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HUNT'S MEIICII ANTS' MAGAZINE,
AND
REPRESENTlNl} TFIE INDUSTRIAL
Ent«'red aooorclins to net or Coniires'. In
;
VOL.
tlio
YORK, JANUARY
^ttiaucial.
BONDS, POSTAGE &. REVENUE STAMPS,
LEGAL TENDER AND NATIONAL BANK
MOTES, of the UNITED STATES; and for
^tnattjcial.
BANKERS
DIAMONDS.
BROADWAT, PfEW TORK.
Alfred H. Smith
the
In
&
Co.,
mUi
and most artistic style
FROM STKEI- PLATES,
nuuficturoi cxcluslToly
for
SAFETY PAPERS.
SAFETY COLORS.
Kxe<;ut<'<l
in Fireproof Bnildlng:s.
UTHaCRAPMIC ANO TYPE PBINTINE.
Show CardM, LAbols, Calendars.
BLAirS BOOKS OP EVEET DESCBIPnON'.
ALBERT G. GOODAU, President.
VICK-PKKSIDKNTS
MACDONOUGH,
A. D. SHEPARD,
J.
TOURO ROBERTSON.
W. M. SMILUE,
J. H. STAYHER Treas.
:
TUEO. H. FREELAND, Seoty.
J.
W. WOKK, Cuhler.
Maverick National Bank,
BOSTON.
CAPITAL,
SURPLUS,-
-
-
.
-
Co.,
S* VP*
and Clieiitnnt
PHIIiADfiliPHIA.
€or. Tbird
Stii.,
Deposits received subject to check at slfitat, and
Interest allowed on daUr balances.
Stocks. Bonds. Ac, boufcht and sold on commission In
Philadelphia and other cities
Private wire to
Investment Securities.
New York. Baltimore and other places
&
C. Walcott
J.
-
.
$400,000
400,000
Co.,
stocks and Bonds bought and sold on Commission.
Orders received in Mining Stocks, and In Unlistei?
Securities. Collections made and J..oanB Negotiated
Dividends and Interest Collected.
Deposits received subject to Draft.
Interest Allowed. Investment Secaritles a Specialty
We issue a Financial Report Weekly.
OflQcc, 320 Broadw^ay.
Connected by I*rivate Wire.
Jos. C.
Walcott,
i
Members
Member N.
of the N. Y, Stock
AVASHBURN A
CAJLDWEL.L,
b. D. Vtse,
Y. Stock Excbange.
No.
BANKERS AND BROKERS,
A7
Exclianjte Court, N. Y.
irancb ufflce at tbe Everett Uoase, Union Sqaare
and
17tta Street.
No. 25
NASSAU
tl
BANKERS AND BROKERS,
Interestpald on BalaDce!«.
larfrtn.
STREKT.
\rALI^
8
Transact a general Banking Biulness, Inclndtnji tha
Purchase and Sale of
New York
Seourltlee dealt In at th«
all
Stock Exchange.
()ther
on
Investment
ecurltles bought and sold on comralsson.
ttentton to orders by mall or telCKraph.
AND BBOKER8,
&
Huestis
PINE
c.
TnmR. Member
(tUfsaiLAHR
Wimnif
N. T. Btook Bzob.
No. 2 \YAIiIi
Buy and
&,
John H. Davis
KAILROAU
<1
t'lUST
listed at
tbe Nev
MOBTaAOI BONDf
H- HOBBTIS. L. M.
&
8WA^
Co.,
BROAD
York.
B.A8IK>
HOY OFFICE REMOV-ED TO
No. 17 FIRST STREET.
AND BROKERS.
BANKERSnXCUANQB
PLACB.
Ij.B.
FRANKE^rB>Il(B, H. 8n.IOMAH,
Members N. T. Stock Ezcbanse.
Asiel
No. Bl
&
.,
PliITAT£
WIRES TO :
WALSTON H. Brown.
HKKBKHT
H
Frsd. a. Bbowh.
P.
BBOWN.
.
NASSAV STREET,
NEW YORK
.
BANKERS AND BROKERS,
STREET,
No. 34
New
& C
PHILADELPHIA, BALTIMORE,
YORK, PA., CHICAGO.
NO. 20
DAVIS.
Bxeonte orders In all securities
York Stock Bichaniie. Kor Sale,
QRORQE C. WOOD.
STREET, NETT TORK.
Commission. City, County, State,
Railroad and District of Columbia Bonds.
Correspondence Solicited.
Sell 'on
atrccKSHOES to
WOOD
Co.,
UNITED BANK BUILDING,
BANKERS AND BROKERS,
riHaT-OliABS
&
H. Latham
J.
Brown & Bros
Walston
BANKERS,
Co.,
STOCK BROKER.
Lansdale Boardman,
EW YORK, SO BROADWAY 5 NEW ST.
<fe
1.422.
Government, State, County. City and Railroad
bonds constantly on band for sale or exchange, and
NEW YORK,
8T.,
EXCHANGE COURT, Howard Lapsley
New Tork.
o. 2
nnror
Wood,
eipeclal
TINKER A WESTON,
BANKERfl
YORK.
ST., NE\ir
BOX
Receive deposits subject to cheque at slgrhtand
allow interest on dally balances.
LANSmO C. WABHBtTBN.
C. B. CALDWELL.
Chab. J. TOWNHKND. Member N. Y. Stock Exchange
31
Becnrttles oanied
Govemraent Bonds and
Co.,
Transact a general banking business. Including the
purchase and sale of securities listed at the New
York Stock Exchanjre, or in the open market.
Interest allowed on deposits subject to sight draft
Gilder & Farr,
& 33 BROAD ST., NEYT YORK.
&
Ives
8.
BANKERS AND BROKERS,
No. 17 WALL ST., NEW YORK.
BANKERS AND BROKERS.
W.
Vyse & Son,
56 Broadway
Henry
and Mining Exchanges.
J
Goremment Bonds bomiht and sold.
raoHAS A. Vtbk.
telegraphic transfers of monkt
ON MEXICO, CCBA, &c., &c
BANKERS AND BROKERS,
particularattentlon given to the subject of investments for institutions and trust funds.
No. 24 Pine Street, New York.
Transact a General Banking Business John howakd Latham. Frederick W. Pbrby.
Frank F. Dickinson,
voeonnts of Banks and Bankers soUolted.
CoUeotlons made upon favorable terms.
Yoek.
bills of bxchan(ie, lktteks of cbbdit,
P. O.
Brancli
.
24 Excbange Place,
BANKERS,
Particular attention fflren to Information reffHi*dlng
HAIl.WAY TIOKKTS OF IMPROVEI> BTTLES.
P. POTTKR, Prest.
&
H. Taylor
use of tha
y0&p2B7-
Work
Members N. T. and Philadelphia Stock Bzcbanges
L.
&
BANKERS.
specUl safcgnudg to prevent COUKT£S?EITIlTa.
iftiiiX pipora
22
New
Broadway, Cor. John Street.
liiie^t
Co.,
AND
Porelgn Governments.
ENGUAVING AND PRINTING,
BAXK NOTKS, SHAUK CKKTIFICATES,
BONDS FOR GOVKBNMKNTS AND
COKI'ORATIONS, DRAFTS, CHECKS,
BILLS OF EXCHANOK, STAMPS, &c..
&
COMMISSION MERCHANTS,
IMPORTERS,
.182
C
1,02.1
Maitland, Phelps
Bank Note Company,
ItnMaoHt Founded 1794>.
laoononted under L^vi of BMto of ITev Totk, 1858.
Rt'orsanlird 18;».
KN<;RAVFns AN!> riUNTKn!* OF
Washington, D.
NO.
17, 1885.
financial.
AMERICAN
142
THE UNITED STATES.
& Co.. In tbe oflleo of the Librarian of Congress,
,
NEW
40.
Co.MMPiRCLVL INTERESTS OF
year 18SS by Wm. n. D.vw
Co.,
J.
A. Kohn
&
Co.,
BANKERS AND BROKERS,
19 Broad St., N. Y., mil. Bnlldlnc,
Transact a General Banking Basiness.
Foreign Exchange, Bonds, Stocks and Miscellaneous Securities bought and sold on commission.
JDLitis A. Kohn. David ochs. Mohitz Ochj,
Memb. N.Y.StockKx.
Momb. N.Y. Stock Kxch.
& Co.,
WALL STREET, NEW YORK.
Simon Borg
No. 8
DKALK{tS IN ALL KINB8 OF
Railroad and Investment Secnritiei.
aoCTBERN
8BOIIKITIB8 A BPBOIALrr.
;
!
,
:
tHE CHRONICLE.
'govtign ^xcftatige.
Morgan
Drexel,
&
RoMBcnit)! Third
PARIS.
PHtlLADELPHIA
BAKKERS.
FOREIQN
AND
BOMESTIO
8ecnrltle»
DaiKMtta recelred sobieet to Draft.
koasnt ud »old on oommlMlon. Interest ullowea on
Dmoelts. Foreign Kcbange. Commercial Credits.
Circular Letter* tor TraTelera.
Tranifera.
tTalUble In all parta of the world.
oSle
Nos. 19
available In all
parts of the World, through
LiOnilon.
<&
Sons,
Rotlischild
>I,
N.
Mesurs.
de Kollisclilirt Bros., Paris.
Sons, Frankfort o\m
M. A. «lf RothHchild
S. M. de Kothschiid, Esq., Vienna.
COHKESrOXDEXTS.
THEIR
ASn
Draw Bills of Exchantre on. and malie Cable Transfers to, England, trance and Germany.
&
jT&WTSeligman & Co.
BANKERS,
Brown
N*. S»
&
Brothers
WALL STREET,
BUY AND
Co.,
N. T.,
IRKLANU,
ON GREAT BKITAIN AND
SJtRMANT, BKI.OIUM, SWITZKHLANU. NORWAY. DENMAKK, SWkUBN AND HOLLAND.
Issue Commercial & Trarelers' Credits
AL8BKUG GOLDUKKG, Amsterdam,
ALTMAN JiSTETTHKIMKR,
And
IN
John Paton & Co.,
SUCCESSORS TO
JESUP, PATON & CO.,
ANY PART OF THB WORLD.
tn Francs, In
Martlnlgne and Gnadalonpe.
AKETELEGKAPHIO TRANSFERS
UF niONEV
OF DRAFTS drawn
HAKE COLLKtTIONS
United States and
points tu
on
J
&
&
Stuart
Co.,
J.
33 NASSAU STREET.
BILLS OF EXCHAJfGK ON
LONDON;
BA.NKKK.S.
COl/NTV BANK,
A:
"LIMlTBDi"
MANCnSSTBB, PAYABLE IN LONDON
SCOTLAND.
AUSXANDSR BABtNO,
Member N. Y. Stock Bxoh.
H. O. NOBTHCOTS,
KKNKIDT
J.
aOlNBUROO, AND BRANCHES
ALSO,
Act as Agents
William Heath & C .,
BAWKERS AKD BROKERS,
No. 80 Broadwrar, Nenr Tork.
Members of New York Stock Kxchanse.
rORKION EXCUANGE. CABLE TRANSFERS.
Companies.
Issue commercial
Co.,
Bnanclal
KxcbanKe and trannact a general
commiuloD buatnesft.
i'ttrtioular
attention
(tT«n lo American becurlties.
Roe
Offdera •elicited for
&
Co.,
erican, Canadian, British and Dutch markets on commission. Collect dividends, coupons and foreign and
Inland Drafts.
Sell Bills
London and American
for lovMtment or on nmrKln.
Citr Loana neitoUated.
zoarketii
Railway, State and
&
&
Co.,
No. 32 Naaaan Street, New York,
No. 4 Post OflScp Square, Booton,
TllA>i3FEIin
CO.,
«c
ON
PARIS
STKRLINU CUBQUES AND BILLS AT SIXTY
DAVSSIUUTUN
ALEXANDERS
HOTTINGUEII
Cor.
FOREIGN BANKERS,
Schulz
akd
CO.,
LONDON.
Ooiiurtg ran Tbatclkiis.
&
Ruckgaber,
B AN K K US,
29 WILLIAn STKEET, NEW YORK.
roKKE«PONIiKNTH OF THK
iDtemalloiial
Bank or London
(L.liiiiiod)
London.
neiMr*. J on II Kprriihrrs,«ouIer &Co.
IlMiubiirji.
neaara.inarcnard, Kranna/fc Co., Paris.
Commercial and Trarelers' Credits.
Kxchauis.
Ckbla Transfers.
Bills of
G. D.
Geo. K.
BARING BROTHERS Sc CO., London
PERIER FRERES dc CO., Paris.
CO., Berlin.
Buy and Sell on Commission, for
gin, all securities dealt in at the
120 Broadway, Equitable Building, New York.
LETTERS OF CREDIT AND
CIRCULAR NOTES
iBsned
for the use of travelers In all parts of the
world. Hiiis drawn on the Union Bank of London.
Telegraphic transfers made to London and to various
Rlaoej in the United SUtes. DeposlU received subject to check at sight, and Interest allowed on balr
•aosSv Government and other bonds and Investment
securiti es bonght an d sold on commission.
WALKEE,
Fred. H. Smith,
BROAD ST., NEW^ YORK.
STOCKS, BONDS AND PETROLEUM
No. 20
Bought. Sold, and Carried on Margins.
intimate knowledge of
all railroads for past twenty
Parties desiring to buy or sell unquoted securities will do well to communicate.
F. H. SMITH, ( Members N. Y. Mining, Stock A Na.
years.
8.
W. Smith,
tlona(
)
Petroleum Exchange.
n. CHUGEK OAKLKT,
MAYfARi) C. bykb,
H. Dodge, Washington, D. C.
JAMES WHITELT,
Haket C. Logan,
H«NRT
Wm. E. Tkateks, Special
&
Prince
Partner.
Whitely,
NEW
No. 64 BROAOWAY)
YORK.
180 Fifth Ave., New York,
BRAXCH Offices 539
15th St., WaBhiriRtOD, D. r.
J
J
But and
on commtsslon all classes of Railroad
Securities; also Grain and Provisions.
Private Teie^ruph wires to Philadelphia, Wilmington, Baltimore, Wjishington, Bridgeport, New Haven,
Boston and Pittsburg.
sell
Co.,
BANKER8 AMD COMMISSION MERCHANTS
Xork.
^t
Chas. Unger & Co.,
BANKERS ANB BROKERS^
*
Members of the New York 8tock Exchange,
DBALSRS in FoitEIGN ElCHANOE, GOV^RXMBNT
AND OTREU INVKSTMENT BONDS.
,
STERLING 1.0AN3 A HPEClAhTY.
54 Wall St. and 62 lireene St., N. X.
Buy and sell on commission, for Investment or on
margin,
all securities
dealt In at the
New York
t
Stock
Exchange.
R.
&
Kitnball
Co.,
J.
BANKERS AND BROKERS,
New
.No. 18 W^aU Street,
York.
New York
Seventeen Years' Membership In the
Stock Exchange.
ROBERT J. KlMBAUi.
ALFRED
B.
LOtmSBEST.
&
Mahoney
F.
,
Co.,
W^ALL STREET,
DEALERS IN
evyestihent securities.
All classes of
bought and
City,
Town and Railway BosdS.j
sold.
Simons
&
Chew,
STOCK BROKERS,
%
Excbange Court &: 52 Broadwar,N.Y
Stocks. Bonds and TJ. 8. Government Seonrltlei
Bought and Sold on Commission.
Jas. D. Simons,
BxTsaLT CHJEW.
Member N. Y. Stock Exchange.
Member N. Y. Produce Exchange.
B. C. Htmbbrt,
Member N. Y. Stock Bzcb.
E. C.
John J. C. Hustbbbt
Humbert
&
Son,
BANKERS AND BROKERS,
No. 29 W^ALL STREET,
DBEXEL BCtLDINO. NEW YORK
BUY AND SELL STERLING EXCHANGE, CABLE
TRANSKKK8, ETC.
ISSUE COMMERCIAL CREDITS, A VAILABLE
IN ALL HARTS OF THK WORLD.
New
cash or on marStock
New York
Interest allowed on dally balances.
All deposits subject to check at sight.
Particular attention to orders by mall or telegrapb.
Canadian Bank of Commerce,
16 EXCHANGE PLACE.
» Bzetaans* Oonrt,
New
Exchange.
BANKERS,
&
ofilce.
first-class investments.
KOUNTZE BROTHERS,
R. T. Wilson
Sons,
Sistare's
DEALERS IN
COMKEBCIAI, AKD TkAVELBKS' CREDITS.
B. E.
JOINT AGENTS
and
GEO. H. HOLT.
L'HUILIBB.
onnected by private wire with main
York.
No. 15
GOADBT &
business.
allowed on
16 & 18 Broad Street, New^ York.
121 South Third Street, Phlladclplila.
CABLE TRANSFERS, BILLS OF EXCHANGE J.
,
dc
TAINTOR
G. B.
Co.,
BOSTON, IHASS.
Wall and Nassau Sts., New York.
&.
INTEREST
Private telegraph wires to Providence and Boston.
PARIS.
&
received and
Buy and sell GOVERNMENT, MUNICIPAL
RAILROAD Bonds.
AMSTERDAM.
Jt CO.,
Kidder, Peabody
J. H.
Cnu:tn,*R, Notes
)
SON,
C. J. IIAillBUO
H. OYENS A: .SON,
inENDEL»>SOHN
John Munroe
mCNROE
Exchange on
dc CO.,'LONDON.
t nvnoM
of
CORRESPOXDElfTS:
Scribe, Paiis«
CHEQCRS AND TABLE
and domestic
pounds sterling A dollars.
credits, also foreign
MELVILLE, EVANS
NEW YORK.
GENERAL BANKING
balances.
AND
William Heath
No. 19
and Railroad
Ofier luTestDieut Securities.
But and sell bonds, stocks and securities in all Am-
to Throffmorton Are., liOndon, Knff.
Bllla of
for Banks, Bankers
a
i
Co.,
BANKERS.
travelers' letters of credit In
OABLB TRANSFERS AND LBTTBB8 OF CREDIT
LONDON:
PARIS
NEW YORK
&
WILLIAM STREET,
No. 63
NATIONAL BANK OP SCOTLAND,
Draw
TOD.
Kennedy Tod
BELFAST, IRELAND:
AND OX THK
&
DEPOSITS
THK 0NION BANK OF LONDON:
BRITISH LINEN CO. BANK, LONDON AND
J.
W^ALL STREET,
TRANSACT
York.
Accounts and Agency of Banks, Corporations,
firms and Individuals received upon favorable terms.
Dividends and interest collected and remitted.
Act as agents for corporations in payln,; coupons
and dividends; also as transfer agents.
Bonds, stocks and securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought
and sold.
;
ULSTER BANKING COnPANV,
William Heath
No. 10
DRAW ON
SniTH, PAYNE & SMITH'S,
nANCHE»iTER
New
£3 W^IIUam Street,
BBTWSEJX THIS ASD UTUEB COVNTBIES.
ttat]
all
abroad
Canada, and of Xirafts drawn In the
Unlt«d States on Forelon Coonuies.
Berlin.
Parable In any part of Europe, Asia, Africa, Anstnula and America.
Draw Bills of Ezchanjze and make Telegraphic
Trwisfers of Money on Bnrope and California,
IS aTBBhlNO.
ATAILABLB
York.
!Newr
Issue Letters of Credit for Trarelers,
On 8ELI0MAN BROTHERS, London,
8EL1GMAN KRBKE8 i CIB.. Paris,
SELIGMAN & STETTHEIMEK, Frankfort,
8KI.I.
BILLS OF EXCHANGE
FKANCK
BROAD STREET,
No. 33
Holt,
BAIiTKEBS,
21 Nassau Street.
^k
&
Taintor
Co.,
ISSUE TRAVELERS' CH EDITS,
OLD BROAD STREET, LONDON.
22
gawlijers atua ^va^ievs.
BANKERS,
ATTORNTTS Alfl) AOKNTS 01
nesiira. J. S. OTOKGAN ^k CO.,
Ho.
&
Co., August Belmont
BonleTard Haassmanii,
8tr«et, 31
%xclmnQ6.
|^0t;jeifiti
WALL 8TRKKT,
CORNER OF BKOAD, NEW TORK.
Drexel,Harje8&Co
Drexel £ Co.,
pToL. XL.
Oilman, Son
&
Co.,
BANKERS,
No. 63
CEDAR STREET.
In addition to a General Banking Business, buy
and
Sell
Government Bonds and Investment
Seonrt*
i
:
.
January
17,
THE CHRONICLE.
isavj
^VLhiexs
Sftttliers tmiEL ^xc^htxs,
&
R. A. Lancaster
IiANK£KS
:
Co.,
THE
SpMlal.
&
C. J. Turner
VMITKD BANK BVILDINa,
^0icjet0n Sattl^jers.
atifl ftvoluevB.
OOLL J. TURWIB, Jan.
Mmnb. N.T. Stock Kxoh.
AND BROKERB,
fli
Co.,
Railway Share Trust Co.
BANKHKB AND BROKEHB,
BKOAUWAY ANU WALL 8TKUKT, NUW YORK
16
New York.
18 Broad Street,
Jc
(LIMITHD),
IIXALIIU IN
Railroad
& Miscellanaons
STOCKS, BONOS. aUAIN AND PROVISIONS
bawbtuid aolil in New rarkanil rblown markittb
Secaritles.
Southern Securities a Specialty.
W. M.
MEMBER NEW
Stewart Brown's Sons,
STO€K BROKERS,
YOliK STOCK EXCHANGE,
Hamilton
New
&
Bishop,
NEW YORK.
(Memberi) New York stock ExchHiiKe.)
A
strictly
(^ommlssloB
'
-clal
STOCK BROKERS
AND COMMISSION MERCHANTS,
iiroad St. and 57 Kxchanse Place
-.
BONDS, URAIN and PROVISION*
sold in New York and Chicajtt).
._
'orreapondents, WM. T. BAKUR A CO.
•2:1
&
Hatch
attention Riven to Securities for Investment
ameson,Smith&Cotting
MAUMIM
Bass,
We make U.S. Bonds and
P., Ctaalmuui.
a a.
I.
A. Laino. Erq.
8tB Henry
DHtmHONU Wour.
G. C. M. G., K. C. B.. M.
Sib GHAsuts
Foote,
P
La wrencb ToimG, Bart.
FRANCIS PA VT,
Investment Securities a
and B<JNI)8
Esq.,
Manaxlag Director.
Thli Company undertakes the bttsloess of Tnutee
We transact
ageneral BANKLNG business and ALLOW INTKR.
EST on DKPOSITS. Btanoh Offices, connected bj
private wire. Norwich, (^onn., and Boston, Mass
W. H. Goadby &
'
M.
No. 12 Wall Street, N. \.
apeoialtr. execute orders In STOCKS
for cash or carry the same on maridn.
1
Kaq.,
John HoaATio Llutd, Esq.
John Pcndik, Esq., M. P.
BROAD STREET, NEW KOKK.
30
BANKERS,
J
&
LAINO.
Oenxbal Hxvht HOPKiHgoir,
Stocks, Bonds and MisoeUaneoiu Seoorltlea.
Correapondence Solicited.
OuotatiniM ebeerfnllr fnmlshwf
'•
>
DiriBOTona:
B.
BANKERS,
Aooounta of Banks, Bankers and others received.
Interest allowed un Balances.
Baslneu in tbe purobii»e and sale of stocks and bonds.
Private Teleitraph Wire to Albany, Troy, Syracuse,
Itochester, Utica, BoSttlo, Cleveland and Chica«o
T-aw on Cltv Bank n* London In amounts to suit.
York.
Rolston
BANKKKS AND BKOKKB8,
PINK «ITHEET,
No. 35
Capital Paid Vp, je9Tl,a«0 StarUoc.
DREXKIi BULLDLNO,
09
STOCKS AND BONDS BODOIIT AND SOLD
STRICTLY ON COMMISSION.
Mambers New York and rhicaao Slock Kxcbaiwe
leo New York MIninK Stock BxohanKe.
PINE STREET, tiKW TOBK.
38
TO
BCtllilDINOa,
LONDON, ENGLAND.
Earl,
BANKEH AND BKOKER,
6S
BANK
No. 4
Co.,
to
Loans of approved Railways, negotiates and
Issues
Loans on tbe London Market, acta as Agent for
Railways and other Corporations, either In the mat-
i
and exclusive private wire.
ii-m;t
IIOLMNB.
l!
No.
&
H.
B. Hollins
Co.,
BANKBRS AND BROKERS,
74 BROADVrAY.
"lewr
for
on commission
all
classes of Stock
cash or on marKin.
Bunks, Bunkers and Railroad
Ukv ISO. CLjiKK Dewing,
(Member of New York Stock
.\M
mav
4
M *
w A BjmvoTov.
f •(->.
39
r>
r
HEARD,
NASSAU STKEET.
Loans on Railway and other negotiable secnrltles.
Purchase and sale of sjinio. Loans on Bond and
Mortgage
Railway Debenture Trust
CCOinPANY
___
No. 4
(ieneral flnanciul business.
(ZIMITSD,)
Same
Company
CAPITAL PAID
S
.V
Reserve Fund, £300,000.
OFFICE, THREADNEEDLE ST.
HEAD
Bond
,
Nev? York,
Transact a General Banking Bnslness, Inoladin*
purchase and sale of STOCKS and ioNDS
f?J
ish or on margin.
and
Investment Seenrltlea.
P. O. BOX S,647.
WATLAND TRA8K. H. J. MoB8«.
Sell
KlEDm.
W. C. HILIm
Soodtf^
RA N
p. O.
Paddlngton,
AldgHte,
Old Street,
IIlll,
Knightsbrldge,
London.
KENNEDY. Manager.
THE
Anglo-Californian Bank
(LIMITED).
^
KEKH
NEIY
Co*
Box
447.
W- MCLELLAN, Jb.
«,^ LBLAJJD.
RlUBKN
. ^-
%ntbortzed Capital,
Paid-up Capital,
Ueaerve Fund, - -
.
.... 96,000,000
1,500,000
-
-
.
-
.
400,000
Transact a general banking biulnefls. Issue Commercial credits and Bilisof Exchange, available in all
gsrta of the world, t'ollect ions and orders for Bondr*
tooks, etc., executed upon ttie most favorable
terms'
"""="""•
P.N.
FRRD'lf K. r.OW,
)„
lONATZ STElNHABT.j"""***""
LILIBNTHAL. r.a.hl»r
Narr
&
MTED BANK
Wall
BUILDINCi,
Street, Corner Broadway.
'KS. BO.VDS ^ OOitilHROUL PAPER.
"" "ommlsston
•»Y?rk"CSSH?i';?J?'''°''
.K^change. *?]?
Advances made
oo
"-. uu
ZJ^^..
'Xother
8M paper and
securities.
i
Ac
on the Stock Sxchange.
the world.
De Twentsche
Bankvereeniging,
STUTTGART. GEKMANT.
P.
A. CO.
TURNER
80
THREADNHKIPI.IS STREET,
L,OI\IM)X.
una
"""*
J
(
New York
B.
stork Exchange.
Phlladalptala stock Exchange,
W. BLIJDENSTEIN k
AnSTKRDAM,
....
BsTABLisaan
CO.,
IIOI.I.ANB.
1061.
— GuUden ($3,900,000.—)
7.871.100 —
((3,148,440.—)
Subscribed Capital, 8.000,000
Pald-Up Capital.
Reserve Fund.
Head
••
849.86387
"
(tSS9.iM5je)
OfUce, AniKterdaiii.
BRANCHES
:
iiendon- KXCHANOB & INVESTMENT BANK.
Co.,
AMERICAIV BANKERS,
BANKERS,
Co.,
Nnsotlate Railway, State and Ctty Loans and
laane CommercUl Credits available in all parts of
YORK AKent«,.r. A W. Sellpman & Co.
BOSTON Correspond'ts, Massachusetts N. Bk
&
and agencies of Banks, Rallwan.
Corporations, firms and Individuals, npon faTor
able terms; also orders for tbe pnrotaaae and
sate of Bonds, Shares,
&<u, on ConuolsilOD
The Bank^while conducting the general business
London Bankers, gives special attention to the
A. H.
Brothers
**ollelt acconnta
of
Agency of Foreign and Colonial Banks.
with Snrpln
i;P,
L.OKBON, EXGL.A]VD,
LONDON, Head Office. 8 AnRel Court.
SAN FRANCISCO Office, 422 California St.
rnuilwny, cor. KxrhnnKe Place, N.
Y.
urli OfliM-, IJf* L„ Salle St.,
Chicano,
JSACT A OE.NKUAI, BA.VKING BI'SINKSS
[UDI.NIi TIIK I'UltClIASK ANI) SAI*-.il.''
^°"'-
Tottenham Court Boad
Street,
Ludgate
II ol born,
le
»uy
Blake
BRANeBES
STREET,
WAI.I.
(Limiled),
£1,956,410 SterUng.
..... ^£4,000,000
......
4,U00,000
......
1,000,000
18
'
Direetort as the Saihtay Share True'
Authorized Capital,
Sllbacribpd Capital,
Pald-Up Capital,
No.
"-"""
BANK BnitDINOS,
The City Bank,
LOIVDON, ENGL,AIVD.
c?G Co.
B A KE R
(LIMITED),
LONDON, ENGLAND
^oreigti gawtijers.
ho r.hpcked for at sight.
per cent Debentures
'n Si Trust, Co. U
gt mid sold.
~^^—
w
THE
and Foreign Exchanicr
AVGIJSTIIVE
f. t. BuNncocr.
Exctaanxe.)
-.I
ch
^
« A THM
—
•
YORK.
Private Wire to Washington.
Bonds Bought and Sold on Commission
- received
and Interest allowed on bat-
1.
NEW
STREET,
stocks. Cotton
Cable Address— PA vr, Londoh.
Douglass Okriin.
MembJJ.Y. Cotton Bich
New York.
No. 18 Wall street.
-!
WALL
35
Com-
H. Dewing & Son,
K.wKERs a:vd brokers.
York.
OREEiy & BATEMAH?,
SECURITIES
payments of Interest on Loans. Dividends on
or Registration of. Stocks in London, or otherwise.
w. Dudley.
\V.
Members N.Y. Stock Kxchange.
KIRST-CLASS INVESTMENT
\tiiii.
WALL STREET,
8
A. B. Batkman,
Memb.N.Y. Stock Kxch.
ALERS IN
i!i:\ MMti sell
mill Ki.imN, for
ter of
BANKERS AND BROKERS,
J'RASK CHOLLINS
»'.A.VZNAaA.
B.
Nob. SS
W. BLIJDKKBTEtN &
&
M
CO.
Threadneedle Street. ILC.
aoiterdam-DBVYISSEL-en HFFBCTKNBANK.
Gniwhede— B. W. BLIJDENSTEIN, Jb.
Almelao-LBDEBOBR A CO.
Tmnsact a general Banking and Commission Biul'lesa
In Bills. Stocks. Shares, Coupons, Ae.
Niw York
CoBKESPoNUE.Tr8
HeggmKNACTU.NACHOD * KUHNB
THE CHRONICLE.
I
©auajdiaw gawfe-ers.
l^axtiQU Mnnhexs,
gaXtimore
Vol. XL.
gaufeetJa.
Hong Kong &
Shanghai Imperial Bank of Canada. Robert Garrett & Sons,
CAFITAI. (paid up), - - -¥1,600,000
BANKERS,
Paid-up Capital
SURPLUS,
$678,000
No.
7 SOUTH „TREET,
000
ReserveFund
HOWLAND,
H.
D. R. WILKIE, Cashier
Reserve for Kquulizatlon of Dividends —
BALTIMOBE,
of Proprietors
HEAD OFFICE, TORONTO.
Reserve
BANKING ASSOCIATION.
t7,600,000
4,4')0
The Corporation
Drafts, issue Letters of
Credit for use of Travelers, and nefcottate or collect
Bills payable at Bombay, Calcutta, Singapore, Saigon,
SRANCBES:
jirant
Hong Kong,
Manila,
Pres't.
8.
400,0tt0
7,500,000
I^lability
Amoy, Ningpo.
Foochow,
Shanglial, Hankow, Yokohama, Hlogo, San Franoisco
and London.
A. HI. TOWN8END, Aceot, 47 William St.
it.
Catharines, Port Coibome, St. Thomas, Ingersoll
Welland, Fergus. Woodstock, Winnipeg, Man,,
Brandon, Man.
Dealers in American Currency
k. Sterling Ejcdiange.
Agents in New York:
of Montrial,
BOBANCjiniT, Salt & Co., Bank
59 Wall Street.
7S Lombard Street.
Promptest attention paid to collections payable in
any part of Canada.
Approved Canadian business paiier discounted at
the Bead OtBce on reasonable terms, and proceeds
remitted by draft or New York.
Agents
in
London:
TRANSACT A OBNBRAI, D0.V1BSTIC AND
FOREIGN BANKINO BUSINESS.
Wilson, Colston
|
Bank of
Australasia,
(INCORPORATED 1835.)
4 Tlireadneedle St., London, England
PAID-UP CAPITAL, £1.600,'.no.
Guarantee and Reserve Funds, £'188,000.
Ijettem of Credit and Drafts Issued on the 110
branches of the Bank in the Colonies of Queensland*
New South Wales, Victoria. South Australia, Tasmania and New Zealand. Bills negotiated or sent for
Collection. Telegraphic Transfers made. Deposits
received in London at interest for fixed periods on
terms which may be ascertained at the office.
PRIDBAUX SBLBY,
Brewster,
Co.,
No. 36
BANKERS,
FRANKFOKT-ON-MAIN, GERMANY.
Cobb
&
Secretary.
&
L. de Steiger
gixfllatid ganlictrs.
Estabrook,
Correspondence solicited
nlsned.
N. V. Correspondentfi
MEMBERS OF THE NEW YORK AND
Box
OAPITAL,
SURFLUS,
-
¥12,000,000, Gold.
96,000,000, Gold.
BMITH£KS, President.
W. J. BUCHANAN, General Manager
O. F.
Nos. 69
61
&.
WALL STREET.
WALTIK WATSON,
I
Aluc-r LANG,
J
.-._,.
AKanto.
But and sell Sterling Exchange, Francs and Cable
Transfers; grant Commercial and Travelers' Credits,
available in any part of the world; issue drafts on
and make oolleotlons in, Chicago and ttiroughontthe
Dominion of Canada.
London
Merchants Bank
-
-
•
GAPITAI/, $600,000,
Houston,
$1,250,000
ANDREW ALLAN, Esq.
ROBERT ANDERSON,
BEAD OFFICE, mONTREAL.
Perkins,
Samuel G. Studley,
)
JB.,
}
.^„,.
A«»nts.
No. 4 Exchange Place, Room
BOSTOK,
WALL STREET.
Sterling Exchange and Cable Transdrafts on Scotland and Ireland:
also on Canada, British Columbia, San Oancisco and
sell
demand
Chicago.
C1RCUL,.\K NOTES issued in Pounds Sterling
available in all parts of the world.
COM.HEKCIAL, CKKOrr.S ISSI;KD for use In Kurope,
China. Japan and the East and West Indies. Also.
In name of
l^ONDUN d: BKAZII.IAN
LIUITKI). available in the Brazils, River
BANK
Plate,
NEW
&c
Bills oolleoted
-»-~»
&
Stackpole
No.
7
and other banking business transD. A. MCTAVISH, >
H. STIKEMAN.
\
C,C. Baldwin. W.
Mcllhenny, B. F. Weems.
B. F.
&
Agents.
Buchan,
STOCK ANB EXCHANGE BROKERS
AND GENERAL AGENTS,
BANKERS,
EXCHANGE PLACE,
^jettusijl»aum
Shoehakib.
%^xiktxs.
Bobkbt M. Jannbt.
TORONTO, CANADA.
Correspondents— Bank of New York,
"^
aDd Alllanoa Banki Londoo,
flnan-
— giw
New York
;
'
r
BKN.T. A.
f!n»hlpr
WOTTo i«W'
& C"^
mOBILE:, ALABAinA.
Special attentioD paid to collections, with prumot
!tt current rates of exchange on day of
payment. Buy and sell State of Alabama and City
of Mobile Bonds.
Correspondent.'*,— Bank of the State of New York,
New York; Louisiana National Bank, New Orteana;
Bank of I-.iverpool (I^lmlted), Liverpool.
,
.
W. T. Blackwell,
P. A. WlLBT.
Cashier.
President.
The Bank
of Durham,
DURHAIVI, N.
€.,
With ample means, and facilities excelled by no
Bank In the State, invites correspondence and pays
B.
BUBRUSS,
PHILADELPHIA.
E. W. Clark & Co.,
St.,
Philadelphia.
DEALERS IN CAR TRUSTS AND OTHER
INVESTMENT SECURITIES.
Narr
&
(
Collect.lons
made on
made on
af.»<f
Soutliern points on
i-U
terms; prompt returns.
JOHN
JOHX
F.
Gi.KNN. Cash.
P.
best
BRANCH,
Fhed.
11.
President.
S<'OTT. Vice-Prea'i
THOMAS BRAJKCH &
CO.,
BANKERS AND COMMISSION MERCHANTS
RICHMOND, VIRGINIA.
VirKinia Bonds funded nnder the Funding Ac
passed by the lust Legislature, for ^ per cent Ci'm
mission.
New North Carolina 8 per cent bond!
secured by lien on the State's stock In the Norll
Carolina Railroad, for sale.
WM.C.COUKTNEY.PreS.
Brnkst n.PttixoLK.Cs»li
BANK OF CHARLESTON,
;
National B.^xkixg
Associatio.v.
S. C.
(ilVEV TO COLI .ECTIOS*
CHARLESTON,
SPKCIAL ATTKXTIDN
THE
Texas Land
&
Mortgag«
OOMPANS LIMITED,
(OF LONDON, ENGLAND),
Cransact a general Financial and Ajicenoy Builnssn
the State of Texas and Burope.
<iew
York CorrespondenM:
Blaki BH08. &
Wall
C. K.
Co..
P.
F.
WEI.LKSLKT
General Manager.
Dalies. T»i^
t^treet.
K8TABI.I8HKD
CHESTNUT STREET,
Orders executed by private wire in New York. Bon
Ion and Baltimore.
Drafts issued on all principal points In the Unite*
tttttts and Uurnpe.
of the TTnlt^Ml
alt TOLrt.s
MERCHANTS' NATIONAL BANK,
RICHMOND, VIRGINIA,
Gerlach,
BANKERS AND BROKBRM,
Cashier
W^II.miNCiTON, N. G.
BANKERS,
No. 36 Soutb Third
Walkkb,
A. K.
Pres't.
National Bank,
First
1871.
Keleher
&
Co.;
OLIVB 8TRKBT, ST. LOCIS.
Deaierx In Wentern Secnritle*.
806
PHILADEIiPHIA.
olal matters.
all
BANKERS,
M. shoemaker & Co.
BANKERS AND STOCK BROKERS,
No. 134 SOrTH THIRD STREET,
No. 322
Prompt attention given to collections and all
WICKMS.
Thos. P. Miller
Stocks and Bonds BouKht and Sold on Commission
Gzowski
oolleotlons on
Botts. Pres't; F. A.Rloe.
B. Botts, Kob't Brewster. 8.K.
Collections
Ely,
BOSTOM.
Jos.
or
North America,
No. 52
No. 4,
IHASS.
MEMBER OF BOSTON STOCK EXCBANOB.
JOS. M.
Bank
Issue
Texas.
attention to
Directors.— Benjamin A.
COMMISSION STOCK BROKER,
61 AVall Street.
AGENCY OF THE
Buy and
Co.).
STATE STREET,
BOSTOJV, IHASS.
(Limited.)
sells Sterling Exchange. Cable Transfers, issues Credits available in
all parts of the world, makes collections in Canada
and elsewhere, and issues Drafts payable at any of
the offices of thelbank in Canada. Kvery description
of foreign banking business undertaken.
fers.
Swcxr &
Co.,
No. 40
The New York Agency buys and
HENRY HAGUE,
JOHN B. HARRIS.
five
remittances
BANKERS AND BROKERS,
NEW YORK—The Bank "' Mew York, N.B.A.
British
&
Dupee
(Formerlr Chab. A.
BANKERS:
New York Asency, No.
I.
Dealers In Commerolal Paper, GoTemment ano
other first-class Bonds and Secarttles and Foreign
Bx<dian«e.
Private TeleCTaoh Wlr« to New York and Boston.
Esg
GEORGE HAOUB, General Manager.
J. H. PLDMMER, Assistant Qeneral Manager.
^^
LONDON, ENG.— The Clydesdale Bank
We
special attention to collections.
85,700,000 Paid Up.
President,
Vice-President,
R.
HID.
Bxchantire.
THE CITY BANK OP HOUSTON,
l¥EVBOSSET STREBT,
Dealers in Municipal, State and Railroad Bonds.
OF CAKADA.
Capital,
Reserre,
62
No. 22 Abcburcb Lane
Office,
& Co.,
BANKKRS AND BROKBHS
PROVIDENCE,
YORK OFFWE,
ITEyr
Wilbour, Jackson
BAI^TIinORE,
397.
special
aocessible points.
chakub h. sbbldon, jr.
joshua wilbouk,
Bknjahin a. Jackson, Williau Binnkt, Jb.
B. Oliveb.
J»otitltjerti g^ttliers.
Dealers In ninnldital. State, Railroad
-
Wm.
Members Baltimore Stock
ALSO.
Bank of Montreal.
— McKim Brothers A Cn
Middendorf, Oliver & Co,
BANKERS AND BROKERS,
(KBySER BUILDiNOiVf
I
Nos. 23 & 25 GERMAN STREET, '
BOSTON STOCK EXCHANGES.
and United Statea Bonds.
s
and information -fm.
WM. MiDDENDOBr.
BANKERS,
CONGRESS STREET,
BOSTON.
Co.,
specialty.
J.
[fnxi
&
BANKERS AND BROKERS,
BAIiTIinORE.
INVESTMENT and SOUTHERN SECURITIES
1
|
Defaulted Bonds of Missouri, Kansas and UJlnO'
rr
Good Inyestment Securities, i»Tlnii
10 per cent, for sale.;
•peolalty.
4^ to
j
.
Jandaey
THE CHRONICLR
17, 1885.)
Mptci^l %nvcBtvaLZut6.
Wiestevu ^nuJieKs.
&
United States Trust Co.
Co.,
New England
OF IfJlW TORE,
INVE§TME]\T BANKERS,
No. 40 W ALL STREET.
Mortgage & Investm't Co
N.
W. Harris
UEAUBORN STREET,
CHICAGO, ILEi.
Ho. 17B
DnXTnCi
LftJ,
l>Ui>
iNCOUIMUtA
Town, fthoo
and Car Tnut Bou«ht and Sold.
The funding of entire Ishum reoelTes apeolal stt«nHon. Wrltoaslf Tou wlahtobur orHll.
D. O. FONSa,
S'*"*' (bounty. City.
J
)
Prwideni.
8TATB BANK,
[0. T.
Inoorporated 1878.
WALKIB
Cuhler.
1
threo
(8)
(i(.[,f
-
-
-
It,.
Mmn-
line.
jk
Co.
THORNTON &, SON,
BANKERS AND HROKERS,
W.
F.
(Established
18!>».)
8ITELBYVILLE, ILLINOIS.
Collections niado in Shelby and ndj'itnlDf; Counties
and Prtic^ods remitted on Day of rayment.
!:y.— National Bank of Commerce. New
National Bank, Cincinnati ; Third Nu:.
^,
Traders' Bank, Chicago
St. l.ouls
Mitl Bank. Indianapolis.
t II M .,.1.
I
;
>'
i;\V
GAfiK & !N\ l>lMKNt'
M. Mills.
Mul tKii)ft*s. All
Kor purtlnilHrH or
luvVH
(1.
I
.
il
KN(iLANO M(MIT-
CO.. I>KS
H.
I'reeiacnt.
J.
MoiNKH,
Hansom.
Cashier.
Prompt and
popdence.
Cafmtai,, $100,000.
given to all corresmade upon favorable terms.
cjtrcful attention
808
First Natioual Bank, Corning, Iowa.
Choice first inortKoges in the best Farming Districts
In Iowa, Missouri, Kansas and Nebraska. Interest
paid at jour own h(imo In N. Y. Kxchange. Twelve
years' experience in toantnflr for Private Investors
and Trust Funds. Send for circular fElvinK full particulars as to loans, references, etc. Interest from
date of receipt of money.
CHA8. C. Norton, Cash^r. Lew E. Darbow, Pres't.
Refer to
GiLiMAN, Son & Co., Bankers, N. T. City,
T. B,
SWEET.
AND AIX KOfDB OF
BROOKETN SECURITIES
OEALT
[s the oide^t and larffest Instttntlon in Kansas,
glvlOK exclusive attention to the Negotiating of
hiijh rates
Of Interest. It has nejzotiated over S*>tO0O*OOO
of these loans fur Savings Banks, Insurance Companies. Estates and private parties Bast. Send for
IN.
BBI OAS gnOTATIONB IN THIS PAPEB.
W. W. WALGB
Y. Stock
WJVI.
No.
Bxcbanm.
C
IVOYES,
NASSAU STREET,
21
DKALKB
IN
RAILWAY STOCKS
OA.S STOCIiS,
TRUST CO.'S STOCKS,
CITTf
TELEGRAPH STOCKS,
Bank
Sums
of $100 and Upwards on Indiana and Ohio Lauds.
NOTniNG SAFER. ALWAT? PROMPTLY PAID
SEND FOR PAMPULKT.
JOS. A. inOORE,
84 East MarkeS St., Indianapolis, Ind
In
THE WESTERN
Farm Mortgage
Co.,
LA^VRENCE, KANSAS,
Offers to Investors the
bt'st securities in
FIRST
I.dANS
MORTGAGk
FARMS.
the'market.
UPON IMPROVED
Interest and principal paid on day of maYork. I'linds iiromptly placed. Large
No los.ses. Send for circular, references
and sample forms. F. .\l. I'BRKINS, President: J. T.
WAKNK. VIce-l'rest,; I.. H. PERKINS. Secretary;
CIIAS. \V.(;I1,L|.:TT. Tr«u.; N. F. HART, Anditor.
turity in
New
experience.
Sherman S. J Ewn-r, Pres. JosiahJewett, V.Pres
Wiu-IAU C. CoRNWKLL, Cashier.
Bank of
Buffalo,
CAPITAL,
$300,000
BUFFALO,
Stocks, Insurance Stocks.
N. Y.
all
Canada and
facilities for making collecaccessible points in the United States,
Europe.
Liberal temjs extended to
&
Flagg,
liSatber Bank; Union Bank of London.
RAILROAD
COMPANY
Duncan BuUdJng, Cor. Nassau & Pine Sts. WESTERN
OF MINNESOTA (now ST. PAUL & NORTHKJJTRANCB No.
11
ERN PACIFIC RAILWAY
PINE STRBBT,
BROKERS AND DEALERS
IN
B O IV 13 S.
H. L. Grant,
No. 145 BROADWAY,
NKW YOUK.
CITY RAILROAD STOCKS & BONDS
BOUGHT AND SOLD.
SCO (juoUtl ona of City Uallroads In this paper.
TO HOLDERS OF DEPADLTED
BONDS.
The
ondersltrned
holders of all
Invites
correspondence
WK8TKRN DKKAuJltKD
?J"i".'*'','"?.,''.''?iP8
I»»tf;"».
with
Oil RK.
°* «"«•• Counues, Township
Will purchase at best ratei.
m.S'?'?V'.
QlTe full description and address
T. J.
CHEW,
JR.,
EHJR 8A LR-Tlmbcr and
J.
St.
INTBRE8T ALLOWED ON OBrOSITS.
which may he made at any time, and wlthdnkwn after
Ove days' notloe,snd will be entitled to Intereit for
the whole time tney may remain with the oompanr.
Bxecutort administrators, or trustees of estates,
and females unaccustomed to the transaction of busless, as well as religious and benevolent Institutions,
will dnd this company a convenient depository for
money.
JOHN A. STEWART, President.
WIIiLIAM U. MACY, Vice-President.
JAMBS 8. CLARK. Second VIoe-PrMt
,
TltVSTEES:
Joseph, Mo.
Mineral T-ands, Farms
Konches. Winter Homes, In all Southern ."tatcs
andlln Mexico, ('.jlnniox located. W. H. STL'AKT
Land Agent, oa Curondelct St., New Orleans, La,
8. B.
Chittenden,
l>.
S.M.Buckingham George Bliss,
Daniel D. Lord, H. K. Lawrence, William Libber.
George T. A dee, Isaac N. Phelps, John C. Browa,
Erastus Corning,) Edward Cooper.
Samnel Sloan,
W. Bayard Ciitting.
HKNBY L. THORNELL, Secretary.
LOUIS
CO.Ml'ANY.)
Notice is hereby given that the undersigned, the
trustees under the mortgage dated May 1, 1881,
made by said company to us, to secure an Issue of
140 bonds of $1,0()C) each, all of that date, have designated, and we hereby call in, for redemption, as provided in the mortgage, all the outstanding bonds of
said issue, namely, bonds numbered as follows.
15
36
78
90
120
16
37
79
100
121
44
80
17
101
128
18
4S
81
102
123
19
as
46
103
124
20
47
88
104
125
21
81
48
loe
126
82
40
86
loe
127
2!)
50
88
107
li«
24
51
87
i08
180
25
SS
88
109
130
26
58
89
110
131
27
54
90
111
182
28
56
91
112
lilS
29
57
118
134
30
98
«8
U4
136
31
69
116
136
82
60
96
116
73
98
83
117
76
97
SI
118
as
77
98
119
Being one hundred and one (101) bonds of $1,000
each.
The said bonds must be presented and delivered to
Messrs. Wlnslow. Lanier A Co.. bankers, 26 Nassau
inr of the underStreet, New York Cifv '
signed trustee.s, i>n Ml
:iistdayof May,
ISW. The Interest
it delivered
by
that day shall Ihcni'Cf'
ease.
M
M
i
i
^
0Cr0BKK2i,
>
1884.
CHARLKMAONB TOWER, »,^.,,,^
'j Trustees.
WILLIAM
S.
LANB,
Q.
HAMPTON.
AssIsUnt Secretary
The Union Trust
611
AND
613
Co.,
CHESTNUT STREET,
PHILADELPHIA.
Authorlied Capital
(1,000,000
Paid-up Capital
500.000
Charter Perpetual.
Acts as Executor, Administrator, Assignee, Recelvel". Guardian, Attorney, Agent, Trustee and Committee, alone or In connection with an individual
appointee.
Takes charge of property ; collects and remits interest and Income promptly, and discharges falthully the duties of every trust known to the law.
All trust assets kept separate from those of the
Company.
Burglar-Proof Safes and Boxes (having chrome
steel doors) to rent at $5 to 160 per
new and elegant chrome steel
annum,
in their
Flr« and Burglar-Proof Taiilts,
protected by Improved time locks.
Wills kept in Vaults without charge.
Bonds and Stocks, Plate and all valuables securely
kept, under guarantee, at moderate charges.
Car trusts and other approved securities for sale.
Money received on deposit at interest.
JA8. LONG. Pres't. JOHN G. READING, V.-Prea't
s. STOKES, Treasurer* Secretary.
D. R. PATTERSON, Trust Officer.
DiRBtTroas.—James Long, Alfred S. Gillett, Allison
White, Dr. Chas. P. Turner, William S. Price, John
T. Monroe, W. J. Nead, Thos. R. Patton, John G.
Reading, Jas. S. Martin, D. Hayes Agnew, M. D.,
Jos. I. Keefe, Robert Patterson. Theodor C. Engel,
Jacob Naylor, Thos. (i. Hood. Edward L. Perkins.
Phii^delphia; Samuel Riddle, (iLEx Riddle. Pa.;
Dr. George W. Reily, UAKRisiiUUQ, Pa.: J. Simpson
Africa, Ucntinodo.v Henry S. Eckert. Reading:
Edmund S. Doty. Mifflixtown W. W. H. Davis.
DOYLESTowN R. E. Monaghan, West Chester ;
I'has. W. Cooper, Allentown.
MAHLON
;
:
;
The Brooklyn Trust Co.
Cor. of Montague & Clinton sta.. Brooklyn, N. Y.
This Company Is authorized hy special charter to
act as recelvclr, trustee, guardian, executor or administrator.
It can act as agent in the sale or management of
real estate, collect interest or dividends, receive
registry and transfer books, or make purchase and
sale of Government and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction of business, will
find this Company a safe and convenient depository
RIPLEY KOPES. President.
for money.
EDMUND
This bank has superior
tions on
accounts of bankers and merchants.
CoHRESPo.vuENTS.— New York, National Shoe
&
Reed
This company Is a legal depository for moneyi paid
and is autnorlzed to act as guardUu or
circular.
Sao. H. PSINTI8S,
Member N.
GEO. M. NOBLE, Sec
Pres.
Farm Mortgages
Railroad Stocks and Bonds
Street
$2,000,000
3,641, «08
<).
NKOOTIATKIJ BY THE
AND
GAS SECURITIES,
.
Dan. H. Arnold, James Low,
CHOICK FIUST MOKTGAGE LOANS at
nONTAGVE ST., BROOKIiYN.
OAS STOCKS
.
Thomas Slocomb, W. W.Phelps, John II.Rhoadei
Safe Investments.
Charles E.
Willis James, Anson P. Btokee,
Wilson
Hunt, John
Robt. B. Mintom
Wm H. .Macy, John J.A. Astor,
7 PER CENT BONDS and MORTGAGES
Stewart, Geo. H. Warren,
Clinton Gilbert,
THE
Loan & Trust Co.
Co., Kansas TOPEKA,
KAN.
AND
-
receiver of estates.
Collections
Merchants' National Bank. Chicago. Illinois
Geo. H. Prentiss &
No. 49 WALL ST., NEW VOKK,
-
-
Into court,
re I.
F.
.
-
BilJ,
WM. W. THORNTON, Cash
TH08. M. TllOllSTON.
•
I
•
sn
Capital,
Surplus,
DES MOINES, IOWA.
$350,000
Trompt attant Ion siven to atl bu»tneM tn onr
N. Y. CoHKKjilMNDKNTS.— Dimnell, Ljiwion
and the .Metrupolttun National Kunk.
»i-">o.niin.
Merchants' Nat'l Bank,
German Bank,
-
TAiM't Af.
Kit.
til'
I.ITTLK ROCK, ARKANSAS.
Capital (Paid In)
1
OITbrs careful:
MortKiiK'
Fanu
W. CORLIEB, Vlce-Prest.
TRUSTEES:
Low,
H. F, Knowlton, H. K. Plerrepont,
Alex. M. White. John T. Martin, Henry K. Sheldon.
A. A. Low.
Wm. C. Kingsley. C. D. Wood,
Alex. McCue,
Fred. Cromwell, Wm. H. Male,
Mlch'lChauncey.John P. Kolfe,
Henry Hanger
Jofliah O.
Wm.
B.Kendall,
E
W.Corlles.
Ripley Ropes.
Jas. Ross Cukran. Secretary.
Metropolitan Trust Co.,
MlUs BuUding, 35 Wall St., New York.
17P CAPITAL, «l,0O0,OOO.
PAID
Designated as a legal Depository by order of Stipreme Court. Receive deposits of money on interest,
act as fiscal or transfer agent, or trustee for corporations and accept and execute any legal trusts from
persons or corporations on as favorable terms as
other similar companies.
HILLHOUSK, President.
FREDERIC D. TAPPEN. Yloe-Presldsnl
J. BRITTIN. Seoretarr.
THOMAS
WALTER
^ttjcticti J»al«a.
STOCKS
and
BONDS
At Auction.
Tbe Undersigned hold
SALES
REQULAB AUCTION
of all classes of
STOCKS AND BONBS
OK
WEDNESDAYS AND 8ATUBDAY8.
ADRIAN
I
Mo. 7
H. nii;L,LER it SON,
NEW YOBK.
FIN£ STREET,
:
THE CHRONICLE
[Vol. XL.
^inaixcial.
'j^iumxcint
SAVINGS BANK,
"lUETKOPOllTAN
THE BONDHOLDERS OF THE
iTl Nos. and S Third Ave., opp. Cooper Institute. TO
SIXTY-THIRD DIVIDEND.
TENNESSEE VIRGINIA &
EAST
New YORK, Dec. 29, 1884.SI,
RAILROAD CO.
INTEREST for ttie SIX MONTHS ending Dec.
GEORGIA
and after Jan. 21, 1883, to de1
1884, will be paid on
positors entitled tlieroto, as follows
not exceed
per annum.
On accounts which do
of
FOUR PER CENT
more than
$1,000, at the rate of
annum on
per
the
flrst
CENT on the e-xcess.
S.
*1,000
*1,0()0 at
the rate
of
of the E, T.
PEH CENT mended by the Board of Directors on
Dec. 30,
THREE PER V. & G. E. K. Co. at its nieot'ng
th« following extract
kOJjR
and
18S4. respectfully submit
^
_^, «
u *
President.
W. SNEDBN,
and recommendations from said plan
Interest due and estimated deficit
$1,250,000
for 1885 and 1886
G. N. COXKLIN, Secretary.
TTOMESTAKE^miNING COMPANY,
Amount required for
Mills Bl'ildisg, No. 15 Bkoad Stbeet,
NEW York, Jan. 16, 1885.
DIVIDEND NO. 77.
The refjular Monthly Dlvidend-TWENTY-FIVB
CENTS per share— has been declared for December
payable at the office of the Company. San Francisco,
or at the Transfer Agency, in New York, on the 26th
Transfer boobs close on the 20th inst.
LOUNSBBRY & CO.. Transfer Agents.
Car Trust Bonds.
WB
&.
RAILROAD
POST,
2,
INVESTMENT SECUKIXIES
13
New York, Jan. 8, 1883.
THREE PER CENT on the capital
stock of this company has been declared, payable on
and after January 31, 1885, at the office of the company. Transfer books close January 21, at 3 P.M.,
and open on the morning of the 2(.l of February.
W. D. SNOW, Secretary,
WANTED
ALBERT
CT. PAUIi &3NORTHERN PACIFIC
RAILWAY COMPANY, NEW YORK, January 10
1885.-A dividend of ONE AND ONE-HALF (IH)
the outstanding
Capital stock of this company, payable at the banking house of Messrs. WINSJjOW. LANIER & CO.
26 Nassau St., New Y'ork City, n and after January
GEO.
,1<)NES, Treaj^urer.
FOURTH NATIONAU BANK
THE
OF THE CITY
OF
NEW
YORK, NEW YORK,
January 13, IHSo.— At a meeting of the Stockholders
of the Fourth National Bank of New Y'ork City, held
this day, the following-named gentlemen were unanimously re-elected Directors for the ensuing year;
Charles S. Smith,
Joseph B. Hoyt,
John H. Inman,
Frederick Mead,
Robert W. Stuart,
Elmore A. Kent,
O. D. Baldwin,
Richard T.Wilson.
Cornelius N. Bliss,
At a subsequent meeting of the
13, 1885, Mr. O. D. Baldwin was unanimously
re-elected President, and Mr. Cornelius N. Bliss was
unanimously re-elected Vice-President.
H. BUCKHOUT, Cashier.
PINE STREET.
INSURANCE STOCKS
M. Clarke,
ATTORNEY AT LAW,
Fabius
Jan. 1«, 1885.— At tlio annual meeting of the
shareholders uf this bank, held on the loth inst.. the
followiDK-named gentlemen were duly elected directors for the ensuing year:
Isaac N. Phelps,
William C. Browning,
George H. Sargent,
Henry T. Kneeland,
h rederick B. Sehenck,
Emanuel Lehman,
Charles M. Vail,
Seth M. Milliken,
Isaac Wallach,
William T. Moore.
James E. Nichols,
Joseph a, Wcller,
Francis H. N. Whiting,
Augustus G. Paine.
William P St. John.
Al a meeting of the Board of Directors, held this
day, Mr. William P. St. John was uuanimuuslv reclected President.
V. B. SCHENCK C ashier.
.
,
-L
NATIONAL BANK OF THE
Ni;w
REPUBLIC,
YOUK, Jan.
IB.. 1S85.--At
a
meeting of the stockholders of this bank, held on the
lath inst.. the following gentlemen were elected
directors for the ensuing year:
George B. CarUurt,
Wallace C. Andrews,
John J. Crane,
Sumner H. Stone.
Arthur B. Graves,
Oliver
S. Carter,
(ieorge E.Simpsou.
Win. K. Soutter.
John Jay Knox,
Orson Adams,
James
Chas. H. Flint.
B. Johnston.
Walters. Johnston.
D. H. McAlpin,
At a meeting of the Board of Directors, held this
day, John Jay Knox was unanimously elected President, and Orson Adams Vice-President.
E. H. PULLEN, Cashier.
THE FIRST NATIONAL
NOTICE.—
BANK OF KOKOMO, located
FOR SALE— STOCKS BY
J.P. Wintringhaiii, 36 Pine St., N. T.
Telephone Call " 232 JOHN."
8
50
10
21
70
25
35
80
5
1«.
.
W.,
50 Eighth Ave.
100 42d St. Manhat.
BONDS.
;
10,000
Island.
10,000
Star.
Sterling.
10 Anier. Steam Boiler.
7."i United States.
54>
Avenue
HOTEL,
madUon
Square,
NEW YORK.
The Largest, Best Appointed and Most Liberally
Managed Hotel in the City, with the Most Central
Location.
and Delightful
^
w
00.
HITCHCOCK, DARLING &
SUNDRY.
Groesbeck
&
Schley,
MEMBERS NEW YORK STOCK EXCHANGE
26 RROAD ST., NEIY YORK.
CITY KAII.ROAn.
Private Wire connection with Philadelphia.
Baltimore and Washington.
/CONTINENTAL
NATIONAL BANK,
vJ
Spencer Trask
BankerSy
New youk.
January 14, 1885.— At the annual
election, held at the banking house on the 13th inst..
the following were elected for the ensuing year:
directors.
E.
•
Good
«
SCRIP.
Dry Dock E. B. & B.
30 B'klyn Aca Mus. ticket.
1 Clinton Hall, with use
of Mercant. Libr.
50 Bleecker St. & F. F'y 2,000 N.Y.Chl.&St.L.Equip.
10 Broadway & Tth Ave. 100 Otis Elevator
UK) Cent. 1". .N. & E. U.
OR
Kansas
M&StN.A 1st.
50 Am, Loan & Tr.
100 Farmers' Loan& Tr.
50 United States.
Phenix.
Rutgers.
FINANCIAL CHRONICLE.
Trust Co., Wyanditte, Kansas.
St.N.
TKIJST CO.
Niagara.
1).
llAMiOLPH,
JOUN T. AGNEW,
HENRY M. TABBR,
C. H. MARSHALL,
F. TAYLOR,
H. PORT Kit,
W. TUHNBULL,
W. D. MOKfiAN,
W.C. WHITNEY.
INSPKCTOKS.
ALE.X. McL. AGNEW,
WM. KEVAN,
D. S.
Only the most desirable loans EDMUND
MORTGA«FI*
Absoluteeafety and satisfaction. The
Micuu^Lcan
Fifth
3,000 B'klynC.Bs, 1802-1902
and
JOUN
Nos. 16 AND 18 Broad Street,
Branch Offices:
directors
F.TAYLOR
Co.,
Coniiecled by Private T7ire».
held this day,
D, RANDOLPH was elected President
T'
Vice-President.
AGNEW
&
Transact a General Banking Business
APPl.ETON.
At a meeting of the
.A
&
B'y& TthA.lstos.lOM
|10,00042dSt.
Home.
reference, and willing to start on very small salary.
Address
!
Knickerbocker.
:
POSITION IN BROKER'S
WANTED.—
Banking
by a yonng man of
I
Franklin & Bmpor'm.l 10,000 South Ferry 73, 'W.
Hamilton,
lO.OOOThird Av. Us, IsOO,
Long
Ct>mmercial and corporation law and municipal
bonds, specialties.
_
_
„ « ^, ,.
REFEiiENCES: Hon. D. J. Brewer, U. S. Circuit
Judge; Corbin Banking Co., New York; Eastern
Banking Co. and Gen. F. A. Osborn, Boston, and the
Bank of Topeka, Topeka, Kansas.
CITY RAILROAD.
INSURANCE.
Shs.
7 Am. Exchange.
20 Continental.
15 Empire City.
100 Exchange.
at Kokomo, In the
State of Indiana, is closing up its affairs
all noteholders and other creditors of said Association are,
tneref ore. hereby notltled to present the notes and
other claims against the Association for
or pay
payment
Dated Jan. i; 18H5.
C. A. J AyTci'ashler.
office,
TOPEKA, KANSAS.
R. SHELDON > Funding Committee.
E. H. K. LYMAN,
)
New York, December 30, 1 884.
GEO.
rp.HE ME»CA!yTIl.E NATIONAL
1. BANK OK THE CITV OF NEW YORK. NEW
YOHK,
HACHFIELD,
Bailey,
E.
SAMUEL SHETHAK,)
Directors, held
January
'^rHE
MARTIN &
Stock Privileges
Dividend of
13, 1885.
$2,250,000
Total
To secure tills amoimt it was recommended:
I. That the holders of the consolidated 5 per
cent bonds be asked to fund lour coupons,
being those maturing January and July 1st,
1880, and Januay and July Ist, 1886, by
•
Special attention given to
depositing said four coupons -with the Ceny-^
11
New York, as trus- I jOI I
Collections and Remittantriil Trust Company of
funded
Company's
the
instead
receiving
and
tee,
coupon bond dated July 1st. 1885, and bearing
on Imsix per cent interest per annum from that date,
roperty.
?ro°^fd M?ri%>l
payable semi-annually on the flrst days of JanBank and other Stocks Bought and Sold.
uary and July io each year, which bond shall
run ten years from its date, and be redeemable
CO., Private Bankers,
par
and
Company
at
the
of
pleasure
at the
Minneapolis, Minn
P. O. Box 320.
accrued interest, after three years, on three
months' notice such funded coupon bond to be
secured by the coupons so deposited, the lien of
which will be In all respects preserved.
II. That the holders of the $2,000,000 of the
MAKE A SPECIALTY OP THESE TEET
Cincinnati & Georgia Division Ist mortgage six
AND SELL SAHB
per cent bonds be asked to fund four coupons, 8AFB SECURITIES, AND BUY
by depositing with the Central Trust Company AT MARKET PRICE.
OFTBB A LIMITED AMOUNT OF DBSIB
of New York, as trustee, said four coupons,
beiug those maturing March and September 1, ABLE CAR TRUST ISSUES, ADDITIONAIiLT
1885, and March and September 1,1886, and SECURED BY THE DIRECT OBLIGATION OF
accepting iu lieu thereof a funded coupon bond
EQUIPMENT COMPAMY.
based on and secured by such coupons, which THB
bond shall be dated September 1, 1885, and
CO.,
bear six per cent Interest from said date,
payable semi-annually on the flrst days of
Kg. 34 PINE STREET.
March and September in each year, and be payable in ten years from date, or, at the option of
Ihe company— at par and matured Interestalter three years, on three months' notice.
NEGOTIATED.
III. That the holders of the debentures be
asked to extend for ten years such of the debcntuics as fall duo during the years 1885 and
1886, and to accept similar debentures, runBOUGHT AND SOLD.
ning from Ave to ten years, for the interest on
:
their debentures falling due during the years
Rome Watertown & Ogdensburg Ists and 2d3.
1885 and 1886.
Oswego & Rome Bonds.
the
with
made
be
IV. That an arrangement
Joliet & Northern Indiana Bonds.
Grand Rapids & Indiana Bonds and Stock.
holders of the Car Trust Certiflcates of the
Company, Series A, for an extension for ten
E.
years of all payments of principal tailing due
No. 6 Wall Street.
in 1885 and 1886, being $100,000 In each year.
$2,800,600
Total amount extended
company
matthe
(The divisional bonds of
S.
uring during 1885, 1886 and 1887 will be provided for by issue of sutticient 58 of 1880.)
T
Bondholders who assent to the proposed plan
DBAxnfOS nj
are requested to signify such assent to the East
Tennessee Virginia & Georgia Funding Committee, Room No. '27, No. 110 Broadway, where a
A SPECIALTY.
member of the committee will be ready at any
Cash paid at once for the above securitlefl : or they
time to give any further explanation or inforcom
mission at seller's option.
sold
on
will be
mation desired.
When the requisite number of bondholders
have given their assent to the plan, notice will
be given of the time and place where bondholders may present their coupons for exchange
into the funded coupon bonds.
WB
I,OAN & TRUST COMAMERICAN
Broadway,
PANY',
PER CENT has been declared upon
satisfaction to lenders titan a7iy
;
on
fany, pavable at this office
885, to stockholders of record on that date.
The stock transfer books will be closed at 3 o'clock
P. M., Jan. 17, 1885, and will be re-opened at 10 o'clock
A. M. on Feb, 3, 1883,
JOHN S. KENNEDY, Vice-President.
1
more
BliAKE &
MANITOBA RAILWAY COMPANY,
No. BS William Street.
(
New York, Jan. 12, 1885. S
The directors of this company have declared a
AND
ONEONE
DIVIDEND
of
QUARTERLY
HALF PER CENT on the capital stock of the com-
A
gii^e
within our knowledge. We ca7i from record evidence
convince the most skeptical and assure those having
fumds ^vhich they tixish to place for a term of years
wherethere is entire safety aiidat the same time high
rates of interest, that it will be greatly to their advantagt to call upon us for information.
Investments.
-1-
and after February
tinues io
.
of this Company for the si.x months
payable, at this olBce on and after Feb. 2, 1885, to
stockholders of record Jan. 15, 1883.
The transfer hooks of the llrst Preferred Stock
•will be closed on Thursday, Jan. 15, 18H3, at 3 P.M.,
and re-opened on the morning of Feb. 3 prox.
T. W. LILLIB, Treasurer.
MINNEAPOLIS
l.OOO.tOO
PER
PCrlOnS.
liOUIS it SAIV FRANCISCO KAIIiST.
WAY' COMPANY, 15 BROAD ST., (Mills Building),
Kew YORK, January 9, 1885.
The Directors have this day declared the usual
Semi-Annual Dividend of THREE AND ONEStock
HALF (3H) per cent on the First Preferred
ending 31st ult.,
ST. PAUIi
betterments.
AND
Minneapolis, Minn.
inst.
rpHE
Funding Plan recom-
aid In carrying out the
On accounts
115 Broadway, Keiv Yorlc.
CENT FAIii£ MORTGAGES.
7
8
Holders of these tnortgages tell us they Imve no apprehfiision whatever concerning them, and that th^y fiytd
them a mediuvi for safely investing surplus funds ivithout care or anxiety; when it is considered that they
combi?ie safety with larger returris upon the capttm
their value becomes strikingly ajaparent. We are not
expeHmenting rvith a new security, but closely following an old and familiar one, which has given and con-
imiJersignea, appointed a committee to
The
:
The Corbin Banking Co.
Cashier.
Philadelphia, 133 South Third Street.
Albany, N. Y., 65 State Street.
Providence, R. I., 13 Westminster St,
Saratoga, N. Y., Grand Union Hotel.
i
.
;c
xmtk
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATEa
(Entered aocoiding to act of Congress, In the year 1888, by Wm. B. Dahx & CO., In the office of the Librarian of Oonfreeii, Washington, D. O.J /
VOL.
SATURDAY, JANUARY
40.
CONTENTS.
Affairs
Haid Times mid O. oil Times..
The Work of the Railroad Commission
71
72
and Speculation
Clearings
:n
lo84
aodlromJan.ltoDec.tl
Monetary and Commercial
75
Commercial and Mlacellaneous
78
lier
English
82
News
Harlcet, Foreign Exchange, U.S. Securities, State
Bonds
and Railroad
Stocks
Bange
i
I
and
I
86
1
the N. Y.
in Prices at
Stobk Exchange
87
Quotations of Stocks and Bonds
New York Local Securities
Railroad Earnings and Bank
Returns
InTestment and Railroad In-
THE COMMERCIAL
Commercial Epitome
91
95
Cotton
Weelt
Breadstuffs
I
Dry Goods
100
lul
Financial Chroniclb m puilished
Neva York every Saturday morning.
f
AST)
in
Entered at the Poet Office, New York. N. Y., as seoond-olasa mall matter.
I
TERWS OF SUBSCRIPTION-PAYABLE IN ADVANCE
For One Year (including postage)
$10 20
ForSLx Months
do
610
Annual subscription in London (Including postage)
£2 7s.
Sizraoe.
do
do
do
*1 8s.
These prices include the Investors' Supplement, issued once In two
months, aud furnished without extra charge to subscribers of the
Ohkonici.k.
Subscriptions will be continued until definitely ordered to be stopped.
The publishers cannot be responsible for remittances unless made by
Drafts or Poat-Otlico Money Orders.
A neat tile cover is furuiahed at 50 cents postage on the same Is 18
Mnta. Volumes bound for subscribers at $1 00.
Offices In England.
The office of the Commbkcial and Financial Chroniclb in London
la with Messrs. Edwards & Smith, 1 Drapers' Gardens, E. C. where
nbscriptions and advertisements will be taken at the regular rates,
•nd sIukIo copies of the paper supplied at Is. each.
The olllce of the Ciironiolk lu Liverpool is at B 15, Exchange
New York
JMMO
FLOVD
fWlIiIiIXm B.
'»
^
*
DANA
Jc
$274,350,475
Co., Pnbllataera,
81 Wllllaiii Street,
NfiW VORK.
I
Per
Week BruUng
Cent.
-330
1884.
J'an.
:i.
Percent
t6ie,152,177
{770,600,020
{020,508,478
-29-3
shares.}
(1,B.S4,884)
(1,961,479)
(-1-4)
(1,535,287)
(Cotton. ...balet.)
(Grain... bushels)
(40I,«00)
(400,300)
(817,700)
(62,952,000)
(44,171,000)
(33,463,000)
(-I-24-5)
(Petroleum..bbU.')
(41,123,000)
(79,716,000)
(+0-4)
(+42-5)
(-43-1)
(-12-9)
(-89-8)
(29,416,000)
(-S9-0)
Boston
Providence
Hartford
«60,281,S91
4,617,000
{70,287,036
4,844,300
-1-4
—4-7
{70,094,063
4,180,500
2,417,106
-61
—rs
—ITS
2,269,270
3,600,000
-4-8
Now Haven
1,414,730
1,304,370
1,091,683
-12-8
750,501
849,353
777,824
459,885
-11-8
-16-3
-9-8
Portland
8.'51,45'
912,861
Worcester
762,029
933,391
455,462
838,051
+8-5
-6-7
-9-1
054,0:!9
-•J-2
627,034
-27-8
{80,584,930
*82,I84,296
^4,438,29
«54,866,489
Sprtngfield
Lowell
Total N. England
Philadelphia...
Pittsburg
Baltimore
Total Middle...
-230
— 1-9
-8-5
-220
7,311,208
10,000,000
—190
-260
18,659,:*19
14,406,938
—6-2
-15-7
-17-5
-22-6
—84-2
?65,40S,854
{79,272,42'
{51,633,545
10,199,660
4,482,138
2,760,955
1,701,372
{43,847,337
9,816,300
-firs
3,798.W3
-flSO
2,684,6St
-(-31
1,789,449
-4-9
Cleveland
2,46.3,3391
1,982,188
-fa4s
-24-4
-15-1
—13-6
-19-8
-22-6
-6-2
Columbus
1,250.182|
1,221,709
-22-0
Chicago
Cincinnati
Milwaukee
Detroit
Indianapolis
Peoria
Total Western..
St.
St.
Loula
Joseph.
New
Orleans.
Louisville
Kansas City
CLEARING HOUSE RETURNS.
1884.
Sala of—
;
BuUdlngs.
wntiiH R niKi
is
last year, $386,076,699
EnMat January 10.
1889.
TIMES.
1
week
total for the
same period
in 1883
(Stocks
Thi Commkecul
New York the
against $277,792,519 for the
91
telligence
I
1,021.
and $288,883,339 in 1882, the decline from 1884 being
only 1'3 per cent against a falling off on January 3 of 15'7 per
84
cent. From 1883 the falling off is 4'3 per cent and from 1883
88 5 '3 per cent. The details for the different cities, presented in
89 our usual form, are as follows :
90
News
THE BANKERS' GAZETTE
Money
Outside of
76
Railroad Eamlugs in Dcceiii
74
74
NO.
1885.
these values from the total clearings at that city we find the
exchanges otherwise arising to be $279,682,177 and 1484,340,920,
representing a falling off of 42'2 per cent.
THE CHRONICLE.
Clearinglloiise RetiirnB
The Fliuuiclal Situatloo
Philadelphia
& Reading's
17,
For the week under review the total clearings are more satMemphis
iBfactory than during the preceding six days, the loss from
Total Southern.
last year now recorded being 24-6 per cent, against 2.5'4 per
cent on January 3. This improvement is all the more grati- San Francisco
.
. .
+3U
-t-107
69«..W8
969,475
-27-8
{75,202,689
{66,110,075
-I-13-8
{59,537,429
-21-3
{17,645j274
«16,.576,890
-H6-4
{18,690.161
•554,92'
787,894
13,268,040
-2B-6
10,751,672
-190
49«,158
10,600,428
4,855,628
4,083,486
-1-139
3316,068
-18-7
-24-3
-17-5
-14-0
4,7*3,493
2,719,090
+780
3,201.696
-t-36-8
2,290,134
1,288,509
-(-77-7
1,578,589
-4-1
{40,601,128
{38,725,689
-H-8
{33,373,090
-lS-9
{11,900,06-;
+6-3
{18,684,358
+6-B
{12,452,874
-89-4
Total all
{790.402,652 { ,018,393,4.30
{778,008.981
does in the face of an increa.sed decline on
the flgpires of the previous week of 3-7 per cent at New York.
Of the cities reporting by telegraph for the five days ended
Of the twenty-seven cities embraced in our statement all but with this (Friday) everting, Boston is the only one which
even exhibit an improved condition over the last returns, and exhibits an improvement over the corresponding period of
in many cases a decided increase over 1884 is recorded. This last week,
and the total there is in excess of a year ago. Now
to particularly true of Cleveland, Kansas City, Memphis, MilYork records a decline from the percentage on Jan. 9 of 0'7
waukee and Chicago.
per cent, Baltimore 3-5 per cent and Philadelphia 8'6 per cent.
fying,
coming as
it
1
1
The Western section exhibits clearings 13'8 in excess of a Last Friday St. Louis presented an increase over 1884 of 7'3
yearago, against a loss January 3 of 21'3 per cent; the South per cent,
but now shows a decline of 9 per cent.
follows a decrease on Jan. 3 of 13-9 per cent with an increase
now of 4'8 per cent, and San Francisco presents this week a
gain of 1-.5. The New England and Middle sections do not
reach the figures of 1884, but nevertheless they record an im- New York
provement over last week, in the former case of 6-6 per cent Sntet of Stock
Boston
and in the latter of .VO per cent.
PhlladelphU.
The share transactions at the New York Stock Exchange Baltimore
have reached a market value of $118,235,000, against $143,- St. Louis
130,000 for the
k
same week
in 1884,
and
if
we deduct
double
Total..
ttve Davt Ending Jan.
1885.
67,377,406
{667,122,086
(3.lA.*ti)
50,868,188
38,020,6801
91,.S98,51S
12,-284,128
18,497,172
15.101,820
{44fl.050,«-2<l!
(shs.)
.
.
1884.
(1,959.810)1
13,741..S00
{.'i«7,474.6;«)i
*M03.»42..V.i4
16,
Five D'yt End't Jan.
9,
—
;
THE CHRONICLE.
72
fair
THE FINANCIAL SITUATION.
Wall
The failures of Thursday,
held for several weeks past.
though somewhat of a shock, were quite in keeping with
the general course of events, for such occurrences merely
mark the drift in the situation, and are not controlling
Prices in general have been supported, but
incidents.
special securities, first one and then another, quietly sag or
drop, the market in the meantime going up and down,
being strong and weak, or dull and active by turns. Activity however is now only relative, for compared with
total sales
seldom
above mediocrity.
rise
of traffic
place of short
Street affairs retain the peculiar position they have
former years the
amount
[Vol. XL.
daring the spring and summer, in
supplies of both in the corresponding
sea-
Are there not here suggestions promising enough to lift any amount of ordinary gloom ? But
the question is, can they relieve us from the effects of selfish, unscrupulous railroad management, or from the unnatural action of a statutory provision which is driving capital
from us and nipping every bud of enterprise ?
The closing of the doors of the widely-known and highlyrespected banking house of John J. Cisco & Son, which
was announced late on Thursday, was a surprise and a disappointment.
It is supposed that the rumors circulated
last week of its embarrassment, alarmed depositors, and
sons
of
1884.
A wide call
any banking house that must market
securities in such a time as this to meet them, is a very
•convictions.
serious
and a very severe strain. Undoubtedly the firm
The truth is, we have reached a point where it has
had
become
saddled with some stocks and bonds during
looked a little as if there were a turn in the road, and yet,
the
prevailing
depression (for who has not?) which
make
a
as the buried hopes of the last two years would
would
recover
when
the times recover, yet could not
be
and
as
so
much
can
even
now
respectable graveyard,
But the final
said in favor of still another tumble, timidity is of course be turned into money now at any fair rate.
On the side disturbing mishap was the default on the first mortgage bonds of the
easier, if not wiser, than boldness.
And
as
in this
to
way we
the future,
jog on, few having any fixed opinions
were, the immediate cause of the disaster.
and fewer
for the deposits of
daring to act on their
still
we have besides the failures, (1) several recent Houston & Texas Central. The house, we understand, held
some of which are very discouraging, as they these and the seconds in a large amount, especially the
were unexpected and on their face seemed to lack reason latter. The seconds were quoted the first of the month at
or excuse, suggesting a doubt whether one can sleep on 111, and have sold freely within six months at 120; thisany investment, even first-mortgage bonds (2) then there week, with the default on the firsts, they lost for the moment all market value a sale being made yesterday at 70
is the old sore, silver dollar coinage, unsettling all calculations, no one knowing whether what he is buying to- Had the marketing of any large number of bonds been
conficience
defaults,
—
;
day
at gold prices
may
his
purchase, be
selling
not, before
at
he wishes to part with
silver
and so
prices;
capital
.
only have
been disastrous
to
everyone concerned, and hence the safer course for
all
forced,
the result could
was for the Messrs. Cisco & Son to stop payments.
Houston & Texas Central securities should not be sacriC8m see in the ruling rates for foreign exchange, ficed. The most of them are owned in large blocks by
under conditions of our trade balance which could not investors able to retain them, and there is no prospect
they will be sold but the small holders may be
that
otherwise fail to produce a much easier and lower market
assured of their real value.
The
(3) finally, not to mention influences of more local action, frightened unless
such as the disturbance in the coal combination etc., we default, for the time being, has undoubtedly acted most
have the war of rates prevailing so generally that if we disastrously, not only upon the bonds themselves, but
One would almost as
are to believe the evidence, it is almost universal, the con- upon every kind of investment.
test between "West Shore and New York Central being so soon have expected a default upon New York Centra
bitter and destructive as to be everywhere demoralizing, 7s as upon Texas Central firstSj for the Texas secondp
so that even large traffic does not necessarily mean large and firsts are beyond peradventure good.
The first
earnings.
mortgage is a first lien on the main line at the rate of
But on the other hand promising indications are cer- $20,000 a mile, covering 345 miles of road it is also a
tainly not wanting, while there are some substantial evi- first lien on ten sections of land for each mile, or 2,208,000
dences of at least temporary progress. (1.) Look at the acres, which if sold at $3 an acre (we are assured that is not
clearings since the first of December, and especially for an excessive valuation) would more than pay oS the entire
the weeks since the new year came in.
How well they lien, $6,262,000. The second mortgage, an 8 per cent
correspond with, and may we not say confirm, the reports security, is a second lien on 463 miles of road and also a
of business improvement now so general.
(2.) Then look first lien on six sections of land for each mile of road, being
prefers idleness, or
evidence
positive
makes haste
it
of
latter
to leave the country
tendency even the
dullest
;
;
at railroad earnings
— we give
—
them
for
December
in an-
1,777,920 acres in
other column, and for the weeks since January began they
are even more favorable do they not look like cumulative
evidence that better times are already beginning, for re-
entire issue,
member
are,
that
erally lower
can
one
has
passed;
these
rates
forget
a
figures
and
that
short
of
are in the
cutting
the
lowest
time
since
face
too.
of gen-
all;
if
this land
were sold
per acre, the proceeds would more than
at only
$2 33
provide for this
which is.$4, 1 1 8, 000. Some party
will
undoubt-
edly soon come in and protect securities situated as these
but for the moment the default was so unexpected,
Neither so bewildering, that the investing public was dazed.
for wheat
The failure of Oliver Brothers, the largest iron manu-
(3.)
price
seemed facturers at Pittsburg, was also announced on Thursday,
though it had very little effect in Wall Street; from
from below 80c. to above 90c. in New York, and if the an industrial point of view it is, however, an event
speculators would only leave it alone we could easily of importance.
It has long been a surprise
that so
market the balance of our crop at the latter figure
what few prominent houses in trade have succumbed under
a propitious change in the situation that is, will suggest the extended depression which has prevailed. Manufac-
as
if
it
really
it
was worth nothing, and now
it
has advanced
;
quickly enough to every one.
(4) And finally the turers have all of them found sales slow, and duri ng the
roads are just beginning to deliver a very large crop of year diminishing in volume, so that they have had to carry
corn (which will compare with a small one last year), and an large and accumulating stocks, and with receding prices
abundance of com means also an abundance of corn-fed which scarcely pay for the manufacture, this could but
meats for coming months, together Jgiving ^promise of a prove a pretty severe burden. Diminished production
itself
a1
.
January
.
THE CHRONICLE.
17, 1885.]
London.
payrollof $200,000 to $2.'>0,000 a month must make rapid
inroads into active capital unless stock can be worked
he can place his
late
78
This plan
months, and recently a slight revival in the
demand, have relieved the situation to an extent. .Still, a
during
.
3 per cent;
if
hoarding gold.
far better than
is
makes on the
investor
bills
money
The
ho buys, and as they mature
in the joint stock
the contingency should
banks and obtain
when gold
arise,
was worth 20 per cent more here than* our currency, he
have been spending freely within a short time, enlarging would then be in position to take advantage of the situaand improving their works, so the causes of their trouble tion, while in the meantime he keeps his funds profit-
we understand
Besides,
quickly.
t.il
Oliver Brothers
can be no enigma. The general belief in trade circles is ably employed.
Bankers' balances have commanded fractionally better
that they only need an extension, and that thoir mills will
rates this week, and in place of ^(§(1^ per cent, loans have
<m be running again.
general
iu
business
may been made at lfrf'2. The banks are reported to be more
A good idea of the depression
in progress. In another liberally p,urchasing commercial paper, of which there is
December
trade movement now a better supply of really first class, brought out by
oolumn we
New York exup
especially
for us at the the expectation of a good spring trade.
made
is
which
York,
New
been
at
a
moderately
high
premium
has
at Chicago
from
that
change
noticed
statement,
will
be
It
House.
".atom
•that the |nports the last month of the year were about and .St. Louis, reflecting a movement of currency to this
$500,000 more than for November, but were only 29 mil- centre, and mail advices report a light demand from the
The following statement,
lions in all, or about 10 millions less than in the same interior for crop purposes.
nonth of 1883. It is also a satisfactory feature to note made up from returns collected by us, exhibits the week's
any month receipts and shipments of gold and currency by the New
.hat the exports were the largest of
now
gathered from the imports
publish to-day the
"It,
32^ millions, an increase York banks.
over the same month of 1883 and
3 millions
of
Week BnMnt
an increase of more than 6 millions over November, 1884
the
December
trade
that
movement
That would indicate
Cnrrenor..
Sold
•when made up, will show a very large balance;
of
being
whole year,
the
Jan.
Beeeived by
1885.
10,
N.T. Bank:
—
strengthened by the statement of breadstuiis
also
belief
and provisions exports issued by the Bureau of
We have
this week.
prepared a
summary
Statistics
the
of
for three years, which are as follows.
BXPOBTg OF BBEAD8TCFFS FOB DECCMBEE ASD FOB SIX
figures
MOSTII.S.
18S4.
Mrroltt
TotttI gold
December. 6 Months.
I
Dec^nber.] 8 Months.
.bu.
8,8*1,153
51,397,158
5,831,660' 40.184,729|
8,147.417. 75,629,076
Floor. ..bblB.
1,081,588
4,74»,98li
897,a»j
4,462.597
1.031,975|
4,533,«84
Tot. In busb.
12,899,002
78.702,067
9,269,173
60,216,416
12,790,8M
96,032,001
I
t
flour
11,644,082
67.837,720;
10,712.848
Com k meal.
8,470,405
7,»46,164|
I,il96,ei9'
16,000,956
1,782,590'
4,484,984
167,839
1,967,403
899,384'
2,855,139
111,290!
600,208
198,884
1,217.186'
160,206
565,043
156,003
8,605
tit'
Yttluet.
Bye
A
tiso.ooo
•460,000
(}alii..«8,011.000
t8.iei,ooo
1600,000
Oaln..tl,661,00»
LoM.
.
450,090
The above shows the actual changes in the bank holdings
of gold and currency caused by this movement to and from
the interior. In addition to that movement, the banks have
Adding that item to
ury.
Osts
t2,iei,ooo
* ^450,000 of this was transferred In the shape of silver certificates
by a deposit of gold In the Sub-Treasury.
December. 6 Months.
(immtUiea.
Wh't &
legal tenders.
Net Interior
Movement.
bti
gained $1,400,000 through the operations of the Sub-Treas-
fnn tJtS
WhMt.
and
Shipped
N.T. Bank:
»
*
I
288.081
8,986
we have
the following,
week covered by the bank statement
to
be issued to-day.
I
69.032.483' 15,176,338118,462,320
oat-
B(>t«7....
the above,
which should indicate the total gain to the New York
Clearing House banks of gold and currency for the
18,767|
92,809
8,967
183,137
WeekEndinn
Bank: Out 0/ Banke Net Chante in
Bank Boldinoe.
Into
Ja:i. 18. 1865.
Banki' Interior Morement, above.
Sub-Treasury operations, net
12,161,000
1,400,000
1600,000
Gain. »1.56l.a00
Gain. 1,400,000
Total gold and legal tenders
$3,561,000
t600,000
Gain. t2,981,000
j
Total bread•talb,Talae
PrOTlslons
.
Total
pro-
TlHoiu
and
tread atMffa
*
..
14.389.686
78.856.474; 13.088,118
ll>t4,S90
58.017,1081
88.014.626
68,055,688
10,St4,9u2
17,087,790117.822,566
13,071,4881 46,226,233
85.633.976 130.878.582i 28,933,070 150,070.8141 29,159.2121104,048,780
In 1882.
Oatmeal not stated
In November the breadstuffs values only reached 1
dollars, whereas the above gives them at 14^
million
million dollars for December, the total of provisions
breadstuffs being
now
H million dollars
same month
of the previous year.
the belief
expressed
and
in excess of the
The Bank
England gained £378,487 bullion during
This represents £394,487 drawn from the
the week.
interior and £16,000 shipped abroad. The Bank of France
lost 1,358,000 francs gold and 932,000 francs silver, and the
Bank
of
of
Germany
since the last report gained 3,397,000
The following indicates the amount of bullion in
principal European banks this week and at the corre-
marks.
the
sponding date
last year.
Altogether, therefore
I
report for the whole
show a very
above
country,
that
when
the
it
large balance in our favor
is
yet notwithstanding that fact and the goodly bal»nce previous months left over, with also very positive
[indications
of a favorable trade
foieign exchange has
I
15, 1885.
aoM.
fully justified.
And
J
January
December trade
is made up, will
statement for January
continued strong during the week.
Bank
Bank
Bank
of
England
France
of
Oermany
of
January
17, 1884.
mtver.
Gold.
Silver.
«
£
M
21,101,255
21,500,536
39,976,680 41,988,434 37.842,537 39,636,658
6,515,212 19,345,638
7,200,000 21,600,000
67,493,147 61,534,072 66,543,073 61,236,653
Total thla week
lotal ptotIoqs week .... 67,126,518 61,445,964 06,388,803 60,720.68 »
sterling having actually
advanced a cent per pound since
The Assay Office paid $3 12, 750 through the Sub-Treasury
is claimed to be and proba.
for domestic bullion during the week, and the Assistant
)ly
is chiefly due
to a renewal of the demand for
Treasurer received the following from the Custom House.
"ng sterling for investment, and it is said that the
Oomiating of—
/uying now is even more general than it was sixty days
last
or
Friday.
more
ago.
This Strength
This
ire in the market
perhaps natural, as the old investors
again and are reinforced by others
Aim.
is
ueking to secure a similar
profit.
There
is
no way of
e.x;plaining the
mystery of the prevailing firm tone for
ohoit sterling, despite the fact that large amounts
of bills
re now maturing, e.xcept on the supposition
that those
having the bills do not sell them, but transfer the funds to
DuHe*.
CMd.
Jan. e.
" 10.
" 12.
" 13.
" 14.
" IS.
Total.
73
80
13
04
93
70
$4,000
4.000
10,000
4,000
3,000
3,000
$2,542,173 33
$aa.ooo
$465,518
361,822
429,283
581,249
414,603
290,695
U.S.
Oold
aUverOer-
Ifotf.
Oertifi&$.
H/Uate$.
$135,000 $155,000
124,000
99,000
174,000
60,000
231,000
85,000
161,000
38.000
83,000
100,000
$931,00(1 *S19,00P
$175,000
134,000
184,000
257,000
210,000
lOCOOO
$1,060,000
—
THE CHRONICLE.
74
PHILADELPHIA
(h
READING'S AFFAIRS.
[Vol. XL.
but
cumulative
terest
payable
only
earned
if
that
;
and that
The affairs of the Philadelphia & Reading have com- certain rentals of branches shall be reduced
manded much attention this week. The annual meeting Central of New Jersey shall be given only such dividends
has been held, the year's report has been published, and as its own earnings suffice to pay.
Mr. Gowen agrees with the committee's recommendthe committee's plan for lifting the company out of its
;
difficulties
As
has been presented.
respects the meeting,
ations in the main, except that, in his usual sanguine way,
Considering the disasters he proposes that the Central stockholders be given 3 per
there was unusual^ harmony.
criminations and recrim- cent in cash regularly for 5 years and the remaining 3 per
company,
the
befallen
that have
lie claims, and advances arguments in supinations might naturally have been expected, but nothing cent in scrip.
kind actually occurred, and the ticket proposed port of his claim, that the result of the last year's operations
of the Central would be much more favorable if proper
was elected by a unanimous vote*
The report of course was not a very encouraging doc- allowance were made for terminals and other items. But
ument. It appears that for November (the returns for without such allowance, the leased road cannot show
there net earnings sufficient to meet fixed charges, let alone
published)
been
previously
not
which had
of dividends, the net having been $4,445,980 and the
sum
was a loss of net earnings in the large]
the
in
made
charges $4,806,420.
Then why not give the stock just
loss
$729,104 to be added to the
manthe
it
actually
earns,
as the committee suggests, creditconsequence
what
as
a
previous months, and
year
for
the
total
net
road,
of
course,
with everything it is entitled to.
show
ing
the
able
to
agers are
previous
in
the
not
Certainly,
it
would
be fair to the Reading bondagainst
$15,469,2.31
only
$13,519,202,
of
year, notwithstanding that in this previous year the Cen. holders, having a mortgage on the Reading property and
tral of New Jersey operations were included for only six earnings, to ask them to yield their interest, in wTiole or
of the
months, while in the present year they were included for in part, in order that dividends on the stock of a leased
With this decrease in earnings, road might be paid, especially as they had no part in the
the full twelve months.
the company had heavily increased charges to meet for making of the .lease.
rentals
New
and
interest (chiefly
Jersey),
on account of the Central of
And furthermore as to the committee's plan,
same being $16,874,453, said that the disposition of the floating debt is
the total of the
against $13,312,018, and the result
is
that there
a
is
defi-
ciency of $3,355,251, whereas in 1882-83 there had been
a surplus of $2,157,233, a difference in a single year of
$5,512,484
— a striking
asked
how much
of the difference of
difficul-
year,
it
may
be
ties
Would
it
to
them
to be
fore
The
$1,474,232 occur-
that
millions
tells
is
which
The
securi-
proposed to pledge for the loan,
though
bond
the
it is
be
placed
otherwise.
many
nominally greater in amount than the loan, have
us that of
5|-
The report
the deficit of $3,355,251 for the
could
were aggravated by
itself
the assumption of the Jersey Central lease, and
credited to that circumstance.
reasonable
be
—
illustration
inherent in the coal trade
may be
just as se-
fund the 23|^ millions of floating debt
into a bond taking precedence of the mortgage bonds
of the fluctuations and at least in the payment of interest
and if not, how
changes that are possible on the coal roads.
In the case of the Reading, however, the natural
ties
rious a matter as the scaling of the charges.
it
only
an
hardly
insignificant
answer
committee
if
after
in
for
the
concluding
of
and would there-
value,
required.
purpose
their
say
report
the acceptance of their funding scheme,
But that does not represent the full it shall appear that the
company cannot obtain
measure of the difference occasioned by the lease. In the money necessary to retire tiie .floating debt, " the
the previous year, as said, the road was operated for only " duty of providing the funds must devolve upon the
the last six months (the best part of the year) and the " junior security holders, the floating debt holders, the
Reading did not have to meet dividends on Jersey stock "stockholders and the deferred income bondholders, all
for a good part of the time, so that Mr. Gowen was able "of whose securities are necessarily in jeopardy so long
red on the Central.
report a profit to
to
the
lessee for
year of
the half
$633,482, and that profit was included in the surplus of
"as the floating debt
why
Precisely, but
remains unpaid."
should not these people provide the funds at
once.
—
Adding the profit to the loss of They have everything at stake the general mortgage
1883-4
in
and we have a total of $2,107,714, bondholders little or nothing. Perhaps if the latter saw
$1,474,232
as the change by reason of the Central New Jersey that the former were in earnest, they too would contribute
given.
$2,157,233
alone.
Hence, with the Central excluded, the difference
the results of
in
the
Reading
in the operations of the
two
years would be $3,404,770, instead of the
lions
now shown
and which
coal trade
is
—a
sufficiently big difference,
in great part caused
and the periodical
Taking the entire system
5-J-
towards placing the company on a thoroughly safe
mil-
HARD TIMES AND GOOD
however,
by the condition
basiSv
and yield the concessions in interest asked.
of the
ings of a prosperous " bear " are not very
restrictions in mining.
we
TIMES.
One cannot help wondering sometimes whether the
much
feel
like those
in good practice, during an unhealthy
There is something jolly and whole-souled about
net earnings of only $13,519,202, leaving the $3,35.5,251 a "bull," but who envies the man who is always a prophet
deficiency already referred to.
How to readjust the com- of evil, and who makes a profit of evil
The year which
pany's affairs so as to guard against a recurrence of such a has so recently closed has been a great one for the bears.
result is the problem presented.
The committee having From the lenders of money down or up— to the tioling
this matter in charge have recommended a plan, which the millions who work in the factory, or at the bench, or in
stockholders have agreed to, as indeed it is natural they the fields, the season has been one of discouragement and
as
it
stands, however,
see
that against charges of $16,874,453 in 1883-84, there were
of an undertaker
season.
'.'
—
should, since no concessions are asked of them.
The com-
decline.
mittee, however, have tried to
interests,
dends, interest
Wages,
—
grain, petroleum, railroad earnings, divi-
the proper order of priorities of each class of security."
have suffered a reduction. Now and
then there has been a spasm of recovery, to be succeeded
It must be
by another season of deeper depression.
Briefly, they propose that the general
admitted that the " bears
and they state that
shall
it
be
fair to
all
has been their endeavor to "preserve
mortgage bondholders
fund half of their coupons for three years
that
;
holders of junior securities shall accept income bonds,
in-
line of prophecy,
all
" have taken the honors in the
and those who accept their reasoning,
as well as the fact that they
have heretofore predicted the
J4NUA.RY
THE CHRONICLE.
17, 1885.]
75
Those who have money to lend find few who wish to
borrow, and the rate of interest is nominal.
Where then
"touched bottom," or that there is presently to be a is the evidence that the wealth which theory asserts to
years really exists?
reversal of the tendency and a testoration of what is have been accumulating in these
For proof that it is not altogether imagined we can point
called prosperity.
tendencies of the times accurately, will see in the present
situation of affairs nothing to indicate ,that wo have
Having more than once expressed the. belief that the
conditions are in many respects becoming steadily favorable for a revival of business, may it not be worth while
to consider for a moment what is the real and ultimate
effect of such a period of hard times as that of which we
hope soon to see the close. The fact is, we think, that
individual and aggregate wealth increases more rapidly
in seasons of dull trade than when business is active; and
that it is in good part this wealth becoming apparent and
Of course
tangible that makes the succeeding good times.
we
do not hold that the increase of wealth
when
nndiminishcd rate
trade depression
crops or of a great destruction
Chicago or the Boston
of
but that
fire;
is
goes on at an
particularly.
Owing
to
New York
the complicated
City
character of
modern banking one cannot say that a decrease of loans
means certainly a diminution of business indebtedness,
because
eral
it
are
may
only
mean
that
stocks
pledged as
collat-
margined lower, or that an increase of deposits
means a larger surplus of money at the command of
business men.
But we think no one can study the bank
statements without being impressed with the fact that the
customers of the banks, as well as the banks themselves,
have been gradually coming into a stronger position.
We
a result of bad
property, as by the
it
to the condition of the banks, of those of
do
not,
evidence that
however, rest upon that, or upon any other
is
now
to
be had.
We
do know that in
does so under such every case similar to the present a season of depression
The argu- has been followed almost immediately, the tide having
One
turned, by one of great and abounding activity.
products of labor. Agricultural crops, improvements of week the wheels of business seem almost to have stopped.
these are all forms of wealth, The next week they begin to revolve more rapidly, and
land, buildings, railroads
and in this country the chief forms. The products of the before one is aware of it they are turning at their maxiWhy is it? Does the country acquire in
soil, which are the foundation of all, have continued to be mum velocity.
It is but recently that a month or two more wealth than in as many years before?
of more than average abundance.
there has been any material restriction upon manufactur- That is what the superficial observer would suppose, but
It is the ofiice of prosperous times to
ing. Until within a few months labor has been in general it is not the fact.
In a consideration of the increase of bring into view the wealth which has been growing by
fully employed.
The process is simple
wealth the matter of wages has little or no place, because steady accretion in hard times.
The property created by labor exists, and all
the fact of their being high or low merely affects the dis- enough.
as those of the
conditions
ment
after
is,
all,
three
last
years.
Wealth
in a nutshell.
consists in the
—
We
tribution of wealth.
duction
consumable
of
may
say,
goods,
then,
that the
constituting
pro-
food and
gone on at a rate not much if any less than
from 1879 until 1881. But meantime
the consumption of these goods has been somewhat curThis of itself would have led us to the conclusion
tailed.
that the accumulation of wealth had been greater in the
clothing, has
that in the years
last three
same
years than during the preceding period of three
There
years.
is,
is
is
is
who has been growing rich during the hard times.
who has on hand a large stock of whatever he
may deal in, at the fortunate moment when the real value
however, other evidence tending in the evident
direction.
What
needed is that its worth should be recognized.
what happens when the recovery begins. UnsalIron turns out to be
able property becomes salable.
worth a dollar or two more than its former price. An
investment demand for stocks springs up, and the money
The value of all articles
to pay for them is forthcoming.
of commerce advances more or less, or rather its price
It then becomes
advances and its true value appears.
that
That
It is
the meaning, for example,
of the decrease in
the passenger earnings of the railroads, but that the people
as a whole have been
economy
in their travel-
of
he
commodities becomes the measure of their
price.
a correct statement, it follows that the longer
ing? Why should all the summer resorts have had an continued and the deeper the depression, not such as is
unsuccessful season in 1884, but that the people were caused by diminished production, or by destruction of
What
saving?
practicing
can be more conclusive as to the
self-
denial of Americans as respects foreign luxuries, than the
Why,
is
at
the greater will be the
fire),
but by general economy,
succeeding rise in prices and the
seeing that produc-
been substantially undiminished, and
cost of living
property (as by war, flood or
more active will business be during the process. The time
when the change is to take place involves a consideration
a minimum, should the holiday trade of circumstances and conditions which each man must
Why should factories that were not make for himself. We are all liable to be deceived; even
import trade?
statistics of the
tion has
If this is
that
the
have been so light?
able in 18S0 to supply the demand for their goods, now be the shrewd "bears" who have been so successful of late
running on short time, and even at that be unable to sell are not exempt from the comlnon lot. The man who
their product?
The lesson is the same in all cases. The guesses exactly right, and who buys goods just before they
people for some reason are spending no more than they actually rise, is he whose fortune is made by hard times.
are compelled to spend.
But
it
will
be said the people are really poor.
The
THE WORK OF THE RAILROAD COMMISSION.
The usefulness of our New York Board of Railroad
The tradesmen have Commissioners has been shown in various ways, and we
net been growing rich; sales and profits have been small, have frequently called attention to the excellent work the
it has been difficult to meet payments, and failures have
Commission have been doing. Not the least valuable part
been numerous. Neither are the farmers conscious of of their work is the annual report and the promptness
greater wealth, for if their crops have been good the prices with which it is issued.
The report for 1884, covering
they have received were wondrously low.
And the man- the second year of the Boards existence, has been subufacturers? They, too, complain, and more bitterly than mitted this week, and in its' facts and suggestions fully
wage-earner has not accumulated wealth.
Savings bank
deposits have not greatly increased.
any
others, of
small or
nil.
the hard
(Capital
is
times.
in
price of stocks has declined
Their profits have been
the same
case; the selling
and dividends are diminished.
equals the previous one.
The Board lays great stress upon the subject about
which we wrote last week, namely, the evils resulting
—
THE CHRONICLE.
76
[Vol. XL.
from the unlimited construction of new mileage. Refer- deliberation, after consultation with railroad officers and
ring to the fact that any thirteen men who can obtain other persons, has been adopted for the annual report,
per cent paid in, and will go into effect jn the current year, the railroads
subscriptions of $10,000 per mile, with ]
Respecting
they point, having already received copies of the same.
in
the
State,
anywhere
may build a new road
the
make
one
quarterly
returns
the
Board
excellent
power
"
this
delegate
thus
the
State
should
Why
edly ask,
recommendation.
They
claim, and justly, that the same
fregain,
private
for
mere
exercised
be
13
men
to
any
to
quently at the expense of vested rights and grave public publicity should be given to them that is now given to
""When the State has determined to exact the the quarterly reports of the banks, and that consequently
interests?"'
highest standard of service at reasonable rates of freight they should be published in at least one newspaper where
fare," they
and
if
go on to
say,
"it would certainly seem as
a corresponding obligation rested upon
it
to protect ex-
from useless and disastrous competition by
unnecessary new ones" a proposition which cannot be
They then picture some of the results of
controverted.
allowing the construction of new lines to go on unhinisting railroads
—
—how both
and new roads are reduced to poverty, how safety of travel is endangered, improvements
neglected because earnings and financial condition do not
warrant it, and how public convenience and accommodaIn our article last week
tions are necessarily disregarded.
dered;
old
company may
the principal ofRce of the
they submit an act
idea
regard
the
the
to
that the
Referring
banks.
may
stock of a road
the
to
be
With
be.
that
that in force with
similar to
require.xent
increased
only with
concurrence of two-thirds in amount of the stock-
holders, provided the Commissioners
give their written
approval, they suggest that the same safeguards be thrown
The Commissioners also propose
more fully the rights and interests
minority holders and providmg them with opportunities
about the issue of bonds.
means
of
for
for
protecting
condition of the properties
ascertaining the financial
which they are interested. While thus seeking in every
we dwelt more particularly upon the
way
capital,
and
10 guard the interests of those having investments in
of
needless
slaughter
from
the
trial system
this additional danger to the public weal in the operations railroads, they are not unmindful of their duties towards
Indeed, by far the greater part
of the roads themselves further enforces the argument the patrons of the roads.
of their introductory remarks is devoted to the subject of
against unlimited license m the building of new lines.
harm
The Commissioners
are
to our indus-
not oblivious of the need of
maintaining the supremacy of the commerce of the port of
in
accidents
and
and how best
collisions
to avoid them,
with
the safeguards and appliances to be employed.
rival
We think that our readers wiU agree with us that the
They Commissioners, judging from the work they have accomoppose all attempts at unwise restrictions and unnecessary plished, and the above suggestions and recommendations,
But while clearly desirous of seeing the rail- have advanced far towards a solution of the complex quesburdens.
roads unhampered in their work, they are anxious that tion of railroad supervisiou and the full and impartial pronothing shall be done to impair the usefulness of the tection of all the varied interests comprehended in the railcanals or prevent their exerting their full influence as a road problem. If the Commissionws keep on in their present
regulator of freight rates.
For this reason they are course they will soon be held in as high esteem and gain as
decidedly opposed to the policy of the railroads making enviable a reputation as the Railroad Board of Massachucontracts with the shipper by which he has to bind him- setts.
The question of restricting railroad construction is
self to send all his goods over the railroad lines and none particularly timely and pertinent, and will soon be pressed
by canal, and they advise legislation to prevent such con. we think upon the legislators not only of this State but of
The Board also condemn the practice of com- other States as well, as we suggested it should be. We
tracts.
New
York, and
made by
call attention to the efforts
ports to deprive us
of
some
our advantages.
of
pelling shippers to send freight exclusively over one road,
against
all
other roads.
The questions
now being
of rates and discriminations as between per.
sons and places, of course engage
ers' attention.
of
difference
The report
opinion
notice for instance that the legislature of Connecticut
on
much
of the Commission-
states that there has
these
but the Commissioners have
points
behalf.
over the people of other States,
And
it
is
before the
can be
CLEARINGS AND SPECULATION IN
Board,
come
is
that
in
confi-
dently predicted, will be heard from on the same subject.
been some
in the
unanimously
season
petitioned
1884.
Our weekly statements of clearings have indicated plainly
enough some of the more general features of the year's reAs however the future can only be read through
sults.
and as these clearings are in some particulars an
the
past,
for
to the
should be entire publicity of rates,
and that "railroads should not, as a general rule, charge
decision
"
that
there
more between a terminal and an intermediate
point,
charged exact reflection of the variations in business activity, we
such terminal and a more distant point, even have been at great trouble to collect the details and put
" though at such more distant point there be railroad or them into a shape which enables one to read them inteUi" a like class and
quantity of freight, than
is
" between
" water competition,
In our article last week on " Mercantile Failures,''
we briefly presented the leading features which have
marked the progress of the industrial depression of the
They do last four years and especially of the last year, so that we
deeming need not repeat the same facts here. On that point it is
unless railroads can aflBrmatively
" establish such circumstances governing such competition
" as justify the higher charge for the shorter distance "
which we must say seems entirely reasonable.
not recommend any specific rate-fixing legislation,
gently.
that inadvisable
until it is established that the proper of use only to say in this connection, that these figures of
remedies can not be found under existing laws.
clearings are simply illustrative and confirmatory of the
The system of quarterly reports, which has proved of recital of facts and conclusions we then gave.
such great service to the investing public, is treated with
wish it were possible to eliminate from our totals
We
great care, and some of the defects
have been taken to
make
these
explained.
Means
reports, as well as the
annual reports, more nearly perfect, and, referring to the
fact that some roads failed to comply with the request for
quarterly statements, the Commissioners suggest
penalty be
state
that
imposed
a
upon delinquents
new form,
^devised
that a
transactions which are wholly speculative, as the figures
then would represent more faithfully the true situation of
Such a separation can, however, he
legitimate business.
all
done only very roughly.
course chiefly involved in the
They returns over two-thirds
with much care and portance of the inquiry
hereafter.
The
New York
question, but as
of the
is
aggregate
is
of
New York
whole clearings, the imMost people do
readily seen.
January
THE CHRONICLE.
17, 1885.]
regard to the growth of purely NUMBEB
Wall Street and stock speculations
ANt>
not keep informed with
speculative business.
»re a feature so very prominent that the transactions there
are better understood but Cotton, Produce, Petroleum
VALDB OF RUABKS BOLD AT HBW TOSK STOCK aXGHAMOB.
rolu«j+
Prtc. UippT'xim'U.)
StOtkn,'
r«or.
77
Sttaru.
VolUMt
Av'ge
Btocki.'
Year.
Shara.
PrUt. (anir-xtm'U.)
72,766.788
86-86 4,180,683,870
1878....
88,876,698
6410 S,l6TJ«e,88t
18H8.... 116,807,871
06 18 7,689,408.486 vtm....
4t3nuwo
M^
1881.... 114,511,848
71
«S.0S9.8OU,000 1879....
1884....
96.154.971
1888....
97,040,909
;
and other exchanges are becoming quite as important an
element now; and in good part the latter speculative sales
have been the growth of a few years. As an illustration,
some
cant.
sales
Produce Exchange figures are quite signifiIn the following wo give the monthly and quarterly
of wlieat, &c., for 18S4, and the totals for the three
of the
gU.ES OF KLOUR, WIIE.VT, AC AT NEW TOKK PRODUCE KXCli\NO«'
ITwo clplieiM (OO) omitted from tlio flguros for Wheat, Corn,
OutB, Barley and Rye.l
Ftttiir.
Bbh.
Mi.iin
Juiuarr
rebruari
BlUh.
*Xolt
Btuh.
277,5
119.!127.373
249,700
24;!,5
151,083,820
15,809,0
177,2
27«,H
200,.V,I,S46
11,038,6
49.3
491,5
98,845.190
.->
0,491,0
352.6
108.5
99,481. :»7
.llS.ina
:M,42«,6
124.8.53,0
5t<.
15.425,0
"5,0
8.198.0
46,0
67,5
'ia.lSO.O
57,0
286.1
188,371,969
147.603.048
:«.'>.-2.W
113.9S9.0J
105,065.0l 33,009.0
8,030,0
9,104,0
374,0
181.1
I89,19i).747
->ii:t,iisl
105,400,0| 22.473,0
8,183,0
279,7
37,8
185,82-i,0fla
4i)ii.'->si
104.158,0
•25.819,0
9,949,0
887,3
•25,2
142.3()«,764
'84
•)« l,297.T4li
297,806,51192,858,0
38,124,3 1,155,8
74,804,0 88.3,9
'SI
783.:M<)
240.0I2.0'll7.655.4
36,338,6
M
•83 1.127.290
'84
iWl.iMS
473.509.5 l(i».a-«,0
61,020,0
25.821,0
aw
328,251.0 131.5.'*9.0
314,683,0 71,303.0
'83 1.271.
1883
1882.
•'
••
;»7.442,5
809.11! 15
93,086,5
soi.-ifR.o.
995.317
950.591
124,'i-*0,58«
355,312,1 12,3,519,9 •2,780,3 2,623,1 1,663,548,319
«d quarter
•'
11.534
8,993.0
Irt quarter
Totan884
17H.,>f
..1
3,.560,()1W 1,1«3,34'J,5
•S3
282.0
IS.I'JO.H
87.n
100.17.1.U,
:«4.ir,3
4Ui quarter HI
JImh.
334,6
Atunuit
quarter
Bmh.
6,783,0
Jaly
Total 1H84.
Buah.
13,916,3
219.720
827,708
....
Aiuh.
iw.'v'ii7.-a
.39.961,8
803,0
447,225,727
409,2
572,601,407
226,5 1,123,9
443,0 1,301,4
107,0
458,1
66,0 1,701,0
398,881,412
709,284,705
400.255.603
507,293,961
417,183,577
623,597,860
S3,'23n,0 1,241,0
244,1
62,417,0 1,174,7 1,220,5
425,175,0 134.333,0
3.560.093 1,183,342.5 388.312,1 123,519,9 2,730,3 2,623,1 1,663,548,319
4.e46,9» 1,524,745,0 023,668,0 241.202,8 3,567,6 4,632,1 2.41-,726,»33
046.4TO.5:445,172,3 152,637,0 1,700.0
5,1B6,455
5.19S.890
...
1881
48.8,.364.2
812,048,008
These figures are almost startling from their very magnitude.
Only think
of selling at a single
exchange
6,819,066,064
total xalog of stooki^
wo
1876....
also
we
find a
over 8 thousand millions in 1881 and less than 6 thousand
millions in 1884,
and making,
we double
if
lative
movements
hence
we may conclude
that the total
must have differed in about the
volume of purely speculative
commodities, being modified by hke influ-
So
ratio.
transactions in
the
also
Altogether then,
ences, varied similarly.
a part of the business of the
New York
aggregate and in proportion to the total than in the years
This conclusion
prior to specie payments.
clearings prior to specie
N. r. Clearing.
Tear.
Tear.
180.988,871,165
1879
1883
37,434,300,873
1878
1882
46.916,955.081
1877
»
..•.•,"..
wheat pro-
Taking the
change given
that has,
as
stated,
We
wholly within a very few years.
going back of
much
1881; prior
Even
smaller dimensions.
above, 812,048,005 bushels of
the total sales; the increase
kinds of grain covered
from that point was
rapid,
reaching the marvellous aggregate of 2,417,726,933 in
but
it
will be noticed that
the
latter
double the number of bushels sold in
bush-
is
too, is
not only interesting in
itself,
tide,
we
find
of those sales with this statement of
Stock Ex-
the indicator of
by a
comparison
clearings that the
not continue abreast
at the
with the shrinkage in transactions
Stock Exchange, because other kinds of speculation
did not begin quite so soon to develop and did not reach
their highest so early.
above,
it
will
Thus in the
table of breadstuffs given
be noticed that the aggregate
dropped to 1,063,000,000 bushels in 1884. Putting this
but as a representative of the speculations in commodities, and
a fair illustration of the growth in volume of nearly
speculative sales of commodities, except
business in cotton began
New York
is
ness year of 1881.
This statement
shares at the
the previous table as
speculative
19,684,393,198
22.475,359,339
sales, which were
more than only 1,269,000,000 bushels in 1882, nearly doubled in 1883,
the very good busi- reaching then 2,417,000,000 bushels and, receding again,
1883, then receding again in 1884 to 1,663,548,319
els;
rising
in
19,856^671,307
81,888,278,478
have no record growth in the latter from 1878 steadily kept pace with the
it was of very
former.
When the tide turned, the loss in clearings did
in 1881 according to the
all
the
sales of
CUartntt
t29.285,era,829
time
that
to
This
!
grown up almost
JT T.
1884
duction of the entire country, the actual receipts of wheat
being only about 60 million bushels
New York
since that time, as follows.
1876
too,
also further
payments with those of the period
1875
New York
is
enforced by a comparison of the figures of
49,376.882.883
a business
City exchanges,
cover a vast amount in the clearings, far larger in the
38,614.448,223
at
seems clear
it
that these purely speculative operations, which form so large
1880
is
and
bond movement and
outside stock operations
same
1881
total
the amounts,
increase and decrease concurrently;
1,524,-
was done in 1883, nearly four times the
8,868,008,688
very marked change in the volome
745,000 bushels of wheat (not including Hour) in one year,
as
6.3^20
68,813,987
take from the record kept by
of transactions from year to year, the total values reaching
1,289,2^2,8.748
62,705,8 2.067.4 1,619,1
233,839,0
69 60
97,919,099
3,601,280,819
ae,we,«eo Be-40 8,I9*,060,<OT
SB 8,107,506,408 1876....
a difference between the two years' exchanges of nearly 4-J
thousand million dollars. Of course as a rule general specu-
TuUI.
Rue.
97,014,5! 38,451,0
124,77S.0i 58.118,4
56,"-- ' """"7,0
253,511
November
December
OitU.
85,575,0! 25.179,0
310,(H19
October
Com.
ifl7.1>ft4
tUj
—
Barleu
irjuKrt.
514,3
806.9
April
September
...
TUe
6,960,809,061
tlie Journal o/ Comnifrce.
I Tt o values of sales ore tUc figures nifule up by The Public, except for
the last yeur and a part of 1883 which are our own.
*
Here
previous years.
18»t.
1880
64^81
all
the change in stock operations as representative of specula-
and comparing the dates of the two with
the
future
tions in securities,
somewhat earlier, reaching
1,209,-
above clearings, we arrive at a pretty fair explanation of
Furthermore, although] it
the changes which occurred.
that
149 bales in 1870, increasing to 13,548,203 bales in 1877,
and from that to 30,324,600 bales in 1881, then going would be purely arbitrary to fix through these data any
back again in 1884 to a total of 24,360,800 bales. But precise ratio for the total of this speculative business
the sales of stocks and bonds always make of course much (and we mean by that term all business where nothing ia
the largest single item, as the values are greater and each really bought or sold
mere phantom trading) yet there
transaction can only be settled by two checks in the would seem to be suflBcient in what has already been set
absence of any Clearing House arrangements.
We have, out to warrant the conclusion that, after allowing for the
—
therefore, prepared the following.
sold at the
Stock Exchange.
It
covers simply stocks
Bonds are not
included,
change in
prices, the last year's decline (1884) in total clear-
ings would be only
little
more than a measure
because the statements for previous years are imperfect,
and besides they have been comparatively small in amount
during the same twelve months
be indicated.
increase and decrease in 1884.
in this
of the decline
kind of speculation.
Turning now to the figures of clearings for the whole
and not in general speculative. There are also large transac- country, we give below each quarter separately for 1884»
tions all the time in progress in securities not on the to correspond with the table of failures given in our article
Exchange list, which of course not being recorded cannot last week, with the totals for 1883 and the percentage of
.
.
..
.
THE CHRONICLi;
78
during the
TEAR'S CLEARINGS— 1884 AKD 1883.
first
188!.
Tntal
Ctties litporting
Second] Third.hFourthi ntal
Qiuirt'r: Quarter Quiirt'r. Quartw] Year.
First
i
New York
i§g
1883.
'
t
9,225-8
3,628-3
6,266-2
822-1
6,846-6 30,985-9 87,434-3
Per Ct.
-17-2
3,243-3
46-8
55-3
Hartford
New Haven..
Portland
23-3
20-0
20-4
18-1
212-8
81-8
13-8
14-3
15-7
14-2
57-8
83-2
-8-4
—10-7
-8-5
11-8
45-4
47-9
-5-'-
-8-0
-6-7
-30-0
3,516-7
232-7
91-7
10-0
11-8
Worcester...
9-7
10-3
11-8
9-6
10-0
89-0
43-1
Bpringfield.
9-9
9-4
8-8
9-5
37-6
40-3
Lowell
6-3
6-3
5-5
6-6
24-7
85-3
Total
651-2
068-0
846-2
977-6
3,743-0
4,069-9
-8-0
676-4
690-9
140-4
2.520-2
469-3
161-9
14
678-0
99-2
160-9
2,811-8
1S3-4
161-2
574-0
96-3
631-7
697-3
-10-4
-5-7
—9-4
New Eagland
Philadelphia
Pittsburg
Baltimore
Total Middle..
Chicago
—
Cincinnati
Milwaukee....
Detroit
Indianapolis
Cleveland....
^t.
encourage the hope that the recovery will be more marked
as the year progresses?
RAILROAD EARNINGS IN DECEMBER, AND
FROM
Our statement
December,
is
the greater
JAN.
TO DEC.
1
quite favorable,
activity
and
31.
month
for the
of earnings below,
reflects,
of
as expected,
business that resulted after the
in
993-2
818-9
838-1
3,621-2
4,006-8
-9-8
592-8
516-4
2,2593 2,525-6
-105
fallen
1161
119-1
109-1
581-6
116-2
494-4
smaller now, and in not a few instances increase
450
41-1
46 6
33-3
83-6
34-8
143-3
20-0
19-8
14-8
18-6
133-6
73-2
240
28-3
25-5
27-6
18-3
17-9
17-7
106-0
89-7
107-0
15-8
12-0
10-8
10-4
10-9
44-1
50-7
-6-8
-0-1
-6-8
-21-8
-0-9
+10-1
—18-2
much
43-8
31-9
460-5
178-0
497-7
176-1
9.3-6
63-3
867-4
854-0
832-2
Louis
216-9
155-8
66-4
196-4
133-0
188-9
96-7
80-4
59-8
142-2
454-5
44-0
50-0
36-8
40-1
60-2
504
City...
Memphis
768-81
811-7
512-4
214-8
-9-8
-11-8
-1-5
871-0
785-2J
177-5
1.32-5
+.34-0
22-4
800
56-6
+8-1
453 9
1,688-0
1,787-3
-5-5
of
the
vember.
reported where
we had become accustomed
The improved character
decrease.
of the
to
is
seeing a
showing
in gen-
finds striking expression in the footings, exhibi'ting a
eral,
-0-1
3,854-0!
3,322-4
settlement
definite
loss in
Total Western..
Kansas
the returns
does not this
568-5
—
Louisville
And
new year should be improving.
971-0
Peoria
New Orleans..
not surprising therefore,
Presidential canvass in NoThere are many roads in the list that have
behind as heretofore, but the decrease is usually
.
Columbus
is
that event, that
-7 7
8521
56-3
841-5
54-4
7276
Providence..
Boston
It
away from
are getting
of the
two quarters
last
nearly 33 per cent compared with the
quarter of the year.
we
as
Tear
year in the
last half of the
the loss averaged
[Five ciplieiB (OO.OOC) omitted].
Clearings.
[Vol. XL.
earnings for the
month compared with
the previous
year of only $30,000, against a similar loss of $1,800,000
in November, $1,450,000 in October, $1,100,000 in Sept-
ember, and $1,300,000 in August.
more hopeful view taken of the future, and
somewhat the volume
140148-5
558-9
617-9
-9-9
129-4
1386
Ban Francisco
of business, giving the railroads a little more general and
43,918-3 5^570-21^14-9
Total all
12,603 3j 11,092-3 ).205-0 10,017
miscellaneous traffic, the month was characterized by
-8-5
3,377-5 3,3640 2,918,81 3,272-1 12,932-4 14,135-91
Outside of New York.
much the same features as its predecessors. There was a
This shows that the total clearings for 1884 in New York larger movement of grain than a year ago, but the indeclined 17-2 per cent, that at all points outside of New crease was exclusively in the item of wheat, and was
York they declined 8-5 per cent, and in the whole country moreover confined almost entirely to one section of the
14-9 per cent.
There was likewise an
Of course as stated we can not measure in country namely, the Northwest.
exact figures the purely speculative business so as to increased movement of cotton, but here also all sections
deduct it all; in fact, it is only the stock sales in New York did not share in the improvement, Te.xas being a conPassenger traffic was not as a rule
that we can reach in that way even approximately; doub- spicuous exception.
ling the values of them, however, and taking the amount large (judging from the meagre returns to hand), and
from the total clearings for the years since 1878 gives us quite a number of roads had, as heretofore, a smaller
the following results.
revenue from the same than in 1883. On the trunk
CI.EARISGS IS THE COUNTRY LESS DOUBLE STOCK SALES AT NEW YORK. lines, of course, the hostilities between the "West Shore
Total Southern..
18-6
12-4
484-6
406-0
344-5
Besides the
the consequent disposition to enlarge
.
•
—
Keiv York.
Clearings
less
Per cent Irx£.
Double
\orI>ec.from
Stock Sales. Prev. Year.
1884...
1883...
1882...
1881...
1880...
187»...
1878 .
.
-23-3
-21-0
-4-4
+32-1
+10-1
+34-9
-3-3
19,106,900,000,
24,912,680,000
31,588,093,000
32,981,887,000
24,076,228,000
20,062,833,000
15,544,181,000
Eelative prices
Clearings
Total
Clearings
Outside of
New
Country
York.
and
tfi
Per cent Inc.
the wliole
le^s
Stock Saks.
or Dec. from
Prev. Year.
12,932,500.000 32.039,400,000
14,135,900,000 39.048,580,000
1 3,8,'iO,9(Xl.00O 45,36H,993,000
'
13,908,900,000'40,«50,787,000
1
1,375,400,000 88,351.628.000
9,290,800,000 .30,253, 1,83.000
7,955,100,00a'23.499,201,0()0
we may attempt
-17-9
—13-9
-3-8
+29-1
+20-2
+28-8
-4-1
New York
There is no evidence, however, that
maintained
on these lines. The fol were
not
freight rates
lowing is our usual table, giving the earnings and mileage
to diminish receipts.
which can be studied
by the preceding remarks.
of each road,
Oross Earninffs.
of Road.
measure on another
1884.
occasion; but in the above
the totals show nearly 18 per
Top. AS. Fe. ..
year after deducting double the Atch.
*Bost. II008.TUU.& W.
Rap. & Nc.
values of these stock sales.
It is very interesting to note Burl.Ced. Paclflo
Canadian
the pretty close comparison between the total clearings in Central Iowa
cent decrease on
the
Central Paciflc
1884 and in 1879 and 1880, the speculative business which
we have remarked upon above, not having been developed
largely during the two years
mentioned and yet the
increase in 1884 compared with 1879 is all of it and more
too, at the points outside of New York.
Altogether then
we must
;
way we view
this center has been much the greatest
accept the
these clearings, that
last
conclusion, whatever
suSerer.
the panic, for
its
full
Chesapeake & Olilo..
Eliz.Lex.&BlgSau.
Ches. Oliio
&
So. W...
Chicago & Alton
& Eastern 111....
Chic.
Chic.
Milw.A St. Paul.
ChieaKO & Northwest.
Chic. 8t. P.Miiin. &0.
Ciu.Ind. St. L. &Ch..
Cin. N.O. iSiTe-y. Pac.
Alabama Gt. South.
N. O. & North East.
Vicksb. & Meridian
Vicksb. Hh. & Prtc.
Wash. & Bait ...
Cleve. Akron &Col...
Cin,
Probably that condition
it
is
the result almost wholly of
was here only that that
severity.
By
crisis
was
felt in
looking at the preceding table,
& Rio Grande.
Dcnv. & Rio Gr. West
Des Moines & Ft. D.
Detroit Lans'g & No
Evausv.&T. Haute
Flint & PereMarq...
Fla. K'y & Nav. Co...
Ft. Worth & Denver..
Deiiv.
.
.
.
where we give the
figures
for
this
year by quarters,
tlie
reader will have evidence in support of that assertion, for
will there be noticed that the falling off at New York
it
was very marked
after
the
first
quarter; and especially
in the light
afforded
OR088 EARNINGS AND MILBAOB IN DECEMBER.
Same
to
Central remained unabated, and operated
tGrand Trunk of Can.
Or. KRy Win. .fe St. P.
*
<
1883.
Decrease.
S
1,282.739
23,915
283,151
1,312,739
20,092
261,207
500,000
324,000
16,'249
118,237
1.868,458
1
1,615.000
291,38:^
03,456
140.030
«9I,919
132,899
2,221,000
1,922,700
443,030
201,121
;2.)0,169
147.375
93.154
02,793
55,550
107,638
34.236
413,924
97,444
29,435
77,867
56,906
1^1,703
101,985
25,289
1,290,407
26.705
itileage.
Iiicrcase or
306,385
51,530
126,211
749,220
110.040
2,150,912
1,760,556
412,937
177,395
231,687
108.995
56,932
66,753
20,357
154,306
33,816
494,120
07,802
31,716
108.703
61,710
199,6ti6
108,950
31,271
1,430.172
36.1'27
Onlv three weeks of December in "aoh year.
For four weeks ended December 27.
1881. 1883.
$
—30,000 2,3i0 2,219
8»
+3,823
83
821
889
+ 27,244
+ 176,000
2,794
1,931
.500
500
-1,988
-223,158 2.802 3,003(
502
502
-15.003
13*1
139
+11,926
398
393
+ 14,419
847
-57,301
847
251
-7,141
251
+ 70,088
+ 162,144
4,801
3,900
1,304
4,760
3,798
1,280
+23,726
—4,518
;:i2
342
338
296
198
141
73
281
144
+ 43
+ 38,380
+ 36,222
—3,960
+ 35,193
+ 13,332
+ 420
336
296
196
114
170
281
141
—80,196 1,317 1,317
368
368
+ 29,642
—2.281
113
143
260
260
-28,836
146
116
-4,804
361
361
—27.963
48S
498
—3,965
110
110
—5,982
-139,765 2.918 2,773
225
22.S
—9.422
—
..
January
17,
1
1885
THE CHRONICLE
]
road.
A
Do
Kan.
(Iowa
West..
194,H18
215,11)9
lIoiiKli-
Memphis A
Oulf
83,370
171.927i
1,279,375'
A On
11.301
lM2,3l;)i
Oliar'ton
A West..
Holilln
Nu.s1lv. Chat. A 8t. L.
Mllw. L.
80,005
285.986
197,512
233,023
8li.
AOhlo
Norfiilii
A
$
&
KiMitucky Ccntrnl...
Lout; iHlaiid
LoulsvllUi A Niiahv..
•Mani.
9
iia.'jool
lines).
A
Ft. 8.
('.
1883.
14I,J8S
1,OS7,100
Banta Pe.
Quit Col.
IU.Ceiit.(lll.ASo.l)lv.)
Inrt. Bloniii.
1884.
Wi'stern.
19>,623
1,021,574
158,754
202,811
203,298
58,555
154,748
1,272.924
12,049
150,719
75,529
2S9,246
£0t),09(i
232,752
62,863
856,184
60,847
361,022
35,207
ehoiiandoah Valley.
Northcni Paiilic. ...
•Ohio Ceutra;
Ohio A Mi8.tl»9iiipl..
Ohio Sontheni
Peoria Dec.AEvansv.
48,4.86
73S),.M1
Sti.OOl
61.9.JS
BloU. A Danville
Char. Col. A Aue....
366,710
331.640
77.914
Gr'v...
82..^90i
Colnnilila
A
50,216
314,007
47,316|
S3,09fll
GcorKla PaciWo
05.S70
83,0721
Bt.L. A.&T.H.m.llne.
Do do (hrauelies)
'•0.691
Lonls Ft.8. A Wich.
Louis A Shu Frau
Bt.Paul ADuliith....
St. Paul Minn. A Man.
Texas A «t. Louis
Tol.Ann A. A N. Mich.
Wall. St. XvOuU APao.
Wisoousiu Central
Be.
St.
36,133
37.',.578
.
114.510
826.293
121,358
23,500
1,148.383
127,991
19..598
1,518.287
117,798
Total (69 roads) ..122.681,192 22,718.080
•
581
1.520
+ 11,001
+ 4,815
+ 17,079
+ 6.451
-885
+ 31,5!ll
+ 13,476
402
044
380
220
352
402
631
380
200
S52
2,0651 2,065
+ 5,309
580,
502
2401
2,4531 2.392
2121
212
-46,115
616
+ 12.109
251
774
363
291
32,070
I
5,182
+ 17.0i0
+ 12.993
—2,829
313,
353I
+ 3,462
+ 6.195
274
294
-63.177
—13,117
— 1,U6
-45,802
+ 26,09"
+ 126,813
+ 17.733
+ 3,902
—69,901
+ 10,193
616
125
254
774
363
294
313
1281
—5,35^
-(
100
330
326
528
580
502
210
135
330
374
528
+ 271
58,8S3
118.443
33,781
89,085
136,249
74.103
40.279
421,180
88,113
G99.180
103,625
ll.'»,«14
3 7,24(i
Virginia .Midland. ..
Wei<t. No. Carolina.
Bocliestcr A Fittsb...
S31
1,667
-14,377
-116,610
65..'-.70
71,8761
1883.
-51,035
+05,526
—16,551
—7,893
-3,260
-12,487
3.53
238
2sn
195
195'
138
1821
100
742
801
225
208
1,387 1,321
735
735
102
102
3,518 3,518
411
441
138
-86.888 52,867 51,091
Only three week in Deccmher in each year.
It needs only a superficial glance at the above to reveal
that aside from
the
recorded
gain
was
lato season
[hereeua or
Deereatt. 1884.
79
probability of a larger
MUeage.
6rot$ Baming$.
yame of
1
company
of com (the crop of the
bo remembered, while the
movement
excellent,
it
will
only just beginning to feel
is
effects of that circumstance)
it
has
much
the beneficial
to support
it.
To the roads in the Northwestern section unaffected by the
movement of corn, the gain in wheat was of course an exThe St. Paul, which in
ceedingly favorable circumstance.
December, 1883, had an increase of $186,000 in earnings,
a further increase of $70,000, and
now has
its
present
$2,221,000 compares with but $1,397,000 only four
total of
The Burlington Cedar Rapids & Northern
and the Chicago St. Paul Minneapolis & Omaha both had
But the
gains in 1883, and now have additional gains.
years ago.
further north
we go
in this section the
The
returns seem to become.
in the
&
$2 ;,000, or 30 per
neapolis & Manitoba has swelled
of $120,000, though $54,000 of
what was
lost in the
The
cent.
its total in
this is
now
year preceding.
They drain the Northern
other.
has an
Paul Min-
St.
the large
sum
merely a recovery
These
probably had larger gains in the wheat
is
Duluth, which
previous year had a small decrease,
increase of
of
more favorable the
Paul
St.
latter
traflBc
roads
than any
half of Minnesota,
which
where the
the four weeks of December this year
in great part tributary to the port of Duluth,
receipts of
reached
wheat
as
in
much
as
2,391,138
bushels,
against
only
471,700 bushels in the same period of the preceding year,
by the Canadian an increase of 1,919,438
bushels.
With such
figures as
which has no particular significance because of these, no wonder the roads are able to report larger
The Northern
the heavy increase in mileage, only the roads of the North- December earnings than ever before.
west are conspicuous for any material improvement over Pacific should, on its eastern division at least, share in the
But here the increase is quite marked. To benefits of this heavy movement of cereah, but the figures
a year ago.
Pacific,
be sure, these roads were not as a rule distinguished for show a loss of $116,640, and the explanation no doubt is
heavy totals in December, 1883, but any gain at all now, the interruption to through traffic caused by snow storms
in the face of general business depression, is worthy of in Oregon, which blocked the Oregon Navigation lines for
Even the Chicago & Northwest,
reports
If to
nearly the whole of the latter half of the month.
move- the gain of 1,919,438 bushels in the receipts of wheat at
ment can we find the reason for the improved showing- Duluth we add the gain of 2,137,037 bushels previously
The Chicago & Northwest., as we have heretofore said, is reported at Chicago and Milwaukee, we get a total gain of
very largely dependent upon the movement of corn. It is 4,056,475 bushels, which is more than the increase in
also so situated that it does not get as much benefit from the the movement at all the ports in the aggregate, showing
movement of spring wheat as the St. Paul. Now, up to that there must have been a decrease at some of the ports.
December the loss in corn was heavy and the Northwestern And this is borne out by the following statement in our
careful analysis.
a heavy
increase.
It is clear that only in the grain
suffered correspondingly, while the St. Paul suffered not at
all.
In December, however, the loss in corn seems to have
usual detailed form.
RECEIPTS FOB POUK
been comparatively small, while the gain in wheat was
not only fully as large as in the preceding months,
but
Com
even
For
larger.
instance,
the
receipts
of
fell off
only
Flour,
Chicann—
Chicago for four weeks of December
586,000 bushels (wo are talking of the movement in gen-
and not that over the Chicago & Northwest alone)^
while the receipts of wheat increased 1,686,000 bushels,
to which Milwaukee added a further increase of 451,000
bushels that port receiving scarcely any corn.
Hence it would seem that the Chicago & Northwestern
must have had a relatively better movement of corn than
eral,
—
previously, while at the
same time there accrued
to
it
a gain
in wheat, which though smaller than on the St. Paul,
yet have been considerable in amount.
must
It is likely too, that
the loss on the Peninsula Division of the road
(in the trans-
cent) which the road reports.
comes
after a loss
This gain,
it
should be
of $66,000 in December, 188.3.
It is
claimed that the road has now passed through the worst
period of its year, and that henceforth the exhibits will be
quite satisfactory.
As
far as that claim is based
upon the
41,567
85.B75
680.015
514,910
67,088
567,773
8,432
4,001
114.861
1,139,468
136.223
38.050
17.740
246,630
1»7,084
49,738
124,270
I,091.H60
1,542,933
89.178
113,218
574.001
600,038
"s^.ai7
3,804
41.493
18.994
296,661
172,886
1,976.000
1.N26,700
17.175.385
10,238.608
6,752,571
0,184,759
212,816
521,870
8,712,400
0,830.989
67.20.)
138.550
177,000
1
18S4'
4wks.,Deo., 1883
Since Jan. 1, 1884
Since Jan. 1,1883
06,756
112,330
1.401.704
1,571,217
.320,066
888,010
Toledo—
Dec.
1884
4wks., Dec.
Since Jan. 1,
Since Jan. 1,
Detroit4wks..l)ec.
4wk9., Dec,
Since Jan. 1,
Since Jan. 1,
1883
18+1
1
1883,
1884'
18831
1884
1883,
CleveViTid—
Peoria—
Dec,
Dec.
Dec,
of
1,
1,
15,311
677,008
18.810
103,414
120,248
1.007.538
16.205,400
16,815,137
0.302
18,228
12!.OaO
172,151
206.891
456.330
7.787,555
6,832,525
13.717
8,580
!54.7;w
131,8:6
142.R00
18841
l.-Wa
1883
1881
1888
3,673
4.023
53,107
67.626
1,821,646
840
780,800
591,250
4 wks..
8W.i67
4wk.s..
4 wks..
786.471
854.805
Dec. 1884
Doc, 1818
Dec, 1882
Slnoa Jau. 1. \»M
:. lH'-'3
1. 1S«2
40.401
2.311,704
7rl7,50»
2,laJ,!lO»
1,068,282
73.000
32.850
1.182.026
1,003.814
18.450
41.400
859,200
485310
M.oeo
530,180
752,00.5
g,491,0i0 13,095.88t
9,336,875 11,488,880
583,700
7X1,600
634.170
333,017
46,658
73,808
46.:(00
' 3,106
19,783
19,000
68.000
eooMS
i.o«8,oas
S,.1U1.138
n«-
Since Jan.
SInm.Inn.
148.005
263,2^0
1,618,588
13.001
1
4w«9.. Dec. 1881
4 wks.,
4 wks..
073,850
203,690
257.475
2,586,577
8,847,098
2,331,838
823.223
74l.l:M
13.881.908
13.650,336
Louis—
4w»«.,Doc,
St.
Tnua
(buah.y
37,640
82.330
835.468
618,707
2.708.4 16
2,831,230
Slnoa Jan.
Since Jan.
Rye,
(btuh.)
438.197
751.338
4.701.207
6,173,711
44.160
800.430
4 wks..
said,
Bar(*y,
134,407
447,244
3,171,518
6,865,943
2.100.51:5
4 wks..
4 wk»..
1.
1.046.020
6.207,005
7.961,088
3,704,000 1.574,123
4,290,708 2,463.506
58,607.760 37.056. Ji22
74.100,213 36,363,712
1 .640.220
10.760.044
8.0S7.810
Milivaukee—
4 wks., Dec. VSM
way we
In this
are able to understand the gain of $162,144 (about 9 per
OotJ,
(bush.)
317,448
l;72.t}05
Dec. 1883
81no3 Jan. 1,1884, .S.SS^lOl
Since Jan. 1, 1883 3,348,411
21>7.1'0«
Since Jan. 1, 1884
Since Jan. I. 18831
Diituth—
4wk».. Dec, 1884
responding month of the previous year.
(biuh.)
4.729.580
8,043,800
20.233.111
19.5e3,;64
87.i.758
4wks., Doc; , 1883
Since Jan. i.iasi'
Since Jan. 1, 1883
is
Corn,
(biuh.)
3.28C.534
8,185,810
no longer a very important factor,
since the influences diminishing the revenue on that di.
vision had already exercised considerable effect in the cor.
portation of ore, &c.)
Wheat,
SINCE JAN.
!
Dec, 1884
4»lt8.,I)eo..l883
Clnco Jan. 1, 18M4
Since Jan. t, 1S8S
4 wks..
at
WEEKS ENDED DECB.MBEH 27 AND
0.442.!<66
e.ie.\n20
8.7IVH.7I1
471,700
13.564,028
6,005,140
"858
'aS.'ios
103,360
18.913
1.S0I.893
2.211.818
1,908.944
IS.107.972
0l.«.'SO.OI9 01.183,001 63,200,933
74.7M.072 114.031,500 60.n68.70» lS.e90.7«
8i.5in.nB4 .VI.Pta,7^> l3.0»U.rt<«
11.179.678
7.459.721
8.667.008
e.601,019
7,791.106
S.650.786
8.783,652
a»40.3S4
4M1.460
971.518
B45.S18
5,OSO;05S
7.836.S5S
awa.flis
—
.
THE CHRONICLK
80
[Vol. XL.
wheat records an increase better results. Where there is a decrease it is usually
spring wheat because of some special circumstance or circumstances.
points records an increase of 4,056,475 bushels; hence Thus the Chesapeake & Ohio and the Shenandoah Valley no
in winter wheat there was a falUng ofl, and the statement doubt suffer from depression in mining on their lines, while
shows that Toledo and Detroit were the principal sufferers the Cincinnati New Orleans & Texas Pacific probably lost
In corn, St. Louis is the only port that somewhat by reason of the contest with the Louisville &
in this falling off.
Nashville on rates, though neither the latter road nor the
and in the smaller grains
has enlarged receipts,
there is also a pretty general other lines in the Cincinnati system seem to have been
oats, barley and rye
Thus the
entire
movement
of
of only 3,719,957 bushels, while that of the
—
decrease
through the
all
this
it
is
apparent
outturn^
splendid agricultural
notwithstanding the
that
the roads in the
From
list.
district east of
the Mississippi and north
of the Ohio, comprising the States of
Illinois,
Ohio, could not, except in individual cases,
As far as the cotton
affected by that circumstance.
movement had any influence upon the earnings of Southern
much
roads,
favor of
already said, in
was, as
it
larger
totals
Indiana and pretty nearly everywhere except in Texas, and the followhave had an ing table gives the receipts of the staple during the month
augmented crop movement in their favor. Kemembering at all the principal outports, in comparison with both 1883
this,
and also that in this section manufacturing and 1882.
it BBOBIPTS OF COTTON AT SOUTHERN PORTS IN DECEMBER, AND FBOM
depressed,
greatly
are
abound and
industries
JAN. 1 TO DECEMBER 31, 1884, 1883 AND 1882.
wiU occasion no surprise that many roads again
behind
fall
in
1883j
ago
this
earnings,
in
having
after
fallen
and that others that fared well a
The returns on
year have fared not at all well.
and we have some roads
Among
sults of 1883.
Indinapolis
St.
that have
these
Louis
improved on their rebe mentioned the Cin-
may
& Chicago,
Cincinnati
the
Washington & Baltimore, the Ohio Central, the Ohio
Southern, and the Cleveland Akron & Columbus. The
Chicago
&
Eastern
Illinois,
Indiana Bloomington
the
&
& Western and
the Evansville
Terre Haute,
the Alton
Terre Haute roads have a decrease, the most of them,
Galveston
Indianola,
is
Brunswick, &c
.
Charleston
Port Royal, Ac
&
117,214
1,384
780
395,559
84,933
7,773
123,745
87,823
Wilmington
Morehead City, &c.
Norfolk
West
88,9(11
410,718
69.475
28,135
132,568
1,140
Savannah
Point,
&c
1883.
1888.
521,963
628,995
17,8«J
3,577
10,969
829,588
13,048
329,027
1,525,588
1,897,626
1,196,901
60,651
235,566
69.841
297,257
721,36!
783.377
6,722
501,057
27,603
114,890
19,647
736,082
282,805
17,871
758,064
145,769
3,955
147,407
388
1,319
85,102
103,241
10,18»
531,611
.8,084
4,843
2.855
7,817
u,»a
3,088
181,039
48,«3J
25,818
5,570
145,362
47,538
87,756
3,618
588.055
296,781
0:8,055 1,021,889
4,625,1&»
76,054
1,050,543
With December we have
1.
1884.
16,575
139,030
Total.
too,
that on the Alton
&c
Orleans
Mobile
Florida
year,
The most conspicuous decrease
bales.
New
&
after a falling off in 1883.
1882.
1884.
year
the whole, however, are more irregular than heretofore
cinnati
Smce January
behind
10.288
34,52?
5,870
514,390
17,438
121,067
21,(»4«
239,074
703,466
209,882
5,501.670
4,496,108
the full twelve months of the
and in reviewing the earnings for this period it goes
was not a favorable
of course without saying that the year
or the results
Terre Haute, with earnings of only $83,072 for December,
one, either in the conditions that prevailed
1884, against $136,249 in December, 1883, a contraction of
it is
months yielded pretty
generally unsatisfactory returns. The crops of the previous
year (including not only grain but also cotton) had been
suggestive of what the course of business must have been on
poor and had been rushed rapidly to market, mostly before
As
$53,177, or nearly 40 percent.
a through route to
the great trunk
the
St. Louis,
lines.
Grand Trunk
this
To the same effect
of Canada,
road forms part of
the heavy contraction on
is
the statement of
though here the
On
ratio of loss
Grand Trunk, however,
the present loss comes after a heavy loss in 1883, while
in the case of the Alton & Terre Haute there had been
some increase in the previous year. The Illinois Central
on its Iowa lines has a decrease as heretofore (probably
because of a diminished movement of corn), but on the
main division (including the Southern line to New
is
only about 10 per cent.
cent.
This
of
it
The
first
six
the close of 1883, and this left but a comparatively light
movement to go forward during
Then general business was not
the early
at all
up
months
of 1884.
to expectations,
and manufacturing and mining was everywhere depressed.
Prices for all kinds of commodities and manufactures were
very low, leaving but a narrow margin of profit or none at all,
and this compelled retrenchment and economy to an extent
that had a very important effect in diminishing the volume
of traffic over the railroads and also in reducing passenger
an increase of $65,000, or about 6 per travel. This was a prominent feature of the situation even
main division, though, sustained a loss of before the May panic, but after that crisis it was of couree
Orleans) there
^155,000
the
that they produced.
is
and the recovery of $65,000 more marked, and caused heavy losses to many lines.
ascribed in good part eo
Besides the stagnation in general business, and in great
its cotton traffic, as the road part, no doubt, as a result of this, the roads were all the
in the previous year,
in the present year is to be
doubt to an augmentation in
delivered 9,704 more bales of cotton at New Orleans than
in the previous December, and also carried 24,447 mor«
bales north from Cairo.
The roads runniag Southwest either from Chicago or
— not only
— with a
consequent
demoralization of rates and loss of earnings.
The most
time quarreling
or
but
that,
serious
affairs
among themselves
all
of
over
the
the
in this section
country
kind no doubt were the troubles
in previous reviews, no longer prove among the trunk lines (the differences between them
a general rule of decrease elsewhere, and leading to cut rates as low as 10 and 12 cents per 100 Ibe.
for December the Chicago & Alton, the St. Louis & San from Chicago eastward several times during the year), «md
Francisco, the St. Louis Fort Scott & Wichita, and the the fight between the Union Pacific and the Burlington tf
St. Louis, as stated
an exception
to
Atchison Topeka
&
Santa Fe,
record reduced
totals,
Quincy on Colorado and Utah business, which extended
Gulf has a gain. The through the early months of the year. But aside from
Texas & St. Louis, a narrow guage road running down these, there were pool difficulties nearly everywhere,
into Texas, has quite a noteworthy improvement, but thongh fortunately they were usually adjusted before
whether this represents new business developed by the much damage had been done. In passenger business as
road or old business taken from the Gould Southwestern well, there were serious complications, and on the roads
all
while the Kansas City Fort Scott
lines
we
cannot say.
The
&
increase certainly
satis-
between Chicago and Missouri River points rates for a
factory in view of the failure of the cotton crop in Texas,
the effects of which are clearly shown in the falling off on
down to pretty low figures, while the disturbance
between the West Shore and New York Central, which
broke out in all its fury in October, and was prolonged aU
is
very
& Santa Fe. In the South, the returns
are qiiite variable, but on the whole are in the direction of
the Gulf Colorado
time were
through the year
a,nd
up
to the present time, with rates
—
January
....
a
I
*
THE CHRONKXK
17, 188C.]
cut from $20 to $9 and $10 for a passenger from New
York to Chicago, was of course tlie distinctive feature of
movement
and 1884, we may say that the receipte
towns of the West in the latter
of 1883
of the cereal at the intenor
year were only 94, 183,901 bushels, while in the former
and the Cincinnati year they ha<l been 114,931,590 bushels, or 20 J million
Southern or Erlanger system became involved in a bushels more, about three-quarters of the falling off having
On the other hand, the receipts of
dispute as to freight rates, which is also unadjusted up to occurred at Chicago.
Taken altogether, there probably never wheat at the same towns were 91,250,919 bushels in 1884,
the present time.
was a year before when the railroads were so much at against only 74,755,972 bushels in 1883, and the gain was
loggerheads as this, and when pools were in such a gener- almost exclusively in spring wheat, Duluth showing the
If to this we add that only in a largest gain and Milwaukee and Chicago making up the
ally chaotic condition.
few special instances did managers effect any saving in rest.
Southwestern roads were distinguished through the
expenses, and remember also the disturbance occasioned by
brought
business
nearly
greater
part of the year for the generally favorable charwhich
to
election,
I'residential
the
the
year Southern roads
close of the
Towards the
1884.
mainly
Louisville
&
Nashville
—
a standstill for the time being, the reader will readily acter of their exhibits, at a time when all other roads
understand why the year was in all respects such an unsat- were showing the effects of industrial depression but in
the closing months they too fell behind, though on the
isfactory one.
;
We
have not the space to enumerate the causes at work in whole they return larger earnings than in 1883.
This
each special group, but perhaps the most unfavorable returns relates more particularly to the roads running southwest
between from Chicago, or through Missouri and Kansas. The systems affected by the diminished movement of cotton in
traflSc
from the crops, the depression in general business, the Texas of course are not included in that statement. These
diminution in export business, the increase in the hnes did poorly. In Ohio, Illinois and Indiana the returns ha^e
The poor crops of 1883 haS
competing for public favor, the intense strife between been quite discouraging.
are
made by
great trunk lines
the
—these are
them
I^ayed.
Next
to account
sufficient
running
The small volume
Chicago and the seaboard.
of
for the results
dis-
the trunk lines, the Pacific roads are
to
during the
their influence
the year
in
later
first
and though
was a
industries were
half of 1884,
the present season's out-turn
The North- favoring circumstance, manufacturing
group, in such a gloomy state that no recovery in railroad
Michigan roads also make a bad
because it was a new line, with a large increase in mileage, traffic was possible.
which was sure to give it considerable additional traffic in showing, stagnation in the iron and lumber trades ^the
any event. But the Central Pacific and the Union Pacific latter more particularly since the panic having had an
sustained very heavy losses, and all the minor systems adverse effect on all lines. With Southern roads the cotton
forming links in the through systems notably the Den- movement is a very important factor, and of this staple the
ver & Rio Grande also suffered very heavily.
Special receipts at the outports during the calendar year 1884 were
entitled to distinction for their poor exhibits.
ern Pacific of course
an
is
exception in
this
—
—
—
—
aggravated the bad
which these roads had to contend
as for instance the Central Pacific was twice visited by
floods on its Southern lines during the year, and the
Union Pacific and Denver & Rio Grande encountered
great obstacles from snow for several months early in the
year but in general it may be said that the opening of
adverse influences in several cases
only 4,625,184 bales, against
situation of affairs with
contraction
—
—
new
routes,
the
falling off
mining
in certain
chiefly
responsible
of these roads.
As
sections,
for
the
in
b\isiness, the
collapse
and reductions in
of
rates, are
876,392
was very unfavorably
roads, which had to fight
is
the coal
against constantly increasing depression in manufacturing
and though with the exception of the Reading
none of these furnish any periodical returns to the public,
circles,
the exhibits of that road were sufficiently eloquent as to
—
OBOSa EAKNIHOB FROM JAUUABT
Name of
1881
Road.
Atch. Tor. & Simta Fe..
•Boston Hoosac T. & W.
Burl. Cedar Rap. & No..
Canadian Pacific
C'begaiieake
A
making due allowance
for
the
fact
same character
Ohio
Lex.ABiKSandy.
Ches. Obio AS. W
Eliz.
A Alton
A Eastern Illinois.
Chicago Mllw. & Sl.Paul
Chicano A Northwest
Chic.St.P.Minn.AOmaha
ChicaKO
Chic.
that
doubtless the
Reading suffered most from the policy of periodical
A
Cin. Ind. St. L.
Cln. NewOrl.A
Chic...
Tex.Pac.
Alal>aiua Gt. Southern
re^
New
Orleans
Vlcksbnrir
strictions of production.
A
A Nii. E.
Meridian.
Vlckslmrp 9h. A Pac.
Cln. Wash. & Baltimore.
Northwest did not do well early m the Cleve. Akron Col
tDenver A Rio Grande..
half, under the exceptional yield of Dea Moines 4[ Ft.Dodf^e.
Detroit Lansine A No.
spring wheat, they made heavy gains, and in nearly every Evansv.
& T. Haute
case retrieved most of their early losses. This does not apply, Flint & Fere Marquette.
Florida R'y A Nav. Co..
however, to the roads chiefly interested in the iransporta- Ft. Worth A Denver,
in the
Jfc
year, but in the last
.
. .
tOrand
Ti-.
of
Canada
.
com, which are mostly located further to the south Green Bay Win.* St. P..
Gulf Col. A Santa Fe
of the district where the production of spring wheat was ni. Cent.(Ii!.line ASo.D)
Do (la. leased lines)
heaviest.
The Chicago & Northwestern is a good instance Indiana Bloom. A West.
Kan. City Ft. 8. A Gulf..
of this type of road (though it also lost on its Peninsula Kentucky Central
Lake Shore A Mich. So..
tion of
.
division because of the depression in mining).
The corn crop
was poor, while that of 1884, though excellent, did
not come forward in time to count to any extent in the traffic
of 1883
•
f
As showing
the difference between the corn
. .
Long Island
LoolsvUle
A
16,339.540
434.93.^
2.79e,459
5,914,01'
1,4'22,703
Central Iowa
Central Pacific
. .
the course of affairs on other lines of the
of the year.
—
rest of the country.
Nebraska,
class of roads that
affected during the year
The roads
bales in 1883
bales,
1
TO DBCBMBEK
31.
the year closed, the Union Pacific had
but of course that was not a circumstance with the other
Another
—
diminution of the earnings
a favorable factor in the large crops raised in
lines.
5,601,576
which of course was not
Besides this, some of these
conducive to larger earnings.
roads notably those running through Virginia and West
Virginia have suffered from the closing of iron and coal
mines.
Roads like the Louisville & Nashville have, of
course, been affected chiefly by the generally unfavorable
condition of trade, in which the South has shared with the
of
Nashville..
22,108,134
3,521,076
760.499
1,37«,997
8.707,491
1,552,217
23.473,000
23,365,700
5,768,528
2,432,808
2,592,879
1,155,136
532,925
504,660
291,666
1,780,704
477,837
5,918,009
354,029
1,318,080
750.811
2,249,706
983,322
459,252
16.947,997
324,125
1,761,835
1883.
15,909,410
332,759
2.846,772
5,283,021
1,307,103
24.744.420
3.906.793
713.103
1,322,455
8.810,610
1,656,56^
23.659.818
25.024.063
5.515.285
2.482,824
50,313
630.989
115,600
2,636,386
385,717
47,396
54.542
103,119
104,350
186,818
1,656,363
253.243
50.016
3,316
83.3071
1,071,829
176.919
366,000
527.450
139,700
151.96«
22,790
1,929,258
14'8',5M
523.863
6.321.978
341.931
46,026
903,969
12.095
1,5S5.'246
732,1.50
18.661
2.640.9::S
2.!127.=)31
2,395.S43;
1,99.^.612
838.975
18.513.656
2,704,000
13.649.7131 14,170,248
267,166
303,202
18.329
72,354
2,151,945
86.49T
359,605
533.629
321.062
286,593
400,231
79,772
3,611,li0«
61.498
Includes thrte weeks only of December !n each year,
Not IncludinK Utah lines after July 1 In either year.
(To December 27.
Decreate.
9
430,100
102.176
2,596.19.1
2.552.908
964.993
386.898
19.099.942
410.622
2,124.440
10,.=>06,006 11,039.635
2,025.110
1,704,048;
913.747
14,902,000
2,765.498
Inereate.
S26',585
1
.
—
a
i
.
1
THE CHRONICLE.
82
Name
of Xoad.
Jan.
Increase.
1883.
1S84.
[Vol. XL,
1 U)
Nov.
30,
Operating
Gross
Nel
Net
Earning. Expenses. Earnings. Earning. Earning.
Gross
& Ont.
'Marq. Houghton
812.644
11,721,000
1,104,059
2,161.761
Central
Micliis?iin
Mllw. L.Shore & West'n.
Mobile .feObio
Nasbv. Cbatt. & St. L...
Norfolk & Western
Bbenandoab Valley
Nortbem
.
2,358,6.S2
2,697,072
732,437
12,594,63
..
Char. Col. & Augusta
Col. & Greenville
Virginia Midland
West. Nor. Carolina..
Eoche8ter& Pittsburg.
8t.L.A.&T.H.niain line.
Do do (branches)
St. I>. Ft. Scott & Wicb.
St. Louis & 8. Francisco
Paul&Dulutb
29,788;
U5,«02
121,828
1,5510,099
1,686,1021
440,122
1,147,498
740,20ti
382,037
670,946
1,484,070
832.467
482,100
4.644,379
236,712
1!>5,S83
3,904,772
739,607
1
,320,73
1,434,126
•Includes three wefeks only of December
in
new proof
offers
of
that prevailed during that
52.155
48.996
96,093
200,368
92,261
in
212,032
2,601
1
1884
1883
Rome Wat. 4 Ogdensburg
as a result of the excite-
view of the unfavorable
it is
scarcely
is far from satOnly the Rome Watertown & Ogdensburg, the
Northern Pacific and two or three minor roads record
larger figures than in 1883, as will appear from the follow
isfactory.
ias4
1883
1884
1883
1884
1883
CljlCHgo
1884
&
742.«,<W
SOS,ai;0
107.770
174,963
106.882
133.234
276,079
345,300
197.210
213.216
78,809
132,060
1.401,9-32
l,536,!n4
2T4,1S2
90a,U16
;
to
&
Kllzab. Lex.
18«4
*
t
15,060,R01
14,596,701
7,211,411
7,yS0,MI0
2,508.008
2,585,56j
800,9Sli
&,
Chicago Burl
&
* yumcy—
Ft.
71.228
B8,0S1
42.937
41.69;:
897,043
081,673
138.BP8
132.812
84,948
97.508
54,045
85.301
1,236,S8'
.S0I,817
1,198,3J4
279,852
lfltl..iJ13
184.445
139,661
71,808;
71,803l
2,531,687'
832,723
211,264
2,305,429
S4'),795
2.283.891
2,662,773
1,088,845
1,074,709
& Georgia—
26.868
9.8P4
7,749
a24.59«
310.218
95.374
83,012
230,535
225,849
149.815
183,816
3.818,810
3.769,330
1,3.52,471
18,970
20,87S
433.9(!3
203,070
43.381
17.294
18.503
289.142
30U,2U6
224.372
23S,269
0i,770:
121,911
55,3I»
C«,liO
3S,.S10
17,0
41,0^1
18,129
3,563
6,464
.18,57J
,
1,145,046 2.S.42?.313| 11,C87.083
1,488.064 23,939,450 12,157,918
24.1 r.o
* Denver—
1884
Grand Trunk of Canada—
& Or. TrunkHaven & Mllw.—
18t'4
21,061
17,511
1883
25,a()3
18.799
(
57.797
44,499
Kentucky Central1884
1888
*
81,965
,
XiOulBVllle
1884
1.199,196
1883.
Mobile
1,307,3«-1
*
1884
1883
25.S.a32
& West.t-
1884
1888
& New England-
1884
Horfolk
280,062
1884
1883
&
3
t
24,168
28,752
676,9^9
771,765
622.607 12,370,338
635,829 12,897,3SM
5,245.1 13
139,586
141,383
113,788
138,729
1.875,779
1,977,390
443,047
80:, 501
487,824! 18,792.9.35
703,078] 22,065,137
4,622,2!)5
7,061,837
267.909
68„30S
42,183
3,007,032
8,411,835
082,381
626,650
244.810
271,177
129.742
142,555
115,068
128,622
2,464,049
2,570,922
1,078,879
1,216,327
474.805
638,094
281,808
198,497
165,707
6,079.609
5.67S.079
1,904,365
2,23;,145
1,116.879
1,376.022
618,.''62
49S,027 11.855.076
546,240 9,292,880
6,032,148
8,094,057
00,700
114,174
61,962
81,716
188,11
87 0,38'
729,782
28,748
52,458
earnings and entire working expenses of the
Ohio llaihoa* f»r the whole of this year and after
t Including 89 per cent of
York j^nnsylvan'a 4
4,766,887
251,420
810,092
California-
18i'4
188»
»
3('5,355
884,973
Northern Central—
Oregon
1,097,451
780,420
Northern Paoiflo—
1884
1883
888,134
3,571,976
8.'i5,3'
1,703,338, 1,215,514
2,180,982 1,477,904
& Western—
1884
1883
£
3,l!i3,280
oiiio^
N. T. Lake Efie
N. Y.
78,'.!51
& Nashville—
1,577,071
3.'55,62'
1:
1884.
1883
Det. Or.
203,372
34,1 17|
8?0.IS0
ChiOHKO
ICSf
2.37,413
,S3.73Jl
40W.«iB5
1883
971.tlia
l,26S,:l8i
28.991
13,359
Dodge—
1884
1888
XfBstTeuD. Va.
I8f?B
3,800,4.;8
774.5.-,!
Chlc-
18(3:
ISS?
Sea Mclnea &
1884
1883
3,229,091
South West.—
Cln. Ind. St. Louis
1884
Fort Worth
'
Big Sandy-
1883
Ches. Ohio
J884
1
Nov. 30
Qross
xVet
Earnings. Earnivg?.
Chesapeake & Ohio—
1884
1883
1,645,577
1,758,585
1,152,084
1,303,880
155.975
151,461
87,509
2,426,771
2,625,889
1,142,458
1,409,071
B4,ia5
107.267
44,407
50.952
2,085,63S
2,498,001
«
1,371,075
1,350,377
156.577
145,021
93,828
80,'«9
03,249
84,792
335,241
438,112
160,205
215,583
175,036
220,520
2.320.280
2,098,119
1,144,441
49.940
78.353
25,786
35,551
24,154
42,802
370,101
491,757
151,665
208,937
81,015
132,247
43,663
53,808
88,452
78,381
492,693 15,388.151
,303,205 15,969,030
448,033
918,698
1,580,S88
1,541,501
559,087
368,382
68,480
58,862
95,l.:99
1,284.315 23,459,080 10,601, Kll
1,168,815 28,393,747 12,787,254
40,698
58,315
962,618
1,081,280
1
!
447,035
559,138
1 to Oct. 31.
S
718,883 18.868,131
1,130,714 20,771,323
5,409,478
7,783,821
Kast. Illinois-
Galveston Har.
4
San. An.-
1884....
1883
Texas
4 New Orleans-
822,969
1884
1883
1884
1883
8.33,448
222,05'
439.914
258,509
Namk.
111,391
181,406
Jatl.lt<> Dec. SI.
*
(
197.612
209.099
1884
+ Emhmcing operations of Central of
but not prior to that In either year.
648.581
1.109,883
2,838,841
3,413,282
December.
Naahv. Chatt. 4 St.Louis-
112,753
115.828
t
S
2,358,882 1,015,739
2,328.8941 1.058.292
84.759
64,171
New Jersey
after June 1 of both years
f^omt^xvi's^ommzvcin.l gttglisTi ^cws
BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXOHANOB
EXOHANGE AT LONDOlf-Jan. 1.
Oil-
Short, 12 4 58 ®12-5ie
3 mos. 12-234 ®12-3i4
20-69 920-73
.
.
Vit una
Trieste
Lateit
Salt.
Time.
Oir
LONDON
_.
RaU.
Jan.
Short.
12 12
Jan.
2069 820-73 Jan.
20-69 a2C-73
Jan.
12-lS^Sl2-:i3:!4 Jan.
8 mos.
20-48
20-4514
20-48
12-33
Short.
12-4834al2-.',3»i
Antwerp.
25-38%®25-61i4
..
Short.
,Tan,
24 ®247|e
.Tan.
Petersb'g
Paris
ch'ques 25 31>4a'25-36i4 Jan.
Paris
3 mos 25-.52'«®25-67io Jan.
25-71i4»2.">-70'4 Jan.
Genoa
Madrid
461,bW46Si6
Jau.
40ic®4634
Cadiz
2.5
33
2.S-31i«
St.
Cheeks
3
25-32»s
mos
L'5-42'a
47-50
5758^57^
Lisbon
Alexandria
I
Coustant'pic
IJonibay
dem'ud
Calcutta
New York... 60 days
Honit Kong.
iihauKhai
18 73l6d.
Is. 73,bd.
48%® 19
Jan.
Jan.
Jan.
Jau.
Jan.
Jan.
3 mos.
109 87
Cables.
Is. 7ii6d.
IS-TSjod,
4-85
38. 7d.
48. lid
[From our own correspondent.
London, Saturday, Jan. 3, 1885,
It is so far too early for the new year to have developed any
special features, but tVie prospect is certainly not a pleasant
one. The gloomy forebodings which characterized the close
of 1884 threaten to be reproduced.
A certain degree of stead"
iness is noticed in cotton and woo), but in all other industries
the depression has been painfully apparent. At iireeent iron
and steel are, on the average, ten to fifteen per cent lower
than they were a year ago. Copper has fallen .£10 to £13, and
tin £7 to £10, per ton.
An expected stimulus to trade, which_
It was thouglit, would follow a better harvest, has not been
vouclisafed, except in a very mild manner, by some slight increase in the home demand for manufactures. Our foreign
trade is still very bad, and the strength of competition abroad
has a tendency to increase rather than diminish.
The last year (1884) was a year of low prices. The low range of
values was not confined to raw materials, food products being
equally obtainable on easy terms. Wheat and flour have not been
so low during the present century as they are at present. Beef
is about the
same in price, but mutton is Id. per lb. cheaper.
Potatoes are from 10s. to 20s. per ton lower. Sugar has fallen
30 to 40 per cent, coffee nearly 20 per cent and tea about 4 per
cent.
It
is,
therefore,
some small
satisfaction to the wages-
he is receiving smaller remuneration he
derives somo compensation from the .low prices of food; but
earner to
know
who
that
if
—
are out of work and their name
not a cause for much congratulation
tute of the funds necessary to acquire it.
to those
New
May
253,157
505,964
Oregon Improvem't Co.—
Berlin
Frankfort...
& Nurth.—
1,244,989 24,548,108 10,740,182
2,073,481 2i,002,566 13,708,888
1.809,144
1,5S1,436
Jan.
188,3
.
Jan. 1
J8S4
It83
Burl. Ceaar Hap.
1884
1883
1,370,120
1,450,110
8.654,018
Name.
Hamburjf
QEOSS AND KET E1.RIIIN0S TO LATEST DATES.
«
8,851,537
Utah Central—
Amsterdam
Amsterdam.
ing, comprising all roads reporting.
%
719,E39
633,85s
3,879,0-22
149,748
Louisiana Western-
necessary to say more than that the result
Atch. Topclia & Santa Fe—
]46.l'f>2
-
1884
1883
1884
1883
each year.
i
2.,554,133'
:
Central Paciae—
38,591
GroM
OperatinQ
Net
Earnings. Expenses. Earnings.
179,597
226,614
8'>'8,289
376.662
7,797
119,213
combination of circumstances detailed above,
1.475.711 44,707,583 16,943.072
1.857,177 47,242,734 18.152,873
Union Paclnc—
ment attending the Presidential election. With the exception of the Union Pacific, there is not a single large road
of any prominence that does not show a very heavy loss.
There are some gains, but they occur in the case of minor
As to the
roads, and are usually very small in amount.
showing for the eleven months,
4 Brie-
1883.
the utter stagnation in business
month
s
2,479.226
2.616.802
3.950,937
4,473,479
lSt4...:.
exhibit of net earnings covers this time November,
Our
PlttS'
1883
],328,-'52S
239.415
16,696,381
]»-4
1883
Philadelphia
1884
Phlla.& Kead. Coal 4 Iron-
58,085
476,552
8,a94,600
201.124
16,908,463
1,446,730
8,275,387
Penn, (all lines east of
burg & Krle)—
Philadelphia^ Ueadingf-
287,985,550 293,164,918 7,114,1101 18,293,478
11,179,368
Total (G6 roads)
Net decrease
and
IC4,831
i
1,28:!,702!
Paul Minn. <fe Man..
Tol.Aun Arb. <S K. Mich
Wabasb St. I.,. & Pac.
Wisconsin Central
.
45,425;
10,149,0502, 445,570
20,180:
1,053,326
l,073,.'506l
108,112!
472,202
364,090
701,l.'i7;
40.275
720,882
28,5721
3,845,152
3,873,724i
776,746
82S,901
68^,901
737,897
Paciflo
*Oblo Central
Obio Southern
Peoria Dec. & Evansville
Kicbuiond & Danville..
St.
St.
79,304
2,288,707
891,948:
14.00D,767:
3.058,664'
2,266.612
2,328,891
2,812,671
854.265'
cheap loaf
is
is
legion
when
—
desti-
January
THE CHRONICLR
17, 1885.]
There is clear evidence that confluence in the future is by
no means strong. Tlio misdeeils of Sir. Blakeway are not
forgotten, neither are those of Mr. Parker. It certainly is a
blot on our system that such men as these should be allowed
to escape
when some poor wretch
is
doomed
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consolR
and other items, compared with previous yean:
1885.
Sauk Jiust
hills....
Pabllo deposits
Other aeposlts
M
2^.037,210
it,104,8'i8
24,n47.,'537
aovemm'taecuriUef.
Other seoarltiea
Res'veofnotesibcoln
Coin .and bullion in
botn departmenta..
1883.
1881.
M
Clronlatlon ozelndtng
to penal servi-
tude for a comparatively trifling offence. Apparently the
bigger the swindle the greater the chance of escape. Confidence received very severe blows from the discovery of these
frauds, and it is far from being re-established at the present
83
188Z.
M
M
28.410.700
2.1.616,070
7,0C0.21B
0.'.!ii9,72a
2S,840,3.<6
20.101,0715
27.3)4.33H
11,408,286
14,402,401
25,557.705
11,570,605
29,927,078
11,375,807
2». 115,715
9,681,001
0,2A«,72<
24.850.771
13.237,477
20.004.128
0.637,959
20,605,496
21,437,365 20,353,791
20,219,031
13.162,611)
Projiort'u of reserve
moment.
3300
toUablllUes
31^
Zealand loan for .£1,000,000 in a 4 per cent stock, Bank rate
5 n. 0.
3 p. c.
5 p. n.
5 p. o.
Soig
Consols
lOlJflX.
lulx.
d.
d.
lOOx.
d.
is
announced.
per
cent,
being
It
is
exthe
9T3i
b'ng. wheat, av. prioe
31s. 5d.
39b. Od.
40a. lid.
44a. 3d.
5>''S|(,d.
pected that the operation will prove a success. Something Mid. Upland cotton..
6>i<d.
5%d.
G\a.
No. 40 mule twist
OSiid.
9\d.
lOd.
lO^id.
like £24,750,000 was raised by India and the Colonies during CleariUif-House refn. 92,038,000 144,551,000 143,920,000 159,179,000
the past year. The Colonial loiins proved an almost uninterThe Bank rate of discount and open market rates at the
This class of security has been in strong chief Continental cities now and for the previous three weeks
rupted success.
favor with investors, who have come to regard a certain 4 have been as follows:
jHT cent as far preferable to a speculative 6 per cent, with the
December 31.
December 24.
December 18.
December U.
prospect of an ultimate loss of both principal and interest.
ItaUiOf
Int0rettat
Bank Open Bank Open Bank Open Bank Open
The failure has been announced of Messrs. Baggakays &
RaU. Market RaU. Market RaU. Market Rate. Market
Spence, warehousemen, of 4 and 5 Love Lane. The firm was
3
~~a
2H ~~a
~S9r
The liabilities are about Paris
established in liSOO as Westatt & Co.
Berlin
4
4
3«
4
an
£203,000. Messrs, Truninger & Co., exchange merchants of Frankfort........
4
4
SH
4
an
4
4
S'A
4
s«
sa
41 Threadneedle Street, a firm of 40 years standing, have also Humburj?
3
3
3
2H
According to the lists of Mr. Richard Amsterdam......
stopped payment.
4
4
4
an
Seyd, the numl>er of failures in the United Kingdom during Madrid
4«
4«
4«
4«
4«
Hi
Hi
*H
4
4
4
4
4
4
4
was 4,897, of which C07 are in the financial,
1884
6
8
St. Petersburg..
e
«
6
6
6
branches of trade, and Copenhagen
wholesale and manufacturing
5
5
5
S
S
5
S
5
3,787 in retail trade, professional pursuits, builders, pubIn reference to the state of the bullion market, Messrs. Pixley
In 1883 the total
licans, amongst the working classes, &c.
& Abell observe
failures were 10,599, divided with 9,238 retail and 1,301
Gold.—There htis been but little doing in this market since our last
Mr. Richard Sej-d furnishes the fol- and with the exceiition of a withdrawal of £100,000 sovereigus from
wholesale houses.
tiie Bank for Vienna, and £3.i,000 for South America, there liave been
lowing remarks on the working of the Bankruptcy Act:
no other exports. Thero is no demand tor bars, and the Bauk has re" The (Iccrf ase In the lunuhcr of f,iilures iliiriii;; the second part of the ceived the whole of the arrivals, amounting to £96.000. The Verona
year 1884 is even more remarkable than that diirlnK the precedinK half, has brought £1'.',300 from the East, the MoscUe £52,000 from West
Indies, and a French fetcamcr £45,000 from C!entral America. The P.
aii<l as rumors of private arrangements arc continually afloat, It remains
A New
34«8
29''9
minimum
.
m
m
—
:
a very open question whether the new Bankruptcy Act is working .as
well as its promoters anticipated It would do. The general oxppriencc
to he that creditors are, under the new act. more disposed than
formerly to accept any reasonable otTer of composition made to them,
rather than encounter the trouble and expense of bankruptcy proceed-
seems
ingIs now sitting to Inquire into the worklnpof the act,
advisable to draw attention to Clause 11°^, in which It is
Any person or persons carryins on business under a
co-partnership name may be proceeded against under this act in the
name of the nrm,* •kc.
"This certainly appears a serious retrogression from the preceding
Bankruptcy Law, which insisted that the name of each Individual partner should he specified in the notillcation of bankruptcy.
" This clause in the new act seems to be a great mistake, which ought
to be rectified at once, or It may lead in time to much inconvenience, as
It leaves a door open to unscrupulous traders, who may work under
flctttious names without much fear that their real names may become
known to the public generally.
•'
It so happens that several failures have already taken place during
the past twelvemonths among tlrms of some Importance where [the
receiving order was taken out against the Arm alone.
•* It does
not follow liecause the name of a tli-ni is, for instance. Brown,
Jones ite Smith, that there is a Brown or Jones or Smith in the firm, irrespective of the fact that the individuality of the partners is quite lost
Right of where their ('hristian names are not given in full; It must
therefore be admitted that it is in the interest of commercial timis generally that the failure of a tlnn should necessitate full publicity being
given to the names of each partner."
"As a commission
maybe
It
enacted that
•
'
'
'
£1,195,000 in Treasury bills have just been allotted.
The
whole at three months" date at an average of £3 18s. 6d. per
cent. At the beginning of the past year the average rate for
three months' bills was £2 4s. 4d. per cent, and in July it fell
as low as £1 2s. ll-84d. percent.
The Bank dividend announcements have just commenced.
The London & Northwestern pays at the rate of 8 per
cent for the half-year, making 16 per cent for the year.
The corresponding half-yearly dividend was at the rate of 9
per cent. The City Bank pays the usual dividend at the rate
of 10 per cent per annum.
The position of the money market has not varied appreciably.
are waiting to see what will be the effect of the dividend
money coming on the market. It is singular, considering the
high rates for money here compared with other leading
centres, we receive so little gold from abroad. True, the stock
in the Bank of England is gradually increasing, but the progress made is very slow. It seems'to be expected, however,
that some reduction in the Bank rate will take place at an
early date. Day-to-day loans are now quoted at 4 to
4J-.< iier
We
cent.
The following are the present
Bank BUU.
onion
Intereat
Trade
|
1" D
a« 5
Jan. 2 5
TUm^'t T7*aa
four
At 7 to 14
Bix
Three
Four
Slx
Stock
WontAi Hontht Montht Monthe^Mmthe Monthi Banke. call. Datt.
holidays. We have received siuce the 23d ult.. £70,700 from New
York, £37,050 from River Plate, £49,000 from Chill and £39,000 from
West Indies. Tlie P. & O. steamer has taken .e38.400 to India.
Mexican Dollars.— The arrivals comprise at)out £9.000 from America and £52.000 from West Indies, the price for which has not been
Hxed. The Shannon sails this day with £36,400 for China and the'
Straits.
The quotations
Price 0/ QoU.
iHnom 3%nom
ih.i»
•.
d.
Bar gold, fine., oz. 77 9
Bar gold, contaln'g.
20 dwts. silver. 02. 77 lOK
Span, doubloons 02.
8. Am. doubloons. oz.
77
9
4H» -
*
8T«a -!3?i»
SOH
53r<
asH
48«
48 5-19
50
Total. ............ .37,900,895
1883.
20,899,495
7,90S,106
1882.
23,87Z,0J7
e,«41,348
42,074,845
43,612,637
37,312,101
Av'ge price of English
4!<-4!,(
4
4
i'4-*H
4
'AH-tii
4}4'4)i
tng 5 gif. gold. .OS.
Cake BilT«r
os.
Mexican do]s...oB.
49»4
1881.
10,878.532
5,075,343
j,U1,tK7
3.791,586
4,55o,2t'7
807.005
724,111
801,931
551,125
Beaoa
628,909
1,309,759
675,301
941,289
Indian corn
8,923,663
5,870.627
3,61/,332
9,272,351
Flour
2.430,962
4.93:1,810
5,064,940
4,900,250
Supplies of wheat and flour available for consumption In seventeeu
weeks, stocks Sept. 1 not being included:
1881.
1884.1883.
1882.
Imports of wheat, owt.16,202,375 20.899,405 23,872,097 20,878,532
fanports of flour
2,450,96',!
4,933,810
4,900,250
5,064,910
Bale* of liome-KTowD
produce
16,761,680 16,875.100 14,673,600 13.952,700
Barley
Oata
Peas
1S84.
owt. 1P,202,»75
6,856,840
4,037,560
4
3N
««
4BJli
IMP0BT8.
Wheat
4
-;4j4a
d.
Bar silver, fine. .OS.
Bar silver.contaln-
but the tone has unquestionably improved. Wheat is about;
Is, per quarter higher in price.
We are experiencing a fairly
long period of cold easterly winds, a steadier feeling being
thereby impartetl to trade. Other kinds of produce are also
hardening. The quantjjty of wheat on passage to the United
Kingdom from all parts is estimated at 1,8.50,000 quarters, or
nearly 100,000 quarters more than last week. The quantity of
flour is equal to 180,000 quarters, being 9,000 quarters less, and
of Indian corn 213,000 quarters, or 38,000 quarters more.
The following return shows the extent of the imports of
cereal produce into the United Kingdom during the first seventeen weeks of the season, the sales and average prices of
home-grown produce for the same period, and other itetos, compared with last season:
in the U. 8
hush. 4 3, 100,000
Siipply of wheat and
flour afloat to U. K.
-4M»-'4M*- 3M®-
Dec. 24.
The Christmas holidays have interfered with the grain trade
and have reduced operations to within very narrow limits;
8?<-S«
«H\!<H-8«
4
Dec. 31.
d.
77 \<U
SK
SM
Price 0/ Silver.
.
SH<im
m
-'4«» «»- ««a -,8«® -,4(49 -AHt - S«»- 8X
m
- «»*H»- ® -iax® ->«»
(34><
Dec. 24.
wheat for season. ([rs.
Visible supply of wheat
— ]4 nom 4^nom
-'4
Dec. 31.
«.
|
*H»- 8«a3M.3«9S-X 4X9
4M»- *H(» - 8«-» - 1V>»
for bullion are reported as follows:
t.
Three
OT.38 5
5 5
18 S
aUawed
Bille.
1
1
S
•'
money.
Open marltet rate:
-<
ec.
prices for
O. steamer has t.akea £50,000 sovereigns to Egypt.
Sii.vEit.— Orders for Spain were received on the day of issue of our last
circular, and caused an improvement in price day by day from 49(^.
to 'lO'^sd. At this last the supplies by the Chili and West Indian steamers were sold. The market is quiet to-day, the .Spanish order being
complete, and thero being no Indian exchanges to hand, owing to the
it
qrs
*
328. Id.
•1,919,000
Not Including Baltic gupplies.
'
408. 5d.
41s.
4d.
47s.
6d.
34,175,000
19,800,000
18,200,000
"2,161,000
2,412,000
2,911.000
:
.
—
..
.
.
THE CHRONICLE.
84
Annexed is a return showing the sales of home-grown wheat,
barley and oats in the 187 principal markets of England and
Wales, together with the average prices realized, during the
first seventeen weeks of the season, compared with previous
years
Barley
1884.
qrs. 1,161,633
1,878.308
Oats..
72,794
Wheat
SALES.
1883.
1,165,224
1,787,628
82,910
AVERAGE
Wbeat
perqr.
1882.
1883.
d.
32
31
19
Barley
Oats
806,691
846.475
103,495
d.
».
e.
40 5
33 3
19 8
1
9
3
47 6
34 1
20 11
4
34 8
20 10
41
1881.
13,982.700
EnsUsb Jnarket Reports— Per Cable.
The daily closing quotations for securities, &c., at London,
and for breadstuffs and provisions at Liverpool, are reported
by cable as follows for the week ending Jan. 16
:
London.
Sat.
d
Silver, per oz
50
Mon.
Fuel.
50
50
Oonsols for money
99i3iR 99S«
Consols for aoooimt
9978
gg's
79-30
79-65
Fr'oh rentes (In Paris) fr
U. S. 4ifl8of 1891
11618
116%
U.S. 4s of 1907
125«8
12568
Canadian Paoiflo
45
45
78I4
Chlc.Mil. &8t. Paul.... 77
Erie, common stock
1473
14^
I23I3
minolB Central
123 '8
Pennsylvania
53
53
Philadelphia <fe Reading
g
OH
New York Central
90 14
911a
Liverpool.
Wed.
Week.
Great Britain
West ludies
2>fl
winter. South, n "
8
Winter, West., n "
7
"
Cal., No. 1
1
"
Oal., No. 2
3
Com, mix., old... "
Com, mix., new.. "
4 11
Pork, West. mess. . ^ bbl 58
Bacon, long clear
Beef, pr. mess, new,^ tc
Ijard, prime West. S cwt'37
Oheese.Am. choice
|62
Import:
..........
Since Jan.l.
Week.
Since Jan.l.
$
South America
$
$
9
2,741
2,741
241,250
241,250
103;725
105',725
6,093
10,09^
461500
46,500
2,230
12,583
$152,225
1,500
$152,225
1,500
1,285
$252,311
10,451
7,490
5266,667
24,233
33,003
$312,710
12,200
$367,710
12,200
All other countries. .
100
116
US^s
125H
49tD
99'8
93%
491616
100
45
431-2
79-60
115^8
12538
42^8
7733
77O8
14%
123%
77M
76
14^
13''8
13%
123%
53
52 19
1221s
SlTg
8
3938
45
1231a
52%
Silver.
Great Britain
German.'....
West Indies
115%
12538
SHi
Sifl
8I2
90%
gik
9018
Tue».
Wed.
Thun.
(.
d.
10
9
2%
7
7
8
9
2
8
7 7
61s
7
7 1
7 3
1
7
7
4 11
58
i 11
58
33
80
37
62
6
3
d.
S.
Balances.
Date.
Jan. 10.
" 12.
" 13.
" 14.
" 15.
" 16.
*3,898,168 18
1,093,691 81
1,268,157 85
Total...
9,312,025 07
d.
i
g
;
2
8
7
9
7
2
8
6i«
7
9
7
2
8
6I2
7
1
7
7
3
4 11
Coin.
Currency.
992,345 12
1,065,966 84
)993,395 27
1,290,211 73 127,198,094 29 16,797,478
1,664.721 88 128.569.226 74 16.855,316
887,2,30 98 126,648,760 75 17.156,709
1,237,361 28 126,278.957 83|17,28l,4»2
1 1,500.849 09 125,745,713 5:i 17,379,854
1,624,979 88 124,906.890 55 17,527,093
67
15
01
77
82
19
8,205,337 81
Fri.
I.
7 3
Patfinents.
Becelpti.
S
10
58
33
80
37
62
—
Sub-Tre.\.sury. The following table shows the receipt 9
at the Sub-Treasury in this city, aa well as the
balances in the same, for each day of the past week
9
4 11
58 O
33
80
37
62
4,252
$329,162
248,274
268.106
and payments
d.
3
4,252
.
$381,162
$5,390
$25,999
508,524
35.370
88,626
531,535
27,190
71,384
Of the above imports for the week in 1885, $7,333 were
American gold coin and $5,387 American silver coin. Of the
exports during the same time, $46,500 were American gold
com and $35,800 American silver coin.
«.
6>a
1
14,622
2,827
8,550
i',656
Total 1885
Total 1884
Total 1883
10
9
$
4,3i0
South America
All other countries .
10 9
(.
9
.,
99''8
7952ifl 79-55
I25I8
I
Fri,
go's
99^8
79-65
T»tal 1885
Total 1884
Total 1883
*
Flour (er. State). 100 lb. 10
Wheat, No. 1, wh. "
Spring, No. 2, n. "
TORK.
Qold
U.
Thurt.
4915,6
99%
Mon.
Sat.
N8W
£xporU.
d.
».
1882.
14,675,600
1883.
16,875,100
1884.
owt. 16,764,680
EXPORTS AND IMPORTS OF SPEOIB AT
J881.
.
<i.
Converting quarters of wheat into cwts., the sales of homegrown wheat in the whole kingdom during the seventeen weeks
are estimated to have been as follows:
Wheat
[Vol. XI,
PRICES.
1884.
#.
1881.
1882.
841,665
1,083,999
82,523
W
:
1
5
Includes $3,000,000 gold certittoates put into cash.
Includes $860,000 gold certitlcates taken out of casli.
Includes $740,000 gold certificates put into cash.
Foreign
Tr.a.de
of
158
33
SO
37
62
3
New York—Monthly
Statement.—In
addition to the foregoing tables, made up from weekly returns,
we give the following figures for the full months, also issued
by our New York Custom House. The first statement covers
the total imports of merchandise,
IMl'ORTS INTO NEW YORK.
Uonthl.
Drt/
Goods.
1884.
1888.
Oeneral
Oeneral
Drv
Merchan-
Ooods.
Merchandise.
ei/ammtKcivd and W^isctllmuoxts '^j^ms
January..,.
26,898,814
39,997,704
28.175.206
31,394,061
39,573,030
13,345,312
13,730,717
11,319,428
42,713.489'
18,!t88,ST4
29.834,387
9.798,203
23,759,735
35.557,03S
38,471,228
Jane
July
12,493,763
August
11,945,261
34,822,:38
33,473,508
83,048,189
13,645,297
U,520.ft43
September..
October....
12,065.979
33.'!4-2.080
10,798,870
88,827,538
10,198.973
NoTember..
December..
6.570,145
3,988,380
32,716,823
88,012.098
25,979,743
81,102,933
81,676,101
28,078,438
22,024,119
25,103,644
7,948,03«
7.486,303
29,142,398
6,754,403
6,810,040
28,594,-261
6,547,903
89.069.031
7,051,503
February
—
Imports and Exports for the Week. The imports of last
week, compared with those of the preceding week, show
an increase in both dry goods and general merchandise
The total imports were |8,774,077, against $7,486,207 the preceding week and $4,907,379 two weeks previous. The exports
for the week ended Jan. 13 amounted to |8, 034,919, against
16,393,757 last week and $5,383,503 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Jan. 8 and for the week ending (for generalmerchandise) Jan. 9; also totals since the beginning of the
first week in January:
FOBBIOIC IMPORTS AT
For Week.
Dry goods
Oen'Imer'diae..
Total
Since Jan.
SEW
1882.
1883.
*3,C67,890
6,935,930
$3,047,170
5,707,954
$10,603,820
$8,755,124
May
13,598,890
11,397,824
6755,148
Total.... 111.978.46J ;lU.417.7084a6,890,170
EXPORTS FROM
NEW
6,903,888
27,915,300
20,749,010
29.213,457
36,114,695
25,867,518
30,925.006
21,308,726
29,825,978
31,864,171
32,368.707
41,280,618
40,479,727
42,182.761
87,090.434
36,639,760
43.078,381
38,912,815
48,445,6
85,101,596
40,024,951
38,412,074
39,417,210
121.508.817 853.537,353 475,046,170
TORK.
CUSTOMS RECEIPTS.
At New Tarh.
Total Merchandise.
Month).
TORK.
1884.
$2,814,798
6.482,153
1884.
1885.
$2,668,890
6,105,187
$9,296,951
$8,774,077
1.
Dry goods
,
Marcli
April
Qen'lmer'dlse..
$5,756,925
12,707,633
$5,393,316
11,502,772
85,481,342
11,877,589
$4,602,604
11,657,680
Total 2 weeks..
$18,464,558
$16,956,088
$17.358,931
$16,260,231
1884.
$
*
January
February
1,798,785
88.891,932
1,589,860
28,488,360j
January
February
March
1,097,998
32,094,891]
March
April
,885,838
28,101,494
April
May
,063,280
87,837,86a
May
June
27,857,611
June
July
464,089
858,115
9,899,887
9,455,848
28,805, 455|
July
Au^at
,937,053
34,417,712,
September
October
829,557
855,852
27,818,151
August
September..
October
.
...
11,782,029
18.574,888
12,064,811
11,438.788
18,191.608
9,840,832
9,194,388
18,438,301
8,148.813
13,824,534
13,108,388
12.826.196
14.821,006
ll,9S7,98S
12,044.786
13,288,8»3
29,197,105
10,302,133 11,609,693
In our report of the dry goods trade will be found the imNovember
,0»,863 28.428,662 November
7,712,428
8.984.098
ports of dry goods for one week later.
,215.819 89.166,426 December....
December
8,083,555
9,435.0«7
The following is a statement of the exports (exclusive of
82S,S87,335 350.836.335
Total
Total
187.938,601 138,005,988
specie) from the port of New York to foreign porta for
the
Anthracite Coal Combination.— At the recent meeting of
week ending Jan. 13, 1884, and from January 1 to date:
the board of dreitors of the Pennsylvania Railroad Company
President Roberts laid before the board a report of the conBXPORT8 FROM HBW TOSK FOR THE WKBkT
ference of the representatives of the large "anthracite coal
1882.
1883.
1884.
companies. The following resolution was adopted
1885.
Resolved. Tiiat wliile the board of directo-s of the Pennsylvania
For the week...
$6,151,636
$7,007,203
$6,474,595
$8,034,919 Railroad Company hereby express their desire that tbe anUirai-ito ooal
Prev. reported.
5,940,134
7,319,921
6,413,607
6,393,757 interests of the said company should be managed iu harmouj- with similar Interests of other companies, they l)ollevo that neither ^the general
Total 2 weeks. $12,091,770 $14.357,124 $12,S8S,202
:
I
S14,128,67d
liiti^rests
of the public nor those of the eharehoiders of the Fonnsylvanl*
Kiiilroad Company could properly be protected or advanced by thl»
shows the exports and imports of specie company
Joining iu any restrictive policy in the management of any
at the port of New York for the week ending Jan.
part of its business.
10, and
Atlantic APaCiflc- In answer to a correspondent's inquiry,
since January 1, 1885, and for the corresponding
peric^ in
the Boston Herald says that "this road U earning in the vicin1884 and 1883:
ity of $140,000 gross per month at present upon the Western
The following
table
January
THE (JHRONICLE.
17, 1885.]
Mojiive divisions, and tliat tlie fixed charges on those
are. in ronnd uuml>er8, Ifl25,000 per month, not
iiK la liiiK lli>' ini.i.st on the floating debt, whicli is of uncerThen
tain aim. lint, ~av <i;{,000 per month for an estimate.
there is the Central division, operated liy tlie St. Louis & San
Kraiicisco eompanv. which supi)orted itself in 18H3, but
required a littlf assistance last year. But f 140,000 per month
would prolialily cover tli(> first charges. It costs some so per
(Ti^nt to operate the road on gross earnings of $140,000, wluch
would yield 138.000 net per montli. Besidee this, the road has
.m income of 37 iier cent from the California pool, which
yielded in October last about |3.'5,000 net. Beyond this, it is
entitled to a rebate of 35 per cent from October Uist on busiSan Francisco
iii'ss to and from the Atcliison and St. I^ouis
r.iads, applicable to the payment of interest, Imt in tlic nature
of a loan, for the repayment of wliich there U no H()eciflc
provision.
This rebate amounted to some $60,000 in
Oiioh.r. but has probably been less since, as business
ised.
Call it l|!.50,000 per mouth then add .|;35,000,
,.
.iitage. and #28,0(X), or, say, ^30,000, net earnings,
and liio result is $115,000 per month to meet $140,000 of
But the Januwy coupon was paid with the
interest witli.
eroceeds of land sales, and another will not be due until July,
[eanvvhile, the management expects to show largely-increased
net earnings, as the gross can nearly be doubled without
material increase in operating expenses." * * * "The cattle
business is growing rapidly, and many thousands of cattle will
be hauled in 1S85 and more in succeeding yeai-s. Work upon
the Arizona Mineral Belt road has been commenced, and surveying is Ijoiug done for the Arizona Central road, which will
branch off at Asbfork and tap the Jerome mines, eventually
reaching Prescott. Both roads will prove valuable feeders
when finished. Then again, the California Southern road will
be connected with the Mojave division the coming season.
This road i?, like the other feeders, more promising for the
Taken all in all, the Atlantic
futtire than the present.
*
Pacific should be a growing property hencefortli. * *
No account lias been taken of the company's land grant in the
above calculation, beyond its connection witli grazing. The
b«ilk of the floating debt is secured by land, but there remain
pome millions of acres awaiting a market, and whose sale
would greatly benefit the road. The future of the Atlantic
Pacific is encourjiging. The stock sold at S%."
Union Paclflc—The report of the Government directors
has some very sensible comments upon the affairs of this company. Among other things it states that an examination of
the stock holdings Of the Union Pacific develops some very
interesting, and, under present circumstances, important feaIt demonstrates what may not be generally undertures.
stood, that it would be quite a public misfortune if the holders of small lots should, by the permanently reduced value of
tlie stock, be discouraged and induced to witlidraw their inTestmente. The capital stock is divided into 608,685 shares of
$100 each. The Boston stock ledger, which in 1875 contained
the names of only 95 holders, representing 67,131 shares, now
contains 5,145 names, representing more than 231,000 shares.
In 1875 the average to each shareholder was 706; now it is 44
shares. Of the 95 holders only 33 are now on record.'' It thus
appears that about 149 in each 150 of those who hold stock today were not holders in 1875: not one in 150 of the present
Union Pacific stockholders were owners of stock in 1875."
In 1875 there were
There are now 7,718 holders of the stock.
scarcely as many hundred. At that time the holdings were in
large amounts. Now 3,550 out of tliis total of 7,713 persons
hold ten shares or less. 3,449 hold between 10 and 100 shares,
893 hold between 100 and 350 shares, 165 hold between 251 and
600, and 156 hold more than 500 each.
These comprise
women (mainly in New England, 2,346 holding 58,016
shares),
trustees
and
guardians
holding
9,673
(337
Aares), and banks (holding] [as collateral 11,566 shares).
The New York stock ledger shows a more nearly
approximate condition tlian generally supposed, or at least
fwiquently asserted. Of the 875,503 shares registered in New
York, President Adams, upon careful computation, expresses
the opinion that no more than 138,863 ^are held on speculative
account. "
careful analysis," he' says, " of this ledger
shows that 64,066 shares are held by small investors, 138,030
by large investors, whose holdings have not greatly varied,
and .54,537 are held for foreign account." In other words, of
the entire capital of 608,685 shares now outstanding, 128,863
only are helil on what is known as 'W'^all Street account. The
large proportion of the shares now lield bv investors was
*
»
»
acquired at more than $100 and as high as $131.
The jjrincipal concern of the Government, in its present
financial condition (a matter which should be considered
cS more importance than the immediate recovery
of
its debt), is that the control, management and operation of
thus road sliould be in honest a.t well as competent hands.
It
should of all railways in the country bs operated in the interests of the public. The suggestion that seems, from a careful,
and as intelligent as possible, survey of this matter, the most
feasible plan, is one that settles, or would settle the most
^eediW and permanently, this whole question, and obviate all
the difficulties which surround it. It is thit instead of the
present requirement of the Government of a certain percentage of net earnings, a fi.xed sura be agreed upon, which the
company would be compelled to pay at stated interv.ils,
toward the interest and principal of its debt to the Government. This plan would necessarily effect tlie immediate and
complete suppression of all present controversies and pending
litigation as well as remove any and all cause for the same.
.vn(l
ilivisioiiB
The very happy fact that
In conclusion the directors say
the stock of the company is owned now mainly bv investors
instead of speculators nas' had great weight with the Govern:
ment
;
&
&
A
directors.
sales in
—Tlio land
December and
were as
fol-
1983.
-^
for the year
lows:
1884.
.
Af.reii.
Amount,
Acre:
Amount.
140,208
29,318
$172,0tl
126.810
125,818
33,363
$.380,204
168,521
$209,751
109,181
*328,1S6
4.348,203
476,003
$6,003,790
2,002,002
867.871
298,477
$2,701,115
1,380,018
4,823,211
$8,006,398
1,100,318
91.081,133
ii.
I
.11
K
ion
Totals
r«ar—
Union Dlvlnton
Kausas Division
&
.1
85
Totiils
147,96»
sold increased 3,656,883 in 1884 and the amount
increased $4,535,365. The average price per acre in 1884 was
$1 78, ngainst $3 49 in 1883. Many of the lands sold in 1884
had been thought unsalable for years, but a market unexpectedly developed, and therefore the immense increase in tlie
acres sold and the decrease in the price jjer acre.
The acres
—
Among the cards of bankers and dealers in foreign
exchange published in the Chronicle will be found tliis week
the card of Messrs. Maitland, Phelps & Co., of 22 and 24
Exchange Place. This firm is too well known to require
introduction to the readers of the Chronicle, but it may Ije
permissible to call attention to the fact that this house is
prominent in drawing bills and letters of credit on Cuba,
Mexico, &c.
— Attention
& Co.
men
called to the card of Messrs. J. H. Latham
Tlie firm is composed of gentlefavorably known in Wall Street. They make a
is
Chronicle.
in to-day's
well and
specialty of all
commission
good investment bonds, and buy and sell on
county, state, railroad and District of
city,
Colimibia bonds.
&
—Messrs. L. H. Taylor
Co., the enterprising brokers of
Philadelphia, have issued for their customers a diary for 1885,
a neat little memorandum book, containing much useful
information in regard to stock and bond quotations, and a
chronicle of notable events in financial circles for 1884.
—The Homestake Mining
Co. has declared
77th dividend
its
of 25 cents per share, for December, payable at the San FranCo., transfer
cisco office, oratofficaof Messrs. Lounsbery
agents, 15 Broad Street, N. Y.
Tke regular quarterly dividend of \% per cent lias been
Manitol>a
declared on the stock of the St. Paul Minneapolis
Railroad.
&
—
&
Auction Sales.—The following, seldom or never sold at the
Stock Exchan ge, were sold at auction this week by Messrs.
Adrian H. Muller & Son.
Sharts.
Shares.
54
14 Am. Tel. & Cable Co
765Seeoudav. BR. Co. ...171-173
Bk
New York
lOAniericau Exeh.
Bank
126
Nat.
BaukiUK A.ssooiation...l66
174
30 Bowery Nat. Bank
119
It' Fourth Nat. Bank
.1 Market Bank.....
138Si
130
27 Mei chants' Bank
7
20
50
160
25
25
15
20
20
23
of
Am. Loan & Trust Co
111
L. I. Loan & Trust C0....IO319
129is
Brooklyn Gas Lt. Co
N. Y. Mutual Gas Lt. Co.l25>4
Met. Gas Lt.Co. otBklyn. 95
125
City Fire Ins. Co
1,000 Bulwer Consol. Miuin\t
Co
$52
for lot
1,000 Roch'r Water Wk8.$4forlot
2,048 Oxygen Gas Lt. Co. $6 for lot
6,0G5 Uniou Gas Lt. Co.Sl 1 for lot
250 N. O. Mobile &Tcias RR.
Co
1,000 (Denver
$6
City
for lot
Consol.
Mining Co.... $4 for lot
200 Bull Domingo Consol. M'g
Co
$9 (or lot
Farmers' Loan & Trust
Co. receipt for 600 shrs.
Sliver
Denver RR. Consol Laud
& Coal Co. (pooled $14 (or lot
100 Metropol.CoueertCo.$65 for lot
2,873 Nortli Am. Petroleum
Co
$3 (or lot
(or$29 1,000 Silver Cliar M'g Co. «5 tor lot
80 percent paid
Gold
Cup
Mln'gCo...$3forlot
349
25 Christopher &. Tenth] st.
20 .Second av. Rk: Co
175>4
136
RE. Co
100 Metropolitan Trust Co...ll0'4
13 Second av. RR. Co
175
140
20 National Park Bank
21 Ninthav. RR. Co
Ill
120>«
25 Bt Nicholas Bank
25 Centml Park North &
141
20 National Park Bank
I4314
East River RR. Co
30 New York Bay Ridge &
Bonds.
Jamaica RR. Co. guar.
Jefferson Ins. Co. Scrip
100
7 per cent stock
of 187210 1881
39
31 Hanover Nat. Bank
142
$950 North Carolina 8tat« 4s
1,000 N. Y. Prov. & Boston
Consol. Debt
153-154
RR. Co
82*i
590Rinimon Iron Works.... $5^8h. $3,000 Harding Paper Co. of
Middietown, Ohio, 79, due
123 Union Mining Co. of Alle1886
80
shany(o.,Md
IfSe^sh.
$1.0CO Williamsburg Gas Lt.
Traders'
20s Mechanira A
121%
Clinton Fire Ins. Co
Jeflreruon Fire Ins. Co. ...126k
N. Y. City Fire InB. Co..
•
Bk. of New Orl's....*! forlot
1,290 Silver Mountain Miii'g
Co. 08
108"Si
$1,132 JO North Carolina 6s
rcg. stock, ISO.'! Blown)... 105%
$3 for lot
124 Harmony Fire In. Co.$l for lot 500 Great Neck Dock Co.*22 for lot
10 Eolectie Life lus. Co $1 for lot $30,000 R;ch'r Water Wks
Loan 63
$30 for lot
400 Ashburton Goal Co.. .*(! for lot
.500 Central Gold M'j< Co $2 for lot $.1,0(0 Tievert'n Coal Co.$ll (or lot
* 18,0.0 N. O. Mobile & Chat.
57 N. Y. Grain Drying and
RR. 2d m. guar. La. ..$165 for lot
Tnmster Co
$1 for lot
$3,000 R L. (.'utting.Treiia.,
20 Flushing &. North Bhnre
receipt for $5,0ii0 Miocene
RR Co
$6 for lot
Mining Co. in payment of
10 Met'poUtan Concert Co.$3|)sh.
l.OoO sh. when issued. ;f.26 (or lot
480 The Onderdonk Manufacturing Co
$13forlot $400 Vicksburg A Meridian
$20 for lot
RR. Co inc. Borli)
200 Bull Domingo Mining
Co
$10 for lot $1,000 Vlcksburg Shreveport
A Texas KR. (claimed to be
lOOCino. W.i^h. & Baltimore
«3 for lot
stolen)
RE. Co.. pref
\H
168 Great Neck Dock Co.$25forlot $",000 receipt (or N. Y. West
Shore & fliic. RR.C0 .$;J3 for lot
57 N. V. Grain Drying and
Transfer Co
$6 for lot $10,0. o N. Y. aty 7« Consol.
133 Jg
Stock, due 1896
200 Ashburton CoalCo .$U for lot
$10..")('0 Southern Tel. Co. G». IGH
12 U. 8. Electric Lighting
$10,000 Ohio Sioto 6». duo
Co
50
..ICi's & Int.
after Dec. 188(>
500 Robinaon Coasol. Mining
$132forlot $100 Eishth av. KR,Co. per
Co
100
cent aorlp
75 Am. Smelting Co
$3 for lot
Co
(
:
.
:
.
THE CHRONICLE!
86
[Vol. XL,
The following were the rates of domestic exchange on New
York at the tmder-mentioned cities to-day Savannah, buying
:
DIVIOBNDS.
The following dividends have
count
New
recently been announced
ccn'.
@ par, selling par@ J premium
;
St.
Paul Minn.
&.
Man.
((juar.'
5
6
16
2, Jan.
Feb.
Jan.
Feb.
2 Jan. 16 to
5
Jan.
Feb.
If)
'
.
.-.
.5
3l2
Continental
Farracut Fire
Guaiaian Fire
Knlckerliocker Fire
,
Pacitte Fire
Phenix (Brooklyn)
Eutger's Fire
Staudarrt Fire
,
Williamsburg City Fire
]niscellaucou«t.
American Loan & Trust
Fidelity & Casualty Co
5
3
3
6
5
5
31a
10
3
Paris (francs)
5
Amsterdam
4
dem.
dem.
dem.
dem.
Jan.
20
On dem.
On dem.
Coins.
2
On dem.
On dem.
1
following are quotations in gold for various
— 09H1> par.
— 92 « — 94
— BiH^ — 85ia
Do uncommerc'l. — '3 '4 a — Si's
Peruviansoles-... — 77%a — 80
English silver
4 78 ® 4 84
U. 8. trade dollars — 86 « — 87>fl
Silver >4sand Hs-
Five francs
Mexican
dollars..
U. 3. silverdollarB—
sa^J
par.
—
—
Jnteresl]
\Periotls.
Jan.
.Tan.
Jan.
Jan.
Jan.
10.
12.
13.
14.
15.
1
1
1
the best monthly report, in comparison with
we have had for a long time. It is therefore encouraging that the last month of a very bad year should end so
1883, that
*
This
Is
1
the price bid at the morning board
—
:
Jan.
16.
..reg.lo.-Mar. *1125t •11231 112T8 I127a'*11234
4ifl8,1891
.coup. Q.-Mar. *112%(*n234 '112-4 *ll2-\ *11234
121'8*121''8
49,1907
..regjQ,-Jan, 122i8n22
122
48,1907
. coup.Q.-Jan.
122 |*122
122
lElTsI 132
39, option U. 8. ..reg.iQ.-Feb. *;01
101^4 '101 I'lol i'lol
•125 •125 •125
125
63, cnr'cy, '95. ...reg.Ir. & J. *124
-127 •127
•127 1*127
Oa.our'c.v, '96. ...reg. J. & J. •126
*129 •129 •129 1*129
69,oar'cy, '97. ...rog.iJ. & 3. 128
•131
•131 ,'131
6<,cnr'cy, '98. ...reg J. & J. "13013*131
6a,our'cy. '99. . .reg J. & J. •132 )*132ii •1321a -132^ •13212
4'«8,1891
report of railroad earnings for the moutii of December,
is
95ifl
United States Bonds. Government bonds have been in
good demand, though the sales were not as large as during the
previous two weeks.
Prices are about steady.
The closing prices at the N. Y. Board have been as follows:
JAN. 16. 18!S3.-3 F, M.
The Money Market and Financial Situation. There wa.s
a better tone in tinancial circles nud an inclination to take a
more hopeful view of the future, but the two heavy failures of
Thursday gave a serious check to this tendency towards
improvement.
The suspension of Oliver Bros. & Phillips in
Pittsbui-g and John ,T. Cisco & Son in New York were both
cnexpected, and coming as they did on the same day, the effect
on the markets was imsettling.
published to-day,
521>4
40 14
9413
coins
Sovereigns
$4 84 «$4 87
Napoleons
3 85 ® 3 90
X X Reiohmarks. 4 74 ® 4 78
XQuilders
3 96 ® 4 00
Span'h Doubloons.! 5 65 -alS 83
Mex. Doubloons.. 15 55 -aiS 65
F oe silver bars .. 1 OS^s® 1 OS's
Fine gold bars
para '4 prem
DimiSifc ij dimes. — 90\a par
NEW YORK FRIDAY.
The
—^he
23^
40
(guilders)
Frankfort or Bremen (reiohmarks)
IS
Jan. 31 Jan. 22 to Feb.
On dem.'
4 86>a
2
On
On
On
On
Feb.
Demand.
4 821a
4 80
4 79I4
Insarauce.
American Fire .
American Exchange Fire
Sixty Days
2
.
2 Jan '.'ia' to Feb
16.
Prime bankers' sterling bills on London..
Prime commercial
Documentary commercial
22 to Feb. 2
Feb.
33@35 premium
:
January
Jan.
li«
21a
aia
l>a
l>a
Boston,
;
Railroads.
Mill Creek & Mine Hill
Mt. Carlion & Port Carbon
Oregon R'wav <k Nav. Co. (quar.)
Schuylkill Valley R. &N. Co
St. Louis & San Fran. let. pref...
St. Paul A Northern Pacific
;
Charleston, buying ^ dis-
Orleans, commercial, 25@50 discount; bank, 100 pre
mium St. Louis, 90 premium Chicago, 25 premium.
The posted rates of leading bankers are as follows
Books Oloted.
(Days inelusire.)
Per
Same of Company.
@ par;
I discount, selling | discount
•U2?»
112%
121 '8
121'9
101
•125
•127
•129
•131
•13212
no sale was made.
State and Railroad Bonds. The sales of State bonds
were: .11,000 Missouri 6s, 1887, at 103J; $1,000 do., 1886, at
figure it is hoped that a severe economy in expenses during 104; $.3,000 do., 1889, at 107
$1,000 Alabama, Class A, at
1885 may cause the net income to show more favorably than in 824; $22,000 Tennessee Compromise bonds at 49i-50J-50i,
and $3,000 Virginia 6s, drferred, at 6.
1884.
The market for railroad bonds has been quite acti\c and
The confidence of investors has been much .shaken by the practice of railroad managers and receivers in making default on iirst irregular in tone, some of the leading bonds declining sharply.
mortgage bonds when the yearly earnings of a road arc much The West Shore 5s and Erie 2ds have both had a severe break,
more than .sulheient to meet such interest. The attempt if immediately due to free selling, but not account<id for satisfacmade in tliis way to reduce first mortgage bonds to the level os toiily by any more substantial cause arising from any new facts,
a second, third, or consolidated mortgage, and to frighten that have come out in regard to those com])anies. The Housweak holders into selling their securities at a low price, or con- ton & Texas Central bonds have declined by reason of the
senting to scale down their interest to a lower rate. AH trans- buying of the coupons, and the Central Iowa Ists sold down for
actions of this sort may be classified under the general head of the same reason, that a part of the coupons were bought instead
The AV'est Shore 5s close at 35,
a dis])osition to ignore the strict obligation of contracts, and of being paid in cash.
Erie 2ds at 55f against 58J Housthey should be resisted to the utmost. Holders of tirst-class against 37| last week
mortgage bonds, abundantly secured for both jirincipal and ton & Texas Cent. 1st (Main Line) at 88i, against 99; do.
interest, should in no case sacrifice their bonds on account of a Western Division at 78, against 91^; do. Jlaiu Line 2ds at
70, against 95; Central Iowa Ists at 95, against 100; Ohio
temporarj- default in interest.
Rates for call loans during the week on stock and bond col- Southern Ists at 84, against 83 East Tennessee 5s at 45, the same
terals have ranged at i@3 per cent and to-day at 1@3 per as last week; do. incomes at 12, against 11; Richmond &
Danville consol. 6s at 96, against 95; do. debenture Os at 59,
cent.
Prime commercial paper is quoted at •t@5 per cent.
The Bank of England weekly statement on Thursday showed against 53|.
again in specie of £378,487, and the percentage of reserve to
Railroad and Miscellaneous Stocks. Speculation on the
liabilities was 40 13-16, against 33i last week; the discount rate
remains at 5 per cent.
The Bank of France lost 1,358,000 Stock Exchange, while not very active, and at no time showing
any marked or important advance, ])resented a fumer and
francs in gold and 932,000 francs in silver.
The New York Clearing House banks, in their statement ot healthy appearance in the early part of the week. This strength
continued, with only partial re-actions, until Thursday, when
Jan. 10, showed an increase in suqjlus reserve of $7,023,750
the surijlus being $47,044,375, against $40,020,025 the pre- the market gave way under bear pressure, led by a break in
Erie stock and 2d consol. bonds.
vious week.
On Thursday the two important failures occuned, though
The following table shows the changes from the previous
•week and a comparison with the two preceding years in the they came too late to affect prices that day. The failure of
Messrs. John J. Cisco & Son was a surprise to most people, but
averages of the New York Clearing House banks.
the firm had little or no liability on the Stock Exchange.
With the exception of these failures there have been few
ISS.S.
Di ffer^n ces fr^m
188-1.
1883,
Jr.H.lO.
Previoits Week.
Jan. 12.
developments in financial affairs, and much of the strength of
Jan. 13.
liOand and dls. $2!ir..i5a,6oc. Dec.$l ,734.100 1^329,897,200 $317,891,200 the market was due to a better feeling, as shown in the fact
Specie
9.5,177,000 Inc. 7,309,200
69,070.20(
62,477,?0U that prices gained in the absence of any depressing rumors,
Circulation
U.2(i2.600 Dec.
1 S6.200
14,6.58. 3)(
17,520,700
Net deposits.. 349.247,300 Inc. 8,431,000 338,253,700 307,920.000 indicating a general tendency to improvement before the
failures of January 15.
The condition and prospects of the
Legal tenders.
39,779,200 Inc. 2,422,300
30,644,800
22,372,900
Legal reserve S87,311,82,«i Ine .$2,107,750 $84,563,925 $76,980,000 coal ti-ade have not been improved by the refusal of the PennKeserve held. 134,956,200 Inc. 9,731,500
98.715,000
84,850,700 sylvania Bailroad to join the combination, and the coal road
stocks, especially Lackawanna, have been among the weakest
BnjplnB
i47,6l4,37fllnc ,$7,623.750 $14,151,075
$7,870 .700
on the list.
Exchange.— Steriing has been very firm in tone all the week,
The grangers were very well supported, and their prices
and posted rates were twice advanced, ^c. each time. This strong on good returns
of earnings and a repoitcd pool movefirmness is due principally to a scarcity "of commercial
bills
ment in the market, but to-day, with the general decline, these
assisted by a slightly increased demand on account of
January stocks also weakened materially, though closing at a partial
well; and as the gro.ss earnings arc maintained at so good a
;
;
,
;
;
—
.
.
remittances.
To-day the rates on actual business were as follows viz
Bankers' 60 days' sterling, 4 81J@4 83
demand, 4 85J@4 80
Cables, 4 86i@4 80J.
Commercial bills were 4 80. Continental bills were: Francs, 5 23}@5 24t and 5
21J@5 2Uleichmarks, 94| and 94|@95; guilders,
39J@39J and 40@40j'
•
;
recovery.
The market this morning was rather demoiidized by the
news of the two heavy failures, and stocks all sold off, but in
the afternoon there was a much better feeling and a decided
recovery in prices, which closed at or near the best figift«s of
the day.
....
JANUARY
THE CHRONICLE.
17, 188.5.]
NEW YORK STOCK
EXClI.vyQE PRICES FOR
87
WEEK ENDING JAN.
HIGHEST AXn LOWEST PRICES.
Satunlay,
Jan. 10.
RAILROADS.
* N
KapliU
'"44"
•30
•0
39
33^1
6
10"4
*6
1st prof..,.
pref.. . .
2<l
44"
'44"
.32 la
•SO
•9
Del
I
lircl.
A
NortUwt'rttem
pref.
la
lloi
Do
(hlcaK<i SI. raul Minn.
A
Iiii
A
.Miniibia
<
A
himl fol. rin.
I.v.
(
A
1
f
^
J
'
.
r
.
Oin
26
prof.
851a
•321a
.
15"4
•20
80
34
•321a
80 14
"sis
5
37 "a
121
Indlnnii lilonminKt'n
I«vkp KrU- A- Westoin
Ijikf Slmro
A
I:niii-ville
Nashville
nni-villoNew Albany A Chic.
Miinhattuii Klevate*!, consol,.
Miiiiti^iitan lifUf-h
•Oh,
OI4
13
7
.
1514
2H
S
35 '4
33»4
341a
3234
lis,
OHi
•81a
•1034
80-14
•7
9
17
201a
131
33
130
34
80
33
130
ii'siU
8"8
8»4
8"4
51a
40
•5
391a
•318
51a
40
•3 "a
3:14
40
l6"ii
"12" "12" •12" "14"
•lOia
iiii
IIV 12
00«9
61=4
25;i^
12
60 14
01
25
>8
65I4
2618
251a
05
C5'4
Co
19
'30'"
"30"
•3
1234
Ilia
0139
0518
•66
•64
61
61
34
siiv'sfSi
834
•05
•3
5'4
31a
•38
62 14
OS
251a
12
eo'a
•07
84
24 14
121a
121a
0534
63
121a
•Ilia
6OI4
0513
oi«B
08
25 Is
(Hbarea)
1. 188.5.
Hlsbmt.
l/oweat.
319
85
121a
13
01 14
651a
2,300
430
Low.JHlgh
Jan. 12 126
13S
80 la 90
7
J«n. 12 128
00
Ju.
UOUJau.
42
30
Jan. 15
Jan. 2
44', Jan. 3
32 Jau. 14
32i9Jau.
380
B hi Jan.
400 10 Jan.
215
Jan.
285 128 Jan.
7;938
317,033
1,840
462,113
2,225
6,108
10
7i4Jan.
23 Jan.
2,836 llO'eJan.
82 84 Jan.
300 12 Jan.
2,800
109,5.30
65 14
6,302
200
1,800
•206
01
8439 Jan.
11934 Jan.
103 Jan.
"445
65
121a
llSHiJan.
70'sJan.
103 Jan.
200 1514 Jan.
2,100 241a Jan.
82i4Jaii.
3,077
1,211
31
Jan.
12 130 Jan.
100 141a Jan.
376,043 851a Jan.
5,530
81a Jan.
55 Jan.
•i'.mo
234 Jan.
050
5 Jau.
1,042
371a Jan.
100
3 Jau.
23 '8
'.'.'.".
60
30
•31
•11
pref.
Minueapoh.'i
Do
A
Lonla
St.
Miiwouri Kan»a»
A
27
pref..
I6I4
Texas
92 14
•7
MoiTis A Essex
Xudhv.ChattanooKa
.
.
A St-i-ouia •
118
13
27
10'4
931a
prof.
New York
New York
Ontario A Western.
Kusq. A Wostoni
26"^,
16-'4
2618
17 18
12
28
93 3,
9
1201a 119
351a 351a 33
88 14
871^ 88
120
93 14
11"8
271a
le-^,
93:14
•7
120
35
:
120
35
87^8
88^8
4ia
i'-2
87
141a
.
Do
11»4
•31
•11 V)
•26 la
1634
•31
11"8
•26
lOia
93 14 93 '8
9
119
35
87 14 8818
New York Central A Hudson.
New York Chic. A St. Louis... '4'*
Do
pref.
New York Lack. A We.steru
New York Lake Erie A West'n "u't'ii'^
.
•31
11»8
118
--Si
41.J
•7'9
•86»4
I4I4
.87
141-j
281a
•41a
41a
•8
88
88
li%
1439
281a
121a
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11 "9 Jan.
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64 Jan.
2 871a Jan.
16 33 Jan.
13 137 Jan.
9 13 Jan.
7 9114 Jan.
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5 10
53 Jan.
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15
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10 40 Jan.
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10 122 Jan.
16 86 la Jau.
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7 131a Jau.
16 631a Jan.
2 07 la Jan.
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2 90 Jan.
6 61 Jan.
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1534 Jan. 2 17i8Jau.
9039 Jan. 2 OS'sJau.
719 Jan.
7 Is Jan. 7
11434 Jan. 2 121 Jau.
33 Jau. 7 36 Jan.
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8i4Jau.
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12iaJan. 14 14i4Jau.
173 Jan. 2 177 Jan.
11
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I.NACTIVK STliCKfi.
A
13^8
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710 70 Jan.
14,325 54 Jau.
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87i9Jau.
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178
05
25
Cuiitoii Cu
Con.'Millilation
Coal
HonioHtako MliilnirCo
Nnw Ctntral Coal
Onlari.i silver Mining
Pennsylvania Coal
1
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tlio
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7
14
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2014 Jan.
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2
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20 Jan.
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17 Jan.
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12
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Week
6 128
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Friday,
Jan. 10.
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128
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Monday
RanfTO Since Jan.
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tlio
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Kojitnn
AND SISCE JAN.
16,
..• ..*• ....
8
8
62
60
137
80\
80
146
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—
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....
1
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. ...
—
.
1
THE CHRONICLE.
88
[Vol. XL.
OU0TATI0N8 OF STATE AND RAILROAD BONDS. JA\IJARY
STATE BONDS.
SECUBITIES.
Alabama— Clasa A,
1906.
Claes B. 58, 1906
Class C, 48, 1906
6«. 10-308, 1900
ArkaDsas— 6b, funded
Ft. 8. 18S.
7s. I Rook
7s, Memp.&I-.KockBR
&
Bid.
Ask.
SECURITIES.
83
100
82 14
104
86
Lonislana— 79, •)on8.,1914
Ex-matnred coupon
Missouri— 68, 1886
8s, dne 1889 or 1890. . .
Asyl'm or Univ.. due *92
Funding, 1894-95
Hannibal <fe St. Jo., '86.
10
10
10
10
7s,L. B.P.B.&N.O.RR
78, Miss. O. <fc B. B. RB.
78, Arkansas Cent. BR.
I
101
1021a'
1890
110>a
SECURITIES.
Bid.
7b, gold,
SECURITIES.
Ask.
16, 1885.
6ECUEITIB8.
Ask.
Bid.
New bonds, J.&J., '93.8
Special tax, all classes.
18
81
S3iti'
106 "a 110
105 >a
1919
Ohio— 68, 1886
South Carolina—
68, Act Mar. 23, 1869)
series,
1914
—
42
50
37
60
»>3
113
113
1924
Begi8t«red
3-658,
42>a
Funding
42
5s.
50 >8
37
37
deferred
District of Columbia—
10-1 "a
Ask.
49»<
6s,
i^
2\t
non-fundable, 1888. (
consol'u 68, 1893
Tenn68see-68, old,1892-8
68. new, 1892-8-1900
Brown
new
0'mp'mise,S-4-5-6s,1912
Virginia—6s, old
6s, new, 1866
6s, oonsol. bonds
68, ex-matured coupon.
68, consol., 2d series
2'«
Consol. 4s, 1910
68,
6«,
2->
WU.C.&Ru.R.
DO
Bid.
Tennessee— Con tinned—
N. Carolina— Continued-
74
63
101
107
107
113
115
New York- 68, reg., 1887 106
113
88, loan, 1891
115
6s, loan, 1892
117
68, loan, 1893
80
N. Cfarolina—6e, old. J.*J.
10
Funding act, 1900
'•i
Georgla-as, 1886
78,1886
Bid.
,1
e-n
-
.
IIOI4I.
1899
RAII.ROAI> BONDS.
1
O.— Ist, 68, Prk.Br. 113
Box.C. Rap.&No.— Ist, 5s 103
Balt.<&
Registered
Mlnn.<fc8t.L.— lst,78,gu.
la. Clty.& West.- 1 st, 78
C.Bap. I. F.& N.— 1st, 68
•90
120
l8t>58, 1921
P.— Cons., 68
Bnir. N. Y.
&
General, 68, 1924
Can. 80.—1st, int. guar. 68
24,68, 1913
Beg., 58, 1913
Central Iowa— let, 7Sj '99
East. Div.— Ist, 68, 1912
lU. Div.— Ist. 6s, 1912..
Char. Col. <ft Aug.— Ist, 78
Chesapcak^^ & Ohio—
Pur. money fund, 1898..
6b, gold, series A. 1908
68, gold, series B, 1908
6s, currency, 1918
96
69
86
103'4 104
721a 731,
25
Land grant, 3ia8, S.A..
B.T.Va.&G.— lst,7s,1900t
27
1st, cons., 5s, 193()..
&
Consol. 78, 1905
lst,7s, I.<tD.Ext.,1908
Ist, B.W. Div.. 6s, 1909.
2d, consol., main llne,88.
123 125"
No., 88,1916
2d. Waco
119 119i»! General, 8a, 19'il
118 119i< Honst.E.&W.Tex.- lBt,7B
109 i) llOia
2d, 68, 1913
1171a
I
&
1st, 58, LaC.& Dav.,1919 •95 "a
l8t,8.Minn.Div.,68,1910 1081a
1st, H. A D., 7b, 1910... '116
Chlo.<fc Pac.l)iv.,«s,1910
lst,Chlo.& P.Wy6s,192]
Mln'l Pt. Div., 58, 1910.
C.& L.8np.Div.,68, 1921
W1B.& Mm.Div..58,1921
Tenniral &8, 1914
Chic. & NorthweBt.—
Sink. fund, 7s, 1885
1885
Coupon, gold,
1st, 7b.
7b,
114'"
112
91
95
931s "94 ii
104 -i
134 136
1041a
1041a 105
1902.
12534
126%
Reglst'd, gold, 78, 1902 •125
Sinking fund, 68, 1929..
Sink, fund, 6s, l'J2»,reg llOi.
Sinking fund, Ss, 1929.
104
Sink, fund, 6s, 1929, reg
SInk'g fd. deb., 68, 1933
26 years cUb. 58, 1909
KegiHtered
94
96
9336
9334
Escanaba & L.8.— l8t,6s
DesM.A Min'ap.— lst,7ii
Iowa Midland— Ist, 8s..l«130 ISOHi
Peninsula— let, conv. 78l 11*7
Chlcife Milw'keo— l8t,78 *i21 -a 123
,
Wln.<ftSt.P.-lBt,7B,'87
104V105
II9I3.
2d, 78,1907
let.
45
87
11§
110
T.H.— lst,78 112
St.L.Altfln
i'iois
2d, pref., 7s, 1894
"98'
lOOV
2d, income. 78, 1894 ....
BeUev.A So. 111.— 1st, 8s
SfeP.Minn.A Man.— l8t,7s 'lOSia
1111
2d, 68, 1909
A
105
1023^ 103
131
129
102
/^OJia
109 1110%
101 la 108
105
101
103
'
N.Y.N.H.AH.— let, rg., 481*105
Nevada Central— Ist,
108
Wab.8t.L.APac— Gen'l 6e
Chic. Div.— 5s, 1910
---.:•
68..
I
7e'» N.Pac.-G.l.gr., l8t,cp.,6s; lOOia ioi"
Registered, 6a. 1921. ...|*iOOi^
"ee"
N.O. Pac— let, 68, g.. 1920;
103% 10334 Norf.&W.—Oen'l, 68,19311'
92 ij
1151a 117^
New River— Ist, 6s,1932' 94 95
OhioA Miss. —Consol. 8. fd.i 116 120
82 14 87
1161a 120
Consolidated 7s. 1898
75
2d consolidated 78, 1911 113iai
80
105
Ist, Springfield Div., 78
65
Ohio Central— let, 68,1920 "ii" 59
Tol.
•67
70
68.
Oreg'n RB.A Nav.— lst,6B 107
86
Oregon Imp. Co.— Ist,
llSijI
118
Omaha Div.— Isti
Clar'fta
A Ev.— Ist, 6s
Tm8t,
68..
5s, 1907
KauB.Pac- Ist, 6s, '95
Ist, 6s,1896
126"ai
Denv.Div,Os,a«'d, '99
iVi'ia II5I4!
Ist, consol., 6s. 1919
C.Br.U.P.— F.c.,7s, '96
At,C.A P.— l8t,6B,1905
At.J.Co.AW.— 1st,
118
100
78
'
100
80
90
I!
UtuSo.— Gen.,
1909
7b,
Exten., 1st, 7s, 1909
Mo. Pac— 1st, cons., 68
3d, 78, 1906
Pac. of Mo.— Ist, 68..
2d, 7s. 1891
A O
So. Pac. of
80
80
89
Income
t
A Id. gr., reg.
Rio G.,68, Ang.cp. on
do ex Ang.coup.
Pennsylvania RR.—
.
Pa.Co.'B guar.4 iaa,l 8t,cp
t
ConpoDS
off.
80
75
105 13 106
92
97
108
78
99
101
INCOME BONDS.
1
(Intfreitpaziablcif earnsd.^
A Pac— InCi 1910
Centralof N. J.— 1908..
I'Atl.
liCent.Ia.— Coup. deb. certs.
Chic. A E. lU.— Inc., 1907
DesM.A Ft.D.— l8t,tnc,68
Det. Mack.
Marq.— Inc.
E.T.V.AGa Ino.,6s,1931
Eliiab. C.
Nor.- '23, Inc
171a
18
Ilia
12
10
,
118
&
108
Ind'sDecA Spr'd— 2d,ln«,
85
96
91
1121a
Consol,
10-2
'76
361a
53=4
51
96
SO
16
1921...
A Wllkeab.Coal- '88
Lake E.A W.-Ino.,78,'99
Leh.
BO
84
90
Sand'ky Div.— Inc., 1920
lOO
Laf.Bl.AMiin.-Inc.,'78,'99
Mil. L. 8h.A W.— Incomes
•11
Mob. A O.— Ist,prf., deben^ "56'
'10234 1031a
106 1061a'
108 lllia;
09
inc., 68,
Tmat Co. certificates ..
911a
9813
70
961a lAlleg'ny Cent.-Inc, 1912
1061a 106
921a 94
"891a
80
ll'i>s
1-.
1021a'
2d, pref.. debentures
3d, pref.. debentures.
4th, pref.,^debeutnre8
101
N.Y.Lake E.AW.-Inc
99 la! ;n.Y.P.A 0.-l6t.inc.ac,78
100 la' lOhio Cent.— Income, 1020
Mln'l Div.-lnc,78,1921
Ohio So.— '2d inc. 68, 1921
941a' Ogdena.A L.C.— Inc.. 1920
66%
30
31a
I
Mo.— lst,63 102 i,
Coneol., 68. 1905
98
95
97
91
•30
A
Tex.A Pac— lat, 68.1905 1041a
. .
1041a 107
Br.— 68, 1919
Gr.BayW.A St.P.— 2dJne.
Ind. Bl. A W.-Inc, 1919
110
107
StL.A 8.F.-2d, 6s, CIA 100
3-68, Class C. 1906....
3-68, Class B, 1906....
l8t, 68, Pierce C.
Equipment, 78, 1895.,
Gen'fmort., 6s. 1931..
110
106
'100
68
Greg. Short L.— 1st, 68
. .
82
75
St.Chas.Bge.— l8»,6s
No. Missouri- lat; 78 111
We8t.Un.Tel.-1900,ooup. 110
109
1900. reg
N.W. Telegraph-78i 1904
Mut.Un.Tel.-B.fd,68,1911
671a
Spring Val. W.W.— l8t,68
Evans.Dlv.— lst,6s,1920
do
11514
102
Peoria Dec.
Collateral
124
124
Ill.A So.Ia.- l8tex.,68
St.L.K.C.&N.- R.e.,7s
ib7'ii
Panama— S.f., 8ub.6a,1910
Peoria A Pek.U'n— let, 6s
Pacific Railroads1091a
Central Pac— G., 6b
San Joaquin Br.— 68.. 105
Cal. A Oregon— Ist, Os •96 la
Cal. A Dr.— Ser. B, 68, •96
Laud grant bonds, Os. 101
West. Pac— Bonds, 68 106
No.Rway(CaI.)-lst, 68 103
l8t,«B •96
80. Pac. of Cal.
So.Pacof Ariz'a— Ist, 68
So.Pacof N .Mex. -1 8t,68
Union Pacific— Ist, 68 .. llO't
Land grants, 78, '87-89 107 13
Sinking funds, 8b, '93 II714
Reg, 8h, 1893
72 --4
U,A Tol.— Ist, 78, 1890
Han.A Naples— Ist, 78
Or.ATran8C'l-68,'82.1922
Iiebeiuiirea, la, 1884...
A W.-lst, ext., 7s
Ist, St. L. Div., 78, '89
2d. ext.. 7s, 1893
Equipm't bda, 78, '83.
Consol. conv., 7b, 1907
GtWesfn- Ist, '7s, '88
2d. 78,1893
::::::i:::::'
831a
80
60
40
Detroit Div.— 68, 1921 ..
Cairo Div.— Ss, 1931 ....
Wabash— Mort. 7s, 1909
Term'l
Ohio
Oreg'nA Cal.— l8t,6B,1921
1081a
691a
1'20
Tr., 6e, 1920
Mln'l Div., 68, 1921
So.— 1st, 68,1921 ....
•36
Ind'polis Dlv.-Gs, 1921
!
iBt,
let,
•63 la
Hav. Div.— 68, 1910
Tol.P.AW.— Ist, 78,1917
Iowa Div.— 6a, 1921
105
90
118
coup., '2d, 7b
reg., 2d. 78 ...
l8l. RK.— iBt, 78, '98
86
Mt— 1st, 7s
j
Lake Shore— Div. bonds
reg.. ist, 78...
Iron
1
A Erie— New bds
Kal. A W. Pigeon— let
DetM.A T.— l8t,78,1906
coup., Ist. 78.
A
2d. 7s. 1897
!
LBhore.-M.S.AN.I..B.f.78 102141021a
Cleve. A Tol.— Sink'gfd lOiag'loiBg
New bonds, 78, 1886.. IO434I
Consol.,
Consol..
Conaol.,
Consol.,
K(l
I
Int.AGl.No.— 1st, 6s, gold
Coupon, 6s, 1909
Kent'kyCeut.— M.6b,1911
stamped, 4 p. *„ 1911 ..
. .
Rlig
»«
1131a 116
1041a 104 •»
Arkansas Br'ch— 1st, 7s 105 106
104
Cairo A Fulton— 1st, 78
108
Cairo Ark. A T.— let, 7s 101
70
72
Gen'l r'y A 1. gr„ 5s,1931
St. L.
ios"
.
C—
Ash.— 78.
1
*104ia
104
90
.,
104 105
2d Div., 7b 112
Dub. A S.
116
Ced. F. A Minn.— let, 7b
Ind. Bl. AW.— iBt pref.,78 113
75
76
let, 4-5-68, 1909
•66
60
2d, 4.5-68, 1909
78 14 79
Eastern Div^Os, 1921..
Indianap.D. A Spr.— l8t,7s 103 105
2d, 58, 1911
A
68
107
881a
61
'
Dakota Ext.-6B, 1910..
Registered
iBt, consol., ee, 1933...
Hnd.TUv.-7s,2d, s.f '85 *101 1«
let, cons., 68, reg., 1933.
Harlem-l8t,78,conp... 130
"130
130--jl
118 119
Min's Un.-lst, «s, 1922
let, 7s. reg., 1900
114
N.Y. Elev'd— 1st, 78, 19061 115 llSiai St. P. A Dnl.— lat,58, 1931
So. Car. B'y— 1st, 6s, 1920
N.Y.P.A O.-Pr.l'n, 6s, '96i' -... 105
ill"
36
2d, 6s, 1931
N.Y.C.A N.— Gen.,6B,1910 I 34
1'26
Shonand'hV.— l8t,7B,1909
,34 .35
Trust Co. receipts
105 14;
General, 69, 1921
•65's 66 14 N.Y.A. N.Engl'd-l8t, 78 104
'93
Tex.Cen.-l8t, s.f.. 78,19091
let, 68, 1906
Ist mort.. 7s, 1911
911a,
N.Y.C.&St.L..-l8t,68,1921
96
Tol. Del. A Burl.- Maln.6sl
2d. 6b, 1923
l8t, Davt. Div., 68, 19101
N.Y.W.Sh.A Buff.— Cp.,6s •343, 35
•33
841a
Ist, Tef'l tmst, 63, 1910;
Kegistered, 5h. 1931
,,,
*114 II5I2 N.Y.Snsq.AW.— 1st.
60
Tex.A N. O.— Ist, 78, 1905
95
Sabine Div.-]st.68,1912
Debenture, 68,1897
,„
103
Va. Mid.-M. inc., 68. 1927
Mldlandof N.J.— Ist, 6s *70
Gold, 6b, 1951
Buff.
m
Debenture 68, 1927
63i«
Atl.A Ch.— lst,pf.,7s, '97/ 107
10434
i(00 .
Incomes, "19<
69
Scioto Val.— 1st, cons., 7s.
,»*,
66
62
104
1887...
1051a'
190'?
Cleve. P.
Consol., Ist, 68,1922....
Rich.AAlleg.— l8t,78,1920
Rich. A Danv.— Cona.,g.,68.
'
il6
106
7IS
Roch.A Pitt.— Ist, 68.1921
;?,5
ll'2Ja
10'2-a 1031a
95 >a
1081a
Con., 1st, ext., 68, 1922.
100
113
certs., ext'd 5s
let, reg., 1903
Deb. 6s, 1904
I
6fl,
Rome W.A Og — l8t,78,'9l
I-
'•
N.Y.C.AH.-l8t,cp.,78 130
84
120
10634
10234:10314
HU.&Mad.-lst,68,1905
120
Long
Olt. C.F.*St.H.— let.D8 100 ig 101 la
103
let, consol., Ss, 1931
O.C.C.A Ind'B-lBt,78,8.fd.>120 l-^lHi Louis. West.- 1 st, 68 . ._
Consol. 78, 1914
116
Loulsv. A N.— Consol., 78.
Coneol. sink, fd., 78,1914 115
Cecllian Br'cli— 7a, 1907
General consol., 6s, 1934
961a
N.O.AMob.-lst.08,1930 •741a
ClilcSt.P.Min.& Om.—
•2d, Oa, 1930
Consol. Us, 1930
llOia 111
E.H.AN.-lPl.Us,
CatPAM.— lBt.eB,1918, 117 11713 General, 6s, 1930 1919 991s
77
liro.Wls.-l6t, 6b. i930.
Pensacola Div.— 68,1920
St.P.& S.C.-lst,6B,1919 1161a
•94
St. L. Div.— Ist, 68, 192]
Chlc.A E.lU.-l8t,8.f.,cnr.
106 la
•38
2d, 38, 1980
Ohlc.St.L.A P.— Ist.con.Ss "ii'
75
Nashv. A Dec.— 1st, 78.
Ohio. & Atl.— Ist, 6e, 1920
8.A N.Ala.—8.f.,e8,1910
2d, 68,1923
Lonlsv. C.A L.— 68. 1931
OhlO.AW.lnd.— Ist, s.f., 6b 100
Trust bonds, 6s, 19'22...
73
Gen'l mort., Os, 1932.
100
1040 Aidmt. 6p, 1924. •62 le
0«1.A Green.— 1st, 6b,1916
L.Erie A W.— let. 6s, 1919
79
8*^68, 19'26.
Sandusky Div.— 6b, 1919 77"
ColH.Val. A Tol.— Ist, 5« 60
68
Laf.Bl.A M.— Ist, 68,1919
Del. L.AW.— 7B.conv.,'»'<!
Louisv.N.Alb.AC.— Isttt •90
Mortgage 7b, 1907
General mort., 68, 1914
8ji.liinK.itt ^ .Y.-l«t,78 •126 .180
Lou. N. O. A Tex.— 1 st, 6s
87 1»
* Ko pricss Friday these ue latest quotations made this week.
;
Deb.
(Jen— Spd.Div. -Cp.68 110
Middle Div.— Reg., Sa. . 1061a!
C.St.L.A N.O.— Ten.U7B 1181a'
1st, consol.. 7b, 1897
2d,
94
----"I
2d, 6s, 1901
821a
4th,a.fd„6s,1892
------
Ask.
1-22
107
St.L.V.AT.H.— l8t,g.,7s 114
2d, 78. 1898
2d, guar., 7s, 1898.... 105
PlttB.B.A B.— ISt, 68, 1911
166'
I
Bid.
133
130
2d, 78,1912
3d, 78. 1912
Clev.A Pitts.— Con8.8.fd.
Extension, 6s, 19'27
N.Y. Central— 6s,
111.
iO!)
92
Coneol. bonds, 7s, 1915.
Extension bonds, 7s, '85
„
j24
1041a 106
87
I
RR.— Continned—
Pa. Co.'sReg., 1921....
Pltt.C.A St.L.— l8t,0.,7B 119
Ist. reg., 78
2d, 78,1913
Pitts. Ft.W.A Chic—1st 13014
93
92'a
Morgan's La.A T.— Ist, 68
Nash.Chat.A St.L.— lst,78 116
iis'
4434
8ECUBITIEB.
Ask.
N.Y.&M.B'h— lst,'78.'97 ,„.
106
—
109
I
Penn.
MetropoUt'nEl.— l8t,1908
'-'d, (fs, 1899
Bonds. 78, 1900
122
Mex. Cent.— 1st, 7b, 1911.
780t 1871. 1901
12334 124 14
Ist M.. 7s, ex-op., 6,7A8
Ist, consol., guar., 7s.
Mich.Cent.- f'on8.7s, 1902
N.Y. Lack.A W.— Ist, 6s 1171a
971a
Consol. 58, 1902
78
Constniction, 58, 1923
68, 1909
Del.* Hud. Canal— Ist, 7s 112
113
103»<
Coupon, 58, 1931
iBt. ext., 78, 1891
118
91
Bcgiatered, 5s, 1931
Coupon, 7s, 1894
1118
Jack.Lan.ASag.— 6s,'91.
Registered, 7s, 1894 ....
Milw. A No.— Ist, 6b, 1910
Ist, Pa.DiT., cp., 78, 1917 1311a
Ist, 68, 1884-1913
Ist, Pa. Div., reg., 1917. 131
Mll.L.S.AW.— lst,6s,1921
Alb. <fe Snsq.— 1st, 7s ... 107 "is
Minn.A8t.L.— lst,7B,1927
103»s 104
2d, 7s. 1886
IowaExt.-l8t,78, 1909
iBtcons., gnar.7B,1906 122
2d, 76, 1891
Registered
11234
S'thw.Elt— l8t,7s,1910
961a
iBt, cons., gu., 68, 1906
72
Pac. Ext.— 1st, f>8, 1921
Registered.
Mo.K.AT.-Gen'l,63,1920
Rens. * Sar — iBt, cp.,7B 134 136
133
General, 58, 19'20
let, reg., 78,1921
ConB. 78, 1904-5-6
Denv.A Rio Gr.— 1st, 1900 821a 84
47
Cons. 2d, income, 1911.1st, consol., 78, 1910
82
H. A Cent. Mo.-lst, '90
Den.So.Pk.A Pac— Ist, 78
38
MobUe A Ohio—NewOs..
Den.A RioO.We8t.-l8t,68 37
60
CoUater'l
trust, 6s, 1892
lBt,68
Det.>fack.JiMarcj.—
Mortgage t)B, 1911
Divisional Ss, 1930
Clies.O.&B.W.— M. 6-6s--. •70
Ellz.C.&N.- 8.f.,deb.,c.,6B
Cklcsgo & Alton— Ist, 7s. 117
Ist, 6b, 1920
II714
einlBng fund, 6s, 1903..
119i! EUz.Lex.& Big Sandy— 68
I*. * Mo. RlT.— Ist, 78. 120
Erie— let, extended, 7b . .
2(3,78,1900
2d, extended, 5b, 1919 ..
St. i. Jack. & Chic— 1st 1161a
3d, extended, 4iaB, 1923
1st, guar. (564), 78, '94 1161a
4th, extended, 5b, 1920
120
2d, (360), 78, 1898
5th, 7b, 1888
2d,gnar. (188), 78, '98
Ist, cons., gold, 7b, 1920
Mlss.R.Br'ue— Ist, s.f .6s
Ist, cons.. Id coup., 78..
0.B.& Q.-Con80l.78, 1903
1291a
Reorg., Ist Uen, Ss, 1908
6b, sinking fund, 1901
Long Dock b'nds, 7s, '93
eiH 97»i BnflVN.V.&E,— I8t.l916
6b, debentures, 1913
la. Div.— S.f d., 5s, 1919
N. Y.L.E.AW.-New2d 6
94 14
Sinking fund, 48, 1919
CoUat'l trust.68,lfl2
Denver uiv.—4b, 1922.. •921a
Buff.* S.W.— M.,68,1908
Plain 4s, 1921
Ev. & T. H.— 1st, cons., 68
C R.I.& P.-68,op., 1917. 126 127
Mt.Vem'n— Ist, 68, 1923
126
68, reg., 1917
Fargo* Bo.-lst. 6s, 1924
Keok. & Des M.— Ist. 5s 104 la
Fl'tAP.Marq.— M.68,1920
Central of N. J.— Ist, 1890 II4I2 115
Gal.IIar.&S.Aat,— lst,68
lBtcon8.a88ented.1899 t
97
98'f
2d, 78, 1905
9812
Conv., assented, 7b. 1902
West. Div.— let, 5b
A^Jnstment, 7s, 1903... 103
2d, 6b. 1931
Conv. debent. 6s, 1908.
Gr'nBayW.&St.P.— lBt,6s
Leh.&W.B.— Con.g'd,B8.
92
Gulf Col.A S. re— 78, 1909
AJn.D'k&Imp.- 58,1921 80
•2d, 68. 1923
Chic. Mil. & St. Paul—
Hann. & St. Jos.— 8B,conv.
130
Ist, 8s. P. D
Consol. 68, 1911
2d, 7 3-10, P.D., 1898--- 122
Houston & Texas Cent.—
l»t, 7b, $ g.. B.D., 1902. 125
Ist, M.L., 7s, 1891*...-.
iBt, LaC. DlT., 7s, 1893. 117
117>s
Ist, Western Div.. 7b t..
lSt,l. <fcM.,78, 1897... 117
119
Ist, Waco* No., 78t...lefcl. *D., 78, 1899....
1st, C.
M., 7b, 1903...
Bid.
Manhat.B'ch Co.— 78,1909
119
Atot'T.* S.re-4 ias. 1920
Sinking fund, 68, 1911. -|
AU. & Pac.— let, 68, 1910.
Conso!., Ist, 5s, 1934...
SECUEITIES.
Eld.
Del. li. <t W.— Contin'd—
If orris <ii: Kssex- Ist, 7s 135ia!136
»114ia .
2d, 78, 1891
Railroad Bonds.
(Stock Exchange Prtcei.)
Ala. Central -1st, 6s, 1918
Alleg'y Cent.- l8t,6.s,1922
SECURITIES.
Ask.
1043,
78
37
PeoriaD.AEv.— Inc., 1920 •25
Evansv.Div.— Inc., 1920 •20
PeoriaA Pek.Un.— lne.,6» •50
Roch.A Pltt«b.—Inc.,1921
Rome W. A Og.— Inc., 78.
So.Car.By.- Inc., 68, 1931
St.L.AI.Mt.— lBt,7s,pr.lJi.!
20
St.L.A.AT. H.— Div.
15
bds.
62%
'
..
.
:
Jantart
—
J
!
..
17, 1888.]
New York
THE CHRONICLE
89
m
Boston, Philadelphia and Baltimore.
Local S^oritles.
qnoUtlong
laaaranee Stock
Bank Sloek
List.
Uu.
Markml
tliiia (•)
ore
Amn. Kxohaag*
Brmwlway
Ant^hAra* A DroT's'
Batchars*
CentnU
Ohue
. .
Cbatham
Chemical
Cltlieiia'
City
Oonunera«
Continental
Com ExfhADjre*
East River
Kleventli Ward*
Fifth
Fifth Avenae*
First
Fonrth
Fnlton
Oallatln
Oarfleld
German American*.
Oennan Exchange*
Germanla*
Greenwich*
Hanover
Imp. 4 Trader*'
Irving
Leather Manot'ra' .
Manhattan*...
Marine
Market
Mechanics'
Meohanica'A Trade'
MerchauU' Exch
MetropoIU"..
.
.
.
Metropolitan...
Murray HUl'...
Naasan*
Kew York
Hew York
]
*
Cooaly
W. T. Nat. Kxeh...;
Klnth
North America*"!"
North Kiver* .
Oriental*
PacUlo*
Park
People's*
Phentx
Produce*
American ..:
Amer. Exchange
12S
liaia
107
180
RepnbUo
Seventh Ward.. .
Second
Shoe A Leather.!"
New York
Third
Tradesmen's
125
United states..!
Wall street
West Side*...
""
25
17
Brooklyn
115
Eagle
119
118
ISO
140
260
266
l»d
160
140
lie'
128
90
125
130
90
10
24
120
155
140
96
107
114
9Ti
133
118
no
60
230
230
75
Empire City
76
Excnange
103
Farragut
75
Firemen's
17
40
Firemen's Tmst
10
Franklin & Emp.. . 100 100
Qerraan.American . 100 200
Germanla
60 120
Ololie
60 105
Greenwich
26 220
60
100
Guardian
105
16
Hamilton
Hanover
60 120
100 115
Home
50
Howard
60
40
Irving
100
JeiTerson
30 118
Kings C'nty (Bkn.). 20 200
Kuickerboeker
83
40
100
I.onK Idl'il (B'klyn) 60
Maiiufac. & Build.. 100
100
40
Meili. <t Traders' .. 25
Mechanicft' (Bklyn) 60
100
Mercautlle
55
60
Merchaute'
60 100
Moutauk (Bklyn.).. 50 100
Nassau (Bklyn.) ... 50 145
National
37 "a 80
N. Y. Equitable ... 35 146
75
N. Y. Fire
100
Niagara
50 120
Noitli River
103
25
P^clflo
26 165
Park
100 100
Peter Cooper
20 145
People's
SO 100
Phenix
50 125
25
115
Rntger's
90
Standard
60
45
Star
100
Sterling
100
50
Stu yvesant ?.
26 105
25 120
United States
10 120
Westchester
WilUamsbtu-g City
60 210
Commercial
160
110
ICiO
20
70
100
50
100
40
100
30
60
Continental
145
too
155
I
135
130
110
168H!
147
!
I
100
100 115
100 90
100
100
100 105
100
160
110
150
180
170
145
125
125
80
237
246
80
100
108
86
70
108
216
130
110
260
67
111
130
124
65
60
126
210
90
110
112
55
110
63
105
107
150
PO
156
85
126
108
175
108
155
110
135
120
100
56
57
120
126
126
226
97
60
100
60
100
Gaa and City BjUIroad Stocks and Bond*.
[Oaa QnoUUona by Geo. H. Puemtibb A Co., Brokers, 49 Wall Street.]
GAS COMPANIES.
Par.
,
I
I
I
26 12,000,000 Var's
"':^^ Oaa-L. {Bklyji).
20 1.200.000 Var's
1.000
269.000 A. AG.
n?JS??
Harlem . . .'. ! !! !!
50 2,000.000 F. A A
Jersey City A Hoboken..
20
7,';6,000 J. A J.
Manhattan
50 4,000,000 Var's
Metropolitan
100 2,500.000 F.& A.
Bonds
1 oofl
700,000 F. & A.
Mutual (N.Y.) :!!:!::::::' -ygS 3,.'>00,000 Ciuar.
'
i
I
I
|
I
I
'
i
:
Bonds
Nassau (Bklyn.)
New
1000 1,500,000
'
i
P»ple's (Bklyn.)
fOTds
Bonds
1
I
I
WllUamsburg
Bonds
50
Bonds
il,0(K),000
1,000
M«Oj^tanCBki>iV:
Clnar.
1.000,000 A.
&0.
100 1,000.0001
100 3,000.000' Var's
1,00!); 76O,0OOiM.&N.
100 ,3,000.000]
,.!.!
Fulton Municipal"
Bonds
SOO.OOO'j.
100 2.000.0001
1
Equitable
Bonds
A
IQaotaU oDB bj H.
Istmort
1
Br'dway<t7thAv.-Sfk.
U Grakt,
900,000, J.
100
100
uentral C'rosatown— Stk
Istmort
!
CmtPk.N.A F, Jtiv.l-'s tk
Consol. mort. bonds
.
600.000 Q.— F.
600,000' Q.-J.
250.000 M.AN.
1,000
100 1,800,000
1,000 1,2(X).000
Ohrlsfph'rAlOth St— stk
100
Bonds....
DryDk.E.B.A Bat'y-stk 1,000
100
1st mort., consol
Scrip
Scrip
Hd A
(ir'td
Istmort
..|
s't.P'ry^tk
At
3d mort
CooaoL
tilth
Stock
i
"
.
At.—stock...'.!!
H.">0.0(M)
g.— F.
A.AO.
100
Bonds not mortgage
Trmty.inird 8t.-sSM;a
8%
Det. Lansing A No., pref.
Eastern, Mass
Preferred
Iowa Falls A Sionx City
Kan. C. Springf. A Mem.
Little
Rock
A
Smith
Ft.
11
Louisiana A Mo. River.
Prefen-ed
Maine Central
48
471a
17
130
80
78
44
28
2.'-.0,O0O
I
'
19
1900
500,(M)0
Q.-F.
A.AO.
U.-F.
.1.
:1.(<6'J.OOO J.
1.10,000
l.O.'.O.OOO
|l,.'iOO,(WO
A
A
J.
J.
J.
600,000 K.A A.
2.">0.000 M.A.N.
This oolDwn snows last dividend
on
tlockfi.
'851
24
j
July, 1900 111
7
25
II2H1
2
Jan..
'3.^170
172
5 IJune.l90rlO:is, IP4'i
3I2 Nov., '84 216
220
6
iJau.,
Oct.,
4
1902 108
841160
1
112
166
Jan., 1888 105
112
'Nov., '84 162 |l67
'85150 1160
IhJSLll.,
6
,Vov..l922 110 |ll2it,
Jan.,
-85 141 ".J 144";
2
7 ,r)ec.,1902ilJ0'.., 122>v
li-jNov,. '84 132 1137
7
oci., 1898
116
2Hl Nov., •84!l89 1I9I
7 iJnne, '93114
II6H1
J
Feb., 1914101
105
'85 '240
2'alJan.,
265
6 |Keb.. 1914 104
105 >a
'85 245
Jan..
26.i
'April, '93 1 1 /
117
7
2
no
Nov.,
July,
I
Jan.,
Ajiril,
85
May,
'88 10.1
'84 160
'90 110
•84 280
Ni.v.,
I
I
•84 140
•94 111
.So 17l>
185
lOOlj loik^
'90 111
Aug,, '84 183
J an..
|.M«y.
150
II3I5
93 110
106
I
1113
,300
1113
100
I113
bat dale o( maturity of bond,.
Pennsvlvanla
'
i
99^
Cons., 68, 1920...
Cons.. 5s, 1920...
Phlla. Newt.
N.Y.— let 105
Phil.
H.— lBt,68,1910. 118
114
2d, 7s, coup., 1893
II6H2
Cons., 7s, reg., 1911
Cons., 7s, coup., 1911 .. 117
Cons., 68, g., r.R.C.1911
Imp., 68, g., coup., 1897
71
Gen., 69, g., coup., 1908
Gen., 7s, coup., 1908
Income, 7s, coup., 1896 "ii'
Cons. 5s, l8tser.,c.,1922
A
IDS Hi
120
lUi«
118 Hi
118
71%
86
40
26
42
MH.
Pitts. Titus.
A B.— 7s,cp
ShamokiuV. A Potts.— 7s
40
Shen. Val.- Ist, 7s, 1909
Gen'l 6.1, 1921
80
Income, 6s, 1923
Income, 5s, 1914
Sun bury A Erie— Ist, 78. 118
Sunb. Ha?,. A W.— Ist, 6s
98
2d, 69,1938
65
SjT.Gen.A Com.— Ist, 78
Tax.
A Pac— 1.5t,
63,1905
99
66^4.
i'o"3"'Hi
CANAL BONDS.
.1
!
Cons., 7s, reg., 1911
Pennsylv.—68, CO., 1910..
Schuylk. Nav,—l8t,6s,rg.
2d, 6s, reg., 1907
9
15
P
59
64H1I
01
'4
"50
.
A
't
'
Erie
121,
...
A Raiding
8H1
Wilm. A Bait
PlMsb.lin.A St. L.—tiom.
United N. J. Companies
193 Hi 194 H,
West Chester— Cons. pruf.
West Jersey
West Jersey A Atlnuilc.
38 Hi
Phlla.
CANAL STOCKS.
Lehigh N.-ivlgaiion
Pennsylvania ....
Parkersburg Br
—Com
Central Ohio
Pret
60
50
60
50
Western Maryland
RAILROAD BO.VDS.
Atlanta A Charl.— ist
A
Wash. A
Charl. Col.
2d
Cin.
Allegh. Val.-7 3- 10s, '96
7s, E. eit., 1910...
Inr. 7s, end., coup., ^94
A
'is'
"le"
Pitt...l>.— Isi.Os
Ist. 6s, re:;.. 1908
Bait.— IsU.
90
98 »»
Belvl.l'e Del.— l8t,6s,l»02
2d. Os, l.«85...
3d, 68. 1887....
Bell'sGap- 1st, 7s, 1893.
Ist. Hs, 1901
Consol., b», 1913
Buff. N.Y.A I'iiil.— l8l,6s
"...
•Jd,78, 1808
Cons. 0», IDVl
Ist.Tr.Bs. 1»'22
I
121
103
103
116
Hi'
65
68, 19tH),
68, gold.1900.
J.AJ....
115
102
A.AO
6b. weries
A
Scries
B
A
10034
Per share.
guar.,
118
l23Hi
1st, g.,
J.AJ
J.AJ
105
107%
A
WUm. O A A:ig.—68
WU. A Weinon— Gold, 7s.
In default.
102V
I'.Ois
Tenn.— 5s
2d, guar, by W.Co.,J.AJ
J
6s, 3d, guar., J.
<
llS>a
100', lOllt
Pittsb.AConcUs.- 7sJ*J 119
UuVm llR.-lst,gaa.JAJ 114
Canton endorsed
•2d,
89W
60
30
08
963,
100*4
1I8><
W.Md.—6s,
84
108 <4
57
'85, J.AJ
Virginia
88
loe
28
Nccentral—68,
fls.
51
lOlHl 10344
107'.
lO.iHl
2d8
115^ 118>t
80
"ri
Aug.— lai..
ColumblaA Greenv.— lets
BAILKOAI/ BUNDS.
80
170
117
H
10s
86
Inc
Ball.AOhlo— «8,.'85A.AO
Cen. Ohio.—68, lst,M.AS.
2ds
3ds
39
Schuylkill Nav.. preJ...
Bx.divideod
lat pref.
2ilpref.
8»
117
118>*
84
86
104 Hi
77
BALTIMORE.
52 1,
66 Hi RAILR'D STOCKS. Par
50
Atlanta A Charlotte.
63
BaltimAre A Ohio
100 165
IM1II.1.
'
104
123
127
99
A Del.— 1st, 68,1886
Lehigh Nav.—6s,rog.,'84. 106
Mort. RR., reg.. 1897 .. 115 Hi
A Norristown
Newtown A N.Y
AshUb.
124 Ja
Ches.
49Hi
Phlla. Ger.
I'hlia.
126
1
l'.i2
A Williamsport..
A Broad Top
Phlladi Iphia
iW
94
96
95 14 96
Consol., 6s. 19u5
75'a
68 Hi' Union A Titusv.— 1st, 7b.
40
60
IIH:! United N. J.— Con8.6s,'94
Cons. C8,.gold, I'JOl
116
(I
Cons. Bs, gold, 1908
Gen., 4s, -old, 1923
98
|Warren A F.— l8t, 73 '96 100
West Chestt^r — Cons. vs.. 115
W. Jersey— 1st, 68, cp.,'96 110
1st, 78, 1899
![
Cons.ea, 1009
3
110
6 I'W.JerseyAAtl.— l8t,8B,C. 106
107
Western Penn. 6s, coup. $lO'
6s, P. B., 1896
106>«
IB
Gen., 78, coup.. 1901
61
Prefer! eil
Nov,,
I
16
Preferred
Little Schuylkill
66 '4
Minehill A Sch. Haven..
Nesqnehouing Valley
49 Hi
Norfolk A Wesfn— Com.
PrefeiTed
".
Northern Central
{
North Pennsylvania...!.
>4lJan.,
128
124
106
—
34
Lehigh Valley
M.AS.
|-2,00<),(KK) J.
2«b
3
.MAN
A
A
Phil
6
A.AO.
oOO.IKM) J.
A
Preferred
Huntliigd'n
e"
iai>4
I
E.ist Penu.sylvania
Elmlra
121
134
122
64
I
Gap
Ist prefen-ed
3'«
i
519
2d prefeiTed
Delaware A Bound Brook
106
96
1121s
Conv, 7s, R. C.,1893..t {
34 Hi
Conv. 78, cp.off, Jan.,'85
Phil.Wil.A Bait.—48.tr.cti 94>«'
Pitts. Cin. ASt.L.— 7s.... 120
121
98
Camden
3
5
122
108
113
130
C—
Cons. 58, 2d ser.,c., 1933
Conv. Adj. Scrip, '85-88
Debenture coup,, 18931
Scrip, 1882
28 >«
17
'87 Hi
Catawisaa
3 'r>ec.l5,'84; 80
3>a Nov. 1,'84 104
3
Ocl. 1,'84 98
2>g Oct. 20'84'135
118
i'19'
7,1906
16
Preferred
*81
Metropolitan
82
10 <« 10 ',
Mexican Central
Nashua A Lowell
12>4i 13
N. Y. A New F.ngland ..
Northern of N. llainpsh H8>4l
Norwich A Worcester.. 161H!l62
•148 Hi 14934
Old Colony
Portland Saco A Portsm
16
Rutland— Pi^efeiTed
Suiuaiit Branch
10 Hi!
A Atlantic
Preferred
I
—
A
11 >s
Preferred
1902
104
Jan. 1,'85 xi;7
2'a'Nov.l, '84 90
5
-Vov. I.'84il50
Creek— Ist, 6s, coup..
Pennsylv. Gen., 68, reg.
Gen.,68, cp., 1910
Oil
Perkiomen— 1 st, 68,cp.'87
'84 Hi
«85
Preferred
lie
ibe"
Phil.AElie— 2d,78,cp.,'88 }108Hl'
«114
Fltchburg
1634
Flint A Pere Marquette.
PortScottA Gulf
109
116
111
A
A
Preferred
2
2d, 68,1904
Cons., 6 p.
Cam.
Borl. Co.—6s, '97.
Catawisaa— 1st, 78, con. c.
Chat. M., IDs, 1888
1041s
.
43
PHILADELPHIA.
'84(240
3,
A Ambqy—6s, o.,'89
A Atl.— lst,7a,g.,'98
Mort., 68. Ig89
Cam.
Cons., 68, reg., 1906
Cons., 6s, coup., 1905.
Cons., 5s. reg., 1919....
Pa.
N. Y.
7s, 1896.
109
179
170
104
Concord
Connecticut River
Conn. A Passumpsic
Connotton Valley
Buffalo if.Y.
Preferred
|luly,
1,000
Cheshire, preferred
Chic. A west Michigan..
Cinn. Sandusky A Cleve.
Bell's
J.
100
I
8
172
"108
Boston A Albany..
Boston A LowelT.
11..
I75>a
Boston A Maine
165
Boston A Providence
Boston Revere B. A Lynn '101 "a
Cambrid.e
2'9'Jan.lO,'8,1|120
100 i2,000,iK)0 y.— F,
1,000
.istmort
23i:.000
I
1,000
Slock.'.'.".""
!
•
100
500
100
1.000
1,000
IstBiori,
ri^ At
D.
.'.W.OOO
1,20<1.(H)0
1,000
Istmort
t
A
900.000 J. A D.
100 1,200,000 K.A A,
100 1,0(HI.OOO, Q.—
100 I.o<l0,'i00 F A A.,
100
748.000 Q.-F.
...I
Hpust.W.St.AP.F'y-lstk
J-'s—
'Second
Q.—J.
J.
500.tc.
..
Eighth Av.-Stock'
76ial 76»8
,
J.
J.
a—
.
BnahwkAv.(Hkln,-Si'k
Topeka
Pacific
RAILROAD STOCKS, t
Allegheny Valley
Ashtabula A Pittsburg
Broker, 145 Broadway.]
A
700,000 J. A
100
ono
'lOO 2,100,000 Q.—J.
1,000 1,500,000 J. AD.
!
10 i2,ooo,ooo;
P.
1,000
800.000 .1; A I
Bklyn. (7ro9stov™.lsiock
100
200,000 A..to,
Istmorl. bonds.. ..
1,000
400.000 J. A J.
Istmort
Brooklyn Clty-Stbck!
Istmort
A
A
10 :Jan. B.'85 x210
3
190:i
107
3
1
J.;
i.oooii,ooo,oooIa.&6.
Bl'eker at.it Fult.F.-Stk
Oct.
5
M.iStN.' 3
*
York
STOCKS.
Atchison
Atlantic
Wisconsin Central
3 'Jan. 1,'86 84
3'aS'g F,'99|107
Aug. 1,84^1 :0
3
7I9 Juljl, '81 135
Cam.
Bid.
W.—Osn.,6s
I
Vermont A Mass
WorcesterA Nashua
*
:N'r 10,'84 129
5
'
I
25 1.000.0(10, Var's
700.000 M. AN.;
100 14,000,000 M.AN.i
10 |1,000.000 J. A J.
1,000
400,000 .-Vr.&N.l
Var's
lao.OOOiJ. & J.
f
2
«
Amount. Period
I
!
Brooklyn Gas. Light
Date.
Bnir.Pltts.A
New 78, reg. A coup
,
Nebraska, 68... Exempt Ul7 117Hi Connect'g Os, cp., ig<)0.04
Nebraska, 6s.Non.ex'pti 107
Cor.Cowan A A nX.,deb. 68,
^86>«
Nebraska, 4s
Delaware- 6s, rg. A cp.,V.
Conn. A Passnmpsic— 7s.
Del. A Bound Br.— Ist, 78
17 ".J
Connotton Valley— 6s
.KastPenn Ist, 78, 1888
16
6s
17'. EastonAAmb'y- 6b, 1920
Bast'rn, Mass.—6s, new.. 1164 117 '^BlAWmsp't-lst.Os, 1910
117
Fort Scott A Gulf-7s
68. neriietnal
K, City l.awr. A Ho,-68.
110
Harrisbg— lBt.68, 1883..
K. City St. Jo. A C. B.— 78 i'ls"' 120
H.AB.T.-l8t,78,g., 1890
99
LltUe It. A Ft. S.-78, 1st
14 100
Cons. 5», 1895
K. City .sp'd A Mem.— 68 103 103". IthacaAAth.— Ist, gld.,7s
Mexican Central—7s ....
427s 43
I.eh.V.— l8t,68,C.AR.,'98
10>« lOHi
Income
2d, 7s, reg., 1910
82
Scrip
Cons. 6s, C.A R., 1923..
95 Hi 96
N. Y. A N, England-6s.
N. O. Pac.— Ist, 6s, 1920.
.'
104^
7s
No. Penn.—
119*
N. Mexico A So. Pac.— 78
2d, 7s, cp. 1896
Ogdensb.A I,.Cb.— C'on.6s
Gen., 7s, 1903
Income
Debenture 6s, reg
Old Colony— 7s
Norfolk A West.— <3en.,6s
68
N. R. Dlv., 1st, 68.1932
Pueblo A Ark. Val.— 78.. II8H1 119
N. Y. Phil. A Nor.-lst, 68
Rutland- 63, 1st
Inc., 68, 1933
Sonera— 78
97
97Hi Oil CltyA Chic— 1 St, 68.
Manchester A Lawrence,
Marq. Houghl'n A Onton.
40
Union
...
City
Clinton
240
140
100
140
170
50
100
25
Citizens'
140
2000
Ask.
Bid.
Bowery
Broadway
SO
60
St. Nicholas*...
State of
14«
120
220
100
100
a«
as
100
100
28
100
25
100
100
100
100
25
25
100
100
100
100
80
SO
100
75
100
100
26
100
100
50
100
60
100
100
26
25
100
50
60
100
100
100
60
100
100
100
100
70
30
25
60
100
25
COMPANIES.
Aak.
Bid.
SECURITIES.
Ask.
Bid.
BOMTON.
Atrh. A 'ropoka— let, 7b. 122
Ijind grant, 7s
120 Hi
BoHton A Maine— 7s
Boston A Albany— 7s
6b
Boston A I/Owell— 7s
6s
Boston A ProTldonce—7«
Burl. A Mo.— Ld. gr., 7s. ?118
116>9
PRICE.
not NAiiouaL
Mercantile
Mercnants*
SECbBITIKS.
[Prices by B. 8. Bailey, 7 Pine St.]
COMPANIES.
)
I
114^4
Last price this week.
.
.
—
.
.
.
...
.
THE CHRONICLE.
90
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the
RAILROAD EARNINGS.
Latett Earningt Seported.
week ending January
Soadt.
WeekorMo:
wk Jau
wk Jan
wk Jan
CUcaeo & Alton
wk Jan
CMO.& East. 111.
wk Jau
Chlc.MU.&St.P.
wk Jam
Ohic. & Nortliw.
wk Jau
Ch.St.P.Min.&O.
wk .Ian
cue* W. Mich.
Oln.Ind.St.L.&C. at wk Jan
Cln.Wash.&Balt. Ist wk Jan
Clev.Akron&Col Ist wk Jan
Denver* Rio Gr. 1st wk Jau
Dee Mo. & Ft. D. 1st wk Jau
Det.Lan8'g&No. 1st wk Jau
Kvansv. &T. H. 1st wk Jau
Flint & P. Marn. 1st wk Jau
N. 1st wk Jan
Flor.R'way
Bnr.Ced.R.&No.
Canadian Pacific
let
Ist
l8t
l8t
let
l8t
l8t
Ist
I
1
<fe
Grand Trunk... Wk. Jan.
3
Average
Bankt.
52,433
91,000
152,a61
31,621
306,000
302,300
68,200
16,102
41 .079
36,654
Union
America
Phenix
85,08;
4,403
12.068
12.512
,
Fulton
Chemical
Merchauta' Exch.
Gallatin National..
Butchor8'& Drov..
Mechauics'
Tr..
29,644
23,850
292,921
4,540
195,200
23,600
46,562
38,710
243,855
63.000
18,525
50,163
10,516
17,728
11,223
22.501
&
Gre»?nwich
Leather Manuf'rs.
1884.
1883.
State of N. Y
Americ'n Exch'ge.
Commerce
Broadway
Mercantile
Pacific
Republic
Chatham
Peoples'
North America
Hanover
Nassau
Market
..
.
Nicholas
Shoe & Leather..
St.
Jan. 1
to
Latett Date.
1884.
1883.
9
126,211 1,370,9J7 1,322,455
140,630
November. 2,233,891 12,562,773 23.423,313 23,939,450
30,1691 234,687 2,5'.»2.879 2.596,195
an. N. O. & T. P. December.
319,708' 370.079 3,157,653 3,996,210
Clev.Col.CS: Ind November.
32.782
Conuotton V'al September
29,174;
Danburr & Nor. October...
21,109
180,559
178,425
21,973
December.
Denv. ct R. G.
97,444
67,s02
14,735t
Dub.&SiouxClty 4th wk Deo
17,149
894,977 1,093,908
Eastern .
October...
323.0971 339.178 3,020.977 3,079,967
B.Tenn.Va.&Ga. November. 380,1801 409.665 3.616.819 3,709,330
31,271
459.252
25,289;
386,P98
Ft. Worth & Den, December.
Gal.Har.iic S.Au <.)ctober...
335,241! 436,112 2,320.280 2,998,119
195,023 1,764,835 2,121,440
Gulf Col. <fc8anFe December.
144,588
Hona.E.&W.Tex October...
37,428
218,316
266,337
23,830
K.C.Ft.S.&Guil 4 th wk Dec
44,650 2,395,84
36,949
1,995,612
Kan. C. 8p. & M. 4th wk Dec
1,216,483
41.710
918,7-47
Kentucky Ceut'l December.
58,555
838,975
63,370
Lake Eric & W.- September 146,0(10 148,374
luEk.&Ft.Smitb November.
70,05i
512,553
iib',3\'i
80.557
3l:i,44.i
Ii.Ek.M.Riv.&T. November
50.133
361,326
43,353
4!i4.436
.=sol,382
1A. & Mo. River September
70,665
70,001
Har.Hough.<& O. 3d wk Dee.
3.905
3,184
812,644
891,918
Memph.iCharl. December. 182.340 150,749
Mex.Nat.,NoDrt 3(1 wk Die.
5ii',519
10,76
Boutheru Div. 3d wk Dec.
748,036
15,275
Other Hues e.. 3(1 wk Dee.
216,124
2,405
Milwaukee & No 2d wk Dec.
490,819
9,340
9,300
459,188
Minn. & St.Loult October...
171.716 151.576 1,497,029 1,308.435
MobUe&Ohlo.. December. 285,936 289,216 2,161,761 2,266.042
Hash. Ch.& St.L. December.
137,512 209,999 2,358,682 2,328.8l'4
K.O.& Northeast December.
532,925
56,932
176,919
93,154
K.Y.&NewEng November. 254,420 310,092 3.007.922 3,411,835
H.Y.L.ErieJiW.s November. ,371,519 1,776,173 16,279,090 19,028,076
N. Y. Pa. & O Novemljer.
487,970 595,305 5,167,418 6,»n,500
H.Y.Suaq.&Wcst November.
97,275
86,783
946,524
923,832
N. Y.Ont. &
November. 133.578 135,442
Worthem Ceutr'l November, 474, g05 536,094 5.079,609 5,678.979
Northern Pacific December
739.544 856,184 12,o91,6.;0 10,119.050
Ohlo&Mi.«s
314,907 361,022
December,
Ohio Southern December.
472,202
47.31
35,207
361,090
Oregon & Cal
November.
90.700 114,174
Oregon Imp. Co October... 333,448 439.914 2,838,341 3,413,282
Pennsylvania.,. November. 3,950,937 4,473,479 44,797,583 47.242.734
Phlla. & Erie
326.289 376,662 3,379,022 3,851,537
NovemJ)er
Phila.A Read'^A November. 2,554,133 3.654.916 24,548. lOS 28,002,556
Do C. & Iron November. 1.645,577; 1.766,585 15,380.151 15,969.030
Bichm'diSiDanr. December.
368,710: 334,640 3,873,724 3,845,152
Ch. Col.& Auk December.
77,914
776,746
83,096;
828.901
Colnmlil.i&Gr. December.
82,590
65,570
688,901
737,897
Georgia Pac. December.
71,876;
58,883
\a. Midland. December.
115,614
118,443 1,590,099 1,686,192
West. No. Car. December.
37,2461
440,122
33,784
382,037
Some W'at.& Ok November. 155,9751 151,461 1,589,588 1,541.501
Bt-Johnab.&L.C. October...
25,752
240.398
27,666
235,597
St. Paul <k Dul'th Itu wk Dec
28,590
29,471 1.320,731 1,328,528
Bt.P.Mln.& Man. December.
826,293 699,480 8.275,387 8,394,600
Bouth Carolina November
133,831
124,820 1,102,095 1,198,100
Bo.Puc.Cal..N.D. October.
164,141
125,582 1,234,048 1,085,897
Do 8o. Dlv.t.t October..
320.823; 343,274 2,995.452 3,457,555
Do Arizona.!. October..
168,138 215,750 1,534,10: 2,103,397
Do N. Mex.t. October.
68,992
75,671
579,709
678,151
Tex.ib St. Louis.; 4th wk Dec
18,982'
23,309 1,030,037
Tol. A.A. &N.ft(. December.
23,.50O
19.598
239.413
201,124
Union Pacific... November. 2.426,771 2,025,889 23,459,080 26,393,747
107,26"
Utah O.utral. .. November.
94,105
962,618 1,081,266
VlckslVrif ife Mer. December
62,793'
68,753
504,660
527,150
Vloksb.Bh.&Pao. December.
55,550
20.3.57
291,666
139,700
Wab. Bt. L. & P. December 1,44S,383|1,518,287 16,696,381 16,908,463
West Jersey
October...
92,860
88,232 1,153,672 1,071,156
Wisconsin Cent'l December
127,9911 117,7981 1,434,126 1,446,730
dCorims Chrlsti to Baltlllo, 397 miles; up to May embraoed only
236 miles, Laredo to Saltlllo.
e Only 136 miles now, but prior
to May represented 297 miles.
g Not Including earnings of New York
Fenn. & Ohio road.
A Not Including Central New Jersey In either
year prior to June 1.
i Included in Central Pacific earnings above
Enibraolug hues in Missouri, Arkansas and Texas.
i
...
Irvinj?
Citizens'
7,288'
5,827'
332,759
3d wk Dec
434,935
27,902'
24,509 1.422,703 1,307,103
4th wk Dec
December. 1.645,000 1,868.458 22.103,134 24,744.420
December. 291,362 306,385 3,521,076 3,906,793
December.
51.530
760,499
713,103
63,4561
Deceml>er.
Ward
Seventh
147,375; 108.995 1.155.136 1,071,829
December. 1,282,73911,312,739 16,339,540 15,9)9,440
Oitober.
150,000
.
,
City
Trarteameu's
7,16-;
December
W
2,338,000
2,840,000
1,743,300
7,2.';9,000 3,207,000
4,348.200 1,683,700
11,182.800 4,486,000
467,000
2.658,000
7,041,800 9,233,800
503,000
2,174.500
1,018,800 1,247,800
13,898,200 8,436,100
188,000
2,725,800
4,H9P,400 1,390,500
369,300
1.530,800
156,000
621.000
108,.-.00
773.100
2.935.P00
583,900
284,100
1,012,300
2,(i78,900 1,700,100
12,298.000 5,384,000
17,155,600 4.>.)3o.300
840,400
6.340,600
8,188,300 1,147,100
900,500
1,938,500
928,700
5,511,900
590,600
3,263,100
l,475,ti00
254,300
184,200
3,148,100
7,898,100 2,338,700
718,000
2.148,000
2,426.400 1,098,100
175,000
1,987,600
2,699,',; 00
351,400
341,100
2,080,100
410,000
2,656.000
5,188,000 1,160,800
3,913.300 1,474,200
73,000
1,840,000
18,850.300 8,092,900
17,937.300 4,851,600
17,000
1,548,000
125,000
997,700
13,259,'MO 5,238,500
6,882.000 1,713,000
2,01'2,000
630,000
4,478.100 1,399.900
16,330,800 4.408,400
4.932,800 1,210,900
1, '20 1.400
191,800
2,051.800
379,700
225,500
1.757.300
808,200
2,704,300
3.201,900
786,300
,
Corn Exchange
...
Continontal
Oriental
Importers'A Trad.
Paik
North River
East River
Fourth National..
Central National..
Second National..
Ninth National...
First National
Third National ...
N. Y.Nat. Exch,.
Bowery
N. Y. County*....
German- .\ merlc'n.
Chase National...
Fifth Avenue
German Exch'nge.
Germanla
United States
Lincoln
Oameia
Filth National
U'k of the Metrop..
2,2-17,100
79'2,30U
1,698,800
1,324,200
3,311,300
1,412,300
128.000
248,400
714,200
999,700
132,200
112,700
310,800
2-.!5,'iO0
l,i;i3,800
2,887,400
Anwunt of—
Legal
Tenders.
Specie.
11,842.000
8.283,000
7,088,900
Manhattan Co
Merchants*
Meohanloa'
it
Al».Gt.8ontliem
Atch. T.&S.Fe.
Atlantic & Pac.
Bost. H. T. & W.
Central Iowa ...
Central PaciHc.
Chesap. & Ohio
EUz.Xex.&B.S.
Ches. O. iS.W..
Chic. Burl. & Q.
Loans and
DUcountg.
New York
aoad$.
WeekorMo
10, 1885:
1884.
1885.
wk Jau
HI. Cent. (111.)... 1st wk Jan
Do (Iowa) l8t wk Jau
Ind. Bloom. &W. 1st wk Jan
'2d wk Jan.
liOng Island
IiOUlBT.& NasliT. Ist wkJan
Mexican Cent... l8t wk Jan
16,300
BOl.L.Sli.&West. 2d wk Jau.
45,561
Norfolk & West. 1st wk Jan
Shenandoah V. Ist wk Jau
10,575
17,295
Ist wk Jan
Ohio Central
wk
Jau
9,376
DecAEv
1st
Peoria
15,100
Boch. & Pitteh'g 1st wk Jan
20.171
wk
Jan
18,391
gt.L.Alton&T.H, Ist
12,380
10,997
Do (brchs.) Ist wk Jau
6,901
4,734
B».Ii. Ft. 8. &W, l8t wk Jau
63,125
58.267
Bt.L.<Sc San Fran. 1st wk Jau
Latett Bamingi Seported.
6r.BayW.A;8t.P. Ist
[Vol. XL.
J7ef Deposits
Circidti-
other
than U.
tvm.
S.
1,613,000 12,682.000
9,381.000
698,000
8,463,000
1,819,600
8,888,000
1,098.000
4,608.500
322.500
1,187,500 13.021,800
267.200
2,415.000
907,000 15,789,700
2,162,300
56.900
1,716.600
195,100
955,400 18,072,000
2,891,300
1,160,700
3,809,d00
709,000
301,900
1,761,000
210.000
802,000
248,700
910,400
2,54-.','200
848,000
1,182,100
215,400
345,900
4,350,000
2,487,000 14,501,000
1,834,800 16,140,800
389,100
4,888,500
639,700
6,509,300
291,200
2,950,400
751,000
5,472,300
977,800
4,078.900
1,781,100
168,800
3,458,700
562,000
748,000
9,074.700
3,028,001)
683,200
459,500
3,681,700
2,590.700
647,200
415,300
2.421,100
257.600
2.132,200
2,780,000
376,000
4,787,800
373,000
821,800
5,577,400
1,831.500
400,000
1,925,400 23,483,300
23,035,000
1 807,000
214,000
1,831,000
947,8lM
243,700
1.725,900 16,478,200
1,624,000
8,540.000
292,000
2,853,000
684,000
5,537,600
1,003,100 17,987,400
631,200
5.549,300
289,800
1.198.800
2»5,500
2,106,200
409,900
2,237.200,
176,700
3,077.800;
371,000
4,080,91)0
489.9;)0
2,913,500
8.52,000
2,307,400
155,800
2,420,200
212.700
3,550,200
198,700
1,614.700
178,000
1,001.700
170,700
1,143,100
3,872,500
785,000
450,000
340',006
1,100
252,000
36,100
292,500
804,600
201,600
2,600
524,000
29,100
823,200
900,000
854,000
423,000
46,000
5,400
3'ij6',6o6
316,400
265,000
441,000
iio'ooo
D'ei'BOO
45,000
221,400
360,000
297,000
46,000
45,000
448,900
179,700
221,000
180,000
45,000
180,000
45,000
180,000
136,000
296,153,60095,177,000 39,779,200 349.247.300 11.262.800
last week.
Total
No report same aa
'
;
The following are
Loans.
1884.
totals for several
\L. Tenders.
Specie.
weeks
Deposits.
past:
CircuIrtfiOTi AOQ.
CUar^iS
$
Dec 27 295,874,200 88,170,500 36,592,300 335,272,100 11,613,000 108,361,8:^3
1385,
Jan. 3 297,887,730 87,867,800 37,356,900 310,818,300 11,398,800 520.508,478
" 10 298,153,600 95,177,000139.779,200 349,217.300 11,282.800 .516.152,177
Koston Banks.
— Following are the totals of the Boston banks
L. Tendir9.\
Specie.
Deposits.* \Circulation Agg. CUar'gi
IVc.27 145,421,200
1885,
7,598,200
6,174,900
99,008,700 23,114,400
53,985.75*
Jan. 3 145,724,800
" 101146,288,900
7,847,600
8,022,300
6,423,200 100,659,600 23,'271,600
6.457,500 101,251, 500!23,16i,300
70,094,063
69,281,591
Philadelphia Banks. -The
totals of the Philadelphia
banU
are as follows:
Circulation. Agj. Clear'tt
Lawful Money.
Deposits.*
23,411,133
70,449,316
7,852,255
33,936,648
73,631.005
24,723,819
72,927,921
73,716,331
28,226,804
73,013,864
"
banks."
including the item due to otiier
7,842,836
7,831,993
47.678.78J
44,438.297
W
.
.
.
.
.
Dec, 27...
1885.
Jan. 3...
"
10...
*
72,863,958
Unlisted Securities.— Following are
week
^
Am. Bank Note Co
Atlantic & Pac— Stock....
Ceut. Dlv., Ist., now.
B'klyn Elev.— lat, asa'^pd
liank.AMerch.Tel.— Ist M
Gen. mort
Best. H. * B.— New stock
Old
Boat. H. T.A West.— Deb
8
N. Y. W. Sli.* B.— Stock
North. Pac— Div. bonds..
North Rlv. Cons.— 100 p.c
43
80
8
N. J. Southern
N. \. & (ireen'd Lake, 2(1.
Ohio Cent.— Rlv. Dlv., lat
20--\i
Plula
Trust bonds, 6s
Continental Const.Imp.Co
Denv.dfc Rio Grande— Cons
58
Denv.Jt Rio Gr.
Den. R. o. & W., lat M.,
Guar, by D. A R. G
Denver «& New Orleans.
W
".J
Incomes
iaa.
Georgia
41
21^4
62 >i
Pac— stock...
& N.— A(1J.
Mexican National
Pref
—
bonds
mort
Mut. On— Sl'ck truat otfs
M. K.tifcT.— Income scrip
Mahoning Coal & RR....
N. Y. mTuu. Tel.— Stock.
16
2
1
2
21 'a
1st mort., 68
Southern Tel.— Slock
1st mort
St. Joseph A Western
St. Jo. & Pac. 1st mort
Kaus. A Nob.. 1st mort
—
36
1st mort., 68
Lonisv.
14=8
65
mort
Postal Telegraph— Stock
on T.AC..stubs
2d mort
Keely Motor
1
1st
Ft.Worth&Den.City— Del
when
U
l-Q'
2'ai
A Atlantic
lat mort
Pittsburg & Western
Peusacola
.
Edison Electric Ll^lit
3
2's
.
Y.&
Bnff. N.
23
Ask.
Bid.
Securities.
Securities.
lat
latest quotations for S
past:
2
7
A D.— 2(1,
Sel. R.
State of
H
stpd '80
Tenn.— sel'm't.38
Settlement, 53
Settlement, 68
13
3211 Texas A Pac— Scrip 1884
42
Old scrip.....
5
New acrln
68
Tex. A St. Louis—
2=9
M. A A. Dlv., a.s3'tpd...
10
M.A A. Dlv., lat mort.
19>t) ViciiaburgA Meridian..
Pref
37
Ist mort
,
2d mors
Incomes
16 Hi
63
7S
92 >s
34
37"
34
il
I'll
3
87
40
10
39
.
January
THE CHRONICLE
17, 1885.]
%n
91
Company
nt
for the year 1883, included the liability of the company on 50,100 shares of the capital stock of the Central RailAND
road Company of New Jersey, which was purchased at an
average price of *78 On per share. The aggregate sum to be
paid for the same was |3,0IO,776. Prior to the Ist of January
18St, the sum of ?4.'iO,46.'5 ha-l been paid thereon, leaving
a
The Invbstors* Supplbmrnt contatm a complete exhibit of the balance due of |3,4G0,31 1. The stock was carried for the
company
by
various
parties
in
the
cities
of
I'hiliKielpiiiu
and
Funded Debt of States and Cities and of the Stocks and Bonds
New York. In consequence of the financial embarra.ssmentg
of Railroads and other Companies. It is published on the
that
ensued
after the numerous and extensive failures
last Saturday of every other month
viz., February, April,
June, August, October and December, and is furnished with- that occurred in New York City in the early part of the year
otU extra charge to all regular subi wibers of the Chkonicle. this company was called upon to pay the sums due upon the
Bxtra copies are sold to subscribers of the Chornicle at 50 said stock. It was impossible for the company at that time
to repay the sums advanced upon it.
If it should be thrown
cents each, and to others than subscribers at |1 per copy.
upon the market, as was threatened, it was certain that an
enormous loss would be sustained by the company. To avoid
this disastrous result the management secured a temporary
loan to the amount of ^3,2(i3,88.i, upon the security of said
Philadelphia & Heading Railroad.
shares and other collaterals. The parties so advancing the
money carried the stock until, in consequence of the inability
(For the year ending ifov. 80, 1884.)
The report of President Keim, read at the annual meeting, of the company or the receivers to repay the loan, they caused
shows tljat tlio earnings for 1884 include the Central of New 49,100 shares of the stock of the New Jersey Central Railroad
Company to be sold, and realized thereon the average price o£
Jersey receipts for the whole year, but in 1883 the receipts of
making the aggregate sum for the sliartft
fS.') 95 per share,
that road were included only from tlie "1st of June.
u'c s t tn c
—
ANNUAL REPORTS.
sold of 12,747,367.
0ROS8 AND NET RECEIPTS.
1881.
Grou receipts
$47,450,818 $48,83<i,7Sfi
31,054,31 1
31,450,043
Orouexpeneca
Net earnings
¥13,300,534
The income account was
$15,383,S42
briefly as follows:
INCOME ACCODNT.
Het
receipts, bntli conip.nulefl
From
1884.
1883.
$13,519,201
$15,469,251
deduei: For tlic Kailroad CompaDy—
Debit balaccB renewal fund
42.208
Debit balance prollt and loss
38,236
8t»te tax on capital stock
42,221
AU rentals and full interest on all outstanding oliliyations. including tioating debt
13,609,493
Deduct For the Coal & Iron Co.:
Pnll Interest on all outstanding obligations
other than those held by the Railroad Co..
],142,2S6
27,499
55.909
12,101,066
:
i;
companies
The slight
difference in these figures
receipts from other sources.
t
1,126,942
10,874,453
$3,355,231
$13,312,017
$2,157,233
Surplus.
*
and tboee given above
is
due to
1884.
Tons
Tear
.
of coal carried on railroad
of uierchaudise carried on railroad
Passengers carried on railroad
13 of coal transported by steam colliers
same.
to
1893.
Tear to dale.
*li,44y,373
dale.
11,879,997
8,81I,2o6
24,011, 76S
543.141
'8,416,787
*18.19o,201
531,403
mined by Coal <k Iron Co
4,923,987
4,582,667
mined by tenants
746,697
1,491,161
^ iTE.— Coal 2,240 lbs. per ton.
Merchandise 2,000 lbs. per ton.
-Not iucludiug Central of New Jersey for six months endiug May 31
isof coal
of coal
CENTRAL OF NEW JERSEY.
The following statement exhibits the results of the operaof the system of the Central Railroad of New Jersey
ring the year, including in the fixed charges the dividend
six per centum under the terms of the lease of May 39,
:i
it having received during the yea'- 1883 bonds
for
$600,000 on account of similar character of expenditures made"
by it during that year.
To the extent that these obligations are issued to the Reading
Company to replace obligations paid by the said company,
there vrill be no increase thereby in the fixed charges assumed
by the company under the term's of the lease.
Assuming that the lines named are to be placed under the
system of the Central liailroad of New Jersey, the Reading
Company is also entitled to be reimbursed for its expenditures
on account of the Williamstown Railroad and the Philadelphia
Atlantic City Railroad.
.§1.510,411,
LOSSES AND EXPENDITURES.
The expenditures on capital account for the Railroad and
Coal and Iron companies have also resulted in a further increase of the floating debt.
In like manner the losses sustained in conducting the business of the two companies led to an increase of such indebtedness.
The expenditures made and losses so sustained, as well
as the principal items which contributed to such increase, may
be thus summarized
:
& Reading Rallioad,
up all fixed ch.irges
$1,080,656
Loss on Coal ife Iron Company
800 362
Loss In operating the Central Railroad of New Jersey,
after charging up full rentals
1,174,231
4. Expenditures charged to capital account of Philadelphia
1.
alter cliarging
_
•lirchaudlse tralllc
I'lissemrer tralllc
,
$3,309,129
2.476,673
2 236,289
Miscellaneous
CoKery iinnrovements, efjuipmonts, betterments,
I>fin«p, collieries,
rents
5
j
$4415,9^
*'»eJ charges
Dividends
&
590,005
Iron
$1,806,420
1,113,792
1,049,328
etc
etc. imrehased
(Under agreements made in 1883, amount required to be
paid In the future)
$1,387,923
(Under agreements made in 1884)
38.465
5,995,114
Net earnings
s
& Reading
Lxpendi Hires charged to capital account of Coal
Conioanv incurred on the following accounts
:
419,002-$10,441,095
E*Pe'se9
operating the Ph.ladelphia
I.OSS in
2.
3.
o.
Ml traBB)
The Reading Company was, on December 1, 1881,
bonds on the above account to the amount of
&
TONSAOE AND PASSENGERS.
„
Tons
tures the Reading Company is entitled, at its election, to
receive stock or bonds of the said companv. The said company
has been notified of the election of the Reading Company to
receive the bonds of the former company in payment of the
entitled to
tills
Deficit of both
CLAIMS ON CENTRAL OF NEW JERSEY.
The expenditures on account of the Central Railroad Company arose under the terms of the lease. For such expendi-
1883.
:
Total
„
On account of which bonds and other
5,920.212
$1,426,388
obliga-
matured were issued for
702,234—
Ivcavliig cash expended for lands and collieries
724,154
6. Expenditures made under the lease of thu Coutral Rall1,177,099
^ road in permanent iinpiovemeute, <feo
7. Expenditures made on account of the purchase of the
tions not yet
Dellelt for the year
$1,474,231
Tiie above statement, showing the earnings of the Central
cuilroad system, is made upon a strict pro rata basis, without
,Jlowmg anything for terminals or for the
ser-vice of the rollstock of the Central Railroad Company of New Jersey
ui the Reading lines, and it takes no account of
a large
ount of traffic which, for its own purposes, the Reading
jailroad Company has diverted from the Central Raih-oad at
|5ound Brook, thirty miles from New York, so as to take it
ly the main line of the Reading RR., instead of transporting
..as was previously the case, via Phillipsburg, seventy- five
Tamanond, one hundred and thurty miles, on the
?>T^''*
tral New Jersey system.
iiK
'
'
FLOATING DEBT.
'^^^ence to the increase of the floating debt and the
'•^'*V
iitnculties resulting therefrom the
managers have to report—
1S84, the lloatingdebt of
Kailroad Company, including receivers' certillcates,
(5i.*i'S''.','''"!',.*''^"^'^'"y««'"
iuie
in-eDViiai;iVitie"8.\;.\\;::::::::::;:::;;::;;;:;:::;;;::;:::;
floating debt of the Coal & Iron
Co.
30, I88t, Including receivers' cernncates, was
?
lK7n^')9^<)
nrreni liabilities
ii.\.i."';.::::.'::::.
.te
*^l:?7o;8i5
$19,857,036
rNovember
'"r lioth companies.
lotui tur Lolh companies,
ijlop"!
November 30. 1884
November 30, 1833
Increase fortheyear
THE CENTRAL OF
3,6C0,5S7
$23,517,023
18,0d5,'207
$5,452,416
N. J.
STOCK TRANSACTION.
The above statement of the debt
of the Reading Raikoad
62.007
Philadelphia
company claims
to lo entitled to receive bo'bds
under the several leases
331,252
and stocks
366,002
Total
$7,055,996
Pittsburg & Lake Erie.
(For the year ending December 31, 1S84.)
The meeting of the stockholders of the Pittsburg
& Lake
Erie Railroad Company wa.s held at their office in Pittsburg.
The report of the President showetl that the road operates,
including the Pittsburg McKeesport
Youghiogheny Railroad, 185 miles of track.
'1 he
capital stock of the company is 12,050,000, the same as
last year, and the funded debt consists of 12,000,000 first
mortgage bonds bearing (j per cent interest. The sum of
.*.'i5,000 has been expendetl for real estate in Pittsburg near
the Point Bridge.
sale of a tract to enable the Pittsburg
&
C'hartiers
iiesf'm-
'
Williamstown Railroad
Expenditures ULide on account of the purchase of the
& .Vllantic City Railway
J. Expenditures on various other leased lines f ir which this
8.
A
& Youghiogheny Company to connect with the
road
and
to cross over it to reach their coal landing was made for
$10,772, which leaves this amount in exceis $18,327.
The earnings of the Pittsburg
Lake Erie Railroad for the
years 18^3 and 1884 were :
the
sum of
&
Eaminga/rom—
1884.
$974,6.33
Freight
Passenger
Express
.
193,765
14,407
1883.
$I,152,18»
223..'>38
15,04*
—
THE CHRONICLE.
92
$10,613
$10,452
243
Telcgraphk
Total carnincs
Operating expenses
(67-80^.)
775
.$1,402,763
$1,193,520
809,226 (58-40«.) 819,759
$583,004
Neteamings
$384,294
INCOME ACCOUNT.
Net earnings
$384,294
$583,004
$120,000
66,15t
22,928
$120,600
55,854
$209,032
$175,212
$175,854
$407,150
1883.
1884.
Disbursements—
Fixed cliarjres
Interest and discount
liOBS
on P. McK. & Y.
ER
Total disljursemente
Balance, aurpIiiB for the year
PITTSBURG M'KEESPORT & TOUGHIOGHENY RAILROAD.
lease of the Pittsburg McKeesport & Youghiogheny
Eailroad was confirmed at tlie meeting of January 14, 1884.
The results of the operation of the road for the year 1884 are
below stated
Earnings from—
The
:
$546,199
41,776
Freight....."
Passenger
Express
Expenses (49-7 percent)
3,525— $591,500
$294,406
Ket earnings
Interest and tUvidends
$297,094
329,230
—
$32,IH5
Loss
on the outThe rental under
standing stock and bonds of the Pittsburg McKeesport &
Youghiogheny Eaih'oad, amounting for the year to $329,330,
which shows a loss in the operation of the road for the year of
$32,135. This is attributed mainly to the depression in business, and the board of directors is by no means discouraged.
One-half of the loss of operating this road is assumed by the
Lake Shore road and half by the Pittsburg & Lake Erie.
the lease calls for 6 per cent
•'
XL,
the Morgan's Louisiana & Texas property. The Houston &
Texas Central Co. did not earn enougli to pay its July, 1834,
coupons on the first mortgage, and the Southern Development
Co. loaned $325,000 to the Houston & Texas Central Co. to
meet the interest, the Houston & Texas Central expecting to
repay the loan from the earnings of the latter half of the year;
the company was, however, disappointed in this re.spect, and
of the $325,000 loaned only $70,000 has been repaid. Mr. Huntington says further that, after inquiring into the Houston &
Texas Central's affairs, he became fuUyconvinced that not only
had the road not earned its interest falling due Jan. 1, 1885,
"but tliat, under the circumstances, it could not be
reasonably expected that the Railway Company would be
able to make provision for the large interest charge annually
accruing against it." Under these circumstances Mr. Huntington made arrangements iiiDecemter with the Southern Development Co. to purchase the coupons due Jan. 1st, 1885,
purelj^as a matterof convenience to the holders. "Eveiy pains
was taken, as I am informed, to advise coupon holders that
the interest had not been earned, that the Railway Company
had not sufficient credit to enable it to borrow the money, and
that the coupons were being purchased and not paid. If any
person has sold his coupons to the Southern Development
Company, through inadvertence or mistake, that company
has not hesitated in any instance upon the repayment of the
money to return the coupons."
At a meeting of first mortgage bondholders on January 10
the following resolution was adopted:
That a committee of live bo appointed to inquire into the condition
of the Houston & Texas Central Railroad, and to recommend a course
1883.
1884.
MaU
[Vol.
of proceeding for the protection of the bondholders' interests, the
committee to' report at a future meeting to be called by the Chair.
Messrs. James Middleditli, Cyrus J. Lawrence, C. I. Hudson,
A. Foster Higgins and William Laimbeer were appointed on
the committee. Mr. C. I. Hudson, of the committee, said
that 12,500,000 of the bonds were represented at the meeting.
Indiana)' olis Decatur & Springfteld. The attention of
bondholders is called to the fact that the trustees of the
second mortgage are now paying at the Central Trust Company, New York, one half of coupon No. 11, due Jan. 1, 1883,
attached to the second mortgage bonds of said company, being
$17 50 on each one-thousand-dollar bond. On presentation of
the bonds said coupon will be thereupon stamped "half paid."
This payment will equalize as to cash payment the bonds
which have not been exchanged or converted with those heretofore exchanged.
Jamestown & Franklin. A year ago the twenty years'
lease to the Lake Shore & M. S. Co. expired and efforts were
made to prevent a renewal. The election was held on Monday,
Jan. 13, and a lease of the road to Lake Shore for five years
was then perfected.
Lake Erie & Western.— It is reported that an extension
of the Lake Erie & Western Raifroad from Bloomington
—
GENERAL INVESTMENT NEWS.
—
Central Iowa. The non-payment by the company of the
January coupons, which were due January 15, was explained
by the following statement of Russell Sage, Vice-President of
the road: "The coupons of the Central Iowa road, due to-day,
are being paid and purchased by the Mercantile Trust Company. Those purchased will be repaid and canceled from the
earnings of the road until they are all paid, as have been
the previous coupons on the same class of bonds. The directors are arranging a plan for paying one half or four coupons
on the divisional bonds, which are converted into consolidated
bonds, in cash, the other half to be funded into said consolidated bonds. This will free the company from its floating
debt and enable it to complete the building of the bridge across
the Mississippi River at Keithsburg. Witli estimated earnings
of the present and coming year, interest will easily be paid as
it matures.
The small deficiency that has accrued has been
in consequence of the loss of crops in the last two years and
the light earnings in consequence of the same; also the light
earnings on the divisions of the road for two years. Earnings,
however, are improving, and we believe that everything will
go on smoothly in the future."
—
first
43 miles, will
be built this spring.
will be called the Lake Erie
Mississippi road,
will be bonded for $1,000,000 6 per cent firsts and stocked at
The bonds have been taken by a syndicate con$1,000,000.
Western, it is reported, at alwut 80. The stock
trolling Erie
will be held in the company's treasury. With this extension
the companywill have a mileage of 439 miles. The extension
is supposed to be in Lake Shore's interest.
to
Peoria,
Illinois,
&
The extension
&
Chicago Burlington & Onlacr.— The Boston Transcript
Louisville EransTille & St. Louis. At Boston, Jan. 13,
About 80 per cent of the Chicago Burlington & Quincy
stock due to issue January 1 was distributed by the company, the first and second mortgage bondholders of this company
subscribers for the balance availing themselves of the com- appointed Jonas H. French, Isaac T. Burr and F. B. Taylor a
pany's offer to loan the amount of the last payment at 3 per committee to co-operate with two to be chosen by the Louiscent interest and retain tlie stock. The full amount of new ville bondholders in maturing a plan for reorganization. CoL
stock will be entitled to dividends in March, adding some Jonas H. French presided, and briefly explained the object of
$140,000 to the quarterly dividend payments on the 3 per cent the meeting. The company had been carrying a floating debt
basis.
of about $450,000, and it had become burdensome, so that the
Cincinnati Indianapolis St. Louis & Chicago.— The com- appointment of a receiver became necessary.
parative earnings, expenses and fixed charges for November,
Nashville Chattanooga & St. Louis.— Tiie gross and net
and for five months of the fiscal year, were as below. The earnings for December and for the six months since July
earnings are from transportation only, miscellaneous income 1, in 1884 and 1883, have been as follows
/— 6 m. July 1 to Dee. 31.-N
Deeember.
being added to profit and loss account at end of each six
1884.
1883.
1833.
1884.
months. The conservative course pursued by this company in
$197,512 $209,999 $1,213,501 $1,22 i,905
Grosseamiugs
suspending dividends and paying off" floating debt is having Operating expenses
112,753
649,364
115,828
688,862
its legitimate fruits, and gives the promise of an early resumpNetearnings
$524,639 $577,541
$84,759
$94,171
tion of dividends on a more certain basis. Both the bonds and
331,826
and taxei
57,090
55,46,^
342,932
stock of this company seem to invite attention at their recent Interest
—
says:
:
,
prices.
Surplus
November.
1884.
JulyX
$27,669
$181,707
$38,706
$245,715
Central & Hudson.— In the suit of John
,
Gross earnings
$211,264
$196,312
$1.142077 Newton, a holder of debenture bonds, to enjoin the payment
Operal'g expenses. 139,661
124,444
712,'«91
706,977 of the quarterly dividend, Judge Ingraham remarked that it
api)eared to him that, whether there had been sufficient earned
Net earnings.... $71,602
$71.8«8
$435,005
siiiiloo
for prior dividends or not, the company had earned a sufficient
Fixed charges
50,083
50,000
250,415
250,000
amount to pay this dividend, and there was no rule of law to
Surplus
$21,51!)
$21,868
$181,590
$185,100 prevent their doing it. There was no floating debt, and it
Fort Worth & Denyer City.—A dispatch from Fort Worth, would be manifestly improper to grant the injunction
Tex., says: "The announcement is made to-day on the au- demanded. He therefore denied the application.
thority of Colonel Frost, Superintf ndent of the Fort Worth
New York Lake Erie & Western.— The statement of gross
& Denver Railroad, that the railroad will at once be extended and
net earnings for November and from October 1 is given
from Wichita Falls, the present terminus, to some point in below, and the gress earnings include 68 per cent of the earnWilberger County, about fifty miles further west. This will
ings of the New York Pennsylvania & Ohio leased line, the
S've them command of business in the Texas Panhandle, and other 32 per cent of the earnings of that line being paid as
rgely increase tlieir traffic and the trade of Fort Worth
rental. The net earnings are correct, and sliow the actual
Work will begin in a short while, and will be pushed."
results to the New York Lake Erie & Western Company.
Houston & Texas Central.— Mr. C. P. Huntington has
Orost earnings.
Net eamitigs- r
made a statement regarding the default of the Houston &
1883.
1884.
1883.
1881.
843.363
Texas Central Railroad Company, in which he says that the October
2,411,146
1,867.857
627,842
703^078
1.703,338
2.180.982
487,825
Southern Development Co. in November,1884, acquired amajor- November
ity of the Houston & Texas Central stock, with its purchases
$1,546,446
of
$1,592,123
$1,115,667
Total2mos. $3,571,195
.
1883.
.
1883.
$1,147,296
to
Nov. 30.
1984.
,
New lork
.
.
—
;
Jamuabt
,
:
THE CHRONICLR
17, 188B.J
New York West Sliore & Biiffiilo.— The general pasgenger
agent of this coniiiiuiy hns isr.ueil a circular concerning the
passenger Inisiness of the past year in wliich lie says " Notwitlistaniling all the difticulties surrounding the operations of
a new road, the gross passenger earnings of the West Bhore
between New York and Buffalo for the year ending December
81st, 18H-1, wore in excess of one and one half million dollars.
In c'onsiilerinjithis exhibit, the same allowance for the general
depression in 1884 should be conceded the West 8hore that has
been allowed its competitors, and, moreover, it should be
borne in mind that the West Shore was opened to Buffalo on
January 1st, 188J,with all the rawness characteristic of new
lines, especially on the Buffalo Division, where, for several
niontlis, but one loesU and one through train was r\in, retarding the growth of both local and through business.
" During the year the receivers completed the double track
through the Mohawk Valley, finished many of the stations, and
*
improved and increased the facilities all along the line." * »
" Reducing the train and road mileage of the Central to the
basis of the West Shore, treating mile and mile alike for the
purposes of comparison, the results show that the passenger
earnings of the Central, for the same ro.id and train mileage,
were not greatly in excess of the West Shore during the first
year of tlie latter "s existence. A comparison with the gross
earnings per mile of the Erie system will reveal the fact that
they were exceeded by the West Shore's passenger earnings
per mile for the period under consideration."
The trustee of the 1st mortgage bonds of West Shore
has notified the company that the principal of the
bonds is due on account of the default in interest
given notice to the courts, and asks for
also lias
leave to foreclose. We understand that no plan of reorganization has been decided upon by the bondholders' committee,
because of creditors' claims, principally North River Construction Company, and because of some trouble among the bondAnother source of dissension is the fact that some of
holders.
the bondholders have larger interests in North River Construc;
tion stock.
98
Northeast Penn. K.
Hainluirg Iron
Co.
It.
bonds,
CJo.
lion<ls. In full.
in full.
niunt also IncUulo iutvrest on floating debt, or
crcateil to extlngulsli It.
The Uxed oharKoa
loitii
any
The following changes are propojed in the various securities
which full payment is not provided in* the
of the comi>any, for
other fixed charges
Qeneral inortcagu: Defer half the Interest for throe years for the
unpaid half coupons beginning January 1, 1885 give scrip In series A,
n and C rcspe-Mlvely, one scries for each year, not bearing Interest, but
rodeemuble (with interest at <> per cent from average date of maturity of the coupons until payment) out of the flrst surplus earnings,
before any 8Ubse<|uent interest, not embraced In the above nxed charges,
the surplus earnings of any one year not to be used for piuris paid
nients of a series of a following year, but In all cases to bo applied to
the series of a pivst year, If any bo left unpaid the general mortgage
bonds tobestampid with release of sinking funds. Upon deli very of tne
torlp the six con|>ona affected to be stamped " half paid "and as the
coupons are received, upon payment of the cash portion they are to bo
retained uncanceled by trustees as security for the payment of the scrip.
Income mortgage These bonds to be convened Into an absolute
Income bond, with interest reduced to 6 per cent per annum, payable
only out of the earnings after providing for all the arrears of general
mortgage interest, but cuiriulative, so tli.at all arrears of income mortgage Interest shall be a charge upon income next succeeding that of
the general mortgage. Bonds to be stamimd, I'eleaslng sinking fund
;
;
;
;
rights of payment of principal before maturity,
prevent dividends on stock. Overdue coupons to
Dec. 1, 1884, to bo converted into similar bonds.
Convei-tihle adjustment scrip This scrip and all coupons, including
Jan. 1, 1885, to be conveited into the above modified 6 per cent income
mortgage bonds.
First scries 5 per cent bonds; Stamp these with agreement that interest shall only be jiaid outof e.aniings, and after all arrears of the 6 per
cent income mortgage bonds are paid. Coupons to Ist May, 18S5, Inclusive, to l>e converted into similar stamped bonds.
Second series 5 per cents Re-issuo these under the same mortgage,
and for tlie other obligations hereafter mentioned as second series 5 per
cent consolidated mortgnge income bonds, hiiving fifty years to run
from Feb. 1 next, and entitled to interest up to 5 per cent out of the
earnlnts only after 5 per cent for the year shall have been paid to the
Coupons to 1st February next to be converted Into
first series bonds.
and surrender of
and of the right
tlie
to
:
:
similar bonds.
Convertible bonds Convert these with arrears of interest to Fob. 1
1883, into the new second series 5 per cent consolidated mortgage
Income bonds with the right of conversion into common stock as it now
:
Debenture bonds, debenturj and guarantee
scrip,
debenture bonds of
North Carolina State Finances.— The report of the State theCpalA Iron Company: Convert with interest to Feb. 1, 1885. Into
Treasurer of North Carolina shows the amount of old bonds the new second series 5 per cent consolidated mortgage income bonds.
Central of New Jersey With reference to tlie lease, he committee
authorized to be funded into 4 per cent bonds was $12,627, 04.5,
recommended the luconiing board of managers to secure such modificaof which §9,637,445 have been refunded, making a new debt tions of the lease as will obviate the neces.slty of paying dividends
I
:
the Legislature extends the provisions of the
expired, and the remaining bonds are
funded, the total issue of 4 per cents will be 13,589,511. Two
dllion and th'rty thousand dollars new 63 were issued in
^change for a like amount of North Carolina construction
uonds, $765,000 of which are still outstanding. The interest
on the new debt has been promirtly met. The public fund on
hand at the close of the fiscal year was $920,0:6. The Treasurer recommends that the tax be only ten cents on $100 worth
The State finances are reported
nf property for the next year.
10 be in excellent condition.
Northern Central. The loan known as the second mortgage, which is now a first lien upon the property, subject
only to the mortgage to the State of Maryland, will mature
The holders of the bonds will be given the op.July 1, 1885.
tion of receiving payment in cash or exchanging their bonds
at par for 4}4 per cent consolidated bonds having 40 years to
of f 2,803,796.
funding
act,
If
now
—
run.
Oregon & California.— The
mortgage bondholders'
iimmiltee have under consideration the best means of carrying into effect their resolutions of the 14th and 31st November
The London
for reorganizing the finances of the company.
& San Francisco Bank (limited) is buying coupon No. 7, due
1st inst., of the company's first mortgage gold bonds, at 4s. 3d.
The committee hopes to form a satisfactory plan,
I>cr dollar.
Init foreclosure proceedings will probably be begun soon.
I'hiladelphia & Keadiny.— The stockholders of the Philadelphia & Reading Railroad Company held their annual meeting in Philadelphia Jan. 13. The attendance was not as large
:i8 in previous years.
The following ticket was elected without opjiosition: President, George DeB. Keim; managers, J.
B. Lippincott, J. V. Williamson, Franklin A. Comly, Joseph
Wharton, John Wannamaker, Robert H. Sayre; Secretary,
\lbert H. Foster; Treasurer, William A. Church.
General Collis offered a series of resolutions, which were
lopted, providing for the appointment of a committee of
ven stockholders to examine into the affairs of the railroad
•impany, ascertaining what the liabilities and assets of the
>ad consist of and appraise all real estate and other property
lielonging to and operated by the company.
The committee appointed to consider a plan of reorganizafirst
I
'
ion presented a long report.
It recommends the payment in
ish of certain interest, rentals and guarantees, the aggregate of which will constitute the fixed charges. These are
followed by those to be reduced in interest, which include
some of the coal land mortgages and the following guaran(loed securities
;
:
Colpl)rookdalc R. R. Co.— Gaaranteed bonds, reduce to 4 per cent.
t*ickerlng Valley K. K. Co.— Guarantcpd bonds, reduce to 4. jicr teut.
t*('l]nyllflll Niivi^'iitloii Co.— Pay interest in full; extend overdue Ijonda
M full into of Interest and pay b-7 of present dividends in cash, balance
•-'7 to l)c c.ipltall/.ed In
P & K. U. u. Co. common atoclc.
.Susiiuehaima Canal Co.— Pay interest on mortgage loans of 1801 in
lull.
Uu ti(ato of Maryland loan. reduc<i to 4 per cent. All subRequent
lloansand interest and stock and accrued dividends to be converted Into
mew second series 5 per cent income l)onds at par.
riiiludel|ilnii Niwtown & New York It. R. Co. bonds reduce to 4
'1.
The liiinclR held by the P. i R. R. R. Co. to be stamped as a
lent lien to those Ueld by tlie public.
isiown Junction R. R. Co. bonds. In fn?).
Stony Creek R. E. Co. boods. In full.
'
beyond what are earned upon the line, after including in the earnings
a proper allowance of terminals and car service and for the deflection of
Bound Brook.
Preferred stock: For all valid claims fordividends out of passed earnings give common stock and change the form of certificate so as to provide that hereafter the 7 per cent dividend shiiU not bo cumulative.
The floating delit The committee is of the opinion that any effort to
raise money for the extinction of tlie floating debt sliould bo postponed
until it is ascertained whether th"? creditors of the company will by accepting the recommendations of the committee with reference to their several securities, agree to aid in restoring the company to credit.
If, then, it should be found that with the securities and assets at it«
command the company cannot obtain the money for the purpose of
retiring the floating debt, it must be evident that the duty of providing
the funds must devolve upon the Junior security holders, the floating
debt holders, the stockholders, and the deferred income bondholders,
allof whose securities are necesearily in jeopardy so long as the floating debt remains unpaid.
Separation of money In conclusion, the committee recommends that
thtre shall be an absolute separation of the moneys applicable to capital
and Income respectively, and that no money arising from Income shall
be diverted to any capital account.
traffic at
:
:
Mr. Gowen had submitted his own plan of rehabilitation to
the committee some days before the meeting. The following is a list of the securities printed at the end of Mr. Gowen's
pamphlet, giving the plan for tlie reorganization of the Reading Company and referred to aa schedule A. These are securities on which Mr. Gowen proposes to base a collateral loan
for $20,000,000, in place of the present floating debt. The
Philadelphia Press says; " Mr. Gtowen quotes all the securities
at par value. Some of the stocks and bonds in the list, howFor example, the
ever, have only a nominal market value.
$1,870,000 Union Canal bonds are not worth 1 per cent the
1,000 shares of New Jersey Central stock, valued at par, sold
at 87 per cent yesterday."
;
LIST
OF A8SBT8 ACCORDINO TO BCHEDDDE
A.
$1,136,350
22,727 shares East Penn. RR. stock
352,150
7,01.'? shares Mine Hill RR. stock
200,900
L'no
Co..
shares
Tidewater
«pe
Trustees' eertif. tor 2.()0Si
(;ertjf. sjiecial
first
173,000
437,000
capital
mortgage
t>s
Convert, aujustment os. Central RR. Co. of N. J..$604,000
Do. to be received u|ion payment of receivers'
1,700,000I- 2,304,000
oenif. and floating debt of C. ER. of N. J
e per cent bonds of C. RR. of N. J. to be received on ac1,100,000
count of debts of that Co. paid by P. <k K., say
100,000
1,000 sliarcs of C. RR. of N.J
249,000
4,980 shares of East Mahanoy
86,200
1,724 shares Junction RR Co
48,176
1,927 shares Mill (reek A Mine Hill
38,800
776 shares Mt. Carbon & Port Carbon
19,450
::8i» shares PhiUi. it Reading & Pottaville Tel. Co
62,300
1.210 shares 8eliuvlkill Val. Nav
6,950
i:i.i -li.ires Sebuylkill Val. Nav., common
459,200
res Schuylkill Val. Nav., i)ref
62,000
,1 RU. deb. bonds
24,000
-1 KR. OS. chattel mort
235.000
t;iiet.ler Valley RR. Co. bonds.
112,800
Colebrookdale t per cent bonds
6,000
llunlingdon A: Broad Top 58
156,000
lx)ensidale lir.tt mortgage 7s
,
RR
RR
RR
fhlludelpliia
At
Reading
&
Pottsvllle Telegraph
I'hiladeli'hJa Newtown A New York 4s
Perkiomeii RR. Hist nmrtgage bonds
Beading A: Columbia fii-st mortgage 58
Reatllng >V Coluuibla second mortgage 5s
Rending A; Ctdninbia Deb. Oa
.-'ehnyliiill Navigation (is
Schuylkill Improvement Os
SchuylkUl Improvement 1870-1895 08
bonds
...•
200,000
220,000
186,100
9,500
37,000
1,000,000
8,200
57,500
131,000
;
THE CHRONICLE.
91
Shamokiu Sunbuiy & Lewlstovrn first mortgage..
Bbamokin Suntniry & Lewistown second mortgage 68
Preston Coal & Iron Co
Tremont Coal Co. 68
Montour Iron & Steel Co
Manmiotb Vein Coal & Iron Co. 8s
Chester Ai DeluwarcCs ..
50 shares Black Rock Briilse stock
300 shares Bwerte's Ford Bridge Co
•70 shares Stout's Ferry
Philadelphia Fhiatiug Elevator Asiociation bonds,
Co
rmi^rovement
Giip
Ijocuat
2,072 shares
3.SI>5 shares Fulton Coal Co
I,>j5i shares Keadiug Iron Works, preferred
Kinggokl It on bonds
Hamburg Iron bonds
Kut/.to wn Iron bonds
JJew Jersey Slo kyard & CutUe bonus
20,100 shares Susciuehauiia Canal
21,523 shares AUent.owii Kallroad sto. k
1,089 shares Camden Gb ucester & Mt. Eyhiaim
9.438 shaies Chester Valley Railroad
5,630 shares Colebrookdale Railroad
790 shares Chester & Delaware Railroad
2t'0 shares Coushoho ken Gas is Wa er Company
50 shares Doualassville & Yellow Crtek Turnpike Co....
2,169 shares Harrisburg & Wilkes-Barre Turnpike Co...
1,013 shares East Pennsylvania
730 shares Norristown Junrtiou stock
40 shares Oliiey Turnpike Co
2,663 shares People's Railioad stock
1,235 Shan s Pickering Valley stock
15,764 shares Reading & Columbia
1,000 shares Schuylkill & Lehigh
20,000 shares Slianiokln Sun & Lew'n
12,000 shar.'S TidirWater Ca lal.
Cam. Git Mt. E. bonds
Harrisburg & Potomac bonds
Mansion llotelbouds
Monooacy Furnace
Soliuylkill & Lehigh bonds
Aug. S"liwar7,e bonds
Union Canal bonds
1.000 sbaivs Anthracite Water stock.
Pickering Valley 4s
.Snsq nehann a Canal
8ns(iuehanna Canal
75 Huntingdon
& Broad Top
pref
Total securities. .•
following securities railroad company:
Add
Income
*-
First series consolidated
Second
series consolidated
%ht (f^ommzxcml %im^s.
^;'n'R29
^k.l'SxIl
^'i!SX'"x"
900,000
290,000
233,000
200,131
1,000
9,000
1,750
1,500
20,720
19,375
COMMERCIAL EPITOME.
Friday Night, January 16, 188.5.
The outward movement of food staples, at somewhat better
prices than those recently ruling, continues to be regarded as
promising an early improvement ia mercantile affairs
indeed, a favorable effect may already be noted in the revival
of manufactures but in relation to the trade for the coming
365,1 00 spring the complaint is heard that if there be some increase
19.'.,4C0
57,000
12,500
52,000
,'
EK
rvou XL.
nn'^ nnr,
"? ,An
54,450
'''^IV'Ie.i
471,900
231,500
39,.'500
5,000
1,000
10,425
5i,400
37,50 )
1,000
133,150
61,7.=i0
783. 200
0.000
'^•^I?!?'??!?
ono.fioo
0-',000
506,300
7.r,00
105,000
399,300
34,000
,870,500
100,000
21.700
80,000
319.000
3,750
;
at prices so low as to afford
The weather is again changeable and wet, and the recent thaws and heavy rains are
causing floods in many sections. Violence on the part of
strikers is reported from the Western States, but reduced
wages are generally accepted quietly. The failure of John J,
Cisco & Son, and the suspension of important iron houses at
in tlie
volume
of business,
little satisfaction
it
is
to the sellers.
Pittsburg, caused
much
depression in speculative circles this
morning, but there was a pretty general recovery of tone and
prices in the closing hours of business.
Lard futures have continued active, but the tone of speculation has been uncertain, and the advance in prices, noted in
our last, has not been sustained. To-day some early depression was partially recovered and the close was steady at 7'18c.
for Feb., 7-33c. for March, 7'31c. for April and 7'38c. for May.
Spot lard is nearly nominal at 7@7'05c. for prime City, 7'15@
prime Western and 7 '40 @7 '50c. for refined for the
Pork has advanced but closes dull at $13 25@
$13 50 for mess and $15 50@$16 for clear. Bacon remains
$22,710,576
Pickled cut meats have been fairly
nominal at 6J^@7Lj;c.
5.000,000 active at 6}^@6J4C. for -bellies, 5?8@5fsC. for shoulders and
^'9!^R''1''R
The number of swine slaughtered at
7,5O0,0cO 8?4@9J^c. for hams.
Western points to the latest dates this season
$37,240,576 the principal
Total par value
—The result of t}ie joint operations of the Philadelphia
Iron Company in the month of
Reading Railroad and Coal
November (including Central of New Jersey Railroad, leased),
was a decreasa of |1, 211, 793 in gross earnings and a decrease
of 1729,104 in net, compared with November, 1883. For six
montlis from June 1 there was a decrease in gross earnings of
$4,190,8.13, and a decrease in net of |2,708,458, compared with
1883.
-A'ei Itecei2>l».
-Oross Heceipis.
1384.
1883.
1383.
1834.
$870,411 $1,237,263
$1,359,221
$3,232,121
June
1.504.317
4,413,810
1,284,496
4,201.476
July
2,052,578
5, '247. 755
1,928,379
5.404,137
August
1,302,132
1,843,154
5.194,411
4,451,059
September
.5.405.023
1,343,260
2.051,260
4.670,165
October
2,466,' 85
5.411,501
),7j7,331
4,199,709
Novemrer
&
&
$8,446,-29 $11,155,287
Total for 6 mos. $26,002,285 $30,193,133
The earnings of the Central of New Jersey were separately
stated until June, 1884, and the comparative statement of
gross and net earnings of both companies from Dec. 1 to May
31 was published in the CHRONICLE of July 5, on p. 23.
7 20c. for
Continent.
was
3,116,000, against 2,732,000 for the corresponding period
Beef and beef hams remain nominal. Tallow haa
been firmer but closes quiet at 6i^c. Butter has been quieter,
but State creamery is stillquoted at 23@36c. Cheese is steady
last year.
at
9@ 1334c.
for State factory.
more active, with fair cargoes Rio
Options have been rather dull, and were
weak to-day, closing at a general decline, with buyers at 8'03c.
for Jan., S'Ooc. for Feb., 8'25c. for March, 8'35c. for April and
Mild coffees have sold fairly. Raw sugars
8 450. for May.
were quite active early in the week, and yesterday quotations
Brazil coffees have been
quoted at 9%c.
were advanced 1-lOc. to 4%i@4Jge. for fair to good refining, at
which there is to-day less disposition to buy freely. Refined
sugars are firm at 6:'8@6%c. for crushed. The speculation in
teas has been quieter, but included to-day a line of standard
Japans for March at 243^0.
Kentucky tobacco has continued in demand and firm lugs
Rutland. The directoi's of this company have decided not
Seed
sales for the week, 650 hds.
and leaf 0@13c.
SgOc,
to declare the semi-annual dividend of 1 per cent, which was
expected. The reason given is somewhat peculiar. It is stated leaf has also been in fair demand, and sales aggregate 1,050
that some $10,000 of the old 8 per cent bonds have been pre- cases, as follows 300 cases, 1833 crop, Pennsylvania, 714® 19o.;
sented for payment which it was supposed had been paid and 150 cases, 1882 crop, Pennsylvania, private terms 200 cases,
canceled liy the former managers of the company.
150 cases, 1883 crop, New
1881 crop, Pennsylvania, 5i^@13c.
Richmond & Allegliany.— A general meeting, open to all England, 13@33i^c. 100 cases, 1883 crop, Wisconsin Havana
has
been
called
for
bondholders,
next
week
ftrrt mortgage
cases sundries, 5@38c. also, 300 bales
Friday at 3 P. M. at No. 20 Nassau Street. It is stated in the seed, 16@35c., and 150
call that negotiations for a settlement have failed, and the Havana, 78c.@$l 15, and 200 bales Sumatra, $1 20® $1 60.
question to be decided is, What shall be done to secure the
The speculation in crude petroleum certificates has been
imperilled rights of the holders of first mortgage bonds?
dull, and prices, as compared with last Friday, show an importState Line & Sullivan.— The Stata Line & Sullivan Rail- ant decline. The opening this morning was at 63c., but there
road, extending from Monroeton, near Towanda, to the coal was recovery to COpgC, closing at that figure, and refined
a
:mines of the company at Bernice, has been leased by the Pennhas declined to 7i^@7:^3C., with naphtha 7I4O., and crude in
sylvania & New York Canal & Railroad Company, which is
There has been much more doing iii spirits
bbls. e-'sCgOJ'^c.
<;ontrolled by the Lehigh Valley Railroad Company, for a
turpentine, both spots and futures, the sales to-day including,
term of fifty years from May 1 last.
at 30J!4C. on the spot and 30^^c. for February. Rosins are firm,
Toledo Cincinnati & St, Louis.— Judge Cresham in Chi- but remain quiet at $1 25(2$! 50 for common to good
cago has ordered the receiver to report forthwith the rolling strained. Wool has been quite active at Boston.
Metals have been dull, and at to-day's excliange pig iron
stock belonging to the mortgaged property and aU outstanding
bids ranging $I6@
charges or claims against it. Also, to keep separate accounts certificates were unsettled and easier
for each division of the road, to lease certain equipment and $16 '3, and $16?4@$17 asked. Tin firm futures closing \6}i<S
keep it on the road, and to take freight from connecting roads 16>^c. Tin plate dull and easier at $4 25® $4 45. Copper
only at full local rates, thus abandoning for the present the steady at 10''4@lli4C. for Lake. Lead nominal 3'80c. asked
unprofitable through busines?. The valuable terminals at East for domestic. Spelter quiet at 4@434c. for domestic.
Ocean freights have been rather quieter, but rates have
St. Louis were in danger of being lost by non-payment of notes
given on their purchase, but some of the members of the Quig- ruled steadier, there having been less room on the market.
ley reorganization stepiied in and raised some $48,000 and Late engagements include grain to Liverpool at 4)4®4i^d., to
made the required payments to save this property. Judge London 4@4'j;d., to Avonmouth from store 4Ja@5^i<i-, to
(Oresham permitted the purchase by these parties under an Antwerp 4J^@43|^d., to Elsinore for orders, 4s.9d., and from
Petroleum charters in•order that the new company to be organized under the auspices Biltimore to^ork for order?, 4s. 6d.
of this committee, should have an option at any time within clude cases hence to Bombay 28@28J^c., and to Salon ica
eighteen months, to repaj' that $48,000 with interest and take 17}^c., refined in bbls., from Philadelphia to London or Livthe terminals. A desree for the sale of the road is expected erpool 2s. 3d.; crude to Bremen 2g. l>^d.; refined to Antwerp
in April.
3s,, and cases to Shanghai, 32c.
—
;
;
:
;
;
;
;
;
;
;
.
'
January
COTTON.
Tnei.
Jfon.
Thurs.
ITed.
tYi.
3.177
973
961
515
9,351
9,003
1,830
9,853 10,219 16,903
2.331
722
611
3.503
56,666
7,862
3,306
2,983
2,572
1,R45
1,736
7,155
1,539
2,031
1,645
67
57
917
731
1,317
1,322
911
1,020
3
Wllmingtou
Moreh'd C.,&c
356
353
361
327
320
253
298
6,216
3
1,970
Norfolk
West Polnt.ic
2,673
2,968
1,527
2,153
1,670
108
2,063
92
1,088
663
1,176
832
213
564
2,592
4,S7l
1,707
IndlanolH, Ac.
New Orleans...
HobUe
1,871
796
Florida
Savannah
Brunsw'k, Ac.
Charleston
Pt, Koyal, &c.
,
....
New York
Phlladelp'a, &c.
358
3,705
139
926
Savanunh
Galvostou
.Norfolk
Now York
Other ports
A
1883-84.
1884-85.
January 16
Galveston
56,666
7,802
2,031
Savannah
13,687
57
C,218
3
1,970
Br'sw'k.ic
Charlefcton...
Pt.Roy,'il,<fcc
Wilmington..
M'hcttdC.Ac
Norfolk
W.rolut,Ac.
New York...
Boston
Baltimore ...
298
Week.
12,008
9,633
1,216,013
197,104
57,268
641.987
8,824
453,255
4,761
87,504
9,201
102
13,594
926
1885.
by more or
130.95: 3.958.461 110.407 3,757.674
Total
235
387,667
52,430
93,503
48
422.900
50,678
5,126
66,931
92,304
11,245
3
9,700
71,820
2,100
5,215
35,318
2,691
262,290
6,310
21,063
12.466
41,306
326,399
6,885
22,095
12,279
915.611 1,159
i
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Beceipis
1883.
1881.
1835.
<i(-
1882.
1831.
1.27
we
ISaO.
I
9,851
56,666
7,802
13,687
Mobile
Bavannah
12,110
37,792
5,609
12;812
1.977
Tot. this w'k.
130,951|
Blncc Hipt.
138,879
1C3,2S0
150,390
9,408'
2,258:
15,931;
99.990!
110,107
6,22l|
18,165
18,571!
18,601!
15,171
15,785
Ac
Norfolk, &o..
All others
9,883
71,314
9,919
20,881
15.589
2,190
5,412
21,307
5,511
15,973
9,678
4,901
Wilm'i:fn,<ltc
t'barrat'n,
20,728
39,318
9,513
17,853
11,751
3,153
22,397
13,536
18,923
53,292
8,939
12,174
10,908
3.835
16,883
25,131
14,6I!0
23,514
3757.-«7l! 1012.231
1360M00 3339,071 3611.110
Charleston liicliidea Porr Royal, &o
1. 3!15(i.l(ll
Ualvi'.sion liicliKli'H liKliaiiola;
WiImlnKtou luebides Moi-ehead City, &e.; Noifolk includes
10,803
91,450
466,49-t
9,492
19.391
217,677
216.759
941,350
705.454
less depression,
New
newal of strength, the receipts at the ports were greatly reduced, and there was a smart advance in Liverpool, causing
some demand to cover contracts, and some revival of speculative confidence, upon which there was a general but somewhat irregular advance. Yesterday the receipts at the ports
fell off nearly one-half, while the exports continued large,
effecting a rapid reduction of stocks on hand. Liverpool also
reported an advance, and. the result was, the distant futures
advanced smartlj' on a demand to cover contracts. To-day
the opening was much depressed, under unfavorable foreign
advices and the distrust caused by the Cisco failure, but the
decline was mostly recovered, and, as compared with last Friday, the close was at a slight advance. Cotton on the spot has
been very dull. On Monday quotations were reduced l-16c.
To-dav the market was dull, middling uplands closing nominal at 11 l-16c.
forward delivery for the week are 394,900
For immediate delivery the total sales foot up this week
for export, 1,393 for consumption,
1,393 bales, including
The
total sales for
bales.
—
for speculation
and
—
Sat.
8'8
9=16
!0i9
Ordln'y.^lli
Strict Ord..
Good Old..
Mon Tues
;
West Point.&c.
ending this evening reach a total
The exports for the week
of l(i."),0'jr, bales, of which 121,902 were to Great Britain, \ii,Til
to Franco and 26,409 to the rest of the Continent, while the
stocks as mtde up this evening are now 945,61 1 bales. Below
are the exports for the week and since September 1, 18S4.
Middling...! ll»8 [ll'is ll'ie Hi's
Good Mid . 115ie 1114 Ilk 11" 18
Str.G'dMid; ll-s lll^lfl 11',
11%
Mldd'eFair ll'g !ll'3l,. 111-1,8 12i«
Fair
12%
12>s
|
FrI.
Sept.
Exported to—
Exforti
Great
BriVn.
Jrom—
From
IVetk Erutifi^ Jan.
I
'iilveslom.....
l.0:«
.New Orleans..
Mobile
56.68o|
I^ame
1,
Total
ntnt.
Week.
1,030
Oreat
ICTBJ 81,736
Conll.
I
IlrlMn.^"""
139.18 1
7.470
laO.ne! 197,257
«,119,
4.119
10.'?e8j
14,!«7
156,812
11,689
6.3B1
8,6.11
133,5.'U
22,059
3,003
41.403
4,600
2J.0S5
3,181
l-.8fl
253.8B2
23S.4H3
74.399
93,065
18.5781
trannah
^VUtnlnlrton
8,0 jsI
.N..rf..lk+....
17.7351
.New York..
Boston
Baltimore
_ToUI
Mn<.:<.
13J0J
7}3
4,4S7
..
I'b{|«delp'a,&c
Total
1,750
4.4S'
2,.'>IKl{
l.ttOO
1,717
4,499
lai.wia
1,71
\ii,ru
\n:iM
I'
om
...
:tn.ei.-,
iom Wett
...
B.S75
2a,379|
3,050
3.5,S3ll
I'oiut
140.821! l.;)| 1.429 .lllMXn'
Ac.
Ao
I
11
113,8
116,8
im
Il"l8 ll"ic 11%
1211,8! 121I1.
.
STAINED.
Good Ordinary
Strict Good Ordinary
Sat.
^Ib.
Low Middling
8>9
ig'"
lOt^
I
1119
12>18 !12li8
1211,8 121I,B
12%
Xb. Frl. ^Ved Tb.
Uh
im
1
U'he Il"l6
I2l8
121,8
121,6
9:9
105,8
lOlligi
im
,
91,8
9>a
lO-ija
1011,6
11
113,8
116,8
11<«
1111,3
121,8
1211,.
Frl.
919
105,,
lOi.,a
11^18
115,ft
11>9
lli'is
12 i»
1211,8
mou Tnes Wea Tb.
ST"
9%
913,8
109,8
gT'8
9>8
915,8
8^18
9ie
916,8
10»18
Fri.
8Ti«"
87,6
919
9%
916,8 91s,
10»,8 10«1«
JtARKET AND SALES.
7ient.
52.792
817,074
700
'
Tota).
189.741!
840.807
16,27>
The total salee and future deUveries each day during the
week are indicated in the following statement. For the con
venience of the reader we also add a column which shows at a
glance how the market closed on same days.
BALKS OF SPOT AND TBAMSIT.
i>6,489 165,093 1,600,839 274,489
I'ort lloj-Hl,
2^«
914
105,8
1
riorlda.
liarlesttjn*...
9I18
91a
S»18
91s
lOSie 103a
10'-il8 lOi'ie 10%
11
11
lUia
113l6 113,8
U616 ll^ia 1138
III9
Ilia
11»18
1884, to Jrin. 16, 1885.
j
U,«ll
9I18
9ifl
i
Exported to—
Coittl'
Wed
TEXAS.
inou Xues Sat. yion Tues
Ordin'y.fJD 8"u 813,, 813,8' 9I16
91|6
91,8
91,8
9I9
914
911
913
Strict Ord..
914
913
91a
Good Ord.. 101,8 101,8 101,6 106,8 106,8 106,8 105,8
Str. G'd Ord 107,6 107,8 107,0 101118 101116 10; 1,6 1011,8
Low Midd'fj 10% 10% 10% 11
11
11
ill
Str.L'wMid 101^, 1015,8 101^18 li^ie '11-316 113,8 H'le
MlddUuKU'le lUia IH18 U616 115,8 116,8 116,8
Good Mid.. III4
ll'l
lUHl imi llifl
Str.G'dJIld ll"l8 117,8 ll'lS 111118 IIH16 1111,8 1111,8
Uldd'K Fair 111S„ 1113l(
IShe 121,8 121,; 121,8
Fair
127,6 12ilt„ 1211,^ 121>,„ 12U,8
127,8 127
Mlddllus
1
Sat.
8i3ie S13l6
914
914
99,e
lO'ie 101,8 1038
107,8
10%
107i8
IVed Tb.
bales
quotations for
official
NEW ORLEANS.
UPL.VNDS.
Jan, 10 to
Jan. 16.
—
Of the above,
in transit.
were to arrive. The following are the
each day of the past week.
Str.G'dOrd 101-2
Low Midd'g 101^19 10^ 10% lUie
Str.L'wMid
1015,f 1014,8 ll'l
I
Galve«t'n,&e.
New Orleans.
20,845
25,980 40,769
12.552 169.609
caused by increased receipts at the
Orleans) and full arrivals at the interior
among many operators, to a disposition to
accept an increase in estimates of the total crop. But on
Wednesday afternoon the early deliveries showed some re.
18S4.
38,191
490.157
7,972
None.
None.
None.
firmer opening on Saturday last in cotton for future dewas followed, in the next three days,
ports (mainly at
towns, leading,
Stock.
Since Sep.
1, 1883.
37,792 1,196,419
5,609 208,821
227
26,234
12,612 568,169
492
7,014
352,367
8,922
11,001
436
80,767
1,872
105
10,724
12,747 462,060
2,427 166,150
5,083
63,604
4,430
88,325
3,998
7,900
905
^,001
467,430
252,252
33,274
62,879
19,554
24.668
4,871
4,213
4,999
3,705
Pluliulel'a.Ao
T/iis
410,324
9,851
. .
Ind'nola,&o
New Orleans.
Mobile
Florida
1
Since Sep.
1, 1884.
1,600
2,000
i
115,'2U7
29,23«
31,345
55,031
20,808
10,781
258,796
51.497
23,200
12,900
11,900
17,383
15,507
3,500
7,000
livery at this market,
For comparison, we give the following table showing the week's
and the stock to-night,
and the same items for the corresponding periods of last year.
This
Week.
None.
Leavifitf
Stock.
Total.
wise.
.Not re ee ived.
None.
6,800
10,200
1,500
1,500
1,200
5,,545
1,306
None.
141,436
Ooaiilr
I
ForeigW
None.
None.
None.
None.
None.
None.
None.
59,799
Total 1885.
Totalise!
Total 1883
not cleared- for
Other
Pranee.
16,100
1.200
0,200
10,532
15,567
1.900
5,000
Mobile
Charleston
total receipts, tlio total since Sept.l, 1884,
to
Oreat
New Orleans....
Totals this week 21,987 25,056 20,004 21.714i 10.924 28,206 130,951
SteeipU
AT-
Jlrilain.
298
13,591
4,971
4,213
4.999
3,705
2V1
10
111
61
On Shipboard,
J.VK. 16,
2,031
13,087
670
Baltiinore
We
TotaC.
2,348
GalreHtou
95
In addition to above exports, our telegrams to-night also give
as the following amounts of cotton on shipboard, not cleared,
add similar figures for New York,
at the ports namod.
which are prepared for our special use by Messrs. Carey, YaJe
ft Lambert, 89 Broad Street.
Friday, P. M,. January 16. 1886.
The Movement of the Ckop, as indicated by our teleficranis
from tlio South to-night, is Riven below. For tlie week ending
this evening (Jan. I'l), the total receipts have reached l.!0,!(.')l
bales, against i:i:l.yi)t bales last week, I.")4,07") bales tlio previous
week and 207,81)3 bales tlu-ee weeks since: making the total
receipts since the Ist of September, 1884, 3,9.">(i,4Gl bales, against
3,757,(174 bales for the same period of 1883-84, showing an
increase since September 1, 1884, of 108,787 bales.
Sat.
;
THE CHRONICLE.
17, 1868.1
Stetlpttal—
8
B
.
3Sfl.09li
188,085
124,880
12,240
35,670
97.512
281
280,679
59,613
285.907
Se2.3S«
Sl,!527
I27.iil2
3,ei6
»«.".V)
74,6.WI
SPOT MARKET
cr.osui>.
Ex-
;
Con-
\
Spec-'
port. rump.ut't'n'
'
Bat.. Very dull
Mon Very dull at l,ade
Tues. Vc*- dull
....]
tit.
05
ill!
103
i>Hll
....!
303
Thurs Dull
....
....j
1S7
Frl.
.
Quiet
FDTDREg.
Deliv-
ToktI.
65
.
Wed.
|
Tran-
.".':
-"•
035
Sates.
eries.
44,800! 1,200
19.6OOI 1.100
ibs 6'2,400 3.000
303 23,930! 2.600
187 17,500 2,700
900
635 51,700
704,580 2,629,911
605.791
?.gW
"W
Total.
The
....i.203
....
....
1.293 294.900' 11.800
dallv deliveries given above are actually dellvorod
rrevious 10 that on whlob they are reported.
the
day
;
;
;
:
.
'
:
THE CHRONICLE.
96
The Sales akd Prices or Futubes are shown by the following comprehensive table. In the statement will be found the
dMly market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales.
m
<t
<
1
Prlday,
p
CD
B
O
Tuesday,
ttinrsday,
Closing
Closing Prices
Closing Prices
Prices
total
Sales,Wedn'sd'y,
Sales,
Bales,
11
Jan.
cales,
losing rices
total
total
pitld
paid
paid
Saturday,
Muurtay,
Closing Pricesales,
total
total
total
paid
paid
Sales,
Closing Prices
paid
Jan.
Jan.
Jan.
II
,tan.
Jan.
1
16(ran
(ran
;?!
%
•»!
,
•
CO
1
(ran
IC
mx
t-
S.:
1
;
(ran
Lower.
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If
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iiS
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MM
3S
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to.
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so:
MMjcM MMcpM
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^ TO
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f
ey.
tOM 2
CO,-''
9.m:
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MMOM g
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ffl
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toto
toot)
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t
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tf
^
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wwOco
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tk
t1
J^l
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1
1
ZJiZfl
1
*^
CJiOJ
w
"^
§
Is
s q
K|
« q
£
"
oo
Sm;
S)m;
9 to:
S
a
d
S® MMotM
WMtOl-' MH-iOl-' MM^M ^^r^^^^^ ^'^(ij^
-s MMOM ^ror
^ror
ciidiOyt dd^w
C" Oi O tn
s o OO -1 C
Oi C
o« «t O ui
*
K-hB
CD
OOl *^
too 03
MM
MM >i MM
K-rf^p^
to
to
r-r !? '1<^ < •f^ <
c^
r*:'
< ^^ f Tf
ooi 2 ^ to
c:C3
2
2 o;05 2
H Ma
" ex 01 "
"!MM 3^ ovo
*.w
erne.
<»
9f
S.m:
^y;
t ^^ M,-a)M
9 to:
s
s
csg MMOM Mi—to"-* '''-'OiM M oM MMoiM MM|-M
MMOM 1 5^
6
o
*i*jo<i c-.oiOoi d> od d-iod oaOoj
ei
OiM O tOOD O
o>
If
ooo ^ toto o
hi
^'f'
M
> f^f' >. M
to
b MM t^ M
>
l(^
:
1
1
1
i
1
:
:
1
afloat for
to.
f'l-'
1
:
1
1
499.000
522.000
2 16,000
243,000
560.000
043.000
945,611 1,159,027
328,139
287,885
17,000
23,000
549,000
155,000
618,000
922.213
332,108
19,200
430,000
124.000
479.000
,1.53,383
378,609
12.800
481,390
618.500
473.300
548.000
2,667,496 2,806,106 2,595,521 2,577,792
40
period of 1883-84
i?
!?
—
is
3.140,796 3,354,166 3,214.021 3,059,132
65id.
S^sd.
Si^itd.
5''9d.
set
out in detail in the foUovring statement.
as
--
^
o
=; ffi
-4
c s
-
-;
S
'^ -^
d
I I'^li 11111-3 llli lis II
n^s
r ^ ;: 5
'^
iJ|-^^
o
^
H
•
5S
"^
o??i; f: Paa_!^ie!^2:
1
H
- " IT -
-•
:
1
1
•
compared with 1882.
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
«1
(firf^
860,390
116,000
144,000
618,000
479,000
56,000
31,000
922,213 1,153,383
332,108
378.609
19,200
12,800
||^~ The imports into Continental ports this week have been
53,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 213,370 bales as compared virith the same date of
1884, a decrease of 73,'3'35 bales as compared with the corresponding date of 1883 and an increase of 18,386 bales as
tf^
[p.
{>.
1 17,000
47,000
560.000
613,000
56,000
63.000
945,611 1,159,027
287.885
328,139
17,000
23,000
.
Total visible supply
Price Mid. Upl., Liverpool
C'<
Q'lC-
Europe.
Total East India,
Total American
•9
Sn
t*
1
Pl^CJ
22.1,890
....2,667,496 2,806,166 2,595,521 2,577,792
Total American...
S<ut Indian, Braztl, <tc.167,000
232,000
265,000
202,000
iJverpool stock
37,500
76.400
44.400
55".OO0
London stock
101,890
105,100
117,300
88.000
Continental stocks
144,000
47,000
117.000
116,000
__
India afloat for Europe.
31,000
56,000
63,000
56,000
Egypt, Brazil, iio., afloat
1
<
2
2
•
ss--":
1
If
su:
1
> t:
'K
K^
MCC
KW < "^K
-M{XM
MmM >^^o^r^
^<:>^ MMoM T'foM
OOWOco Mi-Ow
uOu
M UCO to
to
MM >
MM U. MM
WOi
OX
260,100
United States stock
United States interior stocks..
United States exports to-day..
Q
S;j:
1
>«
331,000
400
2.090
fr
ftor^
1
American
<
SSoili
to
—
«s
1
a*.
363,300
bales
Liverpool stock
Contmental stocks
1
dooo
to.
1
119,000
4,200
35,000
5.ooa
4,800
2,200
41,900
11,300
Amencan—
1
©to:
su:
wm:
»«:
M^M MMO-.M
MM«.M
s
MMoM t-*>^.^r^ MMVjM
MMo-r MMOM
rOM
^^Ojb. CJiwOy «.|t.C,t. M*0<..
l.O*- oioiOife« Ci Mr- G OiiC- cc ijytjt w
M
r^^ > M»- ^ MM > MM
> ,^^ f^
< f? <
f'f !? ^r* < MM 5 rr" Z r
o
»
Oioi
o.";
GOO
151,000
4,000
44,000
7,900
5,600
631,500
3,140,796 3,354,166 3.214,021 3 059,182
Total visible supply
Of the above, the totals of American and other descriptions are as follows
»
totoOto
1
lO-lO
3,500
149,000
7,000
44,000
10,000
7,000
.
-1
MMcoM
1
1
t'''
If*-
900
14,000
3,400
United States exports to-day..
t»
oo
totoOto
"I
1
"r;
f^f
tOlOOM
^-i.J
ij
1
890,100
4.000
25,400
1882.
59T,000
37,500
786,000
2,600
59,000
48,000
cott'n afloat for Eur'pe
Egypt,Brazil,&c.,aflt for E'r'pe
Stock in United States ports
Stock in U. 8. interior towns..
1
MOOO
MM^M
OO c h^r^ O
MM > MM |> MM
f-r < r^:'
f*:«w
QCOl
too
MO
«*:
MModM
1833.
814,000
76,400
1884.
731,000
55,000
768,000
7,000
36,400
51,000
600
1,300
211,000
4,000
38,000
6,000
5,000
Amer'u
1
sio:
l-'^^,"
1
1
totoOu
1
1
I3M
Total Great Britain stock
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
India cotton afloat for Europe.
V,
"^
"^
1
beta
1885.
724,000
44,000
bales.
TotalEuropean stocks. ...1.131,300 1,117,000 1,150,500
CC
1
Stock at Liverpool
Stock at London
li
"I
®F:
1
1
b»
">
those for Great Britain and the afloat, are this week's returns,
and consequently all the European figures are brought down
But to make the totals the complete
to 'Thursday evening.
figures for to-night (Jan. 16), we add the item" of exports from
the United States., including in it the exports of Friday only.
-
MMOM
MMoM MMoM
c-Oo
COOo
odoo
cmOc
out
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xc.
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If
S
<
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M to M
M*i._^H- COCDCO
r
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to CI to o> (C to
aoo<icc*-.co(t^c;MCDCii"cocntocoto--i:;«
•^oi®CiWc. **o:0'y"--j-^t0'-'<itoitfco
C
Inolades sales in September, 1884, for September, 158,200 September October, lor OctolM r, 421,800; September-November, for November
5 82,20 0; September-December, for December. 967,800.
igr We haTe Included in the above table, and shall continue
wees to give, the average price of futures each day for each montheach
It
will be found under eacu day following the abbreviation " Aver."
The
•verage for each month for the week Is also given at bottom of table
Tran.sferable Orders-Satiinlay, H-15o.; Monday, llOSc; Tuead'av
ll-05e.; Wednesday, ll-lOc; Thursday, 11-lOc.; Friday, 11-lOc.
;
The following exchanges have been made during the week:
63 pd. to exch. 800 Feb. for Aue
-06
•16 pd. to exch. 1,500 Feb. for Mar.
•35 pd. to exch. 300 April for July.
•06 pd. to exch. 1,800 Feb. for Mar.
I
to exch.
-41 pd. to exch.
100 Feb. for Mar
300 Feb. for June.
The Visible Supply of Cotton to-night, as made up by cable
and telegraph, is as follows. The Contmental stocks, as well as
i>d.
|
<i
O"
to M
a QD o c<
CD
c«
M COVtoV M W 03 W GCU'to'to'cD
Oi Oc'^'ifc
C)U»M,(fc.OCO
O O
ao:DiucD
c;'C;iwC0Orf^'-'t3ccci:'CDX0i<i
0-JQDODa*f(Uo;;yi(kcsoj-^-iO'MCD(»i*>.
osto*.5;ttoM
0sc0M(0MMy»tccDrf^; ^5:^^J:OX0^5;l*»ao
til
C:
W
eC
M
OMM MH
UfO'^ccloM
c>OtoiotooDtoM^bo' a'cctf^-pcobD'^cc
C003OC0OO*>->6.CJ'X' MWWaO'ifi.OCD
CPtOOCOOtf^XtOaP Ji. M «^ to Oi 00 GP 16^ M
figures estimated.
M M » © to
aMMQDCDQM
C/t
• Tills
-J
year
s
totals show that the old interior stocks have
decreased during the week 13,653 bales, and are to-night 40,254
bales less than at the same period last year. The receipts at
the same towns have beon 34,046 bales more than the same
The above
—
..
Jajtoaby
THE CHRONICLE
17, 188».]
last vpnr, iin<l since S.<i)t<>iiilx>r I the rweipts nt nil the
towns are So.iHJO bales less than for the same time in lS8;!-«4.
week
Quotations for Middlinu Cotton at Other Markets.—
In the table below we give the oloMing ((uotatioas of midiUinK
cotton at Southern and other principal cotton markets tor each
day of the past week.
Jan.
le.
I
FH.
lO'is
IOS9
10>4
ID'S
10>9
10»8
10»i«
10>B
10>4
103«
10>«
10»8
101116
109,«
1039
109,«
103g
108,8
lO'ia
10»18
105,8
10>4
10 V,
lOU
lOU
1033
1038
I0>9
10»,8
lOOg
1038
lOia
10»ie
1038
101a
io>«
WUmlngton
..
Ilia
Boston
Baltimore
Fhlladelphin.
Aufuata
Memphis
—
—
Loals
Qlarinnati
4St.
Iioaiiivtilo
. .
im
1039
1038
103b
10>i
im
ICs
ICs
10%
11'4
1039
10^
loiti,
im
10-9
im
im
lO's
im
1039
10 1<
1039
103g
IOI3
103^
10!«a
1038
1038
10t<
10>4
10>«
10»i„
im
im
lOT,
lOSiea^
IOJ9
1038
10>a
lo>>i
I
i
'
10^
1
1038
1038
ICa
103s
Receipts from the PLA>fTATioNS. —The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are sometimes misleading, as they are made up more largely one year
than another at the expense of the interior stocks. We reach,
therefore, a safer conclusion through a comparative statement
like the following. In reply to fret^uent inquiries we will add
tliat these figures, of course, do not include overland receipts
or Southern consumption they are shuply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
RBOBtFTS FROM rLANTATlONS.
:
Recelpta at the Porte. 'SVkat Interior Jbwiis. Rec'ptsfrom Plant'ru.
Week
flwUny—
Oct. ai
Hot, 7
14
31.,
Dec.
83--8t. '84-'85. 82-'83.i 'SS-'Sl. '84-'»5.
'88-'e3.,'8S-'84, '84-'8S.
j
i
256,623 241.921 277.470 175.092 276,734 ibd,,058 292,398
,862,251 2t57.a(M 257.011 211,740 313.249 171,,996 298.899
259.154 242.078 269,114 244,123 343,029 |l9S,,970 81)1,637
.842.169 222.510 258.774 259.175 359,748 226. 539'257,22l
85^097 232,185 384,1192 275,700* 371,514 2«7, 133|271,02S
847,017 265.1S4 27«,3()) 291,3-rt' 388,477 316, 010 a62,89:j
262,015 281,163 2S9.45T 299,528 4 10,246 '333, 451 270. 167
281.669 304.017
304,119 275.979
272,758 293.C88
238,329 239.343
237,001 322.286
27T.397; 825,186
304,932 308.,889
258.340 336,993 423,377 363,,886 295,638 261,0(M 286,755
207,893 37(;,855: 422,310|383,,520 294,785 200.419 207,547
154,075 3S3,i147 407,974 349. 483,228,789 126.276 110,013
133,991 3S0.348 as»,8U8'320,,785! 171,983 72,169^ 106,291
81,284' 115,025
1.10.931 307.937 360,715';!04, 859*138.109
1
298,170247,733
251,923'20I,88e
Jan.
8
I224.997' 140,612
173,382
16
i
90,245
150,3001 10.467
1
The above statement shows— 1. That the total receipts from
the plantations since September 1, 1884, were 4.244,105 bales;
in 1883-84 were 4,069,233 bales; in 1883-83 were 4,363,713 bales.
8. —That, although the receipts at the outports the past week
were 130,9.51 bales, the actual movement from plantations was
11-5,035 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 81,384 bales and for 1883 they were
138,109 bales.
Amount op Cotton in Sight Jan. 16. —In the table below
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
substantiailly the amount of cotton now in sight.
1884-80.
1883-84.
1831-82.
1882-83.
,
on
29 to 66.
Thnrt.
Kortolk
,
an<l the remained of the week cloudy with rain
three days. The rainfall reached two inches and ten hun-
on three days
ii"*
Wettuu.
.
O'llinnbus, UisslssipiH.—'We have had rain on four day»
of the week, the rainfall reaching two inches an^l forty-one
hundri'dlhr*.
,
.
Little Rock, Arkan.MS.—TUe weather lias been fair to clear
lU'Si
Tuet.
10 >a
The rainfall reached one inch and ninety-five
The thermometer has ranged from 42 to 6«.
The thermometer has
is now snowing hard.
the highest being 65 and the lowest 33. Last week
was elejir on three days, and we had rain on three days, with a
Average therrainfall of seventy hundredths of an inch.
mometer 36, highest 02 and lowest 18.
Helena, Arkansas.— H has rained on four days and the remainder of the week has been cloudy. The rainfall reached
four inches and eighty-eight hundredths. Sleet is falling this
Mon.
SarannaU
hundredths.
dredths.
Satur.
Onlvoston ...|
NowOrloaim.!
Mobile
Obarlfistnn
on-
cLosiso qiroTATiowi roR middljso cotton
Week ending
bi-en cloudy.
97
i
It
42.
averaged
morning.
The thermometer has averaged
45,
ranging from
Memphis, Tennessee.— It has rained on three days of the
Tfte rainfall reached two inches
is now snowing.
and uiinety-six hundredths. Average thermometer 47, iiighest
week, and
65 and lowest 29.
Nashville, Tennessee.— li has rained heavily on one day
and has been showery on three days of the week, the rainfaU
reaching two inches and one hundredth. It is claimed that
there is much less cotton left at interior points and in planters'
hands than for years pa-st at tliis date. The thermometer lias
averaged 45, the highest being 63 and the lowest 28.
Mobile. Alabama.— It has been showery on two days of the
week, the rainfall reaching fifty-nine hundredths of an inch.
To-day constant rain. The thermometer has averaged 59,
ranging from 41 to 69.
Montgomery, Alabama.— 'We have had rain on three
days of the week, the rainfall reaching thirty-three hundredtlis
of an inch. The thermometer has ranged from 39 to 73, averaging 57.
Selma, Alabama.— yVe have bad warm, sultry, wet wt-ather
during the week. It has rained on four days, with a rainfaU
•
of two inches and twenty hundredths. Average thermometer
.55,
highest 68, lowest 43.
'
Auburn, Alabama.—^^e have had a severe tomadic storm
on three days of the week, the rainfall reaching one inch and
sixty-two hundredths. The thermometer has averaged 53-8,
the highest being 68 and the lowest 38'5.
Madison, Florida.— We have had rain on one day of the
week, the rainfall reaching thirty hundredths of an inch. The
thermometer has averaged 60, ranging from 37 to 77.
Macon, Georgia.— It has been showery on one day of the
week. The thermometer has ranged from 35 to 70, averaging
52
Columbus, Georgia.— We have had rain on one day of the
week, the rainfall reaching forty-two hundredths of an inch.
Average thermometer 54, highest 65 and lowest 42.
Savannah, Georgia.— It has rained on two days, and the
remainder of the week has been pleasant. The rainfall reached
The thermometer has
thirty-one hundredtlis of an inch.
averaged 58, the highest being 75 and the lowest 45.
Augusta, Georgia.— We had light rain on three days
the early part of the week, but the latter portion has been
The rainfall reached sixteen hundredths
clear and pleasant.
of an inch. The thermometer has averaged 53, ranging from
m
37 to 70.
Atlanta, Georgia.— We have had rain on one day of the
week, the rainfall reaching one inch and seventeen hundredths. The thermometer has ranged from 83 to 62, averaging 51.
,
J
Charleston, South Carolina.— We have had rain on two
days of the week, the rainfall reaching fortj^-eight hun.
Reoelpta at tbc ports tj Jan. 16 3,956,461 3,757,674 4,012,231 3,600,400
latenor atockn on Jan. 16 lu
287,644 311,559 351,482 373,618
uxcess of September 1
Tot. n^cripts from planta'tns 4,214,10,'5 4,069,233 4,363,713 3.974,018
413,082 323,.il0
358,018
382,41.5
Net overl.iinl to Jamiury 1
100,000
Southern couAumpt'u to Jan. X
115,000 123,000' 130,000
Total in sight January 16.
Northern spinners' takings to
January 16
4,717,153 4,574,648 4,900,7S5 4,397.528
844.261
938.001 1,023,595 1,130,300
be seen by tUo above that the increase in amount in sight
compared with last year, is 142,505 bales, the decrease
o-niKht,
Tom 1882-83 la 189,642 baloi*, and the Increase over 188 1-82 is 319,625
It will
an inch. Average thermometer 57, highest 73 and
lowest 44.
,
i
Stateburg, South Carolina.—Vfe have had rain on two
days of the week, the rainfall reaching eighteen hundredths
of an inch. The thermometer has averaged 522, ranging
dredtlis of
.
from 38
to 67.
Wilson, North Carolina.— It has rained on two days of the
week, the rainfall reaching fifty-four hundredtlis of an inch.
The thermometer has ranged from 36 to 66, averaging 50.
a.s
ialcs.
Weather Reports by Telegraph.—The weather
has been
rainy in the Southwest during the week, with snow and sleet
reported to-day from Arkansas and Tennessee. In the Atlantic
States there has been lass rain, and the conditions for free
marketing have been more favorable.
QalvesUm, Texas. It has rained on two days of the week,
the rainfall reaching two inches and ninety-five hundredths.
The thermometer has averaged 63, the highest being 73 and
the lowest 44.
Indianola, Texas.
have had rain on four days of the
week, the rainfall reaching one inch and eighty hundredths.
The thermometer has averaged 58, ranging from 37 to 78.
Palestine, I'exas. It has rained hard on three days of the
week, the rainfall reaching five inches and seventy-three hundredths. The thermometer has ranged from 33 to 70, avervging 51.
New Orleans, ioMmana.—Telegram not received.
Shreveport, Louisiana.
have had rain on three days
the week, the rainfall reaclring ten inches and five bun J• hits.
Average thermometer 53, highest 73 and lowest 30.
Vioksburg, Mississippi.
are having too much rain.
U has rained on four days and the remainder of the week has
—
—We
—
—We
!
— We
.,.
India Cotton
Movement fbom .all Poets.
— We
have
re-arranged our India service so as to make our reports more
had found
detailed and at the same time more accurate.
us for the
it impossible to keep out of our figures, as cabled to
ports other than Bombay, cargoes which proved only to be
shipments from one India port to another. The plan now
followed relieves us from the danger of this inaccuracy and
first give the Bombay statement
keeps the totals correct.
lo.
for the week and year, bringing the figures down to Jan.
TEARS.
FOUR
FOR
SHIPMENTS
AND
RECEIPTS
BOMBAY
We
We
iBMpmtnti thU week.
ShipTnenI' nnee Jan. 1.
ContiTeari Oreai OonH-\
Total. Britain] nent.
Brit'n.] nent.
eh-eat
1885 2,000 17.000! 19,000
1384 6,000 7,000 13,000
1S83 5,000 1.1,000|20,000
I882ll9!o0o| 9.00o!2S,000
4,000
24.000
18.000
49.0001
29.000
31,000
28.000
25,000
Reetipt*.
TMt
Total.
33,000
55.000
46.000
74.000
Veeft.
21,000
36.000
34.000
41.000
8iKe*
Jan.l.
37,000
113,000
90.000
103.000
Accordmg to the foregoing, Bombay appears to show a
receipts of
decrease compared with last year in the weeks
000 ba^ee, and
15,000 bales, and &n increase in shipments of 6
of 23,000 bales.
the shipments since January 1 show a decrease
Calcutta, Madras and other India p*r*« for
The movement at
—
.
THE CHRONICLE.
98
January, for two
the last reported week and since the 1st of
" Other ports" cover Ceylon,
years, has been as foUows.
Tuticorin. Kurrachee and Coconada.
ShipmenUfor the week.
WiipmenU tinee January
|
1.
[Vol. XL.
as the weeks in different years do not end on the same day of
have consequently added to our other standing
the month.
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named. The movement since
September 1, 1884, and in previous years, has been Us follows:
We
Total.
1885
1884
AU others—
1885
1884
1885
1884.....
The above
4,000
5,100
5,000
9,900
5,000
9,900
Totalyeai 3.662,20D|3,179.937 3,514,473 3,253,322 3,454,099 3,120,871
Pere'tage of tot. porti
68-93
53-80
58-38
62 39
7175
receipts Dec. 31..I
week show
that the
movement from
1,100 bales less than same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1885, and for the correapondmg
penods of the two previous years, are as foUows:
Bombay
is
EXPORTS TO EUROPE FROM ALL INDIA.
Jan.
Bombay
All other ports.
Total
This last
1.
Jan.
1.
Jan.
33,000
5,000
13,000
5,100
55,000
9,900
20,000
9,00J|
46,000
19,500
23,000
38,000
18,100
61,900
29,000l
65,500
statement affords a very interesting comparison of
total movement
Alexandria Receipts and Shipiients,—Through arrangements we have made with Messrs. Da vies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable ot
the movements of cotton at Alexandria, Egypt. The following
are the receipts and sliipments for the past week and for the
corresponding week of the previous two years.
for the three years at all India ports.
Alexandria, Eaypl,
January
Beoelpts (oantars*)—
This week
Since Sept. 1
188r-83
1883-31.
1884-35.
14.
100,000
2,242,000
135,000
2,48S,O0O
Tliie
Since
week. Sept. 1.
95,000
1,821,000
/Since
Thil
week. Sept. 1.
1884-85.
ThU
1882-83.
1883-54.
1881-82.
1880-81.
1879-80.
1.
19,000
4,000
he
This statement shows that up to Dec. 81 the receipts at the
ports this year were 183,368 bales more than in 1883 and
By adding
147,733 bales more than at the same time in 1883,
to the above totals to December 31 the daily receipts since
reach
an
exact
comparison of
that time, we shall be able to
the movement for the different years:
Since
Thii
week.
Since
Thit
week.
Since
333,613
888,492
942,272
956,464
1883.
1884.
1885.
voeek.
1879,
429,777
458,478
853,195 968,313
974,043 1,006,501
996,807 1,020,802
1,500
1,400
4,000
5,100
from—
1.
1880.
1,500
1,400
1,500
600
TAii
1881.
600
1,500
Europe
1882.
1883
1,000
2,200
500
1,200
totals for the
6,300
1884
1,0^0
2,200
500
the ports other than
Receipts.
343,812 326,656
345,443
Sept'mb'r
October. 1,090,385 1,046,092 980,534
Novemb'i 1,122,164 1,030,380 1,094,697
Deoemb'r 1,104,211 1,059,653 1,112,536
1,200
Total all-
2.500
2.500
6,300
2.000
3,300
2.000
3,300
Madras—
(0 alt
Tear Beginning September
Monthly
Oalantta—
188S
1884
Sinci
week. Sept. 1
Tot.Dc. 31 3,662,205 3,479,937 3,514,473
19,932
49,368
10,259
Jan. 1..
" 2..
18,203
35,488
19,022
" 3..
24,056
23,206
18,888
" 4..
19.977
29,181
B.
"
5..
"
6..
" 7..
" 8..
" 9..
" 10..
" 11..
" 12..
" 13..
" 14..
" 15..
" 16..
25,885
21,983
15,947
14,637
32,31'<
21,987
8.
25,036
20,001
24,744
10,924
28,206
14,490
:,253,822
33,895
34,713
8.
20,021
9,986
16,385
14,731
14,129
15,185
8.
S.
39,653
19,719
28,949
25,776
28,542
23,752
18.021
17.404
16,082
31,999
19,691
8.
8.
23,330
21.32S
17,926
23.405
37.231
17,951
,454,099
20,294
8.
,120,871
15,776
30,208
23,424
30,790
11,808
13,397
16,773
25,039
17,286
23,518
22,906
19,929
17,551
S.
34,762;
20,411
a.
26,880
18.056
20,086
18,509
28,777
24,347
17,601
8.
S.
21,640
16,348
13,187
12,362
31,330
12,290
B.
8.
22,132
21,127
19,01ff
19,790
26,983
3,930,461 3,713,899 3,937,283 3,530,301 3,718,785 3,445,330
Total
Percentage of total
63-8
74-79
63-30
65-40
76-58
port reo'pts Jan. 10
Exports (bales)—
7,000 207,000 10,000 161,000
3,000 71,000
9,000 88,000
.......
fn> LdTe'rDool
loOontlnent
*
Total Europe
oantar Is 98
A
S,000 146,000
4,000 45,000
16,C00 295,000 13,000 233,000lll2,000 191,000
lbs.
This statement shows that the receipts for the week ending Jan. 14 were 135,000 cantars and the shipments to all
Europe 16,000
We
give the prices for
to-night states that the market is flat.
to-day below, and leave previous weeks' price for comparison.
1884.-85.
B\
XwUC
A.
d.
Kovl4 87,g« 9
21 8>2 ®
" 28 SBie*
Dec. 5 3!il«»
" 12 8»2 «
" 19 SH-a
" 26 838 a
Jan, 2 S'to®
'•
9 87i,a
" 16 9%
,"
8.
5
5
9^
5
9^8 5
9i8!5
9
5
9
5
01i8 5
91,„ 5
9&
1883-S4.
Ibl.
Shirtingi.
9
5
d.
8
9
9
9
8
7
7
s.
»7
»7
«7
a?
37
a?
®7
d.
1
2
2i2
3
1
71897
7i«»7
7i«a7
OotVn
Mid.
Uplils
d.
8I4 Ibi.
Shirtings.
32< Oop.
Iwiei.
d.
».
.I.
d.
5
511i« 81, a® 9
b!H
S^ 9 9-*8 5
5l3ie 8=8 a gis.s
9i8'5
5»3fl 8»8
6
7
7
7
5'8
5is,„
6
6
5I6|„
5'8
8
a
89ie» 9
8% ® 8%
8=8
8I3
81a
858
9
9
®
9
5
8.
d.
5
7
5 7
918 5 10
Mid
Vpldi
d.
®7 mi 5''8
a? 1>« 5.,
®7 lis
a7 \H 5 '8
97 214
5 513961114
S'aS 51486 llij
9
9
Oott'n
®7
a7
®7
^^"
1
513,6
fi'n!
515
21a
5"l,
1
History of the Kinodom of Cotton and Cotton Statistics OF THE World.—Mr. Morris R. Chew, New Orleans, has
issued a work on the above subject, suggested, we suppose, by
the
demand the World's Fair now being held in that city is
make for such information. The author has sought to
likely to
put together the early historical references to cotton, following
the history up till, in the progress of events, it became a leading article in the commerce of the world.
statistical tables of production and cotton
eral, with a numbsr of illustrations.
He
also gives some
in gen-
movements
JuTE Butts, Bagging, &c.— The demand for bagging has
been quite fair and parcels are being taken steadily. There
have been sales of 1,500 rolls various grades at full figures, and
sellers are firmly maintaining prices, which are 8Vc. for
\\i
lbs., 9Mc. for i;<^ Iba., 10c. for 2 lbs. and W^c. for
standard
grades.
Butts are in better request, there being inquiries
from manufacturers
in market for parcels. The most of the
business is for paper grades, though some transactions
are
reported
baggmg.
hear of sales of 3,000 bales both
lands at IJ^c. for paper and 2}i@2^c. for bagging, the
market
closmg firm at these figures.
m
We
Shipping
bales.
Manchester Market. —Our report received from Manchester
32( Oop.
This statement shows that the receipts since Sept. 1 up to
to-night are 'now 313,562 bales more than they were to the same
day of the month in 1884 and 19,178 bales more than they were
add to the table
to the same day of the month in 1883.
the percentages of total port receipts wliich had been received
to January 16 in each of the years named.
We
COMPABATIVB POBT RECEIPTS AND DAILY CROP MOVEMENT.
—A comparison of the port movement by weeks is not accurate.
News.—The
exports of cotton from the United
States the past week, as per latest mail returns, have reached
143,917 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
With regard to New York we
the Chronicle last Friday,
include the manifests of all vessels cleared up to Thursday
night of this week.
Total bales.
Liverpool, per steamers City ot Berdn,
Germaulo,
Gallia. 910
..England, 1.207
Lalfe Huron. 2,833
Lalse Cuaniplain, 76a
13,503
Plato, 633. ...St. Rouans, 3,85G. ...Wisconsin, 501
713
To Havre, per steamer Ameritiue, 713
819
To Bremen, per steamer Salier, 819
400
To Rott«rdam, per steamer P. Calaud, 400
Wandrahm.
To Antwerp, per steamers Belgenland, 1,214
^'*'^
198
500
To Genoa, per steamer India, 500
50
To Naples, per steamer Vincenzo Florio, 50
of York,
New Orleans— To Liverpool, per steamers County Escalona.
Ertu.irdo. 4,650
4,660 ...Deepdaie, 4,700
3,400. . . .Francisea, 6,500- .Glenogle, 9,100. .Neto, 1,782
39,011
....Oaxaca, 4,219
8,D/9
Stag, 5,250..
To Havre, per steamers Ardancorrali, 3,329
3,625
To Bremen, per steamer C'oronilla, 3,625
253
To Hamburg, per steamer Kiverdale, 233
ToGlient, per liarlc Rosa e Aurelia, 1,570
I'il'i
'
To Barcelou;i, per bark Josef a Formosa, 1,307
2Z
To Genoa, per bark Louisiana, 1,100
l'-?9
Mobile—To Liverpool, per bark Zebina Goudey, 3,515
'2iS
"00
To Bremen, per brig Palme, 700
Charleston— To Liverpool, per steamer Di-agon Pl.y, 3,283 .„.,
per bark Oma, 1,336 Upland 8,245
Upland and 607 Sea Island
To Havre, per bark Nellie T. Guest, 2,302 Upland and 120
3.022
Sealsland
To Barcelona, per steamer Rowena, 3,350 Upland
°'»5x
7o9
To Majorca, i)er bark Ciscar, 759 Uiiland
SAVANNAH—To Liverpool, per steamer Lancaster, 6,009 Upland
per barks Esra, 1,304
persbip Asiana. 4.113 Upland
'"' .SI
Imperator, 1,871 Upland
Upland
650
To Havre, per brig Etbel, 650 Upland
SOU
Rosa,
.300
Upland
bark
per
To Genoa,
QALVESTON-To Liverpool, per steamer Enchantress, 3,911
Chapman, 1,593
per barks August Leifler, 1,821
Frederick Weyer, 1 .1 8i>. . .Gustafra, 1,044. . . .Roma, 2. 185
1,467
....Speranza,
^^'Wi
1''5"
To Fleetwood, per bark Edouard Raoul, 1,250
To Havre, per barks Frnmtart, l,200....Me88el, 1,335
^'SS,
To Genoa, per bark Aalesmul. 927
9jJ
754
To vera Cruz, per steamer Wbitne.v, 731
Mane,
WiLMiNOTON—To Liverpool, per barks Louis, 2,278
4,441
2 103
Vidette,
NOBroLK—fo Liverpool, per barks Nicosia, 617
a,6^7
010
1,782.
To Havi-e, per bark Hesperia, 1,782
New York—To
1,042
],832
—
.
.
—
—
.
—
—
:
January
IJvoriioot,
per
3t
Boston —
Baltimore, 1,982
1.3A7
Eiiroiiditn, (addltluDiti)
.'«.177
per HtoHiiinr Hi'riiiami, 1.345...
o l-lveriwol, per atuaiucnt Iliorlao, 787.... Iowa, 1,8 73
1,31
1111111.
I
The
Uverpuol, per ateuiuer
Illinois,
6V£
1112
„
Total
^
s.tno
....Vciii!liaii. -^-'WO
FHii.AUiiLPiiiit.— To
1 13,917
particulars of these shipments,
arran^d
ia our usual
Liver-
Fleet-
r>ool,
tp:Knt.
New
Yor». 13.r>03
N. Orleans. 39,«11
3,515
Mobile
5.245
OUarleston.
Savannah.. 13,297
Ba'tlmore..
Boston
PhUadelp'a
713
819
8,579
3,S78
icerp
rf!
(Ihent. Hajorea. Naples.
1 8ia
550
1,570
700
1,307
4,109
500
627
2.535
4.411
2,027
5,177
5,350
17.3y7
55.145
4,215
12,376
11.147
1,100
«60
1,2,^0
Total.
.
3,0'i2
3,0*i2
If.W?
Niirrolk....
Ham-
it
Bavre* burg.
Jhiree- Oeno'i
toita iC ftiitt
Jan.
Jan.
3.
•67,000
•3,000
"6,000
•11.000
'17,000
•43,000
ent.ooo
417,000
•194.000
•163,000
287,000
Actual e.vport
Forwarded
Total stock— Eiftimated
Of which Aniorioan— Estlm'd
Tot.il Import of the week
Amimnt afloat
KoI'duiii,
Sreinen Anl-
.
Dee. 26,
hales.
Sains of the week
Of wlileb exporters took
c^f which speculators took..
Sales .\meriean
of which American
form, are as follows:
Oalve.stou
WiliniiiKton
99
Total bale*.
MamorB
rii'ciiHMlaii. (.tditltluual)
.V.ivii S.'otlaii, 1.7(i7
T.i Mr,
;
THE CHRONICLE.
17, 188S.1
Baltimoub— To
.
.
Jan. te.
0.
52,000
3.000
5,000
32,000
3,000
43,000
698,000
494,000
182,000
149,000
339,000
310.000
43,000
3.000
4.000
20,000
0,000
24,000
724,000
B22,000
07,000
76,000
346,000
325,000
Of which Amerlnau
26'^,00''
* For two weeks.
The tone of the Liverpool market for spots and futures each
day of the week ending Jan. 1 0, and the daily closing prices
of spot cotton, have been as follows:
Saturday Monday. Tueeday.
Spot.
18.67:J
Wednet. rAurnTy.
Fnday.
1,111
\,7ii
4.109
8,523
5,350
1,345
612
612
Total.. 106.015 1,250 17,281 6,742 3.332 5,118 3,077 113,917
Included in the above totals are from Galvo»toa to Vera Cruz, 751
Market,
In buyers'
favor.
12:30 P.M.
Qulot.
Quiet.
Qalst.
Steady.
Quiet.
8,000
1,000
9,000
8,000
1,000
Partially
hUlier,
1-81 adv.
Firm at
2-61 ad-
Mid. Upl'ds
Mid. Orl'ns.
Sales
0,000
8,000
5,000
Spec.&exp.
500
500
500
.510,8
O'lS
5i5ia
«'l8
.
500
liales.
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
Galveston— For Liverpool— Jan. 15— Bark Mann. 1,035.
New Oklkans— For Liverpool—Jan. 0—Steamer Texan, 8,625; ship
1,'ird l.vtton. 4,1)50 ...Jan.
10— Steamer Norfolk, 5.121; sliip
Nettie Murphy, 4, 466.... Jan. lO-atoamers Uegiun, 10,000; Saturuina. S.SOO.
Fjr lliivro- Jan.
9— Bark
N. Hart, 1,853;
3,972.
Tliemis, 3,050
Jan. 10— Ship Thomas
bark Carlo, 2,386
Jan. 11— Steamer Corona,
For liremeu— Jan. 10 -Steamer Victoria, 2,100,
For Genua- Jan. 9—Steamer Espanol, 2,410.
MODILK— For Liverpool— Jan. 15— Ship Northumbria, 4,119.
Bavinsaii— For Liverpool— Jan. 13— Steamer Duneflin, 3,871
bark
Caleb. l.r,77
Jan. 14— Steamer Deuteros. 5,215.
For Bremen— Jan. 15- Steamer Biulapesth. 3,621.
CHAni.K.STON— For (irim-iby-Jan. ii— Steamer Harbinger, 4,611.
For Barcelona— Jau. 10— Barks .Vmiral Charner, 962
Formica,
Futurei.
Kasy
Market,
{
12:30 P.M.
Market,
j
6
p.
}
M.
\
15-8hipServiu, 1,571.
For Havre- Jan. 15— BarkKosa, 1,750.
Wkst Poi.NT-For Bremen— Jan. 9—Steamer Bertie, 4,609.
Nkwi-ort News— For Liverpool— Jau. 11— Steamer Anerley, 696.
Boston— For Liverpool—Jan. 6—Steamer Kansas, 2,493. ..Jan. 9—
Steamer Catalonia, 503
Jan.
10— Steamers
Bulgarian,
6G0;
Palestine, S'J8.
Baltimore— For Liverpool— Jan. 9— Steamer Oranmore, 612
12— Steamer Caspian, 1.S88.
For Antwerp- Jan. 13-8teamer Suffolk, 1.999.
Jan.
PHiLADELi"HiA-For Liverpool—Jan. 13—Steamer Lord Clive, 1,717.
Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.
ACUBA. steamer (Br.), from CJalvo-ston for Bremen, arrived off Dover,
En?.. January 15, with cargo in her atterhold on Are. Assistance
was asked fnr and sent.
-Xderdekn-, bark (Br ), from Mobile for Boston, before reported ashore at
Harvey Cedars, N. J. On Jan. 7 the vessel had seven feetof water
in her hold and on the 8th she was buried about eight feet In the
sand. A few bales of cotton have been saved. The cargo cannot
to saved until her dock washes oil'. There Is no prospect of saving
the vei eel. The cargo consisted of 975 bales of cotton.
llARmsGER, steamer (Br.), from Charleston for Grimsby, with 1,641
bales of cotton, while golug to sea A. M. of 14th struck on Charleston bar. She sprung a leak and the water extinguished tlio tires.
She was towed buck to the city with 11 feet of water in her hold.
Most of the water has been pumped out. The leak is supposed to
be on the oort bilge. The vessel is not thought to have sustained
serious damage, tier cargo will bo discharged.
Nova Si dtian, steamer (Br.), from Baltimore for Liverpool, was towed
into New York January 10 by steamship City of Washington, from
New York for Mexico and Havana. Tne Nova Scotlan on Jan. 7,
miles north of Cape Henry, broke her shaft and w.is return^_ 150
Xa. ing to Baltimore under sail. She was taken in tow on the 9th bv
the Cily of Washington.
Snowhii.i., steamboat, plying on the Neuse River, N.
was burned,
wi h a cargo of about one hundred bales of cotton, ten miles above
Newbern, N. C, Jan. 10. Vessel and cargo partially insured.
Waukk.s Sawyer, scliooner. from New Orleans for Boston, before
reported ashore at Nantucket. Seven hundred bales of cotton had
been saved up to Jau. 9. The vessel became a total wieck A. M.
of 8th. owing to the heavy sea.
Liverpool, steam d.
Do
sail
. .
Havre, steam
Do
sail
sail
c.
8atw.
Man.
%*
'is-iSsa* "le-ii^aa'
V
JFV»
H'
3b"
%'
sis-
=i«-
'I'i^-
"is*
"16'
=ii«
Hi'
50t
801
50t
50t
\-a)H2
4»»33-
sall...c.
»32*
>»d4*
»»«4*
Antwerrssteam..!:.
Hi*
»ia'
'le*
Compressed.
»4a»38*
c
Genoa, steam
e.
Trieste, steam... c.
Quiet
but
steady
Quiet.
vance.
Barely
Steady.l
steady.
and 6 Uhs,
tkns
:
5 G2
meant
Open
Hi«ll Jjvw.
March-Apr. 601
April-May.. 6 05
May-Iune.. 8 09
June-July.. 6 13
July-Aug... ei«
Aug.-5ept... 8 20
CU». Open
d.
d.
d.
d.
5 59
6 59
5 59
5 99
5 to
3 61
6 01
6 05
5 61
6 09
6 13
6 06
5 59
3 59
5 61
6 01
6 0J
8 09
a.
Jsnoarr.... 5 59
Jan.-Feb.... 5 5»
Feb.-March. 5 81
non., Jan.
6 19
6 20
601
805
d.
560
580 500
568 3 83
CIo».
d.
d.
5 80
5 60
5 00
5 62
6 02
8 06
etto
d.
d.
6 21
6 18
6 18
6 18
6 20
8 20
6 21
813
d.
6 03
5 60
3 63
8 03
607 606
610 etc 6 09 8 09
6 14 8 14 8 13 813
8 17 8 17 816 6 18
13
Open HlQh Low.
8 0S
6 07
....
Oct..NOT..
...
....
...
...
.
Low.
558 6JS 5 59
568 558 556
5 SO 5(0 5 59
600 8 00 583
6 01 804 803
608 6 03 8 07
6 11 611 8 10
615 8 15 8 13
Sept.-Oct...
NoT..Deo.
T«f»., Jan. 13."
I'i,
6 20
8 18
....
Wednes., Jan, 14.
...,
....
....
*••.
Thars., Jan.
l,*;.
Frl.,
January
—
Jan. 16.
d.
d.
It.
d.
d.
d.
558
651
5 39
5 59
561
801
eos
5 59
5 69
6 61
5 39
6 39
5 62
8 01
8 02
3 58
5 66
5 09
5 63
3 56
5 30
5 60
6 CO
556
859 658 5 58
5 59
5 59
5 62
8 02
6 03
8 09
8 13
6 i;
6 20
8 05
8 00
8(5
SOU
603 804
8 07 808
12
8 13
6 17
6 20
6 11
6 15
6 19
5 37
5 56
5 57
5 53
March-Apr. S83
5 63
6 03
8 07
8 02
610
614
6 09
6 13
6 IS
817
April-May.. 6 03
May-June.. 8 07
June-July.. 6 10
July-Aug... 6 14
Aug.-Sept... 6 16
3 68
ec8
3 82
8 02
6 08
8 09
6 09
6 13
618
615
8 17
8 10
615
81U
....
....
.
d.
3 57
fllS
....
d.
Jan.-Feb ... 5 57
Feb.-March. 3 59
5 59
563
603
80T
610
817
d.
d.
.56
55«
....
Open High Una. aoj. Open BiQh Low, cu». Open Hloh Lov*
d.
d
5
6 17
....
..
Clot.
8 11
6 15
a 19
5 38
5 69
6 63
6 03
6 07
6 11
6 16
6 19
Cto».
d.
5 50
5 68
560
600
604
608
611
SIS
6 19
Sept. -Oct...
Oct.-HoT„..
Nov.-Dec...
....
....
....
....
....
....
BREADSTUFFS.
Friday, P. M.. January 16, 1883.
week and the sharp advance in
prices demanded at the opening of this week had the effect of
checking the demand for flour until yesterday, when business
was again brisk and tlie choice grades again marked up, with
The large purchases of
last
holders manifesting a very strong feeling.
are
now from
50o, to $1
Current prices
above those ruling at the opening of
the month, and the advance has been most decided in the
OlB*
sail....c.
sail
Qalet.
Sat. Jan. 10.
better qualities.
»'sa*
Barcelona.steam.c.
'
%*
e.
Beral, steam.... d. *323'ie*
»3235i3*
Do
Wedna. Thuri.
=%'
%'
Amst'd'm, steam.^. 50 & 551 503551
Do
Tuet.
l8*
Hi"
as follows:
e.
Hambnrg, steam.c.
Do
week have been
.d.
Bremen, steam.. e.
Do
the past
Weak.
igp- Tilt prices arc given in pence
and 6 03 means 6 3-61d.
C
freitfhts
cline.
Barely
8 Load y.
1
Cotton
2-ftl
S 62-6 Id.,
1,308.
Maggie Moore, 2,732. ...Jan. 11-Ship Cumberland, 5,651. ...Jan.
Steady.
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.
;
WluiiNOTON— For Liverpool—Jan. 15— Brig Fidelia, 3,002.
Norfolk— For Liverpool—Jan. 10— Steamer .\nerley. 4,082; bark
Dull at
de-
lit
1.61 decline.
l4a»33'
4i»»3a*
'i»»3a*
>«*
»33
»33-
9ja*
»33'
iKao-Ha
5,3-11,^. »32-"e4* Sja-i'e**
1^32-^^4
Per 100 1 bs?
cable from Liverpool,
f
Liverpool.—By
we have the following
Btetement of the week's sales, stocks, &c,, at that port.
add previous weeks for comparison.
We
but
little
Rye
with wheat
flour
flour,
and corn meal have sympathized
and buckwheat
flour has been dull
and unchanged.
"Ihe wheat market has been variable and unsettled for the
week under review. Early in the week there was a good deal
of selling to realize profits accruing to 8i>eculator8 from the
late advance, and some decline took place, followed by fitful
fluctuations but on Wednesday there was a renewal of the
movement toward higher prices, and a very general recovery
On Thursday the speculation
of speculative confidence.
became quite excited, in sympathy with Western advices, and
;
there
was an important advance, which, however, was not
:
.
.
.
THE CHRONICLE.
100
was lower,
fully sustained at the close. Today the opening
but the early decline was fully recovered.
DAILV CLOSIUO PRICKS OF NO. 2 BED WINTER WHEAT.
FriWed. Thurs.
Hon- Tues.
Sal.
9513
96
94 14
95
94%
95
In elevator
9II4
92
92 "e
January (tell very
92%
OS's
Si's
February" delivery
Marcli delivery
April delivery
Jfey delivery
June delivery
92»8
93%
94
95
9568
9678
9838
0J?»
98H
9408
9616
97%
97^
98=8
9814
971a
92%
9414
gn^B
97=8
94I9
9638
9a%
99%
98
98»8
Indian corn, though fluctuating somewhat, has not attracted
sharp decline on
go much speculative interest as last week.
Monday, due to sales to realize, is the main feature of the
week's business, though the sharp recovery on Wednesday
There has been a very good trade
will not pass unnoticed.
liberal
for export as well as home consumption, but with
was
receipts the demand has been freely met. To-day there
a duU and rather weak market.
DAILY CLOSING PRICES OF NO, 2 MIXED CORN.
Fri.
Wed. Thurs.
Tues.
Man.
A
In elevator
January delivery
February delivery
March delivery
April delivery
SSi*
52i8
53ifl
50
50
49%
53
51 78
49 la
4938
4938
50ie
4938
4938
5218
MaydeUvery
Eye has been rather more
52%
52%
53
53
5234
5059
501a
5014
5038
527e
5312
BO'S
5OI4
5038
50 la
SCa
There was a
large busiactive.
ness in barley early in the week at better prices, but the
advanced views of holders checked business, and the close ist
quiet, with values somewhat uncertain.
Oats early in the week shared, to a limited extent, in the
speculative movement, and prices have been rather dearer, but
To-day the market
latterly little has been done in them.
closed firm, with No. 2 at 36c. for Feb., 36c. for March, 36J^c.
for April and 3734c. for May.
The following are closing quotations
Fine
.
$2
bbl.
Go'Si
853
20®
90®
Winter shiiip's extras. 3 15»
XXX....
4
35»
XX
Winter
4 73»
Patents
3
30»
Btuppiugez
Oty
3 309
Bonth'n com: extras
2
Superfine
Bptlng wheat extras.
3
and stra't.
3
Minn, clear
.
FlOtlK.
3 00 Santbem bakerb' ana
$i90lf 5 75
family brands
3 20
3 40 Rye flour, superfine.. 3 40» 3 65
2408 275
Fine
5 15
3 50 Com meal—
SOOo 3 25
Western, &o
5 25
Brandywine. Ao
a 3 30
6 15
5 00 Buckwheat flour per
I
82
96
94
80
85
48
Spring, per bQah.
SprtngNo. 2
Red winter, No. 2
Red winter
White
Com—West,
ndxed
West, mix. No. 2.
West, white
Bye— Western
State
a 100
-a
it
64
tiu
9
71
YeUow Bouthern.
" The movement
96
98
54
33 1» 3H
371 la 41
White
36 9 36Jfl
No. 2 mixed
No. 2 white
38 ai 3b>a
Buckwheat
48 « .id
HB
Barley -No. 1 Canada. 83
75 « 80
No. 2 Canada
State, two-rowed
59 « 61
State. sLi-rowed .... 69 a 71
I
We
aV-
Chicago
Mllwankeo
Toledo
ii,467
Detroit
Cleveland.
1,743
St. Louis
Peoria
2,468
21,940
..
....
1,800
Dnlnth
fllK,
1,128.300
7,200
65,310
63,969
36,500
6»4,619
211.380
s
422,205
22,900
340
9,792
11,000
62,100
172,375
225,200
30,172
75,430
2,026
2,210
700.712
616,402
582,558
372.322
202,149
430,924
460
1,474,241
2,195,308
130,882
930.863
1.778,394
-es
176,060
1,016,628
1,840,369
44,092
88,622
74,189
74.053,638
42.5«3.80«
30,906,044
10,246.033
18BM
3,872,067
4,687.811
S2,654,060
55.838,775
3:1,058,432
11.902,578
5,379,388
1882-8
4.937,706
52,864.300
37,180,7,'i6
2'3.821,122
9,491,609
2,572,399
The comparative shipments of flour and grain from the same
ports from Dec, 22, 1884, to Jan, 10, 1885, inclusive, for four
years, show as follows:
1884-5.
1883-1.
bbls.
664,826
516,920
1882-3.
7fi4,330
1881-2
391,466
bush,
1,031,595
3,630,431
1,229,363
364,860
115,356
969,990
2,962,J82
1,083,910
387,280
131,638
1,057.344
4,167 294
1,787,402
671,158
136,492
1,216,454
2,477,893
1,353,785
412.30S
133,602
6,371,605
5,535,400
7,819,990
5,624,043
Eye
Total grata
....
Below are the
shipments from Western lake and river
rail
ports for four years:
1885.
„
"OUT
Wheat.. „„.
Com..., ,_
Oats
Barlfy
Bye
total
1884.
1883.
1882,
Week
Week
Week
Jan. 12.
189,592
Week
bbla.
Jan. 10.
248,022
Jan. 13.
224,419
Jan. 14.
138,746
bash.
382,206
408,778
1,108,404
431,813
153,406
74,500
411,016
66.1.640
1,548,011
1,0211.80.5
735,610
243.121
63,282
606,746
111,105
39,002
1,565,445
536,162
104,,523
63,448
2,652,084
2,173,901
3,001,040
The rail and lake shipments from same ports
weeks were: ,'
2,452,298
for last four
.
414.993
623,275 1,511,973
10,550
92,3.>3
'84.. 161,563
Flour
Wheat
1884-5.
1883-4.
bbls.
699,863
705,569
1882-3
972,859
bush.
1,670,730
4,363,309
1,078,090
284,663
31,622
046,749
2,042,896
709,193
376.700
96,842
3,230,042
4,233,351
1,320.507
2 21,838
35,496
Corn
Oats
Barley
Bye....
1881-2.
595.670
1,6 14,681
1,712,894
1,020,462
314,362
21.430
3,872,380
9,011,731
4,673,720
7,430,434
several seaboard ports for the week
ending Jan, 10, 1885, are shown in the annexed statement:
Total grain
...
The exports from the
Exports
Bush.
970,152
45.600
68,803
NewYork
Boston. .
Portland.
Montreal.
Baltim're
Bbls.
Btish.
100,019
53,914
12,365
436,461
87,384
24,297
24,000
521,992
228,048
83,287
122,307
56,000
Philadel..
OaU.
FUnir.
Wheat.
from-
N. Orl'ns.
N. News.
.
Total w'k. 1,262,862 1,403,469
531,568
638,785
Bye.
Bush.
76,038
Peat.
Bush.
7,692
Bush.
31,949
.
..
39,076
3,157
29,816
100
1,224
23
260,525
76,163
.--...
182,569
46,768
31,949
1,145
1884.
Week,
Jan. 12>
1885.
Week.
Jan. 10.
to-
Bbls
Bbls.
Un.Klng.
182,734
Contin'nt
Brit, col's
24,111
28,939
20,253
4,168
Oth.c'n'ts
45
131,961
8,903
17.769
21.257
2,626
53
S.&C.Am
W. Indies
Oom,
Wheat.
Flour.
Exports
for week
1881,
Week,
Jan. 12.
1885.
Week.
Jan. 10.
Stish.
955,363
305,389
550
1S85.
Wee*,
Jan. 10.
Bush.
378.473
262,274
38
Bush.
956,088
401,012
36,053
8,701
1884.
Week.
Jan. 12.
Bush.
356,005
72.449
117,191
5,923
50
"i'560
2,062
638,785 1,405.469 531,568
to our previous totals we
have the following statement of exports this season and last
season:
260,525
Total...
By adding
182,569 1,262,862
this week's
movement
Flow.
Kvporta since
to—
18S4-5.
4«fl.
2,750
8,500
9,128,478
Wheat;
Mye.
bush
63,448
22,657
29,251
18,694
104.523
128,704
131,633
194,952
172,092 496,320 186,110 80.930 16,090
The total receipts at the same ports for the period from Dec.
34, 1884, to Jan, 10, 1885, compare as follows for four years:
week
7,000
42,068
10,800
ltl84-6
OatB
Barley
918,926
967,630
1,021,068
1863-4.
1884-5.
25 to Aug. 27 (0 Au^. 25 to
Jan. 12.
Jan. 10.
10.
BI>b>.
On. Etaigdom
Continent
2,273,763
219.557
S.&C.Am...
West Indies.
309,723
335,874
BrtUCornlea
Oth. oonntr'B
Total.
.
..
C&m.
Wheat.
18e34.
Jan.
Since July 28
Com
274,232
Totalweek
Cor.
.
132,867
'8i
PJour
bush.
914.742 1.441,389 4,651,499 1,719.665 559,812 134,030
4w'k« 83-1.745,434 1.318.869 4,043,377 1,477,112 .569.181 172,753
The receipts of flour and gram at the seaboard ports for the
week ended Jan, 10 follow:
Oatt.
Barleu.
Com,
Sye.
Wheat,
Flour,
bush
bush.
ousn.
bush
btish.
bbls.
At—
231,800
68,753
6,000
100,273 544.066
110,171
New York
2,500
250
96,900 152,930 105,000
78,236
Boston
•2.000
32,197
63,803
12,865
Portland
1,150
11,050
1,100
2,500
33,250
7,735
Montreal
34.600 20,000
1.200
136,200 103,200
Philadelphia... 23,480
11,000
600
184,847 425,567
36,159
Baltimore
94,2SS
Newp't News
19,543
158,275
3, COO
New Orleans... 5,586
AUfl. 25,
0,798
107,610
Tot. wk. '85
Same wk.
Bwne wk.
Bartey.
0at«.
Buth.mibi Biuli.S3lbt Buth.iSlb) Btuh.5ei
526,876
213,833
210,IS6
12«,148
49.900
236,048
3.6S0
90,650
61,099
.
Corn,
TFheot.
Flour.
Bblt.\9eibt Biuh.eOlbt
Bartty,
bush.
Oats,
551.487
369,172
308,701
489,3o2
74,471
54.366
The destination of these exports is as below. We add the
corresponding period of last year for comparison:
50
54
51
55
50
54
of breadstuffs to market is indicated in the
statements below, prepared by us from the figures of the New
first give the receipts at Western
York Produce Exchange.
lake and river ports, arranged so as to present the comparative movement for the week ending Jan. 10 and since Aug. 1
for each of the last three years;
WhlteBouthem..
382,206
316.778
332,611
409,791
Oat«—Mixed
aioi
»
»
«
®
»
9
02
Corn,
bush.
1,743.875
WKeat,
bush.
251.037
207,720
206,069
249,910
Tot..4w
.
»103
XL.
[Vol.
Flour,
Week
endina— bbls.
Jan.10,'85
Jan, 3,'85
Dec. 27'84
Dec. 20'84
time
1859 200 8'me
1884.
lOOlbs
4 73
OKAin.
Wheat-
Bteetpts
.
.
BMs.
Bwh.
1884-5.
188»4.
Aug. 27 to Aug. 25 to Aug. 27 to
Jan. 10.
Jan. 12.
Jan. 12.
Bush.
Bush.
BusK
2.234,144
12.161,867
11,281,699
7,633,189
12,640,265
13,107,700
6,554,904
1,051,499
8,171,211
35,435
302,9C]0
150,687
254.305
328,760
2K0,492
581
21,538
8,010
459,515
145,517
40,779
13,378
15,207
18,278
600
58,311
609,707
177,098
79,486
107,291
3.45,^,,19(l
3.281.o9.i
25,: 123.446
I7,8n7.;«2
10.278,810
18,685.938
146
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, 10, '85, was as follows:
Wfteat,
Barley,
Com,
Bye.
Oats,
busli.
bush.
bush.
bush.
In store at—
bush.
7,391,453
58,081
New York
296,979 321,i>34 177,746
The
Do
visible
205,067
63,069
800
13,500
2.098,000
5,000
Cliicago
14,049,389 2,128,596
151,429
Newport News...
11,001
Milwaukee
3,998,957
Uuluth
4,663,568
2,874,057
55,941
Toledo
692,134
Detroit
15,876
190.000
lOO.OCO
Oswego
2,347,157
423,327
Bt. Louis
49,323
Cinciunati (Jan.3)
13,349
180,351
Boston
107,672
174,654
Toronto
290,767
Montreal
450
962,229
Philadelphia
113,031
7,033
22,735
Peoria
ludianapolis
55,900
12,700
714,514
56,896
KaiiRus City
924,617
284,629
Baltimore
Down MiBsissippl.
178.130
408,589 1,538,931
On rail
afloat (est.)
Alljany (Jan. 3)
Buffalo
Tot. Jan. 10, '85.
Tot, Jan. 3, '85.
Tot. J.in. 12. '84.
Jan. 13. '83.
Tot. Jan. 14, '82.
Ti>t.
..
42,629,988 5,444,117
43,366,972 4,754,497
35,005,675 10,029,636
21.3,t8,769 9.428,510
17,381,910 16,6i31,08o
52,000
9,000
508,728
99,156
52.000
328,000
171,875
84,929
21,184
12,852
46,954
50,058
498,571
1,290
7,305
70,956
76,467
98,400
2,236
3,994
15,025
581,441
2,378,415
2,347.970
5,891.560
4.471,821
2,603,090
196,933
139,000
25,000
130,435
12,054
27,109
10,203
475,000
30,085
48,203
35,774
118,026
38,238
2,500
21,385
7,513
2,071
1,101
4,381
801
2,000
2,107
26,098
63,310
61,771
720,460
1,733,073
1,751,094 567,221
3,165,018 2.629,402
2,946,194 1,540,239
3,752,300 1,273,515
-
J
:
.
January
:
,
:
.
THE CHRONICLE.
1W5.J
17,
by the nuri'an of Statis
of domestic Iji-eadBtuffs from the
imdiTiucntioned customs distriotH, during the month of Dec,
ttisi, and for tlio twelve months ended the mime, as compared with the corresitonding periods of the previous year:
bhow the exports
coco
USPS
"-MS
C.T = ^ -
~
n
-^
a:
o
=r©
c33t>''-ro sj^o "
£^ £. £.
»
;
;
^^
:
'
!
,
;
•
(300D
'
SO" sx
SS;
"o;
.
!
:
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§.;
.
'
IT ft
,
•^ ft
G n
00 ao.
0^l^<
<
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as
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4:
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cscoi-»:o^i
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M
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a>bo3*a
tw
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4^
-^1
I^COUC®-
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—
{yMWr-'n^i
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w^-rcccic
c^-ito re/-
If..
Q
-J-
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to tc
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= -I
tit
or
QOtoblo'rV
——
-IClt^
*-Cl
wwos
i^i*»
•i
ce to -I
c
sr
—
•sj^ro
*4-l
to-
§
•».(»
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QO If- to C2
W CO
tt-w»-c:Ge»-IC0lOtO
I
;
w or CD c:
10
-^ t3 'X —
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tO-^OCd--'
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~
cs
OS
ji
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"joo**
^ T c:
b
^MOPtO
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o'
-
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—
'-'
#-ytc*'
I
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C!»
OS CO'
ODW-JO
£ b CD
CO
**'—
V
tOKJODtO
«e-coo:co
.-*
Uiostoo:
and printed lawns.
Print Cloths.— The following shows the course of the
market during the week:
to CO (0 to
CflOOMo;
toy
u o« ^^ O)
to'XMCC
if^
[£
't>-c
Ircoto-ibib
toa-
to
— CO -J
10
—
SALES OF FOTtTBES.
'O't-it-tC
—
Mo
ffi
100*-
<& CO i"
^^
—ao
K- a
^'
o"
cj CD
(*-
If*
—
^b
COTTOX
It..
EXCHAXOE
too:
00.'
2 5
—y
"00 c
cc
Spots.
Quiet
«o
QilCOO
Saturday.
Otif-COiU
ioti«—
Dull.
315
and
steady.
^Cwif-O
wcsc;
U'V
ti
QOOSI-'**.
cn-Kjcn
to
Quiet
00s -J
Monday.
Cor-g
S'COM.^q
0J'
Dull.
8-15
and
steady.
00 tc O; Ot o: 'I
C M ^ N!
(t.
J^
Quiet
-5 'iJ-.—
Tuesday
ec*-ifw
"-
to
to
c
•-'H-tOtO*»--QD0Dj'l
CO.
OS
— Ci Wto^toco*»."tocnl
CPOtoiouto^'Oiy.&.cci
(0;
f*
OiOCO^
.^,
i^O-l-O
bto*-ic
^CJ'it-CD.t^tOT^ICOCi'^''
pyoa«p
— — C'-*tO<l-q — — crici**
-X.
—
to
to
a
M wpcocsposc.
- — cobbii^bbMoo
I — OS'-'tOif-WW-J-'-f
D coj-j ** CO
p ** p X
a oo'-j^ b c CO
^Oh-QCOO^XOtO
jj;
o-t
and
*
5.
Quiet
Wed'day.
Dull.
and
3-15
steady.
»*-if-'
ov
Quiet
oto; os:c
COOPrT
Friday
wbtot-*
FebruaTy.
Price
Sales
Price
Sales
..
Price
Sales
Price
..
Sales
.
Price
Sales
Price
Sales
Price
Sales
Price
Saleb
Price
Sales
Price
Sales
Price
Sales
Price
Sales
March.
TotaL
-1
Dull.
315
and
steady.
.
.
.
..
...
..
..
.
.
Price
Sales
Price
Sales
Price
Sales
Price
Sales
Price
Sates
Price
Sales
Total.,
i-toxio:
10
and
S-15
Quiet
Thursday
— -^
tCOi
Dull.
steady.
totOO>
io>i»'bi-
Oi|f>-
3-15
Sr
p«iopMCo:;ito<j^o— .^
aobbtoocoTubscBQ' wl qd
*-
Dull.
steady.
3
Janiutry.
Tone.
rf^Ocsto
03C0
The demand for
toria lawns, Nainao<)k checks, etc., in execution of early
orders. Table damasks and damask cloths were fairly active,
and prices are firm at the lately revised quotations. Print
cloths were quiet in demand, and th« tone of the market was
easier at 3 3-16c. for 64x64 "spots" and 2?^'® 3 13- 16c. for
56x608. Prints were more active in first hands, and a fairly
satisfactory trade was done in ginghams, woven wash fabrics
o © r. -
5
X u to
their purchasoa.
—
oo;
W
.
fi^oods
most descriptions of staple cotton goods and clothing woolens
was light and disappointing, but a fairly satisfactory businew
in spring and summer fabrics, as ginghams, prints, dress
goods, lawns, woven wash fabrics. cottonad*;8 and white goods
was done by the commission houses, and there was a more
active movement in domestic hosiery, spring underwear,
small wares and notions. The jobbing trade has shown little
if any improvement as regards the distribution of assorted
lots, and no material increase of business in this department
is looked for until retailers have taken account of stock at the
end of the month. A fair package trade in domestics, prints,
etc., was however reported by a few of the leading jobbers
who cater for the wants of small wholesale dealers and the
manufacturing trade.
Domestic Cotton Goods. The exports of cotton goods
from this port during the week embraced 2.249 packages, and
the principal shipments were as follows^: Great Britain. 1,651
packages; Venezuela, 14.5; U. S. of Colombia 119, and Brazil,
109.
The market for brown and bleached cottons ruled quiet,
most of the large jobbers and converters being well stocked
up for the present, but prices remain unchanged. Wide
sheetings were in steady though moderate demand, and cotton
flannels, corset jeans, silesias, dyed cambrics and rolled jaconets continued in light request. Cottonades were distributed
in good-sized parcels, and there was a fair business in camlets,
cheviots and blue and fancy denims; but other colored cottons, as tickings, ducks, plaids, stripes, etc., were moreor less
White goods continued in steady demand, and there
quiet.
was an active movement in such makes as Indi i linens, Vic-
•
© 5 XCD
5 £.-*•
5
ao. • »
•»
5.0.
;
*
» > ^-*•
r?g=,= 2.go
g:
SBfF
•
FitiliAY, I' M
January IH, 1885.
trade lias presented a more at^tive appearance
the past week, owinji; to the arrival of a groat many wholesale
buyers in the market, but the volume of business was hardly
up to expectations. Southern jobbers in p trticular having been
The dry
exceedingly cautious in
-
* * COQO
<? » 0000
a 9 c>^*>
•
^
101
THE DRY GOODS TRADE.
Tlu! followiriK stattmiont, prepared
ties, will
...
.
X •£ ^
Transferable Notices— Saturday.
;:o
Thursday. 320 Friday.
day.
ay. 3
*-
;
:
H-2'>;
Monday, 380; Tuesday,
S' 20;
Wednea
3-20.
—
tox c;i»*fccc*-ocj'tnto
Value.. $
DosiESTic Woolen Goods. The demand for clothing
woolens was mainly restricted to small parcels of fancy cassimeres and worsteds, abd transactions were light in the
aggregate amount, buyers having manifested a degree of
apathy bordering upon timidity. Satinets were in moderate
request and Kentucky jeans and doeskins continued quiet.
Jersey cloths have shown some activity, and pretty fair orders
for these goods were placed by the manufacturing trade.
Woolen fabrics adapted to ladies wear, as tricots, sackings,
plain and plaid suitings, etc., were in very fair demand, and
there was a freer movement in staple and fancy worsted dress
goods. Flannels and blankets were lightly dealt in by package buyers, and the jobbing trade in tOese goods was adversely
aiOFected by the comparative mildness of the weather. Carpets
were in irregular demand, and wool hosiery and knit underwear ruled quiet; but there was a good business in spring
Bushels
Value .$
Foreign Dry Goods. There was a
ment in certain spring and summer
Included in the foregoing totals are the reports from Milwaukee,
Falmouth, Richmond, Willamette and York
town, the details for December, 1884, being as follows
*
New Haven, Portland and
Milwau-
Barlcy—
kee.
Nao Portland <t
Haven. Falnt<nUh.
Rich-
WiUa-
mond.
melle.
York.
Bushels
Vtthie
.
.$
Indiau corn—
Bushels
Value
.
Value
.
15,983
9,000
.$
Indian corn
Barrels
meal1,150
4,000
.$
OatsBushelB
Value.. $
Oatmeal—
Piiunds
hosiery and furnishing goods.
Rye-
—
.
Wheat
Bushels
8,151
6,520
Value.. $
Wlieat floui^
Barrels
Value
.
$
12 months—
1884... «
1883...$
265
1,190
Total values—.
Dec ,'84$
Deo. ,'83$
133,587
633,585
10,018
51,770
536.460
376.706
79,200
78,408
26,838
133,180
26.383
98,146
3,920
18,873
133,180
151,132
474,852
611.430
97.281
26,054
,
5,190
7,100
67,290
505,707
65,915 1,516,728 l,.'i53,247
57,542 636,063 1,270,859
3.725,070 996,HS
3,741,405 896,442
slightly enlarged
move-
fabrics on account of
former transactions, but new business was light and irregular.
Dress goods and silks were mostly quiet, and men's-wear
woolens were slow of sale. White goods and embroideries
were more sought after by jobbers and the manufacturing
trade, and a fair business was done in British and German
hosiery and fabric gloves; but linen goods, handkerchiefs and
laces continued sluggisfi. The auction rooms presented large
offerings of tie silka and China mattings with fairly satis-
factory results.
,
^__
_ ..„r"!
:
:
:
THE CHRONICLE.
102
Importations of Dry Goods.
The importations of dry goods at this port
for the
week
same
facts
ending Jan. 15, 1885, and since January 1, and the
for the corTpanondine neriodH are tut foUowB:
IH PI
Bxports or LeadiofiT Articles of I>ome8tic Produce.
The following table, based upon Custom House returns,
shows the exports from New York of all leading articles of
domestic produce for the week ending with Tuesday last; also
the exports from the 1st of January, 1885, to the same day,
and for the corresponding period in 1884
- 5?
:
E.
p; S
g
:
i
iiif
Week ending
ei
bbls,
bbls.
Beeswax
too
tow
«0J
s
— toto
OOO
8.769
soa.on
2,8a5
1,174
29,362
7,4j5
30..59 4
4,7*
1,639
2,2,30
809
1,953
3,h76
3,284
bbls.
bbls.
bbls,
bbls.
bbls.
107
869
105
76
841
109
934
1,849
8.656
Oilcake
Oils-
cwt.
72,705
119,195
Whale
Sperm
Lard
gals.
gals.
gals.
gals,
gals.
767
94
7o7
17.307
22,348
772
1,349
10,702,871
11,697
S48
13,570,472
9.512
1,610
1,547
7,009
1,967
1,733
254.348
^'''-llO^'f-'
M O CO
CI CJ>
oo
OS
O
32
K o
bush.
bush.
bush.
bush.
bush.
bush.
pkgs.
Com
Candles
Coal
03
CD to
QOOtOtkCO
OCOCCQDCJ
li-(X>
"to'-3~rMb
to cob '-^^i
0- to CI 50 to
O' to >- CO
OIKJOOJO
Mi"
OS
o
b<i
OOCOt-O
eo>
CAotccoto
I
o«»
O*-
tons.
bales.
Domestics
pkgs.
Hay
bales.
bales.
MMCOCob
'
Naval StoresCrude tui'peutine
oca CO CD CD^
IO^OW»--
MX^atO
I
Cotton.
Hops
OS"
h-tOWiikte-
O X CO
tf».^*^
Spiiits turpentine
"^ V, bo h-b
bt
Kosin
QDO-^'lO
O
o o ^ <k
Tar
I
QD0C0D*>.CO
to
cjt
c;t
Pitch
^
cnw
p
Ci
o»ix)-'cnw
toot
o^
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oic
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C)C*:
Linseed
Petroleum
Provisions-
C£Oi-C0**
Q0M;^It0;-O«
VtoV.co'^i
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^
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a
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X-qh-CDr-
Pork
Beef
UtP'tOi^tO
Beef
Cutmeats
Butter
Cheese
•-OtC?»tO0D
"COU'W-'OO"'
to
ccco
«-')-' CI
CO to to <l
(i*-
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The Guarantee
&
Co.
OF NORTH AMERICA.
Casta Capital
Deposit with Insurance Department
PresldBnt
Vice-President
8lH ALEX. T. Galt.
Hon. Jas. Fkbrlkr.
Managing Director: Edward Kawunqs.
416.072
bbls.
516
Tallow
lbs.
Tobacco, leaf
hhds.
Tobacco
bales and cases.
Tobaoco,manufactured. lbs.
50,7,673
582
981,860
NEW YORK
BAGS, "AWNING STRIPES.
Secretary.
Dreiel, a. L
Hopkins. H. Victor Newcomb. John Paton, Danle
Torrance. Kdw. F. Wlnslow. Krastus Wimiin.
Nos. 214
4
218
BUNnNO co.
CASUALTY
panics, InBtilutionsand Commercial UrmH.can obtalD
BONDS OF SURE'rVSUIP
from
this Company at moderate charKes.
The bonds or this Company arc accepted by
New
courts
York.
CASUALTY DEPAR'rmENT.
In stool
48
846 & 348
BROAOWA Y,
NEW YORK.
^
4
WHIT* Stbmt,
NBW YORK.
4B
Before buying your Carp.-I», I.lnolemn, Oil
ClothB OT Mattings, call at KENDALL'S
Carpet Store, 114 Fulton
floor.
St.,
Cheapest pla<« in the city.
tfl call, send for samples.
venient
basement
If
not con-
for Export Traile.
No
Water.
Brush.
THE
New York Moist
Letter Copying Book
MANUFACTURED BY
New York Stationery ic Envelope Co.,
No. 62
JOHN STREET. NEW YORK.
^wMicatious.
[NOW READY.]
HA.IVI>-13001i
&
18
Motley,
CHACWCir Btrmt.
BOBTON.
Railroad Securities
A0INT8 FOB
Ocean Mills Co. Atlantic Cotton Mills,
Peabody Mills, Chlconee Mlg. Co.,
EUerton New Mills. vMtalte rafig. Co..
Saratoga Victory Mfg. Co.,
Hosiery and Yarn MU1>.
AND CAN BB RENTED FOR A
OFFICE
CARPETS.
No
<4c..
37 Thomas Street.
Joy, Lincoln
Safes to rent from $10 to $200 per year,
DAY WEEK OR mONTH.
JDrill; Sheetings,
SELLING AGENTS FOR
Geo, H. GUoert mfg. Co..
Arlington Mills,
Freeman Mfg. Co.,
Ueul're«v Mle. Co., Jamps Phillips, Jr.
Geo. T. Hope.
David Dows.
W. G. Low.
A. S. Bamca.
Charles Dennis,
9-Jii Wmiams,
J.SJ.Stranahan, H. A. JIurlbut, Alex. Mitchell,
A. B. Hull.
J. D. Veraillye, S. B. Chittenden.
Geo. S. Cne.
Wm. M. Richards.
Corner of Leonard Street
Ao.
,
FItcliburg Worsted Co.,
George Wbltney, Continental Mills,
Lincoln Mills.
BOBTON, 31 Bedford Street.
NEW
J ^S * 60 Worth Street, and
ruKK^ag
" YORK
SIAWBATTASI
Safe Depositee Storage Co
PRINTS, DENIMS, TICKS, DUCKS,
Brown Wood & Kingman
Policies issued asralnst accidents causini; death or
totally dlsublintf injuries.
Pull information as U) details, rates, Ac, can be
ohtalned at bead olBoe. or of Company's Auents.
WM. M. UicuAuns, Prost. John m. Chanb, Sec'y.
BOB'T J. HiLiuAS, Ass't Secretary.
DIRECTOUS
Co.,
BROITN & BLEACHED SHIRTINGS
AND SHEETINGS,
Agents
ONiTED States
Fabyan &
t7SE
CO., A full supply, all Widths and Colors, always
No. 109 Dnane Street.
BROADWAY, NEW YOBKSl
Officials of Banks, EailroudH and E.tpreBS Compaaies. MauiiKei-ft.SecreUries.and clerks of Public Com-
of the State of
Also.
©arils.
Towels, ((nllts, AYblte Goods A: Hosleri
kinds of
CANVAS, FELTING DUCK, CAB
COVERING, BAGGING, RAVENS DUCK. SAIL
TWINES, Ac., "ONTARIO" 8BAMLB8S
BROADIVAY.
TOMPKINS,
294,672
4,614
York, Boston, Fbiladelphia,
SELLING AGENTS FOR LEADING BRANDS
COTTON
OFFICE:
3.171
482,233
4,983
®0mmjex:jcial
Bliss,
•^47
l,417.i82
i;466
1,823
.S.810
New
COTTONSAILDUCK
Niw YoHK Directors— Joseph W.
FIDELITY
2,283
1,783
183,569
1>|8
Co.,
And all
8,223. ;n9
1
11,161.8^7
Manufacturers and Dealers Id
1300,000
400,000
214,000
Cash ABsetB
D. J.
19,n66,i'39
6,281,765
BrinckerhofF, Turner
NO OTHER BUSINESS.
1,193
2,416,191
3,933,323
©ommjercial ©avds.
(^ottxp^nUs,
JBonds of Sixvetyslxip.
NO. 178
789
U,943,131
-r
ITitiattJcial
340
1H8
101,278
357,866
WhaJehnnA
I
4,701
1,1S7
.327
1,143,1 9'>
Lard
^o
CO ^. CO
1
193,261
O
Mt0MC?C0
5,292,835
lbs.
lbs.
lbs.
lbs.
1,8.">2
142
62H
44
bbls.
bbls.
tierces.
Rice
"ccci
1,456.375
43,90i
127,453
70.'.,76H
0-.
Qi CD >^
310,476
85
4,842
7,221
Wheat
Eye
Oats
Barley
Peas
;^rf*_wCnO
125,411 253,204
120
17
403.727
2,«29
819
18,525
2,249
^ ^I O CD
bcorfi'ytb
t-MQDOD-vJ
•qtococooi
10
t>2,957
188,820
85
3.590
934.608
29,798
25,038
bbls.
bbls.
bbls.
Coru meal
Mtowcnos
ODCD
34
28
2S
236,105
401
3,387
623.S55
32.420
31,110
40
1,G68
40'.945
M*"
to
MM--
ESTABLISHED
JANUARY,
1885.
DE<iCRIPTION INCOHIE
PRICES; DIVIDEND$>.
;
1856.
Eugrene R. Cole,
;
Successor to sears A COLE,
STATIONER AND PRINTER,
Supplies Banks, Bankers, Stock Brokers and Corporations with complete outats of Account Booki
a nd S tationery.
New concerns organising wlH tosve their orders promptly executed.
fW
Mo.
1
.
last year.
lbs.
Flour, wheat
Flour, rye
?8
to to CO Ci to
lOtO
Same time
1,
1885.
Breadatuffs—
<y»ooo>cD
a>oo>too
SmceJan.
Jan. 13.
Ashes, pots
Ashes, pearls
OD
00
CS
ir
to
to
XL,
rVoL.
Price in Red Leather Covers,
To Subscribers of the
WILLIAM
MriLLIAM STREET,
(HANOVER
.SQUARE.)
79
&
81
B.
-
-
$1 00
Clironicle,
DANA
dc
75
CO.,
WILLIAM STREET, NEWYOKB
Jatoart
IHE CHRONICLE
17, 1888. J
fnsuvnnci.
The United
IN
ATLANTIC
(OKOANIZKI) IN
Mutual Insurance Co.,
NEW YORK, January 24, 188-1.
f h<> Tnistoos. In conformity to the Charter of
the Cmiiimiiy, fiiihuilt the following Statement
of Ita iillnlra on the Slut December, 1883:
Fremluina oa Marine Risks from
im January, 18A3. to 3lBt Decemlwr, 1883
$4,168,953 10
Premiums on Policies not marked
1,539,232 53
off leHaniiary, 1883
Premiums marked
$5,708,186 63
from 1st
January, 1883, to Slat Decemoff
$4,260,428 93
$850,0ff) 76
lias
Stock. City,
BU.SIXKSS.
Paym'ta to Policy. liolUera
for Death Clattiis, Krnlowments. Annuities, Surrenders and Dlvldenda
J173,91i3«8
Insurance Written.
Insurance In force
.
$a'in.ll913
BIX PER CENT INTEREST on the outstanding certilleates of profits will be paid t* the holders thereof, or their legal representatives, on
and after Tuesday, the Fifth of February next.
THE OUTSTANDING CERTIFICATES
of
the issue of 1879 will be redeemed and paid to
the holders thereof, or their legal representatives, on and after Tuesday, the Fifth of Feb
ruary next, from which date all interest thereon
The certiflcatea to be produced at
payment and canceled.
A DrVIDEND OP FORTY PER CENT
is
declared on the net earned premiums of the
Company, for the year ending aist December,
1883, for which certilleates will be issued on
and after Tuesday, the Sixth of May next.
order of the Board,
H. OHAPHIAN,
THE
MUTUAL LIFE
CO.
OF
NEW
YORK.
WINSTON,
Secretary.
Horace Gray,
Edmund W. Corlles,
Adolph Lemoyne,
Robt. B. Mlntum,
James Low,
Charles H. Marshall,
David Lane,
Gordon W. Bumham,
A. A. Raven,
John Elliott,
James G. De Forest,
Sturgls,
.
cniarles P. Burdett,
Charles D. Leverich,
Wmiam Bryce,
William H. Fogg,
Thomas B. Coddington,
Horace K. Thurber,
William Degroot,
John L. Riker,
N. Denton Smith,
George BUss,
William H. Maoy.
JOHN D. JONES, President,
CHARLES DENNIS, Tloe-Pregldent.
W. H. H. HOORE, 2d Vice-President.
A. A.
C.
Buck
ft
Co.,
Cotton Broken
A Co., New Orleans.
Hopkins. Lrcius RoPKiKg smith.
CUAKLES U. MIIXKK.
& Co.,
Hopkins, Dwight
COTTON
COMMISSION MERCHANTS
PBARI. STREET,
NEW YORK.
No. 184
OBOBRS for FUTtTRK CONTKACTS EXJECtTTKD
New York ani> Liverpool.
Robert Tannahill
&
IS
Co.,
Cotton Commission Merchants,
President.
I8SUJES EVERT DESCRIPTION OF
No.
LIFE(& ENDOWMENT POLICIES
ORGANIZED APRIL
Assets,
-
-
$101,148,248 25
BAVEN. 8d Tloe-PreeldeDt.
NE'W YORK.
61 stone Street,
Special attention given to the purchase
Future Contracta.
14. 1842.
&
Farrar
132 PBARI.
and sale of
Jones,
STREET, NEVT YORK.
Liberal advances made on Cotton consignments
Special attention given to orders for contracta for
future delivery of Cotton.
EURE, FARRAR &
CO.,
NORFOLK, VA.
WARREN KWEN.
Direct Line to
France.
GENERAL TRA^\TLANTIC CO.
Between NEW IfORK and HAVRE,
River, foot of Morton St.
Travelers by this line avoid both transit by Knglish
railway and the discomforts of crossing the Channel
in a small boat.
ST. (JKlt.MAlN. Traub
Wed., Jan. 21. s A.M.
UA.N'ADA, de Kersablec
Wed.. ,lun. 28. 3 I'. M.
ST. SIMON, Durand
Wed, Feb. 4, 9A.M.
PuiCK oi' HASSAOE(includlngwine):— To HavreFirst cabin, JlOO and »80i second cabin. $60: ateera^je, 126— IneluclinK wine, bedding and utensils.
Iteturn tickets at very reduced rates. CheckM on JJanque
Transatlantique. Havre and Pari.sin amounts to suit.
Special Train
from Havre
to Paris.
The Compa^^nie Oenerale Transatlantique delivers
at Its office in New York special train tickets from
Havre to Paris. Ita^TKaKC checked thrrmKh to Paris
without examination at Havre, provided pas.sengers
have the same delivered at the Company's dock in
New York. Pier 42 North itivcr, foot of .Morton St.,
at least two hours bef'>re the departure of a steamer.
Aj^ent,
John M. Ewen.
Jr.
Ewen
Brothers,
COTTON BROKERS,
Nob. 31
From Pier (new) 42. North
TRUSTEES.
Wm.
GnBTATUR
II.
Decem-
No. 6 BoTFline Circen.
Benlaniln
Field,
Joslah O. Low,
William E. Dodge,
Royal Phelps,
C. A. Hand.
John D. Hewlett,
William H. Webb,
Smith. Kdwards
»17,ie7,10S00»19.7t)9,8»S4 00
LOUIS DE BEBIAN,
D. Jones,
Charles Dennis,
W. H. H. Moore,
Charlea H. Russell,
IVfeasra.
Liverpool.
Messrs. Samuel
1881
lS8a. INK) & I.H.'+l.
.«»,H«4.211 00 »i),l 1 1, imm 00
lice. «1. '8a. Dec. SI, '84.
Interest due and unpaid on Total Assets,
ber 31, 1884, NONB.
ao«
COKUKSPONDKNTS
*
.
$12,972,312 47
J.
thoNKW YORK PRODUCB KXCHANOlt
the CHiCAOO HOARD OF THADIC.
1884.
1883.
Rates Lower than other Companies.
Bank
J.
COMPABISON OF
425,C00 00
1,588,3»6 79
335,710 6
Amount
By
at
OAFKNBY.
F. S.
1,956,500 00
ceivatile
will cease.
C0FFKI5 KXCIIANOK. and
ORAIIV AlVD I>ROVINIO\')*
All the proata belaiw to the polior-holdera axusIthIj.
All Polldea henceforth laauad are Inoonteetable
for any cause aft^r throe rears.
Death Clulius paid at once aa saon aa satisfactory
proofs are received at the Homo Office.
Absolute security, combined with the lanieat llberalltv, asMUres the popularity and sucoesa of this Co.
All form of Tontine t'ollcles issued.
Uuul> AUKNT.s, desiring to represent theComSany, are Invited to addreas J. 8.
uperlntendent of Aitenolea. at Home OfBcs.
INSURANCE
$8,666,795 00
otherwise
Real Estate and Claims due the
Comiiany, estimated at
,
Premium Notes and Bills Re-
the time of
at the
BCBroKi), Aotnurr.
Bank and
other Stocks
In
COTTON
COFFEE
NBW YORK
attheNRW YORK, MVKRPOOI, AND NEW 0B>
LBAN8 COTTON KXCHA.NtJKS, Also orden for
viz.:
Loans scoured by Stocks and
Cash
8 South IVIIIlam St., New York.
KXBX:;UTH OKDKKS KOIt KtlTURR DKUVitRT
el
$1,901,042 38
the following Assets,
United States and State of New
York
II.
same
Returns of Premiums and Expenses
The Company
T. H. BROSNAN. Preaidant.
Pkalzigh, Seo'jr. A. WntKL WRIGHT, A»»'t Ser.
6«0.
New
ber, 18 S3
LASsea i>aid during the
period
C. P.
York.
Co.,
COMMISSION MERCHANTS
1880.)
& 208 Broadway, New
&
Henry Hentz
States Life
Insurance Co.
THB CITT OF NEW YORK,
2«1, 2«2
Premiums
iS>atXttXL
%'a3!XtX9iViCZ»
OFFICE OF THE
Total Marine
fit
A:
33 Broad Street,
NBW
YORK.
WALTER &KROHN,
COTTON BROKERS,
53
BEAVER STREET, NEIY YORK.
James F. Wenman & Co.,
COTTON BROKERS,
No. 113
PEAP^ STREET,
SatablUhed
(in
N. Y.
Tontine Building) ISM.
BAGGING.
WARREN, JONES & CiRATZ
ST. LOUIS, Mo.
®0tt0tt.
MaBofactaren' Agenta tor the sale of Jnte Bagglns
Alexander
&
Cargill,
COTTON BROKERS,
AIJOVSTA, OEORGIA.
COTTC
SPINNKBS and EXPORTERS.
Kntire attention given to purchase of
TO ORDER
for
CORRKSPONDKSCE SOLICITED.
Kkfsbbncks.— National Bank of Augusta, Ga
Henry Henti k Co., Commission Mercliants, New
York William B. Dana A Co.. Proprietors Com.mrkCLAL A Financial Chbonjcli, andtotber New York
i
Honsea.
Geo. Copeland
&
Co.,
IMPORTERS OF
IRON COTTON TIES.
Bullard
&
Wheeler,
119 RIAIDEN LANE,
NKW
YORK.
BAGGINO AND IRON
TIES,
(FOR BALING COTTON.)
Agents for the following brands of Jute Baggltur.
"Kaglo Mlll8.""Brooklyn Clty,""Georgla,""Caroirna?'
'Nevins. ()," "Union Star," ".Salem,' "Uorioon Mills,"
* Jersey Mills " and " Dover Mills."
IMPORTERS OF IRON
TIES.
COTTON BROKERS,
184 PKARI.
STREBT, NBUT YORK.
F. Hoffmann,
COTTON BROKER AND AGENT
88 RUB UK LA BODBSB, HAVRB.
JOSEPH CI LLOTTS
STEEL PENS
wo
RLD
SoloSy AU. DEALERSTmrouomoutThe
.eOt P MEDAL PARIS EXPOSITION-IB/Bt
,
TM
viii
cflRONlCLE:
INMAN,SWANN&Co
NKnr YORK.
LOANS MADB ON ACCBPTABLE SBCnRlTIB8.
TON
&
Phenix Insurance Co.
OF RROOKEYK,
CHABLB8 MAYHOFF.
STONE STREET, NEW YORK.
4
VON GU]«DEL.i7~& MAVHOFF
COTTON BUYERS.
inEiaPHIS, TKNN.
& Gwynn,
Fielding
Special attention paid to INVESTMENTS and
accounts of COUNTRY BANKERS.
York.
WANTS
von Gundell & Mayhoft,
COTTON BROKERS,
Nos. 2
14
iio.x„.n OFFICES
ni..T^«.ai 13* Church P4treet, N. Y.,
BRANCH
j jjj^g Chapel 81., New Haven
—with interest upon balances.
Mew
fOB FCTCBB DBI-ITKBY OF COTTON.
A. C.
Sons,
BANKERS,
NASSAU STREET, NEW YORK.
Personal attention given at the EXCHANGES to
the purchase and sale of STOCKS and BONDS for
cash or on margin.
DEPOSITS RECBIVED— subject to check at sight
COTTON MERCHANTS,
Cath Adtantts Jfsfrfe on Omitiijnmtnts.
BPKCIAL ATTBNTION TO OHDEKS POB CONTRACTS
GITNBEII,.
Arthur M. Hatch.
W. T. Hatch &
MERCHANTS,
COTTON, ALL OBADBS, SUITABLE TO
OF SPINNERS.
0»»EREI) ON TERMS TO SUIT.
Henry F. Hatch.
Waller I. Hatch.
Nalh'L W. I. Halek.
Stillman,
Poet Building, 16 & 18 Exchange Place
17, 1886.
pCiBjceHatieouB.
iSiatiavL.
(S^otton,
Woodward &
tJANtlARY
WEW
BTEW YORK,
195 Broadway, New York City.
Company \sl Day of Jan.. ISS.'i.
$1,000,000 00
CASH CAPITAL
Office,
G. E. Staenglen,
Slatemenl nf
ORLEANS,
Reserve for unearned premiums
Reserve for unpaid losses
Netsurplus
. .
87
b7
2,;H>0.985
2«7.S'27
640.901 18
AGENT FOB
»4,34a.430 25
STEPHEN
CROW^EIil., President.
WM. R. CROWELL, Vice-President.
PHILANDER SHAW, Secretary.
WM. CHARTERS, Assistant Secretary.
FRANCIS P. BURKE, Seo'y Local Dept.
COTTON COMPANY OF STUTTGART.
•
Authorized Capital, R. M. 20,000,000.
COTTON FACTOR*
HOME
Pald-Up Capital, R. M. 6,000,000.
AND
COMMISSION MERCHANTS, G.
&
Schroeder
Co.,
Company
Insurance
WARE &, SCHROBDEK.
OF NEW^ YORK.
COTTON COMMISSION MERCHANTS,
OFFICE 119 BROADWAY.
POST R1TII.DINO,
13,000.000
CASH CAPITAL
Reserve for Unearned Premiums
16 & 18 Exeliange Place, New York. Reserve for Unpaid Losses and Claims.
i),798
Successors to
16 and 18 Excbange Place,
NEW
Post Buildino,
&
Rountree
YORK.
2,847,ft6.'j
Co.,
4'
COIHIVIISSION mFRCUANTS,
NO. 12 OLD SUP,
NEW YORK,
AND NORFOIiK, VA.
W"
Special attention Riven to the execution of orders for tlie purchase and sale of Cotton, Grain, and
Provisions lor future delivery. Orders also executed
on the
New York Petroleum Exchange and
Board.
Liberal advances
Price,
Stools
&
Reid
Co.,
& Commission Merchairts
Liberal advancea made on Cotton consignments.
Special attention given to the sale of cotton to
arrive or In transit for both foreii^u and domestic
Correspondence
Bloss,
]?ie:r€ha]vts,
comitiii^sioiv
PEARL
&
ST..
NEW YORK.
Orders for future delivery of Cotton executed in
Liverpool also for Grain and ProYork.
New York and
In New
;
EXCHANGE PLACE.
MEMBERS OF TEE COTTON, COFFEE AND
PRODUCE EXOBANOES.
Up-town
Office, No. 204 Chttrch Street,
Ne^r York.
Orders evecuted at the Cotton Exchanges in New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our correspondents in Liverpool, Messrs. B. Newgass k Co.,
k
&
Wakefield,
C O T T O Bf
And Oeneral Commission Merchants,
84 Reaver
St.,
New
&
Henry M. Taber
PEARI.
141
ST.,
COTTOIV.
Advances made on ConslRnments of Cotton. Contractfl for Future Delivery of Cotton bought and
•old on commiB0ion.
&
JOIIK H. C1.ISB¥
CO.,
COTTON BUYERS,
nONTGOlQERT,
123
PEARL
ST.,
186
William H. Beede&Co.,
No.
S
COTTON BROKERS,
and 7 WILLIAin STREET.
BpeclAl attention given to orders for the buviiut
and
aeiiing of
Cotton fob FtrruKg Oblitebt,
Dennis Perkins
&
Orders for Spot Gotten end Fnttirea
weented
New
Co.,
promptlT
losses
1,923,185 98
4,000,000 00
NET SURPLUS
«3,369,467 85
York.
JAS. A.
New
Orleans, La.
St.,
North
&
New
ALEXANDER,
York.
Agent.
British
Mercantile
Ins.
Co.
01
Special Attention Given to the Execution
OF
ORDERS FOB FUTURE CONTRACTS.
John C. Graham
RANKERS
AND
&
LONDON AND EDINBVROEI.
United States Board of Management.
NSW
Co.,
No. 18 William Street, New York.
8BLMA, ALA.; MONTGOMERY, ALA.
Buyers of Cotton for a Commission. Orders for Pu
tnre Contracts executed in New York and Liverpoo
YORK:
Solon Humphbets, Cli'r'n, (E. D. Morf^an & Co.)
David Dows, Esq. (David Dows & Co.)
E. P. Fabbki, Esq. Drexel, Morgan &. Co.)
Hon.
8. B.
Chittenden.
Ezra White, Esq.
J- J.
ASTOK, Esq.
CHAS.
E.
WHITE, SAM. P. BLAC^»E^
MANAGEBS
Office,
64 W^Ullam
St.,
Neiv York.
B.F.BABCOCK&CO.
Receive consignments of Cotton and other Produce
at the Exchanges in Liverpool
Bepresented la Mew York at the office of
G ommercial
end execute orders
SAM'L D. BABCOCK,
82 Nassau Street, New York.
Fellowes & Tileston,
COTTON, STOCKS, RONDS, Ac,
26
COTTON BROKERS,
ISS Bearl Street, New York.
$9,192,643 SO
1884
and re-lnsuranoe fund
Capital
GRAVIERST.,
IT W^ater Street, IiIVERPOOI.,
PCHCBASI ONXT ON OBDERf! FOB A COMHIgSION
1,
for unpaid
Liabilities
Mohr, Hanemann & Co.
COMMISSION MERCHANTS,
AI.A.
OF HARTFORD.
ABsets January
No. 3 Cortlandt
Co., COTTON COMMISSION
MERCHANTS
NEW YORK.
Company
Insurance
H. W. Hankmann.
'Tork.
Liberal advances made on cotton conslffnmenta
SpeolA attention idven to orden for contniotafor
fptnre delivery of cotton.
iETNA
Sons.
Wm. Mohb.
lalonB
Tuttie
CHAS. J. MARTIN, President.
J. H. WASHRCRN, Secretary.
nERCHANTS,
COlTtMISSION
$7,805,0(10 55
Cash Assets, Jan. 1.1885
LEHMAN BRO'S,
Cotton Factors
AND
No. 40
1.141,726
00
oo
61
1,1
Co.,
Montgomery. Ala.
Orleans, La.
and Messrs. L. Rosenheim
solicited.
Gwathmey
No. 123
New
Feroub Refd.
NORFOIiK, VA.
markets.
Netsurplus
Lehman, AsBAHiM k Co., Lehman. Durb k
made on consignments.
Theo. h. price,
lAte of Bure, Farrar k Price.
Cotton Brokers
.
Orders in
WILLIAM STREET. NEW YORK.
"
Futures" executed at N. Y. Cotton Bxch.
Waldron
&
(OF LONDON.)
ALFRED
Tainter,
COTTON MERCIIANTS,
9T PBABI.
LJnion Ins. Uo,
STREET.
PELL,
Resident ^anagtr.
Cor, Pine
& William Sts
@FedFRASER