The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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xtmtk
HUNT'S MERCHANTS' MAGAZINE,
SKPRESENTING THE IJTOUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES
VOL.
NEW
42.
YORK, JANUARY
financial.
16,
John Howakd Lathau. Fbedibick W. Pbbbt
78 TO 86 TRINITY PLACE,
YORK.
Bu«liic«« Founded 1 7tf6*
iiuili-r I«na of Mat« uf New York, 195S,
KcorBanlxod 1H71).
&
Alfred H. Smith
Co.,
Foreign Covernments.
F.XGRAVING
roK COVEK.VMENTS A>D COKPOKATION8,
tlllXKH, BILLS «F KXCUANSE,
tbe
Ill
flueftt
and must artUtlc
stjle
to
GORHAM
M'fg Co.,
SIL.TERSMITHS,
PRKVHXT COIDmiRFKITISa.
S|>«|LU pap*-n< iij»nufhrtnr«><l pxrIuKlTel; tor
UHc ur thtt Cuiupiuif,
8AFETV COLORS.
Work
BROADWAY AND NINETEENTH
SAFETY PAPERS.
AND
Kxecutt'd In Flrt>proof BuUdluffB.
ST.
RAILWAY TICKETS OF IMPROVED STYLES.
hhnw Cards, LabfU, Calendars.
BLANK BOOKS OF EVERY DESCRIPTION.
ALBERT G. GOOOALL. President.
VICE-PRESIDENTS
A. D. SHEPARD,
W. M. SMILLIE,
TOURO ROBERTSON.
H. STAYNER, Treat.
THEO. H. FREELAND. Secty.
Houghton
Bros.
BANKERS,
MACDONOUGH,
ASA P. PoTTEE,
Pros't.
J.
W. Work,
Cashier'
Maverick National Bank,
BOSTON.
CAPITAL,
SVBPLUS,
•--..-.
&
Robison,
New York.
Bonds and V. S. Government Securities
BoUKbt jtnd Sold on Commission.
William Robibo.v
C. FLOYi)-JuxEa.
78
erick National, Boston.
L.
H. Taylor
W.
Cor. Third
Private wire to
and Cheatnnt
Sts.,
TOWN. COUNTY AND (UTY BONDS.
Lists
.
Stock Exchange.
TINKER & WESTON,
BANKERS,
tSANKERS AND BROKERS,
EXCIIAN6B COURT,
New York.
T. Stock Bxoh.
STOCK BROKER.
Lansdale Boardman,
NK'W YORK, 80 BROADWAY A 6 STEW ST.
N. Y., No. 17 FIRST STREET.
Slock Bxch'K* membership; private wires aU f sollltiea
&
NASSAU 8TBBBT,
NEW YORK.
18 Broad Street,
Co.,
&
117 Monroe
St.,
(Uontauk Blook)
CHICAGO, ILL.
City and County Bonds, and Investment Securities
of a high grade a specialty.
Correspondence
W.
New York.
(Next door to the Stock Exchange.)
of the N. Y. Stock and Produce Exch'nges,
Members
T.
solicited.
Blackwell,
P. A.
Pres't.
Wilet,
Cashier-
The Bank of Durham,
DVRHAin,
N. C,
ttention to Collections.
FIRST-CLASS FACILITIES.
Pay Special
New York Correspondents.— The National Park Bank
and Seventh Ward National Bank.
Walsh & Floyd,
STOCK BROKERS,
Thompson & Richard,
BANKERS,
16
&
Harris
INVESTMENT BANKERS,
115
TBMD. A. BBOWH.
HIKBIEBT P. BllOW».
NO. 30
W.
N.
WALSTON H. BBOWN.
& Kelloffff, Walston H Brown & Bros
C. Tinker. Member N.
Uknbselaek Weston.
DCAL
Adjoining First National Bank Building,
Investment Securities.
New York. Baltimore and otherplaces
on Margin.
Correspondence Solicited
TBOY,
Co.,
Deposits received subject to check at sUht, and
Interest allowed on dally balances.
Stocks, Bonds, &c., bouKbt and sold on commission
In Philadelphia and other cities
Particular attention ttiven to Information regarding
of London.
and Sell Stocks and Bonds for Investment or
Bknst
&
BANKERS
S.
Bank
No. X
Transact a eencra* banking business, and
Hnd prices furnished on application. Write us if you
wish to buy or soli. Refer, by permission, to Society
for Savings, Savings & Trust Co. and National Baoks
of Cleveland, Ohio.
BANKERS AND BROKERS.
80 Broadwar, New York.
New York
SUPERIOR STREET,
CLEVELAND, OHIO.
IN
Keper to—
&
Stembera
Co.,
No. 137
any part of the country
Accounts of Banks. Merchants and
In
Merchants' National Bank and Bank of North America, New York ; Merchants' National, ChlcaKo; Mav-
Bull of EiehanBe and Cable Transfers on the Union
Boy
&
Co., Lamprecht Bros.
BANKERS,
others solicited.
Members .New York Stock Kxchange.
Andrews, Adams
&
ITIII.WAUKEE, iris.
COLLECTIONS made
at lowest rates.
$400,000
400,000
BANKERS AND BROKERS,
Wm.
Receive deposits subject to check at sight and
allow interest on daily balances.
PHILADELPHIA.
5o. 2 Excbaiise Court,
Stocks,
Transact a general banking buslnesa, Inelndlng the
purchase and sale of securtties listed at the New
Tork Stock Exchange, or in tbe open market.
Members N. Y. and Philadelphia Stock Szchanses.
Accounts of Banks and Bankers solicited.
Collections made upon favorable terms.
GoTernment Bonds bouKbt and sold
Floyd-Jcnes
NEW YORK.
1.422.
ments for institutions and trust funds.
:
B.
ST.,
BOX
Government, State, County, City and Railroad
bonds constantly on hand for sale or exchange, and
particular attention given to the subject of invect*
MAIDEN LANE.
9
UTHOQRAPHIC AND TTPe PRINTINO.
J.
NASSAU
P. O.
FROM STEEL PLATES,
SPHIAt SUKIll ARDS
inih
Henry S Ives & Co.,
BANKERS,
No. 25
BUAFTS
Av.,
County, State, Railroad, District of Colombia
Bonds and Foreign Exchange.
Correspondence Solicited.
AND PRINTING,
Ba;«K XOTE8, SHARK CERTIFICATES, BONDS
6TAMPH,
UTALL STREET, NEUT YORK.
No. 3
City,
182 Broadway, Cor. John Street.
En'Gkavkrs and Printkrs of
Co.,
UNITED BANK BUILDING,
mPORTERS,
BONDS, POSTAGE & REVENUE STAMPS,
LEGAL TENDER AND NATIONAL BANK
NOTES of the UNITED STATES; and for
&
H. Latham
J.
DIAMONDS.
Bank Note Company,
IsfiorporBferil
1,073.
^iwaucial.
^itiaticial.
AMERICAN
NEW
NO.
1886.
No. 26
J
BROAD STREET, NEW YORK.
Nicoll Flotd, Jr
W. Walsh, Jr.,
Member N. Y. Stock Exchange.
A.MKS
.
Deposits received, subject to check. Interest al-
lowed thereon. Stocks, bonds, gra4n, provisions and
petroleumbought andsold on commission for cash
or on margin. Direct teiegrapblc communication
with the Chicago Board of Trade.
Howard
Lapsley
&
Co.,
BANKERS AND BB0B:£R8,
(Mortimer BuUdlng.)
No. 11
IVALL ST.,)
New York.
PBITATB WIRE TO BOSTON.
J.
83
P.
Pine
Wintringham,
Street,
-
-
-
-
New York.
(Telephone—288 John.)
G.48,
INSURANCE, BANK, CITY RR.
TRUST
CO. and
FEBHY
STOCKS.
A weekly list of lots of these securities offering on
the market published Mondays with prices.
Copies on application.
..
_ ..
Orders solicited to buy or sell on the Ezohance*, or
at tbe weekly Auction Sales.
[Vol. XLII.
THE 'CHKONICLK
11
govgjjgtt
%xchwm»^
PARIS.
DOMESTIC AJTD FOREIGN BANKERS.
SecurltleB
to Draft.
DeoMits received subject
commls.ion. Interest a lowed on
bo°Xt and 5ofd on EMh^oBeDeiioslts. Foreign
C?'?"«f^^''liJSlera
Travelers,
Circular Letters lor
Cafie Transfers.
available In all parts of the w orm.
mOKGAN
OLD BROAD STREET, LONDON.
Brown
&
Brothers
NEW TOKK.
Phila.
BKOWN
AI.BXANDBB
Co.,
Boston,
AND
tc
SONS
Exchange
Sell Bills of
FRANCE
AND IRELAND, SWITZnMORITAT
" GBKmIn BRITAIN
YfBKLoiuM HOLLAND
DENMARK,
BBLAND, NORWAY,
AUSTRALIA.
Telegraphic Transfers of Monejr
Hake
Between itois Country and Europe.
drawn
DHAFTS
MAKECOLLECTIONSS OFStates
and Canada,
points in United
abroad on
and of drafts drawn in the United States on
foreiKn cfiuntries ;
_^ „„
SHIPLEY
their London house. Messrs. BROWN,
of American banks. Arms
ft CO., receive accounts
terms.
^ and Individuals, upon favorable
all
Ud
&
J
&
Stuart
|.
Co.,
STREET.
33 'NASS-ir
&
go"*' London.
M. A. deKothBchild&Sona, Frankiorto\iii._
„,
Tleniia.
8. M. deBothschlld, Esq.,
AND THEIR CORRESPONDENTS.
make Cable Transand
on,
Exchange
Draw Bills of
Germany.
fers to, England. France and
Commercial and Travelers' Credits.
Cable Transfers.
Exchange.
Bills of
^
& W. Seligman &
No. 23
Co.,
BANKERS,
BROAD STREET
Hrankfurt.
SEL GMAN A ^TEITHEIMBH.
Amsterdam.
Berlin,
STBTTUIBMER.
A
ALTAIAN
stocks and Bonds bought and sold on Commission,
Orders received in Mining stocks, and In Unlisted
ALSBERG GOLDBERG,
''{^'^w-Bin^of Exchanee and make
Tranafera of Mone? on Europe and Callfornut.
Telegraphic
John Paton
Office. 320 Broadway,
Connected by Private Wire.
Co.,
62 Trilllam Street,
Frank
&
CO.,
Ne^v York.
sold.
DRAW on
_^
&
Co.
C(
.,
CO.,
PARIS.
8TKRL1NO CHEQUES AND BILLS AT SIXTY
DAYS SIGHT ON
AI^EXANDERS
CO.,
&.
LONDON.
Circular Notes and Credits for TaAygLERS.
Heidelbach,
Ickelheimer
39 TriI.I.IAM
Oor.
Exchange Place,
J.
ISSUE COMMERCIAL CREDITS, AVAILABLE
Unger
Co.,
of the New York Stock Exchange.
IN FOREIGN EXCHANGE, GOVERNMENT
AND OTHKK INVKST.MENT HONDS.
STEKMNG LOANS A SPECIALTY.
54 irall St. and 62 Greene St., N. Y.
Buy and sell on commission, lur investment or on
margin, all securities dealt In at the New York Stock
}
1
GOAUBT & It. E. WALKER,
JOI T AGENTS,
EXCHANGE PLACE, JIKXT YORK
16
BUY AND SELL STERLING EXCHANGE, CABLE
TRANSFKHS, ETC.
IBBCB COMMERCIAL CREDITS, AVAILABLE
IN
ALL PARTS OF THE WORLD.
& Co
,
Transact a General Banking Business.
Foreign Exchange, Bonds, Stocks and Mlsoellaneous Securities bought and sold on commission.
juLins A. Kohn. Datid ochs. Moritz oohr,
Memb. N.T. Stock Ex
Memb. N.Y. Stock Eioh.
Hamilton
&
Bishop,
BANKERS AND BROKERS,
PINE STREET.
No. 35
NEW YORK.
(Members New York Stock Exchange.)
Accounts of Banks, Bankers and others received.
Interest allowed
iin
balances.
A strictlyOonimlsslon
Business in the purchase and sale of stocks and Ijonds.
I'rivate Telegraph Wire to Albany, Troy, -yraouse,
Rochester, L'tica, Huffalo, Cleveland and ( hlcngo.
liraw on City Bank of London in amounts to suit.
Special attention given to Securities for Investment.
Messrs.
BARING BROS. &
CO.,
Bought, Sold, and Carried on Margins.
all rallroadp for past twenty
years.
London
COMITIERCIAI. CREDITS,
Circular Credits for Travelers.
Cable Transfers AND Bills ofExchanoe on
Great Britain ani> the Continent.
BROTHERS,
BANKERS,
120
Broadway,
Equitable Bntldlng, New York
LETTERS OF CREDIT AND
CIHCCLAR NOTliS
Issued for the use of travelers in all parts of the
world. Bills drawn on the Union Bank of London.
Telegraphic transfers made to London and to various
places in the United States. Deposits received subject to check at sight and Interest allowed on balances. Government and other bonds and Investment
securities
bought and sold on oommlsslon.
Fred. H. Smith,
BROAD ST., NEW YORK.
STOCKS, BONDS AND PETROLEUM
Intimate knowledge of
ATTORNEYS AND AGENTS OF
Canadian Bank of Coinmerce.
H.
Co.,
No. 20
113 Devonshire Street, Boston.
KOIJIMTZE
$2,100,000.
pAjtig,
FOREIGN BANKERS,
Nassau Street, New York,
Ezchanget
SCRPLCS,
dc CO.,f
Kidder, Peabody
Members
16,000,000.
&
A. Kohn
j
DEALERS
CAPITAL,
Exchange on
MAKCIAIID, KKAISS
BANKERS AND BROKERS,
J.
WILLIAM STREET,
63
MELVll.LK, EVANS & CO., !."«""".
i,oNDON.
C. J. IlAMIIItO A: SON,
Son, London.
&
Co.,
Act as Agents for Banks, Bankers and Railroad
Companies.
Issue commercial credits, also foreign and domestic
travelers' letters of credit in pounds sterling & dollars.
OflTer Investment Securities.
Buy and sell bonds, stocks andsecuritles in all American, Canadian, British and Dutch markets on commission. Collect dividends, coupons and foreign and
ALL PARTS OF THE WORLD, ON
Chas.
Y. Stock Exch'ge
&
sell
J. BANKERS AND BROKERS,
19 Broad St., N. Y., mUla BnlldlnK,
BANKERS.
STREET,
NEW YORK.
Hambro &
Member N.
Kennedy Tod
No.
Co.,
BBS' CREDITS.
Whitely,
on commission all classes of Railroad
and Provisions.
Private Telegraph wires to Philadelphia, Wllmlng.
ton, Baltimore. Washington, Bridgeport, New Hav»n,
Boston and Pittsburg.
Buy and
Alexander Baring.
J Kennedy Tod.
H. O. NORTHCOTE.
Sell Bills of
&
&
No. 64 BROADHTAY, NETT YORK.
ISO Fifth Ave., New York.
o« . „™. r,—.^...
OrriCKS ij 539
BRANCH
,5t^ 3t Washington, D. C.
Securities; also Grain
TELEGRAPHIC TRANSFERS OF MONEY
ON MEXICO, C DBA. &c ., de c.
Inland Drafts.
FOREION BANKERS.
Messrs. C. J.
24 Excbanse Place,
New York.
BUY AND DRAW BILLS OF EXCHANGR,
MAKE CABLE TRANSFERS, ISSUE TRAVEL.
IN
tc
BILLS OF EXCHANGE, LETTERS OF CREDIT,
CHEQUES AND CABLE TRANSFERS ON
MUNROE &
h. cbdgkr oakut.
MATNARD C. ETR».
Hknrt H. Dodok, Washington, D. C.
Wm. R. Travbrs, Special Partner.
_
22
New York.
Mo. 32 Nassau
No. 4 Post Office Square, Boston.
Street,
for Cash 9
JAMIS Whitklt,
Prince
COMMISSION MERCHANTS,
ALSO,
&
STREET.
Stocks and Bonds Bonght
THK UNION BANK OF LONDON
on Margin.
BRITISH LINEN CO. BANK, LONDON AND
CABLE TRAN SFERS AND LETTERS OF CREDIT.
John Munroe
Milliken,
NEW
NO. 43
BANKERS
EDINBURGH AND BRANCHES;
&
BANKERS AND BROKERS,
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
SCOTLAND.
SCOTI^AND,
stock Exchange.
S
;
BANKERS, LONDON
BANK OF
Members of the New York
)
Dickinson,
F.
Fanshawe
Accounts and Agency of Banks, Corporations,
Arms and individuals received upon favorable terms.
Dividends and interest collected and remitted.
Act as agents for corporations In paying coupons
and dividends also as transfer agents. and sold on
Bonds, stocts and securities bought
MANCHESTER & COUNTY BANK,
NATIONAI.
WALCOTT,
.los. C.
SUCCESSORS TO
JESIJP, PATOIS
made and loiins negotiated.
Dividends and inlerpst coilected.
Deposits received subject to Draft.
Interest allowed. Investment securities a specialty.
We issue a Kitmnclal Report weekly.
Securities. Collections
Brancb
&
EXCHANGE ON
Maitland, Phelps
SraiTH, PAYNE & SMITH'S,
MANCHESTER, PAYABLE IN LONDON:
<7I<STER BANKING COMPANY,
BELB^AST, IRELAND!
AND ON THE
Co.,
^ew York.
BILLS OF
"LIMITED,"
&
T. C. Walcott
BANKERS AND BROKERS,
Travelers,
for
24 Pine Street, Neiv York.
No.
Credit
of
Letters
Issue
London.
On SELIGMAN BROTHERS,CIK.
Transact
a General Banking Business.
Pans
&
KRERES
SELIGMAN
Travelers' Credits
IN STBBLiya,
any part of the world, in FRANCS for
in dollars for
use in Martinique and Guadaloupe, and
aae in this and adjiicent countries.
"
OOHRESPON DENTS OF THE
•'
SWEDEN AND
iHne Commercial &
Available In
Rothschild
1*1.
Ruckgaber,
BANKERS,
AVIIililAM STREET, NEW YORK
International Bank of Iiondon
(Limited), I.ondon.
Messrs. Jobn Berenberg, Goasler dc Co.
Hanibur;;.
Messrs. Marcuard, Kranss A: Co., Paris
AnsPayable in any part of Europe, Asia, Africa,
BALTIMORE.
Bny and
IHeaars. V.
J.
ATTORNEYS AND AGENTS OF
& CO.,
nessn. J. S.
yp. 22
29
in all
^^^|^_ 1^^^^^^^
Drexel.Harjes & Co
Drexel & Co.,
Boulevard Haussmann,
31
Cor. of 5th * Chestnut Sts
&
Schulz
Co.,
Nos. 19 & 21 Nassau Street.
TRAVELERS' CREDITS, available
laanw TRAVKl,t.KS^^
ISSUE
NKIV YOKK.
PHILADEIiPHIA
&
BANKERS,
STREET, CORNER OF BROAD,
WALL
'gavtim %xcUixnQt,
%xchVLmt.
Belmont
Co., August
°
&
Morgan
Drexel,
|^0reifltt
Parties desiring to buy or sell nnqnoted ••do well to communicate.
ouritles will
F.
8.
H. Smith, Members Consolidated Stock and
Petroleum Exchange, New York.
(
W. Smith,
S
Simon Borg
No. 17
NASSAU
DEALERS
IN
ST.,
&
Co.,
NEW^ YORK.
ATX KINDS OF
Railroad and InTestment Securities.
SOOTHEBN SBCnHITIES A SFECIALTT,
Rolston
&
Bass,
BROAD STREET, NEW YORK.
STOCKS, BONDS
AND MISCELI.ANEOUS SECURITIES
No. 20
Correspondence Solicited.
^ .
Quotations cheerfully furnished
W. alkx, bass, Jr.
Wm. H. Rolston.
Member N. Y. Stock Exch'ge.
Member Chicago Stock Uzoh'g*.
Jawdary
THE CHRONICLE
16, 1886.]
Jlattbetrs
and ^vohevs.
&
Taintor
WALL
TKANSAlT
NBW YWKK.
lU dc 18 Hroad NIrcet, New York,
121 South Third Struct, Phlludelphlu.
ConoeoMd by I'rlvuto WIro witli miilu ufflcu. New
STHBIiT,
I>KI*0^11'S rccuivtiJ uud
balHnooa.
BU7 and
UOVEUNMBNT. MUMICIPAL
sell
and
UAll.ltUAl) S'OurltlOi.
TAINTOU.
O. E.
GEO.
II.
HOLT.
U. D. L'UUII.IISU.
UiaA.« Dewi.no. Clauk Ukwinu. F. t. Bontkcou
(Member uf New York Stuck ExchuiiKu.)
H. Dewing & Son,
BANKERI^ AKD UROKCR&i,
Buy and
At'i^*
'
whK'ii
;iikI
-t-U
^.usL
Ii>w;i
W
lluuKht
:-
ttiul
:!st.>ld
iniere.st
tor
Carolin
tl
iilluwoduu balances
Uobeatures
per eeot
&
VOX
UuLLtNS.
B.
H.
Uop«>HlL8 received Riiblect t*) check at Bittht. an )
IntereHi alloweJ on daily batHnce.<4. Alt Stocks and
SecunUes dettit In at the New Vork Htock Kxcbun'ite
and sold on Cuauultwtoa, for Ctub or upon
Marglo.
Stewart Brown's Sons,
STOCK BROKERS,
& 10 New
nt,.
New York
&
Oilman, Son
Co.,
62 CEDAIi
STREET.
In uddlTlon to a General
and
Sell
A.
YZNAQA. FHANK
&
C.
Banking Business, Bay
Government Bonds and investment Secuii-
Uea.
Brauoh
Office,
Co.,
BUOAUWAY.
NEW
6 Vandorbllt Are., connected by
private wire.
C^ Co.
BANKERS,
Transact a General Bankinif Business, includlnir
the purchase and sale of STOCKS and boNUSfor
cash ur un margin.
Buy and
Sell
luTentment Securities.
BOX a,f«7.
P. O.
A. M. KIDDEB,
" Arm of
BLAKE BROTHERS
Manning,
B.
BANKEK AND BKOKEK.
No. 14 Wall Street, New Vork VtXJ,
SOUTHEUN SECURITIES
State, Municipal and Kallway Bonds
Oongbt and sold at best market rates.
WaVLA.M) TBASK. H.
W. C. HiLl,.
J.
UoltSB.
with us.
and Coapoca
Memherof
trie
Npw York
LONDON,
T> BFBRRING TO
^^
HEINEmANN
at 62
Turner,
BROAD
18
Simons
&
Heinemann
NEW YORK.
Chew,
dtooks, Bonds and LI
.
OoTermnant SeonrltiM
Boojcht and Sold on Commission.
JAH. U. SiUUNH,
BirSBIiT CHSW.
Member N. Y. dtook Hzobang«.
Corporations, Firms and Individuals upon
favorable terms; also orders for the purchase and sale of Bonds. Shares, Ac. Ac. on
the Stock Exchange.
Interest allowed on Deposits, subject to 60-days
sight drafts, at Bank of England rate, and
one-percent below that rate subject to
demand drafts.
Megotlaie Railway, State and City Loans.
THE
Railway Share Trust Co.
(LIMITED).
T. Frodnoe KxchajuML
BANK BUILDINGS
No. 4
Co.,
BROAD STREET,
New York.
H HroRdway,
cor.
Exchange Place, N. Y.
liraucli Office, '^41 l.a iSalle St..
'
;
f
yj.^'l'.li'"-^''
Cblcago,
AM) SALE oV
'•": I'LUCIIASE
Sii'.'^^uv'':i'NV."';;{/f ,r';}jf,ASH
;..K
-S-vf
si^Ec^^s't^fSc^^v^iE^^^-''^
„
.
D. A.
„
BOODT.
p. O.
Box
447.
C.
W. MCLILLAN.
BErBKN LXLAND.
Asiel
UNITED BANK BUILDING,
Wall Street,
•rOVKS,
corner Uroadwajr.
OUitMJSI,OlAL PAPKR.
BOXDUd
"o" •"'" »" commission
.I'^N^i^vf"'*
liS ^V"?
*'**> 'S"«?'
Kxchange. AdTitncea made on
Snrf™.
DuiUeM paper and
other leourlUM
Co.,
BANKERS AND BROKERS,
EXCHANGE
No.
PLACE.
61
E. ASIEI,
L. 8.
Fkanke.vheimer, M. Skligmann
Members N. Y. Stock Exchange.
R. T. Wilson
&
LONDON, ENULAMD.
A. B, BATESLiM,
Memb. N. T.Cotton Exch. Mamb.M.Y.Stook KxoL
W. W. DUDLEY.
GREEN
& BATElffAN,
BA,\KKHS AND
BROKERS.
Cotton, Okain, Foheion Excbanoe,
Wall and New Street*.
PrlvMe Wires to Washington, D. r Baltimore Boston, Phlladelpblj wd CWcago,
-100K8.
<;oruer
,
Capital Paid 17p, £971,860 StorUnc
This
to
Company undertakes the
Loans
of
business of Tmstee
approved Railways, negotiates and
Innea Loans on the London Market, aots aa Agent for
Railways and other Corporations, either In the mat
Co.,
BANKERS AND COMMISSION MERCHANTS
2 Exchanse Court, New York.
UoCOLASSGuJtl!,..
BANKERS,
&
Co.,
Solicit accounts and agencies of Banks, Railways
BANKERS AND BROKERS,
BANKERS,
&
LONDON.
3 fixcbanse Courts 53 Broad war,N«¥\
No. 24
E. C.
62 Gresham House, E. C,
STOCK BROKBRS,
Member N.
CO.,
WALTER DABNEY HEINEMANM.
the N.Y. Stock Bxcbanse.
ST.,
Jc
GRBjHAM HOUSE,
of our
BANKER AND BROKER,
A
CO.,
EMIL HEINEMANN.
New York
in
TUB CIRCULAR OF MESSRS
dated 31st Dec, 18»5, announcing the termination of
that firm by effluxion of time, we beg to notify you
th.it we have formed a copartnership to carry on
a general Banking business under the style of
Stock Exchange." Sent free <m application. Both of
J.
York.
January. 1886.
BLAKE BROTHERS &
ourdrmareMEMBEitaof theN. Y. Stock Excua.nok.
UuBBUT J. Kimball.
Alfued B. Lounsbeky.
Membership
1st
CO.,
New
Of Boston and
Co.,
J.
(Established In 1865.)
BANKERS ASD BROKERS,
10 & 18 Broad Street, New York.
(18 Years'
E. C.
BLAKE BROfHERS A
&
Kimball
HOUSE,
EMIL HEIVEMANN,
F. B. BLAKE,
Kxchanire.
Sr.or,K
W. H. Goadby&
l5ooJi|»
62 CiRESHAIfl
has this day terminated by effluxion of time. Mr.
KMIL HElNEMA.NNand Mr. F. B.BLAKE alone
arri authorized to sign the Arm's name In liquidation
and to settle all outstanding business.
Investors o;
dealers wishing to ouy or sell are Invited to commusU
Otttu
CO.,
dc
heretofore carried on by us at
Investors wishiiiK to buy '.r sell are invited to call
or correspond. Prompt and personal attention given
to all orders.
John
j^aubers.
LONDON, aist December, 1886.
BEG TO GIVE NOTICE THAT OUK
VyE
Transacts a general Banking business, Inolndlng the
purchase and sale of stocks and bonds for cash or oo
margin.
WALL STREET,
Neiv York.
iforctfltt
Co.,
AND
Dealer in Miscellaneous Secaritles,
MILLS BJILDING (3d Floor,)
Boom«i35&8a.
33 WALL. STREET.
STATE ANDCITYBONUSOFGEOKGIA, ALSO
8BCURIT1KS 0^ THE CKNTKAL UK. A BANKlN(i CO. OF (il-X)HGlA A SPECIALTY.
16
No. 18
A
Dutenhofer,
C.
m.
Caldwell.
Lansino C. Washbubs,
.). TuWNSKMD. Member N. Y. Stock Exchange
Cba».
BANKERS AN1> BROKKKH.
Do a atrlotly ('omniliialon BUMluess lu Nos.
We have published a new pocket edition
ST«M K.S, ItOMDS and UKAIN,
annual " List of stocks and Bonds at tne
to CHICAGO, BALTI.MOKK,
PUlLAUivLPUlA and Intermediate Points.
No. 17 WALL ST.,
YORK.
IVALL 8TRKBT.
Interest allowed on depoBits subject to sight draft
0. B.
BROKER
Co.,
With Private Wires
3
Transact a general Banking Business, Including the
Purchase and Sale of all 8< curltles dealt In at tba
New York Mock Exchungp
Connected by private wire with E. W. Clark
and UIU A Kennedy. Philadelphia.
A
WASHBURN &
BANKERS AND BROKERS.
No.
BAKKKR8 AND BKOKBUS,
74
DAVIS.
TOWNSEXD,
Members New York Stock UxcbauKe.
R.
&
John H. Davis
CAL.DWEI.L.
HULLINB
A 8PKU1ALTY.
BANKERS,
No.
K.
B. Hollins
Cox,
Bankers & €oininl»Blou Stock Brokert
No. 68 BKOAUWAV. WKW YORK.
U4 Broad war
on rommlHNion, for canh or on miirgln,
Now Vork Htock Bx-
Hucurliles doitit lu at tbo
111 sijilit.
Cu.
WOOD A
IntMroHt allowed en dally balances.
All dopoHltH Hui>ji'Lt to fihevk at alKhl.
Particular utiuntion to ordors by mall or ttilesram.
II.
BHUKEMS.
Execute orders In all securttlee listed at the New
York St<M]k Excbange. For .Sale r
riIU>T-Cl.AIMI llAII.KUAI) FlKHT MORTOAOK BOHD*.
USOKGBC.WOUU. C. U. UUKSTIH. L. U. 8WAN.
ubanuu.
on CumiulHSlon
M. V. CAhULlM.
i;UAliL.IBH F,
UeuiberN. Y. Stock Sxchanse,
botitfUt
sell
Co.,
HUCCEIlfOHH TU
FIRST-CLASS IJVVESTIHEKTS.
No. IS Wall Street, IMew Vork.
8U>* k
BANKURII AND
DHAI.KKrt IN
all
Prlvul« ttilouruph wires to PruvldeHce and Boston.
&
NEW YORK,
PINE STREET,
31
Ymk.
busllieu.
hIIowwI on
Sons,
Sistare*s
nuA ^vohexs.
Wood, Huestis
Geo. K.
UENUUAI. BANKING
INTUKUST
It
f^nvLhiva
'j^voUevB,
Holt,
liANKi:iUi.
No. U
and
IBattlievB
Hi
ter of
payments of Interest on Loans. Dividends on
or Reglitratlon of Stocks In London, or otherwise.
Cable Addreas-PATT.
A. P.
so
London.
TURNER A
CO.,
THREAONBKOLB 8TRKBT,
LONDON.
'
THE CHRONICLE.
ir
[Vol, XLII.
Canadian gangers.
Merchants Bank
De Twentsche
Bankvereeniging,
W. BLIJDENSTEIN &
B.
AinSTERDAltl,
•
•
•
HOIjI.AND.
•
Capital fully paid up.7,203.9a5 GnilderB (»2.88t,570-)
(»365,237-)
UeserreFund
913,0l)2.52J< "
OFFICE, AnSTEKDAm.
BRATfOBUS:
No. 55
CO.,
3 Threaaneedle St., E.
<fe
C
Wis»EL-en-£FFECTBNBAi)K.
OFFICE, mONTREAI..
CO.
Transact a general Banklni; and Commission
Business In Bills, Stocks, Bliares, Coupons, (bo.
Sterling Exohange. Cable Transfers, Issues Credits available in
tli parts of the world, makes collections in Canada
ana elsewhere.and issues Drafts payable at any of
tlheofBcesof the.bankin Canada. Every description
of foreign banking business undertaken.
(LIMITED).
Head Office, 3 Angel Coort.
LONDON,
SAN FRANCISCO Office, 422 CalUomla 8t.
NEW YORK Agents, J. & W. SeUgman & Co.
BOSTON Correspond'ts, Massaoliusetts N. Bk
4ntborIsed Capital,
Paid-up Capital, .
Reaerve Fund,
-
•
•
.
96.000.000
1,500,000
400,000
.
HENRY HAGUE,
KKED'K F. LOW,
(«.„.„„
IGNATZ 8TBINHABT, I "*"*""*•
F.N. LILIENTHAL. Cashier.
Hong Kong &
JOHN
CAPITAL
B.
,„„„.,
AgenU,
)
HARRIS.
JR.,
f
(paid up),
-
-
-91,500,000
BRANCHES:
Paid-up Capital
$7,500,000
Reserve Fund
4,400,000
Reserve fur Equalisation of Dividends...
4<i0,(>00
Reserve Liability of Proprietors
7,500,000
The Corporation grant Drafts, issue Letters of
Cathulnea, Port Colborne, St. Thomas, Ingenoll
Welland. Fergus, WoodstockjWtnnipeff, Man
Brandon, Man., Essex Centre, Ont.
Oealera tn American Currency & Sterling Exchange
Agents
Shanghai. Hankow, Yoltohama, LUogo, San Francisco
and Llottdon.
A. M. TOWNSENO, Agrent. 47 Wlllla.m St.
Bank of
4
in
London
Lloyd's. Barnett's & Bo8anquet's Bank, limited,
Australasia,
(Incorporated by Royal Charter, 18SS.)
Tbreadneedle St., I.ondon, England
Paid-up Capital,
ReHerve Fund,
.
-
-
-
-----
-
£1,600.000
770,000
Letters of Credit and Drafts issued on any of the
numerous branches of the banlt throughout Australia
and New Zealand.
Bills negotiated or sent for collection.
Telegraphic transfers made.
Deposits received in London at interest for fixed
periods, or for transfer to the colonies on terms
which may be ascertained on application.
PRIUKAIIX S BLBY. Secretary.
L. de Steiger
&
Co.,
Agents tn New York:
BANK OF MONTBKAL
59 Wall street.
62 Lombard Street.
Promptest attention paid to oolleotions payable Id
any part of Canada.
Approved Canadian business paper discounted at
the Head Office on reasonable terms, and proceeds
remitted by draft on New York.
CAPITAL,
SURPLUS,
0. F.
913,000,000, Gold
$6,000,000, Gold
BMITHER8,
W.
J.
BUCHANAN,
No*.
Buy and
sell
WALTIK WATSON,
)
ALKX'B LAMO,
f
._„_,,
Agents.
Sterling Exchange, Francs an
Cable
Transfers: grant Commercial and Travelers' Credits
available In any part of the world; issue drafts on
and make oolleotions
Dominion of Canada.
In.
London
No. 22 Abcbnrob Lane
Office,
Buy and
STREET.
Exchange and Cable Transfers. Issue demand drafis on Scotland and Ireland
also on Canada, British Columbia, San Francisco and
sell Sterling
Chicago.
ClKCl'LAR. NOTF8 Issued in Pounds Sterling
available in all parts of the world.
ClALCKEUll'N ISSUED for useC'oMMEH.
in "ro?eT
China. Japan and the East nnd West Indlo". ilso
In name of LO^D(».\ & BRAZILIAN BAI\K
|
Ll.Mlilin,avairablein the Bruzi », Kiver Plate &c
Bills collected and other banlcing business transacted.
D. A. MCTAVISH, ( .
'
H.
Gzowski
SUKEMAN,
&
(
*»«"«»•
Buchan,
TOCK AND EXCHANGE BROKERS,
TORONTO, CANADA.
StoAs and Bonds, SterUng Exchamre. Drafts on
PHIL,ADET.PIfflA.
galttmore %vmktxs.
&
Wilson, Colston
Co.,
BANKERS AND BROKERS,
Members of Baltimore Stock Exchange,
BALXimORE.
INVESTMENT
and
SOUTHERN 8BCCRITIB8
Correspondence •ollolted
and Information
a
Brewster,
oisned.
N. Y. Gormspondente— McKIm Brothers
A Co.
Robert Garrett & Sons, \k
™
BANKERS,
No. 7 SOUTH STREET,
BALTIIHORE,
Wm.
&
Fisher
BANKERS,
Sons,
Dealers In GoTernmentu, Stock*
and InTeMtment
,
Secnrltlea,
33 SOUTH STREET,
HID,,
Have Western Union wires in their ofCces, by
oieans of which Immediate communication can be
had with all commercial points in the country. Especial attention given to purchase and sale of Virginia Consols, Ten-tortles, Deferred and all issues
of the State, and to all classes of Southern State,
itv and
licited.
Railway Securities.
Correspondence so-
ESTABLISHED
P.
ISTl.
Keleher
F.
&
Co.,
OLIVB STREET, ST. LOUIS,
Dealers In firestem Seonrttles.
Cobb
&
No.
86
Estabrook,
BAKEEBS,
CONGRESS STREET,
&
Co.,
INVESTMENT BANKERS,
BOSTON.
BOSTON STOCK EXCHANGES.
and United States Bnnde.
SPECIAI TIES
FONIS,
President,
JB.
& Co.,
WEITBOSSET STREET,
PROVIDENCE, R.
CLEVELAND, OHIO.
TOWN. COUNTY ANil CITy BONDS,
LAKE SUPERIOR IRON MINING 8T0<'KS,
AND STREET RAILROAD SECURITIES
O. O.
JOBHDA WiLBOCK,
CHABLIS H. SHKLDON
BiNjAMiN A. Jackson, William Binnkt,Jb.
j
i
STATE BANK,
Incorporated 1875.
»C. T. WALKBB
Cashier.
f
German National Bank,
LITTLE ROCK, ARKANSAS.
Capital (Paid In)
•
9300,000
'
Prompt attention given to
all business In our line.
N. Y. CoRRKSPONDENTS.— Imoorters' & Traders
National Bank and National Bank of the Republic
I.
Dealers In Commercial Paper, Government and
other nrst-olaas Bonds and Securities and Foreign
Bxohange.
Private Telegraph Wire to
Defaulted Bonds of Missouri, Kansas and Illinois k
Specialty. Good Investment Securities, paying froiB
tour to eight per cent, for sale.
Chas. H. Potter
MEMBERS OF THE NEW YORK ANL
New York and
George
Boston
•
OOMMISSIUN STOCK BROKER,
&
Eustis
B
Samuel G. Studley,
No. 4 Excbange Place, Boom No.
AMKBR
Co.,
8,
'INOINNATI. OHIO.
4,
BOSTON, MASS.
MBMBBR OF BOSTON STOCK BXCBANOB.
Swan
BANKERS
& Barrett,
AND BROKERS,
186 middle Street,
PORTLAND, niAINE.
Dealers In Government, State, County, City and Rail
road Bonds, Bank Stocks, *o.
nesirable Investment SecurlUea constantly on hand
11
fur-
305
BANKERS AND BROKERS.
OF
gS^OCK BBOKKRS,
SOUTH THIRD STREET,
134
IMtsXtxix ganlijers.
Hcto England ganlujc?.
S3
North America,
No.
Cbioaso and throughout the
Wilbour, Jackson
Bank
..!
BOBIBT M. JANNIT.
RALTimORE,
NEW YORK OFFIOB,
SO & 61 WALL STREET.
Dealera In Itlnnlclpal, State, Railroad
AGEN(JY OF THE
BANKERS AND
Oppositb Sboovd St
FRANKPORTON-MAIN. HERMANT.
©auadiaw ganfecrs.
Stock
M. Shoemaker & Co.
Jos.
Ctoneral Manager.
ALSO,
No. 62 'WAI.I.
JOS. M. SHOJUIAKBB.
And
President.
BANKERS.
British
Exchanges.
TRANSACT A GENERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.
Bank of Montreal.
.
Credit for U3e of Travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore, .Saigon,
Manila, Hung Kong, Fouchow, Amuy, Ningpo,
New York
of the Philadelphia and
pedalty.
it.
Shanghai
BANKING CORPORATION.
.
Members
Cable Transfers, Bills of Exchange and Letters
Imperial Bank of Canada.
--•-••
Transact a general banaing business. Issue Commeroial credits and Bills of Exchange, available In a 1
Ssrts of the world. Collections and orders for Bonds,
tooks. etc, executed aponthe most favorable termp.
CHESTNUT STREET,
PHILADELPHIA.
^•-w York Agency, No. 61 UTall Street.
SVRPLUS, ....... $480,000
NEW YORK CORRESPONDENTS:
D. R. WILKIB, Cashier
H. B. HOWLAND, Prest.
HEAD OFFICE, TORONTO.
Messrs. KNAUTH, NACHOD & KUHNE
THB
Anglo- Californian Bank
Gerlach,
Credit.
GEORGE HAOOB, General Manager.
J. H. PLUMMEK, Assistant (jeneral Manager
BANKERS:
LONDON, BNG.— The Clydesdale Bank (Limited.)
SEW YORK— The Bank of New York, N.B.A.
Enacbede-B. W. BLUB ENSTEIN, JB.
Almeloo— LEDEBOER &
No. 437
-
The New York Agency buys and sells
London—B. W. BLIJDENSTBIN &
Rotterdam— Db
•
HEAD
ESIABLIgHID ISeL
BEAD
$6,725,000 Paid Up.
$1,375,000
President, ANDREW ALLAN, Esq.
Vice-President, ROBERT ANDERSON, Bid
Capital,
Reeerre,
CO.,
&
Narr
BANKERS AND BROKERS,
OF CANADA.
Thos. P. Miller
&
Co.,
BANKERS,
nOBILE, ALABAmA.
Special attention paid to colleotions, with prompt
remittances at current rates of exchange on day of
payment. Buy and sell State of Alabama and City
of Mobile Bonds.
Correspondents.— Bank of the State of New York,
New York Louisiana National Bank, New Orleans
Bank of Liverpool (Limited), Liverpool.
;
Jaitoaky
THE (IHRONICLR
16, 1886.]
gaubctJB.
ii»o«tUctrtt
LouowioK J. Hill,
R. B.
jlV«ciaX IttttiCBttueutB.
McCAMnusa.
a. w. hill
Caihler.
Vtoe-Proa't
Geo. H. Prentiss & Co.,
R». 49 WALL ST., NEW YORK,
Gate City National Bank
PrMldant.
TU K
AWO
ATLANTA, CEOKUIA.
Dttignalcit Vr/wfiiory of the United Stale*.
Capital niiH Siirplnn,
Aoo
1
'<,
mONTAUUB
a08
$300,000 00
-
-
C1A8
C..1I.
-i
WIN
In
t
A. K.
Preat.
Walkmb,
CoUMtlona mada on
parta of tha Dnltad
all
made on
prompt returns.
;
Southern polnta on beat
all
Bonds
Stocks and
AND ALL KINDS OF
BROOKLYN SECURITIES
DEALT
Statu
MERCHANTS' NATIONAL BANK,
HICimOND, VIRGINIA,
Colleotlona
Street Railroad
Caabltt
First National Bank,
WILiniNGTON, N. O.
terms
QAS SECURITIES,
of Idle and
alwaTs In
ua a trial.
I
BaBBCM,
B.
STOCKS
y ta
,...
dttiuitiu
K
BROOKLYN,
ST.,
AHP
ri'iiiitted for.
am
IN.
OA8 QUOTATIONS IN THIS PAPUR
OKO. H. PHKNTISS. W. D. PBXNTIS8.
Member N.Y.Stock Ezch.
W. W. WAI.SH,
Gi.iNX. Cash.
P. BRANCH, President.
Fhei). R. SCOTT. Vloe-Pres't
BRANCH
&. CO.,
TIIOnAS
BANKBR8 AND COMMISSION MERCHANTS,
RICHmOND, VIRGINIA.
Circulars and informstion on funding the debts
(if
Virginia and N^irtli t'an.Iinii free uf cost oneetghth per cent char».'ed fur lundinfe. Southern li^iilroad and State and ^'ity Itond^ buiiKht and pold.
Manhattan ville
St.
4-2(1
&
Nicholas Ave.
St.
And other
City Railway
KlUabeth City
Rome Watertown
OgdensburK
ft
Ista
and
Securities,
DEALT IN BY
JOHN B. McCiEORGE,
20 Broad Street.
"TELKPHONB CALL
County
&
Toledo
ic
New^ York
727
NEW."
Pittsburg
Mortgage Bonds.
dc
Western RR.
EAST TENN. VIRGINIA
Sc
Ists.
GEORGIA
Funded Bonds.
**Nlckel-Plate" RR. Equipment B'ds.
Ohio Central
TOBLY
4 Broad
A.
16
New
Street,
York.
^Ittaucial.
ST^^IVTOIV,
AND
18
BROAD
ST.
THE lYESTERN
Farm Mortgage
Offers to Investors the best securities in the market.
FIRST
NASSAU STREET,
DEALKR
IN
CITY RAILWAY STOCKS,
OjVS STOCKIS,
TRUST
CO.'S
STOCKS,
TELEGRAPH STOCKS,
Bank
.
Stocks, Insurance Stocks.
8««n>7 quotations of Trust and Teleeraph Stocks
and Dotty Indicator.
In Saturday s Erenint Port
FOR
SALE.
Moberly, Missouri, Water Works Co.
FIRST nORTQAOE
PER CENT BONDS,
SIX
Dae
1»00.
Interest
January and July.
TOTAL ISSUE, $100,000.
COST OF WORK, $125,000.
Interest »niarant6B(l without condition by City
of Mobcriy. Particulars on application.
J.
L.
ROBERTSO!V,
INVESTMENT BROKER,
No. 7
NASSAU STREET.
YORK.
CITY RAILROAD STOCKS & BONDS
BOUGHT AND SOLD.
B« QnoUtlons of City Railroads in thia paper.
Interest and principal paid on day of mft-
New York. Funds promptly placed. Large
No losses. Send for circular, references
and sample forms. F. M. PERKINS, i'resldent: J. T.
WARNS, Vice-Prest.; L. H. PERKINS. Secretary
CHA8. W. GILLETT, Treaa.; N. F. HART, Auditor,
experience.
Farm Mortgages
Sums
of $100 and Upwards on Indiana and Ohio Lands.
NOTHINO SAFER. ALWAYS PROMPTLY PAID
BEND FOB PAMPULBT.
JOS. A. raooRE,
84 East Market St.. Indianapolis, Imd
In
t^anizatlon
Committee that there are now on deposit
at its disposal an overwhelming majority of the securities and stoclE of that Company, and over $2,000,-
000 in cash, from assessment on the stock, practically assuring success to the reorganliation of that
Company. Some $1,800,000 of the D. & R. G. Western Bonds are now deposited and at our disposal,
and we would remind security-holders that, to make
the plan operative, a majority of the bonds ought
to bo deposited before the 16th Inst. Falling that
depositors can withdraw their securities, as the
agreement will not be binding.
are assured by the D. & R. G. Reorganization
Committee that no other or better terms will be
We
Western Company.
GEOIIQE COI'PBLLi, Chairman,
J. LOWBBRWKLSH,
TH BO. OILMAN,
WILLIAM A. DICK,
R. C. MARTIN,
Committee.
offered to the
New Tobe, Jan. 8, ISSe.
Home
COMM KIICIAL AGENTi FOR TUB
FOREIGN BUSINESS OF HIS KXCKLLK.VCT
TUB VICEROY OF TUB PKOVINCH OF CHIHU,
EMPIRE OF CHINA,
appointment
60 IVall
GREENSBORO,
CO.,
St.,
N. Y.
COLLECTION AGENCY
S.
:
National
Office, Eiiiiiietsburu', lovra.
Office, 150 Nassau St.
Honse of XEHER
&
CAlfPENTER, Troy, N. Y.
Established 1824.
Ueorganlsed
Banking
NOBTH-
WESTERN
017111
1H08.
A VT'P'li'i
;
LOAN
^
;
COMPANY.
On
Eastern Hepresentatlvee
the NORTHWESTERN
GUARANTY
LOAN CO.
of
of
Minneapolis, Minn.
capital, $200,000.
AiHhor-
Real U8tat«
Mortgages worth from two to
four times the amount of mortgBKe, nettlnK Investors 6 to 8 per
ct. Ouaranieed by Co. Interest
payable at our Banking House.
SELECT FIRST MORTGAGES.
IniproTiii;; W;cstcrii Properly
with present cash value Areble upwa'ds of Loan,
affordintr 7 to 8 per ceut incomt- also Kuarantecd
Business Notes or established merchants of Minneapolis, runnintr 2 lo 6 months, absolutely secure,
affordtuKTto H per cent In advance. Refer to Nat.
Bank of Commerce, Minneapolis
r, Sam'l R. MacLean. Banker, 43 f xchange Place, New V<»rk. dealer
In approved Investments, to whom apply for partic;
;
ulars.
B S.
H.
BAKER.
<
Dealer in Real Estate and MortMinn.
gajtes, Minneapolis,
STOCKS
M>nlts.
and
BONDS
At Auction.
The Undersigned hold
SALES
REGULAR AUCTION
of all classes of
STOCKS AND BONDS,
ON
AI.A.,
W. CHADWICK (Cointy TitKASiUKKt.
Collections solicited and remitted fur at lowest rutoa
Rkfeuencks
OF
Incor-
New York
Ruction
NOTICE.
The tmdersigned have been nominated by special
RUSSELL A
8%
The American Investment Company*
porated un-)er the laws of Iowa, with a capital Stock
of 91, 000,000. ^u(ceedt^KOuMSBY Bhos.ACo.,
Emmettsburtr, Iowa, oit-V-HY.CLrTK&t o., Mitchell,
Dakota. <'H.msi(v, Gkavks A Co., Huron, Dakota,
Bankers and Mortpane Brokers, offer (iuaraiiieed
Murtsages, Debenture and Kciiool Bcmcis. Their Demand Investment Certificates, {lrawinK5 perct*nt, are
attractive for parties with funds idle for a short
time. 30 years' experience. Write for pamphlet.
To Bond and Stockholders ut me
Denrer & Bio Grande Western
Railway Company
We are advised by the Denver & Rio Grande Roor-
H. L. Grant,
No. 145 BROADWAY,
NEW
MORTGAGE LOANS UPON IMPROVED
FARMS.
:
No. 21
Co.,
LAWRENCE, KANSAS,
6
KIRK,
BOUGHT AND SOLD BY
S.
COLORADO.
We have on hand and for sale flrst'Class County
and Hchuol Roods and other choice securities. We
especially reconmiend to conservative Investors onr
Rl-JALKSTATKI,OANion Improved City and Farm
Properties, These have been made by us after rigid
Investigation of title and values, and can be transferred at once. Oorrospondence solicited. Ulgbeat
references East and West.
BOUGHT BY
OOMmON AND PREFERRED,
J.
Dickinson,
Preferred Stock.
Town Bonds orilllnols.
& ereenivood Lake MR.
First
E. HACHFIELD,
No. BH Pine Street.
&
Hayden
CITY OF EVANSVILLE, IND., As ic 7».
Securities.
ALBERT
record hero in New Vork of all these ye»r8 will dem'1 hat prudent
Investors are learning the
value of these securities Is sliown by the enormona
proportions to which these investments have grown
with us during the last two years of depression.
onstrate.
turity in
Common and
3dB.!
Oswefto A Rome lats.
Bdoto Valley First Mortgage Bonds.
Boathem
Securities,
STATE OF ARKANSAS FUNDED 6s.
TOLEDO & OHIO CENTRAL RR.
SOLD.
I
1
FARMS
Broohlyn City Elevated Railway
Investment Securities
IV ANTED:
New Bonds and Scrip.
every Industry In the Weat,
Ihe i.rodncis of tha Frirm.
Nupp<irt the man-
.n.l i-.,it,,ri
ufactureKr.i
iind even the va«t ayatem of
mtlways th It gridiron the continent. The tbonaiuida
I'T nitlllons of nniney that are invented in the
aaourllien of these rallwayaare dependent almoat antlrely
upon the success of the agricultural in'ereat, and ret
railroad Ixinds. iin a proper mileage, are a favorite
Inveatniunt with the publlo. notwltxaianding a drat
niorigage ii|Hin ttie Iihiiih hai t^roduce the revenues
that sustain thi'Mi
vaprlorllen. If carefully made, a I'lUvi^K np.n one of these
'S bet err.
,- that follows.
THIRTY-I'lVKl <,.s.^r.i I, ilVE VKARSof active
and large exiwrieiioe with placing these loans has
enabled this i:oinr>any to master all the details required to secure and protect a lender's money, aathe
AI.gO
investments.
BOU»UT AND
f
«;
<:.Mr
DENVER,
;
jl)}jecial
'
bn.ls
INVESTMENT BANKERS,
JOHN
JOBN F
Tun
Northwest
Wheal,
CorporatlOQa and
Indivi
7 Per Cent Farm Mortgages
The Corbin Bankinc Co., 115 B'dway.
Commercial Bank, Mobile; Commercial
--Bank* Solma, Ala,
WEDNESDAYS AND SATURDAYS.
ADRIAN H. IIIIJLL.ER A. SON,
No, 12 PINE STREET, NEW TOBK.
(BQunABLB Building.)
;
THE CHRONICLE.
VI
%iiUvtstf ^ivi&tn&Sr ^c.
PACIFIC RAILTH£ CANADIAN
AVAV COMPANY.
]»IVII»1BNI»
tbstdHte.
for this dividend, payable at the agency
of the Bank uf Montreal, 5» Wail Street, New York,
-will be delivered on and after February 17, at the
Warrants
company's agents, Messrs. J. KE>JNEDV
CO.. 03 Willium tStreet. New Vork, to stockboldors who are registered on the Montreal or New
York ReKi-ier.
Warrants of European shareholders who are on
the London Kegistcr will be payable In sterling at
the rate of four shillintrs and oue penny h«lf penny
<4s. li^d.) per dollar, less Income tax, and will be
•aelivered on or about the same date at the office of
the company, 88 < iiunori Street, Ijondon, England.
The transler books of the company will be closed
i
inl/ondon at three i3) o'clock P. M. on Tuesday, .Ian.
18, and in Montreal imd New Vork at the same hour
on Monday, llie <;5th of January, and will be reopened at 10 o'clock A. M. on Thursday, Feb. 18, 188tJ.
By order of the Board.
CHARLES DRINKWATEB, Secretary.
Sealed proposals will be received at the oflBce of
the City Comptroller of the City of St. Paul, State
of Minnesota, until 3 o'clock P. M., on
TOO &
Office of the skcueiakv,
M">NTitE\L. January
The Twenty-Eighth Day of
WINSLOW. LANIER & CO 26 Nassau St., New
York City.
QUARTERLY REGISTERED INTEREST due
be transmitted at maturity to certificate
25, from which date until
the transfer books will be
8.
dend of one and one-half per cent im
stock of this ctirapany hils been this day declared,
payable itt this olhce on and a ter Feb. 1, 1886, to
stockholders of ri-cord on that dateTransfer books will be closed at 3 o'clock P. M.
Jan. 18, and will be re-opened at. 10 o'clock A. M.
Feb. 2 prox.
i™ E. T. NICHOLS, Jr., Assistant Secretary.
$100»000
00^000
^iuauctal.
50,000
Minneapolis, Minn.
Special attention t^iven to
^^ n
tjOl lections. Ci'llectlons ana Remlltan•
,
^'^^
*'^*'
oeson day paid.
35,000
Investments. ^?o°^fd ^i?rf?Splr??.'"other Stocks Bought and Sold.
&. CO., Private Bankers,
Minneapolis, minn.
320.
Bank and
BIiAKB
P. O.
Box
THIRTY
GEORQli
THO.MA9,
B0W1>0[N,
EDWARD T SrOrESBURY,
JAMES W. PAUL, Jr.,
CHARLES H. COSTER.
TEARIS,
County of Ramsey Bonds, issued for the
erection of a new Court House and City
Hall Building, under an act of the legis-
GEKGE
City of Saint Paul Bonds, issued for the
purchase of lands and for the erection
of Engine Houses. Sec, for the Fire Department, unaer an act of the liegialature approved February 24. 1885.
City of Saint Paul Bonds, issued for
lands purchased for Public Parks, under
an act of the Legislature approved Feb.
26, 1883.
C.
S.
PARIS, December
DREXEL, HARJES ic CO.
31 Boulevard Haussinan, Parla.
DREXEL & CO.,
DREXEL, MORGAN &
11 CoPTHAi.i.
London.
"lyE
C,
K.
Ist
by
tlie
Chicago Rock Inland & Paciac RR. Co.
FOR SALE BY
REED &
A
Atlanta
FL.4 00, 11 Pine
Charlotte A.
I,.
St.
R'y Bonds.
IIIeiu|>hls&;Cliarle»ton KR. Bond".
lUenipliIs Sc Little Rock RR. Bonds.
Carolina Central RR. Bonds.
North Carolina State 6s.
Birmingham
City, Ala., 7s.
And^miscellaneous Securities.
BdUllIlT AND SOLD
A. liANCASXER
4 AVall Street.
Br R.
npHF. FOURTH NATIONAI. BANK OP
""' '"'^'^ VOKK.-New VOUK,
T
?o",''i>i'''^'w
Jan.
12, 18»e.— At a moetinK of the stocliliolders
of
the fourth Nationiil Bunk of New York Ity held
this day, the followins-uanied gentlem-nwere uuauJmonsly elected Directors for the eusulni; year
Joseph II. Hoyt,
Charles
Smi h,
yrederlck Mead,
John H. Inman.
Elmoie A. Kent.
Robert VV. Smart,
Corneilua N. BKss.
o. D. Baldwin
KIcliarrt T. Wilson.
At a subseciiient meeting of the Directors, held
Jan.U, Mr. O D.BALDWIN was unanlnious'y reelected Presidei.t and Mr. (OltNEI.lL's N BL1«.S
was unanlnious.y re-elected Vice-I'realdHnt
i
•
.-<.
'
H.
"THE
J-
BUCKHOUT,
Cashier.
IVERCVNTILB
NATIO\Al,
BANK OK TUK CITV OF NKW
YORKJjEw VoKK. Jan. 10, 1H«0.-At the
annual meetlni; of
on the 12th inst.
Kfii'tlemen were duly elected
V>'.?»''.'""".""''5""""'
l)lre«tors for theensuiug year:
WUIIani C.
.iwning,
Isaac N. Phelps,
Heury T. Kneel.ind,
(ie..rge H. Sargent,
Emanuel Lehman,
Fredt^riok B Schenck,
*'• '^."'''"-•"'Charles M. Vail,
fe^!
the shareholders of
this bank, held
B
James
we have this day commenced to carry on a genBanking and Commission business at the above
address, in co-partnership, under tbe style of
BLAKE, BOISSEVAIN &
Mr. H.
J.
DELANOY MEYER
be issued in denominations of
K.
.\
chols,
j sepli H. Weller.
Krancis 11. N.
Whiting
Wm. P. St. Joh
'Jlrector., heM this
dM
Mrwvf
t' Ln?
'V,';'L'\,"'
ST.JOHN
WHS
unanimously
re^uiifi u
,J
1.
,,
'.•
«l»cted President.
y. B, BCiJHfii!(UK. Cashier.
F. B.
ONE THOUSAND DOLLARS EACH,
delivered to the successful purchaser in the
City of Saint Pa'.l.
No bid will be entertained for less than par and the
accrued interest, us providod by aw.
Bids win be entertained for all the bonds, as a
AVnOLE, OR FOR ANY PAItT THIItEOF.
The "Commissioners of the Interest and Sinking
Fund" and the Committee of Ways and
ans of
the Common Council of the City of St. Paul, reserve
the right to reject any or all bids.
EDMUND ItlCE, Mayor, Chairman of the Conamisdioners of the Interest and thinking Fund.
WM. A. A' AN SLYKE, Chairman of the Committee
of Ways and Means.
Mark bids "Sealed Proposals for Bonds," and
S.
il.
And
6Js
CO.
will sign for
our
DEALINOa
I.N
A SPECIALTY.
Cash paid at once for the above securities or they
be sold on commission ar seller's option.
;
will
l^itth
Avenue
HOTEL,
Madison Square,
The
NEW YORK.
Largest, Best Appointed and
Most Liberally
Mitnaved Hotel in the City, with the Most Central
and Delightful Location.
HITciirnOK. nART,lN» * CO.
JOHNG. MOOHB. W. K. KiTCnKN, G. B. ClILS
Moore
\Vh, t 'C midersi^'iicil. uirect>»rs of the Rutlierford RhI wav Coiislriict un f'ompany, havi"K
arned
ttie Secretary
f said company, Jamei A.
Miller, that Martin Walker, President of said cimpany, nad signed and delivered to K. A. Julinson,
Manager of tbe Massachusetts & Southern C<rnstruction Company, over ^lydO.uoO mortgage bpnds on u
ra Iroitd irom Kutheifoj-dton, N. C., to U aclc's
Station. S.
do enter this our pi-otest against tbe
signing and delivering of said bonds lor the tollOff.
Ing reasons
1. There is no such railroad, only a proposed route,
with less th>in five mi es graded.
2. Kulhcrford ("ouniy uas uo gua'antee that the
proposed railroad will ever tie built, and no assurance that the purchase money of these b jnds will be
used in the construction of said railroad.
3. If the Massachusetts Company fail to bui'd said
railroad and nn in. ocent iiurchas-rof those bonds
suffe-, in oiir opinicm the President and lioard of
Dliect rs of tlie Rutherford Railway Construction
Company would be responsible.
EuiujtKi'OKUio.v, N. v., Deo. 1, 18S5.
l
through
C
J.B.
G. B.
„„_"" you WA.N'T TO BUY
telegraph
to,
Olt
send
26
BROAD STREBT, NKW^ VORK.
Branch Officks:
72 Wall St.. New York,
114 So. 3d St., Philadelphia.
1419 F Street, Washington.
Connected wiih
Irvino A.Kvans&Oo*
2» Slate Street,
Buston.
Private Wire Connections.
Buy and sell Stocks, Bonds >nd Miscellaneous S«curitiea on New York Kxchan^es. also (jrain and
Provisions on Chicago Board of Trade.
_
Spencer Trask &, Co.,
Bankers^
Nos. 16 Ain> 18 Bboad Street,
Transact a General Banking Business
UKNRV,
Branch Offices:
PRUE I'T.
Connected by Private Wire*.
SKLL A.NY
PUTS OR CA LliS ON -TOC'KS
write
to,
Schley,
KAVES.
J. U. BltAUI.BT,
J. K.
.T. K. Mrl'AUl,AND,
-
&
BANKERS AND BROKERS,
T)IRECTORS' PROTEST —
-^-'
,,
Bailey,
INSURANCE STOCKS
City Comptroller, St. Pan], Minnesota.
34
BOISSEVAIN,
BIAKE.
PINB STREET,
M
,
Augustus U. Painc
..
will
JOHN W. ROCHE,
CO.,
J
STANTON BLAKE,
address
&
)
eral
A. A. H.
Principal and Interest G'-:aranteed, by Endorsement,
Court,
January, 1888.
BEGTO ACQUAINT YOir THAT
firm by procuration.
These bonds
First inortgaKe T Per Cent Bonds.
CO.,
JOHS H. HARJES,
EUGENE WINTHROP.
$^75,000 TOTAL.
Investment Bonds,
CHICAGO & SODTHTVESTERN RR.
31, 1885.
The nndersigned will continue the copartnership
now existing under the firm name of
City of Saint Paul Bonds, issued for the
erectfon of a new Court House and City
Hall Building, under an act of the Legis
lature approved February 2ti, 1883.
ruary
J. DREXEL,
PlEEPONr MORGAN,
HOOIJ WRIGHr,
J.
lature approved February 26, 1883.
1
CO.,
ANTHONY
1010 (.JO years), and payable at the said flaancial
aKencies, Issued for the following purposes, viz.:
Sc
Ac
NEW VOKK.
J.
ST.,
i
The usual quirterly
4, 1»w6.
DKEXEIi, raORGAN
(SEMI-ANNUAL COUPONS ATTACHED.)
in
CO.,
PHILADELPHIA.
of Ramsey,
maturing
CO.,
The undersigned have this day formed a copartnership for the transaction of a general Foreign and
Domestic Banking Business in Philadelphia and New
Vork, under the firm names of
DREXEIi &
divithe capital
Treas urer.
Yokk. Jan.
CT.
All bearlriK interest at the rate of four and one-half
(4J^) per cent per annum, payable setni-annually at
the financial agencies of the City of S tint Paul and
County of Ramsey. In the City of New York, dated
January 1st, 1886. Principal maturing January 1st,
JONES.
ST. PAUL miNNEAPOLIS
THE
MANITOBA RAILWAY C, 63 WILLIAM
New
PER
OF THE
,
GEO.
(4^)
BONDS
'
CO.,
PHILVDELPHLA..
DREXEL, raORQAlV &
City of St. Paul and County
5, 1886.
16, 1886.
will
DREXEI. &
Jan., 1886,
NEW yORK.
FOUR AND ONE-HALF
GWNERAL MOKrG»GE 6 PEit CENT couptns
of this Companv, maturing T^'eb. 1 prox.. will be paid
on andaftertnatdiitcat the banking house of Messrs.
liolders of record Jan
Feb. 1, 18s6, Inclusive,
Closed.
fore existing In Philadelphia and New York
under our respective firm names expires this day
according to its terms, in consequence of the death
of our late esteemed partner, MR. FRANCIS A
DREXBL, on the 15th of February last.
Mr. BGISTO p. fab iR;, to our great regret, decides to retire from active business, owing to the
FOR
PACIFIC
PAUL & NORTHERN
ST.
RAILWAY CO.,
NEW YoKK, Jan.
5
condition of hia health.
THURSDAY,
office of the
?
"pHE COPARTNERSHIP HERETO-
CiTT COMPTBOLT.EK'S OFFICE, Cm' HALL, )
>
CITY OF SAIXT PAUh. Ml.VNESO I'A,
December 2a, 1S85. )
capital stock of
company. nl'Uia rate of THREE (3) PfJU CENT
per annum, se«ured under uKi'eement with the Government cf the Uurainion of Canada, will be paid
on Kebruarj- 17, 1860, to stockholders of record on
1
PHII.ADBLPnTA AND NEW VORK
December 31, 1885.
Sealed Proposals.
NOTICE.
The half-yearlv dividend upon the
Veb.
^tuancial.
gitiattclal.
•this
XLU
[Vol.
foi-,
Oil
BilNDS,
or call on,
11. \V. UOsKKBAliiM,
txcuniiire Plitce, New York.
Telephone call "isewsli.".
Philadelphia, 133 South Third Street.
Albany, N. Y,, 65 State Street.
Providence, B. I., 13 Westuoiuster St,
SaratogH, N. Y., Qrand Uuion Hotel.
1
:
financial;
xmuk
HUNT'S MERCUANTS* MAGAZINE.^
SEPRESENTINa TUB INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATEa
VOL.
SATURDAY, JANUARY
42.
C O N T E N T 8.
York total?, the excess in exchanges of other origin
be 73'1 per cent. Certainly a very gratifying result.
THE CHBOKICLE.
('earing-IIonsft Returns
Tl 6 Flnanolin Situation
ercals
liicriiiso 111 tliB Ylelil of
and (low Dl-tiU'Oled
Gold uud SIvor rroducUon
'
'11 Railroad E.trnings in Decemberaudtue Year 1H8.^
'Z
I
Monetary and Commercial
74
EnallsU News
76 Commercial and MUoollaaeuus
I
|
I
Money Market, PorelKn Ei-
News
j
I
86
I
i
87
9i
95
$716,037,847
I
91
TIMES.
100
Dry Goods
101
is piMUhed in
New York every Saturday morning.
Eat red at tlie Post OtUce, New York, N. Y., as second class mail matter. J
—
Terras of Subscription Payable in Adrance
FirOne Ye« (Including postage)
flO 20
ForSix Moiitli.s
do
6 10
11 28
European Subscription (Incluling postage)
£2 7a,
Annual sulMcriptiou In Loudon (luoludini; postage)
do
£1 8s.
Six Mos.
do
do
These prices include tlie Investors' SiiprLKMENT, issued once in two
months, and furnished without extra charge to subscribers of the
CHRONU'LK.
Suhsoriptlons will be continued until definitely ordered stopped. The
publishers cannot be responsible for remittances unless made by Drafts
•r Post Ollice > oney Orilira.
A neat tile cover is fnniiahed at ,50 cents: postage on the same is 18
oent«. Volumes bound for futwcribers at .fl 00.
Uffices iu Ensland.
The ofBce of the Commerciai. and Financial Chronicle in London
A
with Messrs. Kuwards
Smith, I Drapers' Gardens, E. C. wliere aubriptious and ailvertisfmeuts will be taken at the retoilar rates, and
single copies of ilie p«per supplied at la. eacli.
TIieolBce of ilic Chronicle in Liverpool is atB15, Exchange Buildinss.
si
Ji
HM
D\SA
WILLIAn
19
O. FLOITD.
ic
+38-7
1886.
3.
ferdefit
$608,007,197
+U-U
;+»-r)
(+8-a)
(-3i-5)
(+^••0)
(1.7S0.887!
(401.0001
(-05)
(+0 4)
(1,684,274)
(439.800)
(41.17a.000)
(62,952,000)
(-34-6)
(22,599,000)
(PetroUwn..bl>lt.)
(77,217,000)
(41,123.000)
(+878)
(42,052,00(1)
$07,246,116
B.027.600
8, 187,681
1,025.633
845,374
994,386
$69,281,591
618,106
861.457
762.029
D33.391
455,462
+40-4
+8-0
+88-3
-f20S
+10-9
+6-5
+13-8
$81,647,206
4,674.000
1,774,124
031,002
886.754
797.180
519.760
1108,794,846
$79,170,200
+37-4
$91,231,924
+ 15-4
160.567.628
8.171,454
16,105.757
$44,488,297
7.311.208
13,659,349
+36-3
+11-8
+18-3
$47,451,313
6.454.040
9.300,117
-13-9
+29-8
$63,206,379
-31
44-6
+4-8
-18-3
+10-2
ProTldenoe—
Breadsluffs
The Commkrchal and Financial Chronicle
B.
$816,152,177
Percent.
(Cotton.. ..bala.)
(OTain...btuhelt)
LuweU
» ILtllM
Week Ending Jan.
e.
i8t(Kks....9Jutru.y
89
89
90
Worcester
is
eeen to
Salaof-
|
j
1880.
1886.
83
85
Ciuotaitoiisof.StoclfsandBonds
Local Securities
Railroad EarnlnRS
Invosciuent and Railroad Inteillgeuce
THE COMMERCIAL
Crmmerolal Epitome
Co ton
Week EnMng Jan.
79
ia
I
|
THE BANKERS' GAZETTE.
change, U.S. Seouricles, State
and Rai road Bonds and
BtiaKs
Ranne in Prices at tUe N. Y.
Stock £z(han«e
NO. 1,073
16, 1886.
B. D.INA & Co., fiiblidliers,
&l Wllllain .Street,
YORK.
Post Oj-fice Bo.t 958.
KEW
Total
N
England
Phlladelphte
PittaburK
Baltimore.
4,61 7,000
2,269,270
»8J,904,t39
$65,408,854
J5j.503.912
10.703.600
4.U7<,88e
3.447.6*1
$51,633,545
10,199,650
4,482,158
1,701.372
Clereland
1,601,572
2,715,a8«
Columbus
1,927,945
Omaha
Total Middle....
ChlosKO
Cincinnati
Milwaukee
Detroit...
iDdianapolli
Denver*
+77
Louis
at. Joseph
New Orleans
3t.
(338.600)
+4-8
$41,952,890
8,418.>00
+1V1
3,200.049
2.477.845
2,463,839
1,256.132
+24-0
-5-9
+10-8
+58-5
77r,33a
699,538
+ 111
1.122,427
2,015,777
1,571,712
649,705
2.561.459
2,711, SJl
-5-5
«,3!i5.30«
»8«,305.7i9
$77,914,010
+8-2
$63,755,501
$17032.092
$17,615,274
-35
2,7<!tf.l'55
3,716.861
Total Western..
+16-5
+13-0
—18-4
+24!S
+4-4
+8«
+:13-0
-0-5
-4
-10-8
+8-»
+ 20-5
-25-8
+28-0
3,016,481
$13,382,028
800,054
+8-7
-30
1.076.919
554.927
11,086,8.55
11.535.793
Looiarille
5,7.53,828
4,655,628
+94-1
-3 9
+23 6
(fansasClty
4.308.702
4,703,493
-84
Memphis
2.442,215
2,290.134
+6-6
Galveston*
1,7«2,341
$41,700,491
$41,385,249
+0-8
$33,591,084
-0-2
$11,393,8.16
$12,452,874
-8-5
$11,040,089
-13-0
(1,047.1 3T.008
$702,48,9,384
$8-0.023.(124
+12'7
Total Sonthem..
San Francisco
CLBARINO HOUSE RETURNS.
(1,934.884)
Total
all
+32-
10,235,388
4.827,059
3,689.696
1,257.800
1,548,746
+62-8
-61
+13-4
+152
-20-O
The opening week of the new year, so far as the bank Oatslde New York »S31.0«B,761 $876,331,187 Ti»-8
+i"<S
$262,825,827
c'.earings are concerned, makes a very satisfactory showing.
* Not Included in total
The aggrefiiate of exchanges for the whole country is of
The returns of exchanges for the five days ended with Friimposing volume, and in contrast with the total for the same
week of 1885 shows a decided excess. The improvement, in day evening, as received by telegraph, though less than for
comparison with a year ago, extends to almost all points— in the five days of last week, make a favorable exhibit in comparison with a year ago. The extremely cold weather has
reality to all— the decline noticed at a few cities being due to
local causes, such as the extreme cold weather, the snow undoubtedly served to check business, and thus reduce the
volume of clearings, so that the gain over 1885 in the present;
blockade, &c., and their attendant
general
interruptions to
statement reaches only 16"3 per cent, whereas last Friday it
City serve as especial illustra35'4 per cent.
tions of the effect of these adverse influences. Comparing was
with 1884, we find that this year's total exhibits a loss of about
6 Vye Bnd'g Jan. 8.
Five Dayt EndlnQ Jan. 18.
one-tenth of one per cent, but that outside of New York there
laso.
Per
Cent.
1880.
Percent
1886.
is a gain of fully 19 per cent.
Stock transactions at New
business.
Omaha and Kansas
York during the week of 1884 were heavier than at the same New York
Sola 0/ stock (<JU.)
time in the current year, and the range of prices for almost Boston
all commodities was higher then than now.
Comparing with PhiladelphU..
.
1883, there is also
4I4'
an increase
in the
whole country of about
per cent.
At New York
and
Chioaffo
St.
the clearings for the
week record an
increase
over the corresponding week of last year of 38-7 per cent.
Share transactions on the Stock Exchange cover a market
value of 1108,911,000, against |U8,235,000 for the week of
1885,
Baltimore
after deducting double these values
from the
New
Louis
New
Orleans...
$536,814,606
$446,050,626
11,811,181)
(1,559,6401
70,898,402
42,995,476
10,268,185
38.10H.0OO
57,377,406
38,020,580
12.407.509
13,741,800
11,106,801
10,875,9S»
12,284,128
37.211.071
+20-3
(+161)
+23-8
+13-1
—16-4
-3-0
-9-1
-8-1
$009,083,037
+40-6
(1.515.712)
(-21-7)
65.178.002
63.428.708
13,008.630
+48-9
+891S
+2S-S
48,402.(100
+-10-9
14.042,382
11,048,426
+0-7
+28-2
~3f4
Total
Balanoa, Conntry*
$720,253,128
61,174.390
$615,792,601
"+17-0
"$838,088 075
86,797,338
+-7-7
88,986.846
+12-5
Tout all
New Tort
$781,427,528
$672.580.980
$«9S.9;i9,»21
"+35!;
Oatslde
1244.813.01 Ol
Xsilmated on the basis ol the
+16-2
+.S-1
$326.539.313
vteUj returns.
last
•'.;^^.i^*.^ I'Hi
.
THE CHKONICLK
72
[Vol.
XL
EXPORTS OF BREADSTUFPS, PROVI8IOSS, COTTON AND PETROLEUM.
THE FINANCIAL SITUATION.
The money market
so far as represented
by bankers'
quite
balances has further receded this week, returning
cent
nearly to its old state of extreme ease, 1|@2 per
Our banks are very
money coming in now from
becoming the almost invariable
supplied with funds,
well
almost
while the payments of the
points,
interior
all
rate.
1885.
ExfOHl
from V. 8.
December
21,015,910
8,261,158
52,093,771
5,231,660
757,829
8,053,649
1,018,817
4,779,012
897,225
40.134.73
4,462,697
Wlieat.bu8h.
Corn. .busb.
7,622,080
6,149,113
88,807,330
12,885,930
4,812,800
73,601,460
18.444,412
9,269,173
60,216,416
24,305,317
2,705,609
25,686,965
l,l«3
63,112,847
17,648,730
87,045,872
11,516.712
68,681.508
10,712,842
2,478,041
7,949,927
167,239
192,564
1,567,403
1,213,853
1,896,919
209.384
to continue
Cotton
Petrorm, &o.
the whole sinking fund
provided
is
for,
13,1
*
6,728,512
8,815,173
Rye
Oats & meal.
Barley
until
Jtfbnt/w,
4,311,880
Unless greater activity occurs in commercial
"West
affairs, the promise is that the surplus money of the
and South will go on concentrating here, while the understanding that the Secretary of the Treasury is
July
to issue calls for bonds between now and the first of
December. 6
Wheat.bnBli.
January interest and the pro- Total busb..
Government
Vcduea,
for the redemption of Wht & flour
month
next
spective disbursement
Com &meal.
called bonds, seem to give promise of even an increasing supply.
1883.
December. 6 Monthn.
Q Months.
Flour... bbls.
for the first of
the
.
Breadstuffs..
PrOTlBlona
155,183
18,374
10,117,242: 5«.993,732
288,021
160.206
18,767
14,361,5481 76,700.507
13.088.118
69.082,483
16.003,956
2,255,189
565,043
166,005
88.014,826
62,055,688
45.288.145
11,233,7011 52,087,934
10,844.952
81,975,2*18 108,137,095
41,548,502[ 126,135,617
29.014.881 101,975,483
8,474,880
.
Total
85,902,381
t
t
87,372,043
13,278,860
88.307
2,184,000
94,622
4,147,886
26.746,465
4,291,093!
27,395,718
71,435,738 285,319,7a6
54,715,076 233.150,437
8.625,056
25,852,523
5e,573,00-( 277,298,320
seems to
Here is a loss in values during the single month of
December of about 17 million dollars compared with the
But even this will not fully
same month of 1884.
account for the condition of exchange, since there was in
trade balance in our favor of over 49
Bince the first of January been in a little better supply, December last year a
from this 17 millions for demillions,
and
if
we
deduct
but the demand is urgent enough to absorb it all at a
point to a further letting out of
Government accumula-
Altogether then the outlook for money is not for
tions.
very promising unless the export of gold
moment
the
becomes large enough to affect it. Commercial paper has
decUne in
slight
rates,
3|@4 per
By cable we have
quoted at
60 to 90 days endorsed
bills
being
crease in exports and say 9 millions for increase in imports
cent.
there would
the report that discounts in the open
be abundantly
now
still
remain 23 millions, which would seem to
sufficient to
market at London
2f per cent for 60-day to
loans
are
about \@\\ per cent,
short
and
bills,
3 months'
Latest
while the Bank minimum remains at 4 per cent.
extra items in the accounts.
mail advices explain recent movements of bullion from
in that
the Bank and indicate its possible continuance
the current
are
at
;
view, the considerable
of bullion in this week's
increase
return (£520,341) is an important fact, as it strengthens
notice that the Bank of
the reserve materially.
France lost during the week 7,942,000 francs, which indi-
We
ports in January last was over 38 millions there can be
no
movement
for
favor.
demand
now
Brittanic
.bars,
will
it
carried
Bank
England, another source being the shipment
ment to-day.
The general
Bros, withdrew half a
from the Assay Office for ship-
has undergone no very
induatrial situation
The outlook
material change.
is still
the selling rate for
Brown
and yesterday
some
all this,
week gradually moved upward,
The
is
at the gold shipping point.
out on Thursday $118,721 66 gold
cates very
in
not also show a fair surplus in our
notwithstanding
sterling has this
that
so
month
Still,
million dollars in bars
of
for all the
Besides, as our excess of ex
reason as yet for anticipating that the trade
likely the source of a portion of this gain in the
from this side two weeks since. The gold demand which
has been in progress for Germany is to meet requirements
for the new Russian loan taken at Berlin, and the demand
from South America is on account of the loan to Buenos
Ayres, gold being needed there to restore the currency of
more than provide
is
a
little
less satisfactory
but on the whole the aspect of affairs
The extreme cold we have experienced
particulars,
hopeful.
and the snows which preceded and followed it, are conWith Russia, through ditions natural to the season, always to be looked for
that country to a gold basis.
Berlin, and with Buenos Ayres thus absorbing bullion and though it has visited sections and districts not usually
under circumstances indicating its more or less permanent subject to such visitation, and in this way done not a
retention, and with the Bank's gold reserve so low, any little harm, particularly in the South (even Florida having
;
reduction in the
official
minimum
is
not at present likely
had
its
orange crop harmed
if
not ruined),
yet these are
In the iron and steel
If the shipments of gold from New York should become industries prices seem to be well maintained at full former
large the situation would of course change, and the action figures.
Production of course is being increased, but
notwithstanding the rates prevailing in the open market.
of the
This
again
reach
Bank might be hastened.
movement of gold to London has been started
this week, and it looks
now as if it might
very
considerable
proportions,
ports of merchandise are increased.
pluses to send forward yet, but
unless
We
we have
our
have large
exsur.
local disasters of local
supplies,
pective
orders
it is
thought, will be no more than equal to pros-
demands,
well
influence.
many
and
ahead.
the cotton goods trade
It
is
is
manufacturers
have
observable
that
also
in better shape.
ufacturers view the future with
Eastern man-
considerable
confidence,
them up in while the situation in our dry goods market is assuring,
full view of the world of consumers, holding them there, agents and jobbers reporting business beyond anticipations,
refusing to sell, until we have got prices down to an ex- particularly as it was thought there would be a lull after
tremely low figure for everything we have to dispose of. the large orders which were put out during the closing
We said last week that wheat had reached the lowest price weeks of the year to take advantage of time freight confor a century, and one of our correspondents takes us to tracts with the railroads (running to the 1st of January)
task,
we
piled
New York prices, as if made at low rates. In the matter of agricultural products
Of course we referred to Liverpool there has this week been a fall in the price of wheat,
York will have to meet when she gets which on one or two days stimulated a slight increase in
quoting against our assertion
referred to them.
rates,
New
which
ready to part with her produce.
A fresh indication of the
exports
—even a small movement looks large now, because
through
previously almost nothing had gone out, but as compared
the following statement
may be obtained
which we compile from
reports
week by Mr.
Switzler, Chief of the
Bureau
with a few years ago the exports at present are a mere
It is a reassuring feature, however, that a decline
trifle.
peculiar state of our export trade
issued this
of Statistics.
in the price brings with
it
an increase in the foreign
de-
Januauy
16,
THE CHRONICLR
1880.J
maoD, 00 matter bow
slight, for in that fact
we haye
eyi.
notwithstanding the alleged excessiyo stock in
Great Britain, foreigners will buy our wheat.
The coal trade, for the moment at least, is in a somedence
that,
thinking that
it
T8
could retain the greater part of
iti
ness notwithstanding the lower terms offered by
its
busirival
trial, however, neems to have convinced the
was laboring under too great a disadvantage
what less satisfactory condition. Prices are reported weak and accordingly last Saturday it determined to ({uote the
and tending downward. It does not appear, however, same rate as the Baltimore k Ohio $13. This led th
that this is the result of a falling off in the demand so managers of the Baltimore & Ohio, on Monday, in retali
Five weeks'
road that
it
—
much
as
the result of the absence of any definite agree-
it is
ment among the companies as
to
what
shall
be the output of
New York
ation, to advertise the cut of five dollars in the
rate.
There are curious features growing out of this fight,
No understanding has yet been
and thus the companies are completely at sea, and in some respects the position of both contestants is
Mr. Gowen is charged as anomalous. Thus the Baltimore & Ohio is not a New
with each working for itself.
the cause of all the trouble, because having been re elected York line, and must carry its passengers over the Pennsylvania road between New York and Baltimore (paying
to the presidency of Reading, he will now, it is asserted
full local rate of $5 30 between those points), and conthe
production
which
it
is.
unlimited
of
policy
carry out the
coal for the current quarter.
arrived
at,
And yet,
said he favors.
fi
declared
insisting
to,
with strange inconsistency, it is
company (not the Reading)
for one
but
that
Assuming
Gowen, and not the
that Mr.
a satisfactory settlement
Gowen
—
—
we
receivers, will
are not at
all
disposed to
regard the new management as an obstacle in the
Mr.
being used against
on a heavier output than the ottiers will consent pool obligations, is maintaining the regular rate of fare
matter would have been arranged before between New York and Chicago $20 00 it is at the
same time (througti the reduction which it has made in the
control the policy of Reading,
''
it is
Then, though the Pennsylvania, in pursuance of
the whole
this.
..
sequently the Pennsylvania finds that
itself.
is
way
of
of the anthracite coal problem.
of a sanguine,
confident temperament, and
many and
Baltimore price) quoting a lower
pay the local rate of $5 30
$13 00
at the latter point get a
the total cost
a passenger can
rate, for
New York to
Baltimore, and then
ticket to Chicago,
making
only $18 30, and enabling him to travel over
the Pennsylvania system the whole distance.
It is difficult
what other course the Pennsylvania could pursue
But he is also a sensible, practical, experienced than make this $13 rate from Baltimore, the same as the
mistakes.
man, who has the interests of the Reading Railroad Baltimore & Ohio, and yet the effect is to bring the road
his excess of buoyancy has led
thoroughly
We do
will
him
—perhaps
more
heart
at
into
than
so
costly
Ijis
not believe he favors unlimited production.
own.
undertake to build up the company, not to involve it
He has returned to his old love with this
avowed purpose.
succeed,
The task
but
he
if
is
a
—
managed and
meetings.
directed
its affairs
for the receivers at those
Indeed, no small portion of the success attend
ing the meetings was
novel idea of mining
inous producers was
attributed
to
his efforts,
commonly supposed
to
full
the
the
other
roads like
the
New
West
which are allowed a differential
under the pool arrangement,
than the Pennsylvania
or more
must,
$18
50,
way mentioned.
Moreover,
it is
claimed that
as the passengers which the Baltimore & Ohio sends over
the Pennsylvania line to Baltimore pay the ordinary local
rates, the business so secured does not go into the pool to
be divided among the pool lines, but the Pennsylvania re-
tains
In this way, too, curiously enough, the
it all itself.
Baltimore
&
sylvania,
for the latter
Ohio
by
will
an increase in local
its fight
really benefit the
traffic
Penn-
any event to get
between the points men-
sure
is
in
tioned.
The outcome
of the contest
is
not clear.
It is stated
that the pool lines will act as a unit against the Baltimore
&
Ohio, and that the Pennsylvania, to placate the differ-
ential rate roads like the Erie, West Shore,
and the for
an extra million to fight the bitum-
the Erie,
favor,
their
in
one, and he m^y charge
we do not know rate in
Only a man of Mr. Gowen's wonderwho else can.
ful resources, intimate knowledge of the road's affairs,
and great buoyancy of spirit, could hope to rehabilitate
In these circumstances, and remembering
the concern.
how thoroughly he understands the coal trade and situa"
tion
(all his mistakes have been financial, and not at all
in the line of management)
is it supposable that he
would at the very outset engage in a contest with rival
roads? Besides, we have a very distinct recollection that
it was Mr. Gowen, and no one else, who represented the
Reading in the meetings of the combination last year, and
—
and
Shore
with
in the pool, for even
lines
difficult
does not,
(nominally at least)
conflict
in
He York
further.
not
to see
their loss of business, will
out of
its
earnings.
have originated together, that
But even
will not
make
and Lackawanna,
make them some allowance
if
the trunk lines do act
the fight any the less real,
and by its lower rates the Baltimore & Ohio must draw to
The event of the week in the stock market of course itself a great part of the business. Thus there is the possiwas the cut of five dollars by the Baltimore & Ohio in bility that the conflict may widen. East-bound rates are
the passenger rate between New York and Chicago, St- already threatened.
The immigrant rate, too, which it
Louis, Cincinnati, and other Western points.
Primarily, was at first decided to fix at $13 and then at $8, is now, it
this cut is the result of the inability of the Pennsylvania is announced, to be placed at only $7
the Baltimore &
and the Baltimore & Ohio to come to an understanding Ohio still carrying for $1. It will be admitted that the
as to the status to be assigned the latter on New York differences at issue are not easy of adjustment, and yet
business, but the inciting cause was the action of the they are much less difficult and complicated than was the
Pennsylvania last Saturday in reducing its rates westward West Shore-New York Central affair.
from Baltimore and Washington to the figure charged
The following table, prepared from figures collected by
by the Baltimore & Ohio. When rates were ordered us, exhibits the receipts and shipments of gold and currestored on the first
of December to
a basis of rency by the New York banks during the week end$20 New York to Chicago, the rate from Baltimore ing yesterday.
being $17 50, the Baltimore & Ohio, not being a party to
Nttlnttrior
SMppedkv
Seteivtd by
Wtek mMna Jan. IB, ISSe.
the arrangement, maintained its old rate of $13 from Bal.
JfovemetU.
N. T.Bank$. N. r. Bank:
with him.
II
I
)
—
timore, and thus underbid the Pennsylvania to the extent
of $4 50 on every through ticket
sold.
Nevertheless, the
Pennsylvania maintained the higher schedule, evidently
OurrenoT.'
(8,1B7.0PO
Total KOld and legal t«nden..
H7S.0OO
60,000
Qoia
$3,197,000
ISW.OOO
a aln.. $1,673,000
Loss.
60,000
Oaln..tl.e».0C0
.
THE CHRONICLE.
74
holdThe above shows the actual changes in the bank;
and
to
movement
this
ings of gold and currency caused by
banks
the
movement
that
from the interior. In addition to
Corn
distributed.
roads
[Vol. XLII.
— on many
is
a very important item with the railmuch more important than
roads very
stance is of special significance,
the Subhave gained $1,500,000 through the operations of
the east of the
have
we
above,
the
item
to
that
Adding
Treasury.
which should indicate the total gain to the New
House banks of gold and currency for
Clearing
York
be issued
the week covered by the bank statement to
following,
at
Into Sanla.
15, 1886.
Change in
OutofSanla. Set
BanH QoldiJiga
the trunk line peace
Mississippi, which, unless
rates, instead of frittering
paying
the
Wttk mdtna Jan.
the circum-
particularly to the roads
contract shall be disturbed by the differences between lh»
Baltimore & Ohio and ihe Pennsylvania, will carry traffic
a senseless conflict
to-day.
This year
wheat or any of the other cereals.
among
away their profits in
With a renewal of
themselves.
the increased produclion miaiht count for
strife,
otherwise,
it
little;
can easily be made to count for a great deal,,
one reason why we would lay unusual stress
and this is
upon the matter.
Q^n. $3,188,000
10,529,000
112,637,000
Total KOld and legal tenders.
Before undertaking to point out which sections of thaThe Bank of England reports a gain of £520,341 bullion country will be most benefited, it may be well to make a.
during the week. This represents £87,000 received on comparison of the aggregate yield of the United States
The Bank of for a series of years past. Accordingly, we give below the
balance and £433,341 from the interior.
and
2,894,000 francs product and value of the crops for each year since 1878.
France lost 7,942,000 francs gold
Banks* Interior Movement, as above
12,157,000
J529.000
Qain
8ab-Treafiury operations
10,500,000
9,0011,000
Gain.
silver,
»l,628.iK)C
1,500,000
Germany
since the last return
We include not only wheat and corn, but also oats, since
The following indicates the the latter are with each succeeding year becoming an itemj
the principal European banks this of increasing consequence.
The figures for 1879 are those
and the Bank
of
11,140,000 marks.
gained
amount of bullion in
week and at the corresponding date
last year.
Jan.
Jon. 11,1886.
18>-5.
Silver.
Gold.
Silver.
Bold.
£
21,101.25^
•;0.485,152
Bank of England
Bank of France
Bank of Qemian}*
15,731,726 43.179,391 S9,9a6.C6'' 40.990.431
16.673,270 14,785,730 11.976,100 14.636,(jOO
Total tbl8 week
Total previous week
. .
.
82,8PO,148 57,965.121 73.073.323 55,627.031
82,400,557 57,819.087 72,381.!; 28 55,361,276
cliiinge the relative
AccorrtlDK to recent information received, we
proportions of gold and silver in tlie Bank of Germany.
returns are itisuetl.
*
No
Agricultural Bureau based on the census figures
Dutit*.
U.S.
Nota.
Bold,
Jan.
8.
"
9.
"
"
11.
12.
"
13
$339,393 32
171,497 67
£25,549 05
$2,003
2,000
" 14
407,076 72
203,557 74
1,500
f,500
1,500
1,000
Total
81,90S.75K ^7
$14,500
4(:l.»i82 17
With referbeing over 200 million bushels too small).
ence to the value of the crop, this is made up by the
Bureau for each State separately, and basad on the local
home value
or
in
the section where the crop was raised,
the value for the entire country being the aggregate of
official
these State estimates.
Following
the table.
is
r«l<J.
QoLd
Silver Oertiflcatet.
$100,000
73,000
87.000
116,000
$196,000
62.000
193,000
250,000
$12,000
34,000
131.001.
196,OOi
78,00>
40,00.
1,881
Vaiiu.
t
Bush.
t
Ilmiu
Yiela.
Value.
Bush.
t
829, 409,000 179,831,860
l,7y5,5;8.432 040,735.858, 512,-63,»> J330,8«l,8 4
5S3,8a'',000 181,5-,'N,470
1,551.II66.8«5 858,051,485 |421,0S0.160;38<,«49,8'2
571.S02,401i l87,lHn,204
509 289 773I 407
S.'iS
09fi
88 000
96,000
55,000
51,000
$t>03.000
$0.'iS.0O<i
»333 000
This shows at a glance that the production of corn
million bushels greater than in the previous year,
millions greater than in the census year, 1879,
DISTRIBUTED.
had yielded the heaviest
that time
come
INCREASE IN THE YIELD OF CEREALS AND
is
the largest on record, being 1,936 million bushels, or 140
to
cline
to values, however, the case is
in
price,
it
appears, has
now
total.
and 181
which up
When we
different.
The
de-
for several years been
more than offset, the gain in
The present crop is valued at five million
so decided as to offset, and
The- publication this week, by the Department of Agri.
culture at Washington,
Yield.
1,817,02 5,100]783,867,175^804,186,470 414,002.125 488.250,810'lK2,978029
1,191,918,000 759,482,170' i883,280,0a( 4.".3,71I0,427 4i6.481,0Ol>|19a.lU8,970
1,717.434,541679,714,409 j4ns,54P,88h 174.201, S^iO 417,X8S..380'150.24S,5€.5
1880
1879
standard dollars.
HOW
value.
83S,871.fl30! 1367,112,00' 275,820„'?9n
1,038,170,0'
1885
1884
1883
1882
Ootj.
Bme
Home
Bath.
Oertifle'a.
Wheat.
Corn.
of—
Included in the above payments were $5,500 in silver
coin, chiefly
(those,
Office paid
Oonsisting
DaU.
—
of the Bureau for the census year had differed greatly
from the actual result, the estimate in the case of cori»
$273,634 through the Sub-Treasury for domestic bullion during the week, and the Assistant
Treasurer received the following from the Custom House.
The Assay
and for the years since then those of the
of the census,
1.^,
of the detailed estimates of the
production.
dollars less than that of 1884, though, as already said, it
was 140 million bushels greater in quantity; it is valued at
less than that of 1883, though the increase of
been most favored, and which least. The wheat harvest yield compared with that year is 385 million bushels; and
of course was a failure, as every one knows, but that it is valued 1 24 million dollars below the extraordinarily
late season's yield
the figures to
of cereals,
show which
—
makes
desirable a study of
sections of
the country have
22 millions
at least as respects the winter variety, short crop of 1881, when only 1,194 million bushels were
where the shortage chiefly occurs has already in great raised.
measure spent its force (we mean as a direct traffic influIn the matter of wheat, the yield for 1885 is 155 million
ence), and from now on the movement of corn becomes a bushels smaller than in the previous year, and smaller than
much more important factor. Some new corn comes in any other of the six years embraced in the table in fact,
forward in December, and even earlier, but the bulk of we would have to go back to 1876 to find a total of such
the crop does not go to market till after the first of diminutive dimensions.
With reference to the value of
January.
this crop, the results disclosed are striking and significant.
Now the yield of corn in the late season was unpre- The decline has been constant and uninterrupted during
adverse feature
—
—
cedented
much
—
fully
up
to
the early expectations,
short of 2,000 million bushels.
The
efiEects
and not
of
this
all
the years covered by the above record.
I'he
outturn
has varied greatly, going up and down with considerable
irregularity, the yield in one case being as much as 121
millions greater than in the year preceding; but the value
abundant production upon the country as a whole are too
obvious to need mention. With reference to particular
States and sections, however, it is a matter of moment to has gone on diminishing, in good and bad years alike, till
know, not only the extent of the increase, but how it is now it is placed at 275 million dollars for 1885, against
A
1
January
W9
iJ
I
THE CJHRONIULE
1886. J
16,
not the decline in the
It is
millions in 187!).
late
amounts
j*ar thst chiefly attracts attention, for that
to
only 55 million dollars on a crop reduced over 155 million
bushels, but the uninterrupted diminution, year by year,
be the crop large or small, that has occurred.
As regards oats, the comparison on values, it will be
Been, is not so unsatisfactory; but even there the depreciation in price has left
its
mark, for though as in the case of
corn we have a larger production than ever before, there
are many years with a much heavier aggregate value than
But with the railroads
1885.
be moved that
traffic to
the
ia
it
amount
now
the chief factor
is
of the
—rates hav-
is
to say, the
make np a
We
1
75
885 crop
not have to be used largely to
will
deficiency of a previous year.
may be
permitted a brief reference to the improved
Western section
outlook for the railroads in this Middle
under this increase
in the
production of corn, should certain
other contemporaneous changes for the better that have
There
taken place be maintained.
class of roads (not
probably no other
is
excepting even the Kastern trunk lines)
A
that have fared so badly as those in that territory.
great deal of
new mileage had been added (much
a small way),
and
and
divided
this
up
naturally increased
Then
business.
rates
of
in
it
competition,
almost
con-
ing been so low last year, that shoul 1 the peace era pre- stantly declined, partly as a result of the greater mileage,
Tail, they are sure to be better this year, even though the but more because of the fact that the roads cross and
We now give intersect each other at so many places that it was next to
market price of the cereals should be less.
the yield of the three leading products
oats
— by
— corn, wheat and
States and principal sections, for three years.
COR!f.
of the trunk lines
Whxat.
Oats.
Thous.of Bmli-
1885.
1883.
1884.
1884.
<
I
1,220
N. BOKland.
8,'ilO
8,446
8,412
1,178
Mid. »«ofn».
19,734
77,132
85,085
25,285
Keatut'kr...
80.569
71,^80
?r«DDtissee...
73,5«1
66,7i!3
Tezu
84.400
(!0,2B0
7S,202Jj
64,289;
e.S.I4H
ahwt
83 340
239,352
224.085
Tot.Soutli'D.
503,MMi
437.245
429.092
OWo
111,865
85,.193
80,706
26,022
131,IIU4
104,757
2t>8,91»*
244.544
73.560
21,412
95,620
203,786
41,186
29,772
2B,6o9| 33,745
10,683 82,374
Western connections
and nothing could be done without
the active co-operation of these roads, which however were
It is in that territory that the
ment.
Tliouaanda of SiuhtU.
!
Thouaands of BuahfU.
i«TATJU.
18^.
1885.
1884.
I
9,530
1,804
9,036
without some general agree-
impossible to prevent cutting
lie,
in a state of demoralization that
made
all
attempts at the
Thus matters were allowed
maintenance of rates abortive.
'
I
Mloblgan...
Illinois
S5,57l| 30,143
78,558
1.3.485:
8,117'
20.636
5,680
88,028
34,353
81,333; 58.5191
i
9,320
78,907
1
9,612' 10,225;
7,409[l 10,702
3,789
8,f21
4,801
7,865
7,680
14,21lJ 10,527
82,197i; 43,988, 38.032
!
I
\
20,593
31,2ai
j
,
1
79,1761 64,101
25,884
37,470
23,419
25,01ll
21,7f-9|
19,(;90
27,n8| 21,742
28,448J|
22,150. 107,96«
98,153
69,196 137,077 101,493 'l91,405 163,304
Middle West.
543,50:)
460.716
391,378
Wisconsin....
82,750
2«,2r'0
Minnesota...
18,431
2.<<,030
23.579
15,125
4,915
16U,629
101,27H
814,527; 128,023 148,315; 124,606
I
'
:
I
I
I
Dakuta
Iowa
15,345
242,496
Nebraska
12V,4'.26
232,600
i-.;2 100
Tot. Kortbw.
438,44«
438,480
l.S.l'SO
15,665
34,286
27.913
30.332
19.828
20,083i
19,605'
n,.')07
38,773|
to drift, and went from bad to worse, till finally bankruptcy,
which had proven the lot of so many, threatened to prove
At the same time, one or all of the crops
the lot of all.
1
47,778' 45,940
82.330'
37,544| 36,100
18,l28|: 13,229 11,K12
31,270
27,519
2S,.'525:
27,481
^
;
;
74,718; 78,650
24,028' 21,844
had been poor or indifferent for a number of years, while
were striking and manufacturing industries
coal miners
exceedingly depressed.
can be in no
...
Mlsaonrl
..
172,801
161,655
11,197
197,850
386,350
33i.45»
22,472. 62.490j 50,670
4,800
104
2.465;
26,592! 44,3r0| 86,352'
2,108,
2,149
13,916' 15.462;
13,122'
6,470
105
ei|
7,412|
4,118|
3,183'
5,798
8.095
8,885,
7,858
6,1
5,987
Tot. Southw.
CsUfurnia..
Oregon
3,840
148
89
....
\Va»h't'n Ter
Other
I'aciflc
Tot. Pacific
tSrand totul
•
-f
1
27,145' 27,419
34,990i 26,851
11,275' 27,500; 2.3,819'! 28,312' 30,774
188,,'iOO
196.861
129
2,<9-
2.090
1,861
6,574
7,1511
4,516;! 56,605, 71,758
.936.171! l,795,f>2S 1.551.066'
24'
,
85,457; 58,193
2,623
5,4116
59,5ol'' 16,98«;
16,738
357,112 512.764' 421.086' 829.409 583.628
York, New Jersey and Pennsvlpania.
Includes simply
In this, uelttirare, .Haryiand and West VirKl"la are all classed as Southern
.N'ew
States.
effects of this state of things
by reference
to
week) from the report of the Commissioner of Railroads of the State of Ohio, for the year
ended June 30, 1885, according to which it appears that
out of 7,124 miles of road in the State, no less than 1,817
miles, or
197,297 194,3 16
158,390
The
so forcibly illustrated as
an abstract (sent east
Now
il
Kansas
way
last
over one quarter, are in the hands of receivers.
the situation of affairs, in most
if
not
all
of these
The new mileage remains,
particulars, has changed.
but,
under the leadership of the trunk lines, rates have been
advanced, and up to this time have been pretty well mainThe best guarantee that they will
tained at the advance.
continue to be maintained would seem to be that
all
the
roads ought to have had enough of the policy of war and
ruin.
And yet with the Chicago & Atlantic a free lance
outside the pool, and the Baltimore & Ohio and the Penn-
on the passenger business, it is
of affairs might again, for
Middle Western, and comprising the States of Ohio, Mich- the time being, become more or less unsettled, though it is
igan, Indiana, and Illinois, whicli section raised 543 million not at all likely even in that case that things would be
Confining ourselves more particularly to corn,
tbe heaviest increase
is
in the section
we find that
bushels of corn last season (considerably over one quarter
of the
production of
million bushels in 1834,
The
full
extent,
latter year is not
the
—
country),
against 460
and 394 million bushels
in 1883
shown by
improved
and a great part rendered
so much so that the Agricultural Bureau
of
the
situation
entire 1,551 millions
is
in
these
circumstances
that
present
the
comes in with particular
was some 48 million bushels
agricultural situation
Wiieat, to be sure,
force.
frosts,
found that 615 millions out
It
look.
In that year the
these figures.
the
to see that
thrown back into the confusion existing before the late
Manufacturing Industrie?, too, are
peace settlement.
starting up again, and general business wears a hopeful
however, of the improvement over the
crop was nipped by early
unfit for use
entire
sylvania at loggerheads
which we term the easy
short,
but the
said,
already
effects
ill
been
circumstance have, as
of that
experienced
(winter
moves
wheat
was in the Middle Western early), while the yield of oats is 31 million bushels
section that the frosts did most harm, for of the 615 greater than in the previous year, and the yield of corn
millions unmerchantable corn produced, 242 millions were 83 million bushels greater than in that year, and between
reported from that section that is to say, of the 394 two and three times that amount (of sound, merchantable
Under the depressing inmillions produced altogether in the Middle Western corn) greater than in 1883.
States, only 152 millions were merchantable or in good fluences at work, the stocks of many of the roads in the
condition.
Now contrast this 152 millions with the yield territory in question had sunk to mere nominal figures,
of 543 millions for the present yeir (making some allow- but have lately greatly advanced in price again, and the
were unmerchantable.
And
it
—
ance, large or small as the
fect corn in the latter total),
reader
may
and one
is
above remarks will show what basis there is for the
Turning to what are called Northwestern roads
choose, for imper-
able to understand
how much better oil these States are now than then.
The fact that the 1884 crop was quite a good one should
also be borne in mind, for
it will
of a larger amount of the 1885
those situated within the States of Wisconsin, Minnesota,
Dakota, Iowa and Nebraska we find that for 1885 these
is,
—
show some
permit farmers to dispose
States
crop than would
(spring
case had the crop the previous year been a short one
be the
—that
rise.
— that
'
1884,
falling oil in
variety exclusively)
and that
the production of wheat
from
the heavy
their corn production
is
total
of
in the aggregate
THE CHRONICLE.
76
[Vol. XLII.
which however had lations now. His results for the last four years stated in
Thus there is no brief are as follows.
been very much heavier than in 1883.
in the case of the
year
as
previous
such gain over the
Product,
Product, The Net Products of the States and Territories west of the Missouri River, exclusive
Including
deducting;
Middle Western section. And yet, as regards corn, it Calendar am'ts
from British Col- of British Columbia and West Coast of
Tear.
British Col- umbia and
Mexico.
would not be surprising if the same yield produced greater
same
juBt about the
ae in that year,
we may sup1884 home wants
umbia and
benefits this year to the roads than last, for
pose that after the heavy production of
were better suppHed than before, thus leaving a larger
proportion of the 1885 crop to go forward. In addition,
there ia of course the probability of a gain from an in.
1882
1883
1884
1886
than in 1884, but more than
The crop in all three years was good. The roads
have raised
in 1 8§3.
in the outturn are the Atchison,
are of course in like
city,
manner
afiected
by any
increase
There are some Southern
or decrease in the yield.
States,
which also have a heavy production of corn this season,
and these we have stated separately.
Thus Kentucky
raised 90-J million bushels, Tennessee 75^ millions, and
Texas 84^ millions.
The latter is an increase of 24
millions.
"With this increase in corn, also an increase in
wheat and oats, and the augmented yield of cotton, the
traflSc in and through Texas ought to show much better
results than in previous years.
The bearing
traffic
But
returns
of the
may
enlarged production of oats upon
not be very obvious to
many
persons.
in reality oats are getting to be a very important item
6,834,091
8,502,991
7,838,036
44,516,599
26,393,756
81,6:53,835
87,311,383
27,816,640
26,183,567
—
amounts for the same years that is, the total
Columbia and west coast of
Mr. Valentine divides as below between gold,
—
silver, etc.
1883.
1884.
1885.
1882.
Product. P.O. Product. P.O. Product. P.O. Product.
P. c.
$
*
$
$
30-28 27.290.294 30-91 ««,256.542 32-36 29,260,492 82-67 30,193.356
48 489 939:5300 45,799,069 52-30 47,229,649 54-27 60,165.288
8-69 7.838,036 7-16 6 086,252 6-30 5,883,921 4-39 4,065,037
9-60 8,562,091 8-04 6,834,091 9-04 8,183,560 8 67 8,008,166
Gold
Silver
St.
running to St. Louis and Kansas City (from Chicago),
and which carry the products of those States to that
$2D,011.818
gross
Mexico
Louis & San Francisco, and
the Kansas division of the Union Pacific, but the roads
the Missouri Pacific, the
Gold.
$48,183,039
42,975,101
43,529,925
$8,008,155
8,163,550
product, including British
less of that cereal
most directly concerned
Silver.
$4,055,037
5,683,921
6,086,252
»89,207,549
84,839,212
They
tion in the yield of corn has not been very important.
Copper.
Lead.
f92,4ll,835
90,813,612
84,975.964
90,181,260
The
creased supply of corn.fed meat.
In the two Southwestern States, Kansas and Missouri,
the falling ofi in wheat has been very decided, as it has
been in all the other winter-wheat districts, but the varia-
Mexico.
Mexico.
100- 90,181,260 100- 84,975.954 100- 90,313,812 100
Total
PRODtJCTION OF GOLD
The feature which
AND SILVER
will
IN
92.411,835
THE UNITED STATES.
perhaps chiefly attract attention
product of silver compared
in the foregoing, is the larger
with the previous year, notwithstanding the lower price
of
In
bullion.
is
fact,
down
value has gone
shown above.
the
yield
has gone up as the
—and even in greater proportion than
Perhaps
it
is
not generally understood
that Mr. Valentine's silver totals represent in large part
market
values, or the valuation put
transportation
;
and hence
upon consignments
his results
for
silver
for
(the
market value having been declining all the time) must be
increased in each year by a percentage which represents
the loss in price.
Mr. Burchard makes the unit of comparison our standard dollar, and raises all his figures
accordingly, and then works back from dollars to kilograms, on the basis of $41 57 to each kilogram. To bring
Mr. Valentine's figures to a common basis, we would have
with certain roads.
Of course it is from the Middle
Western and Northwestern sections that the surplus chiefly
comes, and both these sections, it is gratifying to note,
to raise them for each year (so far as they are expressed
have raised increased amounts of the cereal. The imporin market values) by the difference between the average
tance of this will appear when we say that the receipts of
price of silver for the year, and, say, 60^d. per ounce,
oats at Chicago by the different roads during 1885 were
which would make the basis or unit correspond very nearly
almost as heavy as in ] 884, and reached 37, 687, 1 9 i bushels.
with the ratio of the world (15^ to 1) so long sustained,
It may not be superfluous to state that the Burlington &
through the arrangement existing between the States
Quincy, the St. Paul, the Northwest and Kock Island, and
Latin
Union.
in the
Such a re-adjustment can,
the Illinois Central, are the principal roads that carry large
amounts of
oats.
On the Pacific Coast there is a heavy reduction in
wheat (the chief cereal raised) to contend against in
Oregon and California; but on the other hand, in
Washington Territory the production has increased
from 4,118,000 bushels in 1884 to 7,412,000 bushels in
1885.
GOLD AND SILVER PRODUCTION.
The growing importance
precious metals gives to
of the questions relating to the
which throw light upon
and uses constantly increasing interest.
Our Mint Bureau, through Mr. Burchard's
administration, has shown great industry in
furnishing
statistical statements on all doubtful points,
but its methods
have seemed to us defective, and consequently
many
all facts
their production, distribution
of
its
results
(especially those
representing the yield
facts
cover,
and we make.;them the
basis of our
compUa-
be
secured
only
count of the impossibility of
and
stock in the United States) were unreliable.
The first of the
year brings us as usual Mr. Valentine's statements
of propuction.
These, in the past, the trade has generally
accepted as a pretty accurate representation
of the
hey
on acwhat proportion of these returns represent exact market values,
and what do not. But if we estimate the difference, say
12 per cent of the whole, for 1883 and 1884, when the
price of silver averaged at about the same figures (50 9-1 6d.
for 1883 and 50|d. for 1884), and say 15 per cent for 1885
(when silver averaged about 48|^d.). we shaU not probably
be far astray. Repeating, then, in the following table, Mr.
Valentine's returns for gold and silver production for the
three years named, as given above, we add (1) for gold a
column which also includes the production of States other
than those covered by his compilation, so as to present
the gold production for the whole United States, and (2)
for silver a column which covers Mr. Valentine's figures,
increased in the above percentages; in this way is shown
quite nearly the actual and relative yield of the two metals
during the years named.
however,
approximately,
determining
Mr. Valentine's Figures.
U.
S.
Actual Production.
Years.
Gold.
Silver.
Gold.
$27,818,640
$42,975,101
$28,401,640
1884...
25,183,567
43,529,925
26,893,567
48,763,518
18SS
28,393,766
44,516,599
26,905,766
51,194,081
$79,393,963
$131,021,625
$81,002,983
$148,079,718
1883
Total
silver.
$48,132,113
.
JAN0ART
THE CHRONICLR
le, 1886.]
indicates a silver production
The foregoing
in
1885 of
$51,194,089, or an increase over last year of $2,440,573.
77
showed a consumption
thirds thus replying
of gold and 5^ millions silver
made
when
;
of 14| millions
(3) that on a similar
bquiry
many" reported
he found over 7 millions less gold consumed. From these
dollars (December estimated), a coinage of 29 millions,
This produc- facts we did not then and do not now see that any
leaving for home consumption 8 millions.
conclusion could be reached other than that we did
tion is perhaps a little surprising in view of the lower
Its distribution
has been a net export of about 14 million
in 1882
"less than
half
as
reach, which was that several millions ought to be added
Still it is to be remembered that the LonTalne ruling.
don quotation did not get below 49d. per ounce (except to the Director's last results to include those firms (oner
twice and then very temporarily) until August 20, so that third of the whole number addressed) who did not'
We notice, however, that Mr. Burchard in hia
the effect of the lowest rates in contracting production is respond.
It is interesting in this connec- last report, recently issued, without making any further
not shown at all as yet.
tion to note that according to the Engineering and Mining investigation or getting any replies from this silent third,
No one
Journal of Jan. 9 the gross amount of dividends on the loosely assumes that his total given included all.
mines
designated
any
interest
in
except
has
this
question
except
get
at the
(if
we
as
to
silver mining stocks
have
and
the
regret
will
general
that
he
substituted
appears
to
been
larger
truth,
be
in
mines),
silver and lead
1885 than in 1884,
Its
statement
is
as follows.
own opinion on
his
very important point for further
this
investigation.
MInen
Dividends.
Dividends.
We
Producing.
StatM.
In 1884.
1,744.474
California
Colorndo...
«
*
Ooldonly
800.000
I
I
1,349.000
678,880
Missouri
1,802,900
40.000
Montana
Nevada
847.000
198.900
New llampahlre.
New Mexico
190,000
Michiflran
775,000
87,800
1.070.000
«
I
Mr.
320.000
608,027
authorized from his investigations for 1883, and
addressed did not cover the entire consumption.
Copper only
Lead only
37,200 Mloa
60.000
2,082,900
40,000
15,000
12,900
30.000
9.303^784
8.481.919
Quicksilver
Total
68,000
18,000
9,306,724
the stoppage of dividends
by the Horn
tion
of
silver
being with
the
addition
made
1880,
and
its
distributiou
since
Pi'oduotlon of silver, 1880-1885 (Mint estimates, except
1885), both years inclusive
$275,194,089
Exports of silver, 1880-1385
$134,732,186
Imports of
silver,
1880-1885
76,483,180
Net export
$58,248,997
169,833,610
Total silver coinage*
Total exported and coined
Leaving
year,
since
then.
1885,
Keturning again to Mr. Valentine's report, it will be
noticed that he makes the total yield of gold slightly
For
take Mr. Burchard's estimate of the produc-
illustration,
1,970,000
in
prove that his replies from two-thirds of the firms
silver
1,055,000
last
wrong
figures as to
333,300
mines.
than
trade
these
747,500
which the same Journal says
divided $1,200,000 in 1884, accounts in good part for the
falling off in the results given above for " silver and lead"
better
is,
36,000
31.000
in
1884; that
2,547,500
2.137,500
Company
"guess" for
his
and copper
I
We suppose that
Silver
Burchard must have been right in the conclusions
1.885.092
2,715.000
6a.o:io
16,000
1.9.000
to
1,099,500
Gold, a. L
Sold, silver, lead
Silver and lead..
1,377,050 ^Gold. silver. lead
coal and iron .
175,000
North Carolina..
Utah
Vermont
as
2,223.334
l.l!«,t69 LSllver only
1,542,000 'Gold and silver..
j
Dakota
Idaho
more because the Government trade
silver, put it beyond question that
regret this the
In 1866.
figures, at least
(
873,000
ArlXOHA
In 1884.
In 1885.
i
tot.al
228,082,607
$47,111,482
manufaotiired
We
*
liave to take fiscal years for coinage, as we have not tlie figures
for calendar years, but the result is substantially the same.
CW The
coinage item would have been about a million dollars lesa
same extent the final total to be accounted for) had
not included all the fractional coinage at Its face value.
(Increasing to the
above for States which his figures do not cover $26,905,756 we
As the Treasury holdings of silver bullion (which
in 1885, against $25,695,567 in 1884.
Of course Mr.
in-
Burchard's total would be larger than Mr. Valentine's cludes the Mint, of course,) were $4,492,421 on January
and $30,80 0,- 1, 1880, and $3,797,041 on January 1, 1886, and as there
have studied over his 1884 report with is every reason for believing that the people are carrying
much care, and although he gives a mass of details they no more silver bullion now than in 1880, the conclusion is
are so detached and incomplete that we can find nothing irresistible that manufacturers are taking, say, 8 million
About the
but his own estimates to support his larger conclusions.
dollars of silver every year for their purposes.
for 1885, having been $30,000,000 in 1883
We
000 in 1884.
same result is reached if we use for illustration the figures
for any three years of the period, showing that the drain
Of the use in the United States in the arts and manuis constant and not due to a special or inconstant cause.
factures of gold and silver, there are no new returns of an
As to the gold consumption, it is impossible to gain any
official
CO.VSCMPTION OF GOLD
AND
SILVER.
nature since Mr. Burchard's results obtained for
information in a similar way, because gold bullion is
remarked upon his investigation in that
for internaimportant department of our subject last year, expressing currency as well as gold coin (even better
tional purposes), and therefore its accumulation is no
great satisfaction
We
1883.
for
the valuable
contribution to the
evidence of use,
the
accumulation being greater or
lesa
Of course we unhesi.
according to circumstances, wholly disconnected with
tatingly accepted his results just as they were stated in
consumption.
We think, however, that Mr. Burchard's
the following, which is an extract taken from his report
investigations
and the above result as to silver are
on the subject. The italics are our own.
world's knowledge thus made.
" For the purpose of obtaining more complete information In regard to
" the use of the precious metals In the arts and ornamentation, circular
"letters to the number of 7,969 were again sent to alt persons and
"Jijnnt in the United States, whose address could be obtained, reported
" to be using and oonsumlng the precious metals for industrial pur" poses. To these letters 5,418 replies were receive*!, which showed
" the censumntlou by 2,73 1 persons and Arms engaged in the mauufac" turlng or the repair of articles of ornamentation anil use of nearly
" $14,500,000 worth of gold and over 35,500,000 worth of sllvnr, a
" total of over $20,000,000. This is an increase of $7,000,000 over that
"reported
In 1882,
when, however, tessthan hatf as
m««y persons and
" firms reported."
It Will
going
—
(1) that he sent out 7,969 letters to users of these
metals and received only 5,418 replies, or say only twothirds of the firms addressed replied
(2) that the two
;
the other third of the Director's
if
had been answered the use of gold in the arts and
manufactures would have been found to average (besides
the old jewelry, plate. &c., melted) over 15 million dollars
annually
—the
figures
we used
in
our review
we
are a
a
year
ago.
On
this
subject of old plate
little
surprised
that Mr. Burchard should say " that the mint at Philadel" phia
be noticed that the Director says in the fore-
prove that
sufficient to
letters
and the assay
'•$1,882,600
of old
office at
New York show
the use of
jewelry, plate, &c. (gold), which, de-
consumption, would leave the
" ducted
from the
total
"
amount
of coin and
new
"
manufactures about $12,500,000."
bullion
consumed
in the arts
and
This statement sur-
THE OHUONICLE.
t8
[Vol. XLir.
But it is only the visible supply that is
prises us, because in his details of consumption received in this country.
from manufacturers, and which, we republished in full last available, and hence the extent of stock would be a matyear, he gave $868,119 as covering the item of old plate, ter unworthy of consideration were it not that so much
Why should he this year reject that part of those stress is laid upon it by, and such large estimates current
&c.
returns and deduct over a million dollars more on that among, those who think silver coinage would have to proaccount? If his investigation in 1883 was good for anything ceed much longer to be harmful.
it
was good
have
as a whole, for
new
false in part
it is
if
to say false altogether.
Is
we should
not the obvious interpre-
discovery in the use of old plate &c.
THE world's supply OP GOLD AND SILVEK.
The
own is
silver
production of
than our
other
countries
most cases quite unattainable. Mexico, of
simply this,
that it is an additional amount, which, if he course, comes next in amount to the United States, and
had received answers to the other third of his letters, is probably more correctly reported than any of the other
would have been fully explained ? In other words, is it large producing centers. Mr. Valentine gives its producnot further proof that his total for 1883 was an under- tion and coinage of gold and silver since 1877-78 as
tation of this
—
estimate
in
follows.
?
STOCK OP GOLD IN THE UNITED STATES.
With
the help of the foregoing,
it is
easy to determine
Production in Mexico ^or
Productioti.
Ooiiuige.
the Year.
Hold Bollare.^Mlver
gold
with considerable accuracy the stock of
United States
if
Government
statistics
exports are to be depended upon.
not reliable they vitiate
in
the
1877-78..
and
of imports
Certainly
if
they are
such statements, and Mr.
all
1S78-70..
1879-80.,
1880-81..
l881-!-a..
I8S2-83
Burohard's especially, since he uses them to find out the
movements
of coin, a
which requires the utmost
detail
accuracy, not only in the totals but in the description of
we have
the import and export, in which particular
quently proved the invoices at
this
port
to
fre-
be inac-
1884 -8fS
States,
we
start
gold holdings of the United
our inquiry with the stock of gold on
hand July 1, 1878, that being six months before specie
payments werd established. At that date the Treasury
held
of
and
the
banks,
gold
and
silver
together
gold
did
gold
(less
not
certificates)
including
only
30|^
have
over
while for the reasons
$103,562,000,
held
certificates,
millions
125
stated a year
;
hence
millions
of
ago there
of
both
gold,
could
.
t21,45l,7.S5
$691,088
21,405,.'!30
058,2(10
23,H83.448
621,820
23.583,133
49'^,008
a4,009,025
452.590
407,600
420.000
ssn.ooo
22.921.921
22,812.000
2.S.965.S14
Ztote.
»22,0S4,20S
22,182.987
24,018,528
21,617„S95
25,149,260
24,0K!,921
24,240,009
2"i,0S7,S5a
These production figures, we assume, are market values,
and we consequently raise them somewhat for the general
table given below.
As
indicate the present
.
1883-84..
curate.
To
$661,385
882.524
474,632
880,301
382,752
380,419
£55,724
812,800
the
to
South American
Some
accurate can be stated.
nothing
silver production
current estimates
make the
BoHvia as high as 16 millions and Chili 5|: miland other States about 1^ millions more, or, in all,
22-^ millions of silver.
We have sought but have not
obtained any satisfactory information from any of those
yield of
lions
must be very considerably
any record of its export in
States, but think that that total
overestimated, as
any trade
we do not
find
report, or of its receipt in the statistical reports
of other countries.
Certainly, a
mere
trifling
amount of
have been very little in the hands of the people. We silver comes to the United States from the whole of South
had just been through a period of inflation and very high America, and not much more goes to Great Britain.
gold premium, under the influence of which all hoards of should say that if the whole was put down at the present
W&
gold would be brought into sight and find a market.
Furthermore the resumption of gold payments was by law
fixed for the
first
of the following January,
influence of that assurance the
ually lessening, every one
premium was
and under the
seen to be grad.
fully understanding that gold
was certain to be at par soon, thus affording the strongest
inducement for holders to sell their stock. Besides, banks
then kept special gold deposits, so that one desiring to
retain gold in any considerable amounts would naturally
make them
the custodian
both risk and expense.
It
—for
the owner was thus saved
cannot therefore be presumed that
the people held gold outside of bank in any considerable
amount. If we should put the total at 25 millions so held
it
would seem
away
to
be ample to cover
in private corners.
liberal side, let
us
Or, as
all
we
possible hoards hid
would more than fully cover the
South American mines. From Germany Mr.
Burcbard gives a report for 1883, which states that country's production of silver to be about 01 million dollarsand about $300,000 of gold. This is quite a large increase
in the former metal over the reports of only a few years
back, which gave the silver production at about 15 0,0 00time at
1
5 million dollars it
yield of the
kilos, or, say, 6;^ million
Ilungary ores;
of
total
amount
the following result as to the
of gold in the United States Jan. 1, 1886.
StockJuly 1. 1878
Net import from July 1, 1878,toJan. 1.1886
ProdueUon from July 1, 1878, to Jan. 1, 1886
Total supply
Peauct soveu aud a half years' manufacture
Leaving in United States Jan. 1,18-6
it
so,
stands.
and we theref oreUsing these data,
position of silver production in the world sinca
1877.
WORLD'S SILVER I'RODUCTION.
1
United
Silver.
1877
1878
1879
1880
fctates.
Mexico.
£
£
5
Europe,
2,000.000
2,00U,0<
17,500,000
2,:10r,0li0
2,200,000
2,400,000
18.100,1100
Total.
&C.
£
S.
8,0j0,000i 4,500,000
M.iiOO.OOol 4,(i00,00o
8,200,0110 4,800.000
7,850,000
4
3
South
America,
4,^50,000
2,500,000
2,600,000
2,500,001)
Total 77-80 33,050,lOO 18,750,000 10,400,000; 9,100,000
1881
8,600,000' 4,900,00(1
9,3i,0.0j0 4,900,000
17,900,000
17,8iO,00»
71.300,000
8,600,000
19,710,000
2.500,000
2.700 1 00
2.900,000
2,900,000
20,550,000
Total 81-31 o7,360,000| 19,500,000 11,350,000:11,000,000
79,'n 0,000
18->2
18-!3
$175,000,000
191027 090
225^00 \0 o
1884
$59i,o:^^
1881
9.6.i0
0)
ii,7,!)0,000
10,2 10,000
;
4. 8011,0011
4, i) 00,000
5,ir.o,oon
Our gold production
112,-^00,0.0
$17:<,527iuao
not be
obtain the following, furnishing as nearly as pos-
Starting, then, with this stock,
we reach
suspect that a part
we
then,
50 millions, which would give us
a stock of say 175 millions on the first of July, 187g.
ike Missouri River,
We
sible the
desire to err on the
and calling the consump.
annually sinca that date, and using Mr.
Valentine's figures of production after adding an
average
of four hundred thousand dollars a year for mines
east
may
this
still
adopt Mr. Burchard's return as
call it
tion 15 millions
dollars.
of the present larger item is simply the product of Austro-
the statement
to
we
1857.
2,60 ',000
2,750,000
3,000,000
3,ii0O,0m0
,?,00n,n00
2.900,000
1
2(1,350,000
21,250,00O-
revised last year, carrying back,
We
omit
this
year the earlier
The above ($478,527,090) is certainly an extreme estiThe
dates and reproduce the figures only from 1867.
mate (we believe it an overestimate, for reasons which
we production for 1885 shows no further loss, and it may
have not room now to enumerate) of the stock o'f gold
held
that from this date the supply will a^ain increase.
be
—
1
Jan tJ ART
THE CHRONK^LK.
i8, 1886.)
were
WOULD' nOLD PBOnUCTION.
in
many
79
turned into
instances
road* then experienced a period
Qold.
tloii In
AuairaJia.
1
Prnrtiictl'n
In IJ Stiitos
(Mint cati-
Prodiictl'ii
In Oihi-r
lion In
KuosU.
ii.atx.)
[
Tolul
Prortncilon
Coilutrle*.
lu Wurld.
Pnxlnc-
a
£
3.;<77.00li
n..')ou,ooo
a.'ioo.ooo
•4,10S,ii0l>
•J.5(I0
(i.SIOOOO
4,114.000
C.'iilll.Oiiii
O.!l40,0li0
4,!»i:t,000
2,500,0001 23,'t5-<,000
'07-71. ftl.838,000 43,.MI5.000|20.3 1 ."S.OOO
12,300,000 128 208,000
10.58 l.OOn 10.''4'i,0'-0
n.or>l.i'0> 9 ono.ono
n.3>< .MM 11,90(1.000
1967
196S
1809
1970
1871
ToUl
tT.iKHi
I».(i05.00«
!• 'J
i
1972
S.mi,0(K)
1
;10 liO"."i"l
1>!73
1871
1975
1876
H.2>0 0IMI
1
S.2">«i.0l)0
7.-J43.0.0
'.!!!.".
(I-
vri.so7.ooo
7.095.000 4.771,000
7 9Ol,00i)>4„50O,0(HI
2. 00,1(00
2.50O.00'
7.7' 3,000, 4.(135.01.1
8,0.54.000, * 4,500.000
2,.5O0.OOO
2:1,304,000
•-',51(0.000
1:2, 8H0 000
4,500.001
8,"37.000
25,510 000
OO.OOO
2,
22,.'>:iH
1
1
OIK)
8,039.000
9«5
000 21,719,122
2.232,000
23.9-'0
5 G25.0OO
519' fi.3:>4((m)
5913. «19 0,572.(X)0
0,009 390, e.lOl.OdO
5,S99.000
5.899.000
2 .59li,00((
2.711. 00
20,(^17. 51!"
4,xj74.28d
2,76r.000
19,!'01.0fll
.-,
1
'J7.H0 1.000
2'.'.9i;i
9.010.000
7.575.000
7 '27 905
(i 113,122
!
2«,O.M,000
OOO
Total "72-70. 11,1 !>3.nOO 40,0 JO.OOO 22,306 000] 1 2.500,000
1877
1878
1870
1880
188X
2n.so.-.r.oo
^..^OOOOO
5.7>.5
•)(!-(
000
2,'-'4«
21.095.HI9
Total' 77-81. 31.092.821 35,72S.OOo|2^.0-t2.2fi8;l'2.552,000 107 455,089
8,'(S0,«fiO
,5.802,000
4.773.5871 2.720.000|
5,750.000
5 8 1(1,000
5.00().01Mll
4,081,000
losses,
for the r&il.
—tnowi,
of bad weather
—
and intense cold hardly ever equalled before in
extent and duration, and certainly without a parallel in
any recent February, which albeit had been a bad enough
In view of the extreme
Hionth in some other late yeai-s.
cold and snows with which we have been visited within
ice
the last
days,
ten
it
well
is
say that the area then
to
—
was not so extended tm at present that the South
and Southwest were exempt from the damages and interruption so general now but that to many Western and
Northwestern, and also the more northern of the trunk
lines, it was a time of great drawbacks and extraordinarily unfavorable surroundings, which was reflected in
With March
their returns of earnings for that month.
afflicted
—
meteorological conditions occurred, and
a change in the
the reports of earnings again assumed a
more
satisfactory
aspect.
19.442,447
11.741.000
But the improvement was not to last. The Eastern
situation was steadily becoming worse, and the
ills;!;
less directly to the roads
74,640,447 adverse effects extended more or
Total "82-85. '23.037.860 22.122,O00il8,816,587ll0,670.0
Then the commercial
sections
of
the
country.
in other
* Estimated.
brighten, and our industries everywhere
did
not
outlook
The atove are estimated this year and last year for
attending a
For Australia, became involved in gloom. The uncertainty
liufsia, aiid mostly for "otcer countries.''
change
of Administration, with the fear that some untowe have for 1882, from Mr. Hayter, the Government
ward acts would mark the course of the new powers in
i^s ..;
5,401, (HO
2,8500
lOi
5.200,000, 4.G-( 1,000 2,0 0.000, 18.3.U,000
5.4 O.'ii 0| 4,681.000i 2.6>0,00<.j 18,132, ((00
railroad
statistician, the following.
PBODrCE OF GOLD
control of the Government, further paralyzed trade opera-
IS ACSTIIALASIAII COLONIES.*
tions,
During
Prior to 1888.
Wteny.
Estimated
Ol.
E!«timated
Quantity.
Value.
Quantity.
£
'
1882.
Value.
£
Oz.
I
S0.505.IW7 2(I2.022.2«8
Tietorla
N.So.Walea.i 9,181.209: 34,U27,I14'
8»8.6Sfl
Qneenalani]..'
S,64I3,1'0
13.411.511,
129,233
230,090
So. Anatralla!
101.5T3;
404,378!
13,688!
3,594,144
Quantity.
instances, get
Oz.
51,404,103 205.618.412
corn particularly was
491.594
9,310,502' 34,518,708
829,665
62.468
S,S-H.2«0
14,241,106
117.243
4«6.«44
j
Total of Aus-
tria
63,134,5S1 840,885.271
Tasmania....
Nsir Zealand
210,029;
1,873,587
j
928047'
4,977.859) 64,708.108 254,843,130
49.122|
230.893i
187,3S7|
289,151
1,115,384
921,8841
10,051,848
89.383 087
1,553,5421
6,066,860
9.S2X.755' 38,J81,423;
73,497,305 289,25<, 741
•Tlie flgnres for Victoria
and value
and
New
75,050,907 295.341.601
South Wales express tbo qnantlty
oJ ail thn Rold raised in tbose colonies since its discovery in
1851; th»8e for Queensland represent tbe exporti of Queensland gold
seaward since 18.>y. when that colony was separated from New South
Wales; those fur South Australia express the (luantiry and value of ifoUl
from that colony received at the Mclljourne and Sydney mints: tliose
for New Zealnud express the total expoitsof goldfrom that colony and
;
those for TsiFinanla express the quantity raised since 18B6. there being
no record of the quantity of gold iaiB(d prior to that period.
With regard
the
to 1883 and 1884, we have the returns of
Melbourne Argus for Victoria (for 188.3 ounces
774,330), and from our Consul
General at Melbourne the figures for Queensland in 1883,
which were 212,783 ounces, equal at £3-10 per ounce to
740,373, for 1884 ounces
£744,740; we also have from the Mint report New South
Wales. All the other figures are estimated since 1882.
RAILROAD EARNINGS IN DECEMBER AND
THE YEAR 1885.
Though
the closing
the same gain,
either
Indeed,
«ny
it
better
was only
at
a
minimum. As regards
produce, though the crops in
there considerable disappointment.
of the cereal
was not quite
as free as the
had led one to anticipate. Whether this
was because the low price ruling diminished the inducement to farmers to market the grain, or whether a larger
amount than supposed was needed to make up the defilarge crop raised
of previous
crease in the
years, the
movement
the total receipts of the
and
river ports of the
cereal
West
remains that the inmarket was slight, and
fact
of corn to
at the eight leading lake
for 52
weeks in 1885 foot up
only about 9^ million bushels more than in the corresponding 52 weeks of 18?4, when they had been nearly 21 million bushels
below 1883.
The wheat movement at first was heavy, and exhibited
a marked incrdase over other recent years, the gain being
chiefly in the spring variety of the cereal, and coming
mainly from the Northwestern section, where an extraordinary crop had been raised in 1884, and the marketing of
which during the closing months of 1884 and the early
months of 1885 proved such a decidedly beneficial influence to the roads in that section.
Later on, with the
—
wheat crop of 1885 the most complete failure, it would seem, in our agricultural history
the receipts began to fall off heavily, though as this shortage was in a different section a different class of roads
was affected. But the shortage afterward extended
failure of the winter
month (December) does not make (though not to anywhere near the same extent) to the
in ratio or amount, as the month spring wheat section, so that the roads there, too, had a
immediately preceding, the year 1885 in railroad earnings
was one in which prospects, as well as actual results, were
mfcterially
The movement
ciencies
Total of Aostralaala
traffic to
1884 had been good, the railroads did not, except in special
such benefits as expected. In the case of
EatlmMted
i
and reduced railroad
the volume of agricultural
the
in the
fruits of that better
excellent, and as
became more and
three months that we had more an assured fact, farmers were more inclined to let
of things upon which we go their old supplies, and the movement of the cereal
increased, and this helped in a measure to offset the loss
of the year.
end than
last
state
entered during the second half
diminished yield to contend against in the later months.
at
the beginning.
The new crop
of
com, however, proved
the season progressed and a large yield
The opening of 1885 was encouraging enough, for the from a smaller yield of wheat. As regards the other
month of Januar*', notwithstanding the rather severe cereals, there was some falling off in oats, and also in rye,
weather that prevailed the last two weeks, showed quite but a decided augmentation in barley. The flour movesatisfactory gains.
In February, however, these gains ment was diminished, but not all ports, and consequentiy
..
.
THE CHRONICLE.
80
not
roads, shared in the diminution, the receipts at
all
Chicago, for instance, showing a marked increase, though
at Milwaukee there was a hardly less marked decrease.
To enable the reader to see how the diSerent ports fared
as regards the grain movement, both during the year and
in December its close, we give the following table in our
usual form.
RECEIPTS OF FLOCU AND OEAIX FOB FOUR WEEKS ENDED
26 AND SINCE JANUARY 1.
Flour,
Wheat,
Com,
(.biuth.)
ibxMh.)
Oatt,
(bush.)
Bye,
(tush.)
(bueh.)
OhicoflO—
MUwauke«—
4 Wk8., Dec, 188S
81-;,448
4 wks.. Dec, 1884
Tr. 1885, 52 wks. 2.259,13-(
Tr. 1884, 6!i wk». 3.537, 10 4
Louto—
4 wks., Dec, iaS5
4 wk6.. Dec, 18tM
10,760,944
St.
9I1.7.W
353,973
823.223
1,022,700
10.07'),183
51.747
Tr. 18S5, 0? wks,
Yr. 1884, 52 wkB,
1,401,704! 13,884,998
26,770
37,810
275,387
335,488
481.427
438,197
151,240
136,550
633,7851 1,619,798
809,430; 2,706,448
61,940
44,160
860,432
2,100.685
9.582,772
154.483
4,e«2,8-*«
4,794,287
38,057
41,587
2,421,0S0
812,844
327,136
283.690
329.066
1,976.000
24.792,110 7.053,1111 2,813,618
17,176,386, 6,762,571 2,688,577
580,015
23,200
8.432
316.871
114,861
38,058
112.638
246,620
7(10,156
ToUdo—
4 wks., i'ec,1885
4 wks., Dec. 1884
Tr. 1885, 52 wks
Tr. 1884. 52 wks
Detroit^
4 wks., Dec, 1888
4 wks., Dec, 1884
Yr. 1885, 62 wks
Tr. 1884, 62 wks
Cleveiand—
4 wks., Dec, 1885
4 wks.i Dec, 1884
Tr. 1885. 62 wks.
Tr. 1884, 52 wks.
Peoria—
4 wks., Dec, 1885
4 wks., Deo., 1884
Yr. 1886. 52 wks.
226,877
677,008
12,200
412,215
212,818
3,484,298
6,712,489
22.807
13,001
632.371
687,773
720,399
148.085
2,578.733
l,8l»,5S8
1,180,264
1,081,868
71,338
131,293
15,311
152,881
103,414
16,295,409
12.969
9,302
136,746
122,820
8,89 1, 5«2
7,737,555
20,124
13.717
197,058
154,733
1,565,203
2,241,704
T2,0U0
46,658i
696.2971
956.373
787,5041 1,182,028
14,400
18,450
363.880
634,170
621,380
725,205
508.200
485.310
9,5t8,735 12,289,685
9,491,820 12,805,238
8,002,9tl3
597,494
£86,894
90,210
142,800
49,7.<8
840
73.>,093
S,327
574,901
41,602
44,493
16,050
3,100
2:i2,859
298,861
9,000
S.67.i
141,085
62,167
4 wks., Dec. 1885
4 wks., Dec, 1884
2,269,468
2,391,138
14,508,612
13,584,028
Tr. 1885, 52 wks.
Tr. 1884. 62 wks.
85,660
19,000
448. 145
680,005
67,200
61,060
68>l,988
533,700
36,489
88,708
89,244
868
ttUes.
Miles.
51,486
60,840
46,392
45,513
41,317
41,240
47,897
42,118
44.664
46.898
47,281
48,772
49,579
49,154
43.024
44,149
43,537
40.813
47.298
40.884
43.872
46,655
41.065
45.685
January (70 roads)
February (69 roads)
.
March
(58 roads)
April (51 roads)
May (58 roads)
June (49 roads)
July (66 roads)
Auuust (50 roads)
September (56 roads)
.
November (85 roads)
December (64 roads)
4wks., Dec. 1885
560.873
6,877,945
8,4.30,3 !1
4wks., Dec, 1884
ti,H91,919
8*8.987; 11,178,678
4 wks., Dec 1883
7.'; 94,101
r36.47l
7,459,721
Tr. 18SI5,62 wks- 8,719,335 .0,040,578 103,7. 4,K43
Tr. 1884, 52 wks. 8,442,366 91.2')0,919l 94.183.901
Yr. 1883, 54 wks. 8,193,52» 74,753,872 1 14,931, 580
3.789,528
2.659,786
,
1
Beyond the
crops,
however,
2,874,253
230,7.32
1.9:11,893
271.313
645.818
3.36;.Ht7
3,785,"62l 2.211.248
6l,417,683-I9.0-<3.871
63.200.953 16.107,972
80.568,708 18,690,784
6.1)30,053
7,838,353
'
,
the
West
Shore,
New
South Pennsylvania settlement exerted an
influence upon earnings that was all-controlling. Directly
of course, this settlement concerned merely the Eastern
trunk lines and their Western connections, but indirectly
its effects were very much more extended.
It was a
pattern on which other roads and other districts could
Central,
own
differences,
these other roads that
in
and
the
it
was a
opinion
the railroad world, the time had arrived
must supplant
notification to
of
interested in the most serious struggle that
Increase or
Decrease.
1881.
$
t
17,788,038
18,972,,868
16,016,193
17,290,374
16,268,,067
17,793,61*
17,859, 371
16, 465,830
17,327,.884
20,272,446
23,980,770
20,355.1,358
23,278,1.07.^
825,167
261,874
702,538
946,885
1,298.837
807,565
65,763
862,051
82,813
701,695
21,626.003
18,883,941
20,073,,563
1,451,4.50
19,331 ,811
652,130
16,587,,835
17,468,848
18,412,,743
15,895,528
15,237,167
17.181,,365
16,041,,732
Here we see how the improvement noted in January
was in February followed by a loss, as a result of the bad
weather prevailing, to be again succeeded by an increase
in March, when the impediments existing had been removed and the delayed traffic came forward. After that
became very bad, and in the three following
months the amount of decrease was heavy. It was at this
time that trunk line affairs were at their lowest ebb, with
contracts as low as 8 cents per 100 lbs. for carrying grain
from Chicago to New York. Our table then did not contain any of the larger American trunk lines, and for the
year below contains only the Michigan Central and the
Lake Shore, but in both periods many of the smaller
roads affected by trunk line conditions are included, and
the situation
these are reflected in the aggre-
With July came
gates given.
the great change to which
we have referred, and though only a partial effort was
made that month to advance and maintain rates, the table
a decided improvement over the
months preceding, the decrease recorded being scarcely
more than nominal. In August the failure of the winter
wheat crop was a factor of considerable moment with
many Western roads, and some lost heavily, so that the
of earnings indicated
an—
arrange their
1884.
of course the results on
I
Tr. 1884, 62 wks.
I>uluth—
York
1,(107
70,322
88,172
150,728
1885.
October (62 roads)...
Barley,
Earntnga.
iHlfoge.
.
128,448
4,122,279 2.281,320 1,377,868
1,485,101
300.080
4 wkB., Dec, ISS3
134,407
978,868
4,729..t80
3,704.990 1,574,123
873.758
4 Wk8., Dec, 1884
l,7r>7,472
9.515,718
3'1,71«,612
61,881.681
17,648,481
4,808,009
wks.
1885,
61
Tr.
Yr. 1884,52 wkP. 3,260,524 26,232,111 58,607,708 37,85«,322 6,20?,006 3,171,518
Total of
[Voi* XLII.
the
parties
was disturbing
when peace and
month again fell below the total of a year
improvement began in earnest, and
September had only a trifling decrease, October an increase
of $700,000, November an increase of nearly 1^ millions,
and December an increase of $.550,000. The first really
determined effort to maintain trunk line rates was made
in October, and in November a further advance was
total for that
ago, but after that the
established
coincidently
;
earnings occurs in
the
heaviest
increase
in
months, but of course the ad-
these
vance in rates was only one circumstance that contributed
to the gains in those months, the gains
being quite general
and exceptionally large on some of the Northwestern
the desire to arrange differences amicably became almost roads, which were favored by a h^avy movement of live
general, and in all sections of the country the effort was hogs and provisions.
We now give in detail the earnings
to maintain rates, and thus secure the profit to which the for 1885 as compared with 1884 on all the roads reporting.
roads were justly entitled. Probably at no other recent
OROSS EARSIN08 FROM JAMaART I TO DECE.MBER 31.
period was there such a practically unanimous disposition
Ifame of Road.
1885.
1884.
Increase. Deereaie.
to enforce tariff rates faithfully and without deviation
9
$
$
$
than at the close of 1885, and certainly the spirit prevail
48S,465
Boston Hoosao T. & W.
509,092
2,3,627
profit
strife
and
starvation.
After that
ing in this respect contrasted strongly with the opposing
spirit that marked the opening of the year.
If the trunk
lines did not at once get from the change the benefits that
many
was simply because it takes time to
results.
But not to the railroads alone did
expected,
produce
full
it
the settlement prove a beneficial influence, as we have so
often taken occasion to point out.
It was the removal of
a chief obstacle to the recovery of confidence in the industrial situation, and the greater activity which
followed
reacted again upon the railroads, giving them a double
gain.
Thus it is that the West Shore settlement marks a
—
complete change in the entire situation from a period of
extreme depression to one of marked improvement. The
following table, showing the monthly aggregates for
each
month, will indicate the course of earnings during
the
year.
Burl. Oedur Kap.
C^aiiadiau Paoitio
GbloaKO
CUlc.
&
&
&
No..
8„3.'il,'.5S
l,«i.2(>S
7,919,7)4
Alton
EilRtuni Illinois.
& St. Paul
Nurtiiweat ...
CUioaKO .Milw.
(^liioaKo
^^I
3,0l»3,,ili
Otilo.St.P.Minn.cfeOmahii
ik West Midi
Iu<i. 8t. L. .t Cliic.
l,(>iil,83l
24.4111, 95i»
24,303,781
5,818,263
2,796,459 29-,0-i5
5,7 ^0,522 2,601,036
1,418,25-8,70H,274
1,546,115
23.470,999
23,191,898
5,781,9.(2
OUloaKO
1,2
Oiu.
2,372,3 -0
1,469,667
2,131,780
Cin.NrwOiI.&Tex Pac.
2.(181,8.59
2,65-i,l8.'i
Alaliania Ut. Soiitli'u.
it No. E..
VIokHburtr & .Meridian.
l,07ti,371
6!IS,287
1,165,102
NiwOrlnani
Vlcksliiirg 811. & Pac*Cin. Wasli. & Baltimore
Akron & (>>l
Denver A Rio Grande...
Unurer & Kio Gr. W^sr.
Ft.Dodge
*l»e« Moines
Cleve.
St.
Detroit Lansiiiir
<fe
No.
..
Evansv. &T. Haute
FUnt & Pere Marijuette.
Florida R'y & Nav. Oo.
Ft. Wortli * Denv. Cliy
f'Jrand Tr. of Canada...
Ql. Central (tn.Dly.) ...
(j.HitU. Div.)
D"
* In''ludi-8
i
>
44!),?>8l
597,446
607.267
202,812
l,65ri,649
1,79 1,636
482,799
479.281
5,552.104
486,151
6,111, 3«l
1,011,177
37.^.8
U
1,221,538
749.8 73
I,it36.8-i8
991,
94
464,173
1.1,454,728
6, i95,<li>4
4 41M.S73
tUreo weeks only of
53 weeks.
',405
864,716
341,185
9.(9.96
•
816,863
36,331
177,262
62,430
23,074
December
........
88,731
100,8 41
2i,il6
156,739
136,987
3,518
.... .•••
559,2,'>7
146,461
27,653
107,054
1,3 28,592
743,641
2,242,987
933,251
463,563
17,259,703
«,158.fl2
4,320 132
142,993
719,540
115,719
6,232
3i6.il6
8,613'
605
....
338.612
120.441
in eacb year.
1,804,975
Jamoaby
Xame
THE CHRONICLE.
16, 1886.J
Tntrea$».
1884.
1S8S.
of Road.
Dterttue.
l,c.^o.^30
<'ontrttl(towii DIv.)..
111.
A
a.*ia.«78!
2..M».107|
W«H(..
Imllitiiii Klimiii.
Kail. I'llv rt. 8. .k (»iilf..
II \
S|>. it M<Mii ..
Kmii
I.jlir J
Midi. Xl>..
1,712,3901
2,302.0231
*
!I1,«H3
13.«0i,017
iivVlie!!
82.05(i<
Sat,."»4S
3,.^it>.S78
819.9B3
3.016.070
10.7.')ft.0no
I,3:i:i,;w2
H,(!.-.9.077
1.1 14.311)
2,017,3tf7;
2.1liO,412
.vOiit..
;;
M. ',
11
Mull
Mil"
C. So..
>
\V(wt'ii.
.Nortliorii.
,
2,7.',O.H«2
11.37B,151
Piit'ltlu
licrii
OIii" Sout
Pwnriii Die.
A
Kli-iiiiioiicl >t
470,l)3;<
Kvansv...
733,412
Danville...
3,91:0.258
.\iiKii«ta.
810.437
Ori'onvillii
Vlrciiii.i Mlill.uid
Wisi. .Nor. ('jiroliun...
RiM ln'.slir .V I'litHhiirK .
Bt.KA..1iT.H. iniitn line.
(597.232
A
Clmr. Col.
Col.
A
Do
do
1,54».17-J!
46ti,947
1,22:>.6K.'>|
1, -2.52.943
Br
&
Minn.
P.iiil
647.331;
4,3S9.428[
1,383.193
7,490,320
1,237.358
Mau...
l..oum
I.
)
V
Pao.
.t
r-.
13,84.i,6«fi
1,4(J4,520|
.
t'ontriU
\>
Total
(fll
473,002
739,767
3,873.715
775.104
686,993
1.590.097
435,434
1,142,750
1,3 23,026
"e.oVi
1,237,151
86,.543
35.333
10,239
45,923
31.513
86,936
to' 98 3
74Ill.50
26',353
5031540
141,291
4.643^96
251,168
1.317,315
65,868
8,3U,197
8231877
1,010,033
14,911,063
1,429,075
197,325
1,065',377
35.145
1242,181,545242,634,482 8,476,310
roads)
Ketdecreaso
J
to the
north of
lie
the two leading
&
Paul and the Chicago
8,929,247
452,937
Figures are Klven in Mexican onrrenoy.
city,
namely the Milwaukee
Northwestern, which have
The roads
$939,961 and $816,30.! increase respectively.
of spring wheat early in
When
the returns
this is particularly true of
reporting,
lines
bringing
is
Paul.
.St.
roads south of the latter
in this section had, as already said,
113,615
53,611
we come
k, St.
904,077
2.(i!l7.071
I2.til3,30ft
7m.503
(bruiit'liOM).
et. I.. Ft. Scott .t Wliih..
8t. LouiM it s. Franoisoo.
8t. I'aiil iV Diilutli
2.482
4.552
533,508
219,076
37,884
520.446
MIlwMiikii' .V
Molilln A-.OIilo
Norfolk A WpHtorii
N(»rt lin-n
13,(IH2.4(i6
Both these roads
it.
are pretty generally good, an4
7.>3,127
2,s^4.orto!
I
10.655
209,509
i,!>n:i.9T.i
14,08-<.l.'>7
I
59.951
1
ness that the development of the port of Duluth
with
S
9
81
an increased movement
the year, and
though
later they
some diminution because of the reduced yield of
the season of 1885, this was by no means a circumstance
of the same importance as in the case of the roads running
through the winter wheat district, and besides they got
some gain from an enlarged com movement. A feature
of greater moment, however, would seem to have been
the greatly augmented amount of live stock and provisions
The expansion in that class of traffic is indicated
carried.
by the following table of the receipts and shipments of
these items at Chicago.
Of course the shipments relate
more particularly to the movement from Chicago eastward
(over the trunk lines), but we give them along with the
suffered
receipts as affording an additional point of interest.
We
be said as to the results disclosed by this table, make no attempt to apportion the increase between the
that they are better than was thought possible at one different roads
whether the gain came principally from
There are only 2 1 roads that have any decrease the Northwest or from the Southwest, it being clear that
time.
¥
It miky
—
roads reporting), and the falling off on these,
61
(out of
though heavy,
is
almost
other roads, so that there
is
by the gains on the
offset
all
a net decrease of only
.$452,-
The Grand Trunk of Canada, the Michigan Central
and the Lake Shore of course have suffered a very heavy
contraction of receipts, and the explanation is found in
not all, the roads running to Chicago, had a larger
from that source. It will be noticed that in live
hogs the increase amounts to nearly 1,600,000.
some,
if
traffic
000.
the remarks above with
advance
and
it
in rates not
may
reference to
counting
till
the
effects
of
the close of the year,
on
time contracts
figures of
the year, that
December
1
as
at
the
lowest
regards passengers not
till
1884.
1885.
I.lTe
hogs
Cattle
...No.
8.940,881
No.
No.
1,905,407
TWO
VEABS-
Shipped,
Received.
the
be further said that up to the very end freight
was being moved
RECBIFTS AT, ASD SniPMKOTS FBOM, OHICAGO DUBISO LAST
1885.
6,381,967
1884.
1,792,731
1,392,815
747,988
791,884
259,310
2M,aSii
801,630
393,213
290.818
34.958
86,247
bbls.
lbs. 60,839.876 63,146,334 455.878.351 219,617,436
lbs. 162,017,472 127,006,458 708,388,47ol549,674,034
Sheep
Pork
Lard
Cured meats
1,817.697
998.888
were rates raised to the $20 00 basis, Chicago
In the case of roads running south from Chicago, like
to New York, and that in the case of immigrants the
doUar rate continued all through the year. Aside from the Illinois Central, the Chicago & Eastern Illinois, and
the trunk roads, the Northern Pacific has a heavy the Evansville & Terre Haute, the showing of earnings is
Further east, the
decrease, due to the fact that in the early months of the also very good, all things considering.
previous year the Cceur d'Alene gold
swelled earnings heavily, and also
to
excitement had
the fact that the
—
conditions were not favorable
the western end
(Oregon Navigation lines) being blocked by snow in
January, and the demands of competition and the low
price of wheat ruling, making necessary a reduction in
traffic
The Chicago & Alton and the
rates at the eastern end.
Indiana Bloomington
made
& Western
has
returns are rather irregular, but not at
the demoralization
of
greater part of the year
that
rates
—
till
failure
In part the loss of $1,065,377
Wabash (which
mileage in both years)
yield
of
wheat,
because of the
little
gain,
bad in view of
during the
the trunk line peace compact
—
was extended to the roads in that district and the failure
of the winter wheat crop.
The loss on the Cincinnati
of the winter wheat crop proved a Indianapolis St. Louis & Chicago is entirely owing to the
serious adverse influence.
on the
all
prevailed
St. Louis & San Francisco lost because they were comparing with heavy totals in 1884, and because in the later
months the
a
quite
on better rates and in part on the increased
In
yield of corn in the territory traversed by its lines.
the territory between the Lakes and the Ohio River, the
in part
here given
also the
is
but
is
result
for
of
greater part no
in
difficulty of
the
same
latter circumstance.
Among
Southern roads we have
and others with only poor or
the reduced
doubt it is In reference to
an insolvent road, gradually
undergoing disintegration, retaining
its traffic.
After the
roads mentioned, the roads in Michigan stand out conspicuously for unfavorable results and this follows from
results
the
first
all,
however,
it
some with
good
indifferent results.
should be remembered in
place that the 1884 crop of cotton was deficient,
by the low prices
months the depression
while that of 1885 was in part held back
prevailing.
Then
in the first six
existing in other sections of the country also affected the
and lumber industries South. Furthermore, new lines like the Louisville New
that prevailed
there was a material change for the Orleans & Texas produced an increase of competition.
better in the closing months.
The enlarged yield of cotton in 1885 does not seem to
the great depression in
the iron
—
The only other decrease
of consequence is that of the have counted to any extent with the roads, except in the
Manitoba among a class of roads case of Texas, where, however, it produced some very
that as a rule make very good exhibits for the year.
The favorable returns in the closing months. We give below
increase of competition was probably one reason for the the receipts of the staple at the Southern ports for the
St.
Paul Minneapolis
decline.
the
St.
&
In contradistinction to the loss on the Manitoba,
& Duluth has a gain of $65,000, or about 5
Paul
per cent, but this road
is
sharing in the increase of busi-
calendar years 1885, 1881 and 1883.
that the
total
receipts
It will be observed
were 173,000 bales
1884, and over a million bales less than
in
less
than in
1883.
Only
.
.
.
.
....,
1
THE CHRONICLE.
82
New
"Galveston and
among
Orleans,
•show an increase over 1884,
the larger
ports,
on the
others, both
the
all
Jan.
GrMS
Eaniiit^.
I
Sbice January
Earnings.
522
1884
Det.
..Gr.
.
.
103.711
829.588
18.048
1.897.628
297,257
34,527
783.877
6.722
501,057
27.603
114,890
19,847
•285.145
do
Do
&
f
do
NaiHovlile.
do
18-14.
& Texas
..Louisville N. o.
a3il,li;9
.1885.
1884.
.18-6.
1.8M
.1885.
Kentucky Central
Do
£21 5,874
1884.
Bay Win. & St. Paul
Do
do
..Louisville
6117
1883.
Haven & Milw. I8i<5
tir.
Do
3,653
I
11,714
7,51u
29,939
24 168
445.626
1.
Nov. SO
1 to
Or.tsa
£5,740
RECEIPTS OF COTTON AT SOnTHBRN PORTS IS DECEMBEK, AND FROM
JAN. 1 TO DEC. 31, 1885. 1884 AND 1683.
xa.if.
Nahe.
Net
Earnings.
Gulf Coast and the Atlantic, showing a diminution.
1884.
[Vou
I
Net
Earning,
£66.471
63,930
*
78i,051
2.53,094
85.>,3i7
12,6 a.017
12.370.388
4.836,700
4,785.887
803.355
1885.
D
do
1884.
..Manhattan Elevated
1»86.
Do
Ifi84.
do
..Memphis & Charleston.. 1885.
Do
do
1884
..Mexican Central^
'D-S.
I8'<4
IJo
do
..Minnes itu & Northw'n... 1885.
Do
do
18-4
..Mobile & Ohio
1885.
Do
do
I««4.
1
•GWTeatoD
bales
Indianold,
117,214
86,961
125,419
&c
789
395,559
64,n33
1,384
N&vr Orleans
Mobile
410.712
69,475
22,135
188.553
398,601
80,109
13.128
126,000
3.4S0
78.018
Florida
Sarannata
Brunswick. &o
<7harle8ton
Port Royal. &c
Wilmington
Morehead City. &c.
14.628
1,191
Norfolk
110,601
59,716
West Point, &c
Total
383
14.945
3.0S8
9B2.I48 1,050.54:-
l.525.&'^6
203.H65
235,586
69.S41
721,362
10,189
531.511
7,817
97,756
10.288
10.969
6,858
479,008
131,0391
4S,B37i
76,0>4
.578.67H
709,126
13.909
451.575
12,254
87,346
65,102
4,843
3.618
I89;030
521,9f3
59.65rt
7,773
123,745
1.140
87.822
3,084
16,075
5 242
614.412
3,513
227,772
586,055
7.38,662
2011,781
239,074
07S.055! 4,451,663
275.215
68.3 JO
as yet only the figures
134.1181
12,2 r3
we
Do
110
4,
Do
Do
—
—
(ail
the adverse
all
conditions
that
through part or the whole of the year.
Do
made by such roads
favorable returns are
prevailed
trade likewise
has fallen greatly behind.
noteworthy and a gratifying feature, however, that
the last month which these returns cover Novemberhas yielded much the best results, and this is true not
It is a
November making
more favorable exhibit than that
others reporting,
Jim.
Net
Earmntti-
49,850
38.262
487,000
292,000
def.3.6'18
20 1.90
Oross
Bamingx.
t
13.200
1,601,413
l,4«l,9z2
21.823
XS.182
116.831
..OrenonRy &NaT.Co
Do
do
1
7.B00
8 866
;ail.088
iso.oai
56,721
80,524
SI8,00«
274,132
811.M82
H '6.362
302.01 i4
610.S7S
2|4,680
CTS.OTM
245.213
70.507
68,3t(4
71. .'28
29,.545
2--.291
151.516
138.993
2.318,058
51.328
51.045
194,678
196.313
572.983
482.459
»8.5ft»
103.9111
38,H05
as.734
400,781
880.180
43.514
S9.273
1,249.0110
1,14.5.046
72..38S
„,l.'o
Oo
.
55.319
1 .101
Mextoan coneDCf.
Do
..Cin. Ind. St.
.
.
..
Do
.
.
. .
3.047.040
8711.810
1884.
8.a-2».6u3
071.613
6.8,735
6W7.043
1.423.589
l!3l,«34
1.^111.387
301.817
11.366.435
l»a4
18'<4.
i
Kt.
Do3ge.l8K5
do
East Tenn.Va.
&
.
.Orand
—
—
.
Do
do
1884.
Chicago &Gr. Trunk... 1885.
Do
do
1881
I8.-VJ.
3.3.9.0^2
26.i«8.014
28,63 .,597
14,615,5)1
lo.31il.l5l
1.01 1,844
14,778,068
16,943,872
1,188,803
1,378.12)
11,832,58)
1-2.291,7 il
del 75.124
448,033
l,570,JiO
Company—
2.902.9 !
2,61 -,439
1,877.742
796.216
290.439
183.738
648.n71
4i4.7l7
3,720.342
3,lo6,069
,
l.-9J.Si80
& New
irleans... 1-85
968.503
do
892,212
7i6 387
.
1884
Total— Atlantic System. 1^85.
8.1811,433
Do
do
6 973.009
Do
do
408,838
303.549
3.3a6,830
2.232,023
.30.702
1884..
1833..
Texiis Central
838,709
41,248
1884,.
188).. 23,578,'884
Do
1884.. 23.837.704
do
West Jersey & Branches. 1885
1,1H9,142
I8S4
Do
do
1..8).618
»8 ,887,327
t9,607,937
482,077
500.459
Do
do
....Onion Paclflc
,
.\
.
32.564
Name.
October.
15,828
3,215
'25.037
6,183
48VJS38
T'>8l',4i9
348497
1167.6:^1
176,813
113,409
h0.013
58.899
—
—
California Southern
Do
....Dayton
—
Jan.
&
1885.
do
1
to Oct. 81.
lltf.7?9
8,210
18-'5.
2,000,23
2.080.575
l,499.9i6
1*84.
771.777
1372,075
1200.885
479,588
137,089
1881
Ironton
Do
do
Houston & Texas
Do
do
1883.
1881.
Cent '1.. 1885.
188*.
Oreiron Short Line
Do
do
Including 88 p»r cent of earnings and entire working expenses of the
*
York Pennsylvania & Ohio Iliilroad.
+ Taxes a .d rentals not deducted.
In
i
H84aaJiu
1S15 oae-tiveltth of the year's taxes is
earninas.
T
New
deducted from net
After taking out amounts spent for renewals and betterments.
"We have already pointed out that in amount
recorded ($550,000), the showing does not
come up to that for November, when the gain over a year
ago was nearly a million and a half.
One reason for this
IS that the comparison is with better earnings in 1884 than
was the case in November. In order to indicate what the
December record in this respect has been for a number of
this time.
of increase
years,
we give
000.
Mileage.
Period.
237.412
4.16.388
11..3a7.086
792.788
832.72 a
Deo.. 1880 (48 roads)
Dec, 1881 (55 rnads)
roads),
Dec, 1885 (64
roads).
95
roads),
roads).
EarnlTl^.
Increase or
Decrease,
Tear
Year
Tear
Tear
Oiven.
Preceding.
OiVfh.
Preceding.
Miles.
Miles.
83.767
41,704
47,338
48,837
52,887
48,772
28.879
17.448.136' 15.001.54! Tree. 2.146,398
88,780
43,387
21.596.ri90
17.588.783 Inc. 4.027,807
23,673..87»
22.no,i.65J"liC. 1,403,814
21.022.358
22.681.192
20,2 8.08
42,750
51,091
45,885
1
Inc.
22,718.080 Dec.
19,x83.91l' lll.S3l.K11 Inc.
1
7;9,'i73
S6.888
PO
5.58.
1
37.)
431,0113
1.217,790
1,352.471
1^8.188
437,884
201.4^3
i
8,7;s,8ai
3,157,159
65X.767
5ia,52-i
71.047
128,930
589,765
It will be noticed
had been only nominal, while
November of that year the loss had been over $1,800,-
102.617
£
the subjoined statement.
that in 1884 the falling off
.347.120
8.710.593
3.0I".819
18b4.
*1,018,703
Dec. 1882(113
Dec, 1883(57
Dec, 1884 (69
Qeorgia.1885
Tmnk of Canada. .1885.
l3t-6.
Jt 8. An, 1883.
11-4..
do
Louisiana Western
,1885.
Do
do
1884..
....Morgan's La. JtT. UB.. I 85..
18S4..
Do
do
N. Y. Texas & Viexican. 1885.
Do
18«4
do
—
2.42H.270
2,414.2)8
85,882
82.812
1.988.631
1,883,880
824 5H7
18.S1
1884.
tteading..
.-.823
,
2,231,687
5,814.874
5.130 745
939.H57
785.8-8
1884
City 1885.
do
18 4..
T..tal-PaciBc System 1883
Do
do
1884..
....Total whole system.... 1885..
in
Quinoy. .1885. 24.228.452
do
1-K4. 23 428.313
Louis & Chlo.l8>-5.
2,107,761
&
d r.37,mi3
laftS
Do
do
..Kort Worth & Denv.
Do
do
.
1.21.5.245
7.042.939
7,211,411
49,8 3
BigSan..lfc85.
&
.
De« .Uolnes
271,533
201.637
1,020,675
1885
18S4!
^o
''0
i9M
& „.
Rio Grande ..1885
Do
do
l«>-4
..Denver & Rio Or. West. .IKS6
do
1884.
„ Do
^
..Denver
14..fl8.024
15.U5 1,801
5.2i-<.07(i
.10
„
1
85-,825
774.554
2.HM4.183
& Southwest. .18,85.
„
ov"" Burl,
..Chicago
Nov.
2.838.605
2 50-'.0ii9
7.688,558
do
..Ches. Ollio
to
1,124,433
do
,
Elizab.Lex.
1
*
501,710
308.708
.Canadian Paclflc
do
„^ Do
..Chesapeake & Ohio
..
18.979
56.168
64,771
'«,. 8i
&
.
.
149 645
18.II1'
183.5
do
18.S4.
„ Do
Bun. Cedar aap.4 North.l88o,
do
1»<4.
„ Do
»7u91
11514
165.956
18H4.
do
1884.
..Baltimore
Pot«»raac .... 1k-6.
Oo
do
1884.
..Buffal) JJ. Y. & l>h:la
18a5.
71,8 '8
14.1199
I
Fe....l8S8,
do
„ ,Do
2U.M10
161.926
aS.Oii
Jan.
& Santa
SonoraS
..
7M,8'1I)
«**.180
8-(9.Ui
49.182
i
Do
742,0-13
def. 2 lao
58.977
81.375
2.23S891
..Atoh. Top.
Net
Earnings.
....1885.
18S4.
Nahe.
«
907.634
)DttJt>9
814,(196
Dec. 31.
*
509,002
485,465
.Boston Hos. Tun JkW... 1885.
Do
an
1884.
November.
$
1 (o
NAME.
ansa
3.01
1.-186.
With regard to the gross earnings for December, wo
can not spare the space for any extended separate review
OKOSa AND NET EABNIN08 TO LATEST DATES.
Earnings,
1884.
wrie
Do
Do
any other recent
month, the roads that have improved on their net of a
year ago being in a great majority; and this improvement
for November may fairly be taken as indicative of the
tendency that prevailed at the close of the year.
3,419,8.-13
.
altogether probably a
of
&
2,OI4,'ri4
1,91)4,26!
+3,235,211
+3.779,485
939,154
733,219
41 568,345
41797.581
181.=!.
do
...Texas
mentioned, but also of most
last
&
4.98;t.2a3
5,ii79.n,9
of
Pai^iflc
172.456
10.525
—
only of the two roads
l*<
18-15.
4118,803
39 1.501
1,011,980
1,07 -.^SU
10.574.328
11,855 078
3.366.7 U
lialvesL'n Har.
.V<1.I13
and the Ohio & Mississippi, also have quite heavy gains.
The Pennsylvania, influenced by trunk line conditions, of
course has a poor showing, and the Philadelphia & Read
ing in the coal
cl8<!.123
18i4
Southern
190010
Mexican Central, and the New York &
The Denver & Rio Grande, the Baltimore
Northern Central, the Southern Pacific'
Pacific, the
New England.
& Potomac, the
1,141,241
2 464.1149
Read. Coal & Iron. lM-5.
1*<4.,
do
Wat. & Ogdensb'g 188...
d)
1881..
109..179
dian
3,1^8.148
8.1107,663
6.949
946.324
2.521.6«9
— Do
Do
X
Do
— RomeDo
150.3T3
40.169
as the Cana-
17.88I1.1.V7
18.7li2.vi35
463,1184
185,i-28
t.30.98D
4,4.15,429
4,')52,288
1,0,
.18o5.
do
Philadelphia
Prominently
372,338
18,84.
line* east
Jc Krie)
PhiiMdelphia
....Ph.
considering
1,774.804
1.875.. 75
1,941,2
1884.
.1885.
1831.
.lSo6.
& Wesiern
Pir,r„sburg
quite satisfactory,
is
432,851
a.lnl,170
&
Do
do
Vortnern Centritl
i>0
do
Northern PactHc
Do
do
Ohio & Mississippi
Do
do
....Peau.
diminished, in others they have
been greatly increased, the Union Pacific being conspicuous among the latter. On the whole, however, it may be
188).
Erie
West."•18^3.
do
18-U.
England
.1885.
do
1884.
& Western... .1885.
do
..Norfolk
cases expenses have been
said that the exhibit of net earnings
2.690,384
18,85.
New
..N. Y. 8usq.
5.501,578
8t.Louls.
241,668
331.272
,852,749
do
..S.Y. Lake
..\.Y.
while in some
that
see
&
..Nashv. Chatt.
months ended
the eleven
for
I
8 2. -2, .78
.
In the matter of expenses and net earnings, we have
JSTovember 30, from which
l,180.91ii;34,U19
.
2 1.372
15 4.59 J
868.si'9
Though
that for
December increase, however, is not up to
Novemb3r, the exhibit as a whole is hardly less
the
though the gains are moderate almost the
totals, about the
only exception, besides the St. Paul Minneapolis & Mani-
satisfactory, for
whole body of roads shows improved
'
1
.
Januabt
.
..
.
.
THE CHRONICLE.
16, 188C.
toba and the Wabash, being Southern roads, and here the
holding baciv of cotton by planters and (on certain com-
83
aroi§ Saming$.
Name of road.
1889.
competition, are sufficient causes
panies), the increase of
The Northwestern
for the falling behind.
much
a
district
shows
smaller total of gain than in the previous month,
the increase on the St. I'aul and the Northwest, for
in-
stance, being together only $14:!, 000, against $594,000 in
MiUage.
fnerense or
1885.
Decrease.
1884.
A
Ro<ih«(it<'r
Ht. Joseph
St. I.OUIH
A
A
A
PlltHh..
1
Od.
101, "iUI
Iitl.
St.L. A,.A r.U.m.lioit.
Do do
(liranclie.4>.
St.IxnIs f"t.8.A WIch.
A Han
8t. IxiUtF,
Frihu
1
3,540
26,2 (9
107.763
70.156
56.404
376,864
I'atro.
.
1884
S
»2.».53
HO.6.50
+ 20.587
+ U.6*rt
2i>..430
(•5.16;t
+ 1 2.5
96,1661,453
40,328
352.617
109,859
294
252
leo
195
lai
216
815
225
1.5
+ 8,7..3
+
I
'1,081
+ 21,V47
Pan! A Dnliitli...
126..;97
16,4^8
The grain table further above makes it evi- 81.
St. Paul .Minn. A.Man.
fi85.74l
—+133,645 1.471
8l9,4l!<
A Mt. i.onis
158.350
l'^9,252
+ 13.101
736
dent that though there was some gain to Northwestern Texas
Wah. Ht. Ii<iiii«.t Pao. 1.133,031
— 43. '74 2,:i73
1,176.928
121,504
139,571
-8,067
418
roads on the corn and oats movement during the month, Wiwiousln Central
Total (64 roads) ..'19,883,941 19,JS1.811
there was a loss on the wheat movement (speaking of the
+ 552.13 16,772 15,6»»
Oregon R' way A N» v.
4 3730i)
252,000
+ 23>,900
At
district as a whole) more than sufficient to offset it.
Grand total
'20.:171.Sil 19.583.811
+ 783.03.
the same time there was also a falling off in the live stock
and provisions traffic which previously had been running
This may be seen from the figures
heavier than in 1884.
receipts
at Chicago for December of BATES OF EXCHANGE AT LONDON AND ON LONDON
giving
tne
below,
November.
I
three years.
RKCHIT8
Lire hogs
No.
bbU,
Port
Cut meaU
]b»
18PB.
1884.
188S.
188S.
1KI9.I95
9l»tl,»lll
TSI).4g9
119,2:14
i.flsa
19,185
18,44 1,81!() 83.577,H10
.lbs.!ll,M7.4«
iMir^
With
reference
Maoitobs,
the
to
may be
it
returns
SMpi>«<t.
axOBAHeS
1884.
On-
89.814
50
28.60S|
41.754
20,1.'W
5.B29.«74 76.92 1 ,2!M ,82.77 3.3;)5 60,18(1,068
8.977,<W9 2'j,2H3.40» 81.l»19,!)0()l 18,835,825
decrease on the St.
said
that road had a heavy
that
conditions, for the
line
give evidence of an improved state of aSairs.
of
&
Paul
roads either directly or indirectly
dependent upon trunk
Grand Trunk
l.^0,^68
Quite a feature of the December
the
that
is,
1
y,(J05.618
a year ago.
increase
AT LATEST DATES.
AND SHIPMENTS FROM, CTIICAOO DURING DECEMBER.
AT,
&
Canada and the Alton
first
time
Thus the
Terre Haute
both have small gains, while the Cincinnati Washington &
Baltimore has only a nominal loss.
Some of the roads
have had the benefit of a larger corn traffic as well as
higher rates, and consequently the returns from lines in
the States of Ohio, Indiana and Illinois are pretty generally good.
Following is our usual detailed statement.
Oaogg BABNINas AND MrLEAOE IN UCCEMBER.
A.T
LOlfOON-Dee.
Latest
Aniatordaiu.
Short.
UauiburK
3 muB. 20-5(i
12
oir
Bau.
Deo. 31 Short.
12.08
012-2
920-59
1
Dec. 31 Short.
"
*'
Berlin
Dec. 31
2066 »2059
•*
20-56 920-59
Frankfort...
Ueu 31
•*
"
Vienna
12'75 -c«li'77i9 'Dee. 31
'*
"
12-75 a.i2-n\ DiO 31
Trieste
**
-t
Autwerji
25-4G-.4a.:5oO
Def. 31
•*
8t. Petersb'K
2336a!i;3i4
Dec. HO 3 mos.
Paris
Short. 2o-'i\H9i5-.aM Dec. 31 .Short.
Paris
3 mos. 25-41l4«25-4Hi4
....
*•
Genoa
•25-62Js«25-65
"
Madrid
453^94514
Dec. 30 60 days
Cadiz
453334514
.«
Ualion
5i'8i»51\
"
Alexandria
•*
Coustant'plc
nee. 30 Short.
Bombay
Derii'd
Is. 61, sd.
Deo. 3i' I el. t'rs
H
Calcutta
Is. 6lKd.
Deo. 30
New York... ....
Dec. 3. aodays
Hone Kong. ....
Dec. 30 4 mus.
81ianghal
....
Deo. 30
.
lokdos.
nme.
DaU.
«12-3i9
3 mos. 12-3
Aui8t,erdain
BxoHAfiax
31.
SaU.
Tint.
1
20-37
20'3»
12Hil
25'i'4
.
[From oar own corresiioudeat
2311,,,
25'22>a:
HO 4U
109-75
Is. 5-ila»d.
Is. 5:il32d.
4-85'Si
3s. 4>«d.
48. 7-'8d.
]
London. Saturday, January
Commercial
aflairs
tion during the
week
Gross Earnings.
of Road.
1885.
OUIoaKOdE Alton
Chio.iSt Eastern (11..
just concluded; nor could
GWo.
P.Minn.
St.
AO.
Vicksl)..t Mmi.litD
Viok»l>. Sh.
Pao..
•Cin. Waali.
Bait...
&
&
Cleve. Akron ,feCol.
Denr.
Denv.A
Ktnt
A
Ft.
Lan«V &
Detroit
Evansv.
(>..
.Vo.
Haute
T.
.k
Pere Man:...
Fla. R'y JiNav. Co...
Ik.
Ft. Worth & Deiiv. O.
lOraud Tiniik or Can.
m.
Cent.
(111.
Do
(-So.
Do
(Iowa
Ind. Blo<nu.
&
Kan, C, Ft. S.
Kail. C. 8|>. iSe
Div.)...
Uiv.).
.
liouiHvllle
&
lines)
West..
A Gulf.
Lon^ Inland
Mem
..
L. Sli
Nii.<hv...
A
Wext..
Milwaukee A North..
Mol.lleAOhio
N. Y. City A .Vor.h'n.
Moriolk A Western...
Norihern Piw^lilc
Oliio Southern.
Pemia
Rlcn.
UHe.^vl-^vaagv.
DaiivillB
A
Cliar.C'ol.
,\:
.vuit....
Colnniina
A
Ur'v...
Virslhiii .Mi.lluiirt
W'mx.
*
t
.N'.i
3,,0)u
120.,171
1
I'iO. 811
2.33
.00
>,
100
Iri7, ooo
l.M
!).
AW
9(),
..
(^ir..hoH
38.262
180,000
288,4.M
521, i52
1 18,297
692,711
132,955
2,218,9 48
1,951,740
0-29
115,,.8.
2:<9,0Vi
149.07!'
82, 821
71, 02;
97.T6.'.
7 J, 9iti
lU. 49^
55,560
,
11
34.2:iH
421.3.59
98.83.'
in, l!)9
1.25
0-1
073
2'5,.591
83.141
55.331
171.844
101,983
2'.,684
ft.i4,,4')!)
1.2j3.87b
4M6.8I9
5:iu,,001
.562,ti>6
151,,100
231,,2.">9
18.i,,43>
150.511
107.941
220.763
,
vn,,'•51
,
32 >.B8
87.5-1'
42.69;!
281.K37
21,038
2.13,0
;
—33,191
-14,944
+ 11. Ui
+ 15,:i6i!
-454
,
wtelis.
336
295
lH6
14.
170
281
141
663
88.4
3.1.61
490
8l9
251
4.801
3.813
1.283
413
342
336
•295
196
142
170
281
144
1.317:
1,317
—27,510
368
368
14:s
143
261
+ 4,330
+ 7,514
+ 5.20;
+ 5,189
+ K,21H
+ 7,394
+ 23.197
+67.680
—12.685
+ 559
+6
.31ti
261
146
361
518
144
2.91«
953
711
40 J
53
—135.197
+30.672
+7,23 I
2,015
ii
146
361
Tliere
noticed at the close of the year.
lUi
953
7U
402
532
389
282
351
2,06 5
32
135
+ 11,115
+ 19.9()2
+ ',296
-12.074
+ 11.070
1,236
1,236
52.-
4-0
2i5
-4.021
S03
235
5.'8
54
2,1.91
128
251
528
51
503
2,453
128
254
—21.800
82.673
— S.8U.<
7741
363j
774
361
8.'.0i;i
-5,791
29 li
115.613
+S,546i
35:<|
294
353
3t!.H.M
+2.iniii
274;
274
is
18£6.
any change
efifectual
the usual pause invariably-
Quite a general unanimity of
moment
at least a quieter tone
characterizes all commercial circles.
This
is
especially the
where the depression is somewhat
accentuated by the heavy accumulation of stocks and the
case in the iron trade,
new orders. The wool and cotton trader
much the same.
The year may be said, therefore, to have closed quietly andi
curtailment of
remain
perhaps hardly so well as was expected some two months ago,,
when we were building
so
much on
the American revival*
Apparently the immediate future was over-discounted, and^
we
are
now
experiencing the reaction;
can be shown
why
still
no valid reason,
the reaction should be either severe or
The chances
prolonged.
of
an improving trade are believed
to be increasing rather than diminishing. This week's railway
5(>0
2,918
1611
+ .=.,974
86i!,70.»
61
+ 3,5.^1
128
+7.-.,
IucukI-b tliroo Wee .\» only of Det'Oinber lu each year.
tour
41:-
31-'
+ 13.5'.!1
314,,900
7.-),.llO
:<vi.,.^73
1
47,110
57,05-.
124.,1.1
1,33.)
I
+ ",011
+ 49>
+ 22,999
758.22.1
01,.Ml
7H.,2
u
+ 25.8
38ii
21,425
44, •8:>
3.8 la
2-2
351
59--,477
107,,tflO
+ 27.354
+ 8,19:i
« .iKiiJ
2T2,,.503
3i,,108
22-j,,993
8»l,,-2.i
.^t^,,081
251
4,932
-35.328
28,,d,=>'.l
,,4110
490
849
+ 27.8i9
+ 116.002
-12.3.12
020..14ii
33
3,527
+ 8,574
+7.835
140,2Sii
171.110
1.292. 12T
1,1
+ 191.148
2.M.i2
790
71. 320
28, 421
9j, «55
00, 5s2
177, i'3:<
663
9 lO
62.88-
49ui 4-1-
61
-21,542
9i.63i»
203,09a
2li
+ 11.588
+ 25,00.)
441,190
201. 5^
179,,603
Manhattan KlovaU-d
Mani. Hoiiiih. A On.
Mexican Ontial
Milw.
'26(i.,H09
7
..
ti Ki<> (iraniln
Kio (Jr. West.
•Des .Moines
49..S-iO
2. '5,,000
1
Cblo. A West Mirn....
Oln. Inil. St. L. <SOU..
Cin. N.O. .feTex. Pao.
Alabantii Gt. South.
N. O. & Xiirtli Ewt.
1884
business.
opinion exists that for the
70 510
CUIc. Milw.&8t. Pan!.
Chio<u;o<& !< irtlivTHat.
Increase or
1885
Decrease.
1884.
new
check to
»
BoBt HoosTiin.Jt W..
Buffalo N. Y. & Phil..
Burl. OU.Khii. 61 Ho..
Canadian Pnoitlu
Central [owa
Mileage.
2,
have undergone no appreciable varia-
have been anticipated, as holidays have been an
Same
--1
2-61
traffic
returns
obaadise.
show a more
True,
the gain
is
liberal
not
movement
in
mer-
much, and the comyear, but there must be
is with low totals of last
a beginning, and it is something to know that contraction has
parison
not become more contraf^ted. Statistics show that the failures
announced last year exhibit a gain over 1884 of between 600
and 700, but they were most numerous during the earlier
months, while they included fewer important suspensions
than usual. Anticipations may be falsified by results, but w©
cannot be considered as unduly sanguine in expecting in 1886a steady, though perhaps a slow, improvement in trade.
The more confident tone which prevails on the Stock Exchange
is a fair criterion of the general bent of opi'iim.
The increasein the totals of the Blinkers' Clearing House returns alsoshould not be allowed to pass unnoticed. Low prices should
al~o favor coi;surapiion
but low prices and cheap money;
notwithstanding,
from
duliies j
it is
clear that
we
shall not
and depression to animation and
suddenly spring
prosperity.
:
:
THE CHRONICLE.
84
The money market is for the moment in a fluctuating state,
owing to the time of the year but only the usual influences
are at work, and they may be expected soon to subside. Rates
were distinctly strong in the last days of the year, but have
since eased off a bit, and after the distribution of the
The
dividends on the 6th will, no doubt, go yet lower.
market must, however, ultimately gain in strength, as the
revenue payments will absorb surplus balances and thus give
;
greater command over the outside market. Besides
The
are counting upon an extended trade demand.
changes in the Bank of England weekly return are only
about what are expected at this time of the year. Owing to
the
Bank
we
an increase
by over
in liabilities, deposits having been swollen
£2,000,000, the 'proportion of reserve to liabilities has fallen
[Vol.
XUI,
Tenders have been received by the Bank of England for
bills.
The sum maturmg was £1,195,000,
which was issued in October last at an average rate of £1 3s.
3d, per cent.
So that the present amount represents an
increase of £1,000,000.
The whole sum was allotted in
£3,195,000 Treasury
three months' bills, tenders at £99 4s. 4d. receiving 93
per cent above in full. The average rate was £2 18d. lid,
per cent.
;
The first of the London Bank dividends is announced, and is
unquestionably a disappointment.
The London & West;minster pay at the rate of Q% per cent for the half year, making with the July payment 14;^^ per cent for the year,
carrying forward about £3,000.
This compares with 8
per cent for the second half of 1884, or 16 per cent for
from 43 '08 to 38 '9 per cent. The actual loss in reserve is only the year.
£367,890 and in bullion £80,575. The stock of the latter is now
Avery quiet business has been passing in all kinds of grain.
£20,115,328 and the amount of the former is £11,352,000.
Holiday markets have prevailed throughout. Wheat has been
The rates for money have been as follows :
nominally the same, with good supplies offering and few buyers.
The importations into the United Kingdom have again
Interest aXUywsA
Open market rata.
been liberal, namely, 807,000 cwts., or more than douhle what
tor deposto bu
1
Batik Billt.
Trade Bills.
Xiondon
DtK '* fTjld they were at this time last year. As consumption is nearly
Joint
At 7 to 14 the average, stocks must be accumulating, and such being the
Four
Six
Three
Stock
Ste
1 Three Fov/r
Montlu Months Months Months Month, Months Banks. ValL Days.
case the difficulty of elevating prices is increased. The impem-iH rial average price of wheat continues to recede, the quotation
NOT. 27 3 2"a2>i vm 2«@3M 3 (HSU 1«
Seo, 4 3 8M® - m@ - aw®2«'2«®8 2«a8M;3 @3>,
Hi m-iH for the week ending December
IH
26th being only 308. 2d. per
" 11 3 2«® - 2«® - 2«® -'2HIBS 3 ®3>il3M®S3<
la 1«-19<
1«
This is the lowest price yet reached and it makes the
" 18 4 s>^®- 3M83« 3M® -;S«34 3>«®4 '8^34 25*83
» 8^-3M quarter.
8 8M3M average for the season 30s. lid. against 33s. Id. per quarter
25 4 3 @Sii i S3H 3 @3)i3J634 m^i 3^94 2)^03
" 31 4 3 @8H 3 m% 3 @S><3«94 SJSI34 anm 2ii®3
3 3)i3,M
last year.
Thus far the season has been very unpropitious
Fair
crops
The following return shows the position of the Bank of for the agricultural community.
were
the
quality
and condition were as a
England, the Bank rate of discount, the price of consols, secured and
the
average
thepriceof middling upland cotton and wheat, and the Banker^' rule quite up to
but this
gain has
Clearing House return, compared with the three previous been counteracted by the disappointing prices which have
been realized The market is clearly over-weighted. Stocks
years:
are larger than was expected, and until they have been
1885.
1SS4.
1883.
1882.
Olronlation .excluding
£
£
S
It was thought that the
7-day & other bills.. 24,513.110 25,037,210 25.61ij.870 26,419,700 reduced values cannot recover.
Public deposits
4,001,712
9,104,828
7,900,216
6,2^9,726 trade would have assumed a firmer aspect before this, but up
Other deposits
25.053.105 24,947,551 25,840,336 25,927,6'; 8
(Jovemm't securities. 12,046,949 13,162,619 14,462,491 11,375,807 to the present, anticipations have been falsified by results, and
Other securities
23,427,505 27,304,339 2.''.,557,765 29,115,715
it is discouraging to see that there are still no signs of imKes've of notes & coin 11,352,118 11,408,286 11,570,695
9,634,091
|
m
'•
;
Coin and buUion In
both departments.. 20,115,228 20,695,496 21,437,365 20,353,791
Proport'u of reserve
to liabilities
38-9p. o.
33% p. 0.
3116 p. 0.
29''8 p. 0.
Bankrate
4 p. o.
5 p. 0.
3 P.O.
5 p. 0.
Consols
99 xd. lOmxd.
991a xd.
101 X d..
Eng. wheat, av. price
30s. 2d.
318. 5d.
398. Od.
408. lid.
Mid. Upland cotton..
5584.
4»i8d.
5=84.
S^ifed,
No. 40 mule twist
9d.
9S8d.
9%d.
lOd.
Olear'K-HouBeret'n 106,899,000 92,033,000 144,551,000 143,928,000
provement.
The following return shows the extent of the imports of
United Kingdom during the first
seventeen weeks of the season, the sales of home-grown produce, the average prices realized, and other items compared
cereal produce into the
with
last season:
.
The Bank
and open market rates at th e
now and for the previous three weeks
cpoaTs.
rate of discount
chief Continental cities
have been as follows:
1885.
OWt. 18,956,074
5.264,589
4,114,850
Wheat
Barley
Oats
Peas
;....
Beans
Dec. 81.
Dec. 24.
Dec. 17.
Jtateeof
Interest at
Bank Open Bank Open
RaU. Market Bate. Market
Parts
Berlin
Frankfort.
3
4
3
2)4
SH
3H
3H
Bank
Dec. 10.
Bate. Market. Rate.
3
4
4
4
2H
4
S>((
4
4
Hamburg
Amsterdam
4
3
4
2K
sa
2«
3«
2M
Brussels
4
4
SK
3«
2«
3«
Madrid
Vienna
4
4
6
4
4
4
4
4
4
4
6
4
5®8
i
6
3H
4)i
4«
e
Copenbaeen
4«
& Abell
Messrs. Pixley
bullion
Market
3
4
SM
Petersburg.
0p«n
2H
4
Bt.
Bonk
Open
4
2^i
3«
2M
an
4
4
4
e
4
6
4
3M
Indian
Flour
com
4,295,4,57
1883.
23,872.097
4,55.=>,237
5,111,567
724,111
576.304
3,612,332
5,u64,940
6,''41,348
551,125
941,289
9,272,351
4,900,250
1885.
1884.
1883.
Imports of wheat. CWt.18.956,074 16,202,375 20,899,495
Imports of flour
4,900,2".0
4,295,457
4,933,340
Sales of home-grown. .15,307,677 16,561,851 16,875,100
38,559,208
Total
37,698,066
42,674,845
1882.
23.872,097
5.084,940
14.675,600
43,612,637
home-grown wheat, barley and
the leading markets of England and Wales during the
The extent
of tne sales of
seventeen weeks of the season, together with the average
compared with the previous season, are shown
in the following statement:
first
write as follows on the state of the
market
prices realized,
arrivals since last week, and
open market has been taken for the Continent. The amount
Bauk is £61,000, while £600,000 has been sold, chieflv
^''g ,''.^"™'« are £64,000 from Australia, «-i3,000
K^.^Vu^w^r/'.;,
from the West Indies, «4,000 from Bombay and £98,000 from
Ceitral
*''^*^'**°°- ^"^ Mondeg.. has taken £30,000 1??
the
W^st
on
799,518
1,172.424
8,387,675
1883.
20,«99,495
7,908.106
Supplies available for consumption in seventeen weeks (exclusive of stocks on September 1)
oats in
Gold— There have been some Important
all
1884.
16,202,375
6,856.810
4,037.560
807,005
1,309,759
5,870,627
4.933,810
the,
received by the
1885.
Sales.
ffiesT
"'!'' ".".'j 1'"'® ''*''' *"*
">'' «"*'«'•
a pressing order, rose to 47d., but has
e^Haugea from India. The toners
= r^^H^"?".*,"
slightly
better*^Mthis aft"rnoon, and we quote 4Si5,ed.
There have
Cotopaxi. from Chile; £52 Sob. peTEtruria
p,^^*'*.l./??''"'?lP''i
Elder and Republic, from New York, and £15.000,
per Oiiou and
" ^"'"^ ^"''•'- T^eP-^O. steamer takes £105,000
wTdIa
.4?''^?'"n
1883,
1884.
Av'ge
Price
s.
Sales.
d.
Av'ge
Price
s.
1.067,202 30 11 1.154.639 32
1,787,837 30 4 1,978.306 31
167,895 18 10 189,575ll9
WTieat, qrs
Barley
Av'ga
Sales.
Prtcs
d.
t.
1 1.165.224 40
9 1,787.628 33
3
82,910 19
d.
5
3
8
'
Do"a™-The
Moselle brought about £60,000 but of thl-.
previously disposed of, and to-diy's price
mav be
^"^ ^^ * °- "'«'""«' lias Lke^nTloToo to
th^h!;!!;*.''
''«?,heen
i.^lJ'"^''
;
rs.^aTts^anYchra'.'"*'-
The quotations
for bullion are reported as follows:
».
Bar gold, fine., ot. 77
Bar gold, contaln'g
80 dwt». silver. oz.
Span, doubloons. OS.
B.Aln.dnnhlnAnn.ni'.
IT
9
77 10}^
Dec.
a.
77
London. Standard.
The following shows the quantities of wheat,
afloat to the United Kingdom:
9
77 10)i
d.
Bar silver
o«. 48
Bar sllver.contaln-
15-16
IngSgrs. gold..oi. 47 5-16
Cake
silver
MATlfMin
rtnlR.
os.
.or.
At present.
Dec. 81.
i.
s.
1884.
16,561,851
1883.
16,875,100
flour
and
maize
SILVER.
Dec. 81.
1885.
owt. 15,307,677
Wheat
GOLD.
liOndon Standard.
Converting quarters of wheat into cwts., the totals for the
whole kingdom are estimated as follows:
Wheat
d.
46Ji
Maize
qrs.
167,000
357,000
Last week.
1,625,000
152,000
273,000
Last year.
1.856,000
1^0.000
213,000
EUKllsb Flnaactal ITIarkets— Per
47M
60 9.13
45 B-16
qrs. 1,620.000
Flour.equal to qrs
1884.
1,858,000
236,000
268,000
Cable.
daily closing quotations for securities, &o., at London
are reported bv cable as follows for the week ending Jan. IS:
The
:
.
,
JANUAitr
..
.
THE CHRONICLE.
1886.1
18,
Sat
Jjontton.
Sllvrtr.
Ci
I
i
Fi.-
JTon.
Tuet.
467.„
4e>«
»»ll,gj
I'lney..
ooiiut..
r«
I
467,,
iirtr Its
aiiParl»)rr
U. B. iHiHiir 1891
D.8. 4»of 1907
Oanndlnn P:tuillo
Ou:(t
81'(I2>1|
Hew York Central
9!»l»,ii
99''8
81-50
81-35
•.4»(l
1U><
126
06 '9
I14>s
125)8
lUHi
1259>
C67„
BS>4
20aa
20
143
55 ^H
10'8
109<4
lO^a
lOS'n
fH
40«i„
4H»8
100»1«
67!<i
68 :H
05 >4
26>4
2 ''9
1
1
i
142\
U2ia
54-'8
54%
IO'b
10>9
108 "4
108 >«
T106
coin.
United StiitoH Siih-Treasary.—The following table shows
the r«ceipts arid piiymeiitH .-it the Suij-Treasury in thin city, ••
well as the balances in the same, for each day of the past
<^
r.;.'.'H
week
95 >g
143>4
5538
11
Of the above imports for the week in 1886, $31,196 were
American gold cciinand $6,HII( American silver coin. Of th«
exports during thu same time $3,077 were American silver
100»ifl
8l'42<a
114>s
125>8
12.'. "9
66 '<8
95^
TKurt.
I'lO'lH
lOuij,,
99ir.,B lUUliH
1
81-40
Chlo. Mil. A- St. Paul.... 96 ^H
27 's
Erie, ooMinion stock..,.
tllluols t'ontral
143 >4
Pennaylvunla
PUladelplilHA Readlnx
Wed.
46 >g
100
Balaneeg.
54^
I
•
"
"
U.
12.
18.
14.
faeen orKanlzod
3,121-1110 >f,-»tiriiml
Capital, $.^0,000.
Hiuik of Atihovillo. 8. '0.
A. B. W'.ii-ilUw. l"r.Miilmit; BKHiimlu S- Barnwell, Oaalilor.
I'ortla'ul,
Uiiik.it
Oi-bkou. Capital,
Nattoiiiil
CiiMiiaui-ciiil
3,422—Tho
$IOi).0»0. Uaviil P. riioiiipaon, Pro.ilUout; R. L. DiirUaiu,
Ca.slilor
reutli .Vatioiial
3,423—TU»
Bankof
K. Cuming,
Juliu
Pa.
Capital, $200,Richard H. Rustiton,
Pliilululplila,
Preeiileut;
Cik.iliior.
Bank
of O'Xnlll. Nebraska. Capital, $50,000
Patrick K.iliy. Pio.sliluiit K. .S. Kelly. Ccuhior.
3,42.5—The Niitioiial Bank ot Washinijton. D. C. Capita), $200,000
Edwanl Teiiipln, Prt-siilent; Charles A. .raiua^i. Caahlor.
3,426— TU» l''iri4t Xiiioiial Bank of Detroit, Mliio. Capital, $50,000
Eloii (J. Iliiliiien. Preaideiit; Oren O. Brown. Ca-^hler.
3,427— The Council Bliilt's .Vatloual Bank. Council Bluffs, la. Capital,
Pre»lilent; .T. N. Brown, Caihl'-r.
.-(1100,01)0
8,428—The Fir-<t National B ink ot Lu Verne, Minn. Capital, $jO,000.
Hui-llmt, Cashier.
Kni.s.s,
President:
W.
P.
P. J.
3,429— Till' l.viiu Xailoiial Bank, Lynn, .Mass. Capital, $100,000. John
James
E.
Jenkins. Cashier.
M,i(-'iiair. President;
3.430—The .Merchant's Xational Bank of Vickshurj?, Miss. Capital,
$1(10,000. C. 0. Willis, President; W. S. Joucs, CasUior.
3,431— The flarper Xationil Bank of Harper, Kan. CapUal, $jO,000,
Joseph Muiif?er, President II. C. MunRer, Cashier'.
flMt Vational
;
;
Imports and Exports for THK Wbek,—The imports of las t
week, compared with those of the preceding week, show a
general merchandise.
decrease in both dry goods and
The total imports were |7,330,998, against |9,534,317 the preceding week and $8,631,383, two weeks previous. The exports
for the week ended Jan. 13 amounted .to $5,670,839, against
$6,300,731 last week and $1,765,899 two weeks previous, Th^
following are the imports at New York for the week ending
(for dry goods) Jan. 7, and for the week ending (for genera
merchandise) Jan, 8 also totals since the beginning of the
fltBt week in January:
J
;
FORBION IHPOUTS AT
JVw Week.
TORK.
1884.
1883.
$3,017,170
Qeu'lmer'dise..
NEW
5,707,9.54
1885.
18t6
$2,814,798
6,482,153
$2,668,890
6,105,187
$1,689,324
5,647,674
Total
Since Jan. 1
Goo<la
Oen'l mer'dlse.
t8,755,124
$9,296,951
$8,774,077
$7,336,993
Dry
$3,047,170
5,707,954
$2,814,798
6,482,153
$2,668,890
6,105,187
$1,689,324
5,647,674
Total 1 week..
$,755,124
$9,296,951
$8,774,07':
$7,336 993
In our report of the dry goods trade will be found the im"
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for tb e
week ending January 13, 1886, and from January 1, 1885, to
date:
BXPOBTt FBOU HBW TOSK FOB TBB WBBK
1863.
For the week...
Prev. reported
1885.
1884.
"
*
•
60 13,742,834 60
57 13.774,03:1 40
52 13,816.17.5 30
96 14,143,975 18
05 14,209.384 »•
69 14,390,809 1»
23,597,910 08
Southern M[oryland.--Thi8 road, as projected, was seventyseven mile.s long, to run from Washington, D. C, to Point
Lookout, Md., on the Chesapeake Bay. About twenty miles
Tho mortgage d bt
in the centre of the line have been built.
The road was sold in foreclosure at Philawas $500,000,
delphia, Jan, 13, to Franklin E. Gregory for $75,000.
Mr. Joseph G. Martin of 10 State Street, Boston, h«s juat
issued his annuul pamphlet entitled " Stock FluctuatitMs,"'
which contaiife all the prices of slocks sold in Boston dwAfif
1885, and much information as to banks, insurance companies,
manufactuting companies, railroads, and all securities known
Mr. Martin's publications, issued for
to the Boston market,
many years past, liave become a standard authority among all
parties interested in the Boston prices.
Readers of the Chronicle will be pleased to notice again
the card of Messrs. Harvey Fisk and Sons, bankers, No. 28
Nassau Street. Mr. Fisk, of the old firm of Fisk & Hatch,
lias a very large circle of business friends among bankers in
—
—
all parts
of the country,
and, in addition to their dealings in
Government bonds, the present firm makes a
specialty of
transactions in all classes of investment securities, including,
of course, all the better classes of railroad bonds.
Attention is called to the dividend notice of the Canadian Pacific Railroad among the advertisements in the
—
Chronicle.
Aactiou Sales. The following were sold at auction lately
by Messrs Adrian H. Muller & Son:
—
Shares.
Shares.
77
56
7
27
67
Bankof America. ...170-172
Bankof New York N.B.A.I8413
Merchants' Nat. Bank ...132
15
Bank
of
North America.. IDS
Bonils.
American Kxch. Nat. Bk.132'4
Meirepelitan Gas Light
$1 ,000 W. Y. Cltv 68 Park Imp.
8 Nat. Bk. of tho Kepublio 126i9
10938
146 Phenli Nat. Bank
10 R>-al Est Esoh. & Auction
I03i«
Ro.ra (Limited)
25 Twenty-third St. RR. C0.3OOI4
10 Mutual Gas Light Co.... 140ia
OGermnn Amer. Nat. Bk..ll0>4
10 Daft Electric Light Co... 85
$.'5,000 N. Y. City Gs Central
ll-fAlnb
$2,0n0 N. Y. aty 68 Normal
Co. of BrdOklyn
97
School, due 1891
117*lnl.
346 National B'way Bk..277-277»fl
60 Metropolitan Gas Light
$1,100 B'klyn City 68 Water,
]33i«&lnt.
duo 1902
95
Co. of Brooklyn
^1.
.1
-
•
Ku d,duel''91
1
|
Park Imp Fd., duo '87. 105 & Int
$3,000 Nowaik City, N.J., 78
1'^OSsAlnt
Water,due 1905
$3,000 Roch. City 7s, Water,
142&int.
die 1903
$3,000 Cinoinnati City 78
I17>4itlnt.
Water, due 1895
I..
I
.
^auMiig and ^iaanciaX.
HARVEY FISK & SONS,
18(6.
38
Nassau Street,
New
York,
$8,034,919
$5,670,839
Dealers In United States Government and other desirable
*7 007,203
$6,474,595
$3,031,919
$5,670,832
SECURITIES
FOR INVESTORS.
Qreat Britain
France. ... ...........
$1,300
All stocks
and sold on
Since Jan. 1
$1,300
Q«rmaDv
Mexico
Bonth America
Week.
sui'jeot to draft at siglit.
Coupons, restistered Interest, and dividends, ooUeoted
credit for our customers, without charge.
S9R.357
289 500
14i'80"8
14i!80S
l6',i86
10,186
1886
$1,300
152,2'»
1,500
$1,300
152.225
1,500
»537,«51
252,314
$.537,851
2»l6.^07
10,451
24,233
*
9
»S52,oro
13,800
Oerman,
Wert Indies
1,800
Hezlco
Bonth America
All other conn tries
2,62'7
J'l'!
7,000
NOUTHERN
To the Bondholders
1,0.50
8',219
8',2r9
$506,277
384,162
$8,219
5,390
508,.524
35.;<70
8S.219
25.9'M
83 126
. .
$370,227
329,162
249,271
LANS GRAN'T.
and StockholiUri of
Hit
J
'
\orlhern Paeiflc Railroad
:
that Commissioner Sparks, of the General Ijind
has rendered a deil.slon to the effect that this company has no
grant of lands for Its road between the Columbia River and Puget
Sound.
There Is no fonndatloo In law or reason for snoh decision. Appeal will
at once be taken to the Secretary of the Interior, and. If necessary, the
company will resort to tho couits to maintain its rights. Neither you
nor purchasers of ihe lands of this company need entertain the slightest
ROBERT HARRIS, President.
apprehension as to the result.
Offli-e,
1,800
P.ICIFIC
NoRTiiEKN Pacific Railkoad Compant,
President's Office, New York, Jan. 12, 1886.
It l8 publicly elated
13,(500
Eqnitable.
$3,000,000.
Co 'H pa HI/
aUver.
Sreat Britain
France
and placed to
The Eqnitanle Life Assurance Society of .Vew York has closed its
books with $96,000,000 of new business written in 1835. This la
$10,000,000 m>re lian was written bv the i-ciuitable la 1884 and
$ 10 lO.OuO more than has been written by any other company In a
single year. Its assets have Increased about $7,000,000 and surplus
All other countries. .
Total 1885
Total 1884
York Stock Exchange bought
Enormous Baslneso of tUe
,S'(»ceJ«)i.l.
289,000
« 96,357
and bonds listed ou the IS'ew
coniniisi^ion for cash.
Deposit accounts received and Interest allowed on monthly balance*
Import*.
Sxportt.
.^
.-.
$6,474,595
Week.
Total 1886
Total 1885
Total 1884
'8,434,786 20 100,<I09,668
3,:i3(i,883 40 160,285,763
1,046,995 12 100,502 017
1,713,370 62 l(;ii,73!»,HO
1,537,970 D9 160,082,633
7,527,403 75 153,920,826
$7,007,203
The following table shows the exports and imports of specif
at the port of New York for the week ending Jan. 9, an<i
since Jan. 1, 1886, and for the corresponding periods in
1865 and 1884:
ZPOBTS AND mPOB-rS OP SPSOin AT NBW TOBK.
Ti»tal
62
Outrtneir.
9
Includes $7,34 1,000 itlver certlHoaCes seat to Washington,
.
Total 1 week...
43
07
97
91
86
9,551,311 89
TMri...
Coin.
»
719,905
2,721,177
1,415,990
2,213,463
891,052
1,556,061
9.
Jan,
"
Dry Ooods
Pajpnentt.
Seeeiptt.
itai*.
10%
106%
J^ATiONAL Bajiks.— The following natiO?»&l banks havo lataly
000.
:
25''g
113
CiPommcvcial nrxA Uttscellaneous illeios
3,421— Tho
85
.
:
THE CHRONICLE.
8(5
[Vol.
XLIL
New
rates of domestic exchange on
at the under-mentioned cities to-day: Savannah, buying i premium; selling i premium; Charleston, Duying 3-lC@i
premium; Boston, par; New Orleans,
premium; selling par
commeroial, 75@$1 00 discount ; bank, $1 25 premium; St,
The following were the
York
DIVIDKNDS.
@i
ThB following dlvlilearts Uave recently been annoanoeil
Per
iOent.
Same of Company.
Railroads.
7-^c.
Kntland, i.ref
Terre Haute & Irdlaiiapolls..
Wilniintton Col. & Augusta..
&
3
3
4
Weld^m
Insurance.
Continental
5
3i«
On dem.
5
Home
Plipuix (Broolflyn)
Standard Fire
Williamslinrff CiiyFira
10
On dem.
4
On dem.
Mlscfllaneous.
Fidelity
&
Caaualty Co
i
Feh.
Feb.
Jan.
Jan.
On dem.
On deni.
On dein.
On dem
4
31s
American Fire
Boolcs Olotea,
(Day a
inclusire.)
Jan. 26 to Feb. 17
Jan. 21 to
1 to
Jan.
Feb.
Canadian Pacitle
Wilmington
When
Payable.
Lotus, 90
The
premium; Chicago, 70 premium.
rates of leading bankers are as follows
January
15.
—
:
Sixty Days.
Demand.
18719
4 90
E*rimebanker8'8terllng bUls on London.
Prime ooramerolal
,
Dootunentary commeroial
4
85^14
8fi'4
1
9^
84
S5I9
Parle (franca)
(guilders)
5 iS^9c> 17 li
40oj„ffJO39
Amsterdam
Frankfort or Bremen (relohmarkg)
5 1558»3 15
4O!fla400i()
396%
96
95»fi.(>9558
—
United States Bonds. Government bonds have had a very
quiet and featureless market, and prices are but little changed.
The closing prices at the N. Y. Board have t>eea as follows:
WALrL, STREKT, FKIDA Y, Jan. 15-5 P. M.
The Money Market and rinanclal Situation.— The past
-week has been very quiet iu commercial circles and at the
Stock Exchange. The great storm which prevailed throughout the country, together with the intense cold, checked busi-
ness operations very greatly for a few days, particularly at the
South, where such freezing weather was almost unknown, and
had the efiect of paralyzing out-door movements during its continuance.
The public advertisement of the Baltimore & Ohio Railroad,
giving notice of a cut of |5 on passenger rates to Chicago, has
been the principal event of the week bearing directly on the
uneasiness that so
stock market, and there is naturally
prominent a company as the Baltimore & Ohio should be
takin"- an open stand in opposition to the other trunk lines.
It certiinly seems as if the difhciilty between the Baltimore &
Ohio and the Pennsylvania Railroad might be amicably settled
by arbitration, and it is to be hoped that this will be the
outcome of the present attitude of "unpleasantness" between
these companies.
The exports of domestic products are not yet progressing as
they should, and a turn of the tide in this direction would be
hailed as a sign of coming improvement by the sale of our
Cotton is a necessity for Europe, and sooner or
crops abroad.
later she will take our surplus; while as to wheat, corn, cattle
and provisions, the most substantial fact is indisputable that
we have a superabundant supply on hand, and even with low
prices prevailing we are iu a vastly better position than if there
was a scarcity. Heavy crops at moderate prices, in times of
mmh
commercial depression, make cheap food and clothing, and
place all things in excellent shape for a quick improvement as
soon as the first signs come of a renewed demand for consump-
Interest
Jan.
Jan.
Jttn.
Jan.
Periods.
9.
11.
12.
13.
..reg.Q.-Mar. *lT2^ 11258 ni258*ll2»a •112i«
.oonp Cj.-Mar. 'ifi58>n2»i. *. 1258*11258 '1121.^
•123
lv!3i4l 123i4'l23H
..reg. Q.-Jan. *123
48,1907
ooHp. Q.-Jftn. I23I4 12314 •I23I9 '12314*12314
48,1907
lOll^l'iOlSB 101%
38, option U.S. ...reg. 0.-Feb. 101^
6's,our'oy, '95. ...reg. .f. & J. '125I^'•125^ -12519 *1251<! '125
69,onr'oy, '96. ...reg. J. & J. «;2T\*1273i M2 14 * 127^1*127
nom
.
Jan.
15.
14.
41.8,1891
41*8,1891
*ll2i«
•I12i«
•12314
I2314
10138
'125i«
•127^
'129^*12911 128isl*129!(, n-^!* •129=11
J *133 1*133 M32%MS2%*133 •133
I35I4
J. •135 l«134% •13414 i'13134 •135
* This Is the price hid at tlie morning ooard: no sale, wak maoe.
State and Kailroad Bonds. State bonds have been quite
active, the total sales being as follows: $285,300 North Curolina special bonds at 8|@9; $9,000 do. 6s, 1919, at 115^-6^;
$1,000 do. consol 4s, at 88i; $45,000 Virginia 6s deferred at
131-1; $15i000 do. trust receipts at 13i; $105,000 South Carolina 6s, non-fundable, at 5J-6|; $13,000 do. Brown consols at
107i-8i; $3,000 Missouri 6s, 1888, at 105; $1,000 do., 1887,
at 103i; $21,000 Tennessee 6s old at 52i-53; $2,000 Louisian
stampid 43 at 73f.
Riilroad bonds have been pretty active all the week, but
irregular as to prices, some of the higher-priced issues being
quite strong, while many of the more active and lower-priced
bonds have declined. Erie 2ds and West Shore 4s have been
weak, in sympathy with the trunk line shares.
The closing prices and range of a few leading bonds are annexed.
69, onr'oy, '97. ...reg. J.
6i,onr'oy, '98. ...reg. J.
es.our'oy. '99. . .reg. J.
&
&
A
J.
—
Closing.
Kame
Jan.
S.
Y. L.
E.& Wist.,2d
Pacitle let
Do
do
ci
mp.
2(1
fis
coup., 6s..
& Kio Gr. con. 78. tr. rec'ts.
Denver & Rio (Jr. West. Ist 6a
Ailiinilc & facifii-, in.-omes..
N. Y. Chic. & St. Louis 1st 6s.
8.
since Jan. 1, '86.
Lowext.
Jan. 15
93 !«
9^^^
10-'^
86=8
lii/ift
112
93
111?1
consol. 6s
West Shore, guar., 49
North
Range
of Bond,
92%
90
r>(n.
tion.
Jan.
7.ii4
90 la Jan
102 1« Jan.
84% Jan.
11 'i Jan.
9214 Ian.
.
88
74
.lau.
Jan.
Highest.
9li6
.Ian.
104
Jan.
87% Jan.
112 Jan.
93i<3 Jan.
92 'rt Jan.
78 14 Jan.
26>4 Jan.
25 1«
2558
..
241s Jan.
Railroad earnings for the full year 1885 will be found on
96 Jan
99 Jan
9612
..
96?i
another page 65 roads reporting in December show a gross
36I9 Jan.
37"8 Jaa.
3?
Texas & Pac, inc. and lil. gr. 7s
"491,5
50 14 Jan.
increase of $819,638, and for the year 1885 the 61 roads re45 "s Jan
Do do Kiite. Os, coup, ofl" 47%
lOi-'8
IO6I4
Jan
Jan.
104
Island,
1st
108
&Gi-and
6s...
Jo.
St.
decrease
in
gross
earcings
of
only
porting show a
$131,339.
61i« Jan.
5514 Ian.
do
2(1 income ..
61
The open market rates for call loans during the week on St. LDo& San Fran. gen. M. lis... 100
Jan. 101 13 Jan.
i'0613 HO
oTia Jan.
51
Jan
53
stock and bond collaterals have ranaed at 1^@3 per cent, and N. 0. Vac, iBt 6s, ciHuion off.
Prime commercial paper is quoted
to-day at li@2 per cent
Railroad and Miscellaneous Stocks.— The stock market
at 3J@5 per cent.
was dull and featureless on last Saturday, the 9th, and prices
The Bank of England weekly statement on Thursday.showcd did not change much, but on Monday they opened weak and
again in specie of £520,341, and the percentage of reserve to lower, in consequence of the advei-tised cut of .$5 in passenger
against 33^ last week; the discount
liabilities was 36^,
rates to Western points by the Baltimore & Ohio Railroad.
The Bank of France This naturally caused an unsettled feeling to |)revail, as it was
rate remains unchanged at 4 per cent.
francs
in
gold
and
lost 7,942,000
3,894,000 francs in silver. feared that it would liave the effect of demoralizing rates and
The New York Clearing House banks, iu their statement of disrupting the pool, the reorganization and maintenance of
showed an increase in surplus reserve of $4,060,925, which had gone so far toward restoring conlidpnce and advanc•Tan. 9,
the total surplus being $28,350,400, against $24,389,475 the
ing prices iu the stock market. It is not certain that the effect
previous week.
of the cut ou other roads has yet been very great, howevei', and
The following table shows the changes from the previous there are no evidences that it will cause a gener.il demoralizaweek and a comuarison with the two preceding years in the tion. It is a good indication of the uu'ler-current of confidence
averages of the New York Clearing House banks.
which exists that jirices declined no more than they did, and
the market has shown some fair reactionary force since the first
1886
Di(fer'nces fr'r^\
1885
1884.
Jan. 9.
Previous ^eek.\ Jan. 10
break took place, though the general course of prices has been
Jan. 12.
;
'
r..
Loans and dis. $339,873,700 Dec.
Legal reserve
Reai-rve held
»36.100$29fi,153.«on $329,^07 201
3.36 ,000
95,177.000
68.070,200
9.8 S4. 801
125.1100
ll,-.!«2.6i0
14,658.3
38 l,:i97.600 Inc. «.4<-',3U0 319.2 17.300 338. '53,7011
31,117,70 Inc. 2.J09.500
39,779,200
30614,8
$95,849,100 IilO..»l,609,57.i *87,'?H.a25 $8 4,5<i:i.925
12l.iaj,S0i Inc. 5,6;0„500 134,9 ,6,200
9-i,715,0..o
S
*28.
9 ',082.100
6v>ecie
Circulation
..
NetdeiM>Mitft..
Legal tenders
irpluB.
<.'i0.400
Exchange.— Very
Iiic
1)00.
Inc.*l.060,n2i
$I7.«44.".''
*14 Kil..>75
business has been done in sterling
exchange this week, the market remaining; dull but (inn, as
commercial liills are still in sm lU supply. 'The posted rate for
60-day bills was advanced on Wednesday half a cent, to 4 87|,
but sight bills remain unchanged at "4 90.
Messrs. Brown
Bros. & Co. enjrnged $500,000 gold for shipment to morrow,
which makes $018,000 shipped tor the week.
To-day the rates on actual business were as follows, viz:
Bankers' (iO days' sterling, 4 K6J@4 87; deinanil, 4
«9i(s4 S9J
(;»bles, 4 89J.a4 90. Cominerciai bills were 4 85@4
Con«5J.
„tinental biil.s «cre:
Francs, 5 17^ and 5 15 r.-i.-hiu.ffk- 951
@05| sad OCcaUOi guilders, 40i®40 7-16 and 40|@40 11-10.
little
;
;
downward.
Other bear rumors have prevailed also whicli have had some
on other than the trunk line stocks, such as that relating
to concei^sions in coal prices accompanied by a bear raid against
the coal shares, which made Delaware & Iludson and Lackawanna very weak at times. The grangers have been somewhat
affected by the storms in the West, which interrupt tratfic ami
effect
increase operating expenses.
The Northern Pacifies were slightly depressed by the decision
of Commissioner Sparks in regard to certain lanils granted the
company on its Cascade Division, but President Il.inis announces that no apprehension need be felt, as the decision is
not well founded, and the case will be appealed, and carried
to the U. S. Supi-eme Court if necessary.
To-day (Friday) the weakness was continued and prices generally declined, many goinar to the lowest for the yi-ar so fir.
Tne report from Ilarrisburg that Judge Simontou had continued the injunction in the South Pennsylvania suit, and the
withdrawal of half a million dollars gold
morrow were used against the market,
for
shipment
to-
.
January
,
.
THE CHRONICLE.
18S6.j
16,
JANUARY
TOKK STOCK EXCHANGE PRICES FOR WEEK ENDING
NE>r
B7
AMD SINCE
Ift,
HIGHEST AND LOWEST PRICES.
STOCKS.
HU.
Active
I'luiilc
el's
4i:>s
Central of N<w Jersey
Ceatrsl I'luitlo
OtieaHjKMiko
Do
Do
ChlPiijto
dc
43>a
42^8
Ohio
'
lilt
prof.
,,
2ilpi-et...
*
iQulncy
prof
r>o
A NorthwoBtem..
Chicago
Do
CliloiiK"
04
O.-i
41'8
44>a
40:'9
41>4
43 >s
43
423g
42 •<8
13
•12
201a
20 >s
2i
21
14>4
14VJ
Do
..
lOS^a
pref
i:)(lia
UmU & PlttsDnrjt
I)o
Clevtlanil Oil.Cin. A
A
0»i
P'ff
Imliaimp.
Delaware atkawanna A Wool
Denver A Itiii Oranilc
•32
3!)>3
10;l
5(i%
121^
I
l>o
12i»
liin
pruf.
Cblcaico St. Paul Mlun.
nt paid.
A».so.s.'<nn
94!|j!
A Uu
•35
40
140
111
Illlnolg Ceuiral
121
21
SI.)
I
21
*8ia
8>2l
•33
38
140's 140'i>
25% 27
Lake Eric A Wtwt.rn
Lake Slinrc A Mioli. Soutlieru.
17>4
87"4
I714
lOij
8S
80 '6 87 14
83 's
83
Hemnhis A
A
Do
21
•49
pref.
A Ohio
Nash v.GIiati anooga *St. i-oilie
New York Central A Ilndsuu.
New Vork Chic. A St. Luuis.
Do
prt't
New York Lake Erie A Wost'n.
pref
.
7 '2
2018
.
pref.
A
Western
Do
pret
Northern Paciflc
Do
pref
A
Iteading
Lotds
A
59=0
005s
35
4014
12
191s 201s
13
141
137
I
71-M
20 '8
31%
7%
20%
•28I4
29
27'h 28
59%
GOI4
21
24%
9I"
140%
14058
20
2013
1013
10
SH'a 80'8
83
83
42 13 4313
130%
138
92 le 93 14 91%
•8
121% 121 13 122
108% loo's 107%
135 130
1271412713
•13
15
15
•32
35
3i
38
38% 37
lOlij 102
102
136
128
53%
Pacitlc...
pref
I7I3
18
18
32% 33 13
2113
21 %l
913
Oregon Improvement Co
Oregon Railway A Nar. Co...
134
'•458
74%
Western Union Telegrapli
KxpresM Stocks.
41% 42%
41 '8 43
38
38
•30
120
3113
71'8
72%
12013 12014 12058
34 13
72 13
73'a
21
21
20
20
*49
49% 48% 49 14
30'8 31%
305s 31
113 114'8 IIII9 113
•713
20
8
20%
7I3
IS's
7I3
19%
28% 20
27% 28
59% OO'f
28
28
2078
5858
2713
23% 24
23
II3
59 14
1»8
•I7I2
ISia
•I713
23=8
18»s
1491314913
IO2I3 IO2I3
0413 0413
119
122
United States
WeUs, KaiKo ACo
Inactive Stocks.
A Paeillc
Boston A ^. Y. Air-l.iiie, pref
Burllngion Ccd. llapid.-t A No
Canton Co
Cedar Falls A .Minnesota
9%
4SI4
31
3278
2058
33%
3118
32%
21
20
2013
7'8
14
19
•10
2714
26^4
58 14
1%
23%
•17
31
7%
19
11
28
27%
5978
li..i
24'4
18
32%
2114
21%
2118
21
34
35
34
.34%
24% 24%
9378
91% 93%
*145
103%i*102
6314
04%
•es
•iig
30
82% 82%
34% 36%
4V
101
9%
971;
00
75
57
SOI---
501..:
141,
13%
I3I1
146%
146ii
•9%
93
155
104
65
124
9%
98%
59" "59%
32
32
•93
53%
53% 53%
Morris A lis.sex
I3214I3214
New -York Lack. A Western.
10113101%
Sew Y'ork .New Haven A- Hart.i
145
145
144
IO214 102%
101
02% 6g
144
103
64
122
140
120
122
64
122
140
140
140
9%
914
»58
5&%
93
52
30'4
59%
59'4
31
93
17% 17%
52%
102"
j
205
•7%
Eeni«elaer A Sirnto^ra
St. Louig Altini ATerre Uauti\
•7%
8
26
•24
•42% "44%
•89
pref.
Scioto Valley
Virginia M.illiiiid
141% 141%
43
89
92
•7'4
8
26 14
43
89
•24
;
8
20 14
-
-
"le'l
I
n4%i5%i
I
1
These are he prices bid and asked
I
;
42% Jiin
40% Jan.
1,772
9001 12
Jan.
450 19% Jan,
OSUJnn. 14
5
4314 Jan. 5
45% Jan. 11
'A
14 Jan.
I314 .Ian.
8
21% Jau. U
15 Jan. 2
.143 Jau. 1115,140 Jan. 5
141 96% Jan.
2
15124% Jan. 5
44
13 J n
141 141
205I140 Jan.
130% 137% 4,802 136% Jan.
91% 93% 27.'-,,6.50' 91%. Ian
121 122
3,022 121 Jan
106% 107% 90,769 106% Jan. 14 110% .Ian.
136 136
305 136 Jan. 13,137% Jau.
12758 12778
1,074 1 27% Jan.
14 130% .Ian.
"
•13
15 '4 Jan.
400 14 Jan
15
•32
35
34 Jan
35% Inn.
3714 38
15,275 37 Jan .. 41%Jnn.
100% 101
1,840 100%.Jnn 15 10478 Jan.
52 14 .54%
4,830 52% .Ian. 14 60 Jan.
lls%121%:325,782 118% Jan. 15 125% Jan.
17
17
510 17 Jan. 151 20% Jan.
23
23
200 23 Jan. 15 20 Jan.
514
3
5 Jan 14
4,135
0% Jan.
»
4,780
H%Jan.
8% Jan.
87e
68 Jan.
70 Jan.
200 21 Jan.
23 Jan.
914
40
8% Jan. 9' 10 Jan.
34 Jan.
36 Jau.
821 139% Jan. 4141 Jau.
2434 20
10,624! 24 Jan. 14: 2878 .Ian.
15% I6I4 4,725 15% .Ian 15i 18% Jan.
83% 85% 295,768 83% Jan. 15; 89 14 .Ian.
82I3
82
1,572 81
Jan 2| 84i4J»n.
41% 42 14 35,005 41% Jan. 15| 4579 Jan.
209 37% Jim. 8l 38 Jau.
120% 120% 3,761; 120 Jan. 2121 Jan.
400l 34%J»n. 13i 38% Jan.
71
72
3,000 71 Jan. 15 70% Jan.
•20
310 20 Jan. 13l 22>4.lan.
400 48i4Jan. 14; 51% Jan.
30% 31% 53,622] 30 Jan. --, 32'4Jan.
110% 11218 12,510'll0% Jan 15 114% laH
100 15'8Jan. 11; 17 Jan.
1,900 40 Jan. 2; ,50 Jan.
48% 48'c
10213104% 89,137 102% Jan. 15!l07 Jan.
1,692
8% 9
8% Jan. 14i 10 Jan.
1,.")25
18% 19
18% Jan. 15! 23 Jan.
2414 25% 175,515 24% Jan. 14! 27% Jan.
52% 52%! I.'JIO 52%. Inn. o; 58 Jan.
37% 38% 7,510 36'4Jan. ill 39% Jan.
19% 19%' 4,0.54 19% Jan '*! 21% Jan.
714
'8 Jan. 14!
7'4l
1,197
8%. Ian.
19 14 19%
4,013 1878 Jan. 13i 22% Jan.
•10
III4 Jau.
25 10 Jan.
11
27
710 27 Jan. 15 3014 Jan.
27
27 14
27
-- 29 Jan.
6,140 2034 Jan. 14!
58% 59% 97,151 58 '4 Jan. 14! 01 78.1 an.
1% 1% 1,000 1 % Jan. 81 l%Jan.
1,700 23 Jan.
25% Jan.
750 17% Jan.
19 Jan.
•23
26
25 Jan.
2.5% Jan.
3II4 32I4 27,014 31 Jan.
34% Jan.
20
20% 1,540 20 Jan.
22% Ian.
20
21
8,100 20 Jan.
22% Jan.
325 82% Jau.
82% 82%
82% Jan.
35% 3714 8,255 34 Ian.
3714 .Ian.
41»
4% Jan.
4% Inn.
•21
610 20 Jan.
2358 Jau.
22%
45% 46% 2,420 45% Jan.
48% Jan.
102% 102% 1.826| 98% Jan 4101 Jan.
39% 39%| 1,215 39 Jan. 4 42% Jan.
103
428 102 Jan. 2 104 '4 Jan.
4,J500 110
110 110%
Jan. 13115 Jan.
8' 14% Jan.
I214 12%! 18,144 10% Jan.
52
69,735
52% 53%
'8 Jan 13; 56% Jau.
10
10% 3,700 10 Jan. 15! 12% Jan.
400 19 Jan. 15j 2258 Jan.
19
19
1378
1,369
j
I
!
.
I
144
144
101% 103
63% 63%
119
30
9
122%
30
9%
70
60
no sa
3014
31%
95
96
30%
3II4
53" "53"' 5278 5278
133% 133% 134 134
101
i'02"
"7
1013s
42% 42%
160
43
90
•89
90
e
"2
22
11
11
'11
was made
12%
141% 141%
•7
8
25% 25%
9
(lal
12
13'e
209
.
•23
9%
'76'" "76'
I
I
12
•19% 21
«27g Jan.
391% Jan
Highest.
2
7
4
5
5
5
5
2
2
7
2
2
6
2
a
9
5
4
8
4
11
4
4
4
4
2
11
5
7
4
5
.5
7
7
5
4
2
2
4
2
2
2
2
4
5
5
6
414
15
7
7
7
7
6
5
4
24
92
28
28
103% 105
54
. .
pref....
42% 43%
40% 41
12,655
8.045
18,280
18S6.
IOOI4
8058
90I4
32
96
i
Pkttbiirg Ft. \V. .V hicago....;
Quicksilver .MluingCo
6714
4014
21
32
.53
24
24%
100% 101
30
9%
9%
llo.khiii VhI. a To;
nilnnis Cent , leased line stock'
Mduhailan Beach Co
Mil. Lake 8li..i-e A West., pref.'
24%
(Sh'ren)
1,
24% 23% 23% 2,900 23%J,ai. 15| 25% Jan.
100% 10058 10959 3,587 98% Jan. 2 103 Jan.
91% 88I4 91% 33,082; 88 14 .Ian. 15 97i4Jaii.
28
28
455I 27% .Ian II 29% Jan.
27% 27%
104% 106
105% 100
103% lO.i
i04% ib5% 6,214! 103% Jan. 13 108 '4 Jau.
64% 6478' 02% 64% 6214 63% 60% 03% 70,009 OO'aJau. 15! 07 Jan.
041b 0478
134% 131% 133% 133% 134 134
134 134
133 134
1,330 133% Jau. 2] 135% Jan.
74% 75%: 74% 75% 73I4 74% 7278 74
7258 7414 135,119 72% Jan. 2I 7578 Jau.
103
Columbus
1
...
3453
97I3
14
21
Oenihtl Iowa
Cleveland A i'ittstimg
*
30
20%
92%
Albany Ji .Su-iiueiiuuila
American Di-lrie.t Telegraph
Atlantic
Ijevr Central Co.«l
•20
48I4
71%
34
21
2413
OS's!
Alams
I
71'4
•20%
21% 30% 21
21
101% 102% 101
I34I3
7578
American
Camcron
913
64
39<i«
Lowest.
,
85
35I3I
PacltleMall
Pullman Palace Car Co
D'
.55
26
2413
24
1021a 10278
9278 9356
28 14 28 '4
loo's 10058
i
52%
122I4 119'4l21i4
I8I3
241a
6i8
5
5%
8i«
8%
69I3
I
Colorado C<pal A Iron
Cooaolidated tias Co
Delaware A Hiulsnn Canal...
•
1413
1411s
137'4
9313
I39I2 13978 13978 1397g
2578
24% 26% 24
10
ICa 1576 lti%
SSig 8658
84
85%
8278 83
821s 821a
120'8
li*
1=8
ntacellancoDii Stoeks.
American Tel. A Cable Co
D.)
12
19% 20
14
140
13
141
41%
•3
4I2'
•3
4% "3
4%
22I3 22 13
•22
2258 2258
20
23
21
21% 21
47I3
*47
4778 47'8; 47
48
40% 47
45% 47
103 13 1031a 103 103
102 % 103% 103 104
103 103
4014 40%
40
40% 39% 3978 •39% 41
aa^ 39%
102
104^8
102 102%
104 104
110 111
110% Ill's! 110i4ltl'a 111 111
110 110%
11'4 12%:
12
12% 12
12% 11% 12% 12
12%
5358 5414. 53 '8 54
53 la 54
52% 5379 5216 53 14
11
11581
II
11
10% lO's 10% 10% 10% 10%
•20
•19
21
20% 20% •20
20 la 20
20
19%
4
St.
2sl4(
•30
Paeillo
Pacillc
Do
28
•ao-^s
Paul Mlnneap. A Manitoba.
Wabash
2876
2II3
Do
pref
Do
Ist pref
PaUlA Duluth
Do
pref
Texa«
Union
20%;
10
33 '8
;
St.
7>2;
10
17'a
•24
Kiohnioud A Danville.
Eichm'd A West fnt Terminal
Koohester A PittsDuri;
St. Louis A San Francisco
8t.
731a
22
51
30-18
28-'8
IV
Ohio Central
Ohio A Mississippi
Ohio Southern
Oregon .Slio It Uue
Oregon A I'rans-i onilnental..
Peoria Decatur Kvansvtlle
Philadelphia
4I5h
12
44
i
New Y'ork A New England
New York Ontario A We.stem.
New York Siif<ti. A Western.
Do
43
I13i<j 112
111
114%
110% 112%
14I3 161s •14% 10%
•14
1518 IS's •1413
ir.'j
•47
48
48
48
48
48
48
48
48
48
'4I
'3
14
loo's ioa'4 lOl'a 10556 1045s 105% 10358 10518 103'4 104%
•8%
9
9
9
9
8% 9
O's'
20^-58
•20
20
20
21
20
20
20
20
21
25 '4 2Uie 25 '4 25% 24=8 2558 24% 25%
2ti'4 20»8;
54 '4 5414
53 13 55
55
55% 5(J'-2| 54
37 12 38ijl 375(1 38'8
36 14 38 '4
37'a 37%
307b 37»3
19 13 20'2l 2018 20%
20 »4 20%
19% 19% 19% 19%
Mi.Moiiri Pat'ilio
Do
•20
•48
21
50 »s
30% 31%
Missouri Kansas AT«xa.s
Norfolk
72%
72% 72%
68I4
39% 40%
3H
(
'tiiiilfstou
Mioliijjan (.'ontral
Mlnni>aix)li.s
St. Louis
Mobile
17'8
•34
43''8 4438
4258 4358
•37
3712 37'2| 38
38
12014 120Sb 120 120'4 120
Loui.HVilli' A Na.<UviUc
Loul». Ni'.w Alb. A Chicago...
Hauhattan Klfvati'd, coiiauL.
93 5h
67
21
27I3
Luuji; liiland
42I9
13
21>i
13814 138 "4
274
Indiana
44:it
S6>4
40%
Week
Friday,
Jan. 13.
188«.
1,
Range slooe Jan.
SiOes
of tbe
Thursday,
Jan. 14.
42 's
122
109
>a
A West'u
tiliM>niin'.:t'n
40'4
'
Orceii Hay Wiimna ASt. Paul.
Houston A Ti-xas (.kiutral
pret.
05%
41>8
j
5»8
9>a
*os
21
Do
('..>>a
14
92 '8
Jan. 13.
I
Eransvllle A Tirre Haute ....
Fort Wi'rtli A Douvercity
EA«t IVnni-ssou Va.
14
94
03
40=8
44)4
42^8
•12
*19
I'J.
Wednesday,
12113 12:
121%
10818 10358 107
ion's! 10H:I8
13l>^ l3U''e 130
137
130
137
12818 128 '4 128
12!t'3' 12'J
129
•13
14
14
14
14
14»6l
•32
•32
3.>
35
38
40'4
HS^e 39'8
37»8
'8 39%
102 'a 101'4
103
103 14 102
103
52I3 54
.'57
54
.'JS's
525a
121% 123% 119'8
122^1 121^123
ISia la's
19
19
ISia
2413
5O8
5'4
5%
5%
5%
5>s
914
908
n»8
9
9>a
91s
•68
*68
70
70
OS's •68
122
i
Bock Island A PaclNc.
CWcttKo at.
!»1
I'-'a
13 '4
14
14
143 143
13(H2 139
i'rtlV'i i'3V>>a
CUIoasoMllwiiukce ASt. P.ml.
01^
«.')
Alton
ClilcnKO BurliuKton
Jan.
Jan. 11.
Stocks.
CiiuiiilB Similiirn
Canmlinii
Monday,
Saturday,
Jan. i>.
Tuesday,
JAN.
•
III4
at the Board.
•24
8
26 14
•7
8
•24
20
42
42
ItiO
43
43
43
•85
9
i
9%
-10
12
11%I
9%
14
9%
9%
"14"
14"
211 144
150
483
10:.'
62%
10 120
283 140
200 30
9
159 9714
0.'.
70
1,0011 S3
450 13
100 21
7,10U
Jan.
Jau.
14149% Jan
.Ian.
13
2 104
9
4
Jau.
122%
Jan.
Jau.
Jan.
Jan.
Jan.
Jau.
140
30
J»n.
Jan.
4
9% Jan.
5
65
8
6
4
98% J.iu. 12
Jan
Jan.
Jan.
Jan.
1!
Jau
9:
,1
Jau
Jiin.
7
14
I414 Jan.
9
22% Jan.
5
75
60
Jan. 4
Jan. 5
Jan. 14
20' 17% Jan. i:!| 2014 Jau.
7
1,420; 52
Jan. 131 .53% Jau. 11
246 132 '4 Jen. 9il3o Jan. 6
840 101 Jan. 2 102 Jau. 2
25 201% Jau. 21206 Jan. 6
20I 141
Jan. 2)141% Jan. 12
7 '4 Jau
o!
.Ian.
6
8
200 25% Ji n. 13 25% Jan. 13
100 160 Jnu 13! I' 3 Jail. 2'
3Si4 Jfln
41 43% Jau.
7
200 86 Jan. 5! 90 Jan 12
!|lo
500
9 .lUTi.
Jan.
"
Jnu.
lOOj 22
22 Jan. 12
l.OiM)
9 Jau.
Juu. 2
200 11% Jill
11% Jan. 7
80 140% Jan. 11.147
2,4.521 3O14 Jim. 13, 31
2651 93
J«n. 13| 96
U
nm
—
——
.
.
—
. ....
—
4
.. ..
—
...
.
.
THE CHRONICLE.
c:88
SECUBITIEB.
Bid.
Loolilana— 78, oon8.,1914
84
73
100
107
110
SECTJRITIEt.
AUbnma-Class A,
1906.
Stamp
B, 68, 1906
4s
d,
SBCUBITIBS.
Ask.
es,10-aOa,1900
Arkansas— 6b, landed
7«, L. Rook & Ft. S. 188.
7b, Memp.& L.Rook BR
4 N.O. RR
A R. R. RR.
7b, L. R.P.B.
78, MlBB. O.
New bonds,
Special tax,
Do
—
SECURITIES.
Ask.
J.<feJ.,
'mS
all classes.
20
Consol. 48, 1910
6a,
116
1919
SECURITIES.
Ask
Bid.
District of Columbia—
S-658, 1924
108
53
53
biuking Fund, 6s, 1911
& Pac— 1st, 6s, 1910. 89 89 14
Baltimore & Obio
121li
l8l,6s. Park. Br., 1919.
109=4 110
B«, gold, 1926
108=<
Bnr. C. Kap.&No.— lst,58 108%
loll-
& col.tr., 58,1934
Minn.&St.L.— l8t,78,Ku
la. City & West.- Ist, 78
Cousol.
N.— l8t,6s
1921
& P.— Cons.63
General, 68,1924,.
Can. So.— Ist, Int. guar., 5s
2d,5s,1913
Central Iowa— 1st, 7s,'99t
Kast. Dlv.— 1st, 68, 1912
111. DlT.,l8t, 6s, 1912..
Cliesapeake ct Obio
Pur. money fund. ,1893,
68, gold, series A., 1908
68, gold, series B., 19081
6b, currency, 1918
Mortgage, 6s, 1911
Ches.O.&S.W.— M., 6-6S-.
Clucago
&
Alton—
lstmort.,7s, 1893
Sinking fund, 6s, 1903
La. <fe Mo. RIv.— 1st, 7s
.
2d. 78, 1900
St. L. Jack. & Cliic— 1st
let, guar. (564), 78,'94|
(360), 7s, 1898 ....
2d, guar. (188), 7s, '98
Miss.R.Br'ge— l8t,8.1.6s
2il,
Chic. Burl. & Qulncy—
Consol. 78, 1903
58, sinkingfuud, 1901..
68, dfbeiilures, 1913
la. IJiv.— S. id., 58, 1919
Sinking fund, 4s. 1919
Denver Div.—48, 1922..
Plain 4b, 1921
—
C.R.I & P.— 6s, op., 1917
6s,reg.,1917
Ext. & Col., 58,1934....
Eeok. & Dea M.— 1st. 58
Cent. 01 N. J.— Ist, 78, '90
.
lst,cons. assent. 7s, 1899
Conv., assented, 78,1902
Adjustment, 7s, 1903.
Conv. debent^ Os, 1908.
.
I,eh.AW.B.— Con.g'd.as.
Am.D'k&Imp.— 58,1921
Chic. Mil. & St. P.—
1898
Ist, 8s, P. D.,
2d. 7 3-108, P. D., 1898
l8t,7s, Sk.,R.D., 1902.
1st, La C. Dlv., 78, 1 893
1st, I.
l8t, I.
&M.,
78,1897...
&D., 7s,
1899-...
l8t,C. &M.. 7s, 1903...
Consol. 78, 1905
l8t,7s,I.&D.Ext.,1908
1st, S.W. Dlv., 6s. 1909.
Ist, 58, LaC.& Dav. 1919
lst,S.Minn.Div.,6s.l910
l8t,H. &!)., 7s, 1910...
KCblc.&Pac.Div.,68,1910
1
l8t,Chic.&P.W.,5.s,lfl21
Min'lPt. Dlv.,58, 1910.
1
C.&L.Suj).Div., 58,1921
,
Wls.A
I
Min.Div.,68,19;il
Terminal 5s, 1914
Fargo .1- So. 53, Assn. ,'24
r
Cliic.
<fe
Ask
Bid.
?»ortbwost.—
1st, Pa. Dlv.,cp.,7a,1917
1st, Pan. Div.,reg.,1917
Alb.
Susq.— 1st, 7s...
SECURITIES.
Funding
Penn. RR.
i-j
I
1.
A Tol.—Ist, 6s
A W.— 7«,conv.,'92
Col. H.Val.
1907.
.
A Essex- 1st, 7s
2d, 78, 1891..
Bonds, 7s, 1900 .
7«of 1871,1901.
i'lO'
2d, 7s, 1.S9S
2d, guar., 79. 1898....
—
I
Pine C'k R'v— Gs of 1932
Pifts.Cleve.'A Tol.— Ist 68
Pitts. June— 1st, Us, 1922
Pitts. McK. A y.— Ist 6s.
120
100
I
;
!118
Con.. Ist ext., 5s. 1922.
Roch.APltt.— I8t69.1921
90
Consol.. 1st, U9, 1922...
IO7I2
112 12^
.
104
r.akeSh"re—lJiv. bonds
85=4
130V
1301.;
I3OI4
12'2% 1221.
Isl.
KR.— Ist, 7s, '98
—
•110
Isi, consol.. 5s, 1931
Louisv.A Nash.— Con8.,78 122
CecUlan Br'ch. —78,1907 107
N.O.&Mob -l8t,6s,1930
IOGI9
2d, 68.
IO312
122
126
126
lO^j
lllia
92
1930
"89"
AN
S.
Ahl.— S.f.68,1910
Louisv. C.
AL
Trustbonds,
68,1931
68, 1022...
10-40,68,1924
Pens. AAt,— lst,«8, gold
L.
Erle&W.— 1st.
«8, 1!I19
Sandusky Div.— G»,l!)19
Lai
lil.
AM.— l8t,6s,1919
Louisv.N.Alb.&C— l8t.6s
9913 100
87
88
90
641a 95
87 _ 89
9612 97
101 la
General raurt., 68, 1914.
80
t,ou. N. O. A Tex.- 1st, 6s
91
116 Si Manbat B'ch Co.— 78.1909
SO>a
N.Y.&M.B'll-l8t.7s,'97 108
Mich Cent
No piioeB
— Con>».7s.l9{l2
Pac—
1st, Gs,
1896
Donv.Div.6s.a8S.,'99
1st, consol., Gs, 1919,
O.Br.U.P.— F.c.,7s,95
At.C.AP.— lst.08.1905
At.J.Co.&W.— 1st, 68
OrcK. Short L.— 1st, 69
Ut. So.— Gen., 78,1909
Exten., l.st, 78, 1909
93
60
02=4
5Siai
104
106
90
il07
91
I
86
98I4'
'
120 14 122
120-4 120
114
88 14 92111
100
96=4
96
92
49=8
Friday ; these are latest qnotaUons made this week.
112ij
>119
lie"
115
110
121
117
109
80
90
76
102
103=4 103
Han. A Naples— l8t,78
104
103
lU.ASo.Ia.— l8t.ex.,6:
100
97 13
65 19
75
90
110
25
9714
1131a
108
so'
StL.K.C.AN.— ll.e. 78 110
Omaha Dlv.— Ist
113
'101
Tol.A VV.— 1st ext, 78 llSHi
latStL. Div., 7s, '89. 109
104',
2d. ext, 79, 1893
Equlp'tbds..78, '83.
"96
Consol. conv., 79, 1907
Gt West'n- Ist, 79,'88 112
104=9
2d, 7s, 1893
Q.ATol.— Ist78. 1890 •93
113'8
78,
Clar'da Br.— 68,1919
StChas.Bgc— l8t,6a
10914
No. Miasouri — 1st 78.
W.St.L. A P.— Iowa dtv.,68
TniHt Co. Receipts.-,
100 14
96
•65
95
114i4lll.'i
West Shore— 1st, guar., 4s 102
WestUn.'I'cl.- 7s, 1900 .. 119
7s, 1900.
leg
N .W.'lelegraph.— 78,1 904
Mnt Cu.Tel..-S.ld.0s,1911
Col.C.A Ir.Co.— lat.con.Os
Income BonilM.
(j7itflT..'^
imyihh
if
.80 14
9318I
filmed.'
A Pac— Inc., 1910.-...
Chic A E. 111.— Income
Atl.
26
Centnilof N.J. -1908
•93
113
V
81
93i«
26
..
E.T.V.AGa.-IniT.,U8,1931
llliall3
113 1114
Or.BayW.AStP.— 2d,lnc.
Ind.Bl.A W.— Con., lnc.,68
IOOI4 100=8 Ind'sDec.A Spr'd— '2d,inc.
Trust Co. receipts
102
1021a Leh. A Wilkesb. Coal— '88
100 la IOII2 Lake E A W.— Inc., 7a,'99
101 la 101=8
Sand'ky Div.— Inc..l920
'90
LatBl.AMuil.-Inc.,'78,'99
"66
—Incomes
Mil. L. Sh.
"
AW
A
Pa.Co.'8guar.4 ia9,lst;,cp
Pa. Co. 's las.ieg., 1921
'11612
.
IIII4 i'iih
Bquipment, 78, 1895.. 104"
Gen. raort., 6s, 1931 .. 100=4
.
49
130
Hav. Div.-6.9,1910
Ind'polls Div.— 09, 1921.
Detroit Dlv.— 6a, 1021..
Cairo Dlv.— 5s, 1931 ...
Wabash— Mort, 78,1909
So—
Do
ex A ug cp.
Gen. mort. A ter. Gs
Pennsylvania RH.
1031.
60
86 14 86>*
Chic. Div.— 58, 1910
Mo—
Ko G., Gs, Aug. cp. on
118
'lUie
71
71
1911
94
l8tg.,6s,1935
IToI.AO.C—
ITol. P. & W.— lat, 7s, 1917
97
Trust Co. receipts
Tex. A N. O.— Ist, 79,1905 116
99
Sabine I)lv.-l9t08,1912
65
Va. Mid.— JI. inc., 6s,1927
Wab.st.L.APac— Gon.,6s
Pac— Ist, cons., 6s. ioS'-a 108=4 Moh.A O.— lstprf.,dehen.
117
3d, 7s, 1906
2d, pref., debentures
1st, 6s .. '106=4
Pac. of
3d, pref., debentures
IIII4
2d, 78, 1891
4th. pref., debentures. . N.y.LakeK.AW.— InC.Gs
StL. AS.F.— 2d, 68, CI. A 107
106
'id. inc., 68,1921
6b, Class C, 1906
Ohio
107 14
Pooriatl.A Ev.— Inc., 1920
68, Class B, 1908
Olat, 09, Pierce C.
Evansv.Div.— Inc., 1920
Mo — 1 st.6s
TeX.A Pac— l8t,68.1905
Consol.. 68, 19061
Income A Id. gr.— reg
109=8 109'b
9;i4
'114
1st, 7s,
Mo.
80. Pa«. of
113
lllia 1121a
109 109 >a
Tex.Cen.— 1 st8.f.,7s,1909
111!.!
B,, Us.
5s, 1907
1st, 6s,'95
—
I
Collateral Trust, Gs. -
Do
56
'
109 14 110
West. Pac— Bonds. 6s.
No. ll'wav (Cal.)— l8t,6« 110
So. Pac. of Cal.— 1st, Os, lOG's 107
So. Pac. of .\rlz.— Ist, Os 100
So.Pac.of N.Mex.-l8t,6s 100
115
Union Pacltlc— let, 6s
Land grants, 78, '87-89 105 14
Slnklnglund, 88, '93.. 121 "a 122
121
Beg., 8s, 1893
Kans.
124 Hi
110
103
90
E. H. A N.— 1st, 68, 1919 113
General, 6s, 1930
104 la 105
PonsaeolaDlv— 08,1920 *94 100
«99
St. L. Div.— 1st, 68, 1921
2d,38, 1980
Nashv. A Dec— let, '7s.. 120
Metpn B'ov.— l8t,63,1908
141=4 .4312
2d.6a.lH99
11712 Mex. Cent.— Ist, 78, 1911
1st, M., 78, 6x.rp.,6,7, AS
*
123
122
MahonlngCoalR."l8t,68 103=8 104
Long
AOr.- Ser.
50
lOGV 2d. 7s,l.s97
"~"
135
Arkansas Br'ch— Ist, 78
135
Cairo A Fulton— let 78.
109 109 >»! Cairo Ark. A T.— 1st 78
138
Gen. r'y A l.gr.— 5s,1931
3 38
StL.Alton A T.H.— l8t78
123= 124=1!
2d, prof.. 78, 1894
2d, income, 78, 1894 ...
56 "58"| Bellcv.ASo. 111.— l8t. 8s
56
57
StP.Mluu.A Man.— l8t,78
126 127
2d, Us, 1909
116 117
Dakota Kxt— 8s, 1910..
96=4
96
let consol., 6s. en., 1933
96
97
Min's Un.— 1st. Os. 19'J2
78
StP. A Dul.— Ist 68,1931
77=4 So. Car. R'y— l»t. Us, 1920
76
551a!
2d, Os, 1931
102 [103
Shenand'hV l8t7s,1909
lllia!
General, 69, 1921
111=4 lll'e! Sodus Ba.vA So.— Ist.Ss, g.
LaiHl grant bonds, Us-
A Ash.— 7s...120
BulT.AErie-New bd8,78 1231^
105
Kal. A W. Pigeon- 1st.
Det-M.AT.- lst,7a,1900 120
.
106
122
138"
Cal.
CleveATol— N.bds.,7s
Consol.. coup.. 1st. 78.
Consol., reg., 1st, 78
Consol., coup., 2d, 78-Consol., reg., 2d. 7s...
10612
90
8eia
Clevc. P.
118
12
108
105
1
126
114
ii2''2
.
Knoxv. A O.— lat,Cs,1925
Lake shore A Mich. So.
*90
St Jo. AO'dlsl'd.- IstGs 108 lOSi^
1171a 118
St L. A Iron Mt— 1st, 78. '112
—
131
117
Incomes, 1900
Scioto Val.— Ist, cons., 7s.
.
C—
•Yo"
Atl. ACh.— let pr.,78,'97
120
125
90
73
731a
112=8 113
87
881a
Debenture 68,1927
!!!;;!iioi=i'
110614!
.
I
IIOI2
89
114
Rich.AAlleg.-l8t. 78,1920
Trust ('o. receipts
Rich. ADauv.— Cons.. g.,68
!
106
119
1061a
RomeW.A Og.— lst,7s,'91
911^;
70121 7714
"go'-a
117
80
Ask.
Bid.
—(;ontinued—
St.L.V.AT.H.-l8t.g.,78 118
iso'
,
"
Bvr Bini'.AN. Y.— l8t,7s 133 If
Morris
C—
I
102
114
107
129\
H
. .
24,88,1920
107=8
—
Gen'l mort., 6«, 1932
'109 Hi
Chic. AI3t.L.— l8t,«s.l015 106
0~i A Green.- lat»6s,1916 105
78,
1899
Pitts.C.A.St.L.-lBt,c..78 118
1st, reg.. 7s
2d, 78, 1913
141
Pitts Ft.W.&C— l8t,78 140
138 138=4
2d, 78, 1912
133 135
3d, 7s, 1912
Clev. A P.— Cons s fd.,7s 12812
•1091a
4th, 8. f., Os, 1892
1884-1913
AW.- lst,U8,1921
—
C.C.C.AInd's— lst,7s,s.fd.
Consol. 7s, 1914
123%
Consol. sink. fd.,7s,1914 123 12
General consol., 6s,1934
Chic. St. P. Min. A Om.—
Consol. Cs, 1930
121
C.StP.AM.- Ist58,1918 125
No. Wis— Ist, 6s, 1930. 125
St. P. AS.C— 1 8t,6s,1919 125
Chlc.A.E.Ill,— lst,8.f.cnr. 116
Consol., Ist, 6s. 1934. .. 110
Ohio.St.L.AP.— l8t,con.5a
Chlc.AW.Ind.— lst,8.f.,6s
1st, Os,
MILL.S
—
Peninsula— 1 st, con v.,78
Chlo.&Mllw'keo— lst,7s 1261.
Win. & St. P.— lst,78,'87 103»8
2d, 78,1907
Mil. A Mad.— l8t,6s,1905
Ott.C. F. & 8t.P.— Ist.ns
Noith.IU.— Ist 58. 1910.
137
—
Iowa Midland— 1st, 88.
Mortgage,
58,
SECURITIES.
Bid. [Ask.
Mich. Dlv.— 1st. Os, 1924
Ashl'd Dlv.-lst,G8,1925
117 's 118
Mlnn.ASt.L.—lst,7s,1927
Iowa Ext— 1st, 78, 1909
Eens. A Sar.— l8t, cp.,78 1411a
2d, 7s, 1891
108
Denv.A Rio Gr.— Ist,, 78.. 115 115=j
S'thw.Ext.—l8t, 78,1910
101
l8t, con.sol, 78, 1910-..
91
89
Pao. Ext.— Ist, «s, 1921
49
Tnist Co. receipts
82
Mo.K. A T.— Genl.,6s,1920
Den So.Pk.A Pac— l8t»7s 8II2
75I2 77 12!
104 14
General, 6s, 1920
Den. A RIoG. West— Ist.Gs
65
Cons., 7s, 1904-5-6
86 •2' 8512 Det.Mack.AMarq.— lst,6s 50
109 llOSjl
Cons., *,id, income. 1911
I-and grant, 312s, S. A..
•67
H.ACent.Mo. -l9t,78,'90
E.T.Va. A G.— l«t.7B,1900 iVd"
701-j
•67
Mobile A Obio New 6s
0714
.
Ist, cons., 59, 1930
63 14 ^4
Collateral trust, Us, 1892
Ex <!oui)ons 9 to 12
»96
Ist, Extension, lis. 1927
Divisional 5s. 1930 ..
106 >4 Eliz.C.A N.—S.l.deb.,c.,6s
Morgan's La. A T. let, Os
80' 81
1st, 78,1918
Ist, «s, 1920.
100"
99
36
37
Nash.Chat.ASt.L.—lst,7s
Eliz. I.ex. A Big Sandy— 6s
i-j
99 100
2d, 68, 1901
Erie 1st, extended, 78... 126 127
90
91 I2
N. Y. Central— Gs, 1887 ..
2d, extended. 3s, 1919.. 113
i08'i2
Deb. certs., extd. 5s
3d, extended, 4 128,19'23 107
11712
N.Y.C.A
—1st, cp., 78
4th, extended, 5s, 1920. 11112
122
107
1st, reg., 1903
5th,7s,1888
130
123
Deb., 5s, 1904
l.st, cons., gold, 7s, 1920 129
119
124 125
Harlem— l9t, 78, coup.,
1st, cons.. Id. coui)., 7s.
II8I2
1st, 78, rog., 1900
Heovg., Istlien. Gs, 1908
118
N.Y. Kiev.- Ist, 7s, 1906
Long Dock b'nda, 7s, '93 117
N.Y.P.A O.— Pr.l'll.Os. 95
B.N.Y.A E. -lst,7s,191G 133 '4
N.Y.C.AN.— Gen.,68,1910
N.Y.L.E.AW.-N'w2d68
106
Trustee, receipts
Ex June. 1880. coup..
N.y.A N. Engl'd— l8t, 78
Colhlt'l trust, Os, 1922
136
85
l8t,0s, 190S
Bufl'.AS. W,— M. 0s,1908
N.Y.C.&St. L.-l 8t,09,1921
Ev. A r II.— 1st, cons., Os 11214
107 12 ids'
Trust Co. receipts
Mt.Vcru'n- 1st. Us.l923 103
II5I2
110
2rt, 68, 1923
prt&P.Marq.- M.68,19'20
-99
1U2
Ft.W.A Den.C— Ist.Os... 82 '8 831a N. Y. Susq. A W.- 1st, 6st
100
114
Debenture, 6s, 18971. ..
Gal.Har. A S.Ant.— lst,6s
Midland of N.J.— 1st, 6s
2d, 78, 1905
12812
92
N.Y.N. H.AH.-lst,rg.,4s
West. Dlv.- lst,6s
128 130=4
N.Pac— 0. 1. gr.,1 Bt.cp.,6s
2d. 6s. 1931
"84'
109
Registered. 6», 1921.--.
Gr'uBayW.&St.P.— l8t,6a
110 111
Gen., 2d, gold. Us, 1933.
Gulf C0I.& S.Fe.-78,1909 118 118 le
112 112=4
871a 88
N.O. Pac— lst.6s.g.,1920t
Gold, 08,1923
106 107
Han.&StJ.— Con.Us.lOll 118=< 120 Norf.AW.— Gen., Cs, 1931
1091, JHend.
108 .--.-,
110
6s,
Bridge
Co.—
W.
1st, VJ.
*I3».>
New River— l9t,G8,1932
villi. J-f
I Hl*i«J V,
10812' H.A ex
1st M.L.,78t 103 ii
Imp. A Ext.— 6s, 1934..
"63 ii 04
98
.4djustmt. M.— 7s, 19'24.
1st, Western Div.. 7st-.
lOSjJj 1st, Waco A No.,7st ...
99
Ogd. A LakeCh.— Ist.Cs..
9^
90
Cons. w.f.7s
(,>hio A Miss.
2d, cousol., main line, 88
57
Consolidated 7a, 1898...
Geneial, Cs, 1921
,„^.
Hon8.E.AW.Tex.-lst,78
2a,conaolidat«l.7s.l911
}?,T^ i:;,W
2d,Hs,1913
latspriugtield Dlv.. 7s.
li^, i}^?^
.29=4; 131
Ill.uon.— Spd.Div.— Cp. 68 116
1st, general, 5s, 1932.
123
109
Middle Dlv.— Reg., os.
Obio Cent.— 1st, T. Tr., 6s
123
130
C.St.L.AN.O.— 'ren.l.,7B
1st, Min'l Div, Cs, 1921
1'26
127
1st, console 7s, 1897
Ohio So.— Ist, Us, 1921 ...
130
116
69,190'?
Oi
2d,
eguA Cal.— lst,6s,1921
,„„,
130 13014
112
Gold, 58, 1961
Or.ATran9c'l-U8,'>2,1922
127
129
'id Dlv.,7s
Dub. A S.
Oregon Imp. Co.— Ist, 68
116
Oreg'nBH.ANav.— lst,C8.
Ced. F. A Minn.- Ist, 7s
106
lud. Bloom. A W.—
Debenture. 7s. 1887
116 117
'116
1st, pref.,7a
Consol., 59,1925
123 126
Ist. 5-68, 1909
99
Panama— S.l.,sub.6a.l910
83
117
---'-2
2d, 5.6s. 1909
Peoria Dec. A Ev.— Ist. 6s
103". lOS'-B
99=4
Eastern Div.—68, 1921
Evans. Div.— 1 st, 68,1920
103 104 la Indianap.D. ASpr.— l8t,7s
99 Hi 100
Peoria A Pek. U'u— Ist.Oa
101-2
Int. A Gt. No.— 1 8t,68,gold II41.J
Pacltlc UK
103=8
86
('oni)on,68. 1909
88
Cen. Pac— Gold. 88
101 1021a Kent'kyCeut.-.M.6s,1911
San Joaquin Br.— Gs..
114=< *15
Stamped 4 p. c, 1911
70
Cal. A Oregon— Ist, 68
A
l8t,cons.,guar.7s,1906
lst,cou8.,guar.6s,1906
130
Consol. bonds, 78. 1915. 140 14
Coupon, gold, 7s, 1902.
Eegisfd, gold, 7s, 1902. >i36
Biuklng f und, 6s, 1929.. 1171a
Sinking fund, 5s, 1929.. 110
Sink'gld.,dob.,5s.l933. 105=4
104
26 years deb., 6s, 1909.
EscanabaA L.S.— lst,6H 114>4
Dos M.AMln'ap.— lst,78 >124
Bel. L.
18
116>a
Registered
Michigan Cent.— Cont'd—
A W.—Contln'd—
132
Consol., 68, 1902
6s, 1909
N. V.Lack.&W.-lst,09 128 107
10713
's
Coupon, 58, 1931
Constj-uction, OS, 1923
115
Registered, 58, 1931-.Del. A Hud. Canal— lst,78 114
Jack.Lan. A Sag. — 69,'91
1st, ext., 7s, 1891
Mllw. A No.— Ist, 88, 1910
Coupon, 78, 1894
Atl.
I.F.cft
68
62
42
42
80
52
60
12
66, deferred
(
non.fnndable, 1888.
consol'n 68, 1893
Tennessee— 68, old, 1892-8
88, new, 1892-8-1900
Brown
M.AE.— 1st, con.,eu.,7-
Atch.T.&S.Fc—4128,1920
let, 68,
1914
Virginia—68. old
6s, new, 1866
117"! 6s, consol. bonds
6s, ex-matnred coupon.
6s, consol., 2d series
Del. L.
Railroad Bonds.
(Stock Exchange Prices.)
C. Rap.
series,
C'mp'ml8e.3-4-5-68,1912
I
KAIIiROAD BOWPS.
BECUEITIKS.
Buff. N. Y.
new
68,
9
8>a
WU.C.4Bn.B.
Sonth Carolina—
6s, Act Mar. 23, 1869
—
Tennessee— Continued—
Ohio— 6s, 1886
113
118
121
HO
10
1891
1892
18B3
N.Carolina 68, old, J. &J.
Fnnrtlne act, 1900
6s, loan,
68, loan,
68, loan,
Arkansas Cent. BR.
G6orgl»-68, 1886
7B.1886
7». gold, 1890
7b,
IS, 1886.
N. Carolina— Continned—
Mi880Urt— 68, 1886
6b, due 1889 or 1890....
Asyrra or Univ.. due*92
11.5
Funding, 1894-95
Hanuibal & St. Jo., '86. J 02
New Yoik-69, reg., 188"! 103
OlMB 0,48,1906
fVoL. XLII.
JAWUARV
QUOTATIONS OP STATE AND RAILROAD BONDS,
STATE BONDS.
UliMiB
1.
Rocb.APlttsb.- lnc,1921
Rome W. A Og.— Inc., 78.
103
'49i<
43
•82
311a
321*
32"
29
3S
•85
•64
•38
40
31 >*
35
«45
45
60
20
.
CoapooBOff.
47
M
...
47
29
60
62
114k
120
-
103 103=4 T.ASt.L.in M.AA.-lst6s «4«
102 "a 1031a Wanen RR.-2d, 78, 1900 125
t
66
'32=4
N.Y.\Voo<lb. AR'y-2d inc
Ohio Central. Incomes
—
38
•'22
— Dlv. bds..
StL.A.AT.H
75
St Jo. A G'd Isl.- 2d, Inc.
37 7(
Free JAM.
Cln A Sp.— LstC.C. A I.,7s
1st g., L. S. AM.S.,78..
491a
"37=8
251a
-22"
28
30
80 Car. lly.— Inc., Os, 1931
;107
20
3
60
.
January
New York
lAmt.
an
Drov's'
Oantral
'Oliaae
Ohatham
Chemloat
Olttsons'
Oltj
Oommaroe
Oontliiant4kl
Com Bxchaogo*....
Kast River
Xleventb Ward*....
Finh Avenoo*
Flrsl
.Vtoarth
Folton
eallatin
Oarfleld
German American*.
Oermanla'
Qreenwloh*
Hanover
Imp.
A
Trailers'
IrviiiK
liOatlier Maiiuf'ra*..
Manliattau*
Market
Mechanics'
MeGliaulc--4'4ft
Trads*
Mercantile
MercnaniH'
Merctiaiiifi' Bxoli...
MetroiHtlitan
Nassau'
York
York Coantv
New
New
S.
.
Y. Nat. Kxoh....
Ninth
North America*
North River*
Oriental*
Paolflo*
Park
'People's*
Pbenlx
Bepnbllc
BLNlcholas*
•Boventh
Ward
Beoond
BhoeA Leather
Bute of New York*
TWrd
Tradesmen's
United States
8. Bailey. S>i
IHl
SO
100
as
as
17
...
Bowery...,
Rroailway
Wl)
14a
Itrtmklyn
146
lUO
1.10
'.IS
loO
no
lliO
no
30
70
100
Commercial
so
100
Continental
40
Ea^le
Empire City
100
KxtuianKO
30
so
FarruffUt ..... ...
Firemen's
17
10
Firemen's Trnst
Prankltn A Kmp.. . 100
Uerman-Amerlean . 100
Germanla
60
60
Globe
Greenwich
36
Guardian .... ....... 100
16
Hamilton
Uanovor
SO
100
Home
40
Howard
Jefferson
30
KinifsCnty (Bkn.). 30
Knickerbocker
40
Lonif Isl'd (li'klyn) SO
Manufac. & Build.. 100
Mech. A Trailers' .. as
Mechanics' (Bklyn) so
Mercantile
60
Merchants'
60
Montauk ( Bklyn.).. 50
Nassau (Bklyn.) ... 60
National
37 "a
N. Y. Equitable. .. 36
100
N. Y. Fire
Niagara
SO
36
North River
36
Pacltlc
100
Park
...
30
Peter Cooper
60
People's
Pbenlx
60
as
Rutger's
so
Standard
100
Star
100
SterUuK
36
Stuyvesant
35
United states
10
Westchester
Williamsburg City. 60
Citizens*
a700
115
aos
lUd
111)
Is'J
100
600
luoo
Viti't
IIS
mi
111
100
142
.'lis
130
IbO
1»1
1-17
.
.
ISO
13a
100
»1
125
180
ltj0><
108
110
160
160-
160
1.14
145
no
.....
123
11«
100
ri«
las
120
125
RICK.
Bid.
(Jlty
115
Clinton
1^1)
25
230
a;(.-.
HO
75
165
105
140
175
170
130
lau
137
30
2H)
343
85
100
105
na
80
•a
40
230
90
125
106
103
70
108
126
130
70
115
210
85
HO
lOU
35
80
55
112
95
140
85
105
65
1S8
100
1B5
104
145
105
140
115
100
55
55
105
130
120
220
—
Ask.
35
50
340
130
110
210
76
116
135
135
80
l'J3
235
95
100
106
46
85
66
115
100
ISO
I'O
175
75
145
no
175
no
146
110
145
130
105
60
00
no
186
126
332
101
MO
Gas and City Railroad Stocks and Bonda.
[Oaa Qnotatlons by Geo. H. Pbentiss A Co., Brokers, 49 WaU Street.]
GAS COMPANIES.
Brooklyn Gas- Light....
Oltlsens' Gas-L.(BUyn)
36
ao
Bonds
1,000
Consolldaf ed Gas
Jersey city A Itoboken.
100
20
Metropolitan— Bunds ... 1.000
Mutual (N. Y.)
100
Bonds
Nassau (Bklyn.)
1,000
Scrip
People's (Bklyn.)
Var's
10
1,000
Var's
Bonds
Bonds
Period
Par.
26
Williamsburg
60
Bonds
1,000
MetroiwUtan (Bklyn.)..
100
Municipal— Bonds
1,000
^Volton Municipal
Boiius
«SQnitabte
100
Too
Bonds
1,000
Atoh.
Date.
*
Nov. 2,''86 126
2,000, 000 Var's
Jan. 1, '86 85
1,200, 0001 Var's
104
350,,0001 A.
O.
Deo.l6 'SS'lOO
35,430,,ooo!
Oct. 1, '85jl40
756,,0001 Qnar.
114
1903
A.
700,,000 F.
Jan. 10,'•86,137
8,500,,00o! Qnar.
1902
Il03
1,500,,000,M.&N.
Jau. 1, '86 129
1.000,,000, Var's
Nov. 1.''85:100
70O,.OOOM.&N.
i>fcC.15, '85' 85
1,000,,000; Qiiar.
400,,00O|M.A.V. 3Hi|Nov. I,''85 102
IDO,,000 A.JtO, 3 !oct. 1.''85! 98
Jau.20,'86,158
1,000, 000 Quar.
113
1900
1,000,,000 A.AO.
95
Jan. 1,
1,000,,000
105
1888
750,,000
157
Jan. 15,'
3,000,,000
1900
105
300.,000
145
a.ooo,,000
Jan. 1,
110
1900
1,000,,000 A. AF.
A
A
1
128
86
107
101
150
117
140
105
131
86
lUH
101
1162
ills
»8
110
158
1109
11.50
1113
H.
L>.
Bl'cker St. A Falt.F.—Stk
100
900,,000' J. 4 J.
Ist mort
1.000
700,.000 J. A J.
Br'ilwayA7th Ay .—St'k
100 2,100,,000 a.—J.
Ist mort
1,000 1,500,1,000 J. AD.
2.1 mort
50i),1,(1011' J. A J.
1.000
B'way Surface bds.gna^. 1,(J00 l,50;),1,01)0 J. A J
Bowls KU.ir
1,000 1,(101 ,000 J. A J
Brookiyu city— Stock
10 2,000,(,000) (i— F.
let mort
800,.000[J. A r.
1,000
Bklyn. Crosatown—Stock
100
1st mort. bonds..
A
1.000
Bnshw'k Av. Bklni—Si'k
Central Crossiown— Stk.
100
100
(
Ist mort
1,000
Oent.Pk.N.A E.Riv.-atk
100
Consol. 'iiort. bonds
1,000
Ohrlst'ph rAlOthSt^Stk
100
Bonds
1,000
I>ryUk.B.B.A Bat'y—6tk
100
1st mort.,coosol
SOOAc,
100
Scrip
Xtgbtfi
Av.— Stock
100
100
100
Scrip
tad
A Or'cd 8t.F'ry— Stk
1st
mort
1.000
42d St. Manh.A St.N.Ave
100
Istmott
..
1,000
.
I
200,,000|A.AO.
J.
400,.000 J.
500,.000 a.-F
600,.000 U.-J.
350,,000 M.AN.
1,800,,000 Q.-J.
D.
1.200,,000 J.
650,,000 Q.— P.
350,,000 A.AO.
1,200,,000 Q.— P.
900,,000 J.
D.
1,200,,000 F.A A.
1,000,,000 a-J.
1,000,1.000
A.
748,.000
F.
238,1,000 A.AO.
2.500,.0(10
....
1,200,,000 M.A S.
A
A
1
1
PA
a—
2d mort.. Income.
1,0(10 1,600.1.000 J. A J.
Bouat. «'..-il.AP.i"y-Stk
100
250,1.000 tj.— F.
Isr mort
600
500,.000 J. A J.
Ninth Ave
100
Oct.
800,,000
Beooud Av.—Stock
100 1,8621.000 J. A J.
1st mort
1,000
400,.OOOiJI.AX.
Consol
1,000 1,050..0001 M.A.N'.
Sixth Av.—stock
100 1,500,I,(M)0|M.A S.
Ist
Oiuri,
Third Av.—Sti'Ck
Bonds
1,000
1,000 3.000,.000
600,,000
Twenty-third St.—Stock.
100
Ist mort
1,000
*
500.,000 J.
A
A
J.
100 3.000,1,00(1 (J.— P.
360,1,000
Tbla «alnmn snows last dividend on
J.
P.
J.
A A.
M.AN.
itocla,
Jan., 1886 27
July, 1900 114
118
1880285
21)0
Jan.,
Juue.lOul lost
108
1914
1921
no
106
1905
Nov., 1885 205
Jan., 1802 108
Oct.. 1836 168
Jan., 1888 106
Nov.,lHH5!l62
Jan., IS.S'JIOO
NI1V..1922 114
J.in., 18-i6
141
Dec, 1902 122
Nov.,1885 r35
Oct.. 189H ) 10
Nov„1885 200
June.
'93
Feb.. 1914
Jan., 18H6
Peb., 1914
NOT..1885
April. '93
1910
1915
NOV..1885
18d4
114
106
240
110
255
112
45
110
70
160
113
28"^
lU
109
108"
207
112
175
112
167
165
118
1421^
125
140
116
202
lie"*
109
260
26(j
117
17
113
155
116
Il40
Jan., 1886-^04
1910
!07
.May,
'8H!i06
Sept.. '85 190
July. '90 110
Nov.,
Jan..
20
'90111
'8.1,.)
Aug.. •85(290
May, '93 113
207
lu9
Bart* Mo.-Ld.
«r..7B.
113
300
114
but date of maturity of bondt.
,
W.— Oen.,es
Cam. A Amboy— 6a, o.,'80
109 >•
Mort.. 8b. 1889
Cam. A At).— lBt,T»,r>'83
3d. 8b. 1904
Cons.,8p.o
Cam. A Burl. Co.— 8b, 97.
Oatawlaaa— Ist. 78. con. 0,
Chat. M., 10a, 1888
jllS
5
119
Nebraska. 6s... Kxcropt
.....1109
Nebraska. 6s.Non-«x'pt I *93i»,
94
Nebraska. 4s
Conn. A Pasaiimp-dc— 7s
132
Bast'rn. Mass.— os. new.
rorl8oottAGuir-7s....
New 7a, reg. Aconp
Connect'g
6s, op.,
1900-04
139
131
m"
Cor.Cowan A Jlnt^dab. 68,
K.01tyLawr.A8o^8B..I no llO"* Delaware— 8s, rg.A cp., V.
Del. A Bound Br.— lst,7s 133
K. City 81. JO. A O. B.-78 123
East Penn.— l8t.7s. 1888 lOS
Little It. A Ft. 8.-7S. lat^ 114
110^ BaatonAAmb'y— 5s. 1920 111
K. City .si>d A Mem.-6s 110
4K^ 480s BLAWm8p't-l8t.8s, 1810 117
Mexican (;;entral— 7b
106
«l3'a 12»4
68. perpetual
Income
Scrip
--
Debenture, 10s
—
84
S«
80
.....
England—78.. 126 '4
N. Y.A N.
da
-
117
A 80. Pao 7a
Ogdensb.A L.CI1.— Con.68 97
{34
..
Income
Old Colony —es
Pneblo A Ark. Val.—78
123
108
101
Rutland—Os, 1st
Sonera— 7s
STOCKS
Atchison A Topeka
Atlantic A Pacillo
Boston A Albany.
Boston A I,owelI
Boston A Maine
Boston A Providence
133 "a
9»8
Cheshire, prelerred
Chic. A west Michigan..
Cinn. Sandusky A cleve.
-
Connecticut River
Conn. A Paasumptlo
Clevelaml A Canton
Pl«reiT'>il
9'»
iWi
186
186^
Preferrtiil
Lansing A No., pref.
lOHi
12 H,
89
U6
90
51
I6I9
63
-----
126
141
131
137
126
129
109
Debenture 6s, rag.
Norfolk A West.- Gon.,8s 104
107
N. R.Dlv., Ist, 88.1932 105
N. Y. Phil.A Nor.-lBt. 8s 103>a 104
40
46
Ino..6s. 1933
CltyA Chic— 1st, 88.
9>
Creek— 1st. 8s, coup.
Pennsylv.—Oen.,6s, reg. 131
130
Gen..88,cp.il910
133
Cons.. 68. reg.. 1905
Cons.. 68, coup., 1905... 133
110
Cons., Ss. reg.. 1919...
131
Pa. A N. Y.
78. 1896
132 H
7.1908
Perklomen- 1 st. 6s,cp.'87 96
Phil. AErie-l8t,7s,cp.'88 107 V 109V
Cons.. 8s. 1930
lll^a
Cons., 58. 1920
Phlla. Newt. A N.Y.— let
Phil. A R.— Ist, 6s, 1910.. 120
118
2d. 7s, coup., 1893
}123
Cons., 78, reg., 1911
135
Cons.. 78, conpj 1911 ..
C—
16»<
105
170
88
30
110
108
74
123
Mass
Fltchburg
90
Oil
Oil
I'iO'a
6'
Centialot Mass
Det.
,
179
129
184
Cambridge
Eastern,
94 >4
9*
Boston Revere B. A Lynn
CaUtornIa Southern
Leh.V.-lst,68,C.AB..'98
3d. 7», reg., 1910
Cons. 68. C.A R.. 1933.
N. O. Pac— 1st, 8s, 1930
No. Ponn.-3d, '7s, op. '98.
Gen.. 78, 19(13
I
Concord
103
H.AB.T.-lst,78,g..l890 111
Cons. 5s. 1896
IthacaA Atb.-lst. gld..7s
110>a 110>4 Jack. A Soathe'm— l8t.68
133 ><i
Gen.. 88
—_
-
Harrlsb'g-lst.Ss, 1888.
iaeHi
118
2d mort
N. Mexico
—
Con8.,6s.g.. 1.R.C.1911 ill"
Imp.. 6s, g., coup., 1897 JlOO ios"
81
i
ST-,
Gen., 88, g., coup.. 1908
80
Gen., 78, coup., 1908
"42
73
Income, 7s, coup., 1896
"41"
88 (s
dO
Cons. 5a, Ist 8er.,c.,1922
23
65
Cons. 58, 2d ser.,c., 1933
40 <9 42
40
Conv. Adj. Scrip, '85-88
Little Rock A Pt. Smith.
15V
22
18934
River..
coup..
Debenture
Mo.
Louisiana A
445'
{23
Scrip, 1882
Preferred
33
132
—
Conv., 7s. B.C.. 1893..*
Maine Central
36 "a 281a
Conv. 78, cp.off, Jan..'86
Marq. Hought'n Onton.
79(3
Phil. Wil.A Balt.^Sjtr.ot ibo>a 100^
Preferred
il'23>!i
90
Pitts. Cin. ASt.L.— 7s
Melri'politau
40
11 « U-Si Pitta. Titus. A B.— 7s,cp.
Mexican Central
Sliaraokin V. A Potts.—7s
Nashua A Lowell
38>!> 36=1 sunbury A Erie— 1st, 7s...
England
New
N. Y. A
115
118
W.— 1st. 6s 103>a
Sunb. Haz.
Preferred
A
Pere Marquette.
Flint
Pref erred
Gulf
Scott
Fort
Prelerred
u,-r-Iowa Fall.a A Slonx CityKan. C. CUn. A Sprlugt'd
Kan. C. Sprlugf. A Mem.
17>a
A
A
A
Northern of N. Hampsh. 124
174
Norwich A Worcester.
i59
160
Old Colony
18(3 19
Ogdensb. A L. Champlaln
122
Portland Saco A Portsm.
Rutland— Preferred
2iU 24 19
19 >«
Union A Tltusv.— Ist. 7s
United N. J.— Cons.68.'94
13
119
19^
PHILADELPHIA.
RAILROAD STOCKS,
t
Prelerred
A
4>a
8
Phil
Camden A
Atlantic
Preferred
Preferred
53
49
Schuylk. Nav.— l8t,68.rg.
ad. 68, reg., 1907
J42
45
86
Atlanta A Charlotte
100 180
Baltimore A Ohio
56
Ist pref
64
2d pref
Parkersburg Br
60
Central Ohio— Com
Pref
63
Western Maryland
5339
i20U 21
I
109 <!i
A
10 "a'
A
L.—Com.
N.J. Companies..
'209
V
47
V
45
38
West J ersey
West Jersey A Atlantic.
CANAL STOCKS.
}47
Lehigh Navigation
Pennsylvania
.
Allegh. Val.— 7 3-lOs, '93
7s. E. Bit., 1910
Inc. 78, end., coup.. '€4
Aahtab. A Pittnb.— lst.8s
60
60
49
60
55
11
RAILROAD BONDS
70
A
RAILROAD BONDS.
130
88
BAtLK'U STOCKS.tPar
Phllailelphla
Erie.
Phila. Ger. A NolTistown
Phila. Newtown
N.Y..
lUiaiilng
Phlla.
Bait
Phila. Willn.
Schuylkill Nav., pref...
84
100
68
BALTIMORE.
60
5319
fjnlted
1-28
Cons., 78, reg., 1911
Pennsylv.— 68, cp., 1910..
North Pennsylvania
Pennsylvania
St.
110
CANAL BONDS.
A Broad Top
A
1896
Gen.. 78, coup., 1901
A Del.— l8t,6s,1886 84
Lehigh Nav.— 68,r6g. '84. 112
Mort. RB., reg., 1897 .. 119
e9S4
Pittab.Cin
111
Ches.
Preferred
Lehigh Valley
Preferred
Little Schuylkill
Mlnehill A Sch. Haven...
NeHuuehoning Valley
Norfolk A West'n— Com.
Preferred
Northern Central
A
i'a'f
68. P. B.,
i'k
35
2d prefen-ed
Delaware A Bound Brook
Bast Penusylvauia
Blmira A Williainaport..
Hnntingd'u
1899
Cons. 6s, 1909
W.Jer8eyAAtl.— lst,6s,0. 108
Western Penn.—68, coup. 111
33
Gap
Buffalo N.Y.
Preferred
104
1st, 78,
Allegheny Valley
Ashtabula A Pittsburg..
Bell's
Cons. 68, gold, 1901
Cons. 68, gold, 1908
Gen., 4a, -old, 1923
Warren A P.— Ist, 78, '98 110
West Chester -Cons. 7s. 112V
W. J ersey- l8t,6s,op..'98
33
5....
76"
Consol., 6s, 1905
Sumiuit Branch
Worcester Nash'aA Roch
Wi8con.sin Central
Preferred
101 "a 102
2d, 6s. 1938
Sjrr.Gen.A Com.— 1st, 78.
Tax. A Pac— 1st, 68.1906
.
n9'4
130'4!
112
12
"26'
60 >i
Atlanta A Chart.- lat
Inc
/laltlmore A Ohio 4s
Cen. Ohio.—6s, l8t,M.A8,
Oharl. Col. A Aug.-lst..
130
99
101
105
109 >4
115
107
2d
104V
Cln. Wash. A Bait.— IsM. 103
71
73
3ds
41^8 43
3ds
1st Inc. 5s. 1931
ColumblaA Greeny.- lets 108 100 T(
92
94
3d8
No. Central—4 "as. J. A J. 107
123 <a
68.1900. A.AO
12u>i
68, gold.1900, J. A J
106
68. Series A
—
5s. Series B
Plttsb.ACon'ells.—7sJAJ
124"
Union BR.— lst,gua.JAJ
116
Canton endorsed
1908
Virginia A Tenn.— 6a ....
8s
O.K. Side— CertH. 8107!4 107'a
W.Md.— 6s, Ist, g.. J. A J.
B jlvld'e Del.— 1 st,6s,l.U02 1118
103<al04>4
2d. iref., J. A J
3d. 8s, 1887
1'20
'2d,( uar. by W.CO..J.AJ
Bell's Gap- 1st. 78. 1893. i
lOBij
6s. M, guar., J. A J
1st. Ha. 190i
Wllm.C.A Aag.-«s
101
Consol.. 6s. 1913
Wll. A Wemon— Ss
Bnir. N.Y. A Phil.— l8t,88
-.1
78
...
9d. 7s. IflOX
1st. 8s, re«..
Bait.
115
330
Cons. 8s. 1U21
lat.Tr. 8s. 1933
Bnir.P(tU.A
—
1st preferred
Gbajit. Broker. 145 Broadway.]
Bnir.N.Y.A P.-OonUl.-
124
« Mama—7s
A Albany—7i ...
A Lowell—7a
6a
Boston A ProTldance— 7b
Boston
Boston
Boston
Catawissa
[(juotatlons bj
BECCHiriRB.
Bid.
BOrtTON.. , _
134^
A Topeka— lat,7t.
Land grant. 7s
COMPANIES.
Amertoan
Amer. Kxohange
1«7
100
100
as
35
100
100
as
100
2S
100
100
100
100
as
as
100
100
100
30
60
100
78
100
25
100
100
60
100
60
100
as
as
100
so
60
100
50
100
100
100
100
70
30
a6
60
100
as
ao
100
100
100
100
100
100
100
40
100
BEOURITIBS.
Pin* St.]
I'
Ask.
Bid.
not NtttionnL
Amerloa*
Am*r. Kxohaaice
Broadway
Bntehen' A
l.lat.
PRIOB.
OOMPAWIB8.
(•)
[PTlOM br E.
89
Qaotatlons in Boston, PhiladelphU mnd Baltimore.
Local Secarltiea.
laaaraae* 8taek
Marked thai
..
THE CHRONICLR
16. 1888.J
Bank Hlook
—
.
''
A
lO.k
1'25
iiev
10a
106 V
105
1
i
I
*
Kx^diTidauO.
t
Per share,
t
In delaslt.
{
115
107
lOiV
Laai pnoe tlua naak.
1
THE f;HRONTCLR
^G
New York
RAILROAD EARNINGS.
Latest
EOADf.
Eamings
Week or Mo
Reported.
188ii.
1
Jan. 1
to
Latest Date.
City Banks.
—The following statemuai abowH the
condition of the Associated
week ending January
XUI.
Banks
New York
of
City for the
1886:
9,
1885.
1886.
1885.
[Vol.
Averaoe Amoibnt nf~
$
wk Jan
wk Jau
wk Jan
wk Jau
Chicago & Alton list wk Jan
CUio. & East. 111. 1st wK J
Chio. Mil. it St. P. Bt wk Jau
Chic. & Nortliw ;l»r wk Jiin
Cb.8t.P.Min.*0. 1st wk J
Chlo. & W. Mich. 1st wk J
Bost. H. T. * W. 1 8t
Buff. Porli &Pitt lat
Canadian Pacific Ist
Ut
CPDtral Iiiwa.
,
Denv. & Rio Gr
Des. Mo. & Ft.D.
1st
1st
wk Jan
wk Jan
wk Jan
w« J u
wk Jan
wk Jan
wk .Ian
wk Jan
tU.Cent.(Ili.&.Sn|ilst wk Jun
Cedar F&Min iBt wk Jan
Dub.&Sioux C Lst wk Jan
Ta. Pals&S.C. 1st wk Jau
lot. Iowa llne> lst wk Jan
Total all lines. 1st wk Jan
lud. Bloom. V W. 1st wk Jan
Ist wk Jan
Long lelaml
IXMiisv.A Nasliv. Isi wk Jan
•Mexican Ccui'l. lst wk Jan
Mll.L.81i.&We«i. !8t wk Jan
Det.Luns'g.t No. Ist
Evausv. & T. H. 1st
Flint & P. Mniii. 1st
Flor. R'wiiv .V: N.I Ut
N. y. (Ity&No lo dys
Rt wk
Norfolk & Wist
Oreg. R. &N. ^o.|^^twk
Peoria Ueo.&Ev. 1st wk
list
8t.L.Ai8aii.l"i-an.!l«t
6t.PauUfeUiilutli 1st
Wi«''nl>ein *^*Mit'l 1st
Ko.iDS.
32,046
306.138
302.300
12,2831
12,11
17,5.50
Jau
Jau
Jau
Jau
Jau
1.52,873
68,20(1
11,348
58,474
51,329
8,963
12.371
55..527
17.208
17.976
1885.
8,667
19,980
91,000
20,998
11,126
22,520
118,000
18,759
124,444
30.435
326.000
294.300
65.700
18.589
37,402
7.6S3
77,960
2.896
13.582
12,283
33.110
25.778
172.100
1.400
7.500
4,300
13,200
185,300
42,095
44,090
228.305
04.000
17,550
11,348
58,474
51,329
8,963
12,371
55,527
17,208
17.976
1
65,700
18,589
37,402
7,683
77,960
2,896
13,582
33.110
25,778
172,100
1,100
7,500
4,300
13,200
185,300
42,095
44,090
228..M5
64,000
wk
wk Jau
wk Jau
wk .Ian
Wei k or Mo
Bt.L.A .VT.brVli
19,980
9 ,000
20,998
326,0001
294.300,
1
Ciu.Ina.St.L.d:C. 1st
Clev.Akrou.^;Col'lst
22,520i
118.0001
124,444
30.435
ill!
1
11,126
8.66'
18,7.->9l
.
s
1
16,102
43,089
7,166
91,5''"
4,403
12,068
29,644
23,855
195,170
1,.586
12,641
9,416
23,643
218.813
39,528
40,413
246,135
62,541
14,175
8,486
58,984
13,931
11,223
10,670
63,125
18,780
18.244
1884.
1.52,873
32,046
306,138
302,300
68.200
16,102
43,089
7,166
91.527
4,403
12,068
12,117
29.644
23,855
195,170
1,586
12,641
9,416
23,643
218.813
39,528
40,413
246,135
62,541
14,175
8.486
58.984
13,931
11,223
10,670
63,125
18,780
18.214
1884.
1885.
0*
I
^
115,885 149,079 1.076,371( 1,165.102
Ala. Gt. South'n Derember.
Atcli. T. & 8. P.. Noveuii'd- l,603,113jl,461.92: 14,318,024 15,056,801
Noveiubei.
201,537
18,182
271,535
21.823
•Sonora
106,849 1,215,245 1,124,433
115,831
Bait. & Potomac, Noveiiber.
Bnfl.N.Y.i PliU 'Dccomiwr.
Bur.Od.R.&No.'ltb wkDec
Cliesap. & 01iio.lNo\embi-r
Eli«.Le.x.&B.S. Novenibir.
Clies. O. & 8. W. Noveml)er.
Cliic. Burl. & <i November.
Clu. N. O. iV T. P. 'December.
I
ClD.Wasli.& Ball 3 wk Doc
Danbury & Nor Sovernber
i
R. G. W. December.
E.Tetin.Va.&Ga. Novoiulier
Denv.
<fc
Ft.Wortb&Ben. DeoenibiT.
Gal.Har.&S. An. November
Wk. Jau 2
Orand Trunk
Gr. B.W.&8t. P November
.
Gulf Col. AS.Pe. November.
Hous. & Te.x. C October
K.C.Ft.S.&Gult.ltb WkDec
Kan. C. 8p. & M. Itn wk Dec
Kentucky
Cent'' Noveml>er.
LRk.cSfcFt.SiniLli Noveuilier.
I,.Rk.M.Riv.& T. November.
La. & Mo. River. [October...
i
Xiouislana West 'November
Ix)Uisv.N.O. ctT. December.
Mauliattan Ele\ December.
Mar.HoiiKU.><e (). December.
Mem. & Charles. November.
205,000
180,000
80,67
3,093,514 2,796.459
234,c^80| 276,079 3,047,040 3,229,693
71,228
697,043
648,735
68,294
151,5161 138,993 1,423,569 1,236,367
2,318,05312,233,891 24,226,4.52 23,423,313
262,0291 239,030 2,681,«50 2,658,185
34,173 1,656,649 1,793,636
35,031
16,144
208,187
196,700
17,313
98,830 1,011,177
861,716
71,320
380,180 3,710,593 3,616,819
400,781
25,684
464,173
463.568
33,078
348,510 298,159 2.902,967 2,618.439
314,912 292,921 15,454,72;- 17,259.703
31,583
34,422
240,409 160,656 1,620,881 1,585,547
461,538 348,49 7 2,000,231 2,060,575
56,949 2,514,107 2,422,444
51,026
41,710 1,503,873 1,204,274
37,346
81.965
787,051
76,659
855,377
80.557
541,467
88,108
512,559
43.353
311,300
54,891
313,447
71,118
56,209
466,142
572,503
54,526
64,238
548,671
424,717
74,4!)8.
230,956
629, 1 49
28,059
598,477
21,425
142,185
122,282
11,972
151,985
824,545
819,993
1,180,915 1,254,049
119,321
1,404,479 1,456.790
14,380
558,330
520.446
171,555
1,584,264 1,650,467
35,242
272,503 284,637 2,047,367 2,160,412
473,588 424,46(i 3,720,542 3,156,069
181,488 196,(X)] 1,941,200 2,161,170
82,821
97,765
698,28
597,446
tN. Y.L.Erie &W. .^veiijber. 1,570,693 1,371,519 14,539,488 15,279,090
K. Y. Pa. .V O. November.
502.690 487,970 4,627,466 5,168,8K7
N.Y. &.VewEus. N veiuber. 309,743 254,420 3,138,448 3,007,663
N. Y. Ont.& W.. N.ivemner. 155,187 151,970 1.725,592 1,803,965
N.Y.Susq.iiWi'St Noveuilior97,344
97,275 1,005,949
946,524
N. ir.Tex.&Mox .Novembi^-.
24,751
Northern ("ent'l 'N.ven.ber. 483.594 474.805 4,983i223 5,679,609
Northern Paeillc Deceiuiter. 801,823 7.58.229 11,376.151 12,613,305
Ohio & Miss
November. 301,961 270,033 3,366,711 3,419,883
Ohio Sontliern
Deceiiib r.
53,084
47,110
479,033
473,002
Oregon Imp. Co. October..
309.358 333,129 2,419,059 2,837,513
Oregon Short L. October.
176;833 123,409 1,499,925
771.777
Peun8ylvaula...i.Viivo iii er 3,971,539 3,950,937 11, .568 3 .;5 44.797,583
Phlla. & Erie ...jNovember.i 309.10
326,289 3,0x2,825 3,379.022
Phila.AHi'adiu,!; S'ovemlici-. '2.666.4.50 2,554,133 26,638,014 28.C,5(i,.597
Do C. & IronNiiveinboi-. 1.605,748 1,645.577 14,615,568 15,386,151
Elcbm'dA:Danv. Dewmber] 344,900 366,700 3,960,258 3,873,715
Ch. Col. *Ang. Ueceuibcr
75.810
82,673
810,437
775,104
Columblai^iGr. December
76.275
82,069
697,232
686,993
Georgia Pac...'Niiveinner.
72,928
72,397
600,344
528,382
Va. Midland.
iccember.
124,1.59
115,613 1,544,174 1,590.097
Wcst.No.C'ar. iDcce nber.
39,573
36,954
466,947
435,434
Rome Wat. &Og.:.Vovcnib,r. 167, K35 156,465 1,583,644 1,576,270
Bt. Jo. <& (id. Isl. i:h wit Dec
23,6761
20,360 1,073,074
Bt.UAltondiT.lI. ttbwk Dee
32,760
28,158 1,252,943 1,323,926
8t,I.rf)Ui8 & Cat' o, 1th wk Dec
5,746
4,666
Bt. L. F.S.6i \V.4tb WkDcc
18,402
11,364
647;33i
503,040
BtiP.Min.A- Mau.lDecembei
685,744 819, 139 7,490,320 8,314,197
Bcloto Valley
November.
52,742
.1
BouthOaroliiia.. November.
113,119 133,831 1,029,329 1,162,094
1.50,961
•Max. N.. all Iines|Novemlter
Milwaukee <k No'lib wkDcc
Mlnn'ap. <feSt.L.;Noveinl>er.
Minn. (jcNortlnv. November.
Mobile & Ohio
December
Morgan's La.iVT. .Nov, mber.
Nash.Ch. ifeSt.L. November.
N.O.&NortlU'as Decern iier.
.
'
1
bo.Pac.Ci)nii>'y--
AtLin. Sysleni November. 1,033,077
861,008
Pacitic sjstem'November. 1,715,5 19 1,971,047
Texas & N. O... Noveinner.j
91,9,)0
84,157
TuxsB Centi-al.; November.
3,5,211
Tex. & St. l.K)uls:4thwkD,.cl
30,9 i6i
TJnion Paclttc.
N .vember 2,429,279
Vioksby* Mer.lDeceiniier
74,0 iJ
VIckab.Sh.&Pae.'Deceiiiber
70,9 i6
Wab. St. h. A P. '4th WkDcc 302,419
KWoot .Ic.ap..
V ve b"r
S5,3-i'
•Mexican eiM reucy.
4 Not liicludiux' eariilnga of
I And branohe*.
8,139,435
6,975,609
892,2,32
776,387
238,709
28,283 1,237,358 1,646,633
,414,238 23,576.684 23,337,704
"
.ISH.l.Tl
62,S82i
507,267
55,.560|
449,581
292,842
353.244 13,8 15.686 14,911,063
«! « I'M l.lilon.> l."3<i.5ia
1
Loana and
than U.
»
a.
*
New York
10.71S.000
2,853,000
780,000
10 85S.00(i
Manhattan 00
150,000
111
000
4.4'24.000
e-)0,fl0<
7.419.600
2,744.200
1.901,000
13.16M.OOl
9 116 201
343,800
3.13.'>.400
926.900
502,000
616.300
420.000
3><5.00C
Merchnnts*
Mechanics*
„
OSS>
8.ftU«.000
12.1 03.000
.
America
Phenix
2.H84,(.'00
9.e67.H)0
City
4.6;2.i'00
42 .600
1)97,200
lu.HlK JOO 11,1 4.900
3.1 ; 2.61)0
628900
5.>-5n.S00
456,600
l,B--7 300
3;iO,900
2
1 3
'2 200
121.400
1,004,01)0
150, .-,00
3,310,01)0
032,100
1.144. 'ion
34 8.800
3.810.41)0
462,000
Trartesmen'fl
Z.37.^>.h00
1.275,.-,00
Fulton
.
Chemical
MerehantB* Exch.
QallatiD National..
Bntehei's'A Drov..
Mechanics* & Tr..
GrHenwich
Leather Mnnafrs.
Seventh Ward
State of N. Y
Arnerlc'n Rxch'ge.
:
Commerce
6.539,000
Republic
6,'<!7.<,80O
2.712..'^0!
ti.07» 9 10
Chatham
4.0U..nO0
Peoples'
1.1)80,700
4 OlO.iiOO
9.17J.2I)0
3.03 1.000
2.B:i6,600
2 4 114 110()
3,0!l6.-00
Pacific
Noith America
..
Hanover
Irvin«
Citizens'
...
...
2,^1:^,00'
13, 16.'.401
247,700
163,6 )(*
141, SOI
2.;U 1.601
1.743 30)
90.000
085 0"'
22 710.100
373.500
503 SOI'
412 900
8,471.401
119.800
4,302 600
l,.-76 800
1,5 3 00(
Sh^2.100
2,«oo
520,700
44,000
188,-<00
16,000
4,112 300
1 151,000
1,638.800
6»5,10O
1.4H6 600
4.;i
5,737.ti00
...
8.052 "0'
12 383 60)
l.O.^.'i.OOl
1
17.542.3,')0
Broiidwar
Mercantile
163.900
1.0r0,30)
287 300
a.Hi7,900
99,400
548.9)0
1 334.000
1,H92.400
433 6O0
6)4.600
14 3,. 00
276.200
1.234.601
936 400
246,400
693.700
2,900 000
4,072,000
6 llio 900
39.700
2.101.400
4,835,900
11.236.100
3.73i!,7l)0
2.73-.700
2 9 20
•2.7'i8
90.200
466.000
2 02-.000
5.571.800
4.8H0.400
478.300
H7 1,000
759,700
7SO,600
1.77, .'200
35-1,000
Importera'A Trad.
20 669.500
6.,'i;8.40O
Pi.rk
li*.
H>'.800
1,692,00(1
4,8 0,600
1,<!3 1,1)00
2;iO.10O
3,552. »00
.
.....
1.934.300
Nicholas ....
Shoe A Leather.
Corn Exchange ..
Continental
3.v!:<0.000
Orleulal
North Hiver
Bast River
Fourth Natituial.
16.667.000
8,701,000
Centra] National.
Second National..
Nmth Natlimal...
1.365,200
-'27,000
800.000
318,000
1,835,600
a, IMX.IOO
1,181 101
9"5,aoo
351,200
2,870,000
2.4 11,000
6.535.1,10
1,
19 0,0,900
1.974.00
First National
Third National ...
N. V. Nat. Eich..
140.S00
51.1.300
23.«13,ll00
26.3 4,000
980,'-'00
3.<O.20l
l.')8.»00
1.279.6
Bowery
2.1
480. 500
•297.900
181.800
•2.4~.s.6)0
N. Y. Ooonty
3i;9.8l)0
386.300
75J.600
2.HI0.1))0
3,«3-1.700
3.10 201
741)
17-1
701
rnian..\iaeric'n.
Chase National...
3 2.-)3.700
Fifth Avenue
(lernmTi Rxch'nge.
Of rraania
3.01'2,70O
2,1 0.1.700
G
United States
1.9- 6.300
3.3;!.. too
Lincoln
2 211.800
Oarheld
1.2.'V5,600
Filth National....
B'k of the Meirop..
1.17X,10(l
Weal
2sO,000
300,700
8(7. soo
522 loo
•219 200
216.7i)0
1,2 19.000
01.300
10
3, (•24, 000
2.820 900
2.6.)2
900
1611.H01'
8.473.900
252,800
234.400
IH0,90O
3H.!100
3."iC\10l
l,5"0.600
1,35 1,300
180,000
44.700
45,000
133,000
29.1,20.1
25'2,I00
205 5il0
387,000
282.500
1,9.'8.41)0
11)0.00)
l,9)-0.700
192,000
339. i7 ',700 93,0-J2,100|31, 117.700 383 397, 600
9,854,800
|
weeks
totals for several
Specie.
£,.
S
past:
DepoaiU.
Tenders.
OirciUatioh .430. C'lear'c*
$
D C.26 336. h;<x.3O0 90.98-1,200 27.2 12.700 373,95).O00
M'au. 2 339.1109.800 h9.72l.li)0 28.'ill8.'200 37U.H. 9 300
'•
9 339,8; 3,700|l'3,0-)2, too 31,117,700 38.1.397.600
$
BostOB Banks.
$
I
$
9.924,400 636.731,162
9,97;i.800 «OK,087.197
9,834,800 7.6.037,847
— Following are the totals of the Boston banks
dpecie.
Loan*.
L. Tenders.!
Circuiatiim dgg. Clear'ga
De.poaita.*'
6',»53360
4,247.900: 11 2.846,600 21,131.600
3,781.400, 113,62 <.9l)0 ai,13-,2oo
153,703,200| 10,816,6001 3.632,t)00l 113,616,900 21,203,600
Deo.28 153,043,900,10,371.000
.53,B9>. 600 10,456,000
'
Ja:i.
45i000
1.4SS,700
1.611,500
The following are
1885-6
178,900
223,300
IsO.OOO
2.l)!2.:00
Siile
Loans.
4..
42k),70O
10
580.O00
342 501
2
22i;500
180,000
247,000
30,000
45.000
4.5h2 800
l.sl',300
3.2'9,:tfl0
Seal) ard
Sixth National.
Total....
126.900
i
45,000
1.756.000
1.144,000
17,924. .500
10.H6 ,0)0
3 0.1,000
8 8 IM.8'11
20,S47 010
6.341.100
1,273 000
2 053.501
2 «.7,ooo
433',S0O
440,900
674.600
40 1,000
84.000
600
3.691.000
4. -75.!) 00
6 612.600
2
0,100
'274,000
1,119,100
3,013.400
155.000
180.000
319,700
262,000
3.165.001
63,1.900
Naasau
Market
St.
423,000
45,000
4.
121.200
303.300
689.S00
852,100
27«,400
t)50 0,10
663,000
896,600
45,000
3,25O,.'O0
43'<,21)0
961 300
K03,300
234,700
16 264.000
16 087.9110
5 0-0 HOO
7.3H6 500
39s 200
Philadelpliia Banks.
—The totals of
81.617,2«S
97.246,116
the Philadelphia banks
are as follows:
Loans
1886-6.
Law/ul Money.
J>pogita.*
26,372.200
27,079,600
81,751.800
7,3il2.,300
83.837,0011
2S,O07,O0
-15.6-2O.80O
7,382,,iO0
7.366. 101
83,749.500
83,272,600
8 .',902,200
*lU01UilluK toe Iteiu -iltie
Hec. 28
Jau.
2
9.
.
week
— Following are
Brooklyn Klev'd-Stock.
lst luort
inor:
W.& BaU -Stock...
Cout. Cons. Imp.
Dc.iv.
I'o
—
inorl.,6a
lst
90
u.c
N.y.i:liic. St. L.. Cent,tr.c,
S-a Ohio l;euu Kiv. L>iv.,i.'»t
—
a
Cent, trust ceit
8 "4
12
...............
Cent, trust cert-
34"
102
68
"22
I'li'ia
10'
105
rnort
ItiCD.iie.s
46
2:V
17
I4
A
Texas A
St.
&
M.&
1st Hiort
2^1
Incomes
New Jeri-ey A
,'ex.
1
64
Isi
>.
Louis— SuOa
.
Sl.L.IiiMA Div
A. l)iv., Ist lU.Mt.
Y
iiuii-t.,
Stork
in
Tox^H
when
M. Dn. Tei.— .-^tocR
V W. 'SI).* «.- stock.
2\
Ttecrganization certs..
50 iv
North. Pac.— Dlv. bouils
90 "4
•>
9
20
34 '4
31)
29
20
iii
48
50
10
4 '4
6..
&
Pref
U.S. KleotrlcLight
2V
.
...
Vicksli.tt Meildla:i..2d
I
91
M
Incomes
N. Car.— 1st mort...
West
25
651a
18
68
'a
10
2
84
2
OS's
S-a
10
92
10
isa led.
del.
28
2
«S)
lst M., or when l-..su.-'(t.,
2d M., or when issu •(!..
5i\i
Tol.
O. L'ou. com. st.iclv.
2ia|
ly
Prel
N. V.
m
7",
9
8^4
(•
N.
11!
1'4
&
17
63
!H
Southern T«l.— stock
1st nioi t. bunds
State of leuii.— sei t.3s, x
14
Grand Isl.— SfK
I0b>4 St. Jo.
4413 Texa-* A i*ac —Scrip 1.^84
103
crip 18S3
Fref
.
Atlantic
.let mort
Pitishurf< A Western
1st inort
Postal rele^i-apli— Stock.
1st mort.. 6a
Postal Tel. Cable— stock
160
tM-rly Motor
Mexican National
Pref
1st oiort
&
Peusacola
361-1
102'>4
Ast.
27",
23
ei\i
Hcntlersou Bridge— Stock
M. 1, .A T.— 'eoome scrip
Mich. Jfc Ohio
Biit.
North Riv. tlons -loo
* Kio ().. U.S.ir.cer
Ueuv. Jl KloGi.W
KdiHon Klectric Liiiht. ..
Georgia Pac Stock
2il
46,125,089
47,451,313
60 367.t28
latest quotations for
SecuritUs.
Securities.
2il
!
past:
Atlantic ,& Pac— Stock..-.
Cent. DiT.. l»t, ohl
Bout. H.T.dt West.— stk.
DoOeuturet*
Bun. N. V. * Phila
Pret
Trust bonilfl, 6s
Cln.
Oircutation. Aqq. Ctear^gs
to utner oanlCH.'
UnliAted Secaritles.
.<
New York Pennsylyaula ii Ohio »>/<~.
road.
Vet Depoaitf
LtQOl
Tend«r«.
8|><«<<.
HiMountt.
85
41
•20
35
4H
46
13
88
Jaxuaby
m
THE CHRONICLE.
16, 18F6.
%nvi cattntvit
%nHvan&
The following statement
exhibits the results of the operaof the system of tho Central Railroal of New Jen«ey during
two years, including in the flxe<l charges the dividend of six
per centum under the terms of the lease of May 20, 1888
ti in
Sntelltgeuce,
:
Reer.iplB-
Tho iNVKSTOiis'SoppLKMKNT oontaitu a complete exhibit of
the Fuwleil Debt of States
and
Cities
and
of the Stoi:ks
and
Bonds of liailroiiils and oi/ier Compunies. It is iiiildished
on the last Saturdai/ of eonry other month —viz., Febni'iry,
April, June, Annnst, October and December, and is furnished wiUtont extra charye to all reiiular subscribnvs of the
Chkoniclb.
Evtra cipies are sold to subscribers of the
CaaoNicLe: at 50 cents eaoh,
and
to others
than subsoribert
at |1 per copy.
1883-1.
fo.l trHllio
Merrhandio
9\:J09,129
tniltlo
'.
I'B-«wiger traillo
Miacellttueuiia
Kxpenses
Net earnings
T^„-.,,,. J Ki»ed charges..;,
"*" ™"" J Ulvidends
ANNUAL REPORTS.
Defloit,
188(-.1.
$.'i,3!»(l,,'i,5t
2,47H.'i73
2,147,11112
V<6.389
2,l.')0,:(7il
4iU,(i02
411,881
910.441.095
5,995.114
$10,800 468
$^.44.^,n80
4,800,4;!O
$1,(101,286
,,.;....
for the year
5,fce9.2C0
1,118,792
4,835.N.n
1,113.793
S5,920,212
$1,174,231
$3,939,1(3
$i, 338,377
PLOATINCl DEBT.
Philadelphia & Rending.
(For the year ending November 30, 1835.)
The annual report of this corap iny was aubmitted by Mr.
Keim, the President, at the annual meeting this week. The
income account was uiven last week in the Chronicle, on
paKe 61, and the tables of tonnage, passengers, floating debt,
the statements accompanying the Phila. & Reading
report it will be observed that there has been a considerable decrease in the floating debt, and a large increase in the
funded debt of the company. This has resulted from the sale,
at very great sacrifice, of collaterals pledged for the company's indebtedness." « * *
'During the ye-ir 1885, the receivers, by the mandatory orders
given
below.
The report says
etc., are
"The avo' age price obtained for coal at the mines for the of the Circuit Court, have been restrained from making any
payment on account of Che principal of the floating debt, and
years 18S1, 18«3, 1.S83, 1834 and 18ci5 was as follows
have been restricted to the payment of the inCerest thereon.
18*1.
IS^Ii.
1883.
18S4.
1S85.
The interest on the floating debt has been paid from time to
$1 yi
$1 87-3
$1 88-4
$1 81-1
$1 t>.>-2
time by the receivers, but this was not suBicient to enable
TONNAGB ANI> PASeK.-fOBRS.
them
to protect the collaterals from sale, and when in th&
183.'-a.
Tons of eoal carried on rail18R3-4.
1R84-.^.
road
13,yjB,l93
11,879,997
12,^30,»!I4 latter part of the year 1885 the market value of the securitiesToLR or nu'rehaiidise eariled
of the company materially improved, mtny parties holding
on rallro:td,iiicludingcointhe debt of the company took advantage of the prict>8 they
P,94R,970
Iwin'Mfrelirlir,
8,'1I,236
8,3fl.'?,743
Paasenircrsciirnedoii railroad 2-.',l5u,059
2l,011,7t>8
were then enabled to obtain, and sold the collateral oecuritiea
23,'>3\,Oal
Tout) of coal Irausoo. ted by
held by them, in payment of their respective claims."
531,403
steam Colliers
543,141
553,.'5C.'>
At the elose of tho fl(cal year, November
18S4.
lsS5.
Tons of ciial mined by Cjal &
30. the fl.iatingdebtof the railrod comIron Co
4..582.667
4,fl2->,9-7
pany, including receivers' certitleatca,
5,236,528
Tonsof eoal mined by teiiiiuts
1,491,461
74(3,697
w»H
80,<,BS0
$12,081,241
$9,8il,747
7,770,915
1(>,980.877
NoTi:.- Coal 2,240 llis. per ton. Merchandise 2,00<i Ibn. per ton. In Current liabilliiea
1882-3 the Ceulial of X. J. llgurcs are given for the /«W year for comTotal
$19,S57,053
$20,832,824
parison.
The tloaiing debt of the Coal & Iron C!om"In instituting a comparison b-t ween the results achieved in
pany November 30, lucluding leoevers'
cer 1 "catep, was
the years 1884 and 1885 with those of the year 1883, it must
$2,003,253
$2,809,499
Current
liabilities
1,65 ,ai4
1,1 «,Oo4
be borne in uiind that the year 1883 was one of exceptional
and unusal prospei icy throughout the country generally and
Total
$3,660,567
t4, .37.553
in the coal trade, while during the last two years, in co:,se- Total for both
companies, Njvemlier 30... $23,">17,d23
$
-70,177
of
the
quen'e
great business depression prevailing, and other
The above shows an increase in current liabilities of
causes to be note 1 hereafter, the reverse was the case." *
*
$2,980,802 and a decrease in floating debt of $1,438,248 ; a net
"The decline in the general merchandise
"From
:
:
1
.'5,
rates in 1884
to an average of 6 5345-10000 per cent as rorapared
-with the average rate of 1883, and of 12 7874-10000 per
cent in 1885 as compared with the rates of 1884. In this
falling off of its general merchandise rates this company of
course only suffered in common with other railroad companies, but other sources of its revenues were so peculiarly
disturbed that a brief explanation is necessary to enable those
interested to understand the situation, and to intelligently
compare the results of the past two years with those which
have prect-ded." * » «
"The earnings of the railroad during the last year were also
reduced by local competition. In May, 1884, the lines of the
Pennsylvania Railroad Company were opened between Philadelphia, Germaiitown and Chestnut Hill, and in the Schuylkill
Valley to Norristown, and subsequently the latter road was
extended to Puttstown, Reading and Hamburg. The pa-ssenger receipts of th^ entire system for 188i show a decrease of
5 7-10 per cent as compared with 1883 and of 7 4-10 as compared with 1881." » * »
"In view of ttie suspension of the building of the South Pennsylvania road, and the interference therebv threatened to the
contract and traffic rights of the Reading Rulroad Company,
existing under the terms of the contract of D^ C-'mber 11, 1832,
amounted
between this company and the South Pennsylvania Railroad
Company, procee.lings in equity were instituted by the order
Of the management to protect and enforce the rights of this
company.
Common
Th-se proceedings are now pending in the Court of
Pleaa of Dauphin County." * * *
A
(ENTK.\.L
OF
NEW
JERSEY.
proposal has been made to the Central of New Jersey, of
irhich the report says
"The proposition submitted was as follows:
" 1. The Reading Company to pay over to the Central Company the
net Income deilved from the operation of the railroada embraced la the
:
yCDtral aiHtim.
" 2. The net earniiies to be ascertained by division of traffic and
the
MeountioK up n tho same basis »» if the lease had not be.-n m ide, so as
W
prevent a. rlveisiou or dUirli.^tion of t atlic to the prejudice of tho
Central Company.
,
".'"'""'"'''* sppointed By the Centrsl Company, to be paid
'l^.'f."
out
of the fumis to he p o.id-d by the Reading Company.
4. Enlarged f eedoiu and in lepe .dence of action to be given to the
ITBnagemenn.f the I entral C.miiany, as ^h*ll be foumt poSKlhle and
•xpeaienr, not ln>oivi If any iuierfercnce with the tradic or phynical
manageiuent of the Central system, as will tend to adsauoe the bubini 8s of the Central Cinipaiiy.
"*" """" etltclent management of the business of tlie
f-''^
T'J>'""""''
tontral
C)mii.iiiy threBhallbe created a J..iut advi...ory eouimi t.>M
of
rour, t..b>app,.in.,-,,lr.-8p.-ctivsly by the b..arrts
of tno Ceiii at, Reading and l^higli Navig.itioii companies, and Reading
receivers, Co niuke
«ucu recommend .tions from time to ilmo as mav lie c deulaiea,
in their
judgment, to advau. e th,- iaiere.-if of the Central C mpany.
'",,"'"' "' "'? "'" »"'"•'• tl»e proceedings for the forfeiture by the
r>«r.Vi
t«ntralCoinpany of the le* e to the Reading Company shall be sua|.«aded without i.r,)udlee Until the results to be derived from
the fore-
Bjoiugarrangemem eunOoasoortaiucd."
*
*
'
increase of $1,552,551.
Biiflfalo
New York &
Philadelphia.
{For the year ending September 3), 1835.)
The directors submit their annual report for the year ending'
Sept. 30, in which they say that the decre:)se in gross earnings
is entirely on passenger and express business,
this is caused
principally by the change in location of oil belt, which formerly
gave their narrow gauge lines a very large and remunerative
passenger and express traffic. Since the change in location of
oil territory, travel has decreased materially, as also express
business.
The decrease in passengers carried one mile, as
compared with 1884, is over eleven per cent. The average
receipts per passenger per mile increased one and one- tenth
mills.
The increase in operating expenses is explained as
follows Conducting transportation $60,126, of which car service or use of cars of other companies on your line (owing to
shotage of cars) was $36,461. 'The increase in motive power,
$36,4*j2, is caused entirely by the rebuUding of locomotives.
The condition of the motive power is improved over last year,
but It will be necessary to still further improve it, and during
:
1»86 at least five new locomotives must be aided, besides
repairs to those reported in shop.
Maintenance of way expenses show a decrease of $42,069.
Notwithstanding this fact tlie track and bridges have been
much improved since last year. General expenses have decreased $43, 138, a portion of which is accounted for by transfer to conducting transportation dep irtmenc.
The ratio of
operating expenses to earnings was 74 5-10 per cent in 1885,
and in 1884 71 6-10 per cent. It must bo remembered that
rates were very low in 1885, and tliat low rates materially
affect operating percentai^es.
"It was believed that the abnormal condition of the coal
trade which prevailed in 1884 was but temporary, and that a,
revival of the general business interests of the country woul4
create a demand for coal." » * * "But the present condition of the coal trade in the territory covered by this company
is unsatisfactory, in fact much worse tlian ever before, becaus©
the producers located on the lines competing with this road
have inaugurated a war of prices for coal at destination whicbi
threatens to result in the '.-urvivalof the fittest.' " * « "Fortunately the miscellaneous local tonnage, which affords better)
making general
rates, has been developed and improved
the improvement
and growth continue steadily, so that the loss on co il traflio is
more than met by the revenue from other closes of traffic, as
will he seen bv comparison of tho freight earnings of 1S84 antf
;
1885."
*
*
*
" On May 20th last the company was placed in the hands of
the United States Circuit Court for the Western District of
Pen isyivania and the Northern District of New York. The
couris uppouited G. Clinton Gardner receiver of the property*
.
.
THE CHRONICLE.
92
[Vol. XLir.
Winchendon, connecting with the Cheshire and Monadnock
roads and under an act of the Legislature, approved April
1885, the road was,23, and accepted by the stockholders Slay
July 1, consolidated with the Fitchburg and became a part of
aud has
continued to operate the road advantageously
No receiver s
materially improved its physical condition.
date, and it is not tbe
certificates have been issued up to this
it can be avoided
means
any
if
by
any,
issue
intention to
and supplies
The current obligations of the company for labor receiver has
have been kept within reasonable limits, and the
inortgage
paid interest due June and September on the 2d
due J uly 1st,
bonds, also interest due on the 1st mortgage bonds
October 1st.
and upon the Oil Creek registered bonds due
purpose oi
The above interest was paid by the receiver for the
proceedings under
Foreclosure
intact.
property
the
keeping
He has
have seriously
either of the above-named mortgages would
and mignc
interfered with any proposition for reorganization
has
have rendered the capital stock worthless. The receiver ana
court,
acted impartially under his instructions from the
far as he can possibly
is protecting stockholders' interests so
do 80. The interest due on Warren & Franklin Eailroad
August Ist was paid by the guarantor, the Philadelphia <K
Erie Railroad Company, and is yet a debt of your company.
The charges to interest account have been made in the
funding
treasurer's accounts to September 30th; under the
unpaid
plan, they amount to $894,610. All cash interest
amounts to $714,060; if the scrip coupons be added J'z.,
1623,625, there are unpaid coupons amounting to »i.*'ff';'j°2-Q
bonds
;
".,
*
this road."
'
'
*
*
During the year we have, under authority of the
as follows;
OPERATION'S AND FISCAL RESULTS.
1884-851883-84.
1882-83.
1881-82.
228
189
189
189
Total miles operated
Operations
3,791,035
3,542,936
3,158.643
2,939.423
Passengers carried..
Passenger mileage.. 47.628,311 50,607,619 54,622,010 53,418,653
1-83 cts.
1-65 cts.
1-77 cts.
1-71 cts.
Rate i>er pass.p.niile
2,031.122
2.112,155 .„ 2,158,283
1,822,262
Freight (tons) moved
-,
„„._.„
161.905,7oO
163,056,462
Fr'ghtdons) mileage 129,818,076 153,86.5,420
1'06 cts.
1-09 ots.
1-19 cts.
1"17 cts.
Rate per ton p. mile
1171,858;
Bills payable account has increased for the year
$3,0o0,000
total amount now outstanding $1,657,848, for which
bonds at par value are pledged.
Comparative statistics for four years, compUed for the
—
.
—
Earnings
Passenger
Freight
Mail, express,
$
&o
Total gross earn'gs
Operating expenses
Taxes
1882-83.
1.162.363
Passenjrers carried
27,011.591
Fasaenger mileage...
2-90 ots.
Bate per passenger per mile...
2,627,959
Freight (tons) moved
171,975,117
rreight (tons) mileage
1'052 ots.
Average rate per ton per mile.
$
901,753
1,775.248
121,156
979,205
1,712,162
128,752
2,452,729
1,859,555
14S,331
2,858,678
2,015,517
142,394
2,798,157
1,979,609
151,796
2,820,119
2,009,863
137,097
2,007,880
444,843
2,187,941
670,737
2,131,405
e»6,752
2,146,960
673.159
1883-84.
1884-85.
$
666,752
58,500
673,159
71,130
'
Total expenses.,,.
Net earnings
1881-82.
—
$
691,876
1,810,733
61,999
1,854,114
68,784
2,614,774
1884-83.
1,16 ',402
24,118,963
2-93 f-ts.
2,417,973
276,991.830
0-601 ots.
Receipts—
Net earnings
Premiums and
$
624,797
1,649.813
60,874
2,335,514
83,781
425,524
506,981
69,781
343,760
416.484
111.532
520,290
522,098
84.476
•432,961
1,714,759
2,087,841
1,880,667
888,859
526,933
454,847
1883-84.
1884-85.
284,<129
Transportation expenses.
Taxes
Miscellaneous
Total
Ket earnings
Total income
Disbursements
Rentals paid
Interest on debt
—
Other interest
Dividends
Rate of dividend
Total disbursem'ts
$
626,933
42,300
454.847
87,924
Total income
983,369
.369,233
512,771
$
9
RR.
•104,271
1,131,745
777,737
725,252
744,289
239,572
132,500
46,229
297,000
230,164
177,500
31,225
297,000
216.809
200,000
12,332
272,250
212,581
220,688
(6)
(6)
735,301
755,889
Balance
(5)
720,769
def.6,139 8urp.23,520
731,391
dcf,129,458 surp.21,848
year ending Sept. 30, 1885.)
is mainly statistical, and the year's reThe
sults, as compared with 1883-4, will be found in the tables
below. The surplus over fixed charges was $37,717, which
was mostly applied to the purchase and cancellation of bonds.
EAnNINOS AND EXPENSES.
1,275,935
130,751
894,filO
17-J,833
1,406,686
1,067,443
def.55J,672
1884-85.
a??n'?o^
"liV',?i
m-'Ri
5a,4£7
$109,263
179.089
56,776
$347,132
$343,128
$55,698
29,921
37,002
IZ'ZXS
37,237
$18,697
28.770
34,747
34,445
41,374
Net earnings
$197,635
$149,497
INCOME ACCOUNT.
$18^,033
$157,095
Net earnings
$149,497
Passenger
Freight
Mall.express,
&o
Total gross earnings
Expenses—
Fixed expenses
Terminal expenses
Train expenses
Carexpenses
Tonnage expenses
396,000
Total
Total disbursements.
247.500
(5H.)
Earnings—
888,859
99,510
Other interest, Ac
Dividends
603,343
annual report
Receipts—
Net earnings
Kentals and interest
Disbursements —
s
670,737
107,000
(JPbr the
INCOME ACCOUNT.
1882-83.
1882-93.
444,843
161,000
Petersburg Railroad.
Includes overcharges, $205,061.
Bufialo Pittsburg A West,
Interest on bonds
rents.
Balance
Maintenance of way, &c.
Maintenance of cars
Motive power
•
1883-84.
1,173,439
27,181.709
2-82 cts.
2,376,534
211.010,876
0-788 cts.
730,S86
2,603,618
Total gross eaminga..
Operating expenses
$
INCOME ACCOUNT.
OperatioHt-
Mail, express, i&c.
.
897,222
1,835,422
126,034
OPERATIOHS AJTD TISCAL »ESCl,f S.
Paseenger
Freight
-
818,772
1,521,576
114,381
Chronicle, are as follows:
Earnings—
1.632,016
det.643,647
def.837,4.53
1884-85.
1883-84.
*
Net earnings Oct. 21 to Deo.
Liegis-
purchased all the stock of the Ashburnham Railroad,
extending from Ashburnham Junction to Ashburnham, 2"09
miles, and took possession of the same on April 22, 188a.
Statistics for four years, compQed for the CHRONICLE, are
lature,
31, 1882. included in report for 1880-81.
Fitchbnrg.
{For the year ending September 30, 1885.)
The annual report of this company is just issued in pamphlet form. It includes the earnings of the late Boston
Barre & Gardner RR. (now the Worcester Division) from
March 7 to the close of the year. Therefore, while the gross
earnings show an apparent gain, as compared with the previous year, tbe Fitchburg proper shows a loss in gross earnings of about $71,000,
This is wholly accounted for by the war of rates in through
business which has raged through the entire year, prices having been lower than in any previous year in the history of the
road, freight through the tunnel being for months carried at a
positive loss.
Through freight shows a loss of $127,277,
through passengers show a gain of $2,902, local passengers a
gain of $74,548, local freight a gain of $64,192, express and
mails a gain of $5,373.
" The purely local business shows a very satisfactory gain,
and justifies the belief that continued care of that class of
traffic, from which dividends must largely come, will in the
future tend still farther to our advantage.
The Board congratulates the stockholders upon the fact that in spite of all
the obstacles with which the road has contended, a dividend
has been earned, the value of the property fully maintained,
and furthermore that rates for both passengers and freight are
at la-it fully restored, so they have reason to believe that our
through business for the year to come will pay us a fair
profit." * * *
"The work of double track ing on the Vermont & Massachusetts
Road has not been wholly completed in 1885, as was hoped.
The bridge over the Connecticut River has been built, and that
over the Deerfield River is well under way, leaving about one
and one-half miles to finish the second track to Greenfield.
"On the 7th of March this company took possession of the
Boston Barre & Gardner Road, extending from Worcester to
(Gardner, where it connects with our main line, and thence to
Dishursenien is—
Interest on debt
Dividends on preferred stoclt
$110,535
Total disbursements
Balance, surplus
"
$157,692
*'^-^J.'*29
9,671
9,439
$121,091
$28,406
$119,974
$37,718
Including interest received.
GENERAL INVESTMENT NEWS.
Baltimore & Ohio.
—Incorporation
papers have been
filed
New
Jersey for an
in the office of the Secratary of State of
Jersey part of the system. This is a
addition to the
small, but important road, six miles long, to begin at a point
on the Rahway River, in Clark Township, Union County, and
to terminate iu the same county near the mouth of Morse's
Creek and opposite Elizabeth. The spur is to be called the
New York Railroad, The amount of the capital
Baltimore
stock is $1,000,000, divided into $100 shares. The incorporators are Jonathan H. Blackwell, of Trenton, who takes 246
shares John A. Hall, of Trenton, 254 shares Moses S. HigBenjamin A. Vail, of Rahbie, of South Amboy, 325 shares
way, 230 shares Henry W. Miller, of Morristown, 270 shares
Cyrus S. Sedgewick, of New York, 275 shares, and Thomas
M. King, of Pittsburg, 8,.500 shares.
New
&
;
;
;
;
;
Boston Hoosac Tunnel & Western.—The following
ment is made for the half-year ending Dec. 31
state-
:
Earnings
Expenses
1885.
1884.
$299,369
240,393
$288,155
282,194
$5,960
$5-1,976
Net earnings
earnings for Deinclude taxes. The estimated
^
cemberare $49,850 gross and $13,200 net, against $38,263
gross and a deflcit of $2,668 in December of the preceding
Expenses
^_
year.
^
,
—
January
—
THE CHRONICLE.
18, 1886.]
A
Buffalo New York & riina4l«lphla.— press dispitcli from
Buffalo, Jim. >i, »aiil thut a mietiiig of the liolJerH of Urst
and Becoiid mortKiige bonds of tliis rmlro;ul company wiih lield
proposition from the sj n.licate
to decide whether to accept a
retire the first and sfcond
of third niort;;nge bondholders to
bonds and receive a new consolidated 5 per cent bond in lien
was decided timt they
thereof. After considerable debute it
would consent to receive payment at jiar and accrued interest
W. S. Bissell was authorized to
in cash on or before April I.
report this action to Carl Sclmrz, the attorney for th„< Amster-
93
Mexican Central.- About
$17,600,000 of the 7b have iiursbeetii for 4 per cent sheets.
whi(;h latter are honored at the otiice of tne Boston Safe
Trust ('ompany; this practically aasures the •ucceae
Deposit
of the scaling plan.
rendered the 7 per cent coupon
&
&
"We
Co. report
Missouri PhcIAc-Dow, Jones
understand that Missouri Pacific plan is this The stockholders will
be asked to consent to increase the capital stock from
$30,000,000 to $30,(X)0,U()0. This can b<! done, as Mr. Gould
owns control. Stockholders will then be olfered the right to
subscribe to $8,000,000 of the new stock at par, payable in
dam syndiciite.
Ciuciiinati liidiaiinpqlis St Lonls & Chicago.—Tlie gross two instalments of 50 per cent each, or at once if desired.
and net earnings and charges for November, and for five The remaining $8,000,000 will l>e kept in the treasury to build
future branches, &c„ so that the bonded debt will not be
months since July 1, have been aa follows:
increased. This $3,000,000 may be offered at some future
July 1 to .Vo». 30.
NovciiiOer.
1885.
IbSi.
1984.
188r>.
time to stockholders. We understand that the first $3,000,000
*1,1I2,I.77
$l,018;i3ft
*X96,313
$194,«78
OrossCBmlDM
is on branches already built from surplus earnings.
At the
Missouri Pacific office it is stated that a plan is being prepared
*11'.',0*:3
$4».'i,10l
$7.',388
$71,869
whereby the stockholders will be offered certain rights to
Net earnings
^50,000
25^ ,000 subscribe to new stock issued and to be issued on new mileage
50,000
80,000
Flxe<lehar"«s......
$21.8C9
$162,083
$183,101 built and to be built or acquired. The plan complete will be
$22,388
8„rj,l„3
issued probably on Monday."
is the title
Railioa!/.—This
("olninbus
&
Akron
Cleveland
Mobile & Ohio— St. Louis & Cairo.—The income and sinksuccessor
of
the
Cleveland
as
the
organized
company
of the
ing-fund delienture holders of the Mobile & Ohio Railroad held
of
Akron,
Judge
Upson,
apCo.
Railroad
Columbus
Akron &
a meeting this week and unanimously approved of the leasing
pointed as incorporators of the new company L. A. Russell, of the St. Louis & Cairo Railroad. The lease is for forty-five
Cleveland,
and
of
C.
W.
Walker,
U.
George
Hotze,
C. L.
years. The Mobile & Ohio Road pays 25 per cent of the gross
Schapp and N. Monsarrat of Akron, who prepared articles earnings on a mileage basis and guarantees the same to amount
stock
at
and
the
capital
|400,000
the
fixing
incorporation
of
Cairo agrees to place $1,000,000
The stockholders met to $165,000. The St. Louis
offices of tlie new company at Akron.
cash at the disposal of the Mobile & Ohio, to be expended in
then and elected the following board of directors J. M. the improvement of the St. Louis
Cairo and in the changing
Adams, J. A. Horsey, C. W. Schapp, N. Monsarrat, L. A. of its gauge. When completed this will give the Mobile
At the subsequent
Russell, E. Norton and G. D. Walker.
Ohio a line from the Gulf to East St. Louis.
meeting of the board of directors N. Monsarrat was > lected
New York Ontario & Western. This company has made
J. A. Horsey.
President and General Manager of the road
George D. Walker, Secretary, and C. W, an arrangement with the new West Shore Company and its
Vice-President
Reorganization Committee and the New York Central as
Bcbapp, Auditor and Cashier.
This arrangement gives
lessee of the West Shore Railroad.
Indianapolis—
Y.
Cincinnati
&
N.
Columbns
Cleveland
Western Company the title to the Middleto the Ontario
is
reported
between
arrangement
An
Western.—
Lake Erie &
town Branch, extending from Cornwall on the West Shore
these companies by which the former agrees to interchange Road to its junction with the main line of the Ontario ComCincinna
i Hamilton & Daythe
with
business
Cincinnati
its
pany at Middletown, about 25 miles in length, and releases
ton, but will use the Bee line for its Cincinnati outlet. The that compiny from all its obligations under its lease of the
business wjis worth it is said about $500,000 annually to the West Shore Road, and from its liability upon the terminal
Cincinnati Hamilton & Dayton.
bonds and the terminal lease. For the right to run its own
Culambus Hocking Valley & Toledo.—At Columbus, O., trains over the West Shore Road south of Cornwall for 200
was
held,
and
the
stockholders
of
Jan. 13, the annual meeting
years the Ontario Company will pay a fixed sum per mile for
following directors were elected: Charles Hickox, Stevenson trackage which is said by railroad men to be very low. The
Hickox,
Charles
C.
H.
Wade,
G.
H.
J.
Burke, W. J. McKinnie,
c(,mpany will also have the right to use the terminal property
Andrews and M. M. Greene. The directors elected the follow- on both sides of the river upon reasonable fixed charges per
Vice-President,
StevenM.
Greene;
M.
President,
ing officers:
Tne rights secured to the Ontario
ton and per passenger.
son Burke.
Company underlie the West Shore mortgage, and thi? adjustDenver & Rio Grande.— A dispatch from Colorado Springs ment of its Hffairs will leave it simply with the floating oebt,
received this -week said "Answers were yesterday bled in estimated not to exceed $900,000, to provide for which the
the United States Court at Denver on behalf of the general directors and stockholders some time since authorized an issue
Rio Grande Railway of $2,000,000 of first mortgage bonds, which are as yet unsold.
mortgage bondholders of the Denver
Company contesting the pending foreclosure suit and setting
Northern PaclBc. Land Commissioner Sparks, at Washup important equities. The answer referred to has been filed ington, has promulgated an important decision affecting the
tlie
trustee,
at
by the Union Trust Company of this city, as
claims of the Northern Pacific Railroad Company to a grant
rtquestof a committee of general mortgage bondholders who of land between a point on the Columbia River, near Portthat
in
the
hope
de.->ire to delay the forclosure proceedings
land, Oregon, and Tacoma, on Puget Sound, in Washinton
future earnings may so increase as to render a foreclosure Territory. The Commis-sioner says the road between these
unnecessary.
points was authorized to be constructed by a joint resolution
Mr. DeCoursey, of the committee of general mortgage bond- of Congress in 1869 without a land grant. The original act of
of
these
over
150,000
Philadelphia
that
|1,
holders, writes from
1864 provided for a main line of road across the Cascade
bonds out of a total of $3,500,000 are controlled by his com- Mountains to Puget Sound and a branch from a point not
mittee.
more than t iree hundred miles east of the western terminus,
Denver & Bio Grande Western.— President Palmer has passing down the Columbia River to a point at or near Portissued a new circular to bondholders, under date of Jan. 13, land, Oregon, but made no provision for a road or grant besetting forth again the advantages of the terms offereil to the tween Portland and Puget Sound. The railroad comp-ny lay
bondholders of the company. He states that the earnings of claim to agrant for this portion of the road under joint resoluthe road have so far improved that for the six months ending tion of Congress of 1870, which provided that the company
Dec. 31 thev amounted to about 90 per cent of the full interest might construct its main line down the Columbia River and
on the bonds, and that the result indicated that before long its branch across the Cascade Mountains with the same grants
as provided for by the original act of incorporation.
the road will be practically earning the full interest.
Commissi' iner Sparks holds that as no grant was made by
Elizabeth (N. J.) City Debt— At the meeting of the Com- the original act for the construction of the road from Portland
mon Council of Elizabeth, N. J., which was held Tuesday to Tacoma and none by the act of 1869, no such grant can be
evening, a petition to the State Legislature was adopted stat- presumptively drawn from the joint resolution of 1870. He holds
ing that a large part of the city debt was contracted on account that no such grant was made by any of the acts of Co igress,
of a certain law passed by that body and afterward declared and says that he does not find that any formal decision has
imconstituiional by the Court of Errors and Appeals, and ever been made by the Interior Department holding cnat the
praying that the State make an appropriation of $1,780,000 to joint resolution of 1870 embraced a grant of lands between
})ay the debts contracted under that law, or else declare tlie said points.
Although withdrawals appear to have been
aw constitutional. The petition was passed unaniraousij'. ordered upon the filing by the company of its maps, the (ComThe law referred to was passed in 18G3, and was an act providing missioner says no reasons for such withdrawals have ever been
for street improvements, which made the property benefitted assigned, so far as the records of the Land Office disclose.
assessable for the cost of the improvements.
Pavements were This decision affects the odd-numbered- sections of land, eighty
laid in a part of the city, and property was assessed accord- miles in width, for a distance of 106 miles, aggregating some
ing to the new law, but the owners refused to pay, and they two and a half million acres.
were upheld by the same court.
President Robert Harris of the Northern Pacific promptly
Kings County Elevated.— At the annual meeting of stock- issued » circular to the stock and bond holders, in which he
holders of the Kings County Elevated Railroad held in Brook- saya "There is no foundation in law or reason for such deAppeal will at once be taken to the Secret try of the
lyn, the following directors were re-elecied Q. A. Gillmore, cision.
James Jourdan, Harvey Farrington, E. A. Abbott, Samuel Interior, and if necessary the company will resort to the courts
Thome, James O. Sheldon, George Shea, Henry J. Robinson and to maintain its rights. Neither you nor purchasers of the
Wendell Goodwin. The financial statement showed that 10 lands of this company need entertain the slightest apprehenper cent of the bonds had been paid in, amounting to $275,000, sion as to the result."
The directors elected these officers President, General GillJudge Van Brunt, of Newl York, has heard a motion for
more; Vice-President, General Jourdan; Treasurer, James an injunction to restrain the Northern Pacific Railroad from
H. Frothingham;_Secretary, Henry J, Robinson,
^.^ letting the contracts for tbe,Ca3cade Division. The application
.
.
:
:
.
:
&
.
&
;
—
;
;
&
'
:
&
•
.
1
'
—
—
:
:
\
J
I
,,
:
&
—
"
THE CHRONICLE.
94
S. Flow, who is said to be a clerk, and
wbi) alleges tbat he owns 200 share* of stock, but is not on
record in ti'e company's office as a stockholiler. Mr. Flow
gives as his reasons for asking for an injunction, first, that the
Northern Paiilic, by reason of the lapse of time, has lost its
right to build the Cascade Division second, tbat if it has the
right to build, the company lacks the means third, that the
building of ibe road will create a floating debt and other
liabilities.
The Judge granted a rule to show cause why the
directors should not be enjoined from letting the contrncts.
" The Northern Pacific
The Philadelphia Prefs says
oflicials treat the matter lightly, and their counsel has advised
them that it is not likely the Court will grant an injunction.
The move is made in the interest of the Oregon Navigation,
whose property will be damaged by the building of the
was ma'^e by Eilward
;
;
—
;
Cascade Divi>ion. The Northern Pacific directors at their
meeting opened sixteen bids for the construction of the
Cascade Division, and they were f( und to be much lower than
the estimates. Tl ere is not the slightest doubt but that the
road will be built at once. The effect of the application for
the injunction was to advance the Northern Pacific pi ef erred
from 5S34 to 59=g. The Northern Pacific yesterday sold to
the St. Paul & Nurthern Pacific Railroad Company a tract of
land in St. Paul for $750,000 ca*h. This land was purchased
some years ago by the Northf-rn Pacific for its own use, but it
does not now need it. The St. Paul & Northern Pacific Company has jutt completed its line from Brainerd to Minneapolis
and
St.
Paul."
—The land fales of the Northern
Cooipany
for the six months ending December 31, 1885, show an increiise
over the scales for tlie corresponding period in 1884. Th" sales
for the paft six months were distributed as folliws: Minnesota ai d Dakota, 114,147 acres; Montana, 44,050; Washington
and Oregon, 59,814; total 218,001 acres, f< r $838,348; sales
six months ending Dec. 31, 1684, 158,010 acres for $784,734.
Philadelpliiii & Reading.— Mr. Franklin B. Gowen was this
week elected President of the Philadelphia & Reading Railroad Company for the fifteenth time. There were cast the
votes for i;34,2!l7 shares of stock in his favor, and no votes in
Mr. Gowen's ticket was as follows President
opposition.
—Franklin B. Guwen Managers— I. V.Williamson. John Wanamaker. A. J. Anielo, Peter C. Hollis. Mark W. Walson and
David Hostetter Treasurer— William W. Harknes- Secretary
William R. layl. r.
Ihe resolutions offered by Mr. Gowen
and carried by the meeting embraced the following
ifcfo^'CfJ. Tii.nt an Inpreasfi of the inriebtednpss nf (lie company over
eleven niillliii dolh.rs utidi r the manaKement of the present receivers,
Pacific Railroad
:
;
—
;
;
:
without one ilcUiii's worth of property to leprest-ui ir,
impariilelleilin
tlielii>tory of railway propery. and, iu the opiiil.iu of ihis BuetlnL',
calls for
r>">i!^it in erv. ntinn of the eour, and thein.oiuiug iioard
hereliy directed to co operate with and sustain the incoming pro idem
all efforts uiado or approved by him to secure a cUanire la
the rocciv-
U
me
U
m
erdhip.
Postal Teleg:rapli Company.— ^ierraan'* said on Friday
" Postal telegraph property was sold to-day under foreclosure
by order of the court. The property covered by the mortgage,
and it eluding the company's posse.-sions in NewYi^ik, New
Jersey, Pennsylvania, Ohio, Indiana and Illinois, sold for
$240,000; theiestof the property, sold in two lots, bringing
:
$20,000 fach, making the aggregate $280,000. E. P. Converse was the purchaser, understood to be in Stokes' interest.
St. L'luis Yaiidalia & Terre Haute.— The annual meeting of the c mpaiiy washeld atGieenville, Iil., this week. The
report f..r the year ending October 31, 18so, shows gross earning of $1,372,047 expenses, $921,681 net earnines, $450,963
an increase ot $110,718 over 18S4. The
;
...
;
'
South Pennsjlvania.— A nre^s dispatch from Philadelphia
January 15, says: -'The Dauphin C .unty Court decided the
bouth Pennsylvania Railroad and Be.ch Creek injunction
cases thisinoriung, continuins; the injunctions as to the
Pennsylvania Railroad Company in both cases, and as to the
Pennsylvania Company and Bedford & Bridgeport Company
in the
faouth Pennsylvania case. As to all others in that
case it ih
dissolved. In the Beech Creek case it is continued
as to the
rennsylvania Railroad Company and Northern
way Company, and di-solved as to all others." Central RaUSouthern Pacific Company.— The following is a comparative statement of the earnings, expense s
and fixed charges of
this company for November and for five
months from July 1
to
November
•'
30:
Gross earninys
—
Paeillo syteiu
'
Xovem ber
188«,
.$1,971,018
1885.
$1,71.^.519
bei,ti08
I,0u3,o77
July 1 to Nov. 30
1914
18^,5.
$10,761,268 $9,S17.059
3,416,361
4,U5,881
!,83i,6D6 $2,718,596
$14,177,6.!9 $13,762,9.3
Atlantic ayblem...
Total gross
Net earn't.ffs—
Paeiflc 8\striu
,
,
$9S 3,953
396,616
$946,144
487,324
— •«1.3ij0,569
Kout'iilojavoDly..
$1,433,468
Atlantic system
w?;'',*n'm*'-*
...
••^,
Total net income..
"Fixed charBPs
Consiruction di. luip.
Total.
Net
V
'
.
36,3,,5
$5,518,188 $^5,69^9S
1.30-,5:il
1,867,692
$6,856,709 $7,.^61.«:4
181,97-
$1, 469,8-23
$7,746,652
$1,216,388
81,196
$t),tl-J,063
S1.2H7,-is4
jM-t
$172. -238
e»« iuoludeioierest. r^mali,. O.
P. guarantee, taxes
f'""'"
RaM^7j''^P'"^*^^P'*'''^^
Li Jan,
jlii 9
U%.,
9, said
The motioa to appoint
:
and
New
U.'
-T
doe^
Orleans,
William Bond, of
rvoL. xLii.
York, as a third receiver of the Texas & Pacific Railroad
was denied to-day by Judge Pardee of the United States
Circuit Court. Messrs. Biyne and Dos Pas^os first offered
petitions on the part of W. T. Walters and other bondholders
to be made parties defendant. They represented $1,608,000 of
income and land grant bonds, $1,077,000 of New Oileans and
Texas bonds, $360,000 of Rio Grande bonds and 9,000 shares of
Texas & Pacific stock. Mesrs. Ballenger and Dickson opposed
the petition and the court decided that though the petitioners
New
could not be made parties defendant their petition should be
filed
that they should be allowed ti file intervening bills and
mi(iht eventually be allowed to defend in case the trustees
negUcted to do so. J udjie Pardee said " I do not think that
the court has any reason to appoint a receiver who does not
reside on the line of the road.
If, after a meeting of the bondholders, it is found desirable to have an agent on the line with
facilities for obtaining all information possible with regard to
the road, and I were asked to appoint hiui, I should do so with
the understanding that he should remain on the line of the
road.
But to appoint one as a receiver and allow him to remain in the East, while it might be valuable, so far as reorganization is concerned, the business of the road would have
to be carried on with power of atturuey.
I have appointed
receivers with the understanding that they are to give their
entire time to the management of the property, and so far as
raising capital to improve the roadbed is concerned, I am in
hopes that the revenues will be sufficient to make the necej;
:
sary repairs. If it comes to a point that money must be raised
to take care of this property, I shall insist, as I have always
done, that the owners of the property sh41 have an opportunity to say whether they want their property improved and
taken care of by the court and if they do that they shall have
a like opportunity to take up receivers' certificates issued, and
I should tirobably insist in this case, if the quesiio'i was presented of raising money on debentures, that the
iholders,
who are the real owners of the road, in the mai cmsent. An
order will be made confirming the appoiiitmeni of the receivers." An order was made for the receivers to file accounts
monthly. Mr. Dos P.tssos asked if notice would be given in
case any application was made to raise money, to which the
court replied affirmatively.
—At a special meeting of the directors of the Texas Pacific,
held January 14, a sub-committee, composed of three directors who have personally inspected the property, was appointed
to prepare and pres nt a scheme for reorganizttion, and to
name such pariie-i as in their opinion were proper to represent
all Interests as a permanent reorganizatio.i committee.
The
names of the parties are to be reported at a future meeting of
the board. Secretary Satterlee, of the company, was appointed
secretary of the sub-committee. The acting prfsideiit of the
company, Geo. J. Gould, will ascertain whatones of the directors
who have per3<mally inspected the property will serve as
members of the sub-committee. No plan of reorganization
was suggested at the meetmg, and the facts here reported
seem to confirm fully the remarks in the Chkonicle of last
week, that the reported plan of reorganiz ttion had uo foundation and was circulated to depress the stock and bonds.
;
bm
i
—
United Lines Telegraph Co. An order was granted Wednesday by Judge Noah Davis of the Supreme Court, requiring
Edward S, Stokes, the Reorganizatum Committer of the
Bankets' & Merchants' Telegraph Company and the United
Lines Telegraph Comp.any, to show cause on Monday why the
sale of the property of the Bankers' & Mercliaiits' last J-aly,
uniler the judgment oVitained in the suit of the Farmer' Loaa
& Trust Company to foreclose the $10,000,liOi> mortgage on
the property of the telesjraph company, should not be set
aside; iin injunction was als" granted restraining the defendants in tlie iJieHntime from making any con veyance, issuing
any lumd.s, or creaiingatiy lien upon the proijerty. The application was ma'ie by Millard Powers, trustee lor 244 bunds of
the Bankers' & Merchants' Telegraph C'nipany.
A suit for for-closure on the $390,000 old mortgage bonds
is now on tfial in New York:
—
Tiginia St.ite Debt.— At Richmond, Va., Jan. 14, the State
Supreme Court of Virginia rendered a de(i8i(m in the case of
Greenhow, Sta e Treasurer, against Vashou in tiie matter of
ihe State debt.
It held, first, that the contract of March
31, 1871, under which coupons receivable for taxes were issued,
did not have the essential element of valid consideration, and
on a proper ca-e they would hold the funding ar;t of March
31, 1871, invwlid and illegal; second, that the coupons could
not be received in payment of that portion of the State taxes
set apart
by the Constitution of Virginia for the maintenance
of public free schools.
Wabash St. Louis & Pacific— On Jan. 13 Judge Welcker
enteied a decee in the United States Circuit Court at Toledo
for the sale of the Wabash Railroad.
The decree was similar
to the one entered in the main suit, pending at St. Louis, by
Judges Brewer arid Treat. The road is to be sold on the consolidated mortgage, and subject to all prior liens and mortgages in the several divisions originally forming separate
roads. The sal« taises place at St. Louis by E Imund T. Allen,
Master in Chancery, at a minimum pi ice of $1,000,000.
Wheeling & L«kc Erie.- At Cleveland, Jan. 13, Judge
Welcker entered a decree in the Circuit Court for a sale of the
Wheeling & Lake Erie Railroad. It is to be sold under the first
mortgage, and any surplus after paying the bonds is to be
brought into court for future distribution. The sale is to be
at ( leveland at a date to be fixed hereafter by W. F.
Goodsped, as special master, at a minimum price of $100,00tt
made
I
J'
..
January
THE CHRONICLE.
10, It 86.]
95
COTTON.
"
cummj<:rcial epitome.
KiilDAY NiouT, Jan,
Friday, P. M., January ir,, \fm.
as indicated bv our t^le^grama
from the South to-night, is given below. For the week endlntr
thin evening (.fan. 15), the total receipts have reached 108,488
Thk Movbmknt of the Chop,
15, 1886.
bales, against lli5,006 bales last week;, 1SJ6,960 baleii
the previous
week has been the intense oolij, which week and 208,981 bales three weeks mnrA-, making the total
has cxtendril over tl)e whole country. It waH acconipanitd rivseipta since the tst of September, 1885, 3,?6S,i;i2 hales, against
ia the Northwest by snow storms of greit violence wliich 3,956,161 bales for the same period of 1884-85, ahowing a
decrease since September 1, 1885, of 88,8^9 bales.
blocked up the railroals to an extent never before eiperienced,
The
chief event of the
anil, it is feared,
cattle
caused the death of
on the open
many thousands
The heavy
plains.
rains
which
of neat
fell
before
the temperature dropped caused floods at the North which
were esiptcially disastrous at Montreal. The atorm also c tused
on our coast many shipwrecks attended by a painful los:! of
life.
In sliort, seldom have the elements in so brief a lime inflicted greater harm, loss and tullenng than in the week under
review. The coul trade has been depressed, and prices are
General trade is quiet, as it would
atljusted to a lower sc tie.
naturally be under the circumstances, but the prospects for
the spring season are generally believed to be good. There
are
some indications of labor
KeeeipHat—
Tt ere has betn considerable ac ivity to the speculation in
but a small advance has not been
Bustiine'', ! nd the market is quiet this afternoon at 6'41c. for
Januiiy, 0'44c. for Februiiy, C'-19c. for March, 6 54c. for
April and 6"( Oo. for M.y. Lird on the f pot his been only
moderately activ*» (or export, and efforts to obtain better
pricre were loc wholly successful but the close is steady at
lard for futu'e delivery,
Ao.
OrlcHus...
Jfon.
Wed.
Tue$.
2,779
1,231
5.909
1,415
3,383
2,215
2,116
1,35&
tndtttiitiitt,
New
Thuri.
3)1
2,609
2,202
Touu.
511
1
....
Uoblle
Florida
Savannah
10,7ft
....
....
9,782 13,500
I,9U3
64
530
1,300
5.106
1,324
1,178
1,921
1
7,2 1,0
44,0
1.38-1
1,389
,632
8.7 6«
Brimsw'k, xo.
....
...
397
397
Cbarleston
Pt. Koyal, 4o.
Viluiiugton
Horeh'd C.ibo
Norfolk
l,3bl
307
343
1,091
300
72.)
1,135
....
....
£51
281
359
313
32
....
....
....
....
....
?,07?
1,S81
1,105
1,834
217
16
50
884
WeetPoint.Ao
361
400
260
303
121
141
1,042
New York
....
698
9J8
772
430
800
Boston
Baltimore
PMladelp'a, &o.
519
2,071
514
trouble?, but probably nothing
serious will occur in this relation.
Sat
QalveBlon
161
168
80
2,615
8,767
5.7«8
2,178
B,125
2,615
213
761
3.073
209
14
118
87
217
1,?63
week 20,519 14,574 18,14^ 18,770 17,031 19.450 108,lSa
Totals this
For comparison, we give the following table showing the wee* '»
the total since Sept. 1, 1885, and the stock to-nighV,
and the same items for the corresponding periods of last ye»r.
total receipts,
;
G'32J-^@6'35c.
6-75c.
for prime city,
6-45c.
for reflned for the Continent.
but rules firm, closing at f8 3o@$9 25 for extra prime,
$10 25@|10 50 for mess, |11@|I1 35 for family and |13 25@
|13 50 for clear. Pickled bellies are again dearer, with large
sales (it 5,'8@5J^c., and the close is firm
pickled hams
8@8}^c. and shoulders ifs@'^M''-'' smoked hams 9'4@;0c. and
shoulders 5fi@b%c. Beef is nominal at $10 for extra mess
per bbl. and |17(*|19 for India mess per tierce. Beef hams
are quiet at $16 5 )(af 16 75 per bbl. Tallow is easier at
4 13-16;g478C., but closes active. Stearine is firm at 6^8'@6J^c.
Butler is tirm, Lut quiet, at 33@343. for creamery. Cheese
remains Sitjady ai e@10}4C. for Si«tt! factory.
The number of swme slaughtered at the priiicipal Western
;
towns from November
1 to latest dates was 4,475,045, against
for the c rresponding period laht season. The
following is a comparative summary of aggregate exports
from October 26 to January 9
4,283,518
:
1885-6.
Pork
Bacou
Lard
Ibg.
9,68t!,'2u0
Iba. ICi.Sai.TaS
ll>8.
59,33J.008
1881-5.
Receipt! to
Salves ton ...
Ind*nola,&o
New Orleans
MobUt
...
!OJ,il)0
Dec.
714,000
l>cc.
7,257,011
f,88a,H79
Dec.
Rio coffee on the spot has bepn dull and drooping, and
closes nominally lower at 8J^@83^c. for fair cargoes; but in
Weet India cifffje there has been a very good trade ai bteaoy
prices.
A lurther decline took place in R.o options, but there
was a steadier tone to-day, and the close wa-i with sellnsat
6 43c. for Januar> 6'o5c. lor March, 6 05c. for May and 6-8oc.
for December.
Rawbugars have continued dull, and cAos- inominal at oi^Cgu'gC. for fair to good redning, witn refined
quiet.
Mola.-oes Was more active for the new ciop, but ai
yielding values, closmg at 25@35^c. for new^crop Cuba, 00
degrees test.
The movement reported in Kentucky leaf is small. Seed
leaf has also been rather slow, and the sales of the week are
only 950 cases, as follows 250 cases 1884 crop, Pennsylvania
Havana seed, 9@30c. 200 cases 1883 crop, do. seed leaf, 8(2)
,
:
10,753
Florida
davaiuiali....
3)
Br'8w'k,(feo
565,108
781
44,95<' 1,216.409
11.371
1,388
8,-62
.
180,78
38,231
614.0.i0
12,830
388.943
Charleston.
4,136
Pt.Royal,&c
Wilmington
217
P,237
1,252
7i>,632
M'headC, Ac-
50
Norfolk
W.Polnt,&c,
New York..
8,757
4,5.6
389,:£9
195.692
38,251
53,14m
Boston
Baltimore
.
Plillaael'a,&c
6,7133
2,175
5.125
2.615
761
1884-S5.
J.
Since Sep.
1, 1885.
This
Week.
Jan. 15.
2'*,20-
19,818
i08.1gH'3.><6^,n
Total
li2,77-.>-83
t5,:il4,917
1(1,
18SJ-:6.
prime Wi stern and
Pork has be«n quieter,
for
This
Week.
:tpnk.
Since Sep.
1, 1884.
1886
410,824
9,851
9.033
56,R66 1,216,043
7,862 197,101
2,i)i\
57,268
13,687
641.987
5
8.824
6,218
463,25)
3
4,761
1,9:0
87,51 4
2^8
9,201
)3.n94
467,130
4 ^71
252,252
4,213
33,274
4,9J9
62,370
3,705
19,554
926
24,668
0.9F.1
1885.
85,7 14
38,191
39'',284
61,539
2
91,395
387,667
52,136
5,426
6U,93t
85,189
44,245
218
11,116
9,700
23ii
49,867
".2,198
253,271
6.310
31,9.".9
3
35.348
2,694
262,298
6.310
21.663
21,461
12 16S
1.106,.'-,8G
915.611
3.P5K,4M
In order that comparison may Oe made with other years,
give below the totals at leading ports for six seasons.
RtceipU at—
G*Ive8t'n,ifeo.
New
Orleans.
Mobile
Savannab
&o
WUiu'Kfn, &o
Uljarl'Bt'n,
Norfolk
W.
Point, &c.
\UotUerB....
rot. this w'k.
Since Sept.
1.
18^0.
1884.
1885.
10,753
44,959
11,371
8,762
4,352
1 ,302
8,757
5.768
12,161
108,488
9,851
56.!6d
7,862
13,897
6,221
1883.
12.110
37.792
5,6 9
12,612
9,40s
18,92:)
53. 29 J
we
1882.
1881.
5.142
21.307
20723
4,871
15,931
1,977
12,717
2,427
15,785
8,939
12.171
IO.SO3
3,835
IS.lOi
3,786
25,131
4.90J
12.498
6,u3B
18,604
39.318
9,543
17,853
11,751
3,459
15,339
7,058
13 836
130,951
110,467
150,390
99,990
133.879
2,2ti3
13,591
'
5,511
15.9:3
9,676
3868,132 395B,4ril 3757,674 4012,231 3600,400 3839,071
;
He;
150 cases 1881 crop, do. do., 7J^@ll^c. 50 cases 1883
crop, State Havana seed, private terms 150 cases 1884 crop,
State Havana seed, S^igllc, and 150 casts 1884 crop, New
England Havana, 13@30o.; also, 400 bales Havana, 60c. (g|l 05
and 300 bales Sumatra $1 35@$1 CO.
The speculation in crude petroleum certificates has been
quieter, and there is very little change in prices to note, closing
this afternoon at 8'i-^@87;^c.; crude in bbld. quoted at G-'g®
7t^c.; refined
bbls. at 7:^c. and in cases 8J^(^10c.; naphttia
8c.
The speculation in spirits turpentine was dull until yesterday. When there were sales at 38}^@39c. on the spot and
dS'yic. for February, and to-day the quotation on the spot
was advanced to 39i^c., with a sale for January at 38i^c.
Rosins remain quiet at $1@|1 05 for common to good
strained.
At the Metal Exchange to-day pig iron certiflcates were dull
;
;
Galveston includes ludiaiiola; Cliaileston inelnde.s Port R<ij-al. AcWilmington includes Moreli'd City,&c. West Point includes City Foint,&c
The exports for the week ending this evening reach a total
bales, of which 51,744 were to Great Britain, 18,114
to Franco and 38,397 to the rest of the Continent.
Below are
the exports for the week and since September 1, 1885.
of 98,155
Week Ending Jan.
BxpoTttd
m
and weaker; fuiurts dropped from |18-50 down
Tm
to $18.
quiet at 30 35@30>^c. spot, 20 40@30i.^c. futures. Tin plate
neglected. C. ppcr quiet and steady at H45(a U-60c. for Lake,
10i4@lO>ic. for Baltimore.
Lead steady at 4-57 ',^(a
4?^c. for domestic.
Spelter quiet at 4-33K@4-40c. lor
Md
'
domestic.
Ocean freights have been more active for grain shipmerts,
and there Was a brisk business in pttroleum charters, all at
full rates, but the close is dull and somewhat
nominal.
Qreat
Brtt'n.
ulalveston
Sew
Orleans..
^ance
15.
From
Sept.
—
to
Gontt-
Total
,„„f
^^^^
?83
1,544
674
3.00)
15,897
13,188
12,063
41,128
Mobile
I, 1885. to Jan.
Exported to—
Qreia
Brttain.\'^<^'>"
173.9341
15.360
863.293184,143
15,
1888.
ContU
neM.
55,166
247,174
:
HI.
7il.ll>
10,621
Florida.
SaranDah
2,052
Jbarteflton
6,335
1,000
3,062
7310
14,18)
WUmlnKton...
Sorfolk
West
6,506
S,&0IS
Point...
New York
Boston
Baltlmor*...
PbUa<lelp'a,&o
.
Total
23.06.
16.17S
2,831
2,630
1,388
1,511
1,53
1,638
M,744
2,8Wl
IP.IU
^5»7
98.18;
83.432
68,831
87,l«l
133,878
22,593
8.232
17,347
213,601
128,817,
11,189
ft2,08»
]33,8'7S
,t.<94i 22,539
12,750
8S,34S
10 ,290
313, A23
1)31
l.SOl
58,5aa
63.710
22,973
rniOS
2,206,764
^,032
S«21
21,17»
303,283
214,493
1,035
l,MT,SS5 a4»,si«
a7i««9
11,281
7^4
^<w,.> I.0O
(J.
4
6
.
THE CHRONICLE.
96
In addition to above exports, our telegrams to-niglit also give
as the following amounts of cotton on shipboard, not cleared,
add similar figures for New York,
at the ports named.
which are prepared for our special use by Messrs, Carey, Yale
ft Lambert, 89 Broad Street.
We
XLH.
[Vol.
Thb Sales and Prices of Futures are shown by the follow
iuK comprehensive table. In the statement will be found the
daily market, the prices of sales for each month each day, and'
t^e closine bids, in addition to the daily and total sales.
On Shipboard, not cleared—for
Leaving
AT—
JAN. 15,
Oreal
Britain.
51,198
16,500
2,600
4,800
18,633
12,615
2,500
6,000
27,281
Total 1886. 114,846
28,731
27,468
25,980
NewOrleana....
MobUe
Charleston
Bavannah
Galveston
Norfolk
New
York
Other ports
Total 1885
Total 1884
105,693
141,436
Ooattr
Other
France. Foreign
961
None.
None.
97,904
18,000
15,100
20,200
31,116
15,259
6,500
7,000
52,002
15,500
211,079
37,848
40,769
16,533
9,492
187,547
217,677
1,437
1,500
1,500
2,400
7.702
17,988
None.
11,000
13,000
4,331
1,683
3,000
1,000
None.
None.
None.
450
None.
1,000
None.
Stock.
Total.
wise.
298,380
43,5.39
70,08a
71,195
54,628
34,«i08
246,774
76,294
895,507
1
1
8.5
o
o°*
-,-.
ecu
I
and firmer, but futures there hardly
Bhowed'the strength that was exhibited with us, and Manchester was no better. The reduced movement of the American
was more
ket
ing, but
"
9
CDCCo®
CO*©
Kith
CD CO
tf^O
Q.
5
S
it
slightly dearer
had
w
tOCDo^
on the weekly report of the
showing a material reduction.
coco
CD
biV.
ft
*^03m^
CD
fcb
l-16c. dearer
interior
coco
uc'«
movement
i
CDCCo®
on Tuesday, and was quite active for home con
UicJiOfii
«00
middling uplands.
UPLANDS.
Sat. JMon^Tnes
NEW ORLEANS.
Sat.
o?
CCCDo«>
coco
5
coco
tfr i(^
2
H
^
2
ceo,-.**
COS
CD CD
5
6»8
7118
BtrlctOrd..
Good Ord..
658
71,8
6.^316
Btr.L'w Mid
Middling...
Good Mid-.
91 18
914
9%
9''8
Btr.
lOM
10''8
9^
9
9I16
914
958
1014
We
Wed
11'
o
o
I
o
r4»
9
911
914
95i6
9I9
9'',6
95,8
97,8
911,6 913,8 9'Sl6 9%
915,6 IOI16 11)1,8 1018
1076 lOlfi
105j6
101*16 111,8 lUie 1118
TFed Th. Frl.
678
i
r4»
G'd Ord
Low Midd'g !?•«
Btr.
G'd Mid
Midd'g Fair
Fair
61^31,
6J3,8
cog
o
Til.
Frl.
6T9
6'8
9
914
95}«
9M
91,6
97,6
91a
978
9;4,6
101,8 lO'ie 1018
lovie 107,6 lOV,
1H,6 111,6 Ills
Wed
M
Btr.
6''8
Frl.
678
6'8
75,6
814
8.1,8
^4-
r4«
G'd Ord
Low Midd'g
!•"
r4
Btr.L'w Mid
Middling...
Good Mid..
914
96,8
9^16
95,8
9II18 911,8 9iil8 978
Btr <}'d Mid 915,6
916,6 lOifl
Hldd'g Fair 105,8 105,6 105,
lOis
Fair
101*16 1015,6 lOiii, 1118
BTAINED.
Oood Ordinary....
ii:r
9''8
1018
101a
Ills
Sat.
Ills
Idon Tues
»lh.
BtilotGoodOrdlnary
LowMlddll]
MlddUne...
95,6
91a
978
IOI9
ICia
95,8
912
978
1018
lOia
im
Wed
eifl
718
61a
73,6
73,8
81116
9I2
979
llUs
lOia
11%
lllfl
Til.
8h
O <i
73,8
8%
O
CCCD
^
2
**
ddi
2
a
CJiCD
*^
-j
O -j
CDCOo*?
5
coco
©|5:
I
©r:
CO
I
>
5
coco
OOQO
H-tO
ft
**
ccoc
S
eccco®
CDCDo®
CeO
CCOjO'q
ocobOob
cibOo
CO
5"
2
coco
ccob
COCB
t-O
CD
ft
H
IX,
:
ICCD
OS
ob;6
A
I
03
CDCDOgd
>0
«.>>:
00
CDO)
I
S
OD^
O
croD
COCCo?
CCCCOCD
obcoOcD
^O
CO
5
<cco
cou
to
«:
I
9
I
i^cD
9
:
I
a>too"?
deT.o<»
2
^
tf^*»
COOO
»s,>-':
I
a
I
©m:
co«
5"
0*Cn
ft
**
00
1^^
om:
i
:
2
S
CO
COCDoCO
CDCOoCO
§0
cJioiO
yi
Oil..
O
O'
00 o MM
O
5
5
?
I
a
C9CD0C0
1
CO
I
CDCDcCD
-iobOob
9r-.
oa
5
p
ecu
...
9y:
03 01
**
CDCCo^
00 to
i
d
©os:
I
eocco®
I
cJt
Cj»
I
I
I
I
I
3
I
UABKET AND BALES,
I
The total sales and future deliveries each day during the
week are indicated in the following statement. For the con
Tenienoe of the reader we also add a colvunn*which shows at a
glance how the market closed on same days.
CDtO
<^
coco
ob-i
COCDqCD
O" 0:^03
IJ
oLobCcb
<J-^
CO
ddod
03C0
b5
COO
».*(
I
COCDqCO
©>>.'
CDCDcCD
i^'i
aOi
la
8%
^
ft
»»:
CO<D
*j<j
CCCOc^
8
In}? 8%
^ CO
ddoci
<I
I
Frl.
61a
73,8
i
COCOo®
CDCCo^ CDCDo«
?Jl6
978
1018
101a
CO
>
Ci
cicoOco
M
O03
\9S-
CDCCqCO
OiyiOcji
Cob
7.\
Tt,
© Ui
CCCD
on
°
0*1
GDCD
I
Ordln'y.«fc
BtrictOrd..
Good Ord..
C^
C»03
©«:
OJCD
CD^
^S
coco
OD
-4
COCOo^
CD®
l-J
o
03
©r:
CD CO
|U
cn
DoCO
I
(J>
CD
CO CD
2
5
ift.
•-
<>:
co»
CDCOoCO
en CO
0303
on
CDCOqCD
-^
QD3C
QD
COCCo®
t
CDCOo'^
--1
COCDoCD
C
&<^''
I
2
9^'
I
I
OtO
>
5
&CU
ifLo;
CD
yi
coco
CcccOu
C*}
CD^
<
2
GDQD
QLCD
CO
eccDo®
CD03
CD CO
OiOi
CDCDoCC
2
i^co
©o":
CD
CJi
2
I
CD
**
©p:
to
o
O
®,^:
QC
CfrCDo^
0>0<0tn
C1C3
©
5^
I
CD CD
I
mon Tnes
Sat.
#.co
03
*'i^
TEXAS
non Taes
5
5
—
"I
coco
-^^
10
forward delivery for the week are 385,900
For immediate delivery the total sales foot up this week
bales.
5,121 bales, including 13 for export, 4,109 for consumption,
in transit. Of the above, 100 bales
1,000 for speculation and
were to arrive. The following are the official quotations for
each day of the past week.
total sales for
CDCOc^
3CC?
I
CD®
I
Ordln'y.l^lb
9rCO
part for speculation, and prices were steady at 9 5-16c, for
Jan. 9 to
Jan. 15.
2
03CC(-i'^
»*-
Bumption onWednesday. To-day there was a good business,
The
!^
«DCO
coco
I
CDo»
a
®-*^:
coCco
ODCD)_«'^
03
CD
o CDCDo^
o
en
«r:
I
Cotton on the spot was quoted
(O^
COO®
J
'
tOKjOto
2
i(*-co
buy-
C3
Kito
OOOD
«coo9
WWOtO
coco
ftp
9
I
CSCOc®
I
*».
To-day a dull market closed
little effect.
2
W03ta.^
CC
weather that
^
:
I
CDCDOCD
to:
ClOi
so generally ascribed to the extremely severe
was
^00
coco
coto
CDCOo<?
cocbOcc
active
crop did not escape notice and attracted some " outside
to
^
M^s
Otto
CDCDo®
totteto
10 lie ti
wcbOio
coco
©f^:
1
yiO
The Liverpool spot mar-
coco
00 CO
om;
I
5
CDCD
S
^
COD
day (which were quickly lost) the fluctuations in cotton for
future delivery at this market during the past week were
quite unimportant, although there was some improvement in
5
coco
5
'9'?
Clio
Except for advances on the mornings of Saturday and Tues-
the last hour of yesterday's dealings.
s
too-
758.064
941,350
I:
I
I
I
I
1!
1
1
10:
l«:
I
I:
?
I
3
Id:
I
«:
:
:
I
Id
:
1!
Includes sales in September, 1 885, for September, 130,200 September-October, for October, 3ol,700 Septembor-November, for November,
416,400 Setember-December, for December, 928,200.
cnu above table, ana snail oontlnne each
fgr We Have luoluaed
week to give, the average price of futures each day for each month. It
will be found under each day following the abbreviation " Aver." The
average for each month for the week is also given at bottom of table.
Transferable Orders—Saturday, 9'20o.; Monday, »-25o.; Tuesdafi
9-250.; Wednesday, »-25o.; Tlmrsday, 9-30o.; Friday, 9350.
*
;
;
SALES OP SPOT AND TBAUSrT.
SPOT MABKET
OIX>gED.
Bat.
Steady at
lie
adv
Taes
Flj-mer
Q't&st'y.iia
feteady
adv
Men
Wed
.
m
Thurs Steady
Steady
Tot*l.
The
Sic-
port,
Oon- Spec- Tran- _
tump
ul'l'n
tit.
12
....
271
....1,036 1,000
12 4,109 1,0001
Sales.
Deliveries.
1,004
45,900
500
321 52,400
300
338 99,200 2,000
321
326
....11,151
,
">'<u.
....1,004
...
,
PUTUBE8.
1,151
55,400
271 66,100
2,036 66,900
5,121 365,900
dally deUvenes given above are actually
prevlona to thM on whloh t^hey are reported.
1,600
900
300
5,600
delivered the day
;
m
The following exchanges have been made during the week:
•11 pd. to excb. 400 May for Jime.
300 May for Juno.
•11 nd. toexch.
•11 pd. to exch.
200 Mch. for
10 pd. to exch. 300
May
April.
for June.
500 Jan. for May.
12 pd. to exch. 100 Feb. tor Mch.
•1 1 pd. to eioh. 300 Mob. for Apra
11 pd. to exoh. 100 Feb. for Moh.
•38 pd. to exch.
•16 pd. to excb. Ij.'iOO Jan. for Moll.
•10 pd. to exch. 500 Feb. for Moh.
•17 pd. toexch. 400 Jan. s. n. for
March.
•22 pd. to pxeh. 1,000 Feb. for Apr.'
,
January
THK CHRONlCLtl.
1880.]
10,
Thx Visible Supply of Cotton to-ni^ht,
as
made up by oMile
•ttd telefn^ph, in aa follows. The Continental stocks, as well a»
thotie for (treat Britain and the atlout. are this week's retiirnf,
and
coii.«.'(niently all
the European H^ures are brought ilowr
But to make the totals the coiiiDletf
to Thuisilay evening.
flgurua ri>r to-night (Jan. 15), we add the item of exports fron
the United Stateb, iticludinK in it the exports of Friday only.
IHHd.
188%.
1884.
1833.
721.000
731,000
Btopk at I.lverp<iol
bklea. 17rt.000
814,000
18.000
44.000
ftS.OOO
7ti,400
Btock »t t-on.lon
Total ( (rfint Britain stock
Btock at llaiiibiirK.
8t,..-k
I,:,'|,|,T1
:,:
.
8UH'k
BUK^k at (ieiioa..
Block at Trieste.,
76^.000
33.100
32.000
54,000
48.000
400
600
!)>I0
8,700
143,000
4.000
12.000
9.000
3,000
1,300
211,000
4.000
38,000
K.OOO
3.000
3,300
140.000
7,000
44,000
10,000
7,000
274,700
Continental Stocks
F"
."iaT.OOO
4.2110
..
a;
Sliu'k
BUioli
Itotal
4.000
23,400
14,0<0
3,100
Qalveaton
800
Orleans.
Mobile
8»«
Sia,4
8>iis
8"s
Savannah
8<>8
8"is
8iS|«
Si'ic
8».
Sliie
H\
8%
'•'9
8^9
8">i«
9's
»>«
938
9
331,000
151,00€
4,000
44.000
7,<)00
S.liOO
260,100
216,000
243.000
613.000
5(;o,000
943,611 1,159,027
2S7,885
328,139
23,000
17,000
202,000
44,000
117,300
47,000
63,000
139,000
13.000
52,700
78.000
52,000
Continental stocks
India afloat for Rurope
Eftypt, Brazil, ikc, afloat
Total East India,
Total Amerioaa
1
19,200
265,000
76.400
105,100
116,000
36,000
548,Ono
473.300
618.5(0
2,768,116 2,667,496 2,80H,166 2,595,521
33^,700
<feO
Total visible supply
Ptlo« Mid. Upl., Liverpool.
Prioe Mia. L'pl., New York.
.3,107,816 3,140.796 3.354,166 3,214,021
oij^d
5'8(1.
5l>8t.
•'>'Bi«d.
lOiiieO.
lOiaoi.
9»i9C.
lUioO.
or
'^he imports into Continental ports this week have been
63,C00 bales.
The above flg;ures indicate a decrease in the cotton in sight
to-night of 33,980 bales as compared with the same date of
1885, a decrease of 216,350 bales as compared with the corresponding date of 1884 and a decrease of 106,305 bales as
com Dared with 1883.
—
AT THE ISTEKlOR TOWNS the movement that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-nii;ht, and the same items for the corresponding
period of 1884-85 is set out in detail in the following statement
—
o
o
QS2?*'t5 ~ < 2 X o 2! a 3? 3 is 9>2.B
rg-?
o
E E
I g
o
cl ?n
:
'
o»
!
c
c-»
^ *.
o u'c
Cl>
eo
QD
00
a>
»
'
00 31 so
•
oe
X
o y ci 00
«-t
h-
Qo':;t
M
*•
•
.
CD
oro*
or
c« y>
^ *»
»-
5°P
^^
a CT M In
QDMW
^t^t^
c<i
00 ife.
w X OS
yi
»-•
II
I
CO
l-'t-«
V oi c. cs'^— ca ill
OAW!3-OitoCC«J0S0S03-lCSO«D*-3--
o
row
O XdO C O'
o® '^wc^x^iot;*
*-•
W *-
-'«
ro
O
— co^
00 -^ CO
'rcxc;'Co'M
Vr-OC£tOCK<CdCO;;t<^. o; 1^ to CO
O U> CO (0
w CC
ff.
--J
^**Os;»c>ocooci**-wc*:y«wo«Cio»owa
&9
03I0U
^tO
M^OM
u M »a c 00 e>
I-*
CO
^
M
^ JiC copccoio;>-'X *-Qcto:;tc;.^^)cjo-i
(CwoDMOicax —
'Ji
J,
to
— o — oin'a;o-l
Mt;'!COit*cocowrf*.cr'«-4x<jin-'iviQ&t»<co
10
I
CC
CO
-U
03
M O (0 ^
o
MOaOCi^^O fC
>-•
i»*
0:)<ao-4-iODcn
i(^
1^
M ro Ot Ci
CC
o v>'<i
co
•^ODIC©*ICO
— a CI a oj ic
»
•JOitObOf- COM
•
x ci cor- ksIo
• ® C CO <- C< OJ tc O X M O C: »-' • 1 o c
to
-;]•')
to *4
to
c
-to
®V to ^
-CO^rf-OtituCOOa;
CD to
•—
.
Norfolk
Bonton
Baltimore
PbUadelphla.
8 '9
9^
91 16
99a
AuKUSta
8»i„3'8
8t.
Meiupblg
Louis
8H
Cincinnati...
8^8
S'a
tiOUlMvllle
89,.
80s
8'8
»'«
e»is
8>l|<
8<> 8
«Ie
9^
9>833,g
9>*i
938
8»«
R"ie
8''«i
8%
8\
0'^
9>«
»>l
9
9H
8>'ie
8<*i(
a
8"',|
8»
8'8
9>«8Sl6
8»iK»»8
JW.
W
8"e
8'«
9
8lli„
8'iia
S's
879
8"i«
S><|«
8' "IS
8>>|a
S\
9>4
919
938
8»,.3»8
»•'»
8"l8
8"i«
HV
8T,
9
9
8>il
8«ta
9\
8''e
S^B
Receipts from the Plantations. —The following table
indicates the actual movement each week from the plan*
The figures do not include overland receipts nor
tations.
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
Week
Eniino—
Oeo.
"
"
U
IS...
84...
SI...
Jan. 8...
" IS..
BecelpU at the Portt. [Sfkat InteHor 'DntmiARec'vlt Jrom Plant'm,
ISSS^
1884-85 1888-96 1883-84 1884-SS 1886-66 1888-8 J 1884 8S lWC-86
iSl.lHS 2S».45~ 248, 1 31 4 II 1,246 333,451 434,34:1 304,032
847.733:258.340 2!8,.ill 433,577 383,868 481,239 261,064
9
801,6M 207.883|20->.»81 42J,310'3«3,520 521 ,31 '200.419
140,612 154,075, I96.8«o{40-,U74:141),4-«|543,557J126.878
90,245 133,994 185.006 889,898 320,785 526,5811 72,189
110,467 I30.B5I 108.488 360.715.104.8^11613 993 81,284
MS.Sif) 2Ufl,».S0
288,755 a~4,()07
207,5l7 249,081
I40.M8 219,098
105,291 148.010
"15.025 95,9J0
—
The above statement shows 1. That the total receipts from
the plantations since September 1, 188.5, are 4.366,375 bales;
in 1884-8."i were 4,214,10) Dales; in 1883-81 were 4,069,a33 bales.
2.
That, although the receipts at the outports the past week
were 10S,483 bales, the actual movement from plantations was
only 9.">.9iO bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 115,035 bales and for 1884 they were
81,384 bales.
—
Amount of Cotton in Sight Jan. 15.—In the taole bel( w
we give the receipts from plantations in another form, and add
to them the net overland movement to Jan. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
1885-8(5.
1884-85.
1883-31.
1882-83.
Receipts at the ports to Jan 15. 3.868,132 3,956,461 3,757,b71 4,012.231
Interior stocks on Jan. i5 In
excess of September 1
49M43 287,644 311,559j 3.M,482
Tot. receipts from planta'tns
Net overland to Jauuiuy 1
Boutbem consumpt'n to Jan. 1
4.36«,27.'5 4,244,10.=.
52.s0!)2
13i,0.iO
358,048
115,000
4,069,233 4,363,- 13
382,415
123,00u
4li.U6i
130,0
10
1.089.322
1.5
844,261
938.001 1,023,505
It will be seen by the above that the increase in amoant in t^i^ht
to-night. OS compared with last }ear, is 300,214 bales, the Increase
as compari-d wiih
1882-83
is
i8-3-o4
115,572 bales.
is
447,719 bales and ihe inuieasu over
Weather Reports by Teleqraph.- During the week
under review the South has been visited by a cold wave o£
unprecedented severity and duration.
In many sections the
temperature has fallen to a point never before recorded, notable at Palestine zero, Memphis 8 below zero and Helena 4 below
zero. This has, of course, interfered materially with the mar
keting of the crop and is an explanation of the reduced
movement.
|
'
^cD
hs
prf^wv-t
c;ii-<
Mto
*^* * *^
OWW 05 lU'tOtO
S
CO - i2
»K o CD c; CO ^ 00 - *. ui
O ®J" ^
*. -)
« CO -- U» M
8!l»
Januar.v
tec — unv!CMC*T-jiN3»-*»c;«>".rft*o:too
*
a\
..
Thurt.
8"l<
Northern spinners' takings to
m5'
-J'
00 h-
p
Mtowcs — O'j'.
CJDpDM»-tOtWC;i tO^IO.
I
•
U..
•
B
— CJK.tOCOWXC; W<Jii(f-!U:OOCD
O-^iwO"*^— W^^Q0Ot
t-"
a w cj o lo
c X 10 c: :^
.
10
•
Pp.
.
.
WUiiUnKton
Wednt$.
Tuet.
:
.
Vco
Uif^^m; kqo
)
-
»
%
.
.
Chnrleat<>n
Hon.
8l»i«
seie
Total In sight Jsinuary 13... 5,022.3ti7 4,717,153 4,574,648 4,908,795
X g Ha ^
33
S([Mj^ *
2 B t: or
9.
o
S«w
33M0K
232,000
55,000
88.000
117.000
56.000
...
tatur.
5.1,000
618.000
9^2,213
2,768,116 2,667,496 2,806,166 2,593,521
Londonstock
OLOBUa ODOTATIOHS rOR MIDDUHO OOROK 0»—
2.)M0
3,107,816 3.140,796 3,354,166 3,211,021
Total American
Sail Indian, Brazil, <*e.—
LlveriHKil stock
Wtek tuilng
Jan. 13.
5<).000
Of the above, the totals of American and other descriptions are as follow s:
American —
bales 410.000
522,000 499,000
5 19,000
Liverpool stock
.
day of the paut week.
,000
'3Tjj,~jOO
222,000
Continental stocks
A tnerlcan afloat for Europe. . 311 ,000
1,106,586
United States stock
United States Interior stocks.. 473,'.I9 J
14,335
Datted States exports to-day..
Quotations fok Middling Cotton at Othkb Marketb.—
In the table i>elow wo i^ive the cloHing fjuotations of middling
ootton at Southern ana other principal cotton markets for each
3fl.400
stocks ....
roi- Europe.
Tot-M risible supply
bales more than at the aame period last year. The x«oeipte at
ihe same townn have l>een 3I,7D:{ bales Ifigs than the same
week lant year, ami uince S^pttiiu^>er 1 the receipts at all the
lowna are 418,001 balen more than for the same time in 1884-5.
81I0.400
'.n
'
97
786,000
371,700 1,131,300 1,117,000 l,l^O,SOO
78,000
47,000
117,000
116,000
IndlH
511,000
eiH.OOO
It Tor Kiir'iie
SBO.OOO
618.000
Auin'
5J,0(i0
..lilt
for
K'r'pe
63,000
5().000
.06.000
ynt.i.i......
EKyr
922,'^ i:f
945,611 1,1^9.027
Stbvk in UiiUiMt WtateB ports ..l.l(i«..\86
towns..
473,99.5
287.885
328.139
8.
Interior
332,108
Stock In U.
14,335
23,000
17.000
19,2uO
United States exports to-day..
Tof^-'
.
o
OICOCD— a>ci*-o
CO OjO -4 Ifl CO
Thla year's Hguree e«llQiate(L
The above totals show that the old interior etocks have
(lecrewted during the week 8,744 bale8,and are to-night
186,110
—
Galveston, Texas, It has rained on two days, the rainfall
reaching one inch and seventeen hundredths. This has been
the most wintry week on record. The whole of Galvestf n Bay
was frozen over hard and fast as well as a broad strip alon^ the
Gulf coast. Snow fell to the depth of six inches the oldest
inhabitants had never seen the like. Stangely, it seems doubtful whether orange trees have been killed. Business much
hampered by the severe weather. The thermometer has averaged 33, ranging from 11 to 54. Ice four inches. Last week wa
had rain on three days, and the rainfall reached seventy hundredths of an inch. Friday was the coldest day in twentythree years, the thermometer falling to 11 above zero. Average thermometer for week ending Thursday 53, highest 68
and lowett 30.
Indlanola, Texas.
have had rain on three days of the
week, the rainfall reaching one inch and eighteen hundredths.
—
—We
Killing frosts and ice on six nights. The snow storm tnis
week was of wide extent, and here the snow was three inches
deep. Much damage to cattle is feared, aa the weather is the
severest ever known. The thermometer has ranged from 12
to 45, averaging 32, Ice four inches.
e
THE CHRONICLF.
98
on one day last week, the rainfall reaching six
hundreiiths of an inch. Terribly cold Friday. Average thermometer 57, highest 73 and lowest 29.
Palestiut, Texas.— It has rained on two days of the week,
We
the rainfall reaching one inch and twenty hundredths.
have had the coldest weather ever known, and nearly all work
Killing frost on seven nights and ice on six.
is suspended.
Average thermometer 23, highest 41 and the lowest zero. Ice
xui.
rvoL.
Jin. 15,'85.
Jan. 14 '8B
It rained
six inches thick.
.
-
New
Above low-water mark.
Vlokshnrd...
Above low-waier-niark.
*
Now
fell to zero.
Urleaiui. Louisiana.— It has rained on two days of the
tiie rainfall reaching three inches and sixty-eight
Slirecefjnrt,
1
he thermometer has averaged
Louisiana.—Teh gram not
—
—
—
from 11 to 57.
Montgomery, Alabama. It has rained on one day of the
week, and there has been snow on one day, the rainfall reaching
one inch and ten huniredths. The cause of the small receipts
The thermometer has averaged 23.
IS the cold weather.
Selma. Alabama. — It has rained constan'ly on one day of the
—
rainfall reaching ninety-flve
ing frost and ice on five nights.
aged 19, ranging: from 5 to 36.
hundredths of an inch. KillThe thermometer has aver-
—
Auburn, Alabama. We have had no rain during the
week, hut the weather has been very cold, although as the
week closes there is a favorable change. Ice formed every
night, and there has been a slight fall of snow. Much damage has been done to stock and plants. The thermometer has
ranged from 4 to 46 '5, averaging 21.
Madison., Florida.— There has been no rain all the week.
Average thermometer 28, highest 65 and lowest 11.
Macon, Georgia. The weather has been extremely cold
during the week, with no rain.
C dumhus. Heorgia.—We have this week had the coldest
spell of weather ever known here.
Small grain is sunposed to
be killed. The thermometer has averaged 30, ranging from 5
—
Shipments
the week, the rainfall reaching eighty-nine hundredths of an
inch. This week the weather has been the coldest this section
has any remembrance of. Average thermometer 21, highest
48 and lowest 6.
Atlanta, Georgia.— Telegrura not received.
Albany, Oeorgia.—Te\egra.m not received.
Charleston, isouth Carolina.— It has rained on one day of
the week, the rainfall reaching one inch and sixty-three hundredths. The thermometer has ranged from 10 to 54. Aver-
aging
3
IS
27
38
8
9
3
2
6
iustead of below UtffU-w.iter
ui-^rk,
—
Great
Total. Britain
I
Bril'n.] nenl.
1886
188D
1884
1883
6,000
ii.OOO
6,0"O
.'i,000
Snipments Since Jan.
thit week.
Tear Qrent Conti-
l,0r0 7,000
17,000 19.' 00
7.n00 13.000
1.5.000 20.000
Continent.
This
16,000
29.000
31.000
2H,000
8,000
4.000
24.000
IS.OOO
Receipts.
I.
Total.
Tear.
Week.
62,000
37,000
24,000 32,000
33,000 J ,000
55,000 36,0«0
4t<,000 34.000
1
1
l.l.OOO
90.000
According to the foregoing, Bombay appears to show a n
increase compared with last year in the week's receipts of
11,000 bales, and a decrease in shipments of 13,000 bales, and
the shipments since January 1 shew a decrease of 9,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the Ist of January, for two
"Other ports" cover Ceylon,
/ears, has been as follows,
Tuticorin.
Kurrachee and Coconada.
Shipment* since January
Shipments for the week.
Oreat
Continent.
Britain.
Oalontta—
18P6
1885
Total.
Great
Britain.
Oofitinent.
1,
Total.
?,000
2,000
3,000
2,500
3,000
2,500
1,000
1,000
600
£00
1,000
1,000
1,000
l.OCO
2,000
1,500
2,000
1,500
3,000
1,500
3.0(10
5,000
4.000
5.000
4.000
7,000
7,000
5,000
2.000
2,000
....
.
Uadrat—
1886
1885
AU others—
18?6
1885
l.BOO
Total all—
1886
188.S
.^.000
The above totals for the week show that the movement from
the ports other than Bombay is 1,000 bales mo?-e than same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1886, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EDBOPE FROM ALL INDIA.
1885.
1886.
Shipments
to all Europe
from —
Since
Jan.
week.
1.
.',000
24,000
7.000
19.0C0
4,000
33.000
5.000
13.000
6,100
55,000
9,«0O
I2,00('
31.000
23,000l
38.0(10
IR.lOol
G4,9CO
Bombay
7,000
All other ports.
Total
1884.
ThU
Since
Jan. 1.
This
week.
Since
Jan. 1,
This
week.
This last statement affords a very interesting comparison of
the total movement for the three years at all India ports.
Alexandria Receipts and Shipments.— Through arrangccnents we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
ire the receipts and shipments for the past week and for the
the previous two years.
( orresponding week of
AlexJinaria. Isaypt,
January
1883-84.
1S84-S5,
1880-S6.
13.
Seceipts (oantars*)—
TblB week
ainoe Sept.
Xfti»
Since
/Since
week. Sept. 1.
Exports (bales)—
To Liverpool
ToOontlnent
6.000 151,000
9,ij00 84,000
...
since
Since
This
week. Sept. 1.
a^nce
imt Since
ThU
week. Bert. 1.
7,000 207.000 10,000 164.000
9,000 88,0C0| 3,000 71,000
15,000 235,000 16,000|295,OOOI 13.000 235,000
Total Enrope
'
100,000
2,242,000
135,000
2,489.000
140,000
2,2tf3,C00
1
to 37.
Savannah, Georgia.—\t has rained on one day and the
balance of the week has been unusually and extremely cold.
The rainfall reached one inch and nine hundredths. The thermometer has ranged from 13 to 58, averaging 28.
Augusta, Georgia.— "We have had light rain on one day of
2.5
mark as prior to OoSober 30, 1885.
rom all Ports. The receipt^
India Cotton Movement
and shipments of cotton at Bombay have been as follows fo'
the week and year, bringing the figures down to Jan. 14.
BOMBAT RECEIPTS AND SHIPMENTS FOB FOUR TEARS.
30.
received.
Columlius, Mississippi.— It has rained on one day of the
week, the rainfall reaching seventy-two hundredths of an inch.
The thermometer has avernged 15, ranging from 2 below to 43.
It rained on one day last week, and the rainfall reached fortyseven hundredths of an inch. Average thermometer 44, highest 60 and lowest 23.
Meridian, Mississippi.— The weather during the early
part of the week was the coldest ever known in this section.
Bttween two-thirds and ninety per cent of the crop has been
marketed. The ihermometer has ranged from 2 to 40.
Little Rock, Arkansas.— The week has been one of unusual
severity for this section. We had snow and sleet on Thursday,
and to-day rain. Average thermometer 15, highest 38 and
lowest 4 below zero.
Helena, Arkansas.— y^e have had rain on one day and
snow on one day of the week, the rainfall reaching forty-three
hundredths of an inch. This hits been the coldest week on
record, tho thermometer averaging 16, the highest being 36
and the lowest 4 below zero. Navigation suspended by floating ice. Cold rain this (Friday) morning.
Memphis, leunessee. We have had ram on two days of
the week, and it is raining now. The rainfall reached thirty
hundredths of an inch. We have had this week the coldest
weather ever known. Snow has been on the ground all the
week. The thermometer has averaged 13 5, raaging from 8
below zero to 36 5 above.
Nashville. Tennessee. It has rained on two days of the
week, the rainfall reaching forty -one hundredths of an inch.
The Ihermometer has ranged from 9 below zero to 39 above,
averaging 9 above.
Mobile, Alabama. It has been showery on two days of
the week and is raining to-day. The rainfall reached seventytwo hundredths of an inch. The thermometer has ranged
week,
reported above It>w-wat('r
2
i
o
21
7
9
24
Ineh.
Feel.
4
Aliove low-water marlt
.. ....
N»«hvme
mometer
week,
hundredths.
Above low-water mark.
Orleanii*
Memphis
i
,i
Last week we had rain on two days, and the rainfall
reached one inch and thirty-four hundredths. The thermometer averaged 44, and ranged from 7 to 64. Friday the ther-
New
Inch.
Feet.
A oantar Is 98 lbs.
This statement shows that the receipts for the week ending
Jan. 13 were 140,000 cantars and the shipments to all Europe
15,000 bales.
—
Manchester Market. Our report received from Manchester
give the prices
to-night states that the market is quiet.
for to-day below, and leave previous weeks' prices for comparison.
We
36.
Stateburg, South Carolina.— We had rain on one day in
the early part of the week, but the latter portion has been
clear and very cold. The rainfall reached eighty-ftve hundredths of an inch. There has been ice on six nights, and the
Wateree River is frozen over. Average thermometer 21-4
'
highest 39 and lowest 6.
Wilson, North Carolina.— It has rained on one day of the
week, the rainfall reaching forty-four hundredths of an inch
The thermometer has averaged 23, the highest being 38 and
the lowes-t 8, the coldest weather in six years.
The following statement we have also received by telegraph
Bhowing the height of the rivers at the points named at 3
o'clock
January
14, 1886,
and January
15, 1885,
1884-S5.
1885-86.
S2( OOP.
IwUt.
a.
d.
8H
Mid.
Shirtings.
a.
Nov 13 8ii6a8»8
20 SheaSOg
8
8
" 27 S»8a8iii6
Deo. 4 8i6»8ni«
" 11 3
aSKia
" 18 7^8 asiiB
" 24 7's a8'i«
" 31
Jan. 8 7^ 986,
" 15 7\a8ai6
8
•
Cott'n
lb:
8
B.
d
•? Ik
«7 1>«
»7 I'll
«7 l»s
7's97
7's»7
7'a*7
Upl'ls
d.
5i8
5»18
514
5a,8
5I16
5
32s Cop.
Iwisi.
d.
a.
8H
d.
8Tig39
8
81a t>9
9
9
89l6«9%
8»i6a9%
9
a9>e
8
8>9
8% a9
838 39
7ifl»7
7'iia7
4llSi8
5
8iie39lie
iCibO&'ie
7's»7
51i«
S3s
'9
{if.
Shirtings.
Ootrn
Mid.
Vpidi
8.
5111
»7
«7 2i« 5%
•7
5"l(
•7 3
513ii
5'8
®7 1
5i:'l«
»7 O
6
•7
7is»7
7i«»7
71o»7 O
y
6
SlBig
5'8
.
Janoaht
THE CHRONICLE.
16, 1886.1
—We
Jute Burrs, Baooino, &c.— There has been no improvement in the demand for bagging and the market is (luiet.
Only a few small orders are in hand, with no inquiry for large
Prices are
parcels.
unchanged and at the
cloje sellers are
nominally quoting 9V4'e. for 1'^ lb., 9:Vc. for \% lb., lO'^c. for
Bu'ts are meeting with
1 '.,c. for stand ird grades.
ia lb. and
a moderate iii(|uiry, but no activity is looked for Ht the moment A few small lots have been taken <m the basis of l^xiib
ITaC for paper grales and 2@2 7-18p. for bagging qualiues,
and at the closo tlieae are the asking rates.
1
COMPARATIVK POST RECEIPTS AND UaILY CROP MOVEMENT.
A coinpHrison of the port movement by weeks is not accurate
as the we«<ka in dilferent years do not end on the same day of
Til
Vera Cruz, per
KInga CroKS,
oveiub'r
Deoemb'r
1883.
1882.
1881.
343.812
326.656
429.77T
980,58.i
853,19.s
1884.
18!J5.
!)45.44.5
.090.383 1.046.092
3,^52 1,122,164 1.030.38O1.094.69T
l,O(5-»,9i!0 1,104.211 1.059,653 1,112,536
1,0%5..">24
1
1
,0
996,807
3,5r4,6S« 13,662,205 3 479,337 3.514,473 3,253,822 3.454,099
Total
Fero'tageor tot. port
58-38
68-93
58-80
71-75
78-68
receipts Dec. 31 .1
I
This Statement shows that up to Dae. 31 the receipts at the
ports this year were 67,567 bales less than in 1884 and
The
114,701 bales more than at the same time in 1883.
receipts since September 1, 1885, and for the corresponding
period of the five previous years have been as follows.
1885-86
1834-85.
1883 84.
1882-83.
1881-82.
1880-31.
Tot.Do.3l 3,591,638 3,662.20.' 3.479,937 3,514.473 3,253,822 3,454,099
49,366
S.
20,291
10.259
19,932
Jao. 1....
24.177
•'
35.4'5S
28,830
8.
2....
19,02^
18,208
15,144
" 3....
24,0:.6
23,'.;0c
24,328
23,424
8.
18.888
" 4....
17.B26
29.131
24 814
S.
11.808
19,977
•'
33.')9.=
23,405
13,397
5....
31.731.
25,885
14.490
" 6....
34.713
14,101
37,231
16.773
21.985
B.
" 7....
8.
20.516
15.047
25,039
20.021
17,951
" 8....
8.
34,194
39,653
17,286
14,687
9,986
" 9....
19,749
21,640
8.
20,519
32,314
16,8^5
" 10....
26,949
16.348
26,830
8.
21,9*7
14,734
" 11....
25,77d
15,187
14.574
14.12»
18,0.^H
B.
" 12...
28.512
12.362
1?,144
25.086
20.0S6
15,185
" 13....
20 004
2J,752
31,380
18,: 7(1
B.
18.509
" 14....
17.131
24.744
18.021
a.
12,290
28,777
" 15...
lO.l.iO
17.404
8.
10.9Z4
31,999
24,347
Total
3,8«8.1J2 3,923,255 3,697,817 3,917,592 3,512,700 3,718,785
Percentafj e or tota
82-44
74-42
63-30
port rcc'i to Jan. 15
7624
6508
.
,
This statement shows that the receipts since Sept. 1 up t >
to-night are now 60,133 bales less than tley were to the same
day of the month in iab4 and 170,315 bales more than they were
to the same day of the month in 1883.
add to the table
the percentairefl of total port receipts which had been received
to January 15 in each of the years named.
We
SnippiNO News.— The exports of cotton from the United
Statex the past week, as per latest mail returns, have reached
163,214 liales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published id
the Chkonicle last Friday.
With regard to New York we
include the manifests of all vessels cleared up to Thursday
night of this week.
Total halu.
Liverpool, per stoamerB Abyssinia, 1.952
Bonleror. 3.153
Britannic, 1, 656 ...City of Cheater,
2.015....E iirlanJ, l,:^40....<^allia, b33....Lake Wlnulpeg,
1,718-. ..Mfiniiou, 1,172. ...Sirius, 1,825
15,.500
9-3
To OiiiBjow, pt rstuainiir Elvaia, 975
To Havre, per8te:»uier Aiiierh}iie, 1,330
1,3.50
l-irK:
burg.
York. 15. .00 1,3.0 1.8.14
M. orleana. 30,491 17.753 9.789
7.462
17.121
S.tvannab..
3,"23
UharleaioD.
4,910
.
50
California, 814..
To Amsterdam, per steamer ZaaDdaui. 350
To .^ntwrtip. (Mir siuaiuurg Pieter da Coniauk. 1,980
Sw
861
350
Alesla,
wtrp.
lona.
2,9.i9
......
2.000
8,675
..
Venice. Cruz.
4 46
3,221
.
446
Llveinool, persteam^rs Architect, 4,365
Author. l.>>25
rhaueellor, 3,912
Eiuillaiio,
4,212
... Fi<irlili:in. 4.364 ...Mayo, 3,i00. ....Mexico. 4,170
446
per »liUi AlniiiliaKh. 3.9-3
30,191
To Havje. p'r sirniiitr Mount Olivet, 7,146
per ghlpa
Cli.irlin Baker, 3,674. ...lie Martha, 4.331
15.151
To Dunkirk. p.-r bark Emmmuel Swendeulmrg, li,« 02
2^(!i)2
To liremtu. pt steaiuers Crane, 3,439
Ki giua, 6.230
»,789
ToOin. a. pir hark Gehcm. 3,221
3,221
SATanmah— I'o Liv.r|ioi>l, p, r ship Reviilviu); Light, 1.533 Uplaiid....p. r li.irk likiima. 2,-6:) Upland
7,462
To Kiencn, p.-r stcaiiiers Hexham. 5,1' O Upland
Uoma,
5,4 5 Upland... Strathmorc. 6,3ti9 Uplauil
17,124
To Atiihteiiianj. per l)ark Amirltl.i. 2.0OO Uidaiid
2,000
ToBaicehiiia, p.-r ateamera Allle, 4,800 Upl.vud
luvermay, 3,875 Uplaad
8,675
Total.
23,064
61.254
35,261
1,150
>>•
6,192
2,250
.5,073
62 10,164
2,250
....
9,f;41
9,611
700
700
4,<2>
6.092
1.303
Raltiiuore..
>aton
B
1,987
6,412
8.092
1,303
62 163.214
New York
to
Below we add the clearances this week of vessels carrying
ootton from United States ports, bringing our data down to
the latest dates:
Gai.vestoh— For Liverpool—Jan. 12 Bark Linda Park, 783.
For Biemcu— Jau. !»— Brig Delphin, 674.
Nbw Orlbans— For Liveroool Jan. 9—Steamers Borinquen, 2,239
—
Serra, 4 675; shio Eilernlie. l.HlO.
For Havre— Jan.
9— Steamer
L. Burrill, 3,2«4.
Marion, 4.032
Jan.
13—Ship Mary
—
For Harcoloua— Jan. 9 Steamer Heman C'Ttea, 4.026.
For Malaga— Jan. 9— Steamer Henian Cortea, 1.500.
For Vera Crnz- Jau. 9— Steamer Estnban de Antuuano, 818.
Savannah -F.ir Havre— J ^m. 12-Bark Olnf Ola", 2,032.
Fur Oeiioa -Jan 8— Ka'k Maria Kepetto, '^OO.
Charleston— For Liverpool- Jan. 1-2- Bark Taraora, 1,700.
For Bremen— Jan. 8— Steamer Corona, 4.300.
For Gen"a—Jan. 9- Bark Walie, -i.OU'.
NOKFOLK-For Liverpool— Jan. 8— Ship Maenolia, 3,683.
BuSTiiN— For Llverpool-Jan. 7— Steamer Venetian, 1,669
Jan. 8—
Steamer Pavoula. 1,161.
Baltimokb— For Liverpool -Jan. 8— Steamer Oranmore, 1,383.
For Bremen— Jan. 12- Steamer Weaer, '.,500.
Philadelphia— For Liverpool— Jan. 1-2— Steamer British King,
Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.
Alaska. Rteame"- (Br.), at Liverpool from New York— A fire broke out of
board ateamer Alaska Jan. 8, but it was extinguished before much
dam. ige waa done. Some of the flttiuga of the eCuamer and afew
.
balea ''f co'ton were damaged.
A. WASiniruN. steamer. Johnson, from Moliile Jan. 7 for New
Yi rk wl li .00 liales of cotton, took ttio while 2") miles olT George's
It iieinjf Impiif'Sible
Island, Ai»pal;iciiioola B.iy, A. M. of Jan. 9.
to save the steamer her crew of eleven, iucluling the captain, took
to the boats and were picked up four hoora after leaving the vessel
by sLt-anier HutcUin.son, from Havana, and laki-n to New Orleana.
Matthpiw BkI)I,in(;ion. steamer (Br.), at Nei« port News, ioadlMgcott'U for Liveriitiol-Firo broke out Jan. 14 iu the hold of steamer
Matthew Bedlington. About 2,0J0 bales of cotton were deBtroved.
WiVENHOE. steamer (Br ) from Galveaton for Liverpool, waa run into oy
a tng with luud dumpers at Lambert's P*»int, Va., Jan. 8. knocking
off part of one of h. r pUti-a and staving tia hole about two feet
pqnar-e. She will be repaired at Norlolk.
Eterson. ship (lir ). before reportfd. tne paigo of which waa damaged
by tire and water at New Orie*na, had up to evenii g of Jan. 5
discharged al)out 3,271 liales of cotton, -2,891 bales were hauled to
the luti-mational Press Yard f.r inspection and to be diap.jaed of.
Ship reedJ he vessel expecteil to finish discharginc on the «th.
moi-e (Br.), Morrissey, was lyln« alongside the ship Ryeroon whea
the latte' took tire, and before the city tire department arrived.
Captain Morrissey put hla pumps to work and with hia crew
extiniriiished the lire on hoard the Ryeraon. The agi uts of tha
Creediuore afterwai da libelled the vesael for $70,000, and in order
to release her. Captain Morrlsaey accepted bonds for$25,OtjO.
Alich
<
Cotton freights the past week have been as follows:
Uvarpool, steam
Do
8ail...d.
Havre, steam
Do
d.
Hon.
Iut$.
Wednet
Tkure.
Fn.
'«®9j«
%a964
•sase*
>«»»e4
>830«
....
....
....
....
....
.••>
39
38
39
38
%
%
-*•
-»•
...a
--••
>.*.
Tia
'is
'is
'is
'is
'16
....
....
....
....
....
..«.
c.
sail
c.
Bremen, Bteam..e.
Do
Satur.
",.39,4
aall
e.
•
aamburg, ateam.o. ii3a«'9 iisa®%
2,609
t7..-rland. 6-i9
To Geuoa. imr steamer
HlW OULKANS—To
'.)7ii
usual
and Bremen dam tS
Genoa
Dan- i£ Ham- Ant- Barce- and Vera
Liverpool.
New York—To
To Hieuii-n, iier tite.iiner Rlieiii, 970
Tci Hiuiiliurit, pir steauiei-s B.>lieiuU.
8,092
1,303
163.214
Total... 83.447 19.103 36.189 6,946 8,675 4,317
Included in the above total are 973 balea from
Glasgow.
974,041
4,42S
1,987
particulars of these ahipments, arranged in our
form, are as follows:
Phladelp'a
385.'i42
700
7CK)
2,1 IS
-
Total
Wilniingt'n
Norfolk....
Newport N.
1880.
0,641
4,2Ht>
The
GalveaTon
JtanlMv
62
2.250
Peruvian, 2,307
To Amworp, per ateanior I.,oro, 1.987..
Boston— To Llvenxxd, per ateamera Iowa, 2,482
Kansaa,
Noraeman. 2,387
3 22.)
Philaoiil,phia— To Liverpool, per steamer Lord Oougb, 1,303
k>WB.
Tear Beginning Septemtter 1.
1,IM>
4.910
5,1^2
62
Hteaiiier Harlafi,
NKwriihT Nkw» -To Liverpool, per bark Htralhmnir,
Baltimoiik— I'o Liverpool, per ateamera Barrowmore,
New
hntu
.^.923
Wn.MiNOToN— I'o Kicnien, per bark Kalry llcllc, 2.'2fiO
NOKFOI.K— To LIverMOol, per ateauiera Ueubrsek B,37B
We have consequently added to our other standing
a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
The movement since
ni'ivement for the years namsd.
September 1, 1885, and in previous years, has been as foltables
Total
hark Bellona. 3 923 Upland
To Vi-nlco. per lirU Kreole, 1.150 Upland
Oalvkhton Ti> l.lveri'iiiil. per Khip Klidenlioiw. 4,91U
To Bremen, per Hteamer MarehloneHn. 5,192
the month.
Seeeiptt.
99
Bombay CaARumTON—To Liverpool, per
are advised by cable from
East India Crop.
to-day that crop accounts continue favorable.
Bept'mb'r
October.
;
:
Do
8ail....e.
Amst'd'm, ateam.e.
Do
8all...o.
Reva), steam
Do
d.
Ball
c.
....
40»
....
....
40*
•
*
...•
40*
....
....
....
....
....
....
....
»su
»32
T,jai4
'4»»3a
»Ma"M
llS2®38 Il32»>b
....
40'
40*
16„»932 1S«4®«33 "64«»3S «A4^«32
B.13
Barcelona,steam.e.
»33
7,„3,l4
Genoa, stean>
e.
''32'S'H
Trieste, steam... e. »4®»»a
>4a932
Antwerp. steara..e. ^3-2 3**^4 B,,®ii,4
Per luo
H32»% nsa»%
.»
....
40*
....
Ku^Hi '»a4»»M
....
"4
»sa
Tag a 14
7sj»«4
'4a»32
J4a»,j
>41I»S»
las
a
"ss
«.«3"M'xSallM »3»»"»4
lbs.
—
By cable from Liverpool, we have the following
statement of the week's sales, stocks, &c., at that port.
add previous weeks for comparison.
LrvEKPOOu
Wo
.
.
.
1HE CHRONICLE.
100
Dec. 31.
Dec. 24.
Jan.15
Jan.S.
[Vol. XLII.
Indian corn was firmer early in the week, but subsequently
The export demand was much less active, and the
The feeling in the market was
speculation lacked epirit.
generally unsettled. To-day a firm opening was followed by
depression, which was larg-ly from sympathy with wheat.
declined.
1,000
32,000
4,000
18,000
Aotaal export
Vorwarded
...,
511,000
379.00U
90,000
79,000
.^
23=>,000
3Mal stock—Esttmated
or which American—Estlm'd
30tal Import of the week
Of which American
Amount afloat...
222.000
Of which American
59.000
8.000
4,000
43,0<0
10.000
19.000
579,000
440.000
63,000
60.000
24^.000
227,000
30,000
2,000
1,000
23,000
8.000
17.000
541.000
409,000
82.000
7l,00C
234,00(
21H.OO0
41,000
2,000
bales.
week
Of wUch exporters took
Of which speoalators took..
alee Amerloan
Bates ol tbe
The tone of the Liverpool marliet f jr spots and futures each
day of the week ending Jan. 15, and the daily closing prices
•f spot cotton, have been as follows:
Market,
K:30P.M.!
I
Steady.
Fndav
tendency.
Fair
business
doinK.
Fair
business
doing.
demand.
Mid. Upl'ds
5
5
5J8
51,6
53i8
S'la
5l8
5iia
5i6
id. Orl'ns.
5>e
12,000
1,000
10,000
1,000
lO.OOO
1,000
Bales
Harden'a Harden'^.
7,000
8,000
500
500
Bpeo.A exp.
vttoce.
Market,
5 P.M.
cline.
Tance.
Barely
Barely
steady.
Bteady.
Quiet at
1-M de cliue.
Steady.
10,000
Optn Htvh Low.
4 83
Jftnaary
Jan.-reb.... 4 62
Olot.
d.
d.
d.
d.
d.
d.
d.
4 62
4 63
4 82
4 82
4 62
4 63
4 83
5 01
5 01
6 01
5 01
5 02
6 03
6 00
6 00
6 00
5 01
504
604 6 01
6 0!
6 07
4 82
4 82
4 63
5 01
6 04
5 07
4 63
tea
4 82
4 82
4 63
5 01
610 5 10
513 6 13 613
916 610 5 18
5 10
483 463
5 01
5 04
5 07
5 10
Wednea.. Jan. 13.
piwn High Low.
0)01.
i.
d.
d.
d.
500
601
5 07
483
600
Ttaara.,
5 03
604
606 506 5 04
600 5 09 6 07
612 5 12 611
515 515 5 14
5 07
Jan. 14.
Open Hioh Low.
d.
63
d.
d.
4 62
Htgfi
Low.
Cloi
d.
d.
d.
4 62
4 62
4 63
5 01
5 01
5 01
6 00
4 82
4
4 62
4 63
4 63
5 01
5 03
463
463 463
6 01
6 03
6 01
5 03
5 01
5 03
4 82
4 63
6 01
6 03
506
610
513
616
606
510
613
618
608 606
5oa 6 09
512 612
615 615
508
S06 606 606 606
eio 5 10 6 09 5 09
613 513 512 5 12
516 516 615 615
501
5 03
5 01 500
602 6 02 6 01
5 04 604 5 03
6 06 606 5 05
509 6 0U 5 08
512 6 12 5 11
615 615 514
618 618 517
481s
48^
aoifl
36:%
36 14
Sb's
36!i»
3638
^^ly
3' «
gyig
371*
37
37
36 '8
3714
3714
37
37
36''e
3«78
Thurs.
3GI4
SB's
se'e
3b7e
307e
Fri.
3d^
36%
3tK
and
ite,
74c. for fair
six-rowed State.
The following are the closing quotations:
FLODR.
$3 40 9 3 65
?)hbl.$2 40i» 3 30 Soutliern supers
40 Southern bacers'and
00*3
3
Superfine
4 659 5 25
.
family brands
Spring wheat extras. 3 10 9 3 50
Minn, clear and stra't. 4 009 5 00 Bye Hour, suportlne.. 3 309 3 55
Winter shipp'iJ extras. 3 25a 3 7o Oom met 1
3 009 3 15
Western, Ac
Winter XX & XXX.. 4 009 5 00
Brandywine. Ao.... 3 159 ....
* '^l?® 5
Patents
flour,
Buckwheat
5
00
609
^
3
City snipping ex
1909 2 10
100 lbs
South'n oom. extras . . 4 00 9 4 50
CHAIN.
63 • 64
Kye—Western
Wheat—
State and Canada. .. 66 9 67
83 9 99
8pnng,per bush.
35 9 38
Oate— Mixed
90 9 HI
8piingNo.2
39 e 44
White
89% • 91
Hed winter. No. 2
36ia9 37%
No. 2 mixed
75 9 98
Bed winter
40ia» 41%
white
No.
2
85 9 90
White
1 Cauad.1 I 00 a 1 05
Barley-No.
51
9
43
mixed
West,
Ojm—
84
82
No. 2 Canada
49% » 50
West. mix. No. 2.
69 9 71
State, two-rowed
46 9 52
West, white.'iew.
85
73
six-rowed
....
State,
4« 9 52
West, yellow, now
53
51
Buckwheat
50 9 55
Whit« Southern..
48 9 52
Yellow Southern.
Fine
Jan. IS.
d.
4 83
5 01
5 03
April-May.
May-June..
June-July.
July-AuR..
Ang.-3ept
FrI..
6 17
48%
sold to a moderate extent at 66c, for State. Barley
rather easier, with sales to-day at 70c. for prime two-rowed
St
511
614
617
Open
463 482
463 4 62
5 01
6 18
4878
4858
481a
48^4
SHis
January delivery
February delivery
6 07
d.
463
March-Apr
5 18
6 02
d
600
500
500
602
504
Clot.
4 63
4 63
4 63
4 83
502
6 01
510 510 510
513 5 13 5 13 5 1.1
6 16 516 616 616
12.
Open High Low. OUu.
d.
June-July.. 610
Jnty-Ang... &I3
Ang.-Sept.. 516
Ian.-Feb...
«:eb.-Maroh
Cloe.
d.
Fob.-Maroh 463 4 63
March- Apr. 6 01 6 01
April -May. B04 504
May-June... BO? 5 07
JADXIATJ....
Open High tow.
d.
A.
48%
4»%
F^i.
50
50
50
Rye has
Qnlet at Bteady at
1-64 ad.
2-84 adranee.
vance.
Quiet
but
Steady.
J an.
SO"*
;
1,000
Tnea.,
49
491a
50i4
48 !«
48 '4
4818
4818
48 ig
Oats have advanced, and there has been some business done
for export but generally trade and speculation have been
alike dull, and the close to-day was weak and unsettled.
April delivery
May delivery
8f«adT.
.nan., J an. 11.
A9H
49
50 '4
49
49
48i3
March delivery
The opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated,
17* Tht prices are g^nen in pence and Siths, thut: 4 63 meant
4 63-64<I., and 5 01 means 5 l-64d.
Sat. Jan. 9 •
51
51
oW'e
51
oO^g
49i4
48%
April delivery
May delivery
is
Future!
Stead; at Steady at Quiet at
Market,
.t,J
1.81 de2-64 ttd1.64 ad.
V2:S0r.
Fair
5^
In elevator
January delivery
February delivery
March delivery
DAILY CLOSraO PRICES OF NO. 2 OATS.
Wed.
Mon. Tues.
Sat.
Wednet, Thurtd'y.
Saturday Uonde y. Tueiday.
Bpol.
DAILY 0LO8INO PBI0B8 OP NO. 2 MIXED CORN.
Wed. Thurt.
Hon. Tutt.
Sat.
500
600
501
503
5 05
5 08
511
6 14
6 17
1
The movement of breadstufts to market is mdicated in the
statements below, prepared by us from the figures of the New
first give the receipts at Western
York Produce Exchange.
the comparalake and river ports, arranged so as to present
and smce
tive movement for the week ending Jan. 9, 1836,
July 26 for each of the last three years:
We
8<Mipt« ot-
Friday. P. M., January 15, 1886.
Tfce storm, making transportation diflicult, and the depression in the grain market?, have caused a dull trade in flour
and meal, and prices hav* been more or less depressed. Still,
no material decline has taken place, and there was a steadier
feeling appirent today.
The speculation in wheat for future delivery has been
notable for the sharp decline which set in on Tuesday afternoon, and continued with but liitle check to the opening of
Thursday's business. The check to the export movement,
which had been given by the effort to sustain prices, the
«xces8ive visible supply, and the high cost of carrying purehases for the rise, precipitated a selling movement, to which
Itye.
BmhM Ibi
22 309
4.015
93.749
2,677
161.254
2.925
29,000
6.000
11.806
266.080
82,180
36.431
62 800
570
890
61,932
7.850
81,990
9,800
1,500
107.462
787.845
1,087.511
543.451
417,932
35.591
182.8«7
130,882
1,474.241
2.196.308
372 322
44,090
950.883
1,778,391
700.712
516,402
282,149
80,62^
45 986
Louis
Bartev.
Bush.iSUu
201.908
108,280
21.189
21.372
4,803
39.2(13
Milwaukee
Toledo
St.
Oat;
Corn.
£iu)l.66 Wt Siull.32 U»
359,068
556.058
170.859
16.900
4.800
121378
lbs
91,372
83,9»1
1S.060
Chloaso......
.
....
Peoria.
11.748
S2.3I4
8.230
i.9S-i
99.528
Doluth
Tot.wk.'86
Same wk. 'B5
Same wk. '84
Since JiUk 26
BREADSTUFFS.
Wheat.
Flour.
Bbi».196HM Buah.OO
1886-86.
4.008,828
41.262.221
45.459.428
31,118.981
12,917.945
2.070.210
..
18M-85.
..
5.128.478
74.053,638
42.583.808
10.248.033
18t3 81.
4,687.811
52.654.060
55.835.775
3,372,067
5.Sat.38S
..
30.906 014
33.0.W.133
ll,9(i2.57t<
flour and gram at the seaboard ports for the
1886, follow:
"
Sye.
Barley,
Oats,
Corn,
Wheal,
Flour,
The receipts of
week ended Jan,
At—
New ¥ork
9,
bbls.
8-',2.58
Boston
Portland
Montreal
Philadelphia...
Baltimore
45,462
1,500
6,010
21,091
23,311
Richmond
Newport News
1,175
New
6,243
Orleans...
bush.
31.350
6,873
7,600
22,900
21,000
31,520
6,630
b^ish.
408,9.'^2
244,400
68,735
1,1100
86,000
654.932
12,190
23.714
244,(159
bush.
biuth.
bush,
213. s30 130,435
8,l82
101,854
"516
5.000
4,000
118,000 28,800
18.421
7,988
5,400
3,730
16,692
9,616
the bull party made little resistance, until a decline of 2@2i^c.
193,033 ~127.873 1.742.832 485,78)167,417
Totilwclc
per bushel had been recorded. Then came a demand to cover OM?we^k '85.: 27i:232 623,275 1,511,973 414,9»3 92,358 10,5o0
eontracts, a more free buying of wheat on the spot for export
weeS
The exports from the several seaboard ports for the
and milling, and some return of confidence among the bull
Jan, 9, 1886, are shown in the annexed statement:
ending
party. The little strength the market showed on Monday
was due to the severity of the storm in the Mississippi, and
SxporU
Feat.
Bye.
Oala.
Flour.
Corn.
Wheal.
the apprehension that the fall-sown wheat in middle latituoes
from—
had suffered some injury. The lowest prices made for options
Biuh.
Btuh.
Bash.
Bbls.
Bush.
Bush.
606
1,204
of No. 2 red winter were on Wednesday, and were 8958C. for Hew York 226 9t!8 708.1'87
44,2«8
240
15,439
118.13!
10,497
February, GOJ^c. for March, 92?ic. for April, OSJ^c. for May Boston. ..
8,730
•"""*
3,707
68,73i
7,6i>0
and 94%c. for June. To-day a firm opening was followed Portland.
Montieal.
""496
by. a fresh decline, in which most of the recent advance in
i',il'4
Phlladel..
15,67 3
futures was lost, and the export business was unimportant.
119,606 303,444
Baltlm're
19b
79,809
N. Orl'ns.
DAII.T CLOSIMa PRICES OF NO. 2 BED WINTER WHEAT.
Hon. Tues.
Wed. Thurt. Fri. Richm'd
ISat.
90 13
9,338
9118
90
9i
90
Tnelevator
5,641
89% Total w'k 364,663 1,279,104
76,710
I
.
January delivery
February delivery
March cbUvery
9008
91»R
8u<a
9014
89
91M
92''8
93
92
91
April dellveiy
Iby dellverr
94>i
9433
9338
96
9ft
92%
94%
Aine deUvery
SO"*
5
97
94%
95%
89%
P5i8
891a
90I4
9lia
93 18
04 ^8
95»8
88%
891a
90'8
923^
S'me timt
1885.
1,262.882 1,405,469
260,525
76,163
31,949
46,763
We
add the
The destination of these exports is as below.
93%
94% corresponding period of last year for comparison.
m
.
Ja-nuary
16,
THE CHRONICLE
188«.J
189&.
Week,
I88ri.
Wtek,
Jan. 1>.
Jan.
10.
1885.
Week.
Jan. 10.
1886.
Week,
Jan. ».
203,14%
I82,73.l
24,
41.8.%2
Dn.Kloft
V!.7()7
1<)
1,520
IlldlKH
Bril. col's
Otli.a'u'la
11. o;
650
4,l(iS
'J
1885
Week,
Jan. 10.
Auk*
0.-)0.08H
401.012
86,653
8.704
60
1,500
3iJ
2,062
SOl.UCA 1.262,462 1,279,101 1,405,489
a«o,s2,s
76.710
Total.
Bunk.
R»2,707
372,007
7«l
2,144
10,985
9!>5,S03
806,b8l«
I^,:lv:^
•-M-i'.
W.
1886.
W4ek,
Jan. 9.
BtwA.
BhI*.
Oontlii'iu
B.A<'.Alil
Com.
WktU.
flour.
txporit
forto&-'-
By adding this week's moTement to our previous totals we
have the following statement of exports this season and last
season:
now.
M
on Elnsdom
OontlDant
8.
a
1.617,899
51.1S1
. .
Am..
IndlM
C.
Wan
Bmh.
BMl.
BM..
Cbm.
Wheal.
i*s-8a.
te>/4<nt to(0 J in. «5 In AtlQ. 24 tn
AUO.
Jan. 9.
Jan. 10.
Jan. 9.
18f4.8J.
1880-88.
18^4-8 >.
Aut.mto AuQ.2i
Jan.
10.
8,70«
SSfl.&SO
4,107
703,817
1349i»9
4S9,5:»
140,617
40T79
8S.4fS9;
ni*-'i
1,9
1,409
Bnucornlee
a87.1!98
SS
146
43,60a
Oth. oonntr'a
12,«U7
18,37S
16,8!»"
18,878
M.23S
68,311
a.fl.'si.aio
s.4riS.ii'0
7.ns2.l^5
i5.S23.4-IO
18,8M,iM0
10,27^810
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. 9, 1886 :
Barley,
Rye.
OaU,
Com,
Wheal,
biuth.
biish
husk.
bttefi,
biiah.
In eiore at—
NowYorx
Do
afloat
Albany
Buffalo
Do
afloat
Ohica);u
no
afloat
142,169
14,6a0,758
47.000
2,578,619
Detroit
2,2."SS.143
0«weKO
27ii,000
2,489.18!)
90,500
151,000
283,4S8
Boston
Toronto
Montreal
SUPanl
28,0(10
31,581
23,714
Toledo
46,602
61,393
13s,0<
226,872
2,000
355
506.fG8
922.994
2,453
413.2.i3
41,948
160,«.iO
124,115
933,140
72,451
1.247,253 1,179,215
6.1G9.782
1,200,000
558,.577
Ml88
Onrai.
DoH'ti
143,0C0
1.555,000
10.934
3,860
5,648
51,S19
O
1,100.769
10,000
2TG,9-.'9
IndlauapollH
Kansas City
Baltiirore
Minnflapolls
13,604
3,'i7»,i8.>
5;i2,-i07
8,43-),300
124..^21
2.380, •lOa
Philadelphia
-Peoria
133.138
4 2..'^00
Dulatli
Louis
Cloclimatl
320,701
34,.^00
3.594..148
8t.
213,212
102.500
MUwaukKe
Do afloat
afloat
272,623
1,07S.!1.'>1
Newport News...
Do
116.474
58.100
5,975
106.971
210.000
65.900
252,267
364,513
9,163,7ri2
l.OsO.OOO
2,000
160,220
34,000
376,898
90.709
173,693
103,371
81,270
45,716
4,677
1.015
435,000
513.000
159.906
95,000
P3,195
191,170
tlckingn, plaids,
checks, stripes, seersuckers, skirtings. Sec.
White goods,
damasks and curtain materials were fairly active, and desir-
makes are firmly held, as are the best makes of plain and
colored cottons referred to above. Print cloths were active
and dearer, large sales of d4x64s having been made at 8 1.^0.
able
while 50x60s are firm and scarce at 2J^c. Prints, foulards,
sateens and lawns were in improved demand by package buyers, and a continued good business was done in dress ging-
hams, crinkled seersuckers and other woven wash fabrics, by
the mill afcents. Cotton hosiery and spring underwear continued in brisk request, and many makes are largely under the
Woolen Goods.—There was a good
Domestic
movement
eteady
execution of orders
business in this connection wa« only
in spring clothing woolens, in
record, but new
moderate. Heavy woolens for men's wear have met with
increased attention from intending buyers, and some very
fair orders for overcoatings, low grade cassimeres, worsteds,
satinets, &c., were placed for future delivery.
Manufacturers' agents have opened overcoatings, &c., at an advance
of from 5 to 10 per cent upon last year's prices, owing to the
enhanced cost of the staple; but buyers are seemingly reluctant to accept the situation as yet. Kentucky jeans and
doeskins were only in moderate request, but stocks are light
and prices remain firm. Light-weight tricots, ladies' cloths
and soft wool dress goods were in better demand, and there
was a very fair business in worsted dress fabrics and Jersey
cloths.
Flannels were distributed in small parcels to a fair
amount, and there was a moderate inquiry for blankets at
the hands of agents and jobbers. Carpets continuei in steady
request, and firm at the lately-advanced quotations.
FoEEiGN Dry Goods.— There was a slightly improved demand for a few specialties at first hands, but the general
market for imported fabrics has lacked animation. Dress
on
7.U'i3.189
13.107.700
2,5«7,3.')0
Auv. 85 f.
Jan. 10.
Bluh.
I2,1RI.867
!109.723
(n
».
in other deKtip-
tions of colored cottons, as denims, cheviots,
control of orders.
13.433,617
4.830.000
iS,131,977
219..V17
Jim.
101
demand, and there was a moderate business
I8f4-8S.
Bulk.
2,«73.763
847.108
18P6-8e.
33\87»
3oeg<o
•Vf^ttit.
,
—
.
5.3i;0
18,013
56.000
326
8,223
3,736
666
51.870
2,000
5,154
6,270
166,000
7,100
2.203,948
736,438
2.,<93.768
774.81'i
goods were in moderate request, and silks were a trifle more
active, and firmer, owing to a recent advance in raw silk,
Men's-wear woolens were mostly quiet, but steady in price.
Housekeeping linens, white goods, laces and Hamburg embroideries have shown more activity, and a fair business was
done in hosiery, fabric gloves, trimmings and fancy goods.
Importations of Dry Goods.
The importations of dry goods at this port for the week
ending Jan. 14, 1886, and since Jan, 1, and the same facts for
the corresponding periods are as follows:
2.749,657
3,419,251
Tot. Jiin.
.5.444 117 2.378.415
T.it. Jan. 10, '«.^* 42,63 ••988
Tot. Jan. 12, '81*35,005.075 10.029,656 5.891.560
Tot. Jan. 13, '(3* 21.388,769 9,428,510 4,471,821
Tot. Jan.
9. '86. 57.958.176 9,188.003
2. '86. 58.645,:i25 l0,2.-i.=.,337
720.460
1,733.075
3,165,618 2,6'.;S,4i'2
2,946,494 1,540,239
E
Flax
Cotton
Wool
Flax
Flax
Cotton
Wool
*
Minneapolis and
St.
Paul not included.
Manufaoturea
1
f
•a
of
1
a rule, but a very fair distribution of domestics, prints, white
goods, hosiery, notions, &c.., was made in package lots by
fome of the principal jobbers. Valuts have not materially
changed, and the tone of the general market is steady to
much better shape than at the opening of
Most of the wholesale buyers who have thus far
appeared in the market are in very good spirits and disposed
to make liberal provision for the coming spring trade, but not
the least tendency towards speculation has been apparent.
DoMKSTic Cotton Goods.— The exports of cotton goods
•rom this port during the week ending January 13 were 2,866
OiM
CO
OCO
to
Vtyi
3
rf».
n
#kCD<|y»o
OSOOtCi--
o
2
3
to
c
B
>
biCD
MtClO*-
o-t*-
05 W^- JU"^
OJ -kJ Jj Jk it*
to
OS "X
(XCO
A CO
tO^Ofb.CO
^
coco
on—
«»
OOM
w
01
u
:;!&>
C/>OD
0.
8S:
«2oi-t*.
to*.
CO -J
A-
I^
QOK>
en
ro
f^
^-^
«to
to
r«
CD
tOOi
®IS^
CJ«
^
—t
I9i«>
—
•-*.
OS
"^ "^
>»>'
:
O--!
co^l^^--^**
» (0
t- — Mh*
CO
10-4
M ^» CDit^^CDtO
o
a W-- CC)i^ X O
V ou< tg»o>oo
<e
WM
WW
(JIM
m
*»
Oi:
en
at
OOM
w->
a<o
1
M*J»0^1-^
*.
M M Oi -'
H
1
CDO-05t^
«(
tOKCO^^
^ « ;0 * ?
§
•^ C *» X - J
OS
on CO
o
,t.tC3i:c-J
vJU
!».
a
!
UM
i«.M
.w.-^
_
J*
^
3
Ol
QIO
S_ O-J
a
»
A
«llO
O
M UX
>ai «•«>
tSMCOtO
w«
-*. --J
Quto
-
:;iaD
w
fhOiOQOOa
n
-03
M
COM
t
COXifk
rocc
X-J
co CO
CO
QC*»-OSCO
JL^CS
M^WCOtO
C*».ciy
3s
crf»>xto
w
'J*
o
en® to X
OCO^S-t-OS
CO
ja^l-.h-M
•l^l
Cl"x»0-ltO
•z
COtOtDXCO
to CO OS
r--.
n
9
'Ji
^
»
.u
9 >: (0 «
Ol
o
o
tO(£.<iOtC
r
t-*
s
T.aoorfk
o ww-ho»" coxto
o
ccc;icox^
CO
4k
1?
CD
CD
1
osxxoso:
OS^^rf»^
OSf^<-»CDC0
M
ga&oco^
«
ha
P-
•^^
CC O 5>
O
tZCDO^CP
^
u
<1
>QC
COi^
UiQO
MWCOM
-J"
M'-'-0>f^
*
ZOVt^ViX)
s
i
(«
«
X
X
^
00
"i^'o
M?r «
? »l ^
1
«*
10 to
*-
^1.
m
3
ft
n
vre~
lU'Z>f<'V"^
to ;o
M
s
lo"
MtiCOa"©
a-tco**
4)
M
X >
CO CO tC CO *o
— tc^
(D33
*.-J
r
M
10
H
H-
1 f
wtWl^X"-
v
1
C;icp»c^U
CClOOi;4-
—
>'"'
C;iQDif*tOU
- 03 M
o'coVjtob
Q =
a
OB
3
i
>
O*
|b>.
aoout©
«•
8
xS:
CD^ — co-
OS
principal export shipments
.«
i
s5
^v*^-Ji
Vt
om
lf>'
i
M
'
(-.-^
W — CDpfrOD
-JtOtCl^**.
*. •£ * O W
cs o -J a ®
Qriy>
1
toco
o
a
OB
OCP
00
to
s o
ICtOWi^^lO
t6*&*'OC0
_J
91
W<1
<0
o
to
90
MO
ooyow*
t-'GO
lt>.<l<l-JI»
o
OD
were as follows: Great Britain 1,895
packagf 8, Cuba 100, Brazil 1.53, Mexico 132 and Hayti 127. Transactions in plain brown and bleached cottons were numerous,
and reached a fair aggregate amount, though there were few
'arge buyers in the market,
Cottonades continued in good
CC CD
i
•J
in 1881.
:,i
9'P^
OX
m <D**
CO
The
and 4,690
-J
1
lackages, makintj 8.509 for the expired portion of this year,
in 188.5
M
ao
firm, stocks being in
same time
;/"
MMW^
-JWr-e*.
0:M
u«
yt
p
-IWMM-l
••D<i
last year.
against 7,44.5 for the
M
C 35 O
n
n
of—
Ii
Friday, P. M., January 15, 1886.
GO
Wool
Ulfloellaneoas
SI
5
THE DRY GOODS TRADE
The dry goods trade has shown a fair degree of activity the
past week, owing to the arrival in the market of a great many
jobbers and department buyers from the West and South. The
demand at first hands was somewhat irregular, the most staple
cotton and woolen fabrics having displayed lesa animation
than department good.-i, as prints, ginghams, dress goods,
woven cotton wash fabrics, white goods, hosiery, underwear,
&c., in which there was a fairly satisfactory business in spite
of the seventy of the weather, which naturally checked oper
atioDs to some extent. The jobbing trade continued quiet as
Cotton
i
o
Uannfacttu'eB
SI
j^
:
;
.
THE CHRONICLR
102
[Vol. XLIl.
AMERICAN
FINANCE COMP'Y,
NEW YORK.
96
BROADWAY,
President
Ut Vice-President
2d Vice-President
Sd Vice-President
Sec'y and Treas.
SHORT
FRANCIS A. WHITE
J AMKS 8. NBGLK
THKO. B. TALBOT
JOHN
C.
IT
WM.P. WATSON
Anthorized Capital Stock, $1,000,000.
600,000.
Paid In - - . •^^- -
SOUND INVESTMENT BONDS furnished to
Sav-
ings Banks, Insurance Companies, Executors and
Trustees of Estates, and Individual investors.
UNITED STATES BONDS, State Bonds, Municipal Bonds, Railroad Bonds, bought and
sold.
DEFAULTED BONDS
of States, Municipalities
and Railroad Companies negotiated or collected.
TIME LOANS made on United States
CALL
AND
Bonds and good Municipal and Railroad Bonds.
FINANCIAL AGENCY for railroad companies and
other corporations. Will also conduct the reorganigatlon of railroad companies and other corporations
whose bonds are in default,'.or whose property is In
the hands of Receivers or Trustees.
RAILROAD LOANS negotiated.
OF NEW TORE.
No. 49 WAI.I. SXRGKT.
&
Surplus,
Executors, administrators, or trustees of estates,
money.
company a convenient depository
C«h
Capital
LOUIS
S.
SiVV'iiSi
211,000
Deposit with Insurance Department
Vice-President
President
Fkrbihb
Hon.
Jas.
Bib albx. t. galt,
Managing Director;
Bdwakd Rawlinqs.
NEW YORK
BROADWAY.
NO. Ill
D. J.
OFFICE:
TOMPKINS,
Secretary.
Union Trust Company
CAPITAIi, srKPiirs,
-----
-
-
-
-
-
-
-
-
S. T. Fairchild.
1.
BROADWAY, NEW YORK.
Gov't Bonds.
E. B. Weslej.
D. H. McAlpin.
Georire B. (Jarhart,
Henry Stokes,
courts of the various States
DEFARTnENT.
CASVAL.Tlf
Policies issued against accidents causing death or
totally disabling injuries.
Full information as to details, rates, &c., can be
obtained at head office, or of Company's Agents.
Wm. M. RiCHARi 8, Prest. John M. Oranb, Seo'j.
RoB'T J. HiLLAS, Ass't Secretary.
DlKBCTOIiS:
David Dows,
W. G. Low,
Geo. T. Hope
Charles Dennis,
G. O. Williams, A. S. Barnes,
Alex. Mitchell,
J.8.T. Stranahan.H. A. Hurlbut,
Vermllye,
B. Chittenden
Hull,
D.
S.
A. B.
J
Wm. M. Richards.
Geo. S. Coe.
.
SaBBHANS. JBWBTT, Pres. JOSIAH JEWBTT, V.Prei
William C. Cobnwbll, Cashier.
Rank of
Buffalo,
OAPIXAl,,
$300,00U
E.
ATLANTA, OKOKUIA.
O^ilvie.
Woods U.
Direct Line to
McLean,
George Cabot Ward,
J.B.Johnston,
G. G. Williams.
E. B. Wesley,
EDWARD
PHILABEIiPniA.
From Pier (new) 42. North River, foot of Morton St
Travelers by this lineavoid both transit by Knsllsh
railway and the discomforts of crosslnK the Channel
in a small boat.
Wed.. Jan. 20. 5 A.M.
CANADA. DeKersHbiec
LABKADUH, 1'. d'Hauterive...We'».. Jan. 27, llA.M.
..
Wed.. Feb 8.5 A.M.
8T. GERMAIN, Traub
Wed.. Feb. 10. 9 A M.
ST. SIMON, Uurand
Prick op PAH8AGK(tncludln« wine*;— To Uavre—
First cabin, |UK) and #80 second cabin. |H<i: steerHeajie, $22— Includinj; wine, beddinc and utensils.
turn tickets at very reduced rates. Checlcson Banque
Transatlantlque, Havre and Paris.in amounts to suiL
Authorized Capital
*1.000.000
600.000
Paid-up Capital
Acts as Executor, Administrator, Assignee, etc..
and executes trusts of every description known to
the law.
All trust assets kept separate from those of the
The Compa^nle Generate Transatlantlgne delivers
at its oflBce In New Vork special train tickets from
Havre to Paris. BaKKa^e checked through to Paris
without examination at Havre, provided passengers
A. O.
JAMES
J \MES H.OGILVIE, Second
HONALD80N, Secretary.
Vlce-Prest.
The Union Trust Co.,
bll
AND
613
;
CHESTNUT STREET.
Company.
JAS. LONG.
n 'Vlng colleo.
U
ited States,
:
MAIILON
Pres't.
S.
D. R.
^t:ttst
©ompauljes.
The Brooklyn Trust Co
Montague & Clinton Bts., Brooklyn, N. Y.
This Company U authorized by special charter to
Cor. of
act as receiver, trustee, guardian, executor or administrator.
it can act as atrent in the sale or management of
real estate, collect interest or dividends
receive
registry and transfer books, or make purchase and
sale of Government and other securities.
Religious and charitable institution-*, and persons
unaccustomed to the transficiion of business, will
find this Company a safe and convenient depository
RIPLEY HOPES. President.
for money.
EDMUND
W. CORLIKS. ViCG-Prest.
TRUSTEES:
Joslah O. Low.
E. F. Kuowlton, Henry K Sheldon.
Alex. M. White, John T. Martin. C.D.Wood.
Fred. Cromwell, Hehry Sanger.
A. A. Low,
Johp P. Rolfe, " m. H. Male.
Alex. iMcCue.
Micb. Chauncey. E v* Corlie«,
Ripley Ropes,
Wm. B, KendaU.H. E. Pierrepont.Abram B Baylla
J4S, Hoes C^jRRAK, Seoretarr.
France.
Between NEIV
D. C. Hiys.
KING. President,
M. MrLEAN, First Vice-Pres't,
T,eathBr Banh: Union Bunl* nf l.omldi.
This bank has superior facilities for
all accessible points In the
tlons on
C.
GENERAL TRANSATLANTIC CO.
YORK and HAVRE.
C D. Wood,
Canada and Europe.
Liberal terms extended to
accounts of bankers and merchants.
CoHHKSPOXi>ENTS.-New York, NF.tl aal Shoe A
N. Y.
1>
ONLY
Parker,
Burglar-Proof Safes to rent at t5 to |ttO per annum.
Wills kept in Vaults without charire.
Bonds, Stocks and other valuables taken under
guarantee.
Paintings, Statuary, Bromses, etc., kept in FireProof Vaults
Money received on deposit at interest.
BUFFALO,
Supreme r.mrt. Washinuton.
Scheli.
Amasa J.
EXECUTIVE COMMITTEE:
M
S.
A. A. Low,
G. G. WilHaras,
R. G. Remsen.
J. B. Johnston,
Edward
Whitewright.
James
Angier,
\.
PRACTICES IN ALL TUB COURTS,
Oorporalion and Commercial Law a Specialty.
Refers to Judges Stephen J Field and Wm. B
Samuel F. Barger,
Robert Lenox Kennedy,
Wm.
Law
C Vanderbilt.
James Forsyth,
George Cabot Ward,
Edward Klnjf,
BONDS OF SURETYSHIP
this Company at moderate charges.
The bonds of this flompany are accepted by fie
Porter,
Attorney and Counselor at L.aw,
H. Frothingham.
George A. Jarvls,
D. C. Hays.;
from
W.
1 Iiiladelplila, Pa.
TRUSTEES:
James H.
for Eamnrt Trnf'f.
Corporation, Transp^^rtation and Commercial Law.
Reperexces:—The Trust Companies, The National
Banks and Railroad Companies in Philadelphia, and
the Judges of any of theC'ouits.
_^
Accepts the transfer agency and
and acts as Trustee of mortg iges of corporations.
Allows interest on de4Kjsits, which may be made at
anytime, iind withdrawn on Ave days' notice, wllh
interest for the whole time they remain with the
company.
For the convenience of depositors this company
also opens current accounts subject, in accordance
with its rules, to check at»ight, and allows interest
up >n the resulting daily balances. Such checks pass
through the Clearing House.
Wood,
James N. Piatt,
8.
William
registry of stocks,
Whitewright.
Henry A. Kent,
R. T. Wilson,
rfr..
Attorney aud Coun§cnor at
No. 623 WALNUT STltEET,
Authorized to act as Wxecutor, Administrator,
Guardian, Receiver, or Trustee, and Is
Wm. F. Russell.
218
DriUg. Shr^etiytag,
$1,000,000
$2,000,000
C. D.
$200,000 depo.slted with the N. Y. Ian. Dep't, for
the protection of P(»Iicy-liolder.s.
Assets, January 1st, lo»5, $5ia,ua» II.
Officials of Banks, Haiiroada and Kzpress CompsDies, Managers.Secretaries, and Clerks of Public Companies, Institutions and CommerciHJ Hrma, can obtain
&0.
g^ttovucins.
FIDELITY & CASVAI..TY
4
AND SHEGTlNUSi,
PRINTS, DKNIMS, TICKS, DUCKS,
ToivelB, (InlUs, Wblte Goods & Hoalerj
.lame* M. McLean,
Ambrose C. Kingsland.
Nos. 214
BROWN & BLEACHK* SHIRTINO
Smith.
Wm.
Cash Capital, $850,000, Invested In U.
Co.,
New York, Boston, Philadelphia,
SELLING AGENTS FOR LEADING BRANDS
THORNKLL, Secretary.
HAMPTON. Assistant Secretary
Nbw York Dirbctors— Joseph W. Drexel, A. L.
Hopkins, H. Victor Newcomo, John Paton, Daniel
Torrance. Edw. F Winsiow Krastus Wlman.
CO.,
UW.
Colors, always In itoot
Fabyan &
Bliss,
L.
G.
Widths and
No. I09 Dnaiie Street.
.
A LEGAIi DEPOSITORY FOR MONEY
^'ffi
CashAssets
aapplT, all
TRUSTEES:
W. Phelps,
iJohn H.Rhoades,
Dan. H. Arnold.V. iW. iir;iii<.
T^nin Anson P. Stokes.
Willis James.
Robt.B.Minturn,
Charles E.Bill, Jo^nJ. Astor,
Wilson G. Hunt, John A. Stewart.'Geo. H. Warren,
S. M. Buck'gham Geo. Bliss.
Wm. H. Macy,
H. E. LHwrence. William Libby,
Clinton Gilbert.
Isaac N Phelps, John C. Hrown,
Daniel D. Lord,
Erastus Corning.'Edward Cooper,
Samuel Sloan,
S. B. Chittenden, iW.Bay'rdCutting
James Low,
Chas.
STATES BVNTINU
(JNIXEJD
«i full
D.
Slocomb. 'T\
Thomas-til
-
OF NORTH AMERICA.
BAGS, "AWNING STRIPES.
Also, Agenu
for
JOHN A. STEWART, President.
WILLIAM H. MACY, Vice-President.
JAMES S. CLARK, Second Vice-Pres't
HENRY
kinds of
CANVAS, FKLTINQ DUCK, CAB
COVKBING, BAGGING, RAVKNS DUCK, SAIL
TWINES, Ac, "ONTARIO" SEAMLESS
OOTTOM
and females unaccustomed to the transaction of business, as well as religious and benevolent institutions,
Bonds of Suretysliip.
Co.
And all
INTEREST ALLOWED ON DEPOSITS,
which may be made at any time, and withdrawn after
five days' notice, and will be entitled to interest for
the whole time they may remain with the company.
OF NSir ¥ORK.
The Guarantee
COTTON S AILDUCK
This company Is a legal depository for moneys paid
into court, and is authorized to act as guardian or
receiver of estates.
will find this
Co.,
Mannfaoturerfl and Dealers !&
$2,000,000
3,70i;436
Capital,
73 Broadway, cor. Rector St., N. Y.
BXrSINEaS.
Brinckerhoff, Turner
United States Trust Co.
Circulars on application.
NO OTHER
Cards.
ClPomm^rcial
'^itmucivd ^mnpvinUs.
JOHN
G.
;
W. Heily. Hatuiisbuho, Pa.; J. Simpson
Hitntinguox; lienry S. Eckert, Reajung;
Edmunds. Doty, Mifflintown; W. H. H. Davis,
Doylestown; R. B. Monaghaa, West Chesteu;
Africa,
Cooper.
Havre
to Paria.
have the same delivered at the Cctmpauy's dock In
New York, Pier 42 North Htver. foot oC Morton St..
two hours before the departure of a titeamer.
at least
I.OUIS
DE BBBIAN,
Agent,
No. H Bou'llnt; ««reen.
V.-Pres't
Secretary.
Dr. George
W.
fk*oin
READING,
STOKES, Treasurer A
PATTERSON,
Trust Officer.
DiHECTORS.—Jamei Long, Alfred S. Gillett. Joseph
Wright, Dr. Charles P. Turner, William S. Price.
John T. Monroe, W. J. Nead, Thomas R. Patton, John
G. Reading. Wm. H. Lucas, D. Hayes Agnew, M. D.,
Jos. I. Keefe, Robert Patterson, Theodor C. Engel,
Jacob Naylor. Thos. G. Hood, Edward L. Perkins,
Philadelphia; S«rauel Riddle, Glen Ru>i>le, Pa
Chas.
Special Train
Allkntowk.
FOR
SAL.K.
Chronicle Volumes
SINCE 18T0.
Any
these volumes since 1870 hss
convenient reference a complete and re-
OflBce possesslntt
hand
at
t>)r
liable tlnancial history of the period.
Parties havii g
the more recent volumes can obtain from the pub
Ushers most of the earlier volumes, or complete 86t.
can be furnished.
1>ANA ^ CO.^
WILLIAM SrUEKT. NEW VOR»f.
lA^ILl^lAin B.
Metr poUtan Trust Co.,
Nkw York
$1,000,000.
79
&
81
Mills Building. 35 Wall St..
PAID UP CAPlTAIi,
Designated as a legal Depository by order of Supreme Court. Receive deposits of money on interest,
act as llscul or transfer Hgent, or trustee for corporations, and accept and execute any legal trusts from
persons or corp' "rations on as favorable terms as
other similar companies.
THOMAS HILLHO USE, President.
FRBDBHrlC D. lAPPBiSr. Vice-President,
WALTBB J. BRITTW,6ecret8r7.
JOSEPH CI LLOTTS
STEEL PENS
ffouBr ALL DEAI£RSThrouohoutThe WORLD
OOLDMEOALPARIS EXPOSITlON-ia/B,
, ,
January
THE CHRONICLR
tO, 1886.]
lltxBuvattce.
a
Snsntrattce.
<1^0ttOtt.
THE
MUTUAL LIFE
NEW
OFFICE OF THE
INSURANCE
ATLANTIC
Mutual Insurance Co.,
The TmRt<>o». In conformity to the Charter of
the Conipaiiy, siibinit the following 8tat«men
lt« Htlaira on the 3l8t December, 1884:
I8SUSB ETERT DEBOKIPTION OF
LIFEdk ENDO WMENT POLICIES
Assets,
3Ut December, 1884
$3,988,039 44
PremUiins on Pollclea not marked
off iBt January, 1884
1,447,756 70
iBt January, 1884, to
Prenilnraii
marked
off
$5,405,796 14
from Ist
January. 1884, to Slat December,
1884
$4,066,271 04
Lossea paid during the
period
Betums
of
$2,109,919 20
Premiums and Ex-
Onlt«rt States
and State
of
120
York Stock. City, Bank and
other Stocks
$8,776,685 00
U>aiiH secured by Stocks and
otherwise
2,005,100 00
Beal Estate and Claims due the
Company, estimated at
440,000
Premlom Notes and
Bills
0«h In Bank
261,544 65
Amount
$12,938,289 38
BIX PER CENT INTEREST on the outstandIng certificates of profits wiUbe paid to the holders thereof, or their legal representatives, on
and after Tuesday, the Third of February next.
THE OUTSTANDING CERTIFICATES of
the Issue of 1880 will be redeemed and paid to
the holders thereof, or their legal representatives, OH and after Tuesday, the Third of February next, from whleh date all Interest thereon
will cease.
the time of
The certillcates to be produced at
payment and canceled.
DmOEND
OF FORTY PER CENT
Is
declared on the net earned premiums of
the
Company, for the year ending Slst December,
1884, for which certiflcatos will be issued on
Md after Tuesday, the Fifth
of
H.
Insurance Co.
THE CITY OF NEW YORK.
(ORGANIZED IN 1860.)
861, 262 & 263 Broadway, New Tork.
^ ™ !,„ '' H- BROSNAN. President.
FRALEIGB. 8ec'y. A. WHBKLWBIGHT, A»»t SSC.
AU Policies Issued by
ABLE after three years.
All
Death Claims
this
Company are ixmspt'T-
nrTHorr
iiaicl
CHAPMAN,
Secretary.
pany.
GOOD AGENTS, desiring to represent the Company, are Invited to address J. S. OAFKNKY, Superintendent of Agencies, at Home Office.
OOHPAKIHUM 0» BUHIKKSH.
1883.
Paym'ta to Policy-holders
for Death Claims, Endow.
ments, Annuities, Surrenders and Dividends
»478,923 98
,
,
Insamnoe
In force
.
be'r°Sl"884"NONE
$836,149 13
1**1 « 1S82. 1883
1884.
.15 864,211 oo |ii,lu,4«8 00
Deo. 31, '82. Dec. 31, '84.
$17,167, 105 00 $18,769.8^ 00
°°''*"' '"'
'"''"*'
A. A. Raven,
Wm.
Sturgis,
BetOamln H. Field.
Jodah O. Low,
Horace Gray,
WUllam E. Dodge.
William H. Maoy,
Edmund W.
Adolphe Lemoyne,
Robt. B. Mlntum,
Charles H. Marshall,
WUllam Bryce,
John Elliott,
James G. De Forest,
Charles D. Leverlch,
B. Coddlngton.
Horace K. Thurber,
Thomas
0. A. Hand,
John D. Hewlett,
William H. Webb,
(""Mies P. Burdett,
Isaac BeU.
JOHN D. .ONES, President,
CHARLES DENNIS, Vice-President
W. H. H. MOORE. 2d Vloo-Presldent.
A.
RAVEN, 3d
visions In
Deoem-
Company
Vioe-PrerideBt.
Its
AUOUSTA, OEOROIA.
for
DISCOUNT.
THE
1«EW YORK
Moist Letter Copying Book.
(Patented November 28th.
1878.)
CNlFORm COPIKS. SAVES TIME.
NO WATKR. NO BRU.SII.
ALWAYS READY.
FARGO,
Sole Manufacturer,
LIBERTY
ST.,
:
CIAL
& FiNANCiAi, CHBONtCLE, and
Other
&
Waldron
Price* Reduced.
New York
I'ainter,
COTTON niERCIIANTS,
PEAR I. STREET.
97
Geo. Copeland
&
Co.,
COTTON BROKERS,
134
PEARL STREET, NEXF YORK
James F. Wenman & Co.
COTTON BROKERS,
No. 113
PEAPIi STREET,
rin
Tontine Rnlldlna)
N. \.
1««0.
FELL0WE8, JOHNSON & TILESTON,
COTTON, STOCKS, BONDS, &e.,
86 WILLIAM 8TBBKT, NHW YORK.
Orders
tn
" Futnrww" wTwmitftd
at
N. Y. f^ott^n Wrah.
dc
CO.,
COTTON BUYERS,
nONTGOmERY, ALA.
PITBOHARE ONLT ON ORDERS FOR A OomnSSIOa
^iscgUaxtcoxis.
BAGGING.
WARREiy, JONES
ST.
A.
GRATZ
LOUIS, Mo.
Hannfaotarera' Agents for the sale of Jnte Bagglns
IMPORTERS OF
IRONf COTTOIW TIES.
ESTABLISHED
18SS.
Engrene R« Cole,
STATIONER AND PRINTER.
Supplies Banks. Bankers. Stock Brokers and Cc^-po
rations with complete outfits of Account Books and
Stationery.
New concerns organiilQK will bare their order
ZW
promptly executed.
No.
1
IVILLIAn STREET,
IHANOVBR SODARB.)
NEW YORK.
In the use of " This Book." the great annoyance
of
water, brushes, cloths. Ac, Is done away
with-the
t)oolt Is ready at all times to copy any
number of letiS7,
fiinS^fA^i
l"";' VH""' ""l"'® pronounce It the
"7"*.'.°*
"'*J'. "»'"'•• ""> copies are clear, distinct
ana uniiorm.
COTTON
SPINNERS and EXP0RTEB8.
CORBKSPONDENCB SOLICITED.
Befirencks.— National Bank of Augusta, Oa
Henry Henti i, Co.. Commission Merchants, New
York William B. Dana & Co.. Proprietors Comheb-
PROMPTLY AND WITHOUT
The Company Is strong, reliable and popular ; and
Issues a variety of policies suited to the
different
circumstances of Insurers.
106
&
Entire attention given to purchase of
TO OKDEK
1849.
The natne Nou-Forfeltare Law.
E. L.
York.
Cargill,
COTTON BROKERS,
Agents for circulars
explaining
PAID
Liverpool ; also for Grain and Pro
New
Alexander
UNION MUTUAL
LOSSES
NEW YORK.
JOHSr B. CLISBY
OBGANIZKD
Corlles,
WUllam Degroot
John L. Riker,
N. Denton Smith,
George Bliss,
Henry E. Hawley,
William D. Morgan,
«.
Assets,
ST.,
Orderei for future delivery of Cotton executed in
WstaMlshed
.
Write to the Company or
W. H. H. Moore
James Low,
Uavid Lane,
Bordon W. Bnmham,
mu
k
.
PEARL
123
New York and
PORTLAND, MAINE.
JOHN E. DE WITT, President.
TRDSTEBS:
D. Jones,
Charles Dennis,
soon
One month's grace allowed In the
of
Premiums on Tontine Policifs. and ten payment
davs' grace
on all others, the Insurance remaining In lull force
during the grace.
Absolute security, combined wlih the largest liberality, assures tho popularity and success
of this com-
Life Insurance
J.
i)i8cot:.\T as
as satisfattorj- proofs have been received.
This Ccimpany Issues all forras of Insurance. Ineluding Tontine and Limited (»\on Forfeiting) Ton-
M.
New ,Insurance „,.,.
Written.
No,
Hnn«ps.
All the profits boiling u> the Policy-holders exclu-
May next.
By order of the Board,
J.
States Life
tork.
Bloss,
COMMISSION MERCHANTS,
ISSUES
OKO. H. BCRFORl). Actuary.
1,454,959 73
nhw
Gwathmey &
1,
HVDISPUTABLE ASSDRAIWCES
AND MAKES
PROMPT PAYMENT OF CLAIMS.
IN
16 and 18 Rzcbamce Plaee,
Post Bpimtwo.
1885
$68,161,925
Surplus at 4 per cent
10,48,3,617
Income in 1884
15,003,480
Paid to Policyholders during
last 25 years
81,072,486
C. P.
Re-
oelvBDle
AXD
COMMISSION MERCHANTS,
BROADWAY, NEW YORK.
January
Aasets,
Gwynn,
OOTTON FACTORS
LIFE ASSVRASrCE SOCIETY,
The United
ylx.:
New
&
Fielding
'
EQUITABLE
York.
LlTerpool.
14, 1842.
$787,789 40
The Company has the following Assets,
New
BKLMA, ALA.; MONTaOMBRY, ALA,
Bayers of Cotton for a Commission
Orderi for Pntura Contract! ezecoted In New Tori
mo
$103,876,178 51
-
THE 80Ca;TY
same
peniies
A
-
Co.
Cotton Commlgfllon MercbantH,
No. 19 SOUTH WILLIAm tITRBKT
Rates Lower than other Companies.
Premiums »a Marine KUkg from
Premiums
YORK.
President.
ORGANIZED APRIL
NEW YORK, Jannary 24, 1885.
Total Marine
OP
CO.
MoCURDY,
R. A.
&
John C. Graham
Chronicle
Numbers
WANTED.
June, 1884,
067, 070, 981 and Jni
Send for Price Llal Ten Cents
Snpplement.
linpplenient.
for eaoh of the
alwTe paid at tbe Oa««
m
THE CHRONICLE.
&
Walter T. Hatch.
Nath'l W. T. Hatch.
Stillman,
W.
MERCHANTS,
Post Building, 16 & 1 8 Exchange Place
NKW YORK.
INM AN, S W ANN& Co
LOANS MABB ON AOCHPTABLB SBCUBITIES.
Oa$h Advance) Made <m Oontignmentt.
&
Sontb l«rilllam
St.,
*'••
BRANCH oiFioiis};;;^
iaOS ,9J!'""J'J5«'«'''
Chapel St., New ^:
Havei
New Tork.
Special attention paid to INVESTMENTS and
aoconnts of CODNTUV BANKERS.
Phenix Insurance Co.
OF BROWKLYIV,
Co.,
NEW YORK, NEW
attheNEWTORK, LIVERPOOL AND NEW ORLEANS COTTON EXCHANGES. Also orders for
at the
COFFEE
NEW YORK COFFEE BXCHANOE,
NEW YORK PRODUCE EXCHANGE
the
CHICAGO BOARD OF TRADB.
Correspondents
Messrs. Smith, Edwards
k
Stalemenl of
Co.,
ORLEANS,
Reserve for unearned premiums
Reserve for unpaid losses
Netsurplua
New
Lea McLean,
IiXBHAN, Stern
ft
New Orleans,
WM. CHARTERS,
FRANCIS
Cotton Brokers,
Lehman, Durr ft
Co.,
Co.,
Montgomery Aia.
LEHMAN BRO'S,
Cotton Factors
AND
G.
&
Schroeder
Co.,
WARE SCHROEDER.
COTTON COMMISSION MERCHANTS,
Successors to
ft
Cotton Exchange Building,
NEW^ YORK.
OOMiniSSION MERCHANTS,
John L. Bulla hd.
Henry H. Wheeler.
No. 40 EXCHANGE PLACE,
Bullard
Wheeler,
UKMBERS OF THE COTTON, COFFEE AND
PRODUCE EXCHANGES.
COTTON COMMISSION MERCHANTS
ISeiK
204
Church Strkut
NEW
York.
OF NEUr YORK.
OFFICE 119 BROADWAY.
CASH CAPITAL
tS.OOO.OOO
;
ft
Co.
Robert Tannahill
&
i
f
Future Contracts
New
Price,
Ootton Brokers
YorlE
and Liverpool.
Reid & Co.,
& Commission Merchants
&
Farrar
Jones,
PEARL STREET, NEW YORK.
Liberal advances made on Cotton oonslgnmenM.
Bpeolal attention given to orders for contracts
w=v«.i...
fcr
future delivery of Cotton.
KORE, FARRAR &
CO.,
NORFOLK, VA.
Henry M. Taber & Co.
141
PEARL
ST.,
1886
$7,260,058 88
J.
NEW YORK.
CONTRACTS OF COTTON.
Hanemann&
PEARL
New
ST., 186
GRAVIER ST.,
New
York.
Co.,
OnsTATUB
C.
WALTER &KROHN,
COTTON BROKERS,
t» BEAVER STREET. NEW YORK
F. Hoffmann,
NEW TOBK.
COTTON BROKER AND AGENT
8 RUB DB LA BOURSE, HAVRE.
BABCOCK&CO.
COMMISSION MERCHANTS,
LIVERPOOL,
Receive consignments of Cotton and other Produce,
and execute orders at the Exchanges in Liverpool.
Represented In New York at the otBoe of
& Wakefield,
COTTON
And General Commission Merchants,
Tuttle
Mercantile
LONDON AND EDINBURGH.
S. Branch Statement
Invested and Cash Fire Assets
New York.
Of<er» for Spot Cotton and Fatnres.prompUT
1,
1885.
13,301,747 81
$1,153,063 at
179,379 WT
44,748 4$
. .
1,924,333 ST
$3,301,747 61
Losses paid In U.
S. lo 18
years
.
.813,31 0,33'j 00
S. Branch Office, 54 William St., N. Y.
CHAS. £. WHITE, SAM. P. BLAODEN,
U.
Managers.
JA8. F.
DUDLEY,
Supt. of Agencies.
Commercial Union
Assurance
Co.,
limited,
of london.
OFFICE:
Co.,
COTTON BROKERS,
0Z00Ut>9Q
Jan.
LIABILITIES.:
Reserve for Unearned Premiums.
Reserve for Unpaid Losses
Other Liabilities
Net 8iirplus
New York.
&
Co.
Ins.
U.
Liberal advances made on cotton consignments
Special attention given to orders for contracts for
future delivery of cotton.
135 Pearl Street,
British
.
in
Liverpool.
Dennis Perkins
York.
OF
ORDERS POR Future Contracts Executed
Cotton Excbanice,
New
St.,
North
& Co., &
COMMISSION MERCHANTS,
COTTON EXCHANGE,
17 W^ater Street,
2,049,026 85
4,000,000 Oo
JAS. A. AI.EXANDER, Agent.
Hopkins. Lncnrs Hopklns Smith
Charles D. miller.
New York and
$9,013,517 40
«2,964,49oTi
No. 3 Cortlandt
futube contkact8.
COTTON
B. F.
OF HARTFORD.
Assets Jannary 1, 1885
LlabiUtles for unpaid losses
and re-lnsuranoe fund
Capital
NET 8URPLD8
Special Attentiom Givbh to the Exeotition
op ordebs fob
Insurance Company
Orleans, La.
SAM'L D. BABCOCK
82 Nassau Street, New York.
J^2"I"*'J.'"'* °? Consignments of Cotton. Con.
"^'"^ Delivery of Cotton bongk
.-»".- «"u
Md
.^S!^J2^
•old
on oommission.
,
^ETNA
(HOH BALING COTTON).
Hopkins, Dwight
NORFOLK, TA.
Liberal advances made on Cotton consignmenu.
Special attention given to the sale of cotton to
aTive or In transit for both foreign and domestlo
mar&t.ts.
Correspondence solicited.
ISS
J.
1,
MARTIN, President.
H. WASHBITRN, Secretary.
CHA8.
VORK.
Advances made on Cotton Consignments and Special
Attention given to purchase and sale of FUTUKK
123
New York
Special attention given to the purchase and sale
In
Cash Assets, July
BAGGING AND IRON TIES,
Co., Mohr,
Cotton Commisslou Merchants,
Cotton Excbange BntldlnK,
00
Reserve for Unearned Premiums
2,839.742 00
Reserve for Unpaid Losses and Claims.
Sh9,513 48
Net Surplus
1,030.802 »4
ALSO,
Orders eTecuted at the Cotton Exchanges In New
7ork and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our correspondents in Liverpool
Messrs. L. Rosenheim ft
Bens and A Stern ft Co.; in London, Messrs. B. Newgaes
Assistant Secretarr.
Seo'y Local Dep't.
BURKE.
Insurance Company
&
Dp-town orriCE, No.
P.
HOME
Paid-Up Capital, B. M. 6,000,000.
;
Orleans.
La.
94 342 430 86
GROW^EI.L, President.
WM. R. CROWELL, Vice-President.
PHILANDER SHAW. Secretary.
Aatborized Capital, B. H. 20,000,000.
and
tf7
287827 M7
640.991 18
STEPHEN
Ijlverpool.
Jas.
2,390 986
AGENT FOR
COTTON COMPANY OF STUTTGART.
and
GRAIN AND PROVISIONS
at the
195 Broadway, New York City.
Company lg( Day of Jan., ^88.^.
CASH CAPITAL
»1,000,000 00
Office,
G. E. Staenglen,
Nenr York,
T ON
C O T
Sons,
BANKERS,
14 NASSAU STREET, NEW YORK.
—with Interest upon balances.
COMMISSION MERCHANTS,
XBCUTB ORDERS FOR FUTURE DBLIVEKY
&
T. Hatch
Personal attention ulven at the BXCHANGK8 to
the pnrohase and sale of 8TO0K8 and BONDS tot
cash or on marKln.
DBP08IT8 KKCEIVBD-snbJeot to Check at light
JOB FDTUBK DSLIVKRT OF COTTON.
COTTON, AU. GRADES, SUITABLE TO WANTS
OF SPINNERS,
OrrsRKD ON Tkrhs TO Suit.
Henry Hentz
Henry P. Hatch
Arthur M. Hatek
COTTON MERCHANTS,
PXOIAIi ATTXNTIOIf TO ORDERS rOR CONTRACTS
8
16, 1886.
Cotton,
®0tt0tt.
Woodward
[January
Cor.
Pine
& IVi/liam Sts
New
York.
@FedFRASER