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ittattctal
HUNT’S
REPRESENTING THE
MERCHANTS’ .MAGAZINE,
INDUSTRIAL AND COMMERCIAL INTERESTS
OF
THE
UNITED STATES.
[Entered, according to act of Congress, in tlio year 1882, by W». B. Dana &
Co., in the office of the Librarian of Congress,
Washington, D. C.l
VOL. 34.
SATURDAY, JANUARY 14, 1882.
CONTENTS.
THE
The Financial Situation
The Governor’s
Message
Demand Loans
41
43
Mercantile Failures for 1S81..
Railroad Earnings in Decem¬
ber, and from January 1 to
December 31
Political
Eulo
:ope.
Complications
46
in
and Eleven
Months
November 30, 1881
Monetary and
English News
Ended
49
Commercial
49
Commercial and Miscellaneous
News
52
48
THE
BANKERS’
Money Market. Foreign Ex¬
change, U.S. Securities, State
and
Railroad
Stocks
Bonds
Range in Prices
Stock
Imports and Exports for No¬
vember, aud for the Five
44
55
1?ew York Local Securities.... .56
Railroad Earnings and Bank
53
Returns
at the N. Y.
Investments,
57
and
State, City
51
and Corporation Finances...
COMMERCIAL TIMES.
Exchange
THE
Commercial Epitome...,
58
63 I Breadstuils
Cotton
63
The Commercial
GAZETTE.
Quotations of Stocks and Bonds
and
I
68
Dry Goods
69
(j&hwuxtlt.
Financial Chronicle is issued every Satur¬
day morning, with the latest news up to midnight of
Friday.
and
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79 & 81 William
Street, NEW YORK,
william B. DANA.
\
JOHN G. FLOYD.
).
5
Post Office Box 958.
THE FINANCIAL SITUATION.
The
new
economic
year
has opened very favorably,
conditions
are
concerned.
864.
special stimulus working decided improvement in tone
price here, the absorption of such an unusual supply
might have proved troublesome. As it was, the demand
has, in spite of the abundant offerings, carried
prices
pretty steadily upward ; and the street can congratulate
itself that we have
got back and put away some good
securities at moderate prices.
and
CHRONICLE.
and
NO
go
far
as
The latest mail advices from London
give interesting
details of the condition of affairs there at the
close of the
year which led to this unloading of American stocks
upon
our market.
The end of 1881 found the Bank of
England
with £20,310,994 bullion and
former the lowest of the
year and the latter very
near
the minimum—with a drain of bullion
to the
Continent, to Egypt, to South America and
only faint
hopes entertained that supplies might
come from France
possible event of a reduction of the rate of discount
by the Bank of France. The next settlement day was
in the
looked forward to with
apprehension, and rates for “ con¬
tinuation” were as high as 15
percent. At the same time
the speculation at Vienna and Paris took a
downward
turn, and
the French rente, Suez Canal and Union
Generale shares, which had hitherto formed
exceptions to
Capital abundant,
the
general decline, were unfavorably influenced, and
of the Paris journals were
sharply criticising the
action of the Bank in
accumulating gold in its vaults and
keeping the rate of discount at 5 per cent. Furthermore,
some
to
this strained condition of
It is therefore
upon
not
not
surprising that when it
the opening of the
recover
but
was
still
new year,
that
our
-C
was seen*
market did
further
depressed, the foreiga
only conducive to prosperity, holders of American stocks should manifest a
disposition
hut also
broadly indicative of it. They form likewise, to sell ; and, unable to find a
at home,
satisfactory
market
very strong forces acting against a sluggish movement
at that they cabled over orders to this
market, with the
the Stock
Exchange. But prices there had already run result already known. This week the
foreign stocks,
high, while the rate of interest had been rising and
many which had previously been sold, were delivered
by the
worthless securities floated,
$o that with the long-continued arrival of the
incoming steamers, and further sales were
demoralizing railroad war. acting as a special irritant, it made on cable
orders, the situation in London until Thurs¬
was no wonder that a
decline all around was so
easily day—settlement day—showing no improvement. It 1b
forced.
dented—are conditions
itS
even
and in addition
not
,
3
_
This downward movement has been
weakness in American securities in
possible that
helped also by the
as
the settlement
tive ease, er at least without
be favorably influenced
was
effected with compara¬
disturbance, London may
by the causes that have thus far
•improvement in the tone of our
affected our market; and if
foreign capitalists believe
under review, came at a
very opportune moment, for the the reports that have been cabled over of
the negotiation*
street has been
wonderfully well supplied all the week preparatory to an adjustment of the railroad
with stocks on
troubles, they
foreign account. Had there net been a may refrain from
selling more American stocks, even if
Europe. And the
market during the week
J
m
only £10,556,124 of reserve—
the
monetary
affairs, there was a little uneasiness felt with regard to
political complications on the Continent, while on top of it
all came the news from America that
prices here were
falling rapidly, and the situation may well have caused
all anxiety in London.
individual indebtedness small,
production enlarged and
profitable, exchanges active, railroad earnings unprece¬
V
m
p
THE THRONLCLE.
42
[VOL. XXXIV.
they do not at once buy back some of the properties setting now in this direction. Rates of exchange at interi
that have been thrown over by them.
But while money cities continue to rule in favor of New York, and at St.
continues in demand at London and on the Continent^ Louis the rate is, and at Chicago it has been, high enough
while so much capital is absorbed by home enterprises, to permit the shipment not only of currency but of gold
Furthermore the Treasury operations for the
and while the outlook is almost certain for low reserves of hither.
bullion in the European banks, it is scarcely probable that week show a loss (which is a gain to the banks) of
purchases of even the best of American stocks will be $1,372,173 73. The last bank return was doubtless
made up on rising averages, and hence the actual condition
made to any great extent for European account.
Bearing this
The Bank of England return for the week shows a gain was better than appeared in the statement.
in
mind
an improvement in the reserves may be looked for
of £13,000 bullion and of 3 per cent in the proportion of
reserve to liabilities.
The Bank of France reports a de¬ this week in view of the gain above noted from the
crease of 950,000
francs gold and of 5,925,000 francs Treasury and the net result of the interior movement
silver.
The Bank of Germany shows a gain of 2,500,000 which is shown by the statement below.
marks.
The following exhibits the amount of bullion in
Received.
Shipped.
-
•
principal European banks this week and at the
corresponding date in 1881.
Receipts at and Shipments from N. T.
each of the
Jan. 12,
Silver.
Gold.
Jan. 11,
1882.
Currency
Gold
Total
1881.
The
Silver.
Gold.
for the
Bank of
24,126,589
20,249,994
25,905,855 45,795,725 22,090,152 48,483,340
6,680,750 20,042,250
6.461,4S7 19.384,463
England
Bank of France
Bank of Germany
52.617,336 65,180.188 52,897,891 68,525,590
52.623.133 65,426,662 60,347,504 69,546,280
Total tills week
Total previous
£
£
£
£
week
Tlie above gold and silver division of the stock of coin of
of Germany is merely popular estimate, as the Bank icself
information
on
that point.
the Bank
gives no
$2,921,000
184,000
$629,000
15,000
$3,105,000
$644,000
the bank reserve
influenced by the
above referred to and by including silver
following indicates the change in
week, except so far as it niav be
rising averages
certificates, which
are
not counted as reserve.
Into Banks.
Sub-Treasury operations, net...
Tn+erior movement
Total
Out
of Banks
Net Gain.
3,105,000
644, <300
$1,372,174
2,461,000
$4,477,174
$644,000
$3,833,174
$1,372,174
The Bank of America received $2,780,000 gold from
exchange market has continued active and strong,
the demand being chiefly for remittance for the stocks the associated banks during the week, for deposit in the
sold here on European account.
The supply of bills is vault.
As noted above, the stock market has been active, gen¬
limited, coming mainly from cotton shipments, and, within
a few days, from loan bills, and these have been quickly
erally strong and at times buoyant this week, with the
absorbed.
The rates are still 2£ cents below the gold trunk-line shares the favorites among speculators. The
shipping point, and before they reach that figure the influence operating to the advantage of these specialties
situation is likely to undergo a material change.
Loan has been the old story of preparations to settle the trunk
bills can even now be drawn with a fair expectation of line war; but this time the rumor was accompanied by
The
.
may come upon the some corroborative evidence which led those who have
market in sufficient volume at least to keep the rates from hitherto been skeptical to give it more credence.
The
being covered at a profit, and
these
rising much if any beyond present figures. Besides, at negotiations were said to have been conducted by mutual
any moment there may be an increased movement of friends who were authorized to represent the principals,
cotton, which would add largely to the supply of com¬ and these mediators it is claimed have succeaded in
mercial bills. While the market therefore is for the obtaining assurances that all four of the companies
moment strong there appears to be nothing to justify would
agree to the
decision of the arbitratorsmomentous
to
whom
this
question is to be refer¬
apprehensions of gold exports. The following table shows
of
Much'
the advance in
these stocks hasrelative prices of leading stocks and bonds in London and red.
Newr York at the opening each day.
very likely been due to adroit manipulation, but it is
-
Jan
Jan. 11.
Jan. 10.
e.
Lond'n N.Y. •Lond’n N.Y.
Lond’n
N.Y.
Jan. 12.
Lond’n
N.Y.
Jan. 13.
Lond'n
N.Y.
prices.* prices. prices.* prices. prices.* prices. prices* prices. prices.* prices.
39*o8
117%
102*
39%
con.
98 07
98
lU.Cent.
12889
129"
12927
129%
130-27
117% 117 63 117% 117-60 118%
10234 100-80J 10234 100-80; 102%
41*:;©
40-53
41%
40M
40-%
9934
98-86
99%
98%
mi
13221
130
13075 130%
132%
N. r. c..
13023
130%
13073
131
131-73
131
Beading
33 37+
U-S.4s,c. 11V24
U-S.3&S 102-19
Erie
2d
67
117-36
9817
117%
10234
39%
98*4
117-30
102-06
39-36
32-43i
65%
102-27
40-42
9337
33'23-*-
65%
132 21
32-74+
132
65%
133-43
134
32-38+
64%
Bxch’ge,
cables.
4‘85%
4-86
4-87
4-87
4-87
•
Expressed in their New York equivalent.
+ Reading on basis of $50, par value.
X Ex-interest.
possible that there has been good buying, not merely for
speculation but for investment, by those who probably felt
that prices were low enough to justify the venture.
The
remarkable fact appears elsewhere that railroad earnings
are
continuing to record a very large gain over the
enormous figures of last year; and this indicates that not¬
withstanding the rate war and the sluggish movement of
grain- and provisions over the trunk lines, the railroads
are actively
engaged in the business of transportation to a
degree not hitherto equaled at this season of the year.
These facts doubtless have had
an
influence.
For instance,,
earnings by the granger roads evidently
served to stimulate an advance in those properties, and it
interest, insurance and commissions.
Money has continued in abundant supply during all the is reasonable to suppose that those who have access to the
week, the banks loaning liberally, some capitalists almost traffic returns of Eastern lines have not been slow to act
forcing their balances upon borrowers who have prime upon the information obtained regarding their own busi¬
collateral at their command.
On time the offerings have ness.
The contest for the control of Reading has been one of
been at 6 per cent for six months, and at 4 per cent for
four months on stock collateral, and the same rate for all the events of the week in stock circles. * The polling of
the year on Government bonds.
The abundance of votes for the election of a board of directors for theNote.—The New York equivalent is based upon the highest rate
cable transfers, which ordinarily covers nearly aU charges, such
loanable funds
in part
for
from the temporary absence
of employment for floating capital which has been let
loose by the January dividends and interest disbursements.
Besides, the domestic movements of currency appear to be
comes
the
enormous
as
began on Monday, and such was the time
receiving proxies that it was continued
through the week, the polls not being closed until 12:15o’clock yesterday, with a victory -for Mr. Gowen. Mr.
ensuing
year
consumed in
January 14,
THE CHRONICLE.
1882.]
behalf of Mr. Vanderbilt and the Vanderbilt
syndicate, cast 72,000 votes, giving the Go wen ticket
272,000 shares in all and the Bond ticket 222,000 shares.
The result can not be regarded as finally determined
until the court, under whose indirect supervision the
election took place, confirms it ; but the indications are
Schell,
now
on
that there is to be
no
The alli¬
contest in the courts.
of Mr. Vanderbilt and Mr. Gowen has been inter¬
ance
preted to mean, as we explained four weeks since, that
the Reading extension to a connection with the Vanderbilt
system would be rapidly pushed; and, with that completed,
Mr. Vanderbilt would control the largest area of coal and
coke in Pennsylvania, and be able successfully to compete
Pennsylvania for the coal and coke traffic, which
has been, and still is, so profitable to that corporation.
Government bonds were very strong on Thursday, the
advance being stimulated by the announcement that the
Secretary of the Treasury would issue, as he subsequently
did, a call for $20,000,000 extended 6s, redeemable on
60 days’ notice.
The amount redeemed at the Sub.
Treasury, since our last, of the 105th call was $420,050,
and of the 106th $347,800.
This leaves about $1,845,750
of the former, and $10,552,700 of the latter still out¬
standing.
The payments by the Assay Office, through the SubTreasury, during the week, amounted to $169,335, of
which $51,000 was for foreign gold.
There was an
importation of $50,000 in British bars by the Suevia on
the 12 th.
The receipts by the Assistant Treasurer from
with the
the Custom House
were as
follows.
Consisting of—
Date.
Duties.
Gold.
U. 8.
Notes.
$538,678 45
$140,000
$23,000
“
7....
415.919 10
‘
9....
510,479 97
“
10....
“
11
12....
709,607 95
597,150 38
550,195 11
316,000
3 81,000
491,000
452,000
421,000
22,000
54,000
72,000
51,000
49,000
Total...
$3,322,330 96
6
Jan.
“
THE
...
$2,504,000 $271,000
Silver
Silver
Dollars. Certificates.
$1,000
1,000
1,000
1,000
$4,000
GOVERNOR'S MESSAGE AND
$75,000
77,000
75,000
143,000
94,000
80,o00
$544,000
DEMAND
LOANS.
Among the recommendations contained in Governor
Legislature this week,
the financial commu¬
nity of this centre. The Governor calls attention to the
heavy and severe penalties imposed for a violation of the
law as respects usury, and to the desirability of a modifi¬
Gornell’s message, submitted to the
is one that is of peculiar interest to
This is
subject that comes up for
discussion every year, but nothing ever results from it
but empty rhetoric or ill-advised endeavors.
The mer¬
cation of the
same.
chant and the
a
banker, familiar with the economic laws
that govern trade and finance, know that freedom from
restraint and undue interference does not subject the
loans, and
that
43
as
relates
to
the
latter the
law be
very materially
retained—much
modified and the penalties—if any be
reduced.
Obviously, there is an advant¬
age in such a distinction that should commend it to the
favorable consideration of every thoughtful legislator. In
the country, time loans are the rule.
The farmer or pro¬
ducer does not borrow money on call.
He mortgages his
property or lands, and obtains the necessary funds on this
mortgage, with the understanding that he shall pay back
the loan at a certain fixed time in the future, interest running meanwhile at a stipulated rate. If therefore the law
be retained in its present form as respects time money, the
farmer would have small reason to complain.
He is pro¬
tected against usurious exactions, and beyond that he has
little
concern.
In contradistinction to this method of
borrowing in the
districts, the transactions in the cities are to a very
great extent on “call” or demand loans. Governor
Cornell says that in New York fully three-fourths of the
financial transactions on borrowed money are of this
rural
character.
And it is
on
this class of loans that the exist¬
ing law operates most harshly. Of course the statute is
evaded by some, and thus the law is not only useless, but
burdensome and immoral.
But the especial hardship
entailed upon business men is that through the inter¬
position of this unnatural barrier—the penalty for
a
violation of the statute,
it should be remem¬
bered, is the forfeiture of principal and interest
—the borrower has to pay more for the use of money
than he
otherwise would.
In times of stringency,
when the supply of money is inadequate to the demand
and the legal rate of interest is no longer considered suffi¬
cient compensation by the lenders, those seeking accom¬
modation have to pay in addition to interest a commission—
that being the mode adopted by the lender to evade
State enactments and get the full equivalent that tte
money would command—ranging from 1-64 to one per
cent per day.
One-sixtv-fourth is the smallest commission demanded,
and this is equivalent to nearly 6 per cent per annum,
so that
the moment money is worth more than the
legal rate of six per cent the borrower has to pay six per
cent additional, or 12 per cent
altogether; and, from the
nature of the fractions used, the rate jumps up not less
than 6 per cent at a time, until it finally reaches appalling
figures. In Boston, as Governor Cornell justly says, the
penalty is merely nominal and the rate seldom rises above
7 or 8 per cent, even when a stringency prevails and
money commands a commission here.
It may, perhaps,
be too much to expect that no higher rates would
obtain in this active centre, but certainly the removal of
the penalty would take away the commission dealings at
the Stock Exchange, and open the gates to a movement to
New York, in time of pressure, of surplus funds from
Now the number of lenders who will evade
every city.
m
m
to any extra pressure at the hands of the
lender, but rather is a guarantee that natural forces will the law is limited ; then the borrower would have an
be permitted to pursue their own course, to the best open, free market at every bank.
This is not a matter that concerns Wall Street alone.
interests of all.
The farmer, on the other hand, firmly
believes that State protection is needed to guard him It concerns every merchant, tradesman and manufac¬
against what he calls the avarice and greed of the lender. turer. To be sure, stringency is an exceptional and
It is useless to argue with him.
In his own mind he temporary, not a permanent, condition of the market.
money-user
position, and thus But as business progresses and the energies of the coun¬
the difference between him and the city tradesman is try expand, periods of pressure recur with greater fre¬
irreconcilable.
quency, and the law becomes more and more oppressive.
It is here that Governor Cornell comes in with a propo¬ Let, then, the idea be vigorously taken up by the people,
sition that has the merit of being a thoroughly practical for, if it is, a measure embodying the Governor’s suggessuggestion, for its enactment will not affect the farmer tion can, we have no doubt, be passed at the present ses¬
while it will relieve the city.
He proposes that a dis¬ sion of the Legislature. At any rate, business men
tinction be made between time loans and demand should force the subject upon the attention of their rep.
feels convinced of the correctness of his
A
THE CHRONICLE.
41
•■fc
—
—
resentatives.
[Vol. XXXIV.
that the New York mem¬
It is not likely
additions to the list of disasters for
A fact in
1881.
a
measure explaining this condition is found in the circum¬
the city’s best interests, and
stance that in 1880 those sections were not only reported
that a measure of this kind
would meet with opposition from the other sections of small, as all sections were, but were given also at a greater
decline comparatively from previous years than other
the State.
By all means let the matter be pushed,
sections.
Thus, in 1876 the failures in the Middle States
and .practical effect be given to the Governor’s recom¬
were 2,909 and in the Western States 3,122 ; but in 1880
mendation.
bers would prove recreant to
there is no reason to suppose
0271683587811 81
the Middle States
FOR 1881.
With the decided increase in mercantile transactions
which 1881 has witnessed, there would very naturally be
Such an
an increase in the number of failures recorded.
increase, we say, would be natural, since renewed activity
and a revived spirit of enterprise enlarges the number of
merchants, so that even the same percentage of disasters
continued would give an addition to the total. But besides
that, all industries have been for three years, and are now
more than ever, in process of expansion, and
we cannot
long expect to keep the losses at a figure fixed during a
period of stagnation, while these greater risks are being
The aggregate, therefore, although showing some
taken.
increase over last year’s very small total, indicates a
healthful condition of trade. The results as given by
Messrs. R. G. Dun & Co. for a series of years are as
follows.
Their figures for five years in detail we add at
MERCANTILE FAILURES
.
the close of this
Year.
article.
Fail¬
Amount of
ures.
Liabilities.
Year.
4,932 $291,750,000
95,749,000
64,391,000
1859........... 3,913
79,807,000
1860
1861
6,993 207.210,000
23,049,000
1862
1,652
495
7,899,900
520
8,579,000
4.225
-
530
1,505
2.780
2,608
2,799
17,625,000
53,783,000
96,666,000
63,694,000
1881
Amount of
Liabilities.
Fail¬
ures.
3,546
2,915
4,069
5,183
$88,242,000
85,252,000
5.830
155,239,000
7,740
201,000,000
9,092
8,872
10,478
6,658
4,735
191,117,000
190,669,936
234,383,132
98,149,053
65,752,000
5,582
81,155,932
121,056,000
228,499,900
recorded 1,472 failures and the West¬
only 1,171.
The foregoing statement also
ern
furnishes an interesting
the number in business.
further explanation of the
exhibit of the ratio of failures to
And in that feature we
have
a
comparative position the West holds in Messrs. Dun
& Co.’s report; for even with the greater addition
the present year to the number of disasters in the
Western States, the percentage of
failures to the
number in business in the same States is still the
smallest of any section, being only about *516 of 1 per
cent, whereas the Middle States, which is the section next
in order, is *568 of 1 per cent.
With regard to the
South, the situation as reflected by these figures is not
quite so satisfactorily accounted for ; but the whole result
of the exhibit for every section is very gratifying.
For
instance, in 1878 the percentage of failures to the number
■.
in business in the
cent, whereas in
whole country was a trifle over 1-J per
1881 the percentage was
only *71 of 1
per cent.
Another feature this
report discloses is that where the
increase in failures has taken place, the results show a
much smaller increase in the number of. the disasters in
city than in the country, but a very much larger
liabilities in the city. In other words,
the conclusion would seem 'to be that [the increase in
liabilities has not been a result of the increased number of
failures.
Of course it is impossible to show this through
the
increase in average
portions of the table, as so few cities are reported
We can, however, illustrate it by a reference
This statement shows that although the actual total was separately.
847 larger in 1881 than last year, it is still 1,076 smaller again to the section given under the head of Western
than in the favorable year of 1879.
No comparison can States, where, as we have seen, a considerable portion of
be made with the years previous to the panic, as the con¬ the additional disasters occurred
ditions are entirely dissimilar.
Looking at the detail of
Failures in 1880.
Failures in 1881.
this year’s figures, it will be noticed that the Middle States
Liabilities
Number.
Liabilities.
are less in number and in amount
of liabilities than in
Number.
1869
75,054,054
all
.
*
previous year, and that the increase in 1881 was
mainly iu the Southern and Western States. For the
purpose of indicating this fact, and also the percentage
of failures to the number in business, we have prepared
the following table.
any
East’rn. Middle. South’n Wcst’rn
1881.
Number in business.
Number of failures..
Percent’ge of failures
to No. in business.
1880.
Number in business.
Number of fa'lures..
Percent’ge of failures
to No. in business.
Pacific,
&c.
Total.
Actual
0-884
0-568
1-213
0-516
85,774 237,062 109,821 275,672
835
1,171
723
1,472
0-843
0-621
0-760
0-425
43,036 781,689
495
5,582
1-150
Aver'ge.
Actual
Pro¬
%
$
f
1,292,067
152
80-0
Cincinnati...
48
20-4
1,507,806
0,910
31,413
38
Total
235
1000
2,799,873
11,914
Illinois
108
745
585,718
Chicago
37
255
1,980,700
5,414
53,533
145
100‘0
2,566,418
17,700
Missouri
163
748
St. Louie
55
252
1,062,720
1,878,331
Total....
218
1000
Three States
458
534
4,735
Three Cities..
140
1-387
0-634
Total....
598
Actual.
Av'ge.
port'n.
796
0-714
38,494 746,823
Actual.
187
Ohio
Total....
87,325 241,373 118,606 291,349
1,504
772
1,439
1,372
Pro-
port'n.
$
8,720
200
1,326,318
514,241
13,533
190
100 0
1,840,559
9,687
91
679
43
32* 1
4*3,802
780,154
5,317
18.148
134
1000
1,263,956
9,432
0,520
34,151
85
01-2
54
38-8
429,972
1,180,216
21,907
2,941,051
13,491
139
1000
1,016,188
11,027
766
2,940,505
708
5.866,837
0,420
88,334
328
234
135
292
2,210,092
2,480,011
0,829
18,375
1000
8,307,342
13,875
463
1000
4,720,703
10,196
5,068
reported separately, it is impos¬
sible to see how far the same relation prevails in that
Percent’ge of failures
0-948
2-222
0-627
1-070
0-993
1-178
to No. in business.
section; but the above aggregates show us that the num¬
1878.
240,933 28,361 674,741 ber of the failures in the three cities named increased only
Number in business. 79,765 229,385 96,297
694 10,478
3,436
1,415
3,199
1,734
Number of failures..
five during the year, whereas in the three States the num
Percent’ge of failures
1-553
2-447
1-426
1-470
1-395
2174
to No. m business.
ber increased 130; but in liabilities the total in the three
1877.
cities reported was $5,366,837 in 1881, against $2,480,611
231,557 26,235 052,006
Number in business. 77,724 224,707 91,783
636
8,872
2,756
1,078
3,049
1,353
in 1880, and in the States $2,940,505 in 1881, against
Number of failures..
Percent’ge of failures
1-361
2-424
1-190
1-174
1-357
1-741
to No. m business.
$2,240,092 in 1880, or an increase in the average for the
cities of almost $20,000 and a decrease in the average for
It is at first sight a little remarkable that the agricul¬
the States of about $400.
It would add further to the
tural sections, which have been making such large crops
value of these reports of the Mercantile Agency if they
and profits of late years, should be foremost in the
1879.
Number in business.
Number of failures..
82,337 230,537 100,574 256,583
1,608
970
1,076
2,290
32,126 702,157
714
6,658
With
no
Southern cities
January 14,
THE CHRONICLE.
1812.]
would in the future
give
us more
of the cities separately.
which production i3 short, there is
It would not, perhaps, be safe to draw any general con¬
clusion from the few facta we have, and yet the far larger
liabilities in the
40
no
speculation, but
very conservative feeling prevails.
This is
that failures will not increase
somewhat;
no
guaranty
for with the
to the number of new enterprises brought
forward, and new merchants entering the lists, additional
cities—notwithstanding the number of large addition
failures
a
there, are so slightly increased—is in keeping with
expansion which has taken place in each individual numbers of those who have started in the race
are
likely
trader’s business.
This expansion is of course
to
mainly in
drop out. There is only a certain portion of those
the cities, the country stores keeping along
much in their engaged in any department of trade who
succeed, for it
old channels, only with larger sales.
requires something besides bluster and display to make a
Chief interest, however, centres upon the future
pros¬ merchant.
pects. On that point we have nothing new to say, for we
To show how the failures have distributed
themselves
have so often remarked upon the excellent condition
in reference to the different
quarters of the year, we give
financially of our mercantile interests that we can only the following.
repeat what we have stated on previous occasions. Prob¬
3881.
1880.
1879.
1878.
Failures.
ably at no period of the country’s history has a year
No. Liabilit’s No. Liabilit’s No. Liabilit’s
No. Liabilities
opened with our internal commerce in a situation at once
$
*
$
t
so healthy and
quarter... 1,701 24,43 0,250 1,432 12,777,074 2,534 43,112,665
promising. Production and consumption First
Second quarter. l,!05 10.499.805 1,005 20.111,089 .,531 22,660,725 3,355 82/78R?«
2,470 48,753,040
Third
1,024 10.132.805 970 12,121,422 1, 62 15,2 5,55o
are both large and
2,853
increasing, while stocks of goods are Fourthquarter..
quarter. 1,692 30,090,922 1,259 20,741,815 1,338 17,094,113 1,800 60,378,363
37,172.003
very small ; and yet, outside of a few staple products in
Total
5,582 81,155,932 4,735 05,752,000 6,058|O8,14«,O53
10,478 231,383,132
the
FAILURES
IN
1881,
1881.
1878,
1879,
1880.
Numb’r
in
1880,
1877 AND
1879.
1876.
1878.
1877.
1876.
States and Territories.
Busi¬
No.
ness.
Fail¬
ures.
Eastern.
76
51
22
319
97
77
130
7,655 New Hampshire
6,664 Vermont
(
Massachusetts
1
Boston City
5,258 Rhode Island
[14,475 Connecticut
87,325
Tnt.0,1 Eastern
1
N. Y. City
New Jersey
and Brooklyn
Pennsylvania
Philadelphia City
332,404
155,000
32
3,835,795
$
687,230
151,684
1,385,554
836,788
223
106
79
178
772
11,071,156
723
6,460,117
429
388
77
250
134
7
75
12
4,851,074
14,674,314
4,536,346
1,859,522
4,341,787
73,200
2,484,991
109,304
461
415
89
291
131
5,617,766
19,459,744
984,556
2,943,502
3,856,450
1,612,011
ures
No.
Fail¬
Amount of
Liabilities.
ures.
158
970
15,577,282
1,734
35,294,026> 1,353
26,058,007 1.314
785 8,389,378
519 13,303,969
969
863
143
522
189
14
85
33
168
15,791,084 1,012
42,501,731
865
177
4,741,993
18,714,270 632
10,373,700 175
15,994.846
32,490,971
3,313,b58
15,540,795
4,946,443
335
170
95
1,951,400
958,707
1,073,817
No.
Vu-il-
604
325
130
281
62
63
251,725
Amount of
Liabilities.
$
796,600
417,748
359,736
4,820,592
3,613,200
3,094,562
2,474,844
87
-
$
1,406,200)
14S
854,739)
2,037,400
138
1,843,350)
7C
96
762,7 8
12,707,645>
480
11,279,5231
2,521,981
130
114
314
6.659,054
6,469,300
3,599.607
5,821,649
48
73
462
258
138
197
4,680,588*
Amount of
Liabilities.
$
170
111
113
1,372 32,924,538 1,472 33,953,292 2,290 35,534,191
3,199
of Columbia
Total Middle
1,201,086
8,242,649
3,086,116
186,137
207,982
Maryland
241,373
73
32
ures.
770
257
23
119
30
Delaware
3,013 District
442,703
No.
Fail¬
738.269
1,916.450
559,255
1,410.930
12.994,8 9
10.510.000
6,079,056
4,186,548
37,657,068
Middle.
New York
78,260
38,181
21,633
64,256
19,106
3,522
13,402
ures
$
12,457 Maine
Af\ Q~t ft
No.
No.
Amount ol
Amount ol
Amount oi
Fail¬
Fail¬
Liabilities.
Liabilities
Liabilities
ures.
18
53
14
3,842,222
1
27,400
820,163
157,939
916,874
15
129
44
3,603,6 4
1,090,100
998 19,311.933
887 33.244,018
159
2.273,141
545 10,731,880
13 Si
4,281,495
19
209,600
145
2,104,637
18
87,977
95,293,466 3,049
77,173,750
r2,244,681
281.500
2,568,986
320,202
193.000
Southern.
11,605 Virginia
6,454 West Virginia
98
41
7.868 North Carolina
5,419 South Carolina
83
90
132
16
104
153
106
234
102
93
187
96,105
48
84
27
411 658
393.230
100
848,666
124,000
1,000,290
2,497,740
126
40
89
59
119
22
51
99
127
77
12
47
55
54
155
26
104
105
340,072
1,030,000
1,051,219
138
152
4,752,557
1,223,892
425,427
1,546,577
1,569,671
41
220
194
1,439 16,469,412
835
8,813,442 1,076 15,876,703
1,415
14,523 Texas
6,096 Arkansas
19,311 Kentucky
r
Total Southern
684^558
'
708,180
2,379,548
223,352
2,041,340
1,942,129
1,604,577
2,713,920
952,532
1,083,413
1,393,353
7.050 Alabama
6,352 Mississippi
8,988 Louisiana
118,606
501 874
85
14
53
73
86
19
24
76
90
159
48
10,478 Georgia
2,576 Florida
11,886 Tennessee
670,583
188,233
1,018,763
104,500
750,694
700.549
706,262
1,493,210
574,323
120,077
202,109
991,374
228
1,195,615
*159
1,312,705
172
3,351,289
1,067,200
1,788,522
3,738,194)
70
66
103
439,569
1,168,501
1,181,631
126
1,073,660
4,830,462
2,733.725
407,653
11
43
86
61
138
23
994.918
1,500.114
3,110,145
5,905,756
227
2,205,873
91
1,890.696
270,775
6,994,42*
1,201,110
26,322,961 1,078
17,271,920
10,799,300
7,570,31 1
5,2?3.549
7,672,931
12,926,800
6,627,709
2,317,382
3,428.100
1,052.403
1,036,416
5.866,818
3,710,584
5,71 *,700
8.117,091
10.065,300
8.032,9 2
2,128,7*0
369,011
133,288!\
874,062
89
147
149.000
14]
690,000
1,079,986
51
81
80
167
35
241
158
89:-*,619
121.000
771,821
738.258
1,433,143
1,900.515
268.257
6.659,247
2,229,553
23,083,260
Western.
y
K K nnr\
do, /yu
( Ohio
\
187
3,436
Chicago City
31,102 Michigan
22,919 Wisconsin
26,419 Iowa...,
12,505 Minnesota
< Missouri
\
St. Louis City
13,894 Kansas
7,084 Nebraska
291,349
Total Western
260
1,504 15,594,732 1,171 11,519,419 1,608 21,207,519
$
Qr;
152
38
89
91
43
153
74
92
82
85
54
112
106
392,043
221,800
48
78
108
37
209
77
75
73
163
55
262
132
30,632 Indiana
QQti ^ Illinois
vdjOoO
ddjUUi/
1,292,067
1,507,806
683,289
585,718
1,980,700
1,750,932
1,469,616
515
216
374
470
362
369
163
400
149
101
167
44
106
Cincinnati City
926.601
391,827
1,062,720
1,878,331
1,704,810
360,415
74
122
194
83
179
145
152
128
3,230,176
1,177,699
1,509,791
3,396,480
2,237,300
2,063,894
1,886,345
1,121,900
1,241,697
429,972
83
284,394
1,186,216
56
66
66
2,444,000
1,326,318
514^241
842,847
483,802
780.154
2,285,266
560,207
495,555
1,807,969
446,953
359,919
4,171,300
647,902
825,400
373
126
352
454
206
310
154
350
114
81
141
50
45
64,309,503 2,756
371
96
302|
434
199
576
209
2,604,100
1,291,852
717,232
7.239.H50
355,635
338,300
491
132
84
83
48
5,414,893
3,191,349
4,787,401
6,079,710
9,164,200
9.736,852
4,307,314
3,909.080
37
1,565,684
1,272,737
2,618.557
435.900
93,600
C
56,187,074 3,122
52,577,277
•
Pacific and Territories.
239 Indian Territory
3,702 Oregon
lO 0/(K
•W,04:0
7,657
1,514
1,890
1,103
< California
'.
1
San Franoisoo City....
Colorado
Nevada
Utah
New Mexico
517 Wyoming
817 Idaho
33
169
106
97
24
296,214
1,437,000
1,353,000
687,479
267,000
10
18^00
4
2
4
12
4
12
...
.
2,844 Dakota
908 Montana
1,647 Washington
833 Arizona
20 Alaska
43,036
781,689
Total Pacific and Ter’s
Grand totals
59,116 Dominion of Canada
18
*
•
-
51,500
4[000
63 000
121,108
68 000
99,593
630,000
111
78
41
9
5
4
3
4
5
13
6
674,342
1,123,700
1,795,700
540,500
541,900
64,000
35,800
9,000
49,000
19,000
55
251
221
47
34
10
18
12
438,045
2,650,736
5,317,118
335,661
425,100
383,854
26,639
25,400
13
310
222
58
37
17
10
11
173,500
6,899,539
4,700,591
541,542
419,797
121,050
63,900
62,050
*29
266.1*70
288
163
58
56
3,252,852
8,483,424
11
4
4
4
8
44,300
16,300
68,000
90,000
7
83,000
27,500
11
3
80^588
58
3
6
16,900
81,307
*7
4
171,305
21,500
714
9,953,358
694
13,163,176
44,700
■
880.103
659.736
7,200
46,000
34
169
79
45
25
1
i'ol
3
422,416
1,670,973
2,202,698
505,582
206.167
6,000
140,900
30,500
31,300
101
4
207,800
54,000
3
6
1
203,864
636
13,949.185
386
5,555,500
83,400
75,000
8,000
....
•
495
71
184
5,096,094
534
5,005,730
5,582 81,155,932 4,735 65,752,000 6,658 98,149,053 10,478 234,383,132 8,872
£
190,669,936 9,092.191,117,786
635
5,751,207
907
7,988,077| 1,902
i
29,347,937
1,697
23,908,677 11,892) 25,5°3 903!1.7 '8
25,517,991
THE CHRONICLE.
46
RAILROAD EARNINGS IN DECEMBER, AND
FROM JANUARY 1 TO DECEMBER 31.
In railroad
earnings, December is entitled to rank with
in the favorable results that have
the other months of 1881
rroL. xxxiv.
Chicago with the Southwest, which have not of
improve upon the business of 1880 and
in some cases fell below, like the Chicago & Alton, make
this month very favorable exhibits.
The Wabash, which
may be considered as of this class, has, notwithstanding
its very much larger mileage and the light traffic that a
good deal of the additional mileage affords, earnings per
mile larger on the average than in December, 1880.
The
Hannibal & St. Joseph, however, which forms part of a
line to Chicago, has to report a decrease, as in all previous
connect
late been able to
distinguished the entire year. Fifty-five roads report¬
ing have increased their receipts from $17,568,783 to
$21,596,590, or $4,027,807, equivalent to almost 23 per
In the same period mileage has risen from 36,780
cent.
miles to 41,794, an increase of only about 13£ per cent.
As a consequence, the earnings per mile are $517 in
months in 1881, except one.
December, 1S81, against $478 in December, 1880. None
What makes the gain on Western and Northwestern
of the great trunk lines, which have continued the war of
roads especially noteworthy is that the movement of grain
rates with even greater fierceness than in preceding
was very largely diminished as
compared with the cor¬
months, are embraced in these figures. It should be
said, however, that Mr. Garrett, at a meeting of the board responding period of the previous year, making it certain
that the gain was derived chiefly from an enlarged volume
of directors of the Baltimore & Ohio, stated that notwith¬
of general and miscellaneous business.
To show the
standing this conflict that road was enabled to increase
its gross receipts in December by $177,409, of which grain movement in the two years we have prepared the
:$78,008 came from passenger traffic.
Earnings and following statement of the receipts of flour and grain at
the principal lake and river ports of the West for., the
mileage of each road are shown in the subjoined table.
four weeks ended December 31, 1881 and 1880.
It will
GROSS EARNINGS AND MILEAGE IN DECEMBER.
be seen that there was a falling off of almost one-half in
Gross Earnings.
Mileage.
the receipts of wheat, and also a heavy falling off in
Name of road.
Increase
1880.
1881.
corn and flour, but
1680.
1881.
that the receipts of other kinds of
Decrease.
grain were slightly larger. Chicago appears to have suf¬
$
-
or
fill,912
Alabama Gt. South...
Burl. Ced. Kap. & No.
Cairo 6c St. Louis
Central Pacific
232,812
41,396
2,110,00o
635.307
Chicago <fc Alton
Chic. & Eastern Ill....
151,671
139,723
1,855,006
1,835,200
Chic. 6c Gr. Trunkt...
Chic. Mil w.«fc St. Paul.
Chicago 6c Northwest.
Chic. St. P.Minn. &0.
Cincinnati Southern..
Cin. Inch St. L. & Ch..
391,950
230,471
192.623
Cieve.Mt.Vem.&Del..
Col. Hock. Vai. 6c Tul.
Denv. 6c Rio Grande..
Des Moines & Ft. D.*.
Detroit Lans’g 6c No..
East Tenn.Va. <fe Ga..
Flint 6c Pere Marq....
Great West’n of Can.t.
Gulf Col. & Santa Fe.
Louisville 6c Nasliv...
Memphis 6c Chariton.
Memphis Pad. 6c No.*
Milw. L. 8h. 6c West..
Minneap. 6c bt. Louis *
Mo. Kan. &
Tcxas$...
Missouri Pacific
Mobile <fe Ohio
N. Y. 6c New Kngl’nd.
Norfolk 6c Western...
Northern Pacific
Ohio Central
Pad. 6c Eliswibetht’n*
Peo’ia Dec.«&E vans v..
St.L. A.&T.H. in-line
Do do (blanches).
St.L. Iron Mt. 6c 80...
St. Louis & San Frau..
St. Paul Minn. 6c Man.
Scioto Valley
Texas & Pacific
ToL Delphos A; Burl..
Union Pacilic
Wab. St. Louis 6c Pac
.
Total
+ 22,690
+ 24,451
840
230
335
840
220
335
1,397,308
1,477,902
+ 457,692
+ 357,298
4,101
3,018
3,775
312,173
152,475
+79,777
+77,996
-5,631
+ 2,427
+58,254
+294,221
+ 1,7 67
+ 24,019
985
336
300
144
325
87
222
900
318
823
320
292
103
919
402
392
152
210
305
385
328
946
336
300
144
325
551
87
222
900
318
823
180
292
72
919
402
392
152
19!
305
3o5
328
2,060
1,840
1881
330
113
275
360
330
113
250
225
1880
1.778
1,405
1,000
128,981
115,272
198.254
35,547
26,489
24,722
96,192
302,525
151,112
21,841
539,190
169.9G4
Long Island
2,586
+ 3.989
+ 204.779
+ 60,612
202,969
349.196
180.376
Iowa Central
Kan. City Ft.S.A Gulf
Lake Erie 6c Western.
2,771
37,407
1,905.221
574,695
37,974
302,957
168,821
402,547
140,068
Indianap. Dec. 6c 8p..
290
564
146
+2o,63 /
+39,393
61,275
261,223
643,417
120.241
Hannibal & St. Jos...
Houston E. 6c W. Tex.
Illinois Central (Ill.)..
Do
(Iowa liues)..
Ind. Bloom. 6c West.j.
290
589
146
193.419
428.098
82,063
207,281
10,527
522,565
150,616
156,697
37,996
99,278
152,796
162,764
37.893
81.402
127,340
107.904
102,503
134,780
1,122,285
137,400
949,185
17,616
61,845
81,540
790,950
688,541
262,025
237,729
196,789
43 1,331
90,020
35.361
58.705
SG.0U9
+ 432
+ 17,709
-25,551
+58,005
—26,905
+ 11,314
+ 16.625
+ 19,348
-6,067
+ 105
+ 17.8/6
+ 25,456
101,950
+5,401
+30.406
+ 173,100
-20,193
+ 506
+ 21,699
+ 33.327
+ 171,565
+ 228,865
-25,347
+ 39.622
+15,043
+213,338
+ 64,252
+ 8,528
+ 21,546
15,941
104.374
157,593
17,110
40,146
47,713
619,385
459,676
287,372
198,107
181,746
220,993
25,768
26,833
37,159
—
67,843
82,552
-14,709
709,498
287.914
656,951
222,855
+ 52,547
528,263
43,741
381,218
74,059
2,267,004
1,328,278
297,641
+ 230,622
+ 18,939
24.802
301,858
44.874
1,869,835
962,608
+65.059
+79,360
+ 29,185
+ 397,169
+ 365,670
1,062
1,158
395
3,663
3,350
3,126
2,479
394
428
972
231
186
248
195
121
718
643
855
127
1,055
21,596,590 17.568,783 +4,027,807 41.794 36.780
Three tk eeks only of Dec. in each year.
t For the four weeks ended December 31.
*
4 Including International 6c Gt.
♦ Including Ohio Di v.
Northern.
Conspicuous among the roads that have heavily
receipts, are the lines in the Northwest.
The Chicago Milwaukee & St. Paul, for instance, has, in
amount, a larger gain than any other road in the list.
It is to be remembered, too, that this road no longer has
swelled their
Louis least.
RECEIPTS OF FLOUR AND GRAIN FOR
FOUR WEEKS ENDED DEC.
Flour,
Wheat,
Corn,
Oats,
Bccrley,
bbls.
bush.
bush.
bush.
bush.
31.
Rye,
bush.
2,764
506
316
428
722
23 1
186
190
195
121
686
597
656
100
700
285
506
diminished crops, and St.
fered most this month from the
Chicago—
136.184
1881
1880
337,490
Milw'kee—
1881
245,096
1880
282,569
St. Louis—
1881
125,369
1880
109,06b
Toledo —
1881
4,121
1880
4,470
Detroit—
188L
32,543
....
....
....
....
....
....
....
....
....
1880
Clevcl’d—
1881
....
....
1880
Peoria—
1581
1880
Duluth—
....
....
....
53,659
640,691
2.290,566 1,534,966
683,252
2,097,554
3,564,931 1,354,713
706,284
74,341
96,783
1,165,352
1,397,740
7i ,900
236,890
477,055
100,000
153,300
436,042
83,475
63,010
494,870
399,113
1,190,500
1,465,490
433,509
212,595
428,809
369,759
23,728
27.619
221,474
260,028
49,952
37,000
3,593
625,310
457,324
43,469
75,430
60,360
62,181
26,822
83,317
1,124
42,036
541
168,669
651,406
.
1,644
12,219
11,499
26,900
87.400
153,500
77,600
63,200
47,008
21,000
975
55,000
6,000
31,020
35.750
1,085,775
1,072,300
426,200
481,700
72,000
66,930
63,6 X)
48,100
39,125
....
-
Total of all
1881
561,532
1880
829,775
....
....
2,753,706
5,265,250
5,OS 1,599 2,821,296 1,828,499 250,836
6,873,905 2,335,799 1,642,051 237,697
fifty-five roads in our list, there are but eight
that have a decrease, and in pretty nearly every case the
decrease can be assigned almost entirely either to the
Out of the
railroad
the
our
war
or
the diminished movement of cotton to
leading Southern ports. As we have already remarked,
table does not embrace any of the great trunk lines,
but it does embrace
several minor lines that are
affected
by the contest between the trunk roads. The Cincinnati
Indianapolis St. Louis & Chicago, the Indiana Bloomington
k Western, and the St. Louis Alton & Terre Haute, prob¬
ably all suffered more or less in this way. The Great
Western of Canada, which is more directly concerned,
diminished its receipts $25,551.
The Chicago & Grand
Trunk, the Chicago line of the Grand Trunk of Canada,
increased its earnings over 20 per cent, but this it was
enabled to do by reason of a very considerable expansion
If we compare its freight earn¬
any such increase in mileage as characterized the early ings, instead of the total earnings, the four weeks exhibit
months of the year. The increase in mileage is less than a decrease of $2,774, instead of, as now, an increase of
9 per cent, in earnings almost 33 per cent.
The North¬ $24,451.
The decrease on the Memphis & Charleston and the
west also reports a large gain in earnings.
So do the
Minneapolis & Manitoba, the St. Paul & Omaha, and in a Mobile & Ohio, among Southern roads, is explained in
^minor degree J0 the roads in that district.
Another great part by the smaller cotton movement, though on
eature of the^December returns is, that the roads that the first-mentioned—on which alone we have the different
in the passenger
traffic.
THE CHRONICLE.
January 14,1882. J
47
classes of traffic separately—there was
thus to the
business.
pares for the two years we give the following table of
receipts at the different Southern ports during the month.
We would preface the table with the remark that though
said that there
also a loss from pas¬
To show how the cotton movement com¬
senger
the total arrived at is
correct
a
indication of the
move¬
these ports,
the falling off, as compared with
December, 1880, which it exhibits, is not to be taken as
the loss on the entire crop movement, for, as we showed
last week in our monthly cotton article, the shipments by
ment at
rail overland
to a
heavier in 1881 than in 1880, thus
were much
great extent reducing the difference between the two
in the total
years
crop.
RECEIPTS OF COTTON AT SOUTHERN PORTS IN DEC.. 18S1 AND 1880.
bales.
Galveston.
Indianola, &c
New Orleans
Mobile
Florida
Savannah
Brunswick, &c
1881.
1880.
Difference.
86,033
2,675
299,770
112,445
60,797
8,198
141,179
1,296
84,816
Dec.. ..20,412
283
Dec..
Inc.. ..18,373
Dec.. ..21,019
Dec..
513
Dec..
7,172
Inc..
918
Charleston
Port
88,403
1,950
Royal, &c
29,893
Wilmington
Morehead City, &c
4,449
116,258
26,657
Norfolk
City Point, &rc
Total
With
867,477
December
have the
2,958
281,406
8,711
148,351
288
107,258
7,590
19,470
14,104
130,631
..
..
..
..
Dec... ..18,855
Dec..
5,640
..
41,701
Inc.. ..10,423
Dec..
9.055
Dec.. ..14,373
Dec..
13,041
959,729
Dec.. ..92,252
..
.
the
events of
perhaps it should also beenlarged demand for coal, that the
production in response to this demand was greatly
increased, that with all the coal roads this was a great
feature of the year’s operations, and that in this way some
of the trunk lines were enabled to partially offset the loss
resulting from the war. From the figures given further
above it will be seen that the year closed as it
opened^
namely with a smaller movement of both grain and cotton
than in the previous year, though the diminution at the
end is the result of widely different causes from that at
the beginning.
There are only eight roads in the table that have smaller
earnings than in 1880, and the decrease in the case of
five of these is attributable in great measure to the rail¬
road conflict.
Of the roads that have enlarged their
receipts, first rank must be given the Union Pacific and
the Central Pacific.
The former gained over four millions
and the latter almost 3^ millions.
What more forcible
illustration could be offered of the development and
activity that characterize the sections which these roads
traverse than an increase of
7^ millions .in one year
in
their business ?
Scarcely second to the Pacific
roads
are
the
year
was an
roads in
the
Northwest.
The increase
complete, and the on these is very large.
On the St. Paul it is
figures for the twelve months will be scanned with more not very much less than 4 millions, on the Northwest
than ordinary interest.
The annual table contains forty- almost 2^ millions, on the St. Paul Minneapolis & Mani¬
six roads and includes the Canada Southern, the Lake toba $1,700,000, on the St. Paul & Omaha
$850,000,
Shore and the Michigan Central.
and
so
on.
The
Northern
Pacific
added
The aggregate earn¬
over $1,400,000
to
its
ings are shown to have been $213,845,973 in 1880
earnings of 1880, and the Oregon Railway & Nav¬
and $246,492,082 in 1881, an increase of $32,646,igation more than a million. The Southwestern roads
109, or more than 15 per cent.
When it is re¬ make almost equally flattering exhibits with those of the
membered how large was the increase in 1880 over Northwest, and Southern roads do not
lag very far
1879, this further increase in 1881 will certainly be con¬ behind. As types, take the Gould Southwestern system,
sidered satisfactory. It is scarcely worth while to review with over 5£ millions increase, and the Louisville & Nash¬
at length the various'influences of the year, favorable and ville with $1,800,000 increase.
In fact, all road3 did bet¬
unfavorable, but a brief reference to them may be useful. ter than in the previous year, except where special forces
In the first half of the year the traffic on the railroads were at work to diminish
receipts. For further details
was swollen by the
large volume of agricultural products we refer to the following table.
GROSS EARNINGS FROM JANUARY 1 TO DECEMBER 31.
going to market from the crops of 1880, which turned out
so
promisingly in all sections of the country. In the last
1881.
1830.
Increase.
Decrease.
half of the year this class of traffic on the railroads was
$
$
$
Alabama Gt. South’n
143.137
787,518
644,331
greatly diminished because of the reduced outturn of the Burl. Cedar Rap. & No... 2,259,037 2,053.484 205.553
Cairo & St. Louis
423,793
11.172
412,621
crops of 1881, which were as poor in this year as they Canada
Southern
3,372,305
3,705,679
333,374
Pacific
were
23.947,951 20,503,112 3,439,839
good in the previous. The volume of general Central
Chicago & Alton
7.553,988
7,718.198
161,210
Milw. & St. Paul 17,026,000 13,086,112 3,939.888
freight was heavy and kept on expanding all the year Chicago
Chicago 4& Northwest
21,828,931 19,416,009 2,412,922
Chic.St.P.Minu.&Omaha.
3,981,296
3,122,097
859,199
through. Passenger traffic was very favorable indeed, Ciu.
Ind. 8t. L. & Chic...
2,296,916
2,412.185
115,269
and on many roads the earnings therefrom were
& Del..
Clev.
Mt.
Vernon
429.598
424,276
5,322
larger
than
ever
before.
we
In
the
year
winter months
the roads all
the country
suffered from the severe weather, in the
Northwest especially, where some roads were completely
snowed in for days at a time, and many of the larger com¬
panies had to devote all their energies to keeping their
main lines open, looking only to the branches and feeders
when relieved of the work elsewhere.
With the melting
of the snow and ice in spring, there came
heavy floods in
various sections, which seriously interfered with the oper¬
ations of many roads.
But probably these influences did
not exert as much effect upon gross
earnings, because the
traffic delayed came forward later on, as they did
upon
net earnings, where the loss sustained was
very heavy by
reason of the unusual and
extraordinary expenses incurred.
Last, and more important than all, there was the war of
rates on both passenger and freight business, still in
progress, which, though nominally confined to the great
east-and-’tfest lines to the seaboard, affected indirectly all
over
the roads with which
others that
by virtue of
have connections and many
their position had to meet the
2,230.966
165,728
..
Memphis & Charleston...
Memphis Paducah &No.‘
Michigan Central
Milw. L. Shore & West’ll.
Mo. Kansas & Texast
Missouri Pacific
Mobile A Ohio
Norfolk & Western
Northern Pacific
—
Oregon Railway
Nav..
Paducah «& Elizabetht’n*
Peoria Deo.& Evansville.
St.L.A.&T. H.main line.
Do
do (branches)..
St. L. Iron Mt. <fe South’ll.
St. Louis <fc S. Francisco
St. Paul Minn. & Man—
Scioto Valley
Texas & Pacihc
.
Union Pacific
Wabash St. L. & Pac.....
Wisconsin Central
Total
Net increase
*
by the trunk roads. In referring
6,206,813
392,733
1,858,255
5,232,553
1.547,259
.
these
reduced rates established
Denver & Rio Grande....
Dos Moines k, Ft. Dodge*
Flint A Pere Marquette..
Great West’n of Canada
Kan. City Ft. S. & Gulf..
Hannibal & St. Joseph
Houst. E.& W. Texas
Ill. Central (Id. line)
Do
(la. leased lines).
Ind. Decatur & Spriugf..
Lake Erie & Western
Lake Shore & Mich. So..
Louisville & Nashville...
.
6,690,059
1,842,017
3,478,00 *
312,751
1,596,948
5,175,546
2.728,806
79,982
261.307
57,007
1,206,724
2,489.037
310,535
99,843
65.885
161,314
66.529
73,816
6,528,745
1,775.488
258,071
........
503,008
429,192
1.373,012
1.184,161
18,749,401
188,851
9,491,346
1,16S,545
212,913
9,085,749
1,835,513
427,751
6,127.217
5,420,579
2,273.622
203.07
1,892,526
1,362.748
132,815
2,064,195
2,629,710
3,338,008
1.414,806
1,053,673
17,970,000
11.326,859
1,235,091
238.712
8,936,000
630,822
8,019,743
6,783,327
2,406,437
2,257,192
4,044,576
4,391,681
529,566
688,073
1,371,034
741,767
7,319,744
3,160,245
4,878,960
439,744
3,921,569
27.451,831
14,461,570
1,343,125
393,382
448,928
1,417,662
729,074
6,265,597
2,693,572
3,160,231
317,065
2,715,548
23,448,445
12,336,152
1,146,353
779,461
66,546
25,799
i
149,749
192,997
136,184
239,145
i 2,693
16,623
1,054,147
466,673
1,718,729
122,679
1,206,021
4,003,386
2,125,418
196.772
246,492,082 213,845,973 34,193,193 1852,0S4
Three weeks only of December in each year,
i Including International & Great Northern.
32,646.109
48
ME CHRONICLE.
But while gross
earnings are thus quite generally satis¬
factory, net earnings are not equally so. The snow and ice
of last winter, the floods of the spring, the ruinous rates of
summer and autumn, and the enhanced cost of
labor, ma¬
terial, and service, the entire year through, have left a deep
impress upon the net receipts of all lines, which the returns
that have already come to hand bear witness to in an
unmistakable manner.
The reports cf the Western Van¬
derbilt lines are fresh in the memory of all.
The trunk
line reports we reviewed at length last week. These latter
were to
September 30. Since then we have had two
months later on the Pennsylvania, showing for October a
decrease of $333,362 in net and for November an increase
of $66,268; we have also the Grand Trunk wflth a decrease
of £19,418 net in October and £8,811 in November; and
the
Great
Western
with
£16,870 decrease in net in
£11,486 in November. It will be observed
that in every case the result is better for November
than for October.
This is significant when taken in
October and
with
connection
the
in
advance
established
rates
and
maintained
through the first half of the later month.
trunk lines we have no figures later
than September 30.
The Central and the Baltimore
k Ohio do
not
furnish monthly reports, but Mr.
Garrett’s statement of the increased gross receipts of
From
the
other
in
latter
the
Erie
December
referred
is
above.
to
The
issue
does
monthly returns, but as neither the
has yet been made
public, the inference drawn is that the results for those
October
months
the
nor
are
November report
not as favorable as could
be wished.
The
Northern
Central, a Pennsylvania line affected by the
"war, lost $170,335 net in Octoler and gained $16,854 in
November.
We have, as usual, the gross and net earn¬
ings of a number of minor roads, but as these have no
special bearing upon other roads, we need only allude to
them as being contained in the following table, which
includes all roads that will furnish monthly statements for
publication.
GROSS AND NET EARNINGS TO
LATEST DATES.
January 1 to Date.
November.
Kami.
Operating !
Grots
Gross
Net
Earning * Expenses. j Earnings Earnings
$
10,153
$
$
Boet. A N. Y. Atr Line.1881
24,807
8.744J
9,375 1
13,015
%
£05,259
201,682
3,020,225
1880
22,990
Burl. Cedar Ran. A N0..I88I
1880
Do
do
202,180
189,330
135.004 !
cfl.sTS
125,021
63,709
1,800,005
..1881
1880
235,585
141,123
94.402
2,503,200
2,456,300
dev. Mt. Vera. A Del.. 1881
1880
Do
do
38.175
35,098
35,057
Do
do
CGhasapeake & Ohio...
Do
do
De* Moines A Ft. D’Ke.1881
1880
Do
do
~
240,71*5
30,980
£
-
Hr. Trank of Canada.. ..1SS1
193,470
183,522 [
a3,446
24,658
13,570
141,231
135,720
00,102
53,733
$
190,726
80,897
86 014
Mem. Pad. A Northern 1881
1880
Do
do
$
22,733
22,917
-Kaah. Chat. A St. Louis 1881
1880
Do
do
182,087
.1881
1880
487,160
313,703
459,054
$02,451
do
Northern Central
Do
do
Penn, (all lines east of
.1881
Fitts. A Erie)
1880
Do
do
Pblla. A Erie
Do
.1881
1880
do
152.059
13.927
14,277
90,542
108,340
3.840.215
2.379.871
3,574,913 2,180.837
281.078
234,571
324.960
189,112
52.195
61,000
Gross
Operating
..1881
1880
.1881
1880
Inm Central
Do
MftFO
do
$41,086
42,684
94,0121
105,735
$29,308
32.514
61,575
01.699
32,281
$
8,856
8,040
55,517
73.741
173,457
150,003'
$11,778
10,170
32,407
00,298
90,836
36,191
54,015
England.. .1881
do
Pad. A Elixabetht'n
Do
do
..
261,199
181.841
79,358
1880
215,491
155,430
.1881
50,659
41,492
37,886
25,857
00,061
19,273
15.0351
1880
December.
KAMI.
Gross
Operating
$
221,090
$
57,405
39,929
•
$373,700
$200,300
157.574
143.889
195,803
1,902,129
1,873.427
4,907,074
4,550,O7d
1.501,203
1,571,213
Gross
Net
Earnings Earnings
$340,210
335,562
$50,600
70,503
13.685
COMPLICATIONS IN EUROPE.
During the past week the news from Europe has been
a
somewhat disquieting nature.
Considerable excite¬
ment is stated to have been occasioned
by the publication
of the rescript or decree of Emperor William.
It is
beyond all question a reactionary document. In it the
Emperor claims to be the fountain of all authority. His
right to direct the government is restricted, not abrogated,
by the constitution. “Itis my will,” he says, “that in
Prussia, and also in the legislative bodies of the empire,
of
no
doubt
will be
allowed to attach to my
constitutional
right, or that of my successor, to personally direct the
policy of the government.” Ministers and all officials are
expected to support the constitutional rights of the crown.
The Emperor says lie does not wish to interfere with the
liberty of elections, but states that all officials must hold
aloof at elections from all agitation against the govern¬
ment.
It is hardly to be wondered at that the London
Daily News should regard the rescript as amounting to a
revolution from above, and should declare that in view of
the probable but as yet concealed designs of Prince Bis¬
marck, it is well fitted to create uneasiness. It certainly
seems to betoken an
approaching dissolution of the German
Parliament. A new general election may result in a more
obedient Parliament ; but it may not. Then will come the
difficulty ; for the Emperor has distinctly stated that he
expects, and that he will demand obedience. In such an
emergency, Europe is asking, does Prince Bismarck medi¬
tate another foreign war ?
At the same time the affairs of Egypt having become
extremely critical, it is announced that England and
France have taken upon themselves the maintenance of
the Khedive’s authority as the only possible guarantee for
the preservation of order and the development and pros
perity of the country. These two Powers state that they
are closely associated in their determination to
prevent by
.
their united efforts all
causes
of external and internal
com¬
plications menacing the regime they have established in
Egypt. It is hoped that this publicly expressed assurance
will have the desired effect in warding off the threatened
dangers. If it should not, then England and France will
unitedly and by force of arms interfere.
Another piece of intelligence is equally suggestive.
For some time past the bonds of friendship between
Turkey on the one hand and Austria and Germany on the
other, have been drawing visibly closer. Quite recently
Turkish commissioners visited Vienna and Berlin ; and it
now appears that the mission has
been attended with the
most satisfactory results.
The relations between Austria
and the Porte, we are told, are greatly improved ; and
Germany has promised to send more functionaries to
Turkey. Both Powers, it appears, have expressed their
determination to maintain the status quo in the East.
In these latter items of
entirely
France
new
and
news we
have revealed to
us an
phase of the Eastern question. In 1854
England fought for Turkey against the
colossus of the north.
In 1878 it
was
the potent voice of
England that saved her from the humiliation and destruc¬
implied in the treaty of San Stefano. Now we have
England and France propping up the vice-regal throne of
tion
Khedive, one of the Sultan’s vassals, and for¬
bidding the Sultan to interfere ; and on the other
the
i
••••••••
442,908
328,991
112,681
81,385
Gross
Net
Earnings Earnings
$173,400 $4,391,081 $2,196,171
Large amount* were • pent for renewal* thte rear.
035,580
January 1 to Date.
Net
Earnings Expenses. Earnings
Oregon Wi A Bar. Oo. .1881
18801
Do
do
£
44,030
1880
Do
134,775
582.459
Net
35.438
M. T. A New
288,039
45.030
Jan. 1 to Date.
101.730
do
'78,148
*20,317
1.400,344 40.392,427 10,211,181
1,394,070 37,713,240 15,508,773
49,507
3,171,537
942,417
135,854
3,445,814 1,255.971
Hmitjton A On. .1881
Do
008,102
20.795
Earnings Expenses. Earnings.
Cairo A St. Louis
Do
do
807.103
1,999,114
1,951,811
October.
Nahi.
$
130,454
144,283
503,408
655,543
380.302
391,051
306.240
£
£
£
1880
Do •*
4.729
0,0 ;o,
10,999
17,404
29,680
Ot. Wert, of Canada.. ..1881
1880
I>o
do
.
57,273
Net
Earnings
POLITICAL
[Vol. XXXIV.
3,338.008
1.782.571
hand
have
Germany and Austria practically taking
the Sultan and his empire under their protection.
The
change is much greater than at first sight appears, Eng¬
land for many generations was all powerful in Constanti¬
nople. Now, for a variety of reasons, but mainly in
consequence of the action she has taken in Egypt, she is
we
-
January J 4,
THE CHRONICLE.
1882.]
comparatively powerles3.
After England
came France;
but France has lost favor at the Porte since the invasion
of Tunis.
The power once wielded by England at the
Porte is now wielded by Germany; and Austria has
49
GOLD AND SILVER—COIN AND BULLION.
1881 .—Exports—Dom.—Gold..
do
Silver..
$96,396
930,460
Foreign— Gold
do
117,418
150,305
Silver..
Total
stepped into the place of France.
We
are
not
disposed to
see
in the arrangement between Austria and
Germany and Turkey, or in the decree of Emperor Wil¬
liam, any immediate wTar purpose. There are, however,
arrangement,
$204,714
$554,912
539,481
3,199,703
69,427
those who do.
The
Constantinople correspondent of the
London Times has told
us
that
as
the result of the mission
7,839,486
2,124,694
$5,948,736
$54,048,167
I
9,3
<
$65,521,586
$47,218,332
$979,676
5,967,706
1,924,209
5.151.761
$14,023,352
$57,125,172
4,494.411
10,363,848
$58,542,578
$
$67,489,020
52.593,842
53.465,663
4,So5
1881.—Exports—Domestic
Foreign
$69,348,844 $329,993,886 $753,376,189
Total
$71,354,033 $337,985,554 $774,778,752
2,005,789
7.991,668
21,402,563
Berlin, it was confidently expected at the Palace that
Germany and Turkey would conclude an offensive and
60,381,957
316,785,065
Excess of exports over imports
$10,972,676
Excess of imports over oxports
678,388,951
$21,200,439
$96,329,801
defensive alliance.
1880.— Exp orts- -Domestic
the
It
matter of
wa3
common
talk that
Imports
from Africa and the Sultan rule from the Nile to
the Atlantic, but France also would be dismembered.
We
certainly cannot believe that any such wild
dreams are indulged in either
by the Sultan or by
Prince Bismarck, and yet one cannot close one’s
eyes to the
drift and tendency of the various Powers at the moment.
It is no longer doubtful that France and
England mean to
control between them the whole of Northern Africa.
They
$82,398,028 $376,238,756 $685,443,145
Foreign
object
of the alliance was a combined attack on
France next spring,
Germany attacking on the Rhine
and Turkey in Northern Africa.
Nor was there any fear
as to the
result. The French would not
only be driven
1,837,OOf
Total
Imports
Excess of exports
Excess of imports
[Prepared by tlie Bureau of Statistics.]
Below is given the fifth monthly statement for the
fiscal
year 1881-82 of the imports and exports of the United States.
The excess of exports of merchandise was as follows:
Month ended November 30, 1881
Month ended November 30, 1880
Five months ended November 30, 1831
Five months ended November 30, 1880
Eleven months ended November 30, 1881
Eleven months ended November 30, 1880
Twelve months ended November 30. 1881
Twelve months endod November 30, 1880
The
of
follows:
excess
was as
$13,399,439
35,89^,226
45,608,717
110,198,223
143,008,683
141,301,717
195,123.212
162,638,759
imports of gold and silver coin and bullion
Month ended November 30,1881
Month ended November 30. 1880
Five mouths ended November 30, 1881
Five mouths ended November 30, 1880
Eleven months ended November 30, 1881
Eleven months ended November 30, 1880
Twelve montliB ended November 30, 1881
Twelve months ended November 30, 1880
The total values of
.
$2,420,763
9,374,805
24.40S.228
52,593,842
47,218,882
53,405,008
02,983,030
over
over
57,710,667
326,473,851
imports $26,524,361
$57,604,381
exports
1881, and for the fire and
eleven months ended Nov. 30, 18S1 and 1880,
respectively, are
:
Customs Distinct#.
MERCHANDISE.
Nov.
1881.—Exports—Domestic
Baltimore. Md
1,738.066
Total
Imports
56,660,615
1880.—Exports—Domestic
Foreign
Total
Imports
....
5,240,066
64,609
67,675
89,775
28,453
23,909
348.783
102,254
32.925
144,247
152,68b
48,165
105,978
45
25,450
124,603
64,695
662,322
1,262,840
124.431
393,629
45,622
783,070
26.775
24.347
52,913
24,934
221,482
140,534
252.321
952,642
35,747,115
7,538,245
26,197,626
417.576
245
22,214
2,963.310
15.324
fi * 1
if
25,744
Si
247,960
18,944
1,369,443
*
44
'379,192
279,945
2,395,733
41.729
166,015
69'203
23,247
15,309
159.551
1,760,161
109,670
3,530,593
622
120,440
54,777
157,459
37,888
205,012
26,575
49, / 89
6,158,414
3,497,162
674.000
152,594
48,218
1,090,299
845,002
214jl90
Totals
103
3,480
7,526
All other customs districts
39,922
20,303
198,257
2,792,177
3,506.914
;...
$1,649
124.061
17,548
22,059
Vermont, Vt
23
6.829
51,647
231
2,125
132;S40
959
$56,660,615 $68,321,988 $1,738,066
pXaurtarijf(C0mmcvcialgugUsh|tciws
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXC1TA N OE AT L ON DON— Dee. 31.
On-
Time.
.
.
mos
ended
5
Nov. 30.
For the 11
mos.
ended
Nov. 30.
6,231,185
17,210,327
235,509,695
612,867,365
Hamburg
3
mos.
12*514
12 21*3
3 mos.
25*60
••
20*70
20*70
20*70
...
Berlin
U
Frankfort...
ii
Copenhagen.
ii
St.Peters’bg.
i •
Paris...
Paris
Vienna i
Madrid
Short.
3 mos.
it
ii
44
l
$81,653,830 $372,484,141 $778,500,763
12,292,445
$83,008,120 $378,129,196 $790,793,208
267,931,273
619,431,491
$110,198,223 $141,361,717
LS*45
a:12*5ra
o> 12*31*
a>25*65
520*75
520*75
520*75
518*50
EXCHANGE ON LONDON.
Latest
Date.
Dec.
Time.
30 iihort.
Dec. 30 Short.
Dec.
Dec.
Dec.
30
44
30
30
ft<
Calcutta
25*27
20*44
....
24i* #2414
Dec. 30 Short.
925*30
Dec. 30 Short.
25*571a 925*02 **
12*05
9 12*071* Dee. 30 Short.
46;,s
25*20
....
....
ft
4658946^
26171*926*25
51 ^ i^ali*
Dec. 30 3
mos.
.
Bombay
12*121-3
20*44
20*44
Ii
.....
Rate.
......
25"24i*
......
118 90
....
II
Lisbon
Alexandria
New York...
5,645,355
Kate.
Short.
Genoa
47.108.S94
4,857j013
5,309
Willamette, Oregon
Wilmington, N. C
Cadiz
1,354,290
18,202
437,335
Sau Francisco, Cal
$13,399,439 $45,608,717 $143,608,633
Excess of exports over imports $35,899,226
Excess of imports over exports
the
$70,060,054 $331,118,412 $756,476,043
Excess of exports over imports
Excess of imports over exports
$3,254,053
492
1
Exports.
65,465
984.091
31,765
385,250
Niagara, N. Y
Norfolk, <fcc.. Va
Oregon, Oregon
Oswegatchie! N. Y
Oswego, N. Y
Passamaquoddy, Me
Pensacola, Fla".
Philadelphia, Pa
Portland, <fce., Me
Puget Sound, W. T
Richmond, Va
Saluria, Texas
San Diego, Cal
Foreign
Exports.
$1,288,671
*
New Orleans, La
New York, N. Y
Antwerp
For
$68,321,988 $321,837,227 $739,265,721
Foreign
Domestic
Imports.
Bangor, Maine
Boston, &c., Mass
Brazos, &c., Texas
Brunswick, Ga
Buffalo Creek, N. Y
Cape Vincent, N. Y
Champlain, N. Y
Charleston, S. C
Chicago, Ill
Corpus Cliristi, Texas
Cuyahoga, Ohio
Amsterdam
Amsterdam
[Corrected to December 28,1881.]
'
716,920,511
$37,896,049
The following is a statement
showing, by principal customs
districts, the values of merchandise imported into and
exported
from the United States during the month of November, 1881:
exports for the month of Nov.,
For the
month of
19,368,415
59,342,990
imports and of domestic and foreign
presented in the following tables
7,839,476
$84,235,028 $584,078,232 $304,816,560
have taken a hold, and
they will not readily let go. In
time Egypt will fail into the hands of
England, and the
Khedive will rule as a vassal of the British crown.
This
joint action is the first intimation that the Sultan’s
supremacy in Egypt is ended.
An Austro-German DetroitLMich
Fernandina, Fla
alliance with Turkey, or an Austro-German
protectorate, Galveston, Texas
is equally suggestive.
It points to the end. Not Russia Genesee, N. Y
Huron, Mich.
but Austria is to fill
up the place vacated by the Turk. Key West, Florida
The final collapse of
Miami, Ohio
Turkey is to be a gain to the German, Minnesota,
Minn
not to the Sclave.
Mobile, Ala..
IMPORTS AND EXPORTS FOR NOVEMBER..
AND FOR THE FIVE AND ELEVEN
MONTHS ENDED NOV. 30, 1881.
*
TOTAL MERCHANDISE, COIN AND BULLION.
to
15
466,665
$1,226,908
$10,601,773
imports $
ex ports
$57,682,100
3,081,989
$9,555,391
1,046,382
Silver
Excess of exports over
Excess of imports over
$23,193,381
16.045
Imports—Gold
or
3,315,344
$18,302,704
”
$3,721,342 $31,275,370
$2,426,763 $24,408,223
Total
Total
876,892
1,543,269
$6,367,142
662,140
*
England and France.
either in the Egyptian
$1,735,257
12,375,211
217,214
$1,294,579
$3,059,202
The situation is entirely
Imports—Gold
Silver
new.
In the event of any serious complications with
Total
Russia, Turkey will not look as before to France and Excess of imports over exports
Excess of exports over imports
England, but to Germany and Austria. In the event of
1880.—Exports—Dom.—Gold..
any combined attempt being made on Egypt or upon
do
Silver..
Foreign—
Gold
Tunis, the presumption is that the Sultan and his allies
do
Silver..
would encounter the united forces of
$612,716
4,493,943
....
...
....
....
Hong Kong..
Shanghai....
25*45
....
....
......
Dee.
Dec.
Dec.
Dec.
Dec.
30
30
SO
30
30
Short.
•
•
«
.
....
....
....
4*793*
Is. 8U4
Is. Bi^d.
3s. 9I4J.
5s. UVl.
THE CHRONICLE.
50
[701. XXXIV.
quite of a holiday character, and any improvement can be
scarcely expected to take place until we hare fairly entered
The approach of the holidays and of the close of the year upon the business of the new year. The quantity of wheat
lias had the. effect of restricting business in nearly every afloat remains large, but the visible supply in the United States
department, but the tone has remained good, and there are is considerably below that of last year, and a diminished
still prospects of a good general and remunerative trade in export from that country is anticipated. There are, however,
1882. There has, as usual towards the close of the year, been large supplies to be worked off; but our requirements are
an improved and active demand for money, and loans have
great, and there is now reason to expect that the deliveries on
been in request for short periods at about 5 per cent per the part of British farmers will soon begin to fall off. Wheat,
annum, while the rate of discount in the open market for three however, is 10s. per quarter cheaper than it was at the com¬
months’ bills is 4/£ to
per cent.
The Bank rate remains at mencement of the season, and prices being now at a low point,
5 per cent and no immediate change is anticipated; but there is foreign producers may be expected to restrict the extent of
still every reason to believe that during the early part of the their exports. Our importations of’Australian wheat, owing to
new year the value of money will be very well supported.
This last season’s poor crop, have fallen off considerably ; but our
week’s Batik return exhibits but few changes. The principal receipts from India have been upon a large scale. The quality
alteration is an increse of £914,508 in “ other securities,” which and condition of Indian wheat have improved considerably of
is not a very important change at this period of the year. The late years, and the produce is now very valuable for mixing
loan and discount business of the Bank of England during the purposes. Indian growers and merchants have been holding
week is understood, however, to have been very heavy, large the crop gathered in this year, in the expectation that by so
repayments having been made by the Stock Exchange. The doing it could be marketed to better advantage in this country,
Treasury balance has been augmented by £922,732, and on and or on the Continent; but the progressive and almost uninter¬
after the 1st of January there will be a large increase under rupted decline in values in the British markets during the past
that head, as the greater portion of the Imperial taxes will fall autumn has thus far frustrated their plans, and large supplies
due. The Bank of England, therefore, will soon have a large of produce are now coming forward, and are arriving freely at
amount of control over the money market, and the outside rates our ports. Russia has, for some weeks past, been supplying
of discount are likely to be advanced more closely to those some of the Continental markets freely, and our own receipts
officially quoted. The supply of gold held by the Bank has from that country have been upon a larger scale. The bulk of
diminished, though only to the extent of £41,635, a small lot the Indian supplies has been forwarded therefore to this country,
of coin having on balance been returned from provincial circu¬ and has helped temporarily to raise the supply above the
lation. Coin has come back from Scotland in about the usual demand. ' The lower range of prices current, however, and the
proportions; but, owing to thejholiday and other requirements, prospect which now exists of severer weather, are calculated
the circulation in England has been augmented. Gold is in to restrict supplies, and it would occasion no surprise if the
moderate demand for exportation, but no material feature has 'wheat had assumed a firmer tone early in the new year.
manifested itself during the week; and the fact remains that Russian ports are now closed to navigation for the season, and
the Bank of England is not likely to replenish its diminished prices are not sufficiently tempting to lead to any active move¬
store at any rapid rate. A continuance of the present rates of ment by rail.
„
discount is therefore expected. The following are the present
During the week ended Dec. 17, the sales of home-grown
wheat in the 150 principal markets of England and Wales
quotations for money :
Per cent. Open market rates—
amounted to 43,655 quarters, against 42.5S9 quarters last year
Per cent
4 months’ bank bills
Bank rate
5
i^®!^ and 41,787 quarters in 1879; while it is computed that they
6 months’ bank bills
Open-market rates—
4 & 6 months’ trade bills. 5
® 5*2
30 and 60 days’ bills
41*® l^s
were in the whole kingdom 174,620 quarters, against 170,500
3 months’ bills
41*® isi
The rates of interest allowed by the joint-stock banks and quarters and 167,150 quarters. Since harvest the sales in the 150
discount houses for deposits are without further change, and principal markets have amounted to 773,155 quarters, against
698,315 quarters and 488,016 quarters; the estimate for the whole
are as follows :
Per cent.
kingdom being 3,092,620 quarters, against 2,793,260 quarters in
Joint-stock banks
3 **
1880 and 1,953,350 quarters in 1879.
Without reckoning the
Discount houses at call
-4
41*
do with notice of withdrawal
supplies of produce furnished ex-granary at the commencement
The proportion of reserve to liabilities at the Bank is now of the season, it is estimated that the following quantities of
38*63 per cent, against 39‘81 per cent last week.
wheat and flour have been placed on the British markets since
Annexed i3 a statement showing the present position of the
harvest. The visible supply of wheat in the United States is
Bank of England, the Bank rate of discount, the price of con¬ also given :
1881.
1880.
1379.
1878.
sols, the average quotation for English wheat, the price of
Imports of wheat.cwt.20.112,324 20,844.877 24,357,212 17.026,789
middling upland cotton, of No. 40 mule twist, fair second Imports of flour
2,363,8*7
5,543,100 3,887,698 2,391,524
Sales of home-grown
quality, and the Bankers’ Clearing House return, compared
produce
13.401,500 12,104,120 8,620,100 16,484,200
I
London, Saturday, Dec. 24,1881.
[From our own correspondent.
with the four
previous years.
1879.
1880.
1881.
1873.
.
£
£
£
£
Circulation
25,224,265 26,117,325
Public deposits
6,580,997 8.601,812
Other deposits
22,404,808 23,673.028
Govemm’t securities.
13,243,961 14,365,119
Other securities
22,324,487 21,816,707
Bes've of notes <fc coin. 11,276,942 13,624,674
Coin and bullion in
27,231,935
5,196,209
28.045,331
15,843,584
20,299,810
15,189,757
33,110,790
5,577,109
27,872,395
14,235,394
27,906,355
9,342,285
20,751,205 24,741,999
27,424,692
27,483,075
both departments..
reserve
to liabilities
Bank rate
Consols
Proportion of
Eng. wheat, av. price.
Mia. Upland cotton...
3863
5 p. c.
991s
44s. 9d.
3
3 p. c.
93 3i
42s. 3d.
8d.
6%d.
6%dL
6%<L
Vo. 40 Mule twist
10%d.
103*d.
10^d.
Clear'g-house return .149,917,000 142,962,000
__
„„
3
p. c.
5 p. c.
9714
94% xd.
46s. 6d.
6i5lfld.
10%d.
96,084,000
"
40s. 8d.
following are the current rates of discount at the lead¬
ing foreign centres.
Paris
Brussels..*
Amsterdam
Berlin
Hamburg
Frankfort
Vienna
5i*
41*
5
5
5
4
Open
Bank
Open
market.
Pr. ct.
5
rate.
Pr. ct.
market
Pr. ct.
4
6
6
5
4
8
5
514
4k
478®5
43i®78
478® 5
37s
Spanish cities
St. Petersburg...
Geneva
Genoa
Copenhagen
558,890
.35,527,562
37,933,207
Av’ge price of English
wheat for season (qr.)
48s. Od.
Visible supply of wheat
in the U. S.... bush. 18,500,000
42s. 8d.
37,365,040 35,902,513
347,091
734,127
37,017,949 35,168,386
,
48s. Od.
41«. 4u.
28,600,000
shows-the extent of the imports and
exports of grain into and from the United Kingdom during the
first seventeen weeks of the season, compared with the corresponding period in the three previous seasons.
The following return
IMPORTS.
1880.
1881
Wheat
cwt.20,112,32 4
20,844.817
Barley
4,863,585
5,543.100
3,640,619
799,081
506,199
8,719,134
2,363,847
Oats
Peas
Beans
Indian com
Flour
4,221,812
1,031,017
787.369
12,458.520
4,037,143
1879.
24,357,242
6,558,131
5,674,588
948,758
919,490
7,303,105
3,887,698
1878.
17,026,789
4,983,683
4,375,914
660,148
504,380
10,455,858
2,391,524
EXPORTS.
6^
5®5**
43*
3i*
steady. Fine bars are
quoted at 51 %d. and Mexican dollars at 50%d. per ounce. A.
conference is about to be held under influential auspices to dis¬
cuss the question of bi-metallism, and the matter will early in
the new year be again thoroughly ventilated.
The trade for wheat during the past week has partaken
33,492,097
350,109
Madrid 6c other
Calcutta
The silver market has been quiet but
.
Result
35,877,671
or
5d.
8 VI.
65,951,000
The
Bank
rate.
Pr. cl.
5
Total
Deduct
exports
wheat and flour
1881.
cwt.
Wheat
24,354
Barley
Oats..
Peas
Beans
Indian
Floor
303,678
1
corn
f
280,224
26,911
12,545
63,414
46.43 L
1880.
1879.
504,878
303,599
3,758
184,388
35,688
14,620
126,817
' 54,012
6,317
20,828
58,339
12,703
331,729
43,492
London. Saturday, December 31, 1881.
Considering that this has been the closing week of the year,
that balance sheets have been undergoing preparation, and
that it has also been a holiday season, a fair amount of activity
has
THE
14L 1888 J
Januabt
r
_
■
-
manifested itself, and hopes
are
-
CHRONICLE.
51
-
still entertained that the
Annexed is
statement showing the present position of the
will be a prosperous one. On the Stock Exchange a Bank of England, the Bank rate of discount, the price of consols,,
very firm tone has been apparent, [and the value, both of the average quotation for English wheat, the price of middlings
British railway shares and of foreign government securities, upland cotton, and of No. 40 mule twist, fair 2d
quality, and the
though principally of the former, has been improving beyond Bankers’ Clearing House return, compared with the three pre¬
expectation. Six failures have, however, taken place in connec¬ vious years :
new
a
year
tion with the settlement which was
and which terminated
on
Thursday.
commenced on Tuesday,
They have not been for
large amounts, the defaulters being weak operators in American
railroad bonds and in mining shares.
The course of prices on the Stock Exchange during the last
1881.
1880.
Circulation,
excluds.
ing Bank post bills. 25,510,870
Public deposits
6,318,057
Other deposits
24,231,162
Go vernm’t securities. 13,243,961
Other securities
24,589,552
Res’ve of notes & coin 10,556,124
1379.
s.
Jan. 1, 1879
&
26,320,510
8,625,508
24,819,182
14,365,019
24,010,844
12,918,076
&
27,634,235
8,029,128
29,969,749
16,587,634
24,295,528
14,967,327
32,782,010
4,940,137
31,118,758
14,720,223
29,119,440
10,306,351
and bullion in
days certainly indicates that great hopes are entertained Coin
both departments.. 20,316,994 24,238,616 27,601,562
28.038,361
with regard to the future. The accounts of the principal Bank rate
5 p. c.
3 p. o.
3 p. c.
5 p.tc.
Consols
99x. d.
99%x. d.
973*
95%
British railway companies for the half-year ended' to-day Eng. wheat, av.
47s. Id.
39s. 9d.
price
44s. 4d.
42s. 8d.
will be very satisfactory, and in some cases an increased dis¬ Mia. Upland cotton..
6*%sd.
6Ul6d.
G^igd.
5d.
No. 40 mule twist
I0%d.
10%d.
10%d.
8%d.
tribution of net earnings is anticipated. Some improvement of Clearing-House ret’n. 85,666,000 70,398,000 90,062,060 88,887,000
of reserve
dividend has no doubt been discounted by speculators, but as Proportion
to liabilities
34-36
the value of railway shares is still rising, we may infer that the
The trade for cereal produce during the week, as usual
Stock Exchange holds to the opinion that the trade of the
country in 1882 will be sufficiently active and prosperous to add during the holiday season, has been very quiet, but the tone
has been steady for wheat and Indian corn.
A steady business
to the prosperity of the railway companies.
The belief is very
for consumption is expected in the course of a few days. The
general that the process of improvement in trade which has
been going on since this time last year will continue, and there following are the quantities of produce afloat: Wheat, 2,823,
000 qrs.; flour, equal to 118,000 qrs., against 2,090,000 qrs. of
is no reason for disputing it; but it must be borne in mind that
wheat and 106,000 qrs. of flour last year.
we shall have a higher rate of discount in 1882 than in 1881,
During the week ended Dec. 24 the sales of home-grown
and this fact is calculated to produce caution among the mer¬
wheat in the 150 principal markets of England and Wales
cantile classes.
amounted to 46,226 quarters, against 41,988 quarters last year
An advance in the Bank rate to six per cent would obviously
and 47,048 quarters in 1879 ; while it is computed that they
affect trade considerably; but there is no immediate prospect
in the whole kingdom 185,000 quarters, against 168,000
of any such change being made. At the same time there are were
quarters and 188,200 quarters. Since harvest the sales in the
no reasons for believing that the directors of the Bank of Eng¬
land will find themselves in a position to reduce the current 150 principal markets have been 819,381 quarters, against 740,303 quarters and 535,064 quarters; the estimate for the whole
rate, and, consequently, the impression is that the money
market will remain much in its present condition for some kingdom being 3,277,530 quarters, against 2,961,210 quarters
time to come.
Should this prove so, ample opportunities will and 2,141,540 quarters in the two previous seasons, respectively.
Without reckoning the supplies of produce furnished ex-gran¬
present themselves for conducting a sound and legitimate
trade. This is more to be desired than those spasmodic leaps ary at the commencement of the season, it is estimated that
and bounds which so frequently lead to confusion. If there is the following quantities of wheat and flour have been placed
on the British markets since harvest.
The visible supply in
as much improvement in 1882 over 1881 as there has been in
also
the
United
States
is
given :
1881 compared with 1880, the country ought to be satisfied.
1881.
1880.
1879.
1878.
Much will, no doubt, depend upon the result of the British
Imports
of
wheat.cwt.20,873,532
21,455,171
25,697,908
17,752,129
The yield of agricultural produce this year was
harvest.
Imports of flour
2,450,962
4,291,517
4,110,612
2,568,468
decidedly larger than in the previous year, though there was Sales' of home-grown
produce
14,202,600 12,793,600
9,435,310 17,441,000
some disappointment with regard to cereals.
The position of
Total
37,532,094 38,545,233 39,243,830 37,761,597
the agricultural classes has improved to a moderate extent, but
Deduct
exports
of
■wheat aud floui*
a position of
358,753
752,262
372,890
537,043
average prosperity is still probably remote. With
a small recovery, however, in the
Result
agricultural position, the
37,159,204 37,953,240 33,835,072 37,009,335
home trade has much improved; and it may naturally be Av’ge price of Euglish
wheat for season (qr).
48s. Od.
42s. 9d.
4Ss. Od.
41s. 3d.
few
^
inferred, therefore, that a series of good harvests would have
very beneficial results. As far as can be ascertained at present,
the agricultural prospect is a good one. The time for plant¬
ing wheat and winter corn was about the best known, and the
farmers say that they had excellent opportunities of cleaning
the soil. There are, as is well known, many farms unculti¬
vated, or ill-cultivated, which is a serious drawback ; but, at
reduced rents, they are bfcing taken up, and they may be made
to pay, if we should have propitious weather for a few seasons.
Money was much wanted in the early part of the week, five
per cent being asked for loans for short periods, while the rate
of discount for three months’ bank bills in the open market
was 4%@4% per cent.
The inquiry, however, now that the
requirements of the country usual at the close of the year
have been satisfied, has perceptibly abated, and short loans are
obtainable at about 4/£ per cent. The rates of discount are
now as
follows:
Per cent.
_
Bank
rate
5
Open-market rates—
30 and 60 days’bills..... 4%®4%
3 months’ bills
Open-market rates —
Per cent.
4 mouths’ bank bills
4%a>4%
6 months’ bank bills
4%® 4%
4 & 6 months’ trade bills. 5
2>5%
discount houses for deposits
are as
Per cent.
„
4
4%
43*
with notice
The
following are the rates for
cipal foreign centres:
.
Hamburg
Vienna
....
....
Bank
Open
rate.
Pr. ct.
5
5
market.
Pr. ct.
5
4%
•
•
•
•
....
•
• m m
4
4*8
4%
money current at
Madrid
Other
Bank
rate.
Pr. ct.
4
the prin¬
Open
market.
Pr. ct.
5
Spanish
cities
St. Petersburg
5
5
5
Geneva
Genoa
3%
Copenhagen
28,634,366
following return shows the extent of the imports and
exports of cereal produce into and from the United Kingdom
during the first eighteen weeks of the season, compared with
the corresponding period in the three previous seasons :
IMPORTS.
1881. I
Wheat
Barley
5,075.343
Oats
3,791,586
804,931
528,909
8,922,663
2,450,962
Peas
Beans
Imliau
corn:
Flour
1S79.
1S78.
25.697,903
17.752,129
6,767,405
5,327,304
4,528,889
1S30.
cwt.20,878.532
21,455,171
5,783,966
4,407,315
1,101,66 L
834,770
12,962,595
4,291,517
5,897,536
973,4 IS
1,043,365
7,604,266
4,110,612
676,820
511,706
10,749,710
2,568,468
EXPORTS.
325,704
530,350
314,870
719,658
Barley
26,398
6,129
6,642
56,965
Oats
Peas
Beans
Indian
Flour
299,927
28,933
13,197
63,457
49,186
196,157
36.146
Wheat
cwt.
-
24,3S4
58,724
13,263
347,164
43,888
English Market Reports—Per
Cable.
corn
15,854
128,830
56,698
42,817
7,377
2,896
105,913
32,609
daily closing quotations for securities, &c., at London
provisions at Liverpool, are reported
by cable as follows for the week ending January 13 :
The
and for breadstuffs and
follows:
Joint-stock banks
Discount houses at call
Do
29,800,000
The
4%®4%
The rates of interest allowed by the joint-stock banks and
Pads
Brussels
Amsterdam..
Berlin
Frankfort....
Visible supply in Unit’d
States
bush. 18,200,000
5
...
6
6%
5®5%
5
4
4%
3%
6
London.
Silver, per oz
d.
Consols for money
Consols for account.
Fr’eh rentes (in Paris) fr.
U. 8. 5s oxt’n’d iuto 3%s
U. S. 4*98 of 1891
U. S. 4s of 1907
Sat.
52
10018
Tues.
52
52
99*%a
99is16
100&,6 1001*
84-70
84-45
1051*
1171*
105%
1171*
120%
121
40i*
1321*
62%
Pennsylvania
Philadelphia & Reading. 33i*
134i*
New York Central
Erie, common stock
Illinois Central
Jfon.
40%
133
63
34%
134
100%
3410
105
117%
120%
41*8
133
62%
33%
135
Thurs.
Wed.
52ii«
991*16
52%6
100%
100%
100%«
84-17% 84-20
x 103%
105
117%
117%
120%
120%
41%
41%
134
133%
63%
62%
33%
33%
135
*
136
Fri.
52%*
100%
100%*
84 45
103%
1X7%
120%
43%
136%
64
33%
137%
52
1HE CHRONICLE.
WF
22..6611430——TThliee
I/iverpool.
Sat.
Mon.
s.
rt..
s.
d.
14
10
10
10
10
O
7
9
9
14
10
O
Tues.
Wed.
Thurs.
New York West Shore & Buffalo.—At the annual
meeting
of stockholders the
following directors were elected : General
Fri.
8.
d.
8.
d.
8.
d.
8.
d.
14 O
14 0
14 0
L4 0
7
Wheat, No. 1, wh. “
10 7
10 7
10 7
10 7
LO 9
Spring, No. 2...
“
10 9
10 9
10 9
10 9
Winter, West., n
10
i)
”
10 a
10 9
10 9
10 9
Cal. white
**
6
10 6
10 6
10 6
10 6
10 6
5 lO1^
Corn, mix., West.
“
5 10^2 5 lOhi 5 10^2
5 10J2
5 10 ^
Pork, West.mess..# bbl. 72 O
72
O
72 O
72 0
72 0
72 0
Bacon, long clear, new.. »7 O
47 0
47 0
47 0
47 0
46 6
Beef, pr. mess, new,#te 10 O
90 0
90 O
90 0
90 0
90 0
Lard, prime West. # cwt. 56 O
56 0
56 6
56 6
56 3
56 3
Cheese. Am. choice, new 65 O
65 0
65 O
65 O
65 0
65 0
Flour (ex. State.. 100 lb
©0mittcvctal aiitl I|lisceUaucff ws
National Banks.—The
organized
Horace Porter, John J. McCook, H. Victor
P. Grace, R. T. Wilson,
George G. Nevers, J. B. Page and John L. Nisbet.
At the annual meeting of the stockholders of the
North River
Construction Company the directors elected were : Edward F.
Winslow, Henry Villard, Geo. M. Pullman, Charles F. Woerisli
offer, William Adams, Thomas C. Clarke, Conrad M. Jordan,
Howard Mansfield and Henry J. Cullen, Jr.
Wheeling & Lake Erie—Cleveland & Marietta.—A report
from Cleveland, Ohio, says, on
apparently reliable authority,
that an agreement of consolidation has been
consummated be¬
tween the Wheeling & Lake Erie, the Cleveland
& Marietta and
the Cuyahoga Valley railways. The terms have not
yet been
announced, but will be made public in a few days. This com¬
bination would unite over 300 miles of road
by the extension ©f
the Valley Road to Canal Dover, with termini at
Wheeling and
been
:
Salamanca National Bank, Salamanca, N. Y.
Capital*
$50,000. Albert G. Dow, President; Warren Dow, Casliier.
Fourth National Bank of Grand Rapids, Mich.
Capital,
*2 ©,000. A. B. Watson, President; I. M.
Weston, Cashier.
People’s National Bank of Lawrenceburgh, Inu. Capital,
$110,000. Win. Probasco, President; Peter Brawn, Cashier.
Citizen’s National Bank of Kansas City, Mo.'
Capital,
$200,000. Joseph A. Cooper, President; Attis A. Whipple,
Marietta, on the Ohio River, and at Cleveland, Huron and
Toledo, on the Lake.
—The old iEfcna Insurance
generally, this method
showing in detail what property the company owns as secu¬
rity for its risks will be highly commended. The iEtna has a
record surpassed by no other United States fire insurance com¬
Albuquerque, Territory of New
of
Mariano S. Otero, President;
Daniel Geary, Cashier.
The location of “ The Blue Hill National Bank of
Dorchester,” Boston,
Mas®., has been changed to Milton, Mass. It is now
“The Blue
Hill National Bank of Milton,” Mass.
Imports
and
Exports
an
increase
in
hose of
both
The total
r
pany.
Week.—The imports of last
—Attention is called to the statement of the Home
Insurance
preceding week, show Company in the Chronicle. This company ranks
largest and most substantial fire companies, as a
dry goods and general merchandise. of
$1,806,180 would alone
week, compared with
'
for the
Company of Hartford,
publishes
in the advertising columns of the Chronicle
its annual state¬
ment of assets, to which particular attention is
directed. To the
mercantile community, and businessmen
Cashier.
First National Bank of
Mexico.
Capital, $50,000.
Newcomb, Michael
Henry K. McHarg, Charles J. Canda,
wrs.
following national banks have
fVoL. XXXIV.
the
among our
net surplus
indicate. The company, notwith¬
record of the year, pays its stockholders
imports were $7,863,738, against $6,929,597 the pre¬ standing the
heavy fire
ceding week and $10,516,630 two weeks previous. The exports 5 per cent dividend, half yearly.
for the week ended Jan. 10 amounted to
—The Ontario Silver Mining
$5,940,134, against
$6 ,395,100 last week and $4,613,132 two weeks previous. The monthly dividend of $75,000,Company ha3 declared its usual
making a total to date of
following are the imports at New York for the week ending $4,025,000, payable at Wells, Fargo & Co.’s, 65 Broadway, on
(for dry goods) Jan. 5 and for the week ending (for general the 16th inst. Transfer books close on the 10th inst. The
product of the mine for thirty days in December was $217,merchandise) Jan. 6; also totals since January 1, 1881:
328, assay value.
,
FOREIGN IMPORTS AT NEW YORK.
r
For Week.
1679.
Dry goods
GenTmer’dise..
Total
Since Jan. 1.
Dry goods
Gen’i mer’dise..
Total
—The
Bank is
1830.
1881.
*642,271,586.204
$2,113,912
4.801.637
$1,742,043
5,061,469
$2,039,035
$2,223,482
6,915,599
$6,803,512
$7,860,738
$1,919,097
$3,495,400
4,577,217
11.283.18S
$1,742,043
$2,OSD,035
.+6 406 311
$14,778,58-
1882.
5,771,703
5,061,469
EXPORTS FROM NEW YORK FOR THE WEEK.
For the week...
Prev. reported..
Tot. since Jan. 1
1880.
$4,247,380
1881.
4,429,575
$4,993,157
5,906,669
+3.676 955
*10,904.826
1882.
$6,772,531
$5,940434
7,648,993
National
on
the 25th inst.
on
the 20th inst.
—The Deadwood-Terra
its fourteenth monthly
Mining Co, of Dakota, announces
dividend of $30,000, payable at
Wells, Fargo & Co.’s, 65 Broadway, on the 20th Jnst. Transfers
imports
exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Jan. 10, and from
January 1 to date :
1879.
December, payable at Wells, Fargo & Co.’s
Transfer books close
$7,860,738
In our report of the dry goods trade will
be found the
of dry goods for one week later.
The following is a statement of the
board of directors of the Continental
—The Homestake Mining
Company of Dakota has declared
its forty-first dividend—being $30,000— for the month
of
5,771,703
$6,803,512
new
published in to-day’s Chronicle. Many of the gentle¬
men constituting the
board are well known as among our
wealthiest and best qualified business men.
close
on
the 14th.
—Attention is called to the statements of the
Metropolitan
to-day’s Chronicle. This i3 one of the
National Bank in
largest banks in the city, and reports
$1,200,000.
surplus fund of
now a
—Mr. Latlirop R. Bacon has become a member of the firm of
Clark & Bacon, bankers and brokers, No. 3 Pine street.
*14,421,524
$5,940,134
The following table shows the
exports and imports of specie
at the port of New York for the week
ending Jan. 7, and
since Jan. 1, 1882 :
BANKING AND FINANCIAL.
EXPORT’S AND IMPORTS OF SPECIE AT NEW YORK.
THE
Exports.
Geld.
Week.
Great Britain
France
$
Imports.
Since Jan. 1.
*
Week.
ATLANTIC SEABOARD
Since Jan. 1.
$50,492
$50,492
23,605
28.605
11.145
11,145
importance that
Germany
$90,242
1,174,247
154,622
$170,239
55,000
$170,239
Total 1881
Total 1870
$225,239
206,500
67.040
$
55,000
West Indies
Mexico
South America
All other countries.
Total 1882
$225,239
206,50o
67,040
$90,242
1,174,247
160,315
a
TO
THE
havo taken
our
new
more
trunk
WE3T
than
is
our
line
an
event of
usual
so
the
much
pains to lay the
customers and correspondents.
Wo have jnst issued a pamphlet, copies of which
our
from
can
be obtained at
office, giving an account of the completion of the CHE3APEAKE
&
LEXINGTON
between the
,
13,404
13,404
1,304
1,304
$14,708
11,237
1,294
& BIG SANDY
RAILROAD, forming the connection
Chesapeake & Ohio and its allied lines, West, Southwest
and Northwest.
*
$14,708
The Chesapeake & Ohio
and
as
of the
now
enters the field
as a
through trunk line
the shortest route to the seaboard for ten millions of
Alleghanies, with
very
light fixed charges and
a
people west
rapidly-develop¬
ing local business.
11,237
5,004
Of the above imports for the week in
18S1, $19,304 were
AmaricaQ gold coin and $13,393 American silver coin..
California Southern.—The final assessment
upon California
Southern Railroad subscriptions is
payable January 21, when
one share of
town-company stock and probably about fifty per
cent of the
first-mortgage bonds will be delivered to subscribers.
—Boston Transcript.
4
of
OHIO RAILWAY to Newport News, and also of the ELIZABETHTOWN
Total 1882
Total 1881
Total 1870
Silver.
Great Britain
France.
wo
information boforo
Germany
West Indies
Mexico
South America
All other countries.
opening
The company are now
•f
1911, issued
on
accrued interest.
and 18 of the
ready to sell the $2,000,000 six per cent bonds
the completed road to Newport News.
A
Price, par and
description of the bonds will be found
on
pages
15
pamphlet.
FISK & HATCH, No. 5 Nassau Street.
a
THE CHRONICLE
14,1882.]
January
3£he f§tohjers’ (f5a*ette.
dividends:
The following dividends have recently been announced:
Name of Company.
Per
When
Books Closed.
cent.
Payable.
(Days inclusive.)
bankers’ 60 days
sterling were 4 82@4 82% and 4 86@4 86% for
demand, with cable transfers 4 87@4 87%i and prime commer¬
cial bills 4 79M@4 80%.
In domestic bills, New York exchange was quoted to-day as
follows at the places named: Savannah, buying % discount,
selling par to % premium; Charleston, buying %@5-16 discount,
selling par@% discount; New Orleans, commercial 25@50, bank
par; St. Louis, 75 premium; Chicago, par; Boston, shilling pre¬
mium.
Railroads.
Central Pacific
$3
Little Schuylkill Navigation
Louisville <fe Nashville
Marquette Houghton & Out. pref.
Mine Hill & Scliuylkill Haven....
St. Louis & San Fran. 1st pref
Insurance.
3*2
3
4
3*2
3*2
Feb.
Jan.
Feb.
Feb.
Jan.
Feb.
1
13
10
15
13
1
Jan. 16 to Feb.
1
Jan.
4 to Jan. 11
Jan. 15 to Feb. 12
Jan.
Jan.
4 to Jan. 13
18 to Feb.
1
.
Continental
Farragut Fire
German-American
Guardian Fire
6
6
Jan.
3
5
dem.
dem.
Jan.
17
Jan.
16
On dem.
On dem.
Jan.
14
Jan.
12
17
Jan.
3*2
TTnmfi Fire
5
5
5
5
Howard Fire
Tpri porters’ &, Traders’
Manhattan Fire
Merehants’
New York Equitable
Pacific Fire.
3*2
8
10
Fire
5
rr
Rutgers
Standard Fire
dem.
dem.
dem.
On
On
On
5
Exchange Fire
Peter Cooper
Phe nix
3*2
United States Bonds.—There has been very
little selling of
by corporations which were supposed to have
purchased merely to make a good showing on January 1, and
the floating supply of bonds in the market is very moderate and
prices usually firm.
The 107th call for bonds, issued Jan. 12, calls in $20,000,000,
to be paid March 13, 1882, as follows:
Government bonds
Registered bonds of the acts of July 27 and August 5, 1861, continued
11
during the pleasure of the Government under the terms of oiroular No. 42,
On
On
dated April 11, 1881, to bear interest at the rate of 3*2 per cent per an¬
from July 1, 1881, as follows:
$50—No. 1,851 to No. 1,950, both inclusive.
$100—No. 13,001 to No. 13,700, both inclusive.
$500—No.,9,601 to No. 10,000, both inclusive.
$1,000—No. 47,001 to No. 48,900, both inclusive.
num
$5,000—No. 16,001 to No. 16,150, both inclusive.
$10,000—No. 30,101 to No. 32,550, both inclusive.
Total, $20,000,000.
Many of the bonds originally included' in the above numbers have been
dem.
Feb.
1
On dem.
On
transferred and canceled,
leaving outstanding the amount above stated.
The closing prices at the IS ew York Board have been as follows1
Miscellaneous.
Consolidation Coal
Fidelity & Casualty Co. of N. Y...
Union Trust Company
2
5
3*2
Jan.
27 Jan. 18 to Jan. 27
12 to Jan. 24
Jan.
16 Jan.
On dem.
NEW YORK, FRIDAY, JANUARY 13, 18S2-5 P.M.
Market and Financial Situation.—There has
decided change in the tone of the stock market, and the
The Money
been
a
53
6s, continued at 3*25s, continued at 3*2-.
4*28,1891
reg.
4*28, 1891
COUD.
4s, 1907
reg.
4s, 1907
coup.
6e, cur’cy, 1895..reg.
6s, cur’cy, 1896..reg.
6s, cur’cy, 1897..reg.
6s, cur’cy, 1898..reg.
6s, cur’cy. 1899..reg.
-
Interest
Jan.
Jan.
Jan.
Periods.
7.
9.
10.
Jan.
11.
J.
& J. lOO^Q 100% 10078 *100%
102*4 102*4 *102*6
Q.-Feb. *102
Q.-Mar. 1143a *11430 *11438 *11438
Q.-Mar. 11438 *1343s *11430 *11438
Q.-Jan. 1175s 11738 11750 *117*2
Q.-Jan. 117*2 11750 11750 117%
Jan.
Jan.
12.
13.
100% *100 5g
102*4 102*3
114*2 *11438
114*2 *11438
118
*118
118*4
depression which was so marked in the early days of the new
*125
J. & J. *125
*125
*125
*125
J. & J. *125
*125
*126
year has given place to firmness, and in some cases almost to
*125*2 *126
*125
*126
*127
J. & J. *125
*127
buoyancy. The money market has relaxed, and this has helped
*125
J. & J. *125
*128
*126*2 *128
*125
*127
*129
J. & J. *125
*129
the improvement in stocks; but there is also a more cheerful
feeling in regard to railroad properties, based in part on the
This is the price bid at the morning board: no sale was made.
constant rumors of a settlement of the railroad war, and partly
State and Railroad Bonds.—The transactions in Southern
on the large earnings of some of the western roads in the month
State bonds at the Board have been quite moderate.. The Ten¬
of December. The general transportation business is so large, nessee case will come up in a few days. The Readjusters have
in consequence of mercantile activity, railroad construction, introduced their new measure in the Virginia Legislature. It is
thought that the State of Missouri had no right to default on
immigration, movement of passengers for business or pleasure, the bonds issued to the Hannibal & St. Josepn Railroad, what¬
and from various other causes, that less is thought of the de¬ ever was the controversy between the State and the company.
In railroad bonds there has been more activity, ana prices
creased tonnage of grain freights from the West which is likely
are becoming firmer on many of the
investment securities.
to occur in the present half-year.
Default was made this month on the coupons of the first mort¬
On another page will be found the statement of1 railroad
gage bonds of the Memphis & Little Rock Railroad.
earnings for December and the full year 1881, in comparison with
Messrs. A. H. Muller & Son sold the following at auction
1880. The reports are very promising in showing a heavy gross this week:
118
*125
*126
*127
*128
*129
*
traffic, but to understand the true condition of the several roads
we must see their net earnings and their interest and rental
accounts in the forthcoming annual reports, as the latter have
increased heavily with some of the companies. It is to be
regretted that as roads pass under a new management their
annual reports are sometimes withheld from publication—thus
we have had no annual report of Missouri Kansas & Texas for
1880; no report of Texas & Pacific for the fiscal year ending May
31,1881; no report of East Tennessee Virginia & Georgia for
the year ending June 30, 1881. All these companies had issued
their reports regularly in previous years.
The money market has come down to easy rates, and stock
borrowers have been well supplied with money on call at 4@6
per cent, while the Government bond dealers are paying 2@3
per cent. Prime commercial paper of 2 to 4 months is quoted at
5%@6 per cent.
The Bank of England on Thursday showed an increase for
the week of £13,000 in specie, and the percentage of reserve
to liabilities was 34%, against 31% last week. The discount rate
remains at 5 per cent. The Bank of France lost 950,000 francs
gold and 5,925,000 francs silver.
The last statement of the New York City Clearing-House
banks, issued Jan. 7» showed an increase in their surplus
reserve
of $2,065,800, the total being $3,317,700, against
$1,251,900 the previous week.
The following table shows the changes from the previous week
and a comparison with the two preceding years:
1882.
Jan. 7.
Differ' nces fr’m
previous week.
1881.
Jan. 8.
1880.
Jan. 10.
Loans and dis. $319,110,400 Inc .$3,667,000 $304,080,200 $276,116,100
61,514,000 Ino. 3,731,500
61.948,900
51,473,500
20,209,000 Inc.
46,600
18,426,200
23,812,900
299.500,400 Inc. 9,610,000 285,787,700 246,995,600
Specie
Circulation...
Net deposits
.
Legal tenders.
Legal reserve.
Reserve held.
16.678.800 Inc.
736,300
13,817,400
14,097,800
Inc .$2,402,500
Inc. 4,467,300
$71,446,925
$61,748,900
75,766,300
65,571,300
$3,317,700 Inc .$2,065,800
$4,319,375
$3,822,400.
$74,875,100
78.192.800
Bonds.
Shares.
1 The Sun
Printing & Pub¬
lishing Association
$4,100
6 First Nat. Bank of Brook¬
253*2
lyn
50 Firemen’s Trust Ins. Co.
of Brooklyn
112
94 New York Ferry Co
221
212 Sixth Ave.RR.Co.2721i>3>26112
24 Mechanics’ Nat. Bank
147
268 Mercantile Nat. Bk.l21,g>120
120 People’s Bank of N. Y
140
15 Leather Mauuf. Nat. Bk. 180*2
29 Nat. Bk. of the Republic. 143
30 Bankof America...
150
83 Knickerbocker Fire Ius.
Co
53*2
2 Continental Ins. Co
243*2
50 Manhattan Gaslight Co..226*a
$500 Greon Bay Winona <fc St.
Paul RR. 1st mort. scrip.. 91
$1,000 Green Bay Winona &
St. Paul RR. 2d mort. inc.
32
$350 Greeu Bay Winona & St.
Paul RR. 2d
m.
ino.
scrip. 23*2
$200 N. Y. City 7s, accumu¬
lated debt,duelS86.111*2 &int.
$5,000 Third Ave. RR. Co. 7s,
reg.,
due 1890
112*2
$30,000 N. Y.City improvem’t
7s, consolidated stock,due
1392
126*4 &int.
$5,000 County of N. Y.
cumulated
1886
ac¬
debtf 7s, due
112*2 &lnt.
$1,000 N. Y. City parks im¬
provement fund 6s, reg.
stock, due 1901
126*4
$50,000 Rahway City bonds. 23*2
Railroad and Miscellaneous
Stocks.—The stock market,
developing much improvement in prices during the week,
strongest tone we have had since the
opening of the year. It is reported now quite positively,
though not officially, that an agreement has been signed by the
trunk line officers by which the New York Central and Erie com¬
panies will select one arbitrator and the Baltimore & Ohio and
Pennsylvania Railroad companies will select another, and the
after
closes with about the
two arbitrators so chosen will select a third. To these three arbi¬
trators all questions in dispute will be submitted, including that
done in good faith and the
companies abide by the arbitrators’ award, the railroad war may
of differental rates; and if this is
be settled.
This afternoon
the
report from Philadelphia announcing Mr. Gowen’s success in
one
of the sensations of the market
was
the Reading election. He received the Vanderbilt proxies and
had in round figures 272,000 votes, against 222,000 shares, and it
is thought that the election will stand. The ticket elected is as
follows : For President—Franklin B. Go wen. For Managers—
J. B. Lippincott, Henry Lewis J. V. Williamson, Eckley B.
^
Coxe, J. B Altemus and Edward C. Knight.
There has been large buying of the Vanderbilt stocks for
several days, as well as of the other trunk lines, and this has
given the idea of a settlement of the railroad war quite as much
as the reports of the arbitration.
Denver & Rio Grande was
conspicuous to-day for large transactions; Wabash preferred
Exchange.—There has been much firmness in exchange, and also sold above 70 in the last hour, and it was noted that the
leading drawers have advanced their rates tw3 points since last recovery was thus quite marked in those stocks which were
week. The small supply of commercial bills is one of the chief among the first to show great weakness in the recent decline
causes for this advance.
To-day the actual rates for prime which carried down nearly the whole list.
Surplus
THE CHRONICLE
54
[Vol. XXXIV.
—
RANGE IN PRICES AT THE N. Y. STOCK EXCHANGE FOR THE
HIGHEST
DAILY
STOCKS.
Saturday,
Jan.
RAILROADS.
Albany A Susquehanna
Monday,
Tuesday,
*129
*81
53
Canada Southern
Cedar Falls A Minnesota
Central Iowa
Central of New Jersey
Central Pacific
19%
*129
62
63
63
90
"
92
Chicago A Alton
Do
93 *2
pref.
.
Cincinnati Sandusky A Clev....
Cleveland Col. Ciu. A Ind..
Cleveland A Pittsburg guar....
Columbia A Greenville, pref
Columbus Chic. A Ind. Central.
Delaware Lackaw anna A West.
Denver A Rio Grande
80
133
55
63%
5434
20
34
20
34
91
91*%
91%
92%
24%
92%
93%
25%
36
36
Do
Green Bay Winona A St.
Hannibal A St. Joseph
135%
109%
12134
126%
133
-
%
91%
913^
93
25%
3634
2434
*34%
26
26
*25%
56
56
80*2
79
79%
134
134
35
99
35 34
79%
80
20%
123
14%
24%
14%
pref..
23%
25
11*2
95*8
23%
1434
24
Paul.
13% 14*o
9434 95
103% 111%
83
35 % 36
99% 100
55% 55%
82
82 34
82%
*133
135
135
21
21%
21% 21%
123% 124%
68% 69%
21%
123% 124%
68%
67%
69%
14 34
25
14%
14 34
2434
415
*81
55
20
7
55%
20
--
9,926
1,200
24
129%
6 130
Jau.
6
39s4 Jan.
3
60
81 % Jan. 12
3
51
Jau.
19
Jau.
25
2,924
37
485
90% Jan.
24% Jan. 11
34% Jau. 4
480
24
26
133
*140
26
134
......
3634
101%
100
56
56
82% 83
136 % 136%
21%
21%
89
Jan.
124% 126%
69%
72
14%
24%
1434
24 34
5,384
202,414
2,600
23,742
1,320
1,310
200
4,810
9,251
1,000
6,276
653
129% 130
46% 47%
129% 131%
4634 47 %
96
9434
109%
109
96%
109% 109%
96
13034 132%
132% 133
47% 47%
Jan.
Jan.
124
4
136% Jan.
131
80
Jau.
Jan.
34% Jan.
97 34 Jan.
78% Jan.
133
Jau.
12734
6 140%
3
84
6 127 %
4
72
84
9
5
1434
6
25
.Tan.
13% Jau.
4,545
23
Jan.
11% Jan.
2,800
9434 Jan.
4,207 106 % Jan.
85
Jail.
’
11,250 12734 Jan.
44% Jan.
34
34
51%
Long Island
35
34
113
34
34
34% 3434
11134 113% 112% 114%
111^112%
11434
51% 51%
5134
35% 36
114% 115%
High
135
30
45
71%
37
69
50
16
31
60
90
90
40%
45
82% 112
80% 102%
20 34 33%
32 34 48%
7
Jan.
Jau. 13
9 23
Jan.
Jan. 13 127
140
Jan. 13 133%
Jan. 10 101%
Jau. 10 11634
Jan. 13 117
Jau. 13 131%
Jan. 13 129
7
Jan.
40
Jan. 13 33%
Jau. 13 91
36%
156
153
182%
129%
140
136
147%
4 135
148%
82
88
4
51
3
3634
6 101%
109%
56
5
4
Jan.
41% 68%
3
83
Jan.
81
5
10134
13
7 136% Jau.
127% 142
82
95%
20
8,225
6 120
25
37% Jan. 4
93% Jan. 13
94% Jan. 13
4 137
4 L0934
3 122
Jan.
Low.
Jau.
3
65
3
39 34 Jan.
81% Jan. 12
55 % Jan. 13
Jan.
21
7
27
37
4
26%
3 134
7
4
5
4
4
4
,
11034 112
Jan.
104% Jan.
119% Jan.
132% Jan.
Jau.
8,210
199,050 12234 Jan.
141,445
63% Jan.
2,448
0
4
1,205 128
136% 137
36%
54,575
33% Jan. 12
3,333
95% 95%
10934 109 34
3
36%
52,915
100'
129*2 129*2
47*4 47 A2
129
Jan.
‘
93%
*
94»4 95%
109% 110
Highest.
25
92
200
27
24%
Lowest.
34%
93%
94%
34%
14%
24%
14%
Range Since Jan. 1, 1882. Year 1881.
160 130
*81
35% 3534
99% 100
80
135
Friday,
Jan. 13.
108% 109%
121% 12134 12134
12534 126% 126% 127 s4
139
139
I3934 140%
133
133% 13334 135
133
83
133
SfUes of
the Week,
Shares.
109
108
121
jf
124%
66%
13%
26
13534 136
108% 109%
121% 121%
125% 126%
99%
%
S4
107% 10834
136%
*133
21*2
123% 124%
95 *0
i.36
*81
99%
26
132% 132%
*140
136
10934
122
126%
139%
132% 132%
135%
108%
12134
125%
139%
21
66%
131%
For Full
33% 33%
9130 92
92% 9334
25% 25%
36% 36%
26
131
130% 13034
35%
14
Do
pref
Houston A Texas Central
Illinois Central
Indiana Bloom’n A West., new.
Keokuk A Des Moines
Do
pref
Lake Erie A Western
Lake Shore...
90%
»
35%
98%
14
Dubuque A Sioux City
81%
55%
20%
20
67
84
East Tennessee Va. A Ga
81%
53%
20%
19%
35%
99%
21%
124*8 125
66*4 6734
62
53 ^
132% 132%
20 34
62
*81
*140
133
63
20
135
108
121
125
133
135%
1033b
121*8
125 3g
138 •a
131*2
82
130
54%
*140
Do
pref
Chicago Burlington A Quincy.. 134 *3
Chicago Milwaukee A St. Paul. 107
Do
pref. 12034
125
Chicago A Northwestern
Do.
pref... 138%
*131
Chicago Rock Isl. A Pacific
81
Chicago St. L. A New Orleans..
35*4
Chicago St. Paul Minn. A Om..
130
54*4
1934
92^8
92*8 92
26
25
25*4 25%
36
36
36% 36%
25
25
26% 26%
129^4 130% -129*2 130%
1st pref
2d pref
_
21
913a
Chesapeake A Ohio
Do
Do
*8i
*81
54*4
Jan. 12.
132
■*
pref...
Western...
Burlington Cedar Rapids A No.
Do
Thursday,
Jan. 11.
*129
Boston A N. Y. Air-Line
Buffalo Pittsburg A
Wednesday,
Jan. 10.
9.
Jan.
7.
1
■-
.
WEEK, AND SINCE JAN. 1, 1882.
PRICES.
AND LOWEST
-
1,000
33% Jau. 4
4
393,352 109% Jail.
51 % J au. 11
1,700
21% Jan.
7
1834
32%
5 107
131
Jau. 13
66
113%
Jan.
9 76% 88
21
Jau. 10 13
9
33
Jan.
23
1434 Jail. 7 12% 12%
13
96 % Jau.
44 34 350
111 % J au.
9 94
121
4
85
Jau.
106
63
Jau. 13 124
133
146%
48
5
Jau.
38% 57%
14
30%
56
41
36
Jan. 13
32
6534
115% Jau. 13 112% 13o34
11
63
44
513* j an.
Jau.
-
Louisiana A Missouri River....
16%
38
Do
Louisville A Nashville
42
79
50
48
Louisville New
pref....
96%
51
*26
Manhattan
Manhattan Beach Co
Marietta A Cincinnati, 1st pref.
2d pref.
Do
7o
Memphis A Charleston
Metropolitan Elevated
Michigan Central
87*2
*.
Milwaukee L. Sli. A West.,
Do
85 %
46
pref
★
Minneapolis A St. Louis
pref...
98 34
97% 93%
75
96%
74
*50%
26%
74
Albany A Chic.
51
27
74
88 34
86*2
48
30
69
>r
50
26
74
88%
85%
47
*
34
73
*83
86%
48%
34
34
34;%
121% 121%
86
86
12934 130%
*85
5734
36
37
75
23
36
76%
23%
3634
99%
97%
51
27
74
74
89
51
48%
50
49
63,439
23%
27
27
27%
S
8
7334
74%
74
*88
89%
86
87 34
86%
48
21
48
47%
21
61
30 %
20%
60%
61
7334
*86%
88%
88%
-
50
50
37%
9934 101%
33% 34
121
121
121
2734
610
100
733,
89
89%
' 51
20% 20%
60% 60%
37% 38%
1013* 102%
*33% 34%
20%
60%
37
37 %
9934 100 34
33% 34
5,250
-
89 %
*87
50%
122
122
86
86%
84% 85
130 *8 131 % 1.30%
131% 134
133% 135
*105
107
*105
107
106%
107
*106
107
40
41%
40% 41%
41% 42 34
39% 40%
82 a4 84%
82
81
80 34 81%
82%
82%
87
57%
98
97
97%
400
121
i’32%
130% 131
107% 107%
39% 40%
81
8134
170% 170%
26 34 27%
106
106
40
39
Do
81
81*2
pref.
New York New Haven A Hart. *171
175
New York Ontario A Western ..]
26*2 27%
20
20
Norfolk A Western
Do
pref
5734 58
Northern Pacific
36 *2 36*2
Do
pref
74*8 75*2
Ohio Central
23
23
Ohio A Mississippi
35*2 00 *2
Do
pref
Ohio Southern
71
71
Oregon A Trans-Continental...
9634
8534 87%
4734 47 a*
20% 20**»
60% 60%
36% 37
99% 100%
33% 33%
36% 36%
99% 100%
121*4 122
..
74
89
30
69
*
36*4 36 '0
99% 100%
Missouri Kansas A Texas......
Missouri Pacific
Mobile A Ohio
Morris A Essex
Nashville Chattanooga A St. L.
New York Central A Hudson
New York Elevated
New York Lake Erie A West..
51
26
97%
74
51
26%
8,000
2,207
55,615
4,600
500
500
19.070
16,700
2,650
1,231
1,800
151,957
407
243.510
4,920
170
80
26%
27
2034
27%
27%
27%
27%
28
13,681
57%
35%
74%
22 34
36%
57 34
36
76%
23%
36%
57%
35%
5S34
36
58 34
5834
5334
37
75%
23%
36%
23%
3534
74%
23%
3734
36
74%
58
35 %
74
7434
23%
37%
76%
25%
37%
4,720
5,120
68,616
3,070
7,575
23%
*21%
23
36%
170
170
170
170
170
200
36%
95
Jan.
6 100:,4 Jan.
4
Jan.
74
48% Jau. 12
4
25% Jan.
3
15 ,-Jan.
75
53 %
28%
lo
9 %
74 %
8
Jau. 12
6
69 % J an.
89
4
84
Jan.
89 %
4
83% Jau.
51
4
45
Jan.
20% Jan. 1 O 21
60% Jan. 10 G l
35% Jau. 3 38%
9734 Jau. 3 102%
35
6
33
Jau.
3 122
120% Jau.
4
86%
83
Jau.
4 135
128% Jan.
(j
107%
105% Jan.
4
5
Jail.
Jan. 11
4
Jan.
Jan.
0
5634 Jau. 6
35% Jau. 10
4
72 34 j an.
4
22
Jan.
4
34% Jail.
38% Jau.
79
170
26
20
3
9
Jan.
3
Jan.
Jau. 11
3
Jan.
3
Jan.
12
Jau.
9
Jan.
J au. i 3
15%
18
*21
23%
21 %
Panama, Trust Co. certificates.
t„
Peoria Decatur A Evansville.-.
35 *9 36
65 »4 67*2
134
134
Philadelphia A Reading
Pittsburg Ft. W^ajme A Chic
Rensselaer A Saratoga
Rich.A Allegli., stuck trust ctfs.
3934
Richmoud A Danville
Richmond A W’est Point
Rochester A Pittsburg
Rome Watertown A Ogdensb’g
St. Louis Alton A Terre Haute.
Ho
pref.
183
37
181
180
20
83*2
88*2
90%
38%
182
46
47 *2
17*2
17%
46 %
17
35%
181
153
37
33%
183
158
180% 182
151 % 155
25% 25%
25%
2634
30%
65 34
36
187
160
27%
90%
58% 58%
104% 104%
58%
105
58%
105
105%
41
40%
58 34
41
58%
58%
105% 105%
105
36
07%
36%
69%
3534
68%
36%
69%
42*2
42*2
42
42
10634 107*s 105*2 107%
% 106%
48% 49%
American
United States
*75
129
77
129
*76
*128
Consolidation Coal
*37
Homestake
*15
39
16
*15
Wells, Fargo A Co
COAL AND MINING.
*1*2
*
*19
*33 *2
12
35
1*4
4
21
1%
k
20%
Standard Consol. Mining
Cameron Coal
17*2
34%
12%
58*8
17%
Central Arizona Mining
Dead w ood Mining
Hxeelsior Mining
New Central Coal
Robinson Mining
Silver Cliff Mining
Stormont Mining
*130
1%
*5
*%
*18
5*2
*5
1
*2
19%
58
*2*4
21
2%
*12%
67%
17
1%
2%
133
41% 42%
134
134
93
77
149
93
76
130
*127
*15
*1 %
8
»
1%
2 *
35
14
*33%
*12%
34%
13
%1
2%
58
58
17
17
1%
*5
*%
19
‘2%
1%
5%
%
19%
2%
*1%
*
.
*19
36
16
134
433
6,605
56,295
44%
16
1,855
43,650 114
1,600 41 Jan.
8,915 105% Jan.
1,054
4434 Jan.
Jan.
1,587 130
39% Jan.
13,215
2,388 129% Jan.
42
133
1
76%
78%
78%
"22
12%
68
14
34
59%
16%
*%
34%
13g
5%
c 34
*2%
2%
1%
*5
36
*15
13>
148
16
134
21
*13
59
15%
61%
15 :U
37
37
*!•%
*5%
*%
1%
7
%
2%
2i2,597
80
149
36
*15
36
15%
8434 126%
42
23
Jan. 13
Jan. 13
34%
62%
34
65%
4
18% 3934
5 118
131
13
102
63
Jau.
Jau. 13 130% 155
6 96
Jan.
130%
Jan.
3934
S4% Jan. 13
80%
28
20
450 145
652 92 %
76
591
131 128
600
300
Jan.
Jan.
Jau.
Jau.
Jan.
34 %
14
61
62
7,500
10
16
2,902
800
*1%
1%
*5
7
%
*%
*2
20
2%
650
1,300
900
1,370
1 Lj,vj.i.priceis ex-dividend.
60
83
200
57%
7434
142
146
80
171
174%
50
50%
77%
14334
55
81%
115%
42%
89%
11334
73%
38
131*4
60
90%
74%
31
35
67
89% 115%
49
190
'
4
1% Jail. 12
12
57
14
31
13%
61
153
6 149% Jan. 10 120
5
9334 Jau. 11 62% 98
3 51% 79
Jan.
Jau. 10 77
142
5 112
6 130% Jau.
Jan.
J an.
1% Jau.
600
*33 %
88%
37%
JAn.
36% Jan. 12
20
20
64%
30
9 134
13 39
62%
151
5 120
3
2%
%
94
13 77
9
100
*18
70
9734 126
18
37%
6
Jau.
35
53
32 34
21
35
Jau. 13
Jan. 13
Jan. 10
Jau.
52%
96%
164% 190
25% 43%
23% 26%
3
Jan. 13
6
Jau.
5834 Jan. 11
9
37
Jau.
76% Jau. 13
25 % J au. 13
3734 Jan. 12
170% Jan.
Jan.
54
114%
85
4234 Jan. 13
4 38
3
45%
9 107%
4
49%
6 134
3 42%
3 135
1
1
Jan.
3
76% Jau. 10 80
35
64%
30%
70%
Jau.
4
20
2%
900
*76
129
w
*19
42%
133
1
92%
77%
130%
92%
36%
104 38
30
70
110
45%
10G34 107%
1
40
43
41%
1
88%
15
93
3
21% Jan. 3
3
64
6
75
Jan.
0 190
Jau.
6 195
3
36% Jau. Id
27%
Jan. 12 67% Jau. 7 50
3 127
Jau.
7 134% Jau.
130
5
Jan.
35
Jau. 13 40
Jan. 13 99%
4 187
Jan.
5 122
Jau. 10 183% Jau.
Jan. 11 27% Jan. 13 22
3
22
3 20
Jan.
Jan.
42
Jan. 10 39
Jau. 10
9
85
7
90% Jan.
Jau.
5
Jan.
41
39
5
J an.
3 55
6 60% Jau.
Jan. 9 105% Jau. 11 90
4
Jan.
30% Jau. 4 26
6 70
6 70 " Jan.
Jau.
3 11334 Jau. 12 88%
Jau.
Jan. 4 49 % Jan. 13 41%
4
Jan.
17% Jan. 7 15
4 119% Jan. 13 105%
Jan.
4
Jan.
37% Jan. 13 33%
Jau. 3 70% Jau. 13 04%
15,032
95,465
133%jl33%
41%
"
24
6
41
Jau.
Jau.
Jau.
37%
70%
49%
134
134
4
12%
These age the prices bid and asked—no sale was made at the Board.
*
149% 146% 146%
9334
93% 93%
*76
77
77
*129
130
130
*33
36
21
20
1
78 *
77
148
93
93
77
76%
*128
130
*33
41%
135
149%
-19
1%
5%
41%
*
78%
20%
57%
17%
49
133
1
76%
150
35
16
1%
4
49
133
134
42% 42%
106% 106%
20
42
2,005
700
4134 42 %
106% 1063*
63%
134
9
Jau. 13
Jau. 11
J an. 11
Jau.
36%
68%
36
105
47
47
48
49%
134
132*2 132% 134
41
41
41%
41%
133
135
133% 134
1
*%
783s 79%
77% 79
*146
147*2 149
93*4 93*4 *91
48
1634
11634 117% 116% 11734
35% 36%
353, 36%
67% 68%
6734 68%
116% 117%
35% 36%
67% 63%
36
Adams
46%
113% 1133,
4734 49%
16 % 16 %
11734 119%
113% 11334
46% 4734
17% 17%
16%
..
EXPRESS.
i'11% 1*13%
11134n2%
47%
46-% 47%
”
3,950
33%
3,100 179
5,625 150
2,800
24%
23
100
200
310
42
40%
58 34
48;400
229
134
20
17%
116% 117%
II534 117
Pacific Mall
Pullman Palace Car
Sutro Tunnel
WesLUniou Tel., ex-certificates
64%
134
37%
180
150
15034
180% U50
65%
134
*36
182
63%
66%
110
Oregon Railway A Nav. Co
*
65%
il034 i'11%
110*2 110%
pref.
pref
36
*35
134
104% 104%
miscellaneous:
Do
3G
66%
37*%
37
180
..
..
Mining
Little Pittsburg Mining
Mariposa Land A Mining
Maryland Coal
Ontario Silver Mining
Quicksilver Mining
35
65%
42
Union Pacific
Wabash bt. Louis APaclfic....
American Histrict Telegraph
Colorado Coal A Iron
Delaware A Hudson Canal
New York A Texas Land
67
24%
Ho
pref.
Ho
1st pref.
Bt. Paul A Huluth
Ho
pref
Bt. Paul Minneap. A Manitoba.
Texas A Pacific
Toledo Helpfios A Burlington
Ho
35 34
65
134% 134%
40
183
180*2 18134
St. Louis A San Francisco
.
35a4
790
67
50 195
2,900 34
117%
59%
59%
7734 126
*
*22
110%
Jan.
5
7
Jau.
3
Jau.
Jau. 11
11
Jan.
1% Jan. 4
5
5
Jau
0
% Jan.
19
Jan. 10
2% Jan. 9
5
2 34 Jau.
20 % J an.
14
62
1734
37
1%
5
»4
20
9
Jan. 13
Jan. 13
Jan. 4
J an. 12
Jau. 4
5
Jau.
J an. 3
9
Jan.
2% Jan. 10
2'‘4 Jau. 5
30
14
1%
43
29%
%
1734
32%
9
35
38%
12
53
21%
8%
1734
75%
27
25
45%
1
7
14
7
35%
4
%
18
2
13%
2%
7
1%
4
January
QUOTATIONS OF STATE AND
_
6s,
6s,
6s,
6s,
|
68*2
67*4
62
loan,
loan,
loan,
loan,
Railroad Bonds.
1st
95
94*2
AND
BONDS
cons.
117
5s
-
l’ZO
106*4,
4106*2
118
Consolidated 6s, 1911...
107
Tiinrt, , 1. gr., 7s
1st mort., West. Div.,
1st mort.,Waco & N.,
110*2
1 st
Miss.R.Br’ge—lst.s.f. 6s
;.i
104
C. B.&Q.—8p.c., 1st rn.,‘83 103
Consol mort., 7s, 1903.. "126*2 127
5s, sinking fund, 1901..
Iowa Div.—S.F.,5s,1919
121
Ohio & Miss.—Consol, s. f.
Consolidated 7s, 1898...
2d consolidated, 7s,1911
1st m., Springfield Div..
Ohio Cent.—1st, 6s, 1920.
1
1st m., Ter’l Tr., 6s, 1920
i
1st Min’l Div.—6s, 1921
Ohio So.—1st M., 6s, 1921.
.j
.
..
1st mort., 3-4-5-6s, 1909
2d mort., 3-4 5-6s, 1909.
134
121
......
4120
118*2 120
118*2
4
119*2
123*2 127
......
119
U02
iisv
1
103
95
103
114 *y
103*2
108
94*2 96
96
110*2
103
......
......
133
103
99*2
......
123
4123
i’o’i
4
4
101*2
......
103
120
......
......
......
i‘07*2
90
125
3s
1 080
Leban’n-Knox.—6s,1931
L. Erie & W.—1st, 6s. 1919
Sanduskv Div.. 6s, 1919.
Laf. B1.& M.—1st, 6s, 1919
Louisv.N.Alb.&C.—1st,6s
7s of 1871-1901...
lstm.,consol., guar.,7s
Del.&H.C.—lstm./7 s, 1884
1st mort., 7s, 1891
1st mort., ext., 7s, 1891.
1st mort., coup., 7s, ’94.
1st mort., reg., 7s, ’94...
1st, Pa. Div., cp.,7s,1917
Reg., 7s, 1917
Alb. & Susa.—1st in., 7s
2d mort., 7b, 1885
1st,cons., guar.7s,1906
"
Hens. & Sar.—1st. coup.
1st mort., reg., 1921 ...
Denv. & Rio Gr.—1st,19001|
^
-
Extens’11,1st, 7s, 1909
Mo. Pac.—1st consol., 6s
3d mortgage, 7s, 1906.
Pacific of Mo.—1st, 6s
2d mort., 7s, 1891
St, L.& S.F.—2d, 6s, cl.A
106*2
Om.Div.—1st mort., 7s 113
Clarinda Br.—6s, 1919 4
St. Chas. Br.—1st, 6s..
120
No. Missouri—1st, 7s.
West.U. Tel.—1900, coup.
1900, reg
N.W. Telegraph—7 s, 1904
......
92*2
4102*2
110*8
..
109
115
90
92
X
+
11334
102
100
120 V
118*3
105*3 106
102
100
73*2
104
*7*5**
75
*7*3*’ “80 *
55 34
56
37**
65
69*2
70
49134
73 V
89 V
m
Col. Ch.& I. C.—1st, cons
1909
1st, Tr’t Co. ctfs., ass’d
2d, Tr’t Co. ctfs., ass’d
1st,Tr’t Co.ctfs.,suppl.
Ricli.&Danv.—Cons.g., 6s.
Too *2
St. Louis & I. Mount.—1st
2d mort., 7s, 1897
Arkansas Br.—1st mort.
Cairo & Fulton—1st m..
Cairo Ark. & T.—1st m.
98
iio*
100
100
10134
81*4 82*4
7188
_
......
103
Long Island—1st mort..
i*0*2*‘
"72*2
1st, Dayt. Div., 6s, 1910
1st, Ter’l trust, 6s, 1910
W. St. L. & P.—Gen. m., 6s
Chic. Div.—5s, 1910
Hav. Div.—6s, 1910
Tol.P.&W.-lst, 7s,1917
Iowa Div.—6s, 1921
N.Y.&G’nw’d L.—1st,7s,n
2d mort
97 V
11634 117 V St. Joseph & Pac.—1st m.
2d mort
109*8 109Vi
St. Jos. & West’u—Stock.
4110
Tex. & St. L.—1st, 6s,1910
10834
Wis.Cent.—1st series, new
108
—
.......
......
105
105
100
2d series, new
...
105 V
106
......
i07*4
85
...
95
88*2
_
Detroit Div.—6s, 1921..
Cairo Div.—5s, 1931. ...
&W—1st,ext.,7s
1st, St. L. Div., 7s,1889
2d mort., ext., 7s, '93..
Equipin’t bonds,7s, ’83
Tol.
Consol., conv., 7s,1907
t No price Friday—these are
40
Va. State—Now 10-40s...
Atl. & Gulf—Cousol.7s,’97 4108
109*2
Atl.& Charlotte—1st, 7s..
90
Income, 6s
81
Stock
95
Car. Central—1st, 6s, 1923
Cent. Ga.—Consol, m., 7s. 115
135
Stock
Charl’te C.&A.—2d m.,7s. 108
68
Stock
6s.
Mempli.&Char.—1st, cons.
91
To'T'
110
107*2
85
28
116
113
55
15
90
30
8*2 11
75
83
78
SO
49*2 50
88*2 E. Tenn.Va. & Ga.—1st, 7s 4113
4112
85
Georgia Railroad—'7s
96
110
90 34
85
(Broker's Quotations.)
100*2
100
80
75
80
22
112
110
50
13
85
25
Southern Securities
Ind’polis Div.—6s, 1921.
Wabash—Mort. 7s of ’09
.
2d mort
108*2
Tol. Del. & Bur.—Main. 6s
......
100
Oin.Ind.St. L.& C.—1st,6s 4
Galv.H.& Hen.—7s, g.,’71
Kansas & Neb.—1st mort..
2d mort.
Belloville&S.lll.—1st m.
St.P.Minu.& Man.—1st,7s
2d mort., 6s, 1909
115*4
^
(Broker's Quotations.)
oi
110
106
120
2d, 6s, 1921
Tex.Cen.—1st,s.f.,7s, 1909
.
' Tex.&St.L.—L.g.,inc. 1920
Miscellaneous List.
108
111*2
.
Plain Income 6s, 1896..
Sterling Mtn. R’y Inc.,’95
St.L.A.&T.H.—Div. b’nds
Tol.Del.&' B.—Ine.63,1910
Dayton Div.—6s, 1910..
iis"
120
98
1st, 7s, pref. int accum.
2d, 6s, int. acc’tnulative
135
7s, ’94
Dakota Ext.—6s, 1910
St. P. & Dul.—1st,5s,1931
So. Car’a R’v—1st,6s,1920
St. Louis I. Mt. & So.—
125
85
..
105
......
j
Tl2
84
116
2d mort., income,
Peoria D. & Ev.—Incomes
Evansv. Div.—Inc.,1920
iso i St’gl.&R’y—Ser.B.,iuc.’94
113
St.L.Alton& T.H.—lstm.
2d mort., pref., 7s, 1894.
Gen.c.r’y& l.g.,5s, 1931..
......
107
V'
1*4*6*‘1
i‘0‘234
46*
99*2 Roch. & Pitts.—Inc., 1921
1
S. Caro. R’y.—Inc. ,6s, 1931
133
101
45
j Ogdensb.&L.C.—Inc.1920
Ch.—1st, p.,7s,1897 1
Inc., 1900
Scioto Val.—1st, cons., 7s.
Atl. &
98
74
89
3d pref. debentures
4th pref. debentures
N.Y.LakeE.&W.—Inc.6s.
j
i*02
130
iis"
M
Mil. L. S. & W.—Incomes.
N. Y.P.& O.—1st inc.ac.5-7
N.O. M.& Tex.—Deb.scrip
Ohio Cent.—Income, 1920
||
Min’l Div.—Inc. 7s,1921
Ohio So.—2d Inc., 6s,1921
i'37**
107;*s Rome W.&Og.—Con., 1st.
92
+
j
St.L. V.&T.II.—lst,g.,7s 4117
2d mort., 7s, 139S
2d m..guar., 7s, 1898.
103
97*2
V
92 *4
......
Clev.&Pittsl).—Cons.,s.f
4th mort., 6s, 1892
2d con., 7s,
490
Sand’ky Div.—Inc., 1920
Laf.Bl.&Mun.—Inc.7s, ’99
Mob.&O.—1st pref.deben.
2d pref. debentures
“95” "98*'
4*231st c.
Registered, 1921
Pitts.Ft,W.& Ch.—1st
2d mort., 7s, 1912
3d mort, 7s, 1912
1
108
1st,Rio G.Div.,6s,1930
Pa. Co’s guar.
Trust Co. certificates...
Roch.& Pitt.—1st,6s,1921
Rich.& All’g.—1st,7s, 1920
..
4 And accrued interest.
Naples—1st, 7s
St.LiK.C.&N.—R.e.,7s
96 34!
96
109*2
104*2
100
Ill.&S.I.—1st, 7s, 1882
Han.it
1
Pennsylvania RR—
2d, 6s, 1901
102 34
123 V P24V N. Y. Central—6s, 1883
10934
103*2 104*2
6s, 1887
♦102
113
4112
6s, real estate, 1883
114
4
6s, subscription, 1883.. 4102
118
N. Y. C. & H.—1st m.,cp. 4132*2
117
1st mort., rog., 1903 ..
133*2
118
^
109
Iluds. R.—7s, 2d, s. f.,’85
130
96*2
Canada
96*s
127
So.—1st, iut. gu.
135
Harlem—1st m., 7s, cp..
iis
1st mort., 7s, reg., 1900
107*2
124
12434 N. Y. Elev’d—1st, 7s, 1906 115
N.Y.Pa.&O.—Pr.l’n,6s,’95 100
103
Q. & T.—1st, 7s, 1890. 4102
*08“ Spring Val. W. W.—1st, 6s
Panama—S.F. sub.6s,1897 4
103*2 Oregon RR.&Nav.—1st,6s
Peoria Dec. & Ev.—1st, 6s
Evans. Div.,1st, 6s, 1920 ioo
INCOME BONDS.
113*4 113*2
Pac. RRs.—C.Pac.—G.,6s.
10S v (Interest payable if earned.)
San Joaquin Branch.. 108
Ala. Cent.—Inc. 6s, 1918.
Cal.& Oregon—1st m.. ll03 *2
Atl. & Pac.—Inc., 1910..
State Aid bonds,7s,’84
106
i'OGV Central of N. J.—1908....
Land grant bonds, 6s.
111
Chie.St.L.&N.O.—2d,1907
West. Pac.—Bonds, 6s 109
Col.Cliic.&I.C.—Inc.7s,’90
So. Pac. of Cal.—1st, 6s. 104*4
Cent. Ia.—Coup.deb.certs.
Union Pacific—1st mort. 114 V
115
Land grants, 7s, ’87-9. 113*2
Chic.St.P.&M.—L.g.me.Os
Sinking funds, 8s. ’93 122*4 123*2! Chic. & E. Ill.—Inc., 1907
123
Des M&Ft.D.—1st,Inc.,6s
Registered 8s, 1893...
109
Collateral trust, 6s— ioo
E.T.Va.&G.—Inc.,6s,1931
115*8 Eliz.C.&No.—2dlnc.,1970
Kans. Pac.—1st, 6s,’95 4
i
109 *2
G’ BayW.& St.P.—2d,Inc.
1st m., 6s, 1896
109
lnd.Bl.&West.—Inc.,1919
Den.Div.,6s,ass’d,’99 108
Ind sDec.&Spr’d—2d inc.
1st cons., 6s, 1919... 103*2
Trust Co. certificates...
Cent. Br. U. Pac.—1st,6s 100
Int. & Gt. North.—2d Inc.
Funded coups., 7s, ’95. 100
'97
2d assented, 6s, 1909—
Atch.C.&P.-lst,6s,1905
100
At. Jew. Co.&W.—1st.6s 4
Lehigh & W.B.Coal—1888
108
106
Lake
E. &W.—Inc. 7s. ’99
Utah So.—Gen., 7s, 1909
101
102
103
100 *2 101
124**2
113*a ii4
91
96
91*2
Pits.B’d.&B.—1st, 6s, 1911
-
75
N. Y.C.& N.—Gen.,6s,1910
N.Y.& New Eng.—1st, 7s. 4110
l
1st m.. 6s. 1905
+
109
104
Gt. West.—1st, 7s. ’88.
2d mort., 7s. 1893 ...
122*2!
X
Income & I’d gr., reg.
......
......
121*4
9 6 34
Consol., 6s, 1905
101
90*«
124 V 125
103
104*2
......
119
W.St.L.&P.—Continued—
I
99*8
103*8
118V!
117*2':
122
|
So. Pacific of Mo.—1st m 102 34
Tex. & Pac.—1st,6s,1905 4106
452
115
♦
90 V
103
117
3-6s, class C, 1906
3-6s, class B, 1906
1st, 6s, Peirce C. & O.
Equipment, 7s, 1895..
101
Manliat.B’ch Co.—7s,1899
N.Y.& M.B’li—lst,7s,’97
Winona & St. P.—1st m. 1063s
1 sf. mort,., sterling
119
2d mort., 7s, 1907
110
Mil.& Mad.—1st,6s, 1905 4
Metrop’lit’n El.—1st,1908
2d mort., 6s, 1899
C. C. C.& Ind’s—1st,7s,s. f. 124*2
122
125
Consol, mort., 7s, 1914..
Mich.Cent.—Con.,7 s, 1902
1st mort., 8s, 1882, s. f..
C St.;L.&N.O.-Ten.lieu,7s 4115
4115
lstm., con., 7s, 1897
Equipm’nt bonds, 8s,’83
983s 9834
C. St. P.M.& O.—Cons., 6s
6s, 1909
Coupon, 5s, 1931
C.St.P.&M.—lst,0s,1918 108 34 no j
No. Wise.—1st, 6s, 1930.
Registered, 5s, 1931 —
109
Jack.
Lan.& S—6s, 1891
V
St.P.&S.C.—1st, 6s,1919 4
104
Chio.& E.J11.—1 st,s.f.,cur. 101
Mil.&No.—1st,4-5-6s,1910
|
Col.& Green.—1st,6s,1916 4-.:-. 103*2' Mil. L.S.&W.—IstOs, 1921
93
Mo. K. & T.—Gen.,con.. 6s
488
2d, 6s, 1926
Del. L. & W.—7s, conv. ’92
Cons., assented, 1904-6.
2d mort., income, 1911..
Mort. 7s, 1907
4127
122
H. & Cent. Mo.—1st,’90.
Syr.Biug.& N. Y.—1st,7s 138
Mobile & O.—New in., 6s.
Morris & Essex—1st m.
2d mort., 1891
117
Morgan’s La.&Te.x,lst,6s
Nasli.Chat.& St.L—1st, 7s
Bonds, 7 s, 1900
•
91
N.O.&Mob.—lst,6s,1930
E. H. & N.—1st, 6s, 1919 100
101*2
Gen’lmort., 6s, 1930.. 101
105
Pensacola Div—6s,1920 4
10734
St, L. Div.—1st, 6s, 1921
Nasbv, .t. Tier,.—1st, 7s
S
TST Ain
Sf Os 1010 4
U0*o
mo
113*2
122
90
92
80
80*2
102 *2 105
50
Lake Shore & Micb. S.—
Mich. So. & N.I. s.fd. 7s 108
Clove. & Tol.—Sink. fd.. 10 < *2
New bonds, 7s, 1886.. 108 *2'
Cleve. P. & Ash.—7s— 112
Buff. & Erie— New bds.
Buff. & State Line-7s.. 4100
Kal. & W. Pigeon—1st . 4105
Dot,M.& T.—1st,7s,1906 4120
Lake Shore—Div. bonds 122 -*4
Consol., coup., 1st., 7s 4130
Consol., reg., 1st. 7s... 127
Consol., coup., 2d, 7s.. 125
Poil-sm reg , 2<i, 7 s
Louisv..& N.—Cons,7s,’98 122
2d mort., 7s. gold, 1883. 101
Ceeilian Br’ch—7s, 1907 4110
20 ninrt.
registered
r
.
4110
Chicago & Mil.—1st m..
)
small
Ti434i
108
7s i 114
122
114 V Indianap.D & Spr.—1st,7s
107 *2 108
2d, 5s, 1911
110
1073,
Int.&Gt.No.—lst,6s gold
Cnnnnii Os
1000
100
j.
Am. Dock & Im.—Ass’d.
Iowa Midl’nd—1st m., 8s
Galena & Chic.—Iixteu.
Peninsula—1st m., conv.
115
106
7s
2d, consol., main line, 8s
2d, Waco & N., 8s, 1915
114*2!
5s, 1921
:...
C. M. & St. P.—1st,8s,P.D.
1
.....
124
105
118
6s, 1917, registered
Keo.& Des 51.—1st, g.,5s
Central of N.J.—1st m.,’90
1st consol., assented, ’99
Conv., assented, 1902...
Adjustment, 7s, 1903...
Leli.&W B.—Con.g’d.as.
Do
Do
Oregon&Cal.—1st,6s,1921
Too'
106 *15
108
99
Ill.Cent.—Dub.& S. C., 1st
125*2
Dub. & S. C., 2d Div., 7s 110
l
Ced. F. & Minn.—lstm.
i Ind.Bl.& W.—1st, pref., 7s 4
87
124
Iowa Div.—S.F.,4s,1919
C. R.I.& P.—6s,coup.,1917
130
OS'
i is
......
Registered
Funding 5s, 1899
1
103
jNorf.&W.—G.l.m.,6s, 1931
vs 128
90
3-Oos, 1924
Small bonds
j
110
iistrict of Columbia—
MISCELLANEOUS SECURITIES.
107
G. BavW. & St, P.—1st. 6s
Gulf Col. &S. Fe 78,1909
Han. & St. Jos.—8s, conv.
2dm. (360), 7s, 1898..
2d, guar. (188), 7s, ’98.
j
|
.
102*2 10334 jNevadaCent.—1st m., 6s.
114
113
! N. Pac.—G.l.gr.,lstcou.6s
77*2 78 V i Registered 6s, 1921
N. O. Pac.—1st, 6s,g.,1920
491
Pac.—1st,7s
5th mort
iis
......
St. L. Jack.& Ch.—1st m
1st, guar. (564), 7s, ’94
8
84
7»4
80
80
Ohio—
......
J diet & Chicago—1 st in.
La. & Mo.—1st m., guar.
2d mort., 7s, 1900
_
.
8
1
109
pvt., 7s, 1888
1st,consol., gold, 7s,1920 129*2
Long Dock bonds,7s, ’93 4
BuftNY&E
1st 1916 121*2
N.Y.L.E.&W.--New2d,6
102
1st, consol., fd. cp., 7s.
81V 82*2
2d, consol., fd. cp., 5s. 494
52*2 54 j
Buf. &S.W.— M.ts, 1908
1 Ev. & T. H.—1st cons., 6s
497
119
102
404*2' Fl’t&P. Marq.—M.6s, 1921 4
104
112
Gal.Har.& S.Ant’o—1st,6s
«.
Trices nominal.
class 2
class 3
Consol. 4s, 1910
Small
Do
Do
Os, coupon, 1893-99
Erie—1st mort., extended.
2d mort., ext’d 5s, 1919.
3d mort., 7s, 1883
......
1st, consol., 7s, 1910
Special tax, class 1, ’98-9
Eliz.C.&N.—S.F.,deb.c.6s
1st mortgage, 6s, 1920.. 4106*2
Balt.&O.—1st, 6s, Prlc.Br.
68
67
Boat. H. & E.—1st mort..
100*4
Bur. Ced. R.& No.—1st, 5s 100
Minn.& St. L.—lst,7s,gu 120
Iowa C.& West.—1st, 7s
C.Rap.Ia.F.& N.—1st,6s 1105*2
115*2
Central Iowa—1st, 7s.’99
....
Do
A.&O
Chatham RR.
6s, Act Mar. 23, 1869
10*4 12
non-fundable, 1888..
Brown consol’n 6s, 189
\02
Tennessee—6s, old, 1892-8
6s, new, 1892-8-1900
6r, new series, 1914
Virginia—6s, old
6s, neW, 1866.
6s, new, 1867
6s, consol, bonds
64*2
6s, ex-matured coupon. J
47*2’
6s, consol., 2d series
17
17*4
6s, deterred
6s, 1886
Rhode Island-
E.T.Va.&Ga.—Ist7s,1900
(Stock Exchange Prices.)
2dm., 7 3-10, P. D., 1898
lstm.,7s, $ g., R.D.,1902
lstm., LaC. Div., 1893..
1st in., I. & M., 1897....
lst m., I. & D., 1899
lstm.. C. & M.,1903....
Consol. 7s, 1905
2d mort., 7s, 1884
1st, 7s, I.& D. Ext., 1908
S. W. Div., 1st, 6s, 1909.
1st, 5s, La.& Dav., 1910.
IstS. Minn.Div..6s, 1910
lstm., II. & D., 7s, 1910
Ch.& Pac. Div., 6s, 1910
1st Chic.& P.W.,5s,1921
Min’l Pt, Div., 5s, 1910.
C.& N.west.—S.f, 7s, 1885
Interest bonds, 7s, 1883
Consol, bonds, 7s, 1915..
Extension bonds, 7s, ’85
1st mort., 7s, 1885
Coupon gold, 7s, 1902...
Reg., gold, 7s, 1902
Sinking fund, 6s, 1929..
Sinking fund, reg
Sinking fund. 5s, 1929..
Sinking fund, reg
111*2
South Carolina—
30
/
RAILROAD
Char. Col. & Aug.—1st, 7s
Cheasp. & O.—Pur.m’y fd.
6s, gold, series A, 1908.
6s, gold, ser. B, int. def.
6s, currency, int. def ...
Chicago & Alton—1st m..
Income 7s, 1883
Sinking fund, 6s, 1903..
!
bonds, J.&J., ’92-8
New
Ask.
30
135
135
115
115
11
11
20
20
5
8
8
J.&J. 1
A.&O.
1868-1898.
Do
109
1883
1891
1892
1893
Deuv. S0.P.&
Ala. Central—1st, 6s, 19lS
Atch. T. & S. Fe-4 *2,1920
Atl’c & Pac.—1st,6s, 1910
A.&O
coup, off,
coup, off,
;
Funding act, 1866-1900.
108*21
’
108*2'
116
106*2
107*2 108*4
114*2
Hannibal & St. Jo.,’86. 101
Do
do
’87.1 101
New York—
I
6s, gold, reg., 1887—
Os, gold, coup., 1887 ..
10HV
.
100
6s, due 1882 or 1883...
6s, due 1886
!
6s, due 1887
;
6s, due 1888
1
6s, due 1889 or 1890 ....1
AsjTm or Univ., due ’92
Funding, 1894-’95
37*o
27 *o
30
24
23
12 V
103
108
I
1899-1900...
7s, L. Rock & Ft. S. iss.
7s,
L.Rock RR
7s, L. It. P.MN.O.Btt
7s, Miss. O. & R. R. RR.
7s, Arkansas Cent. RR.
Connecticut—6s, 1883-4..
Georgia—6s, 1886
1
7s, new, 1886
78, endorsed, 1886
7s, gold, 1890
Louisiana—
7s, consol., 1914
7s, small
Do
Do
Do
Missouri—
3 82*2
6s, 10-208, 1900
Arkansas—
6s, fundedr
6s, old, A.& O
No. Carolina RR., J.&J.
6s, 1883
7s, 1890..
81*8
1906 —
A, 2 to 5, small
B, 5s, 1906
C, 4s, 1906
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.
Bid.
Michigan—
Alabama—
Class A, 3 to 5,
Class
Class
Class
BONDS
RAILROAD
AND MISCELLANEOUS SECURITIES.
STATE
BONDS.
SECURITIES.
Ask.
Bid.
SECURITIES.
55
CHRONICLE.
THE
14,1882.]
_
ios
1st, consol., Tenn. lien..
Miss. Central—1st m., 7s.
2d mort., 8s
N. O. & Jackson—1st, 8s.
Certificate, 2d mort., 8s.
Northeast.,S.C.—1st m.,Ss
2d mort,, 8s
104*4 10534 Southw. Ga.—Conv. 7s,’S6
i03 *2 ios”
Stock
Western, N.
latest quotations made this week.
%
»•
C.—1st, 7a...
tl06
110
114
101
107
108
116
120
110
107
125
104
lio
110
95
82
100
117
140
no
70
117
....
....
114
105
110
111
120
....
i’07
II
56
THE CHRONICLE.
New York Local Securities.
Quotations
Insurance Stock List.
No. 7 Pine Street.]
PRICE.
Par.
Marked thus (*) are
not National.
V**
Butchers’ & Drov’rs’
Central
Chase
Chatham
Chemical
Citizens’
City
Commerce
Continental
Corn Exchange*
East River
Eleventh Ward*
Fifth
Fifth Avenue*
First
Fourth
Fulton
Gallatin
German American*.
German Exchange*.
Germania*
Greenwich*
Hanover
Imp. and Traders’...
Irvine
TslM.nd
150
125
10U
Broadwav
<>•
Leather Manul’trs’.
Manhattan*
Marine
•
Mechanics’...'........
Mechanics’ Assoc’n.
Mechanics’ & Tr’drs’
Mercantile
I American
Merchants’ Exch’ge
•
Mount Morris*
150
126
City
Clinton
Columbia
Commercial
Continental
Eagle
Empire City
Exchange
150
127
Farragut
....
»
•
•
®
0
•
•
•
...
•
120
•
•
•
1234
135
lfC
r
92
t
t
-
....
....
«
T
-
■
133
235
-
-
f
1364
....
-
North River*
Oriental*
Pacific*
Park
People’s*
Phenix
Produce*
Republic
St. Nicholas
Seventh Ward
8econd
Shoe and Leather.
Sixth
State of New York..
Third
.
Tradesmen’s
Union
United States
West Side*
100
100
100
100
100
100
70
SO
25
50
100
25
20
50
100
100
100
100
100
100
100
100
40
50
100
100
Firemen’8
Firemen’s 'Trust
Franklin & Kmp....
German-American..
Globe
Greenwich
Guardian
Hamilton
Hanover
H oilman
Home
importers’ & Tr’d’rt
Irving
1434
Jefferson
149
Kings County (Bkn.)
Knickerbocker
142
133
144
A10
Lamar
Lenox
Lone Island (B’klyn)
Loriliard
Manufac’rs’ & Build.
Manhattan
Mech. & Traders’...
Mechanics’ (B’klyn).
Mercantile
Merchants’
Montauk (Brooklyn)
Nassau (Brooklyn)..
National
New York Equitable
New York Fire
New York & Boston.
New York City
120
100
....
.
ICO
•
•
•
.
.
....
110
...
123
#
.....
.
..
•
•
102
•
105
161
110
iio
Niagara
North River
Pacific
104
Peter
144
121
Phenix
Relief
....
124
100
Cooper
People’s
1244
120
Republic
Rutgers’
Standard
Star
Sterling
Stuyvesant
Tradesmen’s
110
153
United States
Westchester
....
Williamsburg City..
....
155
110
(180
205
2)0
130
125
115
210
250
240
93
125
95
-
•
.
120
;Pl
165
i30
300
70
J 35
100
75
160
120
98
70
160
210
,55
110
60
70
120
05
M0
103
145
155
80
122
120
260
120
145
110
70
70
10 3
110
210
120
200
120
l£7
90
8>
155
125
90
70
165
130
120
City Railroad Stocks and Ronds.
[Gaa Quotations oy ueorge H. Prentiss, Broker, 17 Wull
Street.]
Par.
Brooklyn Gas Light Co
Citizens’Gas Co
do
25
20
(Bklyn)
bonds
Harlem
50
20
50
100
500
100
Minhattan
Metropolitan
do
bonds
Mutual, N. Y
do
bonds.
1,000
Nassau, Brooklyn
do
„
25
scrip
New York
Va-.
100
10
Pej£ond8
(BrooklyD)
Bonds.
1,000
Var.
50
50
.
Central
of New
York
Williamsburg
do
bonds
1,000 1,000,000
100 1,000,000
100 3,000,000
.
Metropolitan, Brooklyn
Municipal
do
bonis
A.& O.
M. &N.
.......
750,000 M. &N.
Fulton Municipal...
Date.
’loo 1.500.0001
0
24
5
0
Nov., *81 124
Jan., ’82 X0O
1898
’78
Feb.
!05
93
126
024
110
Nov., ’81 114
115
Jan., ’70
42
107
95
70
72
194
.
.
jac.,
38
1397
105
1900 &c 90
July, ’80 60
Ort.. ’81
69
1900
101
’82
Jud.,
70
Dec., ’81 195
1863
105
70
73
200
110
75
[Quotations by H. L. Grant, Broker, 145
Broadway.]
*
Bleecker 8t. & Fult. Ferry—8t’k
100
1st mortgage
1,000
Broadway
& Seventh av.—St’k
1st mortgage
Brooklyn City—Stock
1st mortgage
Broadway (Brooklyn)—Stock..
Brooklyn Crosstown.—St’k....
1st mortgage bonds
Bnshwick Av. (B’klyn)—Stock.
Central Pk. N. & E. Kiv.—Stock
Consolidated mort. bonds
Christopher & Tenth St.—Stock
Bonds
Dry Dock E.B.& Batt’ry—Stock
1st mortgage, consolidated
Eighth Avenue—Stock
1st mortgage
42d St. & Grand St. Ferry—St’k
1st mortgage
Central Cross Town—Stock !"..!
1st mortgage
Honst.West St.& Pav.F’y—St’k
1st mortgage
Beoond Avenue—Stock
3d mortgage
Consol, convertible
!
Extension
Sixth Avenue—Stock
1st mortgage
Third Avenue—Stock
1st mortgage
..
Twenty-t h i rd Street—StookV!
1st
mortgage
Till# co.u
na
900,000
094,000
2,100,000
1,000 1,500,000
10 2,000,000
1,000
300,000
100
200,000
100
400,000
1,000
300.000
100
500,000
100
100
J. & J.
J. & J.
Q-J.
J.&D.
Q-F.
M.&N.
Q-.I.
A.&O.
3. A J.
J. & J.
1,800,000 Q-J1,200,000 J. AD.
1,000
100
650,000 F.& A.
250,000 J.&J.
1,200,000 Q-F.
500&C
900,000 J.&D.
100 1,000,000 Q—J.
1,000
203,000 J. & J.
100
748,000 M.&N.
1,000
236,000 A.&O.
100
600,000
1,000
200,000: M.&N.
1,000
100
100
500
100
1,000
1.000
OO&c
100
1,000
100
1,000
100
1.000
shows last dividend
7
34 Nov., 8E198
7
Nov., ’80! 102
3
Jan., ’82 160
2
7
Oct..
7
4
7
3
7
6
7
500,000: J & J.
1,199,500 J. & J
150,000 A.&O.
.
1,050,000 M.&N.
200,000 M.&8.
750,000 M.&N.
500,006 J. & J.
2,000,000 Q-F.
2,000,000 J. & J
600,0001 F. &A.
250.0001 M.& N
stocks, but the date
1898
|1024
100
Nov., ’81 220
June, ’931116
Jan., ’82«,2C0
Jan..
30
115
145
100
210
no
175
’81|150
1888
24 Jan., ’82 120
2
Jan., V2 130
7
Dec.1902; 118
24 Aug ,’81 95
250,0001
on
’8?!10104
.June
4^ioo
Nov., ’t?l 200
Apr., ’93 110
103
140
120
ICO
no
i io
210
115
iio
65
73
105
no
Jan., ‘82 140
Apr ’85. D3
Uct., ’80 108
Sept. .’89 140
143
,
Oct.
’81 260
July* ’90 110
Nor., ’81 200
July, ’90) 119
I Aug ,’81 150
May.
of
...
STOCKS.
954
AtchDon & Topeka
103^ 103*
Boston & Albany
Boston & Lowell
105
144
Boston & Maine.
Boston & Providence
Cheshire preferred
Chic. & W. Michigan.
27>4
Cln. Sandusky.A Clev
Concord
Connecticut lilver
Conn. & Passumpslc
19
Conuctton Valley
30
33
Eastern (Mass.)
Eastern (New Hampshire)...
133
Fitchburg
22
Flint & Pere Marq
93
do
pref
123
125
Fort Scott &
804
834
624
Iowa Falls & Sioux City
Lltue Rock & Fort Smith
Manchester & Lawrence....
Mar. Hough. & Ont
Mar. Hough. & Oat., pref...
Nahsua* Lowell
’93 105
iio
02* -03
169
...
do
pref..
Old Colony
Portland Saco & Portsmouth
134
Pullman Palace Car
Rutland, preferred
Revere Beach & Lynu
Vermont & Massachusetts..
Worcester & Nashua
Wisconsin Central
126
135
5?4
205s
....
1*15
155
112
maturity bonds.
20H
—
pref.
25
29
15
53
Huntingdon & Broad Top...
do
do pref.
Lehigh Valley
Little Schuylkill....
....
124
124
Pennsylv.,gen.
do
124
117
118
96
1034
95
112
1194
1054
9J
117
do
deb. coup,, P93*
do
cjup. off, 1693.
scrip, 1881
do conv. 7s, It. C., 1893*
do
7s, coup, off, ’9?
Phil.&R.Coal&ir’n deb.7s,92*
co
do
do
do
Rio Grande D v.
do
inc.&
cons.
121
1244 1254
113
imp.m.,63,g„ 0.1897
do gen. m. 63, g.. C.UO?
do In. in.,78,coup.,’896.
117
95
98
100
65
82
65
72
60
►
•
•
•
122
1(M
ibo
90
m.,6e,g.,l905
1. gr.,7s 1919
i04
iis
1194
1st m.
7s, ’99
1124
6s, 1909
Jersey & Atl. 1st m. 3s, cp.
1J2
Western Penn. RK. 6s,cn.’s>3.
do
6s P.B.,’96. 105
con?.
90
87
6s, 1883
Lehigh Navlga. m.,6s, reg.,’81
ICO*
204
do
mort. RR., rg .’97 1174
do mort. gold,’97
iii'4
do cons. m.7s,rg.,191! 1164 117
Morris, boat loan, reg., 1S85.. 117
ibo
Pennsylvania 6s,coup., ’910..
Schnylk. Nav.lst rn.6s.rg.,’97.
*S8
do
2d m. 6s, reg., 1907
-
•
.
,
##
t
•
•
•
r
,
.
BALTIMORE.
Maryland 6s, defense, J.& J...
....
f
624
.
.
624
55
60
604
57;-b
105
■584
59
*60
59
.
614
204'
324 -b2ihl
Pennsylvania
Philadelphia* Erie
Pniladelphla & Reading
....
Philadelphia* Trenton
Phlla.Wllming. & Baltimore,
et. Paul & DuiuthR.R. Com
do
do
pref. *69
184
United N. J. Companies
West Chester consol, pref....
■37
West Jersey
West Jersey & Atlantic
....
185
*41
.
434
..
prof...
j
•
•
L
•
Belvldere Dela. 1st m.,6s,l5U2.
do
2dm. bs. ’83..
do
3dm. 68,’87..
Camden &Anncv ts.i-uup.’si
do
13, o>
do
mort. 6s. ’89
Cam. * Atl. 1st ra. 7s, g., 1893
do
2d m. car. 7s, IC79..
do
tons., 6 p. c.
Cam. & Burlington Co. 6s,’97.
Catitwlsaa let, <s, conv.. *82.
120
....
IQ
ioo'
100
103
107
nsy
,
-
T
•
.
t
,
i 14 At
1034
i hi
t Per share
j
504:
•
•
•
•
104
1044
1064 108
114* 115
116
120
126
128
1204 1214
Par.
Balt. & Ohio
100 195
210
do
1st pref
123
do
2d pref
1184 125
do
Wash. Branch.100
do
ii
Parkersb’g Br..50
Northern Central
50 49* 504
Western Maryland
14
15
.50
Central Ohio, common
50' 42
RAILROAD STOCKS.
...
RAILROAD
Pittsb.*
RAILROAD BONDS.
Allegheny Vai.,7 8-106,1896...
do
7s, E. ext.,1910
do
Inc.7s, end.,’94.
6s, exempt, 1687
do
6?, 1890, quarterly..
do
5s, quarterly
Baltimore 6s, 1SS4, quarterly,
do
6s, .886, J.® J........
do
6s, 1890, quarterly...
do
6s, park, 1890, Q.—M.
do' 6s, 1893, M. & S
do
6s,exempt,’98.M.&8,
do
6s, 1900, Q — J
do
68.1902, J. &J
do
58,1916, new
Norfolk water, 8s
Balt. & Ohio
N. W. Va. 3d
43%
105
•
103
do
13M
Norfo.k & Western, pref
do
do
com....
North Pennsylvania
•
•
....
28
....
In default
1906
m. 6s, ep..l910
do
gen. m. 6s, rg., 1910.
do
cons.m. 6s, rg., 1905.
do
cons.in. Gs, cp., 1905.
do
do
53...,
Penn. Co., 6s. reg
do
do
443
<0
do
co p., 19:0
Perkmmen 1st m.6s,c<»up.,’8:
Phil.Wilm &Ba t.,4s,Tr.certs
Phila. & Erie 2d m. 7s, cp.,’88
do
cons. mort. 68.1920
po
do
5s,’920
Phila. Newt’11 & N.Y., 1st m.
PI1II.& R. 1st in.6s,ex.due I9i0
do
do
1910
do
2d m., 7s, ep..93.
do
cons. m..78,cp., 1911
do cons.m.6-s,g.iK<J19ll
103
103
CANAL BONDS.
do
pref
do
new pref
524
Delaware & Bound Brook.... 125
50
East Pennsylvania
40
Elmira & Williamsport
do
do
pref.. 58
71
Har. P. Mt. Joy & Lancaster.
*
....
do
103*
109
Cbes. & Del.. 1st m.,
Camden & Atlantic
ao
do
pref
Catawlssa
do
mi. 7s, coup.,’81.
fittsb. Titusv. & B.f Ts, cp.,’96
do
Scrip
Pa.& N.Y.C. & RR.7s,lS95
Uil Creek 1st
do
do
..
Lehigh N avlgation
Pennsylvania
Schuylkill Navigation
H94
gen. ra. 7s, reg., 190':
loan ts, reg...
new
No;f'k&Wcit.,gen. m.,6s.l:81 ibs
W.
....
do 4s, various
RAILROAD STOCKS.+
do
do
do
! Union & Titusv. 1st m. 7s, ’9C.
) United N.J. cons. m. 6s,’94..
! Warren & F. 1st m.7s,’96
West Chester conB. 7s, ’91
West Jersey 6s, deb.,coup.,’89
do
1st m. 6s, cp., ’96.
Philadelphia, 5s reg...........
do 6s,n.,rg.,priorto’95
Allegheny Valley.
..
21
Penna. 5s, g’d, lnt.,rog. or cp.
do
5s, reg., 1SS2-1S92
do
5s, new, reg., 1S92-19US 116
do
68,10-15, reg., 1477-’82.
do
68,15-25, reg., 1882-’92. R2
do
4s, reg., 1894-ltK>4
Buffalo Pitts. & Western
118
117
Little Schuylkill, 1st m.7s,’S2
N. O. Pac., l£t m.. 6s, 1920
91*
North. Penn. 1st m. 6s, cp.,’85. 104
do
2d m. 7s, cp.. ’96.
do gen. m. 7s, cp., 1903.
Sunbury & Erie 1st m.7s, ’97..
Syra.Gen.* CornV,lst,7s,19U5
Texas & Pac. 1st m.,6s,g..l905‘
pref
.
270
11j
do
do reg., 1898...
do 2d m. 7s, reg., 1910..
do
con. m., Cs,rg.,1923
do
do
6s,cp.,19<:3
do
deb. 7s. cns.off 60
do mort., 7s, 1892-3......
Phila. Wllm.& Balt. 6s,’84..
Pitts.Cln.&St. L. 7s, cou.,1900'm
do
do
7s. reg., 19iii
Rich .& Danv.cons.int.6s,1915 :*,v
Shainokin V.& Pottsv. 7s, 1901 1 it5
Steubenv. & Ind. 1st, 6s, 1884.
Stony Creek 1st in. 7s 1907....
Sunb. Haz. & W.,lst m.,5s,*23.
25
Co
2d m. 63. .933..
64
116
New York & New England...
Northern of N. Hampshire...
Norwich & Worcester
Ogdensb.& L.Champlain
fc’4
CANAL STOCKS.
iis
65
Nov.1904 105
July! ’9-i
.
Silnehlll
i
Lehigh Valley, 1st,68,cp., 1898
...
do
7b
Fort Scott & Gulf 7s
ii*2
rfartford & F.rle 7s
07*
K. (Jltv Lawrence & So. 43...
Kan. City. St. Jb.&C. B. 7s.
Little R’k & Ft. Smith, 7b,1st
1124
864 87
Mexican Central, 7s
New York & New Eng. 6s—
107*4
do
7s
117*
New Mexico & So. Pac. 79... 115
98
Oguenstmrg & Lake Ch.6i...
Co
Inc.
Old Colony, 7b
Old Colony,6s...
Pueblo & Ark. Valley, 7b
I0O
Rutland 6s,1st mort
Vermont & Mass. RR.,6s
Vermont & Canada, new 8s..
common.
53, 1895....
Ithaca* Athens 1st g d, 7s.,’St1
Junction 1st mort. 6s, ’82...
do
2d mort. 6s, 1900
>
Gulf, pref
cons. m.
95
...
Chicago Burl.& Quincy 4s...
oi,n. & Pas8umpsle, 7k, 1S9i".
84-26
Connctton Valiey. 7s
1004 100*12
eastern,Mass.,4^8, new.
Fitchburg RR., 6a
Nesquehonlng Valley
H Jan., >2 26
2i
J’ly,1900 n;3
24Jnn., v2;l4i
140
103^
.
Norristown
7
ro
STATE AND CITY BONDS.
105
S2 90
1883
104
Sept ’81 72
Nov.. ’8! 98
•
do
5s,perp
Easton & Amboy, 53
Harrisburg 1st mort. 6,s, ’83...
H. & B. T. 1st in. 7e, gold. ’90.
6s
do
120
..
do
6s
boston & Providence 7s
115
Burl. & Mo., land grant 7b. ..
do
Nebr.68
Ex 115
do
Nebr. 6s
1034
do
Nebr.4s
do
95
170
230
100
109
95
105
75
101
luly, ’31 160
Dec., ’81 225
Aug. ’81 155
32
Albany 7s
do
new
Ask.
..
Val., 1st m.Ts.C., 1901
Delaware mort..6s.various..
Del. & Bound Br., 1st, 7s. 1905 1244
East Penn. 1st mort. 7e, ’88
E1.& W’msport, 1st m.,7s,’80. 113
954
..
PHILADELPHIA.
Bid. Ask.
*
5
2,000,000 Var.
1,200,000 Var.
24
315,000 A. & O. 7
1,850.000 F.& A. 3
750,000 J. & J. 7
4,000,000 J. & J. 5
2,500,000 M.& S. 74
1,000,000 [F.& A 3
5,000,000 Quar.
14
1,000,000 F.& A. 34
3
1,000,000 Var
700,000 M.&N. 34
4,000,000 M.&N. 4
1,000,000 J. & J. 34
375,000 M.&N. 7
6
125,000 Var.
406,000 F.& A. 3
1,000,000 Quar.
J4
1.C00
Jersey City & Uoboken
Bate.
Amount. Period
<o
m., 108,’88
7s 1900
6s, 1900-1904
116* Connecting
Chartiers
Boston & Lowell 7s
eo
105
Gas and
Gab Companies.
Boston <«
Bid.
SBCTTRITIKS.
Catawisea.chat.
land Inc. 3s..
Atlantic & Pacific, 6s
< o
income
Boston & Maine 7s
ICO
127
150-
90
108
115
185
155
125
2<0
65
120
155
65
155115
PC
00
155
TOO
5 1
1' 8
60
60
118
60
125
95
MO
145
75
117
115
155
110
100
05
65
190
100
200
120
190
115
153
i'b
70
140
115
85
00
125
100
50
25
25
100
20
50
50
50
100
25
50
100
100
25
25
25
10
50
Park
106
.
35
100
.
145
103
200
118
374
..
Ask.
190
150
123
140
51)
100
240
22)
85
100
40
50
100
25
50
25
100
100
25
50
50
50
50
50
Lafayette (Br’klyn).
150
....
•
New Y’ork
New York County...
N. Y. Nat’l Exch’ge.
Ninth
7...
North America*.....
100
25
25
17
20
'70
100
30
50
100
40
100
30
50
17
10
100
100
50
50
25
100
15
50
50
100
50
50
100
30
20
Brooklyn
•
125
50
100
100
Metropolis*
Metropolitan
50
American Exchange
r.n
Nassau*
Bid.
Citizen's’
50
100
100
25
50
25
100
Market
151
1?7
do
Par.
Bowery
Broadway
100
50
£0
100
City*
Murray Hill*
Companies.
Bid. * Ask.
100
100
25
25
100
100
25
100
25
100
100
100
100
25
25
100
100
100
100
30
50
75
100
100
25
100
7.
Bowery
*
'
Pit ICE.
!
America*
Am. Exchange
BOSTON.
Atch. & Topeka 1st m.7s
do
landgrant7e
1
Companies.
Bid. Ask.
SXCTUBITIR9.
[Quotations by E. S. Bailey, Broker,
Vot. XXXIV.
Boston, Philadelphia and Baltimore.
m
.
Bank Stock List.
|
BONDS.
6b, 1885,A.&O.
..
100
m.,guar.,’65,J&J,
Conneirsv.78,'98,J&J
120
128
1054 106
OH.
1WUV, xX.tKw.
do 6s, gld, 1900, J.&J.
Cen. Ohio 6s, 1st m.,’90,M.& S.
W. Md. 68,1st m.,gr.,’90,J.&J.
1st m., 1890, J. & J...
do
do
2d m.,guar., J.&J
do
2d in., pref
do 2d m.,gr. by W.Co.J&J
do 6s, 3d m., guar., J.& J.
Mar. & Cin. 7s, ’92, F. & A
do
2d, M.&N
do
8a, 3d, J.&J
Union RR. 1st, guar., J. & J..
do
C- n 1 on endorsed.
Consolidated Gas
Do
bonds
...
,
iis
120
110
iis
ibs
ioe
io'5
iio
115
125
1044 105
58* (m
113
394 40
1004 102^^
January
THE CHRONICLE.
14,1882.1
Railroad Earnings.—The latest railroad earnings and the
totals from January 1 to latest date are given below. The
statement includes the gross earnings of ail railroads from
which returns can be obtained. The columns under the head¬
New York City Banks.—The t olio wing statement shows the
condition of the Associated Banks of New York City for the
week ending at the commencement of business on Jan. 7.
Average amount of
ing “January 1 to latest date” furnish the gross earnings from
January 1 to, and including, the period mentioned in the
Banks.
Capital. Loans
second column:
Ala.Gt. Southern.December.
$86,912
1881.
$61,275
887,153
1880.
$787,518
$644,331
Atcli.ToD.&S.Fe. November. 1,277,000
24,897
22,390
"265,259
261.682
Bur.C.Ran.&No..4thwkDec
76,469
58,131 2,259,037 2,053,484
Cairo & S'fc. Louis.4tli wk Deo
6,486
8,526
423,793
412,621
Carolina Central.November.
67,000
60,455
542,654
469,098
Central Paciiic...December.2,110,000 1,905,221 23,947.951 20,508,112
Ches. &Ohlo
November. 235,585
240,795 2,503,200 2,456,300
Chicago & Alton ,4th wk Dec 131.779
115,324 7,553,988 7,718.198
Chic. Burl.^fe Q...October ...2,031,001 1,934.762 17,454,832 17,064,616
Chic. & East. III..4th wk Dee
34,396
27.323
Chic.&G.Trk.Wk.end.Dec. 31
35,096
29.651
Cin. Ind.Sfc. L.&C.December. 192,623
5,296.916 2,412,185
198,254
Cincinnati South.December.
152,475
230,471
Cin. & Soring!. ..2d wk Oct.
759,648
734,343
24.83S
26,277
Cle v.Cof. Cm. & I. October...
404,652
421,418 3,725,126 3,709,282
Clev.Mt.V. &Del.4tliwk Dec
12,175
424,276
11,515
429,598
DesM.&Ft.Dodge.3d wk Dee.
7,550
9,015
392,733
312,751
Det. Lans. & No ..December. 120.241
96,192
Dubuque&S.City.December. 107,504
92,798 1,145,492 1,097,525
EastTenn.V. & Q.December. 302,957
302,525
Flint & Pere Mar.4th wk Dec
55,894
48,447 1,858,255 1,596,948
Gal.Har.A San A.October
Gr’t Western-Wk. end Dec.30
Gr’n Bajr <fc Minn. 1st wk Oct.
Gulf Col. & 8 Fe.December.
Houst.E.&W.Tex. December.
128.119
105.020
...
Houst.ifcTexasC.October
ULinoisCen. (Ill.).December.
8.371
82,063
10,527
478,099
522,565
539,190
169,964
(Iowa).December.
Iowa Central
December.
K. C. Ft. S.&Gulf.December.
Lake Erie & West.4th wk Dec
8,718
380.588
...
tIndiana Bl. & W.4th wk Dee
Ind. Dec. & So...December.
Int. & Gt. North..4th wk Dec
162,206
99,576
140,068
21,841
Marq. H. <fc Ont’n.November.
5,232,553
5,175,546
165.728
99.843
2.865,359
6,528,745
3,039,443
6,690.0 59
150,616
41,492
38.958
37.998
95 748
99,278
152.796
30,599
37,893
74,813
81.402
127.340
31,993
238,712
212,913
Minn.& St. Louis.3 wks Dec.
81,540
241,444
230,956
262,025
152.059
47,713
178,436
130,323
287,372
373.700
157.574
2,064.195
4,556,076
2,629,710
25,768
4.391.631
3,338.008
393,352
37.712,240
448,923
3,445,814
729,074
6,265,599
23,448,445
59.438
72,761
241,050
261,700
59,488
Col.&IIock.V.,&c.lst wk Jan
61,527
123,637
31,120
59,527
61.527
123,637
31,120
59,527
69,318
36,081
Jan
Jan
Jan
Jail
13.910
17,971
54,770
Jan
77,075
7,237
Jau
291.565
326,000
346,400
22,706
32,694
22.706
159,900
7,694
21,352
46.928
201,640
159,900
7,694
21,352
13,910
17.971
54,770
46,928
58,593
4,538
183,132
77,075
7,237
291,565
exchange are as
58,593
4,538
183,132
Exchange.—Quotations for foreign
follows,
the outside prices being the posted rates of leading bankers :
Prime bankers’ sterling
Pi*lme commercial
bills
on
London.
Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort
or
Demand.
Sixty Days.
January 13.
,
182 2)i83
481
@181ig
1 80l4©l 81
5 25
2)5 22^2
3938 2) 40
OHS#
Bremen (reichmarks)
1 96
3)1
4 95
@4
4 S414«>4
'2)o
5 20
40 2)
95
7b
91iq
97
83hj
85
17 lo
403q
9530
U. S. Sub-Treasury.—The following table snows the receipts
and payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week:
Balances.
■
Payments.
Receipts.
$
Jan.r
“
“
“
“
“
7..
9..
10..
11..
12..
13..
Total
$
950,062
1,299,324
1,282.459
1,115,394
1,215,196
1,118,605
1,178,737 22
30
G6
1,596,868 93
1,135,763 02
63
24
08
1,021,548 69
62
1,300,432 64
1,324,293 37
6,981,C72 53
7,547,643 87
Coin.
Currency.
$
75,974,443 19
75,750,599
75,316,229
75,933,551
75,862,583
23
84
58
56
75,430,622 72
$
4,321,992 50
4,261,292 19
4,312,358 19
4,268,88*2 00
4,30 4,608 46
4,530,011 55
Coins.—The following are quotations in gold for various coins:
$1 82
Sovereigns
83
Napoleons
3 82
XX Reichmarks. 4 73
X Guilders
3 96
a> $4
® 3
'a) 4
^ 3
Span’hDoiibloous.15 60
-alo 75
Mox. Doubloons.. 15
Fine silver bars
1
Fine gold bars....
Dimes &
dimes. —
'a)
..
50
13
83
7(3
97
15 60
2> 1 13kj
par 7V1* prem.
yOks® par
Stiver %s aiul ^s.
Five francs
—
99342>
—
92
Mexican, dollars..
—
83
Do micommorcT.
—
86
English silver
par.
2> — 95
W — 8 )
2) — 87
7j> 4 85
4 75
Prus. 8ilv. thalers. — 67kj2>
U. S. trade dollars — 993aa>
U. S. silver dollars — 9978<2>
....
400,000
1,500,000
2,000,000
500,000
240,000
250,000
3,200,000
2,000,000
300,000
750,000
500,000
1,000,000
300,000
250,000
200,000
750,000
300,000
100,000
200,000
200,000
500,000
..
Total
—
69%
—
9938
1,723.800
267.300
13,703.000
3.737.700
430.200
345.100
156.000
19.400
4 47,300
248.300
775.400
3.737.500
13,3’0.000 2,567.000
15,745.200 2.497.500
323.900
542.200
737.100
160.400
249,000
897.100
534.700
2,549,000
436.300
194.100
448.100
365.200
2,153.800'
2.676.900
2.941.700
2.074,900
198.500
34.700
871.000
5.303.300
|
4.319.500
144.700
69,40e
983.100
1.114.900
17.636.40C
31.600
109.100
4.116,800
185.20C
103.500
555.2J0
8,312,000'
504,000
1.236.000
Loans and discounts
following
are
3,755.80:’
770,090
109,000
277.000
23.200
450.500
224.300
1.408,790
76.2JU
1881.
$
SC0.000
443.000
2.250,000
2.336.300
2,410,400
2,317.300
1.072.30C
2.842.000
2.703.300
6,402.700
1.997.200
4,lU6.(rQ0
270.000
3,900
450.000
450.050
450,000
4,600
763,300
45.000
1,109,990
40,000
1,019,900
979.000
225.000
810.000
1.2S7.000
3.3'3.000
6,012.700
270,00#
600,000
435,800
15.232.000
0.213.400
1.C23.500I
118.000
479.900
209.800
1.540,000,
1.955,100;
225.000
180,000
2.195.500
5 038 600
1.929,8 0
1,672.000
1,674.800
4,494,100
129,403
240.100
201.600
1)1.000
1.147,900
55,316.800
10....314.788,900
54.858.900
17....312,978,400
1,125,00#
45,000
5,400
113,200 1
91,800
450.000
299.500.400 20.209 000
follows::
follows
are as
Inc.
$9,610,000
46,600
series of weeks past:
a
L. Tenders.
Deposit#.
*
*
*
8....315.321,700
SOO.OOO
17,261.800
8.029.000
96,300
410,030
25.800
70.690
the totals for
Specie.
45,009
970.200
900.000
3,180.(00
3,731,500 I Circulation...
736,300 i
Inc.
...Inc.
480.000
32,600
11,411,000
Inc. $3,667,000 1 Net deposits
Legal tenders
174.000
2.000
21.265.50C
698.OOP
256.000
£92.200
209.300
1,229,300,
The deviations from returns of previous week
Specie
800.000
! 21.107.50U
19.26*4,100
17.622,900
934,800
1.762.500
253.600
2,870.700’
314,000
505.000
731,766
1.423.400
l,l27.00t‘
872.400
2.573.800
1.003.000
3.482,300
7,341.000
1,491,000
8,354.000
3.201.400
2.2:3.200
1.608.100
246,000
618,000
2,973.000
3.953.100
6.703.400
2.024.306
3.513.100
780,200
0.799,100
4.13O.300
0.223,700
2.596.000
3.079.700
3.470,200
1,229,100
3.302.200
14,056.000
1,100
207,600
lO.S'.O.OOO
942,000
5.243.500
6.269.100
2.275.200
5.331.600
3.163.700
1.149,SOii
2.815.500
7.525.800
1.427.200
1.394.500
4.169.200
360,000
13.827.600
529.600
4.016,700
4.246.700
1.537.900
1.109,000
901,900
S. 156.800
1.043,300
6,073.200
13,159,000
6.274.500
1.407.100
1,075,900
1.473.500
2.435.600
4,383,600'
6.102,800
6.704,000
0.329.4(H
3.000.00(
7.844.701
1.436.400
1,310,100
61.162,700 319.110,41
Loans.
211,050
261,700
,
German Exch.
Germania
U. S. Nat.
The
326,000
346,400
72,761
32,694
300.000
Germ’n Americ’n
Chase National..
Fifth Avenue....
Circulation. Agg. Clear
*
*
“
24....313,464,100
55,222,200
57,390.100
“
15,861,700 280.437.500 20,133,200 982.859,202
15,740,400 286.245,100 20,236.403 952.335.S60
13,7.38,500 234.927.600 20,127,800 793,662,887
16,015.300 237.448.400 20,1*25.800 10.88.W4.603
fl....815,443.400
57,752,500
15,942,000 289,890,400
20,162,400
1882.
Jan.
7....319,110,400
61,514,000
16,678,800 299,500,100
20,209,0001001,443,17
Dec.
“
Jan. 1 to date.
1831.
1882.
69,318
36,081
500,000
1,000,000
1,000,0: i0
2.674.800
,
495,00Q
3,909,500
990.400
730,000
2.616.100
339.800
$
10.020.P00
<5.490.000
901.900
7.315.900
500,000
Park
.Mech. Bkg. Ass’n
North River
East River
Fourth National.
Central Nat
Second Nation’1.
Ninth National..
2,715,548
Chic. Mil. & St. P.lstwk Jan
Cliic. & Northw.. 1st wk Jail
Chi.St.P.Min&O-.lstwk Jan
201,640
St. Nicholas
Shoe & Leather..
Corn Exchange..
Continental
Bowery National
N. York County..
*
Jan
Market
4.793,976
1881.
Long Island.... .1st wk Jan
Citizens’
Nassau
2.273,622
1,873,427
1882.
Louisv. <& Nashv.lstwk
Mil.L. Sli.& West. 1st wk
St.L.Alt.&T.H. ..lstwk
Bt.L. <fc San Fran. 1st wk
8t.P.Minn.&AIan. 1st wk
Scioto Valley
lstwk
Pac.lst wk
Wab. St. L.
Irvin*
Metropolitan
2,406,437
1 Including Ohio Division.
Denver & Rio Gr 1st wk Jan
Hannibal&St. Jo.1st wk Jan
Hanover
First National..
Third National..
N. Y. Nat. Exch..
Pad.&Elizabetlit.3d wk Dec.
12,459
9,533
529,566
November.3,840.215 3,574,913 40,392,427
Peoria Deo. &Ev.4tli wk Dec
17,937
688,073
12,327
Philadel. & Erie..November. 284,078
324,966 3,171,537
Phlla. & Reading.November. 2,015.589
20,643
21,961
St.L.A.&T.II.(brs)4th wk Dec
741,767
Bt.L. Iron Mt.& S. 4tli wk Dec 217.464
211,921 7,319,744
South Carolina. ..29 dysN’v. 116,965
114,331
Texas & Paciiic.. 4thwk Dec 132.178
96,664 3,921,569
Tol. Delp. & Burl.4th wk Dec
23,952
11,624
Union Paciiic.... December. 2,267,004 1,809,835 27,451,831
including leased lines.
Chatham
People’s
North America..
6,783,327
Pennsylvania
i
Republic
6,127,217
4,925,834
2,257,192
4.967,074
4,044,576
1,000,000
422,700
1,500,000
450,000
200,000
700,000
1,000,000
500,000
3,000.000
600,000
1,000,000
500,000
Pacific
5,420,579
1,902,120
5,000,000
5,000,000
1,000,000
Broadway
8,019,743
182.087
800,000
Mercantile
Importers’ & Tr..
(>,099
Oreg’nR. Nav.Co.December.
tion.
*
,
2,214.000
1.330,000
603.400
1,636.000
7.U6.000
7.163,000
7.715.000
4,587.000
4.110.000
3,349.000
600,000
300,000
Seventh Ward...
1,206,724
1,184,161
6.214
December.
December.
droila*
other
than U. S.
10,314,000
200,000
State of N. Vork.
American Exch..
Commerce
1,547,259
1,373,012
Hemp. Pad. & No.3d wk Dec.
Ohio Central
Ohio Southern
Butehers’&Drov.
Mechanics’ & Tr
Greenwich....
Leather Man’f’rs
Oriental
Marine
1,168,545
198,107
Merch’nts’ Exch.
Gallatin Nation’1
1,953,594
1,235,091
452.691181.746
459,054
220,993
...
2,792,518
35,468
237,729
Tradesmen’s....
Fulton
Chemical
429, i 9*2
24,867
432,511
196,789
487,160
434,331
90,020
34,168
City
5 03'61 >8
65,758
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
300,000
200,000
Phoenix
1,775.48S
22,843
N. Y. Pa. & Ohio..November.
Norfolk& West... December.
Northern Central. November.
Northern Pacific .December.
New York
Manhattan Co...
Merchants......
Mechanics’
Union
America
1,842,017
Memo. & Cliarl.. .4tli wk Dec
tMo. Kans.&Tex.lthwk Dec
Missouri Pacific .4th wk Dec
Mobile & Ohio
December.
Nashv.'Ch.&St.L.November.
N. Y. & N. Engl’d.December.
Net dept's
Legal
Specie.
r-Jan. 1 to latest date—.
Bost.& N.Y.Air-L. November.
Do
and
discounts.
/—Latest earnmqs reported.—»
WeekorJUo.
1881.
1880.
,
67
Boston Banks.—The following are
banks for a series of weeks past:
Loans.
%
1881.
Dec, 27.
1832.
Jan. 2..
*
152,286,000
•Including the item
the totals of the Boston
Deposits.* Circulation. Ago. Clear
$
$
151.590.641
9..
L. Teniers.
Specie.
7,785.800
150,957,400
4,669,500
91,765.500
32,302,300
73.060,623
32,095,300
82,191,100
60.702,789
83,940,938
7.266,100
5.010.400
96.674.600
7,047,500
4,731,400
97,342,500
'*
915,8S0.8jrt
due 1-0 other banks.”
Philadelphia Banks.—The totals of the Philadelphia banks
are as
follows:
Loans.
$
L. Tenders.
$
Deposits.
1881.
Dec. 26
74,418.383
16,700.343
64,039.009
11.117.523
59.499.700
188*2.
Jan. 2
••
9
73.755,991
74.039,0 ?2
10,708,715
64.21^.970
11.117.501
17,439,331
64,689.537
11,137.034
40.992.069
50.513.474
Circulation.
$
Agg. dear„
$
*
Unlisted Stocks and Bonds.—The following are the reorted quotations
tock Exchange:
1&V'*
for securities that
Bid. Asked.
31
Am. Cable Constr. Co. 28
150
Am. Railway Imp. Co. 110
■'3H
Bost. H. A E.. new st’k
3*8
Do
old stock
1J8
1*4
69
Continental Constr.Co. 65
...
Central Railway Con8truct’n Co.(D. LAV.) 22
Cin. &
34
Georgia subs... 31
Denv.& R. G..W. Bubs.
Do
unl’dconsols.
Denv. & N. Orleans...
Edison Electric L. Co
Intornat. Imp. Co. ex¬
bond & stock div....
Iron Steamboat stock.
1st mort. bds
Do
7212
71
98
95
99
98
800
97
S3
8712
11
21
2d m. 5 p.o.,u
Do
Int. Oceau Tel. Co —101
Kooly Motor, stock...
-
105 hi
2
Lehigh & Wilkesbarre 33
Mid.RR.of N.J.ass.stk
A bonds.... 11
B bonds....
9
Do
Mexican Nat. subs., ex t20
Do
Premium.
Bid. Asked.
57
83
86
101
6
4%
29
31
87
Oregon Imp. Co. 1st ex 85
i)o
stock
70
73
99
Oreg. 3hort line subs. 98
69
Oreg.Trans-Con.pt. pd 6S
Ohio C., subs., SSOOpd.
20
Pitts. & West
2l‘ifl
Roch’r & Pitts’gCoal.
Mex. Nat. bonds, ex...
Mutual Un’u Tel. subs
N. O. Pao. subs., ox...
North River Const. Co.
N. Y. Ck. & St. L. subs.
....
is"
\ Discount.
Ricli.A Al. subs
$100
S. Carolina RR. 2dM.. 122
stock
B39
Selma Rome AD. 1st M.
412
Do
2d M. stamp
4%
Do
Do
2d M., clean
2ia
1 *3
Do
incomes....
stock
Do
St. Jo. & West, stock. 12
St. Jo. & Pacific 1st M 90
Do
2d mort
Toxas,St. Louis RR.suh 80
93
Texas & Col. Imo
•
Kan. & Neb. 1st mort.
*
listed ” at the
Rich.&Dan.Ter.rights 15
81
41
rudianap. C. & L. old
Ind. Dec. & Sp. com
par.
are not *•
30
16
11
18
•
•
•
....
U. S. Electric Light Co.130
Vioksb.Mer’n oom.st’k 10
$150
130
42
5hi
6
314
2
lh»
13
93
35
85
99
140
....
THE CHRONICLE.
58
luucslmmts
AND
ST4TE, CITY AND CORPORATION FINANCES.
The Investors’ Supplement contains
a complete exhibit of the
States and Cities and of the Stocks and Bonds
of Railroads and other Companies. It is published on the last
Saturday of every other month—viz., February, April, June,
August, October and December, and is furnished without extra
charge to all regular subscribers of the Chronicle. Single copies
are sold at $2 per copy.
Funded Debt of
ANNUAL
REPORTS.
New York New Haven & Hartford.
{For the
year
ending Sept 30,1881.)
pense of labor and materials has considerably increased, and
ah o that the company expended for additional grounds, perma¬
nent improvements and new equipment, over and above all
ordinary operating expenses, about $250,000 during the year,
more than one-half of which has been for new equipment,
mostly freight cars.
“
With a determination to have our road first-class in all its
appointments, as a road doing the business it does ought to be,
it has been deemed judicious by your board to begin to make
provision for adding to our rolling stock a large number of
new cars, both passenger and freight, and several new engines
—for the enlargement of the freight depot grounds at Meri¬
den, Harlem River, and perhaps some other places—for replac¬
ing pile and other wooden bridges with stone or iron ones, and
for making, where practicable, solid embankments in place of
piling across the flats and low grounds, particularly on
the Shore Line Division.
As these various improvements
will
require a large sum of money, and cannot all
be paid for out of the earnings of any one year, we
have appropriated out of the earnings of the past year, to be
used for these objects, the further snm of $300,000, which goes
still further to swell the expense account for the year just
closed. Early in June last the indebtedness of the Harlem
River & Portchester- Railroad Company to this company for
advances, which has appeared as an asset in our annual reports
for several years last past, in the detailed statement of items of
cash assets, together with
the. interest thereon, was, to the
amount of $1,000,000 (that being almost the entire amount
^thereof), put into 4 per cent bonds, and turned over to this
company. These bonds, guaranteed by this company, have
been disposed of, and the proceeds thereof exchanged for an
interest in' the capital stock of the New Haven & Northampton
Company. This exchange was made in the firm belief on the
part of your board that the interests of the stockholders who
own, and of the public who use our road, would be best sub¬
served thereby.”
The company has no bonded debt, but is responsible as
indorser on $3,000,000 Harlem River & Portchester bonds, the
annual interest on which is $170,000.
The traffic for the year was as follows :
1880-81.
1879-80.
5,295,793
152,730,696
1,665,513
116,611,607
.
Ton miles.1
The earnings for the year were as
fiscal year 1879-80 :
4,600,507
125,300,345
1,348,687
78,372,806
follows, compared with the
1880-81.
Passeugers
Freight
1879-80.
$2,755,438
1,903,702T
287,005
81,170
Mail and express
Interest, &c,
Total
Expenses
Net earnings
Per cent of expenses
$2,347,565
1,634,092
271,156
41,421
$5,027,316
2,993,101
$-1,294,235
$2,034,214
$1,694,985
2,599,250
59*54
60*53
The rental paid for the use of the Harlem track into New
York (not included in expenses) was $265,307 last year, against
$239,107 in 1879-80. The income account for 1880-81 is stated
as follows :
Balance,
cash
assets,
Oct, 1, 1880
Materials od hand
Materials on hand,Shore
Line Division
Decrease
Shore
Line
debtor balance
Increase " in accounts
payable
Transportation eam’gs.
Balance of profit, Shore
"Line Division
Balance interest H. R...
& Portchester
Total
$1,694 965
425,296
23,835
99,614
346,567
5,027,316
Transportation exp’ses $2,993,101
Harlem River and Port¬
chester interest
Appropriated for land,
bridges an d ne w equip
Dividends, 10 per cent.
Materials on hand
Materials on hand,Sh’re
Line Division
.'
Balance, cash assets,
Oet. 1,1880
13,366
143,333
300,000
1,550,000
358,176
15,354
2,290,753
19,756
$7,650,719
Total.
$7,650,719
The balance of cash assets is made up of $759,675 cash
$1 ,230,046 loans, stocks and bills receivable ; $14,299 advances
to Harlem River & Portchester
Company ; $145,623 due from
connecting roads
;
$141,107 due from agents
;
total, $2,290,753
SHORE LINE DIVISION.
Mr. Watrous says of this division: “The Shore Line Division,
whose earnings have thus far (since the lease was taken) been
kept separate from those of the main line, show a satisfactory
increase. The net earnings of that, division for this year have
been sufficient, excluding all charges for interest, to cancel the
balance of its indebtedness to our company and leave a small
balance in its favor; and, but for the large expenditures in the
way of permanent improvements to be made thereon, as above
suggested, we might, with much confidence, count on its being
able to take care of itself henceforth without assistance from
the maiu line. If, however, these improvements are carried
forward as rapidly as they should be, it will be necessary to
expend on that division more money, for
at least, than it can be expected to earn.
of this division being now paid off, and its
the next year or two
The old indebtedness
self-sustaining power
having become reasonably well established, it is not deemed of
so much importance to have this
separation of its business
from that of the main line kept up longer as to justify the ex¬
pense and trouble of doing it. The receipts of this division
will therefore not hereafter be kept separate from those
derived from other sources.”
The fiscal year of this company ends with Sept. 30, but its
annual report is issued late, and has only recently appeared.
The President, Mr. Watrous, remarks in his report thahthe ex¬
Passengers carried
Passenger mi.es.
Tons freight carried
[VOL. xxxiv.
Passenger e
Freight
Mails, &c
Total
1880-81.
1879-80.
$308,827
77,018
30,775
$241,033
$416,620
$349,111
194,625
Expenses
Net
Rental
203,639
earnings...
$212,981
Net balance....
77,212
30,864
100,000
$154,486
100,000
$112,981
$54,486
Rochester &
Pittsburg.
{For eight months ending Sept. 30, 1881.)
Mr. Walston H. Brown, the President, remarks in his report that
the present company obtained possession of its property on the
16th day of February of this year, so that this report embraces
only eight months of the fiscal year commencing February 1
and closing September 30, 1881.' “ The present Rochester &
Pittsburg Railroad Company was legally organized Feb. 1,1881,
and acquired by purchase at foreclosure sale all the property
and effects of the Rochester & State Line Railway Company.
When our company came into possession there were several
suits against the former company. These suits, as well as vari¬
ous other legal claims,
have all been settled, so now the legal
status of our company is most satisfactory.”
earnings.
“
The business of the company for the past eight months has
been seriously interfered with in consequence of the necessity
of immediately devoting all the energies of the company to the
work of
getting the road in good condition. When we add to
rolling stock was all in bad order, and the
company had no terminal facilities at Rochester, the result of
the eight months’ business is not unsatisfactory. The gross
earnings of the company for the eight months ending Sept. 30
were $170,591; the operating expenses for the same time were
$129,600; and the net earnings were $40,934. The company has
expended during the past eight months $467,724 on the im¬
provement of the road and its terminal facilities. We have
also purchased about $220,000 worth of new rolling stock,whicli
was obtained at prices much under the
present market value.
The receipts for the eight months under the ownership of the
present company have been as follows:
this the fact that the
Passengers
Freight
Mails, etc
$64,210
92,266
14,114
Total,
Expenses
$170,592
129,605
.
Net earnings
Interest on first-mortgage bonds
Interest on car trust
Cost of reorganization, etc
?
.....;
Excess of expenditures...
$52,000
6,533
11,769—
$40,987
70,302
$29,315
PROPOSED EXTENSIONS.
“
We have located a line starting from a point on our road
about one mile north of Salamanca (our present terminus), and
thence running south through McKean, Elk and Jefferson
counties, in the State of Pennsylvania, to the town of Brookville, Jefferson County, where connnection is made with the
Pennsylvania Railroad Company’s lines to the City of Pitts¬
burg. This extension will be about 105 miles in length, and
will pass through Bradford. We have also located a line start¬
ing from Ashford, a station 94 miles down on our present road,
and running northwest about 40 miles to the City of Buffalo.
These two extensions will give our company the shortest line
from the cities of Buffalo and Rochester to Pittsburg, and, at
the same time, the most direct road from the best bituminoug
coal-fields to those cities. We also own a located line from
Rochester to Charlotte, on Lake Ontario, a dfetance of about
nine miles.” ' *
*
*
“
It was necessary, in order to secure the legal right to build
and operate these various branches, to organize two railroad
companies in the State of Pennsylvania and three railroad
companies in the State of New York. These were named as
follows : The Pittsburg & New York Railroad Company and the
Bradford & State Line Railroad Company, both Pennsylvania
corporations ; also the Buffalo Rochester & Pittsburg Itailroad
Company, the Great Valley & Bradford Railroad Company and
the Rochester & Charlottte Railroad Company, all New York
State corporations. Since our fiscal year closed, all the abovenamed corporations have been legally consolidated with, and
form a part of, the Rochester & Pittsburg Railroad Company.
We also own, jointly with the rittaburg & Western
“
■4.
January
THE
14,1882.]
Charlotte Columbia k Augusta.
surveyed line, forty-two miles in length,
from Brookville to the Alleghany River, where connection will
be made with the Pittsburg & Western Railroad into Pitts¬
burg, and which will be built if it is found that the connection
with the Pennsylvania Co. does not work satisfactorily.” * * *
A company called the Rochester & Pittsburg Coal & Iron
Company has been organized under the laws of the State of
Pennsylvania, with a capital of four millions of dollars. This
company has no bonded debt, and has provided two hundred
and fifty thousand dollars for developing the mines. It is the
intention of the company to have collieries enough opened to
put out two thousand tons of coal per day as soon as the rail¬
road is completed to them. It will be to the advantage of both
companies that the railroad company should own the stock of
the coal company, and I advise that the railroad company should
purchase the coal company’s stock, and hold it as an asset, in
its treasury by the issue of an equal amount of its own capital
Railroad Company, a
(For the year ending
This company is controlled by
The traffic for the year was as
9781
BOCHESTER & riTTSBURG RH., SEFT.
Cr.
Construction... $6,888,874
35^,980
Equipment
Materials and supplies
13,465
on hand
9,439
Tools and machinery..
25,889
Cash on hand—Roch’tr
45,529
Cash on haud—N. Y...
22
Rents due the company
Due from agents and
11,294
conductors
Due from foreign roads,
R. & P.
R. & P.
.
car
Due
Passengers carried
Passenger mileage
Tons freight
Ton miles
The
1,469
service and tickets
from individuals
8,314
29,315
(other accounts)
Profit and loss—deficit.
Due to
$626,919
$541,116
356,549
395,937
a
balance of $39,468, which was expended in
The balance sheet,
September 30, was as follows
Stock
Bonds
.
Road and equipment...$5,181.984
Real estate
61,334
Stocks and bonds
294,895
$2,578,000
2,696,916
933
!
foreign roads,
9,477
l
48 I
not
7
$7,392,596
Total
■_
Iuterest, etc
Protit and loss
6,500
:
Di\
Cr.
30,208
claimed
$7,392,596
Total
ances
service and tickets
Duo individuals (other
accounts)
Unclaimed
pay
for
due but
Passage.
Mail, etc
$359,366
152,623
29,120
charges and leave
15,421
car
1879-80.
$419,000
169,865
37,254
Bills, accounts and bal¬
Vouchers for supplies..
First mortgage bonds..
Car trust
:
IftWO-ftl
improvements.
$7,330,000
■.
wages,
Total
30, 1881.
Amounts to the various
accounts, but not pay¬
able until Oct. ’81:
Pay-rolls
76,799
3,789,663
131,298
10,256,105
Net earnings...
$184,566
$230,981
The earnings show a very considerable increase, both gross
The net earnings were sufficient to meet interest and
and net.
160,000
'
follows
Expenses
1,300,000
1,870,000
First mortgage bonds..
Income and mort. bds.
Car trust
expenses were as
Freight
$4,000,000
Capital stock
;
earnings and
18 79-80.
96,535
4,120,984
167,126
12,760,391
*
,
BALANCE SHEET OF THE
Dr.
September 30, 1881.)
the Richmond & Danville
follows :
1880-81.
“
stock.”
59
CHRONICLE.
270,583
Supplies
70,106
12,226
127,656
Balances receivable
Cash
27,636
49,424
$5,685,382
Total
$5,685,382
Total
The bonded debt consists of $196,916 prior
lien and sectional
bonds, $2,000,000 first mortgage and $500,000 second mortgage
bonds.
Mississippi & Tennessee.
(For the year ending September 30, 1881.)
The annual report just published has the following
The gross receipts were :
1879-80.
1880-81.
Pittsburg & Lake Erie.
From passengers
$121,406
From freight
(For the year ending Dec. 31,1881.)
359,581
From express and mail
10,299
At the annual meeting in Pittsburg the report was submitted From
privileges
900
for the year ending Dec. 31, 1881, from which the following is
$492,166
condensed. The President, Mr. Jacob Henrice, states that the
The cost of operating, at 60 52-100 per cent of
capital stock of the company is $2,050,000, upon which has been
paid during the year $115,800, leaving $10,750 still due on stock ings were as follows:
1880-81.
$127,531
387,306
9,766
885
,
bonds of the company amount to
$2,000,000 ; the real estate mortgages to $195,843, maturing in
the years 1887, 1888 and 1893; total mortgage indebtedness,
account.
The first mortgage
$2,195,843.
1882
1883
1884
1885
Temporary loans
The assets of the company are as
Payable
Payable
Payable
Payable
$3,494,119
Equipment
Right of way
1,026,270
420,683
346,475
40,300
Real estate
on
hand
Gross
$604,764
120,000
;
Net earnings after
Net
749,399
$291,663
paying interest
earnings added:
205,000—
scrip dividend
93,877—
117,031
$408,695
operating expenses of the company have been during
the year 58 4-10 per cent of the gross earnings. In making the
foregoing statement of thejpast year of the general condition
“
35,353
94,093
27,971
$297,840
$256,109
The
1,307
1,410
8,516
1,016
„
138
"$173012
$21,234
Net balance
All of which has been
applied to changing gauge of road,
machinery and cars.
decreased
increased
The gross receipts for the past year’s business
6*33 per cent, or $33,302, while the operating expenses
16 29 per cent, or $41,730, reducing the net
27*85
results
per
$75,033. The change of gauge of the road from 5 feet
to 4 feet 8^ inches, and the consequent change of all loco¬
motive engines and tenders and passenger, baggage, freight
and all other cars, together with other extraordinary outlays
the past year charged to operating expenses, have aggregated
cent,
$23,154
$298,877
Less
$1,041,063
20,635—
Interest on other liabilities
74,617
For expenses
For attorney’s fees and court costs...
For taxes, Mississippi and Tennessee.
For insurance
For interest
$5,327,799
earnings for 1881
Expenses for 1881
Interest on mortgage bonds
1879-80,
$59,427
$65,117
68,200
129,168
For salaries.
:
Construction
Cash
...
Net receipts
$269,380
$194,346
$64,488
64,488
The net receipts applicable to interest, &c., were applied as
31,588
18,426 follows in 1880-81 :
225,000 For coupon interest
$151,749
8,975
in
in
in
in
follows
the gross earn¬
.
For transportation
For motive power
For maintenance of way
For maintenance of cars
of bills payable, on
The balance on equipment in the shape
which interest is included, is as follows :
$525,489
the
or
sum
of $67,067.
Philadelphia Wilmington k Baltimore.
(For the year ending October 31, 1881.)
equal to 14 2-10 per
Most of the capital stock of this company is owned by the
seen from the statement that the expenses of operating our
road during the past year have been 58 4-10 per cent of the Pennsylvania Railroad Company.
The earnings for the year ending October 31 were as follows:
gross earnings, while the net earnings have been 14 2-10 per
1880-81.
1879-80.
cent upon the capital stock paid in, a result which, in view of
Passengers
$ l,903,475
$1,767,219
all the circumstances nnder which the operations are carried Freight and express
1,545,855
1,409,376
73,408
58,257
on, is very satisfactory.”
* * * “We have, daring the MaiL
29,141
28,257
Rents, etc
declared
and
paid
dividend
of
per
to
past year,
a scrip
10
cent
stocknolders, payable at the will of the company, and bearing
Total
$3,551,880'
$3,263,110
6 per cent interest, and the condition of the company warrant¬ Expenses...
1,896,887
2,320,799
ing the same, we would recommend to our successors to issue a
Net
$1,231,081
$1,366,223
similar scrip dividend of same amount (10 per cent) out of the Per centearnings
of expenses
65’34
58*18
net earnings of the past year.”
The income and profit and loss accounts were as follows :
The manager’* annual report for the year ending Decem¬
Net earnings, as above
$1,231,081
ber 31, 1881, gives the following:
Interest, ground rents, etc
$242,989
allowing the net earnings to be
cent of the capital stock paid in, it will be
of the affairs of our company,
..
.
EARNINGS.
From freight
From passengers
From mails
From express
From
telegraph
FYPffVflPQ
$832,023
181,554
8,863
7,750
872
For transportation
For motive power
For maintenance of cars.
For maintenace of way..
For general expenses
earnings
Deduct interest
Deduct interest
Surplus
on
on
73,823
136,098
66,132
$608,764
$1,041,063
Net
$178,121
154,588
$432,298
$120,000
20,635— 140,635
bonds
floating debt
.
$291,663
Less interest and
143,270
dividends received
Balance of interest
Dividends, 8 per cent
Taken to renewal fund
-
$99,719
935,512
^
100,000— 1,135,231
Surplus for the year
profit and loss October 31, 1880
Add credit accounts closed
Add re-valuation of securities
Balance of
$756,244
66,552
258,586
$1,081,383
Total
$95,849
11,416—1,069,967
$1,165,91#
Depreciation, bad debts, etc
Balance Oct. 31, 1881
v
60
THE
During the
CHRONICLE.
the West Chester & Philadelphia Company
with the Philadelphia & Baltimore Cen¬
tral, both companies having been controlled by the
Philadelphia
Wilmington & Baltimore. The stock owned in the new Phila¬
delphia & Baltimore Central has been carried into the account
year
consolidated
was
at 60 and the bonds at 90.
(For the
The
following is the general balance sheet on Nov. 30, 1881,
presented in the annual report* and omitted in the abstract
published in the Chronicle last week, on account of the late
hour at which the report was received
:
BALANCE SHEET.
Dr.
Nov. 30,1831. Nov. 30.1880.
Construction and equipment, Railroad Co..
$45,308,742
$44,261,476
Cost of property, improvemeuts and
equip¬
ment, Coal <fc Iron Co
54,435,165
54,79^,125
Real estate, Rai’roo.I Co
8,042.762
7,910.200
Real estate. Coal & Iron Co
1,345,328
1,365,908
Stocks aud bonds, Railroad Co
8,*80,635
8,961.050
Stocks and bond-, Coal & Iron Co
5.244,855
4.889.855
Advanced to branch roads of Railroad Co..
2,452,480
2,535,3 5
Advanced to operators of Railroad Co
710,441
710,351
Advanced to coal companies, Coal & Iron
Co
1,451,674
1,302,638
Cash, Railroad Co
677,127
467,236
Cash, Coal <fc Iron Co
16,046
85,247
Paid to Receivers on account of deferred
income bond subscriptions, Railroad Co
1,867,687
Bills and current accounts receivable, Rail¬
.
road Co
Bills and current accounts receivable,
& Iron Co
Material and supplier, Railroad Co
Material and supplies, Coal & Iron Co
Coal on hand. Coni a- Iron Co
Iron ore on hand, Coal &. Iron Co
Coal
Coupons and iut
rest pin chased, RR. Co...
Funded coupons not matured, Railroad Co.
Funded coupons not matured, Coal & i. Co.
Profit and 1 hp, Railroad Co
Profit aud loss. Coal «fc Iron Co
Chartres to Coal A Iron Co. on Railroad
Co/s books
Bonded debt, Goa
<fe Iron
Co
9,565
241,350
3,381,896
170,205
4,356.828
774,220
469,953
57,015
8,258.012
*54,370,778
*54,886,647
1,502,211
884.246
2.019,099
1,041,497
1,098,605
2,290,514
736,612
$34,276,175
77,702,722
15.185 556
9,081,854
1,103,373
1.502,211
1,063,096
1,394,469
352,947
1,009,101
2,031,OSS
735,046
1,864,890
488,375
394,070
109,152
394,070
*54,370,778
*54,886,647
Coal & Iron Co.’s
real
769.009
4.214,239
8,217,345
Co
on
3,135
8,823,124
859,169
estate
209,465
$33,268,139
of
529,195
5,981,400
the
These figures
amouut
are not
included in the additions, for the
appears on the Railroad
Company’s books
reason
that
charge
advanced and on the Coal & Iron
Company’s books as
for limney received, and
bringing the two balance-sheets
together it would naturally disappear, but it is retained in
present form
to show the actual cash advances of
the Railroad Company ior
account
of the Coal & Iron
Company.
for money
a
as a
credit
GENERAL INVESTMENT NEWS.
Anderson Lebanon & St. Louis.—At
the board it
a
recent
meeting of
was decided to issue
$2,000,000 new 6 per cent
bonds to pay for the extension of the road
to Paris,
also to
change the name of the company to the Cleveland III.;
Indiana
&
St. Louis Railroad
Company.
Atlantic & Pacific.—The Boston
Transcript says: “The
Atlantic & Pacific financial
plan will be
announced this week.
will be $18,000,000, but
,500,000 will be reserved to retire the bonded
debt, now a
trifle over a million
upon the Central Division, which has had
for some years thirty-five
miles of road in the Indian
in operation. One million five
Territory
hundred thousand dollars will
be spent in the extension of this
division, and $15,000,000 in
the construction of the Western
Division to.the Pacific Coast.
The financial
plan is the same as upon the first ten million
The issue of first
mortgage bonds
subscription—subscribers having the right to
take bonds at
par, with a bonus of 75 per cent of income
bonds, the company
reserving the right to cancel the subscription within a
limited
time and leave 50 percent of
income bonds with the subscriber
which cost him
nothing—but in addition the Atlantic &
Pacific Company will divide
$8,250,000 of the $40,000,000 capital
Block of the
company, giving subscribers another bonu3 of 50
per cent of the amount of their
subscription in stock of the
company, which they will retain in the event of the
company
canceling the subscription. The $16,500,000
subscription will
be assigned as follows:
$5,5C0,000 to the stockholders of the
Atchison Topeka & Santa Fe Railroad
Company, $5,500,000 to
monthly meeting of the board of directors of the Baltimore &
Company was held. President Garrett stated
that, notwithstanding the continuance of the war of
rates, the
results to the Baltimore & Ohio
Company on its main stem and
branches showed a revenue for the month of
December of
increase of $177,409 over the same month
in 1880. Of this increase $78,008 was from
passenger traffic.
The general activity of business
upon all the lines of the com¬
pany fully occupied its equipment. These results showed the
absolute ability of the Baltimore & Ohio
Company to maintain
the differential rates which had been in
operation for many
$1,617,687, being
an
years.
President Garrett stated that these differences were
so macli
less than the proportionate rates on a
proper tariff that he
found not only the City of Baltimore and
the regions
immediately served by the Baltimore & Ohio Road, but the
representat ives of the centres of commerce in the Northwest,
West and Southwest,
thoroughly supporting the policy adopted
by the company. The board unanimously adopted a resolution
approving of the action of the executive and directing the main¬
tenance of the policy.
Boston Hoosac Tunnel & Western.—The
Boston Transcrip
reports that at a meeting of the directors of the Boston
Hoosae
Tunnel & Western
Railway, the old officers of the company
were re-elected, viz., Wm. L.
Burt of Boston, President; Hon.
George I. Post of Fairhaven, Vice-President, and Dr. Estes
Howe of Boston, Treasurer. “The
Continental Construction
Company, which, under the leadership of General Burt, has
been attempting to parallel the New York
Central through the
Mohawk Valley, has ceased its construction
work and dis¬
charged its workmen. Continental Construction certificates
declined to 25 per cent discount, and it is believed
that the sub¬
scribers have refused to cash
up any further.”
Denver & Hio Grande.—The Denver & Rio
Grande Railway
has completed its third track from Pueblo to
Denver, and the
Atchison Topeka & Santa Fe
run
its
freight
cars
Railway commenced yesterday to
through to Denver
over that line.
It is the
intention to have the
passenger cars of the Atchison Topeka &
Santa Fe also run through to Denver
by the first of next week.
The laying of a third rail between
Pueblo and Denver by the
Denver & Rio Grande
Company, thus allowing the
cars of
the Atchison Topeka & Santa Fe to run broad-guage
through to
Denver without change, will no doubt
prove of great benefit to
both roads, as it establishes another direct
standard-gauge line
from the Missouri River to Denver to
compete
with the Kansas
Pacific and Union Pacific roads. The new
line, although a
little longer than the Union Pacific and
Kansas Pacific routes,
expects to make the same time, both with freight and
passenger
trains, which it can easily do on account of its
easy grades and
the fine condition of its road-bed. The Denver
business of the
Atchison Topeka & Santa Fe has been
heretofore greatly
embarrassed because freight and
passengers for Denver had to
be transferred from
broad-gauge into narrow-gauge cars at
annoyance;
Now
these troubles have been overcome the Atchison
Topeka &
Santa Fe and the Denver & Rio Grande route to
Denver will no
doubt become as popular as
any of its competitors.
The Denver & Rio Grande built a
greater number of dif¬
ferent lines during the
past year than any other company in
the country—narrow
gauge though they are. The additions,
$210,089,924
*
San Francisco Railroad
Pueblo, which caused considerable delay and
that
9.995,657
5,101,056
6,161,850
Bonds of leased roads and Coal & Iron Co.
guaranteed
421,805
$149,052,626 $146,467,981
Scbuylkdl Navigation Co
"Susquehanna Canal (Jo
leased lines
1,175.107
1,027,000
554, ‘91
15,016,523
Capitalized cost of leased properties
Catawissft. Railroad Co
Bonds and mortgages
1,265,247
1,186,658
290,583
582,429
77,541.358
subscriptions, Railroad Co
Insurance fund-. Railroad Co
on
1,288,576
$34.3^3,175
Arrears of rentals. Railroad Co
Current indebtedness. Railroad Co
Current indebtedness, Coal & Iron Co
raid on account of deferred income bond
Credits to Rui.road Co.
books
1,558,850
$149,052,626 $146,467,081
Or.
Floating debt, Railroad t o
Floating debt. Coal & Iron Co
Receivers’ certificates, Railroad Co
Receivers’ certificates Coal & Iron Co
Arrears of interest, KailroadCo
Arrears of interest. Coal & Iron Co
Sinking funds. Railroad
Suspense account
;he stockholders of the St. Louis &
Company, and $5,500,000 to the financial
agents or bankers’
syndicate, headed by the house of J. & W. Seligman
& Co.”
Baltimore & Ohio.—At Baltimore, Jan.
11, the regular
Ohio Railroad
Philadelphia & Reading.
year ending November 80,1881.)
Capital stock, Railroad Co
Bonded debt, Railroad Co.
[vol xxxiv.
as reported
by Mr. R. F. Weitbrec, Manager of Construction,
aggregate 37Cfmiles, as follows :
Silver Cliff Branch
Blue River Branch
Eagle River Branch
Gunnison Branch
’
Gunnison Mines
San Louis V. Branch
Sau Juan Branch
Si l vert on Branch
Wagon Wheel Gap Branch
Monarch Mines Branch
Utah Branch
Iron Mine Spur tracks
Miles.
26^
8*3
16^
6934
28kj
27^
108
20
46
7
2
10
Terminal station.
Westcliff.
Wheelers.
Red Cliff.
Gunnison City.
Crested Butte.
Villa Grove.
Durango.
Carson’s Ranch.
Del Norte.
Maysvillo.
Flint & Pere Marquette.—A
dispatch from East Saginaw,
Mich., Jan. 8, reports that the business of the Flint & Pere
Marquette Railway for 1881 shows a handsome increase over the
previous year. The approximate earnings for the years named
were—1881, $1,858,256, and for 1880, $1,596,950, an increase the
past year of $261,306. The construction expenses of the road
from October 1, 1880, to November
30, 1881, were $1,239,480.
Eleven locomotives, five
sleepers, thirteen passenger cars, three
drawing-room cars and six hundred freight cars have been
added to the equipment. Over
sixty miles of steel rails have
been laid, and over
thirty miles of new line constructed, in¬
cluding the Otter Lake extension, six miles, and the Manistee
Branch, twenty-six miles. Considerably over $100,000 was ex¬
pended during the year for improvements at East Saginaw, in¬
cluding a new machine shop and passenger depot. Two new
propellers, to cost $60,000, are to be delivered to the company
the present year, to run between
Ludington and Milwaukee.
Florida Central.—At Jacksonville,
Fla., Jan. 6, the Florida
Central Railroad, extending from Jacksonville to Lake
City,
was sold to Sir Edward lleea for
$390,000.
Georgia Pacific.—The Atlanta Constitution has the follow¬
ing account of the progress of the work of construction on the
Georgia Pacific, formerly known as the Georgia Western, Gen.
Gordon’s road:
January 14,
THE CHRONICLE.
1862.]
The distance from Atlanta to Anniston—crossing of Selma Rome &
Dalton Railroad—is 101 miles. There have been graded forty-two miles
Norfolk & Western.—At Norfolk, Va., Jan. 11, the first
annual meeting of stockholders of this railroad
company was
held. The action of the directors in the matter of the East
Tennessee Virginia & Georgia, the Shenandoah
Valley and the
New River railroads was confirmed. Resolutions were
thirty-three miles west from Atlanta, seven miles east from Annis¬
and two miles finished at intermediate points. The other fifty-nine
miles is all under contract, the grading to be completed Aug. 1. Steel
rail has been laid from the fair grounds, near Atlanta, to the Chatta¬
hoochee bridge—say six miles. Work on the bridge has been retarded
by high water, and track-laying into the city has awaited the closing of
the Exposition business. Track-laying will soon proceed to and beyond
Douglasville. The contractors—Wriirlifc & Co., Lee Brothers & Wright,
C. R. Mason & Co., Perkins, Hutten & Perkins, Kelly & Browning and
Leake & Dunn Brothers—are all at work on the line, and with the new
year operations will be vigorously pushed. The distance from Anniston
to Birmingham—junction with the Alabama Great Southern and the
Louisville & Nashville Railroads—is sixty-five miles. Preliminary lines
having been heretofore run, the final location is being pressed to com¬
pletion. The distance from Birmingham to Columbus, Miss., is about
120 miles. From Columbus east twenty miles have been graded and laid
with steel rails. From the end of this grade and from Aberdeen east,
and from Birmingham west, lines have been and are being run. Near
Aberdeen, coming east, a small force is at work gradiug. West from
Columbus to Geneva, and from Aberdeen towards Grenada and Arkansas
City, surveys are about to be begun. From Geneva west to Johnsonvllie on the Sunflower, lines have been run. The company’s narrowgauge road from Greenville, outlie Mississippi, to Johnsonville, on the
Sunflower, thirty-two miles, with a branch from Stoneville, down Deer
creek to the Sharky County line, twenty-four miles (the last twelve miles
—say
ton.
adopted
recommending the directors to adopt measures to increase the
terminal facilities at Norfolk, to assist in the establishment of
steamship lines between that port and others in this country
and in Europe, to develop the coal, iron and mineral resources
of Virginia, and to enable them to obtain the increase of
rolling
stock required by the growing business of the
company. Reso¬
lutions were also adopted
authorizing and empowering the
board of directors to effect a consolidation, to construct branch
roads, and extend by lease or otherwise the main line of the
road. The old board of directors was re-elected.
—The directors have issued a report of
operations for the
period from February 10, 1881, to September 30,1881, as sub¬
Virginia authorities, supplemented by tables
brought up to December 31, as follows :
mitted to the
INCOME
ACCOUNT, DEC. 31, 1881, INCLUDING ESTIMATED EARNING3
AND EXPENSES
just laid with iron) is being operated.
Nashville.—The directors have declared a
half-yearly dividend of 3 per cent on the stock, payable Feb.
10; transfer books close Jan. 14 and reopen Feb. 13. The
report of the company for the six months ended Dec. 31,1881,
follows
Net—from traffic
$2,208,028
Operating
Operating
435,221
Total
$3,012,203
1,880,285
Surplus applicable to dividends
Dividend, 3 per cent, payable Feb. 10, 1882
Cincinnati Short Line interest is
not
8,023
5,730
19G.7S9—
1,569,741
4,327
$1,859,278
May 1 to November 30... $655,754
(estimated).—
100,000
(inoluding
00,009
$291,236
240,000— 531,236—
charges to inoome account
1,346,990
Surplus December 31, 1831
$511,288
CONDENSED BALANCE SHEET—GENERAL LEDGER NORFOLK &
WESTERN
RAILROAD COMPANY DECEMBER 31, 1881, INCLUDING ESTIMATED
$1,125,978
543,900
Undivided earnings—forward as of Dec. 31, 1831
expenses.
expeuscs December
State and county taxes estimated
amount already paid, $32,248)
Interest on funded debt:
Divisional liens
General mortgage loan
319,014
Total to credit of income account
Fixed charges and taxes
32,506
31,810
Debits
3,429,810
Other income—from investments, etc
Undivided earnings, June 30, 1881
$284,209
1,027,584
Total credits to income account.
:
$5,037,844
.
From freight
From express
From United States mails
From hire of equipment
From miscellaneous sources
From all sources for December (estimated)
Interest aud discount balance
Louisville &
as
,
Received from tlio receivers of the A. M. &. O. RR.,
being
tbo net result of operating tbo railroad from
February lo
to April 30, 1881
Transportation receipts—May 1 to November 30:
From passengers
$207,235
is now completed and opened for business to Albany, in Shackel¬
ford County, Texas, 34 miles northwest from the late terminus
at Cisco, 177 miles from Ross, where the Texas Central begins,
and 231 miles from the main line at Bremond. The new ter¬
minus is 374 miles from Houston.
The company now works
799 miles of road,—Railroad Gazette.
is
FOR DECEMBER.
Credits.
Houston & Texas Central.—This company’s Texis Central
line, which is an extension of its Waco & Northwestern division
Gross earnings—1,835 miles
Operating expenses, 00 1-10 per cent
61
EARNINGS AND EXPENSES FOR DECEMBER.
Railroad premises, property and franchises...
Payments on accounts relating to and provided for in tho
scheme of organization of the company—balance
General mortgage bonds in tbe treasury
Real estate
Advances to New River Railroad Company
Storehouse materials and supplies
Due by connecting lines aud other accounts receivablecurrent balanoe
:
Cash
$582,078
included in the above
statement.
Manhattan Elevated.—Attorney-General Russell was
ap¬
plied to recently by Mr. S. P. Nash of New York City to bring a
suit against the Manhattan
Railway Company for the dissolu¬
tion of its charter. Mr. Nash is one of the counsel engaged
in
the litigation now pending by Mr. S. H. Kneeland and his asso¬
Total
$23,236,405
363,806
500,000
56,863
204,865
88,014
53,459
268,028
$29,741,503
ciates, in which it is sought to set aside the agreement entered into Capital stock
$18,000,000
between the elevated railway companies on Oct. 22,1881. Mr. Preferred
15,000,000
Common
Nash represents the Kneeland interest. The
3,000,000
Attorney-General Funded debt
10,778,600
heard the application yesterday (Friday) morning, Messrs. David Accrued interest on divisional bonds
150,348
Dudley Field, E. R. Bacon and R. M. Galloway appearing in Accrued interest on goueral mortgage bonds
60,000
Surplus of income account
j
511,288
opposition.
Vouchers and other accounts payable—current balances...
241,266
—Mr. Cyrus W. Field submitted the
following at the annual
Total
meeting of the N. Y. Elevated Railroad:
$29,741,508
✓-New York
'
Year.
1879, 1 year..
Company.
/—Metropolitan Company.-^
>
Gross
Passengers.
29,875,912
1680, 1 year.. 34,914,243
1881, 1 year.. 41,086,849
Gross
earnings.
Passengers.
16,169,269
25,917.514
34,498,929
$2,239,489
2,591,785
2,841,631
earnings.
$1,287,336
2,021,190
2,469,444
COMPARATIVE STATEMBNT OF INCREASES.
1880.
Passengers carried, October...
Passengers carried, November
Passengers carried, December.
Totals
Increase, 1881 (24
per
17,431,141
21,633,019
443,179
4,201,878
$485,173
496,332
512,517
$1,297,982
$1,494,023
$438,809
.
Totals
Increase, 1881 (15
7,132,407
7,116,415
7,384,197
cent.)
Gross earnings, October
Gross earnings, November
Gross earnings, December
•
18S1.
5,894.898
5,530,184
6,006,059
415,992
per cent.)
•
$196,041
Mexican Central.—The Boston Transcript reports: Five
per cent upon Mexican Central subscription No. 1 is payable
January 14. This will make 95 per cent of this subscription
paid in. No. 1 Mexican Central blocks sell at 12@15 per cent
premium. Had all the No. 2 blocks been allotted in Boston
they would not now be selling at 7 per cent discount. But the
$3,000,000 subscribed by New York parties has been sent back
into this market during the past six months, and Boston has
taken from New York more than $2,000,000 of these
subscrip¬
tion blocks, and is still taking them. When New Yorkers have
sold out, these block should sell higher. Most of the
present
owners in the Mexican Central Railroad
Company were original
subscribers to the Atchison Topeka & Santa Fe Railroad Com¬
pany, and they unanimously declare that it was years before
the Atchison had as favorable an outlook for business and the
security of its bonds as has the Mexican Central at its inception
and before 100 miles of road have been placed in
operation. It
is understood that more Mexican Central bonds will be dis¬
tributed next month, two upon No. 1 blocks and one to No. 2
blocks.
Upon the latter 35
per cent
has been paid.
The report of the Second Vice-President and General
Henry Fink, states that $5S2,038 has been spent
ment and construction.
The work done includes
Manager,
improve¬
graduation,
on
masonry, bridge structure, new steel rails, ballast and ties for
tracks, improvements in stations and important additions to
terminal facilities at Norfolk, where the company
bought and
destroyed a toll bridge which obstructed the approach to their
deep-water front. The company received for passengers 3*18
cents for local and 2 54 cents for
through travel’; 195 cents a
ton for local and 1T7 cents a ton for
through freight. Com¬
pared with the previous year, the passenger business shows an
increase of 34,867 passengers, equal to 25 6-10
per cent; of
ISO,971 passenger miles, equal to 21 1-10 per cent, and of
$36,116, equal to 14 1-10 per cent revenue derived from the
passenger business. The freight business has increased as fol¬
lows : 41,335 tons, equal to 13 per cent ; 6,800,614 mile
tons,
equal to 10 per cent, and $103,757, equal to 19 per cent of
revenue from freights.
About 97 per cent of the net increase
in the
revenue was
from local traffic.
The
revenue
from the
through freight traffic shows a desrease, owing to the war of
rates between the trunk lines.
*•
During the
In conclusion Mr. Fink says :
year ending September 30, 1881, there were
the road to Norfolk 325,862 bales of cotton, an
increase of 40,305 bales as compared with the movement of
cotton during the previous year. Bat for the want of adequate
shipping facilities from Norfolk the increase would have Deea
much greater.
A regular line of steamships between Norfolk
aud Liverpool has become a necessity, and efforts are being
passed
over
made to establish such a line in time for the next cotton season.
The tables appended to the report show that of the 129,798
;ons
transported between February 10 and September 30, 30,224
V
cotton, 15,793 lumber, 12*^25 leaf tobacco, 10,042 loga^t
7,306 wheat, 6,555 cattle, 5,058 manufactured tobacco, 4,232
staves, 4,191 corn and meal and 3,628 tons iron ore ; 8,985 tons
;ons were
pig iron, 3,300 limestone, 4,423 peanuts and 1,154 coal.
Exchange.—The governors of the Stock
Exchange have admitted to dealings at the Board the following1
were
New York Stock
named securities:
THE CHRONICLE.
62
[VOU XXXIV.
Indianapolis Decatur & Springfield Railroad Co.— Mortgage companies of New York and Kings County, resultingcent bonds, due July 1,1911, amounting from the examinations made in December under the direction,
to $1,000,000, issued for the purpose of redeeming the overdue of the Superintendent of the Bank Department, as published in
the N. Y. Tribune :
coupons on the outstanding income second mortgage bonds.
Elizabeth City & Norfolk Railroad Company.—Capital
UNITED STATES TRUST COMPANY.
stock, 10,000 shares of the par value of $100 each, $1,000,000 ;
Assets—Bonds and mortgages, $2,406,500; United States bonds,
first mortgage forty-year gold 6 per cent bonds, $900,000; sink¬ $2,294,400; bond of Trinity Church, $110,000; loans on collaterals,.
ing fund 6 per cent debenture certificates, dated October 1, $26,074,532 96; bills purchased, $1,749,609 66; cash, $445,694 28;
1881, redeemable in two years, and payable ten years from date, banking house, $170,000; other real estate, $54,329 60; interest ac¬
crued, $293,632 75; total assets, $33,598,699 25.
$250,000 ; income second mortgage 6 per cent new accumula¬
Liabilities—Capital stock, $2,000,000; due depositors, $27,093,529 27;
Second mortgage 5 per
tive bonds, $1,000,000.
New York
liabilities, $654,100 54; total liabilities, $29 747,629 81; surplus*.
$3,851,069 44.
other
Minneapolis & St. Louis Railroad Compang —South¬
western Extension first mortgage gold 7 per cent bonds, $636,000; and Pacific Extension first mortgage gold 7 per cent bonds,
$930,000.
St. Paul Minneapolis & Manitoba Railroad Company.—
An additional $1,380,000 of Dakota Extension first mortgage
gold 6 per cent bonds.
New Orleans & Pacific Railroad Company.—An additional
$1,S£0,000 of first mortgage bonds.
Susquehanna & Western.—It is stated that the
and the Delaware Lackawanna &
signed. This company is to make connection
at Stroudsburg with the Lackawanna road.
The Delaware
Lackawanna & Western agrees to carry business to and from
Scranton, charging for the service 37 per cent of the gross
receipts between New York and Scranton as its pro rata share.
Ohio & Mississippi.—At Cincinnati, January 11, the direc¬
tors held a meeting and resolved to call a meeting of the stock¬
holders of the Ohio & Mississippi Railway Company at Flora,
Ill., on April 6, 1882, to pass by vote upon the question of
authorizing the directors to issue bonds at once to take up the
arrearage and floating debt of the railway company, and to
issue bonds hereafter to take up the bonds of the road as they
fall due, and fund them at 5 per cent.
—The following are the figures of the Ohio & Mississippi for
December, as reported to the United States Court by Receiver
Douglas :
contract between this companv
Western has been
EECEIPTS.
$229,048
Cash on hand Dec. 1,1881
Cash from station agents
Cash from conductors...
Cash from individuals, railroad companies, &c
Cash from Adams Express Company
402,980
0,161
84,502
Assets—Bonds and
$783,567
$6,511
337,639
1876
134,626
688
Pay-rolls subsequent to Nov. 17, 1876
Arrearages subsequent to Nov. 17, 1876
Cash on hand Jan. 1, 1882
304,101
mortgages, $36,000; United States bonds, $1,527,-
730; bonds of Pennsylvania Company, $205,OoO; New York, Lackawan¬
na & Western Railroad first mortgage bonds, $108,750; Erie Railway
consolidated first mortgage bonds, $193,500; Louisville & Nashville
Railroad trust certificates, $50,000; Indiana Bloomington & Western
Railroad first preferred mortgage bonds, $63,750; cash ou hand and in
bank, $71,183 67; bills purchased, $1,245,650 41; loans secured by col¬
lateral, $7,485,688 33; interest accrued, $93,318 31; total assets,.
$11,080,570 72.
Liabilities—Capital stock, $1,000,000; due to depositors, $9,216,541 72; interest, taxes, rent and salaries accrued and rebate on bills
urchased, $144,220 50; total liabilities, $10,360,762 22; surplus,
719,808 50.
FARMERS’ LOAN & TRUST COMPANY.
Assets—Bonds and mortgages, $58,400; United States
bonds, $586,250; United States four and a half per cent
four
per
cent
bonds, $1,485,250; Jackson Lansing & Saginaw Railroad bonds, $218,000; Joliet &
Northern Indiana Railroad bonds, $8,000; loans on collaterals, $10,791,506 73; cash, $245,925 75; accrued interest and commissions,
$141,261 14 ; total assets, $13,537,593 62.
Liabilities—Capital stock, $1,000,000 ; due depositors, $10,764,034 16;
interest, tuxes and expenses accrued, $163,744 33; total liabilities,
$11,927,808 49; surplus, $1,609,785 13.
BROOKLYN TRUST COMPANY.
Assets—Bonds and mortgages, $34,250; United States Donds,
$374,-
375; Brooklyn City bonds, $3,240; Town of Flatbusli bonds, $,000;
Wabash Equipment Company trustees’ certificates, $6,000; Wabash
Company bonds, $7,200; Indiana Bloomington and Western
bonds, $2,550; loans secured by collaterals, $3,186,400; bills receiv¬
able, $15,000; cash on hand and in banks. $104,32157; real estate,
Railroad
$99,000; accrued interest, $23,343 93; other assets, $15,270; total
assets, $3,878,950 50.
Liabilities—Capital stock, $400,000; due to depositors, $3,231,784 99;
certified checks, $8,911 39; unpaid dividends,
$134; interest and taxes
accrued, $20,080; total liabilities, $3,660,910 38 ; surplus,
$218,040 12
.
REAL ESTATE TRUST COMPANY.
814
DISBURSEMENTS.
Vouchers prior to Nov. 18,1876
Vouchers subsequent to Nov. 17,
CENTRAL TRUST COMPANY.
Assets—Bonds and mortgages, $39,016 81; cash on hand and de¬
posited, $3,590 08 ; stock of the company, $5,425; loans on collaterals,
$19,350; real estate, cost, $661,775; accrued interest and rente,
$7,400 22 ; due from individuals, $87 05 ; total assets, $736,644 16.
Liabilities—Capital stock, $500,000 83 ; bonds and mortgages, $6,000;
bonds of the company, $18,000; due to depositors, $154,226 70; due to
individuals, $16,282 53; interest, taxes and expenses accrued, $3,136 78;
total liabilities, $697,646 84; surplus, $38,997 32.
MERCANTILE TRUST COMPANY.
$783,567
Assets—Western freehold mortgages, $993,893 80; other bonds and
mortgages, $105,614 83; loans secured by collaterals, $4,259,39141;
United States bonds, $339,567 38 ; railroad stocks and bonds, $1,375,430; cash on hand and deposited, $557,385 46; real estate, $921,782 93;
Pullman Palace Oar Co.—The
Chicago Tribune says : “ It
be regarded as certain that the suit of the Pullman Pal¬
ace Car Company against the Missouri Pacific Railroad, the
main stem of Gould’s Southwestern system, is an actual basis managers’ and unadjusted accounts, $13,387 93; bills receivable.
of consolidation which will give Messrs. Vanderbilt and Gould $80,199; mortgage interest due and accrued, $33,551 11; interest, and
commissions accrued, $76,244 74; total assets, $8,756,448 59.
control of the sleeping-car system of the United States. It
Liabilities—Capital stock, $2,000,000, guaranteed mortgage bonds
will be known as the Pullman Car Company, and managed in sold, $608,100; debentures sold, $242,973 66; duo to depositors,
accordance with the plans conceived and followed out by Mr. $6,322,016 91 ; due to sundry individuals, $38,889 79 ; coupons not pre¬
sented for payment, $17,601 90; interest, taxes and expenses accrued,
Pullman sixteen years ago. It is thought by those whose rela¬ $51,422 97; certified checks, $82,783 51; total liabilities, $8,363,788 74;
tions with the Pullmans are very intimate that the car shops surplus, $392,659 85.
at the town of Pullman will form no part of the consolidation,
NEW YORK LIFE INSURANCE & TRUST COMPANY.
thoagh this is by no means certain. The reason for this belief
Assets—Bonds and mortgages, $1,020,706 69; United States bonds,
is the fact that the Wagner Company has no shops and is $4,281,262 50; Massachusetts State bonds, $958,230; New York bonds,
Warren Railroad stock, $11,000; Gallatin National Bank
dependent for its cars upon large car-manufacturing companies $534,445;
stock, $16,800; Bank of America stock, $11,248; Merchants’N ational
may
at the East.”
Bank stock, $14,960; New Hampshire State bonds, $36,430; Morris &
St. Lonis & San Francisco.—The Boston Transcript says: Essex Railroad bonds, $120,000; Central Railroad of New Jersey bonds,
New Jersey State bonds, $40.000; bills receivable, $2,173,The St. Louis & San Francisco will make a very favorable $46,410;
625 03; loans on collaterals, $7,975,909 81; real estate, $292,923 08;
exhibit in its annual report for the past year. The approxi-' cash on hand and in bank, $217,570 26; suspense account worth,
mate figures just made up are as follows :
$28,760; interest accrued, $153,000; total assets, $17,933,280 37.
Liabilities—Capital stock, $1,000,000; due depositors, $14,274,076 40;
Increase.
1881.
1880.
annuities granted, $200,251 41; life insurance, $202,200; other liabili¬
Gross earnings
.$3,155,300
$2,698,370
$456,935 ties,
$401,500; total liabilities, $16,078,027 81; surplus, $1,855,252 56.
Operating expenses
Per cent of expenses to
Improvements
.
1,367,169
1,202,590
164,579
43-32
44*56
*1*24
$155,742
$119,357
$36,385
36,774
$292,356
73,159
UNITED STATES MORTGAGE COMPANY.
earnings
.
Taxes
79,096
42,322
Net after expenses
$1,788,136
Deduct improvements and taxes.
234,839
$1,495,780
.$1,553,297
$1,334,100
950,099
863,899
$219,196
86,200
$603,197
$470,201
$132,996
289,443
144,693
$313,754
$325,507
Surplus earnings
Interest charge
.
Balance
.
Dividends
Not divided
*
.
161,679
Decrease.
St. Lonis Yandalia & Terre Haute.—President Messier has
presented the report of the directors, which shows the gross
earnings for the fiscal year ending October 31 to have been
*1 ,565,515, of which the company received thirty per cent as
rental from the lessee, amounting to $469,654, and sundry
amounts of interest received $169, making a total income of
$469,824, from which was paid $34,111 for taxes and general
expenses, and $314,930 for interest on first and second
mortgage bonds, leaving a surplus for the year of about
$12,000. The loss to the lessee in operating the road was
$281,081. The old board of directors was re-elected and after¬
ward organized by re-electing Thomas D. Messier, President;
W. H. Barnes, Treasurer, and William Plant, Secretary.
Trngt Companies in New York City.—The following are
abstracts of the annual statements of the Trust, Loan and
Assets—Mortgage loans, $3,188,070 85; taxes, &c., advanced by
company, $157,524
estate acquired by
the
66; interest due and accrued, $379,947 12; real
foreclosure, $849,915 40; furniture iu Sherman
No. 50 Wall Street, less mort¬
gage, $255,765 01; rente accrued, $5,100 83; cash on hand and de¬
posited. $727,250 74; total assets, $5,629,690 43.
Liabilities—Capital stock, $1,000,000; bonds of the company due
1912, $4,478,936; accrued interest on same, $134,368 08; unearned
interest collected in advance, $4,215; total liabilities, $5,617,519 08
surplus, $12,171 35.
EQUITABLE TRUST COMPANY.
Assets—Mortgage loans, $3,354,238 63 ; special mortgage loans, $50,House, Chicago. $66,115 82; real estate,
mortgage notes, $32,556 76; loans of 1878
191 16; real estate, $2,652,111 02; interest due
645;
to 1881, $1,567,from borrowers,
$235,44175; insurance and taxes advanced, $18,059 96; bills receiv¬
able, $2,145 50; cash on hand and deposited, $381,410 37; due from
sundry debtors, $10,481 17; total assets, $8,304,281 32.
Liabilities—Capital stock. $1,500,000; guaranteed mortgage bonds
sold, $2,260,350; trustees’ certificates, May, 1882, $11,000; deben¬
tures, $4,122,000; guaranteed mortgage bonds due and outstanding,
$37,500; coupons not presented, $53,746; due to sundry creditors,
$16,321 33; loans from individuals and firms, $148,360; totai liabili¬
ties, $8,149,277 33; surplus, $155,003 99.
UNION TRUST COMPANY
Assets—United States bonds, $2,128,200; Lake Shore & Michigan
Southern RaiLroad bonds, $129,000; bonds and mortgages, $14,600;
real estate, $2,000; cash ou hand and in bank, $483,317 61 ; loans
secured by collaterals, $13,397,491 86; intnest and commissions
accrued $168,927 15; total assets, $16,323,530 62.
Liabilities—Capital stock, $1,000,000; due to depositors, $14,087,
certified checks ottisUmRug, $63,935 2i ; uupaid dividend and
coupon checks, $16,861 68; expenses, taxes and interest accrued,
$1 SO,886 26; total liabilities, $15,346,020 24; surplus, $977,5163® R*
337 09;
January
The Commercial
63
CHRONICLE.
THE
14, 1882.]
COTTON.
jinxes
January 13, 1882.
indicated by our telegrams
Friday, P. M.,
The Movement of the Crop, as
from the South to-night, is given below.
this evening (Jan. 13), the total receipts
For the week ending
have reached 114,868
bales, against 152,429 bales last week, 195,808 bales the previous
Friday Night, January 13,1882.
week and 201,855 bales three weeks since; making the total
The new year opens auspiciously for general trade. Some receipts since the 1st of September, 1881, 3,444,225 bales, against
branches of business were unfavorably affected by the unsea¬ 3,694,438 bales for the same period of 1880-81, showing a decrease
sonable mildness of the autumn and winter months, but mer¬ since September 1, 1881, of 250,213 bales.
cantile affairs appear to be generally on a sound basis, with
activity in almost every department.
.Labor is very fully Receipts at— Sat. Mon. Tues. Wed. Thut's. Fri. Total.
795
801
826
employed, and manufacturers do not complain of accumulations Galveston
8,397
2,517
2,047
1,411
of goods. The pressure on the money market appears also to
257
257
Indianola, &c.
have been permanently relieved. Export business in staples of
29,533
7,711
3,460
2,776
3,435
6,784
5,367
New Orleans...
agriculture has increased, and at the same time they are mar¬ Mobile
239
682
382
664
3,933
566
1,400
keted more freely, preventing any undue or speculative
781
781
Florida
COMMERCIAL
EPITOME.
....
....
....
....
....
....
•
>
advance in values.
Pork, bacon and cut meats have been quiet in this market for
the week under review, but it is understood that a large busi¬
ness has been done at the West for through shipment
to
Europe. Lard has been less active, but closed about steady on
the spot at ll’25c. for prime Western, and ll*50c. for refined.
For future delivery there is some decline, and the close this
evening was at ll*27/£c. for February, ll‘42%c. for March,
April, and ll,62^c. for May. Beef is firmer for
India mess, owing, it is said, to large purchases for account of
the British Admiralty, and the close is at $26@28 per tierce.
Butter and cheese are without decided change, but tallow has
advanced to 8%@8%c. Pork-packing at the West continues to
show a large falling off from last year. The following is a com¬
parative summary of aggregate exports from Nov. 1 to Dec. 31:
ir55c.
for
1881.
1880.
Pork, lbs
11,002,800
Bacon, lbs
Lard, lbs
53,453,756
12,030,800
149,666,182
72,572,391
96,104,006
10%c., while ordinary
close at 9c.; mild grades have been quiet, partly owing to
refusal by importers to continue the allowance to buyers
the
for
lightering the coffee from Brooklyn. A coffee board has been
organized during the past week. Rice has been steady, with a
pretty good trade. Tea has shown no marked change at the
auction sales. Spices have sold freely, especially pepper,
which has ruled firmer; cloves have, nowever, declined to
26/£@27c. Foreign fruits have been quiet but firm. Raw
sugar has been fairly active, at a slight advance for Muscovado,
which has latterly been quoted at 7/6c. for fair refining,
while centrifugal has remained firm at 8%c. for 96-degrees test.
Refined has been active and higher, owing to the burning of
the Haveraeyer refinery, one of the largest establishments of
its kind in the world. Prices almost immediately advanced
about lc., but afterwards there was some re-action. The fol¬
lowing shows the statistical position of raw:
Hhds.
Receipts since January 1....
Sales
Stock
Stock
Stock
Stock
since Januarv 1
January
January
January
January
11, 1882
12, 1881
14, 1880
15, 1879
....
....
....
....
....
....
4,158
11,698
16,827
22,442
21,553
13,426
7,716
Melado.
Bags.
97,819
98,077
41
322,918
968,698
2,423
9,457
5,362
620.008
327,203
Boxes.
7,714
8
l,6SO
granulated, 10/6c. for crushed,
10@10%c. for powdered, and 8%@9c. for standard soft white
Refined closed at 9/^@9%c. for
“A.”
Kentucky tobacco has been more active, and sales for the
week are 1,500 hhds., of which 1,150 for export and 350 for
home consumption. Prices are firmer for low grades; lugs,
6/£@8c., and leaf, 8}6@12/6c. Seed leaf also more active, and
sales for the week aggregate 1,750 cases, as follows: 250 cases
1880
Pennsylvania fillers, 6@7c., and assorted, 12c@
New England wrappers, 15@35c.; 650
crop, Ohio fillers, 4c., assorted, 6%@10c. and wrappers
crop,
18c.; 700 cases 1880 crop,
cases
1880
Wisconsin fillers, 3/6c., as¬
sorted, 6@7c, and wrappers, ll@15c. Of Spanish tobacco there
are but few sales, excepting those at public sale, which foot up
some 800 bales; also at private sale 400 bales Havana fillers,
ll@16c, and 150 cases 1880 crop,
88c.@$l 25.
Ingot copper has been quiet at 20%@20?6c. for Lake Su¬
perior. Lead has sold freely at 5*05@5T2/£c. for common pig,
which shows & decline. Spelter has been quiet but steady at
5%@6c. for foreign and domestic. Pig tin has ruled firmer at
24^6@24%c. for straits, the higher figure being the closing
rate; tin plates have been in fair demand and steady. American
ig iron has been active and strong at $25 for No 2 and $26 50@
527 for No. 1. Scotch has been quiet at firmer prices, Eglington now being quoted at $24 50 and G-artsherrie at $26@
$26 50, while Glengarnoch to arrive has sold at $25 50.
Strained rosin has been easier, owing to larger receipts, and a
good business has latterly been done at‘$2 37)6 for good grade,
loaded; the close is quiet and steady at $2 35@$2 40 for
common to good.
Spirits turpentine has been quiet at a de¬
cline to 55c., closing at this price. Hides have sola more freely
at a further decline of /6@lc. Leather has been moderately
active and without marked change. Hops have been dull for
export, and although at one time fairly active for home con¬
sumption have latterly become quiet generally and prices are
not very steady.
Refined petroleum has been dull and lower at
<5%c. from renners and 6%c. for re-sales of contracts held by
exporters. Certificates have fluctuated within a narrow range
during the week, and close at 81^c.
1,528
1,124
Charleston
&c.
552
389
Wilmington ....
Moreh’d C.,&c
City Point,&c.
2,340
3,578
3,196
1,122
Boston
Baltimore
521
....
138
83
226
661
1,185
....
1,524
1,166
2,614
2,244
607
1,014
974
....
11,259
9,944
13,697
7,585
221
....
3,412
1,146
70
15,187 12,362 31,380 114,868
17,951 21,640 16,348
Totals this week
984
301
1,001
124
....
7,834
934
2,244
1,847
9,944
1,841
....
3,791
1,769
1,450
....
....
2,017
1,754
1,540
....
Philadelp’a, &c.
388
....
....
New York
....
463
....
....
1,460
Norfolk
....
12,173
....
1,332
....
....
....
1,457
943
1,957
....
....
....
.
2,083
1,877
2,618
....
....
.
For comparison, we give the following table showing the week’s
1,028,000 total receipts, the total since Sept. 1,1881, and the stocks to-night
53,562,176 and the same items for the corresponding periods of last year.
19,118,635
c
higher; fair cargoes have declined to
Brunsw’k, &c.
Pt. Royal,
1,507
2,131
Savannah
.
Decrease.
160,560,562
234,269,373
73,708,811
Rio coffee has been quiet, and latterly rather irregular, the
lower grades being much more firmly sustained than the
Total lbs
....
....
Sep.
1,1881.
8,397
Galveston
257
Indianola, &c..
29,533
3,933
New Orleans
Mobile
781
Florida
Savannah
12,173
Brunswick, &c.
7,834
Charleston
984
Port
Royal, &c.
Wilmington
M’liead City,&c
Norfolk
City Point, &c.
New York
2,614
2,244
11,259
9,944
13,697
Philadelphia, &c.
98,958 130,711
418,073
240
11,309
109,009
14,997
1,412
3,412
39,462
•
•
•
»
875,717 378,058 287,417
266,647 43,947 56,710
30,565
8,628
99
18,422
391
5,086
648,818 100,084 98,745
4,144
468,716 73,492 79,344
579
1,733
38,263
6,460
96,193 13,739
23,458
500,069 48,509 33,553
151,099
66,900 300,639 167,832
5,804
6,820
70,168
15,125 55,627 29,360
21,317 15,420 11,693
20,276
10,382
128
1,040
13,671
4,803
8,153
5,123
752
1,094
*
114,868 3,444,225 129.604 3,694,438
Total
1881.
1882.
1,1880.
22,946
221
Baltimore
Week..
327,458
12,262
932,722
201,747
19,749
584,169
6,464
402,474
16,883
433,803
91,458
95,413
138,885
17,270
7,585
Boston
Since Sep.
This
Since
This
Week.
Stock.
1880-81.
1881-82.
Receipts to
January 13.
913,294
1,137,125.
comparison may be made with other years, we
give below the totals at leading ports tor six seasons.
In order that
Receipts at—
Galvest’n,&c.
Mobile
8,654
29,533
3,933
Savannah....
12.173
Charl’st’n, <fec
All others....
8,818
4,858
21,203
25,696
Tot. this w’k.
114,868
New Orleans.
Wilm’gt’n, &c
Norfolk, &o..
8ince
1877.
1878.
1879.
1880.
1881.
1882.
8,993
11,615
10,380
15,412
40,700
25,165
26,726
15,240
15,513
12,741
16,154
10,905
1,558
14,503
21,935
63,620
19,427
16,984
12,073
2,484
17,138
11,571
12,480
129,604
129,489
113,613
153,727
115,015
23,186
30,565
8,628
20,276
10,510
2,452
18,474
-
19,576
15,511
3,144
13,458
9,904
13,849
17,618
11,123
3,953
13,849
Sept. 1. 3444.225 3694,438 3445,830 2953,995 2794,496 2893,368
Galveston includes Indianola; Charleston
Wilmington includes Moreliead City, &c.;
The exports
includes Fore Royal, &c.
Norfolk includes City Point, &c
for the week ending this
evening reach a total
bales, of which 76,931 were to Great Britain, 29,855 to
France and 31,560 to rest of the Continent, while the stocks as
made up this evening are now 1,137,121 bales. Below are the
exports for the week and since September 1.1881.
of 138,346
Week Ending Jan.
13.
Exported to—
Export*
from—
Galveston
New Orleans..
Mobile
Great
Brit’n.
France
1,200
5,297
10,543 27,480
4,259
••••••
Florida
Charleston *...
Wilmington...
Norfolk
8,009
8,739
2.28a
15,507
New York
0,431
Boston
4,798
1,000
4,000
Baltimore
Philadelp’a,Ac
Tot&l
•••••••»
Total 1880-81
70,931
69,548
1,175
Total
Great
nent.
Week.
Britain.
1,049
9,27*
1,131
5,271
9,675
850
••••••
••••••
••••••
•••••«
Sept. 1.1881, to Jan. 13,1882.
Exported to—
Conti-
7,543
53,295
5,390
•
8avannah
From
3,463
••••••
852
......
14,515
18,414
3,138
15,50?
9,894
4,795
1,852
4,000
ContiFrance
83,953 12,199
274,633 163,159
3,331
15,096
3,900
92,263 15,430
108,320 18,287]
1,430
38,195
2,530
183,336
154,153 15,074
50,255
35,691
24,506
•
•
.
Total*
nent.
38,521
130,964
1,131
131,238
87,226
7,712
13,930
34,010
134,673
568,818
19,553
3,900
238,931
213,833
47,337
199,848
303,137
1
50,258
20,443
56,134
50
24,558
29,855
31,590 138,346 1.064,361 231,490
465,229 1,761,077
22,340
13.899 105.772 !,407.892 300.759
521,517 2,330.168
"lkoludat exports from Port Royal, Ac.
>4
61
THE CHRONIC LE.
prepared for our special use by Messrs. Carey, Yale &
Lambert, 60 Beaver Street.
are
On
Jan. 13, at—
Shipboard, not cleared—for.
Orcat
Britain.
Other
France.
Leaving
Coast¬
wise.
Foreign
Stock.
Total.
1
Sales Total
Sales, Friday, Closing Prices Sales, Closing Prices Sales, Closing Prices Sales, Prices Sales, Closinc Prices Sales,
P
r
i
c
e
s
C
l
o
s
i
n
g
s
a
l
e
s
since
paid total Jan. paid, total paid total paid total Jan. paid total Jan. paid total
t
h
i
s
Jan.
Jan.
Sept.
Jan.
13—
9
—
107—
Thursday, Wednsay, Tuesday, Monday, Saturdy,
wek. (range).
1,
’81
*
30,930
8.145
3,000
None.
None.
1.578
None.
None.
8.300
Charleston
Savannah
Galveston
New York
4,360
6,600
10,663
3,800
3,500
Other ports
Total
*
68,153
1.030
None.
None.
None.
55,126
322.932
32,647
11,300
4,860
14,500
5(0
3,200
14,726
12,723
Included in this amount there
porta, tlio destination
15,021
4,700
w
0
0
2,984
None.
29,951
*4,650
69.007
295,989
2,000
1,000
6,500
135,447
10,214
126,887 1010238
500 bales at presses for
of wliicli we cannot learn.
are
foreign
to
M
transit, but the regular
demand for export and consumption has been limited. The
advance noted in our last was well maintained till last
evening,
when the close
at 12c. for
was
weak; and to-day the market
was
very
middling uplands.
The total sales for forward delivery for the week
bales. For immediate delivery the total sales foot
are
dull
M
this week
9,552 bales, including 797 for export, 1,868 for
consumption,
2,504 for speculation and 4,383 in transit. Of the above, — bales
Were to arrive.
The following are the official
quotations and
Bales for ?ach day of the past week.
UPLANDS.
Jan. 7 to
Jan. 13
Sat.
Ordin’y.$1b
93 |ft
9*4
Strict Ord..
mou Tne*
914
9516
91*16
Good Ord.. lp9ie 105s
8tr. G’d Ord 11
11*10
Low Midd’g 117I6 11*2
Btr.L’w Mid H1118 11%
Middling... 1178
Good Mid.. 12*4
Str. G’d Mid 12ls
Midd’g Fair 13
Fair
13%
Wed
Ordin’y.$lb
9bi6
NEW ORLEANS.
111516
l‘«b,0
12*16
13116
131*16
Tb.
95]0
Sat.
913
10*16
lOUxe 1076
1118
11516
11*18 11 %
12
12*8
125g
1318
1378
10*8
1011C
10*16
11
1078
101*10
11
117t6
11*16
11*8
11%
117,0
1113,6
121,0
11
12
123,0
12*10
1213,6
13*16
141,6
1214
12*8
1278
13%
1118
11 7S
12b,
12*io
1211,6
121*16
137,6
14*16
9*16
9*8
10*16
0®8.
10*16
9*8
10*16
11716
11^8
117,6
1178
117,6 117,Q
12i8
11
11 716
11 "8
1218
1178
1218
1178
12*8
1210
12*8
125g
Midd’g Fail 13 *8
12*8
1258
13*8
13 7a
1318
12
13 7e
STAINED.
&
Ordinary
Middling
Middling...
11
11
12^,6
12*,c
211,6
121516 121516 121*16
13710 137,6 13716
14*16 14*, 0 14*16
121 :ic 1211,6 1
Sat.
Ordinary....
Low
101*ie
11*8
1H*16
78
121,fi 121s
1214
12*16
l-*Jl0 12*8
12%6
1211,6
12**16 1278 121*16
1 J>>16 13*8
13716
141x6 Ills
143,6
1218
12°i0
8%
9%
Mon
Wed
9*8
10*16
878
978
Tb.
Frl.
95h
9*8
10*16 103,6
11
11
12*16 12*16 12*,6
1211,6 1211,6 1211,6
1215,6 121*16 12i*ie
137,6 137,6 137,6
143,6 14*16 14*,6
Tae» Wed
813,6
913,6
10716 1012
11716 11*3
878
978
109,6
Tb.
Fri.
878
87s
978
978
io*,« 10«1K
100,0
11916 11*16 11*10 m*i«
MARKET AND SALES.
SALES OF SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
Ex¬
Con-
port. sump. uTVn
Bat.. Quiet...
Steady at i,e adv
Toes. Easier at J,e adv
Wed
Dull
Thura Easy
Fri.. Quiet
112
382
251
404
416
3001
279
Total
797,
1,868
Mon
.
Speer
Tranr
sit.
136
110
275
.
...
Total.
FUTURES.
Sales.
136 104,700
1,009 119,500
1,302 156,500
Deliv¬
eries.
1,633
2,750
2,372 112,900
3,529 121,200
90 0
900
500
500
500
400
2,504*4,383
9,552 714,200
3,700
517
776
800
211
200
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Prices
M
MM
CCCi
‘VO
I
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bx
XX
| §to
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of
Easier. 104,70 Varible. Sales. and Market,
H hM
bb
cce
1 ©^
MSales arket,
and,
A
Iregula. Varible
h-*
TUBES.
(range).
<z>
i-1
M
b b®
M
0
9*3
Fri.
Good Mid.. 12*8
Btr. G’d Mid 12 5g
Strict Good
103i6
9*16
Tb.
Middling... 12
Good
1018
918
Wed
11!*16
lJPie
12
M M
to CO
Mon Tue«
Frl.
gtr.I/wMid lllSlQ
13 78
P5q
12
Strict Ord.. 97e
9 '8
97o
Good Ord.. 10U16 lOllie lOUxe 11
Str. G’d Ord lllfi
11^3
11 716
1118
Z*ow Midd’g 11*10 11*16 11*16 U78
Fair
Sat.
M M
M M
CO CO
9*16
978
1113x6
ITIoxi Tuea
TEXAS.
i-* (—*
M co
714,200
up
M
(range).
1 *06
1 *56
113* 0 50. Firm. 3)1*20 19,50 Higher.
Dul.
l-* M
00
The
The reduced movement of the
crop was due in part to
bad weather at the South.
To-day there was a variable
market, closing at some decline. Cotton on the spot was more
active for speculation and for lines in
(range).
1—
714,20 Easier. a)13*20 12,0 Varible. Lower. 1605)3*27 12,90 Varible. 1*G2®35 9,40 Firme.
1—
c
0
holders.
(range).
B
i
W
speculation in cotton for future delivery has been com¬
paratively quiet for the week under review, and the fluctuations
in values have not been as wide a3 usual. The
opening on
Saturday last was somewhat depressed, under the large visible
supply, but a reduction in receipts at the ports caused, on Mon¬
day and Wednesday, prices to advance. Yesterday the opening
w<ts buoyant, but the demand fell off, and “ outside ”
operators
for the rise became sellers to realize,
encouraging at the same
time selling for the decline, under which
prices gave way for all
deliveries except January. The failure of
prices to advance
when receipts at the ports were
really small discouraged many
•
m
j
(range).
C
12—
1 *0
ifto>
•-1
68,632
85,c84
350
35,297
M
|
Few Orleans
FI
Closn£r-
In addition to above exports, our telegrams
to-night also give
ns the following amounts of cotton on
shipboard, not cleared, at
the ports named. We add similar figures for New York, which
,Vol. XXXIV.
I ©
O*
W w
M M
MM
bb
O
-1M
ci
1 ©
MM£.
MMqq
bb®
wb<®
O' M
x-1
mmo
0
r»
O
M M 0
•Includes sales m September, 1881, for
September, 31,4,000; September-October for October. 416,400; September-Noveinber
for November,
511,200; September-December for December, 1,479,100.
A Includes for December,
1882, 200 at 11*54.
B Includes for December, 1882, 200 at 11*65.
C Includes for December, 1882, 100 at 11*62.
Transferable Orders—Saturday, 11*90;
Monday, 12c.; Tuesday, 12c.;
Wednesday, 12c.; Thursday, 12c.; Friday, 11*95.
Short Notices for January—Saturday, 11*85;
Monday, 11*89; Tuesday,
11*99.
The
following exchanges have been made during the week:
*26 pd. to exeli. 800 Feb. for Mar.
*71 p
to exch. 100 Oct. for Sept.
‘20 pd. to exch. 500 Mar. for Apr.
The Visible Supply
*28 pd. to exch. 1,000 Feb. for Mar.
pd. to exch. 100 Mar. for April.
*28 pd. to exch. 500 Feb. for Mar.
*22
op Cotton, as made
up by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, bat the
^totals for Great Britain and the afloat
The Sales and Prices op Futures are shown
by the follow¬ for the Continent are this week’s returns, and
consequently
ing comprehensive table. In this statement will be found the.
brought down to Thursday evening; hence, to make the totals the
daily market, the prices of sales for each month each day, ant5
complete figures for to-night (Jan. 13), we add the item of exports
the closing bids, in addition to the daily and tot a aLes
from the United States, including in it the
exports of Friday only.
The dally deliveries given above are
actually deiiveied the day pitTkxu to that on which they are re porto L
e
January 14, 18b2
Stock at Liverpool
Stxjkat London....
THE CHRONCILE
]
1882.
572.000
1881.
487.000
1880.
501.000
40,700
34,000
424,000
47,323
49,250
612,700
521.000
117,000
71,200
548,323
54,970
1,324
473,250
109,250
bales.
...........
Total Great Britain stock
Stock at Havre
Stock at Marseilles
Stoofc at Barcelona
.
'
3.400
6.800
24.700
21,500
22,000
42,700
Stock at Hanmurg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stockat Antwerp
Stock at otlier conti’ntal ports.
24.000
Total continental ports....
Total European stocks..
India cotton afloat for Europe.
Amer’n ootton afloat for Eur’pe
5,530
3,800
229,260
142,810
121,107
208,000
90G
Egypt,Brazil,&c.,aflt for E’r’pe
663.810
82.000
736,000
45,000
Stock in United States ports
1 ,137,125
Stock in U. S. interior porta... 390,783
23,000
18,000
Oct. 28
Not. 4
26,000
834.136
233,236
16,000
413,000
109,000
363,000
363,000
100,000
302,000
American afloat for Europe.... 525.000
United States stock
1,137.123
United States interior stocks.. 390.783
80,000
736,000
912,812
277,339
14,000
511,269
895,366
332,383
135,000
510,000
834,136
233,236
16,000
Continental stocks
United States exports to-day..
Total American
18,000
16.000
Liverpool stock
London stock
Continental stocks
India afloat for Europe
,
119,000
40.700
133,000
34.000
42,810
82,000
45,000
54,279
28,000
49.250
73,000
53.000
22,312
26.000
497.960
305.810
303.021
323.250
Egypt, Brazil, &c., afloat
Total East India, &c
Total American
.
138,000
47,323
41,107
122,000
.2,592,908 2,408,171 2,218,018 2,030,372
Total visible supply
Prioe Mid. Upl., Liverpool
,3,090,868 2,713,981 2,521,039 2.333.622
6* licd.
6581.
7 isl.
5%1.
'
0*The imports into Continental ports this week hare been
42,600 bales.
The above figures indicate an increase in the
cotton in sight
to-night of 376,887 bales as compared with the same date of 1881,
an increase of 569,829 bales
as
compared with the corres¬
ponding date of 1880 and
pared with 1879.
increase of 737,246 bales
an
as com¬
4*.
At the Interior Ports the
moveraente-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
period of 1880-SI—is
Total, Total,
all
Litle
Houstn,
Rock,
Raleigh,
%
to
00
Mo N.
C\.
O.
corresponding
following statement:
SMemphis, elma, Macon, Augsta,
D
a
l
s
,
J
e
t
r
s
o
n
,
Columbs, Vicksburg, Text Texas. Nashvile, Ala Ga Columbs, Ga Towns.
Ala. Mis. Mis. La. Ten. Ten. Ga*.
Cincat, Charlote,
S
C.
©
On
R
o
m
e
,
Louis, Ga GaAtlan, GaGritfu, Eufal,
old
N.
—
In
CD
Total,
Tex. Tex. Ark. Ky.- Va. CL. ports.
ports
21
f-
St.
Petrsbug, Newbry,
BLouisvle, renham,
now
set out in detail in the
A1
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Actual stock.
t This year’s figures estimated.
Jan.
14.
Stock 18.
i
The above totals show that the old interior
stocks have de¬
during the week 16,121 bales, and are to-night 113,424
bales more than at the same
period last year. The receipts at
•he
creased
same towns have been 248 bales
less than the same week
year, and since Sept. 1 they are 68,470 bales less than for
the same time in 1880-81.
Receipts
2
“
9
“
10
23
“
30
Jan.
....
79-’cO. ’tso-’ai. ’81-’68.
115,733 179,676 218,150 265,355
133,903 204.759 254,938 243,257
187.126 227,135 285,408 273.437
218,993 242,326 300.758 250,280
264,183 247,911 325,903 234,337
267.109 248,865 350,364 239,093
2S 1,711 225,296
276,851
238,218
271,809
210,777
253,473
254,890
246,187
241,021
219,295 4240,631
317,166 265,276 370,247 265,235
2:9,548 253.227
313.503 294,224 397.538 214,942
267,438 263,837
364.926 310,015 406,661 229,024
253,771 210,978
355.943 321,225 416,363 145,323
207,645 205.510
149.486 110.735 152,429 349,85' 3 )0,509
40P,90 4 143,402 10,019 142,970
K9.4S9 129,604' 114,363 3:2 333'277.3:9 390,783 132.018 lC0.4f4
98.747
231,876 243,1371233,314
218,907
207.601 237.980i201,855
154,300 190,435! 193.808
233,43oj230,576
0
“
213,613 254.830 203,241
825.037 251,763 216.685
220,216 215,842 224,420
218,103 256,618 224.S37
249,152 205,192 221,376
216.167 218,341 216.170
’
13..;.
The above statement shows—
1. That the total receipts from the
plantations since
1881 were 3,759,811 bales; in 1889 were
3,950,854
Sept. 1 in
bales; m 1879
3,790,912 bales.
That, although the receipts at the out-ports the past week
were 114,868 bales, the actual movement
from plantations was
only 98,747 bales, the balance being taken from the stocks at
the interior ports.
Last year the receipts from the planta¬
tions for the same week were 106,454 bales and
for 1879 they
were 132,013 bales.
2.
Weather Reports by Telegraph.—The
past week has been
in almost all sections of the South, and in some sections
very rainy, interfering with farm work, and to a limited extent
with the marketing of the
crop.
Galveston, Texas.—It has rained on five days
during the past
week, the rainfall reaching two inches and fourteen hundredths.
rainy
Plowing is suspended.
The cause of the small receipts this
week is both bad roads and short
crop. The thermometer has
averaged 63, ranging from 56 to 71.’
The weather was warm and
dry during all of last week.
Planting has been commenced in most sections. The thermome¬
ter
ranged from 44 to 71, and
averaged
53. Paring the
month of December the rainfall reached
five inches and
eightyfive hundredths.
The annual rainfall at Galveston for the
past ten years was as
follows: For 1881, 51*9S inches; 1880, 50*97
Indianola, Texas.—It lias rained on four days of the past
week (constant drizzles). The rainfall reached
seventy-one hun¬
dredths of an inch
It is too wet for work.
63, highest 74 and lowest 51.
Average thermome¬
It was showery on four
days of last week, and the rainfall
reached seventy-one hundredths of an inch.
Crop preparations
have been begun. The thermometer
averaged 58, the highest
being 74 and the lowest 41. Rainfall for the month of Decem¬
ber one inch and twenty hundredths.
The annual rainfall at Indianola for the
past nine years was
as
follows: For 1881, 37*63 inches;
1880, 4610. inches; 1879,
26*72 inches; 1878, 37*74 inches; 1877,42*67
inches; 1876,^32*14
inches; 1875, 35*39 inches; 1874, 43*06 inches; 1873, 43*27 inches.
Corsicana, Texas.—The annual rainfall at Corsicana for tht
past seven years was as follows: For 1881,
42 06 inches; 1S79, 36*19 inches;
1878, 39*06
37*78 inches; 188f,
inches; 1877, 43*89
inches; 1876, 33*69 inches; 1S75, 32 11 inches.
Dallas, Texas.—We have had hard rain on four
days of th*
past week. The roads are in a wretched condition, and farm
work is stopped. The thermometer has
ranged from 51 to 70,
averaging 60, and the rainfall reached two inches and eighty-
five hundredths.
is
M
Vh Qt*©V| if* ©'to’xi'M ©'d *© <1 © CO rf* ©'*-1
#-CKif*M©©^©wc-)©aoif*>-i©MtotooK
25
“
ter
teco
tj
K3
|
M
©
18
Stock at Interior Ports Rec’pts from
PUmt’ns.
’79-'S0. ’80-’81. ’81 -’62. *79-’60. ’80-’81. ’81-'82
inches; 1879, 26*90
inches; 1878, 60*90 inches; 1877, 66*87 inches; 1876, 50*92
inches;
1875, 58*48 inches; 1874, 49*58 inches; 1873, 58 91
inches; 1872,
41*72 inches.
Shrevpot, Montgm’ry,
.
a
were
159,000
120,260
11
‘
Dec.
2,592,908 2,408,171 2,218,018 2,030,372
East Indian,Brazil, dtc.—
“
“
16,000
Total visible supply
3,030,863 2,713,981 2,521,039 2,353,622
Ofthe above, the totals of American and other descriptions are as
follows:
American—
Liverpool stock
Receipts at the Ports.
truUng—
681,250
53,000
510,000
54.279
511,269
22,312
895.366
352.383
912,812
277,359
14,000
..
United Sts tea exports to-day..
669,430
safer conclusion through
RECEITTS FROM PLANTATIONS.
Week
841,960
133,000
525,000
..
28,750
8,150
a
Southern consumption; they are
simply a statement of the
weekly movement from the plantations of that part of the
crop
which finally reaches the market
through the out-ports.
34,500
11,750
2.000
4.000
2,090
therefore,
comparative statement
like the following. In
reply to frequent inquiries we will add
that these figures, of course, do not include
overland receipts or
8,250
12,202
32,232
1,225
1,750
1,930
620
tim
misleading, as they are made up more largely one year
than another, at the expense of the
interior stocks. We reach,
2,500
7.000
13.654
1,700
3,000
11.300
1879.
65
Daring all of last week the weather was dry. Small grains
look prromising.
Average thermometer 54, highest 71 and
lowest 39. During the month of December the rainfall
reached
ninety-one hundredths of an inch.
Brenham, Texas.—It has rained on five days of the pastweek, the rainfall reaching two inches. Farm work is sus¬
pended, and the roads are in a terrible condition, but no worse
than they were at this time last
year. The thermometer has
averaged 62, the highest being 73 and the lowest 52.
The weather was dry all of last week. Contracts for
labor are
now being made at about last
year’s rates. The thermometer
ranged from 40 to 71, and averaged 55. The rainfall for the
past month was seventy-five hundredths of an inch.
Palestine, Texas.—It has rained hard on three days of the
s
past week, the rainfall reaching one inch and twenty-three hunaredths. The wet weather interferes with the cotton
movement
and farm labor. Average thermometer
61, highest 70 and
lowest 52.
The weather
now
40.
was dry
during all of last week. Farmers are
Average thermometer 56, highest 71 and lowest
Rainfall for the month of December,
twenty-five hun¬
plowing.
dredths of
an
inch.
Plantations.—The following table is
New Orleans, Louisiana,—We have had rain on four
Jtepared for the purpose of
dajr*
the
actual
indicating
movement
each
of
the past week, the rainfall
*eek from the plantations.
one inch and twenty-six
Receipts at the outports are some- hundredths. The thermometerreaching
has averaged 67.
prom
the
-
THE
66
We had
no
rain during
last week.
CHRONICLE.
and
an
Third—In the “ Overland Cotton Movement”
The thermometer aver¬
aged 56.
Shreveport. Louisiana.—The weather has been warm, damp
and cloudy during the past week, with light rain on every day.
The rainfall reached three inches.
The thermometer has
44
ranged from
to 74.
Vicksburg, Mississippi.—We have had warm, sultry and
wet weather during the past week, with rain on every day.
Columbus, Mississippi.—It has rained on every day of the
past week, the rainfall reaching three inches and sixteen hun¬
dredths. The thermometer has ranged from 46 to 73, averag¬
ing 60.
Little Rock, Arkansas.—The weather has been cloudy all the
past week, with rain on four days. The rainfall reached two
inches and seventy-five hundredths. Average thermometer 46,
highest 66 and lowest 37.
Tuesday, Wednesday and Thursday of last week were cloudy,
with rain on two days, and the remainder of the week was clear
pleasant. The rainfall reached twenty-one hundredths of
and the thermometer ranged from 25 to 65, and
inch,
[VOU XXXIV
serious errors, but
as
to crop
there
are several-
altogether they do not alter the final results
in sight, or consumption. We
to-day; but
determined to reprint
reflection, as our
columns are so crowded, and the final results are right, we
have concluded not to do so. The principal error is in the St.
the entire Overland article
has done that work for
and to whom was given all the overland items to insert,
figures, where the clerk who
Louis
a
on
year,
used—with
a
kind of fatality no one can
explain—the receipts
large error
overland; but this is lessened by other items, and
finally the whole error is neutralized by later returns of'
receipts at the ports, which show that our figures were still too
instead of the
shipments, which of course added a
in the gross
small
even
after the
averaged 41.
large additions
made.
humiliating and intensely
we
Now these mistakes are all very
rained on six days of the past
week, the rainfall reaching four inches and sixty-two hundredths. annoying to us, especially as we used every effort and omitted
Average thermometer 51, highest 68, lowest 36.
no expense in securing all the overland figures by telegraph, so
Mobile, Alabama.—It has rained severely on two days and
has been showery on five days of the past week.
The rainfall ras to present them to our readers at the earliest moment.
reached two inches and fifty-three hundredths. The cause of
The best laid plans of mice and men,” etc.
the small receipts this week is principally exhaustion of crop.
Average thermometer 64, highest 72 and lowest 52.
Prices and Supply cf Cotton.—We have frequent inquiries
Montgomery, Alabama.—It has rained on three days of the
past week, and the balance of the week has been cloudy and with regard our opinion as t y the future of prices. It would
warm.
The thermometer has ranged from 51 to 75, averaging 63,
give us great pleasure to furnish the information, if we had it
and the rainfall reached one inch and seventy-two hundredths.
to impart.
That is one of those subjects about which we know
Selma, Alabama.—It has rained on six days of the past week,
the rainfall reaching two inches and twenty-nine hundredths. literally nothing. There are plenty of brokers who have the
The thermometer has averaged 62.
whole thing at their fingers ends, and any one of them would
Madison, Florida.—The weather has been warm and dry be
glad to tell our correspondents all about it, especially if after
during all of the past week. The thermometer has ranged from so
doing
the applicants leave an order to buy or sell with a
52 to 74, averaging 63.
broad
margin.
That too, by the way, is an excellent test for
Macon, Georgia.—We have had rain on three days of the
past week. The thermometer has ranged from 51 to 72.
any enquirer as to the correctness of the information, for after
Columbus, Georgia.—We have had rain on two days of the such a little transaction one is sure to know and to remember
past week, the rainfall reaching one inch and forty-one hun¬
dredths. The thermometer has averaged 65, the highest being well whether prices went up or down.
Our knowledge about cotton is wholly confined to a few facts
71, and the lowest 55.
Savannah, Georgia.—The weather during the past week has bearing upon supply and consumption. When we see sufficient
been pleasant and a little warm, with no rain. The thermometer cotton has been raised to satisfy the year’s demands, we are apt
has averaged 63, ranging from 47 to 76.
to say so, as we have said this year. But the meaning of such a
Augusta, Georgia.—The weather has been warm, sultry and
wet during the past week, with rain on every day.
The rainfall statement is not that prices are going down, for the market rates
reached sixty-nine hundredths of an inch. Cotton is still coming are the result, not only of that fact, but of many other con¬
in pretty freely. Average thermometer 59, highest 71 ana siderations. For instance, at the
present time, one important
lowest 46.
condition is that values are not high. Look at the following
Atlanta, Georgia.—It has rained on five days of the past
week, the rainfall reaching one inch and ninety hundredths. statement of quotations on the 3d of January for a series
The sun has not appeared during the week. Average ther¬ of years.
We take that date because we had prepared the
mometer 54, highest 64 and lowest 40.
back years for another purpose, and the eleven days which
Charleston, South Carolina.—We have had rain on two
have passed since, have not materially changed the situation.
days of the past week, the rainfall reaching eighteen hundredths
an
The
thermometer
of
inch.
has ranged from 47 to 76,
Nashville, Tennessee.—It has
“
averaging 60.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
January 12, 1882, and January 13.1881.
Jan. 12, '82. Jan. 13. ’81.
Feet. Inch.
Feet. Inch.
.Below high-watermark..
.Abovelow-water mark...
.Above low-water mark...
.Above low-water mark...
Above low-water mark...
Memphis....
4
29
42
13
38
12
1
5
8
O
O
7
4
16
9
11
9
Missing.
2
New Orleans reported below high-water mark of 1871 until
Sept. 9,1874, when the zero of gauge was changed to high-water I
mark of April 15 and 16, 1874, which is 6-lOths of a foot above
1871, or 16 feet above low-water mark at that point.
Errors.—We
were
clerical labor of
unfortunate last week in some of the
office connected with cotton. The only
very
our
carelessness—is
that other duties incident to an enlarged edition, and that one the
first of a new year, disturbed somewhat the ordinary smoothworking of our force. But we attempt no excuse—only an
apology—feeling at the same time gratified that none of the
errors have really misled our readers as to results.
First—In the latter part of the item “New York Cotton
Exchange” we wrote that, “ nothing has transpired respecting
excuse
for it—if excuse there can be for gross
%
“
“
actual sales since that mentioned
on
December 24 at $5,900.”
Before the item reached the reader the
referred to the date where it
correctly given, the intention of the statement was
turned into
had been
figure nine had been
a
cypher
;
but
as we
probably understood.
Second—In the item “ Stocks of Cotton,” in the last line but
one we are
♦he words
make further advances;”
written, “refuse to make farther advances.”
made to say “
were
refuse
as
1860. 1877.
January 3.
1878.
1879.
1880.
1881.
1882.
CottonIt
Middling
Low
middling..
•
1138
12®8
12*6
i
1510
11
9716
1234
1115i6
1178
9*16
123a
111-2
HT10
Cotton Goods—
Brown
sheetings..
Print cloths
5«eJ
9
84
8
9
8*2
8*
5
4
33g
53h
431C
4
glance from the above that cotton is not really
intrinsically dear. But yet another fact, which is a troublesome one, is that we have, during the last 2>i months, been
piling up stock here until it has got to be very burthensome,
and the question of price seems to be largely
reduced to a question of endurance between New York and
Liverpool, with the hot end of the poker in our hands. It was
just this situation we sought to guard against when way back
ia October (Chronicle, October 29, page 456), at the close of an
article on Mr. Ellison’s annual figures received by cable, we
stated that there was going to be no dearth of cotton this year
and that it would be wise to let Europe have all the cotton slie
wanted at the then present prices. On that very Friday (Oct.
29) when we wrote those words the quotations were precisely as
they are given above for the 3d of January. Had the course
we suggested been adopted—instead of running away from
Liverpool at every advance that market has made — we
would have rid ourselves of this extra surplus and at present
been in a good strong position for even higher rates. On the
contrary now, if by any accident prices should break, is there
not considerable danger that these heavy stocks will carry
values far below where they ought to be, and we be compelled to
market the great body of our crop at less than it is really worth.
On the question of supply we ought always to keep in mind
three points—(1) our own crop ; (2) the crops of other countries,
and (3) how much spinners can entrench on old stocks. As to
One
and
sees
at
a
January 14,
THE CHRONICLE.
1882.]
67
Y2
the
the
latter point
forgotten
some may have
first of last October the visible and
that on
invisible
supply (see Ellison’s circular in Chronicle, Nov. 19, page 547)
was about 500,000 bales more than in October, 1880, and about
800,000 bales more than in 1879. It is not at all likely that
stocks can be again reduced as low as in the latter year; but
those figures show the possibilities, under certain conditions,
and every man who wants to know the whole truth will keep
them in mind just now, while our holdings are so large. Then
?as to supply from other countries, it is clear there is to be a
considerable addition to last year’s shipments, both from Egypt
and India. As we write we have received the following from
Messrs. Wallace & Co., of Bombay, under date of December 8:
to the above totals to Dec. 31 the
shall be able to reach an exact
we
for the different
years.
1881-82.
1830-81.
1879-80.
1878-79.
1877-78.
1876-77.
Tot.Do.31
3,197,637 3,454,099 3,120,871 2,651,013 2,399,636 2,601,289
S.
20,294
15,776
9,614
18,351
18,523
8.
2....
28,830
30,208
30,235
16,245
22,227
3....
24,328
36,437
15,384
23,424
30,790
18,957
8.
4...
17,926
11,808
31,491
12,671
14,949
5....
23,405
8.
20.055
13,397
23,548
12,891
Jan. 1
“
“
“
“
“
6....
37,231
“
7....
17,951
“
S.
8....
“
9....
21,640
“
10...
16,349
15,187
12,362
31,380
16,773
25,039
22,906
17,286
17,551
34,762
20,411
33,248
14,528
14,394
20,046
23,926
13,778
19,929
8.
26,880
18,066
20,086
18,509
8.
13,218
31,768
24,319
17,404
19,321
29,232
27,093
27,877
14,735
14,174
15,706
8.
Altogether, the exports of Surats to Europe this season may
11....
S.
be expected to be considerably larger than last, notwithstand12
8.
22,132
19,317
13...
8.
ing increased local consumption.” This has been the tenor
21,127
23,732
19,037
of the reports from India for a long time. Egypt also gives the Total
3,444,225 3,665,661 3,380,011 2,877,892 2,667,862 2,801,067
same promise.
They had an excellent Nile, and the report is Percentage of total
t>on rec’nte Jan. 13
62-40
67-57
64 71
61-39
69-36
that it has resulted in their having an excellent yield, though
This statement shows that the receipts since Sept. 1 up to
during late weeks the receipts have been running smaller. And
to-night are now 221,436 bales less than they were to the same
as to our crop—well, we will not finish that sentence, because it
makes some of our Southern friends billious. But it is signifi¬ day of the month in 1881 and 64,214 bales more than they were
to the same day of the month in 1880.
We add to the table
cant of the situation now, that believers in 4.9 and 5.2 have the
percentages of total port receipts which had been received to
retired, and that there are very few believers in less than 5.5 January 13 in each of the years named.
India Cotton Movement from all Ports.—The figures which
left; pretty soon they, too, will all be gone, and then the esti¬
are
now collected for us, and forwarded by cable each Friday, of
mates will creep up slowly, until the whole chorus will join us
the shipments from Calcutta, Madras, Tuticorin, Carwar, &c.,
in saying, there is no dearth of cotton this year.
enable us, in connection with our
previously-received report from
Now, we do not pretend to know anything about the effect Bombay, to furnish our readers with
a full and complete India
of all these facts on the cotton market, but most certainly we movement for each week. We first give the Bombay statement
think if we had the crop under our control and wanted to make for the week and year, bringing the figures down to Jan. 12.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
the most out of it, we should try to roll off on Liverpool at
current prices a good big bunch of our present burden.
Shipments this week. Shipments since Jan. 1.
Receipts.
“
•“
“
...
“
•
daily receipts since that tims,
comparison of the movement
“
New York
Cotton Exchange.—It
seems
that the
names
of
Year
Great
BriVn.
Conti¬
nent
Conti¬
nent.
Great
Britain
Total.
This
Week.
Total.
Since
Jan. 1.
candidates for membership at the Cotton Exchange, after
being 1882 23,000 6,000 29,000 30,000 16,000
62,000
46,000 28,000
6.000
7.000
.1,000
13,000 23.000
39,000
passed by the Committee, must be posted five days previous to 1881 1.000
1880 1,000 2,6*00 3,000
28.000
3,000
6,000
9.000 17,000
Monday before they can be voted on.
The required time not 1879
2,000
4,000
26,000
6,000 U,00o
having yet expired for applicants, we cannot give the ballot’s
According to the foregoing, Bombay appears to show an
result before another Saturday. There will be a ballot next increase
compared with last year in the week’s receipts of 5,000
Monday.
bales, and an increase in shipments of 28,000 bales, and the
We have to correct, as elsewhere stated, a misprint last week shipments since January 1 show an increase of 33,009 balas.
The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for
-as regards the price of a seat sold.
Instead of $5,000, as the same week and
years has been as follows.
printed, it should have been $5,900. A sale has been made
CALCUTTA. MADRAS, TUTICORIN. CARWAR. RANGOON AND KURRACHER.
since then at
$5,700.
Shipments this week.
The list of visitors to the
m zr.
Exchange this week is
as follows:
J. J. Fisher, St. Louis.
I. YValley, Liverpool.
Jay J. Read, Chicago.
W. H.Van Voorhiss, Jr., New York.
€. L. Root, L. T.
S. E. Austen, Savannah.
.8. A. Green, Waco. 'I exas.
W. R. Russell, Norfolk.
J. C. Thomas, Cincinnati.
Jute Butts, Bagsing, Etc.—There has been no improvement
our last report, and but little business is
in the market since
doing. The only sales making are for jobbing wants, but large
parcels are not wanted. Holders are not pressing goods, how¬
ever, and prices are fairly steady, though a plump offer of a
shade less than quotations would be accepted for a quantity.
At the close the quotations are 8M@8/2C. for 1^2 lbs., 8%@9c.
for 154 lbs.. 9/£<a9%c. for 2 lbs, and 10M@llc. for standard
weights. Jute butts are in the same position, and beyond a few
100-bale lots we do not hear of any sales being made. Buy el’s
are not anxious to operate at the moment, and sellers are not
forcing goods, but there is an easier feeling to prices, and
though 2 1 l-16@2%c. for paper and 2%@3 l-16c. for bagging
grades are the figures, less will be accepted at the close.
Comparative Port Receipts
and
Daily Crop Movement.—
A
Year.
Great
BHtain.
1882
..
1881
1880
1879
Conti¬
nent.
Shipments since January 1.
Great
Britain.
Total.
6,000
2,000
8.000
4,000
2,000
2,000
3,000
6,000
3,000
9,000
20.000
5,000
4,000
Conti¬
nent.
Tola*
24.00f
33,000
11,000
8.000
15,000
18.000
6,000
4,000
The above totals for this week show that the movement from
the ports other than Bombay is 2.000 bales more than same
week last year. For the whole of India, therefore, the total ship¬
ments this week and since Jan. 1, 1882, and for the corresponding
weeks and periods of the two previous years, are as follows.
EXPORTS TO EUROPE FROM ALL INDIA.
°
to
1882.
hitmen ts
all Europe
This
from—
This
week.
1830.
Since
Jan. 1.
This
Since
Jan. 1.
week.
29.000
46,000
8,000
24,000
1,000
6,000
38,000
3,000
5,000
11,000
37,000
70,000
7,000
51,000
8,000
20.000
otlibr p’rta.
Total
Since
Jan. 1.
week.
Bombay
All
1881.
13,000
9,000
This last statement affords a very interesting comparison of the
total movement for the week ending Jan. 12, and for the three
comparison of the port movement by weeks is not accurate
the weeks in different years do not end on the same day of years up to date, at all India ports.
Alexandria Receipts and Shipments.—Through
the month. We have consequently added to our other standing
arrangements
we have made with Messrs. Davies, Benachi Sc Co., of Liverpool
tables a daily and monthly statement, that the reader may
and Alexandria, we now receive a weekly cable of the movements
constantly have before him the data for seeing the exact relative of cotton at Alexandria, Egypt. The following are the receipts
movement for the years named.
The movement each month and shipments for the past week and for the coiresponding week
of the previous two years.
3ince September 1, 1881, has been as follows:
as
Alexandria, Egypt,
Monthly
Receipts.
Sept'mb’r
October..
Novemb’r
Decemb’r
Tear
1881.
1880.
425,770 458,478
837,349 968,318
951,078 1,006,501
983,440 1,020,802
Jan. 12.
Beginning September 1.
1879.
333,643
888,492
942,272
956,464
1878.
1877.
1876.
288,848
689,264
98,491
578,533
779,237
822,493
675,260
901,392
893,664
900,119
787,769
Reoeipts (cantars*)—
Tbis week....
Since Sept. 1
236,868
Total year 3,197,637 3,454,099 3,120,871 2,651,013 2,399,636 2,601,289
Pero'tage of tot. port
62-39
58-80
reoeipts Dec. 31..
59-60
55-21
64-42
110,000
2,227,550
This
week.
Exports (bales)—
To Liverpool
To Continent
Total Europe
*
This statement shows that up to Dec. 31 the receipts at the
ports this year were 256,462 bales less than in 1880 and
76,766 bales more than at the same time in 1878-79. By adding
1881-82.
Since
Sept. 1.
1880-81.
135,000
2,005,000
This
week.
Since
Sept. 1.
10,000 141,000 11,000 132,000
1,471 45,593
11,319 77,029
1879-80.
125,000
2,700,000
This
week.
Since
Sept. 1,
8,000 174,000
5,269 101,458
21,319 218.029 12,471 177,593 13,269 275,458
A oantar is 98 lbs.
This statement shows that the receipts for the week
Jan. 12 were 110,000 cantars and the shipments to all
were
21,319 bales.
ending
Europe
jj
j|
THE CHRONICLE.
68
Manchester Market.—Oar report received from Manchester
to-night states that the market for both twists and shirtings is
quiet but firm. We give the prices of to-day below, and leave
previous weeks’ prices for comparison:
*
188C-81.
1881-82.
328
Oop.
Twist.
44
18
44
25
Dec. 2
44
9
44
16
44
23
44
30
s.
6
6
93e0lO*8 6
938010*8 6
9383)10% 6
5
9*4010
b
93e®10
93s®l0 ] 6
6
93g®10
938010 f 6
■>
Jan. 6
44
Shirtings.
d.
d.
9*4010
9*4010
Novll
13
OotVn
Mid.
8% lbs.
d.
6
6
6
6
6
6
6
6
6
6
1%
1%
1%
1%
1%
08
08
08
08
08
08
08
0
0
0
0
0
09
08
08
Oop.
Shirtings.
d.
d.
8.
6
9*4 010
9*4 ® 97e 6
6
9% 010
d.
67ie
69ie
6%
9%
9%
9%
9%
9%
97s
6llie
69i6
«y16
6'he
61*10
69ig
6**ig
93^
OotVn
Mid.
8*4 lbs.
lwist.
Up ds
d
8.
329
6
010
0 978
010
010
010
0103a
6
7
7
7
7
010% 7
d.
9
Uplds
d.
d.
8.
08
0
O’J’ie
7%07 10%
63q
9
9
9
0
0
0
0
0
0
61*18
6**18
1%
1%
1%
4%
61316
6**18
6 34
3
6%
08
08
08
08
03
08
1%08
0 08
6%
United
latest mail returns, have reached
120,023 bales. So far as the Southern ports are 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 Wednesday
night of this week:
*
States the past week, as per
Total bales
Hew York—To Liverpool, r>er steamers Arizona, 2,090
City
of Brussels. 1,267...City of Chester, 1,581.. .Teucer, 1,493
To Bremen, per steamer Mosel, 1,687
To Hamburg, per steamer Bohemia, 900
To Amsterdam, per steamer Stella, 423
To Antwerp, per steamers P. Caland, 414
Hew Orleans—To Liverpool, per steamer St.
per ship Dreadnought, 5,600
To Havre, per steamer Camden,
6,431
1,637
900
423
453
Vaderland, 39.
Louis, 4,035
Orient, 6,167
15,802
4,367....per bark Ontario,
2,97a
To Bremen, per steamer Charrington, 4,000
To Reval, per steamer Cydonia, 5,000
To Malaga, per bark Falco, 1,400
To Genoa, per bark Guiseppe Lanata, 1,406
To Salerno, per bark Nuovo Mondo, 1,510
Charleston—To Liverpool, per barks Cyprus, 3,783 Upland
aud 152 Sea Island
Edina, 1,900 Upland and 45 Sea
Island
To Cork, for orders, per brig Varnaes, 956 Upland
To Havre, per bark Hebe, 1,100 Upland and 35 Sea Island..
To Bremen, per steamer Viola, 4.802 Upland
per bark
4.000
5,000
1,400
1,406
1,510
7,591
840
8,831
8,800
3,033
3,126
1,300
2,156
1,180
per
ship
Parenti, 2,255
per bark Olive Mount, 3,296
12,349
bark Hilda, 2,580
2,580
Baltimore—To Liverpool, per steamers Caspian, 1,500... Chil¬
ian, 3,194
Thanemore, 2,760
7,454
To Bremen, per steamer Leipzig, 2,388
2,388
Boston—To Liverpool, per steamer Batavia, 440
440
Philadelphia—To Liverpool, per steamers Ohio, 625
Penn¬
sylvania, 900
1,525
To Havre, per
Total
are as
follows:
Liver¬
Hew York..
N. Orleans.
Charleston.
Savannah..
Texas
pool.
6.431
15,802
5,880
8,881
3,038
Bremen
and A msHam- terHavre, bury. dam.
9
7,342
1,135
Philadeip’a
JOQ
our usual
Malaga,
Barce- Genoa
Iona dt and
Palma Saler-
Majorca,
Vera
Oruz.
no.
Total.
9,894
4,*000
36.460
2,916
MOO
2,890
7,591
8,800
3,126
Wilmington
Norfolk.... 12,349
Baltimore..
7,454
Boston
440
shipments, arranged in
18,452
17,681
2,156
3,300
1,180
9,620
1,180
14,929
2,388
9,842
2,580
-i
1,525
40
1,525
Total... 61.80014,183 26.546
1.723
4,290
2,916
2,156 120,023
Included in the above totals are, from New York to Antwerp, 453
bales; from New Orleans to Reval, 5,000 bales; from Charleston to
Cork, for orders, 956 bales.
freights the past week have been
Satur.
Liverpool, steam d. B32® *4
Do
sail.'. d.
Havre, steam
Do
sail.
c.
c.
....
13go*
....
as
follows:
Mon.
Tuts.
Wednes.
Thurs.
Fri.
632®%
532^I4
3160*4
81Q0*4
3100%
....
1332*
....
•
•
• •
*332"
....
....
1332*
....
....
1338*
....
....
1332*
23.
Dec. 30.
34,000
12,000
11,000
481,000
351,000
80,000
57,000
292,000
280,000
227,000]
230.000
Jan. 13.
38,500
1,510
1,430
28,000
1,500
1,510
471,000’
Total import of the week
Of which American
Amount afloat
Of which American
Jan. 6.
43,500
344,000
59,000
27,500
2.500
8,100
519,000
330,000
63.000
3,700
2.500
•
47,000
2,200
5,800
572,000
413,000
82.000
61,000
117,000
302,000
312,000
240.000
235,000
81,000
The tone of the Liverpool market for spots and futures each
day ef the
ending Jan. 13, and the daily closing prices of spot ootton, have
week
been
as
follows:
Saturday Monday.
Spot
)
Market,
12:30p.m
Tuesday.
Wednes.
Firm.
Steady.
Mod.
inq.
freely
Elarden’g.
$
ttid.Upl’ds
6%
Mia.OrPiiB
6%
Sales
8,000
1,000
Spec.&exp.
Thursdyy.
Friday.
Mod.
inq.
freely
supplied
Easier.
supplied.
6%
6%
10,000
1,000
6%
6**16
6*316
63i
10,000
1,000
6**16
14,000
6*316
10,000
1,000
1,000
6**16
6*318
8.000
1,000
Futures.
l
Market,
12:30 p.m.
^
Steady.
Dull.
Firm.
?
Market,
5 P.
Quiet.
j
M.
Quiet.
Dull.
Steady.
Weak.
Barely
Barely
steady.
Dull.
Dull.
steady.
The actual sales of futures at Liverpool for the same weak are given
These sales are on the basis of Uplands, Low Middling clause,
unless otherwise stated.
below.
Saturday.
Delivery.
d.
Jan
Jan.-Feb
d.
62132
62732
.
Feb.-Mar
Mar.-Apr
Jan
Jan.-Feb
Feb.-Mar
Apr.-May
May-June
d.
Delivery.
Delivery.
Apr.-May
6a533@^ Feb.-Mar...
....6%
May-June
...tji3la June-July
June-July
678
July-Aug..
July-Aug
61&16
Monday,
....6%
June-July.. ..62732®78 Feb.-Mar...
....6%
July-Aug ...62932®i5l6 Apr-May
6%
...-6i*is Mar.-Apr
May-Juue..
....62o32 Aug. Sept
63132 June-July
....6%
61316
62732
..
..
..
..
Tuesday.
Jan
Jan.-Feb
Feb.-Mar
6ii16 I Mar.-Apr
6**10 I Apr.-May
63*
| May-June
6*3i6 June-July
62732 July-Aug
67802932
.
...6iBift
7
Wednesday.
Jan.-Feb
Feb.-Mar
6**10
6% 02332
Mar.-Apr.. .625320*3i6
Apr.-May
62732
May-June
678
June-July
6*5ig
July-Aug
Mar.-Apr
63i32
62532
Apr.-May
.
Jan.-Feb
Jnno-July
.6*3J6
62i32
67s
Mar.-Apr...
May-Jun*
6%
627^
6**10.
625;}2
62032.
Jan.-Feb
Mar.-Apr
June-July
Thursday.
Feb.-Mar
Mar.-Apr
Apr.-May
62332
62533
6i316
Jan.-Feb
Feb.-Mar
May:June
67a
Juii6-July
62932
63i32
Apr.-May
Aug.-Sept
July-Aug
6*
*ib'®2382
6%
Mar.-April
6i3le
62732
7
Mar.-Apr
Apr.-May
62332
61*10.
62332
6*31(>
Feb.-Mar
6%,
Jan.-Feb
Feb.-Mar
/.
-
Friday.
Feb.-Mar
..62332 I Apr.-May
62532®*8 I May-June
Mar.-Apr
..
6*31g©2o32
67802732
June-July.. ..62932®%
July-Aug
6*6. g,
breadstuff s.
120,023
The particulars of these
Cotton
c.
76,000
9,500
7,300
55,000
2,800,
7,200
Of which American—Estim’d
956
1,135
Upland
St. Christophorus, 1,931 Upland
To Bremen, per steamer Naples, 7,100 Upland....per bark
Svanen. 1,700 Upland
Texas—To Liverpool, per barks Bjorn, 1,219
Flora, 1,819
To Havre, per barks F. H. Drews, 1,852
Papa Giacomo,
1,274
:
To Amsterdam, per bark Christiaue, 1,300
To Vera Cruz, per steamer Whitney, 1,303... .per brig Rana,
form,
Sales of the week
bales.
Of which exporters took
Of which speculators took..
Sales Americau
Actual export
Forwarded
Total stock—Estimated
2,050
Memlo, 2,950 Upland
853
Wilmington—To Bremen, per bark Christine, 1,180
Norfolk—To Liverpool, per steamer Gallogo, 6,798
7,342
5,880
Trenmor, 1,089 Upland...per brig Pjelstedt, 1,700 Upland
To Barcelona, per bark Resue*ta, 2,050 Upland
To Palma de Majorca, per bark Ciscar, 810 Upland
Savannah—'To Liverpool, per barks Chrysolite, 4,000
3>
63*
News.—The exports of cotton from the
Shipping
pr®. xxxiv.
Friday, P. M..
The flour market shows
January 13, 18*2.
further
depression. The effort
to sustain values by quoting the wheat market, in the face of
large stocks and limited demand, was not maintained, and
receivers seemed quite inclined to press sales from wharf as
well as reduce stocks in store; a still lower range of values is
the consequence. Rye flour and buckwheat flour have also de¬
clined, but corn meal has ruled comparatively steady. To-day
the market was dull, the weather being very unfavorable to
some
trade.
«
The wheat market has been
dull, and although very little
change in values can be quoted the tendency has been down¬
ward.
There has been something doing for export, and the
visible supply is not excessive; but receipts at the West again
compare very favorably with one year ago—so much so that
all apprehensions of a scarcity daring the current crop year
are at an end.
The new crop of spring wheat is yet held back
from the seaboard, and it is said to be of such indifferent quali¬
ty that it would find little acceptance with shippers. To-day
the market was weak; very little done for export; No. 2 red
winter, $1 45 for February and $1 47 for March.
....
Indian
has met with
slow trade and
speculation in No*
prices. Stocks and current
Hamburg, steam.d.
7ic
7ie
716
710
710
710
supplies are ample at current values. If there be any impor¬
Do
sail-.-d.
tant deficiency in the late crop it can hardly be revealed before
▲mst’d’m, steam, e. %0®16
%09iq %0910
he
710
716
the late summer months. There has been a scarcity of white
Do
sail...d.
%
%
%
Baltic, steam—d.
3801332 3g®1332 3&0*332 corn, and prime grades of Western and Southern have sold at
Do
sail
e.
1*32038 **32^38 1*32038 79@80c. There is some Southern yellow corn arriving, but it
Compressed.
sells at little more than the price of Western. To-day the market
Liverpool.—By cable from Liverpool, we have the following was dull, with No. 2 mixed selling at 70c. for February and
•tatemeat of the week’s sales, stocks, &c., at that port:
73%e. for May. Rye was more active early in the week for
Bremen, steam,
Do
sail
*
.c.
c.
7ie
716
716
716
716
71«
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
corn
2 mixed has
a
turned toward lower
THE CHRONICLE.
January 14, 1882. J
export to the Continent, and prime cargoes sold at 96@96^.
dull and lower. Barley has been in better
demand, but the advance asked has still kept business within
narrow limits, and to-day the business was
trifling.
Oats, though varying somewhat from day to day, show very
little change from last Friday.
Current supplies are quite
moderate and well held. To-day the market was
depressed by
free receipts at the West, No. 2 mixed selling at
49/6@49%c. for
both February and May.
The following are closing quotations:
Domestic Cotton Goods.—The
exports of domestics for the
ending January 10 were 2,407 packages .(including 1,727
to China, 205 to U. S of
Colombia, 82 to Venezuela, 73 to Mexico,
71 to Hayti, 70 to Uruguay,
&c.)» and some fair orders were
Buckwheat is
Flour.
-
No. 2 spring...$ bbl. $3 00®
Patents
3 85
4 15
4 25® 4 65
4 00 ® 4 30
4 75® 5 25
5 50® 6 50
6 00 ® 6 50
5 00 ® 5 50
5 65® 6 75
6 50® 9 00
City shipping extras.
6 90® 7 35
No. 2 winter
Winter superfine
Bpring superfine
Spring wheat extras..
do XX and XXX...
Wis. & Minn, rye mi x.
Winter sliipp’g extras.
do XX andXXX...
Southern bakers’ and
family brands
ip’g extras.
Rye flour, superfine..
6 50® 7 75
5 50® 6 00
4 40® 4 85
Western, &c
Brandywine. &o....
Buckw’t flour, 100lbs.
3 35® 3 75
Spring.per bush.
Red winter...
3 75®
3 85
3 50
®
....
.
1 33
®l
1 42^4 ®1
1 32
®1
67
®
70
®
70 ®
75
®
93 ®
..
Red winter, No. 2
White
Corn—West, mixed.
West. mix. No. 2.
Western yellow..
Western white...
Rye
Oats—Mixed
43
50
®
®
Barley—
Corn meal—
3 25®
placed with agents for goods to be made. There was a mode¬
rate demand for
brown, bleached and colored cottons by
jobbers and converters, but selections were
mostly confined to
relatively small parcels of the various grades Prices ruled
steady on the most desirable plain and colored cottons, and
stocks are small in view of the
large demand in sight. White
goods, piques and Marseilles and Crochet quilts were
fairly
active, and further large deliveries were made
by agents on
account of former orders.
Print cloths were quiet, and 61x64’s
Grain,
White
South’n si
week
Wheat—
3 50 ®
Canada No. 1
Canada bright...
1 18
State, 4-rowed...
1 05
90
PO
-
State, 2-rowed...
Buckwheat
®
Barley Malt—
Canada
State
...
47
4112
42
71
71
were
less
73
1 25
1 00
5112
52is
95
Domestic Woolen Goods.—There was a
somewhat better
demand for small parcels of
light-weight cassimeres and
suitings by the clothing trade, and some fair sales of worsted
and cotton-warp worsted
coatings were made to the same class
of buyers.
Heavy casdmeres are only in moderate
supply as
yet, but some fair orders (for future delivery) have
already been
placed, and there vva^ an increased business in
®1 35 ’
®1 15
iFi'om the “ New York Produce Exchange Weekly.")
Receipts of flour and grain at Western
ending Jan. 7, 1882:
for the week
Flourf
Wheat,
bbis.
At—
Chioago
(196 lbs.)
.
...
Milwaukee.
Toledo
Detroit
Cleveland..
Bt. Louis...
...
....
44,762
57,330
4,235
Corn,
bush.
(60 lbs.)
178,209
194,200
71,463
35,550
lake and river ports
Oats,
bush.
(56 lbs.)
515,214
19,000
45,336
11,437
Barley,
fraction lower at 4c. less 1
per cent for “spots,” and 4c.
half per cent for “futures to
April,” but 56x60*8 were
a
one
steady at 3^c. cash because of the limited supply. Medium
fancy prints and shirtings were rather more active in demand,
and there was a very good business in dress
ginghams, leading
makes of which are
heavily sold ahead. Printed piques and
lawns were lightly dealt irf, as were
cotton dress goods, but
fancy skirtings met with considerable sales.
80
97
®1 18
®1 20
®1 10
®
92
•
09
Eye,
bush.
bush.
bush.
(32 lbs.) (48 lbs.) (56 lbs )
263,422 179,671 20,695
51,020 80,595 15,500
6.776
9,486
4,740
""8*6
10,400
3.000
73.565 85,500
3*6*00
overcoating^
lately been opened by agents.
firmly maintained owing to the
several makes of which have
Prices of clothing woolens are
upward tendency of the staple and the limited stocks of
goods
hand. Suiting flannels continued in
Peoria
760
steady
request, bn':
77,350 18,700
0,000 other flannels and
pnlnth
blankets were iu light
demand, as were
shawls, skirts and worsted dress goods.
Total
131.198
574,272 1,232,277
492,019 372,206 48.275
Kentucky jeans and
Same time ’81. 170,620
805,251 1,290.840 480,101 363,645 47,862 satinets ruled quiet and
steady. Carpets were fairly active in
Total receipts at same ports from Dec. 26,
1881, to Jan. 7, jobbers’ hands, and prices remain firm. ‘ Knit underwear and
1882, as compared with the previous three vears :
hosiery were in moderate demand, and large deliveries were
1881-82.
1880-81.
1879-80.
1878-79.
made
Flour
bbis.
by agents in execution of back orders.
258,383
364,911
222,010
211,422
3,607
21,933
3,550
10,350
78.975
12,325
317,500
313,450
on
....
..
'
Foreign
Wheat
Corn
Oats
bush.
Barley
Rye
Total grain
....
1,128,166
2.102,620
1,605,804
2,4.6,247
2,506,659
1,022 067
782.939
100,309
025,670
736.872
94,805
310.654
5,136,191
5,789.3.18
2,634,896
2,409,201
4,259,874
809,726
718.938
217,408
132,142
111,596
8,100,055
6,092.099
The visible supply of grain,
comprising the stocks in granary
at the principal points of accumulation at lake
and seaboard
ports, and in transit by rail and water, Jan. 7, 1882, was as
follows:
Wheat,
Corn,
Oats,
Barley,
Eye,
In store at—
New York
Do. afloat (est.)
Albany
~
1.500
Buffalo
bush.
bush.
5,240,515
362,631
155,000
528,000
87,500
252,005
27.000
636,031
3,703,164 "5,230,399
1,127,066
5,382
Chicago
Milwaukee
Duluth
Toledo
Detroit
16,787
850,522
11,279
623,000
214,951
683.393
21.829
170,000
140,000
Bt. Louis
Boston
Toronto
Montreal
Philadelphia
Peoria
Indianapolis
Kansas City
Baltimore
1,000.846
155,281
456,257
130,529
118,662
3 10,345
26,832
59,115
496,306
138,680
112,600
158,038
977,681
6,588
302,277
1,877,496
Miss’pi
On rail
22,021
35,493
715.625
26.159
209.007
346.600
515,423
bush.
79,763
220,000
171,000
306,332
tmportacious of Dry Good§.
The
importations of dry goods at this port for the
ending Jan. 5, 1832, and since January 1, and the same
for the ccrresoo;idiug periods of
1881, are as follows:
378,929
109,100
13,464
32,781
825,000
14,6*2*9
69,383
20,287
286.114
87,559
2,263
to
-ia*
M 1—
M
©
-a to
to
to
to©
05 <1
to*© CO
b
10-1
14.948
36,356
ao
00 c
© X- to © CO
a co a' -j
1,913
63,020
110,000
139,208
......
?!
©
00 —
t-5 T
to
2!
CO
to
1.269,689
61,800
22,965
^
^
—
O
—
e
-
9
*3.:
P—
to
11,041
127, ioi
18,800
.....
39,525
......
32,6*66
7,715
•
•
•
„
m
CO
to
-l
r-*
CO 50 X ©
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—
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© © -X © CO
C5 to — *4 ^t
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393,277
122,665
GOODS
•
X
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to at
©*-
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it- X © 50 O
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1.248,964
M
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^4
n
TRADE.
Friday, P. M., January 13, 1S82
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22,904
good many package buyers from the South
imparted more animation to the dry goods
trade, and led to a moderately increased business in some
descriptions of goods. The most staple cotton and woolen
fabrics were only in moderate demand, but there was a
fairly
active business in ginghams, white goods,
piques, quilts, hos¬
iery, gauze underwear, notions, &c. Printed calicoes have
also received a fair share of
attention, and a few orders were
placed by the clothing trade for heavy cassimeres and over¬
coatings for future delivery. The jobbing trade has shown
a slight
improvement, the distribution of staple and depart¬
ment goods having been
fully as large as is usually witnessed
at this time of the year.
5
£ ;5 s
n
CO
The arrival of a
and Southwest has
rrj X
a
258,811
1,301.723
1,317,978
1,323,911
1,232.041
3,732,855 3,215,835
846,442
DRY
.s.
-
116,000
51,000
9,059
430,755
Tot. Jan. 7, ’82.. 17.530.421 16,426,381 2,628,193
2.818.535
Doc. 31,’81
17,762,769 16,861,137 2.747,214 2,972.274
Dec. 24, ’81
17,924.617 17.382,227 2.754,109 2,892,101
Dec. 17,’81
18,246,598 17,932,268 2,589.090 2,854.627
Dec. 10, ’31
18.503,725 18.399.904 2.719,017 3,124.265
Jan. * 8, '81
28,892,132 16,651,479
THE
5
t-
bush.
147,416
week
fac:s
......
1,007,131
Oswego
Down
bush.
4,557,710
574,000
Dry Goods.—The general demand
for
imported
goods has continued light, but there was a fair business
iu a
few specialties, such as dress
linens, embroideries, laces, etc.,
adapted to the wants of manufacturers. Silks, dress goods and
millinery goods w*re mostly quiet, aud
housekeeping linens
were in limited
request, but steady iu price.
05 © C't M
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70
THE
CHRONICLE.
Financial.
13 ends of*
Suretyship.
FIDELITY & CASUALTY CO.
NEW
OF
TORE.
Assets
$375.01© 00
250.000 00
Capital invested in U. S. Bonds
On depose with Insurance Department.. 100,000 00
Officials of Banks, Railroads and Transp rtation
Companies, Managers. Secretaries and Clerks of
Public Companies, Institutions and Commercial
firms, can obtain security from this Company at
moderate charges.
The bonds of this Company are accepted by the
courts of the State of New York.
Full information as to details, rates, Ac., can be
obtained on application to head office, 187 Broad¬
way.
N. Y.
Wm. M. Richards, Prest. .Tohnt M. Crank,
W. Harvey Lee, Inspector.
Sec’y.
Directors—George T. Hope,G. G. Williams, Geo.
8. Coe, Charles Dennis, J. S. T. Stranahan, A. B.
Hull, A. S. Barnes. S. B. Chittenden, H. A. Hurlbut
W. G. Low, David Dows. J. D. Vermilye, Alex.
Mitchell, Wm. M. Richards.
Bonds of*
Suretyship
FOR
OFFICERS AND EMPLOYEES HOLD¬
ING POSITIONS OF TRUST.
YORK
OFFICE:
ST MEET.
Where all information and forms may be obtained,
or from the Head Office, Montreal, Canada.
The business
of
this
Company is
Guarantee.
Alex. s. Clark.
H. B. bacon.
solely that of
L. R. Bacon.
Clark & Bacon,
BANKERS AND
3 Pine
Buy and sell
BROKERS,
Street, New Tork.
CAPITAL FURNISHED
commission all Securities dealt in
at the New York Stock and the New York Mining
Exchanges. Deposits received and interest allowed
•on balances.
JohnPv/Ndir. Eduard Mertens. Aug. Nathan.
Pondir & Co.,
Stocks, Bonds & Investment Securities,
20 EXCHANGE PLACE, NEW YORK.
Markets.
on
the London and European
No.
17
H.
WALL
GAS
NEW
YORK.
STOCKS
AND
GAS
SECURITIES,
8TREET RAILROAD STOCKS AND
AND
ALL
I?It 0014 LVIV
KINDS
BON I>£
OP
SECURITIES
DEALT
PROCURED
OR
NEGOTIATIONS
FINANCIAL
CONDUCT
WILL
8EE GAS QUOTATIONS IN THIS PAPER.
RB-OR-
40
1 his Exchange will be opened on
and after
HURSD^Y, Dec. 1. 18t?I, from 9 A. M. to 4 P. M
for dealings under the co-operative contract
sys¬
tem, in all active Stocks, Investment and Unlisted
securities, on a margin of one or more per cent as
agreed upon between buyers and sellers direct, and
at a reduced expense for brokerage. Contracts for
not less than 100 shares.
Ma.rg.ns deposited in
Trust Company.
JOHN L. HoHSON. S«cr«tary
INVESTMENT
An
assortment
of
SECURITIES.
desirable
bonds
Always in hand.
Correspondence solicited.
ADDRESS:
A. W.
98
Beasley & Co.,
BBOADWAF, NEW TORK.
Brothers & Co.,
BANKERS AND
54
Wall
BROKERS,
Street, New York,
STOCKS AND BONDS BOUGHT AND SOLD ON
COMMISSION.
COMMERCIAL PAPER NEGOTIATED.
WILL BUY AND SELL INVESTMENT SECUR¬
on
Commission.
WILL BUY OR SELL DEFAULTED BONDS
convert them into interest-paying
Glazier, Kohn & Co.,
or
investments.
on
BANKERS
ap¬
NEW, Vice-President.
WM. P. WATSON, Sec’yand Treas.
C.
George Stark.
John F. Stark.
NEW YORK.
Frank B. Beers,
LOCAL
BANKERS,
STREET, NEW YORK.
Buy and sell Investment Securities foi cash or on
commission. A specialty made of Western Farm
Mortgages bearing from 7 to 10 per cent Interest.
Wil) undertake the negotiation of loans up<^n
Western City property in large or small amounts.
W.
W.
6
PER
8
GOVERNMENTS & FOREIGN EXCHANGE.
Member N. Y. Stock
F. E.
STOCKS and BONDS
At Auction.
II.
AUCTfcN
BONUS
A
A
STREET. NEW YORK.
a
KITCHEN, 70 Cedar St.
ponnty,
City & Town Bonds ot West. States.
V ^Wisconsin
Central RR. Old Land Grant Bonds.
St. Joseph & Western RR. Stock.
St. Joseph & Pacific RR. Bonds.
City of St. Joseph Mo., Old Bonds.
International Improvement Co. Subscriptions.
Brooklyn Elevated RR. Securities.
American Cable Co. Subscriptions.
Midland Railroad of N. J. Securities.
Chicago & Grand Trunk RR. Securities.
South Carolina RR Securities.
Grand Rapids & Indiana RR. Stock.
Cincinnati Richmond & Fort Wayne Stock.
Bought by WM. R. UTLEY,
No. 81 PINE STREETCNEW YORK
J. D. Probst & Co.,
AND
BOND
&
General
CO., WASHINGTON, D. C
Banking Business Transacted.
market rate.
Deposits received subject to check at sight.
4 per cent interest allowed on all daily balances.
Orders executed s.t London, San Francisco, Bos¬
ton, Philadelphia and Baltimore Exchanges.
P. S.—My New York Weekly Financial Report is
mailed free of charge on application.
R.
J. Kimball & Co.,
No.
25 Nassau
Street, New York.
Years’Membership in New York
Stock
Exchange.
R. J. Kimball, A. B. Lounsbery, F. E. Ballard
Specialty.
STOCK
YORK.
of the N. Y. Stock Exchange.
Securities bought and sold on commission for cash
or on margin.
Advances made on approved collateral at the
Thirteen
ORDERS AND CORRESPONDENCE PROMPTLY
ATTENDED TO.
JAMES
BROKER,
WALL STREET,
BANKERS AND BROKERS,
SON
Securities
OR 27
NEW
SATURDAY'S.
H1ULI.FR
Uncurrent
Trowbridge,
No. 5 BROAD
ON
ADRIAA
Otto C. Wierum.
Exchange.
Branch Office:
SMITH,
AND
PLACE,
Chas. K. Randall,
BATEMAN
AND
STREET
New York.
EXCHANGE
Member
Indianapolis, Iud,, and Atlanta, Ga.
STOCKS
PINE
Brokers in Railroad Stocks and Bonds,
CENT,
Hie Undersigned hold REGULAR
SALES of all classes of
SECURITIES,
31
Brooklyn.
CENT,
PER
STREET,
BANKER AND
WRITE
FRAYCIS
COURT
-
Mortgage Loans,
INDIANA
16
50
Solicitor and Attorney.
CHOICE
BONDS,
GAS
Randall & Wierum,
Practices in the District, Circuit and Supreme
Courts of the United States and of the State, in
all classes of cases. Has no other business, and de¬
votes his personal attention and all his time exclu¬
sively to his profession. Refers to Bank of Monroe.
FOR
STOCKS,
MUNICIPAL
Farmer,
MONROE, LOUISIANA.
Counselor,
'•
STOCK8 AND BONDS BOUGHT AND SOLD ON
COMMISSION.
George Stark & Co.,
No. 33 NASSAU
AND BROKERS.
BROADWAY AND 10 NEW STREET,
00
C. SHORT. President.
No. 7 PINE
EXCHANGE.
(LIMITED.)
INCORPORATED, 1881.
NEW STREET, NEW YORK.
Sand
for
INVESTMENT Sc SECURITY REGIS¬
TRY
John Sickkls.
Max E. Sand, Member N. Y. Stock Exch.
for
conducted
FINANCIAL
THE
WEDNESDAYS
IN
Theo. Y. Sand.
ANIZATION of Railroad Compan'es and other
Corporations whose property is in the hands of
Receivers or Trustees.
Prentiss,
STREET,
$1,060,000
-
States, Counties, Towns and Cities, and for Railroad
Companies and other Corporations.
SOUTHERN
Geo.
Interest allowed on deposits.
Investments carefully attended to.
Companies having lines under construc¬
tion, and their Bonds purchased or negotiated.
on
IJOrders executed
-
-
No. 45 Wall Street
general banking and brokerage busi¬
in Railway Shares and Bonds and Government
a
securities.
Railroad
200,000
WILLIAM
ness
Corporate and Private Investors.
Deposit at Albany
NEW
Transact
SOUND INVESTMENT SECURITIES furniBhed
to
JOHN
General Manager:
Edward Rawlings.
[Established 1854.]
BLOCK, CHICAGO.
Capital Stock,
320,000
47
COMP’Y,
ST., PHILADELPHIA,
PORTLAND
270*000
No.
Gwynne & Day,
5 Sc 7 NASSAU ST., NEW YORK,
Cash capital
Cash assets over
President:
AMERICAN
434 LIBRARY
plication.
JOHN
Sir Alex. T. Galt.
Financial,
Circulars and other information furnished
OF NORTH AMERICA.
•
Financial.
FINANCE
ITIES
The Guarantee Co.
(Vou XXXIV
BROKERS
Members of N. Y. Stock
NEW YORK:
Geo. W. Cecil,
Member N.Y. Stock Ex.
M. Zimmerman.
CINCINNATI, O.:
W. P. Thomas.
W. M. Wilshire.
Cecil,Zimmerman & Co.
BANKERS
AND
BROKERS,
74 BROADWAY, NEW YORK,
09 WEST THIRD ST., CINCINNATI,
O.
Joseph P. Lloyd.
w. c. McKean
Member of N. Y. Stock Exch’ge
Lloyd 8c McKean,
34 WALL
STREET, NEW YORK.
Buy and sell—on commission—Government, Rail
way and Miscellaneous Securities. Receive deposits
subject to check, and allow interest on balances.
N. T. Beers,
Jr.,
Brooklyn Securities, City Bonds.
Gas
No. 52 EXCHANGE PLACE, NEW TORK.
Stocks, Railroad Bonds, Governments and
Miscellaneous securities Bought and Sold
Exchange.
No.
1
Stocks, Scc.,
NEW
STREET,
NEW YORK.
@FedFRASER