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W xtmtlt
uiiiiiittrf^i
AND
HUNT'S MERCHANTS' MAGAZINE,
THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED
"ffiPRESENTINO
VOL.
NEW
42.
YORK, FEBRUARY
g^iuaucial.
27,
DIAMONDS.
78 TO 86 TRINITY PLACE,
YORK.
Alfred H. Smith
BuAtnr«« Fouadcd 1795.
iiii'Irr
l«wa of St.tp of N.w
BONDS, POSTAGE & REVENUE STAMPS,
LEGAL TENDER AND NATIONAL BANK
NOTES of the UNITED STATES; and for
BANKERS AND BROKERS,
Co.,
188 Broadwaj, Cor. John Street.
SrECI.lI. SltKIII AHIIS to PRKVtNT ( (HyrKBFEITI.VG.
SfM^i&l i>a|M-nH luitniirarl iiri-tl fxHuiti.elj' for
U.C of Iho Coniiuijr.
SAFETY COLORS.
Work Executed
SAFETY PAPERS.
GORHAM MTg
Co.,
SILTERSMITIIS,
BROADWAY AND NINETEENTH
AND
MAIDEN LANE.
9
VUF.-l'RESIllENTS
:
W. M. SMILLIE,
STAYNER, Treu.
THEO.
Aba
p.
Pottkb,
Proi't.
J.
H.
FREELAND.
W. WORK,
Secty.
Cashier*
Maverick National Bank,
BOSTOIV.
CAPITAL,
SVRPIiUS,
••...... 9400,000
400,000
Accounts of Banks and Bankers sotictted.
Collections made upon favorable terms.
QoTernment Bonds bought and sold
Co.,
Bros.
B ANKBRS,
raiLWAVKEE, WIS.
COLLECTIONS made
at lowest rates.
others solicited.
&
BANKERS AND BROKERS,
Bought and Sold on Commission.
WM.
C.
;
Members N.
Y. and Philadelphia Stock Exchanges.
78
BANKERS AND BROKERS,
80 Broadwar, New York.
Sell
Cable Tnirsfers on the Union
nembera New York Stock Exchange.
TINKER
& WESTOnr,
BANKERS AND BROKERS,
3
EXCHANOB COURT,
New York.
Hesht C. Tinker. Member N. Y.
Remmelaeb Wistom.
Stock Bxch.
STOCK BROKER.
Lansdale Boardman,
HBW YORK, SO BROADWAY & 5 NEW ST.
TROY,
N. Y., No. 17 FIRST STREET.
8to«k Bxch le membership) private wirei
all
faelliUea
Jos. C.
FaANK
WALCOTT,
F.
I
S. Ives
&
Co.,
NASSAU
P. O.
ST.,
BOX
NEUT YORK.
1,432.
Tranaaot a general banking business, inoludlng the
purchase and sate of securities listed at the New
York Stock Exchange, or In the open market.
Receive deposits subject to check at sight and
allow Interest on daily balances.
Qovemment, State. County, City and Railroad
bonds constantly on hand for sale or exchange, and
particular attention given to the subject of invest
for Institutions and trust tviuta.
ments
Stock Exchange.
crdokb oakut.
matnahd c. etbe.
Henry H. Dodob, Washington. D. C.
Wm. R. TRATERa, Special Partner.
James Whitklt,
Prince
B.
&
Whitely,
No. «4 BROADWAY, NEVF YORK.
IW Fifth Ave., New York.
T.„
„™. r,...^.=
OFFICES 539
BRANCH
igth St.. Washington, D. O.
J
i
on commission ail classes of Railroad
Securities; also Grain and Provisions,
Private Telegraph wires to Philadelphia, WUmln^
ton, Baltimore, Washington, Brldceport, New Havsn,
Boston and Pittsburg.
Buy and
Noa. 33
sell
&
&
Janney,
BANKERS,
35 Naaaau St.,
New York.
Receive deposit* aud consignments of Bullion.
Deal in Investment Securities and Foreign Kichange and invite correspondence.
Particular attention given to luXormatlon regarding
Investment Securities.
Wm. V. CAROLIH,
Member N. Y.
BANKERS,
No. 9S
Members of the New York
Dickinson, {
Chrystie
Investment BeourlUes.
New York. Baltimore and other places
Henry
Stocks and Bonds tor Investment or
on Margin.
Correspondence Solicited
No.
and Gh«stnai 8U*,
Deposits received subject to check at slffht, and
laterest allowed on dally balaoces.
Stocks, Bonds, Jtc, bouKht and sold on commission
In Philadelphia and other cities.
PartlGuJar attention Kiven to Information regarding
Bank of London.
Bar and
Co.,
PHlKiADELPHIA.
Jc
BUU of Exchange and
&
BANKBRS
Cor. Third
Private wire to
& Kellogg,
Office, 330 Broadwaj,
Connected by Private Wire.
Branch
.
H. Taylor
L.
FLOTOJoNEg.
WILLIAM ROBISON
Members New York Stock Exchange.
Andrews, Adams
Stocks and Bonds bought and sold on Commission,
Orders received in Mining Stocks, and in Unlisted
RGrEK TO—
Merchants* National Bank and Bank of North AmerMerchants' National, Chicago; Mavica, New York
Robison,
No. 3 Exchange Conrt, New York.
Blocks, Bonds and V. S. QoTemment Secnritles
any part of the country
Accounts of Banks. Merchants and
In
erick National, Bustun.
S* !¥•
Floyd- Jones
Co.,
made and loans negotiated.
Dividends and IntereHt collected.
Deposits received subject to Draft,
Interest allowed. Investment securities a speolalty.
We Issue a Financial Iteport weekly.
&
Houghton
SHEPARD,
TOURO ROBERTSON.
A. D.
S. H.
&
C. Walcott
J.
Securities. Collections
t»how Curd*, LubelH, Culendars.
MACDONOUGH,
sell invest-
BANKERS AND BROKERS,
No. 24 Pine Street, Neir York.
ST. Transact a General Banking Bnsinegg.
KAU.WAV TICKETS OF IMPKOVEO STYLES.
1.
Buy and
scciiri ties
AnsTiN G. Gorham.
Chas. W. Turner,
Chas C. Noble.
Memlwr N. Y. Stock Exob.
PRINTINO.
BLANK BOOKS OF EVERY DESCRIPTION.
ALBERT G. GOODALL, President.
(or cash or on inargin.
on commission only. Interest
allowed on deposit, subject to obeck at sight.
In Fireproof ISnlldlnK*.
UWOORAPHIC ANO T/FE
New York
Transact a general banking basioess, Includ-
ment
•
DRAFTS, «1IK(KS, RILL!< «P EXCHANCE,
ftTAXPS A'4^.. In the flneitt and most srtlBtlo stjle
FKOM STEEL PLATES,
St.,
ing the purchase and sale of storks and bonda
Foreign Governments.
ENGRAVING AND PRINTING,
BANK NOTKS, SHAKE CEUTIFICATES, BONDS
roK tOVKK.VMKNTS A>'I> COUlM>KATI<»'8,
Building, 35 Wall
inills
&
IMPORTERS,
Yftrk. 1S58,
Kcornanlzed 1H79.
Engravkks and Printers of
mtk
& Co.,
Gorham, Turner
Bank Note Company,
lM«fporft(.(l
1,079.
financial.
'ginnncivil.
AMERICAN
NEW
NO.
1886.
STAl-ES-
CHARLES
F.
Cox
Stock Exchange.
Carolin
&
Cox,
Bankera & Conumlaalon Stock Broker*
No. 56 BROADWAY.
Branch Offlcc,315 Madison Av., cor. 42dSt., New York
Deposits received subject to check at sight, and
Interest allowed on dally balances. All Stocks and
Securities dealt In at the New York Stock Exchange
bought and sold on Commission, for Cash or ilpoa
Margin.
Simon Borg
No. IT
NASSAU
DEALERS
IN
ST.,
&
Co.,
NBW YORK.
ALL KINDS OF
Railroad and InTestmcnt Securitlefc
RmM
& Floyd,
SODTUEBM
STOCK BROKERS, "RTlVWilson & Co.,
BROAD STREET, NEW YORK.
BtERCHANTS
Walsh
No. 26
NlooU. FU) TD, JB
W. WAun, JR.,
IIMember N. Y. Stock Bxchaiit»
J AHB8
BBCC
A 8PEC1ALTT.
BANKERS AND COMMISSION
3 Kxchange Court, Neir York.
THE^ 'CHRONICLE.
ii
f^ovtign %xcTx}xnQt.
'gox&im %xchVLnat,
&
Morgan
Drexel,
Cor. of Bth
& Chestnut Sts.
31 BouleTard
&
lori o\m.
M. de Rothschild, Esq., Vienna.
AND THEIR CORRESPONDENTS.
S.
DOMESTIC AtfD FOREIGN BANKERS.
Draw
Securities
Deposits received subject to Draft.
bouijot and sold on commission. Interest allowed on
Deposits. Foreign Exchange. Commercial Credits.
Circular Letters for Travelers,
Cable Transfers.
available in all parts of the world.
fers to,
Brothers
Phila.
NEW TOKK.
AND
ALEXANDER BROW^N
&
No. 23
SONS
BALTIMORE.
Bay and Sell Bills of Exchange
ON GREAT BRITAIN AND IRELAND, FRANCE
aKBMANY, BKLGIUM, HOLLAND, SWITZBRLAND, NORWAY, DENMARK,
SWEDEN AND AUSTRALIA.
«ae Commercial &. Travelers' Credits
IN STEBLIXO.
drawn
Canada,
the L nited States on
foreign countries
and their London house. Messrs. B ROWN, SHIPLEY
ft CO., receive accounts of American banks, flrms
and individuals, upon favorable terms.
^
in
Stuart
J*
&
sold.
DRAW ON
THE UNION BANK OP LONDON
BRITISH LINEN CO. BANK, LONDON AND
EXCHANGE ON
niTH, PATNE & SniTH'S,
••LIMITED,"
MANCHESTER, PAYABLE IN LONDON;
I7I.STBB BANKING COMPANY,
23
&
24 Exebange Place,
New York.
NATIONAL BANK OF SCOTLAND,
bills of exchange, letters of credit,
EDINBURGH AND BRANCHES;
telegraphic transfers of money
ALSO,
ON MEXICO, CCBA,
CABLE TRANSFERS AND LETTERS OF CREDIT.
Kennedy Tod.
H. O. NORTHCOTE.
J.
John Munroe
&
Co.,
No. 32 Nassau Street, New Yolk.
No. 4 Post Office Square, Boston.
Issue Circular Letters of Credit forTrave.
Abroad against Cash or Satisfactory
Guaranty of Re-payment,
r»'
J.
No. 63
Cbedits Opened and Payments
Made bt Cable.
Paris Bonse— nillNROE &. CO.
&
Schulz
N. Y. Stock Kxch'ge.
Memh,^TPht<»Rffo stnpk KrchV*
John uoward Latham.
J.
'
New York
Stock Exchange.
No. S irA!.!.
c
securities dealt In at the
New York
sSjck
Canadian Bank of Coinmcrce.
16.000,000.
SdkplcS,
B. E.
&
Co.,
FOREIGN BANKERS,
Nassau Street, New York,
BARING BROS. & CO., London
COnmERCIAI. CREDITS,
Messrs.
DiALEKg IN Foreign Eichanok, Government
„ AND other Investment Konds.
LOANS A .SPECIALTY.
..^^a^'J^^
54 Wall
St. and 63 Greene St..
Y.
Buy and sell on commissloo, lor iDvestoientN.
or on
12,100,000
eOADBT &
WALKER,
JOIXT AGENTS,
EXCHANGE PLACE, NEW YORK
«
BUT AND S'l-i^S^/.^iNO «^CHANGE, CABLE
.B8C. COMMERC.M, OR KOITS^ AVAILABLE
NEW YORK.
STREET,
Colambls
Bonds and Foreign Exchange.
&
Howard Laps ley
Co.,
BANKERS AND BROKERS,
No. 1 1 tr ALI. ST.,)
<««w York.
PRIVATB WIRB TO BOSTON.
(Uortlmer Building.)
CAL.OU'EL.L,.
[
J
ATTORNEYS AND AGENTS OF
'
Co.,
City, ConntT, State, Railroad, District of
WAMHBURN A
TOWIVSEKD,
No.
TTALI.
3
Circular Credits for Travelers.
Cable Transfers and Rills or Excranoe on
Great Britain and thb Continent.
KOVNTZE BKOTUERS,
BANKERS,
120 Broadway, Equitable
iiiminR,
New York
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,
lelegraphlc transfers made to London and to various
places in the United States. Deposits received subject to check at sight, and Interest allowed on balances. Government and other bonda and Investment
securities bou(ht and sold on oommiBalon.
STREET.
Transact a general Banking Business, Including the
Purchase and Sale of all Srcurities dealt In at the
New Vork ^tock h-xchange
Interest allowed on deposits subject to sight draft
C. B.
Caldwell.
Chas.
.1.
Lansing
T(>WNSli!NT>
113 Devonshire Street, Boston.
Unger & Co.,
bankers and BROKERS
&
H. Latham
BANKERS AND BROKERS,
1
Chas.
Frederick W. Pibrt
UNITED BANK BUILDING,
street, nett york
Commerotal and Travelers' Credits.
».„
BUlB of Exchan«e.
Cable Transfers.
t. H.
Member
Exchange on
nessm. niarcnard, Krauss Sc Co., Parts
CAPITAL,
Correspondence Solicited.
Quotations cheerfully fumlghed
w. Alsx. Bass, Jr.
,. Wm. H. Rolston.
MELVILIjF, EVANS Jk CO., , n»,n«i«
LONDON.
HAMBRO iV SON,
Hamburg,
all
BROAD STREET, NEW YORK.
STOCKS, BONDS
AND IIIISCEI.L,ANEOi;s SGCVRITIBS
No. 20
OITer investment Securities.
Kidder, Peabody
marvin,
Co.,
Bny 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
NASSAU 8TREBT,
NEW YORK
Correspondence Solicited.
International Bank of London
(LInUted), Loudon.
nessrs. John Berenberg, Uossler & Co.
of the
&
WILLIAM STREET,
C. J.
FRBD. A. B&OWN.
Brown.
P.
Walston H. Brown & Bros
BANKERS,
Alexander Barino
Member N. y. Stock Ezch'ge
Act as Agents for Banks, Bankers and Railroad
Companies.
Issue commercial credits, also foreign and domestic
travelers' letters of credit in pounds sterling A dollars.
Ruckgaber,
correspondents of the
Members
WAIATON H. BROWN.
HsRBKRT
BANKERS.
BANE BR8,
a» iriLLiAm
Interest allowed on balances. A Htrictly CoamiiBslon
Business in the purchase and sale of stocks and bonds.
Private Teletn-aph Wire to Albany, Troy, Syracuse,
Rochester, Utica, Buffalo, Cleveland and Chicago.
Draw on City Bank of London In amounts to suit.
Special attefiTtnn glvBn to Saourlties for invesrinfnt.
&c., &c.
Kennedy Tod
Use
Excbange on London, Paris, Berlin
and Zurich.
(Members New York Stock ExchMntfe.)
Accounts of Banks, Bankers and others received.
Rolston & Bass,
COMMISSION MERCHANTS,
BELFAST, IRELAND!
AND ON THE
Bishop,
ANT> BR0KTCR8,
PINE STKEET. NE\r YORK.
No. 35
Co.,
BANKERS
BANKERS, LONDON
BANKERS
NO. 30
&
&
Hamilton
SCOTLAND.
Maitland, Phelps
BILLS OF
UANCHESTER & COVNTY BANK,
New York.
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
Co.,
Co.,
BANKERS AND BROKERS,
Foreign Exchange, Bonds, Stocks and Mlscella.
neons Securities bought and sold on commission.
Julius A. Kohn, David Ochs. Moritz Ochs,
Memb. N.Y. Stock Exch.
Memb. N. Y. Stock Ex
STREET.
33 NASSAI7
&
A. Kohn
J.
Payable in any part of Europe, Asia, Africa, Australia and America.
Draw Bills of Exchange and make Telegraphic
Transfers of Money on Europe and Calilornia.
62 William Street,
Telegraphic Transfers of Itloney
this Country and Europe.
Son, London.
19 Broad St., N. Y., mills BnlldlnK,
Transact a General Banking: Business.
Accounts and Agency of Banks, Corporations
firms and iiidividuals received upon favorable terms
Dividends and interest collected and remitted.
Act as agents for corporations in paying coupons
and dividends: also as transfer agents.
Bonds, stocifs and securities bought and sold on
all
J
Hambro &
BANKERS,
BROAD STREET
John Paton & Co.,
SUCCESSORS TO
JESUP, PATON & CO.,
Between
and of drafts drawn
ALL PARTS OF THE WORLD, ON
Messrs. C. J.
ALSBBRG GOLDBERG. Amsterdam.
ALTMAN ft STETTHIEMER, Berlin,
Available in any part of the world, in Francs for
Bse in Martinique andGuadalctupe, and in dollars for
ose in this and adjacent countries.
Make
ISSUE COMMERCIAL CREDITS, AVAILABLE
(N
tiew York.
Co.,
MAKE
COLLECTIONS OF DRAFTS
point« tn United States and
abroad on
BUT AND DRAW BILLS OF EXCHANOB,
MAKE CABLE TRANSFERS, ISSUE TRAVEL.
BRS' CREDITS.
Issue Letters of Credit for Travelers,
On SBLIGMAN BROTHERS, London.
SELIGMAN FHEUES & CIE. Paris
SELIGMAN & ^TK|'THE1MBR. Krankfurt.
Boston.
Sc
FOREIGIW BANKERS.
Exchange on, and make Cable Trans-
England, France and Germany.
& W. Seligman & Co.,
J.
Attorneys and Agents or
messrs. J. S. MURGAN & CO.,
No. 22 OLD BROAD STREET, LONDON.
Brown
Bills of
Exchange Place,
Cor.
Co.,
STREET,
NEW YORK,
29 VriLLIAin
all
parts of the World, through
Haussmann,
&
Ickelheimer
available In
Messrs. N. lYl. RotliHchlld «St 8ons, London.
'
de Rolhnchiiil Broiu. Pnris.
**
i^ons, FrankiU* A. de Rothscliild
PARIS.
_
Co., Heidelbach,
Street.
I88DB TRAVELERS' CRF,D1TS,
Drexel.Harjes&Co
PHIlADKIiPHIA
BANKERS,
& 21 Nassan
Nos. 10
NEW YORK.
Co.,
&
Co., August Belmont
WALL STREET, CORNER OF BROAD,
Drexel &
[Vol. XLIl.
Asiel
M«m her
&
C.
Washbitrn.
n. V. stock Rirchance
Co.,
BANKERS AND BROKERS,
No.
B.
ASIRL
BI
L. S.
EXCHANGE PLACE.
FRA.VKBNHEIMKR. M. SEMOHANa'
Members N. Y. Stock Kxchange.
W. H. Goadby &
Co.,
BANKERS AND BROKERS,
No. 34
BROAD STREET,
New York.
DOUOLASS aaiEN
A. B. BATBMAll,
Memb. N. Y.Cotton Kxoh. uemb.N.Y.gtoek Bxoh.
W. w. DimLET.
&. BATEiflAN,
.
GREEM
BANKKRS
AND BROKBRS,
BTO0K8, (teTTON. ORAIN. FOREIOK RICHAHSI..
Corner Wall and Neiv Streets.
PrlTate Wires to Washington. I>. C, Baltimore, Borton, Phiiadelphla and Chlcaxo.
Fkbroart
THE CHRONICLE.
27, 1888.]
Saufeetrs
^vo^tTCS,
attfl
&
Taintor
Geo. K.
Holt,
BANKERS,
WALL STREET, NBW TOBK.
No. 3
a OKNKliAI, BANKINU baalnesa.
reoelTod »o<J INTKBEST allowed on
baUnoe*.
BnT and
OOTERNMENT. MUNICIPAL
lell
RAILROAD
and
Sccurltlei.
OHO. H. HOLT.
D. L'HUIIJBR.
TAINTOR.
O.
'govtiffu HattliarB.
DON, Slat Deoemfeer, IMK
Sons, Tyn nwi to LOIf
oivb noticb tuat ou>
'' arm of
BLAKE BROTHEBS tt CO.,
heretofore carried on by us at
63 ORESHAn HOUSE, K. O.
Sistare's
York.
DRALERS
IN
FIRST-CLiASS INVESTMENTS.
Bujr and sell on Commission, for cash or on margin,
secarll4sa dealt In at tbe Mew rork Stock Ex-
X
has this day terminated by eflluilon of time.
E.MIL HKINHMANNand .Mr. F. B. BLAKB aloo*
are authorised to sign the flm's name la llqalda
and to settle all outstanding business.
all
PriTute telexraph wlroato Providence and Boston.
O. K.
^voluers.
16 dc 18 Broad Street, New York,
131 Sontli Third Street, Philadelphia.
Connwted bj Private Wire witk mala ottce. New
TKAN3ACT
DKP0SIT8
and
ganluetJB
Uf
IKAM DSWINO. ClURK DKWINO. F. T. BONTICOtT
(Member of New York Stock Exobauge.)
H. Dewing
&
No. 18 Wall Street,
New Vork.
Wood,
&
Huestis
BANKERS* AMD BROKERS,
eircccsaoBa to
EKncksmid Ronils Boutiht and Sold on Commission
Account.-. rc.H'ivc.1 iind Interest Allowed on balances
which limy l)c licked for »t uluht.
low* l.<iaii .t Trust Co. 6 per cent Debentures
boUAbt and scWd.
1
^VOOD & DAVIS.
P Execute orders
In
all
York Stock Kxchaiitjc.
KIR8T-CLA88 UAILIt<>.A
GEORGE C.WOOD.
securities listed at the
Km
]>
New
Sale
MORTOAOS
UIHT
I
HUESTIS.
0. II.
Of Boston and New
Co.,
PINE STREET,
31
L.
M.
LONDON,
&
19
New
St.,
Ne-w York
&
Oilman, Son
Co.,
HEINEMANN *
BOJTOg.
CO.,
QRESIIAM noDBB,
KMIL HEINBMANN.
SWAN.
at at
CEDAB STBEET.
No. 63
a General Banking Business, Buy
Govemment Bonds and Investment Securl-
IB addition to
and
Sell
Ue*.
R.
&
Co.,
BANKERS AND BROKERS.
Co.,
(Established In 1S6B.)
BANKERS AND BROKERS,
& 18 Broad Street, Neiv Tork.
.
John H. Davis
&
Kimball
J.
With Private Wires
ClIICAOO. BALTIMORB,
to
PHILADELPHIA and
No. IT
WALL
Intermediate Points.
liONDON.
Solicit accounts and agencies of Banks, Railways
Corporations, Firms and Indivldnals upoa
favorable terms; also orders for the pur*
chase and sale of Bonds, Shares, Ac., Ac. on
the Stock Exchange.
Interest allowed on Deposits, subject to 00-days
Bank of England rate, and
one-percent below that rate subject to
Bight drafts, at
We have published a new pocket edition of our
annual "List of Stoclts and Bonds attbe New York
Stock Exchange." Sent free on application. Both of
demand
ST.,
NEW TOBK.
Robertson,
J.
BONO AND STOCK BROKER,
L.
Dealer in Inrestment Secnrities,
No. 7 NASSAU STREET,
(Continental National Bank Building),
Now Tork.
J.
H.
Alfkxd
Kimball.
H. B. HOLLINS.
F.
B.
B. Hollins
Lounbbebt.
&
Co.,
BANKERS AND BROKERS,
THE
Railway Share Trust Co.
(LIMITKD).
Members New York Stock Exchange.
74
Branch
drafts.
Railway, State and City Loans.
FBANK C. HoLLINS
A. YZ.VAOA.
Co.,
62 Gresham House, E. C,
Noa. 16
RoBBBT
&
Heinemann
Negotiate
Connnlaolon Bnslness in ourUrmareMiuiBEKSuf the N, Y. Stock Exchanob.
Do a atrlrtly
STOCKS, BOM OS and GKAIN,
B. 0.
WALTER OABNBY HEINBMANN.
ANU
Dealer in Miscellaneons Secnrities,
MILLS BSILDINO (Sd Floor.)
Rooms 125 A 26.
33 WALL STREET.
STATE AND CITY BONDS OF GEORGIA. ALSO
SECURITIES OK THE CENTRAL RR. A BA>KING CO. OF GKOIUJIA A SPECIALTY.
Investors wishing to buy or sell are Invited to call
or correspond. Prompt and personal atteatton given
to all orders.
BANKEBS,
Jaonary.
dated .'list Doc, 1S85. announcing the temlnatloo of
that Arm by effluxion of time, we beg to notify yoa
that we have formed a copartnership to carry oa
a general Banking business under the style of
BROKER
64 Broadway
1st
Torft.
1888.
T»EKBRRINO TO TIIK CIRCIJLAR OF MESSRS
^^ BI.AKE BROTHERS & CO.,
A. Dutenhofer,
Stewart Brown's Sons,
STOCK BROKERS,
IIRINEMA
BLAKB
BLAKE BROTHBRS A CO,
r. B.
Interest allowed on dallv balances.
All deposits subject to oheok at sight.
Particular attention u> orders bj mall or telearan.
NEW YORK,
BANKEBS AND BBOKEBS.
Son,
KMIL.
change.
BROADWAY.
No. 4
5 Yanderbilt Ave., connected br 1
private wire.
Connected h7 private wire with B. W. Clark A Co«
and Hill A Kennedy, Philadelphia.
BANK BCILDINGS
Office,
Fred. H. Smith,
BANKER & BROKER,
No. 30 BROAD ST., NBXT YORK.
LONDON, ENGLAND.
Capital Paid Up, £971,860 SterUnc.
This Company uadertakes the business of Trustee
to
Loans of approved Railways, negotiates and
Twenty years' experience
Id Railroad Bonda. Parbuy or sell Uncurrent Bonds will
please communicate*
Stocks bought in Fractional Lota or otherwise,
either for Cash or on Margin.
F. H. SMITH. } Members Consolidated Stock and
Petroleom Kxohaniie. New Yorlc
8. W. Smith, f
ttea deBiring to
cG
No.
Co.
BANKERS,
ISW^ALL
New
Bay and
STBEET,
Investment Secnrltlea.
BOX 8,647.
WATLAND TRA8K. H. J. MORSE.
Sell
P. O.
A. IL KiSDIEB.
W.
C.
HIU,.
C.
(10 Tears*
In the
BANKERS,
Exchange Place, N. Y.
341 LaSalle St.. Chlcaso,
cor.
16
A
18
BROAD
ST.,
&
Chew,
P. O.
Box
447.
C.
BANKERS,
BANK BVILDING,
iWall Street, corner Broadiray.
tTOOKS, BONDS <« OOMitERCIAh PAPER.
.t^i^i*v™i
%?"*.'
'!2"''''t """S
Anglo-Californian Bank
(LIMITKD).
liONDON, Head Office,
SAN FRANCISCO
Office,
NEW YORK Agents,
3 An^el Court.
422 California St
& W. ScUgman A
J.
Co.
S ExcbanKeConrtdc S3 Broad'waT,N.'r\
BOSTON Conespond'ts, MassachiuetU N. Bk.
Government Seourltlas
Stocks, Bonds and IT
Bought and Sold on Commission.
Bitibi.t Chiw.
JAS. D. Simons,
Member N. Y. ritock Exchange.
Member N. Y. Prodnoe Exehanff*.
Authorized Capital,
Paid-up Capital, Reserve Fund, - -
Thompson
&
•
-
-
96,000,000
- 1,500,000
- - 400,000
Issue Com*
mercial credits and Bills of Exchange, available In all
Sarts of tne world. Collections »nd orders for Bonds,
tocks, etc., exer-uted upon the must favorable terma.
Transact a general banking business.
KRKD'K F. LOW,
Itttntrnm.
IGNATZ STEINUART.J"'"**'"-
P. N.
LILIENTHAL,:CaBhler.
Deposits received, subject to check, interest al-
W. McLellaX.
Reitbik Lkland.
D1»ITK»
LonMnr.
THB
NEW YORK.
Transacts a general Banking bnalneM. Inclndlng the
purchase and sale of stocks and bonds for cash or oo
marKln.
Richard,
TRANSACT A OKNBRAL BANKING BUSINESS,
INCLUDING 1HK PUKCIIASR AND 8ALK OK
N
K
B
B
A
8 ,
B
8T0CKS AND BONDS FOR CASH OK oN .MAIU
Street, fievtr Tork.
OIN. BOY AND SELL INVESTMKNT ^ECUKI16*18 Broad
TIBS. INTEREST ALLOWED ON DEPOSITS
(Next door to the Stock Kxchanse.)
SUBJECT TO CUECK AT SIGHT.
Members of the N. Y. Stock and Produce Exch'nfres.
_
.
_
D. A. BOODT.
Cable Address-PATT,
M.Y. Btoek Bxohaiiff6s
.
Offlce,
payments of Interest on Loans, Dividends oa
BANKKR AND BROKER,
STOCK BBOKEBS,
Branch
ter of
Turner,
J.
Membership
Simons
8 Broadvrar,
Loans on the London Market, acts as Agent for
Railways and other Corporations, either In the mat-
or Registration of Stocks in London, or otherwise.'
Tork.
Transact a General Banking Business. Including
the purchase and sale of STOCKS and BONDS for
cash or on marRln.
Issues
»ol<l
on commission
Exchange. Advances made on
hn/.nJU^L^'^J'
ousinesa
paper and other jecurltlo".
lowed thereon. Stocks, bonds, grain, provisions and
petroleum bought and sold on oommUslOQ for cash
or on margin. Direct telegraphlo oommniilcatlon
with the <'hlcaifO Board of Trade.
W^ovciQxx ^awUers.
L. de Steiger
&
Co.,
BANKERS.
FRANKFOBTOMMAIN, eEBMANT.
Bank of
Australasia,
Oncorporated by Royal Charter, 1S33.)
4 Tbreadneedle St., London, Enclui<
Paid-up Capital,
*''S2S-SS2
- ""•«">• .,„
Reserve Kund,
Letters of Credit and Drafts Issued on any of th.
numerous branches of the bank throughout Australia
and New Zealand.
„ ^.
Bllli* neKotlHted or sent for oollectlon.
TeleKrnphlc transfers made.
...
Den"Htt!« received In London at Interest for fixed
neriods, or for transfer to the oolonles on temu
he asoerlalned on applleatlon.
which may
wniDu
7
PBIDKAOX 8KLBK,
Beoretarr.
THE CHRONICLE.
!
[Vol. XUI.
^anthtvn
©anadiatt ^^uhtvs.
AGENCY OF THE
De Twentsche
LoDowicK J. Hill,
President.
Bank
Bankvereeniging,
OB'
British
B. W. BLIJDENSTEIN & CO.,
No. 52 TTALL STREET.
HOLLAND.
.
AnSTERDAin,
Buy and sell Sterling Exchange and Cable
BEAD
OFFICE, AmSTERDAItT.
& CO.,
& t,6 Threadneedle St., E. C
Rotterdam—De
WissEL-en-EFFECTENBiJtK.
&.
available in
COiVIMEK-
all
ISSUED for use In Europe,
China, Japan and the East and West Indies. Also,
dk
BANK!
in name of
LlMllKB, available in the Brazils. River Plate, &c.
Bills collected and other banking business transD.
A.
MCTAVISH,
acted.
( .,„„,.
Agents.
CIAL. CREDIT.S
BRAZILIAN
STIKEMAN.
H.
&
Gzowski
{
Buchan,
TOKONTO, CANADA.
CO,
Traneaot a general Banking and Commission
Business in Bills, Stocks, Bliares, Coupons, &a.
Stocks and Bonds, Sterllnf Exchange, Drafts on
New York, bought and sold at CURRENT PRICES.
KNAUTH. NACHOD & KUHNE
Paid-up
Reserve for Bqualliatlon of Dividends.
Reserve Liability of Proprietors
.
.
BANKERS,
No.
Drafts. Issue Letters of
<;redlt for use of Travelers, and negotiate or collect
BlHs payable at Bombay, Calcutta, bingapore, Saigon,
Hong Kong, Foochow, Amoy, Nlngpo,
Shanghai, Hankow, Yokohama, Ulogo, San Francisco
and Condon.
Acent. 47 Williajn St.
A. IH.
.-...
H.
HOWLAND, Prest.
B.
HEAD
-
-
Cashier
Port Colborne, St. Thomaa, Ingerioll
WeUand, Fergus, Woodstock,WlnnlpeB, Mar,,
8:. Catharines,
Brandon, Man., Essex Centre, Ont.
Dealers In American Currency X Sterling Bxobange.
Agent, in New York:
__
'•
BA«K_ OF . MONTRBAI,
'! Bank.
R^nt*^ limited,
fl^l.^S"
anquet's
59 Wall Street.
e» Lombard Street.
Promptest attention paid to ooUeottoiu parable In
aar part of Canada.
Approved Canadian business paper discounted tt
the Head Office on reasonable terms, and proeeed£
remitted by draft on New York.
Uoy
"^f^rBarn^tt^sTBos
__
"
I
& Co.,
BANKERS AND BROKERS
IFEYBOSSET
S3
8
New York Correspondents.— The National Park Bank
and Seventh Ward National Bank.
inOBILE,
;
$5,725,000 Paid Up.
BeserTe,
$1,375,000
Preiident, ANDRBW ALLAN, Esq.
viee-P.-esldent, ROBERT ANDERSON, Esq.
OFFICE, nONTREAL.
QBOUOE HAOUB, General Manager.
j.U.PLUMMEH, Assistant Qeneral Manager
BANKERS:
XjOVDON.HNQ.-The Clydesdale Bank (Limited.)
NEW TOBK— The Batik of New Fork, N.B. A.
The New York Agency buys and sells Sterling ExIn
the world, makes collections in Canada
smd elsewhere, and issues drafts payable at any of
the ofBees of the banlt in Canada. Every description
of foreign banking business undertaken.
New Vork AgencF, No.
61 \raU Streot.
HENRY HAGUE,
JOHNB. HARRIS.
I
Jb..
f
Htzotaange.
Private Teleffraob
SURPLUS,
-
-
BMITHER8,
W.
J.
.
Ne». 59
»6,000,000, Gold
I.
New York and
Wire to
Alex'bLang,
&
Narr
No. 437
JOHK
.
9 atM
JOHN
P.
BRANCH,
Glinn, Cash. Fbbd. R. Scott,
P.
President.
Vlce-Pres't
THOMAS BRANCH
Sc CO.,
BANKERS AND COMMISSION MERCHANTS,
'Wit&ttxyx %VL\xhtx&.
Transact a Reneral banking business, and
TOWN. COUNTY AND GITY BONDS.
DEAL
Llsta
furnished on application. Write us if you
wish to buy or sell. Refer, by permission, lo Society
for Savings, Savings & l^ust Co. and National Banki
of Cleveland, Ohio.
Gerlach,
BBTABL18HBD
CHESTNUT STREET,
Members
of the Philadelphia
Bills
of
and
New York
Jos.
Sho»mak«b.
Harris & Co.,
IKVESTMEIWT BAIVKERS,
BANKERS AND g^OCK BROKERS,
SOCTH THIRD STREET,
and make ooUeotloni In, ClUoago and throughout the
Dominion of Canada.
115
Sc
117 inonroe
&
Members
of Baltimore Stocli
CHICAGO, ILL.
Correspondence
Co., Chas.
&
H. Potter
Co.,
CLEVELAND, OHIO.
SOUTHERN SECURITIES
and information
solicited.
INVESTMENT BANKERS,
Exchange,
BALTIMORE.
and
(Montauk Blook)
City and County Bonds, and Investment Securities
of a high grade a specialty.
galtimoye gawlucrs.
Wilson, Colston
St.,
Adjoining First National Bank Building,
PHILADELPHIA.
N. Y. Comspondenta— MoKim Brothers
sterling Exchange, Francs and Cable
Trwufen; grant Commeroial and Travelers' Credits
aT»Uable in any part of the world; Issue drafts on
D«fanlted Bonds of Missouri, Kansas and Illlnolift
Specialty. Good Investment Heouiitles, paying frOBK
four to eight per cent, for sale.
Bobsbt M. JANNIT.
a
fur-
& Co.
SPEriALTIES:
TOWN. COCNTT AND CITY BONDS,
LAKE SUPERIOR IRON MINING STOCKS.
AND STREET RAILROAD SKCURITIBS
J. G. Fletcher, J STATE BANK,
C. T. Walker,
I
.
BUT and Mil
Co.,
M. Shoemaker & Co. N. W.
No. 184
QlBOed.
&
Keleher
F.
OLIVB BTRBET. BT. LOUIS.
Dealers In IVesteru Seenrltles*
Stock
Exchange and Letters of
Credit.
Jos. M.
1871.
806
Exchanges.
Cable Transfers,
Correspondence solicited
{Agents.
P.
PHILADELPHIA.
peoialt7.
OFFICE,
)
parts of the United
&
BANKERS AND BROKERS,
INVESTMENT
61 \rALL STREET.
WALT«R WATSON,
all
Collections made on all Southern points on best
terms ; prompt returns.
Boiton
MEMBER OF BOSTON STOCK EZCHANOB.
BANKERS AND BROKERS,
BUCHANAN, Seneral Manager.
*
made on
Co.,
COMMISSION STOCK BROKER, Lamprecht Bros.
BANKERS,
No. 4 Exchange Place, Boom No. 4,
No. 137 SUPERIOR STREET,
BOSTON, MASS.
CLEYELAND, OHIO.
.
President.
NEW TORE
Caihiei
MERCHANTS' NATIONAL BANK,
RICHMOND, VIRGINIA,
Samuel G. Studley,
Agents,
Bank of Montreal.
CAPITAL, ... 912,000,000, Gold
O. F.
WALKUi,
A. K.
Pres't.
National Bank,
Dealers in Commeroial Paper, GoTemment 'and
other flrst-olaii Boudi and Seoorltlei and ForeUm
CAIVADA.
change, Cable Transfers, Issues credits available
ALABAMA.
Special attention paid to collections, with promst
remittances at current rates of exchange on day of
payment. Buy and sell State of Alabama and City
of Mobile Bonds.
Correspondents.— Bank of the State of New Yorl^
New York Louisiana National Bank, New Orleans
Bank of Liverpool (Limited). Liverpool.
Circulars and information on funding the debts
of Virginia and North Carolina free or cost; oneeighth per cent charged for funding. Southern Railroad and State and City Bonds tmught and sold.
IMIattelyTtia jlaufejers.
Capital,
atl parts of
Co.,
ftnd prices
Merchants' Bank
HEAD
&
BANKERS.
IN
OF
WiLET, Cashier
RICHmOND, VIRGINIA.
T RJE E T,
PROTIDEWCE, R.
OFFICE, TORONTO.
SRANOBUS:
p. A.
IV'ILItllNGTON, N. C.
Joshua WII30CK,
Charlssh. Bhbldon Js
BiNjAuiH A, Jackson, wiixiam Binnxt, Jb.
$480,000
Pres't.
DCRHAin, N. C,
Special Attention to Collectiong.
FIRST-CLASS FACILITIES.
Collaotions
ALSO,
y 1,600,000
WILKIB,
D. B.
BLACKWKLL,
BOSTON STOCK EXCHANGES.
Imperial Bank of Canada. Wilbour, Jackson
•
T.
The Bank of Durham,
BOSTON.
Dealer* In nionlclpal, State, Railroad
and United State* Bond*.
©auajtliatx 'g^nktxs.
CAPITAL (paid up),
SURPLUS,
W.
First
MEMBERS OF THE NEW YORK AND
TOWNSENDs
Stales.
$300,000 00
-
Accounts of Banks, Merchants, Corporations and
Individuals respectfully solicited.
Collections promptly made and remitted for.
Will act as agent for the investment of idle and
surplus funds of Banks or Individuals.
In our active and growing city money is always In
demand. Our rates reasonable. Give us a trial.
B B. BnBBUSS,
CONGRESS STREET,
8S
The Corporation grant
SCaniia,
-
Thos. P. Miller
Shanghai Brewster, Cobb
BANKING CORPORATION.
& Estabrook,
»7,S00,(X»
Capital
4.400,000
400,000
7,600,000
and Snrplaa,
Capital
gijew ^ttfllatua "gnnhrtvB,
Hong Kong &
EeserveFund
ATLANTA, GEORGIA.
COLLECTIONS MADE.
IfEW TOBK OOICRESPONDElfTS:
Messrs.
Vlce-Pres't
Gate City National Bank
STOCK AND EXCHANGE BROKERS, Pay
EnBcbede-B. W, BLIJDENSTEUf, JK.
Almeloo-LEDEBOER
KOTES issued In Pounds Sterling
CIRCULAR parts
of the world.
LONDON
SBjLlfOBES:
.ondon—B. W. BLUDENSTEtN
No, 55
Trans-
drafts on Scotland and Ireland,
also on Canada, British Columbia, San Francisco and
Capita fully paid up.7,203.925 auUders ($8,881,570—
(1365,237-)
91S,082.52}i "
KwerreFund
Cashier.
Designated Depository of Ihe Vniled
demand
Issue
fers.
1861.
gatifeers.
McCandless. a. W.Hill
THE
North America,
ESTABLISHSD
E. 8.
1 Incorporated!
U87A.f
Robert Garrett & Sons,
German National Bank,
BANKEBS,
LITTLE ROCK, ARKANSAS.
No. 7 SOUTH STREET,
Capital (Paid in) - - - 9itOO,000
BALTIMORE,
Prompt attention given to
business in our line
President.
Casliisr.
all
liondon
Office,
No. 33 Abchorch Lane.
TRANSACT A OBNKRAL DOMESTIC AND
.rOBBIQN BANKING BUSINBS8.
N. T. CORBKSPONDKNTS.— Importers' A Traders
National Bank and National Bank of ttae Bepnbltc
Febkuaby
THE (IHRONICLE.
27, 1880.]
'guvm
jtpzcinl %nvtstmtnts.
AMERICAN
FINANCE COMP'Y,
BHOADWAY, NEW YOUK.
«6
JOHNC.BnoRT
& Dickinson,
Ohio Central Hayden
INVKBTMKNT BANKKKH.
&
Toledo
AMD PBKFKRRBD,
COniinON
BOUOIIT ANU BOLD BY
Preildent
P^0rt0afl)e«.
.....
DENVER,
COLOBADO.
We have on hand and for sale orst-oUuM Oooalr
andSch.nl lioiiii^ iiiii ..iiKinhnlce seoumiw. W»
esum-'-.
^ratlve loTfletora o«r
KF/\i
iroiredaty and Vasa
l'tu\H
'lido by US after rigid
InrentiKtn ion oi ijtic tino viiiues, and can be trmssf erred at onoa. (Arraapondeoc* aollcltad, Ulsbeet
references BwtuKi West.
i
A.
JAMBS
NR<3I<K?
TUHO.
WM.
8.
l«t Vice-President
WIIITB
rBANCIB
Vlce-I'reeWent
3d Vlco-Pre»ldent
8«o'7 and Treat.
ild
TALBOT
WATSON
B.
P.
J.
16
Authorized Capital Stock, $1,000,000.
•
600,000.
'
Paid In • • •
__
BOUND
VRSTMBNT BONDS
IN
AND
18
BOUGHT AND
The Guarantee
NO. Ill
CAS STOCKS
t'le
CASUALTY
DEPARTinENT.
--—
'I'-'Hinst
Wm.
accidents causioK death or
iiries.
as to details, rates, Ac, can be
ilioe, or of t'ompany's Agents.
.M. Hi< iiAi;
KoB'T
J.S.T. r<traiiahan,
A.B.llu!l.
Geo.
8.
DEALT
IN.
BBS GAB QUOTATIONS IN THIS PAPKK
Geo. n. PRExnsB. W. D. pmsxtiss. W.
Member N.Y. Stock Exch.
John
A]e.v. .Mitchell,
McGeorge,
B.
COMMERCIAL PAPER,
Manhattanrille & St. Nicholas
AYenne and other City Railway
Securities Dealt in.
TELEPHONE CALL "NEW," 727.
St.
CoRREHPosDiNTS.-.New York,
'
Np,tl:ial
I.«ather Ksnk: Union R»-ilc of l,nn'Vli.
58,
68 &
c
^puttal Suwcstmeuts.
No. 21
BOUGHT AND SOLD.
Bee Quotations of City Railroads in this paper.
Atlanta
dc
Charlotte A.
E,.
R'y Bond*,
nieiupliia^k Charleston RB. Bonds,
illfiupblK ic Little Rock RB. Rouds.
Cnrolliia Centi-al RR. Rouds.
North Carolina State 6s.
Blruilnghani C5ty, Ala., 7b.
Aud inisceIlan»ou« Securities.
By B,
b.
BOUvJUr AND ^OLD
A. LANCl^TGIi * CO.»
i Wall Street,
6s.
York.
NASSAU STREET,
IN
Stocks, Insurance Stocks.
BY
SA Lie— STOCKS
J. P. Wintriiisfliiiiii, .16
.Note
Pine
St.,
rio
hesapeake.
ay,
3ou.Mun.Koi-hts'r 3U lujrimut.
I
I
|I5,IXH)
SVFullvuUUQ.I
i
d"
II Oopthai.lCoobt,
London, B.C., 1st January, 1886.
boU(l».;50 lie
W Vuukers.
i;i9
mania.
Howard,
I
{
WEweBEG TO ACQUAINT YOV THAT
have
this
day commenced tooarty on a gen-
Banking and Commission business at the above
address. In co-partnership, under the style of
eral
BliAKE, BOISSEVAIN ic CO.
J. DELANO V MEVEK will sigD for
Mr. H.
onr
firm by procuration.
STANTON BLAKE,
A.A.U. BOlaSJSVAlS,
F. B.
BI.AKK.
KOTICE.
The undersigned have been nominated by spenUJ
appointment COMMKBCIAL AGENTS FOH TIM
KOIIEION BUSlNESia OF HIS K.VCELLKNOT
TUB VICEROY OF TUB PROVINCK Of CUIUU.
EMPIRE OF CHINA
N. T.
1-
Briioki.yv.
STOCKS
N CE
Cash paid at once for the above securities or tli«7
be sold on oommission at seller's option.
RDSSCL,!.
"23^ John."
Sh». tiAS* CO. Mi«. <;a> CO. iShs.lNS'R'CE.
lOOCons'lidiifrl wO Mctni|i.,|itnn.'20 .Amcri.-an.
2(kj I'l-opk-s'
^^ \
' h'ge.
50 (luitable.
6,000 Mun.bds.Ts.l 10 WIlliamsb'rK
Oct uf low.v.
50 .Mutual.
m1.
50 Brooklvn.
lOOCltizens'
RA
will
STOCKS,
Bee my quotations of Trust and Telettraph Stocks
n Saturday's Evening Post and DaOu indicator.
Tcli'l'li'iiH- l'"ll
V
S
STOCKS,
CO.'S
TELEORAPU
FOR
N
;
G^^s stock:s,
Bank
Pl^E STUEET,
A SPECIALTir.
CITY RAILWAY STOCKS,
TRUST
Bailey,
S.
Sifi
I
ivoyes.
DKALEK
E.
DEALIXaS IX
&
New
4 Broad Street,
Dealer In Re&l Estate and Mort-
'ginnncinX.
7s.
TOBEY& KIRK,
>vm:.
L. Grant,
BAKKR.
H.
"B" & "C."
State of Arkansas Funded 6s.
Shoe A
No. 145 BROADWAY,
NEW YOUK.
CITY RAILR0-4D STOCKS & BONDS
ulars!.
gages, Minneapolis, Minn.
CIfy of Houston, Texas, Bonds.
State of Tennessee 3s, 5s
m
of
with present casli value treble upwa'da of Loan,
stTording 7 to 8 per ci>nt Income; also guaranteed
Bu8inc«s Xtites of e.^tablished inerchanta of Minneai)olis, runnintr 2 to 6 months, absolutely secure,
affording 7 to 8 per cent in advance. Refer to Nat.
Bank of Commerce, Minneapolis ; t^r, Sam'l R. MacLean, Banker. 43 H xchiinge E'hice, New York, dealer
In approved Investments, to whom apply for partic-
City of Dallas, Texas, Bonds.
State of Texas,
N. Y.
s%
Em-
met sbur^. Iowa. Incorpurateti with u paid-up capital
of $,)00,OUO, with branches at Huron und Mitchell.
Uakuta, (iffer tlr^t MnrtKaRe KMrm Loans In Iowa,
Minn.. Daknta, and Neb.. both I'rinripnl and InfereHt 4>uarantf'f(l. Also ft per cent Debenture Bonds
(ubIiKHtions of the Corapdny), running lu years, secured by Morttiatre loans deiJusited with the .ller»
ranille TriiMt Co.* N. ^. It also issues Demand
Certificates of Deposit at 5 per cent Intereat. Write
fur pamphlet and references
Home OfDne* Emmersbnrsr* lown.
E. S. Ormsby* Fi'«8*» 150 >assau sjt.. N. T.
S.
Bank of Buffalo,
...... 9300,000
CAPITA
This bank has superior facilities for
Wng oolleotlonson all accessible points In the U Ited States,
Canada and Europe.
Liberal terms tztended to
accounts of bankers and merchants.
0/
^0
TfacAinericnn Investment Company,
RROAD STRKET,
FIRST MORTGAGES.
INVESTMENT SECURITIES AND OnSELECT
Improving; Wej^ttcrii Property
State of Alabama, "A,"
li,
Real Estate
MortKases worth from two to
four times the amount of mertKaKC, nettlnK Investors 6 to 8 per
ct. Guaranteed by Co. Intereet
payable at our Banklnji House.
LOAN
No. 30
SaiauANS.JiwcTT. Pros. JUHUHJEWETT, V.PfM
William c. CoRNwaLL, Cashier.
H.
W. Walsh
City of Fort Worth, Texas, Bonds.
Charles Dennis,
J.D. Vermiiye.
8. B. Chittenden.
Cois.
Wm. M. Richards.
BUFFALO,
WESTERN
JUARANTY LOAN CO.
.Minneapolis, Minn. AuthorGUARANTEE of
lied
Paid np
6"
A.S.Barnes,
A. Ilurlbut,
dc
Established ls:^4.
Hooriiunized
1868.
Eastern HcprcsentatlTee
of the NOI£TIlVVKr»TERN
COMPANY.
City of Memphis, Teun., Bonds.
s,
II.
Ind
NEHKR
CA UPENTER, Troy. N. Y.
BoDds
John M CRANK, Soo'y
Ass't Secretary.
DIKKCTOUS:
David Dows,
W. O. Low,
I'rcst.
J. lIii.t.AS.
Geo. T. Tlooe
O. O. Wllllanis,
Indiaiiapolln,
Banking House of
capital, i200.w>u.
Railroad Stocks and
Street
42d
coiuts of the various States
1
EMt market St..
GAS SECURITIES,
BONDS OF SL'KETYSHIP
from this Ciuiipanv iit lui>de'Hte charpcs.
The bonds of this f'ompany are accepted by
Fui:
obtaliu
I'KKKI.VS, I'roslclnnt; J. T.
U. I'KRKINM, .Secrelarr
N. K. IIAKT. Auditor.
•
BROOKLYN SECURITIES
Capital. (250.000. Invested in U. S. Gov't Bonds.
I20O.0O0 deposited with the N. V. Isn. Dep't, for
the protectiun of Policy-holders.
Assets, Juiiuiiry 1st, l^bo, ^ia,02tt 11.
Officials vt UanKs, itutlrutids and bJxpress Companies. .ManiiKOrs. Secretaries, and Clerks of Public Companies, Institutions and Commercial tlrms, can obtain
PoHi*"-
S4
NORTH-
BROOKLYN.
AND AU. KINDS Of
OFFICE:
BROADWAY.
Cash
totall
I,.
In Snms of $100 and Upwards on Indiana and Ohio Lauds.
NOTUINO SAFER. ALWAYS PROMPTLT PAID
8BND FOR PA.VIPni.ET.
JOS. A. moORB,
AlfD
Edward KAwllnos.
CjliliUAI.TV CO.,
BROADWAY, NEW YORK.
216
.M.
Vlce-l'resl.;
capitiil. j!;i,0O0,0OO.
FIDELITY &
2U 4
WAKNE,
Farm Mortgages
E. HACHFIELD,
No. 5>f Pine street.
SOS niONTAOLTE ST.,
market.
Kunds iiroinplly placed. I.arK»
losses. Send for r-irciilrtr. referenoee
York.
CHA8. W. OII-LKTT. Treas.;
AKD
D. J. TO.Ml'KINS, Secretary.
New Tobk Dihbctoks—Joseph W. Drexel. A. I..
Hopkins, U. Victor Newcomc. John Paton. l)»niPl
Torranoe. Kdw. f. winslow, Uraatus Wlman, F. P.
Olcottand J. E. Pulsford.
Nos.
New
experience. Nf)
and sample forms. K.
Sds,
Geo. H. Prentiss & Co.,
No. 49 WALL ST., NEW YORK,
I300.00C
83),0o^
NEW YORK
KAK.MS.
turlty In
Sdoto Valley First Mortgage Bonds.
Southern Securities.
ALBERT
Co.,
LAWRENCE, KANSAS,
Offers to Investors the best securities In the
KIHST .MOKTOAOK LOANS UPON I.MI'HOVBD
Interest and principal paid on day of na-
SOLD.
IVANTBD:
Co.
240,C 00
Deposit with Insurance Department
Vice-President:
President:
Hon. Jab. Fekuieb.
Bib ALC2. T. GALT.
ManaKinK Director:
Farm Mortgage
New Bonds and Scrip.
.Rome Watertown A OKdeusburg l>u and
Oiweiio A Rome Ists.
OF NORTH AMERICA.
Cash CaplUI
Asseu and Uesources
THE WESTERN
ST.
Blliabeth City
JBonds
of* Suretysliip.
so OTHER BUSINESS.
BROAD
Investment Securities
furnished to 8«T-
Itun Banks. Insurance Companies, Bxeoutors and
Trustees of Ksiaios. and IndiTldnal InTestors.
UNITKD STATKS BONDS, State Bonds, Monlcl^1 Bonds. Knilroad Bonds. boUKht and sold.
DKKAUI.TEU BONDS Of Slates, Municipalities
and Railroad Companies negotiated or collected.
CAM. AND TIME LOANS made on United States
Bonds and itood Municipal and Uallroad Bonds.
KIN AiNClA L A(JE.NC V for railroad companies and
otber corporations. Will also conduct the reorganllatlon of railroad companies and other corporations
whose bonds are In defauit,:or whose property is in
the hands of Receivers or Trustees.
BAILKOAD LOANS negotiated.
Circulars on application.
STAIVTOIV,
S.
A CO.,
60 Wall
St., If. r.
Bl'Y <1K.^*K1.L
OR.SKI.L A.NY
ANY
TO BL'Y
WANT
YOU"^
-.A
<kH
.i'Pm
'K
i^
VI
OK nil
BII.NDS.
PUTH4 OK CALLS) ON ?*T<HK» fiM
IF
."
„ite
write
"'•
t
"hf '?<ri<oii£'"B.u'.>7."^'
I'luce. New
ork,
54 Exchnuge
'V
(TelophguecaU ••i<cw817,"
THE CHRONICLE.
1
givi&m&Sf
lutCTJCSt,
npJUE INTKttEST
.
"ginnnciixX.
Sec.
OS XMEFOLI.OW-
New York Clt j, on and
March 1.1686:
Columbus Hocking Valley & Toledo Railway Co.—
Nassau and Cedar Streets.
after
Geii' rul
Mortgage
5s.
Columbus & T ledo liailroad Co.—
geou'id Mortgage Ts.
Dayton & Michigan Railroad Co.—
Toledo i>e.;ut Second Mortgage 7s.
Grand Uapids & ndiana Hailruad Co.—
Ueneral Mortgage 5d, coupon and registered.
Indianapolis, IndianaSchool tis.
Indiana Sta e—
Uegisrered Temporary Loan Bonds,
3^ per
GOLD BONDS, DUE
8.
;
1.
MARCH
68.
Marion, IndianaSchool 63.
TERMILYE &
10.
16
MARCH
Jc
13.
MARCH
15.
18 NASSAIT
MARCH
20.
Wabash
Miami Connty, Indiana-
cific
6s.
^k UNION RAILBOADCO.TEDAYTON
PANV, CLEVELANn. Ohio. February
10. 1886.
notice is htruby given to the First Morigage and
Income Bondholders of this Cnnipany that the ComSany has a surplus fund of ^12.000 applicable to the
Inking Fund of its First Mo-'tgige, and that tne
same will be Invested In the First Mortgage Bonds
of said Company, offered at or below par. If a
snfflcient amount of First M Ttgage Bonds are not
offered at or below pir, within thirty days from the
date hereof, to absorb said -urplus for said First
Mortgage Bonds, then said fund will beinvested in
Income Bonds, if offered at or below par, within
thirty days from this d ite.
Tenders of bonds with prices will be aldressed to
he undersigned at this office up to March 12, 1886.
G. 8. RUSSKLL, Secetury.
OF THE NEWPORT NEWS
OFFICE
& MISSISSIPPI
VALLEY l^O.MPA.N V. 23
New
Broad
York. Feb. 34, 18.S6.^
Coupons due March 1. 1886, from the following bonds
will be paid on nud after that da^.e at this office
Elizabethtown Lexington & Big Sandy RR. Co. Ist
Mortgage 6 per cent.
:
E.
GATES,
Treasurer.
OFFICE OF THE SOUTHERN PA-
V-'ClrlC COMPANY, No. 2H BltOAli ST.. (MlLL'3
BciLpiNONEW YORK. Feb. ai. 1886.-Coupon8due
March 1, l»86, from the following bonds willbe paid
on and Hft-rihat date at this office
Texas & N«w Orleans It tc. Co. (Sabine Division) 1st
MortKaxe6 per cent.
Mexican international RR. Co. 1st Mort. 6 per cent
TIMOTHY HOPKI.NS, Treasurer.
:
'giu^ncinh
East Tennessee Virginia
& Georgia RR. Co.
Louis
New York.
OF THE SOUTHKUN TELKGHAI'H COMPANY
amnjority of the East TehneSsee
't'*^"*
?h» ,'f,''"^''"' consvl'daled 5 per cent bonds,
'*"'*'' dlTi-lonal bonds.
Inrt ill „? .V"")."^'"'.*
""."entures, and the aBreeraent an.l
fho A '^^''''
„?.'.i.""i.
hav ng thereby become operative
;£! .i
the
remalnlnit holders are requested to dcp
^it
thvlr bonds
V?™in^
*,^f
at as ear y a flay as possible
Th«
bSSrdo,Sa^y'L'il"J;™''^;!-''*(cS^p'^ny'issued?„?
!!^ '^'* *"^^^ •"""> I'si'ed on tiieN. Y. Stock
Mw.K.„
KichanKe. and constitute a eood delivery.
Hew York. February 28. 1888.
F. P.
OtCOTT,
Chairman of Committee.
NOTICE.
10, 1886.
The agreement dated July 15, 1886, between the
General and Collateral Trust Murtt;age Bondholders, and the undersigned appointed therein
a Purchasing Committee, provides that after
the
purchase
of
the
property
of
the
Wabash St. Louts & Paciflc Railway Company,
under the pending foreclosure, and the organization
of a new Company, stock of such new Company may
be offered by said Committee on such conditions and
limitations as to time or otherwise as they may
think fit, to the shareholders of the Wabash Company, in amounts corresponding to their present
holdings, on payment .is to the preferred stock of $8
per share, and the common stock of $6 per share.
Anticipating the purchase of the property and he
reorganization of the Company, the Purchasing
Committee now invito the stockholders of the
Wabash St. Louis & PaclHc Railway Company to
subscribe for the new stock upon the following
I
terms,
viz.:
Upon signing the subscription books now open at
theofficeof theCommltee, No. 195 Broadway, Now
York, stockholders will surrender their certiflcates
and receive therefor certiflcatOB of the Purchasing
Committee, entitling the owner to the same number
of shares of preferred or common stock of the new
Company and Debenture Mortgage Bonds or Scrip
for the cash payments as soon as such stock and
bonds or scrip can be legally Issued and delivered,
and the terms of said certiflcates complied with.
Payments will be due as follows
On preferred stock, (3 per share, April 10, 1886.
*'
"
common
"
2
"
3
••
"
May
June
"
*'
•'
the new Company will be given for the amount of
cash paid In, as soon as the stock and bonds can be
legally Issued and delivered. The cash
pajments
are to be applied, according to the agreement of
July 15, 1885, upon the amounts bid for the purchase
of the property.
F. P. 01.C0TT,
Chairman of Committee.
NSr.'^T ?*. HEREBY niTEN
i Oeorgla AanVoid 'iU pany^and
JAMBS F. JOY,
T. H. HUBBARD,
EDGAR
WELLES,
O. D. ASHLBY,
THAT
IsTue Ttf
Purchasing Committee.
Reed
Flagg,
Duncan Building, Cor. Nassau & Pine Ste.
WA5'»"K»-THE SECRETART8HIP
jjOiorsnoM
given. Addrew, Koom 16,
4?eS;"SF-K-^^^^^^^^
No. is Wajl St.
11
FIND STRBBT,
BROKERS AND DEALERS
IN
B O IV I>
S.
is
Any further information desired will begivenby
A. L. BoiTLWAKE, Receiver, at Richmond, Va.
A. L. »*OIILWAKB.
TURNKR.
H. B.
C'tramissioneni.
.
KEORGANIZATION OF THE LAKE
ERIE & WESTERN RAILWAY CO.
At the request of various holders of the first mortgage bonds 4>f the LAFAYHT'J'E RL<><.>MlN<i I'ON
& MUNCm RAILWAY COMPANY, the LAKB
ERIE & WESt'KRN RAILWAY COMPANY, and
LAKE ERIE A WESTERN RAII- WA Y. (SAX-
the
DUSKY DIVISION.) the undersigned have cusented to act as a Purchasing Coramiitee under Iho
terms of an agreement executed by such bondholders and now ready for general s'gnature.
Copies of this agreement and further Information
concerning the plan niav be had of the CENTRAL
TRUSl' COMPANY and of the undersigned, or on
application at the company's olllcp. 110 Broadway.
Prompt co-operation of the bondholders and others
in interest is requested, in order to seourea speedy
and economi yil reorga lization.
The Central Trust C<jmpany will receive deposit of
bonds, giving negotiable receipts In exchange therefor.
FRANK C. HOLLINS.)
WM. A. HEAD,
CLARKNCK CART,
}
New York,
Committee.
)
Feb.
15, 1886.
Fifth
Avenue
HOTEL,
]9Iadi§on Square,
NI^'W
YORK.
The Largest Best Appointed and Most Liberally
Managed Hoiel in the City, with the MostCentraJ
and Delightful Location.
HITCHCOCK. DARLING A CO.
John a. Mookb. W. K. Kitchen. G. B. Schlbt.
Moore
&
Schley,
BANKERS AND BROKERS,
26
BROAD STREET,
Branch Offices
Wall
JiKVT
VORK.
Connected with
A.BVAN8«i
.
I.
St., N. Y.
., Boston.
114 So. 8d St., 1-hiltt. B.L.Bl!KHSTER&CO..CtliCai[0.
1419
KAtt.\IBB,Harti'il.
St., Wttsh'a.
Private \\'ire t'ounectlona.
7i!
*
Buy and
HrliUAHD*
stocks. Bonds Hnd Miscellaneous Secoiities on New Yorls Kxchantfes, also Grain and
Prov'sinns on Chlca*ro Board of Trade.
sell
&
Spencer Trask
BankerSy
Co.,
Nob. 16 and 18 Bboad Street,
&
HaSTRANCH No.
York. February Z^'i'SSb!:"""' ^' ^'""""""e*-
T.
good condition, and
in
Tlie line will be sold subject to a trafHc arranirement now existinK between it and the Mutual Union
Telegraph t^ompany, which will expire at the option
of the purchaser July .10. 1886.
Tkkms ok Sale: Ten per cent of purchasemoney in cash and a sufficient sum in addition to
make such payment as will amount to $50,000; the
balance within thirtytlays after sale.
"
8
April
"
2
May " "
"
"
2
June "
Interest from April 10th must be paid on all instalments, but the whole amount of Instalments
may be paid in advance.
The certiflcates of the Purchasing Committee
will be e>changed forthe stockof thelTJy Coinpany,
share for (hare, and Debenture Bonds or Scrip of
••
The said telegraph-line is
now doing a good business
"
"
Stockholders who have not subscribed for the new
stock under these conditions on or before April
10,
1888, wUlforfeit all right to the same.
New
and to the line of telegraph to. from, and between
the City of Washingtun and the City of Selma. Ala
and the various branches thereof (about l,8uO miles
of poles and ab- ut S.Ono miles of wire), together
with all the Lands, Properties, Franciiises, Telegraph Lines, Cables. Poles, Wires. Instruments,
Tools,
Apparatuses. Offices, Fixtures. Patents
Patent- Rights, Contract <, Jjeases, Securities. Uiithta
Claims, Imeresl.and l>emands of every kind, nature
and description whatsoever, wherever the same may
be or however situated, now held, owned, or possessed
by the said company.
in
"
Virginia
at 12 o'clock M..
&
B'ebruary
I
27, 1886,
ALL THE RIGHT. TITLE AND
INTERK8T. DF EViCilv KIND AND NATURE
STREET.
PaRailway Co.
St.
at public auction, in front of the
in the City of llichmond, Virginia,
IVIARCU
OF THE
Mitchell, Ir^dlana—
L
Custom House
TO THE STOCKHOLDERS
MARCH
Street (Mills Building).
thereby, will se
CO.,
11.
Hancock County. IndianaGravel Road 6s.
Wl
;
FOE SALE BY
TermUllon County, IndianaGravel Road 7s.
Wabash County. Indiana-
Bridge
By virtue of the following decrees entered in the
causes of " William Mahone, Ac. vs. The S uthem
Telegraph Company and others" and "The Farmers'
Loan & Trust Company vs. Same." viz.;
1. Decree entered in said causes in the
United
States Circuit fourt forthe Eastern District of Virginia on the aist dav of December, 1885
2. Decree entered in said causes
in the United
States Circuit Court for the Western District of
North Carolina on the 4th day of February, 1886.
3. Decree emered
in said causes in the United
States Circuit Court forthe District of South Carolina on the 4th day of February. 1886;
4. Decree entered In said causes in the United
States Circuit Court for the Middle District of Alabama on the 5th day of February. 1886
5. Decree entered
in said causes in the United
States Circuit Court for the Worthern District of
Georgia on the lOth day of February. 1886—
the undersigned. Special Cnmmlssioners appointed
DELIVEEABLE AND TO BE PAID FOE
DURING THE MONTH OF MARCH.
Blackford County, IndianaGravel Road 7s.
7s.
Southern Telegraph Co.
1951.
AND JULY
I
&c.
OF THE
63.
MARCH
School
EIGHTS,
PER CENT
INTEREST PAYABLE JAN.
MARCH S.
Gravel Road
ALL THE PROPERTY, FRANCHISES,
RAILROAD
FIRST MORTGAGE MAIN LINE
314
i^ALiE
OF
COUPON OR REGISTERED.
Miami County, Indiana—
Grarel lioad
COIH.IIISSIO.VERS'
CENTRAL
ILLINOIS
cent.
Lima, OhioWaterworks 53.
Pittsburg Fort VVayn« & Chicagi RailwayFirst Mortgage Ts, series " C."
Second Murtgaste 7s, series "I."
TermlUioQ County, IndianaCounty 6i.
Wabash CouQ'y, IndianaGravel Hoad Os.
Ifitt-'tttcial.
^3,S00,000
ing bonds Is payable at the bankinB house of
Messrs. WINSLOW. LAKIBR & CO.. corner of
XLH
[Vol,
Iransaet a General Banking Business
Branch
Offices:
Connected by PritaU Wire:
Philadelphia, 132 South Third Street.
Albany, N. Y., 65 State Street.
Providence, R. I., IS W<>=iminster St,
SaratogF^, N, Y., Grand Union Hotel.
tmtk
HUNT'S MERCHANTS* MAGAZINE,
aKPRESENTING THE INDUSTRLAli AND COMMERCIAIi INTERESTS OP THE UNITED STATWL
VOL.
SATURDAY, FEBRUARY
42.
CONTENTS.
THE CHRONICLE.
253
254
Olearing-nnusn Returns
The
FliiHB.lrtl SttUiition
Oovorniiit'iit
rcncv Stabl
Hcsorvo and Cur-
256
It}
St. PauI <& OiQiiba's
iintaforthe LatoYear.. 257
York Uralu Receipts for
Clik'a)ic>
\i
Niw
259
January
Monetary
and
CommeTolal
English News
261
Retuins o( the Banks of tbe
Dominion of Canada for
January 31, 1886
263
Commercial and Miscellaneous
News
264
NO. 1,079
27, 1886.
1103,134,000 a year ago, and after, as usual, deducting doubl»
these values from the total New York exchanges there
remains $304,419,848 and $259,785,626 in the two years to
represent the exchanges of other origin, or an increase of
51 '8 per cent.
Week EnMnt
issa.
NewTork
teS3,469,ai8
Week Aiding
Feb. 80.
1888.
1446,053,826
Per Cent
1868.
Feb. 13,
Percent
+46-S
$714,701,983
+40-1
(2,800,7891
(+871)
Sola of
(Cotton
baltt.)
(Orain. .bushtla)
(672,800)
(274,000)
(18.645,000)
(21,803,000)
f+49-1)
(+148-5)
(-14-5)
(20,9^,820)
!+0-8)
iPttroUvan^,bbU.)
(91,966,000)
(84,137,000)
(+69-9)
(77348,000;
(+98«>
$76,530,248
4,230.700
$66,238,'; 78
+361
1,107,>*67
938,369
746,329
743,930
760,795
510,618
950,227
768,254
676,349
688,526
449,719
+19-0
+50-1
+1-9
-a-6
+10-5
+13-5
$77,496,188
4,267,800
1,783,586
940,343
755,975
7TV,514
845.014
331,672
+SS-1
3,656,900
1,682,81s
»86,153,82'
$84,434,818
+33-7
$87,369,789
+80-7
$57,621,500
7,382,096
12.986,274
$41,038,753
6,833,277
10,090,228
+40-4
+258
$48,691,964
7,350,647
+28-4
12,466,841
+24-6
+84-4
+6-8
$77,902,870
$56,962,258
+36-8
$88,809,458
+80-B
Chloago
Cindnnatl
$39,326,505
$32,790,641
8,796,150
7,712,900
Milwaukee
2,887,140
2,448,870
+19-9
+14-0
+18-0
+S6-8
+10-4
+2-0
Detroit
8,948.398
2,080.032
+431
$41,688,378
8,829,650
2,843,832
3,048,802
+408
IndlanapoUi
Cleveland
Colnrnkiu
1,077,102
1,877,94-
1,076,811
+0-03
1,702,006
+103
1,184,574
2,146,928
+340
1,493,013
1,143,065
629,684
2,746.019
649,365
-SO
1,571,837
718,876
+S1-0
+88-8
1,771,483
+55-0
2,442,844
+380
(2,436,949!
Thb Comhercial and Financial Chronicle U published in
New York every Saturday morning.
lEntered at ttie Post OiUce, New York, N.Y., as second class mail matter.
J
Terms of Subscription— Payable in Advance:
I
For One Year (Including postage)
JIG 20
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do
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Annual subscription in LonUon (luoludinsc postage)
«2 78,
Six Mos.
do
do
do
*1 8s.
These prices Include the IrrvESTORS' Supplemeut, Issued once in two
months, and furnished without extra charge to subscribers of tbe
CUKONICLB.
Buiwcrtptlons will be continued until definitely ordered stopped. Tbe
puWishirs (uinnot he responsible for remittances unless made by Drafts
or Post Ollioe Money Orders.
A neat tile cover Is furnished at 50 cents postage on the same is 18
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Offices in England.
The office of the Commerciai, a.no Fi.va.scial Chronicle in London
is with Mesiirs. Edwards & Smith, 1 Drapers' Uardcns, E. C, where subaortpiions ami advertisftuients will be taken at the regular rates, and
Blngle copies of tlio p iper supplied at Is. eacli.
TheotUceof the Chkoniclk in Liverpool is at B15, Exchange Bulldinss
WILtJAM B DANA } WILLI.V.TI B. OjIIVA. ^k Co., fublishera,'
•
:
\
(
'
JOHlTo
fIovd
" "^i".
'^
^
'9
*
81 IVUIlam Street, NEIW
p^^^ Offiob Box 958.
YORK.
.
Boston
ProTldenoe.....
Hartford
New Haven
Portiaod
Worcester
Siprlogfleld
LoweU
Total N. England
Phlladelpbla....
Pittabnrg.
Baltimore
Total Ulddle...
—On
page 283 will be found the detailed returns of the PeorU
Omaha....
Banks of the Dominion of Canada for Jan. 81, furnished us Denver*
by the Deputy Minister of Finance, Mr. J. M. Courtney. The Total Western..
returns for June 80, 1885, were published in the Chronicle of
St. Louis
Aug. 15, 1885, on page 176, and those for Dec. 31, 1884, in the St. Joseph
New Orleans
issue of Jan. 31, 18S5, on page 139.
LonlSTlIIe
CLEARING HOUSE RETURNS.
EansuCitr
Memphis
Galveston*
(1,718.213)
+1O0
-f30-6
3,038,260
(868,800: (+888^0)
+1»
+48-S
-8-8
-le-?
+23-0
+W8
+9-3
—«-9
8,479,708
$81,781,956
$51,!:63,173
+20-3
|&1,453,318
+2«-5
$13,695,454
8*9,408
8,938.347
4,079.642
4,201,883
1,612,747
1,249,495
$12,822,788
472,593
+6-8
+79-S
+9-7
+9-3
+4-8
+28-9
$14,782,346
901.233
+18-1
+150-7
9,893,685
+188
4,486,864
4.348,480
+890
1,375.584
-83-S
8,193,970
3,73.!,300
4,009,565
1,315,708
+8-7
1,625,825
In spite of a further small reduction in the aggregate of
Total Southern..
+9-4
$33,426,381
+14-9
$30,847,904
$38,766,092
bank exchanges the returns continue to be very satisfactory,
BanFrandaco
+5-7
$12,140,049
$11,489,197
$10,792,066
and this becomes more apparent by contrasting the figures
Total all
t984.874.uil
+40-3
+88-0
t680.810,776
with those for the same week of last year. Comparison Outside
New York $271,406.0631 $814.787.150 +86-4
+ 831
indicates that the present year has made a gain of 40'2 per
• Not Included In total.
cent in the whole country, and that outside of New York the
Our usual telegraphic returns of exchanges have been reJ
excess reaches fully 26 4 per cent. An examination of the ceived and are given below. The figures for both years cover
accompanjing table reveals the fact that a majority of the only four business days, Washington's Birthday having intercities outside of New York record some decline from the vened.
The exhibit is a favorable one, there being an excess
returns for the week ended February 13, but the gain of over 1885 in the aggregate of per 81 -5 cent, and with Newnearly nine millions at Philadelphia is more than sufficient to York excluded the gain reaches 18-1 per cent.
1 counterlalance
the aggregate falling-off at other points,
Five Day§ Ending Feb. 26,
a lyy Bnd^g Feb. 19.
leaving the total $4,514,316 in excess of last week.
Labor troubles, although they cannot be said to be of such
importance as during portions of 1885, continue to be disturb- NewToifc
Sola of stock (<k>.)
ing elements in some localities, notably the lockout at the Boston.
McCormick Reaper Wotks at Chicago. The movement of the Philadelphia..
Baltlmoiv
staples of agriculture have been on a freer scEile, the receipts
Cbloaso
of cotton at the ports and interior towns for the week having SULonls
been double those of last year, while the receipts of grain at New Oriaui...
Total
Western lake and river ports were nearly 1,600,000 bushels in
j
,'
'
I
;
i,
,
ij
t
'
\
excess of 1885,
a
Share transactions on the New York Stock Exchange cover
market value of $144,525,000 for the week, against
Balance, Countrj*
TotalaU
t874.»3S,«83
t»18.83».730
Vnrk ~»l99.a88.781
anlnuted on the basis uf the
tl6».i;a0.57M
Ontllae
•
Wew
lost
+3I-8
~^18-l"
weeUr iMoras.
THE CHRONIC LK
25-1
countries
TBE FINANCIAL SITUATION.
better
demand
There has been a little
week but no special change in
past
for
rates.
money the
Call loans as
and occasionally at 2^ per cent. A
better
feature in the commercial paper market has been a
offerliberal
more
supply of notes and also a prospect of
and
advances,
for
ings, some houses issuing acceptances
and
made
already
goods
for the discount of sales of
cent,
This condition, present and prospective, causes
buyers to be a little more independent. It has been
noticed that one of our largest banks has been to a considerable amount debtor at the Clearing House on four
delivered.
days of
this
an endeavor to restore
silver to its fornaer
function as a legal tender, thereby giving
more
represented by bankers' balances, evidence a trifle
at 1|
freely
out
put
being
loans
inquiry,
the
in
urgency
and 2 per
m
[Vol. XLII.
week, and the claim was made that this
indicated payments for Reading stock bought by Austin
Corbin and some other large customers of the bank. "We
instead of
it
These
a fl'uctuating value."
a permanent
are, of course,
mere resolutions of a body of merchants and are far from
being government action, but they represent the sentiment in commercial circles which is becoming more and
more pronounced and united as the distress which is produced becomes more severe and it cannot be so very
long (there are more voters in England than there used
to be) before this ground swell which is thus growing
broader and deeper makes itself felt.
America's position in this crisis no thanks to Congress
but to the wisdom with which our Government finances
;
—
managed
are being
—
is
one of increased confidence and
According to the present outlook we can wait
another two years without any risk at all, even if
assurance.
Congress chooses to
situation
is
let tha coinage go on; for the whole
changed with the change that has been made
no significance whatever in in the character of the Government receipts of revenue.
these debtor balances. As to Mr. Austin Corbin, although We think that this month's receipts, when the record is
he has millions, he has no gush or sentiment in the spending made up, will show perhaps better than any month. So
of his millions, and is the last man likely to put his all the advocates of a correct currency system have to do,
is to bring the sentiment of commercial cla ses in each
millions into a hole without a bottom.
are informed that there
The
bills in
is
cable reports discounts of 60-day to
London
at \\ per cent, while the
three
months section
Bank rate remains
country
our
of
until they are forced to
to
bear
upon
Congressmen
give the country the
relief it so
Let there be an organization in every
unchanged at 2 per cent. There has been a steady move- much needs.
ment of bullion out of the Bank of England during the Congressional district that will ignore party (for there are
week and presumably into the Bank of France, the 'latter no parties now worth clinging to) and vote for no man
but still, notwith- who will not unqualifiedly pronounce himself in favor of
institution reporting a decided gain
;
standing this movement, the
its
bullion
reserve,
Bank of England
showing
that
there
has increased
suspending silver dollar coinage until Europe takes action
must have on
Our foreign exchange
this question.
It
does -not require
many
resolute
men
and while this silver problem
a remains unsettled there is no other question worthy of
market has remained steady at unchanged rates
part of the demand has been satisfied by exports of gold, the attention of any one engaged in an industrial purbeen a drain from the interior.
to
turn an
election,
;
$982,219 51 in bars and $410,000 in coin having suit.
In the meantime it is gratifying to see that even in the
been shipped to the Continent by the Amerique, which
sailed on Thursday.
These shipments of course made the West and South there is a large and influential class who
This week we notice the passage
inquiry less urgent, and at the moment of writing it seems understand this subject.
probable that further remittances this week can be made of a resolution by the Milwaukee Chamber of Commerce
with bills instead of sending more gold. Capital continues in favor of the suspension of dollar coinage, also a petition
presented to the House by Representative Scott to the
and the offerings of short sterling same effect, signed by " sixty-six leading mercantile firms,
come principally from maturing drafts and cable trans- &c., of Norfolk, Virginia," and this latter is by no means the
fers.
first notification the South has sent up showing how it is
The week's facts and news with relation to silver and misrepresented at present we think it was last week that
currency matters are in some respects important. Bar the Savannah merchants made their protest. Another
silver in London has gone back again to -iSid. per ounce, incident of the week is a similar petition presented to the
the improvement, as we understand it, being due to a House by Mr. Hewitt, signed by the presidents and cashlittle increase of confidence in Earope in the metal, on
iers of all the savings banks in the State of New York,
account of a growing need and disposition there, among who represent 1,165,000 working men and women, whose
the leading powers, to do something to arrest the decline. combined savings amount to $437,000,000. every dollar of
to be invested in sterlmg for security, thus absorbing the
supply of long
bills,
;
,
,
We
is required, but the certainty
which, the Herald well says, is now a hundred-cent
end be their refuge and relief, to dollar, but our silver advocates in Congress are striving to
throw them back upon some measure of self-help. Com- turn into an eighty-cent dollar. Our readers will recall
mercial depression and trade derangement are producing Mr. Townsend's letter in our issue of January 23 and the
such a crisis all over Europe, that to ignore the cause will analysis of the debtor class to be benefitted by cheap money
not be much longer possible. We notice that Mr. For- which he there gave with so great clearness. It is pretty
that
'
are assured that nothing
we
will not in the
wood, a prominent merchant and ship owner of Liverpool,
and Member of Parliament from Lancashire, in address-
evident
ing a meeting of the Chamber of Commerce at London
sents only one State.
on Wednesday, on the present depression in British trade,
attributed it mainly to the demonetization of silver and
the consequent appreciation of gold.
At the same meet-
that
army
this
strong, are not a part of
A feature
of
and advance
in
men and women,
of
And
it.
1,165,000
yet this petition repre-
week has been the strength, activity
Government bonds, the demand being so
the
ing by a vote nearly unanimous
urgent for the 4 per cents that they have sold at the highVery naturally this has excited a
est price on record.
depreciation of silver and
little
its
it was resolved that " the
present tendency toward dis-
inquiry as to the character of the investors who, in
money are disturbing trade generally and England's
Eastern commerce in particular."
Another resolution
the face of the noisy threats in
adopted by the meeting, contained the following
guage. "
urge the Government to unite with
bondholders.
use as
also
We
lan-
other
these obligations in
millions of
On
silver,
inquiry
Congress as to paying
have dared
we
to
become bloated
find that probably at least 10
the 4 per cents have within two weeks been
Febhuajit
THE CHEONICLE.
27, 1886.J
255
On Tuesday it waa announced aa *
bought up by these very Mvings banks. Ilenoe the threats solve the mystery.
Senators ami Representatives seem to be aimed fact and with all the particulars that Mr. Gowen had
1,165,000 actually purchased the Vanderbilt interest in Reading by
directly at these greedy, grasping capitalists
men and women who have the audacity to lay up a few the help of Mr. Austin Corbin and others. We have
dollars of their present earnings to spend when they get too stated above what we think of the Corbin part of the
of our
—
—
old to work.
the
1
new inquiry
the Secretary
this
week,
is
proper to add that the exciting cause of
1 is
for these securities
issuing, another of
institutions
the
is
the bond calls which
which has been put out
holding these bonds being
seems now quite probable that the rest of it
no more so. As yet no one haa
had time to stop and disclose the advantage to Mr. Gowen
of more Reading stock. An opinion prevails that he would
rumor, and
is
it
equally reliable, but
o the reach like to borrow money on the securities of the road he
The supply is limited, and hence the new already holds rather than add to the burden, and that hia
friends could be very serviceable in that direction if they
demand has pushed up the price.
In all the vicissitudes of the stock market, and had the disposition to open their money bags as freely as
The cutting of rates to Califorapparently unaffected by them, the demand for bonds they are given credit for.
roads
recently
values
the
and
steadily
improving.
nia
by
in the Trans-Continental pool
increasing
keeps constantly
this
week
been
vigorous,
number
of
Money
has
the
Market
the all-rail rate by the
last
the
We notice in
Review of London an article stating that such is the Burlington and the Atchison having been reduced to
inquiry from New York that the London market is being about $52, and the "Sunset" rate, with steamer from
drained of bonds, and advising Eaglish investors to follow New York to Newport News and Chesapeake & Ohio
" from this side, and instead to
New Orleans, being down to $37 50.
The
this " plainly-pronounced lead
of selling their bonds buy some more, particularly the Pacific Mail directors are stated to have decided upon a
That there has been a heavy demand weekly service, and when this commences another drop in
lower-priced ones.
anxious to replace them with securities bey
of future
calls.
and important advance in quotations during
of
course
well
is
or seven months
persons
appreciate
the
that
few
we think
In
June
last
movement.
Erie
of the
th6 last six
known,
real
but
extent
2d consols
In the
to-day they are selling at 102@103.
sold at 45
same time the first consols, which have not been in
default, have advanced from about 112 to 137. But there
Yet note
are exceptional reasons for this, some may say.
that Denver & Rio Grande consols have gone up from
about 50 to 93, the first mortgages of the same company
from 80 (this was in January a year ago) to 120, the Rio
Grande Western from 40 to 75 and the East Tennessee
consols from about 45 to 80.
These bonds certainly were
not subject to the same influences as the Eries. Then
there are others like the Chesapeake & Ohio series B,
which have gone up from 58 to 83, Columbus Hocking
Valley & Toledo consols from 60 to 93, Fort Worth &
Denver from 62 to 90, Indiana Bloomington & Western
Ists from 60 to above par, Louisville & Nashville general mortgages from 80 to 106 and collateral trust
bonds from 70 to 104, Canada Southern 2ds from
65 to 92, Oregon Trans-Continental from 65 to 97,
Northern Pacific Ists from par to 115, Iron Mountain
fives from 70 to 95, Kansas & Texas general fives from
60 to 82, and so instances might be multiplied almost
without number. The rise has been most pronounced in
the lower-priced securities, and each week sees some
bond or bonds, apparently neglected before, again brought
;
into
is promised.
On the other hand, however, there
have been rumors within a few days that the differences
rates
were
thing
be compromised speedily.
The rates have
would appear as if about the only
for the roads to do was to compromise the matter.
likely to
now
got so low
left
that
Pennsylvania
January,
it
Railroad
statement
must be admitted,
month
the
for
of"
and falls
much below the expectations that had been formed with
regard to it.
But while on the one hand the company
had the higher tariff rates in its favor, on the other hand
it had to contend with
the worst January weather that
the country as a whole probably ever experienced, whicb
it
is
unsatisfactory,
not only interfered with the ordinary operations of the '^
road, but greatly increased the expense account.
In that
important to note that the falling off in net
wholly the result of heavier operating expenses,
that gross earnings (on the Eistern lines of course
sense
it
earnings
is
is
the
only
not
fail
from
ones
record
to
which
we
get the
improvement
an
details)
and
did
as much as $144,014 over 1885, notwithstanding the
drawbacks occasioned by the weather, so that the return
is not without its redeeming feature.
Still, in comparing
with 1885, we are comparing with a year when the result**'
was very poor. In the matter of the Western lines, we
have not the figures of gross earnings, but the net result'
is stated to be a deficiency below the amount needed to meetll
.ff'
month of $129,707, against a deficiency in the previous year of only ,$42,807, and a surplus of
the charges for the
and dealt in at advancing values. $221,810 in 1883, and a surplus of $381,207 in 1881.
issues have also scored a consid- The following will show the out-turn on both the Eastern
most cases, but of course proportion- and the Western systems for six years past.
prominence,
The higher-priced
erable rise
ately
in
much
less
better class fives
than the lower -priced
sell
ones.
All the
above par now, and some above 110,
while this week the leased line 4 per cent stock of the
Central (which by reason of the Illinois Central
Illinois
guarantee partakes of the nature of a bond) sold at par.
The same company, as announced in the Chronicle last
week, is now oSering through Vermilye & Co. 2| million
bonds
JAJOTABT.
1886.
Pennsylvania.
Oross earninfiB
Operat'K expenses.
3,421.636
2, 469,996
t
t
Net earnings...
051,541
Western lines
-129,707
Resnlt
1885.
821,834
1884.
$
1SS8.
t
1883.
»
1881.
1
»
3,029,357
2,458,290
8,373.321
S.189,215
8,299,063
1,962,8M
900.574! 1,166,136' 1,471,068
1.071.266
1,206,861
3,277,522
2.28(i,048
3,574.233
2,408,007
-42.807 -110,586 -1-231.810
047.767
1.055.551
1,6924138
-+-»2.74«; -(-381,207
1.117.0141 1.868.068
bearing no more than 3| per
Here we see that against the net of $951,541 on the
cent interest, which would seem to be the lowest rate of
Eastern lines this year, the net in 1884 was $1,166,136,
(to retire prior issues)
interest in a
country on a
mortgage ever made by a railroad in the and
new
issue of bonds.
The stock market has been more or less unsettled this
week, mainly by the various rumors afloat about the purchase of Reading stock and the failure of the syndicate
plans.
All the time, however, there has been a strong
undertone, and speculators were put to their wita'-end to
*'
increased^
the
in 1883 $1,471,058.
Western
for 1886
is
lines,
Allowing for the deficiency on
the net result on the combined system
m
January,
only $821,834, against $947,767
in 1884, and $1,692,868 in 1883—
1885, $1,055,551
decline in three years of over 50 per cent.
Northern Pacific also makes an unfavorable exhibit for
The gross earnings, it haa been known, were
January.
THE CHRONICLE.
256
[Vol.
XUL
The Bank of Germany
appears that and of 1,932,000 francs silver.
smaller than those of a year ago, but it now
gained
marks
since
expenses
11,680,000
the
last report.
The folthat account,
in addition to the loss of $73,252 on
lowing
indicates
the
amount
only
of
bullion
were
in the principal
year
increased $9,704, so that net earnings this
January is always a European banks this week and at the corresponding date
$30,052, against $113,008 in 1885.
year it was espe- last year.
this
the company, but
poor month with
of the very
cially so, because
bad weather experienced.
How much of an influence the weather was maybe judged
from the fact that as the receipts for the month were
per
$480,330 and the net only $30,052, it took nearly 94
Feb. 26, lUbS.
Feb. 25, 1886.
(hid.
(Md.
SMfVtT*
iSUner.
£
regards
cent of the earnings to operate the road. As
the decline in the receipts, apart from the influence
of the weather, it is to be noted that the mail earnings
Bank of England ....
Bank of France
Bank of Germany
24,218,333
22,981.670
47,600,147 43,715,>'>07 40,142,858 41,605,018
18,663,685 16,550,815 13,010,850 15,902,150
Total tills week
Total prevluDB week
89,305.502 60,266,322 77,372,041 57,507,198
88,139,623159,914,524 78,883,587 57,401,651
year were unusually heavy, having risen to $84,669
from only $14,412 in January, 1884. Now there has
been a decline again to $29,169, which involved a loss in
The Assay Office paid $207,374 through the Sub-Treas
ury during the week for domestic bullion, and the Assistant Treasurer received the following from the Custom
the present year's receipts of $55,500 (out of a total loss
House.
last
.. ..
of $73,252).
OonsUting of—
The company never earns its proportion of the fixed
charges in this month and a deficit invariably occurs, but
this year with the net reduced $82,956 and the charges
increased $77,802 (the latter by reason of a heavier call
for interest and also on account of the guarantee to branch
greater than usual and
is rather
roads), the deficit
amounts
to
following
is
$430,274, against $269,516 in 1885. The
a comparison for three years, both of the
Dale.
Dnttei.
U.S.
Nota.
gold.
Gold
Silver Oer-
Oertifle'i.
tificatet.
8432,752 51
381,413 83
$2,000
2,000
$225,000
186,000
$169,000
165,000
$36,000
28,000
23.
24.
23.
754,453 38
819,163 75
438,309 52
Hoil
2,500
4,000
3,500
377,000
397,000
229,000
319,000
373,000
168,000
54.000
43,000
39,000
Total.
*2,826,092 99
$14,000*1,114.000 $1,192,000
$200,000
Feb. 19
"
"
"
"
"
20
22
Inchided in the above payments were $7,000 in
silver
and those for the seven months of the
January
"With regard to the
fiscal year to the end of January.
1884 earnings it should be remembered that the Cgeur
coin, c liefly
d'Alene gold excitement then temporarily enlarged the
GOVERNMENT RESERVE AND CURRENCY
figures
standard dollars.
STABILITY.
business of the road.
Mr. Morrison has disappointed his friends, and
July
January.
Northtm
Orou
January
I to
31.
we
fear
any national reputation
greatly harmed
into the House this
introduction
the
is concerned,
by
week, from the Committee on Ways and Means, of a
himself, so far as
Pacific.
earoings
OporaVg expenses.
Net earnings...
Fixed cbarges
1885.
»
t
1884.
1886.
1883-84.
1884-88.
t
480,330
450,278
B53.582
440,574
614,103 7,223,600
449.294 8,552,587
80,052
460,826
113,003
164,809
382,534
t
7.181,801
7,232,092
S.708,724
4,146.008
8,671,033
3,472,577
3,086,084
3,470,837
8,042,807
joint resolution directing
be seen that when
result to that of the previous six
ings almost $200,000 greater
the Secretary of the Treasury,
whenever his surplus exceeds $100,000,000 (including
amount held for redemption of United States notes), to
s'r 200,696 «'r 429.770
d/.43n,274 d/.269.516
Surplus
It will thus
1885-88.
we add the January
we get net earn-
months,
than in the corresponding
apply such excess in paying the interest-bearing indebtedness of the Government in sums not less than $10,000,-
000 per month.
There is a little ambiguity about the resolution which
in we presume will be corrected when its consideration is
the charges, the surplus remaining is only $200,696, reached.
That is to say, although at first sight it looks
against $429,770 in 1884-5.
was to make 100 millions the working
intention
the
as if
The following, prepared from returns collected by us, surplus, and to require no bond call to be issued until the
shows the week's receipts and shipments of gold and cur. excess was $110,000,000, yet a strict compliance with ita
rency by the New York banks.
provisions might really reduce the working surplus below
seven months of 1884-5,
those months of
WtOi etUUnt
and $585,000 greater than
1883-4.
But owing to the increase
lUeetvedby
Feb. 26, 1880.
Net Interior
Movement.
SMpi>«Il>v
N. T. Banta. N. T. Bank).
u,iGO,ona
SoM
1243,000
Gain.... $907,000
Gain.... 50,000
1843,000
Gain.... 1957,000
B0,000
Total Kold and leml tenders
The above shows the
11,800,000
actual changes in the
ings of gold and currency caused
by
in
bank
hold-
movement to and
movement the banks
this
100 millions; for the direction is "whenever the surplus of
* *
" balance"
"shall exceed the sum of $100,000,000,
" it shall be and is hereby made the duty of the Secretary
" of the Treasury to apply such excess in sums not less
" than $10,000,000 per month" to the payment of the
The word " whenever" means of course
funded debt.
always, without exception; and since, as soon as the
from the interior. In addition to that
have lost $2,500,000 through the operations of the Sub- surplus reached say 101 millions the precedent contin.
")
Treasury and $2,675,000 by exports of gold. Adding these gency specified ("shall exceed the sum of 100 millions
requirethe
whether
the
question
arises
attained,
would
be
items to the above, we have the following, which should
become
indicate the total loss to the New York Clearing House ment of a 10 million bond call would not then
"
banks of gold and currency for the week covered by the imperative, on the assumption that the " excess would
amount to the necessary " sum "of 10 millions when the
bank statement to be issued to-day.
30-day call matured and the appUcation of the money
irMk «n<«n«
Feb. 86, 1886.
IntoBanla. OutofBatikt. Net Change in
Bank HoUUngi
Banks' Interior MoTement, as above
Snb'Treas. oper. and gold exports..
(1,200.000
6.500.000
(243.000
10,875,000
Total Kold and legal tenders....
te,70o.ooo
110,918,000
•
Gain..
tS57.000
Loss.
6.175,000
Loss. *4,218,00O
The Bank
of England gained £228,373 bullion during
This represents £379,373 drawn from the inand £151,000 net sent abroad. The Bank of
the week.
terior
France
shows
an increase
of
15,700,000
francs
gold!
was required.
This whole movement
is
such a bold and startling
important to have the
peculiarly
innovation that it is
exact Umils of the suggestion plainly and accurately
Think for a moment what the "surplus of
stated.
balance," as the resolution calls
basis
._..
.
convertible
.
Some people who
it,
covers.
First, it is the
system.
currency
.^. entire paper
our
.
^-r
look at it carelessly suppose that the 347
„.
of
Fkbruakt
THE CHRONICLE
87, 1886. J
257
fidence; how slow a growth confidence is; and how comwould have to pletely it would be destroyed by new doubts respecting
That fund is as the stability of our measure of values; and yet the Chair'
This is an entire mistake.
protect.
of
the people's con- man of the Committee on Ways and Means is willing to
much the guaranty of, and source
into
specie
of bank notes hazard all this, and run the risk of demoralizing comconvertibility
fidence in, the
Our
paper money merce and dispelling the hopes business men had begun
tenders.
legal
•8 it is of the
Government,
system
of
distrust,
feature
this
in
is
moment
a
in
the only currency the
are
millions of legal tender notes
the
one,
all
legal
to indulge again, with the only
tender being the basis of the bank note and the Treasury
hence the fund
balance the basis of the legal-tender
the trivial
supports the people's faith in the convertibility of the entire
Remember, too, that the money
665 millions of notes.
it
is not kept for moments of confidence, but to
ensure confidence and to prevent a panic extending to the
of the
But
;
•balance
currency
when
bank note
is made that the
Government bonds, and the legal
tender has the Government back of it also, so that they
are good whatever happens. Even granting that conclusion,
such a condition never saved a man nor a government
from protest, for it is convertibility not ultimate payment
with
secured
which
is
Permit the idea to obtain ever so
required.
that there is doubt as to this convertiand the bank notes and the legal-tenders will
immediately commense to pour in for redemption. "When
that movement begins no one need imagine that the
footing,
little
bility,
security
the
the place of
is
the note will
back of
illusive
deemed and
that
legal
the Treasury will
in
idea seems to prevail
we have
;
any extent supply
to
demanded.
specie
suppose
to
seen
Furthermore,
tenders
stay
it
in.
once
it
re-
Some such
stated that 100 mil-
would be the utmost limit in any panic of the available supply. Without questioning that assertion, we must
keep in mind that what goes into the Treasury one day or
week, must come out the next redemption of a suspected
lions
;
currency
is
a rotary motion, rapidly accelerating
when
it
has once started, requiring specie every time the note
touches
the issuer,
specie in
bank the
this case the
in
this
balance
our
of
tion
currency,
Government
point so fully and
as well.
fairly
the redempworking reserve
Mr. Hewitt has set out this
reserve
but
in
Nor
Treasury.
least reliance or source
is
of strength for
would conduct his business,
the
fact,
better
of saving
servos another important purpose;
not only held as a
is
avowed purpose
interest the difference requires.
is
against
the
a minority report, that
unnecessary for us to enlarge upon
distrust prevails.
the claim
Of course
is
amount of
his credit
it
here.
however good
it ia
No man
his credit (in
the greater prudence and
caution he will display in this particular) without carrying
a cash balance in proportion to his monthly needs.
yet
it is
ment
of
And
proposed to force by an inflexible law the Govern-
United
the
States,
which
spending 350, per-
is
haps 400, millions a year, to shin along from day to day
all,
except what has hitherto been
deemed necessary for the safety of our currency, a measure
of safety adopted, too, before the doubt as to silver had
with no reserve at
impaired confidence.
statesmanship
As
Can the people ever applaud such
?
appears to us there is only one feeling that would
any fair-minded man in his judgment as to the
amount of reserve to be held ia a case of this nature and
Absolute safety would be his only thought,
importance.
giving the Treasury the benefit of every doubt. The
margin, he would say, must be so broad that there could
be no chance of a mistake, and it must be a full provision
This
not against fair weather but for stormy times.
it
control
because the Government
when danger threatens. To
withdraw currency from commerce at such a time would
latter is particularly important,
cannot increase
its
balance
precipitate disaster in mercantile circles.
Precedents also ought to have considerable weight in deSuppose our banks last May had
had distrust in the currency to meet in addition to their termining a question of this importance. The year of 1879,
other troubles, how far would their resources have gone when we first entered upon specie payments, was a period
towards relieving the Government ? Even as it was, the of some currency doubt just as the present year is, though
To meet that doubt and to
banks leaned upon the Government, instead of the Gov- from a different cause.
ernment leaning upon them. The specie in bank is held cover every possible contingency the Government thought
the notes at such a time.
At
against deposits.
the last return of the National
it
wise to carry
a very large balance, the average of the
first of each month for the twelve
and gold certificates (besides 79 millions of legal months of that year reaching the large average of 246 miltenders), and held of deposits $1,126,490,000.
lion dollars.
Nobody grumbled then the very strength
Associations (Dec. 24, 1885) they had about
156 millions
balances reported on the
of gold
;
Then there
Government exhibited was the basis of the confidence
particular danger and makes a larger balance rather which sprang up and afforded us a cycle of prosperity
than a smaller one necessary just at present. We refer to such as the country had never before experienced. But
the peculiar delicacy of the currency situation, because of even in 1880, when we had passed beyond all currency
silver coinage.
We need not recite the facts, for if we doubt, the average of the balances (obtained by the same
mistake not, Mr. Morrison admits them.
Nothing but the method) was 150 millions; in 1881 it was 147 millions; in
superb management of the Treasury Department the past in 1882 it vaa 140^ millions; in 1883 it was 144^ millions;
year has averted a disaster.
Even as it is, foreign ex- and in 1884 it was 146 millions. Those years cover thie
change has ruled only just below the gold-shipping point policy of the Treasury Department since specie payments
is
another circumstance which enhances this
the
were adopted up to the year when the present Administration took control.
It was not a policy fixed by law,
out rapidly. But Secretary Manning has been preparing for but represents the judgment as to the needs of the Treasjust that contingency all the year.
He was wise enough ury Department of the various Secretaries that have been
to foresee it and clever enough to devise the means for in control. Now, for the first time, it is proposed to ignore
during six months,
trade balance
all
wtiile
we have been having
a good
the time, and finally gold has begun to run
strengthening the Government against the day of trial.
At this juncture Mr. Morrison comes in with his proposition,
although as
we
see the
moment
is
thus
critical,
We
rially
take
heed-
demanding a very material decrease of the balance,
a decrease, if effected, that could not fail to weaken confidence in the stability of our currency.
all know too,
how dependent industrial activity is upon public conlessly
away all discretion, reduce the reserve mateand make the regulation inflexible hereafter.
all this,
CHICAGO
The
Omaha
PAUL dk OMAHA'S ACCOUNTS
FOR THE LATE YEAR.
ST.
year of the Chicago St. Paul Minneapolis &
Railroad ends with the 31st of December, but the
fiscal
THE CHRONICLK
258
[Vol.
XUI.
Admitting this, however, it can be said in reply that the
is not due till the
May. To enable our degree of improvement has been such that the comparison
readers, however, to see what kind of a showing the road is flattering to 1885, even when made with the years precedcertain ing 1884. In truth, most of the 1885 totals are the best on
is able to make, we have, as in past periods, obtained
To bring this fact out, we have arranged the
pretty record.
a
present
to
special facts and figures which permit us
gross
and
they
net results by quarters, and give the statement
year
as
late
the
for
accurate forecast of the results
below
same
for
four years.
the
when
year
that
report
for
will be disclosed in the
annual report of the year's business
latter part of April or the first part of
In view of the increased interest with which
have latterly been regarded, this insecurities
road's
the
tonnation will be especially welcome.
is issued.
The affairs
of the road,
it is
gratifying to note, are mak-
ing very satisfactory progress, and the accounts for the
year exhibit a degree of improvement that stands in sharp
discouraging returns that marked the
In prebenting the
road's business in the early months.
October, we took
year,
last
figures for the first half of the
contrast to the
that while
occasion to point out
months
the exhibit for the six
was unfavorable, this was simply benionths had done so poorly, that towards
as a whole
cause the earlier
the close of the half year a decided change for the better
had taken
place,
of further
good
The
and that
results in the
tinued to
remaining half of the yea'.
The improvement noted
the end of the year, and
gained force with
its
held out the promise
fact
we now have them, do
actual figures, as
promise.
this
not belie this
in
May and June
in
fact
progress, for while at
seems
first
to
con-
have
the better
CliUago St. Paul Xinn.
First
4 Om.
Quarter—
Gross earnings
Operat'g expenses and taxes.
ISttS.
1884.
1883.
t
1.0»*,3!0
1,143,888
1.031J87
1,0-4,154
880,768
890,205
916,290
688,682
216,552
265,483
114,297
38S,47S
1,418,552
1,547,881
l,821,e02
1,134,864
942.341
1,205,105
917,833
471,211
342,756
404,189
1,549,857
957,332
1,463,774
1,462,845
1,304,378
973,8'i3
893,760
796,834
669,076
S07,5U
Net earning!
Second Quarter^
Gross earnings
Uperat'g expenses and taxes.
Net earnings
Third Quarter—
Gross earnings
Operat'g expenses and taxes.
Net earnings
1882.
t
692,325
803,248
351, 81S
I
—
Fourth Qaart4i
Gross earnings
Operat'g expenses and taxes.
1,754,281
1,627,609
1,700,051
1,428,806
940,710
938,090
896,135
962,023
689Jil9
803,918
478,788
5,784,932
4,007,023
5,515,285
4.962,802
3,823,827
3,240.787
Net eamlDgs
TearGross earnings
Operat'g expenses and taxes.
6,814,810
3,721,161
Net eamlnes
The
1,891,458
result in the
largely
by
first
the weather.
quarter
is
of course controlled
In 1882 the weather was excep-
from reduced operating expenses tionally good, so the net earnings then were quite large
gain in gross receipts.
The in 1883 the weather was very bad, so the net fell very
following shows the gross earnings, operating expenses low; in 1884 the weather was very much better, though
still a drawback, and there was a decided recovery in net
and net earnings for each month of the last three years.
earnings; in 1885 the first two months were again quite
1885.
1894.
1883.
bad, and net earnings again declined.
So it is not surprising that the comparison for that quarter is not favorGroM Op. txOrost Op. eX'
Net
Net
Gross Op. exNet
ErrCgt. ptntttt Em'te. Em'gs. pentee Eam^gs. Em'tw. penses Earn'gs.
able to 1885.
But in all the other quarters the 1885 net
A tares
A taxes
taxes
t
%
*
t
ii larger not only than in 1884, but larger than in any of
t
t
«
*
*
90,791 350,283 290.037
Jan... 831,4SS 300,682
80,248 308,465 308,154
311
the other years, and in the last two quarters the gross earn26,498 331,453 291,450
Feb.. 307,043 280,545
40,003 283,601 298.831 dr.16,230
Mch. 458.S24 299,511 159.263 463.952 308,718 155,234 438,521 309,305 129,218 ings are also the largest on record. For the full year both
April. 461,8i)2 315,010
149,882 567,998 370,197
197,801 429,339 290,091
139,248
May.. 478,152314,509 163,843 513,349 430,975
82,374 449,5fHl329,17;, 120,111
gross and net are heavier than ever before, the gain over
result followed simply
there was
later
;
also a
(fc
June. 470,608:312.822
July.. 472,823 317.071
Aug.. 476,229 311,405
Sept. eOO.QOS 328,856
Oct... 689,884 356.118
157,686 486,514 403,933
155,452 466.760 855,424
469.130 338,062
164.821
272,049 527,884j280,137
843,772 642,480 372,915
244.835 540,959 327.167
2ii4.964 {444.190 238,008
62,591
111,336
131,068
247,747
268,545
213,792
206,182
442,879 298,069
444,333 284,143
495,020 309,314
523,49^ 300,312
673,880 3,19.690
583,185 S07,10l
144,810
ieo,i90
185,706
223,180
1884 in the former being only $30,000, but in the net
being $315,750.
In its bearing
upon the position of the company
in net
this improvement
442,986 249,336
193,650
income is very important. As is known, dividends are
Total groaa earnings 5,814,810
6,784,932
5,515,285
Total op. eip,& taxes 3,721,151
4,007,028
3,623,827
paid only on the preferred shares, and the rate of distribuTotj net ea mlnffs. 2,033.659
1,777.909
1,891,458
tion was last year reduced from 7 to 6 per cent per
Here we see that in the last eight months there was a annum, but these dividends have almost always in the
gVn in net every month over the corresponding month of past been paid in part from the proceeds of land sales.
1884, which in the case of the last seven months at least Lately it has been claimed that the company was earning
did not result simply from lower operating expenses in the dividend in full out of the ordinary income from the
fact for the second half of the year the gain in gross is operation of the road, and the gain of $315,750 in net for
as much a feature of the returns as the gain in net, and 1885 would appear to sustain this claim.
if the total gross for the year runs but little ahead
of 1884,
But to determine the exact situation in this regard, one
it is because of losses in the first part of the
year, which must figure what the charges are that come out of the
in some of the months then had been quite heavy,
the loss company's net income. Taxes for the year were $222,489,
for April being over $103,000, and that for May
but these
$35,000. or about a thousand dollars less than in 1884
The first gain in gross ($4,000) came with June, and was we need not allow for, since they are included in the operfollowed by an increase of $5,700 in July,
$7,000 in ating expenses. As to the company's indebtedness, the
Mot.. 588,886 343,751
Deo.. 485.81l'240,847
334,19)
276,078
with
regard
to
dividends,
I
I
—
;
August, $73,000 in September, $57,000 in October,
$48,000 in November and $22,000 in December. It is important that this distinction between the early part and
the last
part of the year should be understood, since it
demonstrates
that had the changed condition ruled all through
the twelve
months the result for the year would have been still
better
total
interest- bearing
debt on December
31,
1885,
was
&
Tay-
$22,299,970 (the $30,000 of
St.
Paul Stillwater
bonds and $10,000
St.
Paul
lor's Falls
&
Sioux City bonds
held in the company's treasury not being included), bo
was no change in this item during the year.
The actual gross amount of interest paid on this indebtedthan it is now shown to be. The gains in gross
being ness was $1,338,519. As offset to this, however, there
in many of the months accompanied by a
decrease in was the income from interest and dividends on securities
expenses, the net was increased in a two-fold
way. It will held, which in 1884 reached $212,221. The exact amount
be claimed, perhaps, that in comparing with 1884
we are for 1885 we have been unable to obtain, but it was probcomparing with a very poor period— that
expenses then ably somewhat less. Taking it tiie same as in the year
were very heavy, while the eirnings were
not large. ended June 30, 1885, it would be $188,959, on which
that there
I
I
FKBHUARY
amount of
net
basis the
THE (.'HRONKJLR
27, 18«0.J
interest
1885
for
would
be
1884,
an
in
against a net of $1,107,925
$1,14!),.')(;0,
259
Thus 1885 was the but year in the history of the conGross and net we have already stated
solidated company.
rentals in were both largor than ever before, and the surplus remaia>
by whatever ing for the stock was as much as $879,271, against $607,>^
may have been the loss in operating the proprietary roads. 745 in 1884, $774,790 in 1883, and but $377,491 in 1881.
This latter has been a pretty constant sum in the past, and In only one of the years preceding 1885 did the income o{
as we have not the figures for the calendar year, we will the road sufTice to pay dividends, and then only slightly;
The amount paid
of $41,635.
increase
1385 was $63,130, which
is
for
to be increased
take those for the year ended June 30, 1885, when the in all the others, land sales had to be relied on to help the
amount was $11,692, which would increase the rentals to company out, the deficiency in 1881 being nearly $300,Now in 1885 we have
^64,828, and make the total charge for interest and rent- 000, and in 1884 nearly $200,000.
on the six per cent basis of
als $1,214,388, against $1,170,164 in 1884, an augmenta- a surplus of over $200,000
—
dividends, to be sure, but even on a 7 per cent basis there
tion of $44,224.
As to the stock,
This disposes of the item of charges.
1885, was
total of common issued on June 30,
the
and of preferred $12,646,833,
and $1,386,900 respectively held in
$21,403,293,
$2,843,633
$18,559,660 as the
company's treasury, leaving
would have been a surplus of over $90,000. Counting in
the land Kalet), the company had a surplus above all
with charges and dlnidends of $812,721 in 1885, against $470,the
1884, $552,091
894 in
amount $208,897
in
1883, $491,221 in
1882,
and
in 1881.
and $11,259,933 as the
same as a year ago.
amount
ORAIN RECEIPTS FOR JANUARY.
There is no reason to suppose that any change has
There
is less interest attaching to the grain movement
occurred since June 30, either in the amounts issued or
At any rate, the charge for 6 per cent during the winter months than at other seasons, since the
outstanding.
absence of water competition does not bring the question
dividends on the .$11,259,933 preferred stock outstanding
of the relative advantages of the water and the rail routes
comes very close to what the company reports as having
of
common
actually outstanding,
preferred
of
stock
— the
dividends during the
paid for
NEW YORK
year
— $675,408.
This
into prominence.
It
however, in the winter that the
is,
and thus realize
from the business.
3112,568 below the figure for 1884, when dividends were 7 per cent, so there has been a saving to the
railroads usually get their highest rates,
company
This year the situation as to rates has been peculiarly fav-
latter is
amount.
in that
relatively the greatest
amount
of profit
the tariff has been well mainby the $44,221 increase in tained, while in most other recent years, and notoriously
last year, it was only indifferently observed or disregarded
the charge for interest and rentals, we find $68,344 as the
Adding to altogether, thus depriving the roads in those years of the
net saving to the company on these items.
benefits that one would naturally expect to follow from
this the $315,750 gain in net earnings, and we get $384,-
Taking now
saving of $112,568 in the dividend
this
quirement, and diminishing
094 as the
As
1884.
amount
total
improvement
of
in 1884 the deficiency (on the
in 1885 over
but a balance of $203,862
results,
it
follows
made on
the other
In a word, the ordinary income of
1885 left a surplus for the stock over
side of the account.
the company
in
$200,000 greater than the amount needed for the six per
cent dividend actually paid.
proceeds from land
which
up $608,858
30, 1885, footed
recapitulation of
same with the
sales,
Besides
these
there
this,
in the
results in the
is
the net
year ended June
Following
additional.
results
the closing of navigation.
But while there has not been that drawback to fair
other circumstances have oper-
ordinary opera-
that not only has the whole of this been wiped out in the
1885
orable to the roads, since
it
meeting the dividend was $180,232,
tions) in
re-
a
is
and a comparison of the
four years preceding.
should be said that the figures for 1885 are
all
It
exact, with
profits this year, various
ated against the roads
movement.
liveries
by farmers and impeding transportation by the
trous failure, leaving very
to
go forward
Chlcato
St. Piiul
&
Minn.
Omtiha.
HUM (end of
year)
1885.
1884.
1,318
1,335
t
188S.
1,280
1,150
flour has
$
t
5,515,285
t
4,962,202
Operatlnfi expenses
3,498,662
3,783,547
3,422,941
3,063,313
233,489
223,478
200,888
172,474
2,633,976
142,481
3,721,151
4,007,023
8,623,827
3,240,787
8,778.480
2,093,659
1,777,909
1,891,458
1,721,418
1,245,501
1,338,51P
1,320,146
1,1S4,753
•188,959
212,221
120,866
803,636
78,5nS
1,107,925
1,013,886
814,9M
27,738
6:1,059
^otal expenses
4,021,961
than the usual surplus
all
demand
the time kept above the
was no inducement
As
a result of
all
to
these
were only 4,838,290 bushels, while in January,
had been 8,559,382 bushels, and the following
table will show how the movement was distributed between
the different roads, not only in these two years, but for a
series of years past
5,784,832
being
less
there was no export
circumstances, the receipts of grain and flour during Janu-
1,003
5,814.810
much
finally,
send the stuff to the seaboard.
1881.
Gross earnings
Taxes
and
parity of Liverpool, and thus there
dends from investments, the item of land
and the
;
for our grain, prices
1885, the/
sales,
by diminishing the extent of the
place the weather was exception-
roads; then the wheat crop of last year had been a disas-
ary, 1886,
of loss in operating the proprietary roads.
first
ally unfavorable in all parts of the country, retarding de-
the exception of the amount received as interest and divi-
amount
In the
—back
to 1881.
It
should be said that
been reduced to wheat on the basis of 4^ bushels
to a barrel,
and that no distinction has been made between
the weight of the bushel on the different cereals,
all
being
treated as of equal weight, such a course being necessary
comparison with the other years given, which
had been made up on that basis, Oats, which weigh much
less to the bushel than the other grains, are playing an
increasing part in the total, 1,028,254 bushels having been
to facilitate
Net earning
Charget—
Interest on debt
Less
Int.,
Ac. recoiled.
Net interest paid
Rentals,
1,I40,5«0
Ac
Total chantes..
Amount
1,214,388
I.ITO.IM
1,118,868
1,041,882
868,010
879,271
774,790
647,777
879,793
548,825
377,491
•608,»8
607,745
851.125
1.458,129
1.258,h70
1,32-2,567
1,220.618
811,6:)4
675,408
787,976
770,476
736,397
6«,737
470,894
562,091
laiids
. .
Total net income
DlTldends on pref.
st'olc
I
Tear ended June 30, 1885.
In thla the loga on the proprietary roads la fixed at
year ended June 30, 1835, namely, *1 1,0^2.
604,143
*
t
delivered at
New York
receipts of corn
during January, 1886, while the
were 1,541,572 bushels, and of wheat only
96,250 bushels, though the equivalent of 1,374,498 bushels
for stocli
Net cash from
Surplus
I
+64,828
tiie
was received in the shape of 305,444 barrels of flour. Of
the minor cereals, barley had 352,735 bushels, rye 7,650
bushels, peas 8,504 bushels and malt 309,757 bushels.
We can not, however, undertake to separate the movement
for the other years, and hence give simply the total oJt
figure for Uio
all,
as below.
THE CHRONICLE.
260
NEW YORK OVER TUB DIF^BRENT ROUTES DURING
BKCBIPTS OF GRAIN AT
Ja/nuarV'
M. T. Central.. bush.
Per cent,
i,0;8.001 3,308.078
24-88
Percent.
PennsTlTanla. bush.
Per cent.
Del.L. k West.bush.
I
681,649
U-09
—
1888.
18E2.
1881.
3,144,434
62-66
4,548,973
49-64
3.882,658
55-12
2,110,062
1,243,459
20-82
2,784.824
2,028,913
83-00
1,923,562
31-47
744,680
1,426.522
624,851
8-55
1,727,091
30 33
1247
1563
432,128
7-23
146,915
11-05
3449
8,976,416
07-75
6,015,738
97-96
5,010,890
96-60
206,595
2-25
121,085
207,686
bu"h. 4,833.290 8,559,382 5,971,629 9,183.011
6,136,821
98-97
Percent.
BlTer&coaBtw.bushPercent.
50,060
1-03
e,';
97-73
193,917
2-27
211,558;
8 55
204
list,
with both the
has resumed
it
its cus.
147,675
60,071
96-43
bush. 4,788,230 8,365,485
now
earnings that the difference in rates and size of the movement would make to the roads say as between 1886 and
Another point of
129
on the
fifth
while
tomary third position. It is evident, therefore, that the
old roads have again increased their hold on the grain
movement, though they have not of course got back to the
1-59
79,314
115
it,
former large percentages obtained by them when they
were the sole competitors for the traffic.
69,182
0-76
98,850
of
XT.TT.
28 23
195,370
32'
110.830
2-28
.
all
1884.
378,216 1,140,308
7-77
13-82
bush.
Per cent.
TariouB BRs. .bush.
Per cent.
BR
18-J6
945,238
338,171 1,318,460
15-40
7-00
Per cent.
West Shore
Total
38-P5
42-95
bush. 1,203,864 1,654,530
Erie
Total
1885.
then stood
new roads ahead
JANUARY.
1888.
affairs, for it
[Vou
2-41
interest concerns the
difference in
—
This year the
1885.
per 100
lbs.,
on grain was 25 cents
it was well maintained
official tariff
and, as already said,
by
at that figure
all
Last year, in January,
the roads.
3-40
the tariff was nominally at the same figure, but
was so
it
6,117,9(76
from representing actual
far
rates, that
the
officials
of a
table flour bas been reduced to grain on the basis
of 4 J3 bushels to a barrel, and no distinction made in the -weights of the
different kinds of bushels, all being added together on the same basis.
NOTE.-In the above
few of the roads came together towards the close of the
month, and agreed that they would thenceforward quote
was
nothing lower than 20 cents per 100 lbs., and even this
year
this
January
in
movement
Thus the aggregate
If we
smaller than in any of the other years, but the extent of agreement served its purpose only temporarily.
tho falling ofE is less than might perhaps have been place the actual average for the month at 18 cents, we are
As compared with 1885 the decline is great,
and as compared with 1883 still larger, but these it would
seem must be regared as exceptional years in this respect,
the aggregate in the one case being above 8^ million
In 1884 the
bushels, and in the other above 9^ millions.
total was a trifle less than six millions, and in 1882 and
and in 1881 somewhat above six millions; in 1879 and
probably erring on the side of making
which the width of our columns does not permit us to get into the table, the total was in the vicinity
of that figure, so that six millions would seem to be about
the receipts for an average January, and from that
average the receipts of 4,800,000 bushels now show a
decrease of only about 20 per cent, as against the more
than 40 per cent decrease compared with the 8^ million
all routes,
expected.
1880, too,
total of January, 1885.
it
With
too high.
now and an 18 cent rate in 1885, the differwould go a great way of course towards diminishing
a 25 cent rate
ence
the loss from a smaller volume
of
traffic
this year.
the earnings from this traffic are really very
much
But
less in
importance than generally supposed.
Taking the 4,838,290 bushels carried into New York by
and allowing for the differences in the weight of
the bushel on the various cereals,
ment represented
a total
pounds, or 105,000 tons.
of this tonnage
to
New York
we
traffic
Now
had been carried
(which of course
find that
the
move-
210 million
of about
assuming that the whole
all the way from Chicago
is
a decided exaggeration),
would have yielded to the lines sharing it between the
two termini a total revenue of only $525,000, and to the
it
But how do the receipts by the different routes com- lines east of Buffalo (on the basis of one-half the total
Of course there is very little grain comes by water charge between the two points) a revenue of only about
?
at this season, but the introduction of two new roads $263,000, the latter approximately distributed as follows
within recent years the Lackawanna and West Shore
To the New York Central $113,000, to the Erie $65,000,
makes the question as to the relative proportions of the to the Pennsylvania $37,000, to the Lackawanna $18,000,
pare
:
—
We
West Shore $21,000 and to the water routes and
minor roads $9,000. If the 8,559,382 bushels delivered in
January, 1885, had the same average weight as the delivsecond, having nearly 25 per cent, and the Pennsylvania eries of this year— about 44 lbs. per bushel
their total
third, with about 14 per cent.
The two new roads com- weight was about 376 million pounds, or 188,000 tons.
bined carried less than 15 per cent, the Lackawanna hav- Even this larger tonnage, if it had been moved over the
ing 7 per cent of the whole and the West Shore 7-77 per entire distance from Chicago to New York, at 18 cents
cent, while in 1885 they had respectively 15-40 per cent per 100 lbs., would have yielded only $676,000 altogeand 13-32 per cent, or nearly 29 per cent together. But ther, and to the lines east of Buffalo only one-half that
other routes a very important one.
find that the
Central still leads all the other roads, having brought in
nearly 43 per cent of the entire receipts, with the Erie
to the
—
year rates are being maintained by all the roads,
while last year the reverse was the case, and the two
roads in question were cutting the tariff outside the pool.
this
The effect of a firm trunk-line combination is seen in
nothing so clearly as in these figures of percentages of the
different roads,
month.
adhered
When
even
if
they do
the schedule
cover only a single
charge is being strictly
the lines with superior accommodations or connections, secure the most of the business, while
when the
to,
combination
amount, or $338,000, which latter would have been apportioned as follows: $132,000
to the
Central,
$61,000 to
$37,000 to the Pennsylvania, $52,000 to the
Lackawanna, $45,000 to the West Shore and $11,000 to
the
Erie,
the minor roads and the water routes.
Thus the earnings from the business could not have
been large in either year, and
ing
is reliable,
able change
only the
new
in the results on
if
the above
mode
of figur-
roads suffered any apprecithis
business in
the two
harmony and the schedule violated, years. The Central lost about $19,000, the Pennsylvania
the inferior lines, which then make the largest
concessions nothing at all, and the Erie actually gained a few thousands.
to shippers, increase their proportion at the
expense of It must be remembered, moreover, that in the case of
the older and more conservative lines.
Hence the state- net earnings, the result would be very much more favorment above shows not only that the new lines this
year able than in the case of gross, as here given, for all the
have lost half thiir proportion of last year,
but that the roads made their present gross on a smaller amount of
old systems have gained what the others
have lost; thus traffic than a year ago the Central, for instance, carried
is
out of
the Central has increased its percentage
over 4 per cent,
the Erie over 6^ per cent and the
Pennsylvania 3 per
cent.
The
latter
would appear
—
only two million bushels this year, against three millions
and the cost (to the roads) of moving such
last year
—
have suffered most a diminished movement ought to be correspondingly
fear ago from the demoralization and
chaos of trunk-line thus leaving a larger proportionate amount of net.
to
less
I
Fkbbdart
THE CHRONICLE.
37, 1886.]
j|ilo aetargs<gammevctaX1gttgItstt llcuia
BATES OF EXOHANUE AT LONDON AND ON LONDON
AT LATEST DATEa
axoBAnea at loitdon- Fti>.
On-
.
.
luos. 205.^
3
Berlin
Frankfort...
••
20 55
'•
•iO.^.^
Vienna.
**
Antwerp
**
..
.
Bt. Poter«l>'K
Paris
Paris
awfiH
•*
Madrid
4t
Mat4,
Fob.
11 Short.
12-06
Feb.
Feb.
F.U.
Fob.
Short.
Feb!
Short,
a luos
Short.
DaU.
it
Feb
Now
••
Is. 6d.
iB.ed.
1886
the development
commercial events in America, and calculating their possible effects upon our own trade, that an examination of our
business operations with the United States, that is to-day so
far as can be understood from the Board of Trade returns,
may not be out of place. All great revivals of recent times
have commenced across the Atlantic and have gradually
extended their influence until they reached our shores. Some
few months ago we were informed through diverse channels,
telegraph and postal, that a trade revival had commenced in
the States, and we were bid be hopeful of beneficial results to
ourselves. Since then we have been waiting rather impaAn examination
tiently for the promised improvement.
23l»,i2
25-17>i
Feb. 11 3 mo8.
46-40
Smos.
110-87
lei. I're
York...
....
Is. S^Hfl.
1». S'al.
•
HnnK Kong.
•
Bbanxhal....
....
Feb.
Feb.
Fob.
Feb.
Feb.
Feb.
80 day
4mo8.
38. 3^1.
4«. 7:tKl.
[From our own oorrespondent.]
London, Saturday, February
The commercial
position remains
much
Manu/atturii,
£3,510.071
8,768,002
3,481.109
2R-20
«l
**
d Oototiial Prod nee 4
126J
S2S-40
Dem'd
<<
Maiiufactura,
£10,352,541
13,109,525
17,212,781
Irish rrodurt
Imports,
£3.^,645,221
3.^,069,005
2S,>»83,039
1894.
1X85.
.
Bonihity
Calcutta
and drmk and in raw materials for textile
manufactures, and in the exports there is a deficiency of
£890,744. The totals are as under:
Hjri>oil$ of BrilUh
Bt txporit of Foreign
articles of food
2044
45°8»45>s
52 a51''g
**
paratlTely large, and from the dividends they return to tb«
shareholders they would seem to be doing weU.
The Board of Trade returns for January have just been
In the
issued, but they do not contain any novel features.
iniporta there has been a loss of £6,685,968, principally in
20-44
20-44
2650 '»2565
u
Cadiz
UstHin
Alexandria
ConRtant'ple
niiM.
92S-22H Feb.
Short. 12-1.^
3lU08. 25-35
Genoa
•12-3
vVi-2
wao-ss
»20 58
12-7614 *12-78\
2ft-37>s»25'42>i.
23>4 9:8''a
i«
Trieste
Latttt
Sou.
Xinu.
AiuRt«)nl»ni 3 fuoa. 12-299
Ani8t«r<lHui. Sight. 12 l>«
Haii)biirf(
MZOSAir0M OK LONDON.
12.
261
13, 1886,
the same, and finan-
.
We have of late been so eagerly watching
of
of
these
official
certainly proves
statistics
that
we
are
The badness of trade has been
business
now with America than we
doing more
brought into more prominent notice by the use to which a were doing at this time a year ago.
The balance is
band of social democrats, subsequently assisted by an aggre* now in our favor, that is to say, we are sending more and
gation of London roughs, turned a meeting of the unem- taking less. Our exports thither are unquestionably expandcial affairs are
unchanged.
—
ployed.
It
was
clear,
from the incidents attending the
riots,
that the real representatives of labor were not answerable
but that a noisy set of anarchists thought that the opportunity for airing their pernicious doctrines
was too favorable
to be let slip, and they acted accordingly. Their endeavor to
pose as the champions of the workingman was at once repudiated by that body, which would certainly have nothing to
gain by fostering class animosity.
At
the same time,
sion of
the
it is becoming very clear that fuU discus"
whole labor question cannot be indefinitely
delayed.
ing.
Omitting altogether the depreciation in values, the
returns exhibit very clearly that there
eradication,
which those
if
possible, or at least for its alleviation, is the task
A
have to undertake.
revival of trade
in the spring would go a long way to smooth over the diflSculty, but will that revival take place ? Orders are not coming
in authority
forward at all freely, and our advices from America are not
such as to suggest the probability of a rapid extension of
business with that quarter. Where we feel the pinch most
severely
is
Oermans
in foreign competition.
the old tale. The
markets. Large quantiIt is
are running us close in all
ties of rubbish cutlery find their way over here, and are
disposed of as Sheffield manufacture. The morality of the proceeding may well be questioned, but it is nevertheless carried
through. Again, it is affirmed that our Government have been
obtaining large numbers of sword blades and bayonets from
Germany for years past. Possibly, now that there is all this outcry about the defective bayonets, some official information will
a distinct increase in
A
Cotton and linen piece
tinct gain in the exports of wool.
goods and woolen and worsted stuffs all figure up well. In
fact, it is in these articles, as well as in pig iron and tin plates,
that the improvement in trade with America during January
has been principally apparent. Up to the present the progress
made has been slow, but it is something to know that some
progress has been made and that we are not retrograding.
We rest in the hope that future returns will show that the
movement has acquired greater volume.
Our exports to the United States, so far as can be gathered
from these official statistics, were as under during January :
That there is distress in the large towns cannot be gainsaid,
and it is a matter of paramount importance that means should
be discovered for relieving the same. No doubt the severity
of the season has augmented the number of the unemployed
by checking the building trades, and has accentuated the distress but want of work has been a complaint of long date, and Horsea
Beer and
is not due, except temporarily, to atmospheric influences.
To Salt
Siiirits
arrive at the source of ihe evil and to devise measures for its
Wool
;
is
glance
the quantities of produce and manufactures shipped.
at the accompanying table of exports will show a very dis-
.
QuanlUy
1885.
-Yalue.-
-
1886.
1885.
No.
3
5
2,703
ale
bbls.
2.069
14.099
tons.
26,096
7,03J
12,008
gills.
131,400 I.2<)H,300
lbs.
Cotton piece goods... yds. 6,4 55.400 7,285,400
1,3«(',600
Jute yam
lbs. 1,405,000
Jute piece goods
yds. 9,-^011,100 8,220,400
Linen yam
81,600
lbs".
82,81
Linen piece goods
yds. 9,312,100 10,985,400
Silk broadstuffs
88,702
yds.
114,740
Other articles of silk only..
Articles of silk and other
materinls
Woolen fabrics
yds.
666,300
yds. 4,210.500
yds.
85.500
Worstf^d fabrics
Carpets
Hardware & cutlery
Iron and steel— Pig. .tons.
Bar, angle, &o
tons.
Railroad
tons.
Hoops, sheets, &o..tons.
Tin platts
...tons.
Cast and wrought, .tons.
Old for remanuf t're.tons.
Steel, unwrought. tons.
Lead
tons.
Tin, unwrought
cwts.
Sieam eucines
Othr r kin'rls of machinery.
Apparel and slops
Haberdashery and mil. .
7,195
177
216
848
15,726
159
856
l,li5
50
20
702,600
4,657,700
123,600
280
8.796
22,578
2.290
3,909
159,575
11,435
73,345
2,531
211,083
23,148
7,564
10,q63
137,873
193,570
l-i,S94
29,'<73
24,829
22.842
255
1.498
1,791
8,155
238,50 4
2,773
2,154
20,443
611
17,637
98
3,271
1.797
228
476
1888.
£
S,
5H3
77
2,73*
17,879
6,519
49
12,824
15.210
3,823
45.479
167,204
10,669
65,132
2,440
247,117
18,098
9,018
26,464
139,160
261.496
16.137
24.618
65,363
1,421
6,332
261.888
1,643
7.572
22,515
2.794
2.209
7,361
19.519
5,250
be forthcoming as to the value of these reports and we may
19,634
15.036
linery
perhaps be enlightened respecting the origin of the condemned Alkali
95,437
95,885
3?6,922
312,787
owt.
2,222
i02
1.803
6.201
17,
doz.
weapons whether they be of home or of foreign manufacture. Bags and sacks
5,S7«
6,172
53,6C0
Cement
57,300
cwts.
It certainly seems very strange that, with an expensive estab49,258
35,196
Earthenware, &c
Paper—
printing,
Writing,
lishment kept up at Enfield for the manufacture of small arms,
1.697
566
1,086
263
cwts.
&o
2,169
732
323
595
All other kinds
cwts.
the Government should have a large portion of the work done
46,683
48,342
Sklus and furs
abroad, to the enrichment of the foreign manufacturer and SiMtionerr, other than
14,381
15,123
p,iper
the loss of the home workman. The whole affair is very
complicated, and some official elucidation would not be unwelBut whilst our exports to America have been showing more
come. The position at the present moment is a trying one for elasticity, the reverse has been the case as regards meet articles
all interested in commercial pursuits.
The tide of trade is of import. Omitting the falling off in the receipts of cereals
moving distinctly away from our shores. A noteworthy fea- due to the low prices current and the growing competition
ture of the pist few months has be^n the transferrence of old with India, our indebtedness for foodstuffs generally to
established firms into public companies. The number of these America during January was appreciably below the total for
undertakings now quoted on the Stock Exchange list is com- the corresponding month of 1885. There was a very decided
;
—
:
:
:
THE CHRONICLR
262
So that whilst the United States
have been taking more from us, we have been purchasing less
from them. It may be, of course, that trade just now is in a
state of transition, and that in two or three months' time we
ehaU witness some improvement. That, however, has to be
decided. For the present we must be content to know that
our export trade with America is better than it was.
Imports from America during January, so far as enumerated
in the Board of Trade returns
falling off also in cotton.
:
Quantity.
188t>.
I880.
.
Oxen and bnUs
Cows
Copperore
tons.
tons.
Ac
Unwrought and
Kegulus,
.
1886.
1885.
«
A
2,179
260,339
259,408
784.152
290,154
14,931
71,836
68,109
725
19,592
24,600
4
5,128
61,620
23,781
47,913
71,627
799
502
2,882
1,810
218,391
3,353
368,664
7
......
4,d90
665.493
371,770
756,558
724,480
29,853
241,434
261,608
199
43,936
65,370
,4."!
106,42/
99,379
443,123
457,^11
26,099
1B7.4S5
146,873
1,072
49.200
33,689
6
19,551
131.001
50,858
79,237
67.183
7.010
44,340
1,396
35,599
139,3S9
147,935
180.068
50,467
15,575
77,459
tons.
635
16
lbs.
TaUow
Wood and Tlmbei—
cwts.
1,644,714
34,112
1,206,654
15,599
Jan.. 21,
Rates of
Interettttt
Bank
BaU.
Market.
Paris
Berlin
3^
2«
IH
Frankfort
3^
I**
Hambarg
Amsterdam
3H
IH
21»
2
s
Brussels
S
2H
Madrid
Vienna
St. Petanbarg.
Copenhagen. ..
4
4
4
6
6
Bate.
& Abell
Open
Market
S
2H
S
2H
2
3%
3M
3W
2
2
3H
3H
3«
2H
2H
S>»
2«
4
4
4
4
4
3«
4
«
1«
2
IH
3
2H
VA
«
2
24
S«
2
6
»Mi
4
3
a
4«
write as follows on the state of the
market
Gold—There has been but little doing in g.ild this week, and there
have been no operations at the Rank. The arrivals, which comprise
£21.000 from the West Indies, £l7,00i) from India, £14,000 from Australia, £3.000 from New Zealand, total «55,000, have been sufhoient to
supiily the fcwsmall orders that have come to hand.
Silver— A recovery in the Indian
exoii,anjje!(
caused a batter demand
for silver at the beginning of the weak, and the bars brought by the
Pacific and West India steamers were placed at 4ti5j i.; a decline then
took place in Indian exchanges, and on Wednesday an arrival from the
River Plate was pl.iced at 4G'ad., but the unexpectedly higher rate
obtained for the Indiau Coancll bills cau.sed an improvement to 469|«d.,
which we quote as this day's price, flnii. We have received £58.030 from
Chill, £18,000 from West Indies. £71.000 from New York and £21.000
fr.im River Plate; total, £163,000. The P. ib O. steamers have taken
£'92,000 to the East.
Mexican dollars remain nominal. In the absence of suppliis. A considerable arrival is due by the French steamer shortly.
27,926
4,647,544
56,059
The quotations
667
for bullion are reported as follows:
3,318,743
21,946
GOLD.
SILVER.
Lnndon Standard.
Feb.
d.
20 dwts. sliver. 01.
Span, doubloons. OS.
77 10H
January was £1,610,381, against
£522,601 last year, the receipts from the United States being
£699,168, against £730. The export was £1,175,946, against
£390,290, of which £39,800, against £24,360, went to the United
States. In addition there was a shipment this year of £300,000
The imports of silver were £881,333, against
to Canada.
£851,228. The receipts from the United States were £255,501,
against £269,912. The export of silver was £686,158, against
£730,588. No record is given of any shipments being made to
the United States.
The money market has remained much in the same state.
There is an abundance of capital offering and a very great
demand both for loans and discounts. An examination of the
Bank of England weekly return shows that were it not for the
9, Am.doublooQs.os,
Clocks
Leather
21,463
21,237
7,016
139,555
8,282
8,851
19,280
1,328,989
of gold during
desire to protect the stock of bullion as
much
as possible there
was no reason why a reduction should not have been made in
the rate. The reserve had an increase of nearly £900,000, fully
one-third of which was due to increased bullion, and the proportion of reserve to
namely, from 4511
liabilities
has risen 2 per cent in the week,
4711 per cent.
The rates for money have been as follows
to
Interest
Bills.
Joint
Tour
aUowed
for deposits by
Trade
Six
j
Dtsc't
Wse
Three
Four
At 7 to 14
Six
aiock
Months Month. Months Banks. OaU, Days.
j
Afonthj Months Slontht
I
2i««-8
a-»
<a3ii
SHUSH SH^i
2)^
®4
3],iii
2H, 2S4-2M
aXcaS
|3H«4 2)<@S
zHiiSH axas^i
Hi
2J<a2J(2M®3 ,2>i33
IJ^
2^(3 2^ 2»92>«|25<i2«S
2«9 -i«M« - 2«83
1««1J< 17<33
-'XitV - 2<AQt2H
1H« - 1H»
l^^ai^'l^ia
-
2
2'A9'i
ja^aSJ.^
mH2H-*3
4.
77
9
77 10«
Feb. 4.
Fei. 11
d.
t.
8
London Standard.
d.
d.
Bar silver
01. 48 9.1a
Bar sllver.oontalnln8Bgrs.Kold..os.
46 15-16
Cake silver
os. 60^
Mezloan dol>...oi.
&
46X
48?:i
|
50 3-16
45 13-16
Messrs. Morton, Rose
Co. have advertised the issue of
$2,000,000 capital stock ofjfhe Ontario
Quebec Railway
Company, at the price of 117 for the 6 per cent binds.
To chronicle any new feature in the grain trade just now
would be impossible. The markets throughout retain a very
sluggish appearance. About the average inquiry for consumption exists, but there is an entire absence of any desire to
anticipate future events. No variation can be recorded in the
value of wheat. The spell of sharp weather through which
we have just passed affected values very slightly, and with
the withdrawal of that influence the weak tendency is again
asserting itself. The statistical positicjn remains much the
same.
&
Imports have been about the average, and the excess
in the gross receipts over last season is kept up.
visible supply has decreased somewhat, but
The American
is fully
ten
million bushels more than last year. On the other hind, the
quantity of wheat and flour afloat to the United Kingdom
exhibits a distinct falling off from last year. The stocks on
hand, however, show material increase. Statistically, therefore, there appears to be nothing to advance either for or
against any appreciable variation in quotations, and it is quite
possible that if the agricultural outlook keeps lavorable the
may become more confirmed.
The Revenue and Agricultural Department of the Indian
Government have issued the following report (dated January
14th) for December, on the prospects of the wheat crop in the
depressed tone
:
Open market rate:
Bank BUU.
Feb.
11.
n
2^(83
2H-2H
Hi
1«1«-1«
IHJ
1
1«-1M
Ij^
1
llX-lH
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of cousols.
the
price of middling upland cotton and wheat, and
the Bankers'
Clearing H^me return compirei with the
three previous
years
Bombay
Pre.sidency :
Solnde.- Returns incomplete, but the area apparently well up to
Guzerat.- Latest reports show Ahmednbad and Panch
average.
Mahals only below average, but the decrease in former amouutlugto
100 000 acres reduces gross area to 2.50,000 acres, as compjred with
3 iO,O0O acres avenij.e. Baroda.— Returns not submitted. Katty war.
Ar.'a 200,000 acres as against 13J.000 last year, lu other States area
75.000 acres; dry crop wheat in Ahmedabad aud Pauih Mahals suffering elsewnere crop healthy iti Broach, crop forward and excellent, but
rust from cloudy weather feared. Deocan.- Revised area 1,025,000
acres, being no less than SoO.OoO above the average; the hoped-for
raiu {.see last forecast) came, and has gradually improved prospects ;
as yet no sign of rust wliieh resulted from Uecember rain last year; In
Nasik Blight lujury from frost; more than average (luaiility and quality
of crop anticipated. Camatic— Smut has shown itself, but the people
hope that it is a sign that there will not be rust prospect of largo aud
goo t crop entertained, which, owing to railway, will be available for
exi)ort. Taking 100 as average, the area for British districts, excluding
Bcinde, is 1 10, compared with 117 last year; iu native States, excluding
Baroda, the area does not differ for the two years.
;
;
;
The following return shows the extent of the imports of
Clromatlon,excludlng
tJv-^S^,,^ "*''f
Bank
4«
Bar gold, fine.. .01.
Bar gold, contaln'g
Tliree
3
4
4
S
4«
31.481
25,585
5,083
75,401
6,146
6.969
No.
21,681
lbs. 2,654,069
loads.
London
8
3H
3H
S«
2«
SM
Messrs. Pixley
bullion
Bank Op*n Bank open
BaU. Market BaU. Market
Open
•.
Sawn and split.... loads.
The import
XLH.
fVoL.
partly
wrought
Cotton.raw
Hewn
YcUut.
.
8,554
10,681
No.
163
No.
2
No.
Calves
1.951
No.
eueep and lambs
Wheat-AtlaD.P't8..cwl8. 1,649,566
917.162
Wheal-Pac. Ports.. CWM.
cwts. 1,291,514
Flour
360,845
cwts.
Bacon
14,188
cwts.
Beef.salted
88,417
ewts.
Beef, fresh
cwts.
94,245
Hams
82
Meat,unenuinerated.owle.
17,284
cwts.
Meat, preserved
cwts.
40,208
Pork, salted
794
cwts.
Pork, fresh
7.474
Butter
cwts.
55.912
cwts.
Cheese
60,651
Fish
cwts.
91,227
cwts.
Lard
58,73*
Suear, refined
ewts.
Jan. 7
" 14
" 21
" 28
Feb. 5
" 12
—
:
''*"'*••
J5i^^J^'^^'"1\^''
Otherdeposlts
S^W^'S*.?""^"*'Other securities
^T'
^T'
^^•^"•''l^ 22,861,010
4,663,562
8,356 042
25.4oB.555 23,535,423
1,3,744,670 14 051 80?
20.199.233 21,134,138
"I*"
"/^
24,76n-,815
25,OS8 040
8,891020
6 795109
22 845 240 22 .5^q'^oi
13 l.^siodS r23?3'a72
23 140 675 21 ssl'oo^
cereal produce into the United Kingdom during the firBt
twenty-three weeks of the season, the sales of home-grown
produce, the average prices reached, and other items, com-
pared with
B^JaM"*"
p-.^X^i'Zrn''.'!
^''•^^^•^*^
4711
P.O.
'%:i
Ho. 40 mule twist....
84d.
Olear-g-Houseret'n. 89,542,000
22,992,261 21,907,103
463SP.O.
''l^
9^1.
96,086,000
40^8 p.o.
=IrS-
22,605,922
45
p.
4i
Vid
«L"^
97,744,0O0'l32,190,Oj6
The Bank rate of discount and open market rates
at the
chief Continental cities now and for the
previous three weeks
n&ye been as follows:
Barley
Oats
Peas
Beans
Indian
Flour
season
niPOBTS.
1885-6.
1884-5.
owt. 23,658,888 21,845,475
6,637,983
8,628,538
4,933,386
5,014,769
Wheat
Pr'wnfreserve
last
967,261
oom
1,478,595
1^,025,638
6,401,518
S80,3S0
1,707,503
8,977,814
7,198.603
1883-4.
26.740.486
9.569.847
5,H49,499
8ill,0.'>4
1,273,387
12,892,446
6,996,148
1882-3
29,669,622
9,081,238
6,322,433
1.028.835
1.016.129
6,150,287
7.115,857
Supplies available for consumption in twenty-three weeks
(exclusive of stocks on September 1)
1885-86.
1882-83.
1884 85.
1883-84.
tmporUof wheat.cwt.23,658,889 21,845.475 26,746.486 29,669,622
7,115,857
Imports of flour
6,404,513
7,198,003
6,996,148
Sales of home-grown.. 20,070,941 22,528,729 21,159,668 19,473,500
Tot«l
50,131,350
51,552,807
51,902,202
56,258.979
.
February
:
.
THE CHRONICLE.
27, 18S6.J
Th« followinft shows the quantities of wheat, barler and
oats di8|>osed of in the leading marlieta of Enf^Iand and Waled
during; the first twenty-three weeks of tho Hfiwon, togetiiur
with the average prices realized, compared with last seaaon
1884-89,
1886-86.
BaU$.
Aw'gl
Price
:
d.
1.390,282 30
2,311,966 30
Wbeat, qn...
Barley
OaU
7 1,547.101
32
Conyerting quarters of wheat into owts., the
whole kingdom are estimated as follows:
1885-86.
d.
totals for the
am.
1884-85.
1883-84.
21.159,568
The following shows the quantities of wheat,
maize atloat to the United Kingdom:
and
flour
lM4k
,616,000
2.440^000
108.000
a4«.ooo
182.000
282.000
274,000
KncIUli
__
...
IiondoH.
ami.
1
niTer, peroi
..<l.
46 »i
OonioU for money
I01»i«
OoDsoU for aoeoant
101»|,
Vfoh rente* (In Paris) fr 82-60
a.S. 4>tiiorl891
l)4ie
0. B. 4« of 1907
127%
Chlo. nil. ABt. Paul....
Bile, oonunon stook....
PenniiTlTanla
PhUadelphlaA Reading
Sew York Central
Tu*$.
Wed.
46%
46tl,»
4fl"i«
10l»,«
101»,,
10l»„
loni" lOt^
8259
1M>4
127%
82 '4U
127%
128%
66
96
65>ii
64'',
95 >s
65%
28 >4
28^
142%
56%
nUnol* Central
142
12 "«
108^8
108''e
hlABtLITIES.
••Oa amltted.
Cbptt-I
RuTm
Paid
fund.
1.
Western Bk. of Can.
Bk.of Lond'n In Can
Central Bk.of Can..
1,800
1,000
1.850
l.BOO
999
1,000
880
201
334
Tradeni' Bk. of Can.
SfiS
Nil.
Can. Bk. of Coin*rce
Oomtnlon Bank....
Ontario Bank
Standard Bank
r«d«nilBank
ImparM Bk. of Tan
Bank of Hamilton.
Bank of Ottawa
Total Ontario
.
a,ooo
6.000
IJOO
ir.eas
.
Banks.
4.
*
3.
3.
»
1.180
a.ioo
080
48S
260
100
480
2T0
210
15
60
10
•
..
Due
mtnt
Ot»€r •tcdtw
For'gn
Depot- DepoMt. Canada
it«.
(
««2
a,597
73
418
196
804
145
82
811
23
21
1.121
904
615
656
997
974
612
237
182
3.
6.
7.
»
»
158
28
114 '4
95 »,
9^Tg
9.',%
28>«
142<4
S8%
29 ^
142%
56%
12%
8
S29
246
U3%
66%
13%
59%
12%
100 1«
108 >«
13
lOS's
6i''«
B3''»
98%
112%
66%
lOd^e
l»l%
101%
114%
128%
31
1886.
17
Tvtal
LlabUi-
Spttie.
a.
10.
t
%
11.
111
171
161
26
40
188
88
41
18
91
79
68
101
110
1.948
3.440
3,093
4,372
569
198
40
23
44
81,794
5
9.684
7.549
4.429
582
156
224
110
92
867
103
....
107
37
9
32
6
60
69
8
18
21
3.404
7,224
4.813
3.597
1,029
958
1,925
1.013
104
13
87
6,110 10,562
1,577
40,878
628
6,000
1,055
2O0
140
20
70
3,121
909
478
276
888
180
4.S91
13
104
16,422
5,669
631
171
781
69
43
502
585
675
1,375
75
258
26
50
401
5.486
8.709
1.527
4.181
1,228
72
754
28
38
97
Nil.
1,824
3,304
640
664
589
85
129
1
2
807,
375
1
1,668
5
4,380
280 '~67 118,853
837
8 ~77,7io
14.
181
86
.. ..
13.
(
237
565
355
354
195
121
12.
t
798
799
355
309
168
227
328
8.981
I
Due
Loan9 to
BoObst.
AU
ChKkt jTOfn Oov'm't.
tie* A
minion
due
Other
and For'tn IndividBeat
Nota.
DtbU.
AueU.
Nota. Agene'$ oU.Ak.
BitaU.
OtJwr
tiu.
t
38
5W
3.805
4.202
8,392
3,088
3,899
1.878
1.860
4a3
522
1,289
491
II
Si
Agenc*»
«
4.587
10,632
1„
101%
101%
Wri.
46n,,
ASSBTS.
Loam.
GtotJ'm-
cxUaVn
Up.
Onfaiia.
Bank of Toronto.
rrota
inCir-
461
82-25
lU'lH
128 ^t
82-4<J
114>s
56%
ll'^s
TKun.
JCon.
RETURNS OF THE BANKS OF THE DOMINION Ot CANADA FOR JANUARY
MAME or BAJIK.
144.000
Financial niarketa— Car Cable.
OaaadUn PaolDo
22,528,729
.owt. 20,070.944
Wheat
«.
6 1.475.177 39 10
9 2,435.928 38 11
e 164,320 19 8
2,409,427 >1
255,557 19
9
225,934 18
d.
(.
...qn. 1,?5»,000
Floar.aqaal to qrs 204,000
KS
*-"•
«l«Mfk.
Wheat
Th« daily closing quotations for securities, ftc., at Londdtt
•re reported by o*bl« as follows for the weekendiiiff F»b. M{.
1S83-84.
^
*./«.
263
189
1
181
3,875
891
118
136
36
85
80
80
87
322
899
«
7,785
13,472
7,276
5,919
3.477
4.441
3,754
3,517
3,066
13.
16.
17.
»
(
(
8
877
69
77
4
187
131
66
83
832
7
•
7
15
679
1.619
798
3,089
60,576
930 10,663
221
645
820
16
116
83
45
3
80
S5
81,857
108
70
1.134
664
696
365
216
662
819
180
TottU
Ateeu.
IS.
$
.
6
9,217
38.194
8
4
M
7.694
4.479
3,569
7,486
44(11
8
1.061
,S0
48
18
8
eeo
8
14
1.969.
4
18
i,a8»
963
4,102
169
79.S8»
882
18
87
194
45
69
2,613
846
183
2.881
43,S8»
8.690
2,963
1,078
886
1,581
7
11.884
3JB09
181
283
888
18
1,469
1,906
Qxuliec.
Bank of Montreal... 12,000
•Bk.of BrIt.No.Am.
4.867
Baaquedu
Peuple..
l.SOfl
Banjacques-Cartler
BOO
Banque Vllle Marie.
Banque d'H'chelaRa
tBzch'ge Bk.of Can
MoUon'a Bank
177
710
Marekants' Bank....
Quebec Bank
Cnlon Bank
Banque de St. Jean.
Baa.de St.Hj'clntbe
Bait. Townahlpa Bk
Total Quebec
.
1
32
13
1.670
84
23
44,699
18,568
5
a
3.669
1,875
3.381
345
43
23
5
1.461
21
«
49
8
1,896
45
89
10
4
7
10,325
80,192
4,132
7,668
183
88
1398
1
a.ooo
5,737
2.000
8.800
8,000
227
263
1.450
NU.
325
Nil.
601
57
64
412
1,891
3S,U31 10,245 13,286
3,656
49,117
840
120
770
67d
3.444
1,496
38
40
65
30
80
131
111
212
210
30
10
184
388
800
116
74
69
731
800
577
240
97
344
19
37
350
94
1,887
8.580
142
84^
2
10,648
13,207
271
81
20,460
81
3,206
28
883
50
287
159
6
4.309
7,897
4,864
43
812
6,371
3,070
285
615
3,257
205
307
461
60
46
85
1,882
305
395
3,485 13,836
77,636
8.378
7.411
2,566
2.795
959
49
19
22
69
774
106
36
886
1
815
178
259
114
2
13
114
29
96
3,837
7,470
818
166
SO
89
35
87
807
253
22
41
12
14
11
6
3,148
3,599
1,166
1,266
2,169
798
856
997
693
15
11
19
84
45
1,002
110
22
73
94
9
5
6
14
T82
16,187
,656
744
713
1.385
3.846
1,845
699
100
849
84
681]
139
80
87
101
6
4,826
166
699
3
87
849
875
4,315
876
2
81
36
202
11
81
aae
810
IS
4,429
3.886 118,873
Sova SMUa.
Bank of Nora Scotia
Meroh'i Bk..Hallfax
Peoplei Bk..Hslifaz
Union
Bk., Halifax.
Bank of Yarmouth-.
xi*.Bk of Y'rmth
1
1,114
1.000
800
600
600
891
68
87
4
12
2
851
541
78
9
24
20
1,178
262
2
82
50
485
236
80
363
1
163
1
31
4
PletouBank
Com'cUl Bk.WlDdB'r
246
260
260
Nil.
65
30
179
65
ToUl Nora fcotla
4.861
716
8,403
569
7,043
225
800
60
26
393
75
282
93
259
83
965
399
Stephen's Bank.
1,000
822
200
141
1
2
N.Bmnsw'k
l.B2i
886
919
885
1.626
81
2
176
Nil.
147
19
87?
6
Wijto
81
189
61
60
114
15
181
186
50
95
72
644
1,792
642
292
788
683
78
7
87
33
28
23
18
3
11,061
876
2
3
101
1,646
1,123
431
232
484
65
83
11
150
6
1
11
6
38
3.147
3.640
1,181
1.266
2.181
808
873
86
1,011
1,865
871
16,32a
10
8
2,M»
4
202
87
8
3,100
9
247
11
4i6»
46
697
6
4
74T
503
1,8M
76
4
3.574
7,621 81.183 154.818
3.7S4 13,101
3.686
382 .806.
70»
BrurmiHck.
B'kof N. Brunswick
Maritime Bk. of Can
Bt.
52
SO
IS
52
16
12
Total
291
5
6
63
68
1,66;
6S»
Manitoba.
Com.Bk.of M..WIn'g
1
785
Britith Columbia.
1
Bk.of Br. CoL.Vlct'a
Orand
*
total
statement
539
845
884
2
8
W8.140 17,796 8».84«
9.054
99,824
8.510
736
1,829
341
4.448
6.778 18.666
Canadian brandies only.
tn liquidation.
Deposits— Includes $3,152,475 Dominion Government deposits payable on demand;
of
4—Qovemment
4
362 888.168
1
$100,001 Dominion
GOTOmment de-
posits payable after notice or ou a fixed day; $77^,915 deposits held as security for execution of Dominion Governmeni contract*
and for insurance companies; $S54,H37 Prorlncial Government deposits payable on demand; $2,175,129 Prorluoial Government
deposits payable after notice or on a tlxed day.
6— Other Deposits— Includes $19,174,50^ other deposits payable on demand; $50,619,263 other deposits payable after notice or on a fixed
day.
J—I^ans. Ac- Includes $763.S37 loans from or deposits made by other banks in Canada, unsecured; $1,745,932 due to other banks in Canada.
7— Due Foreixn Agencies —Includes $39,994 due to aj?encie.s of bank, or to other banks or agencies In foreign oountries; $645,361 due t».
agencies of bank, or to other banks or agencies In United Kin?aom.
$l,6'.!2.77t) notes of and checks on other banks
J2—Other Checks and Notes— Includes
;
$2,998,101 balance due from other banks in Canada.
13— Due from Foreign Agencies— lucluiles $17,9.55,926 balance duo from agencies of the bank or from otlier banks or agencies In foreign
countries; $3,177,676 balance due from agencies of the bank or from other banks or .agencies In the United Kingdom.
,. ,
14— ">an8 to Government. Inrtivldu.als. <tc.— Includes $999,077 loans to the GKvernment
$877,8)7 loans to Provincial Oorof the Dominion
;
$l'.i,0.tl, 170 loans, Ac. secured by municipal, Canadian or foreign bonds; $1,613,811 loans, &e., on onrrent aooount to
municipalities; $l'i.S61,536 loans. &3., on current accounts to other corporations; $122,198 loans to or deposits made In other banks.
secured $42:^,039 loans to or deposits made in other banks, unsecured; $125,272,703 other current loans, dtsoounts and advances to tbe
emments;
;
public.
—Overdue
Debts— Includes $1,547,321
15
notes,
$.'.083,100 overdue debts, secured.
10—Securities and
c&o.,
overdue and not specially secorec; $93,159 other overdue debts not spoolaUy secured
;
Real Estate-Iuolucles $1,C92..3.59 Dominion Governm'^nt debentures or stock; $3,4 10,9? t public seourttles other than Canadian; $1,431,^50 real estate (other than the bank premises); $145,811 mortgages on real estate sold by the bank; $1,1:89,630 iMUik
premises.
.
:
,
THE CHRONICLE.
264
^amm^xciul ^rnSL W^isc&ll^ntonB ^Jtvos
Nationai. Banks. —The following national banks have lately
[Vol. XLII.
United States Snb-Treasnry.—.The foUowing table show,
the receipts and payments at the Sub-Treasury in
this city a
weU as the balances in the same, for each day of the past
been organized:
3,454.— The First National Bank
of Klrwln, Kansas. Capital, $50,000.
Hugh J. Cameron, PresidenI; Meritt H. Johnson, CdsUier.
8,465.—The First National Bank of Manning. Iowa. Capital, $50,000.
Donald W. Sutherland, President; Orson E. Duiton, Cashier.
lupoBTS AND Exports fob the Wbek.—The imports of last
week, compared with those of the preceding week, show a
decrease in dry goods and an increase in general merchandise.
The total imports were $7,838,697, against $8,901,301 the preThe exports
ceding week and $8,454,469 two weeks previous.
for the week ended Feb. 23 amounted to $5,503,661, against
two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Feb. 18, and for the week ending (for general
week and
$4,674,126 last
$5,754,393
merchandise) Feb. 19 also totals since the beginning of the
first week in January:
VOSBIOH IMFOBTS AT NBW TOBS.
;
For Week.
1886
18S3.
1884.
Gen'l mer'dise.
$2,149,123
4,777,992
$3,863,284
5,781,980
Total
Since Jan. 1.
(Joods
Gen'l mer'dise.
$6,927,115
Dry
$20,227,315
41,297,322
Total 7 weeks.
$61,524,637
$59,928,809
$47,924,066
Dry Goods
1885.
$1,205,668
4,685,102
$2,08i.268
5,753,429
$9,645,264
$7,890,770
$7,838,697
$20,442,186
39,486,623
$16,205,415
31,718,651
In our report of the dry goods trade
ports of dry goods for one week later.
The following
Specie)
wiU be found
the im-
a statement of the ejqjorts (exclusive ol
is
New York
from the port of
week ending Feb.
$56,213,813
to foreign ports for the
and from January 1 to date
BXPOKT8 FBOM KBW TOBK FOB THB WEBK
23, 1886,
1883.
Por the week...
1884.
1885.
Prev. reported..
$5,909,490
41.818,702
$5,264,482
36,787,278
Total 7 weeks..
$47,728,192
$42,051,762
The following
New
8t the port of
since
Jan.
table
1886,
1,
SBW
Week.
Since Jan.l,
$1,295,875
1,095,283
West Indies
Mezioo
Bonth Amerioa..
All other ooontrleg
13
46
10,496,564 61
.
$
12,078,047 70
12.38><.047 00
1-^.067,3^9 69
12,879,309 81
13,3U3,182 73
6,354,454 40
.
"Includes $158,000 gold oertifloates taken out of cash
134th Call for United
States
Bonds.—This
was
call
issued at Washington under date of February 20, and will
retire $10,000,000 bonds on the first day of April, 1836, being
3 per cent bonds numbered as follows:
$50— Original No. 285 to original No. 297, both inclusive, and original
No. 1,368 to orlgiual No. 1.375, both iucluaive
$100-Original No. 2,l<i8 to original No. 2,148, both inclusive, and
original No. 9.864 to original No. 9,879, both Inclusive.
$500— Original No. 1,042 to orislnal No. 1,06 i. both inclusive, and
original No. 4,'201 to original »Jo. 4,20J, both iuoluslve.
$1.000— Original No. 9,031 to original No. 9,188, both inclusive, and
original No. 23,588 to origiaal No. 23,653. botli Inclusive.
$10,000— Original No. 15,459 to original No. 15,448, bolh inclusive.
Total, $10,000,000.
New York Lake Erie & Western—Long Dock.—In the
application to the Stock Exchange for listing the new Long
Dock bonds, the following information is given: The Long
Dock Company was chartered by the State of New Jersey
February 36, 1856, with power to hold and improve lands and
lands under water, and to build thereon docks, piers, railroads
and other structures; power to mortgage also beinst given.
The number of shares of stock of the company is 8,000, par
value $100; all owned by the New York Lake Erie
Western
Liabilities— $3,000,000 Ist mortgage bonds, which it is proposed to withdraw by part of the new issue. Assets 577
acres of land and land under water, improved with buildings,
piers, docks and railroad tracks.
"Value, calculated upon the
assessment for taxation, is $11,291,904. The total issue of the
proposed bonds is $7,500,000, of which $3,000,000, represented
by 8,000 bonds, will be retained unissued by the trustees, to
retire the outstanding bonds of the Long Dock Company, to
—
listed.
$3,000,000, maturing June Ist, 1893, which are
The trustees are Anthony J. Thomas and
Tracy, of the City of
York. The issue
New
Edward
of $7,500,000 is secured by a mortgage on all the lands and
water rights of the Long Dock Company, making together
about 577 acres, with all structures thereon
and also by a
mortgage of the lease of said premises to the New York Lake
Erie & Western Railroad Company, dated November 16th,
1885, continuing for 50 years, at a yearly rental of $480,000.
J98,357
815,618
330,030
263,560
7,051
57,161
5,296
Ewing Buchan, of the firm of Gzowski & Buohan, Toronto,
Canada. The work is now in press and will be ready in a
$1,575,070
2,866,243
112,382
few weeks. It will contain sterling equivalents, sterling
exchange tables, American, or domestic, exchange tables,
tables of brokerages, and New York quotations for sterling,
5,000
184,226
7,829
$6,409,946
2,705,972
228,263
$504,232
323,159
10,977
333,118
131,135
29,150
;
—A new set of exchange
tables has been compiled
by Mr.
less brokerages.
$310,634
10,155
$2,141,964
79,889
6.700
42,965
..
West Indies
Mexico
Bonth America.....
All other ooon tries.
4,1S0
Total 1886.
Total 1885.
Total 1884.
15,346
21,254
19,220
62,99 i
1,895
1,894
$57,715
19,691
61,127
$134,933
133 604
32,914
26,752
$324,969
230,938
388,700
$2,331,181
2,310.143
2,546,9.!5
'i4,u63
46,1)31
1771,411
Of the above imports for the week in 1886, $36,764
were
American gold coin and $31,335 American silver coin.
Of the
exports during the same time $355,000 were
American gold
coin and $4,395 American silver coin.
FoRMON Traj)k of New York-Monthly STATEMENT.-In
the foregoing tables, made up from weekly
returns.
/.?
»„ ^ %'^^
'^«"'^« ^"the fuU months, a^o issu^
K^f
by
our New ^""^"^J?^
York Custom House. The first statement
stiitU^nt covers
^"™
the total imports of merchandise.
IMPORTS INTO
Dry
Oeneral
^oodi.
Merchant
—Messrs. Vermilye & Co. are offering for sale the 3^ per
cent mortgage gold bonds of the Illinois Central railroad, and
to-day they advanced the price of these choice bonds to 101
and
interest.
—
Anction Sales. The following were sold at auction
by Messrs Adrian H. MuUer & Son:
Mores.
300 Calumet & Chle. Canal
and Dock C'>.. com ...
6=8
71 Calumet & Chic. Canal
and Duck Co., com
e^a
60 North Eiv. Fire Ins. C0..IC3I4
31 First Nat. Bank of Fiehkill Landing. N.Y. .147.15012
30 Bank of America
168%
6 Bank Stale New York.. -.130
8 Shoe & Leather Bank
135
50 Stuyvesatii Fire Ins. Co. 112
30Phenix Fire Ina. Co
136iii
40 N. Y. Loan & Imp. Co.... 5214
lately
Shares.
100
10
11
25
10
Mechanics' Nat. Bank...l58i4
Nineteeiith Ward Bank.. 95>«
Merciintile Nat. Bank.... 124
Am. Steam
Boiler lus. Co. luO
K. Est, Exch.
Koom
&
Auction
105
(Liuiitert)
Bonds.
.$481 Orient Mutual
Ins. Co. scrip
Marine
$195 American Fire
Ins. Co.
46
scrip of 1875
$3,1 00 Jersey CItv 6s
Loan, due 1891
34
Water
Iu3'4
& int.
NEW TOBK.
1886.
1885.
Dry
Oeneral
OoaOt.
Merchan-
3V>eal.
aue.
HARVEY FISK
Total.
28
dise.
Nassau Street,
&
New
SONS,
York,
Dealers in United States Government and other desirable
Jan nary....
9,410,164
BXPORTS FBOH
88,389,785
88,799,8991
NEW TOEK.
10,808,800
1888.
17,648,208
28,457,008
At New
York.
Month.
1885.
1886.
1885.
in.»96,44ft
10.89S.«9l
»
__
B^.Tgl.SlB
89.718.154
Tnnnwrr.,
SECURITIES
FOR IIVTESTORS.
CUSTOMS RECErPTS.
Total MerelumMie.
Jfmth.
__
42
20
8,531,099
2,053.497
1,533.382
1,870,172
1,140,113 97 162,217,572 56
Holl day
1,358,459 87 11)4.090,'^ 12 81
978.573 01 161,665.794 31
1,697,546 01 16 4,489,610 31
*1, 179,761 51 164,756,148 31
Since Jan.l.
Stiver.
J«Tmw,.T__
1,518,513 40
«...
5,6'66
335,400
141,816
Ourreney.
8
Week.
392,646
!,788.804
Great Britain
France
Germany..., ....
Month.
Total...
already
Charles
TOBK.
$3,326,519
1,098,179
125,362
1,670,660
. .
T«tal 1886.
Total 188&.
Total 1884.
$3,502,661
33.6J2,934
Import*.
eoid.
Germany
Feb. 20.
" 22.
" 23.
" 24.
" 25.
" 26.
Coin.
&
$47.372,0151 $39,195,595
Exports.
Fajftnentt.
«
shows the exports and imports of specie
York for the week ending Feb. 20, and
and for the corresponding periods in the amount of
1885 and 1884:
aXFOBTS AMD IKPOBT8 OP SPB0I8 AT
Breat Britain
France
Balaneea.
Seeeiptt.
Railroad Company.
1886
$5,417,915
41,954,100
DaU.
All stocks and bonds listed on the New York Stock Exchange bought
and sold on commission for cash.
Deposit accounts received and interest allowed on monthly balance*
sulijeot to draft at sight.
Coupons, registered interest, and dividends, ooUeoted and placed to
credit for our customers, without charge.
:
.
Fkbruabt
:
THE GHHQNIGLE.
27, 1880.]
The
Mam* of Company.
DaL A
Uu<l.4i>a C'auul
«|U»r
Wlun
1>«
).
Parli(rranos)
5
Feb.
has been an irregular one, and nothing conclusive has happened
to settle the tendency of prices in one direction or the other.
Saturday, February 30, financial circles were astonished at
Oowen had procured some one
the announceraent that Mr.
The name of Mr. Austin Corbin has been
who purchased this stock, but it is only
freely used as the party
fair to say that persons usually well
V4
3
Napoleona
X X Reichmarks. 4
XGulUlors
3
Aimn'li Doubloons. 15
Mei. Doubloons..]!}
Pinaxold tmra....
Fliijxtlver bars
Dimes A
informed as to Mr. Corbin's
MH
]fli4
40T,a»40>t
Otnuknd.
4 80
144«S 18%
40^ AlOIIj.
S
—The following are qnotations in gold for vanoiu coin*
Sorerelgns
to
purchase in his interest the Vandcrbilt holdings of Reading
stock, said to be 07,500 shares, and 38,100 shares in the names
of other parties.
16^»9
Anuterdani (guilder*)
fnuikfort or Bremen (relohmarki)
March 15 Fob. 37 to Mar. 15
FRIDAY.
Ooy*.
Dooamentaryooininerclal
Prtmeoommerolal
a6-3 P. M.
The Money Market and Financial Situation.—The week
On
JMy
:
«88<«
4 86>aai 87
4 86 •«
Coioa.
WAI.r. STRKKT,
are at follows
Prlmebankert'aterlltKrbllUon London..
BooAm atond,
{Dayi inelutit*.)
OtM. iPayabU.
mUcellaneona.
banken
Tebruary 26.
hM recently been annoanoed
Per
265
rate* of leading
OIVIDBNDB.
Xtas toUowtiif! dlTldead
:
;
.
.
1
^ dlmea -
86
86
74
•$4 89
•
9
9
3 90
4 80
96
4 00
55 916 70
55 915 65
par9 *« D)Tenj
0239* IC03 ig
99i«» Var
—
—
—
Do uiicommerc'l. —
Silver ^aand
Plve franes
<sii.
99<li9
par.
98%9
par.
92 9 — 95
80<a» — 81%
80 9 — 81
— 73 9 — 74
Peruvian sola
EDKlUhailver.... 4 78 9 4 84
U. 8. trade dollara — 82 9 — 85
Mexican
dollari..
a. S.sllverdcillara—
United states Bonds.— Government bonds have had an
active and strong market this week, the transactions extending
to the currency Os, several classes of which were sold at high
The 4s sold up to 127i, the highest price ever reached
prices.
for a Qovcrnmcnt 4 per cent bond.
The closing prices at the N. Y. Board have been as follows s
Inltretl Feb.
money in ReadFeb.
Feb.
Feb.
Feb.
Feb.
Periodt.
20.
22.
23.
24.
25.
26.
whole thing as an obstacle to the
*112J«|
4>«»,ieoi
11288
.red. Q. Mar. M12>«
112>a
would
seem to have been 4I9S, 1891
success of the Reading syndicate
.Cuup. Q -Mar. •113i«
M13% 113i« li:i«,i II3'8
125T8 120
..TCg.Q,. Jan. '1 2.108
12638; 127
overestimated, as the syndicate have based all their operations 4s, 1907
coup. CJ .Ian. 12.559
126
12«>9 120 "4; 127%
48.1907
10038 •loo's; loo's 101
from the start on a proposed foreclosure of the Reading general 38, option U. 8.. -reglQ. -Feb. "1004 i
'126 J« 126>s, 12(iis •126'«
68, our'oy, '95.. ..rcK.iJ. &. J. '126»»
mortgage and it would be a matter of comparative indifference 68, cur'ey, '96.. ..rOK.'J. & J. •129
w M29 •129 129 •120 "<
'97..
•13138
&
our'cy,
..reK.r.
J.
•1313b •181 Hi' 131I4 •131>«
Some persons even 6e, cur'i'y.
to who were the holders of the stock.
'98.. ..reg..r. & J. n33%
•133% loS's' lu3%| •134%
68,
136J8' 13b»4i •136%
•136
'99..
^136
..reg.'J. & J.
doubt whether the Vanderbilt stock has yet been purchased at 6b, cur'i-y,
• This Is the price bid at the momlns board; no laU was made.
all, and believe that the report is one of Mr. Gowen's over-
transactions doubt whether he has invested any
The importance
ing.
I
I
of the
.
I
;
;
M
:
—
sanguine announcements.
State and Kailroad Bonds. State bonds have been only
moderately active, the total sales for the week being as follows:
doubtful if these alone would have much effect on the stock $65,000 Virginia 6s deferred at 13-14 |157,000 do trust receipts
at 13J-14i; |80,000 North Carolina special tax bonds at 10-i;
market. In London, the newspapers comment on the fact that
$11,000 Louisiana stamped 43 at 72-i; $4,000 Georgia 7s, gold,
railroad
bonds
are
being
bought
up
for
American
shipment 114; $3,000 Arkansas 7s, Central R. R. issue, at 8; $15,000
to this side, and remarks are made upon the fact that the Eng- Tennessee Os at 60; $10,000 do. compromise bonds at 70.
The railroad bond market has been much less active than it
lishmen are not shrewd in selling these bonds back to us now,
was last week, and there has been no conspicuous feature
when the prices are steadily going up on a better prospect for
except the continued activity and strength of the Erie bonds,
railroad business in the future.
which have again become very strong. Other classes have
The exports of cotton ought soon to help our foreign trade been only moderately active, though the general tone of the
movement, as the port receipts are now running every week market has been strong.
The closing prices and range of a few leading bonds are annexed
The exports
of gold are attracting
some
attention, but it
is
;
much
in excess of last year,
and prices are so low that exports
will be encouraged.
The open market rates for call loans during the week on
stock and bond collaterals have ranged at li@3i per cent, and
to-day at 1^-2 per cent.
at 3@4i per cent.
Prime commercial paper
is
quoted
The Bank
of England weekly statement on Thursday showed
again in specie of £328,373, and the percentage of reserve to
liabilities was 49J,
against 48J last week; the discovmt
rate remains unchanged at 2 per cent.
The Bank of France
gained 15,700,000 francs in gold and 1,932,000 francs in silver.
The New York Clearing House banks, in their statement of
February 20, showed a decrease in surplus reserve of $3,7(i7, 125,
the total surplus being 131,700,875, against $34,468,000 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.
188S.
Feb. iO.
Differ'nceefr'n
Previoue Week.
1885.
Feb. 2
1.
1884.
Feb. 23.
Loannanddls. 7348, 1.13.800 rnc.*3,5S5,400*298,231,500;J344,52.?,800
Specie
07. OOti.TOO Dec. 1,098.900 101,016.000
77,>iG(i,300
Oiroulatlon
S. •ISS.TOt) Deo.
1.58,100
14,36.1900
10,977.300
Netdepoaita.. 39.5, Ort4.U
Dec.
986,700 3.=12. 17 1.000 361,380,200
Legal tendeni.
33, 407,700 Dec. 1,914,900
32.210,200
36,139,600
IiBfral reserve
S9S, 773,.-.25 Dec. S24fi,675 S88.042.750 $90,3«5.0.50
Baeerve held. 160,,474,4UO Dec. 3.013, bOO 137,755,61)0 110,106,100
.
.
Borplns
*31,700,«75 Dec.ii!2.767,125
Exchange.
$49,712,650 919.761. 3(50
—The
market for sterling exchange remains dull
and unchanged, with rates firm at the same figures quoted last
week. Qo^d continues to go out in pretty large lots, the total
shipments for this week being |1, 392,000.
To-day the rates on actual business were as follows, viz.
Bankers' 60 days' sterling, 4 871@4 88; demand, 4 89.}@4 89 J.
Cables, 4 80i(a4 891. Commercial bills were 4 86@4 804. Continental bills were:
Francs, 5 16i@5 16J and 5 13i@5 14|
reichmarks, 9oi@95| and 95J@96; guilders,
40f@40 7-10 and
;
40i(a40 11-16.
The following were the rates of domestic exchange on New
Tork at the under-mentioned cities to-day: Savannah, buy">K i premium selling J premium Charleston, buying par@i
premium
selling
Boston, par@8 discount
J premium
;
New
Orleans,
premium;
;
;
;
St.
;
commercial, 25@50 discount; bank, fl 50
Louis, 25 premium; Chicago, 25@40 discount.
Name
doling.
Range tinee Jan.
Feb.l9. Feb. 26
S. Y. L. E.& We8t.,2d coiisol. 68 102
8'5>8
Do
do
ex. June, '9Gcp.
Do
fund. cp. 58
9138
do
West Shore, euar.,4s
103%
Gulf Col. & Santa Fe, gold, 68 ..
96 >«
Mutual Uuiun Tel., a. f ., 6b
8%%
Mo. Kans. & Texas, gen. 58
81%
Do
do.
geu.CB
94%
Deny. A Bio Grande, Ist 78
119%
Texas & Pacific, Kios, 68, cp.
Northern Paoitlc. Ist, coup.,
South Carolina, inc., 6a
Fort Worth & Denv. C,
*
Bid price
;
1, '86.
of Bond.
no
off.
68.
52%
lU'e
2678
1st,
6s
iMteeet.
89
10238
87
76''8
77%
102 '8
•89
81%
91%
119%
52
114%
28%
SO
1
01 14
Jan.
Jan.
Feb.
.Tan.
^63l Jan.
7HJ4 Jan.
75 Jan.
88 Jan.
114% Jan.
45% Jan,
111% Jan.
26 Feb.
81 Jan.
Highett.
I
103
Feb.
i'S^ Feb.
95% Feb.
104 Jan.
97% Feb.
90 Feb.
83 Feb.
96 Feb.
120 Feo.
5579 Feb.
115 Feb.
{9%Jan.
90% Feb.
sale.
—
Railroad and Miscellaneous Stocks. The stock market
has not shown any particular activity during the past week,
and the great bulk of transactions has been confined to the coal
stocks.
The fluctuations in the coalers have generally governed the course of prices, and the market has been quite irregular for the more active stocks, prices fluctuating from day to day,
though the net result of the week's transactions shows very
few changes of importance. Transactions have been confined
largely to speculators, and the changes in prices have been
principally governed by the efforts of bulls and bears to gain
an advantage, as well as by the varying reports in regard to
the affairs of Reading and other coal roads.
In connection with the Reading matter an important feature
has been developed since our last report, namely, the fact
that Mr. Gowen has secured the alliance of Mr. Austin
Corbin, and possibly others, who are reported to have purchased the Vanderbilt holdings of Reading stock. The
effect of all these matters has been to cause much irregularity
in the stocks affected, Delaware & Hudson and Lackawanna
being very active with a downward tendency, while Reading
and .Tersey Central have been stronger. In regard to Delaware
& Hudson an additional cause for weakness was the reduction
of the quarterly dividend from li to IJ per cent.
The war among the Transcontinental roads has also been
prominently discussed, and has had a somewhat unfavorable
effect, especially as it was rep' rtcd at one time that it had led
to serious cuts among the Eastern trunk lines; but there are no
The strength of Erie prepositive indications of this as yet.
ferred stock and bonds has continued, the former selling up
to est.
—
.... ..
..
THE CHRONICLE.
266
NEW YORK STOCK EXCHANOE PRICES FOR WEEK ENDING FEBRUARY
AND SINCE
26,
HIGHEST AOT) LOWEST PRICES.
STOCKS.
ActlTe
RR.
Bsturdsy,
Feb. 20.
Stocks.
62% 63%
43''8 44%
51>8 54%
41
41%
Canadian Faci&o
Canada Southern
Central of New Jersey
Central Paolflo
Do
Do
let pref .
•WHl 20>s
.
2d pref
•13
15
140
142
Cblcago ife Alton
Chicago Bnrlinirton & Qulncy xl37 137<s
93>4 93»8
Chicago MUwaukee 4 Bt. Paul.
Do
Chicago
Do
123% 123%
109% 110%
pref.
& Northwestern
140>£ 140>a
pref.
Chicago Rock Island A PaolHo. 130 130
13>< 13»i
Chicago St. Louis * Pittsburg.
33
33
pref.
Do
4018 40'>4
Chicago St. Paul Minn. <b Cm.
104>8
105
pref.
Do
5414 5536
Cleveland Col.Cln.A Indlsnap.
Columbus Hocking Val. *Tol. 35>4 36I4
Delaware LaekawannaA West 125 128%
17>« nht
Denver A Rio Grande
Assessment paid
Do
3>e 3%)
East Tennessee Va. ifc Oa
Do
;
'
'
pref
6>a
80
76
Eransville * Tcrre Haute
Fort Worlh&DenverCity
St.
Paul.
Green Bay Winona A
33
nouston <& Texas Central
issij 1385»
nilnols Central
26''8 27
Indiana Blooiuingt'n A West'n
*13
14
Lake Erie & Western
Lake Shore A Mich. Southern. 87J4 88>s
87i«
87%
Long Island
Louisville & Nashville
40>a 4214
Cliicago...
Louis. New Alb. &
Manhattan Elevated, cousol.. 125>a 125'8
Memphis & Charleston
74
74
Michigan Central
Minneapolis & St. Louis
19>a 19^!
pref. •4713 49
Do
29% 30%
Missouri Kansas dc Texas
109% llOi*
^Missouri Paclllo
'14
16
Mobile & Ohio
48
48
Kashv.ChatIanooga<iSt. Louis
Central
Hudson.
Hew York
&
106»e 1065s
8% 8ifl
Hew York Chic. <& St. Louis.
*18i4 ...
pref.
Do
Hew York Lake Erie & Weet'n. 27»2 28J4
596g 61%
pref.
Do
36I3 37
New York & New England
Hew YorkOntario& Xvefitem. 1914 I914
Hew York Susq. & Westers.
7% 7ie
21
Do
pref.
211a
*9
Horfolkdc Western
10
*28ia 29
Do
pref
.
27
Horthern Pacific
Do
58=8
i)ref
1%
24%
Ohio Central
Ohio^
MiHsissippi
Ohio Southern
Oregon Short Line
Oregon & Trans-Continental..
Peoria Decatur EvanavlUe
Philadelphia & Reading
Richmond 4 DunvUle
Eichm'd <fe West P'ntTerminal
Eochester & Pittsburg
Bt. Louis & San Fraacisco
Do
Do
Bt.
Paul
&
pref
ist p»ef
59k
1%
24=8
17
25
31%
3214
2II4
21
231s
*76
25%
.
United States
Wells, Fargo A Co
\".
Inactive Stocks.
Albany & Sua<iuehauiia-.
Atchison Tiipeka
Atlantic
40%
Cedar
102% 103
122
<&
5.1%
*1»
"'
•17
Alton, pref
Columbia & Greenville, pref.
pref
Morris & Essex
Hew York Lack. & Western.
Hew York New Haven A Hart.
Pittsburg Ft. W. A Chteago....
.
Quicksilver Mining Co
Do
„
Eensselaer
142
137% 137% 137% 138
130
15
35
14%
20
137
*103
*200
23
3
*6%
77
*7%
*29
138
27
87
87
41
125
40%
31
•6
Borne WatertowQ AOgdensb'g
A Tenre Haute.
30
Oonsolid.itiou Coal
Marjland Coal Co
Central Coal...
11
19% 10%
13% 13%
140
142
3%
7
78
8%
3%
6%
3%
6%
77=8 79
e's
•9
28=8
6%
78
6'8
10
2BI4
25
31=8
21
25% 26
77
5
105
102
41
105
10
10
•40
6=8
79
75% 75%
•19%
•19%
7%
22
9
7%
22
10
29% 29%
26% 26%
57% 58%
26% 26%
57% 59
1=8
1% I's
I'e
23% 24=8 24% 24%
16% 16% •16% 17%
•3%
22% 22%
3% 3%
3%
•6%
78%
3%
6%
7878
8
•29
48
30
110
16
21% 21%
21
20
25
30% 31%
21
29
25% 27
76% 76%
36%
'102
29%
5
104
40% 42%
•72
•19
75%
20
•47% 48%
29
110% 110% 110
14
•14% 15
29%
110%
15
-47
49
49% 47
106% 106% 10578 106%
8% 8%
18% 18%
28%
28
62
37
18^8
*7
21%
63=8
37'e
18'e
22
8% 10%
20% 29%
26% 26=8
57=8 58%
1%
1=8
24% 24%
17% 17%
•22
8
•18
27=8
61=8
37
8%
19%
28
62%
37k
18 19%
7%
7% 7%
25
30% 31%
21%
24^8 26%
21% 31
35
•3%
48
•21% 22
•9
10
28% 29
26% 26=8
57% 58%
1% 1=6
21% 24%
•20
25
30=8 31%
24% 25%
35% 35%
35
3% 5 34%
-3% 5
21% 21% •21% 22
46
104
41% 42
•45% 46
102% 102%
41
41%
107 109
109 109
109 109%
117% 117% 117% 118% 118% llS^e 118 118%
12% 12% 12% 12% 12% 12=8 12% 12=8
4S% 49% 48% 49=6 48=8 49% 48
48^8
•19% 20
9=8
9=6
•19% 20
9% 9%
19% 19%
9%
9%
19k
25
25% 24% 25
24% 25% 24% 24%
105 106
102% 102% 103% 10578
102% 105
100% 103% 102=810414 102% 103% xIOO%102%
21% 21%
101 102% 102 102
100=8 102% 101=8 103%
49
50% 49=8 50% 49=8 50% 49=8 51%
135% 135% 134 136
133 136
71% 72 k 72
72% 72
72% 72
73%
148
106
66
125
147
105
147
106
12
8
12
•17
....
149
105
106
66
124
140
145
140
124
125
8
•13
•17
8
15
19% 18
•217
'217
28
60%
137
59
137
19=8
19
149
106
66
124
65% 65% 64
144% 144%
88% 88%
8
8
145
15
20
160
42
225
100
28
"59% •5S
778
77e
•12% 14%
•17
'155
20
160
'217
225
41
100
100%
29
...
58
59%
137% 137%
137
7%
•6
148
7%
•21
24
•38
43
95
15
28
16
14
30
151«
15%
14
14
'
93
15
•25
•13
•12
22
6
25
22
30
40
30
40
•6
*90
These are tke prtces bid and asked no sale was
made at the Board.
;
144
140
7%
7%
22
•6
124%
111%
Jan.
24%
•38
•90
41
05
29% 29%
40
90
...
...
16
16
135%
Feb.
Feb.
Jan.
Feb.
Feb.
20
Jan.
Jan.
2
7
6% Jan.
11% Jan.
2
15k
35%
42 k
105%
60
38%
20%
80
15
25
17
5
5
2
17
13
2
Feb. 20
25% Feb.
1
10
36
Jan.
Jan.
143% Feb.
2878 Jan.
18% Jan.
90% Feb.
91 Feb. 26
4579 Jan. 4
41 Feb.
127 Feb.
38% Jan.
76% Jan.
22 k Jan.
51 % Jan.
32% Jan.
114% Jan. 11
17 Jan. 5
50 Jan. 7
107% Feb. 13
10 Jan. 5
23 Jan. 5
2878 Feb. 17
63=8 Feb. 25
43% Jan. 28
21% Jan. 4
8% Jan.
21 Feb.
Ilk Jan.
30% Jan.
29 Jan.
617e Jan.
2
Feb.
25% Jan.
19 Jan.
25% Jan.
34% Jan.
22% Jan.
27 Feb. 24
82% Jan. 14
38 Feb. 2
5 Feb. 15
23% Jan. 25
48% Jan. 7
105 Feb. 9
42% Jan. 6
109% Feb. 26
11878 Feb. 25
14=8 Jan. 2
22
56% Jan.
12% Jan.
22=8 Jan.
2
2
2
25% Jan.
2
59,735
18
40,318
Feb. 8
Feb. 13
30 Feb. 3
108 k Jan. 5
67 Jan. 2
13778 Feb. 9
7578 Jau. 9
55
482
20
60
144
Jan.
1,50
Feb. 12
101% Jan.
62%. an.
119% Jan.
106
Fell.
200
4,331
98%
111
108%
87k
66
I
125%
200 137% Feb.
]
87% Jan.
Ih
3,000
50k
Jan. 18
520 132k Jon.
9
'206
231
100
7
21
155
2.5
38k
86
9
400
Ilk
10%
Jau. 2
Feb. 6
Feb. 9
Jan. 21
.Tan. 18
Jau. 4
Jan. 5
Jau. 13
Jau. 9
Feb. 9
Jau. 16
17
Feb. 26
Feb. 15
144793 Feb. 20
9378? Jan. 14
77g Feb. 26
9%i Jan.
755
20 11 Feb. in 14kt Jan.
17 Jan. !> 22%3 Jan.
155 Jan. in 160 Feb.
100 42 Feb. 25 45 Feb.
215 Jan. 15 217 Feb.
710 93 Jan. i;i 100%2 Feb.
405 17 Feb. 2 20 k1 Jan.
100 22 Jau. 28 28 Feb.
20
ll's
17
Jan.
Jan.
Jan.
21% Fob.
99 Jan.
49 Feb.
132% Jan.
68=8 Jan.
2,600
10,658
62,619
14% 14%
11%
2
Feb.
Feb.
Feb.
Feb.
Jan.
Jan.
141
131
30
20 141
7%
•22
Feb. 12
Jan. 5
96% Jan.
100% Jau. 20
204k Jan. IH
148
Feb. 15
44% Feb. 1
13% Jan. 8
21% Jan. 6
15k Feb. 13
Jan.
35=8 Jon.
98 Jan.
50% Jan.
29 Jan.
115 Jan.
100 14% Jan.
250 21% Jan.
3 Feb.
2,940
6 Jan.
1,010
3,545 67% Jan.
19% Jan.
2,550
8 Jon.
100 2978 Feb.
3,163 138% Feb.
3,824 23k Jan.
400 12 Jan.
99,205 82% Jan.
4,201 80 Jon.
31,890 36% Jan.
400 35% Jan.
5,995 120 Jan.
30 Jan.
500 68 Jau.
100 18 Jon.
300 45k Jan.
16,130 27% Jan.
1,415 107% Jan.
100 14 Feb.
700 46 Jau.
9,473 102% Jan.
60'
8 Jan.
250 17 Jan.
126,420 23 Jan.
18,810 50% Jan.
16,445 36 Feb.
23^^ 18% Jan.
6 Feb.
800
1,450 17% Jan.
05
8% Jan.
1,460 25 Jan.
1,725 25k Jan.
72,980 56k Jan.
3,488
1% Jan.
2,382 21 Jan.
250 15k Jan.
2178 Jan.
18,472 27=8 Jan.
910 18% Jon.
159,325 18% Feb.
200 76 Feb.
2,350 32% Jan.
100
3% Jan.
400 20 Jan.
100 42% Jan.
221 97% Jan.
5,845 37 Jan.
1,728 90% Jan.
4,605 106% Jan.
C,073 10% Jau.
61,973 47% Feb.
737
9k Jan.
810 17% Jau.
18
•7%
12%
106
66
1886.
68k Jan. 14
45% Feb. 17
56
134% Jan.
90% .Ion.
320 120
210
24%
Feb. 17
600 12 Feb.
540 139% Jan.
3,655
92=8 140,940
9
8% 8% '8% 8%
•29
32
32
29^8 29''6
138% 138% 139
138% 139% 139% 140
27% 27
27% 26'8 27% 26% 26%
•12% 13% 13
13
12% 12%
38
87% 88% 87% 88
86% 87%
87
87
89% 89% 89% 89% 91
41% 41% 4l''8 41% 41% 41
41%
37
37
36
36
125% 125% 125=8 125 125% 125% 126
33
48% 48%
29%
29% 30%
110
109% 110%
•14
14% 14%
•47% 48% 48% 48%
106% 106% 106% 106%
8% 8%
8% 8%
19
19
18% 16%
27% 27'8 27'8 28%
60=8
60
60% 63%
36^8 37%
37% 38%
18% 18% IS's 1878
48
30''8
61
1,
Highest.
38% Jan.
42% Jan.
39% Jan.
980 10% Jan.
200 18% Jan.
137% 137%
32
23% •22% 24%
•19% 20
28
60
137
pref
Coal
42
lO'e
40
155
42
137
104
42
2,626
6,150
90,222
3,115
30
31% 31
31% 1,800
40% 39% 40% 39% 39 '8 7,335
103% 103 '8 104% 104% 104% 104% 103 103% 1,805
54% 54
54% 54% 5414 54
54
54
2,600
36
34% 36
36% 35% 36
35% 35% 10,035
126=8 128
124% 128% 127% 129
126% 127=8 493,985
40
125
8
63% 63%
43
43%
53% 64%
Lowest.
1886.
1,
Range since Jan.
109% 34,947 105 Jan.
140%
621 135 Jan.
129% 130% 129% 129% 129% 12y6
874 127 Jan.
*12
14
13% I3I4 1279 13
610 1278 Feb.
18%
*22
•
*13
•30
64
5a% 61
A Saratoga
Bt. Louis Alton
142
100
p»ef....
Kew
141
,
Do
Do
„
Cameron
130
(Sh'res)
JAN.
lOg^s 110% 109% 110% 109>4
140 141
140% 141 141
140%
140%
130
105
Cent leased llnestsiek
Manhal tan Beach Co
MU. Lake Shore & West
Illinois
109=8 llOk
•42
•217
Harlem
11
*19
*13
Week
Friday,
Feb. 26.
93''8
93% 93'8 92=8 93=8 91=8
93
'123% 124% 123% 123% 123 123
123% 123%
145
148
106
66
125
144T8.144''8
<&
Central Iowa
Chicago
2.5
106% 107
102% 104%
& Santa Fe
Pacific
Falls & Minnesota..
20
*13
141
137
11
20
15
141
137
45%
•145
105
*64
American
43
63%
43 '8
53% 54%
42% 42%
11
11% 11%
20% 19
20%
15
13% 13%
102
102
'71% '72%
Express Stocks.
Adams
42I4
437e
53% 54%
42% 42%
102
50%
Pullman Palace CarC»
Western Union Telegraph
63=8
43=8
43=8
53=8
1U2
40
24%
Pacific Mail
63% 63%
43=8
52
21% 21% •21% 22
•15
46
45% 45%
RliacellaneoHa St»eKB.
Delaware & Hudson Canal...
Oregon Iiiiiiroveuient Co
Oregon Railway & NaT. Co.
63% 63%
43%
'21% 22
"45% 46
Do
pref
104% 105
Paul Mlnneap. <& Maaltoba. 117l4ll7>4
Texas & Pacific
12% 12%
Union Pacific
48 14 4914
Wabash St. Loulo & Paclfio.
9% 10
Do
p»ef
19H I914
& 1 ron
Consolidated Gas Co
Feb. 25.
31% 34%
31a
Sales
of the
Wednesday, Thursday,
Feb. 24.
•76
Bt.
Oolora<lu Cual
Feb. 23.
•22
77
34% 35
3%
Duluth
27
17
20
Feb. 22.
11
12
*11
Cbesapeake AOliio
Monday,
Tuesday,
rui.
(Vol.
Feb.
Feb.
Feb.
Feb.
148 Feb.
8 Jan.
25%J Jan.
163 Jan.
31 Jan.
46 Feb.
95 Feb.
16kI Jan.
31%i Feb.
63
138
104
210
5
9
5
17
4
16
26
7
23
17
10
18
15
3
6^
13
2
2
3
16
2
16
16%iFeb. 16
15 k1 Feb. 15
—
Vkbkuary
—
—
..
..
,..
Uluil U,
», 10U6
4a, lt)ue
et,
10 aot,
I
110
fiin<l0<1
It. L. Hook <t Ft. ». laa.
7a, Mamp.ft L.H(Mk
7a, L. R.P.B.i)t N.O.
R, R. KK.
Ta, Mlaa.0.
A
lHtf4.95
Ht. Jo.,'86.
Ftiiiilli<»(,
RR
BR
103
10»
ao><'
loiiii,
1«»1
Bii,lo:»ti,
l«»a
118
118
121
New Voik-6«, reg., 1887
23
35
6«,
ArkauHan Oenl. RR,
moii'
,awr«l»-(la, 1886
7a.
e.t,
loan, \m:i
ini\ 102 >« N. Oanil na— 6a, oM, J.AJ.
7«.l888
30V
03
118>V 119>ii
lOJ
ea..4919
AotMKT,
18691
as,
TeniMmas—Cantlnaad—
8a, a*w aeriea, 1914
60
a'mp-mUe.8-4.t-««,I9 13
VlTKlnta—6a, old
8a, new, 1866
6a, oonaol, bonds
6a. ex niatur«d ooapoa.
6a. coiinol., 2d a«rl6«....
'is'
4S
9S
60
60
12S 14
6a. (iBf erriMl
Dlatrlot of Colambl*—
».68a. 1934
Don.tandabln. 1888. (
Broirn cooaorn 6a, 1893 108 1« 100
T»noawM-6a, old,1893.8 «0
UO
a«.B»w. 1893-8-1900..
10
1900
FiindliiK act.
I
30
Obl»-6a. 1886
Bonth Oikraltn>—
HO
I
lis
T».«»ld. 1890
•BOURITIBB.
.
Wll.CABa.R.
iDo
OODiol. 4a. 1910
Sa,
96, 1886.
Bid.
Maw bond*, J.AJ., 'M^
•MoUl tax, >II oIbmw*.
71>a
lliv
A
Haiinlhal
-,20
BBOnRITIKfl.
M, Oarolln*—Oonttnaad—
H4
HtAmp 'il, 48
67
UKt
Mlaaourl— 6a, 1886
e>.dnnl88(lor 1890... 107
Aayl'mor Univ., (In* '93 iia
Otf
107
tt.
Bid.
LoalalMik— 7a, «oiia.,1914
,
iMo
Arkanawi— 6s,
SKOURITIBS.
Alk.
Bid.
100 >« 101
110
107
267
FKURVARV
QUOTATIONS OF STATE AND KAILKOAI) BONUS,
STATU BONDS.
OluaO,
1
.
THE CHRONICLE.
37, 1888.J
eKCCRITIBB.
AUbama-Olua X, 1906.
.
118
BCKlatered
110
Fiuidlii«»a, 1889
RAILROAD BONDS.
BKCURITIES.
SBCURITIES.
Aak.
Bid.
Railroad Bonds.
K rch-iii^f
(Stock
AWh.
Prtcn.)
r.AS.l'.. -4'.ji,l920
Ba. (told.
1112 >a
85 >! 86^
110
General,
*
1910...
Trust Co. receipts
Ist, consol..7a,
108
44 >•
P.— ooua.6s
09. Itiai
82 >9
110
laU
•Central lowa-lst. 7»,'«»t
K»iit. I>Hr.-l«t,6s,l912
III. Ulv.. lat. (is. 1913 ..
<!he5.* (1-Piir. mo fd.'SS
•68
i'ii'
68. (tolil, series A., 191)8.
es.Bold.seriesB.. lOOdt
Den. A
1st.
3d. extende<l. 4 Sis. 1923.
4th. extended, 6a, 1920.
6th,7», 188S
Ist. cons., gold, 78. 1920
Ist. cons,. Id. coup., 78..
lleoig,. Ist lien, 6.9, 1908
Long Dock b'llds, 78, '93
Consol. gold. 5s, 1935.
Ex June.
slukiug fund, 1991..
dMhouturos, 1913 ...
Uiv.-S.M., 5,9, 1919
.Sinking fund, 49. 1919
69.
59,
la.
103
113
102 S»
99
19'J2..
A
I
l8t,89, P. D., 1898
2d,7S.10s, P. U.. 1898.
1st, 79. «K.. U. I)., 19J2.
l9C. L.'* O. Ulv.. 79, 1 99 J.
l9t, I. A M., 7s. 1897...!
Ist. I. A I)., 79, 1899. ...I
Ist.C. A M., 79. 1903...
Consol. 7s. 1905
lst.79. I.AD.Ext..l908
l8t, s.w. Dir..«s. 1909.
1st, 59. I.aC. A lUv. 1919,
l8t.S.Miun.r)lv..t!9,l9l0
l9t. II. AD., 79, 1910 ..
Chic. .'el'ac,Uiv,,6s, 1910
l8t,t'lii.-.Al'.VV..59.1921
Mini Pt. Div.,5s, 1910.
C.A L.rtup.Dlv., 5.9,1921
131^133
1
1
130141131=4;
13iSjl
131
131
....|
IISS1I2O
'106
1
il'JO
I
I
106
134
142Sl'
iofai
107»4!
£scsnaliaA L.ij.— l9t,6s
De«M.,tMiu'ap.— l9t,78 126
88..
Peninsula- 1 St, con v..78
Chlc.AMllwkee- l9t.7s
Win. St. P.-l8t.7.9.'87
A
2d. 7.9.1907
HaAXad.— lst,Ss.l90S'
Ott.C. F. A St. P.— IstSsI
.is.
1910.
C.CCAInd's— lst,7s.s.fd.
Consol. 79. 1914
Con.9nl. sink. fil..79,1914
135
130
125
10334 104^4
130
114
109 Si
108 Si
128 Si
i26'
1930.
StP.&S.C- Ist.as.lOlO
<Jhlo,St.L.AI-.— l»t,con.58
CblcAWInd.- l9t,9.t.,B8
Cblc,
I
molt.,
ii9,
1932
...
122
130
l'27Si
aj,6s.l9'26
1'29
I'lSSi
95%
114
112
ill"
Dot.M.AT.— lst,7.9,1906
Lake Shore— Div. bonds
Consol.,
Cousol.,
Consol.,
Consol.,
reg., ist, Ys ..
coup.. 2d, 78..
reg., 2d, 78...
MahoningCual U,..l8t,5s
Longlsl,
1st, 7a, '98
1st, consol,. 59, 1931
RR—
^.ouisv.A Na9h.
Cons., 7k, 1898
Cecllian Br'ch. -7s,1907
E. K. A N.— Ist. 68. 1919
General. Bs. 1930
Peusacola DiT— 08.19211
St. I,. Div.— 1st, 6s. 1921
Syr.BlnK*.\.Y.-1.9t.7!Morrls A Essex— Ist, 7s
1891..
Bonds, 7s, 1900
780( 1871,1901
2d, 7s,
1st, con., guar.,
73 ...
K. Y. Lack.A W.-lst,6!
ConBtructlon, 58. 192;i
1980
>.ashv. A Dec— ist, 7s..
S. A N. Ata.— S.f.Bs,1910
Loniav. C. A L.— 69.1931
Trustbonds. Bs, 1922...
10-10, Bs. 1924
Pens. AAt.— l8t.B8. gohl
Erie AW.— ist. Bs, 1919
Sandusky Div.— 6.9,191!i
•98
1907
coup,. 1st, 78.
L.
•111
I,af. Bl.
Col. H. Val.A Tol.— lat, 69
D«L L. ft W.— 7s.conv,,'92 •115J<
7s,
A Aah.—78....
BiitT.AErle-.New bd9,79
Kal. A W. Pigeou-l.st.
2d. 3s.
128 Si
'118S
Ast.L.— lBt,(i.9,191o 108
CoUAOroen.- lst,(ls,191u
Mortgage,
Stamped 4 p. c, 1911...
Knoxv. A O.— l8t,B8,19'25
Lake Shore A Mich, So —
ClBve A Tol.— N bd9..7s
(is.
01iic.A.l!:.tII.— lst..9.(.cur.
Oonaol.. l.st, Os. 1931...
Oeu
Eastern Div —68, 1921.
Indmnap. I). ASiir.— l8t,79
2d. 6s. 19'30
105
Oonsol. Bs. 19:10
No. Wis —Ist.
1st, prof., 79
lat, 5.O9, 1909....
2d. 5.Bs, 1909
Cleve. P.
93
A M.— lst,Bs.l91P
Loulsv.N.AIb.AC— l8t,8lGeneral mort.,
137 S, 139''130
138
148
116
I'M
125
129
131
132
la.s
130
I30>.j|
a,
107
lOS-Tsl
'
Bs,
1914
I.OU. .V. O. A Tex.— lat, 5:
ManhatB'ch Co.— 78,1901
N.Y.AM.B'h-l8t,7a.'9'
Metpn. Elev.— iBt.Bs.lOO*'
2d.0a,1899
Mex. ('ent.- Ist.
78, 1911.
1st, M.. 78. ex.rp..6.7.A)-
New a99ented.
Mich Cent
M« prices Friday
i"o"9'i
114Si
94
1)3
110
V
,
A
I;
94 T,
lia78
11S%
103
109 -a
128
St.Jo.
A G'd Isl'd.- l8t.6s
A Iron Mt.— let. 78
2d.7s,1897
Arkan.sas Br'ch— lat. 7s
1091a
117
St. L.
I136S
'iiosi iii"»
lie
U4
no
114>4
186
94 •
1'24
j
HI
,
.
1
I
1!
—
I
'
1
I
!
lOTt
!
91
65
50
02
1
.
A S. C— 'id DlT.,78
Cod. F. A Minn.- l8t, 7s
Ind. Bloom. A W.—
N.O.AMob..-lst.B8.1930
Oeneral con8nl..8s.l934
Chic. St. P, Mln. A Om.—
C.8t.P.AM.— I8t5s.l»18
1907
Gold, 38. 1931
.
120
112
114"
C.St,L.A.V.0.-Ten.l..7s
ist. consol., 78, 1897..
Coupon, B3, 1909
Kent'kyCcnt.— M.6s,1911
Si
118
U.Cen.— spd.DiT.— Cp. B8
Middle Dlv. -Reg., 68.
2d, Bs,
78
109
Debenture 68,1927
88>t 89
Atl.ACh.— ist, pr.,78,'97
'102
Incomes, 1900
67
Scioto Val.— 1st, cons.. 7s,
.
IntAGt. No.— Ist.Bs.gold
!
.
88
Dub.
I11919
101<4
Terminal J9, lOU
Fargo A .So. '»»,A»9u,,'24i
Chic, A Northwest.
Coasol. bonils, 78. 1013. 142
Connon, gold, 7s, 1902.. 133
...
...
.
12B'4!
no6
Iowa Midland— 1st.
line,
2d, Bs, 1913
124 vj
105
103
105
Sink'gYil, dub., 59,1933.
25 year9do:j., 5s. 1909..
main
Hous.E AW.Tex.— lst,78
I
Reglsfcl. b'old,78, 1902.
81nklni!funil.(!9, 1929..
A No..7st
2d. cousol,.
126S1
126
120
Wl9.A.Mlu.l)W.,5.9.19,il
Waco
Div,. 7et..
General, Bs, 1921
'
Con.. 1st, ext.. 69, 1922.
81 >g Roch.ftPltt let. 8a, 1921
114 >«
Consol., Ist, 69, 1923 ...
Rich. AAlleg.-lst, 73,1920
114=4
Trust Co. receipts
116
Rich. Danv.— Cons.,g,,6a
I
,
Western
June— lat. 6a. 192'.!
McK. ft Y.-lst. 6s.
UomeW.A Og.— l9t.7s.'9I
Pitts.
Pitts.
!
'
1st.
Ist.
PlneC'k R'y— Osof 1932
PlttJ(.Cleve. A Tol.— 1st, Ba
110
100
100
'
'
l,oh.AW.B.— ton.gd.a9. lll'all2
96
Am.D'kAImp.-5»,iy21i 05
Ohio. Xil. A St. P.—
„
cp.,
AW.—
1
ill '
Or'uBayW.ASt.P.— l8t,68
!12Slll3'3 Oulf Col.A S.Fe.— 78,1909
112 t:i2is
Gold, Bs, 1923
113".!
Ilan.AStJ.— Cou.83,1911
110 illlSl Uend. Bridge Co.— 1st, Bi.
80
a. A rex.c— i8tM:.i,.,78t
Adjustmenl, Ts. 1911:!...
Cony. d"iiout..(j9. 190.^.
Clev.
P. -Conaa fd..7t
4th. a. f.. 88, 1892
St. L. V. AT. It.-l8t,g.,7f
2d. 79, 1898
2d, guar., 78, 1898...
143
lS9<a
135
129
110
121
124
1
Ft.W.A Uen.C— l9t,8s...
aal.IIar. A S.Aut.— l8t,es
—
.
Cairo A Fulton— 1st. 7s.
Cairo Ark, A T.-lst, 7e
Gen.r'y Al.gr.— 5s,193I
125
>86Si' 87
St.L.AltonA r.ll.— l8t,78
104
N Y.P.AO.— Pr.l'n,69,-95
2d, pref., 78, 1891
104
N.Y.C.AN.— Gen.,63,i9i0 !!;!.';j'58ii 2d, Income, 78. 1891 ....
57'6' 60
TrustCo. receipts
Bellev.A -So. 111.— 1st. 8a
129
131
8t.P.MInn.A Man,- l3t,79
i;v--i N.Y.AN. Engrd-l8t,78
114=4
119 121
l8t.69. 1900
2d, 6s. 1909
'108
98
N.Y.C.ASt.L.-lst.«s.l921
Dakota Ext.— Os. 1910
95 14' 96
117
Trust Co. receipts
ist consol.. Bs, cp., 1933
74=4!
88=8 89
2d.68.19'23
Mlu's Un,— lat, Ba, 19'22
"82 '4' 83
'il3Sl 115
N.Y. Susq.
St.P. A Dul.— 1st. 5a,1931
l8t.63t
59
112
115
Debenture. Os, 18971. ..
So. Car. R'v— lat, Bs, 1920
9514!
Midland of N.J.— Ist.Bs 105Sl'108Sl' 2d. Oa, l!i31
83 l'N.Y.N.H,AH.-l3t.rg.,4s .....:; 113
Sheuand'hV l»t.79,1909
90^1
N Pac.— H.l.gr..l3t.cp.,r 114 1114V General, 6s. 1921
114'9| Sodns BayA So.-l9t.5s, g.
123Sj1'24S): Registered, 6a, 1921..
as\ 95 si Tex.Ceu.— l9t,s.f.,7s,1909
Gen., 'id, gold, Bs, 1933.
122 Si 123 Si No. Pao.Ter.Co.— lst,g.,6s 107'4:107'a
1st, 7s, 1911
110»4ll2
60
N.O. Pac.-l9t,03,g,1920t
Tol,AO.C.—lst,g., 5s, 1.935
105
Norf.AW.- Gen., 89, 1931 107Slll08
rol. P. A W,— 1st, 79, 1917
.. lOlSl
New Rlver-i.9t,6s,1932 106 '4 108
Trust Co. receipts
100
91Sl Tex, A N. O.— isf, 79,1903
Imp. A Ext.— Bs. 1934..
90
88
83
.\iUustint. M.-7s, 1024,
Sabine Dlv._lat,Bs.l912
aos
Ogd.A LakeCh.— l3t,B9..
Va. Mid,— M. inc., 8a,1927
Olilo A Mi99,— Cons. a.f.Ts 123 Si 125
Wab.St, L. A Pac— Gen.,Ba
1-22 Si'
Consolidated 79, 1898.
Chic. Div,— 5s, 1910
117i
122 Si
•2d,cou9olidat.ed,79,lHli
Hav, Div.-68, 1910
99
'i09Si:
l8tSpnn!?lield Div., 78.
Ind'polis Dlv.— 63, 1921.
'89 14 89 Si
Ist, general, 5s, 1932...
Detroit Dlv.— Ba. 1921..
Ohio C'lMit.-iat, T. Tr., Bs
Cairo Dlv.— 5s. 1931 ...
118
lat, Mln'l Div ,Ba, 1921,
Wabash— Mort, 7s. 1 909
116
OliioSo.— lat, (is. 1921 ...
Tol.AW,— Ist.ext., 78
) eg'nA Cal.— ist,Ba,1921
l9t. St. L. Div..78.'89.
66
Or.ATran3C'l-Ba,'^2,1922
968i
2d. ext,. 7s. 1893
9414
"- ,, 94»4
Oregon Imp. Co— 1st. Bs.
Equip'thds.. 78, '83.
ii2Sill3
Oreg'uRR.ANav.— l8t,08.|
Cousol, couv., 78, 1907
Debenture, 7s, 1887
Gt. Weat'u— 1st. 73.'88
107 <
Consul.. 53.1925 ...
2d, 7a, 1893
.1 107
Panama— .S.f., sub. Bs.lOlO
Q.A Tol.— 1st, 7s, 1890
Peoria Dec. A Ev.— lat. 6s i"o"8'" 108 Si
Han. A Naples— lst.79
E vans. Dlv.— 1st, 69,1920 107 Si 107=4
111. ASo. la.— 1 at.ex..Ba
94
Peoria A Pek. U'u— Ist.Bs *106
St.L.K.C.AN.— U.e. 79
Paciac BR.Omaha Div.— lat, 7s.
116
Cen. Pac— Gold. 63. ..., 115
Clar'daBr.— 68.1919
90
San Joaquin Br.— 68.. •lllSi
8t.Cha8.Bge.— Ist.Bs
Cal. A Oregon— 1st, Bs 104
No. Miasonri— 1st. 78.
Cal. AOr.— ser. B.. Bs. 104
W.St. L. A P.— Iowa div.,68
Land grant bonds. 69. 106
Trust Co. Receipts- .
West, Pac— Bonds, Bs.. liiSi
West Shore- ist. guar.. 48
no
No. ll'way (Cai.)— lat.Bs 110
We8t.Un.Tel.— 78. 1900 ..
So. Pac. of Cal— lat, Bs. 109 Si lOSl
7a. 1900. reg
So. Pac. of Ariz. l3t. Bs 103 >4
N.W.Tolegraph.— 73,1904
13II4
So. Pac.of N.Mex.-lstiBs 102=4
Mut, Un.Tel..-S.fd.B8.191
31 Si!
Union Pacillc-lst. Bs.. 117'8 •a7=8 Col.C.A Ir.Co. Ist. con. 6a
122 Si
Land grauts, 7s. '87.89 106 106 Sl Tenn.Coal A Ir.— <'»)n8.,Be
22=4
felaklngfund. 8s, '93.. l'22Si 123Si
So. Pltt.s.— lat, 6a, 1902.
104=8
121
Reg.. 88, 1893
liicoiiic Koiidi*.
Collateral Trust. Bs.
(Interest lytiuable if farnfd.
OiSi
Do
Atl. A Pac— Inc., 1910...
5a. 1907
Kans. Pac— 1st, Bs,'95 113
Chic. A E. 111.— Income ..
II314
1st, 6s. 1896
E.T.V.AGa. .Inc.,6s,1931
Denv. Div.6a,a8s. ,'99 114S>
Or,BayW.ASt.P.— 2d,iuc.
Ist, consol., B8, 1919. 103 '4 !03>, Ind. Bl. AW.— Con.. iuc..8s
C.Br.U.P.— F.c,7a,95 112
Ind'sDecA Spr'd— 2d,Iuc
AUCAP.— lst.6s,1903 104S;
Trust Co. receipts
II6S1
lOSSl I,eh. A Wilkeab. Coal— '88
107
At. J. Co ft W.— 1st. Ba •100
100 '4 Lake E A W.— Inc.. 7s.'98
Oreg. Short L.— lat, Bs 10i>
90
aand'ky Dlv.— Ino.,1920
TJt. So.— Gen., 7.9,11)09
88
I,af.Bl.AMun...Inc.,7s,'98
Exten.. lat. 78. 1909
— Incolne^
123
Mo. Pac— lat. cons. .88. -ills 111=4 .\I11. L. Sh. A
122 3d, 7s, 1906
Mob. A O.— lat,|>rr.,d<ben
Pac. of Mo.— let, Ba .. -104=4
2d, pref.,debeuturea
•II3I4
103
104 Si
2d, 78, 1891
3d, pref.. debenturea
89
St L.ftS. F.— 2d, 69, CI. A HIS
4lh. pref.. debentures.
112
\,Y.I-1keE.AW.— lnc.,8'
88, Class C, 1906
89 >4
68. Class B. 1900
Ills
Ohio So. —'-'d, lnc..Ba.l921
90
90
1st, «8. Pierce C. A O.
PeorlaD.A Ev.— Inc..l92<
Evansv.Div.— Inc.. 1920
Equipment. 78.1895.. 105
101 Si
104
Rocb.APltt.sb.— Inr..l921
Gen. mort.. 6s, 1931
106
105'
'.DJ'
So. Pac. of Mo — l9t.09
Rome W. A Og.— Inc., 7b.
Tex.A P,ic.— l9t,Bs,1905
923,
ioCar. Ry.— IncBs. 1931
8t.L.A.AT.II — Dlv. bds.
Consol., Bs, 1905t
"so"
84
Income A ld.gr.— reg.
38 S 40
St. Jo. A G'd Isl.—2d, Ino
Frer Iiiiit.
66
Bio O.. 6s, Aug, cp. on •54
i'l'fSi 118
52 >4 CIn 4 8p.— l8t,C.C.ft I..7b
110>,
Do
92
ex Aug. cp.
lat. g.. L.S, AM,S..7a.
Gen. mort. A tor. 68
CIn.Hani.ft 1).— Con.s.f.'i
"i'f"
l!Ponn«'''.Tanla RH.—
Iron Steamli.Co.— 6a, 1 901
Pa.Cb.'8gnar.4>a9,l8t,op 105Si
ISO
Jotreraon- 1 St. 7s. 1889
106
Pa. Co 's4'^s,reg.,1921
130
,
!
U,— 1.9t, con9., Osi
1905
West. Diy 1st, 5s...
2d, 69, 1931
A
1912
1912
I
Mt.Vern'n—1.9t, 69,1923,
Fi't.tP.Mara.— M.B.9.1920
,132>ai
lll\lll2'«il
1917.,
Ext. ACnl.. 59. 19:U....
Des .M.— l9t,.">9|
Keok.
'99
J.-l9t.
Vs.
•Cent, of N.
l8t,cous.a.9sent. 79. 1899.
Couv., assented, 7s,l992|
North.III.— lat
r.
2.1,79,
CR.I.&P.—«». cp..
188B. coup..
Pltt8.C.A8t.L.-lat,0..7»
Ist, reg.. 78
2d, 78, 1913
Pitts Ft.W.A 0.—l»t,7»
2d, 78,
3d, 78.
.
Htarleni— 1st, 7s, coup..
N.Y. Elev.-l8t, 7s. 1906
-,
I
Buff.AS.W.— 51.69,1903
Ev,A
1
„
Collat'l trust, Gs. 1922
Fund coup.. 5s. 1969.
137 Si
115
111
MInn.ASt. L.-1 9t,78,1927 130
Iowa Ext.— l8t,78. 1909 120
100
-'.1. 7a. 1891
sthw Kxt.— I8t,7a.l910 110
Pac. Ext.- 1st. Bs, 1921
Imp, A Equip.— 69,1922 «99«8
Mlnn,4 N,W.— lat,.->s,Kld. 97 Si
79»9' Mo.K.AT.- Oenl..Bs.l9'20
94 >g
73'»
81
Oeneral. 58. 1920
114
Cons.. 79, 1901.5.6
Cons.. 2d. Income. 1911. •82
H.ACent.Mo...l8t,7s.'00 114
105»4 Mobile A Ohio— .Now Bs.. 116
127 Sl[
Collateral trust, «s, 1892
1st, Exten.sion, Bs, 1927 102
Morgan's La.AT.— let, Bs 108
ist, 78, 1918
N:wh.Chat.ASt.L.— lst,7s 1'26
2d, 6s. 1901
N. Y, Central-Bs, 1887 .. ibs'si
107 «
Deb. certs., exttl. 58 ..
N.Y.C.A II — l9t.
Deb, 59. 1904
N.V.I,.E.AW.-N'w2dB8
I'.illH
Sinking fund, OS, 1929
3 Sis. 8.
B.N,Y.AB...l9t.7.9,1910
Mlas-R. Br'go-1 st,s.f.tf9
Chio. Burl. A Quiucy—
Duover Dlv.— Is,
PUlu49,19Jl
1
A.
E.T. Va. A U.-lst,78.1900
107
let. cons., 5s. 1930
92\
Ex coupons 9 to 12 ...
DlTl.slonal 5s. 1930
69 Si Ellz.C. A N.— S.rdeb,.o..68
Ist. lis. 1920
Ella. I.ex. A Big Sandy—6s
114
Ei-in— Ist, extended, 78...
84
•2d, extended. 5.9. 1919..
2d. (3tiO), 79, 1M98 ....
2d. guar. (IHS), 7s, '99
CODSOl. 79.
lSlo(J.
Land grant.
119
119
guar. (.)t)l).7s.'94
West—
9t,«a
DetMack.AMarq.— l8t,6s
6*. currency, 1918
103 >a
Mortgage, 69. 1911
94
95
Cb«.O.A.->.w.— M.. 5.6s..
Ohio. & Altou-lst, 7s.'93 120
V]
8lnklUK (nnil. 6s. 19U:i . 122
La. ± Mo. Blv.— 1st. 7s.
24.79. 191)0
Bt. L.Jiiuk.itClilc.— Ist
.
.
107
Oan. 8 o. — l»t, lot. guar.. 5s
ad.!ls.
111<I
101^ 103
1884.1913
Bid.
Penn.
ABbl'd Dlv...lst,Bs,1923
Den So.Pk.A Pac— lst,7i
N.— l»t.6a 199
r.n. IS'-'l
Baff. N. Y.
8BCUBITIB8.
RR,— Contlnncd-
Bid.
I
Mll.L8.AW.-iat.Bs.l921
MIoh. Dlv.-lst.Ba. 1924
Dcny.AKioOr.— l8t..78.
140
110
Mlnn.ASt.r..-lat,7«,5u
l».Clty A West.— l»t,7»
lat,
8BCURITIKB.
Aak.
lat, 6s.
A Sar.— l8t,cp..78
Rens.
luilh 110
Cou9ol.4col.tr..58,1934 '104 "-J
No.— l»t.5.<
O. Bap. I.F.A
I
lat, cons. ,guar.79,190B
l8t,coii8., guar. 09,1906
1'.12,^
O. Hap..»
Bid.
Hud, Canal— lat,7B 114 "a
1
HlaklllK Kliiul.tii. lull.
Atl. ft I'ac.— 1st. B«. 1010.
'Baltlm»rt< A Ohio—
lat.tis. Park. Br., 1910.
«nr.
A
Michigan Cent.—Cont'd—
118
Consul. .5a, 1903..
1st, eit., 78, 1891
120Si:121
09,1909
Coupon, 7s, 1894
-—
13914
oiipon, 5», 1931
l9t,Pa. Dly..cp..78,1917
Jack. Ijin.a Hag.— 6s.'91
1st. Pan. DW..reg..l917
Alb. A ,Susq. — lat, 79...
Mllw. A No— 1st. 6a. 1910 104
Del,
48
—Con9.7s.l90'
(
'
,
—
100
103
120
103^1
IISH
—
.
22 14
W
UU
,
.
,
;
tkeae are latast qaoUkUoiu
1
made tiila week.
ICaapaaaaC
118>*
.
.
—
..
.
1
''
.
New York
Bank Stock
are Par.
not National.
Amar.Kxohange...
Butchers' A Drov'a*
-••••
""*
ffihft«ei
Otaemlcal
Commerce
Oontldental
Com Exchange*
Eleventh Ward*
Avenue*
Folton
Garfield
German American*.
Oreenwlch*
Hmiot^»*
.
Traders'
<&
Leather Manaf 'rs' .
Market
Meobanlcs'
Meobanics'ijb Trade'
Mercantile
Herchanta' £xch...
Metropolitan
Nassau* ........
New York
New York County
ff.Y.Nat.Eich..„
Ninth .
Oriental*
PaciHe*
Park
People's* .....
Plienlx ...
BtNicholas*
Seventh Ward
Becond
Bho« * Leather
Bute of New York*
Third
Tradesmen's
United States
.
100
100
25
26
100
100
25
100
26
100
100
100
100
25
25
100
100
100
30
60
100
76
100
26
100
100
60
100
60
100
26
26
100
60
60
100
60
100
100
100
100
70
80
26
60
100
26
20
100
100
100
100
100
100
100
40
100
1
Bid.
Ask.
165
170
1»2'« 136
COMPANIES.
Amer. Exchange
Par.
50
100
25
26
...
160
17
20
70
100
60
100
40
100
30
60
Citizens'
City
sYoo' 3460
'.16
Commercial
260
Continental
112H 114
180
186
115
100
600
1040
li6
li'SHl
110
190 iio"
140
106 ibs"
Empire City
146
266
132
IdO
150
146
Oerman-Amerloan
Oermania
Globe
Greenwich
270
Kings O'nty (Bkn.).
Knickerbocker
ieo
*
Bulla..
& Trailers'
..
Mechanics' (Bklyn)
115
120
1S2
102
47
125
1B6
lou
147
175
7S
110
85
23S
11!S
107
195
70
108
126
130
72
116
210
86
85
103
iO
75
S8
110
95
140
85
165
70
146
50
100
40
30
20
40
50
100
25
60
50
SO
BO
50
Isl'd (B'klyn)
Manufftc.
150
»5
140
170
175
115
lis
117
25
205
240
80
IS
Jefferson
Mech.
136
—
Hamilton
Long
Ask.
50
60
26
100
ISO
iHi"
Bid.
17
100
.
iao"
Merchants'
ioi"
Montauk (Bklyn.)..
Nassau (Bklyn.) ...
48
37 "a
35
N. Y. Equitable....
100
N. Y. Fire
60
North River
26
200"
100'
1«S
100
146
lOS
135
115
100
60
25
100
Park
20
Peter Cooper
60
60
26
60
100
Star
100
25
25
United States
10
Westchester
WUUamsburg City. 60
Pacific
112
158
145
126
123
100
m6"
135'
125
60
107
133
120
230
Ibl
126
120
126
30
250
85
100
115
«(l
250
128
115
220
76
112
130
135
'/8
123
225
93
95
iro
45
85
63
116
100
ISO
90
176
75
15(1
108
175
1(16
155
110
140
120
105
70
HO
113
140
125
2)U
130
Quotations by Qxo. H.
GAB COMPANIES.
Brooklyn Gas-Light....
26
20
.....:...
1,000
ConsollAated Gas
Jersey City <fe Hoboken.
100
20
Bonds
Metropolitan— Bonds
Mntual (N. Y.)
Bonds
Hassan (Bklyn.)
...
Borlp
People's (Bklyn.)
Bonds
Bonds
Willlamsbnrg
Bonds
FsKimas
1,000
100
1,000
26
Var's
10
1,000
Var's
60
1,000
Hetropolit«n (Bklyn.)..
Mnnicipal— Bonds
Pnlton Mnnicipal
Bonus
Bqnitable
Bonds
Bnff.N.Y.A P.— Contd.—
100
1,000
100
100
1,000
<tt
Co., Brokers, 49
Amonnt. Period
2,000, 000 Var's 5
1.200,,000 Var's 3
250,,000 A.<fcO. 6
Wall
Date.
*
Nov.
2,'
Street.]
Bid.
Ask.
127
129
87
107
107 1^
ItO
117
140
106
133
86
Jan. 1
104
35,430 ,oool
3'9'Decl5, '85 107
756 ,0001 anar. 2>a Feb. 1 86:160
700 ,000 F.<feA.
1902
114
Jan.lO.'l861138
3,500, 000 Qnar.
1,500,,oooIm.&n.
1902
103
1,000 ,000, Var's
Jan. 1,' 86! 130
700i.ooo'm.&n.
Nov. 1.''851101
1.000 000 Qnar.
. 06C.15, 85: 86
400,',000,M.&N. 3'9lNov. 1,'
102
lao,000 A. «0. 3 Oct. 1
ino
1,000 000, Quar.
Jan.20,'
157
1,000 000 A. A O.
190(5
112
1,000 ooo:
Jan. 1,
97
750,i;ooo M.AN
1888
105
3,000, 000
Jan.16,' 86 158
300 000
1900
105
2,000 000
Jan. 1.
l.iO
1.000 000
1899
110
87
106
127'*
- .
451a
4s
510U
Income
82
82
Scrip
Debenture, 10s
N. Y. A N. England—7s..
6s
109>4
A So. Pac.—78
Ogdensb.A L.Ch.— Con.Bs
......
Income
Old Colony— 88
Pneblo A Ark. Val.— 7b
Rutland—6s, Ist
Sonera— 7s
STOCKS
127 >a 129
97 Vi 93
37
112
103»< 104
111
\
.
i27'
9'.
{82^,
Calltornia Southern
Cambridve
tah
A
17 'a
89
6
322
S-a
113
Det. Lansing A No., pref.
Eastern, Mass
Bl'oker St.dk Fnlt.F.—Stk
100
900,000
700,000
J.
&
J.
J.
Istmort
1,000
J.&
Br'dway A 7th Av.— St'k.
100 2,100,000 (i.-J.
Istmort...
mort
B*way Surface bds.gaar.
Bonds guar
Brooklyn City— Stock
Istmort
Bklyn. Crosstown— Stock
1st mort. bonds
Bnshw'kAv. (Bklaj—Sfk
Central Crosstown— Stk.
Istmort
Oent.Pk.N.4 K.Riv.-stk
Oonsol. mort. bonds
2rt
1,000
1.000
1,000
1,000
10
1,000
100
1,000
100
100
1,500,000 J.
AD.
& J.
A J.
A J.
2,000,000 (J.—P.
800,000 J. A I.
500,000
J.
1,500.000 J.
1,(100,000 J.
200,000 A.AO.
400,000 J. A J.
600,000 Q.— F.
600,000 Q.-J.
1,000
250.000 M.AN.
100 1,800,000 Q.-J.
1,000 1,200,000 J. AD.
Ohrist'phri&lOth Str-Stk
100
650.000 Q.— F.
Bonds
1,000
250,000 A.AO.
I>ryDk.E.B.A Bafy—Stk
100 1,200,000 Q.— P.
Ist mort., oonsol. ...
600&C,
900,000 J. AD.
Bcrtn
100 1,200,000 F.A A.
Klchtfi Av.—Stock
8orlp..„
100 1,000,000
100
1,000,000
a—J.
FA A.
<3d A Or'nd 8t.F'ry—Stk
100
748,000 li.-F.
Iflt mort
1,000
236,000 A.AO.
42d St. Manh.A St.N.Ave
100 2,S0O.Oro:
Istmoi-t
3d mort, income
Honsl. W.st.&P.F'y-Stk
Istmort
Kinth Ave.
Beoond Av.—Stock.
Istmort
ConsoL
Sixth Av.— Stock
1st mort
Third Av stock . .
Bonds
Twenty-third St.—Stookl
Istmort
*
1,000
1,000
1.200.000 M.i's.
1,600,000 J. A J.
100
250,000 Q.— F.
600
600,000 J. A J.
100
800,000 Oct.
100 1,862.000 J. A J.
1,000
1,000
100
1,000
100
400,000 M.AN.
1,050.000
1,500,000
M.AN.
M.A8.
500,00(1
2,000,00(
I.
A J.
a.-F.
A J.
1,000 2,000.000 I.
100
600,000 Q.— F.
1,000
250,000 Jl.AN.
This colamn snows last dividend on
ttockt,
Jan., 1886
30
Jnly.laoo
1886
Jnne.1901
1914
1921
1905
Feb., 1S86
Jan., 1802
Oct., 1885
Jan., 1888
Feb., 1«S8
Jan., 1886
NOV..1922
114
Jan.,
250
108
Quit
A
Sioux City.
20
86 "a
107
110
105
208
108
168
105
162
160
115
___
Jan., 18^0' 14
Dec.,1902|122
Feb., 1886 135
Oct.. 1898 110
Feb., 1886
Jnne, '93 112
Feb., 1914
106
'
Jan., 1
240
Keb.,1914 107
Feb, 1886 261
April. '93 112
1
40
1910
UO
1915
60
Feb.. 1886 165
1894
113
IS5
Jan., 1886
',!04
1910
May,
107
106
106
212
112
175
112
167
165
120
1421^
125
140
118
200
116
109
260
110
265
in
44
112
63
168
118
140
207
1U9
no
220
Feb.,
110
320
Jan.,
Feb.,
111
115
330
113
275
114
lau..
Inly,
Ma/,
260
112
bat date of matority ot twndi
2d, 6a, 1904
—
Connect'K
6s, cp., 19(50-04
12i<
20:
{
42i«
Allegheny Valley
Ashtabula A Pittsburg.
Preferred
Gap
Buffalo N.Y. A PhU
Preferred
Camden A Atlantic
Preferred
41a
—
43
EastonAAmb'y- 58, 1920
109
Harrisb'g— Ist, 68, 1883. 103
H. AB.T Ist, 78,g., 1890 112
971a 100
Cons. 6s, 1896
107
IthacaAAth.— Ist, gld.,7a
Jack. & Southe'm— lat,68
6s,
perpetual
—
Gen., 68...
Leh.V.— lst,68,C.AR.,'98 125
1301a
Cons. 6s, C.A R., 1923..
—
Pennsylv. Gen., 68, reg
Oen.,6s, cp., 1910
Cons., 6s, reg., 1905...
Cons., 68, coup., 1905...
Cons., Ss, reg., 1919--Pa. AN. Y. 0.-78,1896
Phil. AErle— 1 at.7s,cp.'88
Cons, 68, 1920
Cons.. 5s, 1920
N.Y.— 1st
Phila. Newt.
R.— Ist, 68, 1910..
Phil.
2d, 78, coup., 1893
Cons., 7b, reg., 1911
Cons., 7s, coup., 1911 .-
A
Preferred
671a
611a
Little Schuylkill
A Sch. Haven...
Nesquehoning Valley ....
Norfolk A West'n- Com.
81 1«
64 '4
Philadelphia A Erie
Phlla. Ger. A Norrlstown
109
Phlla.
Phlla.
Phlla.
60
62 13
"is"
78
82
547.
Newtown A N.Y
A
Reading
Wilm. A Bait
131a
A St. L.—Com.
i
Ex.4UTldend.
I
46
105
100k
103
73
i05»J
73
45
130
1241a
106
106 «
llOia
il2
106
731a
42^8
106 >a
74
42H
98 <« 09 !
10834 110
123
123
lut
1U7
124
>a
Union KR.— 1st, gua.JAJ 116
116
Canton endorsed.
A
1st, 68, reg..
•
40
119
—
RAILROAD BONDS.
A Charl.— Ist
>talilmore A Ohio—4s
Cen. Ohio.— 6a, l8t,M.A8
Charl. Col. A Aug.- let..
2d
Cln. Wash. A Bait.— lets.
Atlanta
Inc
68, Series A
6s, Series B
Pittsb.ACon'ells.- 7sJAJ
ll«ia
112
Bell's Gap— Ist, 7s, 1893
Ist, 68, 1905
Consol., 68, 1913
Buff. N.Y.* PhU.-l8t,68
2d. 7». 1908
80 1«
iW
121
94
95
Atlanta A Charlotte,
100 176 18S
Baltimore A Ohio
135
1st pref
125
2d pref
7I1
6
60
Parkersbnrg Br
61
S3
50
Central Ohio—Com
66
60
Pref
Ilia laii
60
Western Maryland
2da
No. Central— 4 las, J. A J
68,1900, A.AO
68, gold.1900, J.AJ...
60 >4
1908
O.E. Bide— Cert.i
28
96
96
69
7i
36
1st Inc, 5b, 1931-
Inc. 7s, end., coup., '84
Plttsb.— I8t,6s
A
128ii
ColumblaA Ureenv.- Ists 1111.
CANAL STOCKS.
Lehigh Navigation
Pennsylvania
Bait.
120
129
Con8.,6s,g.,l.R.C.1911 il7"'
Imp., 68, g., coup., 1897 106 14
Gen., 6s, g., coup., 1908 95 "a
Gen., 7s, coup., 1908. ... '0';
Inceme, 78, coup., 1896
72
Cons. 5s, Ist ser.,c.,1922
32
Cons. 58, 2d ser.jC, 1933
54
Conv. Adj. Scrip, '85-88
2-i'a
Debenture coup., 18931
2d8
Sds
United N.J. Companies. 2121s
60
West Jersey
West Jersey A Atlantic.. 41
Balvld'e Del.— l8t,68,1902
3d, 68, 1887
lie"
125
119
127
BALTIMORE.
Preferred
Ashtab.
113
RAILR'D STOCKS.tPar
641.J
Northern Central
North Pennsylvania
Pennsylvania
'86
97
107»« 108
—
68
Lehigh VaUey
RAILROAD BONDS.
134
126
Via
112
120
Ches.
65
AUegh. Val.-7 3-lOs,
78, B. ext., 1910
1331b
CA^JAL BONDS.
86
Schuylkill Nav., pref...
114
El.&Wmsp'l^l st,68, 1910 119
A Del.— 1st, 68,1886 87% 83
Lehigh Nav.—6a,r6g. '84 112
118i«
Mort. RR., reg., 1897 ..
131
133
Cone., 7s, reg., 1911
88
Pennsylv.—6s, cp., 1910.
Schuylk. Nav.— lst,68,rg,
70
2d, 6s, reg., 1907
..
Preferred
Plttsb.Cln
126>a
103
107
115
W.Jeraey- lst,6s,cp.,'96 118
Ist, 78, 1899
112'
Cons. 68, 1909
W.JerseyAAtl.- l8t,6s,C. 107
Western Penn.—6a, coup. 113
112
4=8
68, P. B., 1896
6V Gen., 78, coup., 1901
61
2d preferred
Delaware A Bound Brook 160
East Pennsylvania
"45'
Blmlra A Wllliamsport..
62
Preferred
Huntingd'u A Broad Top
Minehlll
130
123
Cor.CowanA .lnt.,deb.6s,
Delaware— 68, rg.A cp.,V.
Del. A Bound Br.- l8t,78 131
East Penn.— 1 st, 78, 1888 110
Louisiana A Mo. Biver..
Preferred
Scrip, 1882
120
{117
Maine Central
Conv.,7s, R.C., 1893..»
29
30
Marq. Honght'n A Onton.
Conv. 78, cp.off, Jan.,-85
8^ia
83
Preferred.
Phil.Wil.A Bait.—48,tr.ct
Metropolitan
Pitts, cm. A8t.L.— 78..9l«
9»8 Pitts. Titus. A B.—78,cp
Mexican Central
Shamokin V. A Potts.—7e
Nashua A Lowell
37 »8 37 »4 sunbury A Erie— 1st, 7s.
N. Y. A New England ...
8122 "a
Preferred
Sunb. Haz. A W.— 1st, 88
Northern of N. Hampsh. 125
2d, 68,1938
Norwich A Worcester...
Syr.Qen.A Com.— Ist, 7s
1621a
Old Colony
Tex. A Pac— Ist, 68,1906
20
Ogdensb. A L. Champlaln
Con801.,6s. 1905
124
Portland Saco A PorismUnion A TituBV.- lst,7s.
2a\ 26»« United N. J.— Cons.6s,'94
Ratland— Pref erred
111*
11
Summit Branch
Cons. 68, gold, 1901
Worcester Nash'aA aoch 117
Cons. 68, gold, 1908
19=9
Wisconsin Central
Gen., 48, "Old, 1923
27
Preferred
Warren A F.— let, 7a, '96
West Chester -Cons. 78..
PHIL.ADEL,PHIA.
Bell's
*107 108
1091a 110
Cons., 6 p. c
A Burl. Co.—6s, 97.
Catawissa 1 st, 7s, con. c.
Chat. M., 10s, 1888
New 78, reg. A coup
Cam.
A
9132
71
Ist preferred
36
118
260
109
108 Hi
8'4
82
122
PitchbnrB
Flint A Pere Marqnetto-
Oatawlssa
[Quotatlong by H. L. Qbust, Broker, 145 Broadway.]
23
30
A
Mort., 68, 1889
Cam.
7,1906
Perkioraen- 1 8t,6s,cp.'87
{173
RAILROAD STOCKS, t
160
lis
98
110
160
109
128
10
100
Cheshire, preterred
Chic. A west Michigan-.
Cleve.
Cinn. Sandusky
Pref erred
Port Scott
Preferred
Ask,
Bli"
N. O. Pac let, 8s, 1920.
No. Ponn.-2d, '78, op. '96. l!i6ia
1X1
Gen., 78, 1903
89I4
116
sg-s
Debenture 68, reg
|2-80
Norfolk A West.- aen.,6a K)?!* ....••
8-8
8
N. R.Dlv.,lat, 68.1932 106 109
186 "a
N. Y. Phil. A Nor.— let, 68 107 109
127
45
47
Inc., 68, 1933
189 1891, Oil CltyA Chic— 1st, 6s
..»••
li-O
99
Oil Creek— l8t, 68, coup..
A Topeka
Atlantic A Pacific
Boston A Albivny
Boston A Lowell
Boston A Maine
Boston A Providence
Bo.'^ton Revere B. A Lynn
Oonnectlont River
Conn. A Passnmpsic
Cleveland A Canton
Preferred
Central ot Mass
Preferred
A Arabqy—6s, c.,'89
A At!.— lst,78,g.,'93
Cam.
2d, 7s, reg., 1910
126
Atchison
Blocks
Concord
83
84
129
118
2d mort
N. Mexico
Bid,
Cons. 88, 1921
Ist.Tr. 68, 1922
Bnff.Pitts.A W.— Gen.,6s
118
Nebraska, 63- Exempt 121
Nebraska, 6s.Non.ex'pt 108>a
90 14
Nebraska, 4s
Conn. A Pas.-*umpsic— 78.
C'ous. VeiTuont, js
84>!i 86
Eaat'rn, Mass.— 68, new.. 127
Port Scott A Gult- 7s.... 5 ... 121
K. City LawT. A S0t-6s.. 5112
K. City St. Jo. A C. B.— 78 3126 127
118
Little R. A Ft. S.—78, 1st
111
K. City Rp'd A Mem.— 6s
48 »t
Mexican Central—7s
Kan. C. Clin. A Springf'd
Kan. C. Springf. A Mem.
Little Rock A Ft. Smith.
Par.
Oltlsens' Oas-L. (Bklyn)
SECURITIES.
BOSTON.
Atch. A Topeka— 1st, 7s.
Land grant, 7s
Boston A Maine— 7s
Bostcn A Lowell— 7b
Bnrl. A Mo.— Ld. gr., 7s.
Iowa Falls
105
201
Oas and CItr Railroad Stocka and Bonds.
[Gm
SECURITIES.
i^ Pine St.]
PRICE.
PRICK.
COMPANIES.
Marked thnsC)
[Prices by E. 8. Bailey,
List.
[Vou MJT.
Quotations In Boston, Philadelphia and Baltimore.
Local Securities.
Insurance Stock lAmt.
Imp.
..
THE CHRONICLE.
268
Pifth
First
—
.
108'4 110
118
101
1071a
107
Per share.
Virginia
88
A Tenn.— 58
W.Md.—68,
—
i'2'ili
Ist, g., J.AJ.
2d,rref., J.
J ..-
A
2d,l;uar.byW.Oo.,J.AJ.
6s, od, guar., J. A J
Wilm. C A Aug.—68
WU. A Weiuou—6s
120
-..
7a
104
106
104
,
tlndetaolt.
{ La8(^
pnoe thi* weak.
.
.
Febrcabt
•
.
THE CHRONICLR
97, 1886.
RAILBOAD EARNINGS.
Lal—i Eamingi Seporttd.
BOADS.
WetkorMo
BoBt. H. T. & W. :)d
BlUr. Kocli *Pltt ;M
Bur.Cul.K.ANi.. 2,i
;!d
C-l,
i
-Wil...
•Jil
Mton
;id
(
111. :til
(
si.l>.
(
wk Ftiti
wk Fob
wk IVb
wk Poll.
wk Fob
wk Foil.
wk Fob.
;M wk Fib.
wk Feb.
wk l-cb.
!.,t().
W. Midi. •.id wk Feb
Clile.
Ciii.liiil.rtt.l,.>fc(:. :td wk Feb.
Cin. N. O. .*T.P. ai! wk Fell
Jil wk Feb.
Ala. AOt.So
•Jd wk Fell
N. Orl. >t N
Vlokub. A; MiM- J wk Fob.
VlokH. .Sli. A:
I'Jd wk Feb.
Cln.Wnjili.it Kiili •2il wk Fob.
Clev.Akrmi.vCiil ;d wk Feb
iliw
(
:id
•.ill
(
>\:
.
!•:
1
l".
Col.
Hook. V. AT. i.Ianuary
Denv. A Klo
\
Deiiv.
Des. Mo.
(ir
:id
wk
..
Fob,
W. |.Iimiiiirv' ..
Kl.r>. Jd wk Feb.
R.
(!.
tir
No. kid wk Feb.
E.Tfnii.Vii..tCin. .faiiu try ..
Evansv. A T. H. {•J 1 wk Feb
Flint
P. Miirn. L'd wk Feb.
N. ';M wk Jan.
Klor. R'wiiv
Ft.Worlli ADuLi. I Miliary ..
l>(it.[jkim'»(.v:
A
A
Ornixl Trunk ... jWk.Keb 13
Gulf Col. AS. r.'. limiiarv
tU.Cel.t.(IU.A^^o)
Cixlar
•.'d
Jd
Mill
A-
I"
la. l'iillsA:S.C.
[•J
Vvh.
l-wk Feb.
wk Fob.
lot lowalliio* •Jd
Total
nil liue.H
Ind. BIOOI1I..V
wk Frtb.
wk Feb
Jdwk
Dub.A.st.mvC
[•.Jd
\V. '•2d
wk
wk
Foil.
Feb.
A.Spr. •lanuiiry ..
K.C'.Kt.S.AUulf.l 2d wk Feb.
Kan. ('. 8p. AM. '2d wk Feb.
Kiin. C. CI. ASp. •2d wk Feb.
3d wk Fib
I>>nb; rsland
Loulsv.ANiisliv. 2dwk Fob.
Ixiuisr.N.O. AT. Januar.v ..
Mar.Hough.A (). •2d wk Feb.
'Mexican Cent'l. 3 1 wk Feb.
•Mex.N.,all linos .lannarv ..
lfil.USIi.A\Ve.Hl. 3d wk Feb.
Milwaukee A No 3d wk Feb.
lull. Di-oi
January ..
Mobile A OUlo
Hash.Ch. ASt.L. -lanuary ..
H. Y. City AN.) Feb. 11-20
.
AW
3d wk Feb.
Y. Out.
is.
r.Y.8Qi«l.AWcst .fanuary
Horfolk A West 3 wks Feb.
.
Kortliem Cent'l. January
Korthern Pmttle January
Ohio Soutliern .(aniiar.v
.
..
..
..
Oreg. R. A -V. Co. 3dwk Feb.
Peuua.vlvanla. .. January ..
Peoria Deo.AEv. 2d wk Feb.
Blchiu'd ADanv. lanuary ..
A Au)?. January
..
Coluinbhl&Or. January
..
Cli. Col.
January ..
Va. Midland.. Jiinmry ..
Iannai*y ..
West. No. Car
Bt. Jo. A (id. Isl. 2 wks Feb
St. L. Alt on AT. H. 2d wk Feb
Do Bninclios. 2d wk Feb.
Bt.L.ASan.Fran. 3d wk Feb.
BtPaiilADiiluth 3d wk Feb.
GeoD.'ia Pac.
.
BLP.Min.,vM:iu. .lannai-y
Texas
Tex.
A
A
Patitl.'.
St.
LouiR
A
January
•2d
wk
..
..
Feb.
itbwk Jan
Wisconsin Cent'll 2dwlcFeb
WeekorMo
Roads.
Wab.
St. L.
P.
188tf.
11.643
25,m>3
53.877
121,tKX)
30,331
New York
Jan. 1
DaU.
to talt$t
1889.
1886,
1885.
•
$
«
5,185
18,261
33,089
101,000
9,828
136,893
16.793
269
71,000
180,609
281.039
830.000
32.2'20
City Banks.— The foUowinK itAtement ahows the
New York City for the
week ending February 30, 1886:
oondition of the Aaaoolated Ranks of
Amratt Atmmnt of—
LffU MMI
49.021
I
Dfeottnf.
l;i,'267
1.740
7l)s.764
~i
:i:
1
Naw V
>rk
•
ll.l'HO ftOO
'-i
I
1
A Potomac December.
Cbesap. A Uliio. December.
Ellx.Le.t.AB.S. Oetember.
Ch©9. O. A 8. W. December.
Ohio. Burl. A <i December
Clev.Col.C.A lud .""fovembor.
Danhury A Nor December.
OaLHar.AS. An. December
Boiis. A Tex. C. November.
,
-
1884.
1885.
1885.
1884.
$
107,846
314,195
57,732
100,138
308,912
63,584
138.278
!?
1,323,091
3,301,235
1,224,571
3,538,605
706,467
702.627
147,5861
1,571,1.35 1,374,643
2,329,975,2 ,060,299 26,550,427 25,483,612
329,395 326,301 3,323,751 3,486,618
211,131
16,723
14,431
224,912
333,674 283,152 3,236.641 2,901,.591
412,627 250,449 2,412,858 2,311,024
1
A Miss
Doceiiibor.
Ore»fon Imp. Co.J December.
Orexon Short
Phila.
Pbila.
Do
L.!
...
Xovember.
A Krie
Decemiier.
A Reading! December.
C.
A
Iron I>ecembcr.
BouieWat. AOj{. December.
Boioto Valley ..
Boulh Carolina..
December
December.
21,6871
312,9041
211,094,
177,800'
3,702,959
3,370,762
963,716
279,429
3,600,146
2,.392,529;2, ,315,563 29,'230,.543 30,972,160
1,315,258 1 ,074.821 15,960,826 10,400,972
156,092
138,590 1,739,736 1,714,800
56,012
122,509 131,195 1,151,838 1,233,289
283,076
228,192
193,939
281,124
3,679,615
2,866,060
1,677,725
3,292,254
Bo.PacCoiiip'yAtlan. System December
1,044,302
912.834 9,183,7»7 7,888,443
December. 1,610,834 1.786,496
Tex. A N. orl'ns December.
872,140
125,380
95,753 l,0'i'7",618
UnioQ Pacltlo... December. 2,348,487 2,319,586 25,925,171 25,657,290
IWest Jersey... December. . 86,865
83,131 1,286,012 1,310,649
Pacitic sy.<teni
•
:
t<
Cent'l Dcceiuber.
922,107
60,019
66,730
847,070
L.Rk.AF't.Smiib December.
589,071
76,512
017,413
75,948
L.Rk.M.Kiv.AT. Decemiier.
308,270
50,222
51,823
361„322
La. A Mo. River. November.
631,033
53,031
58,530
519,173
Louisiana We.st. December.
78,646
60,992
485,709
627,317
Maine Central December. 217,(K)0 202,000
Meui. A Cliaries.' December.
158,933 174,033 1,339,848 1,428,682
Mlnn'ap. ASt.L.' December.
130,4881 145,381 1,714,752 1,795,848
Montan'sLa.AT.I December.
48l,909| 472,937 4,205,451 3,629,006
|N.Y.I>.ErieAW. Dm-eiuber. 1,505,883 1. ,202,7'20 16,045,373 16,341,810
N. Y. Pa. AO. December.
539,709 432,448 5,167,173 5,621,333
H.Y. ANewEnx. December. 311,016 239,050 3,449,464 3,246,713
Ohio
11,2-17.000
'
KenTuoky
N.V.Tex.AMex.' Decemiier.
f
956.000
'
'
" 20 166,474,3001 11,068,500
^
2,8l:7,OUU 115,728,000|19.5B2,^00| 76,630.248
Philadelphia Banks.—The
Bait.
•
l»7,0O0
'24,020
M
'o ....
10 177
"00
461,000 10 941 (H)0
989.891 1,065,024 M
7.2"!
.... .
fOO 1,101.000
7 914 500
»4i'7o4
228,602
198,582 ,M
30.011
M.'J.'.u
^',1)00
1,178.1100
8.A34 000
360,000 297,560, 2.33H,00n 2,160.277 Anierloa
l'2.»ti<.700 •2,1911,700
823.000 12.110.700
•,i,fl5».0l)0
6.11.000
407,700 317,400 2,181,300 2.li.-.,:iso PAenIx
407.000
2,C40,000
348,00i
71. '200
4il.'<.-,2
8,UHU.»00 »,>-40.40O 1,6-23,000 17,193,100
506,400
Olty...™ ....
91,000
11,4><A.000
11.316600
ssrioo
18l,8!>0
'96;odii
123. 2S8
•21,213
102,321 TradMinen'i
8,733l
1.110,000 1,073,500
l.«-'6 810
137,600
331,1)96
43.000
332.444 Fulton
4U,'2U1
is.aiiiiooo
Chemical
11,925.400
23.had.2n0
889,000
289,426
21)0.9^^0
43.245
48,313
3.4II7.',J00
Merchants' Exeh.
754.700
306.600
4.081.6)0
67.800
2'2,743
23,875
137,051
1.50,581
5.ft'2'2.40O
Oallntln National.
8.616.21)0
249,000
453,400
894.100
11,2'21
8.3,447
15,798
85,967 Butchers' A Orov.
1,778.700
1,38 -1.100
836,300
244.800
216,300
8,.")95
67,065
lO.HSit
59,493 Mechanics' A Tr..
1.515.000
7t»,400
179.700
l,e-<2.200
61,445
6,396
10,8(>3
44,166 Greenwich
122,-200
1, 01)6,700
133,000
1,087.600
"i'.wii
3.;fo9,900
216,360
40,381
2.96U,.<I00
33,773
233.903 Leather Hantifrs.
362,600
741,000
493,800
l,04^i.200
48,937
848.900
82,900
1.099 900
6,990
44,400
8,58.'i
45.768 Seventh Ward
3,iAn..;uo
284,300
497.100
3.6.19,81)0
166,838
170,371
166,838 State of N. Y.,
170,371
94,217
709,842
697,240 Amerlo'n Exoh'ge. 18,.'i97.0OO 6,887.000 2.164,000 18.283.000
95,539
10,B.)1,83O 4,670.000 2,189.200 18,.-aj.300
632,708
67,041
60,970
67,041 Commerce
60,970
6,275.300 1.620,^i90
383.100
6.S! 0.900
Broadway
46,000
35,869
5,024
37,497 Mercantile
9,502
1,402810
651,100
B,.'5'27.00O
7.306400
43,000
118,240
14,696
111,406 Pactflo
18,809
3.O62.100
791.900
163,300
324,032
324,032 427,883
427,883 Republic
6,U6'2.400 2,070.000
£95,800
6 636.: 00
4i3,ioo
10,268
79.408
14,042
74,652 Chatham
4,S0d,60O 1,064,500
372.000
6,OHl.20O
43,000
l,7-^2,900
230,509
176.800
153.300
2,052000
41.236
22,359
201,760 Peoples'
X.3 7.000
668.000
53^,200
4,5J2.«0O
20,'
24,5^'
69,499
67,531 North America ...
695.400 ll.:(06,0,)0
9,083,100 2,8<4.800
180.003
Hanover
24,650
24,030
22,718
22,718
3.HIU.II00
2,777,000
440.600
823,700
3:'0.ooo
291,0'20
216,478 1,580,379 1,592,474 [mug
2,951,81)0
800,200
3.535.900
710,600
866,500
CIUMBS'
1.32, 193
92,297
132,193
92,297
3042,600
380,600
362,600
2.41B.G0O
•
243,000 203,033 1,213,200 1,362,'228 Nassau
644,000
219.400
8,038.000
8.828.000
4'ti',90i
Market
3.300
1,.570
13,200
10,631 St. Nicholas
l.»3'),100
1.8i4 100
291.000
118.300
11,457
84.400
83.434 Shoe A Leather..
20.300
8.S7 1,000
689,000
66.000
4,0 8 000
446;id5
8,397
55,.300
13,800
58,296 Com Exchangre ...
279.000
4.763.600
6,396,900
786.800
36.'),200
938.-200
1,53,100
6.485.200
37,400
21,424
132,381 Continental
4.755.700
49,600
4.13,000
1.81-i.7i)0
446,000
2.190.100
28'2,400
224,457 1,366,300 1,514,609 Oriental
094,700 24,3-<».4O0
984;6S5
34,.531
286,4.39
51,138
248,733 Importers'A Trad. 22,590.200 4.9^4,300
46,000
19,94»,600| 4,873.400 2,332.800 25,a3H,000
33,999
35.999
30,487
30,487 Park
l.rt7tf.lM)0
l,tU 1,000
171.000
15'j.noo
North River
321,'292
45,041
237,879
40,362
1,22B.200
i.o9t;,9.)o
14,1.700
209,800
River
212,700
East
38,455
130,102
27,677
230,453 Fourth National.. 17.77li.30ol 3,447,900 1.315,100 18.83-.i00
180,000
20,243
4,123
674.000 10.026,000
297,000
8,403,000 2.653.000
Central National..
268,835
42,394
34.945
id'iiss Second National..
2,.'>.'i2,0l)0
3,8»».(H)0
365.000
38,000
1,480,000
4". 1.300
279,703 237,573 1,576.730 1,703,359 Ninth National...
6,0rt8.900 1,714,100
6.7"4,O0O
46,000
429,800
158,031
156,031
7V2,40O 22,372.200
97,303
97,503 First National
20.990.800 6,310.800
6,704.700
879,000
6,322.800 1,178,200
34,166
6,582
4.910
26,191 Third National...
27'2.700
1,344.200
179,305
1,2)8,100
2n;i.loo
319,300
72,400
69,920
527,364 N. Y. Nat. Bxoh..
2.612.500
324,000
160,200
475,200
2.15»,'2aO
Bowery
12'2,233
126.662
122,233
126.6()2
2,612.500
180,000
2,Ol.'>,500
325,500
363.100
167,.548
24,080
17,650
124,709 N. Y.Ooonty
2,7U5,><00
201.400
2.G89,lnO
498.500
Vmerlc*n.
German-.
9,745
69,575
66,617 Chase National...
8,455
4.437,500
416,000
48iddo
3.567.100
688,900
166,803
201,681
166,803 201,681
3,49,S,000
3,7^0,700
121,700
Fifth Avenue
872.4i;0
185,519 184,986
185,519
184,986 German Exch'nge.
2,966,600
260.000
730.000
2,044,200
02,903
2,801.0)0
13,107
9,809
47,934 Oermanla
347.500
303.700
2,073,100
4,166.2)0
48,000
165.500
4,02«,^200
835.200
19,875
23,505
143,150
United States
44,400
2,584.700
270.100
446.400
2,021,600
81,650
70,663
81,650
70,665 Lincoln
24U.200
46,000
1,821.400
10),200
1.399,100
138,755
160,891
361,748
389,219 Garfield
124,400
198,300
!, 447.9)0
1.225,800
262,7U0
400.123 404.216
400,123
404,216 Fifth National....
4.473,400
415,600
1,24.1,500
3,088.000
Metrop..
the
B'k
o(
480,330 533,382
480,330
533,582
1.814,200
333,500
287,300
1.423.200
West Bide
44,790
45,109
44,790
45,109 Seaboard
46,000
2,279,700
410.100
2,243.900
220.9U0
78,607
399,180
49,763
325,773 Sixth National
123,000
1,936,000
670.100
1.600,300
3,421,336 3,277,522 3,421,.536 3,277,522
15,535
11,598
85,000
88,249
348,163,800 97,006,700 33,467.700 395,084,100 8,485,700
Total
276,800 325,100
276,800
325,100
60,491
77,940
60,491
77,940
The following are totals for several weeks past:
53,984
71,706
53,984
71,706
60,902
DepoHU, Circulation An. CUar'm
60,180
60,902
60,180
L. Tenden.
Specie,
I,oa>u.
98,5^2
84,606
93,582
84,606
«
*
34,189
33,865
34,189
33,865
390,584,900 8.844,.'?0O 776.936.454
52,014
39,128
104,756
125,894 Feb. 6 339,392.600 99,147,200 83.507.600
13 344.628,400 98.10%,600 36,382,600 396,080,800 8,641.900 714,701.968
23,143
24,711
135,355
132,085
20)348,103,800 97,006.700 33,467,700 395,094,100 8,485.700 8l!3,469,84T
16.850
15,219
89,699
88,409
76,800
73,400
479,749
526,827
Boston Banks.— Following are the totals of the Boston banks;
18.003
14,202
119,132
123,986
409,176 462,123
402,125
409,176
DepotiU." ICireulatlon An, Clear'n
Spttit.
L, Tender:
Loant.
429,000 342,000
429,000
342,000
32,338
24,176
159.116
112.251
•
S
$
9
9
*
115,952,700'20,231,00O
89,340,186
284,454 324,743
814,246 1,053.319 Feb. 8 164.494,800 11,284,000 3,601,500
" 13 164,740,400 11,287,100 3,380,100 115,793,400 19,64:1,200 77,496,185
24.033
136.566
17,034
142.306
147.41)4
Mexican currency.
Road sonth of Cornwall Is no longer inolndcd.
t Not Inoludiu'.? earuiugs of Now York PeunsylranU
f And branclioi.
are as follows:
4 Ohio road.
DepOtiU.'
9
9
83,603,700
e..
81,08.'i,700
13
20
83,377,400
*inoladinj{ the item
"due
•
48.691,964
86,028,1103
67,6^24,41l9
lateet quotations for
SMuritiw.
Secttrit4M.
A Pac— C. D., 1st, old
AGCumul. land Krant
Best. H. A K.— New stock
Host. H.
20
l-S
l-*
W
1st mort., 68
2d mort
Kesly Motor
Mexican National
Pre!
1st mort
M. K. AT.— Income scrip
N. Y. M. Un.
109
10934
48
49
3
Postal Telegraph—Stock
1st mort., 6s
Postal Tel. A Cable—<<took
Southern rel.— Slock
1st mort. bonds
State of Tenu.— seft.38, x
Settlement. 68
x
St. Jo. A Grand Isl., slock
Texas A Pac— Scrip lo84.
Korlp 1883
Texas
A
St.
Lonls-Snbs.
T6X.A8t.L.MAAlMv
M. A A. Dlv.,
Incomes
Ist mort..
Texas
del. when Issned.
Ist M., del.when iKsneil.
del. when Issned.
Tel. A O. cen. com. stuck.
Stock
26
..
83
TeL—Mtock. 70
bauds..
2I9
91
96
26
2d mo it
Klv. Cons.— 100 p.0
N.J. Southern
Ohio Cent.— Klv. Dlv., 1st 10"
23 >i 26
Cent trust ceit
)nenn»e«
A
A Western
1st mort., in
10>4
W. Sh.A B.-8took.
Pac— Dlv.
Istmoit
8>a Pittsburg
1st mort
T.A West.— Stk.
Bid-lAtk.
96>3 Ohio Cent., incCent tr.cer.
Peusacola
Atlautiu
68
Debentures
Brooklyn Elev'd- Stock.. 27
101
101 >s
1st mort
68
69
2d Tnort
69
Brush lUaminatlnf^
Doiiv.&BloO.,O.S.ir.cer. 91
46
63
60
U.S. Trust certs
16
16
Denv. A Rio Or.
Bon. 4 R. o. W., Ist M.,
70 >« 71',
ouar. by D. A R. O
100
Edison Klectrlc Liirht
12
Georgia Pac— Stock
North.
9
7,223,500
7,094,500
B.976.010
past:
Atl.
N. Y.
Circulation. .<««. Clear'n
84,382,300
27.478,100
27,904,100
84,762,000
86.248, IcO
27,536.600
to otner uauits."
Unlisted Securities.— Following are
week
bank!
,
Lawful Money,
S
Feb.
Norm
t
LoanM.
1886,
totals of the Philadelphia
2d M.,
Prof
Tol.
.tt
-
-
"
O. Cen. 1st Xs, gr.by
CoLAKock.Val. KR....
Col.lIock.V.ATol.oom.stk
Vi. k<u.« Meridian
Pref
1st mort
Incomes
West N. Csr.-Con.
mort..
1«
1
THE CHRONICLK
270
Bills
iND
&
The Investors' Supplement contains a complete exhibit of
Funded Debt of States and Cities and of the Stocks and
Bonds of Railroads and other Companies. It is published
on the last Saturday of every other month— viz., February,
April, June, Atigust, October and December, and is furthe
nished without extra charge to all regular subscribers of the
Chbonicle. JSxtra copies are sold to subscribers of the
Chronicle at 50 cents each, and to others than subscribers
at |1 per copy,
Stock, common
Stock, preferred
Bonds (see Sup'm'st)
J.A-C. RR.stk.&bds.
Mi.18. Riv. Br.
do
Bonds canceled
&M.RIV. bd.acct.
I..
K.C.Bt.L.&C.con.ac't
Miscellaneous
All other dues&ac'ts
Profit
ANNUAL REPORTS.
that traffic." * * *
"Of the amount of operating expenses, 53'3 per cent was
paid for labor, 35'1 per cent for supplies of various kind?,
and 11'6 per cent for miscellaneous expenses." * * *
"All necessary repairs and renewals have been made. The
railroad and all its appurtenances have been maintained in
good condition, and in many respecte improved."
The statistics of traffic, earnings, income, etc., have been
fully compiled for four years for the Chronicle as follows
:
1882.
1883.
1884.
1385.
899
4.5
399
451
399
451
399
451
850
850
850
850
Total operated..
OPERATIONS AND FISCAL RESULTS.
Operations—
1882.
1883.
1884.
1885.
Passengers c.irried
1,666,9!)1
1.805,140
1,907,486
1.721,296
Passenger mileage • 101,150,9.59 106.028,676 119,946,417 109,078,875
1-951 cts.
2-141 cts.
Rate ^ pass. ^ mile.
1-899 cts.
2025 cts.
FreiKlit (tous) moved
3,522,810
3,488,496
3,59?,284
3,031,108
Fr-glitrtns) mileuf-'c- 474,823,90!i 549,369,534 602,768,054 533,522,498
Av.ratc^ ton ^ mile.
1-361 cU.
1-123 eta.
1-007 cts.
1-009 ots.
BarniiKjs
$
$
Passenger
1.973,100
2,270,379
2,278,429
2,209,502
FrcSeht
5,948,123
6,197,681
6,073,673
5,432,633
Mail, express, &c
294,271
342,550
357,170
351,034
.
—
Total gross earnings
8,215.494
?\OpenUinf/ expenses—
$
Iiiiiit. of way, &e...
1,273,125
Maintenance of cars
f 09,362
Motive power
1,221,417
Transpoit'u expen's
1,680,598
Total (ind. taxes)
Net earnings
P.e.of op.exp.to earn
4,684,502
3,530,992
57-02
8,810,610
8,709.274
7,993,169
1,302,328
1,4-5,034
681,302
1,477,670
1, '248.604
l,4S9,7-24
1,412,782
5,133,790
3.575,484
53-94
4,612,847
3,380,322
57-70
6.56,5i'4
1,351,336
1,786,841
5,097,032
3,713,578
57-35
66.',907
l,388,.i54
Does not include company's freight
INCOME ACCOU.NT.
1882.
Receipis—
Neteamlngs
Other receipts
Total
THsMirsements—
Rentals paid
ConHtruc'n,e(iuip.,&o
Interest on debt.
$
^
1884.
$
3,380,322
272,845
3,863,539
3,998,351
3,854,302
3,653,167
1,127,534
71,221
1,208,277
740,759
700.544
1,191,184
86,963
823,565
770,683
1,646,840
88,263
704.473
380,702
839,307
1,409,750
93,854
3,930,727
67,624
3,621,572
232,730
3,428,086
225,081
3,448.897
416,642
29:^,221
$1,323,200 now stoi k was issued for the purpose of redeeming these
& uhioago bjuds and the iucomcs due Jan. 1, 1883, paid off.
Joliet
let
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1882.
1883.
bigs.. c<iaip.,<»c.
20,22<?,701
t'oustruct'u acc'nt..
Orlg. coft J.&C. KK.
Orig.cet.Ml s.Uiv.Kr
etoclis owned, cost.
Bonds owned, cost..
3,330,746
20,222,701
3,362,046
—
Assets
,
Advances
II
1884.
$
20,225,081
6,003,691
S
995,000
"52,732
""50,369
31,10.1.038
30,339.554
34,991,005
38,194,i92
701,458
5'J4,7-23
»
'ffi
12,506,400 14,087,500 14,107.800
2,425,400
2,4 25,400
3.479,500
3,479,.5O0
11,432,850 10,263,850 12,600,850 12.499,8.50
;2,000,000
1,000.000
795,000
868,000
945,000
1,037,000
439,100
439,100
439,100
439,100
517,038
493,825
187,524
6,360
71,369
52,213
2.235
1,361,061
1,090,462
1,058,400
lV256','r67
1,926,701
1,859,081
2,169,434
2,384,515
12,.'<04,600
II
31,103,038
30,339,553
34.991,605
38,194,892
Of this amount, $500,roo bonds are paid and canceled.
Of tlUs amount $25,000 bonds arc paid and canceled.
Delaware Lackawanna & Western.
year ending December 31, 1885.)
At the annual meeting of the Delaware Lackawanna
(_For the
&
Western Railroad Company the following officers were chosen:
President, Siimuel Sloan; Secretary, F. F. Chambers; Treasurer, Frederick H. Gibbens; Managers, John I. Blair, George
Bliss, Percy R. Pyne, William Walter Phelps, Wilson G.
Hunt, Elias S. Higgins, Benjamin G. Clarke, Jay Gould,
Sidney Dillon, Russell Sage, Edgar S. AUchincloss, Andrew T.
McClintock, Gardner R. Colby and William H. Appleton. A
new map of the company's lines will be found to-day in the
Investors' Supplement.
The annual report of this company consists of a brief income account and balance sheet, issued without note or comment. The earnings and income account were published in
the Chronicle of Jan. 30, on page 155. The balance sheet,
condensed, is given below:
GENERAL BAL.VNCE A^T CLOSE OF EACH FISCAL TEAK.
Assets—
18H3.
1882.
RR.
buildings, equip$
m't. coal lands, &c.. 32,072,360
StUscSchis .own'd.cost
5.763,146
*377,851
Net cash & cur. aoc'ts
$
33,089,336
1884.
1885.
$
$
1,342.820
•147,987
1,265,810
34.250.418 34.508.017
5,419,713 5,374,918
•527,121
^357,562
1,019,712
941,372
39,556,677
41,007,034
41,276,965 41,181,899
Fimlcd debt
Balances
Surplus account
26,200,000
4,044,000
600.000
8,711,777
26,200,000 26,200,000 26.200,000
4,044,900
4,044,900 3,674,000
439,560
10,322,574 11,032.063 11,307,899
Total liabilities
39,356,677
41,007,034
Materials, fuel, &e...
Total
—
6..503.851
Liubilities
Stock
41,276,965 41,181,899
Net balance between liabilities and assets.
The statement of items on either side of the account which
go to make up the above net balance of $357,563, are as follows:
*
Ac
oiinls re'^eivable, as folloict
Ca«Uon
ITISI
$680,231
766,135
i.and
Coal on hand (less than ma ket value)
Ad vances to leased i-oads
Advances on coal to be delivered, itc
and sundry account-* due
Assetsof New York Lack. & West. Railway
Loans and sundry accounts receivable
(Joal bills
Total
1,027,745
976,3 42
1,603,299
767,700
936,926
$6,753,379
Less accounts payable, viz.:
Past due divi lends, interest and rent tls
Delaware Lack. & W. dividend, pa,vabl6 Jan. 20, 1836.
Rent.-ils payable after January 1
State taxes payable after January 1
December pay rolls, payable in Januaiy
Bonds and mortgage *
Vouchers due aud payable after January 1
Sundry accounts payable after January 1
Suudry obligations, account of transportation
•.
146,911
458,500
1 ,710,516
477,991
487,708
865,436
739,394
831,562
682,766
$6,400,816
$357,562
1885.
$
3,575,484
278,818
Total disbursem'ts
Balance, surplus....
;
1885.
$
60,439
52.733
2.10.M48
Total
3,713,578
284,773
Misccllaneoua.
Jol. & CliLb'ds red'J.
loss
1884.
t799,512
594,000
1,207,524
Balance, accounts receivable
3,530,992
332,547
761,122
1,083,080
97,910
*306,000
Dividends
1883.
and
Total
Chicago & Alton.
(For the year ending December 31, 1885.)
The annual report says thai "751 shares of the common stock
of this company have been issued during the last year in exchange for an equal number of shares of the common stock of
the St. Louis Jacksonville & Chicago Railroad Company, pursuant to the agreement between that company and the Chic.
& Alton Railroad Company, dated April 14, 1884. All of the
preferred shares of that company, and all of its shares of common stock, except thirty-seven, have been exchanged at the
date of this report. Eighty-two thousand dollars of the 6 per
cent sinking fund gold bonds of our company and $9,000 of
the bonds of the Mississippi River Bridge Company have
been redeemed and canceled on account of sinking funds
during the year." * * *
"Only about 11 per cent of the gross earnings of our lines
during the last year was derived from the transportation of
farm products shipped at local stations, and only 16241 per
cent of the freight earnings during the year was derived from
KR
Total
Liabilities—
1883.
774,057
644,177
1,435.119
37.813
75,332
Materials, fuel, &c..
Cash on hand
Miles owned.
Miles leiieed..
$
884.502
605,037
aects. rec'ble
Tilden & Meyer, Tr.
Miscellaneous
~^
[Vol. XLII.
1882.
%nvt6stmtnt
*
:
.
1885.
$
,225,031
975,040
000.000
000,000
458,600
458,000
3','l63,3o6
123,6iJ0
3,293,758
89,374
3,3-29,689
*3,365,620
269,766
- r.£",'?"j''';S *3,COO.00O Kansas City St. Louis & Chic, bonds deposited
amount of Chicago i Alton
WuVu.'dontSiline""""""^ '"' """'
t liuandcB notes
of Louisiana & Mo. Riv. ER., $163,618.
Philadelphia & Erie.
(For the year ending December 31, 1885.)
The annual report of President Wilson says: " While there
has been an increased movement of freight during the past
depression of business generally has
created such competition as to cause a reduction of rates and
a consequent diminution of receipts. In the month of January there was a small increase in gross earnings over the corresponding month of the previous year, but for the remaining
months there was a decrease, reaching the maximum in the
month of August, and diminishing gradually to the month of
December, wten they were nearly equal. By a reduction in
operating expenses a small increase in net earnings was shown
in a few of the months, amounting for the month of December to about $22,000. The prospects now appear encouraging
for an improved condition of affairs during the ensuing
year." * * * "The plan of adjustment of accounts with
the Pennsylv^ia Railroad Company, which was submitted at
the last annual meeting and approved by you, has been carried
into effect, and so far all the conditions have been met."
" A company has been organized under the name of the
Wilcox Railroad Company, to construct a road of about five
miles in length, from a point on the Philadelphia & Erie Railroad near Wilcox, in Elk County, to Burning Well, for the
purpose of transporting to market the products of extensive
woodlands and of saw-mills now and hereafter to be erected.
year, the continued
I
—
.
February
THE CHRONICLE.
27, 1886.]
In coneideration of the trafHc to b« derived from said road,
company has made advancus of funds for coDatniction
purposes, which you will find charged as extraordinary
expensen and for the reimbursement of which a oertaio
annual amount of freight is guaranteed.
" In accordance with the terms of an agreement executed
NoTember 28, ISd.'i, requiring this company, under certain contingencies, to purchase the interest warrants of the Warren &
Krankliii Ilailway (.'ompany first mortgage bonds, purchases
have been made to the amount of ISl.tO". Efforts are now
being made to effect arrangements that it is hoped will result
in the early repayment of the sum thus expended."
Comparative statement for four years, compiled for the
Chkonii'lk, are as follows:
EARNINGS AMD EXFBNSBS.
this
1882.
JTamfiij;*—
Pnsaengt'r
Freight
Mall, expresn, &o.
Total
1884.
18ft3.
S
$
660,011
1885.
•
500,950
2,«63,407
128,396
3,292,253
3,138,4.56
..
203,947
197,52a
2,876,075
212,6^0
KroM earnings.
4,011,414
4,108,843
3,660,146
—
Oi)er. rxpenset
Btaliit. of WHV, Ao..
Mol I'e powT & equip
Transp't'tt nxpenses.
Total
(inrl. taxes).
Hetearolngs
P.O. of op.ex.to earn
$
s
«
coMPAKATiTa tTATaiiBHT or AiiiiiNas AKD axi-axsu.
1882-88.
1HM3-84.
$243,401
90,445
KxprcHu
8,835
.MhII (Mht 1,'82, toOct.81,'88)
0,000
Telegraph
0,130
$.131,204
Ill,Hfl2
600
600
Freight
l-aMHinRer
MlKcelliine^us
Kentof
18*4^8
$307,462
llO,0t
12,385
7,2< 5
0,304
13,561
6,118
i-nrs
Kent of engines
Total eamlngii
Total expenses
....
.,..'.'.
$877,008
210,000
Neteamlngs
$472,163
251,160
$158,003
$448,710
251,070
$221,002
The report gives no balance sheet of
assets
and
$197,631
liabilities.
American Coal Company.
(For the year ending December 81, 1885.)
The annnal report, in circular form, has the following
Received forcoal sold, rents, interest, &o
$i7S,0>3
:
C71.4M
667,7-13
3,243..572
271
S
691,173
1,037,322
871,039
620.575
1,103,830
890,418
49!^,350
434,653
901.064
802,652
844,40-'
2,599,834
1,411,880
64-80
2,620,S23
1,488,020
63'80
2,202,006
1,458,080
60-20
1,999,373
1,292,880
60-70
1884.
1885.
720,312
Value of ooal on baud
12,0^6
«
$187 ' OBO
Mining, transportation and shipping expenses
$118,817
Taxes
6,351
12,000
13,211
Bond Interest to .Varcb 1, 1886
Salaries and contingent expenses
Lexalexpeuses
Fire insurance
\jx
873
—
and traveling
Surplus, 1885
Surplus. Dee. 31,
451,484
$36,564
1884
Addgalns In 1886
Reduced valuation of persou.tl property
$;{S5,187
36,564— $291,762
12,075
INCOME ACCOUNT.
1883.
1882.
$
UteeipU—
$
Nsteamlugs
1.411,880
3.586
1,488,020
4,892
1.45'<.0=0
9,120
1,292.880
8,471
1,415,466
1,492,912
1,467,200
1,301,351
1,062.270
160,410
1,062,270
162,281
10,000
43,024
1,062.270
166,801
983,620
166,S93
27,000
8,200
-
Total Income....
lH$burftfmenU~
Interest on debt
Interest on equipm't
Extraortlin'y expen.
95,087
Mlacellaueouv
Total dlsbursem'U
Balance
21,147
1,250,218
1,187,713
1,277,575
1,317,767
8ur.97,699 8ur.215,337 8nT.216,982 sar.113,638
Present surplus
$279,677
Tont
118,964
84 128
COAL SENT FROM MINES, 1885.
via Baltimore & Ohio Railroad
Via Pennsylvania Railroad
Via Chesapeake <Se Ohio Canal, and Local
17,345
220,338
New
Central Coal Company of Maryland.
(For the year ending Dec. 31, 1885.)
The annual report for 1885 has the following statistics
Coal mined in 1885—
Ten*.
From Koontz Mine
196.366
From Big Vein Mine
6,2^2
:
Total
202,618
,
Coal mintd in—
Tom.
Coal mined in—
Fort Worth & Denver City.
Tom.
1880
350,305 1883
306,494
1881
(For the year ending October 31, 1885.)
300,982 1884
208,684
1883
166,998 1885
202,618
The annual report of Mr. Morgan Jones, President, states
INCOME
ACCOUNT
FOR
1885.
in
last
year's
report
has
that "the extension recommended
31, balance to creditor coalaocount
$448,333
been completed. This includes 31 miles of main track and December
December 31, coal on band
$9,226
4 miles of siding, and a first class iron bridge over the Big Less taxes, Ac
3,090—
6,186
Wichita River. The rolling stock and equipments rendered
Total
$454,469
necessary by the extension have been provided. The total
Deduct amount paid for railroad and canal fi-elgbts, tolls,
cost in cash was $345,794. This extension has been paid for
mining, olUce and shipping expenses, salaries, <bo
438,225
without issuing bonds upon the new road or materially in$16,244
creasing the fixed charges, and it reduces the bonded debt to Net earnings for the year
$^80,76!«
$19,100 per mile.
The outlay incurred has been met with the Balance to credit of profit and loss December 31, 1884
proceeds of the sale of bonds on hand, a portion of the stock
issued on the extension and the surplus earnings of the road.
"The decrease in this year's earnings was caused by the
quarantine troubles, the depressed condition of the cattle business (the extremely low prices for cattle causing all who were
able to do so to hold and defer shipment to another season),
and the short crop of 1884, and consequent scarcity of money
among farmers had it not been for our extension we should
have had to report a much lighter business. The crops of the
present season have been large, and the condition of the farmers
greatly improved. Immigration into the country tributary
to our road is greatly upon the increase, the large pastures
are rapidly giving way to small farms, several pastures having
been broken up and sold during the present year.
encourage the sale and settlement of these pastures as much as
possible, and are taking proper steps to inform immigrants of
the great value for agricultural, stock and mineral purposes
of the Panhandle of Texas. It has been generally supposed
that this portion of Texas was very dry and only adapted to
grazing purposes, but the real facts are that it is one of the
best agricultural portions of Texas, that the movement of
immigrants into it is causing a steady and increased rain-fall,
and this year the craps raised in the Panhandle compare favorably with those of any other part of the State.
"
recommend that the company continue its policy of
extending the road as fast as the development of the country
demands it, and as may be necessary to protect our interests
in the Panhandle.
In July we made a final settlement with
Amount charged against
profit
895
and lo^s during the year 1885
Total
Net earnings for the year 1885
$279,8174
16,244
Balance to credit of profit and loes December 31, 1885
$306,1)8
dividend of one per cent (ono dollar per share) was
A
declared January 18, payable February
3,
1886.
;
We
We
Texas & Colorado Railway Improvement
canceled our contract with that company."
tlie
Company, and
INCOME ACOOCHT.
Br
By
snrplus parniDgn, October 31, 1884
net earnlDga year ending October 31, 1885
$149,^51
197,631
T^Tot*!
l>«aaot Interest on bonda paid Dec.,
.•..$347,183
'8-J,
and June,
154,200
'85
Balance
Amount expeudert for betterments
Amount expended for renewals
Amount expended for taxes
Amount i-xiH-nded for Kt. W. &. Hsdee sarvey
S?",?' exiiemled for conRtructlon of extension from
WloWttt Fulls to Ilarrold
Leaving on band, October 31, 1985
$192,983
$12,942
7,108
GENERAL INVESTMENT NEWS.
—A
Baltimore & Ohio.
press dispatch from Philadelphia,
Feb. 25, said: " The Baltimore
Ohio Railroad has completed
the survey of its line to West Chester in this State, and haa
thus secured additional mileage upon which to base the mortgage of $4,-500,000, which is known as the Schuylkill East .Side
Loan. 'The loan has all been subscribed to, but thus far only
receipts have been issued therefor, and under these conditions,
with the bonds not yet issued, they are selling at 108 and ftre
expected to go to 110, The bonds will be issued at an early
day."
&
—
Central Iowa. The new line from St. Paul and Minneapolig
New York, via the Central Iowa Railway, was fomiaHy
opened on the 22d inst. by the completion of the Central Iowa
Railroad Bridge over theMississippi at Keithsburg.
At Springfield, III., Feb. 19, the Chicago & Central Iowa
Railroad, with a capital stock of $1,600,000, and principal
to
—
Chicago, filed articles of incorporation in the office of
the Secretary of State. The proposed road is to be constructed
from the town of Lacon, on the Illinois River, to Keithsburg,
on the Mississippi River.
The first board of directors are
Frank L. Underwood, Kansas City; Russell Sage, New York;
office at
Andrew Crawford and Luther A. Pierce, Lake View, Cook
County, III.; James Walsh, Horace Willston and Arthur N.
Sullivan, Chicago. These, with the exception of Russell Sage,
are also the incorporators.
Chicago & Eastern Illinois.— The statement of the Chicago & Eastern Illinois re ad for the six months ended Deo. SI,
1885, the first half of the fiscal year, is as below
:
8,.3s0
Ororsearnings
Operating expenses.
1885.
$931,841
470,385
1884.
$8.57.743
457,653
lne.in'%6.
$73,798
12,732
Net earnings
$461,156
$400,089
$61,066
143
81,207— 109,782
$83,200
.
:
—
was based.
Chicago St. Paul Minneapolis & Omaha.— In the editorial
columns will be found some information with regard to the
earnings and income of this road for the year 1885, as specially obtained by the Chronicle.
of the
East Tennessee Virginia & Georgia.— A meeting
Tennessee
stockholders and Income bondholders of the East
at JNo. 4U
Vireinia & Georgia Railroad Company was held
Wall Street, at the offices of Dichman, Niles & Co. The object
the proposal
of the meeting was to take action in reference to
who have
of the Reorganization Committee of the railroad,
called upon the stockholders and income bondholders to pay
an assessment that would be equivalent to a subscription of
foreclosed,
2,500,000, and then have the mortgage on the road
f his proposal was objected to, and the following gentlemen
were appointed a committee to prepare a plan of assessment
and to oppose the foreclosure: Messrs. Alexander Taylor,
Thomas Dmny, Fleming Smith, Albert Kelly, Jefferson Levy
and Ernst Dichman, with Mr. R. L. Niles as secretary. There
was a unanimous expression of opinion that a foreclosure of
the mortgage was unnecessary and that the proposed assessment should go towards reducing the bonded indebtedness of
March
1,
—
—Boston Herald,
Painesville & Youngstown.- A press dispatch from Cleveland, Ohio, Feb. 23, said: " An order will be issued during the
coming week for the sale of the Painesville
Youngstown
Railroad, and it is expected the sale will take place within 60
days. The road, which is a narrow gauge, was constructed in
1872, running from Youngstown to Painesville.
&
—
Pennsylvania Railroad. The gross and net earnings in
January are compiled for the Chronicle below. In January,
1886, there was an increase of $144,014 in gross earnings and
a decrease of $39,033 in net, compared with Jan., '85. On the
lines west of Pittsburg the net returns show a decrease of
$86,900 in January, 1886, compared with January, 1885.
LINES east op PirrSBORO AND ERIE.
gross and net earnings by months, reported for the
are as follows
Ket Eaniinna.
Gross Earnings.
•
—
1S81-5.
$2,12«.343
427,885
July 1 to Doc. 31
Janaary
Total7mo8
— —
Gross Mornings.
Net Earnings.
1886.
1885.
1886.
18S5.
$3,411,536
$3,297,522
$951,541
$990,574
LINES WEST OP PITT8B0RO .t ERIE,
Net Surplus over all Ltabilities.
1885.
1886.
Diff. inline.
Def. $129,707
Def. $42,807
Dec. *86,90O
,
January
,
1880-6.
$a8i),513
1886-6.
$2,227.4,59
1884-5.
$855,0r,9
324,032
100,281
103,944
$2,551,191
$955,323
$1,084,457
$2,557,228
:
Oregon Short Line. The December net earnings of the
Short Line were $29,000, against $16,000 in 1884. This makes
the net for the year, after paying taxes, about $557,000, compared with $288,000 in 1884. The interest charges in 1884 were
$735,240 and the deficit $446,600.
On the same basis of interest charges in 1885, the deficit will be only about $178,000.
the company.
Cheomcle,
[Vol, XLII,
The Philadelphia North American reports "It is stated
on good authority that at the meeting of the Northern Pacific
directors on Tuesday, the sale of the lands east of the Missouri
River to the 'syndicate' was virtually consummated. The
price was agreed upon and all that remained for complete
consummation was the signing of the papers and the arrangement of certain minor details regarding the transfer of the
land, &c. The committee entrusted with the matter have the
power to complete these details."
The percentage of expenses to gross earnings was 50^4, excluding rentals and taxes, against 53-36 in IbSt; or 56-60, inRentals,
cluding rentals and taxes, against 60 45 in 1884.
surtaxes and interest average $50,000 per month, showing a
above
plus for the six months of $161,156, or about $4,000
paythe estimate upon which the dividend of 2}i per cent,
—The
:
THE CHRONICLK
272
able
—
.
.
Jamiary
,
,
,
—
Philadelphia & Reading. Nothing new has transpired
regarding the negotiations between the syndicate and the
reorganization trustees, and it is presumed that they are workDecember.
Year.
ing upon the plan of reorganization, and will announce it as
1884.
1885.
1884.
1885.
soon as the details are agreed upon.
$9i2,l07
$947,070
$60,019
$66,720
Groeseamines
The purchase in Mr. Gowen's interest of 67,500 shares of
603,622
53,600
574,658
40,701
Operating expenses...
Reading stock from the VanderbUts and 38,100 shares from
$318,485 other parties has been commented upon by the daily news$19,318
$13,130
il272,112
Heteamlngs
NashTille Chattanooga & St. Louis.- The gross and net papers. As far as the public can judge there is no conclusion
earnings for January, and for seven months since July 1, were to be drawn from this transaction, except that the Vanderbilts
were glad to get rid of their stock.
aa follows:
Kentucky Central.—The following are gross and net earnings for December and the year, reported for the Chronicle
:
.
January.
.
.
.
,
—7188 July
.
,
»i.
Jan. 31
1 (o
—
—
1836.
1885.
$185,519
112,767
$184,986
106,097
$1,192,829
772.018
$1,398,487
794,960
Net earnings
and taxes
$72,752
56,276
$78,889
56,810
$520,811
394,291
$603,527
399,711
Balance
$15,476
$22,079
$126,520
$203,786
Qroes earnings
Operatiog expenses
Interest
Railroads in New York State. The following roads have
reported to the N. Y. State Railroad Commissioners for the
quarter ending December 81, as follows
If. T. Ont. a Wfst.
^-L. Shore <t Mich. So.-^
l-<84-5.
1-6.
—
,
.
1884.
18J5.
18'14.
$473,936
413,975
New York Elevated Railroad.—The N. Y. Herald reports
"The New York Elevated Railway is to issue $1,000,000
:
Net earnings
Income other sources.
$59,961
25,550
$118,049 $1,720,636
If, 572
of equipment bonds for new engines and cars, lately made
necessary by the increasing business.
similar increase of
rolling stock was recently made on the Sixth and Second
Gross income
$35,511
Tax's, rental, interest.
1 15,936
$134,622
94,356
A
1885.
$181,573 $3,S80.Oll $',970,941
2,l59,i05
2.172,961
363,5^3
Gross earnings
Operating expenses...
$1,797,980
$1,720,636 $1,797,980
1.126,764
1,073,315
df.$30,425
$617,290
$671,215
$40,266
Net income
avenue lines by the Metropolitan Elevated Company. The
In the annual report of this company
bonds are issued by these companies instead of by the ManSt. Paul & Dnlnth.
hattan, into which they are consolidated, because the stock of published last week in the Chronicle, on page 241, the parathe two companies has not aU been turned in yet for the graph introductory to the balance sheet read as follows
Manhattan elevated stock."
"The following condensed balance sheet shows the assets and
as of January 1, 1886, exclusive of land grant sales;"
New York Stock Exchange.—The Governors of the Stock liabilities
there was an error in printing the word " sales " instead
Exchange have admitted to dealings the following securities: in this
" lands," and the end of the sentence should have read
New York Lake Erie & Western Railway Company.— of
" exclusive of land grant lands."
The consolidated mortgage gold 6 per cent bonds of the Long
Dock Company for $4,500,000, due October 1, 1935. The total
Southern Paeiflc Company.— The following is a comparaissue amounts to $7',500,000, of which $3,000,000 are reserved tive statement of the earnings, expenses and fixed charges of
to take up the present outstanding first mortgage bonds.
this company for December and for six months from July 1
Oregon Short Line Railway Company.— An additional to Dec. 31. The total mileage is 4,667 miles in 1885, against
$465,000 first mortgage bonds, making the total amount listed 4,585 miles in 1884.
$15,265,000; and at the expiration of thirtv days from Feb. 16,
July 1 to Dec. 31
December
1885.
1881,
ISSl.
1885.
an additional $2,765,000 capital stock, making the total stock
Gross earnings—
—
•
,
Mexican Central Railway Company.—New
?er cent bonds, issued in lieu of the company's
per cent bonds.
$2,699,331 $2,655,136
$16,876,960 $16,418,079
common
Total gross
Ket earn nigs—
mortgage
$863,544
563,274
^J,310,-277 $3,561,526
2,430,966
1,714,531
Total net
$1,198,099 $1,426,818
42,988
Eenl'l Mcj ave Dlv .
$8,054,808 $8,991,492
224,968
$1,469,«03
1,216,389
$»,216,458
7,628,452
$i53.117
183,212
$1,588,006
Paciflc system
Atlantic system
Northern Central Railway Co.— Comparative statement
and expenses.
January
1886.
rt
•
gtoug
earnings
S^Penses
$792,089
4u6,010
Total net income..
•Fixed charges....
,
1885
$104,216
236,484
$400,123
255,833
Net
profits
Construction
Neteamings
$144,289
$167,732
*
,
$6,627,719
553,582
Ifel
Earnings.
I88S-S.
dues.
$ 159.887
39,830
i»8l,.
$242,l»l
11,420
$299,517
$253,581
18S5.
1884-5,
$3,640,98 1 $3,35i).568
30,052
U3,0„8
Total 7 months. $7,223,599
$7,181,301
$3,671,033 $3,472,576
liand sales for the same period in 1885-6,
282,716 acres•mount of sales, including town lots, $895,526.
8.
Toledo Ann Arbor & North Michigan.— The gross earnings
for the year ending Dec. 31 are reported as follows:
:
Gross Earnings.
1885-B.
1884-5.
& imp.
$70,175
Balance
These include interest, rentals. C. P. guarantee, taxes and U.
Northern Pacific.-The gross and net earnings thus far in
the fiscal years 1884-85 and 1885-86, by months, are as follows
reported for the Chronicle
$3,7ia,269
480,330
5,190,188
stock.
of gross earnings
,
4,3<:9,iy6
assented 4
first
Commercial Telegram Company.—2,000 shares preferred
Btock and 18,000 shares
.
,
$12 517,761 $11,227,993
$1,788,198
912,835
Atlantic system....
f$15,265,000.
, , ,
„
July
1 to Deo. 31.
January
,
$1,610,834
1,044,302
PaciUo syftem
Southern Division
Norlheru Division
Total
a detached line which has l)een
partly under construction during the year.
The Northern Division
I
is
;
Fkbbcabt
..
THE CHRONICLE.
S7, 1886.J
%hc (f^ommtvcml gxm^s.
COTTON.
Feidat, p. M., February 26, 18M.
as indicated by oar telsKraina
from the South to-night, ih given ixtlow. For the week ending
(Feb.
this evening
26), the total receipts have reached 92,807
bales, against 102.521 bales last week, 105,703 bales the ptev iow
week vid 123,418 bales three weeks since; makmg tne total
reoelptisince the 1st of September. 1885, 4,536,847 bales, against
4,890,084 bales for the same period of 1884-85, showing ta
increase since September 1, 1885, of 146,813 bales.
Thb Hovkmbnt of thr chop,
COMMERCIAL EPITOME.
Friday Nioht, Feb. 28, 1888.
The weather has been mild the past week, but has turned
eeverely cold to- day, with possible efteot upon crop prospects
of more or less importance. Trade for the spring season opens
Frequent and vexatious troubles with labor are a
slowly.
great drawback to business, but the progress recently made in
adjusting them promises an early improvement of the situation in this regard. An increased export of wheat at better
lUealptiatr-
Sat.
when a severe pressure to sell caused a sharp decline.
To-day the market, though weak, was less depressed, and the
close this afternoon
is
with
March,
6'28c.
for April, 6-34o. for May, 6'40c. for June and 6-48o. for July.
Lard on the spot has also declined, but the reduction led to
more business, clobiug this afternoon at 6-20c. for prime city,
6'25@6 30o. for prime to choice Western and 6'55o. for refined
Wtd.
Tu€$.
FH.
Thurt.
TokU.
\
2,277
313
1,329
694
920
6,320
2.931
1,534
5,786
9,914
6,293
2,179
767
439
375
145
7,899
1,130
31,502
4,4i0
125
120
3,032
1,573
1,863
1,878
1,692
12.622
156
196
Oharleston
Pt. Royal, Ao,
993
1,398
636
642
901)
Wilmington
Horeb'd 0.,dka
80
395
89
63
198
63
8
6,010
108
Hwfolk
West Point, 40
New York
1,463
1,135
31
1,547
1,529
1,558
947
520
Boston
Baltimore
PMladelp'a, Ac.
114
802
420
338
Indlaiiuia, Ao.
New Orleans...
an event of the early part of the week, but UobUe
decline,
and
generally
important
further
and
shows
a
cotton
Florida
Savannah
speculations for the rise have had diflcouraging results.
BrunsWk, Ao.
Lard for future delivery was variable and unsettled until
yesterday,
Hon.
787
Qalveston
prices has been
buyers at 6 33c. for
273
666
8
9,000
5,763
1,365
1,483
28
302
822
50
6.586
10,396
609
609
Pork has been dull and barely steady,
57
24
1,230
closing at |9@|9 50 for extra prime, f 10 35@$10 50 for old Totals this week
15,678 16,583 13,758 7,755 22.921 92,867
mess, $11 50@|11 75 for new mess, |11@$11 35 for family and
For comparison, we give the following table showing the week's
f 12@|ia 25 for clear. Cut meats have been dull, but are no total receipts, the total since Sept. 1, 1885. and the stock to-night,
pickled
hams and the same items for the corresponding periods of last year.
lower, and pickled bellies close at 5@5%c,,
8@8)^c. and shoulders 4.}4c.; smoked hams 9>^@9i^c. and
1885-86.
1884-85.
Sloek.
Beee^l* to
shoulders 5@5i^c. Beef is nominal at $10 for extra mess per
TMt Since Sep. JTiU Since Sep.
Feb.
26.
1886.
1885.
Beef hams are
bbl. and|17@$18for India mess per tierce.
Week.
Week.
1, 1885.
1, 1884.
qniet at |17 50@|18 per bble. Tallow has been more active at Salveston ...
61,612
6,320 632,876
2,881 441,275
29,486
Butter is quiet at 30@
4}4o. Stearine is quiet &i 6f4@ejic.
Ind'nola,&c
40
781
10,266
State
factory.
for
dull
7@10c.
is
at
34,.'i02
21,542
New Orleans.
1,506,995
1,383,976 866,603 288,649
84c. for creamery. Cheese
2,018 221,760
49,150
4,410 226,046
30,077
The number of swine slaughtered at the principal Western MobUe
4
Florida
125
48,081
882
11
69,472
towns from Nov. 1 to latest dates was 6,215,000, against
12,622 699,370
Savannah
6,450 685.88
74,788
33,931
6,170,000 for the corresponding period last season. Tho fol7
Br'BW'k,&o.
156
9.634
14,530
lowing is a comparative summary of aggregate exports from Charleston...
6,010 428,3.59
4,711
495,777
67,023
28,842
for the Continent.
:<
Pt.Royal,&o
Wilmington.
Oct. 26, 1885, to Feb. 20, 1886:
Pork
Bacon
Lard
1885-6.
lb«. 15.383,200
lbs. Ib7,595.076
lbs. 92.920,431
1884-5.
17,780,400
179.91B,205
104,237.359
Deo. 2,397,200
Deo. 12,321,12H
Deo. 11,316.878
Rio coffee has been dull and heavy, but is again stronger at
the close; fair cargoes are quoted at 8%@8>^c. The speculation in options lost the animation noticed in our last and
prices cheapened, but t©-day there was renewed strength,
closing with sellers at 6'75c. for March, 7-70c. for April, 6'75o.
May, 6*7do. for June, 6-85c. for October and 6'90c. for
for
Raw
sugars continued dull and prices further
declined to 5%c. for fair refining and 5?^c. for centrifugal 96deg. test, and refined is dull at d^c. for crushed. Molasses
has continued to be freely sold, and prices have further
December.
declined to 21c. for 50-deg. test.
Kentucky tobacco has been quiet at unchanged prices. The
salee for the week are 200 hhds., of which 150 for export.
Seed leaf has been quieter, and sales for the week are only
400 cases 1881 crop, Pennsylvania,
9@12o.; 150 cases 1884 crop, Pennsylvania Havana, 9@ 18c.
100 cases 1881 crop. New England Havana, 18>^@ 30c.; 100
900 cases, as follows
cases 1884 crop.
:
Little
Dutch, private terms, and 150 oases
800 bales Havana, 60c.@|l 05, and
198
666
H'headCAc
8
Norfolk
W.Polnt,4c.
New York...
9,000
5,763
Boston
Baltimore
822
10,396
...
609
Phlladel'a,i&c
1,230
92,867 4.536,817
Total
124
742
11,022
88,714
5,176
452,102
227,384
48,594
80,417
37,601
28,493
205
6,078
92,174
9,503
515,497
266,518
50,542
75,018
18,325
33,251
10
3,910
1,530
58
2,794
7,735
299,799
6,310
35,305
22,082
18,320
86
332,436
6.310
15,783
10,442
50,312 4,390,031 1,025,290
802,225
1,251
2,140
701
1,070
34,674
......
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Beceiptt
at—
1886.
1885.
2,921
21,542
2.018
6,450
4,835
1884.
Charl'st'n, <&o
WUm'gt'n,<feo
Norfolk
W. Point, &o.
All others
674
752
484
9,000
5,763
13,338
3,910
1,530
0,354
5,968
3,961
5,897
Tot. this wTt.
92,867
50,312
MobUe
Savannah
78,48:
1881.
1882.
1883.
7,216
31,859
2,474
8,469
10,126
6,320
31,502
4,440
12,622
6,208
G»lve8t'n,Ao.
New Orleans.
we
18,210
46,619
3,264
13,417
13,773
2,360
22,111
5,912
9,625
4,543
13,254
2,638
7,246
4,853
1,771
8,130
1,308
7,937
16,192
50,309
8,324
17,390
10,816
2,207
13,668
3,963
10,768
135,321
51,9t0
133,931
BInoe Sept. 1. 4536,847 4390.031 4310,218 4901,714 4058.4l'8 4670,086
mndries, 5@80c.; also,
Galveston Includes Tndianola; Charleston Includes Port Royal. &o.;
Wilmington includes Moieli'd Clty,&c.; West Polut includes City Polnt,<iEO.
200 bales Sumatra, |1 30@|1 60.
The exports for the week ending this evening reach a total
Spirits turpentine is held higher, but the speculative transof 95, 150 bales, of which 48,378 were to Great Britain, 8,599
actions have been much less active, and at the close values are
Below are
to France and 38,173 to the rest of the Continent.
for the most part nominal quoted on the spot at ifi%<i., but the exports for the week and since September 1, 1885.
with sellers at 43c. for April and 37i^c. for June. Rosins are
rrom StvU 1, 1886. to Feb. 86. 18S8.
Wuk Bndina Feb. art.
Crude
Bxportsd to—
dull at $1 03i^@$l 07>^ for common to good strained.
SxporUd to—
AUfNHTt
Oontt- Jbtal
areat
OontU
petroleum certificates have been active for speculation, but
Great
TotaL
ntnt.
Week. BrUatn. '*^"*"
Srtt'n. t^anee nent.
unsettled in tone, with prices feverishly variable, closing this
afternoon at 79>^@79%o.; crude in bbls. quoted at 6%@6J^o., QalTaston^
66,014
202,847
7.588
210.288 ie.51J
7,5?8
refined in bbls. ac 7^o. and in cases 8?^@9^c.; naphtha S'^"- New Orleans. 18,438
506,969 837,011
S 13.033 1.036,011
12,17i; 89,219
si.a«s
31,968
Oa the Metal Exchange to-day pig iron certificates were MobUa....
firm for immediate delivery at $18@$18 25, but futures Plortila.
SS1,6IM
3».see
6.asa
80,753
16.167
16,167
easier at |17 871^@.gl8 13J^. Tin rather easier at 20?i@2090c. SaTunsh
;
for spot and 20-65@30-70c. for futures.
Tin-plate steadier at
14 2o<g|4 35. Copper dull and unchanged, ll-40c. bid for
Lake and 10 05o. for P. S. C. Lead firm but quiet at 495(9
5 OJc. for domestic and 4*8oo. bid for foreign.
Spelter firm
at 4'45@4'6jo. for domestic and 4?^@5'15c. for foreign.
Ocean f.-eights were quite active for grain and petroleum
charters early in the week, but latterly are quieter; a small
ftfamer was taken to-day for grain at 3i. 3J.@3s. 4>^d. to
Cork for ordt», with some business to Hull at 8}^d. and to
Newcastle at 3^d.
•
=•
—
I,3!8
£1.084
4.319
16.041
854,071
62,139
173,IV>
60.140
se8.»o »,146
131,774
433,fN
MIC
13,1S3
9.IM0
674
83,790
3,463
8.463
1,636
16.133
8,001
aajMM
5,675
Charleston
WllmlnKton..
5,675
40.166
166.460
83.190
JJorfoUt
West
New
PotDt..
Tork...
Boston
SalUmore...
PbUadelp'a,&o
Total
ToUl
1884-Sa
73,01
o.sm
816
«,818
8,890
M.'SI
1,9S8
3357
89J.T3
83,085
67,16U
27,011
10,i07
162,631
03.160 1.507.361 StO.azO
900,04S o,8e7.aw
fisni
svi «4« s.izt 4ai
l,^>.^n.6«.^
3I7.SI6
-
11
11
1
also give
In addition to above exports, our telegrams to-night
cl^ed,
ns the following amounts of cotton on shipboard, not
add similar figures for New York,
at the ports named.
which are prepared for our special use by Messrs. Carey, laie
Lambert, 89 Broad Street.
?|i
We
25|| f5|f
at—
Other
France. Foreign
Britain.
Ooast-
Great
15,953
None.
None.
None.
None.
None.
51,365
5,700
2,500
3,400
10,0U0
5,000
5,000
6,000
NewOrleana....
MobUe
Cliarleston
Savannah
Gatveston*
Norfolk*
New York
Other ports
300
None.
None.
None.
None.
282,888
43,460
53,623
47,788
40,612
26,674
292,249
64,641
178,365
851,925
109,436
132,499
692,789
816,095
2,000
5.000
88,965
16,253
58,213
9,931
52,937
61,566
13.349
11,990
31,462
53,191
11,688
5.752
Total 1886.
Total 1885
Total 1884
Stock.
83,715
5,700
13,400
27,000
21,000
8,000
7,550
7,000
1,434
None,
900
minimum
estinaates of the total
at the close last even-
A
small failure was announced
To-day there was a steadier opening, but the market
soon fell under a semi-panic, due mainly to free offerings on
Southern account. Cotton on the spot has been very dull and
prices have declined, although no progress is made in accumulating stocks at this market. Quotations were reduced
l-16c. on Tuesday and again to-day, middling uplands closing
at 8 13-16C.
The total sales for forward delivery for the week are 606,300
bales.
For immediate delivery the total sales foot up this week
for export, 1,135 for consumption,
1,135 bales, including
for speculation and
in transit. Of the above,
bales
were to arrive. The following are the ofScial quotations for
each day of the past week.
yield,
ing.
—
—
—
UPLANDS.
nCon Taea
Feb. 20 to
Feb. 26.
Sat.
OrdlnV.VIb
BtrlotOrd..
Good Ord..
G'd Ord
Low Mldd'g
Btr.L'wMid
6%
7liie
NEW 0KLEAN8.
Mon Taes
Sat.
6U.
6>i
7!!r
7''8
I
eTg
71318
8H
It""
O'lB
8\
Middling...
Ck>od Mid..
a
8»,g
9l4i8
10»,«
8 '8
9>8
9>4
9>9
9 •'8
9\
Si"
6I4
768
7=8
63,8
6H8
79,8
8I18
Btr.L'wMid
8U18
§il«
87,88
8ili
8
838
8»8
87, e
Middling...
87g.
914
fltr,<J'dMld gia
Midd'g Fair O'e
rui......
IQia
Good Mid..
—
878" 8i3iB
914
913
9'8
'lOia
638
613,,
67,8
7%
l'>
8H
814
8»8
878
8=8
878
89,8
SiSia
9
938
97,8
9"l6 9i!ie 9i58
913,, 101,, 101,8 10
107,6 IQlln 101 1,„ lOBs
93ie
97,8
9'l8
STAINED.
Good Ordinary
Btrlot Good Ordinary
67,8
678
^Ib,
Low
Middling
Middling. ...:.
6%
61318
HoU-
7»8
836
day.
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00*1 ^"^
,-
00 u^
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teto
C0!0
titi
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1
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to
cccoo^
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00
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QUOD CO**
1
coco
8.®:
I
-a
OOOOQOtJ
CPtCjOob
M
2
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9p:
coco
o©©6
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UDOOoOO
crobOob
to
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cdcdCcd
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coco
w
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coco
I
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coob
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to
9
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CCCDqCD
8»8
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ow:
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cxnoo^o
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ccc;»
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5
ooco
^
con
2
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8I4
!»'•
8=8
8»8
878
87e
9I16
?il«
97,8
938
911,8 9'1,6 91>8
101,8 101,8 10
lOil, lOilie 105b
raon Taes "Wei Xb.
Sat.
Si
;
t
SJ"
9'i«
67a
Zi'i«
8I4
«:
I
-
tOr-,-,**
If^
IP
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o
:
OS 00
8H
67,8
678
9
5
00 QO
«a
<
°?l
I
{
614
2
^
2
QOQO
6>a>
lOifl
Ordln>v.«l>
BtrlotOrd..
Good Ord..
fltr.G'dOrd
Ix>w Mldd'g
5
B
e-'a
101,8 1018
a*
00=00? o
7''8
9" IB 9%
10>8
to
CO
CCOD
-jii
I
I
67„
9>«
91a
E
f
o
«5S
10\
lOlii,
10"ie 10%
ITedl Tb. Frl. nred Xb, Frl. \red Tb. Frl,
Fair
ig:
»oO
men Tne*
86,8
81fi«
808
878
oaES
o * 2.
00
«2
TEXAS.
Sat.
61a
8^
8tr.
Btr.G'dMld
Hldd'gFair
I
I-
II
I
Cotton for future delivery at this market had an appear .
ance of strength during the first half of the week under
review. There was less disposition among the bears to press
sales, and some buying by the " outside " public, in the belief
that cotton was cheap, and that the probabilities were that
values had "touched bottom," some of our leading commission
houses also seemed to encourage operations for the rise. On
Wednesday morning there was a sharp advance in the face
of weak Liverpool and Southern advices, but it was so plainly
the result of speculative manipulation that a decline soon set
in, which was not checked until on Thursday morning a reduction of 8@13 points had been made under the influence of dull
Liverpool advices and a free crop movement, causing the genall
a?
E.
p,p.(i)
Estimated— telegram not received.
abandonment of
13
a
'Wo*^
Leaving
Total.
vrise.
14.963
None.
10,000
21,000
6.000
3.000
2,250
1,000
.^?
dm
a: ?
On Shipboard, not cleared—for
Feb. 26,
XUI.
[Vol.
&
eral
.
THE CHRONICLE.
274
*
1
1
eg
o
I
au:
OOOOqOO
»jobo«q
-4M
1
ocop
cbcb
CO
10
opcp
5
2
3
2
"^
cccib
osy»
CO
ODQDp^
QDCD*^
-^tO
00
o»^:
oooooop
obco Oco
COO
(g
1
1
Frl.
:&
CO
OD
000DO°0
obcD^ob
V
-)J0
I
5
1
coco
:
QDQOqQO
ccobOob
COi^^
-If
I
(»r:
•
cc
I
•
I
«:
000
61 18
6iie
6%
6\
6
6ni8
l>
8»1B
S618
8I4
Oco
1
o o
1
1
I
1
I
I
I
i
I
3
SALES.
19:
The total sales and future deliveries each day during the
week are indicated in the following statement. For the convenience of the reader we also add a column which shows
at a
glance how the market closed on same days,
1
I
I:
I
:.
I
• Includes sales in September, 1885, for 8e itember, 130,200 ; September-October, for October, 301,700 September-November, for November,
416,400; Seteniber-December, for December, 928,200; SeiitembBr-January, lor January, 2,004,200.
Tuesday,
Transferable Orders—Saturday, 8-80o.; Monday,
0.;
8 8O0.; Wftdnesday. 8-80n.; Thursday, 8'75o.; Friday. 8700.
Short Notices for March—Tliureday, 8'72o.
;
BPOT HASKBT
CIXJSED.
Bat.
SALES OF SPOT AMD TRAMglT.
Fx- Oon- Spec- Tran- _ ^ .
i
port,
Steady.
tump
ul't'n
tit.
Xotal.
248
Mon
Taes
Quiet at I18 dec.
Stnadier
Thvirs Quiet and steady
Fri. . Quiet at lie dec,
Wed
Total.
The daily
PCTURB8.
Holl day
168
265
295
.1,1351
deliveries given
above ar«
Dtliv
eriet.
248 108,100
163
159
265
295
159:
Sola.
116,600
137,700
112,200
131,700
The foUowing.exchanges have been made during the week:
100
1,135 606,300
100
aotuaUy delivered the day
previous to that on whiou t.aey are reported
Thk Sales and Phices op Futubes are shown by the follow
In the statement wiU be found the
^<"' ^^'^ "Honth each day, and
P"S^ ?'
iyilli^^b}^^the
closing bids,
lag comprehensive table.
^^
m addition to the daily
and
total sales.
•20 pd. to exch. 1,200 Mar. for May.
43 pd. to exoli. I,g00 Moh. for AuR.
•29 pd. to exoh. 1,000 Mih. for Juue
•30 pd. tu exch. 2,(;00 Mch. for June
•05 pd. toexcli. 2,500 Mch. for Nov.
•lOpd. to exch. 100 April for May.
•13 pd. to exch. 200 June for Aug.
32 pd. to exch. 1,000 Oct. for Aua;.
21 pd. to exch. 1.000 Moh. for Sep.
•10 pd. to exch. 1,0 10 Mch. for Oct.
21 pd. to exch. 800 Mch. for May.
•14 pd. to exch. 500 Mch. for Oft.
27 pd. to exch. 500 Mch. for Sept.
•J3pd. to exoh. 200 Mch. for June.
•46 pd. to exch.
10 pd. toex<h.
pd. toexcli.
•32 i)d. to exch.
•40 pd. to exoh.
•(16 pd. to exch.
•34 pd. to e-ch.
•45 pd. to eicli.
•07 pd. to exih.
•10 pd. to exch.
•07 pd. to exch.
•10 pd. 10 exch.
•10 pd. tn nxch
22
Even 700 Feb
Aug"
2,fiOn
Mch.
1,0
Mch. for Nov.
for
1,600 Mch. for May.
100 M. h. for June..
1,000 Mch tor July.
101) July for Aug.
100 ApTii for Aug,
300 Mch. -or Aug.
70'iMav for Sept.
3.700 May for June
70) July or Aug.
200 McB. for Aorll.
200 April for May.
I
tor
March.
;
Fbbruart
1
«
:!
.
;
1
'
THE CHRONKJLE.
27, 1866.
276
Thx Visible Scpplt of CXyrroN to-nl^ht, as made up by cable twiM more than at the same
is as follows.
The Contiiiontal stocks, as well aa (he Mune towns have been
and telegraph,
and the afloat, are this wet^k's returnr,
and consequently all the European Azures are brouKht down
But to make the totals the uoniDlete
to Thursday evenin);.
figures for to-night (Feb. ^0), we add the item of exports from
those for Grout Britain
the United Stateb, including in
Btook nt Liverpool
Stock at London
bales
Total Great Brltalniitook
atookttt Hamburg
the exports of Frichty only,
it
188(1.
I88S.
1884.
7011,000
9-4.^,000
978,000
17,000
32,000
til.OOO
726.000
.
4,0i>0
41,100
SJ.OOO
Btockat Brpiunn
Btook at Anixicrilam
Btook at Rottorilam
Btook at Antwerp
Block at Havre
Stock at MarsolUea
Btook at Baroeloua
Stock at Genoa
Btook at Trieste
300
2,100
160,000
5,000
tt4.000
9,000
4,000
1893.
065,000
77,700
077,000 1,039,000 1.042.700
\500
3,400
3,20U
49.200
68,900
88,600
&2,000
611,000
21.0C0
.SOO
1,000
2,400
1,100
2,800
800
213,000
223,000
14l),000
.''.000
6,000
3,100
70.000
51,000
B 1.000
0,000
ia,oi)0
!>,'200
6,000
li.OOO
4 200
period last year. The (eoeioto at
3»,003 bales more than the
week last year, and since September 1 the receipts at all the
towns are 519,515 bales mora than for the same time in IfS^-li,
QUOTATIONS FOR UlDDLmO OOTTON AT OTHEH MARKETS.—
tn the table bolow we give the closing quotations of middling
cotton at Southern andother principal cotton markets for eaofa
day of the past week.
OLoano quoTATiom roa viddliho otmoti tm—
Week etidlng
Feb.
Batur.
ifon.
Wednet.
Tue$.
|
Oalveston...
Srvr Orloana.
319,5)0
410,300
434,100
292,500
8>s
3,010,40- 2,863,897 3,281,030 3.231,9^4
"lot-U visible supply
Of tlie above, ttie totals of American and other descriptions are as f oUow s
American—
727.000 706,000
Liverpool stock
bales 525.000
257,000
ymerleanalloat for Europe... 37!>,000
l,02o,2!H>
United States stock
UuiiedStates Interior stocks.. 414,172
23,445
United States exports to-day..
Contlueutal stocks
Total Amertoan
Mast Indian, Branl, Ac.
LlTerpool stock
London stock
Oontineutal stocks
India atloat for Europe
Egypt, Brazil,
Total Ec«t India,
Total American
—
&c
r4'
Wlliiilii«ton
8<<
.'.
184,000
17,000
6J.5J0
145,000
L7,00d
21'! .000
425,500
487,300
Boston
42,000
261.000
77,700
P4,500
175,000
40,000
682,100
649, 2C0
17 7,000
.^'84
5»iad.
IO^kiO.
lO'sc.
into Continental ports this
week have been
figirres indicate an increase in the cotton in sight
of 18;i,5I0 bales as compared with the same date of
a
deoreane
of 231,023 bales as compared with the correB1885,
ponding date of 1881 and a deoreane of 185,507 bales as
compared with 1883.
The above
to-night
—
Interiok Towns the movement that is the receipts
week and smce Sept, 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
-for the
period of 1881-85— is set out in detail in the following statement.
ilillal
E 6
E
ago
<
9
»>:
J-
S5rS*2'3;
X
P
e:
S
X.i' "K
IB
~ "
P
~
IB
—
.
D
LonUvllle....
SOs
d
,
.
•
o
^1
X cc ^ 00 M
*- *• Ci
l—Mt—
os
Ota—
it-
jjo's
OJ TO
O
il»
--J
Ci !D r.
1
I
I
,
,
.
,
104.533
V
112,110
111,48)
••
12
105,921
••
19
C8
65,013
7«.4»7
"
•-*
j
*?
-y*
I
O CO
j:~JV
X
I
,
I
—
C
CO
w j'i'O'-^oVic Tc'
o
0' -T -I
y .^
C IC — *
".^'
a to
V M at
>a
C O ;£ -^ «
rf^
(Jt
C
r-
I
o; (0 rfk 1*^
ai .D i; -1
cj«
10
»0
*
1
'^tv^»->X-JW*-0'^t3-C WiflriCODtOOl
>-•
ro A<
CO to
i>t
!?
it-oioi(-*lc:a'XCCOCic:Qoa*.otOX'J
K.ot:&uoC)f-i*-xcccso3Da3>-*CK>o:oo
— w c 5; — —
»-
t04i>totsco
oiito**
cc1p>o*^i^ tob«
i
—
s-
*5g
to
o
o
_ _
:
o ^i - ^ i-»
The above
-M
lo
U 3: A U (^ Ol
o
o *» > X -J
X c: o *M—o
w w » f
yiOi H- -g a: •o
QO
'~<
QO Xi tn to In f-i tc T- V. 'w'
-^1
tc ci <*
J- 1—
'j; -^j
•
ij'
;;•
to
H-
ifr-
--O
show that the old interior stocks have
tecrtased during the week 0,333 bales and are to-night 313,200
totals
1885.
|
1888.
1884.
i
ISSe.
1
188f.
—
Amount op Cotton in Sight Feb, 36.—In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to Fob. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
1885-8(5.
1884-85.
1883-84.
I
1882-83.
Receipts at the ports to Feb.26 4.536,847 4,390,034 4,340,213 4,901,714
rnt<!rior stocks on Fcli. 26 In
excess of September 1
426.756 199,2671 178,109 291,932
from planta'tns 4.963,603 4,589,301 ;4,51S,327 5,193,646
5.i9,;99! 442,478; 444,671
472,320
1G1,0>>0
144,000 150,000
160,000
,6S(i,802,5,173.779 5,1 12,998,5,825,966
2rt
1,270.656 1.009,57311,105.735 1,248.166
..
is
57J,S01 bjlea and the decrease from
to
damage
to
the wires, due to the high winds, many of our telegrams from
the South have failed to reach us today. As far as received,
however, they seem to indicate that there have been light
rains in about all sections. The movement of cotton to the
ports and interior towns continues to be quite free.
OaloentoH, 'I'exas. Telegram not received.
Indianola, 2'exa«.— Telegram not received,
Palestine, lexas.—telegiam not received.
have had rain on one day
New Orleans, Louisiana.
of the week, the rainfall reaching twenty-six hundredths of
an inch. The thermometer has averaged 58.
Shrereport, Louisiana,— It has rained on two days of the
week, the rainfall reaching ninety-six hundioJtlis of an inch,
and the balance of the week generally clear. The thermometer has averaged 54, ranging from 34 to 70.
have had rain on two days of
Columbus, Mississippi.
the week, the rainfall reaching one inch and eight hundredths.
The thermometer has ranged from 23 to 06, averaging 39.
Leland, Mississippi.—"^he weather has been ctol, cloudy
and partially rainy during the week. Average thermometer
47, highest 79, lowest 16.
lAtUe Hock Arkansas.—laXezx&m not received.
Helena, Arkansas.— It has rained constantly on one <Jay
and the remainder of the week has been pleasant. The rainfall reached one inch and thirty-seven hundredths. Not mnoh
ploughing done.
The thermometer has averaged 48, ranging
— We
5
tx(ao«o«cww«-i
3.' c»
O ro 3>
|
—
§1
I
•c
1884.
The above statement shows 1. That the total receipts from
the plantations since September 1, 1885, are 4,963,603 bales;
in 1884-85 were 4,589,301 bales; in 1883-81 were 4,518,327 bales.
2.— That, although the receipts at the outports the past week
were !)3,8()7 bales, the actual movement from plantations was
only 87,303 b.ales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 33,563 bales and for 1834 they were
49,303 bales.
as compiircd with lS^3-s4
1882-83 is 1d9, 1 04 bales.
cr.
OCir-
#-
1
It will be seen by the above that tun lucruiwe in amount In slgHt
to-nlKht, as coinp.ared with lait year, is 511,0-23 bales, the increase
fc- t_i
I
ifh
I
re *-
:.T -.c ',i>
1886.
93,911 110,310 330,9n0'298,0a0 193,250 74.7181 87,188* 80,S«7
75.28S 131,804 299,754 2ao,»7a'47B,S4«, 80,664 M,037'in.«»«
69,785 122.418 282,475 271,790 4fl«,013 «4,20j' 80,703' ll»,«m
68,8il 105,792 268,068 250,045 454.1 16 91.515 52,879; S0.8«S
64.324 10-i,.'.'24 254,450 2»4,«3l 44S,170 6l,S94j 32,510 96,978
50,312 9i.8«7 2S7.26') 2Iil.4«2442.6.>l 49.302' 34.563' 87,303
Weather Reports by Telegraph.— Owing
X -• ^ 3
-
ci
tn yi 3: M X
o;
O C CC O) W *• M tC vl - O
CC -3 O' -'
18S5.
Northern spinners' takings to
'
tt)
CUa; AUrs;
LEO J: c i-lc*
'S
GJ
V (C
1%
8«a
lUcetpU at the PorU. Sfk at Interior Tawn$. Ree'vUJnmPiamVnt.
Total In sight February 20..
»:
t>-:
S-,,
GB
Jan. 2i
••
29
Feb. S
Fcbruar.v
>«*
83a
8!M
Net overlauil to l''ebruar.v 1. ..
Sontheru consumpt'n to Feb. 1
S>'4
5il
8»8
8^
Receipts from the Plantations.—The following tab^e
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor
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.
Tot. receipts
» B»
=.s,2aj r ^
'o»V.*?|-
8!li
1
79,000 bales.
,
—
S's
0>8
8>S
8H
8^
87„
S\
83|B
3t. I.oul.'f
I'lnclunatl...
1884.
272.000
61.000
110,100
eigd.
liias.
At the
Memphis
8^8
»>S
9^
BH
PhUadelphla.
WetH
Ending—
3,019.407 2,863,897 3,281.0;;o 3,234.964
4%d.
V
9
4,000
32.000
111,300
99.000
27,000
SiSjgC.
8^
84
Norfolk
428.(100
948,594
20t',336
2,823,907 2,37d,597 2,618,930 2,5t!6,764
Total visible supply
Prion Sid. Upl., Liverpool
Price Mid. L'pl., New York
eg' The imports
324,000
2,623,907 2,3 8,597 2,618.930 2,586,764
afloat
<<<c.,
299,000
329,000
802,325
20U,972
20,400
.
BM
1*4'
AuKUSta
Europt^an stockd ....LCIV'^OO 1,387.3C0 1,47,S,100 1,335,200
Total Europ<ian»tocl{B
Europe. M.i,0(i0
!)!».000
Inillaeotti'nii!l.iiitr»r
ilia cuittiMi iit
177,000
175,000
"
"
3l!!I,000
po 37!I.OOO
Aiuur'u coifu atliiat for Kur'po
428,000
44)1,000
17.0(10
27,000
Egypt, Brazil, At'., iilU for E'r'pe
42,000
40,000
S02,2-/5
943,594
Stock In UiiUoil .Stati'B ports i.o'.'.'j.'.ino
92(i.97.1
414.172
200,(1 T 2
Btook In U. 8. Intdiiiir towns.
20S,3,SG
279,191
United States exports to-day.
23,445
20,400
4.000
32,600
frC
Thws.
8<^
Baltimore....
Total Continental stocks
•>
2(1.
—We
from 2g
to 64.
Memphis, Tennessee.— Telegram not received.
Nashville, Tennessee. —Telegram not received.
Mobile, 4/o6aw»a.— Telegram not received.
6
:
.
THE CHRONICLE.
276
Selma, Alabama.— It has rained steadily on one day of the
week, the rainfall reaching one inch. The thermometer has
ranged from 39 to 65, averaging 51.
Montgomery, Alabama.— It has rained on two days of the
week, the rainfall reaching one inch and twenty hundredths.
About ninety per cent of the crop has been marketed. The
thermometer has averaged 53"6.
XUL
[Vol.
Alexandria Heceipts and Shipments.—Through arrange
we have made with Messrs. Da vies, Benachi & Co., of
ments
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
oorresponding week of the previous two years.
Alexandria. Bavpt,
Auburn, Alabama.—The early part of the week was clear
1885-36
1884-35.
1883-84.
February 21.
and pleasant, but during the latter part it has been showery on
one day. The rainfall reached one inch and twelve hundredths. Seoelpts (oantars*)—
This week....
50,000
70,000
34.000
Average thermometer 49 7, highest 69 and lowest 27'5.
Slnoe Sept. 1
2.663.000
3,098,000
2,531,000
Madison, Florida.— Telegrum not received.
Thit
Since
Thit
ififince
This
Since
Macon, Oeorgia.—lt has rained on one day of the week.
week. Sept. 1. week. Sept. 1. week. «ep(. 1.
Columbus, Weors'io.— Telegram not received.
and
days
Savannah, Georgia.— We have had rain on two
Exports (bales)—
5,000 192,000
8,oro 261,000
To Liverpool
5,000 297.000
the remainder of the week has been pleasant. The rain2,000 115,000
To Continent
7,000 123,000 S.OOO 96,000
therAverage
fall reached fifty-six hundredths of an inch.
lowest
34.
mometer 55, highest 70 and
Total KnrODB
7.000 307.000 I5,ono 304.000 8.000 303,000
Augusta, Georgia. Telegram not received.
A oautar is US lus.
not
received.
—Telegram
Georgia.
Atlanta,
This statement shows that the receipts for the week ending
Albany, Georgia. It has rained on one day of the week,
the rainfall reaching sixty-nine hundredths of an inch. The Feb. 24 were 50,000 cantars and the shipments to all Europe
7,000 bales.
thermometer has ranged from 23 to 73, averaging 49.
Charleston, South Carolina.— We have had rain on two
Manchester Market. Our report received from Manchester
days of the week, the rainfall reaching thirty-two hundredths to-night states that the market is flat. We give the prices
of an inch. Average thermometer 49, highest 72 and low- for to-day below, and leave previous weeks' prices for com-
—
—
'
—
est 33.
—
Stateburg, South Carolina. It rained lightly on Thursday, and the remainder of the week has been pleasant. The
Ice formed
rainfall reached twelve hundredths of an inch.
on two nights of the week. The thermometer has averaged
i9-3, the highest being 68-5 and the lowest 27.
Wilson, North Carolina. It has rained on one day of the
week, the rainfall reaching fifty-eight hundredths of an inch.
The thermometer has averaged 44, ranging from 19 to 64.
The following statement we have also received by telegraph,
showing ttie height of the rivers at the points named at 3 o'clock
parison.
and February
25, 1886,
26, 1885.
Feb. 25, '86.
Inch
6
Feet.
Hew
Above low- water mark.
Above low-water mark.
Orleans*...
Memphis
..
11
Feb. 26.
Feet.
3
12
HO
Nashville
.......Above low-water mark.
Above low-water-markBhreveport...
11
6
8
11
4
Above low-water-mark.
36
4
17
31
Tloksburg
*
'85-
d.
Deo 24
8
3
India Cotton Movbiment from ali, Ports.— The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Feb. 25.
d.
T'o »8-',6
" 31 778 ©87,^
Jan. 8 7% ass,
" 15 7%®S6ig
" 22 7% a86ie
" 29 73i-aS5i6
Feb. 5,758 agSie
'•
12 7159 aSSie
tear Great ContiBril'n.
nent.
SMpments Since Jan.
j
Great
Britain
Total.
Continent.
This
Week.
Total.
7ia57 1
7i3»7 1
7is»7 1
7ia»7 1
7i«87 1
7ia*7 1
71a »7 1
7ia»7 1
7ia*7 1
5
5
5
5
5
5
5
5
19,79i6a8ifl
"
26712 ®81ie 5 7
®7
Ola
a.
d.
d.
838
5
«9
4iBie 8ii8a9iia
S<ii6a&ii6
5
5ll8 SSg >t9
5",« 86,6®815ie
n.
d.
5
7
5
7'«a7
5
7iflS7
7>«<»7
8
5
86i6a8io,« 5
5
415)6 SSifi-aSiSi^ 5
415,8 SOieOaiSie 6
8I4 a879
5
413l6
43,
8I4
aS'8
OoWn
8I4 lb:
Shirting:
Iwiii.
5
Uid.
Vpldt
d.
«.
d.
«7
6
6
7
W
5I6„
7i«»7
7 «6 10Vs
5'^HI
6
B6IOI9 6
10ii
6
«6
@6
91s!
6
6
-a
6
91a
6l8
7
6
of total exports of India cotton from all ports during 1885, and
give the figures below in comparison with the results for the
year 1884
Exports from—
(:alcutta
Madras
Tear.
Great
Britain
1885.
1684.
Con-
Great
ConBritain tinent.
tinent.
Total.
Total.
234,656 507,49H 742,155 524,9)6 706,041 1,23 \057
10.V52 15,804 26,056
2,541
3,148
5,689
122,«72
64,389 20,814 8,i,203 8;i,65S 39,314
670 14,2 2 55,016
640
55.656
13,.552
9»,862
43,497 31,284 74,781
67,170 32,68i>
Kurrachee
Beceiptt.
I.
d.
5
s.
TTpl't
d.
n.
••
BOHBAT EECBIPTS AND SHIPMENTS FOB FODB TEABS
this week,
Mid.
Shirting:
82» Oop.
India Cotton Movement for 1885. — We have received this
week from Messrs. Lyon & Co., Bombay, their compilations
2
9
reported above low-water mark, lastead of below high-water
as prior to October 30, 1885.
Shipmenta
Cott'n
lb$.
3
Now
mark
8M
IwieC
—
February
1884-35.
1885-86.
S2( Cop.
Tuticoran
CocoiiadaandMa-
1886 7.000 34,000 41,000 46,000 119,000
1885 4,00t 14,000 18,000 24.000 B3.000
1884 IS»,00(' JB,u00 55,000 107,000 136.000
1883 IS.OOli .58,000 76,000 84.000 158,000
165,000 49,000
107,000 30,000
213.000 4'2,0(>0
242,000 66,000
303,000
201,000
3 4 w, 000
_
Bhypment* tinu January
1.
-
Great
Continent.
BHtain.
Total.
Great
Britain.
Continent.
Total bales
2,781
.
.
Total.
1886
1885
3.000
2,400
3,000
2,400
1886
1885
4,000
2,700
18,000
16,900
2,000
3.600
1886
1885
XotalaUri886
3,000
2.400
!U1885
3.000
2,400
2,710
24.109
26,819
1,543,055 bales in the preceding year, or a falling off of 575,305
If our readers will refer to the Chronicle of Jan. 3, 1886,
they will find that our running statement, kept from our
weekly reports, gave the total for all India ports at 966,000
bales, or within 750 bales of this revised total received this
week, or nearly two months later than the same information
was given by us. It is a source of gratification to us to know
bales.
that our methods of obtaining the returns from India have
proven so correct.
East India Crop.— From Messrs. Gaddum, Bythell & Co.'s
Bombay January 22, we take the following
:
receipts this week amount to 31,370 bales, comprisina 18,600
bales of Oomra descriptions and 11,400 bales of Beogals. The bulk of
this cotton ia, however, coming through merely for shipment or for delivery against previous contracts; and, notwithst.inlin!? the comparatively liberal supplies which we have received during the pnst few
weeks, there is hardly any accumulation of stock here, the quantity of
new cotton offering for sale being limited, and oousequently held for
full prices. The total stocks of cotton in Bombay at pieseut are estimated at only o.n.OOOb.iles, against 60,000 lust week, and the greater
pinion of this is held by the local milis. The weather up country has
bepn very cloudy this week, and rain was threatening in the DhuUera
Oar
14,000
14,200
All others—
24,333
The above shows the total India exports to Great Britain
and the Continent to have been 966,750 bales in 1885, against
report, of date
CUoatta—
Hadras-
21,552
369,127 597,623 966,750 736,020 806.O3a 1,5..2,055
400,000
According to the foregoing, Bombay appears to show an
increase compared with last year in the week's receipts of
19,000 bales, and an increase in shipments of 23,000 bales, and
the shipments since January 1 shew an increase of 58,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the Ist of January, for two
years, has been as follows,
"Other porta" cover Ceylon,
Tuticorin, Kurrachee and Coconada.
Shipmentifor the week.
sulipatam
2,000
3,600
12,500
8,500
6,000
2,000
10,500
28,500
26,300
10,000
4,700
38,500
31,000
10..500
but only a few drops fell here and th(;re, and telegrams received to-day report the weather fine again. Our Oomra advices report
in qiialliy, Hud receipts la the Dhnllera disMicts conunue
verv small. Broach promises to he a good crop. Picking has already
commenced on a R?nall sca^e, and is expected to be generiil iu at)Oiit a
fortnight. Reports from all the other cotton-growIng districts arefavorable. The luai l^et has heen quiet during the pa>t week, but sellers have
new business transacted Is not
1 efused to give way, and the amount of
districts,
no change
The above
totals for the
the ports other than
we*
week show that the movement from
is 600 bales wore than same
Bombay
last year.
For the whole of India, therefore, the total
Bhipinente since January 1, 1886, and for the correspondine
penods of the two previous years, are as follows:
BXPOBTS TO EUKOFB FBOU AIL INDIA.
1886.
Shipmenli
Europe
to all
TMi
1885.
1884.
meek.
Since
Jan. 1.
Thi$
week.
Since
Jan. X.
Thi$
week.
Jan.
All other ports.
4l,ono
3,000
165,000
38.500
18.000
2,400
107,000
31,000
55.000
10.500
243,000
54,000
:; Total
44.00(
20,400
138,000
6.=.,,500
297,000
from—
Bombay
Statement
203.500
afifords
*v^.^**
the total movement for
Sinet
1.
a very interesting compariaou of
the three years at aU ladia pSrts?
large.
JuTE Butts, Baqoing, &c.— There is still an unsettled
feeling in the bagging market, and dealers are considerably
apart in their views. Quotations are irregular, and while
some sellers are quoting higher figures, there are others who
are willing to fill all orders that come to hand at 6V^c. for
n^ Ihs., 6Jic. for \% lbs., 71^0. for 2 lbs. and 8>£c. for
standard grades, and sales are reported of large parcels at
these prices. The demand for butts has been rather light, but
few large parcels finding takers. Some inquiry is reported
for small quantities, and in this way some stock is being
worked off. For paper grades sellers are naming 1 13-16®
IJiC while bagging qualities are held at 2@3Kc.
I
:
.
Fkbruasy
THE (CHRONICLE.
27, 1686.]
277
CoMPARATivK Port Rbobipts and U-vily Obop Movkmknt.
— A comparison of
tlio port tuovuinent by weoks ia not accurate
weekH in ilitTorent years do not uml on the aarae day of
the month. We have conHO<iuentIy added to our other standing
tables a daily and raontlily tttateiuent, that the reader may
constantly have b»<fore him the data for 8e«!ing the exact relative
movement for the years named. Tlw movement sine*
September 1, 1885, and in previous years, has been aa fuUows.
•B the
Total WilM.
BAl.TlM(inB-To Liverpool, per stenmorTbanenuirp,
To iiininnii. per ntxHtner Amarlea. ;l>-i ... .
""
--,(
T.,
1,83.'(....
1.200
iM. 3.17a
Boat
1 g."i5
'I"
10
fBli,Ai,bi.etiiA— iu i,ivurv<ioi. piT Hb«)aiuor L>r<l Oou|[li, 1.103..
T*ar Segitming Btpitmhtf
'
atetiptt.
1885
Bept'mb'r
October.
383,642
1882.
1883.
1884.
326,636
990,584
343,812
345,44,^
1,046,0921
oveinb'r 1,0^3,533 1,122,164 l,030,38o! 1,094,697
Deoemb'r 1,069,92011,104,211 1,059,653 1,112,531'
752,82:
543,393
475,7571 487,729
January
.
1
1 ,055,324 1 ,090,385
{
»»t»i
1,1^
^ITiio
particulars of these ahipments. Arranged in otir
form, are aa follows:
1.
nnsl
Rottcrilam
1881.
429,777
853,19.'
A H(Brtmen atrp rf
d: Ham- Xorr- Buret-
1880.
Liver-
458,478
988,31S
pool.
New York
N Orleans
974,04: 1,006,501
996,807 1,020,802
Savannah.
487,727
Ubarleston
571,701
1,138,031 4,137,962(3.967,C66j4,267,300 3,741,549 1,025,800
Total
Pero'taRe of tot. pori
86-64
81-80
70 89
7027
68-53
reoelpta Jitn. 31 ..
I
40
.
The
JTonlAIy
'oin
1,300
8,173
-
:::::iii;ii:
I
9,021
12,074
4,309
Mobile
Oenoa.
1,248
8,603
1,650
1,950
Galveston.
Wilmingl'n
3,401
Norfolk....
Baltimore.,
5,634
l,8^6
3,172
1.103
Hal-
ifax.
4,369
2.350
700
3,300
1,796
Boston
1,200
6,4.50
80
2,635
40
Total... 39,679 10,732 22,417
4.277
1.175
8319
352 1,200
Included In the above total from
Total.
13,433
860 36,005
1,175
Phlladelp'a
This statement shows that up to Jan. 31 the receipts at the
ports this year were 6D bates more than in 1884-85 and
170,36o bales more than at the same time in 1883-84, The
eoeipts
since September 1, 1885, and for the corresponding
eriod of the five previous years have been as follows.
Havre, burg. Imuiiig. lona.
316 1,711
800
8,436 12,623
Ytra
Orut
<t
3,750
2.375
New York
50 bales to Qlasgow.
8,407
3.212
1,103
489 84,160
4,419
are 189 bales to Hull
and
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
1885-86.
1884-85.
1883 84.
1882-83.
1881-82.
188C-31.
Rbw Orleans— For
Livemool Feb. 19-Steamer Yucatan, 5,029
.
Feb. -20— Steamers Humboldt, 2,414; Counsellor, 5,440
Feb.
I«>t,jD.31 4,138,031 4,137,962 3,967,666 4,267,300 3,741,540 4,025,P0J
Feb. 1....
"
a....
•
"
"
"
8....
19,321
24.095
10,524
21,620
22,073
14,260
4....
6....
6....
" 7....
" 8....
" 0....
" 10....
" 11....
" la...
B.
" 13....
18,973
19,626
18,883
15,970
18,078
17,022
" 14....
S.
" 15....
" 16....
23,538
16.140
13,821
12,126
19,877
16,172
" 17....
" 18....
" 10....
•SO....
"21....
"22....
" 23....
"24....
"
28....
"26....
Total
8.
10.449
15,848
14,439
9,037
28,992
8,862
8.
14,972
10,601
8,348
11,237
14,581
9,184
8.
B.
13,415
8,523
5,490
7,183
10,52f
3,634
15,678
16,583
13,758
7,755
7,799
7,637
9,626
22.921
B.
11,';68
13,650
14,678
8.
19,676
16,604
18,347
17,453
24,223
17,925
8.
19,319
15,790
10,975
15,754
26,158
10,828
S.
10,397
10,937
8,027
8,047
16.777
21,921
30,723
20,977
B.
35,832
26,666
18,308
23.03 r
40,557
18,730
8.
25,147
26,599
23,150
21,200
31,304
17,131
8.
12,592
11,049
22,34^
10,059
S.
16,697
14,970
12,207
13,330
19,496
10,622
a.
15,440
10,750
9,647
9,389
16,183
8,707
8.
27,754
20,839
17.739
15,316
35.649
18,471
14,316
9,582
B.
13,616
5,341
5,712
14.049
6,652
30,692
a.
18 419
B.
22.982
18,075
21,769
27,938
26,031
a.
20,76
23,485
18,721
17,019
27,674
29,688
B.
28,391
10,070
18,579
20,037
39,774
17.936
12,72.T
8.
26.277
15,760
16,873
22.963
39,540
25.645
4,336,817 4,379,676 4,306,043 4,815,556 4,013,160 4.561,800
Faroentsg e of
22— Steamer Explorer, 4,054.
For Havre— Feb. 20—Sloamer Eslantlne,
,
Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.
Castlecrao, steamer
(Br.), for Bremen, before reported damaged at
Orleans, Feb. 6, by colliding with severiU vessels, repaired
and resumed her voyage f eb. 19.
City OF CiiiOAOO, steamer (Br.), from New York for Liverpool, while
proceeding down the river on Feb. 20 at about 7:13 P. M, got
caught in the eddy of the East River and grounded elf the point of
Governor's Island, opiiosit" Castle William, where she remained
New
until 7:40 A. M. next day. when she floated, with the assistance of
six tugs, and proceeded to sea.
CycLONE. bark-Abr.ut l,40i) bales of cotton ex bark Cyclone, wblcb
was wrecked ofT Grand Bahama, had been taken to Nassau up to
Feb. 16. mostly in a drv condition,
Kaffaele LiGiiKE, bark (Ital.), which took fire at New Orleans night
of Dee. 11, completed her repnirs Feb. 19.
Tensas, steamboat, en route to New Orleans from Tensas River, with
1.014 bales of cotton and 2.700 sacks of cottonseed, was destroyed
by Are at 4 P. M. of Feb. 24, near Eutaw Landing, on the Black
Kivcr. The boat and cargo, which were valued at iJ50,000, are a
total loss. Jio lives were lost.
Ootton freights the past week have been as follows:
total
port reo'p ta Feb. 26
91-69
88-78
80 00
85-02
77-65
Ivt$.
This statement shows that the receipts since Sept. 1 up to
to-night are now 157,171 bales more than they were to the same
day of the month in 1884 and 230,799 bales more than they were
to the same day of the month in 1883,
add to the table
the percentages of total port receipts wiiich had been received
to P ebruary 26 in each of the years named.
We
Uverpool, steam
Do
News.—The
exports of cotton from the United
States the past week, as per latest mail returns, have reached
84,150 bales. So far as the Southern ports are concerned, these
we the same exports reported by telegraph, and published in
the Chhonicle last Friday.
With regard to New York we
include the manifests of all vessels cleared up to Thursday
night of this week.
ng^»3to
e.
sail
%
„
w.
HBW
YORK—To
Total baltt,
Liverpool, per steamers City of Chicago. 1,625
....Uermaiiio, 2,435... Nevada, S84....0reKjn, 1,177....
Snaln, 2,«00
9 021
To Hui;, por steamer Cbicago. 189
......'.'.'...
'lS9
To Olasgow, iior steamer Scandinavia, 50
60
II!
To Huvn-, per straiuer Aiuerlque, 316
31(j
To Kr en. en, per steamers Kins. 2.
Hermann. 525
.
72.)
To HunUuirK, per steamers .Australia, 741
Gellert, 243..
9"0
To Antwerp, per sieamer WesleinUud, fcOO
900
To (ienoa,perst<amei9 Archimedes. 154.. .Biu«iiudla. 1,092 1,246
SBW Oklea.ns— To Liverpool, |>er steamers Ciirmnu,4, «,15d
MajuKiiez, 2.372
per sliip Germanic, l,.i47
12,074
To Havre, per ships Aunie Burilll, 3,la6
King Ceolrlc,
_,5.a50
To Bremen, per steamers Darlington, 5,373.... Laiuestina, 8,488
5,500
per hark ttalla, 1,730
12,623
To Ijonoa, per ship Fluridj, 2,^03
2,303
To Vera Cruz, per steamer Kstaban Ue Antunano, 369.IIIIiI
369
MOBILE— lo Liverpool, per ship Xorthumhila, 4.369
4,369
•.
Batinnah—To Nomopiujj,
iier nark Aroudal, 1,630 Upland
To Genoa, per bark Calo, 70d Upland
l/HARLKsTo.s— To Havre, per b^rk Zjnrak, 1.9)0 Upland
To Hremeu, per steamer Aurora, 3,3UO Upland
lo Katecleua, i)cr bark Kspaua, I, ^(lO Upland
QALVESTo.v— To Liverpool, per liirk Ueudiiok Ibsen, 2,401 ...
To Bremen, per bark J. J. L.ittze. 1,7!'6
To Vera Cruz, per steamer Harlan, t-0
wiLMisom.M-r,, K.u.-.lona. per Or x Itomeo, 1,175
'.....
«OKtoi.K-r.i Lueii.oui, per ship Caia.ru, 3,634
loBiemeu, per steamer Swaledale, -2,635
1,650
7iiO
I,9i0
3,300
1,200
2,401
1,796
8)
1,173
5,684
2,635
40*
Do
8aU,..c.
Reval, steam
d.
"64® >»
'e4a'8
113,39^ 11333=% l>«i®H8
H
H
H
ni
»i«
35"
35»
sail
15j'''»ls
i6^ai4
.
H
'is'
»i«'
35'*
85»
"Ma"* «M»>i
e.
Barcelona, steam.c.
732916,4
'38
73„al4
Genoa, steam
c.
Trieste, steam. ..e.
>4
Antwerp, steam..e.
*
IH
3l8
7e4
sall,...e.
Amst'd'm, steam.e.
Do
Tkuri.
764 a l6
c.
Bremen, steam..!!.
Do
saU
c
Do
Wednet
sall...d.
Havre, steam
Do
d.
Hamburg, steam.c.
Shippinq
3,835.
For MalaKa— Fob. 2-.'— Barg Nuovo Mondo, 1,317.
Chaulesto.n- For Sobastopol— Feb. 20— Steairer Glenllvet, 4,345,
For Barcoloua— Feb. 20 -Bark Mario, 1,330.
SAVASNAii-Fiir Bremen— Fe'.. -20-Steamer Llangorse, 5,122.
For Antwerp-Feh. 20—Steamer CoronlUi, 4,001.
For Goitenburg- Feb. 20— Brig Bams. 1,023.
For Barcelona— l-'eb. 23— Bark Agantyr. 1.600.
Boston- For Liverpool— Feb. 17— Steamer Mlssonrl, 3,230.
Baltimoke— For Liverpool— Feb. 20-8leamor Barrowniore, 3.462.
POUADELPHIA—For Liverpool—Feb. 23—Steamer Briusb King,
Per 100
7;)sal»M
32 9^4
l33i»>4
4
"4
»e4«5j2 «e4 3»3S »«4»»aa
lbs.
—
LrvKRPOOL. By cable from Liverpool, we have the following
statement of the week's sales, stocks, &c., at that i>ort.
add previous weeks for comparison.
We
Feb. 5.
Sales of the
week
bales.
Feb 12.
Feb. 19.
Feb. 26.
48,000
2,000
4,000
40,000
3,000
17,000
709,000
Of whl<h exporters took
Of which speoalators took..
dales American
54,000
5.000
4,000
45,000
Forwarded
Total stock— Estimated
Of which American- Estlm'd
15,000
636,00t
47 9,001
630,00(1
48,000
3,000
2,000
41,000
3,000
14.000
671,000
473,000
500,00-
3-25,000
8-2,00t
53,OOC'
54.00c
240,00t
203,000
43,001
277,00'
92.000
77,000
237,OOf
218,000
9S,000
76.0C0
216,000
176,0C0
.S,000
week
Of which American
Total Import of the
Of which Amerioan
50,000
2,000
3,000
40,0t0
5.000
11.000
239,000
The tone of the Liverpool market f .^r spots and futures eaoh
day of the week ending Feb. -J(!, And the daily closing prices
of spot ootton, have been as follows:
.
THE CHRONICLE.
278
Bpet.
Saturday Uonduy. Tuetdaj/.
Weana, ThurMd'y. Friday
[Vou XLII.
Oats have been dull, but were firmly held until yesterday,
fractional decline occurred.
To-day there was a
further decline, and a dull market.
DAILY CLOSING PRICES OF NO. 2 OATS.
Sat.
Mon. Tuea.
Wed. Thuri.
_
, ,,
Fri.
Fel.ru.ary delivery
38
38
i^
3S
37%
STfc
MarchdeUverv
«
37Tg
3773
3731,
375,
372^
when a
Barely
Market, {
12:30 P.M. 5 supported
Freely
offered.
4i:i,8
Mid. Upl'ds
Mid. Orl'ns.
Bales
Bpec.&exp.
Dnll.
4i3ia
4^
4T8
4l3i8
479
6,000
8.000
1,000
7,000
1,000
500
Freely
oHered.
Barely
supported
Flat.
4%
8,000
500
4^
4l3l6
413i«
8,000
1,000
8,000
1,000
.
April aelivery
ST'a
MaydeUvery
Market,
.t,'(
12:30 p .M.|
Market,
5 P. M.
Easy at
Quiet at
Oulet at
Easy at
l-»4 de-
1-64 de-
1-64 de-
1-64 de-
cline.
cline.
Qalet.
Quiet.
cline.
cline.
Quiet
Steady.
l>ut
Quiet.
Barely
Steady.
Steady.
steady.
Btewdy.
The opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unlet s
otherwise stated,
The prices are given in pence and GitfiSf thus: 4 63 inea7ts
tW
4 63-64d.. and 5 01 nieans
I^at.
ft
l-6id.
Mon., Feb.
Feb. 20.
Open High Low.
Qlot
d.
d.
4.
4 47
4 47
4 47
4 47
47
4 47
4 47
4 49
4 47
4.49
4 47
4.51
4B3
4 51
4 33
4 58
4 59
4 56
4 56
4M
4 59
Op«n High Low.
iS
Tuea., Feb.
^'Z.
Cloa.
Op«n High Low.
o
37''8
a
377e
37%
37%
37=8
3753
37?
37%
Rye has been quiet. Barley has been offered more freely
and the extreme pretensions of holders have not been maintained.
The sales have been very large and mainly of ungraded Canadian at 79c.@.f 1 01.
The following are the closing quotations:
FLOOR
$2 509 3 10 Southern supers
$3 259 3 50
Saperflae
2 803 3 20 SDUthern baHers' and
Spring wheat extras. 3 loa 3 60
family brands
4 65» 525
Miun clear and aira't. 4 00 9 5 10 Byottour, suporflne.. 3 20» 3 50
Wlnterahipp'ge.'ctras. 3 40« 3 7.5
k)rn met 1 —
Winter XX <& XXX.. 4 15a 5 15
Western, <feo
2 50a 3 00
Patents
4.i0a 5 50
Brandywlne. An
3 009 3 05
()lty snipplugex
3 60'* 5 00 Buckwheat flour, ^
South'n com. extras.
4 00.9 4 50
100 lbs
1858 2 00
GRAIN
WTieatR/e— Western
61 « 63
8prlnii;,per bush.
85 al 03
State and Canada. .. 64 9 66
SpriusNo.2
94 a 96
Oats— Mixed
3« « 39'i
Ked winter. No. 2
93 v 94
White
39 a 45
Red winter
80 tj 1 00
No. 2 mixed
3759 » 39
White
85 » 98
No. 2 white
40 o 411*
Oorn— West, mlzsd
46 9 .\2
Barley50I11* 51%
West. mix. No. 2.
No. 2 Canada
84 a 86
West, white ,Tie5v.
46 ® 52
State, two-rowed
70 a 75
West, yellow, now
46 '3 52
State. sU-rowed
80 » 90
White Southern..
50
55
Buckwheat
52 a 53
Yellow Bouthern.
48 a 52
Fine
W
bbl.
'
Clo*
j
d.
February... 4 47
Teb.-Marcb 4 47
March -Apr.
4 47
April-May.. 4 40
May-June... 4 51
June-July.. 4 63
July-Aiiif...
4 56
AuK.-Sept..
4
4 49
4 51
453
4 47
4 47
4 41
4 49
4 53
4 54
4 56
4 59
d.
d.
d.
d.
d.
4 47
4 47
4 47
4 4S
4 48
4 48
4
4 47
4
4 54
4 56
454 454
4 56 4ae
47
4 47
4 47
4 49
4 51
4 53
4 56
4 59
4 47
4 47
4 49
4 53
4 47
4 47
4 47
4 49
4 52
4 47
4 47
4 49
4 52
4 59 4 59
4 59
4
4 49
4 53
4 54
447
4
49
4
4
4S6
4 61
4 53
4 56
4 59
4 59
4
4
4
4
4S
48
48
49
52
54
56
59
Sept.-Oct...
VTednes., Feb. 24.
Than., Feb. 25.
Op«n Hiok Low. Clot
Open High Low. Olo«
d.
February.
4 46
Feb.-Marcb. 4 46
March-Apr. 4 46
April-May.. 4 4S
May-June... 4 51
Jnne-JuJy.. 4 53
Joly-Aue... 4 53
AuK.-Sept .. 4 58
d.
d.
4 47
4 46
4 46
4 47
4 47
4 49
4 51
4 93
4 56
4 59
d.
4
4
4
4
448
4
4
4
4
4
48
51
53
55
58
4
4
4
4
47
47
47
49
51
53
56
59
Fri., Feb, 26.
Open
£Fi0?i
d.
d.
d.
d.
d.
d.
4 45
4 45
4 45
4 47
4 49
4 51
4 54
4 57
4 45
4 45
4 44
4 44
45
445
4 45
4 45
4 45
4 47
4 49
4 51
4 54
4 57
4 45
4 47
445
4 44
4 45
4 48
4 50
4 53
4 55
4
149
4 51
4 54
456
4 47
4 49
4 51
4 54
4 58
Low.
Clot
d.
4 41
4 44
4 44
4 44
4 44
44)
4 45
4 45
4 48
4 50
4 53
4 56
4 4S
4 60
4 52
4 65
4 43
4 50
4 53
4 58
4 44
441 4 44
4 44
Sept.-Oct...
BREADSTUFFS.
Friday, P. M.. February 26, 1886.
There was a much belter demand for wheat flour down to
the close of Wednesday's prices, and business for the low an
medium grades were advanced 5@10c. per bbl., but the dealings were mostly with the home trade, as shippers were compelled to retire before the advanced views of sellers
but yesterday and to-day the market, though showing a fair degree
of steadiness, has been much less active. Rye flour and corn
;
meal have had a fair eale at abeut steady prices.
The wheat market has been somewhat excited. On Tuesday
and Wednesday there were large purchases for export, and,
although the movement was by no means general, nor did
it
appear to be justified, it gave a great impulse to speculation
and caused a smart advance in prices. Most of the wheat
taken was ungraded red winter, of rather inferior
qualities,
but a few choice boat loads were included. Another
severe
blizzard has visited the Northwest, but its effect
upon the fall-fiown wheat is yet to be ascertained. Yesterday
the export
.demand fell off and part of the previous advance was lost.
To-day the decline continued and the feeling was
very
unsettled.
Sat.
March
delivery
April delivery
May deliverv
Jiton.
'
Tuai.
Wed.
93 !k
oji^
93^
95
96
95
94
95 14
Thnrt.
•J 4
9338
941a
We
Otuiptt al-
Chlcago
Milwaukee...
92%
9334
9638
o
863a
95% 95
June deHvery
9Big
9733
97 Ja
9<i=a
96
Becembei delivery
...101
1021a 1021a lot's 100 Sg
Indian corn has shown irregularity. The
pressure on supflies for J ebruary delivery has been so
great as to amount
,alK09t to a "corner," which became quite
severe on Wednesday afternoon and Thursday morning, when
No. 2 mixed in
*levai;or brought 56o. and a fraction
more. Other grades and
133,372
86,107
23.813
83.697
Detro.t
Cleveland
2,045
...
St. Louis.
..
159.587
12.000
101,596
136,337
16,000
lbs
itue.
Bmh.i&lbs ts\uKiaib>
73S,409,
2«3,489|
19,953
121,720,
5,3i«)
598,326
184,365
450,142
733,930
660,153
2,280.525
1,087,928
1,318,339
2,6CT.9Ul
400,218
1,169,2:2
S14,.805
55,045
44,097.779
55.703,069
86.900,403
10,003.031
2,290,495
87S
lfil,976
1,255,01^
8.',500
Dulutli
Tot. wk. '86
£iMh.32
53,651
1.800
46,299
2,689
12,839
Same wk. '85
Siime wk. '84
BarUy.
Oata,
Its
37.600
5.833
25.353
25.000
06,008
169,875
62.4:s)
3,480
13S,812
5.000
3,813
87,870
4,t00
50.400
12,600
4,500
617,059
193,338
40.488
34,865
7.863
VtMfc Julif26
1885-86.
..
18S-1-85.
lbS3-81.
..
4.850,956
n.045,08-
81,960.015
58.408,h37
u0.310 605
13.567.523
3,888,399
.
5,581,514
56,330,383
71.37^,441.
39,035.9110
13,y09.M3i
5,793,C9g
The receipts of
week ended Feb.
flour and grain at the seaboard ports for the
20, 1S86, follow:
Ftour,
Wheal,
Com,
Oats,
Barley,
Rye,
AtNow Kork
bbls.
Philadelphia...
Baltimore
Richmond
NewOrleaua...
week
'85..
25,426
20,157
242,691
28,140
2 1,709
450
83 800
31,200
37,712
3,917
•2,302
10,831
Total wePlc... 199.344
Cor.
bu:ih.
bush.
3ti.8"i0 2,03.5,900
80,.^83
44,573
143
6,632
16,384
37,896
Beaton
Portland
Montreal
201,874
554.752
12,642
9,965
178,971 2,973.443
362,173 1,781,7118
bash.
bush.
327,750
159,616
62,150
12,130
6,950
85,000
0J,336
1,600
46,800
bush.
1,200
410
40 5
3,103
10,91 J
123,032
709,616 123,000
414,367 109,132
5,113
8,050
The total receipts at the same ports for the period from Dee,
21, 1885, to Feb. 20, 1886, compare as follows for four years:
1885-86.
1,642,209
1884-85.
2,150,030
1,293,016
16,923,207
4,395,949
1,185,261
73,903
5,163,200
17,864,249
4.340.0t4
1,237,478
170,671
23,373,365
28,775,632
bbls.
Wheat
Fri-
93
Bmh.eo lb> £luA.56
75,336
Toledo
Peoria
Com.
Wheat.
Flour.
Bbls.l90lbit
Flour
DAILY CLOSnia PBtOBS OP NO. 2 RED WDTTEB WHEAT.
In elevator
The movement of breadstufts to market 13 indicated in the
statements below, prepared by us from the figures of the New
York Produce Exchange.
first give the receipts at Western
lake and river ports, arranged so as to present the comparative movetaent for the week ending Feb. 20, 1836, and since
July 26 tor each of the last three years:
bush.
Corn
Oats
Barley
Rye
Total grain
...
1883-84.
1,927,258
2.835 951
8,23i,8 JS
2,738,900
I,2,i5,6j7
281,349
15,311,7.55
.
1S82-3.?.
2,634,803
8.331,072
13,252,357
3,2S9,33l
700.802
134,621
25,693,186
The exports from the
several seaboard ports for the week
ending Feb. 20, 1886, are shown in the annexed statement:
Exports
from—
Wheal.
Com.
Rush.
Bush.
708,903
56,373
28,110
Flour.
Bbls.
Oats.
Bush.
2,089
Rye.
Fea$.
Bush
Bush.
York 370 072
02,5^0
2,312
14,517
somewhat with this advance but New
Boston. ..
8,232
20,238
yesterday afternaon the market broke; No.
20,157
113
2 mixed for promnt Portland.
Montreal.
delivery gave way fully 3c. a bushel and
the whole market Philadel.-.
2,623
wa* depressed. To-da;,- prices again gave way,
Baltim're
21,447
but at the re- N. Orl'ns. 182,852 844,381
125,977
600
duction there was a good business for
Richm'd
export.
DAILY OLOSINO I"8h;K8 OP NO. 1! MIXED COBN
Total w'k.
2,312
581,333 1,763,777 107,631
14,517
2,089
*"'•
'^Vkw,
"?"•
"'«*•
In elevator
S'me time
51
....
02 3i
February deUvery.'.".".'."".' siu
50%
26,178
1885.
..
358,256
1,857,906
8,030
162,567
63,429
55
52''8
55^
March delivery..:. ..
60%
50%
5073
BO'S
SOSg
delivery .. .:;;.:;:;• Jo^
49^
50
The destination of these exports is as below. We add the
49%
49H
I91I
«9>4
49>3
g
48^ 48^ oon-esponding period of laat year for comparison.
.4eliv«Mes sympathized
.
^-
^m
1
.
Febrcart
1
THE CHRONICLE.
27, 1886.]
WhiU.
Flour.
Oom.
Mtportt
I88H.
tortfttk
Wei-k,
Frb. 20
Feb. a I.
Coutlii'nt
6.,k<'.Aiu
1,0.^4
0.0
l!t,HHr:)
W. Inillea
Brlucora
2i.3at)
Otb.o'n'U
20
20.224
4.440
13,795
107,631
163,567
5,3tiO
Total.
RiuA.
411.034
1T0.275
10 1.953
4,t^9
69.943
Un.Klng.
Feb. 20.
Bbl$.
Bblt.
1888.
Wr4k.
Feb 21.
1886.
Week,
1885.
1885
1886.
Wtek,
Week,
Feb. 20.
Feb.
21.
Bu<A.
Bunk
269.875 1,214,361 1,224.938
8s,fi3l
541,006 651.080
60
1,966
58,209
6,344
23,01)9
Bl4>*.
100
581,333
358,256 1,763,777 1.857,00 6
moTement
to our previous totals we
ha.ye the following statement of exports tlua season and last
B7 adding
this week's
MxrorU
to-
l8«4-85.
m
BiKk.
BbU.
Vn.KlnKdom
CoDtlDtiDt
8. JkC.
..
Am...
Vfett Indtei.
Biwk.
Biufc.
Ihuh.
2.O««.106
8.0518,425
C.4«l,001
IB.021.674
18.793.roi
15.ir,0.87H
«3.38«
1MI.33U
387.888
8,553.<57
14,829.031
7,774,703
4,418,011
2.70rt
43,314
4,111
23
146
16,890
18,878
774,525
176,880
51,534
30,353
10.037.680
30,910,003
37,601.077
487.31
Bnt.Cornlea
47*.t«8
317.H83
Oth. cjuntr'8
14,940
489.49
887.477
31,900
3,S79.(IW!,
4.514.988
were advanced \ic. Colored cottons were In strady demand,
and the lately-advanced quotations for denims, tickioga,
checks, cottonades, &o., are stiffly maintained by the mill
agents.
Print cloths were quiet but steady on the basia of
8 8-10o. for fllx64i and V^c. for SOxOOs. Printed calicoes were
sluggish in first hands, but more active in jobbing circles, and
prices ruled steady. Ginghams, seersuckers and lawns were
fairly active, and there was a good steady business in white
goods, table damasks, tapestries, scrim curtains and damask
of cotton hosiery
1884-83.
isro-se
18eS-8«.
1884.83.
Avt. 94 to jtug. 83 to Aug. 84 t/> .4u«. OSto Aug. 84 to Aug.
to
Feb. 20.
Feb. 81.
Feb. 21
Feb. 20.
Itb. !W.
Feb. 81.
I8B5.8e.
converters and azporters, and prices of htDx E<ut«ni
and
Southern brands ruled very Arm. Bleaobed goods war«in light
request, but steady in prioe, and leading make* of
sateeiw
table cloths, while agents continued to
Cbm.
Wh4<U.
Hour.
279
891,971
814.48.S
44.083
68,03.1
make liberal
deliveries
aad spring underwear in execution of back
orders.
Woolen Goods.— The
Domestic
general market for woolen
goods has been rather more active, and there was a firmer
undertone in clothing woolens than has existed of laie. Fair
orders for heavy cassimeres, worsteds and overcoatings were
placed by the clothing trade, though there was rather less
snap to the demand than could be wished. Satinets continued
and desirable makes are firmly held by agents.
Kentucky jeans and doeskins were distributed in moderate
quantities, and leading makes continue firm in price. Cloakings and sackings have met with considerable attention, but J
fairly active,
Total....
20.,S80.Hfll
The visible supply of grain, comprising the stoctcs in granary
•t the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, Feb. 20, 1886 :
Wheat,
Oatt,
Oom,
Xye,
Barley,
itore
/it
at—
Hew Yor«
Do
afloat
bush.
7,586.423
buMh,
1,833.580
522.837
584,000
233,500
40,000
99,933
35.500
4,975
121,523
83,00U
15,000
22,581
104,535
161.400
100,500
201,440
379,079
279,302
144,241
18,233
170,689
Albany
500
BqUUo
2,987,202
471.207
14,356,669
79,852
3.770,853
90,50J
5,60i,705
124,521
2,062,459
2,208,873
225,000
1,999,8^6
129,000
257,284
402,143
554,524
796,086
2,371
151,800
718.102
l)o
afloat
OUoafto
Do
afloat
Milwaukee
Do
afloat
DDlath
Do
afloat
Toledo
Detroit
Oawego
at.I«ul8
Clnelanatl
Boston
Toronto
Montreal
PhlladelpUa
Peoria
Indianapolis
Kansas Cltr
•
241,007
253,836
143,400
74.527
7,197
256,113
14,000
208,569
120,141
102,442
179,378
81,140
43,792
oiebo
23.663
40,000
423
5,895
50,775
254.627
103,912
83,000
41.815
192,4f4
5,142
1,510
500
'86. 52.841,839 8,887,578 1,997,150
639.052
'86. 63,565.170 8.177.003 1.861.362
700,162
'85' 43,035.392 5,486,4112,317,933
474,786
'84* 31,474.951 14,407,901 5,524.558 2,317,230
24, 'SS* 22,509,914 11,528,958 4,165,220 1,647,163
1.570,935
8',i9,081
MlnneapoUs
Mississippi
Feb.
Feb.
Feb.
Feb.
Feb.
i'.iei
1,896
32,743
"e'lO
Baltimore
Tot.
Tot.
Tot.
Tot.
Tot.
13,857
181.445
115,000
1,461,175
14,000
106,749
900
biisK.
2.709
5,739
8t.Paul
Down
2,754,529
463,285
4,349
bueh.
butK.
7.'?3,81l
6,732,799
1,112,000
8,427
12,725
20.
13.
21,
23,
l,«3i>.4l0
1,381.550
2,261,198
1,556,849
Minneapolis and 8t Paul not Inoladed.
light.
Soft-wool dress fabrics, ladies
all-wool cashmeres, serges, homespuns, &c,,
were distributed freely, and a fair business was done in Jersey
cloths and light-weight stockinettes. Flannels were in moderate request and very firm, and some fair-sized transactions
cloths, tricots,
were quietly effected. Carpets were in steady demand, and there was a good deal of inquiry for wool hoaiery
and heavy underwear by early buyers.
Foreign Dry Goods.— Importers continued to make liberal
in blankets
deliveries of dress goods, worsted suitings, &c., in execution
of back orders, and a fair distribution of foreign goods
generally was made by leading jobbers. Silks were mostly
quiet in first hands, but prices remain steady, and some
makes of ribbons have slightly appreciated. Housekeeping
and fronting linens were in light demand but firm, and there
was a moderate business in white goods, laces and embroideries.
Men's-wear woolens were more active in movement
than demand, large deliveries of worsted coatings, &c., having
been made on account of back orders. Hosiery and gloves
were in fair request at unchanged prices.
Importations of Drj Good*.
The importations of dry goods at this port for the week
ending Feb. 25, 1886, and since Jan, 1, and the same facts tat
the corresponding periods are as follows:
6.
P. M.,
t. §32
sg
JBtl
S
THE DRY GOODS TRADE.
New York, Friday,
S.
mission merchants and importers anticipate a fair supple,
as soon as jobbers' stocks have been reduced
to the replenishing point.
The tone of the market continues
very strong, and some additional makes of staple and fancy
cotton goods have been advanced by the mill agents, because
of restricted production caused by recent strikes, and the
increased cost of labor at the manufacturing centres in New
England and elsewhere.
Domestic Cotton Goods.— The exports of cotton goods from
ttils port during the week ending Feb.
33 aggregated 3,113
packages, 1,544 of which were shipped to Great Britain, 668
to Brazil, 247 to U. S. of Colombia, 151 to
Argentine Republic,
141 to Uruguay, &c., making the total shipments since Janu
ary Ist 85,081 packages, against 38,953 for the same period in
1885 and 18,004 in 1884. Brown cottons were only in moderate
demand by jobbers, Ibut some good-sized lots were taken I
y
s: I
|:
S-
February 26, 1S86.
;
;
The most important feature of the market during the week
under review was increased activity in all departments of the
local jobbing trade. There was a continuous influx of retail
buyers from all sections of the "West and South, and their
purchases of goods adapted to the coming season were liberal
in tne aggregate amount. Southern retailers are somewhat
cautious because of indifferent collections, arising from the
low prices obtainable for some of the products peculiar to the
South, but distributers from other parts of the country are
taking hold with a degree of freedom denoting ample cocfi.
dence in the business situation. The demand at first hands
was less active than of late, but there was a good steady
movement on account of previous transactions, and both commentary demand
averaged
selections
:
I
:
.
'
I
:
•
.
IfflFI
§i
3
•
%
ei
:
i
o
•s:
M
00000x01
CO
OS
o»
-JOS
to
CO
tOOIMM*.
ODODM-^*.
l».tOUMCI<
i»>a.-jcjo
coiocio;/«c;i
ifk,
>0
b
WW
h3
K)
M to W
rf».
10
kOCO^CnC^ \^
o
p«pcoos«|E.
"
T-rf^bb'tfl
t-a^to^
K». c;i
QCW
Vli.
178,941
71,244 91,164
172.640
99.430
a,.-.
00
C M K) yt
-
eO4k^C0O<
.k)
^
00
§
00»^^CDO<
coco
p
To
rfk.
o> W_-110 00
OtCobf^'iO
28.537
5.044 1,822 4.053 3.561
c
Mtocecou
00 to
cn-^^uco
OS C3 3:
^
H-wpSplO
O-WOSC CO
cn -£ CD
A to
CntoaOJifc'
QO
cob^Vb
QCCOUiODQ
-'I*-'
*^C>'CC-^iU
to 10
b
MtOMtOM
b'^c*-b
COS
OOiMtCii-
25,074
MOcstao
419 166 391 567
jj
If)..
H*
if^
I— to
U
gcjtoMcs
t-i i"'
CO
."8
w w
COCOOA'^
'tea
co;>*aoo:co
OS*,
§2
wwcs
107,645 198,139
140,835
OC;«OdKi,:ow
*l^b»bV:QO
bio OS cob
CO 1^ X OD O
cc to to 06 a
75,616
79.3.'!6
00
K- iftnUl-- .0
*>i»O^t0
1—
u
00 01
Ik
-400
-4 ^
CDro^so»'-.D
w*»^>-*w»o
C-,
CI
OOM
^—
-OiCSi^OS
CO
»
sb
Qjocacooi
cooa-^MO
p
^1
w
»4
Pyipf-T*
Os'jD^-'to'r)
ca to
-^i
w
t
I
CD>«^ODa-vJ
OSCJtj^tO^a
I
C -J c - to
CO'>'^'ik^
lOO^QO'^
I
I
'
r
twyioor
D»5
aw^ioeo
^»;^*>to
ioi^tobb
OO^ODCiui^
g>
y 9 p >3
oog.
u
'
..
THE CHKONICLE.
280
^xnst ^amptmUs.
(^ompmiUs,
Strttst
^tt0V'UeiJS.
William
United States Trust Co. The Brooklyn Trust Co.
OF ySW YORK.
No. 49 TTAI^Ii STKEET.
Capital
and Snrplas,
This company
into court,
and
Is
is
-
$6,000,000
alegaJ depository for moneys paid
authorized to act as guardian or
INTEREST ALLOWED ON DEPOSITS,
which may be made at any time, and withdrawn after
five davs" notice, and wili Ije entitled to interest for
the whole time they may remain with the company.
Executors, administrators, or trustees of estates,
and females unaccustemed to the transaction of business, as well as religious and benevolent institutions,
will find this company a convenient depository for
JOHN A. STEWAKT, President.
money.
WILLIAM H. MACy, Vice-President,
JAMBS S. CLARK, Second Vlce-Pres't
TRUSTEES:
Ijobn H.Rhoades,
Dan. H. Arnold, iW. W. Phelps,
Willis James. 'Anson P.Stokes.
Robt.B. Minturn,
Charles E. Bill, John J Astor,
Stewart,lGeo.
H. Warren,
John
A.
Wilson G. liunt,
Wm. H. Macy, S. M. Buclt'gham Geo. Bliss,
H. 15. Lawrence, William Libbey,
Clinton Gilbert,
Daniel D. Lord, Isaac N Phelps, John C. Urown,
Erastus Corning, Edward Cooper,
Samuel Sloan,
8. B. Chittenden, W.Bay'rdCuttlng
James liOW,
Montague & Clinton
Brooklyn, N. Y.
This Company Is authorized by special charter to
act as receiver, trustee, guardian, executor or adCor. of
ministrator.
It can act as agent in the sale or management of
real estate, collect Interest or dividends, receive
registry and transfer books, or make purchase and
sale of Government and other securities.
Religious and charitable institntions, and persons
unaccustomed to the transaction of business, will
And this Company a safe and convenient depository
RIPLEY ROPES. President.
for money.
W. CORLIES, Vice-Pres't.
TRUSTEES;
Wm. H. Male,
Ripley Hopes,
Mich. Chauncey, B. W. Corlies,
Pieirepont Abram B. Baylis
Wm. B. Kendall.U. E. Ross
CpmtAN. Secretary
Jas.
Ruction
j
STOCKS
Chas. 8. Smith.
L. THORN KLL, Secretary.
G. HAMPTON, Assistant Secretary
SALES
Philadelplila, Pa.
Bkfebences:— The Trust Companies, The Nations
Banlts and Railroad Companies in Philadelphia, and
the Judges of any of the Courts.
PRACTICES IN ALL THE COURTS,
Oorporation and Oommereial Law a Specialty,
Refers to Judges Stephen J. Field and Wm. B
Woods U. 8. Supreme Court. Waatiincton. n C.
M&Vim&Mxfs,
BONDS
ONLY
REGULAR AUCTION
Direct Line to
WEDNESDAYS AND SATURDAYS.
CAPITAI., -
SURPLrS,
ADRIAN
No. 12
$1,000,000
¥2,000,000
-
Authorized to act as Executor,
'Guardian, Receiver, or Trustee, and
H.
MVLL-ER & SON,
PINE STREET,
NEW YORK.
BQFITABLI! BCItDINO
)
is
A. M.
THE
Special Train ft-om
Financial Review.
R. T. Wilson,
Wm. F. Russell,
188 6.
8. T. Fairchild.
C. D. Wood,
James N. Piatt,
H. Frothingham,
George A. Jarvis,
I.
D. C. Hays,
0. Vanderbilt,
James Forsyth,
George Cabot Ward,
Edward King,
A. A. Low,
G. G. Williams,
B. B. Wesley,
D. H. McAlpin,
Qeoree B. Carhart,
Henry Stokes,
J. B.
'Bobert
(ANNUAL.)
Jamei M. McLean,
Ambrose C. Kingsland,
James H. Ogilvie,
Johnston,
Edward
Amasa J.
Samuel
Lenox Kennedy, Geo.
c.
Parker,
F. Barger,
Magoun,
FINANCIAL INFORMATION
EXECUTIVB COMMITTEE:
Wm. Whitewright,
James
J. B.
M
McLean.
Johnston,
I<OI7IS
OP
Schell,
CONTENTS:
G. G. Williams,
E. B. Wesley,
CD. Wood,
D. C. Hays.
KING, President,
JAMES M, MoLBAN, First Vioe-Pres't,
J 4MB3 H. OOIL VIE, Second Vloe-Pres't.
A. O. RONALDSON, Secretary.
EDWARD
Retrospect of 1885.
mercantile Fallnres.
AND
613
PHILADEE.PBIA.
Authorized Capital
^1,000,000
Paid-up Capital
600,000
Acts as Executor, Administrator, Assignee, etc.,
and executes trusts of every description xnown to
the law
All trust assets kept separate from those of the
Company.
Burglar-Proof Safes to rent at t5 to WO per annum.
Wills kept in VaulU without charge.
Bonds, Stocks and other valuables taken uader
guarantee.
I^aintings, Statuary, Bronzes, etc., kept in Flre-
Proof Vaults.
The inoner
ITIarket—
a„.Inlluence6, and Prices of Call Loans lind
Commercial Paper since 187S.
Gold and SilverProduction, Consumption. Exports and Imports of Gold and Sliver in the United
States and abroad.
Foreign ExchangeMarket and Prices
Compound
Dr. (ieorge W. Ilelly, Harkisditro, Pa.; J. Simpson
Africa. HlT.NTlNGDONi Henry S. Bokert, REAniNO:
Edmund S. Doty, Miffllntown; W. W. H. Davis
DoYLESToWN! B. E. MonaghaR, Wkst Chkstkr,'
Chas. W. Cooper, Allentown.
PAID UP CAPITAL,
New York.
l$l, 000,000.
Designated as a legal Depttsitory by (jrder of Supreme Court. Receive deposits of money on interest,
act as tiscal or transfer agent, or trustee for corporaand accept and execut« any legal trusts from
persons or Corp iratlons on as favorable terms as
other similar companies.
tions,
NET.
%
SAVINGS BANKS
^
CAPITALISTS,
I
have several long-time
(loo years)
Jyoereenf
Net investments from $io,ooo to $250,000,
secured by Chicago Real Estate. Security
most satisfactory.
They are equal to U. S.
Bonds as to certainty of payment, and largely
;
better as to rate of income.
Interest payable
quarterly.
Very desirable for a permanent
investment; with certain and legular income.
BROKER,
BOX 536,
CHICAGO, lUINOIS.
P. 0.
SECURE BANK VAULTS.
1870-1885.
Interest Table, Showing AccuMoney In a Series of Years.
mulations of
on Securities Purchased at
Realized
dlft'erent prices
(without regard to date of maturity.)
Stock Speculation in New York.
United States Debt and Secnrltles—
Debt of the United States, 1791-1885,
Prices of U. S. Bonds, 1860-1885,
State Debts and SecuritiesState Debts and Immunity from ProseoutiOD.
Prices of State Securities, 1860-1885.
Railroads and their Secnrltles—
Railroad Statistics of the United States
Railroad Earnings.
Prices of Railroad Bonds, 1881-188.'>.
The New York Stock Market. 1881-1885.
Prices of Railroad Stocks, 1881-1885.
Metropolitan Trust Co.,
Mills Building. 35 Wall St.,
New York,
T»We Showing the Rate Per Ceut
PATTERSON,
Trust Officer.
iJIBECTORS.—Jame? Ix)ng, Alfred S. Gillett, Joseph
Wright, Dr. Charles P. Turner, William 8. Price,
John T. Monroe, W.J. Nead, Thomas II. Patton.John
G. Beading. Wm. H. Lucaa, D. Hayes Agnew, M. D.,
Jos. I. Keefe, Robert Patterson, Theodor C. Engel,
Jacob Naylor, Thos. G. Hood, Edward L. Perkins
Phii.adklphia; Samuel Kiddle, Gle.v Riuble, Pa j
Agent,
No. 6 Bonrllne Green.
Investments and Specnlatlon-
Money received on deposit at interest.
JA8. LONG, Prea't. JOHN O. BBADINO, V.-Pres't
MAHLON S. STOKES, Treasurer & Secretary.
D. B.
in
DB BEBIAN,
AND
United States-Foreign Commerce, Trade
Balance, U. 8. Exports and Imports of
Leading Articles. London—Review oJ
year, Bank Returns, &o,
Co.,
CHESTNUT STREET,
to Paris.
5
United States— National Bank Figures and
Currency Movements.
New York Citv—Bank Returns, Ac.
Commercial611
Havre
pttBC^Hatie^tts.
Banking and FinancialLondon— Money Market and Bank Returns
The Union Trust
LA CHAM.
The Compagnle Generale Transatiantique delivers
at its olHce in New Yorii special train ticiiets from
Havre to Paris. Baggage checlied through to Paris
without examination at Havre, provided passengers
have the same delivered at the Company's dock in
New Torli, Pier 42 Nort.h River, foot of Morton St.,
St least two hours before the departure of a steamer.
A YEAR BOOK
R. G. Remsen,
9.
Pkick op Passaok (InciudinK wine).— To HavreFirst cabin, »100 and $80; second cabin, »80: steerage, $22— including wine, bedding and utensils. Return ticiiets at very reduced rates. Checlta on Banque
Transatiantique, Havre and Paris,in amounts to suit.
[KOW READY.]
TRUSTEES:
Henry A. Kent.
From Pier (new) 42, North River, foot of Morton 8t
Travelers by this line avoid both transit by Knglish
railway and the discomforts of crossing the Channel
in a small boat.
CANADA. Padel
Wed., March S. 3 P M.
LABH ADOlt. 1'. d'Hauterive.Wed., Mcb 10. 8 A.
M.
ST.
A IN, Boyer
Wed., Mch. 17, 3 P.M
ST. LAURENT, De Jousselin..Wed.. Mar. 24, 9 A.M.
The next sailingsof LA NORMANDIK, De Kersablec, April 7, at 7 a.m.; May 12. IP. M; June 18. ,1
LA BOURGOaNE, June
PAGNB, June 23.
A LEGAL DEPOSITORY FOB MONEY
Wm. WhitewTlght,
GENERAL TBa"nSATLANTIC CO.
NEW YORK and HAVRE,
Between
GERM
Administrator,
Accepts the transfer agency and registry of stocks,
''and acts as Trustee of mort^^igea of corporations.
Allows interest on deposits, which may be made at
anytime, and withdrawn on five days* notice, with
Interest for the whole time they remain with the
company.
For the convenience of depositors this company
also opens current accounts subject, in accordance
with its rules, to check at sight, and allows interest
optm the resulting daily balances. Such checks pass
through the Clearing House.
France.
of all classes of
ON
73 Broadway, cor. Rector St., N. T.
A. Angier,
E.
Attorney and Counselor at Law,
ATtANTA, GEORGIA.
Union Trust Company STOCKS AND BONDS,
OF NETT ¥ORK,
Law
M>nX&s,
and
The Undersigned hold
Porter,
Corporation, Transportation and Commercial Law.
At Auction.
HENRY
LOUIS
Henry K Sheldon,
C.D.Wood,
Henry Sanger,
W.
Attorney and Counsellor at
No. 623 WALNUT STREET,
EDMUND
E. F. Knowlton,
Josiah O. Low,
Alex. M. White, John T.Martin,
Fred. Cromwell,
A. A. Low,
JobnP. Holfe,
Alex. McCue,
Thomas Slocomb.'D.
.
sts.,
Xtn.
[Vol.
Price ol the ReTle<.r, bound In cloth, • S'i 00
To Chronicle Snbscribers (one copy onlr) 1 00
Pontage (when sent by Mail) - - - 10
WILLIAM
B.
DANA A
CO.,
PUBLISHERS,
THOMAS HILLHOUSK, President.
'!
V
;
V!!'H u
«;!>',
N'-.v
WELDED CHROME STEKLAND IRON
In
Botmd and
SAFES, VAULTS,
Cannot be Sawed, Cut or
Drilled,
&0.
and practloallT
Burglar Proof.
CHROITIE STEEL W^ORKS,
Circulars Free.
BROOKI-YIV,
ESTABLISHED
N. Y.
18S5.
E.ngrene R. Cole,
STATIONER AND PRINTER.
Supplies Banks. Bankers, Stock Brokers and Ct-po
rations with complete outllts of Account Boots an*
Stftt loHGrv
XW~ New'concerns organizing will haye their order
promptly executed.
No.
Vork
Flat Bars, and 5 ply Plates and Angles
FOB
1
WILLIAM STKEET,
.
Fkbrcary
THE CHRONICLE.
27, 1888.]
rH
%u8VLvn.nct*
Insnvfttice.
<i!P0ttott.
the:
MUTUAL LIFE
OFFICE OF THE
A
INSURANCE
TL A.NT
I
C
OF NEW ¥OKK.
CO.
R. A.
MoCURDY,
ISSXrSS
SVERY DEBOBtPTION OF
President.
Rates Lower than other Companies.
ORGANIZED APRIL
NEW YORK,
January
'23,
1886.
The Trustees, In conformity to the Charter of
tbe Company, Biit)mlt the following Statement
of lt» affiilrs on the 31st December, 1885:
Premiiiniaon Marine Risks from
Ist January, 1883, to 8l8t
$3,856,618 66
Deceml)er, 1885
Premluiuiion Piilicles not marked
1,339,525 10
ofl Ist January, 1885
Premiums marked
off
$5,196,143 76
from Ist
Jannary, 18S5, to 31st Decem$3,770,094 30
ber, 1885
Losses paid during
period
Ketoms
the
same
$776,712 42
The Company has the following Assets,
United States and State of New
York Stock,
City.
January
1,
1885
$58,161,925
10,483,617
15,003,480
Income
in 1884
Paid to 'i'olicyholders
last 25 years
81,072,486
ISSUES
INDISPUTABLE ASSURANCES
$12,740,3;6 46
IN
Insurance Co.
THE CITY OF NBIV YORK.
The certificates to be produced at th»
payment and canceled.
A DIVIDEND OF FORTY PER CENT
la
declared on the net earned premiums of the
Company, for the year ending 31»t December,
1885, for which certificates will be Issued on
and after Tuesday, the 4th of May next.
By order of the Board,
H.
J.
(ORGANIZED IN
CHAPMAN,
T.
C. P.
BB08NAN,
H.
Adolph Lemoyne,
Robert
B
Mlntarn,
Charles H Marshall,
Frederick H. Cossitt,
Williara Bryoe,
W
James Low,
All the profits belong to the Policy-holders ezclu-
A. A. Raven,
Win. Sturgis,
Field,
Charles
D
,
Horace Gray,
William E. Dodge,
William H. Macy,
C. A. Hand,
John D. Hewlett,
William H. Webb,
Anson W. Hard,
Charle* P. Burdett,
Thomas Maltland.
George
Bliss,
Henry E. Hawley,
Isaac Bell,
Edward Floyd -Jonea,
W. H. H.
A. A.
MOORE, 2d
RAVEN, 3d
Vloe-Pres't.
Tlce-PresldenL
;
Honnea.
by this (Company are indispct-
COMMERCIAL MUTUAL
Brinckerhoff, Turner
&
WALL
STRBBT.
NEW
COTTON S AILDUCK
Andall klndsof
MTTON CANVAS, FELTING DUCK, CA»
OOVBRING. BAGGING. EAVBNS DUCK. SAIL
TWINBB, Ac.. "ONTARIO" BBAMLBSB
BAGS, "AWNINO STRIPliS.
Also. Agents
UNITED STATES BUNTING
A full lapply, all Widths and
No. 109
1
.
188«
00
00
71
98
$71 2.253 69
W. mVl.VO (;O.MES. President.
HenrtD. Kino. Sec. Wai.vwhighi Uari.ik. v. p.
ly This Company issues Ce tiflcates of Insurance
LONDO.V.iit
BKOWN. SHIPLEY *CO.
its
Bankers,
.viessrs.
Bliss,
DoBne
gatsc«UattC0ttB.
Fabyan &
BROITN
BLEACHES SHIRTIN«.
AND SHEETINGS,
Ac
PRINTS. DKNIMS, TICKS. DOCKS. ACr
Towels, Qallts,^Ylilte Goods & Hosiery
<te..
fnr Krvnrt TViuia.
ISEW YORK
WARREN, jrONES
Moist Letter Copying Book.
ST. LOUIS,
1878.)
ALWAYS READY.
106
iSole
LIBERTY
ST.,
Mo.
Bamtac
IMPORTERS OF
IRON COTTON TIES.
Mannfactnrer,
NtW YORK.
In the use of " This Book," the great annoyance of
water, brushes, cloths. Ac. Is done away with— the
book is ready at all times t<i copy any number of letters at once. Parties using same pronounce it the
very thing they want; the copies are clear, distinct
and uniform.
Prices Redneed.
& ORATZ
tfanataotoTSn' Asenta for the sale of Juts
CNIFORin COPIES. SAVES TIIHE.
NO WATER. NO BRUSH.
FAKGO,
Co.,
York, Boston, Philadelphia,
SBLLINO AGENTS FOR LKADING BRANDS
BAGGING.
THE
E. L.
Street.
New
Drillt, Sheetings,
(Patented November 28th.
OOS-
Colors, always In ItlMK^
VORE.
United States Securities
$189,865
Bank Stocks of New York City Banks.... 10A8»?
CI. y and other Stocks and Bonds. Loans
and Cash ill Banks
842,653
Premium Notes, Gash Premiums, Re-lnBUiance and other Claims
77,496
Total Assets Jannary
Co.,
Mannfaotnrara and Dealers in
INSURANCE COMPANir,
Corllea,
JOHN D. JONES, President.
CHARLES DENNIS, Vice-President.
RinRXNCKS.— National Bank of Aognsta. Oa
Co.. Commission Merchants. N««
William B. Dana A Co.. Proprietors CoUMSBOLAL A FiMANCLaL Chbonicli. and other New York
York
IHARINE AND INLAND INSCRANCE
William D. Morgan,
COTTON
years.
all others, the Insurance remaining in full force
during the grace.
Absolute security, combined with the largest liberality, assures the popularity and Bucceas of this company.
GOOD AGENTS, desiring to represent the Company, are invited to address J. S. OAFFNBY, Super.
Intendent of Agencies, at Home Office.
Leverloh,
Thomas B Coddlngton John L. Riker.
WlUlkm Degroot,
N. Denton Sinlth,
OEOROIA.
SPINNERS and UJCPORTSRa.
Henry Henti A
on
John Elliott,
James Q. De Forest,
Joslah O. Low,
for
One month's grace allowed In the payment of
Premiums on Tontine Policies, and ten days' grace
loases payable in
Cargill,
COKRKSPONDENCI SOUOITBD.
ASSETS.
J. D. Jones,
Charles Dennis,
H. H. Moore,
&
Entire attention given to purchase of
TO ORDER
President.
Blvely.
All Policies issued
COTTOIV BROKERS,
BEAVER STREET, NEW^ YORK
AIJOtrSTA,
York.
Fraxiioh, Sec'y. A. Whiklweuoht, Asst Sec.
O«o. H. BURFOKD. Actuary.
Secretary.
TR178TEES:
on eommiMlon.
1860.)
& 263 Broadway, New
261, 262
42
Edmund W.
OonfllKnmenta of Cotton. Ooa*
oracU for Fotnre Dellrerr of Cotton bought ft»d
sold
CX)TTON BROKERS,
tine.
H
COTTOIV.
AdranoM nia4« on
Alexander
on and after Tuesday, the 2d of February next
of
NEW YORK.
(8
States Life
Ail Death Claims paid WITHOUT discount as soon
as satisfactory proofs have been received.
This Company issues all forms of Insurance, Including Tontine and Limited (Non Forfeiting) Ton-
THE OUTSTANDING CERTIFICATES
ST.,
The United
SIX PER CENT INTEREST on the outstanding certificates of protlta will be paid to the
holders thereof, or their legal lepresentatives,
the Issue of 1881 will be redeemed and paid to
the holder* thereof, or their legal representatlTea, on and after Tuesday, the 2d of February
next, from which date all Interest thereon wllj
PEARL
WALTER & KROHN,
ABLE after three
Benjamin
141
PROMPT PAYMENT OF CLAIMS.
Bank and
Amount
time of
Henry M. Taber& Co.,
during
THE SOCIETY
viz.:
$9,034,685 00
otherStocks
I,oans secured by Stocks and
otherwise
1,438,600 00
Real Ectate and Claims due the
Company, estimated at
530,000 00
Premium Notes and Bills Receivable
T
1,508,143 5?
Cash in Bank
228,897 88
CO.,
NORFOLK, TA.
Premiums and Ex-
of
penses
cease.
KURE, FARRAR *
BROADWAY, NEW YORK.
120
AND MAKES
$l,91f>.020 67
&
Farrar
Jones,
PEARL STREET, NEIT YORK.
IS3
LIFE ASSURANCE SOCIETY,
Surplus at 4 per cent
Premiums
Total Marine
New York
Liberal advances made on Cotton conslgnmentA.
special attention given to orders for oontraets fo r
rutare delivery of <'otton.
EQUITABLE
Assets,
Co.,
SPMlal attention given to the pnrsbasa and §•!• of
Pntnr* Contraota
In N«w York and LlTarpooi.
14, 1842.
$103,876,178 51
Aflsets, - -
&
Cotton CommlHBlon HerchAnts,
Ootton ExehanKC BalldlnK«
LIFEdtENDO WMBNT POLICIES
Mutual Insurance Co.,
Robert Tannahill
Sand for Prle«
Ll«l.
JOSEPH CI LLOTfS
STEEL PENS
Soto Sr ALL DEALERSTmrouomoutThc WORLD
COLO MEDAL PARIS EXP0SITION-IB7B.
,
THE CHRONICLE.
TUl
1
8 Excliange Place
W.
INMAN,SWANN&Co
NEW YORK.
\OiJXa
MADB ON
14
P. Eateh.
Arthur M. Batch.
&
T. Hatch
Sons,
BANKERS,
NASSAU STREET, NEW YORK.
BRANCH OFFIC.S j 1 3§ «*„"«^«^X';."Ha\-i,
COTTON MERCHANTS,
ACCHPTABLiIll BKCURITIB8.
SPWnAIi ATTBNTION TO OBD»B8 FOR CONTBACTS
roB FUTUB« Dklivibt of Cotton.
OOTTON, ALL ORADBS, SUITABLB TO
of 8pinnbb8,
Offered o» Tbrms to 8uit.
&
Henry Hentz
Eenry
Walter T. EcUeh.
IfatVl W. T. Ealeh.
Stillman,
MEKCHANTS,
ro8t Building, 16 &
27, 1886.
^tscellatijeaus.
Rattan,
<£>0tton.
Woodward &
[February
Personal attention given at the EXCHANOBS to
the purchase and sale of STOCKS and BONDS for
cash or on margin.
DEPOSITS KKCEIVBD— subject to cheek at slgM
—with Interest upon balances.
Special attention paid to INTB8TMBNTS
sooounts of CO0NTRY BANKERS.
Neiv York.
WANTS
&
Gwathmey
ud
Bloss,
COMMISSION MERCHANTS,
Co.,
COMMISSION MERCHANTS,
Sonth WUllam St., New York,
WOKVUTS 0BDBR8 FOR FUTURB DBLITBBY
G. E. Staenglen,
PEARL
123
No.
NEW
ST.,
TOEK.
8
COTTON
tfteNBW YORK, LIVERPOOL AND NBW
ULANS COTTON BXCHANGK8.
COFFEE
NBW YORK COFFEE EXCHANOB,
NEW YORK, NEW
OR-
AGENT FOB
Also orders for
t tbe
and
ORAIW AND PROVISIONS
YORK PRODUCE EXCHANGE
M the NBW
the CHICAGO BOARD OF TBADB.
Correspondents
Messni. 8mltta, Edwards
&
Co.,
and
ORLEANS,
New
Authorized Capital, B. M. 20,000,000.
Cotton
Co.,
BRO'S,
&
Schroeder
G.
Co.,
WARE & SCHROEDER.
COTTON COMMISSION MERCHANTS,
Successors to
Cotton Excliangre Building,
Factors
NE\r YORK.
AND
COMMISSION MERCHANTS,
John l. Bullard.
Hbnry H. Wheeler.
EXCHANGE PLACE,
Wheeler,
Bullard
3MMSSRS OF IBE OOTTOif, COFFEE AND
PRODUCE EXOEANOBS.
COTTON COMMISSION MERCHANTS
&
No. 40
Br>.TOWN OFFICE, No. 204 CHURCH BTRIOI
NEW
Nevr York.
Id
:
sanftCo.
nbw
&
Co.,
'!
fid Liverpool.
FRANCIS
Hanemann&
PEARL
New
&
OnsTAVus
C.
BMabllahed an Tontine Bnlldins)
& Co.,
COTTON
Sec'y Local Dep't
Company
$4,000,000 00
for nnpaid losses
and re-Insurance fund
Liabilities
No. 3 Cortlandt
JAS. A.
New
St.,
ALEXANDER,
North
&
$0,200,096 66
Obdkbs fob Fctckb Contracts Executed in
New York
ani> Litxbfool.
Mercantile
COMMISSION MERCHANTS,
I.IVEKPOOI,,
Receive consignments of Cotton and other Produce,
and execute orders at the Exchanges in Liverpool.
Represented in New York at the office of
BABCOCK
S8 Nassau Street.
.
Price,
1840.
Reid
&
Co.
Ins.
LONDON AND EDINBVRGB.
8. Branch Statement
Invested and Cash Fire Assets
Jan.
U.
New
York.
Co.,
& Commission MerchantB
NORFOLK, VA.
1,
1885.
A
^„ „
$1,153,0W H
l™'Ss K
$3,301,747
LIABILITIES.:
Reserve for Unearned Premiums.
Reserve for Unpaid Losses
Other Liabilities
Met Sarplns
BABCOCK&CO.
D.
VorU,
Asent.
British
. . .
SAM'L
N. Y.
2,057,776 24
3,202.320 41
Netsurplus
OF
COMMISSION MERCHANTS,
COTTON EXCHANGE,
COTTON BROKERS,
PEAFL STREET,
BUKKB.
OF HARTFORD.
Hopkins. Lucros Hopkins Smith
Charles D. Millxb.
IT Water Street,
PEARL STREET, NBW YORK
No. 113
FUTUBE CONTBAOTS.
Hopkins, Dwight
B. F.
Co.,
J ames F. Wenman & Co
Orleans, La.
NEW YOBK.
OOTTON BBOKEE8,
>S4
P.
iETNA
Co.,
GRAVIER ST.,
New
OF OKDEB8 FOB
STREET.
Geo. Copeland
ST., 186
York.
Tainter,
COTTON MERCHANTS,
I.
President.
C0NTEACT8 OF COTTON.
New York.
8ELMA, ALA.; MONTGOMERY, ALA.
SHjero of Cotton for a Commission
Orders for Future Contracts executed In New York
^
PEAR
14.342,430 89
Assets Jan. 1, 18S6
Cotton Commission Merchants,
B«. 19 SOUTH triLLIAM STREET
**!?^Jr
.1,0^4.888 8T
$3,301,747 61
Losses paid In U.
B. tn 18
years
.
.813,31 0,33'i 00
8. Branch Office, 54 Willlam St., N. T.
OHAS. E. WHITE, BAM. P. BhAQBES,
U.
Managers.
JAS. F.
DUDLEY,
Supt. of Agencies.
Commercial Union
Assurance
Co.,
limited,
Oottou Brokers
F. Hoffmann,
Liberal advances made on Cotton oonsignmentfl.
Speotal attention given to the sale of cotton to
COTTON BROEaiR AND AGENT
aniTe or tn transit for both foreign and domestic
marKt
Correspondence solicited.
n RITE DK LA BOITRSE, HAVRR
Dennis
Perkins
FELLOWES, JOHNSON & TILESTON,
Co.,
ts.
&
COTTON, STOCKS, BONDS, Jkc,
88 WUXJAM STREET, NBW YORK.
* im in " Fulurw" •zmnted at N. Y. Cotton Hzoh.
'
WM. R. CROWELL. Vice-President.
PHILANDER SHAW, Secretary.
WM. CHARTERS. Assistant Secretary.
YORK.
Special Attention Giybn to thb Exbcution
York.
!
2,390,085 V*
287,887 87
640,»91 18
STEPHEN CROW^ELL,
(FOR BALING COTTON).
133
16 and 18 EzchanKe Place,
OT
Reserve for unearned premiums
Reserve for unpaid losses
Netsurplus
Capital
COMMISSION MERCHANTS
&
statement of
Advances made on Cotton Consignments and Special
Attention given to purchase and sale of FUTIJRK
Mohr,
Ain>
John C. Graham
195 Broadway, New York City,
Company 1st Day of Jan., 1885.
CASH CAPITAL
11,000.000 00
Office,
BAGGING AND IRON TIES,
COTTON FACTORS
Post Butldinq.
Phenix Insurance Co.
OF BROOKLYN,
Insurance
& Gwynn,
Waldron
CO.,
inONTGOinERY, ALA.
ALSO
Offers executed at the Cotton Exchanges in New
-Y(Hk and Liverpuul, and advances made on Cotton
other produce consigned to us, or to our corresoodents In Liverpool
Messrs. L. Rosenheim &
Bods and A Stern & Co.; In London, Messrs. B. New-
Fielding
&
H. CL,ISBT
Cotton Brokers,
Montgomery Ala.
LEHMAN
York.
PCROHASB ONLY ON ORDERS FOR A COHMISSIOa
Faid-Up Capital, B. H. 6,000,000.
Lehman, durk &
Orleans, La.
New
JOHN
In
Liverpool; >lso for Grain and Pro
COTTON BUYEE8,
;
Lea McLean, New Orleans.
^iBMAN, Stern & Co.,
New York and
Tiaions in
COTTON COMPANY OF STUTTGART.
IrfTerpool.
Jas.
Orders for future delivery of Cotton executed
COTTON BBOKEB8,
New York.
las Pearl Street,
Orders for Spot Cotton and Futures
exMuted
promptli
of london.
OFFICE:
Cor. Pijte
& William Sts
New
York.
i
I
1
r
1
'
@FedFRASER