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HUNT’S
MAGAZINE,
MERCHANTS’
INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
[Entered according to act of Congress, in the year 1885, by Wm. B. Dana & Co., in the office of the Librarian of Congress, 'Washington, D. C.J r
THE
REPRESENTING
reached
CONTENT8.
251
The Financial Situation
252
Traffic of Chicago & Alton—
Its Changes and Progress ... 254
England and Egy;»t
255
Interests
Suffer
by Building Too^Many Rail¬
roads
Waste by Eire
Monetary
and
English News
a
against $137,165,000
market value of $103,134,000,
year ago.
Outside of New York the total reaches
THE CHRONICLE.
Clearing-House Returns
How Publio
NO. 1,027.
SATURDAY, FEBRUARY 28, 1885.
YOL. 40.
i.
Commercial and Miscellaneous
257
1884,
258
Week Ending February 21.
260
News
$212,321,091 for the
days this year, against $219,827,534 for the five days in
or a decline of 3’4 per cent.
256
six
Commercial
a
1885.
1884.
Per Cent.
Week Ending Feb.
14.
Per Cent
1885.
THE BANKERS’ GAZETTE.
Quotations of Stocks and Bonds 263
Money Market, Foreign Ex¬
change, U.S. Securities, State
and Railroad
Stocks
Bonds
N. Y. Local Securities
and
—
261
Range in Prices at the N. Y.
Stock Exchange
262
264
Railroad Earnings and Bank
Returns
265
Investment and Railroad In¬
266
telligence
New York
of—
(.Stocks....shares.)
(Cotton
bales.)
(Grain.. .bushels)
(PetroUuin..bbls.)
-25-8
§510,205,022
-31-5
(1,724,232;
(-0-5)
(2,015,737)
(206,800)
(-*-32*5)
(147,000)
(28,500,000)
(01,753,000)
(-23*5)
(-12*3)
(20,808,000)
(39,531,000)
(-2-5)
(-597)
(-&P3)
(-53 8)
§54,121,349
+3-9
§58,243,357
—u-»
3,875,000
1,303,312
074,112
682,971
650,890
080,293
432,006
-8-2
4,180,500
1,180,445
1,024,703
S05,640
633,918
723,200
4S0.437
—121
§07,344,200
-11-6
§39,079,057
5.909,007
11,071,395
-26-0
§460,053,026
§027,907,271
(1,715,213)
(274,000)
(21,803,000)
(54,137,000)
Sales
THE COMMERCIAL TIMES.
Commercial Epitome
Cotton
276
271 I Breadstuff’s
271
I Dry Goods
277
Boston
Providence
Hartford
New Haven
(Ptromclc.
Thb Commercial
and
Financial
Chronicle is
Portland
Worcester
published in
New York every Saturday morning.
[ Entered at the Post Office, New York, N. Y., as seoond-olass mail matter. I
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do
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WILLIAM B. DANA A Co., Publishers,
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WILLIAM B. DANA
\
s
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Post Office Box 058.
very
adverse weather conditions which have been almost universal.
In northern latitudes especially, where the snow blockades have
made the wagon roads impassable and have interrupted rail¬
road traffic, the check to general business has been very decided.
important cities in the Northwest there was a complete
stoppage to the movements of freight for about two weeks.
The present statement of clearings covers six days for this
At
but.for 1884 there were only five days (Washington’s
Birthday having intervened); therefore no true comparison
between the figures can be made.
The total for the present
week exhibits a decline from that of Feb. 14 of $47,353,934, of
which New York shows $44,151,396 loss and the remainder of
the country $3,205,538. As stated above, the total for last
year is for only five business days, but if to that total we add
one-fifth we would have $1,017,281,766 as the exchanges for
six days, or an increase over the preceding week of $15,557,-
year,
816.
On this basis the decline in 1885 would be 33*3 per cent.
At New York the actual falling off for the week this year
At the Stock
Exchange share transactions have
43*5
46-2
40-7
43-5
-20
§02,481,169
§44,713,091
10,008,813
11,129,034
—8*2
-4P7
§50,902,258
§05,851,533
-13-5
§50,060,119
-22*9
§35,075,058
—8-1
0,048,200
4io-o
430-1
40-0
Columbus
1,143,005
2,294,712
2,231,261
1,371,208
1,953,970
1,010,741
$30,473,588
8,000,750
2,788,320
Cleveland
§32,790,041
7,712,903
2,440,870
2,000,032
1,070,811
1,702,006
019,305
893,6l)S
§49,581,090
§52,035,443
§12,822,708
§14,107,040
472,593
501,990
New Orleans
7,499,405
Louisville
3,733,290
4,009,565
1,315,703
Baltimore
Total Middle....
Chicago
Cincinnati
Milwaukee
Detroit
Indianapolis
Total Western...
St. Louis
St.
Joseph
Kansas
City
Memphis
Total all
§29,853,329
~9*:i
-249
—15-8
-no
-27-3
—4'S
§47,900,061
-18-0
-9-5
§12,521,057
-23-2
15-9
359,487
-5G-0
8,689,754
-13-7
9,233,182
-240
3,880,427
2,010,831
1,070,697
-40
4,800,081
453-0
422-2
3,370,598
1,798,343
415-5
433-0
§30,993,351
-37
$31,539,348
-14-5
43-9
-275
-2P5
-12-9
4124
—
§11,489,197
§8,416,028
-f 30-5
§11,972,242
§078,374,718
§847,734,805
-200
§725,731,052
We have received
40-8
2,168,990
1,199,170
1,002,103
1,199,856
527,573
.
-7-7
-34-8
-22-6
-24-3
—1-8
-4P0
435-1
usual
telegraphic returns from a few
important cities outside of New York for the five days
ended this evening, and give them in conjunction with the
total for this city.
Washington's Birtlida y occurring on Mon¬
day of this week, the figures for 1885 embrace only four busi¬
ness days, against five in
1884. In last Friday's exhibit the
opposite was the case. While in view of the above no fair
comparison can be arrived at, still the percentage of loss indi¬
cated by this year’s returns is smaller than on many occasions
when an equal number of days was included in both years.
And further, if we estimate the fifth day at an average of the
four given, the decline from a year ago would reach only 11*6
per cent.'
our
of the
Five Bays Ending Feb. 27.
1885.
New York
Sales
of Stock (shs.)
Boston
is 25*8 per cent, but estimating and adding the clearings for
Philadelphia
the sixth day last year in the same manner as above, the Baltimore
decline would be 36*4 per cent, or 4*9 per cent greater than on St. Louis
Feb, 14,
+39
-30-2
§04,434,618
Total Southern..
Exchanges have been still further affected by the
+41*0
+12-2
+39
+P2
§41,038,753
5,833,277
10,090,228
Total N. England
Philadelphia
Pittsburg
San Francisco
CLEARING HOUSE RETURNS.
-18-8
43*1
Peoria
Offices in England.
The office of the Commercial and Financial Chronicle in London
Is with Messrs. Edwards & Smith, 1 Drapers’ Gardens, E. C.. where
JOHN G. FLOYD
Springtleld
Lowell
§50,238,770
3,550,900
1,107,867
950,227
760,254
670,349
688,520
449,719
TotaL
1884.
§344,109,152
(1,448,502)
45,407,355
27,079,479
8,225,037
9,603,324
§497,785,543
(2,099,330)
48,527,017
44,050,009
9,856,003
14,224,402
§434,484,347
§014,449,034
Per Cent.
Five D'ys
End'g Feb.20.
1885.
-325
§402,007,241
(1,300,904)
40,493,179
33,944,923
8,053,359
10,835,558
-29-3
§501,934,200
-30-9
(-310)
-6-3
—38*5
-10-5
Per Cent
-19-3
(-02)
+12-7
-40
-1-4
-2-4
-15-0
THE CHRONICLE.
252
With such results
THE FINANCIAL SITUATION.
The event of the week has been the decided vote in the
House of
Representatives against the provision in the
Sundry Civil bill suspending the coinage of silver. That
vote settles the question for the present at least, and makes
it evident that only through further suffering, the country
can hope to have the present policy reversed.
The opposi¬
tion came mainly from the South and West, and it is
claimed that a part of it was not in sympathy with silver
dollar coinage, but joined it through a disinclination, from
one reason and
another, to grant the discretion asked for
However that may be, this action is final so far as the
present Congress is concerned, and our people must
accept the condition, that for another year at least, business
enterprise cannot expand freely, being hindered by the
uncertainties which are thrown around all values, through
the attempt to make 82 cents fill the place 100 cents now
occupy.
Another
fact of
|Tol. XL,
these before the
reader, let him
foreign exchange market as it rules to-day and
has ruled during almost the entire period in question.
A
trade of the proportions figured, above, if no defects in
our
currency arrangements disturbed the natural specie
current, would bring us over 100 millions of gold. This
presents the case clearly and sharply (to adopt the Ianguage of a prominent Western representative) between
the “ silver bugs" and the ‘‘gold bugs.”
That is to say,
had we done as the “gold bugs” desired, we could have
had 100 millions of the world’s currency, which any one
is willing to take, but instead of that we did as the “silver
bugs” desired and got 61- millions of silver currency which
no one wants except our Congressional
orators, and they
as
turn to the
not for themselves
it passes
but
for
their
constituencies.
comprehension, how honest
men can
be
Truly
so per¬
verse.
Notwithstanding the embargo upon Traffic by snows and
ice, the returns of earnings coming in continue to make
in some cases quite satisfactory exhibits.
On such roads
as Chicago
& Eastern Illinois, Central Iowa, and Flint &
Pere Marquette—all of minor importance—the effects of
the weather were very, serious, and are plainly manifest in
the figures for the second week of the month; but on the
larger systems the result seems to have been very much
less unfavorable.
Though the meteorological conditions
promise bearing upon the same
subject, is the response of President Cleveland to the propo¬
sition that the silver men made to him, not to express him¬
self with regard to silver dollar coinage in his inaugural. A
request presuming such utter ignorance of public questions,
such positive innocence on the part of Mr. Cleveland, was
flattering neither to him nor to those from whom it pro¬
ceeded.
But as the event proves, it was after all a for¬
were adverse both in the second and
third weeks, it was
tunate endeavor, as it gave the President-elect the oppor¬
in the second week in most sections that they were at their
tunity, which he lias not been slow in using, to relieve the
worst.
In that week the Northwest lost heavily, but on
public mind, so far as any doubt existed, respecting his
the other hand the losses on the 'St. Paul and the Cmaha
This will be more important
opinion and influence.
were comparatively light.
Now come the returns for the
after
his
inauguration, when members of Congress
find that the independent, go-as-you-please style in matters third week of the month, showing that on all three of these
of principle and public policy, though perfectly safe so roads the decrease was.hardly more than nominal, despite
the drawbacks which existed. ' The chief significance of
long as a party is in opposition, becomes quite another
this showing lies in the fact that it gives substantial en¬
thing where it shows an utter disregard of the opinions of
its chief, from whom it lias many favors to ask. Besides, couragement to the idea that as soon as the effects of the bad
this currency evil develops daily, - and it may be by the weather have fully passed away, the improvement noted
in the earlier weeks of the year will be again realized.
time the next Congress meets that the conditions of trade
Roads that have suffered little or no interruption of opera¬
will speak more forcibly than now even.
Only look at
the foreign commerce figures issued by the Government tions in this way, in not a few instances give marked
this week for January, how they bear out all we have evidence even now of the tendency towards improve¬
ment.
Thus the Cincinnati fndianapolis St. Louis &
written on the subject !
The following are the totals for
each January since 1879, and it will be seen that they Chicago, the Denver & Rio Grande, the St. Paul &
show the largest balance in our favor ever recorded in Duluth, and the. Louisville & Nashville have increases, in
large or small amount, for all the weeks reported. On the
that month.
Louisville & Nashville the increase is particularly marked
FOREIGN TR ADE OF TIIE UNITED STATES IN JANUARY-(OOOs Omitted.)
-—over
$107,000 for the three weeks—which accounts
1
M KRCHAXDISE.
Gold.
Silver.
for the strength of the stock of the road this week.
Excess j
Tear.
Excess!
Excess
Returns of net earnings, however, have even greater
of
of
Im pVs ExpVs
of
; ExpVs ImpVs
Ex/tS ImpVs
ExpVs
Expt’s;
Imp'ts;
significance and are awaited just now with more than the
*
*
$
? !
$
>■)
$
usual degree of interest.
Investors are ^anxious to see if
80.5 V 42,218 58,344 i
030'
1885
2,070
1,440
2,229
1,093
1,136
the
retrenchment
520
154
1684
78,990 54,511 19 079
2.314
1,151
1,163
practiced in other recent months is being
372j
31
1883
895
1,27G:
80,3-0 50,971 23,409j
1,310
2,518
1,623
continued,
should
be and is likely to be, and what
as
it
7.905'
1S82
102
534
01,921 50,950
1,134
1,648
1,032j 2,182
1881
74.079 45.2-5 2 ’,79-1
30
951
426
1,377
4,740
4,710:
effect this is having upon net results.
Where, as
1880
795
220
789
509,
403
GO,997 55,208 11,789
1,192
1879
275
340
1.911
598
59,40*0 33,515 25,894
*71,
1,313
happens in a good many cases, expenses are being reduced
more
!
s
J*-
.
*
contemporaneously with an increase in gross receipts, a
present the situation more forcibly, take the state¬ very marked change for the better is evidently in progress..
for the last four months, showing the remarkable It is the statements for January—the first month of the
Excess of
exports*.
Or to
ment
merchandise balance
lars,
/
as
during that time of 141 million dol¬ year—that
indicated in the following.
o
FOREIGN TRADE OF TIIE UNITED
I
Mlrc'haxd ,SK.
STATES—(0008 Olllitted.)
Gold.
Silver.
.
i
;
!
E.CiSSS
Exp'ts Imp'ts
of
Exp'ts
1884-85.
j
j
I
| Excess
Of
Exp'ts• Imp'ts\
°f
1
Imp'ts'
Exp'ts
Excess1
.
1
1
Imp'ts Exp'ts
$
19,360
34,265
2,430
8,183
91,295 42,189 49,150
January— 80,502' 42,21s 88,344
2,4! 8
2,070
003
7,739
1,815
1.446
630
Total4mo. 322,713 181.5SS 141.125
15,107
2,686
12,421j
79,783
45.518
December.
$
$.
;
2,237
f
November, i
*
j
51,713
|
October...! 71,073
indi¬
l ave
many returns for that period, some leading companies in
different parts of the* country have issued their January
statements, and these we bring together below. The
Pennsylvania is the most conspicuous of them and does
not present a very flattering showing.
Its expenses have
been diminished, but not in amount sufficient to offset the
loss in gross receipts, and as a consequence net earnings
fall $175,562 below those of 1884, which is particularly
unsatisfactory because these latter had been about $305,000
are being looked forward to at present for
cations of this kind.
While it is too early yet to
103
444
$
j
$
1
$
2.574;
1,943
1,850
1,438
2,144!
412
1,334
2,229
l,O03j
1,136
10,1311
6,0181
5,513
3,478 i
631
glimmer of encouragement in the fact that the deficiency
meeting liabilities for the month was only $73,420 in
1885, against $110,585 in 1884, though in all the previous
years there had been a surplus, instead of a deficiency.
But the Pennsylvania appears to stand alone in its
All. the
that have
roads
other
figures, report reductions in ex¬
penses much greater than the falling off in gross earn¬
ings, and in some instances reduced expenses in the
face of a gain in gross.
To the latter class belongs the
Norfolk & Western, which increased gross earnings
$17,000 and cut expenses down $3,000, raising the net
from $83,000 in 1884 to $103,000 in 1885. The Northern
Centra], a Pennsylvania Railroad line, through lower
expenses has swelled its net from $130,000 to $107,000,
and the
Nashville
Chattanooga & St. Louis from
the same cause has improved its total $4,000.
That it
may be seen that the net, with the exception of those
of the Pennsylvania, were not low, either, last year,
we
give the following comparison for six years on the
roads mentioned, showing in two cases at least heavier net
than in any other year given.
so
far
furnished
1
1885.
JANUARY.
Penmulvaniit.
Gross earnings
Operat’g
*
-
expenses.
3,277,522
2,288,948
1884.
1883.
*
*
1882.
9
1881.
1880.
*
*
3,929,357 3,373,321 3,1 9,215 3,083,551
2,408,037 2.458,299 2,299,055 1,982,354 1,717,253
3,574,233
1,074,20 i
+42,748
+381,207
1,360,298
+300,827
1,092,868
1,117,014
1 588,068
1,607,125
409,846|
499.253
341,034
407,308
314,759
380,156
245,970
334,494
273,054!
107,732
136,792;
158,219
92,009
140,186
120,434
Gross earnings
230,350*
213
020j
200.487
108,572
164,917
150,870
Operat’g
120,794
129,047,
122,003
100,530
104,620
72,575
103,550
83,373!
77,884
08,042
60,291
81,295
...
18-1,986
180,992
197,388
106,097
112,262j
112,071
170,753
111,148
189,479
expenses.
78.889
74,730!
85,317
59.605
Net earnings...
Western lines
Result
9K0,574 1,166,130 1,471.058
—73,420 —110,585 +221,810
917,154
1,055,551
jI
1,200,801
Northern Central.
Gross earnings
Oper, and ext. exp.
Net
404,210
230,481
expenses.
Net
Nash. Chat.
St. L.
Gross earnings.
Operat’g
214,000
|
Norfolk <k Western.
Net
.
....
While the evidences of
reviving business of the roads are
apparent, it is not surprising that the stock market should
have shown considerable strength this week. Undoubtedly
manipulation has aided the movement. Advantage, for
instance, was taken of the somewhat sensitive character of
the London market on Monday to sharply advance prices
of American speculative shares there, while our own mar¬
ket was closed.
Consequently on Tuesday morning the
rise was so great compared with Saturday’s closing, that it
had considerable influence on speculation here.
The infer¬
ence that London was buying our securities freely, which
was drawn from this condition, was further
encouraged
by a slight fall in foreign exchange the same day. Among
the stocks which did not fully sympathize with the up¬
so
ward
movement
was
St.
Paul.
Rumors
were
be effected
clear,
though the interests that were working to induce it
were plainly stated.
The only suggestion as to the mode
of settlement was, that it would be through a compromise
with the bondholders, New York Central stepping in to
give some kind of guarantee as to interest. Such an ar¬
rangement of course is possible; but is it not highly im¬
probable? The present contest between these roads was
started by the New York Central, with the sole purpose
ostensibly of resisting this very sequel to the West Shore
enterprise. A willingness on the part of the Central to
give its guarantee on the bonds would have closed the
war at its inception.
Now, after a prolonged and bitter
fight, when it has just shown its earning capacity and
power to control traffic during its continuance, such a
proposition seems quite incredible. A settlement must
be reached some time, but we cannot think when it comes
that it will be of a nature to encourage any more building
of parallel roads.
Exchange was somewhat active during all the earlier
part of the week, mainly in consequence of offerings of
maturing investment bills and a renewal of the demand for
sterling as the rates fell, thus causing a reaction. It was
expected until yesterday that this pressure of short bills
would increase, as large amounts will mature during the
next thirty days, and had the attempt to suspend silver
coinage been successful, doubtless these bills would have
been forced on the market so as to bring about important
declines. Now, however, it is probable that as f ist as these
bills are sold the proceeds will be placed in long sterling,
thus keeping the exchange market in an abnormal condi.
tion for an indefinite period.
Although the profits of
these investments are greatly reduced by the high prices
ruling, purchasers may regard the security of the bills as
of greater importance than the returns.
Money has been a little more active at 1@2 percent,
being influenced by the rising stock market, which made a
better demand from the brokers.
The snow embargo at
the West is now removed, and the inquiry from the
interior is more urgent.
The following statement made
up from returns collected by us shows the receipts and
shipments of gold and currency by the New York banks
during the week.
in
unfavorable exhibit.
Just how it
tion.
On the lines west of Pittsburg, we have a
below 1883.
253
THE CHRONICLE.
1885.]
February 28,
Week Undine
was
Feb. 27, 1885.
to
Received by
Shippui by
N.Y. Banka.
Cnrrflnny
i
Total gold and
legal tenders
♦1.170,000
The above shows the actual
of
so
Net Interior
Movement.
f377. i)00
4nin..
♦799,000
233,000
Loss..
233,030
f Cl 0,009
Gain.,
*500,090
changes in the bank holdings
gold and currency caused by this movement to and from
the interior.
current
not
N.Y. Banka.
il. 170,000
Gold
was
In addition to that movement, the banks have
lost
$2,400,000 through the operations of the Sub-Treas¬
ury.
Adding that item to the above, we have the following,
should indicate the total loss to the New York
had been unable to market its terminal
bonds, but it was stated on the authority of the Vice-Pres¬ Clearing House banks of gold and currency for the
ident that $2,000,000 had already been sold and the week covered by the bank statement to be issued to-day.
company had no information that the bankers negotiating
Into Banka. Out of Banks Net Change in
Week Undine Feb. 27, I8fc5.
them would not claim the option to the remaining million.
Bank Holdings.
At all events, he added that others could easily be found
Gain.
♦500.000
?610.000
interior Movement, as above
11,170,000
Loss.
2,400,000
2,409,000
8ub-Treasury operations, net
who would be glad to accept the same offer.
But neither
Loss, fl,834,000
{3,010,900
♦ 1,170,900 *
Total gold and legal tenders
earnings nor manipulation were sufficient to keep up prices
The Bank of England reports a gain of £523,251 bullion
yesterday. Under the action of Congress respecting
This represents £181,000 received from
silver coinage, the opening was dull and depressed, and for the week.
though a rally occurred in the middle of the day the close abroad and £342,251 from the interior. The Bank of
France lost 758,000 francs gold and gained 2,776,000
was decidedly
lower all around.
Perhaps the most prominent rumors of the week have francs silver, and the Bank of Germany since the last
been those in circulation respecting the New York Central report shows an increase of 14,000,000 marks.
Tiie fol¬
and West Shore difficulties.
It has been made to lowing indicates the amount of bullion in the principal Euro¬
Appear that a speedy end to this dispute was in anticipa¬ pean banks this week and at the corresponding date last year
that the company
which
'
THE CHRONICLE!
254
February 26, 1885.
Rank nf
Gold.
Silver.
£
£
Gold.
Silver.
£
£
22,495,913
24,218,333
Englnnfl
February 28, 1884.
40,142,823 41,606,038 39,492,378 40,031,987
Bank of France
7,230,750 21,692,250
7,797,250 23,391,750
Total tills week
71.591.906 63.298.238
Total previous week
70,924,711|62,662,494
69,785,541 63,423,737
69,410,193 63.354,548
Bank of Germany
....
Assay Office paid $158,209 through the Sub-Treasury
for domestic bullion during the week, and the Assistant
Treasurer received the following from the Custom House.
The
quirements for rentals, but larger payments for interest
The changes from this circumstance are
very much less important than in the case of the North¬
west, and are moreover easily understood, but have af¬
fected results all the same.
Under these changes and the
presence of business depression and severe competition,
the following is the showing that the road makes for 1884,
in comparison with the five years preceding.
and dividends.
1
Years.
Gross
j Earn'gs.
Consisting of—
Date.
Duties.
“
21.
u
23.
“
24.
“
25.
“
26.
Total
$513,648 50
451,957 24
$2,577,703 55
Total
Rentals,
ConsVn
Net
Int. and
and
Earn'gs. Income. Skg. Fds. Eq'pm't.
a
$
$5,000
2,000
TJ. S.
Gold
Silver Cer¬
Notes.
Certified.
tificates.
$
•
§
$167,000
$117,000
125,000
179,000
clay
253,000
2,000
$224,000
146,000
1,905,218
1881...'7,557,740
1,932,984
1,968,230
1,991,150
740,759
1,682,124
292,221
7,687,226 3,477,8S5 3,747,490
3,230,365 8,543,156
1882...
j^,215,495 3,530,991 ;3,863,538
1883... *8,810,610 3,713,57813,998,351
1884.. J 8,709,274 3,575,484|3,854,302
3,000
263,000
73,000
$17,000
$881,000
5,000
*
37,000
221,000
284,000
112,000
$690,000
$987,000
241,000
116,000
OF CHICAGO & ALTON
CHANGES AND PROGRESS.
TRAFFIC
—
ITS
$
102,175
10,683
1880...
Holi
717,693 28
668,487 70
225,916 83
Net
1879... 5,755,677 2,550,195 2,933,195 1,301,155
Gold.
Feb. 20.
[VOL. XL.
431,644
71,221
Divi¬
dends.
OtherJ Surplus•
Items.
$
8
*
765,776
854,359
1,077,976
1,083,080
1,194,184
1,646,840
15,273
♦
688,816
50,193 921,037
158,522 df.57,970
324,366 416,641
4,635
67,623
387
232,730
$306,000 of this represents principal of Joliet & Chic, bonds paid,
compared with 1883, gross earn¬
about $100,000 less, and net about $140,000 less,
with that exception they are higher than in
We here
ings
were
but that
any
other
see
year.
that,
as
The surplus above dividends and charges
$232,730, against only $^>7,623 in 1883, but it will be
noticed that, like the Illinois Central, the Chicago & Alton
was
Central and Chicago &
pamphlet form, offer pursues the plan of varying its contributions (out of in¬
come) to construction and equipment account, accordingly
strong proof of the fact that conservative, well-managed as its
profits may be large,, or small, so it happens that
properties can give a good account of themselves even in while in 18S3 $740,759 was spent
for betterments, in 1884
bad times.
Both these companies are paying at the rate
only $292,221 was so spent, or $448,538 less. Otherwise,
of 8 per cent on their stocks, and both show a surplus
the reduction has no particular significance, since it fol¬
beyond the amount necessary for such distribution in the lows as a matter of course that
operating expenses include
year 1884.
The Illinois Central figures we commented on
everything necessary to keep the road in prime condi¬
when the abstract of the year's results was furnished,
tion and full repair, and the charges to new construc¬
January 24, and the details of operations for the twelve
tion, &c., are merely outlays for increasing the value of
months we give to-day in our investment column on
the plant, which in bad times are necessarily smaller than
another page.
The Chicago & Alton return we have not in
good times, and there is also less need for the work then.
.previously alluded to, and may discuss now.
But there is one feature of the return for 1884, which is
The Chicago & Alton is not a road that has sought
not alluded to in the
Reports like those of the Illinois
Alton, both issued this week in
report, and has not been mentioned in
through the absorption and construction
of a vast amount of additional mileage. any of the public prints that have come to our notice. We
refer to the fact that the charge for dividends seems
Since the extension to Kansas City was. completed in
to include
a
10 per cent distribution, and not an
1879, its mileage has remained substantially unchanged.
8 per cent distribution, as in the previous year.
The total
It operates only about 850 miles of road altogether,
stock outstanding now is $17,514,200, which at 8 per cent
and may be briefly described as a line running between
would call for $1,401,13G—and the full amount of the
Chicago and St. Louis and Chicago and Kansas City
17.V millions was not outstanding, either, early in the year,
with but one or two branches of any consequence.
so that the call
would really be for less—whereas the
Thus the road covers substantially the same territory
company in the report places the charges for - dividends at
as
a
large part of the Wabash system, which has
Hence it is evident that more than 8 per
found its way into receivers’ hands and which therefore $1,646,840.
cent is allowed for; and as the company changed its divi¬
constitutes a bankrupt
It is this con¬
competitor.
dend periods last May, from semi-annual to quarterly, and
trast—that in the same section one road may thrive and
thus actually did have to pay out 10 per cent in the year,
flourish, while another cannot meet its obligations—which,
that undoubtedly is the rate allowed for. It follows there¬
lends to the Chicago & Alton report its chief significance.
fore that to the surplus of $232,730, about $350,000 more
Of course, we all know that the Wabash has been over¬
should be added to get the correct surplus on an 8 per
burdened with debt and unprofitable branch and lateral
cent basis.
roads, but the good results which the Chicago & Alton is
IIow the steady growth in earnings during recent years
able to show, demonstrates that where a system has been well
was brought about
is an interesting inquiry. In 1879
planned and is operated conservatively, it can always com¬
mand a large amount of profitable traffic, no matter how gross were only $5,755,677—now they are $8,709,274,
In the former year the Kansas City extension was
its neighbors may be situated or what attempts they may
not operated for the full twelve months, but even since IS80
make to deprive it of the same.
there has been a considerable gain in receipts.
Certainly,
But there is one other reason why the report of the Chi¬
the gain has not come from farm products on local business,
cago & Alton will be examined more attentively than usual.
for here is a table which we find in the report before us.
Like the Chicago & Northwestern, the Alton has changed
its relations somewhat to certain roads in its system.
The GROSS EARNINGS FROM FARM PRODUCTS SHIPPED AT LOCAL STATIONS.
final arrangements for the consolidation with the St. Louis
Per Cent of
In Illinois and Gross Earn's Per Cent of
Jacksonville & Chicago were completed in 1884, and now,
In Missouri.
In Illinois.
Years.
Gross Earn's
Missouri.
Freight
all Traffic.
instead of paying a certain rental to that company, it
Traffic.
14-567
19*848
81,100,980 00
$301,602 C0
meets merely the interest on its bonds, the stock having 1881.... $7^9,324 00
14-195
19-606
1,106,237 00
397,424 00
768,813 00
1832..,.
been exchanged for its own, and therefore getting the 1833....
11-711 *
16-618
1,031,832 22
455,039 33
576,792 P0
09-981
11-312
809.271 10
340.050 49
528.614 67
As a consequence, we have smaller re¬ J 881....
.same dividends.
to
increase its traffic
‘
on
on
,
February 28,
CHRONICLE.
THE
1885.]
table shows that from
255
the
tonnage has risen from less than 50,000 tons per an¬
to over 100,000 tons.
The lumber movement is
$1,166,237 in 1882, the gross earnings from the shipments
of farm products from local stations in Illinois and Mis¬ greater than ever before.
Iron suffers a very large and
decided
souri have fallen to $869,271 in 1884, and that these earn¬
but
that of course is un¬
contraction,
This
$1,100,986 in 1881 and
num
ings in the late year constituted only 1UJ- per cent of the
company’s entire freight earnings, and but 9-98 per cent
of all earnings, freight and passenger.
A part of the
decline is accounted for by the lower rates received, but
the greater part, no doubt, is attributable to -a contraction
derstood
evident.
required. We observe, moreover, that there has been a
very marked growth in the road’s live-stock traffic.
Against 200,614 cattle moved in 1879, 368,024 were
moved in 1884.
Of hogs the number now is 960,017,
while in 1879 it was only 676,551.
In the same time the
number of sheep transported has advanced to 147,636,
from 59,819.
Thus the Alton has succeeded in acquiring
an
increasingly important hold on the live-stock traffic of
the Southwest, with which Kansas City is so prominently
the result of the stoppage
It will be seen, therefore, that in
certain kinds of traffic there is a steady augmentation from
year to year, even in bad times, and this repeats the
experience on other roads and sections, the development
in the volume of the business. It has been claimed for the of the country being so rapid that no interruption appa¬
Wabash that its misfortune is due to the poor yield of rently takes place, but merely a slackening in the speed
cereals in its territory, and the figures here given will show with which trade moves forward.
In this growth however a railroad will not of course
But the Alton has gone
the foundation for such claim.
on—until 1884—increasing its total earnings, despite the share unless it is properly and judiciously managed, and
falling oil in farm products. The decrease in 1884, more, its officials adapt the road to the requirements of the situa¬
over—we mean in total earnings now, not those from farm
tion, and make the efforts needful to get the business. A
products—is entirely • the result of a decline in rates, poor road, illy equipped and having but indifferent or
for the volume of both passenger and freight business was inadequate facilities, necessarily falls behind in the race.
larger than ever before, as the following table will make The managers of the Alton, it is evident, knew what was
Freight Tonnage.
Year.
Local.
Through
One
Passenger Movement.
Average
ton
Mile. p.mile.
per
Tons
Cents.
1879..
1,083,399
1,758,770
121,741
148,710 119,940,417
1-201
1123
123,000
mile.
Cents.
100,623
123,743
1-007
find
No.
1,102,920
1,371,803
1,543,301
98O.W0O2.708.O54
Here
No.
1-206
1884.. 2.017 904
1883..
No.
p.
One Mile.
08,751
1-241
1882..
Through
774,078
022,742 402,234,390
805.879 481,474,730
799,051 447,009,977
772,975 474,823,908
871.183 549.309,534
1881..
Local.
1-054
2,011,435
2,205,V 09
2,475,953
2,749,805
2,017,313
1880..
Average
p. pass,
Carried
54,219.072
78,270,565
02,847,404
101,150,959
106,028,670
2-419
2-700
1-828
1-951
2-141
1-899
being
building.
as
of railroad
slight falling off in local freight, but it identified.
more than made good by the gain in through freight,
and the total tonnage has never been exceeded.
ENGLAND AND EGYPT.
The
tonnage mileage for 1884 is 602 millions, against only 402
Naturally enough, there is at the present moment no
millions in 1879. The tonnage in 1884 however, it will be
little speculation as to the probable ministerial result of
seen, yielded lower rates than in any other year given. the
existing complications in England. It is certainly a
The reduction in passenger rates is even more marked, the matter of some interest to the
general public to know in
figure for the last year having been only 1-899 cents per pas¬ what light the British people themselves view the recent
senger per mile, against 2-141 cents in 18S3 and 2-419 cents disasters, and what opinions they entertain regarding the
we
a
is
There
in 1879 and 2-760 cents in 1880.
was a severe war
Gladstone administration and
its relation to them.
But
business to Missouri River points during par- there is a point which, it seems to us, is of greater
explains the low average for importance than a mere change of rulers, and for the
the year.
It will be noticed that the fluctuations in past reason that unless there be regarding this matter some
senger rates have been very violent, and an examination radical change of view and purpose, the evil will remain
of the details discloses- that the differences occur chiefly in in
spite of endless changes of administration. We refer
the rates on through business, for which naturally compe¬
to the attitude of the British Government toward Egypt.
on
passenger
of
1884 and that doubtless
tition is most active.
In the volume of
traffic, however,
the passenger movement, like the freight movement, has
been constantly expanding, and as against 54^ million pas¬
carried one mile in 1879, the road carried
nearly 120 millions in 1884.
But if the tonnage has been steadily increasing, and the
increase has not come from farm products, where has it
come from?
To answer this question, we give below all
the larger items in the company’s freight traffic except
grain and flour.
sengers
MerYears.
chan-
Coal.
Stone.
Ice.
!
Lum.
;
„
D.r.
Iron.
Cattle.
Hogs.
Tons.
412,471
1881
401,749 1,190,241
504,400 1,306,041
1882
1883
1884
518.0S9 1,410,350
560,136 1,278,320
This shows
M.Zt.
No.
Tons.
18,827; 49,973 111,587; 180,268-200,614
18,827
40,267 05,8211117,020 229,255 244,073
72,651 49,041'172,588 320,890,207,058
72,833 75,S7l! 144,842 231,894|241,379
72,254 01,968j 103,090 117.120 290,813
73.877 10U.233' 182.320' 121 ,G7013G3.024
1880
Tuns.
| Tons.
Tons.
817,351
989.140
387,825
1
Sheep.
I
dise.&c
1879
|
No.
No.
070,551 59,819
090,014 57,593
089,581 143,333
005,822 181,548
775,0311107,030
900,017
147,030
which interests the civilized world.
England mean to do with Egypt ? What is
and what has been Mr. Gladstone’s plan ? Has the
British
Government
any definite purpose with that
country ?
These are
questions which one hears
at almost every step ; and they are emphasized after
every fresh disaster.
In the mild and well-considered
speech delivered by Sir Stafford Northcote in the House
of Commons on Monday last, and calling for a vote of
censure on the Government, the common judgment of man¬
kind was, in one or two places, admirably expressed. Speak¬
ing of the failure of the policy which had been pursued,
Sir Stafford said it was “ due not to particular faults here
and there, but to the general spirit in which the advisers
of the Crown conducted matters.” ‘‘Unless a complete and
“entire change takes place in the spirit of the Government,
“it will be our lot to fail.” And again : “Success is impos¬
sible unless the Government distinctly states what it is
“fighting for, and declares a determination to attain an
“object.” These words are accurately descriptive of the
This
subject is
one
What does
clearly enough the source of the company’s
earnings and business. The movement of general mer¬
chandise has regularly increased from year to year, till
now it counts for 560,136 tons,
against only 387,825 tons general situation as it is looked at by ninety-nine out of
in 1879.
Coal, too, has increased over 50 percent, having every hundred men.
It is well known that Mr. Gladstone has from the
risen from 817,351 tons to 1,416,350 tons, and fallen back to
1,278,320 tons. The amount of stone transported (for build¬ very first declared it to be his purpose not to take
ing purposes presumably) has also greatly increased. Of ice permanent possession of Egypt, or in any way to assume
256
THE CHRONICLE.
[Vol. XL.
responsibility of permanently governing that country; policy of -England in Egypt will provoke severe criticism.
and yet he exercises exclusive control, and will allow A definite policy, pursued with vigor and determination,
no other
It will at least commandpower to interfere in the putting down of rebel* may yet redeem the situation.
lion or in the preservation of order.
This peculiar attitude respect;
has led many to think that probably after all the Govern¬
HOW PUBLIC INTERESTS SUFFER BY BUILD¬
ment might have some well-defined purpose which it did
ING TOO MANY RAILROADS.
not consider it prudent to reveal.
Secrecy, however, was
Marshall M. Kirkman, Comptroller of the Chicago &
no
longer compatible with the situation when it became
known that General Gordon was killed. It was something Northwestern Railway Company and a contributor of some
of a surprise, therefore, when, amid all the excitement note to the railroad literature of the day, has written a
treatise on the relations of the railroads to the people and
consequent on the news of the death of this great national
favorite, while the people were wild with rage, and while their industrial interests, which is now issued in pamphlet
He discusses the railroad problem in some of its
fresh troops were being hurried to the Soudan, Mr. Glad¬ form.
stone re-affirmed his purpose to evacuate the Soudan and various aspects, endeavoriDg to show how closely its solu¬
to evacuate Egypt proper at as early a day as was possible. tion is connected with general business; how great, there¬
Tel-el-Kebir, El Teb, Tamanieb were then all for nothing; fore, is the need of ‘protecting the railway industry and
and Hicks Pasha and the two brave Stewarts, and General guarding against any impairment of its efficiency.
We see that Mr. Kirkman takes the same view we have
Earle and young Burnaby and General Gordon, and others
equally valiant and equally brave, were sacrificed for advocated several times, in respect to limiting the construc¬
naught ; and the new army now being hurried forward— tion of new lines. He attributes most of the evils that at
what better hope has it, while facing the dangers of present afflict the railway world, to the absence of such
He believes, therefore, in making railroads in
restriction.
climate and war ?
It has not been therefore the inconsistency which existed one sense a monopoly, but a monopoly only in the matter
between word and deed—not that alone which has com¬ of the control of traffic and not as regards rates or influence
manded the attention of all thoughtful observers; but the His idea is that “rigid and scrutinizing supervision should
indecision and apparent want of purpose which events be exercised by the Government” over the location of the
seem to indicate.
It is unnecessary to go into details, most roads, so as to secure the best and most economical route
of which are fresh in the memory of every reader.
Few and that this having been done, all duplicate and triplicate
lines should be barred out, so long as the original road
men who have been studious of the situation will deny that,
after the battle of Tel-el-Kebir and the capture of Arabi was able to take all the traffic offering and do all the work
The railroad being protected against
Pasha, the British Government could have taken posses¬ required of it.
sion of Egypt, could have annexed it, could in any way it attempts
to deprive it of its sustenance—traffic—
chose have assumed permanent control of the country.
If there would be no injustice in regulating rates and placing
England desired to obtain possession and control of Egypt, a them upon a fair and reasonable basis, which would afford
a satisfactory return upon the capital invested.
more convenient opportunity could scarcely be imagined.
With this
She had made herself mistress of that country by right of assurance of protection against the destruction of the
conquest; and although such a course might have given investment through the introduction of competing lines,
birth to a feeling of jealousy in some high places, the capital in abundant amount could be had at very mod
accomplished fact would have been accepted. The same erate rates, for the investment would be given a degree of
characteristics are visible if we look at the financial aspect stability and value that could not be obtained in any other
Hence public interests would be promoted by
of the situation. By annexing Egypt or in some way assum¬ field.
monopolies” of this class, for the small returns on their
ing absolute control, England could have dictated terms to
France and the other powers. When, later, France refused money with which capitalists would be contented—in view
to accept England’s plans, it was competent for Mr. Glad¬ of the absence of all risk—would permit of lower traffic
stone to go on without France.
But he must needs call a rates than could be made under any other conditions.
But there is another and even more important sense in
Conference, thus running the risk of having his hands
tied.
When the Conference failed to agree, and Mr. which the people would be benefitted by restricting the
It is a well-known principle
Gladstone claimed absolute freedom of action, it was construction of new lines.
thought ihat the question of Egyptian finance was finally that to secure the minimum of cost, we must have a max¬
set at rest. But no. Fresh proposals were made to France; imum of business—that is, in proportion that the amount
and Russia and Germany and Austria have since laid of work done is raised, will the average cost be dimin¬
claim to be heard in the final arrangement.
It is four ished. Forty thousand copies of a paper can be printed
for comparatively little more cost than twenty thousand
years since General Wolseley first went to Egypt ; and
after four years of what must be called England’s man¬ copies, and though this does not perhaps apply with equal
agement of that country, the situation politically and finan¬ force in the case of a railroad, yet when the service is once
cially is worse than ever. A more lamentable failure is fairly organized a vast additional amount of business can
not to be found in connection with any Government in be transported at a very small further outlay.
The tracks
are
recent times.
there, the road, structure, bridges, &c., are there, and
If England has designs on Egypt, if she wants to annex on these it is just as easy to run 40 trains a day as it is
What folly then, to duplicate all these expensive
the country and bring it under imperial rule, the general 20.
feeling among sensible men is that sue should do so, and facilities! And having been duplicated, neither the old
do so at once.
If she has no designs on Egypt—if she nor the new company can transport as cheaply as could
does not wish to annex the country and bring it under otherwise be done, for the traffic offering has to be divi¬
direct imperial rule, then it does seem to most sensible ded up between them, and the average at which a passen¬
men
a
cruel and purposeless waste of treasure and ol ger or a ton of freight can be carried will of necessity be*
human life to protract this war in the Soudan, or in any higher under a smaller than under a larger volume of
part of the Nile country. What is wanted now is a dis¬ business. This phase of the transportation problem,
tinct declaration of purpose.
Without such declaration has not been given the attention it deserves. As Mr.
of purpose, and the vigorous prosecution of the same, the Kirkman truthfully says, the people of the United States
the
“
February
257
THE CHRONICLE.
28, 1885.]
to get a share of the pool traffic.
These new rivals
sought low rates in the multiplication of roads rather as
know that so long as business is conducted on the pool
than in minimizing the cost of rendering the service, and
basis, the pool must allow them a percentage of the traffic,
here is the secret of the whole trouble.
We must abide, however—as far at least as the present no matter how inferior their facilities, and that is the
is concerned—by the results of the system we have been theory upon which they are mostly constructed.
We are not of those who see in the pool a device for
practicing. There is no doubt of the fact that donations “
fleecing” the public by maintaining high rates of trans¬
of lands, aid by counties and cities, the loaning of credit*
&c., have, as Mr. Kirkman claims, greatly stimulated the portation. Nor do we deny that pools have rendered
The statistics collected
evil and multiplied the number of new lines for which great service to the community.
there is no necessity or use. ; But it does not follow, as he by the Tool Commissioner are alone of great benefit.
Then it is indisputable that through the offices of the pool
seems to think, that because of this extra encouragement,
But our point
the people or Government are bound now to see to it that many serious outbreaks have been averted.
is,
that
the
arrangement
seems
to
be
mainly
beneficial to
the enterprises become sustaining, or relieved of the effects
of the folly or mistaken judgment of the promoters. the weaker roads, and that the stronger ones—those ren¬
Having permitted and encouraged the construction of dering and able to render the best and cheapest service—
railroads, the country cannot refuse them the measure of suffer correspondingly, and that this is neither to
the interest of the public nor the railroad community.
“support necessary to their existence,” says our author.
In the same way our protective tariff lias fostered and Doubtless some way will be found of remodelling the
encouraged overproduction in many lines of manufacturing? pool and reorganizing it on a permanent and enduring
but it would be a queer policy which proposed for that basis. But that should be left to the railroads themselves,
and we do not think that the Government ought to be
reason to compensate manufacturers for the losses incurred.
The
It might perhaps bo fairly claimed that having deliberately called upon to legalize or sanction the arrangement.
chosen competition as the basis for determining rates, the problem is pre-eminently one for the railroads to solve.
people are debarred from cutting rates down, because in Legal enactments can never supersede natural law nor
their estimation the service ought to be done more cheaply. improve upon its workings.
It is our opinion that unnecessary alarm is felt as to the
But that is quite a-different thing from raising them or
encouraging the railroads to raise them, by artificial means. outcome of the present situation. The impression seems
Yet Mr. Kirkman derives his strongest argument in favor to be that the new lines constructed will always—or at
of pooling arrangements from that source and maintains least for a long time to come—prove a disturbing factor.
that the pooling system should be sanctioned and supported We think not ; for it looks as if the most serious of them
A struggle for
by law. Pool-Commissioner Fink and many railroad man¬ would be eliminated from the field.
have
11
11
agers have expressed views to the same
well be doubted whether such a step
desirable,
or
effect, but it may
is
even
remotely
whether it would prove of benefit to the rail¬
nounced
roads.
It is unfortunate for the
supremacy is going on which must inevitably be settled in
favor of the stronger lines.
When it is settled, a wellneeded lesson will have been taught.
The more pro¬
advocates of the value of
pools, that recent events have demonstrated their ineffi¬
ciency. They have fallen woefully short of what was
expected of them. In theory, there is of course no warrant for any kind of compact of this description, for com¬
petition is the levelling factor that is supposed to settle
all differences.
We know it is claimed that the basis of
competition on the railroads differs from that in other
industries; that a road, once built, can not be got rid of
and that therefore some provision for the same must be
made.
But the reason for the difference is simply that the
principle of competition can not be carried to its full
length. The extreme limit would be destruction or absorp¬
tion; but before the contest is ended all the participants to
the same may be seriously crippled.
It is to avoid a misfortune of this kind that pooling
the
defeat of the intruders, the better, for the
Government cannot and should not
greater the moral.
interfere.
of
new
Even in the matter of the further construction
lines
we
are
not sure
but that the matter will
remedy itself even without legislative injunction of any
kind. When, for instance, will another West Shore enter¬
prise be attempted, law or no law ? We think, too, that in
the future the general public, instead of looking to in¬
creased competition as the means for bringing about low
rates, will seek to attain them through a cheapening in the
cost of the service, as Mr. Kirkman suggests.
WASTE
BY FIRE.
To the Editor of the Financial Chronicle:
Dear Sir—I am glad to see a well-timed notice
in a late num¬
in regard to the annual “Waste by Fire,”
which reference is made to the saving which lias been accom¬
ber of the Chronicle
in
plished in the Manufacturers’ Mutual Insurance Combinations.
arrangements were devised, and would be extremely useful May I, however, venture to correct an error which is of con¬
if they could be carried out. But experience proves that they siderable importance in the discussion of this question ? You
remark that, “ In spite of all appliances, the best built and the
cannot be carried out except when business is active and
best equipped factories are liable to be destroyed, and the pro¬
traffic large, and then there is little need for them, for
portion of loss among them is greater than it is among foreign
every road has as much as it can do and therefore there factories where less effort is made to provide safeguards.”
is no object in “ cutting ” rates.
When business, how¬ Now, while it is very true that the best factory may be de¬
ever, is dull, and traffic small, the weak roads are the stroyed, yet it may be readily proved that the unavoidable loss
first to violate the provisions of the pool, and for this ap¬ on textile factories does not exceed fifteen-hundredths of one
per cent, even among mills as they now are ; while in facto¬
parently there is no1 remedy, since their necessities are ries built and equipped as they could be to-day, the unavoida¬
great, and they are merely acting on the instinct of ble losses would be less than one-tenth of one per cent. The
self preservation.
The stronger roads suffer as a con¬ difference between these rates and the actual loss of a little
sequence, and therefore their interests are directly less than one-quarter of one per cent is to be attributed to
opposed to the maintenance * of pooling arrangements, as carelessness in the conduct of the business, or w.mt of
such arrangements permit their weaker rivals to get busi¬ efficiency in dealing with a fire. You are also in error in assum¬
that the rates of loss in foreign factories is less than in
ness
at
their expense.
Besides, recent years have ing
these combinations for mutual protection ; on the contrary,
proven that pools merely invite competition rather than it is very much greater.
Even very expensively constructed
check it.
How often do we hear that such and such a foreign mills of brick and iron, with concrete floors, are
road is to be extended to such and such a pool centre, so subject to as heavy a loss, owing to the combustible nature of
THE CHRONICLE
258
[Vol. XL.
Given a measured quantity of brick, stone, iron, timber and
fire-proof mills of Lancashire are
costly than our best factories, even if our fire-preventing plank, it rests with the owner, architect and builder whether
appliances be added to the cost of the building proper, and these materials shall be put together in the form of
a
building to be occupied for the specially hazardous
they are no better, even if as good, risks as ours.
Again, let me call your attention to the fact that the greater use of the textile manufacturer in such a way that
part of the fire waste of this country, when measured in terms it will cost less than one quarter of one per cent a year to in¬
of money, will not be found in the cheap dwelling houses, sure the works ; or be put together at a greater expense and in
shops and other similar buildings, which are so common and, such a way that a judicious underwriter will refuse to insure
at one per cent per annum, even though the use to which the
as you say, perhaps all that the means at the command of
their owners will permit them to construct; hut the heaviest latter building is to be put is that of a commercial warehouse
losses occur in the costly examples of combustible architecture for the storage and sale of the goods which have been made in
the hazardous factory.
on which twice the money necessary to have made them safe
E. A.
will often have been expended, while their complete destruc¬
Boston, February, 1885.
tion from the very smallest cause is assured by every possible
provision for giving the fire a free way throughout the cellular Blmictarijl ©omracrcial
Its!*
wooden structure which has only been screened on the outside
the contents.
The so-called
more
.
with brick, stone or iron.
Other examples of very
heavy losses may be found in the
steadily increasing list of “ very special hazards.” During the
last few years, the rate of destruction in the United States has
risen from 1 to nearly
hotels per day; from 1 to nearly 2
churches per week, and from 1 to 2 hospitals, asylums or alms¬
houses per month—with an average
each fire of the last-named class.
-
loss of several lives to
Admitting that buildings of many stories in height must be
constructed in cities, owing to the great value of land, they
need not be more dangerous than a cotton factory, and the
waste of money in the combustible architecture of city ware¬
houses may be proved by a comparison with the cost of fivestory factories of the most substantial kind. Given a factory
500 feet long by 100 feet wide—corresponding to a city block—
five stories high, if any money is spent upon it above the
foundation beyond 80 cents per square foot of floor, or $200,000
for five floors ready for machinery, the excess of cost will
either have been wasted or will have been spent for some unu¬
sual requirement. If 20 cents per foot be added to the rate of
80 cents, or $50,000, the building at a total cost of $250,000,
would be more fully furnished with safeguards against fire,
both in the process and method of construction and in placing
fire-extinguishing apparatus for its protection, than any
modern factory of the class which it now costs less than one
quarter of one per cent per annum to insure.
Now admitting that the Only analogy between the textile
factory and the city warehouse is to be found in the solidity
of the wall?, timbers and floors, and that these elements of a
building can be provided in either case at 80 cents per foot and
Bufficiert’y protected against fire for 20 cents per foot of floor,
or $5 per foot of ground covered five stories high; or in other
words, given an expenditure of $250,000 above the foundation
fer a so’id and substantial shell, suitable for the purpose either
of a mdl or warehouse, 500 feet by 100 feet—five stories high—
may I be permitted to ask how much the average master of
the art of combustible architecture would expend inside this
solid shell in the process of converting it from a good fire risk
at a quarter of one per cent to a bad fire risk at one per cent.
This is the real question at issue. The excessive fire waste
of this country is to be found in classes of buildings on which
double the money will often have been spent, which would
have been necessary for safe construction from the same mate¬
rials and for providing adequate means for extinguishing fire,
but which are nevertheless examples of everything to be
avoided in the way the materials are put together. The fault
does not lie with the materials, but in the manner in which
the materials are misused; and until owners and occupants are
forced to attend to this matter by their inability to procure
insurance even at very high rates, pur city architecture will
BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON-Fcb. 12.
Oil—
Time.
Rate.
Amsterdam. Short. 121% @12*2%
Amsterdam. 3 mos. 12 3% ®12*i%
1
2067 @20*7 L
Hamburg
it
Berlin
20 67
@20 71
a
Frankfort...
20'67
@20*76
a
Vienna
12*52^@12-55
•
.
.
Antwerp....
a
25*571s@25,621e
EXCHANGE ON LONDON.
Latest
Date.
Feb.
12 Short.
Feb.
Feb.
Feb.
Feb.
Feb.
Feb.
12
12
12
12
12
12
12
12
12
12
12
12
12
12
9
12
12
12
12
12
Checks 25*35 @25*40
Paris
3 mos. 25*53%@25’58% Feb.
Paris
Ift
Feb.
St. Petersb’g
241316®2478
it
Genoa
25*75
@25*bO
Feb.
i
Naples
it
Madrid
it
Cadiz
it
Lisbon
Alexandria.
it
Constant’ple
a
Feb.
461s@4614
46^g@46%
51Hi6@5113jg
ii
New York... 60 days
Bombay .... dem’ud
Calcutta
Hong Kong.
Shanghai....
ii
Is.
Is.
7i16d.
7iied.
....
| From our
Time.
Feb.
Feb.
Feb.
>Feb.
Feb.
Feb.
Feb.
Feb.
Feb.
Feb.
3
mos.
Short.
a
a
««
Checks
3
mos.
U
Rate.
25 35*fl
20*53
20*50k$
20*53
12*41
25*37
25*351s
2511.12
25*45
it
ii
47*50
tt
a
a
a
110*25
60days
4*83is
tel. tsfs
18.
Is.
it
4 mos.
own correspondent.
Ii
62932Cl
629i2d
6H igd.
4s. lid.
3s.
1
London, Saturday, Feb. 14, 1885.
Only a week ago and we were commencing to entertain
hopeful views respecting the future of trade, but the outlook
has again become gloomy.
The railway statistics then seemed
to indicate reviv ing prosperity.
The traffic receipts on the
seventeen principal lines of England and Scotland for that
week showed an increase of £14,000, mainly in goods, but for
the past week there was a loss of £18,000, of which £10,000
was in goods.
It is therefore clearly injudicious to build up
sanguine anticipations merely on the result of one or two weeks’
statements.
But what now threatens seriously to interfere
with trade in the immediate future, is the prospect of increased
difficulty in finally settling the Soudan question. There are
at the same time uneasy political rumors afloat which cer¬
tainly do not assist in promoting confidence. The colonial
policy of Germany is assuming a too aggressive character, and
the action of Russia in the neighborhood of Afghanistan is
regarded with well-merited distrust, bearing in mind the value
of Russian promises.
Furthermore, it is felt that under exist¬
ing conditions distrust is more likely to increase than diminish,
and trade therefore promises to remain contracted.
It is no w
reported that, in order to provide funds and check further in debtedness, the Government will propose to suspend the action
of the sinking fund for a time, but we must wait for the open¬
ing of Parliament for definite information on the subject.
In accordance with this condition the reports from the leading
trade centres continue still disappointing. This is specially the
case as regards the iron districts, where business remains very
slack and the margin for profit small. The linen trade is fairly
steady, but that will not counterbalance the inactivity noticed
continue to be a sham for which the architects themselves in other
quarters. The wool sales have just been brought to a
may seldom be in fault.
close.
The quantities catalogued from January 20th to Feb¬
Lest these allegations should be imputed to theory only, ref¬
ruary 13th, the dates of the commencement and termination
erence may be made to the summary of the business of nineteen
of the sales, were 201,168 bales.29,261 bales being Cape and the
factory mutual insurance companies during the last fifty years : remainder Australian and New Zealand produce. The sales
In that period they have insured property of a specially
opeped with a reserved tone and a fall of y2 to Id. per pound
hazardous nature to the amount of
$3,840,739,796
on
all Merino descriptions. Rather more animation was
At a cost of *3173 per cent, say 32 cents per $100, or...
12,216,190
shown
in the second week and prices recovered some of the
And have returned to their members as the profit or
in
dividend,
compensation for the prevention of loss
ground lost, but the improvement was short-lived and the
hy fire
19,766,594 series closes on a par with opening rates. The sales were well
And they enter upon the year 1885 with assets in cash
attended throughout, but the tone was not strong, and the
to the value of
3,590,600
home trade bought on a restricted scale. Copper has never
As a guamuty for indemnity against loss on outstanding
risks to the amount of
The chief cause of the decline has
375,125,751 been quoted as low as it is.
The rule which has been deduced from the long
experience been the enormous quantity received from the United States
of these companies is this—
during the year, there being an increase of nearly 8,000 tons to
.
259
THE CHRONICLE
28, 1885.]
February
The following return shows the position of the Bank of
England and 6,000 tons to France and other European ports
over the previous year.
Although the market has had to deal England, the Bank rate of discount, the .price of consols
and other items, compared with previous years:
with these largely-increased supplies and been depressed in
1883.
1882.
1834.
1885.
values thereby, it is a remarkable fact that consumption of Circulation
£
£
£
£
excluding
Bank post bills
23,864.040 24,766,815 25,068,040 24,738,745
copper has increased, stimulated probably by low prices, so as
Public deposits
8,891,020
7,757,364
6,795,109
8,356,042
to cause a reduction-of the stocks in warehouse here and in
Other deposits
23,535,423 22,485,240 22,529,504 23,241,782
....
France of over
Governm’t securities. 14.051,801
Other securities
21,134,138
Res’ve of notes & coin 14,878,221
Coin and bullion in
both departments.. 22,992,261
Proport’n of reserve
46-38
to liabilities
4 p. e.
Bank rate
Consols
937is
33s. 9d.
Eng. wheat, av. price
Mid. Upland cotton..
53,ed.
No. 40 mule twist
9^d.
3,500 tons.
13,453,063
23,140,675
12,383,372
13,130,343
21,883,005
24,384.388
Floating balances have been re¬
12,890,293 13,287,882 11,748,468
and there appear to be
21,907,108 22,605,922 20,737,213
rather more bills offering for discount. Rates consequently
45
375g
4078
are steady.
6 p. c.
It seems as though money was now at its lowest
3^ p. o.
3^ p. c.
lOObd.
lt^i.
1015lf>d.
level.
The Bank of England is gradually getting the com¬
40s. 8d.
46s. 5d.
37s. 3d.
5 b 6d.
5» fid.
mand of the market more and more into its hands. But
5i5,ed.
92%d.
10*4d.
95ed.
whilst money now is very low in value, there is no reason to Clearing-House ret’n. 97,741,000 97,444,000 132,490,000 153,347,000
expect that quotations will harden appreciably. Nothing
The past week in the grain trade has been quite uneventful.
but a permanent improvement in trade could bring about
such a wished for result, and before trade can really improve Very little has been passing in any kind of produce. Wheat
has remained nominally the same in value, but the tone has
the political position must be assured. Gold is still going into
been rather depressed.
There is nothing doing just now.
the Bank, but the receipts are mainly from the provinces, sup¬
Importations are on a fair scale, although the total since the
plies from abroad being very moderate. However, the stock of commencement
of the season is still nearly five million cwts.
gold now held is nearly £23,000,000 and is quite ono million
less than last season. Farmers’ deliveries have fallen off
sterling in excess of the total for last year at this time when
the Bank rate was
The reserve of notes and coin slightly, but the total supplies of grain offering in the markets
per cent.
have been sufficient for the demand, and late prices have only
also shows an increase compared with that period of nearly
been maintained.
The average price of wheat for the seasqn
£2,000,000.
is but slightly above the lowest point touched, being now
The following are the present prices f or money.
32s. 4d. per quarter, or 7s. 6d. per quarter below what it was
Interest allowed
at this time last year.
Open market rates.
The prospects of a permanent improve¬
for deposits by
ment
are far from
being
clearly defined. A falling off
Trade Bills.
Bank Bills.
Disc’ t IT
Lonion
Joint
in the deliveries of home-grown produce would no doubt have
At 7 to 14
Six
Four
Stock
Three
Four
Six
Three
a steadying influence upon the market,
and some advance
Call.
Months
Days.
Months
Banks.
Months
Months
Months
Months
might be established. But the permanence of any important
3M 3*i-3*4
4 ®
3*
3
4*4®
3*4® 1
Jan. 0
3M@
334@
change remains open to doubt. Were the agricultural inter¬
3*4-3*4
SM
10
3*4
4*6®4*4
4*6®
4*4®
3*4@3?6 3m
3M 3%-3?4
3*4
23
3*4®3*6
ests both here and abroad in a position to keep back their grain,
8%@4 3*634
S*6@
s*6@
sm
Money has ruled steady.
duced by the payments for taxes,
I
sc
-
-
—
-
-
-
-
-
“
“
-
-
“
30
“
zm
-
3*6®
sm - 3*6®3*4 3*6®3% 3M®3*6
3*6 nom 3m3Ji 3 *4 nom 3*6®3*4
8*633*4 3\i® - 3*634 3M®3*6
-
SMno
6
Feb.
-
13
sm
-
-
The Bank rate of discount and open
now and for the
chief Continental cities
have been
as
3
3
8
3
3
3
3*4-3**
3*4-3*4
3*4-3*4
market rates at the
previous three weeks
follows:
February 5.
January 22.
January 2P.
Rates of
Bank
Open
Bank
Open
Bank
Open
Bank
Open
Rate.
Market
Rate.
Market
Rate.
Market
Rate.
Market
3
3
SM
4 *6
2*4
2M
2 yx
2*6
2H
3*6
4M
4
3*6
4
Paris
3
Berlin
4
Frankfort
4
Hamburg
4
Amsterdam
3
Brussels
Madrid
3*6
4M
Vienna
4
not
2*6
2M
2*8
2M
2*4
4
4
4
3
3
4M
3*6
m
3*6
3*4
4
4
2H
3*4
3*4
3
4
3
2M
3
3*4
4M
3M
4
4
2*6
3M
4M
3M
4
4
4
3
„
4
4M
3
4M
rise; but unfortunately farmers have
yet recovered from a series of
bad seasons. That the
trade will gain in steadiness is not at all improbable, but that
there will be a decided rise in the immediate future is any¬
thing but certain.
copy of the report on the
dian wheat crop for the current season,
Annexed is
February 12.
Interest at
values would of course
a
prospects of the In¬
issued by the Under
Secretary of State for India :
#
Tlie average area under wheat in India inordinary years, according to
a recent estimate, is about 26,000,000 acres, and tlie average gross pro¬
duction is nearly 7,090,000 tons. Of this area 18,000,000 acres, or
9-13ths, lie in the four British provinces of the Punjab, the
Northwest¬
provinces and Oudli, the central proviuees and Bombay. During
the last year a system of monthly forecasts of the condition and prosl eets of the wheat crop was tentatively started in these four provinces,
and reports for the months of November and December have now been
ern
received.
lathe Punjab the
cient to unsettle the market.
sowings are above the average, and prospects are
considered excellent. The area under crop is estimated at 7q million
acres, the average area being Ca4 millions.
In the Northwestern provinces and Oudli the November forecast was
exceptionally favorable. An area of 5*2 million acres had been sown
against an average of 5 million acres, tho seed had germinated well
owing to the late October rains, and a bumper crop was predicted. The
December forecast, however, is less favorable, as owing to the entire
absence of winter rains the young crop has somewhat suffered. “ If
moderate raiu falls in January,” the report states, “the crop will still
be a*mve the average.”
Rain has fallen in the province within the last
against such shipment of produce as there is. Just now there
is an aggregation of circumstances against any recovery
in the value of silver, and a flat market may be calculated
few (lays, so that tlie present prospects of the crop are somewhat better
thau appears from the December report.
In the central provinces, owing to tho early cessation of the monsoon
rains, a smaller area than usual has been sown with wheat. The aver¬
age area of recent rains has been nearly 4,090,000 acres., This year the
decrease ranges in the several districts from 5 to 10 per cent. Present
prospects are all that could bo desired,as, owing to recent rain,tho crop is
.
St. Petersburg..
0
0
0
3
0
0
0
6
Copenhagen.
4»
4*6
4M
4M
5
5
5
5
..
Silver has been
a
dull market, and bars have fallen to
The depressed state of the Indian and
from American influences, is quite suffi¬
very
49 3-16d. per ounce.
China trades, apart
The Indian council also has
increased the amount for which it draws bills every week
Respecting to the state of the bullion market,'Messrs. Pixley
& Abell write
:
"Gold continues to flow into theBank, the amount sent in since our last
being £200,000. There is no demand for abroad, the only export con¬
sisting of sovereigns, which have been taken principally for Egypt. The
John Elder has bought £45,000 from Sydney, and the Massilia £3,000
from Bombay; the other imports have come from the Continent, and
further amounts are likely to be received. The withdrawals from the
Bank since the 5th instant are £128,000. The Tagus takes £15,000 to
the River Plate and the Mirzapore £ 100,000 to Egypt.
Silver.—A decline in the Indian exchanges, and rumors of further
efforts in America for tbe suspension of the Bland Bill, have caused a fall
in prices, and the quotation we give to-day is 493iftd. at which the silver
ex
Aconcagua has been sold. The arrivals of the week comprise
£70,000 from New York, £16,470 from Buenos Ayres and £49,000 from
Chile—£135,470. The P. & O. 8teamer Mirzapore has taken £10,0u0
to Calcutta, ahd the Carthage £70,000 to Bombay.
Mexican Dollars.—The only arrival to report is that of the Hapsburg,
from New York, with about £4,000. The French steamer, Colombie,
with about £loO,OiO value of this coin, is due about the 16th inst. The
market is very quiet, the nearest price to-day being 4778d. per ounce.
The quotations for bullion are reported as follows:
Price of Gold,.
Feb. 12.
s.
Bar gold, fine., oz.
Bar gold, contain’g.
20 dwts. silver.oz.
Span, doubloons.oz.
fl.Am.doubloons.oz.
au excellent condition.
“Were it not for.tho contraction m area,”
report states, “thegross outturn would be’above the average.”
in
upon.
77
d.
9
5.
Feb.
Feb. 12.
Bar silver, fine..or.
49 3-10
d.
8.
77
Price of Silver.
9
d.
Feb.
5.
d.
49M-0-10
The Bombay report for December has not yet been received, but the
November report stated that “ generally speaking the' area and condi¬
tion of the wheat crop are satisfactory in the Gujerat districts, though
the crop area and condition in the Deccan and Karnatic districts are
unsatisfactory from want of rain.” From other sources of 'information
this is still a substantially correct description of the
present year's wheat crop in Bombay. The average area under wheat
it is believed that
in the Presidency has been estimated at about 135 million acres.
A special report has also been received from the Berars,
mates the present year’s crop at 845,000 acres, or 5 per cent above
which esti¬
77 10M
77
10M
Cake silver
oz.
Mexican dols...oz.
49 9-10
53 3-10
47*6
49 15-10
53M
the
and states that the crop is in good condition.
Tlie^general conclusion from the above is that in respect of over
eighteen million acres, or nine-thirteenths of the gross wheat area of
India (including native States), the condition and prospects of the wheat
crop are on the whole up to the average, and that a bumper crop may
be expected in the most imporant province of all, the Punjab. Informa¬
tion from Rajputana and the Central India States, which have conjointly
an average area under wheat of about five million acres, leads to the
conclusion that there also the wheat crop, in area and condition, Is quite
average,
up to
the average.
following statement is shown the extent of the sales
wheat, barley and oats in the principal mar¬
and Wales during the first twenty-three weeks
of the season, together with the average prices reached, com¬
pared with last season:
In the
of home-grown
kets of England
SALES.
Bar
sliver,contain¬
ing 5 grs. gold..oz.
the
1884-5.
Wheat
Barley
Oats
qrs.
1,556,785
2,409,427
133,776
1883-4.
1,475,177
2,435,928
164,320
1882-3.
1881-2.
1,123,461
1,480,499
1,070.180
1,242,391
143,438
132,57C
,
THE CHRONICLE.
260
d.
8.
1881-2.
1882-3.
1883-4.
d.
8.
YORK. FOR THH5
EXPORTS FROM NEW
AVERAGE PRICES.
1884-5,
[VOL. XL,
d.
8.
1882.
d.
8.
WEEK.
1884
1883.
1885.
‘
47 0
33 9
20 10
For the week...
Prev. reported..
$5,965,154
45,288,056
$5,909,490
49,168,623
$5,264,482
43,240,8e>5
$5,417,915
48,347,858
Converting quarters of wheat into cwts., the total sales in
the whole kingdom during the above periods were as follows:
Total 8 weeks..
$51,253,210
$55,0' 8,113
$48,505,367
$53,765,773
Wheat
31
Oats..
19
1884-5.
cwt. 22.330,034
Wheat
41 0
34 2
39 10
32 11
4
4
32
per qr.
Barley
6
19
20
8
9
1883-4.
1882-3.
1881-2.
21,159,568
19,473,500
18,550,000
following return shows the extent of the imports of
produce into the United Kingdom during the first
twenty-three weeks of the season, the sales and average prices of
home-grown produce for the same period, and other items, com¬
pared with last season:
The
cereal
IMPORTS.
owt. 21,845,475
Wheat
Barley
8.626,538
Oats
Peas
Beans
Indian
Flour
5,044,769
980,880
1,707,503
Supplies of
26,746,486
9,569,847
5,949,499
29,669,622
27,922.777
9,081,238
6,801.873
891,054
1,028,835
1,016,129
867,962
758,123
6,150,287
7,115,857
10,912,160
3,560,055
4,552.896
0,822,438
1,273.387
12,892,446
6,996,148
8,977,814
7,198,603
corn
1881-2.
1882-3.
1883-4.
1884-5.
following table shows the exports and imports of specie
at the port of New York for the week ending Feb. 21, and
since January 1, 1885, and for the corresponding periods in
The
1884 and 1883:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Week.
Gtreat Britain
France
26,7 16,486
Imports of wheat, cwt.21,845,475
Imports of flour
7,198,603
Bales of home-grown
6,996,148
51,374,112
Total
29,669,6 22
7,115,857
27,922,777
3,560,055
50,032,322
56,258,979
54,902,202
Av’ge price of English
wheat for season.qrs.
32s. 4d.
Visible supply of wheat
in the U. S
bush.42,650,000
1881-2.
21,159,568 19,473,500 18,550,000
22,330,034
produce
1882-3.
39s. lOd.
41s.
Od.
21,400,000
33,900,000
Od.
47s.
Tetal 1885
Total 1884
Total 1883
....
Week.
Since Jan.l.
$.
$8,500
$
Vest Indies
Mexico
Bouth America..
All other countries...
96,500
209,405
923,350
1,730.178
320,000
2,588,055
841
138,037
12,200
3,200
89,875
19,542
16,050
65,214
363
2,971
$335,400
141,816
29,500
$2,705,972
$323,150
22^.2 ;3
10,977
4,575
$2,866,2 43
112,382
456,075
$196,000
13,560
$2,182,187
60,463
3i,37S
16,374
42,6 32
6,193
63,630
Silver.
eat Britain
France
ierinan
Vest InJies
H
$
$.
19,0 >4
50,774
55,931
640
26,899
$2,310, L13
2, 4 925
$19,094
$133,604
61,127
771,411
2,184,243
26U.975
533,586
Mexico
South America
All other countries...
4,235
4,252
$230,938
388,7-.0
382 138
Total 1885
18,000,000
Total 1884
Supply of wheat and
flour afloat to U. K.
qrs
Since Jan. 1.
.Germany
wheat and flour available for consumption in twenty-
throe weens, stocks Sept. 1 not being included:
1884-5.
1883-4.
Imports.
Exports.
Gold.
Total
1883
imports for the week m 1885, $ 105,954 were
coin
and $640 American silver coin. Of the
following shows the quantities of wheat, flour and In¬
exports during the same time, $15,400 were American gold coin.
dian corn on passage to the United Kingdom.
U. S. Sub-Treasury.—The following table shows the receipts
At present.
Last week.
Last year.
1883.
Wheat
and
qrs. 2,410,000
2,300,000
2,055,000
1,770,000
payments at the Sub-Treasury in this city, as well as the
Flour
198,000
194,000
315,000
233,000 balances in the same, for each day,of the past week:
Indian corn
114,000
295.000
2,652,000
2,377,000
2,085,000
2,63S,000
The
Of the above
American gold
358.000
344,000
Balance*.
English market Reports—Per Cable.
securities, &c., at London,
at Liverpool, are reported
follows for the week ending Feb. 27 :
The daily closing quotations for
and for breadstuffa and provisions
by cable
as
Sat.
London.
Tues.
Mon.
Wed.
49*8
Silver. per oz
48*5^g 49*8
d. 48 78
Consols for money
987,6
9S9is
9*9ig
933t6
Consols for account
98&i6
987jb
98iiie 98*4
81-42*2 81-5o
FPch rentes (In Paris) fr 81-57^2 81*35
114*2
L14*2
114*2
U. S. 41*8 of 1891
1145p
1253s
L253s
U. B. 4s of 1907
1253s
125*2
41
40
40
403s
Canadian Pacific
76
763a
Chic. Mil. & St. Paul.... 735g
75*6
14*4
14*4
135s
Erie, common stock.... 1314
128*4
1293*
127*8
Illinois Central
1264
53 7s
54*8
547s
Pennsylvania
537s
9
878
8*2
85*3
Philadelphia & Reading
97
9838
98*8
New York Central
96*s
Sat.
Liverpool.
8.
Flour (ex. State).100
Wheat, No. l, wh.
Bpring, No. 2, n.
44
“
Winter, South, n
Winter, West., n
“
“
Cal., No. 1
Cal., No. 2
Corn, mix., old...
“
“
lb.
10
7
9
7
7
6
“
4
“
Pork, West. mess..# bbl 59
33
Baoon, long clear
Beef, pr. mess, new,$ to 85
Lard, prime West. # cwt 36
Com, mix., new..
58
Cheese. Am. choice
d.
9
8.
10
d.
9
7
1
9
8
6 11
3
9
7
6
6*2
0
0
0
0
4
58
33
86
36
58
t.
d.
8.
9
10
4
5*2
57
33
86
36
58
d.
9
7 0
9 8
6 10
7 3
6
8
9
8
6 11
7 3
6
8
6
9
3
9
0
0
0
6
0
Wed.
10
6
l'
8
0
Tues.
Mon.
6
0
0
0
6*
0
4
58
32
86
36
58
3*2
0
6
0
0
0
Thurs.
Fri.
49*8
49’s
9^,6
987,6
98* «i6
985*3
81-67*2 81-50
1145s
1145s
125*2
125*2
40 3*
41*8
75*4
755g
1430
14*4
130
129*4
547e
5478
9
9
975s
97*2
Fri.
Thurs.
8.
10
d.
9
8.
10
7 0
9
8
6 10
3
7
6 8
7 0
9
8
6 10
7 3
6
8
4
57
32
86
36
59
3*2
6
3
0
O
0
d.
9
4
58
32
86
36
58
5*2
0
0
0
0
0
©mixraerclal anti miscellaneous ileurs
Imports and Exports for the
Week.—The imports of last
Payments.
Receipts.
Date.
$
Feb. 21.
“
23
“
24
“
25.
“
26.
a
27
1,467,560 37
i,830,563
92
1,491,078 99
902,026 57
*14,33 1,978 33
Coin.
$
$
573,937 16 132,674,840
Iloi day
1,081.281 47 133,148,469
928,213 77il33.5 3 *.696
1,14.3,359 93 133.481.829
11,179,706 76 146,569.382
Currency.
$
77 23,764,645 97
75 21,0(6.304
02 24,2 26,943
7s 24,034,176
19 24,102,195
c-
44
39
27
43
4.906.499 09
20,032,213 18
Includes $13,500,000 gold certificate* received from Washington.
Mncliules $ 1.86,000 gold certificates taken out of cash.
—The well-known firm of Fisk & Hatch, which was estab¬
lished twenty-three years ago, is about to go out of business.
The formal announcement will be made in a few days, as soon
as the final arrangements for closing up the affairs of the firm
have been completed. It is understood that Mr. Harvey Fisk, the
Total...
....
—.....
*
senior partner, in connection with one or two of liis sons, will
form a new firm with oifices in the Mutual Life building on
Nass tu Street.
The present house was established in March,
1862, and it soon gained a prominent position in its successful
negotiation of Government loans. From that time the bulk
firm Was in Government, bonds, and
they became an authority on all questions concerning them.
of the business of the
1884, the firm suspended for a few days,
supposed that the trouble was partly ow¬
ing to Mr. Fisk’s absence in Europe, whence he had only re¬
turned a few days before the panic.
—The Knickerbocker Trust Co. of this city has just been
designated as a legal depository of moneys received by the
several county treasurers of the State and of the Chamberlain
of the city of New York, under and by virtue of any law vest¬
ing said treasurer or chamberlain with the funds or securi¬
ties belonging^ to any suitors in any court in this »Stat-».
The
application to the court for this order said: “That the said
foregoing trust company by the investment of its capital, by
the excellent management which prevails in the various
departments of the company, and by the conservatism which
In the crisis of May,
and it was generally
with those of the preceding week, show
an increase
in both dry goods and general merchandise.
The total imports were $7,890,770, against $6,342,557 the pre¬ characterizes all its acts, is entitled to be, and should be, made
ceding week and $5,831,069 two weeks previous. The exports by this court a deposit bank within the meaning and under the
for the week ended Fob. 24 amounted to $5,417,915, against
provisions of rule 68 of the general rules of-practice.”
$5,787,330 last week and $6,425,455 two weeks previous. The
Auction Sales.—The following, seldom or never sold at the
following are the imports at New York for the week ending Stock
were sold at auction this week by Messrs.
(for dry goods) Feb. 19 and for the week ending (for general AdrianExchange,
H. Muller & Son.
merchandise) Feb. 20; also totals since the beginning of the
Bonds.
Shares.
first week in January:
100Brldg’water* UticuTl’nk
$350 Past due eon pons of Jan.
week, compared
28
Dry goods
Qen’l mer’dise..
Total
Since Jan. 1.
Dry goods
Gfen’l mer’dise..
Total 8 weeks..
In
our
1882.
1883.
$4,190,820
6,984,432
$2,149,123
1884.
1885.
$3,205,668
4,777,992
$3,863,284
5,781,980
$11,175,252
$6,927,115
$9,615,264
$ t ,890,710
$25,358,115
51,100,938
$22,573,461
$23,108,730
$18,139,129
47,152,140
44,882,059
37,271,144
$76,459,053
$69,725,601
$67,990,789
4.695,102
$55,410,273
report of the dry goods trade will be found the im¬
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Feb. 24, 1885, and from January 1 to date:
$5
Road Co
FOREIGN IMPORTS AT NEW YORK.
For Week.
Oswego & Syracuse RR.
Co...
1351e ex div.
200 Dtinderberg Mining Co..$3
10 Utah & Pleasant Valley
RR. Co
$3
5 U. S. Trust Co
502
150 Brooklyn City RR. Co....219
3U0 Cin. Wadi. & Balt. RR.
Co.
I\ef
m
Bonds.
$3,000 Ceil. RK.& Bank’gCo.
of (4a. Macon it We-d’n
RR Co., and the South¬
western RR. Co 7s tri¬
partite bds., due 1893..113
$11,0«>o State of Ark. 6^, fund.
debt bond*, due 1900
6%
$4,000 City of Hannibal, Mo.,
6s, comp. bds.. due 1893 90
..
cons
bds.
of the State of La.
9 of
1, 1880, from
$35 each and 2 of *17 50
$50
each
$4,000 Allegany Central RR.
Co. 2d mortg., 6-, gold
bonds, due
25
1922
$30,000 Ohio C«m. RR. (main
4
line) income bonds
$7,000 Jefferson RR. Co. 1st,
"s, bonds, due *889.
90
$500 Cin. Wash. & Balt. RR.
1818
2 ^4
...
$20.00
> Hempstead Imp. Co.,
39
limited,” lsts
$5,000 Hempstead Imp. Co.,
“limited.” 1 s’s
51
$36,868 20 Hempstead Imp.
Co.
“limited,” lets— 50
“
February
261
THE CHRONICLE.
28, 1S85.]
■
■
r*
-
%\xz jankers' 05a2ettc.
DIVIDENDS.
Tlie
following dividends have
Same
of Company.
Railroads.
Chicago * No. W«*Ht pref. (quar.).
Northern IN. II ) extra div
Miscellaneous.
Del. & Hudson
Canal (quar.)
NEW
YORK,
Books Closed.
Payable.
(Day8 inclusive.)
YTa’cli 23 March 6 to March 2 4
2
7
May
1%
Ma’oh 1C Feb.
FRIDAY)
Sixty Days Demand.
February 27.
When
1 April 2 to
27 to March 10
FEB. 27, 1885.-5 F. HI.
Prime bankers’sterling
Prime commercial
71
4
4
4
5
bills on London
Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen (reichmarks)
Coins.—The following
are
84
82
81%
4 87%
2318
40^6
945s
5 205s
405*8
95%
quotations in gold for various
coins:
and Financial Situation.—The past Sovereigns
$4 84 ®$4 87
3 85 ^ 3 90
week lias not developed anything unfavorable in the financial Napoleons
X X Reiolimarks. 4 74 ® 4 78
Guilders
3 96 ® 4 00
situation, unless it be the vote in Congress which indicates that X
Doubloons.15
75 ^15 85
Span’h
the financial policy of the United States is to be dictated for the I\fex. Doubloons.. 15 55 Tblb 65
The Money Market
T-fl
~
■
premium, selling £ premium; Boston, 20@25 discount; New
Orleans, commercial, 75@100 premium; bank, 200premium; St.
Louis, 50 premium; Chicago, 25 discount.
The posted rates of leading bankers are as follows : .
recently been announced:
Per
cent.
■
F
silver bars
1 063*3
Silver %s and %s.
Five francs
Mexican dollars..
Do uncommero’l.
Peruvian soles....
English silver
—
—
—
—
—
99%®
92 ®
83% a
&3 ®
76 %®
4 78
par.
—
—
94
84%
—
—
—
—
a 4 84
1 07% U. S. trade dollars -nom. a
—
—
U. 8. silver dollars
99% a par.
present by the representatives from Texas, Missouri, Colorado, Fine gold bars....
par #14 preiu
99% a par
&c.
The peculiar views of these gentlemen or their prede¬ Dimes & % dimes.
United States Bonds.—Comparatively little business has
cessors
on
matters of currency and
finance have long
been done sin government bonds, and the market is without
been known; the advocates of a depreciated currency now
eature of interest; prices continue strong.
will be found to be substantially the same set that wished
The closing prices at the N. Y. Board have been as follows :
to perpetuate
greenbacks and opposed, the resumption of
Feb.
Feb.
Feb.
Feb.
Feb.
Interest Feb.
27.
25.
26.
24.
23.
21.
Periods.
specie payments by the Government in 1879; the country will not
tolerate it in the end, and when the silver fraud is finally over¬
111% *111% *111% *111%
4%s, 1891
reg. Q.-Mar. 111%
112% *112% *112% *112%
coup. Q.-Mar. *112%
thrown it will give an impetus to business that will be analo¬ 4%s, 1891
122% 122% *122% 122%
4s, 1907
reg. Q.-Jan. *122%
o3
122% *122% *122% 122%
122%
Q.-Jan.
4s,
1907
looup.
gous to the buoyancy which took place after the reign of green¬
*101
*101
*101
'101
s
3s, option U. S
reg. Q.-Feb. *101
*125
*125
backs ended and the resumption of gold payments took place.
*125
*125
*125
X.
&
J.
6a, our’oy, ’95—reg.
*127
*127
*127
*127
*127
A
J.
J.
«
reg.
The buoyancy at the Stock Exchange has been one of the 6s, our’oy, ’96
*129
*129
*129
*129
*129
A
J.
J.
6s, our’oy, ’97—reg.
*133
*133
*132
*132
*132
A
J.
J.
features of the week, and while it may easily be admitted that 6s, our’oy, ’98—reg.
*134
*133% *133% *134
6s,our’oy. ’99.. .recr. J. A J. *133%
a part of the advance in leading speculative stocks
is the result
This Is the prioe bid at the morning board; no sale was made.
of clique manipulation, it is also evident that there has been a
State and Railroad Bonds.—Quite unusual activity has
widely distributed business in the purchase of bonds in small been developed in the dealings in State bonds during the past
lots, which indicates the presence of investment orders in the week, principally in the lower-priced classes, and especially in
market.
the North Carolina special tax bonds, wrhich -were stimulated
by the reports of efforts made to get some recognition of these
The railroads have had a severe month in February, and a
bonds from the State Legislature. Following are the amounts
few of them have lost in comparison with the same month last
of transactions and ranges in prices: $221,000 North Carolina
year, while others make a very good exhibit.
Unless some special tax, at6}@7|@,5£; $122,000 South Carolina 6s, non-fununforeseen difficulties should arise, the month of March ought dable, at 3£@4^; $69,000 Tennessee compromise bonds, at
54@54f; $5,000 do. 6s, at46|; $2,000 Missouri 6s, 1888, at
to be a remarkably good one for traffic on the Western lines.
The trade balance of the country for January is decidedly IO54-4; $2,000 do., 1889-90, at 1084; $5,000 Alabama, Class
A, at 88; $1,000 Georgia 7s new at 1034, $2,000 do. endorsed
favorable, showing a large excess in the value of exports over at 1034, and $20,000 Louisiana 7s consol, at 77.
In railroad bonds the dealings have been more active through¬
imports.
out
the list than in any recent week, and prices have been
Hates for call loans during the week on stock and bond
collaterals have ranged at 1@3 per cent and to-day at strong and even buoyant, many classes advancing quite sharply
within a few days.
Erie 2ds close at 56f, against 56 last week;
1@1£ per cent. Prime commercial paper is quoted at 4@5 per West Shore 5s at 36, against 364; Denver & Rio Grande lsts
cent.
at 924, against 84; Richmond & Danville 1st 6s at 1004, against
The Bank of England weekly statement on Thursday showed 98f; do. debentures at 61, against 60; Missouri Kansas &
Texas consol. 7s at 1024, against 1024; do. general 5s at 54£,
a gain in specie of £523,251, and the percentage of reserve to
against 54; do general 6s at 684, against 69; N. Y. Chic. & St.
liabilities was 46 13-16, against 48last week; the discount rate Louis lsts at
91f, against 88; Louisville & Nashville trust bonds
remains at 4 per cent.
The Bank of France lost 758,000 at 84, against 804; do. general mort. at 894, against 88f; do.
N. O. & Mobile Div. lsts at 80, against 80; do. 2ds at 664,
francs in gold and gained 2,776,000 francs in silver.
The New York Clearing House banks, in their statement of against 654; Northern Pacific lsts, coup., at 1054, against 104J;
Atlantic & Pacific incomes at 174, against 17; Chesapeake &
Feb. 21, showed a decrease in surplus reserve of $1,898,225,
Ohio, series B, at 76, against 74J.
the total surplus being $49,712,850, against $51,611,075 the
Railroad and Miscellaneous Stocks.—Notwithstanding
the absence of important news or developments of a character
previous week.
The following table shows the changes from the previous likely to affect prices of stocks, the market has been strong
There
week and a comparison with the two preceding years in the and at times decidedly buoyant during the past wreek.
were
indications of strong bull manipulation in certain
averages of the New York Clearing House banks.
stocks, which rose sharply without any new or favorable con¬
ditions, but there has also been more general buying than for
1883.
1884.
1885.
Differences fr'm
some time previously.
Feb. 24.
Feb. 23.
Previous 1Veek.
Feb. 21.
The bears have made efforts to bring
about a re-action, but without much success until to-day, as the
Loans ami dis $298,231,500 Dec. $1.221,600 $344, £-23,800 $325,391,0 0
77.866.200
58,50 4,30e prevailing sentiment in the “Street” appeared to be bullish in
101.616,000 Dec. 1,680,800
Specie
ne
..
—
—
•
•
fH
O
*
Circulation
..
deposits..
Legal tenders.
Net
10.9:7,390 uec.
3 >2.171.000 >ec.
36,139,60 j Dec.
•
46,700
4,869,900
1,434,900
14,364,9 h
361,380,290
32.240.200
16,496,700
309,275.20'*
20,023,500
Legal reserve
Reserve held.
$8 V 42.750 rec.$l,217,475
137,755,600 Dec. 3,115,700
$90,345,050
110,106.400
$77,318,800
78,527,800
Surplus
$49,712,850 Dec.$ 1.898.225
$19,761,350
$1,209,000
-Exchange.—The market for sterling exchange has been very
quiet during the past week, and rates are now the same as
quoted last Friday,' though a temporary reduction of ^c. was
made in the posted rates on Tuesday, owing to the movement
of securities to
there.
London, stimulated by the higher prices ruling
To-day the rates on actual business were as follows, viz.:
days’sterling, 4 83.^@4 83^-; demand, 4 86^@4 86£.
Cables, 4 87. Commercial bills were 4 814@4 82. Continen¬
tal bills were : Francs, 5 23| and 5 20|; reichmarks, 94f@94A
and 94J@95; guilders, 40 1-16 and 40|-.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day : Savannah, buying
i discount, selling £ discount @ par; Charleston, buying \
Bankers’ 60
tendency.
Lackawanna, as usual, has led the advance, reaching 1041
on Wednesday.
Northwest has also been very strong and
active, while St. Paul has been unfavorably affected by specu¬
lative rumors regarding the next dividend, and by an incorrect
statement concerning the recent negotiation of its terminal
its
bonds, in consequence of which the stock has not shared in
On Tuesday
the advance to the same extent as other stocks.
morning (after the legal holiday) the strength of the London
market and the accumulation of two days’ orders with brokers
here had the effect of causing a very strong and buoyant open¬
ing, ’which gave prices a good send-off for the week. Delaware
& Hudson followed Lackawanna in the rise, and the reduction
of the quarterly dividend from a 7 to a 6 per cent basis had
little effect
on
the
price.
To-day, Friday, the market was adversely affected by the
failure of the Silver Bill in Congress, and was weak through¬
out, the decline being assisted also by rumors that the next
dividend
was
at
on
or near
Omaha preferred would be
the lowest prices of the day.
passed.
The close
THE CHRONICLE.
262
WEEK ENDING FEB. 3r, AND SINCE JAN. 1, 18S5.
NEW YORK STOCK EXCHANGE PRICES FOR
AND
HIGHEST
.
Saturday,
32 34
*11
37 *3
32
*6
12
*614
39%
32 a4
12 Hi
39%
33 %
OHi
12
8
38%
33%
38%
33*4
•
11
11
•
38%
34%
39%
35%
6%
•
•
9
*6
12
*7
•
«
99
8
Dubuque & Sioux City
•
100 a4
8 Hi
3%
0%
*47
*2%
pref
Evansville A Terre Haute....
Green Bay Winona & St. Paul
Harlem
:
Houston & Texas Central
3%
6%
49%
3*4
18
122
85
18
122
85
13*2 14
15
17
Illinois Central
Do
leased line 4 p. ct
Indiana Bloomingt’n A West’n
Lake Erie & Western
Lake Shore
05;,8
70%
Long Island
27%
Louisville & Nashville
Louisville New Albany & Chic
26 %
76
consol..
Memphis A Charleston
Metropolitan Elevated
Michigan Central
•
•
•
•
9
9
•
•
•
*
1278
26*4
10*4
Ohio Central
Ohio A Mississippi
Ohio Southern
•
•
101% 103
8%
9
63
63
3%
3%
6%
6%
•
■
•
•
*2a4
•
3%
4
6%
6%
3*4
*2%
3*4
*17%
*15
22
19
•
125*8 126
124% 125*8
•
14*4
•
10%
66%
......
-
39%
33
*10
12
37%
34%
*0%
*10%
14
67%
67%
06%
71
71
71
28%
20%
29
71%
29%
71
t
29*4
31%
30%
24
26
76%
77
76%
76%
*24
76%
35*4
86
14%
16%
•
7G34
101% 103%
8%
8%
*3%
*0 %
47
3
4
7
47
3
16
16
125% 126
14
14%
16%
10%
T3%
16*4
14%
16%
64%
67
70
30%
70%
33*4
25
23
23
76%
77
77%
•
*101
63
•
12%
•
29
17
94 %
9*4
•
5
•
10%
93%
35 %
*101
*63
04%
36
....
3<)
*101
64
3o
102
63%
04
34
34%
13
13
29%
9*2
16%
17*4
16%
18
29%
17%
95%
92
93%
9*4
92
■8
122
40
•
9
•
94%
•
5
9
•
t
•
•
•
9
9
■’•34
35
*101%
62%
63
40%
95%
5
10
A
*24
18
25
.3
13%
40%
40%
42%
94%
*4%
8%
95*4
5
92%
*4%
94%
88
87%
13%
29%
16*4
S7%
14*8
29%
16%
9%
13%
13%
13%
30
30
29
16%
16%
16%
16%
11%
8%
180
11%
12%
12
2*4
2 >4
2%
8
7
7
25%
18%
43%
1%
18%
25%
18%
25%
19*4
43%
1%
18%
18*4
42%
1%
•
*16%
17%
•
17%
25%
18%
43%
1%
18*4
13% 14%
14% 15
17% 17%
123% 123%
•
25%
18*4
42%
1*4
18
42%
1%
18*4
10%
13%
14%
ii
ii%
14
11%
14%
15%
17%
17%
17%
123% 124
51
•
22
•
3*4
23
20
37 Hi
•
•
,
18%
121
*123
37%
11%
*2
*7
905
100
52
•
128
7,110 115%
271,360 70%
1,357 102
212,337
84%
3,239 119%
2,624
105
50
7*4 Jan.
1,870
3,200
15
400
14
......
10%
180%
12
2%
8
3*4
......
52%
23
3*4
3*4
•
*37
*82
•
§
20*4
38
81%
25
17%
18%
42
1%
42 '8
*17%
•
89
8S%
»
•
13 ‘4
13%
17%
124
2
52*4
1 '*8
18
54
2
54
*1
24
22
*3
*22%
20%
21
*37
21
38
25
82
21
37%
38*4
.83%
83%
84
81
89%
89
90
89
12%
48%
•
;
!
*4
13
49
5
•
§
•
«
11*2
12%
75 >4
79
t
31
67
54
31 a4
§
68%
a4 00
112% 114
•
90
.
•
•
•
13 <s
15%
17%
124
2
90% Jau.
200
7
7% Jau.
150 114% Jan.
2
33
7
14,000
Jau.
84% Jan. 19
102,776
2
300
4 *4 Jan.
7 % Jan.
3
1,025
87
2
84% Jan.
17,787
11*4 Feb. 2
717
1,770
20
12
61
175
*3
*25 %
58*4
32
59 *4
•
•
•
8
37%
90
30
67%
241
95% 119
Feb. 26!
81% 124
Fob.
Feb. 26! 117
149%
Feb. 241 100*4 126%
6
Jan. 16!
13*4
Feb. 27!
16% 35
Feb. 25!
91% Feb. 25!
5
Feb.
Jan. 17
97*8
9*4
121%
42%
95%
5*8
9%
88
Fob.
Feb.
Fob.
Fob.
Feb.
Jan.
Feb.
21% 38*8
80% 100
69%
Jan. 14
6
30
8
Jan.
320
310
.Tnn.
0
1% Jan. 12
4% Jan. 27
1,350
4,130
35,278
1,495
2,000
20,930
6,450
2,100
2 *8
200
52%
23%
3 *4
1,200
*24
*37%
21
84
26
21
4,400
300
100
400
84
300
100
13%
48%
5
5
*11%
12%
*11%
54%*
51%
55
*1
13
13%
81%
13
13%
79%
83
31%
67%
31%
68%
29
29
<16%
55%
00%
56 %
89
3,150
12%
13%
5
47*4
4%
48*4
4%
13*8
*11%
13%
51%
54%
13%
48%
48
5
55
2
13%
180*4
82%
*1
12
78
12%
27%
GO %
29
67 ‘4
410
260
6,480
25,657
1
55% 56%
114% 114%
*3
6%
*25%
59 *4
32
60%
115
111
*4
5%
*25%
59*4
32
60
3~l %
29
67
67%
55
55%
55% 56*8
114% 114%
114% 115
*3
*25%
58%
5 %
,
32
59%
*3
*25%
58%
5%
32
59*8
-
24
40
105
94%
16%
44%
18%
36%
23
2!
Jan. 14
Fob. 16,
Jan. 15|
Jan.
2'
Fob. 27<
!6%
6
14
18
12
42
27
37%
57%
17
Fob. 26
Fob. 26
Fob. 24
184
4%
1
14%
5
8%
6*4
25%
11%
24
Jan.
34%
17%
16% 60%
7 119% 135
Jan.
3
Jan.
138
Jan. 37
2*8
Fob. 25
Fob. 26
Jan.
7
2
32
12
2|
1%
146%
5
61
32
16%
70
96%
21
Fob. 26
7
77*o Feb
2 l
T ol). 2 <
77 *» Fob.
7j
15
0
90
Fob. 25!
Jan. 26!
Fob. 26|
76*8
Fob. 10,
28
4
9
6
0
21*
Jan. 24
Jan. 31
Jan. 2
3
Fob.
89%
13%
51%
5%
1 1
Koh. 20
14
51
Jan. 27
3
.Tan. 10
11%
45%
■
4
2
80
35
79
24 *•>
79% Jau.
29,105
41,515
20%
19%
104%
78%
51%
39% Jan. 8
87% Jail. 10 i
Feb.
89
13%
12%
48%
12%
79%
S7
.
8%
35% Jan. 30
80% Feb. 3
IS
1,070
51
200
51
140
86
24
50
96
29
50
u
955
38%
8%
14%
28%
71%
17*4
20
8
175
7
1%
Jau.
82
94
4%
Jan. 29
25%
19*4
Jan. 17
36% Jan. 29 43%
1*4 Jan. 16
1%
15% Feb. 14 19
9
Jan.
7 11
36
15
Feb. 16
11*8 Jau. 23 14%
12 % Jan. 22
15%
19
15% Jan. 21
119% Feb. 17 125%
130 *o Jan. 29 140
2%
2 "Jan. 28
44% Jan. 19 53
2t
2
19
Jan.
3%
2% Jan. 26
O
19
17
Jan.
O
25
20% Jau.
25%
11*8
Fob. 20
21
15
133*8
83
2% Fob. 25
8
141
33
10,
63% 100%
25
6*4 13
26 115
127%
58
30
27
25
83% 122%
4
8
10%
17
7*4 20
14% Jan.
8
Jau.
66 *2 Jan.
3
Fob. 20
Fob. 261
Fob.
Jan.
25!
7
Jan.
12!
55
Jan.
4
Jan.
26^8
13%
OP
83
3
Jan. 29
31
73
14
18
70
11%
w
90
90%
5%
49
99
93
22%
84 %
19%
32
61%
1
127%
7
17%
Fob. 24!
114
Fob. 25!
67
1
10
17%
12‘2*o 170
Fob. 2()l
8% 65%
Jan. 10
60% 112
j
9
9
3
Feb.25
5
15
Feb. 10
Feb. 26;
9% 28
Jan. 15|
6*8 17
Feb. 20 118
140%
Feb. 10; 107
127%
Jan. 121 08*4 94%
17*4 Feb. 10
180% Fob. 5
10% Feb. 13 12% Jan. Ol
2,411
534
9
•
Jan.
31
134
43,760
......
19
27
1
12*8 12%
47% 48%
4%
4%
*11 a4 12%
8%
19
29
High
Jan. 17 126
135
80% 90
Feb. 3
50
Feb.
4
80
39
Jan.
3
58%
Feb. 20
24% 57%
Feb. 12
8
12
28
Feb. 24
Jau. 16 38
298
Jan. 31 137% Feb. 27 125*8
14 *0 .Tun,
33 '
9 20
Jan. 27
290,200
82% Jan. 22 104 % Feb. 25 86%
10
Jan.
15
7
14
Feb.
6%
2,993
50
55
Feb. 12,
52
.Trm,
6 65
4
Feb. 26!
3
1,200
2% Jau. 15
520
6% Feb. 26,
4%
4% Jan. 23
200
37 % .Tan. 10 49
30
Fob.13
100
3
Jau.
6
3% Jan. 2
3%
1 90% .Tnn 20 192
Jan. 28 185
525
30
Jan. 14 120
16
Feb. 27
Fob. 10 110
5,155 119% Jau. 17 126
6
84
88% Feb. 17
70
Jan. 16
9
1,510
11% Jan. 19 14% Feb. 21
Feb. 21
3,325
6%
9% Jau. 7 17
59%
180,895
59% Jan. 19 67% Feb. 25
2
62
62
Jan.
71% Feb. 24|
2,170
22
Jan. 16
33*4 Feb. 27, 22%
88,270
700
11% Jan. 6 27*8 Feb. 20, 10
65
Jan. 15 77% Feb. 271
64%
16,725
10
Fob. 14'
3 15
36
23
Feb.
7
4,300
27% Jan. 15
85
90
2 93% Jan. 30
Jan.
54
61% Feb. 24
5
Jan.
51%
10
400
32
31
Feb. 20 34% Fob. 261
Fob. 26!
300
7%
10% Jan. 26 13
17
587
16 29% Fob. 20,
9%
35,949
14% Jan. 22 18% Fob. 26
150
52%
3*4
*17
25
..
*
20*4
25
......
*88
O
Jan. 17
24*8 Jau. 19
82*4 Jan. 2
13,348
•
EXPRESS.
2,110
21
Jan.
1.935
59%
53% Jan. 30 56% Fob. 24
15,019
0
115
Fob.25
2,948 107 % Jan.
30
73,065
Jan. 30
O
53% Jan.
31
90
3%
•
Jan. 30
63% Fob. 10
30
20
49
57%
117
6%
34
78%
•
•
135
*90 *2 92
62
*50
•
109 Hi 109 %
»
134
131%
135
135
*90% 92
91% 92
51% 52
50% 50%
110
*108
109
110
•132
91*4
51
109
132
92
51
109%
*133
92
*50
138
92
52
109% 109 %
205
195
178
135
130
Jan. #2 135
3 93
87 % Jau.
O
48
Jau.
52%
104*8 Jan. 2 110
Jan. 28| 125
Jan. 13|
87
Jau. 1()| 45
Jau.
98
lGj
•
73
•
11 *4
•
Central Iowa
Chicago A Alton, prof
*
lo
1%
•
9
Danbury A Norwalk
%
1%
9
*120
•
135
*120
135
22%
1%
*%
1%
*%
i%
*%
2
2%
3 *4
3%
3%
3
*120
135
%
*120
•
Virginia Midland
•
•
r
•
20
•
6
•
6
Fob. 27
73
20
%
no
sale was made at the Board.
78
Jan.
11 *4 Feb.
Fob. IS
Fob.
Jan. 29 151
Fob. O7
22% Feb.
1*4 Feb.
1*4 Feb. 5
8
50
Jan.
50
Jan.
6
25
Feb.
400
2% Feb.
1 90
T.jt.
99 130
Jan
.Tan! 10 10 Feb.
15
Jan.
110
Jan. 19 116
40
Feb.
40
Feb. 13
20
Feb.
100
19
Feb. 9
10
10% Jan.
Jan. 30
7
Feb.
7
Feb.
6
700
Feb.
17
Feb. 7 17
7
147
200
22
s!
62
11
142
t Lower price is ox-dividend.
•
137
102
61%
115
80%
16
152
24
27, 23%
2
1
5
50
8! 50
5
5
17!
22[ 115 130
21
15
4
19 121
122%
40
13! 39%
27
18
23%
11 ~
8
31
10
5
25
29
14
7
26,
9
264
•
Pennsylvania Coal
prices bid and asked;
7
t
7
100
200
22
*
73
11 *4
•
9
Warren Railroad
Canton Company
Consolidation Coal
Homestake Mining Co
New Central Coal
Ontario Silver Mining
31%
26%
5%
9%
5%
......
16
53
23 %
1
•
•
84
X
22%
3%
%
18
18
•
*
15%
180
0
9%
87%
138
138
52
24
82
20
......
......
...
22%
3*4
87%
13%
10%
•
50
21 *2
*2 a4
9
10
26,627
15,605
9 129
Jan.
5
90%
Feb.
4 65
Jan. 17
44%
Jan. 31 35
Feb. 10 11
Jan. 26 40%
Jan. 31 36
6%
Jan. 7
Jan. 28 12%
8
Jan. 20
Jan.
2 133*4
Jan. 2 122%
Jan. 2 76 *e
Jan. 28 108
Jan. 2 97%
Jan. 2 134
2 114
Jau.
10
25
3
15
10
122
40
5
*7
0
•
x8
18
95%
88
14
30
<
92%
41%
ISO
8
91%
39%
9*4
88
11%
34%
12%
28%
94%
*4%
9%
*86%
ii
18%
93%
29*4
LOW.
Highest.
1,061
34%
12%
28%
17
121% 121% *120
122
*120
•
r*
8
18%
4 3*4
1%
17*2
12%
29 %
9
*120
■
•
13%
27 a4
12%
29%
•
•
•
88
1,600
1,900
38%
35*4
6%
12
Feb.
90
57
37
300
......
•
MISCELLANEOUS.
Cincinnati Sandusky A Clove.
Columbus Chic. A Ind. Centr’
9*8
48
*2%
3%
18% 18%
123% 124
122 % 123%
.
Wells, Fargo A Co
INACTIVE STOCKS.
Atchison Topeka A Santa Fo.
*39*4
*31%
•
10%
2*2
13
14
Philadelphia A Reading
Pittsburg Ft. Wayne A Chic..
Rensselaer & Saratoga
Rich. A Allcg., stock trust ctfs
Adams
American
United States
3%
6 %
8%
...
Peoria Decatur A Evansville.
prof...
Western Union Telegraph
*61
3%
6%
48
•
i'0’2% i'04%
102 *4 104%
9
9
1
•
Oregon Short Lino
Oregon A Trans-Continental..
•
•
10%
2*4
41%
1 '*8
"17%
Do
8
*6*4
60%
64 H>.
*8 *2
*86
pref
These are the
•
•
*4%
Northern Pacific
Quicksilver Mining Co
*11%
35%
6%
12*4
71
1 <;%
*8
prof
Pullman Palace Car Co
6%
12%
14%
16%
07%
71*4
31%
*120U122
38% 39
93 >s 94%
pref
Pacific Mail
*5 %
16*4
66%
34%
93%
..
Oregon Improvement Co
Oregon Railway A Nav. Co...
34%
36
9
31*2
*12
29
16 >2
.
American Tel. A Cable Co
Bankers’ A Merchants’ Tel...
Colorado Coal A Iron
Delaware A Hudson Canal
Mutual Union Telegraph
New York A Texas Land Co..
12
8
38%
34%
*5 %
12*4
*6%
39%
33%
12
39%
*11
12
1
pret
Richmond A Danville
Richm’d A West P’nt Tormina
Rochester A Pittsburg
Romo Watertown A Ogdensb’g
St. Louis Alton A Terre Hauti
Do
pret
St. Louis A San Francisco
Do
pref..
Do
1st pref
St. Paul A Duluth
Do
pref
St. Paiil Minneap. A Manitob.
Texas A New Orleans
Texas A Pacific
Union Pacific
Wabash St. Louis A Pacific...
Do
pret
32%
•
Minneapolis & St. Louis
New York Susq. A Western
33%
*10%
38%
-
Milwaukee L. Shore & West’ri
Nashv.Cliattanooga A St.Loui
40
33
•
*1 41a
*
New York Central A Hudson.
New York Chic. A St. Louis..
Do
pref
New York Lack. A Western..
New York Lake Erie A West’i
Do
pref
New York A New England ...
New York New Haven it Hart
New York Ontario A Western
Lowest.
70
132
•
•
•
*100
Do
pref.
Missouri Kansas & Texas
Missouri Pacific
•Mobile A Ohio
Morris A Essex
39%
61
39'
•
Columbia A Greenville, pref
Delaware Lackawanna A W est
Denver A Rio Grande
Keokuk A Des Moines
New York Elevated
(Shares).
7
7
9
133
133% *131
121% 122% 121% 122
121% 122
121% 122
71% 73%
73
73*4 74
73% 74%
74%
107
107% 107*4 107% 106*4 106%
107*4 108
94
96%
94% 96%
95% 97%
94*4 95%
131*4 134
132% 134
131%131% 132 133
114
114
113% 113% 113% 113% 111% 111%
*7%
-7
8
8%
8%
8%
*7%
8%
17
18*4 19
17
17
17% 18
17%
29
25% 28%
28%
28% 28%
27% 28%
86
90
90
ill
89
89*4 91*4
90*4
38
*30
40
30
38
37% 37% *37
137% 137%
137*4 137%
0
•
Cleveland A Pittsburg, guar
Do
Friday,
Feb. 27.
124
60
39
*60
»
Manhattan Elevated,
Manhattan Beach Co
Feh. 26.
•
*38^
1st pref...
2d pref...
East Tennessee Va. & Ga
Do
Thursday,
Feb. 25.
•
Chicago A Alton
122% i*2*2%
Chicago Burlington & Quincy
71 *4 72%
Chicago Milwaukee & St. Pau
Do
pref *105 106 Ha
92% 94%
Chicago A Northwestern
Do
pref *130 131
113
113 Ha
Chicago Rock Island A Pacific
8
*7*2
Chicago St. Louis & Pittsburg
*15 % 17
Do
pref
*27 *4 27 a4
Chicago St. Paul Minn. A Orn
88*4 88%
Do
pref
35
35
Cleveland Col. Cin. A Indianap
*
For Full
Year 1884.
Range Since Jan. 1,1885.
•
*60
Canadian Pacific
Canada Southern
Cedar Falls A Minnesota
Central of Now Jersey
Central Pacific
Do
Sales of
•
pref.
Burlington Ceil. Rapids A No.
Boston A N.Y. Air-Line,
Do
Norfolk A Western
Do
PRICES.
Wednesday,
Feb. 24.
Feb. 23.
RAILROADS.
Albany A Susquehanna
Do
Do
Tuesday,
Monday
Feb. 21.
Chesapeake & Ohio
LOWEST
the Week
STOCKS.
>
[Vol. xl.
264
'
QUOTATIONS OF STATE AND RAILROAD
Bid.
Alabama-Class A, 1906.
Class B, 6s, 1906
Class C, 4s, 1906
6s. 10-20s, 1900
Arkansas—68, funded
73, L. Rock & Ft. S. iss.
7s, Memp.&L.RockRR
7a. L. R.P.B. & N.O. RR
7s, Miss. O.&R. R. RR.
7b, Arkansas Cent. RR.
Georgia—6s, 1886
87
102
85
105
6
16
Ask.
SECURITIES.
Bid.
88 *a
Louisiana—7a, eons., 1914
76
Ex-matured coupon
j1 Missouri—6s, 1886
6s, due 1889 or 1890....
102
....
m
87
10
22
1
15*8
22
15*8
12
4
101
103*2
7s. 1886
7a, gold, 1890
Asyl’m or Univ.. due ’92
Funding, 1894-95
Hannibal & St. Jo., ’86.
!
112
|
New York—6a, reg.,
1887
6a, loan, 1891
6s, loan, 1892
6s, loan, 1893
N. Carolina—6s, old, J.&J.
(
Funding act, 1900
i
SECURITIES.
Ask.
Bid.
bonds, J.&J., ’92-8
Special tax, all classes..
Do
Wil.C.&Ru.R.
Consol. 4s, 1910
Railroad Bonds.
Morris & Essex—1st,
(Stock Eocchange Prices.)
6a, 1918
Ala. Central -1st,
Alleg’y C6nfc.—lst,6s,1922
Atch.T.&
S.Fe—4^28,1920
Sinking fund, 6a, 1911..
6s, 1910.
Balt.<fe O.—1st, 6s, Prk.Br.
Bur. C. Rap.& N o.—1st, 5 s
Consol., 1st, 5s, 1934...
Minn.&St.L.—lst,7a,gn.
la. City. <£* West.—lat, 7s
Atl. & Pac.—1st,
110
113
14
laiT
*112
138
112
139*2
2d, 6s, 1899
......i Mex. Cent.—1st, 7s, 1911.
1st M., 7s, ex-cp., 6,7ife8
1st, 5s, 1921
5s
2d, 5s, 1913
Reg., 5s, 1913
Central Iowa—1st,7s, ’99t
9.7-a
98
74
75
97
Denv.& Rio Gr.—1st,
>60
East. Div.—1st, 6s, 1912
1st, consol., 7s, 1910
Ill. Div.—1st,
109
103
fuud,1898.6a, gold, seriea A, 1908.
Pur. money
6a, gold, aeries B, 1908.
6a, currency, 1918
Mortgage 6 a, 1911
Chea.O.&S.W.—M. 5-6a...
Chicago & Alton—1st, 7s.
Sinking fund, 6s, 1903..
La. & Mo. Riv.—1st, 7s.
2d, 7s, 1900
St. L. Jack. & Chic.—1st
lat, gnar. (564), 7s, ’94
2d, (360), 7s. 1898
2d,
guar.
105
761*
—
92
*7 i*4
121*4
*99*4
latcon8.a88ented.1899 t
Con v., assented, 7a, 1902
Adjustment, 7a, 1903...
Conv. debent. 6a, 1908..
Leh.&W.B.—Con.g’d.as.
Am.D’k&Imp.—5s, 1921
45
Divisional 5s, 19301....
|
Sandy—6s
Erie—1st, extended, vs ...
2d, extended, 5s, 1919
3d, extended, 4*28, 1923
4th, extended, 5s, 1920.
5th, 7s, 1888
1st, cons., gold, 7s, 1920
1st, cons., id. coup., 7s..
Roorg., 1st lien, 6s, 1908
Long Dockb’nds, 7s, ’93
BufhN.Y.ifcE.—1st, 1916 *127
N.Y.L.E.ifcW.--New2d0 *5 *1
99*2
Collat’l trust,6s,1922.
Buff.ife S. W.—M.,6s,1908
Ev. & T. H.—1st, cons.. 6s
Mt.Vern’n—1st, 6s, 1923
90
Fargo ife So.—1st, 6s, 1924
(188), 7s, ’98
C.R.I.& P.—6s, cp., 1917.
6a, reg., 1917
Ext. A
oh. 5s, 1931
Keok. & Des M.—1st, 5a
Central of N. J.—lat, ’90t
49
*40*4
E.T.Vft.ifeG.—lst,7s,1900t
1st, cons., 5s, 1930
Ill9
Miaa.R.Br’ge—1st. s.f.Os
Sinking fund, 4a, 1919
|
Eliz.Lex.ifc Big
120
Denver x»iv.—4a, 1922..
Plain 4a, 1921
j
lat, 8a. P. D
2d, 7 3-10, P.D., 1898...
lat, 7a, $ g., R.D., 1902.
let, LaC. Div., 7a, 1893.
1st, I. & M., 7a, 1897...
1st, I. ife D., 7s, 1899....
let, C. & M., 7s, 1903...
Consol. 7s, 1905..
1st, 7a, I.ife D.Ext., 1908
1st, S.W. Div.. 6s, 1909.,
1st, 5s, LaC.& Dav.,1919;
lst,S. Minn. Div.,6s, 1910!
1st, H. &D., 7s, 1910.
Chic.&Pac.Div.,6s,1910
lst,Cbio.& P.W.,5s,1921
Min’IPt. Div., 5s, 1910.
..
Terminal os, 1914
Chic. & Northwest.—
Sink, fund, 7s, 1885
Consol, bonds, 7s, 1915.
Extension bonds, 7s, 'So
.__
_
80
45
*72%
*4 3
*50
T*
6*a
113
110
Pitts.Ft.W.& Chic.—1st
&
4th,s.fd.,6s,1892
T.H.—1st,g.,7s
2d, 7s, 1898
2d, guar., 7s, 1898....
Pitts.B.A B.—1st, 6s, 1911
j.---
*
i
91
St.L. V.&
1*01*4'1*02*4
Mich, div.—1st, 6s, 1924
Minn.& St.L.— lst,7s,1927
Iowa Ext.—1st, 7a, 1909
2d. 7s, 1891
S’thw.Ext.—1st.
Pitts. Cleve. ATol.—lst.Gs
Pitts. June.—1st, 6s, 1922
Rome W.& Og.—1 st,7s,’91
Con., 1st, ext., 5s, 1922.
7s,1910
General, 5s. 1920
51
Cons. 7s, 1904*5-6
82
Cons. 2d, income, 1911..
4.1*2
H.ife Cent. Mo.—1st, ’90
50
I Mobile <fe Ohio—New 6s..
Collater’l trust, 6s, 1892
1st, Extensiou, 6s, 1927
Morgan’s La.& T.—lat, 6a
1st, 7s, 1918
Nash.Chat.ife St.L.—1st,7s
2d, 6a, 1901
N. Y. Central—6a, 1887...
Deb. certs., ext’d 5s.....j
V
n L IT
n™ I
1 ft*
N.Y.C.&
H.-lst,cp.,7s.
lst, reg., 1903
Deb. 5s, 1904
!
M
nrv
Rocli.ifc Pitt.—1st, 68,1921
Consol.. 1st, 6s, 1922
Rich. ifcAlleg.—lst,7s, 1920
Rich.* Daqv—Cona.,g.,6s
Debenture 6s, 1927
Atl.ife Ch.—lst,pf.,7s, ’97
Incomes, 1900
Scioto Val.—let, cons., 7s.
St. L. ife Iron Mt.—1st, 7s
2d. 7s, 1897
Arkansas Br’ch—1st, 7s
Cairo* Fulton—1st, 7s
Cairo Ark. & T.—1st, 7a
Gen’l r’y <& 1. gr., 5a,1931
St.L.Alton & T.H.—1st,7a
^04*2
105
1o414'1oU
104
104
2d, pref., 7a, 1894
2d, income, 7a, 1894
lat, 6a, 1905
34
....
Bellev.A So. Ill.—1st, 8a
St.P.Minn.A Man.-lat,7a
2d, 6a, 1909
*aj
Hud.Rlv.-7s,2d, s.f.,’851 "102%
Harlem— 1st, 7s, coup... i 133
131
134
i
1st, 7s, reg., 1900
N.Y. Elev’d—lat, 7s, 1906 119*4 121*2
N.Y.P.& O.—Pr.l’n, 6s, ’95
N.Y.C.& N.—Gen., 6s, 1910
Trust Co. receipts
N.Y. <fc. N. Engl’d-lst, 7a
138
137
2d, 78,1912
3d, 7s. 1912
.*130
Clev.ife Pitts.—C’ous.s.fd. 123*9
99
Jack.Lan.&Sag.—6a.’91.1*^05
98*2 100
117
106
116
80
107*4 lOi*
76
75 7e
107
107^
90%.
627e 63
100*4 10034.
61*4 61*».
88*2
108
*72
80
1127*
112
105
107*4
105*2
103
71*5*
70%
112
105*2 106
97
95
*112
111*2
112
112
Ext.—6s, 1910.. 111%
105
1st, consol., 6s, 1933
1st. cons., 6s, reg., 1933.1
Min’s Un— 1st, 6s, 1922 ios”
34*2; St, P.& Dul.-l8t.5a, 1931 105
102*2 106
112
So.
-
’1*1*64
Dakota
I
Car.
R’y—1st, 6a, 1920
2d, 6a, 1931
**9*1*4 **9*i4l
Shonand’hV.—lat,7a,1909
N.Y.C.&St.L.-l8t,0s,1921
*55
General, 6s, 1921
2d, 6s, 1923
*36 *4
37
7a,1909 *50
Tex.Cen.—1st,s.f..
N.Y.W.SI1.& Buff.—Cn.,5a
15
*35
1st mort., 7s, 1911
116*2
128
129
Registered, 5s, 1931....
Fl’tcfe P.Marq.—M.6s,1920
54
Tol.
Del.
«fe
Burl.—Main.6s
99
ilOO
128
N.Y.Susq.<feW.—1st. 6s..t
Gal. Har.tfe S.Ant.—1st, 6s
*95
!
1st, Dayt. Div., 6s, 1910
Debenture, 6a, 1897
10634
2d, 7s, 1905
*7*7
82*2
1st, Tef’l trust, 6s, 1910
Midland of N. J.—1st, 6s
915,! 92*2
105*8*
West. Div.—1st, 5s
106
Tex.ifc
N. O.—1st, 7s, 1905
N.Y.N.H.AH.—1st, rg., 4s
HI
I
2d, 6s. 1931
Sabine Div.—1st,6a,1912
Nevada Central—1st, 6a..
‘J9V100
Gr’nBayW.&St.P.—1st,6s
1100
N.Pac.—G.l.gr., 1st, cp.,6s 1043p|104rg Va, Mid.—M. inc., 6a, 1927
Gulf Col.& S. Fe—78,1909
37
(104*2 Wab.St.L.ifePac.—Gen’l 6a
Registered, 6s, 1921
104*8
2d, 6s, 1923
7S*2
60*4! 65
Chic.
Div.—5a,
1910
80
N.O.
70
Pac.—lst,6s,g.,1920t
Hann. & St. Jos.—8s,conv.
94 *8;
Hav. Div.—6s, 1910
98
100
Norf.&W.—Gen’l,6s, 1931
Consol. 6s, 1911
77*s
Tol. P.& W.—1st, 78,1917
New River—1st, 6s,1932
80
75
Houston & Texas Cent.—
118
Iowa Div.—6s, 1921
Oliloifc Miss.—Consol, s.fd.
1st, M. L., 7s, 1891t
119
Ind’polis Div.—6s, 1921
128
Consolidated 7s, 1898...
1st, Western Div.. 7s f..
114
Detroit Div.—6s, 1921..
2d consolidated 7s, 1911 110
118
119
1st, Waco <fc No., 7s1
100%
Cairo Div.—5s, 1931
127
130
lat, Springfield Div., 7s
2d, consol., main line,8s.
70
60
**6*i*
Wabash—Mort, 7 s, 1909
Ohio Central—1st, 6s,1920
117
2d. Waco ife No., 8s,1915
60
Tol. <fe W.—1st, ext., 7s 108
1*1*9* 119*2
Torm’lTr.,
6s,
1920
|
lat,
General, 6s, 1921....
i*
80 !
100
lat, St. L. Div., 7s, ’89
117
1st, Mln’l Div., 6s. 1921
Houst. E.cfeW.Tex.—1st,7s ■ *
; 103
95»4
89
2d. ext., 7s, 1893
Ohio So.—1st, 68,1921
125
1.2*6
2d, 6s, 1913
1
—
<31
Equipm’thda, 7a, ’83.
Ill. Cen.—Slid.Div. -Cp.6s !
Oreg’nA Cal,—lst,6s,1921
120®8|122
78
Consol, conv., 7s, 1907
Or.&TranscT—68,’82-1922
119*21
Middle Div.—Reg., 5s... I
I
106*2
78% 80
Gt.West’n—1st,
7a,
’88
Oregon
Imp.
Co.—1st,
6s
llO^illl
C.St.L.ife N.O.—Ten.l.,7s:xliy ;
95*2
109
2d, 7s, 1893
97 )
Oreg’n RR.ifc Nav.—1st,63 108*2 102
1st, consol., 7s, 1897 ..! 121*4’
1*101
Q.tfc Tol—1st, 7s, 1890
10
Debentures,
Is,
1884...
2d, 6s, 1907....
i
1119 |
101
I
Han.ife Naples—1st, 7s
106 3.j l()7
Panama—S.f., sub.6s,1910
119*2
Gold, 5s, 1951.
’
)
Ill.it So. la.—1st,ex.,6s
I Peoria Dec. & Ev.-lst.-6s *100
115
113
1114 ;
Dub. & S. C.—2d Div., 7s
92
95
St.L.K.C.&N.—lt.e.,7s i'02"
:11578
Evans. Div.—1 st,6s, 1920
9434; 95*4
Ced. F. & Minn.—1st, 7s
100
Omaha Div.—1st, 7s
95
!
i Ind. Bl.itW.—1st pref.,7s 115
|
1 Peoria* Pek.U’n—1st, 6s 1 101
Clar’da Br.—6s, 1919
74 j 78 ! Pacific Railroads—
1st, 4-5-6s, 1909
80
112
St.Chaa.Bge.—1st, 6a
Central Pac.—G., 6s..... 111
94 *21 94 V
2d, 4-5-68. 1909
114
109 j
107
No. Missouri—1st, vs.
San Joaquin Br.— 6s.
92*2 |! Eastern Div., 6s, 1921..
99*4
West.Un.Teh—1900, coup. 113*2
100
Cal. & Oregon—1st, 6s 1
!
iilndianap.D.&Spr.—1st,7s
J 1900, reg
113*2
Cal. it Or.—Ser. B, 6s. I *99
102*4
J | 2d, 5s, 1911
1024' N.W. Tolegrapli—7a, 1904
Land grant bonds, Gs. 102
(105*2
136 ;137 Hi: Int.&Gt.No.—1st, 6s, gold
69
69*2 70 i
j Mut.Un.Teh—S.fd,63,1911
West. Pac.—Bonds, 6s 108*4 109
102*4
11 Coupon, 6s, 1909
No.R’way (Cal.)—1st, 6s ! 103
102*4 103 *4 Kent’ky Cent.—M.6s, 1911
97*4
INCOME BONDS.
So. Pac. of Cal.
1st,6s j 97
128
Stamped, 4 p. e., 1911..
42>*
81
593*
77%,
70
75
110*»
102
97
82
107 *a
103
101
75
116
......
69*2.
......
'
Regiat’d, gold, 7s, 1902.
Sinking fund, 6s, 1929..
Sink, fund, 6s, 1929, reg1
Sinking fund, os, 1929..
111 *2
!12878 LSliore.-M.S.&N.I.,8.f.7s *10234!l03
11234
Cleve. & Tol.—Sink’g fd. 102 *8
i 112 *2
105
So.Pac.of Ariz’a— 1st. 6s
i|
So.Pac.of N.Mex.-lat,6a ! *93*4
of N. J.—1908....
A
! 112% 112 *2 iCentral
Union Pacific—1st, 6s
j>(
Land grants. 7s,’87-89;I 108*4 109
7s, 1886.. IO534'
New bonds,
Cleve. P. & Ash.—7s—
Buff. & Erie—New bds.
Kal.ifc W. Pigeon—1st..
|
115
121
do
58,1907
Kans.Pac.—lst, 6s,’95
1896
1st, 6s,
Denv.Div.Gs.as’d, ’99
1st, consol., 6s, 1919
C.Br.U.P.—F.c.,7s, ’95
At.C.ife P.—1st,6s, 1905
...
Nashv. & Dec.—1st, 7s.
S.& N. Ala.—S.f., 68,1910
Louisv. C.<fe L.—6s, 1931
Trust bonds, 6s, 1922...
10-40 Abjmt. 6s, 1924..
■L.Euoifc W.—1st. 6s, 1919
Chic.St.L.ife P.—1st,con.5s
Chic. & Atl.—1st, 6s, 1920
75
2d, 6s, 1923
Chic.ife W. I nd.—1st, s.f., 6s
Gen’lmort., 6s, 1932— *
Col.& Green.—1st, 6s,1916'
1 106*2
2dL6s, 1926
70
Col H.Val. & Tol.—1st, 5?
Del. L.& W.—78,conv.,’92
*132
Mortgage 7s, 1907
126
75
120
135
129
i
Sandusky Div.—6s, 1919
Laf.Bl.tfe M.—1st, 6s. 1919
Pac. of
83
78
;Louisv.N.Alb.<fcC.—ist,6s
General mort., 6a, 1914.
Lou. N. O.ifc Tex.—1st. 5s
'89*
Manhat.B’ch Co.—7s,l 909
N.Y.&M. B’h—lat,78.’97
this week.
Mo.—1st, 63...
St.L.& S.F.—2d, 6s, Cl.A
3-6s, Class C, 1906
94**
3-6s, Class B, 1906
lat, 6a, Pierce C. ifc O.
Equipment, 78, 1895..
Gen’l mort., 6s. 1931..
So. Pac. of Mo.—1st,6s
Tex.ifc Pac.—1st, 6s,1905
Consol., 6s, 1905 t
Income & Id. gr., reg..
Rio G.,6s, Aug.cp. on..
*89*4
do ex Au" coup.
Gen. mort. it Ter. 6s.
84
68
*83*
93
Friday; these are latest quotations made
Oreg. Short L.—1st, 6s
Ut. So.—Gen., 7s, 1909
Exton., 1st, 7s, 1909
Mo. Pac.—1st, cons., 6s.
85
>
Pennsylvania RR.—
Pa.Co.’s
guar.4*2S,lst,cp
t Coupons off,
:
!
107*2 107 %
93
9 2 34
J
„
!
95
......
.
85*2
.
97*2
....
92
*97
ivijj luOl
j
-2d, inc.
98*4
15
*25
i 1 lob.<fe O.—lst,prf., deben.
*103*2
1
!
1
2d, pref., debentures
3d, pref., debentures
1
101*2'
4th, pref., debentures ..
100
100*2 I I. Y. Lake E.&W.—Inc.Ga
i.Y.P.ife O.—l8t,inc.ac.,7s
100*2
ihio Cent.—Income, 1920
Min’l Div.—Inc.,7s,1921
104*2
104
109
92
::::::
15
20
3a
20
-
-
T -»
25
*25
'71
55
26
i
1
103*4
“84
Consol., inc., 6s, 1921...
I ■Ill. L. Sh.ifc W.—Incomes
13®a
13*2
nd’sDec.ife Spr’d—2d,inc.
Trust Co. certificates..
J .eh. & Wilkesl). Coal—’88
.ake E.ifc W.—Inc.,7s,’99
Sand’ky Div.—Inc.,1920
1 -laf.Bl.ifcMun.—Inc.,7a,’99
•
‘‘*83
......
l!(
109
_
Ill.—Inc., 1907
!j
ii’b4!
*100
90
90
At. J. Co.& W.—1st, 6s
90
82
|((
Sinking funds, 8s, ’93.!1 * 1187h
H378 119
Reg, 8s, 1893
“*ibi 119
Collateral Trust, 6s...
.
St.P.<fc S.C.—1st,68,19191*118
Chic.ife E.I11.—1st,s.f.,cur. 106
17*»
17
..
105*2
5s, 1929, reg
100
96 78' 97
Slnk’gfd. deb., 5s, 1933
96 j
Det.M.ife T—1st,7s,1906
25 years deb. 5s, 390S*..
13
'
Lake Shore—Div. bonds
Escanabait L.S.—1st,6s
Consol., coup., let, 7a.|*1‘28
DesM.ifc Min’ap.—1st,7s
Consol., reg., lat, 7a... *127
Iowa Midland—1st, 8s..
130
Consol., coup., 2d, 7a..
Peninsula—1st, conv. 7s
123
122
a4
Consol., reg.. 2d, 7s
Chic.ifc Milw’kee—1st,7s
106
106*2
Win.&St.P.—1st, 7s,’87
Long I si. RR.—1st. 7 s, ’98
125
consol., 5s, 1931
1st,
2d, 7s, 1907.
Louis. West.—1st, 6s
Mil.* Mad.—1st, 6s, 1905
Louisv. ife N.—Consol.,7s.
Ott. C.F.ife St.P.—lst.5s 102*2 103
Cecilian Br’cli—7s, 1907
C.C.C.& Iud’s—lst,7s,s.fd. *120*2 124
*117
N.O.ifeMob.—lst.Oa,1930
Consol. 7s, 1914
*117
2d, 6s, 1930
-Consol, sink, fd., 7s,1914
E.H.&N.—1st, 6s, 1919 102
98*4 101
General consol., 6s, 1934
General, 6s, 1930
1 39*2
Cliic.St.P.Min.ife Gin.—
Pensacola Div.—6s, 1920 *
n234’113*2
Consul. 6a, 1930
St. L. Div.—lat, 6s, 1921
C.St.PifcM.—1st,6s, 1918 119*2
110
2d, 3s, 1980
No. Wis.—1st. 6s, 1930.
Sink, fund,
54
_TT,#>
j
1
C.ife L.Sup.Div., 5s, 1921
W18.& Min.Div..5s. 1921
*No prices
TOG *2
Pac. Ext.—1st, 6s, 1921.
Mo.K.it T.—Gen’1,63,1920
..
39
39
,
Chie.Mil.& St.Paul—
8yr.Bing.ife N.Y.—1st,7s
1st, reg., 7s
2d, 78,1913
1902 127
No.—lat, 6s, 1910
1st, 6s, 1884-1913 ......
I
Penn. RR.—ContinuedPa. Co.’s Reg., 1921
Pitt.C.ife St.L.—lat, c.,7s
97
Coupon, 5s, 1931
Registered, 5s, 1931
119*2! Milw.
—
II8V2
*118*2
6a, sinking fund, 1901..
5s, debentures, 1913
la. Div.—S. fd., 5a, 1919
95*2
Eliz.C.&N.—S.f.,deb.,c.,6s
72*2
1st, 6s, 1920
llS^a
118
Det.Mack.&Marq.—1st, 6s
Land grant, 3*23, S.A...
'*27*4
26
Cliic.Burl.& Quincy—
Consol. 7s, 1903
1st, 7s, 1885
Coupon, gold, 78, 1902..
1900
Den.So.Pk.ifc Pac.—1st, 7s
Den.ife RioG.West.—1st,6s
6s, 1912..
Char. Col. & Aug.—1st, 7s
Chesapeake & Ohio—
Mich.Cent.— Cons.7s,
123*2
Consol. 5s, 1902
120
6s, 1909
.
Buff. N.Y. & P.—Cons., 6s
General, 8s, 1924
|
115
54%
Bid.
SECURITIES.
110
Motropolit’n El.—1st,1908
125
Ask. I
Bid.
SECURITIES.
Ask.
Registered, 7s, 1894 —
1st, Pa.Div., cp.,7s, 1917
1st, Pa. Div., reg., 1917. *129*2;
110
Alb. ife Susq.—1st, 7s ...
104 V
2d, 7s. 1885...
127
1st,cons., guar.7s.1906 122
1st, cons., gu., 6s, 1906 113*2
Rens. & Sar —1st, cp.,7s 137
137
1st, reg., 7s, 1921
94
90
109
......
48
46
BONDS.
Bid.
2d, 7s, 1891
Ronds, 7s, 1900
★
7s of 1871,1901
1st, consol., guar., 7s..
N.Y. Lack.ifc W.—1st, 6s 119
75
Construction, 5s, 1923
*117
Del. ife Hud. Canal—1st, 7s 113
*113
10514 106
1st. ext., 78,1891
*
118
92 *b
Coupon, 7s, 1894
C.Rap.I.F^&N.—1st, 6s *08
Can. So.—1st, int. guar.
7s
6a,
5%
Virginia—6s, old
84
84*2
6s, new, 1866
110
112
6s, consol, bonds
6s, 1919
105*s
6s, ex-matured coupon.
Ohio—6s, 1886
6s, consol., 2d series—
South Carolina—
6s, deferred
6s, Act Mar. 23, 1869 (
4
4*4 District
of Columbia—
non-fundable, 1888. \
109
107
3-65s, 1924
Brown consol’n 6s, 1893
49
46*2
Registered
Tennessee—6s, old,1892-8
48
46
Funding 5a, 1899
6a, new, 1892-8-1900 ...
107*2
117
107
113
115
117
30
10
new aeries, 1914 ....
C’mp’mise,3-4-5-6a,19l2
18
•New
1
| Del. L. & W.—Contin’d
Tennessee—Continued—
N. Carolina—Continued—
*6*6
64*2
Ask.
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.
RAILROAD
SECURITIES.
BONDS, FEBRUARY 27, 1SS5.
BONDS.
STATE
SECURITIES.
263
THE CHRONICLE.
28, 1885.]
February
•
•
584^
29
"i”
“4%
23
24
c
106
Evansv. Div.—Inc.,
373a
56*2
53
*51
99
58*4
' 99*2
j! 8
*25
45
I
5334! 1
53
1920
7a.
S
St. L.A .& T. H.—Div. bda
►33*2
‘30
*29*'
52*»
......
32
i«i
THE CHRONICLE
264
Quotations In Boston, Philadelphia and Baltimore.
New York Local Securities.
Insurance Stock List.
[Prices by E. S. Bailey, 7 Pine St.]
Bank Stock List.
Marked thus (*) are Par.
not
National.
^Tnnr)CA*
Exchange...
Amer.
Butchers’ <ft Drov’s’
t'tont.rAl
.
rhiuA
Chatham
Chemical
City
Commerce
Continental
Corn Exchange*....
Eleventh Ward*....
Fifth
Fffth Avenue*
First
Fourth
Futt-OTI
Gallatin
Garfield
German American*.
German Exchange*
Germania*
Greenwich*
Hanover
Imp. & Traders’
Irving
Leather Manuf’rs’..
Manhattan*
Market
100
100
25
25
100
100
25
100
25
100
100
100
100
25
25
100
100
100
100
30
50
100
75
100
100
25
100
100
50
100
50
100
100
110
Nassau*
New York
Nav York
County
Exch...I
Ninth
North America*....
100
100
100
50
100
100
100
100
70
30
North River*
Oriental*
Pacific*
Park
People’s*
Phenix
Produce*
Republic
St. "Nicholas*
Seventh Ward
Second
Shoe & Leather
State of New York*
Third
Tradesmen’s
Union..
United States
Wall Street
West Side*
25
50
100
25
20
50
100
100
100
100
100
100
100
40
50
100
50
100
....
17
Citizens’
20
70
City
100
Clinton
Commercial
Continental
50
100
40
Eagle
100
Empire City
30
Exchange
50
Farragut
17
Firemen’s
10
Firemen’s Trust—
Franklin & Einp.. . 100
100
German-American
50
Germania
50
Globe
25
Greenwich
100
Guardian
15
Hamilton
50
Hanover
100
Home
50
Howard
100
Irving
30
J efferson
Kings C’nty (Bkn.). 20
40
Knickerbocker
Long Isl’d (B’klyn) 50
Manufac. & Build.. 100
25
Mech. & Trailers’
Mechanics’ (Bklyn) 50
50
Mercantile
50
Merchants’
50
Montauk (Bklyn.)..
50
Nassau (Bklyn.) ...
37 V
N ational
35
N. Y. Equitable ...
100
N. Y. Fire
50
Niagara
25
North River
Pacific
25
100
Park
20
Peter Cooper
50
People’s
50
Phenix
25
Rutger's
50
Standard
.'.... 100
Star
100
Sterling
25
Stuyvesant
25
United States
10
Westchester
Williamsburg City. 50
-
-
......
r
.
-
......
150
100
145
140
154
250
138
129
150 3
143 V 145 V
150
138
133
Metropolis*
Metropolitan
Mnmy K)l]*
.
150
125
100
100
Mere.n ants'.
.....
113V 115
25
Merchants’ Exch...
•
Brooklyn
.
25
100
50
50
...»
525
Mechanics’
Mercantile
50
American
Amer. Exchange... 100
25
25
Broadway
156
122 V 124
240
140
109 V
180
145
2300
125
250
150
149
108
150
.
Par.
COMPANIES.
Ask.
Bid.
Mechanics’& Trads’
N. Y. Nat.
PRICE.
pr: CE.
COMPANIES.
112V
..
i-io
131
80
90
35
28
120
150
140
100
107 V
105
110
135
147
157
144
142
....
1
•
98
102
106
117
98
112
125
105
111
125
[Vol. XL,
Bid.
140
100
135
170
160
125
115
120
40
225
230
75
75
100
75
30
Ask.
150
109
143
180
170
140
125
125
50
230
245
80
100
108
85
70
105
205
120
105
220
60
100
111
220
125
120
120
50
40
118
200
80
127
125
60
bO
125
210
90
105
,
.....
110
260
67
108
100
40
112
75
95
63
65
100
100
145
80
145
70
120
105
165
100
140
100
130
no
95
40
50
100
123
120
210
50
105
107
150
87
155
80
125
no
175
108
150
no
135
120
100
55
57
120
130
125
225
i*32 V
108
Bid.
SECURITIES.
BOSTON.
Atch. & Topeka—1st, 7s.
Land grant, 7 s
Boston & Maine—7s
Boston & Albany—7s —
1213-i
Exempt
Nebraska, 6s.Non-ex’pt
Nebraska, 4s
Conn. & Passumpsic—7s.
Connotton
5s
Valley—6s
63
--------
Pueblo & Ark.
Par.
Amount.
Period
Rate
Date.
pref.
Lansing & No.,
Eastern, Mass
Fltchbarg
Flint & Pere Marquette.
Preferred
Fort Scott & Gulf
Preferred
Iowa Falls & Sioux City.
Kau. C. Clin. & Springl’d
Kan. C. Springf. & Mem.
Little Rock & Ft. Smith.
Louisiana & Mo. River..
Preferred
Maine Central
Marq. Hough t’n& Onton.
Preferred.
47
116
13
*80
*94
70^
31
19
Rutland—Preferred
132
84
no
85
PHILADELPHIA.
railroad stocks, t
Allegheny Valley
Ashtabula & Pittsburg..
19ia
83
Brooklyn Gas-Light
Bonds
Consolidated Gas
25
20
1,000
Jersey City & Hoboken.
Metropolitan—Bonds
Mutual (N. Y.)
...
100
20
Scrip
People’s (Bklyn.)
Williamsburg
Var’s
50
Nassau (Bklyn.)
Bonds
Bonds
1,200,000 Var’s
259,000 A. & O.
35,430,000
1,000
100
1 000
25
Var’s
10
Bonds
2,000,000 Var’s
1,000
Bonds
Metropolitan (Bklyn.)..
Municipal—Bonds
Falton Municipal
Br>i„.a
*
Equitable
Bonds
1,000
100
1,000
100
ioo
1,000
756,000
700,000
3,500,000
1,500,000
J. & J.
F.& A..
Quar.
M.&N.
1.000,000 Var’s
700,000,' M.&N.
1,000,000 J. & J.
400,000 M.&N.
130.000 J. & J.
Quar.
1,000,000
1,000,000
1,000,000
750,000
3,000,000
300,000
2,000,000
1,000,000
A. & O.
M.&N.
J. & J.
A. &
6.
5
N’r 10, ’84 130
83
3
Jan. 1 ,’85
3 V S’g F.,’99 107
83
7 V Jan. 1, ’85 135
3
1902
107
2V Jnn. 10/85 122
3
no
1902
2
Jan. 1,’85 119
2 V Nov. 1.’84
93
3
Dec. 15284
80
3V Nov. 1,’84 105
3
Oct. 1 .’84
98
2 V Jail.20,’85 133
3
1900
106
3
Jan. 1,’85
94
3V
1888
105
148
3
Jan.15/85
6
1
1900
101
|
96
6
103
„
-
151ia
149
6ia
17ia
1214
1
1900
no
101
137
no
96
no
150
105
98
105
[Quotations by H. L, Grant, Broker, 145 Broadway.]
Bl'CKOl Ot.Ot E Ltit.J?'.—OIK
1st mort
fir’d way & 7 th Av.—St’k.
1st mort
Brooklyn City—Stock
1st mort
1UU
1,000
100
1,000
10
1,000
Bklyn. Crosstown—Stock
100
1st mort. bonds
Bushw’kAv. (Bkluj—Sl'k
1,000.
Central Crosstown—Stk.
1st mort
100
100
900,0001 J. & J.
700,000 J. & J.
2,100,000 Q.- J.
1,500,000 .1. &
D.
2,000,000! Q.— F.
800,000!J. & I.
200,000 j A. & O.
400,000 J. & J.
500,000; Q.— F.
600,000: Q.— J.
1,000
250,000; M.&N.
100 1,800,000: Q.— J.
Cent.Pk.N.& E.liiv.—Stk
Consol, mort. bonds
1,000 1,200,000 J. & D.
100
650.000, Q — F.
Christ’ph’r&lOtk St—Stk
Bonds
1,000
250,000 A. & O.
100 1,200,000! Q.— F.
DryDk.E.B.& Bat’y—Stk
1st mort., consol
500&C.
900,000 J. & D.
100 1,200,000 F.& A.
Scrip
100 1,000,000. Q.— J.
Eighth Av.—Stock
100
Scrip
1,000,000! F & A.
100
42d A, Gr’nd St.FTy—Stk
748.000, Q.- F.
1st mort
236,000 A. & O.
1,000
Houst.W.St.&P.F’y—Stk
1st mort
Second Av.—Stock
3d mort
Consol
Sixth Av.—Stock
1st luorti.
Third Av.—Stock
Bonds
T.venty-tliird St.—Stock.
1st m*»rt
*
100
500
100
1,000
1,000
100
1,000
100
1,000
100
1,000
0
4
7
O
’851 21V
J uly,
1900,111
’851170
Jan.,
June 1901;
103%
’85 216
Feb.,
Jan., 1902 108
'84,168
/)cr.,
Jan.-, 1888:105
’85 162
Feb.,
IV Jan.,
’85i150
Nov., 19221110
’85; 145
Jan.,
6
2
7
1902 121
'85 132
1898;]
10
Get.,
Dec.,
IV Feb.,
7
2 V Feb.,
’851190
J une
7
’93 T 14
6
Feb., 1914 101
2 V J an.,
’85 240
b eb.. 1914 105
6
4
’85 245
Jail.,
7
April ’93 112
250,000! Q.— F. 2 Feb., '85 140
500,000 J. & J. 7
July, ’94 111
’85 181
1,862,000 J. & J. 0
Jan.,
150,000: A. & O. 7
April , ’85 100 V
7
’88
105
1,050,000, M.&N.
May,
Nov., ’84 160
1,500,000 M.& S. 5
'uly, ’90 110
500,000 J. & J. 7
Feb., ’85 285
2,000,000 Q.— F. 6
Jan., ’90 111
2,000,000 J. & J. 7
600,000 F.& A. 4
Feb., ’85 185
250,000 M.&N. 7
May, ’93 110
This column snows last dividend
% Jail.,
7
2
5
3V
on
.
25 V
112 V
172
i 04 V
221)
112
175
112
167
160
112 v
146
123
137
116
193
116V
Bell’s
Gap
;..
Buffalo N.Y. & Phil......
Preferred
Camden & Atlantic
2 34
17ia
53
2d preferred
Delaware & Bound Brook
East
Pennsylvania
Elmira & Williamsport..
Preferred
27,
3ia
Preferred
Catawisaa
1st preferred
243
47
54
Preferred
Northern Central
North Pennsylvania
24
58
64
Cons. 6s,
Cons. 6s,
gold, 1901.
gold, 1908.
Gen., 4s,
v
195
40
40*4
Mort. RR., reg., 1897 .
Cons., 7s, reg., 1911 ...
Pennsylv.—6s, cp., 1910..
Scliuylk. Nav.—1st,6s,rg.
2d, 6s, reg., 1907
,
pref
Parkersburg Br
1*2*6"
120
78*a
86*4
79V
87
65
32
25
27
96
119
110
100
W.Md.—6*9," 1st; g.VJ. &"J.
95
guar, by W.Co.,J.&J.
6s, 3d, guar., J. & J
WTilin.C.& Aug.—6s
No.Central—6s, ’85, J.&J.
6s, 1900, A. & O
6s, gold. 1900. J.&J
5s, Series A
5s, Series B ..
Pittsb.&Con’ells.—7s J & J
Union RR.—1st, gua.J&J
Canton endorsed....
gg
106V
75V
108
83
.....
117
83
104V
78
70
175
127
117
72 V
180
48*a
*
13 V
60V
63 V
100 V
14
112V
89
106%
93 V
99
60 V
30*4
9634
69 V
118V 120
115 V
103 V
102
120 34
114
125
125 V
105
2d, guar., J.&J
2d,
Wil. & Weinon—Gold, 7s
t Per Bhare.
99
98V
115
112
122
113
107
96%
Virginia & Tenn.—5s
6s, 1921
75
Columbia* Greenv.—lsts
103 ia
15
Ashtab. & Pittsb.—1st,6s
1st, 6s, reg., 1908
Belvid’o Del.—1st,6s,19021
98 V
67
30
2d, 6s, 1885
3d, 6s, 1887....
Bell’s Gap—1st, 7s, 1893.
1st, 6s, 1905
Consol., 6s, 1913
Buff. N.Y.& Phil.—1st,6s
2d, 7s, 1908
9
121
92*8
98%
101V
stocks, but date of maturity of bonds.
120
2d
Cin. Wash. & Balt.—lsts.
2ds
3ds
117
Ex-dividend.
98V
:
107*4
Balt.&Ohio—6s,/85A.&0
Cen. Ohio.—6s, lst.M.&S.
Chari. Col. & Aug.—1st..
Inc
Allegh. Val.—7 3-10s, ’96
7s, E. ext., 1910
luc. 7s, end., coup., ’94
*
I
111
87
103
108 V
106 S
2ds
RAILROAD BONDS.
Cons.
I
in
50
Schuylkill Nav., pref...
115
300
113
190
113
I
BALTIMORE.
Central Ohio—Com
50
Pref
50
Western Maryland
50
RAILROAD BONDS.
Atlanta & Chari.—1st—
8*8
CANAL STOCKS.
1st, 7s, 1899
Cons. 6s, 1909
W. Jersey <fe Atl.—1st,6s,C.
Western Penn.—6s, coup.
105
265
108
255
117
150
113 V
185
106
122
106
124
128
old, 1923.
1st pref
107
West
.
120
1893J
Conv. 7s, ep.off, Jan.,’85
Phil. Wil.A Balt.—4s.tr.ct
Pitts. Cin. &St.L.—7s
Pitts. Titus. & B.—7s,cp.
2d
59
5314
Pennsylvania
127
Scrip, 1882
Conv., 7s, It. C., 1893..t
RAILR’D STOCKS. Par
Atlanta & Charlotte...
100
Baltimore & Ohio
6834
51
Lehigh Navigation
94
93 V
594 V 95-
108
115
120
8ia
Nesquehoning Valley....
Jersey
West Jersey & Atlantic..
124V
107 Vi.....
Lehigh Nav.—6s,reg.,’84.
59
Phila. Ger. & Norristown
Phila. Newtown & N.Y..
Phila. & Reading
Phila. Wilm. & Balt
Pittsb.Cin.& St. L.—Com.
United N. J. Companies..
West Chester—Cons. pref.
84
124
135 V
124
60
124
108
54
Preferred
Pennsylvania
Philadelphia & Erie
112
82 V
6s, P. B., 1896
Gen., 7s, coup., 1901.
CANAL BONDS.
52ia Ches. & Del.—1st, 6s,1886
40
Lehigh Valley
Norfolk & West’n—Com.
Debenture coup.,
100V
20
55
126
Huntiugd’n & Broad Top
Preferred
Little Schuylkill
Mineliill & Sell. Haven...
2d, 7s, coup., 1893
Cons., 7s, reg., 1911. ....
Cons., 7s, coup., 1911..
Cons., 6s, g., 1.R.C.1911
Imp., 6s, g., coup., 1897
Gen., 6s, g., coup., 1908
Gen., 7s, coup., 1908
Income, 7s, coup., 1896
Cons. 5s, 1st ser.,c., 1922
Cons. 5s, 2d ser.,c., 1933
Conv. AdJ. Scrip, ’85-88
Warren & F.—1st, 7s,’96
West Chester—Cons. 7s..
W. Jersey—1st, 6s, cp.,’96
Preferred
124
114
121
95
82
110
114
9% ShamokinV. & Potts.—7s
Shen. Val.—1st, 7s, 1909
Gen’l 6s, 1921
Income, 6s, 1923
Income, 5s, 1914.....
149 »a
Sunbury & Erie—1st, 7s.
9
Sunb. Haz. & W.—1st, 5s
2d, 68,1938
Syr.Gen.A Corn.—1st, 7s.
Tex. & Pac.—1st. 68,1906
72ia
.
Consol., 6s, 19u5
13 »a Union & Titusv.—1st, 7s.
United N. J.—Cons.6s,’94
1
Citizens’ Gas-L.(Bklyn)
Easton&Amb’y—5s,1920
16 *4 16 V
120
13%
Wisconsin Central
Preferred
7514
70
71
32
15
70
Ask.
80ia
§53
934
Portland Saco & Porisin.
48
117
130
*73 Hi
70
121
119
120
Norfolk & West.—Gen.,6s
N. R. Div., 1st, 68.1932
N. Y. Phil.cfc Nor.—1st, 6s
Connotton Valley
Det.
110
Delaware-6s, rg.& cp.,V.
—1st, 7s
Del. & Bound Br
98
98V
Sonora—7 s
Inc., 6s, 1933
STOCKS.
Oil City & Chic.—3 st, 6s..
73 V 73 V Oil Creek—1st, 6s, coup..
Atchison & Topeka
$7%
7% Pennsylv.—Gen., 6s, reg.
Atlantic & Pacilic
172V 172%
Boston & Albany
Gen., 6s, cp., 1910
*110*4
Boston & Lowell
Cons., 6s, reg., 1905
174
172*4
Boston & Maine
Cons., 6s, coup., 1905...
172
174
Providence....
Boston &
Cons., 5s, reg., 1919
Boston Revere B. & Lynn 107 V no
Pa. &N. Y. C.-7s, 1896.
Cambridge.
7,1906
54
Perkiomen—1 st, 6s,cp.’87
Cheshire, preferred
Chic. & West Michigan..
Pliil.&Erie—lst.78,cp.’88
11
11 >4
Cinn. Sandusky & Cleve.
Cons., 6s, 1920
Concord
Cons., 5s, 1920
165
Phila. Newt. & N.Y.—1st
Connecticut River
77
Phil. & R.—1st, 6s, 1910..
Conn. & Passumpsic
Ogdensh. & L. Champlain
Bid.
*
Cam. & Burl. Co.—6s, ’97.
Catawissar—1st, 7 s, con. c.
Chat. M., 10s, 1888
New 7s, reg. & coup—
Connect’g 6s, ep., 1900-04
Cor.Cowan& Ant., deb. 6s,
Ask
nov East Penn.—1st, 7s, 1888 5109
Rutland—6s, 1st
Summit Branch
Worcester & Nashua
GAS COMPANIES.
87
119
Val.—7s..
Norwich & Worcester...
[Gas Quotations by Geo. H. Prentiss & Co., Brokers, 49 Wall Street.]
104*3
E1.&Wmsp’t-1 st,6s, 1910
City LawT. & So,—6s.. 107 V 108
5s, perpetual
City St. Jo. & C. B.—7s 119
104
103
V
Little R. & Ft. S.—7s, 1st
Hariisb’g—1st, 6s, 1883..
K. City Sp’d & Mem.—6s io;%
H.&B.T—1st, 7-s, g., 1890
42 Q 42 V
Cons. 5s, 1895
Mexican Central—7s
9% 10
Income
Ithaca&Ath.—lRt, gld.,7s
83
83 V Leh.V.—1 st,6s,C.& R. ,’98
Scrip
---------N. Y. & N. England—6s.. 101% 102^
2d, 7s, reg., 1910
110
110*s
Cons. 6s, C.&R., 1923
7s
...
119
119
Hi
N.
O. Pac.—1st, 6s, 1920.
N. Mexico & So. Pac.—7s
75 V
No.
Penn.—2d, 7s, cp. ’96.
Ogdensb.& L.Ch.—Con.6s
15
Income
Gen., 7s, 1903
Debenture 6s, reg—
Old Colony—7s
Nashua & Lowell
N. Y. & New England ...
Northern of N. Hampsli.
City Railroad Stocks and Bonds.
Bid.
K.
K.
Old Colony
Gas and
117
107
217
119
117
East’rn, Mass.—6s, new..
Fort Scott & Gulf—7s
Metropolitan
Mexican Central
98
150
SECURITIES.
Buff.N. Y.&P.—(Cont’d)—
i st, Tr. bs, 1922
Buff.Pitts.& W.—Gen.,6s
Cam. & Amboy—6s, c.,’89
Mort., 68, 1889
Cam. & Atl.—1st,7s,g.,’93
2d, 6s, 1904
*
Cons., 6 p. c
6s
Boston & Lowell—7s
6s
Boston & Providence—7s
Bnrl. & Mo.—Ld. gr., 7s.
Nebraska, 6s.
Ask.l
$ In default.
110% 1103^
120
§ Last price this week.
February 28,
THE CHRONICLE,
1885,]
KA1JLKOAJJ
BARNINUS.
The latest railroad earnings and the totals from
latest date are given below.
Latest
Jay. 1 to
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the
week ending February 21, 1885:
Average Amount of—
Tan. 1 to Latest Date.
Earnings Reported.
Banks.
Roads.
1884.
1883.
$
104,791
Ala. Gt. Southern
Boat. H. T. & W. 2d wk Feb.
Bur.Ced.R.&No.
Canadian Pacific
Central Iowa
Central Paoitic.. January
5,224
35,089 !
100,090
9.828
..
1835.
$
88,313
7,148
45.934
54,300
$
$
104.791
44,431
314,746
708.764
88,313
40,082
308.582
431,645
30.537
123,420
164 951
1,647.00 >
1,449.785
Chesap. & Ohio. 2d wk Feb.
63.436
66.516
Eliz.Lex.&B.S. id wk Feb.
Chee. O.&S.W..
11,624
26,007
11,48")
419,155
76,055
130.113
17,504
161,315
167,946
1,061,731
16,051
2 4,335
194,914
4:3,653
70,358
146,532
1,122,579
200,194
298,000
317,400
71,500
307,913
2,461,000
2,386.350
329,100
2,100.800
2.4 -2,^18
77,500
26,064
30,672
559.500
581,709
181,321
Chicago & Alton
Chic.& East. Ill.
Chic. Mil. & St.P.
Chic. & Northw.
Cli.St.P.Min.&O. 3d wk Feb.
Chic. & W. Mich. :3d wk Feb.
Cin.Ind.St.L.&C. ;2d wk fob.
Cin. N. O. & T. P. : January
Cin.Wash.&Balt. 2d wk Feb.
Clev. Akron* Col 2d wk Feb.
..
Conuotton Val..
Denver & Rio Gr.
Denv. & R. G. W.
Des Mo. & Ft. 1)
January
..
3d wit Feb.
-
14,295
35.277
201,017
40,6)0
6,991
20,108
94,247
2d wk Feb.
62,015
5,0‘2o
Det.Lans’g* No. 2d wk Feb.
Dub.&SiouxCity 2 1 wk Feb.
7,838
11,400
Evansv. & T. H. 2d wk Feb.
Flint & P. Marq. 2d wk Feb.
Flor.R’way & N. Ul wk Feb.
10,501
January
..
Ft. Worth & Den January
Grand Trunk... Wk.Feb.14
Gr.BayW.&St.P. 2d wk Feb.
Gulf Col. &SanFe January
HI.Cent. (Ill.)... 2d wk Feb.
.
Do
(Iowa) 2d wk Feb
Ind. Bloom. & VV. 4th wk Jan
K.C. Ft.S.& Gull
Kan. C. Sp. & M
Kentucky Cent’l 2d wk Feb.
Lake Erie * W.. 1st wk Feb
3dwk Feb.
Long Island
Louisv.&Nashv 3d wk Feb
Mar.Hough.& O. 2d wk Feb.
Mexican Cent... 3d wk Feb.
Mex.N., all liues January...
3d wk Feb.
MU. L.Sh.&West.
Mobile & Ohio
Nash. Cn.&St.L.
N.O.& Northeast
N.Y. & New Eng
N. Y.Ont. & W.
January...
January...
January
January
January
N.Y.Susq.&West January
..
22.360
21.453
22,264
210,47:4,0^5
92,332
203.000
21,400
50,035
55,642
41.944
13,852
32,074
3 4,945
205,895
4.910
70.000
128,323
19,240
207,640
184,986
..
54.719
230.420
..
123,330
..
70,665
..
182,806
16,913
6,78.
23,193
78,318
192,809
190,124
44.617
23.193
640,742
39.211
91,5i4
82,854
76,69)
1 25.53 8
-*
24,890
324,664
5,589
138,411
20
2U2.200
70,475
271,567
160,871
22,261
158.637
24,896
1,885,395
2,062,831
30,342
41,153
138,411
92,3 >2
269,632
1,231.717
194,7 92
198,685
232,451
190,873
90,864
85,272
73,162
262,153
1,963,915
248,206
1,729,962
26.260
526 03U
2-.800
<,065
1,331.500
33,910
51,732
39,564
19,666
13,18 >
18,4 49
38,087
207,060
4,182
43,153
153,100
132.592
17,650
179.228
186,992
35,738
243,016
121,369
64,055
58,186
103,549
198,036
128,323
121,695
207,640
184,986
54,719
230,420
128,330
70,665
387,970
75,30)
404,216
556,09
139,174
.
327,707
132.592
121,975
179,228
186,992
35.733
243,046
121,369
64.055
377,730
10 >,572
409,816
611,103
227,523
150,580
242,586
45,109
36,973
..
3,277.522
3,574,233
..
91.244
222,017
216.200
..
325,653
80,491
266,889
65,376
..
72 313
56,646
46,052
.
..
..
..
..
..
..
..
Earnings Reported.
Roads.
Week or Mo
1883.
1884.
60,528
106,001
88,713
107,115
34,911
29,212
132,379
120,712
176.260
91 038
50.060
146.674
87,268
50,675
526,877
123,294
533,778
112,703
466,125
93,023
24,0)0
85,069
42,280
29,901
449,307
1,309,564
1,251,083
142.985
83,473
15,760
75.233
43,323
12.483
1884.
7,871,000
Mechanics’
Union
America
Plienix
7,148,000
.
$
1883.
$
$
December. 1,282,739 1,312,739 16,339,540 15,909,440
Atch. T.& S.Fe
130,000
Atlantic & Pac. December.
Chic. Burl. & Q. December. 2.000,3)7 2,170,918 25,483.670 26,110,368
370,079 3.480,617 4,004,702
319,708
Clev.Col.C.* Ind November.
200.538
212,368
14,431
14,580
Danbury & Nor. December.
374,945 3,993,022 4,144,275
370,803
E.Tenn. Va.&Ga. December.
278,701 2,019,439 3,276.8r0
299,1)9
Gal.Har.* S.An. November.
260,337
23,830
37,428
218,316
Hous.E.A W.Tex October...
557,939
589,071
70,512
07,524
L.Rk.&Ft.Smith December.
L.Rk.*M.Riv.& T. | December.
La. & Mo. River December.
Mempli. A Chari.
December
54,8*22
50,100
182 343
39.185
56,229
308,271
54,100
061.082
150,749
1,439,071
410,382
609,930
1,299,42 t
478,003
1,622,*75
20,491,901
6,861,857
510,031
39,025 j
Milwaukee * No i December,
145.918 1,828.830
171.614
Minn. <fe St. Louis i December.
N. Y.L.Erie* W .a December. 1,262,720 1,402.925! 16,641,810
530.357; 5,619,800
45 2,44 *5
N. Y. Pa. & O. December.
9o.7o0
114,174!
Oregon* Cal... November.
271,478 3,371,590 4.069,007
228,192
Oregon Imp. Co December.
30.3u().19 *
Phila.* Read’gh December. 2,315,503 2,297,043 20,863,071
Do
C. & Iron December. lk0 / 4,M21 1,110,430 10.400,972 17,079.490
138,095
131,929 1,727,643 1,673 430
Rome Wat.&Og. December.
258,880
254.467
*14 009
23,289
Bt.Johnsb.&L.C. November.
1,326,96 »
128.868
1,233,291
131,195
South Carolina December
120.614
106,975 1,360,662 1,192.872
8o.Pac.Cal.,N.D. November.
Do So. Div.c. November. 1273.884 t305,473 t3,269 330 t3,763,028
142,9 >5
177,588 1,677,010 2.280.985
Do Arizona.*1. November
737,577
59,426
039,006
59,357
Do N. Mex.c. November.
Union Pacific... December. 2.332,118 2,322.392 25,791.198 28,716,139
83,130
75,400 1,319,648 1,227,654
West Jersey .... December.
.
road.
prior to Juno 1.
Not including earnings of New York Penn. & Ohio
fcNot including Central New Jersey in either year
e Included in Central Pacific earnings above.
*
Decrease on account of su«»w blockade.
Does not include Colorado Division since October 1 in
a
4.201.000
2,02.3,500
9*9,100
14,850,800
3,002,100
6.849.100
433.400
4.759.100
1,130,000
Butchers’* Drov..
Mechanics’ & Tr..
Green wicli
Leather Manuf’rs.
Seventh Ward....
State of N. Y
Americ’n Exch’ge.
Commerce
1.592.800
984,000
778,500
2.588.700
1.149.100
3,787,900
12,286.000
either year.
1,578,000
1,252.000
Republic
Chatham
Nortli America
Hanover
...
2,280,000
2.552.200
Irving.
Citizens’
Nassau
Market
St. Nicholas
Shoe & Leather..
Corn Exchange...
Continental
Oriental
11,703,700
211.700
2,30’,000
703,000
97,400
172.700
1,407,200
715.400
700,000
16.279.200
1.790.300
Bowory
N. Y. County *
German- Americ’n.
Chase National...
Fifth Avenue
German Excli’nge.
Germania
United States
Lincoln
Gar held
Filth National....
B’k of the Melrop..
78,00*6
1,043.200
19,623,300
2.980.300
292,500
572.800
3.857.100
1.874.700
1,010,000
186,000
*
893.100
'2*600
2.220.100
500,600
1.120,100
3.751,000
43,400
14,079,000
17,403.000
4,24'»,7;)0
0,829, too:
2,845,3001
090,200
172.500
771,400
802,6(10
854.000
423*00*6
6,02 4,900
4,077,200
45,000
5,400
1,741.800
448.000
292.300
3.334.700
97U.600
479.100
3.347.000
9,0 49,200
360,00*6
000 000
9,077,0001
298 990
442.800
459.400
484.900
3,201,000'
322,50b
2.530.100
1,918.800'
206,500!
2.778.100
2.112.200
2,799,000
4,821,8(10
539,:00
311,700'
115,000
791,000
475.000
558/400
430,000
976.200
444,000!
492.400
1.332.100
12 2,200]
17,871,200! 7,6 8,500!
13,683.000 6,832, *00 1,327.700
36,000
217,000
1,514,000
213.100
240.200
1,032,000
13.022,400 5.491.300 2,257,900
515,000
6,950,000 1,837,000
342.000
641,000
2,284,000
345,000
1,353,800
4.758.700
4.293.200
1,79
4,100
17,676,200
790.700
4,060,400 1.346.100
320.100
338,000
1,075.100
482.000
200.500
1.916.600
479.700
192.800
1.945.600
193.100
353,900
2,830,400
307.500
2.9.44.100 1.438.200
337.500
855,000
2.534.100
430,000
122,000
1.771.300
102,000
274.500
1.887.500
217.700
3.438.800 1,030,600
188.500
537.200
1.494.200
120,600
140,600
1,011,700
203,800
140,760
1.152.100
230.300
85-7,900
2.959.300
...
1,100
241,500
504.000
1.906.200
Importers’* Trad.
337*200
227.800
481.200
578.100
120.800
4. LOP,800
Park
North River
East River
Fourth National..
Central National..
Second National..
Ninth National...
First National....
Third National
N. Y. Nat. Exch..
450,000
3.729.500
211.700
2.151.700
.
1,107,400
1.403.300
225,100
2,001,600
1.592.500
3.065,200
7.180.600
Peoples’
8.87 1,000
120.000
214.200
123,000
481.300
485,000
233.400
83,300
342.900
528,000
5,970,0001 2,354,000
0,104.700 2,101,600
410.700
000,500
5.059,800
0,081,800
2.704.700
5.290.800
8,580,000
Mercantile
1,300,000
233,000
543.500
101,000
18,041.600
Broadway
12,275.000
9,007.000
8.733.900
401,000
358,700
Tradesmen’s
Fulton
Chemical
Merchants’ Exch.
Gallatin National..
Circula¬
tion.
$
$
1,313,000
10,238,000 4,185,500
503.000
2,518,000
7,007,600 10.972.700
City
202,000
2,094,300;
4*36*700
440* 300
3,356,000
4,048,400
1*63,500
5.394.900
1.952.400
23,200,000
22,491,000
1,712,000
1,020,300
17,090,800
8,013,000
2,910,000
5,507.000
19,900,500
5,006.100
989*900
45,000
211.400
180,000
297,000
41.000
45,000
442,900
175*70*0
1.255.100
2.102.400
223,000
180,000
2.380.700
2,011.000
4,457,000
3.100.200
2,244,000
2.238.200
3.931.500
2,010.200
949.100
45,000
180,000
44,000
176,300
132,000
1.231.300
3,867,000
077,300
298,231,500 101616000 36,139,000 352.171,000 10
report; same as last week.
Total
No
11
The
following
totals for several weeks past:
are
L. Tenders.
Specie.
Loans.
1885.
Deposits.
'05393200 38,191,000 334,418,700 11,078,100 509,830,609
103290300 37.574,500 357.010,900 11,024,000 510, 05,022
101610000 30,139,000 352,171,000 10.977.300 406,053,0*26
“
Boston Banks.—Following are the
144.780,500
21 142,840,000
totals of the Boston banks:
Deposits.
5,310,800
4,571,000
4,083,000
4,270,300
Jan.
Feb.
“
*
Lawful Money.
Loans.
$
98,851,900 22,870,100
97.489.100 22,90 8,400
95.431.100 22,310,000
91,889,300 22,871.000
follows:
1885.
55,193,627
63,213,610
58,243,357
50,238,776
Philadelphia banka
Deposits.*
$
$
$
$
31
7....
72,431,244
72,640,300
73,873,238
14
21
72,037,280
20,895,857
26,722,202
20,429,100
20,204,700
7,748.678
7,707,977
7.750,194
7,718,854
73,002,922
Clear*g$
$
Philadelphia Banks.—The totals of the
are as
Circulation Agg.
$
$
$
7,830,500
7,34),000
7,138,100
7,079,000
14
“
L, Tenders.
Specie.
Loans.
$
Jan.31 140,067,800
Feb. 7 1.6,080,200
*.
Clear’gs
$
$
$
$
101732000 40,224,800 352,343,300 11.285.300 421,422,791
$
1885.
Circulation Agg.
$
Jan.31 293,740,700
Feb. 7 291,047,400
14 299,4 53,100
“
21 298,231,500
“
$
....
Merchants’
165,311
Jan. 1 to Latest Date.
$
3,053.000
2,741.000
1.807.600
3,195,000
1,015,100
11,00.", ,000
8.801.000
Net Deposits
other
than U. S.
Legal
Leg
Tendiera.
Specie.
$
New York
Manhattan Co
Pacific
37.498
..
Latest
231,661
6,883
42,257
Norfolk & West. fd wk Feb.
29,094
44,318
Shenandoah V. 3 wks Feb.
Northern Centr’l January
409,846
404,216
556,092
614,103
Northern Pacific January...
22,839
18,247
Ohio Central.... 3d wk Feb.
3d wk Jan.
Ohio* Miss
71,691
86,410
45,109
36,973
Ohio Southern
January...
3,277,522 3,574,233
Pennsylvania... January
12,217
Peoria Dec.&Ev. 2d wk Feb.
11,598
216,200
222,017
Phila. & Erie
Jauuary
266,889
Blohm’d&Danv. January
325,653
65,376
Ch. Col.& Aug. January
80,494
72,343
56,646
Columbia* Gr. January
46,052
60,528
Georgia Pac.. January
107,115
106,C04
Va. Midland.. January
29,212
West. No. Car. January
34,911
14,803
17,504
Booh. & Pittsb’g 3d wk Feb.
29,899
23,118
St.L.Alton&T.H. 2d wk Feb.
14,952
Do
15,219
(brchs.) 2d wk Feb
7,876
7,672
St. L. Ft. S. & W. 2d wk Feb.
76,475
73,450
Bt.L.&San Fran. 3d wk Feb.
13,738
13,832
Bfc.Paul* Dul’th 3d wk Feb.
449,307
466,125
Bt.P.Min.& Man. January...
29.742
13,591
Tex.& St. Louis. 1 st wk Feb
15,760
24,050
Tol. A.A.&N.M. January
85,069
75,283
Utah Central.
January...
43,323
42,280
Vlcksb’rg & Mer. Jauuary ..
29,901
12,483
Vicksb.Sn.&Pac. January
Wab. St. L. & P. January .. 1,309.564 1,251,083
40.617
47.416
Wisconsin Cent’i 2 wks Feb.
...
115,630
280.6gu
201,617
237,923
45,769
20,168
679,>3
62,615
18,6 14
IS.436
11,227
42,223
19 33
Loans and
Discounts.
1884.
1,647.000 ; 1,449,785
...
265
72,974,900
72,007,009
72,657,482
$
30,684.060
43,167,190
31*.079 657
41,038,753
including the item
Securities.—Following are latest quotations for a
Unlisted
week past:
Bid.
Securities.
Am. Bank Note Co
Atlantic & Pac.—Stock—
West. Div., 1st mort
Incomes
Cent. Div., 1st., now—
I ncomes
Accumul. laud grant —
7\
73
10
9
10
Bank.*Mereh.Tel.—1st M
Securities.
20
.8
75
17
iM.K.&T.—Income scrip..
N. Y. AT. U11. Tel.—Stock.
I ‘i. Y. W. Sh. & B.—Stock.
01
14
19
95
[North Riv. Cons,—100 p.o
North. Pac.—Div. bonds..
Ohio Cent.—Riv. Div.,
Host. II. * E.—New stock
Old
--Bost. H.T.& West.—St’k.
Debentures
Bull. N. Y. * Phila
Pref
Trust bonds, 0s
Chicago * Can.
So.—1st..
Continental Const.Imp.Co
Denv.& Rio Gramle—cons
5s
-
Denv.A Rio Gr. W
Den. R. G. & W., 1st
Pensacola & Atlantic
Guar, by D. *
Edison Electric
Georgia
R. G
Light....
Pac.—stock.
1 st mort.,
6s
Keely Motor
Louisv. & N.—AdJ.
Mexican National
Pref
1st mort
bonds
Mut.Un.—St’ck trust ctfs
38
.
75
12
11 Si
10
167*
2 34
2*4
1**
72
20
09
3
24
7
.....
5
9
33
18
lovj
46
19
39
02-2
14
95 Si
*50
20
734
Settlement, Os
39 Si
70
14
Texas *
5
69
2
*2i
7*3
......
Pac.—Scrip 1384.
New scrip
Tex. & St. Louis—
M.& A. Div., 1st
05a4
mort..
VicKsburg & Meridian..
Prof
1st mort
71
10
221.
1
2d mort
Incomes
.....
4*
74
Postal Telegraph—Stock.
1st mort., 0s
Postal Tel.*Cable—Stock
2
Southern Tel.—Stock
14
1st mort
14S)
St. Joseph * Western
St. Jo. * Pac., 1st mort. 102
41
2d ruovt
Kans. & Neb., 1st mort. LuO
2d mort
State of I’enn.—Set’ni't.38 58f>8
50
6
10
35
443&
2(1 mort
34
47
Pittsburg* Western
0‘s
M.,
1st
1 ncomes
Gen. mort
A. Stiu
Bid.
Jsk.
.
.....
I6S1
17 ^
......
42Si
68 7a
96
35 Si
42 Si
.....
38^
24
27
2
4
93
53
11
......
55
THE CHRONICLE
266
[VOL. XL.
Louis & New Orleans Railroad
Company 5s sold during the
past two years to build and equip these roads.”
Comparative statistics of operations, the income account,
and balance sheet, have been compiled for the Chronicle as
% uv je 51 m jc w 1
AND
follows:
The Investors’ Supplement contains a complete exhibit
of the
Funded Debt ofStates 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, August, October and December, and is furnished with¬
out extra charge to all regular subscribers of the Chronicle.
Extra copies are sold to subscribers of the Chronicle at 50
cents each, and to others than subscribers at $1 per cqpy.
1882.
1,908
Road operated
Locomotives
1883,
1884.
1,928
2,066
310
315
346
8,169
81
8,569
330
Pass., mail and express cars... .)
Freight and other
(
8,773 {
}
cars
1
-)
Derricks, snow plows, &c
346
81
OPERATIONS AND FISCAL RESULTS.
1882.
18S3.
1884.
Operations—
4,354,033
4,755,894
4,848,140
Passengers carried
.114.687.724 113,332,918 123,585,470
Passenger mileage
3,490,276
3,533,562
3,354,085
Freight (tons) moved
.570,215,021 604,632,667 577.542,939
Freight (tons) mileage
1*43 cts.
1*37 cts.
1-48 cts.
Average rate per ton per mile.
$
$
Earnings—
2,749,940
2,747,221
2,693,943
Passenger
8,460,461
8,664,959
7,902,043
Freight
1,538,850
1,652,563
3,507,305
Mail, express, &c
.
ANNUAL
REPORTS.
'
.
.
Illinois Central Railroad.
.
ended December 31, 1834.)
The annual report says of the decrease in gross earn¬
ings in 1884 that “more than one-third of the decrease
was in the
earnings of the Dubuque & Sioux City and
Iowa Falls & Sioux City railroads, which are under a
lease to this company on payment of a percentage of
their gross
By a diminution in the rentals
earnings.
paid to the lessor companies, and in the expenses of the oper¬
ation of these roads, the net result to this company from the
Iowa Division has been, in 1884, a loss of only $32,854, without
charging the Iowa Division with interest on the cars and loco¬
motives used thereon (valued at $591,667), or rent for the
terminal facilities, in Dubuque and in Chicago, owned by this
company.
In 1883 an apparent profit of $35,533 was derived
by this company from the Iowa Division on a like basis.
Many years ago a suit was begun against this company for
an infringement of patents for an improvement in the common
anvil or swedge-block. Last spring the Supreme Court of the
United States gave judgment against this company for $115,138. That sum has been paid out of the income of the last
{For the
year
year.
“The physical condition of the
has been fully maintained in every
property of this company
respect, and the road-bed,
Total gross
expenditure
improvements properly
chargeable to construction, which makes the total sum charged
to permanent expenditures in Iowa $1,321,420.
By the terms
of the lease the lessor is to pay to the lessee the appraised value
of all such improvements at the expiration of the present lease
of the Dubuque & Sioux City Railroad (October, 1887), and
in Iowa
an
the first cost of all real estate furnished by the lessee, if the
Illinois Central Railroad Co. shall exercise its optiop to surren¬
der the lease. This company has, however, the option to renew
the lease in perpetuity, on paying the present rental of 36
of the gross earnings. The attention of stockholders
particularly called to the steady diminution in the value of
these Iowa lines, both intrinsically and as feeders to the lines
per cent
is
in Illinois.
“
The Canton Aberdeen & Nashville Railroad has been com¬
pleted to Aberdeen, and, with the Kosciusko Branch and the
West & East Railroad, will be operated as a continuous line of
118 miles from Lexington, Mississippi, to Aberdeen, Mississippi.
The Yazoo & Mississippi Valley Railroad has also been com¬
pleted and extended through Yazoo City to the northern limits
of the town, with the view of continuing the line towards
Memphis. Both of these lines are exempt from taxation for
twenty years. Besides furnishing a large amount of new
business to the main line of the Southern Division (which in a
measure accounts for the comparatively small decrease in the
earnings of this division), these roads have already earned,
locally, $122,277 gross and $58,680 net, of which $63,672 gross
and $39,095 net were earned in November and December.
“The outlays during the year on capital account, not
charged against income, have been as follows :
$22,297
South Chicago Railroad
Canton Aberdeen & Nashville Railroad
Yazoo & Mississippi Valley Railroad
Iowa Division
-
409,904
128,912
50,637
$611,752
“Since the directors’ last report the company has sold
cago St. Louis & New Orleans Railroad Company’s 5 per
bonds as follows :
Against expenditures on capital aocount during 1883, as stated
*
in last report
For expenditures on Canton Aberdeen &
«fe Mississippi Valley railroads in 1884
Chi¬
cent
$402,000
Nashville and Yazoo
501,000
$903,000
“The debt of the Illinois Central Railroad Company has
been reduced $60,000 by the payment of bonds drawn under the
sinking fund. In this way and by the funding of 7 per cent
and 8 per cent bonds of the Southern Division into fives, the
fixed charges of this company, including renCof Southern Di¬
vision and contribution to the sinking fund, will in 1885 be
about $16,000 less than in 1884.
On the other hand, the com¬
pany will receive in 1885 about $38,000 less from investments
in the bonds and stock of the Chicago St. Louis & New Or¬
leans Railroad Company than was received in 1884. This will
be very much more than made good by the income to be de¬
rived from the first mortgage bonds of the Canton Aberdeen
<& Nashville and of the Yazoo & Mississippi Valley Railroad
companies which will replace in the treasury the Chicago St.
.
...
.
Total
.
Net earnings
.
Per ct. of oper. expen.
*
.
:
Miscellaneous
12,661,709
13,06 4,743
12,190,833
1,348,214
1,493,984
1,118,341
3,065,339
1,124,216
3,288,026
539,554
529,045
1,384,553
1,127,074
3,143,726
473,159
6,071,448
6,590,261
6,435,271
6,629,472
6,128,512
6,062.321
47*95
49*25
50*27
1883.
1834.
$
6,629.472
298,009
202,223
$
6,062,321
188,967
121,206
7,129,707
$
1,891,538
6,372,494
to earn*
Excluding rentals and taxes.
INCOME ACCOUNT.
Receipts—
Net earnings
Interest
Miscellaneous
Total net income
Disb ursements—
Rentals, incl. iut. on bonds of leased
Interest on Illinois Central debt
Dividends
on
lines
*
Total disbursements
Balance, surplus
.
3,300,000
559.980
545.269
632,529
50,000
219,943
250,000
165,138
6,972,797
156,910
6,234,566
137,928
account
Miscellaneous
$
1,787,316
546,900
2,720,000
533,750
III. Cent, st’lc & leased line certs.
Taxes....
Construction accounts
Additional equipment
bridges and rolling stock have been materially improved during
the past year. Upon the leased lines
of $50,637 has been made in 1884 for
earnings
Opcralina expenses—
Maintenance of way, &c
Maintenance of equipment
Transportation expenses
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
Assets—
..
Iowa Division
.
Sprinsrfield Division....
Middle Division
Southern Division
Can. Ab.&N.RR
Yaz. & Miss. Val. RR...
W. & E. Division
So. Cliic. RR
Stocks owned...
Bonds owned
.
.
.
1882.
1883.
1884.
$
33,000,000
1,190,295
1,600,000
1,355,355
28,000,000
$
33,000,000
1,270,782
1,600,000
$
33,000,000
1,321,420
1.600,000
1,432,859
28,000,000
1,882,403
857,694
141,000
193,731
•
1,432,858
23,000.009
.
141,000
1,472,499
728,782
141,000
4,456,000
5,028,000
*513,230
13,228,000
Materials, fuel, &c
Assets in Chicago
841.977
532,566
115,342
Assets in New York....
Assets in New Orleans.
Assets in ins. fund
922,471
114,213
1,730,547
483,469
165,804
4,705,941
65,185
64,829
37,496
76,895,367
73,821,807
29,000,000
9,831,000
74,051 920
$
29.000,000
10,145,000
10,000,000
10,000,000
18,000,000
1,160,000
65,185
13,000,000
1,740,000
64,829
156,909
8,839,182
4,945,182
76,895,367
74,051,920
..
Total assets.
Liabilities—
Stock, common...
171,434
.
.
180,871
.
$
.
.
Chic, St. L. Ac N. O. stock.
Chic. St. L. & N. O. bonds.
Dividends
Insurance fund
.
.
.
Surplus divideud fund....
Balance to surplus.
.
.
'
$
29,000,000
10,035,000
10,009,000
18,000,000
1,160,000
37,486
294,139
250,000
4,995,182
Chicago St. Louis & New Orleans RR. Company stock at 80 per cent,
i Chicago St. Louis Ac New Orleans 5 per cent gold bonds of 1931.
*
Chicago & Alton Railroad.
(For the year ending December 31,1884.)
The annual report states that in the past year 10,541 shares
of the preferred stock and 15,328 shares of the common
stock of this company were issued in exchange for an equal
number of shares of the preferred and common stock of
the St. Louis Jacksonville & Chicago Railroad Company,
pursuant to the agreement between that company and the
Chicago & Alton Railroad Co., dated April 14, 1884. All of the
preferred shares of that company, and all of its shares of com¬
mon stock except 528, have been exchanged, and the transfer
of stock vests the ownership of the St. Louis Jacksonville &
Chicago Railway, subject to its mortgages, in this company.
The statistics show that less than one-tenth of the gross
earnings of the lines during the last year was derived from the
transportation'of farm products shipped at local stations, and
that only 14 312-1,000 per cent of the freight earnings during
the year was derived from that traffic.
“There were consumed in operating our lines during the year
303,457 tons of coal; average cost per ton, delivered on loco¬
motive tender, $1 31.
Also, 6,941 cords of. wood; cost on
tender, $2 72 per cord. The amount paid for labor and per¬
sonal services in all departments during the year \vas $2,931,365.
Of the amount of operating expenses 51 8-10 per cent
was paid for labor, 35 8-10 per cent for supplies of various
kinds and 12 4-10 per cent for miscellaneous expenses.
Eight locomotives and 589 cars for use in passenger and
freight traffic have been built during the last year, to replace
“
12881
February
267
THE CHRONICLE.
28, 1885.J
Dividends
on
preferred stock:
equal number of locomotives and cars worn out, and all Aug. 13,1834, 7 per cent in preferred stock
$350,203
187,092—$537,2 95
necessary repairs have been made to maintain the rolling stock Jan. 1,1885, 3^ per cent In cash
■on our lines in good condition.
Four new buildings have been
Balance of income as of Dec. 31,1834
$235,353
added to our system of shops at Bloomington, at a cost of
'Deferred income from land and stumpage sales
$431,875
$51,437 97, during the year. The replacement of iron rails! •
The gross earnings from the operation of the railroad and
with steel rails of sixty and seventy pounds per yard on al*
our main lines, including first, second, third and fourth main
the net income from the same, after deducting all expenses,
tracks, had been completed at the date of our last annual report.” taxes, interest, sinking fund and fixed charges, and exclusive
The company has now tracks with steel and with iron rails, of land and stumpage sales, were for the past five years as fol¬
an
follows:
as
Miles
Miles
Miles
on
main lines laid with steel
on
branch lines laid with steel
branch lines laid with irou
on
..
66
92
The statistics of traffic, earnings,
fully compiled for four years for the
ROAD AND
399
451
?
846
850
850
850
Pass.,mailA exp.cars
213
124
22 8
1*4
137
Fr’ght cars, all kinds
6,043
6,044
6,544
6,547
operated...
OPERATIONS AND FISCAL
..
7,557,740
earnings
Operating expenses—
Maint’nce of way, Ac.
Maintenance of cars
Motive power. ......
Transport’n exp’ns :
344,368
1,121,048
1,261,139
232,225
Miscellaneous
Total
Net
earnings
P.c.of op.exp.to earn
*
Does not include
8,215,494
8,810,610
.$
$
1,302,328
656,524
1,351,336
1,339,532
230,233
$
1,190,933
228
RESULTS.
Operations—
1881.
1882.
1883.
1,495,606
1,666,991
1.805,140
Passengers carried..
Passenger mileage
92,847,464 101,150,959 106.023,676
Rate $ pass. $ mile.
2*141 cts.
1*823 cts.
1*951 cts.
Freight (tons) moved
3,275.004
3,522,840
3,488,496
Fr’ght (tns) mileage * 447,009,977 474,823.908 549,369,531
1*123 eta.
1*261 cts.
Av. rate $ ton 13 mile.
1*241 cts.
$
$
Earnings—
$
2,270,379
1,973,100
Passenger
1,697,542
6,197,681
5,948,123
Freight
' 5,546,869
294,271
342,550
Mail, express, Ac....
313,329
Total gross
1,273,125
509,362
1,221,417
1,265,862
216,115
1834.
1,907,486
119,946,417
1*899 cts.
3,593,234
602,768.054
1*007 cts.
$
2,273,429
6,073,675
357,170
8,709,274
$
1,349 928
619,271
1,313,544
1,354,197
219,706
4,886,646
3,729,613
4,879,953
3,930,652
51*60
55*33
56*10
4,149,713
3,403,027
4,435,881
5490
3,822,628
company’s frei ght.
INCOMB ACCOUNT.
1881.
Other receipts
306,791
332,547
3,714.813
4,062,160
Total
3,729,613
1,096,995
431,644
762,001
171,662
Construc’n,equip., Ac
Interest on debt
Taxes
Dividends
Miscellaneous
1,077,976
232,510
Jol. ArChi.b’ds red’d.
RR., bl’gs, equip.. Ac.
Construction acc’nt.
Btocks owned, cost..
Bonds owned, cost..
Advances
Bills & acc’ts rec’ble
Materials, fuel, Ac.
Cash on hand
T. B. Blacksrone
Tilden & Meyer, Tr..
Miscellaneous
20,222,701
3,152,517
491,800
3,313.551
109,943
.
Total
Stock, preferred
■Bonds (see Supp’m’t)
All other dues A ac’ts
Bonds canceled
sur.232,730
$
20.225.081
458.600
3,329,639
800.222
827,979
29,280
605,037
774,057
614,177
2,105,148
1,435,119
29,183,329
31,103.038
$
11,181,472
2,425.400
11,501.850
$
12,504,600
2,425,400
*
6,003,691
3,103,300
3,361,620
t 761,453
524,723
955,000
52,732
30,339,554 34,991,605
$
$
12,506,400 14.037,500
3,479,500
2,425,400
795,000
439,100
10,263,850
1,361,081
868,000
439,100
12,600,850
1,090,462
945,000
517,038
493.825
71,569
1,859,031
52,213
1,926.704
187,524
2,235
2,159,434
31,103,038
30,339,553
34,991,605
1,058,400
29,183,329
Includes $3,000,000
37,813
75,352
11,432,850
827,141
726,000
439,100
534,040
105.885
1,442,441
Miscellaneous
Profit and loss
*
$
20.222,701
3,362,046
these
1884.
1883.
3.293,758
89,374
884,502
60,439
52,733
439,100
Kansas City St. Louis A Chic, bonds deposited
with U. S. Trust Co. as security for same amount of Chicago
bonds issued on that line.
t Includes notes of Louisiana A Mo. River RR., $176,183.
A Alton
(For the year ending Dec. 31, 1884.)
regular annual report the following sum¬
mary is furnished to the Chronicle for the year 1884.
The
net income of the St. Paul & Duluth Railroad for the year
ending Dec. 31, 1884, was as follows :
From land and stumpage sales
$64,905
From operation of railroad
475,743
Equipment trust sinking fund, final payment
Not income for year
Balance of income Dec. 31,1883
Applicable to dividends on preferred stock
31,1884.
BALANCE SHEET DEC.
Cost of r’d and equip.
Stocks A bonds owned
Bills Aland contracts
$10,185,369
473,627
433,636
Liabilities.
Pref. stock and scrip...
Cora. stock and scrip...
First raort. bonds. 5 %..
Wood, o’l, supplies, Ac.
Station agents, Ac—
131.698
20,787
Taylor’s FallsAL S.bds.
Accr’d int., rentals, Ac.
210,000 46,763 1
Pay rolls, vouchers, Ac.
101,791
Bills payable A foreign
roads.
Del’d inc from lands..
Bal. of realized inc.:
51,558
431,875
Assets.
76,557
522,012
Minnesota lands
Cash
$5,376,970
4,055,407
1,000,000
Fromcancld.pref.stk.
Div. on pref. stk., Jan.
1, 1885
146,877
In income account...
235,352
187,092
$11,843,689
Total
$11,843,689
Total
Delaware Lackawanna & Western.
son
with the figures
for previous years, compiled for the
Chronicle
1884.
1883.
1382.
18S1.
$
$
Gross rec’fcs, all sources. 27,396,526 27,006,267 32,819.603 31,311,992
Operating expenses
19,632,662 20,163,078 24,165,864 23,393,180
Net
receipts
$
S
7,763,861
6,843,189
8,653,742
7,918,812
8,653,742
INCOME ACCOUNT.
Net earnings
Interest and rentals....
7,763,864
3,558,494
6,843,189
3,620,708
4,946,943
7,918,813
5,113,322
Balance, surplus
4,205.370
1,768.500
3,222,481
2,096.000
3,706,799
2,096,000
2,805.490
2,096,000
Dividends
Rate of dividends
Balance after
diyid’ds.
2,436,870
GENERAL BALANCE AT
1,126,481
Materials, fuel, Ao...
Total
Liabilities—
709,490
1,610,799
CLOSE OF EACH FISCAL YEAR.
1882.
1881.
Assets—
$
$
RR. buildings, equipra’ts. coal lands, Ac. 20,873,357 32,072,860
St’ksA bds.own’d.cost
Net cash A cur. acc’ts
8
8
8
634
1883.
$
1884.
33,089,386
6,503,851
*147,987
1,265,810
$
34,250,418
5,449,713
*527,121
1,019,712
39,030,197 39,556,677 41,007,034
41,276,965
6,265,521
5,763,146
769,469
1,121,850
1,342,820
377,851
26,200,000 26,200,000 26,200,000 26,200,000
4,044,900
4,044.900
4,044,900 4,044,900
1,200,000
439,560
600,000
Stock
Funded debt
Balances
8,711.777 10,322,574
11,032,065
39,030,197 39,556,677 41,007,034
41,276,965
7,585,297
8urplus account
Total liabilities...
In advance of the
for year
Of the lands of the company 1,172,356 acres remain unsold,
which, with 94,080 acres of the Taylor’s Falls branch, are not
included- in the following condensed balance sheet as of Dec.
31, 1881. The cost of road and equipment is increased $64,489
by improvement, construction and equipment expenditures
during the year :
An itemized statement of the “accounts receivable” and “accounts
payable” December 31 (from which this net balance is derived), is given
*
St. Paul & Dulutli.
Total net earnings
Paid interest on bonds
during the present year.”
3,868,716
^
458.600
60,489
47,317
L.&M.Riv.bond acc’t
K.C.St.L.AC.con.ao’t
Total
3,330,746
land and stumpage,
$100,803 income from
all sources for the year. The income from all sources for the
six months ending December 31, 1881, is sufficient to pay the
full 7 per cent on the preferred stock for the fiscal or dividend
year ending June 30, 1885.
This result was secured notwith¬
standing a temporary falling off of lumber traffic, though an
increase in the flour and grain traffic and a material reduction
in operating expenses.
The flour and grain business would
have been largely increased but for the want of sufficient
warehouses, elevators and vessels at Duluth, to be supplied
194), without recourse to the income from
$64,905, and, with it, leave a balance of
(For the year ending December 31, 1884.)
127,600
Liabilities—
Stock, common
$
20,222,701
full 7
$362,-
This company never issues an annual report in pamphlet
form. The very brief statement of income account ana the
balancs sheet published officially are given below, in compari¬
FISCAL YEAR.
1882.
$308,091 net income for 1884 from the operation of the
railroad alone was, for the first time, ample to pay the
per cent for the year on the preferred stock (requiring
2 47,144
$1,323,200 new stock was issued for the purpose of redeeming
Joliet & Chic, bonds and the incomes due Jan. 1,1883, paid off.
$
398,091
1,646,840
88,263
*
1881.
261.24
271,186
217,074
1,194,184
86,963
4,147,801
3,645,518
3,772,788
Total disbursem’ts
Balance, snr. ordef.. def. 57,970 sur.416,642 sur. 67,624
Assets—
The
$16,0
50,24
292,221
770,633
306,000
GENERAL BALANCE AT CLOSE OF EACH
“
incom
700.544
740,759
71,221
761,122
198,621
1,083,030
97,940
*
1830
4,101,446
$
823,565
1,208,277
1,127,534
Net
Gross
earnings.
$596,112
732,630
1,109,840
1,328,527
1,317,314
3,822,623
278,818
4,215,425
$
$
$
Disbursements—
Rentals paid
$
3,930,652
284,773
$
$
3,408,027
1884.
$
1883.
1882.
Receipts—
Net earnings
:
1834...
1884.
399
451
1883.
1882.
399
451
213
124
Total
Locomotives
lows
income, &c., have been
Chronicle as follows:
EQUIPMENT.
1881.
395
451
Miles owned
Miles leased
753
$540,648
$50,000
27,651—
77,651
$162,997
309,651
$772,643
as
follows:
Accounts receivable—
Cash on hand
Coal on hand (less than market value)
Advances to leased roads
Advances on coal to be delivered, Ac
Coal bills and sundry accounts
Assets N. Y. Lack. A
due
Western Railway
Sundry aocouuts receivable
Total accounts
(mounts
receivable.....
payable
Past-due dividends, interest and
Dividend payable iu January
Rentals payable after Jan. 1
State taxes payable after Jan. 1
December
rentals...
pay-rolls, payable in January...
1883.
$1,039,286
500,266
1,517,075
721 ,**41
1,406,282
1,259,900
1884.
$700,812
1,100,494
1,382,543
838,147
1,372,895
950.200
808,261
1,118,012
$7,252,911
$7,463,103
$101,525
$111,393
552,775
1,639,815
427,563
531,800
524,000
1,702,221
479,388
504,608
.
.
I
l
fVOL. XL.
THE CHRONICLE.
268
j
of the company’s prop rty ad¬
joining and sold to companies which could more advantage¬
ously work them, and froui the proceeds of some surface
rights of way through the company’s property.
By direction
of the board the moneys received from these sources have
been placed to the credit of a separate account, called the
Total accounts payable
'$7,104,923
Royalty Fund, which, with the interest thereon, amounted to
Balance of accounts receivable
$527,122
$147,983
$72,737.; to this has been added a royalty upon the output of
1884, $34,460, making in all to the credit of Royalty Fund Dec.
Of these amounts $1,711,419 for 1883 was paid between December
31, 1883, and the time the report was issued, and $3,284,000 for 1884 31, 1884, $107,107.
between Dec. 31, 1881, and Feb. 20, 1885.
This fund is invested in interest-bearing securities, and it
is proposed to maintain and add to it hereafter, as a represen¬
Philadelphia <fc Erie Railroad.
tative (in addition to the existing sinking sunds) of the value
(.For the year ending Dec. 31, 1884.)
.1884.
1883.
several small outlying pieces
$873,336
1,023,659
997,375
720,001
*$6,935,981
$734,336
Unadjusted items of N. Y. L. & W. Railway
348.126
Vouchers due and payable after Jan. 1....
917,139
Sundry accounts payable after Jan. 1
1,225,000
Sundry transier accounts since paid
623,844
Bonds and mortgages
*
;■
!
of the coal which will be mined in the future from
the com¬
simply
property. The company .also holds as a cash asset
the net pany’s
$100,000 of first mortgage bonds of the Cumberland & Penn¬
earnings were brought up to show a slight increase over those, sylvania Railroad acquired in 1875 by the. payment of $OS,000
of 1883.
in cash from earnings, as mentioned in previous annual re¬
The adjustment of financial matters with the Pennsylvania
Railroad has been made in accordance with the terms of agree¬ ports.
The 7 per cent first mortgage bonds of the Consolidation
ment given in the report.
The Pennsylvania Railroad holds Coal Company, maturing Jan. 1, 1885, were p iid from the
$3,680,000 of the general mortgage bonds of the Philadelphia
proceeds of the sale of $348,000 six ;»er cent consolidated con¬
& Erie Railroad, upon which are unpaid coupons amounting
vertible counon bonds, due in 1897, included in the above
to $1,545,600. The P. & E. pays off $45,600 of these, leaving
$2,467,500 of funded debt, and $29,000 in cash, which latter
$1,500,000, and the P. & E. issues to the Pa. RR. debentures forms part of the $60,000 sinking fund for 1884, deducted
for $1,500,000, due 30 years from Feb. 1, 1885, at 4f£ per cent
from earnings of foregoing statement.
interest. The coupons are deposited in trust as security for the
There were mined and delivered from the Consolidation
debentures. In case of default coupons are to be surrendered pro Coal
Company’s mines in 1883, 456,238 tons ; in the year 1884,
rata to holders of debenture bonds. The Pliila. & Erie may pay
689,212 tons—increase, 232,974 tons.
off the debentures at any time. A sinking fund of $15,000 per
“The widespread commercial and manufacturing depression
annum is made to purchase the debentures at par.
The Penn. of the past year, and the more tlun usually severe competition
RR. subscribes for $960,000 P. & E. stock at par, and the pro¬ between the several
coal-producing regions, have rendered the
ceeds are to be applied to payment of interest on the P. & E.
year 1884 a very unprofitable one to companies supplying
special stock for the years 1880 to 1884, inclusive. The interest steam coals to consumers on the Atlantic seaboard.”
on this speical stock held by the Penn. RR. is to be reduced
New Central Coal Company of Maryland.
from 8 to 7 per cent after Jan. 1, 1885, and the interest is not
The annual report is very brief in its remarks and
calls attention to the fact that by a saving in expenses
Comparative statistics for four years,
Chronicle, are as follows:
EARNINGS AND
1881.
$
539.817
Earnings—
Passenger
Freight
Mail, express, &c....
2,746,609
167,883
Tot. gross earai’gs.
Oper. exnenscs—
Maint. of way, &c...
Moti’e power & equip
Transp’t’n expenses.
3,454,309
*
Total (incl. taxes).
Net earnings
P.
o.
December 31, 1884.)
report for 1884 shows that the coal mined in 1884
was 203,684 tons, against 206,494 tons in 1883, 166,998 tons in
1882 and 300,982 tons in 1881.
(For the year ending
to be accumulative.
$
654,890
997,170
777,999
EXPENSES.
$
669,011
667,743
3,138.456
3,213,572
197,528
203,947
4,108,843
4,011,414
$
691,173
$
626,575
1,037,322
1,103,830
890,418
871,039
$
571,451
2,876.075
212,620
3,660,146
$
498,350
901,064
802,652
1,411,880
2,620,823
1,488,020
2,202,066
1,458,080
64-80
63-80
60-20
2,599,534
1,024,250
7030
STATEMENT OF EARNINGS FOR
1884.
1883.
$
1882.
2,430,059
of op. ex. to earn.
compiled for the
The annual
Receipts—
1882.
$
1,411.880
1883.
$
1884.
$
1,024,250
1,488,020
1,458,080
4,835
3.586
4,892
9,120
1,029,085
1,415,466
1,492,912
1,467,200
Interest
on
equipm’t.
1,077,995
165,345
1,062,270
169,410
1,062,270
166,801
45,710
95,087
1.062,270
162,281
10,000
43,024
1,424,328
1,31.7,767
1,277,575
1,250,218
Miscellaneous
Total disbursements.
Balance, sur. or def.. def.395,243
EACH FISCAL YEAR.
1881.
1892.
1883.
^
$
$
A Hffpj.fi
Total assets
Liabilities—
Block, common
Stock, preferred
Bds. (see SiTPPi/M’T).
Unpaid coups. Sc iut.
Miscellaneous
Total liabilities
1884.
$
26,186,163 26,186,163 26,186,163 26,185 363
6/*36
6,283
6,151
1,397
11,004
14,155
2,971,068
2,699,942
2,479,124
29,283,929
$
29,166,564
7,013,700
2,400,000
17,923,< 00
7,015,000
2,4oO,uOO
23,903,392
$
7,015.000
28,778.725
$
7.015,000
2.400,cOO
2,400,000
17.919,000
5,678
14,844
4,000
3,073,244
93,932
1,000
$
17,919.000
1,929,264
1,831,564
17,965
1,000
29,283,929
29,166,564
"
17,919,000
1,569,392
28,903,392
1,444,725
28,778,725
Consolidation Coal Company.
paid for railroad and cautfl freights
mining, ollice and shipping expeu-es, salaries, &c
Net earnings for
hand) were
.
$2,222,081
kind (exclusive of interest and sink¬
ing fund) but including extraordinary outlays
1,901,603
Total expenses of every
Net
Interest
receipts
paid on funded debt lor 1884
Sinking fund for year 1884
$153,53 L
: 60,000—
Leaving balance to the credit of profit aud loss
profit aud loss December 31, ’84
(including $64,776 from 1883)
From which deduct div. payable Jan. 29, *85
$102,500
Amount carried to the credit of “Royalty Fund’’
$317,478
213,534
$1C3,914
Total balance to credit of
for 1834
34,460—
$168,720
136,960
$31,760
past few years the company has been accumulat¬
ing a fund winch now for the first time appears in its annual
report, and is not included in any of the foregoing statements.
This fund has been derived from sales of the coal under
Balance to the credit of
For the
and tolls,
$592,716
583,862
$3,854
the year
INCOME ACCOUNT.
profit and loss Dec. 31,
Deduct—Dividend paid Feb. 12, 1881....
Balance to credit of
Amount
charged against profit and loss in
Add—Net earnings
1883
1884.....
$50,000
$325,040
3,124—
53,124
profit and loss January 1, 1885.
8,854
$280,769
for 1884
Balance to credit of
profit and loss Deo. 31,
1884
American Coal Co.
(For the year ending December 31, 1884.)
1884 has the following:
The annual statement for
Rec’d for coal, sold and
Value of coal on hand
deliv’d, cam’s, canal boats, rents, Sec.
$165,643
27,083
$492,726
Railroad aud canal
$271,911
transportation
Mining, superintendence, labor, &o
Shipping expenses
Taxes
Bond interest to March 1,1835
Salaries, office and continge nt expenses
5,068
12,000
13,230
530— 471,972
Net profits 1884
Surplus, December 31, 1883
Add gains, 1884
Deduct estimated depreciation oil
Present surplus
129,558
38,»07
165
Legal expenses
Fire insurance and traveling
$20,754
20,754-$271,786
$251,031
boats and other property..
December 31, 1884.
16,599
$255,187
1884 was 194,330 tons. In the
balance sheet the bills and accounts receivable are $114,711,
The coal sent from mines in
and the bills and accounts
payable $80,213.
GENERAL INVESTMENT
NEWS.
Topeka & Santa Fe.—In reply to questions of a
correspondent, the Boston Her Ad says that: “ To protect its
Atlantic & Pacific investment and abide by its agreement,
Atchison is compelled to help the company pay its interest,
and otherwise aid in its development up to a paying basis. So
much of the $1,750,000 as was advanced to pay A. &. P. cou¬
pons is secured by au actual sale aud transfer to a trustee of
A. & P. lands, and this is some two-thirds of the amount.
The balance is being repaid by the A. & P. C nnpany from net
revenue.
The smaller loan ($150,000) is in the nature of an
investment, through a trustee, in a land and cattle company
which promises business for the A. & P. Company and profits
for the shareholders.”
* * * “ The Sonora Division did not
fail by $90,000 of earning o perating expenses in 1814. The defi¬
ciency in 1881 was about $33,000, against $93,000 in 1883. It is not
anticipated that the CaliforniaSouthernroad will cost $3,0 H),000.
The highest estimate is $1,700,000 for repairs of the old line,
construction of the new and equipment of both, an i it is not
clear yet what Atchison’s obligations in connection with the
line will be, except that it will secure the property at a nominal
cost.
As to the Mojave Division of the Southern Pacific, purAtchison
(For the year ending December 31, 1884.)
The annual report for 1884 has the following:
The gross receipts from mines, railroads, rents, etc. (in¬
cluding vahie of stock of coal on
19,910
4,342—
21,147
sur.97,699 sur.215,337 sur.216,982
GENERAL BALANCE AT CLOSE OF
RR. b’ld’gs,equip,&c.
Stocks & bds. owned.
Cash on hand
Miscellaneous items.
Profit and loss
$
$
135,278
Extraordin’ry expen.
$
$
$
Eisbia'sements—
Interest on debt
$572,805
$271,915
1881.
Total income
$24,253
Total
Deduct amount
INCOME ACCOUNT.
Net earnings
Rents
1884.
Coal account 1884
Coal on baud
Less taxes, &c
February
THE
28, 1885.]
Atlantic & Pacific, Atchison has the contingent
obligation of one-half the interest on the issued bonds, some
The total earnings to have
Operating expenses
the interest,
L«ss rents and State taxes
chased by the
$218,000 per year, in case the Atlantic & Pacific fails to earn
which interest there is hope that it will earn
before lonjr. The amount of collateral trust bonds issued is
about $10,000,000. There will probably be others issued as the
construction necessities of the company require. Tiie company
has no floating debt.”
Th<5 Boston Transcript says: “The issue between the bulls
and the bears on Atchison may be distinctly drawn. Those
who believe in Atchison believe in its progressive policy; be¬
lieve that it should sustain the Atlantic & Pacific enterprise;
that but very little more money will be required for the con¬
summation of its Pacific-coast policy, and that the Atchison
is fully able to carry through this policy without reducing its
dividends. The other side believes that the Atchison should
confine itself to Kansas and New Mexico. We believe in the
progressive policy of the Atchison every time. The greatest
obstacles have been surmounted, and to-day the company is
in a position where the expenditure for carrying out this pol¬
icy must diminish, and the income increase. With $2,000,000
expended to complete the California Southern Railway, which
has just been practically given to the Atchison Company, the
Atlantic & Pacific will have an independent route to the
Pacific, and to a port of its own commanding. Under Mr.
Risteen the earnings will henceforth increase. The Sonora
road cannot earn any less, and if the Mexican Central is to be
a success, it must increase the Atchison’s earnings, but at no
The expenses of the Atchison in 1884
expense to the latter.
were extraordinary,
and can easily be reduced more than
$500,000 in 1885, while the gross earnings are expected to show
an
increase.”
Of $4,101,000 California Southern
been deposited with the trustees for
bonds under the proposed agreement
*
269
CHRONICLE.
bonds, $2,799,000 have
conversion into income
with the Atchison, and
$1,402,587
been
882,940
$519,647
203,954
$315,792
compared with the six months ending Dec. 31, 1883,
please observe that the decrease in earnings was 6 36-100 per
cent, but the decrease in expenses 13 3-10 per cent, and that
the earnings and expanses of the New London Northern Rail¬
road Company are not included in the foregoing, but it is a
pleasure to advise you that the results of their business for the
year ending Sept. 30, 1884, show, after paying operating
expenses, rents and interest, a profit of some $40,000.
The total issue of bonds, as provided for in the plan of con¬
solidation, was seven million dollars ($7,000,000), one million
of which is on deposit with the American Loan & Trust Comany of Boston, to remain as collateral for the floating debt,
ut not at present subject to any payments of interest, so that
your annual interest upon the bonds may be said to be only
As
three hundred thousand
dollars per annum.
Delplios & St; Louis.—At Toledo, O., Feb. 19,
Goodspeed, as Special Master, sold at
public auction the Cleveland Delplios & St. Louis (narrowgauge) road. The line runs from Delphos to Carey, fifty-six
miles, and was bid in by three of the bondholders from Pitts¬
burg for $15,000.
Houston & Texas Central.—Messrs. B. G. Clark andCharlee
Dillingham, joint receivers appointed by U. S. Circuit Court of
Eastern District of Texas, in suit styled Southern Develop¬
ment Co.vs. Houston & Texas Central Railroad Co., have been
placed in possession of the property.
Cleveland
United States Marshal
Messrs. N. S. Easton and James Rintoul, the trustees
under the first mortgage of the Houston & Texas Central
Railroad (main line and Western Division), have issued a
circular addressed to the first mortgage bondholders of
that road, some of whom have intimated that the trustees
have not been sufficiently rigid in the discharge of their
$175,000 bonds have assented, but are not yet deposited, leav¬
ing $127,000 unaccounted for. f
Canadian Pacific.—Wednesday the annual report of the
Minister of Railways was presented to the Dominion Parlia¬ duties. Mr. Easton has just returned to New York from
ment in Canada.
It shows that the length of the Pacific Rail¬ a tour of investigation in Texas. He was accompanied by
his own personal counsel and also by a lawyer represent¬
way proper is 2,895 miles, divided as follows :
2J iles.
ing his associate trustee. The bondholders have lately been
345 solicitous regarding the condition of the large tracts of
Montreal to Callander
Callander to Port Arthur
657 land owned by the Houston & Texas Central. On that sub¬
Port Arthur to Red River
428
Red River to Savona’s Ferry
1,252 ject the trustees report:
“Mr. Waldo, the Vice-President, assured us that the companjr and its
Savona’s Ferry to Port Moody
213
counsel errertaiued no doubt or anxiety respecting the title to the
Upon the first of these sections the work is complete and the lands couveyed by the trust deeds and tiie complete security of the
road in operation.
North of Lake Superior the grading will be bondholders in that respect. The officers admitted that the company
been for the past two years, and is from day to day, selling the
completed this week, and only about two hundred miles of had
track remain to be laid ; on the two next sections, from Port lands conveyed to the trustees, and in that time had gl en warranty
deeds to more thin five liundrea different purchasers on such sales, tak¬
Arthur to Savona’s Ferry, embracing a distance of 1,680 miles, ing back to Itself, in its own ua he, the mortgages and notes of the pur¬
the road is in operation for some 1,480 miles, and from Savona’s chasers. and receiving the full consideration thereon. This was also
ascertained from the records. We found one sale of 291,090 acres at 25
Ferry to Port Moody only three miles are unfinished. So that cents per acre. The deed iu that ca<e was made subject to the convey¬
not more than 400 miles out of a total of 2,895 await the rails, ance to the trustees. The other deeds make no reference to the lights
and only 135 miles require to be graded to enable the line to be of the trustees and bondholders, hut purport to convey absolute title
warrant the same, and are hostile to the title created by the trust
opened and operated throughout. Within the last four years and
deeds, as we are advised.”
1,800 miles have been built. There are now no less than 11,000
The Times says that the officers of the company informed
men at work on the unfinished sections.
The total length of
the company’s system is 3,827 miles, of which 2,895 miles is the trustefs that the cash proceeds of these sales had been
main line from Montreal to Port Moody and 432 miles branch placed in the hands of two persons to hold in trust, but declined
lines. Out of the money subsidy of $25,000,000 there has been to give the names of the persons.
Believing that the course
aid to the company up to Dec. 31, 1884, $19,773,037, leaving a of the company in respect to the lands was contrary to the
alance of $5,226,963 to be paid, while of the loan of $22,500,- terms and intent of the trust deeds, the trustees concluded to
In
000 made last session, $17,970,730 has been paid, and $4,529,270 submit the question of legality and right to the courts.
the suit that was begun was also embraced the question as to
is yet to be earned.
The earnings and operating expenses by months for the year the obligation of the company to pay2 per cent of its earnings
each year into the sinking fund, regardless of all other charges
1884 were as follows :
Net Earnings
or expenses.
The company has insisted that no payment was
1834.
Expenses.
'
Earnings.
or Deficit.
due to the sinking fund until all fixed charges, betterments
$274,645
January
$401,915 Def. $i27,270 and
operating expenses had first been paid. The trustees
February
22),038
363,965
“
139,326
March
279,575
355,275
“
75,700 assure the bondholders that they have nothing whatever to do
343,966
318,938 Net.
25,027 with the suit brought by the Southern Development Company,
April
424.556
349.739
“
74,816 in which two receivers of the company have been appointed.
May
June
550,661
399,030
“
151,631
Mexican Central.—The Boston Herald reports the cori-ected
549,367
394,673
“
151,694
July
August
565,914
383,983
“
181,830 earnings and opei’ating expenses for December, compared with
407,628
“
September
639,839
232,211
.
735,531
640,373
521,552
October
Novt nib'-r
December
438,082
395.160
350,236
“
“
“
297,44s
2 45,213
171,315
$1,191,890
The net earnings for tiie last nine months of the year were
$1,534,188. The gross earnings include $623,193 for the trans¬
.$5,750,521
Total
$4,558,630
portation of construction materials and supplies, against
$1,274,000 in 1888. This amount does not affect the net earn¬
ings, as construction material being carried at absolute cost
the earnings from them are offset by the expenses.
The
smaller amount reported for the carrying of construction mate¬
rials and supplies in 1884 is owing to the fact that the ties and
timber for all the road built were obtained in the vicinity of
the work, while in 1883, when the last half of the prairie sec¬
tion w as buib, these materials were hauled ail average distance
of 900 miles, and the greater part of the rails and supplies used
in 1884 were delivered on the Lake Superior section by water.
Central
Vermont—(Consolidated Vermont).—The follow¬
the road, gives an
ing letter from Mr. E. G. Lucas, Auditor of
account of its financial
condition
St. Albans,
Vt., Feb. 18, 1885.
Company and roads operated by it for the six months
ending Dec. 31, 1884, which summarized, shows as follows :
Total
Oper. Expcn.
Earnings.
$305,07 3
1894.
October
November
December
$191,062
161,033
245,127
327,264
quarter
“This would show
101.923
Net.
$111,010
124,094
165,341
$517,019
$917,465
$400,446
earnings at the rate of $3,669,863 per year
net. The operating expenses were 49-4
and 56 3 per cent for the quarter. The
subsidy collections in 1894 and 1883 were as follows, December,
1884, being estimated. Total in 1884, $1,000,000; total 1883,
gro-s and $1,600,786
per cent in December
$1,155,793.”
Michigan Central.—It is reported that this company will
Jackson Lansing & Saginaw bonds due
July 1 from the proceeds of land sales, and that interest
charges will thereby be r* duced $102,000 per year.
redeem the $1,277,000
England.—The gross and net earnings
1883-84 and 1884-85 by months are as fol¬
New York & New
for the fiscal years
lows:
,
:
My Dear Sir—I beg to enclose you herewith a detailed
statement of results of the business of the Central Vermont
Railroad
October and November:
October
November....
December
January
Total
Gross Earnings.
18y4-5.
1883-4.
,
$.,06,992
254,420
$365,877
310,032
239,049
215,421
230,420
243 040
$1,030,881
$1,134,436
•
"Yet Earnings.
1884-5.
1883-4.
>
$105,422
42,183
51,019 Def. 115.1SO
49,792 Def. 29,106
$275,092
$3,319
$105,968
68,303
THE CHRONICLE.
270
in
contained the floating debt
as
On the lines west of
562 in net.
New York Lake Erie & Western.—The balance sheet on
December 31, 1884,
show
given below,
an
[Vol. XL.
increase of
Pittsburg the net returns
$33,136 in January, 1885, compared with
comparison with that of Sept. 30 last, the end of the fiscal January, 1884.
LINES EAST OF PITTSBURG AND ERIE.
year:
Gross debt—
Sept. 30,1884. Dec. 31,1884.
Loans and bills paATable.... $1,308,950
$3,002,776
Interest
2,288,961
2,958,468
Dividends unpaid
7,938
7,938
Due wages and supplies ...
2,814,356
2,080,403
738,450
150,894
Sundries
829,559
23,949
•
Dec.
733,953
Iuc.
Iuc.
114,974
Dec.
Gross
1885.
/
Offsets—
$59,647
$4,041
( 1,048.118)
< 962,387>
11,226,963 )
204,867
>
>2,932,276
Inc.
305,192
Dec.
150,248
1885.
1884.
$990,574
$1,166,136
and Erie, the monthly
reports issued in 1884 and for the current year show the results
below. The company’s returns, however, state a gain for
January in the present year, compared with the year 1884, of
$37,165.
91,109
126,945
Tnc.
$63,688
Net Earnings.—ss
/-
>,
-1884.
..
LINES WEST OF PITTSBURG <fc ERIE;
-
Bills receivable
Due by agents
Due by others
Due by iudividuals
Earnings.
January
$3,297,522
$3,574,233
As to the lines west of Pittsburg
Inc. $581,946
$10,503,650
$9,926,704
Total
.
732,129
617,155
Due account traffic
Rentals
Changes.
Dec. $306,174
Inc. 669,507
Net Surplus over all Liabilities.
1885.
1884.
January
Def.
Def. $106,556
$73,420
Inc. $33,136
Philadelphia & Reading.—Judge McKennan’s decision on
petition of the receivers of this company for permission
to keep up the payments of interest on the floating debt was
Total
$3,347,038
Inc. $15S,9S5
$3,506,023
received in Philadelphia this week.
The Master, after taking
Net floating debt
$6,579,666
Inc. $122,965
$7,002,631
had
testimony,
reported
in
favor
of
the petition, but it was
$897,898
$907,445
$9,54tF
Supplies on band
Tnc.
objected to by the counsel for the Bartol committee of the
—The Philadelphia North American reports : The Erie Car- general mortgage bondholders.
The objections were argued
Trust Committee has received replies from $5,400,000 certifi¬ before Judge MeKennan in Pittsburg,
in his decision Judge
cate holders. Of these, $2,774,000 have accepted the company’s McKennan says :
“The only objection urged by counsel to the approval of
propositions; $1,524,000 are willing to take a reduced interest
on series F and G.
Nearly $1,000,000 have declined to accept the Master’s report is to that part of it which recommends
that authority be given to the receivers to pay so much of the
anything but full interest on the Fs and Gs.
interest on the floating debt of the Reading Railroad Company
N. Y. Stock Exchange.—The Governing' Committee of the
as may be necessary to protect the collaterals pledged for its
Stock Exchange voted to list $35,430,000 of the capital stock
of the Consolidated Gas Company of New York. An urgent security.” * * *
“The apparent acquiescence of a very large majority of
remonstrance against the listing of this stock was sent to the
the prior mortgage bondholders in the Master’s recommenda¬
Exchange by the Gas Consumer^ Association a few days ago.
The members of the Governing Committee, however, did tion; the comparatively small sums in excess of the interest
earned by the hypothecated securities regarded as a unit,
not deem it within their province to consider the relations
to cover the interest upon the floating debt; the
required
between the gas company and the public. The Consolidated
insignificant benefit to each general mortgage bondholder,
Gas Company asked to have its entire capital stock of $39,078,winch a division of this sum among that class of creditors
000 placed on 'the Stock Exchange list. The Governors ex¬
would furnish ; and the importance of avoiding a sacrifice of
cluded the 30,000 shares which are reserved for working
capital and for liens and indebtedness of old companies. The any of the securities of the railroad company, and of pre¬
stock listed was issued in exchange for the following stocks serving the status quo of all its assets—are considerations
which, in my judgment, decidedly outweigh the objections
in the proportion stated :
to the conservative course proposed.
But the exercise of this
39,789 9-19 shares New York Gaslight Company, for 75.600 shares;
79,600 shares Manhattan Gaslight Company, for 119,400 shares; authority ought not to outlast the present exigency. A reason- *
Cash
on
)
355,115
band
the
30,000 shares Municipal Gaslight Company, for 66,000 shares; 25,000
shares Metropolitan Gaslight Compan.v, for 65.009 shares; 39,860
shares Harlem Gaslight Company, for 28,300 G-10 shares; total, 354,300 6-10 shares.
Other stocks
were
listed
by tho Governing Committee yes¬
terday
as follows:
Gulf Colorado & Santa Fe Railway, $536,000 second
mortgage 6 per cent bonds, making the total amount listed to
date $2,144,000.
Hannibal & St. Joseph Railroad, $3,000,000 of consolidated
6 per cent bonds. These bonds are the second instalment of
an stfuthorized issue of $8,000,000.
St. Louis & San Francisco Railway, $739,000 of general
mortgage 6
per
cent bonds. These
are
in addition to $7,000,000
of similar bonds already listed.
Northern Central Railway Company.—The comparative
statement of earnings and expenses for the month of January,
1885 and 1884, is as follows :
January.
*
$136,792
of terminals and diversion of traffic at
1884.
$l04,2i.G
Operating expenses
Extraordinary expenses
$224,184
12,299
$109,845
$244,794
$236,483
$167,732
earnings
Norfolk
Western Railroad
statement of
1884, is
as
earnings and
follows.
for January, 1885 and
January.
<
isft4
$230,349
126.793
$213,020
129,617
-$103,556
$33,372
earnings
Expenses
earnings
.
18^5.
Gross
Net
28,259
Company.—The monthly
expenses
Oregon Railway & Navigation.—It has been rumored
that the Northern Pacific directors have made a proposition
for a lease of the O. R. & N. property, beginning at 5 per cent
per annum rental, and increasing after three years to G per
cent.
It is
managers
Bound Brook, the
the payment of full rentals when
it can do so.
It was finally agreed that the proposition of the
Reading should be presented to the Jersey Central stockhold¬
ers at a special election to be called before the annual meeting.
Reading agreeing to
funds.
There
were
$6,000,000 debenture 7s authorized, of which $5,000,000 have
been sold.
They run to April, 1S87. The company wishes to
issue a consolidated mortgage which will provide for the
redemption of the debentures, for the cancellation of $1,200,000 (in round numbers) of scrip, due one-half next November
and the balance in November, 1886, for the retirement of the
first 6s and certain floating debts. The original proposition
was to issue a 40-year 5 per cent consolidated mortgage to the
amount of $14,000,000, and the bonds under such mortgage
were negotiated at about 90, but the sale fell through on
account of the Oregon laws.
The law is now repealed, and
the issue of a new mortgage is under advisement.
resume
Railroads in New York State (Quarterly Reports).—The fol¬
lowing abstract, showing the operations for the quarter ending
Dec. 81, in 1884 and 1883, has been specially compiled for the
Chronicle from returns made to the Railroad Commissioners.
/—OgdensVg cC L. Chamr-N. TV Chic. J St. L.s
Receipts—
earnings..
Gross
Operating expenses...
Net
expected that the Oregon R. & N. will soon decide
upon the issue of its new consolidated mortgage to take up
the debentures and furnish additional
and to examine into the condition of the road,
$273,053
1885.
Gross earnings
Net
property to the corporate managers. I think sixty days is
ample time for that purpose, and hence, until the expiration
of that period, the receivers are authorized to make such
payments on account of interest on the floating debt as may
be necessary in cases where, in the judgment of said receivers,
it is to the interest of the general and income mortgage bond¬
holders that the collaterals should be protected from sale.”
—The general mortgage bondholders of the Philadelphia
& Reading Railroad who act with Mr. H. W. Bartol will
meet again on Monday, March 3, to hear the report of the com¬
mittee appointed to confer with the receivers and managers
Philadelphia <fc Reading-Central of New Jersey.—Three
of Reading—Messrs. Wharton, Comly and Sayre
—representing that company, had a conference with Messrs.
Little, Tod, Kean and Sloan, representing the Jersey Central,
and continued the discussion of the relations of the*two com¬
panies. It is understood that the Reading managers proposed
that the Jersey Central take charge of its own revenues and
receive from the Reading Company an allowance for the use
/
Total expenses
able time should be afforded to the creditors and stockholders
of the railroad company to mature a plan for the adjustment
of the indebtedness, and thus to secure a restoration of its
earnings
Income, other sources.
1S83.
1884.
$151,934
w
^
77,560
$74,374
cs
2,410
u
.
* 1SS4.
$365,549
$854,434
604,332
479,719
$261,217
$76,784
7,000
27,597
$262,117
$402,312
^
g«-
$363,808
20,144
$241,194
33,759
24,087
__
1,254
‘3,488
Total deductions..
$52,670
Balance,deficit....Sur$24,114
*
$374,715
g
.
$42,182
*
900
^
'
Total net receipts..
Deductions—
Interest on bonds*....
All taxes*
Rentals*
Miscellaneous
1883.
£
”
$414,339
$376,207
Def.$152,222 Sur.$26,105
Proportion for this quarter of the amount for the year, whether paid
or not.
Wabash St. Louis & Pacific.—The receivers
announce
that
the following interest will be paid at the National Bank of
Commerce, New York, on March 3, viz: North Missouri first
mortgage bonds, 3j^ per cent (semi-annual) on $6,000,000, due
Jan. 1, $210,000; Chicago Division bonds, 2% per cent (semi¬
Pennsylvania Railroad.—The gross and net earnings in
January, 1884 and 1885, are specially compiled for the annual) on $4,500,000, due Jan. 1, $112,500; St. Louis Council
Chronicle in the table below. In January, 1875, there was a Bluffs & Omaha Railroad bonds, :d% per cent (semi-annual) on,
decrease of $296,711 in gross earnings and a decrease of $175,- $937,000, due March 1, $32,795; total, $355,295.
February 28,
271
THE CHRONICLE
18fc5.]
COTTON.
ghe Commercial jinxes.
Friday. P. M., February 27, 1885.
The Movement of the Crop, as
indicated by
telegrams
our
below. For the week ending
COMMERCIAL EPITOME.
this evening (Feb. 27), the total receipts have reached 50,312
Friday Night, February 27, 1885.
bales, against 54,324 bales last week, 68,G21 bales the previous
The weather has become less severe, and obstructions to the week and 89,785 bales three weeks since; making the total
railways by snow and to harbors by ice are nearly all re¬ receipts since the 1st of September, 1884,4,390,034 bales, against
4,340,218 bales for the same period of 1883-84, showing an
moved. Consignments of Western products long overdue increase since September 1, 1884, of 49,816 bales:
have arrived, and the shipments of merchandise to the West
Fri.
Thurs.
Total.
Tues.
T\ed.
Mon.
Sat.
Receipts at—
and East have been greatly facilitated. Seasonable trade, thus
352
393
355
66 4
622
495
2,881
favored, makes moderate progress, but the activity that had Galveston
40
40
Indianola,
&c.
been anticipated is not fully realized.
A decline in the specu¬ New Orleans...
643
3,390 21,542
3,372
2,930 7,257
3,950
lative values of food staples has been a feature of the week; and
122
124
621
602
478
71
’2,018
Mobile
882
882
general trade revives slowly. The defeat of a measure look¬ Florida
797
346
1,407
1,511
6,450
1,119
1,270
ing to a reduction in the volume of silver coinage is the chief 8avanuali
7
Brunsw’k, &c.
item of interest in Congressional proceedings.
471
261
939
813
1.171
4,711
1,007
Charleston
Lard futures have been depressed by a free selling move¬
124
124
Pt Royal, &c.
ment, and'a check upon the export demand that was disposing Wilmington....
103
84
150
60
742
260
85
10
10
of the increased production and encouraging speculation for
Morek’d C.,&c
414
537
533
641
857
923
3,910
Norfolk
the rise.
To-day there was a fresh decline, closing at 7*06c.
1,530
1,530
West Point,&c
for March, 7T3c. for April, 7,21c. for May and 7*27c. for June.
36
173
22
55
965
1,251
New York
Spot lard sold at 7@7*05c. for prime city, 7*10@7,15c. for prime Boston
521
459
154
2,440
1,251
55
from the South to-night, is given
.
....
....
....
....
....
...
....
....
....
....
....
....
....
....
....
mmm
....
....
....
....
....
....
....
....
....
r-
m
....
4
....
....
.
Western and 7*45c. for refined for the Continent.
Pork is also
decidedly lower and closed dull at $13 50@13 75 for mess and
$15 25@15 75 for clear. Pickled cut meats have been less active
and close cheaper at 6}^@6^c. for bellies, 5%@5;'yC. for shoul¬
ders and 9@9%c. for hams. Beef and beef hams are steady. Tal¬
low is easier at 6)4c.
Butter has been fairly active and choice
grades are scarce, and State creamery is still quoted at 23@36c.
Cheese is more active, but easier; quoted at 8^@ 12?.£c. for
State factory. The following is a comparative summary of
aggregate exports from October 27 to February 21 :
10,289,000
155,9-42,215
17,780,400
179,916,205
104,237,359
Lard, lbs
77,707,938
Inc. 1,491,200
Inc. 23,973,980
Inc. 20,409,421
and prices drooping
and unsettled.
Speculative options have materially declined,
under a very moderate selling movement. To-day fair cargoes
Rio were nominal at 9}4'c., and options further declined, clos¬
ing with sellers at 7’35c. for March, 7*50c. for April, 7fG5c. for
May and 7*75c. for June.' Mild coffees have ruled dull. Raw
sugars have been quiet, but prices ruled about steady; fair to
good refining, 4Jg@5c., and crushed refined, G^c. Molasses
has sold very freely and closes firmer; two cargoes of Cuba
being taken for arrival at
for 50 deg. test. Teas
have been weaker and close dull; standard Japans sold to¬
Brazil coffees have been dull
on
the spot
day for April at 2IJ4C.
Kentucky leaf tobacco lias been quiet, at prices showing no
change in values. Seed leaf tobacco has sold more freely,
but at prices favoring buyers. Sales aggregate 1,400 cases,
as follows : 900 cases 1883
crop, Pennsylvania, 8c.@i2i.2C.;
1G0
cases
1881
crop,
do., 5c.@llc.; 100
cases
1883
crop,
Wis¬
Havana, 12c.@28e.; 100 cases 1883 crop, New England,
10c.@20c., and 200 cases sundries, 5c.@2Sc.; also, 300 bales
Havana, 80e,@$l 15, and 150 bales Sumatra, $1 20(35$1 GO.
The speculation in crude petroleum certificates has been
more active, showing at times much excitement, and there has
been a marked advance in prices, reaching 85c. yesterday.
Then came a re-action, under which values gave way, and, con¬
tinuing to-day, the close this afternoon is at SO'^e. Crude in
barrels quoted at
7}-gC.; refiued in barrels for export,
7?8@7J£c., and in cases 8‘4@10340.; naphtha, 7^c. Spirits
turpentine continued active for the speculative account, and
prices further improved. There wore sales on Wednesday as
high as 32c. for prompt delivery, but then the movement sub¬
sided, and the close this afternoon is at 31f£c., at which 100
bbls. sold for March. Rosins dull at $1 22)£@$125 for strained.
Metals have been quiet.
At to-d^’s exchange iron was dull
but steady at $16 50@$17 25.
Tin was quiet, closing steady
at 17*35@17^2C; sales 10 tons, March, at 17*45c., and 10 tons,
April, at 17*40c. Tin plate dull; offered at $4 45; transferable
notices issued at $4 35.
Copper quiet at ll@ll}^c. Lead
steady; domestic, 3’55@3’80e.; foreign, 4*35@44£c. Spelter
neglected.
Ocean freights were quite depressed early in the week, but
consin
Ship¬
ments were not active, but the detention of vessels by stress
of weather caused room to be scarce.
Late engagements
include corn to Liverpool, S^d.; wheat to London, 4d. per
bushel, and oats, 2s. per quarter; refined petroleum hence to
Bristol, 2s. 3d., and to Baltic, 4s.
with the decline in breadstuffs there
•
was some
recovery.
....
Philadelp’a, &e.
1
Totals this week
3,634
701
704
117
1,070
9,626; 11.258 10.358
50,312
....
....
....
....
701
226
7.799
7,637
25
For comparison, we give the following table showing the week’*
total receipts, the total since Sept.l, 1884, and the stock to-night,
and the same items for the corresponding periods of last year .
Feb uary
27.
Galveston
...
This
Since Sep.
This
Since Sep.
Week.
1, 1884.
Week.
1, 1883.
2,831
441,275
7,201
542,190
40
10,266
45
8,241
Ind’nola,&o
21,542 1,388,976
221,760
2,018
882
69,472
C.450
685,388
7
9,634
4,711
495,777
New Orleans.
Mobile
Florida
Savannah....
Br’sw’k,&c
Charleston...
124
Pt.Koyal.&c
Wilmington..
M’headC.,&c
W. Point, etc.
New York...
Boston
Baltimore
...
PhiladeraAe
22
......
31,859,1,395,230
2,474
234,821
30,077
31.183
450
11
1,775
38,931
56,266
60
35,942
622,823
7,624
10,106
396,55S
28.S42
53,836
20
12,879
58
49
359
2,794
7,053
5.96S
87,380
11,402
53S.320
3,964
191,915
b0
1,950
91,547
130,129
332,436
6,310
7.460
IS,500
14,717
15,783
16.988
10,4 12
11,158
76,487 4,340.21 8
802.225
918.594
8,169
701
18,325
1,083
1,07U
33,251
461
'
125
1,S90
50,312 •1,360.03 f
Total
43,523
29,456
344,391
1,251
2,440
10
3,910
1,530
1834.
1885.
283.649
6,078
92,174
9,503
515,497
266,518
50,545
75,018
742
Norfolk
Stock.
1833-84.
1884-85.
Receipts to
1883-1.
1884-5.
Pork, lbs...'.
Bacon, lbs
Baltimore
......
......
18,320
23,220
346,615
In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons.
1SS5.
Receipts at—
Gal vest’ll,&c.
2,921
New Oi lcans.
21,542
Mobile
2,018
Savannah....
CliaiTst’n, &c
6,450
7,240
31,859
2,474
8,46!)
4,835
10,126
1881.
1882.
13S3.
1884.
13,210
46,619
13,773
3,264
13,117
4.513
13,254
1880.
6,485
16,492
50.305
33,623
8,321
3,469
2,633
7,216
4,85 j
17,390
7,279
10,316
4,226
Wilm’gt’n, &e
Norfolk, Ac..
752
4S1
2,363
906
25,023
17,631
9 013
A11 others
6,354
9,932
5,897
1,771
9,738
2,207
5,440
9,625
7,937
10,766
14,450
53,312
76,437
135,321
51,980
133,931
78,451
Tot. this w’k.
Since
Sept. 1. 4390.031 4340,218
4901,71414058.488
4670.086 4280,271
Wilmington includes Morekead City, &o.; Norfolk includes West Point,&c*
The exports for the week ending this evening reach a total
of 65,471 bales, of which 55,551 were to Great Britain, 1,283
to France and 8,037 to -the rest of the Continent, while the
stocks as made up this evening are now 802,225 bales.
Below
are the exports for the week and since September 1, 1884.
Ending Feb. 27.
Exported to—
From Sept. 1,
He ch
Exports
Great
Brit'n.
fJa.lTeaf.nn..
New Orleans..
France
Conti-
Total
nent.
Week.
1,284
7,470
145,599
563,443 236,283
li’sdO
Mobile
.
37,179
Continent.
57,112
Savannah
Charleston*...
Wilmington...
Norfolkf
New York
300
2,603
3,401
1,200
700
37,879
3,585
.
Philadelp’a,&c
11,699
191,993
378,163
4,604 [ 151,746
22,239
144,401
14,010
318,466
13,303
1,233
4,738
3,737
1,510
......
1,115
03,537
6,375
25,670
330,598
30,330
119^331
438,034
4,179
293,553
233,323
87,703
413
4,842
105,823
3,050
1,510
42,740
88,123
144,176
47,527
11,533
4,170
Boston
210,181
174,469
2,905
49,497
11,533
Total.
239,428 1,001,154
8,585
Florida
Baltimore...
Great
Britain. France
2,004
2,0Dt
13,036
1884, to Feb. 27, 1885
Exported to—
19,524
35,300
4,787
Total..
53,331
1,233
8,037
63,471| 1,950,065 317,516
853,242 3,121,423
Total 1383-34
53.71:
319
10,351
75.447 1.8(55.917 37.3 015
704.915 2.043.00?
_
■
from Port Royal, Ac.
t Lncludesexports fro:n West Point. Ac,
*
Includes exports
THE CHRONICLE.
272
In addition to above exports, our
us
the following amounts
3
Q'-ug®
231
of cotton on shipboard, not cleared,
which are prepared for our special use
& Lambert, 89 Broad Street.
On
Oreat
:
•
Shipboard, not cleared -for
Britain.
New Orleans....
Mobile
Charleston
Savannah
Galveston..
Norfolk
New Yerk
Other ports
20,236
3,800
4.500
1.500
4,779
Total 1885.
52,937
France.
Coast¬
Foreign
wise,
13,349
17,982
None.
None.
None.
None.
None.
None.
None.
None.
6,622
5.500
6,000
Total.
800
56,265
5,uii0
9,600
1,200
5 WOO
2,(01
9,8(0
8,411
7,400
7,000
4,638
1,200
4,309
3,200
3,080
Stock.
None.
1,789
1,900
1,000
None.
None.
| wrw*
9
232,384
25 077
Total 1884
61,566
Total 1883
9 2,< 82
19,242
33,031
QD
on
5,752
11.2 \ 8
NEW ORLEANS.
UPLANDS.
Sat.
Mon Tues
Sat.
Mon Tues
Strict Ord..
9316
9 Hj
958
Good Ord.. lO^ig
Str. G’d Ord ioui6
Low Midd’g 11
Str.L’w Mid 1 l3ie
9V
1071® H’9,6
1013,, 1015„,
Holiday
Middling... ll6i«
Good Mid
Ills
.
Str. G’d Mid
U'he
Midd’g Fair 12i16
Fair
l2Hl6
Wed
95,s
Tit.
ilk
i i°ii.
ilk
like.
iik6
n»i«
Ilk
11 34
in»i« lllop
123,6 126 i,i
I213i- 1215,,
Wed
Fri.
Holiday
Til.
•
Good Ordinary ...
Strict Good Ordinary
Low Middling
..$lb.
.......
Middling...
9k
1011,6 lOy,o
1111 6 1015.6
1 (*7116
ilk
113a
1271(?
131,0
119.6
3111.6
Uk
121.6
12*10
13*10
Fri.
9k
9k
9k
9**16
97,6
Strict Ord.. 9»8
9l>,0 978 ! 915,6
Good Ord.. 10716 10 k
10k
10ll16 10k
Str. G’d Ord U)l3J6 10
10k
like ilk
Low Midd’g 11*8
11*16 113,6 11 k ;ii7i«
Str.L’w Mid U°16 113a
113a
iiy,e Aik
Ilk
Middling... U716 Ilk
in»ib Hk
Good Mid.. '1158
llll16 lliii. 11*8
m&i,
Str. G’d Mid 11 i»i« H78
11*8
121,6 12k
Midd’g Fair 123.« 12 k 12k
127lfi 12 k
Fair
12*8
1213,b 12*8
131,6 13k
Sat.
9%
9k
91516
125.6
1215.6
AVed
Til.
9 k
971,,
978
1o34
101
ilk
like
11'16 113a
ilk
Uk
llyi6
1 1 11
16
9%
Holi-
day.
ilk
Uk
117,6
117,0
Ilk
uk
uk
lik
1115,6 1115,6
12k
13k
12k
13k
12 k
127,6
131)6
9k
10»,e
813,6
9k
8k
99,6
10° ,6
i0io,o 1015,e
Sat..
Mon
Q’t & firm,lift ad.
Ex-
•
port.
....
145j
.
Tubs. Dull&nom.Aiead
Dull
Wed
Thurs Quiet at i,« adv.
Dull and easier..
Fri.
.
.
Total.
—;
....!
20
...J
74
131
....j
65;
....
435
...
J
....
o0;
....
100
240;
390
....
....
145
M
U*
5
®
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!
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O'if*
1^
T'?
tj*
f*.
—'
S
mm
®
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to to to ^
r— 1—1
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M
-
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T£
..
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co
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^
11
Deliv¬
eries.
63,S00
200
70 144.600
74 109,500
231 117.6 JO
50
600
500
500
1.850
given above are actually delivered the day
previous to that cn whieu they are reported.
The Sales and Prices of Futures are shown by the follow¬
ing comprehensive table. In the statement will be found the
dsuly market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales.
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**
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10k
Sales.
^
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51 CCrtsT)
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The daily deliveries
x
ooM
8k
days.
Con- i Spec- TranTotal.
sump uVt'n\ sit.
£1 C
M M q
:
SALES OF SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
**
so:
*4©W^
Fri.
The total sales and future deliveries each day during the
week are indicated in the following statement. For the con¬
venience of the reader we also add a column which shows at a
on same
®
if* If*
O
D
oa£.s
at a ® 2
•
2 *7©
MM
*7*7
co
B ®- v$
9*
to
O'
|
35 ® ,^4
© **
1
ob o
..
1 h
fr*
m
12k
12k
13k
MARKET AND SALES.
glance how the market closed
©
® p.
O’® ® 80
® o
*
.
® •
<
•
©
if*
i
Til.
a®:
:
o
05
o2.||
®
c*
9k
1115,6 ilk
12 k
121,6
813,6
103,6
1013,1
Fri.
»
O' ©
c; m
9 5it 9 5^
lok
Uk
1
Mon Tues Wed
SH|6
11*16
lik
11*16 1 i7ia
1111,6 Il«.6
U34
Ilk
12k6 1115,6.
Ordin’y.^Ifc
STAfNED.
97a
•
>—*
hm’.jw
1
97,0
rt>
If*©
I
‘
95,6
.
© if*
£
f
97,6
•
if*- ©
iH if*
C if*
Mon Tues
Sat.
*3
i
10
TEXAS.
i
9l16
14
hh*h
!
Ordin’y $flt>
®
1
Saturday and Monday, and the speculation
improvement was due mainly to a movement of local oper a¬
tors, encouraged by the reduced movement of the crop, caus¬
ing minimum estimates of the total yield to be more readily
accepted. Other markets responded but partially to our rise,
and on Wednesday the sales to realize profits caused a ma¬
terial decline, but this was recovered in the later dealings, es¬
pecially for the early months. The next crop varied bu t
slightly while these fluctuations in this crop were in progress.
On Thursday there was a lower opening, followed by an ad_
vance, and then a decline to about the lowest figures of the
day. To-day an early advance was followed by an irregular
decline, although there was no very heavy selling movement.
Cotton on the spot has remained very quiet, but on Saturday
quotations were advanced 1-lGc. and on Tuesday } 3C. Yester¬
day there was a further advance of l-16c. To day the market
was dull and nominal, with middling uplands quoted at ll^c.
The total sales for forward delivery for the week are 516,000
bales. For immediate delivery the total sales foot up this week
825 bales, including
for export, 435 for consumption,
390 for speculation and — in transit.
Of the above, — bales
were to arrive.
The following are the official quotations for
each day of the past week.
05
K
M
lf*rf*
816,095
728,091
delivery at this market were
•
•
©*
23,484
132.499
198 882
•
•
HH
MH*
692,789
^!
.
•
-4
showed considerable activity. Tuesday closed at an advance
over the previous Friday of 15@ 21 points for this crop.
The
Feb. 21 to
Feb. 27.
©*
® ►“ O'
P^C®*
19,626
9,909
325,036
109,436
g:
to
o
O
c
M —
11,990 i 53,191
16,533 I 79.019
Prices of cotton for future
quite buoyant
11,683
;
<3
it* if*
31,402
13,349
<-i
•
00
88
©»
O'
•
•
2.
®
-g ■'L.p.
5-* fcj
^r©
•
Other
®
e* ® ®
® Q
p c-
•
Leaving
27, at—
Feb.
3.2.2’
o
® O
m® at Cu
D ao * ob
B 6
We add similar figures for New York,
by Messrs. Carey, Yale
ports named.
at the
telegrams to-night also give
[Vol. XL.
®
>1
;
! $: :
:
19::
III
:
Mi
§
o-
a
A
k
s?
*
Includes sales in September? 1834, for September, 158,2 A?; Septembcr-Oetober, lor October, 421,800; September-Noveinber, for November.
582,200; Septeniber-Uecember, for December, 1)67,800; SeptemberJannary, for January, 2,114,100.
CF* We have included in the above table, and shall continue eaoh
week to yive, the average price of futures each day for each month. It
will be found under each day .oliowing the abbreviation “ Aver. * The
average for each month for ne week is also given at bottom of table.
Transferable Orders—Saturday, 11*403.; Monday,
c.; Tuesday,
ll*55c.; Wednesday, 1155c.; Tlmrsday, li*55c.; Friday, 11 *50e.
Short Notices for March—Thursday, ll*51®ll*52c.
The
following exchanges have been made during the week:
•42 pd. to exth. 200 Sapt. for Aug.
*17 pd. to exch. 50o Mar. for May.
*29 pd. to excli. 200 April for June.
*06 pd. to exch. 600 Mar. for April
200 Feb. for March own.
*03 pd. to ext h. 100 Mar. for April.
*29 pd. to ext h. 2, >90 Mar. ror ;uue
*26 pd. to excli. 700 Feb. for June.
05 ptl. to exch. 100 June for July.
27 pd. to exch. 693 Feb. for June
*10
*20
•05
10
•iG
•01
•15
•
pd.
pd.
pd.
pd.
pd.
pd.
pd.
to exch. 200 April for May.
to excli. 2-JO April for June.
to exch. 70- juua for July.
to excli. 1,000 Apr. for May.
ro exch. 10 > May for July.
to exch. 230 Feb. for Mar.
to exch 400 March for May.
tonight, as made up by cable
follows. The Continental stocks, as well as
The Visible Supply of Cotton
and telegraph, is as
those for Great Britain and the afloat, are this week’s returns,
and consequently all the European figures are brought dowr
Thursday evening. But to make the totals the complete
figures for to-night (Feb. 27), we add the item of exports fro r
the United States, includmg in it the exports of Friday only,
bales less than at the same period last year. The receipts at
the same towns have been 12,339 bales less than the same
week last year, and since September 1 the receipts at all the
towns
to
Stock at Liverpool
Stock at Loudon
273
THE CHRONICLE.
1885.]
February 28,
.'bales.
1885.
1884.
1883.
915,000
978,000
61,000
905.000
32,000
77.700
188
731
5
O
V 8 /,((
0
Quotations for Middling Cotton at Other Markets.—
In the table below we give the closing
cotton at Southern and other principal
977,000 1,039,000 1,042,700
3,400
3,200
7,500
38,600
49,200
08,900
21,000
50,090
52,000
500
i,< 00
2,400
000
2,800
1,100
149,000
223,000
213,000
0,000
3,100*
5,000
01,000
54,000
70,000
9,200
13,000
0,o00
4,200
0,000
0,000
.
Total European stocks ....1.387,300
India cotton afloat for Europe.
99,000
Amer'n cott’n afloat for Eur’pe 320.000
42,000
27,000
802,225
Egypt,Brazil, Ae.,atlt for E’r’pe
Stock in United States ports ..
Stock in U. S. interior towns..
20.000
412
1.400
152,000
3.750
43,000
4,500
4,418
271,580
1,473,100 1,335,200 1,058,580
177,000
428,000
2(0.t>72
948,594
208,330
20,400
4.000
21,8,000
218,000
272,000
01,000
110.100
177,000
42,000
304,000
175,000
448,000
closing quotations for middling cotton on—
ending
±eo. 'Li.
Sat nr.
2,2 (0
39,' 00
292,500
434,100
410,300
Total Continental stocks
381,000
47,000
*
40,000
quotations of middling
cotton markets for each
day of the past week.
Week
Total Great Britain stock
Stock at Hamburg
Stock at Bremen.
Stock at Amsterdam
Stock at Rotterdam •
Stock at Antwerp
Stock at Havre.
Stock at Marseilles
Stock at Barcelona
Stock at Genoa...
Stock at Trieste
92,535 bales less than for the same time in 1883-84.
are
Mon.
Galveston
10%
New Orleans.
10%
Mobile
10%
Savannah...
lOUlft
Charleston
10i:V~78
10 34
Wilmington..
Norfolk
I0i%e
Boston
11%
Baltimore....
11%6
11%
St. Louis
Cincinnati...
Louisville....
10~16
lOUie
10%
10%
1013W
10% ft 7S
.
Philadelphia.
Augusta
Memphis
ion iq
10%
10%
10%
10%
...
.
lli'i/nes.
Tues.
11
10%
1013ie
lGis
>»
ca
Uhe
11%
11 % 'Ot %
11%
10%
10%
10%
10%
11%
11%G
o
w
11%
10%
10%
109lfi
10%
10%
10%
10%
10%
10%
Fri.
Thurs.
10%
10%
10U1(;
10%-U-ih
10U18
10%-n1Q
101°1Q
loi^ie
li
10%
lGin
11
11
Hhs
11%
11%
ll5i«
1
11%
10%
10%
11%
10%
10%
10%
10%
1034
10%6
10%
10%
l^is
920,973 1,013,284
279,191
3t 8,425
32,600
10,200
Receipts from the Plantations.—The following table is
prepared for the purpose of indicating the actual movement each
Total visible supply
2,805,897 3,281.030 3,234,964 3,122,489 week from the plantations. Receipts at the outports are some¬
times misleading, as they are made up more largely one year
Of tlie above, the totals of American and other descriptions are as follow s
than another at the expense of the interior stocks.
We reach,
American—
704,000
527,000 therefore, a safer conclusion through a comparative statement
Liverpool stock.-..
halos 727,000
700,000
198,000
174,0(0 like the
Continental stocks
293,000
324,000
following. In reply to frequent inquiries we will add
440,000
381,000
American afloat for Europo... 329.000
128.000
that
these
figures, of course, do not include overland receipts
928.973
1,013.281
948,594
United States stock
3< 2,225
279,191
308.425 or Southern consumption; they are simply a statement of the
United States interior stocks..
200,9.2
208,330
32,600
10,200
United States exports to-day..
20,400
4,000
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
Total American
2,37S,597 2,018,930 2,580,704 2,413,909
United States exports to-day..
•
East Indian. Brazil, die.—
Liverpool stock
32,000
London stock
Continental stocks
India afloat for Europe
11! ,300
.
99,000
27,000
Egypt, Brazil, &c., afloat
487.300
Total East India, <fcc...
Total American
47;,000
708 .580
648,200
002,100
2,805,897 3,281,030 3,234,964 3,122.489
O^d.
5%(L
5h6d.
6%d.
Price Mid. Upl., Liverpool
The
40,000
2.378,597 2,018,930 5,580,704 2,413,909
supply
Total visible
I 75,000
201 ,00» 50 O'O
97 .580
304 ,000
261,000
77,700
94,500
imports into Continental ports this week
have been
39,000 bales.
figures indicate a decrease in the cotton in sight
to-night of 415,133 bales as compared with tlie same date of
1884, a decrease of 309,007 bales its compared with the corres¬
ponding date of 1883 and a decrease of 250,592 bales as
compared with 1882.
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1883-81—is set out in detail in the following statement.
The above
receipts from plantations.
Week
Receipts at the
Ending—
U
19
(
20
Jan.
2
41
9
U
w
44
23
“
so
Feb.
0
44
18.
44
20
44
27
SVk at Interior
’82-’83. ’83---S4. ’84-’85. ’82-’83
Towns)Rec'pts from PlanVns.
•83. ’84. ’84-’85.
| ’82-’83.
’83-’84. j ’84-’85.
202,015 281,103 289,457 299,528 410 240 335,451 270,107 304,932 308,889
258,170 247,733 258,340 330,993 423 577 303,860 295,635 201,004 280,755
251,923 201,080 207,893 379,855 422 310 303,520 294,785 200,419 207,547
Dec. 12
•
Ports.
224,997 140,612 154,075 383,047 407 074 349,488 228,789 120,276 140,043
175,382 ' 90,245 133,994 380,248 389 60S 320,785 171,983 72,109' 105,291
150,300 110,467 130,951 367,967 36 1 715 304,8.19 138,109 81,284' 115,025
130,400 104,533 93,911 350,719 330 900 298,080 119,182 74,718' 87,132
171,310 112,110 75,295 347,523 .299 754 280,872 108,090 80,984! 58.087
165,808'111,481 S9.785 343.584 282, 475 271,790 161,029 94,202' 80.703
91,515. 52,870
146,130 105,921 08,621 326,790 268
134,448i 65,013 51,324 321,424 251. 450 234 231:129,070 51,394' 32,510
135,3211 76,487 50.312 08.417 227. 205 210.4821122,314 •19.3031 32,503
069'250.O451129,342
The above statement shows—1. That the total receipts
the plantations since September 1, 1884, were 4,589,301
in 1883-84 were 4,518,327 bales: in 1882-83 were 5,193,040
from
bales;
bales.
week
were 50,312 bales, the actual
movement from plantations was
32,503 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
2.—That, although the receipts at the outports the past
for the
same
week
49,302 bales and for 1883 they were
were
122,314 bales.
27.—In the table below
give the receipts from plantations in another form, and add
to them the net overland movement to Feb. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
Amount of Cotton in Sight Feb.
we
to
to
m
3,734
7-*
to
C5
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1831-82.
179,109
291,932
297,647
Tot. receipts from planta’tns 4,589,301 4,518,327 5,193,646 4.356,135
337.278
472,320
442,478
444,671
Net overland to February 1...
1 GO,000
125,000
150..00
1 44,0u0
Southern consumpt’n to Feb. 1
Total in sight
February 27.. 5.175,779 5.112,998 5,825,906 4,818.413
spinners’.takings to
1,105,735 1,248,166 1,207,462
<!©©©<!%<»
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will Bo seen bjr
the above that the increase in amount
in sight
to-night, as compared with last year, is 02,781 bales, the decrease
from 1882-8J is 0 >0,187 bales, and the increase over 1881-82 is 33 7,306
<1
bales.
*1
-4
190,267
of September 1
Northern
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Interior stocks on Feb. 27 in
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1883-84.
Receipts at the ports to Feb. 27 4,390,031 4,340,218 4,901,714 4,058,488
to
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1881-85.
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Telegraph.—The continued wintry
delaying the marketing of the rem¬
Weather Reports by
weather at the South is
and preventing all preparations for the new
planting. Snow and sleet are repo te 1 in a lew sections this
to
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tialvestori Texas.—We have ha) rain on three days of the
week,
the rainfall reaching one im-hand fifty-two hundredths.
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Indianola, Texas— It has rained on five days of the week,
5*
the
rainfall reaching one inch and sixty-two hundredths.
to
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week, the rainfall reaching two inches and sixty-seven hun¬
Ttiin year’*, ligurcs estimated.
Ice formed on one day. Average thermometer 42,
dredths.
The above totals show that the old interior stocks have
decreased during the week 10,766 bales, and are to-night 7,364 ^ highest 64 and lowest 30.
to
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a
THE CHRONICLE.
274
[Vol. XL.
New Orleans reported
high-water mark of 1871 until
Louisiana.—It has rained on three days of Sept. 9, 1874, when thebelow
zero of gauge was changed to highhe week, the rainfall reaching sixty-eight hundredths of an water mark of April 15 and 16, 1874, which is 6-10ths of a foot
above 1871. or 16 feet above low-water mark at that point.
inch. The thermometer has averaged 50.
India Cotton Movement from all Ports. — We have
Shreveport, Louisiana.—During the week the rainfall has
re-arranged
our India service so as to make our reports more
reached two inches and nineteen hundreths, and the ther¬
detailed and at the same time more accurate. We had found
mometer has averaged 40*2, the highest being 60*5 and the low¬ it
impossible to keep out of our figures, as cabled to us for the
est 28*5.
ports other than Bombay, cargoes which proved only to be
Columbus, Mississippi.—It has rained on two days of the shipments from one India port to another. The plan now
followed relieves us from the danger .of this inaccuracy and
week, the rainfall reaching two inches and nineteen hun¬
keeps the totals correct. We first give the Bombay statement
dredths.
for the week and year, bringing the figures down to Feb. 26.
New Orleans,
•'
Mississippi.—During the week the rainfall reached
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
inch. The thermometer has averaged
Receipts.
Shipments this week. Shipment« since Jan. 1.
from
to
59.
39*9, ranging
24
This
Since
Conti¬
Great
Tear Great OontiTotal.
Week.
Jan. 1.
Total• Britain nent.
Little Rock, Arkansas— It has been cloudy most of the
BriVn. nent.
week, with a heavy fall of sleet on Monday equivalent to one 1885 4,000 14,000! 18,000 24,000 83,000 107,000 30,000 201,000
348,000
243.000 42,000
inch and fifty-one hundredths of rainfall. The thermometer 1834 19,000 36,000i 55,000 107,000 136,000
400,000
242.000 68,000
1883 18,000 55,000176,000 84,000 158,000
394,000
308,000 50,000
has ranged from 23 to 55, averaging 35. '
1882 41,000 38,000 79,000 196.000 412,000
Helena, Arkansas.—It has rained on one day and the bal¬
According to the foregoing, Bombay appears to show a
ance of the week has been cloudy.
The rainfall reached one decrease compared with last year in the week’s receipts of
inch and ninety-four hundredths. The weather has been 12,000 bales, and a decrease in shipments of 37,000 bales, and
shipments since January 1 shew a decrease of 136,000 bales.
too cold and wet for farming operations.
Average ther¬ the
The movement at Calcutta Madras and other India ports for
mometer 34, highest 50, lowest 22.
the last reported week and since the 1st of January, for two
Memphis, Tennessee.—We have had rain on thre8 days, and years, has been as follows.1 “Other ports” cover Ceylon,
snow and sleet on one day of the week.
The rainfall reached Tuticorin, Kurrachee and Coconada.
ninety-two hundredths of an inch. Navigation on the river
Shipments since January 1.
Shipments for the week.
has been partially suspended on account of ice. The ther¬
mometer has averaged 34, ranging from 17 to 50.
Great
Conti¬
Great
Total.
Continent.
Total.
Britain.
Nashville, Tennessee.—It has rained on two days of the
nent.
Britain.
week, the rainfall reaching sixty-seven hundredths of an inch.
Calcutta—'
The thermometer has ranged from 2 to 44, averaging 26.
14,200
2,700
16,900
2,400
1885
2,400
40,000
12,000
Mobile, Alabama,.—It wasshowery on two days, and rained
28,000
6,500
2,500
1884
4,000
severely on one day in the early part of the week, but the Madras—
3,600
3,6)0
18S5
latter portion has been clear and pleasant. The rainfall reached
6,000
6,000
1884
one inch and fifty-six hundredths.
Average thermometer 47, All others—
10,500
2,000
8,5C0
1885
highest 64 and lowest 30.
8,000
8,000
4,000
1884
4,000
Montgomery, Alabama.—We had rain on two days in the
early part of the week, but the latter portion has been clear Total all4.700
31,000
26,300
and pleasant. The rainfall reached one inch and nineteen
2,400
1885
2,100
12.000
54,000
42,000
8.000
2,5*00 10,500
1884
hundredths.. Planters are behind in preparing for the next
crop.
The thermometer has averaged 43, the highest being
The above totals for the week show that the movement from
56 and the lowest 24.
the ports other than Bombay is 8,100 bales less than same
Selma, Alabama.—It has rained on two days, and the re¬ week last
year.
For the whole of India, therefore, the total
mainder of the week has been pleasant. The rainfall reached
shipments since January 1, 1885, and for the corresponding
ninety hundredths of an inch. We have had frost but not
periods of the two previous years, are as follows:
killing. The thermometer has averaged 41, ranging from 25
EXPORTS TO EUROPE FROM ALL INDIA.
Leland,
sixteen hundredths of an
m
.
.
-
to 57.
|
•
’
Alabama.—Ice formed in this vicinity from the
19th to the 22(1. It has rained on one day of the week, the
rainfall reaching ninety hundredths of an inch. The ther¬
Shipments
to all Europe
from—
ranged from 19 to 54, averaging 38-9.
242,000
243.000 76,000
107,000 55,000
13,000
Madison, Florida.—We have had rain on one day of the Bombay
57,800
1,000
54,000
31,000 10,500
All other ports.
2,400
week, the rainfall reaching one inch arid forty-two hun¬
299,800
dredths. Average thermometer 52, Highest 69 and lowest 31.
297,000 77,000
133,000 65,500
Total
20,400
Macon, Georgia.—No rain all the week. Preparations for
This last statement affords a very interesting comparison of
planting are very backward. The thermometer has averaged he total movement for the three years at all India ports.
42, the highest being 61 and the lowest 21.
Alexandria Receipts and Shipments.—Through arrange¬
Columbus, Georgia.— Telegram not received.
ments
we have made with Messrs. Davies, Benaelii & Co., of
Savannah, Georgia.—It has rained on three days, and the
remainder of the week has been pleasant. The rainfall reached Liverpool and Alexandria, we now receive a weekly cable of
sixty-four hundredths of an inch. The thermometer has the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
ranged from 27 to 56, averaging 47.
1 Augusta, Georgia.—We have had light rain on one day,
corresponding week of the previous two years.
and the remainder of the week has been clear and pleasant.
1
!
Alexandria, Egypt,
1883-Si.
1|
1884-35.
The rainfall reached eleven hundredths of an inch.
Farmers
1882-83
February 25.
have commenced working land preparatory to planting.
Receipts (cantars*)—
Average thermometer 39, highest 59, lowest 21.
29,000
31,000 1
70,000
This week....
Atlanta, Georgia.—It has rained on one day of the week,
2,150,000
2,531,000 i i
3,098.000 i !
Since Sept. 1
mometer has
i
Since
Jan. 1.
This
week.
Since
Jan. 1.
This
week.
Since
Jan. 1.
This
week.
1883.
1884.
1885.
Auburn,
‘
»
1
■
i
the rainfall reaching seventy-nine
The thermometer has averaged 34*7,
hundredths of
an
inch.
the highest being 52 and
This
Since
week.
Sept.-1.
the lowest 15.
| This
j week.
This
week.
Since
Sept. 1.
Since
Sept. 1.
|
Carolina.—We have had rain on three Exports (bales)—
1,000 200,000
8,000 261,000: 5,000 207,000
To Liverpool
! 5,000 66,000
days of the week, the rainfall reaching thirty-eight hun¬
7,000 123,000, 3,000 96,000
To Continent
The thermometer has averaged 44,
dredths of an inch.
1 6,000 266,000
15,000 354,000! 8,000 303,000
Total Europe
ranging from 26 to 62.
Stateburg, South Carolina.—The weather has been clear
*A. eantar is 98 lbs.
and cold on four days and cloudy on three days, with rain on
This statement shows that the receipts for the week ending
one day in the latter part of the week.
The rainfall reached Feb. 25 were 70,000 cantars and the shipments to all Europe
eleven hundredths of an inch. Ice formed on four days. The
15,000 bales.
weather is so unfavorable that plowing is very backward.
Manchester Market.—Our report received from Manchester
Average thermometer 36*1, highest 54 and lowest 18.
Wilson, North Carolina.—It has rained on one day of the to-night states that the market is steady. We give the prices for
week, the rainfall reaching sixty-nine hundredths of an inch. to-day below, and leave previous weeks’ price for comparison.
1883-34.
1884-85.
The ther¬
We have had snow this week, and ice has formed.
CotVn
mometer has averaged 33, the highest being 43 and the low¬
OotVn
8H lbs.
32* Cop.
Mid.
Charleston, South
1
1
32* Cop.
Twist.
est 16.
following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
February 26, 1885, and February 28, 1884.
The
Feb. 20, '85. Ftb. 28, '84
ew
Orleans....
Memphis
Nashville
Shreveport
Vicksburg
Below
high-water mark
mark.
Above low-water mark.
Above low-water mark.
Above low-water mark.
Above low-water
Feet.
3
12
8
17
31
Inch.
3
2
9
8
3
Feet.
Inch.
1
34
15
32
44
5
11
6
5
10
d.
Dec 26
Jan. 2
“
9
“
16
“
23
“
30
Feb. 6
“
13
“
20
“
27
d.
s.
5
8% ® 9
9*16 5
87ifi3 91i6 5
5
838 3 9
8 516—S151 c 5
8516-315I6 5
S51b_815ip, 5
,5
15
8 k387e
ft I4 '7*
ft 7a 5
8 k lbs.
Mid.
Shirtings.
TJplds
d.
7
s.
37
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7
7
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d
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36iok>
'36 10^
36 101s
36 9^
36
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d.
6
6
d.
8:?s 3
8hi 3
51^10 8ia 3
85s 3
578
515i0 8is 3
6
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8*3 Zb
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Gift
Shirtings.
Iwisi.
d.
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878 5
d.
b.
d.
5i2@6 11ia
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5J316
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5J-5i6
57e
9
9
9
9
9
9
ftlfj 3 9
5
5 10
5 5ia37
5 7 37
5 7 37
5 7
37
5 7 37
2ia
2ia
2ia
2i«
51k16
578*
51318
513iq
578
February
THE CHRONICLE
28, 1885. J
Jute Butts, Bagging, &c.—There has been quite a good
demand for bagging since we last wrote, and though the orders
for small
are
parcels for present wants, in the aggregate
siderable amount of stock has been worked off.
Exports op Cotton (bales) from New York since Sept. 1. 1884.
Week
a con¬
There is
change to report in prices, sellers not caring to accept less
Liverpool
Total
to
Great Britain
Other French ports
and about 1,000 bales have found
sellers are willing to name these
Bremen
and
Daily Crop Movement.
—A
comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement
for
the years named.
The movement since
September 1, 1884, and in previous years, has been as follows:
Tear
Monthly
Receipts.
1884-85.
1883-84.
Beginning September 1.
1881-82
1832-83.
-
333,613
888,492
942,272
956,461
647,140
.
Total year 4,137,962 3,967,666 4,267,300 3,741,549 4,025,900 3,768,011
'
Perc’tage of tot. port
receipts Jan. 31..
8180
79-27
70-39
75 34
63-53
This statement shows that up to
Jan. 31 the receipts at the
ports this year were 170,298 bales more than in 1883-81 and
129,338 bales les3 than at the same time in 1882-83. By adding
to the above totals to January 31 the daily receipts since
that time, we shall be able to reach an exact comparison of
the movement for the different years:
Tot.
Feb.
1883-54.
2....
3
1832-33.
3,967,666
13,650
10,419
14,678
S.
15,848
19,676
14,139
S.
...
4....I
4,267,300*3,741,549
21,924
18,075!
22,530
21,769
8-
10,039
27,938
35,832
26,666
8.
26,031
16,697
8.
20,354
15,208
15,582
21,920
14,970
20,763
i 1.289
12,207
13,350
10,496
10,622
23,485
13,721
31,433
9,037
16,604
28,992
18,847
8,862
17,153
8....
S.
24,223
18,808
23,038
“
9....
11,972
17,925
40,557
“
10....
11....
10,601
“
12...
“
13....
'
8.
13,730
8.348
11,257
19,319
8.
15.790
14,.j81
10,975
25,147
26,599
9,181
15,754
23,158
10.S23
23,150
28.391
9,647
10,070
S.
9,380
16,183
13,579
20,037
S.
44
16....
13,415
“
17....
8,523
8.
17,131
“
18....
5,490
10,397
S.
“
19....
20....
7,183
10,529
10,937
8,027
27,754
“
“
21....
3,031
20,859
17,739
“
22
44
23....
7,799
18,419
15,316
35,619
*•
24..
7,637
8.
18,471
44
25....
9,626
14,316
S.
“
26....
44
27....
11,253
10.353
9,582
7,231
18,057
21,200
31,304
14....
15....
8.017
12,915
17,015
27,671
29,638
15,410
10,750
“
16,777
8.
8.
17,632
25,523
20,967
“
8.
1,025,800 3,768,011
8.
22,962
11,049
5....
.
12,532
22.343
6....
7....
“
] 1879-80.
20,9771
“
“
1880-81
30,723*
“
“
1881-32.
i
1....I
“
“
1884-8,5.
Jn.31j 4,137,962
“
6,727
9,408
8,381 13,503 260.937 251,136
27,386 17,346
6.727
9,408
8,331 13,503 283,323 268,484
519
367
400
170
1.283
29,229
1,151
27,116
519
767
170
1,233
30,330
27,116
1,646
1,054
22,957
3,547
36,024
48,731
19.463
20,401
31,750
2,983 107,715
71,614
Feb.
26.
*
1,043
2,011
Hamburg
Other ports
1,438
C13
645
1,806
Total to North. Europe
2,431
3,169
3,452
Spain, Op’rto,Gibralt’r,&c
All other
'387
145
i,750
2,028
9,588
2,967
2,232
145
1,750
11,616
5,199
-
Total
Spain, &o
Grand Total
The
9,727 13,344 12,148 19,524 438.034 372,413
Following
the Gross Receipts of Cotton at
New York, Boston, Philadelphia and Baltimore for the past
week, and since September 1. 1884.
are
New York.
Receipts
from—
Boston.
Philadelphia
Baltimore.
This
Since
This
Since
This
Since
This
Sines
week.
Sept. 1.
week.
Sept. 1.
week.
Sept. 1.
week.
Sept. 1.
7,252
1,924
1,512
North’n ports
Tennessee, See
Foreign
1,251
170,763
205,313
167,334
1,891
13.7S4
104,950
20,367
183,986
4,512
55,542
SOT
4,779
This year...
20,994
938,771
7,949
311,339
2,506
76,353
6,732
174,131
Last year...
18,575
903.920
13,755
299.485
1,123
62,675
5,096
172.436
Texas
..
Mobile
840
Florida
1,411
So. Carolina..
305
No. Carolina..
3,137
Virginia
25
2,208
5,521
•
1,239
•
•
.
•
••••••
••••••
••••••
.
41,291
8,701
8,956
10,843
18
1,845
1,490
57,212
63,023
2,793
115,574
643
32,181
4,000
24,000
14
128
139
9,075
1,775
40,333
9,015
335
19?
14,728
10,937
25,432
425
71,348
806
*•••••
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
G7,413 bales.
So far as the Southern ports
concerned, these
are
the same exports reported by telegraph, and published in
the Chronicle last Friday.
With regard to New York we
include the manifests of all vessels cleared up to Thursday
are
8,707
8.
a
23,239
13,053
14.386
S.
39,774
17,936
21,991
12,725
8.
16,663
13,626]
26,277
20,960
5,341
15,760
S.
5,712
16,373
18,684
14,049
6,652
10,628
30,692
S.
22,963
39,540
25,645
23,367
11,012
8.
16,954
21,964
13,805
4,390,034 4,313,279 4,339,423 1,024,172 4,561,800 4,201,820
Percentage of total
88-92
80-39
85-26
77-6
84-00
portrec’pts Feb. 27
Total bales.
New York—To
Liverpool, per steamers Adriatic, 1,323
Bothnia, 1,135
City of Montreal, 3,545
England,
1,165
Lake Huron, 1,551
Laplace, 701
St. Ro¬
mms, 2,019
Wyoming, 1.704
13,503
To Havre, per steamer Amerique. 1,283
1,283
To Bremen, per steamers Eider, 505—Saiier, 519
1,054
To Hamburg, per steamers Geilert, 510
Moravia, 807
Rhaetia, 200
1,547
To Rotterdam, per steamer P. Cal and, 210
2IO
To Antwerp, per steamer Belgeul mil, 177
177
To Genoa, per steamers Alesni, 550
Teutonia, 200
750
To Naples, per steamer Alesia, 1,000
1,000
New Orleans—To Liverpool, per steamers Borinqnen, 2,398
...Chancellor, 3,748
Counsellor, 4,310.....Yucatan,
5,282....per bark Patagonia, 3,999
19,737
To Bremen, per steamer Irtliington, 4,312
per bark Rota,
-
1,511
This statement shows that the
receipts since Sept. 1 up to
to-night are now 76,755 bales more than they were to the same
alay of the month in 1884 and 449,389 bales less than they were
to the same day of the month in 1883.
We add to the table
the percentages of total port receipts which had been received
to February 27 in each of the years named.
The Exports
of
Cotton from New York this week show
an
increase, as compared with last week, the total reaching 19,524
bales, against 12,148 bales last week. Below we give our usua]
table, showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and directions since September 1, 18S4, and in the last column
the total for the same period of the previous year,
5,856
To Hamburg, per steamer R. F. M it thews, 123
To Vera Cruz, per steamer Esttbun do Antuuuii >, 170
Mobile—To Liverpool, per ship Julia, 3,113
per bark Maiden
Charleston—To Liverpool, per bark Wayfarer, 2.139 Upland..
To Autwerp, per steamer Canonbury, 4,080 Upland
To Palma de Majorca, per bark Paquette del Vendrel, 180
123
170
...
City, 2,6'5
6,041
2,130
4,080
Up laud
180
Savannah—To Barcelona, per steamer Connaught, 1,060
To Genoa, per steamer Connaught, 1,050 Upland
Upland
To Trieste, per steamer Connaught, 800 Upland
Galveston—To Liverpool, per bark Tliora. 2,178
To Vera Cruz, per steamer Whitney, 285
Baltimore—To Liverpool, per steamers Barrowmore, 698
Mont-more, 500
Thanemore, 1.459
Liverpool, per steamers Iberian, 840.. .Kansas, 759
Boston—To
Total
The
form,
1,060
l’050
800
2,178
285
2,657
1,569
67,443
particulars of these shipments, arranged in our usual
are as
Total
year.
Feb.
19.
night of this week.
i
!
since
Sept. 1.
Feb.
12.
...
Total French
Savannah.
-
458,478
429,777
853,195
963,318
974,013 1,006,501
996,307 1,020,802
487,727
571,701
326,656
345,445
343,812
Ootober.. 1,090,385 1,046,092
930,584
NovembT 1,122,164 1,030,380 1,094,697
DecembT 1,101,211 1,059,653 1,112,536
487,729
752,827
475,757
January
Sept’mb’r
Havre
New Orleans.
1879-S0.
1880-81.
Same
period
prevVu#
Feb.
5.
Other British ports
11c. for standard grades. There is only a moderate inquiry at
the moment for butts, though some business is in progress.
There have been some inquiries in market for paper grades,
buyers at 1 11-16@l%c., and
figures for further parcels.
We do not hear of anything doing in bagging qualities, though
buyers have been in the market, and sellers are quoting 2@
2^c., as to quantity.
endingTotal
Exported to—
no
than quoted figures, and several hundred bales are reported on
the basis of 9c. for 1% lb., 93^c. for 1% lb., 10}^c. for 2 lb. and
Comparative Port Receipts
275
New York.
N. Orleans.
Mobile
Cuarleston.
Bavanuah
Galveston.
Baltimore..
Boston...£.
Total
..
follows:
Rotter- Barcc- Genoa,
Bremen dam iC- Iona <£• Trieste
Liverdt Ham- Ant- Palma dc and
Vera
pool. Havre, barf/.
werp. Majorca. Nafiles. Cruz.
13,503 1,283 2,601
387
1,750
19,737
5,979
170
6,044
2,130
4,030
6,014
180
1,060
2,178
2,657
47,818
.
6.390
.
1,850
2^5
"...
1,569
1,283
8,530
Total.
19,521
25,880
2,910
2,463
2.657
1,569
4,467
1,210 3,600
155 67,443
add the clearances this week of vessels
carrying
Below we
cotton from United States
the latest dates:
ports, bringing our data down to
Galveston-For Liverpool—Feb. 26—Bark Ludwig
Wilhelm, 2,004.
New Orleans—For Liverpool—Feb. 21-Steamer Merchant, 2,196
Feb. 26—Steamer Orator,
For Genoa-Feb. 21-Bark Teresa, 1,284.
.
Charleston—For
Liverpool—Feb. 2o—Barks Sagona,
1,386.
2,018; Woodbine,
For Gottenburg—Feb. 25-Bark
Nordenskjold, 1,200.
Savannah—For Liverpool—Feb. 20-Bark St.
George, 2,405
For G,enoa-Feb. 21—Steamer
Connauzht, (additional) 300.
276
THE
Norfolk—For Liverpool—Feb. 21—Ship Canara,
5,687
Feb.
CHRONICLE.
[VOL. XL.
25-
Wednes., Feb 25.
Boston—For Liverpool—Feb. 17—Steamer Palestine, 685
Feb. 20—
Steamers Catalonia, 829; Venetian, 1,103
Feb. 21—Steamer
Borderer, 1,562.
Baltimore—For Liverpool—Feb. 19—Steamer Guido, 2,168
Feb. 2 —
Open High Low. CI08.
Ship Grandee, 5,846.
Steamer Oxenholme, 1,559.
For Bremen—Feb. 2 >—Steamer Hermann, 1,115.
Philadelphia—For Liverpool—Feb. 19—Steamer Illinois,
24—Steamer Lord Clive, 934.
Below
605...,Feb,
give all news received to date of disasters to
carrying cotton from United States ports, &c.;
we
vessels
Haitir;x, steamer (Hr.), Peters, from New Orleans, arrived at Liverpool
Fi binary 2X. On the 1th inst. a lire b oke out in
the eab:n»
which was damaged.
Ninety hales oi cotton wvie burned and
jettisoned. The caigo is stated t * be much damaged.
Laplace, steamer (Br.), for Liverpool, passed out of New York harbor
A. M. of February 22, but returned ieaky P. M. same day.
^ho
reported that while proceeding to sea encountered heavy held ice,
in which had bow plate cracked on iho water loie, causing vessel
to leak slightly. She repairtd and sailed February ^5.
Plantain, steamer (Br.), Pearsc, from Norfolk for Livevpoo\ put into
Waterford, Ireland, Feb. 23, short of coal and dismasted.
Fred. J. Collins, schooner, from Galveston, with cotton and old iron
for Boston, caught tire.night of Fob. 22 from an exploding lamp,
and was abandoned on tire off Oc-\ n (Tty, N. J. She was entirely
destio.ved. The value of vessel and cargo was $70,(»0 ', fullyinsured. About 200 bales of emtou wore sighted off < diiucoteaguo
A. M. of Feb. 25, b.v steamer Wyanoke, (Old Dominion Line) at
Norfolk, from New York. Supposed from above vessel.
Cotton freights the past week have been as follows:
Satur.
Liverpool, steam d.
Havre, steam
Do
c.
sail
sail
764*
764*
764*
516*
516*
516*
1330*
1332*
13gr» *
1332'
5ic/
“IS*"
516*
516*
45t
451
45i
?16*
“16*
c.
•
'w
•••
r—<
O
45!
sail.-.c.
Do
JReval, steam—d.
sail..
4®932*
c
4®932‘
4®932’
4®932*
4®932’
932A
932*
932*
932*
d.
932+
Antwerp, steam..c.
%®9«4*
4*
4*
%*
4-
4*
4®918
4®916
4®9K3
4®964*
Open High Low. Clot. Open High Low. Clot.
d.
a.
d.
<1.
d.
d.
d.
d.
d.
d.
February... 0 07
6 07
000
6 00
0 00
6 00
6 00
0 00
0 05
0 05
0 04
6 04
Feb.-March. 6 07
007
6 06
6 08
0 06
6 00
0 08
6 00
0 05
6 05
0 04
6 04
0 07
0 07
0 00
0 06
6 06
0 06
6 03
0 03
0 05
0 05
004
004
0 11
6 11
010
0 10
610
0 10
6 10
610
6 09
009
6 09
6 09
0 15
615
0 14
014
0 14
014
0 IS
013
8 13
6 13
8 12
012
0 19
0 19
0 17
0 17
6 17
017
0 17
0 17
0 10
6 16
816
010
0 22
0 22
021
021
8 20
0 20
0 20
6 20
6 19
0 19
8 19
6 19
6 25
6 25
6 24
0 24
6 23
6 23
6 23
6 23
0 22
0 22
6 22
6 22
March-Apr.
April-May..
May-June..
June-July..
July-Aug...
AuR.-Sept...
Sept.-Oct..
«...
Oct.- N'OV...
.
....
Nuv.-Dec...
Dec.-Jan
•
...
....
•
•
.
....
....
....
....
•
j
j
.
...
.
....
....
....
...
...
....
....
...
....
....
....
•
•
•
....
13®9«4
%'
4®916*
4 4 9ri4*
Liverpool.—By cable from Liverpool, we have the following
&c., at that port. We
Sales of the week
bales.
Of which exporters took
Of which speculators took..
Sales American
Actual export
Forwarded
Total stock—Estimated
Of which American —Fstim’d
Total import of the week
Of which American
Amount alloat.
Feb. 13.
Feb. 20.
44,000
3,000
38,00u
4, Ode
29,000
4,000
37,000
860,000
4,000
23,000
10,009
4,000
26.000
90l,00i
611,000
299,000
270,000
56,000
3,00 >
6,000
23,009
5,0 >0
21.000
36.000
262,000
234,000
6,000
19,000
945,0 >0
727,090
9
,090
71,000
232,000
2 92,000
The tone of tiie Liverpool market for spots and futures each
day of the week ending Feb. 27, and the daily closing prices
have been
Market, ' Harden’#.
Spec.&
as
v
Wedntx.
Thursd’y
Friday
More
demand.
Firm.
Buoyant.
Steady.
offered.
64e
fihe
64
64
04
10,000
1,500
6;q«
8,000
1,000
6316
10,0)0
1,000
6
6lie
7 000
1,000
exp.
follows:
Tuesday.
Saturday Monday.
Sales
64
10.000
2,000
Freely
fuel,”
as
as was
done with
on
OF NO. 2 RED WINTER WHEAT.
Mon.
Sat.
Market,
Tues.
J
(
j
Barely
Firm at
steady
2-64 ad¬
at 1-64 ad v
vance.
Steady.
1-64 ad¬
Steady.
July delivery
Indian corn has moved
the declines are not
Barely
Firm.
Barely
steady.
Easy.
opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
or The prises are given in pence and QUhs, thus:
5 62 means
5 62-6 L?., and 6 03 means 6 3-64d.
at inside
Iji r- •
.
! Clou.
.
1
jo $>ni lift.-,
1 d.
d.
L
■
.0.
Cl ns
Opt n
.
Low. Con.
:
February delivery
53%
50%
rs
up* nine ...
p i j;; wheat extras.
li
clear ,<uw stra’t.
•i.
cl.
d.
d.
d.
r
4.
d.
d.
6 02
0 02
6 04
6 04
6 01
6 04
1
0 04
0 05
0 04
0 05
atents
Feb.-.March. 6 02
March-Apr. 6 03
6 02
6 02
6 02
0 04
6 04
0 04
6 04
i
0 04
0 (‘5
001
6 05
6 03
6 03
fl 06
6 05
6
5
6 05
' 6 05
8 05
6 00
0 05
6 00
Oily
Bouth’n
April-May..
6 07
6 0;
6 07
6 07
6 0
1
6 00
6 oy
6 0<
j 0 09
11
6 0)
6.11
Mav- Mine
6 n
6 11
6 1!
611
jG12
0 12
0 12
6 12
0 13
011
0 13
0 14
June-Julv..
6 15
6 15
H 15
0 15
: 6 10
6 18
0 16
6 16
6 1?
6 18
0 1?
6 20
0 21
0 20
0
23
0 21
0 2?
0 24
6 IS
6 18
6 18
6 IS
6 21
6 21
6 21
6 21
6 22
Sept .-Oct...
Oct.-N<w..
....
....
Nov.-Dee...
...
Dec.-Jan....
....
....
....
—
....
I
<
0 20
8 20
0 22 i 6 22
0 29
0 22
....1
....
...
••
....|
••
.
.
....
••
.....
...
....
...
....
.
49%
49%
'5*
m
49%
*
; 0
1
1
••••
....
....
•
•
•
•
0
....
....
i
hliterXX
0 13
21,
....
....
....
....
...
....
....
*
*
*
*
2
2 70® 3
3 0 w 3
3 8 na 4
3 loc 3
5
4 *■» 0
4 65® 5
3 23® 4
3 50® 4
T? bbl. $2 25®
8 0?
Aur.- 4ent..
88%
86%
87%
90%
91%
90
87%
....
....
2 MIXED CORN.
Tues.
Wed.
Thurs.
524
52
514
524
50%
49%
49%
52
49%
49%
494
49%
494
49
494
49
49%
,
Fri.
5244
494
48%
48%
48%
Rye has been quieter, but is very firmly held. Barley and
barley malt have sold slowly and prices have had a down¬
ward tendency.
Oats have continued to be taken to a moder¬
ate extent for export, but under freer supplies the speculation
has lost spirit, and part of the recent advance is lost. To-day
the market is lower, No. 2 mixed closing at 36%c. for March
and 36c. for May.
The foliowiug are closing quotations :
j.
July-A utr...
Mon.
53%
6 02
1 a 20
87%
=
In elevator
rintershipp’tf extras,
...
February...
—
prices.
ine
Tues., Feb. 21
i
Ope* ti'-r
89*3
91%
92%
92%
Fri.
89
F-OUJt.
!
Hon., Feb. 43.
"‘uf. Feb. 21.
91^
93is
944a
Thurs.
90
“cornering” February contracts, if ever attained, has had
but little success, and speculation has generally weakened.
The current demand for export has been slow.
The irregular
advance in white corn, noticed last week, has been pretty
well supported, but sales for March arrival have been made
at 4c. per bushel under spot prices.
Yellow corn has been
very quiet.
To-day another decline took place, and the close
June delivery
Easy.
91%
SS%
important, except for prompt delivery.
purpose of
delivery
April delivery
May delivery
Quiet.
Wed.
in sympathy with wheat, though
Sat.
1,000
•
91LJ
90 J8
been free by rail, and the
The arrivals have
63ib
vance.
steady.
hH
DAILY CLOSING PRICES OF NO.
Steady at
Firm.
■0
9358
94%
delivery
no
p
92
April delivery
May delivery
March
Market, (
5 P. M. (
The
0044
March delivery
was
8.0 '0
corn some years
the spot has
also declined, and the lower
prices, in conjunction with the cheap ocean freights, caused
some increase in the purchases for export. The milling demand
has been steady, and white has formed a considerable portion
cf the purchases. To-day there was further decline, and futures
were pressed for sale, while the export demand was small.
Wheat
64
Futures.
12:30 p.m.
....
sympathized to some extent with the
Supplies have been more liberal from the
arrival cf consignments detained by the snow blockades on the
railroads, and assortments are far more attractive; yet the
demand has not been active.
Holders have not been disposed
to make concessions sufficient to stimulate buying, and foreign
orders have not been urgent.
Consequently the feeling has
been marked by dulness and depression, without any decided
or general reduction in figures.
There is a very important decline in wheat for future deliv¬
ery, leading to a greatly increased activity to the speculation.
Foreign and Western advices have been alike unfavorable, but
a conspicuous element of weakness has been the continued
large visible supply. “There is too much wheat,” it is re¬
marked ; “ the supply at the West cannot be gotten rid of
Feb. 27.
37,000
6,000
3,000
921,00.)
70 7,C 09
73,00
51,0 ()
6-7,000
106,000
87,000
280.009
24s! ,000
115,000
95,000
Of which American
Mid. Upl’ds
Mid. Oil’ns.
....
decline in wheat.
In elevator
12:30 pm.
...;
....
Friday, P. M., February 27,1885.
DAILY CLOSING PRICES
Feb. 6.
Spot.
....
The flour market lias
unless it is burned
statement of the week’s sales, stocks,
add previous weeks for comparison.
,
d.
B8EADSTUFFS.
since.
t Per 100
Compressed.
of spot cotton,
Fri., Feb. 27.
...
Barcelona, steam.c.
Genoa, steam—c.
Trieste, steam...c.
*
7G4*
c.
Amst’dTn, steam.c. 45®50f
Do
Fri.
....
Hamburg, steam.c.
Do
Thurs.
516-1132"
c.
sail
Wednes.
....
Bremen, steam..c.
Do
Tues.
%®934*
sail...d.
Do
Mon
Thors., Feb. 26.
.
XNX..
.
in - ex
com. extras..
75 i Southern baker?/ ard
0 >
xifiiiy brands
3 ->
li 'otiour, super
>•..
mi
Fiue
35
25
85
75
65
Com
$4 75® 5 50
3 60'/* 3 85
2 40® 2 80
meat—
Western, <feo
Brandywine. Ac...
Buckwheat Hour per
100 lbs.....
3 00®
®
3 25
3 30
2 50® 2 65
GRAIN.
Wheat
Rye—Western
-
Spring,per bush.
Spring No. 2
Bed winter, No. 2
Red winter
White
Corn—West, mixed
West. mix. No. 2.
West, white
White Southern..
Yellow Southern.
80
®
93
®
88
78
83
50
®
®
®
®
514 *
54 ®
....a
50 ®
90
96
94
53
524
57
....
53
State
Oats—Mixed
White
No. 2 mixed
No. 2 white
Buckwheat
70
72
37
38
®
71
®
74
39
©,
®
374®
39
....
®
®
®
41
38
394
....
Bariev —No. I Canada. 88
SO
No. 2 Canada
®
91
82
State, two-rowed— 60
68
State, six-rowed
®
®
63
71
Oats.
Corn.
Wheat.
Flour.
BU8/l.5>5'
Bbls.lWUu Bush.dO lbs Bush.50/f» Bush.32 lb. Bush .48 lh
Chicago
174,216
219,577
6 >,041
55,779
Milwaukee
14,094
..
Feb. 21.
8
528,197
228.951
71,293
15,840
16,700
3,100
74,543
8,230
S.170
1,391
1,115
42,619
15,176
5,50 5
3 453
13,000
38,000
17,000
....
23 39S
154,253
511 5 >5
65.491
1,000
34,200
14.850
3,800
103,480
53,850
8.400
2,500
Detroit
Cleveland.
*'
Peoria
1,435
Duluth
59,624
1,368,239
400,288
Same wk. ’84
550,153
2.607,901
1,169,272
314.805
56.045
Same wk. ’83
183,769
786,197
2,180.771
780.103
463.846
68,767
1882-3
..
269,67 5
88,531
29,731
50
18,795
446
162,567
102,263
Total...
0,0 »5 668
5.584,514
81
980,015
58,408,837
36,310,605
12,567 523
56,236.38 1
71.272.440
39,025.900
5.977892
58.299.169
40.862.647
30 915 96
13,909.543
11,527,0511
i
1883-L
1882-3.
1.441,453
1,718,311
Corn
3,179.853
15,103.644
2,857,499
11,*56,664
Oats
5.082,389
5 037,699
Barley
Rye
1,114,772
393,321
1,231,183
401,835
3.384,587
13,022.101
5,469 617
2.123,785
282,079
1884-5.
bbls.
bush
'
3,683.299
5,792.695
2,994,122
Below
are
the rail
2,986,438
11,963,520
5,232.811
1,059.377
365.363
21t587,509
shipments from Western lake and river
1885.
Week
Feb. 21.r
1884.
Week
Feb. 23.
1883.
Week
Fe1). 24.
141,898
146,8 34
158,039
237,757
1,375.311
444,429
98,533
289,657
1,422, >95
305.637
1,343,146
881,761
24.138
24,774
bbla.
Wheat..
Corn....
Oats.... ;
bush.
Barley
Rye-.
Total
801,505
99,864
1882
W-tr.k
Feb. 25.
123.191
118 971
1,091.420
286.212
91,762
18.128
300.211
25,8 i4
2,633,195
2.180.223
shipments from
Aug.
since
Week
Wheat,
bush.
Flour,
bbls.
Feb.21/85 141,89 8
2,355,649
1,609.493
hush.
444,429
547,983
9 >3.600
729,035
e
98,533
bus
21.193
105,650
27,676
179,537
14 >,927
52 3 >6
bush.
2,104.012
2,2-33.458
2,045,805
Rt
Bariy,
Oats,
1,375 311
4 > 4.258
420.317
Jan.31/83 196,414
port3 for last four
same
Corn,
bush.
237,757
292,244
Feb. 14,’8ft 192 780
Feb. 7/8 > 2.50 *83
Tot., 4 W.. 767.97 5 1,335,076
7.7 88.586 2.630,050
4w’kfci 84.. 594,740
5.923,035 2,530,131
The receipts of flour and grain at
week ended Feb. 21 follow:
FI ovrt
obis.
At—
New York
86,2 3
41,475
Wheat,
Corn,
bush.
bush.
Oats,
busn.
.
33,8 )6
111,3(54
Rye
b u,. 1,
551,862
bust,
88,125
201,300
14,032
39,025
1,805
500
Portland
3, ."Hi 1
23.7 7
33.089
71,100
178,003
140.275
12,289
5,83 4
808,234
20,0-0
2,367
Newp’t News..
New Orleanp...
Total week... 201,874
Cor. week ’84.. 203,629
138,13 >
162,554
298,400
Montreal
Baltimore
513.647
510.574
Barley.
12,480
1(5003
2,320
Philadelphia...
1.500
68.t 09
6,0.j0
3.600
19,202
2,3 iO
27,092
362 173 1, ,781,798
163,04 2 1,343,645
1884-5.
bush.
Wheat
Corn..
Oats
,.
414 3 >7 103.192
8.050
403,064 118 312
27,475
Barley
Rye...
Total grain
1884-5
1883-4.
Aug. 27 to
A ug. 25 to
Aug. 27 to
Feb. 23.
Feb. 21.
Feb. 23.
Buh.
Bush.
Busn.
Rush.
425
2.734,753
10.024,074
241,339
212 512
14.829 051
15,459 278
4,418,01!
14.934 30 1
’ontlnent...
13,980.427
9,026.659
& C. Am...
397.288
340.440
43,314
831
West Indies.
425.491
But. Col’nies
327,477
84,900
420,008
320.758
691,971
214,483
140
17,695
18,278
4,052.261
30,916,003
3
Oth. oountr’s
Total.
Bbls.
4,514,926
...
20,678
8,010
5,577
23,04S,1S2
4,333,729
894,703
229,540
91,020
41,03.3
02,033
110,925
20,880 804
20.635,894
The visible
supply of grain, comprising the stocks m granary
principal points of accumulation at lake and seaboard
ports, and in transit by rail and water,Feb. 21, ’85, was as f ollows:
at the
Wheat,
Corn,
Oats,
Barley,
Rye
bush
bush.
bush.
bush.
bush.
5,823,863
504,410
296,777
42,000
31,000
4,000
251,710
156,480
-
New York.
Do
alloat (est.)
210,798
000
Albany
2
Buffalo
1,577,000
Chicago
Do
afloat
14,993,822
1,531,215
142,313
7,537
4,830,439
5,671.203
i e>lt000
2,891.774
136,331
....
Newport News...
Milwaukee
Duluth
D> afloat...:
Toledo
5,000
.
St. lAHiia
83.000
16.200
405,486
343, eOO
125,450
22,000
110.571
9 44
96,992
16.515
67,596
19,717
67,985
70,000
75.055
969.258
1*0.000
2,622,052
659.666
59,864
Detroit
Oswego
39.014
183,071
13,935
3,915
5.706
201/90
14,677
2.500
6.0 40
Cincinnati
36,550
9,677
30 503
35,723
10,974
Boston
Toronto
33 740
30,769
302,098
31.8'*2
985
291,386
207,801
11,349
197,813
399.105
Indianapolis
Kansas l :ity
223,905
603,155
10,565
84,800
530,8 73
4O.300
1 19.J59
75,300
4,232
Ba'Cimore
813,037
599,950
3,995
397,267
1,282,708
364,429
Philadelphia
D
iwn
...
Mississippi.
On rail...
Ter.
T .
L’ot.
T
1,535
101,899
Feb. 21,’85.
Feb. 11. '85.
Feb.23.’34.
Feb. 24, *33.
Tot. Feb. 25, ’82.
43,055.392 5,486,411
43,371,903 6,474,1 2L
31.47 1,95 L 14,4< 7, >0i
2 '.500,914 1 1,528,9 8
17,045,992 15,656,329
2,.317,935
2 ,674,633
5,52 4,558
4,.165,220
158,250
35.113
......
1
/
,5dd
.....
15,017
900
529
38,533
8,371
8,827
13,198
474.786
1,,581.550
4 84 439
1,6:4,336
2 .261.133 2.3 L7 230
1,,556,859 1,647.163
2, 412,225 2,286,407 1,110,817
1,927,253
2,634,8 43
1,859,122
5,163,200
2,835.9 >1
8,232,8 >3
2,733,900
8,331,072
5,209.9 04
13,252,357
3,259,331
6,712,785
3,‘>73.860
9 48,48/
1,2 >5,637
THE
DRY
170,671
28L.349
700,802
151,624
23,775,632
15,344.755
25,698.186
90,513
GOOD’S TRADE.
Friday, P. M., February 27, 1885.
material
dry-goods trade has not undergone any
change the past week.
unfavorable for the distribution of
The weather continued
spring and summer goods
by wholesale dealers, and a comparatively small business was
by commission merchants and importers.
therefore done
in the local jobbing
trade, the arrival of a fair number of Southern and Western
retailers having contributed to this result. Accounts from dis¬
tributing points in the North and Northwest are still some¬
what unsatisfactory, owing to the snow blockade yet existing,
but recent advices indicate a hopeful feeling in regard to the
There was,
however, a slight improvement
business outlook.
A feature of the week was a sharp advance
16,6t0,543
in cotton, which imparted more steadiness to manufactured
week goods, without, however, causing any appreciation in prices.
shown in the annexed statement:
Another important event was a large auction sale of foreign
Ft
a:s.
Flour.
Outs.
Rye.
silks, which included a line of the popular “ bonnet” fabrics.
The sale was largely attended, and the goods found ready buy¬
Bush.
Bbls.
Bush.
Bush.
exports from the several seaboard ports for the
The
ending Feb. 21, 1885, are
Exports
from
1681-2.
1882-3
1883-4
2,150,5*0
17,864,249
4,340,034
1,237,478
25 to
Feb. 21.
Feb. 23.
The situation in the
(>,3d0
receipts at the same ports for the period from Dec.
24, 1884, to Feb. 21, 188.5, compare as follows for four years:
bbls.
555.710
Corn.
1383-4.
t884-5.
A ug.
Aug. 27 to
1,650
The total
Flour
496,268 1.857,906
358,256
the seaboard ports for the
1 5 -O
Boston
5,062
Wheat.
Bbls.
3,0
CJn Kingdom
.
357/669
23,699
200
18H3-4.
13H4-5.
25, to— Aug. 25 to
Peoria
tndina—
201,110
3 2,908
3,439
Montreal
The rail and lake
weeks were:
Bush.
316.430
Bush.
Bush.
236.46 9 1,224,938
5 1,060
259,808
58.209
'
<5 r norts
1,219,513
ports for four years:
Flour
Feb. 21.
season:
18*1-2.
-
-
21,232,171
21,187,885
24,793,979
....
Feb. 2 i.
1884.
Week,
Feb 23.
Week,
By adding this week’s movement to our previous totals we
following statement of exports this season an! last
In store at
Total grain
1885.
16.781
Feb. 21.
1,821.889
Flour
1884.
Week,
have the
34,865
The comparative shipments of flour and grain from the same
ports from Dec. 22, 1884, to Feb. 21, 1885, inclusive, for four
years, show as follows:
Wheat
45,337
6,514
•
..
Bush.
Bbls.
104.953
4,459
9,696
20,2 24
4,44 >
,
1883-4
Week.
Feb. 21.
Flour.
198.338
732,930
Since July 28
1884-5
1885.
Week,
Oarn.
....
101,97.5
138,012
Tot. wk. ’85
Coutin’nt
S & 0. Am
\V. Indies
Brit.col’s
Otli.c’n’ts
1884.
Feb. 23.
Bbls
Un.King
..
1,757
2,070
1885.
Week,
to-
>
57,915
113,302
Toledo
St. Louis
Exports
for week
Rye.
Barley.
Wheat.
Flour.
The movement of breadstuffs to market is indicated in the
statements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the compara¬
tive movement for the week ending Feb. 21 and since Aug. 1
for each of the last three years:
Receipts at—
277
CHRONICLE
THE
28, 1885.]
February
-
New York
Boston.
Portland.
Mont teal.
Oom.
Wheat.
Rush.
Bush..
1(59 569
10,7 46
15,941
16,931
Pliiiadel,.
146,030
Balciin’re
N. Orl’iis.
N. News.
16,0.0
159.210
654.701
228.894
..
72,137
9.011
1,410
792,133
6,0 ’>2
65,429
8,050
4,071
22,107
ers
prices.
Cotton Goods.—The exports of domestics for
at fair average
Domestic
-
36,257
44,752
358,256 1,837,906
162,567
65,429
8,050
26,178
553,710
102,268
2,373
81,060
9,609
687 to Great Britain,
500 to Arabia, 245 to H iyti, 211 to U. S. of Colombia, 88 to
Santo Domingo, &c.
The continued advance in the staple has
not been overlooked by intending buyers of manufactured
below. We add the
corresponding period of last year for comparison:
goods, but the impression that the latter are in ample supply
has retarded operations on the part of jobbers and the mini}-
Total w’k.
8’rae time
1884.
..
1
!
496,266
The destination of these exports
the week
is
as
were
1,980 packages, including
[VOL. XL.
THE CHRONICLE.
278
distributed in considerable quanti¬
and jobbers. Carpets ruled quiet and prices are
low, and, as a rule, unsatisfactory to manufacturers.
and colored cottons were however taken in small parcels, to a
Foreign Dry Goods were rather more active in jobbing
"fair amount, by wholesale dealers, and a freer distribution of
circles, but the demand at first hands was barely up to expect¬
«uch fabrics was made (in package and assorted lots) by leading
ations. Silks remained quiet, but a fair business was done in
jobbers. The prices obtainable for cotton goods continue very all-wool and worsted dress goods, and printed and woven wash
low, and many mills will doubtless be compelled to curtail
fabrics continued in steady request. Linen goods, handker¬
production unless the condition of the market improves greatly chiefs, white goods
and laces were in fair demand, and there
in the near future.
Print cloths were in fair demand and
was a moderate movement in hosiery and fabric gloves.
steady at last week’s quotations, but there was a light and
Importations of Dry Goods.
unsatisfactory business in printed calicoes. Ginghams, woven
The
wash fabrics, white goods and table damasks were fairly
importations of dry goods at this port for the week
active in both first and second hands, and prices ruled steady ending Feb. 26, 1885, and since January 1, and the same facts
for the corresponding periods are as follows:
along the whole line.
Print Cloths.—The following shows the course of the
H
g
M
S
S
g
H
H
g
g
0
market during the week:
gSgggg
fSgS'gg
H
worsted dress fabrics were
hands was conse¬
quently governed by positive requirements. Brown, bleached
the demand at first
facturing trade, and
ties by agents
o
o
SALES OF FUTURES.
MARKET.
C-b
h
p
p
O
ct*
CD
Futures.
Spots.
April.
March.
Total.
2*
0 •
®
a> •
Tone.
Price.
Tone.
p*
Jane.
o
4-1
Saturday,
j
Quiet.
3T5
Dull.
Price
....
Sales
....
Price
Price
...
Sales
Sales
....
....
•
?!
••
to
••
Friday....
Total..
Price 312 Price 8T8 Price
Sales 1,000 Sales 1,000 Sales '....
j
j
j
j
Quiet.
3T5
Dull.
©
(4-
if- o
QD >—
3*21 Price 3*18 Price
Sales 2.000 Sales 1,000 Sales
Price
3*15
Dull.
3-15
Dull.
;
•
:
2,000
Quiet.
Price 3-10 Price
Sales 2,000 Sales
Quiet.
Price
....
Sales
Steady.
Price
3T5
Quiet.
....
3,000
....
1,000
4,000
Monday,
;
STOCKS and BONDS
At Auction.
Ur&vrMsned hold REGULA It AUCTION
SALES of all class©? of
EO N I) 8
ASD
•
GO
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WOUU--OI
rf-
CO i—•
W M M W W
SON,
ADRIAN Jit. MSJOJGIl
7
PINE
STREET,
NEW YORE”.
(Commercial Cards.
'■WARREN, JOKES & ORATZ
ST. LOUIS, Mo.
Manufacturers’ Agents for the sale of Jute
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TIBS,
LANE,
YORK.
BAGGING AND IRON TIES,
(FOR BALING COTTON.)
Agents for the following brands of Jute Bagging
‘Eagle Mills,’’"Brooklyn Fit y,”"Georgla,’’"Carolina/
’Nevins.O,” "Union Star,” "Salem,’’ "Horlcon Mills,’
Mills ” and “ Dover Mills.”
IMPORTERS OF IKON TIES
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Cards.
(Commercial
Bliss, Fabyan & Co.,
Philadelphia,
BRANDS
SHIRTINGS
SHEETINGS,
BROWN A BLEACHED
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AND
PRINTS, DENIMS, TICKS, DUCKS, Ac.
Towels, quilts, White Goods A Hosiery
Drills, Sheetings, die., for Export Trcule.
Brown, Wood 8c Kingman
SELLING AGENTS
Geo. H. Gilbert
STATES BUNTING CO.
supply, all Widths and Colors, always
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SELLING AGENTS FOR LEADING
CANVAS,
FELTING
DUCK, CAR
COVERING, BAGGING, RAVENS DUCK.SAIL
TWINES, &C., "ONTARIO” SEAMLESS
BAGS, "AWNING STRIPES.
In stock
Joy, Lincoln & Motley,
15 Chauncey Street,
,
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New York, Boston,
Co.,
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COTTON
NEW YORK.
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COTTON SAIL DUCK
86 & .88 Franklin St.,
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UNITED
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BOSTON.
FOR
Mfg. Co.,
Arlington Mills,
Freeman Mfg. Co.,
Renfrew Mfg. Co., James Phillips, Jr.
Fitchburg Worsted Co.,
George Whitney,
Continental Mills,
Lincoln Mills.
BOSTON, 31 Bedford Street.
wym
Nr.WYORK$35
A 60 Worth Street, and
&
37 Thomas Street.
AGENTS FOR
Co., Atlantic Cotton Mills,
Chicopee Mfg. Co., Peabody Mills,
Saratoga Victory Mfg. Co.,
Ellcrton New Mills, White Mfg. Co.,
Ocean Mills
Bullard & Wheeler,
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22,000
&
Bagging
OF
COTTON
NEW
CO
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No. 109 Dnane Street.
BAGGING.
119 MAIDEN
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Brinckerhoff, Turner
A full
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IMPORTERS
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WEDNESDAYS AND SATURDAYS,
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much
improvement in the demand for heavy clothing woolens as
expected. New and attractive lines of cassimeres, worsted
suitings, &c., adapted to the coming season, were opened by
manufacturers’ agents, but clothiers responded feebly, and
placed orders for future delivery with unusual caution. Over¬
coatings continued to meet with a fair share of attention, and
there was rather more inquiry for heavy cloakings by the
manufacturing trade. Jersey cloths were in irregular demand,
but liberal orders were placed for some of the most popular
makes.
D. sirable styles of printed satinets were in fair
request, while the more staple makes were lightly dealt in; and
Kentucky j \ms and doeskins ruled very quiet in first hands.
Flannels and blankets were taken in small parcels to a fair
amount, and there was a steady though limited movement in
tricots, sackings and suitihgs adapted to ladies’ wear, while
Woolen
3*
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3‘09 Price 3'16 Price 3 25
17,000
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S’lesT.2,000 Sales 2,000 Sales 1,000 15,000
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*Transferable Notices-sgaturday, 3* 15;
day, 3T5 ; Thursday, 3‘h?; Friday, 3T0.
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COTTON
EXCHANGE
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Uncasville Mfg. Co.,
Underwear and Hosiery Mills.
OFFICE
CARPETS.
Before buying your Carpets, Linoleum, Oil
Cloths or Mattings, cnli at BENDALL’S
Carpet Store, 114 Fulton St., basement
Hour. Cheapest plac e in the city. If not con
veniont to call, send for samples.
ESTABLISHED
Eugene
Successor
to
1855.
R. Cole,
SEARS & COLE,
PRINTER,
Supplies Banks, Bankers, Stock Brokers and Cor¬
porations with complete outfits of Account Booki
STATIONER
AND
and Stationery.
iPT* New concerns organizing
promptly executed.
will hare their or*
ders
No. 1
WILLIAM STREET,
(HANOVER SQUARE.)
@FedFRASER