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HUNT'S
MERCHANTS’
S
THE
REPRESENTING
MAGAZINE,
Qtwtpaper,
INDUSTRIAL AND
COMMERCIAL
INTERESTS
OF THE
UNITED
STATES.
(Entered, according to act of Congress, in tlie year 1882, by Wm. B. Dana & Co., in the office of the Librarian of Congrese, Washington, D. C.!
VOL. 34.
SATURDAY, FEBRUARY 18, 1882.
NO
869.
iX
10 ln':
CONTENTS.
THE
Mirer Coinage
Tinkering
The
Tho
CHRONICLE.
an<t Currency
Speculative Collai oe
Figlit for New Jersey
Central
Hie Financial Situation
| England’s Fear of Invasion... 191
187
188
Monetary
i
Commercial
192
Commercial and Miscellaneous
189
11)0
THE
and
English News
News
BANKERS’
195
GAZETTE.
ik
Money Market. Foreign Ex¬
change, U.S. Securities, State
Quo* ations <>f Stocks and Bonds 199
New York L< c 1 Securities
200
end
Bonds
and
Railroad
'Stocks
197
Range in Prieos atr-the N. Y.
Stock Exchange
198
Railroad Earn ngs aud Bank
Returns
201
Investments, and State, City
THE
and
Corporation Finances... 202
COMMERCIAL
•ommercial Epitome
Cotton
2<'«
206
TIMES.
| Breadstufts
211
Dry Goods
212
|
dtrcwiclc.
TteB Commercial
day
mommy,
and
Financial Chronicle is issued every Satur¬
news up to midnight of Friday.
with the latest
Pntered at the P#st Office, New York, N. Y.,
as
second-class mail matter.J
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WILLIAM B. DANA. )
WILLIAM B. DANA Sc CO., Publishers,
/OHN Q. FLOYD.
5
79 & 81 William Street, NEW YORK.
Post Office Box 958.
SILVER
COINAGE
AND
CURRENCY
TINK¬
ERING.
The cable
r
news this week that there is some
Gladstone will consent to send anv
brings the
doubt whether Mr.
English representative to the adjourned session of the
Monetary Conference appointed for April 1st, and that in
view of this fact Prance
seems
uninclined
to reconvene
the
Conference, unwilling to take part in another failure
These
are
announcements
read and considered at
that
we
would like to have
Washington, for they concern us
more than they do any other country in the world.
At a
very gr^at sacritice we have secured a gold basis for our
currency, and yet we have on our statute book and con¬
tinue in operation an act that is not only to-day driving
p.VT gold away from
us to England, but is also delaying the
remonetization of silver by encouraging Europe to hope,
and with good reason, that at last we will, through the
operation of that act, become the sink into which, at
not too much loss, they can dump their discarded silver.
It is past our comprehension how our Senators can con*
tent to spend their time over, for instance, such a trifling
’
measure as a funding bill in which no one is interested,
fchiltf"they 6©e the business of the country already dis»
.
-
turbed, under a fear their want of action has caused,
which disturbance will end in confusion later on, if
cause is not removed.
and
that
We have grown
influence of our
careless and over confident under the
large crops and long-continued gold
imports. We think we can disregard the inexorable laws
of trade and not suffer for it.
Prosperity and the natural
elation of our young life have encouraged the belief that
the past condition is to be the constant one for our coun¬
try, regardless of our own acts. A common boast is that
we hold
the necessaries of life which Europe must have
at our price; and further, as we raise the food and raw
material for the world, we have the basis for manufac¬
turing cheaper than other countries, since our people
can
secure
conceit
all
these necessaries at
first cost; so
in
our
feed and clothe the world.
Theoretically these propositions may all appear indis¬
putable, but in practice, under existing fiscal legislation,
they are proving mere sophisms. This year has shown
that such dependence on us as is claimed does not
exist, and, more than that, it has demonstrated that the
dearest country of the whole world for the people to buy
their food in and for spinners to buy their cotton in i»
the United States.
Explain this as you will, the facte
stated are clearly written in the records of our markets.
And do they not raise a fear in the minds of even our
over-confident Congressmen, that there may be something
which is acting as a disturber of values, and also sug¬
gest to them the wisdom of carefully considering whether
it is well longer to overvalue silver, shutting it out from
our exports, and pushing it and silver certificates in to fill
up the place gold would otherwise occupy ?
Oh, we will raise larger crops next year, and that will
change it all, is the ready reply. Very likely we shall
raise larger crops ; the truth is, the crops to-day are every¬
where very promising, not only in the United States but in
Europe, Asia and Africa, and the whole world has gone
into wheat-raising under the influence of high prices.
But if the past relation of things continues to exist, the
United States will put the lowest relative value on gold
that it puts upon anything in the country, just as it has
done this year ; so gold has been going out instead of
wheat, instead of provisions, instead of cotton, instead of
manufactures.
And so it will go out next year, even if
we raise the largest crops we ever did
raise, unless pos¬
sibly speculative movements continue for a long time
checked under the fear inspired by the lesson we are
now
being taught, and thus the day- of retribution be
we
propose to
deferred.
The truth is,
is not open
the influence of vicious
currency
legislation
to the sight, it is hidden and subtle, bet breaks
/
out and
LVou xxxiv.
THE CHRONICLE.
188
reveals its work at times as
These feverish
spasms are
intermittent, and as the catas¬
is assuming marvelous proportions, and doing
great harm to masses of individuals if not to communities.
To an extent this growth is natural, and perhaps the evil,
because so recent, is in its worst phase now.
Quickened
communications modified all business methods, but the
I this country
it is doing now. I
trophe approaches become more frequent and less under
control. We do not expect these viewjs or this warning
to be accepted by a class who are even now trying to
rapid rise of produce, cotton and other Exchanges fur.
see if they cannot invent some
other kind of currency nished the machinery and multiplied speculative facilities
which has no intrinsic value or convertibility.
It is the
many fold.
Now a man with a very few dollars can take
delight of such agitators to attribute the outflow of gold his chance, or perhaps we might more properly say make
wholly to our small crops. That is an idea which is his bet, on the fluctuations of the next twenty-four
being constantly suggested, but the facts do not support hours. The future sales of cotton at our New York
We have still plenty of merchandise stacked up in
it.
Exchange last crop year were 29 million bales. Thus
Grain is coming into the far this
our storehouses and barns.
year they have been about 20 per cent in excess
.Western cities marvelously fast, cotton is fairly bursting
of the same months last year, while the New Orleans
our warehouses, and
provisions are in excessive supply.
Exchange—which only started these calls about two years
Small crops later on, and abundant crops everywhere with
ago—already has reached the 12£ millions of 1880-81 and
low prices in Europe next year may serve to hasten the
will probably more than double it before the season is out.
inevitable end.
But they are not the cause, only the
In fact, take the whole country together it is probable
means.
that 85 millions of bales will no more than cover the total
We.appeal then to our conservative friends in Wash- sales of cotton futures during the season of 1881-82, which
ington to correct this tendency, and as a first step towards if we value the bales at $50 each, would represent 4,250
it, to stop the coinage of silver. A measure to that effect millions of dollars ! "Were we, in like manner, to aggre¬
could be speedily passed, if the Government is in earnest
gate the sales of grain and provisions at all the Eastern
in its recommendations, and the men who are guided by
and Western markets the results would be even more
principle will unite in pressing it. We might also urge surprising.
such action—as we have often done before and as Secre¬
Are not such figures as these wonderfully suggestive of
tary Folger did in his report to Congress—on the ground severe losses and painful experience. If the losses were
that it would help to secure the remonetization of silver*
confined to the professional speculator wholly or mainly,
That suggestion has special force now in view of the
less harm would be done, but they include all classes.
above intimation that the Monetary Congress may not be
Still, we are inclined to accept the cold view that this is
called together on the first of April.
But the facts we healthful, purely educational, teaching the severe lesson
have suggested here, disclose a more imperative reason for
that man must live by the sweat of his brow.
It appears
It may suit the political spirit of the moment to
action.
as if nearly every person required to pass through some
trifle with this subject ; and yet let us add that no states¬
such experience before he is willing to settle down and act
man, party, or administration, will gain pleasure or profit
upon that conclusion.
A short road to wealth, is an early
out of the dropping of our currency to a silver basis.
and a common dream, but not one speculator in a thousand
He may for a time, but the end
long since, that he had on the
of customers every three years, as it
profits by his ventures.
THE SPECULATIVE
is loss.
A broker said not
foreign bourses and home produce average a new crop
This is a
markets gives occasion for numberless homilies on the took about that time to exhaust the old ones.
wickedness of speculation as it is now carried on, and the prominent reason why the South does not accumulate
wealth faster.
It always speculates on the cotton crop, and
immorality of the age that permits it so largely. We
almost universally on what is called the bull side. Many of
would like to join in this chorus if we thought it effectual
the Southern people are so wedded to their idea that they
as a remedy, even in ever so small a degree, for we never
dislike the giver of any information which does not help
speculate ourselves, and according to our way of thinking
their theory. We noticed that a Mississippi paper, not many
could desire no greater evil for our worst enemy than that
he should be possessed with this speculative mania. Still it days since, congratulated the South because it had, through
is certain we believe that legislative prohibitions would not the success of the future market at New Orleans, secured a
The recent break in
r
COLLAPSE.
e-
•
than they would the small-pox or scarlet Southern regulator of cotton values !
But the chief question is what can be done to check this
fever, and hence we cannot favor the restrictions that have
speculative propensity. We cannot see that any legisla¬
been proposed.
Nor can we see the utility of spending time talking tive action is desirable except to have our currency in a
about the
morality, or rather immorality, of these thoroughly convertible state, and then we shall possess a
large operators any more than of the smaller ones. They regulator which will materially help to keep such operations
are all chips of the same block.
So long as they are suc¬ within fixed limits. Men, however, will inform themselves,
cessful they are oracles, and get the reputation of carry¬ or think they inform themselves, and trade on that
ing the largest intellect in their trade or circle, but when information, or they will speculate without anydnformathey lose in the venture, their judgment ranks at zero tion, simply on the chances. We will have to leave it to
among quotable values, and the office-boys perhaps laugh experience to make wise men of them, for experience is
at them.
Whether they bought or sold 1,000, or 50,000, after all in such cases the great corrective. The casualties
during the past two weeks at Chicago, New Orleans, New
pr 500,000, or more, bales of cotton or bushels of wheat,
York, and elsewhere, are likely at least for many a season
or stocks and bonds, seems to present but a trifling differ¬
to prevent attempts to corner whole crops of grain or cotton.
ence, for at what number of bushels, or bales, or stocks
or bonds
can we say right becomes wrong.
Is it not Biddle’s effort and failure in 1839 served as a lesson for
rather a distinction largely of money and of nerve ? The nearly a generation. The present disasters if not equally efficicious will not soon be forgotten. Some claim that the banks
man who buys or sells his thousand, would he not take the
encourage these ventures.. Of course they loan money, as
larger venture if he dared and could ?
We have seen no evidence as
But however we may differ on these points, we at least it is their business to do.
agree with these writers in thinking that speculation in yet that they have violated the law, or have even acted
check it, any more
February
18, 1882. |
THE
CHRONICLE.
189
ence about Jersey Central was assumed, and assumed for
imprudently in the loans made. It is quite impos¬
a purpose.
In this way he succeeded in throwing Mr.
sible for banks to keep outside of speculative actions.
Garrett off his guard.
This effected, he could the more
If they do not involve themselves, it is to be pre¬
sumed that their course has been legitimate and con¬ readily work Garrett’s defeat. Mr. Garrett has bought
largely of the stock of late, and it is possible that he may
servative.
even hold more than the Gould party now.
It does not
follow, however, that he will be able to control the next
THE FIGHT FOR NEW JERSEY CENTRAL.
election.
Mr. Gould may be able to prevent this, by a
Jay Gould evidently has not ceased to take an interest
resort to means that he has before employed elsewhere,
in the affairs of Jersey Central, if recent developments
and which he will not hesitate to use again.
A bill
offer any indication of his feeling3. It is just about a year
rushed through the Jersey Legislature this week, lends
since he made his advent to power in the directory of that
This bill provides that corpora¬
road. Nothing very startling has transpired in the interval, support to this theory.
tions within the State may increase their capital to provide
though a very beautiful scheme for an exchange of busi¬
means for the payment of any of their outstanding bonds,
ness with the Wabash was devised, which it was resolved
with great unanimity to carry into effect.
This done, Mr. in an amount equal to the principal of the same and inter¬
est thereon.
It is believed that this bill was inspired by
Gould apparently relapsed into inactivity about the road’s
the opponents of Mr. Garrett; at any rate, its application
doings, and this led some very worthy people, with an eye
to the case of the Central is clear.
to their own best interests, to try the potency of their own
The Gould party are in power, and should they desire
charms over the susceptible and fickle body.
Suddenly
Mr. Gould again appears on the scene and all is con¬ they could, under this law, add several millions to the
present aggregate of the Central’s stock, which would no
fusion.
Most
Mr. Franklin B. Gowen, having secured Mr. Vander¬ doubt seriously interfere with Mr. Garrett’s plans.
bilt’s backing for Reading, and thus assured to that com¬ of the Central’s bonds sell very high, and the holders
would scarcely care to exchange them for stock rufing
pany a Western outlet, concluded very naturally and very
below par.
But there is one issue of bonds, which the
wisely that the Jersey Central would make a not unde¬
sirable addition to his acquisitions and increase the Read¬ company can call in at its pleasure. The adjustmenting’s power, by confirming it in the possession of an excel¬ mortgage bonds the company has the option of redeeming
Their aggregate is $5,550,000, and in
lent outlet to New York. The Bound Brook route to New at any time at par.
this amount the stock could be increased.
The new mort¬
York, it will be remembered, is formed of the Delaware
& Bound Brook, leased to the Reading, and a piece of gage bonds ($5,000,000) issued last year by the American
the Jersey Central.
Undoubtedly Mr. Vanderbilt was Dock & Improvement Company might possibly be made to
informed, and assented to Mr. Gowen’s scheme. But Mr. answer the same purpose. These can not be redeemed at
Garrett, as is well known, is also anxious to get an less than 110, but as they sell in the open market at about
independent outlet to New York (the Baltimore & Ohio par the Gould party could easily buy them up and get
now using the
Pennsylvania line entirely), and was, it stock in return. At the present price of the stock this
would seem, already in the field. Mr. Gowen went to him, wmuld hardly be profitable, but it would be available as an
told him he was of the same mind, and succeeded in extreme resort, and if there should be much competition
inducing him to consolidate operations. Accordingly, the to get control the stock would no doubt go up, and then
two gentlemen united forces, and laid their plans for the this objection would be avoided.
The income bonds to
amount of $2,450,000 might also prove serviceable, if
capture of the road. All went well. Mr. Gould apparently
was willing to part with the property, and made no show
necessity required. Like the American Dock & Improve¬
of opposition.
In consequence, Messrs. Gowen and ment bonds, they do not mature for many years—not
Garrett felt sure of obtaining control, and took no pains to until 1908, twenty-six years hence—but like those they
conceal their belief.
In fact several announcements, at could be bought in the open market at not much
least semi-official in character, have gone forth within the above par, their present price being about 102@103.
13
millions might be added to the present
last two weeks stating that these gentlemen held an un¬ Thus
What Mr. Gould will do
disputed majority interest. And in view of Mr. Gould’s 18^- millions of capital.
cannot
of
be
course
determined at present, but if, as is
wonderful apathy in the matter, no one cared to dispute
the assertion.
generally believed, the next election will not take place
It is just possible, however, that the plans of Messrs. until next May he will have plenty of time in which to
Gowen and Garrett may miscarry.
It is noticed that dur¬ mature his plans. The road is still in the hands of the
ing the last day or two they have not spoken so confidently Receiver, but it is believed that ere long the application
of their ability to obtain control, and proxies are being recently made to have the property restored to the stock¬
sought in their interest, which may be a sign of weakness. holders will be granted.
In the street it was at one time current belief that
Whether or not Mr. Gould has any present use for the
property, is not quite clear. But this much is certain, that Mr. Vanderbilt and the Pennsylvania Railroad were
he entertains a feeling of deep enmity against Mr. Gar¬ making common cause with Mr. Gould against the
and Reading.
At first sight
rett, and will never let an opportunity slip to defeat that Baltimore k Ohio
would
appear strange that Mr.
Gowen, repre
gentleman’s ends.
Mr. Gould has various grievances it
against President Garrett, and the Baltimore k Ohio’s use senting Mr. Vanderbilt in Reading, should be in
of its telegraph lines is even now an active sore rankling negotiation with Mr. Garrett; but the explanation prob¬
in his breast.
Our readers will remember his effort to ably is that the Reading is dependent upon the Jersey
end
of thb Bound Brook line, and as it
wrench the Ohio k Mississippi from the Garretts, and Central
thus cripple the Baltimore k Ohio system.
He was baf¬ looked as if no obstacles wTould be placed in the way of
fled there.
But surely this could not have been balm for Mr. Garrett's acquiring the road, it was thought better
his wounded feelings.
What seems more probable is that to provide against an emergency, and Mr. Gowen
he is merely biding his time, and will strike in retaliation was put forward for the purpose.
When, however, it
at the proper moment.
appeared that there was to be a struggle for posses¬
There would appear to be little doubt that his indiffer¬ sion, Mr. Vanderbilt himself came forward, followed his
Mr.
THE
190
natural inclination, and
CHRONICLE.
threw his lot with the Gould
If this is a correct interpretation of Mr. Vander¬
bilt’s part in the affair, then the Reading will retain the
Bound Brook outlet, whichever party succeeds in getting
the upper hand—by Mr. Gowen’s alliance with Mr. Garrett,
if the Baltimore & Ohio comes out successful; by Mr.
Vanderbilt’s alliance with Mr. Gould, if the latter
ia euooessful
Thus the Reading is protected in any
party.
event
.
_
THE FINANCIAL SITUATION.
[Vou XXX FF.
amicable
adjustment, but also others who looked upon the
proposition as unfair and unjust; a sharp drop in Ohi#
Central Stock, caused by the announcement of an issue of
80,000 shares for distribution to subscribers to the River
division, ; likewise affected other properties controlled
by the Seney Syndicate; the discovery that shrewd
operators had managed to unload some of the Wabashes,
while
the
market for them was kept strong
by adroit manipulation, tended to induce speculator!
for a fall to test the support which other Southwestern
properties appeared to have, and they were doubtlesi
gratified to perceive that the prop was comparatively
day’s experience adds new proof of the commer¬
cial oneness of the world, under modern methods and slender.
These, and other similar adverse circumstances, added
appliances. Paris seemed quite a distance off and totally
had in cotton and
disunited from America a month ago ; but we awoke to the rapid fall we have
one pleasant morning suddenly to learn that
she was breadstuffs, causing failures of greater or less magni¬
tude and panics in Western and Southern markets,
really our next-door neighbor. The first shock, however,
served very naturally to demoralize the traders in stocks.
only hit us indirectly, enabling us to feel how very silly
French speculators had been.
This week the blow came This demoralization finally became so general that holders
seemed only desirous of getting rid of their properties
nearer, and while struggling under our millions upon mil¬
lions of bushels of wheat, barrels of pork and bales of without much regard to price, forgetting for the moment
that they were thereby doubtless playing into the hands of
cotton, we have gained a faint vision of our own silliness
the speculators, who were the real cause of the extreme
too.
At such times even professionals lose
And yet what a bold idea, worthy of even the American demoralization.
mind, this cornering of whole crops of produce was. But their judgment, and the example set by them is contagious.
it was not original, for some of our readers no doubt The excitement appeared to subside on Thursday after¬
Each
remember the circular issued
on
the 6th of June, 1839,
*>y Messrs. Humphreys & Biddle citing their arrangements
(“ adequate means on both sides of the water ”) for cor¬
nering the'coming cotton crop “ until prices vigorously
rally.” Still those who remembered that experience
u
were
not in this.
A
man
rarely attends his
own
funeral
It
noon.
was
then believed that the breadstuffs and cotton
reacted; that commercial bills had been made
so
rapirlly that exchange was weak, and no more gold wae
likely to be exported for the present; that the foreign
markets were improving.
Moreover, it was evident that
even the most active of the speculators for a decline did
markets had
believe
that the immediate future
full
twica
not
Among outsiders it has been evident for a long time, even
before we felt the Paris shock, that our load was getting
heavier than we could bear.
It was very easy to shut out
European markets from us, because it is always easy to
dam a small stream; but it was the accumulations after
that, which such operators never measure, that were sure
to force the passage in the end.
The first signs of the
break were indicated a week ago; the results up to the
this hour will be noted in our market reports.
Of course
•truggles are being made, and they will continue to be
made, to stop the decline and recover lost ground. But
the game is lost for this year, and the remainder of our
crops will be marketed at less than we might have real¬
ized, had we chosen to let the world have them earlier in
of
the
exchange market declined bolow the gold
shipping point, it has continued dull, but steady. There ha*
been a good demand for sight bills, and early in the week
this was so far in excess of the supply, that on Tuesday
$1,000,000 American and $51,000 British gold was
sent to Europe.
Since then the tone has been weaker,
owing to the offerings of bills drawn against anticipated
shipments of staples, but the supply of these bills is not
sufficiently liberal to make any very decided impression
last issue the effect upon the stock market of
the failure of a cotton speculator, who was also interested
our
in Louisville &
Nashville,
the
a
was
recorded.
This
was
but
series of shocks which fell upon Wall
street during the past week, the more important of which
were directly chargeable to the tumble in
provisions, breadbeginning of
stuffs and cotton.
Speculators for a decline in securities
discouraged but not disheartened by the
strength the market displayed after the direct effects of
the French crisis had been felt, renewed their efforts to
break down prices and were singularly fortunate in their
operations. ' Of the many things that combined to aid
these speculators, we may mention the fall in Tennessee
bonds under the decision of the court, which had a
tendency to unsettle confidence in securities of some of the
Southern railroads ; the sharp decline in Boston Hartford
& Erie bonds alarmed holders of other property of this
character ; the reorganization scheme of the Columbus
Chicago & Indiana Central not only disgusted those* who
had cpeculated in the stock of the company in the hope
that the feug - ending litigation would result in an
who had been
was so
had been represented. Railroad earnings con¬
tinued large, and furthermore the fall in breadstuffs
brought prices to a point at which it was probable the
peril
as
movement to
the seaboard would be increased
so as
mate¬
rially to augment the business of the roads. Of courst
was
argued also that the liquidation in progress in
produce speculative circles would release a part of ths
it
which had been employed in carrying these
staples, and when released it would naturally find its
So a more hopeful view was taken,
way to this centre.
inducing purchases again, which steadied the market.
Yesterday the feeling was less settled and price*
fluctuated, closing, however, in most cases at some im¬
money
provement.
Since
season.
In
now
the
rates, for the reason that holders’ and buyers’ view*
widely divergent, the latter being disposed to select
upon
are
only first-class names, and the former demanding pretty
full prices for all their bills.
More liberal offerings of
commercial sterling may reasonably be expected very
soon, then rates will fall off, and the market will doubt¬
less
become
more
active.
The demand
has not been
of covering cable transfers, but to
Europe, the incoming
steamers having, ’as is understood,
brought a general
assortment of railroad properties.
The following shows
relative prices of leading bonds and stocks in Ijondon and
New York at the opening each day.
wholly for the
purpose
remit for securities sent here from
r*b
18.
Feb. 10.
15.
Feb.
Feb. 14.
Feb. 17.
Lond'n N.Y. Lond'n N.Y. Lond'n N.Y.
Lond'n N.Y. Lond'n N.Y.
prices. prices.* prices. prices.* prices.
prices.* prices. prices.* prices. prices.*
WJBl.4i.c. 11T84
©.8.3*9 10188
30-89
©rle
2d con.
00-18
Ml. Cent.
13551
N. Y. C.. 130 00
Reading 31 54+
118*
um
39H
0S*
132**
130*6
02*
117-71
118
117-84
101-88
102*
39*
98*;
10200
39-89
09-18
39-52
99-18
130-25 132*6* 132-81*
131-09
13096
31-911
02*6
130-85
182-57
130*
131-09
181
10200
33*6
98*
98-20
01
31-05+
02
401
4-91
4-91
13 i
117*
101*
39*
98*
132*
11759
117-84. 117*
10200 102
102*
3903
39*
98* 98-20
132** 132*32
130*6 130-35
31*541
Hxoh’ge,
cables.
118
t
39-40
01*
30-80+
4*91
491
191
CHRONICLE.
THE
IS, X88S.J
Expressed in their New York equivalent.
basis of $50, par value.
* Hx dividend.
*
+ Reading on
Four million dollars
the Bank of
taken out of the vault of
America during the week, for AMottnt of the
gold
were
associated banks.
The statement of the banks
last Saturday was again
and $800,000 gold
the steamer sailing
on Sunday.
On Monday the banks lost $1,000,000 gold
which was shipped on Tuesday.
Making allowance for
the declining average on Saturday and the exports of gold
since, the following will afford a basis for determining the
made up on declining averages for specie,
was withdrawn that day for shipment by
character of the exhibit this week.
England return for the week shows an
Net Loss.
InJo Banks. Out of Banks
increase of £1,400,000, which brings the bullion about
$3,146,845 $3,146,845
$
£300,000 above the amount in the Bank January 26, im¬ Sub-Treasury operations, net...
811.000
690,000
121,000
Interior movement
mediately after which the withdrawals commenced for
Total
$690,000
$3,957,845 $3,267,845
Paris.
It is possible that the receipts this week were
Government bonds were steady until Thursday when
augmented by the arrival of $3,350,000, which left here
on the 1st and 4th inst.
The cable has daily reported there was a fractional decline on limited transactions.
the gains by the Bank on balance, which together have The Secretary of the Treasury has as yet given no notice
amounted for the six days to £984,000.
These reports for the redemption of bonds of tbe 107th call without
have been
accompanied by the announcement that rebate of interest. The redemption of bonds at the Subexchange at Paris on London has been maintained at Treasury during the week have amounted to $3,000 of
points favoring the last-named city, thus showing that the the 105th call and $53,000 of the 106th. There are now
drain to the Continent has ceased.
It is possible that the about $3,000,000 of both calls outstanding.
6 per cent rate at the Bank of England has attracted
The payments by the Assay Office through the Subthither bullion from some parts of the Continent other than
Treasury have amounted to $39,864. The receipts by tho
France and Germany.
That France has as yet returned Assistant Treasurer from the Custom House wore as fol¬
much gold to London does not appear probable, for the lows.
•able reports a gain there of 9,825,000 francs gold during
Consisting of—
the week, and a loss of 5,900,000 francs silver.
Most
Duties.
Date.
U. S.
Silver
Silver
likely these large gains of gold reported by the Bank of
Gold.
Dollars. Certificates.
Notes.
France since the crisis, came largely from the deposits of
$102,000
$419,000 $32,000 $1,000
Feb. 10
$553,615 50
the tax receivers who are thus depositing their gold and
91,000
38,000
11....
271,000
400,287 59
31,000
115,000
596,000
13....
17
741,434
paying out silver. The Bank of Germany since last re¬
35,000
414,000
81,000
1,000
14....
531,249 53
port has lost 2,860,000 marks. The following shows the
65,000
416,000
56,000
15
537,611 91
amount of bullion in each of the principal European banks
498,000
1,000
96,000
16....
53,000
646,732 41
this week and at the corresponding,date last year.
$550,000
Total... $3,410,931 11 $2,614,000 $245,000 $3,000
The Bank of
'
■
...
“
......
“
“
“
...
“
Feb. 17,1881.
Feb. 16, 1882.
Bank of England
Bank of Frano©
Bank of Germany
Total tills week
Total previous
week
Gold.
Silver.
Gold.
Silver.
£
£
£
£
27,012,124
20,700,920
32.655,7S7 45,116,557 21,848,353 48,458,554
7,160,250 21,480,750
6.891,162 20.673,488
60.247,869 65,790,045 56,020,727 69,939,304
58.480,846 66,113.202 54,906,222 69,606,153
ENGLAND'S FEAR OF INVASION.
something novel about the idea of England
being afraid of invasion. For eight hundred years her
soil has been untouched by an invading foe. The impreg¬
nability of her wooden walls and the invincibility of hei
hearts of oak were for ages proverbial; and in later years,
since the wooden walls gave place to those of iron, we
have been accustomed to regard that island as the on©
secure and invulnerable spot perhaps in the world.
No
what
matter
might happen on the Continent—the nationi
might tear each other to pieces; no matter what might
happen on the adjacent waters—the channel might b©
strewn with the wreck of contending fleets, the British
Isle would sit secure, calm and serene, encircled by hex
There
is
Money has been in fair demand during the week, and on
Wednesday, owing to the shifting of loans consequent
upon the decline in stocks, there was a sharp inquiry, but
later in the day, as on almost every day of this week, the
offerings were comparatively liberal and the rates fell off.
The demand for money is limited by the short interest in
the stock market and the supply is unusually abundant
from the fact that many capitalists have been out
•f
stocks
for
some
time
and
while
waiting “streak of silver sea.”
for an opportunity to invest have kept their money with
This comforting thought—this feeling of safety and
banks or trust companies, .who have pressed it upon the
seclusion—has, it appears, been seriously disturbed; and our
market whenever the demand became at all urgent.
The English cousins, for the first time since the invincible
domestic exchanges show little variation compared with
army of the First Napoleon lay encamped on the heights
last week ; and at no point, except Chicago, are they of
Boulogne, waiting for favoring gales, begin to dream
decidedly against this centre, and there the rate has fallen of possible invasion.
to 75 cents per $1,000 discount, thus again drawing
It is well known that for years past a project has beeit
funds from this city.
The Treasury operations for the on foot to tunnel the English Channel. ' Such a tunnel, it
week have resulted m a gain, which is a loss to the banks,
is undisputed, would be an immense benefit to commerce
•f $3,146,845 15.
The following will show the extent of —an immense convenience to commercial men and t©
the interior movement for the week.
Receipts at and Shipments from N. Y.
•urrency
Gold...’
Total
*.
generally. The distance between France and
England is not great; but it is safe to say that the cross¬
ing of the channel is, as a rule, one of the moat unpleasant
experiences. To be able to pass from English to -French^
or from French to Engli&h soil, without any ol the diaceattravellers
Received.
Shipped.
$677,000
13,000
$751,000
60,000
$690,000
$811,000
THE
192
CHRONICLE.
| Vol. XXXIV
of half an hour, pl0ttetarijf(Commercial gnglislt Items
the tourist, not
speak of the advantages from the point of view of trade RATES OF EXCHANGE AT LONDON AND ON LONDON
forts of the voyage, and in the brief space
would certainly be an added pleasure to
to
and
A channel tunnel would be a
commerce.
mightier
triumph of science—a grander illustration of modern pro¬
gress—than the Suez Canal or any method which may be
adopted for cutting through the American continent and
uniting the waters of the Atlantic and the Pacific. Nor
does it appear that there is any real difficulty in the
way.
The sea bottom has been carefully surveyed; and
both French and English engineers have agreed as to the
feasibility of the enterprise. A few years from now, and
it was hoped that the ride from St. Petersburg, from
Vienna, from Berlin, from Brussels, from Paris, to Lon¬
don, or vice versa, would be accomplished without the
necessity of enduring the miseries of that old chopping
.sea.
It has
suddenly occurred to the English mind, how¬
ever, that the conveniences which might result from a
channel tunnel would be more than counterbalanced by
probable inconveniences and even dangers. If the tun¬
nel could be used for peace purposes, it might also be
AT LATEST DATES.
EXCHANGE AT LONDON—Jan. 28.
Rate.
Time.
On—
Amsterdam
Amsterdam.
Short.
3 mos.
Antwerp....
Hamburg...
« »
.
*4
*
u
Frankfort...
Berlin
u
St.PetersVg.
Paris
Paris
Vienna
Madrid
Bilbao
Genoa
Lisbon
Alexandria
New York...
.
...
Latest
Date.
312*23i
I2-53i 312*614
Jan.
25*60
20*65
20*65
20*65
Jan.
Jan.
Jan.
Jan.
12*1%
18*47
24
Copenhagen.
’
EXCHANGE ON LONDON.
'325*65
'a 20*70
320*70
320*70
•
•
•
<9
28
28
28
28
Rate.
Short.
12*15
....
Short.
44
a
n
<
25-24
20*44
20*44
20*44
318*50
323*2
Short. 25*10 325*20
Jan.
3 mos. 25*42*2 3) 25*52*2 Jan.
44
Jan.
12*17*2 3< 12*20
2S Short.
28 3 mos.
28 Short.
25*13
25*15L>
12 00
4C
if
it
453i34512
26*60
3*
a
326*70
....
....
23
Jan.
Jan.
25 3 mos.
28 Short.
28 4 mos.
44
28
U
28
ii
28
Bombay.... 60 d’ys
Is. 7%!.
Jan.
Is.
77gd.
Jan.
Jan.
Jan.
if
....
....
Short.
Jan.
26*10
5738«/5758
Calcutta....
Hong Kong..
Shanghai....
28
O
Time.
983s
4 84
Is. 8?ied,
is.
8iied.
3s. 9*sd.
5s. 1384.
[From our own correspondent.|
London. Saturday, Jan. 21, 1882.
The money
market has presented a very quiet appearance
France and England are now at during the week, and the New York Exchange having advanced
to 4 83/4, increasing ease is anticipated.
In the open market,
peace, as they have been for many years ; but France and
the best three months’ bills are freely taken at 4 per cent;
England might have a difference ; or an invading army, but the directors of the Bank of
England have made no change,
as has frequently happened in the past, might be in pos¬
their published quotation being still 5 per cent. This week’s
session of French soil.
In the event of a difficulty Bank return is of a favorable character; the total reserve
useful for those of
war.
arising it is easy to conceive of the advantage which
would result to either party from the sole control of the
tunnel.
That it should fall exclusively into the hands of
any one party is certainly not very likely ; but it is not
to be excluded from the probabilities.
It might hap¬
pen.
It is not conceivable that England would ever
.allow her ambitious designs to tempt her to make an
invasion of France.
It is conceivable, though, that
such complications might take place on the Continent as
to suggest and encourage the invasion of England.
In
such a case, an effort would be made to obtain pos¬
session of the tunnel; and such possession is pos¬
sible by a surprise either through the tunnel or
by sea. That it would be possible for the enemy to make
himself master of both mouths and thus precipitate an in.
English soil has been shown by several
writers, and some of the most competent military
in the three kingdoms have expressed opinions un¬
evading
.-able
men
army on
favorable to the construction of the tunnel.
vthese
.
In view of
opinions the Government have agreed to reconsider
the matter.
It
is, perhaps, premature to say that the enterprise
The presumption, however, is that for
.a time, at least, nothing more will be done in the matter,
as the Government will have to look at the question in all
its possible aspects. Pity that a great and beneficial enter¬
will be abandoned.
prise should be hindered by such a cause, but England is
not to be blamed for first looking to the security of her
position.
The Connecticut Mutual Life Insurance Company reports
another year of prosperity. In 1881 the Connecticut Mutual
raised its gross assets to $50,258s,000, increased its actual invest¬
ments nearly $1,000,000, paid to policy-holders more than
$6,000,000, of which nearly $4,000,000 went for death claims
and endowments, and has a clear surplus of $3,387,572 over all
liabilities as determined by the hignest standard. This com¬
pany is too well known throughout the country to require a
word of commendation, but it may be said that the integrity of
the management has always been above reproach. The company
has not undertaken to cut rates down below a fair standard,
nor does it offer to insure anything and everything at lower
rates than any
other
company; but it aims to give its policy¬
security for their premiums paid. The
company’s operations, extending over a period of thirty-six
holders
Fears,
ess
an
undoubted
have shown
a gross
income of $161,794,082, of which not
than $95,649,598 nas been returned to
policy-holders.
having been augmented by £781,673, increasing its proportion
to the liabilities
The
of the establishment from 34*40 to 37*69 per
supply of bullion has been increased by £287,778,
entirely to the return of coin from provincial circu¬
lation, and the circulation of notes has been diminished by
£493,895. The Bank of England has gained no strength, how¬
ever, from foreign sources, and it is not probable that, as far as
the Continent is concerned, the exchanges will rule sufficiently
in our favor to bring gold to the London market. The advance
in the American exchange leads some to incline to the opinion
that before long shipments of gold will be made from New
York to Europe, as the sales of American bonds by European
holders are understood to have been of late very considerable.
It is quite possible, however, that any such movement would
soon be checked.
After a somewhat protracted period of
depression, the market for American bonds begins to show
signs of renewed activity, and the stock markets generally,
which have of late been very weak in consequence of the con¬
dition of semi-panic, if not of aotual panic, on the Paris Bturse,
now present a firm appearance.
It has been known for some time past that the condition of
affairs at the Paris Bourse was most unsatisfactory, and sur¬
prise has been expressed at the fact that a break-up was so
long delayed. Hopes were at one time entertained that a crisis
of any importance would be avoided, but events have not jus¬
tified that belief. This week the Lyons and Loire Bank has
been compelled to suspend payment, that institution having, it
is understood, made heavy advances to speculators. The an¬
nouncement of that failure caused great excitement in Paris,
and a state of great distrust prevailed.
The applications for
assistance to meet the crisis were very numerous, and in those
cases in which it was practicable no difficulty was experienced
in obtaining the advances required.k That assistance mitigated
the severity of the crisis, and a better state of things is now
reported. This panic cannot in the end be otherwise than
beneficial in its results. Speculation had assumed very danger¬
ous proportions, and an impending crisis has always a bad
effect as business generally becomes deranged. As usual, credit
has been overstrained; the markets, as far as the Bourse is
concerned, have been glutted with weak speculators, but these
will be weeded out, and it is hoped that a state ot things will
soon exist which will promote confidence and enable all legiti¬
mate traders to carry on their avocations without fear of the
consequences. Probably, however, the crisis is not over yet.
The panic of this week has been brought about by the arrange¬
ments incidental to the mid-monthly liquidation ; but the prin¬
cipal liquidation will not commence until the first of February,
and terminate on Feb. 5, and between now and then rnaeh
anxiety must necessarily be felt. We may hope, however, that
cent.
due almost
February
193
THE CHRONICLE.
16,1862.)
liquidation has been completed a healthier con¬
dition of things will have been brought about, and if that
should prove to be the case, other financial centres may be ex¬
pected to derive some benefit.
The crisis in Paris has had considerable influence here, and
the banks have been still more cautious in making advances
upon Stock Exchange securities. The trade demand for money
when that
moderate scale, and consequently the
money market has presented a very quiet appearance.
There
is no reason at present for believing in any revival of activity,
but as the Bank of England does not receive any considerable
supply of gold from abroad, the directors are not likely to
make any change in their rates of discount, notwithstanding
that the open market quotations continue to decline. Should
there be an export of gold from New York, the effect, if it
could be shown that the movement was likely to continue,
would be very decided, as the value of money in this country
would decline considerably. Any relaxation, however, of the
Bank of England’s terms would, in all probability be speedily
felt; and, although the American exchange on London has
improved so much of late, any decline in the value of money
has been upon a very
subscription.
This, however, will not probably be done until
matters have settled down upon the Paris Bourse.
The weather has become colder, but it has been
far from
Heavy fogs have prevailed throughout the country,
those branches of business to conduct which a clear light
necessity, have, to a considerable extent, been at a stand¬
severe.
and
is
a
This has been very prominently the case with regard to
the trade in wheat and other cereals. As far, however, as
still.
wheat
is
tone, notwithstanding that mil¬
the
concerned,
operating with great caution, has been
activity has been reported in the United
States, and reports have
been current that before
long France will be compelled to import upon a somewhat
larger scale. That country harvested, indeed, abetter crop last
year than in 1880; but it was by no means a large one. France
has imported to a fair extent from Russia during the season,
but the reserve supplies in the country, owing to the poverty
of recent harvests, remain small.
A revival of an active
demand for wheat on French account would naturally give a
lers
have
been
More
firm.
strong tone to the trade, and the holders of sound qualities of
produce are therefore becoming more reluctant to sell. The
deliveries of British farmers continue to be well maintained ;
here would be likely to check the movement. The quotations
but the ultimate effect must be that later in the season we
for money are now as follows:
shall be compelled to import upon a larger scale.
The quan¬
Per cent. Open market rates—
Percent.
4 months’ bank bills
37s®4
5
Bank rate
afloat
viz:
wheat,
2,722,000
tity
of
cereals
remains
large,
of
6 months’ bank bills
4 ©4*8
Open-market rates—
4 & 6 months’ trade bills. 41a®512
quarters; flour, 170,000 quarters ; Indian corn, 172,000 quar¬
30 and 60 days’ bills
378®t
.
3783>4
3 months’ bills
ters.
The following are the rates of interest allowed
stock banks and discount houses for deposits:
wheat in
JL
Joint-stock banks
Discount houses at call
Do
with notice of withdrawal
During the week ended Jan. 14 the sales of home-grown
the 150 principal markets of England and Wales
amounted to 47,259 quarters, against 29.010 quarters last year
3^ and
32,871 quarters in 1880; while it is estimated that they
3^2
by the joint
O#
L'C/fcf,
•
kingdom 189,100 quarters, against 116,100
Annexed is a statement showing the present position of the quarters and 131,500 quarters. Since harvest the sales in the
Bank of England, the Bank rate of discount, the price of con¬ 150 principal markets have been 932,887 quarters, against
sols, the average quotation for English wheat, and the 818,750 quarters and 622,583 quarters; the estimate for the
Bankers’ Clearingt. House return, compared with the four whole kingdom being 3,731,600 quarters, against 3,275,000 quar¬
ters in the corresponding period of last season and 2,491,700
previous years:
1379.
1881.
1883.
1882. 1
quarters iu 1879-80. Without reckoning the supplies of produce
£
&
&
&
furnished ex-granary at the commencement of the season, it
Circulation
25,143,490 26,365,245 27,094,270 33,243,450
3,972,478
Public deposits
is estimated that the following quantities of wheat and flour
3,942,398 4.663,711
4,119,540
Other deposits
24,613,580 24,973,507 30,854,581 32,599,418
The
Governm’t securities. 13,661,986 14,353,300 18,904,788 17,092,974 have been placed on the British markets since harvest.
Other securities
22,216,521 20,517,645 18,306,240 26,371,438 visible
supply of wheat in the United States is also given:
Res’ve of notes & coin.
10,856,462 12,913,933 15,933,679 11,466,447
Coin
and bullion
3%
:
were
in the whole
5 p. c.
Bank rate
3^
28,027,949
29,709,897
3 p. c.
4 p. c.
98^
961q
38?. lid
Eng. wheat, av. price.
45s. 5d.
45s. lid.
42s. Id.
Clear’g-house return .150,436,000 156,622,000 144,198,000
92,476.000
following are the current rates for money at the lead¬
ing Continental centres.
of
home-grown
produce
Total
Deduct
exports
wheat and flour
....16,170,000 14,192,000 10,797,000 10,635,600
44,220,810
of
Open
rate.
Pr. cl.
5
5
market.
Pr. ct.
5
4*2
5
Berlin
Hamburg
Frankfort
Vienna
4
Bank
rate.
Pr. ct.
4
Madrid
6
8t. Petersburg...
6
Geneva
5
Genoa
4
Copenhagen
9
Bombay
47e
iq
4Lj
43*
41-j
4
Open
market
Pr. ct.
5
6*4
5 cub
43,870,664 45,064,600
44,084,901
470,589
861,310
665,480
441,375
The
Bank
1878-79.
1879-30.
24,440,058 29,153,800 21,160,698
5,233,606 5,113,800 3,288,603
Imports of wheat.cwt.25.036,167
Imports of flour..... . 3,014.643
8ales
p. c.
98
Consols
Paris
Brussels
Amsterdam...
1880-81.
1881-82.
in
departments.. 20,549,952 24,279,178
Proportion of reserve
to liabilities
37-69
43*53
both
43,779,435
Result
Av’ge price of English
43,205,184 44,594,011 43,223,591
42s. 7d.
47s. 9d.
28,800,000
30,500,000
47s. 4d. *
wheat for season (qr.)
Visible supply of wheat
in the U. S.... bush. 17,500,000
40s. lOd.
of grain
from the United Kingdom during the
first twenty weeks of the season, compared with the corre¬
sponding period in the three previous seasons:
The
following return shows the extent of the imports
into and the exports
4%
3^2
370
IMPORTS.
improvement in gold during the
week. A further supply of sovereigns has been sent to the
River Platte, and about an equal amount in bar gold has been
purchased by the Bank of England. The arrivals have been
only £43,700. The silver market has been firm, and business
has been done as high as 52%d. per ounce; but at the close of
the week less buoyancy has been apparent. Mexican dollars
have been sold for refining purposes at 50%d. per ounce, but
this market is also weaker. £500,000 iu India council bills were
sold at the Bank of England at Is. 8d. the rupee. The follow¬
ing prices of bullion are from Messrs. Pixley & Abell’s cir¬
There has not been much
cular
:
GOLD.
Bar gold, fine
Bar gold, contain’#
Spanish doubloons
s.
per oz.
20 dwts. silver
South American doubloons
United States gold coin
German gold coin
..
per oz. standard.
77
peroz.
73
peroz.
Quicksilver. £6 5s. Od.
9
peroz. standard.
per oz. standard
per oz.
peroz.
per oz
n
d.
517a
52 x4
56*8
50^
Discount, 3 per cent.
-a>
®
®
®
a>
1878-79.
24,442,058
29,153,800
Barley
....5,805,903
6,606,411
7,718,459
21,160,698
866,371
845,545
662,503
9,977,231
3,014,643
Oats
Peas
Beans
Indian
corn
Flour
4,973,660
1,184,701
1,008,312
14,561.334
5,238,606
5,961,209
5,447,651
796.676
558,357
9,486.552 12,590,410
5,113,800
3,288,603
6,604,781
1,109,021
1,288,394
EXPORTS.
1881-82.
Wheat
Barley
Oats..
Peas
Beans
Indian corn
Flour
cwt.
336,507
*■
1879-30.
1878-79.
605,253
-421,824
820,482
65,086
47,294
8.366
3,519
138,458
40,828
11,280
31,754
339,732
34,069
14,729
64,871
54,868
1880-81.
-
255,647
39,923
17,033
147,721
60,227
7,585
41,795
71,759
15,50 L
416,362
43.765
representatives of the Cleveland miners had an inter¬
Secretary of the Employers’ Associa¬
tion, at which they announced that the men agreed to accept
the sliding scale proposed a month ago. This agreement
arranges for an advance of %d. per ton on the rates of the
scale previously in force, and 10 per cent increase on the wages
according to that scale of men employed underground.
Annexed is a return showing the extent of the exports of Brit¬
ish and Irish produce and manufactures, and of Colonial and
foreign wool to the United States from the United Kingdom
The
view last week with the
®
1®
1879-80.
cwt.25,036,167
......
circulation during the past week that in December and during the past year,
the Italian loan is to be immediately offered for previous years:
A report has been in
the balance of
d.
73 10^©
per oz., none here
peroz
gold
S.
standard. 77 9Va>
SILVER.
Bar silver, fine
Bar silver, contain’g 5 grs.
Cake silver
Mexican dollars
Chilian dollars
d.
1880-81.
Wheat
1881-32.
compared with the two
THE
194
CHRONICLE.
Summary of the
EXPORTS.
-In Twelve Months.1881.
1880.
-In December.1881.
1880.
Apparel and slops
Bags and sasks
5,217
3,294,241
73,303
1.841
43,688
3,310
437,941
22,176
3,293,000
5.956.700
77,915,500
«wt.
294,459
£
doz.
4.100
29,680
Beer and ale
bbls.
Oofeton piece goods, .yds.
Bartlien w.A porcelain. £
Haberdashery and mil¬
linery
.. £
Hardware and cutlery.£
Iron—Pig
tons.
Bar, &c
tons.
245.678
3,113,126
71,765
925.784
40,717
903,861
853,037
35,704
34,396
47,633
18,540
3,238
16,860
487,601
494,204
443,963
513,728
391.784
51.413
18,957
221,131
291,378
2,732
18,804
45,237
164,167
20,464
197,653
44,066
36.125
18,565
1.206
13,799
614,005
Tear’s Increase in British Exports is the 31st of
^
December.
£2,679 64$
Europe, increase
India, Australia, Canada and British Possessions
The whole outer world (except United States)
24,735
68,091,900
47,396
43,118
The whole of
[T*u xxxiy
„
Less United States
Total
as per
„
.
6,464904
£12,509,791
.
1,631,311
deficiency—
£10,873,471
Board of Trade returns
London, Saturday,
3,365’24f
January 28, 1882.
week has been one of considerable excitement om
European Bourses, and the London Stock Exchange has
plate>... tons.
179,744
12,334
Tin plates
tons.
6,222
been
adversely affected to an important extent.
As is well
719
1,562
Cast or wrought..tons.
99,974
17.224
4,139
Old for reflBanuft.tons.
known,
has
for
some
past
speculation
in
Paris
time
been
carried
135.275
18.614
0,305
Steel—Un wrought .tons.
598
258
138
on to a dangerous extent, and the effects of that policy are now
Lead—Pig, Ac
tons.
5,564,200
5,342,400
238,000 1,072,900
Jute yarn
being seriously felt. As far as the Paris market, is concerned,
Linen piece goods., .yds. 6,237,100 6,090,500 90,621,600 82,050,900
is obviously much anxiety, as the “ liquidation” will be
there
Machinery—Steam en¬
55.874
21,662
4,592
1,253
gines
£
443,668 commenced on Wednesday, the 1st of February, and the/e can be
417,413
57,798
61,307
Other kinds
£
Paper—Writing or print¬
no doubt that several weak operators will have to succumb to
5,806
4,462
499
1,240
ing A enrePpes.cwt.
4,228 the
722
3,910
386
Other kinds
cwt.
pressure placed upon them. The French Government are
247,081
19,354
286,195
31,343
•alt
tons.
317,723
308,480
22,275
granting support in those quarters in which it may be reason¬
26,837
•Uk broadstaffs
yds.
8,544
39
2,255
2,271
Ribbons of all kinds. £
ably conceded, so as to diminish the extent of the crisis ; but
Other articles of silk
48,873
107,381 business has been so recklessly conducted by many of late that
17,696
14,447
only
£
Mixed with other ma¬
116,117 no alternative exists but to allow matters to take their course.
112,578
15,710
13,812
terial
£
139,750
112,252
15,442
23,957
Some of the principal financial institutions, however, which are
•pirits —British—gals,
ftationery—Other than
88,683
able to prove that, with the assistance of time and the requisite
74,074
6,917
6,428
paper
£
7,741
182
60
15,910
Tin—Unwrought ...cwt.
6,350,100 aid, they can surmount present difficulties, will be helped
327,900 1,037,200 10,314,200
lbs.
Wool—British
Colonial A foreign.lbs. 3,4 .3,065 2,602,293 30,701,095 21,984,182
through. So also will those firms in whom confidence still con¬
3,906,700
4,003.200
296,000
241.200
Woolen cloth
yds.
tinues.
In this way the crisis will be mitigated to a consider¬
27,529.300
33,992,300
1.835.700
936.200
Worsted staffs
yds.
1,235,900
2.431,100
62.200
113,300
able degree; but, at the same time, much trouble exists, and
ffarp’s A drag£eis..yds.
To British North America the shipments in December and when a community has lost confidence* the powers of recupera¬
tion are temporarily restricted. The crisis will, no doubt, have
during th« year compared with the two previous years were as
its ultimate beneficial results by clearing the markets of reck¬
follows:
-In December.
.—In Twelve Months.—. less and injudicious speculators, and it will probably not be
1881.
1880.
1881.
18 SO.
very long before business reassumes its usual appearance. The
179.026
136,197
4.957
4,783
Apparel aid slops
£
Berlin
and Vienna Bourses have been considerably depressed
48,862,500
Cotton niees goods.yds. .,563,900 2,614,700 38,088,500
Rathenware and por¬
105,318 during the week, but they have been calm compared with the
78,620
5,374
3,460
RR. of all sorts ..tons.
Hoops, sheets,boil or <fc
1.339
armor
/—
The past
the
«.
•
*
£
celain
Haberdashery and mil¬
linery
£
Iron—pig
tons.
Bar, «fcc
tons.
condition of the Paris market.
17,079
32,851
907
253
1,411
743,649
54,157
33,662
925.782
agitation on the Paris Bourse has naturally exercised
considerable influence on the London Stock Exchange; and,
935
85,824
RR. of ail sorts..tons.
arising chiefly out of the fact that Continental government
Hoops, sheets
and
13,038 securities
11,200
525
364
boiler plates...tons.
have been much depressed, six members of the
11,747
534
10,40S
690
Tin plates
tons.
14,842
12,403
459
House” have been declared defaulteis. There has also beea
1H0
Castor wrought..tons,
6,281,600
72.800
7,656.700
89,700
linen piece goods..yds.
a
410,884
large failure in Dublin, but as far as London is concerned
388,100
527
3,941
•eed oil
galls.
83,909 the
112,131
2.681
•alt
tons.
suspensions have not been very important. The fortnightly
392,018
295,970
10,532
11,640
•ilk broadstuffs
yds.
23.019
was completed yesterday; and when it became
settlement
1.265
21,007
1,626
£
Ribbons
170 233
137,462
3,321
13,410
Spirits (British)...galls.
known that the failures were few in number, and somewhat
•Stationery, ether than
47,748 limited in the amount of the liabilities, a much better feeling
37,671
3,318
1,792
paper
£
37.895
123,234
812
1,304
•agar. ref’dA eandy.cwt
5,734,900 manifested itself, and the markets assumed a fair degree of
4,068,600
103.200
219,400
Woolen cloth
yds.
9,747,100
356,500 10,431,600
260,3u0
Worsted stuffs
yds.
steadiness.
Basiness, however, has not been active, as the
ffarpets, not being
1,668,500
banks are very cautious as regards the advances they make ;
57,800
1,222,300
20,600
rags
yds.
and until the liquidation has been arrranged in Paris next
The following comparative table shows the increase or
week it is scarcely likely that prices will recover to any
decrease in the export trade of the United Kingdom daring the
important extent. During the last few days rather a large
'month of December, and also during the twelve months of the
amount of securities has been sold in London on Paris account,
year just expired. The figures relating to the first eleven
and gold in moderate quantities has been transmitted in pay¬
♦omntriefi inoluded in the list show the extent of the variation
ment. Those shipments have caused the money market te
of oar export trade with the Continent of Europe:
assume a decidedly firmer appearance, and in the open market
Month end’g Dee.3l,’81. 12 mos. end’g Dec. 31,’81.
the rates of discount have recovered about /£ per cent.
Decrease.
Increase.
Decrease.
Increase.
£
£
£
Although our stock of bullion does not exceed £20,400,000, and
£u
1,918,520 the reserve of notes and coin £10,976,165, the directors of the
207,162
Bassia
343,72*6
95,616
Germany
356,093 Bank of England made no change in their rate of discount at
66,238
Holland
1,107,661
102,315
Belgium
their weekly meeting on Thursday
They seem to be of the
1,367,722
14,379
Prance
54,893
232,261
Turkey
opinion that the present crisis in Paris, like many such crisea
366,733
32,786
•pain, A«
which are brought about by over-speculation in securities
41.623
12,610
Portugal, Ac
1,169*554
37,152
Italy
though it may be sharp, will be brief, and that the state of
87,148
Denmark
11,723
the money market does not justify an alteration in the term*
Greece, Austria, Rou-mania, and Sweden
for accommodation. The crisis will probably ultimately lead
608,239
60,336
and Norway
1,631,319
393.1
L6
United States
to an easier condition of things in the money market, as speea
9*55,167
90,106
British North America.
lation will be kept in check for some time to come.
536,649
British Possessions....
131,243
801,381
453,130
India, Ao
This crisis, though it excites some considerable amount
3,748,106
Australia
387,548
103,838
11,737
attention, is not interfering with the general interests of th*
791.826
ma and Hong Kong.
16,127
country. The circle of speculators is comparatively restricted
19,449
Brazil
86,421
452,779 and trade is scarcely affected. Merchants, probably, are not
136.391
Japan
519.417
4,946.115
Other small States
1,056,455
2«9,057
••enumerated articles
displeased at the break-down of speculative factions, as the
operations engaged in are frequently so considerable that the
615
The
36,867
45,532
107,824
“
•
2,677,317
710,054
Lsss deciWWit.
Inc.
an ms,
of Dee.
1,967.263
Total Board of Trade returns, 1881
Do
do
1880
iaereftse an month of December
710,054
16,671,733
5,793,260
5,793,260
10,878,473
20,182,052 233,938,919
18,214,789 223,060,446
1,067.263
10,878,473
uncertain, and their owm
The trade of thff
country continues satisfactory, and the hopes which wet%
entertained towards the close of last year that 1882 will be •
year of fair average prospeiity are still likely to be fulfilled.
There is no reason for b^iieyin^ ic any unsounda®**, and aw
money market becomes sensitive and
calculations are rendered less trustworthy.
Fmbhbatit
disinclined to dspart- from the cautious
policy they have now adopted for a considerable time. The
following are the present quotations for money :
•bants still $eem
to be
Per cent.
5
Bank rata
pen-marKet rates—
raies—
Open-market
30 and 60 days’ bills
Percent.
Open-market rates—
4 months’ hank bills
41u^4s8
6 months’ bank bills
4%3>43s
4 & 6 months’ trade bills. 5
a-6
4%
4%a4-,%
The rates of interest allowed by the joint-stodk
discount houses for deposits remain as follows:
2
banks and
Per cen'.
3*2
3*2
3%
Joint-stock banks
JWecount houses at call
Do
with notice.
a
the present position of the
statement showing
the price of consols,
quotation for English wheat, the price of middling
upland cotton, and of No. 40 mule twist, fair 2d quality, and the
Bankers’ Clearing House return, compared with the three pre¬
Bank of England, the
Bank rate of discount,
the average
vious years :
Other
depo»i>s.
Hovernm’t securities.
Other securities
Bes’ve of notes &
1882.
1881.
1880.
1879
£
A
£
£
25,174,756
4,^33,855
26.073,240
26,738.160
32,155,758
5,670,664
23,7
7,21)0
24,7 18,953
3,"05.920
31,028,476
12,711.986
14,353,300
20.55 l,5-<2
13,674,002
4,275,64 /
30,132,775
17,804,788
18,238,132
16,519,941
\
22.137.585
coin LO,9 < 6.165
Qoin and bullion in
liabilities
Clearing-House ret’n.
*
Sales
of
home-grown
exports
3 p. c.
3 p. e.
9S78'1.
983s
45s. 7d.
9638
39s. Id.
ll*4d.
8S,375.000
5*e.l.
8%d.
77,383,000
OSgd.
*04 t.
99.637.OJO
92.994,000
Id.
lo^arl.
29,153,309 21,160,69$
5, L 13,800 3,288,608
17,037,000
14,832,000 H,592,300 20,602,000
46,071,039
of
45,650,152 45,859,900 45,051,301
produce
Total
The
1878-9.
1879-80.
1880-1.
1881-2.
25,909,729 25,293,218
3,124,310
5,524,934
Imports of wheat.cwt
Imports of flour
451,789
683,665
470,589
861,310
Result
45,619,250
Av’ge price of English
wheat for season (qr). 47s. 3d.
44,966,487
45,389,311
44,139,991
42s. Sd.
47s. 8d.
40«. lid.
23,600.000
31,000.000
wheat and flour
Visil»le supply
8 tu t es
2.64789—The
in Unit’d
bush. 17,400,000
following return shows the extent of the imports and
exports of cereal produce into and from the United Kingdom
during the first twenty-two weeks of the season, compared
with the corresponding period in the three previous seasons :
The
IMPORTS.
cwt.25,9 9,729
Barley
6,105,363
Oats
Peas
Beans
Indian
Flour
18->0-l.
1879-9.
1878-9.
25,-9^,213
(>,853,135
29,153,800
7,718,459
6,604,781
1,109,021
.1,288.391
9, *86,552
5,113,800
21,160 69$
5,961,209
421.324
7,585
41,795
71,759
l.">,561
820,482
65,08$
47,294
8,36$
3,519
138,4o8
40,828
1881-2.
Wheat
5,055.324
1,208.066
1,022.461
14,847,M8l
5,524,934
1,013,543
849,960
698,374
10,21!,9<>8
corn
3,124,310
5,449,651
798,67$
558,357
12,590,410
3,288,603
EXPORTS.
cwt.
Wheat
Barley
30,005,694
•3 % p. c.
42 b. 4d.
6*1 ied.
46>
placed on the British markets since harvest.
supply of wheat in the United States is also given :
Oats
Peas
5 p. e.
100
Bank rate
Consols
Eng. wheat, av. price
Mid. Upland rott. n ..
Ho. 40 mule twist
visible
12,849.909
24,686,242 28,258,101
f^both departments.. 20,400,000
Proportion of reserve
3.3-96
to
15,717,974
24,644.899
=1?
hare been
Deduct
months* bills
Annexed is
195
THE CHRONICLE
18, 1882.]
Beans
396,201
622,5S9
36,818
356,920
35,026
14,799
11,741
4o,l 53
17,8 24
149,406
61,076
64,871
55,->88
1.
Indian corn
Flour
274,366
Harket
fiiUlivti
416.362
43.765
llepom-Per Cable.
The daily closing quotations for securities; &c„ at London
gold in moderate quantities has been taken out of and for breadstutfs and provisions, at L’^rpool, are reported
the Bank on Paris account, and the price has been raised to by cable as follows for the week ending February 17 :
76s. 7d. per ounce. In bar gold, there have been no movements
Fri.
Thurs.
Wed.
Tues.
Mon.
Sat.
London.
•f importance. The American
-hange on London is quoted
52*8
52*8
52*8
52*8
52*8
d. 52*8
at 4 84, and there is some expectation that there will soon be a Silver, per oz
991316 100l16 1 00o16 lO05,6 100*8
999ie
Consols* for money
1009i6 100®i6 100*%
return movement in gold from the United States.
Silver has Consols for account
991310 1001,6 100%
8 2*5 X *2 S2*40
*?2"20
82-00
82-30
Fr’ch rentes (in Paris) fr. 82-30
been in fair demand, and the quotations have ruled firm, while (J. S. 5s ext’n’d into3*2S l'»3*2
L03%
L037t
103%
lo3%
103%
1 15*2 115%
L15*4
116%
116%
116%
Mexican dollats are rather dearer. India Council bills have U. 8. 4*28 of 1891
! 20
119%
t 19*2
120
120
119 78
Q. S. 4s of 1907
40*©
39*2
40*4
been sold this week a: Is. 8d. the rupee. The following prices Erie, common stook
41
40*2
40®8
135
134*2
135*4
138*2
138*2
138*2
Illinois Central
©f bullion are from Messrs. Pixley & Aoell’s circular :
63*8
62
61%
62*4
6 *2
62%
French
d.
t.
GOLD.
Pennsylvania
Philadelphia & Reading.
d.
8.
Vi>w York
gold, fine
per oz. standard
gold, containing 20 dwts. silver, per oz. standard
per oz.
Spanish doubloons
Bar
Bar
South American doubloons
per oz.
United States gold coin
per oz., none
Carman gold coin
a
Tt>
73 10*2 3)
73
9
here
per oz
J§ar
*
silver.fine
Bar silver,contaiu’g 5
Cake silver
Mexican dollars
per oz.
grs.gold.. 1
per oz.
standard.
per oz.
per oz.
per oz.
Chilian dollars
Quicksilver, £6 Os. Od.
cb
@
5-38
56*e
'S'
....
State.. 100 lb.
“
Spring, No. 2...
“
Winter, West., n
“
Wheat, No. 1, wh.
d.
52
5u5g
®
3>
o>
Discount, 3 per cent.
following are the rates for money current at the prin¬
cipal foreign centres :
npsn
rate.
market.
Pr. ct.
5
Pr. ct.
Fails
Berlin
Frankfort
Hamburg
Amsterdam
Brussels
Madrid and other
5
5
m
m
4
7
m
•
82
4*c
45*
4*3
4*4
6%
Vienna
st, Petersburg
Geneva
Genoa
Copenhagen...
Bombay
...
..
..
...
Bank
Open
rate.
Pr. ct.
market.
Pr. ct.
4
6
6
5
4
..
(1.
s.
3
8
6
2
6
! 4
v
National Banks.—The
organized
*a
4%
3*2
0
6
0
3
0
Thurs.
s.
d.
s.
d.
8.
d.
14
3
3
8
6
14
10
10
0
10
10
14
10
l<>
11
2
11
10
H
2
5
6
10
5
5 11
0
77
5 11
77
16
0
6
81
06
63
0
0
6
<>o
0
0
6
63
6
46
81
6
4
11
0
10 5
5 11
77
46
81
55
63
0
0
0
3
C
Fri.
cL
8.
14 $
10 $
to 4
It 0
10 3
5 11%
77
0
46 0
81 0
55 9
63 6
following national banks have bee*
:
First National Bank of Wahpeton, Dakota Territory. Cap! W. H. Hayward, President; A. J. Goodhme,
Cashier.
National Bank of Lorain, Ohio. Capital, $50,000.
President; Theo. F. Daniels, Cashier.
Tarry town National Bank. Tarrytown. N. Y. Capital, $10#,D. Ogden Bradley, President; William D. Humphrey*,
000.
9
quiet, and entirely devoid
of animation. Prices, however, have ruled firm, and at Liver¬
pool California wheat has realized rather more money. The
weather continues mild and heavy fogs have again prevailed
throughout the country. The appearance of the young crops^
however, is satisfactory. British farmers have been delivering
freely, the total for last week being estimated at 200,000
quarters. The following quantities of produce are estimated
to be afloat to the United Kingdom : Wheat, 2,745,000 quar¬
ters ; flour, 162,000 quarters ; Indian corn, 149,000 quarters.
Daring the week ended Jan. 21 the sales of home-grown
wheat in the 150 principal markets of England and Wales
•mounted to 50,015 quarters, against 36,933 quarters last year
•nd 36,903 quarters in 1880; while it is estimated that they
were in the whole kingdom 200,000 quarters, against 147,750
quarters and 147,620 quarters. Since harvest the sales in the
150 principal markets have been 982,902 quarters, against 855,683 quarters and 659,486 quarters ; the estimate for the whole
kingdom being 3,931,600 quarters, against 3,422,750 quarters
in the corresponding period of last season and 2,639,300 quar¬
ters in 1879-80
Without reckoning the supplies of produce
furnished ex-granary at the commencement of the season, it
* estimated that the following quantities of wheat and flour
10
d.
3
8
6
2
6
11
Wed.
31%
133%
tal, $50,000
2.625— The First
William A. Braman,
5
4
Spanish cities..
The trade for wheat has been very
10
Tues.
132 *2
Commercial and ITtisccUaueous IXcwjb.
334
6*4
5
14
133*4
133
Mon.
31*2
32
32*s
32*2
133*0
10
10
11
1 1
10
10
Cal. white
“
5 11*2 5
Corn, mix., West.
“
77
Pork, West, luess..^ bbl 77 0
46
Bacon, long clear, new.. 16 6
81
Beef, pr. mess, new,$te. 81 0
56
Lard, prime West. $ cwt. 56 3
64
Cheese. Am. choice, new 64 0
The
Bank
323s
133%
Sat.
Flour (ex.
d.
standard, nearest.
Central
Liverpool.
^
Tb
SILVER.
x
Cashier.
First National Bank of Locorro, New Mexico. Capital, $50,John W. Terry, President; NeanderS. Ernst, Cashier.
Van Wert National Bank, Van Wert, Ohio. ( spital, $100.-
000.
OuO.
John M. C. Marble,
Cashier.
President; William H. Pennell,
Olney National Bank, Olney, Illinois. Capital,
Spring, President; J. H. Seuseman, Cashier.
Imports and Exports for the Week.—The imports
H.
$00,000.
of 1m
week, shov
merchandise.
The total imports were $9,726 316, against $8,843,442 the pre¬
ceding week and $7,814,215 two weeks previous. The export*
week, compared with those of the preceding
a decrease in dry goods and an increase in general
for the week ended Feb. 14 amounted to $5,820,543, against
$6,969,200 last week and $6,517,309 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Feb. 9 and for the week ending: (for general
merchandise) Feb. 10; also totals since the beginning of Art!
week in January:
For Week.
Dry goods
Cen’l mer’dise..
Total
Since Jan. 1.
YORK.
1882.
1880.
1881.
$2,266,154
$2,336,319
$2,733,247
2,664,617
5.870,927
3,495,510
$2,851,939
0,874,377
$4,930,771
$3,207,246
$6,2 28,763
$9,720,31$
$11,540,131
$16,179,523
$14,590,472
1879.
Gen’l mer’dise..
21,939,270
36.319.406
27 832.057
18,190,759
37,539,188
Total 6 weeks
$33,479,401
*52,49«.929
$42,472,529
+55,735.8tT
Dry goods
•
FOREIGN IMPORTS AT NEW
THE CHRONICLE.
196
JVol. XXXIV.
:■
In
report of the dry goods trade will be found the imports
onr
for one week later.
The following is a statement
of dry gooas
of the exports (exclusive of
specie) from the port of New York to foreign ports
week ending February 14, and from January 1 to date :
YORK FOR THB WEEK.
EXPORTS FROM NEW
1882.
1831.
1880.
1879.
for the
For the week...
Prev. reported..
$7,301,103
29,372,838
$6,825,443
20,478,738
$7,399,102
35,8 L6,329
$5,820,543
Total 6 weeks
$37,173,991
$36,301,181
$43,215,431
$38,676,121
32,855,578
The following table shows the exports and imports of specie
at the port of New York for the week ending Feb. 11,
since Jan. 1,1SS2 :
and
EXPORTS AND IMPORT3 OF SPECIE AT
NEW YORK.
Imports.
Exports.
Gold.
Since Jan. 1.
Week.
$800,000
Great Britain
$4,000,640
$
$100,131
150,000
France
Germany
Since Jan. 1.
Week.
_
West Indies
Mexico
South America
All other countries
Total 1882
Total 1831
Total 1880
12,815
1,137
7,818
10,000
60,000
16,700
$310,000
$4,227,340
115,960
21,382
$234,604
4,617,295
8,0o0
274.990
15,028
732,402
$80,500
$1,28G,6S0
£
$11,193
6
$21,776
Silver.
Great Britain
23 5,000
45,000
France
84,084
40,010
56,314
4,035
3,000
Germany
West Indies
10,060
7-1,753
89,038
33,579
Mexico
South America
All other countries
258.920
$1,524,680
1,204,735
92,300
765,942
$125,500
Total 1882
Total 1881
Total 1880
140
14,465
1,000
4,684
$44,779
$194,3 33
69,139
127,527
287,813
456,870
imports for the week in 1882, $10,562 were
coin and $18,825 American silver coin. Of the
exports for the same time $810,000 were American gold coin.
Canton Company of Baltimore.—The Eoening Post says
to-day : “ We hear that the Canton Company of Baltimore have
sold to the Northern Pennsylvania [Northern Central ?] the
Union Railroad, which runs through the city of Baltimore for
$2 ,100,000, the purchaser in part payment assuming the
$1 ,500,000 bonded debt on the road and paying the remaining
$600,000 in cash or its equivalent
This leaves $1,073,000 of
the Canton dollar bonds and sterling bonds of $571,000, making
$1,544,000 bonded debt, against which the company has in
annuities, cash and sinking fund, $1,693,955, besides the
$600,000 received from the sale of the railroad. This leaves,
according to the statement of last June, a net balance in cash to
the credit of the Canton of $650,000. The landed estate of the
Of the above
American gold
as it was.”
Nashville Chattanooga & St.
.y
Railroad, between this city and Pacific, by
receipt of orders to reduce the working force. Ever since Jay
Grould purchased an interest in the road just such a notice has
been anticipated by interested parties/ Baring the past month
between 800 and 1,000 men have been engaged on the work.
Arthur Danahy, who has a contract for the heaviest part of
the grading, has about 500 men under him. Fruin & Swift
come next with nearly 300 me n, and smaller gangs are operated
by sub-contractors. Since the incipiencyof the enterprise it has
been pushed with utmost vigor, until now the work is over half
completed pretty nearly all the way. Contractors are loth to
comply with the order or request to reduce their working force
one-half until March 14, at which time, it is said, the St. Louis
6 San Francisco directors will meet to decide whether the
extension shall progress or be discontinued. The terms by
which they are bound, it is believed, gives the railroad company
the right to stop work when it chooses by paying for what has
been done. Upon this point, however, there seems to be some
doubt, as one of the contractors was looking for legal advice
yesterday to determine his rights under the contract.”
—The New York agent of the Hong Kong & Shanghai Bank¬
ing Corporation is in receipt of a telegram from his head
office in Hong Kong stating that the result of the half-year’s
operations, ending 31st December last, is a declaration of a divi¬
dend to the shareholders of one pound ten shillings per share
in addition to a bonus of ten shillings per share, and that a
further sum of $200,Of,0 has been added to the reserve fund
(raising that fund now to $2,100,000) and a balance of $6,309
has been carried forward to the current half-year’s account.
The quotation for the $125 shares is $277 50, or 122 per cent
premium.
—Attention is called to the card in to-day’s Chronicle of
Messrs. E. A. Mauriac & Co. This firm has been in existence for
some time, and the gentlemen composing it are well known in
the Street, while Mr. Mauriac, the senior member, has had large
experience in stock and bond dealings in his former connection
with the Fourth National Bank of this city.
& San Francisco
—The cotton trade will notice in our advertising columns the
card of Messrs. G-wathmey & Bloss of this city. This firm,
organized last year, is composed of gentlemen of large exper¬
ience in the cotton trade who are well known in this market
and the South.
monthly dividend of $30,000 has been declared
by the Homestake Mining Company (for January), payable on
the 25th, at Wells, Fargo & Co.’s, 65 Broadway. Transfers
—The usual
close
on
the 20th.
the redemption of the first mortgage
bonds, with accrued interest (on the
April, 1882), of the* Indianapolis Decatur & Springfield
—Notice is given- of
7 per cent, sinking fund
1st of
Railroad
Company.
—Car works
advertisement.
are
noticed for sale
on
another
page.
See
Canton remains
in January and
for
seven
BANKING AND FINANCIAL.
Louis.—Earnings and expenses
months
were as
follows
:
BANKING DEPARTMENT.
RECEIPTS.
months, TulyJanuary incl.
Seven
January.
,
1881.
1880-81.
1879-80.
$44,751
$48,364
$335,537
$312,553
100,466
124,310
3,623
8,151
3,623
1,844
753,761
25,367
38,360
852,171
24,896
13,260
$156,993
$178,143
$1,153,027
$1,202,886
$44,164
$186,218
$243,244
28,942
189,756
83,008
182,596
83,622
180,479
68,483
Passage
Freight
Mail
Rents and
,
1882.
privileges..
EXPENSES.
Maintenance of way
...
Motive power
Maintenance of cars...
$25,904
27,S07
11,941
32,471
189,897
20,409
55,773
$102,399
Surplus over oper. ex. $54,593
$137,929
$704,654
$448,372
$758,431
$10,214
46,013
39,410
314,955
273,724
Conducting transports
General expenses
Int’et on bonded debt
and taxes
12,623
26,866
9,197
Office
Philadelphia & Erie.—The report presented to the stock¬
Philadelphia & Erie Railroad Company
meeting to-day presents the business for the
past year: Total revenue, $3,454,309; operating expenses,
$2,430,060; net earnings, $1,024,248; from which extraordinary
operating expenses for construction of tracks, sidings, shops,
&c., amounting to $135,278, are deducted, making the actual
net earnings $888,970. To the latter sum is added net receipts
from rents, $4,835, making a total net revenue of $893,805.
From this are deducted charges for maintaining the organiza¬
tion, interest on equipment and drawbacks to the Allegheny
Valley Railroad, amounting to $211,055, leaving a balance of
$682,749. The interest paid on the funding debt was $1,077,995,
leaving a deficit for the year of $395,245.
Richmond & Alleghany.—In theVirginia Senate, Feb. 10, Mr.
Atkinson, of Richmond, introduced a bill to incorporate the
Alleghany Extension Railroad Company. The object of the
bill is to authorize the construction of a railroad from any
point beyond Lynchburg, Va., on the line of the Richmond &
&
HATCH,
No. 5 Nassau Street.
Xew
York, 1882.
which we
of Banks, Bankers, Business Firms and indi¬
viduals, we issue this Circular for the general information of those who
may desire to open accounts with a private banking house in this city.
We are prepared, on the terms mentioned below, to receive the
accounts of responsible parties in good standing.
In answer to numerous
letters of inquiry as to tlie terms on
receive deposit accounts
in the case of Banks, Savings Banks, or other well-known
Corporations, or of individuals or firms whose character and stand ing are already known to us, we require satisfactory references
before opening an account.
We allow interest at the rate of three per cent per annum on the
average monthly balances, when the same amount to $1,000 or
over.
On accounts averaging less than $1,000 for the month
1. Except
$144,455
holders of the
at thei» annual
of FISK
2.
we
allow
no
interest.
current, and credit interest as above, on the last
day of each month.
For parties keeping regular deposit acconuts with us wo collect and
credit United States, Railroad and other Coupons and dividends,payable iu this city, without charge; make careful inquiries, and give
the best information we can obtain respecting investments oi other
matters of financial interest to them; and in general serve their irterests in any way in which we can be of use to them iu our line of
3. We render accounts
4.
business.
5. We do not discount or buy
6.
commercial paper,
bulare at all times pre¬
United
pared to make advances to customers aud correspondents on
States Bonds or other first-class and marketable securities.
All deposits are subject to Check at Sight without notice.
of the New York Stock Exchange, and we
orders by mail, telegraph or iu person, for
sale of Bonds and Stocks on Commission.
One of our firm is a member
give particular attention to
the
purchase or
Alleghany Railroad, to the West Virginia line, and to consoli¬
We continue to buy and sell direct, without Commission, all issues and
date with any other railroad which would form a connecting
denominations of United States Bonds, for immediate delivery at current
line with the Richmond & Alleghany Railroad.
market rates, aud make exchanges for National Banks in the Banking
St. Louis & San Francisco.—The St. Louis Globe-Democrat
Department at Washington, without trouble to them.
says: “ No little uneasiness was occasioned among contractors
FISK & HATCH.
and men engaged upon the construction work of the St. Louis
'ghz fgaufcjers’
(Sa^jette.
dividends:
The following
dividends have recently be^n
Name of
Bos. &
Per
cent.
Company.
Railroad*.
N. Y. Air Line pref.
Chicago & Eastern Illinois
Del. <fc Bound Brook (quar.)
(quar.)
Falls & Sioux Cit3r
Norfolk & Western pref.
Iowa
(quar.)..
North Pennsylvania (quar.)
Shenandoah Valley pref. (quar.) .
NEW YORK,
anaonnoci:
When
Books Closed.
Payable.
(Days inclusive.)
1
1 Feb.
Mar.
Mar.
Feb.
134
$1 50 Mar.
Mar.
$1
Feb.
134
1
3
21 to Mar.
1
11
1 Feb. 16 to
15 Mar. 2 to
25
Mar.
7
$1
FRIDAY, FEBRUARY 17, 18S3-5 P.
M.
Market and Financial Situation.—The export
of specie last week was only $935,500.
This week the
shipments so far have been but little over $1,000,000, and
The Money
will go out in to-morrow’s steamers.
The decided break in prices at the Cotton and Produce
Exchanges, while entailing heavy losses on many of the specula¬
tors at those Boards, is considered wholesome for the general
trade situation, inasmuch as it will encourage a larger export
movement of produce and thus help to check the exports of gold.
Notwithstanding the favorable points above noticed, together
with the good reports of railroad earnings, the course of affairs
at the Stock Exchange has been disappointing to the holders of
stocks, and has hardly been accounted for by anything which
appears to the ordinary observer. It is conceded that some
large blocks of different stocks have come here from abroad
none
of any consequence
month, and as these were dumped on a market
already .pretty well loaded up, the effect was un¬
doubtedly greater than it would have been under other circum¬
stances.
Then we have had serious breaks in certain specialties
among the active stocks and bonds, which have exerted more or
less influence on the whole list. The first of these was
Wabash, which fell off so sharply near the end of December;
and since then the Denver & Rio Grande, C. C. & I. G. stock
and bonds, Boston Hartford & Erie bonds, Tennessee bonds,
American District Telegraph, and some other speculative
favorites, have fluctuated so widely as to exert a bad effect on
during the past
which
was
the rest of the market.
The bear element has also been
active and ready to take quick
advantage of any weak spot that was assailable,
tion arises whether the heaviest bull operators have
the market take its own course for a
and the ques¬
not recently let
while, seeing that no buoy¬
possible until a considerable liquidation in
place. These remarks pertain to the gener¬
al phases of the market, as they may appear to one who looks
further than the immediate quotations of the tape, and if the
views are approximately correct, they will account in a measure
for the irregular movement of stocks since the first of January.
Money has been more aetive, as a natural consequence of the
declining reserves of the banks, but more particularly from the,
shifting of stock loans and the greater scrutiny of collaterals.
The rates for money on call loans to stock borrowers took a wide
range—from 3 to 6 per cent.—and on Wednesday commissions
were also paid, in exceptional instances, as high as 1-32 of 1 per
cent. On Government collaterals call money is still loaned at 2
@3 per cent., and prime mercantile paper is quoted at 5%@6
ant movement was
stocks had first taken
percent.
England weekly statement on Thursday showed
gain of £1,400,000, and the percentage of reserve was 37%,
against 33% last week; the discount rate is unchanged at 6 per
The Bank of
a
cent.
The Bank of France shows an increase of 9,825,000 francs
gold and 5,900,000 francs silver.
of the New York
City Clearing-House
banks, issued Feb. 11, showed a decrease in their surplus re¬
serve of $2,330,650, the total surplus being $4,051,175, against
$6,381,825 the previous week.
The following table shows the changes from the previous week
and a comparison with the two preceding years :
The last statement
1882.
Feb. 11.
-
JDiffer nccs fr’m
])fevious iveck.
1881.
Feb. 12.
1880.
Feb. 14.
$938,500 $317,139,100 $290,445,200
54.746.500
67.800.600
63.229.500 Dec. 3,390,400
21,599,600
149,100
18,352,300
19,940.100 Dec.
310.651,300 Dec. 5,67 4.600 307,924,300 267,128, LOO
16,686,000
358,900
15,546,000
18.484.500 Dec.
Loansand die. $327,913,500 Dec.
Specie
Circulation...
Net deposits
.
Legal tendere.
Legal reserve.
Reserve held.
Surplus
197
CHRONICLE.
THE
18,1882.1
February
$77,662,825 Dec.$!,413.650
81,711,000 Dec. 3,749,300
$76,981,075
83.346.600
$66,782,025
71.432.500
$4,031,175 Dec.$2,330.650
$6,365,525
$4,650,475
:
jktt.
Exchange.—Foreign exchange is easier in tone, while the
leading drawers have not reduced their asking rates. Money
is easier in London, and this facilitates the discounting there of
our 60-day bills of exchange, which makes them more avail¬
able, and more in demand now than short sight. To-day the
actual rates are 4 84@4 84% for prime bankers’ 60-day sterling
and 4 89@4 89% for demand. Cable transfers 4 90%@4 91 and
prime commercial bills 4 82%@4 83.
The market for Continenental bills is weak, and the actual rates are as follows:
Francs, 5 13%@5 13% and 5 18%@5 19%; marks 94%@95%,
and guilders 40%@40%.
In domestic bills New York exchange was quoted to-day as
follows at the places named: Savannah, buying %, sell¬
ing %@% ; New Orleans, commercial, 100@150 premium ; Bank
200 premium; St. Louis, 25 discount; Chicago, 75 discount;
Boston, par.
been a fair average busi¬
without any special features worthy
The disturbance in the stock market and closer rates
United States Bonds.—There has
ness
in Government bonds,
of notice.
fraction.
have been as
for money caused prices to yield but a small
The closing prices at the New York Board
follows:
Interest
Periods.
Feb.
13.
Feb.
11.
Feb.
14.
Feb.
15.
*100% *100%
6s, continued at 3%.. J. & J. *100% *10L
58, continued at 3%.. Q.-Feb. U023g 102% 102% 10210
113%
4*28,1891
reg. Q.-Mar. *11334 *113% 1135a *114io
4%s,1891
coup. Q.-Mar. 11478 *114% *1145y
*118
llSlj *llRi8 *118
4s, 1907
reg. Q.-Jau.
118
11778
coup. Q.-Jan. 1181s 118%
4s, 1907
*127
*127
*127
68, cur’cy, 1895..reg. J. & J. *128
*128
*128
*128
6s, cur’cy, 1896..reg. J. & J. *129
*129
*129
*129
*130
J.
&
J.
6s, cur’ey, 1897..reg.
*130
*130
*130
68, cur’cy, 1898..reg. J. & J. *131
*131
*131
*131
6e, cur’cy. 1899..reg. J. & J. *132
*
This is the price bid at the morning:
State
Feb.
16.
Feb.
17.
*100% *100%
1017e
10l78
113% *113%
*114% *114%
11778 *117%
1177q 117%
*125
*126
*127
*128
*129
*125
*126
*127
*128
*129
board; no sale was made.
and Railroad Bonds.—In
State bonds, Tennesseea
recovered a little from the extreme
decline, closing at 53% to-day. There is nothing new as to the
decision against the funding law which was held unconstitu¬
tional on account of the tax-receivable quality of coupons, and it
is hardly thought probable that the Court will grant the applica¬
tion to have the law held valid, and carried out, with bonds
having ordinary coupons instead of tax-receivable. There have
been only moderate transactions in other bonds, and Louisiana
consols close at 66%.
Railroad bonds have been in fair request
at steady prices, except that the speculative bonds have varied
with their stocks. C. C. & I. C. incomes sold this morning at
57%. Erie 2d consols closed at 98%, Boston Hartford & Erie, 57.
Messrs. A. H. Muller & Son sold the following at auction this
have been active and have
week:
Shares.
Bank of Commerce
Bank of State of N. Y
Bank of America
Continental Bank
88 Mechanics’ Bank
10 Leather Manuf. Bank
20 Pacific Bank
151%
125%
1503*
25 Broadway Bank
10 Nassau Bank
50 Peter Cooper Fire
33 Tradesmen’s Nat.
235
3
5
11
8
Railroad
120
150%
173%
153
104
Ins.... 1963*
Bauk..l05
Shares.
SON. Y. Mut. Gasl. Co...993>98%
134 New York Gaslight Co... 122
76 Met. Gasl. Co., N.Y. 170^170%
84 Nat. Mech. Bank’g Ass’ii. 106%
2 Clinton Hall Ass’n
51
8 N. Y. City Ins. Co
65
127 Howard Ins. Co
lOT'dlOGk
Bonds.
$17,000 Citizens’ Gas Co. of
Rochester 1st 7s,due 1000;
March, 1881, coupons on. 89
and Miscellaneous
Stocks.—The stock market
irregular, and in such an uncertain condi¬
tion that it was impossible to predict for a single day ahead
what the turn in prices was likely to be. With each decline in
one stock or another there have been various reports to account
for it, but with such a fitful market as wre have at present
the average operator is more anxious to find out what is the
attitude of the great and controlling spirits of the stock specu¬
lation, as this has a more immediate and practical bearing on
prices than the monthly earnings, large traffic, &e., &c. Unfor¬
tunately, the information most desired is that which is usually
most difficult to obtain with any certainty, and the public is left
to deal in the light of such facts as appear on the surface. This
week the movements in such leading stocks as Denver & Rio
Grande, Louisville & Nashville, Hannibal & St. Joseph preferred,
Western Union Telegraph, and some others, are not very satis¬
factorily accounted for.
Of the N. J. Central stock it is reported that the Garrett-Gowen
party hold 92,000 shares, but a bill has been rushed through
both houses of the New Jersey Legislature permitting an issue of
more stock at par to retire bonded debt, and this bill now awaits
the Governor’s signature.
American District Telegraph has given notice of the issue of
more stock, presumably for the purpose of consolidation.
The C. C. & I. C. stock fell off still further on the adoption of
the proposed plan of adjustment, by which it has to pay a cash
has been feverish and
assessment.
THE CHRONICLE.
198
THE N. Y. STOCK EXCHANGE
RANGE IN PRIONS AT
HIGHEST
DAILY
STOCKS.
Feb. 11.
RAILROAD*.
Canada Southern
Cedar Falla it Minnesota
Central Iowa
Central of New Jersey
Central Pacific
Charlotte Columbia A Augusta
Chesapeake A duo
Do
lat vief.....
Do
2d pref
Chicago A Alton
Chicago Burlington & Quincy..
Chicago Milwaukee A St. Paul.
pref.
Do
Chicago A Northwestern.
Do
pref...
Chicago Koek lei. A Pacific..
Chicago SL L. A Newr Orleans..
Chicago St. Paul Minn. A Oin..
Do
pref.
Cincinnati Sandusky A t'iev..
Cleveland Col. Cin. A Ind
34 *3
A West.
2418
12‘JJs&
3 33 "8
I43*a
132*2
92
90 4
73
24
24*4
73
24
37
81
*75
35
82
*7*94 "80*4
'80
*4 132
914
94 10*4
*x 131
92”
92
10*8
13°8
126 4
127
70-4 71
14
*22 a4
13
pref..
107
80 4
89
234
234
224
234
pref..
Missouri Kansas A Texas
Missouri Pacific
Mobile A Ohio
2,010
224
354
500
: 3
J :m.
1,900
23
Feb. 15
30.0
*24
129*4 129*4
1*34*’ i.33 *4 13*4*4
1334134*4 13*2*4 13*34 3.3*3**
14 2*8 142 4
142
*1304
70 5s
694
13 4
14
92
66
11
95 4
95*4
106
10G34
22
11
94
94*4
7g
106
103
x*3*i*3*
133*4
454
23234
”774 *77*2
*130
90
i*3*234
43 4
34 4
104
9,200
100
131
*9*6
....
2,6-3
*1*64 "ii*b
i*24 4 12*5 4
63
4
33,915
83*7*5*6
243,598
05
7*58*6
13 4 13 4
22'
22
12
12
93
94
102
96
8
44
44
79 4
3,025
13=g
22*4
100
99 4 100*4
94
11
*75** **8*6”
13,500
1257e 124*8 1*2*5 \
61
67*12
69 4
13*4
214
2,195
344
100*4 100 Vi
76 4
10
22*4
132
*334 3*4*4
1.315
2,3oo
2,800
9,266
1,600
i3‘i34 i3*4
1317e
4,910
414
3,977
1104 1114
2,790
137.731
40
38
7e
33 4 33 V,
HI
Ul34
73 4
57 4
*96
73 4
5134
513.
884
904
33
111*4 112
61 ®8 51®e
33
304
13-4
304
134
84
s3,
73
*5*8*4 5*C
60 4
97 3x
*96
30
13 4
8
9?
3t
90 4
71
57
96
29 4
96
29 4
69 4
90
69 4
90
86*4
8G7b
86
894
86*4
71
Si
8t
484
484
47
41
46
4 U *11
*
36*4
7
36 4 36 3-i
102 4 103
28
29
37*4
024 103*4
32
32
35*4
73 4
.
79
17 L
*
26*.
55
35
29
29
28'
30 ®a
1014
28
108
108
107
107
39*,
76 4
77
7534
70
!
170
25 4
75 4
70
171
243
*165
24
31
73
18
32
23 4
33 4
31*4
12«34 131
384
74*4
227
257
32
33V
100 ’-4 HH Si
264 23 V
*72*8 *74*
75
544
*2*9 4 30**4
225
246
35
394
134
'
7e
384
624
28*4
33 4
6 24
134
294
225 4
261
223
259
304
31'
57*4
23,9-6)
s2o
i 65
97
4.
4
*12
4
170
24
*5*3** **5*43
34*4
73*8
187e
334
714
16*8
314
3 i 7a
pref.
..
Colorado Coal A Iron
Delaware A H udson Canal
Hew York A Texas Laud
Oregon Railway A Nav. Co
il.
Pacific Mail
Pullman Palace Car
Sntro Tunnel
West-Union TeU, «x-ceitilicates
EXPRESS.
Audama
American
United States
11034 1114
47'Hi 48
12 4
12 4
118 '*8 1184
36 4 36 4
71
110
71
1104
4634 4734
61*
59*4
27
222
260
25 4 28
215
224 4
259
263
29
30 4
109
109
42*4 45 4
1*174 118*4 i*17” i*18**
10 4 104
116 4 117 4
36
664
67
66 *4
384
384
434
39
43
364
67
42
10841084
42
42
*4*3*4 4*3 4
34
3,
8130
810
434
1084 1084
14*6” 1*4*6
43*4
137
138 4139
58
\
804
43 34
137 4
81
148
92
7634
126
►145
148
92
934
7634
126
754
128
148
92
75*4
128
110
45
34 4
35 34
614
664
294
33
80
38 4
*34”
544
54 ®8
90 4
30*8
57
34 4
6134
109
4134
60
33 4 337,
101
1024
28 4 28 4
-
11,114
1,300
824
394
4,725
34.7 57
1,250
5
500
74
75 4
1304 131
T05
108
39
39-4
7»534 77
168
170 4
15,900
87.7 .->8
610
65,67.)
4,590
106
25>4
22,940
53 4 -54 4
34 4
34
72 4 73 4
8,875
2A34
184
19*4
32
32
5 725
122.189
22.393
4.6.50
400
61
62
Mining
Little Pittsburg M:ining
Mariposa Land A Mining
424
20
35
Quicksilver Mining
Do
pref
Standard Consol. Mining
43
42
42
137
134
135
434
27
29
219
225
260
260
29 4 295e
20
20
*30
35
*»3
85
38 4 39 4
534
54 4
90
90
4,380
100
9,010
40,750
5,520
8.010
1364 136 4
3*
J4
80 4
8134
414
135
135 4
3,
34
794 80 34
135
a4
80*4
1474 *144
1474 '146
91
92
92
914 924
76
75
75
75*4 76
*124
127
1264 1264 T24
T44
484
86 7,
127
156
1334 182**
1014 129*4
11634 140
117
136
1314 1474
129
the price* fcld aaft ashed—nu sale was
10941094
43
60
40 4
107
*4*3*4
134
44
50
41
1073e
*1®8
1-s
124
60
17
35
*34 4
35
60
*164
60
17
124
*58
16 4
*34 4
124
42 4
136
1,680
3,200
92,116
1,350
44.500
34,733
94.500
72 4 Feb.
128 4 Jail.
105
Jan.
38 4 Jail.
754 Feb.
168
24
20
53
Feb.
Feb.
J an.
Feb.
33-\ Feb.'
TO
17
F b.
Feb
30
4 Feb.
18
60
190
27 4
18 4
14
Feb.
Jan.
Jan.
Feb.
584 Jan.
Jan.
Jun.
Feb.
Jan.
Jan.
16*a
*164
*6*4
14
*17
24
35
*24
i’7”
1**41
24
5*
92
Fob.
Jan.
Jau.
Jan.
Jan.
90
52
21
61
1484
88
51
1094
684
1014
142
954
32 4
77
131
1134
88
21
33
124
350
L21
106
1464
674
804
56
11
304 Feb. 15
Feb. 15
57
60
Feb.
42
30
622
205
180
400
*
*2*0*6
145
Jan.
91
75
Feb.
Feb.
Feb.
126
304 Feb.
15-4 Jau.
14 .1 an.
Jan.
2
33
240
12
300
67
200
14
360
*70*6
250
100
J an.
Jan.
Jau.
Jan.
Jan.
3134 Jan.
Jan.
1
5
Jan
4 Jan.
17
Feb.
2*4 Jan.
v
■
Jan*
*4
Feb. 14
Jan. 13
108=fc Feb. 7
495a Jan. 10
140
Jan. 19
45 4 Feb.
3
145
Jan. 18
1
Jan.
3
82 34 Jan. 16
**69*4
18
24
9
15
6
93
41
77 34 126
84 3. 1264
42
644
23
304
214 Feb. 4 22
4334 Jan. 16 39
92
Jan. 16 85
464 Jan. 25 39
66*12 Jau. 26 65
1064 Jan. 17 90
30 34 Feb.
8 26
71
Jan. 20 70
115 4 Jan. 17 884
514 Jan. 14 414
17 4 J an.
7 15
11934 Jau. 16 1054
33*4
38 4 Jan. 14
714Jan. 14 644
45
228
1104
1174
594
.....
-
1,005 128 Jau.
39 4 Jan.
24,200
2,650 129 4 Jan.
3,500
4 Feb.
147,609 76 4 Jan.
68
38
.
Feb. 16
Feb. ’5
9
Jan.
108 4 Jan. !6
x>)
4134 F’eb.
10 4 Feb. 15
4
114 -2 Jail.
31
a
16
16
11
11
65*4
1364
624
39-4 Jail. 14 34 7(_
85
.104 4 Jan. 28
13
3'>3. Jau. 21
18*4
15 123 4 Jan. 14 118
87 4 Jau. 14 63
13534 J an. 14 130:4
96
109 4 Jan. 27
39 34
43 4 Jan. 14
85
Jan. 14
80-4
172
Feb. 4 104*4
28:V Jan. 14 25
20
Jan.
6 23 4
5S34 Jan. 11 53
32 34
37 4 Jau. 14
77*4 Jan. 14 64 *e
21
25 4 Jan. 14
384 Jan. 14 35
18
23 4 Jau. 16
75
3 64
Jan.
Jau. 6 190
31 195
15
374 Jan. 14 27*4
17
67 4 Jan.
7 50
7 135 4 Feb.
3 127
19 140
Jan. 17 130
16 40
Jau.
5 35
4 250
Feb. 7 994
10 263
Feb. 15 122
31 4 Feb. 11 22
11
90
26
68
14 Feb.
made at the Board.
3
Jan.
Jan.
7
14
19
Jan.
75
60 4
98 4
32
15 4
35)
Feb.
6,315
4,605 1054 Jau.
20.600
....
*i*3** *13*
62
”**i
*24
.
184 Feb.
'
*314
*240
**12*7a *1*4 ‘
28
Feb
120 4 Feb.
634 Feb.
700
*16
34 4
*240
.
740
**3*0*6
45
*7*84 **8*04
*31
*17 4
19
Jail.
Feb.
Jan.
974 Jan.
i*6634
Feu. 11
Jail. 28
leu. 10
Jan. 16
9\ Jan.
3
82-V Jan. 18
95-4 Feb.
25
11
7
4,258
8,102
31.600
148
147 4 ►144
92 4
92 4 *90
*74 4 764
76
*124
127
126
31
Feb
70 4 Feb
48 4 Jsill.
25
179
150
24 4 Jan.
20
Jan.
32
Feb.
80
Feb.
38 4 Feb.
100
300
*40
134*
41*4. 42 4
S&rmont Mtoing
are
434
124
40-4
1074
107 *4107*4
Cameron Coal
Central Arizona Mining
Deauwood Mining
Excelsior Mining
New Central Coal
Robinson Mining
SilverCliff Mining
Tfosse
109-4
50
1084
*14
Pennsylvania Coal
*
33
32 4
23
Jan. 19 ”4*9* Jan. 19
l'Vb. 16
374 Jan. 14
29
4 1157*, Jan. 14
109 4 J an.
Jail. 28 52 4 Feb. 11
50
124
139
114 15 7e
1234
il6 4 117 4 1174 U7\
314 32 4
30*2 824
57
594 60*4
594
60
43
44
42
108
42
137
30 4
*18
Homestake
Ontario Silver Mining
.
84
Jail.
83 4 Jan.
45
Jan.
20
Jan.
60
.Tan.
32
ten.
86
*29** *2*9*4
111
464
Consolidation Coal
Maryland Coal
204
2
40
16
334
6
91
25
414
16
81
7
1274
82
27
18 34
13
23
60
.1
an.
21
107
122cq
66
Feb. 16
61
it
761
84
Jail.
Fed. 16
13
21 *c Feb. ’.5
26*2 J an. IS
16
Jail. 18
Feu. 15
8
8
Feb.
Fel). 16 110
91
Feb. 10 1114 Jan.
91
9
Jan. 23
80
86, Jan. 14
4 137 4 Feb.
3
127 :J4 .1 m.
Feb.
16
38
4S78Jau. 14
66 4 Feu.
*28** 2*9*
624
.
Wells, Fargo A Co
COAL AND MINING.
4
1.620
30 7a
DliSC EI. LAN EO L >.
American District Telegraph
6
131
J au.
79 V2 Feb.
33*4 Feb.
97 4 Jan.
50
.Tail.
764 Feb.
133
.1 an.
Jail.
87
9*4 Fel).
Jan.
65
87
27 4
60 4
90
pref
Do
3
4
86
85 4
St. Paul A Duluth
.
4
21,200
’*69 4 70*
..
—
3
4
G9 4
**69** *72*
pref.
1st pref.
Toledo Delplios A Burlingtou
Pnion Pacific
Wabash St. Louis A Pacilic
5
24
6
16
25
68
7034
pref.
Do
70
3
2
56 *2 Jan. 16
21
7
Jan.
4
37*4 Jan.
97 *4 Feb. 10
94 7t Jan. 14
75*2 Feb. 7
26
Jan.
7
3734 Jan. 14
.)
14
2 6 :*4
an.
8
1 35 >•) Feb.
138 “ Jan. 27
lH>7fa Jan. U
Jan. 16
1-.3
2
136
Feb.
2
Feb.
145
135
Jan. 13
1
>4
Feb.
37*2 Jan. 14
Jan. 14
102
57 *2 Jan. 14
84
Jan. 14
137 *2 Jau. 21
2
104
Feb.
2 1 78 J an.
7
Jan. 23
66
3
128 *2 Feb.
7 4 r'g Jail. 20
84
J n.
9
Jan. 14
16
15
14
29 4
4
69 4
St. Louis A Sun Francisco....
ML. Paul Minueap. A Manitoba.
Texas A Pacific
89
3934 Jan.
85 i8 Feb.
26
2,160
1,500
,*.**.. *2*6*
39
30
95*74*6
800
394
^71
254 26**
*94
29
87 4
......
32
100
28
74
108
3,200
554
..7
G6 4
84 4
85 4
454
•>
63
31
97
1*8
*3*4 4
4
96
1204121
*76*
*74
39 4
62 4
30
1104 1114
50 4
50
85*4
108
3334
2074 216
2354 237
31
314
70
57
130-4 131-4 1293? 130 7s
72 4
134
70*8
514
13 L
714
634
354
101 »4 103
28
294
814
Oregon A Trans-Continental
Panama, Trust Co. certificates.
33*4
60
36 4
12134
20
03
134
29
20
10
60
*
584
30
*87*8 *89
>■
68 4
90
88*4
704
30 32 4
1094 1114
51
51
l:
73
90 4
86'*8
Peoria Dccatui A Evansville...
i
16
720 128
Jan.
3.779 1324 J an.
62,152 104 *2 Jau.
830 1 19 *4 Jan.
J an.
30.579 121
3,240 1. 6*2 Jan.
*
134
108*8 109
12 4
00
.
*23” ”””
107*4 1084
22:<4
Ohio Central
Ohio A Mississippi
Ohio Soutiiern
Do
Do
874
10834
11
95 34
L
Do
31,335
107
125 4
pref
Rochester A Pittsburg
Rome Watertown A Ogdeusb’g
(it. LouisAllou A Terre Haute.
90 34
90
133 4 134
i25 4 126 3; 12*5 4 126 4
12134
Morris A Essex
78 4
Nashville Chattanooga A St. L. ”814 *814
130 4 131 4 130*4
New York Central A Hudson
108
*107
109
New York Elevated
39 4 3Q 4
394
New York Lake Erie A West..
78
78 4
76*4
Do
"
4=
pref.
*......
170
1-0
New York New Haven A Hart
2
6
26
34
25-4
New Y ork Ontario A Western ..
Norfolk A Western
Philadelphia A Reading
Pittsburg Ft. Wayne A Chic
Rensselaer A Saratoga
Rich.A Allegh., stock trust ctfs.
Richmond A Duuville
Richmond A West Point
93 *6
334
92*8
135
9*4
96*8
96'V
108->6 106 4 107
*3*34
Feb.
Feb.
Jau.
J an.
Ja 11.
Feb.
F. b.
128 4 128 4
1424
1314 1314
Jail.
33*2
134
142
14 3 4 1414 142
132 4 132 4 1314132
'
81
33 4 34 4
34 34 35*4
99 4 10o*4
100 4 100*4
61
51
77 4 78 4
784 784
'Too
3
39 3< Jan.
81 4 Jan. 12
4834
35*4
35
24
60
100
200
107 2 -7
134
104
”96 ” ”92 4
JL)o
224
23
25
94
45 4
22*4
884
1284130
2234
814
70
92 34
90 H70
89 7s
*32
*33
23
*
Memphis A Ch* ^ston
Metropolitan Elft
ted
Michigan Central..
Milwaukee L. sb. A West., pref
Minneapolis A St. Louis
i..
90 34
13
34 4
1114 HL4
514 52 4
Louisville New Albany A Chic.
Manhattan
Dt
let pref
each Co
...
Manhattan
Marietta A u
cimiati, 1st pref
2d
Do
pref.
pref
90
23 4
34 4
Louisiana A Missouri River..
Louisville A Nashville
Do
*34 4 *3*4*4
94 4
90 4
92*4
1084109 4
70:,4
Jan. 23
32*4 •Ian. 18
70*4 Feb. 4
6
1,700
11,910
*
High
6 133
Jau.
604
604
504
49
514
4834
Low.
Highest.
48
Long Island
Do
16
91”
69 34
135;,4 136
46
46*4
Lake shore
Northern Pacific
52*4
16
33 4 34 ■
25
25
130
130
135
135*4
”14*4 *1*4*’ *1*4
96*%
5134
"92**
90
84
*78
*
354
35 4
100*4 1004
10u34 101
Lowest.
130
130
684
68 4
69 34
JgJ
Range Since Jan. 1, 1882.
324 Jan. 18
”9*334 *9*6*4
97
91
122*4 1214 122
133 4 1344
135
1434 1424 143
132 4 132*4 132 >4
82
35 4
Green Bay
?.*
954
*34
25
25
25
1314
*xl30
135*f» 135 *s
135 Vi 135*2 1354 13534
109 4 109*2 108 4 109*4
Bast Tennessee Va. A Ga
Winona A St. Paul.
Hannibal A KL Joseph
Do
pref..
Houston A Texas Central
Illinois Central
Indiana blomn’n A West., new.
Keokuk A Des Moines
Do
pref..
I*ke Erie A Western
53
37
*34
25
Dubuque A Sioux City
Do
34 *a
97**
9614
91*4
Cleveland A Pittsburg guar
Columbia A Greenville, pref.
Columbus Clue. A 1 lid. Central.
Delaware Lackawanna
Denver A ltio Grande
53
53
Feb. 17.
Feb. 16.
*80
85
Sales of
the Week,
Shares.
Friday,
130
69**
* 79*
*80
52
PRICES.
*125
135
684
FOR THE WEEK, AND SINCE JAN. 1, 1881.
Thursday,
15.'
Feb.
Feb1. 14.
*
,
.
68 *2
68 Va
pref...
Buffalo PittPhurg A Western...
Rapids
A No.
Burlington Cellar
Do
Danbury A Norwalk
*130
130
Albany A Susquehanna
Boston AN. V. Air-Line
id-ty,
Monday,
Feb. 13.
Saturday,
AND LOWEST
fv«. XXXIV.
704
54
1144
394
131
102
155
1304
527t
964
190
434
264
70
51
884
374
60
374
83
200
674
744
142
146
80
171
1744
60
604
774
1434
56
814
1164
424
894
1134
734
38
1314
60
964
744
67
1164
.49
fl90
624
flCl
1494 Jan. 10 120
94 4 Jan. 17 62 aJ
514
80 *4 Jau. 26
130 4Jan." 5 112
3f>7e Jan. 16
1934 Feb. 4
2
Jan. 14
24J°5. 25
Jan. 20
26
35
245
14 4
62 4
174
37
1
Jan.
Jan.
Jau.
Jau.
Jau.
Jau.
J an.
23
16
14
19
4
12
4
64 Feb. 3
1 4 Feb. 17
20
Jan. 9
4' Jan. 28
2 V Jan.
5
14
&
*>
44
91
Ask.
Bid.
Bid.
1883
101
117
105
10-<
^
114
6s, loan, 1892
6s, loan, 1893
class 2
class 3
103
120
121
Rhode Island—
7
85
7
10
101
103
534
6s, new, 1892-8-1900
6s, new series, 1914 ....
Virginia—6s, old
6s, new, 1866
6s, new, 1867
.
68, consol, bonds
„
68, ex-matured conpow..
6s, consol., 2d series
1
Gs, deferred
53
40
89
60
44
114
15H
1064
10634
Registered
Funding 5s, 1899
Do
w small
Do
"
53
33
33
83
District of Columbia—
3 65s, 1924
Small bonds
117
6s, coupon, 1893-99
1893
Tennessee—6s, old. 1892-8
107
6s, 1886
122
......
4s, 1910
Consol.
Small
Ohio—
111
111
Brown consol’n 6s.
15
15
4
6
5
4
Special tax, class 1, ’98-9
Do
Do
6s, Act Mar. 23, 1839 >
non-fundable, 1S88.. (
10
Do
A.&O
Chatham RR
......
102
102
6s, loan, 1891
118
66 '
a
1094
111*4
1114
Ynn.ii, 188/5
fis
108
115
Funding act, 1866-1900.
Do
1868-1898.
New bonds, J.&J., ’92-8
109 4
A syl’m nr TTniv., due ’92
Funding. 1894-’95
Hannibal & St. Jo., ’86.
do
’87.
Do
Now York—
6s, gold, reg., 1887
fis gold, coup., 1887
102 4
••
1064
6s, duo 1886
33
27
30
25
27
14 4
No. Carolina RR., J.&J.
Do
A.&O
Do
coup, off, J.&J.
Do
coup, oft, A.&O.
Aak.
South Carolina—
25
25
135
135
115
115
10
old, J.&J.
6s, old, A.& O
100
68, due 1882 or 1883
20
20
23
21
20
gjoirt, louu
^
1890
Missouri—
9910
Miss O. & R. R. RR.
78. Ai'KailSRH L,euu xvav.
O^fltlfeOLlCUlr—URt XOOO *x • •
Louisiana—
814
84
100 **
7s'
78,
fis
7s
Arkansas—
6a, funded, loUO-iauy...
7«. L. Rock ofc ri. o. *s»7s- Merap. oi i^IvOck
7* L R P B.&N.O. RR
78, new, loob.....
78, endorsed, looo .5.
N. Carolina—6s,
on l.
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.
-
Alabama—
Claas A, 3 to 5,190b....
Class A, 2 to 5, small....
ku
i on«
Chassis, t>H,iyuo
Class C, 48, 19Ub
609 lu-^us, iuw
MISCELLANEOUS SECURITIES.
AND RAILROAD
BONDS
BONDS. AND
STATE
SECURITIES.
-T
—
—
—
QUOTATIONS OF STATE
SECURITIES.
199
THE CHRONICLE.
18, 1882. J
Febsuary
110
-
j
110
registered
7b, small
Railroad Bonds.
|
^le- Central—1st, 6s, 1918
1st mortgage,
......
he—4 4,1920
Ati’c & Par, 1st,6s, 1910
Bftlt.&O. — ISt, Do, X IK. Dl.
B4N& H
E.—lfit niort.Bur Ced R..& No.—1 st. 5s
*364
9834
loL, i o
6e, curreucy,
int. def
......
49
121
tS8
J 25 4
105 4
304
115
113 4 1*4
112 4
105
107 4
107
100
133
132
117
118
118
117
117 w,
117
120
120
....
AkM. &St. P.—1 st.8s, P. D.
Sdm.,7 3-10, P. D., 1898
1st ni.,7s,$g„R.D.,1902
let m„ LaC. Div., 1893..
1 at-
m
1 at
n\
105
1
1 R07
T
AV A(
A. 06 Rlt, A Oil I
Ill.,
T At n
1 QUO
Ill., A. 06 AJ*, AOi/«l
p
m
.& Af
. . . ■
. . . .
i una
-
.
1102 4
1st, 7 s, L& b. Ext., 1908 115 ~ 116
1*03
8.W. Div., 1st, 6s, 1909.
93 "8 94 4
1st, 5s, La.& Daw, 1910.
103 V
IstS. Minn.Div.,6s, 1910 1034
1st m., II. & D., 7s, 1910 1113 4 114
107
Ch.& Pac. Div., 6s, 1910 106
94
1st Chie.& P.VV.,5s, 1921 t
Miu’l Pt. Div., 5s, 1910.
110
4L& N.west.—S.l, 7s, 1885 107
kd jnnrt,
7H 1884
......
Interest bonds, 7s, 1883
Consol, bonds, 7s, 1915..
Extension bonds, 7s,
1st mort., 7s, 1885
’85
1314 133
1074
A
i
io7 4
108
124;V 126
124 4 126
111
......
101 4
ioi
......
120
Midl’nd—1st, m 8s
Peninsula—1st in., eonv. t!20
Chicago & Mil.—1st m.. 117
Iowa
l imL
Mad:—1st,6s,1905
*
■0. C. C.& Ind’s—lsl,7s,s. f 1125
Consol, mort., 7s, 1914.,,
C St.L.&N.O.-Ten.lien,7H 115
115
let m., con., 7s, 1897
0. St. P.M.& O.—Cons., 6s 100
C.St.P.&M.—Ist.0s,l918
Wise.—1st, 6s, 1930.
120
110 4
103
2d, 6s, 1926
130
120
134
2d mort., 1891
7s, ’94...
let, Pa. Div., on.,7s,1917 i
Reg., 7s, 1917
1st, cons., guar. 7 s. 1906
P.?ns. et frai -if„. ejup.
l<t iuo:t., res...
125
*
yj
‘l'niva nwniuai.
T
-
Kent’ky
...
100 4
1114
IVllCII. o.
Mich. So. & N.I. s.fd. 7s
Cleve. & lol.- Sink. Id..
New bonds* 7s, 1886..
Cleve. P. & A eh - 7e
—
108
IU94
109
......
Union Pacific—1st mort.
Land grants, 7s, '87-9.
115
tl U
1
^
i
*1
..
115
Consol., reg.,
r,ouisv..&
2d, 7s
*119
89
80
104 4
103
Funded coups., 7s. ’95.
Atch.C.&P. -1st,6s,1905
At. Jew. Co.&W.—1st,fis
Utah So.—Gen., 7s, 1909
77
1054 1064
90
89
107 4
110
109
114
121
125
125
125
124
121 4
N.—Cons,7s,’98
So. Pacific of Mo!—1st in
Tex. & Pac.—1st,6s,1905
129
1274
Consol., fis, 1905
125 4
Income &
S.& N.Ala.—S.f.,6s,1910
Leban’n-Kuo
6^,1931
L. Erie & W.—1st, 6s.l919
Sandusky Div.. 6s, 1919.
Laf. B1.& M.- 1st, 6s, 1919
IiOiiiav.N. A lh.*y.(—1 at,,6s
Man hat. B’ch Co.—7s. 1899
N. Y.& M.B’li—1st,7 s,’97
Hi <11 li
lt (V
G6
Vill*
,inIOl/j
( O.
97
103
98
105
105
109
Pitts. Ft. W.&Ch.—lstm
2d mort., 7s, 1912
3d mort, 7s, 1912
105
98
194
103
103
1014 103
6s. 1909
100
2d
m..
guar.,
100 4 10034
90 4
89
Roeh.&
Pitt.—1st,fis, 1921
Registered, 5s, 1931
.Tack. r,an.&. 8—fis, 1891
Mil.&No.—1st,4-5-6s,1910
Mil. L.S.&W.—1st68,1921
95 4
Minn.&St.L.—1st 78,1927
Ex.—1st, 78, 1909.
3d
H. & Cent. Mo.—1st,’90.
Mobile & O.—New in., 6s.
*90
Peoria D. & Ev.—Incomes
Evansv. Div.— 111c.. 1920
Rocli. & Pitts.—Inc., 1921
S. Caro.R’y.—Inc..fis,193L
St. Louis I. Mt. & So.—
......
1324 135
131
125
94
i’06
ltieh.&Airg.—1st,7s,1920
91
127
..
R’y—lst,6s,1920
*
2d, fis, 1921
So. Car’a
113
Collar. Trust, 6s,
130
......
*
*
Plain Income fis, 1896..
Sterling Mtn. R’y Inc..’95
St. L.A.& 1’. H.—Div. b’nds
Tol.Del.& B.—Ino.fis,191(>
91 *
92 4
106
Georgia
109
......
105
101
99
Railroad—7s
6s
83
....
.
106 4
101
Kansas &
2d mort
Long
Neb.—1st mort..
Island—1st mort..
.
2d mort
Memph.&Char.—lst.oous.
1st, consol., Tenu. lieu..
110
105
107
......
87
......
Miss. Central—1st in.,
2d mort., 8s
N. O. & Jackson—1st,
74
76
40
50
964
......
40
......
Friday—Close are latest qiotatixu
50
20
luy
19
‘
4*.
111
**
109^1
cU
7s^
2d mort
Northeast., S.C.—lstm. ,8s
2d mort., 8s
Joseph & Pac.—1st m.
2d niort
St. Jos. &
......
-2
West’n—Stock.
Soutliw. Ga.—Coiiv. 7s,’86
Stock
- * * - --Tex. & St. L.—1st, 68,1910
Western, N. C.—lsi. 7s...
-
Wis.Cent.—lstseries, new
2d series, new
made this wee*.
9o
Oil
100
1 LO
loO
115
14f
1102
8*2 4 91
\&o
tiz £
no
1 aUo
85
87
27
112
118
12i
11 L
-•••••
no
114
113
116
106
101
107
8s. 108
Certificate, 2d inert.. 8s. 116
N.Y.&U’nw’d H—1st,78,n
St.
......
......
42
39
40
(ytrnker's Quotations.)
Va. State— s’ ew 10-40s...
Atl. & Gulf—Consol.7s,*97
Cin.Ind.St. L.& C.—1st,6s
Galv.H.& Hen.—7H,g.,’7L
10t)34 107
106
117
384
* Miscellaneous List,
894
.
...
’
70
Dayton Div.—fis, 1910..
Tex.&St.L.—L.g.,inc.l920
......
\ No price
"
6ft
60
60
St’gi.&R’y—Ser.B.,mc.’94
120
Tex.Ceu.—lst.s.f.,7s, 1909 1107
90
1154 Tol. Del. & Bur.—Main, fis
4 Nhsh.Chat.& St.L—1st, 7s
85
*
1910
1st,
Dayt.
Div.,
fis,
118
2d, 6s, 1901
1st, Ter’l trust, 6s, 1910
103
1034
130
N. Y. Central—6s, 1883
85
84
W. St. L. & P.—Gen. m.t fis
108
125 4
6s, 1887
844 86
Chic.
Div.—5s, 1910
1023,4
6s, real estate, 1883
92
*
Hav. Div.—fis, 1910
6s, subscription, 1883.. 1024
Tol.P.&W.—1st. 78,1917 110
N. Y. C. & H.—lstm.,cp. 133 4
92
Iowa Div.—6s, 1921
1st mort., reg., 1903 .. 133
135
Ind’polia Div.—fis, 1921.
Huds. R.—7s, £d, s. f.,’85 111
95
Detroit Div.—fis, 1921..
9334 94
Canada 8o.—1st, int. gu.
114 4
82
Cairo
1931.
Div.—5s,
135
Harlem—1st
m.,
7s,
103 4
cp..
100
Wabash—Mort. 7s of 09
1st snort., 7s. reg..1900
103
i And accrued interest.
’
1st, 7s, prof, int acciim. *
2d, fis, int. acc’niulative
106 4
St.L.Aitou & T.H.—1st 111.
2d mort., pref., 7s, 1894. *105
2d mort., income, 7s, ’94
Belleville&S.lll.—lstm.
80 4 St.P.Minn.& Man.—1st,7s
80
2d mort., fis, 1909
103 4 104
Dakota Ext.—fis, 1910
67
1084 St. P. & Dili.—1st,5s, 1931
1892. 100
Morgan’s La.&Te.x.lst.Gs
’
Ogdeusb.&L.C.—luc. 192(1
135
Gen.c.r’y& l.g.,5s,1931..
*108
*98
--
......
Arkansas Br.—1st mort.
Cairo & Fulton—1st m..
Cairo Ark. & T.—1st m.
II434
11134
,
75
55
77
.
100
100
.
52
60
......
......
.
Q1
101
89
89
..
Coupon, 5s, 1931
^
.
50
*50
*75
Laf.Bl.&Mun.—Inc.7s, ’99^
Mil. L. S. & W.—Incomen,
Atl.dfc Charlotte—1st, 7s..
1254 125 4 Rieli.&Dan v.—Cons.g., fis.
Income, fis
Atl. & Ch.—1st, p.,7s, 1897
105
98
Stock
Inc., 1900
105
Car. Central—1st, fis, 1928
Scioto Val.—1st. cons., 7s. *102
Cent. Ga.—Consol, in., 7s.
115
.984 St. Louis & I. Mount.—1st 107
Stock
4 1084
2d mort., 78, 1897
.
.
Q*
If JUD
U • V V »• 1
Lake E. & W.—Inc. 7s, ’99
Sand’kv Div.—Inc.. 1920 *
r
7s, 1898.
Trust Co. certificates...
•
.
59
75
......
......
89
89
IT
_
54 4
Trust Co. certificates...
North.—‘2d Inn.
2d assented, fis, 1909
UUlllgll W
...
.
......
60
s
.
.
A
*85
...
1O04
33
*
pref. debentures
4tli pref. dehentiireA
*97 4 100
N. Y. LakeE.& W.—Inc.fis.
104
104 4 N.Y. P.&O.—lstinc.ac.5-7 *41
104
N.O. M.& 'l’ex.—Deb.scrip
384
Ohio Cent.—Income, 1920
*90
Min’I Div.—Inc.7a. 1921
64®8 644
35
8034 80 34 Ohio So.—2d Inc., fis, 1921
87
Pits.B’d.&B.—lst.0s.1911
<
Equipm’nt bonds, 8s,’83
118
103
......
Tut. & (It.
r
*110
7s, 1909
1st, Tr’t Co. etts., ass’d 119
2d, Tr’t Co. ctfs., ass'd *118
1st,Tr’t Co.ctfs.,suppl. 118
St.L. V.&T. 11.—lst,g., / s
2d mort., 7s, 1898
......
.
112
1064
2d con.,
102
1014
1014
Clev.&Pittsb.—Cous., s.l
*112
4th mort., fis, 1892
Col. Ch.& I. C.— 1st, cons 125
116
4*
I’d gr., reg.
Ist.RioG.Div.,fis,1930
Pennsylvania RR—
Pa. Co’s guar. 4 4s 1st c.
Registered, 1921
122
105
57
....
97
-
3-6s, class B, 1906
1st, 6s, Peirce C. & O.
Equipment, 7s, 1895..
94
......
109
112
100
100
120
118
......
Dfie.&Spr’d—2d me.
I nd
1064 108
*100
..
2d mort., 78. gold, 1883. 1024
112 4
Ceeiliau Br’cfi—7s, 1907 *109
N.O.&Mob.—lst,6s,l 930
E. H. &N.—1st, 6s,1919
Gen’l mort., 6s, 1930..
Pensacola Div—6s, 1920
St. L. Div.—1st, 6s. 1921
2d mort., 3s, 1980
Nasliv. & Dec.—1st, 7s.
100
55 3H
Col.Chio.&I.C.—Inc.7s.’90
Cent. Ia.—Coup.deb.certs.
Chie.St.P.&M.—L.g.iuc.fis
Chic. & E. Ill.—Inc., 1907
Des M&Ft.D.—1st, I uc.,6s
E.T. Va.&G.—111c.,fis, 1931
Eliz.C.&No.— 2d Inc., 1970
G’ RayW.& St. P.—2(1,1 lie.
1 ud.Bl.&West.—Inc..1919
100
Mo. Pac.—1st consol., fis
3d mortgage, 7s. 1906.
Pacific of Mo.—1st, 6s
2d mort., 7s, 1891
Sf T. & S F
2d fis el A
1 90fi
fi-fi^ e.la.H.4
10734 109
...
......
—.
115
Consol., coup., 1st., 7s
Consol., reg., 1st. 7s...
Consol., coup., 2d, 7s..
(Interest payable if rurnf.-l.)
Ala. Cent.—Inc. Gs, 1918.
Atl. & Pac.—Inc., 1910.. *
102
Central of N. .1.-1908
Chie.St.L.&N.O.—2d,1907 100
Sinking funds, 8s,’93
Registered 8s, 1893...
112
*
Collateral trust, 6s
1 iO
Kans. Pac.—1st, 6s,’95 *
'110
*
1st m., 6s, 1896
Deu.Div.,6s,ass'd,’99 108
1st cons., fis, 1919... 102 *34 103
Cent. Br. U. Pac.—1st,6s 100
100
t
io5
*.04 4
105 *<2
loy -4 111 4
104
1014
1 lfi
117
11 fi
115
122 4
West. Pac.—Bonds, 6s
So. Pac. of Cal.—1st, 6s.
till
95
104
Cal.& Oregon—1st m..
State Aid bonds,7s,’84
Land grant bonds, 6s.
111 4 112^4
106 *<i 107
Det M & T
1st 78,1906
Lake Shore—Div. bonds
60
*
109
105
125
104
109
9 La4
107 4
102
1044
1.38
,
'
Cen’.—M.,6s.1911
IuIKd ijUUIc 06
103
ioi
»
......
-Tat.iUOb*
:»b;
109
108
Gt. West.—1st, 7s, ’88.
95 4 97
Pac.—G.l.gr.,lstcon.6s
103
2d mort., 7s. 1893
Registered fis, 1921
105
88
89 4
Q. & T.—1st, 7s, 1890.
N. O. Pac.—1st, fis,g.,1920
Ill.&S.I.-lst, 7s, 1882 *
Norf.&W.—G.l.m.,0s, 1931 1024 1024
Han.& Naples—1st, 7«
1184
OI110& Miss.—Consol, s. f.
120
St.L.K.C.&N.—K.e.,7« 106 4
Consolidated 7s, 1898... 118
L21 4 122
Om.Div.—1st mort., 7s *111
2d consolidated, 7s,1911
122
Clariuda Br.—fis, 1919
lstm., Spriugtield Div.. 121
97
St. Clias. Br.—1st, fis.. *
9fise
Ohio Cent.—1st, 6s, 1920.
No. Missouri—1st. 7s.
1194
964
lstm., Ter’l Tr., fis, 1920
West.1T. Tftl.—1900, coup.
1st
Div,
(is, 1991
1174
89
1900. reg
'9034
Ohio 80.—1st M., Gs, 1921.
N. W. Telegraph—7s. 1904
01 egon&Cal.—1st,6s, 1921
107 4 Spring Val. W. W.—1st, fis
Panama—S.F. sub.fis,1897
Oregon RR.&Nav.—l»t,fis 1064
Peona Dec. & Ev.—1st, 6s 104
105
Evans. Div.,1st, 6s. 1920
1L4
4
Pac. RRs.—C.Pac.—G.,0s. 113
111 *2
INCOME BONDS.
San Joaquin Branch..
......
1 *i,
..
Int.&Gt.No.-1st. 6s gold
110**
105
Equipm’t bonds,7«, ’83
*107 4
......
113
108
at..7•
......
..
Alb. & Susu.T-lst in., 7s
2d mort., 78.1885
-j
1911
5s
1123
1st mort., reg.,
:■>, .
1 *4 f. -io.'J -v ” -c.-
2d
......
lstm.,consol., guar.,7s 12334 125
••l.&H.C.—lstin.,7s, 1884 105 4
115
1st mort., 7s, 1891
let mort., ext., 7s, 1891. till
119
1st mort., coup., 7s, ’94. t
,
Indianap.D &Spr.—lst,7s
Cons., assented, 1904-6.
2d mort., income, 1911..
7s of 1871-1901
R:c Gr.
+
U15
Bonds, 7s,1900
OhFOi.,
91
S’tliw. Ex.—1st, 7s,1910
Pac. Ex.—1st, 6s, 1921.
Mo. K. & T.—Gen.,con., 6s
8jr.Bing.&
N. Y.—1st,7s
Moms & Essex—1st in.
'
......
Consolidated 6s. 1911...
Houston & Texas Cent.—
1st mort., 1. gt\. 7s
1st mort., West. Div., 7s
1st mort., Waco & N„ 7s
2d, consol., main line, 8s
2d, Waco & N„ 8s. 1915
Gen. mort., 6s, 1921
111.Cent.—Dub.& S. C., 1 st
Dub. & S. C., 2d Div., 7s
Ced. F. & Minn.—1st ni.
Ind. B1.& W.—1st, pref., 7s
1st mort.. 3-4-5-6s, 1909
2d mort., 3 4 5-6s. 1909.
Iowa
D«L L. & W.—7s, conv. ’92
Mort. 7s 1907
.
lst,6s
7s, 1005
sterling
ho
Metrop’lit’n El.—1st,1908
125 4
2d mort., 6s, 1899
125
Mich.Cent.—Con.,7s, 1902
1st mort., 8s, 1882, 8. f..
1124 11234
8t.P.&S.C.—lHt 6s 1919
1st.
96
115
Marq.—M.6s,1921
2d mort.,
......
ino.8
—
Clilc.& E.lll.—1st,sf.,cur.
Ool.& Green.—1st,6s,1916
Lei,a
«
......
1st mort.,
2d mort., 7s, 1907
No.
.....
......
Coupon gold, 7s, 1902...
Reg., gold, 7s, 1902
Sinking fund, 6s, 1929..
Sinking fund, leg
Sinking fund. 5s, 1929
Oinking fund, leg
Mil.&
t98
Bay VV. &St. P.—1st. 6s
Gulf Col. & S. Fe—7s, 1909
103 "8
126 4 126 4
103
iiL 1
6s, 190o
•-
......
G.
120
-
Leh.&W B.—Con.g’d.as.
lOt
s
115
1902...
...
130 4 1304
115
123 4
Han. & St. Jos.— 8s. conv.
Bentralof N.J.—lstin.,’90
Alu. D K oi>
Fl’t&P
104
115
Miss.R.Br’gc—lst.s.f. 6s
* B.&Q.—8 p.c., 1st in..’83
Consol mort., 7s, 1903..
5e, sinking fund, 1901..
Iowa Div.—S.F.,5s,1919
Iowa Div.—S.F.,4s,19I9
* R.I.& P.-6s,coup.,1917
5s, 1917, registered
Keo.& Des M.—1st, g.,5s
Conr., assented,
vr
-c- q \v
dal TTn.r.<?'. 8. 4nt.’o
..
Joliet & Chicago—1st m.
La. & Mo.—1st m., guar.
2d mort., 7s, 1900
Bfc. L. Jaek.& Cli.—1st m
1st, guar. (564), 7s, ’94
2d m. (360), 7s, 1898..
2d, guar. (188), 7s, ’98.
*110
2d, consol., fd. cp„ 5s.
r.nf
81
49
804
1903..
Sinking fund, 6s,
108
st,consol., gold, 7s.l920
Long Dock bonds.Ts, ’93
Butt.N. Y.&E.—1st, 1916
N.Y.L.E.&W.-New2d,6
Eng.—1st, 7s. *114
110
..
7s, 1883
Income
1074 108
mort’.,
1 80
N.
107 4
1
102
...
lot ill
1 L“/I1
4th
ext’d, 5s, 1920
oth mort., ext., 7s, 1888.
1st m.,
......
ext’d 5s, 1919-
57 4
1124
Oheasp. & O.—Pur. m’y fd.
08, gold, 861*168 A, 1VU&.
6s. 1920..
I
N.—Gen.,6s,1910
N.Y.&. New
2d mort.,
9J7fl
West.—1st. 7s i()5 4
ia.F.&N.—1st,6s 111
•antral To wa—1st. 7s. ’99
^mLligU Ou
763b
W.St.L.& P.—CentiinitMl—
Tol. & W.—1st, ext.,7fi
1st, St. L. Div., 78,1889
2d mort.,ext., 7s. ’93.
.117
|N. Y. Eiev'd—1st, 7s. 1906
N. V. Pa.&O.—Pr.rn.6s.’95 ;100
......
76
N.Y.C.&
97
120
+
Iowa C,&
C Rap
QUM1* L/Ol. 06 Aug.
11534
1900
Divisional 5s, 1930
ctoc/t jhJCi/lt-iiilyo ITibio./
Atch. T. & S.
AND MISCELLANEOUS SECURITIES.
BONDS
RAILROAD
E.T. Va.&Ga.—Ist7s,
10
120
112
89
28
11
llli
111
120
4ft
16
*••••«
••••««
3#
14
••••••
120
VO
100
75
47
8#
107
80
5#
New Tork Local
Price.
Price.
Companies.
Marked thus (*) are
not National.
Am. Exchange
RowAry
Broadway
Butchers’ & Drov’rs’
Central
Chase
Chatham
Chemical;
148 1130
122k 125
,
•
•
•
•
•
.
r
„
,
#
.
.
.
.
,
•
Bowery
Broadway.
Brooklyn
,
....
•
•
•
Citizens’
160
City
i.783
Clinton
Columbia
Commercial
Continental
....
Commerce
Continental
Corn Exchange*
Bast River
Eleventh Ward*
—
Fifth
Fifth Avenue*
First
Fourth
Fulton
Gallatin
German American*.
German Exchange*.
Germania*
Greenwich*
Hanover
Imp. and Traders’...
Irving....”.
Island City*
Leather Manut’trs’.
Manhattan*
Marine
Market
Mechanics’
-Mechanics’ Assoc’n.
Mechanics’ & Tr’drs’
Mercantile
Merchants’
Merchants’ Exch’ge
Metropolis*
100
100
100
100
25
25
100
100
100
100
30
50
75
100
100
25
100
100
50
50
100
50
100
100
25
50
25
100
50
50
100
Metropolitan
100
Murray Hill*
Nassau*....
100
100
100
100
100
100
70
30
25
50
100
25
Mount Morris*
ft
New York
New York County...
N. Y. Nat’l Exch’ge.
Ninth
North America*
North River*
Oriental*
Pacific*
Park
90
50
100
100
100
100
100
100
100
100
40
50
100
100
Produce*
Republic
St. Nicholas
Seventh Ward
Second
Shoe and Leather...
Sixth
State of New York..
Third ‘
Tradesmen’s
Union
United States
k'•
West Side*
Gas and
240
150
•
•
•
.
151
120
160
103
•
•
....
....
123
133
100
•
Farragut
Firemen's
Firemen’s Trust.
Franklin & Emp....
•
•
••
•
...
•
....
German-American.
12)
Germania
Greenwich
Guardian
Hamilton
••
•
•
•
•
•
.
...
....
Hanover
Hoffman
Home
Howard
...
.
133
•
•
•
/.
....
132
....
.
Globe..
....
....
.
Empire City
Exchange
•
•
Importers’ & Tr’d’rs
Irving....
Jefferson
....
»•
...
.
•
•
.
•
...
98
....
101
....
•
•
....
•
....
.
....
100
....
.
123
....
100
....
108
....
.
•
•
•
•
.
151
157k 160
143
Park
Peter
io3v
Cooper
People’s
....
•
•
•
•
•
•
•
•
144
....
125
.
.
Phenix
Relief
....
....
Republic
Rutgers’
...
....
Standard
....
Star..
....
•
125
Sterling
Stuyvesant
....
105
150
Tradesmen’s..
United States.
Westchester.
106
*
-
....
Brooklyn Gas Light Co
Citizens’Gas Co (Bklyn)
bonds
r
-
T
r
T
*
Williamsburg City
....
bonds
bonds
Nassau, Brooklyn
Amount. Period
25
20
2,000,000 Var.
1,200,000 Var.
315,000 A. & O.
1,850.000 F.&A.
750,000 J.& J.
4,000,000 J. & J.
2,500,000 M.& S.
1,000,000 F.& A
;01
160
125
300
70
130
155
85
152
no
98
70
150
210
60
114
75
80
no
65
135
luo
145
155
80
125
118
160
120
140
110
75
70
195
110
215
120
195
lie
155
85
85
155
125
90
05
90
130
120
260
bonds
Nov.,
Jan.,
do
bonds
Fulton Municipal
Feb.,
July,
Dec.,
&
7s
do
Fort Scott &
Gulf 7s
Hartford & Erie 7s
K. citv Lawreuce & So. 49...
Kan. City. St. Jo.&C. B. “s. .
Little R’k & Ft. Smith, 7s,1st
Mexican Central, 7s
New York & New Eng.
do
6s....
7s
...
& So. Pac. 73...
Ogdensburg & Lake Ch. 6s...
New Mexico
Old Colony,7s
Old Colony, 68
Pueblo & Ark. Valley,
Rutland 6s,1st mort
Lehigh Valley, lst,6s,cp., 1898 123
do reg., 1893... 123
125
do
do 2d m. 7s, reg., 1910.. 134
do
con. m.,6a,rg.,1923 120k 122
do
do
6s,cp.,19.j3
Little Schuylkill, 1st m.7s,’82
51% 54% N. O. Pac., 1st in.. 6s, 1920 ...
105k North. Penn. 1st m. 6s, cp.,’85.
do
2d m. 7s,cp.,’96.
175%
do gen. m. 7e, cp., 1903.
110k in
ias
do gen. m. 7s, reg., 1908
80
105
do new loan ts,reg...
100k 107
102k
103k
U0% Norf’k&West.,gen. m.,6s,l£31
ii*2k 114 Oil Creek 1st m. 7s, coup.,’SL 100% 102
04
tTttst). Tltusv. & B., 7s, cp.,’96
®.00*
....
8s..
x
104
Chi'*. & W. Michigan
Cin. Sandusky & Ulev........
*24
Concord
id’s
Connecticut River
Passumpsic
Connotton Valley.....
Brooklyn City—Stock
100
1,500,000 J.&D.
2,000,000 Q-F.
1,000
10
300,000 M.&N.
200,000 Q—T.
400,000 Q.-J.
1,000
1st mortgage
Broadway (Brooklyn)—Stock ..
Brooklyn Crosstown.—St’k....
1st mortgage bonds
Bushwick Av. (B’klyn)—Stock.
Central Pk. N. & E. Kiv.—Stock
-
900,000 J. & J.
694,000 J. & J.
2,100,000 Q-J.
100
1,000
100
100
300,000 ,). & J
500,000 J. & J.
1,000
100
100
1,800,000 Q-J.
Consolidated mort. bonds
1,000 1,200,000 J.&D.
100
650,000 F.& A.
Christopher & Tenth St.—Stock
Bonds
1,000
250,000 J. & J.
100 1,200,000 Q-F.
Bry Dock E.B.& Batt’ry—Stock
500&C
1st mortgage, consolidated
900,000 J.&D.
100 1,000,000 Q-J.
Eighth Avenue—Stock
..
1,000
1st mortgage
42d St. & Grand St. Ferry—St’k
let mortgage
Central Cross Town—Stock ....
1st mortgage
Houst.West St.& Pav.F’y—St’k
1st mortgage
Second Avenue—Stock
3d mortgage
Consol, convertible
Sixth Avenue—Stock
1st mortgage
Third Avenue—Stock
1st mortgage
Twenty-third 8treet—Stock.
1st mortgage....
Thla co'.u
nn
100
1,000
100
1,000
100
500
100
..
J. & J.
M.&N.
A.&O.
AL&N.
j.’& j!
1,199,500 j. & j.
150,000 A.&O.
1,000
1,000
1,050,000 M.&N.
200,000 M.& S.
750,000 M.&N.
1,000
500,000 J. & J.
100 2,000,000 Q-F.
1,000 2,000,000 J. & J.
100
600,000 F.&A.
tOO&C
100
Extension
203,000
748,000
230,000
000,000
200,000
250,000
500,000
,
1.000
shows last dividend
on
250.000 M.& N
75
24%
92
17
31
Conn. &
Eastern
Eastern
32
(Maes.)
(New Hampshire)...
135
Fitchburg
Flint &Pere
do
22k
Marq
94
pref
120
Fort Scott & Gulf, pref
do
common.
'80
Iowa Falla & Sioux City
58k
Lltue Rock & Fort Smith.... 103
Manchester & Lawrence....
Mar. Hough. & Ont
iio
80
83
59
60
51
England...
Hampshire...
Norwich* Worcester
Ogdensb.& L.Champlain ...
109
155
36
Northern of N.
pref..
do
33
125k 120
Portland Saco & Portsmouth
Pullman Palace Car
..
Rutland, preferred
.. x
Revere
59
30
do
18
27
35
43
17
pref
CatawlBsa
54
do
pref
54
do
new pref
125
Delaware & Bound Brook....
50
East Pennsylvania
40
Elmira & Williamsport.......
do
pref.. 58
do
71
Har. P. Mt. Joy & Lancaster.
29
I
Jan., ’62
24
J’ly,10Ooi 113
Jan.,
June
V2'l50
’84! 104
Nov., ’81 203
! 102
’82 170
1882 1150
1888
j 102
Jan., ’82 120
Jan., ’82 138
an.,
Dec. 1902! 118
Feb., *82) 95
1898
I100
Feb., *82 230
June, ’93] 115
Jan., ’82 200
Jan.. ’8J ioo
Nov., ’81 200
Apr., ’03 110
67
Nov.1904 105
60
July. ’94 105
145
Jan., '82
Apr., ’65 103
Oct., ’80 108
Sept. ’83 145
Oct., ’81 260
July, NO 110
’82 200
Fe »
.July, ’90! V 9
IFeb
|M«v
,’91'150
*93 110
stocks, but the date of maturity boncu.
'
56%,
Norfolk & Western, pref..
do
do
com.
North
61k!
0ik
106
Norristown
04
Pennsylvania
30
186k
West Chester consol, pref....
West Jersey
West Jersey & Atlantic
CANAL STOCKS.
Lehigh Navigation....,
_
do
pref...
RAILROAD BONDS.
Allegheny Vai..73-108,1896...
do
7s, E. ext.,1910
do
Inc. 7b, end., ’94.
Belvldere Dela. 1st m.,6s,1902.
do
2d m. 6s. ’85..
do
3d m. 6s, ’37..
Camden &Amucv oo.^oup.’bb
12k
120
no
55
13
121
55U
117
i06k
io3k
100
.
tons.,
6p. c
Cam. & Burlington Co. 6S/9?.1
*
default.
104
‘Ob'
95
25
—
i-v.
100k 107
80
07k
101'
102k
111k
120
110
112k
....
112
Lehigh Navlga. m.,«8,
SO
108
reg.,’84
do
mort. RR., rg ,’97
do cons. m.78,^rg.,191!
Morris, boat loan, reg., 1S85..
iie’k il7
Pennsylvania 6b, coup., 1910..
Schuylk. Nav.lst ra.6s.rg.,’97.
107
91
1907
2d m. 6s,reg.,
BALTIMORE.
Maryland 6s, defense, J.& J...
93
103k
6s, exempt, 1887
do
6s, 1890, quarterly..
do
5s, quarterly
Baltimore 6b, 1S34, quarterly.
do
6s, 1866, J.& J
110
do
6s, 1890, quarterly...
do
6s, park, 1890,Q.—M.
do
6b, 1898.M.& S
do
6s,exempt,’98,M.&S.
do
6s, 1900, Q —J
do
68,1302, J. &J
121k
do
5b, 1916, new
Par. 195
200
100
pref..
2d pref..
Wash. Branch. 100
Parkersb’g Br..50
do
do
do
Northern Central
Western Maryland
Central Ohio, common
Pittahu g & Coiinellfeville.
50
50
50
103k’....
1
t Per share.
121%
8
10
49%
50k
15
47
107k
122
Pittsb.* ConneirBV.7B,’98,J&J
Northern Central 6s, ’85, J&J 105k 1C0
.
fce.o
107
mort. 6s.’S3
.13k 114
Cam. & Atl. 1st m. 7s,g.,1893 118
do
m.
cur.
2d
7s, R79.. 105
do
6s,.1909
120k
121
Schuylkill Navigation
do
do
68
RAILROAD BONDS.
107
Balt. & Ohio 6s, 1885,A.&O.
N. W. Va. 3d m.,guar.,’85,J&J
165
Pennsylvania
cons.
Norfolk water, 8s
60%, 00k
railroad stocks.
16k; Balt.* Ohio
30k 30%'
do
1st
Pennsylvania
Philadelphia* Erie
Pnlladelphia & Reading
Philadelphia* TrentoD
Phlla.Wiimlng. & Baltimore.
Pittsb. Cin. & St. Louie, com.
sst. Paul & DuluthR.K. Com
do
do
pref.
United N. J. Companies
i05k
W. Jersey & All. lstm. Ss, cp.
Western Penn. RR. 6b,oj>.’93 108
do
6a P. B.,’’96.
CANAL BONDS.
89
Ches. & Del.. 1st m., 6b, 1886
105
ao
57k
Nesquehoulng Valley
*
55
57
110
'74
istm. 6s, cp.,’96.
lstm. 7s,’99
do
oik
103%
95%
6s,coup.,’8i
Pltts.Cln.&St. L. 7s, cou.,1900
do
7s, reg., 1900
do
Rich.* Danv.c0n3.int.6s,19 5 116
Shamokin V.& Pottsv. 7s, 1901
Steubenv. & Ind. 1st, 6s, 1884.
5
17k
Huntingdon* Broad Top...
do
do pref.
Lehigh Valley...
Schuylkill
Little
*98
Phil.&R.Coal*lr’n dcb.7s.92* '65
do
deb. 7s. cps.off
do mort., 7s, 189*2-3
Phlla. Wllm. * Balt. 6s, ’84....
do
do
do
Atlantic—
ao
106
7s, R. C., 1893
7s, coup, off,’93
do
132
’.
alo6 Kdotts^ &7W estern'.!!
pref.
120
105
do conv.
100
8T0CKS4
H7k
Stony Creek 1st m.7s -1907...-.
Sunb. Haz. & W.,tat m.,5s.’23.
137
do
2d in. 63. ;939..
24 k
Sunbury & Erie 1 st m. 7s, ’97..
Syra.Gen.* CornV,lsr,76,1905
Texas & Pac. 1st in.,6s, g.,19C5
do
Rio Grande Div...
do
cons. m.,6s,g.,1905
do
Inc.& 1. gr.,7s 1915
Onion & Tltusv. 1st m. 7s, ’90.
United N.J. cons. m. 6s,’94..
Warren & F. 1st m.7s, ’96
West Chester cons. 78, ’91
West Jersey 6s, deb.,coup.,’80
23
Beach & Lynn
Vermont & Massachusetts..
Worcester* Nashua
Wisconsin Central
ao
pref
PHI L A DE IilMi 1A.
STATE AND CITY BONDS.
123k
123k
po
do
5s,’. 920
Phlla. Newt’n & N.Y.. 1st m.
117
Phil.* R. i6tm.6s,ex.due 1910
do 1
do
1910
120
do
2d m., 78, cp..93
125
do
cons. m..7s,cp., 1911
113
do cons.m.63,g.iKC1911
do Imp.m.,6s,g,f U. 1897
do gen. m. 63, g., C.lfOS 96% 96k
97
!00
do In. m.,7s,coup.,'896.
do deb. coup,, 1^93*....
62
co
do
CDup. off, 1893
82k
do scrip, 1892
Qnt..pref.. x
Mar. Hoagh. &
N ahsua& Lowell
New York & New
124
Phil.Wilm.&Ba t.,4s,Tr.certs
114
Phlla. & Erie.2d hi. 7s, cp.,’S8
do
cons. mort. 6s.\920
165
58
Cheshlrepreferred
Pa.& N.Y.C. & RR. 7b,1896
do
1906
Penneylv.,gen. m. 6s, cp.,1910
do
gen. m. 6s, rg.,1910.
do
cons.m. 6s, rg., 1905.
do
cons.m. 6s, cp., 1905.
do
do
5a..
Penn. Co., 6s. reg
do
do
4%s
fo
do
co ip., 1920
Perklomen 1st m.
145k
Ailnehlll
Bleecker St. Sc Fult. Ferry—St’k
1st mortgage
Broadway & Seventh Av- St’k
1st mortgage
84%
..
168
..
Scrip.,..
do
100V.
Atchison & Topeka
Boston* Albany
Boston & Lowell
Boston & Maine".
Boston & Providence
1120
..
STOCKS.
Camden &
l
2d mort. 6s, 1900
do
84
7s
Vermont*Mass. RR.,6s
Vermont & Canada, new
Buff
[Quotations by H. L. Grant, Broker, 145 Broadway.]
«•!
•
.....
RAILROAD
750,000 M.&N.
1,500,0001
117
1900
7s
Pas8ump8ic,78,1897.
’83
Connottjn Valley. 7a .. ....
109
ftaeiern,Mass.,4>$s,new. ...
Fitchburg KR., 6s
mm.
Feb.,
1,000,000 M.&N.
new
Harrisburg 1st mort. 6s, ’83... 102k 103k
H. & B. T. 1st m. 7s. gold, ’90.
80
do
cons. m. 58, 1395....
89k
114
Ithaca* Athens 1st g d, 7s.,’90
102k
Junction 1st mort. 6s, ’82..
83k
Quincy 4^..
Chicago Burl. &
£0
..
Albany 7s
do
68
Boston & Lowell 78
do
6s
Boston & Providence 7a
3url. & Mo., land grant 7s....
do
Nebr. 6s
Ex
103
do
Nebr. 6s
do
Nebr.4s
1894-1904
3,000,000
'ioo
28
income..
uoston «ss
•
Chartlers Val., let m.7s.C.,1901
Delaware mort.. 6s, various..
Del. & Bound Br., 1st, 7s, 1905 121
East Penn. 1st mort.7e, ’88
E1.& W’msport, let m.^s.’SC.
do
58,perp
Et»6ton & Amboy, 5s
7a
Boston & Maine
Bid. Aa\
Connecting 6s, 1900-1904
landinc.Ss..
Atlantic & Paclfl?, 6s.
Philadelphia,58 reg.....
do 6s,n., rg., prior to 9p
do 48, various
189b
4,000,000 M.&N.
100
100
Metropolitan, Brooklyn
Municipal
Catawissa let,7s, conv., ’82...
do
chat, m., 10s,’88...
189^1902
50 1,000,000 Quar.
1,000 1,000,000 A.& O.
Williamsburg
118k
Penna. 5s, K’d*
cp*
do
5s, reg., 1S82-18J2. .... 115
do
5s, new, reg.,
do
68,10-15, reg., 1377- 82.
Rm
i>n9r,. rear.. l88*2-’92.
do
6s,15-25,
reg.,!882-’92
do
4a, reg.,
1,000,000 J. * J.
1,000
375,000 M.&N.
Var.
125,000 Var.
50
406,000 F.& A.
Bonds.....
Bonds
Central of New York
118
Tcpeka 1st m.7s
land grant 7e
Old Colony............
700,000 M.&N.
Va*.
100
10
scrip
People's (Brooklyn)
do
....
125
92
112
120
5,000,000 Quar.
1,000 1,000,000 F.& A.
Var.
25 1,000,000
Mutual, N. V
do
New York
Par.
50
20
50
100
500
100
Metropolitan
do
155
no
225
*200
200
100
125
150
60
1(3
245
240
1 93
Prentiss, Broker, 17 Wall Street.]
1,C00
Jersey City & Hoboken
Manhattan
do
Ask.
City Railroad Stocks and Ronds.
Gas Companies.
v--:
(Brooklyn)..
National
New York Equitable
New York Fire
New York & Boston
New York City....
Niagara
North River
Pacific
[Gas Quotations oy ueorge H.
do
Harlem
Nassau
.
.
(B’klyn)
Lorillard
Manufac’rs’* Build.
Manhattan
Mech. & Traders’...
Mechanics’ (B’klyn).
Mercantile....
Merchants’....
Montauk (Brooklyn)
...
....
•
(
145
143
•
•
•
.
•
Lamar.
Lenox.
Lone Island
120
....
•
Lafayette (Br’klyn).
....
119
130
•
Knickerbocker
•
•
150
iCS
140
•
•
Kings County (Bkn.)
•
•
....
....
.
•
•
....
95
235
220
85
100
118
87
105
115
185
150
120
270
65
120
150
75
!45
100
9C
6)
145
19*0
53
1< 8
65
70
105
00
120
95
140
145
70
117
113
155
37k no
130
35
100
100
07
100
60
100
160
50
105
25
25
120
100
!85
20
112
50
150
50
75
50
75
100
140
25
115
50
100
75
100
55
120
25
75
25
125
25
115
10
50
250
Eagle..?
....
145
105
210
175
199
150
L20
140
50
100
25
25
17
20
70
100
30
50
100
40
100
30
50
17
10
100
100
50
50
25
100
15
50
50
100
50
50
100
30
20
40
50
100
25
50
25
100
100
25
50
50
50
50
50
American
American Exchange
1
SECURITIES.
BOSTON.
Atch. &
do
o
/iO
City
Bid.
Bid
100
100
100
25
25
100
100
25
100
Ask.
Bid
SECURITIES.
do
Par.
Companies.
Par.
[VOL. XXXIV.
Quotations in Boston, Philadelphia and Baltimore.
Securities.
Insurance Slock List.
[Quotations by E. S. Bailey, Broker,
No. 7 Pine Street.]
Bank Stock List.
.r.
CHRONICLE.
IRE
100
do
do
6b.
1900, A.&O.
6b, gld, 1900, J.&J.
Cen. Ohio 6b. letm.,’90,M.& S.
W. Md. 6s, 1st m..gr.,’90.J.&J.
i09k
....
do
1st m., 1890, J. & J — i
do
2dm.,guar.,J.&J....
105
do
2d m., pref
do 2d m.,gr.by W.Co.J&J
do 6b, 3d in., guar.. J.& J.
Mar. & Cin. 7s, ’92, F. & A ... 124% 125%
104% 104k
do
2d, M. & N
55% 55k
do
8s,3d,J.*J
Union RR. 1st, guar., J. & J..
U nion endorsed.
do
Consolidated Gas
Do
bonds
•
....
February
New York City Banks.—The following statement shows
condition of the Associated Banks of New York City for
week ending at the commencement of business on Feb. 11.
Earnings.—The latest railroad earnings and the
totals from January 1 to latest date are given below. The
statement includes the gross earnings of all railroads from
which returns can be obtained. The columns under the head¬
ing “January 1 to latest date” furnish the gross earnings from
January 1 to, and including, the period mentioned in the
Railroad
second column:
<—Latest earnings
Week
Banks.
$58,508
$60,57o $58,508
196,814
Bur C Rap &No lfit wk Feb
62,540
29,064 315,363
33,637
cSro & St! Loui8.4tli wk Jan 9’,283 10,671
32,451
22,663
6o,074
Cent Br.Un. Pac.4tli wk Jan
20,467
60,657
Central Paoiflo...January... 1,876,000 1,602,907 1,876,000 1,602,907
210,455 162,540
Ches. A Ohio
January... 210,455- 162,o40
Chicago & Alton .lstwk Feb 131.741
lJo,427 711,188 bio,547
Chic. & East. Ill.. 1st wk Feb
3o,249
29.2/1
184,83.
154,727
23.96o
185,939
ChicAG Trk Wk end.Feb. 11
37,353
147,789
Chic. Mil* & 8t P 2d wk Feb. 362.000
156,996 2,150,000 1,324,914
Chic. & Northw. 1st wk Feb 377,400
229,100 1,997,736 1,469,767
340,220
272,600 340,220
Chic. St.L &N^O.January... 272,600
337,081
Chi St P Min AO .2d wk Feb.
82.715
39.648 463,908
cS Ham & Day.January... 208,376 192,660 208,376 192,660
(fin. InduSt. LAtO. 1st wk Feb
49,463
43,280 249.505
225,803
Cincinnati South. lOdys Feb.
63,776
4'.421
........
Clev. Akron & Col. 1st wk Feb
8.469
6,-61
40,491
38,780
Col.Hock.V.A T..lstwk Feb
42,515
41,515
256.682
239,827
Denver A Rio Gr. 2d wk Feb.
691.328
98.930
75,301
458,879
DesM.AFt.Dodge.lst wk Feb
6,969
4,536
39,792
29,503
Det. Lans. A No. .4th wk Jan
39,447
24,600
108,207
77,882
DubuqueAS.City.1st wk Feb
11,122
24,455
117,659
86,251
EastTenn.V. &Q.3 wks Jan. 167,642
177,580
167.642
177.580
Flint A Pere Mar.4th wk Jan
52,275
40,119
166,037
135,379
Gr’t Western. Wk. end Feb.10
90,727
93,526
547,574 534,762
Hannibal A St. Jo. lstwk Feb
30,719
36,563
580.730
511,453
IllinoisCen. (Ill.).January... 580,730
511.453
Mechanics’
Union
America
Phoenix
City
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
.
W.lst wk Feb
lnt.&Gt. North..4th wk Jan
Iowa Central
January...
West.lst wk Feb
Lons Island
lstwk Feb
Louisv. A Nashv.lst wk Feb
Louisv.N.A.& Ch.January...
Memo. & Chari... lstwk Feb
Hemp. Pad. & No.4th wk Jan
Mil.L. Sh.& W08t.2d wk Feb.
Minn.& St.Louis.lstwk Feb
Mo. Kans. & Tex.4th wk Jan
Missouri Pacific .4th wk Jan
Lake Erie &
January...
Mobile & Ohio
Nasliv.Cli. ASt.L. January...
N.Y.&N. Engl’d.January...
Norfolk & West... January...
Northern Pacific .1st wk Feb
4th wk Jan
lstwk Feb
Oreg’nR. Nav.Co. January...
Ohio Central
Ohio Southern
Pad. &Elizabetht.4th wk Jan
Peoria Dec. & Ev. 4th wk Jan
St.L.Alt.&T.H. ..lstwk Feb
75.423
87,307
30,808
23.284
27,734
240,132 199,600
72.511
54,136
27,693
29.341
4,243
5,947
17.795
5,794
28,232
3,678
132,998 107,096
181,795 147,897
161,433 224,346
156,994 178.143
215,624 ,'189.749
153,847 161,917
19,700
74,300
11,453
23.882
7,661
392.500 134.581
8,812
13,840
24,161
13,723
20,953
25,440
16,261
14,860
Feb
Jail 153.331
184,180
Feb
63,567
50.956
Feb 114,562
34,452
Feb
8,517
5,205
South Carolina. ..January... 117,214
106,113
Texas & Pacific.. 4th wk Jan
96.808
91,378
Tol. Delp. & Burl. 1st wk Feb
19,051
11,631
Union Pacific ....January. ..1,961,088 1,339,799
Wab.St.L. APac.lstwk Feb 332,629
225,286
(0rch3).lst wk
St,L. Iron Mt.A 8.4th wk
St.L. A San Fran. 1st wk
St.P.Minn.AMan.lst wk
Scioto Valley
lstwk
Do
Jan. 1 to date.
1881.
1830.
1881.
Phlla. &
*
,
5,050,336
3,727,733
Reading.December.1,850,889
Including Indianapolis Decatur A Springfield.
Exchange.—Quotations for foreign exchange are as follows,
being the posted rates of* leading bankers :
the outside prices
Prime bankers’ sterling
bills on London.
Prime commercial
Documentary eomme.re.ial
Paris (francs)
Amsterdam
Frankfort
(guilders)
or
4
4
4
5
84
@4 85
82%@4 83
82 @4 82%
20 @5 17%
40
®
40ig
4 89%®4
4 88
@4
4 87%®4
5 15
@5
90i2
88%
88
11%
4038®
95%®
405s
9578
-
945s®
Bremen(reichmarks)
9478
U. S. Sub-Treasury.—The follow;ug table shows
and payments at the Sub-Treasury ii« this city, as
balahces in the same, tor raxrh day of the past week:
the receipts
well as the
'
Balances.
Payments.
Receipts.
Feb.
“
”
“
“
11..
13..
14..
15..
10..
17..
Total
'
$
997,974
2,084,725
1,160.925
1,146,263
1,074,234
Coin.
84
78,590,619 18
40
24
03
79,735,786
80,143,890
80.517,613
80,548.190
81,478,954
75
41
36
29
1,623,262 90
393,163
1,119,233
671,641
764,517
895,455
768,346
8.087,386 69
4,612,360 71
98
32
88
51
05
79
89
97
$
4,687,459 41
4.507,784 43
4,588,956
4,596,934
4,745,186
4,669,338
....
—
Bpan’h Doubloons. 15 70
@
@
4 78
3 97
@15 95
Mex. Doubloons.. 15 50 @15 65
Fine silver bars
1 1414 ® 1 14%
Fine gold bars
%@%prem.
Dimes A % dimes. — 99% 3> par
..
Mexican dollars..
Do uncoramercT.
English silver
....
Prus. silv. thalers.
U. S. trade dollars
U. 3. silver dollars
—
—
89
87
4 75
—
—
—
06
65
52
46
...
Coins.—The following are quotations in gold for various
Silver %s and %s. — 99 %@
Sovereigns
$4 83 @$4 87
Five francs
93 @
Napoleons
3 83 @ 3 87
XX Reiclimarks. 4 73
X Guilders
3 94
267,000
8,806,800
1.470.100
794,500
Oriental
1.444.400
2,551.20C
7.917.300
3.261.500
Park
Mech. Bkg. Ass’n
North River
East River
Fourth National.
Central Nat
Second Nation’l.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
Bowery National
N. YorkCounty..
Germ’n Americ’n
Chase National..
Fifth Avenue....
German Exch.
213.200
458.590
331.300
078.000
216,800
@
@
coins:
par.
—
—
—
95
90
88
@4*0
67% ® — 70
99% ® — 99%
99 7e® . par
163,000
191.900
423.900
154.000
140.200
23.900
72.000
3.053.000
687,000
709,000
8,616.000
3,494.000
6.296.600
16,0tJ7,000
5.785.500
1.435.500
1,719.000
1.975.600
1.503.100
1,430,000
4.227.600
1,314,590
1.540.100
2,833,000
4.896.900
246,800
174,000
2,600
463.400
31,800
3.109.100
45,000
10.354,600
946,006
895.000
103.400
180.000
497.900
69.3J0
198,000
139.800
105.100
210,406
103.100
788.000
433,500
2.250,000
264,000
2.338,000
2.626.800
2.490.300
1,098.500
3.029.000
2.820.500
6.282.300
1.960.300
3.753.900
I,003,100
957,800
16.933,800
540.500
1,114,300
45,000
5,400
H.002,000
158.800
1.241.000
340.000
429.700
445.890
797.400
6.403.900
2.507.100
2.911.500
3.712.800
1.698.000
2.525.400
7.622.000
3.153.900
22,622.300
149.500
1,073,590
190.700
225.000
21.890
242.300
1.336,890
402.700
51.900
51,600
707.200
156.200
1,470,400
56.800
733.800
3,404,300
955,000
01.102,700 319,913,509103,229,500
Total
102.200
2-23,000
993.500
255.700
414,000
220,800
112.400
104.900
95.900
123.000
3,578,500
1.157.900
200,000
500,000
118.300
610,000
5.574.800
1.002,400
731,700
2.407.700
1.482.000
1,040,000
034,800
2.276.800
4.623.100
505.200
131.700
265,000
25.500
18.153.70C
3.417,000
} 0.956.000
264.700
162.800
1.147.800
1,091,700
200,000
..
Germania
U. S. Nat.
331.200
2.912.300
3,050,900
2,107,000
3,075.000
4,089.300
6.768.900
2.064.800
3.367.000
20.209.400
18.151.800
1,500,000
2,000,000
500,000
240,000
250,000
3,200,000
2,000,000
300,000
750,000
500,000
1,000,000
300,000
250,000
200,000
750,000
300,000
100,000
Importers’ & Tr..
2.171.600
1,220,800
962.200
689.000
2.555.000
1,100
14.502.100
201.700
579.200
14,228.000
,
86,100
451.100
486,000
846,900
223.100
213,000
839.300
8.348.200
300,000
400,000
Marine
166.500
535,990
3.900.000
3.153.400
909.300
1,068, LOO
2.371.100
5.252.60C
3,900
450,000
442,000
450,000
4.600
763.200
45.000
1,100.900
45,000
21.391.30C
808.500
221,700
800,600
1.248,000
225,009
592,000
8.218.000
4,008.000
0,348,400
17.293.000
6.006,400
1.143,000
1.599,000
426,200
204.066
223.000
1.934.400
180,000
2.452.300
5.048.800
91,600
2,124.2.0
1,048.400
1.634.700
4,715,800
450,OJO
18,484,509 310.651,300 19.940.100
The deviations from returns of previous week are as follows:
Loans and discounts
Dec.
Dec. $5,674,800
$933,500 i Net deposits ...
Dec. 3,390,400 I Circulation
149,100
Specie
.
Dec.
Legal tenders
Dec.
358,900 l
The
following
21....821,071,800
28.... 322.900,500
“
Feb.
the totals for
are
Loans.
1882
%
Jan. 14....319,554,000
4... .328,852,000
11....327.913,500
#
a
series of weeks past:
Deposits.
t
311,990,101
310,109,400
1U,773,600
18,843,400
18,434.500
68,355,000
66,019.900
63,229,500
Circulation. Agg. Clear*
$
$
307,402,600 20.153,000 972.200.949
66.329,200 17.574,800
68,764,100 18)9093:0
Boston Banks.—The
banks for
<x
L. Tenders.
4
Specie.
905,819,567
997.312.340
20,001,500
20,040,800
310,325,900
20.0S9.2U0 1055,121,113
310,651,300
19,940.100
770.372,108
following-are the totals of the Boston
series of weeks past:
Deposits.* Circulation. Agg. Clear
Loans.
Specie. L. Tenders.
$
1832
$
$
Jan. SO.. 152,351,900
7,387,700
4.888,200
7,343,200
Feb. 6.. 152,263,900
4,077,300
“
13.. 153.210,300
7,280,000
4,373,600
*
Including the item “ due to other banks.”
$
|t
t
63.987.1
95.551,600
31,379.300
31,207,500
63,097.721
95.409.400
31,350.500
60,819,431
90.133.400
Philadelphia Banks.—The totals of the Philadelphia banks
are as
1882.
Jan. 30
Fob. 6
“
13
follows:
Loans.
L. Tenders.
$
75,445,339
76,008,917
70,809.283
$
Deposits.
%
17.921,932
19,957,155
21,500.770
65,809.403
70,430,214
71,841,200
Circulation. Agg. Clzal
*
$
53.267,058
57.095.228
47.792.911
11,139.641
11,070.089
10.988,835
Unlisted Stocks and Bonds.—The following are the prices
of securities that are not
Am.
Railway Imp. Co.
“listed” at the Stock Exchange as
Bid. Asked.
*30
38
140
ar
2%
1%
Bost. H. & E.. new
DO
old
1**8
Brush Iliumin’g Co ...
Cin. & Georgia subs...
Buff. N.Y. & Phi la. subs. *10
Continental Constr.Co. 76
Central Railway <
*20%
stru it’n Co.(D. L
Der.r.A R. G..W. subs.
Do stock
71
Do bonds
Den.& R.G. unl’dcous. 98
Deny. A N. Orleans... 55
Edison Electric L. Co. 275
Grand Rapids & Ind..
Hud.Riv. Contract Co. 100%
Intern at. Imp. Co. ex-
....
...
20
20%
....
•
...
-
.
•
-
Do
A bonds
B bonds....
Do
Mex. Nat. bonds...
Do
stock....
12%
5%
507s
9
Mutual Uu’n Tel. e
Do
bonds. 717s
Do
stock..
N.Y. A Scranton Cons. 80
100
•
..
.
.
.
Oreg.Trans-Con.pt. pd
•
Pens. A Atlantic stock 36
Do
bds.. x....
Pitts. A Western
•
75
ICO
80
370
-
.
.
.
10078
.
50 per cent paid .... 89
Rich. A Dau.Tcr.r’ts.o. *37
M
Do exten. stock
Roch.A Pitts.RR.subs.
%
Selma Rome A D. stock
1st mort...
1%
Do
Do
2d M. stamp
2%
2
Do
2d M., clean
1
Do
incomes....
St. Jo. A West, stock.. 11
St. Jo. A Pacific 1st M 89
Do
2d M 28
....
75
-
-
....
85
Ric.AAl.A O.Cen.subs.
....
interest
,—
Iron Steamboat stock. 47
Do
1st mort. bds 84%
6
Ind. Dee. & Sp. com...
Do
n. is..6s,i'unc 102
85°
Kan. & Neb. 1st moiM
23
Do
2d mort...
Mid.RR.of N.J.ass.stk. 20
Bid. Asked.
36
N. Y. Ch. A St. L. subs. *34%
28 7r
Do
29%
pref
Do
com.. 13
13%
Do 1st. ex J’e,’82,cp 84%
85%
N. J. Southern
13r
1%
N.Y. S.A W. com. st’ek 107s
12%
Ocean Nav. A Pier Co.
89
Oregon Imp. Co. 1st ex 87%
64
66
Do
stock
100%
Oreg. Short Line subs. 100
.
83
-
....
Currency.
$
$
300,000
8.220.000
4.408.900
6.657.400
3.119,000
5.893,700
6,566.000
500,000
1,000,000
1,000,000
Demand.
Sixty Days.
February 17.
5.962,000
6.748.700
600,000
Corn Exchange..
Continental
*•
41,260.068
348,000
1,102,700 1,126.700
£,038,000
329,000
1,113,000
144.200
1.203.800
547.400
59,000
777,000
3,350.000
408,000
6.510.200 4.218,100
299.200
70.800
2.808.H00
183.700
122.200
1.742.300
4.072.200
386.800
13.854.800
471,600
833.800
4.262,000
502.500
202,100
4.298.600
321.700
1.030.700
64,700
153.000
143,000
1.044,000
17.400
101.300
941,400
418.400
159.200
2.998.500
3.619.500
500,000|
f
I
495,000
11,745.000
15.943.400
1,000,000
500,000
Nassau
Market
8t. Nicholas
Shoe & Leather..
tion.
10,065.000
973 200
3,000.000
....
Citizens’
99.843
1,206,724
3,454,309
281,919
282,772
Metropolitan
Circuiti—
other
than U. S.
465,000
2.357,000
773,000
7.607.000
7.181^00
8.673.000
4.974.500
9.193.400
500,000
Irving
$283,604
527,888
18,902,476
$21,922 $279,041
606,847
58,790
Chic. Burl. & Q...November. 1,816,133 1,837,860 19,270,965
93.370
Chic. A W. Mictu.November. 118,420
Gulf Col. & S. Fe.December. 140,068
82,063
Houst.E.&W.Tex.Deccmber.
21,841
10,527
165.728
K.C.Ft.S.AGulf.December. 152,796
127,340 1,547,259
Marq. H. & Ont’n.December.
19,000
14,000
494,310 5,443.697
Northern Central.December. 476,623
December.3.731,751 3,547,828 44,124,178
Pennsylvania
Philadel. & Erie..December.
North America..
Hanover
1880.
$13,782
64,193
Bost.&N.Y.Air-L. December.
Carolina Central.December.
422,700
1,500,000
450,000
200,000
700,000
1,000,000
People’s
310,785
95,129
57,880
1,961,088 1,339,799
1,562.594 1,036,903
/
Pacific
Republic
570,958
263.391
288,639
25,966
106,113
281,176
117,214
1,000,000
1,000,000
Chatham
42.402
40,607
130,017
87,409
38.667
67,755
125,265
79,540
516,370
320,351
510,023
42.723
Broadway
Net dept's
Legal
Tenders.
*
800,000
5,000,000
5,000,000
Mercantile
Specie.
10,558,000
200,000
200,000
600,OGO
300,000
.
147,443
119,828
249,933
226,209
211,932
181,444
87,307
66,169
159,874
124,039
147,422 '127.797
1,190,197 1,016,560
72,511
54,136
139,535
130,456
15,934
18,897
99,523
51,565
137,903
54,081
400,165
330.510
552,675
388.b81
161,433
224.346
156,994
178,143
215,624
139,749
153,847
164,917
314,100
136,208
90,854
42,308
39,711
392,500
134,581
119,828
40,559
59.163
66.169
18.860
147,443
'54.109
(Iowa). January...
Do
Loans and
discomits.
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
300,000
Sew York
Manhattan Co...
Merchants
$60,575
♦Indiana Bl. A
Capital.
$
latest dates
1882.
1881.
1881.
the
the
Average amount of
reported.—* r~Jan. 1 to
1882.
Mo.
or
Southern. January...
Ala Gt
201
CHRONICLE.
THE
18, 1882.]
-
•
86
8
103
86
27
30
13%
8%
51%
15
....
75
27%
101
lOl^s
Tex.St.L.RR.sb.,30 pd
86
Texas A Col. Imo
....
U. S. Electric Light Co.
Vicksb. Mer’ncom.st’k
Va. Midland stock
Do
income bonds
—
*
Premium.
100
6
....
,
,
.
,
90
40
70%
....
78
2%
4
14
....
30
....
94
108
....
72%
85
THE CHRONICLE.
202
Since the close of the year $100,000 of the above $415,000
general mortgage bonds have been sold, and $110,000 of tht
above items of debt have been paid.
$20,000 of the floating
AND
debt of the company has also been paid since the close of th»
STATE, CITf AND CORPORATION FINANCES.
year. An option to purchase the remaining $315,000 general
mortgage bonds has been given, which will be closed soon, and
The Investors’ Supplement contains a complete exhibit of the the proceeds applied to the payment of the balance due on
Funded Debt of States and Cities and of the Stork* and Bonds loan incurred to pay for the New Castle & Franklin Railroad.**
EARNINGS.
'
EXPENSES.
if Railroads and other Companies. It is published on the last
For—
From—
Saturday of every other month—viz., February, April, June, Tranap’n of merchandise.$362.165 Conducting transportat’n. $112, P 30
power
109.636
210,312 Motive
August, October and December, and is furnished without extra Passengers
of cars
28,967
Express
10.644 Maintenance
78,929
9,516 Maintenance of way
eharge to all regular subscribers of the Chronicle. Single copies United States mail
General expenses./.
23,912
“
Investments
are
of
Miscellaneous sources
ANNUAL
REPORTS.
Credit balance of inteiest accouut
Western Railroad.
ended Dec. 31, 1881.)
(7For the year
The annual report of this consolidated company for 1881 states
that “the 300 new coal cars and 100 house cars alluded to in the
last annual report were all promptly delivered, and put in the
trade, at the time designated ; their cash value ($190,140) has
been charged to equipment. The proportionate interest of the
trust for the period of its duration, ten years, has been charged
loss this year, as has also the
No. 1, alluded to in
the Pittsburg Titusville & Buffalo
sompanies formed to build the
proportionate
inter¬
The merger of
last report.
Railway Company with the
roads to Buffalo and Salamanca,
alluded to in the last report, was consummated as therein
stated, under the name of ‘ The Buffalo Pittsburg & Western
Railroad Company/ A contract, agreed upon some time pre¬
viously, was executed with the New York & Pennsylvania
Construction Company for the construction of the lines to
Buffalo and Salamanca, by which they are to receive common
and pref. stock and general mort. bonds in payment.” * * *
“
The construction of these roads is rapidly progressing, and
n the early spring both will be completed.
A contract has
been made with the Pennsylvania Railroad Company and with
the Philadelphia & Erie Railroad Company for the use, on fair
terms, of the track of the Philadelphia & Erie Railroad between
Irvineton and Warren, about six miles. That portion of the
Salamanca line between Warren and Kinzua, about thirteen
miles, will be completed soon, and the line from Oil City to
Bradford, in connection with the Bradford & Kinzua Road, will
be opened for traffic.”
*
*
*
In April last your Board purchased the New Castle &
Franklin Railroad at cost of $834,465 66, and immediately
$354,275
$598,968
Total
Net earnings
Buffalo Pittsburg &
to profit and
est of trust
1,8 <6
4,492
Rents
sold at $2 per copy.
$244,692
32,347
received in cash
$277,040
From which deduct coupons
paid.
264,040
.
profit and loss
BUFFALO PITTSBURG <fc WESTERN
COMPANY DECEMBER 31ST, 1881.
$13,000
Balance to credit of
BALANCE
SHEET OF
THE
Cr.
Dr.
$14,570,597
Construction
Equipment
897,3W3
12,000
Fidelity Trust Co
Com. stock held by Co.
Pref. stock, &c
do.
Materials on hand
Cash on hand
Debts due Company...
N. C. & O. C. RR. for
705,200
355,000
betterments
Def’d int. on oar trust.
New passenger cars...
59,247
97,344
Miscellaneous assets...
Stock held in trust by
420,433
35,034
55,963
52,355
,
May ville Extension RR
$8,650,000
Common stock
Preferred stock
Preferred stock serin..
Bds. War. & Frank. RR.
Bonds Oil Creek RR...
Bonds Union &Titusv’e
Bds. B. C. L. &P. RR..
Consolidated mortgage
General mortgage
Income bonds
1,500,000
573,000
500,006
13,006
944,000
3,568,000
23,622
9,028
75,876
235,>84
50,375
5,283
502,724
Car trust No. 1
Car trust No. 2
Pay-rolls & vouch’s Dec
10,883
Coupons due, not pre¬
$18,164,232
1,457,05#
1,036
Seiip No. 1
1,894
56,427
834,465
O. C. & Ridgway RR..
N. C. & F. purchase ...
“
RAILROAD
Debts due by company
Bills payable & loan*..
2,226
sented
Int. duo Jan. 1st,
Profit and loss
17.500
1882
29,632
$18,164,232
*
of loans is on ccoonnt money bor¬
Castle & Franklin Road, and is to be liqui¬
general mortgage bonds reserved for that
Note.—$417,724 of the above item
rowed to pay for the New
dated by sale of $415,000 of
purpose.
Schuylkill Navigation Company.
(For the year ending December 31,1881.)
The annual report makes the following statements :
Balance on hand January 1,1S81
$11,836
Receipts in 1881.
On aooount of rent from receivers of Philadelphia A
$351,459
Reading Railroad Co
-reorganized it as the New Castle & Oil City Railroad Company,
with a capital of $150,000 of common stock, $450,000 of pre¬
ferred stock and $600,000 of first mortgage six per cent bonds,
all of which stock and bonds are in the treasury of your com¬
03
pany.” * * * “ The road is 36 miles long, extending from For sales of loans
New Castle, Lawrence County, Penn., to Stoneboro, Mercer
$364,366
Total
County, Pennsylvania, with a branch line to coal-mines of five
in 1881.
Payments
miles, making in all forty-one miles of road.” * * *
Interest on loans
$326,331
A company called ‘ The Buffalo Baltimore & Ohio Railroad Current expenses for salaries, office rent, &o
6,780
12,327
Company,* and controlled by the friends of this company, has 8tate tax on loans
2,505
been organized to construct a road from New Castle, Pennsyl¬ State tax on stocks
Old dividends paid
75
vania, to Chicago Junction, Ohio, with which company the Loans purchased
1,005—349,064
Baltimore & Ohio Railroad Company and this company have
Balance on hand January 1, 1882
$15,334
entered into a contract for the interchange of business on
mutually favorable terms. It is intended to commence the
They further report that under the arrangement made in tht
«onstruction of this road at an early day. Your Board pro¬ year 1877, by which the Philadelphia & Reading Railroad Com¬
poses to commence, at once, the construction of a connection
pany offered to pay five years* interest on the coupon mortgage
between the New Castle & Oil City Road at or near Stoneboro loan of 1895 in six per cent, scrip, the principal of which was
and your road at Oil City, and also of several branches to coal¬ to be payable July 1,1882, $309,000 out of $360,000 have beea
mines, making about forty miles of track ; and it is intended set. led up to January 1, 1882.
The said company also agreed to pay the dividends on the
to offer to the stockholders of this company the opportunity to
subscribe, on favorable terms, to the securities to be issued for preferred and common stocks of the company in like scrip, and
the construction of this connection and its branches, as soon as they have issued for such dividends to January 1,1882, $209,049.
the negotiations now in progress with a syndicate of bankers to The receivers of the Philadelphia & Reading Railroad Company
supply all the funds not subscribed for by the stockholders are have since offered to purchase the dividends on the preferred
completed. A circular explaining the plan in detail will be and common stocks of the company at the rate of $1 per share
issued soon. It is then proposed to merge all the lines between per annum on the preferred and 50 cents per share per annum
Oil City and Chicago Junction into one company, and subse- on the common stock.
Under this arrangement dividends
amounting to $141,672 are reported as having been purchased
; Western Railroad
merge Company.*’ * * *
to January 1, 1882, representing eighteen months* dividends.
When these roads shall all have been completed you will No dividend has yet been arranged for the six months ending
have a line from Oil City to Buffalo of about 138 miles, and the January 1, 1882, but application has been made to the receivers
line from Chicago Junction, via the Valley of the Allegheny, to to provide for its settlement.
. ..
Salamanca, 300 miles, and from thence, if it should prove nec¬
“The receivers also offered to purchase the interest due om
essary. owing to our inability to make satisfactory terms with the boat and car loans of the company November 1, 1880, May
the New York Lake Erie & Western Railway Company to 1, 1881, and Nov. 1, 1881, and on the 6 per cent, improvement
extend the line to Olean, at the junction of the New*York Lake bond at the. rate of 5 per cent, per annum. These purchases
Erie & Western Railway, Allegheny Central Railway, Olean have covered the following amounts: $1)6,538 of 6 per cent,
Bradford & Warren Railway, and the Buffalo New York & boat loan out of $68,098; $61,878 of 7 per cent, boat loan out of
Philadelphia Railway, a further distance of twenty miles, $65,950; $15,945 of improvement bonds out of $20,520.
“The business of the canal, as reported by the receivers, is
making in all 320 miles from Chicago Junction to Olean.” * *
“At the close of the fiscal year your company had in its not equal by any means to its capacity, or to the active use of
the equipment provided for it, which appears to be sufficient
treasury the following securities :
B. P. & W. RR. common stock. 7,100 shares
$355,000 for the carrying of one million of tons of coal annually. At
B. P. & W. Rk. preferred stock, 8,400 shares
420,000 the rate of tolls received and expenses paid for 1881 this quan¬
B. P. <fc W. RR. general mortgage bonds
415,000
N. C. & O. C. RR. common stock, 3,000 shares
150,000 tity, with the other miscellaneous receipts from the canal prop¬
450,000 erty, would ha ve provided a sum fully equal to what is re<^uir#«
N. C. Sc O. C. RR. preferred stock, 9.000 shares
X. C. Sc O. C. RR. first mortgage bonds
600,000 for the pi '/ment of the whole of the rental and expenses/
Oil City
Rideway Railway Sc Mining Company common stock o08,0u0
>eiv Haven air: Northampton.
—
“
“
Juently to
“
that company with the Buffalo Pittsburg
.
“And owed the
following
:
Balance dne on loan incurred to purchase New Castle
lin Railroad
Betterments of New Castle Sc Franklin Railroad
Floating debt of P. B. Sc W. RR Co
Sc Frank¬
$417,724
50,000
•;,*? ow
\f:v zhe year ending September 30,1881.)
The annual report says nothing of the sale in 1881 of a c*mtrolMng interest in the stock to the N. Y. New Haven & Harl-
203
THE CHRONICLE.
If'kbrtjajry 18, 18b2]
Line of
The increase in
ford Company.
operating expenses was owing
and materials and to large expenses
to increased cost of labor
for renewals.
The earnings for the year
were as
Freight
Passenger...,
Wharfage, rents,
&o
follows:
1880-81.
1879-80.
»»«•;«
oo'Si?
186,277
23,967
$694, *06
^]51.614
Total
393,116
/
Net earnings
$298,137
$301,390
The large increase in earnings was more than balanced by
that in expenses. The increase in expanses was due to in¬
Expenses
of labor and materials,
and additions to property,
creased train service, to greater cost
and especially to extensive renewals
AS noted below.
The income account
Net earnings, as
Holyoke
is condensed as
follows:
$299>ia7
above
26,3s2
i Westfield rental.
Surplus for the year
Interest received
Old balances
$77,286
-
Bonds sold
Premium on bonds
Increase of bills payable
Increase of October coupons
Decrease in materia s
Accounts due at last report
Cash
on
-
hand last report.’.
Total
Construction, Northern
•«
extension
Ilarndem improvement
equipment
Biuking fund payment
Aocouuts and balances due
New
Cash on hand to
$752,726
49,178
68,805
15,000
74,361
balanco
President Yeaman’s report says : “ Included
the cost of a new locomotive, j>9,115; 10 box,
$987,906
960,071
$27,834
in expenses is
20 flat and 36
the shops of the company, $31,300 ; land at
$1,075 ; steel rails and joints,
$12 ,846 85 ; turn-cables, etc., at Northampton and Faimingtcn,
$3,731; new iron bridge, $25,290 44, and a considerable amount
for new side-tracks at various points on the road.
With the
steel rails laid since Sept. 30 there is a continuous steel track
from New Haven to the Troy & Greenfield Railroad and
Turner’s Falls.”
District
“
The evidence before us
shows that similar consequences will follow
construction and operation
of the petitioners’ proposed railroad,
the
Th*
injustice of treating such injuries as undeserving of compensation is
apparent. Nor can any amount of public' benefit be deemed a
perfectly
inst compensation therefor. And yet it is still a mooted question whether
owners of property injuriously affected, but not actually taken by the
railroad corporation, are protected by constitutional provision. That
question should be set at rest before railroad corporations are per¬
mitted to inflict further injuries upon private propeity. Their right to
construct elevated railroads in strei ts should be made dependent upon
tlieir providing a suitable and sufficient indemnity to abutting owners
against any damages which they may sustain thereby, as, if that may
iustly be deemed too onerous, men provision should be made by law for
such
indemnity iu some other mode.”
board.
Proxies in favor of the change of management wer*
then sent to stockholders on Tuesday. The presi nt director*
Thursday sent out proxies in favor of Francis S. Lathrop,
Frelinghuysen and John S. Kennedy. Accom¬
panying the proxies was the following circular:
“We believe it to be for the interest of the stockholders of
this company to continue its present management, which, by
co-operation between stockholders and bondholders, has effected
a successful reorganization of its affairs, and has maintained an
independent policy toward all connecting roads. 'If you concur
in these views, please sign and return the * inclosed proxies,
which will be used at the coining election for this end. Th*
proposed increase in the number of directors will enable th*
board to make some important additions to its membership,
which are necessitated by the enlarged operations of the road.
“Yours, very respectfully,
“Francis S. Lathrop, Benjamin Williamson, Geo. G. Haven,
Jay Gould, John Kean, Sidney Dillon, Federiek T. Frelinghuy¬
sen. John S. Barnes, Frederic A. Potts, John S. Kennedy, Jacob
D. Vermilye.”
In the meantime,” says the N. Y. Tribune, of Friday, “ a bill
was introduced in the New Jersey Legislature, authorizing
railroad corporations to increase their capiial stock to provide
means for the payment of their funded indebtedness
Th*
issue of additional stock is limited by the bill to the amount
necessary to pay the principal and interest of the bonds.
Th*
bill vas presented by Senator Deacon, of Burlington County,
on Monday night, and was passed by both Houses on Wednesdajr. The bill has not }ret been signed by Governor Ludlow,
but. no doubt of his approval is expressed by the friends of th*
measure.
The Pennsylvania and the Jersey Cer tral railroad
companies made a common interest in securing the passage of
the bill. Director* of the Jersey Central make no secret of the
fact that the bill was passed in the interest of that company,
and to enable the present management to defeat the objects of
the opposition.
The provisions of the act do not permit th*
sale of stock at less than par, but it was said yesterday
in behalf of
the Jersey Central that sufficient stock
would be taken at this price to prevent the control
on
dump cars built at
American
against the opposition of the
Frederick T.
fiouthwick and Northampton,
GENERAL INVESTMENT
shall bo abLc to foroo the assessment
railroad.”
Taking up the law on the subject, which does not seem to him
to sufficiently protect property-owners, Judge Gi bert says :
The fact is indisputable that in many instauees elevated railroads
operated by steam power have injured property which has not been
takeu or in any mauner appropriated by the corporation that owns them.
payment afterward, as each owner
Central of N. J.—The Philadelphia & Reading and Balti¬
288 more
& Ohio parties secured 92,000 shares of the stock, and
701,000
42,100 their confidence was so great that the present directors of th*
102,000 company were requested to resign before the annual meeting,
17,755 because
they no longer held coutrol of the property. Judg*
5.321
30,218 Lathrop, of whom the request was made, refused to comply
7.836 with the demand after consultation with the members of th*
- -
.<7
charged off
>artiai
for the injustice to be done by a pj
value
property
without
destruction in
of the
of a single owner
compen¬
sation.
What this compensation is to be will be determined after the
Legislature provides a scheme of compensation, which should embrace
the inquiry by a commission or by a jury. Th • amount awarded should
first be paid to the owner, as is required iu the case of railro «ds con¬
structed under the general law. There should be uo taking first and
this road will compensate
NEWS.
Telegraph.—The American District
Telegraph Company yesterday gave notice to the Stock Ex¬
change of its intention to increase its capital stock from
$2,000,000 to $3,000,000, and the par value of its shares from
$25 to $100. The scheme of the company’s managers, however,
does not end here, but contemplates some things that cannot
be easily carried out. The new issue of stock is to be used in
consolidating wirh the American District, the Mutual District
and the Domestic companies, as well as a package delivery con¬
cern of small proportions.
There seems to be little doubt that
the Domestic company will heartily enter into the project, but
the Mutual District, it is explained, has not yet accepted the
proposals made to it.—Stockholder, Feb. 17.
Boston Hoosac Tunnel & Western.—A dispatch to the
Tribune from Boston, February 15, said: *'’The Continental
Construction Company of the Hoosac Tunnel Railway has voted
“
of
the
company
passing into the hands of th*
the Boston & London Gowen-Garrett
party.
Of the bonded indebtednesss of
Syndicate. The new arrangement calls for $20,000,000 in two the
company about $8,000,000 is payable at the option
rears to carry on the great work proposed.
The syndicate will,
The adjustment bonds amount t#
In addition to constructing the Boston Hoosac Tunnel & West¬ of the company.
$5,454,000
and
the
income
bonds to $2,400,000, and both thes*
ern Railroad to Buffalo, build a new line ot ocean steamships
issues are payable on demand.
Under ’this act of the Legisla¬
to start from the Hoosac Tunnel dock and elevator in Boston.
ture, stock to the amount of about 80,000 shares can be issued
This elevator was formally inspected yesterday.”
at any time to pay for these bonds,
it was said that stock to
Brooklyn’s Elevated Roads.—Judges Barnard, Gilbert and the amount of the entire funded debt could be issued under th*
Dykeman, composing the General T~rm of the Supreme Court act, but that it viould be necessary probably to issue no mor*
in Brooklyn, handed down decisions refusing to grant the right than enough to cover these two classes of bonds. An officer of
the company said yesterday that it might not be necessary to
to the East River Bridge & Coney Island Rapid Transit Com¬
issue any new stock, because the attempt to gain control of th*
pany (Culvers road) to build an elevated road on Water. Wash¬
ington, High, Willoughby and Pearl streets, and Flatbush, Fifth property would probably be abandoned.
Allowing that the opposition has the amount of stock it
and Seventh avenues.
1 he Times says that the route was laid
out by one of Mayor Howell’s rapid transit commissions and claims/ he said, ‘contr' l of the company could be obtained
now only by the purchase of over 40,003 shares in the open
was approved by a commission appointed by the Supreme
Court in face of the fact that the great majority of the prop¬ market. It is very doubtful* whether that amount of stock
erty-owners were opposed to the road. The consent of the could be had at present prices. If the attempt to buy it should
.Board of Aldermen was obtained in December last at the same advance the price the new stock would be issued, and conse¬
time that the Brooklyn Elevated (Bruff road) scheme was put quently the advance would simply be iu our favor. We propose
through, and was given by the same Aldermen who were to win in this fight, and I think we shall.’”
recently convicted of contempt of court and sent to jail for
Chicago Portage & Lake Superior.—At Chicago, Feb. 11,
overriding the Mayor’s veto of the latter scheme in defiance of
Tuley, of the Superior Court, upon the application of R.
Judge
A Supreme Court injunction.
The Culver road scheme Mayor
Howell approved, and work would have been commenced this R. Cable, President of the Chicago Rock Island & Pacific Rail¬
spring if the report of the Rapid Transit Commission appointed road, granted a temporary injunction restraining the Chicag*
by the Supreme Court had been confirmed by the General Portage & Lake Superior Railroad Company from holding
Term. Each of the judges wrote a decision. Judge Barnard, meetings or issuing new bonds. The injunction bears directly
upon the recent struggle for the ownership of this important
ih his opinion, touching on the question of compensation,
connection.
unanimously to transfer its interes t to
•
“ 4
Bays :
THE
204
CHRONICLE.
Columbus Chicago & Indiana Central.—Holders of the
first consolidated mortgage bonds of the Columbus Chicago &
Indiana Central Railroad decided to ratify the agreement
and W. B. Dins-
drawn up by W. L. Scott, Charles J. Osborn
more in their behalf and accepted by the Pittsburg Cincinnati
& St. Louis and the Pennsylvania railroads. The agreement
was to be inoperative unless approved by at least two-thirds
amount of the bondholders. There was some opposition at the
in
Memphis & Little Rock.—The control of this company
obtained by the St. Louis Iron Mountain & Southern over
a year ago.
On Jan. 1, 1882, the coupons of the first mortgage
bonds were allowed to go to default. Mr. Marquand then
advertised that he would purchase the coupons, holding
them still as a lien under the mortgage. At a meeting of the
stockholders this week, the following board of directors was
elected: Jay Gould, F. A. Marquand, Charles Essex, E. K.
Sibley and B. C. Brown. The board then elected the following
officers: F. A. Marquand, President; E. K. Sibley, General
Manager ; Thomas Essex, Land Agent; A. H. Calef, Treasurer,
and M. W. Goodwin, Secretary and Assistant Treasurer.
was
The total amount of the bonds is $11,859,000 and
two-thirds would be $7,939,332. The affirmative
vote was $8,761,000, and the negative $134,000, an excess of
$821,668 over the required two-thirds.
Mr. Scott read at the meeting a supplementary agreement,
Mexican Central.—A dispatch from the City of Mexico, Feb.
stipulating that the earnings of the C. C. & I. C. road from 10, said: “The Mexican Central Railroad lias been completed to
January 1, 4880, should be accounted for by the Pittsburg Queretaro, 159 miles north of here. Government engineers are
Cincinnati & St. Louis Company, and paid over to the proper now out examining the new division, which will be opened to
officers, and that the income bondholders should be allowed to traffic on Feb. 15. The first instalment—$250,000—of the sub¬
come into the scheme.
Holders of the income bonds and stock¬ vention certificates has been delivered to the company, and
holders are much dissatisfied.
$1,000,000 more will be handed over next week. Hereafter 6
Mr. Julius Wadsw »rth, Vice-President of the Chicago Milper cent of the duties at all ports will be paid with the certifiiwaukee & St. Paul Company, who refused to preside at the cates.”
•
meeting of bondholders, said : “ I am a holder of the trust
Mexican National Railway.—Under date of February
company certificates of the first mortgage bonds, and I intend
7,
1882, Mr. William J. Palmer, the President of this company,
to maintain my rights.
I do not intend to accept the plan of
issued an extended report, or circular, from which the follow¬
reorganization, and for that reason declined to preside at Satur¬
day’s meeting. With my associates, I represent about $2,000,- ing extracts are taken:
The franchises of the Mexican National Construction Company in
000 bonds.
We have a suit now pending against the company,
Mexico consist of its main concession from the Federal Government for
and we intend to enforce the lease guarantee of the Pennsylva
a railway and telegraph line from the city of Mexico northward to the
nia Railroad. We do not want any new bonds; we are satisfied fruitier
of the United States, at .Laredo, Texas, and from Acambaro
with those we now hold guaranteed by Pennsylvania.”
Junction, a point on this line 173 miles from the City of Mexico, west¬
ward to Mazanillo, on the Pacific coast; also concessions for several
Hannibal & St. Joseph.—Argument in the case of the Han
branches, some direct and some through state governments, but all
from the Federal Government, aggregatiug about -2,000 miles, aud car¬
nibal & St. Joseph Railroad Company against the State of Mis
subsidies amouutiug to over $20,000,000, together with exemp¬
souri, in which the railroad company applied for an injunction rying
tion for many years from taxes and duties. To meet the requirements
to prevent the Governor from selling the railroad for failure to of the several concessions it wras necessary to begin construction at Man¬
pay the interest on certain bonds, was closed February 10 in the zanillo, on the Pacific, as well as at the City of Mexico and Zacatecas,
United States Circuit Court.
Justice Miller delivered an oral in the interior. There was no compulsion to commence construction
decision in favor of the State, in which he refused to restrain from Laredo southward, but it was the best point from which any con¬
siderable mileage could be cheaply and rapidly built.” * * v
the Governor from selling the road if the interest is not paid.
The following financial programme was adopted: The Mexican
He held that the railroad company must make the State safe National Railway Company was organized with a stock capital based
from all loss and liability in connection with the bonds issued upon $25,000 per mile of road to be built, and with power to issue bonds
of like amonnt; $20,000 in bonds to he available for construction, and
He also advised both parties to the suit to
to the road.
$5,000 per mile thereafter for betterments. Four million dollars stock
settle the matter amicably. After the decision was finished, of the Mexican National Construction Company were issued and sold at
counsel for the railroad company asked that the $3,000,000 in par. and a pool of $7,500,000 in bonds and $7,500,000 in stock of the
Mexican National Railway Company was then offered by the Construc¬
money, the face value of the bonds in question, which was paid tion Company for subscription and fully subscribed.” * * *to the State some months ago, be returned to the railroad com¬
WHAT HAS BEEN DONE.
pany, but Attorney-General McIntyre declined to do so.
Rails and fastenings have been bought and paid for to complete the
meeting.
the necessary
-
[VOL. XXXIV.
.
'
Knox & Lincoln.—The lease of this road to the Maine Cen¬
tral guarantees that the rent shall be paid semi-annually, and
if the payment is delayed sixty days, then the towns may abro-
gate
entral
theshall
have by giving
such power
contract
thirtyofdays’
notice; but
Maineis
abrogation.
rental
Thethe
no
to be
$60,000
a
year
for twenty years, and $72,000 a year
thereafter.
Louisville Evansville & St. Lonis.—This is the new name of
the Louisville New Albany & St. Louis consolidated company.
The stockholders have elected the following directors for the
-
entire 729 miles as above
outlined, of which all are delivered or afloat,
Europe until needed. Rolling stock has
delivered, except one ship-load for Man¬
zanillo now in transit, as follows: 46 Locomotives, besides 18 more
locomotives, for which payment has been provided and reserved from
the available assets hereafter shown; 84 passenger and baggage cars;
1,174 freight aud maintenance of way cars. Grading is completed on
about 550 miles. Ties have been bought, paid for and mostly delivered
for 582 miles. Track.—The amount of completed road is now as follows:
El Salto, 50 miles; Toluca Division, 21; Monterey Division, 35; Zaca¬
tecas Division, 12; Matamoras Division, 4^; Tlaxeala Division, 2%;
total in Mexico, 125. To which add completed liue in Texas: Texas
Mexican Railway, Corpus Christi to Laredo, 167 miles; Galveston ter¬
minal line, 10; total miles now finished, 302.”
*
*
*
except for 154 miles stored in
all been bought, paid for and
ensuing year: Messrs. John Goldthwait, James H. Wilson,
FINANCES.
Henry B. Hyde, Jonas H. French, William J. Hartchart and J.
“The Construction Company has assets consisting of subscriptions
Payne; Frank B. White of Boston; St. John Boyle and Bennet
H. young of Louisville. Ky.; Edward Cummings of Covington, payable, and cash on hand, amounting to $775,764, which is sufficient.
to
all debts, liabilities, drafts and expenditures to date, as well as
Ky.; Bluford Wilson of Springfield, Ill.; William Heilman and thepay
interest due on bonds next April, but not sufficient to complete the
Wm. F. Nesbit of Evansville, Ind.
above sections. It was scarcely expected that the amount originally
would fully pay for the large outfitting necessary to inaugu¬
Louisville New Albany & Chicago.—The stockholders of provided
rate the enterprise in a new and distant country, to put up the neces¬
the Louisville New Albany & Chicago Railroad Company,' at sary deposits or guarantees for fulfillment of the concessions, and also
their annual meeting, elected the following board of directors: to construct and equip the entire seven hundred aud twenty-nine miles
The cost of the Texas lines it was intended to defray
John Jacob Astor, Robert Lenox Kennedy, Samuel Sloan, H. now referred to.
by a separate negotiation of the Texas Mexican Railway Company, and
Victor Newcomb, R. G. Rolston, E. H. Green. William White- in case of any delay in this or in the negotiation of further bouds of the
wrighfc and J. A. Garguilo, of New York ; E. D. Standiford, Mexican National Railway Company, it wa3 expected as a last resource
R. S. Veech, Isaac Caldwell and Robert R. Hitt, of Louisville, to fall back for the completion of the later divisions upon a portion of
the large subsidy.
The slow progress in reaching Toluca and
and Henry Crawford, of Chicago.
a very stormy
season off Corpus Christi and Manzanillo delayed
the opening of
sections of. the road in Mexico to definite
Marietta & Cincinnati.—The Baltimore Sun reports of the points
on which subsidy could be obtained and traffic could be started.
election in Cincinnati Feb. 15: “The following board of directors And as the returns from these first divisions were relied upon to inspire
others with the conviction held by the managers that the actual results
was re-elected: John Waddle, President; William T. McClintick
in Mexico would be profitable from the first, this delay and the general
and Wm. Waddle, Chillieothe, Ohio ; W. B. Loomis, Marietta, financial situation since last July have prevented so far the success of
Ohio ; Robert Garrett, Henry C. Smith, Wm. F. Burns, Balti¬ those negotiations. The sale of the Texas Mexican bonds has been only
partially successful, and the principal negotiation (that of Mexican
more, Md.; W. W. Scarborough, J. D. Lehmer, R. M. Bishop,
bonds) awaits the better feeling in the monetary world which
Geo. Hoadley, Theodore Cook, W. W. Peabody, Cincinnati.
C. ^National
is expected this coming spring.
Under these circumstances it became
F. Low was appointed Secretary and William E. Jones, Regis¬ necessary to increase the capital stock of the Construction Company by
trar.
There were proxies representing eighty thousand votes. $3,000,000, and to offer it, pro rata, to the present shareholders of that
Not a single share of stock with the exception of such as is company, most of whom have already taken their proportions of the
new capital.”
*
*
*
owned by Baltimore capitalists was voted. No one was present
“For the completion of the entire system of about 2,000 miles, there
with proxies from any city in the East except Baltimore. Very were
originally available :
few persons were present.
The report of the directors was Of Mexican National Railway bonds, at $20,000 per mile.. $40,000,000
presented.
It filled only
one page
of foolscap, and set forth
that the property of the company, including the road, had been
under control of the Court of Common Pleas of Ross County,
where it still remained; that upon the resignation'of John
Add betterment bonds at
$5;000 per mile
10,000,000
$50,000,000
National Railway stock
Besides in subsidies, including the bonuses granted, say...
Also in Mexican
50,000,000
21,500.000
King, Jr., James H. Stewart and Samuel Woodward were
$121,500,000
appointed receivers ; that parties, chiefly composed of persons
these
Company,
after
paying there¬
Out of
resources the Construction
who had pecuniary interest in the road, were maturing a plan
from the bonds and other assets required for the present 729 miles, will
to reorganize the company and take the road out of the hands
certainly be able, by means of negotiations which are now pending, not
of a receiver, and that this plan would soon be reported. No only to accomplish the link of 475 miles between Monterey and Acambaro, needed to complete the whole line from the United States to the
one of the directors or stockholders present could give any
information as to when this report would be presented. The City of Mexico (and which can be built in one year after the money is
provided), but also the remainder of the system of 2,009 miles.”
scheme is entirely in the hands of Eastern stockholders, and
—It is now proposed to raise $3,000,000, as follows: Sub¬
none of them were present in person or by proxy except Balti¬
for this amount will receive $3,000,000 in first mort¬
scribers
more parties.
The report of the directors gave no figures as
to the earnings of the road, but referred for them to the report gage bonds, $3,000,000 in stock and $1,500,000 in Mexican
“
of the receivers to the United States Court. ’
Custom-House certificates.
February
18,1882.]
205
THE CHRONICLE.
the
the Mutual Union
stock limited
Arnoux
granted
order
Mutual Union Telegraph.-P. H. Babbitt has begun, in
Superior Court, a suit in equity against
Telegraph Co., George W. Ballou and others,to restrain the issue
of stock beyond $1,200,000, the amount of capital
articles of association. Judge
by the company's
^ranted a temporary injunction in the suit, and an order to
show cause returnable on Friday. He also
an
directing the officers of the company to produce m court cer¬
tain books and papers. The Tribune says that at the office of
the Mutual Union Company no copy of the complaint in the
suit could be obtained, and the attorneys for Mr. Babbitt
refused to make its contents known. It is understood, however,
as
that the suit is based substantially on the same
those on which a similar suit was brought in the United States
Cireuit Court last December by William H. Cameron of Providence, R. I. In the Cameron suit it was alleged that
tiff was one of the original stockholders of the company, and
that his interests were injured by the increase of the company’s
capital stock from $1,200,000 to $10,000,000 in last
To a reporter Mr. George William Ballou saidi ^ Mr. Babbitt
ii a partner with Mr. Cxmeron, whose suit against
comnv is now <hanfrinfr up'
in the calendar of the United States
Court They are, I believe, agents of R. G. Dun & Co., in
Providence, and a member of that firm i3 Mr. Wiman, who was
Place to the
Scranton coal
The New York Susquehanna
pany
abandons
all
of
field
is
only
fifty miles.
& Western Railroad Comits proposed route to the coal
the Gravel Plaee, and its coal will
fields north and west of
be carried as far as Gravel Place over the Delaware Lackawanna & Western.
From Gravel Place the coal will be trans¬
ported to tide-water over the new line of the New York;
Susquehanna & Western and the old New Jersey Midland
The capitalists interested in the Susquehanna road ha vs
_
_
formed a construction company, with a caoital of $2,000,000, of
also which sum $1,500,000 has been paid in in cash. This company
is known as the Scranton Construction Company. It is constructing the new line of the Susquehanna road. The road
grounds
has secured a controlling interest in the stock of the Pennsylvania Anthracite Coal Company, which holds in fee 3,000 acres
the plain- | 2,000,000
of coal lands.
Thetheannual
is estimated
over
freightage
tons for
next coal
seventy-five
years.
By the atagree¬
September
the
ment the Susquehanna road binds itself to construct and main¬
tain all the branches needed to connect the two roads, including
those to be constructed on the Hackensack meadows west of
Jersey City. The lands to be purchased at Gravel Place are to
be paid for by the two companies, the Susquehanna to pay 63
per cent, of the cost and the Delaware road 37 per cent.
The
agreement prohibits the Susquehanna road from selling coal
between Scranton and Stroudsburg. All taxes are to be paid
by the same company, unless the general government imposes
a tax on the carrying* of coal, when that tax will be divided.”
prominently connected with the controversy over the publica¬
construction contract. The suit is a malicious one,
designed to prevent subscribers to our bonds from paying up
their subscriptions. It is practically the Cameron suit worked
Ohio Railway.—At Columbus, Feb. 16, the case in quo war¬
over.
The tenth instalment from our subscribers was due yes¬
ranto, wherein the Vanderbilt interest was called upon to
terday, but the money has been paid, although the delivery of show
why the Cleveland Columbus Cincinnati & Indian¬
stock to them is prevented by the injunction. I expect the in¬
apolis Railroad and the Cincincinnati Hamilton & Dayton
junction will be removed on Friday without a doubt. The Railroad should be consolidated under the name of the Ohio
whole $10,000,000 of the company’s stock has been issued. Mr.
Babbitt claims to be one of the original subscribers to our stock, Railway, was argued by counsel in the Supreme Court. The
but none of the original $1,200,000 stock was ever issued. In arguments will be lengthy and no decision is expected for sev¬
eral weeks.
regard to the $5,000^000 stock to be given to the bondholders,
we were careful to protect our position legally.
The suit will
Philadelphia & Reading.—A test suit relative to the de¬
cause us temporary annoyance; but that is all.”
tion of our
ferred bond scheme of President Gowen, of the
Philadelphia &
Reading
Railroad
has
been
Philadelphia.
Company,
begun
in
New Orleans Pacific.—This road has been finished from
The plaintiff is Joseph L. Stichter, who was one of Mr. Gowen's
New Orleans to the Atchafalaya River, in St. Landry parish,
and trains are running to said river. Work is progressing on supporter’s at the last election. Mr. Stichter claims to have
subscribed for $50,000 worth of deferred bonds, and now brings
the unfinished gap between the river and Cheneyville.
suit to compel the specific performance of the contract. The
New York Chicago & St. Louis.—A representative of this plaintiff’s attorney filed a bill in equity, reciting all the faetp
^
i- i
Tailroad company has filed with the Recorder of each county in m the case. The suit, it is said, will raise the issue of t&O
Ohio through which the road passes a mortgage for $15,000,- legality of the income bonds.
000. The Central Trust Company of New York is the mort
Tennessee Bonds.—The Funding Act of 1881, which com¬
gagee. The bonds are payable Dec. 1, 1921, interest at 6 per
cent., principal and interest payable in gold coin. The press promised the bonded indebtedness of Tennessee at par and
dispatch says : “ By the filing of this mortgage the first debt three per cent, interest, and made the coupons receivable for
of the New York Chicago & St. Louis Company is recorded. taxes, was declared unconstitutional by the State Supreme
All the money that has been required to secure the right of Court, February 11. Two of the five judges—Ewing and
way, grade and build the road up to the present time has been Deaderick—dissent from this decision.
Reviewing the suit,
furnished by the stockholders, the owners of the road. The Judge Turney, in delivering his opinion, said one of the Circuit
proceeds of this first mortgage are to be applied to procur- jU(jgeg 0f the State had granted a fiat enjoining the Funding
ing further terminal facilities, building depots, and furnishing J]3oasrd on it8 hearing. Tht Chancellor, on his own motion, digthe road with the necessary equipment.’
missed the bill and complaint. The taxpayers appealed. The
Legislature, Judge Turney says, is the creature of the Consti¬
New York & New England.—The Boston Transcript, in
tution, and cannot rise above it, and when the law-making’
its financial article, Feb. 15, said :
“The question of a sale of
power violates the Constitution its act is a nullity, and being a
the New York & New England Railroad Company's stock
not an authority of the State. The Constitution is
held by the State will shortly come before the Legislature of nullity is
the work of the people, and can only be changed by the people.
Massachusetts. The measure to be proposed will authorize a The
Funding Act being unconstitutional, this suit against
second mortgage of $5,000,000 six per cent, bonds, running officers
brought into being by it is not a suit against the
twenty years, to be issued for double-tracking the road and “officers of the State,” but is a suit against citizens attempting
farnisning rolling stock and improvements, and also to pur¬ to commit a wrong, and may be maintained.
chase at 50 the $3,000,000 of capital stock held by the State.
Chief Justice Deaderick, in giving the opinion of the minority,
The $10,000,000 first mortgage bonds have all been issued and
held that the funding act was not void, and that the courts
the proceeds expended, ana the road is now open to the Hudson
have no power to review or reverse the action of the General
River. The State now will be offered three per cent, upon its
Assembly, unless such action violates the Constitution ; and if
investment, which income can, it is supposed, be placed to help it is within the constitutional power of the General Assembly ifc
out the Troy & Greenfield Sinking Fund.
The late advance to cannot be questioned by the courts upon allegations of bribery
80 upon the advent of Gould, Sage, Diilou and Field into the
or fraud.
He holds that the Legislature has the power to
directory was due to a proposal to build a New York & New pass the funding act, there being no constitutional inhibition,
England extension from Danbury into New York City by the that the act is constitutional and not void, and that the Chan¬
way of the elevated railroad tracks. The New York parties cellor’s decree,
dismissing the injunction, should be affirmed.
agree to furnish seven-tenths of the money for this extension; This
opinion is concurred in by Special Justice Ewing.
but for the present the New York project is abandoned.”
The decision of the majority of the Court was made on the
N. Y. Susquehanna & Western.—Messrs. B. B. Kirkland & sole ground that the Legislature could not make valid a con¬
tract making coupons receivable for taxes for ninety-nine years.
£o., bankers at No. 38 Pine Street, gave a JY. Y. Times reporter In
all other respects the act is regarded as constitutional, and
the following facts in regard to the agreement between the
the
majority held that charges of corruption against the Legis¬
officers of the New York Susquehanna & Western Railroad
lature could not be entertained by the judicial department.
Company, formerly known as the New Jersey Midland Railway,
and the Delaware Lackawanna & Western Railway Company: There was not a question in the case touching the liability of
“The New York, Susquehanna & Western Railroad will us"e the Tennessee railroads to a lien in favor of holders of bonds issued
old New Jersey Midland track from the Pennsylvania Railroad by the State in aid of railroads.
—Counsel for the Funding Board made application to the
depot in Jersey City to Middletown, N. Y., where it connects
with the Watertown Unionville & Water Gap Railroad; A Supreme Court of Tennessee to modify the decree in the bond
running lease, which is really a perpetual one, has been ob¬ case, sofcas to enjoin the funding into bonds with tax-receivable
tained of the latter road. A new extension is nearly completed coupons, but to permit the funding to proceed if the bonds do
between Two Bridges, N. J., near Middletown and Blairstown, not contain such coupons. The decisions will in this event
N. J., and the Blairstown Railroad has been leased, thus giving merely have expunged the tax coupon feature from the act.
the new road a line through Sussex and Warren counties, N. J., The funding would then proceed in the bonds with ordinary
to the Delaware River. This new section will run through coupons. The Court has the application under advisement.
Sparta, Newton and Blairstown to the Water Gap, and thence
across the Delaware River into Pennsylvania, connecting with
Vicksburg & Meridian.—Notice is given that the reorgan¬
the main line of tlie Delaware Lackawanna & Western Railroad ization of this company is now complete, and the new securities
at Gravel Place, between Stroudsburg and Spragu^ville, Gravel are ready for delivery upon the surrender of the Reorganiza¬
Place being the northern terminus of the line of the New York tion Committee’s certificates to the Farmers’ Loan & Trust Com¬
Susquehanna & Western Railroad. The distance from Gravel pany in New York. •
M—J
THE CHRONICLE.
206
HTlxc Commercial
COMMERCIAL
COTTON.
Jimes.
EPITOME.
Friday Night,
[Toe. XXXIT.
February 17, 1882.
Friday, P. M., February 17, 1881.
The Movement of the Crop, as indicated by our telegram*
from the South to-night, is given below.
For the week emding
this evening (Feb. 17), the total receipts have reached 72,031
bales, against 86,779 bales last week, 95,057 bales the previous
week and 92,081 bales three weeks since; making the total
important failures in commercial circles
South and West during' the past week, which had material receipts since the 1st of September, 1881. 3,946.318 bales, against
4,396,806 bales for the same period of 1880-81, showing a decrease
affect upon values, causing depression and wide fluctuations.
since September 1, 1881, of 450,458 bales.
They dj not, however, appear to have seriously disorganized
Mon.
Wed.
Thurs.
Fin.
Tues.
Sat.
Total.
Receipts at—
trade, or to have had more than a momentary influence of any
599
396
947
704
1,057
5,46#
1,763
»ort. The weather is becoming spring-like, and preparations Galveston
105
105
Indianola, &c.
for the season’s business are well forward. The lower prices of
3,570 21,244
3,42 4
2,844
6,376
2,927
2,103
New Orleans...
Staples of agriculture have caused a great increase in export.
374
211
420
760
329
1,365
3,465
Mobile
Hiei« have been
....
....
less depressed, but the
decline was not important, except for lard, which, owing to
failures in the speculative interest, quite broke down on
Wednesday and has since been variable and unsettled. To¬
day pork was dull; new mess offered at $18 for March and
April. Bacon was nominal at 9Mc. for long clear and 9%c. for
Provisions have all been more or
Lard wai fairly
but the specula,
tion was dull, closing at ll’lOc. for April, and ll*15@ll'20c. for
May. The regular season for pork packing at the West draws
short clear, and cut meats were barely steady.
active on the spot at 11c. for prime Western,
....
252
Florida
2,233
1,130
Savannah
Brunsw’k, &c.
C-iarleston
Royal, &c.
Wilmington ....
Moreli’d C.,&c
Pt.
....
....
908
996
1,081
....
....
....
299
City Point,&c.
1,24
1,741
....
-
•
.
1,415
1,068
-
....
.
900
1,203
....
334
134
245
257
....
....
....
....
1,614
2,037
2,030
3,025
Norfolk
•
•
8,83#
•
1,131
1,371
6,219
1,371
81
1,40*
833
838
1,397
2,140
....
2,003
12,219
2,601
....
....
....
New York
132
400
793
273
607
994
3 log
Boston
830
474
620
551
410
1,134
4,025
close, and the indications now are that about 5,800,000
swine will be slaughtered against 6,919,000 last season, a
decrease of about 16 per cent., while the exports have decreased
to
....
....
a
....
Baltimore
Totals this week
Beef and beef hams are dull and nominal. Butter
has ruled very firm for choice grades, and the range of prices is
mnusually wide. Cheese is steady, with some improvement in
the export demand.
Kentucky tobacco has continued quiet, but sales for the
week are 450 hhds., of which 350 for export. Prices are firm ;
lugs, 6%@7%c , and leaf 7/£@12?£c. Seed leaf has but a
moderate sale, and the transactions of the week are only 1,150
eases, all from the crop of 1880, as follows :
450 cases Penn¬
sylvania fillers, 6@6/£c ; assorted, 10@18c., and wrappers, 1S@
40c ; 150 cases New England wrappers, 16@35c.; 50 cases State
fillers, 4/£c.; 400 cases Ohio fillers, 4>£c., and assorted lots 6@
6/£c., mostly for export; 100 cases Wisconsin fillers, 3/6e., and
assorted 6@7c. Havana fillers are in better demand, with
sales of 600 bales at private sale, 88c.@$1 15 and 800 bales at
80 per cent.
auction, 30@90c.
Bio coffee has been
119
97
Pkiladelp’a, &o.
6o
«...
....
10,622 15.440 10.750
....
60
....
144
289
649
9.0 47
9,389 10.183
72.031
....
For comparison, we give the following table showing the week’s
total receipts, the total since Sept. 1,1881, and the stocks to-night
and the same items for the corresponding periods of last year.
Sep.
1, 1881.
Week.
Galveston
105
Mobile
Florida
Savannah
Brunsw’k, &c
Norfolk
City Point, &c
1881.
18,787
511,67o
322
13,555
74,128 104,691
......
39,439
224,912
25,024
3S6
19,343
2,220
8,830
646,6Si
13,847
730,300
66,611
6,824
197
4.604
437,771
20,785
10,785
5,017
1,751
525,072
61.237
44,240
105,950
3,512
6,0 is
11,269
21.99U
508,307
52,374
5,697
173.208
1,371
1,400
122,213
21,305
503,923
166,257
127,401
838
12,299
2,003
3,199
v
......
m
m
308.956 277,239
252
0,219
Pt. Royal, &c.
Wilmington....
M’liead C., &c
1882.
3,405
......
Charleston
Sep.
1, 1880.
57,779 1,117,871
7.323
314,018
1,042,524
New Orleans... .21,244
Since
Week.
365,008
12,972
5,406
Indianola,&c.
This
Since
This
February 17.
Slock.
1880-81.
1881-32.
Receipts to
50,4.53
5,086
79,283
67,37#
1,654
5,11#
......
......
18,443
......
......
steady, especially ordinary, but the New York
318,557 198,633
90,007
3,348.390
105,330
9,827
6,845
155,456
Bales have been moderate as a rule; fair cargoes close at 9/£c. Boston
4,025
12,002
20,028
3*,038
00
1,224
17,918
and ordinary at 8/£c.; mild grades have been fairly active and Baltimore
18.150 15,158
1.368
28,181
649
49.314
Pkiladelp’a,&c.
about steady; most of the business, however, has been in
Total
72,031 3,946,34s 140,539 4,390.806 ’,,109,70 • 813,549
Maracaibo and Padang. Tea has shown no marked change at
In order that comparison may be made with other years, we
auction. Spices have been quiet for most kinds, though pepper
totals at leading poits tor six seasons.
has sold more freely at 9]4c. for Singapore in bond; cassia has give below the
1877.
18 <8.
1879.
1880.
1882.
1881.
declined slightly. Foreign dried fruits have been only moder¬ Receipts at—
6,930
8,671
ately active and rather weak, the market being somewhat un¬ Galvest’n.&e.
15,53 L
9,981
19,109
5,57 L
41,860
39,083
55,979
46,8(54
favorably affected by the failure of a large importer. Rice has New Orleans.
57,779
21,244
8.048
5,915
11,096
7,497
7,323
3,465
been fairly active and steady. Molasses has been rather quiet, Mobile
9,708
4,573
12,191
15,020
Savaunah....
8.336
13,847
and refining grades of foreign close at 32@33c. for 50-degrees
5,812
8.091
6,890
7,312
Ckarl’st’n,<fcc
16,402
7,590
test. Raw sugar, after advancing to 7%c. for fair refining, fell
2,213
2.089
991
2,32>>
2,238
1,751
Wilm’gt’n, &c
9,42#
back to 7c., owing to the arrival of a number of cargoes to re¬ Norfolk, &o..
14.374
12,282
15,543
10,960
14,902
23,514
12,979
10.708
17,223
13.362
8,183
finers; refined has fallen to 9%c. for crushed, 9%e. for pow¬ All others....
dered, 9%c. for granulated and 8%c. for standard soft “A.”
88,061
Tot. this w’k.
72,031 146,539 115,307 134,32b 109,736
Ingot copper has been dull for consumption, but some
Since Sept. 1. 3946.34* 4396.800 4048.825 3720,51 7 3181,705 3495,992
ipeculative business has taken place at 19@19/£c. for Lake Su¬
perior, though the regular companies ask 20@20%c. Lead has Wikidr gron Includes Morehead City. &c.; Norfolk includes City Point, &#•
The exports for the week ending this evening reach a total
been quiet at 5/£c. for common domestic.- Spelter has been
of 69,866 bales, of which 58,741 were to Great Britain, 556 to
dull at about last week’s prices. Pig tin has been dull at 25c.
France and 10,569 to rest of the Continent, while the stocks a*
for Straits; plates have sold moderately at slightly easier made
up this evening are now 1,109,709 bales.
Below are tht
prices for coke. Pig iron has been dull, and, while no marked exports for the week and since September 1. 1881.
•hange in prices has taken place, the tone is more in buyers’
From Sept. 1. 1881, to Feb. 17, l#Gi
Week Ending Feb. 17.
Exported to—
favor. American steel rails have been dull and nominal at $56
Exported to—
..
..
'
£58.
Strained rosin has been quiet but steady at $2 30; No. 2 has
•old u ore freely at $2 35@2 40. Spirits turpentine has latterly
ruled steady, though quiet, at 52@52^c. Leather has been in
fair demand and about steady. Clover seed has been quiet
but steady. Hops have been dull and nearly nominal. Manila
hemp has been dull at 10/£c. Linseed oil has sold moderately
at 60@61c. Lard oil has been rather less active at 90@91c.
Hides have been in fair demand and firmer. Refined petroleum
has advanced to 7%c. on a better demand.
Ocean freights have been more active in grain shipments,
and rates have materially advanced. The business in petroleum
•harters* is less active. To-day the business done embraced
I/5*
frain
to Avonmouth
63^d.,forandorders,
Rotterdam
to
liverpool,
To atCork
with; cheese,
25s.
vessels5%d
grain are
quoted at 4s. 9d.@5s. per quarter. Cotton has also been shipped
more freely at 7-32d.@9-32d. to Liverpool, by Bteam.
Exports
from—
Great
BriVn. France
Galveston
New Orleans..
1 !,183
22,255
Mobile
Conti-
Total
Great
nent.
Week.
Britain.
2,907
•
116.677 13,777
375,93) 170,480
15,096
6,313
3,900
110,653 15.43
125.51? 18,287
1,430
49,354
222,013
2,5-iO
11,183
23/222
...
•
Florida
......
•
Savannah
Charleston
.
Wilmington...
Norfolk
•
:
2.13S
Puiladelp’a,&e
1/00
«
•
•
•
•
•
...
••••••
656
3,8 4
New York
Boston
2,414
12,963
6,3 i 7
3,’.9
3,179
2,329
2,075
Baltimore
Total
•••••«
556
58,741
—
10,569
2,414
12,268
uiotuutte
7« 3^6
jo 437
exuurto irom
11
o
Port Hovai,
177,471
696,7*7
45,021
150,317
1,131
22,540
8,900
2' 6.904
243,007
59,60#
140,822
99,202
8,819
15,840
24),438
214.493
17,5 - i
2,138
74.893
••••••
2,075
1,500
46,338
22.601
274,39*
74,89#
6S.B69
33,91w
200
33,17#
69,863 1.389,816 245,798
.
—
v« ’-a
42 398
1
521,352 2.161, #2#
■—
.
-
Total issn«ti
-Total.
nent.
6,4'8 *
_
-
OmtiFrance
O r\or
r
...
<■>
tq
n4
|
F&BRVAKY
to-night also give
the following amoants of cotton on shipboard, not cleared, at
We add similar figures for New York which
the porta named.
prepared for oar special use by Messrs Carey, Yale &
"Tnaddition to above exports,
are
On
17, at—
Feb.
Oreat
Mobile
Galveston..
New
None.
None.
None.
None.
N"iie.
None.
6,350
....
11.800
5,248
2,70o
- - .
York
3,400
Other ports...
30,315
95,491
Total 1881
Leaving
Slock.
Total.
13.900
45.902
1.657
None.
3.350
1,650
900
5,950
6,010
oai-g*
CD
c*
v
o
®
®
m~*
QD
CB -
p,
345.207
124.831
143,364
9*6,345
194,857
648,692
W
»!
s
^
CO
9*i«
10,023
59.028
Strict Ord.. 9^8
Good Ord.. 10" 10
Str. G’d Orel 107s
Low Midd’g 11»10
Str.L’w Mid 1 l9ni
Middling... 11-%
Good Mid.. 12^8
Str. G’d Mid 123q
Midd’g Fair 1278
Fair...
135*
Wed
9M2
10%
105,0
week.
B^g®
1131 B
11710
1158
12
1214
12%
13^2
Fn.
Til.
]
ORLEANS.
Sat.
Mon Toes
87S
815,0
Wed
Middling—
$ lb
978
CM
©
©
9%
12*4
12^
13
in*i«
12316
127ie
12^,6
13%
1311
131116 13%
MM
cit CM
iflci*
0*8
9%
91116
100,6
Til.
~9*i6
9%
101$
1016x6
U716 113s
1111X6 11
1178
1113X6
12%
I23i0
11
127]6
12%
Sat.. Firm
Ex¬
8716
9716
8%
9%
8716
97,0
10%
11%
Con-
732
.
.
Thurs Q’t A st’y, %0 ad.
Fri.. Firm....' ...V
1,235
250
711
233
426
306
862
AND TRANSIT.
Spec-
uVVn
Tran¬
sit.
Total.
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8ALE8 OF SPOT
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M —•
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MARKET AND SALES
-
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113s
105,0 103,6 10%
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Btriot Good Ordinary
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9Ui0
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,
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9i%6 9%
9*2
100,0
Good Ord.. 10\*
103,0 1C516 10%
Str. G’dOrd 101 >16 10%
10%
101516 11
1 1716
Low Midd’g 1118
113,6 ii3i6 1138
IIH10
1 716 H716 115a
Str.L’w Mid 11^8
1U310 1178
Middling... 11®16 1158
115s
12
Good Mid.. 111516 12
12316 12%
Str. G’d Mid 123,6 1214
12%
127,0 12%
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13%
13Hi0 13%
137ia 13^2
^
Ordln’y.$t>
TEXAS.
NEW
11
IOII10 11%
1191<> 117J6
11%
1138
1H316 mV
n
1178
v 12
12%
1115x0 12%
123,6 12% [12%
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reaction, and the close was at a further
decline, though somewhat irregular in its character; and the
final bids for this crop were 40(5)45 points below the closing bids
of the previous Friday. Ia the course of Wednesday, and on
Thursday morning, prices were advancing ; there was a measure
of confidence restored to operators for the rise, and they bought
freely, while there was some demand to cover contracts. The
movement of the crop continued only about half as large as lagt
February, but the weight of stocks caused many to regard the
recovery as premature at best, and on JLhursday afternoon the
decline was rapid and general, the distant months being quite
freely offered. To-day the decline of last evening was fully
recovered, but without activity or buoyancy at the close. Cotton on the spot has been quiet
Quotations were rtdnced %c.
On Monday and l-16c. on Tuesday, and were advanced l-16c. on
Thuisday. To-day the business was more active for export and
home consumption, middling uplands closing at ll%c.
The total sales for forward delivery for the week are 1,397,000
bales. For immediate delivery the total sales foot up this week
6,502 bales, including 3,608 for export, 2,788 for consumption,
106 for speculation and
in transit. Of the above, — bales
were to arrive.
The following are the official quotations and
Moil Toes
®
X
•
CO
I
was a
Sat.
® •
d:
nj
P
O'
•
© I
V
exhauslion of “ margins ”
Feb. 11 to
Feb. 17
.
P
d
X
ci-
d
20
n
p •
£**
09
o
P
MV-
>-*•
O
66,011
partial
UPLANDS.
-1
® Cj
P-mT.
; **3
®
c*
•-> •
® •
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2
P
^r®
§I
X
6*8-® 8
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.
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I-J •
price during the week, though at the close a
recovery.
On Saturday there was a slight further improvement on Friday’s
advance, but on Monday the pressure to sell was renewed, under
reports of failures at New Orleans, the
that had not been made good, and the continued sales on “ stop
orders.” One influence reacted upon the other in contributing
to the decline. There was a better opening on Tuesday, but
sales for ?ach day of the past
*1
©
SO
d*
had another
later there
d
^►d
e+
week of great excitement ^ our Cotton
Exchange. The speculation for future delivery has been very
active at widely ranging prices, showing considerable decline in
We have
C*® at p,
d QD * SB
d-®
2-S-5
|2|g- sssf
o
® at
ts o
&n4
47,227
650
66,914
®
®
311,6*28
*25,539
14.010
20,600
28,226
3,200
3
OQ
9
*d
57,328
3
None.
250
21,321
5,703
64,732
Total..
Foreign
28,183
2,100
7,410
5,600
5.708
23.434
11.800
#ew Orleans...
Coast¬
wise.
Other
daily market, the prices of sal as for each month each day,
the closing bids, in addition to the daily and total sales.
d
Shipboard, not cleared—for
France.
Britain.
Charleston
Savannah
telegrams
oar
Beaver Street.
Lambert. 60
207
iHE CHRGM1CLK
18, 1882. J
©
,
M M
MM
c 01
1 ©
M
I
M
'
M
for September. 31
SeptemSept-mber-November for Noverahw,
511,200; September December for December, l
, 1 ° 1». Be*p
January for January, 4,252,500; also sales for January, 188 J, 300.
A Includes for January, 1883,100 at 11 54.
♦Includes sales m September, 1881,
ber-October for October, 416.400;
Transferable
Orders—Saturday,
Short
Notices
IJ’^c..;
J?pe8daf*
ll*50c.; Thursday, ll oOc.; Friday, 1160c.
for February—Tuesday, 11**0; Wednesday, 11*22^
1130c.; Wednesday,
11*24.
exchanges have been made durmg the week:
■15 pd. to exch. 400 May for Jim*
.75 pd. to exch. 100 Mar. for Aug. ,
•49 pd. to exch. 1 000 Mar. for Jun«
.50 pd. to exch. 2,500 Mar. for June.
•47 pd. to exch. 1,0 jO Mar. for Jun«
01 pd. to exch. 2,000 Mar. for June.
The following
Cotton, as made up by cable and
The Continental stocks are the figure#
totals for Great Britain and the afloat
The daily deliveries given above are actually delivered the day pre¬
for the Continent are this week’s returns, and consequent^/
vious to that,
which fchev
renorted.
brought down to Thursday evening; h*- nee, to make the totals t&e
oi
**
The Sales and Pricks of Futures are shown by the follow¬ complete figures for to-night vFeb. 171 we add the
ing comprehensive table. In this statement will be found the from the United States, including in it the exports of * rtdar *a-T
Total
3,608
# -i
on
are
2,788
....
106
....
....
6.502
*
2,700
Thb Visible Supply of
telegraph, is as follows.
of last Saturday, but the
THE CHRONICLE.
208
700.000
718.000
463.000
43,000
47,300
33,519
743,000
137,000
765.300
121,000
4,830
496,519
46,160
29.300
18,784
Block at London
Total Great Britain stock
Stock at Havre
Stock at Marseilles
Block at Barcelona
Stock at Hammirg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stoc at other conti’ntal port
2.600
35,000
.
503,000
59,250
562.250
130,250
3,000
19.500
2,300
2,300
3,500
1.300
5,500
41,200
16.300
24,500
17,740
21,500
25,700
•25,890
1,200
42,750
599
2.250.
516
Total continental ports..
1879.
1880.
1881.
1882.
.
1,130
884
8,500
1,100
7,270
6,910
1,778
5,750
243,286
217,754
115,751
239.000
47,000
612,270
97.725
528,091
39.442
.1,109,709
843.549
336.911
278,768
22,000
978.017
327.084
625,000
23.000
821.445
182,246
17,000
20,000
e
234,000
408,000
Egypt, Brazil,&c.,aflt for E’r’i
e
.
Stock in United States ports
Stock in U. S. interior ports..
United States exports to-day
801,250
92,000
083.054
144,000
553.000
28.000
986,286
>.
.
5,800
.3,127,706 2,852,371 2.599,629 2,564,941
irican and other
.
American—
•
Liverpool stock....
.
.
.
379.000
197,000
625,000
821,445
182,246
20,000
348,000
101,000
164,000
528,001
978,017
336.911
553,000
843,549
278,768
5,800
22,000
17.000
.1,109.709
327,084
.2,496,420 2,417,317 2,299,192 2,224.691
East Indian,Brazil, dc.—
.
..
..
India afloat for Europe...
Egypt, Brazil, &c., afloat..
Total East India, &c
..
..
203,000
43,000
104,286
234,000
47,000
162,000
47.300
631.286
..
53,754
14.751
59.250
42.000
144,000
97,725
92.000
28,000
39,442
23.000
435,054
300,437
340.250
®
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CO
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tCt0O*-400t0-f-4OI-1O»-if*MMi^ClMM
Feb.
18.
Stock
figures estimated.
The above totals show that the old interior stocks have de¬
creased during the week 8,736 bales, and are to-night 58,143
bales more than at the same period last year. The receipts at
the same towns have been 22,919 bales less than the same week
last year, and since Sept. 1 the receipts at all the towns are
229,948 bales less than for the same time in 1880-81.
Receipts from the Plantations.—The following table :s
prepared for the
purpose
•
has been generally cloudy, with light
reached one inch and two hundredths.
M-l©0CCllf-aD4-MC7'XO’O»MXaClf*if*M
-4aD©oooociif*c;it:ooMtcaoto©MXGCit*
©
highest 75 and lowest 55.
Palestine, Texas.—We have had showers on two days during
the past week, the rainfall reaching fourteen hundredths of an
inch. Some plowing is being done on uplands, but generally it
is too wet.
The thermometer has ranged from 55 to 72, aver¬
New Orleans, Louisiana.—It has rained on two days the
past week, the rainfall reaching fifteen hundredths of an inch.
The thermometer has averaged 61.
Shreveport. Louisiana.—The weather during the past week
MtO
M
provement in the weather in the greater portion of the South
the past week. The rainfall has been much less than during
previous weeks, and the temperature is somewhat higher.
In some sections of the Southwest the streams are still out of
their banks, and the ground is too wet for either moving the
crop or for farm work.
Galveston, Texas.—It has been showery on two days during
the past week, the rainfall reaching thirteen hundredths of an
inch. The ground is still too wet for satisfactory work and
many streams are still overflowed.
Average thermometer 62,
highest 72 and lowest 52.
Indianola, Texas.—The weather has been warm and dry
during the past week, but it is still very muddy. The ther¬
mometer has ranged from 61 to 78, averaging 69.
Dallas, Texas.—It has rained hard on three days during the
past week, and streams which had begun to subside are again
rising. The wheat crop looks well, but nothing else does. The
thermometer has averaged 63, the highest being 72 and the
lowest 54, and the rainfall reached one inch and forty-two hun¬
aging 64.
tob m’-4© to x ci bit* m mm cc it. C:b m
C'G’tCtOXCiCGtCK/Mil*MX>t-MOOMMU’
tOO’UOr--4MMOCtv|f*MtOM C X -4 if* tC M
*4
co
Weather Reports by Telegraph.—There has been an im¬
mometer 64,
S.
CO
CO
That, although the receipts at the out-ports the past week
72,031 bales, the actual movement from plantations was
Brenham, Texas.—It has rained on two days during the past
week, the rainfall reaching seventy-five hundredths of an inch.
The weather shows little or no- improvement. Average ther¬
So
mm
119.851 133.723
115.307 140,539
87.816
364,776 140.997 124,342 78,248
354.303 108.399 156,053 84.644
345.647 107,913 130,757 78,063
330,911 90.41G 145,784 63.29
dredths.
1 *MSloc.b m tolout oo M©b cob xoo1o1f*M© 1 '•-S
ocw
17
:...
378 609 173.971 135.813
only 63,295 bales, the balance being taken from the stocks at
the interior ports.
Last year the "receipts from the planta¬
tions for the same week were 145,784 bales and for 1880 they
were 96,416 bales.
■
pppoi to ©ppMptOit-acpx Mppx
0’<i<y’M-4©oitOit*Mtoooxootoc«©c:if*
Mtcc,T’<ic:©a:cacxMa)rC-<0’QOMc:©M
“
2.
QC ao
tO M
10
were
H1
tO
“
99,990 358.074 274,293
92,081 301,880 273.565
95,057 357.016 282,489
80,779 345,975 279.523
72,031 327,081 276,708
The above statement shows—
1. That the total receipts from the plantations since Sept. 1 in
1881-82 were 4,248,359 bales; in 1880-81 were 4,643,603 bales; in
1879-80 were 4,418,608 bales.
_
X
3.
Feb.
increase in the cotton in sight
pop
M
tO M
Vo oj oo’m to it. to o«o
30
20
to
-I
Ci
“
’31-’S2.
218,907 238,490 230.576 343,503 294.224 397,538 244,942 267.438 263,867
207,001 237.980 201,855 361.926 310,015 400,661 229.024 253,171 210,978
154,303 198,435 195.808 355.943 821,225 416,303 145,323 207,045 205.510
149.480 110,735 152,429 349,859 300,509 408,904 143,402 i. 0,019 142,970
129,489 129.604 114,868 352.383 277.359 390,783 132.01,3 106,454 98.747
“
?: 9
if*
CO
23
“
® P
G>
—
-a
* <
; g.:
:
GO
c
£2.®
“
6
period of 1880-81—is set out in detail in the following statement:
o
10
13
to-night of 275,335 bales as compared with the same date of 1881,
an increase of 528,077 bales
as compared with the corres¬
ponding date of 1880 and an increase of 562,765 bales as com
pared with 1879.
At the Interior Town3 the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
2
9
“
Plant’ns.
’79-’fc0. ’80-’81.
216.167 2L8.341 210.170 2S7.109 248,865 350,384 239,093 219,295 240,831
231,878 243.137 233,344 317,168 205,276 370,247 205,235 209.548 253.227
“
.
an
“
—
Stock at Interior Ports Rcc'pts from
’79-’80. ’80-’81. ’81-’82. ’79-’S0. ’80-’81. ’81-’82
Jan.
..3,127,706 2,852,371 2,599,629 2,564.941
7381.
uLed.
G716(l.
5°ie<l.
indicate
2
Dec.
imports into Continental ports this week have been
53,400 bales.
The above figures
Receipts at the Ports.
Week
124,000
115,000
33,519
..2,496,420 2,417,317 2,299,192 2,224,691
Price Mid. Upl., Liverpool
RECEIPTS PROM PLANTATIONS.
descriptions are as follows.
556,000
497,000
139,000
408.000
.
Total American
the plantations. Receipts at the outports are some¬
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
which finally reaches the market through the out-ports.
week froip
times
ending—
Total European stocks..
India cotton afloat for Europ
Amer’n cotton afloat for Eur’f
[VOL. XXXIV.
of indicating the actual movement each
rains.
The rainfall
ha*
The thermometer
ranged from 55 to 74.
Vicksburg, Mississippi.—We had rain on two days during
the early part of the past week, but the latter portion has been
clear and pleasant.
Columbus, Mississippi.—It has been showery on three days
of the past week, the rainfall reaching sixty-nine hundredths
of an inch. The thermometer has averaged 61, the highest
being 74 and the lowest 40.
Little Rock, Arkansas.—The past week has been cloudy, with
rain on five days, the rainfall reaching one inch and ninety-nine
hundredths.
The streams are overflowing.
Average ther¬
mometer 55, highest 67 and lowest 40.
■
Nashville, Tennessee.—We have had rain on four days dur¬
ing the past week, the- rainfall reaching two inches and sixtytwo hundredths. The thermometer has ranged from 37 to 72,
averaging 57.
.
Mobile, Alabama.—It has been showery on one day the past
week, the rainfall reaching one hundredth of an inch, ike
thermometer has ranged from 46 to 76, averaging 64.
Montgomery, Alabama— It has rained on four days of the
past week, and the balance of the week has been cloudy and
warm.
The thermometer has averaged 63, ranging from 41 to
78, and the rainfall reached seventy-eight hundredths of an inch..
Selma, Alabama.—We have had rain on two days of tne*
past week, the rainfall reaching seventy hundredths of an men*
The thermometer has averaged 63.
THE
18, 1882. J
FEBRUARY
CHRONICLE.
Madison, Florida,—Wo had rain on one day during the
early part of the past week, but not enough to do much good.
The latter portion of the week has been clear and pleasant. The
thermometer has averaged 67, the highest being 79 and the
Georgia—lb has rained on two days of the past
thermometer has ranged from 40 to 7a, averaging 60.
Columbus,Georgia.—We have had warm, sultry, wet weather
209
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
named. The movement each month
since September 1, 1881, has been as follows:
movement for the years
4
Jfoctm,
week The
past week, the rainfall reaching one inch and thirtyhundredths. Average thermometer 63, highest 69 and
during the
nine
on two days during the
and the balance of the week has been pleasant. The
thermometer has ranged from 45 to 76, averaging 62, and the
rainfall reached twenty-four hundredths of an inch.
Augusta, Georgia.—The early part of the past week was clear
and pleasant, but during the latter portion we had heavy
general rain on three days, the rainfall reaching one inch and
two hundredths.
Average thermometer 60, highest 74 and
past week,
^'Atlanta, Georgia.—We have had
rain on three days during
week, the rainfall reaching ninety-three hundredths of
inch. The thermometer has averaged 59, the highest being
the past
71 and the
lowest 41.
Carolina.—It has rained
Charleston, South
during the past week,
hundredths of an inch.
and lowest 47.
The following
Sapt’mb’r
on
two days
Novemb’r
Decemb’r
January
statement
.Above
.Above
.Above
.Above
.Above
Vicksburg
we
high-water mark
low-water
low-water
low-water
low-water
mark.
mark.
mark.
mark.
Feet.
2
35
35
29
44
Inch.
1
2
5
7
O
Feet.
5
29
14
21
32
Inch.
3
1
4
8
7
Perc’tage of tot. port
779,237
893,664
613,727
98,491
/ 8,o33
822,493
900,119
639,610
5
236,868
675,260
901,392
787,769
500,680
75-34
73 52
7103
76-82
1830-81.
1879-80.
1878-79.
1877-73.
1876-77.
“
“
“
“
“
“
“
“
“
“
Depart¬
“
ment.—The following statement in regard to the condition of
cotton was issued by the Department of Agriculture February
“
received, although we no more understand
meaning than we do the purpose cf its issue.
We give it as
A supplementary cotton return, made after the close of the harvest,
■with an effort for unusual completeness, has resulted in obtaining
county estimates covering seven-tenths of the entire field of produc¬
tion, or 506 counties. The December return represented but 43 per
cent, of the cottou area. The inquiry calling for comparison with last
year’s product was divided—first, to show the result on the basis of
equal areas; second, tho modification by increase or decrease of aoreage.
The result makes the State percentages of last year’s product as follows:
North Carolina, 82; South Carolina, 80; Georgia, 86; Florida, 90; Ala¬
bama, 86; Mississippi, -80; Louisiana, 86; Texas, 75; Arkansas, 59;
Tennessee, 60. This increases somewhat the indicated yield of December
returns, but still falls short of the indications of condition in Oot. of 1880.
That average of condition pointed to about 5,370,000 bales. In October,
1879, tho average was 80. On this basis a comparison by October con¬
ditions would point to a result fully as large. It is probable that the
panic and depression naturally caused by reduced production has had a
slight conservative tendency upon these final returns, yet the discrep¬
ancy between these and the previous returns of condition are not wide,
showing an inevitably large reduction in yield.
Tho returns of area make the increase of acreage in 1881 about five
percent., and the total acreage about 16,500,000 acres. A table by
States will so^n be published. Returns of losses by the eotton cater-
J)illar indicate
of about
300,000
an aggregate
losscent.;
TheAlabama,
heaviest
In Florida,
14 per
Louisiana,
11 bales.
per cent.;
ossesare:
3,741,549 4,025,800 3,763,011 3,269,740 3,039,216 3,101,969
8.
12,592
36.304 4 28,495
22,962
23,463
2....
13,075
11,049
S.
22,580
19,795
22,487
3....
8.
21,769
22,318
20,354
23,729
23,011
4....
27,938
15,203
10,059
8.
35,541
38,564
5....
8.
26.031
15,582
23,999
20,000
28,732
6....
8.
16,697
21,929
22,343
23,378
25,353
7....
14,970
20,763
11,239
16,653
25,634
17,146
8....
12,207
8.
23,435
22,806
24,175
19,637
9....
18,721
34.433
8.
13,350
15,100
25,768
10....
19.496
3 4,476
8.
17,049
12,915
15,706
11....
8.
10,622
27,674
18,057
19,174
26,965
8.
12....
23,264
29,683
17,632
22,370
29,647
13....
8.
15,440
25,523
21,048
20,075
24,479
14....
10,750
23,391
20,967
29,598
14,800
11,948
15....
8.
9,647
19.836
10,070
16,652
20,474
*
16....
8.
13,579
23,239
9,389
13,249
19,536
17....
S.
16,133
20,037
18,058
33,559
11,673
Feb. 1....
“
16 feet above low-water mark at that point.
A Supplementary Report by the Agricultural
or
'
“
Total
cent.; Mississippi, 6 5-10 per cent.; Arkansas, 3 7-10 per cent.;
Georgia, 3 6-10 per cent.; Texas, 4 per cent., and South Carolina, 2 5-10
per cent. Very small losses occurred in North Carolina and Tennessee,
in Missouri and
Virginia.
New York Cotton Exchange.—The following
members elected since our last report:
is
a
list of
new
3,916,348 4,357,032 4,045,7S2 3,612,400 3,383,213 3,426,034
Percentage of total
port rec’Dts Feb. 17
74-17
80-83
81-90
77-97
84-84
This statement shows that the receipts since Sept. 1 up to
to-night are now 410,684 bates less than they were to the same
day of the month in 1881 and 99,434 bates less than they were
to the same day of the month in 18S0.
We add to the table
the percentage's of total port receipts which had been received toFebruary 17 in each of the years named.
India Cotton Movement from all Ports.—The figures which
collected for us, and forwarded by cable each Friday, of
the shipments from Calcutta, Madras, Tuticorin, Carwar, &c.,
Are now
enable us, in connection with our
previously-received report from-
our readers with a full and complete India
movement for each week. We first give the Bombay statement
for the week and year, bringing the figures down to Feb. 16.
Bombay, to furnish
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Shipments this week.
Year Great
Conti¬
sxnce
Jan. 1.
Conti¬
Receipts.
This
Week.
Since
Total.
1882 24,000 13,000 37,000 133,000
1881 13,000 -3,000 16,000 40jp00
74.000
64.000
285,000
169,000
34,000
31,000
53,000
27,000
207,000 50,000
104,000 30,000
87.000 36,000
58,000 22,000
109,000
nent.
Total.
Shipments
Great
Britain
nent.
Rrit’n.
10 per
none
68-53
1881-32.
1871,
and
283,843
689,264
1876.
This statement shows that up to Jam. 31 the receipts at the
ports this , year were 884,251 bates less tiian in 18S0-81 and
26,462 bates less than at the same time in 1879-80. 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
for the different years.
“
its
333,643
883,492
942,272
956,464
647,140
1877.
.
receipts Jan. 31...
reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-wrater
mark of April 15 and 16,1874, which is 6-10ths of a foot above
New Orleans
15.
1878.
Total year 3,741,549 4,023,800 3,763,011 3,269,740 3,039,246
3,101,969
“
Shreveport
1879.
Tot. Jn.31
Feb. 16, ’82. Feb. 17, ’81.
Nashville
.
Average thermometer 66, highest 75
-
New Orleans
Beginning September 1.
1830.
425,770 458,478
837,349
968,31S
951,073 1,006,501
933,440 1,020,302
543,912
571,701
the rainfall reaching twenty-nine
have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
February 16, 1882, and February 17. 18S1.
Memphis
1881.
Ootober..
^Savannah, Georgia.—lb has rained
an
Year
Monthly
Receipts.
1880
8,000 15,000 23,000
1879
7,COO
6.000 13,000
Jan. 1.
152,000
According to the foregoing, Bombay appears to show an
compared with last year in the week’s receipts of 20,000
bales, and an increase in shipments of 21,000 bates, and the
William Menzies, Jr., 132 Pearl Street, New York.
shipments since January 1 show an increase of 103,000 bales.
The names of visitors to the New York Cotton Exchange for The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for
the same week and years has been as follows,
the past week have been as follows ;
F.
Crauz, 131 Pearl Street, New York.
W. P. Atkinson, 60 Stone Street, New York.
William Hayes, L32 Ckuroh Street, New York.
A. W. Mayer, Richmond.
J. W. Jones, Yonkers.
E. G.
Doolittle, Montclair.
J. B. Ferguson, Richmond,
W. A. Hamphill, Atlanta.
L. P. Davis, Fall River.
8. J. Arrington,
increase
CALCUTTA, MADRAS, TUTICORIN, CARWAR, RANGOON AND KURRACHEE.
George M. Atur, Springfield.
Walter Elsler, Sherburn.
H. S. Buckner, Dallas.
J. H. Morton, Chicago.
B. Jones, Chicago.
J. N. Cennous, Concord, N. C.
Shipments this week.
Year.
Petersburg.
Old Cotton.—The following we find in the Savannah News
of
February 11:
The Times. reports that there
were
four bales of cotton
reposing in his gin house
ever
since.
He
was
offered forty-seven ana a half cents for it in 1865, but would
not sell because he
thought the revenue tax of three cents pei
pound was unjust, and he said he had rather burn the cotton
by the Government. He had at
of one hundred bales of cotton,
Comparative Port Receipts and Daily Crop Movement.—
comparison of the port movement by weeks is not accurate
•a* the weeks in
different years do not end on the same day of
A
1882
1881
1880
Conti¬
nent.
11,000
3,000
9,000
5,000
3,000
5,000
I£f79
u
brought to the Columbus market Wednesday from the planta¬
tion of Col. F. Terry, who lives near
Waverley Hall, Harris
CoJ®ty,
that was grown and gathered In 1860, baled with ropes,
ana have been
tnan submit to such
injustice
tne close of the war
upwards
and still has a few more left.
Great
Britain.
2,000
Total.
Shipments since January 1.
Great
Britain.
57,000
58,000
14,000
11,000
3,000
7,000
11,000
19,000
Conti¬
Total,
nent.
28,000
45,000
6,000
10,000
85,OOt
103,000
17,000
29,000
The above totals for this week show that the movement from
the ports other than Bombay is 3,000 bales more than same
week last year. For the whole of India, therefore, the total ship¬
ments this week and since Jan. 1,1882, and for the corresponding
weeks and periods of the two previous years, are as follows.
EXPORTS TO EUROPE FROM ALL INDIA.
1882.
Shipments
alt Europe
to
.
from—
Bombay
All other
Total
p’rts.
1881.
1880.
week.
Since
Jan. 1.
This
week.
Since
Jan. 1.
This
week.
37,000
14,000
207,000
85,000
16,000
14,000
104,000
103,000
23,000
3,000
87,000
17,000
51,000
292.000
30.000
207.000
26.000
101 OOO
This
Since
Jan. 1.
210
[VOL. XXXIT.
CHHON1CLE.
THE
Include the manifests of all vessels cleared np to
affords a very interesting comparison of the night of this week:
total movement for the week ending Feb. 16, and for the three
New York—To Liverpool, per steamers Arizona, 1,843
yean up to date, at all India ports.
of Brussel, 856 ...Lassell, 1,105
This lvifc statement
To Havre, per steamer France,
To Bremen, per steamer Gen’l
To Antwerp, per steamer
New Orleans—To Liverp'Md, per
we
of the
previous two years.
Alexandria, Egypt,
Feb. 16.
Receipts (cantars*)—
This week....
1
Since Sept.
■sports (bales)—
To Liverpool
To Continent
Total Europe
*
A oantar
1880-81.
40,000
t2.572.000
2,430,000
Upland
Peterson, 1,743
Upland
To Amsterdam, per bark Edw trd Waenerlaud, 1.50 » Upland
Texas—To Liverpool, per ship Julius, 3,965; per barks C. S.
Parnell, 2,647; Ross. 1,310; Mark Twain, 2,793
To Bremen, per bark Alamo, 2,177
Baltimore—To Liverpool, per steamers Guillermo, 2,568
Texas, 3,250
BOSTON—To Liverpool, por steamerd Batavia, 4LI; Parisian,
1,520
Phil adelphia—To Liverpool, per steamer Lord Gough, 1,809...
3.120,000
Since
This
Since
Sept. 1.
week.
Sept. 1.
Sin^e
This
week.
Sept. 1
219,500
165,000
5,579
73.077J
9,275 135,032
23,016 324,658
5,579 238,077'
9,275 354,532
t Revised.
Total
receipts for the week endiDg
the shipments to all Europe
shows that the
40,000 cantars and
This statement
were_23,016 bales.
Market.—Our report received from Manchester
to-night states that the market is quiet but busier at a decline
in prices for both twists and shirtings.
We give the prices of
to-day below, and leave previous weeks’ prices for comparison:
Manchester
Gott’n
Twist.
d.
d.
Deo 16
“
23
“
30
Jan. 6
“
“
“
13
20
27
Feb.
“
“
TTpl is
d.
<3
6
938*10
930*10
938*10
930*10
6
6
6
6
6
6
6
6
6
6
6
6
6
5
93g3> !)7a
7*4*8
7*4*3
6
6
8*4 lbs.
Shirlitigs.
Uplils
d.
8.
H
0^*8
6*4
67
Exported to—
Jan.
25.
up at sea
Sept. 1.
year.
9,130
3,804 214,493 203,382
260
25,195
523
556
17,501
Other Frensh ports
Total Frmch
Bremen and Hanover
317
523
26)
556
17,501
25,195
1,476
1,211
1,595
1,827
24.335
12,597
4,429
21,584
41,361
42,288
Hamburg
Other ports
30
150
2«
Total to North.
1,496
Europe
As
16.88c
The Following are the
Boston,
since
460
953
200
1,037
1,413
6.6S9 274.392 272.278
Receipts of Cotton at
from—
This
Since
week.
| Sept. 1.
Texas....
1,970 156,000
2,360 89.591
Savannah
8,096 198,012
■. Ori'ans
Mobile...
Florida.
8. Oar’Una
■Oar'll na
......
North, pts
This
week.
1,107
1,25 J
......
941
53.803
......
1,832
.
......
......
4,213 155,916
Sept. 1.
Sept. 1.
Baltimore.
This
week.
23,640
4,863
^
^
Sept. 1.
92
•
_
« ^
.
.
.
^
.
.
.
.
.
.
^
.
__
1,415
39,129
1,044
71,662
......
^
.
g, *
...
.
870
762
17,473
17.414
1,013
63,752
.
325
56
15,111
8,833 295,725
2,852 66,779
2,970 165.287
Last year. 27,965 793,218 11.374 259,304
861 48.317
3,633 165.426
Foreign..
This year. 24,127 916,276
Shipping
News.—The exports ot cotton from
the Unitei
week, as per latest mail returns, have reached
#7,925 bales. So far as the Southern ports are concerned, these
are the wme exports reported by telegraph, and published in
tha CaBffncbB last Friday. With regard to New York, we
States the past
sail
Tues.
Wednes.
Thurs.
Fri.
316*)14
316^*4
716**3
3162>*4
3l('**4
710* *2
310 * *4
310* *4
3lft * l4
31Q * *4
SI0®*4
316**4
716**2
7lO*
716*
Do
.
.
.
....
•
.
V
*9*
716
....
....
38*716
1132
d. 38*716
1*32
*
%
38*716
**32
*32
....
....
....
....
....
ht*
7lS*
*2
*12
*3
*2
....
e.
....
....
....
•
....
....
....
.
.
716
716
716
sail...d.
Baltic, steam
Do
saU
4
716®12
7]6**2
c.
.
V
V
716'®*fl
71G® *2
.-.
....
....
....
....
....
Hamburg, steam, d.
Do
saiL..d.
Amst’d’m, steam.c.
•
....
•••
Compressed.
Liverpool.—By cable from Liverpool, we have the following
ftatement of the week’s sales, stocks, &c., at that port:
Feb. 3
Jan. 27.
Feb. 17.
Feb.
...
,
\
8ales of the week
Of which exporters
bales.
took
speculators
Of which
....
took..
Sales American
Actual export
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the
Of which American
week
Amount afloat
Of which American
week ending Feb.
been as follows:
Spot.
\
j
lid.Upl’ds
Sales
Spec.&exp.
2,900
1,940
36.000
3,000
8,000
Firm.
Easier.
6*3
C*s
6**16
10,000
1,000
6**16
10,000
45,000
45,00u
3.40U
9,»0U
4,100
9,6 )0
655,000
473,000
92,000
73,000
366,000
632,000
452,000
631,000
4,000
45
3.700
60.Oot
3,200
1.295
61,000
2,500
48,50b
70,000
89,000
64,000
50,000
296,000
208.00c
360,000
248.000
17. and the daily
Saturday Monday.
iViij.Orl’ns
.
•
......
51,431
29,190
2,760 37,589
3.199 127,461
2,036
Do
m
....
.
c.
Since
4,017 151,431
Toon.. Ac.
sail
12:30 p.m
6.949
67
Since
Since
This
week.
Liverpool, steam d. 316*a4
Do
sail...d. 31(5* *4
c. 7ie**a
Havre, steam
Market,
3,251 124.671
.
Virginia..
......
Philadelphia.
Boston.
New York,
the past week, and
Philadelphia and Baltimore for
September 1, 1881:
New York.
Oy3o2
200
12.988 19,223
Mon.
Satur.
15.352
200
837
All other
CteAXD Total
2,329
1,775
1,211
Spain, Op’rto, Gibralt’r,&c
Total Spain,
502
to vessel!
for Liver¬
broken, had a new
picked
nine large bales of oottou, appar¬
and landed here are
Bremen, steam, .c.
-
317
Orleans tc Tara Cruz, 975
without marks, and have evidently been some
and are believed to be spoiled.
Frithiof, bark (9wed.), Borirn, trom Savannah Jan. 17, arrived at Liver¬
pool Feb. 14, with loss of sails and decks swept.
Cotton freights the past week have been as follows:
Do
Britain 15,075 11,054 17,138
Havre
67,92$
568
1,650
time iu the water,
period
prevVu
5,456
totals arc, from New
ently American,
Total
since
1,342
150
506
3,561
2.002
8,703
556
(Br.), befoiv. reported, from New Orleans
pool, which put into Halifax with her propeller
one placed in position, and sailed tlieuce Feb. 11.
Weymouth, E., Jan. 27.—Among other goods which have been
3,804 209,037 194.252
14,569 10,904 15,846
Liverpool
Other British ports
Total to Gbrat
Feb.
15.
Feb.
8.
Feb.
1.
5,818
Bristol, steamer
Same
Week ending-
3.243
12,892
.
Below we give all news received to date of disasters
carrying cotton from United States ports, etc.:
1. 1881.
New York since Sept.
•
•
......
1,800
Included in the above
this week show a
the total reaching 6,689
bales, against 19,223 bales last week. Below we give our usual
table chowing 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, 1881, and in the last column
the total for the same period of the previous year:
Cotton (bales! from
9,826
^
......
bales. '
The Exports op Cotton from New York
decrease, as compared with last week,
Exports op
563
1,650
1,931
Total... 43.905
d.
d.
s.
6.689
25.726
3,561
......
Total.
.....
......
"LSOO
Philadelp’a
9»8 *10 7 0 @8 1*4 6*3,6
7 0 @3 1*4 6**16
95g *10
0
1*4
@8
7
95s *10
97a *10^ 7 1*4*8 4*4 634
65s
9% @10*4 7 0 @8 3
93s @ 10*4 6 97s*8 27e 6^16
938 *10*4 6 978*8 27S 6916
93a @10*4 6 978*S 27fl 6916
938 @10-4 6 978 *8 27fl 6718
958 @10*4 0 10*4@8 27e 671Q
634
0
'ft) 7 10*4
d.
d.
6®is
<>: *16
6**16
6^16
6*‘16
0
0
*8
*8
32# Cop.
lwist.
d
d
0
0
0
0
0
0
s.
*8
*8
*3
*8
*8
9*4*10
9*4*10
938*10
938*10
31
MM.
Shirtings.
8.
9*4*10
10
17
8*4 lbs.
CoWn
Mid.
topol.
1,500
1,743
2,177
10,716
2,177
5,818
1,931
1,800
67,925
Norrko- Barceping. Iona.
2,961
N. Orleans. 21,790
Charleston.
4,017
Savannah
Texas
10,715
Baltimore..
5,818
Boston
1,931
1,500
arranged in our usual
S&bas-
Amsterdam d
pool. Havre. Bremen. Ayio'p.
502
556 1,827
3.804
New York..
188C-81.
'
32# Cop.
.
particulars of these shipments,
The
Liver-
1881-82.
'56j
1,743
Tc Barcelona, per brig Amabel Teresa, 068
Savannah—To Bremen, per bark M. Smith
70,000
70.000
15,000 200,000
8,016 124,658
is 98 lbs.
Feb. 16 were
1879-80.
1831-82.
This
week.
Total ^fifu
City
3104
5:6
’55a,
Werder. 1,827
\ gl7
Rliynland, 502
’jqj
steamers Andean, 4,373
Riverdale, 6,075
Warrior, 2,76o
per ship Mabel Tay¬
lor, 4,823
per bark Hugh Cauu, 3,759
f 21.7*0
To Bremen, per steamer Gladiolus, 2,961
2,961
To Vera Cruz, per steamer City of Merida, 315 ...
660
970
Charleston—To Liverpool, per barks Crowu Jewel, 2,288 Up*
Shipments.—1Through arrangements
have made with Messrs. Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movements
of cotton at Alexandria, Egypt. The following are the receipts
and shipments for the past week and for the corresponding week
Receipts and
Alexandria
Wednesday
232,900
closing prices of spot
Tuesday.
Wednes.
Dull
and
easier.
Easier.
O710
0**16
(
10,000 -
6,000
500
500
500
1,520
46,500
5,700
8,800
700,000
497,000
114,000
75,000
382,000
•
222,000
cotton, havs
Thnrsd’y.
Active
68j
58,000
3,500
and
firmer.
6^8
6916
15.000
Friday.
Steady.
67i«
6^8
10.000
1,000
1,000
Futures.
)
j
Market, )
Marker,
12:30 p.m.
5 P. W
\
Weak.
Firm.
Flat.
Firm.
Stoady.
Firm.
Quiet.
Weak.
Quiet.
Quieter.
Weak.
Barely
steady.
The actual sales of ruLUres
below. These sales are on
nuless otherwise stated.
Delivery.
Fen
Feb.-Mar
Mar.-Apr
d.
tor cue satire week are give®
Uplands, Low Middling danse#
ai Liverpool
the basis of
Saturday.
Delivery.
6»6S* Apr.-May
6*6** May-June
6l7aa Jiiu*July..
.
d. I Delivery.
6U>32 I JiUy-Aug .... ..
-6**3* Aug.-rfep*..
61>i«9233a | Feb.-Mar
.
f*
M.... 6 l&32'®Tlfl v 333
Fsb.-Mar 21*32
i5
..
,!l*
M*r.-Ai>ril
Fsb
.611
’2
A.tr—
Aug.-Sept...
Apr.-May ...
I Aprll-May.
6is
Ohioago
I July-Aug..
6uis
Milwaukee..
I Aug.-Sept
67I6
May-J un^...
® *8
..
•
May-June
6®ig
June-Tuly.
6%
Feb.
Feb.-Mar..
Aug.-Sept
Apr.-May
May-June
62332
6iT.?2
61232
-.6l532
Feb.-Mar
une-July
Mar.-Apr
*>15{2
6U10
6*2
May-June
658
..
o3-532
49/250
624.295
1,775
20,400
495,250
134.000
...
.6%
-.
I July-Aug
I
..
.61332®%
.
<>1&32
.....6l732
61032
....67i0
f>7ie
6‘532
Feb
Feb.-Mar..
Mar.-Apr..
.
-
61732
.....61932
62132
..
May-June.
June-July.
....
>32
6ig
Feb.-Mar..
July-Aug..
63*
69ie
Aug.-Sept. 61316®2532
Mar-June.
June-July
62
Aug.-Sept
vfar.-Anr
8 909
9,959
35T
15,309
8.630
.
8,651
17,000
15,959
929,026 2.293,764
73 4.300 307.425
139,193
585,547 1,18L.65S
529.9u0 127.822
35,359
03 279
35,209
Comparative receipts (crop movement) at same ports from
August 1,1881, to February 11, 1882, as compared with ike pre¬
6%
611.16
611*32
65s®ai32
.
6iii
339.376 12M07
47.250 122.129
4.569
179,682
Flour
1881-82.
1880-31.
1879-80.
1373-79.
4,580,52(5
4,841,959
2,362.553
9,528.0(59
30.376.672
9.5 48.527
3,059,138
53.163,331
69,988,691
25,017,488
9,775 846
2,752 900
138.45J.9J3
165.703.258
bbls.
Wheat
hush.
73.937,133
21.535.333
/tern
Oats
Apr-May
85k
(32 lbs.) (48 lb*.) (56 Iks.
(56 lbs.)
817.675
78.930
193.837
34,527
vious three years :
Apr.-May..
May-June.
Friday. P. M..
v
Barley
Rye
Total grain....
February 17, 18«2.
market, was dull early in the week and prices
There was a fair export demand, but the local
It was not, however, until Wednesday that
any decline took place. Then prices gave way somewhat, in
sympathy with wheat, and were more or less unsettled. Rye
flour has also shown some depression, and trade has been dull
in corn meal. Buckwheat flour, however, brought very full
prieps. To-day the mai ket was quiet.
market was depressed by speculative complica¬
West—prices yielded from day to day, and on
Wednesday broke down materially under advices of an im¬
portant failure at Chicago and on something like a panic with
the “bull” party in that market. No. 1 white in this market
sold at $1 32 on the spot; No. 2 red winter, $1 32^, on the
•pot and for March, $1 34^2 for April, $1 34 for May, and
$1 30}£ for June. Yesterday there was a prompt and decided
recovery; the export business had been large enough to re¬
lieve the pressure of stocks, *»nd speculative confidence was
restored. To-day the market was dull and weak; No. 2 red
winter, $1 35>4 for March an i $1 33 for May. A report from
the Bureau of Agriculture at Washington says the crop of
wheat in the United States in 1881 wa9 22 per cent, less than in
1880, the aggregate for 1881 being 380,280,000 bushels, valued
$453,000,000
Indian corn has declined, but not so much as wheat. It has
been less affected by speculative influences. On Wednesday—
the date of the greatest depression—No 2 mixed sold at 66j£@
68c. in store and afloat, 66j£c. for March, 67^c. for April and
for May. Other grades have been irregular and
To-day the market was easier, No. 2 mixed, 69/£e.
unsettled.
for April
64 032.767
56.8 '0,145-
64.767.48*
49,429,219
19.213.411
8.069,639
16,02 5.106
8.810.467
3,156,36 4
1,376,512
143.96J.34.)
142.856,244
Comparative shipments of flour and grain from t,h« same
Dec. 26, 1881, to Feb. 11, 1882, inclusive, for four
ports from
years:
Fiour
bbls.
Wheat
Corn
Csts
buffi.
1879-80.
453.355
187^-79.
778 438
2.095.103
1,441,589
3.161,713
5.254,520
3,424 030
6,23 ',223
4,250,519
1,399,115
1,5 '5,620
993.297
33 4,460
450,9 17
233 590
662.023
9.755.459
9 859.967
1881-32.
965.815
1830-31.
1.130.415
2.549,066
9.240,062
4,445,528
>8 1,813
301,187
Barley
Rye
favored buyers.
trade was dull.
68^c.
...
.69,e
BREADSTUFF S.
*t
3t. Louis
Peoria
Duluth
May-June.
Friday.
| June-Tuly..
Apr.-May.. ..B1^® l7:i2
May-June . ..69i«®1932 I Apr.-May
The wheat
tions at the
Cleveland...
June-July
Feb.-Mar.
62532
Aug.-Sept
-vA}5***1®
Apr.-May.... 6
May-June
^”<2
June-Julv
The flour
35,829
12.452
36 400
160/253
12,81.7
2,533
...
April-May
61330®%
Feb
0<i6
busk.
135
Total..
Thursday.
6716
67i<-
Toledo
Detroit
8ame time ’81.
621 ^2 June-July
Feb
Feb.-Mar
Mar.-Apr..
Feb.-Mar
Barley,
bush.
63,569
...
.6%
.6 !g
69l3
6 Ss
.
Mar.-Apr—
■6U16
Oats,
bush.
...
....
.6%
61
Aug.-Sept
Apr.-May.. .6l532®716
glib
June-July
July Aug..
61332
6OI32
June-July
July-Aua:
«ll3o®%
Feb.-Mar..
Mar.-Apr.. 61332®^
® 13,2
Feb
I June-July.
Feb
'V.b.-Mar.
May-June
July-Aug
617i3
6^2
Ma.y-June
I
Corn,
bush.
(60 lbs.)
167.003
173,847
152.4G0
128.973
9,800
276.543
W F.DNE8D A Y.
Feb
Feb.
6%
TDE3DAY.
Feb.-Mar..
Mar.-Apr.. ...G*)8®7IS
Apr-May . ...6l5-t2® *2
May-June ...6*2® 1732
June-July. -6®jG® ,932
..621<2
Juiy-Aug .
Aug.-Sept. 63.332® 1110
.
6%
Mar.-Apr—
Kay-June • - -•b21 *■.® ^
June-July
blli«
d.
d.
f
Delivery.
Delivery.
Tuly-Aug... ..6*»3*3i I Jtme-Jnly
Mav-June...
Wheat,
Flour.
bbls.
(196 lbs.)
62.974
Monday*
Delivery.
211
CHRONICLE.
THE
lf« 188S.J
pBBfttrACT
17,417.653
12,101.110
Rail shipments from Western lake
ireeks ended:
Total grain
....
Flour
Wheat
115,389
63,530
123.849
189,745
281,3"7
1,418,077
176,513
503.32S
800,008
242,933
251,526
1,496.593
612,579
700,352
60 J.9 h)
91.975
42.7)1
1.639.7o3
2,510,305
Corn,
bush.
bush.
251,5 26
33 <,937
1,862.417
1,301.920
337.527
359.622
1.767.070
1,330.762
70,609
23,006
1,997,667
1,619,882
B
Oats,
621,752
Receipts of flour and grain at
irley,
Bye,
bush.
62 7,364
bush.
1 10.2 27
busk.
39.875
785.3 19
121.525
L 1 7.913
89.840
39,029
831.3 15
816.6-4
51,877
36.804
439.505 167,535
6,762.169 3.091,7 12
3,150.583 2.071,121
1,332,612
4 w’ks’81 ..620.347
96 4L4
22,359
from same ports for last four weeks:
Wheat,
Flour,
Tot.,4 wks.574.349
Week
Feb. 15.
bush.
ending—
Feb.
Feb.
Jail.
Jau.
Feb. 14.
150,296
....
oots.
11... 150/296
4... 147,062
2S...149.606
21...127,335
1879.
Week
bbls.
Rail and lake shipments
Week
1880.
Week
12.
11",2 27
39.3 75
Total...,.
1881.
Feb.
Barley
Rye
for the
and river [.orta
1882.
W eek
Feb. LI.
C >rn
O.tts
187,096
417.739 166,937
seaboard ports for the week
ended Feb. 11:
Flour,
Wheat,
Barley,
Corn,
Oats,
bush.
bush.
2 41,404
bbls.
bush.
374/202
54,525
347.505
547,125
32.400
8,500
3,950
43,000
9 4,800
152.300
106.345
2,800
7,700
69,600
Baltimore
75/299
53,483
7,546
9.030
20,548
24,439
New Orleans...
22.037
33,500
93,770
£2/205
At—
New York
Boston
Portland
Montreal
Philadelphia...
Total week... 212,437
bush.
85.750
9,150
2,0‘K)
14,400
......
489.054 111.30®
287,995 128,150
602,877 1,182,700
851,003
T
&.
11,950
2,600
900
600
1,519
17.450
32,746
and TO^c. for May. The' Agricultural Bureau Oor. week’81.. 197.,85 701,300
Total. receipts at same ports from Dec. 26, 1881 to Feb. 11,
reports that the crop for 1881 was 1,195,000,000 bushels, or 31
1882, inclusive, for four years :
per cent, less than in 1880.
1879-80.
1878-79.
1880-31.
1881-32.
Rye has been dull and drooping. Barley is in light stock,
1,13 L,036
1,177,541
1,654,949
bbls.
Flour
1,343.797
and with a very moderate demand prices are well supported.
4,239.612
8,794,847
6,270 083
4,267,319
Barley malt is steady. Buckwheat has been quiet. Oats have Wneat
bush.
9,819 877
11,060/253
6,313,1*)8
4,399.747
ruled firm, except at periods of momentary depression, and Corn
1.598,811
2,135.009
2,238,10.)
2,957.892
Oats
711.094
yesterday were active and higher, with some speculation. Barley
767.470
723.500
752.337
128,637
233,457
237/245
70.839
To-day the market was ouoyant, No. 2 mixed selling for future Rye
delivery at 48%@49%c. for May. The Agricultural Bu.eau
Total grain
15,787,130
12.943,634
18.331.976 21,358,036
reports the crop of rye at 20,704,950 bushels, a reduction of 27
The visible supply of grain, comprising the stocks in granary
per cent, from 1880; ' barley, 41,161,310 bushels, a reduction
of 9 per cent.; buckwheat, 9,500, .00 bushels. The product of at the principal points of accumulation at lake aDd seaboard
oats is 416,481,0 ;0 bushels, against 417,885,380 in 1880.
ports, and in transit by rail and water, Feb. 11, 1882, was as
:
,i
....
follows:
FLOUR.
'
No. 2 spring...$ bbl. $3 20® 3 60
No.2 winter
3 40® 3 85
Winter supertine
4 2 V® 4 50
Spring superfine
4 10 ® 4 40
Spring wheat extras.. 4 75® 5 15
do XX and XXX...
Wis. & Mirn. rye mix.
Minn, clear aud stra’fc
Winter shipp’g extras.
do XX andXXX...
5 25®
6 2®
6 *25 ®
5 00 a
5 65®
7
6
7
5
7
25
75
25
50
50
$7 00® 8 75
City shipping extras. 6 75® 7 35
r
Southern
bakers’ and
family brands
South’n skip’g extras.
Rye flour, superttne..
Corn meal —
Western, &c
Brandywine. A:rt
Ruckw’t flour,100lbs.
6 25® 8 00
5 40® 6 00
4 60® 5 00
3 35® 3 75
3 75® 3 85
3 40® 3 70
GRAIN.
Wheat-
Spring, per bush. $1 20
8pring No. 2
Red winter
Red winter, No. 2
White
Corn—Wear. mixed
West. mix. No. 2.
Western yellow..
®1 33
®1 3<>
®1 38
1 27
130
1 3413 l\ 3" %
127 ®1 33
04
®
68 ^
Western white...
Southern white..
Southern yellow.
Stye-Car lota
Boat loads
Mixed
67*3®
GS%
70
73
75
68
®
®
®>
®
88
®
92
46
®
®
74
73
85
70
90
04
51
Oats—
White
No. 2 mixed
No. 2 wnite
43
Buckwheat
Receipts of flour
459.110
114,960
611,913
29.343
36.473
Oswego
100,000
10,000
14,007
675,000
161,500
10,306
10,8*67
Detroit
1,021,607
46,995
314.560
96,559
Toronto
®1 17
Peoria
®
®
Indianapolis
On rail
Tot Feb. 11,
Feb. 4, '82
•
....
22,302
140.000
2,148,434
129,936
440,055
95.943
4,513
56, L‘20
28 ,749
293.947
31,934
16.000
86,776
1,965
17,007
36,750
244.877
143,800
60,700
16,900
33,765
7,906
1,754.813
80,947
728,231
365,819
593,000
1,992,000
8,905
Kansas City
Baltimore
Down Mississippi.
.
59,015
318,174
382,655
390,131
—
and grain at Western lake and river ports
ending Feb. 11, 1882:
176,00 >
305.508
116
105
09
80
36.872
212.000
333,70 4
Philadelphia
12
®112
9
436.646
80,000
22.500
14,282
Montreal
98
500,000
860.361
Boston
1 l?3*®! 30
3,763,624
Bye,
bush.
116.164
48.000
78,500
27,415
9115
Canada
oush.
1,617.813
679,650
813,983
825.593
1 14
State
Sta e four-rowed. 1
Barley,
97.000
3t. Louis
Barley Malt—
840,000
Oats,
bush.
114,125
5,9 40,220
50
51
93
4,338.684
Corn,
bush.
9.000
493j 9
504*®
90
hush.
465,480
3.713,335
Albany
Buffalo..*
Chicago
Milwaukee
Duluth
Toledo
52
Barley—
Canada No 1....
Cauada bright...
State, 4-rowed...
State, 2-rowed...
In store at—
Sew York
Do. afloat (eat.)
s>
(From Ike “ New York Protlntee Exchange Weekly.*7)
Cor the week
Wheat,
atents
265.300
238,810
’82.. 18.124.223
145,000
14,785
675,000
......
10,353
120,000
111*842
45,000
17,887,770 2,933,208 2.671.880 1.167.7*
18,027.998 18.313,139 3,180,3"6
2,792.782
T;
CHRONICLF.
THE
212
Operations on the part of
from the Western and Middle States were mostly gov¬
the buyers
erned by actual wants, but selections were of such frequency
that transactions reached a fair aggregate amount. The fever¬
ish condition of the cotton market was unfavorable for the dis¬
tribution of cotton fabrics, but a fairly satisfactory business
was done in some of the most popular heavy-clothing woolens,
for immediate and future delivery. There was no real activity
in the jobbing branches of the trade, but fair average sales
were reported by most of the principal firms, whose package
sales t3f domestifes, prints, &e., were fully as large as usual at
this early stage of the season.
Domestic Cotton Goods.—The exports of cotton goods for
S
S.
the
week ending February 14 were 2,842 packages, including
9T
s1,240 to China, 377 to Brazil, 351 to U. S. of Colombia, 107 to
British North American colonies, 64 to Greit Britain, 57 to
British Australia, &c. Brown cottons were in irregular demand,
with most relative activity in popular 3}£ to 4-yard goods, in
which there was a fair business. Bleached goods ruled quiet,
aside from the finer makes of shirtings and cambrics, and there
Denims, ducks, tick¬
was a fair movement in wide sheetings.
ings and other colored cottons were in steady request, and the
b
a
best goods continue in light supply. Prices are nominally un¬
changed, but slight concessions on certain makes of brown and
«5i
bleached goods were occasionally made in order to dispose of
round lots. Print cloths were active in demand, but prices
receded to 3%c. for 64x64’s and 3/4@3 5-16c. for 56x60’s.
Prints have shown very little animation, and there was only a
moderate business in ginghams and cotton dress fabrics.
Domestic Woolen Goods.—The main feature of the woolen
& goods market has been the attention bestowed upon heavy
a.
woolens by the clothing trade.
Heavy all-wool cassimeres,
a‘
s
cheviots and suitings were in fair demand, and liberal orders
were placed for a few of the most popular makes.
Union and
cotton-warp cassimeres were in moderate request by clothiers,
and a good business was done in leading makes of worsted
coatings for future delivery. Plaid-backed and rough-faced
overcoatings met with considerable sales, and there was an im¬
3
proved inquiry for heavy satinets. Cloakings were somewhat
a.
quiet,
but the most desirable styles are sold ahead, and prices
a
remain firm. Kentucky jeans were lightly dealt in, and the de¬
3
mand for flannels was mostly restricted to small reassortments.
Worsted dress goods and dress flannels were in steady request
3
(by package buyers) at unchanged prices.
Foreign Dry Goods.—There was a moderate call for imported
a
fabrics at first hands, but the jobbing trade has not shown
b
much improvement. • Dress goods and silks changed hands in
fair quantities, and there was a steady, though limited, move¬
ment in millinery goods, housekeeping linens, white goods,
o
laces and embroideries. • Hosiery was in fair request, and
fabric and kid gloves continued to move steadily > but men’s-
following statement, prepared by. the Bureau of Statis¬
tics, will show the exports. of domestic breadstuffs from
undermentioned customs districts, during the month of Jan.,
1882, and for the seven months ended the same, as compared
The
corresponding months of the previ ous year:
HH HH
HHHH
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totals are tlic reports from Milwaukee
New Haven, Portland, Richmond and Willamette, the details for Jan.
1882, being as follows:
*
Included in tlie foregoing
Milwau-
l:cc.
Barlev—
Bushels
yew
Tort-
Haven.
land.
Iiicli-
mond.
Willa-
rnefte.
•
.
•
.
74,440
•
03,(300
com
the
1,000
0,730
Barrels
Value
Oats—
Bushels
Value
Eut
Total
Cot n Wol.
Total
of—
Bushels
Value
Barrels
Value
72,333
610,812
000,747
125
938
03,189
280,5S0
55,641
...$
590
....
...
4,050
.
Total values—
Jan., 1882
Jan., 1881
7 months—
..
...$
..
...$
10,030
1882
331,504
1831
THE
DRY
50,050
33,445
136,931
108,451
15,230
113,823
115,923
87,520
306,327
343,024
190,742 1,158,579 4,241,629
058,900 1,089,021 1,449,810
Friday, P.
TRADE.
M., February 17, 1882.
spasmodic and irregular
during the past week, and the volume of business was some¬
what disappointing .to manufacturers’ agents, importers and
jobbers alike. Southern jobbers bought sparingly because of
the backwardness of collections resulting from the wretched
condition of the roads in many sections, and the consequen
The demand f or
Total
dry goods has been
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GOODS
week
facts
Flax Silk Cot n Wool
1
rK
Rye-
Wheat flour—
Cotn.
>
200
150
Wheat—
Bushels
Value
Flax Bilk. Wool
Total
on
.*
X
meal—
Flax Silk
M
a
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Value
Indian
Total Ent’d
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Indian corn—
Bushels
mostly quiet.
The importations of dry goods at this port for the
ending Feb. 16,1882, and since January 1, and the same
for the corresponding periods of 18S1, are as follows:
Bushel.
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