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0)iiiiitm;ji
HUNT'S MERCHANTS' MAGAZINE,
REPKESENiING THE JXDUSTJUAL AND CU.MMEUCIAh IXTEKESTS OF THE UNITED STATES.
EntpnKi nocordtnff to net nf OotiKreR". In
VOL.
thii
year 1885 by Wm.
,
NEW
40.
n D in i
.t
Co.. In tlic ollico of tile Librarian of
YORK, FEBRUARY
^itiaiijcial.
^iuawjcial.
NEW CHUnCH ST.,
Place,
KIEW VORK.
BuMbiesH Founded t7!>&>
InforjMiratrd uuiirr
Ijins ot Stfttf of
Npn
\nrli,
&
BANKERS
DIAMONDS.
Engravers and I'rikters of
BONDS, POSTAGE & REVENUE STAMPS,
LEGAL TENDER AND NATIONAL BANK
NOTES of the UNITED STATES; and for
Foreign Governments.
AND
SAKtiaiKDS
S* Mr.
usr of thp
SAFETY COLORS.
Wurk
Kxt-c-ut'.-d
SAFETY PAPERS.
UTHOORAPHIC AND TYPE PSINTINO.
Show Curd*. L«belis Calendars.
BLANK BOOKS OF EVERY DESCRIPTION.
ALBERT G. GOODALL. President
VirK.l'RESlIiENTS
MACDONOUGH,
STAYNER,
G. H.
THEO.
Prea't.
-
FREELAND.
H.
J.
w. Work,
Sscfy.
Caaliler.
F.
.....
$400,000
409,000
A. Ttse.
Member N.
No. 15
dc
sold.
W.
B. D. VrsE,
Y. Stock Eictaani;e.
&
7 Exohanj^e Court, N. Y.
the Everett House, Union Bouare
and 17th Street.
Gilder & Fair,
33 BUOAO ST., NETir YORK.
BANKERS AND BR0KEE8.
All dosses of
Becurlties bought and sold on commlsson.
attention to orders by mall or telegranh.
Special
TINKER & WESTON,
BANKERS AND
BROKERS,
No.
3
EXCHANGE COURT,
New York.
H IKBT C. TruKiB, Membsr N. T. Stook "»««•
Bzah.
KINSSXLAXB WKBTOir.
STOCK BROKER.
Lansdale Boardman,
NEW YORK, SO BROADWAY 4 5 NEW ST.
TROY,
ST.,
BOX
NEW YORK.
1,422.
N. Y., No. 17 FIRST STREET.
Stock Kioh'ge membenblpi private wire; all (aollltlea
Government, State, County. City and Railroad
bonds constantly on hand for sale or exchange, and
particular attention friven to the subject of InvestInstitutions and trust funds.
JOHN HowABD Latham. Frederick W. Pebbt.
City,
Town and Railway Bonds
J.
booffbt and sold.
PINE
31
Co.,
NEW YORK,
ST.,
&.
OAVIS.
Kx6cnt« orders In all securities listed at the New
York Stock Bxohange. For Sale.
FrasT-CLASs Railroad first mobtoagi Bo.vds
OEOROK C. WOOD. C H. HUESTIS. L. M. 8WAK
WASHBURN &
TOWNSEND,
BANKERS AND
No. 3 1VAI.I.
STREET.
Tranaaot a general Banking Bnslness, Inolndlns the
Pnrchaae and Sale of all Seoorltles dealt In at the
New York Stook Bzobangs.
Interest allowed on deposits subject to sight draft
LANSINO C. WASHBCTBH.
CALDWBLL.
Chas. J. TowKSEND. Member N. Y. Stook Bzohange
C. B.
H.
B. Hollins
City,
74
WALSTON H. Brown.
Hebbebt
&
No. 35
NO. 30
C.
(Members New York Stock Exchange.)
Aooonnts of Banks, Bankers and others received.
strictly Commission
Interest allowed on Balanoaa.
Business In the purchase and sale of stocks and bonds.
Private Telegraph Wire to Albany, Troy, Syracuse,
Boohester, Utica, Buffiilo, Clevuland and Chlcage
Draw on City Bank ol London In amoonts to suit.
Bpeelal attention given to Secnnuaa for Inveatment.
A
CHICAGO.
Fred. a. Bbowit.
P. Bbowit
NASSAU STREET,
NEW YORK.
Turner,
J.
FIFTEEN YEARS' MEMBERSHIP IN THB
NEW YORK STOCK EXCHANGE,
Nos. 16
&
18
BROAD STREET,
NEW
Bishop,
PINK STHKKT, NEW^ YORK.
PA.,
Walston H. Brown & Bros
BANKERS,
panies^
BANKKHS AND BROKERS,
Co.,
FRITATE WIRES TO :
PHII.ADEI.PBIA, BAIiTIinoRE,
Co.,
and Bonds, for cash or on margin.
Agents for Banks, Bankers and Railroad Com-
&
BANKERS AND BROKERS,
No. IT W^AItli ST., NEW YORK.
BROADWAY.
Hamilton
STREET, NEW^ YOBK.
John H. Davis
BANKERS AND BUOKBRS,
Members N.Y. Stock Exchange.
DEALERS IN FlUST-CLASS INVESTMENT
SECUltlTIRS
Buy and sell on commission all classes of Stock
Co.,
County, State, Katlroad, District of Columbia
Bonds and Foreign Exchange.
Correspondence Solicited.
FBANK CHOLLINS
&
&
UNITED BANK BUILDING,
YORK,
BnOKEH!>,
F.A.YZNAQA.
H. Latham
No. 2 WAIil.
&
Huestis
BANKERS AND BROKERS,
H.B.U0LUN8.
Securities carried on
Oovernment Bonds and other Investment
i
NASSAU
P. O.
INVESTinENT SECURITIES.
CALDWELL,,
Interest paid on Balances.
Maridn.
No. 35
ments for
IN
SUCCESSORS TO
BANKERS AND BROKFRS,
Broadway
^1
Co.,
WXl^i. STREET,
OBALERS
IVOOD
Vyse & Son.
Branch OCBoo at
&
Mahoney
Wood,
Bankers aoUdted.
CoUeoUons made upon favorable terma.
Ooremment Honda bought and
86
Co.,
Receive deposits subject to cheque at sight and
allow Interest on daily balances.
AMonnu of Banka and
Thomas
&
Ives
S.
Investment Securities.
J.
:
BOSTON.
-
Sta*,
Private wire to New York. Baltimore and other places
Maverick National Bank,
SDRPIiUS, -
Henry
Transact a general banking business, inoludloff the
purchase and sale of securities listed at the New
York Stock Exchange, or In the open market.
A. D. SHEPARD.
TOURO ROBERTSON.
CAPITAL,
tklbgrapuic transfers ofmonbt
ON MEXICO, CUBA, &c., dtc
Deposits received subject to check at sight, and
Interest allowed on dally balances.
Stocks, Bonds, &c. booKht and enld on oonunlssion In
Philadelphia and other cities
Partloular attention given to luformattou regarding
Treas.
ASA. P. PoTTiB,
Yobk.
bills of exchange, letters of cbhdit,
t'oni)iiinv.
In Fln-[trnor BuUdlntCM-
W. M. SMILLIE.
34 Excbanee Place,
BANKERS,
and Chestnut
PHIIiADBIiPUIA.
f.ir
RAILWAY TUKETS OF lUPItOVEO STYLES.
J.
Co.,
Cor. Third
fOlVrHRKHTIMl.
lu I'HKVK.VT
Sc
BANKBRS.
the flne.t and moAt urtisllv Atyle
SiHs^iml |»a|irr>i ni.nufArliinil r\rliisitr]j
&
H. Taylor
VXCF,.
FItOH STEEL PLATES.
32
New
Members N. Y. and Philadelphia Stock Bzohangea
DKAFTS. OHFCKS, RILLS OF EXOII
Hllh 81-U'IAI.
Co.,
182 Broadway, Cor. John Street.
L.
Co.,
COMMISSION MERCHANTS,
IMPORTERS,
ENGRAVING AND PRINTING.
BiNK NOTES, SHARE CEKTIFICATKS. BONDS
KOK <;OVKUN.«E.NT» AM» i'OUPOKATIOJiS.
ill
&
Alfred H. Smith
l^oS,
KoflrsuiilKcd 1870.
STAUi*S, Ac,
1 026.
Maitland, Phelps
Note Company,
';
^iuatijciat.
58
Trinity
NO.
21, 1885.
AMERICAN
Jiank
CnnKTom. Wtmhlnffton. D.
J.
YORK.
A. Kohn
&
Co.,
BANKERS AND BROKERS,
19 Broad St.,N. Y., nillls BnUdlnc,
Transact a General Banking Bnslness.
.m« ««««
Bonds, ok^ti;..
Stocks _and_Ml80»lI»Exchange, douuh,
Foreign
roreign nxcnaiiKv,
neous Securities bought and sold on eommlsaioa.
JULIUS A. KORN. DAVID OCRS. MORgTE
Memb.N.T."
Memb. N.Y. Stock Kioh.
:
;
.
:
THE CHR0N1C1.E
"govidQU %xth^u&t.
&
Morgan
Drexel,
|^0t;jeifltt
&
N0.S4 Sontb
Thim
Street, 31
BonleTard Hanui
PARIS,
B0ME8TI0 AND FOREION BANKERS.
PHIIiADEIiPHIA
Secaritles
DeposltA received snblect to Draft.
bonsnt and sold on commlMlon. Interest allowed on
DapoaltB. Foreign Exchange. Commercial Credits.
Circular Letters for Travelers,
Gable Transfers.
Tailable In all parts of the world.
ATTOBNITS AND AQBNTS OF
& CO.,
llle«sr«. J. S.
&
& W. Seligman & Co.,
BANKERS,
Brothers
&
STREET,
No. 69 UrALI.
Co.,
N. ¥.,
AND SBLL
Btrr
OF EXCHABfGE
BII.L,S
IRELAND, FRANCE
ON GKKAT BRITAIN AND
NORGBBMANT, BELGIUM, SWITZERLAND,
WAT, DENMARK, SWEDEN AND HOLLAND.
Iggne Commercial & Trayelers' Credits
IN STEBLINO,
AVAILABLE IN ANY PART OF THE WORLD.
And In
New York.
iBSne Letters of Credit for Trarelers,
On SBLIGMAN BROTUERS, London,
SELIGMAN FRBRES & CIE.. Paris,
SBLIGMAN & STETTIIEIMER, Frankfort,
ALSBERG GOLDBERG. Amsterdam,
ALTMAN & STBTTHEIMBR, Berlin.
Payable In any part of Europe, Asia, Africa, Aniand America.
Draw BlUs of Exchange and make Telegraphic
Transfers of Money on Europe and California.
tralla
John Paton & Co.,
SUCCESSORS TO
JESIIP, PATOM A CO.,
Francs, In Martinique and Onadalonpe.
HAKE TELEGRAPHIC TRANSFERS
OF RIONEY
BETWEEN TBIS AND OTBUS COVNTBLBS.
HAKE COLLECTIONS OF DRAFTS drawn
abroad on all points in the United States and
Canada, and of Drafts drawn in the
United States on Foreign Countries.
J
33
63 iruilam Street,
Co.,
Stuart
J.
NASSAU STREET.
EXCHANGE ON
SniTH, PAYNE & SJHITH^S,
BANKERS, LONDON!
MANCHESTER & COUNTY BANK,
"LIMITED;"
KronncDT Tod.
H. O. NOBTHOOTB,
J.
EDINBURGH, AND BRANCHES
ALJBO,
CABLE TRANSFERS AND LETTERS OF CREDIT
LONDON
PARIS
NEW YORK
^£:i^^raT.'I'^°» ^- °-^'"8. W. G. H. HIATH.
!
J.
&
Co.,
SCOTLAND.
Alezandsb Babino,
Member N. Y. Stock Exch.
&
Co.,
WILLIAM STREET,
RANKERS.
Act as Agents
Gompames.
for Banks,
Oiler Investment Securities.
Buy and sell bonds, stocks and securities in all American, Canadian, British and Dutch markets on commission. Collect dividends, coupons and foreign and
inland Drafts.
Sell Bills
of Exchange on
EVANS & CO., JLONBON.
nwnnN
C. J. HAMBRO & SON,
H. OYENS <fc SON, AM.STERDAM.
HOTTINGTJER ik CO., PARIS.
IHELVIIiLE,
) -,
Kidder, Peabody
&
Co.,
FOREIGX BAIVKERS,
I>raw Bills of Ezctaanf^e and transact a eeneral
flnanclai commission business. Particular attention
CABLE TRANSFERS, BILM OF EXCHANGE
AND
William Heath
No* 10
Rne
&
Orders solicited for London and American markets
for investment or on mai^rin. Railway, State and
City Loans neeotlated.
John Munroe
&
mVNROE
OOBEESPOyDENTS:
RARING RROTHERS & CO., London
PERIER FRERES & CO., Paris.
MENDELSSOHN Sc CO., Rerlln.
CO., PARIS
STERLING CHEQUES AND BILLS AT SIXTY
DAYS SIGHT ON
ALEXANDERS Sc CO., LONDON.
dc
LETTERS OF CREDIT AND
CIRCULAR NOTES
Issued for the use of travelers in all parts of the
world. Bills drawn on the Union Bank of London.
Telegraphic transfers made to London and to various
filaoes in the United States. Deposits received subect to dieok at sight, and Interest allowed on hair
ances. Government and other bonds and investment
securities
J.
&
Ruckgaber,
H.
bought and sold on commission.
GOADBY &
B. E.
JOINT AGENTS
WALKER,
Canadian Bank of Commerce,
16 EXCHANGE PLACE.
BANKERS,
STERLING EXCHANGE. CABLE
9 vpilliahi street, new tork. BUT AND SBLLTRANSFERS,
ETC.
COUUZSPONDENTS OP THE
International Rank of London
(Limited) London.
Messrs. jonn Rerenberg, Gossler & Co.
Hamburg.
nessrs.Itlarcnard, 14.ranss& Co., Paris.
Commercial and Travelers' Credlte.
Bllla of ExotaanRe.
Cable Transfers.
and
Private teleeraph wires to Providence and Boston^
TAINTOR.
G. E.
G. D.
Geo. K.
GEO. H. HOLT.
L'HUILIER.
Sons,
Sistare's
16 ac 18 Rroad Street, Nevr York.
121 South Tblrd Street, Plilladelpbla.
onnected by private wire with main
York.
office.
New
DEALERS IN
FIRST-CEASS INVESTMENTS.
cash or on ma^
New York Stock
Bxchange.
interest allowed on dally balances.
All deposits subject to cneck at sight.
Particular attention to orders by mall or telegraph.
Buy and Sell on Commission, for
gin, all securities dealt In at the
Fred. H. Smith,
RROAD ST., NEUr YORK.
STOCKS, BONDS AND PETROLEUM
No. 30
Bought. Sold, and Carried on Margins.
Intimate knowledge of
all railroads for past twenty
Parties desiring to buy or sell unquoted securities will do well to communicate.
F. H. Smith, ) Members N. Y. Mining, Stock & Na.
years.
S.
W.
Smith,
tlonai
i
JAMES WHITELT,
HABRY C. LOGAN,
'
Petroleum Exchange.
H. CBUGEK OAKLET,
MAY.vARD C. ETBI,
Henry H. Dodge, Washington. D. C.
WM. R. Travers, Special Partner.
&
Prince
Whitely,
No. 64 BROABTTAIT, NETI^ TORK.
^^^^h Ave., New York.
rr
A wm nwn-Tries
OFFICES ^^^
BRANCH
ggg ^Q^^^^ g^^ Washington, D. C,
i
j
Buy and sell on commission
all classes of Railroad
Securities jal so GFain and Provisions.
Private Telegraph wires to Philadelphia, Wilmington, Baltimore, Washington, Bridgeport, New Haven,
Boston and Pittsburg.
Jameson, Smith&Cotting
STOCK BROKERS
AND COMMISSION MERCHANTS,
23 Rroad
and 67 Exchange Place
St.
STOCKS, BONDS, GRAIN
and PR0VI8I0NB
bought and sold in New York and Chicago.
Chicago Correspondents, WM. T. BAKER & CO.
Direct and exclusive private wire.
&
C. Walcott
J.
Co.,
stocks and Bonds bought and sold on Commission.
Orders received in Mining Stocks, and In Unlisted
Securities. Collections made and Loans Negotiated.
Dividends and Interest Collected.
Deposits received subject to Draft.
Interest Allowed. Investment Securities a Specialty.
We issue a Financial Report Weekly.
Branclft Office,
ISSUE COMMBROIAL CREDITS, A VAILABLE
IN ALL PARTS OF THU! WORLD.
'
R. T. Wilson
&
Co.,
BANKERS AND COMMISSION MEBCHANTP
S Excbans* Court. Nevr H orb
320 Broadnray,
Connected by Private Wire.
Stock
Jos, C. WAix?OTT,
I Members of the N. Y.
Frank F. Dickinson, { and Mining Exchanges.
&
Oilman, Son
Co.,
BANKEKS,
CEDAR STREET.
No. 63
BANKERS,
120 Broadway, Equitable Building, New York.
OSC^TF^B. NOTES AND CBZDITS FOB TRATEUSBS.
Schulz
business.
allowed on
Buy and sell GOVERNMENT, MUNICIPAL
RAILROAD Bonds.
KOVKTZE BROTHERS,
Co.,
No. 33 Nassian Street, Nenr Ifork,
No. 4 Post Office Square, Roston,
CHEQUES AND CABLE TRANSFBRfi ON
INTEREST
balances.
COMUERCIAL AW) TRAVBLEB8' CREDITS.
Co.,
Scribe, Paris.
GENERAL BANKING
a
received and
BANKERS AND BROKERS,
No, 34 Pine Street, New Tork.
BOSTON, MASS.
Cor. Wall and Nassau Sts., New York. Transact a General Banking Business
10 Tbroffmorton Ave*, Iiondon, Kns*
gtr«n to American Securities.
DEPOSITS
Bankers and Railroad
Issue commercial credits, also foreign and domestic
travelers' letters of credit in pounds sterling & dollars.
William Heath & Co.,
BANKERS AND BROKERS,
No. 80 Broad^vay, Nevr TorbL.
Members of New York Stock Exchange.
FOBBION EXCHANGE. CABLE TRANSFERS.
Olf
Kennedy Tod
No. 63
RANK OF SCOTLAND,
William Heath
DBAW
Holt,
W^ALL STREET, NEW YORK.
TRANSACT
THE UNION BANK OF LONDON:
BRITISH LINEN CO. BANK, LONDON AND
BELFAST, IRELAND;
AND ON THX
RATIONAli
also as transfer agents.
and sold.
;
UliSTER RANKING COMPANIT,
;
No. 10
Ifork.
Bonds, stocks and securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought
BILLS OF
MANCHESTER, PAYABLE IN LONDON
New
Accounts and Agency of Banks, Corporations,
firms and Individuals received upon favorable terms.
Dividends and Interest collected and remitted.
Act as agents for corporations In payln,f coupons
and dividends
&
&
RROAD STREET,
No. 33
OLD BKOAD 8TKEET, LONDON.
Brown
nil
parts of the World, through
J.
&
BANKERS,
in
Messrs. N. IVI. Rotliscliild «&: Sons, London,
de Rotliscliild Bros., Paris.
Sons, Frauklort o\ni
M. A. de Koihscliild
S. M. de ' othscliild, Esq., Vienna.
AND THEIK CORRESPONl)E^'TS.
Draw Bills of Exchange on, and make Cable Transfers to, England, lYance and Germany.
mOBGAN
Ho. 22
Taintor
Co.,
No8. 19 A: 21 Nassau Street.
ISSUE TRAVELERS' CUEDITS, available
Drexel,Haije8&Co
Co.,
&
RANKERS,
COKKEB OF BKOAD, NEW YOEK.
Drexel
'gxth^VLQit.
Co., August Belmont
STREET,
WAI<Ii
;[voL. XL.
In addition to a General Banking Business, buy
and
Sell
GoTemment Bonds and investment
Seonrl.
tlai
Howard
Lapsley
&
Co.j
BANKERS AND BKOKEBS,
NO. 34 BROAD STREET,
New
A. K. BATSMAN,
Memb.N.Y. Stock Bxoh.
Yorte.
DOtrOLASS GREEN,
Menib.N.y. Cotton Bxob
W. W. Dudley.
& BATEKIAN,
GREEN STREET,
NEW YORK.
86
WALL
Stocks, Cotton
and Foreign ExcbanK*
Private Wire to Washlnjrton.
BATRMAN *
CO..
WABHrNBTON. n.c.
AUGUSTINE HEAKD,
39
NASSAV STREET.
Loans on Railway and other negotiable secnrltles.
Purchase and saJe of same. Loans on Bond ana
Mortgage.
General financial business.
:
iFebruaby
THE CHRONICLE.
31, 1885.J
^nnUtvs nuA
&
Co.,
BANICEKS AMD nKOKEUfl,
DNITED BANK DdlLDINO,
ROAUWAT AND WALI, BTllKKT. NBW YOBK
DtALKKS
&
Bailroad
%vxCktxs and fPvoUets.
WKsiksxs,
R. A. Lancaster
IN
Mlscellaneons ii^cnritieB.
fli
Chas. Unger & Co.,
BANKERS AND BROKERS,
Member! of the New York Stock Exchange.
D1ALEK8 IN KOIIXION ExrHAHOE, UOVIIINHINT
ANItOTIIXU INVBHTUIKT BONDH.
8TEUI.ING LOANS A SPECIALTY.
i* Wall SI. and 04 Ureene St., N. Y.
^oteion
TBS
Railway Share Trust Co.
aiMITED).
BANK BUILDINGS
No. 4
Buy and sell on oumnitMlon, for Inrestment or on
ronruln, all secarliles dealt In at the New Y'ork Stook
Kxchanire.
aouthemSecurities a
ganTietrs.
LONDON, ENGLAND.
Specialty.
Clark IUcwino. v. T. Bontkou.
(Member of New York Stock KxotianKe.)
nisAM
Ocwi.no.
&
H. Dewing
Son,
Stewart Brown's Sons,
BAIVKERS A^I> BROKERS,
STOCK BROKERS,
No, 18 AVall Street, New York.
NEW YORK.
R. J. Kimball & Co.,
bouKlit mid aold.
Simons
&
BANKERS AND BROKERS,
Chew,
3 ExctaanKeCoart4cfi2 Broad wity,N.¥
Blocks, Bond> and U. S. aoTemmeut Secorltlee
BOQjlbt and Sold on CommlBslon.
BlTISLT
JAS. U. 8IHONH,
If amber N. Y. >«tock Kxetaaiuie.
Member N. T. Produce Rxcbanffe.
W. M.
Simon Borg
No. 8
BANKER AND BROKER,
TO
W
DREXEL BUILDING,
_^
B.A8UII-
8
Asiel
&
Reserve Fund, £S00,000.
HEAD OFFICE, THREADNEEDLE ST.
BKAHCBBS:
Lndgate
Paddlngton,
Aldgate,
Old Street,
Ulll,
Knlgntabrldge,
Holbom,
Agency of Foreign and
PLACE.
P. O. BOX a,647.
WATLAMD TRASK.
W. C. HrLL.
A. M.
H.
J.
MoBSI.
13oodt|t
TUWNSEND.
Bank of
Agent. 4r William Si.
Australasia,
(INCORPORATED
4
Threadneedle
St.,
1835.)
London, England
PAID-UP CAPITAL,
£1.60O,'.0O.
Guarantee and Reserve Vunds, £^88,000.
Letters of Credit and Drafts isaaed on the 110
branches of the Bank in the Colonies of Queensland,
New South Wales, Victoria. South Australia, Tasmania and New /ealund. Bills negotiated or sent for
Collection. Telegraphic Transfers made. Deposits
received In London at interest for fixed periods on
temu which may be ascertained at the oflBoe.
PRIDBAUZ 8ELBY,
^
BA NKERM
So.
THE
Anglo-Californian
Secretary.
Bank
(LIMITED).
LONDON, Head Offloe, 3 Angel Court.
SAN FRANCISCO Otllce, 422 California St.
Branch Office, TiS I^a Snile Sr., ChicaKO,
TRANSACT A OK.VEKAI. BANKING BUSINESS. NEW^ YORKAKents.J. & W. Bellgman & Co.
INCLUDl.NG THK PUKCIIASK AND SALK OK BOSTON Correspond'tg, Magstioliusetta N. Bk
STOCKS AND W)NDS VOH CASH OK O.V MARGIN. BUY AND SKLL INVEST.MKNT
58 Broadway,
cor.
Exchanse Place,
N. Y.
SKCUllI-
INTEREST ALLOWED ON DKPOSIT8
SUBJECT TO CHECK AT SIGHT.
P. O. Box 447.
D A. BOODT.
C. W. MCLILLAN, JK.
R KOTIE.N Lklaku.
TIB8.
BANKERS,
VNITED BANK BUILDING,
Wall
STOCKS,
Street,
BONDS
Corner Broadivay.
COMMERCIAL PAPER.
Antborlzed Capital,
Pald-np Capital, Reserve Fund, • - -
paper and other securitlee.
'
(6,000,000
1,500,000
400,000
Transact a general banking business. Issue Commercial credits and Hills of Exchange, available In all
Ssrtsof the world. Col lections and orders for H(.nds,
tooks, etc., executed upon the most favorable terms.
FRKD'K F. LOW,
)„.
lONATZ STKlNliART,J*'»°«»"-
P. N.
MLIRNTHAL.
A. P.
50
<t
Stocks and Bonds bouKht and sold on commission
at New York Stock ExchunKC. Advancefl made on
bofliieaa
lasnes
Loans on the London Market, acts as Agent for
ter of
payments of Interest on Loans, Dlvldendi oa
or Registration of, Stocks in London, or otherwise.
Cable Address— Patt, London.
THE
Railway Debenture Trust
COMPANY
Cashier.
TURNER
THREADNEEDLE
&, CO.,
STREET,
EOXDOIV.
.,_-____
remH
Mn
5
J
New York
(LIMITED),
BANK BVILDINOS,
LONDON, ENGLAND
Same
Directort as the Railway Share
Company
BANKING ASSOCIATION.
STREET,
A. M. KIDDIK.
of Tnista*
KENNEDY, Manager.
Paid-up Capital
»7,500,000
Reserve Fund
4,4'I0 000
Reserve for Equalization of Dividends
400,000
Reserve Liability of Proprietors
7,500,000
The Corporation grant Drafts, Issue Letters of
Credit for use of Travelers, and negotiate or collect
BlUs payable at Bombay, CaiCutta, Singapore, Saigon,
Manila, Hong Kong, Foochow, Amoy, Ningpo,
Shanghai, Hankow, Yokohama, Hlogo, San Francisco
and London.
Ne'er York,
Transact a General Banking Bnalness, Inclndinx
the parchue and sale of STOCKS and BONDS for
cash or on martctn.
Bay and Sell Investment Seenrltles.
Managing Director.
Ewi.,
Company undertakes the boslneu
Colonial Banks.
A. G.
(AJ Co.
BANKERS,
18 WALL
P
Tointa. Bart.
Loans of approved Bsilways, negotiates and
No. 4
London.
, . . .
No.
This
to
The Bank, while condnctlnfi the general bnslnesa
of London Bankers, gives special attention to the
Co.,
M BXCHANOB
FBANCIS PAVT,
Tottenham Conrt Bood
Street,
BANKERS AND BROKERS. Hong Kong & Shanghai
No.
1.
O. C. M. O., K. C. B., M.
Lawbenci
Bib CBABLE8
..... .£4,000,000
......
4,000,000
......
1,000,000
W^ALL STREET,
L. S.
Chairman.
P.,
C. 8.
Authorized Cnpltal,
Bond
Yorli.
Frankkxheiher, M. Sxlioman,
Members N. Y. Stock Exchange.
M.
uxnrt Drctmmond Wourv,
SubMcrlbed rnpTlal,
Pald-l'p Capital,
Co.,
New
Bib
(LIMITED,)
BANKERS AND BROKERS,
No.
E«).,
General Benrt Hopki!7bon,
Malcoui a. Laiho, Esq.
JOHSr nORATIO LLOTD, Em].
John Pender, Esq., M. P.
LONDOSr, EIVGLAND.
BANKERS,
Stocks, Bonds and MiscellaneouB Secnrltles.
Correspondence Solicited.
Oaotattons eheerfally fnmlshed.
ganluetrs.
The City Bank,
Stock Kxcfaaojie,
W. H. Goadby&
ALL KINB8 OF
^0reijg[tt
Rolston & Bass,
BHOAD 8TREBT, NKIV VORK.
LAINU,
Railways and other Corporations, either in the mat.
Uembere New York and Chicago Stock EzchansS'
80
IN
Co.,
B.
NEWT YORK.
BOrTHKRH BKCnKmES A Bpecialtt.
STOCKS AND BONUS BOUGHT AND SOLD
STRICTLY ON COMMISSION.
New York MlnlnR
&
WALL STREET,
DBALBR8
Louuhbebt.
B.
Railroad and Inrestment Secnrlties.
New York.
aiso
ALm«D
Robert J. KiMBALi^
CHXW.
Earl,
New York
Serenteen Years' Membership In the
Stook Exchange.
MEMBER NKW YORK STOCK EXCHANGE,
55
New York.
No. 18 WTall Street,
STOCK BKOKEK8,
DlRECroSS:
PINE STREET,
38
Stocks uid Bonda Bounht ftnd Hold on i'orumlulon
AccotintH rceelred and Intercut allowed on l>al>
lanoea, which mar be checked for at sliiht.
lowii I.uHii & Trust Co.
per cent Dcbenturos
Capital Paid Up, «9T1,860 Storllnc
Stock Exchange.
Philadelphia Stock Exchange.
CAPITAL PAID
Tnut
(Limited).
17P,
wltb Snrplaa,
£1,966,410 Sterllnc
Brothers
Blake
liONDOlV,
&
Co.,
ENGLAND,
Solicit accounts and agencies of Banks, Rallwsri.
Corporations, firms and individuals, upon favor
•
able terms; also orders for the purchase and
sale of Bonds, Shares, &c, Jtc, on Commission
on the Stock Exchange.
Negotiate Railway, State and City Ldaas and
Issae Commercial Credits available In all parts of
the world.
De Twentsche
Bankvereeniging,
B. W. BLIJDENSTEIN & CO.,
• .
AinSTERDAin, •
HOLLAND.
Established
isei,
- Gailders (tSJKMjOOO.-)
7,871,100 (tS. 148,440.-)
Snbscrlbed Capital, 8,000,000
Pald-Up Capital,
Reserve Fund,
Head
••
849,863 87
($S8»,94S,S6)
Amsterdam.
BRASOHBS
Lendon—EXCHANGE A INVESTMENT BANK
Office,
B.
Nos. SB
W. BUJDENSTEtN A
A
CO.
B6 Threadneedle Street.
S.a
RotlerdBm-DE WISSKL-en EFFECTBNBANK.
Enechede-B. W. BLIJDENSTEIN, JB.
Aimeloo— LBDEBOER A CO.
Transact a general Banking and Commission Bosl'
oess In Bills, Stocks, Shares, Coupons, Ac
NEW YORK Correspondents
Messrs. KNAVTU,
:
NACHOD * KUHNB
THE CHRONICLK
IV
&
L. de Steiger
gttflXatxd Saw^jetJS.
I^&w
'goxtJQn %vixiktvs.
Co.,
[Vol. LX,
Brewster,
J.
Cobb
&
BANKERS,
WM. MIDDENDOBr.
No. 85
RANKERS AND RROKERS,
Estabrook,
CONGRESS STREET,
BOX
397.
Members Baltimore Stock Exchange.
MEMBEEB OF THE NEW YORK AND
OAPITAI.,
-
SURPLUS,
-
BMITHERS,
O. F.
W.
ALSO,
913,000,000, Gold.
$6,000,000, Gold,
Dealers in municipal, State, Railroad
and United States Bonds.
rOKK OFFIOS,
IfJSW
&
61
WAtIi STBKBX,
Chicago and throughout the
No. 22 Abchurcb Lane
Office,
Merchants Bank
•
UBAD
OFFICE, IttONTKEAL.
OBOBOE HAGDB, General Manager.
J. H. PLUMMBR, Assistant General Manager.
BANKERS:
LONDON, ENG.— The Clydesdale Bank (Limited.)
NEW YORK—The Bank ol New York, N.B. A.
The New York Agency buys and sells
Sterling Ex-
change, Cable Transfers, issues Credits available in
all parts of the world, makes collections In Ciinada
and elsewhere, and issues Drafts payable at any of
the offices of the.bankin Canada. Every description
ol foreign banking business undertaken.
New Yorli Agency, No.
(
JBm
CAPITAL (paid up),
SURPLUS,
Wilbour, Jackson
H.
8.
HOWLAND,
D. R.
Pres't.
WILKIE,
Cashier
53
I
BoSANQUET, Salt & Co., Bank of Montbhal,
59 Wall Street.
73 Lombard Street.
I
Promptest attention paid to collections payable in
any pan of Canada.
Approved Canadian business paper discounted -at
the Head Office on reasonable terms, and proceeds
ramltted by draft on
New
Exchange,
Private Teleifraph Wire to
Correspondents.— Bank of the State of New York,
New York Louisiana National Bank, New Orleans
Bank of Liverpool (Limited), Liverpool.
B.
New York and
Boston.
4,
BuBRUss,
BOSTON, MASS.
Stackpole
&
AVILIHINOTON, N.
Collections
7
Gzowski
&
Buchan,
TORONTO, CANADA.
to collections and
all
finan-
ISlJcstcvu
&
Gerlach,
RANKERS AND dROKER.«,
CHESTNUT STREET,
No. 322
PHILADELPHIA.
Orders executed by pnvate wire In New York, Boa
ton and Baltimore.
Drafts issued on all principal points in the United
tates and Europe.
JOS. M.
ROBERT M. JANNET.
shoemaker.
M. Shoemaker & Co.
134
E.
D. G. FONES,
5
STATE BANK,
1
President.
)
Incorporated 18T5.
)
0. T.
WALKKB
Cashier.
German Bank,
LITTLE ROCK, ARKANSAS.
Capital (Paid in)
•
•
.
.
$360,000
Prompt attention given to all business In our line.
N. Y. CORBZ8PONUKNT8.— Donnell, LawBon & Co.
and the Metropolitan National Rank.
.
BRANCH,
President.
^uukfvs.
ANIJ
STOCK BROKERS,
Clark
&
The Nationaf City Bank,
OF GRAND RAPID.S, MICH.
Successor to the
CITY NATIONAL BANK.
¥500,000
Capital,
made on most favorable tenu.s.
New Yorlt Correspondent, Fourth National Bank.
Thos. D. Gilbebt, Prest. J. Fkedkuic Baars, Cash.
Collections
SOUTH THIRD STREET,
philadi:l.phia.
W.
Gkani) Rapids, Mich., .lanuary 21, 1885.
The Citv National Bank of Grand Hapids, In the
State of MichiKan, is closing up its affairs, its corporate existence jiavinK expired at cliise of business on
tJieaist dav of January, 1«85. All note-holders and
others, creditors ot said association, are therefore
hereby notified to present the notes aitU. other claims
acainst the association for payment.
.1. FREDKlllC BAARS, Cashier.
Dated, Jan. 31,1885.
Co.,
W. Harris &
Co.,
INVESTIHENT BANKERS,
N.
RANKERS,
Stocks and Bonds Bought and Sold on Commission
DEARBORN STREET,
CHICAOO, ILL.
No. 176
DrV"MT\0
DUJM
JJO,
Town, Sohoo
and Car Trust Bought and Sold.
state, County, City,
The funding of
entire issues receives special atten.
Write us if you wish to buy or sell.
tlon.
THE
Robert Garrett
&
Sons,
Texas Land
T
SOUTH ..TREET,
BALTinORE,
TRANSACT A GENERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.
Wilson, Colston
&
Co.,
BANKERS AND BROKERS,
and
SOUTHERN SECURITIES
and Information
nlsned.
N. Y. Correspondents— McKlm Brothers
Transact a general Iflnanclal and Agency Business In
the State of Texas and Europe.
C. E. WKLLB8LKY,
New York Correspondents:
General Manager,
BLAKK Bhos. & Co.,
Wall
KSTABLISHKD
P.
Dallas, Tkxab.
Street.
F.
1871.
Keleher
&
Co.,
OLIVW 8TKBKT, ST. LOUIS,
Dealers In 'Western Securities.
305
specialty.
Correspondence solicited
Mortgage
"
RALTIMORE.
INVESTMENT
&
COMPANY LIMITED,
(OF LONDON, BNGtAND),
BANKEKS,
No.
cial matters.
Correspondents— Bank of New York, New York
and Alliance Bank, Loudon.
P.
Fred. R. Scott. Vice-Pres't
^tuusv^Vamim ^lawfeers. The City National Bank,
AND GENERAL AGENTS,
Prompt attention given
JOHN
Gush.
S
STOCK AND EXCHANGE BROKERS
C.
parts of the United States
all
Bonds funded under the Funding Act
passed by the last liegislature, for yi per cent comNew North Cai'Olinii 6 per cent bonds,
mission.
Bccurod by lien on the 8tnt«i's stock in the North
Cnrolina Ilailroad. for sale.
BOSTON.
and other banking business transD. A. MCTAVlSH, \ .„„,,
Agents.
H. BTIKEMAN,
made on
Virfilnia
CIRCUI.AB NOTES Issued In Pounds Sterling No. 35 South Third St., Philadelphia.
available In all parts of the world.
COMIHERClAL CREDITS ISSUED for use in Europe,
DEALERS IN CAR TRUSTS AND OTHER
China, Japan and tlie East and West Indies. Also,
INVESTMENT SECURITIES.
In name ol NEW l^ONDON & liRAZILIAN
acted.
CaitUer
TIIOmAS BRAIVCIl &, CO.,
BANKERS AND COMMISSION MERCHANTS.
Chicago.
L1.MITED, available in the Brazils, Hiver
Walkkr,
RICHIfKWD, VIRGIMA.
Ely,
RANKERS,
EXCHANGE PLACE,
also on Canada, British Columbia, San Francisco and
BANK
A. K.
Pres't.
National Bank,
Jonx F Glenn,
MEMBER OF BOSTON STOCK BXCHANGB.
No.
Plate, &c.
Bills collected
;
First
No. 4 Exchange Place, Boom No.
BANKERS
STREET.
Alabama and City
State of
sell
of Mobile Bonds.
Collections made on all Southern points on best
terms: prompt returns.
Jos.
Buy and sell Sterling Exchange and Cable Transfers. Issue demand drafts on Scotland and Ireland:
payment. Buy and
COMMISSION STOCK BROKER,
North America,
No. 52 IVALI.
& Co.,
MERCHANTS' NATIONAL BANK,
RICHMOND, VIRGINIA,
Bank
British
Co.,
Samuel G. Studley,
York.
AGENCY OF THE
&
BANKERS.
Dealers in Commercial Paper, GoTemment and
other first-class Bonds and Securities and Foreiffn
Narr
Port Colbome, St. Thoma«, Ingersoll
Welland, Fergus. Woodstock, Winnipeg, Man.,
Brandon, Man.
Dealers in American Currency & Sterling Exchange.
Agents in New York:
Agents in London
BENJ. A. BOTTS.Prea't
Thos. P. Miller
DTEYROSSET STREET,
BBANOHES:
St. Catharines,
WBKM8. Cashier.
;
HEAD OFFICE, TORONTO.
:
B. F.
BANKERS AND BROKERS
No.
-$1,500,000
$678,000
-
C. C. Baldwin, W.
Mcllhenny, B. F. Weems.
MOBILE, AliABAinA.
Imperial Bank of Canada.
-
all
Botts, Pres't; F. A. Rice,
B. Botte, Bob't Brewster. 8. K.
Special attention paid to collections, with promnt
remittances at current rates of exchange on day of
Acpnt,
Agents.
f
on
DIRECTORS.— Benjamin A.
Charles H. Sheldon, Jr.
Joshua Wilboub,
benjamin a. jaokbon, wiluam binniy, jb.
61 Wall Street.
HENRY HAGUE,
JOHN B. HARHia.
collections
accessible points.
Co.).
PROTIDENCE, R. I.
$5,700,000 Paid Up.
.
f 1,250,000
President, ANDREW ALLAN, Esq.
Vice-President, ROBERT ANDERSON, Bsq
•
Texas.
Kive special attention to
Dealers In Municipal, State and Railroad Bonds.
OF CANADA.
Capital,
ReserTe,
Swibt *
STATE STREET,
BOSTON, mASS.
Buy and sell
In,
Co.,
Houston,
No. 40
)
and make collections
Dominion of Canada.
CAPITAI/, $500,000,
BANKERS AND BROKERS,
ALEX'R LANG,
Sterling Exchange, Frenos and Cable
TranBlem; grant Commercial and Travelers' Credits.
available In any part ol the world; issue drafts on
THE CITY BANK OP HOUSTON,
We
WAtTIB WATSON, { Agents.
a „pnt«
Iiondon
&
Dupee
Perkins,
President.
(Formerly Chas. A.
[No». 59
§l>fSixxXhtxu ganlijets.
BOSTON STO(3K EXCHANGES.
BUCHANAN, General Manager.
J.
(KEYSBR BniLDING|t<
& 25 GERMAN BTREET,
RALTimORE, IHD.
Nos. 23
BOSTON.
Bank of Montreal.
WM. B. OLITEB.
Middendorf, Oliver & Co.
BANKERS,
FBANKFORTONMAIN, GERMANY.
^^\iktx&.
galtitttjovje
ft
Co.
fni-
Defaulted Bonds of Missouri, Kansas and Illinois a
Specialty. Good Investment Securities, paying from
10 per cent, for sale.;
i% to
I
:
Febroart
:
THE CHRONICLE.
21, 1885.1
SvBttvAttce.
Bonds
orSixretysliip.
KO OTBSR BUSIXESS.
THIRTY-NINTH ANNUAL STATEMENT
The Guarantee Co.
OF TUB
OF NORTH AMEMCA.
cuhc.pit.1
•fSS-ffiS
400,000
Ouh^MOU
114,000
IninruM Dapartment
Vloe-Pnatdsnt
Pnddaot
Dtposit with
CONNECTICUT MUTUAL
Hon. Jas. Fihbicr.
KDWARD RAWLINQ8.
YORK OFFICE:
glB AJMX. T. aA.LT,
l|<ftn« gteg Diraotor:
NBW
UltOADWAV.
NO. ITS
TOMPKl.NS, Socretary.
Niw YoKK D H1CTOB8- Joseph W. Drexel, A. L
Hopkins. II. Victor Newoomb, .h'lin Paton, uanla
Tcmnce. Kdw. F. WInalow. Rraatua WImaa.
D. J.
INSURANCE COMPANY
I
FIDELITY & CASVALTT
Moa, U14
A
216
CO.,
BKOADWAV, NKW YORK-
OF HARTFORD, CONN.
Offlolals of Banka, RaUroads and Express CompaBlaa, Manaaan, Saoratarlaa, and Clerks of Public Com-
panlu. Institutions and CommerclHl Hrms.can obtain
BONDS OF SURETYSHIP
this Company at moderate charKes.
The bunds or this Company are accepted by
from
of the State of
New
NET
ooorta
York.
CASUALTY DEPARTIflENT.
Policies Issued ajtalnst accidents causing death or
totally dIsablInK Injuries.
Full Infurmutlon as to details, rates, Ac, can ba
ohtalned at head ufHce. or of Company's Agents.
Wm. M. KicH-tKus. Preat. John M. Ckanb, BaoT.
KOB'T J. IliLLAS, A ss't Secretary.
E»rofliand Loss
l?58,717,5»6 22
S.
G. Low,
Charles Dennis,
Barnes,
U. A. Uurlbut,
Ale.x. Mitchell,
D. Vermllye, 8. B. Chittenden.
Wm. M. Richards.
Coe,
J.
Safe Deposit& Storage Co
346 A: 348 BROADWAY,
NKW YORK.
Corner of Leonard Street
Safes to rent from $10 to $300 per year,
AND CAN BB RENTED FOR A
DAY 1V£EK OR nONTH.
BBBBMAN 9. Jn^BTT. Pres. JosiAUjKWETT, V.Pres
C.
-
BUFFALO.
N. Y.
ThiB bank kas superior facilities for making colleotlonsoo all accessible points in tbe United States,
liberal terms extended to
Canada and Europe.
aooounts of bankers and merchants.
CORRE8Poxi>ENTs.— New York. National Shoe &
Leather Bank: Union Bitnk of London.
^V^ci^l %macstments.
Geo. H. Prentiss & Co.,
No. 49 WALL ST., NEW YORK.
AND
raONTAGUE
308
ST.,
BROOKLYN.
GAS STOCKS
AHD
GAS SECURITIES,
Street
Railroad Stocks and Bondt
AND ALL KLNDg OF
BROOKLYN SECURITIES
DEALT
3IO. H. PBENTISS,
Uamber N. Y. Btook Bzebange.
W. W.
E3CPKN8K8 —
Comiui8Siou3 to Azeots, Salaries, Medical Examiuerg' Fees,
Pnntinij, Advertising, Legal, Real Eitate, and all other
oxpeuses
633,269 05
334,270 05- 6,499,845 73
Taxes
Balance Net Assets. T)ecember 31, 1984
$52,217,750 49
SCHEDULE OF ASSETS.
I^ana upon Roai Estate, tirstlien
f^aus upou Stoclts and Bonds
Pi emium Notes on Policies la force
Cost of RealEstatj owned by the Company
Cost of United States Registered Bonds
$27,096,682
283,000
2,624,723
11,755,7S3
99,125
2,239,684
7,216,558
122,761
26.000
750,110
3,320
Cost of State and City Bonds
<Jost of other Bonds
'.'oatof Bank Stocks
Cost of Railroad Stoi'.ljs
Cash iu Bank
Balance due from Ageuta
due and accrual
Rents accrued
Marlcet value of stocks and bonds over cost
Net premium- in coarse of collection
Net deferred (luaneily and semi-annual premiums
58
70
00
00
64
60
NOSTE,
51,906
73—
1,212,262 42
Gross Astets, December 31, 1381
$33,430,032 91
Liabilities—
Amount requirea to re-Insure all outstanding policies, net, assuming 4 percent interest
$43,418,119 00
.additional reserve by Company's Standard 3 per cent on policies issued since .\prll 1, 1882
73,834 00
Another liabiUtles
815,955 34—49,308,208 34
Surplus by Company's Standard
by Counecticut St.mdard, 4 per cent
Suiplusby New York St imlard,
per cent
m
over
la this paper.
lACOB
$4,121,824 57
4,193,658 57
7,300,000 00
8-7 per cent.
$152,230,683 00
bonds, ttpeciulTles.
D. J. Brewer, U. S. Circuit
Corbin Banklne Co.. New York: Eastern
Banking Co. and Gen. F. A. Osbum, Boston, and the
Bank of Topcka. Topeka, Kansas.
GREENE,
President.
MILLER & SMITH,
TOPEKA, KANSAS.
Commorciui and corporation law and municipal
E.
JOHN M. TAYLOR, TIce-President.
WILLIAIYI G. ABBOT, Secretary.
D. H. WELLS, Actaary.
Fabius M. Clarke,
ATTORNEY AT LAW,
Kefkuentes: Hon.
00
$1,021,652 71
1?,777 03
119,915 95
RaMoof expenses of management to receipts In 1831
Policies in force December 31, 18S4, 62,934, Insuring
SOLD.
Bee Quotations of City Railroads
82
OO
57
58
$52,217,750 49
ADD—
[ntciest
L. Grant,
BOUGHT AND
[
816,475 17
$5,512,306 63
WAUB
N*. 145 BROADW^AY,
NEW YORK.
CITT RAILROAD STOCKS *. BONDS
I
1,153,608 28
Tol alto policy-holders
.Surplus
IN.
aSB OAB (jDOTATIONB IN THIB PAPBF.
H.
.$3,542,223 18
CORNWELL, Cashier.
Bank of Buffalo,
------ $300,000
CAPITAL,
IN 1SS4.
To POHCV HOLDERS—
culms by death ani matured eudowiiienH
Surplus returucl to policy-holders
Lapsed a-d Surrendered Polloles.
MAXIIATTAX
WIU.IAU
DISBURSED
W.
Uavld Dows,
A.
$4,707,437 42
2,777,229 57
17,347 91— 7,502,014 90
For tntereatand Rents
DIRKCTOKS:
Beo. T. Hope,
Q. U. Wllllanis,
J.B.T.8tranahan,
A, B. Hull,
Oeo. S.
$51,213,581 32
ASSETS, January 1,1834
Receivkd lv 1884—
For Premiums
General^Agents for
Jurl^e:
No.
1
New York
WALL STREET
TOR.
City,
Long
Island and
New Jersey,
BROADWAY, NEW YORK
CITY.
THE CHRONICLE!
^peci^l %nv&Btmtnts.
special %xtvtstmmts.
Safe Investments.
PEE CENT BONDS and MORTGAGES
Minneapolis, Minn.
,,~
Special attention given to
•
1 ,
Collections
.
c;'>'-'r-,»r,'!
««"'"»-
Investments.^o°;r.M?r??oTert?."""
Bank and
Stocks Bought aud SoM.
CO., Private Bankers,
oilier
BliAKE &
P. O.
Box
JHlnn eapoll», niinn.
320.
New
England
7
NEGOTIATED BT THE
First National Banlc, Corning, Iowa.
first mortgages In the best Farming Districts
Iowa Missouri, Kansas and Nebraska. Interest
paid at your own home in N. Y. Exchange. Twelve
years* experience in loaning for Private Investors
and Trust Funds. Send for circular giving full particulars as to loans, references, etc. Interest from
date of receipt of money, ,
„ ^
„ ,.
CHAS. C. NORTON, Cash'r. Lew E. Dabbow, Pres't.
Choice
in
Oilman, Son & Co., Bankers, N. T. City,
Merchants' National Bank. Chica«o,
Mortgage & Investm't Co
Kansas
Offers carefully selected Iowa and Eastern
Mortgages. Interest B to 8 per cent. Sjecunty
sale
for
6 per
Also
Loan
of
amount
times
three
FWm
(3)
cent Debenture Bonds, secured by three (3) times
All
their face value in Guaranteed Iowa Mortgages.
Beourity personally inspected. * or parficulars or
ENGLAND MORTreferences address the
Iowa.
GAGB * INVESTMENT CO., DEa MOINES,
NEW
F.
H. Mnxs,
H.
President.
J.
RANSOM. Cashier.
A SPBCIALT? OF THESE VERT
SAFE SECURITIES, AND BUT AND SELL SAMB
WB MAKE
AT MARKET PRICE.
WE OFFER A LIMITED AMOUNT OF DKBIB
ABLE CAR TRUST ISSUES, ADDITIONALLY
SECURED BY THE DIRECT OBLIGATION OF
THE
BAILBOAD EQUIPMENT COMFAN V.
$100,000.
Pr>3mpt and careful attention given to all correspondence. Collections made upon favorable terms.
Co.,
lAWHENCE, KANSAS,
Offers to Investors the best securities In the market.
FIRST MORTGAGE LOANS UPON IMPROVED
maFARMS. Interest and principal paid on day of
turity in New York. Funds promptly placed. Large
experience. No losses. Send for circular, references
and sample forms. F. M. PERKINS, President; J. T.
WARNK, Vice-Prest.; L. H. PERKINS, Secretary;
CHAS. W. GILLBTT, Treas.; N. F. HART, Auditor.
THB
Kansas Loan & Trust Co.
TOPEKA, KAN.
SWEET,
GEO. M. NOBLE,
Pres.
SM
[I the Oldest and largest Institution In Kansas,
glTing exclusive attention to the Negotiating of
CHOICI-: FIRST MORTGAGE LOANS at high rates
•f interest. It has negotiated over :iSJ, 000, 000
of these loans for Savliigs Banks, Insurance Companies, Estates and private parties East. Send for
eironlar.
Farm Mortgages
In Snms of $100 and Upwards on Indiana and Ohio Lands.
SOTHING SAFER. ALWATiJ PROMPTLY PAID
SEND FOR PAMPHLET.
JOS. A. QIOOKE,
84 East Market St., Indlauapolls, Ind
Investment Securities
BOUGHT ANl)
WANTED:
SOLD,
Bome Watertown & O^densburg Ists and 2ds.
A Rome Bonds.
& Northern Indiana Bonds.
•Oswego
Joltet
Grand Rapids & Indiana Bonds and Stock.
Detroit Mackinac & Marquutte Bonds.
AI,BEUT
E.
FOR SALE-STOCKS BY
J.P.Wintringhaui, 36 Pine
^VESTERSf
Farm Mortgage
T. B.
CO.,
&.
PINE STREET.
No, 34
DES MOINES, IOWA.
THE
MARTIN
POST,
Merchants' Nat'l Bank,
CAPITAL,
Illinois
Car Trust Bonds,
CAPrTAL, tlSO.OW.
IXrOBPORATED.
[Vol. XL-
UACUFIELD,
No. 6 lITaU Street.
St.,
N.
Note: Telephone CaU, 232 JOHN.^
Shs.
3 Produce Exch.
Am. Exchange.
Republic.
100 Butchers' & Drovers'.
St. Nicholas.
Central.
or Bbookltn.
Chase.
50 City.
Citizens'.
'20 Ijong Island.
Commerce.
20 Mechanics".
Continental.
CO.
Fourth.
50 Consolidated.
100 Lincoln.
50 Equitable.
5 Madison Square.
.'5,000 Eqult. 1st 6s 1899.
Manhattan.
800 Mechanics'* Traders' 5,000 Munlc. B'ds 7s 1888.
SO Mutual
50 Mercantile.
BROOKLYN.
8 Merchants' Exch'ge.
100 Brooklyn.
Metropolitan.
)iOO Citizens'.
New York.
25 Kulton Muulcipal.
Ninth.
10,000 Ful.Mun.B'd88s,1900
North America.
14 Metropolitan.
Pacific.
250 Peoples'.
Park.
10,000 Williamsburg Bds.6s
Phenix.
BANKS.
BANKS.
Shs.
GAS
%nUxt3t, §iM&&n&Sf
Sec,
RAILROAD COOTPANY
WESTERN
OF MINNESOTA (now ST. PAUL * NORTHERN PACIFIC RAILWAY CO.MPANY.)
Notice is hereby given that the undersigned, the
trustees under the mortgage dated May 1, 1881,
made by said company to us, to secure an issue of
140 bonds of $1,0»-K) each, all of that date, have designated, and we hereby call in, for redemption, as provided in the mortgage, all the outstanding bonds Of
said Issue, namely, bonds numbered as follows;
'38
99
120
7S
15
'37
100
121
79
16
101
122
44
80
17
lOa
123
81
18
45
124
82
103
19
46
104
125
83
20
47
126
84
105
21
48
127
106
85
22
49
128
107
23
50
86
129
108
24
51
87
130
109
25
52
88
181
110
28
89
53
111
132
27
54
90
112
133
91
28
56
134
29
92
113
57
135
114
30
58
93
13tf
31
59
94
lis
116
32
80
95
33
117
73
96
118
34
76
97
85
77
08
119
Being one hundred and one (101) bonds of.fl.OOO
each.
The
bonds must be presented and delivered to
said
&
Messrs. Wln.slow. Lanier
NASSAU STREET,
No. 21
OEALIR
IN
GAS STOCKIS,
TRUST
STOCKS,
CO.'S
TEL.EGRAPH STOCKS,
Bank Stocks, Insurance Stock*.
E.
S.
Bailey,
PINE STREET.
7
UEAUN08
IN
INSURANCE STOCKS
A SPECIALTY.
Cash paid at once for the above seotuitlas ; or they
will be sold on commission at seller's ootlon.
New York
Citv, fur
Nassau
account of the underfirst day of May,
by
signed trustees, on or before the
1885.
RAILWAY STOCKS
•CITY
Street.
Co., bankers, 26
The
that day
In all
and In Mexico. Colonies located. >V. R.STUART,
Jind Agent, 03 Carondelet ."^t., .New Orleans, La.
M
OKTGAOF"* Only the moit desirable loans
Ab-^olul.'; safety and sa!isf,iction. Tlie Kansas
Mlsi'iurl
I.
m;
'I'riKl
i:.,,..
V,
yaujjilc. Kaosai.
The Corbin Banking Co.
115 Uroadway,
7
AXD
OCTOBER 2i,
WILLIAM
LANE.
8.
>
York.
cash disbursements, can be collected wltb debt and
interest, saving thereby a loss so common upon foreclosed loans here.
All loans are entered upon our books and cared for
without charge till paid.
Indeed, no reasonable requirement essential to
perfect safety is lacking in our system, and investors
desiring sound securities, with hlfjh rates of interest,
And in these loans a combination of both
will
requisites not possessed by any utlier investment.
Our records of transactions cover more than a
quarter of a century, are here open to examination,
and lenders of money who
call
and make
flad
it wfll
our claims fully sustained.
Proposals for Water Bonds
5
Per Cent Five-Twenty Year Bonds.
Proposals are desired in whole or in part for the
Five Per Cent Five-Twenty Year Funded Debt Bonds
of the ELIZABETH WATEIt CO.-which was chartered in 1854, and is in no way connected with the
City Government of Elizabeth or its iudebtednesa.
The whole Issue of bonds to be ^400,000-in the denomination of |;l,000. The object of this loan Is to
fund at a lower rate of Interest the entire indebtedness of the Company, upon which seven per cent has
been promptly paid for the past thirty years. Tho
stock of this Company is paying eight per cent.
The Mortgage to secure this loan will be made to
the Farmers' Loan Sc Trust Company, aS Trustees.
Sealed proposals to be sent to R. G. itolston, President of tbe Farmers' Loan * Trust Company of New
York, to whom bidders are referred for particulars*
Bids must be presented on or before February 28th
prox The Company reserves the right to refuse any
JOSEPH BATTIN, President.
or all bids.
Elizabeth, N. J., January 23, 1885.
OHIO CENTRAL KR.— MAIN LINE.
Notice is hereby given that the Main Line of the
Ohio Central Railroad is to be sold on April 15, 1885.
This Committee has therefore limited the time forthe
deposit of First Mortga^io Bonds to March 16,1885.
It nas also consented to the deposit of Income Bonds
and St<.>ck on terms stated in a circular, copies of
which can be had from the Committee. A majority
of the bondholders having assented to our plan, il is
important to such holders as have not deposited
their securities In the Central Trust Company to do
so now.
CHARLES J. CANDA.Chairman, 52 William St.
I).
B.
HAI-STEAl),
C.
GRINNELL BURT,
W. OPDYKE.
STANTON.
J. S.
Peorganization Committee.
&
Reed
Flagg,
Duncan Building, Cor. Nassau & Pine Sts,
KNTRANCK
No. 11
PINE 8TREBT,
BROKER SAND DEALERS
B o IV r>
Fifth
s.
Avenue
HOTEL,
NEW YORK.
IHadiiiioii Square,
The I>Hri;eBt, Best Appointed and Most Liberally
Manwed Hotel in tbe City, with the Most Centra
and Dellffhtf ul Location.
HITCUOOCK, DARLING &
Moore
p„,,,„o.
rrusiees.
i
QFFirE OF THE ONTARIO SILVER
New
PER CENT FARH M0RT0AQE8,
States. In addition to this our loans bear high ratea
of interest.
If borrower fails to pay Interest promptly lender
can declare the principiii due and collect it at once.
In ca.se ot foreclosure att<.trneys' fees, with all other
1884.
CHARLEMAGNE TOWER,
8
Payments of both intere.st and principal upon our
farm mortxape loans are made witb far greater
promptness than those on real estate in the Kastern
interest on any bond not delivered
shall thenceforth wholly cease.
&
OO.
Schley,
MEMBERa NEW YOPK STOCK EXCHANQB
26
BROAD
ST.,
NEW VORK.
MINING COMPANY (MILLS BL'ILDINO). No. 15
Broad Street, New York. February 18, 1883.
DIVIDEND NO. 104.
The Regular Monthly Dividend of FIFTY CENTS
Private Wire connection with Plilladelpliia,
Baltimore and Washington.
per share has been declared for January, payable at
the office of the Company, San Francisco, or at the
Transfer Agency, New York, on the '23th Inst.
Transfer books close on the 2l8t inst.
LOUNSBERY ,t CO.. Transfer Agents.
Spencer Trask &, Co.,
Bankers,
NOTICE,-THE FIRSTat NATIONAL
Kokomo. in the
BANK
oy KOKtfMO, located
State of Indiana, is ch)siiiK up its affairs; all noteholders and other credit -.rs of caid Association are,
tberefuie. h(a«!t)y notiflci til jiresent (he notes and
other claims u>:uin>*l the Association for payment.
Dated .Ian. 1. l»iS5.
C. A. .1AY, I'ash i er.
ITAYNK NANOTICE.—THE FORT
S*.*1,E.— Tiujbt^r and Mineral
Farms ^»TlO\AL BANK.
'
FOR
Wayne,
the
Ranches, Winter Homes,
Southern Stales
itscorporiite
Lantl.-*.
"^iUKnciHl.
)...;
State of Indiunii, is clu-;
existence having expire
24th day of Junuary,
others creditors of sal
hereby nctifled to nres)a;i(iinst
U.iicd
the
A.'+^ocl itioii
.lan.:i;i, ISHTj.
«-'•?
'
in
Nos. 16 AND 18
Bboad Street,
Branch Offices:
rs.
ousinc-'^s
on the
.re-ht)lders .ind
.i.aro therefore
I
i
i'id
vthcr claims
i
o.
...
..-'Xn. Ca-^hler.
4
Transact a General Banking Business
Connected by I'rieate Wires
Philadelphia, 132 South Tliird Street.
Albany, N. Y., U5 State Street.
Proviileii.-e. R. I.. 1! We^^t minster St.
y-iva.'-s:.. y. Y.. (rrnnd U'lion HoteL
1
.
V.
,
1
rri
umtk
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
ISatered aocordlng to aot ot Congress, In the year 1880, by
VOL.
Wk.
B. Djlh a
Si
Co., In the offloe of the Librarian of Congress, Wasblngton, D. O.)
SATURDAY, FEBRUARY
40.
21,
NO.
1885.
^
1,026.
CONTENTS.
that of a year .ago. At the Stock Exchange share transactiona
have reached a market value of $120,660,000, against $148,THE CHRONICLE.
530,000 for the same six days in 1884, and, after deducting
223 Toutine lAle Insurnncc
Clearlng-House ReturoN
229
The Financial Situation
224 Monetary
and Cummeroial
double these values from the total clearings there remains
Outlook lor CliicBgo A NorthEnfflish News
2G0
$350,885,003 and $448,259,379, respectively, in the two years, to
west
22(i Couiiuerolal and Miscellaneous
The "Snort Session" of ConNews
232 represent the exchanges otherwise arising, or a decline of 43'7
22^
grese
THE BANKEKS' GAZETTE.
per cent. With New York excluded the total is $315,526,630,
Money Market, ForelKn ExQuDtiUlons of Stocks and Bonds 235
against
$356,404,641 last year, or a falling off of 15-9 per cent,
SecwrltUw,
ehange, U.S.
State
N. Y. Local Securities
23(i
and Railroad Bonds and
Railroad Earnings and Bank
against a loss of only 6-3 per cent on February 7, The details
Sto.'ks
233
Returns
237
Bange in Prices at the N. Y.
National Bank Returns
238 for the various cities, presented in our usual form, are as folBtook Exohanite
231 Investment and Railroad lulows :
tolliKcnco
... 239
{
I
I
I
j
i
1
!
THE COMMERCIAL
Oommerciat Epitome
Cotton
242
242
TIMES.
1
BreadstutTs
I
Dry Ooods
218
249
Week Endint February
1885.
New York
Sales
Thi CounBoui, AND
Entered at the Post Office.
IN
ADVANCE
Bnlldings.
rrrirAK K ni«»
i™f7^
piinrr.
.»OK»
O. FLOYD.
)
WILLIAM
?
J
T9
4;
(39,551,000)
(85,805,000)
(—63^8)
(33,361,000)
$38,243,357
4,186,500
1,180,445
$60,073.573|
-11-9
1,0-24,703
SprlnKfleld
Lowell
Total N. England
Philadelphia....
;
(-38-1)
(-lO-l)
(-28-9)
(-18-8)
(PetrolewnJMs.)
(2,043,737)
Provldencs......
Chkonici.b.
Subscriptions will be continued until definitely ordered to be stopped.
publishers cannot be responsible for remittances unless made by
Drafts or Post-OlHoe Money Orders.
A neat file cover is furnished at .50 cents postage on the same is 18
«eut8. Volumes bound for subscribers at $1 00.
Officen In Enjclaud.
The office of the Commkiicial .\nd Fin vncial Chronicle In London
'Is with Messrs. Edwakus & Smith, 1 Drapers' Oardens, E. C. where
subscriptions and artvertlsetnents will bo taken at the regular rates,
and sinKle copies of the paper suppjiert at Is. each.
The ofliee of the Chkonicle iu Livei-pool La at B 15, Exchange
(1,677,880)
(147,000)
(20,808,000)
Hartford
New llaren
Portland
Worcester
The
-SS-S
Cotton.... tmles.)
Boston
For One Year (Including postage)
$10 20
PorSii Months
do
6 10
Annual subscription in London (Including postage)
A2 7s.
61xmoH.
do
do
do
£183.
These prices include the Investors' Supplement, issued once in two
months, and furnished without extra charge to subscribers of the
1500,880,601
(Grain. .bushels)
.
i
-8f8
Feb. 7.
PerOmt
(-8-5)
(2,098,705)
(864,800) (-59-7)
(31,769,000): (-34^3)
(
I
TERMS OF SUBSCRIPTION-PAYABLE
745,319,279
Bnding
1885.
of—
iStockt.... shares.)
FiKAirciAL Chronicle U pvUiihtd in
every Saturday morning.
New York, N. T.. as second-class mall matter.
New York
I
1510,205,022
ITeek
14.
Percent.
1384.
Plltsbarg
Baltimore
(308,r,00)
(31,886,000)
4,762,000
-121
$63,215,410
3,978,000
1,603.737
-30-2
1,872,874
990.210
814,991
+»5
1,108,299
865,840
-)-6-2
881,561
63,3,918
!129,522
-ro-7
678,735;
723,260
486,487
.05,849
-f8-5
681,622;
499,390
-2-6
-I-1-8
-13-8
-6-8
+tit
+V»
+»9
-11-5
-9-0
30S,4h7
$78,613,188
-0-1
$43,167,190
6,156.493
-80-1
-24-5
»67,3M,260
$78,189,2?
t39.079,657
5.909.067
11,871,305
$52,842,756
9,060,370
11,575,998
—20-0
-34-8
»56,860,110
$73,479, 1^24
-22-9
$61,400,,'X)6
-17-1
$30,473,388
8,000,750
$40,575,758
-24-9
$42,657,751
6,149,050
-1-30-1
8,8'J6,2J0
-5-8
-0-S
4,456,58S
8,677,674
-(-37-7
1,366,401
12,076,823!
-H)-3
-i-i-s
1.
Total Idlddle..
Chicago
Cincinnati
2,788,3^26
3,311,724
2,168,990;
2,454,064
1,550,143
Cleveland
1,199,470
1,602,103
2,117,793
Columbas
1,199,836
1,222,219
5-27,573
893,605
-15-8
—11-6
-82-6
-24-3
—1-8
—11-0
«17,980.001
$58,274,355
—18-0
$64,123,2521
-8-4
$12,321,057
369,487
?1H,313,808
—23-2
$15,864,,393;
827,876
-508
401,4651
9,2.33,182:
12,239,150
3,728,255
-24-6
10,488,401
-7-4
-43-4
—27-8
-H5-5
5,473,15t«l
-f25-7
Milwankee
B. DANA & Co., Pabllabers,
81 WUIIain Street,
YORK.
p^g^ OFFICE BOX 958.
NEW
Detroit
Indianapolis
—On page
238 will be found the detailed returns, by States
•of the National banks, under the Comptroller's call of Dec. 30,
kindly furnished us by Mr. Cannon. Previous returns were
....
Peoria
I'otal
St.
published— those for Sept. 30 in the Chronicle of Nov. \'i,
June 20 in the issue of Aug. 16, page 18.
Western..
Louts
St. Josopi)
Now
;page 551, those for
CLEARING HOUSE RETURNS.
Orleans
1,824,289:
1,358.123!
-f30-5
988.196J
-f7-4
Ivoutsvllle
4,808,681
KansasClty
.Memphis
3,370,59.-*'
2,522,256
-(-33-8
3,779,093
f35-7
1,708,313
1,331 ,0S9
+35-1
l,913,98:i|
-fl3-9
Total Southern..
The extreiuoly bad weather which prevailed over almost the
entire country during the week under review has had its effect
-1-7-7
-9-2
-2-5
t:)6,962,4.-14:
— U'*
$87,987,493
-8-0
$ll,31V/,J-i8j
-HS-9
$10,699,490
-HO-1
$725,731,832 $i,OOI,72:!.92o|
-875
$747,704.^1
-28-S
$:ii,589,;i4«l
I
San Ktanoisco
ToUlall
upon bank clearings, but not to such an extent as its severity
seemed to warrant. The falling off in volume from the pre-
$11,97-2.-2421
I
I
By telegraph we have
Acceived from a few of the leading
vious week has reached in the aggregate |i31, 973,880, but for
cities the returns for the five days ended with Friday.
The
the corresponding period in 1884 the decline was even greater,
figures for last year cover but four days, the Washington's
being ftl,005,678. Therefore, notwithstanding the decreaso Birthday
holiday having intervened, and a fair comparison of
this year, the comparison with last year is more favorable tliaii
the totals for the two years cannot, therefore, be made. The
on February 7, This, however, is to be attributed mainly to exhibit
is, however, less satisfactory than on February 13, a
an increase of over |9,000,000 the present week at New York. decline
in the aggregate of $34,2-18,169 having taken place.
Ten cities record exchanges in excess of a year ago, Memphis
live Day Bndino Feb. 8a
FtMD-iisEnd'trtb.lS.
leading with 35-1 per cent, followed by Kansas City, 33-6 per
cent,
The
and Cincinnati
total
30- 1 per cent.
exchanges at
all
I8R8.
the cities for the
week
this year
New York
are ^735,731,653, against #1,001,73.3,920 for the correspomlin
week in 18S1, or a loss of 37'5 per coat. The decrease on F.
7 reached 38'3 per cent,
•
and
for the preceding six
•
'-'ffock («IU.)
Biilttnioro.
ill..
^u-uttm...
totil for the
week
is
3 1 -5 per cent below
•
plila
days 38-5 per
cent.
At Now York the
'
I
1884,
$402,007,241
.i
TOWU.....
$498,882,596
\Per C4ta.
;
(-0-2)
(l,:)Ufl,9(m'
(1,369,683)
18.493,179
41,2311,892
-I-18-7
1,023
33,871,709
8,771,817
11,101,610
—4-0
-1-4
-8-4
$SlM,764,8lUt
-lB-6
:i:i,»l
.S,05:l,.'»9'
10,8!».6a»|
$801,9»4,ai
1886.
-19-8
1
1
-81-1
(1,844,080);
(-46)
-10-8
4«<,03«,34U
82,»78,sn5'
i
1
1
Per On*
$434.74.3.6S0j
-83T8
9,888. KbI
+»t
10.f504BO,
-8»0
e5.'«l.lH2
1-,>»|
-
8H-*
THE CHRONICLE.
224
Then Europe
THE FINANCIAL SITUATION.
\
will join in
The bitterly cold and unusually stormy weather of the
past two weeks or more, has obstructed materially our
snow having fallen almost everydepth throughout the Northern States
as to block up wagon roads, and for much of the time railroads too. As a consequence, the movement of crops from
farmers' hands has been delayed, and over large sections
industrial development,
where, and
to such a
of the country freight trains,
and
to a considerable extent
[Vol. XL.
will
be forced to take the lead, and America
any plan which promises
success.
"With leading events thus floating in a sea of doubt,
it
only natural that Wall Street should be in sympathy.
Earnings, however, have during late weeks shown too
is
decided an improvement, and general business too strong
a disposition towards revival, to encourage any general
decline.
So the result of it all has been a- dropping off
reasons
for special
in
some
the general market, and
values, a waiting attitude to
great strength for a few of the
Of course with leading properties which advanced so materially last
such conditions as these, business for the time being suffers week. Taken as a whole, railroad affairs may be said to
seriously, and as transactions have been on a limited scale wear a decidedly encouraging look. Even the snow storms
even mail
trains,
have been interrupted.
new interference the more have come so late in the season that they are not likely to
make themselves seen in be prolonged, while all permanent conditions are tendNothing could be more
weeks, not only in gross but ing in the right direction.
so long, our merchants feel this
The same
keenly.
influences will
railroad earnings for current
in net also, because of the extra expense the companies are
reassuring
being put to in trying to keep their roads open.
1884,
these after
all
Still,
should be remembered as merely temporary
hindrances, incapable in
themselves alone of arresting,
and
than
very
weeks been in progress.
Another influence which just now helps somewhat to
check any growth in enterprise, is the change of adminisIt does not require, at a
tration which is in prospect.
period of disturbed confidence like the present, any great
good cheer as
to arrest progress; a trifling uncertainty is sufficient
to induce
capital
await events and to lead buyers to
to
suspend or defer operations.
So far
disclosed, every-
as
popular.
to-day
much
to say
wait prefer inac-
it
special
We
reviewed the
Central
last
week;
information about
in another column.
It is
not haz-
1884.
in circulation during the week,
but only to meet prompt denial, that the differences between
New York
Central and the
the
who can
New York
that railroad earnings "touched bot-
last half of
eve of settlement.
those
for
Rumors have been put
coming President; yet uatil his Cabinet is announced and
his policy definitely foreshadowed through his inaugural,
not surprising that
earnings
circumstances
months, the results have been
we have obtained some
tom" the
analyze
adverse
to future prospects.
Northwest, and give
arding
to
the
forebodings
the
published by the
returns
thing indicates that business interests are safe under the
it is
all
which have been
Such conclusions are a solid basis for
above
far
so
matter
with
prevailing during those
except for the moment, the industrial recovery which has
for
be able
to
find that
It is
West Shore were on
the
observed that the denial of the
rumors has not caused more than a fractional re-action
either
in
Central stock
or
in
the West
Shore
The possibilities involved are so wide apart, being bonJs. The latter is interpreted as indicating that probetween 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
party, though embracing many of the wisest men in the some reason improved.
The Northern Pacifies and the
country,, has at times disclosed very crude notions of Oregon stocks were favorably affected on Thursday by
financQ.
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
quixotic andjnore cautious.
reflects the increased earnings
recently shown, and it
tion.
really
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 e-xtent the benefits of the New
will be suspended before Congress adjourns.
Of course Orleans E.Kposition. The movement in the Gould specialthis 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 paris critical, for a full restoration of confidence is evidently
ties who were largely short of Union Pacific and Western
dependent upon it, while the difficulties the Treasury- Union were forced to settle and when these short contracts
must meet in case action is deferred are obvious. If, were adjusted Mr. Gould no longer had an object in
therefore, Congress should neglect to grant the needed sustaining the properties.
Probably the suspicion that
relief, we see no way out except through an extra session.
this was not the true reason had something to do with
For snowdrifts melt in time or get plowed through, and the subsequent recovery.
the crops, goods and buyers held back by them come forAn event of the week deserving of mention, but withward but nothmg 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
except the repeal of a law which is today threatening to bill declaring the land grant to the Texas & Pacific Rail;
unsettle
all
values.
On
the other
hand,
way
The vote on the bill was practically unanThe forfeiture does not affect the present Texas
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
no half-way measure suspending coinage for a time, a of all others. The Texas & Pacific Company in laying
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
coming into power
is
shrewd enough
offering a better dollar,
mise
—a hopeless
compromises.
is
to
if
the
party just
adopt an
efiEective
simply a new effort at compro-
endeavor, for natural law permits of no
The time to settle the status of silver
can only come when
compulsory
coinage
is
repealed.
forfeited.
imous.
a grant of land in
•ion acres,
The road was
State
the
those
territories estimated at
15 mil-
conditioned upon the construction of the
lands
line.
westward through Texas (in which
granted came from the State), but
built
.
Fkbbuahy
.
THE CHRONICLE
31, 1180.]
220
Grande and did not at all Ciito. BirmL. h QtTiHOT. 1884.
1888.
1889.
1881.
1890.
Jnn. I to Dm. 81.
(
*
I
*
enter Arizona or Now Mexico or do any work there.
a(),4MS,«Tl 86,110380 ai,jw30t si,i7a,4U
(JroNii fliirnlnfiii
IR.iXW.BOS U,'nW,8M 10,a*M41 10,974 JM
In the meantime the Southern raci6c had been building OpfrallDK •ip«DH*.
»,m,(
I'acific at a
18.416,108 i8.8<e,7s»! io,aH,4a8i WMtioab U.r'SII
Net.,
east, from ("alifornia, and met the Texas &
Southern
PacThe
Grande.
Rio
the
near
point
junction
Thus both gross and net have been but once exceeded,
been strenuously fighting the Texas &
ific people had
and that was in 1883. As to the outlook for the futuret
Pacific enterprise from the very beginning, and one of the
it
would not be surprising if 1885 marked anotheif
behalf, and
strongest arguments wivanced on their
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
Southern Pacific was
the
public notice, was that
heavy movement of corn in 1 885. As we show on another
aid
or
Congressional
without
Une
its
building
in our article on Chicago & Northwestern, the States
the
at
stopped
Rio
page,
therefore, a Southdid not desire any
assured
without help,
being
route
trans-Continental
land grant, and
—
;
Iowa and Nebraska and it is in these States that the
& Quincy has a good part of its mileage raised
there was no reason wliy Congress should subsidize the
bushels more corn in 1884 than in 1883, and
million
104
Texas & Pacific. But time works wonderful changes, and this is sure to exercise a telling effect upon railroad earnwhen, in 1881, Mr. Gould (who had succeeded Thomas A.
ings 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 transRates have been steady, with a continued
this week.
fer title to a land grant that had never been earned by the
demand for long sterling for investment and more or less
company, and which, moreover, appears to have lapsed in liberal offerings of maturing short bills. Money in the
It IS this land grant that Congress declares fortime.
open market in London has more closely approached the
feited, and those anxious about grants to other companies
Bank minimum, it being influenced by the reverses in
will see the lack of resemblance between such grants and
the Soudan, which call for still larger expenditures,
that to the Texas k Pacific.
and therefore of shipments of gold to Egypt by the
Chicago Burlington <t Quincy is one of the few roads
Government. The supply of commercial bills has been
that report decreased net earnings for the month of Decemlessened by the interruption to the export movement
ber, 188-1, as compared with December, 1883. The falling
caused by the severe weather and western storms, and also
oS reaches $123,772, and is the result of a decrease of by the advance in breadstuffs.
$110,51)1 in gross receipts and an increase of $13,211 in
Money, represented by brokers' balances, continues in a
The net were not particularly large, either, in
expenses.
little better demand, the rates ruling from 1 to 2 per cent.
December, 1883, which makes the present falling of! the
The movement at interior centres has been interrupted by
more noteworthy. "We presume that lower rates and a the snow embargo, and exchange at Chicago on New York
smaller corn movement account in some measure for the
With this exception
has consequently been unsettled.
change, but see that of the $1 10,561 decrease, no less than
rates have not been materially altered during the week.
$76,062 is in passenger business. As December completes
The following statement shows receipts and shipments of
the year, however, more interest attaches to the result for
gold and currency by the New York banks during the week.
that period, and we find that the net for the 12 months
em
of
—
Burlington
,
reach only 812.415,103 in 1884, against $13,329,739 in 1883,
At
ITMk Sndtng
S»eMA)tH
Fel). 20, 188S.
^
tut
S.T. Bankl.
SMpptdbv
WW Interior
N.T.Bankl.
Montment.
would seem a
11.1)08,000
Gain..tl,a<!7,000
Cnrrenoy..
J241.000
2IW.0O0
50,000
818,000
Loss.
very unfavorable showing, but when viewed in the light 'JoM
»1,S58,000
tS59.000
Gain.. »(iB»,000
Total (Old and legal tendera.
of the conditions that have prevailed and the basis on whicli
the comparison is made, one is forced to modify his concluThe above shows the actual changes in the bank holdings
In 1883 the total had been very heavy, so much so
sions.
of gold and currency caused by this movement to and from
nearly 2^ milthat the increase over 1882 was $2,447,000
the interior. In addition to that movement, the banks have
And of this gain of 2^ millions somewhat less
lion dollars
lost $2,500,000 through the operations of the Sub-Treasthan a million was lost in 1884, which is not large, considury.
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
a diminution of $914,636.
first
sight this
.
,
—
1
.
important circumstance, for the Burlington
we have
repeatedly said,
Northwest.
The extent
is
all
Quincy, as
of the falling off in the
of this cereal will be evident
the receipts by
&
the largest corn carrier in the
when we say
movement
that at Chicago
roads during 52 weeks of 1884 were only
Wttk Bndin] Feb.
Inu Bankt.
20, 188S.
Sanks' Intertor MoTement, a s abOTe
8ul>.Tre»sury operations, net
Total gold and legal tenders
The Bank
Net Otumtt «n
Ihttof Banks
Bank
11,558,000
11,558.000
Boldintt.
K59.000
Gain.
t099.oao
2,500,000
Loss.
2,.)00,000
13,059,000
Loss. Jl,501,000
England reports a gain of £702,821 bullion
This represents £237,000 received from
bushels, and this had its effect upon freight earnings, as we abroad and £465,821 from the interior.
The Bank of
In France shows an increase of 2,467,000 francs gold and
see in the decrease of $999,729 reported in the same.
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. Tue following
58,607,769 bushels, while in 1883 they had been 74,190,213
of
for the week.
—
varying changes being total gross earnings
effect of these
$626,698
less
indicates the
amount
February 19, 1885.
of $287,938 in expenses gives us the $914,636 loss in net
already reported.
net, in
The following shows the gross and
I>ecember and the twelve months, for
cmc. BuuL. & Qumcv.
1884.
Deccmhtr.
OroMearninifa
Operatlug expenses
Net
of bullion in the
European banks.
than in 1883, and this with an augmentation
1833.
1882.
2,0e0.337'
(
2.170918
2.087.000
I.0U.3S0'
909.128
1.(I4S,018>
1.171,790
t
five
1881.
f
1,905.49«
STi.tesI
1.260,418
Gold.
years past
1.0»l,2«l
1880.
t
1,S32.018
681.411
870.007
Silver.
February 21, 1884.
(kM.
Biiter.
M
Bank
Bank
Bank
of England
of France
of Qenuany
Total thl« week
Total prerloiu week
22,250,336
23.695.777
40.173.184 41.495,241 39.386,357 40.034,048
7,035,750 21,167,250 7,773,500 '23,320,500
70,924,711 «2,682,494 i;9,410,193 63,354,548
0,061.958 H2,242.S4(i 68.475.194 ii3.027,059
_
,
THE CHRONICLE.
226
The Assay Office paid $193,160 for domestic bullioa
during the week, and the Assistant Treasurer received
the following from the Custom House.
OonnsHng of—
lyulia.
I>aU.
(hid.
"
16.
17.
"
«"
IS
••
19.
$2,657,050 22
Total
Gold
Notes.
Oertifle'i.
Uflcatea.
$97,000
156,000
231,000
303,000
49,000
145,000
$30,000
234,000
167.000
158,000
94,000
195.000
$95,000
172,000
87,000
110,000
103,000
81,000
$17,000 $1,050,000
$93S,00C
$650,000
$1,000
2.000
2,000
4,000
3,000
2,000
61
15
68
34
72
69
$286,148
564,503
490,849
641,S16
250,859
422,868
Feb. 13.
" 14
U.S.
Silver Oer-
—
._
OUTLOOK FOB CHICAGO
and for some time
present,
NORTHWEST.
<{;
past, there
XL.
Here we see that wliilo gross earnings in the seven
months declined over a million and 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 condition, but such a view is hardly borne out by the figures,
—
for the ratio
expenses to earnings
of
is
over 53 per
which is neither very low itself (for a road in this
section), nor low for the period of the year embraced. The
cent,
truth appears to be, that expenses increased very heavily
and that now a successful
in previous years,
How
been made to reduce them again.
have been un
ii8ual"difEerences of opinion as to the merits of Chicago
& Northwestern stock. On the one side it is claimed that dividends can be maintained and even increased if the manage'
At
[Vol.
has
effort
heavily expenses
had increased is shown in the fact that while between 1881
and 1883, in these same seven months, gross earnings rose
from $15,112,925 to $16,348,171, net actually fell off
from $8,092,970 to $7,424,670.
The seven months given, cover not only the larger part
ment are so disposed, and on the other (including by far the but the best part of the company's year still, in any estimost adherents)that dividends will have to be greatly reduced mate of results the outcome of the remaining five months
or perhaps suspended altogether on the common stock. Both is almost equally important.
With a loss of $471,000
sides adduce reasons which, according to their way of think. thus far established, what is the prospect for the five
;
all the arguments we months yet to hear from ?
The answer to this question
one position or the other, have depends upon two circumstances chiefly the state of the
been singularly inconclusive usually with nothing more weather, and the movement of the crops. The yield of thesubstantial to rest on than conjecture or hypothesis.
crops, but more particularly the yield of corn, is always
ing, support the
have seen
claims made, but
—
to sustain either the
—
Without dsubt
this year
it is
extremely
difficult to forecast results
— 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
gross earnings recorded
November. A s
tant, there
during the period from
to the latter,
has been
much
which
off in
May
by far the most impor-
is
speculation as to the effect
decrease has had on net earnings.
to
the
In these six months gross
and the question was,
net or whether it had been
receipts diminished over $1,700,000,
whether
this
was a
clear loss in
an element of great importance in determining the road's
For several years the production
prosperity.
of corn in the
traversed by the road has been very poor, and this
sectiofi
has had a considerable effect on
its
In 1884,
earnings.
however, the yield was excellent, and this offers the prospect of a very heavy grain
come.
It is
not generally
in the yield of cereals
give below
the
traffic
has been in
figures
for
almost
for
known how
a
year to
great the increase
we
the Northwest, so
three years past,
for
both
wheat and corn, in the States and territories through
which the road passes, namely, Iowa, Minnesota, Wisconwas this doubt chiefly that led to the rumors, preceding sin, and Dakota, and also, add the production of Nebraska,
the declaration of the usual dividends in December, that
which State is tributary to the system, especially now that
the dividends were to be reduced.
The rumors proved to the Blair roads are controlled.by it.
be unfounded, but no information about the net earnings
was forthcoming. The most that Vice-President Sykes
state.
1882.
1884.
1S83.
1883.
188J.
18S1.
would say was that they had been " satisfactory " and that
the dividends had been earned.
This was good enough as Iowa... bush. 252,600,000 169,629,000 175,487.800 31,270,000 27,513,800 25,487,20»
by a reduction
met, in large part or small,
in expenses.
It
went, but an exact statement of the road's affairs
was what stockholders and the public had been looking for.
far as
jt
To supply the demand caused ly this absence
results, we have made efforts, as in past years,
Minnesota...
Wisconsin...
.
of official
to get at
Total
least the figures of net earnings, and have again been successful in obtaining them, not only for the first half of the
fiscal year, but for the seven months to the end of Decem-
mainly
ber, an exhibit of
which
herewith subjoined, in comparison with the earnings for three previous years. It sliould
be said that we have had to rearrange the figures for past
is
years, because the expenses for 1884
which therefore had
do not include taxes
be taken out in the other years
also, to make the comparison even.
"We should say, too
that though our information does not come from the
com-
pany's
office, it is
to
nevertheless exact.
1884.
Hot.
Orou
1883.
mt
Orost
»
*
1882.
1881,
Gross
lift
Ket
Orosa
Set
Earn'a$. Eara'm. Eam^gs. Eam'ga. Bam'gt. Bam'gg.
Bam'gs. Barn'gs.
*
June.
1
l,996.2-i5^
S,W,2flS 2,213,022
July.. 1.976,1 r7|
700,M2
AUR.
2,027,(1R2
8llK,i>55
Total
*
$
t
:8«.%120 2,04:1,516
t
1
t
922,660 2,306,440 1,218,313
97:),085 1.083,«S1
980,560
twD.oes 2.039,9,TO
2,403,459 1,081,424 2,211,023 1,032,497 2,315,184
1,2;)6,935
Sept. 2..S4<l,fll4 1,187,601 2,(M7,9(5B 1,890,196 2,553,041
1,358,917 2,292,077 1 823 068
Oct... 2,52;l,H13 1,837,85.3 2,79;t,092 1.477,305 2,801,445
1,412,381 2,341,098 1,293,246
l.SSW.SOe 988,483 2,388,5)2 1.075,311 2,I0O,4.'J.S
950,781 2,010,038 1,123,197
Dec.. 1,951,745 910,780 l,780,.'>,'in 6)2,iMt 1,826,921
TB^ia' 1,855,477 922,651
6.95.f.2«S
2.1flO.(i.Sl
*
P08S earn! nK8 for s jven
".424,(!7>
mon Ihs
in
U 84.
X-
?.448.S.Vi
*
-*.092.970
.
.
.
all.
Thus
32,201,600
41,307,000
20,083,000
4,950,000
28,330,000
16,128,000
11,460,000-
316,380,000 213,248,155 238,486.800 114,090,000
132,100,(100 101,278,900 83,478,200 28,325,000
97,024,900
03,123,100
27,481,800
18,300.030-
'
438,480,000 814,527.055 815,945.000 143,315,000 124,506,200 111,423,100
in
the four States in which the company's lines
the production of corn has increased over 100
lie,
about 50 per cent, and in Nebraska
million bushels, or
there has been
making 124
is
33.030,500
83,143,400
21.127,600
Dakota
Total
Nebraska..
33,773,300
19,604.900
15,124,800
23,579,300
13.950,000
4,916,055
23,630,000
20,200,000
a farther increase of 2
1
million bushels,
It
million bushels increase in the five States.
to be noticed, too, that 83 millions of the total increase
occurs in
the State of
1,048 miles of road
of
the
system.
Iowa, in which the
— nearly one-third
the
company
entire
has-
mileage
This large corn crop did not begin t»
any considerable amount till January, 1885, sa
its effects were not seen in the seven months of the fiscal
But all through the rest of the
year that have elapsed.
move
in
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
year,
course of general business
—
— farmers can spend nothing
if
they raise nothing and an augmentation of 124 million,
bushels in the production in a single year means a great
and in more than one sense. Other things
little doubt that the present
months would exhibit a decided improvement in earn
deal, therefore,
being the same, there could be
X14.N flXlA- In lUltl All
five
-
Fkbruasy
inga over
THE CHRONICLE
21, 188B.]
corresponding
the.
five
months of 1884.
Hut
here comos in the state of the weather to influence the
Wliat the effect of this may bo, we can best see by
result.
«xamining the figures for previous years, and these we
anno.x below by months for four years.
both the Iowa and
Nebraska lines, while, as stated, only
Iowa form part of the Northwestern system and
its weekly and monthly statements of earnings.
those in
count
in
That
a distinction not one person in a hundred seems
is
to understand,
any one can
1S83.
1884.
ironlk.
Orou
Krt
Eam'ot. JCam'va
1881.
Onu
Orou
Oro$a
Bam'i/t.
t
t
1882.
Barn'ti- Bam*0f. Kam*gi.
*
»
«
I
Jan.... 1,S(»,4I9
3*3.(107 1,367.033
833,803 t,e44,9aa
Feb.... l.SOI.IOl
4n,l»3 1,311.3U3
taa,an 3,0^1.303
!U8,604 1,474.170
014.030
WW.SOl 1,078.931
fl09,0»3 1,178,706
047,3»4' 1,474,618
Uarch
1.71)6.910
1
633,113 I.7M.S7U
Ma7..|<i.<n8.8>9 1.0Oft,839 3.ia7,3oe
ADrtl.. l,8a«,t<M
Total.. I8,6TI|.45S 3,U7.eiO
how much
NH
SS 1,330
l.e<)8.74l
333,153 3,110.047
M7S,8»6
377,441
108,010
903,804
and yet
For
it is
of very great
this
see.
of the
millions
reason
it is
importance, as
know
essential to
indebtedness assumed
is on
and how much in Iowa, for it ia
the former must be treated quite differently
1 1
the system in Nebraska,
evident that
»
09(1,804 1.340,007
227
—
latter
its earnings may be sufficient to take care
own portion of the debt. Bearing this in mind, we
can see how erroneous is the disposition, so common, to
from the
of its
080.341
013,932 1,878,006 I,38S.8»7
8.S71.7SI 3,474,613 0,786,886 8,607,370
whole
millions debt a charge against
"We find that in a circular issued
lasf April the debt of the Iowa Blair roads was stated at
Deducting that from the sum given, would
$4,915,000.
consider
the
1
1
Northwestern earnings.
In Studying the above,
was
in 1881 that
severity,
we had
it
should bo remembered that
it
the winter weather of unparalelled
when snows and ice everywhere interfered with leave $6,234,600 as
The consequence was that net earnings for whose earnings are
operations.
the five months reached only $2,667,270, whereas in the
very next year, with no such embargo on business, they
mounted up
to
$3,474,012,
or $800,000
weather
affects
way,
in reducing gross receipts
first
ing expenses.
weather, but
yet
it
it
the
railroads
Such
more.
unfavorably in
a
double
tinction
the debt of the Nebraska Blair roads,
separately reported.
With
this dis-
between the two kinds of debt established,
it
will
be interesting to see what amount of funded obligations
the Chicago & Northwestern is carrying at the present
time.
We
will take
simply the debt outstanding
May
31,
and secondly in swell- 1884, and add the four millions of debentures since
Tn 1883 also there was some loss from the put out and the debt of the Blair roads.
The following
was much less important than in 1881, and is the result,
had the
effect
of
$3,474,612 to $3,179,749
cutting
—on
the
net
down
tforA
an increased amount of
noDdg outstandinK May 31, 1884
Debt of Blair roads in Iowa, assumed
$80,891,000
4,915,000
4,000.000
In 1881 the bad weather extended New five percent debentures
Tutaldebt proper
$89,806,000
through the whole of the first three months of the year;
6,334,600
in 1883 it was confined chiefly to January and February. Debtor Blair roads In Nebraska
of
all
Total
$96,040,600
In 1884, there was comparatively little trouble from this circumstance, but business was bad and rates were low, and the
As to the interest charge that this debt will entail, the
road did not therefore recover its loss of net. These facts $80,891,000 bonds out May 31, require $.), 141,900; the
about the weather are particularly important, because we $4,915,000 of bonds on the Iowa Blair roads bear 7 per
are at present passing through an experience very similar cent interest and require .$344,050; and the 4 millions of
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 los3 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
should allow for a decided increase in earnings as a result held, which would give $376,600. This is nowhere men"
of the augmented yield of com, considering the prominent tioned as income in the company's report, but we suppose
part played by bad weather, similar to the present, in the that the practice is to state only the ?iei amount of interest
past, we do not feel justified in adding anything to the paid.
Certain it is, that in the previous year the comgross business too.
net earnings returned for the five months of 1884.
Corn
will bring some increase, even despite the weather no
pany reported only $4,527,235 as paid for interest, while
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 differoperating, and the fairest way of treating the matter seems enceof $441,915, which would be further augmented if
to be to consider one as offsetting the other.
Viewed in we allowed for the debt put out during the progress of
this light, the loss of $471,000 for the seven months will that year.
The difference, it will be seen, is much greater
also be the loss for the full year
that is, instead of $10,- than the amount of the Omaha dividend received, so there
552,288 net earnings, as in the fiscal year 1883-4, the must have been some miscellaneous income beside. Estii
year 1884-5 will show net of $10,080,880.
mating this roughly at $100,000, and considering it
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 $5,035,950 interest calculated above,
relation assumed towards the Blair roads in Iowa and Ne- making the net amount $5,159,350
or an increase over
The Iowa roads have hitherto been included in the late year of $632,115.
braska.
the Northwestern system, and are still included, but inOn the other hand, of the $1,568,704 paid for rentals in
instead of operating them for a certain rental, the North- the late year, $1,497,188 was on the Iowa lines, which
western now simply meets the interest on their outstand- will reduce the amount to $71,516 in the present year.
ing bonds, their stock having been exchanged into that Sinking funds we may take the same as in 1883-4,
—
—
of it8 own.
The result of
item of "payments for rentals"
extinguished, that
the
be
that
the
this
will
will
be almost entirely
requirement for dividends will be
correspondingly enlarged, and that there will also be an
$83,000.
Taxes we
will take at the actual figure for the
the calendar year 1884
than in the
fiscal
—$688,921—or about $16,000 more
year 1883-4.
The new stock
issued (in
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
ing the consolidation with the Blair roads, it was stated that from the $1,497,000 saving in rentals, cuts that
that the total amount of bonds and obligations assumed for amount down to $464,000, against which there is the
roads was $11,149,600.
This, however, included $632,000 increase in interest and $16,000 increase in
THE CHRONICLE.
228
—a net
increase in
charges
of $184,000.
all
Adding now
requirements of every sort
the |471,000 loss in net earn-
may be termed
to the
fVoL. XL.
the Congressional year be transferred, say,
Fourth of July.
We owe the present system of bringing the life of Conand we get $655,000 as the full comparative loss bethe
in
gress
to an end on the 4 th of March not to the convention
1883-4.
As
year
year
and
the
current
the
tween
latter year there was a surplus, on the twelve months' which formed the Constitution, but to the -last Congress
operations, of ii5761,258, this would still leave a margin of under the Confederation and the first under the Constitu-
ings,
tion. The convention of 1787 contributed to the manufacbe claimed that we have made no allowance for ture of the short session only the clause in the Constitution
interest on the debt of the Blair roads in Nebraska, but which fixed the annual meeting of Congress on the first
As figured above, there is Monday in December, unless by law another day should
that is very easily disposed of.
over $100,000.
It
may
But the last Congress under the Confedera$6,234,600 of debt on these roads, which bears interest be assigned.
the
Calling
tion,
after
waiting
cent.
a long time for the adoption of the
per
cent
and
partly
at
per
partly at 6
7
average
6^, the
—
As to the Constitution by the New York convention the
we can obtain insured the trial of the new form of government
charge on the same is $405,210.
earnings of the system, the latest figures
We
are those for the year ended June 30, 1884.
in that year the
Sioux City
&
Pacific,
find that
(which operates the
wrangle over the question as
in a long
of
government should
be.
When
to
which
act
—engaged
where the seat
was
at last the decision
this Nebraska sys- in favor of the city of New York, Congress adopted a vote
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,
In previous that they should meet and vote on the first Wednesday in
matters usually omit in their calculations.
years there was the rental of the Fremont Elkhorn & February, and that the first Congress under the ConstituMissouri 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 4 th (?f March, it wa? mor? than three veeks before a quo-
whole 418 miles of road embraced in
tem), earned $1,359,023
gross
to itself.
So from the $521,940 net earnings given, we
have only to deduct $405,210 of interest, and on that
basis there would be a balance of $116,730 to add to that
already shown on the Northwestern itself, making a total
it
rum
of
senators and representatives assembled, the votes
until the 6th of April, and Washington
and Adams were inaugurated on the 30th of that month.
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
would be the showing.
reasons for so doing are obvious.
Inasmuch as the term
Net earnings seven months ended Dec 31.1 884 (actual)
$6,953,261 of Congress had begun on the 4th of Marcn, 1789, it would
Do
five months ended May 31, '85 (sarae as in '84)
3,127,619 be a usurpation for it to continue in session beyond the corresponding date in 1791, and it was deemed best that the
Total for year
$10,083,&80
.
Taxes (amount actually paid in 12 moa. end'g Dec. 31,
were not counted
. .
'84).
688.921
Amount available
$9,391,959
ChargeaEentals of leased roads in '8 5-84. $1,568,704
Less rental ef Iowa Blair loads
1,467,188—
$71,516
Sinking funds In 1883-84
83,000
Int. on debt May, '84. $5,141, 900
Add int. on new deben.
150,000
Int. on la. Blair roads.
344,0 'O— $5,635,950
Deduct div. on Omaha pf.8t'k,&c.
476,600—$5,lf 9,350- 5,313,866
period of service of the President should close on the
day as the
life
A
of a Congress expired.
same
change could not
be made subsequently, except by amendment of the Constitution,
and that course Congress has not yet seen
fit
to
.
Result on Northwestern system proper
Net Sioux City & Pac. year ended June 30,
Interest on debt of Nebraska Blair roads
Amount available
$4,078,093
'81.
$521,940
405,310-
for stock
116,730
stock ($31,365,900) at 7 p.
requires $2,195,613
Pref. stock ($22,323,900) at 8 p. e. requires.... 1,785,912- 3 081,525
Surplus beyond regular dividends
We
think the above
made under the
be
is
$213,29-
as close an approximation as can
circumstances.
We may
No
one will think that the present system would ever
have been deliberately established, in
fect one.
A
forcible
all its parts,
as a per-
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-
$4,194,823
Common
adopt.
say that there
some minor items not taken into account by us, because
they are unimportant in themselves and not likely to aSect
the result materially, and would, if introduced, merely
are
Land sales, of course, are altogether
omitted, as they never form part of the company's ordin-
confuse the reader.
ary accounts.
ber and the 4 th of March
must be done
in
is
too short for the
work that
Nothing of any importance
it.
is
ever
accomplished until after the holiday recess, so practically
There
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
the session begins about, say, the 5th of January.
are then remaining of the session eight
from discharging their duties to their own satisfaction or
to that of the people. Whatever, in addition to the appropriation acts, gets through Congress at the " short session " cannot receive the consideration that should be given
THS ••SHORT SESSION" OF GONORESS.
The multitude of 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
has certainly never been urged as
it should be.
refer to the
proposition that the date of beginning and ending
what
its
it
merits deserve that
We
permanent general laws.
Without wasting time and space in showing what every
one who reflects upon it will readily admit is not a satisfactory 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
somewhat as follows
" The term of office of the President and Vice-President
of the United States, of Senators, and of Representatives,
to
:
, '
Fkbruabt
THE CHRONICLR
21, 1885.]
229
which would expire on the 3d of March, 1889, are exYou are right, also, as to the part taken by the corporation
itself im this gambling game; it is simply the stakeholder,
tended to and shall expire on the 3d of July, 1889."
Were such an amendment to be adopted it would make without liability. The policy-holders are the ones who play;
they fumiah the pool; the corporation holds it, and at the end
once for all a change that is greatly needed. It would
of the game turns over to the winners what it baa on band;
give to Congress as much time for its second session as
it Jcannot be compelled to show what It received nor what
Congress itself has usually deemed necessary for its first it has done with it, nor whether it has turned over all. The
Furthermore, the expiration of a Congressional
session.
term being fixed on the 3d of July, would coincide almost
and the reason
exactly with the close of the fiscal year
corporation has nothing at risk; it is only the families of the
policy holders whose protection depends upon what the pool
U made up of, that have anything at risk there. Whatever
;
men
or their families
may
lose,
the corporation cannot lose;
it
June
haa bet nothing in the pool; it has only procured others to do
is that it makes the birthday of a new Congress and the
so, and it holds and has the use of the money without
inauguration of a new President fall on the Fourth of account.
for choosing the 3d of July rather than the 30th of
The question is wholly "one for the assured to determine."
But by what principle shall he determine ? By precisely that
which differentiates "all insurance" in its relations to public or
stricted session is another, often remarked upon, that of a
private morals from "a game of chance" involving money.
too long period between the time a House of RepresentaInsurance is a scheme whereby men or families exposed to a
tives is elected and when the members begin their actual
given loss, without their own fault, undertake
July, as they naturally should.
Somewhat
closely connected with the evil of a too re-
so to bear the
term of
The members elected on November
meet on the 2d of December, 1885. There
service.
1884, will
first
4,
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
With the present facilities for travel and communilater.
cation the returns can be collected and canvassed, the result 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 beginning 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
useful to
make
this
change,
also, in
view of the provision
of the Constitution relative to the choice of a President in
cases where the electors have failed to give a majority to
any candidate. Under the present system, if no President
were chosen by the electors the choice would be made by
a House of Representatives which was elected in 1882.
Under the proposed system a House of Representatives
elected in 1883 would make the choice of a President.
We
make these suggestions now because the evils connected 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
ositions
;
it is
necessary, therefore, to discuss prop-
a long while before they will be even seriously
considered.
whole
common
that no one
"A game of chance" involving money
man takes of his own, that which does
the Editor of the
Financial Chronicle :
Dear Sir— Permit me, it possible, to make clearer the precise 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
companies practicing it." To accumulate the reserves forfeited 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
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 lias
from
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,
title,
own control and action are absolute and final—
weaken the corporation practicing it, either as to
solvency or as to working capital for the promotion
over which
its
this does not
financial
of
its
schemes.
is
a scheme whereby
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 which
he is responsible, and stakes its loss to them, on some agreed
a
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.
among many, according to the doca 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 incidence 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 deliberately put at hazard upon it.
In insurance one risks his premiums, because only bo is he
protected against the risk of a much greater loss which he haa
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
deUberately and needlessly exposes himself to a loss that he
may perhaps inflict a loss upon some one else.
In Ufe insurance the true man must act, not for himself, but
for his family to protect them he is willing to lose his premiums, 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 indulging in a pure "game of chance."'
Insurance
the division
is
trine of probabilities, of
;
—
—
not weaken the company : it receives the money and
many years without liability. The company is not
But, that it may hold
gambling it simply holds the stakes.
the stakes, the company has invited the heads of families, the
creators of their homes whose lives are the only stay of those
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
neces--ity; that is the iniquity of Tontine.
There is no doubt how the family would determine the
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 understood.
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
insiu-ance 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 wil'
have to drop." The paid-up protection to familiea involved
holds
it
:
To
or
could avert.
It does
TONTINE LIFE INSURANCE.
man
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
loss in
—
—
.
.
THE CHRONICLE.
:^30
and
The following are the present
And the
risk of loss,
,
apparent on the face of things and is not menpoint of perspective offered is not one's own
of another. Respectfully yours,
that
but
lost is not
tioned.
[Vol. XL.
Jacob
,
L.
Open market
V
money.
prices for
IntereM allowed
Jot (Upojit* by
rates.
_
.
^
Greene.
Trade
Bank BiUt.
Bills.
?
S\
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
gXCBANBE AT LONDON— Feb.
6.
BXaBANOE ON LONDON.
Jan.
"
2 5
5
"
16 6
28 5
••
SO,
•'
On—
Ameterdam.
Sight.
*•
Berlin
Frankfort...
If
**
Vienna
n
Trieste
Antwerp
*'
Bt. Petersb'if
*'
"
Bombay
25-34
25-33
S 3 mos.
5
25 -42 la
47-50
Konjf.
Bbauf^hal
Feb.
463ieii465jfl
20-50
12-35
253,R
463i6®465ifl
Is.
73ifcd.
«•
Is.
73,8d.
•
20-33%
25-3m®25-30i4
Jan.
Feb.
Feb.
Feb.
Feb.
Feb.
.(
HonK
SH-SK
5 Rlnrt.'
5 3 mos.
5 Checks
dem'nd
Calcutta ....
New York...
|SX-3X
The 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:
«
'*
8
3
20-50
"
'*
sh\sh-sh
3
3
1210
*'
CoDstant'ple
3M
5 3 mos
5
5 Short.
5
Short.
Alexandria
SHnom SJ^nom SH^Sii 3,'inom 3Ji®35i
5 Short.
»20-69
»20-70
a20-70
3 mos. •20-«7!3«20-';2i« Feb.
Usbon
s^m Si^- SW^i 3^34 3?J®3J«
3«9- 3?^ - SH'3> -:3«939< 3«®3JS,S«®3«
3563
4)4-4«.
3H 3H-3H
»H SH-SH
Feb.
121% • 12-2%
123% 012-414
Genoa
Cadiz
4
4?i'a
Feb.
Feb.
2066
20-66
Feb.
®12-52ifl Feb.
la-.'iO
12-50 ® 12-52 >«
25-53% 25-58^4 Feb.
24llio»21i3,, Feb.
Feb.
DaU.
Paris
Paris
Madrid
-m» -m<i - m
SHm 8X
m@- 3Jt® - 4 a -- 4H® -- 35<®4
i%%^ SH^mi sm- 4M®
4«« i^^i'd 8M
-
m%
3%® -
Feb.
20-65
•*
Duet Wte
|
Sate.
SaU.
.
_.„
1
^'»«-
Time.
Atneterdam. 3 mos.
HainbnrK
Laiett
Joint
At 7(ol*
Four
Three
Six
Stock
Six
Four
Xonths Monthe Months Months Months Months Banks. fall. Days.
Three
->
110-37
3 mos.
Is.
Is.
tel. tsffl
7ii6d.
733od.
4-87
38. GTed.
4s. lid.
4 mos.
61 :
3;-^®35<
1885.
Clronlatlon exoludlng
£
Bauk post bills .... 24,310.285
Public deposits
7,118,413
Other deposits
22,941,158
Glovemm't securities. 13.653,665
Other securities
20.593,446
Res'veofuotes&ooin 13,935,671
Coin and bullion in
both departments.. 22,545,356
Proport'n of reserve
46-22
to liabilities
4 p. c.
Bank rate
Consols
lOQiiB
348.61.
EuK. wheat, av. price
SSgd.
Mid. Upland cotton..
No. 40
mule
1884.
£
«
25.190,175
25.115,355
5,787,-202
6,803, 119-
22,019,000
11,883,372
21,230,231
12,955,652
22.931.026
21,496,986 22,395,827
19,301.065
12.510313
25.f,43,659
9.935,710-
46i8
40»s
3>sp. c.
SB's
6
4p. c.
102i8d.
40s. 6d.
lOl'ed.
378. 9d.
9^i.
p. 0.
995sd.
46«. Id.
RHA.
9%d.
5^(1.
938d.
twist....
1882.
1883.
£
25,034,485
7,799,472
22,174,330
14,453,003
21,4 10,677
12,212,501
63, ^d.
lOied.
Clearmg-Houseret'n. 133,647,000 119,107,000 108,635,000 101,396,000
From onr own oorresponaent.
London, Saturday, Feb. 7, 1885.
The Bank rate of discount and open market rates at theIndications have not been wanting this -week that trade in chief Continental cities now and for the previous three woekB
some of its minor branches -was exhibiting more steadiness. have been as follows:
The Ituen industries especially were improving, and the hope
1
I
was expressed that
this
commencement would
Feiritary
gradually ex-
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
tend
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 England 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 improvement in the succeeding statements was hailed with considerable satisfaction. There was no doubt that discussion
in commercial circles was becoming less gloomy and that the
spring trade was being looked forward to b opef ully Confidence
seemed to be the chief element wanted, and if only that could
be secured a quietly remunerative business, with a minimum
.
January
0.
29.
January
January IK
22.
Sates of
itself
Interest at
Bank Open
BaU. Market
Bank Open
BaU. Markei
Bank
open
Rat*.
Market
2H
Frankfort
a
«
4
Hamburg
Amsterdam
t
3
3
3
Madrid
3«
4H
2«
SH
4«
an
4
*H
an
6
S
6
6
5
5
Paris
St.
,....
Petersburg..
~3
~h' "~8
3H
2«
«
4«
3H
e
8
3!4
*H
5
CopenbaKen
Bank
Open
Sate.
Market-
s
»H
SH
~m'
4
4
4
a<4
an
3
8
4
4«
4«
3M
8
5
In reference to the state of the bullion market, Messrs. Pixley
& Abell observe
:
considerable amount of Boverelens has been taken from the
Ban* since our last for transmission to Egypt and the Brazils, the total
withdrawn beinc £180,000. There is no demand for bars tor export,
and the arrivals during the week have been sent into the Bank, amounting to £334,000. We have received £70,000 from New Zealand, £14,400
Gold— A
from
Bra/.ils,
£98,470 from Australia, £1.100 from India— £183,970.
was apparently within reach. The Pleiades has taken £^0,000 to Montevideo; the W. I. Steamer,
to Brazils; and the P. & O. Steamer, £100,000 to Bgypt.
But our hopes have been suddenly and cruelly dashed by the £5.000
Silver.— The Eiisteru exchanges have risen, and, as a consequence,
disastrous news from the Soudan. The faU of Khartoum, the price of bar silver has Improved. Considerable business has been
done at rates from 4938d. to 49i2d. to 49»i<id. per oz this last being the
occurring at a moment when the town was regarded as prac- quotation for this day. The amounts to hand this week are, £36,720
from
New York, and £33,000 from River Plate-£09,720. The P. and
tically occupied by British troops, came like a thunderclap
O. Steamer has taken £183,900 to India.
'lipon us, and we have not yet recovered from its stunning
Mexican Dollars.—There have been no arrivals, and we are unable to
of speculation to start with,
;
'
''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
can be no doubt that trade will suffer from this extension of
the dispute, and con.sequentiy unless the tenor of news from
the seat of war speedily changes for the better, we may consider that the initiative of an improved commercial status
is again indefinitely postponed.
The money market has not developed any great feature.
The earlier part of the week witnessed a decided tendency towards ease, which was encouraged by the low rates at which
the Treasury bills were placed but the close of the week has
shown more firmness, and whereas at the commencement
three months' bills were weak at 3'| per cent at the close the
charge was S}.^ per cent. The explanation of this seems to be
the gradual reduction of floating balances by the revenue collectors.
As this process goes on the Bank will gradually obtain 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 proportion of reserve to liabilities was about 1 per cent higher
than
;
.
last
week.
give any quotation.
The quotations
Price of Gold.
for bullion are reported as follows:
Feb.
a.
6.
d.
Bar gold, fine., 02. 77 9
Bar gold, contaln'g.
20dwts. silver. OK. 77 lOX
Span doubloons. oz.
.
S.
Am. doubloons. oz
Jan,
Price of SUver.
29.
d.
».
77
9
.
.
5.
i.
Jan. 29.
d.
Bar «nver.flne..o«.!4»«-o-l0
Bar sllver.contaln-
49X
«U 15-16
49H
5SH
77 lOii
...
Feb.
lng5gT8.g0ld..0I.
Cake silver
oz. o3H
Mexican dols. ..os.
•
48
The Bank of England have disposed of £3,065,000 Treasurybills at three months
The allotments were In
£1,611,000 and at six months £4o4,000. Tenders for bills at
three nJonths at £99 4s, 9d, and above received in full, and
for bills at six months at £93 10s. Id. about 5'i per cent, above
in full. The average rate for the three months' bills was £3 Os.
3J^d., and six months £3 19s, J^d. 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 £3 7s, 6d per cent.
Messrs. Glyn, Mills, Currie & Co. have issued their iiromised
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
bills,
:
to 80 per cent of the liabilities.
Viscount Monck, in addressing the meeting of the share-
holders of the Anglo- American Telegraph Company yesterday
1
,
Fbdhuaby
THE ^HRONXOLE.
21, 1885.]
naturally referred to the competition with the Maclcay-TU^nnett
calilo, anil reinarkod that it hail come at a very unfortunate
^l
The production of pig iron laat month was 202,000 tona, an Increase of 1,N00 tons upon December, 155,000 ton* of thin being
time for tlie Auglo- American Company. He stated that it was Cleveland iron, and the remainder hematite.
obvious that there was very little use approacliing the MaclcayThe grain trade has again relapsed into a depressed condition,
Bennett iieoplo for a compromise until tliey ha<l asi'ertaincd Wlieat has given way 1b. to 2b. per fjr., and has finished up
for themselves what their future would probably bo.
Vis- dull. As was expected, the period of southwesterly winds has
count Monck did not lilio to indiilge in prophecy, but it struck brought up a fleet of overdue vessels, and for the moment the
him tliat the ultimate outcome of all these proceedings would market is well supplied. Shipments of wheat from America
not be as favorable to the telegraphing public as they imag- continue on a liberal scale, but those of flour, although still
ined that a large number of cables, and consequent competition
large, are appreciably less than in the previous week. Tlie
would be.
pressure of American flour on the market just now is very
The number of failures in England and Wales gazetted dur- neav^, but it maintains its value better than wheat, being
We are again advised of a slight improverelatively cheaper.
ing the wfek ending .January 81 was 83. The number in the
ment in the American wheat trade, more especially for spot
corresponding week of last year was 53, showing an increase p>arcels, but the duration of tliis better tendency is as uncerof 29, being a net decrease in 1885 to date of 268. The number tain as ever. We have, however, learnt to be thankful for
of bills of sale published in England and Wales for the week small mercies, and can only hope that whatever movements
take place in the value of wheat may be in favor of
was 249, or 3 less than last year, the actual falling off to may grower. The average
price of English wheat for the
the
date being 52. The number publishei in Ireland for the same season is still very low, namely only 32s. 4d. per quarter,
or
week was 13, or 7 below last year, the net decrease to date 73. 7d. per quarter below the quotation for the corresponding
when
period of 1883-4,
the average was 39s. lid. per quarter.
being 43.
Tlie continuance of such a low level of values is very disIt was officially notified to the Board of Trade during
heartening to the grower, particularly as there is no chance of
January that the number of British TesselB reported lost any appreciable advance in the immediate future under existwas 111, of which 90 were sailing and 21 steam vessels; ing conditions. Thus far our imports of wheat have fallen
the tonnage of the
former being 21,088, and of the 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
latter 11,723, making an aggregate of 33,791 tons. The lives
heavier.
The stocks held hero must therefore be light.
lost were 134, namely 96 on sailing vessels and 38 on steam- This would naturally tend to enhance values were it
not for the
ships.
It should be noticed that this is a record of " reports liberal supplies we can draw from abroad were there any
received" in the month, and not of wrecks which occurred
daring the month. Many of the reports received in January
which occurred in previous months' casualnot resulting in total loss of vessels and the lives lost by
Buch casualties are not included.
relate to casualties
ties
The wool
going
sales are
off fairly
weU.
The tone is steadier
now than
at the opening, but is not altogether so sound as
pould be wished. About 160,000 bales have been disposed of
aad semetbina life" 59 {??' '^^^ <>' ^^^^ (Quantity has been taken
necessity.
The extent of the sales of home-grown wheat, barley and
oats in the leading markets of England and Wales during the
first twenty-two weeks of the season, together with the average
prices realized, compared with the previous season, are showq
in the fgllowing statement:
„
Wlieat
Barley
Oats
s.
January are
just issued for the month of
unsatisfactory. The exports show a falling
still
of which £780,000 is traceable to reduced
shipments of metals, &c. The iron and steel industries continue to be our weak spot. In the imports there is an increase
over last year of £403,784. There has been a considerable increase in the receipts of wool and cotton, but a heavy falling
off of £1,243,016,
off in silk.
The imports
I
And
ures:
1883
The
1883
The
for January were:
*35,736,816 1881
£3.'>,«45,221 1885
the exports of British and Irish produce
*36.049.005
|
and manufact-
£20,603,659 18?4
£19.352,541 1835
£18,109,525
exports of foreign and Colonial merchandise were:
£3.891,000 11834
£3,510,071 1835
£3,766,002
foUowmg are some of the leading items of imports and
i
|
|
exports:
IMPORTS.
Cotton.
Prom United
1883.
owts. 1,926 961
2,319,778
States
All countries
Pacittoports
All countries
Flour.
Unitea States
Allcountries
„ „
Cotton piece Roods
Linen piece jroods
^
.
Woolen fahrii-8
Worsted fat)ric8
Tne movements
1883.
£
in ,Ian...
In
Jan
1883-4.
..
SILVER.
Imports In Jan..
Exports In Jan..
The exports
080.0511
Countria.
IS84.
188S.
£
£
!
Sin.27«l
22«,31«:
90.3,5701
all
4.S»,88S(
1881-5.
owt. 21,066,703
Barley
Oats
Peas
8,335,242
4,911,314
974.430
2
1882-3.
1831-2.
13,435,100
17.681,800
the extent of the imports of
1883-1.
23,923,121
9,280,993
5,718,056
827,009
1,250.288
12,424,335
6,783,732
1882-3.
1881-2.
28,757,926 £6,813.456
3,804,656
6,561.092
4,5fl3,013
6,516,816
981,139
864,209
Beans
1,6.57,203
998,318
728,018
Indian com
8,539,781
5,649,053 10,611,236
Flour
6,874,130
6,820,816
3,340,153
Supplies of wheat and flour available for consumption in twenty
two weeKs, stocks Sept. 1 not being Inuluded:
1883-4.
1882-3.
1881-2.
25,923,121
6,783,732
28,757,926
6,820,816
26,843,456
3,310,153
1884-5.
Av'ge price of English
1,291,514
1,700,236
wheat for season. qrs. 328. 4d.
Visible supply of wheat
in the U. S
bu8h.42,575,000
Supply of wheat and
Hour afloat to U. K.
Imports of wheat. 0Wt.21,0d6,705
Imports of flour
6,874,180
Sales of
home-grown
produce
21,351,714
20,581,843
18,433,100
17,681,800
Total
49,295,59.1
53,291,696
51,103,842
47,365,54£>
qrs
2,390,000
398. lid.
Id.
41s.
31,900,000
31,000,000
478.
Od.
17,800,000
2.269,000
2,907,000
flour and In-
2,175.000
The following shows the quantities of wheat,
com on passage to the United Kingdom.
dian
At preterit.
Wheat
Flour
Indian
qrs.
com
2,300,000
191,000
358,000
Laat week.
2,175,000
216,000
320,000
Last year.
1883.
2,134.000
240,000
231.000
1,830,000
262,000
168,000
To and from Vnittd States.
1883.
I
1884.
1885.
£
saa.eoi
85»
7S0
21,3«0
300.815
7.'«).5N8
8.350
243.759
7.802
.
2ee,918
iiU,
large increase of stocks of 82,728 tons. This makes, with the
additions in November and December, 83,000 tons— an almost
unprecedented enlargement.
d.
s.
47
33 7
20 9
20 9
the totals for
1
nrpoBTS.
Wheat
4,3tO,10O
9,200,100
666,300
4,210,500
follows;
1891-2'.
d.
I.
41
34
produce into the United Kingdom during the first
twenty-two weeks of the season, the sales and average prices of
home-grown produce for the same pariod, and other item.s, compared with last season:
3,816,369
and January, 1883, £8,91.5.
The Cleveland ironmasters' return for January shows another
The cause
the decline of
and the depressed state of trade at home.
The total stock in hand of Cleveland iron is 871,000 tons.
foreign consumption
The following return shows
917,1.\2
18815.
1882-3.
d.
cereal
826,209
6,4.55.400
I.
1883-4.
20,581,343
1,619,566
of silver to British India were: January, 1885,
£8,200; January. 1884,
1884-5.
owt 21,354,714
Wlieat
1,038,135
1.030,416
79S.844
•»77,58i
d.
32 4
39;il
33
31 8
Oats
19 5
19 8
Converting quarters of wheat into cwts.,
the whole kingdom are estimated as follows:
1885.
1,644.714
2,115,766
1.028,696
990.683
1,425,317
1,333,301
EXPORTS TO IJNITED STATES.
1883.
1881.
yds. 8,550,100
7,668,900
9,282,100
8,415,000
961,000
801,000
3,247,900
4,495,900
in the precious metals have been as
To and /rom
Imports
Exports
1.353,367
1,024.369
4,133.531
121,057
perqr.
Wlieat
Barley
1884.
1,557,645
2,037,791
Wheat.
United States— Atlantic ports
1831-2.
1,020.100
1,173,898
138,773
1,110,030
148,187
1SS4-S.
The Board of Trade returns
1882-3.
1,«6,3,561
AVEHAOE Prices.
for export,
1883
Sales.
1883-4.
1,126.876
2,315,561
1884-5.
qrs. 1.488,782
2,317,939
125,639
is
Ensllsh market Report»-Per Cable.
The daily closing quotations for securities, &c., at London,
and for breadstuffe and provisions at Liverpool, are reported
by cable as follows for the week ending Feb. 20
:
London.
JUver, per oi
Sat.
..d
onsois fonuoney
49
99
Jfon.
Tue4.
Wed.
48'8
481318
991,,
993,6
48is,e
Consols for account
99>s
991i«
Pr'oh rentes <ln Paris) tr 8 1-22 la 81-22'i 813.5
U. 8. 4'asof 1891
U.S. 4s of 1907
Canadian Paclflo
Chic. Mil. & St. Paul....
Erie, common stock
Illinois Central
99 i4
99%
81-50
i
Tkuri.
Fri.
481318
98l'|«
98i6i«
31-45
11419
48-8
9-<%
114%
123%
114%
125%
39%
39 1«
39i>g
40
73''8
74%
39%
73'8
75»8
75
12%
125^
1258
12514
52^8
8>a
1278
13>4
13\
12.5»»
126 <a
53
53%
8%
12t>%
53 'a
9i'3
9e!ii
114%
125%
Pennsylvania
53
Philadelphia <& Reading
Sew York Central
8%
91%
93 •'8
I
114>s
125%
125%
8\
97 »4
81-66
114%
126 •«
39 'b
75»«
ISSg
126%
53 '8
8%
97%
.
THE CHRONICLE.
232
Sat.
Lifurpoot.
Tua.
d.
t.
d.
(.
d.
(.
d.
10
9
10
9
10
9
7 1
9 8
7
7
1
8
I.
10
FloOT (ex. 8tate).100 lb.
Wheat, No. 1, wh. "
Spring, No. 2, n. "
Winter, South, n "
Winter, West., n "
"
Oal., No. 1
"
Cal., No. 2
I
"
9
10
9
1
Wed.
8
7
7
S
7
6
7 1
9 8
7
7 1
6 8
8
1
8
7
6
8
9
7
7
6
7Ja
4 6i«
1
Umth.
Dry
9
7i«
4 8
58 O
33
86
36 6
59
33
S6
36
36
59
9
Merchan-
Goods.
dise.
Total.
dise.
8
158
6
33
86
General
Dry
Jierchari'
Goods.
1
1884.'
General
t
81a
XL.
by our New York Custom House. The first statement covers
the total imports of merchandise.
IMPORTS INTO NEW YORK.
1885.
7
9
8>a
Pork, West. mesa.. V bbl
Bacon, long clear
Beef, pr. mess, new,fl to
Ijard. prime West. 9 cwt
Obeese. Am. cbolce
I.
d.
7
9
6
"
Com, mil., old...
Com, mix., new..
Fn
Thwt.
Hon.
[Vol.
6
Jan nary...
t
t
10,808,800; 17.648,808' 28,457,008
13.598.880
EXPORTS FROM NEW YORK.
CUSTOMS RECEIPTS.
At New
Total Merchandise.
6
York.
58
1884.
©ommevcial antX W^isttllVLUtaus ^ctus
National Banks. —The following national bank has lately
Jannary..
3,792,785
38,718,151
January
1885.
18S4.
10.290.906
t
11,782,029
—
Union Paciflc. The Boston Transcript comments as follows on the land grant of this company "The largest land
3,304— The First National Bank of Weatmorriand, Kansas. Capital, sales ever recorded in the United States in any one year, out$50,000. A. Richards, President A. B. Pomeroy, Cashier.
side of Government transactions, may be set down to the
Imports and Exports for the Week. The imports of last credit of the Union Pacific land department for the year 1884.
week, compared with those of the preceding week, show The Union Pacific Railroad Company had an original grant
an increase in both dry goods Jand general merchandise. of 11,000,000 acres of land from the United States. TJp to
The total imports were $6,343,557, against |5,831,069 the pre- 1884 there had been sold from this grant only 2,775,410 acres,
ceding week and $7,419,703 two weeks previous. The exports leaving 8,333,000 unsold.
In 1884 there was sold of this land
for the week ended Feb. 17 amounted to $5,787,330, against the enormous quantity of 4,848,202 acres, or nearly 40 percent
16,435,455 last week and $7,153,161 two weeks previous. The of the original grant.
The price for this amount of land sold
following are the imports at New York for the week ending was $6,603,796. The price for which the 3,775,800 acres sold
general
the
week
ending
(for
(for dry goods) Feb. 13 and for
previous to 1884 was $11,171,346. After deducting more than
merchandise) Feb. 13; also totals since the beginning of the $3,000,000 for expenses and taxes, and adding the receipts for
week
first
in January:
interest, etc., this land grant had netted the Union Paciflc
FOBEION IMPORTS AT NEW TOKK.
The past year must have added more
$10,834,031 up to 1884.
than $6,000,000 tb this amount, and there was on hand unsold
For Week.
1882.
1885.
1883.
1884
at the beginning of 1885 3,975,000 acres, worth perhaps $1 an
Drj goods
$2,970,536
$2,185,795 acre, but which by being held may yet realize $3 per acre.
$3,667,599
$3,735,216
4.15a,762
Gen'Imer'dlse.
6,577,368
6,052,368
4,895,766
What this sale of more than 4,000,000 acres of land in one year
Total
$9,547,904
$9,719,967
$8,630,982
$6,342,557 amounts to may be better comprehended by reference to the
Since .Ton. 1.
fact that the public-land entries and sales for the United
Dry goods
$21,167,295 $20,424,338 $19,245,446 $ 14,933.481
Government Land Office, were conQen'Imer'dlse.
44,116,606
42,374,148
39,100,079
32,586,042 States, as reported by the
sidered very large when they reached 19,430,000 acres in 1873,
Total 7 weeks.. $65,283,8011 $62,798,486 $58,345.525 $47,519,503 and almost phenomenal when they reached 27,500,000 in 1884,
" The amount of bonds originally issued under the mortgage
In our report of the dry goods trade will be found the imof this land grant was $10,400,000, and all but $3,350,000 have
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of been canceled. These will be paid off as they mature in the
next four years. There will then remain from $15,000,000 to
specie) from the port of New York to foreign ports for the
$20,000,000 of assets applicable to the redemption of the
week ending Feb. 17, 1885, and from January 1 to date:
Union Pacific sinking-fund bonds, of which $13,898,000 are
BXPOBT8 FROM NEW YORK FOR THB WEEK.
been organized:
:
;
—
1882.
For the week...
1883.
now
1884.
1885.
Prey, reported..
$6,611,935
38,676,121
$6,963,600
42,205,023
$6,394,219
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 following
shows the exports and imports of specie
at the port of New York for the week ending Feb. 14, and
Bince January 1, 1885, and for the correapondmg periods in
1884 and 1883:
BXPORTS and imports of gPBOia AT NBW YORK.
table
Hxportt.
Import!.
Bold.
Week.
Great Britain
France
Since Jan.l.
All other ooontrlea.
Tatal 1885..
Total 1884.
Total 1883.
Since Jan.l.
$
$4,000
$8,500
578,496
2,268,055
16,175
2,398
77,675
16,342
1,800
$601,069
4,830
$2,370,572
86,447
34,150
$629,821
Germany
West Indies
Mexico
Bouth America
Week.
112,4.34
821,850
479,013
6,574
l,.'i20.773
137,196
6,493
49,164
2,603
$2,543,084
101,405
451,500
10,Vi71
26,735
Silrer.
Brest Britain
France
$305,777
German/
West Indies
Uexloo
Boath America
.
All other countries
Total 1885.
Total 1884.
Total 1883.
$1,986,187
46,903
16,374
21.254
4.328
50,774
36,877
26,259
4.235
4,252
•305,777
273,624
242.575
:
Feb. 14.
" 16.
" 17.
SaUmeea.
1,327,277 67
1,414,9.54 82
1,345,588 33
1,365,893 28
" 18.
" 19.
" 20.
1,153,802 37
Total...
7.588,812 74
981,296 27
Foreign Trade of
January, 1885.
Amount.
$18,169 10
47,412 30
•
$4,326
91,517
49,076
U. S, Sub-Treasury.— The foUowing table shows the receipt
and payments at the Sub-Treasury in this city, as well as the8
balances in the same, for each day of the past week
Seeeipti.
for larger sales in 1885 than in 1884. The Union Pacific division will sell considerably less than in 1884."
—Land sales for January, 1885, compare as follows with the
sales in January, 1884:
$2,079,205
2,158,225
1.802.105
$113,910
710,314
313,611
Of the above imports for the week in 1885, $7,200 were
American gold coin and $4,336 American silver coin. Of the
exports during the same time, $17,598 were American gold com,
DaU.
outstanding.
" The Kansas Paciflc land department made sales last year of
475,008 acres, for $3,003,602, and it has in reserve lands exceeding in amount and value those of the Union Paciflc grant.
Up to 1884 there had been sold of the Kansas Pacific and Denver Pacific grants 1,886,208 acres, for $7,101,694, and the net
Eroceeds, including contracts on hand, had been $6,508,946. It
as 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 Paciflc, or
the 40,000,000 acres granted under the Atlantic & Pacific charter, 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
sold, 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 the net proceeds, including contracts,
were $35,000,000, and there now remain unsold 8,500,000 acres,
worth at least one dollar an acre, but from which more will be
realized as Western lands appreciite in value with the growth
of the country.
" The Kansas Pacific land department has negotiations on
hand for the sale of 150,000 acres of land, and the outlook is
Pai/mentt.
858,448
1,128,145
807,738
883,747
Coin.
14
24
78
87
Currency.
131,448,855
131,529,225
131,760,744
131,797,221
59 22,487,620 89
78 22,094,060 28
15 22,934,391 46
72 23,446.059 30
752,189 17 1.30,958,137 34 23,514,250 78
1.080,326 96 132,037,362 64 23,508,500
89
5,510,596 16
New York—Monthly
Statement —In
addition to the foregoing tables, made up from weekly
we give the following figures for the fuU months, dsoreturns
issued
,
Acres.
Union Division..
Kansas Division.
32,270-31
8,445-61
.
January, 1884.
Acres.
,
Atnount.
88,73898 $272,324 73
22,973-18
116,305 00
$95,58140
111,712-16 $388,629 73
$293,048 33
The Ontario Silver Mining Co. has declared its 104th dividend of $75,000 for January, payable at Company's oflSoe, San
Francisco, or at the transfer agency, 15 Broad Street, N.Y. City.
Mr. J. P. Wintringham, No. 36 Pine Street, has issued his
yearly tables of the range in prices of bank, 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 course of these investment stocks.
Total
Decr'se Jan., '85.
40,715-92
70,996-24
—
—
—
Anction Sales. The following, seldom or never sold at the
Stock Exchange, were sold at auction this week by Messrs.
Adrian H. Muller & Sen.
Shares.
Shares.
30 Reassurance Co. of N.Y. 106
10 N. Y. Mut. Gas-Light Co. 122^
20 Fulton Municipal GasBonds.
LlghtCo
14813 $25,010 Am. Safe Dep. Co. of
50 Domestic Electric Manuf.
N.Y., 58,Per.Del>.Bds. 89
Co
$8 per share $4,000 N. Y. City Cent. Park
Fund, 6s, Reg. Stock,
10 Real Estate KzchanKe &
Auction Room, limited. lOOii
due 1887
107>a <t Int.
.
.
:
February
THE (MRONICLR
1885.]
21,
—
:
The pouted
'ghz jB^nnhtvs' ©alette,
^8
ratoa of leading
banken
are as follows
February 20.
DIVIDBNDS.
The following
rtlvlilends
have reoontly been announoed
cent.
Rallroada.
& nmiml llnick ((itmr.)
Del.
lowii Knlla
A- rtlcm.'c
City
Whtn
Per
Aamt of Company.
(niittr.)
.
Payable.
i
OiMuiiiieiiiftry
Prankfurtor Bremen (relohmarkO
Coins.— The following
On
1\
March 2
coins
$1
Feb.
Sovereigns
deni
IS
•4 84
3 85
Napoleons
X &
HBW YORK. FRIDAY,
FEB. 30. 1M89.-S P. .tl.
The Money Market and Financial Situation.—The miirkfts Imvo nil been iufluenced to a curtiiiu extent tbds week by
the heavy storms and coDsequcnt suow blockades throughout
The movement of nierthe Northern and Northwestern States.
chundiso has been greatly impeded, and railroad traffic for one
or two weeks will certainly be diminished but the diflieulty is
quite temporary, the roads are again open, and the freight must
come forward.
The uncertainty hanging about the actions of Congress in
these last few days of its session is calculated to check business tnmsactions in some dc^gree, and the probability of the
;
is
variously discussed in different quarters.
week of February were particusecond and third weeks may be much less
Railroad earnings for the
larly
good, but the
first
favorable on account of the extremely bad weather, but without
further trouble from storms or Hoods the railroad traffic after
week of February ought to show a handsome improveThere have recently been indications of a heavy corn
movement beginning at the West, and unless these prove to be
the third
ment.
misleading, the com freights, as well as those from hogs, cattle
and provisions the coming spring will be very large.
Rates for call loans during the week on stock and bond
collaterals have ranged
at
1@2 per cent and to-day at
same figures. Prime commercial paper is quoted at 4@5 per
cent.
The Bank
England weekly statement on Thursday showed
and the percentage of reserve to
liabilities was 48, against 46f last week; the discount rate
remains at 4 per cent. The Bank of France gained 2,467,000
franca in gold and 5,976,000 francs in silver.
The New York Clearing House bank.s, in tbeir statement of
Feb. 14, showed a decrease in surplus reserve of $3,374,050,
again
of
in specie of £702,821,
the total surplus being $51,611,075, against $54,985,125 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks.
188.5.
Oilfer'ncetfr'ni
1884.
1883.
Feb. 14.
Premout Week.
Feb. 16.
Feb. 17.
lioans and ills. $2i!9.4.')3.l00 Inc. $4, 905,700 $345,894,200 $323,352, 100
Specie
103.-206.'-C0 Dec. 2,1.01,400
78,319.S00
59,999, 300
Circulation
ll,0i;4.000 Dec,
14,5:i8,200
54,100
16,543 0)0
Net deposits.. 3^7.040,900 rue 2,622,200 36:), 544,400 310,712 700
Legal tenders.
37,574.500 Dec
617,100
32,577,100
21,353, 700
IiCfral reserve
$89.2G0,225 Inc. $655,550 $90,886,100 $77,678. 175
Beeerve held. 140,871,300 Dec. 2,718..500 110,896.900
81,353, ,000
.
.
•nrplns
$51,611,07.T Dec.$8,374,030
$'.'0,010,800
$3,671,825
Exchange.—The market for sterling bills has been quiet and
The .supply of commercial bills is not excessive,
and the commercial trade balance now running in favor of
generally steady.
the country
not yet reflected fully in the rates of exchange.
is
The movement
of stocks
foreign cities
believed to be unusually light.
is
To-day the
rates
and bonds between
Cables, 4 87.
tal
bills
mark.s,
were
:
New York
on actual business were as follows,
Bankers' 60 days' sterling, 4
and
viz.
83i; demand, 4 86i@4 86}.
Commercial bills were 4 81J@4 83. ContinenFrancs, 5 23|(a5 231 and 5 20|@5 21i; reich-
83i@4
94i@944 and 94j@95;
guilders,
40@40
1-16 and
40i@
40 5-16.
The following were the rates of domestic exchangfc on Now
York at the under-mentioned cities to-day .Savannali, uuviug
:
@
par; Charleston, buying par
J discount, .selling J discount
premium, selling 3-16 premium; Boston, 30@25 premium;
New Orleans, coimnercial, 100 premium; bank 200 premium; St.
Louis, 50 premium Chicago, 40 discount.
@4
;
B32>«
40 «
AiiistiirilHin (Kiillders)
2
adoption of any measure repealing the silver coinage law
4 87>«
4 83
oomiuerolal
ParlH(frHncn)
Booki Oloteit.
(Dayinclutivi.)
mftcollaiieoun.
Dolawiiii' IMvlftiou ('uniil
Mx<y Day§\Dtmaitd.
Prime bankers' sterllnKblllaOD London..
Prime coin inerclal
•
Kek'liMiarks. 4 74
XUullders
3 96
quotations in gold
are
«94 87
«
»
9
3 00
4 78
4 00
Buan'h Doubloons.,15 75 915 00
Mr^x. Doiililoons.. 16 .55 »15 65
F lie sliver bars .. 1 oesg* 1 071a
'ar a >4 prew
Pine gold bars....
99!
9\3 par
Dimes St 's illmes.
620
40 «
9»>4
04<>i
I
for yarioiu
— 99%9 par.
— 92 9 — 04
— 83>4» — 84>a
Do uncomniero'l. — A2H9 — —
Peruvlansoles.... — 76'a» — —
English silver.... 4 78 9 4 84
U. 8. trade dollars — nom. 9 — —
surer H» and
>«8.
Five francs
Mexican
'
'
IT.
a.
dollars..
sIlTerdnllarv
— 99%9
par.
I
United states Bonds.— The transactions in government
bonds have been moderate, and quotations remain nearly the
same as last week.
The closing prices at the N. Y. Board have been as follows
:
48,1907
4«,1907
3s, option
U.S.
6i,cur'oy,
6i,our'or,
6i,OQr'oy,
6s,oar'oy,
68,oar'oy.
'95.
'96.
'97.
is
Feb.
14.
16.
Feb.
17.
•11138 •iim •Ill's
11231 •112»8 ll2'8i
•122is:*l22i« •122>y'
n22i8-122»g 12218
4'ts,J891
4i«9,1891
This
Feb.
'98.,
'99.,
the price bid at the
•101
•125
Feb.
inS9''lll58 '111=9
112%; 112% 112''8
122i4^l22i8 '122i«
I2219 'I22i«
12216
i*10m -lom lOlis'lOlig
•125
127 •127 •127
'129 129 •129
•132 132 •132
•13313 •133k *133ia
!«125
125
,*r25
'127
*127
•101
'125
i
127
•129
•132
'133is'133ii •I33I3
129
132
(•129
1*132
momlng board no tale was
State and Railroad Bonds.
Feb.
20.
Feb.
19.
18.
:
inaae.
—There
have been few sales
of Stats boiius, t!ie Ifortu Carolina special tax bonds having
sold at 5J-6; Tennessee compromise 52J; Virginia deferred
North Carolina consols at 84^.
Railroad bonds have shown more activity and much firmness
throughout the general list. Nearly all classes of bonds that
are believed to have ultimate security back of them have been
stronger, and this api)lies as well to Iwnds that are now in
default as to others.
The Erie 2d consols have been quite
active and relatively stronger than the Erie stock, closing at
56 against 54 last week.
West Shore bonds have not been
active, and after each advance of 1 or 3 per cent they seem
to fall back very easily; they closed at 36^, against 35 J. Atlantic
& Pacific Incomes close at 17, against 171; Missouri Kansas
Texas consol 7s at. 102^, against 101^^; do. general 6s at 89,
against 66| do. general 5s at 54, against 52^
Chesapeake
Ohio series B at 74}, against 73; do. currency bonds at 26,
against 25^; Canada Southern 2ds at 73J, against 73|; Chicago
Burlington & Quincy debenture 5s at 99|, against 99. Many
other bonds have also advanced, as will appear from the quotations on another page.
at 7
;
&
;
;
&
Railroad and Miscellaneous Stocks.— The stock market
has been comparatively active and buoyant this week, and
the bull movement noticed in our last has thus
far
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 outside buying, but it is lair to suppose that whenever the market
presents a strong appearance, -with any reasonable prosi^ect of
continued strength, the public is inclined to take a hand in
stocks.
The argument for buying is quite different on the
basis of the low prices ruling since January 1 from what it
w^ould be if prices were 20 to 50 per cent higher; and now
there is a feeling, whether correct or not, that we have seen
the worst year that railroads are likely to have in the present
era, and knowing therefore what they were able to do in 1884,
a better idea can be formed of their capacity to puU through in
any other }-ear. Again, the buyer is inclined to ask himself
wh.Ht would be the effect if the silver coinage should be stopped
and the trunk line difficulties adjusted? In answer to which
question he finds some reason to think that those two events
might lead to a sudden and important rise in stock values.
The.se are but generalities, but they have much to do with the
current of opinion which induces buyers to come in or to stay
out' of the stock market.
The rise in stocks has been led by Lackawanna, which to-day
sold up to 100.J, tlie 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 ])ar. The Vanderbilt stocks have
been remarkably strong and sold much above their recent range,
on reports that the West Shore war was to be settled, although,
such reports aie denied by parties identified with both companies.
Louisville & Nashville has been strong on good earnings.
The
grangers have not been its buoyant as other stocks, and close at
and 92 J for Northwest.
To-day (Friday) prices were generally strong till two o'clock,
and touched the hi"-hcst figures about that time, but broke immediately afterward and declined sharply Lake Shore from 67
to 65i, Lackawanna from lOOi to 99i, New York Central from
94i to 934 and St. Paid from 72+ to 71 J.
71 J for St. Paul
—
—
.
...
1
THE CHRONICLE.
234
[Vol. XL,
NEW YORK STOCK EXCHA-NGE PRICES FOR WEEK ENDING F£B.
20,
HIGHEST AND LOWEST PRICES.
STOCKS.
Saturday,
Feb. 14.
KAIL.KOADS.
Albany & yii.squehauiia
90% 90%
...
38
Boston ifrN.Y. Air-Line, pref..
Bnrlinpton CeiL Kapids «& No..
•58
Canadiuii I'acitlc
Canada Sontliern
•BO'S
Cedar Kails
•10
357.
28=4
A Minnesota
Central of New Jersey
Central Pacific
Chesapeake
Do
Do
A
Ohio
lq»4
l8t pref
pref.
2d
Chicago lit Alton
Chicago Burlinffton
Monday
Tuesday,
Feb. l6.
Feb. 17.
00
38
Hi
38
•38% SS^i
31
12
'10
33
32
It's
38 14 371.
31 1._
30
3()ia
2913
6
11
7
Ola
61a
14
11
*6ia
8
11
'4
isi"
ii3i
38% 38% •38%..
39%
32% 32% 32% 327, 33
11% •10
11% 11
37% 39 14 38% 39%
31% 32"8 32
3234
32
•6
•8
7
6% •6
•10
11% 11% 11% •11%
•10
•6% 7%
131 132
122% 122%
»& Quincy.
«& St. Paul
I
Columbia A (ireenvillo, pref...
Delaware I^ackawanna & West.
Denrer & Hio Grande
Dubuque & Sioux City.
£ast Teunossee Va. & Ga
95 14
96%
7
7
01
7
3'a
534
S-a
*3%
981a
7%
3%
_
Do
pref.
A Torre Haute
Green Bay Wiuona & St. Paul.
Harlem
Houston A Texas Central
•46
Evansvlllo
Illinois Central
Do
A
Ziake Erie
& West'u
62%
•98
61
A Wesfm
A St. Louis
pref
Kansas A Texas
.34
•98
•57
61
.
16
93 's
Missouri
Missouri Pacific
Kew York Central
New York Chic. A
•3
A .St.Louis
A Hudson..
St.
Do
Louis
.
9>3
•4 Hi
.
•98
130
112
1534
16
"
94%
•8
9
27%
2734
8834
88
•35
33
9914
8
4%
Ohio Central
Ohio A MissLssippi
Ohio Southern
Oregon .Short Line
Oregon A Trans-Continental...
123,
Wayne A
EensHOhier
Saratoga
A
•2%
14
14
2%
A San Francisco
1%
6%
49%
•48
1034
13%
17
37%
20
37
82
83
Duluth
"is
14
17 14
46% 46%
24
17
17%
65%
7034
28
27
76
•14%
13
15
67
70%
28%
27 %
787,
1,830
2,010
376,180
1,790
1,255
875
300
1,000
1,045
:
1,000
2,000
162,716
2,084
95,645
2,5'23
13,881
420
35
1,500
65
525
32
200
•1214
2934
I6I2
11
11
2%
23
2_
17% 18%
41-% 423
163j
lO'i
17
)-.:!8
171..
1%
1%
17
10
13
13%
133j
17%
I71-,
14
'17% 17%
1-23
22
3%
21
3
19
21 3j
3
19
24
82
20%
•203.
38
83
38
h'6" 20%
•38% 3734
841.2
•83
SS
12,770
17,000
438
4,000
133,283
1,231
925
110
12,482
100
285
140
600
300
600
10,380
1,525
1,900
610
300
1,450
80
700
38% 38%
'22" "2'2"
pref
liioo
505
85t;
100
Bt. Paul .VTinneap. A Manitoba
87% 87% 87% 87% 87
88% 88% 88% •88% 89% •88
89
1,135
Texas A New Orleans
'12% '12% "12% "13
Texas A Pacific
"12% "is
'13"" "13'% "l'2'% "13
"12% "13
o'o'ii
'%
Union P.ocitic
48% 49% 47% 49% 47% 48% 47% 48% 47% 48% 48
48'8
131,005
Wabash St. Louis A Pacific!
'4
5
5
'.
.
liref.
•11
13
....
54
64
MI8CEI,I,ANEOUS.
American
Tel.
A Cable Co
Bankers' A Merchants' Tel
Colonulo Coal A I ron
Delaware A Hudson Canal..!
Mutual Union Telegraph
New York A Texas Land Co..!
Oregon Ilnnrovenieut Co .
Oregon Hallway A Nav, Co
Pacific Mall
pref...
E-VPttESS.
American
UnltedStntes
INACriVK
Central Iowa
Chicago
A
...
iSTOCKS!""'
Atchison Topeka
A
Alton,
Chic.
74
oa-a
5434
DZ''4
23%
65%
6%
•32% 56
•53
66
•3
11
6
•3
10% 10%
75%
74
•4
•11% 12
10%
8
11
74% 73%
11%
74% 75%
25 14
55% 63%
65% 55%
8178
6534
34% 55%
A
434
11
'3
43,
11
SO
34
67
67%
'3
5434
54
78
Ind. Ceutr'l
Virginia Midland
95
•%
•2
6
6
•120
133
'120
Ilailinud
Canton Conipany
Consolidation Coal..
Homentjikii .Mining Co
New Central Coal
Ontario silver Mining!
Pennsylvania Coal. ...
1%
135
*120
....
135
20
Fell. 11
834 Jan.
17% Jan.
i(j
211
88% Feb.
17j
14
15
67
7034
Feb. 11
Feb. 20
Feb. 20
28%
27%
18'
20,
Fob
Tlie« aro the prises bid aud asked; no sale was made at
the Bo.wd.
I
.35
S8%
8O34IOO
69%
28
Ul
Feb.
12% Jan.
29% Feb.
17% Feb.
97% Feb.
8% Feb.
121 Jau.
39% Feb.
95% Feb.
5% Jan.
9% Feb.
88 Jan.
1434 Jau.
30 Jan.
17% Feb.
180% Feb.
121a Jau.
Jan.
Feb.
19
6
7i
30
'201
24
40
105
613<
94%
10
31
16
44
7% 18%
17
36%
9% 23%
6
20
'20
63% 100
10
5
1334
61,
7 115
19,
30
20
8
83%
17
14
6
8
10
127
^8
122
4
10%
71.
2034
94%
28%
83
lli(
20
71
17%
8
175
6
7
28
184
5
16%
6
4% 18%
20
12%
10
17
14
42
27
371,
67%
4%
14% 25%
1134
5
S'4
24
?^ 34%
17%
60%
167t
119% 135
146%
138
2%
32
12
S
61
32
16%
Feb.
Feb.
24
60
70
96
11% 29
li''
18
8
10
e
7
IS
26
10|
8
76%
35
10
10
23
85
2034 Feb.
4
12
62
78%
22% 61%
64% 79
4!'7"3'3
Jan,
Jau.
Jan.
Jan.
1934
10134
14i
25 Feb.
18% Feb.
4234 Feb.
134 Jan.
19 Jan.
1 1
Feb.
18 Jan,
14-% Jau,
14 Jan.
19 J,an.
12534 Jan.
140 Jan.
2% Jan.
49% Feb.
22% Feb.
3% Jan.
22%
20%
89%
i'eb, 11
32
86
70
9
Jan. 26
Jan. 8
Feb. 20I
Feb. 20
24% 60
96%
15
32%
70
85
90
78% 09
90% 93
5% 22%
28
84%
4
9
19a|(
32
49
eiOg
1
127%
7
87
10
171;
114
17%
1'22% 170
Jan. 3 34
5934 Jan. 29 73
10,568 33% Jan. 30t ,56%
1,387 107% Jan. 2:11234
21
so;
2
Jan.
7
Feb.
147 Jan.
22% Feb.
1% Feb.
60 Jan.
100
6 Feb.
122 Jan.
13 Jan.
116 Jan
Feb.
Feb.
Jan.
Feb.
30
20
10
11
11
Jan. 30
6334 Feb. 10
8% 65%
603, 112
31
67%
90 117
33,
0%
34
20
49
78%
2 133 Jan. 28 125
S 93 Jan. 13
87
2 52 la Jan. 10 45
2 110 Jan. 18; 98
78
10
Jan.
Feb,
62
151 I'eb.
'22% Feb.
1 % Feb.
50 Jau.
142
22 130
10| 18
19118
131
9
30
Feb
17
Feb.
Jau.
Feb.
Feb.
7
40
19
10%
6%
17
Jan.
Feb.
Jan.
Feb.
Feb.
Jan.
Fib.
Feb.
11
23%
137
102
61%
116
80 »4
16
152
24
1
2
50
60
5
6
130
21
115
15
121
122%
39% 40
18
8
5
14
.11204
'
73
'20;
55
625
490
16%
21
67l
20,
Feb,
Feb.
7078 Feb.
15 Feb.
36 Feb.
93% Jan.
51
681-2
1'24
Jan. 3 125% 141
Jan. 27
33
S3
Feb. 20 88=4 133%
Jan, 15
6% 25%
Feb. 12 62
82
334 Feb. 20
3
8%
8% Feb. IKi 434 14%
49 Feb. 13 SO
51
3% Jan. 2
sv
8%
192 Jan. 28 185 200
30 Jan. Ill in
51
125 Feb. 10 110 140
183
13,478
81%
137
20
10078
10
65
74
1%
112%
117 1149%
100%ll2034
6
13%
2(1
51-% Feb. in
5% Jan. 7
14 Jau. 121
I
*%
Feb.
33% Jan. 30 393, Jan.
80% Feb. 3 87% Jan.
22 Feb. 7 22 % Feb.
77 % Feb. 7 77 % Feb.
7934 Jan. 2 88% Feb.
89 Jan. 24 89% Jau.
1134 Jan. 31 13% Feb.
3
93%' 119
Fell, 1(1
131
28 Feb. 10
897eFeb. 10
35 Feb. 7!
I
1%
Jan. 12
4578.Tan. 2
4
Feb. 3
11
Feb. 20
7
11% 12
75% 76%
76
Jan.
Feb.
11% Jan.
12% Jan.
15 Is Jan.
119% Feb.
136% Jan.
2 Jan.
4478 Jan.
19 Jan.
234 Jan.
17 Jan.
20% Jan.
112 i*110%112
111%112%] 112 112% 11234 112%
8%' 'S
8
•3
6%! •S
6%
•2d% 32
^25% 32
-25% 32
•25%
"25% 32
30 Jan.
57% 69%' 57% 68%' 57% 58% 57% 32
68% 38% 5834 68% 69% 181,492 53% Jan.
136 135 'x-130 134 ^130 134
13434 13434 1,34 134
133 134
117 130 Jan.
90% 90% 91% 91% 92
92
"90
92
92
92
90% 92
243 87%J,au,
•50
62
61% 31% •50
52
-50
62
,52
52
62
52
35 48 Jan.
109 109 •loa 110
109 109
109 100
109 109
108 109
223 104% Jan.
6%;
A Clevo
York Flevated
Warren
9% 10%
72
6
.
Dan bury A Norwalk
Keokuk A Di-s .Moines
New
543j
7
•4
•11% 13
prof".'.'.'!!!!!
Cincinnati Sandusky
Columbus
•3
43.
13
Santa Fe..
.
.
434
•11
17
140%
12734
"8% 94%
107% Jan. 19
9
15
I
Wells, Pargo.t Co
X
7434
•3
Western Union Telegranh
Adams
'"9%
72%
•53
64% 55%
111%112%'112
Pullman Palace Car Co
Quicksilver Mining Co
Do
"'9'%
5
11% 11%
15
28
118
107
Is
300
330
'.
110
12
9%
6%
!ran.
Feb.
677,
58%
5
1 % Jan,
15% Feb.
18
80
243,
37% 90
30.
67%
Feb.
10% Jan.
25 Jan.
14% Jan.
90% Jan.
7 % Jan.
114% Jan.
33 Jau.
84 % Jan.
4 14 .Tan.
7 % Jan.
84% Jan.
11% Feb.
20 Feb.
12 Jan.
73 Jan.
10% Feb.
1 '1, Jan.
4 7rt Jan.
a-1
50
39
8
32
15 Jan.
38 % Jan.
135
80% 90
Jan.
Jan.
10 Feb,
3134 Jan.
26% Jan.
5% Jan.
9% Jan.
5 % Jan.
128 Jan.
115% Jan.
7078 Jan.
102 Jan.
84% Jan.
11934 Jan.
103 Jan.
7% Jan.
13 Jan.
24% Jan.
82% Jan.
31 Jan.
134 Jan.
14% Jan.
82% Jan.
7 Feb.
55 Jan.
234 Jan.
478 Jan.
37% Jan.
3 Jan.
190% Jan.
17
Feb.
119% Jan.
84 Jan,
11% Jan.
934 Jan.
.59% Jan.
02 Jan.
22 Jan.
11% Jan.
65 Jan.
11% Jan.
27 % Jan.
90 Jan.
54 Jan.
1,210
100
Low. High
29%
4,2-20
32,183
1,580
1,800
47
48% 49%
•47
•20
"9'2'6
'235
•13% 14
22
I
i-j
8
24
3%
276
20 la
38
82 Si
18
122
41% 42%
.1%
1-23
22
2%
27.
1034
119%119'a
21% 22%
•20
10%
10=4
231.J
1
1,325
164,961
3,735
1,480
337
13
15
16%
1534
11
4,504
224,4-20
250
33.
6%
•5%.
17
22
82
•35
»80
1034
133<
*47
•20
1007e
8
179
1634
••20'a
47% 47%
2734
I
13
_
131
112
29
29
29%
16% 16=4 16% 17%
93% 94% 92%
93%
'8
8
9%!
9%
9%
120 1'20
120% 120% 120% 120%
38% 39% 39
3934
38% 39%
94
93%. 94
95% 93% 95%
4% 4%l 4% 4% -434 5
9% 9%
9
9
9% 0%
87% 87% 86
87
87% 87
13
13% 13% 13% 12% 13 1l
1716
1%
62
-18% 20%
pref.. ..
Istpref.
13
29
12
40% 41%
n% 1%
16% 16%
16% 18%
10% 10 's
11
15
•47
•20
3
pref.*
8
32
16% 18%
93%
23
17
41 If
40
1.33
334
63
80 7e
6
23% •22% 23%
910
10
9314
•8
6%
I
Do
A
11% •10% 11%
•275
12
9
131
100
•98
...
179
12% 12%
16% 18%l
2%
99
3%
85% 85%
13% 13% •13
14
14% 1434 14% 14%
64% 85% 6434 66%
•69% 70
70
70%
27 V 2834
2734 28%
27
27
26% 27
74% 74% 75
76%
15%
16
11,813
510
200
•2934
16
180
,
Bochester A I'itt.sburg
Borne Watcrtowii A Ogdensb'g
Bt. Lonis Alton A TerroHautel
87
12% 13%
33
88% 88%
•16
17
20
1'22% 12234 122
20
122
12% 12% ri%"i3is '13'
12 7p
Cliic..-
5
93^
17
13% 13%
18% 16%
Rich. A Alleg., stock trust ctfs.
Eiclimoiid A Danville
Kichm'ii A West I"nt Terminal
Do
12%
39% 40%
•1%
16% 16%
11
15
Peoria Decatur A Evansville..
Philadelphia A Heading
Pittibni-K Ft.
4%
16=4
39% 39%
1% 1%
15% 15%
pref
9%
9
•88
.
10%
Do
16% 16%
93%
93
8
39%
36
97% 99%
8% 8%
61% 61%
3% 3%
•6
6%
48% 49
Feb
293
214
2734
1835.
1,
126
Jan.
21
100
23,620
•16% 17
3%
8% 8%
•48
49
•2% 3%
•98
,
6
130
112
8%
8%
71.
17
2734
88=4
81%
60%
9
NorUierii Pacific
_
129
112
130
112
JAN.
Feb
124
90
57
900 37
110
2,200
i'22'% i"2'234
?-^
61
93
. .
Do
131
39%
33
11
1-22% 122%
72% 73% 7134 73%
10"
107% 107% 106 108%
94% 93
94% 92% 94%
14% 14%
:,
120% 120%
37% 38%
91% 92% 91% 94%
33
37 "a
91 '4 02
pref.
.
et-Panl
-•
•8%
62
73%
•11% 12% •11% 13
29
29
29
29
29
18
95
8714 87 "4
Kew York L.'ick. A We.stern
New York Lake Erie A Wcst'n 12% 121a 12%
Do
pref.
New York A Now England
Now York Ntnv Haven A Hart. 180 180 179
New York Ontario A Western. •10
•10-%
New York Busq. A Western
•1%
*5
Do
prof.
Norfolk A Western
Do
22% 22% •22%
pref
Do
'
-iK.
70
26% 27%
23% 27
74% 74%
I2I2
•11
'28
Mobile A Ohio
Morris A EHsex
Nashv.Chattanooga
tMula
8
61
8
pref,
I>o
Bt,
631a
23 14 28 14
231a 23
74
74%
Ai
Uinneapolis
_ _
13%
13%
83% 64%
13
13
14% 14%
mt
Hetrojiolitan Elevated
Michig.an Central
Kilwaukee h. Shore
Do
3 1-2
70
23 Is 25%
23 Vj 2313
74
74 "s
Nashville
llanhatUtQ Elevated, coasol. .
Pa
Co
49
88% 88%
62% 63%
liOuisviUeNew Albany A Chic,
T-.u,,,.!,
Jl'.,uiii Ajeach
OI4
•2%
312
*6UHl 70
Memphis A Charleston
3%
•45
49
13ia
12
121a
•12% 13I4 *12ia I314
LAke Shore
W!>..i...»;,„,
3%
3%
6I4
6
*12'2
Western
A
•2%
3>2
98%
•15
•15
17
17
22
xl2H4l2ia4 1211a 121% 12134 121% 122
Ijong Island
Z^ouisTille
49
•2'3
leased line 4 p. ct
Indiana Bloomiugt'u
6
•45
534
97% 99%
7% 7%
•6%
AND SINCE
Sales of Range Since Jan. 1, 1833.
the Week
(Shares)
Highest,
Friday,
Feb. 20.
901a 901a
121 "a 121V 121 14 12111! 121% 1221-2
73I4
72%
72
72
73
71'a 72%
10'
1U7
IJo
prof. 105 >4 103 la' 104% 105 14 107
92
93% 91% 93
92% 941-2 9334
Chicago «fe Northwestorn
128
129 129
129 129% 130
pref. 128
Do
111 111
111 1111-2 112
Chicago Hock Island & Pacific 111 111
7I4
•7
7=4
81;
7 "a
81a
Chicago St. I>oul8 & Pittsburg.
81a
•loV 17
18% 16% 17
pref. *1534 17
Do
283* 26'(
27% 271a 27%
Chicago St. Paul Minn. <fe Om.
28"a 261a
88
88
88=,
88%
pref.
87
88 14
88
Do
•341-2 38
Si's 35
33
33
33
Cleveland Col. Cin. * Indiauap.
Cleveland* Pittsburcr. {ruar...
1361a 1361-2
Chicaf^o Milwaukee
Feb. 19.
Feb. 18.
*59
31
It's! *10
38% 3514
30
29
8
10=4!
11
7
31
Wednesday, Thursday.
1
23%
11
10
29
264
.
Fbruabt
.. .
;
—
..
1
THE CHRONICLE
21, 1886.]
UUOTATIONS OF STATE AND RAIiiUDAI) HUNDH.
STATE BONOn.
SBODBtTIBS.
AUb*m»-OlaH A, 1806.
89
Hll<i
87
Hli\
1
lOS
'
»>
It
15
IB
15
18
RR
RR
7a, Menin.A UKirak
7i. L. R.P.B.* N.O.
R. H. RR.
7*, Mtna. O.
76, ArkHitnnn C'ont. RR.
1
21
28 --g
VJ
4
...
101
10:)>9l04<g
111
aeorc!»-6a, IMMS
7«.1»«8
7M0U1, 1S90
A<»yriii(>r I!i)lv.,<luo*03
Kiiiullnx. 18<.I4 US
Hauulbikl <ft Mt. Jo., '88.
Vork-6«, reg., 1887
es, loan, 1891
ea, loao, 1892
6a, loan, ISO-S
N. C»rollu»— 6k. oM. J.AJ.
Panillnir wit. leou
N«w
1
i
1
2S6
FEBRUABV
SKOORtTIBa.
no.
New bonila, J.*J., '•»«
BdmIkI Ux. all olaaaM. .
WII.O.ARa.R.
Do
no
Oonaol. 4a, 1910
11»
117
««. 191(1
I--:- '-
10U'-3
18
S
,
1
0'mp-mlM,8-4.S4*,1813
70
41>i
SO
6a,deterreil
Ulatrlot o( Colnmbl*—
S.eSa, 1924
4
3>s
106 la 109
I
:
40
40
6a, new, 1868
6a, oonaol. bonda
ea, ex-mMnred oonpon.
6a, oonaol., Sd a«rie«
lift—
ir. 2;l, 1889
i.i.liiblo, 1888.,
.. ,..
llrwwa coilJ*nl'ii O.i, 189J
Tenn68«ee-«", olil, 1 8928
««, new, 1892.8.1900
118
115
117
80
10
«a,anra«rlM,l»U...
109 >t
ius>«
1MH8
Bid.
Vlr(lnla-flf. old
"m't 8»"
..
• I
30. 1883.
SWJDBITIBS.
Tiuna a ae COBtlnaed-
M. Ouulliui—Oontlaaeil—
r,ouUUiiA— Tn, 'wiM.,1014
74
RX'inMared oonpoa...
6t
MiMoiirl— On, 1886
102
e(,<liie IHmlor 1890...
107 4
1
103
6«,10.30<i,1900
Ark*nnaM~tfA. fuiuletl.
7s, I Hock A Ft. s. Im.
A
BKOURITIBS.
Atk.{
Bid.
OUwB,6«.190a....
OlH« 0,411,1906....
—
,
4.^
Reglatered
45
Fiinilln« Ba. 1899.
112>a
110
RAILROAD BONIM.
B«CURITIE9.
8KCUR1TIKS.
Bid.
II
Aak.
Bid.
Bid.
SECURITIES.
Aak.
SKCURITIES.
I
* W.— Contln'd-
Penn. RR.-Contlnned—
.^rot^opollt•n Kl.-lat,lU08l 108'.
.„. ....„
94=4
97% BS
Pa.Co.'H Reg., 1921....
_
_
1899
Kaaex-lal,7a J?7 133
2il,BH.
Railroad Bonds.
112
Pitt C.A stC— lat,o.,7»; 117
Mer.CenU lat. 78. 1911.
2rt.7a.l891
ISt^k Exch'titr l'Hcu.1
............
7, ex-vp.. •'.,.7*8
lat. reg., 7b
i„t M
I<oncl«. 78. 1900
AU. Central -1 at, tin, 1918
J.
1211, 125
2d, 7b,1913
7B0f 1871, 1901
Mlch.Cnnt- Cnii8.78, 1902 126%
Alloi'y CmU— l»t,li.sl922
106%
Pitta. PtW.AChic-lstl ..,.:, 188
lat,oon8o!., guar., 7b.. r^I''4|l*4
Conaol. Ss, 1902
Atob.T.A .-J.Po—4 ige. 1920
119
'2d. 7a. 1912
W.-l8t,
Ita
1909
N.Y.
Lack.*
6a,
BlnkliiKfunil, lla, 1911..
_,
iMSX"*
*180
3d. 78. 1912
;-,-,"•
'*
ConBtniotioii, Sa. I923l 9y>i'...
Conpon, 5a, 1931
AU.& l'ac.-lBt.««. 1910.1 '"•
99
Clev.A Pltt«.-C'ona.8.fd. 1**
Rcgl«t«re.l, .58, 1931..
Deil.A Huil.Oannl— lat, 7a '113
B»tt.A0.-lst,«8, Frk.Br.i 116
...
U3
;•-••
4th,B.fd.,BB,1892
Jack.I.an.&Hag.-B8.'91.
let. eit.. 78, 1891
Bnr. O. Kap.<t No.- lat, 58 104 "» 105
II7I4I
iiio'
91
Oils
StL.V.AT.H.— lBt,«.,7a' 117
iMllw.A No.-l8t,il8, 1010
Coupon. 78. 1894
Consol.. 1st. 5h. 1!i:J1...
'2d, 78. 1898
:....l
UeKiBteriMl, 7s, 1S91 .... lI7-<
l8t, 6.8, 1881-1913
MInn.Atst.L.— l8t,78,(ra. 121
2d, gnar.,7a, 1898....!
Mll.L.S.4W.-l8t,B8,1921
iBt, Pa.Div.,cp.,78, 1917 133
l».Clty..t WMt.- l«t,78
Pltta.B.AB.-latBa, 1911 *;•„-,;- 80
Ist, Pa. I)lv.,roK., 1917. 1321a
Mlcli.dlr.— lat, ti<. 1924
C.Bap. I. F..t N.— l8t, 6a 108
Pitta. Cleve. ATol. -lat 69*107% 110
Mlnn.ASfcL,.— l8t,78,1927
Alb. & Snaq.— let, 78 ... 108
let, .Is, 19'il
104:
PlttJl. Jiinc-lat, 11.9.1922' ;-lowaKxt.-lat, V 1909
2(1, 7a. 1883
Bnff.N.Y. * P.-ron«.,68
Rome W. A Og.— lat,7a,'9 1,12?
l8tcona.,guar.78,1908 *124=8
<Jeneral, 6fl, 1924
2d, 7a, 1891
113%
•«
113%
Con., iBt ext, 5e, 1922.1 75% 78
98^1
8'thw.Ext-l8t,7a,1910
lat, cona.. ga., 68, 1906 ,
Can. 8o.— 1 at, Int. guar. Sa! 98
z,7J
73 "a
Roch.APitt-lat 68,1921 10i% 1071%
Pac. Ext.-lBt, 6a,1921.
Rena. * Sar — lat. cp.,7» J38%!
2d,6», 1913
**^'»
137
Conaol., lat 68, 1922.. ..I
lat. reg, 79, 1921
Mo.K.A T.— Oen'l,8a,19'20
Reg, 'is, 1913
92
93
Rlch.AAlleg.-lat78,19'20, *!%
Denr.&RloOr.- l9t,1900 89
General, 58, 1920
Central Iow»-l8t.7a,'99t
50
1904-3.6
49
RIch.A
98%
Danv.—
lat,
conaol.,
1910....
78,
Cona„g.,Ba|
Div.-lat,
6a.l912
78,
Cons.
Kaat.
*59
82% Cona. 2d. Income, 1911..
Debenture Ba, 1927
111. Wv.-lst, t)8, 1912..
Den.So.Pk..t Pac— lat, 78
Atl.ACh.-l8tpf.,7B,'97, 1J8
Den.A uloil.West.-l8t,(i8 41% 42
H, A Cent. Mo.— lat. '90
ChM. Col. 4 Aug.— lat, 7a
7o
BO
42
Incomes, 1900
Cbeeapcaki' A Ohio—
Del. Mack. ,t.Mar(i.—l9t,B8
Mobile A Ohio— New Ba.- 105
100
109
80
Scioto Val.— let, cona., 7a. ;--•
Land grant, 3 %8, 8. A .
CoUater'l truet, Bb, 1892
Par. moiiev fniul,lH98
106
lii"
St. L. A Iron Mt-lat, 7a; ip
E.T.Va.AO.— lsC7s,1900t
lat, Kxtenslon. 8a, 1927
ea, goM. serlea A. 1908
i'0'7"
74
74>«
104%
*'*» 48% Morgan's La.A T.— lat, 68
2d. 78, 1897
lat, cons., .58, 1930
6«, golil. aertpa R. 1908
•90
115
26
26 <!
*90
Arkanaaa Br'ch— l8t 78 'OS's
Divisional 58, 19301....
1st, 7s, 1918
6a, currency. 1918
92
Cairo A Fulton-lat 78 ]0S% 106
EU7..C.AN.-S.f.,deb.,c,
Na8b.Cliat.A StL.- lat,7B 117% 117»<
Mortgage (>a. 1911
Cairo Ark. A T.-lst 7s 102
Che».O.AS.W.-M. 6.6.8...
lat.Bs, 1920
2d, 6a, 1901
70', 71
80
Gen'lr'y Al.gr.. 58,1931
ElU.Lex.A Big Sandy—6a
N.Y. Central-68, 1887. . .
CWcago * Alton— l8t. 7a. 118%!.
StL.Alton A T.H,-lat7aj'112
Erie— iBt, extended, 7a ... 121
Deb. certa., ext'd Sa
Sinking fuml, Ba, 1903.. 'ligial.
--•.. i'ois"
2d, pref., 7s, 1894
2d. extended, 5a, 1019 .. 109
N.Y.C.A H.— l8t,cp.,78
Ijk. A Mo. KIT.— Ist, 7a. 117
'llliiL
2d, Income, 7a, 1894 -...L,?g
Sd, extended, 4 %e, 1923 104%
lat, reg., 1903
ad. 78, 1900
107
108
Bellev.A So. 111.— lat 88*112
4tli, ext«nded, 5s, 1920.
Deb. 6a, 1904
et. L. Jack. & Chic— lat! 117iai.
107%
-,
StP.Mlnn.A Man.-l8t,78; 109%
5th, 78, 1888
Hnd.RlT.— 7a,2d, s.f ., '85
lat, guar. (5B4), 78, '94
120
111%
116%,
2d, Ba, 1909
2d, (360), 7a, 1898
1st. con.8., gold, 78, 1920 116
Harlem— 1st, 78, coup.
JJ'
113
Dakota Ext.-6a, 1910.. 110'4 111%
2d, gnar. (188). 78, '98 118
let, C008., Id. couDi, 78
Ist, 78, reg., 1900
._
lat conaol., Ba, 19.33. ...j 103=i 104
lUaa.&Br'g&-l8t. s.f.Ba
N.Y. Elev'd-lst, 7a, 190B
Roorg., lat lien. bX 1908
1st. cona., Bs, reg., 1933.
ChlcBurl.A Qulncj—
Long IJook b'nds, la, '93 114 116%! N.Y.P.A O.— PrJ'n, 6a, '93
'108
I?l<4ll32
Mln'8
Un.-l8t
6s,
1922
Conaol. 7s. 1903
N.Y.C.A N.— Oen..6a,I910
ButlVN.Y.& B.— I8t.l916 124's
St P. A Dul.— lat 58, 1931 102
Sa. alnklng funil, 1901
N.Y.L.K.,tW.-New2d() *54%
Traat Co. recelpta
99-I8
99
So, Car. R'y— lat, Ba, 1920 103
Ba, debenturpfl, 1913...
Collafl trust,Ba,19'J
N.Y. A. N. Engl'd-lst, 78
•80
103
"so'
I».Dlv.-S. f(l., 58. 1919
2d, Bb, 1931
lat, Ba, 1905
Buir.it S. W.-M.,63.1908
9334
Shenand'hV.- l8t.7a,1909
Sinking fund, 4a, 1919
N.Y.C.ASt.L.~l8t,6s,1921
Ev. A T. H.— 1st, cona., Ba 101
93
92^ 2d. 6a, 1923
General, Bs, 1921
Denver IrtT.-48, 1922.. 92
MtVem'n— Ist, 6a, 1923
90
Tex.Cen.— lsl,8.f.. 78,1909
N.Y.W.Sh.A Buff.— Cp.,58
Plain 48, 1921
Fargo A So.— Ist, 68, 1924 ,
lat mort., 78, 1911
C R.I.4 P.-68,cp., 1917. i'28ii 128 "a Fl'tA P.Marq.— M.68,1920 *115% i'le" Registered, 5s, 1931.--16
l'J8%' Gal. Har..feS.Ant.— lat,Bs
98 100
Tol. D«I. A Burl.— Main, eal
N.Y.8n8q.AW.— lat 8a. -t
8», reg., 1917
102
107
Kxt. .t ol., 3.x, 1934
lat Davt. Div., 68, 19IOi
Debenture, 6s, 1897
2d, 79, 1905
,„
.
*91',
Keok,£ Ilea M.— l.st, 5a 100-4'
Mldtandof N.J.— let, Osl
lat Tef'l tmat 63, 19101
Weat Div.— let, 58
Tex.A N. O.— lat, 79, 1905
Central of N.J.— lat, 'OOti 111
N.Y.N.H.AH.— l8t. rg., 43
2d. Ba. 1931
80
99
99%, ar'nnay\V.&St.P.-l8t,68 ,57% 58% 'Nevada Central— lat, Ba..
Sabine Div.-l8t68,1912
letcone.Hsseiited.l.SOO t
99 ilOO
107% iN.Pac- O.l.gr., lst,cp. 88 104% 104% Va. Mid.— M. inc., Ba. 1927
ConT.,a99cnte<l,7s. 1902
Onlf CoIa S. F6-78. 1909 106
IO3J9IO4
....
Registered,
Ba,
Wab.St
L.
APac—
Oen'l
Bs
A^Juatmtnt. 7e, 1903...
-Jd, 69. 1923
1921.
'eo'
60
B3
Conv.dehent. Ba, 1908..
Hann.ASt.Jo9.-89,conv. i-OS':^ 104
Chlo. Div.— ,58, 1910
N.O. Pac.-l«t,B8,g.,1920t
91
117
Leh.AW.B.— Con.g'4La«.l 94%)
Hav. Dlv.—B8, 1910 ..
Consol. (is, 1911
Norf.AW.-Geu'l.Ba, 1931
77%
80
Tol.P.AW.— l8t 79, 191
Am.I)'k&Imp.-58,1921.
Houston & Texas Cent.—
New River- 1st, B8,1932
9'2% 91
Chli'.Mil.* St.Paul—
Iowa Div.— Bs, 1921....
OhloA Miss.—C'onSol. a.fd.
iBt, M. L., 79, 18911
127
120
80
79
l8t, 88. P. I)
Consolidated 7s, 1898.
Ind'polls Dlv.— Ba, 1921
Ist. Western Dlv., 78 t..
119
82
35
DetroitDlv,— 68, 1921
2d. 7 3-10, P.D., 1898... 117
2d conaolidivtod 7s, 1911 110 114
1st, Waco A No., 7.9)....
"4
lat,78, $g.. R.D., 1902. 127
Cairo Dlv.— 3s, 1931 ..
2d, consol., main line, 88.
Ist, Springfield Div.. 78 100%
80
117^ 2d. Waco A No., 88,1915
lat, I-aC. inv.. 78, 1H93. llti
Wabaah— .Mort 78, 1909
OhloCentral— l8t,8s,1920 57%
110
119% General, Ba, 1921
let. I. & M., 78, 1897... 119
Ist, Term'lTr., Ba, 19'20 •52
Tol. A W.— lat ext, 7a
95
1st, I. A 1)., 78, 1899.... 117%!
Houst.E.AW.Tex.— l8t,7e
lat, Min'l Div., Bs, 1921
lat St L. Dlv., 78, '89
89
9S
il2«
let, C. it M.. 78, 1903...
Ohio So.— Ist, Bs,19'21
2d. ext, 78, 1893
2d, Us, 1913
120
Conaol. 78. 1903
Equipm'tbda, 7a, '83.
III. Cen — Spd.DlT. -Cp.Ba '115
Oreg'nA Cal,-l8t,B8,1921
119%......
l.t,78, I.AD.Elt..l908 --Conaol. conv., 78, 1907
Middle Dlv.— Reg., 58... 102
Or.ATranac'l—68.'82.1922
107%
lat,S.W.DlT., 6s, 1909.1 IIOI4III
Orecon Imp. Co. let, Bs.
GtWest'n- 1st 78, '8»
C.St.L.& N.O.-'fen.l.Js! 118
97
96
121 %
lat,5s, LaC.&l)av.,1919
1 St, conaol., 7s, 1897 . .
lOreg'n RR.ANav.— lst,68
'2d, 7.9, 1893
lat,S.Mlnn. Dlv.,«a, 1910 110 1110%
IJeljeiiiurea, la, 1884
•2d, Ba, 1907
a.ATol.-l8t78, 1890
108 'a Panama— S.f., 8nb.6a,1910
119%
106
lat,H. & 1)., 7a, 1910... 118
Gold, Ba, 1951..•
Han. A Naple9— lat 78
115
Chlo.A Pac. l)iT.,B8, 1910 113 U14
Ill.A S0.I.1.— l8tex.,6s
Dub. A S.
2d DlT., 78
Peoria Dec. A Ev.— lat. Be
IIB
UiV 95
lBt,ChlO.A P.W.,38,1921
StL.K.C.AN.-K.e.,78
Kvans.Div.— l8t,69,1920
Ced. P. A Minn.- l8t, 78
93 >4 93 %l Ind. B1.AW.— latpref.,7a H*
Mln'l Pt. DlT., 58, 1910.
Peoria A Pek.U'n— lat, 68
Omaha Div.— lat, 7a
C.*L.Snp.Dlv.,5a, 1921
74%
Pacific Ratlroa^laClar'da Br.— 6s. 1919
lat, 4-5-68, 1909
WlB.4 Mlu.Div..58,1921 94 ij 95
StChas.Bge.- Ist6i
2d, 4-5.68. 1909
Central Pac— G,, 6a
92
92^4
'IVniiinal .',8, 1914
Eastern Dlv., Ba, 1921.. "77
No. Missouri— l9t 78,
San Joaquin Br.—68
Chic. A Northweat.—
Indianap.D.A Spr.— l8t,78
Cal. A Oregon— lat, 6s
WeatUn.Tel.- 1900,ooup.
102
Sink. fuml. 78, 1883
Cal. A Or.-Mcr. B, 6a.
1900, reg
2d, 58, 1911
102%! N.W. Telegraph— 7s, 1904
107
Consol. bonds, 7a. 1915. 135% 138
Int.AGt.No.— lat, 68, gold 10,.
Land grant bonds, 69.
B7
108
Kxtenslon bonds, 78, '85 102 ,102%
66
Coupon, 68, 1909
Weat. Pac— Bonds, Bs
MutUn.Tel.-S.fd,6a,1911
102 ,103
lat, 78. 1883
Kent'kyCent.— M.Ba,1911
;Jo.R way(Cal.)— lat, Bs
Coupon, gold, 78, 1902.. 127'i 128
fi^taniped, 4 p. c, 1911
Ho. Pac of Cal.
INCOME BONDS.
lst,Ba
Keglst'ii. gold, 7 b, 1902. 127%1'28
InUreitT piiii<il>te 1/ fAnud.)
L8hor6...M.S.AN.I.,B.f.78 1023i
Ho.Pac.of Ariz'a— lat, Ba
Sinking fund, Ua, 1929-. 111%
17%
.4tl. A Pac— Inc., 1910...
Cleve. A Tol.— Sink's 'd. 102%
8o.Pac.of N.Mex...lst,6a
lyji),
112
103^4
Sink. fund. B.s,
reg
New bonds. 78, 188B..
Union Pacific- lat, Ba .. 1111% 111^4 Central of N. J.— 1908 ....
Sinking fund, .5s, 19.'9.. 105 Il05%
Ceutla.— Coup. dob. certa.
Cleve. P. A Aah.— 7a.... 110
Land grants, 7b, '87-89 108 109
Sink. fund. 3a, 1U29, reg
121
93
[105
iChlc. A E. III.— Inc., 1907
Buff. A Krie— Uew bds
Sinking fnnda, 88, '93 118% 119
Blnk'g fd. deb.. 58, 1933
9B--^ 9B%'
118
DesM.A Ptl).— l8tinc.,68
Kal. A W. Pigeon— lat.. 100
Reg, Ha, 1893
25 yi'ara (U-b. .')», 1909..
93% 95=4
101
Det Mack. A Marq.— Inc.
DetM.AT.— l8t,78,1906,«121%
Collateral Trust, Ba..
EacanabaA L.S.— l8t,6a
E.T.V.AGa.— Inc.,!6s,1931
Lake Shore Div. bonds 121
do
58,1907
SesM.A Mlu'ap.— l8t,78
Conaol., coup., Ist, "Zs. '1'28
Kana.Pac.— l8t, Ba, '95 109% .... 'Elizab.C.A Nor. -2(1, inc.
123
Iowa Midland— lat, 8a.. 127%
108 109%! Gr.BayW.A 8tP.-2d,inc.
Conaol.. reg,. lat, 7a...
lat, 6b, 1896
Penlnauia— let, conv. 78 •130
Conaol. coup., 2d, 7s.. i'15' 115%!
Denv.Div.B8,a8'd.'99 107%'l07a4
'"" ,Ind. Bl. A W.-Inc, 1919
~ '
92
931
Chic* Ullw'keo— lat,78l
123
115%
Conaol., Inc., Bs, 1921...
Coneol., reg., 2d. 78 .
lat, conaol., Ba, 1919
'i
Wln.ASt.P.-lat,78,'8
105
Ind'aDec.A Spr'd— 2d,lnc.
Long I9I. KR.— lat, 78, '98, '122
C.Br.U.P.— F.c.,78,'95 100
'125
2d, 78. 1907
105
..
Truat Co. certificates ..
lat, consol., 5a, 1931
AtC.A P.— lst.6s,1905 85
MU.A Mad.-l8t,6a,1905
Louis. Weat.— lat, Ba
Leh. A Wllkeab. Coal— '88
AtJ.Co.AW.— lat,B8 90
Ott. C. F..ft St. P.— lat..",8 102
118%
103
85%
Lake E.A W.-Inc.,78,'99
Loulsv. A N.— Consol. ,7a.l 117
Oreg. Short L.— 1st, Bs
O.U.C.AInd'a— l8t,78,s.fd.
100
Sand'ky Dlv.— luc.,19'20
Cecllian Br'ch— 7s, 1907 *
Ut.So.— Gen., 78, 1909 86% ....
'11'
Consol. 7s, 1914
79',
91%-...
L»f.Bl.AMun.-Iuc,7a,'99
N.O.AMob.-l3t,6a,1930 •
Exten., lat, 7a, 1909
Conaol. sink, fd., 7s,1914
68
62
Mo. Pac— lat, cons., 6a
95 |....
MU. L. Sh.A W.— Incomes
2d, 6.9, 1930
General consol., Ba. 1934 '98% 100
101=14 ....
Mob.AO.— Istprf., deben.
E.H(.AN.-lrt, 68,1919 102
3d, 7b, 1906
Chlc.st.P.Mlu.it Oui.—
88%
2d. pref., debenturea
General, Ba, 1930
Pac of Mo.— lat, 68.. 103»4'.
Cons'.l. '>8, 1930
112^ 113%
82%
109
3d, pref.. debentures
Pensacola Dlv.— 68,1920*
•2d, 78, 1891
C.8t.P&M.-lBt,68, 1918 118% 120
96
4th, pref., debenturea .St. L. Dlv.-l8t, 6s, 1921
8t.L.AS.F.-2d,68, C1.A 102 104
No. Wl8.-l8t. Be, 1930.1
N.Y.Lake E.AW.— Inc.Ua
99 100
43%
•2d, 3s, 1980
368, ClaaaC, 1908....
Bt.P.A S.C.— lsl,Bs,1919 m'% 120
Nashv. A Dec— lat. 78
3-68, Class B, 1906....
08% 100% N.Y.P.A 0.-l8tinc.ao.,78
Chlc.A E. 111.— l«t,«.f.,cur. 105 107%' S.A N.Ala.— H.f.,6a,1910
Ohio Cent— Income, 1920
1st, 6a, Pierce C. A O
Ohlc.Ht.L.A P.— l8t,con.58 •75
Mln'l l)lv.-Inc,7a,1921
Equipment, 7a, 1893.. i'o'i"
Louiav. C.A L.— Ba, 1931
24%
Chic. & Atl.-lat, B8, 19'20
81
93
Ohio .So.— 'id inc.. Ba. 1921
Trust bonds, Ba, 1922...
79
Gen'lmort., Us. 1931..
1923
2d, 88.
'Ogdcna.AL.C— Inc. 1920
10-40 .Viiliiit. Ba, !9'24 ..
66% 67 's
So. Pac. of Mo.— lat,«a 103% 104
Chlc.A W. I nd.-lBt, 8.f ., Ba 100
108% PeorlaD.AEv.— Inc., 19'20
T6X.A Pac-lst, 08.1905
L.ErleA W.— Ist.Ba, 1919 80
Uen'l mart., Ba, 1932
100 103 »
Bvanav.Dlv.— Inc., 19^20
Sanduaky Dlv.—68,1919 75
Conaol., Bs. 1905 1
Ool.&Oreen.-lat, 08,1916
37% PeorhiA Pok.nn.— Ino..6s
Laf.BLA M.-lst, 68, 1919 82
Income A hi. gr., reg..
•2d, 68, 192B
Rnrh.A Plttab.— Inc.l921|
Loaisv.N.Alb.AC.-Ut,6a 92
Rio 0.,68,.\ug.cp. on.
Col H. Viil. & Tol.— lat, 5»
65
Rome W. A Og.— Inc., 7s.
75
do exAug.coap.
General inert., 68, 1914
Del. L.& W.— 78, conv., '92
52
So.car.Ry.— Inc., 6s, 1931
120
Liiu. N.O.t TfX.— lat. 58
Gen. mort. ."t Ter. 6a.
88%
Mortgage 78, 1907
StL.AI.Slt- l8t7s,pr.L«.
130
Pennsylvania RR.—
Manhat. B'cli Co.— 7a, 1 909
Byr.Blng.A N.Y.-lat,78
1130
99
BtL.A.AT.H.— Ulv.bda.'
Pa.Co.'a giwr.4 %9.1 at.cp
N.Y.AM. B'h-lat,'7a.'97
Del. L.
l(orrla,t
|
1
,
I
1
:
i
,
1
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,
1
1
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.
1
1
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,
,
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I
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,
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—
,
.
1
1
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I
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'
*
No
prices Friday ; these are lateat qiiotatioua
made
this
week.
Coupons oSL
.
—
-
.
New York
PRICB.
COMPANIES.
llHked thus
(•)
are
not National.
America'*
Amer. Bxcbange .
Broadway
&
.
Drov's'
Otaaee
Chatham
Chemical
Citizens'
City
Commerce
Cpntlueutal
Com Exchange*
Bast Kiver
Sleveuth Ward*
A venne*
Ponrth
Fojton
Gallatin...!
Garfield
German American*
German Exchange'
Oermania*
Greenwich*
Hanover
Imp.
Traders'...
A.
Irving
Leatlier Manul'rs'
Manhattan*
Marine
Market
Mechanics'
Mechanics'^ Trade'
100
100
25
86
100
100
25
100
26
100
100
100
100
25
25
100
100
100
100
30
60
100
76
100
100
25
100
100
50
100
50
100
100
25
26
American
Amer. Kichange
155
lalt's
123
Bid.
60
100
25
26
...
Bowery
Broadway
245
II2I2
110
180
17
Brooklyn
20
70
100
50
100
40
100
30
60
Citizens'
146
City
Clinton
2300
Commercial
125
250
146
Continental
143
108
106
150
Eagle
Empire City
Exchange
Farragut
Firemen's
Firemen's Trust
Franklin A Emp..
German-American
Germania
116
17
10
.
,100
.
loo
50
50
26
100
Guardian
16
Hamilton
50
Hanover
100
Home
60
Howard
100
Irving
30
Jefferson
Kings C'nty(Bkn.) 20
40
Knickerbocker
Long Isl'd (B'klyn) 50
Manufac. & Build.. 100
Mech. <STi'ader8' .. 25
Mechanics' (Bklyn) 50
50
Mercantile
50
Merchants'
Montauk (Bklyn.). 60
Nassau (Bklyn.) ... 50
37 "a
National
N. Y. Equitable ... 35
100
N. Y. File
60
Niagara
25
Norlh Kiver
26
Pacillc
100
Park
20
PeterCooper
50
People's
60
Phenix
25
Rutger's
60
Standard
100
Star
100
Sterling
.-] 25
Stuyvesant
25
United States
10
Westchester
WlUlamsbarg City. 60
Globe
160
125
Green-wlch
150
100
260
129
150
143
148
138
135
100
112
ISO's
Uercnante'
Merchants' Excb...
eo
Metropolis*
Metropolitan
Mtirray HUl*
40
23Hi
120
160
140
100
107 "a 112
97%' 105
110
130
147 157
142
144
Nassau*
New Vork
Kew York Connty
C0MPANIB8.
ABk.
Bid.
.
S. Y. Nat. Eich....
Ninth
North Ameilca*
North River*
Oriental*
Pacific*
Park
I
i
i
ibo
Produce*
B«Dnbllc
100
40
75
56
100
100
146
;
People's*
Pheuii
140
100
185
170
160
125
116
120
40
225
230
76
75
103
75
30
105
205
120
105
220
60
102
120
120
50
40
118
200
80
|
106
iia
9B
112
125
StTNlcholas*
Seventh Ward
Becond
Bhpe fb Leather
Bflite o( New York*
106 la
122
80
145
70
120
105
165
100
140
100
130
110
95
40
50
100
123
120
210
Ask.
150
110
113
180
170
145
126
125
60
230
245
80
100
108
85
70
111
215
125
110
260
67
108
130
123
60
60
126
210
90
105
112
50
195
63
105
107
160
90
155
80
126
110
176
108
150
110
135
120
100
55
57
120
130
125
226
^rd
Iradesmen's
Union
United States...
Wall Street
136
98
Par.
Brooklyn Gas. Light...
25
20
Citizens' Gas-L.(Bklyn)
1,000
I
& Hoboken,
Metropolitan— Bonds..
Jersey City
Matnal(N. Y.)
Bonds
Nassau (Bklyn.)
1,000
100
1000
25
Var's
10
1,000
Scrip
People's (Bklyn.)
Bonds
Bonds
WlUianisburg
Bonds
&
Amount.
Co., Brokers, 49
"Var's
50
1,000
Metropolitan (Bklyn.)..
Mnnieipal— Bonds
Fulton Mumcipal
100
1,000
100
Bonds
Bqaitable
'ibo
1,000
Bonds
1
loo
Istmort
1,000
Br*dway<fe7thAv.— St'k.l 100
Istmort
1,000
Brooklyn City— Stock. ...1
10
I
;
Wall Street!
Date.
Period
NT 10, '84 128
Jan. 1,'85 83
S'g F., '99 107
AG.
2.'i9.000 A.
Ask.
*
2,000,000 Var's
1.200,000 Var's
&
J. 7>a Jan. 1,'85
700,000] F.& A.
3,500,000 Quar.
74\
74 •-a
7%
Pacitic
Concord
Connecticut River
Conn. A Passumpslc
Connotton Valley
110
2"a Jan.10,'85 12'i
l.OOO.OOOJ.
<fc
J.
3
'Dec.l5,'84| 79
400,000. M.&N. S^a Nov. 1, '841104
1311.000 J. & J, 3
Oct. l,'84l 98
1,000,000 Quar. 21) Jan.2U,'86;l32
1900
1,000,000 A.&O.
106
Jan. 1,'85 93
1,000,000:...
M.&N
3,000,000
300.000 J.
dk
J
1888
106
Jan.15,'86 148
1900
101
95
103
2,000.0011
1900
1,000,000
i'ii"
124
114
121
95
80
108
101
137
110
96
108
160
105
98
106
-.
llOO,000;J.<t J.
700,000, J. ii, J.
2,100,000! Q.-J.
1,500,000'J. &D.
2,000,000, Q.— F.
j
1
a—
Bonds
1,000
250.0001 A.
SxyDk.E.B.dk Bat'y— Stk
AG.
100 l,200,0(IOi Q.— F,
let mort., consol
600&C. ilOO.OOO J. & D.
Scrip
100 1,200,000; F. A A.
Kigbth Av.— stock
100 1,000,0001 Q.—J.
Scrip
100 1,000.(100; F A A
42d A Gr'nd St.F'ry-St.k
100
748,000 Q.— F.
Istmort
1,000
236,000 A. AG.
Honst.W.st.4P.F'y~Stk
100
250,000; Ci.— F.
Ist mort
500
600,000'J. A J.
Becond Av.—Stock
100 I,(<fl2,000 J. A J.
Sdmort
1,000
150,000! A. AG,
Consol
1,000 1,050.0001 M. AN.
Sixth Av.— stock
100 1,500,000 M.A S,
1,000
tiiorf,
Third Av.— Stock
Bonds
1,000
Twenty.thlrd St.— Stock.
500,000'j.
&
J.
100 2,000,000, CJ.—F,
100
1,000
2,000,000|J.
A
J.
600,000 F. A A
2,50,000'm.AN
shows last dividend on
stock^^
Jan.,
'83i
24
July,1900llU
25
1121:,
Jan.,
'S.il-O
172
Jnne,190l 103=, 1041.^
Nov., '84.216 220
Jan., 1902 lOS
'84 160
Oct.,
Jan., 1888 105
i
Nov.,
Jau.,
'84
'85
N0V..I922
Jan.,
'85
Dec, 1902
l"-jlNov.,
'84
7 'Oct., 1898
211 Nov., '84
June, '93
7
Feb., IB 14
6
2'a!Jnn.,
'Hj
fob., 1914
'85
Jan.,
April, '93
Nov.,
July,
162
150
110
145
121
132
110
189
114
101
240
104
243
112
'84 140
'94 111
'85 180
112
165
112
167
160
75i«
"65 '-6
321a 33 14
18^4
18
'
82
"^
»
1121...
146
123
137
116
191
116^3
'<
---
N,
v..
Jan.,
Feb.,
May,
'84 160
'90 110
'84 '285
'90 111
'85:185
'93I1IO
300
113
190
118
but ilato of maturity of bonds.
17'a
2d prefeired
Delaware A Bound Brook 120
43
East Pennsylvania
Elmlra A W illiamsport.. 40
54
Broad Top
Preferred
Lehigh Valley...
Prefeired
Little Schuylkill
Minehlll A Sch. Haven...
Nesquehoniug Valley...
Norfolk A West'n— Com
Prefeired
Northern Central
North Pennsylvania
76'4
29
18'a
22
39
20
221a
96
1181.J
40
1923....
122
113
68, P. B., 1896
Gen., 7s, coup.. 1901,
10713
55
CANAL BONDS.
621a Ches. A Del.— 1st, 68, 1886
RAtLR'D STOCKS.
Par
661a 72 'a
Atlanta A Charlotte...
100 172 180
Baltimore A Ohio
50
Ist pref
23i<
2d pref
Parkorsburg Br
57
62
814
62'.;
Central Ohio— Com
Pref
17
Western Maryland
8%
50
50
60
50
RAILROAD BONDS.
A Charl.— Ist.
Atlanta
Inc
.
19410 Charl. Col.
A Aug.— 1st..
2d
Wash.
A
Bait.— Ists.
2d8
3d3
Atlantic.
CANAL STOCKS.
2ds
No.Central— 63,
iS
Plttsb.-Ist.Os
1st. 6s, re or., 1908
Belvid'e Del.— lst,6s,1902
10318
2d. 63, 1885
10214
8d, 6s, 1887
108
1893.
Gap—
Ist,
78,
Bell's
100
Ist, lis, 1905
Consol., 6s, 1913
ButS. N.Y.A Phil.— lst,6s
2d, 7s, 1908
nnns. B.*. ia'^1
Union RR Ist.gua.JAJ
Canton endorsed
Virginia A Tenn.— 53
1st, g.,
A
3319
08 "4
99
58",
58-,
28 "4
96%
67% 68
100 "a
imh
116'a
103
1031a
lOlia 102 la
121
121 la
114
J.AJ.
J
2d, guar., J.
2d, guar, by W.Co.,J.AJ.
J
68, 3d, guar., J.
A
A Aug.— 6s
A Weinon— OoId.7s
Wilm. C
Wll.
t
In default.
«
'a
821a
1'2S
8s
W.Md.—6s,
.
Per share.
'85, J.AJ
AO
1900, A.
gold. 1900, J.AJ....
Series A
Series B
Pittsb.ACon'ella.-78JAJ
6s,
68,
5s,
58,
A
112
89
106 1« 107
28 <a
ColnmbiaA Gr6env.»-lst8
Lehigh Navigation
Pennsylvania
ISi,
111
Balt,AGhlo-«s„'85A.AO 103
Cen. Ohio.— 63, lst,M.AS, 108
Cin.
.
8319
Lehigh Nav.—6s,reg.,'84. 107
16
Mort. RR., reg., 1897 .. 116
Cons., 78, reg.. 1911
1201s
' 83'
Pennsylv.— 6s, cp., 1910.
a'a Schuylk. Nav.— l8t,6s,rg. loe
79
2d, 63, reg., 1907.
59
A
RAILROAD BONDS.
751a
45
BALTimORE.
16
Erie
Norristown 107
A
old,
1st, 78, 1899
Cons. 6s, 1909
57 "a
A
Ei.divldend.
76
81
40
W.Jer8eyAAtl.— l8t,68,C. 106
Western Penn.— 6s, coup.
63
52',
N.Y.,
Phila. Newtown
Reading
Phlla.
Bait
Phila. Wilm.
Plttiib.ClD.A St. L.— Com
Uuiteil N. J. Companies..
Westchester- Cons. pref.
!,";•
Imp., 63, g., coup., 1897
Gen., 6s, g., coup., 1908
Gen., 7s, coup., 1908
Income, 78, coup., 1896
Cons. 58, Ist 3er.,c.,1922
Cons. 5s, 2d ser.,c.,1933
Conv. .\dj. Scrip, '85-88
Debenture coup., 1893)
Gen., 4s,
63
Ist preferred
Allegh. Val.— 7 a.lOs, '96
7s, E. ext., 1610
Inc. 7a, end., coup., '94
lis"
981a
Warren A F.— 1st, 73, '96
West Chester— Cons. 78.. 115
W. Jersey— 1st, 68, cp.,'96 113
A
1051..,
II3I2
I
149 "a Sunbury A Erie— Ist, 7s. 121
981a
Sunb. Haz. A W.— Ist, 6s
iTi'i
67
2d, 6s, 1938
18
Syr.Gen.A Com.— 1st. 78.
13
To^. A Pac —Ist, 68,1906 106
70
Consol., 63. 1905
131a Union A Titusv.- 1st, 78.
United N. J.— Cons.Os '94
Cons. 68, gold, 1901....
cons. 68, gold, 1908....
Preferred
Ashtab.
'
Shen. Val.-Ut. 78, 1909
Gen'163, 1821
Im.ome, 6s, 1923
Income, 5s, 1914
16
2»B
?3ia
Schuylkill Nav., pref...
Jan.,
190
April, '83 loo's 101'.^
Mf?. '88 lO.i 106
July,
Nov.,
13%
105
265
255
117
150
122
I
.
Catawissa
A
C—
A
ShamokinV. A Potts.— 78
Gap
West Jersey
West Jersey
105
123
127
A
Pitts. Cln. ASt.L.— 78....
B.— 78,cp.
Pitts. Titus.
85
69
Buffalo .\.Y. A PhU
Prefeired
Camden Atlantie.
A
1'20
Conv. 78, cji.off, Jan.,'85
Phll.Wll.A Bait.—Is.tr.cC
PHlt.ADELPHlA«
RAILROAD STOCKS, t
A
95
Scrip, 1892
Allegheny Valley
Ashtabula A Pittsburg
Ger.
75
127
Conv.,7s, B.C., 1893..*
Preferred
Philatielphia
coup..
Perkiomen— 1 at, 68,cp.'87
561
Worcester A Nashua
Wisconsin Central
Pliila.
9413
68..
1919
78, 1896.
-•
5s, reg.,
N. Y.
7,1906
130
Rutland- Preferred
Pennsylvania
107 "a
92
84
94
Cons., 6s, reg., 1905....
Cons., 68, coup., 1905...
Pa.
IS
«80
*91
Kan. C. CUn. A SprlngCd
Kan. C. Sprlngf. A Mem.
Little Rock A Ft. Smith.
Louisiana A Mo. River..
A
6s,
l'24la
,
Preferred
Fort Scott A Gnll
Preferred
--•™v:
Iowa Falls A Sioux City
Preferred
Creek— let,
136
124
56
124
Phil.AErle— lst,78,cp.'88 HCalll
Ilia
Cons., 83, 1920
107
Cons., 5s, 1920
165
166
Phila. Newt. A N.Y.— li
76
120
Phil. A R.-l St, 6s, 1910
2d, 73, coup., 1893
119"
Cons., 7s, reg., i911 ..
481a 49
120
Cons., 78, coup., 1911
ni6 117
108 110
1.R.C.1911
Cons., 6a,g.,
Fltchburg ....
Flint A Pere Marquette.
Hnntiugd'n
CityAChic— Ist,
Oil
Oil
Cons,
43
Det. Lansing A No., prel.
Eastern, Mass
Bell's
84
821a
Gen,,6s,cp., 1910
54
Cheshire, preferred
Chic. A 'West Michigan..
Clnn. Sandusky A Cleve.
100 '3
112
7"8 Pennsylv.— Gen., 63, reg.
172
Boston A Albany
109
lio'
ill.
Boston A Lowol
173
Boston A Maine
173
Boston A Providence
112
Boston Revere B. A Lynn
S76ia 77
CanibridLC
Preferred
1002
3
1902
1,600,000!M.&N. 3
110
Jan. l,'851i;9
1.000,000, Var's 2
700,000'm.&N. 2H1IN0V. 1.'84 92
760,000
131
85
110
821-2
Istniurt
1,000
800,000 J. & I.
Bklyn. Crosstown— Stock
100
'JOO.OOOfA.&O.
Ist mort. bonds
400,OO0lJ.& J.
1,000
Buahw'kAv.(Bkln)—Si'kl 100
600,000; Q.—F.
Central Crosstown— Htk.
100
600,000
J.
Istmort
1,000
250,000 M.&N.
Cent.Pk.N.A E.Rlv.-stk
100 1,800,000' Q.— J.
Consol. njort. bonds
1,000 l,'.i()0,OO0,J. dkD.
Ohrist'ph'r&lOth St— Stk
100
650.000 a.— F.
fioloitxu
76
A New England ... 15'4
Northern of N. Hamp.sh.LJl»
Norwich A Worcester... eloO
-.
Old Colony
e-a
Ogdensb. A 0. Champ. ain
Portland Saco A Portsm.
[Quotations bj H. L, Qrant, Broker, 145 Broadway.]
Bl'cker st.dk Fult.F.— Bik
This
A
111
114
2d. 78, reg., 1910
Cons. 68, C.A R., 1923
N. O. Pac— 1st, 6s, 1920.
No. P6rin.-2d, 73, cp. '96.
Gen., 73, 1903
Debenture 6s, reg
Norfolk A West.- Gen.,6.'s
N. B. Div., 1st, 63.1932
N. Y". Phil.A Nor.— iBt, 6s
Inc., 6s, 1933
119
Suininit Br.aneh
100 30.000.0001
20
756,000'J.
CoiihOlitlated (ias
*
Atlantic
121
IthacaAAth.— lst,gld.,7s
Leh.V.— lst,6s,C.AR.,'98 124
83 a<
N. V.
GAB COMPANIES.
El. AWnisp't-Ist,6s, 1910
5s, perpetual
Harrisbg- 1st, 6s, 1883.
Income
Old Colony— 7s
Rutland—63, 1st
Sonera— 78
STOCKS.
Atchison A Topeka
121
120
Cons. 5s, 1895
N. Y. AN. England—fls.. 100
10831
•„••
78
N. Mexico A So. Pac—78 119'8
Ogdenab.A L.Ch.—Con.Os
Ark. Val.— 7s.
1900-04
H.AB.T— lst,78,g.,1890
3314
A
6s, cp.,
Cor.CowanA Ant., deb. 6s,
Delaware— 63, rg.A cp.,V.
Del. A Bound Br — lstj7s 120
108
East Penn.— Ist, 7s, 1
BastonAArab'y- 6s, 1920 110
43 %
Income
— 1st, 7s, con. c.
Connect'g
io
Nashua A Lowell
[Oaa Qnotations by Geo. H. prektiss
1st inori
86
104
Ft. S.-78, Ist
Burl. Co.— 6s, '97.
New 78, reg. A coup
Mass.— 63, new.. 119
lie's
FortScott AGulf- 78....1
...... 108
K. City LawT. A 80^68..' ?llHi«
B.-78
K. City St. Jo. A C.
K. City Sp'd A Mem.— Os
Mexican Central—7b
A
Chat. M., 10s, 1888
5s
East'rn,
Pueblo
109 "a
Catawissa
—
\
151
Gaa and City Railroad Stock* and Bonds.
1st
Cam.
Conn. A Passumpsio— 78.
Conuottou Valley— 6s
6s
10414
2d, 6s, 1904
Cons., 6 p. c
'
West Side*
Bonds
Mort., 6s, 1889
Cam.
117'
Exeiuptj 117
Nebraska,
Nebraska, 6s.Non-ex'pt, 107
Nebraska, 48
A
A Amboy—6s, c.,'89
A Atl.— lst,7s,g.,'93
Cam.
6s.
Little R.
Bid.
Buff.N, Y.AP.— (Cont'd)—
,8t,Tr.68, 19^2
Bnff.Pitts.A W.— Gen.,6s
BOSTON.
Atoh. A Topeka— 1st, 7s.
Land grant, 78
Boston A Maine— 7s
Boston A Albany— 78 ...
Boston A Lowell -7s.
68
Boston A Fro-vldence— 78
Burl. A Mo.— Ld. gr., 7s.
Preferred
Maine Central -........--.
Mai-q. Houghi'n A Onton.!
Preferred
Metropolitan
Mexican Central
lC2ia 105
SECURITIES.
Bid.
SECXjBITIES.
UaU
[Prices by K. S. Bailey, 7 Pine St.]
List.
fVoL. XL.
Qnotations In Boston, Philadelphia and Baltimore.
Local Secnrltles.
Inearance Stock
Bank Stock
Titth
Effth
First
...
THE CHRONICLE.
286
Botchers'
Central
—
;
1
II013
126
106
U0\
Last price this week.
.....
.
Fmroaby
31,
18M
..
1
.
THE CHRONICLE
1
RAILROAD EARNINGS.
The
latest railroad earninKa
latest tlato are given below.
and the
New York
totals
Laleil Earningi lUporltd.
from Jan.
1 to
287
City BaaVs.—The foUowlng tatement ahowi t<i«
New York Citr for the
oondition of the Aaaooisted Banka of
week ending Foliruary 14, 1885:
Jan. 1 io hateit naU.
Road*.
WttkorUo
1883.
18J4.
ISS'V.
1881.
$
$
9
•
Als.Ot.Hiinthern January ..
Bo«t. H. T. A W. l8t wk Feb
Bur.CVd.R.ANo. Ifltwk KoU
10t,7Sl
88,313
6,088
7,092
55,939
48.785
Canadian Pnotflc 2<1 wk I'ob.
92.000
60,100
Oentrnl Iowa ... 4lli\vk JaD
31,681
24,064
Central I'lioltlp.. January
1.047.000 1,449.785!
Clieoaii. A Ohio. Ut wk Feb
67,542
68.516
11.48V
KlIz.l/cx.AH.S. '.Ht wk I'lib
11,703
dies. o. A aw. 1st wk Fob
21,334
29,3S.|
Chlciwo Hi Alton iHt wk Feb 131,013
137.98-1!
Chlo.A RaBt. III. Ut wk \'f\
27.45S
37,170
CMC. Mil. A Bt.P. 2d wk Fib, 273,000 308,740
Chic. * Nortliw. 2d wk FrI).
228,000 325,300,
Ch.et.P.MIn.AO. Isi wk F<!l)
Ml, 400
82.200
18,ti.^s
26,147'
Chic. A W. Mich. iBt wk Fob
35.27"
Cln.Ind.8t.L.A(;. 2d wk Feb
30,672
Cln. N. O. A T. P.; Janiiarv
201,61
182,80
27,;6il
Oln.Wash.Allalt.llet wk Fob
41.010
Clev.Akr.inACoi Istwk Feb
6,987
6,271
Denver A Elio(}r. 2d wk Feb.
98.2.59
80,432
l)env. A K. G. W. .laniiarv .
02,615
I>e« Mo. A Vt. V). 2d wk I'eb.
5,025
6,883
7.83rt
I>et.LsD8'KA No. 2il wk Feb.
18,614
Dub.ASlouxCity 1st wk Fcli
14,^00
15,118
Svansv. AT. H. lutwk Feb
15,083
13,193
."1.551
Flint & P. Murn. Ist wk Feb
45,895
Flor.R'way A N. 1st wk Neb
23.S72
24,8!»S
Ft. Worth A Den. Januarv
22.264
24,896
Grand Trunk... Wk. Feb. 7 202,375 333,897
Or.BayW.&St.F. 1st wk Feb
4,79^
5,755
Gulf Col. ASanFe Januarv ..
92,332
138,414
ni.Cent. (III.). ..list wk Feb
243.300
197,080
Do (Iowa) 1.St wk Feb
27,400
29,360
Ind. Blooni.A W.Uth wk Jan
50,035
51,73i:
K.C. Ft.S.A Gull KliwkJan
66,3i;6
68,659
51. ".89
Kan. C. 8p. A M. Itli wk Jan
29.671
Kentucky Cent'l 1st wk Fel)i
14,303
13,18;
Lake Krio AW.. 1st wk Feb
32,074
18.449
I«ong Island
2dwk Fel).
32.73ti
35.531
Louisv.ANashv. 2rt wk Feb
257,415 222.995
Mar.Hough.A O. Ist wk Fob
5,610
4,538
Mexican Cent... 2d wk Feb.
65.000
43.287
Wei.N., all lines J.inuarv...
128,32
132..593
MU. L.Sh.AWeat. 2d wk Feb.
11,985
18,560
Mobile A Ohio
January.
207,640 179.228
Niish. Cii.A 8t.L. January...
184,98ti
W.O iSort!:eas; J„„a»ry ..
'3.5;738
54.719
N. Y.Out. AW.. Januarv ..
12S.330
121,369
Horfolk A West. 2d wk ^eb.
55,300
54,4'J2
Shenandoah V. 2d wk Feb.
19,82
23.573
Kortheru Paciflc January.
556,092 614,103
Ohio Central.... 2dwk Feb.
21,343
21,732
Ohio A Miss
2dwk Jan.
80.484
87,551
Ohio Southern.. January...
45.109
36,973
Peoria Dec.AEv. 1st wk Feb
15,375
11,731
Blohm'dADanv.'january .. 325,653 266,889
Ch.Col.A AuR.January ..
80,494
65,376
CelnmldnAGr.iJanuary
72.343
56,616
GeorKiii Pac.. 'January ..
60,528
46,052
Ta. Midland. .'January ..
106,004
107,115
West. No. Car. 'January
31,911
29,212
Boch. A Pittsb'u 2d wk r«i.
14,416
17,504
t.L.AJtonAT.H. Ist wk Feb
28,514
31,918
Do (hrohs.),l9t wk F'eb
14,930
13,611
tX. Ft. 8. A W.Ust wk Feb
9,584
7,483
Bt.L.A8an Fran. [2d wk Feb.
60,220
66,141
Bt.PaulADul'th 2d wk Feb.
15,350
13,738
Bt.F.Uln.A Man. January...! 466,125 449,307
Tex.A St. I>oul8. 4th wk Jan
17.012
15,780
Tol. A. A. A N.M January
24.050
15.780
TTl*h Central. .. January...
85.069
75,283
Vloksb'rK A Mer. Januarj' ..
42,280
43,323
Tloksb.8h.APao. January ..
29,901
12,483
Wab. St. I,. A P. January .. ,309,564 1,251,093
Wl»con»ln Cent'l January ..
102.338
117,895
.
.
.
. .
-
.
.
.
101,791
8S,313
39,210
32,9J1
279,837
282.6-1 H
608.761
377,615
85,615
110.91 S
1,647,00
1,149,785
355,719
317,137
61,431
58,873
111.939
129,02H
779,000
804.630
162,503
15'.',882
2,163,000 2,078,137
2,083,100 2,163,718
116,900
132,009
92,600
131, ".74
280.689
231,661
201,047
182.809
197,273
173,211
38.773
37.833
885,591
662,421
62,615
37,498
39',2"u
91,544
125.53 s
71,4.54
85,060
06,194
59,218
179.900
232,^41
120,363
117.09b
22,261
21,896
l,66-i,917 1,738,170
26,257
35,>n61
92,332
138.111
1,128,500 1,023.652
131,700
160,872
198,036
193,685
213,990
192.887
148,929
71, 19^
71,120
61,980
)
227,208
210,119
1,698,020
21,350
1,522,902
21,618
456030
231,554
132.592
104,325
179.228
186,992
35,738
121,369
319,511
97,569
611.103
127.711
156,176
36.973
76,166
236,389
65,376
56,616
46,052
107.113
29,212
103,203
116.361
79.136
128,323
105,455
207,640
ISi.siati
54,719
128,330
315,713
76,033
556,09
120,927
155,832
45,10»
79,616
325.053
80,401
72.313
60,523
106,001
31,911
117,576
123,556
72.019
42.799
453,127
111,400
466,125
63,281
\
.
Latat Bamingt Beporttd.
21.050
85,069
42,280l
29,901
4-2,388
462,303
93,970
419,307
69,882
15,760
75.233
43,323
12.483
1,309,561! 1,251,083
102.3381
117,-95
Jan. 1
to
Lalett
DaU.
Boad»,
WttkorUo
1884.
1883.
•
New York
Herohanta'
Meolianlcs'
,
Union
America
Pheniz
City
Tradeamen'a
Pnlton
Chemtcal
Merchants' Kzoh.
Oallatln National..
Butoliern' A Urov..
Mechanics' A Tr..
Pennsvlvanla. . December 3,769,,323
Fhlla. A Erie ... December.
281,,124
Piaia.A Rea<lV'> December. 2,315,,563
.
I
927,000
393,000
Leather Mannf rs.
Seventh Ward
2,7..8.1()0
1,114,H00
State of N. Y
Americ'n Exch'ge.
3,819,31)0
12,5110,000
Commerce
Broadway
17,742,000
6,895,100
6,532.900
2,653,000
6,160,900
3,448,000
1.505,200
2,950,700
7,225,000
2,305,800
2.607,900
147,700
2v7 98,300
2,116,600
2,700.000
4,917,000
977,yOO
161,400
633.000
3,143.700
954,200
493.000
216,500
489,300
332,100
486,000
392,900
4,01'0,100
1,4811.700
1,965,000
17.775,100
16.153,100
1,493.000
1,020,900
13,177.000
6,785,000
2,221,000
113,800
7,750,900
Kercantlle
PiwIBn
Republic
Chatham
Peoples'
North America
...
Hanover
Irving
Citizens'
NasHau
Market
•.»,
Nicholas
St.
Shoe A Leather..
Com Kichange
.
.
Continental
Oriental
Importers'A Trad.
Park
North River
East River
Ponrth National..
Central National..
Second National..
Ninth National...
4,(i90,'i00
First National
Third National ...
N. Y. Nat. Exch..
17,317,100
4,212.100
1,093,200
Bowerv
N. Y. County
l,i:i03,(;00|
Gt*rman..Vmeric'n.
Chase National...
Fifth Avenue
2,838,700
3,030,300
2,517,300
1,744,500
1,901,500
3,136,200
290,700
770,400
225.600
2,330,000
130,300
180,800
1,7911,700
888,900
616,600
196,000
121,000
156,000
447,900
104,600
383,600
3,058.000
31,000
238,300
5,104,900
1,970,000
337,000
1,409,900
4.233,200
1,335,400
214..J00
423,500
677.400
412,400
610,500
351,000
120,700
666,000
230.000
528,300
407,000
l,2;i0,700
1,501.300
186,000
232,f,00
2,415,300
775,000
691,000
395,91)0
1,371,200
3!;5,600
280,000
259,100
205,200
528,200
47 y, i\m
159,200
342,300
Oermania
United sutes
Lincoln
1,459.500!
GarBeld
1,047.900
1,101,900
2,976,100
Fifth National....
B'k of the Metrop..
819.400
115.000
289,500
940,400
551,200
120,000
191,200
29a,60«
878,700
191,(
l.OOj
2.600
606,800
42,300
79«,90e
884,800
864,000
423,000
46,0Oe
6,400
8'60'dbo
801. I0«
267,100
422,700
4!J7'.606
l63,605
gsit'eod
46,ooe
eis.sdi
130,000
297,060
46.000
45.000
438,800
176,200
225,000
180,000
2.10;i,300l
(UU
2.678,300
4,409.400
3,111,000
2,312,100
2,291,500
3,731.100
1,976,500
9u2,300
1,263.300
4,028,500
379.2110
463,000
150,800
118,700'
198,100!
122,400
229,200
312,900
850,600,
7 5,3 00
•.i,.lnu.
242,100
1,157,(500
"\.\66
349,000
2,365,900
1,142,800
4,269,700
15.019.000
17,969.900
4,460,600
6,866.600
2,806,800
6,843,100
4,114,000
1,760,400
3,850.700
8,890,300
3,039,000
3,265.400
2,870.500
2,547,100
2,004,800
3,107,000
3,981,700
6,438,300
1,901,700
23,419,800
22,707,000
1,652,000
1,028,600
17,037,600
8,053,000
2,945,000
5,653,800
19,176,300
4,727,300
1,214,500
439,800
468,700
164.300
504.800
462,900
135,200
.<37.300
4fto,ooe
97'2,80O
A52C,50O
1,908,000
0.4:H3,:)00
12.968.000
10,636.000
8,160,800
8.944,000
4,464,600
11,336,000
2,478,000
18,464,600
1,779.000
1.618.700
20,076,900
2,9.'( 1,200
3,709,700
1,837,900
1,002,000
498,000
1,200,400
1.8«t,000
l,9i6,oi>u
German Exch'nge.
46,000
180,006
44,600
177,400
133,700
299,453,1001103296800 37,671,500'357,040.900lH.024.000
Total
The following are
Loans.
1885.
98:l.>100
5,229.000
6,508.200
812,000
1.834,000
1.178.000
totals for several
L. Tenders.
Specie.
weeks
Deposits.
past:
Circulation .iw. Cltar'at
$
$
$
Jan 21 294,317,000'99,909,300 40,111,200 351,749,900 11.275,000U69,540.258
••
3ll2»3,716,700H017.!2000 10.'.i21,800 352,313,300 11,285,300 121,422.791
Feb. 7,291.047,400 \0539S200|3.3,191,600 354,418,700 1 1 .078, 1 00 500.830,609
14|29St,453.100ll03296800 37,574,500 357.010.900 1 1,024,000. 510.'.;05,022
'
Boston Banks.
—Following are the totals of the Boston banks:
Loans.
1886.
\L. Tenders.i
Specie.
Circulation Agg. CUar'gs
Deposits.
S
S
Jan.24 146,818,000
" 31 146,067,800i
Feb. 7 146,086,'200
'•
14 144,7S6,500|
8,515,200
6,2vU,200' 101,295,200 23,051,200
5,316,800 98,851,900 22,376,100
7,345,600| 4,571,000 97,489,1(J0 22,96 i,400
7,133,100| 4,088,600| 05,431,100 22,310,600
7,830,.i00i
Philadelphia Bauks.— The
64,271,530
55,195,627
63,215,610
53,243,357
totals of the Philadelphia
banks
are as follows:
1884.
1883.
16,339,310 13,909,440
312,669
197,937
331.230
191,952
4,114,275
3,276,830
213,316
266,337
589,071
557.939
368,271
416,382
681.082
669,936
1 ,439,071 1,299,421
510,031
478,063
1 ,828,8361 1,622,375
3 ,216,972 3,627,257
16 511,810! 20,191,901
5 619,866 6.861.837
1 034,210
1,003,864
3 521,878 6.083.131
,993,622
,619,139
3,37
371,590 4,069,007
3,840,510148 566.911 51,083,244
257.306 3 660,116 4,108,943
2.297.843 26 963,671 30,300,199
1.110.456 16 460,972 17,079,486
131,929 1 727,683 1,673.130
Lawful Af(MWV.
Loans.
OirculaNon.
Deposits.*
An.
Clear'n
*
$
Jan.
24
31
72,425,360
26,653,905
73,368,599
72,431.244
26,895,357
73,873,238
Feb.
7....
26,722,'202
72,648,300
72,974,966
'•
14
72,637,286
26,429,100
72,667,089
Inolndlng the item "due to other hanks."
••
.183,670 26,110,368
,157,653 3,996,240
Do C. A Iron December. 1.0-4,,821
Borne Wat.A Og. December
138 ,095
Bt-Johnsb.AL.C. November.
•14 ,069
23,289
254.467
258,836
Boath Carolina December
131 ,195
128,868 1 233,291 1.326,969
Bo.Pac.Cal..N.D. November.
126,,614
106,975 1 360,602 1,192,872
Do Bo. Dlv.c. November. 1373,,884 1305,473 13 269 336 13,763,028
Do Arizona.e. November 112 ,905 177,588 1 677,010 2.280.985
Do N. Mex.c. November.
59 ,337
59,420
639,066
737.577
ITnlon Paoiflo... December. 2,332 ,118 2,322,392 25,7!
791,198 '28,716,139
Wegt Jersey
December.
83:.l.SO
75,466
319.618 1.227.654
a Not Including eaminRs of New York Fenn. A Ohio road.
6Not including Central New Jersey in cither fear prior to June 1.
c Included in Central Pacific earnings above.
* Decrease on account of snow blockade.
I Does not include Colorado Dlvlnion since
October 1 In either year.
.
600.300
110,000
114.700
601,600
281,100
l..'iH7,H00
Oreenwloh
1885.
S
S
Atch.T.AS.Fe.. December. 1,282,,739 1,312,739
Atlantic A Pac. December.
130,,000
Ohio. Burl. A Q. December. 2.0601,357 2,170,913
Clev.Col.C.AInd November. 319,,708 370,079
Connotton Val.. Deceuiber.
22 ,711
25,951
Danbnry A Nor. November.
17 ,378
13,5 J7
E.Tenn.Va.AGa. December. 376!,803 371.945
Gal.Har.A S.An. November. 299,,159 278,761
Hons.E.AW.Tex October...
23 ,830
37,428
L.Rk.AFt.Smlth December.
76,,512
67,521
L.Rk.M.Rlv.&T. December
51 ,822
56,229
La. A Mo. Rlrer December.
50,.100
54,100
Meniph. ACharl. December
182 .343 150,749
Milwaukee A Nu December.
39 ,183
39,023
Mlnn.A8t.Ix)uli, December.
171 ,614
143,918'
H.Y. A New Eng December.
239,,050
215,122
H.Y.L.ErieAW.a December. 1,262 ,720 1,462,925'
N. Y. Pa. A O. December.
152,,148' 530,357'
S.Y.8u«f|.AWe8t Deeembtr.
87, 686
73,832'
Worthem Centr'l December. 442,,269 409,132i
Oregon A Cal... November.
90,,7oO
114,1741
Oregon Imp. Co. December. 223,,192 271,478
11.868.000 i»,l'.!0,000
8,618,000 3.777,000
7,114,600 1,986,800
7,0Ht.O0O 3.160.000
4.314.800 1,229,400
lU.631,100 4,006,300
2.40r,00D
849,000
7,482,100 11,068,700
1,991.800
324.800
1,019.800 1.140,100
14.885,500 6,591.200
3,008,200
419.700
4.742,300 1.288,700
Manhattan Co....
Unlisted Securities.
week
—Following are
Atlantic
md.
A
Pac.— Stock....
7»8
73
16
West. Div., Istmort
Incomes
new
"9
Accnmul. land grant
15
Cent. Div.,
Ist.,
liank.AMerch.T6T.-l8t
Boat. H.
M
A E.— New stock
Bost.H.T.A West.
BolT. N. Y.
St'k.
A
Plula
Trust bonds, 6s
Chicago A Can. So.— Ist..
A
latest quotations
Atlantic, ben. st'k
Ask.
Securities.
23
M.K.AT.— Income scrip ..
10
93
W
W., 1st
Pittsburg
60
6
6
80
18
33 "i
for a
18
A
Oaar. by D. A R. O
Edison Electric Light
Georgia Pac— .Stock
Ist mort.,6s
39
60
A
A Neb.,
1st mort.
1.
20
2>«
16
12ii
7
bonds
66
a's
trust otts
Yi"
22
22 hJ
11
A St. Louis—
M.A A. Div., 1st
mort..
U. 8 Electric Light
87
81
37
16^
20
71
3
24
6
"li"
"86"
86
3S>1
42^
28
27^
76
....
l-s
4
t
vf* as
«o
Inoom««
ll>a
38 <i
68 >a VioKsburgA Meridian...
Pref
12
4
78
95
Tex.
95><
43. 45
Mut.Un.— si'ck
10
State of Tenu.— Set'm't.6s
Settlement. 68
SB's Texas A Pac.-Scrlp 1884.
V,
67
Old scrip
13
Keeiy Motor
A N.— Adj.
Western
10
M.,
,
is"
Postal Telegraph— Stock.
Ist mort., OS
Postal Tel. A Cable—Stock
Kans.
2d mort
16.
..
A
l9"'
1
3Hi
73
10
•t'-i
.
A
|.4<ll.
32 "a'
48
Atlantic
Southern Tel.— Ist
Western
St, Joseph
Pac., 1st mart.
St. Jo.
1
Denv.A Rio Gr.
Uen. R. O.
mort
A
7
48
Denv.A RloOrande-ijons 44
5s
Pensacoia
1st
"s"
Bid.
7'8 N. Y. M. Un. Tel.-Stock.
74>, N. Y. W. Sh.AB.-stock.
16'8 jNorth. Pac— Div. bonds.
North Biv. Cons.— 100 p.c
68
14
Ohio Cent.— Riv. Div., ist
Conmiercial Tel.Co.— Fret 101
Continental Const.lmp.Co 11
Loulsv.
43.382,427
36,684,060
43,167,190
39,079,657
past:
S«curiti«.
chic.
7,821,782
7,748,678
7,767,977
7,760,194
8
..._
.
.
..
THE CHRONICLK
238
[Vol. XL.
ABSTRACT FROM REPORTS OF THE NATIONAL BANKS MADE TO THE COMPTROLLER DEC.
Dec. 20, 1884.
Deposits.
^5
41
-
1
Individual.
•e
Si
U
g
•"
»J
Boston
Mass., other ..
Rhode Island.
Connecticut...
lTotalDiv.No.1
New York City
(
• Albany
3 N. York, other
m New Jersey...
a Philadelphia..
E Pittsburg
Total Div.No.2
I
Delaware
* Baltimore ....
13 Maryland, oth.
0 Washington
f
.
.
g Dist. Col., oth.
E Virginia
^ West Virginia.
Total Dlv.No.3
I
ff
North Carolina
1
BouihCai-olina
1
Georgia
Florida
1
5
«
,
;
Mississippi
New Orleans..
Louisiana, oth.
Arkansas
Louisville ....
Kentucky.oth.
Temressee
Total Div.No.4
f
Cincinnati
1 Cleveland
a
2
3
g
....
Ohio, other
...
Indiana
%
Chicago.......
tlliuois, other.
Detroit
Michigan, other
^
Wisconsin.oth.
.
• Milwaukee
lTotalDlT.No.5
f
48
8,05:?. 000
50
54 50,950,000
195 43,B77,.5tO
63 20.540,050
88 26.'i56.820
ft>;9 167.742.370
4)
266
70
33
23
15
17
50
6
34
Missouri, oth'r
1 Kansas
60
2
P
63
35
Nebraska
Dakota
I
Total Div.No.C
f
Nevada
S
S
3,240,S56
17,607,263
5,121,242
2,550,77S
574,756
47,897
112,731
49,828
2,li'4,012
:0,140,3.iS
4'7i',539
275.366
11,321.296
6-1,995
52,025,140
53i,59i
77J,500
815,355
16,423
250,100
10.824
1,195,000
6,000
3,883,603
3,682.569
3,679,967
514,063
2,591,010
639,267
9,514,185
82,305
181,051
219,843
4,612,147
3,417,181
4,580,275
1,712,711
8,285,51ft
li6',537
148,274
791,601
1,819,084
1,066,107
9,172,574
1,057,051
2,870,826
8,245,429
8,462,532
70,687
795,007
325,751
315.941
2,213,185
2,401,000
1,935,000
2,436,000
200,000
1,735,000
425,000
3,525,000
100,000
6,142,100
405,000
3.551,500
9,458,900
5,035,300
37,349.1*00
10,105,000
11,260,000
3,250,000
3,065,000
3,995,000
4,755,OC0
2.1411,000
370 38,570,000
1
75,000
Ban Francisco.
1
California,oth.
1,500,000
2,050,000
jT
Washington T.
14
8
15
I
Total Div.No.7
an
2 Oregon
Arizona
X Colorado
t Idaho
',
^ Montana
•t New Mexico..
M Utah
g
647,540
3,012,300
784,580
302,000
60,000
1,262,322
513,889
6,5S2,631
12 "S'eOiMJOO
5,664,100
8
183 22,014,000
13,299,500
!)3
12 lO.SoO.OOO
lol
5
2,650,000
97
9,997,100
650,000
3
47
3.780.000
612 90.689.300
« Minnesota
h St. Louis
£
1,823.935
2,711,700
1,125,000
252,000
3,545,300
24
21
2,011.000
llOi 23,182.245
122
Iowa
226,990,956
5,571,416
74,592,081
28,720,619
63,304,343
20,660.440
56.907,479
476,747,331
1
\ Total Dlv.No.8
705,000
4,546,23;,
3,649,289
3,040,900
4
13
7,210,240
15,989,288
3,987,0J3
8,774,481
161.065,966
2,203,126
1,724,811
14,890,8il8
845,.'^18
604,860
464,263
648,594
438.424
6.929,596
907.500
20,000
264,500
165,888
645,000
600,000
24.1.750
80.000
5.810.00U
1,6(44,480
60
.>25.000i
Total for U. 8... 2.664 524.089.065 146,H67,1191
253,233
378,224
2.422.078
3,918,073
24.803,695
5,991,625
3,6116,073
95,t)66
4.53,69(.
'92,399
2,872,067
591,887
9,660.389
131,977
11,631,515
994.441
7,753,348
14,871,270
11.080.448
72,676.641
870,000
517.385
445,522
695.251
60,867
757,643
469,463
34.019
466,429
86,647
4,409,328
2,791.091
60.549,650
i;,018,285
16,114,437
5,288,797
5,376,076
7,155,903
8,932,r.03
138,049
945,968
5.617,194
2,001,997
1,139,626
9,842,834
B»l,338|
1.090,000
250,000
1,650,000
2'.i9.424
310.843
484,859
198,645
91,366
343,616
443,046
145.910
25,000
228,310
463,792
73,807
90,429
2.842
5
4
11,319,355
8,225,300
29,825,169
18,908,009
32,222,829
"'Sioiooo
2,174,5^2
340,000
874.489
20,891,624
l.')0,000
8
53,-508,322
i:4,6C4,29z
710,000
960,000
5,295,000
2
21
Wyoming
1,119,500
17,469,747
11.284.268
41,005,521
24,792,943
3O.g44.tU5
9.840
1,500
189,'488|
8,650
3,542,4901 2,872,070
569,319
178 551
1,503,577:
334.682;
1,000.397!
103 65C
12,790
127,630
7,317.504;
3,136,030
112.798
313,819
188,026
105,423
57,890
317,414
169,699
1,265,069
455.240
361,244
202,674
207,596
85,13t.
67,044
923.096
^
1,888,613
20,192,579
24,459.161
8,548,587
6.846,206
8,548,316
12,659,009
3.370.857
81,624.778
698,882
1,217,696
782,051
270,448
332,030
6S4.146
116,593
4.107,846
249,0io
1,921,823
5,875,700
2,028,209
1,851,266
1,098,375
29.640
90,000
1,950
484.470
14,340
1,070
118,000
59,610
16,200
3,240
520
213,010
200
280
2,070.217
134,624
6,695,530
336,842
5.124.069
59,835
605,476
"3,936
35,701
1,278.031
1.322,922
1,593,36<
414,413
121,404
250,384
102,434
16,485,380
1.589.647
""'540
20
52,720
57.210
1.643,722
505,529
808,542
8.686,03ff
746,33311,276,470 31,210,272
33,4391
50
536,368
711,4191
20,980 4,1 '19.901
25,350 1,700,786
282,514
060,.i38
374.010 9.761,475
92,531
45,030 1,988,760
94,430 2,747,575
1,128,262
3,653,036 1.836,320 52,105,137
188,25^
3,270,680
305,2.50
318,920
1,100
81,750
16,920
47,300
6,500
73,506
163.115
77,983
14,81)0
8.518
100,912
33,635
472,489
50,400
851,741
265,740
5.250,984
10,970
38.240
202. 7K0
640
7,930
95,220
56,797
61,364
98,259
12.803
21,682
7,230
43,522
10,273
142,177
5.653
20,186
71,600
122.546
327,688
490,474
443,075
77,745
236,328
32,172
751,183
3,125
1,339,867
128,191
uoigio
85.890
684,590
7,260
189,460
50,380
1,500
15,650
no.oio
295,550
421,42*
493.426
674,10.'|1,398,440
5,040,246
34,900
1,068,956
1,137,000
2,487,770
1,836,091
68,801
46,149
302,098
262,666
151,412
229,633
21,691
191,038
11,395
78,140
'i6',630
26,150
12,700
37,650
6,277,074.
l6,ow
1,362,923|
873,163
7,490
518,972
10,000
442,069
1,690
157,270 17,788,079
1,223,150
899,965
8.470
4.570
18,000
34.600
17,700
5,540
4,370
93,250
165,404
130,350
18,928
54,055
73,320
86,779
32,569
561.405
1,021,881
404,858
743.085
579,378:
307,992
5,180.309'
763
360
3,720
2,770
21,884
9,957
7,069
42.443
4,266
8'46'.2'75.
10,500
55,180
17,988
16,278
101,357
2,369
61,301
2,426
39,119
26,168
9,337
6,897
146,617
CITIES,
2,936
no
320
290
140
360
64,441
239,845
8,450
21,391
64,134
1,316,271
13,440
80J185-
AND TOTALS.
^1
circulation..
«60l
14-18
»-13
1-52
Other U.S. bonds
Stocks, bonds. &c
Due from banks
Beal estate
Gold coin
Gold Treasury cert's...
Gold Clear. House ctfs.
•25
5-82
•10
-45
•35
828
13-60
»«-28
•31
4-33
•81
•14
•52
2-70
11-79
1-04
3-23
1-38
•84
4-10
865
•32
8-77
1^39
141
•40
•12
•23
-25
1^81
•18
•22
•31
708
•23
•10
02
•02
•01
-21
65
JIftt's.
itfii's.
3994
2-28
r-76
3-03
1747
MU's.
7-92
93
-01
•91
•92
60-44 25-72
9-B-l
7-
Jrl
on
MU's.
AfU's,
6-08
1-84
2-0-
MUliotu.
Jfii's,
Mil's.
iVH's.
3-08
8-55
1-92
555-57
•8S
•61
•76
-60
81-44
•51
•65
•26
12-31
26-70
87-54
20-80
28-02
48-66
22-23
•0:
•33
•37
2-Si
1-11
ITO
•43
•12
•20
•09
•4
•78
•27
•09
•12
•15
•01
•03
2-35
•01
•01
•02
3
1-12
5-75
•90
•29
•2.
108
-S2
-01
•18
7-93
•35
•10
2-55
•16
•56
•81
•Oi
•53
74-01
18-47
•09
4-90
•01
07
•O.S
Maiiom.
678-63 1,234-20
23615 317-S9
Millions.
1674
7345
208-95
49-8»
29-00
5394
23
1-00
surer certificates
V29
12?
Legal tender notes
national bank notes
S^Ol
1^98
6'42
33-20
212
•15
-67
•39
•II
33-93
•14
5-31
111
1-75
134
8-00
•31
.5-81
1-S9
1^90
109
658
•07
•47
•35
•10
•14
•30
•0.!
•13
•06
07
•95
•41
-22
•28
•69
•13
•17
•16
01
01
19447 443-49
13-73
4-98
18 31
13-aa
34 00
18-23
f041
14-45
7-13
14-i
1-1:5
3-32
1-20
3^53
8-00
506 10 Bo
2-65
63
3-20
1-50
179-90
344-10
-79
1-li
•71
•24
31
-85
-23
6001
•75
•44
3-U4
1-88
•48
•36
•10
5-46
-49
•75
'li
•IS
•55
•68
•49
23-45
70-92
86-86
43-26
8-74 32-29
1-81 21-00
7-B>l
4-43
2
103
5-49
3-87
15
Clearing House etch's.
U. 8. ctfs. of deposit. ..
Due from U. S. Treas.
Other resources
Totals..
•23
•88
•04
68
394
1-99
•75
tT4^ 45-12 42^30
•S3
•04
•o-
1-16
•03
4«-42
•12
50^5S
2228.
•75
•66
•29-05
46-75
12141
•26
BIlTercofn
•03
180,747
115.837
164.689
5.247,020
3
JtfU'j.
9-43
$
61,254
720
2,200
53,713
48.493
2.590
254,948 1,286,910
294,515
29.550
95,934
2,300
202.701
1.280
1,01 1,558| 1.325,550
1,411
13,490
13.970
2 10^39
•4b
•17
"2,100
_5_
MUl's.
aro
ni
406,257
269.413
iir-88
44-19
ir-33
15,720
21,000
32,070
69,110
223,200
11,929.1'38
-^
3-54
4(y,960
30,172
266,000
mv!.
a-87
'i6',50lj
50,976
31,440
207,100
fei
9-87
9-29
4',7'50
1,960,468
1,373,308
7,076,963
Jfiil's.
301
15,050
10,000
Mitt's.
19-83
""ii'ao
336,497
410,020
Resources.
Bonds for
693,470
95
352,573
3,784
222,409
331,713
360,790
1
1
Iioans
5,310
10,676
93.930
157.518
3,293
62,290
8,407
161,13:
ClIIBS. &C.
1
12,< 0(1
of deposit.
$
987.649.1155 14,405.773 1,234.202.226 76,170.911 50.559.91oi 7.985,48715,030.770 93.40»,555-
?
s
s
Ji
10,100
157,980
40,000
1
STATEMENT OF THE NATIONAL BANKS OF THE RESERVE
Totals for Rksebtz
4'68'.6S0
iLeg.taid'r*
\certiflc-tcs
$
29,122,460 l,(;lb,»3.
854,74?
7,922,684
20,765,(52 1,233,420
472,068
3,074,556
736,127
9,096,421
204.478.077 16,107.410
453,240
144,510
8,357,232
458,867
4,622,745
1,430,297
1,507,480
1,708,042
18,229.173
mirer
„.,
210,385,727 26,622,277 44,193,870
169,140
7,132,6i7
479,695
6a8,150
84,276,8=6 2,531,014j
194,920
776,110
29,107,234
234,830
60,443,483 6,786,065
100,640
25,720.805 1,811,389
146.930
66.378.98i 2,818.055
483.415.744 41,824.603 43,738,330
653,427
78.072
634.683
195,013
2,543,488
41,781,721
Gold
$
22,082,580
1,400,000
9,085,597
3,738,069
9,^53,303
3,434,376
9,938,413
59,532,338
5
f
61
4
9
58
33
237
1,626,486
11,418,270!
13.619,124!
4,021,006
6,840,700
Gold and
8!
17,377,324
8,353,302
11,397.741
117,388,983
82,898,870
30,641,150
40,480,025
308,537,428
130.092
329,539
43,988
135,633
239,280
105.520
2H8.494
1,282,566
41,192.538
27
5
8,907,148
46,250,000
1,800,000
35,004,160
12,103,350
18,058,000
10,loO,000
32,084,840
11.713,2(10
16
14
15
$
2,443,545
dis-
4,821,597
70,812,162
44.713.970
11,422,794
20,563.251
165,924,055
224
6U7 155,4.50,300
4
10
a Alabama
J
10,360.000
6,105,000
71
t£
Treasury
count*. (Incl'g gold C. H.
overdrufls.) certificates. certificates
Oilier.
$
$
Maine
N. Hampshire.
Vermont
f
Loatu
1
Swrphis.
Capital.
30, 1884.
3-83
1-14
29-95
14-90
1-19
•5'
7-99.
5
OS:
76-37
22-83
75
20
1904,
•04
4-76
10»»
13-45
•15
12-18
23-21
33-SB<
•2,297 IS
3 42 1,033-28
•
LiabilUiet.
Capital stock
30^»5
462.^
180
18-06
Bnrplu fund
1142 22-38
1-40
9-35
1-75
8-31
OadlTlded
profits.
Clroulatioa...
Duetodeprtsltors..
Due to banks
Other
3X
l-il4
•38
23^30 11 -9a
70^95 227-65
34-01 122-69
ISi
liabilities...,
Tota's
.
3-43
•30
•08
3-01
1-61
13
•74
6-30
5-28
-62
20-91 17-72
2-60
1-9S
9-31
•2;
13-39
306
2-9J
VM
2-73
3-67
2-33
•00
•20
-03
-02
-57
47 443-49 13-7S| iT-TJi
4312
42-30
4-061 18-31
•4.S
194
1015 1171
•25
5-63
3-17
6333
•18
ViW
-42
5-55
•37
l3-8» 31-09 18-25 70-41 14-43
-31
7-15 14-8
•U5
493-98
220-11
2-82
3^42 l,033-2h
524-09
146-87
7071
200-45 280-37
3O8-08 1,00206
39-70
10-30
25987
is^s
?.29^-l5
I
.
Fbbrcary
'THE GHllONKM.R
81, 1885.]
?nu
c s t
mcu
t
ninhurHntienta
5ltlitiIvoad
IiitiTOHt
JutclUflCttcc.
ANNUAL REPORTS.
Northern Central.
near eiuling Dee.
ilfht
1891.
$
iflsa.
472.00.T
•»77,2nfl
mA3.
18H4.
Bft7;:n3
HHl.IRO
411.701
9»^,oI4
444,U72
7
1S4,270
r>2o,ooo
&2(>,000
8
41,130
8
4e,sii
1,800,935
1,0.')6,673
l,99tf,(ja8
1.903,28«
107.519
28.\U7
S03,745
3S4,0W
»
805.7.1()
380,.'>I7
Rnlnof ilhidnnd
out extra charge to all regular subscribers of the CHBonioLi.
Bxtra copies are sold to subscribers of the Chboniole at 60
cents each, and to others than subscribers at |1 per oopy.
the
mi
DIvldciiilM
The Ii»7B9Ti>Ba' Siipplbstbht oontatna a complete exhibit of the
funded Debt of States and Cities and of the Slocks and Bonds
of Railroads and other Companies. It is published on the
last Saturday of every other month—viz., February, April,
June, Aut/ttst, October and December, and is furnished with-
(For
—
Rciilnl" I'M'iillniw.Ac*
ANI>
23!)
31, 1884.)
Mlr^'cllnncoim
Bnlt.
ik
I'otoiiinc Int.
Tot. dlshiirseMionM
Bala nce. surpliM...
"
.M,218
37,177
rent of roiuls anil Interest on equipment.
liielililes
Lehigh Coal and Navigation Co.
(For the year ending December 31, 1884.)
The earnings of the Lahi/h & Susquehanna Railroad show
this year a decrease of $638,050, duo almost entirely to the
falling olT in coal tonnage and in coal freight rates.
The net revenues from all sources were $2,048,5.'K), being
$145,9.38 less than last year— a loss almost wholly due to the
decrease in railroad revenue, which was $177, .528.
Every
other dej)artni('nt of the business shows gains e.xcept the coal,
which yielded $10,2.52 less than in 1883, notwithstanding the
The annual report states that tlio tonnage of both classes of decrease in the cost of mining.
The disbursements for rentals,
coal amounted to :i,7.5«,693 tons, as against 3,526,03;! for the
tained.
"On the Ist of June list 300 hopper gondola cars and 400 long
gondola cars, costing f 290,000, were placed upon your line,
under the usual car trust arrangement.
« » *
"On the 1st of July, 1884, your company purchased the
entire capital stock of the Sodus Bay & Southern Railroad
Company, amounting to $500,000, at a cost of |100,000 in cash.
In addition thereto it paid to the owner of said stock $35,000,
receiving therefor his individual obligation to pay off and discharge all debts and incumbrances of every kind that might
exist against the said road in excess of the first mortgage
bonds, amounting to $500,000, bearing five per cent interest,
and maturmg July 1, 1924. It was further stipulated in the
contract of purchase that the road should be put in a condition equal to the Elmira & Canandaigua Division of your line,
at a cost estimated at about $150,000. A considerable portion
of this expenditure has already been made, and the sum so
expended, together with that necessary to meet the interest
maturing January 1st on the bonds referred to, making an
aggregate of $81,492, has been charged to your profit and loss
account. This road is 34 miles long, extending from Stanley
a point on your Elmira & Canandaigua Division, 12 miles south
of Canandaigua, to Sodus Point on Great Sodus Bay, and
thus
providing an outlet on Lake Ontario."
The comparative statistics for four years have been compiled for the
Chronicle
Miles owiie<l
Miles leased & cont'd'
as follows:
Total operated,.,
*
1883.
1884.
148
175
148
175
146
176
322
322
Uses also 40 miles of Philadelphia
& Erie
Haint«uance of ears
Trausport'ii exp'ns..
Miscellaneous
323
323
road.
Total
Net earnings..
5,800,175
6,088,130
5,521,876
S
785,446
$
826,014
l,13i>,225
1,116,401
632,«01
1,2IH.797
69,994
472.060
36!).56(i
1,183,150
60,405
1,354,063
63,007
1,3-22.456
3,787,446
1,656,254
3,842,3i3
1,957,852
3,931,605
2,256,525
3.46-',394
777,270
706,319
1.011,434
58.619
2,053,482
ISCOME ACCOUNT.
1851.
Reetiptt—
Net earnings
Interest
Other
it
dlTWds..
rtceijits
Total Income
S
1,656,2.54
1882.
fit
;
make
the settlement with Nesquehoning Valley, &c., a genmortgage was authorized in 1884. Of this, President
Harris remarks
"In 1871 the managers had decided to limit the bonded
eral
;
indebtedness of the company to $15,000,000, J^nd the conso]^.
dated raortgaae loan was fixed at that amount, including all
prior liens. - When, in 1873, the cofiipany's lands in Wyoming
Valley, which were a part of the security for that loan, were
sold, the amount of the loan was decreased by $2,064,000, an4
the limit of the company's bonded indebtedness was thus reduced to $12,936,000. Since that time there has been expended
on new railroad.s and for double-tracking the main line of railroad, $2,332,787, coal lands to the extent of 1,4:^0 acres have
been purchased, at a cost of $1,144,000, not including the purchases of the last three years, and $390,774 has been expended
in developing the coal property from a capacity of 500,000 tons
to a capacity of 1,000,000 tons.
Omitting the purchases of
coal lands made since 1874, which lands are not covered by the
general mortgage, and deducting the incumbrances remaining
on the 1,430 acres above mentioned, there has been spent on
the property in the last twelve years $1,114,561, during which
period the income increased from $1,412,000 to $2,016,000.
" These conditions seemed an ample justification for replacing the limit of the bonded debt at the original amount of $15,000,000, which was done
a general mortgage was executed,
and $1,000,000 bonds, bearing interest at the rate of 4^ per
cent, were issued and sold. This furnished means to buy up
the unextended portions of the 1884 loan, and of the Nesquehoning Valley Railroad Company's stock, to pay off the last
instalment of the Delaware Division scrip, amounting to $113,639, and to reduce the floating debt about $216,000.
It was a
most fortunate circumstance that all the negotiations necessary to place our indebtedness on so favorable a footing were
completed before the occurrence of the financial disasters of
;
.
1883.
lit
last year.
shall have no more loans maturing for several
years, the first one being the Greenwood mortgage in 1892."
majority of the stock of the Alliance Coal Mining Com-
A
pany has been purchased.
The report says "This was done
exchange of our stock for theirs, $650,400 of
:
largely by the
OI'EKATIONS AND FISCAI, RESULTS.
Ojieratiotu—
1881.
1882.
1883.
1884.
Passengers carried..
2,430,162
2,590.582
2,848,547
3,131.747
Pasadiigerniilfage... 34,370,948 36,727,734 38,003,861 39,009,765
Rate ^liass.^ mile.. 2-352 cts.
2-412ct-i.
2453 cts.
2-3<)l cts.
IreiKlit (toiisMuoved 10,527,706 11,0.57,355 ll,:i94.730 10,774,129
Freight (tons) mirRe. 506.180,310 502,363,778 521,889,324 506,975,576
Av. rate ^ ton ^ imlc
0-809 cts.
0-897 cts.
0-910 cts.
825 ots.
EarMnijii»
$
$
$
las^en^er
803,5.54
885,789
932,390
932,848
{/".'Kl't
4,396,187
4,507,093
4,749,929
4,181.441
Mail.e.'cp. Aiiiiscel ..
238,959
407,238
405,811
407,537
Tot. gro-8 oarn'gs.
5,443,700
Optratina ejrpetues—
Maint'nce of way.&e.
718,532
Motive power
1,018,088
and general
We
ROAD AND EQUIPMENT.
H8I.
1882.
146
176
interest, taxes
exjienses decreasefl $90,266. From the balance remaining after
deducting these ch.arges from the total revenue, $1.50,743 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 $.5,381,810 matured April 1, 1884.
Holders of $5,000,000 of this loan accepted the privilege of extension to July 1, 1914, with interest at the reduce<l rate of
four and one-half per cent, and the holders of the remainder,
$38',841, were paid at the maturity of the loan.
For the purijose of raising funds to pay off floating debt, to
preceding year, being an increase of 230,000 tons in the actual
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 1884
10,040,547 bushels of grain; in 1883, 13,602,318 bushels; a
decrease of 3,.')01,771 bushels.
The passenger business for the year shows an increased
movement, there being a gain in mileage, but the revenun
received therefrom improved only |457.
There was a net
profit per jmssenger per mile of 3 88-100 mills, as compared
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 decreased 9 30-100 per cent, and
that the expenses were decreased 9 49-100 per cent, making a
decrease in net earnings of §203,043. In tlie operating expenses, there are included expenditures amounting to $376,187 on
account of additional facilities, such as tracks, sidings, &c.,
at Baltimore, Canton, and various points upon the line. The
condition of the road bed and equipment has been fully main-
f
1884.
ift
151,570
109,630
1,957,852
203,156
80,812
2.256,525
241,914
4,939
2,053.482
256,362
7*467
1,917,454
2,241,^20
2,503,368
2,317,311
Lehigh Navigation stock being given for $975,600 of Alliance
stock.
By this purchase we became possessed of about sixtytwo per cent of the total share capital of the Alliance Coal
Mining Company, which owns an unincumbered estate of
4,097 acres in the same valley in which lie our Lehigh lands.
The property, estimating our stock at its par value, cost us at
the nite of $275 per acre for the lands, exclusive of improvements, which is a little more than we paid for our Kentucky
Bank lands in 1883. The Alliance lands produced in 1884
118,423 tons of coal, and have now a productive capacity of
»
about 30,000 tons per month." *
"Our relations with the Philadelphia & Reading Railroad
Company, operating our railroads by virtue of the agreement
of May 29, 1883, h.ave been entirely satisfactory. The payments of rental have always been promptly made, and every
disposition has been shown by the lessee to carry out those
portions of the agreement which require them to develop the
business of our railroads."
Comparative statistics for three years are as follows:
RMtlvti
From
iaili-oa<<8
Lehigh Canal
1882.
1883
1884
and Nesqne. Tunnel. $l,445,r!»0 $1,614,695$1,453,200
''
Water Powers Lchlch Canal
Delaware Division Canal
Net profit on lx;hiKl! Coal
Koyalty on coal mined by lessees
Revenue from rents
Mlscellflneous receipts
Total Mcelpts
...
55,699
21.065
47,586
325,666
7,200
31,973
4,824
65,552
20,*S1
57,745
386,351
3,642
163
12.157
.33,
77,444
20.525
.'•S.OSl
370.101
4.441
36..^31
22,353
$1,939,212 *-i,194,48a $2,048,551
—
.
:
THE CHRONICLK
210
DisbursetnenU—
General and legal expenses
Bent and taxes Nesquelionlng Val.RR
Kent and taxes Delaware Dlv. Canal.
tj*li2e8
Interest acooimt
Total disbursements
.
Balance of earnings
„i§^J5;„
*62,892
SJ.OoO
102,356
74,648
942,973
1983.
1884.
$63,064
97,050
81,438
71,916
934,377
$58,460
97,050
69,921
80,078
854,069
$92,082
97,157
$80,717
76,026
Balance to credit of div'd fund Jan. 1
$149,180
$510,113
471,445
$189,239
$755,405
535.457
$156,743
$732,230
665,931
Total
Dividends.
Kate of dividend
$981,558 $1,290,862 $1,398,164
"^446,101
718.228
624,928
b
i^
4
Balancetocreditofdid'dfandDeo.31
$535,457
Total.
Surplus for year
and expenses for
1885.
1884.
Working expenses
$423,764
339,058
$274.H45
401,915
Net result
$84,705
def.$127,270
Central Iowa.— The Boston Herald says " The steel superstructure and abutments for the Central Iowa bridge across
the Mississippi River at Keithsburg are to cost 1390,000, payable in cash, or 6 per cent bridge bonds at -15, guaranteed by
the Central Iowa Railroad Company, and secured by rental and
sinking fund. There has already been expended upon the approaches to the bridge $80,000. The limit of the bridge bonds
IS $600,000, but the issue will probably not exceed $500,000.
:
___^
$665,934
month
Gross earnings
$1,279,919 S 51,249,845 5 51,159,578
$659,293 $944,644 $888,973
$70,612
78,568
liesssink'gfdof lOp.c.p. tononcoal.
1,688 deprec'n on coal, Impr'v'm'ts, &c.
—
Pacific. Statement of earninga
of January, 1885 and 1884:
Canadian
the
[Vol. XL.
The stock in the bridge company goes to the Central Iowa Railway Company. Under the terms of the charter granted by
Congress in May, 1882, any railroad company has the right to
$679,936
with the bridge."
The gross receipts of the company's railroads, and the total connect
In Boston, February 18, the following quotations were made
tonnage on the Lehigh & Susquehanna RR. and the Lehigh
1st pref.,
for the preferred stocks of this company, viz.
Canal, during 1884, as compared with 1883 and 1882, were as
28 'oid; 3d pref., 13 bid, which are much better quotations than
follows:
„
1884. bids recently quoted in the Chronicle in the absence of any
1883.
1882.
$183,695 $224,777 $211,667 sales or "asked " prices. On February 30 one lot of 100 shares
Passengers and maUs
68i.55.5
682,565
646,887
FreiKht and express
of the common stock sold in New York at 10.
3,464,480 3,868,443 3,239,907
:.
Coai:
At CincinCincinnati New Orleans & Texas Pacific.
:
,
—
$4,295,062 $4,775,785 $4,137,129
&Nav. Co.'s proportion. $1,431,687 $1,591,928 $1,379,013
35,357
Balance to make up rental
annual meeting of the stockholders of
the Cmcinnati New Orleans & Texas Pacific Railway Co.,
the following were elected directors Frank S. Bond, Thomas
$1,431,687 $1,591,928 $1,414 400 T. Gaff, W. A. Goodman, Alexander McDonald, Isaac P.
4,665,851 5,152,218 4,822,391 Martin, Otto Plock, Charles Schifl, Briggs Swift and Augustus
Total
Lehigb Coal
Coal tonnage.
nati, O., Feb. 16. at the
:
Owing
Wessel.
to the failure of the city to provide proper
Schuylkill Narigation Company.
terminal facilities in Cincinnati, the following resolution was
adopted
{Fo7- the year ending December 31, 1884.)
Resolved, That the board of directors 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:
of our road and surrender the railroad to the lessor upon the
The balance to the credit of the general income account Jan.
$86,925 ground of the entire failure of the lessor to perform its coven1,1881, was
ant and obligations thereunder, whereby it is rendered imposIncome for the year 1894—
:
Rent payable by the Philadelphia & Reading ER. Co
sible for the lessee to successfully
635,776
531
EilSPO? 9f curreut interest account
The newly elected directors organized by electing the followPresident, Frank S. Bond Vice-President, Chas.
Schiff General Manager, John Scott General Counsel, E.
M. Johnson Assistant General Counsel, George M. Hoadly,
$723,233
Charges for the year 1884—
Interest on loans, bonds, &c
Dividends on stocks
State tax on dividends tor the year 1883
ing officers
$51,354
50,827
:
;
;
;
:
5,082
5,250
2,500
Secretary and Treasurer, H. H. Tatum Executive Committee, F. S. Bond, Otto Plock, Charles Schiff, Alexander Mc-
Jr.
Salaries of ofbcers
Counsel fees for recovery of taxes paid to State....
1,498— $582,512
Office rent and other expanses
Balance to credit of general income acc't Jan. 1, 1883...
140,721
;
;
Donald, Isaac Martin.
Chicago Burlington
inc. acc't, as above
in acc't in year 18 76 of
Balance to credit of general
.
and profitably operate the
road.
$723,233
$140,721
900- $141,621
&
Qnincy.
—The company
makes the
following statement for December and the year ending Dec.
Add error discovered
The report of Mr. Frederick Fraley, the President, says: " In
Feb., 1884, a dividend was 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, 1883 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 i)er cent per annum; but the extent to which this offer has
———
December.
1883.
$2,170,918
999,128
,
Gross earnings
Expenses
1884.
$2,060,3.57
1,012,339
Net earnings... $1,048,018
$1,171,790
Year.
,
1884.
31
.
1883
$25,183,671
13,068.568
$26,110,369
12,780.630
115,103
*13,329,739
$1'.',
Cleveland & Marietta.— On application of the bondholders
and other creditors, the Court of Common Pleas of Wssliinglon
County, O., has appointed a receiver for this road. The road
extends from Marietta, O., to Cmal Dover, 99 miles, and by
the last statement it had $1,000,000 first mortgage bonds and a
It was formerly known as the
Marietta Pittsburg & Cleveland, and was sold under foreclosure 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
floating debt of $300,000.
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 same officers. Railroad Gazette.
be given on the rental account.
Dnhnqne & Sionx City. The lease of this road to the Illi" In July last application was made to the receivers to nois Central will expire in 1887. The rental price now is 36
supply money for the payment of the dividends on the pre- per cent of earnings. The Central considers this rental too
ferred and common stock, but they declined to do so upon the high, and recently offered instead to guarantee 4 per cent on
^ound ISiat the full rental was not earned. When this posi- Dubuque & Sioux City stock, on which it would pay the taxes.
tion was taken by the receivera a petition was prepared and It is not known whether this offer remains open, but it is
presented to the Circuit Court of the United States, asking it presumed that it does.
to direct the receivers to pay the rent as it fell due." The
Fort Worth & Denver City.— Work on the grading of the
matter is before the Court and will be pressed to a decision as
extension of this road is progressing well, and it is thought
rapidly as possible.
that the whole line will be ready for the rails about the middle of April. The extension will run from the present terminus at Wichita Falls, Tex., through Wilberger into Hardeman County, about 40 miles. The terminus, which is not yet
definitely located, will be called Harrold; and at that point
Atchison Topeka & Santa Fe.— The Boston Herald says
extensive stock yards will be built.
" The December statement will be on from the West in about
Hannibal & St. Joseph.— The 8 per cent bonds of this
ten days. The January gross earnings were about $50,000
less than in 1884.
February figures are about the same as last company, dated March 1, 1870, are due March 1, 1885, and they
year—a triile less if anything. The company is extending the will be paid at maturity at the office of the Chicago Burlington
Southern Kansas system from Harper to Medicine Lodge, and & Quincy Railroad Company, No. 49 Sears Building, Boston,
will by and by build as far as Wolf Creek in the Indian terri- Mass.
Houston & Texas Central. A press dispatch from Galtory. In good time, also, the right to build across the terri" Two bills in equity have beea
tory to Dennison will be availed of. The company is now at veston, Texas, Feb. 14, said
work upon the California Southern extension to the Atlantic 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
Division. The suits are separate on each mortgage.
Company have paid off the operators up to Feb. 1 in full Austin
bills allege default of the company in payment of the
and are making very satisfactory progress in straightening The
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,
13,000,000 of bonds, and are arranging to redeem and cancel
that the company has made sales of a large quantity of the
12,000,000 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.
Commercial Telegram stock, worth $200,000.
The object of the suits is to compel the company to make good
—
GENERAL INVESTMENT NEWS.
:
—
:
'
;
—
FSBhUABT
THE CHRONICLE
SI. 1880. J
the sinkinK funds for each of these flrst mortgage bonda, and
to rpstriiin any diversion of tlie funds from the payment of
t)io same annually, and to roach the proceeds of the lands
which have been roIiI."
—Mr. A. Foster Hi);)<iug, Tice*liairman of the committee of
first mortfcaxe bondliolilers, said to a reporter of the New York
Times "We do not know anything about an a)>pIication for
a receiver. Such a tiling is not contemplated by our comMr. .John S, Barnes, our
mittee, for the present at any rate.
chairman, liiis jjone to Texas to ins[)ect the property and ascertain the condition of the lands owned by the railroad company. Until his report is received the committee will take
no action whatever. Trustees Eaton and Rintoul have sued
the company for an lu'countinK in relation to the .sinking
fund, and they would certainly have nothinK to gain by applying for a receivership."
Mr. C. P. Huntington said: " I know nothing about an itumodiate application for a receiver, and am of the opinion tliat there
Should it bei?ome neces-aiy
is nothing in the current reports.
to protect the property, an application for a receiver may lie
made by some of the larger bondholders and myself. In such
a CH.'se .all of the dilTereut interests will be protected."
NashTille Chattanooga & St. Lonis.— The gross and net
earmngs for January and for the seven months since July
1, in 1884 .ind 1888, have been as follows
Janvarij.
-—7m July\loJttn,^l.-^
:
.
—.V,
aro«a
Operstlng
Notearnlntca
1884-5.
18rt4.
dt
Northern.-,
1883.
exiKiiiiAa...
Net cnmingH
Roeh.
.
^0,761
$H3,703
81.437
$9,587
9i,ioo
$100,311
4
fHttB.-—,
•35,ivea
iDCoiuc, other smiroei.
Totil net rf ceipts..
mt—
Iteducll
Inlonuton bonds...
.
All taxes.
Kentnlx
MUoollitueons
Total deductions
Bulanoe, doUcit...
«9,^37
«2,'00
$109,314
l>ss,5eo
$'J0,075
$60,075
$86,400
$'.33,657
2,900
7,502
2,960
15,(191
12,847
7,»I12
27.600
34,463
$70,627
$65,090
$70,647
$68,381
$164,454
Del. Laek.
.
<t
Wttl.
Gross
—
$1,375,001
Oporiillngexiipn^ps...
686.507
»1,.'509,276
Not earnings
$6,88.494
Income, other sources.
$670 326
$698 491
Total net receipts.
-^
ManhalUtn.
18»4.
1883.
$1,790,842 $1,743,820
903,580
995,001
.
1883.
cariiliigi
$140,904
$00,038
$."5,140
Leased Linea.
1884.
nuelfiU-
S3jn50
$347,282
19,V80
$748,738
21.875
$67P,326
$886,542
$770,113
$
77.388
S00.481
453,887
$352,033
25.233
5,000
$341, 330
24.061
5,000
$')77.S70
$530,342
$110,624
$14.1,784
$i32,270
$181,^66
$370,300
$303,813
Interest on bouU;!
All taxes
Rentals
Mlscellano 'US
1883-1.
?181,986
100,098
$186,092
12
7t>4.»U0
761,(i27
$78,8'?8
$74,730
54,998
$6r3,.')27
$'i5:,270
399,741
386,824
112,2
56,809
Interest aiuUttxej
Surplus
r. Oily
1884.
$86,!tli3
0!inilni{ii
.
1885.
OroNcaniings
241
Bteelitli—
:
OperatiUK oxpenses
—
.
$22,079
$19,732
Tot.U deductions..
Balance, surplus..
$1,998,197 $1,113,097
$203,786
^Bos. Hoot. Tim.
Rtcelpt—
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 payment of interest, as it had never earned enough to pay the
coupons. The funded debt consists of $750,000 nrst mortgage
6 per cent bonds and $250,000 second mortgage income boncb.
-li. R. Gazette.
1884.
$1,034,208
410,520
403,675
1883.
$1,03S,656
400,064
384,760
Bonded interest charges
This company is funding one-half of one coupon only, that
due in January, and paying the other half in cash. The
coupons are 6tam|)ed " one-half paid " and deposited with the
Park Bank to be held as security for the amount unpaid in
case of any embarrassment hereafter, and 6 percent scrip payable in 1895, or earlier, at the option of the company, is issued
for the half coupon unpaid.
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
feneral mortgage of 1874, maturing in forty years from April
, 1885, bearing interest at 4J^ 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 property of the Ohio Central Coal Co. consisting of 12,000 acres of
land, was sold by order of the United .States Court. The purchase was made by the first mortgage Kudholders in New
York City. The price paid was $300,000. The tract of about
8,000 acres covered by what is known as " Main Lme Coal ''
mortgage, securing $1,000,000 issueof bonds was bid in by Mr.
H. L. Terrell, as tnistt- e, for $300,000. 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,
Sur. 9,697
Total net reccipts.Def $1 0,1 11
Sur. $9,697
DeduclioHS -
lotereat on bouds
All tixes
$2i,000
4,400
$
.
Boiiton
Albany.—~%
<*
1884.
$2,015,259
1883.
1.2^6. 22il
$2,142,152
1,452,376
$729,039
«tJ89,276
$729,039
$689,276
$666,041
$634,817
$62,998
$>4,459
)
3,000-
Ri>nlaU
Miscellaneous
)
$:9,400
$3,000
Def.$39,511 8ur.$6,097
Total deductions..
Balance
-— y.
r. L. E.
1834.
Iteceiplt—
Gross earnings
Operating expenses
$5,141,580
3,-93,56.5
Net eBrnings
*
West.—.
1883.
$«,415,696
4,317.391
$1,548,015 $1,898,305
308,017
188,127
Income, other SLurces
Total net receipts
$1,856,062
$2,086,432
$l,l.il,372
106.'>47
*466,26i»
$1,151,348
$1,721,183
$1,912,151
$144,281
Deilvclions—
Interest on bonds
All taxes
Rentals
Misoellaneous
Total deduct ions
Balance, surplus
—
—
f.lO.m
Net earnings .....D;
Income, other sources.
—
S. Y. Sn.oqnehanna & Western. An approximate statefor 1884 makes the following exhibit:
ment
Gross earnings
Net earnings
$:01.'93
91,995
$265,446
Nevada Central.— On apphcation of the bondholders a receiver has been appointed for this road.
It extends from Bat-
tt IT.-,
1R83.
1884.
$132,420
l!2.o3J
Gross earnings
Operntlug expenses...
$131,874
* Includes guaranteed luterest. interest on
gages, Pavonia terries, horse railroals, &c.
149,98^
*639,389~
1,432
equipment loans and mort-
—
Texas Land & Mortgagre Co. The directors of the Texas
Land & Mortgage Co. have recommended the payment of a
dividend of 10
[>er
cent for the year ending Dec. 31, 1884.
—
Pacific. It m.ay not be generally known that the
so-called Texas
Pacific land grant acted upon in Congress is.
a matter of no intt>rest whatever to the present Texas &.
Pacific Company.
It is the old grant northward of El Paso
wi-.ich is claimed by the Southern Pacific as assignee of the
rights of the Texas
Pacific, and as the actual builder of the
railroad through that country.
Texas
&
&
&
,
&
—
The Quigley bondholders' comper order of the court, that bondholders
wishing to participate in the benefits accruing from the purchase 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
Toledo
Ciii.
St. Loni'',
miitee gives notice,
8
Beaver Street,
its
New
York.
Louis & Paclflc.—The New York fleraW has
the following by cable from London
Philadelphia & Reading. In reg.ard to the Master's report
Sir I am desired to ask you to publish, for the information
recommending that the receivers be allowed to make pay- in general of the mortgage bondholders of the Wabash St.
ments on various accounts. Judge Butler said that he wished Louis & P.acific Railway Company, that after long and tedious
it distinctly understood that the Court would stand by the
negotiations the committee have by cable come to this arrangeorder it h.ad made, and would require the receivers to satisfy ment with the parties on the American side, which the comthe Court as to all payments except those for opei-ating ex- mittee recommend for the aoceptance of the bondholders
penses.
He said that by reason of the fact that near relatives
First— In the proposed reorganization the new eeneral mortgage
of his are owners of Reading bonds he did not feel at liljerty to bomls, lluiitea to the amount of the existing bonds ($17,000,000), snail
be
issued in exchange for the present bonds, bearing, however, 5perceDt
hear argument on the exceptions. A letter was sent to Judge interest
instead of 6, auddependlngon theincome tor the tlrst Ave years.
Kmnan, asking him when it would be convenient for him to
Seconil—VoTCclo-^nre rights are to be suspended for this period and will
not 1)0 exercised for two years after.
hear the argument.
Til ir</— The general mortgage bondholders shall have a fair and proper
Judge Butler, however, permitted the receivers to make payrepresentation on the lionid during the income of ihe period.
ments under the car trust loan, now due.
The payments due
Fourl/i-The collateial trust bonds and the floating ilel)t shall t)eoxtinare $54,01.0 as semi-annual interest at 3 percent on $1,800,000, guish.-d out of the proposed assessment on the stockholders and by the
the sum of $200,000 being the annual instalment of principal new tlrstpreference stooii to rank after the general mortgage.
shara
due under the terms of the loan, and $30,000 as compensation ouJ'i///i— That tho assessment on the stocltiuiiders sliall be $.8 per reprepreferred ami $B on the common shares, such assessment to oe
to the Union Trust Company, trustee.
These pavments were sented by the new flrst preference stock. The committee, considerlnjf
the foregoing to Be the basis of an arrangement to the interested tjonomade.
holders, accept and recommend it, and have asked Mr. Joy to come over
Railroad.s in New York State (Quarterly Reports).— The fol- and attend the meeting of the bondholders at which it wlU bo submitted
lowing aostract, showing the operations for the quarter ending for approval.
Dec. SI, in 1884 and 1883, has been specially compiletl for the
Your obedient servant,
Willi.^^m Chambkelain,
Chronicle from returns made to the Railroad Commissioner?,
Secretary of tho Committee.
—
Wabash
St.
:
:
:
—
—
.
..
I
THE CHRONICLK
242
[Vol. XL.
COTTON.
^bjc (fLommtvyml gimes.
Friday, P. M., February 20, 1885.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (Feb. 30), the total receipts have reached 54,834
bales, against 68,621 bales last week, 89,785 bales the previouB
The Movement of the Ckop,
COMMERCIAL EPITOME.
Friday Night, February 20, 1885.
The weather has 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, 4,839,722 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,
moving
Hon.
will
be
Receipts at—
Sat.
Tues.
Wed. Thure,
lYi.
trains
TotaC.
all
days
few
with the prospect that in a
as usual. At the South planting operations have been delayed
by the cold and storms. Foreign commerce has been made
difficult and subjected to increased expense by the accumulation of ice in this and other Northern harbors. Washington
advices indicate that strong efforts will be made to limit silver
coinage, with a fair prospect of success.
Lard futures were active and buoyant during the first half
of the week, but on Thursday declined a few points under a
free selling to realize profits, and closed this afternoon at 7'31o.
for March, 7-36c. for April, 7-45c. for May and 7'53c. for June.
Spot lard has been scarce, owing to non-arrival of shipments
from the West, and has brought extreme prices, closing at 7'15
@7-20c. for prime city, 7-85@7-40c. for prime Western, and 7-60
@7*65c. for refined for the Continent. Pork has been slightly
firmer, although the demand is moderate, closing at |14 25 for
mess and $15 50@|16 for clear. Pickled cutmeats have con-
tinued active and close dearer, but rather quiet, at 6J^@7c. for
The
bellies, 5}^@5J^c. for shoulders and Q}4@Q%c. for hams.
Cincinnati Price Current reports 4,973,200 swine slaughtered
at the principal points thus far this season, against 3,938,500
at the
beef
same points
hams are
pontiuued
season for the same period. Beef and
Tallow is firmer at 6 5-16c. Butter has
last
firm.
dull,
but choice grades are scarce, and State cream-
ery is still quoted at 2S@36c, Cheese is unsettled; quoted at
9@l3c. for State factory, The following is a comparative
summary of aggregate exports from October 27 to February 14:
Indianola, &c.
New Orleans...
is
good
refining,
and
refined
dull at 6Xc. for crushed. Molasses has been much more
and closes firmer, several cargoes of the new crop
active
Cuba having been sold for arrival at 21@31J^c. for 50-degrees
Teas have had a fairly active speculative movement,
test.
and with sales to-day at 233^c. for March and 24>|o. for April
for standard Japans.
Kentucky tobacco has been quiet at unchanged prices. Seedleaf tobacco has moved much less freely, and the sales for the
week aggregate onlv 1,050 cases, as follows: 550 cases 1883
crop, Pennsylvania, 9@13c., 100 cases 1881 crop, do., private
terms; 200 cases 1883 crop, Wisconsin Havana, 9@15c. 50 cases
1888 crop. New England, 15@35c. and 150 cases sundries, 5(3 28c.
Also 350 bales Havana, 80c. @$1 15, and 175 do. Sumatra,
;
209
---.
594
70
4,003
..-.
4,173
6,437
1,073
4,760
503
569
3,077
3.786
22,741
3,151
1,181
416
1,513
734
....
....
144
983
Cbarleston
Pt. Eoyal, &o.
634
Wilmington
Moreb'd C.,<fco
138
....
....
Norfolk
851
1,662
....
,--.
205
171
487
325
198
9,184 13,415
New York
Boston
Baltimore
Philadelp'a, &c.
week
Totals this
936
663
1,057
1,407
14
54
159
1,380
647
899
70
884
840
834
32
635
87
152
20
582
....
....
,--
WestPolnt,<fcc
....
810
5,065
32
6,020
87
661
20
6,021
1,560
1,560
526
554
346
234
174
....
....
41
....
.*•
59
8,523
5.490
....
....
993
106
307
20
2,110
7.183 10,529
54,324
307
643
For comparison, we give the following table showing the week's
and the stock to-night,
total receipts, the total since Sept. 1, 1884,
and the same items for the corresponding periods of
1884-85.
Receipts to
mis
Feb uary 20
1,
.
Pt.Royal,&c
Wilmington..
M'headCAc
W.Fomt,>fec.
New
York...
Boston
Baltimore
. .
Phlladel'a,&c
Total
This
Week.
Since Sep.
1,
last year.
Btotk.
1883.
22,741 1,367,431
3,151 219,742
840
68,590
5,065 679,438
32
9,677
6,020 491,066
87
5,954
661
91,432
20
9,493
6.021
511,587
1,560 261,938
993
49,291
2,110
73,608
307
17,621
643
32,181
4,583 534,989
19
8.196
18,738 1,363,371
1,977
232,347
1,146
35,492
7,260 614,351
7,461
4,717 386,452
276
12,839
936
87,121
130
11,277
7,512 532,352
137,951
4,027
89,701
2,587
128,239
7,613
2,516
17,417
938
14,146
54,324 4,339.722
65,01314,263,731
70
Florida
1834.
438,394
10,226
4,003
MobUe
1883-84.
.
Since Sep.
Week.
Halves ton ...
Ind'nola,&o
New Orleans.
Norfolk
for fair to
799
....
Savannah
Bnmaw'k, &c.
of Eio were quoted J^c. lower, at 9%c., while options further
declined, closing with sellers at 7'70c. for March, 7'85c. for
April, 8c. for May, S'lOo. for June and 8-20c. for July. Mild
coffees have also been more freely offered. Raw sugars have
been dull, and prices have undergone two declines of 110c.
4/^® 5c.
622
....
....
Br'sw'k,&c
Charleston .
each, closing at
720
.--.
Florida
Inc. 1,046,800
15,577,?00
Inc. 22,293,666
150,829,290
173,122,956
76,040,610
Inc. 23,292.745
....99,333,355
Brazil coffees have been offered more freely to the trade, leading to more business, but drooping prices, and to-day fair cargoes
WoTk, lbs
Bacon, lbs
Ijard, lbs
1,059
625
Mobile
Savannah
1883-4.
1884-5.
lC,6t;i,000
Galveston
1885.
29,938
1834.
290,167
31,732
9
40,525
48,890
12
315,778
34,797
1,500
66,945
30,630
52,905
11
2,357
7,587
30,892
165
333,076
6,310
IS.iOO
13,743
830,053
28,296
338,569
7,460
17,205
9,768
959.713
In order t lat comparison rnay be made with other years,
give below t he totals at leadjng ports for six seasons.
Receipts
at—
1883.
Galvest'n,&o.
New Orleans.
22,74
Mobile
3,15
5,06
Savannah
(Jharl'st'n,
1884.
4,07C(
&o
L
>
6,10-1
Wilm'pfn,&c
68
Norfolk, &c..
All others
7,53
1
4,92.)
1833.
4,602
18,733
1,977
7,28C
4,99S
1882.
1831.
we
1880.
l,06t
11,53C
14,835
15,847
37,145
8,053
15,570
15,409
3,429
26,083
12,910
4,447
16,341
3,403
6,942
6,336
1,563
10,742
10,381
17,664
46,950
10,578
15,503
12,064
2,141
19,366
14,091
9,812
45,186
4,831
12,550
6,754
1,107
11,658
11,007
65,0i:
134,448
60,160
138,359
102,995
,
54,32
Tot. this w'k.
I
$130@$160.
Since Sept. 1. 4339.72 I 4263,731 14766,393 4006,508 4535. 16S 4201,820
The speculation in crude certiflcates has been more active,
Galveston Includes Indianola Charleston Includes Port Royal, &o.
and on Thursday there was some advance in prices, owing to Wilmlngtonlncludes Morehead City, &c.; Norfolk includes West Poiut,&ca demand to cover contracts. To-day there was a further imThe exports for the week ending this evening reach a total
provement, and the close was at 15%® 76c. Crude in barrels of 60,041 bales, of which 43,670 were to Great Britain, 170
7i^@
quoted at 6Jg@ 7c. refined in barrels for export,
7%c. to France and 17,201 to the rest of the Continent, while the
and in cases H}i@10%o-; naphtha, 7i^c. Spirits turpentine stocks as made up tliis evening are now 830,055 bales. Below
has been much more active for the speculative account, and are the exports for the week and since September 1, 1884.
•
;
;
prices have improved. To-day there were sales of 500 bbls. at
Week Ending Feb. 80.
From Sept. 1, 1884, to Feb. 30, 188S
31>^c. for March and April, 30'4c. for May, 313^c. for October
Exported to—
Exported to—
and 39^40. for all the year. Rosins remain dull at |1 33i^(a
Conli- Total
Great
ContlGreat
f 1 35 for strained. Oils have been doing better. Hops are
from—
^atue
ToUa.
,j„,t.
Brlt'H.]^""" nent. Week. Brltatn.
firm. Wool is rather easier.
Metals have been without feature of special interest. At to- OalTeston
7,470
57,113 308,177
2,1*8
285
2,163
143, 505
552, 38! 336,283
258,Ui 1,016,814
5,149 25,860
day's Exchange iron was dull at |163£@$17. Tin was quiet New Orleans. l«.71l|
6,011
700
37,,179
S7,87B
6,044:
and easier at 17-20@17-40c. for spot, futures 17-20@17-35c. Mobile
8,,583
8,585
Tin plate was steadier at $4 35@$4 45. Copper was dull at Florida
2,910
,881
11,699
171,
191.605
375,258
ll-05(gll}^c. Lead was nominal; domestic 3-60^ 8'75o., for- Savannah
312
0,390
148,
22,259
113,261
313,862
2,130
Charleston'..
eign 4-30@4-55c. Spelter was dull; 4'90c. asked for foreign.
14.010
49, 197
63,587
Ocean freights have been dull, owing to the scarcity of Wilmington..
287, 030
25,670 319,065
6,375
grain for prompt shipment, and rates have declined. Engage- Norfolkt
114,593 418.510
3,597 12,148 274:,820 29,097
8.381
York
ments were made to-day for grain at IJj^d, to Liverpool and New
413
1,58!)
83,044
83,,526
1,589
Boston
2^^d. to London. Important shipments for the week include Baltimore
34,183 139,334
3,050
2,857j 102,,099
2,857
large quantities of oats to London and rye to Antwerp. Pet- Philadelp'a.&c
4,78'
41 ,200
45.987
roleum charters have latterly been more active, but at lower
170 17,'iOl 60,OU 1,805,114 316.233 811,605 3,055,952
4W170
Total
rates, including bbls. to London Is. lld.@23.; same rates to
g,RflS.160
Total 1883.84 73,114 14.7H4' 13.438 101,310 1,8:0,200 872.698
Antwerp; also grain vessels from Baltimore to Cork for
' Includes exports from Port Rof al,
orders 3s. 9d.@4s,
Point,
from
West
&0.
t Inoludesexports
I
I
—
. .
I
.
Fbbrcary
31,
THE CHRONICLE.
1886.J
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared,
at the ports named. Wo mid Hiiuilur flguroH for New York,
which are preuarcd for our B()ocial use by Motwra. Carey, Yale
ft Lambert. 89 Broad Street.
0» Shipboard,
FKB. 10,
MewOrloaiia...
Hobllo
Cbarleaton
Savannah
Oiklvofltoii
Norfolk
New
York
Otlier ports
Total 1835.
Total 1S84
Total 1883
In the statement will be found th«
daily murlict. thci pric<>H of Hales for each mr-inth cjuih day, and
the cluHing bids, in addition to the daily and total Halos,
fill ills sllJ
1,013
2,500
1,200
243.584
20.032
18.630
None.
40.5S3
5,700
12,000
0.800
7,915
l.VSiO
6,400
5,700
7,679
106,944
723,111
7.068
12.354
141.674
213.423
SI 8.030
733,614
7,240
None.
None.
None.
None.
None.
None.
None,
17,914
None.
5,000
1,800
3,080
None.
2,400
1,166
None.
None.
700
61,131
7,240
30,894
7,634 1;2,987
19.174 191.215
1,200
1
I
p,E..-
.
8i
~
33.72.^
22,023
15,046
32S.676
35.395
t
M
M
o
*
s
P.&t
•
^; »
day
in
MM 5
p^
o
5
h-M
Ht->
^
MM3JM l-MoM
increase in activity over the previous week, and
which dealings made any approach to
!i
5
2
«o.
day there was an irregular
decline, but
On Mon
day for
months.
bales.
1,3.54
I
o
2
03U»M^
I
9.-;
s
§
o
8m:
MMtoM
I
lUcnOiU
9
0»CJ»
^
M«l
OilO
^
:*"
0-.
CO
total sales for
11 ?
o>m
2
I
Ordln'y ^rb
Strict oril..
Good Onl..
Onl
liow Midd-f,'
Str.L'wiMid
MiddliiiK-.
Good Mid
.
O'd Mid
Midd'g Fair
8tr.
Fair
Sat.
93,6
938
9%
9»8
9=8
9%
103,6 110318 103,8 107,8 107,8
109ie |loe,« 109,8 1013,„ 1013,6
10'8
Ills
lO's
lO's
lUls 111 he 111,8 116,8 11J,6
H3l« jllSiB 113,8 ll^ia 117,6
1138
11% 11% 11=8 11»8
U»,e 1119,8 119.9 lU-'lfl ll'3ie
1116,8 lll» lelll'^is 123,, 123,8
120 If. 12"
1129 i« 1213,,. 1213,,
I
im
1
Wed Tb.
Wed
FrI.
9>4
Sat.
Good Ordinary
<llb.l
Ordinary
Low MlddUiiz
MlddUu);
Strict (iooil
I
SJ,g
914
lOliB
Up:
i
,,
9"ie
,9i'ie
lOia
1079
10-«
lO'g
Th.
Frl,
914
fliT
W^ed Th.
60,8
914
101,
101,
1011,8 1011,8
868
06,8
10%
10^
SALES OF SPOT AND TRAW8IT.
ExCon- Speeport.
Bat .. q't&flrm,ii,ad.
Mon . Finn
Tues. Finn
Wed Dull at 1,8 adv..
.
Tbiirs Dull
Frl. Quiet
and
flrm.
.
rump
ul'l'n
^'r
151
'.'.'.'.
293
398
172
S5
144
.... 1.243J
CO
858
96lR
1018
ill'
mi
....
FUTURES.
Deliveries.
151
293
898
172
190
144
62,700
30,000
22,000
34,000
68,400
56,300
1,100
l,3r.4
274.000
3.700
• daUy deliveries given abov.i are aotaally delivered
«U8 to tliat on wulon they are rorortod.
tUe
400
800
600
500
300
day
2
coco
2
;j8 a
M
to
QDta
CO 10
2
cou
9w:
2
»*:
MMyiM
COCm^
sco:
I
I
3 CO
cocoOuj
to
Mrf-
M
cccoOco
coco
It-
11
<
'-'1
*-ta
<
2
"
coco
co:d
2
1
'J
""
,Jm
*<
u»co
SO-.:
M GO
I
VV
9
*
cic.<
I
So:
cJcJ'^cj'
f^f
h't-'a'-'
0»iU
C CO
O
11
<
i^*»-
m:o
-»
!C<0
2
"»
I
^^ Ci
MM ^
tJM
O
2
">
a-ji
2
C'i-iOC"
a»c«
:
Si
I
>-'<-'0l
O' J*
:i-
5M
»o:
MM^M
11^1
cityiOvi
I
11
as-.
J.*i!M
MmOM
If^it-
lU
•~l--)
9
MM
^
MM ^
«>i:
I
--1
O -q
»fa
CO
to
*"i
6 c *i
o :d
if
2
"
v»
8r
O -I ^
CO
0,01
2
*>K!m^
COM
1
I
2
9.":
I
11^1
8<o:
-*)
1
MMOM
C^ CO
oa
COK)
I
-vi
^O
O
<,.|C<|
30
COif^
Co
CO to
d
8
I
of
I
Coo
'
'
I
ii
8
2
9(0:
OOoO
..I
too
•^
8:
-:
?
^
<
I
X
I
:
OOoO
oSoo
^"imOCi
%
-j-jo-i
o
0,
-1I
o
81
I
8:
cO OOoO
oo
o^
o.i
to
H*
I
o
*j.^o.j
^•~>
o
^
9
»
o
88
'
8:
toto
9
'.
1
ooiCob
:
I
o^
-
ooco
8
MMOlM
oc % ?o
-j-'i
tots
-
^^ >
?? <
QDX 2
•
00 5
01
2
8
-j-jCJ-i
coco
,0
-
);^cn
MMojM
•I
QCZ)
too
I
810;
8
09
QD
MM
MM
CC ^
OS
IJ
-J-J
21
'
CC
I
9
9 09
I
5
9
I
01
^ Ow
0= ? 99=
QD
96,6
Sales.
Total.
COM to
10%
10%
10%
5
ii>o
so:
CD
Frl.
MARKET AND SALES.
The total sales and future deliveries each day during the
week are indicated in the following statement. For tho con.
venience of the reader we also add a column which shows at a
glance how the market closed on same days,
SPOT MARKET
CLOSED.
1
I
89,8
9I4
2
ICro
>-•
MM
co:o
c»o»
'^
'
1
Mon Xuea
2
QD
I
1078
113,6
1138
Ilia
113,8
1138
Uia III2 111*
lllll6llll,6 1111,6
1178
1178
1178
117s
I2I4
I2I4
I2I4
I2I4
1278
1278
127.
1278
f-
tiw
18
M-CCM
MMc M
-I
01 f^
ibl."
|11%
mm:
I
^03
e-.S5
if-ij
2
coco
9u,e
ll'iia
1138
:
S'^
P^ ^ P =
QD
lOia
1078
I
I?
cf.aC
9r-
OCX
im
Wed
coco
8>'
MMOM
I
;
I
I
-0
93,6
93,6
9>lg
958
968
95s
107,8 107,6 107,6 jl07,8
lOlSjs 1013,„ 10:3,8 101316
ni« Ills III9
116,6 116,8 11I>1
116,8
117,6 117,6 ll'ia 117,6
1158
llSg
1168
ll»8
1113,6 1113,6 1113,6 1113,6
123
123,6 123
121,6
1213,nll2'3,p l-.ilS,6'l213
I
I
I
93,6
93l8
FrI.
Tl«.
9I4
Ordln'y.^ J) 9
9
9
94
91I16 911,6
Strict Ord.. 97,8
97,6
97,8
IOI4
IUI4 llO
Goo<l Ord..ll0i4
lOia
Btr.U'd Ord' 1038
1068
IO69
107g ;i07g
LowMidd'K;i0i3i6 1016ib'1015i8I113i, Iu3,„
Str.L'wMidlllia
1118
1119
1139 |113^
Hiddliii,;. ..ilIH
1114
1114
Ilia limj
Good Mid.Jll7|8 117,6 117,8 ll'iiell"l6
llSg
Str.O'd Mid 11=8
1158
ll'a
117a
Midd'g Fair 12
12
12
1214 1I214
12''8
fair..
1268
12^8 ll-7s
125a
STAINED.
^-4
TEX AS.
mou Tues Sat. mon:Tae«
»
I
<
9
MM ^
MM 5
00 o
-M >
NEW ORLEANS.
UPLANDS.
Sat. mon Tnes
Hio
1
•4
C32
9w.
^^^-*
MMo-r
—
:
COM*CO
9cs:
ffi^OCJ>
Feb.
Feb. 20.
9
I
IK
Kt-
*^
18-:
•«:
M-oiM
f'f'aa'i ^^'w-'
^''''il,
ll'^l 11^1 ll'^l
1191
cj»:j«Ocn
I
were to arrive.
each day of the past week.
.
2
^^
bales
and
in transit. Of the above,
The follomng are the official quotations for
Total.
co;o
to--
forward deli^-^ry for the week are 374,000
For immediate delivery the total sales foot up tliis week
bales, including
for export, 1,313 for consumption,
8tr. G'll
CO
5@ 9
111 for speculation
Y^i^
I
this crop,
—
—
^M >
*•
^01
uplands.
The
tSUt
s-
points above tliose of the previous Fribut only slightly dearer for the autumn
To-day there was a slight further improvement in
Talues 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 business reported has continued very small. To-day there is no
change, and the close is nominal at llji^c. for middling
ing figures were
tto
-Ho*-*
coccOu
on other days more
or less advance has been recorded, until last evening the clo
^M
C003
I
Mt-*ODM
South has continued wintry, delaying
the work of preparation for planting the next crop.
2
uic
I
at the
St?
:
COCO
-M ^ MM
ecu o MM
briskness.
been better, the crop movement has fallen below estimates,
and the weather
(a.S.3-
•
...
^^S^
1:^8
Liverpool accounts have
Prices have advanced somewhat.
0-PZ
:
-jo'
1
yet has been only moderate in amount, yesterday being the
first
ilil i^^f
>: ii C
T lilt
si
i
-
13
CO
o.pj
;
Business in cotton for future delivery at this market ha
shown some
mi
Ih^ peI Pes l«" H^^ b^'
Stock.
Total.
Kite.
10,816
3.200
5.800
3,800
3,o09
15,846
4,000
5,000
63,985
90.680
.
.
Ooatt-
Pmon or FtmntaR are shown br the follow-
Thi Sauh and
not cleared—/or
Other
Franet. Foreign
Great
Britain.
243
ing oompr«heniiive table.
Leaving
AT—
:
1
88
co5
8:
)
:
brt
9I
I
1
«1
I
I:
I
8:
I
li
I
I
I
I
Includes sales In September, 18d4, for September, 158,200BentAm.
5S5'?nn"''*J''
'V Oitol>er, 421,800: Septen.bc-Novembcr, ior NovembS"
582,200;
Sei.t.,iihir-l)eco,iil>er, for Ucceuibcr, 907,800:
BoiiteStW
oopiemner.
*
January,
January, 2, 114,lui'.
Included In the above table, and BhaU oontlone ea^k
'"''^- '"e average price of futures each day for each monthTit
-m-f
l°f
wlU be
found under each day .ollowin,>; the abbreviation •• Aver
Th«
average for each month for ue week la also given at bottom
of table.
Transfciable Orders- Saturday. ll-J5c.; Monday, ll-23o
Tuesdar
11-25C.; Wednesday, 11 30c.; Thursday, 11-300.; Fi-iday,
^'
11-aOo.
W"
fcir
We have
'
•
The following exchanges have been made during the weekt
•27pd. toexch. SjOMar. lor June.
exeh. 50 > Mar. for June.
exch. 5o0 Mar. for May.
•27 pd. to
•13 pd. to
00 pd. to
•15 pd. to
exch. 300 April for SUiy.
excb. 200 Mar. lor May.
600 Nov.
for Deo. even.
•03 pd. to exch. 100 Fob.
Oa pd. to exch. 100 Mar.
•28 pd. to exch 100 ifxy
•13 pd. to exch. 400 i*b.
for Mar.
for April
for Aug.
for April
.
..
,
.
.
I
THE CHRONICLK
244
The Visible Supply of Cotton to-ni^ht, as made up by cabU
telegraph, is as follows. The Continental stocks, as well as
those for Great Bntain and the afloat, are this week's returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Feb. 20), we add the item of exports from
the United States, includmg in it the exports of Friday only.
and
fltocltat
921,000
34,000
l>ale«,
LoDdou
960.000
79,300
935,000 1,031,000 1,03!>,300
4,200
4,000
7,700
38,000
49,800
63,800
21,000
5#)00
53,000
Total Great Britain stock.
Btook at Hamburg
Stock at Bremen.
Stock at Amsteraam
Stock at Rotterdam
Stock at Antwerp
Stock at Ha^TO...
Stock at Marseilles
Stock at Barcelona.... ...;....
Stock at Genoa
-etock at Trieste
I.IOO
3,000
.500
1,100
216,000
6,000
57,000
6,000
7.000
1,500
742,000
51,500
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for eacn
day of the past week.
2.G00
39,100
18,200
412
1400
198,000
6,000
50,000
12,000
153,000
158,000
3,400
46,000
8,200
.^,070
^000
4 ,100
280,200
39,000
4,o00
4,330
2 71,212
Feb. 20.
Galveston
:
.
2,906,593 3,352.643 3.184,044 3,135,631
Total visible supply
Of tlie above, the totals of American und otber descriptions are astoUowe:
Continental stocks
American
afloat for Europe...
United States stock
United States interior stocks..
United States exports to-day..
696.000 526,000
182,000
1.-8,000
429.C03
3.23.000
947,037 1,0, 8./ 89
327,630
292,907
684.000
314,000
511,000
959,713
230,000
10,000
707.000
292,000
380,000
830,055
217,738
8,700
bales
LlvOTPoof stock...
1.600
ll.oOO
.
.
New Orleans.
Mobile
Savanuah.
..
Cb.arleston
.
Wilmington ..
Norfolk
Motl.
Tites.
1058
101a
1038
10=8
lOiiie
10=8
lOiSjg
1058
101a
10»8
IC69
10i«
10=8
lOiiia
1058
10%
10 5e'
1058
1013,8
1011,6
10^8
1114
111«
1138
lOi*
1038
107,8
lOiSia
Memphis
Louis
.
Louisville
lUie
U'le
1136
1136
101s
1038
lO'lB
1058
io5r;
lOia
1038
lO'ie
lOSs
10=8
io4
.
UH
im
1138
10"4
1038
lOTiB
1058
ON—
Thurs.
FH.
10' IS
lOSg
lOlg
lOHi
107,6
1058
1058
10>3
107,8
105^"
10%
1013,«-78
lotr,,
loV
1013, a- 7g
10%
1078
IIH
11 14
lli8-3ie
1138"
Ill6-3l8
1138
10»ig
io4
io4
lOis
1038
107,,
io4
io4
lOOg
1058
,
107,8
1058
Receipts from the Plantations.— The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are sometimes 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.
2,435,493 2,708,743 2,518,544 2,477,919
Total American
Sat Indian. Brazil, ae.—
Uverpool Btook
Londonstock
Wie
IHis
PUlladelphla.
Augusta
Cincinnati
Wednes.
Salur.
im
Boston
Baltimore
St.
Total European stocks. ...1,359,100 1,437,900 1,319,500 1,064,712
246,000
118,000
161,000
85,000
India cotton afloat for Europe.
3o3,000
-129,000
511,000
Amer'ncotfnalloutforEtir'pe 3S0.000
46,000
^51,000
43,000
26,000
EgvT't.Brazn.&catltforEVpe
1,078,789
947,0»7
959,7
13
830,055
Stock in United States ports
StockinU. 8. Interior towns.. 217.7S8 230,<j30 292,907 327,630
U.oOO
10,000
1.600
8.700
United States exports to-daj-..
CLOSING QUOTATIONS FOB MIDDLING COTTON
Week ending
793,500
,^„G00
406,900
404,100
Total Continental stocks......
same towns have been 1,174 bales more than the same
week last year, and since September 1 the receipts at all the
towns are 75,,504 bales less than for the same time in 1883-84.
Quotations for Middling Cotton at other Markets.—
the
1882.
1883.
1884.
9«7,000
64,000
1885.
Block at Liverpool
[Vol. XL.
RECEIPTS FROM PLANTATIONS.
I
214,000
34,000
112,100
85,000
26,000
Continental stocks
India afloat for ICurope
Egypt, Brazil,
<tec.,
afloat
Total East India,
Total American
&0
Total visible supply
Price Mid. Upl., Liverpool
264,000
79.300
283,000
64,000
92,900
161,000
43,000
98,20i>
148,000
46,000
216,000
51.500
93.212
246,000
61,000
Porta. iSl'hat Interior Toivns.Rec'ptafrom Plant'm.
•85. '82- '83
5.
"
12..
657.712
635,500
471.100
643,900
2,435,493 2,708,743 2,348,544 2,477,919
"
19..
•
aa..
2,906,593 3,352,643 3,184,014 3,135.631
Jan.
5=6d.
S'Sjed.
6d.
jy The imports into ContinentaJ
ports this
'
6''i»<i.
week have been
«6,000 bales.
figures indicate a decrease in the cotton in sight
to-night of 446,050 bales as compared with the same date of
1884, a decrease of 277,4.')1 bales as compared with the corresponding date of 1883 and a decrease of 229,038 bales as
compared with 1882.
The above
—
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
period of 1888-84 is set out in detail in the following statement.
—
-
•'
.
1
,457 299,,528 410,,246 385,,45l|270.187' 304,932 808,,889
340 '838,,893 423, 577 363,,886|295,835' 281 ,084 '288,,755
2..
258,170 247,733
2SI,«2( 201,886
224,«a7 140,612
0..
175,3S2' »0.215^
,994 380,,341)'3S»,.'^flS 820,,785'l71,983
IB.,
15O,30O|lI0.4iJ7:
,95l'3«iT,,987
893 376.,855!492, 310 363, 520 294.785 200,419 207,,547
128,276440,,013
,075 333,,847 407,,974 34a,,488'22,S,789
1
38
72.189 105,,291
,715 304,,8;9138,10U' 8I,'284 115,,025
I,
,011 350,,74»]330,,900 298,,0S0119,182|
74,718' 87,,132
185,8891 11 1,4-tl
,293 347,,523'2n9,,754|280,,872 168,090
.785I343,,5x1!
282,,475'27t,,790 181,929
80,984! 63,,087
6..
18..
148.13(>jl05,921
,821 '320,,7981288,,089 268,,045 129,342
ao-.
134,44sl 83,013
,3241321 ,4241231 ,450 234 231 129.078
23.
". 80..
••
'
;
,805291,,378 888, 477 318, 019 262,893' 277,397,325,,186
247,017 265,434
262,01S'281,183|
"
Keb.
'83-'84. '84-'85. '82-'83. '83-'84. '&4-'85.
I
i
Dec.
136,4I,<0!
101.533]
171,318 112,110
1
01,202
91,515
51,394
80,,703
52,
32,
—
The above statement sliows 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.
2.
That, although the receipts at tlie outports the past week
were 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.
c
oT'
X
-, CD
Fag
o|?:i fi
a: 0= S5
Of CD
C;»tO<l*'
<J *-
MM
?
X
t
p 3
.
•
•
*^
•
'
•
I
1884-8,5.
C 00 <1 O M
W
Amount of Cotton in Sight Feb. 20.—In the tabfe below
we give the 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.
•^acOO^O-JOOMO®M*-OHDC:'^-0l
exccjss of
September
»F-
to
MM
MM
Ci IC tC CC M
<1.
MW M
Ci
0< ^I to 10
O
Total in
i^
w tc *• y»
iH-
K) -
1
ca
»f-
CO-^C: *-0lQ0O. MXf-OiT. COOi-l
0:MCiC30QOOOr-U)OOO^OCO:OQC)'X>
1^
•-•M
M *» Oi CO M w
ccooQonoi^o
February 20
.
5,143,216 5,063,691) 5,703,052 4,785,791
997,8191,086,720 1,232,103 1,191.666
Weather Reports by 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 reported 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 thermometer has averaged 51, the highest being 69 and the low-
M
-
03
M
I-
h-
—
ST
W©V/cO jryr«W#kQDJD^OL^Mlo^O;K»
os»»*M(X)c;t&j
— MODOOto — aaxwcHOs
-I
C)~lCit.OiMQO-^inMOWi(».OOOh-Or-^
(t-'h-
^M QD M #" mT- <1
s
-acxi-'ioscfl-ji**^
•>JWUtOQlOC'
CO
siglit
bales.
52:
OJt-'VoWiUO'H'
317,005
wUl be seen by tbe above tbat 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 bales, and the increase over 1881-82 is 357,425
•**
Cl
304,939
It
M
OlkOIOtOM
QD 31
O -J O
OODMWOMO
aOt3>UfcOMMM
205,294
.
Northern spinners' takinss to
February 20
7.....
c X -x J. x c 0: c
oDt«Oi-»u'aw©(Ctoooiy'C: wooiciM
,i.
M M O t3 #* -1 to
M
rf»
217,016
1
bom plauta'tns
.
CO C
M*i.X
MOrf*'l
1831-32,
»,550,7S8!4,469,025 5,071,332 4,323,513
Net overland to February 1
442,478; 444,671
472,320 337,278
Soutlieiu consumpt'u to Feb. 1
144,000 160,000 160,000
125,000
Tot. receipts
—
1882-83.
Receipts at tlic port.s to Feb. 20 4,339,722 4,263,731 4,766,393 4,006,503
Interior stock.s on Feb. 20 In
QD
^C:-JCo:cM
ic r- ce rf>. b3
1883-84.
0<CHtO0>:0CU)OCC)^O3)t^Mr0M*J'U:}iOS3
est 36.
—
Indianola, Texas. There has been no rain all the week.
The thermometer has averaged 50,
Ice formed on one night.
ranging from 30 to 72.
have had a rairrfall of two hunPalestine, Texas.
dredths of an inch on one day of the week. Ice formed on
The thermometer has ranged from 28 to 70,
four nights.
—We
COMtS
I.
The above totals show that the old interior stocks have
decreased during the week 22,379 bales, and are to-night 12,292
bales less than at the same period last year. The receipts at
averaging 43.
New Orleans, Louisiana. It has rained on three days of
the week, the rainfall reaching fifty-six hundredths of an
inch. The thermometer has averaged 50.
—
.
KuutUART
THE CHRONICLR
21, 18t6.]
Shreveport, Louisiana.— Vfe have had a rainfall of forty
bundreclthN of an inch during the week. Average thermometer 42- 1, highost 70a and lowest 29.
It has rained on two days of the
Columbu.'i, Ui-ixissip/Ji.
week, the rainfall reai-liing one inch and eight hundredths.
Lelanii. Mississippi.— We had light rain on Monday, with
a precipitation of sewn hundredths of an inch. The thermometer has averaged 39, the highest being 60 and the low-
—
est 24.
keepa the totals oorreot. We flrrt glTO the Bomlwy itatemeiit
for (he week and year, bringing the flgorea down to Feb. 19.
OIOUT UtCBIPTS AND SnUltKnTi VOB rOO* TBASS.
aUpwxHti tM$
ghipmeni' nnee Jan
totek.
—
ing 38.
Oreat
OonliBrUatn] ntnl.
—
— We
—
Average thermometer 43, highest 64, lowest
24.
Rainfall one inch and thirty-three hundredths.
Selma, Alabama. We have had rain on tliree 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 36.
,
Auburn, Alabama. It has been showery on four days of
the week, the rainfall reaching one inch and seventeen hundredths. The frost we have had will make re-planting of oats
necessary in some districts. The thermometer has averaged
38-6. ranging from 31 to 59-5.
Madison, Florida. We have had raui on two days of the
week, the rainfall reaching one inch and seven hundredths.
The thermometer has ranged from 38 to 69, averaging 49.
Macon, Georgia. It has rained slightly on one day of the
week. Average thermometer 35, highest 60 and lowest 23.
C' lumbus, Georgia. — Vie have had rain on one day of the
week, the rainfall reaching one inch and fifty -five hundredths.
The thermometer has averaged 40, the highest being 51 and
rates.
—
—
Tuticorin,
—
early part of the week, but the latter portion has been clear
and pleasant.
The rainfall reached one inch and sixty-five
The thermometer has ranged from 35 to 60,
hundredths.
averaging 33.
Atlanta, Georgia. It has rained on four days of the week,
the rainfall reaching one inch and six hundredths, in which is
included twenty-two hundredths of an inch of melted snow.
Average thermometer 36'3, highest 54 and lowest 19.
Charleston, South Carolina. It has rained on three days
of the week, the rainfall reaching one inch and four hundredths. The thermometer has averaged 44, the highest being
61 and the lowest 32.
Stateburg, South Carolina.—
have had rain on four
days and the remainder of the week has been pleasant, clear
and cold. The rainfall reached one inch and forty-one hundredths. The thermometer lias ranged from 35 to o7, averaging 38-2.
Wilson, North Carolina. It has rained on three days of the
week, the rainfall reaching two inches and ten hundredths.
Heavy snow and sleet fell here this week. Average thermometer 36, highest 53, lowest 27.
The following statement we have also received by telegrapn,
Bhowing the height of the rivers at the points named at 3 o'clock
We
—
February
19, 1885,
and February
Bhreveport
Vloksburg
Oreat
OonH'
Britain.
nenl.
BhipmenU Hne* January
taeek.
Great
Total.
Continent.
Britain.
1.
Total.
3.000
4,000
11.800
24.000
1,1C0
1,000
1.100
1,000
3,600
6,000
1,000
1,000
8,500
4,000
2,000
10.500
4,000
5,100
5.000
23,900
34,000
4.700
9.500
28.600
43,500
2.000
3,000
1885
1884
1,000
1,000
2.700
9,500
14.600
33,600
1885
1884
others—
1886
1884
3,600
«,00O
All
......
Total all—
1885
1884
1,000
1,000
4,100
4,000
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
penods of the two previous years, are as follows:
EXPORTS TO ECROPB FROM ALL INDIA.
1884.
1885.
Bhipmenti
to all Europe
This
week.
from —
Bombay
All
Total
ThU
Since
Jan.
1.
1883.
ThU
Since
week.
Jan.
1.
Since
week.
Jan.
1.
8,000,
5,100!
89,000
28.600
21,000
5,000
188.000
43,500
14,000|
4,40a{
166,000
56,800
13,100
117,600
26,000|
231,500
18.400!
222,800
other ports.
This last statement affords a very interesting comparison of
he total movement for the three years at all India ports.
Alexandria Receipts and Shipments. Through arrangeCo., of
ments we have made with Messrs. Davies, Benachi
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
—
Alexandria, Egypt,
1882-83
1883-81.
1884-85.
February 18.
&
Reoeipts (caniars*)-
This week
Since Sept. 1
76,000
3,028.000
Since
This
week. Sept. 1.
40,000
2,121,000
40,003
2,497,000
I
'i
10,000 253.000
5,000 116.000
ToContiueut
I'otial
ThU Since
week. Sept. 1.
This
Since
week. Sept. 1.
Exports (bales)-
1
1
S.009'202.000 13,000 199,000
3,000 93,0001 2,000| 01.000
15,000 369,000 Ill.000l295.000i 15,000|260.000
Karope
•A canlarls 98 lbs.
This statement shows that the receipts for the week ending
Feb. 18 were 75,000 cantars and the shipments to all Europe
15.000 bales
Manchester Market. — Our report received from Manchester
market is flat. We give the prices for
and leave previous weeks' price for comparison.
to-night states that the
to-day below,
1883-84.
1884-85.
32( Oop.
TwUt.
a.
SaehvUle
171,000
306.000
332,000
3 44.00O
Madras—
85. Ftb. 21.
81
Feet.
Below high-water mark
Above low-water mark.
..Above low-water mark.
Above low-water mark
Above low-water mark
Inek.
3
20
10
17
33
4
8
7
Feet.
Ineh
6
2
Mis sing.
1
11
26
7
43
New
Orleans 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-lOths of a foot
A.
a 9
28 838 » 9
Dec 19 838
'•
Memphis
SO.OOC 33,000
188.000 39.000
166.000 66.000
829.000 50. 000
8H
Oott'n
lbs.
Mid.
Shirtings.
XTpl'ls
6H
32( Oop.
%wUi.
OotVn
lbs.
Shirtings.
Mid.
VpW$
21, 1884.
Feb. 19,
Wew Orleans
Jan.l.
i^outta—
—
—
mnot
Wi4k.
Kurrachee and Coconada.
Shipments /or the
—
Savannah, Georgia. It has rained on four days, and the
remainder of the week has been pleasant. The rainfall
reached fifty-eight hundredths of an inch. The thermometer
has averaged 44, ranging from 32 to 66.
Augusta, Georgia.— We had heavy rain on five days in tlie
Total.
According to the foregoing, Bombay appears to show a
decrease compared with last year in the week's receipts of
6,000 bales, and a dmirease in shipments of 13,000 bales, and
the shipments since January 1 shew a decrease of 99,000 balee.
The movement at Calcutta Madras and other India ports for
the last reported week and since the Ist of January, for two
" Other ports" cover Ceylon,
years, has been as follows.
—
the lowest 33.
TUt
I
20,000 60,000
83,000 100,000
66,000 100.000
1.^5.0001 74.000
—We
have had light rains on three days
Jfemphis, Tennessee.
of the week, the rainfall reaching twentv-two hundredtlis of
an inch. The thermometer has averaged 84, the highest being
59 and the lowest 32.
Niuihoille, Tennessee.
It has rained on throe days of the
week, the rainfall reaching fifty-six hundredths of an inch.
The thermometer has averaged 28, ranging from 13 to 51.
have had showers on three days of
Mobile, Alabama.
the week, the rainfall reaching one inch and two hundredtlis.
The thermometer has ranged from 29 to 64, averaging 44.
Montgomery, Alabama. It has rained on four days 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
Rtetlpti.
1
.
I
—
Little Rock, Arkatutas. 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 ei^ht hundredths of an inch. The continued cold weather has prevented
any preparation for crops. Cotton receipts continue good.
The thermometer has averaged 32. ranging from 83 to 64.
Helena, Arkansas. We have had light snows on three
days, and tlie remainder of the week has been cloudy. The
snowfall was e<iual to nineteen hundredths of an inch of
water. The thermometer has ranged from 23 to 64, averag-
seasons
246
Ian. 2 371631
'
Qhn
d.
7
7
a.
7»a»7
9 87i«s 91i6 5 7'«a7
16 8^8 a 5
i5 7»a»7
" 23
71397
" 30 8516-816,65 7 86 101*
Feb. 6 3=1B-Sl6l65 7 36 10's
" 13 85i««81»i65 7 ae 101s
" 20 8H '98'r8 5 6 »6 91a
"
d
d
a?
37
1
d.
515l6
STg
51*16
«
8% a
8I3 9
81a 3
858 »
81a «
6
6
6
31a
81*
81a
G
ISia
5l3i6 S38
6
6
a
»
«
9
d.
«.
1I.
d.
5ia96 Ilia 5\
5>«36 11ia 518,6
I5 7
513 16
«7 1
516,4
5 7 »7 1
S's 5
s'siS
9
9
91a 5 10
9
9
9
9
9
«7
5 10 «7
5 5ia97
5 7 «7
5 7 »7
5 7 •?
21a
24
1
519
6.B,.
21a
2>«
2>a
51^1*
5tS,g
Prosperous Cotton Mills.— From the Lewiston (Maine)
Journal we take the following
above 1871, or 16 feet above low-water mark at that point.
"The cotton mills of Biddeford and Saco have been unusually euoIndia Cotton Movement from all Ports.
the past year. The Popporell corporation has paid 12 uercent,
We have ccssfi*
the
Lftconiii 6 per cent, and the York 5 per cent. Tlio mana»:eiiieat
re-arranged our India service so as to make our reports more
tlio mills have actually earned these dividends, and ihcu- surdetailed and at the same time more accurate. We had found state that
plus funds have not been touched. The Pepperell is one of tha richest
it impossible to keep out of our figures, as cabled to us for the
cotton corporations in the country. With a capital of Sl,200,000 It ba»
ports other than Bombay, cargoes which proved only to be a surplus of *l,200,000-enoUKh to build a big mill. Tlie par valueof
Sl.ooo.
is !(!300 n share, and it is quoted to-day at a little rtsiug
Bhipments from one India port to another. The plan now its stock
Jilau.o.
It has been up to $1 .30i'. The Pepperell mills are the largest In
followed relieves us from the danger of this inaccuracy and They have 100,000 spindles, which eai up 35 to 50 bales of cotton a
:
—
.
——
:
.
1
I
THE CHRONICLE.
246
week. When the plant whieli la now the Pepperellwas first started it
proved a failure, and was knocked down at half price to the present
corporation, which has a;rowh rich out of the trade. The Laconia mill
Is intimately coniieoterf with the Peppeiell corporation and they are
both under one a^eut, but the Laconia is the older of tlie two. The
Laconia No. 1 mill was built in 184.'>, and some of the wooden looms
built at that time are now riiiinins la the mill.
" The Laconia has a capital of an even $1,000,000, and a surplus of
$4,000 or SO.OOO. The par valuo of its stock is $400 a share, and is
quoted at $430. Tliere are 75,000 spindles in the building, and they
employ 1,()00 people. 'Ihe Peppei ell and Lacoula 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
maUiug them. The Pepperell and Laconia turn out about 14,000,000
pounds of cottons annually. Fifty per cent of ibis product is sold in
the Chinese and East Indian markets, and there is where they make
their money. Their goods have such a foothold ia those markets that
thej- ai e beyond competition and enjoy the advantage of commanding a
quarter of a cent above the market. The recent war in China interfered
with tie demand considerably for a time. Toeie Is quite a movement
in th( se goods to South America, too. Mayor Grace of New York
recently niade a heavy speculation in Biddeford cottons for shipment to
the .South American m.aiket. The York, situated In Siioo. is the oldest
cotton factory now runniug in the State. It started In 1831. The York
lie the oldest mill making colored cottons in the eountrj'.
has a capital of $900,000, and the par value of its stock is $750 a
The York has a surplus
share. Sales liave been made recently at $32 1
of^00,000 or $500,000. It has 4,?O0 spindles, and employs 1,400 peopounds of fabrics a
the
York
mills
is
4,000,000
ple. The production of
year, or about 12,000,000 yards. The mills run on ginghams, dress
similar
goods, denims, ticking and colored goods
to thoc-e made Ijy the
Bates mill at Lewiston.
" The total annual production of the three corporations In Biddeford
and Saco is 18,000,000 pounds of cotton fabrics of various kinds. This
is about 50.000,000 yards.
The mills keep 5,0130 people busy. The
Saco Klver hiis all it can do and a little more to drive all this business.
The mills have to use auxiliary steam power."
is
believed to
It
.
We
Jute Butts, Bagging, &c.— The market for bagging has been
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
rather quiet for the past week,
to keep prices quite firm.
Shipping
News.—The
83,483 bales.
mail returns, have reached
So far as the Southern ports are concerned, these
same exports reported by telegraph, and published in
Chronicle last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday
night of this week.
it did still further impoverish the help.
Since the reduction
cloth iirices have been on the down grade, and there is no better outlook for them. How much longer the manufacturers will be able to
stand this strain it is hard to say, but the end is not far oft' unless cotton
cheapens or cloth gets into more active demand. The operatives fully
realize the situatioa, and the agitation for a strike has almost wholly
subsided."
Comparative Port Receipts and Daily Crop Movement.
A comparison of the port morement by weeks is not accurate,
as the weeks in different years do not end on the same day of
—
We have consequently added to our other standing
the month.
tables
a daily and monthly statement, that the reader
may
constantly have before
movement
September
him the data for seeing the exact relati ve
the years named.
The movement since
for
1,
1884,
in previous years, has
been
Tear Beginning September
Monthly
Seeeipts.
and
1884-S5.
!
1883-84.
1832-33.
Bept'mb'r 345,4451 343,812 326,658
October. 1,090,385 1,046,092 980,584
ovemb'r 1,122,164! 1,030,380 1,094,697
Deoemb'r 1,101,211 1,059,653 1,112,536
January . 475,757 487,729 752,827
1881-82
429,777
853,19.3
as.
follows:
1.
1880-81.
j
458,478
968,31S
1879-80.
333,613
888,492
942,272
956,464
647,140
974,043 1,006,501
996,807 1,020,802
487,727 571,701
Totalyear 4.137,962 3,987,668 4,267,300 3,741,549 4,02.5,300
3,768,011
Perc'tage of tot. port
receiplB Jan. 31..
8181
70-89
79-27
63-53
75 34
This Statement shows that up to Jan. 31 the receipts at
the
ports this year were 170,393 bales more than in 1883-81
and
189,338 bales less than at the same time in 1883-83. By addinoto the above totals to January 31 the daily receipts
sinethat time, we shall ba able to reach an exact comparison
of
the moveuAent for the dilferent years:
1884-85.
Tot.
1883-54.
1882-83.
Jn ,31 4,137,962 3,967,666 4,267,300
Feb. 1..
"
4..
"
5..
B
10.449
15,848
14,439
9,087
*'
6..
28932
"
7..
8.862
"
8..
"
2..
"
3..
" 9..
"10..
"11..
" 12..
"13..
S
14,972
10,601
8.348
11,2.57
" 14..
14,581
9,184
" 15..
8.
13,650
14,678
21,924
6.
20,977
19,876
16,601
18,847
17,453
24,223
17,925
B.
30,7-23
8.
35,832
26,666
18,808
23,038
40,557
18,730
19,319
15.790
10,973
15,751
23,153
10,82S
23,150
21,200
31,304
a.
17,131
8.
1881-82.
1880-81
1879-80.
!,741,549 4,025,800
12532
22,96:
11.019
22.3410.0:9
S.
27,938J
26,03
1
'
16.«97
14,970
12,207
13,350
19,496
10,622
25,147
B.
2G,5!)S
i5,440
10,750
9,C47
9,389
16.183
8,707
3.
20,763;
22,580
U
20,3
15,208
15,582
21,929
11.289
23,435
8.
13,72)
31,438
12,915
18,057
17,632
25,523
20,967
17,019
27,674
29,688
S,
" 16..
" 17..
13,415
8 523
" 18..
"10..
5.49(
10.397
",lt3
10.529
10,93'
27,754
8.
8,02'
20.8.59
12,725
S.
8.
8.
18.076J
21,769!
28.391
10,070
18,579
20,03
39,774
17,936
" 20..,
3,,768,011
8.
23,239
18,058
14,586
21,901
16,663
Total
4,339,722 1,238,907 4,697,689 3,967,780 4,411,742
4,098,825
Percflntage of total
port rec'pta Feb 20
87'39l
78041
S385
75-lE
81-97
exports of cotton from the United
States the past week, as per latest
in which this city is interested, and.iust at this time the quotations are
scanned 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 keep 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
BulTering. and it is now generally admitted that the last out down in
wages, like that of the preceding year, did not benefit the manufactur-
while
Sellers are not disposed to accept
than quotations on the parcels moving, but a round parcel
could be had at less. The market closes at 9c. for li^ lb.,
9i.^c. for 1% lb., lOi^c. for 3 lb. and lie. 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 3,000 bales being taken. The market is firm, and there
is nothing offering below l-'iC for paper and 3ig@3^3C. for
bagging qualities.
less
are the
ers,
'
This statement shows that the receipts since Sept. 1 up to
to-night are now 100,81.t bales more than they were to the same
day of the month in 1884 and 337, 9ST bales less than they were
to the same day of the month in 1883.
add to the table
the percentages of total port receipts which had been received
to February 30 in each of the years named.
Bad Outlook for Cotton Mills.— Under the above lieading the New York Times of the 16th gave the following
" Fall Eivek, Mass.— Cotton and cloth are the two principal markets
:
[Vol. XL.
the
York—To
Niiw
Total bales.
Llvei-pool. per steamers City of Berlin, 1,748
Germania, 2.111
1,314
Lake Winnipeg, 1,135
Gallia.
Helvetia, 2,073
8,381
To Havre, per steamer St. Laurent, 170
To Bremen, jier steamers Ems. 994
Oder. 652
To Amsterdam, per steamer Schiedam, 1,017
To Antwerp, per steamer Noordland, 789
To Genoa, per steamer Pen-y-ghent, 145
New Orleans—To Liverpool, per steamers Leonora, 5,950
170
1,646
1,017
789
145
—
Niceto, 5,158
per ships Algoma, 4.282
Charles, 5,118
Prince Louis, 2,420
i)erbark Enterprise, 900 ,.
23,826
To Havre, per b.irk Miriam, 3,708
To Ghent, per bark Oralgowl, l,0B8
To Barcelona, per steamer Hernan Cortez,
Alina,
3,708
1,068
3,-200
per brig
700
Mobile-To Liverpool, per barks
3,900
Carrier Djve, 3,311
Robert
Chapman, 3,082
Charleston- To Liverpool, per bark Pohona, 2,531 Upland and
A.
6,393
13 Sea Maud
2,544
To Barcelona, per barks Lulgl Ruggiero, 1,546
Mlcheie
Picasso, 1,500
3,046
Savannah—To Liverpool, per ship Vanloo, 5,2i7 Upland
per
bark Betty, 1,998 Upland
'...
7,225
Galveston-To Liverpool, per bark Frank, 1,020
1,020
WiLMiNOTON— To Liverpool, per bark Jaf uliar, 1,738
1.733
To Amsterdam, per bark Speranza, 1,800
1,800
NORFdLK—To Liverjiool, per steamer Plantain, 4.689
per ship
Bertie Bigelow, 3,007. ...per bark John Gill, 3,074
10,770
Baltimore— To Liverpool, per steamer South Cambria, 203
203
To Bremen, per steamer America, 1,303
1,803
BOSTON— To Liverpool, per steamers Cejihalouia, 1,089
Iowa,
^871
1,960
,
To AnuapoiLs and Digby, N. S., per steamer Cleopatra, 50...
60
Phiiadelthia- To Liverpool, per steamer Britisli Prince, 233..
230
Total
i
83,432
The
particulars of these shipments, arranged in our
form, are as follows:
Ams'dam.
Annai>Liver-
Bi-e-
Antwerp Sarce-
oils
A
pool. Bavre. men. <e Ghent, tona. Oenoa. Dinbu.
York. 8,381
170 1,646 1,306
145 ......
N.Orleans. 23,826 3,708
1,0J3 3,!>00
Mobile
6,393
2,544
Charleston.
3,016
Savannah.. 7,225
.....
1,020
Galveston
Wilmington 1,738
l.SOJ
Norfolk.... 10,770
201
Baltimore.
1,30J
1,360
Boston
PhUadelp'a
2i0
New
.
Total..
61,340 3,378
3,149
1,674
6,948
50
11.-^
usua
Total.
13.148
32,502
6,393
5.590
7,223
1,020
3,538
10.770
2.006
2,010
230
83,482
Below we add the clearances tWs week of vessels carrying
cotton from United States porta, bringing our data down to
the late.t dates:
QALVESTOS—For Liverpool— Feb. 16— Bark Thora, 2,178.
New Orleans— For Liverpool— Feb. 14—Steamer Counsellor, 4,310 ...
Feb. 16— Steamer Chancellor, 3,743.
For Bremen— Feb. 14— Steamer Irthingtou, 4,312.
For Vera Cruz— Feb. 16— Steamer Est iban de Antiinano, 170.
Mobile— For Liverpool-Fell. 18— Bark Maiden Ciij', 2.625
Feb. 9
Ship Juliu, 3,U9.
Savannah— For Barcelona— Feb. 14 -Steamer Cunnaught, 2,910.
Uharlk&ton— For Liverpool— Feb. 11- Bark Wayfarer, 2,130.
For Antwerp— Feb. 11— Steamer Canonbury, 4.030.
For Palma do Mnjorca-Feb. 18-B:irk P.iqucttn de Venilrell, 190.
West Point— For Liverpool— Fnb. 12— Ship Macauley,
Boston- For Liverpool- Fob, li— Steamer Kiiusas, 759
Fob. 14
Steamer Iberian, 810.
Baltimore— For Liverpool— Feb, 10—Sleamer B.irrowmore, 698....
Feb. 16-Slcaiuer Meutmore, 500
Feb. IS— Steamer Thanemoie,
.
Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, &e.
Beswell TowEi!. steamer (Br.), from Baltimore for Llverp lol, was
abandoned Januar.v 29, in a sinking condition. The crew was
avcd liy fteauier Gladiolus, from Hlilcl'U for New York. Tlie cargo
!
the Boinvell
of cotton, i-c.
oi
Tower included.7,3.973
li'-shels of
whc:it 1,')08 bales
—
Febuuaby
,
ITHE^CHKONICLE,
21, 1865,1
for
Liverpool,
M10,New
W. All liaodt
York,
OMKBV.iNT, tiark (Nor), from Oahreitou, Deceiiibor
wat nl>iiuil>iuiil, no (Into, In lut. 4.1 N., lull.
Cminliinoo (Hr.), Andrew!, from
Hliip
BHVcd
liinilodiit I.h'-'
liv
8BIIKKTT iiud \Vai
.,1. ...:..•,
.
,,;
,,„,,,.,
,
I'lUiie liy llio
Ida
,
.
li
l„,
....
...
Mortfan
Ail
l,>iio.
and Cirv ok
D.vKUAiiii
QnnBith Low.
\-2.
were
liiidlj- rtiiiiiiitfiMl.
IIki.b.v.v. Htt<Biiihimt«,
*lpl and Arkaiisits rlvi-in,
February IS. Tln> llin wan
wmo
dentroyoil
plyiiiLron tho MlaAlxUrn ut .MeiiipliN.
liv
dUcovcred about
M. amnnn Homo
P.
i
cotton on Imard thu Mtranicr Ida Darraeh. lyin^ ftlonKsldo of tlio
wharf boat or tUo .MeniphU Arkansae (.'Ity VlrkauiirK x ArkaumtH
River Packiit (Jonipauy. I'.veiy (ifforl wuh made to exthiKnUli the
tlaiiii'K, bill without Hne<e-<.s. and tlixy soon oiivolopod the utoaniir
and were eoinmunlcatod to the wliarf boat. The .\ni'hor l.liin
steamer City of llileim, wlileli was lylnji at the foot of t!ie whiirf
boat, was lilm i;tnit™l and burned. Tlio Ida Diirni^lbliid .|uit
arrived from tho Arkansas Klver with 219 bales of cOttlTIi, Ac,
wbieh were lost. Insured In local companies. The City of Helena
was owned by the .\iiclior T.lne Company of Bt. Louis, and was
valued at $o0,000. She was nnlugured. Her cargo coustsled of
150 bales of culton, Sie.
week have been as
Ck>tton frei((hta the past
Man.
aatur.
Do
"aai**!*
»9»»M*
d.
Fn.
H9*M'
....
....
....
....
^16*
^i«*
''is'
..••
..••
....
''It'
»18*
»»•
"la'
....
....
....
....
c.
....
steam..!;.
fia*
sail
e.
....
Hamburg, steam, o.
Bremea,
Do
Do
8all....c.
....
'li....
'16-
'la'
....
»18'
....
Do
Do
...•
....
.--.
....
>4®932'
i43»3a*
143932'
>4®932*
8aU...o.
d.
May-Juna.. 608 608 eos so;«
Jane-July., 6 11 612 6tl «i<
July.AuK... all 6 18 6 14 a is
Aus.-Sept... 6 18
Bept.-uet..
Oct.. Not...
...*
..*•
iia»3j932'
«.
....
....
....
....
»32'
»33*
932*
832*
»32*
V
»••
>«•
ifl.
Oenoa, steam
c.
Trieste, steam... e.
Antwerp, 8team..e.
'
Blgh r«w. OlM. Optn ai0» tow. dot.
V
V
V
t
>«»»m' •easM'
Per 100 lbs,
tl9
068
sas
eoi 802
• OS 609
SM SIO
SIB 613
SIS 6 17
SIV 620
>8a»<4*
«.
4.
«.
4.
6 81
soo
600
soa
SOS
sot
601
SOO
600
603 SOI
S07 604
SOI
SOI
siii
Sll
a 10
«II
6 14
su
a IS
S63
ssa
SOi
SOS
Sl«
SIS
617
6 18 S17
8 18
6
690 Stl
SI8
611
583
601
609
sot
SIS
6i« 6
6 17
2l>
14
4.
4.
SM
SM
s
BREADSTUFFS.
market has been
flour
without conspicuous feato transportation
mand; BO these two influences have counterbalanced each other.
There has b8en little speculative fueling, and the changes in
have been towards lower figures, especially for tho poorer
City rftill brands have been in demand at
Rye flour and com meal have ruled rather firmer,
and in buckwheat flour a considerable advance is reported.
The speculation in wheat has been sluggish, and the changes
full prices.
from the
close of last Friday are unimportant.
the feeling has been one of steadiness,
•fl'
»«a9s4'
dull,
The interruptions
week.
by storms and ice have retarded supplies,and also limited the de-
in prices
H'
»«»»e4'
CJompreaaed.
8W
610
4.
S«
SM
KoT.-D»«..,
D«o.-Ian,..
prices
•43933*
BaroeIona,steam.(;.
sail
M.
grades of Western.
45® 501
Amst'd'm, steam.e. 45*501 45^501 453501 45®50> 45a50t
Reval, steam
<(.
9tt» Wab.
FuiDAT, P. M., February 20, 1885.
Havre, steam. ...c.lHig-Hsa'iOu-i'aa* »ia-"32' »18-1'32* »16-»S3* h<r"32'
sail
0pm
ll.
5 60 San SBO 5 62
rebnfary.
r*b..Maroh. 5 60 ses SSO
liardi-Apr. sat a 01 |>t3 «01
AprU-May.. 6 04 SCO BOl SOS
The
»8»fl64'
.--•
Ball...d.
Do
Otoi
d.
follows:
Wednu. Thur$.
Tuet.
1.
tures, in the past
Uverpool, steam
Than.. Fik. t».
now
'<
'
Wu4nm»», Feb< 18,
and
Pl«r 40. >forlli
'"r*. lylna nt tlin
<>Iton doatliiiMl for tho htparnxr I.,aki'
ilKit Ilex loiidlnK for LIrcrpuul on til"
w«ru on tini Fiiliriiiiry 17. TlM Hennett
iiippotl liv tliu Cbnili'sinu l.lne of ateaiaorH
a.nlli, llii) Wiiltcr Biilliw I.00'2 bale* tliat
I
Klvrr.dUch.il
II
247
H9»u
—
Liverpool. By cable from Liverpool, we have the following
Btatemeut of the week's sales, stocks, &c., at that port.
add previous weeks for comparison.
We
The lower
rates of
if
Still
not absolute strength.
ocean freights and the relative dear-
ness of other grains have seemed to favor the export demand.
The milling demand has continued good, although the
the harbor has
made
deliveries
diflicult
ice in
and expensive.
Foreign accounts have been without feature,and Western marJan. 30.
bales
Sales of the week
Of which exporters took
Of which speculatora took..
Sales American
Actual e.i port
Forwarded
Total stock— Estimated
Of which Auioricau— Estlm'd
Total import of the week
Of which American
Amount
alloat
Of which American
51.000
3,000
6,000
35,000
3,000
26,000
823,000
599,000
153,000
111,000
324,000
300,000
Feb. 6.
44,000
3,000
4,000
29,000
4,000
37,000
860,000
643,000
115,000
95,000
299,000
270,000
Feb. 13.
37,000
6,000
3,000
23.000
5,030
21.000
921,000
707,000
73,000
51,000
262,000
234,000
The tone of the 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 foUows:
Saturday Ifonday. Tuetday.
Bpot.
Market,
12:30 P.M.
Stead;.
Dull.
Wedtus. Thurtd'y.
In buyers'
More
favor.
demand.
Steady.
Frulan.
Firm.
change.
speculation without feature.
DAILY CLOSISO PKICBS OP NO. 2 BED WIHTER WHEAT.
Sat.
Hon. Tuet.
Wed. Thurs.
^2
92:>8
92'4
92%
921,1
In elevator
89%
90%
February delivery
90>s
91i«
90>4
90%
March delivery
90%
OO'g
Ol's
93s»
94'a
April delivery
Maydellvery
June delivery
9213
94
95
92>4
9438
95'^
92i8
92i«
94
9t
9m
O.y
Fri.
931,
90Js
9OI3
917s
9:i's
94%
Indian corn has been wanted for immediate shipment, and
so scarce that on Wednesday a "corner'' on February contracts
seemed probable, the price of No. 3 mixed rising to 54V^c,;but
The later deliveries have taken a
it fell to 53c. at the close.
stronger turn, and at times the speculation has been quite
brisk.
To-day there was an early advance, with siles of No,
« in elevator at "iSJ^c.
but at the close most of the improve;
6
Bales ....
Bpec.ibexp.
6
6
6
6
6'l8
«>ie
6I18
S'la
6lig
6'ia
5,000
7,000
1.000
6,000
1,500
8.000
1,000
7,030
l.GOO
7,000
1,000
Mid. Upl'ds
Mid. Orl'us.
7011
8
ment was
{
12:30l".M.5
Market,
)
ftp. M.
\
Doll at
1-61 ad-
Quiet.
vauoe.
SteadT.
The opening,
Liverpool for
Steady.
Quiet but
steady at
Quiet
l-M dec
steady.
and
Firm.
Dull.
and
liteady.
Very
steady.
Barely
steady.
and closing prices of futures at
each day of the week are given below. These
highest, lowest
prices are
on the basis of Uplandri,
otherwise stated.
Low
^p" The pntes are given in pence
S 62-64(f., an<< 6 03 means 6 3-64d.
and OUhi, thus: 5 62 meant
S«i. Feb. 11.
0pm
Middling clause, unless
iMon., Feb. 16.
d.
d.
d.
d.
d.
d.
seg
5 63
5 62
5 62
5 61
561
562 5 62
March-Apr. eoi 6 01
60S 6 05
April-May
May-lune.. auu 6 09
5 62
6 01
6 05
5 62
3 62
6 01
6 05
February... 5 62
Feb.-Marcta.
..
608 60»
Jane-July.. 6 13 6 13 613 a IS
July-AufT... eia 9 19 6 18 616
Auif.-SepU.. S19 6I» ai» eia
8ept.-Oct...
Oct.-.Vo»..
S6i 5 62 5 61 5 81
600 6 00 6 00 6 09
604 6 01 604 6 04
eo8 8 08 606 608
6 12
6 12
8 15
8 18
OIJ 6 IS aij
618 e.li) SIS
6 11
6 11
••H
d.
d.
d.
sac seo 5 60
580 5 60 5 BO
563 6 63 5 83
603 6 03 6 03
8 07 6 07 803
610 a 10 610
6 14
6 14
617 6
17
8 14
8 17
-....
....
....
....
....
....
....
....
....
....
....
....
,..,
.,..
5liii
aiM
ul^a
dOMi
49J8
52
43''9
43%
Maydellvery
June delivery
July delivery
....
....
....
Jl.
f>.)i2
5:1
53
Fri.
49%
50»4
49iji
4973
50i<
49'8
b'i^
SS'a
50"4
49I3
4a^
49%
49%
.49%
49ia
49
49is
49ia
49ia
4938
49%
49%
Kye has been taken more freely for export to Antwerp at
for Western, and there is more inquiry at the clos?.
Barley has been quiet.
The stock is much reduced and holders are
generally firm, but there is some irregularity. Barley malt
has met with a good demand, and is quoted at 63@80c. for
Western, 70@83c. for State and 95c.@|l for Canada,
Oats have continued to sell very freely for the London market, and prices for prompt delivery advanced Ic. a bushel,
especially for mixed, which seemed to be the sort wanted.
70i:.
560
Speculation also revived, having relapsed into dulnees, but
options for the later montlis advanced only a fraction. Today the export demand continued, and there was a further
5
6
6
6
63
03
07
advance for promjit delivery, with generally a firmer tone.
The closing prices of futures were for No. 2, 88,^40. for February, ST'^'c. for March, 37c. for April and 38/gc. for May.
6
14
d
8 80
10
617
The following statement, prep.ired by the Bureau of Statiswill show tlie exports of domestic breadstuffs from the
tics,
uiulermentionetl customs districts, during the montli of Jan.
....
....
188,"),
...
53%
52H
52''8
50^
(."to..
....
....
....
Nov.-Dec...
Oeo.-lan....
Tatw., Feb. 17.
Biih Low. ClM. Op<n Hioh Low. ClM. Open Bith Low.
d.
d.
In elirator
February deliver.v
.March delivery
.April delivery
Quiet
Dull.
lost.
DAILY CL031N0 PRICES OF NO. 2 MI.TBD COR.V.
Hon.
Sal.
lues.
Wed.
Thurs.
Futures.
Market,
To-day there was no important
The spot demand was mainly for milling, and the
kets have been fluctuating.
38.000
4.000
4,000
23,000
10,000
26,000
901,000
687,000
106,000
87,000
280,000
248,000
....
with
and for the seven months ended the same, as compared
correspondmg periods of the previous yctr:
tlie
-
..
.
"
:
:
THE CHRONICLK
248
tsa;
oooo
a
|tj
•
w B
cDQo
e^Q
,
::«
o o
gs
EeEs
bbSs
88MM
9 QOOO
:
r^ fo » 1
V
ED
.
ii
00 00
00 QD
i
i°
i>:
BB.
PBi
68 » 70
72 v 74
38 « 40
39 9 42
38>4> 38I9
39>«9 40
Rye— Western....
State
Oats— Mixed
White
No. 2 mixed
No. 2 white
Ctom— West, mlzsd
55
Buckwheat...
West. mix. No. 2.
55
Barley -No. 1 Canada. 88
92
West, white
60
No. 2 Canada
80
82
White Southern..
60 9 65
State, two-rowed
61
63
State, six-rowed
Yellow Southern.
53 O 55
68
72
The movement of breadstuffs to market is indicated in the
statements belovy, prepared by us from the figures of the
first give the receipts at Western
York Produce Exchange.
lake and river porta, arranged so as to present the comparative movement for the week ending Feb. 14 and since Aug. 1
for each of the last three years:
9i"
80
83
52
53>4»
56 ®
White
;
I
• 101
9....
» 93
9100
82
Sprlng.per bosh.
Spring No. 2
Bed winter, No. 2
Red winter
SBi
.
•
[Vol. XL.
Wheat-
5 £._ o
:
.
OBAIH.
- 2 5 » ~=»
So" i s=S^
c»
5
?9%
at ft
8.a:*:*
1
.
97
New
We
QDQD.
QOQD>
com
tOCO-JM
-jco»up.
BeceivU atr-
to;
Com.
Whtat.
Flour,
OJODCOtC
Ootf.
Barley.
But.
Bblt.imbi BvuKOOUu Bu<h.5RI&s Butl>.32 lilt Biuh.48 Un Buan.56
\
CDOMUi
Chloago
to to
Mroo;
MUwaukee..
OS-JC-C
Toledo
Detroit ...
Cleveland. ..
St.
»lO
towuibo
M
l^»
OMM)(^iM>
^OQOUtO^
y'CJ'Oic;
tOXOii»-
OiWMMMi*.
Ci-^M:ooto
-lOX- GDO-q:noix
CJICJICD'
tOOCn
en
'-•bbirf*.
ODtCOO
XCOMX
—
Vi^W
tocoiox
re CO
©a:
toxco;
btlox'
y'y>©poo<
M!o'-«^*y«b
<1
cooto.
X X -J X -1
CO
COODtjDr-
M M
m<1iI-k;
CO
M-IOSO
t-*
W « lO !D
to *•
Myio
Os'^i-io;
•J re to <1
*jj^^eoM
u CO ts
UMCoucieo
c;*
IX!
too:
O to W
»ft-03tf»"
K*.
^
en
oi
toKi—
•^GOCOtOOtO
^^
to
rf^J
w'w'ooi'b'cc
2^
US
638.623
921,261
385.784
248.868
374.546
403.102
44,9^5
38,105
78,896
5.913,692
81,237,085
55.040.598
35,910.337
12.371,185
68.6W.515 37.858.6S8
47.872876 30.133.861
13.504. 73S
3,853.134
5.738.f50
11,063,205
2,925,355
5.415.90i J55.686.250
5.794.123 57.51<!.9;2
Maen**
©CO 01 to
bush
Total (fraln
^1:
349,081
256,245
2,680,467
10,831,562
4,945,792
967,615
347.235
....
22.613,751
18,438,343
21,374,522
19,772,671
Wheat...,-.
Com
g
op tow
K)' OOOlVl
O OOO
O' OOCJ
^«ooc
OHO X 1^1
—
C» 03
O
CO
'-J;
V»oloi3ac;;iOTbtcki«:
toto
ti
QD
Cfl
lO
-
— -iC:oo5»W';p — —
2> 5XOO
iMcjoa
M
»f^
:;<
Dai<i"—
* Included in the foregoing totala are tne
reports from Milwaukee
Haven, Portland and Falmouth, Richmond, Willamette and York
town, the details for January, 1885, being as follows:
New
Barler—
kee.
Bushels
Value
.
New
Portland d
Haven. Falmouth.
.
.
1,130
3,900
.$
Value
.
616,600
1C,692
.$
.
.
1,022,368 158,083
746,015 138,233
$
475
2,300
48,010
249,532
26,810
133,518
33,183
122,556
6,200
6,134
279,148
372,S98
133,518
99,766
868,601 308.655
661,277 67,730
.
$
Total values-
Jan, '85$
Jan., '84$
7 moirths—
1883.. .»
88,300
1884...$ 5ul,380
38.048
32,777
349,826
926,444
6,715
34,588
2.727.921 996,538
ISi'SP
720,732
3,170,519 eesleos
The following are closing quotations
nne
Superfine
Feb.14,'85
Feb. 7, '85
Jan.31,'85
Jan.24,'85
192,780
236,883
196,414
138,918
2,682,954
2,113,352
3,2^7,723
Wheat.
bblt.
flour
and
120,313
7.=.,»i49
3,302
11,310
31,193
43,858
Philadelphia..
Baltimore
Oorn,
Barlev.
Uatt.
bush.
......
4'.980
Orleans..
27,676
52,366
33,896
15,054
523,501 123,992
564.0 >4 156.69 3
grain at the seaboard ports for the
162,225
21,060
38,750
1,330
70,200
227,164
Newp't News..
105.650
179,537
149,927
03,45 3
7,862,1712,771,769
5,799,173 2,382,676
14 follow:
Flour,
Wheat,
bblt.
bush.
....
547,983
9 )3.6()0
729,035
586,148
four
Bye,
bum
bush.
btteh.
292,244 2,104,012
4S4.253 2,263,458
420,317 2,045,805
413,675 1,419,196
2,213,472
last
BarUy,
OatI,
tuah.
biisfi.
Boston
Portland
Montreal
Xew
Corn,
w.. 764,995 1,590,994
840,167
911,052
282,200
10,000
1.950
170,300
817,432
14,248
513,400
ousn.
bush
399.950 113,625
52,875 14,300
18,563
2,000
4,600
129,000 51,600
14,300
Eye
bus/i.
7,700
1,000
23,017
550
3.600
6,363
33,287
523.719 2,751,032
171.720 872,662
652,575 181,525 42,230
Oor. week'84.. 188,612
305,583 229,725 29,445
The total receipts at the same ports for the period from Dec 1
34, 1884, to Feb. 14, 1885, compare as follows lor four yeara:
1884-5,
1883-4.
1882-3
1881-2.
bbls.
1,943,706
Flour
1,723,629
2,102,179
1,618,083
Wheat
.
Wheat flourValue
508,346
105,650
27.676
2,672.009
6,887,223
2,335,836
1.074,375
253,874
bush.
Corn
Bushels
Barrels
Fork,
town.
257,7?2
135,834
18,921
Bnahels..
Value
mond.
Willamette,
2ri,740
.$
OataWheat -
155 507
131.401
1,473.720
476,501
85,802
46,018
Total week... 290,605
.
.
Rich-
.
Indian com mealBarrels
Value
174,898
408.36
1.303,417
725,181
328.470
24,295
.$
Indian corn—
Bushels..
Value
Flour,
1882.
152,660
1.749.038
Week
tndUia—
AtNew York
it-
J»"
MUwaU'
Week
Feb. 18.
1883.
172,017
1,499,357
631,027
103,373
27,578
4Wk9 84.. 586,520
The receipts of
week ended Feb.
Nl
VaoGD
j-Vbo'-^iVto.
-4 ci Ci
x o' o w ^
to M X tc -^ W O — —
-i
«P*
Week
Fei. 17.
183,286
.„
.
Tot., 4
-o:mm
OiOD^'Ol^OilOA rfk
ij^'-jcsoixo-'iywoy
p — M_^ — P;^ W r-
Week
Feb. 16.
292,241
Total
:
en
1884.
Week
14
The rail and lake shipments from same ports for
weeks were:
'j9
;
1885.
bbls.
Rye
en to
O
OOi^CO
»fc-coc;w'r)tobo-i*:c CO
if^
cco;--iOx^Oc:c;-iox
ppxo
Wio '-"Cm rati
;
l,S23,.57l
b38li.
Oats
Barley
M;
M^C0P>O"pp 1
f*
i;
3,026.890
11,67^,957
4,537,856
2,367,842
10,379.079
4,208.011
1,131,3^4
ports for four years:
«
CO yi M CT oi
iffcMM-goDc;i
DMh-p
-J.
1881-2.
1,120,322
2.942,096
13,733.333
4.637,960
1,016,239
284,123
Flour...,
(P.
1882-3.
1,56},271
Below are the raU shipments from Western lake and river
3:0003
>'
;
1883-4.
1,283,065
Feb.
j(05
.
2.418.521
1884-3.
1,682,991
bbla.
Rye
^-jOtOtf*.
OD
500
3,297.372
130 5S1
Oats
Barley
'o'tOOiW
P^qopp<i:2d
00^ lO- COOii-VoO^i
co-3o; CiMM-OtOCO
4,800
9,350
6,500
910.108
419,133
968.283
Com
0)tOtO£
T
3,000
49,800
69,905
32,538
Wheat
^cow-iocto
«
16.000
71,0 !1
1((0,773
Plonr
lU en cc CO c^ 1^
«obi-j'if*.toco
1,109
Tot. wk. '85
OO^OiV-lotfi^
cobito-
1.261
12.893
i-
coco
i^pirf-wpas
'c'lCMUltOO"
:CCCCn<HO
toco 00*^ mo:'
Malout
ej<
Xi*kt^cn
COXtO'*^
)*>'
GO O' to "O
OMXM
o e» cn
to
MO*
ccro
10
-J*
<
The comparative shipments of flour and grain from the same
ports from Dec, 33, 1884, to Feb. 14, 1885, inclusive, for fou*
years, show as follows:
MIOCOO
O0tO©X
•ooitCM
to to :n 00
X to
61.098
4.51S|
1.
22,815
5,800
'-C
o; to C» »0
bscoo*>
oo-
1,923,778
87.500
150.552
5.000
53.000
123.100
Same wk. Si
Same wk. 'p3
Since Juli/ 28
1S84-5
1S8S-4
1S82-8
© IC M (0
cDxenecKi
433,519
84.903
6.5.978
Duluth
tOp^C;it3,c.
— at -4
^<lMpD
977.5SS
6,24J
81,5J7
lOi.763
32,900
577.010
143,750
160.338
3.118
24.098
675
...
U
168,539
1,611
Peoria.
QcpjOp
CO
Louis
202.il
44,777
6.317
1,940
^bbl. $2 25« 2
2
Spring wheat extras. 3
Minn, clear and stra't. 3
Winter shlpp'g extras. 3
Wintei XX & XXX.. 4
Patents
4
Olty shlppliigex
3
Boatb'n com, extrfM.. 3
70® 3
00® 3
809 4
10» 3
409 5
659 5
25« 4
509 4
Oats....
Barley
Rye...
.
I
.
4,854,673
5,815,117
3,365,982
829,987
83.397
13,224,217
22,558,451
14,919,436
several seaboard ports for the week
ending Feb. 14, 1885, are shown in the annexed statement:
Total grain
...
26,070,112
The exports from the
Exports
from—
New York
FLOnB.
75 Southern bakerb'and
05
famUjrbrands
$1759 5 50
35 Eye flour, supertoe.
3 60» 3 85
80
*'"«
240*280
» .^ ou
35 Corn meal—
25
Western, 4o
3 009 3 25
85
Brandywlne, Ao
a
330
•>"
• <>
75 Buckwheat floar per
65
100 "»s
2 50» 2 65
7,533,034
11,320,199
3,000,283
563,077
110,653
Boston ..
Portland
Wheat.
Com.
Bush.
134.525
28,663
41,450
Bush.
852,615
79,573
167,027
294,769
43,000
655,764
145,103
8,200
33.940
666,164 1,776,055
158,481
56,178
41,113
73,895
775.072
138.610
1.081
1241ns
1.565
Flour.
Bbls.
71,731
41,785
2,802
Oau.
Bush.
37,615
18,563
Bye.
Feat.
18,096
Bush.
2,226
23,017
71,669
Bttsh.
Montreal.
Philadel..
Biiltim're
N. Orl'ns.
......
......
N. News.
Total w'k.
8'me time
1884.
..
525,598
!.
.
Fbbruabt
The
THE CHRONICLK
21, 188fi.]
deetination of these
oorreepondtng period of
ezporu
is aa below.
year for comparison:
last
We
for 9Sx60a, at which Bgures there were more sellen thta
Prints, ginghams, lawns and printed and woven
buyers.
fabrics were in leaoened demand, but a fair buslneM
was done in yarn-dyed cotton dress goods.
wMh
1884.
We»k,
1880.
1884.
1885
1884
Wesk,
Wmk.
WMk.
Wtek,
Feb. 14.
Feb. 16.
rt». 14.
Feb. 10.
Feb. 14.
Wetik.
Frb 18.
1885
Bbli
125.983
Bblt.
1>8,S41
2.4.^3
1.^.767
1S.823
8,089
l.'S.4«7
OtU.o'n'tB
7.927
4.819
l,5o2
Total...
l.%8.481
138,010
Vu.Klag
Coiilln'iil
B.A-('..\iii
Brluvora
By adiUnK
Itutk.
Sunk.
316.242 1,169,747
209,356 58\740
29.818
Buth.
324.411
342,023
30
this week's
525,.M*8 1.776,0,15
666,464
movement
a37,3iiU
UCBANOa
this
Spats.
Janunry.
February.
Price
Salw
Price
Sales
Sales
Qnlat.
Price
Balee
Price
Hales
Price
Sales
8'IS
Quiet.
Price
Sslei
Price
Sales
Price
Sales
Doll.
8-16
Quiet.
Price
Sales
Price
Sales
Price
Sales
Thursdar \
Doll.
IS
Quiet.
Price
3'
Sales
Price
Sales
Price
Sales
rMaj.
,....j
Dull,
3-
IS
Quiet.
Price
Sales
Price
Sales
Price
Sales
89,987
8.434
4.500
Totu.
Priu.
Tone.
Saturilaf.
Dull.
315
Qaltt.
Uondar.
Dull.
8-16
Tuesdax
Dull.
Wed'day.
77.-I.072
to our previous totals
have the following statement of exports
ALss or vtmrmM.
oorroir
""boa
50
—
Print Clothh. The following shows the course of the
market during the week:
Bunk.
434.822
9,841
4.340
249
add the o«nt
Oom.
Whtat.
Jlour.
KmpOTtM
for week
to-
.
we
season and last
season:
Com.
Wh$at.
aqiortj KfiM
Aut. 96, (o-
89
AU). 87
to
.
to
14.
18t3-t.
Aut. 87
to
Feb. 18.
Bwh.
Feb. 14
13.743.087
14.825.340
Biuh.
14.667036
8.18,880
SOJiWS
14.741.120
8.768.951
3,«fl6.a5l
4.188.619
887.698
405.287
323.087
310.700
403,287
43.884
831
86.078
83.'i.782
3'.i3.349
148
8.010
18.111
17,849
18.278
B.677
41.033
S8.033
881.800
215.478
91.428
110.925
J.35U
S.nUI.OBi
28 551.014
19,03i.958
20.1.'ln.l»l
BbU.
30.557.80-
BlMl.
190.789
m
granary
supply of grain, comprising the stocKs
at the principal points of accumulation at lake and seaboard
norts, and in transit by rail and water.Feb. 14, '85, was as fallows
visible
Wheat,
bush.
6,192,021
In store at—
New York
Do
Oats,
bush,
bush.
669,057
349,754
42,000
44,000
5.000
542,266
253,901
125.000
345,000
131,383
51,491
173,994
11.700
22,000
114.269
2,434
98,822
17,431
afloitt (est.)
Albany
Buffalo
Chicago
Do
afloat
Newport News...
MUwiiukee
Daluth
Dj
Com,
l.!00
1.699,000
7,000
14,96)5.344
1,520,773
138.831
41,395
142.313
7.537
4.688.655
5.629 0»O
2.9.^9.624
93'^.939
Detroit
O8we)?o
8t. Louis
IdO.tKO
2.653.71)4
Cincliiiiuti(Feh7)
29,.'jOO
11.710
")..
209,"Slj
Plilladelpliia
250.155
713,514
Peoria
Indianapolis
Kansas City
Baltimore
85,100
514.936
696,329
Down Mississippi.
On rati
T.)t.Feb.
Tot, Feb.
Tot. Feb.
Tot. Feb.
Tot. Feb.
121,fi79
Rye
bush.
Itrl.fiOO
allo.it
Toledo
Boston
Torouto (Feb.
Montreal
Barley,
bush.
11. '85.
7. '85.
16. '84.
17. "SS.
18, '92.
7,43.-.
658,182
60,497
58.824
75.000
761.481
6,500
07,172
1,650
1,735
208.324
230.894
12.900
108,674
437,204
354.974
1,685,236
17.836
12,100
55.006
27.500
318.681
2,316
11.030
196.470
414.287
88,800
4,986
3,995
39.640
4G6.699
1,566
7.229
3-<,000
37.416
146.311
31). 120
2.500
4.422
(>
500
1,1S5
2.142
16,500
22'662
7.200
529
543
8,829
5i',456
Total,,
16,506
43,374,903 6.474,1212,674.633 1.624.336 484439
43.535.936 7,339.583 3,001.126 1,«66.!124 519.711
31,823,943 13,80.5.879 5,287.356 2.400.269 2.341.T45
21,974,108 11,140.170 4.098.420 l,8u0.507 1,600.129
17,800,5(14 17,215,248 2,811,383 2,544,944 1,145,309
THE DRY GOODS TRADE.
FRIDAY, P, M., February 20, 1883,
Domestic Woolen Goods.— The situation in the woolen
goods market has not materially changed. Spring clothing
woolens were in moderate request, but by no means active in
agents' hands, and some fair-sized orders were placed for
heavy woolens for future delivery. B,;avers and rough-faced
overcoatings were in fair request b3' clothiers, and considerable
was bestoived upon c^rt lin in-ikes of heavy wor.nted
suitings, and fancy cassimeres by the same class of buyers. Satinets were in irregular demand, and a small business was done
attention
Kentucky jeans and doeskins. Cloakings were more sought
were relatively few, because some agents are not yet ready to show new styles for
the coming season. Jersey cloths continued in good demand,
and there was a fair trade in tricots, ladies cloths and allwool and worsted dress goods. Flannels and blankets were
in limited request and steady, and there was a slightly imin
for by early buyers, but transactions
proved inquiry for carpets.
FOBEIGN Dry Goods were only in moderate demand at
Importations of Dry Gooda.
The importations of dry goods at thj^ port for the week
ending Feb. 19, 1885, and since January 1, and the same facta
for the
—
corresponding periods are as follows:
Ot
Isriil
MkX
g
£.
8
S
a
f
"3
o
S:
:
•
•
o
:!i 3
I
5"
1>3
travel
to Great Britain, 8-15 to Chili, 190 to China, 168 to Brazil, 110
to U. S. of Colombia, and smaller parcels to other destinations.
The tone of the market continued quiet, but agents'
prices were steadily maintained as a rule, and there was comparatively 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
make liberal deliveries of the latter in execution of back
orders.
Print cloths continued quiet and unchanged on the
basis of mc. less 1 per cent for 64x643, and 2%c. less 1 per
first
hands, and the jobbing trade was light and irregular. British
and Continental dress goods continued in fair request, but
silks ruled quiet, and a light busine3.s 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.
The movement in dry goods was comparatively light the
past week, owing mainly to severely cold weather, which
and transportation in many sections of the
interior.
Jobbers have thus far been unable to dispose of
their early purcliases, and there was consequently a meagro
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 therefore anticipated by the best posted merchants.
Domestic Cotton Goods.— The exports of domestic cotton
goods for the week aggregated 2,533 packages, including 1.02
Weduea
;
i
t |ri§rl
impeded
PriM
Transfershle .VotloBs— S»turi1;iy, 3'*); Muadar, S'lS; Tuesdar, 3'l)i
day. 815 Thursday. 315 Friday. 8-19.
6,903
22l..')90
nuL
Feb. 18,
15.751.999
Toul.
The
Feb.
8.nM0.-lol
Bbl:
.
Aug. 25
(0
Feb. 16.
Feb. 14.
Cn. Kingdom
ContlnODt
6 *C. Am...
West IndlM.
BriUCol'nlea
0th. oonntr'a
t884«.
18ta-i.
I8K4-S.
,1U«.
18845.
188S-4.
Aug. 89 to Aug. 87 to
March.
10^
- CO
o:
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03
OVttOiP-it^
MO
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©05
00 Ul
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.
THE CHRONICLE.
25
Ruction ^kUs,
^nxjst (S^onxpnnUB.
United States Trust Co.
STOCKS
OF NEW TORE,
No. 49 lVAI.Ii STREET.
Surplus,
Thia company
is
Is
At Auction.
SAI^S
lesral
Into court, and
receiver of estates.
TRUSTEES
No. 7
;
S.
H. niJELER Ji; SON,
PINE STREET. NEW YORK.
HENRY
611
AND
613
Mannfacturers and Dealers In
FINANCIAL INFORMATION
COTTON SAILDUCK
FOK
And all
kinds of
CANVAS, FELTING DUCK, CAB
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, Ac, "ONTARIO" SEAMLESS
Trust Co.,
BAGS, "AWNING STRIPES.
CHESTNUT STREET,
PHIIiADBLPHIA.
Also,
Authorized Capital
$1,000,000
Paid-up Capital
SOO.OOC
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
Company.
Burglar-Proof Safes to rent at §5 to ^0 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
MAHIjON S. stokes. Treasurer & Secretary.
D. R. PATTERSON. Trust Officer.
DiBKCTORS.—James Long, Alfred S. Gillett, Joseph
Wright, Dr. Charles P. Turner, William S. Price,
John T. Monroe, W. J, Nead, Thomas R. Patton, John
G. Reading, Jas. S. Martin. D. Hayes Agnew, M. D.
Jos. 1. Keefe. Robert Patterson, TheodorC. Engel,
Jacob Naylor, Thos. G. Hood. Edward L. Perkins,
Philadelphta; Samuel
Itiddle.
Glkx Riddle,
Pa.;
Dr. George W. Reiiy. Harkisbukq, Pa.; J. Simpson
Africa, Huntingdon; Henry S. Eckert. Reading;
Bdmund S. Doty. Mifflintown; W. W. H. Davis,
DOYLK8TOWN R. B. Monaghan, West Chester
Cbas. W. Cooper, Allkntown.
;
A full aapply, all Widths and Colors, always
No. 109 Doane Street.
BrownjWood&Kingman
SELLING AGENTS FOR
Geo. H. Gil ert Tflfg. Co.,
Arlington inills,
Freeman Mfg. Co.,
KenfrevF JTIfs. Co., Janie« Phillips, Jr.
Flteliburg Worsted Co.,
George Wbltney, Coutiuental mils,
lilucoln Mills.
EDMUND
TRUSTEES:
Joatah O. Low, E. P. Knowlton, H. E. Plerrepont,
Alex. M. White, John T. Martin, Henry K. Sheldon,
A. A. Low,
Wm. C, Kingsley. C. D. Wood.
Vrea. Cromwell, Wm. H. Male.
A',®€-,.^?C''^'
Mich 'IChauncey, John P. Rolfe, Henry Sanger
Wm. B. Kendall, E W. Corlles,
Ripley Ropes.
Jas. Ross CuniLiN. Secretary.
THE
( 58
vTTOT
wjiW vmjK](OKK.^35
(CHARTER PERPETUAL.)
«1,000,000
New York, Boston, Philadelphia,
BELLING AGENTS FOR LEADING BRANDS
DHUt,
&
Franklin
NEW YORK.
88
Ocean Mills
Co., Atlantic Cotton Mills,
Cblcopce Mfg. Co., Peabody Mills,
Saratoga Victory Mfg. Co.,
Ellerton New Mills, ^Vblte Mfg. Co.,
VncasvIUe Mfg. Co.,
Underwear and Hosiery Mills.
te™
TiinvaS HILT.HOnSB,
United States— Foreign Commerce, Trade
Balance, V. 8. Exports and Imports of
Leading Articles. London— Review of
year.
Bank Returns, Ac.
and Prices of Call Loans and
Commercial Paper since 1877.
Influences,
Gold and Silver-
Production, Consumption. Exports and Im
ports of Gold and Silver in the United
States and abroad.
CiRATZ
Ac
^^
1870-1884.
Investments and SpeculationCompound Interest Table, Showing Accumulations of Money in a Series of Years
Table Showing the Rate Per Cent Realized
on Securities Purchased at dilferent prices
(without regard to date of maturity.)
Stock Speculation In New York.
United States Debt and SecuritiesDebt of the United States, 1791-1884.
Prices of U. S. Bonds, 1860-1884.
State Debts and SecuritiesState Debts and Immimity from Prosecution
Prices of State Secmities, 1860-1884.
Railroads and their Securities—
RaiUoad Statistics of the United
RaUroad Earnings.
States.
Prices of Railroad Bonds, 1880-1884.
Price ol the Review, bound In cloth,
- Sil
OO
To Chronicle Subscribers (one copy oiily)l 00
Postase (when scut by Mall)
-
&
WIEEIAin B. DANA
PUBLISHERS,
.
.
.
10
t9
&:
81
TIES,
and
"
Dover
ESTABLISHED
SCCCESSOH TO
1
'
President
1855.
SEARS & COLE,
STATIONER AND PRINTER,
jgspp'les Banks, Bankers, Stock Brokers and Corcomplete outttte of Account Books
SSPsSIud''
HS^ Ne» oincems organliing
aers prompt^-erecuted.
No.
Ifork.
No
Water.
will
hare their
or-
STREET,
1 1f¥fL,l,IAm
(Hanover square.)
1*
USE
No
Brush.
THE
New York
Mills."
Eugrene R. Cole,
i
New
IiANE,
TORK.
IMPORTERS OF IRON TIES
I
Street,
CO.,
MAIDEN
brands of Jute Bagging,
"Eagle Mll!8,""Brooklyn Clty,""Georgla,""Cararna"'
'Nevlns. q,""Union Star." "Salem," •Ulortcon MllU,"
'.'Jersey Mills "
William
A.
Wheeler,
i.^?°te.'^9''.'^S*^o"t""'''>g
I
^^-
Commercial-
The New York Stock Market, 1880-1884.
Prices of RaUroad Stocks, 1880-1884.
BAGGING.
(FOR BALING COTTON.)
York.
or transfer agent, or trustee ;„r oorpm^
tlons and accept and execute any legal trusts
ftrm
coTorattMs on aa favorable ^viuim
°.?
a"
ua
Jfll'J".?
Otn«r similar companies.
Motley,
Chauncky Stkeet,
BOSTON.
RAGGINO AND IRON
President.
fiscal
&
15
St.,
NEW
-JRpolitan Trust Co.,
act aa
Ac.
London— Money Market and Bank Ketoms
for Export Trade.
AGENTS FOR
119
?aY*,?'^^Ji,r'?^^'j!-V'««-P™8Went.
ASA 8. WING, Vice-President and Actuary.
New
<tc.,
Joy, Lincoln
86
TORS TRUSTEES, GUARDlANfer ASSIGNEiCS
KKCEIVERS, AGKNtI: etc.,
lOT
^^^Ji^X'f^^^h
the faithful performance of which their capital and
(urplus fund furnish ample security.
All trust funds and Investments are kept
and apart from the assets of the company. separate
parties residing abroad carefully
w*«*iij
.1??.''i''"°l'*.''?
collected
and duly remitted.
St.,
Slieetings,
BuUard
returnable
'on demand, or on which interest is al lowed, and are empowered bylaw to act as E.\ECUTOItS, AUMINISTR A
Wall
*<J.
Towels, (lnUts,'Wblte Goods & Hosier;
IMPOBTEBS Of
$14,583,444 83.
INSURE LIVES, GRANT
CKIVK MONEY o* UEPOSIT,ANNUITIES, RB-
3;-,
Fabyan & Co.,
Bliss,
IRON COTTON TIES.
ASSETS
unis feuflulBg,
New York Cltr—Bank Returns,
Manufacturers' Agenta for the sale of Jute Baserlns
CAPITAL,
Designated as a IokhI l)eport?5§Hy'S«Co*
jtn
preme Court. Receive deposits of monCT nnlntoest'
United States— National Bank FiRnres and
Currency Movements.
The Money Market-
ST. LOUIS, Mo.
Third Mo.. 22d, lSe5.
SHIPLEY.
Banking and Financial-
& 60 Wortli Street, and
^ 37 Thomas Street.
WARREIV, JONES
Provident Life & Trust Co
OF PHILADELPHIA.
Incorporated
R.
Retrospect of 1884.
Mercantile Fallnres.
BOSTON, 31 Bedford Street.
PRINTS, DENIMS, TICKS, DUCKS,
&
Clinton st«., Brooklyn, N. Y.
TUB Company Is authorized by apeclal charter to
act aa receiver, trustee, guardiaii, executor or administrator.
It can act as uRent in the sale or management of
real estate, collect Interest or dividends, receive
registry and transfer boolcs, or make purchase and
ale of Government and other securities.
Religious and charitable institutions, and persona
unaccustomed to the transaction of business, will
And thia Company a safe and convenient depository
tor money.
HIPLKY ROPES, President.
W. CORLIKS, Vice-Pres't.
SAM'L
Investors.
CONTENTS:
CO.
in stock
BROTTN & BLEACHED SHIRTINGS Foreign ExchangeMarket and Prices in New York,
AND SHEETINGS,
The Brooklyn Trust Co.
;
Bankers,
Stock Brokers,
Merchants,
Agents
UNITED STATES BUNTING
;
Cor. 0* Montague
A YEAR BOOK
Co.,
COTTON
The Union
ISS 5.
OP
&
Wm
(ANNUAL.)
Turner
Brinckerhoff,
B. Chittenden,
John H.Khoadei
James, Anson P. Stokes,
Phelps,
CharlQB E. BUI,
D. Willis
Robt. B. Mintum
Wilson G. Hunt, John J, Astor,
H. Macy,
John A. Stewart, Geo. H. Warren.
Clinton Gilbert, S.M.Buckingham George Bliss,
Daniel D. Lord, H. E. Lawrence, William Libbey,
George T. Adee, Isaac N. Phelps, John C. Brown,
Bomuel Sloan,
Era«5tu8 Corning, Edward Cooper.
W. Bayard Cuttin
L. THOKNELL, ecretary.
LOUIS G. HAMPTON. Assistant Secretary
Financial Review.
WEDNK8DAT8 AND SATURDAYS,
Kxecutors, administrators, or trustees of estates,
Dan. H. Arnold, James Low,
THE
ADRIAN
and females unaccustomed to the transaction of busiesB, as well as reliffious and benevolent institutions,
will find this company a convenient depository for
money.
JOHN A. STEWAKT, President.
WILLIAM H. MACY, Vice-President.
JAMBS 8. CLARK, Second Vice-Prea*i
Thomas Slocomb, W. W.
of all classes of
OH
INTKKEST ALLOWED ON DEPOSITS,
Which may be made at any time, and withdrawn aftei
flTe days' notice, and will be entitled to interest foi
the whole time they may remain with the company.
[NOW READY.]
REGULAR AUCTION
STOCKS AND BONDS
depository for moneya paid
authorized to act as guardian or
a
"Mublic^tians,
BONDS
and
The Undersigned hold
$2,000,000
3,541,608
Gapttal,
[Vol, XL.
New
Moist Letter Copyingr Book
MANCJFACTCRKD BY
Ifork Stationery ic Envelope C«.,
No. 62 JOHN STREET, NEW YORK.
OFFICE
CARPETS.
Before buying your Carpets, Linoleum, Oil
Mattings, call at BENDAI>I.»S
Cloths or
Carpet Store, 114 Fulton
St.,
Cheapest place in the city.
veuieut to call, send for samples.
floor.
basement
If
not oon-
Fkbruary
THE CHRONICLE
81, 1886.J
The United
OFnCE OF THE
ATLANTIC
IN
(ORUANIXKD IN
a P. FKALKioa,8ec'r. A. WHEELWBIOIIT, Au'tStr.
UEO.
All the
proDts belong to the polior-holilers ez-
The Trusteea, In coiiformlty to the Charter of
the Company, aubuilt the foUowln); Statement
of lt« aftalrs on the 3l8t Ueoembor, 1884:
rremiums on Marine Risks from
iBt January, 1884, to 3Ut De$3,988,089 44
cember, 1884
Premiums on Polloies not marked
1,447,756 70
offlBt January, 1884
$5,405,796 14
from 1st
henceforth lasaed are IncontMtable
for any cjiiiae lifter throe your*.
latlifaotorr
Death Claim* paid at once lu toon
proofs are received iit tho Home OfBoe.
Abaolate security, ciinihlned with the laivest liberality, assures the populiirlty anil suooess oi this Co.
All form of Tuntlne roilde* Issued.
GOOD AGENTS, desiring to represent the Com>
pany, are Invited to address J. 8. GAFFNBV,
Superintendent of Aiiencles. at Home Office.
u
CoHPAUiaoN or bdsiksss.
Pftym'ts to Pollcy-holdors
for Death Claims, Endowments, Annuities, Surrenders and Dividends
»47B,083 98
Losses paid during; the same
$2,109,919 20
period
57
&
Seeurltles
*212,.')90
of N ew Vork City Banks.
and other Slocks and Bonds, Loans
and Cash In Hanks
.
. .
Notes, Cash Premiums, He-Insurance and otaer Claims
Total Assets, January
440,000 00
1.
the Issue of 1880 will be redeemed and
the holders thereof, or their legal representatives, OH and after Tuesday, the Third of February next, from which date all Interest thereon
will cease. The certlUoateg to be prodaoed at
the time of payment and canceled.
W. IKVINGCOMEM, President.
Uen-bt D. King, See. w.\inwbight ILvrdie, V.P.
t^~ This Company Issues Cortlfleates of Insurance,
losses payable in
LONDON, at
BROWN, SUIPLKV & CO.
A DrVTDEND OF FORTY PER CENT
Is
INSURANCE
F. S.
its
CO.
OF
Bankers, Messrs
President.
IS8VES BYERT DESOSfPTIOX OF
LIFE& END
WMENT POLICIES
Rates Lower than other Companies.
ORGANIZED APRIL
14, 1842.
Edmund W.
Corlles,
Adolphe Lemoyne,
Robt. B. Mintum,
Charles H. Marshall,
William Bryoe,
John Elliott,
James G. De Forest,
Charles D. Leverlch,
B. Coddington,
Thomas
Horace K.Thurber,
William Degroot,
John L. Rlker,
N. Denton Smith,
George BUss,
Henry E. Hawley,
Wmiam D. Morgan,
Isaac Bell.
JOHN D. JONES, President,
CHARLES DENNIS, Vice-President
W. H. H. MOORE, 2d Vice-President.
RAVEN, 3d
C.
Hopkins. Lucius Hopkims Bmitx.
CHAHLEa D. MILLKR.
COTTON
No. 134
Vioe-Precident.
PEARI< STREET,
NEW YORK.
Obdebb roB FcrruRB Contbacts BzitocmD nr
New Yobk and LirERPOOt.
Alexander
&
Cargill,
COTTON BROKERS,
COTTC
SPINNERS and EXPOBTBBS.
Entire attention given to purchase of
TO ORDER
for
COBRE3PONDENCE SOLICITED.
Repehences.— National Bank of Augusta, Oa
Henry Hentz A Co., Commission Merchants, New
York William B. Dana A Ca, Proprietors CoMMBBCIAL & Financial Chronicle, and other New York
;
Wabben Kwen,
John M. JSwms.
Jb.
Ewen
Brothers,
COTTON BROKERS,
Nob. 31
&
33 Broad Street,
NEW
Mtnmships,
YOBK.
John C. Graham
&
Co.,
osriiY
BANKERS
AND
Direct Line to France.
COTTON COMMISSION MERCHANTS
No. 18 uruilam Street, New Tork.
Retweeu
T R V 8 T E E S't
A. A.
NEWr VORK.
COMMISSION MERCHANTS
$103,876,178 51
Aflsets,
GENERAL TRANSATLANTIC
William H. Maoy,
e. A. Hand,
John D. Hewlett,
William H. Webb,
Charles P. Bardett.-
Co.,
AUGUSTA, OEORGIA.
NEW YORK.
WINSTON,
the Board,
H. OHAPHIAN, Secretary.
Horace- Gray,
William E. Dodge,
&
Houses.
declared on the net earned premiums of the
Company, for the year ending Slst December,
1884, for which certificates will be issued on
and after Tuesday, the Fifth of May next.
Sturgls,
QU8TAYD8
87,563 31
*74.3,961 70
1888
MUTUAL LIFE
of
paid to
Wm.
A Co., New Orleans.
Special attention given to the purchase and sale of
i^tore Contracts.
347,182 46
on the outstand-
THE OUTSTANDING CERTIFICATES
Benjamin H. Field,
Joslah O. Low,
00
THE
nd
A. A. Raven,
Buck
No. 61 stone Street,
86,636 00
$12,938,289 38
ing certificates of profits will be paid to the holders thereof, or their legal representatives, on
after Tuesday, the Third of February next.
James Low,
David Lane,
Gordon W. Bumham,
II.
Robert Tannahill
City
261,544 65
D. Jones,
Charles Dennis,
W. H. H. Moore,
Liverpool.
Messrs. Bamnel
INSURANCE COMPANY,
WILLIAM .STREET, NEW YORK.
HnltedS atc»
1,454,959 73
J.
an«
CURUE8PUNI>KNT8
Messrs. Smith, Edwards A Co., Cotton Broken
59
Bank Stocks
2,005,100 00
ceivable
Amount
tbeNBW YORK PRODL'CK KXCIIANOB
the CUICAUO BOARD OK TRADB.
at
Premium
OaahlnBank
J,
INI.AND INSURANCE
ASSETS.
$8,776,685 00
otherwise
Real Estate and Claims due the
Company, estimated at
Premium Notes and Bills Re-
By order of
Decem-
NONE.
viz.:
Loans secured by Stocks aud
PER CENT INTEREST
.I»,6e4,311 00 I«,I11.488 00
Deo. 81, '82. Dec. 81, '»».
Interest due and unpaid on Total Assets,
$787,789 40
The Company has the following Assets,
United States and State of New
York Stock, Olty, Bank and
BIX
.
and
ORAHV AND PROVIMOIVI
Cotton Commission Merchants,
$17,167,106 00 $19,7eo,884 00
MARINE AND
at the
COMMEROllL MUTUAL Hopkins, Dwight & Co.,
Returns of Premiums and Expenses
other Stocks
.
COTTON
COFFEE
NEW YORK COrFKB EXCHANOB,
attheNBW YORK, I.IVKRPOOI, AND NBW OSLBAN8 COTrON EXCUANUBS, Alaoortcra for
»<»fl,I49l8
lSlil882. 1883*1881.
.
Insurance In force
beriSl, 1884,
•
1884.
1888.
New Insurance Written
January, 1884, to Slst Decem$4,036,271 04
ber, 1884
Co.,
8 Sontb William St., New York.
BXBCUTK OUI>KI{.H KOK FUTURB DKLITKBT
BuitroHi), Aotoarr.
clufllTely.
All I'dllclea
NEW YORK, January 24, 1885.
off
II.
&
COMMISSION MERCHANTS
IHOO.)
Itroadway, New York.
BRORNAN. PretMent.
& 20S
T. n.
Mutual Insurance Co.,
Henry Hentz
States Life
Insurance Co.
THE CITY OF NEW YORK,
801, 802
Premiums marked
^tttton.
Ittgttrattct.
%viBUvmice,
Total Marine Premiums
Til
NEW YORK
uid
8ELMA. ALA.! MONTGOMBBY, ALA.
CO.
HAVRl
From Pier (new) 42, North River, foot of Morton St
Travelers by this linearold both transit by KhkHsI
railway and the discomforts of crossing the Channe
In a small boat.
AMKIIIQUK, Santolll
Wed., Feb. 85, 2 P. M.
ST. GKK.MAIN, Tniuh
Wed., Mar. 4. 8 A. M.
Buyers of Cotton for a Commission. Orders for B>
tnre Contracts executed In New York and Liverpool
WALTER &KROHN,
COTTON BROKERS,
CANADA,
deKersablec
Wed.. .Mar. U, 1 P.M.
Pkick ov PASSAOEIlnclodIng wine):— To HavreFirst cabin, $100 and $80 second cabin, $60: steerage, $'.20— IncludlnK wine, bedding and utensils. Return tickets at very reduced rates. Checkson Banque
Transatlantlque, Havre and Pari.sin amounts to suit.
;
Special Train
flroni
Havre
to Paris
The Compaenle Oeneralo Transatlantlque delivers
at Its office In New York special train tickets from
Havre to Paris. Baxgatfe checked through to Paris
63
& Co.,
Wenman
J ames F.
COTTON BROKERS,
F.
Bowllns Green.
38
Solo By ALL DEALER SThrouchoutThe
WO R LD
GOLD MEDALPARIS EXP0SITION-I87B.
N. V.
Established (in Tontine Bntldlna) 1840.
LOUIS DE BEBIAN, Asent,
JOSEPH GILLOTTS
STEEL PENS
PBA^l. STREET,
No. 113
without examination ar Havre, provided passengers
have the same delivered at the Company's dock In
New York, Pier 4*2 North Klver, foot of Morton St.,
at least two hours before the dep:irturo of a steamer.
No, G
BEAVER STREET, NEV^ VORK.
Hoffmann,
COTTON BROKER AND AGENT
RUE DE I.A BOURSE, HAVRE.
Dennis Perkins
&
Co.,
COTTON BROKEEfl,
13S Pearl Street,
New York.
Orders for Spot Cotton and Pntares
•ssontod.
prompUj
:
THE CHRONICLE!
vm
Rattan,
®0ttOU.
Woodward &
[February
ptiSjCjeIIatic0ws.
INM\N,SWANN&Co
NEW YORK.
LOANS MADB ON ACCtCPTABLB SECURITIES.
Oath Advances Made on Consignments.
Personal attention given at the EXCHANGES to
the purchase and sale of STOCKS and BONDS for
cash or on margin,
DEPOSITS KECEIVBD— subject to check at sight
BFIOIAIi
—with
Mew
MEMPHIS, XENN.
Fielding & Gwynn,
195 Broadway, New York City.
Company Isl Day of Jan., 188-5.
CASH CAPITAL
$1,000,000 00
Office,
G. E. Staenglen,
statement of
NEW
NEW
rORK,
ORLEANS,
Reserve for unearned premiums
Reserve for unpaid losses
Netsurpius
COTTOS COMPANY OF STUTTGART.
Autliorlzed Capital, R.
COMMISSION MEECHANTS, G.
M. 20,000,000.
&
Rountree
rORK.
Co.,
iherchaivts,
OLD SLIP,
12
IfHW YORK,
AND NORFOIiK,
VA.
BT* Special attention Klven to the execution of orders for the purchase and sale of Cotton, Grain, and
ProTisiODS for future delivery. Orders also executed
on the
New York Petroleum Exchange and
Board.
Liberal advances
HOME
Stock
New
Cotton Brokers
&
Co.,
Commission Merchants
NORFOI.K, VA.
Liberal advances made on Cotton consignments.
Special attention given to the sale of cotton to
arrive or in transit for both f oreigh and domestic
markets.
Correspondence
solicitea.
&
Gwathmey
Bless,
COnailSSION MERCHANTS,
No. 123 PEARL ST., NEW YOBK.
Orders for future delivery of Cotton executed In
also for Grain and Pro-
New York and Liverpool
Tlslons In New York.
& Wakefield,
COTTON
And General Commission
St.,
Mercliants,
New York.
Liberal advances made on cotton consignments.
Sperta attention given to orders for contracts for
fntnre delivery of cotton.
Henry M. Taber& Co.,
141
PBARI.
Up-town
Chuech Street,
Neir York.
Orders executed at the Cotton Exchanges In New
York and
office. No. 204
Liverpool, and advances made on Cotton
and other produce consigned to us, or to our correspondents in Liverpool, Messrs. B. Newgass & Co.,
and Messrs. L. Rosenheim & Sons.
Wm. Mohr.
H. W. HANBMANN.
ST.,
NEW YORK.
133 PEARI. ST., 186
New
Advances made on Consignments of Cotton. Conforluture Delivery of Cotton bought
and
"""bi". iuu
sold on commisalon.
[
CWSBY &
CO.,
COTTON BUYERS,
MONTGOMERY, AI,A.
PPBCHABE ONLY ON OHDEBB FOR A COMMISSION
Farrar
18a PEARI.
&
Jones,
STREET,
NEW YORK.
a,^!T'''.i'*''.?'"^'j°"''« 0° Cotton consignments
'"<'«" for contracts fo,
fft^dt^flSrtoften'."
EtJRE,
FARRAR
dc
CO.,
NORFOLK, VA.
Geo. Copeland
&
STREET,
Orleans, La.
1, 1885
nnpald losses
and re-insurance fund
$9,013,517 40
Liabilities for
2,049,026 85
4,000,000 00
Capital
NET 8UEPLU8
$3,964,490 5S
No. 2 Cortland*
St.,
New
York.
JAS. A. AI.EXANDER, Agent.
NEW YORK,
North
&
British
Mercantile
Co.
Ins.
OF
Special Attention Given to the Execution
of
ORDERS rOH FUTURE CONTRACTS.
BABCOCK&CO.
B. F.
COMMISSION MERCHANTS,
17 Water Street, I.IVERPOOI.,
SAM'L D. BABCOCK,
32 Nassau Street, New York.
Fellowes & Tileston,
COTTON, STOCKS, BONDS, &c.,
STKEKT, NEW YORK.
^In WILLIAM
^
^
" t utures" executed atN. Y. Cotton Bxoh.
Orders
&
Waldron
LONDON AND EDINRVROH.
S. Branch Statement
Invested and Cash Fire Assets
U.
Jan.
1,
1885.
$3,301,747 61
LIABILITIES
Reserve for Unearned Premiums
Reserve for Unpaid Losses
Other Liabilities
Net Surplus
$1,153,063 85
179.379 97
44,748 42
1,9^4,55.5
87
$3,801,747 61
Losses paid In U. S. in 18 years .S15,'ilO,33'.2 00
U. S. Branch OI'Iice. 54 Willi ui St., N. Y.
CHAS. E. WHITE, SAM. P. BLAGDEN,
.
Managers.
JAS. F.
DUDLEY,
Supt. of Agencies.
Tainter,
COTTON HERCHANTS,
»T
PEAR
I.
STRKKT.
DIAMOND HAMS.
S.
DAT IS,
Jr., Cincinnati.
FORTY-FOURTH YEAR.
Co.,
COTTON BROKERS,
184 PEARI,
OF HARTFORD.
Assets January
6RAVIERST.,
New
Yoik.
tracts
H.
fcl
$7,895,090 66
Company
Insurance
Mohr, Hanemann& Co.,
Repeive consignments of Cotton and other Produce
and execute orders at the Kxchanges in Liverpool
Kepresented in New York at the office of
COTTQIV.
JOMN
1886
vETNA
AND
COMMISSION MERCHANTS,
EXCHANGB PLACE.
1,
CHAS. J. MARTIN, President.
J. H. WASHRURN, Secretary*
LEHMAN BRO'S,
Cotton Factors
UEUBKBS OF TBE COTTOtf, OOFFEM AND
PRODUCE MX0HAN0E8.
1,141,786
Cash Assets, Jan.
;
Tuttle
84 Beaver
Co.,
Montgomery, Ala.
Orleans, La.
No. 40
&
Insurance Company
Net Surplus
Lehman, Abraham & Co., Lehman, Dukb &
made on consignments.
Fergus Reid.
Reid
Co.,
WARE & SCHROEDER.
OF NEWT YORK.
COTTON COMMISSION MERCHANTS,
OFFICE 119 BROADWAY.
POST B(;iI.DING,
CASH CAPITAL
$3,000,000 00
Reserve for Unearned Premiums
2,847,565 00
16 & 18 Excliange Place, New York. Reserve for Unpaid Losses and Claims. 4 i6,7B8 6t
Thko. H. Pkice,
Late of Eure, Farrar & Price.
Price,
R.
Susoessors to
conaiissioiv
NO.
&
Schroeder
$4,842,430 2S
CROW^EI.1., President.
CKOWELL, Vice-President.
PHILANDER SHAW, Secretary.
WM. CHARTERS, Assistant Secretary.
FRANCIS P. BURKE, Sec'y Local Dep't.
WM.
Pald-Up Capital, R. M. 6,000,000.
NEW
287,827 87
640,991 18
STEPHEN
AND
Post Bcildinq,
2,300,986 97
AGENT FOR
COTTON FACTORS
16 and. 18 Excbange Place,
upon balances.
Phenix Insurance Co.
OF BROOKLYN,
von Gundell & Mayhoft,
COTTOSf BROKERS,
Cii;NDEI.l7~<fc IHAYHOFF
COTTON BUYERS,
interest
Special attention paid to INVESTMENTS and
accounts of COUNTRY BANKERS.
York.
COTTON, ALL GRADES, SUITABLE TO WANTS
OF SPINNERS,
0FFBB8D ON TBBM8 TO SPlT.
CHABLBS MAYHOFF.
A. C. VON GUNDELL.
& 4 STONE STREET, NEW YOBK.
Sons,
BANKERS,
14 NASSAU STREET, NEYY YOBK.
BRANCH OrriOE8{.i3g ^h^-etst.Te'^lia^-in
CCrTON MERCHANTS,
AmSTION TO 0BDEB8 FOR CONTHAOTS
roB Fdtcbe Dblitiry of Cotton.
P. Batch.
Arthur M. Hateh.
W. T. Hatch &
MERCHANTS,
VON
Benry
Walter T. Batch.
Nath'l W. T. Haieh.
Stillman,
Post Building, 16 & 18 Excliauge Place
Nob. 2
21, 1885.
The Centennial Commission In 1876 reported an
award to these Hams. •• Iflrst, the excellent flavor
or the moat."
second, its Kood keeping quality,
domonstated by the perfect freshness of hams
cured in 1873." Sold by Provision Dealers and Leading Grocers.
LJnion Ins. Go.
(Of
LONDON^
ALFRED
PELL,.
Besident ^lanagtr.
Cor. Ptne
& IVilliam Sis
@FedFRASER