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HUNT’S
REPRESENTING
MERCHANTS’
INDUSTRIAL
THE
MAGAZINE,
AND COMMERCIAL INTERESTS OF THE UNITED STATES.
(Entered according to act of Congress, in the year 1885, by Wm. B. Dana & Co., in the
office of the Librarian of Congress, Washington, D. C.J
SATURDAY, FEBRUARY 21, 1885.
VOL. 40.
/
NO. 1,026.
a year ago.
At the Stock Exchange share transactions
have reached a market value of $126,660,000, against $148,-
that of
CONTENT 8.
THE CHRONICLE.
229
223 Tontine Life Insurance
224 Monetary
and Commercial
six days in 1884, and, after deducting
clearings there remains
North¬
English News
230
$256,885,002 and $448,259,279, respectively, in the two years, to
west
226 Commercial and Miscellaneous
News
232
The “Short Session” of Con¬
represent the exchanges otherwise arising, or a decline of 42*7
gress.
THE BANKERS’ GAZETTE.
per cent.
With New York excluded the total is $215,526,630,
Quota?ions of Stocks and Bonds 235
Money Market, Foreign Ex¬
N. Y. Local Securities
236 against $256,404,641 last year, or a falling off of 15*9 per cent,
change, U.S. Securities, State
and Railroad Bonds and
Railroad Earniugs and Bank
against a loss of only 6*3 per cent on February 7. The details
Returns
237
Sto ks
233
for the various cities, presented in our usual form, are as fol¬
National
Bank
Returns
238
Range in Prices at the N. Y.
Clearing-House Returns
The Financial Situation
Outlook for Chicago &
Stock Exchange
234
Investment and Railroad In¬
239
telligence
THE COMMERCIAL TIMES.
242 I Breadstuff's
Commercial Epitome
242 I Dry Goods..
Cotton
Commercial and Financial Chronicle is
New York every Saturday morning.
same
lows
:
Week
218
249
Sales
published in
;{Entered at the Post Office, New York, N. Y., as seoond-olass mail matter. I
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
For One Year (including postage)
$10 20
For Six Months
do
6 10
Annual subscription in London (including postage)
£2 7s.
Sixmos.
do
do
do
£1 8s.
These prices include the Investors’ Supplement, Issued once in two
months, and furnished without extra charge to subscribers of the
Chronicle.
Subscriptions will be continued until definitely ordered to be stopped.
(The publishers cannot be responsible for remittances unless made by
Drafts or Post-Ottice Money Orders.
A neat file cover is furnished at 50 cents; postage on the same is 18
oents. Volumes bound for subscribers at $1 00.
Offices In England.
The office of the Commercial and Financial Chronicle In London
is with Messrs. Edwards & Smith, 1 Drapers’ Gardens, E. C.. where
Week Ending Feb. 7.
Ending February 14.
1881.
1885.
New York
(fdtrcwidc.
Thh
530,000 for the
double these values from the total
j Per Cent.
-315
§510,205,022
§745,319,279
(2,045,737)
(147,000.)
(20,808,000)
(2,093,705)
(364,600)
131,769,000)
(-34*3)
(89,531,000)
(85,605,000) ;
(-53-8)
$58,243,357
4,186,500
1,180,445
1,024,703
$06,073,573 j
4,762,000
-11-9
1885.
PerCent
§500,880,601
-35-0
(1,677,550)
(308,000)
(31,885,000)
(33,361,000)
(-321)
(-101)
(-28*5)
(-18*2)
of—
(Sto cits.... shares.)
(Cotton
hales.)
(Grain.. .bushels)
(Petroleu m..bbls.)
Boston
Providence...
Hartford
New llaven
Portland
805,010
633,918
Worcester
723,260
480,437
Springfield
Lowell
(-2-5)
(-597)
1,693,737
—30-2
990,210
814,991
629,522
705,849
+3-5
+6'2
+0*7
+2'5
§63,215,610
3,978,000
1,672,874
1,108,299
881,561
678,735
681,622
499,390
-26
39 >,4 7
-0*0
—121
+1*2
-13*8
+2*0
+1*2
+2*9
—11*5
$07,344,200;
§70.109,27'
10
$72,613,188
-0*1
§39,079,057
$52,842,756
-20-0
§43,167,190
-20*1
Pittsburg
5.909,067
—34'8
11,671,395
+0-8
6,156,493
12,076,823
-24*5
Baltimore
9,060,370
11,575,998
§50,660,119
§73,479,124
-229
§61,400,500
-17*1
§30,473,588[
$42,657,751
8,806,250
4,456,568
2,677,674
1,366,401
1,824,289
1,352,123
082,198
-5*8
Total N. England
Philadelphia
Total Middle....
+1*5
-eubscriptions and advertisements will be taken at the regular rates,
and single copies of the paper supplied at Is. each.
The office of the Chronicle in Liverpool is at B 15, Exchange
§40,575,758
-24 9
Cincinnati
8,000,750
6,149,050
+30-1
Buildings.
Milwaukee
2,788,326
3,311,724
-15-8
Detroit
2,168,990
1,199,470
2,454,064
1,550,142
2,117,793
1,222,219
893,605
—11*6
§47,960,001
§58,274,355
—180
§64,123,252
§12,521,057
-23-2
4,806,681
3,370,598
1,798,343
§16,313,808
827,876
12,239,150
3,728,255
2,522,250
1,331,089
+15-5
+33-6
+35-1
$15,864,393
401,465
10,466,401
5,472,158
3,770,095
1,913,983
$31,589,348
§36,962,434
-14*5
§37,987,495
-8*0
§11,972,242
§11,519,456
+3*9
§10,699,490
+10*1
§725,731,652 §1,001,723,920
-27*5
§747,704,532
-28*3
WILLIAM B. DANA.
JOHN G. FLO I D.
WILLIAM B. DANA Sc Co., Publishers,
79 Sc 81 William Street, NEW YORK.
Post Office Box 958.
Chicago
Indianapolis
Cleveland
1,602,108
1,199,856
527,573
Columbus
—On page 238 will be found the detailed returns, by
States^
•of the National banks, under the Comptroller’s call of Dec. 20,
Peoria
kindly furnished us by Mr. Cannon. Previous returns were
published—those for Sept. 30 in the Chronicle of Nov. 15,
page 551, those for June 20 in the issue of Aug. 16, page 18.
St. Louis
Total Western...
St. Joseph
New Orleans
City
Memphis.
CLEARING HOUSE RETURNS.
The
extremely bad weather which prevailed over almost the
^entire country during the week under review has had its effect
upon bank clearings, but not to such an extent as its severity
seemed to warrant. The falling off in volume from the pre¬
vious week has reached in the aggregate $21,972,880, but for
the corresponding period in 1884 the decline was even greater,
being $41,005,678. Therefore, notwithstanding the decrease
this year, the comparison with last year is more favorable than
on February 7.
This, however, is to be attributed mainly to
•an increase of over $9,000,000 the present week at New York.
Ten cities record exchanges in excess of a year ago, Memphis
leading with 85*1 per cent, followed by Kansas City, 33*6 per
•cent, and Cincinnati 30*1 per cent.
The total exchanges at all the cities for the week this year
are $725,731,652, against $1,001,733,920 for the
corresponding
week in 1884, or a loss of 27 5 per cent. The decrease on Feb.
17 reached 28*3 per cent, and for the preceding six days 38'5 per
Total Southern..
San Francisco
Total all
below
have
-24-3
-1*8
-4P0
.
—56 8
-246
received from
+7*7
-92
-2*5
+30*5
+7*4
-2*4
-7*4
-43*4
-27*0
+25*7
+35*7
+13*9
few of the
leading
with Friday, The
figures for last year cover but four days, the Washington’s
Birthday holiday having intervened, and a fair comparison of
the totals for the two years cannot, therefore be made. The
exhibit is, however, less satisfactory than on February 13, a
decline in the aggregate of $34,248,169 having taken place.
By telegraph
we
a
cities the returns for the five days ended
Fire
Days Ending Feb. 20.
1885.
New York
Sales
of Stock (ehs.)
Boston
Philadelphia
Baltimore
8t. Louis
cent.
9,233,182
Louisville
Kansas
At New York the total for the week is 31*5 per cent
359.4S7
-220
-6*3
+37*7
1884.
§402,007,241
(1,366,964)
46,493,179
33,944,923
8,653,359
10,835,558
§498,282.596
§501,934,260
§504,764,683
(1,360,688)
41,236,892
85,371,700
8,771,817
11,101,649
Par Cent.
-19*8
1865.
-1*4
§484,743,680
(1,644,060)
48,032,349
39,873,665
9,662,135
-2*4
io,eoojDO
—15*6
§886,162,429
(-6*2)
+18*7
—4*6
*
Five D' ys Bnd'g Fch.13.
PerCent
-31*1
(-4*6)
-10*8
-as**
+9-T
-«*•
THE CHRONICLE.
224
[Vol, XL.
Europe will be forced to take the lead, and America
TEE FINANCIAL SITUATION.
join in any plan which promises success.
With
leading events thus floating in a sea of doubt, it
The bitterly cold and unusually stormy weather of the
is only natural that Wall Street should be in sympathy.
past two weeks or more, has obstructed materially our
industrial development, snow having fallen almost every¬ Earnings, however, have during late weeks shown too
decided an improvement, and general business too strong
where, and to such a depth throughout the Northern States
a
disposition towards revival, to encourage any general
as to block up wagon roads, and for much of the time rail¬
decline.
So the result of it all has been a dropping off
roads too. As a consequence, the movement of crops from
Then
will
delayed, and over large sections
of the country freight trains, and to a considerable extent
even mail trains, have been interrupted.
Of course with
such conditions as these, business for the time being suffers
seriously, and as transactions have been on a limited scale
so long, our merchants feel this new interference the more
keenly. The same influences will make themselves seen in
railroad earnings for current weeks, not only in gross but
in net also, because of the extra expense the companies are
being put to in trying to keep their roads open. Still,
these after all should be remembered as merely temporary
hindrances, incapable in themselves alone of arresting,
except for the moment, the industrial recovery which has
farmers’ hands lias been
for weeks been in progress.
Another influence which
just
now
helps somewhat to
special reasons in some values, a waiting attitude to
general market, and great strength for a few of the
leading properties which advanced so materially last
Taken as a whole, railroad affairs may be said to
week.
wear a decidedly encouraging look. Even the snow storms
have come so late in the season that they are not likely tq
be prolonged, while all permanent conditions are tend¬
ing in the right direction. Nothing could be more
reassuring than to be able to analyze earnings for
1884, and find that with all the adverse circumstances
prevailing during those months, the results have been
very far
above the forebodings which have been
so
popular. Such conclusions are a solid basis for
good cheer as to future prospects. We reviewed thereturns published by the New York Central last week;
to-day we have obtained some special information about
Northwest, and give it in another column. It is not haz¬
arding much to say that railroad earnings “touched bot¬
for
the
the change of adminis¬
does not require, at a
period of disturbed confidence like the present, any great
matter to arrest progress; a trifling uncertainty is sufficient tom” the last half of 1884.
Rumors have been put in circulation during the week,
to induce capital to await events and to lead buyers to
but only to meet prompt denial, that the differences between
suspend or defer operations. So far as disclosed, every¬
the New York Central and the West Shore were on the
thing indicates that business interests are safe under the
It is observed that the denial of the
eve of settlement.
coming President; yet until his Cabinet is announced and
his policy definitely foreshadowed through his inaugural, rumors has not caused more than a fractional re-action
in the West Shore
in
Central stock or
it is not surprising that those who can wait prefer inac¬ either
The latter is interpreted as indicating that pro¬
tion.
The possibilities involved are so wide apart, being bonds.
really between conservative and aggressive counsellors, gress is really being made towards a settlement or that
between building up and pulling down; for the opposition purchasers are satisfied that their intrinsic value has for
some reason improved.
The Northern Pacifies and the
party, though embracing many of the wisest men in the
country, has at times disclosed very crude notions of Oregon stocks were favorably affected on Thursday by
finance.
But the responsibility which power brings with reports that the Oregon Railway & Navigation Co.’s lines
it, always has and probably always will make men less would be leased by the former. Louisville & Nashville
reflects the increased earnings recently shown, and it
quixotic and more cautious.
Good evidence of this latter fact is found in the hope would appear that this and other Southern roads are
which now prevails so widely that silver dollar coinage now reaping to some extent the benefits of the New
will be suspended before Congress adjourns.
Of course Orleans Exposition. The movement in the Gould special¬
this expectation may be disappointed, and there are so few ties has been erratic, mainly because of conspicuous
days before the adjournment, that to secure the legisla¬ selling by his recognized representatives in the Board;
tion necessary seems next to impossible. But the situation the explanation given was that last week prominent par¬
is critical, for a full restoration of confidence is evidently ties who were largely short of Union Pacific and Western
Union were forced to settle and when these short contracts
dependent upon it, while the difficulties the Treasury
must meet in case action is deferred are obvious.
If, were adjusted Mr. Gould no longer had an object in
Probably the suspicion that
therefore, Congress should neglect to grant the needed sustaining the properties.
this was not the true reason had something to do with
relief, we see no way out except through an extra session.
For snowdrifts melt in time or get plowed through, and the subsequent recovery.
An event of the week deserving of mention, but with¬
the crops, goods and buyers held back by them come for¬
ward ; but nothing under heaven can bring back the old sense out influence on the market, is the passage by the United
of security, and therefore make capital venturesome again, States Senate, with but slight amendments, of the House
bill declaring the land grant to the Texas & Pacific Rail¬
except the repeal of a law which is to-day threatening to
On the other hand, if the party just way forfeited. The vote on the bill was practically unan¬
unsettle all values.
imous.
The forfeiture does not affect the present Texas
coming into power is shrewd enough to adopt ail effective
relief measure, the new administration will start under a & Pacific Company, as some may suppose, but rather the
public exhilaration which would go far towards making Southern Pacific Company of Arizona and New Mexico.
its history a great success.
What is required however is The position of this land grant is quite different from that
all others.
The Texas
Pacific Company inlaying
no half-way
measure, suspending coinager for a time, a of
mere reprieve for a number of years: nor
on the other out a line across the continent had obtained from Congress,
hand the Dorsheimer bill, which, though in one sense the right to build through New Mexico and Arizona, with
offering a better dollar, is simply a new effort at compro¬ a grant of land in those territories estimated at 15 milmise—a hopeless
endeavor, for natural law permits of no ion acres, conditioned upon the construction of the line.
compromises. The time to settle the status of silver The road was built westward through Texas (in which
can only come when
compulsory coinage is repealed. : State the lands, .granted came from the 3tate), but
check any growth in enterprise, is
tration which is in prospect.
It
*
stopped
the
at
Rio
and did not at all
Grande
New Mexico or do any work there.
In the meantime the Southern Pacific had been building
enter Arizona
22o
THE CHRONICLE
21, 1385.)
February
Chic. Burl. &
or
California, and met the Texas & Pacific at a
junction point near the Rio Grande. The Southern Pac¬
ific people had been strenuously fighting the Texas &
Pacific enterprise from the very beginning, and one of the
1881.
13,<168,568
*
26,110,309
12,780,630
*
21,550,804
10,608,341
$
21,176,455
10,574,860
12,415,103
13,329,730
10,882,463
10,(502,095
9
25,483,671
Gross
earnings
Operating expenses
east, from
1882.
1884.
Quincy.
Jan. 1 to Dec. 31.
Net
^
1883.
1830.
$
20,454,494
9,302,904
11,091 590
Thus both gross and net have been but once exceeded,
and that was in 1883.
As to the outlook for the future,
it
would
be
surprising if 1885 marked another
arguments .advanced on their behalf, and turn upward. The present bad weather is a serious drawwhich they never lost an
opportunity to bring to | back, but on the other hand the prospect is for a very
public notice, was that the Southern Pacific was heavy movement of corn in 1885. As we show on another
building its line without Congressional aid or page, in our article on Chicago & Northwestern, the States
land grant, and did not desire any ; therefore, a South¬
of Iowa and Nebraska—and it is in these States that the
ern trans-Continental
route being assured without help,
Burlington & Quincy has a good part of its mileage—raised
there was no reason why Congress should subsidize the 104
million bushels more corn in 1884 than in 1883, and
Texas & Pacific.
But time works wonderful changes, and this is sure to exercise a
telling effect upon railroad earn-'
when, in 1S81, Mr. Gould (who find succeeded Thomas A.
mgs through the year 1885.
Scott in the Texas & Pacific) and Mr. Huntington came to
There has been no new feature in the exchange market
terms, Mr. Gould and the Texas & Pacific undertook to trans¬ this week.
Rates have been steady, with a continued
fer title to a land grant that had never been earned by the
demand for
sterling
more or
not
strongest
and which, moreover, appears to have lapsed in
is
this- land grant that Congress declares for¬
feited, and those anxious about grants to other companies
will see the lack of resemblance between such grants and
company,
time.
It
that to the Texas & Pacific.
Chicago Burlington & Quincy is one of the few roads
that report decreased net earnings for the month of Decem¬
ber, 1884, as compared with December, 1883. The falling
off reaches $123,772, and is the result of a decrease of
$110,561 in gross receipts and an increase of $13,211 in
The net were not particularly large, either, in
expenses.
December, 1883, which makes the present falling off the
more
presume that lower rates and a
movement account in some measure for the
noteworthy.
smaller
corn
We
change, but see that of the $110,561 decrease, no less than
$76,062 is in passenger business. As December completes
the year, however, more interest attaches to the result for
that period, and we find that the net for the 12 months
reach only $12,415,103 in 1884, against $13,329,739 in 1883,
a diminution of $914,636.
At first sight this would seem a
long
for investment and
less
offerings of maturing short bills. Money in the
open market in London has more closely approached the
Bank minimum, it being influenced by the reverses in
the Soudan, which call for still larger expenditures,
and therefore of shipments of gold to Egypt by the
Government.
The supply of commercial bills has been
lessened by the interruption to the export movement
caused by the severe weather and western storms, and also
by the advance in breadstuff?.
Money, represented by brokers' balances, continues in a
little better demand, the rates ruling from 1 to 2 per cent.
The movement at interior centres has been interrupted by
the snow embargo, and exchange at Chicago on New York
has consequently been unsettled.
With this exception
rates have not been materially altered during the week.
The following statement shows receipts and shipments of
gold and currency by the New York banks during the week.
liberal
Week Ending Feb. 20, 1885.
Cnrreney
Received by
Shipped by
N.T. Banka.
N.T. Banka.
$1,508,000
50,000
$241,000
318,000
$1,558,000
$3,059,000
Net Interior
Movement.
Gain.. $1,207,000
Loss..
208,000
unfavorable showing, but when viewed in the light
$559,000 Gain.. $090,000
11,558,000
Total gold and legal tenders
of the conditions that have prevailed and the basis on which
the comparison is made, one is forced to modify Ids conclu¬
The above shows the actual changes in the bank holdings
sions.
In 1883 the total had been very heavy, so much so
of gold and currency caused by this movement to and from
that the increase over 1882 was $2,447,000—nearly 24 mil¬
the interior. In addition to that movement, the banks have
lion dollars ! And of this gain of 24 millions somewhat less
lost $2,500,000 through the operations of the Sub-Treas¬
than a million was lost in 1884, which is not large, consid¬
ury.
Adding that item to the above, we have the following,
ering that in the early months the road was at war with which should indicate the total loss to the New York
the Union Pacific, that the course of general business was
Clearing House banks of gold and currency for the
unsatisfactory all through the year, and that the corn week covered by the bank statement to be issued to-day.
movement was greatly diminished.
This latter is a very
Net Change in
Into Banka. Out of Banks
Week Ending Feb. 20, 1885.
important circumstance, for the Burlington & Quincy, as
Bank Holdings.
we have repeatedly said, is the largest corn carrier in the
Gain.
$559,000
$990,000
Banks’ Interior Movement, as above
11,558,000
Loss.
2,500,000
2,500,000
Northwest.
The extent of the falling off in the movement Sub-Treasury operations, net
Gold
very
of this cereal will be evident when we say
that at Chicago
receipts by all roads during 52 weeks of 1884 were only
58,607,769 bushels, while in 1883 they had been 74,190,213
bushels, and this had its effect upon freight earnings, as we
see in the decrease of $999,729 reported in the same.
In
the
Total gold and legal
tenders
Loss.
$1,501,000
gain of £702,821 bullion
for the week.
This represents £237,000 received from
and
abroad
£465,821 from the interior. The Bank of
France shows an increase of 2,467,000 francs gold and
passenger earnings there was a slight increase, $54,027, 5,976.000 francs silver, and the Bank of Germany since
and in miscellaneous receipts an increase of $319,004—the the last report gained 4,817,000 marks.
Tire following
effect of these varying changes being total gross earnings indicates the amount of bullion in the European banks.
$626,698 less than in 1883, and this with an augmentation
February 21, 1884.
February 19, 1885.
of $287,938 in expenses gives us the $914,636 loss in net
Silver.
Gold.
6 old.
Silver.
already reported. The following shows the gross and
£
£
£
£
net, in December and the twelve months, for five years past.
Chic. Burl. &
Quincy.
December.
Gross earnings
Operating expenses....»,
Net
1884.
1833.
■
!
1882.
1881.
1880.
i
*
2,060,337
1,01,>,339
099.128;
2,027.000
760,042
1.(48,018
1,171,790
1.2*0,418
018)
Bank of
England reports
23,695,777
England
*
8
,
Bank of
Germany
1,005,490
1,552,018
871,190
081,411
Total this week
1
034,791
870.007
Total previous week
a
22,250,336
40,173,184 41,495,244 39,386,357 40.034,048
7,773,500 23,320,500
7,055,750 21,167,250
Bank of France
*
$
2.170
The Bank of
..
..
70,924,711 62,662,494 09,410,193 63,354,548
70,061,959 02.242,846 08,475.191 03.027,059
THE CHRONICLE.
226
Assay Office paid $193,166 for domestic bullion
during the week, and the Assistant Treasurer received
the following from the Custom House.
"'The
Consisting of—
Duties.
Date.
Gold.
$286,148
564,503
490,843
641,316
250,859
61
15
68
34
72
422,868 69
Feb. 13.
“
“
14
16.
"
17.
“
18
“
19.
Total
$2,657,050 22
’
TJ. 8.
Gold
Notes.
Certifies.
Silver Cer¬
tificates.
$1,000
$97,000
156,000
$30,000
234,000
$95,000
2.000
2,000
4,000
231,000
167,000
87,000
360,000
172,000
[Vol. XL.
that while gross
earnings in the seven
a half, such has been
the reduction in expenses that net have fallen off only
$471,000—that is, there was a saving in expenses in
amount of over a million dollars.
Some may fear that
this saving was at the cost of the road’s good condi¬
tion, but such a view is hardly borne out by the figures,
for the ratio of expenses to earnings is over 53 per
cent, which is neither very low itself (for a road in this
section), nor low for the period of the year embraced. The
truth appears to be, that expenses increased very heavily
in previous years, and that now a successful effort has
been made to reduce them again.
How heavily expenses
Here
we
see
months declined
over a
million and
_
110,000
49,000
145,000
158,000
94,000
105,000
195,000
81,000
$17,000 $1,050,000
$938,000
$650,000
3,000
2,000
OUTLOOK FOR CHICAGO & NORTHWEST,
had increased is shown in the fact
that while between 1881
present, and for some time past, there have been un and 1883, in these same seven months, gross earnings rose
usual differences of opinion as to the merits of Chicago from $15,112,925 to $16,348,171, net actually fell off
& Northwestern stock. On the one side it is claimed that div* from $8,092,970 to $7,424,670.
idends can be maintained and even increased if the manage'
The seven months given, cover not only the larger part
At
the other (including by far the
most adherents)that dividends will have to be greatly reduced
or perhaps suspended altogether on the common stock. Both
sides adduce reasons which, according to their way of think,
ing, support the claims made, but all the arguments we
have seen to sustain either the one position or the other, have
been singularly inconclusive—usually with nothing more
substantial to rest on than conjecture or hypothesis.
Without doubt it is extremely difficult to forecast results
this year—mainly for two reasons.
First, because of the
absorption of leased roads in Iowa and non-leased roads in
Nebraska, and secondly because of the heavy falling off in
gros3 earnings recorded during the period from May to
November. As to the latter, which is by far the most impor¬
tant, there has been much speculation as to the effect the
decrease has had on net earnings. In these six months gross!
receipts diminished over $1,700,000, and the question was,
ment are so
disposed, and
whether this
was a
on
clear los3 in net
or
whether it had been
by a reduction in expenses. It
chiefly that led to the rumors, preceding
met, in large part or small,
this doubt
was
the declaration of
the usual dividends in December, that
but the best part of the company’s year; still, in any esti¬
mate of results the outcome of the remaining five months
is
almost
thus far
equally important. With a loss of $471,000
established, what is the prospect for the five
yet to hear from ? The answer to this question
depends upon two circumstances chiefly—the state of the
weather, and the movement of the crops. The yield of the
crops, but more particularly the yield of corn, is always
an element of great importance in determining the road’s
months
prosperity. For several years the production of corn in the
section traversed by the road has been very poor, and this
has had a considerable effect on its earnings.
In 1884,
however, the yield was excellent, and this offers the pros¬
pect of a very heavy grain traffic for almost a year to
come.
It is not generally known how great the increase
in the yield of cereals has been in the Northwest, so we
give below the figures for three years past, for both
wheat and corn, in the States and territories through
which the road passes, namely, Iowa, Minnesota, Wiscon¬
sin, and Dakota, and also add the production of Nebraska,
which State is tributary to the system, especially now that
the Blair roads are controlled by it.
proved to
be unfounded, but no information about the net earnings
Wheat.
Com.
was forthcoming.
State.
The most that Vice-President Sykes
1832.
1884.
!
1883.
1882.
1883.
1881.
would say was that they had been 11 satisfactory ” and that
25,487,200
Iowa., .bush. 252,000,000 109,629,000 175,487,600 31,270,000; 27,518,800
the dividends had been earned.
This was good enougtras Minnesota... 23,630,000 15,124,800 21.127.600 41,307,000 j 33,773,200 33,030,500
32.201.600 20,083,0001 19,004.900 23,145,400
far as it went, but an exact statement of the road’s affairs Wisconsin... 20,200,000 23,579,300
4,650,030 22,330,000 10,128,000 11,400,000
Dnkot.a
13,950,000
4,015.055
was what stockholders and the public had been looking fer.
Total
310,380,000 213,243,155 233,400,809 114,990,000 97,024.900 93,123,100
122.100/00 101,278,900 82,478,200 28,325,000; 27,481,300 18,300,000
Nebraska..
To supply the demand caused l y this absence of official
Total all. 4&8,480,000 314,527,055 315,945.000 143,315,000 124,500,200 111,423,100
results, we have made efforts, as in past years, to get at
Thus in the four States in which the company’s lines
least the figures of net earnings, and have again been sue-,
cessful in obtaining them, not only for the first half of the mainly lie, the production of corn has increased over 100
fiscal year, but for the seven months to the end of Decem¬ million bushels, or about 50 per cent, and in Nebraska
ber, an exhibit of which is herewith subjoined, in compari¬ there has been a further increase of 21 million bushels,
son with the earnings for three previous years.
It should making 124 million bushels increase in the five States. It
be said that we have had to rearrange the figures for past is to be noticed, too, that 83 millions of the total increase
years, because the expenses for 1884 do not include taxes, occurs in the State of Iowa, in which the company has
which therefore had to be taken out in the other years 1,048 miles of road—nearly one-third the entire mileage
also, to make the comparison even. We should say, tooj of the system. This large corn crop did not begin to
that though our information does not come from the com¬ move in any considerable amount till January, 1885, so
its effects were not seen in the seven months of the fiscal
pany’s office, it is nevertheless exact. •
the dividends
were
The
to be reduced.
rumors
r
....
.
JIos.
Gross
Net
1882.
1883.
1884.
Gross
Net
Gross
Earn'gs. Earn'gs. Earn'gs. Earn’gs. Earn'gs.
$
1
$
1,996,275 859,293
July.. 1,970,177, 790,942
Auk
2,027,932' 868,255
Sept. 2,346,914 1,197,651
June.
•
Oct...
Nov
.
Doc..
$
$
1881.
Net
Earn ’gs.
$
$
,
Net
Gross
Earn'gs. Earn'gs.
$
$
2,213,022 [803,120 2,043,516 922,000 2,300,440 1,213,313
2,160,631 889,068 2,059,953 973,905 1,983,031 980,500
2,403,459 1,OS 1,424 2,211,023 1,032,497 2,315,104 1,236,935
2,047,909 1,396,19* 2,553,041 1,358,917 2,292,077 1,323,008
2,523,843 1,337,853 2,793,992 1,477,30.' 2,601,445 1,412,381 2,341,098 1,293,240
1,996,509) 988,483 2,308,542 1,075,31! 2,109,-13: 950,781 2,019,038 1,123,197
797.15: -1,855,477
922,051
1,051,745 910,780 1,700,550 042,24* 1,826,92!
Total
*
0.953,202
*
* (iron* earnings for seven
7.424.07
1382, $15,403,040; in 1-381, $15,112,925.
*
7
448.35
*
J
0*10 970
months in 1834, $14,819,440; In 1888, $16,848,1,1
that have elapsed. But all through the rest of the
year, and way into the next fiscal year, it will exercise a
very great influence, not only directly, but indirectly, for
the outturn of the crops in those sections controls the
course of general business—farmers can spend nothing if
year
they raise-nothing—and an
augmentation of 124 million
production in a single year means a great
deal, therefore, and in more than one sense. Other things
being the same, there could be little doubt that the present
five months would exhibit a decided improvement in earn bushels in the
Q
FEfeRUARY 21,
But
ings over the
corresponding five months of 1884.
here comes in
the state of the weather to influence
What the effect of this may be, we can
result.
Month.
Grots
1882.
1883.
1884.
Net
Gross
Net
Gross
'Net
these
1881.
Gross
both the Iowa and
Nebraska lines, while, as stated,
ohly
of the Northwestern system and
count in its weekly and monthly statements of earnings.
That is a distinction not one person in a hundred seems
we
to understand, and yet it is of very great importance, as
the
best see by
examining the figures for previous years, and
annex below by months for four years.
<
227
THE CHRONICLE
1885.]
Net
Earn'gs. Earn'gs. Earn'qs. Earn’gs. Earn'gs. Earn'gs. Earn'gs. Eqrn'gs.
those in Iowa form part
any one can see.
For this reason it is essential to
how much of the 11 millions indebtedness assumed
the
system in Nebraska, and how
know
is
on
much in Iowa, for it is
quite differently
from the latter—its earnings may be sufficient to take care
323,853 1.G44.936
Jim....
349,604 1,474,176
Feb.... 1,504,101
of its own portion of the debt.
Bearing this in mind, we
609,063 1,178,796
989,901 1,672,931
March 1,760,910
591,239 1,668.741 047,284 1,474,612
April.. 1,823,164
can see how erroneous is the disposition, so common, to
922,152 2,110,947 912,932(1,S79,000 1,288,297
2,076,S29
May
consider the whole 11 millions debt a charge against
Total.. 8,072,453 3,127,619 8,075,895.3,179,749 8,571,731 3,474,612.6,730,285 2,067,270
Northwestern earnings.
"We find that in a circular issued
In studying the above, it should be remembered that it last April the debt of the Iowa Blair roads was stated at
was in 1881 that we had the winter weather of unparalelled
$4,915,000. Deducting that from the sum given, would
severity, when snows and ice everywhere interfered with leave $6,234,600 as the debt of the Nebraska Blair roads,
operations. The consequence was that net earnings for whose earnings are separately reported. With this dis¬
the five months reached only $2,667,270, whereas in the tinction between the two kinds of debt established, it will
very next year, with no such embargo on business, they be interesting to see what amount of funded obligations
mounted up to $3,474,612, or $800,000 more.
Such the Chicago & Northwestern is carrying at the present
weather affects the railroads unfavorably in a double time.
We will take simply the debt outstanding-May 31,
way, first in reducing gross receipts and secondly in swell¬ 1884, and add the four millions of debentures since
ing expenses. In 1883 also there was some loss from the put out and the debt of the Blair roads. The following
weather, but it was much less important than in 1881, and is the result.
yet it had the effect of cutting the net down from Bonds outstanding May 31,1834...
$80,891,000
4,915,000
$3,474;612 to $3,179,749—on an increased amount of Debt of Blair roads in Iowa, assumed
New five per cent debentures
4,000,000
gross business too.
In 1881 the bad weather extended
Tutal debt proper
$89,800,000
through the whole of the first three months of the year;
Debt of Blair roads in Nebraska
6,234,600
in 1883 it was confined chiefly to January and February.
Total of all
$96,040,600
In 1884, there-was comparatively little trouble from this cir¬
As to the interest charge that this debt will entail, the
cumstance, but business was bad and rates were low, and the
road did not therefore recover its loss of net.
These facts $80,891,000 bonds out May 31, require $5,141,900; the
about the weather are particularly important, because we $4,915,000 of bonds on the Iowa Blair roads bear 7 per
cent interest and require $344,050; and the 4 millions of
are at present passing through an experience very similar
to that in 1881, with roads blockaded all over the country debentures, (assuming that two millions will count for a
and great difficulty everywhere in keeping them open. full year’s interest, and two millions for only a half year),
With a continuance of this icy period, there is a possibil¬ will call for $150,000, which would make altogether
ity that the loss may prove no less serious than in $5,635,950. As an offset against this, we have 7 per cent
1881.
While therefore under ordinary circumstances we dividends on the 53,800 shares of Omaha preferred stock
This is nowhere men¬
should allow for a decided increase in earnings as a result held, which would give $376,600.
tioned
as income in the company’s report, but we suppose
of the augmented yield of corn, considering tfye prominent
that the practice is to state only the net amount of interest
part played by bad weather, similar to the present, in the
past, we do not feel justified in adding anything to the paid. Certain it is, that in the previous year the com¬
net earnings returned for the five months of 1884.
Corn pany reported only $4,527,235 as paid for interest, while
will bring some , increase, even despite the weather no the interest called for on the debt outstanding at the
doubt, but the latter will greatly enhance the cost of beginning of the year was as much as $4,969,150, a differ¬
ence of $441,915/which would be further
augmented if
operating, and the fairest way of treating the matter seems
to be to consider one as offsetting the other.
Viewed in we allowed for the debt put out during the progress of
The difference, it will be seen, is much greater
this light, the loss of $471,000 for the seven months will that year.
than
the
amount
of the Omaha dividend received, so there
also be the loss for the full year—that is, instead of $10,must have been some miscellaneous income beside.
EstiJ
552,288 net earnings, as in the fiscal year 1883-4, the
mating this roughly at $100,000, and considering it
year 1884-5 will show net of $10,080,880.
The next point to consider relates to the charges for in¬ unchanged in the current year, we would have $476,600
terest and rentals.
This is greatly complicated by the new as an offset to the $5,635,950 interest calculated above,
$
1,502,419
.
.
.
$
393,007 1,357,623
472,193 1,311,395
632,871 2,095,292
623,113 1,754,379
1,005,835 2,157,206
*
$
$
$
*
690,804 1,240,667
614,529 903,204
$
377,441
103,010
209,281
629,241
evident that the former must be treated
roads in Iowa and Ne¬ making the net amount $5,159,350—or an increase over
braska.
The Iowa roads have hitherto been included in the late year of $632,115.
On the other hand, of the $1,568,704 paid for rentals in
the Northwestern system, and are still included, but inrelation assumed towards the Blair
$1,497,188 was on the Iowa lines, which
will reduce the amount to $71,516 in the present year.
western
ing bonds, their stock having been exchanged into that Sinking funds we may take the same as in 1883-4,
The result of this will be that the $83,000. Taxes we will take at the actual figure for the
of its own.
item of “ payments for rentals” will be almost entirely the calendar year 1884—$688,921—or about $16,000 more
extinguished, that the requirement for dividends will be than in the fiscal year 1883-4. The new stock issued (in
correspondingly enlarged, and that there will also be an exchange for that of the Iowa Blair roads) is $14,757,500,
increase in the charges for interest.
At the time of mak¬ and 7 per cent dividends on this is $1,033,025. Deducting
that from the $1,497,000 saving in rentals, cuts that
ing the consolidation with the Blair roads, it was stated
that the total amount of bonds and obligations assumed for amount down to $464,000, against which there is the
these roads was $11,149,600.
This, however, included $632,000 increase in interest and $16,000 increase in
operating them for a certain rental, the North¬
now simply meets the interest on their outstand¬
instead of
the late year,
THE CHRONICLE.
228
be termed the Congressional year be transferred, say,
July.
We owe the present system of bringing the life of Con¬
gress to an end on'the 4th of March not to the convention
which formed the Constitution, but to the last Congress
under the Confederation and the first under the Constitu¬
tion. The convention of 1787 contributed to the manufac¬
ture of the short session only the clause in the Constitution
which fixed the annual meeting- of Congress on the first
Monday in December, unless by law another day should
be assigned.
But the last Congress under the Confedera¬
tion, after waiting a long. time for the adoption of the
Constitution by the New York convention—the act which
charges—a net increase in all requirements of every sort
of $184,000.
Adding now the $471,000 loss in net earn¬
ings, and we get $655,000 as the full comparative loss be¬
tween the current year and the year 1883-4.
As in the
latter year there was a surplus, on the twelve months1
operations, of $761,258, this would still leave a'margin of
may
to
$100,000.
be claimed that we have made no allowance for
interest on the debt of the Blair roads in Nebraska, but
over
It may
easily disposed of. As figured above, there is
$6,234,600 of debt on these roads, which bears interest
partly at 6 per cent and partly at 7 per cent. Calling the
'average 6£, the charge on the same is $105,210. As to the
earnings of the system, the latest figures we can obtain
are those for the year ended June 30, 1884.
We find that
in that year the Sioux City & Pacific, (which operates the
that is very
whole 418 miles of road
[VOL. XL.
the Fourth of
government—engaged
a long wrangle over the question as to where the seat
government should be. When at last the decision was
favor of the city of New York, Congress adopted a vote
insured the trial of the
in
of
embraced in this Nebraska sys¬ in
new
form of
tem), earned $1,359,023 gross and $521,940 net, all of that the electors of President should be appointed by the
which those ill-informed about Chicago & Northwestern several States on the first Wednesday in January, 1789,
matters usually omit in their calculations.
In previous that they should meet and vote on the first Wednesday in
years there was the rental of the Fremont Elkhorn & February, and that the first Congress under the Constitu¬
Missouri Valley to come out of these net earnings, but as tion should meet for the purpose of counting the votes and
the Northwestern now owns all the stock of that road, and organizing the government on the first Wednesday in
its bonds are allowed for in the $6,234,600 debt above, if March.
Although the session began, nominally, on the
the rental is paid at all the Northwest will be simply paying 4th of March, it was more than three weeks before a quo¬
it to itself.
So from the $521,940 net earnings given, we rum of senators and representatives assembled, the votes
have only to deduct $405,210 of interest, and on that were not counted until the 6th of April, and Washington
basis there would be a balance of $116,730 to add to that and Adams were inaugurated on the 30th of that month.
already shown on the Northwestern itself, making a total Nevertheless, Congress passed a law that the term of the
surplus for the year above all interest and dividend re¬ President shall begin on the 4th of March, an act which
quirements of $213,000. In tabular form the following cut off nearly two months of Washington’s term. Its
reasons for so doing are obvious.
would be the showing.
Inasmuch as the term
of Congress had begun on the 4th of March, 1789, it would
Net earnings seven months ended Dec. 31, 1884 (actual)... $6,953,261
Do
five months ended May 31, ’85 (same as in ’84)
3.127,619 be a usurpation for it to continue in session beyond the cor¬
Total for year
$10,080,680 responding date in 1791, and it was deemed best that the
Taxes (amount actually paid in 12 most end’g Dec. 31, ’84).
688,921 period of service of the President should close on the same
day as the life of a Congress expired. A change could not
Amount available
$9,391,959
be made subsequently, except by amendment of the Con¬
ChargesRentals of leased roads in ’83-84. $1,568,704
stitution, and that course Congress has not yet seen fit to
Less rental ef Iowa Blair roads
.
1,457,188—
Int.
on
la. Blair roads.
on
adopt.
344,050-$5,635,950
476,600—$5,159,350— 5,313,866
$4,078,093
Northwestern system proper
Net Sioux City & Pae. year ended June 30,
Interest on debt of Nebraska Blair roads
’84.
.=
$521,940
405,210—
116,730
$4,194,823
Amount available for stock...
($31,365,900) at 7 p. c. requires $2,195,613
Pref. stock ($22,323,900) at 8 p. c. requires.... 1,735,912— 3 981,525
Common stock
$313,29-:
Surplus beyond regular dividends
We think the above is
close
approximation as can
be made under the circumstances.
We may say that there
are some minor items not taken into account by us, because
they are unimportant in themselves and not likely to affect
the result materially, and would, if introduced, merely
confuse the reader.
Land sales, of course, are altogether
omitted, as they never form part of the company’s ordin¬
ary accounts.
as
present system would ever
have been deliberately established, in all its parts, as a per¬
fect one.
A forcible argument might be made in favor
of biennial sessions of Congress; but if we are to have
annual sessions, the time between the beginning of Decem¬
ber and the 4 th of March is too short for the work that
must be done in it.
Nothing of any importance is ever
accomplished until after the holiday recess, so practically
No
;
Deduct div. on Omahapf. st’k, <fec.
Result
$71,516
83,000
Sinking funds in 1833-84
Int. on debt May,’84.$5,141,900
Add int. onnewdeben.
150,000
an
'
things to be done the coming week at
Washington, and the shortness of the time allowed to
Congress for doing them, suggest a change in our general
system which has been vaguely proposed more than once,
but which has never to our knowledge been fully worked
out in its details, as it has certainly never been urged as
The multitude of
its merits
deserve that
it should be.
We refer to the
proposition that the date of beginning and ending what
will think that the
begins about, say, the 5th of January. There
remaining of the session eight weeks and two days
—fifty working days, which is insufficient for even a due
consideration of the appropriation bills.
Judging from
experience, some of these absolutely necessary bills must
be every year crowded into the last days of the session,
when the hurry and confusion always prevent members
from discharging their duties to their own satisfaction or
to that of the people. Whatever, in addition to the appro¬
priation acts, gets through Congress at the “ short ses¬
sion ” cannot receive the consideration that should be given
the session
then
are
to
THE “SHORT SESSION” OF CONGRESS.
one
permanent general laws.
*
wasting time and space in showing what every
it will readily admit is not a satis¬
factory scheme, let us suggest how an improvement might
be made, simply but not easily, for no Constitutional
change is easily made. The starting point is a resolution
of amendment to the Constitution, which might be in form
Without
one
who reflects upon
somewhat
11
as
follows
:
The term of office of the
of the LTnited
President and Vice-President
States, of Senators, and of
Representatives,
February 21,
would'expire on the 3d of March, 1889, are ex¬
tended to and shall expire on the 3d of July, 1889.”
Were such an amendment to be adopted it would make
once for all a change that is greatly needed.
It would
give to Congress as much time for its second session as
Congress itself has usually deemed necessary for its first,
session.
Furthermore, the expiration of a Congressional
term being fixed on the 3d of July, would coincide almost
exactly with the close of the fiscal year ; and the reason
for choosing the 3d of July rather than the 30th of June
is that it makes the birthday of a new Congress and the
inauguration of a new President fall on the Fourth of
July, as they naturally should.
Somewhat closely connected with the evil of a too re¬
stricted session is another, often remarked upon, that of a
too long period between the time a House of Representa¬
tives is elected and when the members begin their actual
term of service.
The members elected on November 4,
1884, will first meet on the 2d of December, 1885. There is
no need of changing the time of the annual meeting, but it
would be well on many accounts to hold the election a year
later.
With the present facilities for travel and communi¬
cation the returns can be collected and canvassed, the re¬
sult declared, and the newly-elected members can reach
Washington from the most remote part of the country in
the four or five weeks between the election and the begin¬
which
ning of the session. This reform, which can be effected
by a simple law. would give us a Congress fresh from the
people, instead of one which does not begin its existence
until thirteen months after it was elected.
It would be
change, also, in view of the provision
the choice of a President in
the electors have failed to give a majority to
useful to make this
of the Constitution relative to
cases
any
Under the present system, if no President
by the electors the choice would be made by
Representatives which was elected in 1882.
proposed system a House of Representatives
candidate.
were
a
where
chosen
House of
Under the
elected in 1883 would make the choice of a
President.
suggestions now because the evils con¬
nected with the short session are fresh in mind.
Every
one can see to-day that it is not available for anything
more than the passage of
the annual appropriation bills,
and is really inadequate even for the proper performance
of that duty.
Besides, it is a good time to begin such a
discussion, for the people, and Congress even more than
the people, move very sluggishly in making changes in
the Constitution ; it is necessary, therefore, to discuss prop¬
ositions a long while before they will be even seriously
-
We make these
considered.
TONTINE LIFE INSURANCE.
To the Editor
of the Financial Chronicle:
Dear Sir—Permit me,
229
THE CHRONICLE.
1885.]
if possible, to make
right, also, as to the part taken by the corporation
gambling game; it is simply the stakeholder,
without liability; The policy-holders are the ones who play;
they furnish the pool; the corporation holds it, and at the end
of the game turns over to the winners what it has on hand;
it ’cannot be compelled to show what it received nor what
it has done with if, nor whether it has turned over all.
The
corporation has nothing at risk: it is only the families of the
policy holders whose protection depends upon what the pool
is made up of, that have anything at risk there.
Whatever
men or their families may lose, the corporation cannot lose; it
has bet nothing in the pool: it has only procured others to do
so, and it holds and has the use of the money without
You
itself in this
account.
question is wholly “one for the assured to determine.”
by what principle shall he determine ? By precisely that
which differentiates “all insurance” in its relations to public or
The
But
private morals from “a game of
chance” involving money.
families exposed to a
given loss, without their own fault, undertake so to bear the
whole loss in common that no one man or no one family shall
be left to bear his or their loss alone, though each one's share
in the common loss will be variable; it is a scheme for sharing
in common the disasters’to each one, disasters which no one
Insurance is
a
scheme whereby men or
could avert.
of chance” involving money is a scheme whereby
which does not belong to others,
that in which others have no interest, that to which they have
not the slightest relation, that which they have not earned,
that which they do not stand to lose, that for the use of vthich
he is responsible, and stakes its loss to them, on some agreed
chance, whereby he hopes to take from them what is not his,’
what he does not seek to earn or to give any true service for,
what he has no proper interest in, relation to, or responsibility
for.
That is gambling.
Insurance is the division among many, according to the doc¬
trine of probabilities, of a loss which has afflicted one.
“A
game of chance,” gambling, is the deliberate, unnecessary
infliction of a loss upon some for the benefit of others, the in¬
cidence being determined by something in which neither
losers nor winners have any real interest by which they would
not stand to gain or lose anything which they had not delib¬
erately put at hazard upon it.
In insurance one risks his premiums, because only so is he
protected against the risk of a much greater loss which he has’
no power to avert. In “a game of chance” one risks his money
not to protect himself against a loss which he may incur, but
deliberately and needlessly exposes himself to a loss that he
may perhaps inflict a loss upon some one else.
In life insurance the true man must act, not for himself, but
for his family ; to protect them he is willing to lose his prem¬
iums, and to take the risk of losing more in premiums than
the face of his policy.
But when he puts at stake a constantly
increasing part of the protection he has paid for—when he
needlessly exposes his family to the loss of any part of their
protection in the hope that he may himself win the price of
the like protection needlessly lost by other families—he is in¬
dulging in a pure “game of chance.'’
It does not weaken the company : it receives the money and
holds it many years without liability.
The company is not
gambling : it simply holds the stakes.
But, that it may hold
“A game
a man
the
clearer the pre¬
are
takes of his own, that
stakes,, the company
creators of their
has invited the heads of families, the
homes—whose lives are the only stay
of those
feited
they have made helpless—to participate in a game in which
their own hearthstones are the counters and the bread of their
future fatherless ones is the thing played for, all for no earthly
necessity; that is the iniquity of Tontine.
There is no doubt how the family would determine the
of its schemes.
question if left to them. There is, therefore, no doubt as to
how the assured ought to determine it.
Nor is there any
doubt as to the determination, except with those whose love
of speculation is paramount, when the thing is clearly under¬
stood. Neither companies nor agents say first and directly,
‘Here is a scheme by which if you do not pay to the letter,
all through your Tontine or semi-Tontine or distribution
period, your family will lose all or a part of the paid-up
insurance which your contributions to reserve and surplus
ought to buy.” They say, “Here is a scheme by which, if
you can pay through, you will help divide a large amount of
contributions to reserve and surplus which other men will*
have to drop.” The paid-up protection to families involved
grounds of objection to Tontine life insurance, in reply to
your comments of February 14 upon what 1 have written.
I do not “ claim that such business of itself weakens the
cise
companies practicing it.” To accumulate the reserves for¬
on lapsed policies, and all the surplus earned by them
and by the policies that have matured by death, during all
the various Tontine periods, to postpone all division of them
from five to twenty years, to hold them all the time, not as a
liability to the pool, but as general assets, liable for all the
obligations of the company; in other words, to accumulate
many millions of dollars to which the corporation alone has
title, which it has not to divide for many years, which it has
the full legal power to use for any corporate purpose, and for
the use and division of which it can never be called to account,
over which its own control and action are absolute and final—
this does not weaken the corporation practicing it, either as to
financial solvency or as to working capital for the promotion
THE CHRONICLE.
230
The
apparent on the face of things and is not men¬
tioned. And the point of perspective offered is not one’s own
risk of loss, but that of another. Respectfully yours,
and lost is not
London
IPmielars s ©oraraevcial guglish Hews
HATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
Jan.
“
On—
Time.
Amsterdam. Sight.
Amsterdam. 3 mos.
Berlin
Frankfort...
If
20*66
4i
20*66
12*50
12*50
41
Antwerp....
Bt. Petersb’g
1*
(1
Paris
Paris
Genoa
Madrid
Cadiz
Lisbon
Alexandria
5 Short.
12*10
Feb.
Feb.
©20*70
2)20*70
Feb.
'2)12*5 2*2 Feb.
5 3 mos
II
5
5 Short,
4
5
20*50
©20*69
@12*521$
25*53%® 25*58 *4
Feb.
Feb.
Feb.
44
3
5
5
25*33
47*50
44
.
41
Constant’plc
dem’nd
Bombay
....
44
Calcutta
New York...
Is.
Is.
44
Hong Kong.
Shanghai....
m
m
Jan.
Feb.
Feb.
Feb.
Feb.
Feb.
73, fed.
7316d.
mm
....
| From our
own
110*37
31 3 mos.
5 tel. tsfs
44
5
Is.
IS.
4 1
7iie<l.
73f{o(l.
of its minor branches
was
exhibiting
more
4
3X®3%
3
4*-4*
9% 9H-9H
9X 9H-9H
9X 3?4-394
8
3M-3J4
8H®3% 3% nom 396®3%
3
3
in
steadiness.
,
Circulation excluding
Bank post bills
£
24,310,285
-
m®
-
3J4-3J4
Public deposits
7,118,413
22,911,158
1882.
1883.
1884.
A
A
£
25,034,485
7,799,472
22,174,330
25,190,175
5,787,202
22,049,000
25.115,355
6,803,119
22,931,026
13,653.665
20,593,446
14,453,063
21,410,677
11,883,372
12.510,343
13,985,671
12,212,501
21,230,231
12,955,652
25.543,659
9,935,710
22,545,956
21,496,986 22,395,827
19,301,065
4618
4p. c.
33 V
6 p. c.
99 %d.
46s. Id.
40*2
3*$ p. c.
46‘22
4 p. c.
10218(1.
10178d.
100116
40s. 6d.
5 VI.
9 VI.
37s. 9d.
5 VI.
34s. 61.
5^.
Mid. Upland cotton..
No. 40 mule twist....
95gd.
Clearing-House ret’n. 133,647,000 119,107,000 108,635,000
correspondent. 1
London, Saturday, Feb. 7, 1885.
Indications have not been wanting this week that trade
some
0
Consols
Eng. wheat, av. price
4*87
3s. 678J.
4s. lid.
5
5 4 mos.
I*
5
80 4
35404
4H®4H
496®
-
4
m
3X
3H
3M *
4X® 4 @ - 4 H® 4%® ~ 496® 3^@4 m®4
396®3& SH®3X
396® 3%@ - sx® 394@3% 3H® sm - 3 m m® - 3 m 3H@3X 33^ nom 3% nom
4X® S»4@ 3X®4
3m 396® -
Other deposits
Govemm’t securities,
Other securities
Res’ve of notes & coin
Coin and bullion in
both departments..
Proport’n of reserve
to liabilities
Bank rate
25*421$
II
At 7 to 14
Six
Four
Six
Three
Four
Three
Months Months Months Months Months Months Banks. Call. Days.
1885.
253lfi
mos.
5
TTm*
following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols
and other items, compared with previous years:
25*34
Short.'
5 3 mos.
5 Checks
2411ifi©24l31*
25*5li4@25*56i4
Short. 25*31 %®25*3614
3 mos. 20*671$ ^-0*72% Feb.
41
Feb.
463jg,©46&ift
a
46316® 46^iq
44
14
20*331$
5
10
Trade Bills.
The
20*50
12*35
•
5
Feb.
12*33i «12*4i4
20*65
Vienna
Trieste
Feb.
Date.
12 1% ®12’23i
I«
Hamburg...
Bate.
Interest aUoteed
Joint
Stock
23 5
“
Time.
money.
for deposits bp
RBaantek.
9
-
EXCHANGE ON LONDON.
Latest
the present prices for
Bank BiUs.
2 5
“
“
Bate.
are
Open market rates.
Jacob L. Greene.
EXCHANGE AT LONDON—Feb. 6.
following
[Vol. XL.
9 %d.
have been
as
101,396,000
market rates at the
The Bank rate of discount and open
chief Continental cities
63,6d.
lOVd.
and for the previous three
now
weeks
follows:
The
7f nen industries especially were improving, and the hope
expressed that this commencement would gradually ex¬
tend itself to other branches and that we should at length
witness a beginning of that commercial recovery we have been
so anxiously awaiting.
Statistical evidence was also afforded
showing that larger quantities of goods were being carried
than was the case a year ago. The traffic returns issued by
the principal railways show an increase in the receipts of
oods carried. The gain on the fifteen principal lines of Eng¬
land and Scotland was certainly less than £14,000, but a small
gain is better than a repeated loss, and as the previous week’s
return showed signs of a mending position, the marked im¬
provement in the succeeding statements was hailed with con¬
siderable satisfaction.
There
was
no
was
be
the
dispute, and consequently unless the tenor of
the seat of
war
speedily changes for the better,
sider that the initiative of
an
news
from
we may con¬
improved commercial status
is again
indefinitely postponed.
market has not developed any great feature.
The earlier part of the week witnessed a decided tendency to¬
wards ease, which was encouraged by the low rates at which
the Treasury bills were placed ; but the close of the week has
The money
shown
firmness, and whereas at the commencement
were weak at 3}4 per cent at the close the
charge was %% Per cent. The explanation of this seems to be
the gradual reduction of floating balances by the revenue col¬
lectors. As this process goes on the Bank will gradually ob¬
tain a tighter hold over the outside market, and thus compel
rates out of doors to approximate more closely to the official
quotation. This week's Bank return did not show any special
feature. The reserve increased about £43,000 and the propor¬
tion of reserve to liabilities was about 1 per cent higher than
more
three months’ bills
last week.
January 15.
January 22.
Bank
Open
Bank
Open
Bank
Open
Bank
Open
Rate.
Market
Rate.
Market
Rate.
Market
Bate.
Market
Paris
3
Berlin
4
2H
2X
3
Madrid
SX
4H
2H
2H
2H
m
4%
Vienna
4
3%
4
3*6
4
3X
4
m
396
396
396
296
896
4X
394
St. Petersburg..
e
S
6
6
0
6
0
0
Copenhagen....
4X
4X
5
5
5
5
5
5
Frankfort
4
Hamburg
4
Amsterdam
3
Brussels
*
4
4
3
4
2%
3
3
9H
4
4X
2%
m
4*
2H
3
4
4
9X
9H
4
3
3
4
4X
In reference to the state of the
& Abell observe
4
2H
3H
9H
3
4
4
4
4X
bullion market, Messrs. Pixley
:
,
Gold —A considerable amount of Sovereigns has been taken from the
Bank since our last for transmission to Egypt and the Brazils, the total
withdrawn being £180,000. There is no demand for bars
export,
and the arrivals during the week have been sent into the Bank.amount-
for
ing to£334,000. We have received £70,000 from New Zealand, £14,400
from Brazils, £98,470 from Australia, £1,100 from India—£183,970.
The Pleiades has taken £30,000 to Montevideo ; the W. I. Steamer,
£5,000 to Brazils; and the P. & O. Steamer, £100,000 to Egypt.
Silver.—The Eastern exchanges have risen, and, as a consequence,
the price of bar silver has improved. Considerable business has been
done at rates from 49Vd. to 49Vd. to 499i«d. per oz.; this last being the
quotation for this day.
The amounts to hand this week are, £36,720
from New York, and £33,000 from River Plate—£69,720.
The P. and
O. Steamer has taken £183,900 to India.
Mexican Dollars.—There have been no arrivals, and we are unable to
give any quotation.
The quotations for bullion are reported as follows:
Feb.
Price of Gold.
s.
Bar
gold, fine., oz.
Bar gold, contain’g.
20 dwts. silver.oz.
Span, doubloons.oz.
77
5.
Price of SUver.
Jan. 29.
d.
s.
9
77
Feb.
5.
Jan. 29,
d.
d.
9
Bar silver, fine..oz.
silver,contain¬
ing 5 grs. gold., oz.
49^-9-lG
4996
49 15-10
49 H
5396
Bar
77 103^
77
10X
‘
........
S. Am.doubloons.oz
Cake silver
oz.
Mexican dols...oz.
5336
......
48
doubt that trade will suffer from this extension of
can
no
Rates of
Interest at
doubt that discussion
becoming less gloomy and that the
spring trade was being looked forward to hopefully. Confidence
seemed to be the chief element wanted, and if only that could
be secured a quietly remunerative business, with a minimum
of speculation to start with, was apparently within reach.
But our hopes have been suddenly and cruelly dashed by the
disastrous news from the Soudan. The fall of Khartoum,
occurring at a moment when the town was regarded as prac¬
tically occupied by British troops, came like a thunderclap
upon us, and we have not yet recovered from its stunning
effects. We have yet to learn the full measure of mischief
caused by this change in the position. Further loss of blood
and treasure must take place before the Soudan difficulty can
be permanently settled, and unless the matter be well and
effectively taken in hand by the Government, and with a
much stronger hand than that used since the commencement
of these bungling troubles, we shall find the task before us
i ncrease out of all proportion to the ends to be gained. There
in commercial circles
January 29.
February 5.
was
England have disposed of £2,065,000 Treasury
were : In
bills at three months
£1,611,000 and at six months £454,000. Tenders for bills at
three months at £99 4s. 9d. and above received in full, and
for bills at six months at £98 10s. Id. about 53 per cent, above
in full.
The average rate for the three months’ bills was £3 Os.
3^d., and six months £2 19s. %<1. At the close of December
the average rate for three months’ bills was £3 18s. 6d. per
cent.
The three months bills just matured were placed in
November last at an average of £3 14s. Id. per cent, and the
six months in August at £2 7s. 6d per cent.
Messrs. Glyn, Mills, Currie & Co. have issued their promised
balance sheet, showing, as was expected, that the bank is in a
very strong position.
The assets as represented by cash in
hand and at the Bank of England and investments in consols^
colonial government and other guaranteed securities, amount
to 60 per cent of the liabilities.
.
Viscount Monck, in addressing the meeting of the share¬
holders of the Anglo-American Telegraph Company yesterday
The Bank of
bills.
The
allotments
2n
THE CHEONIGLE.
February 21, 1885.]
the Mackay-Beunett
cable/and remarked that it had come at a very unfortunate
times for the Anglo-American Company. He stated that it was
obvious that there was very little use approaching the MackayBennett people for a compromise until they had ascertained
naturally referred to the competition with
their future would probably be. Vis¬
count Monck did not like to indulge in prophecy, but it struck
him that the ultimate outcome of all these proceedings would
not be as favorable to the telegraphing public as they imag¬
ined that a large number of cables, and consequent competition,
for themselves what
would be.
The number of failures in
England and Wales gazetted dur¬
production of pig iron last month was 202,000 tons, an in¬
of 1,800 tons upon December, 155,000 tons of this being
Cleveland iron, and the remainder hematite.
The grain trade has again relapsed into a depressed condition.
Wheat has given way Is. to 2s. per qr., and has finished up
dull. As was expected, the period of southwesterly winds has
brought up a fleet of overdue vessels, and for the moment the
market is well supplied. Shipments of wheat from America
continue on a liberal scale, but those of flour, although still
large, are appreciably less than in the previous week. The
pressure of American flour on the market just now is very
heavy, but it maintains its value better than wheat, being
relatively cheaper. We are again advised of a slight improve¬
ment in the American wheat trade, more especially for spot
parcels, but the duration of this better tendency is as uncer¬
tain as ever. We have, however, learnt to be thankful for
small mercies, and can only hope that whatever movements
may take place in the value of wheat may be in favor of
the- grower.
The average price of English wheat for the
season is still very low, namely only 32s. 4d. per quarter, or
7s. 7d. per quarter below the quotation for the corresponding
period of 1883-4, when the average was 39s. lid. per quarter.
The continuance of such a low level of values is very dis¬
heartening to the grower, particularly as there is no chance of
any appreciable advance in the immediate future under exist¬
ing conditions. Thus far our imports of wheat have fallen
short of those for the corresponding period of last season by
about 4,900,000 cwts, but those of flour are about 100,000 cwts
heavier.
The stocks held hero must therefore be light.
This would naturally tend to enhance values were it not for the
liberal supplies we can draw from abroad were there any
The
crease
ing the week ending January 31 was 82. The number in the
corresponding week of last year was 53, showing an increase
of 29, being a net decrease in 1885 to date of 263. The number
of bills of sale published in England and Wales for the week
was 249, or 2 less than last year, the
actual falling off to
date being 52.
The number published in Ireland for the same
week was 13, or 7 below last year, the net decrease to date
being 43.
It was officially notified to the Board of Trade during
January that the number of British vessels reported lost
was 111,
of which 90 were sailing and 21 steam vessels;
the tonnage of the
former being 21,068, and of the
latter 11,723, making an aggregate of 32,791 tons. The lives
lost were 134, namely 96 on sailing vessels and 38 on steam¬
ships. It should be noticed that this is a record of “ reports
necessity.
received” in the month, and not of wrecks which occurred
The extent of the sales of home-grown wheat, barley and
during the month. Many of the reports received in January oats in the leading markets of England and Wales during the
relate to casualties which occurred in previous months’ casual¬ first twenty-two weeks of the season, together with the average
ties not resulting in total loss of vessels and the lives lost by prices realized, compared with the previous season, are shown
in the following statement:
such casualties are not included.
2Z*
SALES.
going off fairly well. The tone is steadier
now than at the opening, but is not altogether so sound as
could be wished. About 160,000 bales have been disposed of
and something like 60 per cent of this quantity has been taken
The wool sales
are
1883-4.
1884-5.
Wheat
qrs.
Barley
1,426,876
2,345,564
1,488,782
2,317,939
1831-2.
1,020,100
121,057
136,773
1,173,898
1,110,030
148,187
125,639
Oats
1882-3.
1,063,561
AVERAGE PRICES.
•
1882-3.
s. d.
1883-4.
8%
d.
1884-5.
d.
8.
for export.
The Board of Trade returns
1881-2.
8.- d.
perqr. 32 4
39411
41 1
.47. 0just issued for the month of Wheat
Barley
31 8
33 0
33 7
34 2
19 5
20 9
19 8
20 9
January are still unsatisfactory. The exports show a falling Oats
off of £1,243,016, of which £780,000 is traceable to reduced
Converting quarters of wheat into cwts., the totals for
the whole kingdom are estimated as follows:
shipments of metals, &c. The iron and steel industries con¬
1884-5.
1883-4.
1882-3.
1891-2.
tinue to be our weak spot. In the imports there is an increase Wheat
cwt. 21.354,714
20;584,843
18,435,100
17,691,800
over iast year of £403,784.
There has been a considerable in¬
The following return shows the extent of the imports of
crease in the receipts of wool and cotton, but a heavy falling cereal produce into the United Kingdom during tbfr first
twenty-two weeks of the season, the sales and average prices Qi
in silk.
home-grown produce for the same period, and other items, com,The imports for January were:
pared with last season:
1883
£35,736,816
And the
| 1884..... £35,645,221 | 1885
£36.040,005
exports of British and Irish produce and manufact¬
ures:
1883
The exports
£18,103,525
£19,352,541 | 1885
£20,603,659 i 1834
of foreign and Colonial merchandise were:
£3,766,002
£3,510,071 ] 1885
1883...... £3,891,000|1834
following are some of the leading items of imports and
exports:
The
IMPORTS.
Cotton.
■
From United States
All countries
cwts.
1884.
1,926.961
2,349,778
1,557,645
2,037,794
1,644,714
2,115,766
1,024,369
4,133,531
1,038,135
826,209
3,816,369
1,649,566
917,152
1.028,696
1,425,317
990.683
1,353,301
1,291,514
1,700,236
1,353,367
4,360,400
Flmir.
United States
All countries
EXPORTS TO UNITED STATES.
1883.
piece goods
piece goods
Linen
Woolen fabrics....
1885.
yds. 8,550,100
9,282,100
7,668,900
8,415,000
6,455,400
9,200,100
3,247,900
4,495,900
4,210,500
Worsted fabrics
The movements in the
1883.
£
Imports in Jan....
Exports in Jan....
.
Exports in Jan..
.
666,300
1884.
£
To and
1885.
1884.
£
£
£
220,392
903,570
980,051
795,844
851,228
! 977,522
780,588
1885.
£
959
7o9
300,845
2,350
*
242,759
7,802
730
24,200
Supplies of wheat and flour available for
stocks Sept. 1 not being included:
consumption in twenty;
Beans
Indian
Flour
oorn
two weens,
1881-2.
1882-3.
1883-4.
Imports of wheat, cwt.21,066,705
Imports of flour
6,874,180
Sales of home-grown
25,923,121 28,757,926 26,843,456
6,783,732 6,820,816 3,340,153
„
exports of silver to British India were: January, 1885,
£8,200; January, 1884, nil, and January, 1883, £8,915.
The Cleveland ironmasters’ return for January shows another
large increase of stocks of 32,728 tons. This makes, with the
additions in November and December, 83,000 tons—an almost
unprecedented enlargement. The cause is the decline of
foreign consumption and the depressed state of trade at home.
The total stock in hand of Cleveland iron is 871,000 tons.
.
^
21,354,714 20,584,843 18,435,100
17,681,800
54,103,842
47,365,549
49,295,599
Total
Av’ge price of English
wheat for season.qrs.
32s. 4iL
Visible supply of wheat
in the U. 8
bush.42,575,000
53,291,696
41s.
39s. lid.
47s.
id.
0d.
21,000,000
17,800,000
2,269,000
2,390,000
2,175,000
The following shows the quantities of wheat,
dian corn on passage to the United Kingdom.
2,907,000
34,900,000
Supply of wheat and
qrs
...
,
...
flour and In¬
present.
Last week.
2,300,000
2,175,000
At
Wheat
Flour
Indian corn
qrs.
194,000
358,000
216,000
320,000
1883.
2,134,000
Last year.
1,830,000
240,000
231,000
262.000
168,000
English Market Reports—Per
Cable.
securities, &c., at London,
at Liverpool, are reported
follows for the week ending Feb. 20 :
The daily closing quotations for
and for breadstuffs and provisions
by cable
as
Sat.
London.
269,912
The
6,561.092
6,516,816
4,563,013
864,209
981,139
998,318 „ 728,048
5,649,053 10,611,236
6,820,816
3,340,153
from United States.
1883.
522,601
890,290
SILVER.
Imports in Jan..
Countries.
439,839
1,630,416
510.276
801,000
precious metals have been as follows:
To and from all
GOLD.
9,804,656
9,280,993
flour afloat to U. K.
1884.
961,000
28,757,926 26,843,456
25,923,121
5,718,056
827,009
1,250.283
12,424,335
6,783,732
4,911,314
974,490
1,657,205
8,539,781
6,874,180
Oats..
Peas
produce
Wheat.
United States—Atlantic ports
Pacific ports
All countries
Cotton
8,395,242
Barley
1881-3.
1882-3.
1883-4.
owt. 21,066,705
Wheat
1884-5.
1885.
1883.
'
IMPORTS.
1984-5.
Silver, per oz
Consols for money
d.
49
99
Tuts.
Wed.
487s
98i5H
48l316
991,6
993J6
48i3lfi
4813.6
99 4
9813.6
99*8
991,«
Consols for aocount
Pr'ch rentes (in Paris) fr 8l-22ig 31-221* 81-35
11430
11438
11438
U. S. 4**s of 1891
12530
12538
12538
U. 8. 4s of 1907
3938
39*8
393s
Canadian Pacific
Chic. Mil. &St. Paul.... 75*8
Erie, common stock.... 12*
125*
Illinois Central
Pennsylvania
PhUadelphia & Reading
York Central
Sew
53
83s
943a
Fri.
Thure.
Mon.
7378
12%
125*4
5278
8**
93 78
743a
1278
125%
53
8i*
94*3
993a
81-50
1141*
1253a
40
75*6
13*4
12619
53*
8*
96*
48 7a
981316
9813,6
81'60:
114%
125H
81-45
114**
1253a
39 7«
39 7e
75%
13%
126%;
75
13*
126%
53 70
8*
97*
53 V
/
f
8%
THE CHRONICLE,
282
8.
Floor (ex.
BHimI
Va
State).100 lb.
VriiOOI/i AAV*
1
nr Vi
A) If lli
Spring, No. 2, n.
winter, South, n
Winter, West., n
Cal., No. 1
Cal., No. 2
Com, mix., old...
10
d.
9
Wed.
Tuts.
Mon.
Sat.
Liverpool.
d.
s.
9
10
d.
9
s.
10
10
9
10
7
9
7
7
6
i
7
9
7
7
6
1
8
O
1
8
7
9
7
7
6
1
8
0
1
1
8
0
8
7
9
7
7
6
4
58
33
86
36
8
4
58
33
86
37
59
7*2
4
7*2
f.
d.
«.
by our New York Custom House.
the total imports of merchandise.
Fri.
Thurs.
d.
9
10
d.
9
7
9
7
7
6
1
8
0
1
8
8.
[Vol. XL,
“
“
“
“
“
“
Com, mix., new.. “
Pork, West. mess..# bbl
Bacon, long clear
4
58
33
Beef. pr. mess, new,# to 86
Lard, prime West. $ owti37
60
Cheese, Am. choice
i
8
0
1
8
8*2
0
0
0
0
0
8
0
1
8
4
58
33
86
36
8*2
0
0
0
9
0
60
59
O
0
0
6
0
8
4
58
33
0
6
0
9
0
58
33
86
36
0
6
0
C
0
59
86
36
58
General
Dry
Goods.
dise.
$
10,808.800!
Total.
Merchan¬
dise.
*
January....
1884.*
Total.
Merchan¬
Goods.
6*2
f
General
Dry
Month.
*
13.598,890
*
17.648,208
28,457,008
*
26,398,814
*
39,997,704
O
CUSTOMS RECEIPTS.
EXPORTS FROM NEW YORK.
6
0
6
0
At New York.
Total Merchandise.
Month.
Month.
1884.
18S5.
©nmract-cial anti pXtsccIlattcoxts Items
bank has lately
National Banks.—Tlie following national
'
1885.
1
covers
IMPORTS INTO NEW YORK.
<<
7
9
7
7
6
The first statement
been organized:
$
32,718,154
January
1884.
1885.
!
$
26,792,785
$
10.299,908
January
I
*
11,762,029
Union Pacific.—The Boston Transcript comments as fol¬
on the land grant of this company : “The largest land
sales ever recorded in the United States in any one year, out¬
side of Government transactions, may be set down to the
credit of the Union Pacific land department for the year 1884.
The Union Pacific Railroad Company had an original grant
lows
3,304—Tlie First National Bank of Westmoreland, Kansas. Capital,
$50,000. A. Rickards, President; A. B. Pomeroy, Cashier.
Imports and Exports for the Week.—The imports of last
tlie preceding week, show
week, compared with those of
increase in both dry goods [and general merchandise.
The total imports were $6,342,557, against $5,831,069 the pre¬
an
of
ceding week and $7,419,703 two weeks previous. The exports
$5,787,330, against
$6,425,455 last week and $7,153,161 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Feb. 12 and for the vreek ending (for general
merchandise) Feb. 13: also totals since the beginning of the
first week in January:
leaving 8,323,000 unsold.
for the week ended Feb. 17 amounted to
FOREIGN IMPORTS AT NEW YORK.
1885.
For Week.
1882.
1883.
1884.
Dry goods
Gen’Imer’dise..
$2,970,536
6,577,368
$3,667,599
6,052,368
$3,735,216
4,895,76G
$2,185,795
4,156,762
Total
Since Jan. 1.
$9,547,904
$9,719,967
$8,630,982
$6,342,557
Dry goods
Gen’I mer’dise..
$21,167,295
44,116,506
$20,424,338
42,374,148
$19,245,446 $ 14,933,461
32,586,042
39,100,079
Total 7 weeks..
$65,283,801
$62,798,486
$58,345,525
„
$47,519,503
11,000,000 acres of land from
1884 there had been soid from this
the United States. Up to
grant only 2,775,410 acres,
In 1884 there was sold of this land
quantity of 4,348,202 acres, or nearly 40 percent
of the original grant.
The price for this amount of land sold
was $6,603,796.
The price for which the 2,775,000 acres sold
previous to 1884 was $11,171,346. After deducting more than
$2,000,000 for expenses and taxes, and adding the receipts for
interest, etc., this land grant had netted the Union Pacific
$10,834,021 up to 1884. The past year must have added more
than $6,000,000 to this amount, and there was on hand unsold
at the beginning of 1885 3,975,000 acres, worth perhaps $1 an
acre, but which by being held may yet realize $2 per acre.
What this sale of more than 4,000,030 acres of land in one year
amounts to may be better comprehended by reference to the
fact that the public-land entries and sales for the United
States, as reported by the Government Land Office, were con¬
sidered very large when they reached 19,430,000 acres in 1873,
and almost phenomenal when they reached 27,500,000 in 1884.
The amount of bonds originally issued under the mortgage
of this land grant was $10,400,000, and all but $3,250,000 have
been canceled. These will be paid off as they mature in the
next four years.
There will then remain from $15,000,000 to
$20,000,000 of assets applicable to the redemption of the
Union Pacific sinking-fund bonds, of which $13,898,000 are
now outstanding.
The Kansas Pacific land department made sales last year of
475,008 acres, for $2,002,602, and it has in reserve lands exceed¬
ing in amount and value those of the Union Pacific grant.
Up to 1884 there had been sold of the Kansas Pacific and Den¬
ver Pacific grants 1,886,208 acres, for $7,101,694, and the net
proceeds, including contracts on hand, had been $6,508,946. It
has now on hand 4,500,000 acres, for which there will probably
be realized from $2 to $3 an acre.
“The Union and Kansas Pacific railroad companies were given
grants of land of no great fertility or worth, and, compared
with" the 40,000,000 acres donated to the Northern Pacific, or
the 40,000,000 acres granted under the Atlantic & Pacific char¬
ter, the 11,000,000 from the “Great American Desert” given to
the Union Pacific, and the 7,000,000 acres from the unoccupied
Kansas and Colorado prairies, donated to the Kansas Pacific,
were not extensive grants.
Being now a little more than half
sold5 we can approximate their advantage to the company.
Up to 1885 there have been sold 9,500,000 acres of these
18,300,000, from which tlie net proceeds, including contracts,
were $25,000,000, and there now remain unsold 8,500,000 acres,
the enormous
“
In
our
report of the dry goods trade will be found the im¬
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Feb. 17, 1885, and from January 1 to date:
EXPORTS FROM NEW YORK FOR THE
1882.
WEEK.
1885.
1884.
1883.
“
For the week...
Prev. reported..
$6,611,935
38,676,121
$6,963,600
42,205,023
36,846,666
$5,787,330
42,560,528
Total 7 weeks..
$45,288,056
$49,168,623
$43,240,885
$48,347,858
The
$6,394,219
following table shows the exports and imports of specie
port of New York for the week ending Feb. 14, and
January 1, 1885, and for the corresponding periods in
at the
since
1884 and 1883:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Imports.
Exports.
Gold.
Week.
Great Britain
France
Week.
Since Jan.1.
$4,000
$
142,434
479,013
6,574
$3,500
Germany
West Indies
Mexico
South America
All other countries...
Total 1885
Total 1884
Total 1883
$
828,850
1,520,773
137,196
6,493
578,496
2,26S,055
16,175
77,675
16,342
1,800
49,164
2,60S
$2,370,572
86,447
34,150
$629,821
10,271
26,735
$2,543,034
2,398
$601,069
4,880
Silver.
Great Britain
France
German /
West Indies
Mexico
South America
All other countries...
Since Jan. 1.
..
worth at least
realized
-
$305,777
$1,986,187
$
46,903
.
16,374
21.254
4.320
50,774
36,877
26,259
4,235,
one dollar an acre, but from which more will be
Western lands appreci ite in value with the growth
101,405
451,500
of the country.
“
Tiie Kansas Pacific land department has negotiations on
hand for the sale of 150,000 acres of land, and the outlook is
for larger sales in 1885 than in 1884.
The Union Pacific divi¬
sion will sell considerably less than in 1884.” ,
1
Januaryv 1885, compare as follows with the
January, 1881:
—Land sales for
sales in
4,252;
as
January, 1885.
/
Total 1885
Total 1884.
Total 1883
$305,777
273,624
242,575
$2,079,205
2,158,225
1,802,105
$4,326
91,517
$113,910
49.076
313,611
710,314
Of the above imports for the week in 1885, $7,200 were
American gold coin and $4,326 American silver coin. Of the
exports during the same time, $17,598 were American gold com.
U. S. Sub-Treasury.—The following table shows the receipts
and payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of tlie past wTeek :
Balances.
Date.
Receipts.
Payments.
Com.
Currency.
Feb. 14.
“
16.
“
17.
«
18.
“
19.
“
20.
1,345,588 33
1,365,893 28
981,296 27
1,153,802 37
$
$
$
858,418 14 131,448,855 59 22,487,620
1,128,145 24 131,529.225 78 22,694,060
807,738 78 131,766,744 15 22,941,391
883,747 87 131,797,221 72 23,446.059
752,189 17 130,958,137 34 23,514,250
1,080,326 96 132,037,362 61 23,503,500
Total...
7,588,812 74
5,510,596 16
$
1,327,277 67
1,414,954 82
30
78
89
give the following figures for the full months, aiso issued
’85.
,
^
January, 1884.
.
Amount.
Acres.
Amount.
$18,161 10
47,412 30
88,738-08
22.073-18
$272,324 73
116,305 00
40,715-92
70,996-24
$95,581 40
$293,048 33
111,712-16
$388,629 73
—The Ontario Silver .Mining Co. has declared its
dend of $75,000 for January, payable at Company’s
104th divi¬
office, San
Francisco, or at the transfer agency, 15 Broad Street, N.Y. City.
—Mr. J. P. Wintringliam, No. 36 Pine Street, has issued his
yearly tables of the range in prices of batik, insurance, city
railroad and trust company stocks in 1884, and they will
be found very useful for general reference, as well as to show
the
89
28
46
Foreign Trade of New York—Monthly Statement.—In
addition to the foregoing tables, made up from weekly returns,
we
Total.
Decree Jan.,
'
32,27031
8.445-61
Acres.
Union Division..
Kansas Division.
course
of these investment stocks.
sold at the
auction this week by Messrs.
Auction Sales.—The following, seldom or never
Stock Exchange, were sold at
Adrian H. Muller & Son.
Shares.
j
Shares.
30 Reassurance Co. of N.Y.. 106
10 N. Y. Mut. Gas-Light Co.
Bonds.
20 Fulton
Municipal Gas;
148*2 i $25,010 Am. Safe Dep. Co. of
Light Co
N. Y., 5s, Per. Deb. Bds.
50 Domestic Electric Manuf.
Co
$8 per share $4,000 N. Y. City Cent. Park
10 Real Estate Exchange &
Fund, 6s, Reg. Stock,
due 1887
Auction Room, limited. 100*4
107*s
■
I
122*4
89
& int.
February
233
THE CHRONICLE.
21, 1885.]
The
Jbe fSauliers7 dasjette.
Prime bankers’sterling
Prime oommeroial
recently been announced:
Per
cent.
Name of Company.
are as
When
Books Closed.
Payable.
(Day8 inclusive.)
follows
4
4
4
5
bills on London
Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort
or
:
Sixty Days Demand.
February 20.
DIVIDENDS.
The following dividends have
posted rates of leading bankers
Bremen (reichmarks)
4 87*2
84
82
81*2
22*2
40*8
94»8
5 20
40*4
95^4
*
Railroads.
fr. 'Rninifl 'Rrrw»y (<jnnr.)
Iowa Falls & Sioux City (quar.)
.
On
1\
March
$1
Feb.
coins:
2
Miscellaneous.
Delaware Division Canal
NEW
YORK,
FRIDAY,
$4 84
3 85
Sovereigns
Napoleons
15
FEB. 20, 1SS5.-5 F. M.
The Money Market and Financial
Situation.—The mar¬
X X Reichmarks. 4 74
3 96
X Guilders
Span’liDoubloons.lS 75
®$4 87
| Silver *4S
and *«8.
—
® 3 90
: Five francs
; Mexican dollars..
1 Do uncoimnerc’l.
i Peruvian soles....
—
4 78
4 00
®15 90
®15 65
®
®
Max. Doubloons.. 15 55
F ne silver bars
1 065g®
..
kets have all been influenced to
the
a
certain
extent this week
by
snow blockades throughout
the Northern and Northwestern States.
The movement of mer¬
heavy storms and consequent
chandise has been
greatly impeded, and railroad traffic for one
certainly be diminished; but the difficulty is
quite temporary, the roads are again open, and the freight must
or
two weeks will
Finegoldbars
Dimes & *2 dimes.
United
999*®
—
English silver
—
9954®
92 ®
83*4®
U. 8. silverdollars
par.
—
—
—
—
94
84*s
—
76*2® — —
4 78 ® 4 84
—
1 07*2 U. 8. trade dollars —noin. ®
par®*4prem
—
—
99%®
—
par.
par
transactions in government
and quotations remain nearly the
States Bonds.—The
bonds have been moderate,
same as last week.
The closing prices at the
N. Y. Board have been as follows :
'
Interest
Periods.
•
come
quotations in gold for various
Coins.—The following are
deni.
2
forward.
ii
Feb.
16.
Feb.
17.
Feb.
18.
Feb.
19.
>Feb.
20.
1
The
uncertainty hanging about the actions of Congress in
these last few days of its session is calculated to check busi¬
ness transactions in some degree, and the probability of
the
adoption of any measure repealing the silver coinage law is
variously discussed in different quarters.
Railroad earnings for the first week of February were particu¬
larly good, but the second and third weeks may be much less
favorable on account of the extremely bad weather, but without
further trouble from storms
or
floods the railroad traffic after
Q.-Mar. *111^8 *111*2 *111*2 miss *11158
4*2?, 1891
Q.-Mar. 11234 *11258 112’a *112% 11 2^
4s, 1907
Q.-Jan. *122i8 *122*8 *122*8 122*4 *122*8
Is, 1907
Q.-Jan. *L22*8 *122*8 122*8 *122*8 122*8
*101i4 '101*4 *101*2 *101*2
3s, option ID S—reg. Q.-Feb. *101
*125
*125
6d,cur’oy, ’95—reg. .1. A J. *125 *125 *125
*127
*127
*127
*127
6*,cur’oy, ’96—reg. J. & J. *127
*129
*129
*129
*129
63,cur’cy, ’97—reg. J. A J. *129
*132
*132
*132
*132
6s,our’oy, ’98—reg. J. & J. *132
4*38,1891
reg.
coup.
reg.
coup.
*11158
11278
*122*8
*122*3
*101
*125
*127
*129
*132
es.our’oy. ’99.. .reg. J. A J. *13312 *133** *133*2 *133*2 *133*2 *133*«
*
This is the price
State
bid at tlie morning board: no sale was made.
and Railroad Bonds.—There have been few sales
tax bonds having
February ought to show a handsome improve¬
Virginia deferred
ment.
There have recently been indications of a heavy corn at 7; North Carolina consols at 84f.
Railroad bonds have shown more activity and much firmness
movement beginning at the West, and unless these prove to be
throughout the general list. Nearly all classes of bonds that
misleading, the corn freights, as well as those from hogs, cattle are believed to have ultimate security back of them have been
the third week of
and
provisions the coming spring will be very
Rates for call loans during the week on
collaterals have ranged at 1@2 per cent
of State bonds, the North Carolina special
sold at 5f-6; Tennessee compromise 52f;
large.
stronger, and this applies as well to bonds that are now in
stock and bond default as to others. The Erie 2d consols have been quite
and to-day at active and relatively stronger than the Erie stock, closing at
56 against 54 last week.
West Shore bonds have not been
same figures.
Prime commercial paper is quoted at 4@5 per active,
and after each advance of 1 or 2 per cent they seem
cent.
to fall back very easily; they closed at 36f, against 35f. Atlantic
The Bank of England weekly statement on Thursday showed & Pacific Incomes close at 17, against 17f; Missouri Kansas &
again in specie of £702,821, and the percentage of reserve to Texas consol 7s at. 1024, against 101f; do. general 6s at 69,
liabilities was 48, against 4G§ last week; the discount rate against fi6f; do. general 5s at 54, against 52f; Chesapeake &
Ohio series B at 74f, against 73; do. currency bonds at 26,
remains at 4 per cent.
The Bank of France gained 2,467,000 against 25f; Canada Southern 2ds at 73f, against 73-f; Chicago
francs in gold and 5,976,000 francs in silver.
Burlington & Quincy debenture 5s at 99f, against 99. Many
The New York Clearing House banks, in their statement of other bonds have also advanced, as will appear from the quota¬
.
Feb.
the
14, showed a decrease in surplus reserve of $3,374,050,
total surplus being $51,611,075, against $54,985,125 the
previous week.
The
following table shows the changes from the previous
a comparison with the two preceding years in the
week and
averages
of the New York Clearing House banks.
tions
on
another page.
Railroad
and Miscellaneous Stocks.—The stock market
has been comparatively active and buoyant this week, and
the
far
bull movement noticed in our last has thus
lost
nothing, except in the usual temporary re-actions.
It
is
impossible
to
say
how
far
the
action of professional operators has been followed up by out¬
side buying, but it is fair to suppose that whenever the market
presents a strong appearance, with any reasonable prospect of
continued strength, the public is inclined to take a hand in
stocks.
The argument for buying is quite different on the
Loans and dis. $299,453,tOO Inc. $4,905,700 $345,894,200 $323,352,100
103.296,800 Dec. 2,101,400
59,999,300 basis of the low prices ruling since January 1 from what it
78,319.800
Specie
11,024.000 Dec.
16,543,010 would be
Circulation...
54,100
14,538,200
if prices were 20 to 50 per cent higher; and now
Net deposits..
357,040,900 Tnc
2,622,200 363,544,400 310,712,700
there
is
a
Dec.
21,353,700
37,574.500
32,577,100
617,100
fe'eling, whether correct or not, that we have seen
Legal tenders.
Legal reserve $89,260,225 Ino. $655,550 $90,886,100 $77,678,175 the worst year that railroads are likely to have in the present
Reserve held.
81,353,000 era, and knowing therefore what they were able to do in 1884,
140,871,300 Dec. 2,718,500 110,896,900
$3,674,825 a better idea can be formed of their capacity to pull through in
$51,611,075 Dec.$3,374,050 $20,010,800
Surplus
any other year.
Again, the buyer is inclined to ask himself—
what would be the effect if the silver coinage should be stopped
Exchange.—The market for sterling bills has been quiet and and the trunk line difficulties adjusted? In answer to which
generally steady. The supply of commercial bills is not excessive, question he finds some reason to think that these two events
and the commercial trade balance now running in favor of might lead to a sudden and important rise in stock values.
the country is not yet reflected fully in the rates of exchange. These are but generalities, but they have much to do with the
current of opinion which induces buyers to come in or to stay
The movement of stocks and bonds between New York and
1885.
Feb. 14.
Differencesfr'm
1884.
Previous Week.
Feb. 16.
1883.
Feb. 17.
.
out of the stock market.
foreign cities is believed to be unusually light.
To-day the rates on actual business were as follows, viz.:
Bankers’60 days’sterling, 4 83£@4 83^; demand, 4 86^@4 8Gf.
Cables, 4 87. .Commercial bills were 4 81f@4 82. Continen¬
tal bills were : Francs, 5 23f@5 23f and 5 20| @5 21f; reiclimarks, 94f@94f and 94f@95; guilders, 40@40 1-16 and 40J@
40 5-16.
The
following were the rates of domestic exchange on New
York at the under-mentioned cities to-day : Savannah, buying
£ discount, selling f discount @ par; Charleston, buying par
<g)f premium, selling 3-16 premium; Boston, 20@25 premium;
New Orleans, commercial, 100 premium; bank 200 premium; St.
Louis, 50 premium; Chicago, 40 discount.
The rise in stocks has been led by Lackawanna, which to-day
sold up to lOOf, the highest price reached since December last,
and this makes good the boast of its friends a short time since
that the stock would go above par. The Vanderbilt stocks have
been remarkably strong and sold much above their recent range,
be settled, although
both companies.
earnings. The
grangers have not been as buoyant as other stocks, and close at
71f for St. Paul and 92£ for Northwest.
To-day (Friday) prices were generally strong till two o’clock,
and touched the highest figures about that time, but broke im¬
mediately afterward and declined sharply—Lake Shore from 67
to 65£, Lackawanna from lOOf to 99£, New York Central from
on
reports that the West Shore war was to
such reports are denied by parties identified with
Louisville &-Nashville has been strong on good
94£ to 93f and St. Paul from 72| to 7If.
THE CHRONICLE
234
NEW YORK STOCK
STOCKS.
FJ3B. 30, AND SINCE JAN. 1, 1833.
EXCHANGE PRICES FOR WEEK ENDING
AND
HIGHEST
Monday
Feb. 11.
Feb. 10.
Sales of Range
the Week
LOWEST PRICES.
Friday,
Wednesday, Thursday,
Tuesday,
Saturday,
[VOL. XL.
(Shares).
RAILROADS.
USLUll KJO XI
.
X
•
90 3^
JAil*XJ*u Vj ^• *
*58 "
*38
*30 x2
*10
35 78
& No..
Burlington Ced. Rapids
Canadian Pacific
Canada Southern
Cedar Falls & Minnesota
Central of New Jersey
Central Pacific
Chesapeake <fc Ohio
*l)o
1st pref
Do
2d pref....
2834
30
*5X2
G34
1034
*0
x!3L
121 *2
72
105 *4
92
128
111
7 Xj
|
“
Do
pref.
Chicago & Northwestern
“Do
pref.
Chicago Rock Island A Pacific
Chicago St. Louis & Pittsburg.
w
pref.
Chicago St. Paul Minn. & Om.
Do
prof.
Cleveland Col. Cin. & Indiauap.
7
7
29
'
*3*84 3*84
*38*4 *384
32
*10
33
114
3741
30
0 Xj
314!
114
*0 Xj
37Xj
314 32-s
*0
*10
7
I
11 4 !
1’*131
*04
74
114 i
131
95 *4
7
9034
1
East Tennessee Va. & Ga
Do
pref.
Evansville * Terre Haute
3*2
534
34
94
7
7
*34
49
*40
*2tj
*2 7q
34
*12*2
*12 34
02 34
*09 x2
25 *8
23 *3
74
West’n
Louisville A Nashville
Louisville New Albany* Chic.
Manhattan Elevated, consol...
15
3i
*98
01
994
74
34
34
34
04
04
*45
88Xj
134
*124
624
134
034
254
254
264
23 Xj
74 4
15
34
234
74
25
74 4
144
"
35
134
034
70
*34
*98
*67
61
.
13
13
88 Xj
134
134
034
644
70
70
204
25 4
74 4
274
27
744
34
34
274
884
35
35
324
04
114
8
114
*04
8
01
129
130
112
112
394
33
35
88
*35
131
974
994
8
84
61 x2
3Xj
484
04
49
*24
34
34
34
04
*40
OXj
*0
GL x2
49
34
20
122
144
*15
I)o
•
pref..
Missouri Kansas* Texas
Missouri Pacific
*11 Xj
29
29
10
95
94
154
10
104
93
*8
944
93
>8
120 Xj
9
Morris & Essex
Nasbv.Chattanooga A St-Louis
New York Central & Hudson..
New York Chic. & St. Louis...
......
91*4
*4X3
*
874
12;ja
New York Lack. * Western ...
New York Lake Erie A West’n
92
5
9
914
44
A
874
12 x2
124
92 4
4 Xj
9
'124
37X2
914
4 Xj
9
*80
124
16
180
180
*10
NewYork Ontario A Western.
114
24
54
*164
22-4 224 *224 23 Xj
104
394 *40 4
394
*22 x2
17
40
*104
*5
pref
Do
*104
39 “4
1-4
154
Northern Pacific
pref
Do
Ohio Central
Ohio A Mississippi
*14
10 4
154
11
15
124
Oregon A Trans-Continental...
Peoria Decatur A Evansville..
13 >8
10 4
Philadelphia* Reading
14 4
144
054
044
70
70
284
274
204
27
GO 7S
131
112
274
884
124
124
10 x2
*8'
179 ‘
11
11
15
12 4
124
10 4
0
0
*2*3
17
414
14
174
404
*14
10 4'104
10 4 10 4
104
104
St. Louis Alton & Terre Haute
fif. Trills A Kan Francisco
pref..
..
47 x2
*20
2
3
O
>20 4
*
-18 4
*35
*80
22
82
20 hi
37 4
83
-
....
4
47 Xj
134
13
13*8
134
134
14
104
17
17
174
24
-
~
'8
21*
a A
40 4
O 7
x*
22 4
4
1,255
*48
875
300
17
122
18
1224
13
15
13
15
654
704
67
704
28 Xj
27 4
76 4
20 x.
82
H2 X>
38
“
204
38
84 x.
MISCELLANEOUS.
87 4
87 4
87
124
124
49-4
124
47 Xj
47 4
5
13
5
49 4
5
114
114
87 4
48 Xj
*4
*11
13
51
04
Ranker*’ * Merchants’ Tel
94
72 x2
Colorado Coal & Irou
Delaware A Hudson Canal
94
744
*53
*3
94
72
544
55 4
1114112 4
*3
*25 Xj
Quicksilver Mining Co
T)n
pref
57 4
Western Union Telegraph
EXPRESS.
Adams
American
United States
Wells, Fargo * Co
7
10 4
74
New York Elevated
32
594
47 4
*4
484
644
*114
13
*104
104
74
75 4
624
55 4
554
104
74 4
5
13
50
0
11
75 4
13
47X>
*4
*lli4
484
5 Xj
12
*53
50
*3
11
0
744
114
754
55Xj
32
10 x>
25
14 *2
Feb 20
Jan 20
Jan. 10
32
Feb
20
31
44
12Xj Jan.
6
4’
131
92
52
109
-
*124
29 Xj
29
920
12,770
17,000
11
7 *s Jan.
4*38 11434
4,600
133,283
1,231
925
no
12,482
24
7
8
*13 4 *134
14
21
3
19
1,525
1,900
......
49 4
214
010
300
*88
......
12 4
48
44
13 4
484
44
11
11
*3
7
0,542
151,005
300
330
185
114
754
12
704
4, i 00
15,478
7
6i7e
544
112
32
584
92
52
109
*25 Xj
53*8
654
r>5Xj
1124
30
07
5 44
31
525
67 4
490
54 4
1124 1124
Jan. 14
Jan.
★
lo
14
*4
*Xj
14
G
*120
6
135
584
7
8
8
133
92
52
109
59 4
161,492
134
92
52
2
•
109
71
14*8
25
3*4 Jan.
2
6
83t
6*4
51
3
|
8
Jan. 10
Jan.
3!
GO Xj Jan. 22
9j
HXj
9
7
24 Xj
70
15
G5
10
76*8
90*2
5Xj
8|
10
IS!
261
lO!
28
4
9
7
12
21
3
Jan.
Jan. 30
53Xj Jau.
2
10
10
1
*120
135
20
16*8
24
50
96
29
50
96*2
32 a4
90
99
93
223b
84na
1934
32
1
4
12
Jan.
8|
Feb. 20
1
7
20j1
67
127 34
17 Xj
114
10
173a
76 Xj Feb.
3 4
Feb. 2*6
73
Jan. 10
56 Xj Feb. 11!
ll!
I
122*2 170
834 65*8
60:»4 112
31
57*8
90
334
20
Jan. 30
63 34 Feb. 10
30*
49
2 135
Jan. 28 125
3 93 Jan. 13; 87
45
2 52 Xj Jau. 10
98
2 110 Jan. 16
117
6*2
84
78*8
137
102
61*2
115
1
14
135
7a
1134
24
34
17 34
49
27
.Tap
l7s
14
18
70
19
Feb. 20
22 Xj Feb. 17
Jan. 28 78
10
Feb 18
400
7
147
Jan. 29 151
22 Xj
22 x, Feb. 13
*120
135
50
6
122
15
r
bid aud asked; no sale was made at the Board.
20
8
2!
Feb.
117 130
Jan.
243
87 *8 Jan.
35
48
Jan.
223 104*8 Jau.
«-
*......
Pennsylvania Coal....”
11*8
8
14*8 Jan.
O' 2034 Feb.
35*2 Jan. 3(1 3934 Jan.
H0XjF**b
3 87 x> Jam
22 “ Feb.
7 22 Xj Feb.
77 x, Feb.
7 77Xj Feb.
79 34 Jan.
2 88Xj Feb.
89
Jau. 24 89 »4 Jan.
1134 Jan. 31 13 Xj Feb.
45 78 Jan.
2 5158 Feb.
5Xj Jan.
4
Feb.
3
Jau.
11
Feb. 20 14
30
584
100
*120
83
6
Jan. 14 i
Feb. 16
53Xj Jan. 30
10,508
1,307 107Xj Jau. 2, 11234 Feb.
32
134
134
90Xj 92
52
52
108
109
-
Canton Company
Consolidation Coal
Homestake Mining Co
New Central Coal
Ontario Silver Mining
These are the prices
2034
94*2
283a
19
11
234 Jan. 20
2
18
100
Wairen Railroad
'
505
1,155
10*8
7*4
T7 *2
Feb. 10
184
Feb. 5! 175
7
Jan.
6!
16*2
6
134
2*4 Jan. 28j
8
Feb. 20
4Xj 18*4
10
12Xj
42
17
Feb. 20|
25
27
14
18*8 Feb. 20
4234 Feb. 20| 37*4 573a
1 4Xj
l34Jan. 2
Jan.'
17
Jan.
20 Xj Jail.
1,40*6
89
4
Feb. 17
14
7
Jan.
5j
19
Jau.
21 167s 60=8
11‘UoF.Oi 17 125 b Jail.
7i 119Xj 13o
3| 138 146*2
136 Xj Jan. 29 140 "Jau.
5
2 Xj Jan. 17
2
2*8
Jan 28
61
32
4 4 7s Jail. 19 49Xj Feb. 20!
32
12
19
Jau.
2 2234 Feb. 7|
00
*)\>
Feb. 19
Feb. 20
Jan. 8
Feb
5 30
Jan. 17
17*4
Jan
2 180 Xj
Feb. 13 12 x,
23
22
15's Jan. 21
1,450
384
13 34
127
58
83*2 122
6*4
12 Xj Jan.
700
384
18*2
36*2
115
30
1434Jan.
Jan. 29
Jan. 10
ir>;*8 Feb. 14
11*8
7
88
Jan.
7
Feb 10
10,300
5
Jan.
16
9*2 23*4
63 Xj 100
Feb. 10
Feb.
2
9
15
17
Feb. 20
2
Jan. 29
Jan. 17
17 4
'
Feb.
21
15
36 x2
1 *4
14
3
19
Jan.
Jan.
Jan.
J an.
1,210
47
......
Jan.
l78Jan. 12
478Jan. 27
255
100
*174
33
84*2
4 *4
7 Xj
8 4 x2
11 *4
20
12
175
10 ••*8
4,220
32,183
1,580
1,600
14
Jail.
100
265
140
600
300
500
11
14
17*4
2 97*8
8Xj
7
2 121
7 3934
19 95Xj
5*8
2
934
3
Jan. 22
90*8 Jan.
7*2
29 *2 Feb. 20
74
.
Virginia Midland
*
Feb. 14
Feb.
7
....
1344 1314
*90
-x50
109
15
30
■
554 554
1114 112 4
*3
*25 Xj
57 4
35
10
64 *a 79
10
24
40
23
85
105
200
85
13 4
707a Feb. 20
32
20X2
......
Feb. 20
Feb. 18
94*2
82
......
67a 1934
59*2 10434
62
78*4
22>a 5138
5134
10 ‘
24
89X2
Feb. 11
Feb. 20
Feb. 20
Feb. 11
*484
*88X2
Feb. 17
64
1078
254
112
112
*1104 112
04
*3
*25 4 32
•*25Xj 32
57 4 584
574 58
*130
x*130 131
135
92
90 4 90 4
914 914
52
*50
514 514 *50
109
*108
no
109
109
Chicago A Alton, prof
Cincinnati Sandusky & Cleve..
Columbus Chic. & Ind. Ceutr’l
Danbury & Norwalk
Keokuk'* Des Moines
0 Xj
13
.......
*52 X,
*3
135
INACTIVE STOCKS.
& Santa Fe
Atchison Topeka
Central Iowa
44
*11
25 4
62 Xj
Pacific Mail
Pullman Palace Car Co
124
544
Mutual Union Telegraph
New York A. Texas Land Po
Oregon Improvement Co
Oregon FiH.fl way A Nav. f!n
13
484
44
,4
......
1234
88 4
884
Jan. 28
Jan. 14
Feb. 10
9334Jan. 30
'>*>
884
51
30
3X>
8*2
185
200
51
20
140
110
86
70
9
20*4
Feb. 13
27 *8 Feb. 20
8*4
14*2
5
.
874
434
Jan.
“
Tip
jiref
8t. Paul AIinneap. & Manitoba
Texas * New Orleans
Texas * Pacific
Union Pacific
Wabash St. Louis * Pacific....
Do
pref.
20!
25 %
82
54
17
374
6^
52
3
525
424
*19
*30 Xj
*83
8634 133*8
Jan. 15
Feb. 12'
6
38*a
65
17
+22
.••••«
20 4
38 ‘
83
190*8 Jan. 20 192
Feb. 14 30
1,000 17
1,645 119*2 Jan. 17 120
337
84
Jan 10
88*2
14
11 Xj Jan. 19
1,000
2,000
934 Jan. 7 15
162,716
593s Jan. 19 67
02
Jan.
2 7034
2,064
22
Jan. 10 2834
95,645
35
*
414
14
34
Jan.
3
Jan. 27
0*2 Feb. 18!
49
13*4
16*2
217a
80 \ 100
28
69*2
125*8 141
33 " 33
Feb. 10;
Feb.
7i
334 Feb.
234 Jan. 15
478Jan. 23
37 Xj Jan. 10
11*2 Jan.
Feb. 10
10078 Feb. 20|
10
05
1149*2
6
27XjJan. 15
184
34
3
117
100*4 '12634
420
25
‘>*>
2
140*4
1,500
17Xj
*47
40 4
118
12734
Feb. 10 J107
58*4 94*4
Jan. 12
957« 119
Jan. 19
81 Xj 124
Feb. 10
35
25
......
28
89 78
35
137
20
31
Jan. 10
134
Jan. 31
14x>jan.
9
82 % Jan. 22
7
Feb. 14
55
Jan.- 0
2,525
13,681
9*2
6 *8
834 Jan. 10,
17*2 Jan. 2 4!
2
12
90
67 34
15
28
17
37*2
35
*100
174
424
14
17 Xj
......
......
7*4 Jan.
58*4
57 7a
05
Jan. 15
11 s8 Jan.
3
24
*
20
37
1,790
6 x»
49X2
174
414
14
164
107a
*‘^0
2
370,1*8*6
34
24
*13
134
>13Xj li
17Xj 17Xj
123
123
22
‘>7
104
*54
104
13
*47
*20
78
50
39
24 34
8
Feb. 20
2 112*0 Feb. 11
82*4 Jan.
*8
234
17*8
414
14
104
124
......
52
>47
*20
Richm’d * West P’ut Terminal
Rochester * Pittsburg
13
29
2 131
2,010
8
28
27
76
*14 Xj
2 122 78
2 I 70 *s
Jan. 28 j 107 *2
Jan.
2 | 95
Jan.
Jan.
1,850
100
34
6 Xj
Jan.
128
90
80
80*2
8
Jau. 15
7
2 132 x» Felt.
884
250
604
704
284
27
64
104
30
5
274
164
934
104
93 4
94
104
23 x2
14
104
114
.......
“Richmond A. Danville
Do
124
13 4
10 4
934
9 Xj
120 Xj
38 Xj
944
5
94
35*4 Jan. 3
G34 Feb. 10
1134 Feb. 11
15
Jan. 17
2 4 *s Jan. 19
164 174
164
924 93's
94 4
*8
9-4
94
120
120
1204 1204 1204 120 4
38 x+ 394
39
394
384 394
934 954
94
94
954
954
*44
5
44
4 7s
44
d'4
9
9
9 4
9Xj
94
94
87
87
*86
87
87
x2
87
874
4
12 4 13 4
13
134 134
134
134
294 294
16 4 10 4
10
154 *154
104
93 4
104
135
3,755 11934Jan.
1,400 105 Jan.
510
99
8
85 Xj
14
14 4
14
35
*12
29
13
29 ’
126
4,504 115 x2
224,420 707s
1,325 102
164,901
84%
......
704
75
14
35
*99
63
744
144
Feb.
i 129 *Jan.17
Jan.
5
9034 Fob. 3
Feb. 4
Feb. 4 65
4 4 78 Jan.
Jan. 17
3
Feb. 20
29*4 Jan. 31 35
11
Feb. 12
10
Feb. 10
3134Jau. 20 40 7a Jan. 3
20XjJan. 31
5 Xj Jan.
7
OXjJan. 2«
5Xj Jan. 20
293
214
20
*13
119 x. llUXj
Rensselaer & Saratoga
fitr Panl * Dnliifh
14
29
179
180
179
*11 Xj
29
10 x,
275
910
10
135
131
130
112
1224 1224
13Xj
*98
004
12Hj
25,020
11,813
12
9
32
*11
-28
10
93 7e
*8
21
900
100
39 4
33
*64
30
994
High
Highest.
124
90
57
37
2,200
11
38
32
*6
*11 x2
84
17
274
884
84
*15Xj
274
85 x2
*98
394
11
■
1
84
01 Xj
3Xj
134
144
64 4
*09 4
27 4
27
744
61
62
200
*15
122
144
~
884
•274
*24
34
11 Xj |
394 !
32
*0
1
130
130
112
112
7 4
74
17
17
984
i21*4 i21*4
12 4
12
132
324
60
12241224 12241224 12241224
714 73 4
724 734 ! 72 4 73 4
iUG4
107
107
107Xj 1074 106
93
924 944
94
4
934 944
“
49
*24
34
12141214
Xl2i14l2134
Illinois Central
974
74
22
*L5
17
17
984
74
6
49
0
*45
534
*10
04
8
*38*2
324 I 32 4
114 ! *10
39 4 j
38 4
324
1
304
12158
Delaware Lackawanna A West.
Denver & Rio Grande
Indiana Bloomingt’n A
Lake Erie & Western
Lake Shore
G ’
11
38
31
12
30 Xj
29 Xj
0
11
1.214 121 Xj i*21*4 i22Xj
73
714 724 |
72
73 4
107
105 x2 1044 1054 107
924 91 Xj
934’
914 93
129
129 4
129
128
129
111
111
1114 1
111
111
84
8Xj
*7
8Xj
734
104 104
*15X2 .17
*1534 17
20 4 204
274 27 Xj
2G34 204
88
88
88
87
884
884
35
*344 30
35
34*2 35
130 Xj 130 Xj
Quincy.
Chicago Milwaukee & St. Paul
.
......
38
31
*10
35 4
314
114
304
1034
Chicago Burlington A
Do
*59
110
90 Xj
904
904
Low.
Lowest.
Feb. 20.
Feb. 19.
Feb. 18.
Feb. 17.
For Full
Year 1884.
Since Jan. 1,1885.
110
40
19
10
0
17
*4 Feb.
5
Feb.
Feb.
1*4 Feb.
Jan.
8 50
6
Feb. 17
Jan. 22 130
16
.Tail. 10
Jan 19 116
Feb. 13* 40
Feb. 9 19
10*12
Jan. 30
Feb.
7
6Xj
Feb. 7 17
80 s4
16
152
O!
23*2 24
13
2
1
5
50
8; 50
5
5
17!
130
221 115
21
4! 15
19 121
122*a
13; 39*2 40
23*2
9i 18
11
8
5
10
12
29
14
7
364
264
8
Feb. 20
Jan.
Jan.
Feb.
Jan.
Feb.
Jau.
Feb.
Feb.
Jan.
Feb.
Feb.
3ll
62
li
142
February 21,
235
THE CHRONICLE.
1886.]
QUOTATIONS OF STATE AND RAILROAD
BONDS. FEBRUARY 20. 1885.
STATE BONDS.
Alabama—Class A, 1906.
Class B, 5s, 1906...
Glass C, 4s, 1906...
6s, 10.20s, 1900....
Arkansas—6s, funded
7s, I. Rock <fc Ft. S. iss.
7s, Memp.&L.Rock RR
7s. L. R.P.B. & N.O. RR
7s, Miss. O. & R. R. RR
7s, Arkansas Cent. RR.
Georgia—6s, 1886
( Louisiana—7s, eons.,1914
89
86%
102
57
85%
74
64
102
Ex-matured coupon
»
i
1
105
11
Missouri—6s, 1886
6s, dne 1889 or 1890....
I
1
1
101
7s. 1886
1 0!-{ *o 1 04 in
7s, gold, 1890
111
'
N\
i
Carnlina—fis old
Funding act, 1900
Bid.
Ask.
110
113
117
6s, 1919
Ohio—6s, 1886
106%
South Carolina—
113
115
117
30
10
6s, Act Mar. 23, 1869 )
rion-fundable, 1888. (
Brown consol’ii 6s, 1893
Tennessee—6s, old, 1892-8
6a, new, 1892-8-1900
!
Del. L. & W.—Contin’d—
Morris & Essex— 1st, 7s
Railroad Bonds.
(Stock Exchange Prices.)
Ala. Central-1st, 6s, 1918
Alleg’y C6ntu—lst,6s,1922
Atch.T. & S. Fe—4 %s, 1920
Sinking fund, 6s, 1911..
Atl. & Pac.—1st, 6s, 1910.
Balt.& O.—1st, 6s, Prk.Br.
Consol., 1st, 5s, 1934...
Minn.&St.L.—lst,7s,gu.
Ia.City.& West.— 1st,7s
75
91
121
,
fund,1898.
6s, gold, series A, 1908.
6s, gold, series B, 1908
Pur. money
6s,
98%
„
9838
,
73
3 *2
•
92
9o
61
cons., gu„6s, 1906
Rens. & Sar —1st, cp.,7s
1st, reg., 7s, 1921
137
Denv.&Rio Gr.—lfit, 1900
1st, consol., 7s, 1910
—
Det.Mack.ifcMarq.—1st,6s
Land grant, 3*23, S.A...
109
105
4*4
26*2
92
Mortgage 0s, 1911
©hes.O.&o.W.—M. 5-6s...
Sinking fund, 6s, 1903.. *119%
La. & Mo. Rir.—1st, 7s. 117
*111%
2d, 7s, 1900
St. L. Jack. & Chic.—1st 117*2
1st, guar. (564), 7s, ’94 *117*!
120
2d, (360), 7s, 1898
2d, guar. (188), 78, ’98 *118
Miss. R.Br’ge—1st. s.f.6s
Chic^Burl.<fc Quincy—
131*4
Consol. 7 s, 1903
6s, sinking fund. 1901..
5s, debentures, 1913.... *99
Ia. Div.—8. fd., 5s, 1919 103
93%
Sinking fund, 4s, 1919
92
Denver Div.—4s, 1922..
Plain 4s, 1921
C R.I.& P.—6s, cp., 1917. i*28*%
6s, reg., 1917
41%
42
42
50
4<% 48*4
90
90
121
109
..
104*2
108
107*8
116
132
116*2
113
99 *8
Collat’l trust,6s, 1922.
Buff.* S.W.-M.,6s,1908
,
93
90
*54 *2
N.Y.L.E.&W.—New2d6
----
Ev.& T. H.—1st, cons.. 6s
MtVern’n—1st, 6s, 1923
Fargo & So.—1st. 6s, 1924
x28*2 Fl’t& P.Marq.—M.6s,1920
128*% Gal. Har.& S.Ant.—lst,6s
60
101
*54%^
„
92«41
*115*2 i*16“
100
98
2d, 7s, 1905
*...... 102
West. Div.—1st, 5s
*91%
Central of N. J.—1st, ’901 111
2d, 6s. 1931
99
99*2 Gr’nBayW.&St.P.—1st,6s
lstcons.a88ented;1899 t
57*2 58*2
99
100
107*2
Gulf Cdl.&S.Fe-7s, 1909 106
Conv.,assented, 7s, 1902
2d, 6s. 1923
Adjustment, 7s, 1903... 103 V104
60
68
Hann. & St. Jos.—8s,conv. 103% 104
Conv. debent. 6s, 1908..
Consol. 6s, 1911
117
Leh.&W.B.—Con.g’d,ae
80
Houston & Texas Cent.—
1
*
Am.D’k&Imp.—5s,192
Chie.Mil.& St.Paul—
1st, M. L., 7s, 189It
92*2 91
127
79
80
1st, Western Div.. 7s t..
1st, 8s, P. D.
117
119
1st, Waco& No., 7s1....
«2
2d, 7 3-10, P.D., 1898.. 127
1st, 7s, $ g.. R.D., 1902
2d, consol., main line,8s.
74
116
117%
2d. Waco & No., 8s,1915 ....
1st, LaC. Div., 7s, 1893
119
119%
1st, I. & M., 7s, 1897..
General, 6s, 1921
117%
HoustE.&W.Tex.—1st,7s’
95
1st, I. «feD., 7s, 1899...
jl2G
1st, C. <fcM., 7s, 1903..
2d, 6s, 1913
! ......
120
Ill. C'en.—Spd.Div.—Cp.Os ”115
Consol. 7s, 1905
Middle Div.—Reg., 5s...I 102
j 119%
1111
110%
C.St.L.& N.O.—Ten.l.,7s: H«
07
1st, consol., 7s, 1897
121*4
110
iio%
2d, 6s, 1907
118
119%
1st. H. & D.. 7s, 1910..
Gold, 5s, 1951
1106 106%
113
114
Dub. & S. C.-2d I)iv., 7S;n
H5
Ext. ifc
ol..5h,1934....
Keok. & Des M.—1st, 5s
107
105*4
,
*
'
*
....
..
94%
95%
Min’l Pt. Div., 5s,
94%
92.
Terminal 5s, 1914.
Chic. <fe Northwest.—
Sink, fund, 7s, 1885..
Coupon, 6s, 1909
Kent’ky Cent.—M.6s, 1911
Stamped, 4 p. c., 1911
i’05 *8
*96%
96%
95%
95%
2d, 7s, 1907
.
...
105
*125
Long Isl. RR.—1st. 7s, ’98
1st, consol., 5s, 1931
Louis. West.—1st, 6s
Louisv. & N.—Coii8ol.,7s.
Cecilian Br’ch—7s, 1907
*117**
*98% 100*’
112% 113%
118% 120 I
!
..
Laf.BLA
2d, 6s, 1926
Col H.Val. & Tol.—1st, 5«
Del. L.&W—7s,conv.,’92
*6*5* * *7*5**
*
*130
Mortgage 7s, 1907
Syr.Bing.A N.Y.—lst,7»
♦No prices
66
107
67
*i*22‘
117
M.—1st, 6s, 1919
Louisv.N.Alb.&C.—lst,6s
General inort., 6s, 1914
120
Lou. N.O.& Tex.—1st. 5s
1*30
ManhatB’cliCo.—7s,1909
N.Y.&M. B’h—lst,7s.’97
Metropolit’n El.—1st,1908
2d, 6s, 1899
Mex. Cent.—1st, la, 1911.
1st M., 7s, ex-cp., 6,7ife8
Mich.Cent.- '*nnft.7s, 1902
Consol. 5s, 1902
126*4.
128
115%
115%
ids”
118%
100
79%
68
82*2
81
67%
50
6
3-65s, 1924
Registered
112%
...
.
iio
Funding 5s, 1899
Ask.
Penn. RR.—Continnetl—
Pa. Co.’s Reg., 1921....
,?J*2
117
98
138
Pitts. Ft.W.& Chic.—1st
ibo*
'102
100
*97
120
116
97
Bid.
SECURITIES.
2d, 78.1913
106*2'
2d, 7s, 1912..
3d. 7s. 1912
Clev.A Pitts.—Cons.s.fd.
4 th,s.fd.,6s,1892
St.L. V.&
T.H.-lst,g.,7s
2d, 7s, 1898
2d, guar., 7s, 1898
Pitts. B.<fe B.—1st, 6s, 1911
Pitts. Cleve. <fiTol.-lst.6s
Pitts. June.—1st, 6s. 1922
Pacific Railroads—
110% 111
Central Pac.—G., 6s
San Joaquin Br.—6s.. ‘105
97%
Cal. & Oregon—1st, 6s
Cal. A Or.—Ser. B, 6s. *96
Laud grant bonds, 6s. 101% 102 %
West. Pac.—Bonds, 6s 107% 108
No.R’way (Cal.)—1st, 6s
Sinking funds, 8s, ’93.
Reg 8s, 1893
Collateral Trust, 6s...
do
58,1907
Kans.Pac.—1st, 6s, ’95
1st, 6s, 1896..1
I)env.Div.6s,as’d, ’99
1st, consol., 6s, 1919
C.Br.U.P.—F.c.,7s,’95
At.C.A P.—lst,6s,1905
At. J. Co.<fe W.—1st, 68
Oreg. Short L.—1st, Os
Ut. So.—Gen., 7s, 1909
Exten., 1st, 7s, 1909
Mo. Pac.—1st, cons., 6s.
3d, la, 1906
Pac. of Mo.—1st, 6s...
2d, 7s. 1891
St.L.& S.F.—2d, 6s, Cl.A
3-6s, Class C, 1906....
3-6s, Class B, 1906....
1st, 6s, Pierce C. <fc O.
Income & Id. gr., reg..
RioG.,6s,Aug.ep.on..
do exAug.coup.
89
103
96%
96%
111%
rii%
108
109
Clar’da Br.—6s. 1919
*130
125
il7'
80
107% 110
-
_
Telegraph—7s, 1904
Mut.Un.Tel.—S.fd,6s,1911
E.T.V.&Ga.—Ino.,08,1931
109%
....
109% Gr.BayW.A StP.—2d.inc.
107% 107% Ind. Bl. & W.—Inc., 1919
92% 93%
Consol., inc., 6s, 1921...
85%
96%
91%
......
90
......
86
•
•
•
•
.
95
109
102
99
Ind%Dec.& Spr’d—2d,inc.
Trust Co. certificates..
Leh. <fc Wilkesb. Coal-’88
Lake E.& W.-Inc.,7s,’99
Sand’ky Div.—Inc., 1920
Laf.Bl.&Mun.—Inc.,7s,’99
Mil. L. Sh.& W.—Incomes
Mob.& O.—lstprf., deben.
101%
103%
2d, pref., debentures
104
100
69
17%
93
13
13%
3d, pref., debentures
4th, pref., debentures
7
15
18
16
16
18
71
49
‘26
30
2*6'
80
62
..
4%
*20*
24%
Evansv.Div.—Inc., 1920
37
37%
Peoria* Pek.Un.—Ino.,6s
Roch.& Pittsb.—Inc., 1921
Rome W. <fe Og.—Inc., 7s.
80.Car.Ry.—Inc., 6s, 1931
56*4
52%
Gen. mort. & Ter. 6s.
50
52
Pennsylvania RR.—
Pa.Co.’s gnar.4 *a9,lst.cp
97
99
t Coupons off.
113
Elizab. C. & Nor.—2d, inc
108
100
85
90
68%
INCOME BONDS.
(Interest payable if earned.)
Atl. & Pac.—Inc., 1910...
Central of N. J.—1908
Chic, it E. IU.—Inc., 1907
DesM.A Ft.D.—1st,me.,6s
Det. Mack. <fe Marq.—Inc.
118
101
85
110
N.W.
Centla.—Coup. deb. certs.
118% 119
70
80
St.Chas.Bge.—1st, 6s
No. Missouri—1st, la. *114%
West Un.Tol.—1900,coup. ‘Hi
1900, reg
N.Y.Lake E.&W.—Ino. 6s
98% 100% N.Y.P.& O.—lstinc.ac.,7s
Ohio Cent—Income, 1920
Min’l Div.—Inc.,7s,1921
Equipment, 7s, 1895.. *104
k
93
Ohio So.—2d inc., 6s, 1921
Gen’l mort., 6s. 1931..
Ogdens.<& L.C.—Inc., 1920
So. Pac. of Mo.—1st,6s i’0‘3% 101
108% PeoriaD.&Ev.—Inc., 1920
Tex.& Pac.—1st, 6s, 1905
Consol., 6s. 1905 t
92
Friday; these are latest quotations made this week.
70
41%
Rome W.& Og.—1st,7s,’91 *108
2d, la, 1891
Con., 1st, ext., 5s. 1922.
75% 76
S’thw.Ext.—1st, 7s,1910 11234 113*4
103
Roch.A Pitt.—1st, 69,1921 105% 107*%
Pac. Ext.—1st, 6s, 1921.
67*a 68
Mo.K.A T.—Gen’l,6s,1920
Consol., 1st, 6s, 1922....
83*9 63
5334I 55
Rlch.&Alleg.—lst,7s,1920
»1*3 99
General, 5s, 1920
102% 1023s Rich.* Danv.—Cons.,g.,6s
Cons. 7s, 1904-5-6
88%
*59
60
I 60
i
Debenture 6s, 1927
Cons. 2d, income, 1911..
Atl.<fe Ch.—lst,pf.,78, ’97 108
H. & Cent. Mo.—1st, ’90
75
Mobile* Ohio—New 6s..
Incomes, 1900
80
Scioto Val.—1st, cons., 7s.
Collater’l trust, 6s, 1892
<fe Iron M.L—1st, la 112
St.
L.
1st, Extension, 6s, 1927
104%
2d. la, 1897
Morgan’s La.& T.—1st, 6s
Arkansas Br’ch—1st, 7s 105%
1st, 7s, 1918
Cairo <fc Fulton—1st, la 105*a 106
Nash.Chat.* StL.—1st,7s
Cairo Ark. & T.—1st, 7s *102
2d, 6s, 1901
70% 71
Gen’l r*y <fe L gr„ 58.1&31
N. Y. Central-68,1887... 105*2'
104*4 105
St.L.Alton <ft T.H.—lst,7s *112
Deb. certs., ext’d 5s
106
N.Y. C.& H.—1st, cp., la 133% 133%
2d, pref., la, 1894
96
133
2d, income, 7s, 1894
1st, reg., 1903
*112
104
I043p
Bellev.<fc So. III.—1st, 8s
Deb. 5s, 1904
St.P.Minn.<fc Man.—lst,7s 109%
Hud.Riv.—7s,2d, s.f., ’85 1023s
111
132%
111%
2d, 6s, 1909
Harlem-1st, 7s, coup...
132
Dakota Ext.—6s, 1910.. 110% 111%
1st, 7s, reg., 1900
103% 104
N.Y. Elev’d—1st, 7s, 1906 118%
1st, consol.. 6s, 1933
1st. cons., 6s, reg., 1933.
N.Y.P.& 0.-Pr.l’n, 6s, ’95
35
36
108*
Min’s Un.—1st, 6s, 1922
N.Y.C.& N.—Gen., 6s, 1910
33*2 34
St P. & DuL—1st, 5s, 1931 102
Trust Co. receipts
So.
Car. R’y—1st, 6s, 1920 103
N.Y. &. N. Engl’d—1st, la
*80
*99% 100%
2d, 6s, 1931
1st, 68,1905
88% 89%' Sheuand’hV.—1st,7s, 1909
N.Y.C.&St.L.-lst,6s,1921
40
57
General, 6s, 1921
2d, 6s, 1923
60
60
36*2
N.Y.W.Sh.& Buff.—Cp.,5s
Tex.Cen.—1st, s.f.. 7s,1909
‘50
*33%
1st mort., 7s, 1911
Registered, 5s, 1931
15
16
53 *2 58
Tol. Del. <fc Burl.—Main.6s
N.Y.Snsq.&W.—1st. 6s..t
1st, Davt. Div., 6s, 1910
Debenture, 6s, 1897
74
Midland of N.J.—1st, 6s|
1st, Ter’l trust, 6s, 1910
Tex.<fc N. O.—1st, la, 1905
N.Y.N.H.&H.—1st. rg., 4s 107
*79% 80
Sabine Div.—Ist6s,1912
Nevada Central—1st, 6s.. I
55
N.Pac.—G.l.gr., lst,cp.,6s i'04% 104 *2 Va. Mid.—M. inc., 6s, 1927
Wab.St.L.&Pac.—Gen’l 6s *37%
Registered, 6s, 1921
60
76%
Chic. Div —5s, 1910
N.O. Pac.—1st,6s,g., 1920t
91
Hav. Div.—6s, 1910
Norf.&W.—Gen’l, 6s, 1931
77% 79
New River—1st, 69,1932
ToLP.AW.—1st, 78,1917
60
Iowa Div.—6s, 1921
Ohio& Miss.—Consol, s.fd.
120
Consolidated 7s, 1898...
Ind’polis Div.—Gs, 1921
55
114
Detroit Div.—6s, 1921..
2d consolidated 7s, 1911 110
Cairo Div.—5s, 1931
1st, Springfield Div., 7s 100%
80
57% 5 i
Wabash-Mort. 7s. 1909
Ohio Central—1st, 6s,1920
110
GO
Tol. & W.—1st, ext., 7s 107
1st, Term’l Tr., 6s, 1920 *52
99
1st, St. L. Div., 7s, ’89
1st, Min’l Div., 6s. 1921
94
95
89
2d. ext,, la, 1893
Ohio So.—1st, 6s,1921
Eqmpm’t bds, 7s, ’83. *30
Oreg’n& Cal.—1st,69,1921
80
66
68*
Consol, conv., la, 1907
Or.&Transc’l—6s,’82-1922
77
107%
GtWest’n—1st 7s, ’8o 107
Oregon Imp. Co.—1st, 6s.
94
96
2d, la, 1893
Oreg’n RR.& Nav.—1st,6s 108%
102
99
Q.&T0I.—1st, 7 s, 1890
Debentures, Is, 1884...
101
Han.it Naples—1st, 7s
Panama—S.f., sub.6s,1910
97%
Ill.<fe So.Ia.—1st,ex.,6s
Peoria Dec. & Ev.—1st, 6s
96 ~
St.L.K.C.AN.—R.o.,7s i*o*i%
Evans.Div.—1st,6s,1920
Omaha Div.—1st, 7s 101%
Peoria A Pek.U’n—1st, 63 101
,
82
88%
1866
PittC.A St.L.-lst,c.,7s
1st, reg., 7s
99
..
90
79
66*2
80
75
new,
6s, consol, bonds
6s, ex-matured coupon.
Ask.
108*4 109
9434 98
So. Pac. of Cal.
lst,6s
So. Pac.of Ariz’a—1st, 69
So.Pac.of N.Mex.-lst,68
Union Pacific—1st, 6s
Land grants, 7s, ’87-89
116
121
100
*
N.O.&Mob.-lst,63,1930*
2d, 6s, 1930
62
E. H. A N.—lsl, 6s, 1919 102
General, 6s, 1930
1 88 *2
Pensacola Div.—6s,1920 *
St. L. Div.—1st, 6s, 1921
96
2d, 3s, 1980
43*a
C.8t.P&M.—lst,6s, 1918
No. Wis.—1st. 6s, 1930.
Naahv. <fe Dec.—1st, 7s.
BtP.&S.C.—lst,6s,1919 i*17*% 1*2*6
107%' S.& N.Ala.—S.f.,68,1910
Chic.«fc E.IU.—lst,s.f.,cur. 105
Louisv. C.<ft L.—6s, 1931
Chic.8tL.& P.—lst.con.5s *75
Trust bonds, 6s, 1922...
Chic. <fc Atl.—1st, 6s, 1920
10-40 Abjuit. 6s, 1924
2d, 6s, 1923
100
L.Erie&
W.—1st.6s, 1919
Chlc.&W.Ind.—1st, s.f., 6s
100
103%
Sandusky Div.—6s, 1919
Gen’lmort., 6s, 1932
1
......
105
Lake Shore—Div. bonds 121
Consol., coup., 1st. 7s. *128
Consol., reg., 1st, 7s...
Consol., coup., 2d, 7s.. 115'
Consol., reg., 2d, 7s...
1*23
General consol., 6s, 1934
Chic.St.P.Min.*fe Oui.—
Consul. Oh, 1930
101
Pigeon—1st..
Det.M.&T.—1st,7s,1906 *121*2
Kal. & W.
i*02*‘ 1*03**
O.C.C.&Ind’s—lst,78,8.fd.
Consol. 7s, 1914
Consol, sink, fd., 7s,1914
75
..
Cleve. P. & Ash.—78—
Buff. & Erie—New bds
8s_.. 1*27%
*130
H6
LShore.~M.S.&N.I.,s.f.7s 102%
Cleve. & Tol.—Sink’g fd. *102%
New bonds, 7s, 1886.. 105^4
105
Sink, fund, 5s,
Peninsula—1st, con
Chic.dt Milw’kee—1
Win.&StP.—1st, It
2d, os, 1911
Int.&Gt.No.—1st, 6s, gold
127% 128
111%
*112
105
7s1
Indianap.D.&Spr.—1st,7s *
135% 138
102
102%
102
103
127% 128
Coupon, gold, 7s, 1902.
Regist’a, gold, 7s, 1902
Iowa Midland—1st,
Ced. F. & Minn.—1st,
Ind.Bl.&W.—lstpref.,7s H5
1st, 4-5-68, 1909
74*2
95
2d, 4-5-Gs, 1909
Eastern Div., 6s, 1921..
92%
*77
95%
102
1st, 7s, 1885
Sinking fund, 5s, 1929.
1929. rej
Sink’g fd. deb., 5s, 193;
25 years deb. 5s, 1909..
95
6s7
....
107
114
115*2
Long Dock b’nds, 7s, ’93
BuCN.Y.&E.—lst.1916 124%
,
.
93
50
82 *3
114
E.T. Va.&G.—lstYs,1900t
1st, cons., 5s, 1930
Divisional 5s, 19301—
Eliz.C.&N.—S.f.,deb.,c.,6a
1st, 6s, 1920
Eliz.Lex.& Big Sandy—6s
Erie—1st, extended, 7s...
2d, extended, 5s, 1919
3d, extended, 4*28, 1923
4th, extended, 5s, 1920.
5th, 7s, 1888
1st, cons., gold, 7s, 1920
1st, cons., Id. coup., 7s..
Reorg.. 1st lien, os, 1908
Chicago & Alton—1st, 7s. 118%
89
49
1
,
Bid.
SECURITIES.
Minn.& St.L.—lst,7s,1927
Iowa Ext.—1st, 78,1909
138*2
Virginia—6s, old
BONDS.
1st, 6s, 1884-1913
Mil. L.S.&W.—1 st, 6 s, 1921
Mich, div.—1st, 6s, 1921
104*2
1st,
45
45
Registered, 5s, 1931
lst.cons., guar.7s,1906 *124%
40
40
District of Columbia—
I
106% 109
...
52%
'
C’mp’mise,3-4-5-08,1912
6s, consol., 2d series
6s, deferred
2%
Coupon, 5s, 1931..
108
...
Den.So.Pk.cfe Pac.—1st, 7s
Den.& RioG.West—1st,6s
26
1918
currency,
Susq.—1st, 7s
j
!
J ack. Lan.&Sag.—6s, ’91. ’102
Milw. & No.—1st, 6s, 1910
117*4
117*4
2d, 7s, 1885
„
*74*
.
95%!
Coupon, 7s, 1894
Registered, 7s, 1894
*8*5
83%
109%
105%
6s, 1909
113
113
Del.* Hud. Canal—1st,
1st. ext., 7s, 1891
Alb. &
Buff. N.Y. & P.—Cons., 6sl
„
119
1st, Pa.Div., cp., 7s, 1917 133
1st, Pa. Div., reg., 1917. *132*2
C.Rap.I.F.&N.—1st, 6s *08
1st, 5s, 1921
General, 6s, 1924
'
Can. So.—1st, Int guar. 5s.
2d, 5s, 1913
Reg., 5s, 1913
1
Central Iowa—lst,7s, ’99t
East. Div.—1st, 6s, 1912
Ill. Div.—1st, 6s, 1912..
Char. Col. <fe Aug.—1st, 7s
Chesapeake <fc Ohio—
123% 124*4
Construction, 5s, 1923
7s
91*a
>>r>
138
124*2 125
7s of 1871,1901
1st, consol., guar., 7s..
N.Y. Lack.* W.—1st, 6s
105
104%
,
137
Hi*
2d, 7s, 1891
Ronds, 7s, 1900...
i*16
Ask.
5%
i
Do
Wil.C.&Ru.R.
Consol. 4s, 1910....
45
....
5
Special tax, all classes..
Bid.
SECURITIES.
18
bonds, J.&J., ’92-8
New
Bid.
SECURITIES.
1 Tennessee—Continued—
1
6s, new series, 1914
N. Carolina—Continued—
*69
RAILROAD
SECURITIES.
Ask.'
Bid.
SECURITIES.
107%
Asyl’m or Univ., due’92
Funding, 1894-95
Hannibal <fe St. Jo., ’86.
New York—6s, reg., 1887
21
22%
6s, loan, 1891
12
;
6s, loan^ 1892
6s. loan, 1893
3%
15
15
15
IS
4
Ask.
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
StL.&I.Mt.—lst,7s,pr.i.a.
St. L.A .& T. H.—Div. bds.
50
*32
30
62%
36
40
33*“
236
New York Local
Exchange...
Broadway
Butchers’ & Drov’s’
Central
Chase
Chatham
Chemical
Citizens’
Boston, Philadelphia and Baltimore.
7 Pine St.]
100
100
25
25
100
Bid.
Ask.
155
121
245
123
110
11213
180
100
145
2300
125
250
140
105
150
25
100
25
100
City
100
Commerce
100
Continental
Corn Exchange*.... 100
25
East River
25
Eleventh Ward*....
100
Fifth
100
Filth Avenue*
100
First
100
Fourth
30
Fulton
50
Gallatin
100
Garfield
75
German American*.
German Exchange* 100
100
Germania*
25
Greenwich*
100
'Hanover
100
Imp. & Traders’
50
Irving
Leather Manuf’rs’..
Manhattan*
Marine
Union
United States
Wall Street
West Side*
100
50
100
40
Clinton
Commercial
Continental
148
-
108
Exchange
Firemen’s
Firemen’s Trust
Franklin & Emp..
125
150
100
154
148
138
135
100
112
.
Germania
15*6'
250
129
150
143
.
100
50
50
Globe
25
Greenwich
100
Guardian
15
Hamilton
50
Hanover
100
Home
50
Howard
100
Irving
30
Jefferson
Kings C’nty (Bkn.). 20
40
Knickerbocker
Long Isl’d (B’klyn) 50
100
Mauufac. & Build.:
25
Mech. & Traders’ ..
Mechanics’ (Bklyn) 50
50
Mercantile
50
;...
Merchants’
Montauk (Bklyn.).. 50
50
Nassau (Bklyn.) ...
German-Ainerican
115
113
-
120
130*8
90
National
N. Y. Equitable
N. Y. Fire
40
23*3
120
150
140
100
Niagara
North River
P.acific
Park
Peter Cooper
107*3 112
97*3 105
110
130
147
142
People’s
Pheuix
Rutger’s
Standard
157
144
Star
Sterling.-^
10*6
Stuyvesant
106
116
95
112
125
100
100
100
100
...
ioe *3
U nited States
Westchester
122
Williamsburg City
Ask.
145
125
125
60
230
245
80
100
108
85
:205
1120
1105
'220
102
120
120
50
40
118
200
80
ioo*
40
75
65
100
100
145
37*3 80
145
I 35
70
100
1
120
50
! 25
105
25
165
100
100
20
140
100
50
130
50
| 25 110
95
! 60
100
40
50
100
25
100
123
25
50
Scrip
N. Y. &
67
108
130
123
60
60
125
210
90
105
50
100
Income
Pueblo* Ark.
112
50
195
63
105
107
150
90
155
80
125
110
175
108
150
110
135
120
100
55
57
120
130
12§
225
2,000,000 Var’s
25
20
Brooklyn Gas-Light...
Citizens’ Gas-L. (Bklyn)
1,200,000 Var’s
|
Consolidated Gas
Jersey City* Hoboken.
1,000
259,000
100
20
36,000,000
Mutual (N. Y.)
Bonds
Nassau (Bklyn.)
100
1 000
25
Bonds
1,000
Metropolitan—Bonds...
Scrip
People’s (Bklyn.)
Var’s
Bonds
Bonds
Williamsburg
Bonds
10
1,000
Var’s
Metropolitan (Bklyn.)..
Municipal— Bonds
Fulton Municipal
Bonds
*.
Equitable
Ronds
50
1,000
100
1,000
100
1,000
3,000,000
300,000
2,000,000
1,000,000
[Quotations by H. L. Grant,
100
.Broker St.& Fult.F.—Stk
1st mort
Br’dway & 7 th Av.—St’k.
1st mort
Brooklyn City—Stock
1st mort
Bklyn. Crosstown—Stock
1,000
100
1,000
10
1,000
100
1st mort. bonds
Buahw’kAv. (Bkln)—St’k
Central Crosstown—Stk.
1st mort
Cent.Pk.N.* E. Riv.—Stk
Consol, mort. bonds
1,000
Christ’ph’r&lOth St^-Stk
100
100
100
1,000
100
1,000
1,000
Bonds
100
DryDk.E.B.* Bat’y—Stk
500&C.
1st mort., consol
100
Scrip
100
100
100
Eighth Av.—Stock
Scrip
42d & Gr’nd St.F’ry-Stk
1st mort
1,000
100
600
100
Houst.W.St.&P.F’y—Stk
1st mort
Second Av.—Stock
3d mort
Consol
Sixth Av.—stock
1st mort
Third Av.—Stock
Bonds
Twenty-third St.—Stock.
1st mort
*
1,000
1,000
100
1,000
100
1,000
100
1,000
This column snows last
A. & O.
756,000 j. & J.
700,000 F.& A.
3,500,000 Qnar.
1,500,000 M.&N.
1,000,000 Var’s
700,000 M.&N.
1,000.000,J. * J.
400,000 M.&N.
130,000 J. & J.
1,000,000 Quar.
1,000,000 A. & O.
1,000,000
750,000 M.&N.
100
Val.—7s..
Gen., 7s, 1903
Debenture 6s, reg
Norfolk & West.—Gen.,6s
N. R. Div., 1st, 6s. 1932
J. & J.
A.
*6.
Street.)
Bid.
N’r 10, ’84 129
5
83
3
Jan. 1,’85
3*3 S’g F., ’99 107
181
7*3 Jan.i, ’85 135
110
1902
3
2*3 Jan.10,’85 122
110
1902
3
Jan. 1,’85 119
2
2*3 Nov. 1.’84 92
3
Dec.15,’84 79
3*3 Nov. l,’84 104
98
Oct. 1 ,’84
3
2*3 Jan.20,’85 132
106
1900
3
95
Jan. 1,’85
3
106
1888
3*3
Jan.15,’35 148
3
101
1900
6
95
i960
6
1103
Ask.
131
85
110
82*3
114
124
114
121
05
80
108
101
137
110
96
108
150
105
98
105
Broker, 145 Broadway.]
’85 24
900,000|J. & J.l 34 Jan.,
700,000!J. & J. 7 July,1900;ill
2,100,000 Q.-J. 2 Jan., ’851170
1,500,000 J. & D. 5 June,1904 1033*
’84|216
2,000,000 Q.—F. 3*3 Nov.
800,000 J. & J. 5 Jan., 1902 108
’84 160
4
Oct.,
200,000 A. * 0.
400,000 J. & J. 7 Jan., 1888 105
’84 162
Nov.
500,000 Q.-F. 2
’85 150
600,000 Q.—J. 1*3 Jan.,
Nov.,1922 110
250,000 M.&N. 6
’85 145
Jan.,
1,800,000 Q.-J. 2
Dec., 1902 121
1,200,000 J. &D. 7
’84 132
650,000 Q.—F. 1*3 Nov.
Oct., 1898 110
250,000 A. * 0. 7
1,200,000 Q.—F. 2 VNov. ’84 189
June
’93 114
900,000 J.& D. 7
Feb., 1914 101
1,200,000 F.& A. 6
1,000,000| Q.—J. 2*3 Jan., ’8.i 240
Feb., 1914 104
1,000,000! F & A. 6
’85 245
Jan.,
748,000 Q.-F. 4
Apr! ’93 112
236,000 A. &0. 7
’84 140
Nov.
250,000! Q.—F. 2
July, ’94 111
500,000-J. & J. 7
,
J. & J. 5
150,000 A. & O. 7
1,050,000 M.&N. 7
1,500,000 M.& S. 5
500,000 J. & J. 7
2,000,000 Q.—F. 6
2,000,000 J. * J. 7
600,000 F. & A. 4
1,862,000
250,000 VM.&N. 7
Jan..
’85 180
25
112*3
172
104*3
220
112
165
112
167
160
112*3
146
123
137
116
191
116*3
105
265
105*3
255
117
150
113*3
190
April, ’85 100*3 101*3
106
May, ’88 105
Nov.
’841160
_
July
’90 110
il5
Nov.
Jan.,
Feb.
’84|285
300
’90 111
’851185
May,
’93 110
113
190
113
dividend on stocks, but date of
No. Penn.- 2d,
119
N.
98
7s, cp. ’96.
’
•
^
92
94
94
Y'. Pliil.* Nor.—1st, 6s
Inc., 6s, 1933
,TT#
124*3
107*3
94*2
.<--
*7*5** *9*5*”
Louisiana* Mo.
Preferred
Maine Central
127
120
......
Conv. 7s,
Phil.Wil.*
Hough t’n & Onton.
--
82
107
120
119
108
maturity of bonds.
Rutland—Preferred
Summit Branch
Worcester & Nashua
Wisconsin Central
69
13;{h
76
81
40
29
18*3
39
20
Balt.—4s,tr.ct
Allegheny Valley
Ashtabula* Pittsburg..
Preferred
Bell’s Gap
Buffalo N.Y. & Phil
Preferred
Camden & Atlantic
Preferred
West
1st, 7s, 1899
Catawissa
1st
East
6s, P. B„ 1896
Gen., 7s, coup., 1901—
CANAL BONDS.
55
52*3 Ches. & Del.—1st,
Lehigh
120
Brook
43
40
Pennsylvania
Elmira &
17*a
53
preferred
2d preferred
Delaware & Bound
§3*3
2^8
Williamsport..
47
54
Preferred
Huntingd’n & Broad Top
Preferred
Lehigh Valley
8*3
59
Preferred
Little Schuylkill
Mineliill & Sch. Haven...
57*3
50*3
Nesquehouing Valley
Norfolk & West’n—Com.
23*4
Preferred
57
62
Northern Central
North Pennsylvania
524*
Pennsylvania
16
6s,1886
..
Lehigh Navigation
Pennsylvania
.
RAILROAD BONDS.
Allegli. Val.—7 3-10s, ’96
7s, E. ext., 1910..
Inc. 7s, end., coup., ’94
1st pref
2d pref
Ashtab. & Pittsb.—1st,6s
1st, 6s, reg., 1908
Belvid’e Del.—lst,6s,1902
2d, 6s, 1885
3d, 6s, 1887
Bell’s Gap—1st, 7s,
1893.
107*3
83 V
107
115
116
120V
'69*3
172
Balt.—lsts.
2ds
Columbia* Greenv.—lsts
No.Central—6s, ’85, J.&J.
6s, 1900, A. & O
$3
117
16
6s, gold. 1900,
5s, Series A
5s, Series B
J.&J....
Pittsh.&Con’ells.—7&J&J
Union
72V
180
118
3ds.
RR.—lst.gua.J&J
endorsed
Virginia & Tenn.—5s
86*4
51
14
112
89
103
108
106*3 107*3
82*3 33*a
98*4 99
58 «8 58 V
28*3 28 »4
963s
67*8
68
100*3
118*3
115*3
103
103*3
101*3 102*3
121
121*a
114
Canton
103 *3
109
100
Cons. 6s. 1921
Ex-dividend.
106
9
50
49
50
52*3
Pref
50
13*4
17
Western Maryland....50
RAILROAD BONDS.
111
Atlanta & Chari.—1st—
40*4
102*4
1st, 6s, 1905
Consol., 6s, 1913
Buff. N.Y.& Phil.—lst,6e
2d, 7s, 1908
100
115
118
122
113
Parkersburg Br
Central Ohio—Com
39
15
45
BALTIMORE.
2ds
Schuylkill Nav., pref...
75 V
Pennsylv.—6s, cp., 1910.. *83*
Schuylk. Nav.—1st,68,rg. ioe
79
2d, 6s, reg., 1907
Cin. Wash. &
.
West Jersey & Atlantic..
CANAL STOCKS.
99
106
Nav.—6s,reg.,’84.
Mart. RR., reg., 1897
Cons., 7s, reg., 1911
96
67
Philadelphia & Erie
107
Phila. Ger. & Norristown
Phila. Newtown & N.Y..
Inc
*8*4 83s
Phila. & Reading
Balt.&Ohio—6s„’85A.&0
Phila. Wilm. & Balt
Cen. Ohio.—6s, lst,M.*S.
Pittsh.Cin.A St. L.—Com.
194*3 Chari. Col. & Aug.—1st.
United N. J. Companies..
2d
Westchester—Cons. pref.
West Jersey
29
98*3
RAtLR’D STOCKS. Par
Atlanta & Charlotte....
Baltimore & Ohio
100
53
22V
121
6s,cp.,’96
Cons. 6s, 1909
W. Jersey* Atl.—1st, 6s, C.
Western Penn.—6s, coup.
»
40
Chester—Cons. 7s..
W. Jersey—1st,
27,
*
22
••••••
United N. J.—Cons.6s,’94
Cons. 6s, gold, 1901
Cons. 6s, gold, 1908
Gen., 4s, void, 1923—
Warren & F.—1st, 7s, ’96
PHILADELPHIA.
TT
*i
118*3
Syr.Gen.* Corn.—1st, 7s.
Tex. * Pac.—1st, 6s,1905
Consol., 6s, 1905
13*3 Union & Titusv.—1st, 7s.
RAILROAD STOCKS, t
76
85
26
13
70
Preferred
120
110
cp.off, Jan.,’85
Pitts. Cin. &St.L.—7s—
Pitts. Titus. & B.—7s,cp.
85
•
98V
110*3 111 *
Scrip, 1882
Conv., 7s, R. C., 1893..t
River..
122
105
123
127
Champlain
& Co., Brokers, 49 Wall
■a
124
136
124
55
124
ShamokinV. & Potts.—7s
Mexican Central
!
y e
Shen. Val.—1st. 7s, 1909
Nashua & Lowell..
16
1534
Gen’l 6s, 1921
N. Y. & New England ...
119
Income, 6s, 1923
Northern of N. Hampsh.
Income, 5s, 1914
Norwich* Worcester...,SloO
149*3 Sunbury & Erie—1st, 7s.
Old Colony
----6*2
Sunb. Haz. & W.—1st, 5s
Ogdensb. * L.
11434
2d, 68,1938
Portland Saco & Portsm.
18
<x>
GAS COMPANIES.
mmmmrnm
Leh.V.—lst,6s,C.*R.,’98
-75
*84
82*3
gld.,7s
-
Stocks and Bonds.
Date.
*
Cons. 5s, 1895.
Ithaca* Ath.—1st,
112
_
50
Period
**••••
ioo *3
Harrisb’g—1st. 6s, 1883..
U.&B.T.—1st, 7s, g., 1890
Pac.—7s
Metropolitan
Amount.
83^4
Ill
114
Wmsp’t-l st,68,1910
Oil City* Chic.—1st, 6s..
74 V 7434:
-j Oil Creek—1st, 6s, coup..
Atchison & Topeka
7V
7 e>;
Pennsylv.—Gen., 6s, reg.
Atlantic & Pacific
172
|
Gen., 6s, cp., 1910..—
Boston & Albany
‘109 !110
Cons., 6s, reg., 1905
Boston & Lowell
173
Cons., 6s, coup., 1905...
Boston & Maine
173
Cons., 5s, reg., 1919
Boston* Providence....
1112
& N. Y. C.—7s, 1896.
Pa,
Boston Revere B. & Lynn
§7 6 Hi! 77
! 7,1906
Cambridge
54
1
I Perkiomen—1 st, 6s,cp.’87
Cheshire, preferred
43
2
; ; Phil.&Erie—lst,7B,cp.’88
Chic. & West Michigan..
IVV
Cons., 6s, 1920
Cinn. Sandusky & Cleve.
Cons., 5s, 1920
Concord
165
'166
Phila.
Newt. & N.Y.—1st
Connecticut River
76
Phil.
& R— 1st, 6s, 1910..
Conn. * Passumpsic
2d, 7s, coup., 1893
Connotton Valley
-Cons., 7s, reg., 1911 —
Det. Lansing & No., pref.
48V 49
Cons., 7s, coup., 1911 -Eastern, Mass
2116
117
Cons., 6s, g., 1.R.C.1911
Fitchburg .... •--13
Imp., 6s, g., coup., 1897
Flint & Pere Marquette.
*80
82
Gen., 6s, g., coup., 1908
Preferred
*91
Gen., 7s, coup., 1908—
Fort Scott* Gulf
130
Income, 7s, coup., 1896
Preferred
-----75*4
Cons. 58,1st ser.,c.,1922
Iowa Falls & Sioux City.
261
Cons. 5s, 2d ser..c., 1933
Kan. C. Clin. & Springrd
65^4 65 7e
Conv. Adj. Scrip, ’85-88
Kan. C. Spriugf. * Mem.
32*3 33 J*
Debenture coup., 18934
Little Rock & Ft. Smith.
1834 19
99
Par.
108
110
5s, perpetual
|j
121
1*2*6**
2d, 7s, reg., 1910
iVd'i l! CousC.& R., 1923..
119 V119
VIN. O. Pac.—1st, 6s, 1920.
Preferred.
[Gas Quotations by Geo. H. Prentiss
120
.
,nu..
Rutland—6s, 1st
Sonora—7s
STOCKS.
Marq.
City Railroad
El. *
100
L.Ch.—Con.6s
6s
i'2*i*‘
Easton&Amh’y—58,1920
JlgH*
Colony—7s
Old
100
Gas and
86
8314
England—bs..
Ogdensb.*
135
98
151
40
N.
7ft
N. Mexico & So.
102*3 105
100
100
119
Co.—6s,’97.
Catawissa—1st, 7 s, con. c.
Chat. M., 10s, 1888
New 7s, reg. & coup
Connect’g 6s, cp., 1900-04
Cor.Cowan* Ant.,deb. 6s,
Delaware- 6s, rg.& cp.,V.
Del, & Bound Br.—1st, 7s
East PenD.—1 st, 7s, 1888
So,-6s.. ------ 108
B.—7s 8ll91>i|
1st; 104
107
i 108
Mem.—6s
.....
-
,
K. City Lawr. *
K. City St. Jo. &C.
Little R. & Ft. S.—7s,
K. City Su’d &
Mexican Central—7s
Income
260
120
210
--
East’rn, Mass.—6s, new..
Fort Scott & Gulf—7s....|
70
111
215
125
110
! 60
10
5s
109*3
Cons., 6 p. c
Cam. & Burl.
Nebraska,
Nebraska,
Nebraska, 4s
Conn. & Passnmpsic—'7s.
Connotton Valley—6s—!
,
104 *4
At!.—1st,7s,g.,’93
2d, 6s, 1904
117*4
6s.. Exempt; 117
6s.Non-ex’pt' 107
180
170
Ask
Cam. &
6s
-Boston & Lowell—7s
--6s
Boston & Providence—7s
Burl. & Mo.—Ld. gr.,7s.>
150
110
143
225
230
75
100.
75
30
103
50
75
17
30
10
105
100
Eagle
Empire City
425
50
100
100
Market
25
Mechanics’
25
Mechanics’* Trade
100
Mercantile
50
Mercnants'
50
Merchants’ Exch...
100
Metropolis*
100
Metropolitan
100
Murray Hill*
50
Nassau*
100
New York
100
Now York County.
N. Y. Nat. Exch.... 100
100
Ninth
70
North America*....
30
North River*
25
Oriental*
50
Pacific*
100
Park
25
People’s*
20
Phenlx
50
Produce*
100
Republic
Third
Tradesmen’s
70
City
Bid.
140
100
135
170
160
125
115
120
40
50
American
Amer. Exchange... 100
25
Bowery
25
Broadway
17
Brooklyn
20
Citizens’
Farragut
100
St. Nicholas*
Seventh Ward
Second
Shoe * Leather
State of New York*
COMPANIES.
Buff.N. Y.&P.—(Cont’d)—
t st, Tr. 6s, 1922
Buff.Pitts.* W.—Gen.,6s
Cam. & Amboy—6s, c.,’89
Mort., 6s, 1889
BOSTON.
Atch. & Topeka—1st, 7s.
Land grant, 7s
Boston & Maine—7s
Boston & Albany—7s —
PRICE.
Par.
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES. '
Stock List.
PRICE.
Marked thus (*) are Par.
not Nat Ion aL
▲mar.
Quotations lu
[Prices by E. S. Bailey,
List.
COMPANIES.
America*
[VOL. XL.
Securities.
Insurance
Bank Stock
THE CHRONICLE.
Per share.
.
gg
W.Md.—6 s, IsY, g.*, J. & J.
2d, guar., J.&J
2d, guar. byW.Co.,J.*J.
6s, 3d, guar., J. & J
Wilm. C, * Aug.—6s
Wil. *
125
126
105
110*3 1103^
Weiaon—Gold, 7s
i In default.
§ La9t price this week.
February
THE CHRONICLE.
21, 1885. J
RAILROAU
EARNINGS.
The latest railroad earnings and the totals from Jan. 1 to
latest date are given below.
Latest Earnings Reported.
Roads.
Ala.Gt.Southern January
Boat. H. T. & W.
Bur.Ced.R.&No.
Canadian Pacific
Central Iowa
Central Pacific..
.1
week
ending February 14, 1885:
Average Amount of—
Jan. 1 to Latest Late.
Chesap. & Ohio.
)!
Chicago & Alton
Chic.& East. Ill.
37,170
273.000
Chic. Mil. & St.P.
Chic. & Nortlrw.
228,600
82,200
18,65b
35,277
Ch.8t.P.Min.&0.
Chic. & W. Mich.
Cin.Ind.8t.L.&C.
Cln. N. O. & T. P. January
Cin.Wash.&Balt.
Clev.Akron&Col
Denver* Rio Gr.
Denv. & R. G. W. January
Des Mo. & Ft. D. 2d wk Fc
201,647
41,619
6,987
98,259
62,615
5,025
wk Feb.
7,83b
Dub.&SiouxCity
I4,f00
13,193
Evansv. & T. H.
Flint & P. Marn.
35.551
23.872
22,264
Flor.R’way & N.
Ft Worth & Den. January
Grand Trunk...
..
Gr.BayW.&St.P.
I
1
!
January
'
Jan!1
4th wk
4 th wk Jan!i
4th wk Jan
Kentucky Cent’l
2dwk Feb.
Louis v.& Nashv. 2d wk Feb
Mar.Hough.* O. 1st wk Fel
Mexican Cent... 2d wk Feb.
Mex.N., all lines January..
Mil. L.Sh.&West. 2d wk Feb.
Mobile & Ohio.. January...
Nash. Cb.&St.L. January...
N.O.* Northeast January
N. Y. Ont. &W.. Januar
,ry ..
Norfolk & West. 2d wk Feb.
Shenandoah V. 2d wk Feb.
Northern Pacific January...
Ohio Central.... 2d wk Feb.
Ohio* Miss
2d wk Jan.
Ohio Southern.. January...
Peoria Dec.&Ev 1st wk Feb
Richm’d* Daily 'January
Ch.Col.* Aug.! January
Columbia* Gr. January
..
..
Georgia Pac.. January,..
▼a. Midland.. January
West. No. Car. January
..
..
Roch. & Pittsb’g 2d wk Feb.
t.L.Alton&T.H.jlst wk Feb
..
1st wk Feb
1st wk Feb
2d wk Feb.
2d wk Feb.
January...
4th wk Jan
January
January...
..
Vicksb’rg & Mer. January
Vicksb.Sli.&Pac. January
Wab. St. L. & P. January
Wisconsin Cent’1 January
..
..
..
..
48.785
279.657
608.764
85.6 45
32,934
262.648
377,645
110.91S
!
1.647,00)
1,449.785
66,516
11,485
21,334
137,9S8 I
27,458 :
355,719
61,431
317.137
141.939
129,028
804,030
58,873
779,000
162,503
152,882
306,740 i 2,163,000
325,300 2,083,400
81,400'
416,900
26,147
92,600
280,689
30,072
182,800
201,6 47
27,560
197,273
6,271
2,078.437
2,163,718
432,009
131,574
231,661
182,809
173,211
38.773
585,591
62,615
80,432
.......
6,883
18,644
15,418
15,083
45,895
21,898
37.833
562,424
37,499
91,544
125,53 3
71,454
85,060
66,194
59,248
232,344
117,09 5
39,244
179.900
120,363
24,896
22,264
24,896
5,755
1,668,917
26,257
1,738.170
35,86 4
138,414
92,332
138,414
243,300
1,128,500
1,023.652
160,872
32,736
197,080
29,360
51,732
60,366
29,671
13,182
18,449
35,534
257,415
222.995
27,400
50,035
68,659
51.589
131,700
,
198,036
213,990
198,685
192,887
71,193
64,980
148,929
71,420
227,208
1,698,020
210,119
1,522,902
5,610
4,539
21,350
65,000,
456 030
54.719
43,287
132.592
18,560
179.228
186,992
35,738
128,330
121,369
128,330
186,992
35,738
121,369
55,300
19,827
54,482
28,573
345,713
319,544
556,092
614,103
21,732
87,551
36,973
11,734
266,989
128,323
14,965
207,640
184,98b
21,343
80,494
45,109
15,375
24.618
28 4,554
132,592
128,323
105,455
207,640
104,325
179.228
184.986
54,719
76,683
97,569
556,09 »,
120,927
614,103
127,741
155,832
156,176
45,109
79,646
36,973
65,376
80,494
76,466
266,889
65,376
56,646
72 343
56,646
46,052
60,528
106,004
34,911
46,052
107,115
117,576
14,930
9,584
17,504
31,918
13,611
7,483
103,208
146,361
79,136
60,220
66,141
453,427
462,303
15,356
466,125
13,738
449,307
466,125
114,400;
17.012
24.050
15,780
63,28l!
15,760
24,050:
98,970
449,307
69,882
15,760
85,069
75,283
42,280
43,323
12,483
29,901
1,309,564 1,251,083
85,069,
75.233
42,280!
43,323
29,901!
12,483
325,653
80,494
72,343
60,528
106,004
34,911
14,416
28,514
102.338
Latest Earnings
Roads.
39,210
$
88*313
333,897
32,074
Long Island
104.791
7,092
$
50,000
107,115
29,212
117.895
Reported.
325,653
123,556
72,049
42,799
29,212
42,388
1,309,564! 1,251,083
102,338!
117,^95
1884.
1883.
Merchants’
Mechanics’......
City
Tradesmen’s
Fulton
Chemical
Merchants’ Exch.
Gallatin National..
B ateliers’ & Drov..
Mechanics’ & Tr..
Q December. 2,060,357! 2,170,918
319,70S! 370,079
Danbury & Nor.:November.
E.Tenn.Va.&Ga.i December.
Gal.Har.* 8. An J No vember.
Hous.E.&W.Tex
L.Rk.&Ft.Smith
L.Rk.M.Riv.* T.
La. & Mo. River
October...
December.
December
December.
Memph. & Chari. December
22,7 IF
25,951
17,378;
13,527
374,945
376,803
299,159'
23.830!
76,512
51.822
50,100
182.343
39,185
Milwaukee & No:December.
Minn. * St.Louis!December.
171,644
N.Y. & New Eng December.
239,050
N. Y.L.Erfe* W .a, December. 1,262,720
N. Y. Pa. * O. December.
452,448!
N.Y.8usq.*West December.
87,686
Northern Centr’l j December.
442,269
278.761
26,11*5*368
3,457,653
3,996,240
197,937:
191,952
3,993,622; 4,144,275
1,034,210
1.003,664
409,152, 5,521,878
114,174!
6,089,131
90,700
Oregon & Cal... (November.
271.478 3,371,590! 4,069,007
22^,192
Oregon Imp. Co. December.
Pennsylvania... December. 3,769,328 3,840,510 48.566,911:51,083.244
December.
281,124
257,306 3,660,146 4,108,943
December. 2,315,563 2.297.643 26,563,071 30.300,199
December. 1.074,821 1,110,456 16,460,972 17,079,486
December.
131,929 1,727,683 1,673,430
138,095
November.
*14,069
23,289
254,467
258,836
December.
128,868 1,233,291
131,195
1,326,969
November.
106,975
126,614
8o.Pae.Cal.,N.D.
1,360,662 1,192,872
Do 8o. Div.c. November. 1273,884 1305,473 13,269.336 13,763,028
Do Arizona.c. November.
142,905
177,588 1,677,010 2.280,985
Fhila. & Erie
Phila.* Read’gb
Do
C. & Iron
Rome Wat.*Og.
Bt.Johnsb.*L.C.
Bouth Carolina
...
.
Do N. Mex.c. November.
59,357
59,426
737,577
639,066
Union Paciflo... December. 2,332,118 2,322,392 25,791,198 28,716,139
83,130
West Jersey.... December.
75,466 1,319,648 1,227,654
Not including earnings of New York Penn. * Ohio road.
5Not including Central New Jersey in either /ear prior to June
c Included in Central Pacific earnings above.
*
Decrease on account of snow blockade.
1 Does not include Colorado Division since October 1 in either year.
a
7.482.100 11.068,700
1.991.800
324.800
1.019,800 1.140.100
14.885.500 6.594.200
2,473,000
2,336,000
18,454,600
419.700
1.286.700
506.300
116.000
144.700
501.600
261,100
983.800
2.758.100
1.114.300
3.819.300
12,590,000
17,742,000
6.895.100
Republic
5.160.900
Chatham
3,448,000
1.595.200
2.950.700
Peoples’
...
Citizens’
Nassau
Market
St. Nicholas
Shoe* Leather..
Corn Exchange...
493,000
216.500
489.300
332,100
2.116.600
Importers’* Trad.
Park
North River
East River
Fourth National..
Central National..
Second National..
Ninth National...
First National....
Third National...
N. Y. Nat. Exch..
392.900
4.090,100
1,965,000
17.775.100
16.153.100
1.486.700
113.800
7.750.900
6,433,300
34,000
238.300
5.104.900
1,976,000
1,493,000
1,020,900
13,177,000
6,765,000
2,221,000
Bowery
2.838.700
192,890
528.200
Chase National...
3,030.300
1,157,600
Fifth Avenue
German Excli’nge.
2.517.300
1.744.500
1.901.500
3.436.200
1.459.500
1.945.600
Fifth National....
1.101.900
849.400
115,000
289.500
940.400
551.200
120,000
191.200
B’k of the
2.976.100
850.600
Germania
United States
Lincoln
Garfield
1,047,900
Metrop..
2.365.900
1.142.800
505,300
42,300
576,700
191,000
’*2*866
4.259.700
15,019,000
17,959,900
796,900
884.800
854,000
4.456.500
6.505.600
2.805.800
5.843.100
4,114,000
1.750.400
4*23,6*0*6
45,000
5,400
3.350.700
3*66*66*6
8.890.300
3,039,000
3.265.400
2.670.500
2.547.100
2,004,800
3,167,000
3.981.700
6.438.300
1.961.700
23.419,800
22,707,000
1,652,000
1,026,600
17,037,600
8,053,000
2,945,000
5.653.800
19,176,300
775,000
691.000
395.900
1,371.200
301.100
257.100
422*70*0
437*6*65
1*6*3*5*66
989*66*0
45,000
213*2*65
180,000
297,060
45,000
45,000
438.800
4.727.300
1.214.500
280,000
259.100
205.200
479.700
159.200
242.100
=395,600
N. Y. County
German- Americ’n.
292.500
1,230,790
1.504.300
186,000
232.500
2.415.300
1.469.900
4.233.200
1.335.400
342.300
17.317.100
4.242.100
1,092,200
1.903.600
2,951,200
3.709.700
1.837.900
1,002,000
972,800
35I,00o
120.700
655,000
230,000
528.300
407,000
337,000
4.690.200
668.900
510.500
486,000
2,700,000
4,917,000
75,3*66
1,779.000
1.618.700
20,075.900
104.600
388.600
3,058,000
2,526,500
489.800
466.700
154.300
504.800
462.900
135.200
244.300
423.500
577.400
412.400
3.143.700
•954,200
7,225,000
2.305.600
2.607.900
2.147.700
2.798.300
Irving
1,100
1,793,700
447.900
633.000
249,000
33 lj 3*0*6
130.300
180.300
515.500
196.900
121,000
155,000
5,229,000
6.508.200
612,000
1.634.000
337.300
1,908.000
977.800
161.400
450,000
17*6*200
2.109.800
2.380.700
2.678.300
4.409.400
379.200
463.000
225,000
180,000
*45,666
3.111.600
150.800
2.312.100
2.291.500
118.700
3.731.100
198.100
122.400
229.200
1.976.500
962,300
1.263.300
312.900
4,028,500
180,000
44,600
177,400
133,700
299,453,100 103296800 37,574,500 357.040.900 11.024.000
Total
The following are totals
1885.
Loans.
Specie.
$
$
for several weeks past:
L.
Tenders.!
Deposits.
1
$
Circulation Aqg. Clear'g%
$
$
$
Jan 24 294,317,000 99,909.300 40,141,200 351,749,900 11,275,000 469,540,258
31 293,746,700 101732000 40,224,800 352,343,300 11,285,300 421,422,791
Fob. 7 294,647,400 105398200 38,191,600 354,418,700 11,078,100 500,880,009
“
14 299,453,100 103296800 37.574,500 357.010,900 11,024,000 510,205,022
“
Boston Banks.—Following are the
Loans.
1885.
L. Tenders.
Specie.
$
$
8,515,200
7,830,500
7,345,600
7,138,100
Jan.24 146,818,000
“
31 146,067,800
Feb. 7 1 i 0,086,200
“
14 144,786,500
totals of the Boston banks:
Circulation Agg. CUar'gs
Deposits.
$
$
6,204.200 101,295,200
5,846,800 98,851,900
4,571,000 97.489.100
4,088,600 95.431.100
$
$
23,051,200
64,271,530
22,876,100
22,908,400
22,810,600
55,195,627
63,215,610
58,243,357
Philadelphia Banks.—The totals of the Philadelphia banks
follows:
Loans.
Lawful Moneu.
Circulation.) Agg. Clear'gs
Deposits.+
$
$
$
26,653,905
73,368,599
31
26,895,857
73,873,238
72,431,244
Feb.
7....
72,974,966
72.646,300
26,722,202
14
72,667,069
26,429,100
72,637,286
Including the item “due to other banks.”
Jan.
72,425,350
24
“
“
!
$
7.821,782 1 43.382,427
7,748,078
36,684.060
7,767,977 ! 43,167,190
7.750,194 ' 39,079,657
*
2,619,439; 3,276,880
37,428:
266,33
218,316
67,524
589,071!
557,939
56,229
368,271
416,582
54,100
681,082,
669,936
150,749: 1,43!),071 1,299,424
39,025
'478,063
510,031
145,918 1,828,830 1,622,875
215,422 3,246,972 3,627,257
1,462,925 16,541,810 20,491,901
530.357 5,619,860 6,861,857
73,832
225.500
6.532.900
2,653,000
*
jDecember. 1,282,739! 1,312,739 16,339,540 15,099,4-10
Atlautic & Pac. I December.
130,000!
Chic. Burl. &
849.000
1883.
Atoh. T.& S.Fe..
Clev.Col.C.* Ind | November.
Connotton Val.. December.
770.400
2.405,000
893,000
Continental
Oriental
$
1,178,000
498.000
1,200,400
1,663.000
290.700
10.531.100
Mercantile
Pacific
North America
Hanover.;
tion.
1.229.400
4,006,300
927.000
Broadway
$
3,129.000
3,777.000
1,965.800
3,156,000
Circula¬
other
than V. S.
Tenders.
12,968,000
10,536.000
8.150.300
8.944,000
4.464.600
11,336.000
3,008,200
4.742.300
1.587.900
Greenwich
Leather Manuf’rs.
Seventh Ward....
State of N. Y
Americ’n Excli’ge.
Commerce
1885.
$
.
Union
America
Phenix
Jan. 1 to Latest Date.
1834.
11,865,000
8,613,000
7.114.600
7,081,000
4.314.800
....
Net Deposits
Legal
Specie.
$
New York
Manhattan Co....
are as
Week or Mo
Loans and
Discounts.
1384.
262,375
4,797
92,332
14,303
Lake Erie & W..
Do
(brclis.)
t.L. Ft. 8. & W.
St.L.&San Fran.
Bt.Paul* Dul’tli
BtP.Min.*Man.
Tex.& St. Louis.
Tol. A. A. & N.M.
Ulah Central.
67,542
11,703
28,334
134,613
Det.Lans’gA No. 2d
1SS5.
$
S8.313
31,681
11,647,000 1,449,785
Eliz.Lex.&B.S.
Ches. O.&S.W..
Gnlf Col.&SanFe
HI.Cent. (Ill.)..
Do
(Iowa)
Ind. Bloom.* W.
K.C. Ft.8.* Gulf
Kan. C. Sp. & M.
$
101,791
6,988
55,938
92.000
1884.
24.064
)
...
_
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the
Banks.
1885.
28T
1.
Unlisted Securities.—Following are latest quotations for a
week
past:
Bid.
Securities.
Am. Bauk Note Co
Atlantic * Pac.—Stock....
West. Div., lstmort
Incomes
Cent. Div., 1st., new—
Incomes
Accumul. land grant
Bank.*
74*9
16
63
9
15
_
.
O -4
5
48
5
30
Chicago * Can. So.—IsN. 18
1
Chic. & Atlantic, ben.st’k
Commercial Tel.Co.—Pref 101
11
Continental Const.Imp.Co
Denv.* Rio Grande— cons 44
18
5u
7*4
Denv.* Rio Gr. W
Den. R. G. & W., 1st M.,
39
Guar, by D. * R. G
60
Edison Electric Light....
14
19
93
5
Debentures
Buff. N. Y. * Phila
Trust bonds, 6s
1st mort.,
2d mort
6s
Keely Motor
Louisv. & N.—AdJ. bonds
Mexican
National
13
0534
43)4
5
66
50
6
33
19
10
12
1st mort
22
11
Incomes...
—
Pensacola A Atlantic
8a1 j lstmort....
j lstmort
iPostal Telegraph— Stock.
j 1st
mort., 6s
postal TeLA Cable—Stock
'Southern Tel.—1st
St. Joseph A Western
St. Jo. A Pac., 1st mort.
2d mort
Kans. A Nob., 1st mort.
2d mort
State of Tenn.—Set’iu’t.os
Did.
| Ask.
32*3 !
43
3*3
73
10
15*4
2
1*3
65
10
1
'
4
75
11*3
1534
2*3
.....
73
20
71
1*4
20
2*3
16
12 b
95
37
91
37
3
24
5
14
85
Settlement, 6s
39 F; Texas A Pac.—Scrip 1884.
Old scrip
67*2
85
35*a
42*3
New scrip
90*3 Tex. A St. Louis—
45
M. A A. Div., 1st mort..
7
U. S. Electric Light
68 *a Vicksburg A Meridian...
38*9
Pref
278
Pref
Mut.Un.—St’ck trust ctfs
i
jPittsburg A Western
Bost.ll.T.A West.—St’k.
Georgia Pac.—stock
M. K. AT.—I ncome scrip..
N. Y. M. Un. Tel.—Stock.
N. V. W. Sb. A B.—Stock.
North. Pac.—Div. bonds..
North Riv. Cons.—100 p.c
Ohio Cent.—Riv. I)iv., 1st
7*8
73
16
—
Moroh.Tel.—1st M
Gen. mort
Boat. H. & E.—New stock
Securities.
Ask.
15
22
26
27**
75
1*3
4
4
1st mort
92*a
2d mort
Incomes
50
8
05
THE CHRONICLE,
23$
ABSTRACT FROM REPORTS OF
Deposits.
^3
Dte.
20,1884.
d
f Maine
N.Hampshire.
*9
Vermont
Boston
m
5 Mass., other
W Rhode
..
Island.
£ Connecticut...
2
$
10,360.000
6,105,000
8,053,000
50,950,000
45,677,540
20,540,050
26,056,820
167.742.370
f New York City
Albany
5 N. York, other
New Jersey...
Philadelphia..
a
Pittsburg
Penna., other.
m
t Total Div.No.2
( Delaware
Baltimore
®
1,626,486
11,418,270
13.649,124
4,021,096
6,840,700
41,192,538
44
46,250,000
22,582,580
7
266
70
33
23
224
1,800,000
1,400,000
35,004,160
9,085,597
12,103,350
18,058,000
10,150,000
32,084,840
3,738,069
9,353,303
3,434,376
9,938,413
155,450,3oO
607
15
17
27
5
1
24
21
•3 Maryland, otb.
Washington...
5
Dist. Col., oth.
E
Virginia
gg West Virginia.
3,240,956
17,607,263
5,124,242
47,897
112,731
2,550,779
49,828
2,104,012
i‘, 539
681,995
11,321,296
3,6o6,073
62,025,1 40
1,265,069
110,676
647,540
3,012,300
2,711,700
1,125.000
784,580
302,000
252,000
3,545,300
2.011.000
60,000
1,262,322
513,989
23,182,245
6,582,631
rt North Carolina
South Carolina
15
14
15
4
10
5
8
1
2,401,000
1,935,000
532,592
772,500
815,355
16,423
256,100
Jj Mississippi....
5 New Orleans..
5 Louisiana, oth.
B Texas
5 Arkansas
Louisville
....
Kentucky, oth.
Tennessee
k
Total Div.No.4
Cleveland
i Cincinnati....
3
Ohio, other
...
•0 Indiana
Chicago
a Illinois, other.
•
•
•
Milwaukee....
p Wisconsin,oth.
I Total Div.No.5
h
Minnesota
St. Louis
90.689.300
20,891,624
161,065,966
4, *09,328
10,105,000
11,260,000
3,250,000
3,065,000
3,995,000
4,755,000
2,203,126
1,724,811
14,890,838
16,114,437
5,288,797
5,376,076
7,155,903
8,932,508
310,843
484,859
198,645
91,366
343,616
443,046
2,791.091
145,910
3,370,857
60,649,650
if,018.285
84,624,778
370
38,570,000
14
75,000
1,500,000
2,030,000
3,649,289
3,040,000
4,202,531
240,000
2,174,592
464,263
648,594
438,424
6,929,596
25,000
228,310
463,792
73,807
90,429
881.338
2,842
907.500
20,000
Arizona
Colorado
Idaho
Montana....
New Mexico.
Utah
1.990,000
250,000
1,650,000
645,000
600,000
Wyoming....
525.000
K Total Div.No.8
Total for U. 8...
5,«10,00o
524.099.065 146.^67,119
STATEMENT
V.
i
£
1
Resources.
Loans
Bonds for circulation..
Other U. S. bonds
Stocks, bonds, &c
Due from banks
Beal estate
Gold Treasury cert’s...
Gold Clear. House ctfs.
Sliver coin
*
Mill's.
Mill's.
Mil's.
Mill's.
Legal tender notes
3-91
National bank notes....
1*98
212
129
Clearing House exch’s.
642
U. S. ctfs. of deposit
Due from U. S. Treas..
1*34
1-59
Other
1-90
53*93
S-oo
1-09
658
,,,,
•03
.....
923.09b
Pitsburg. Baltimore.
Mil's. Mil's.
-gf
£
899,965
1,021,881
4,370
93,250
13,490
406,257
414,413
121,404
250,384
540
20
•3
3
•i*.
£
%
£
s
6
•11
•16
•22
•34
•10
•47
•16
02
•03
•01
....
....
•06
•09
•10
•01
•04
•38
•04
•08
•05
•08
....
—
....
•02
....
*05
•07
•03
..
St.
|
1-92
•01
•70
•60
•54
•55
•26
•07
•33
•37
805
2-89
1-11
1*79
•25
*09
•12
•20
•09
7-08
*85
*47
•78
•27
•09
*12
*21
....
....
....
..
.
*15
•02
•01
■02
•01
•02
•01
•02
•52
*90
394
1-99
1*76
•29
•75
•3)
1*16
112
5 75
•07
•39
•40
•04
11
*04
•29
•2)
•04
*18
1 T5
•35
•10
1*08
255
•18
*07
•17
•10
•56
1-u
•
•
•
•
1-30
151
....
•03
....
....
•07
•47
•35
•30
•04
•10
•14
•07
•95
•41
•30
*18
*22
*25
1 94 47 44349 13-73 114 45 4512 42-30
•81
•30
•69
,
.
Undivided profits
Circulation...
Due to depositors
Due to banks
Other liabilities
Tota’s
5095
4625
1-80
11-42
2258
1211
11-93
1-40
336
‘23-30
7095 22765
34-01 122-09
*48
•25
194 47 443-49
•38
1-31
565
317
•12
....
....
*43
i
.
..
....
•01
...
....
....
•00
•01
•53
*02
•12
•00
•04
04
•03
-13
•17
•10
•01
•15
•01
....
4-96 1831 13-80 34 09 18 25 70-41 14-45
7-15 14-82
64,134
1,316,271
....
Resrve Cites.
Total
Millions.
55557
81-44
12-31
26-70
87-54
20-80
2S-02
48-00
2223
235
3-S9
4642
7-93
74-01
18*47
4-70
12-18
Total
Other Cites.
J
s
Millions.
MUlions.
678-63 1.234*20
31759
23615
29*05
7 3'45
20895
4989
1674
46 75
12141
29-09
25 92
1-90
5394
50 56
2223
7’98
5-63
1-14
5'03
29-«5
14-90
7 6'37
22-83
75*20
1904
15*45
35*39
l-19j
•57
10-09
23-21
342 1,05328 1,24387 2,29715
J
Liabilities.
♦Capital stock
Surplus fund
....
•15
5 34
5-81
S.
MU's.
•42
*31
i
855
•73
•23
cisco.
Louis. Fran¬
<3
3-08
259
4-10
64,441
239,845
80,195
21,391
7.985,487 5,030,770 95,409,55 5
Mil's. Mil's.
•92
"84
•
Detroi.
207
•12
.
§
•55
•40
•
Q
*23
*31
39,119
TOTALS*
O
•44*
1-30
8*4 6*. 2*7*5,
290
140
360
57,210
•83
•40
”4,206
1,589,647
7-92
•38
42,443
13,440
&
7,060
3,720
146,617
7-70 17-47 1128 3994
•56
*93
6-08
3-03
•79
2,930
8,450
Mil’s. MU's. Mil's. Mil’s. MU's. MU's. MU's.
357
763
2,770
21,884
9,957
102,434
1
|
1-41
1-81
•
Clevand.
w
360
26,168
9,337
5,897
•00
•14
2,369
1
is
579,328
307,992
5,180.309
110
320
61,301
2,426
•
404,858
743,085
17,700
5,540
52,720
RESERVE CITIES,
<3
"
1,223,150
8,470
18,000
34,600
”3,930
323
4*90
11,395
18,928
54,055
73,320
86,779
59,835
.3
6,277,074
1,652,101
4,570
605,476
35,701
OF THE
1,836,091
594,283
873,103518,972
442,669
157,270 17,788,079
78,140
1,362,923
987,649,055 14,405,773 1,234.202,220 76,170.911 50,559.910
NATIONAL BANKS
2,4 87,770
10,030
26,150
12,700
37,650
16,660
7,490
10,000
1,690
130,350
134,624
*•52
*23
*75
67,044
1,137,000
165,404
6,695,530
1,278,031
1,322,922
l,593,36i
16,485,380
1,968,956
34,900
60,801
46,149
302,098
262,666
151,412
229,533
21,691
191,038
14,340
1,070
13.970
•14
*17
1733
•26
202,074
207,596
85,13r
128,191
295,550
421,422
493,426
5,040.246
674,102 1,398,440
484,470
11,929,03& 2,070,217
336,842
5,124,069
3,125
1,339,867
15,650
110,010
71,600
122,546
90,000
1,950
269.413
*91
•48
5,653
20,196
29.640
200
280
•81
9-29
7,260
189,460
50,380
1,500
J,4li
•01
44-19
751,183
10,273
142,177
10,500
55,180
17,986
16,278
101,357
•18
9-87
3-01
354
2-87
684,590
561.405
•26
2-77
1-99
43,522
213,010
•07
11-79
85.890
16,500
4,107,846
•20
•32
14*9,910
12,803
32,569
•35
2-70
2-2S
19-83
21,682
7,230
520
1-04
•45
4 33
'4,750
116,593
223
•31
98,259
684,146
•73
•10
1-52
15,680
12,659,009
361,244
202,7h0
327,688
490,474
443,075
77,74.5
236,323
32,172
30,172
455,240
38,240
640
50,970
31,440
207,100
61,270
2,100
1,098,375
10,970
*
7,930
95,220
6,846,266
8,548,316
455,240
305,250
318,920
50,400
851,741
265,740
5,250,984
47,300
6,500
61,364
*
698,882
1,217,696
188,253
3,270,680
56,797
118,000
59,640
16,200
3,240
9-67
532
1369
22-28
•23
1,960,468
1,373,308
7,075,263
1,700,786
830
782,051
276,448
332,030
2-10
7-13
693,470
10,000
1,646,491
854,74;?
1,233,420
472,068
736,127
9,096,421
204,478,077 16,107.410
60’41 25-72 24-81
7-08 621
9-43
117-39 210-39
14 18
26-01
1-25
23-20
Silver certificates
THE
Albany. Phila¬ delphia.
a;
Totals por Reserve
Cities, &c.
OF
-
266,000
1.708.042
18,229,173
1,684,480
8.518
100,912
33,655
472,489
249,040
1,430,297
1,507,460
80,000
77,983
14.8U0
1,921,823
5,875,700
2,028,209
1,864,266
458,867
4,622,745
243.750
10,100
157,980
40,000
12, (00
5,310
138,049
144,510
8,357,232
165,888
.
4,159,901
20,980
25,350
374,010 9,761,475
45,030 1,988,760
92,531
94,430 2,747,575
1,128,262
1.836.320
52,105,137
3,655,036
945,968
5.617,194
2,001,997
1,139,626
9,842,834
264.500
.
711,419
282,514
660,538
1,100
351,713
29,122,460
7,922,684
20,765,052
3,074,556
20,192,579
24,459.164
8,548,587
8,686,086
746,333 1,276,470 31,210,272
536,368
50
33,439
81,750
16,920
336,497
419,020
17,469,747
86,647
1,011,558 1.325,550
73,506
223,200
870,000
466,429
5,247,020
1,643,72:*
505,529
808,542
163,115
1,888^613
2,213,185
11,284,268
41,005,521
24,792,943
39,944,425
254,948 1,286,910
29,550
294,515
2,300
95,934
1,280
202,701
720
468,080
360,790
3,784
517,385
445,522
695,251
66,967
757,643
469,465
34,019
115,837
184,689
103,650
46,960
15,720
21,000
32,670
69,110
222,409
32,222,829
845,518
604,860
150,000
j.
Totals
352,573
994,441
11,319,355
8,225,300
29,825,169
18,908,009
2,590
95
7,753,348
14,871,270
1L.080,448
72,676,641
325,754
315,941
2,200
48.493
2,872,070
93,930
157,518
3,293
62,290
131,977
11,651,515
612
705,000
4,546,233
116,537
70,687
795,007
57,890
317,414
169,699
9,666,389
340,000
874,489
2.140,000
resources...
9,514,185
82,305
8,285,515
1,057,051
2,870,826
8,245,429
8,462,532
53,508.322
53,713
1,500
12,790
127,530
3,136,030
$
180,747
$
8,650
313,819
188,026
105,423
Leg.tend*r§
dk u. S. ctfs.
certific'tes of deposit.
Ti'eamry
$
61,254
$9.840
112,798
•
8,407
161,135
593,887
650,000
3.780,000
1,066,107
9,172,574
5,295,000
i
92,399
453,696
2.872,067
3
47
1,849,084
1 TotalDiv.No.7
a
3,417,181
4,580,275
97
5
148,274
791,601
Washington T.
1
4,612,147
24,604,292
7,210,240
15,989,288
3,987,003
8,774,481
1,712,711
710,000
960,000
t
18 1,051
219,843
95,966
1,119,500
f Nevada
Ban Francisco.
m,
3,»83,6u3
3,682.569
3,679,967
514,003
2,591,010
639,267
8,600,000
5.664.100
22,014,000
13,299,500
10,550,000
13,484,600
2,650,000
9.997.100
Dakota...
Oregon
2.543,488
41,781,721
12
8
183
93
12
152
| Nebraska
Kansas..
California,oth.
47
37,349.800
....
Total Div.No.6
6,000
275.366
574,756
237
{2 Missouri, otli’r
t
1,195,000
5,991,625
10,140,338
10.824
3,918,073
24.808,695
4
9
58
33
f Iowa
*
63,304,343
100,000
6,142,100
405,000
3,551,500
9,458,900
5,035,300
61
Detroit
Michig’n,other
195,013
2,422,078
1,823,995
1,735,000
425,000
3,525,000
1,000,397
7,317,504
476,747,334
11,713,200
2,436,000
200,000
78,072
634,685
74,592,081
28,720,619
40,480,025
308,537,428
Silver
Silver.
210,385,727 26,622,277 44,193,870
169,140
479,695
7,132,627
698,150
84,276,8*6 2,531.014
194,920
776,110
29,107.234
234,850
60,443,483 6,786,065
100,640
25,720,805 1,811,389
146,980
66.378,98--' 2,818,055
483,445.744 41,824,605 45,738,550
653,427
226,990,956
5,571,416
569,319
178,551
188,488
3,542,490
1,503,577
334,682
59,532,338
110
Florida
fl Alabama
1,282,566
$
17,377,324
8,353,302
11,397,744
117,388,983
82,898,876
30,641,180
20,660,440
56,907,479
I TotalDiv.No.3
Georgia
165,924,055
Gold
Qold and
gold C.H. Ti'easury
certificates. certificates
$
.
8,907,148
4,682,833
4,821,597
70,812,462
44.713,970
11,422,794
THE COMPTROLLER DEC. 20, 1884.
229,424
253,233
378,224
13^
....
20,563,251
$
130,092
329,539
43,988
135,653
229,280
105,520
298,494
$
$
2,443,545
1,193,317
overdrafts.)
Othei'.
Individual.
71
48
50
54
195
63
88
Loans dk dis¬
counts. (IncVg
Surplus.
Capital.
I Total Div.No. 1
•
THE NATIONAL BANKS MADE TO
1S-06 10 15 11 71
935
343
3-01
•98
1-61
1-75
6'30
8-31
5-28
63-53 2091 1772
3-06 2-92
13-39
•06
*29
•05
11445 45*12 42*30
*23
•48
*13
•30
•10
524-09
*68
•49
*95
1*84 21-90
2-6S
1-03
5-49
3-37
•15
22011
39*76
259*87
2'82
10-36
13-18
342 1,05328 1.243-87
>.297*15
•22
*75
•44
•02
1-98
2-73
•49
2-60
9-51
1*34
•42
•85
*55
•74
•57
•34
4-45
•13
3-04
1-88
•02
•24
344*10
86-86
•72
*71
18
1-50
70S
1-12
...
3-20
•75
•79
5-46
3-67 12-19
2-33 555
'G5
S’74 32-29
3*52
1-20
3-55
•30
in
2-65
179-99
6001
25 45
7092
4939S
S-oo
5-00 10 55
*37
....
....
1*90 18-31 13-86 31-09 1825 70 41 1445
....
•31
715 LI 4-82
....
4520
14687
70*71
209 45
28037
508-08 1,00206
February 21, 1885.]
THE CHRONICLE
^nurjestmcwt
Disbursements
Rentals l’s’d lines,&c*
-Interest on debt
Dividends
Rate of dividend
AND
ait*urad
—
^ntjellifljetijcc.
The Investors* Supplement contains a
complete exhibit of the
Funded Debt ofStates and Cities and of the Stocks and Bonds
233
1881.
1882.
$
472,093
1853.
$
477,256
880,875
444,272
$
$
557,313
461;76-1
895.730
350,517
881,180
935,014
520.000
8
520,000
41,130
46,511
1,956,673
1,999,623
285,147
503,745
Includes rent of roads and interest on equipment.
1,963,28$
6
7
Miscellaneous
Balt. & Potomac int.
54,218
37,177
Tot. disbursements
1,809,935
107,519
of Railroads and other Companies. It is published on the
last Saturday of every other month—viz.,
February, April,
June, August* October and December, and is furnished with¬
out extra charge to all
regular subs bribers of the Chronicle.
Balance, surplus...
*
1884.
154,270
8
354,025
Lehigli Coal and Navigation Co.
(For the year ending December 31, 1884.)
Extra copies are sold to subscribers of the Chronicle at 50
The earnings of the Lehigh &
Susquehanna Railroad show
cents each. and to others than subscribers at
this
year a decrease of $638,656, due almost entirely to the>
$1 per copy.
falling off in coal tonnage and in coal freight rates.
ANNUAL
The net
REPORTS.
year
ending Dec. 31, 1884.)
The annual report states that the
tonnage of both classes of
coal amounted to 3,756,693
as
tons,
against 3,526,033 for the
preceding year, being an increase of 230,660 tons in the actua
aggregate of coal transported, irrespective of the number of
divisions over which it was moved. The amount of
grain
carried over the lines shows a decrease as
compared with the
preceding year. There were carried to Baltimore in 18&:
10,040,547 bushels of grain; in 1883, 13,602,318 bushels;
decrease of 3,561,771 bushels.
The passenger business for the
year shows an increased
movement, there being a gain in mileage, but the revenue
received therefrom improved only $457.
There was a nei;
profit per passenger per mile of 3 88-100 mills, as comparec
with a profit in 1883 of 3 35-100 mills.
It will be noted from the income account that the
gross
earnings of the line
were
from all
decreased 9 30-100 per cent, and
that the expenses were decreased 9 48-100
per cent,
decrease in net earnings of $203,042. In the
sources were
$2,048,550, being
loss almost wholly due to the
which was $177,528.
Every
other department of the business shows
gains except the coal,
which yielded $16,252 less than in 1883,
notwithstanding the
year—a
decrease in railroad revenue,
Northern Central.
(For the
revenues
$145,938 less than last
decrease in the cost of mining.
The disbursements for rentals, interest, taxes and
general
expenses decreased $90,266. From the balance remaining after
deducting these charges from the total revenue, $156,743 was.
appropriated for the depreciation on coal improvements and
for the coal
sinking fund of ten cents per ton ; $718,228 was
paid in dividends, and the remainder, $14,000, was placed to
the credit of the dividend fund.
The first mortgage loan of $5,381,840 matured
April 1, 1884.
Holders of $5,000,000 of this loan accepted the
privilege of
ex¬
tension to July 1, 1914, with interest at the reduced rate of
four and one-half per cent, and the holders of the
remainder,
paid at the maturity of the loan.
For the purpose of raising funds to
pay off floating debt, to
make the settlement with
Nesquehoning Valley, &c., a gen¬
eral- mortgage was authorized in 1884.
Of this, President
$381,840,
were
making a Harris remarks:
“In 1871 the managers had decided to limit the bonded
operating expen¬
ses, there are included expenditures amounting to $276,187 on indebtedness of the company to $15,000,000, and the consoli¬
account of additional facilities, such as
tracks, sidings, &c., dated mortgage loan was fixed at that amount, including all'
at Baltimore, Canton, and various
points upon the line. The prior liens. When, in 1873, the company’s lands in Wyoming
condition of the road bed and equipment
has been fully main Valley, which were a part of the security for that loan, were
tained.
sold, the amount of the loan was decreased by $2,064,000, and
“On the 1st of June l ast 300
hopper gondola cars and 400 long the limit of the company’s bonded indebtedness was thus re¬
gondola cars, costing $290,000, were placed upon your line, duced to $12,936,000. Since that time there has been expended
under the usual car trust
on new railroads and for double-tracking the main line of
arrangement.
* * *
rail¬
On the 1st of July, 1884, your
company purchased the road, $2,322,787, coal lands to the extent of 1,430 acres have
entire capital stock of the Sodus
Bay & Southern Railroad been purchased, at a cost of $1,144,000, not including the pur¬
Company, amounting to $500,000, at a cost of $100,000 in cash. chases of the last three years, and $290,774 has been expended
In addition thereto it
paid to the owner of said stock $25,000,
receiving therefor his individual obligation to pay off and dis
charge all debts and incumbrances of every kind that might
id by
exist against the said road in excess of the first
general
and
mortgage,
deducting
the
incumbrances
remaining'
mortgage
bonds, amounting to $500,000, bearing five per cent interest, on the 1,430 acres above mentioned, there has been spent on
and maturing July 1, 1924. It was further
stipulated in the the property in the last twelve years $3,114,561, during which
contract of purchase that the road should be
put in a condi¬ period the income increased from $1,412,000 to $2,010,000. ’
tion equal to the Elmira &
These conditions seemed an ample justification for replace
Canandaigua Division of your line,
at a cost estimated at about
$150,000. A considerable portion ing the limit of the bonded debt at the original amount of f 15,of this expenditure has
already been made, and the sum so 000,000, which was done ; a general mortgage was executed,
expended, together with that necessary to meet the interest and $1,000,000 bonds, bearing interest at the rate of 4*^ per
maturing January 1st on the bonds referred to, making an cent, were issued and sold. This furnished means to buy up
aggregate of $81,492, has been charged to your profit and loss the unextended portions of the 1884 loan, and of the Nesque¬
account.
This road is 34 miles long,
extending from Stanley, honing Valley Railroad Company’s stock, to pay off the last
a point on
your Elmira & Canandaigua Division, 12 miles south instalment of the Delaware Division scrip, amounting to $113*of Canandaigua, to Sodus Point on Great
Sodus Bay, and thus 639, and to reduce the floating debt about $216,000.
It was a
most fortunate circumstance that all the negotiations neces¬
providing an outlet on Lake Ontario.”
The comparative statistics for four
sary to place our indebtedness on so favorable a footing were
years have been com¬
piled for the Chronicle as follows:
completed before the occurrence of the financial disasters of
last year.
We shall have no more loans maturing for several
ROAD AND EQUIPMENT.
years,
the
first
one being the Greenwood mortgage in 1892.”
1881.
1882.
1883.
1884.
A majority of the stock of the Alliance Coal
Miles owned
146
146
148
Mining Com148
Miles leased & eont’d
176
176
175
175
P any has been purchased.
The report says : “This was done
Isargely by the exchange of our stock for theirs, $650,400 of
Total operated...
322
322
323
323
Lehigh Navigation stock being given for $975,600 of Alliance
Uses also 40 miles of Philadelphia & Erie road.
stock.
By this purchase we became possessed of about sixtytwo per cent of the total share capital of the Alliance Coal
OPERATIONS AND FISCAL RESULTS.
Mining Company, which owns an unincumbered estate of
Operations—
1881.
1882.
1883.
1884.
4,097
acres in the same valley in which lie our Lehigh lands.
Passengers carried.. 2,430,162
2,590,582
2,848,547
3,131.747
Passenger mileage... 34,370,948 36,727,734 38,003,861 39,009,765 The property, estimating our stock at its par value, cost us at
Hate $ pass. $ mile..
2-352 els.
2-412 cts.
2-453 cts.
2-391 cts.
the rate of $275 per acre for the lands, exclusive of
Freigtit (tons) moved 10,527,706 11,057,355 11^94,730
improve¬
10,774,129
Freight (tons) mil’ge.506.180,310 502,363,778 521,889,324 506,975,576 ments, which is a little more than we paid for our Kentucky
Av. rate $ ton
Bank lands in 1882. The Alliance lands produced in 1884
mile
^0-869 cts.
0-897 cts.
0 910 cts.
O 825 cts.
Earnings—
#
118,423 tons of coal, and have now a productive capacity of
$
$
$
Passenger
808,554
932,390
885,789
932,848 about 20,000 tons per month.”
* * *
Freight.....
,-.
4,396,187
4,507,098
4,749,929
4,181,441
Our relations with the Philadelphia & Reading RailroadMail, exp. A miscel
238,959
407,288
405,811
407,587
Company, operating our railroads by virtue of the agreement
Tot. gross earn’gs..
5,443,700
5,800,175
6,088,130
5,521,876 of May 29, 1883, have been entirely satisfactory. The pay¬
Operating expensesments of rental have always been promptly
$
$
made, and every
Maint’nce of way,&o.
718,532
785,446
826,014
706,319
has
been
shown
disposition
by
the
to
Motive power
lessee
carry out those *
1,018,088
1,135,225
1,116,401
1,011,434
jortions of the agreement which require them to
Maintenance of cars.
777,270
472,060
632,861
develop the
369,566
“
“
.
•
*
“
..
Transports exp’ns..
Miscellaneous
Total
Net earnings
1,183,150
60,405
1,218.797
69,994
1,354,063
63,067
3,787,446
3,842,3*3
1,957,852
3,531,605
2,256,525
3,468,394
2,053,482
1883.
1884.
1,656,254
1,322,456
58,619
INCOME ACCOUNT.
1851.
Receipts—
Net earnings
Interest & divid’ds..
Other receipts
Total Income
$
1,656,254
151,570
109,630
1,917,454
1882.
$
203,156
80,812
$
2,256,525
241,914
4,929
2,053,482
2,241,820
2,503,368
2,317,311
1,957,852
$
256,362
7467
business of
our
railroads.”
Comparative statistics for three
years are as follows:
1882.
1883.
1884.
From railroads and Nesque. Tunnel. $1,445,190 $1,614,695$!,458,200
Lehigh Canal.
55,699
65,552
77,444
Water Powers Leliigh Canal.
21.065
20,881
20,525k
Delaware Division Canal.
47,586
57,745
58,951
Net profit on Lehigh Coal
386,354
370,101
325,666
mined by lessees
Royalty on coal mn
7,209
3,642
4,441
Revenue from rents
31,973
33,463
36,531
Miscellaneous receipts
4,824
12,157
22,353
Receipts-
'
...
..
Total receipts
$1,939,212 $2,194,489 $2,048,551
4
Si
THE
240
Dislmrsemen is—
General and legal expenses
Rent and taxes Nesquehonlng Val.RR
Rent and taxes Delaware Div. Canal.
Taxes
Interest account
disbursements
Balance of earniDgs
Total
Less sink’g f’d of
Less deprec’n on
1883.
1881.
$65,064
$58,460
97,050
102,356
74,648
942,973
81,438
71,916
934,377
97,050
69,921
80,078
854,069
$1,279,919 $1,249,345
$659,293 $944,644
$1,159,578
$70,612
78,56S
$92,082
97,157
$80,717
$149,180
$510,113
471,445
$189,239
$755,405
$156,743
$732,230
10 p. c. p. ton on coal.
coal, impr’v’m’ts, Ac.
Total
Surplus for year
Balance to credit of div’d fund Jan. 1.
Total...
Dividends
Rate of dividend
Balance to credit
1882.
$62,892
97,050
665,931
$981,558 $1,290,862
$1,398,164
624,928
4^2
4
$535,457
of did’d fund Dec. 31
76,026
$665,934
718.228
6
$679,936
receipts of the company's railroads, and the total
the Lehigh & Susquehanna RR. and the Lehigh"
Canal, during 1884, as compared with 1883 and 1882, were as
The gross
tonnage on
follows:
1883.
lpg2
1884
$224,777 $211,667
646,887
682,565
685.555
Passengers and mails
$183,695
Coal:
3,464,480 3,868,443 3,239,907
Freight and express
Gross
Lehigh Coal&Nav. Co.’s proportion.
Balance to make up rental
1885.
1884.
$423,764
339.058
$274,645
101,915
$84,705
def.$ 127,270
Central Iowa.—The Boston Herald says :
“ The steel super¬
bridge across
cost $290,000, paya¬
$5, guaranteed by
by rental and
sinking fund. There ha3 already been expended upon the ap¬
proaches to the bridge $80,000. The limit of the*bridge bonds
is $600,000, but the issue will probably nof exceed $500,000.
The stock in the bridge company goes to the Central Iowa Rail¬
way Company.
Under the terms of the charter granted by
Congress in May, 1882, any railroad company has the right to
structure and abutments for the Central Iowa
the Mississippi River at Keithsburg are to
ble in cash, or G per cent bridge bonds at
the Central Iowa Railroad Company, and secured
connect with the bridge.”
In Boston, February 18, the following quotations
for the preferred stocks of this company,
:
22 bid; 2d pref., 12 bid, which are
bids recently quoted in the Chronicle
sales or “ asked ” prices. On February 20 one
of the common stock sold in New York at 10.
-
$1,431,687 $1,591,928 $1,414,400
4,665,851 5,152,218 4,822.391
Coal tonnage
;
Net result
$1,431,687 $1,591,928 $1,379,043
35,357
{
earnings
Working expenses
$4,295,062 $4,775,785 $4,137,129
Total
of earnings and expenses for
1885 and 1884:
Canadian Pacific.—Statement
the month of January,
$838,973
535,457
446.101
rvoL. xl,
CHRONICLE
Schuylkill Navigation Company.
were made
viz. 1st pref.,
much better quotations than
in the absence of any
lot of 100 shares
Cincinnati New Orleans & Texas Pacific. — At Cincin¬
nati, O., Feb. 16, at the annual meeting of the stockholders of
the Cincinnati New Orleans & Texas Pacific Railway Co.,
the following were elected directois : Frank S. Bond, Thomas
T. Gaff, W. A. Goodman, Alexander McDonald, Isaac P.
Martin, Otto Plock, Charles Schiff, Briggs Swift and Augustus
Wessel. Owing to the failure of the city to provide proper
terminal facilities in Cincinnati, the following resolution was
adopted :
December 31, 1884.)
Resolved, That the board of directors0 be authorized and
The managers have presented the following report of the
requested forthwith, if they deem best, to terminate the lease
affairs of the company:
(For the year ending
The balance to the
credit of the general income
account Jan.
1,1884, was
Income, for the year 1884Rent payable by the Philadelphia
Balance of current interest
& Reading RR. Co
account
of our road and surrender the railroad to the lessor upon the
ground
the entire failure of the lessor to perform its coven¬
$86,925 ant and of
obligations thereunder, whereby it is rendered impos¬
635,776 sible for the lessee to successfully and profitably operate the
531
$723,233
Charges for the year 1884—
oh loans, bonds, &c
Interest
of general income
:
Balance to credit of general inc. acc’t, as above—
Add error discovered in acc’t in year 1876 of $900..
$140,721
900-$141,621
Fraley, the President, says: “ In
declared of 70 cents per share on the
preferred stock and 35 cents a share on the common stock,
the amount of said dividend being $50,827.
On June 1, 1884, the affairs of the Philadelphia & Reading
RR. Company were placed in charge of receivers.
Since that
date the receivers have furnished funds for the payment of
the interest on the loans of 1872, 1882 and 1895.
They have
offered to purchase the interest due November 1, 1884, on the
boat and car loans and the improvement bonds, at the rate of
5 per cent per annum; but the extent to which this offer has
been accepted has not yet been reported to us.
And on
January 1, 1885, they agreed to pay at their office the interest
on the coupon bonds of 1895 in full.
When the accounts for
these payments are adjusted, the proper credits therefor will
be given on the rental account.
In July last application was made to the receivers to
supply money for the payment of the dividends on the pre¬
ferred, and common stock, but they declined to do so upon the
ground that the full rental was not earned. When this posi¬
tion was taken by the receivers a petition was prepared and
presented to the Circuit Court of the United States, asking it
to direct the receivers to pay the rent as it fell (1110.’'
The
matter is before the Court and will be pressed to a decision as
rapidly as possible.
The report of Mr. Frederick
Febq 1884, a dividend was
“
“
GENERAL INVESTMENT
NEWS.
k Santa Fe.—The Boston Her aid says :
will be on from the West in about
ten days.
The January gross earnings were about $50,000
less than in 1884.
February figures are about the same as last
year—a trifle less if anything. The company is extending the
Southern Kansas system from Harper to Medicine Lodge, and
will by and by build as far as Wolf Creek in the Indian terri¬
tory. v In good time, also, the right to build across the terri¬
tory to Dennison will be availed of. • The company is now at
work upon the California Southern extension to the Atlantic
Atchison Topeka
“
The December statement
newly elected directors organized by electing the follow¬
officers*: President, Frank S. Bond ; Vice-President, Chas.
Schiff; General Manager, John Scott; General Counsel, E.
M. Johnson: Assistant General Counsel, George M. Hoadly,
Jr.; Secretary and Treasurer, H. H. Tatum ; Executive Com¬
mittee, F. S. Bond, Otto Plock, Charles Schiff, Alexander Mc¬
ing
$51,354
50,827
5,082
—
5,250
State
2,500
1,498—$582,512 Donald, Isaac Martin.
acc’t Jan. 3, 1885...
140,721
Chicago Burlington & Quincy.—The company makes the
$723,233 following statement for December and the year ending Dec. 31:
Dividends on stocks
State tax on dividends for the year 1883
Salaries of officers
Counsel fees for recover}” of taxes paid to
Office rent and other expenses
Balance to credit
road.
The
/
Gross
December.
1884.
1883..
earnings..... $2,060,357
1,012,339
Expenses
Net earnings...
$1,048,018
,
Tear.
/
.
1884.
.
.
1883
$2,170,918 $25,483,671 $26,110,369
999,128 13,068,568 12,780,630
$1,171,790 $12,415,103 $13,329,739
Cleveland & Marietta.—On application of the bondholders
and other creditors, the Court of Common Pleas of Washington
County, O., has appointed a receiver for this road. The road
extends from Marietta, O., to Canal Dover, 99 miles, and by
the last statement it had $1,000,000 first mortgage bonds and a
floating debt of $200,000, It was formerly known as the
Marietta Pittsburg & Cleveland, and was sold under foreclo¬
sure in 1877, when the present company was organized.
It has
been, for some time past, operated in connection with the
Wheeling & Lake Erie road, and under the management of the
same officers.— Railroad Gazette.
Dubuque & Sioux City.—The lease of this road to the Illi¬
expire in 1887. The rental price now is 36
per cent of earnings.
The Central considers this rental too
high, and recently offered instead to guarantee 4 per cent on
Dubuque & Sioux City-stock-, on which it would pay the taxes.
It is not known whether this offer remains open, but it is
nois Central will
presumed that it does.
Fort Worth & Denver City.—Work on the grading of the
extension of ties road is progressing well, and it is thought
that the whole line will be ready for the rails about the mid¬
will run from the present termi¬
through Wilberger into Harde¬
man County, about 40 miles.
The terminus, which is not yet
definitely located, will be called Harrold; and at that point
dle of April.
The extension
nus at Wichita Fails, Tex.,
extensive stock
yards will be built.
Hannibal & SL
Joseph.—The 8 per cent bonds of this
due March 1,1885, and they
of the Chicago Burlington
49 Sears Building, Boston,
company, dated March !, 1870, are
will be paid at maturity at the office
& Quincy Railroad Company, No.
Mass.
Houston Ss Texas
Central.—A press dispatch from
Gal¬
Texas, Feb. 14, said : “ Two bills in equity have been
filed in the United States Circuit Court against the Houston &
Texas Central Railway Company by Messrs. Eaton and Rintoul,
& Pacific.”
the trustees of the first mortgage bonds on the main line of
Bankers’ & Merchants’ Telegraph.—The news tapes report the Texas Central, and of the first mortgage bonds on the
that the receivers of the Bankers' & Merchants’ Telegraph Austin Division. The suits are separate on each mortgage.
Company have paid off the operators up to Feb. 1 in full, The bills allege default of the company in payment of the
and are making very satisfactory progress in straightening annual sinking fund, arising from the misapplication of its
out the tangled affairs of the company.
They have redeemed earnings to the payment of the subsequent indebtedness; also,
veston,
$3,000,000 of bonds, and are arranging to redeem and cancel that the company has made sales of a large quantity of the
$2,000,000 more, which will leave these bonds only a little mortgaged lands, without the knowledge or consent of the
over $5,000,000.
They have also redeemed 4,700 shares of trustees, and has not paid the proceeds to the sinking fund.
The object of the suits is to compel the company to make good.
Commercial Telegram stock, worth $200,000.
February 21,
THE CHRONICLE
1885.]
the sinking funds for each of these first mortgage bonds, and
to restrain anv diversion of the funds from the payment of
the same annually, and to reach the proceeds of the lands
which have been sold.”
—Mr. A. Foster Higgins, vice-chairman of the committee of
first mortgage bondholders, said to a reporter of the New York
Times : “We do not know anything about an application for
a receiver.
Such a thing is not contemplated by our com¬
mittee, for the present at any rate. Mr. John S. Barnes, our
chairman, has gone to Texas to inspect the property and ascer¬
tain the condition of the lands owned by the railroad com¬
pany. Until his report is received the committee will take
action whatever.
no
the
-V. F.
Receipts—
Gross earnings
Operating expenses...
earnings
Operating expenses
1881.
$86,293
$83,703
$311,947
80,761
$252,615
81,437
202,633
197,049
earnings
Income, other sources.
$5,537
$2,266
$109,314
$55,566
Total net receipts..
Deductions—
Interest on bonds...
$5,537
$2, 66
$103,314
$55,566
$50,075
$60,075
2,960
2,960
7,612
$36,400
15,991
$133,657
12,847
Net
.
All taxes
Rentals
1885.
1884.
$186,992
112,2 >2
Total deductions
$78,888
56,809
$74,730
54,998
761,627
$603,527
399,741
$152,270
$70,627
.
Balance, deficit...
$164,454
$55,140
Del. L>id: if- West.—\
L e<(seil Lines.
188 4.
188:?.
Surplus...
$22,079
$19,732
Nevada Central.—On application of
ceiver has been appointed for this road.
$203,786
386,824
$265,446
the bondholders a re¬
It extends from Bat-
the Mountain, Nev., on the Central Pacific, to Austin, 93 miles.
It is controlled by the Union Pacific Company, but a year ago
that company declined to make any further advances for pay¬
ment of interest, as it had never earned enough to pay the
coupons.
6 per cent
The funded debt consists of $750,000 first mortgage
bonds and $250,000 second mortgage income bonds.
Receipts—
Gross e-aruings
Operating
Net
expenses...
$1,575,001
636,507
$1,509,276
$688,494
$576,326
earnings
lucome, other
Miseellaue
_
832950
N. Y.
$688 494
1884.
Gross earnings
Net earnings
Bonded interest
charges
$1,034,208
416,520
403,675
1883.
$1,038,656
400,064
384,760
This company
is funding one-half of one coupon only, that
January, and paying the other half in cash. The
coupons are stamped “ one-half paid ” and deposited with the
Park Bank to be held as security for the amount
unpaid in
due in
of any embarrassment hereafter, and 6 per cent scrip pay¬
able in 1895, or earlier, at the option of the company, is issued
for the half coupon unpaid.
case
Northern Central.—The Northern Central Railway gives
notice that the $1,490,000 second mortgage 6s, due July 1, will
be
paid at maturity. Holders of the above bonds have the
privilege, after April 1, 1885, of receiving therefor, at par, a
new series of substitutional bonds secured by the consolidated
general mortgage of 1874, maturing in forty years from April
1, 1885, bearing interest at 4)£ per cent per annum in gold.
Norwich & Worcester.—At a special meeting in Worcester,
Feb. 18, a vote was passed to approve the action of the directors
in agreeing to reduce the rental of the road to the New York
& New England Company from 10 to 8 per cent. This action
was unanimous by all the stock voted on.
Ohio Central Coal Co.—At Columbus, Feb. 18, the prop¬
erty of the Ohio Central Coal Co., consisting of 12,000 acres of
land, was sold by order of the United States Court. The pur¬
chase was made by the first mortgage bondholders in New
York City. The price paid was $300,000. The tract of about
8,000 acres covered by what is known as “ Main L;ne Coal ”
mortgage, securing $1,000,000 issue of bonds was bid in by Mr.
H. L. Terrell, as trustee, for $200,000. The other tract of about
4,500 acres, covered by what is known as “ Mineral Division ”
mortgage, securing $550,000 issue of bonds was bid in for
$100,000—aggregate $300,000.
Philadelphia & Reading.—In regard to the Master’s report
Manhattan.
1884.
1833.
.
$1,743,329
995,091
$317,262
19,280
$748,738
$866,542
$770,113
$676,326
21,375
$
77,386
503,48 4
$352,033
$341,239
76,253
25.233
453,837
5,000
24.061
5.000
$577,870
$530,542
$ i8 ’,276
$18 1,266
$370,300
$393,813
$
ms
Total deductions.
Balance, surplus.
$145,784
1881.
Reccip's—
Gross earnings
Operating expenses..
—Boston (£■ A Iban ?/.—,
1884.
1883.
1883.
$132,420
142,53 3
$101.'9.3
91,995
$2,015,253
1.236,220
$2,142,152
1,452,876
Net earnings
Def.10.111
Income, other sources.
Sur. 3,637
$729,039
$689,276
Total net receipts.Def.$10,111
Deductions Interest on bonds'
$25,000
All taxes
4,400
Rentals
Sur. $9,697
$729,039
$689,276
$666,041
$634,817
$62,998
$54,159
$
)
3,000’'
)
Miscellaneous.
Total deductions..
Balance
Susquehanna & Western.—An approximate state¬
following exhibit:
$90,938
$1,750,342
903,380
sources
Total net receipts.
Deductions—
Interest on bonds
All taxes
Rentals
—R. R. Gazette.
ment for 1884 makes the
$146,504
.
—Bos. Hnos. Ttoi.iC- TV.-^
Not earnings
Interest and taxes
1883. (est.)
27,600
34,163
$70,647
$63,381
$05,090
.
—
$1,398,487 $1,413,897
794,960
7,592
Miscellaneous
■7 m. July 1 to Jan. 31.
1834-5.
1883-4.
$184,983
106,098
—Roch. <£ Pitts.
1883.
company
Gross
City <£ Northern.-
1884.
Trustees Eaton and Rintoul have sued
for an accounting in relation to the sinking
fund, and they would certainly have nothing to gain by ap¬
plying for a receivership.” ,
Mr. C. P. Huntington said: “ I know nothing about an imme¬
diate application for a receiver, and am of the opinion that there
is nothing in the current reports.
Should it become necessary
to protect the property,'an application for a receiver may be
made by some of the larger bondholders and myself. In such
a case all of the different interests will be protected.”
Nashville Chattanooga & St. Louis.—The gross and net
earnings for January and for the seven months since July
1, in 1884 and 1883, have been as follows :
2U
$3,003
$19,400
Def.$39,511 Sur. $6,697
/—y. r. L. E. <6 West.--.
1834.
1883.
Receipts—
$5,141,580
$6,415,696
4,517.391
Net earnings
Income, other sources
$1,548,015
303,0 47
$1,898,305
Total net receipts
Deductions—
Interest on bonds
All taxes
$1,856,062
$2,086,432
$1,151,372
$1,151,348
Gross earnings
Operating expenses
Rentals
Miscellaneous
149,982
*466,269
*639,389
$1,724,188 $1,942,151
$144,281
$131,974
Balance, surplus
*
106547
1,432
Total deductions
Includes guaranteed interest, interest on
gages,
188,127
Pavohia ferries, liorse railroads, &'e.
equipment loans and mort¬
Texas Land &
Land
&
dividend
Mortgage Co.—The directors of the Texas
Mortgage Co. have recommended the payment of a
of 10 per cent for the year ending Dec. 31, 1884.
Texas & Pacific.—It may not be generally known that the
so-called Texas & Pacific land grant acted upon in Congress is
a matter of no interest whatever to the present Texas &
Pacific Company.
It is the old grant northward of EL Paso
which is claimed by the Southern Pacific as assignee of the
rights of the Texas & Pacific, and
railroad through that country.
as
the actual builder of the
Toledo Cin, & St. Louis.—The Quigley
bondholders’ com¬
gives notice, as per order of the court, that bondholders
wishing to participate in the benefits accruing from the pur¬
chase of the terminal property at East St. Louis can do so by
signing the trust agreement of April 9, 1884, on or before the
first Monday of March, 1885. Signatures will be received at
8 Beaver Street, New York.
mittee
'Wabash St. Louis & Pacific.—The New York Herald has
the following by cable from London :
Sir : I am desired to ask you to publish, for the information
in general of the mortgage bondholders of the Wabash St.
Louis & Pacific Railway Company, that after long and tedious
recommending that the receivers be allowed to make pay¬
ments on various accounts, Judge Butler said that he wished
it distinctly understood that the Court would stand by the negotiations the committee have by cable come to this arrange¬
order it had made, and would require the receivers to satisfy ment with the parties on the American side, which the com¬
the Court as to all payments except those for operating ex¬ mittee recommend for the acceptance of the bondholders :
First—In tlie proposed reorganization
the new general mortgage
penses.
He said that by reason of the fact that near relatives
of his are owners of Reading bonds he did not feel at liberty to bonds, limited to the amount of the existing bonds ($17,000,000), shall
be issued in exchange for the present bonds, bearing, however, 5 per cent
hear argument on the exceptions. A letter was sent to Judge interest instead
of 6, and depending on the income for the first five years.
Second—Foreclosure rights are to be suspended for this period and will
Kennan, asking him when it would be convenient for him to
hear the argument.
Judge Butler, however, permitted the receivers to make pay¬
ments under the
car trust loan, now due.
The payments due
semi-annual interest at 3 percent on $1,800,000,
the sum of $200,000 being the annual instalment of
principal
due under the terms of the loan, and $20,000 as compensation
to the Union Trust Company, trustee.
These payments were
are
$54,000
as
made.
Railroads in New York State (Quarterly Reports).—The fol¬
lowing abstract, showing the operations for the quarter ending
Dec. 31, in 1884 and 1883, has been specially compiled for the
Chronicle from returns made to the Railroad Commissioners.
not be exercised for two years
after.
Third—The general mortgage bondholders shall have a fair and proper
representation on the Board during the income of the period.
Fourth—The collateral trust bonds and the floating debt shall be extin¬
guished out of the proposed assessment on the stockholders and by the
new first preference stock to rank after the general mortgage.
Fifth—That the assessment on the stockholders shall be $8 per Bhare
on preferred and $6 on the common shares, such assessment to be repre¬
sented by the new first preference stock. The committee, considering
the foregoing to be the basis of an arrangement to the interested bond¬
holders, accept and recommend it, and have asked Mr. Joy to come over
and attend the meeting of the bondholders at which it will be submitted
for approval.
Your obedient servant,
William Chamberlain,
Secretary of the Committee,
}
h
M
THE CHRONICLE.
242
3£he CnmnxmM opines.
*
COMMERCIAL
If,
EPITOME.
Friday Night,
February 20, 1885.
[VOL.XL.
COTTON.
Friday, P. M., February 20, 1885.
The Movement of the Crop, as indicated by our telegrams
from.the South to-night, is given below. For the week ending
this evening (Feb. 20), the total receipts have reached 54,324
bales, against 68,621 bales last week, 89.785 bales the previous
continued wintry, but the storms have not week and 75,295 bales three weeks since; making the total
been so severe as last week, and good progress has been made receipts since the 1st of September, 1884,4,339,722 bales, against
4,263,731 bales for the same period of 1883-84, showing an
In the restoration of the railway communication that had increase since September 1, 1884, of 75,991 bales.
been greatly interrupted throughout the North and West,
Total.
Fri.
Thurs.
F ed.
Mon.
Tues.
Sat.
Receipts at—
With the prospect that in a few days all trains will be moving
594
209
4,003
799
622
720
1,059
At the South planting operations have been delayed Galveston
as usual.
70
70
Indianola, &c.
by the cold and storms. Foreign commerce has been made New Orleans... 4,173 6,437 4,760
22,741
503
3,786
3,077
difficult and subjected to increased expense by the accumula¬
884
3,151
569
625
1,073
Mobile
840
840
tion of ice in this and other Northern harbors. Washington Florida
834
665
5,005
416
956
983
1,181
advices indicate that strong efforts will be made to limit silver Bavannali
32
32
Brunsw’k, &c.
coinage, with a fair prospect of success.
655
6,020
734
1,407
1,057
654
1,513
Charleston
Lard futures were active and buoyant during the first half
87
87
Pt. Royal, &c.
152
661
159
54
of the week, but on Thursday declined a few points under a
14
144
13S
Wilmington....
20
•20
free selling to realize profits, and closed this afternoon at 7*31c.
Moroh’d C.,&c
582
899
647
6,021
851
1,662 1,330
for March, 7*36c. for April, 7‘45c. for May and 7-52c. for June. Norfolk
1,560
1,560
West Point,&c
Spot lard has been scarce, owing to non-arrival of shipments New York
993
234
554
205
from the West, and has brought extreme prices, closing at 7*15
106
474
346
2,110
526
4S7
171
Boston
307
307
@7*20c. for prime city, 7‘35@7'40c. for prime Western, and 7*60 Baltimore
20
643
59
41
198
325
@7*85c. for refined for the Continent. Pork has been slightly Philadelp’a, &c.
firmer, although the demand is moderate, closing at $14 25 for Totals this week 9,184 13.415 8,523 5,490 7.183 10,529 54,324
mess and $15 50@$16 for clear.
Pickled cutmeats have con¬ For comparison, we give the following table showing the week’s
tinued active and close dearer, but rather quiet, at 6^@7c. for total receipts, the total since Sept.l, 1884, and the stock to-night,
The weather has
\l)
-
....
....
....
....
....
....
....
....
....
....
....
....
....
....
"
....
...
....
•••
....
....
«
....
•
•
• • •
••
•
....
....
«...
....
....
....
....
....
....
....
....
—
bellies, 5^@5^c. for shoulders and 9^@9%c. for
Cincinnati Price Current reports 4,973,200 swine
hams. The
slaughtered
principal points thus far this season, against 3,928,500
at the same points last season for the same period.
Beef and
beef hams are firm. Tallow is firmer at 6 5-16c. Butter has
at the
continued dull, but choice
ery
grades are scarce, and State cream¬
is still quoted at 23@36c.
Cheese is unsettled; quoted at
9<&13c. for State factory. The following is a
summary of aggregate exports from October 27 to
1884-5.
1883-4.
comparative
February 14:
15,577,200
Inc. 1,040,800
10,024,000
173,122,950
Tuc. 22,293,006
150,829,290
99,333,355
70,040,010
Inc. 23,292,715
Brazil coffees have been offered more freely to the trade, lead¬
Pork, lbs
Bacon, lbs
Lard, lbs
....
ing to more business, but drooping prices, and to-day fair cargoes
of Rio were quoted i^c. lower, at 9?sc., while options further
declined, closing with sellers at 7‘70c. for March, 7*85c. for
April, 8c. for May, 8T0c. for June and 8*20c. for July. Mild
coffee3 have also been more freely offered. Raw sugars have
Stock.
1883-84.
1884-85.
Receipts to
This
Since Sep.
This
Since Sep.
February 20
Weelc.
1,1884.
Week.
1, 1883.
4,583 534,939
438,394
19
8.196
70
10,226
18,738
1,363,371
22,741 1,367,434
232,347
219,742
1,977
3,151
35,492
840
68,590
1,146
679,438
7,266 614,354
5,065
32
7,464
9,677
386,452
4,717
6,020 491,066
276
87
12,859
5,954
936
87,121
661
91,432
130
20
11,277
9,493
6,021
7,512 532,352
511,587
1,560 264,9S8
4,027 187,951
89,704
49,291
2,587
993
7,645 128,239
72,608
2,110
4,003
Galveston
Ind’nola,&c
...
29,938
48,890
290,167
31,732
345,778
9
1,500
66,945
12
,
New Orleans.
Mobile
Florida
Savannah....
Br’sw’k.&c
Charleston...
Pt. Royal, &c
Wilmington..
M’headC.,&c
Norfolk
W.Point,&c.
New York...
......
52,905
30,630
11
......
2,357
7,587
30,892
28,296
165
17,417
14,146
2,516
17,621
32,181
307
...
34,797
40,525
*
Boston
Baltimore
1884.
1885.
......
335,076
338,569
6,310
18,500
13,743
7,460
17,205
9,768
93S
643
have undergone two declines of l-16c. Pkiladel’a.&c
959,713
830,055
54,324 4,339,722 65,013 4,263,731
Total
each, closing at 4%@5c. for fair to good refining, and refined
is dull at 6^£c. for crushed. Molasses has been much more
In order that comparison may be made with other years, we
active and closes firmer, several cargoes of the new crcp give below the totals at leading ports for six seasons.
1880.
1881.
1832.
1883.
1884.
1885.
Cuba having been sold for arrival at 21@21J^c. for 50-degrees Receipts at—
test. Teas have had a fairly active speculative movement, Galvest’n,&c.
9,812
17,664
4,447
15,847
4,602
4,073
45,186
46,950
37,145
16,341
and with sales to-day at 2334c. for March and 2434c. for April New Orleans.
18,738
22,741
been dull, and prices
l1 25 for strained.
Oils have been doing better. Hops are
Wool is rather easier.
Metals have been without feature of special interest. At to¬
day’s Exchange iron was dull at $16%@$17. Tin was quiet
and easier at 17*20@17,40c. for spot, futures 17*20@17*35c.
firm.
plate was steadier at $4 35@$4 45. Copper was dull at
ll*05@U34c. Lead was nominal; domestic 3*60$3*75c., for¬
eign 4*30@4 55c. Spelter was dull; 4*90c. asked for foreign.
Ocean freights have been dull, owing to the scarcity of
grain for prompt shipment, and rates have declined. Engage¬
ments were made to-day for grain at lj^d. to Liverpool and
224d. to London. Important shipments for the week include
large quantities of oats to London and rye to Antwerp. Pet¬
roleum charters have latterly been more active, but at lower
rates, including bbls. to London Is. lid.@2s.; same rates to
Antwerp; also grain vessels from Baltimore to Cork for
orders 3s. 9d.@4s.
Tin
134,448
60,160
138,359
Tot. this w’k.
54,324
65,013
Savannah....
:;$i 30@$i 60.
The speculation in crude certificates has been more active,
and on Thursday there was some advance in prices, owing to
a demand to cover contracts.
To-day there was a further im¬
provement, and the close was at 75^@76c. Crude in barrels
-quoted at 0%@7e.; refined in barrels for export, 734@7%c.
and in cases bJgCg) 10i£c.; naphtha, 734c. Spirits turpentine
has been much more active for the speculative account, and
prices have improved. To-day there were sales of 500 bbls. at
§134c. for March and April, 3034c. for May, 3134c. for October
and 2934c. for all the year.
Rosins remain dull at $1 2234@
12,910
All others....
7,581
4,925
Kentucky tobacco has been quiet at unchanged prices. Seedleaf tobacco has moved much less freely, and the sales for the
week aggregate only 1,050 cases, as follows: 550 cases 1883
Pennsylvania, 9@13c., 100 cases 1881 crop, do., private
terms; 200 cases 1883 crop, Wisconsin Havana, 9@ 15c.; 50 cases
1883 crop, New England, 15@35c.,and 150 cases sundries, 5@28c.
Also 350 bales Havana, 80c.@$l 15, and 175 do. Sumatra,
10,578
15,505
12,064
2,141
19,366
14,091
8,055
15,570
15,409
3,429
.26,083
Mobile
crop,
3,403
6,942
6,336
1,563
10,742
10,381
1,977
7,26G
4,933
1,066
11,539
14,832
for standard Japans.
3,151
5,063
6,107
(Jharl’st’n, &c
681
Wilm’gt’n, <fcc
Norfolk, &o..
4,831
12,550
6,754
1,107
11,658
11,007
102,995
Since Sept. 1. 4339,722 4263,731 4766,393 4006,508 4535.165 4201,820
Wilmington includes Moreliead City,
&c.; Norfolk includes West Point,&c-
for the week ending this evening reach a total
60,041 bales, of which 42,610 were to Great Britain, 170
to France and 17,201 to the rest of the Continent, while the
stocks as made up this evening are now 830,055 bales. Below
are the exports for the week and since September 1, 1884.
The exports
of
Week Ending Feb. 20.
1,1884, to Feb. 20,1885
Exported to —
From Sept.
Exported to—
Exports
from—
1
Conti¬
Total
Great
Brim.' France
nent.
Week.
Britain.
Great
Galveston......
New Orleans..
Mobile
2,178
285
19,711
6,149
6,044
2,463
25,860
6,041
Florida
Savannah
2,910
4,260
......
Charleston*...
Wilmington...
Norfolk*
2,130
......
......
;
New York
Baltimore
1,509
2,657
.
6,390
......
8,381
...
2,910
170
•••«••
3,597
•
•
.
,
«
12,148
1,509
2,657
Philadelp’a,&c
Total
Total 1883-84
JLL1U1 UUb3
42,670
170
73,114
14,764
UA|lUIi/S lioux m. uiv
+ Includesexports
Conti¬
France
7,470
143,595
552,387 236,283
37,179
3,585
171,834 11,699
148,342 22,259
49,497
6,375
287,020
274,820 29,097
8,0a0
Total.
57,1 L2
208,177
258,144 1,010,8! 4
700
37,879
3,585
191,695
375,258
143,201
313,802
03,537
319,065
418,510
83,944
139,334
45,987
14,040
25,670
114,593
418
83,528
102,099
41,200
nent.
34,185
4,787
60,041 1,895,111 310,233
844,605 3,055,952
13,438 101,316 1,810,200 372,690
685,564 2,868.460
17,201
ivv.
from West Point, Ac,
February
THE CHRONICLE.
21, 1885.J
In addition to above exports, our
telegrams to-night also give"
the following amounts of cotton on shipboard, not cleared,
at the ports named.
We add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
& Lambert, 89 Broad Street.
us
243
The Sales and Prices of Futures are shown by the follow¬
ing comprehensive table. In the statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales.
00
Feb.
20, at—
Great
Britain.
New Orleans....
Mobile
Charleston
Savannah
Galveston
Norfolk
New York
Other ports
France.
19,816
3,200
5.800
3.800
3,669
15,846
4,000
5,000
Total 1895.
Total 1884
Total 1883‘
Other
Coast¬
Foreign
wise.
7,240
17,914
None.
None.
None.
None.
None.
None.
None.
None.
Leaving
1,800
1,200
1,200
3,080
1,166
None.
None.
None.
None.
2,400
700
243,584
5,700
12,000
26.032
18,630
6,800
33,725
22,023
15,046
7,915
15,846
6,400
5,700
61,131
7,240
30,894
7,679
106,944
723,111
63,985
90,680
7,634
19,174
62,987
7,068
91,215
12,354
141,674
213,423
818,039
733,614
day there
a •
irregular decline, but
was an
on
On Mon
crop.
other days
Feb. 14 to
Feb. 20.
NEW ORLEANS.
TEXAS.
ITIoii Tues
Moil Tues
Sat.
1
Ordin’y. $ lb
816i6
8l3le
Strict urd..
93b
Good Ord.. 103l6
Str. G’rt Ord 10»i6
Low Mild’g 1078
Str.L’w Mid lFie
9%
Sl516
9%
103I6
10«16
100,6 10016
10%
10%
lihc 11 %6
1131« 113,6
Middling.... 1I316
Good Mid.. 11%
Str. G’d Mid 110,6
11%
93,6
9%
93,6
9%
10%6
93,6
Sat.
Moil Tues
Cj
11%
115,fi
H716
115,6
IFlb
11%
11%
11%
115,6
1171«
11%
11%
11%
11
1
11
513
lFifi
11%
11%
n%
Wed
9
Ordin’y. $ lb
FrI. AVed
9
9
Til.
9%
Fair
12%
11%
11T16
10%
113,6
10%
10%
113,6 113,6
11%
10%
113,6
11%
10%
113,6
11%
11%
11%
11%
11%
11%
11%
11%
11%
11%
12%
12%
12
12%
STAINED.
12%
12%
11%
12%
11%
12%
12%
12%
M011 TuesWed
Sat.
lb.
n%
12%
12%
SO,6
89,6
S9l6
9%
9%
9%
8%
11%
12%
12%
Th.
FrI.
8%
8%
9°,a
9510
9°,6
10%
10%
10%6 101 in 10%6 10%
101%6 1011,6 10I%6 10%
10% 110%
Low Middling
Middling...
MARKET AND
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glance how the market closed
column which shows
a
on same
CLOSED.
Sat..
Mon
Tues.
Wed
Thurs
Fri.
.
.
.
O’t &
Firm
1,6 adv
..
mmmm • •
i Con-1 Spec-' TranTotal.
port. sump ul’t'nl sit.
....;
....1
151
....!
398
....!
172
85
144
HI
••
•
•
•
•
••
1,243
HI
....
....
293
.
r,
-
.
•
m m m
FUTURES.
151
293
393
172
196
144
Sales.
Deliv¬
eries.
02,700
1,100
30.000
56,300
400
800
600
500
300
1,354 274,000
3,700
22,600
34,000
68,400
daily deliveries given abovj tire actually delivered
that cu vyuicn they are reported,
oua to
1 $: :
1 .1:
1 $:
1 $
:
ll!
at a
days.
Ex-
....
Quiet and firm...
Total.
e
firm, 1,6 ad.
Firm
Dull at
Dull
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SALES OF SPOT AND TRANSIT.
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SALES.
also add
p
it
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The total sales and future deliveries each day during the
week are indicated in the following statement. For the con.
we
P.M?T>
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MM
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111116 1U%6 m%6 111%G 111%6 11»%0
11%
Good Ordinary ...
Strict Good Ordinary.....
Til.
914
9%
9%
9%
9n,e 911,6 9l%6 9!%6 9iiu Si‘ie
10
10%
10%
10%
10%
10%
11%
12%
Wed
9%
Strict Ord..
9mg
9t16
Good Ord.. 10^4
10%
10%
Str. G’d Ord 10%
10%
10%
10%
Low Midd’g I015lb 10l°iQ 10i3ie 113,6
Str.L’w Mid 11%
11%
11%
11%
11%
Middling... 11M
Good Mid.. ll7ie 11%6
Str. G’d Mid 11%
11%
12
Midd’g Fair 12
FrI.
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Midd’g Fair niDi6 1113,6 111%6 1231K 123,6 123,6 123,6 123,6 123,6
Fair
12%« 120lft 129,« 1213,,. 1213,,. 1213,6 1213,6 1213,6 1213,6
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Sat.
IIP
C'® ®
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,
UPLANDS.
—
to ® ® »
0 ®-
® C5 f* “
o
3 t-s o< or
3
®PS
3
more
recorded, until last evening the clo sing figures wTere 5@ 9 points above those of the previous Fri¬
day for this crop, but only slightly dearer for the autumn
months. To-day there was a slight further improvement in
values for the early deliveries, but a dull market generally,
without tone to the close. Cotton on the spot was advanced
l-16c. on Saturday last and again on Wednesday, but the busi¬
ness reported has continued very small.
Tc-day there is no
change, and the close is nominal at ll^c. for middling
uplands.
The total sales for forward delivery for the week are 274,000
bales. For immediate delivery the total sales foot up this week
1,354 bales, including — for export, 1,213 for consumption,
111 for speculation and — in transit.
Of the above, — bales
were to arrive.
The following are the official quotations for
each day of the past week.
03
•
® d
a> o
rVTjnr.g.
o3.£p
co
\m
o
less advance has been
or
**
...4.
Q,
25V§
& d'S'Qi
i Bi
wintry, delaying
preparation for planting the next
cm
.
delivery at this market ha
and the weather at the South has continued
as
P »'*
to
328.676
35,395
activity over the previous week, and
yet has been only moderate in amount, yesterday being the
first day in which dealings made any approach to briskness.
Prices have advanced somewhat.
Liverpool accounts have
been better, the crop movement has fallen below estimates,
the work of
Z? © ©
SELF*
increase in
some
OtOQtB
o •rj
SB e+®
46,553
n&H
o
I2&1
§3*3.
g-®
Slock.
Total.
1,613
2,500
5,000
Business in cotton for future
shown
ml
Shipboard, not cleared—for
!
On
the day
includes sales in September, 1884, for September, 15b,2oo
; Septomber*Oetober, lor October, 421,860; September-Novembor, lor November
592,200; September-Decembor, for December. 967,800; September*
Januarjr, for January, 2,114,luc.
fy* We have included in the above table, and shall continue each
areek to give, the average price of futures each uay for each
month. It
will be found under each day .ollowing tbe abbreviation **
Aver/* The
average for each month for ne week is also given at bottom of table.
Transferable Orders- Saturday, ll*25c.; Monday, H*2oc.; Tuesdav
ll-25c.; Wednesday, 1130c.; Thursdajr, 11-30C.; Friday, 11*JOc.
The following exchanges have been made
•27
•27
•13
•09
•15
pd.
pd.
pd.
pd.
to excli. 3u0 Mar. tor Juue.
to excli. 50 ) Mar. for Juue.
to excli. 500 Mar. for May.
to excli. 300 April for ALiy.
pd. to exch. 200 Mar.
lor
May.
during the week*
500 Nov. for Dec. evtn.
03 pd. to exeh. 100 Feu. for Mar
06 pd. to excli. loo Mar. for Anril
78 pd. to exch loo Muy for Autr.
*13 pd. to exch 400 Feb. for
April
THE CHRONICLE
244
[VOL. XL,
1,174 bales more than the same
to-night, as made up by cable the
week last year, and since September 1 the receipts at all the
and telegraph, ig as follows. The Contmental stocks, as well as
towns are 75,504 bales less than for the same time in 1883-84.
those for Great Britain and the afloat, are this week’s returns,
Quotations for Middling Cotton at Other Markets.—
and consequently all the European figures are brought down
to Thursday evening.
But to make the totals the complete In the table below we give the closing quotations of middling
figures for to-night (Feb. 20), we add the item of exports from cotton at Southern and other principal cotton markets for each
day of the past week.
the United States, including in it the exports of Friday only.
Bales.
Stock at Liverpool
Stock at London
Total Great Britain stock
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
.
1885.
1884.
1893.
1882.
921,000
34,000
987,000
-64,000
980,000
79,300
742,000
51,500
955,000
1,039,300
4.200
4,000
38,000
68,800
21,000
57,000
1.500
1,100
too
3,000
153,000
198.000
3,400
6,000
793,500
7,700
49,800
53,000
...
..
500
1,100
216,000
6,000
57,000
6,000
...
..
2.600
1,400
3,670
7,000
4,100
404,100
400,900
280,200
271,212
26,000
830,055
217,788
..
8.700
1,078,789
Total American
East Indian, Brazil, &c.—
2,435,493 2,708,743 2,548,544
2,477,919
264,000
79,300
98,200
148,000
216,006
51,500
93,212
380,000
830,055
217,738
10,000
8,700
283,000
214,000
34,000
112,100
85,000
Liverpool stock
London stock
Continental stocks
India afloat for Europe
64,000
92,900
161,000
p
H-*
CD
SS
*
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y, y,
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14,500
Week
Ending-
246,000
51,000
X
X
X
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12.
“
19.
“
20.
WM!|
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X
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10%6
10%
10%
105a
following table is
“
10
23
“
30
13
“
20
82-’83. ’83-’84. ’84-’85. ’82-’83-1 ’83-’84. ’84-’85.! ’82-’83. i »83-’84. [»84-’85.
251,923'201,6801207,8931379,855
224,997 140,612 (154,075
422,310 303,520 294,785 ’ 200,419 207,547
383,047 407,974 349,488
228,789 126,270 140,048
72,109 105,291
81,284' 115,025
74,718! 87,132
175,382 ! 90,245 133,994 380,248; 389,898 320,785 171,983!
150,300 110,467 130,951'307,907 36 \715 304,8:9 138,109'
130,400 104,533 93.911 350,749 330.900'298,080 119,182;
171,316 112,110 75,295|347,523 299,754 280,872 168,090
165,868 111,431 89.785 343.581 282,475 271,790 101,929
140,130 105,921 68,621'326,796 208,009 250,045 129,342
134,448 65,013 54,3241321.424 251,4501234 231 129,076
0
“
jSVk at Interior Towns. Rec'pts from Plant'ns.
80,904! 58,087
80,703
52,870
51,394 32,510
94,202
01,515!
2.—That, although the receipts at the outports the past week
54.324 bales, the actual movement from plantations was
32,510 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 51,394 bales and for 1883 they were
129,076 bales.
Amount of CcFtton in Sight Feb. 20.—In the table below
we give tlie receipts from plantations in another form, and add
to them the net overland movement to Feb. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
1883-84.
1882-83.
1831-82.
:
2
Receipts at the ports to Feb. 20 4,339,722 4,263,731 4,766,393 4,006,508
Interior stocks on Feb. 20 iu
317,005
304,939
217,016 205,291
excess of September 1
.05
Tot.
receipts from planta’tns 4,556,738 4,469,025 5,071,332 4.323,513
00 »
Net overland to
M
Southern
February 1...
consumpt’n to Feb. 1
442,478
144,0U0
444,671
150,000
472,320
160,000
337,278
125,000
.
sight February 20.. 5,143,216 5,063,696 5,703,652 4,785,791
*
spinners’ takings to
February 20
Northern
rT Co
997,819 1,086,720 1,232,103 1,191,666
to?r
It will be seen by the above that the increase in amount in sight
to-night, as compared with last year, is 79,520 bales, the decrease
from 1882-83 is 560,436 hales, and the increase over 1881-82 is 357,425
o
bales.
M
.
M®M«tJ,«OM
•
10916
10%
•
270,300'291,376 380,477 310,019 262,093'277;S97 325,186
410,240 335,451!270,167 304,932 308,889
258,170'247,733'258,340! 330,993 j 423,577 303,860 295,635 201,004:286,755
2.
“
Receipts at the Ports,
1884-85.
M a bwccffl
0-1 X > X O' CO X
*M X M •
t
CO
%-3j 6
11%
were
M M M_p'tv CP C.
MM-3-;
11
%-:ho
11%
10%
10%
M
OT M M - I C c: it- SC X X O X O O X
oiOMyawciotcoao'CiwcoffiM
X
V
11
11%
11%
10%
10%'
247,017 (265,484
202,015 281,103.289,457 299,528
Total in
COCO
10%
11%
11%
its-
CO
i—
O'
M CO X -1 CC M -1 M
-1 M X or -1 X P-ICO M
xbi'xcoVjbcobtobbbbx moxoi m
10%
10%
The above statement shows—1/ That the total receipts from
the plantations since September 1, 1884, were 4,556,738 bales;
in 1883-84 were 4,469,025 bales; in 1882-83 were 5,071,332 bales.
£
tO
»—
—J
10%
<5
‘4Xw0r*0*40CW0®H**W®S"-fl5
X
“
Feb.
•
m
zjx
I— M
5
9.
>: j?:
•
—
ic io ~m m
rtiMHitco m tc
O'
tc CC (X CP O CO M CO M M tv M CP
M
CO
X
CO
to
CO
M
X
to M X M to O O
-1
CO
M
;
M
X
M
m
;
Dec.
Jan.
following statement.
•
10Lo
10%
he
10%
101316-%
101316-%
101 he
RECEIPTS FROM PLANTATIONS.
CO
M
to
00
• ;
O-
he
101116
Receipts from the Plantations.—The
•
to
C5
P
.
....
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are some¬
times misleading, as they are made up more largely one year
than another at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts
or Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
H
O
p
ll%
10%
10%
10%
10%
and a decrease of 220,038 bales as
—
H.
•
11
11%
10%
10%
10%
10%
P*
erf
erf
lihe
10h«
327,630
O
3
O
J
* ’a
~
~
li
10%
10%
H
►—*
SP
11%
10'ie
<
»-*
11%
10%
r+
P
p
11^
10%
11%
10he
c
o
10l3ia
Cincinnati...
Louisville....
compared with 1882.
At the Interior Towns 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
H
i0’316
St. Louis
figures indicate a decrease in the cotton in sight
to-night of 446,050 bales as compared with the same date of
18S4, a decrease of 277,451 bales as compared with the corres¬
c+
10%
11%
The above
o
10%
Philadelphia.
Augusta.
Memphis
66,000 bales.
period of 1883-84—is set out in detail in the
10“i6
10%
10%
lOi^ie
657,712
2,477,919
2,906,593 3,352,643 3,184,044 3,135.631
Total visible supply
Price Mid. Upl., Liverpool—
6d.
5^i6d. ’
5%d.
Chad*
The imports into Continental ports this week have been
ponding date of 1883
10%e
lOhfi
10%
10^
10%
105q
471,100 643,900 635,500
2,435,493 2,708,743 2,548,544
Total East India, &c
Total American
10%
10%
Norfolk
Boston
Baltimore
178,060
353,000
46,000
43,000
26,000
Egypt, Brazil, <kc., afloat
10%
10%
Wilmington..
526,000
696,000
182,000
429,COO
947,037
292,907
1,660
314,000
511,000
959,713
230,000
10%
10Hia
917,037 1,07S,789
327,630
292,907
14,500
1,600
684,000
707,000
292,000
10 58
....
101116
American ;.ncl other descriptions are
Liverpool stock...
bales
Continental stocks
American afloat for Europe...
United States stock
United States interior stocks..
United States exports to-day..
10%
Fri.
Thurs.
10716
3,135,631
2,906,593 3,352.643 3,184,044 as
follows:
Total visible supply
Of tlie above, the totals of
10%
10 is
Wednes.
10%
246,000
353,000
51,000
429.000
46,000
Tues.
105a
....
1,064,712
1,437,000 1,310,500
148,000
Mon. °
10^8
Charleston.
158,000
7,000
Egypt. Braz il, &c., afl t for E’r’pe
Stock in United States ports
Stock in U. S. interior towns..
United States exports to-day..
10 ia
..
39,000
4,500
4,330
161,000
511,000
43,000
959.713
230/ 30
10,000
10^8
...
412
closing quotations for middling cotton on—
Satur.
Galveston
New Orleans.
Mobile
Savannah.
39,100
18,200
40,000
8.200
Total European
rope?
stocks
1,350,100
85,000
India cotton afloat for Europe.
Anier’n cottTi afloat for Eur’po 390.000
ending]
Feb. 20.
50,000
12,000
..
Total Continental stocks....
Week
have been
towns
same
The Visible Supply of Cotton
Telegraph.—Although the weather
has been cold and wintry during most of the week at the
South, there is an improvement over last week. Snow is re¬
Weather Reports by
M CP
to
M ►-*
b'b>
CC O' -1
to M o —1
to X CC M to o» 00
XXtoMO'C-.-'O i -JMMCPXCtO—IM©
o to to to M
woe MO-IO
M
111
COtOOOCOXOOMO'OCwCOCOOXX
O X M CO C M O
cb 1
52
M
M
to
-1 O' CO -1 m to CO to M
j m-1 Oi — MCP X
XtOM to M COM
O'M COM MOM
-
bo xb/xb'b'bcbs
b'
CO X MX <1 CO
O M M O' CO M X
C. M
X-1C.
CiOMC MOO
CO
>-
M
M
C*
ONjpp M WCiHOCCO
M 00 jc
*~'x x >-
to —
c.To
— OX X CO O' Ci
MCi'tOX—ICntOOCOMOXMOMM
X CP CO —
COXClCtO
x«>
cs
CO
I.O-
22
M
C
CO
>-
M a-*
w
s S3
-lOU'ie: bi -4 Mm
M COM -l
MO COX M m K, X X oc 05 0-4
COOCCO'tOWOOOTMOWOCOO-IXtOO
mm -JrO X to
M X IO C to X
X — to CO M O’ M
jr
S
.03
M M —t Ct O O' -l to
35
ts I
1
1-1.1
b to
ported from a few points and ice formed at others.
Galveston, Texas.—It has rained on two days of the week,
the rainfall reaching two hundredths of an inch. The ther¬
mometer lias averaged 51, the highest being 69 and the low¬
est 36.
Indianola, Texas.—There lias
been no rain all the week.
night. The thermometer lias averaged 50,
ranging from 30 to 72.
ii, uQ
-1
M
Palestine, Texas.—We have had a rainfall of two hun¬
CO
to- J M 0: X M X M
-IX
CC CO to
CO
p' p* M to M _CC X ;
p!
dredths of an inch on one day of the week. Ice formed on
CO to to X CO
to J?
m’o-j1--lM*x xob; CC X C
0
% X MCnlo X
I
tC
O x
to
-I O X ~J‘ O M (j: M to.;
CCr-C^-ltC
four nights.
The thermometer lias ranged from 28 to 70,
X CO -4 X -1 M M O
C I to o C X M C -1 X IO X
MX X X m
averaging 43.
New Orleans, Louisiana.—It has rained on three days of
The above totals show that the old interior stocks have
tbe week, the rainfall reaching fifty-six hundredths of an
decreased during the week 22,379 bales, and are to-night 12,202
bales less than at the same period last year. The receipts at inch. The thermometer has averaged 50.
COXXOOMO
—1 CO co to o to o
to
CO
CO
>—
_
M
to
•
M -
M
•
j'
/
to
o
Ice formed on one
February 21,
THE CHRONICLE.
I8fc5.]
Shreveport, Louisiana.—We have had a rainfall of forty
an inch during the week.
Average thermom¬
eter 42'1, highest 70’2 and lowest 29.
Columbus, Mississippi.—It has rained on two days of the
week, the rainfall reaching one inch and eight hundredths.
Leland, Mississippi.—We had light rain on Monday, with
a precipitation of seven hundredths of an inch.
The ther¬
mometer has averaged 39, the highest being 60 and the low¬
hundredths of
est 24.
Little Rock, Arkansas.—The weather has been
generally
fair to clear during the week, with light rainfall on two days
and light snow on one day.
The rainfall reached eight hun¬
dredths of an inch. The continued cold weather has prevented
245
keeps the totals correct. We first give the Bombay statement
for the week and year, bringing the figures down to Feb. 19.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Shipments this week.
Year
1835
1884 14,000
1883 14,000
1882 22,000
Shipment« since Jan. 1.
Total-
Great
Britain
S,000! 8,000
20,000
Great OontiBriVn. neni.
7.000
_
.
.
21,000,' 88,000
! 14,000,! 66,000
122,000!155.000
Conti¬
nent.
Receipts.
This
Week.
Total.
69,000
100,000
100,000
74,000
Since
Jan. 1.
89,000 33,000
171,000
188.000 39.000
166,000 66,000
229,000 59,000
306,000
332,000
3 44,000
According to the foregoing, Bombay appears to show a
compared with last year in the week’s receipts of
any preparation for crop3.
Cotton receipts continue good. 6,000 bales, and a decrease in shipments of 13,000 bales, and
the shipments since January 1 she w a decrease of 99,000 bales.
The thermometer has averaged 32, ranging from 22 to 64;
Helena, Arkansas.—We have had light snows on three The movement at Calcutta Madras and other India ports for
days, and the remainder of the week has been cloudy. The the last reported week and since the 1st of January, for two
snowfall was equal to nineteen hundredths of an inch of years, has been as follows.
“Other ports” cover Ceylon,
water.
The thermometer lias ranged from 22 to 64, averag¬ Tuticorin, Kurrachee and Coconada.
ing 33.
Shipments since January 1.
Shipments for the week.
Memphis, Tennessee.—We have had light rains on three days
of the week, the rainfall reaching twenty-two hundredths of
Great
Conti¬
Great
Total.
Continent.
Total.
an inch.
The thermometer has averaged 34, the highest being
Britain.
nent.
Britain.
decrease
59 and the lowest 22.
Nashville, Tennessee.—It has rained on three days of the
week, the rainfall reaching fifty-six hundredths of an inch.
The thermometer has averaged 28, ranging from 13 to 51.
Mobile, Alabama.—We have had showers on three days of
the week, the rainfall reaching one inch and two hundredths.
The thermometer has ranged from 29 to 64, averaging 44.
Montgomery, Alabama.—It has rained on four da}rs of the
'week, and we have had killing frosts on three. Contracts for
labor for the coming year are now being made at about last
season's rates.
Average thermometer 42, highest 64, lowest
24.
Rainfall one inch and thirty-three hundredths.
Selma, Alabama.—We have had rain on three days of the
week, the rainfall reaching one inch and twenty hundredths.
There has been killing frost this week. The thermometer has
averaged 41, the highest being 60 and the lowest 26.
Auburn, Alabama.—It has been showery on four days of
the week, the rainfall reaching one inch and seventeen hun¬
dredths. The frost we have had will make re-planting of oats
necessary in some districts. The thermometer has averaged
38‘6. ranging from 21 to 59-5.
Madison, Florida.—We have had rain on two days of the
week, the rainfall reaching one inch and seven hundredths.
The thermometer has ranged from 33 to 69, averaging 49.
Macon, Georgia.—It has rained slightly on one day of the
week.
Average thermometer 35, highest 60 and lowest 22.
Columbus, Georgia.— We have had rain on one day of the
week, the rainfall reaching one inch and fifty-live hundredths.
The thermometer has averaged 40, the highest being 51 and
the lowest 23.
Calcutta—
1885
1884
Madras—
1885
1884
All others—
1885
1884
2,000
3,0C0
Total all1885
3,000
1,000
4,000
11,800
24,000
.1,000
1,000
1,000
1,000
1,000
4.000
2,700
14,500
33,500
9,500
3,6)0
6,000
1,100
1,100
1,000
4,100
1884.;....
1,000
5,100
5,000
3,600
6,000
8,500
4,000
2,000
23,900
34,000
4.700
9,500
10,500
4,000
28,600
43,500
The above totals for the week show that the movement from
the ports other than Bombay is 100 bales more than same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1885, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EUROPE FROM ALL INDIA.
1884.
1885.
1883.
Shipments
to
alt Europe
This
week.
from—
Since
Jan. 1.
This
week.
Since
Jan'. 1.
89,000
28,600
21,000
5,000
188.000
43,500
14,000
4,400
166,000
5,100
13,100
117,600
26,000
231,500
18,400|
222,800
8,000
Bombay
All other ports.
Total
This
week.
Since
Jan. 1.
56,800
This last statement affords a very interesting comparison
he total movement for the three years at all India ports.
of
Alexandria Receipts and Shipments.—Through arrange¬
ments we have made with Messrs. Davies, Benachi & Co., of
Savannah, Georgia.—It has rained
on four days, and the Liverpool and Alexandria, we now receive a weekly cable of
pleasant. The rainfall the movements of cotton at Alexandria, Egypt.. The following
of an inch. The thermometer are the receipts and shipments for the past week and for the
32 to 66.
corresponding week of the previous two years.
Augusta, Georgia.—We had heavy rain on five days in the
Alexandria, Eaypt,
early part of the week, but the latter portion has been clear
1882-83
1883-81.
1884-85.
February 18.
and pleasant.
The rainfall reached one inch and sixty-five
hundredths. The thermometer has ranged from 25 to 60, Receipts t can tars*)—
40,000
This week....
40,000
75,000
averaging 33.
2,497,000
2,121,000
Since 8ept. 1
3,028,000 1
Atlanta, Georgia.—It has rained on four days of the week,
This
Since
This
Since
This
Since
the rainfall reaching one inch and six hundredths, in which is
week. Sept. 1.
week. Sept. 1.
week. Sept. 1.
included twenty-two hundredths of an inch of melted snow.
Average thermometer 36*3, highest 54 and lowest 19.
Exports (bales)—
8,000 202,000 13,000 199,000
10,000 253.000
To Liverpool
Charleston, South Carolina.—It has rained on three days
To Continent
of the week, the rainfall reaching one inch and four hun¬
5,OOOj H6,OOOj 3,000 93,000 2,000 61,000
dredths. The thermometer has averaged 44, the highest being
15,C00l3G9,000! 111.000 295,000 15,000 260,000
Total Europe
remainder of the week has
reached fifty-eight hundredths
has averaged 44, ranging from
been
,
61 and the lowest 32.
Stateburg, South Carolina.—We have had rain on four
days and the remainder of the week has been pleasant, clear
and cold.
dredths.
The rainfall reached one inch and forty-one hun¬
The thermometer has ranged from 25 to 57, averag¬
ing 38*2.
Wilson, North Carolina.—It lias rained on three days of the
week, the rainfall reaching two inches and ten hundredths.
Heavy snow and sleet fell here this week. Average thermom¬
eter 36, highest 52, lowest 27.
The following statement we have also received bv telegraph,
showing the height of the rivers at the points named at 3 o’clock
February 19, 1885, and February 21, 1884.
Feb.
New Orleans.
Memphis
NashviUe
Shreveport....
Above low-water mark.
Vicksburg
19, ’85. Feb. 21. ’84
Feet.
3
20
10
17
33
Inch.
0 •
4
8
0 *
7
Feet.
2
Inch.
6
| 26Mis sing.
11
43
7
*A cantar is 98 lbs.
This statement shows that the receipts for the
Feb. 18 were 75,000 cantars and the shipments
15.000 bales
MxYNCHESTER Market.—Our report received from Manchester
to-night states that the market is fiat. We give the prices for
to-day below, and leave previous weeks’ price for comparison.
reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to highwater mark of April 15 and 16, 1874, which is 6-10ths of a foot
above 1871, or 16 feet above low-water mark at that point.
1883-84.
1884-85.
Dec 19
26
Jan. 2
“
9
“
16
“
“
32* Cop.
8*4 lbs.
OotVn
Mid.
Twist.
Shirtings.
Uplds
d.
83s It
8% (t>
d.
9
S.
9
5
d.
s.
7 ©7
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91
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“
85,6-815,*
85,6^815,*
23
30
Feb. 6
5
8~ia® OLa 5
5
83s ® S
“
“
New Orleans
week ending
to all Europe
13
20 8*4 '®878
5
5
5
5
5
we
d.
d.
d.
0
8H lbs.
Shirtings.
fl.
513,6 83s a 87s 5
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Prosperous Cotton
Journal
d
0
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32* Cop.
Iwisi.
6
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5
d.
s.
0.
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5ha©6 ll1^
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Mills.—From the Lewiston (Maine)
take the following :
.
!
.
'
•
re-arranged
“The cotton mills of Biddeford. and Saco have been unusually suc¬
cessful the past year. The Peppered corporation has paid 12 per cent,
the Laconia 6 per cent, and the York 5 per cent; The management
state that the mills have actually earned these dividends, and their sur¬
ports other than Bombay, cargoes which proved only to be
shipments from one India port to another. The plan now
followed relieves us from the danger of this inaccuracy and
plus funds have not been touched. The Peppered ispne of the richest
cotton corporations in the country.
With a capital of $1,200,000 it lia3
a surplus of $1,200,003—enough to build a big mill.' The par value of
is
its stock
$300 a share, and it is quoied to-day at a Tittle rising $1,000.
It has been up to $1,30j. The Peppered mills are the largest in Maine.
They have 100,000 spindles, which cat up 35 to 50 bales of cotton a •<
India
Cotton
Movement
from
all
Ports.
—
We have
our India service so as to make our reports more
detailed and at the same time more accurate. We had found
it impossible to keep out of our figures, as cabled to us for the
THE CHRONICLE.
246
week.
When the plant which is now The Pepperell was first started it
proved a failure, and was knocked down at half price to the present
[Vol. XL.
This statement shows that the receipts
since Sept. 1 up to
to-night are now 100,815 bales more than they were to the same
day of the month in 1884 and 357,967 bales less than they were
to the same day of the month in 1883. We add to the table
Laconia No. 1 mill was built in 1845. and some of tlife wooden looms
the percentages of total port receipts which had been received
built at that time are now running in the mill.
The Laconia has a capital of an even $1,000,000, and a surplus of to February 30 in each of the years named.
corporation, which has grown rich out of the trade. The Laconia mill
Is intimately coni eotea with the Pepperell corporation and they are
both under one agent, but the Laconia is the older of the two. The
“
$4,000
$5,000.
par value of its stock is $400 a share, and is
are 75,000 spindles in the building, and they
'employ 1,600 people. The Pepperell and Laconia run on white goods of
a wide range of quality, from very light cheese cloth to very heavy drill.
The Laconia also makes cotton flannels, and is the only mill in Maine
or
The
Quoted at $430. There
.
making them. The Pepperell and Laconia turn out about 14,000,000
pounds of cottons annually. Fifty per cent of This product is sold in
the Chinese and East Indian markets, and there is where they make
their money. Their gords hare such a foothold ia those markets that
they ai© beyond competition and enjoy the advantage of commanding a
quarter of a cent above the market. The recent war in China interfered
with the demand considerably for a time. Taere is quite a movement
in those goods to South America, too. Mayor Grace of New York
recently made a heavy speculation in Biddeford cottons for shipment to
til© South American market. The York, situated in Saco, is the oldest
<0011011 factory now running in the State. It started in 1831. The York
is believed to bo the oldest mill making colored cottons in the country.
It has a capital of $903,000, and the par value of its stock is $750 a
©hare, Saies have been made recently at $821. The York has a surplus
of $400,000 or $500,000. It has 4,‘iOO spindles, and employs 1,400 peo¬
ple. The production of the York mills is 4,‘>00,000 pounds of fabrics a
year, or about 12,000,000 yards. The mills run on ginghams, dress
goods, denims, ticking and colored goods similar to those made by the
Bates mill at Lewiston.
“
The total annual production of the three corporations in Biddeford
and Saco is 18,OOo.OtO pounds of cotton fabrics of various kinds.
This
is about oO.OuO.OeO yards. The mills keep 5,0.)0 people busy. The
Saco Kiver has all it can do and a little more to drive ail this business.
The mills have to use auxiliary steam power.”
Bad Outlook
for
Cotton Mills.—Under the above head¬
ing the New York Times of the 16th
the following
gave
:
Fall Rive it, Mass.—Cotton and cloth are the two principal markets
in which tlii- city is interested, and just at this time the quotations are
©canned with much anxiety. The staple trade has got into such a
wretched condition that it has become a mere question of endurance, in
which the ability of the mills to ke.-p running is quite as much tested as
is that of the working people to live on the wages which they receive,
and which are at the lowest notch.
Employers and employed are alike
suffering, and it is now generally admitted that the last cut down in
wages, like that of the preceding year, did not benefit the manufactur¬
er's, while it did still further impoverish the help.
Since the reduction
cloth prices have been on the down grade, and there is no better out¬
look for them. How lunch longer the manufacturers will bo abls to
stand this strain it is hard to say, but the end is not far off unless cofcron
■cheapens or cloth gets into more active demand. Tho operatives fully
realize the situation, and the agitation fur a strike has almost wholly
“
subsided.”
Comparative Port Receipts
Daily Crop Movement.
and
—A
comparison of the port movement by weeks is no!; accurate,
as the weeks in different years do not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relati ve
movement
for
the years named.
The movement since
September 1, 1884, and in previous years, has been as follows:
Jute
Butts, Bagging, &c.—The market for bagging has been
quiet for the past week, and buyers are not showing
any anxiety to make purchases to any extent.
There is little
doing in a large way, only jobbing orders being in market.
These take a moderate amount of stock out of market and help
to keep prices quite firm.
Sellers are not disposed to accept
les3 than quotations on the parcels moving, but a round parcel
could be had at less.
The market closes at 9c. for 1^£ lb.,
9b>c. for 1% lb., lO^c. for 3 lb. and 11c. for standard grades.
Butts show but little movement, though some business is being
done. There have been a few sales of paper grades at l^£c.,
about 2,000 baL-s being taken.
The market is firm, and there
is nothing offering below
for paper and 2%(&2%c. for
bagging qualities.
rather
Shipping News.—The
exports of cotton from the United
past week, as per latest mail returns, have reached
83,482 bales. So far as the Southern ports are concerned, these
are tho same exports reported by telegraph, and published in
States the
the Chronicle last
Friday.
With regard to New York we
to Thursday
include the manifests of all vessels cleared up
night of this week.
Total bales.
New York—To Liverpool,
Gqllia.
1,314
City of Berlin, 1,748
2,111
Helvetia, 2,073
per steamers
Germania,
Lake
Winnipeg, 1,135
8,381
To Havre, per steamer St. Laurent, 170
170
To Bremen, per steamers Ems, 994
Oder. 652
1,646
To Amsterdam, per steamer Schiedam, 1,017
1,017
To Antwerp, per steamer Noordtand, 789
789
To Genoa, per steamer Pen-y-ghent, 145
145
New Orleans—To Liverpool, per steamers Leonora, 5,950
Nieeto, 5,15'J
per ships Ateoma, 4.232
Charles, 5,118
Prince Louis, 2,420—per hark Enterprise, 900 ...
23,826
To Havre, per bark Miriam, 3,703
3.708
To Ghent, per bark Craigowl, 1,093....v
1,068
To Barcelona, per steamer Heruau Cortez, 3,200
per brig
Alina, 700
3,900
Mobile—To Liverpool, per barks Carrier Dove, 3,311....Robert
A. Chapman, 3,082
6,393
Charleston—To Liverpool, per bark Pohona, 2,531 Upland and
13 Sea Island.
2,544
To Barcelona, per barks Luigi Ruggiero, 1,546....Micliele
Picasso, 1,500
3,046
Savannah—To Liverpool, per ship Vauloo, 5,227 Upland
per
bark Betty, 1,998 Upland
7,225
Galveston—To Liverpool, per bark Frank. 1,020
1,020
Wilmington—To Liverpool, per bark Jafuhar, 1,733
1,733
..
—
To
Amsterdam,
per bark Speranza, 1,800
1,800
Liverpool, per steamer Plantain, 4,689...,per ship
Bertie Bigelow, 3,007
10,770
per hark John Gill, 3,074
Baltimore—To Liverpool, per steamer South Cambria, 203
203
To Bremen, pet si earner America, 1,803
1,303
Boston—To Liverpool, per steamers Ceplialouia, 1,039
Iowa,
871
1,960
To Annapolis and Digby, N. 3., per steamer Cleopatra, 50
50
Philadelphia—To Liverpool, per steamer British Prince, 230..
230
Norfolk—To
Tzar Beginning September 1.
Monthly
Receipts.
1881-85.
1883-84.
1832-33.
1981-82
1880-31.
i
1879-80.
■
345.443
343.812
326,656
.090,385 1,046.032
980,584
Bfovemb’r 1,122,164 1,030,33O 1,094,697
December 1, lOt, 211 1,059,653 1,112,536
437,729
475,757
752,827
January
Bept'mbh
October..
j
333,613
974,043 1.006,5011
838,192
942,272
1,020,80”!
956,464
571,701:
647,140
The
4,025,300'3,768,011
form,
429.777
l
853,195
996,8 )7
487,727
.
Total year 4 137,962 3,937,666 4,267,330
3,741,549
455,47?:
963,318 j
...
83,432
Total
particulars of these shipments, arranged in our
A
'
Perc'tage of tot. port
receipts Jan. 31..
,
81 83
70*89
79-27
1
63*53
This statement shows that up to Jan. 31 the receipts at the
ports .this year were 170,393 bales more than in 1883-84 and
139,338 bales less than at the same time in 1883-83. By adding
to the above
totals to
January 31 the daily receipts sincu
shall be able to reach au exact comparison of
that time, we
the movement for the different years:
1884-85.
1883-54.
Tot. Jn.31 4,137,962 3,967,666
Feb. 1....
S.
13,650
1832-83.
1881-32.
1880-81
21,924
12 532
22.962
8.
22,580
2....
10,449
14,678
3....
15,848
14,439
9,087
8.
30,723
20,977
11,049
22,34'-.
18,075
21,769
19,670
8.
10,039
27,938
16.604
33,832
26,666
18,808
23,038
«
“
5....
6....
28.942
18,847
17,453
1979-80.
4,267,300 3,741,549 4,025,800 3,769,011
“
4...
26,031
8.
15,582
21,929
20,763
11.289
23,455
S.
S.
24,223
“
9....
14.972
17,925
u
10....
10,601
8.348
11,257
8.
40,557
18,730
14,970
12,207
13,350
19,496
19,319
8.
10,622
27,674
13.790
25,147
8.
29,688
34,438
12,915
18,057
17,632
10,975
26,599
15,440
8.
25,523
15,754
26,158
23,150
10,750
28.391
21,200
10,070
8.
18,579
23,239
18,058
39,774
14.386
11....
*
12...
“
13....
"
14....
14,581
9,184
“
15....
8.
"
16....
13,415
*
17....
«
18....
44
19....
*
20....
Total
.
20,967
*
31,304
8 523
10.82S
8.
5,490
10,397
8.
7,lh3
10,937
27,754
8.
17,936
21,994
8,027
20.859
12,725
8.
16,663
10,529
20,037
4,339,722 4,238,907 4,697,689 3,967,780 4,414,742 4,098,825
Percentage of total
$ort reo’pts Feb. 20
18,721
9,647
9,389
16,183
8,707
17,131
87-39
78*04
83-85
75-15)
1,306
1,033
145
32.502
3,900
6,393
5.590
7,225
1,020
3,538
10,770
2.006.
3,016
1,800
203
1,303
2a0
61.340
2,010
50
1,960
we
Total.
12.148
......
230
*
3,378
3,449
4,674
6,916
143
83,482
50
add the clearances this week of vessels carrying
cotton from United States porta,
bringing
our
data down to
Galveston—For Liverpool—Feb. 16—Bark Tliora, 2,173.
New Orleans—For Liverpool—Feb. 14—Steamer Counsellor, 4,310....
Feb. 16—Steamer Chancellor, 3,748.
8.
16,697
17,049
Total..
1,646
1,738
10,770
Philadelp’a
Below
Annap-
the latest dates:
8.862
*
Wilmington
ms'dam,
Bre- Antwerp Barceoils <fi
men. <£• Ghent. Iona. Genoa. JDigby.
20,334
15,208
7...
8....
«
New York.
8,331.
170
N. Orleans. 23,826 3,708
Mobile
6,393
Charleston.
2,544
Savannah..
7,225
Galveston.
1,020
Norfolk....
Baltimore..
Boston
“
“
Livervnol. Havre,
75 34
usua
follows:
are as
81*97
For Bremen—Feb. 14—Steamer Irthington, 4,312.
For Vera Cruz—Feb. 16—Steamer Estaban de Antunano, 170.
Mobile—For Liverpool—Feb. 18—Bark Maiden City, 2,625
Feb. 9—
Ship Julia, 3.419.
Savannah—For Barcelona—Feb. 14—3teamer Connaught, 2,910.
Charleston—For Liverpool—Feb. 11—Bark Wayfarer, 2,130.
For Autwerp—Fob. 14—Steamer Canoubury, 4,080.
For Palma de Majorca-Feb. 16—Bark Paquette do Yendrell, 180.
West Point—For Liverpool—Feb. 12—Skip Macauley, —
.
Boston—For Liverpool—Feb. 12—Steamer Kansas, 759....Feb. 14—
Steamer Iberian, 8L0.
Baltimore—For Liverpool—Feb. 10—Steamer Barrowmore, 698—
Feb. 16-Steamer Mentmore, 500....Feb. 18—SteamerThanemore,
give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.:
Below
we
Benwell Tower, steamer (Br.), from Baltimore for Liverpool, waa'
abandoned January 29, in a sinking oondition. The crew wa«
saved by steamer Gladiolus, from Shields for New York. The cargo
of the Benwell Tower inoluded 75,973 bushels of wheat 1,908 bale#
of COttOD,
Sic.
.
THE
F^beuaby 21, 1885.]
CHRONICLE.
Galveston, December 19, for Liverpool,
Observant, bark (Nor.), from
abandoned, no date, in lat. 43 N., Ion. 55 W.
AIL hands
saved by ship Constance (Br.), Andrews, from New York, and
landed at Liverpool February 12.
SENNETTand Walter Bailey, lighters, lying at the new Pier 46, North
River, discharging cargoes of cotton destined for the steamer Lake
Huron, of the Beaver Line, that lies loading for Liverpool on the
opposite aide of the pier, were on fire February 17. Tne Sennett
had on board 600 bales shipped by the Charleston Line of steamers
for consignees in the South, the Walter Bailey 1,002 bales that
came by the Morgan Line.
All were badly damaged.
Ida Darragh and City of Helena, steamboats, plying on the Missiseipi and Arkansas rivers, were destroyed by lire at Memphis,
February IS. The tire was discovered about 4 P. M. among some
cotton on board the steamer Ida Darragh. lying alongside of the
wharf boat of the Memphis Arkansas City Vicksburg & Arkansas
River Packet Company. Every effort wa9 made to extinguish the
flames, but without success, and they soon enveloped the steamer
Wednes., Feb
18.
.
Thors., Feb. 19.
Frl.« Feb. 20.
was
and were communicated to the wharf boat. The Anchor Line
steamer City of Helena, which was lying at the foot of the wharf
Open High Low. doe.
d.
Open High Low. Cloe. Open High Low. doe.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
February... 5 80
5 02
5 60
5 02
5 02
5 03
6 02
563
8 00
6 01
8 00
0 01
Feb.-March. 5 60
March-Apr. 5 63
5 02
500
5 02
5 02
5 03
5 02
503
000
601
600
001
8 01
563
0 01
0 01
0 02
0 01
6 02
8 02
6 03
002
003
6 04
0 05
001
6 05
6 05
0 03
6 05
0 00
0 00
0 07
006
0
8 0S
6 09
OOS
6 00
8 09
8 10
6 09
0 10
610
6 11
010
011
June-July.. 0 11
0 12
6 11
0 12
6 12
013
6 12
6 13
6 14
6 14
614
614
July-Aug... 014
Aug.-Sept... 0 18
0 10
0 14
6 10
0 10
0 17
0 16
017
8 17
0 18
0 17
6 18
019
6 IS
619
6 19
6 20
019
8 20
0 20
0 21
0 20
0 21
April-May..
May-June..
8ept.-0ct...
•
•
•
•
.
.
•
•
Oct.-Nov....
Nov.-Dee...
• • •
Dec.-Jan
....
...
•
....
....
....
....
....
....
•
•
•
•
...
.
.
.
.
....
...
....
....
•
.
•
•
arrived from the Arkansas River with 219 bales of cotton, &c.,
which were lost. Insured in local companies. The City of Helena
was owned by the Anchor Line Company of Bt. Louis, and was
valued at $60,000. She was uninsured. Iler cargo consisted of
150 bales of cotton, Ac.
The flour market has been
*8 0934*
Liverpool, steam d.
Fri.
Wednes.
Thurs.
!8 0)9^4*
*83>9d4*
*8 0^34*
18 396.1*
18©984*
....
....
....
....
sail., .d.
Do
Havre, steam—c. 316-n32* 516"1732* 316“l132 ^ 516-ll32* 516_1132* 516*1132!
Do
sail
c.
Do
sail
c.
....
a.^
....
716*
71Q'
7lb‘
•••
....
....
....
....
510*
516*
51«*
516*
B10A
&16*
....
...n
....
....
.
sail—c.
...
716*
...»
Hamburg, steam.c.
Do
....
718*
....
716*
Bremen, steam..c.
•
sail.-.e.
....
Reval, steam—d.
Do
sail
c.
Barcelona,steam.c.
Genoa, steam—c.
Trieste, steam...c.
Antwerp, steam..c.
*
Compressed.
.
....
...
....
....
Amst’d’m, steam.c. 45 2501 45®501 452>501 452501 43 0501
Do
45250!
....
....
....
142932* ]42’9324
142,932*
142032*
142032*
....
....
....
....
....
....
932V
9;52*
932A
°32*
932*
932*
Lj*
*2*
*0*
lj$*
V
V
q**
Ifl*
V
.
V
V
V
18®9tj4
l8®961* l8®904*
t Per 100 lbs.
Liverpool.—By cable from Liverpool, we have the following
statement of the week’s sales, stocks, &o., at that port.
We
add previous weeks for comparison.
Feb. 6.
Jan. 30.
Sales of the week
bales.
Of which exporters took
Of which speculators took..
Sales American
Actual export
Forwarded
Total stock—Estimated
Of which Americau—Estim’d
Total import of the week
Of which American
Amount afloat
Of which American
Feb. 20.
Feb. 13.
51,000
3,000
6,000
35,000
44,000
38,000
3,000
4.000
4.000
3,000
4,000
4,000
29,000
37,000
20,000
823,000
599,000
153,000
111,000
324,000
300,000
860,000
043,000
115,000
95,000
299,000
270,000
23,000
10,000
26,000
901,000
687,000
106,000
87,000
280,000
248,000
37,000
6,000
3,000
23,000
5,000
tures, in the past week.
921,000
707.000
73,00 )
51,OfiO
262,000
234,000
Liverpool market for spots and futures each
day of the week ending Feb. 20, and the daily closing prices
of spot cotton, have been as follows:
Market,
12:30
Mid.
)
t.m.$
5,000
....
700
4Bpec.&exp.
In
buyers’
favor.
6
6
Upl’ds
Mid. OiTns.
Sales
Dull.
Steady.
Tuesday.
Wednes.
Thursday.
Friday.
More
demand.
Steady.
Firm.
6
6
6
04e
9*16
6»i«
6,000
1,500
8.000
1,000
7,0 X)
7.010
1,000
1,000
There ha3 been little
Market,
12:30
t.m.J
Market, l
5
p. 11.
\
Quiet.
vance.
Steady.
Quiet but
Quiet
steady at
and
1-64 dec.
steady.
Dull.
Firm.
Steady.
Quiet
Dull.
und
steady.
Barely
Very
steady.
steady.
The
opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
The pruts art given in pence
5 62-6-ld., amt 6 03 means 6 3-64<2.
8st« Feb. 14.
61th3, thus:
and
Mon., Feb. 16.
Open High Low. Cloe. Open High Low. Cloe.
5 62 means
Tun., Feb. 17.
Open High Low. Cloe.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
February... 5 02
5 62
5 02
5 62
5 62
5 62
5 01
5 01
500
5 60
5 00
5 60
F#b.-March. 502
March-Apr. 6 01
5 62
502
5 02
5 63
5 02
5 01
5 01
5 60
5 00
5 00
560
0 01
6 01
6 01
000
6 00
6 00
0 03
563
6 03
5 03
5 63
April-May..
005
005
005
0 05
004
6 04
004
604
003
6 03
6 03
0 03
May-June..
009
009
609
009
608
008
008
0 08
0 07
0 07
007
0 07
June-July.. 8 13
July-Aug... 016
Aug.-Sept... 619
Sept.-Oct...
0 18
613
613
6 12
812
0 ll
0 11
610
0 10
010
610
0 10
018
010
615
015
0 16
015
014
0 14
6 14
0 19
619
0 10
018
018
818
8 18
017
0 17
017
0 14
017
d,
....
O^fc-Nov..
» •
• •
Nor .-Dec...
....1
Deer.-Jan....
0 •
•
....
....
....
....
....
....
....
....
....
....
•
....
....
....
....
....
••
....
•
....
....
e # •
d
....
....
e • • •
• • • •
....
• e •
....
....
....
• • • •
•••
Ml.
•
•
*
•
•
•
•
•
a
•
a
•
•
•
....
.
•
....
•
•
•
....
....
.
....
....
•
•
•
a
•
.
s
....
....
....
dull, without conspicuous fea¬
prices have been towards lower figures, especially for the poorer
grades of Western. City mill brands have been in demand at
full
Rye flour and
prices.
and in buckwheat flour
The
in
a
corn
meal have ruled rather firmer,
considerable advance is reported.
speculation in wheat has been sluggish, and the changes
prices from the close of last Friday
unimportant. Still
the feeling has been one of steadiness, if not absolute strength.
The lower rates of ocean freights and the relative dear¬
ness
are
grains have seemed to favor the export demand.
of other
The
milling demand has continued good, although the ice in
the
harbor
made
has
deliveries
difficult
and
expensive.
Foreign accounts have been without feature,and Western mar¬
kets have been fluctuating. To-day there was no important
The spot demand was mainly for milling, and the
change.
speculation without feature.
DAILY CLOSING TRICES OF NO.
Tn elevator
February delivery
March delivery
April delivery
*.
May delivery
June delivery
2 RED WINTER WHEAT.
Mon.
92*4
Sat.
89*t
904
91 7q
90*4
92*8
93*8
94 ^
Tues.
92*8
Wed..
92*4
90*4
90**
9218
92^
94
94
91
93
93
9318
93
....
Indian
corn
has been wanted for immediate
that
on
seemed
Thurs.
9 2 ha
9113
92 q
94*8
....
so scarce
90 hj
9078
Fri.
92 Wj
90k,
9 91*2
9L78
9u*8
94 \
shipment, and
Wednesday a ‘'corner” on February contracts
probable, the price of No. 2 mixed rising to o4!£c.; but
The later deliveries have taken
a
stronger turn, and at times the speculation has been quite
To-day there was an early advance, with sales of No.
53%c.; but at the close most of the improve¬
brisk.
ment
was
lost.
DAILY CLOSING
•
TRICES OF NO. 2 MIXED CORN.
»S>ar.
February
{
a
.
speculative feeling, and the changes in
In elevator
Futures.
Dull at
1-04 ad¬
....
•
2 in elevator at
6
0li6
7,000
1,000
•
The interruptions to transportation
it fell to 53c. at the close.
Saturday Monday.
•
by storms and ice have retarded supplies,and also limited the de¬
mand; so these two influences have counterbalanced each other.
21,000
The tone of the
Spot.
....
....
Friday, P. M„ February 20, 1885.
Tues.
Mon.
....
BREADSTUFFS.
freights the past week have been as follows:
Satur.
....
....
The Ida Darragh had just
boat, was also ignited and burned.
Cotton
.
....
....
....
d.
March
delivery....
delivery
April delivery
May delivery
June delivery
July delivery...
....
Mon.
Tues.
Wed.
Thurs.
Fri.
51 Lj
5'A*
52*2
53:1*
53'a
53*8
5lhj
52
52^8
504
49*8
49L>
497s
4378
483*
49Lj
4 )
493*
49Lj
53
504
4978
49f5a
49^
53
49**
53jb
501*
493*
49Lj
49-%
50**
493*
49Lj
493a
49^
Rye has been taken more freely for export to Antwerp at
Western, and there is more inquiry at the close. Bar¬
ley has been quiet. The stock is much reduced and holders are
geuerally firm, but there is some irregularity. Barley malt
has met with a good demand, and is quoted at 62@80c. for
Western, 70(3) 83c, for State and 93c.@$l for Canada.
Oats have continued to sell very freely for the London mar¬
ket, and prices for prompt delivery advanced lc. a bushel,
especially for mixed, which seemed to be the sort wanted.
Speculation also revived, having relapsed into dulness, but
options for the later months advanced only a fraction. To¬
day the export demand continued, and there was a further
advance for prompt delivery, with generally a firmer tone.
The closing prices of futures were for No. 2, 38%c. for Febru¬
ary, 373^c. for March, 37c. for April and 36/gc. for May.
The following statement, prepared by the Bureau of Statis¬
tics, will show the exports of domestic breadstuffs from the
undermentioned customs districts, during the month of Jan.
1885, and for the seven months ended the same, as compared
with the corresponding periods of the previous year:
70c. for
THE CHRONICLE.
248
.
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Milwau-
kee.
Bushels
Value
.$
Indian corn—
Bushels
Value
.$
Indian corn meal—
Barrels
Value
.$
Oats—
Bushels
Value
.$
Wheat Bushels
Value.
$
Wheat HourBarrels
Value
Total values—
New
Ss
©o©© j ;;;;;©;;
:•!••• ©* •
are
44,035
38,405
Same wk. ’83
190,773
900,283
2,2)7,372
5,943,692 81,227,085 55,040.598 35,910,337 12,371,185
5.445,902 £55,686.250 08.664,545 37,856.088 13,594,738
5.794.123 57,512.972 47.672.S76 30,135,861 11,063,205
3,653,434
show
b;
1884-5.
1883-4.
1882-3.
1381-2.
1,682,991
1,233,065
1,569,271
1,129,322
2,942,096
13,733.333
4,637,960
2,367,842
3,026,899
10,379.079
4,208.011
11,679,957
2,689,467
10,831,562
4,945,792
1,016,239
284,123
1,131,324
349,084
22,613,751
18,438,343
bbls.
busli
the rail
are
256,245
967.615
347,235
21.374,522
19,772,671
shipments from Western lake and river
1884.
1883.
1882.
Feb. 14
Week
Feb. 16.
Week
Feb. 17.
Week
Feb. 18.
183,286
152,660
174,896
155.597
292,241
1,749,038
508,346
172,017
1,499,357
406.365
131.401
1,803,417
1,473.720
631,027
103,373
725,181
328.470
27,578
21,295
476,501
85,802
46,018
2,413,352
3,237,728
2,213,472
1885.
Week
;
©
35-
©
:
;•••••
*4
:::::©»•;
to1
©i;
•
—
x
•
:
;
X
20
©
©
Rich-
2,632,954
shipments from same ports for last four
York.
town.
257,732
135,834
Wheat,
Barlty,
Oats,
Corn,
hush.
bush.
279,148
372,898
133,518
99,766
349,S26
926,444
881,689
720,732
33,183
6,715
122,556
34,588
868,601 308,655
664,277
67,730
2,727,921 996,538
3,170,519 665,603
closing quotations
:
FLOUR.
3 80 ® 4 80
3
5
5
4
4
35
25
85
75
65
Fiue
Com meal—
Western, &o
Brandywine. <feo
Buckwheat flour per
100 lbs.
2 40®
2 90
3 00®
3 25
3 30
-
...®
2 50®
2 65
busr.
105.650
27,676
292,244
2,104.012
547,986
434.25S
52.366
420,317
443,675
9)9.600
729,035
586,119
179,537
Jan.31,’85 196,414
Jan.24,’85 138,919
2,263,458
2,045,805
1,149,196
149,927
93,459
33,896
15,054
7,962,171 2,771,769
5,799,173 2,382,676
523,564
Tot.,4 W.. 764,995 1,590,994
4w’ks'94.. 586,520
940,167
The receipts of flour and gram at
week ended Feb. 14 follow:
Corn,
bush.
bush.
162,225
24,050
38,750
1,330
70,200
9 LI, 052
75,649
3,302
Portland
Montreal
11,310
Philadelphia...
31,193
43,858
227,164
282.200
10,000
1,950
170,800
847,432
bush
busn.
399.950 113,625
52,875
18,563
4,600
129,000
14,300
Rye
bush.
7,700
1,000
23,017
550
2,000
51,600
3,600
6,363
14.300
14,248
Newp’t News..
4.9S0
513,400
Total week... 290,605
Cor. week’84
188,612
523,719 2,751,0.32
171,720
872,662
New Orleans...
.
33,287
6,52,575 181,525
305,588 229,725
42,230
29,445
receipts at the same ports for the period from Dec
The total
Wheat
Corn.
Oats.
156,693
Barley,
Oats,
Wheat,
bbls.
120,313
...
129,992
561.054
the seaboard ports for the
Flour,
1884-5.
26,810
133,518
Rye,
bush.
bush.
7,’85 236:883
At—
New York
Cc
Willa¬
mette.
.
105,650
* 27,676
ft
o*
mond.
bush.
Flour
32,777
3 50®
4,587,856
1,823,571
24, 1884, to Feb. 14, 1885, compare as follows
38,048
5,736,150
2,925,355
Felr.14,’85 192,780
Feb.
•
it*
xbt^q —
48,010
78,896
Feb. 14, 1885, inclusive, for four
follows:
as
were:
Week
Flour,
ending—
bbls.
$ bbl. $2 25® 2 75 i Southern bakers’ and
Supertine
2 70® 3 05
family brands
u 75® 5 50
Spring wheat extras. 3 00® 3 35 Rye tiour, superflne.. 3 60® 3 85
extras..
6,500
weeks
O
Fine
com.
4,200
374,546
403.102
Total.
cs;
03 If* X -0
249,532
3 25®
69,905
246.863
The rail and lake
b
1— X ©I —
475
4 40®
4 65®
145,750
Rye
to —
2,300
3 10?*
5.600
921,261
885,764
1,949,706
1,723,629
bush.
4,801,027
16,082,451
3,895,667
1,128,346
162,621
2,672.909
6,88 7,223
Rye...
2,335,836
1.074,375
253,874
j
for four years:
1882-3.
-1881-2.
2,402,179
1.619,063
7.533,934
4,954,673
5,815,417
1883-4.
bbls.
Barley
11,320,499
3,000,28 3
563,077
140,659
3,365,962
829,987
83.337
14,919,436
13,224,217
22,559,451
26,070,112
the
seaboard
several
for
the week
ports
exports from
ending Feb. 14, 188 are shown in the annexed statement:
Total grain
...
The
,
Exports
from —
Wheat.
New York
Boston.
Portland.
Montreal.
Philadel..
Balt ini’re
N. Orl’ns.
N. News.
Total w’k.
S’me time
1884.
.
*
Flour.
Oats.
Rye.
Peas.
Bush.
Bbls.
Bush.
Bush.
Bush.
79,573
43.000
167,027
291,769
....
Oorn.
852,615
134,525
28,663
41,450
..
Minn, clear and stra’t.
Winter shipp’g extras.
Winter XX & XXX..
Patents
City shipping ex
9,350
......
832.825
Bush.
following
500
49,800
5,800
1,261
1,923,778
Barley
a
If- © 1-1-
7 months—
88,300
501,380
61,093
2,418,524
Oats
1,022,368 158,083
746,045 138,233
6,134
21,900
s
22,845
910,168
419,133
s
©
b
.
6,200
123,400
S2.536
b
616,000
10,692
Jan.,’84$
433,5 10
130 551
Wheat..
Corn....
3,900
Jan,’85$
Bush.32 lbs 1 BushA8IbuiB'dih.W l
y>
b
Portland «£•
.
Rye.
Barley.
577,010
Flour.... ,...........bbla.
1,150
.
Oats.
150,552
ports for four years:
.
.
72
Tot. wk. ’85
Below
ns
©
*1
Haven. Falmouth.
.
63
®
Same wk. ‘81
Total grain
©X©©
25,740
18,924
®
68
68,000
Barley
Rye
*
Included in the foregoing totals are the reports from Milwaukee,
New Haven, Portland and Falmouth, Richmond, Willamette and Yorktown, the details for January, 1885, being as follows:
Barley—
State, two-rowed.... 61
State, six-rowed
4,109
3,000
675
Wheat
Corn
Oats...
© © if* 03
w-©©r©
| © W©'W
I © © -q ©
*
92
82
16,000
71,014
Flour
b
w
:
WOI-©
sc
Barley—No. 1 Canada. 88
No. 2 Canada
80
12,690
65
©©w—
©t©UO —
r*>
40
®
»
®
32,900
vears,
wto
c*^
O*
—CO
—
ro
■
Xto —X
10 QD ©i ©i © tO tO © 00
if*
“ O ©' 05 w ©»
05
05 © W :ti — —
39*a®
No. 2 white
Buckwheat
81,517
ports from Dec. 22, 1884, to
it*i-*w^)Xon
W
©to If-©
S «
© a
SS1"
102,763
©
:
©i© ——
©1X03©
-
42
38*4®
87.500
b
^©oc
—
g
®
b
i—
:
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WlC*©1©© y-
70
74
40
977,5S8
6,240
b
© — Oi W ©i
^
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WH'JIM
© ©I © — :
'i
®
Corn.
q
© •*! — tO
to © to m to
tU
CO©
®
72
38
39
202,611
163,589
1G0.338
63,978
Duluth
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1882-3
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1884-5
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1—to
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—
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©q-q ©; ©^ao©©<T
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Milwaukee..
Detroit
■
b-4
MOO.
COCO
rf*
It* © C5 w © to © ©I © CO
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© © to to
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cn
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•
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6,347
1,940
1,611
3,118
'24,008
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to w ©t oo
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to©©©
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68
State
Oats—Mixed
White
No. 2 mixed
lbs1 Busk.56 Vos
BbU.imb9 Bush.Q 0
a
:
©>:
•
to to
X © to 05
r-1 •
Or-1 be CO
it*- »1 31 to
© ©©i —
:
:
*
•
St. Louis
toiM
©©w>—
:
1
•
o
^* it* © w
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.
b
•
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Wheat.
Flour.
litceipts at—
©
©1*1 —-t
.
tOC5WC5
£-05©©
1—I** WW
•
b
•f* Oif* o.
0 05 — 0 s
oo
to © ^ to
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•
•
to to
*-'<!©><*
.
1
'
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Q5«*IO©
©
05 WOO —
111
•
M
O* I-* CJ* C
o*©oio :
•
93
®1 00
®
97
52 ® 55
53 x4 i
55
56 ® 60
65
60
®
53 ® 55
91
80
83
Rye—Western
The movement of breadstuff8 to market is indicated in the
statements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the compara¬
tive movement for the week ending Feb. 14 and since Aug. i
for each of the last three years:
xx;
00 X
00 GO
n
Red winter
White
Com—West, mixed
West. mix. No. 2.
West, white
White Southern..
Yellow Southern.
p
g®
MM
®l 01
82
Spring, per bosh.
Spring No. 2.....
Red winter, No. 2
.V,J^
os
at at
gS; fo:
w
^p c+^
u2§
-
Wheat-
o
BBpp
•
© © QDGD
E3 q oooo
£.£.££
© © ®
•
HH
g p© ®
e+ rr+
!
a> at
•
GRAIN.
HHHH
HHHH
O O-
[Vol. XL.
655,764
145,103
71,734
41,785
2,802
37,615
18,096
2,226
IS.,563
23,017
71,G69
8,200
33,940
......
.
606,464 1,776,055
158,181
56,178
775.072
138.610
1 ,n8 ’
j
525,598
41,113
124103
73,895
1,
65
February
The destination of these exports is as below.
year for comparison:
We add the
corresponding period of last
Exports
Week,
Felh 14.
Week,
Feb. 14.
Bbls.
Bush.
125,963
96,341
2,453
15,767
13,823
8,089
324.411
342,023
7,927
15.467
4,819
4,340
1,552
50
158,481
138,610
Bbls.
Un.King.
1885.
1884.
Week,
Feb. 16.
1885.
to-
Contin’nt
S.&C.Am
W. Indies
Brit, col’s
Otli.c’n’ts
Total...
Oom.
Wheat.
Flour.
for week
1881.
Week.
Feb. 16.
Feb. 14.
buyers.
Print
29.818
9,841
89,987
Monday..
Tuesday.
1S83-4.
1884-5.
Aug. 25 to Aug. 27 to
Aug. 27 to
Aug. 25 to
Aug. 27 to
Feb. 14.
Feb. 10.
Feb. 14.
Feb. 10.
Feb. 14.
Feb. 10.
Bbls.
Bbls.
Bit' li.
Bush.
Bush.
Bush.
{Jn. Kingdom
Continent...
2,983,472
230,830
2,089,401
15.754.999
205.99s
14,741.120
S &C. Am...
387.592
43,204
West Indies.
405.267
310,709
403,237
Brit. Col’nies
323,037
10,111
323,349
17,249
Oth. oountr’s
1883-4.
1884-5.
1888-4.
Wed’day.
140
13,743.907 14.225,340 14,667,930
8,700,^51
3,300,951
4,182,019
831
633,702
861,800
215,478
190,789
20,078
91,420
8,010
41,083
110,925
5,577
62,033
Thursday
Friday....
Total..
Jan lurry.
j
j
j
j
j
j
Tone.
Price.
Tone.
Dull.
315
Quiet.
3*15
Dull.
Price
day, 3-15
....
Price
...
....
Sales
....
....
Price
Price
Sales
Total.
....
Sales
....
■
Dull.
3-15
Dull.
3-15
Dull.
.
....
Price
....
Sales
...
Price
Quiet.
3-15
..
Sales
Quiet.
3-15
Dull.
Price
Quiet.
....
Sales
....
Price
Quiet.
Price
..
....
Price
Sales
.
Sties
Price
Sales
Price
....
Price
....
Sales
....
....
Sales
....
....
....
Price
..
Sales
....
Price
....
Sales
Price
Sales
Sales
...
....
....
1
..
;
....
Saies
Price
Sales
....
Price
Quiet.
March.
February.
....
Sa ies
Transferable Notices—Saturday, 3‘ 20;
Thursday, 3’15
;
Monday, 31.); Tuesday, 3 li; Wedues
Friday, 3*15.
Domestic Woolen Goods.—The situation in
‘
18,278
Futures.
Spots.
EXCHANGE
775.072
Corn.
Wheat.
of the
course
SALES OP FUTURES.
MARKET.
season:
Flour.
following shows the
COTTOX
Saturday,
By adding this week's movement to our previous totals vv e
following statement of exports this season and last
Cloths.—The
during the week:
8,434
4,500
904
525,598 1,776,055
market
Feb 16.
Bush.
434.822
237,329
—
066,164
Week.
Bush.
Bush.
316.242 1,169,747
209,356 56 =>,7 40
30
56x603, at which figures there were more sellers thin
Prints, ginghams, lawns and printed and woven
wash fabrics were in lessened demand, but a fair business
was done in yarn-dyed cotton dress goods.
cent for
1884.
1885
Week,
have the
Exports sinct
L884-5.
Aug. 25, to— Aug. 25 to
249
THE CHRONICLE
21, 1885.]
the woolen
goods market has not materially changed. Spring clothing
woolens were in moderate request, but by no means active in
Total
3,949.993 30,557,807 22 551,914 19,022,958 20,130,184
4,352,359
The visible supply of grain, comprising the stocks m granary agents’ hands, and some fair-size i orders were placed for
Biavers and rough-faced
at the principal points of accumulation at lake and seaboard heavy woolens for future delivery.
overcoatings
were in fair request by clothiers, and considerable
ix>rts, and in transit by rail and water,Feb. 14, ’85, was as f ollows.
attention was bestowed upon certain makes of heavy worsted
Barley,
Wheat,
Corn,
Oats,
Rye
suitings, and fancy cassimeres by the same class of buyers. Sat¬
In store at—
bush.
bush.
bush.
bush.
bush.
inets were in irregular demand, and a small business was done
New York...
51,491 in
669,057
6,192,021
349,754 253,904
Kentucky jeans and doeskins. Cloakings were more sought
Do
afloat (est.)
173,994
42,000
121,679
11.700 for by early buyers, but transactions were relatively few, be¬
l.?00
125,000
Albany
44,000
7,000
Buffalo
5,000
345,000
22,000 cause some agents are not yet ready to show new styles for
1,699,000
114,268 the
Chicago
131,383
14,965,344 1,520,773 542,266
coming season. Jersey cloths continued in good demand,
Do
afloat
136.831
142,313
....
Newport News...
7,537
Milwaukee
Duluth
4.688,655
5,629.000
lul,000
2,959,624
Do afloat
Toledo
Detroit.
938.939
„
Oswego...
160,000
St. Louis
Kansas City
Baltimore
Down Mississippi.
On rail
Tot. Feb. 14,’85.
Tot. Feb. 7,’85.
Tot. Feb.16. ’34.
Tot. Feb. 17,’83.
Tot. Feb. 18, ’82.
1,566
6,903
221,^90
2,500
4,422
37.416
1,185
116,311
36,120
2.142
1,735
20.8,324
2,316
11,030
196,470
230.894
414.287
544,936
12.900
108,674
88,600
4,986
696,329
437,204
354,974
3,995
39,640
1,685,236
466,699
250,155
713,514
7,435
85,100
Indianapolis
58,824.
75,000
761,481
6,500
17,431
318,681
209,315
Peoria
17,830
12,100
60,497
98,822
7,229
38,000
29,500
41,710
Philadelphia
2,434
55,006
27,500
2,653,794
Cincinnati (B'eb.7)
Boston
Toronto (Feb. 7)..
Montreal
and there
41,395
658,182
43,374,903
43,535.936
97,172
1,650
6 500
16,500
.
•
•
•
22.662
7,200
529
543
Importations of Dry Goods.
54,450
16,506
6.474,121 2,674.633 1,624,330
7,339,582 3,001.126 1,666,924
484.433
importations of dry goods at this port for the week
ending Feb. 19, 1885, and since January 1, and the same facts
for the corresponding periods are as follows:
519.711
H3
£
o
P
g
TRADE.
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make liberal deliveries of the latter in execution of back
orders. Print cloths continued quiet and unchanged on the
basis of 3i£c. less 1 per cent for 64x64s, and 2%c. less 1 per
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The movement in
dry goods was comparatively light the
past week, owing mainly to severely cold weather, which
impeded travel and transportation in many sections of the
interior.
Jobbers have thus far been unable to dispose of
their early purchases, and there was consequently a meagre
demand for re-assortments at first hands, but commission
houses and importers continued to charge up, and make con.
siderable deliveries of certain spring and summer fabrics on
account of former transactions.
The local jobbing trade was
mostly quiet, but a good many retailers from remote parts of
the West and South have already appeared in the market
and a fair distribution of staple and department goods was
made to this class of buyers, by a few of the leading jobbers.
The protracted cold weather has enabled Western and
near-by retailers to place large quantities of heavy winter
goods in the channels of consumption within the past few
weeks, and a brisk jobbing trade in the near future is there¬
fore anticipated by the best posted merchants.
Domestic Cotton Goods.—The exports of domestic cotton
goods for the week aggregated 2,532 packages, including 1,02 >
to Great Britain, 845 to Chili, 190 to China, 168 to Brazil, 110
to U. S. of Colombia, and smaller parcels to other destina¬
tions. The tone of the market continued quiet, but agents’
prices were steadily maintained as a rule, and there was com¬
paratively little ‘'cutting'’ on the part of jobbers, though
some makes of brown goods were marketed
by the latter at
very low figures.
Bleached shirtings ruled quiet in first
hands, and there was a light and irregular movement in wide
sheetings. Colored cottons were mostly quiet, and there was
a less active demand for white goods, but agents continued to
h—'
p
P
©
Friday, P. M„ February 20, 1885.
S
©
P
o
GO
P*
GOODS
Ha
£
Ent’dforc Total mVrl Ent’dfor Total.
<rt
c+
ladies cloths and all-
The
c-t-
DRY
trade in tricots,
goods. Flannels and blankets were
in limited request and steady, and there was a slightly im¬
proved inquiry for carpets.
Foreign Dry Goods were only in moderate demand at first
hands, and the jobbing trade was light and irregular. British
and Continental dress goods continued in fair request, but
silks ruled quiet, aud a light business was done in men’s-wear
woolens.
Linens, white goods, laces and embroideries were
severally taken in small parcels to a fair amount, and there
was a steady movement in hosiery and fabric gloves, but kid
gloves remained quiet.
8,829
31.828,943 13,865,870 5,237,356 2,400,269 2,341 745
21,974,108 11,140,170 4,008,420 1,800,507 1,600.129
17,800,544 17,215,243 2,811,383 2,544,944 1,145,309
THE
fair
a
was
wool and worsted dress
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THE CHRONICLE.
25
[Vol. XL.
^uhlicatious.
Qvnst Qbamptmtes.United States Trust Co. STOCKS and BONDS
OF NEW TORE,
At Auction.
No. 49 WALL STREET.
The Undersigned hold REGULAR
BALES of all classes of
$2,000,000
3,541,608
Capital,
Surplus,
is
THE
a
receiver of estates.
INTEREST ALLOWED ON DEPOSIT8,
which may be made at any time, and withdrawn after
five days’ notice, and will be entitled to interest for
the whole time they may remain with the company.
Executors, administrators, or trustees of estates,
and females unaccustomed to the transaction of busl¬
ess, as well as religious and benevolent institutions,
will find this company a convenient depository for
money.
JOHN
.
A. STEWART, President.
WILLIAM IL MACY, Vice-President.
JAMES 8. CLARK, Second Vice-Pres’t
Dan. H. Arnold,
Thomas Slocomb,
Charles E. Bill,
Wilson G. Hunt,
Wm H. Macy,
Clinton Gilbert,
TRUSTEES:
James Low,
W. W. Phelps,
D. Willis James,
John J. Astor,
John A. Stewart,
S.M.Buckingham
H. E. Lawrence,
Daniel D. Lord,
George T. Adee, Isaac N. Phelps,
Erastus Corning,
Samuel Sloan,
S. B. Chittenden,
John H. Rhoades
Anson P. Stokes,
Robt. B. Minturn
Geo. II. Warren.
George Bliss,
BONDS
AND
STOCKS
legal depository for moneys paid
Into court, and is authorized to act as guardian or
This company
ON
WEDNESDAYS AND SATURDAYS,
7
No,
Brinckerhoff, Turner
& Co.,
•And all kinds of
CANVAS,
FELTING
DUCK, CAR
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, &C., “ONTARIO” SEAMLESS
BAGS, “AWNING STRIPES.
613 CHESTNUT STREET,
PHILADELPHIA.
611 AND
500,000
Company.
Burglar-Proof Safes to rent at $5 to $60 per annum.
Wills kept in Vaults without charge.
Bonds, stocks, and other valuables taken under
guarantee.
Paintings, Statuary, Bronzes, etc., kept in FireProof Vaults.
Money received on deposit at interest.
JAS. LONG, Pres’t. JOHN G. READING, V.-Pres’t'
MAHLON S. STOKES, Treasurer & Secretary.
D. R. PATTERSON, Trust Officer.
Directors.—James Long, Alfred 8. Gillett, Joseph
Wright, Dr. Charles P. Turner, William S. Price,
John T. Monroe, W. J. Nead, Thomas R. Patton, John
G. Reading, Jas. 8. Martin. D. Hayes Agnew, M. D.
Philadelphia; Samuel Riddle, Glen Riddle, Pa.;
Dr. George W. Reily, Harrisburg, Pa.; J. Simpson
Africa, Huntingdon ; Henry S. Eckert. Reading ;
Edmund S. Doty. Mifflintown ; W. W. H. Davis,
Doylestown ; R. E. Monaghan, West Chester ;
Ohas. W. Cooper, Allentown.
Brown, Wood & Kingman
SELLING AGENTS
Geo. H. Gil
FOR
Hfg. Co..
ert
Arlington Mills,
Freeman Mfg. Co.,
Renfrew Mfg. Co., James Phillips, Jr.
Fitchburg Worsted Co.,
George Whitney,
Continental Mills,
Lincoln Mills.
*35
&
Brooklyn Trust Co.
Bliss, Fabyan & Co.,
Philadelphia,
New York, Boston,
NEW YORK.
.
AGENTS FOR
Co., Atlantic Cotton Mills,
Chicopee Mfg. Co., Peabody Mills,
Saratoga Victory Mfg. Co.,
Ocean Mills
Ellerton New Mills, White Mfg. Co.,
Uiicasville Mfg. Co.,
Underwear and Hosiery Mills.
BAGGING.
the:
WARREN, JONES & ORATZ
Provident Life&TrustCo
ST.
Incorporated Third Mo., 22d, 1865.
(CHARTER PERPETUAL.)
CAPITAL
$1,000,000
LOUIS, Mo.
IRON
$14,583,444 83.
GRANT
COTTON
Bullard &
NEW
BAGGING
Production, Cousumption, Exports and Im
ports of Gold and Silver in the United
States and abroad.
Foreign ExchangeInvestments and
Speculation—
Compound Interest Table, Showing Accu¬
mulations of Money in a Series of Years
Table Showing the Rate Per Cent Realized
on Securities Purchased at different prices
(without regard to date of maturity.)
Stock
.
Speculation iu New York.
United States Debt and Securities—
Debt of the United States, 1791-1884.
Prices of U. S. Bonds, 1860-1684.
State Debts and Securities—
State Debts and Immunity from Prosecution
Prices of State Securities, 1860-1884.
Railroads
Railroad
Railroad
Prices of
The New
Prices of
and their Securities—
Statistics of the United States.
Earnings.
Railroad Bonds, 1880-1884.
York Stock Market, 1830-1884.
Railroad Stocks, 1860-1884.
Price ot the Review, bound In cloth,
-
82 00
00
10
To Chronicle Subscribers (one copy only) 1
-
-
WILLIAM B. DANA
-
-
William Street. New York.
||XisjCJcXIatxJC0tts.
LANE,
YORK.
AMO
IRON
TIES,
‘Nevins. 0,” “Union Star,” “Salem,” “Horicon Mills,
\Jersey Mills ” and “ Dover Mills.”
IMPORTERS OF IRON TIES
No Water.
USE
No Brush.
THE
New York Moist Letter
Copying Book
MANUFACTURED
Eugene
W.all St., New York.
Building,
CAPITAL, $1,000,000.
1855.
Successor to sears & COLE,
STATIONER AND PRINTER,
legal Depository by order of 8u. r
Supplies Banks, Bankers, Stock Brokers and Cor¬
preme Court. Receive deposits of money on interes,I v
act as fiscal or transfer agent, or trustee for corpora 1 porations with complete outfits of Account Books
and
tions and accept and execute any legal trusts frcm
Stationery.
fW New concerns organizing will have their or¬
pereons or corporations on as favorable terms as I
ders promptly executed.
Other similar companies.
Tirov a £ THLT HOUSE,
President.
I
No. 1
New York Stationery 6c
R. Cole,
a
1
A CO.,
PUBLISHERS,
TIES.
(for baling cotton.)
Agents for the following brands of Jute Bagging
“Kagle Mills,”“Brooklyn City,”“Georgla,’’“Carolina?
Metropolitan
Trust Co.,
35
1877.
Commercial Paper since
Wheeler,
119 MAIDEN
ESTABLISHED
FREDERIC D. TAPPEN. VIoe-PreEident
WALTER J. BR1TTIN, Secretary.
Bank Returns, &o.
Gold and Silver-
T9 6c 81
T. WIST A R BROWN. Vice-President.
ASA S. WING, Vice-President and Actuary.
Mills
year,
Postage (when sent by Mail)
OF
IMPORTERS
ANNUITIES, RE¬
DEPOSIT, returnable on de¬
mand, or on which interest is allowed, and are empow¬
ered bylaw to act as EXECUTORS, ADMINISTRA¬
TORS. TRUSTEES, GUARDIANS, ASSIGNEES,
COMMITTEES, RECEIVERS. AGENTS, etc., ior
the faithful performance of which their capital and
surplus fund furnish ample security.
All trust funds and Investments are kept separate
and apart from the assets of the company.
The income of parties residing abroad carefully
collected and duly remitted.
SAM’L It. SHIPLEY, President.
PAID UP
Designated as
Commerce, Trade
Balance, U. S. Exports and Imports of
Leading Articles.
Londou—Review of
Manufacturers’ Agents for the sale of Jute Bagging
PHILADELPHIA.
LIVES,
15 Ciiauncey Street,
BOSTON.
86 & 88 Franklin St.,
TRUSTEES:
Joslah O. Low,
E. F. Knowlton, H. E. Pierrepont,
Alex.M. White, John T. Martin, Henry K.Sheldon,
A* A. Low,
Wm. C. Kingsley. C. D. Wood,
Alex. McCue,
Fred. Cromwell, Wm. H. Male,
Mlch’l Chauncey.John P. Rolfe,
Henry Sanger
Wm. B. Kendall, E W. Corlles,
Ripley Ropes.
Jas. Ross Curran. Secretary.
CommercialUnited States—Foreign
Market and Prices in New York, 1870-1884.
SHEETINGS,
Joy, Lincoln & Motley,
find this Company a safe and convenient depository
for money.
RIPLEY ROPES. President.
EDMUND W. CORLIES, Vice-Pres’t.
Retrospect of 1884.
Mercantile Failures.
Banking and FinancialUnited States—National Bank Figures and
Currency Movements.
New York City—Bank Returns, <fcc.
London—Money Market and Bank Returns
SELLING AGENTS FOR LEADING BRANDS
Drills, Sheetings, <£c„ for Export Traile.
registry and transfer books, or make purchase and
•ale of Government and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction of business, will
CONTENTS:
Influences, aud Prices of Call Loans and
Towels, Quilts, White Goods 6c Hosier!
Cor. of Montague & Clinton sts., Brooklyn, N. Y.
Investors.
37 Thomas Street.
PRINTS, DENIMS, TICKS, DUCKS, &0.
This Company is authorized by special charter to
act as receiver, trustee, guardian, executor or ad¬
ministrator.
It can act as agent in the sale or management of
real estate, collect interest or dividends, receive
INSURE
Bankers,
Stock Brokers,
Merchants,
The Money Market-
AND
CEIVE MONEY ON
FOR
BOSTON, 31 Bedford Street.
wi?w vnw S 58
& 60 Worth Street, and
YORK
NEW
BROWN 6c BLEACHED SHIRTINGS
ASSETS
FINANCIAL INFORMATION
sapply, all Widths and Colors, always in stock
No. 109 Duane Street.
Jos. 1. Keefe, Robert Patterson, Theodor C. Engel,
Jacob Naylor, Thos. G. Hood, Edward L. Perkins,
OF
OF
UNITED STATES BUNTING CO.
A full
BOOK
YEAR
A
Also, Agents
$1,000,000
Acts as Executor, Administrator, Assignee, etc.
and executes trusts of every description known to
the law.
All trust assets kept separate from those of the
The
1885.
(fummcvcial (Cards.
COTTON SAILDUCK
The Union Trust Co.,
Paid-up Capital
(ANNUAL.)
NEW YORE.
PINE STREET.
COTTON
Capital
Financial Review.
SON,
ADRIAN II. MULLER
Manufacturers and Dealers In
William Libbey,
John C. Brown,
Edward Cooper.
W. Bayard Cutting.
HENRY L. THORN ELL, §€
ecretary.
LOUIS G. HAMPTON. Assistant Secretary
Authorized
READY.]
[NOW
AUCTION
WILLIAM
STREET,
(HANOVER SQUARE.)
BY
Envelope Co.,
No. 62 JOHN STREET, NEW
YORK.
OFFICE
CARPETS.
Before buying your Carpets, Linoleum, Oil
Cloths or Mattings, call at BENDALL’S
Carpet Store, 114 Fulton St., basement
Cheapest place in the city. If not con¬
floor.
venient to call, send for samples.
@FedFRASER