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ANI
HUNT'S MERCHANTS' MAGAZINE,
SKPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATE!'
VOK
NEW
42.
YORK, JANUARY
23,
AMERICAN
John Howabd Latham. Fbidsrick W. Pikbt
78 TO 86 TRINITY PLACE,
NEW YORK.
Buftlnean Founded 1795*
iMorporaled uoder L*wi of St»le of K«w Tork^ 1969.
J.
DIAMONDS
Bank Note Company,
&
Alfred H. Smith
Co.,
IMPORTERS,
A<?M In the fluent
t4iv«lal
la
and
Inoiit artlstio
Btjle
M'fg Co.,
SIETERSMITHS,
utr
lit
BROADWAY AND NINETEENTH
tb« Conipmn}'.
SAFETY PAPEKS.
SAFETY COLORS.
AND
Work Ficeutcd
In Fireproof Bundlnsn,
UTHOORAPHIC AND TYPB PRINVHQ.
KAILWAY TICKETS OF IMPROVED STTI-ES.
Show Cardii, Lubetit, Calendars.
BLANK BOOKS OF EVERY DESCRIPTION.
ALBERT G. GOOOALL. President
VICE-PRESIDENTS
J. MACDONOUGH,
A. D. SHEPARD,
W. M. SMILUE.
TOURO ROBERTSON.
Treai.
THEO.
Asa
p.
Potter,
Pre»'t.
H.
J.
FREELANO.
Maverick National Bank,
SUHPLUS,
&
Robison,
BANKERS AND BROKERS,
Ho. 2 Exchange Court, New York.
Bonds and U. 8. Sovemment Securities
Stoclu,
BouKht and Sold on Commission.
C. FLOYD-JONrjl,
WILEIAM ROBISOX
Members New V'ork Stock Exchange.
Andrews, Adams
78
'TINKER
A.
WESTON,
BANKERS AND BROKERS,
,
erick National, Boston.
L.
3
BsmT C.
EXCHANGE COVRT,
New
W,
and Philadelphia Stock Bxohanges.
H. Taylor
&
Co.,
Cor. Third
T. Stock Ittch.
STOCK BROKER.
Lansdale Boardman,
HEW YORK, 80 BROADWAY & 6 NEW ST.
N. Y., No. 17 FIRST STREET.
Stock Bzch'ie membershlpi private wir«|
all
faculties
&
S. Ives
P. O.
Co.,
WlOOi, A.
BBOWH,
Ooreniment, State, County, City and Railroad
bonds constantly on band for sale or exchange, and
particular attention given to the subject of inrest
ments for
BBOWV.
BROAD STREET, NEW YORK.
James W. Walsh, Jr.,
Nicoll FLorn, Jb.
Member N. T. Stock Bzctaange.
P.
Bros.
BANKERS,
& Co.,
SVPERIOR STREET,
CLEVELAND, OHIO.
Transact a eeneral banking business, and
IN
TOWN, COUNTY AND CITY BONDS.
DBAL
Lists
and prices furnished on application. Write us If you
wish to buy or sell. Refer, by permission, to Society
for Savings, Savings X Trust Co. and National Banka
of Cleveland, Ohio.
N. W. Harris
&
Co.,
INVESTMENT BANKERS,
115
tc
IIT Monroe
St., (Jfontank Block)
CHICAGO, ILL.
Walsh & Floyd,
STOCK BROKERS,
J.
and trust funds.
Adjoining First National Bank Bnllding,
NO. 30 NASSAU STREET,
NEW YORK.
Wintringham,
36 Pin© Street,
institutions
No. 137
BANKERS,
No. 26
NEIV YORK*
1.423.
Receive deposits subject to check at sight and
allow interest on dally balances.
Lamprecht
Investment Securities.
Private wire to New Vork.Baltlmore and other places
P.
ST.,
BOX
Transact a general banking business, Inelndlngth*
purchase and sale of securities Usted at the New
York Stock Kzchange, or in the open market.
PHILADBIiPHIA.
WALSTON H. BBOWN.
HXRBSBT
NASSAU
and Ohestnut 8U.,
Deposits received subject to oheck at slKht, and
Interest allowed on daily balances.
Stocks, Bonds, <lc.. buUKbt and sold on oommlsslon
In Philadelphia and other dtles
Particular attention Kl^en to information regarding
York,
Tr»KKn. Member N.
KufancLAEB Webto.v.
TBOY,
Y.
BANKBR8
8.
BANKERS AND BROKEKS,
80 Broadwar, New York.
llMnkersNew York Stock Excbanse.
No
;
*
Correspondence Solicited
,
|:
Refer to—
Merchants' National Bank and Bank of North America, New York
Merchants' National. ChicaKo; Mav-
& Kelloffg, Walston H. Brown & Bros
Bull of Kzchanite and Cable Transfers on the Union
Bank of I^ndon.
BBT and Sell Stocks and Bonds for Inrestment or
on Margin.
I
others solicited.
any part of the country
Accounts of Banks. Merchants and
In
400,000
Floyd-Jones
W«.
COLLECTIONS made
--•.•.
•••..... 9400,000
Accounts of Banks and Bankers solicited.
Collections made upon favorable terms.
OoTernment Bonds bought and sold
No. 25
Bros.
Co.,
B AN KBRS,
miliWAUKEE, \ris.
Members N.
BOSTON.
OAPITAli,
on Margin.
Henry
&
Houghton
at lowest rates.
Secty.
W. Wobk. Caahler'
STREET.
BANKERS,
:
STAYNER,
NEW
Stocks and Bonds Bought for Cash 9
ST.
UATDEN LANE.
9
& Milliken,
AND BROKERS,
No. 43
GORHAM
PRFVENT COraTIiUFElTlSO.
pap^n. manufactun-il eKcIuBlveljr for
Fanshawe
BANKERIS
FUOM STEEL PLATES,
BPniAL SAtCca AKDS
Columbl*
Bonds and ForelKn Bzchan^e.
Correspondence Solicited.
Foreign Governments.
a. H.
City, County, State, Railroad, District of
182 Broadwaj', Cor. John Street
ENGRAVING AND PRINTING,
BANK NOTES »IUAKE CEKTIFICATE8, BONDS
FOB COVEH>MF,\T8 AND COKI'ORATIONS,
DRAFTS, CHECKS, BILLS OF EXCHANGE,
Co.,
STREET, NEUT YORK.
No. 3 ITAI.!.
Rcorffanlxcd 1479.
BONDS, POSTAGE & REVENUE STAMPS,
LEGAL TENDER AND NATIONAL BANK
NOTES of the UNITED STATES; and for
&
H. Latham
UNITED BAIfK BUILDINa,
Encraveks and Printers op
Wllk
1,074.
^itiattcial.
^ittaticial.
^itiattcial.
STAMP'S
NO.
1886,
New
- - - (Telephone— 288 John.)
York.
GAS, INSURAIVOK, BANK, CITY RR.
TRUST CO. aud FERKY STOCKS.
A weekljr ]i»t nf lots of these securities offering on
the market pnbltnhed Mondays with prices.
Copies on application.
Orders solicited to bur or sell on the Bxchangee, or
at the weekly Auction Sales.
City and County Bonds, and Investment Seoarltlei
of a high grade a specialty.
Correspondence
W.
T.
solicited.
Blackwill,
Pres't.
P. A.
WU-sr, Cashier
The Bank of Durham,
DVRHAm,
N.
C,
to Collections.
FIRST-CLASS FAClLITiKS.
New York Correspondents.— The National Park Bank
Paj Special Attention
and Seventh Ward National Bank.
W. H. Goadby &
Co.,
BANKERS AND BBOKEBS,
He. 34
BROAD STREET,
R.W York.
I
^oretfltt ^-echatifle.
&
Morgan
Drexel,
HE CHKU JNIULE
H^wrjeifltt gxcltatioje.
Cor. of 5th & Chestnut Sta. SI Boalerard Iluussmann,
PBILADEIiPHIA
PARIS.
DOilESTIO AND FOREION BANKERS.
Securities
Deposits received subject to Draft.
bouKbt and sold on conimi.ssion. Interest Hlmwed on
Deposits. Foreign Exchange. Commercial Credits.
Circular Letters for Travelers,
Cable Transfers.
available in alt parts of the world.
ArrORNKYS AND AGENTS OF
BANKERS,
& 21 Nassan
Noa. 19
ISSUE TRAVELERS' CREDITS,
&
Phlla.
Co.,
Vienna.
AND THEIR CORRESPONDENTS.
Draw Bills of ExcbanKe on, and make Cable TransEngland,
Bny and
Exchange
ON GREAT BRITAIN AND IRELAND, FRANCE
GERMANY, BELGIUM, HOLLAND, SWITZERLAND, NORWAY, DENMARK,
SWEDEN AND AUSTRALIA.
lasne Commerctal 6c Travelers' Credits
Sell Bills of
.nake Xeleg:rap1iic Transfers of Money
Between tikis Country and Europe.
MAKEt OI-L.ECTIONS OF DKAFTiS drawn
abroad on
points in United States and Canada,
in the United States on
foreign c*)untrie8
and their London house. Messrs. BROWN. SHIPLEY
& CO., receive accounts of American banks, firms
and Individuals, upon favorable terms.
all
and of drafts drawn
&
J
Stuart
J.
fiewr
SBLIG.V1AN
ALSBERG
&
Co.,
&.
t-TEi'THElMKR,
I'rankfurt.
Gt)Ll)UEliG, Amsterdam.
Berlin,
Payable in any part of Europe, Asia, Africa, Australia and America.
Draw Bills of Exchange and make Telegraphic
Transfers of Money on Europe and California.
sold.
Stocks and Bonds bought and sold on Commission,
Orders received in Mining Stocks, and in Unlisted
Securities. Collections
Frank
SCOTLAND.
&
WALCOTT,
F.
Waahliurton,D.C.
H. B. UULLINS. F. A. YZNAGA.
Branch
York.
Kennedy Tod.
J.
Member
No.
63
Bills
OITer
Investment Securities.
Buy and sell bonds, stocks and securities in all American, Canadian, British and Dutch miirkets on commission. Collect dividends, coupons and foreign and
inland Drafts.
of the
MELVILLE, EVANS
Canadian Bank of Commerce.
Capital,
3.
»6,ooo,ooo.
Subphtb,
»2.ioo,ooo
GOADBY & B. E. TVALKEB,
JOI'.T AGENTS,
EXCHANGE PLACE, NEIT YORK
H.
1«
BUY AND Sra-LSTKRLT^NG EXCHANGE, CABLE
IgaUK COMMBHCIAL CREDITS AVAITAnTv
'^^
IN ALL PARTS 'l'' l"lB WORIJ).
&
11«TT1N«IJEII
&
CO.,
, nvnnv
'JLONDON.
CO.,
dk^ SON,
NAKClIAItn, KIlAl'SS
1
t
& CO.,in.nTsi
'jPAKIS.
Kidder, Peabody
& Co
,
FOREIGN BANKERS,
Street, New York,
Nassau
113 Devonshire Street, Boston.
ATTORNEYS AND AGENTS OF
Transfers and Bills of Exchange on
Great Britain and the Continent.
KOCNTZE BKOTIIERS,
BANKERS,
120 Broadway, Equitable
Bulliltng,
New York
LETTERS OF CREDIT AND
CIRCITLAR NOTfeS
Issued for the use of travelers in all parts of the
world. Bills drawn on the Union Bank of London,
lelegraphlc transfers m;ide to London and to various
places In the United States. Deposits received subject to check at sight and Interest allowed on balances. Government and other bonds and investment
aeourltles bought and solo on cononission.
&
Hamilton
No. 35
Co.,
Bishop,
BANKERS AND BROKRRS,
PINE STREET.
NEW
YORK.
(Members New York Stock Bxch»nKe.)
Accounts of Banks, Bankers and others received.
Interest all<jwed on balances. A strictly C<.imml8Sloii
Business in the purchase and sale of stocks and bonds.
Private Telegraph Wire tu Albany, Troy, Syracuse,
Rochester, Utica, Buffalo. Cleveland and Chlcngo.
Draw on City Bank of London in amounts to sulU
Special attention given to Securities for Investment.
Fred. H. Smith,
BANKER & BROKER.
No. 20 BROAD ST., NEDT YORK.
Twenty
years" experience in Riiilnad Bonds.
ties desiring to
buy or
I'»ir-
Uncurreut Bonds
sell
*ili
please communicate.
Stocks bought in Fractional Lots or otberwiso,
either fur Cash or <'U Margin.
F. U. SMITH. I Members Consolidated Stock and
W. Smith, i
Petroleum Exchange. New York.
Simon Borg
No. 17
circular Credits for Travelers.
Caiii.e
&
A. Kohn
ForelKn KxcbanKe, Bonds, Stocks and Miscellaneous Securities bought and sold on commission.
Julius A. Kohn, David Ochs. Muuitz Ochh,
Memb. N. Y. Stock Kxch.
Memb. N. Y. Stock Ki
8.
BARING BROS. & CO., London
comhiercial credits,
Messrs.
York Stock E.xchanKe.
OIAI.KU8 IN FOKEION EXCHANGE, GOVERNMENT
AND OTHER iNVEaTME.ST BONDS.
LOANS A SPECIALTY.
r- Wall St. and
64 m?'^.H"l;"*"
62 Greene St.,
Buy and sell on commi».fion, lor investmentN. Y.
or on
marijln, all secarities dealt In at the New York
Stock
SxcbanKe.
of Exchange on
C. J. HAIMIlR*)
Commerci»l and Travelers' Credits.
of Exchange.
Cable Transfers.
Unger & Co.,
BANKERS AND BROKERS,
Members
Now
Co.,
WILLIAM STREET,
BANKERS.
Ruckgaber,
Chas.
&
BROADWAY.
BANKERS AND BROKERS,
19 Broad St.^N. Y., imUsBuildlus,
Transact a General Banking* Uusiness.
Act as Agents for Bauks, Bankers and Railroad
Companies.
Issue commercial credits, also foreign and domestic
travelers' letters of credit in pounds sterling & dollars.
BANKERS,
IVILLIAM STREET, NEW YORK
UaniburK,
Bleasrs. marcnard, Krauss A: Co., Paris
Co.,
Office.
J.
N. Y. Stock Kxch'ge
Kennedy Tod
Sell Bills
COURESPONDENTS OP THE
&
5 Vanderbllt Ave., connected by
private wire.
Connected by private wire with E. W. Clark & Co.,
and mil & Kennedy, Philadelphia.
&c., &c.
Alexander Bakino.
H. O. NoRTHCOTE.
Co.,
International Bank or London
(Limited), London.
Rfeaara. Jobu Bercnbersj, Uossler Jt Co
FRANK C. HOIiLniB
B. Hollins
74
24 Excbanse Place,
ON MEXICO, CUBA,
J.
29
Whitely,
N£W
Bu7 and sell on comwlsBlon all classes of Railroad
8ecurltlea;also Grain and ProTlslons.
Private TeleKraph wires to Philadelphia, WUmlnKton, Baltimure, WashtnRton, BrIdKeport, New Havea,
BOBtOD and P ttsburg.
telegraphic transfers of money
&
&
Prince
No. 64 BROADW^AV,
YORK.
BRAvnr OFrrrKsJ ^^ V\tth Ave., New York.
BRANCH "l^"CB8J53gj5^jjat.,
Members New York Stock Exchange.
&
22
ALSO,
Schulz
cbcokb oaklit,
Matnard C. Btrs.
HiNKT H. Dodos, Washington, D. C.
Wm. R. Travbks, Special Partner.
COMMISSION MERCHANTS,
EDINBURGH AND BRANCHES;
Made by Cable.
Paris House— laviNROE & CO.
h.
BANKERS AND BROKERS,
CABLE TRANSFERS AND LETTERS OF CREDIT.
Credits Opened and 1"a vments
stock Exchange.
i
JAUKS Whitelt,
H.
NATIONAL BANK OF SCOTI.4ND,
Exchange on Loudon, Paris, Berlin
and Zurlcli.
Members of the New York
(
Dickinson,
AND
New
Uuaranty or Re-payment,
loans negotiated.
i
Co.,
bills of exchange, letters of credit,
Issue Circular Letters of Credit for Trave *rH' Use
A broad aKainat Cash or Satisfactorj
made and
Office, 320 Broadway,
Connected by Private Wire.
DRAW ON
ULSTER BANKINO COmPANV,
No. 32 Nassau Street, Nen^ Yoik.
No. 4 Post Office Square, Boston.
Co.,
BANKERS AND BROKERS,
No. 24 Pine Street, New York.
Transact a General Banking Buslnegg.
Jos. C.
THE UNION BANK OF LONDON
BRITISH LINEN CO. BANK, LONDON AND
MANCHESTER, PAYABLE IN LONDON;
&
&
C. Walcott
J.
We
Accounts and Agency of Banks, Corporations,
firms and ii.dividuais received upon favorable terms.
Dividends and interest collected and remitted.
Act as agents for curporations in paying coupons
and dividends; also as transfer agents.
Bonds, stocks and securities bought and sold on
eommisnion, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
BANKERS, LONDON
John Munroe
Son, London.
Brancli
New York.
52 William Street,
BANKERS
BELFAST, IRELAND;
AND ON THE
Hambro &
Deposits received subject to Draft.
Interest allowed. Investment securities a specialty.
issue a Financial Report weekly.
John Paton & Co.,
SUCCESSORS TO
JESUP, PATON & CO.,
Maitland, Phelps
EXCHANGE ON
SiaiTH, PAYNE & SMITH'S,
"LIMITED,"
ALL PARTS OF THE WORLD, ON
Messrs. C. J.
Dividends and interest collected.
BILLS OF
nANCHESTER & COI7NTT BANK,
ISSUE COMMERCIAL CREDITS, AVAILABLE
York.
ALTMAN & STETTHIEMER,
street.
83 'NASS.»U
BRS' CREDITS.
IN
Issue Letters of Credit for Trayelers,
On SELIGMAN BROTHERS, London.
SEUGMAN FREHES & CIE, Paris
IN STEBLIXG,
Available tn any part of the world, In Francs for
ase in Martinique undGuadaloupe, and in dollars for
Qse in this and adjacent countries.
BUY AND DRAW BILLS OF EXCHANGE,
MAKE CABLE TRANSFERS, ISSUE TBAVEU
BANKERS,
BROAD STREET
No. 23
Boston.
BALTIMORE.
and Germany.
l?'rance
& W. Seligman & Co.,
J.
AND
AI«BXANB£:R BHOIFN & SONS
FOREION BANKERS.
,
S. Bl. deKothscliild, Esq.,
Excbange Place,
Cor.
Co;,
STREET,
NEW YORK.
29 W^ILLIAin
fort o\iii
fers to,
&
Ickelheimer
Street.
available In ail
parts of the World, tbrouKh
meamn. J. S. nORGAN & CO.,
OLD BROAD STREET, LONDON.
Brothers
NEW TORK.
Co., Heidelbach,
Messrs. N.^l* RotliHchild &: 8ons, Ijondon.
de Rotlischild Bro»y. °FariH.
Sons, FrankA, de RolbHchild i& ""
No. 22
Brown
&
Co., August Belmont
WAiL STREET, CORNER OF BROAD,
NETT YORK.
Drexel, Harjes & Co
Drexel & Co.,
[Vol. XLII.
NASSAU
DEALERS
IN
ST.,
&
Co.,
NE\r TORS.
ALL KINDS OF
Railroad and Inrestmeiit Securities.
Southern Seccbitiks a Spkcultv.
Rolston & Bass,
BROAD STREET, NEW YORK.
STOCKS, BONDS
AND niISCEI.I.ANEOIJS SKCUBITIBS
No. 20
Correspondence Solicited.
(Quotations cheerfully fomlahed
Wm. H. Rolston.
Member N.
.Memb, -r
W. alkx. Bass,
Y. stock Bxch'ge.
Chicago Stock Exon'Me.
Jr.
<
'
Jakuary
33
1
^ntiktvs nuA
Geo. K.
Holt,
HANKKRS.
No. 3
WALL
S^nUers and
'§xo\iisvB.
&
Taintor
YORK.
KTIIRKT, NK1V
u (iK.NKElAL RANKINO btlnlnesa.
liBl>OSITii reculvud and LNTlCltlSbT alloned on
twliiiioeii.
and
tiOVKRNMBNT, MUNICIPAI. and
sell
KAIl.UOAU
SrourlUe).
I'rIVHte tek'Kraph wires to rrovldeace and Boston.
<;.
TAINTOK.
tS.
QBO. U. HOLT.
Clark Dkwino.
iiiKAM Dbwixo.
(Member of New
Ytirlt
Bontkcoit
F. T.
Stock KxebiuiKe.)
&
H. Dewing
Son,
No. 18 Wall street,
boiiictil
and
.sold.
WM. V. CAKulTiiJr
CBAKLIC8
MeuberN. V. Stock BxcbanKe*
&
Carolin
Bankers
^
F,
fluy liiid noil on C'ommlKilon. for cash or on mariiln,
securities dealt In at the New York HUxik Kxchiuiuv.
Interest alloweil on diillv balances.
All deposits subJiTi to I lieck at slrtt.
^^^
&
WOOI» A DAVIS.
Execute ordcisiii all securities listed at the Now
York Stock Kxchuiiiic. For Sale
FipT-Ci.Ass Kaii.hoadKikstMoktoaoic Bonds.
OKOHOKC. WOOIJ. C. U. HUESTIS. L. M. SWAN.
LONDON, Slst December, 1886.
TVTE BEG TO GIVE NOTICE THAT OUR
"
Arm of
BLAKE BROTHERS
«4 Broadwajr
& 19 New
has this day terminated by edluxlon of time. Mr.
EMIL UElNK.MANNand Mr. F. B. BLAKU alone
are authorized to sign the firm's name In liquidation
and to settle all outstanding business.
KMIL IIKINEMANN,
BLAKE,
F. B.
LONDON,
A.VD
Dealer in Miscellaneong Securities,
MILLS BJILDING (3d Floor,)
Booms 25 4 88.
35 WALL STREET.
STATK ANDCITV nONDSOFOKOKGIA, ALSO
SECUIIITIKS OK rill.; CKNTRAL UK. & BAftKING CO. OK GKOKtilA A gPKCIALTY.
Co.,
BANKERS,
No. 62
CEDAR STUBET.
lft85, announcing the termination of
that Arm by effluxion of time, we beg to notify you
that we have formed a copartnership to carry on
a general Banking business under the style of
HEINEmANN
J.
C.
With Private Wires
to
WALL
Co.,
16
<St
In
the N.Y. Stock Eichanite.
NEW YORK.
ST.,
EONOON.
Solicit accounts and agencies of Banks, Railway!
Corporations, Firms and Individuals upon
favorable terms; also orders for the purchase and sale of Bonds, Shares, Ac, Ac. on
the Stock Exchange.
Interest allowed on Deposits, subject to eO-daya
demand
drafts.
STOCK BROKERS,
ISW^ALL STREET,
Newr York.
Buy and
InTeBtment Securities.
BOX 2,847.
Sell
A
18 Broad Street,
THE
Wavlani) Trask. H.
W. C. HILL.
J.
Mouse.
Asiel
Co.,
BANKERS AND BROKERS,
No.
EXCHANGE
B.ASIEL
,
I
I
Co*t
cor. Exchnngc Place. N. Y,
OIUcc, .J4I l,n .Snile St., Chicago,
BANKLNii BUSI.VKSS,
nS^ mHv«A,?.'S.'<?."AI'
i™Sl;li'"'^" ""'' PLilW IIASK
AND SALK
|^'iiVn^,?^'?j^^,-;s^;^ji,sv
•
-^^^
'^'*'»«"'«
,
>
I
SiS-Ec'^^S't^iSic/k^s^i.^^'i'T""
p. O. Box 447.
_ .
D. A. „
BOODY.
C. W. MCLBLLAN.
B«ITBE.>»
LELAXD.
BANKERS,
corner Broadnray.
STOCKS, BONDS t OOMMEKOUL PAPER.
Street,
"i?'^'"
"'"' ".""
Y.
Stock Exchange.
&
Co.,
CALDWEEE, WASHBVRIV
TOWKSEKD,
BANKERS AND BROKERS.
No.
3
°" commission
LONDON, ENGLAND.
Capital Paid Up, £971,360 SterUne
to
Loans of approved Railways, negotiates and
issues
Loans on the London Market, acts as Agent for
WALL STREET.
Transact a Kcnenil Ranking Business, Including the
Purchase and Sale of all S' caritles dealt In at the
New York Mock Kxclmnge
OODOLASS GRIEN.
A. K. BATEMAH
M«mb.N. y. Cotton Exch. Memb.N.Y. Stock Kioi
W. W. DUDLEY.
CREE.'V
&
BATEfflAlW,
BANKKRS AND BROKERS,
STOCKS, OOTTON. GHAIN, KOREION
Corner Wall and
New
Railways and other Corporations, either In the matter of
payments of Interest on Loans, Dividends on
or Registration of Stooks In London, or otherwise.
Cable Addresa-PATT, Lo>n>ON.
A.
Interest allowed *m deposits subject to sight draft
C. B. Caldwill.
La vsisq C. Washbur.v
Chas. .1. ToWNHKNn. Member N. Y. Stock Exchange
UNITED BANK BUILDING,
Wall
at^w'Yo"rk ^^?fi
aN.
BANKERS AND CO.MMISSION MERCHANTB
2 Exchange Court, New York.
Of'
BANK BUILDINGS
PLACE.
Frank E.N HKuiisB, M.Sehomann
R. T. Wilson
8 Breadway,
Branch
'
L.8.
Members
^
(LIMITED).
No. 4
This Company undertakes the business of Trustee
&
51
l3ooJt|«
al-
lowed thereon. Stochs, bonds, Rraln, prnvistons and
petroleum bought and sold on commission for cash
or on marKin. Direct teleKraphio oommunication
with the Chtca«o Board of Trade.
P. O.
BANKERS,
Railway Share Trust Co.
New York.
<Next door U) the Stock Excharee.)
Members of the N. Y. Stock and Produce Exch'nirea,
Deposits received, subject to check, interest
Transact a General Banking Business, IncludlnK
the purchase and sale of STOCKS and BONUS for
cash or un marKtn.
A. M. KiDDEB.
.
Thompson & Richard
BANKERS,
1«
of England rate, and
rate subject to
one-percent below that
Chew,
Bonds and D
Qovarnment SeourltlM
Bought and Sold on CommlssloQ.
JA8. D. SIMONS,
BITIRLT CHIW,
Member N. Y. Stock Exchange,
Member N. Y. Produce RxchangA.
o,
Bank
sight drafts, at
2 Ezcbange Courts 52 Broad-wayjN.Yy
N
Co.,
Negotiate Railway, State and City Loans.
&
Stocks,
E. C.
02 Gresliam House, E. C,
Lodnsbkbt.
Turner,
BROAD
18
Simons
NKW YOKK.
<^ Co.
BANKERS,
&
Heinemann
Transacts a general Ranking business. Including the
purchase and sale of stocks and bonda for cash or on
margin.
Intermediate Points.
ST.,
B.
BANKER AND BROKER,
CHICAGO, BALTl.MORK,
PUlLAUKLPUlAand
No. IT
Alfked
J.
Membership
(15 Years'
BANKERS AND BROKERS.
Kimball.
CO.,
Co.,
We have published a new pocket edition of our
annual "List of titotks ajid Bonds at the New York
Stock ExchaUKe." Sent free on application. Both of
our Arm are MEMBE118 of the N.Y. Stock ExcuA.NOE.
In addition to a General Banking Business, Buy
Sell Government Bonds and Investment Securi-
Do a atrictlir Commlsiilon Bniilneiis In
STOCKS, BONDS and UKAIIV,
Sc
GRESUAM HOUSE,
EMIL HEINEMANN.
WALTER DABNEY HEINEMANN.
BANKERa AND BROKERS,
& 18 Broad Street, New York.
t ies.
&
at 82
No«. 16
BOBHBT
January, 1888.
dated 3Ist Dec.
(Established In 1885.)
and
John H. Davis
&
Kimball
Ist
TJEFEBRINO TO TIIR CIRCULAR OF .MESSRS
"' BLAKE BR0TIII:RS & CO.,
to all orders.
J.
CO.,
Of Boston and New York.
Dutenhofer,
BROKER
New Torh
&
Giiman, Son
.
St.,
CO.,
dc
BLAKE BROTHERS A
A
R.
)
t^aveign Daukers.
Investors wishiiiK t<p buy or sell are Invited to call
or correspond. Prompt and personal attention given
Stewart Brown's Sons,
stock brokers,
WALL ST.,)
62 ORESIIAAn IIOI7SE, E. C.
TO
.Sfcci:.SSORS
1 1
heretofore carried on by us at
NEW YORK,
STRICIIT.
No.
Bull(lln(f.)
York.
PIUVATB WIRE TO BOSTON.
Co..
BANKERS AND BROKERS.
Cox,
No. 08
Depf>8lLa received dubjeoi to check at alKht, anj
iBtereat allowed on daily balances. All Stocks and
BeouriMe« dealt in at the New York Stock Exchanxe
bouitht and sold on Commission, for Cash or upon
Margin*
ders by mall or telearam.
Wood, Huestis
PINE
Co.,
^•w
all
CoX
Comnilasloii Stock Brokers
BKOAUWAV, NKW YOKK.
(Mortimer
FIRST-CLASi^ IirVESTIflElVTS.
t
&
BAKKER8 AND BKOKER8,
IIKAI.KUS IN
Now York.
HtockH Atid Hond.H BdU^fht aiut Sold on Cnmmission
Acc.nimsrtH-eiVLidaiul Interest allowed on bulunces
which may be checked fur ut siKht.
Ictwa l-oaii A Trust Co. 6 per cent Debentures
Howard Lapsley
Vi.rk.
31
brokers.
ba:vi4er«$ a!^i>
gatttievg attd ^voUcvs,
Sons,
Sistare's
Particular atccnti..ri
O. D. I.'UD1LIRII.
IBrokerB.
16 dc 18 llrond Street, New Y<.pk,
121 South -riilrd Street, Phlladolphla.
Conneeted bjr I'riviile WIro witli nialn (ifflco. Now
TKANSACr
Ilujr
(JHRONICLE
I'HK
886. J
BXCHANOE,
Streets.
Private Wires to Washington, D. C„ Baltimore. Boaton, Philadelphia and Clfiloago.
T
HB
A.nglo-Californian
Bank
(LIMITED).
LONDON,
Head
OtHoe, 3 Anj^l Oonn.
SAN FRANCISCO OtUoe,422CaUromla St.
NEW^ YORK Af^nts, J, A W. Sellfcman A Co.
BOSTON
Correspond'ts, Massaohosetts N.
lottaorlzed Capital,
Paid-up Capital, -
Reserve Fund,
-
•
Bk
96.000.000
• 1,500,000
- 400,000
-
-
Trmnsaota general banking boslneas. Issne Commercial credits and Bills of Exchange, available In all
parts of the world. Collections and orders for Bonds
Stooks, eta., executed upon the mostfavorable terms
FRBD'lTP. LOW,
("»''*«•'••
IGNATZ 8TKINHABT, Iw . __
P.N. LILISNTHAL, Cashier.
THE OHKONICLE.
ir
XUL
[Vou
ClPanadtan ^Ruktxs,
Merchants' Bank
De Twentsche
^anthttn gawfeers.
MERCHANTS' NATIONAL BANK,
OF CANADA.
Bankvereeniging,
$6,725,000 Paid Up.
$1,376,000
President, ANDREW ALLAN, Esu.
VIoe-President, ROBERT ANDERSON, Esq.
Capital,
W, BLIJDENSTEIN & CO.,
AMSTEKDAin, • • • - HOLLAND.
B.
BSTABLISHKD
•
•
Reserve,
HEAD OFFICE, mONTREAL.
1861.
GEORGE HAODE,
Capital fnlly paid up.7,203.026 Onllders ($2.881,$70-)
lleBerre Fund
91S.09a.62X "
<»365.237-)
General Manager.
J.M.PI1I/MMSR. Assistant General Manager
BANKERS:
LO>n)ON,KNG.-The Clydesdale Bank
(Limited.)
fork, N.B.A.
NEW YORK—The Bank of New
HEAD
OFFICE, AnSTERDAIH.
The New York Agency buys and sells Sterling Exchange, Cable Transfers, issues credits available in
BRAyOBBS:
all parts of the world, makes collections in Canada
and elsewhere, and issues drafts payable at any of
London-B. W. BLIJDENSTEIN & CO.,
the offices of the bank io Canada. Every description
No. 55 & b6 Tbreadneedle St., £. C of foreign banking business undertat<en.
Rotterdam—De WissEL-en-EFFECTSKBANK. New York Agency, No. 61 Wall Street.
HENRY HAODE,
..„„,,
Agents,
Enscbede-B. W. BLIJDENSTEIN, JB.
)
JOHN
Almeloo-LGDEBOER
KNAUTH, NACHOD & KUHNE
Bank of Montreal.
OAPITAI.,
-
-
SURPLUS,
-
-
BMXTHEB8,
0. F.
Bills neKOtiated or sent for collection.
Telegraphic transfers made.
DepOHits received in London at Interest for fixed
periods, or for transfer to the colonies on terms
which may be ascertained on application.
PKIDKAUX 8KLBY.
Hong Kong &
Secretary.
Shanghai
Any and
Paid-up Capital
$7,500,000
Reserve Fund
4,400,000
Reserve for Equalization of Dividends...
400,(>00
Reserve Liability of Proprietors
7,500.000
The Corporation grant Drafts, issue Letters of
Credit for use of Travelers, and neeotiate or collect
Bills payable at Bombay, Calcutta, Singapore. Saigon.
Manila. IIuuk Kong. Foochow, Amoy, Niugpo,
ShanKhai, Hankow, Yokohama. Utogo, San Francisco
and London.
TOWNHBND^
Asent. 47 Wllliaoi 8i.
&
L. de Steiger
Co.,
BANKERS.
GERMANY.
©attadiau Sawfejers.
Imperial Bank of Canada.
-
HOWLAND, Prea't.
-
D. R.
•
91,500,000
9480,000
HEAD OFFICE, TORONTO.
BRAKOHRS:
Brandon, Man., Essex Centre, Ont.
I
anouet's Bank, limited,
t& Lombard Street.
|
In,
London
No. 22 Abchnrcb Lane,
KSTABLIBHBD
P.
North America,
\rAH STREET.
Kichange and Cable
Transdemand drafis on Scotland and Ireland
"'""' '-'"''"n'''"' S^ F?anclsTO^nd
'"""'•
*''?i"k9'^ ''*,?
NOTES
Issued in
Pounds Sterling
^•"MMEK*
ClALriVkl'l'f-slsill'fc'h"?'''''-use in Kurope
J^Al. CKBI»IT.>» IS.SlItD for
China, Japan and the Kast and We.st Indies
AlVi
Ui name of LO^DU^
BKAZll.lAN BAliTS:
&
the BrazHs. Uiver
LniliED, available in
Plate, Ac.
Bills collected and other banklnK business
trans'
•«'«<L
.
MeTAVlSH,
AgenU.
H. STIKEMAN.
(
D. A.
Gzowski
&
(
.
Buchan,
STOCK AND EXCHANGE BROKERS,
TORONTO, CANADA.
Stocks and Bonds, Sterling Exchange, Drafta
on
York, bo^bt^and «|d^.t
New
Street Railroad
Ain>
Co.,
Oefanlted Bocdi of MiMOari, Kantaa and Illlnolt a
Specialty. Oood InTestment Seoorltiei, paTlnsftom
tour to eight per cent, for sale.
H. Potter & Co.,
CLEVELAND, OHIO.
INVESTMENT BANKEES,
SPECIALTIKS
TOWN. COUNTY A.\l) CITY BONDS,
LAKE SUPKUIOK IKON MINING STOCKS,
AND STREET RAILROAD SECURITIES
O. Q. FONIS,
STATH BANK, G. T. WALKBB
1
Incorporated 1875.
«
OAS QUOTATIONS IN THIS PAPBR
W. W. WALSH
John
-
-
•
9300,000
Prompt attention given to all business In our line.
N. Y. C0RUE8PO.NDENT8.— Imoorters' A Traders
National Bank and National Bank of the Republic
S^anthtxn
LODOWICKJ.HILL,
E. 8.
President.
f^zanhtics.
MCCANDIBSS. A.W.HILI,
Cashier.
1
BROAD STREET,
INVESTMENT SECURITIES AND
Manbattanville & St. Nicholas
Arenue and other City Railway
42d
St.
Securities Dealt in.
TELEPHONE CALL " NEW,"
727.
Investment Securities
BOU6HT AND
SOLD.
W^ANTEDt
BUsabeth City New Bonds and Scrip.
3Rome Watertown A Ogdensburg IsU and 8ds,
Oswego A Rome Ista.
Scioto Valley First Mortgage Bonds.
Southern Securities.
ALBERT
E. HACHPIELD,
No. 5>s Pine Street.
Minneapolis, Minn.
gpecla' attention given
O^l «„..I „_ « Collections and Bemlttaa.
Collections.
to
1
COS on day paid.
Investments.^o°v'^^i?y"f?![rerty°.'""
Bank and other Stocks Bought and Sold.
* CO., Private Bankers,
P. O. Box 320.
nilnneapolls, Kllnii.
BLAKE
Vice-Pres't
THB
Gate City National Bank
CV^& phicks.
and Surplna,
Capital
-
-
&
Ohio Central i,
"
COmHON AND PREFERRED, (I
Toledo
BOUGHT AND SOLD BY
9300,000 00
Accounts of Banks Merchants. Corporations and
Individuals respectfully solicited.
Collections prftmptly made and remitted for.
will act as agent for the Investment of Idle and
surplus funds of Banks or Individuals.
In our active and growing city money Is always In
demand. Our rates reasonable. Give us a trial.
Thos. P. Miller
&
Co.,
16
nORILE, ALABAmA.
;
First
A. K.
WALKni,
ColleoUoni
made on
all
C.
paru of the United State,
BROAD
ST.
IVO YE»,
NASSAU STREET,
DKALEB
IN
CITY RAIL.1VAY STOCKt,|
TRUST
CO.'S
TELEORAPH
Oaahlei
National Bank,
WriLnilNGTON, N.
18
C
No. 21
Special attention paid to collections, with prompt
remittances at current rates of exchange on day of
payment. Buy and sell State of Alabama and City
of Mobile Bonds.
Correspondents.— Bank of the State of New York,
New York Louisiana National Bank, New Orleans
Bank of Liverpool (Limited). Liverpool.
BuBBuss, Prea'U
AND
WJWL.
BANKERS,
B.
|
McGeorge,
B.
No. 20
Caahler,
1
LITTLE ROOK, ARKANSAS.
-
'
ALL KINDS OI
GEO. H. PKKNTISS. W. D. PmtNTISS.
Member N.T.Stock Kxch.
German National Bank,
Capital (Paid In)
Bonds
SROOKLYlKf SECURITIES
DEALT IN.
1
(
Prwldent.
Stocks and
Detignated Depository of the United State*.
OF
Chlc2S.f
AND
«AS SECURITIES,
COMMERCIAL PAPER,
&
Keleher
F.
ATLANTA, GEORGIA.
Bank
sell Sterling
nONTAGUE ST., BROOKLYN,
GAS STOCKS
108
1871.
806 OLIVB STREET. BT. L0DI8,
Dealers In l¥e9tern Securities.
"*"?„ ?J ..Montrial
™ ""1 Street.
AGENCY OF THE
Issue
Offlce,
Cbloaso and throaghoat the
"WitsUvn '§^uktVB.
.
Prompteat attention paid to oolleotlona payable Is
a II part of Canada.
A pproTed Canadian bnitnats paper dlaoonnted at
tbe uead Offlce on reasonable tamu, aid proeeeds
rem ttwl by draft en New York. "^""' **" ''™>»»°=
Bny and
and Cable
and make oolleotlons
D >mlnlon of Canada
Dsalen In American CorrenoT A Sterling Bzohange.
Agents in London
.
.
„ „
Lloyd's. Barnetfs 4 Bos- o^'V** '" 'i?" ^"*
:
Sterling Exchange. Francs
ansfers; grant Commerolal and Travelers' Credits,
Available In any part cf the world; Issue drafts on
WILKIE, Caahler
^~ OMbtrXnat, Port Colborne. St. Thomaa, Imrenoll
WaUard. FeranB. Woodstock. WlnnlpM, MiS>
fers.
Geo. H. Prentiss & Co.,
So. 49 WALL ST., NEW ¥ORK,
(>has.
FRANKFORT-ON-MAIN,
CAPITAL (paid np),
SURPLUS,
sell
T
BAIVKING COKPORATION.
No. 62
.special luwcstmcuts.
WALL
-----
British
RICHinOND, VIRGINIA.
Circulars and Information on funding the debta
of Virginia and North Carolina free of cost; oneeighth per cent charted for funding. Southern Railroad and State and City Bonds bought and sold.
President.
NXIf TORK OFFIOX,
Ncs. 69 A 61
STREET.
WALTIR WATSON,! ._,„,.
'{Agents.
ALii'BLANO,
Reserve Fund.
770,000
Letters of Credit and Drafts Issued on any of the
numerous branches of the bank throughoat Australia
and New Zealand.
B.
THOMAS BRANCH
913,000,000, Gold
96,000,000, Gold
Australasia,
(Incorporated by Royal Charter, 1835.)
Tbreadneedle St.^ Ijondon, England
Paid-up Capital,
£1.600.000
e.
f
P. BRANCH, President.
Frisd. R. Scott. Vice-Prest
&. CO.,
BANKERS AND COMMISSION MERCHANTS,
W.J. BUCHANAN, General Manager.
Bank of
A. M.
jB..
JOHN
Cash.
Ain>
IfHW TORK C0RRESP0XDRXT8:
4
HARRIS.
John F Glkns.
CO.
&.
Transact a general Banking and CommlBslon
Business In Bills, Stocks, Btiares, Coupons, Su).
Messrs.
B.
RICHinOND, VIRGINIA,
Collections made on all Southern points on best
terms; prompt returns.
Bank
See
STOCKS,
STOCKS,
Stocks, Insurance Stock9>|
my quotations
In Saturday's
of Trust and Telegraph SU
Kvenino Post and Daily ZtuUcatfMT*
Jakuary
THE <iHkONlCLE.
98, 1886.]
^avm
%nUvtBt, ^ivi&zn&s, Stc.
7 Per Cent Farm Mortgages riiLlNOIS CBNTBAI. RAILROAD
(d.MI'A.NV.
l^blovtoaocs.
f^invLncinX.
Sealed Proposals.
*•
47TII
The Corblii Baukluff
Tr-.. ».n-u,,r
^m,-...^
,
,t
..
Co., 115 B'dwajr.
v.m
in.hi^t rv
^
N !
^^
1.1
-;
the WtiSt,
the fVirm.
111
iilH.i
.
Kiw
•!
.,
.
'
If
;
1.
I
.
•im
'
,-...:.
ttii-i>»
March
till
it
.[
.i[i^tiMii'
I
vahiri'l
[
>.,;.-.;
iTiiii.'nf
hiit
h-'-i' ^I'l-in
prDpurliiiii.-*
wllu
Nr\v
iM
I
tu
It
i.-H
iii
active
ItmiiH hoa
(letnllH ru-
&
DENVER,
.
1
.
CITYorSAIMT
,
of btocklioldcrs will be hold
riii'i'tinii
VV.M.
THITRSDAV,
The Twenty-Eighth Day of
THREE AND
Company, uiaturing Feb.
1
prox.. will be paid
#3rr»,ooo
FOUR AND ONE-HALF
Co.,
I
E. T.
City of St. Paul and County
of Ramsey,
N ICHOLS. Jr.,
(SBMI-ANNUAL COUPONS ATTACHBD.)
Maturing
Assistant Secretary.
and one-half
(J>i) per cent per annum, payable semi-annually at
the flnanclal agencies of the City of Saint Paul and
Coimty of Ramsey. In the City of New York, dated
January
Ist, 1886. Principal maturing January 1st
1916 (30 years), and payable at the said flnanclal
agencies. Issued for the following purposes, viz.:
8100.000
County of Ramsey Bonds, issued for the
erection of a new Court House and City
Hall Building, under an act of the legislature approved February 26, 1888.
00,000
City of Saint Paul Bonds, issued for the
erection of a new Court House and City
Hall Building, under an act of the Leglg
lature approved Febrtwry 2«, 1883.
PER
1
earniiiKs has been declared, payable Feb.
to stockholders of record at close of business
February 1. ISSil. Transfer books close February 1,
15,
and re-open Februarv
A. S.
QFFICE HOIHGSTAKE lUINING
Nkw
8%
Transfer books close on 20th
LOUNSBERY *
Inst.
^MINING COMPANY, MILLS BUILDING, 15Broad
St.,
New
York, Januarv
-iO.
No. 116.
The Regular Monthly Dividend of FIFTY CENTS
per share has been declared for December. 18S.'">. payable at the office of the Company. San Francisco, or
at the Transfer Agency in New York, on the 30th
Inst.
Transfer books close on the 25th Instant.
LOUNSBEKY A CO.. Transfer Agents.
St.
.Banking
FOR
Real Estate
Mortgages, worth from two to
four times the amount of mortgage, netting investors 8 to 8 per
ct. Ouaranteed by Co. Interest
payable at our Banking House.
FIRST inORTGAOE
SIX PER CENT RONDS,
Due 1900.
SELECT FIRST MORKi.VUES.
liiiproviiiK We>>lerii Property
,,r,.„j„t
value treble upwa'ds of
Interest
«
"
BAKKR,
L.
M.
January and July.
whom
SALES
FOREIGN BUSINESS OF HIS BXCELLBNCT
THE VICEROY OF TUB PROVINCE OF CHIULI.
EMPIRE OF
BONDS
H.
Ot
THE
elected Directors for the ensuing year
George B. Caihart.
James J. inn
John J. Crane.
Wallace C. Andrew*.
Sumner R. stone.
George K. Simpson
Oliver S. Carter.
John Jay Knox.
James B. Johnston.
Chas. U, Hint,
I). ll..McAlpin.
Walter s. Johnston.
^^ '},?.??,""/'.' V 'li^Rv*"' "' Directors, held this
d<iy, JOHN JAY KSOK was unanimously elected
President, t^m.^
K, U, PULLKN, Cashier"
;
SON,
NEW YORK.
(EqcriTABLB BtTTtDINO.)
W. V .
January 15, 188<i.At a meeting of the.stockholdeis of this Bank held
on the I'Jth inst.. the following gentlemen were
»-
of all claesea of
inULLER
CO.,
St.,
'PHE NATIONAL BANK OF
REPUBLIC. Nkw York.
REGULAR AUCTION
PINE STREEX,
&
60 Wall
WKDNE80AY8 AND 8ATUHDAY8.
No. 12
ClirNA,
RITSSELE
STOCKS AND BONDS,
ON
ADRIAN
NASSAU STREET.
The undersigned have been nominated by special
appointment CO.MMERCIAL AGENTS FOB THE
At Auction.
The Undersigned hold
delivered to the anccessful purchaser In the
City of Saint Paul.
No bid will be entertained for less than par and the
accrued intercit, as provided by aw.
Bids will be entertained for all the bonds. AS A
^^TIOLE, OR FOR ANY PART THEREOF.
EDMUND RICK,
Ways and Means.
Mark
bids "Sealed Proposals for Bonds,"
and
address
City Comptroller^ St. Paul, IVIinn«90ta.
T^IREICTORS'
PROTEST —
'
We, tne underaigiied. Directors of the Rutherford Rai wav Construoton Company, havlrtr learned
through the Secretary 'f said company, James A.
Miller, that:Martin Walker. President of said comSany. nad signed and delivered to H. A. .Johnson,
lanaeer of tho Mjis.Hiu-husett.s & Stmthern Con.»*truc-
tion Company, over *y(i0.000 mortgage bonds on a
ru'lroad ln)m
Hutherfordtun, N. C., to Black's
Station, S. C, do enter this our protest against the
sinning and dellrering of said bonds for I he folloirIng reasons:
1. There is no such railroad, only a proposed route.
with less th«n live mi e.s graded.
2. RutherfdrU County has no guarantee that the
proposed railroad will ever be built, and no assurance that the purchase money of these bonds will be
used in the construction of said railroad.
3. If the Massachusetts Company fati to build said
railroad and an Innocent purchaser of those bonds
suflTe'*. in our t>pinlon the President and Board of
Direct rs of the liuthorfurd Hallway Construction
Company would be respomiible.
RUTHRRPORDTON, N. C, DeC. 1. 1885.
J.B. EAVES.
J. U. BRADLEY,
J.B. UENRY,
E.MCFARLAND.
PRUKTT.
YOU WA.NT TO BUY OR SELL ANY
J.
Q. B.
IF
PVTS*
>TOCKS OK BONDS,
OK CA l*KS 0\to,
send for, or
write to, teU'Kraph
.
'
Mayor. Chairman of the Commisand Sinking Fund.
sioners of the Interest
-'-'
NOTICE.
Ruction JJalm
and
ROBERTSON^
No. T
Dealer In Real Estate and menMort-
gages, Minneapolis. Minn.
STOCKS
ONE THOUSAND DOLLARS EACH,
JOHN W. ROCHE,
INVESTMENT BROKER,
!•
be issued In denominations of
WM. A. VAN SLYKB. Chairman of the Committee
Interest guaranteed without condition by City
ol Moberly. Particulars ou application.
Loan,
< per cent income; also
guaranteed
of I'stnblished merchants of Minnelo « munth.s, absoiutcly secure.
';;',
atforuirw , t,, N per coiit lo advance.
Refer to Nat
Bank (4 C.'mmorce, .Minneapolis; ..r, .Sam'l R. Mac^
Lean. Banker
.x,;l,angeVlace, Now York, dSller
Investments, to
apply for partlc'uniiink' a
will
And
of
:
ular.s
I S. if
These bonds
TOTAL ISSUE, .$100,000.
COST OF WORK, $125,000.
On
(.,,,1,
SALE.
Moberly, MIssonri, Water Works Co.
capital, «200,000.
TOTAL.
The "Commissioners of the Interest and Sinking
Fund" and the Committee of Ways and Means o'
the Common Council of the City of St. Paul, reserre
the ripht to reject any or all bids.
^ittatijcial.
Keorganiied
1S68.
WESTERN of the Ea-stern Representatives
NOKTHWESTEKN
GUARANTV I,OA\ CO
GUARANTEE of Minneapolis, Minn. Author.
lied capital, 12,000,000. Paid up
8'.£73,000
1886.
DIVIDEND
House of NEHER
& CAKPENTKR, Troy, N, Y.
Established Irfn.
I'Li; I to
'-s >'.t.>',
'.{3,000 City of Saint Paul Bonds, issued for
lands purchased for Public Parks, nnder
an act of the Legislature approved Feb
ruary 26, 1883,
CO., Transfer Agents.
QFFICE OF THE ONTARIO SII.VER
(
COMPANY.
partment, unaer an act of the Legislature approved February 24, 186S.
Instant.
porated nil ler
of sl.OOU.UtlO. ^uineedlnKOBMSBY Bros. &Co.,
Kmmettsburir, Iowa, OR-M^by, Ch^te & u., Mitchell,
Dakota, imMSny. iiu.\VKS * Co., Huron, Dakota,
Bankers and Morttfage Brokeri), olfer Guaranteed
Mortjmges. Debenture and School Bond's. Their Demand Investment Cerliflcatos, drawinfi 5 per cnt are
attractive for parties with fund.s idle for a short
time. 30 years' experience. Write tor pamphlet.
Home Office. EiiiinetsburK, Iowa.
'I
Sthkkt,
regular .Monthly Dividend— FORTY CB.NTS
per share— has been declared for December, 1885,
payable at the office of the Company, San Francisco,
or at the Transfer Agency, New York, on the 25th
The
InveHtiiieur Company, Incorthe laws of Iowa, with a Capital Stock
LOAN
.10.000 City of Saint Paul Bonds, issued for the
purchase of lands and for the erection
ef Engine Houses, Ac, for the Fire De-
CO.
MILLS Building, No.
York, January IS, 1886.
The .\mencnii
'v.ti,
10, 1880.
WEINSHEIMER. Secretary.
15 Bboad
DIVIDEND NO. 00.
TIIIRT¥ YEARS,
in
All bearing interest at the rate of four
DIVIDK.ND No. 7H.
The usual QUAUTEKLY DIVIDEND of TWO (2)
CB.vT on the ciiplta! stock of this company
Auditor
Farm Mortgages
NORTH-
CT.
or THIS
OFFICE OF PVLLmAN'S PAI.ACE
CAR CO.MPANV. Chicago, Jan 20, 1880.
In Sams of (100 and Upwards on In
diana and Ohio Lands.
ROTHINO SAFBR. ALWAYS" PROMPTLY PAID
SEND FOR PAMPHLKT.
JOS. A. mOORE,
84 East Market St.. IndlanapolU, Ind
Nassau
PER
BONDS
from net
Ofllce, 180
(i^)
_
\oUK,,lan.4, l.s.'so. The usual quarterly dividend of one and one-half per cent on the capital
stock of thi.s comi'imy has been this day declared,
payable at this ollice on and ater Feb. 1, 1880, to
stockholders of record on that date.
Transfer books will be cloBed at 3 o'clock P. M.
Jan. 18, and will bo re-opened at 10 o'clock A. M.
Feb. 2 prox.
and sample forms. F. M. PEllKINS, President; J. T.
WABNB, Vlce-Prest.i L. H. PKKKIN8. SeoreUry
New York
Jan., 1886,
TUB
.
Nkw
7%
I
IW, 188S.)
Sealed proposals will be received at the oBoa of
the City Comptroller of the City of 8t. Paul. Stata
of Minnesota, until 3 o'clock P. M., on
JtMAlflllAC, Secretary.
Treasurer.
FIB8T MOKTOAOK LOANS UPON IMPROVKD
FARMS. Interest and principal paid on day of ma*
turlly in New yorlt. Kuiids prumplly ulaced. Large
•xpenence. No losses. Send lor circular, references
6%
iirrv lUl.I,,)
MI.V.VESOTA,
I'Al'l.,
December
'FHE ST. PA lit, miKNEAPOLIS &
A MANITOBA RAILWAY O. (W Wll.l,lA.U ST.,
HART,
OlTT CUMPTBOLI.KU'N o»ri<K.
r
i.
,
Offers to tnTestora the best securities in the market.
N. F.
'
LAMER
LAIVRENCE, KANSAS,
€HA8. W. GILLBTT. Treas.:
.
.
on and after t bat date at the banking house of Messrs.
WINSI.OW,
« CO, 29 Nassau St., New
York City.
(QUARTERLY RKlilSTKUEU INTEREST due
Fell. I will bo transmitted at maturity to certlflcate
holders of record Jan. !!B, from which date until
teb. I, 18S6, Inclusive, the transfer books will be
closed.
OEO. 8. JO.vES,
the western
Farm Mortgage
.i
10, IHMll.
of this
COLORADO.
'
refert
h,.
1(1,
•
UiVL--'
i
|,av.
,
,
.mm.
CT. PAUL A; NORTHERN PACIFIC
"^RAILWAY CO..
Nkw
iswi.
CKNERAL .MOHrOAtJK VoKK..Ian. coupons
PEIl CENT
on hand
sale flrst-claas County
II'-'; ,jnd and for choice securities. We
other
iiid to coiixirvatWe Investors our
AN.^'Ti lnipn)vedCity and Kaim
liave buen iiiiide by us after rtiitd
lo and values, and can be transrresiYondence sohclted. UiKbeat
ul West.
furrt;<:
'""r
I
hiivp
'•
M)
..
:
.
!
Dickinson,
•
.
.
I-
1NVKSTME5NT BANKEK9.
We
';--•-
I
I
winch ihcsv itivuaimeutd bavo Krown
lost twu years of depression.
Hayden
I'
,
!
C(l.MI'.\NV. I.-, BttOAD ST. (Mills Building),
Nkw YoiiK. .Inn in, l'»sil
The usual S.iii
ilviderd of
ONK-lIAl.K 11
\
on the First Prcferre.l
Stock of this
lieen this day declared,
and is payable
... ,..,
.-v^;, at this ollice, to stockholders of record upon closing of the transfer books
of that stock, us below.
The transfer books of the Brst preferred stock
of this company will bo closed on Tuesday, .Ian.
80, Inst., at 3 I*. M., and re-opened on the morning of
feb, n, prox.
T, W. L ILI.I B. Treasurer.
during the
Utt
,
hotiiI-
"**"1H«U.
in\«'-iti>ra
L-.
M
CT. I.OiriS& SAK FRANCISCO RAIL^^WAV
enro-
all tho
nder's money, an the
hese yenrs will domare leiirnliiK the
-hi.wii by the ein'riiums
r
[f,i
L.r
.
The stock trnnafor bonks will be closed, for the
Kurposes of ih» above dividend and of the stockolileta' meeting, from Februiiry 10 until March 11,
of those
III.
\
:
I'
The annual
.
i:;i
I
of business,
tiiuusiuids
ivt'stoil In Itit) seruriuUMit iiltin'st riitlritly
..o .i_, .. .lit ural lii'orest. uiitl yot
ji
proiHir iiitk'iiitu, itro ii t'avurlto
Ih> pumir, notwit riMtnrdUiK u tIrHt
funi:^ thjif v'Ti 'lufp t lip rovenut'S
.
i:tih
.
i
'
iiit>
>'itt.
'
tn'--
III
III
(if
:p(H)rt the manviiKt Hystoni of
'.1
II
I
'>
!'
-
ai^S'fSIr,'
31. jnrsi,
aiirual (0,1.11.
bie .Mart- h i. Itnil Rjillroad
~
call on,
II. \V. UO!SK.>BAtAlj
54|Kxcbnnge Place. New York*
e^
Telephonecall "NewS17.'',
THE CHRONICLE.
[Vot. XI
%i\Xitnci<tV
n
3?ittattcial.
WAXTED
Liverpool & London & Globe
& Ft. Dodge
Des Moines
FIRST MORTGAGE MAIN
INSURANCE COMPANY.
I.INE,
AL80
FIRST MORTGAGE EXTENSIONS.
Statement United States Branch January 1, 1886.
LIABILITIES.
ASSETS.
»1,325,000 00 Unearned Premiums
1,679.409 93 Unpaid Losses
Ixians on Bonds and Mortgages...
GoTernment Bonds. 1,909,.'S41 33 Perpetual Policy Liability
United States
$3,473,786
397,439
336,673
337,003
2,589,103
RenlEsUte
364,9-^3 00
244,46-2 16
State and City Bonds
Casb In banks
Other admitted Assets
All other liabilities
Surplus
400,672 47
S3,924,010 83
GEO. W. DOUCiHERTY,
BOOM
91
16
98
39
19
WABASH
Expenditures 1885.
,
$3,775,584 75
3,120,032 98
RAILROAD FIRSTS.
COUNTY AND TOWN OF
CITY,
NEW YORK
DIRECTORS IN NEW YORK:
CiIAIBMAK,
ALEXANDEE HAMILTON,
ANSON PHELPS STOKES,
DBPtJTT Manager, HENEY W. EATON.
J.
E. PULSFOBD.
AS8T. Deputt Managek,
36TH
Investment Bonds.
ANN VA
4 Broad Street,
GEO. W. HOYT.
REPORT
I.
MANHATTAN
CHICAGO & SOUTHWESTERN ER.
First Mortgage 7 Per Cent Bonds.
Principal and Interest Guaranteed, by Endorsement,
Life Insurance
by the
Chicago Rock Island & Pacific RR. Co.
FOR SALB BY
REED & FLAGO,
11 Pine
No8. 156
International
niLK
46
ST.,
First Vice-President, J. L.
Actuary,
8.
N.
STOKES.
Net Assets, December 31st, 1884
Income accounts, year 1885
Transact a General Banking Business
Leffal Depository for Corporations, Administrators
Executors, Trustees, Guardians, and Courts of Law
8TEBBINS.
Total
BUbJeCt
check, or payable at specified dates.
Trustees under MortRaKOs of Railroad and other
Corporations, and Fiscal ARentaforthe payment of
Bonds, Coupons, Dividends, &c.
4 Wall
»ia,648,919(
E.
payment of annuities
DIRECTORS.
DIEALINQS IN
INSURANCE STOCKS
A SPECIALTY.
;
Fift h
f 790,887 61
medical
department, advertising and
other expenses
273,363 90- 1,400,002 64
taxes,
POTTER.
Balanie
JOHN in. ORAHAItl, PresH.
HENRY \a. JEWETT, Sec'f.
tll,155,827 01
Madison Square,
and Delightful Location.
HlTCHCOnK. DARLING A CO.
John G. Mooke. w. K. Kitchen, G. B. SoatEr
Moore
H. L. Grant,
BROADWAY,
BOnGHT ASD
BOLD.
Bee QnotationB of City Railroads in this paper.
11 COPTHALL COUHT,
LONDON, E. C, 1st January. 1886.
TUTE
>
J
BEG TO ACa^AINT YOU THAT
we have this day commenced to carry on a general Baniilng and Commission business at the above
address, in co-partnership, under the style of
BI.AKE, BOISSEVAIN & CO.
Mb. H. J. DkLANOY MBYBR will sign for
our
STANTON BLAKE,
A. A. H. BOISSEVAIN,
A
BI,AKE.
PROFICIENT OFFICE BIAN AND
Manager
desires reputable
-'*^ Business
meat,
(30)
BKADFoitD,
value)
1,854,937 63
Real Estate at cost
890,978
Premiums deferred and In course of collection and transmission
150,814
Loans on stocks and bonds
8,699,062
Interest due and accrued, and all other
property
119,989
57
7g
50
06
$11,155,837 04
employ.
this office.
proof, etc
Schley,
26
BROAD STREET, NEIV
Branch Offices:
ITORK.
Connected with
73 Wall St., New York,
Irving A.Kvan8*Oo»
114 So. 3d St., Philadelphia.
Si8 State Street.
1419 F Street, Washington.
Boston.
Private Wire Connections.
Buy and sell 8tucl£s, Bonds and Miscellaneona 8ecarlties on
New York
KxchanKes. also Grain and
ProTlslons on Chicavo Board of Trade,
&
Spencer Trask
Bankers^
Nob. 16 and 18
Co.,
Broad Steeet,
Transact a ffeneral Banking Businesi
Reported claims awaiting
firm by procuration.
F. B.
?3,297 69
Cash in banlt and Trust Company
153,110 14
Bonds and mortgages
3,148,494 22
Loansonpo'iciesin force
1,137,138 15
United States and N. Y. stocks (marltet
Gross assets
&
BANKERS AND BROKERS,)
Caahonhand
J
NEW YORK.
The Largest, Best Appointed and Most Liberally
Managed Hotel in the City, with the Most Central
LIST OF ASSETS.
No. 14S
Avenue
HOTEL,
aaa
real estate, commissions,
WILLIAM W. CRAPO,
JOHN (iOLDTHWAlT,
PATRICK A. COLLINS,
JOHN M. GRAHAM,
THOMAS F. TEMPLE,
Bailey,
PINE STREET,
will
Paid dividends
271,350 06
Paid purchased policies
155,551 07
Paid salaries, olfice, agency,
for the acceptance of trusts created by Will or othei^
wise, and the care a4id manasement of property and
NEW YORK.
CITY^RAILROAD STOCKS k BONDS
S.
Street.
Cash paid at once for the above securities or tber
be sold on commission at seller's option.
Paid claims by death, ma*
tured endowments, and
SECURED BY SPECIAL TRUST GUARANTEE FUND
6s.
CItr, Ala., 7s.
AndJMIscellaneous.Securltles.
BOUGHT AND SOLD
Bj R. A. I.ANCASTER de CO.,
DISBU BSBMBNT8.
TKUST DEPARTMENT,
B.
Charlotte A. L. R'y Bonds.
5>s
INTEREST ALLOWED ON DEPOSITS,
WAHHEN
&,
North Carolina State
»10.595.547 88
2,050,371 80
fto
WILLIAM CLAFLIN,
CHAHLKS MARSH,
WILLIAM A. HASKELL,
JOHN C. PAIGE.
WILLIAM T. PARKER.
posited secarities to the owners, it is to the common
interest of bondholders that all should now unite on
the Resumption plan, and that such who have not
already done so should exchange the required
coupons for trustees' certiflcatesas provided therein.
Birmingham
GROTTTH OF THE COMPANY.
of the charter, stockholders are
foran additional amount equal to capital stock.
estates.
RAILWAY.
The Coppcll Committee having advertised the
abandonment of their plan and the return of de-
Memphis dc CUarleston RR. Bonds.
Memphis Sc Little Rock RR. Bonds.
Carolina Centra] RR. Bonds.
HAL8BY.
Second Vice-President, H. B.
Secretary, H. Y. WEMPLE,
$500,000
100,«00
By the provisions
1880.
HENRY STOKES.
1879.)
York.
Such speedy fulfilment, by removing any further
uncertainty as to the future position of the bonds
will enable all energies to be concentrated on the
development and improvement of the common property, and warrant further increase of confidence in
Its outcome.
WM. J. PALMKll. President,
158 Broadway.
IN
New
DENYER & BIO GRANDE WESTERN
Atlanta
President,
BOSTON.
CAPITAL,
SURPLUS,
liable
k
ORGANIZED
Trust Company,
(INCORPORATED
Company
OF HEW YORK.
St.
STATE.
TOBEY& KIRK,
KOBEET K. MINTUEN.
CHAELES H. MAESHALL,
JOHN A. 8TEWAET,
eesldent Manager,
SCRIPS.
NEW YORK & GREENWOOD LAKE
$5,924,010 S3
Income 1885
MILLS BUILDING.
D,
(184,344 88
Dividends
unpaid
and
other liability
132,003
Reserve on existing policies
estimated by Now York
standard
8,860,188 00 8,877,076 »6
M
Surplus by above standard,
Amer, EiL. 4X perlceot
vlj!.,
,.,...$2,278,750 7^
Bkanch Offices:
Cannecled by Private Wira.
Philadelphia, 133 South Third Street.
Albanv, N. Y., 65 State Street.
Providence, R. I., 13 Westminster St,
Saratoga, N, Y., Grand Unioa Hotel,
xtmtk
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTINQ THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATEa
VOL.
SATURDAY, JANUARY
42.
NO. 1,074
23, 1886.
CONTENTS
covering a market value of f 137,283,000 and $118,756,000. reWith double these values deducted from the New
CHRONICLE.
York totals, the exchanges of other origin remaining are
103 Great Britain In 1885..
110
1378,033,385 and $385,363,451, or a gain of 32-5 per cent.
104 Chesapeake A Ohio Railroad
spectively.
THE
Clparing-FIouse Returns
e FlnaBcUil 8ltaatlon
|
T
Wliiit
Antbraclte
tlin
Kieuros
I
Coal
Show
Tli«> Political
1
I
Outlook in Great
I
Monetary
and
Kngliah
News
Commercial
Week Ending Jan.
115
Commercial and Mlacellaneous
107
lirltain
112
Sj-atcin
I
lOG
1888.
News
A Solution ofthc Sliver Problem
THE BANKERS' GAZETTE.
10-<
|
Money Market, ForeiRn Ex-
1
change, U.S. Securities, State
and Railroad Bonds and
Stocks
118
Bange In Prices attheN. Y.
Btook Exchance
119
I
I
I
117
New York
QuotationaofStooksandBonds 120 3dU» oJ~
Local .Securities
Railroad Earninjcs
121
122
Investment and Railroad In123
telllgenoe
126
127
Cotton
l
I
Breadstiiffs
l."?2
Dry Goods
133
published in
Terms of Subscription— Payable In Adrance
CHRI1NICLK.
Sulwcriptlons will he continued until deflnitely ordered stopped. The
puhlirthera cannot be re.sponfllble for remittances unless made by Drafts
or Post Ollice .Money Orders.
A neat tile cover is furnished at 50 cents: postage on the same is 18
oents. Volumes bound for subscribers at $1 00.
OIBces In England.
Commercial and Financial Chroniolk in Ix)ndon
Edwards & Smith, 1 Dr.ipers' Gardens, E. C, where sul)-
the
Is with Mesars.
aeriptlons .ind advertisements will be taken at the regular rates, and
single eoiMfs of ilic paper supplied at Is. each.
The office of the Cii konicle in Liverpool is at B15, Exchange Buildings
JOHN
O.
AVILI^I.m B. D.1N.\
79
FLOVD.
dc
-I-88-7
(1,842,341)
(1,750,287
(885,900)
(294,900)
(+30-9)
(430,600)
(87,071,000)
(-110)
(41,179,000)
(-9-6)
(+9-4)
(-34-6)
(38,778,000)
(45,179,000)
(-14-8)
(77,217,000)
(+8T8>
185,137,669
5,019,100
$69,619,086
-^a8•s
$97,246,118
+40-4
-1-21-1
5,087,800
-H8-»
+0-7
+26-9
3,137,981
+38 8
1,074,279
4,145.100
1,702,921
846,471
1,085,633
+80-S
875.767
827.443
482,091
788,781
756,858
594,524
+110
845374
+io-»
-18-9
994,336
518,106
+13-«
195,191.233
$78,513,739
+ 212
$108,794,846
+37-*
153,817,532
7.340,S9S
15-6
$90,567,628
12,280,:J95
$46,600,219
6,717.053
14,880,145
ProTtdenoe.«..
Hartford
Portland
Worcester
(2,023,9r)8)
1,774.8M
Sc
Co., Pabllnhers,
NEW YOKK.
81 'Wnilain !«treet,
Post Offick Box 958.
Total
N
Bnglsnd
Philadelphia...
J
For One Year (including postage)
$10 20
ForSix Months
do
6 10
European Suliscrlption (IncluUng postage)
11 28
Annual sub<>criptiou In Loudon (luoludini: postage) ...... £2 7s,
Six Mos.
do
do
do
«1 8s.
These prices Include the Investors' Supplement, Issued once In two
iBoiitlis. and furnished without extra charge to subscribers of the
DANA
$716,037,84'
,
ntered at the Post OfUce, New York, N.Y., as secondolass mall matter.
B.
+24-3
.+»-9)
(S8,977,iMO)
.
Boston
Thb Commercial and Financial Chronicle is
New York every Saturday morning.
WILLIAK
$524,875,451
Percent
balet.)
((Srain.
Lowell
office of
1886.
.bxuheU)
(Petroleum..bbU.)
(Stocks.. ..tharu.^
(Cotton
Springfield
The
9.
Ptr Cent.
|
THE COMMERCIAL TIMES.
Oommerotal Epitome
»652.5fl7,265
Week Ending Jan.
19.
1885.
PItUbnrg.
fialttmore
,
+ 93
8,171,454
16,165,757
+89-8
+11-8
+18-3
$81,904,839
+«9-»
$53,592,918
+7-7
$73,447,845
$68,203,417
-(7-7
$44,267,071
Cfnoinnatt
8,719,.'.50
10,144,;,'50
Utlwankee
3,142.631
4,212,314
40-3
-14-0
-25-4
+12-4
Detroit
Indianapolis
8,808,218
1,4S1,8«2
2,499,048
1,494,498
-0-9
CleTelaod
»,390,730
2.006,587
-I-19-1
Columbus
1,589,833
6 27,140
1..301,0M
-+22-2
Peoria
779,842
-19-6
Om&ha
3,180,451
2,007,792
-t-58-4
Denver*
2,917.599
108,320,306
$68,712,056
-0 6
$14,920,698
890,848
10,055,764
4,874,670
3,912,090
1,704.899
1,009,861
$16,193,289
701,618
11,481,179
4,537,532
4,328,826
1,819,435
....
Total Western...
Lonls
at. Joseph
New Orleans
St.
tiOniarlUe
KaDiaaCItT
Memphis
Galveston*
San Francisco
+9-5.
-17-4
-I-
|44.3S0,0a)
Total Middle..
Chicago
Total Southern..
CLEARING HOUSE RETURNS.
-(-b-3
-7-9
+870
-120
+7-4
—9-6
-63
+»»
10.702,600
4.973,889
+11-1
3,447,688
+84-6
-5-»
+10:*
+88-5
1,901,878
8.715,389
1,927,946
777.338
8.561,459
3,746,861
+111
-«-5
$84,305,739
+8-»
$17,032,098
1,076,919
11,086,855
6,753,8*^
4,308,732
-3-5
+94-1
-S1>
+23-8
-8-4
8.442,245
-(-9-6
1,768,311
$36,358,876
$39,001,873
-6 8
$41,700,491
-1-0-8
$10,947,430
$18,830,618
-14-7
$11,393,856
-8-5-
$988,862,971
$792.137.954
+ 18 3 $1.047.137,608
-t-a21
The effect] of the extremely unfavorable weather on the Total all
"1ta31.»99,76li
+19'»
volume of exchanges is shown in the accompanying statement, Outside New York $284,265,689 $267.262,503 + 6-4
* Not included In total.
•which covers the week ending January 16. All but three of
Our telegraphic returns of exchanges for the five days of the
the twenty-nine cities reporting exhibit so me decline from the
preceding weelf and the greatest losses occur in those sections present week are of a more satisfactory character than those
which suffered most, either directly or indirectly, from the for the preceding similar period. All the cities, except Baltiinterruption to railroad traffic. In many portions of the coun- more and New Orleans, exhibit some increase over a year ago,
,
try the cold also was of unprecedented severity and duration.
in comparison with the total for the corresponding week
Still,
and
in the
aggregate the excess reaches 38'5 per cent, against
on January 15. Outside of New York the gain is
13-6 per cent.
16-3 per cent
of 1885, this week's figures exhibit an increase of 18-3 percent, now
while outside of New York the excess reaches 6-4 per cent.
The receipts of grain at the Western lake and river ports for
the week record a very decided falling off from the total for
the week of last year, the aggregate being only about 1,873,000 New York
bushels, against 5,695,000 bushels in 1885
and
5,061,000 bushels
SaUtofatock
Boston
Five Day» Ending Jan. 22.
1886.
(ihM.)
(Thicago
•V-c.
lectively of smaller proportions than last
week or in the corresponding week of 1885
but on the Stock Exchange the
-hare sales reached 2,023,958, against
1,842,341 a year ago, and
;
Balance, Countrj*
ToUlall
Per
Cent,
+51-9
$6I4.0!i8,171
i n 1884.
This accounts largely, if not wholly, for the decline in Philadelphia
the exchanges at such cities as Chicago, Milwaukee, St. Louis, Baltimore
The cotton movement also suffered a large diminution St. Louis
Mew Orleans
both at the outports and the interior towns.
Transactions on the various New York exchanges were colTotal
1885.
$401,223,583
(8.014,7861
(1,174,879)
(+71-0)
53,092,759
37,359,138
10,517,988
+87-9
+20-3
—18-3
8,028,117
38,481.098
18.808,300
9,378,871
$796,802,289
83.054,546
$860,220,741
53.566,333
$840.948.815
$613,'Wr074
99,032,684
44,948,180
8,808,028
SS,32t,000
13.688,562
5 lyytEnd'g Jan.
1888.
15.
PerOmt
-t20-»
(+16-1)
+10-7
-14-4
$536,814,509
a,81I,I31)
70,893,402
42,995,478
10,268,168
36,108,000
18,497,893
10,875,984
+42-2
-1-0
$720,283,186
61,174.389
+17*
$781,427,825
+i«lr
»844.8IS.019'
+8^
+181
+38-8
"-18 6~
Outside New VorkI ta35,9U8.B44l <20«.5'3ml
* Jtii Imated ou the basis of the lust weekJr roturna.
+23
ft
+131
-16-4
-3-0
-8-1
-2-1
+7-7
THE CHRONICLE.
104
[Vol. XLII.
In the absence of important developments in any
department of trade, and of this condition of ou,r foreign
There has been no change in money the past week. exchange market, the event which has engrossed most
As represented by bankers' balances the rate has been as attention this week, has been the continuance of the silver
low as 1 per cent and on Tuesday as high as 3 per cent, discussion in the Senate. If those engaged in this work
averaging about 2 per cent for the week, without any only realized the harm they are doing to our industries
TBE FINANCIAL SITUATION.
urgency in the demand at any time. The tendency of it certainly seems as if it would make them halt. And
currency to return to this centre has increased rather yet no one can think so meanly of the intelligence of Mr
than diminished, the fall in grain and the snow storms, Beck and his followers as to suppose they believe
which still interfere with the free movement of the crops, what they say. The whole burden of their speeches
An inci- repeated day after day, is that they want, this " to be a
serving to lessen the inquiry for crop purposes.
failure of a prominent " Government by and for the people, instead of by and for
dent of the week has been the
who
speculator in Milwaukee,
has been a persistent be-
That
"bondholders."
they would pay these
to say,
is
his
liever in high prices for wheat, but has at length found
carry longer. From present indications,
load too heavy to
widely
that failure is but the beginning of troubles, and the
reports of a large combination being formed
telegraphed
rich owners of silver mines a royalty, have the credit of
are more
for the purpose of sharply advancing this staple,
than likely circulated in the hope of inducing the unwary
quite
It is
to relieve present holders of their tiresome burdens.
five years
the old story, now for the third time within
one and called
—
the nation impaired, our industrial interests
and
serving the people.
call it
person utter such trash
coinage
rightly
if
a
and
legislators,
entitled,
the
that
becoming
is
measures now being
would be grouped into
desire
impecunious
certain
relieve
to
bill
sacrificed,
all
can an intelligent
The conviction
I
general that these
introduced,
How
among them
is
not
bi-metalism at all, but mono-metalism and that metal silver,
repeated the utter failure of the
the American supply. and the lower its bullion value the better they would like
world on wheat by withholding
We have heard of the ostrich hiding its head and suppos- it. In a communication in another column a corresponding it was concealing its big body; but is not that act the ent has well described the debtor class that is to be
corner the
attempt to
height of wisdom compared with the policy of piling up
upon
in sight of consumers millions
millions
by a debased currency.
Great confusion of ideas seems to exist with regard to
India and the effect on its productions of the decline in
relieved
of grain,
expecting the world to believe that it is permanently off
the market just because the holders can conceal the narrow
We have not room here to discuss the
silver bullion.
subject at any length, but all statements which claim that
margins upon which it is carried ?
The Bank of England minimum rate of discount was the lower price of silver serves as a premium upon, and
reduced on Thursday to 3 per cent from 4 per cent, at therefore a stimulant to, crop raising there, have no basis
This reduction
which it has stood since December 17 th.
the low rate of 2 per cent ruling
was in part caused by
for discounts in the open market at London, but was
made possible through the gradual gain in bullion by the
Bank of late, and by the fact that our exchange market
is so
from
belief
is
not
also,
which
to
likely
be
now
quite general in
coinage
and
repealed,
will doubtless continue
that
was a further source
direction of high rates,
that operated in
favor of the reduction.
now made by
Bank was
in
various
in
lar
the
of
We
forms.
one of our careful
this coinage
seem
its
silver
have had
to
W.
Mr. John
others
latter statements
some grossly exaggerated reports ascribed to
Bookwalter, taEen up and repeated by
their origin in
dollars
exchange
influence
to
These
rupee currency.
London,
of silver
India's gain through
enforce the same idea of
this country.
the
is
law requiring
that the
In connection with this claim, greatly
fact.
exaggerated reports of India's exports of wheat are also
given, in many quarters being used simply to illustrate and
near the gold-exporting point as to give assurance
of at least a moderate supply of gold
The
whatever in
WS,11
Street
Saturday, asserts that " the
last
even
that
notice
firms,
their circu-
in
export
clear,
"ances of wheat from India during the past year have
"been nearly four times the amount for 1881." As asser-
of confidence
This change
tions like these do harm, being used by many to cultivate
by the among unthinking farmers and planters a sentiment in
previous fall in the open market rate, so that our bankers favor of silver coinage, we have prepared the following
adjusted the prices of long and short sterling to conform from the India trade reports in our possession, which shows
to the street rate for money, and therefore no alteration how incorrect all these claims are.
It affords at a glance
was necessary on Thursday.
The India report only
a history of India's wheat trade.
The tone of our exchange market has been gen. states the quantities in hundred-weights and the values in
erally
firm
Tuesday,
the
all
when
the week,
it
was
partly foreshadowed
the only exception
ports of purchases of stocks
was thought might result
But while the tone
bills.
only a fractional change in
short remained so close to
it
justify expectations that
and we have worked out and added the bushels
and the dollar values {the latter on the basis of no deprecia-
rupees,
by the arbitrage houses, which
in a more liberal offering of
was easier, there was really
the
selling
rates,
tion in the rupee) for the
1.
1881-82.
1882-83.
1883-84.
WheatOWtB.
Quantity
Quantity ... bnshela.
rupees.
Value
dollars.
Value
per busliel.
Value
Yesterday the rates were
first
1884-?5.
Exports from India.
which for
the gold-shipping point as to
again, francs (for the
convenience of the reader.
TEAR ENDING APKIL
some shipments would be made
before the close of the week.
marked up
being on
slightly easier in consequence of re.
time this year), as
well as sterling, being fully up to the gold-exporting point,
Cwts.=ll2
lbs.
15,854,292
29,594,67P
6,31,01,453
29,163.59t
9812C.
Bu8liels=60
20,956,495 14,144,4071 19,863.520
39,118,790j 26,402,893] 37,078,571
S,87,75,61O6,Ot<,89,34l!8,60;40,000
41,029,424 28,048,7931 39,763,107
$104»io
lbs.
I
$10614
Eupee8= 46'2 17
cts.
I
$10714
per rupee.
the market being firm at the advance.
The only engageAs the year ends with the first of April, this shows the
ment announced as yet is $500,000 withdrawn by Messrs. exports from the crops of 1881, 1882, 188.'3 and 1884,.
Brown Brothers to go by the Oregon, sailing to-day. The proving that in that period there has been no important
demand for long sterling is active, being wanted not only increase since 1881 in exports (only one year, 1883-4,
and
Commercial
for remittance but for investment,
this inquiry has ab-
sorbed
bills
all
the offerings.
owing to the very small movement of cotton and breadstuffs.
and presumptively none in prothe exports were larger than
any year, except in 1883, and about 25 per cent larger
showing a small
continue light,
duction
'
in
;
excess),
in fact
in
1881
Jandary
THE CHRONICLE.
88, 1886. J
than in 1884-5.
being marketed,
As
it is
to
the crop of
188.';
which
now
is
elusive as
105
showing that
it
not be hereafter.
will
In
(judging from the exports thus far cussions, however, respecting this matter, and in
all dis-
fore-
all
situation which a further extension of the war
reported) bettor than in 1881, but not so abundant as that casts of the
reports for only seven months of rates would produce among our railroads, we should
The India trade
of 1883.
and we give the not lose sight of the one fact that in no event can this
of the new year have as yet reached us,
the same period of the two previous industry be put back to the demoralized condition it was
results with those for
When
in the first half of last year and prior to that time.
years for comparison.
the settlement of the New York Central and West Shore
Seven monlhi.from AprU 1 lo Oct. 81.
difficulty was effected, we passed out of one state of these
Mxportto/ wheat.
ISM.
Idas.
1H88.
controversies which cannot
From India—
owU.
"
13.899.513
bush.
Qaontlly
25,94,5,767
5.23,84,387
$2-1.210,492
$0-9313
rupees
Value
doUan
"
"
pel bush
9,797,313
18,288,318
3.98,30,302
$18,408,371
$10013jo
16,621,224
I
I
31,026.28.'>
6,98,65,273
$32 28i),633
j
$1-04
!
In the light of these figures, does not this claim of the
immense bonus (many papers have called it 18 per cent)
that the decline in silver affords the India producer, appear
a little foolish ? And what becomes of these Munchausen-
TrafiBc
returns
now wholly
of the railroads
depressing influence
return.
have been rather
upon the market, the exhibits
a.
for the
second week, from nearly all sections, being exceptionally
But It is well understood that the cause of this was
bad.
the severity of the weather, and that the figures therefore
are devoid of any significance as showing what future
to
are likely
results
Traders in the market used
be.
the returns, however, temporarily to further their
own
pur-
be said that there have also been some good
exports, too, that exhibits, though covering a back period.
The Houston &
like stories of vast increase in exports
are said to be crowding America out of the markets of the Texas Central has issued its statement for November, showMost certainly our Northwestern farmers will ing net, above operating expenses and renewals and betterworld
—
poses.
It is to
!
not tremble long over such figures and prospects.
There is another phase of this question which
for not
up another day,
take
only
is
ments, for the
we
will
India not harming
through Great Britain's policy of monometalism,
us, but,
month
in
1885 of $163,940, against only
month of 1884. Evidently
469,697 in the corresponding
the condition
of
affairs
in
Texas had undergone a very
decided change for the better to admit of such a favorable
comparison. The coal stocks have been rather a drag on
and there must come
For it will be re- the rest of the list. Reports of a most discouraging
membered that the above values are in »ilver rupees, and character with reference to the outlook for the coal trade
with the natural and perhaps
that we have turned them into dollars on the basis of no de- are being circulated,
As a question of foreign trade, intended effect of depressing both stock and coal prices.
preciation in the rupee.
however, the rupee value would have to be reduced to We present on another page some figures bearing on the
In London on the 9th of production and consumption of coal in 1885, and these
correspond with its true value.
January it was only worth Is. 5fd., and here at that date make anything but a gloomy showing. However, there
companies, which,
35 cents, instead of, as above, is an absence of harmony among the
it was worth only about
though it may at any moment give place to a different
India
is
rapidly impoverishing herself,
a day of reckoning not so very far hence.
46-217 cents!
The
week has been somewhat
and irregular. The tone has been
stock market this
though variable
better,
and there was an accession of strength towards the close
There have been periods of depression, but
of the week.
succeeded by
rallies,
and there has been no such general
movement as distinguished the week previous.
The market, however, has been rather limited, the diminuselling
tion in activity being quite noticeable.
In truth, the busi-
almost wholly confined
to the professional
ness has been
traders, who are usually prompt to change their position
from one side to the other of the market; this will in part
account for the rapid recoveries that have taken place.
In the general influences affecting values there has
no
been
the
change of
Bank
of
importance.
The
reduction
England rate was interpreted
It is
exerts an adverse effect while it lasts.
suspected that when the needs of speculation have been
satisfied a marked change may occur.
The Government bond market has been strong and
moderatively active this week for the long-date issues, but
the 3 per cents have been unfavorably influenced in part
by the proposition to redeem the called bonds with silver,
and also by the expectation that there will be other calls
sufficient to cover the sinking fund requirements before
the close of the fiscal year.
The following, prepared from returns collected by us,
shows the week's receipts and shipments of gold and currency by the New York banks.
condition,
firmer,
in
in a favorable
WMk ending
Jan. Hi, 1886.
ffold
Net Intertor
Movement.
11,859.000
Corrency.
Sold
Total
SMppedby
Reeeiwdby
N. T. Banks. N. T. Ban*..
and leiral tenders.
(291,000
10.000
OalQ.. (1.568.000
Loss.
10,000
$1,65»,000
(301.000
Oaln.. (1.658,000
of gold exports, and
The above shows the actual changes in the bank holdwas availed of to give prices a temporary boost upward. ings of gold and currency caused by this movement to and
that movement the banks
The importance of the reductipn can however be easily from the interior. In addition to
have lost $300,000 through the operations of the Suboverestimated.
With rates of foreign exchange up to the Treasury and $627,000 by exports of gold.
Adding
gold shipping point, with silver coinage continued, with these items to the above, we have the following, which
light as diminishing the probability
the
duU season
in the export trade approaching,
ously too early to
make any
predictions.
it is
obvi-
Prices of stocks
have also been influenced by the more favorable aspect
which it is assumed the trunk-line situation presents.
There
fight
is
should indicate the total gain to the New York Clearing
House banks of gold and currency for the week covered by the bank statement to be issued to-day.
Week enMnt Jan. 33,
1880.
Into Battle
OutatBcmkt. Net Chantein
Bank Soldings
a manifest disposition to localize the effects of the
between the Baltimore
Whether
& Ohio and
the effort will succeed, time
the Pennsylvania.
must be
left to
show,
Banks' Interior Movement, as above
Sab-Treasury oper. and gold expts.
Total
ffold
and
leKal tenders
tl.859,000
7.000,000
(801,000
7,027,000
(8.859.000
"(8^.000
Oaln. (1.S5S.000
.
927,000
Gain.
(631.000
lyOSS
of England gained £468,535 bullion during
This represents £73,000 net received from
The Bank of
interior.
will be enlisted to bring about some sort of an under- abroad and £395,535 from the
France reports an increase of 4,447,000 francs gold and
standing or agreement.
Thus far, the cut of the Balti1,519,000 francs silver, and the Bank of Germany since
more & Ohio has not been met by the other hnes either the last return gained 16,040,000 marks.
The followcollectively or individually, but of course that is not con- ing indicates the amount of buUion in the principal Euro-
but the managers of the trunk-line roads evidently have a
great deal at stake in the matter, and their best endeavors
The Bank
the week.
THE CHRONICLE.
106
pean banks
week and
this
at the corresponding date last
seemed to be the only way
and trying situation, and trusted to
The quotas
future developments to carry them through.
of the different companies were determined by the allotment to each of a certain percentage of the whole amount
large total simply because that
out of a
year.
Jan. 22, 18(:5.
Jan. 21,1886.
Bold.
Silver.
Oold.
Silver.
[Vol. XLII.
difficult
be mined, and where such percentage did not yield
what was expected on the basis of a given total, by
to
Bank of England ....
Bank of France
Bank of Oerman;*
20,953,690
45,909,606 43,240.151
17,098,330 15,162,670
week
Total prevlonB week
56,025,272
83,961,626 58,402,821 73,777,875
55,627,031
82.890,148 57,965,121 73,073,323
.
.
41,076,272
14.919.000
—
;;o»roi ^M^^^^^oTis^^^"^^^
Ttotal this
returns are issued.
The Assay Office paid
ury for domestic bullion
o v,
$191,853 through the Sub-Tieasweek, and the Assistant
during the
rn
House.
Treasurer received the following from the Custom
Oontisting
Date.
17.-8.
Bold.
Jan. 15.
" 16
18.
19.
20.
•'
"
"
« 21
Total.
Oold
Silver Oer-
Oerlifle't.
tiflcatei.
$186,000
149,000
477,000
416,000
151,000
241,000
$81,000
$846,000 $ 1,623,000
$444,000
75
43
08
27
92
28
$2,000
*1 31,000
500
82,000
164.000
249,000
94,000
126,000
S2,941,423 73
$21,500
$402,301
279,571
705,868
800,685
309,218
443,778
3,000
11,000
2,000
3,000
Included in the above payments were $7,500 in silver
coin, chiefly standard dollars.
be
tionally
high.
No
trouble was expected
in
the
early
was made very light,
months, since
when the period of heavy production arrived, had the
but
market failed to respond, the situation would have been
for
these the output
As
it
was,
did
it
various favorable happenings
—and
respond
—thanks
to
thus by a fortuitous
combination of circumstances, the managers were relieved
of the necessity for further action. With this explanation
the year's
duce
the
events and their
figures.
In
the
each year since 1873.
for
figures include "the
" excepting
"
that
^Ir.
It
entire
we may now
table we
effect,
following
together from the statements of
|
intro-
bring
Jones the production
should be stated that the
production of
anthracite,
consumed by employes and for steam
and heating purposes about the mines."
WHAT THE ANTHRACITE GOAL FIGURES
ANTHRACITE COAL PRODnCTION.
SHOW.
Tma.
Tfar.
The uncertainty attending any
company could
disgruntled
others.
of
122,000
59,000
73,000
the
total
that
without entrenching upon the demands of the
So the allotment for the year was fixed excep-
satisfied
very serious.
of—
Notet.
Dutiet.
increasing
forecast of the anthra-
Yenr.
1880
Tons.
.
23,437,a4/
in the figures of
1874..
21,227.852
20,145,121
1881..
28,51)0,023
production for the late year, furnished this week by Mr.
John H. Jones, the accountant of the companies. When
1875..
19,712,472
1882..
29.120.092
1878..
18.501,0)1
1883..
31.71)3.024
1877..
20.828,179
I8St..
30,7.'.i),;i05
1S7S..
17,605,202
1885..
31 .1H::I,52B
1«79..
26,1-12,IW»
cite coal
trade
is
strikingly illustrated
187S
at the beginning of 1885 the combination fixed the output for the twelve months at 30 million tons (against the
mined
in the year 1884) there
were few per-
.
Thus the production in 1885 was 866,534 tons greater
than in 1884, and only 169,495 tons below the exceptionAs compared with 1880
ally heavy production of 1883.
30f
millions
sons
who did not think a too favorable view of the situahad been taken, and that so large a tonnage could the increase
tion
not be marketed. When subsequently the managers,
ignoring the determination of the Pennsylvania Railroad
officials not to join the combination, resolved to add an-
is
more than eight million
ence to the output for 1883
of 31,793,024
tons,
we may say
tons.
With
refer-
that the total then
caused tidewater stocks to increase
from 562,116 tons to 748,330 tons, so that the amount
other million, making the total to be mined 31 million that went nominally into consumption was only 31,606,810
tons larger even than in the year preceding it was tons; in 1885, however, the production of 31,623,529 tons
deemed that the very extreme of foolishness had been was accompanied by a decrease in stocks from 874,681 to
reached, and that the collapse of the whole scheme was 754,545 tons, making the consumption for the year
—
—
which
particular, therefore, the year
only a question of time.
31,743,665
The production that was considered excessive has been exceeded, and the output for
the year is only a trifle balow the largest amount ever
excels previous years without any exception.
How
different the result.
tons, in
But
all this
The
not conclusive of what can be done this year.
figures above show that the output from year to year h^
is
i
j
The combination moreover survived not only that varied greatly, and even when the tendency was upward
fact, but also the fact of dissensions within it and the the movement proceeded very irregularly and was accomindependent action of the Pennsylvania Railroad without. panied by some decided breaks. Thus from 18,500,000
The increased production was made, too a very import tons in 1876 the total jumped in 1877 to 20,800,000 tons,
ant circumstance without any increase in the stocks of but that did not prevent the production from falling in 1 878
coal on hand at tide-water shipping points, but rather with way down to 17,600,000 tons.
Again, from this 17,600,a decrease in those stocks, showing tha^the whole of the 000 tons in 1878 the output in 1879 went up to 26,100,increase in production, and more, too, went into consamp- 000 tons, only to drop to 23.400,000 tons in 1880, which
tion, or at least disappeared from sight.
was succeeded by an increase to 28,500,000 tons in 1881,
If, however, the managers now find that their figures since which time the fluctuations have been less violent.
have not been so far wrong that the market has absorbed
Of course the important point to determine is whether
the full amount of the allotment, and even gone beyond the increased demand is to be permanent or not.
The
it
we do not think they will on that account lay claim to only light in that particular which we have is that afforded
any special prescience, or understanding of the course of by the statistics, and these of course do not always receive
market. In truth, we doubt if they expected such an the same interpretation.
It is well known that the imoutcome. There may have been some enthusiasts among provement in the trade did not begin till after the expirathem who thought that the demand must increase, that tion of the first half of the year indeed, it was not till
nothing else was possible, but as a body we do not believe after the 1st of September that we had any real evidence
the managers really imagined they could market more of its presence.
Since then, however, its effects have been
certainly the depth of gloom marked and decided, and continuous as well.
coal in 1885 than in 1884
In the foland depression prevailing at the -time did not encourage lowing we undertake to show the comparative consumpsuch an idea. The combination probably fixed upon a tion for the twelve months of 1885 and 1884, that of Demined.
—
—
—
—
—
—
I
January
88, 1888.]
cember of the same years, and also that
from September 1 to December 31.
Ixcembtr,
namely 1,191,598
Jan.
Dee. SI.
.lept. 1 (1
THE CHRONICLE.
for the period — 53,268 tons— but
1 to Dtc. 31.
1884.
168S.
Induction
st'k
188S.
1884.
1880.
Toru.
Tinu.
Tbtu.
'Jhtm.
885,715
968,788
874.681
748.330
8.66(1,438 1S,00;,<81 11,442,717 81,e83,58B|30,738,BUS
Thru.
718.899
JlHM.
670.408
a.M6.8SS
SuDplr
3,881.830 14,086,073 18,388,432 88,408,810 31,5<J5,32S
7IM,(M6
874,881
754,648
874.881
874,881
75I.M5;
8,(I«T,288
end of period
Consumption^^.
compared with 1883 is quite heavy,
If we take these same figures ia
as
tons.
connection with the totals of production above,
we
arrive
some interesting comparisons. Thus when production
increased from 29,120,000 tons in 1882 to 31,793,000 tons
in 1883, the Eastern competitive tonnage expanded from
at
.1nt)ini«lt< Coal.
t'Ok bOKlnnln«
of period
107
8.9I2.083I g,B07.140
13,381.588
80,630,644
Here we see that while for the twelve months there
was an increase in consumption of 1,100,000 tons, for the
September 1 to December 31 the
last four months
increase was 1,900,000 tons, making it clear that in the
first eight months consumption had fallen about 800,000
At first the very heavy
tons behind the previous year.
gain over 1884 was accounted for on the assumption that
A portion of the earlier demand had been held in check
by the current belief that the combination must break
when the months of heavy production were reached, and
—
—
tons— that is, nearly half
came from this Eastern competiWhen in 1884 the production went
12,018,000 tons to
of
13,148,000
the improvement
tonnage.
tive
down
30,756,000
to
12,009,856
;
in other words, the decreased production
entirely accounted
by
for
this
Following out the
tonnage.
was
decrease in the Eastern
parallel, the increase of 900,-
000 tons in the output for 1 885 should in like manner have
been reflected by an increase in the competitive tonnage,
but, instead, this tonnage
Hence
clear
it is
followed from a heavier
which
Whether the
is
shows a
that the
points,
who had delayed making purchases
ment
and in this way the normal demand
disappointed, dealers
tonnage
—somewhat more— to
ance.
thus lower prices ensue; but this expectation having been
Eastern
the
tons,
likewise fell off about a million tons
a
slight further decrease.
enlarged production for 1885
demand
for interior and
Western
circumstance of considerable importincrease has simply gone to aug-
been consumed, is a point on
began stocking up,
which the figures of future months may be expected to
of the summer and autumn seasons was greatly extended.
throw light.
But admitting that a part of the increase was due to a
As regards the production of individual companies, we
movement to replenish depleted stocks, such movement
have not the space for any extended comment, but give
cannot always go on, but must cease some time. And
the figures below as a matter of record.
The allotment
will
yet,
as
be seen, the
increase in consumpseems to have been closely observed by all the companies
tion in December was fully as heavy as in the months imexcept the Erie and the Pennsylvania RR.
The quota
mediately preceding and amounted to over 400,000 tons,
assigned to the latter was farcical at the very outset, and
on which basis the increase for a year would be close on
it is not surprising that that road has mined nearly a
Of course we know that there has
to five million tons.
million tons more than the combination had allowed it.
been some revival of business activity, a starting up of
Its production was 224,000 tons greater, too, than in the
various iron furnaces, and resumption of work by manuprevious year, and amounted to 3,393,685 tons, being
facturers of goods, but all this has been in a moderate
consequently heavier than ever before.
Thus the
way, and not on a scale that would cause any such increase
Pennsylvania, working outside the combination, becomes
'of demand as we now find.
We do not make the mistake
an increasingly important factor in the coal problem.
of assuming that an expansion in the quantity of coal that
The Reading does not seem to have mined its full quota
has nominally gone into consumption, but in reality
(on the 31 million basis), but at any rate put out half a
simply disappeared from sight, necessarily means a cormillion tons more than in 1884, the Lackawanna and the
responding expansion in actual consumption (that is, coal
Delaware & Hudson being the only companies that mined
burnt and used up), and yet if the increase is not to be
less than in that year, the latter but slightly.
Following
explained on that basis, nor on the theory that dealers
are the figures.
»nd consumers have been laying in increased stores, what
has become of the coal ?
Actual Production.
invisible stocks or has
'
This
'
'
much we can
say, for
we have
the
figures in sup-
port of the statement, that taking the year as a whole, no
part of the increase came from shipments to points in the
vicinity of
what he
Xew
calls
York. Mr. Jones gives figures showing
"Eastern competitive tonnage, including all
coal which, for final consumption or in transit, reaches
any
"point on the Hudson River, or the Bay of New York, or
* which passes out of the capes of
the Delaware," and this
'item for 1885 he makes slightly less than in 1884, namely,
11,956,587 tons, against 12,009,855 tons.
In view of the
'
'
increase of over 1,100,000 tons in the quantity of coal that
disappeared from sight during the year, these figures may
Xamt of Boad.
1885.
1
*
Including Cen tral of
New
and the state of
'
j
;
activity at
industrial
We
1882.
1880.
1881.
Tons.
9.404,063
4.394.533
3.530,348
2,674,705
1,864,031
1,138,487
411,094
Jersey.
THE POLITICAL OUTLOOK IN GREAT
BRITAIN.
nance with the facts as they appear to the ordinary investigator,
1888.
Total
31,623,529 30,756,993 31,793,021 29,120,092 28.500,028 ;i3,437,24a
Stock at tide-water
at end of year
754.545
871,681
748,830
582,116
467,024
500,878
seem surprising, and yet they are undoubtedly in consof
1884.
Tons.
Tons.
Tons.
Tans.
Toils.
Pblla.4 Reading". 11,680.780 11.163,920 12,232,401 11,211.166 11.025,808
Lehigh Valley
8.107,415 5,935,255 8,271.173 5,933.730 5,721,869
Del. Lack. & West. 4,987,834 5.204.362 5.079,122 4.038.717 4,388.96j
Del. & Hudson
3.301,873 3.362,679 3,512,971 3.203,168 3.811.406
Pennsylvania KB.
3.393,685 3,189,287 2,773,418 2.332.973 2.211.383
Penna. Coal
1,500,688 1.397.946 1,541,145 1,489,820 1,475,380
Erie
651,228
523.546
382,194
830.510
More than ordinary interest attaches
and manufacturing ment to British politics. No situation
at the present
mo-
of similar gravity
have had the curiosity to has presented itself in many years. It is impossible^
competitive tonnage for indeed, to contemplate the situation without feelings akin
some of the back years, and here is its aggregate since
to alarm
alarm not for the ultimate welfare of the three
this centre.
look up this item
of Eastern
—
1880.
1885.
Eaatern
tonnage
The
1883.
1881.
oompetltlre
)
11,B5«.B87
12.000.S55
total for 1885, it will
,of the five years given.
The
13.148,185
I
thus be seen,
decline
12.01S.7B4
is
(
I2.1rtB.OR0
the smallest
from 1884
is trifl/ng
kingdoms, but because of the trouble which is imminent,
and of the terrible ordeal through which it now seems to
be a necessity that they should pass. There are many
deep-seated evils from which the British body-politic is
suffering
—
ment and
evils
some
of
Constitution,
them inherent
in the
but not ineradicable
Govern-
from the
THE CHRONICLE.
108
Bame, and some of them the necessary result of a vast popuThe evils are
lation crowded within too narrow limits.
not new; but in periods of depression of trade they stand
out in bolder relief, because more keenly felt.
been formally
no ordinary one has been
It is in such circumstances Parliament has
no evidence
has
been
has
found
contrary,
favor
tantamount
in
that
and
very
is
to the
demand
the
Pamell
of
On
Scotland and England.
separate
a
Ireland
for
[Vol. XLII.
independent
looked
generally
dismemberment
the
Parliament
of the empire
upon
and
as
all
;
the indications of the moment are that no such demand as
That the situation is
by Royalty itself. Not in many years has the that which has been made by Mr. Parnell will be granted.
Queen been able so to overcome her desire for retirement A certain qualified form of local self-government is to be
as to preside at the opening of the two houses. Although extended to England, Scotland and Ireland but Ireland
she did not read the speech herself, her presence on the is distinctly informed that she cannot have her own will,
throne, accompanied as she was by all the leading mem- and that, satisfied or not satisfied with what is offered, she
bers of the Royal family, showed her keen appreciation will be compelled to keep the peace no matter what the
opened.
attested
;
—
of the
emergency of the
situation.
It is
not without
cost or
An
deep significance that the Queen has recognized the Marquis of Salisbury, as she has steadily refused to recognize
how
great the sacrifice.
entirely
new method
of
government is thus to be
The opinion prevails
adopted with regard to Ireland.
England that Ireland has been spoiled by too much
Mr. Gladstone, it is said, has been the over-inIf necessary, the rod is
80 "phenomenally brilliant," dukes, marquises, earls, dulgent and over-anxious nurse.
viscounts and barons being numerous among the guests. now to be applied, and Ireland must give up her boasting,
The assemblage of titled persons at the ministerial and bravado, and boycotting, and conform to the law. It
dinner,
and the presence of her Majesty at the is natural enough that Pamell and his followers should
Nor
Mr. Gladstone.
is
without meaning that the
it
dinner given by Lord Salisbury on
opening
of
Parliament,
both
They indicate
they have any meaning at
Wednesday night was
point
most
direction.
all,
in
same
the
unmistakably,
that
if
the conservative
and that, however the present difficulties are to be met, and whatever
concessions are to be made, nothing shall be done inconsistent with the dignity and integrity of the empire.
This
is the spirit in which the
Queen haa opened Parliament.
This is the spirit with which the Government confronts
spirit of the
the Houses.
British
This
is
people
is
aroused,
the spirit which animates the entire
in
coddling.
feel
indignant at such treatment
—
all
the
more so
hour of victory had arrived.
It
should fret and threaten rebellion.
natural
is
that
they
A new situation has
been created.
issue.
It remains to be seen what will be the
Mr. Parnell has a large following in the House of
He
Commons.
the ministry.
able to
make
can prove himself a thorn in the side of
But what
use he shall be
depend very much upon
really effective
of his following will
Mr. Gladstone and the Liberals.
If
Mr. Gladstone should
conservative interest of England.
refuse to lend his help to the Government, and
unnecessary to say that the question which takes precedence of all others, the question which rightly or
lowers should stand
It is
that
they had worked themselves up into the belief that the
by him, the Tories
if
his
fol-
will be compelled
to resign or to appeal to the people.
wrongly has been allowed by the legislation of the last
There is much uncertainty in all this. It is just possible
few years to force itself to the front, is the question of that Mr. Gladstone, dissatisfied with the Government prohome rule for Ireland. "What Mr. Pamell and his friends posals, may outbid the Tories for Pamell's support, and
exactly meant by home rule was for a time involved in that in spite of defection on the part of some of his
some doubt. Latterly, however, and particularly since supporters, he may be able to defeat the Government.
the elections demonstrated
old
A
doubt has general election will follow, and the Tories will ask the
been removed and all the world has been given to under- voters to say whether they are in favor of disintegrating
stand that home rule means an independent Irish Parlia- the empire.
We know how such a question was settled in
ment.
How far Mr. Pamell was wise or unwise in reveal- this country. Love of union is not less strong among the
ing his purpose so unmistakably, is a question on which British people than it is here; and it will not be wonderful
difierent opinions may be held.
There can be no doubt, if, in such an event. Lord Salisbury shall return to power
however, as to the boldness which the revelation implied. with an immense majority.
Happen what may, British
his
strength,
all
;
If it did not reveal
wisdom, it revealed confidence and
looked at from the British standpoint, it had the advantage of presenting a distinct issue.
"Nothing in the
world," said Mr. Pamell, "would induce me to
accept on
behalf of the Irish people anything but the fullest
;
politics are
certain to be lively for
some time
to
come.
A SOLUTION OF THE SILVER PROBLEM.
The country is again in the throes on the silver question.
Soon after the passage of the specie resumption act by
and Congress in January,
1875, the agitation began.
Ever since the panic of 1873 the people had seen hard times,
prices had declined, trade was stagnant, and they were
destinies.
What we want is that Ireland shall have the beginning to lose courage. Finally contraction and redemppower to make her own laws, without the bungling
and tion of the currency were decided upon. The law decreed
the redemption in coin of the legal tender notes (greenbacks),
fumbling and obstruction of an Imperial Parliament,
and
after January 1, 1879.
that to our people at home shall be handed
over the right
These promises of the Government, which had been unreof attending to their own concerns and
managing their deemed since 1861, were at last to be kept.
own business." Mr. Pamell has not, since he
As the time aproached we were told that it was impossible
uttered
these words, made any abatement of his
demands. Home to accumulate gold enough in the Treasury to give confidence
rule still means an independent Parliament.
in the stability of resumption. The silver dollar had been
demonetized in 1873, wlien it was worth in gold more than a
In a recent article in these columns,
it was stated with
hundred cents. But in 1877 its value, after many fluctuasome degree of emphasis that it was one
completest control of their own affairs.
What
for Ireland is that she shall have control
over
we want
her own
thing to demand tions, had fallen to about
ninety cents.
an Irish Parhament and another thing to
get it
Our silver mines were large producers, and under the influthat the
question which Ireland had raised
concerned not Ireland ence of protection to a home industry, the idea was conceived
alone, but Scotland and England
as well; and that no con- of again coining it as a full legal tender at its lowered value,
so that not only would an important industry be benefitted,
cessions could be made to Ireland
without the conbut the Government also could take advantage of the word
sent and approval of the other
two kingdoms. There "
coin" as expressed in the act, and pay its debts in a metaUic
;
January
'i3,
THE CHRONICLE.
1886.J
worth leas than was contemplated when the reeumption
law was passed.
These counsols prevailed, although the protests were many
and powerful.
The law was enacted early in 1878 which re(iaire8 the Oovemuient to purchase at least twenty-four million dollars worth of
At the
silver bullion per annum, and to coin it into dollars.
I'oln
present pric^o of silver, this
amount
coins into
more than
twenty-eight and a half millon of standard dollars.
The market price of silver, instead of advancing, has
steadily declined, so that the standard dollar of 412}^ grains
nine-t(>nths fine, is now worth less than eighty cents, but the
We
have coined already, up to
coinage goes steadily on.
Dec. Ist last, |215,759,43l, of which |78,170,570 remained in
the Treasury, the sole property of the Government, and for
which there seems to be no demand.
This amount shows an increase of the number on hand, not
represented by certificates outstanding, of more than nine
millions since
June 30
last,
How can we get this
equal to four months' coinage.
large
amout
of unused silver into the
we do about the future coinage ?
These are the problems we have to solve.
It seems evident that if we continue the system at present in
currently,
and what
vogue, but
From
little
shall
more can be
circulated.
the reports lately presented to Congress,
we
learn that
the currency of the country amounts to more than $1,500,000,and paper. The paper is trans-
000, consisting of gold, silver
mutable into gold or silver, at the option of the Government ;
the silver cannot be changed into gold, although the gold may
be changed into either. This uneveimess does not fulfill the
wants of the people at all times.
In case of an adverse foreign exchange, we must export
gold
our depressed silver dollars will only be received at their
bullion value, which is now about 80 cents, a loss to the holder
in that case of twenty per cent.
This need not be considered an immediate danger the real
danger lies in the continued comage, in an increase of silver
dollars so great that the Government would be either in the
;
;
condition of
Germany, with a large amount of
in that of France, with
silver to sell, or
a large amount of useless silver on
hand, and the danger of returning to a depreciated currency,
which with our experience from 1861 to 1879 we have no
to
desire to return.
The consequences
to a large portion of our population would
Consider the loss ti the three millions of
working men and women who have deposits in the savings
banks, little sums laid up by each one against a future time of
be too disastrous.
sickness or need.
109
We cannot think
people
who
insist
so meanly of them. Who, then, are the
upon the continued coinage ? Are they not
the owners of the poorer producing stiver mines, or the uninformed and thoughtless? for many of the richer prodadng
silver mine owners are in favor of stopping now in order that
a common agreement may be aranged among the nations.
The friends of the compulsory coinage law claim that we are
a silver-producing country, and should therefore make as
much use of it as possible. We have tried the present experiment for eight years, and the results expected by the silver
mine owners have not been realized, ^Fine silver has steadily
declined in market price since November, 1879, from f 1 16 1-3
per ounce, to $1 03 3-8 in December, 1885,
The people have shown no ardent longing for the dollar of
the fathers foreign nations with whom we trade have rejected
all our overtures to re-establish it on its old basis as a legaltender between us, desiring rather to wait and profit by our
experience. We may have kept silver from falling as low in
price as it might have done without our action, but if it is for
the mutual advantage of the nations to again use silver as s
full legal-tender, why should it be brought about at our sole
cost and nsk.
We have already supplied our own wants, why not stop the
;
coinage now f If the price of silver continues to fall, and it
should be for our or the mutual interest hereafter to renew
the coinage, we can again resume it after negotiations, or when
our need is made apparent.
It would seem proper and best for Congress at once to repeal
the compulsory coinage act of February, 1878, and as fast as
the legal-tender notes of the denominations of one and two
dollars are sent in for renewal, the amount of which is about
forty-six millions, to replace
them with
silver dollars; like
action to be taken with a sufficient amount of the five dollar
notes, to absorb the balance of the seventy -three million silver
dollars belonging to the Treasury.
If the coined dollars are objected to on account of bulk and
weight, silver certificates might be issued to represent them,
of like denominations with the retired legal tender notes. The
smallest silver note
now
authorized
is
of the denomination of
ten dollars.
Let gold, silver dollars and legal tender notes be made interchangeable by law, giving to the holder of each the right to
demand from the Treasury at any time the exchange of one
for the other.
If the one, two and five dollar silver notes are not issued in
excess of the present or increased needs, from time to time, of
the population, they will all be absorbed in the currency for
domestic exchanges, and the time will never arrive, probably,
when gold will be demanded in exchange for them merely for
the sake of handling it, as two hundred and fifteen million
silver dollar currency can always be kept afioat should any
doubt arise on this point, the issue of legal tender or national
bank notes of denominations below ten or twenty dollars
The eum of these savings aggregates 11,095,173,147
the
and loss on this at twenty per cent, would bo two
hundred and nineteen million dollars, deducted from the labor
of years in addition to that, twenty cents loss on every dollar
they could earn until the equilibrium was restored between a
depreciated currency and the rate of wages.
might be prohibited by law.
Consider, also, the loss to all those living on fixed salaries
If in the future, by increased domestic activity and populaand incomes, such as clerks, widows, orphans, clergymen and tion, a further amount of silver dollars should be required,
professional men.
authority might be given for the additional coinage, on a
To the beneficiaries of life insurance policies and annuities) deposit of gold coin or gold bullion at the option of the
aggregating an enormous number.
Government, which would first assure itself that it
It has been said that the debtor class are in favor of the conwas needed in the currency, and not coin the dollars
;
depreciation
;
;
',
.
tinued coinage of the silver dollar. Who belong to the debtor
Not the savings bank depositor, for he is a creditorThe ordinary working man and mechanic pays his landlord
at the request of speculators for
for rent often in advance, and the supplier of his household
necessaries gets paid as often as the wages are received,—say
once a week he has no credit beyond this, and cannot therefore be fairly ranked in the debtor class.
demanded.
class?
;
The debtor class must then be the more wealthy; the
merchant who borrows money to increase his business who
has property of some kind which gives him credit who agrees
to pay a certain per cent for the use of money in order that
he may make a greater per cent by the use of it.
The raih-oads and other rich corporations, who borrow to
get gain, must likewise belong to this class, and so must the
men of Wall Street, who deal in stocks, by paying down ten or
twenty per cent, and borrowing eighty or ninety.
Are ttiese classes in need of our sympithiea, are they in
;
.
;
need of Government interference to enable them to pay their
Are they dishonest enough to wish the Govern?
ment to reduce the value of the dollar in which they are to
pay below the one they borrowed ?
just debts
a
rise
then destroyed on the issuing of small notes
With
Or, the
in silver.
larger denominations of silver notes could be
if
exchanged and
they only were
the modifications suggested, a composite legal-tender
established, with three kinds of currency floating
together of equal value in the estimation of the people, and the
danger of losing the most valuable one by an adverse foreign
would be
exchange would be dispelled, and the doubt and hesitation now
so general on account of our deranged currency would vanish.
Should England, Germany and all the gold standard nations
increase their silver coinage to an amount somewhat less than
the requirements of each for its domestic exchanges, many
millions in value of silver bullion
would be required
larger
;
markets and increased demand would advance the market
price and tend to keep it steadier in value. The use of gold
would be economized, the fear of scarcity of this metal
would be allayed, silver being used to a greater extent, and
each in its proper sphere but by their ability to be interchanged the standard would be gold, and the final solution
of the silver problem, which now vexes the world, would be
;
found.
January, 1886.
John
41
Broad
P.
Street,
Townsend,
New York
City.
THE CHRONICLE.
110
[VOU
XS-II.
The firm mentioned say, in explanation, that experience
abundantly proves the output is not always in exact propor-j
tion to the furnaces extinguished, as it is the worst which are
rCommunloated by our London Correspondent.]
behind it blown out, and the reduced number appear to increase theii
It is scarcely necessary to say that 1885 has not left
many bright memories. We can best describe it as a year of output. The comparative statement of production, &c., is
GREAT BRITAIN IN
1885.
deferred hopes. January began with a hopeful feeling prevaaffairs had
lent, for the very low condition commercial
seemed naturally enough to give promise of a
reached in 1834,
speedy favorable reaction. The realization did not come, but
in its place came first anxiety and then almost a panic early
in March because of the Russian advance in Central Asia;
thereafter for a long \\m.Q political affairs were very complicated, the public groping in the dark as it were, uncertain
where the next step would
lead,
knowing
this
much
at least
as below.
anew by the preparations for, and subseby the occurrence of, a general election, the
disappointing because so
results of which have been so
undecided, suggestive of wide differences an d fruitless agitation, ending perhaps in another election. We might also have
mentioned the Bulgarian and Turkish dispute growing out of
the Roumelian revolution in September, and the war between
Servia and Roumelia subsequently. Those events threatened,
and even still threaten, by the reopening of the Eastern question, a European quarrel
but this latter contingency, though
all the time possible, has appeared quite remote, and not certain,
even in case of its extending to other powers, of involving us
agitated
;
directly, so that its influence has been less important. Besides,
as the armistice has been extended to the 1st of March, the
chances of a final settlement of the affair seem much increased.
Another disappointing, and in many departments of trade,
1882
I
*
:
Estimated.
Exports of pig and rails have further declined, almost every
country sharing in the decreased demand, the total of iroit
and steel being in 1885 less than in 1830, as may be seen from
that our relations with Russia, in connection with the Afghan the following:
frontier, were very much strained.
Scarcely had this uncertainty been removed by what was Iron and Steel from
Great Britain.
claimed to be a definite arrangement of that difference, when
a Cabinet crisis gave us a change of ministry and fresh J8S5
anxiety not only as to that settlement, but as to the effective- 1884
1133
ness and permanency (in view of the opposition majority) of 1883
domestic or foreign the new administration 1S81
any policy either
1880
Events had scarcely time to prove these 1879
might adopt.
to be 1878
began
country
fears groundless,
when the
quently
1883.
1834.
1885.
Fig Iron.
tons >7,450,000 7.528,966 8,190,224 8,493,28'.
Production
Stocks at end of year.. .tons. 2,850,000 1,801',467'I,663.976 1,658,12(1
428. Id.
469. 9d.
418. lOd.
498. 4d.
Average price Scotclipls
1877
1876
1875
1874
1873
Otlier
Descriptions.
Pig Iron.
Balls.
Tons.
960,160
1,269,576
1,564,048
1,758,072
1,480,196
1,632,343
1,223.436
924,646
881,442
910.H05
947,827
776,116
1,142.065
711,415
728.540
971,165
936,949
820,671
693.696
463.878
441, 3H4
497.924
414,558
545,931
782,665
785.014
The competition
Tons.
Total.
Tons.
1,456.826
1,497.439
1,508.095
Tons.
3,128,401
1,65'<,531
1,517,45,^
4,353,55i'
1.466.055
1,196,170
933,193
965,215
899,809
963,498
6Z1.711
1 ,030,73 4
3,79J,99i.
in the iron trade of
3,496,99Ii
4,043,30;
3,820,31;
Germany
2,833,48V
2,296,86(
2,346.37(
2,224,47('
2,457,30(
2,487,.>2ii
2,957 ,91i,
is
the
pair'j
now. Germany's increase in produci
tion has been constant, even during late years, when every
where else has been falling off, and yet as a competitor in,
neutral markets we do at present see much fear, since ib'
exports have not increased in fact they are not large and
Germany's production of pig
appararently becoming less.
exports of pig, &c., have been as follows for four years.
ticular complaint just
;
1885.
1884.
1883.
1882.
j
Production of pig
Exports of pig
Exports of rails
•Estimated.
In like manner
tons. •3,750,000 3, 57.',155 3,380,788 3,170,95';'
230,000 258,460 lHe,94ll
tons.
144.450* 176.170 180.65<(
tons.
I
'
'.
very disturbing, circumstance, has been the great decline in
we might review other trades, reaching sun;
silver there was almost a panic in the city in September ilar conclusions, for the year has been quite generally disap'
growing out of it. Our exports to India and China and all pointing. Iron and cotton goods have probably suffered most'
silver countries are more or less interfered with and interrupted but the demand for all our products, both home and foreign, hat
by the unsettled state of that market. A steady price, whether been sluggish, with prices tending downwards and profits con!
a low or a high one, the merchant can provide for; but a sudden sequently at a minimum, Though the figures of total exports!
change means a loss somewhere, and generally to the exporter. because of the lower values, do not strictly repre?ent tha
So as long as these fluctuations continue, our trade must suffer. relative movement compared with previous years, yet the
Probably the manufacture of cotton goods has fared worse from following statement of imports and exports indicates pretty!
this cause than any other in fact, it has had to contend in clearly
what the general trade situation has been.
a greater degree than most other articles with all
of the difficulties we have before mentioned, and as a conse1883.
1885.
1884.
quence has met with a very unsatisfactory year. Goods have
EXPOKTS—
g.
237,799,475
233,025,242
213,031,407
found a slow market all the time, and stocks of many descrip- Home products
ResUlpments of Imports
85,837,590
57,903,529
62,942.341
tions have accumulated. It was the over-production of yarns
—
;
I
and the reduction of wages which it led to, that resulted in
the strike in the Oldham district, lasting for three months, and
stopping 7,000,000 spindles. The depression that has prevailed
is well indicated in our exports, which were as below for f our
years.
Exports of
Cotton Piece Goods.
White or
plain
1885.
1884.
1883.
1882.
Total goods
yards. 4,374.478,800 4,417,280.000 4,538,888.500 4.3(8,764,000
Total yams
Values.
Total piece goods
Total yarns
lbs.
245,732,900
270,901,600
£
£
264,772,000
£
238,254,700
£
51,665,623
66.534,166
13,818,078
18,509,732
12,864.711
65,478,701
69,043,898
88,307,496
53,442.785
The iron trade has also been steadily growing worse all the
year through, until just at the close, when the reported
revival
of business in the United States and considerable
purchases of
English iron have resulted in-the prevalence of a more
hopeful feeling.
Messrs. Fallows & Co., in their annual review
just issued, estimate the production of pig iron
in 1885 at
7,450,000 tons, notwithstanding the falling Off in
furnaces in
which
falling off
was aa follows.
Jan.
Furnaeea
In blaat
295,967,583
373,834,314
389,774,549
Excess of imports.
102,899,379
9.'i,806.966
I
456
July
1,
[
427
425. 603,93^
I
122,166.863
To the above we should add that, as to prices, the level,
the year closes, is in some departments considerably abovi'
ai'
the lowest.
Wool
is
better than
it
was.
rates current at
Among
tliis
metals
time
tii!
last yeai
£20 per ton, but in copper there is a fall of £6 to £'
is weaker, though the difference in price
slight.
Of course, quotations of agricultural produce renuuij
low. The average of home-grown wheat for the seasoa i
fully Is. per quarter lower than it was a year ago oats am
of £18 to
per ton
;
iron also
ii|
barley are also cheaper.
All this to be sure is well for the con)
sumer, but at the same time the agricultural community suffer
materially, and as they represent a large section, while thei^
interests are depressed the general trade of the coKOtrl
cannot prosper.
Stock Exchange business during the earlier part of the yeai
was extremely quiet with a weak tendency, except for guaranj
teed government issues and the debenture and preference
securities of English railways.
Later on there was the ruslj
for American railways, due to the settlement of the war o
rates and the improving prospects of American trade. TW
been the establishment of a very substantial advanra
Another circumstance has been the revival o
the demand for Indian gold mine, baaed on the receipt Oi
result has
J.
303.437,071
|
;
48,873.986
11,859,113
60,133,039
,
Total value
blast,
270,934,935
IMI'OKTS—
shows an advance over the
yards. 3.150,113.700 3,095,353,700 3,136,180,200 2,860.647.000
yards. l.aai, 160.300 1,321.645.500 1,370,932.200 1.348,223,000
yards.
204,800
880,800
22.776,100
39,894.000
Printed or dyed
Ulzed materials
Total e.xports
Total mercliandtse.
Deo. 31
420
in prices.
January
m
THE CHRONICLE
38, 1886.
BANK or EHULASO KATE Or
English railways have not a*
iTicoura^ing crushing reports.
IlfTCBBST.
much,
a rule Tariud
Rate
per
A
Te*r,
marked feature of the year has been the frequency
(if colonial borrowings and
the ready response accorded to
itieni.
Very wisely, the coUnies and India have taken advan- Jan. I1880.
to June 17.
Juno 17 tol)eo, 0.
tjige of the money market to obtain the needful advances on
to Deo. 31.1
have been the case had dis- Dec,
much easier terms than would
Year's averitge.
lount rates boen sustained by average trade conditiouB, For
loan to be covered three or four times over has been by no
I88I.
1 to Jan. 13.
Whether the colonies are Jan. l:itoI'eb. 17.
means an uncommon occurrence.
Jan.
1883,
Feb. 14 to Feb.
Fch. 28 t<i MuT
May 10 toHepl.
3
Sept.
Sept.
. .
is a matter of opinion;
a prevalent idea that New Zealand is
going ahead too rapidly, and a little less readiness to incur
liability until the improvements
resulting from previous
borrowings have had time to consolidate and fructify would
he considered a move in the right direction.
New South
Wales and Queensland may do with impunity what might be
>.)ked upon as rash on the part of a colony situated as is New
.aland. The extent of the Colonial and Indian borrowings
uring the year is shown in the following table.
right in pledging their credit so freely
certainly
is
Fub. 17
Apr, 28
Aug. 18
Aii({. as
Oct.
«
ISdaya!
35 (lay
3
Uig
to Apr. 28
to Aug. 18.
to AiiK. '.!5
to Oct.
6.
to Deo. 31.
II
3
7()dayB
112 ilaye
7 days
42 daya
86 days
3
4
5
Yonr'g average
Rate.
Dute.
Amount Amount
Keqnlred OITered,
Mlnl-
mum.
|
I
I
Per Cent.
£
Per Ct
y
of Auckland
Jan.
Jan.
iMay
6
4
May
'w Zealand
>:iialcii
torla
eesland
'V
30,
B
4
4
16
4
4
jJan.
6:
Zealand
June 4
Australia
Ijune
u est port (N.ZOHiirlib
Inir
Board
9
June
reymouth
li
9
U
.CerloD
India
1,000,000; 8,891,000,
jJune 19
June 29
..July 3
July
4
9710
1,560,400
3,aoo,ooo
98-10
303,100
100,000
278,200
IlX),000
3,500,000
300.000
538,600
1,148,300
14
July
3
5
S
So.
Trnst
Uanltoba
{not. 17
Dec. 10
8«
4«
1,338,700!
268.000
5,500,000 12,380,000
35,000'
74,100
80,000,
200,000
per rent of the
Teiiiiors at
I'ru'.'.'i
SiW
ranited
Ti-n.iers at
9
6s.
M.
fmm
iiOO
amount applied
14
Tenders at £108
ISs.
Year's average
Excess imp'rts.
May
28.1 2Hl
24 days
21 daygi
I
£
1883.
882.
1
£
041,944
1,443.000;.
000,000 first mortgage bonds at 95 per cent.
Turning to
,iome affairs, the Commissioners of Sewers for the city
of
oondon placed £1,000,000 bonds, bearing 3^4 per cent interest,
,it an
average of £96 10s. lid. per cent. The Metropolitan
^oard of Works raised £1,750,000, being three percent, at an
tverage of £97 13s. lid. per cent, and there
have been other
ninor operations equally successful.
1885.
"a
£
Jan. 7.. 25,2
'•
14. 24,7
21. 24,3
" 28.. 24,0
Feb. 4.. 24,3
" 11.. 23,8
" 18.. 23,5
" 25.. 23,4
Mar. 4.. 23,8
" 11.. 23,5
" 18.. 2,3,3
" 25.. 23,8
Apr. 1.. 24,9
"
8.. 24,9
" 15.. 24.6
" 22
24,4
" 29.. 24,6
May 6 24,9
13. 24,6
20. 24.4
' 27.
24,2
Juno 3.. 24,9
" 10
25,0
' 17. 24,7
" 24.. 24,9
July 1. 25,8
"
••
8.
2.i,8
"
15.
25,4
29.
23,1
" 22.. 25,1
"
There has been no financial pressure experienced during
the
on the contrary the difficulty has been to know what
to
ilo with balances.
Still
the Bank of England rate has
/veraged about the same as last year, the necessity
for projecting the Bank's reserve having led
to frequent changes,
Ar open market underbidding it all the time. The
Bank's
2fi..
Si-pt. 2..
bullion at the
Oct.
•oar;
opening of 1885 was £30,695,406 and the ofliciai
ate 5 per cent; subsequently the bullion
increased largely,
Aug, 5.. 25,7
"
"
compiled
he following, giving each change
since Januarv 1, 1880, the
of days each rate ruled and each year's
average rate.
25,5
25,1
24,8
25.1
u.. 24,7
"
"
16.. 24,5
23.. 24,3
30.. 25,2
7..
14..
21..
28..
4..
11..
IS..
25..
with the stock only £30,115,228 and
Bank
12..
19..
"
:eaching on the 24th of June £33,116,673, the
Bank minimum
'eing then 2 per cent; thereafter the
decline in the bullion
rate 4 per cent.
To show the variations in the
ate this year, compared with previous
years, we have
£
2,352,110
1,293,000
5,535,881
IN 1885.— [00,000s omitted.
Dec.
2..
9..
16..
23..
30..
25,5
25,1
25,0
24,6
2.5,0
24,7
24,4
',24,1
24,5
24,1
24,0
24,4
24,5
£
20,7
21,1
21,6
22,2
22,5
23,0
23,7
24,2
24,6
25,1
25,9
26,0
2i,7
25,3
2.=.,6
25,9
26,9
27,0
20,4
26,6
26,8
27,1
27,5
28,0
2H,1
27,5
27,2
27,5
26,9
26,6
25,8
2,5,1
25.5
24.8
24,4
22,9
22,9
22,4
21,9
21,4
21,5
•-'0.9
20,7
20,6
20,7
20,9
21.3
20.9
20,6
20,5
20,3
20.1
SR
o
« °
O
£
7,0
4,8
4,8
6,0
7,1
8,3
9.7
10,8
11,3
11,8
12,3
11,9
11,2
8,4
8,0
8,7
8,9
8,6
8.3
7,8
7,5
7,1
7,7
7,7
7,9
6,4
6,2
4,9
5,7
5,3
4,7
4,2
4,2
3,6
3,2
4.4
4.0
4,4
5,7
5,6
3,7
3,0
3,0
3,1
2,9
3,1
3,0
2,8
3,2
3,0
3.6
4,0
31,1
31,0
28.8
29,0
28,5
28,0
29,6
31,2
29,6
27,0
25,9
25,1
24,1
24,8
24.3
23,2
23,6
23.2
25,0
«
233)
O
£
26,8
24,6
25,1
24,6
22,9
23,5
23,3
24,4
23,8
25,0
24,8
25,3
25,6
25,7
26,6
26,6
26.4
26,5
26.2
27,3
27,9
28,1
27,4
2S,3
28,2
29,2
32,3
34,2
33,1
33,0
32,2
30,2
30,6
I
Securities.
3a a
i§ *
S
to renew their bonds and stocks at 4 per cent, and in
He latter part of July the Canadian Pacific Railway
issued
umber
j
Deposits.
in full.
,!lected
Bank
to
o
cent loan for £808,900, receiving applications for £2,500,000
Towards the end of May holders of Canadian 5 per centg
29 daya
49 daya
49 daya
7 days
14 daya
16S days
35 daya
14 days
to Nov. 12.1 2
Nov. 12 to Dec. 17. 3
Deo. 17 to Deo. 31.1 4
full.
J«r
he
May 14
May 28
1884.
3
The Egyptian guaranteed
vas rapid, the year closing
I
I
BANK OF EXGLAND
country amounted
M something like £40,000,000, about a similar amount being
ipplied for abroad.
Two Chinese loans, the first for £1,505,000
n a 7 per cent issue, and the second a 6 per cent issue fo
£2,250,000, have been introduced— the issue price in each case
Jeing 98— and were very successful.
Chili introduced a 4%
56 daya
2-96 366 days
Year's average
The following is a statement showing the situation of the
Bank of England each week of 1885, with the Bmk and
market rates of discount at the same dates, taken from the
London Statist
and those at £108
3 per cent loan for £9,000,000
oroved the greatest financial success of the year. The price
Of
:asue was 95i^, and the applications in this
112 daya
20 daya
7 daya
11,374,00010,720,000 7,733.309 14,375,914 9,9«-',958
11,931,000112,013,000 7.091,365 12.0^3,801 15,498,937
Elf ess exports.
per cent, and abore that *^
price
and upwards were allotted
4'15|365 days.
B
91
for.
:
38 dan
3.5 days
20 daya
78 daya
Year's average
2'92i.J65 daya
In June and July, 1885, the open market rate for 3-months
bank bills was all the time under 1 per cent; for more than a
month it was only ?^ of 1 per cent, being quoted one week
at 11-16 of 1 per cent; and from about the 1st of May to the
1st of November the exceptions were very few when it got
above 1}4 percent. The changes in the stock of bullion in
Great Britain, so far as they are indicated by the imports
and exports of bullion, have been as follows since 1880,
;104
in full,
—
|
I
Imports
Exports
7 8
Apr.
Juno
1 4 daya
99 daya
8-57 365 day*
1884,
1 to Feb.
7. 3
7 to Mar. 13. 31s
13 to Apr. 2. 3
2 to June 19. ,2>«
in to Oct
9. 2
9 to Oct. 29. 3
29 to Nov. 5
6 to Deo. 31
|
1883,
Jan.
1 to, fan. 2^. 5
Jan. 24 to Feb. 14.14
91
lOS
3I9
3
i
1885.
99
'.1
3
liiHept.
27 lo Dec,
14 days
188.1,
14 days; Jan.
1 to Jan. 29. 5
147 days' Jan. 29 10 Mar. 19 4
28 daysl .Mar. 19 to May 7. 3>a
lO-i days .May
7 to May 14.1 3
Mar. 23 to Aur, 17.1 3
Aug. 17 to Sept, 14.; 4
Sept. 14 to Dec. 31. 5
104
101
690,000
Mar.
Nov,
I
Gold—
85
Jan.
Feb,
30 days
21 days;
SO. ,5
Jiin, 30 to Feb. 23. 6
Feb. 23 to Mar. 9.1 5
Mar, OtoMar, 23. 1
1 trO.Tan.
100
100
101
received about 30 per cent above in
i:»7 10s. to ilOO Is. ed.
lus. 6d. received about 95
n full.
1
93
98
101
250,000 2,148,8001 101
233,300;
418,000 10510
•Tenders at and aboTe 4109 received allotments
*
95
99
99
85
7,385.000,
.luly
i
9S
9710
392.800
Mclbuurne Aug. 7
Kew South Wales ....' Oct. 7
Batumas
Oct.
8
Ouborne (N. Z.) Uar-j
bor Board
'Nor.
Uelbourne Harbor
:
85
525,000
525,000
4,000,000 12,000,000
4
,N»t»l
<^. H,!., 113
97
1,500,000; 8.800,000j
4
4
3
5
1
9;-io
ISO.OOOi
130,000j
160,000
4
Napier Harbor Board
1
Ct.
(N. Z.l
HarbAf Board
Western Australia
Canada
Dty or
il'er
4,000,000 11,^00,000
8,500,000' 3,933,800
11
June
£
117,000; 103
23,000
4
1
1882.
Tan.
Arerago of
Allotment.
[
Oct,
Oct.
3-48 3t5 days
[
D«9Crlplton.
i:i
14 days
71 daya
126 ilays
5
]
Year's average.
;i
there
For
oeot.
15,7
14,6
13,6
13,6
13,6
14,0
14,0
14,0
14,0
14,6
14,0
14,6
14,7
14.2
14,4
14,4
14,4
14,5
14,1
14,1
14.1
14.3
13,7
13,7
13.8
13,8
17,0
17,0
17,0
17,0
17,6
15,9
1.5,6
15,9
16.0
15.1
14.9
14,9
17,2
lfl,l
18,5
17,5
15,2
15,1
14.3
13.0
12,3
12,7
12,5
11,8
11.5
12,0
£
2t,9
20,9
21,4
21,1
20,6
21,1
21,2
22,7
23,1
23,3
22.7
23,1
24.1
21,7
21,4
21.5
20,7
20,7
20,7
21,0
20,8
20.8
21,0
21,1
21,2
22 2
22!3
22,3
22.3
2'2.1
21,5
21,3
21,2
21,2
2;,
22,7
22,5
22,6
22.5
22.3
£
3'»w
4
12,1
13,0
13,9
14,0
14,9
15,9
16,5
16,5
17,4
18,3
17.9
16,5
16,2
16,7
17.2
18,0
17,8
17,5
17,9
18,4
17,9
18.2
19,0
3»g
338
3J«
338
3%
3>a
3>s
3
3
2\
2H
2%
3
212
2=8
2»i«
I's
138
I'S
15„
I
18.9
17,4
17,1
17,8
17,5
17,2
15,9
15.4
16,1
15,7
15,1
13,9
14.1
13,8
i5:>*
1>4
1'4
1>»
1»1«
1\
1"8
l>a
12.4
11,7
22,
12.1
21.7
20.8
20.4
20,4
20.0
11.7
11,8
11,3
11,7
12,3
12,9
12,2
19.5
122
20,2
20,3
23,4
12,3
11,6
11,3
19.8
19,7
Pr.ct.Fr.ct.
11,3
1>«
1
1>8
!>
l'»U
21a
2>a
2>*
3%
3»8
3
THE CHRONICLE.
112
[Vol. XLII.
of gold can load and unload. To this point the Old Dominion SteamThe situation of the Bank of France, as to its stock
running a regular tri-weekly line of steamers
returns of each month of ship Company is
and silver, according to the last
stated m from New York. The Peninsula Extension has been in operafollowing,
1883, 1884 and 1885, may be seen in the
tion since the spring of 1832,
pounds sterling.
In the meantime plans had been laid to extend the system
FBANCE.-TOO.OOOS Omitted.]
GOLD AND SILTER IN BAKK OF
To this end the
beyond Louisville, further west and south.
1883. Gold Sllv'r Total
.Gold SUv'r Total
1884.
1888. Crold.SllT'r Total
Paducah & Elizabethtown and the Memphis Paducah &
£
£
£
£
£
£
Northern were purchased and consolidated into the Chesapeake
81,3
77,8 Jan. 31 38,2 43,1
81,1 Jan. 31 38,1
Jan. 30 40,0 41,1
Ohio & Southwestern. The road first named extended from
79,6 B-eb. 28' 89,6 43.4 88,0
39,5 40,0
81,7 Feb, 28
Feb. » 40,1 41,6
82,0
40,1
80,3 Mar 30, 89,0 42,1
82,8 Mar. 27 40,2
Elizabethtown, Ky., to Paducah, and the line of the Memphis
Mar. 26 40,4 42.4
27' 40,0
81,8
41,8
80,2 April
84,6 April 24| 40,1 40,1
42,5
April 30 42,1
Paducah & Northern ran from Paducah to Memphis, but was
82,3
42,0
Si] 40,3
May 88 43.6 42,9 86,5 May 29 41,4 40,5 81,9 May
82,2
This
42,0
111 two sections, with a large, unfinished gap between.
82,4 June 29 40,2
26! 41.8
40,6
June 25 46,0 43,3 88,3 June
81,2
82,4 July 26 39,7 41,3
40,6
89,6 July 31] 41,8
Jnly SO 46,3 4!l,3
gap the Chesapeake O. & Southwestern completed, and it also
80,6
83,1 Aug. 30 89,2 41,4
41,1
00.9 Aug. 28! 42,3
Aug. 27 46,8 44,1
leased from the Louisville & Nashville, at a rental of |60,000
80,1
41,1
83,6 Sept. 27 39,0
41,1
91,2 Sept. 25. 42,5
Sept. 2J 47.0 44,2
Oct. 25 38,6 40,7 79,8
per annum, the Cecilian Branch, running from a junction
89.7 Oct. so! 42,2 41.1 83,3
Oct. 29 45,9 43,8
1
1
i
i
Nov. S» 43,&
43,7
90.2 Norv.
Dec. 81 46.3
43,4
89,'
CHESAPEAKE
Dec.
<&
29| 41,3
25' 40.0
82,5
41.2
41.3
!
Not. 29 38,4
81.9 Dec. 27
88.4
40,3
78.7
40,1
78.5
OHIO RAILROAD SYSTEM^
The welding together of the different Huntington lines east
of the Mississippi River into a united and compact system, to
be operated under a single management, is no longer a subject of mere speculation, but apparently an event that will
soon be accomplished. Mr. Huntington's plans are gradually
developing, and this week meetings of the stockholders of the
Chesapeake Ohio & Southwestern and Elizabethtown Lexing-
&
Big Sandy, called for that purpose, ratified leases of
ton
those roads to the new company that is to operate the consolidated lines. This new company is named the Newport News
point six miles west of Elizabethtown to Louisville, thus giving
the new company a line all the way from Louisville to Memphis. The line was regularly opened for business August 17,
&
and as a result the Chesapeake Ohio had its connections
further increased, and was afforded rail communication
1882,
etill
with Memphis.
But the policy of extension did not stop there. The Chesa& Ohio was to be given the benefit of a line all the way
to New Orleans, and this it now has, for the Louisville New
Orleans & Texas, an entirely new road, between Memphis and
New Orleans, was opened for business in the autumn of 1834,
and since then the southern terminus of the Chesapeake &
Ohio system has been on the Gulf Coast at the Cresent City.
peake
This Louisville New Orleans & Texas road also acquired
and it will, it is believed, have control of an old existing line, the Mississippi & Tennessee, runthe control of all the roads with which Mr. Huntington is ning south from Memphis to a connection with the Southern
line of the Illinois Central at Grenada, Miss.
identified east of the Mississippi and south of the Ohio
The Kentucky Central was another accession to what may
forming a continuous line of road from the seaboard at NewThe
I)ort News, Va., to the Gulf Coast at New Orleans, and con- be called the Western system of the Chesapeake & Ohio.
necting at the latter point with the Southern Pacific Company Kentucky Central was valuable in securing to the Huntington
lines for San Francisco, and giving a complete all-rail route, roads the outlet that the Elizabethtown Lexington & Big
Sandy had to rely on to reach Cincinnati — in reality the road
under one control, from ocean to ocean.
When the Chesapeake & Ohio was reorganized in 1878 it extends only to Covington, this side of Cincinnati— but the
was a local road and nothing else. It had no western con- road was soon made available in other directions. It was in
nections whatever. It extended simply from Richmond, Va., 1885 extended from Paris, Ky., through Richmond, to Livto Huntington, W. Va., there being at the latter point no rail ingston, Ky. At the latter point junction is made with the
communication with any other road. One of the first things branch of the Louisville & Nashville that connects with the
to be done was to extend the road further west, beyond Hunt- East Tennessee system, and by means of this latter system the
ington, to points where southern and western connections Chesapeake & Ohio is placed in favorable communication with
could be bad, and this the management was not slow to do. the wliole of the territory drained by that system in Eastern
The work was not undertaken by the Chesapeake & Ohio Tennessee and in Alabama and Georgia. By passing through
itself, but by companies separately organized for that purpose,
Richmond, Ky., the extension also carries the Kentucky
the Elizahethtown Lexington & Big Sandy being the title of Central to Stanford, from which point to Nashville the prothe company to which was delegated the building of the par- posed Chesapeake & Nashville is to run. When the Chesaticular extension in question.
The termini of this road are peake & Nashville is built and reports are that work on it is
intended to be indicated in the name, but the whole of the being actively pushed forward the Chesapeake & Ohio will
line as projected has not yet been built, an arrangement for by that route be placed in excellent position for the business
the U8e of the tracks of the Louisville & Nashville having been and traffic of Nashville.
& Mississippi Valley Company,
—
made for points west of Lexington, so that at present the
road runs simply from Lexington to the Big Sandy River and
thence over nine miles of the Chesapeake & Ohio proper to
Huntington, this latter piece having been built by the Chesapeake & Ohio subsequent to the reorganization. The Lexington & Big Sandy road through to Lexington was completed
towards the close of the year 1881, and that was considered
an event of great importance at the time, for in connection
with existing roads it placed the Chesapeake & Ohio in communication with Louisville and Cincinnati, both large traffic
and business centres. A little earlier in the same year the
Scioto Valley, in which Mr. Huntington had acquired an
interest, had been extended down the north bank of the Ohio,
from Portsmouth to Petersburg, O., where it joined the Elizabethtown Lexington & Big Sandy, so that the Chesapeake &
The extent
—
of Mr. Huntington's interest in the Cincinnati
&
Chicago is not precisely known, but
Indianapolis St. Louis
it is evidently considerable, and this road is another now
Ohio. It
operated in close alliance with the Chesapeake
affords the latter connection not only with such points as
&
Columbus, Lafayette and Indianapolis, Ind., but carries the
system all the way to Chicago. In the Columbus Hocking
Valley & Toledo and Toledo & Ohio Central Mr. Huntington
has no direct interest, but a traffic arrangement between the
Columbus Hocking Valley & Toledo and the Chesapeake &
Ohio has been effected by which trains are run from Toledo
and business exchanged at Charleston, W. Va. A late report
has it that by means of a branch of the same road St. Louis
is
to be reached.
But there are other projects under way which, if they do not
Ohio, in addition to being supplied with outlets to Cincinnati
concern the immediate present, certainly have an important
and Louisville, was furnished with a line right into the heart bearing on the future. We have already alluded to the proof the State of Ohio at Columbus, that being the
northern ter- posed Chesapeake & Nashville, which will open a new avenue
minus of the Scioto Valley.
of traffic to the Chesapeake & Ohio in furnishing a line to
The next step was probably as important as any taken. It was Nashville. But besides, the Huntington party think of building
& Ohio itself from Richmond
Newport News, and finally to Old Point Comfort. The
facilities at Richmond were not adequate, and it
was desired
to avoid the trip down the James River, so an
extension of
75 miles along the peninsula (commonly known as the Peninsula
Extension) was made, and the terminus of the system
placed
at Newport News on Chesapeake Bay, where
the facilities are
ample and exceUent, and where vessels of the heaviest
draught
the extension of the Chesapeake
down
to
remainder of the Elizabethtown Lexington &
Big Sandy road between Lexington and Elizabethtown, thus
avoiding the long detour via Louisville and making the route
There has also been
to Memphis shorter and more direct.
talk recently of building an independent line to the national
capital, the Chesapeake & Ohio at present using the Virginia
Midland to reach Washington, But the most important line
shortly the
which
is
now
in contemplation,
and to be constructed probably
Januaby
THE CHRONICLE.
23, 18S6.J
is that between Ashland, Ky., and Cincinnati, along
the south side of the Ohio River. This will be almost an air
line, will greatly diminish tlie distance to the Queen City (the
Chesapeake &, Ohio now having to go by way of Lexington
and the Kentucky Central), and bring Newport News corre-
this year,
spondingly nearer to all Western centres. It is also believed
tliat Mr. Huntington contemplates building a bridge at Cincinnati, which would give direct connection with all roads
north of the Ohio River.
The net result of all these extensions, made and proposed, is
that the Chesapeake & Ohio hot developed into a trunk line
system hardly less important in the extent of its connections,
mileage, and possibilities of gathering tratHc from large areas
of country, than some of the leading lines of the Northwest.
The Chesapeake & Ohio has labored under serious disadvantages in making connections at Cincinnati, and when these
have been removed, its power to command its share of the
trunk-line traffic to the seaboard from leading Western centres
would seem assured.
It is not possible to state
the total
amount
of mileage which
the new extensions have made tributary to the system, but the
extensions themselves can be given, and below is alistof them.
It will be seen that over 2,000 miles have been directly or indirectly
added since the reorganization.
113
Coming now to the company's traffic, we find that against
only 966,064 tons (actual tons, not tonnage mileage) of freight
handled in 1878, the company handled in 1884 nearly three
times as much, or 1,570,106 tons, which was the largest tonnage the road ever had, with the exception of that of 1888,
which had been 1,748,677 tons in 1885 the coal tonnage alone
was over 800,000 tons above that of 1884. The greatest gain
has been in the items of coal and coke, iron and mineral ore,
and timber, wood, &c. but the road has quite a varied tonnage, as may be seen from the subjoined list of specified items.
;
;
Years ending Dee. 31.
1884.
I
Coal and coke
iron ore and pig iron
Other minerals...
"
112,433
"
'
27,136
Grain and flour
Animal products—live stock.
Tobacco
Lumber, wood and bark
Hay
Fruit and vegetables
Cotton
Whiskey
Salt
Lime and cement
Oil
"emp
Misoellaneous
COKNECTIONS PERFECTED SDJOB 1878.
Total
mies.
139-44
130-90
75-00
398-48
1881
l«8l
Spring. 1882
Summer, 1882
Nov..
1884
Kentucky I Vu tral
253 71
Cincinnati Indianapolis St. L.
Tofjl
& Cblo
.
.
new mileage.,
Now let
53J00
Fall.
May,
100-00
Spring,
1885
40rf-96
2.040-49
US trace the effects of these extensions
upon the
company's traffic and income. Here is a statement of the gross
and net earnings for each year since 1878. It will be noticed
growth
was steady and pronounced till
general mercantile depression and the
low prices of coal interfered and caused a falling off. Despite
this falling off, however, gross in 1885 were $3,333,000, against
only $1,936,360 in 1878, and net about a million dollars,
against only $341,621.
These are of course the earnings
of the Chesapeake
Ohio proper, and not those of the new
that the
in earnings
the last two years,
when
&
extensions, the whole of the 2,040 miles above, with the exception of the Peninsula Extension to Newport News, bemg
separately operated.
Perhaps a clearer idea of the large
growth that has occurred is afforded when we figure out the
earnings per mile, and find that while in 1878 the gross per
mUe was $4,577, in 1883 it had risen to $7,634, and even in 1884
was $7,044, The net was $807 per mile in 1878, $3,553 in
1883 and $2,141 in 1884, showing a large reduction in the
ratio of operating expenses to earnings, as would naturally
be expected. Following are the figures.
Year.
1878
1879
1880
1881*
1882
1883
1884
1885
'
•
Fifteen
Oront
Earnings.
It is to
Net
Earnings.
fl.936.360
1,891,512
2,511.246
$1,594,739
1,507,333
3,375,9tj8
2,743,430
3.334,»77
3,906,791
3,538.605
2.;i02.449
1,032,528
2,599,933
l,30^,8ri8
Vi,49M,744
000
1,038.861
2.347,000
t3,:<22
1.945,>'18
months— tiscal year changed
December estimated.
the last
Oper. Exp.
and Taxes.
$341,621
384,209
5M9.228
632,538
97.',,0(i0
to Deo. 31
Oross
Net
per mile. pr.mlle
$4,577
4,461
5,943
7,964
7.037
7.634
7,044
6,617
Tons.
32,491
77,839
48,771
22,005
102,788
9,415
2,999
9,864
8,197
3,762
2,7«7
2,245
284,552
from Sept. 30.
be said, in reference to the decline in revenue during
years, that it is not wholly the result of a
sons to see how low the company's rates have fallen.
have
not the figures for 1885, but for 1884 the average
per ton per
mUe on all classes of freight was only 673 thousandths of a
cent, a rate lower even than that on the New
York Central
for the late fiscal year, which was 680
thousandths. Of course
We
may be assumed that the Chesapeake Ohio had a larger
proportion of low class freights, but none the less is the
rate an exceedingly small one. On coal
the road realized
only 583 thousandths of a cent, and on through
freight only
514 thousandths, while even the local freight brought but 1-339
cent per ton per mile. This fact of a low rate is very
interesting
as showing that, unlike some of the newer
Western roads,
there is here lees likelihood that
gains from an increase of
traffic will be offset by a further
decline in rates.
Tmu.
30><,499
114.953
18,316
33.681
8,196
93,4341
55,533
31,750
16,234
44,581
3,664
181
1,210
3,416
5,247
31.749
15,310
137,454
11,3.101
790'
363
5,240
8,426
3,7,9
3,-^42
1,237
7,793
147,460
65,883
588.064
company of course made important additions to its facilities
for taking care of the business, so that against 3,200 cars in
1878, it had in 1884 5,149 cars, and against 76 locomotives it
had
165.
Physically the property has undergone equallygreat improvement, for while in 1878 only a small percentage
of the mileage was laid in steel, in 1885 543 miles out of 678
miles of main road and sidings were laid in steel
about 80 per cent.
— that
is
As regards the financial condition of the road, and the relation of its fixed charges to income, the payment of interest on
the currency bonds in cash is not obligatory until earnings are
in excess of interest requirements on the other bonds.
The
falling off in earnings compelled the company last year to
make payment in part of the interest on the Class "B" bonds
in scrip, redeemable out of future earnings. This last, however, was merely a temporary expedient, and as soon as earnings again warrant the step, full payment will be resumed. In
the following we give the amount of each class of stock and
bonds, and the yearly interest requirement that the company
has to meet on the latter.
Common,
Stock.
$15,454,436
2d
1«( Pref.
$8,361,279
I
Pref.
$10,060,586
rnlerest.
Amount
Bonds.
\A9i
2,178
2,553
2,141
1,942
1878.
77.*>,fi99
ILli-iO
$307
906
two
&
Tons
949.26S
140,511
Naturally the tonnage of coal and some other articles
decreased in 1884, but it i8.^8ignificant as regards the effect of
the Western connections already perfected, and the possibilities to spring from those now in process of completion, that the tonnage of both grain and flour and
animal products is larger than ever before.
With the
increased demands entailed by this larger tonnage, the
1,345
falling off in traffic, but has been in part caused
by reduced
rates.
On the latter point, it will no doubt surprise many per-
it
123.413
51,837
22,679
128,455
15,609
12,277
14,993
27,686
6,068
2,172
3,635
1,060
223,923
1882.
1,579,106 1.748,677 1.367,565
...
ynen apmed.
Elizabethtown Lexington & Big Sandy.
Scioto Vallfy
Peniiisulit Extension
Cbe8a|ieitl<e Ohio A Southwestern
Louisville New Orleans <& Texas
Mississippi <Jt Tenuessee
Tons.
80.^,581
Yr. end'g
Sept. 30.
1883.
outstanding
Purchase money
1898
:st mort., "A," gold .1908
Ist raoit., "B." gold.. .1908
Istmort. g., Penn Ext.1911
1st morr. on ext., gold. 1922
Eijulpment bonds
Grand
From
total
Periods
$2 279.0'io
J
2,0110.000
11,976.0.50
M.
2,000,000
42.000
842,000
Total obligatory Interest
$22,139,050
2d mort. currency
1918 10,10ti.349
.
Bale.
A.
A.
J.
& J.
& O.
A. N.
& O
& D.
Various
.
$32,245,399
J.
&
J.
Annual
call.
$136,740
li 0,000
8P8,563
120,
000
2.520
50,520
$1,328,343
606.381
$1,934,724
the gross earnings above, the net earnings in 1885 will
probably turn out to be about $975,000, and in 1884 were
$1,038,861, so that in both years the company fell considerably
short of meeting the $1,328,343 of interest which is obligatory.
But these were exceptional years. If we take 1883, the year of
largest earnings and smallest ratio of expenses, we find that
then the net was $1,308,858. or about equal to the obligatory
interest.
With the saving of half the cash interest on the
"B" bonds the cash payment required is only $879,061,
which the $975,000 net earnings for 1885 would of course
suffice to pay.
It should be said, however, that in 1881 the
company also had to pay $136,842 as interest on floating debt,
wliich is an item that should not be overlooked. With a return
of better rates the managers of the company hope, under the
new connections made and to be made, to have no difficulty
in earning not only the present obligatory charges, but also
the full interest on the currency bonds of 1918.
114
THE CHRONICLK
[Vol.
XLH.
Jakitary
33, 1880.
THE CHROMICLE
J
MlNKRAL ReSOUKCKS OF TUB UNITED STATES—YkAHS 1888
AID 1S84. — By Albert WillianiH, Jr. This ia a report issued
under the auspices of the United States Oeological Surrey,
and is the second volume of the seriea. The flrst volume
gave the statistics of production to tlie close of 1883, w Idle
the present volume undertalces to cover tlie years 188.'? and
1884.
Tho author displays familiarity witli his work, and
has evidently sought to cover tlie ground completely. There
is much valuable statistical matter in the volume, and there
are s[H'cial papers on various branches of the inquiry by well"
known ami competent persons.
BATES OF KXCHANOE AT LONDON AND ON LONDOM
AT LATEST DATES.
MIOHANBE AT
On—
LOlfDOlT-Jan.
Time.
KZOHANOM ON
7.
Latest
Sat*.
IiONDOH.
Time.
tion of these balances
what are usually noticed at this season. The proportion of
reserve to liabilities has fallen from 38-9 to 82-5, although the
actual loss is only £569,353. The fact is, the deposits havegained materially in the week, private deposits being £2,827,058 and public £1,152,835 heavier. The stock of bullion isnow slightly under £20,000,000 and tbe reserve £10,783,706.
The rates for money have been as follows :
0pm market rata.
J
Amstordatn
Amotonlaui
Jan.
20"24
Jan.'" 7 3 mos.
Jan.
7 Sbort.
-JIO-.Tt
a2oa8 Jan 7
ti
l2-77iy<«12-.-i2Ja Jan.
Vienna
7
TrtesTo
12-77ia*12 82Hi Jan.
7
25-4.5
Antweri' ..
a25-S0
Jan.
7
23"-4»235|»
Jan.
St. Petersb'ft
7 3 mos.
Parle
Checks 2.V21i4®-25-2BVi Jan.
7 Checks
Taris
3 mos. •2.i-38-1i«» 25-43%
Haniburi;..
Berlin
Frankfort..
Genoa
2'5"2i
25-'23
Cadiz........
Lishou
Alexandria
Constant'ple
Bombay
'
ieio
7 60 days
456ia(»45'i9
Dein'd
Calontta
New York.
Jan.
455i„»45''-,8
4,^6|fa)45fie
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Is. S'oiod.
18. Sl^itd.
.
BonK Kong.
Shanghai
7 Short.
7
I'el.
109-87
t'rs
Is. 52332rt.
Is. 52:!;,2d.
7
7 80 days
7 4 mos.
•
7
[From our own oorrespondent
4-S3
38. 4l4d.
48. 7381.
]
London. Saturday, January 9, 1886.
So far the new year has not developed any fresh commercial
feature. Reports from all the leading trade centres are much
the same as those to hand during the closing days of the old
year. The inclement season has been somewhat of a check to
fresh dealings, but that is merely a transient influence, and
can have but a slight eflect upon the real state of trade.
Unfortunately we cannot as yet congratulate ourselves on
having made any real advance, and yet it is something to
know that the movement of metals from the United Kingdom
to the United States during December compared favorably
with that for the corresponding month of 1884. Are we to
Inttrett atlowta
for dtpotiU
i
BankBUU.
London
Three
l)ti
Trade BiUt.
ZNm-C
six
Wit
At 7
JoitU
20-37"«
20-36
12-64
25.58%a25>J3%
Madrid......
England
of
payments, but the prooess is slow. The
market may be expected to be in a rather chaotic state for
some time, but there is still a strong opinion that a permanent
hardening will set in, as an extension of the trade demand is
confidently counted upon. For the moment, however, the difficulty is to know what to do with balances. The discount
establishments, in consequence, have reduced their rates of
allowance on deposits }4 per cent, giving 2Ji per cent for
money at call and2?.i percent if with 7 or 14 days' notice. The
joint-stock banks have made no change. The Bank of England weekly return shows some important changes, but only
12-05
DaU.
3 mos. 122»8 aiz-sis
Siitht. r.' 1
oia--'
3 inoH. iOrti 9i20-.^8
•2054 ff'20."i.S
wiU be absorbed by the Bank
in the shape of revenue
BaU.
7 Short.
115
to
14
Montiu Montlu Montlu Mtmthe Month, Montht Banks. OalL ja»»f.
4 3
11 S
18 4
B5 4
SI 4
Jan. 7 i
Deo.
"
»
•
"
JPVmr
ana -
Three
- »HaiH 2««3 a5<38M3
i>i»
ma - 2^9- m»- «-MS3
•i«>a
Slock
m
e3>.
IK i«-t«
1« IH-IH
i«
2^33
8
3!i3|<i
eSK 3 a3H3«34 '3««4 \3iiii 2M'*3
S3X 3 (38>li3)«34 \aH9* \m-»i 2^®3
3
8
3X-8'4
3^9- 8Ma3« 3>i®
3 (iiS<A .1
3 <a3k 3
Stx
Vwjur
8«®4
3ii34
- 3 ® - 3m%
2H<a>
®SJi3«a»J<
3
I3HS94
3Ka.j9<
3H3H
m-iH
the Bank of
3«S4
2*'>3
21*
The following return shows the position of
England, the Bank rate of discount, the price of consols^
the price of middling upland cotton and wheat, and the Bankers
Clearing House return, compared with
years :
1886.
Clronlatlon.exoludlng
«
7day* other bills.. 24,932.04.5
Public deposits
5,154, .'547
Other deposits
27.880.163
Hovemm'tsecurltles. 17,94ti,613
Other securities
22.303,321
Ras' ve of notes & coin 10,782,766
Uoln and bullion In
1885.
£
£
25.6O.I.7O0
25,893,2 1»
4,532,514
23.038,320-
5,319,931
26,341,468
26,820,332
15,753,665
24,907,056
11,274.463
13.775.807
21,408,32*
14,954. 8.J5
23.108,428
11,622,631
10,174,478-
20,722,768 21,482,331
both departments.. 19,961,811
20,617,60*
33iap.
32-5 p.
o.
4 p. o.
Bank rate
1893.
1884.
£
25.1»fi,300
7.03^,!)20
Propon'n of reserve
to liabilities
the tliree previous-
0.
p. c.
37%
3612 p. 0.
3 p. 0.
101 1-3 xd.
p. 0.
5
5 11. 0.
Consols
99% xd.
99=8 X d.
101
Eng. wheat, av. price
30.i. 3d.
318. lid.
39«. Od.
40s. 7d.
Mid. Upland cotton..
4^d.
53^1.
53,od.
5hH^
No. 40 mule twist
SSsd.
S^d.
9»8d.
»\<S.
Clear'K-Houae ret'n . 119,786,000 119,277,000 113,933,000 117,681,00*
The Bank
and open market
rate of discount
now and
chief Continental cities
accept this as the inauguration of a better state of affairs,
which shall shape itself more distinctly later on when spring
approaches ? Clearly we shall have a good deal to do, even if
this be realized, to build up a trade upon the old lines in force
before the depression set in.
have now to contend with
ParU
week »
have been as follows:
and overcome,
rates at the
for the previous three
German
if
possible, a
very active, persistent'and power-
Some "Wolverhampton manufacturers complain that not only do the Germans compete with them
successfully in the neutral markets, but they undersell them
at home.
competition.
The same complaint
mingham.
Germany has
from Birof course the advantage over us in
is
also very frequent
the labor question.
hours and for
this lasts, the
k-ss
The German workman works longer
pay than his English brother, and so long as
German manufacturer
will be able to accept contracts at lower prices than English firms, even after allowing
for the extra freight charges, &c. What the home manufac-
turer
must do
not only to maintain the superior quality
and durability of workmanship, which are generally admitted,
but must devise more economic methods which shall lessen
the cost of production. No doubt the scale of wages in the
two countries
is
more closely assimilate, and the
over the Englishman in that particular l)e
lessened but all such differences are slow in being adjusted,
and in the meantime our energies will be pretty sharply taxed
to enable us to hold our own. Whilst nothing
special has
occurred during the week, and the development of events is
rather anxiously awaited, the prospect is still considered fairly
bright for spring trade.
will gradually
German advantage
;
The money market has become much quieter. There is an
abundance of capital lying unemployed, in spite of the withdrawal of an e.\tra million from the market as the result of
the
payments for the Treasury bills. The dividend money is
weighing down .juotations.
Ultimately a considerable por-
Bank
Bate.
We
ful
Ja
BatMof
Intereetat
Dec 31.
1.8.
.
Bank Open
Market BaU. Market
Op»n
Dec
Prsnkfort
4
8«
2«
SH
Hamburg
Amaterdam
4
2J4
4
Oiwn
Market
3
2«
3X
2«
SH
SH
HH
4
1
6
4
4
e
SruBselfl
Madrid
Vienna
4
Petersburg..
Copenbatzen
St.
*
4
8
3«
4«
Messrs. Pixley
bullion
8
& Abell
~2jr
17.
0pm
Bate. Markets
~~3
3}»
SH
SX
SH
SH
2«
SH
SH
4
SH.
2«
iH
4
4
4
4
4
4,^
4
4
4
SH
688
2«
3\i
4J<
Bank
Bank
3H
SH
4
4
Dec
24.
Bate.
~h'
3
4
~~a
Berlin
.
6
fl
4«
*H
write as follows on the state of the'
market
Gold— The demand
for gold has almost entirely ceased, and any arrlv"
Hank. Tlie amount that came
ala will probably tlnd their way into the
to hand by the Adriatic, from
York
Xew
(£100,000), had boon sold to
and wa.s therefore exported. We have received since our last,
£100.000 from New York, £163,710 frim Mell)ourue and £3,890 from
KlverPlate; total. £'277,600. £114,000 has been sent imo the Bank
from Australia, llie Ma-<kelyne has taken £300,000 to Buenos Ayres.
Silver— Bar silver has fallen to 46'^ 1. per oz, the lowest price ever
touched, and ^id. per oz. under tho worst rate realized in 1876, when
the German Government were heavy sellers in this market. The prospect of stopplUK the coinage of tho Bland Dollar in tho United States 1»
causlne great uncertainty among the Eastern buyers. The Werra brought
£ '4,000 from Sew York, and the Oriou £2,i)iK) from the River Plato.
The P. & O. i-teamer has taken £37.220 to the East.
Mexican Dollars— A special order caused a rise in price to 45''8d., but
this rate can no longer be obtaiae<l, and any amounts coming now oa
tbe market, must submit to a considerable reduction.
The quotations for bullion are reported as follows:
arrive,
SILVBll.
London Standard.
GOI.,D.
London Standard.
Jan. 6
•.
t.
Bar gold.flne.. .oz. 77 9
Bar Kold. contaln'K
20 dtrts. allTsr.oi. 77 10«
Span, doubloons.ot.
B.Ani.doublooaB.ni
Dec.
81.'
d.
•.
77
'n
IJati.
1
BarsllTer
oi.'
Bar sllTer.oontaln-
9
lOH
,
1
1
6.
d.
465ii
tQg5frrs.Kold..os. 48M
Cak* illTer
oi. tSO 3-iS
Maxlsan dols...oi. <5H
|
Dm.M.
4.
48 15-lS
47 0-l»
50K
4eM
THE CHRONICLE.
116
It is no matter for surprise that the half-year just concluded should be turnining out badly so far as the banking
Throughout the time the comworld has been concerned.
mercial demand has been extremely quiet, discount operations
being on a restricted scale. A certain amount of animation
has recently arisen through Stock Exchange spe culation, but
the gains thus secured have gone only a small way to counterbalance previous deficiencies. Annexed is a list of the principal dividend announcements made to date.
[Vol. XLII.
lb and from aU OowiiHet.
To and from VrMed
1883.
1884.
1885.
1888.
1884.
£
£
£
£
£
Imports in Dec.
Do 12 months,.
Exports In Dec
Do 12 months..
501.57'
378.610
1.HS2,252
7.733.809 10,720.358 13.374.119
748,960
522.690 2.131,034'
r,0Bl,S65, 12,012,839 11,930,818
SILVER.
Imports in Dec
Do Vi months..
Exports in Dec.
Do 12 months..
873,101
9,4(W.002
834,028
8,822.818
.
There
States.
813,5291
5,350
6,072,094
937,615
2,183,803
2,356
909,044
1U,S20
299,332
135,861
9.377,801
711,239
£
1,565
9,777
10»,7S0
809,346
B,fl0:.495;
1885.
859.258
220,108
1«7
2,803,M3 2,639,316 2,750,508
945,363
50
9,986,3331 9,852.287
8.33^
a continuance of quietness in the grain trade.
BKCOND HALF-YBAK.
The severe weather imparted a slightly firmer tone to the
1884, market, but it failed to produce animation.
1885.
1885.
1884.
Wheat has been
I'ercl.
Perct
Per et.
Per et.
dull of sale throughout, and has remained nominally the
16
London & W'lnlnster. 13is
AUtanre
7
6
12J3
10
Capital & Counties... 18
Union of London
18
same in value. Importations of wheat into the United King12
Imperial
National Discount... 13
7
7
dom have been somewhat less than recently, and farmers
London ,Toint Stock.. 12
18^
deliveries also have been curtailed, but for all that the markets
Business in American railways during the week has been
have not been badly supplied on the contrary, there has
comparatively quiet. There was no special influence at work,
and although the tendency was mainly towards weakness, been amply sufficient offering to satisfy the demand, which
owing to the closing of accounts for the rise, the variations still retains its sluggish character. The chances of an early
were in no case important. The heavy snow storm, or what improvement in trade are far from gocJ. A long spell of
bad weather would
iterially assist in steadying the market
is regarded as a heavy snow storm for us, has broken down
but the variableness of our climate prevents us counting upon
the wires in all directions and so interfered with business.
A new Argentine 5 per cent loan for £4,000,000, being part any such assistance. Only temporary steadiness can result
from severe frosts and interruptions to navigation. By these
of an issue of £8,333,000, is announced by Messrs. Baring Bros.
and Messrs. J. S. Morgan & Co., the issue price being 80 means supplies are only withheld, not lost, and any delay in
delivering them will not have much effect so long as the supper cent. The loan is quoted 1 to 3 premium.
is still
;
m
The return of the Cleveland Ironmasters' Association for plies on hand remain as liberal as at present. The stock of
December shows that the month's make of pig iron was 158,- wheat at Liverpool at the end of the year was nearly double
000 tons of Cleveland iron and 56,00 tons of other kinds, mak- what it was in 1884, and there was an appreciable expansion
ing a total of 214,000 tons, or 12,000 tons more than in Novem- in the supply of flour. The returns from the other ports are
ber, There are 98 furnaces blowing, 75 of which are making expected to show a liberal increase, and it is clear that we
Cleveland pig iron. Stocks increased by 46,000 tons in Decem- have quite sufficient on hand to render us indifferent for some
ber. The make of pig iron in Cleveland during the year was time to come to any variation in the amount of the imports.
According to Beerbohm's Corn Trade list, the stocks of
3,460,000 tons and the stocks increased during the year by
wheat and flour in the chief ports of the United Kingdom are
178,000 tons.
Thereportof the Registrar-General for Ireland shows an in- 3,307,000 qrs., against 3,097,000 qrs. a year ago and 3,919,000
crease m the money value of the crops in Ireland over the pre- quarters at the end of 1883,
The stock of wheat in Liverpool at the end of 1885 was
vious year of £1,694,223 and of £263,964 over the average for
the past ten years. The great bulk of the increase is in the 3,578,958 centals, against 1,869,146 in 1884; flour 215,315.
hay crop, in which the gain is £749,970 for the year and £391- against 126,328 sacks, and 65, against 3,833 barrels; barley,
473 over the average for the past ten years.
The Board of Trade returns just issued for December and
the year are not encouraging. They tell the old tale of
depression on depression and distrust; symptoms of improvement are stiU wanting. In the reports for the month there is
a decrease of £1,930,382, making the year's aggregate £15,940,In the exports there
835.
is
a loss for the
month
of £635,675
and for the year of £19,993,835.
The imports into and exports from the United Kingdom
during December and the year were:
.
—
Total Imports.
Dee.
Tear.
a
^EitporU British
Irish Products, itc.—.
Dec.
Tear.
S
a.
IgS.... 33,871,131 4!5.tl03.0*3
Hgi-" §?-?72'«™ 88«,';74,'54»
1885..,. 81,143,888
373,834,814
<t
£
£.
5,43J,000
5,159,238
5,172,7B2
65,637,597
8a,9l2,341
67,903,528
The following are some of the leading items
of imports and
exports:
EXPOETS TO DNITED STATES.
_
1883,
Tards.
1,998 300
.
Cotton piece goods— December, .
12 months
62,6ti2.2U0
.
piece goods- December. .
6,740 500
T.
Wnen
.
Woolen fabri^iSSmbeV.-
'HliT^
Worsted fabrlcliSrmber
12 months
37,726,200
4'f24^o"o"
Lbs.
Wool—Sheep and lambs— Dec. ..
12 months
10,40s|90O
IMPORTS.
1883.
OoUoH.
„
From United States-December,
—
^^ months
All oonntnes-December
i^
All ««-„.
.
limouths
Wheat.
Onlted States-Atl. port«-Dec.
_
.„
12 months
Paclflo ports-Deceml.er......
...
AU
455 ?oo
12 months
,,
countrles-Decemher
12 months
Ov)tt.
1.4«3 219
10,986'.539
1,952,520
15,367,374
1,101 816
14 239'l95
308 01()
11.806637
1
342962
16',293',529
Flour.
United States-December
12 months
...
,_,
All countries-December
12month8
980 748
11.27o'>ilB
1
312 932
16',i93',529
The extent of tbe
sales of home-grown wheat, barley and
markets of England and Wales during the
first eighteen weeks of the season, together with the average
prices realized, compared with the previous season, are shown
oats in the leading
in the following statement:
1885-86.
1884.
Tards.
3,614,400
53,229,300
4,800,900
69,632,100
1885.
Tards.
3,660,300
46,154,300
5.615,900
09,841,700
290,500
5,298,«00
2,005, 100
35,297,400
397,700
4,605,900
3,563,000
33,389,800
Lbs.
321,200
8,687,900
1884.
Cwts,
1,693,776
10,755,184
2,216,734
15,505,851
727,299
14,321,3^0
680,656
8,284,810
1,301,493
15,103,518
961,009
10,340,567
1,301,493
15,103,518
,„.„
Lbs.
1,760,000
12,760,200
1885.
Owls.
240,640
10,171.206
493,043
14,107,513
1.219,170
15,835,192
760,603
11,728.468
1,219,170
15,835,192
The movements in the precious
metals have teen as follows:
d.
1883-84,
Av'ge
Price
s.
1,097,457 30 10 1,189,658 32
1,850,916 30 3 1,943,099 31
172,559 18 4 195,038 19
Sales.
Av'ge
Prfet
d.
d.
1
s.
1.200,360 40
8 1,875,278 33
3
3
90,053 19
8
1
Converting quarters of wheat into cwts,, the totals for the
whole kingdom are estimated as follows:
1885-86.
owt. 15,741,648
Wheat
1884-85.
17,061,154
1883-84.
17,221,140
The following return shows the extent of the imports
cereal
produce into the United
Kingdom during
the
of
first
eighteen weeks of the season, the sales of home-grown produce, the average prices realized, and other items compared
with last season:
18a'!-6
....owt. 19,637,1*0
5,519,=.96
4,193,20-)
Wheat
Barley
Oata
Peas
836,032
Beans
1,374.207
9,270,864
1,756,916
12,586,009
Sales.
Pnee
s.
Wheat, qrs
Barley
Oato
1884-85.
Av*ge
Sain.
^Exports Foreign a
Colonial Mer'dse.—
Dec.
Year.
£.
18,971,103 230,788,473
17,840,103 233,025,ii43
17,1»4,4)« 213,031,407
47,336, against 91,449; oats, 31,193, against 7,078; beans, 317,415,
against 105,135; peas, 123,424, against 64,402, and maiz9310,711,
against 125,455 centals.
1,223,506
8,96>,i46
4,155,898
Indian corn...
Flour
1884-5,
1S83-4
17,112,295 22,559,364
7,137,502
8.577,710
4,234,816
5,749,789
829,657
628,309
1,373,106
1,032,188
6,272,674 lu,358.727
5,361,745
5,534,712
1882-3,
25,131,686
7,4.i0,389
5,554,790
766,514
690,669
4,012,960
5,492,628
Supplies available for consumption in eighteen weeks (oxelusive of stocks on September 1)
1885-86.
tmportsof wheat. cwt.19,637, ISO
Imports of dour
4,455,898
Sales of home-grown. .15,741,618
Total
39.834,726
:
188485.
17,112,295
5,361,745
17,064.154
1883-34.
22,559.364
5,534,712
1,20J,360
39,533,194
29,291,136
The following shows the quantities of wheat,
maize afloat to the United Kingdom:
1882-83.
25,131,68S
5,49^,828
15,430,000
46,054,314
flour
and
At present.
Wheat
Last week.
Last year.
qrs. 1,569.000
1,620,000
1,87!*,C00
1884.
1,909,000
167,000
357,000
181.000
240,000
255,000
Flonr.equal to qrs
Ualze
qrs.
180.000
339,000
21'1,000
January
THE CHRONICLE.
a», 1888.J
BncUsh Financial iW«rke«»— Per
117
lass.
Months.
Bat.
Jtondoflt
Bllrer,
d
perot
•lf.i>i«
lOO^'ia
Oonaoi H f or iiionoy
I00:'|«
OonaolH fur Hcoouiit
Paris) fr 8127'D
Fr'oh ronti>»(lu
lUij
U. 8. 4>«»of 1891
125 19
U. 8. 4»of 1907
68 >e
9t
Oanndlan Paolllo
Ohio. Mil. A8t. Paul....
Brie, onmiium stook....
Mon.
I
47
47
47
looim 100
100 '8
100
11m
125%
125%
67^
6-
IMoL
ifercAan-
Qoodt,
Oooit.
'8
531a
53%
lOM
10
105 '4
l.»4
241s
14214
B3V9
1014
1063a
14'J>4
10,885,1180
B8»9
April
OSili
Mar
25%
June
om
24^
142%
142:11
64%
54
10%
isjiM^ao 8S3W314 803I»7,TM
88345,380
11,807,804
88,176,806
8e,973,aW
86JM6,788|
11,819,488!
813M,06I
4S,7I*.4il»
iiS,9ea,487
88,880,481
9,798,808
89,799,789
a8.gsT.«s
28.101,898
80,974,698
5,7IM.«0S
88,7l«3a8
17,048,808
I0jn4,4«)
March...,
«8.4B7,008
n.8M.6ao
rebruarr
129%
<l8<>a
94^
34^
e.iMa.064
6,271 ,S11
S8,M1,0S«
10.291, flOn
Ansttit.
M3n.U»
18,498,769, 8e.»7»,14J
M,47a3M
34.990,149
8.721,883; 84.040.018
2i.A09.aati
July
11,049.801
81,103.988
83.048.(80
81,674,101
8H/>78,436
33,743380
28.034,110
86,106,644
©ommevctaT unA W^lsctlUntans l^ews
38,994364
30,069,aM
u.ito.t;.'!
21.709,620
38.930.402
18,069.078
October...
I
168% 1106%
7,86S,2fl»
26,599,060
34.464,819
6,790.146
November.
Oacember.
7,3<^0.S»fl;
24,677,078
82,037.924
6,970,149
fi.«43,84!li
29,173,973
88,117,816
8,963380
1 1 1 ,078.402
September.
National Banks.—The following national banks have lately
\
Cai..^«.,
3 432-Tlie First Natliinal Bank of Morrlstown, Tenn. Capital, $50,000
Ocortto W. Kolsoin, fr«>sl(lont; QtorKe 8. Croiicl), Casliier.
National Hank of Colouian, Texaa. Capital, .*oO,000.
3 433— The First
J D. Uavldsoii. I'lesident; J. H. Ci>leiuan,Ca«liler.
3 434— Tli« Kir^t National Bank of Wainc;{o, KaiiBas. Capital, $75,000.
('ashler.
.1. <'. Koeore, Prastdent; Robert Seott.
3 ' 435— Tbo FiiHt National Bank of De Sinct. Dakota. Capital. iJSO.OOO
John U. Carroll. President Walter N. Carroll. Cashier.
3 436-Thi! First National Bank of Park River, Dakota. Capital
David a. Beccher, Piesidcnt. Sidney Clare, Cash.
$,")0,Ot.O.
;
—
Imports and Exports for the Wkbk. The imports of last
week, compared with those of the preceding week, show an
general merchandise.
increase in both dry goods and
The totol imports were |9^2ol,076. against $7,336,998 the preceding week and !|;9,53t,217. two weeks previous. The exports
for the week ended Jan. 19 amounted to $6,39.5,749, againt-t
The
15,670,839 last week and |6,308,73l two weeks previous.
following are the imports at New York for the week ending
(for ;dry goods) Jan. 14, and for Ihe week ending (for general
merchandise) Jan. 15 also totals since the beginning of the
flnt week in January:
roReiON IMPORTS at hbw tork.
;
1883.
1884
$2,591,92)
5,904,991
$2,267,455
3,967,458
$6,310,600
Oen'luier'dise.
Total
Since Jan,
1885
$8,496,911
$6,234,913
$9,251,076
$4.9.16.345
10,072,645
$4,620,019
11,963,035
$15,008,990
$16,588,074
6,320.331
1
Dry Goods
$4,784,449
10,281,275
Q^'lmur'dlae.
Total 2 weeks
817,793,662
$19,0fi5,72t
In our report of the dry goods trade will be found the imports of dry goods for one
week
is
:
For the week...
Prev. reported..
Total 2 weeks..
6,474,595
$7,669,474
8,034,919
$3,395,749
5,67u,839
$13,582,201! $12,431,360
$15,701,393
$12,066,588
$6,574,998
7.007,203
.$5,955,765
The following table shows the exports and imports of specie
at the port of New York :for the week ending Jan. 16, and
since Jan. 1, 1886, and for the corresponding periods in
1885 and 1884:
XPORTS
AI«D
IHPOKT8 OF SPISCIB AT
Importt.
JBxporU.
Week.
1884.
188S.
1884.
1889.
«
10388,891
10.496,966
ii.!)!;**
13,084311
23,0tf7,l)«8
March
11.878.971
11,436,78S
23,835,838
April
9,077,671
May
9319.474
9,637,821
9,840388
93991887
9,499348
88.718,151
26.792.789
Febrnary....
23,715,490
23,530,880
March
ao.l.')7,314
28,967,»13
April
'
I
May
88341,986 24.063,389
Jane
38.939.936
29,464.029
June
July
26.392,735
31,258,112
Jaly
August
September
October ....
Novembar..
27.116,832
28,957,053!
Autniat
28,149,209
29,229,557
28,191,182
29,855,6521
24,9fl2,901
26,020,883
September
October
November..
December..
29.881.946
32,215,819
Total.,..
I
'
13,108,338
11,717,836J
13,248.491 12,83».t9e
12.194.709
ia,3«2,i9a
8,629,119
»,712,428
9,929328,
8,083399
127,998,093 127.938.W1
Total
Life Insurance
U.987.9e8
10,765,162
December.
3,31.081.48'; 328.327.:i3'5
—The Manhattan
I
January....
February...
January
Company
some
and
interesting reading in
oflfers
to patrons
its
resources.
of the London & Liverpool & Globe Insurance Company (U. S. Branch) appears on another page. This
company is one of the most liberal of all the large corporations
in writing heavy lines of fire risks, and their business in a
single year mounts up to remarkable fistures, the income in
1885 having been $3,775,584, and the surplus over expenses
The total U. S. assets are now $5,924,010 surplus
$655,553.
over liabilities, $3,589,103.
—The Homestake Gold Mining Company has declared its
usual dividend of $50,000, for December, payable on the 35th
—The statement
Shice Jan. 1
$755,981
2,896
$757,281
2,896
320,617
326;617
instant.
instant.
United States Sub-Treasury.— The following table shows
the receipts and payments at the Sub-Treasury in this city, as
well as the balances in the same, for each day of the past
week
:
Bdkmeet.
DaU.
Receipt:
Paymentt.
Ourrenet-
Coin.
NBW TORK.
Oold
Qreat Britain
Month:
—The Ontario Silver Mining Company has declared its
usual dividend of $75,000, for December, payable on the 30th
18^6
1885
1884
1883.
At New York.
Total Merclumdiae.
Mantlu.
;
later.
a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending January 19, and from January 1 to date
BXPUBT8 FROM HBW roBK FOR TBB WEK:K
The following
814.417,708 436390,170
annual statement, which appears
in the advertising columns of the Chronicle. The record for
uniform prosperity and safe growth which has characterized
the Manhattan for more than a generation is not broken, and
18S6
in a year of commercial depression the company has kept
$2,930,695 steadily on its course, and shows a gratifying gain in business
$1,737,279
4,573,321
For Week.
Dry Goods
38.>»7.gB3
CUSTOMS RBOBim.
RXP0ST8 FROM MEW YORK.
been organized:
88,47U«
6310,040 88,018.096
3S,n70,60t
84,708,187
Total.... 100..V12.630l286.8ft3.W87 887,196.897
105^
Ttttt.
I
10.H08.800
Jannary.,
125%
12.'.%
68!|(
93^
53 >4
Philadelphia.li Readlnfi
105 <a
Sew York Central
Otiwrol
tItrehtM-
48''8
1001,«
100%
99l"i„ 100
81'22's 8l-32l< 81-37ia 81-8r>
1418
114% 114% 114%
1
93
24 <4
142 >a
Pennsylvania
461.^,fl
Dm
Fri.
li84.
0«n«ral
991^111 I'lO
243s
14i4i
nilnoln Oiitral
Tkur4.
Wetl.
Tutf.
mtW TORK.
IMrOBTS IKTO
«1able.
The daily dosing quotations for seountiee, Ac, at I^ondon
ending Jan. 88;
ate report»id bv cable as follows for the week
Week.
Since Jan.l.
»
?96.357
289,500
14,431
1,202
9,158
1,100
156.239
1,202
19.314
$25,891
219.897
13,773
$563,742
486.561
38,006
$
961,189 10
S
$
$
65 153,863.396 87 14,311,246 4«
78 1.53,788,795 83 14,48i,853 53
46 153,9^1,455 87 14,869 8 >i5 88
('3 I,i3,735,l72 28 15,353,422 26
96 l.'S3,42i,7U 33 15,424.562 77
24 153,787,006 40 15,549,822 59
Jan. 16.
" 18.
" 19.
• 20.
" 21.
" 22.
1,917,070 7H
1,418,485 88
1,223,164 52
1,-^09, 741 13
1,101,271
1,535,780
1,340,398
1,176,213
1,466,481
1,123,129
rn>tBi...
8,762,438 23
7,746,275 12
l,fi32.7S6 81
Oerinany
Booth America
All other oonntriea. .
s^Voo
$1,081,994
289,286
3,UO0
$1,086,294
$294,030
Tetal 1888
Total 1885
Total 1884
5,500
$781,000
23,800
4,700
•
441,.'.2l
4,500
1,100
France........ .......
West Indies
Mexico
South America
All other oonn tries.
Total 1886
Total 1885
Total 1884
10,000
2,900
14,9U1
$
by Messrs Adrian H. Muller
&
f
shares.
10 National Broadway Bk..277>«
49'*
20 U. 8. Warehouse Co
10 K. Eat. & Auotloa R->om
lOS's
(Limited)
Tradesmen's Nat. Bank. .101
Stuyvesant Fire Ins. Co. .107%
B'ltid.
1
1,199
571
2,6-i7
8,513
8,513
$828,073
721,957
758,524
$10,J83
$18,502
57.355
112 618
I
$6,000 Third Av. RR. Co. 7»,
lllAlnt
due 1890
9,418
.571
at auction lately
Son:
Shares.
62
25
19
5
Nat. Bk. of tlie RBi)ulilio.l25
Nat. Shoe & Leather Bk. 133%
CUniou ILill Association. 51
123
lOCduton Firo Ins. Co
100 Continental Fire 108.22 1-222H
Silver.
Qreat Britain
Anction Sales.-The following were sold
15,951
gttttMag and ^iaanctal.
.
$321,801
337,795
150.000
31,3.^6
23.992
HARVEY FISK
28
Of the above imports for the week in 1886, $15,000 were
American gold coin and $447 American silver coin. Of the
exports durinp; the same time $11,340 were American gold
coin and $1,0.13 American silver coin.
Foreign Trade op New York— Monthly Statement.— In
addition to the foregoing tables, made up from weekly returns,
we give the following figures for the full montlis, also issued
by our New York Custom House. The first statement covers
the total imports of merchandise.
Nassau Street,
&
New
SONS,
York,
Dealers in United States Governtnont »"id other desirable
SECURITIES
FOR INVESTORS.
All stocks and boiidH lUted on tlie S.iw Yo-k Stock E.tohta^ bauftkl
sold on oommisdii'i for oa^b.
Depo.slt accounts ivceived andlateroata'loweaoa moJtnly biUuoe*
•u'ljeat to draft at sliflit.
,
,
..
,
j ..
Ciicip ma. reulsti'red interest, and divMoaag, ooUeoteo aid puioea (•
credit for our customers, wUbout. cnarge.
and
,
THE CHRONICLE.
118
JItje
To-day the rates on actual business were as follows, viz. :
Bankers' 60 days' sterling, 4 87i@4 87i; demand, 4 89}-@4 89J.
Cables, 4 89}@4 90. Commerciai bills were 4 85i@4 851. ConFrancs, 5 16f@5 17i and 5 14|@5 15 ;
tinental bills were:
reichmarks, 95J@95| and 96@96J ; guilders, 40|@40 7-16 and
IPattkers' mn^zttt.
DIVIDENDS.
been annonnoed:
The foUowlng dlviaends have recently
Per
Railroads.
When
Cent.
jrame of Company.
Payable.
40f @40 11-16.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buyMar. 10 ing J premium ; selling } premium Charleston, buying 3-16@i
Feb. 10
premium; selling par @i premium; Boston, par@5 premium;
New Orleans, commercial, 7o@$l 00 discount; bank, $150
Jan. 31 premium ; St. Louis, 50 premium
Chicago, par.
The rates of leading bankers are as follows :
Books Oloied,
(Day inelurive.)
1 Feb. 11 to
to
Illinois Central...... ...---"--•
San Fr'isco 1st pref...
Bt. Ix)ui8
4
March
3^3
Feb.
Clinton Fire
£xcbange Fire
Guariiian Fire
Knlcltcrbocker Fire
5
On dem
3
3
On dem,
Jan.
20
K. Y. National KxcliaDgft
3
Feb.
1
3
$1
$1
Feb.
Jan.
Feb.
1 Jan.
&
InMurance.
3^
Banks.
Miscellaiieons.
American Loan & Trust Co ......
Consolidation Coal of l«aryland ..
Central Coal of Maryland...
.
Paeillc Mail SS. Co. (quar.)
New
Pullman's Palace Car Co. (quar.)
Quicksilver Mining pref
IH
Feb.
,Fob.
Feb.
2
10 Jan. 27
1 Jan.
26 to
;
;
January
20 to Feb.
.Ian. 19 to Jan.
3 Feb. 1 to Feb.
] Jan. 24 to Feb.
2 to Feb.
151 Feb.
In Feb. 2 to Feb.
28
been
little relief to
I
the dulness which has prevailed this week,
demand at
things work
reasonably fair prices, is very large. All these
against a large export of gold, and under ordinary circumstances could be considered almost a guarantee that
no large export could take place.
The open market rates for call loans during the week on
Btock and bond collaterals have ranged at 1@3 per cent, and
to-day at li@3 per cent. Prime commercial paper is quoted
at 3i@5 per cent.
The Bank of England weekly statement on Thursday showed
again in specie of £468,538, and the percentage of reserve to
against 86i last week; the discount
liabilities was 394,
The Bank of France
rate was reduced from 4 to 3 per cent.
gained 4,447,000 francs in gold and 1,519,000 francs in silver.
The New York Clearing House banks, in their statement of
Jan. 16, showed an increase in surplus reserve of $4,665,550,
the total surplus being $33,015,950, against $28,350,400 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the Iflew York Clearing House banks.
Thffer'neesjr'm
Previous Week.
1885.
Jan. 17.
1884.
Jan. 19.
Iioansanddls. $339,345,900 Dec. *527,800 ?295.337,800 $332,5SS,800
Bpeole
97,072,200] Ino 3,990,100
98,485,600
70,380,000
Clroulation...
9,801.0001 1)00.
5),8uO
11,31 1,600
14,425.H00
Ket deposits.. 389.902,610, Inc. 6,505,000 353.726,100 345,580.700
33,419,400 Inc. 2,301,700
I/Bgal tenders.
41,094,700
33,298,800
Ijegal reserve $97,475,650 Ino .$1,626,250 $88,431,525 $86,393,175
130,491,600 Inc. 6,291,800 139,580,300 103,679,400
Beiserve held
Borplas
$33,015,9.-.0 Inc .$4.66.%,'>.50
Exchange.— The
$51,148,775
a
861a
4
B<i
153S
143|»
409, 534069
4039«»40''l8
95ia>!>95»8
a96J«
96
'United States Bonds.— Government bonds continue quite
Pricea
and very little has been done in them this week.
are very little changed, except for the 3s, which have declined.
The closing prices at the N. Y. Board have been as follows:
dull,
is
1886.
Jan. 1 6.
®4
4 86
Franktortor Bremen (reichmarksi
nothing essentially bad in the present status of affairs
in the outlook for the immediate future.
or
The strength of the Trunk line pool has been pretty well
shown by the fact that the other roads have not followed the
The
cut in passenger rates made by the Baltimore & Ohio.
confidence of the managers is evinced by their having the
courage to maintain rates in the face of this open reduction in
the price of through tickets to the West, and there can hardly
be a doubt but that this is much the wiser policy, and the
losses will be insignificant compared with what they would be
under a general demoralization of freight and passenger rates.
There seems to be a considerable extent of new railroad
mileage in contemplation, but nearly all of it by old companies
that are able to bear the loss for a few years if new feeders do
not pay their full interest, as in the meantime they have the
benefit of the new business contributed to their main lines
from the ingress of population and development of agricultural
resources in fresh territory. The building of legitimate feeders
to such railroads as Burlington & Quincy, Missouri Pacific,
Atchison, St. Paul, Northwest, Northern Pacific, &c., &c., is
not the sort of railroad building that brings trouble afterwards.
There was another lot of $500,000 gold prepared for shipment to-morrow, but it is not at all certain that this indicates
The Bank of England rate has been
large shipments to come.
reduced, the general temper of the market for American securities is vastly better than last year, and the supply of wheat,
corn, cotton and provisions ready to go abroad on the first
'
.
4 6f,'h
all parties
there
4 90
4 88
5 ITiaaS 16'8 5
seem to be waiting for a better business to spring
anticipations which were indulged in of a rapid im
Any
•up.
provement in stocks or merchandise during January have cersaid that
tainly thus far been disappointed, and it can only be
while there has been no great advance or improvement in tone,
and
Demand.
Sixty Dayt.
22.
Prlmebankers'sterllng blUs on London.
Feb.
1 ^
WAI.L STREET, FRIDAY, Jan. 23-5 P. M.
The Money Market and Financial Situation.—There has
I
[Vol. XLII.
«17.2')4.225
sterling exchange market has been firm all
the week, though not active, and the posted rate for 60-day
bills was advanced to-day \ cent to 488, in consequence of the
reduction in the Bank of England rate of discount from 4 to
8 per cent, and a small increase in demand. Commercial bills
lemain in small supply.
Jan.
reK.jQ.-Mar,
Mar.
oonp.
-Jan.
reg,
oowp J.-Jan.
4>«B,1891
4>«8,1891
4s, 1907
4s, 1907
38, option
*
'95
'96
'97
'98
—
reg.iJ.
reg. J.
reg.lJ.
reg.iJ.
'99-. .reg. J.
This 18 the price
&
A
&
&
<St
State and Railroad
Jan.
Jan.
19.
20.
I
looisei
10l>4! 101
12.'i»4,*125is*125is
127 ns-n, >12-34
129% *129!\i*I 20^8
133 ;*133 '133
J.
J.
JJ.
J-
at the
tild
Jan.
18.
21.
Jan,
23.
112% '112»« 112ia'112i2 1121*1 •112'*1
112^ 112i« )12>s*112iK 112iv •112'* (
l23^ >1233» 123^8 '123% I23I3 •123>«
12333' 123% *1233p' 123% 123i« •123»3
D. 8.. ..leg. §.-Feb.
69,our'oy,
69, onr'oy,
63, oar'cy,
6.'(, onr'oy,
68, oar'cy.
Jan.
16.
Interest
\Periods.
135i4>135
-135
morning board
:
UiO'^s, •ICOTg
12534 •125%
12Sl4| •128 "4
'1291a' 13'i5s 13ij6»
'133
'luSlft' •13318
135i8ln35ia.
•135
>iOO%
>125'4
•127
;
no sale wan maoe.
quite active
Bonds.— State bonds were
early part of the week, but latterly have been dull.
Transactions for the week have been $30,000 Tennessee Os, at
at 62J-63; $34,00a
53J-4J; $13,000 do. compromise bonds,
North Carolina special tax, at 8i-i; $1,000 do. 6s old, at 33;.
$3,000 do. funding act, 1866, at Hi; $8,300 Virginia 6s, deferred, at 12; $13,100 do. trust receipts, at 11-13; $1,000
Missouri Os, 1886, at lOOJ; $3,000 South Carolina Brown consols, at 108J; $5,000 Louisiana stamped 4s, at 73.
Railroad bonds have been moderately active and somewhat
irregular in tone, though prices were generally weak in the
Latterly some of tho
early dealings, in sym]>athy with stocks.
in the
lower-priced classes have become more active and strong,
imparting a better tone to the market.
The closing prices and range of a few leading bonds are annexed.
Range since Jan.
Closing.
Name
of Bond.
N. Y. Ij. E.& West., 2d consol.
West Sliore, Knar., 48
Canada Soutliern 2d OS
North. PaclUc
Atliintlc
&
'2rt
coup,
Facitlc,
Do
W.
Jan. 15 Jan. 22
69i
92%
fis
D., 1st 68.
incomes...
... ..
N. Y. Chic, ifc St. Louis 1st 6s.
Texas & Fac, iiie.^aud W^^^^-
do
.
-
''---'
'
8914
2518
961s
89 Jan.
9034
101^8 IOII4 Jan.
8il8
84 Jan.
01 la Jan,
92
841a Jan.
"24 79
9S58
3773
J^: "491^
49 >a
100 la
99%
7(-l»8
731a
L & San Fran. gen. M. 68.
East Tenn. Va. & Ga., con. 58.
6s. ex. coup...
do
Do
incomes
do
Do
Oregon Sliort Line (is
Mil. Lake Shore A- Western iiic
St.
901a
10218
85 14
63
20
IOII3
Lowest.
67
20
101
9II9
23%,
I
an,
94
Jan.
Seis Jan.
45 "a Jan.
99 14 Jan.
6814 Jan.
61% Jan.
19 Jan,
98I4 Jau.
88
Jau
1, '86.
Jlighest.
94i»
.ran.
104
Jan,
87-% Jan.
9313 Jan.
90 Jan.
26I4 Jan.
99 Jan.
38 Jan.
5014 Jan.
lot's Jan.
74 Jan.
671s Jan.
21T^, Jan,
lOlia Jan.
9114 Jan.
Railroad and Miscellaneous Stocks.— The stock market
has been rather more active as a rule this week, and prices
have been irregular. In the early part of the week the market
was very unsettled, and the bears made a successful raid, which
carried all stocks down considerably, the greatest weakness
being shown in Pacific Mail, Union Pacific and Lackawanna,
which were special objects of attack, and about which various
Still, there were no imporunfavorable rumors were current.
tant developments of an unfavorable nature, and the decline
was the result of manipulation by the bears, assisted by reportsof more or less importance, such as decreased earnings,
unsettled coal prices, and fears of cutting in passenger rates by
Ohio's reduction. In
the trunk lines to meet Baltimore
regard to this latter report, however, it is semi-oflicially
announced that no reductions will be made, the roads preferring
to rely on full rates for profits, rather than upon what increase
of business would accrue from the cut.
On Tuesday there was a change in the tone of speculation
and prices recovered somewhat, and since then the market
has had a better tone, and most stocks have more than recovered the early decline, the exceptions being those few
&
leading specialties which were most conspicuous for weakness,
Mail, Union Pacific, Lackawanna and Louisville
Nashville, the latter having been sharply depressed, owing
to a bad showing of earnings for the 2d week of January.
New England was more active and rose to 39} toN. Y.
day, on the current reports of an alliance with the N. Y. New
Hartford.
Haven
viz.. Pacific
&
&
&
January
THE (CHRONICLE.
28, 1886,]
119
NEW YORK STOCK EXCHANGE PBICES FOB WEEK ENDING JANUARY
AND SINCE
39,
niOnEST AND IX)WE8T PRICES.
STOCKS.
Monday,
Jou. 18.
Saturday,
Jnn. lU.
UK.
Active
ranadliiii
Stoeka.
e.'ias
67 '8
30's
4-J»'
...,
Central of Nrw Jorsoy
Central i'atitic
Clieaapt'uke iSc Ohio
4341
Jan. ID.
4<)>8t
I'lii'ltlu
CiiiiiuLiLHiiuthfrn
Tue«d»y,
C6'.i
67
3Hhi
30%
42%
'
4'Ji4
3i)>4
11»)<
40
07 '4
67
38%
44
07
671a
39 19 3908
431a ISM
401a 41
11
ISH 1839
3933!
4339
39=8
I
6714
671s
39% 40 14
43% 4II9
12
19
15
19
I
i
67
Danville...'
A West Put Terminal
Roehester A Pittslmrg
80
34
80
34
77
791a;
321a
331a
•77
11,280 e2''s Jan. 5 68>4J8n. 14
8.756 38 la .Ian. 18 4314 Jan. 5
9,455 42>4Jnn. 18 4539 Jan. 11
3,024 39i4Jaii. 18 44i4Jan. 2
1,590 11 Jan. 20 13i4Jan. 8
I9I3 I9I3
.500 ISi^Jan. 20 21 Is Jan.
6
12
14
200 13 Jan. 13 13 Jan. 2
.'.71
141 141
40 Jan. 4 143 Jan. 11
6,050 134% Jan. 18 140 Jan. 5
1371a 137^9
9314 9419433,696 9014 Jan. 18 9038 Jan. 2
12]»9l21'9
5,081 1 '20 Jan. ISlumJan. 5
"
IO714 108
98,880,103% Jan. 19 llo'% Jan. 2
1,475 135 Jan. 18 137% Jan. 7
1361s 13612
1,170 127 Jan. 18 1303| .Ian. 4
129131291a
14
14
240) 13
Jan. 18 ISUJan. 5
34
34
390 30 Jan. 10 33 la .Ian. 5
3738 3838 21,090 35=8 Jan. isl 41% Jan. 5
6,'208 98
101
102
Jan. 18 104''8Jan. 5
3,140 .301s Jan. 18 00 Jan. 2
.9338
53
110=8 117% 422,934115 Jan. 19 1-25% Jan. 2
14% 14%l
2101 14% Jan 22; 20% Jan.
2
23% 23%
400 21% Jan. 18 26 Jan. 7
4->8
8,379
4% Jan. 20 0% Jan. 2
4'>H
8% 8% 6,295 8% Jan. 22i 11% Jan. 2
500 68 Jan. 81 70 Jan. 6
22
24
6,582 19% Jan. 18 24 Jan 22
8 Jnn. 16 10 Jan. 2
8% 8%
840
34
34
10 34 Jan. 2 36 Jan. 6
1,2-20 138% Jan. 18 141
140ifl I4OI2
Jan. 9
0,O50| 2314 Jan. 18; 28^8 Jan.
231a 26 14
5
1519:
15
6,280 14 .fan. 18 18% Jan. 5
84=8 83=8,308,733 82% Jan. 18, 8914 Jan. 4.
1,299 80 Jan. 20| 84 14 Jan. S
811a 82
381a 39'e 68,176 38 Jan. 19 45'8 Jan. 4
36
30
700 33%.Ian. 18 38 Jan. 11
12013 120%
4,113 120 Jan. 2 12114 Jan. 20
•77
79
32%
341s
•33% 34%
34
•3
*2
•2
339
4
4
4
•20
20 14 20 14 2OI4 2OI4
21
211s
45
45
44
46
44
44%
441a
lOlia 102 la IOOI3 101
lOOia IOOI2 100% IOII4
„
*3«i4 39
Bt. Paul A DiUuth
39 19
38
37
37
37
38
Do
lOOia lOO's 100 IOOI4 lOOia 101
100% 101%
pref
Bt. Paul Minneap. A Manitoba. 109 14 110
107''9 107''8
1107 108%, 100% 108
Texas A I'aciUc
III2 I2I4; III4 1134
Ilia 12%
ll's 12
Union Paeilic
.'...
50 14 52=8 48% 51
49=8 51'(
50% 51%
Wahash St. Louis A Pacific
10
913 10
9=8 10
9=8
lOls
9=8
I8I4 18=8 •18
•18
18% 19
20
P™f
... '''"..
Louis
8t.
ASan
Do
Do
Francisco
pref
l8t pref
•3
•45
A
Consoliilated
A 8usi|Uellanna
Anieriean Di.^triet Telegraph
Atchison Topeka A Santa I"e.
A
Pacitle
Bankers' A Merchants' Tel..
Boston A N.Y'. .Virl.ine, pref.
lini iit-'ton Ced. Kapids A No.
.u,-..ii
<
!
Co
<
I
I'alls
1
H
1
!
111.
iiiro
—
New York
u
_
Morris A Essex
I.
Lack.
New Y'ork New
„ J^
QulcksUver
Do
,
A
A
A cliioago
74,159
8,770
S\
2,320
19
1,310
24=8;134,630
52%! 3,190
"'
39% 21,565
1,439
6% 3,711
'
18^8
26%
58''9
1=9
23%
50 14 51%
10
10
20%
3414
20
4
20
•44
45
50%
10
100
3,300
7,333
91,370
2,310
2,800
3834
5114
10
•181*
19%
88%
89=8
18%
790 15i4Jan. isi 19 Jan,
300 21'^jJan. 18 25 % Jan.
23
30%
100% 100% 101% 101%
108% 108% 109 109%
12% 12% 12% 12=8
•18% 19
0,201
11
26''8
80
38%
800
104% 85,864
42,948
2,625
7,110
4,425
3,001
31,388
22
4
5
28% Jau.
18 3434 Jan. 5
19 Jan. 18 22% Jan. 6
19% Jau. 10 22% Jan. 4
500 77 Jan. IS 82% Jan. 14
2,680 32% Jan. 18 3714 Jan. 15
lOOl
3% Jau. 16 4%. Ian. 7
610 20 Jan 13 23% Jan. 7
810, 44 Jan. 19 48% Jan. 7
1,703 98% Jan
4 104 Jan. 7
1,831 37 Jau 18| 42% Jau. S
2,05l!lOO Jau. lK,104i4Jan. 5
4,935106% Jau. 19,113 Jan. 4
10,542 10% Jan. 8 14=8 Jan. 2
182,307 4834 Jau. 18 30% Jan. 2
1,925
9% Jau. 18 12% Jan. 2
1,700 IS^Jan. 18 23=8 Jan. 2
56
23
2314
.58 13
25^8
99
'140
102
•01
Co
pr.^f
7214
56I4
70^8
57^8
Tl'^s
150
'140
150
1021a 101=9 102
119
.'.".'.'
27 14
"
140%
27%
600
ioi% 100% 101% 101% 102
11,462
57
58
57% 58% 57% 58% 187,109
132% 132% 132 133
134 134
381
7114 71%
71=8 72%
71% 72% 116,722
i'oV)
140
103
•119
148
103
65
121
'140
140
•61
100
•61
119
148
140
150
102% 102% 103
•61
05
63
120 121%
121
87% 87%
128
133
9
3
8%
•2
99%
8%
3
21
9
214
100
9
2I4
8%
8%
214
214
70% 70%
59
•12
17
155
•11% 13
3OI4
29% 30%
5.3
5014
134
5OI4
70
146% 140%
29
.50%
133
101% 101%
30
50%
133%
29% 29%
141% 141% 141% 141%
132% 132%
•7
20
40
13
24
24
10% 10%
These are the prices bid and asked; no sale tras
0% 8
25%
40% 40%
30
18'8
5114
30
30
51
52
205
IKl
23''8J.an. 19-
99
30
133%
Jau.
Jan.
Jau.
Jau.
Jan.
70%
•0%
•0%
8
25%
•13
•41
•13
43
15
•10
11>8
made at tlie Boafd.
•0%
7%
24% 21%
42%
•41
•13
11
f
Lower
97i4Jan.
29% Jan.
19;108i4 Jan.
18l 07
Jan.
201133% Jan.
75 'a Jan.
18
149% Jan.
104
05
259 101=8 Jan.
5 62% Jau.
21 120 Jau.
•23
•40
•13
15
11%' •11%
;
8
25%
110 138 Jan. 18 140% Jan. IS
100 30 Jau. 4 30 Jau. 4
20 87% Jau. 18 93''« Jan. 14
1,855
8% Jan. 10 934 Jan. 5
2i4Jau. 19
3% Jau. 7
500
113 97 14 Jan. 3 100 J.in. 19
38 70 Jan. 11 73 Jan. 7
00 Jnn. 14
300 33 Jan,
100 12% Jau Hi 14i4Jan. 9
225 1 7 Jan IW 23% Jan. 5
Jau. I9I1.35
9 133
60 li>0%Jan.
32 20414 Jan.
205 141 Jan.
50;132%Jiin.
7i4Jan.
....I
200I 24 Jan.
20 103
is 30O
6
18
805'
10% Jan. 16
9
Jan.
Jan.
Jan.
«
2
6
3H43iJan. 22
19 132% Jau. 19
38% Jau.
15
price Is cx-olvidend.
Jan. 19
322 70 Jan. 18 70 Jan. 18
40 140% Jan. 11 147 Jan. 4
2,470 39 J(ui. 19; 34 Jau. 5
300 17% Jau. 13! 30i4Jan. 7
2,598 .3014 Jivn. IS 53%,Ian. 11
2001
12%
Jan.
Jan.
122% Jan.
31213314 Jau.
133
100% 100%
144% 144%
•24
14
12
18
.50=8
133
100% 101
•24
12
30
18
205
5114
20414 205
.
13
87>4Jan.
5 135
70
Slij
•11
18% 18%
153
70
30
3
59%
15
18% 18%
17
•8%
9
2=8
100
Jan. IS 23% Jau.
2(103 Jau.
98% Jan.
144
I
140
63% 63%
119 121%
65
122
12% 12%
•22
23% 23%
23'9
100%
134
70%
23%
23
30
spc'cial.
.Mining
Central Coal
'
26% 271a
99% 102%
70% 75
Bt Louis Alton ATerrc Haute. 40
Cameron Coal
!"' •13
New
2218
IS'^s
We8t.,i)ref.'
Western!!'
Haven A Hart.
Pittsburg Ft. W.
38%
100% 100 14 100% 100 14 100 14 100% 100%
89=8
88% 88
88% 89^8 88% 89%
13'2'>8
Mil. Ijike Sliore
..
8%
•2 Is
9913
A
Manhattan Beach Co
1.
30
*17
.Mton. pref...'.
Cinr.ii. lud. S^t. Louis A Ohio..
Cleveland A Piltslmrg ...
Columbus Hoi king V'al. ATol!
<
,
A Minnesota
Iowa
Ce!irral
22
IOOI4
8714
138
AllHiny
Atlantic
700
^8
29'i
101% 101%
101
38
46%
109
15
48
68
Calile Co....
A Iron
23
23
Oas Co
lOO'^g 101
Delaware A Hudson Canal!?!
88
8914
Orei,'on Improvement Co
Oregon Railway A Nav. Co
103 103%
Pacific .Mail
5838 00 la
Pulliuau Palace Car Co
132 134
Western Union Telegrajih!!!!
71=8 73
Expre«8 Stocks.
Adams
140 1.50
American
103 103
United States
!!!!!" "62
63
Wells, Kiiriro A Co
I22I3I22I3
!!
Inactive Storka.
Colorado Coal
20%
1,940
1,280
I914
•3
45
Jan. 191 38% Jan. 4
Jan. 18! 703.1 Jan. 2
Jan. 18 22i4Jan. 4
45i4Jau. 18 51% Jan. 4
27% Jan. 18 32i4Jau. 2
107% Jan. 20 114% Jan. 11
15%Jan. 11 17 Jan. 5
46 Jan. 2 50 Jan. 7
IO214 Jan. 16 107 Jan. 4
8
Jan. 18 10 Jan. 5
17 Jan. Irij 23 Jan. 5
23 Jan. I81 27% Jan. 7
50% Jan. IS 58 Jan. 7
3014 Jan. 14| 39% Jan. 22
18% Jan. 18 21% Jan. 4
0%Jau. 21! 8% Jan. 2
17% Jan. 18 22% Jan. 2
10 Jau. 9, 1 1 14 Jan. 2
25=8 Jan. 18 3014 Jan. 4
2534 Jan. 18 29
Jan. 2
SO'aJan. 18) 61 •'8 Jan. 2
li4Jan. 19l
1 % Jan.
2
21% Jan. 18; 23% Jan. 2
40 30
70%
34
4
•20
•44
101
33e
201a
niiacellaneona Stocka.
Anierifaii Tel.
34
Blgbeat.
40'8
,
Kielimd
1886.
68
39''9
I
Richmond A
Lowest.
(Sb'res)
1,
43 »8 44
411g 42
11
12
3»<>g
SO'g
4018 42
11
11% 1114 11>«
11
lH>a la's •1719
18% 18%
•13
"13
13:^ 13% •12
14
Do
IJilpret
Clileagu tic Alton.
1411a 141>» 1401a 140>a 1401a 14013 140 140
13«i2 134% 135
135 135% 1353H 1353S 130 i.j 138
Clilcugo Hiirllnuton AQulnoy. 130
90% 92Js 90>4 91>9 90''8 92%i 91% 92'rt 91% 9379
CUioaKn Milwaukee <b St. Paul
121 's^ 121
prof.; 120»4 ism. 120
t»o
1201a 121
1211a
1211a 121
lOC'i 107'4 1051a 100% 10339 loO'e lOOis 106'»8 100% 107=8
CUlcago A Northwestern
134 135
130
130 1301a
1)0
prof] 136»3 ISO's! 135
135 135
127 127
127 1271s 128 128
12814 I28I4
Chlcajto liock Island * Paelllo.
"13
*12
13
*13
15
13
14
14
14
ClilcaKO m. LuuiM <t2 1'ittaliurx
15
33
'3<l
"30
30
30
33
34
34
34
Do
pn^f
34
30 14 37
35=9 30%
38 la
Chloneo St. Paul Minn. & Om
36»8 371*
3fl''s
30's 3706
99 14 »!» 100 la 99I4 100
100 lOOJfl 98
pref
100 101 14
Ho
52'
52 14 53
51'8 52%
Cleveland Col.Cin.A Tndinuap.
51% 33
501a 51%
521a
Delaware Lackawannaife West »H7»4llS% 11014117% 115 118
llOia 11838 ll«ia 1171a
*15
Denver A Klo (Irandc
lU^ 17
17
17
15% 17
.\.s.<(»snii!iit paid.
Do
211a 2113
23
28
6I4
4in
4I9
4=8
5
5
4% 4''8
East Teiiue«8ev Vu. & Ua
5
61a
8 '8
Do
pref.
8»9
S'g
9
8% 9
81a
9
8%
81J
*67
•67
Evansville A Tirre Haute
68
68
68
08
69
69
1938 20I3
20 13 21i£ 22
Fort Wi»rlh A J>enver<,'ity
21
20
21
21% 23
'8
tirocu Hay Winona ASt. Paul.
9
9
8
9i8i
8
8% 8% •8
8%
*34
*33
•34
Illusion A Texas Central
39
40
40
I39T9 138% 139
Illinois Central
139^8
13914 13914
139 «a 1.391a
23 14 24I3 24^8 25% 25Indiitiia l{looinin:;t*u & Wcst'u
25 13
2539 26
24>a 2II2
14iai
14
Luke Krie A Wciteni
1458 15H>
1538
15
13
1514
141a 15
Lake Slii.io A Mich. Southern.
82'8 84^8
8239 84
82'9 8418
8314 84%
83^8 8339
80iS9 811a
Ix)n^' Island
82
80% 80% 80
81% 81%
821a
811a
38I3 39=8
4OI4 4218
I.ouisvUle A Nashville
40=9
391a 41i«| 38
38% 40 14
I.oula. New Alli. A Chicago...
36
30
30
351a 351a
361a
Manliattan Elevated, consol.. 120
121
120^8 120 12118 121
I2114I2114 120 1211a
Meiuphi.s A Charleston
30
30
*68i3 ....
Mi Chilean (;entral
•68%
70
68
71
681a •671a 70
69%
18''9 19
Mluniapulis ASt. Louis
18ifl 19
18=8 18=8
20
20
19 14
18'8 18^8
45 14 45% •45 ...
•46
Do
pref.
47
46
40
46%
MIs.sonri Kansas ATexos
293$ 30%
27% 30
28
2939
2919
28
28% 2979 29%
Missouri Paeilic
lOSia 109% 109 11018 10719 109% 108
109 110
109
109
•14
Mi.hile A Ohio
16
12 15 •13
Nash v.(;h»ttanooga A.St. I-onis 48
•4014 48
47
47
48
48
48
48
New York Central A Hudson. IO214 103i« 102% 10339 102 'a 104
103 14 104 14 103=8
10319 104
8I4
8I4
--'4'
Kew York Chic. A St. Louis.
8ia
814
8
8
8%
81a
81s
S'^s
Do
17
18
17
17%l I714 18H
pref.
18%
181a I8I2
Hew Y'ork Lake Erie A Wesfn. 2318 24 14 23
24
23% 2419 23% 2414 24
24=8
2414
Do
51
51% 51% 50 13 51
52
52
52 13 52%
pref
52
521a
New Y'ork A New England. .
30% 37% 3612 37141 36% 37% 3714 371a 37% 39 14 38=8
New Y'ork Ontario A Western
1939 1939
19% 19% •I914 20
181a 1939 •18%
6I3
New Y'ork Susq. A Western. ..
6% 6%
7
7
6% 6=8
6% 6%
6%
6%
Do
18«8 18 '8
I713 I8I2
17=8 I8I2
18
18
prof.
18% 18%
181a
*10
•9
Norfolk A Western
10
10
11
25=8 27
Do
27
27
26
27
26=8 37
pref
26%
201a 26''e
26I4
Northern Pacific
201* 26%
25% 2OI9 26
2579 20
20% 26% 26%
57I8 5314
57''9 58 •'g
Do
5678 58 14
jiref
571a 5838
58
571a 58%
II4
Ohio Central
II4
lis
lia
lifl
1=8
1%
1=8
1%
1% 1%
Ohio A Mississippi
2138 2238
2214 22=0
23
23
23
22% 23=8 23
231s
I5I4 1514
Ohio Southern
151a 151s
•23
•20
•21
Oregon Short Line
•22
21'8 22
•18
25
24
23
25
Orexon A Trans-( ontlnental..
2838 29%
29
3114
2918 29=8
29% 30% 29%
281a 29=8
Peoria Decatur Evansville
19=8 20
19
1919
19
19% I918 191a 19% 20
19I3 20
Philadelphia A Heading
2019 20 19
20
191a 201a
20%
20%
BO'S
12
Istpret...
I)n
Week
Friday,
Jan. 22.
1880.
1,
Bsnge ainee Jan.
Bale*
of the
Wedneattay, Tbundsy,
Jan. 20.
Jon. 21,
JAN.
4
Jau, 13
Jan.
8
Jan. 13
Jau. 7
l(>i4Jan.
2
12 Jan. 19
8
23%
43%
THE CHRONICLRl
120
QUOTATIONS OP STATE AND RAILROAD BONDS,
STATE BONDS.
BKCTJBITIBS.
Bia.
99
105
P6
105
SBCTJRITIES.
Ask.
A)«bama-ClaBS A, 1908
100
Olaea B, 58, 1906
CBms 0,48,1906
es, 10-208,
1900
Stamp
18
15
18
18
7«,L.R.P.B.*N.O.RR
R. ». RR.
7», MlsB. O.
7b, Arkansas Cent. BB.
cfe
7
10
102
100 la'
etorgla— 68, 1836..
18.1886
112'a
1890
72%
;
....
1
BECUBITIBS.
—
Tennessee— Continued—
N. Carolina—Continued
New bonds, J.&J., '92-8
7S'«
68, new series, 1914
C'mp'ml9e,3-4-5-68,1912
Virginia 63, old
Special tax, ailclassea..
100
108
110
115
102
New York- 68, reg., 1887 10»
lis
68, loan, 1891
118
68, loan, 1892
121
loan, 1893
69,
SO
N. Carolina—68, old, J. 4J.
10
Funding act, 1900
—
Do
Wil.O.&Rn.R.
Consol. 43, 1910
69, 1919
Ohio— 68, 1886
South Carolina
68, Act Mar. 23, 1889)
non.fnndable, 1888.
68, new, 1866
68, conaol. bonds
6a, ex-matured coupon.
68, consol., 2d BOries
6s, deferred
District of Columbia—
S-66B, 1924
(
Brown conaol'n 6b, 1893
Tennessee -68, old,1892-8
6«. new, 1892-8-1900
Beglatered
Funding
58,
110
1899
Bid.
Ask.
SECURITIES.
Del, L,
Exchange Prices.)
iLtch.T.&S.F6-4 123.1920
Sinking Fund, 68,1911.
&
Pac— l8t, 68, 1910.
Atl.
Baltiniore & Ohio—
lBt,68, Park. Br., 1919.
68, gold, 1925
Bur. C. Kap.& No.— l8t,58
Consol. & col.tr.,58,1934
Minn.&St.L.— lat,7s,Kii
la. Wty <S Weat.— l8t,78
C.Kap.I.F.& N.— l8t,6e
N. Y. Lack.A W.— lst,6s
Construction, 58, 1923
Del. & Hud. Canal— l8t,78
:.
l8t, ext., 7s, 1891
Coupon, 7s, 1894
86 >Q
121HJ
109\
108 >2 109
101 =2
136
1912
lst,con8.,guar.68,1908
47=4
& Bar,— 1st, cp.,78
Deuv.A Rio Or.— 1st,, 7s..
lat, con.3ol., 78, 1910....
Truat Co. receipta
Den So,Pk,A Pac— l8t.78
104 14 Den. A RioG.West.— lst,6s
85% DetMack.AMarg,- lat,88
10712
Land grant,
E,T,Va.
3I23, S,
1911
5-63
l8tmort.,7s, 1893
Sinking fund, 6a, 1903
La. & Mo. Riv.- Ist, 7s.
.
2cl,7s, 1900
Chic— 1st
St. I» Jack.
Ist, guar, (564), 7s,'94
2d, (360), 7s, 1898
2d, guar, (188), 7a,
Mls8,B,Br'g6— lat,8,f,6s
&
Chic, Burl, & Quincy—
Consol, 7s, 1903
6b, sinking fund, 1901
A..
A G.—Ist,7a.l900
1930
Ex coupons 9 to
114
6s, gold, series A., 1908
68, gold, series B., 19081
68, currency, 1918
68,
&
Ist, cons., 5s,
Pnr. money f and. ,1893
Mortgage,
102
.
& Ohio—
Ches.O.&S.W.—M.,
Chicago & Alton—
Ist, Pa. Div,, cp,,78,1917
1st, Pan. Div,,reg.,1917
SusQ.— lat, 7a...
Alb.
1st, cons., guar.73,1906
Rena,
100
l8t,5s.l921
47
Buff. N. Y. <ft P.—Cons. 6s
General, 63, 1924....
104
80.— lat.int. guar.
Can.
85 U
2d, 58, 1913
Central Iowa— Ist, 78,'99t loo's
DlT.— lat, 6s, 1912 "66'
East.
Div., l8t, 6a,
&
W,— Contin'd-
M,&E.— 1st, con.,KU,,7s
Bailroad Bonds.
Chesapeake
Bid.
Div.— 8,
Ask,
Bid.
iflC;
105'4
80=8
3614
Eliz.C,
8312
SECURITIES.
.
,
C'oupon, 58, 1931
Registered, 5a, 1931
Milw.
137
lat, 6a,
1884-1913
118
2d, 7a, 1913
PltKl Ft.W.AC— l8t,78
2d, 78, 1912
3d, 7s, 1912
ClBv.
P,— Cons 8 fd..7s
4th, 8. f., 6s, 1892
141
138
134
128
A
IO9I2
1131a
IO8I4 1081a
St.L.V.AT.H.— l8t,g.,7e II8I2
lllin 113
*105
2d, 73,1898
130
2d, guar,, 7a, 1898....
1'20
Pine C'k R'y— 63 of 1932
100
106
Pitts, Cleve. A Tol.— lat,8s
Pitta, June— 1st, 6s, 1922
1361a
MU.L,S AW,- lat,8a,1921
107 14 107=
Mich. Div.— 1st, 88, 1924
1301a
Ashl'd Div.-l8t.63,1925
ii7'B 118
Minn,ASt,L,— lst,78.1927
142
Io\Ya Ext.— Ist, 78, 1909
115''8 116
2d, 78, 1891.
«85
90
S'thw.Ext— l8t,7s.l910
8818 89
Pac. Ext.— Ist, 6s, 1921 i08"
Pitts. McK, A Y.— 1st, 6s,
79=1
McK.AT.— Genl„6a,1920 91
RomeW,A Og,— l8t,78,'91
74=9 76
7612 77
General, 5s, 1920
Con,. 1st, ext„ 5b, 1922.
60
II7I2! Roch, A Pitt,— lat. 6s, 1921
Cons,, 7s, 1904-5-8
90
Cons,, 2d, income. 1911
Con.sol.. l.st, 6a, 1922...
il6i2
H.&Cent.Mo.-lst,7a,'90 109
Rich.A Aileg.-lst, 7a,1920
74
112
Mobile A Ohio— New 6s
Trustee, receipta
6718
Collateral truat. 6a, 1892
Rich, ADanv,— Cons., g., 6a
1
II012
114
Ill
I
Il01l2i
Extension, 6s, 1927
Morgan'8La,AT,— lat, 68 106 {IO6I4I
119'2|l21
l8t, 78,1918
l«t.
innU Nash.Chat.ASt.L.— l8t,78
ISS^
126'2!l27i2
2d,83, 1901
N, Y, Central— 6s, 1887 ..
Deb. certs., extd. 58
N.Y.C.AH —1st, cp., 78
lat. reg., 1903
Deb., 58, 1904
112 12
107
115
107
130
120
Harlem — lat,
124=4
7s,
1st. 78, reg.,
II6I2 118
coup..
1900
N.Y, Elev,— lat,
I23I4!
!
N,Y,P,A
N,Y,C,AN.— Gen.,6a,1910
1886, coup
Trust Co. receipta
N.y. A N. Engl'd— Ist, 78
1st, 68, 190°
Coilafi truat, 8s, 1922
85
1121a 112=4
104
105
Atl, ACh,— 1st, nr,,78,'97
Incomes, 1900
Scioto Val.— 1st, cons,, 7a.
St.Jo, A G'd lal'd,- lat. 6s
—
.
1
125
64iai
64 la
57
126-'8ll28
116' 118
l8t,S.Minn.Dlv,,6a,1910
Ist, H. AD., 7b, 1910,..
ChlcA Pac,Div,,6a, 1910
l8t,Chic,JiP,W,,6.s,l921
Min'lPt. Div., 68, 1910.
C.& L,Snp,Div., 68,1921
Wis.& Miu,Div.,6s,19zl
Terminal 5s, 1914
Fargo & So, 53, A8BU.,'24
Chic. & Northwest,Consol. bonds. 78, 1915
Coupon, gold, 78, 1902.
Regiat'd, gold, 78, 1902.
Sinking fund, 6s, 1929..
Sinking fund, 5a, 1929,.
Sluk'g M., deb., 5»,1933.
26 years deb,, Ss, 1909.
Eacanaba & L,S l8t,6a
Dea M. AMiu'ap,— l8t,7s
Iowa Midland— Ist,
8s,.
Peninsula— lat, conv.,'7s
Chlc&Milw'kee— l8t,78
yrta.&St. P,— l8t,78,'87
2a, 78, 1907
MU,& Mad.-l8t,68,1906
& St.P.— lst.58
North.IU,— 1st
58, 1910.
C.CC.&Ind's— l8t,78,8,fd.
Conaol. 7a, 1914
Conaol. aink.fd.,7a,1914
General consol,, 6s,1934
Chic, St, P, Min,
Cm.—
Consol, 68. 1930
C..St,P.<ftM.-lst68,1918
&
No, Wis -lat, 68, 1930
8t.P,*8.0.— l8t,68,1919
Chlc.&.E,Ill.— l8t,8,f.our.
Consol., l.st, 68, 1934. ..
Ohlo.st,L,AP.— l8t,oon.68
Clilc,AW,lnd.— lst,8,f.,68
Genl mort., 6a, 1932 ...
Chic.
&St,L,— lBt,«8,1915
ly>.A Green,— l8t,6s,1916
2168,1926....;....
OoL H.Val.<t Tol.— 1st, 6s
Del L. & W.— 7s,oonT,,'92
Kortgage, 78, 1907
SjT Blni',AN.Y.— l8t,78
Morris
&
Essex— 1st, 7s
1891
Bonds, 78, 1900
7«ot 1871. inoi
2d, 78,
110
•98
50
107
1
53
108
117=4 117'.
112
112=4
108iailO9
109=4
90=4 91
117
112
2d,pref„78, 1894
2d, income, 7a, 1894 .... 104 14.
Bellev.A So. 111.— lat, 8a 116
St.P,Minn.AMan,— lat,7a 1121a
119
2d, 6a, 1909
.
1120
11912
115=4,116
Dakota Ext,— 83, 1910
95
96
1st conaol,, 63, cp., 1933
95
95 "a
Truat Co. receipts
Min'a On.— lat, 6s. 1922 116
68
2d, 68, 1923
731a St.P. A Dili.— lat, 68,1931
77
N. Y. Susq. A W,— lat, 6st
771a' So. Car, R'y— l8t, 68, 1920 10914
32
Debenture, 68, 18971. ..
2d, 08,1931
Midland of N.J.— lst,6s 100 -la' 103
Shenand'hV — lst,7s,1909
-92
1112
N.Y.N.H.AH,- l8t,rg..48
General, 68, 1921
111=41112
N.Pae.— G, l,gr,,lst,cp.
SodusBayA So,-lst,5s,g. 101
70
801a
Registered, 68, 1921.
Tex,Cou,—lBt,s,f., 78.19(39
117 119
91 '8 92
70
Gen„ 2d, gold, 68, 1933.
l8t,78, 1911
8712 88
57ial
N,0. Pac—l8t,6s.g., 19201
Tol.AO.C— lst,g.,6s,1936 9414
1191. 120
Norf. AW.— Gen,, Ba, 1931 103
Tol. P. A W.-l.at, 7s, 1917
110 II2I2
98 W)
New Biver— lat,68,1932 105
Trust Co. receipts
103=4 103781
00
91
Imp, A Ext,— 68, 1934..
Tex. A N. O.— 1st, 7s,1905 116
99
100
83
8S
.\dJU8tmt, M.— 7a, 1924,
Sabine Div,.-l6t,68,1912
100
99 '103
Og(
Va, Mid,— M, inc. 6s,1927
88
Ohio A Miaa,— Cona, a.f,78 120
Wab.St,L,APac— Gen.,68 "48
50
86
Consolidated 7s, 1898,.. 120
Chic. Div,— 58, 1910
2d, conaolidated,7a,1911 '114
Hav, Div,-6s,1910
lat Springfield Div,, 78.
911a
Ind'polis Div,— 6s, 1921
116
77
Ist, general, 6s, 1932...
Detroit Div,— 6a, 1921..
109
Ohio Cent.— l8t, T, Tr., 6s
Cairo Div. — 5a, 1931 ....
iBt, Min'l Div., 6s, 1921,
Wabaah-Mort,, 78,1909 "so"
i22"ia
100
Ohio Sc— 1st, 68, 1921 ...
Tol.A W,— lat.ext., 78 II514
•118
107=,
Oi eg'nA Cal.— l8t,68,1921
Ist, St. L. Div,, 7a, '89
111=,
94 12 96
104
Or.ATran3c'l-es,'H2,1922
2d, ext., 7a, 1893
92 12
Oregon Imp, Co.— 1st, 63.
Equip'tbda..78, '83.
114-',
Ced. F. A Minn.— 1st, 78
Oreg'nRB.ANav,— l8t,Gs, ii2
961a
Consol. conv,, 7s. 1907
106
Ind, Bloom. A W.—
Debenture, 78. 1887,... 10214
Gt, West'n— lat, 78,'88 1131,
1151s 117
1st, pref.,78
104 '4
Consol,, 58,1925
1031a
2d, 78, 1893
124 125
l3t, 6-68, 1909
96
98
Panaina^-S,f.,aub.68,1910
Q,A Tol,— l.at, 78, 1890 •93
118 122
2d, 5-68, 1909
81
83
107
Peoria Dec, A Ev,— Ist. 68
Han. A Naples— l3t,7s
103 Is 103 '4
Eastern Div.— 63, 1921
9714 991.
Evans,Dlv,— lat,0a,1920 103= 1041a
95
Ill.ASo.Ia,— l8t,ex„6a
103^ Indianap.D.ASpr, — lat,7a 99 100
Peoria A Pek, U'n— lst,68 106
St.L,K.C,AN,— R.e,78
101 12
Int. A Gt. No.— lat,6a,gold
117
Pacific RR,—
Omaha Div.— Ist, 78,
102 12 103
86I2
Coupon. 68, 1909
Cen, Pac— Gold. 6b- .... 114
Clar'daBr.— 68. 1919 "70
102 IO2I4 KonfkyCent- M.6a,1911
98
San Joaquin Br.— 68.. 109 la
8t,Chaa,B5e.— l8t,68
115
Stamped 4 p. c„1911...
Cal. A Oregon— 1st, 63 100 12
No, Miasoun — lat, 78. 11419
Knoxv, A O.— lst,88,1925 871a
Cal, AOr,— Ser, B., 83- tlOl
W.St. L, A P,— Iowa dlv,,6a
142
Lake Shore A Mich. So.
Land grant bonda, 6a. 104=4 106
Truat Co. Receipta
133 13 134
Cleve A Tol,— N bda,,7s
109 12 110
Weat. Pac— Bonda, 6a.
West Shore— lat, guar,,4a 101=4
Cleve. P, A Ash.- 78,... 116
120
No, R'way (Cal,)— l8t,68 110
W68t,Un.Tel.— 78, 1900 .. H7ia
117
Buff, AErle-New bda,7a 1231,
So, Pac, of Cal,— 1st, 8a, 106
1171a
7a, 1900, reg
110
Kal,AW.Pigeon— lat.- 105
So. Pac. of Ariz.— Ist, Oa 100
N.W.Telegraph.— 78,1904
105=4
DetM.AT.— lat,7a,190e 120
81 18
So.Pac.ofN,Mex,-lat,6s 100
Mut.nn,Tel,-S,fd,68,1911
106
Lake Shore — Div. bonda 124 128
Union Pacific— 1st, 6a.. 115 II518 CoLCA Ir.Co,— l8t,con.6a 93
114
Conaol., coup., lat, 7b.
131
Land grants, 7a, '87-89 105
lucoiiie Bniifls.
124
Consol., reg., 1st, 7a ,.
130
121
Sinking fund, 8a, '93.
(Interest payable if earned.'
135
Conaol,, coup,, 2d, 7s.
121 I2214
»121
2412
Rei5.,88, 1893
Atl, A Pac— Inc, 1910...
Conaol., reg., 2d. 78.
122
122=8
Collateral Trust, 68.
Central of N, J,— 1908 ...
126
MahoningCoalR,"l8t,5s
104
Do
58, 1907 •94
Chic A E, 111,— Income ..
1031a
Long Isl. KB.- l8t,78,'98
20 14
Kans, Pac— lat, 63,'95 113
E,T,V.AGa,..Inc.,68,1931
.30
lat, consol,, 5a, 1931
109
IIII2
1st, 8s, 1896
Gr,BayW,ASt,P,— 2d,inc, 23 4
iii
Louiav, A Naah,- Con3.,78 122 la 12412
Denv,Div.6a.a88.,'99 113
Ind,BI,AW,— Con,, inc.,6s 37 "8
107
Cecilian Br'ch. -78,1907
109
Ist, consol,, 6s, 1919, 100
Ind'aDecA Spr'd- 2d,Inc,
107
N.O.AMob...l8t,6s,1930
102
C,Br,U,P,—F,o,, 73,95
22
Trust Co, receipts
124 126
2d. 68, 1930
AtCAP.— lat,6s,1905 i02'7; 103 Leh, A Wilkesb, Coal—'88 82
123 13 1241
E. H. & N.— Ist. 68, 1919 115
At.J, Co.AW.— lat, 8s 100
Lake E A w,— Inc., 7s,'99 29=4
123
General, 68, 1930
102 Vj
Oreg. Short L,— 1st. 63 100^8
Sand'ky Div,— Inc„1920 28
101=4 101'
FensacolaDiT 6s,i926
33 14
Ut. So,— Gen., 78,1909
Laf,Bl.AMun...Inc„78,'99
St L. Div.- lat, 6a, 1921
Exten., 1st, 7s, 1909
90
90=4
120 '-2
Mil. L, Sh, AW.— Incomes
2d, 3s, 1980
Mo. Pac— Ist, cons., 88. 1091a
Mob, A O,— lst,prf,,deben. 62
12612
Naahv. A Dec 1st, 78
3d, 7b, 1906
117
2d, pref., debentures
126
8, & N.Ala.— S,f. 88,1910
Pac. of Mo.— Ist, 6s .. 106=4 108
3d, pref,, debentures
127 128
Louisv. C. A L.— 68,1931
2d, 78, 1891
110
4th, pref,, debentures.
115
Trust bonda, 6s, 1922.
99
9912
St.L.&S.F.- 2d. 68. CI. A 108
N.Y.LakeE.AW,— Inc.Os 61
110 IIII2
10.40,68,1924,'
80
85=,
68, ClassC, 190()
107
36
Ohio So,— 2d, inc, 68,1921
92
Pens, AAt— l8t,68, gold
87=8 88
6s, Class B, 1908
107
44
PooriaD, A Ev.- Inc„1920
*112-'t
L, Erie AW.— lat, 6s, 1919
951a
1st, 8s, Pierce C. & O
Evansv.Dlv,— Inc., 1920 44
•109
Sandusky Div.— 68,1919 87
Equipment, 78, 1895. 163"
60
Roch,APittsb.-lnc„1921
'108
Laf. Bl, A M,— l8t,6a,1919
98I4
99 '-a 99 ii Rome W, A Og,— Inc., 78.
Gen. mort., 6a, 1931
431a
•lOO
Loui8V.N,Alb,AC,— lst,8a 102 IO2I3
So, Pac. of Mo — lat,63 1031a 104
"90
So Car. By,- Inc., 6s, 1931
Oeueral mort., 6s, 1914
Tex, A Pac— lst,6s,1905 'IO714
St.L.A,AT,H.— Div, bds.. •so"
85=4 86
Lou, N. O, A Tex.— Ist, 5a
9116 91=8
Consol.. 6s, 19051....
69
II5I4
St. Jo. A G'd Isl.- 2d, Inc.
Manliat B'ch Co.— 7s,1909
80
"37=4
Income A Id, gr,-reg
•138
Free liist.
N,Y.&M.B'h-l8t,7s,'97 108
Rio G., 68, Aug, cp, on
Cln 4 Sp,— l8t,C,C, A I,,7s
1331a 135
Metpn. Kiev,— l8t,6s,1908 116 116
Do
exAug. cp. '49"i 49=4
•142 14 I43I2
1st, g„ L. 8, AM, S,,78..
"....
2d,68,1899
Gen. mort, A ter. 6s
43
46
Jefferson— 1st, 78. 1889... 100
•UOia 1171a Hex, Cent.— 1st, 7s, 1911 109 1094
Pennsylvania RR.—
.V, J. 80., int. guar.68.1S99
'119
1st, M„ 78, ex-cp„6,7,A8i "49ii
60
Pa,Co. 'sgnar. 4 las, 1 at,cp 105
N.Y.Woodh, AR'y— 2d inc 2.'iia
127
Mich Cent, — Cons,73.100"^
I3OI4
Pa. Co.'8 4ia3.reg„ 19'2 1 >103
Ohio Central.- Incomes
* Mo pdoea Friday; these are latest qnotaUons
made this week.
t CoaponsoU
N.Y.C,ASt,L.-l8t,6s,1921
116
81 la 83
114
j
I
.
I
Ist, S, W, Div., 68, 1909.
l8t, 5s, LaC,& Dav, 1919
71
in\.\
112=4 1113
861, 87
Debenture 68,1927
IO4I4 St. L. A Iron Mt,— lat, 7a.
1061a
2d, 7a, 1897
135=4! 13618
Arkanaaa Br'ch 1st, 78
135
Cairo A Pulton— Ist, 7s
109 Is
Cairo Ark. A T,— 1st. 7a
138 139
Gen. r'y A l.gr.— 5s,1931
138>a 140
St,L,Alton A T,H.— lst,78
104
106
78, 1906.
O,— Pr,l'n,6a,'95
N.Y.L.E,&W,-N'w2d63
Buff,AS.W.-M,6a,1908
88
87121
i
A N.—S.f.d6b.,c.,88
Ex June.
...
105
105
Jaok,Lan.& Sag.— 8a,'91
A No,— lat, 8s, 1910 100
II8I2 119
B,N.Y.AB.-lat,78,1918 132
138
fd., 68,
, .
Ott.C, F,
Ask.
Bid.
RR,— Continued—
Pitt8,C,ASt.L.-l8t,c„78
1st, reg,. 7s
83,1909
98
Ist, cons,, fd. coup., 7a.
Beorg., latiien, 83, 1908
Long Dock b'nds, 7a, '93
119
129 12 132
128
107
114 116
Penn.
I
...
1st, 8s, 1920
37
Sli z. Lex, A Big Sandy— 68
Erie— lat, extended, 78...
91' 100
91 12
2rt, extended, os, 1919..
3d, extended, 4 las, 1923
'118
4th, extended, 5s, 1920.
122i»
5th, 78, 1888
•123
lat, cona., sold, 7a, 1920
118
Michigan Cent.—Cont'd—
Consol,, 58, 1902
•
12
Diviaiouai 5a, 1930
109 "»
Ev. A r, H,— Ist, cons., 6a
107 "4
Mt.Vern'n— lat, 8a,1923
1919 110
Fl'tAP.Marq.- M.6s,1920
Sinking fund, 48.1919 100 IOOI4 Ft.W,A lien,C.— l8t,6s
9912 100
Denver Div.—48, 1922..
Gal,Har, A 8,Ant,— l8t,68
Phdn4s, 1921
2d, 7a, 1905
C.R.I. & P.— Bs, cp., 1917. 130
West. Div,— lat, 58
130 131
68, reg,, 1917
2d, 6s, 1931
109 ki 111
Ext, & Col., 58, 1934
Gr'nBayW.ASt.P,— l8t,6s
Eeok, & Des M,— Ist.oa 109 111
Gulf Col.A S.Fe,—7s,1909
Cent, of N. J.— 1st, 7s, '90 112
Gold, 6b, 1923
107 "a Han.AStJ.— Con.6s,1911
l8t,cons,as8ent, 7s, 1899 108
Couv,, assented, 7s,1902 107 »4 109
Hend.Bridge Co.— 1st, 63,
107 Si H,A lexC— l8tM,L.,7at
Adjustment, 7s, 1903...
Conv. debent., 63, 1908. "63 ii 85^2
lat, Western Div.. 7st-.
Leh.&VV.B.- Con.g'd.aa. 104 105
1st, Waco A No., 78t ...
91
Am,D'k,6Imp.— 5a,1921
2d, consol., main line, 8s
Chic. Mil. A St. P,—
General, 6.3, 1921
135 i.
Ist, 8a, P, D., 1898
AW.Tex,— lst,7s
128i4!129'4 Hous. E.
2d, 7 3-103, P. D,, 1898.
2d, 6s, 1913
130 I4I
Ist, 7b, $e.,R.D,, 1902,
1 U,Cen,— Spd.Div.— Cp, 6b
Ist, La C, Div,, 78, 1 .S93. I2213 123'-2
Middle Div,— Reg,, 6s
Ist, I. & M., 78,1897... 123
CStL.AN.O,— 'ren.l,,7s
Ist, I. &D,, 7s, 1899.... 128 "2 128
lat, conaol., 78, 1897
Ist, C. a M„ 78, 1903.,- 129''ail32
2d, 6s, 1907
129 (1291.
Conaol, 7s, 1905
Gold, 5s, 1951
l8t,7s,I,<ScD,Ext.,1908 1-^714 129
Dub, A S,
2d Dlv,,7a
debeuturea, 1913
SECURITIES,
Ask.
I
(Stoclc
5s,
la,
38, 1886.
8B0UBITIES.
ABk.
84
48
JANUARY
XLIL
RAIIiROAD BONDS.
SJECUEITIK8.
111.
d,
Bid.
•jo«i8.,1914
Mlsaonrl— 68, 1886...
6»,dn6l889orl890__
Aayl'm or Dniv., doe'92
FnndlnK, 1894-95
Hannibal & St. Jo., '86.
7
Aiunsas— 68, funded. ..
IB, L. Kock & Ft. S. 188.
7b, Memp.AL.Rook BR
7b, gold,
Louisiana— 78,
[Vol,,
C—
,
.
.
96
66
60
86=4
88
90
115>a
109
106
25
.
114
106
iiii;
100
100
116
102
120
81 !«
93>g
24=4
,
.
.
.
,
201a
26
SB
82
30
33%
92
ia"
36
82
66
4S
29
"«>
lUU
119>4
104
90
29
3
Januart
THE CHRONICLE.
aa, 1886.1
New York Looal
Qaotations in Bottoa. Philadelphia »«! B»ltl»or».
Seenrltiea.
laanraaee Staok Mat.
Bank 8lMk
tuns
(•)
are P»r.
not National.
AmerloA*
Amsr. Bzohangv...
Broa<1wa7
A DroT's"
Suu-lii'i-D'
Central
Ohattu
Chatham
Ohamloal
Oltlsena'
Otty
Commerce
Oonttiiental
Corn Kicliango*
Kaat River
Klerenth Ward*....
Fltth Avenne*
Plret
Fourth.... ..........
Fulton
Gallatin
GarfleM
German American*.
Oennanla*
Oreenvtoh*
Hanover
Imp.
A
Tradera'
Ir^-lUK
Leather ManoTrs*..
Manhattan*
Market
Mechanics*
MechanicK'A Trads'
Mercantile
Meronants'
Merchant!)' Excb...
Metropolitan
Na«H»ti*
New York
New York Connty
.
N. Y. Nat. Exch....
Ninth
North America*
North River*
Oriental*
Padflo*
Park
People's*
Pheotx
Bepnbllo
8t. Nicholas*
Beveuth Ward
Beoontl
Bhoe<& Leather
State of New York*
Third
Tradesmen's
United States
(iaa
PRI
•mo
l*i
lie
ISO
160
Bowery
Broadway
150
Brooklyn
11800
Hi
Commercial
255
Continental
170
Eagle
105
1U7
112
ISS
Empire City
Exonanee
US
110
120
UUO
lUlO
130
1.16
no
200
Oerman-American
Germanla
.
.
109
UJ
ISO
Home
Howard
2t)6
UO
Jefferson
KmKsC'nty
IbU
155
U7
180
162
118
IM
132
loo's 101
I
38
ItiOHil
110
117
108
120
leo
ISO
1S4
142
108
123
100
150
194
lis
(Bkn.).
Knickerbocker
Long
Isl'd (B'klyn)
Manufac. <& Build..
Mech. * Traders' ..
Mechanics' (Bklyn)
Mercantile
Merchants'
Montauk (Bklyn.)..
Naasan (Bklyn.) ...
Pacific
Peter Cooper
People's
Ul
126
115 '2
Phenlx
Rntger's
35
60
250
130
110
105
105
220
76
70
108
125
130
72
116
210
85
HO
103
iO
80
55
112
Vi
140
85
165
65
140
104
IbS
104
140
105
40
30
20
40
SO
100
25
SO
60
60
50
60
SO
as
as
100
20
so
50
Park
90
li!6
.... 37 h
National
35
N. \. Equitable
100
N. Y. Fire
Niagara
North River
160
17
10
100
100
16
60
100
Hanover
100
235
80
75
108
86
25
40
230
SO
SO
25
100
Globe
Greenwich
Guardian
Hamilton
130
130
135
30
226
243
86
100
113
M
230
30
SO
Firemen's
Firemen's Trust
Franklhidt Kmp..
ns
1-20
100
Farrajcut
140
176
170
luS
110
116
20
70
100
50
lOO
40
Olttzons*
City
Clinton
lOS
l.SO
17
IftS
us
25
35
iTu'
•i76
116
135
136
78
123
2'26
95
100
no
45
86
6S
115
100
ISO
KO
176
76
lis
110
176
UO
US
UO
UO
146
120
106
65
SO
116
100
2.1
so
100
Star
100
aterllng
25
Stuyvesant
25
United States
10
Westchester
WUllamsburg City. 50
Standard
60
55
UO
105
130
120
140
126
232
220
2U0
Brooklyn Gas- Light. ...
25
30
Oitliens' Oa3-L.(Bklyn)
Bonds
1,000
Consolidated Gas
Jersey City & Hoboken.
100
20
Metropolitan— Bonds
1,000
Mutual (N. Y.)
Bonds
Nassan (Bklyn.)
1000
Scrip
People's (Bklyn.)
Var's
100
25
10
Bonds
Bonds
1,000
Var's
SO
Willlarasburg..
Bond.s
Metropolitan (Bklyn.).
1,000
Municipal— Bonds
Fnltou \laniclpal
1,000
100
100
Boil,. a
Equitable
'ibo
1,000
Bonds
Mo.-Ld.
<t Co.,
Amount.
Brokers, 49 Wall Street.]
Date.
Period
2,000,000 Var's
1.200,000 Var's
250,000 A.diO.
35,430,000
756,000 Qnar.
700,000, F.& A.
3,500,000 Quar.
Nov.
6
2,
Bid.
85 126
Jan. 1 86, 85
104
5
3>»tDeo.lB,' 85100
'85 150
2>!iiOct. 1,'
1114
1902
3
3
101
ICO
117
140
105
2 >2, Jan. 10,' 86,137
ll03
1902
l,500,000l M.&N. 3
Jan. 1, '86 129
1.000,000, Var's 2
700,000 M.&H. 2'^ Nov. 1.' 85 100
1,000,000: Qnar. liilJec.lS,''85 85
400,000 M.<feN. 3 Hi Nov. 1,' 86 102
Oct. 1. 85] 98
1 30.000 A. s. O.
!
1,000,000 Quar.
1,000,000 A.*0,
1,000,000!
Jan.
131
K6
106
gr., 7i.
Mexican Central—78
Income
1,
86
117
118
120 •«
ioi'
10<I
18S8
750,000 m;.*n.
3,000,000
j'
300,0110 J."*
2.000,000
1,000,000 f'.&'aI
105
'86 157
Jan. 15,'
1900
Jan.
1. '861
1899
105
140
110
Now 7s, reg. A coup
13
—
113
—
Old coloiiy-68. ...........
Pueblo A Ark. VaL— 7a..
Jan., 1836
27 la 29
118
290
July,l»00
Jan., 1886
June.1901
1914
1921
1905
114
285
Nov., 1885
Brooklyn City—Stock
10 2,000,000 a.— F.
Istmort
Jan., 1B02
800.000 J. A r.
1,000
Bklyn. Crosstowu—Stock
Oct., 1835
200,000 A.&O.
100
Ist luort. bonds
Jan., 1888
400,000 J.i J.
1,000
Nov.,lS85
Bu9hwkAv.(Bkln)— St'k
100
500,000 Q.— P.
Central Crosstowu Stk.
100
600,000 U.-J. l»,Uau., 1886
20lj
Bondsgujr
1,0(>0
l,llOl',000 J.
<fe
J
—
l8t luort
1,000
2,'>0,000
M.&N.
0ent.Pk.N.*E.Riv.-8tk
100 1,800,000
Connol. 'iiort. bonds
1,000 1,200.000 J. *D.
Ohrist'ph rdUOthSt^Stk
100
650,000 CJ.— F.
Bonds
1,000
25O,0O0i A.&O.
DryUk.E.B.&Bafy—8tk
100 1,200.000 Q.— F.
6
loft's
108
110
106
108
168
105
162
160
lNov..l9'22 114
141
Dec, 1902 122
7
mi'Nov.,1885 135
7 loot.. 1898
2'a!Nov.,1885 200
1st mort., consol
SOO&c. 900,000 J.& D. 7 IJune, '93 114
Feb., 1914 106
Scrip
100 l,2()0,0l>0 F.* A. 6
Klghtfi Av.— Stock
100 1,000,000
2>a Jan., 18S0 •no
Scrip
Feb.. 1914 107
100 1,000,000 F*A. 6
43d&Or'ndSt.F'ry— Stk
100
748,000
P. 4 INov.,1885 255
lal mort
1,000
236,000 A.AO. 7 April. '93 112
45
42dSt.Manh.&St.N.ATe:
100 2,500.000
lotmort
1910
1,000 1.200,000 m'.a's.
l,OtKJ 1,600.000 J. <S J.
1915
70
2d mort., income
Housi. w.st.<sP.F'y-Stk
Nov., 1885 160
250.000 U.-F.
100
Istmort
113
1894
600
500.000 J. & J.
140
XInthAve
lOO
800,000 Oct.
Becoud Av.— Stock
Jan., 1886 !204
100 1,862,000 J. A J.
1910
107
Istmort
400,000; M.AN.
1,000
May, '88 105
Consol
1,000 1,050.000 M.AN.
Sept., '86 190
Sixth Av.-atook
100 1,500,000 M.*S.
Inly, -90 110
500,000 J. A J.
Ist iuori,
1,000
Nov., '85 320
Third Av.— Stock
100 2,000,000 tj.- F.
Jan., '90 HI
Bonds
1,000 2,000,000 J. A J.
Aug., "85 iOO
Twenty-third St Stock.
600,00(1 t\ A A.
100
May, '93 U2
Istmort
1,000
250,000 .a.AN,
Jiin,, 18-<6
2
UO
I
a—
I
I
UO
111
109
108"
209
112
175
112
167
165
118
14212
125
140
116
202
lie's
109
L2ri0
UIO
!260
117
17
113
;
Rutland—6s, lat
Sonora— 78
STOCKS
A Topeka
A Paclllo
Boston A Albiiny
Boston A Lowell
Boston A Maine
Boston A Providence
I
Atchison
Atlantic
—
Boton Revere B. A Lynn
CaUtornla Soalhern
CambrUli-e
Clieshlre, nreterred
Chic. A West Michigan..
Clnn. Sandusky A Cleve.
Concord
Connecticut River
Conn. A Passumpslc
Cleveland A Canton
Pielerred
Central ot Mass
PieJerred
Det. Lansing A No., pret.
Eastern, Mass
.--Pltchbnrg
Flint A Pere Marquette.
123 's 121
lO^il
83
-a,-^A Sioux City*
A
A
A
Louisiana A Mo. Blver..
last
dividend on atocb, bu date of maturity of
bontt'.
Jack. A Southe'm— lst,6e
Gen., 68
Leh.V.- lst,68,C.AB.,'98
•.la?"!
3d, 7s, reg., 1910
Cons., 7s, coup., 1911
17'a
86
68
60 "s
4214
41-'>4
517
78, coup.,
l-23i«
..
Cons.,68,g.,I.R.C.1911
Imp., 68, g., coup., 1897
Gen., 68, g., coup., 1908
Gen., 7s, coup., 1908
Income,
70
Iowa Falls
1896
Cons. 5b, 1st ser.,c.,1922
Cons. 58, 2dser..c.,1933
Conv. Adj. Scrip, '85-88
Debenture coup., 1893)
ii'i
103
79^ 80 '«
42
39
39--1
78 <«
42-,
S»'i
21>a
40
{IS-S
45
Scrip, 1882
22's|23<s
Conv., 7s, B.C., 1893..
— 120 121
Conv. 78, cp.off, Jan., 85
Marq. Honght'n A Onton. 26 '« 27 '4
8^
Phil.Wll.A Bait.—4s,tr.ct 100^ 1007(
}79
Preferred
l',i4
96
Pitts. Cln. ASt.L.— 78.... 133
97
Metropolitan
10^ 10'. Pitts. Titus. A B.—7s,cp. 44
Mexican Central
ShamoklnV. A Potts.— 7s
Nashua A Lowell.........
3713 3T^ Sunbury A Erie— Ist, 7s.
N. Y. A New England ...
105
8unl». Haz. A W.— 1st, 5s
119'a 120
Preferred
103
2d, 68,1938
Northern of N. Hampsh. I24I4
172'a Syr.Oen.A Com.— 1st, 7s.
Worcester... {171
Norwich A
--••. 159'a 159=4 Tex. A Pac— lat, 6s,1908
Old Colony
la's 19
Consol., 68, 1905....
Ogdensb. A L. Champlaln
Union A Tltusv.— Ist, 7s. {30
Portland Saco A Portam. {123
2413
United N. J.— Con8.6s,'94
Rutland- Preferred
Cons. 6s, gold, 1901
Summit Briincll
Cons. 6s, gold, 1908.... {104
Worcester Nash'aARocn 117
104
19'* 19-'l8
Gen., 4s, old, 1923
Wisconsin Central
27
Warren A F.— 1st, 78, '96 107 110>«
Preferred
-Cons. 7s.. 113
Westchester
-
—
PlIIL.ADEL.PaiA.
117
W. Jersey— 1 at, 6s. cp.,'96 VZ7
1st, 7s, 1899
Cons. 6s, 1909
Preferred
Bell's
4,
{61s
US
53
49
2d preferred
Delaware A Bound Brook
East Pennsylvania
Elmira A Willlamsport..
Preferred
Hnntiugd'n
A
42
45
60
Broad Top
SB's
A
A
Plttsb.Cin
A
A
A
St.
I
109 1»
Charl. Col.
10%
10>a
206
Lehigh Navigation
Pennsylvania
{46<>8
Schuylkill Nav., pref...
RAILROAD BONDS
Ist, Bs,
1905
Consol., 6s, 1913
Buff.
•
t
15
107», 108'
118
103 la'
{116
109
103
Per share.
>
iW
102
70
41
102^
71
41'i
AO
Virginia
8s
A Teun.— Ss
W.Md.—68, lat, «., J.AJ.
J
2d, rref., J2d! I nar. by W.Co.,J. AJ
68, bd, guar., J.AJ
Wilm. C. Aug.— 6e
Weinon— 6s
Wll.
A
1
A
A
ioi"
126
106's
106
105
117'
1'24
7s
laos
Ex-dlvideud.
118's 120
100
100
106 'J 105^
109 >a
ColumblaA Greeny.— lata 108^1
N.Y.A Phil.— let,8a
7«.
SI
"13?
94 '4
ads
-.-.v-i46 '( No. Central—4 'ss, J. A J.
i'io"
68,1900, A.
"ih 6s, gold.1900, J.AJ.... 120
107
Ss. Series A
Ss, Scries B .. ....--•.- 107 '4
lao
12. 'a
Pittsb. ACon'ells.—78JAJ
Union RR.— lat.gua.JAJ 116 117
20
lUO
Canton endorsed
A
1908
Bait. A O.K. Side— Certs
Bdlvid'e Del.- lst,68,19U2
3d, 6s, 1887
BeU'a Gap— 1st, 7s, 1893.
A Aug.— lat..
A Bait.—lata.
85
190
Ist Inc., 68, 1931
{46
{38
.
Ist, 6s, reg..
Wash.
ada
Sds
L.—Com.
CANAL STOCKS.
2d
Cln.
United N. J. Companies..
West Jersey
West Jersey A Atlantic.
—
BONDS.
Atlanta A Charl.— lat...
63
Inc
20 '4 /lalllmore A Ohio— 4s...
Con. Ohio.—6a, l8t,M.A8.
70
5294
Erie
Phila<<elphla
Norrlstown
Phila. Oer.
N.Y.
Phila. Newtown
Rea<llng
Phlla.
Bait
Phila. Wllm.
86
Lehigh Nav.—6s,reg.,'84. 112
RR., reg., 1897.. 119
Mort.
129 's 129 <t|
Cons., 7s, reg., 1911
84
Pennsylv.— 6s, cp., 1910..
l8t,68,rg. 100
Schuylk. Nav.—
70
765J
3d, 6s, reg., 1907
RAILROAD
71
North Pennsylvania
Pennaylvaula
iio'
1901
CANAL BONDS.
Ches. A Del.— Ist, 68,1886
Atlanta A Charlotte
100 180
Baltimore A Ohio
130
l8t pref
1-23
pref
ad
6
SO
Parkersburg Br
60
Central Ohio—Com
Pref
80 12
Western Maryland
65
59 't
—
68, P. B., 1896
Gen., 7s, coup.,
BAL.TIIHORB.
RACLK'D STOCKS.tPar
}7
Preferred
Lehigh Valley
Preferred
Little Schuylkill
Mlnehlll A Sch. Haven...
Nesqiiehoulug Valley
Norfolk A West'n—Com.
Preferred
Northern Central
A
37 's
{36
114
W.Jersey&Atl.— l8t,68,C. 106's
Western Penn.—68, coup.
45
Gap
A Phil
Preferred
Camden A Atlantic
Preferred
Bnifalo N\Y.
Ino. 7s, end., coup., '€4
Pittsb.— lst,6s
Astatab.
114
105
108
113
C—
Preferred
Fort Scott A Gull
Preferred
2rt
'Thlaeolnmn shows
98 Hi
36
AUegh. Val.-7 3-108, '98
112
78, E. ext., 1910
115
330
113
300
139
131
I
1421s
109
137
141
Cons. 68, O.A R., 1933-, 183
SSii
123
123 '3 N. O. Pac.— 1st, 6s, 1920,
1138
106
No. Ponn.— 2d, 78, cp. '96
129 's
Gen., 7s, 1903
loo's ioo's
109
Debenture 6s, reg
87 "s 87 \ Norfolk A West.— CJen.,68 104
107
8»*
N. R. Dlv., Ist, 88.1932 105
179 180
N. Y. Phll.A Nor.— lit, 68 103 't lOS
46
46
127
Inn.,68, 1933
128
183 's 184
Oil CltyA Chic— Ist, 68.
95
185
1861s Oil Creek— 1st, 68, coupPennsylv.—Gen., 6s, reg 131
n20
{ISO
Gen.,68, cp., 1910
Cons, 6s, reg., 1905... l'i3<s
122
95
Cons., 6s, coup., 1905.
113
60
Cons., Ss, reg., 1919...
121" 123
16
7s, 1896
Pa. A N. Y.
16'a
l«3is
105 107
7,1906
96
{171
Perkiomen- 1 st, 68,op.'87 94
107
86
Phil, AErle— l8t,78,cp.'88 107
88
S
Cons., 68, 1920
111
Cons., 5s, 1920
""**•
711
Phlla. Newt. A N.Y.— Ist
8
27'sl 2884 Phll.A R.— 1st, 68,1910.. 121
118 120
110 115
2d, 7b, coup., 1893..
123^4
7414 75
Cons., 78, reg., 1911
156
118
207
10»\
90
Cons. Ss, 1896
IthacaA Ath.— 1st, gld.,7s {lOS's ....«,
97
34
Ist preferred
H. L. Ob ant. Broker, 145 Broadway.]
BrckerSt.<tFult.F.—Stk
100
900,000 J.<6 J.
Istmort
1,000
700,000 J. 4 J.
Br'dwayJt7thAv.—St'k.
100 2,100,000 Q.-J.
iBt mort
1,000 1,500,000 J.*D.
2il mnrt
1,000
500,000 J. & J.
B*way .Snrface bds.gaar. I,o00 1,500,000 J. A J
H AB.T— l9t,78,g., 1890
ll6>s
iia
So. Pao.—7« lav's
2d mort
N. Mexico A
Ogdonsb.A L.Ch.—Con.68
••••
•
Income
68, perj>etnal
Harrlsb'g- lst,6s,1888..
84
--
Gatawissa
((JuotationB bj
12-3'
83
83
126 <s
RAILROAD STOCKS.!
109
150
{108
100
A
Conneot'g 6a, cp., 191)0.04
123
117
Allegheny Valley
Ashtabula A Pittsburg..
9M
110
158
95
A Amboy—6a, 0.,'89
Mort., 8a, 1889
Atl.-lat,7B,r,'83
ad, 88, 1904
Cons., 6 p. o
(3am. A Burl. Oc-Oa. 97.
Catawlssa— Isr, 7s, con. 0.
Chat. M,, 108,1888
Cam.
48»«|
--„
Scrip
.....
Iiebentnre, lOs
N. Y. A N. England—7a..
ds
IHO
115
ill2
Cuns. tfa,IU^l
Ist.Tr. 68,1933
Bnir.P'tts.A W.— aen.,8a
Oor.CowanA Ant.,deb.8s,
Delaware— 6a, rg.A cp.,V.
no's
Del. A Hound Br.— lat,7s 133
K. City8t.Jo.AC.B.-7a 124
Kast Penn.— 1st, 7s, 1888 106
(.Itlle H. A Ft. H.-78, Ist II&34 iie"j'
Ill's
K. City Hp'd A Mem.— 6a loo's 4»"j KastouAAnib'y— 6s, 1930 US
El.AWm»p't^l8t,68,1910
101
'86158
Jail.20,'
190()
Ask
128
86
107
I'.Jl's
Cam.
Nebraska, 6». Exempt
Nebraska, 6s.Non-ex'pt
Nebraska, 4s
Conn. A Passumpslo— 7».
Kasl'rn, Ma««.-Bs, new..
Fort Scott A (inlf—7«
K. City Lawr. A SOr-os..
Preferred
.Maine Central
and City Railroad Stocks and Bonds.
(Oas Quotations by Geo. H. PassTias
Par.
A
Bull.
134% 135
134
—
Boston AProVidence—7«
Bid.
nnir.N.v.A P.-Oontil.—
Springrd
Kan. C. Clin.
Mem.
Kan. C. Sprlngf.
Ft. Smith.
Little Rock
101
GAB COMPANIES.
BOHTUN.. _
Atch. A Topeka-l»t,7i.
liandgrant, 7»
Boston iB Maine 7s
Bonwn A Albany—7b
Boston A Lowell— 7«
BBOURITIBB.
Alk.
Bid.
—
Bia.
American
Amer. Kxohange... 100
;a'j
37
126
IHO
Par.
60
167
100
100
25
as
100
100
as
100
as
100
100
100
100
as
as
100
100
100
80
so
100
75
100
25
100
100
50
100
50
100
as
2S
100
60
50
100
60
100
100
100
100
70
30
26
SO
100
26
20
100
100
100
100
100
100
100
40
100
OOMPANIKB.
Alk
Bid.
BBOURITIBB,
8. Bailey, S>« Pine Ht.]
PRIOR.
COMPANlKa.
ilM-keil
[PrloM by B.
l<l«t.
121
t
In default.
{
Laat pnoe tlua week.
THE CHRONICLE.
122
BO ADS.
Week or Mo
wk Jan.
Bost. H. T.
wk Jan.
Buff. Roch.&Pitt
Puciflc 'Jd wk Jan.
Canadian
& W.
2d
:!(J
Central Iowa... I'idwk Jan
& Alton id wk Jan.
Chlo. A East. 111. 'id wk Jan.
Chlo. Mil. & St.P. -id wk Jan.
Chic. ANorthw. 'idwk Jan.
Ch.St.P.Min.&O. '.;dwk Jan
Chlo. & W. Micl). 'Jd wk Jan
01n.Ind.8t.L.&C.,2d wk Jan.
Cln. K. O. &T.P.il8t wk Jan
Ala. & Gt. So. Ist wk Jan
N. Orl. & N. E. l8t wk Jan
Vicksb. &, Mer.l lat wk Jan
Vioks. 8h. & P. 1st wk J an
Chicago
.
1
1
Cln.Wash.&Balt Ist wk Jau
Clev.Akron&Col 2dwk Jan.
Denv. & Rio Gr 2d wk Jan.
Des. Mo. & Ft.D. 2d wk Jau.
Dct.Lans'gik No. 2d wk Jan.
Evausv. A T. H. Ist wk Jan
Flint & P. Marq. 2d wk Jan
Flor.
R'wav
& N.
1st
,
wk Jan
Ti-iiuk ...iWk. Jau. 9
Ill.Cent.(ni.&8o) 2d wk Jan.
Crand
Cedar F.iMin. 2d wk Jan.
Dub.&Sloux C. 2d wk Jan.
la. Falls A- S.C. 2d wk Jau
Tot. Iowaliiiee,2d wk Jau
Total all Unp8.i2d wk Jau
Ind. BIooui.* W. 2d wk Jau
K.C.Ft.8.&Gulf. 1st wk Jan
Kan. C. Sp. & M. l8t wk Jan
K. C. CI. i Sp. lat wk Jau
2d wk .fan.
liong Island
JLoulsv.A NashT. 2d wk Jan.
Mar.Hougli.& O. 1st wk Jan
•Mexicau Cent'l. 2d wk Jan
.
.
'
Mil.L.Sli.&We.st. 2dwk Jiin
N. Y. City & No. 10 dys Jau
Morfolk & West 2d wk Jan.
Oreg. R. & N. Co. 2d wk Jiin.
Peoria Dec.&Ev. 2(1 wk Jau
8t. Jo. & Gd. Isl. 2d wk Jan.
Bt.L.AUou&T.H. iRl wk Jan
Do Branches. 2d wk au.
St. Louis ii Cairo Ist wk Jau
6t.L.ASan.l"i-an.'2d wk Jau
Pt. Paul& Dulutli Jd wk au
J
.1
'
Tex.
&
8t. Ix)uip:l8t
WUconsln Cent'l
Ist
wk Jan
wk Jan
\WeekorMo\
KOADS.
Jan. 1
to
Latest Date.
>ew York City Banks. The following statement shows the
condition of the Associated Banks of New York City for the
week ending January
1886.
1885.
1886.
7,354
20,888
105,000
20,639
142,219
29.747
313,000
275.250
07,600
18,170
7,322
19.980
84,000
24,818
172,993
33,850
361,652
18.480
43,408
223,000
39,398
266,663
60,182
639,000
15,989
39,960
175,000
45,816
325,806
65,896
667,790
381,650
78,100
17,748
47,966
41,726
23,565
11,131
569,5.50
683,i)50
Meclianica'
133,300
36,759
72,259
44,125
19.334
10,769
11,532
7,936
35,566
14,777
176,952
8,100
28.047
12,283
68,264
25,778
244,242
367,900
16, 1886:
1885.
PhenU
34,85
44,12
19,334
10,769
11,532
7,936
35,566
7,094
98,992
5,204
14,465
12,283
3.5.154
25,778
244,242
19.5,800
2,300
15,600
9,800
27,700
223,500
34,650
37,42
19,735
2,011
36,844
198,740
3,180
70,900
21,500
11,348
37,420
58,869
8,923
12,925
18,454
13,060
5,464
54,949
13,408
23,946
17,976l
1885.
Awroqg
12,426
23,100
14,100
146,300
33,850
91,055
41,726
23,565
11,131
9,179
6,061
36,527
14.397
183,054
11,246
27,896
12,117
64.342
33,855
285.598
450,730
3,263
29,195
21,842
30,t)5'
40,9(K)
.54,300
286,217
45,690
42,799
29,740
408,800
76,745
37,427
19,735
505,030
85,218
42,799
29,740
'siitVo
2,011
80,934
9.1
6,061
36,527
7,231
91,526,843
15,828
12,117
34,698
23,8.55
285,598
255,560
1,677
16,5.54
3,7001
44,593
16,236
22,931
18,886
14,266
6,914
82,136
18,780
16,490
18,244
427,045
3,180
134,900
39,050
11,348
95,894
110,198
17,886
21,624
18,454
25,431
5,464
110,476
30,616
23,946
17,976
79,123
518,365
2,721
130,293
32,700
8,486
115,352
58,524
27,459
44,621
18,886
24,936
6,914
145,261
37,560
10,490
18,244
1884.
1885.
1884.
272,230
2,721
67,752
18,525
8,486
56,368
XLIL
—
RAILROAD EARNINGS.
Latest Earnings Reported.
[Vol.
AmowM
—
Brecit.
New York
843,000
682,000
923.300
67 ,000
Manhattan Go
Merchants'
1
America
698.0.10
3'J6.500
City
840.000
180,700
147,400
TradoBmen'a
Pulton
Cbemioal
Merchants' £xch.
75i),0!10
416,800
490.800
341.300
186.000
142,600
330,300
Gallatin National..
Batchers' A Drov..
Mechanics'
Greenwicb
A Tr.
Leather Manaf'rs.
Seventh Ward.
State of N. Y
Amerlc'n Exch'ge,
Couimerce
114, ,500
583,600
1.782,000
2,15,1,700
Broadway
449,100
688.600
184.600
306.600
480.700
149.700
351,700
729.400
482,300
366,000
394.800
251,500
88.500
632.000
250.000
636,100
406,000
Hercantile
Pacitio
Republic
Chatham
Peoples*
North America
...
Hanover
Irving
Citizens'
Nassaa
Market
•
••
.
Nicholas
Shoe A Leather..
St.
Com Exchange ...
Continental
Orioutal
Importers'A Trad.
1,491,700
3,351.300
178.000
154,300
1,390,100
Park
North River
East River
Fourth National..
636,000
312.000
542.000
977,900
3a3,200
204.000
233.400
301.400
134,400
424.900
Central National..
Second National..
Ninth National...
First National
Third National ...
N. Y. Nat. Kxoh..
Bowery
N. y. Connty
German- Araerlo'n.
Chase National...
Avenue
German Exch'nge.
185.2i)0
Fifth
Gartleid
Filth National....
B'k of the Melrop..
650,000
376.700
197,900
267,700
269,400
205,100
348,000
West Side
•227,400
Seaboard
402,100
136.000
Germauia
...
United States
Lincoln
Atoh. T.&8.F.. Novenilier. 1,603,413 1,461,922 14,318,024 15,056,801
Novembei.
271,535
201,537
18,182
21,823
•Sonora
115,831 106,849 1,215,245 1,124,433
3alt. & Potomac November.
205,000 180,000
BiLff.N.Y.& Phil lOecemlier.
Bur.Ced.R.&No.l4thwkDee
80,671 3,093,514 2,796,459
74,498
275,000 308,912 3,322,040 3,538,605
•Cliesap. & Ohio.llJecember.
71,228
648,735
697,043
Eliz.Lex.AB.S. November.
68,294
144,196 138,278 1,567,765 1,374,045
C!he8.0.& 8. W.; December.
-Chie. Burl. & Q November 2.318,053 2,233,891 24,226,452 23,423,313
16,144
208,187
196,700
Danbury & Nor November.
17,313!
864,716
71,320
98,830 1,011,177
Denv. & R. G. W. December.
E.Tenn.Va.&Ga.i November. 400,781
380,180 3,710,593 3,616,819
25,684
464,173
463,568
Ft.Worth& Den. December.
33,078
Gal.Har.&S. An. November. 348,510 298,159 2,902,967 2,618,439
34,422
31,583
Or. B.W.& St. P. November
OulfCol. &8.Fe. Deceuiber.
205,880 142,048 1,826,761 1,727,595
Hou8. & Tci. C. November. 412,627 250,449 2,412,858 2,311,024
Keutuckv Cent'l December.
66.730
842,051
55,000
922,107
L.Rk.&Ft.Smlth November.
80,557
541,467
88,108
512,559
L.Rk.M.Riv.&T. Novciul)er.
43.353
311,300
313,447
54,894
71,118
466,142
La. & Mo. River. October...
56,209
572,503
Louisiana West. November
54,526
548,671
64,238
424,717
Louisv.N.O. AT. December.
230,956
Manhattan Elev December. 629,149 598,477
Mem. cfe diaries. November. 150,961 142,185 1,180,915 1,254.049
•Mex.N.,all lines December.
129,665 125,031 1,534,144 1,581,821
Milwaukee ANoilthwkDec
11,972
558,330
14,380
520,440
Miuu'ap. &St.L.' November. 171,555 151,985 1,584,264 1,650,467
Minn. & Northw. November.
35,242
December. 272,563 284,637 2,047,367 2,ld6',412
Mobile & Ohio
Morgan'aLa.&T. November. 473,588 424,466 3,720,542 3,156,069
Kash.Ch.&St.U December. 193,337 197,512 2,134,527 2,358,082
4N.Y.L.Erle AW. November. 1,570,693 1,371,519 14,.539,488 15,279,090
N. Y. Pa. .t O. November. 502.69<i 487,970 4,627,46() 5,168,887
N.Y.& New En.!?. November. 309,743 254,420 3,138,448 3,007,663
N.Y.Ont.&W.. November. 155,187 159,298 1,816,255 1,819,578
N.Y.8usq.& West, December
86,405
87,686 1,092,354 1,034,210
N.Y.Tex.cSiMex. November.
24,751
Northern Ceufl. JNovcuiber. 483,594 474.805 4,983,223 5,079,609
Northern Pacinc;Deccm1ier.
801,823 758,229 11,376,151 12,613,305
Ohio & Miss
iNovembcr. 301,961 276,033 3,366,711 3,419,883
Ohio Southern UecembiT.
53,084
47,110
479,033
473,002
Oregon Imp. Co. November. 235,307 305,057 2,654,966 3,142,570
Oregon Short I.. October..
176,833 113,409 1,499,925
771,777
Peunsylvaida. ..;Novcmbcr. 3,971,539 3,9.50.937 41,568,345 44,797,583
Fhlla. & Eric
November. 309.407' 326,289, 3,012,825' 3,379,022
Plilla. &R<'ading!N()vcuil)(r. 2,r,6H,450 2,554,133 26,638,014 28,656,.597
Do C. lie Iron:Noveuil)or 1,60.5,748 l,645,.577;14,(il5,568! 15,386,151
Richm'd ADauv. December. 344,900 366,700 3,960,258 3,873,715
CIlCoI. <t Ang.|Dccember.
75,810
82,673
810,437
775,104
Columbia* Gr. December.
76,275
82,069
697,232
686,993
<5eorgiaPac... Deoeniber.
79,000
71,800
679,344
600,182
Va. Midland.. December.
124,159 115,613 1,544,174' 1,.590,097
West.No.Car.. Deceiuber.
39,573
36,954
466,947
435,434
Borne Wat. &Og. November. 167,835 156,465 1,583,644 1,576,270
St. ly. F. 8. (k W.'4th wk Dec
18,402
11,364
647,331
503,040
Bt.P.Min.AMiin. December.
68.5,744
819,439 7,490,320 8,314,197
Bciol« Valley. ..[November.
5'2,'742
8outUCaroHn»..tNovember. 113,119 133,831 l,02'y,329 l,l62',094
Bo.Pae.Conjp'y-i
Allan. Sy»tenilNovembor.!l,003,077
861,008 8,139,435 6,975,609
Pacirtc 8ystem(Noveml»er 1,715,519 1,971,047
Texas A N. O...; November.
91,9iK)
84,457
892,232
776,387
Te.\:i8 Central. November.
35,21
238,709
Union Paclllc. November. 2,429,270 2,414,238 23,576,684 23,337,704
Wall. St L. & P 4lhwkDec
302,419 353,244!l3,845,686il4,911,063
^We^t Jersey.. No\ ember.
«2.,842 1.199.112 1.231!. 5IH
85.382
~~~~~
• Mexican eurreucyT
* Noilneliiilini.' earnluge oJ New York FeuusylvauU <fc Ohio road,
] And branches.
of
Sixth National..
11,050.000
12,713,000
7,966.500
8.456,000
12,376,800
341,700
•2,851.000
248,000
12,803.400
2,320,000
1.732.800
22,438.900
3,637,700
4,389,400
1,98S.100
1.651.000
totals for several
weeks
W.oijd
1,058..">00
2,919,000
1,284,000
3,881,700
16,443,000
17.111,400
6,262.400
7,706.400
3.202,100
6,162,000
4,847.800
2,192.300
4,419,700
11,101,800
3,220,000
3,739,400
2.947,900
2,768.500
1.962,700
4,303,000
4.939.000
658,500
897,900
46,000
180.000
346,200
260,800
433,966
4"39,2d6
idi'obo
5,595,(100
2,0il,.")00
25,315,900
26,617,100
1,844,000
1,137,100
18.058,000
11.138,000
3,647,000
6,846.800
21,611.000
6,298,500
1,334,500
2,663.600
2,629,100
224,600
180,000
297,000
39,000
45,000
428,600
2,638,100"
4,446,600
3,410,500
46,000
2,870,000
2,618.300
S.295.600
3.718.400
1,616.300
1,437.400
4,653,800
1,813,000
1,981,300
1,970,100
339.345,900 97,072,200 33,419.400 389,902,600
Total
The following are
450,000
9,8114,000
past:
I
Deposit*.
S]MO«.
Circulation A09. Clear'gt
9
839,909,800 89.721,100 28,808.200 376,9.^9.300
339.873,700'93,082,100 31,117.700 383.397.600
16 339.315,9O0i97,072,2O0 33,419,400 389,902,600
Boston Banks.
9,979.800 608.087.197
9,854,800 716,037,847
9.o04,00li 662,697.23»
—Following are the totals of the Boston banks:
I
I
Specie.
L. Tenden.
Dfpoait*.*
S
Loam.
9
9
Circulation Agg. Clear'l
9
3,781,400 11S,628.900!21, 138,200
3,632,900 113,616.900i21,203,600
3,615.900 114,200.8()0!21.096,900
Jan. 2 153.896,600 10,456,000
••
9 153,703.200 10,816,600
" 16 153.702.600 10,991. 100
81,647,295
97,246.118
85,137.669
I
.
.
Philadelphia Banks.— The
totals of the Philadelphia
bank*
EU"eas follows:
1886-6.
Lawful Money.
Loam.
Depo»it».«
Circulation. AffJ. CI«ar'»i
,
.
9
9
85.837,000
27,079,600
83,272,600
Jan.
2
28,007..''00
H5,620,»oO
8 -,902.200
9
•
27,81(1.100
85.306.750
82.552,300
16....
Inoiading the item "duo to otber banks."
Unlisted Securities.
week
—Following are
S
7,382.500
7.366,100
7,347,000
9
47,451.318
60.667.628
53.817,562
latest quotations for
s
past:
Aik.
SccuritiM.
Atlantic A Pac— Stock....
92
Cent. Div., Ist, old
At la. & Char. Air L., stock 85
1st uiort., gen. boud8..x 117
Am. Bank Note Co
Bc-^t. H. & B.— Now stock
Old
Host. H.
Ohio Cent.— Riv. Dlv.,
1=4
l'(
"a
68
IJebeutnres
N. Y. A Phlla., pref
Buff.
California Pacific
Cent, trust cert
Pensacola A Atlantic
Pittsburg A Western
Ist
87 "4
46
crip 1885
M.
16
125
Kdifton Klectric Light.
Kiiult. Gas Co. of N. Y,
Oooigia Pac Stock...
Ist mort., 68
146
lHj
105
2d mort
neiKlersou Bridge— Stock
Pref
Ist mort
M, K. AT.— I noome scrip
N. J. Southern
N. Y. M. Ub. Tel.— Stock.
N. V. W. Sh. A B.- St«clt.
-
106
44 Ij
93
4I4
3 Hi
10
....
mort
Postal Telegraph— Stock
1st mort.. 6s
1041-2 Postal Tel. A Cable-Stock
71
outheru Tel.— Ist M.bds.
95
Stale of Tenn.— .set't.3s. %
4
St. Jo. A Grand Isl.- St'H
Texas A Pac -Scrip 1884.
Tex.
U. 8. Tiu.st certs
Deuv. A Rio Gr.W
Keely Motor
Mexican National
Incomes...
38
Brooklyn Elev'd- Stock.
•-1st mort
2ii mort
OS.
Ist
Cent, trust celt
23
T.A West.— Stk.
Chicago & Can. So
Eeuv. A Kio (i.. O.S.tr.cer.
Bid.
Securities.
North. Pac Dlv. bonds..
North Riv. Cons.— 100 p.i
6
4I3
A SI.L.MAA Wv
A
A. Dlv., 1st mort..
Ist mort., in Texas
Stock del. when issued.
1st M., orwhcu issued..
2(1 M., or when issued..
Tol.
O. Cen. com. stock.
A
Pref
C. s. Electric Light
Vi(ksb.A Meridian
Pref
2d mort
Incomes
Vlcks.Sbrevo.A Pac
go"
68
iBcOTuea
West N. (!ftr.— eon, mort
89
27%
1014
22 >»
26
1
6>s
814
10
10
69
Sh
19
7
4
72
9^4
2
26
6j'<
:-io
28
27
4
69
16
SO'a
71
20
Hih 85
38
41
19
35
40
50
3'<
40"
13
15
10
20
8B
Januart
THE CHRONICLE.
23, 1886,]
123
Tear
„
^ „
CoMtraotion
JKD
Improvement of road
tinprovmiii-nt of eiiiilpmeDt
eiiulpiuont
the Funded Debt of States and Cities and of the Sloc/c.i and
Bonilx of liailroads and other Companies. It is published
on the liiM Saturday of eoery other month—viz., February,
April, June, Aujjust, October and December, and is furntshed without extra charge to all regular subscribers of the
Chronicle. Extra copies are sold to subscribers of the
Chronicle at 50 cents each, and to^others than subscribers
per copy.
at |l
Tear ending
Hejit.
30,
i»M.
tlCO.r-tTS
23>S,I24
108,H9f)
Mew
The Investors' Scpplrment contains a complete exhibit of
ewUng
30. 1MH4.
«2rt7.3(l2
«e/»/.
28 190
22008
77,729
29,125
$704,612
Total
$139,773
OKMEKAt, BALANCE AT OLOBK OK EACH riSCAL TEAS.
1882.
1893.
1884.
1885.
Atiete—
$
«
Road and rqiilpin't.. 52,310,123 62,9.'Sfl,018 .'53,153.266 63.232,661
Ollior lines (pwiied... 7,90),93'l 11,877,480 *0,5h:i.o74
6,727,4n5
Ciiflh aTHi doiii. liianR.
t 0-^.«i»7
621,497
41.808
84,070
W.SlLcSt OTcr.et'sAb'a
2,OU4,000
873,8.'54
677,210
Floating ('(iiilp., &o..
154, 4H6
202,082
201,563
Indh'Uliial aocoiiDtf*.
83,488
163.162
IJue from— W. Shore
641, .^29
603,7.14
Ontario Ter. Co
8»,889
73,3.50
No. Kiv. Coiigtr. Co.
136,903
247.358
2,33il
Other railroads
61,350
79.781
88,003
Kailt«.fueI,(to.,on h'nd
731,0(58
637,262
294.1SO
221,433
Mlaccllaucous
51, 195
33,135
.
ANNUAL REPORTS.
New York Ontario &
Western.
(For the year ending September 80, 1885.)
In his annual report just issued, Mr. E. F. Winslow, the
" Since the close of the fiscal year very great
President, says
changes have heen made in the relations of your company
with the West Shore and Terminal companies." * * "The
settlement finally made is contained in an agreement dated
January 1, 188ti. This adjustment releases the Ontario Company entirely from all its obligations under the leases of the
road and the terminal property, and from its guaranty upon the
terminal bonds, which guaranty has been canceled gives the
Ontario Company title in fee of the Middletown Branch,
transfers to the West Shore
twenty-five miles in length
:
;
Total assets
LiibUilica
Stock, common
Stoch, prefiTred
Bonded dehr
1881-82.
Miles owned
Miles leased
1882-83.
345
1883-84.
345
77
1884-85.
297
77
296
77
345
422
374
OPERATIONS AND FISCAL RESULTS.
373
Total operated....
OperalinmPassenKers carried...
Passenger mileage...
Rate per pass, per m.
Fr'ght (tons) moved.
1881-82.
391,458
8.392,843
Fr'({ht (tons) mileage.
30,687,330
Eate per ton per m...
Bantings—
Passenger
1882-83.
1883-84.
1884-85.
546,803
944,093
1.089,581
15,7«1,001 32,485,364 39,730,135
1-96 cts.
2 23 ots.
1-69 eta.
562,836
1,004.248
1,470,808
39,162.019 68,964,956 93,583.089
1-20 cts.
1-97 cts.
1'93 cts.
2 52 ots.
4«:i,.i2S
Freight
Mail, exp., rent, &c.^
lo3
cts.
211,789
605,478
219,297
334.777
754.279
248,722
636,5.55
Net earnings
188,291
159,';
33,305
for 1884
and 1885
229,374
is
as follows
,
^
Interest on 1 st mortgage bonds
Total disbursements
Surplus
The ainounts charged
.'
.
.'.
.'
Total liabUities... 61,554,440
'.
$2l8,4yl
$19,743
to construction
[
follows
•
35,603
498,606
62,144,211
62,190,031
In the balance sheet the proceeds of sales of West Shore bonds and
stock are stated as $^,092,400, ami the cost of " other lines owned," on
the othei' strte of the account, Is reduced by this amount i?i 1881.
Kstimated amount to pay for $300,000 West Shore bonds to redeem
550,000 Terminal bonds pledged.
I
Lehigh Valley Railroad.
{For the year ending November 80, 1885.)
The annual report of the President is very brief. It states
that the coal tonnage for the fiscal year ending November 30,
1885, was 6,312,430 tons, of which 54,253 were bituminous. This
was an increase of 244,000 tons as compared with 1884, and a
decrease of 280,000 tons as compared with 1883.
The capital account consists of stock, $33,099,100, and bonds,
$25,647,000, or $58,746,100 in all.
Tliere was no floating debt.
During the year |189,000 sterling consolidated bonds were paid
off, and nearly $320,000 of the Morris Canal boat loan was
purchased.
The company spent $361,000 in increasing its equipment
during the year, in addition to keeping up its old equipment.
"A sufficient number," how many is not stated, of consolidated mortgage bonds and bonds of the Easton & Amboy Railroad Company were negotiated to pay for improvements along
the line at Buffalo and for advances made to the Southern
Central Railroad. The line of steamers on the lakes and the
freight and towing lines at New York harbor have proved
quite profitable to the company.
The report of the General Superintendent stated that 2,364,778 tons of miscellaneous freight were transported during the
year, a decrease of 343,049 tons from 1884. The passengers
numbered 2,373.710, an increase of 14,643. The car equipment
has been increased by the addition of 1,200 coal oars rated as
four-wheeled, besides a few passenger, house and other cars.
Four hundred four-wheeled coal cars were built to replace an
equal number worn dut. The equipment now includes 335
locomotives, 116 passenger cars, 3.608 house cars and 34,863
four-wheeled coal cars, besides gravel, tunnel, combination
and other descriptions Nineteen miles of steel track were laid.
The Lehigh Valley Railroad reports never contain a balance
sheet of assets and liabilities, but the other statistics are compiled in the usual form for the Chronicle, as follows
1882-83.
1,935,006
6,527,912
3,123,247
1883-84.
2.259,066
6,008,999
2,608,828
1884-85.
2,273,710
6,238,178
2,364,778
moved
9,651,159
8,615,827
8,622,936
7,401,796
1,985,405
830,949
6,293,282
3 ,763,429
889.496
6,079.5:2
10.218,150
6,175,656
8,948,207
5.246,073
8,536.917
4,888 !• S
ig
&o
1,617,2.;6
860,13:*
$4,042,494 $3,70.M34 $3,667,91S>
Total net Income
Disbursements—
1883-84.
$
$
4,042,491
1,092,022
3,702.134
1,23S,144
$
m
732,344
4,400,263
2,057,207
2,059,541
421.920
2,210,378
347,944
473.355
2,372,242
630,385
1,660,234
Total disburBements
Balance, siu-plus
I
4,910,278
2,031,675
loss on Morris Canal, &0
Dividends*
and improvements
5,134,516
1884-6.5.
3,667,9
Charged tor aocum. depreciations
$296,941
$29,936
'
239.919
488,2i?0
1
Interest on debt
General, taxes, floating Interest,
$292,101
4.840
'
during the cut
uring
-current year, as compared with previous years!
'
'
were as fnl nnra
105,946
1,103,790
*
*
Receipts—
Net earnings
Other receipts and Interest
$326,877
. .
67,776,845
& bills payable
198,103
132.570
747.633
Co
1882-83.
$238,234
'.'.'.'.".'.".
23,285
53^,545
1,661,987
4,892,068
27,922
458,896
Ter.
Loans
N.Y.W.Jj.&B.bds.sold
Miscellaneous
Bal. income account.
134.(J0O
341,747
INCOME ACCOUNT.
$229,374
97.503
$218 491
.
.'
.".'
621,989
and
Net earnings
IHtbnriements—
Rentals
831,647
bills
accounts impaid...
Due W. Shore & Out.
Total gross earnings
Operating expenses
1884-85.
202 929
Total
88.113,983
2,000,000
:
1883-84.
.„
Other receipts
68.113,993
2,000,000
100,000
Earnings—
INCOME ACCOUNT.
„
68,113,983
2,000,000
Coal freight
Other freight
Passenger, mail, express,
includes receipts from other sources; In
iBaM'a^f!^'?^^2?=\^.^''^"®^ are
i8H.f-H4 and 188 1-83 these
given in income account following.
The income account
2,000,000
Total freight (tons),
1,882,134
1,632,760
02
,"58,113.983
Operaliont—
Passengers carried (No.)
Anthracite coal (tone) moved
Other freight (tons) moved
1,125.063
84,319
1,789,939
1,754,634
Total
Op. exp. (incl. ta.tes).
62,190,031
:
672,732
1,067,808
85,576
62,144,211
OPERATIONS AND FISCAL RESULTS.
$
if
67,776,845
Pay-rollH,
;
the Central Company as its lessee the operation
of the road south of Cornwall, reserving to the Ontario Company the right, until May 12, 2,079 a. d., to run its own trains
between Cornwall and Weehawken, and to have its passengers
and freight transported through the terminal and to and from
New York. The Middletown Branch is free from, and the
trackage and terminal rights underlie, the new West Shore
mortgage." * * "The West Shore Company acquires no
interest in the through business done upon the Ontario trains,
and the number of trains is entirely within the discretion of the
Ontario Company. Further, the holders of a majority of the
preferred stock have agreed to exchange their stock for bonds
under the provisions of an act of the Legislature, recently
passed, providing for such exchange. This arrangement
when perfected will place the election of all the directors with
the common stock." * * »
"Since the close of the fiscal year settlement of our accounts
with the North River Construction Company has been made,
thus considerably decreasing our indebtedness. The actual
amount owing by the company, as a balance of all indebtedness after full settlement of West Shore, Terminal and other
accounts liquidated by the arrangements just completed, will
be less than one million dollars.
"The market for railroad securities during the past year
was unfavorable to the negotiation of the |2,000,000 first
mortgage bonds which you authorized the company to issue
for the purpose of funding its debt, and while some" attempts
were made to sell, no offers were received which the board
felt warranted in accepting.
Some bonds were used in settlement with creditors, and a few were sold on favorable terms
the total amount actually outstanding on December 31, 1885,
being $86,000."* * *
Following are the statistics of operations, earnings and income, and the general balance, for four years:
ROAU AND EQUIPMENT.
Company and
61,554,140
—
5,011.917
122,599
4,902.804
37,474
4,370,160
$
30k t03
'In 1883, 10 on preferred and 8 on common: in 1881, 10 on preferred and 8 on common; In 1883, 10 on preferred and 5 on common.
THE CHRONICLE.
124
Pittsburg & Lase Erie.
(For the year ending Bee. 31, 1885.)
The earninga for the year were as follows:
1885.
1884.
^^I'Z^A
25.14 3
$974,693
193.76i
23.103
$1,201,312
803,905
$l,193,5il
809.227
$394,407
—
$384,294
Freight
Passengers
Mall, etc
Total
Chesapeake Ohio & Southwestern— Newport News &
At Memphis, Tenn., Jan. 19, the meeting of the
stockholders of the Chesapeake Ohio & Southwestern Railroad
Company was held for the purpose of acting on the proposed
lease to the Newport News & Mississippi Valley Company,
under which name and organization it is intended to consolidate and operate the lines of the Huntington Chesapeake &
Ohio system of roads. More than eight-tenths of the stockMissis»iippi.
$9Sa,41."5
[Vol. XLir.
holders were represented by proxies authorizing their votes to
be recorded in favor of the lease and no opposition was sugNet earnings
gested. The owners of this line think the consolidation a good
The increase in freight earnings was dae to a large increase plan for effective and economical operation, and claim that
in traflBc. the average freight raw last year having been 14 3 the Chesapeake Ohio & Southwestern is one of the best parts
of the system. This line is now running two through daily
per cent If ss than in 1884.
trains between Memphis and Louisville, another daily between
The result of the year 1885 was as follows:
$394 ,407 Memphis and St. Louis, and is doing a large passenger traffic,
Net earulngs, as above
$120.0ii0
while its freight business has largely increased within the past
Interest on Uimds
59.221
Intereft on Forip and floatlngdebt
two years. The proposed lease is for fifty years.
Expenses
One-halt loss on P.
McK.&Y.
19,451
lease
$198,675
- $if 5,732
Balance, surplus for the year
21,169
Add premium on P. MoK. & Y. seiiond mortgage bonds sold...
—
Chicago & Eastern Illiuois. The gross and net earnings
for the first half of the fiscal year were as follows
:
July 1
.
$216,901
Total
construction and equipment
New
$44,702
93,426
78,773
Eeduction In floallng debt
Increase in credit balances
216,901
PITTSBUEHH McKEESPORr & YOUGHIOaHENY.
The earnings
of this leased line
1885.
Mall,
1884.
$536,502
43,443
7.778
$546,200
41,776
$587,723
267.453
$591,501
295.106
$3i0.270
&c
Dec. 31.
$^05,095
3.525
—
1885.
1884.
Gross earnings
Operating expenses
$92?,3ll
470,275
$857,743
457,654
$70,568
12,621
Netearuings
$158,036
$400,089
$57,947
Increase of gross earnings 8 23-100 per cent.
ings 14 48-100 per cent.
were as follows
Freight
Passeneers
to
Increase.
Increase of net earn-
& Dayton.— It is not clearly known
are the real parties in interest behind the following notice
which appears in the Cincinnati papers
"All stockholders of the Cincinnati Hamilton & Diiyton Railroad
wishing to participate in the sale of the Cincinnati Hamilton & Dayton
Railway, can do so by filina their request with me on or before noon on
Albekt Nettek."
January 23, 188
Cincinnati Hamilton
who
:
Total
Expenses
Net earnings
rental (6 per cent on bonds and stock) amounted to
1359.173, showing a loss of ^3S,903 for the year. Under the
agreement one-half of this loss is borne by the Lake Shore &
Michigan Soathera Company and one-half by the lessee.
The
TJtica
& Black
Rirer.
;
:
EarningsFreight...
Mall, express,
1882-S.'?.
1883-84.
42,390
$281,130
5d6,036
43,719
$289,300
462,818
43,963
$827,407
541,997
$?30,895
598,513
$796,091
479,441
501,6.=>0
Total gross earnings
Oper. expenses (Incl.taxes)
Net earnings
$255,410
$232,372
INCOME ACCOCNT,
Receipts-
Vet earnings...
Other receipts.
Total Income
Total
Balance, surplus or deficit
—
Des Moines & Fort Dodge. The gross and net earnings
December and for the years 188.J and 1884 were as follows
.—
December.
1884.
1885.
,
Gross earnings
Operating expenses
$3S,000
17,197
$29,435
23.147
Netearnlngs
$17,803
>,289
Year.
.
1885.
$382, i20
.
1884.
26^,000
$354,032
252,369
$120,420
$101,663
& Georgia.—Mr.
Nelson Robin$316,640
son, who held proxies of the controlling interest in East
1884-85. Tennessee stock at the recent election, having returned from
$316,640 Europe, held a conference this week with Mr. Robert Fleming,
3,602 of Dundee, Scotland, and other bondholders of the road.
views, it was resolved to draft a new
$320,242 After an interchange of
)882-B3.
1883-84.
$285,410
6,727
$232,372
$292,137
*236,130
$26,366
126,490
124,040
3,500
$26,699
133,640
122.8i0
3,500
6,958
$280,396
sur 11.741
$286,659
det. 50,529
$288,028
snr. 32,214
3,758
for
:
East Tennessee Virginia
Disbtinements—
Kentals paid
Interest on debt
Dividends
Miscellaneous
the return of deposited securities to the owners, it is to the
common interest of bondholders that all should now unite on
the resumption plan, and that such as have not already done
so should exchange the required coupons for Trustees' certifiSuch speedy fulfilment, by
cates, as provided therein.
removing any further uncertainty as to the future position of
the bonds, will enable all energies to be concentrated on the
development and improvement of the common property, and
warrant further increase of confidence in its outcome."
1881-85.
$i83.367
&e
Denver k Rio CJrande Western.— The Coppell Committee
announce that they did not secure a majority of the Denver &
Rio Grande Western bonds under their plan of reorganization,
and they have returned the bonds to their owners.
Gen. Palmer issues the following notice "The Coppell Committee having advertised the abandonment of their plan and
:
(For the year ending September 30, 1885.)
The annual report is very brief. It remarks that the loss in
gross earnings was in freight account and occasioned priocipally by the withdrawal from the road in September, 1884, of
the through freight lines between the West and Montreal. The
transportation expenses amounted to $479,441, a little over ijO
per cent of the gross earnings this amount, together with the
payments for rentals, interest on funded and floating debts,
and two dividends of three per cent each, leaves a net balance
for the year's operations of |32,214, which is applied, so far as
it will go, to replace the amount drawn from the surplus fund
during the preceding year
Following are the earnings and income for three years:
Passenger
tJ.
$25,610
133,640
122,820
GENERAL INVESTMENT NEWS.
Car Trust Securities.— At the last meeting of the American
Bar Association, held at Saratoga in the Fall, an important
paper on this subject was read by Mr. Francis Rawle, of the
Philadelphia Bar.
It is impossible to quote at length from
hiB pamphlet, lately printed, but all persons interested in any
way in car trust securities will find it interesting and instructive as a brief treatise upon the subject.
This will be
plan for the reorganization of the property.
submitted in a few days, and an outline of the plan which
will be offered has been reported as follows: The consol bonds
and interest up to Nov. 1, 1886, (113 per cent) will receive 83 in
new 5 per ct. consols and the other 29 per ct. in new 5 per ct.
The income bonds are to receive second prefirst pref. stock.
ferred 4 per cent stock and be assessed 4 per cent, for which
assessment they will get first pref. stock. The present preferred and common stocks are to get the new common stock
of the company by jiaying $6 per share on new stock and for
The
this assessment they shall get second preferred stock.
preferred gets share for share of the present holdings, and
common gets 40 per cent of present holdings. The whole
issue of new common stock is to be $37,500,000.
;
EHzabethtown Lexington & Big Sandy.— It is reported that
the Eiizabethtown Lexington & Big Sandy Railway Company, by
a unanimous vote, has accepted the proposition for a perpetual
Mississippi Valley
lease of the property to the Newport News
&
The paper is devoted mainly to a history of the origin of car
and a discussion of the laws and judicial decisions of the Company.
various States which have a bearing upon them. As happens
Gulf Colorado
with nearly all other cla«s«s of questions that aflfect railway
trusts
operations, there is a wide diversity of conflicting enactments
and decisions, and in cases where a railway company which is
usmg car-trust rolling stock becomes embarrassed and unable
to promptly meet all its obligHtions, the extent to which
the
interests of the holders of such securities will be
protected
may be materially affected by the character of the influences
dominant in the locality in which the default occurred or by
Other circumstances. The paper will be particularly
useful to
thMe who wish to form an intelligent estimate of the extent
and nature of such variations, and also to learn how far
the
interests of holders of car-trust certificates
have heretofore
been universally protected in the various classes
of exigencies
e'^^^'co
that have occurred.
—
& Santa Fe. Work is progressing rapidly
on the extension of this road from Brownvrood, Texas, northwest to Coleman, a distance of 35 miles.
A large part of the
grading is done, track-laying is in progress, and the rails are
reported down for five miles from Brownwood. The company's
engineers have located a line from Coleman westward, about 40
a point on the Colorado River, four miles south of
At this point the company has bought a large tract
of land, with the apparent intention of establishing a new town,
rhis location is supposed to indicate the company's intention of
mile.s, to
Rummels.
building to San Angeles.
Houston
& Texas
net earnings
from Jan
and surplus
1. is
R. M. Gazette.
Central.
aa follows
for
:
—The
statement of gross and
November and
for eleven
month*
JaNUABV
THE CHRONICLE.
2S, 1880.J
—
Kottmber.
OToasearnlnRii...
f-—Jan. I lo Not. 80
189ft.
1881.
$2,41V,H59 $2,31l,i)'i4
,
.
188^.
18-4.
.$412,Uii7
$2.'^U.449
12t..643
SuiH>«Uermeiit«....i 2*8'»»'
|;.876,8i35
'.«»•••'"
125
" In order to obtain the neceaoary anthoritjr for the issue of
a meeting of the Btockbolders will be held in St.
this stock,
Louis.
"
March
10, 1880.
necessary, under the laws of the States through
which your roads are operated, to own or control some of
$SSfl,01.'>
$69,697
$270,683
$103,940
Not (MiniliiK«
these branches or extensions by means of independent
Int. on llci-ii.dibt iVnew
101,275
70,S01
76.173 auxiliary local railway corporations, through the acquisition
(xiulp. A eonsiruotlon.
of their bonds or stock, or both. This company, so far as it
$89,697
$434,710
$194,108 shall
$63,439
gurpliM
use the proceeds of the sale of such additional stuck for
The full yearly interest on the first mortgage nisin line this purpose, will place the acquired bonds and stock of such
bonds luis been more than earned in the three months Sep- railway corporations in the hands of Russell Sage, Henry O.
tember, October and November, though part of this money Marquand and Oeorge J. Gould in trust, to be held by them
as trustees for the Missouri Pacific Railway Company, and not
has been spent for betterments and new equipment.
—On Jan. 21 Messrs. Easton aud Rintoul, of New York, the to be pledged or sold, or in any way disposed of, unless this
Trustees of the first mortgages of the Hoasfon & Texas company shall acquire the full ownership, by consolidation or
Central Railway Oonipanv. through Judge W. P. BallinKer, otherwise, of the property of the local railway company or
their attorney, Hied bills of foreclosure in the United States companies whose shares or bonds, or both, it shall acquire
through the sale of the new stock.
Circuit Court in Teiaa on the mortgages covering the main line
"Any revenue derived from the securities held by this
and western division, amounting to $'.(,000,000.
The dispatch in the ^. Y. 2'/ 7«es states of the several suits trust, will be paid to the Treasurer of the Missouri Paciflc
" About a year ago Messrs. Railway Company, to be held by him as income of that compeoding against the company
Kaston and Riotoul initiated the litigation by suits to secure pany.
" The transfer books of the company will be closed Feb. 6
the proceeds of lands included in these mortgages, which they
alleged had been illegally sold by the company and not turned for the annual meeting, and stockholders of record at that
to enjoin further land sales not assented date will have the privilege of subscribing to an issue of stock
over to the Trustees
to by he Trustees, to establish the sinking fund for their at par equal in amount to one-tenth of their respective holdmortgage.s against defaults of about $200,000, and to obtain a ings every ten shares of the old stock carrying the right of
subscription to one share of the new. This sutwcription will
sale of sufficient lands to .satisfy such defaults.
" Very soon after this the Southern Development Company of be subject to the decision of the stockholders' meeting. The
represent what is commonly known as transfer books will be re-opened March 11, and on that day the
California, supposed to
the Huntington interest, brought its bill against the Houston & right to subscribe will expire. Subscriptions will be payable
Teias Central Railway Company, as general or floating debt to A. H. Calef, Treasurer, at the office of the company, No. 195
creditors for between $1,000,000 and $2,000,000, alleging such Broadway, in two instalments fifty per cent March 15, fifty
debt held by itself and other general creditors to have been per cent April 15.
" Receipts will be given for the first instalment, entitling
contracted for necessary supplie.s, advances, and betterment of
the railroad, and claiming a lien therefor superior to the mort- the subscriber to a certificate of stock on payment of the
gage liens. On this bill receivers of the railroad and second instalment or the full amount of the subscription may
appointed
property
were
by Judge Pardee, be paid in advance, in which case a discount at the rate of 4
its
all
Subsequently another suit was brought by the Farmers' Loan per cent per annum will be allowed, and stock will be issued
& Trust Company, Trustee, on the flrst mortgage on the North- at the date of payment. Interest at the rate of 5 per cent will
western or Waco Division and on the consolidated and general be charged on all subscriptions not paid by April 15, and
mortgages. All the trustees made themselves parties defend- delinquent subscribers will forfeit the next quarterly dividend
ants to the suit of the Southern Development Company, and declared after that date. All subscriptions not paid by April 20,
are contesting the lien and priorities which it asserts. Consent 1886, will be canceled, and all stock thus forfeited or not
decree has been entered by which the general creditors have taken by the stockholders in accordance with their rights, will
51.109
It will lie
:
;
I
;
—
;
agreed that the proceeds of the land sales shall be applied to
the mortgages which include them.
" Messrs. Easton and Rintoul, in their bill filed to-day, allege
that since their flrst suits were brought default has been made
for about $800,000 of the interest, aLd that the defaults for the
sinking fund amounted to $2,500,000. They claim that the
principal of their bonds has matured, and pray a foreclosure
and sale of the main line and the Western Division."
Lonisville New Albany & Chicago. The new consolidated
mortgage of this company has just been filed in the counties
where the road is located. It is for 110,000,000, made to the
Farmers' Loan
Trust Company of New York, dated January 1, 1886, and payable April 1, 1916, with 6 per cent interest
per annum. This is a consolidated first mortgage to retire, as
they fall due, the outstanding bonds of $8,300,000, and the surplus of $1,700,000 is to be used in repairing and replenishing
the rolling-stock and improving the road-bed.
—
&
Hemphis & Charleston,— The New York World reports
that the Memphis
Charleston Company has provided for irs
floating debt temporarily. The company has owed $750,000
for past-due coupons, equipment and supplies.
It has been
decided to borrow enough money on the $1,000,000 2d mortgage bonds in the company's treasury until such time as the
market will enable the txinds to be sold at a satisfactory figure.
&
Mexican Central.— Up to Jan. 21 $20,567,000 bonds
assented to the interest-scaling plan.
had
be disposed of as the directors may determine. Suliscriptions
will only be received for the issue of one share ($1U0) or some
multiple thereof, and rights belonging to any number of
shares may be assigned.
—
Missouri State Bonds, The State of Missouri has awarded
$650,000 5-20 fun ling loan; Kuhn, Loeb & Co., of New
York, get $390,000 3!^ per cent, bonds at 101 J^, and Simon
Borg &Co., of New York, $260,000 SJ^s at 102 7-100.
its
—
Nashville Chattanooga & St. Lonis. The gross and net
earnings for December, and for six months since July 1, were
as follows:
December.
1884.
$19.5,327
$197,.512
118,515
112,753
.
—6
.
J83,T.
Gross earnings
Operating expenses
Noteainings
Interest
aud taxes
Balance
July
188 ^.
»i.
1
to Dee.
31
—
1*<84.
$l,107,b03
659.251
$1,213,!>01
683,862
$74,812
56,544
$84,759
$44S,058
$•^24,839
a7,01i0
3; 8,015
312.931
$18,268
$27,669
$110,043
$181,708
N, T. Chicago & St. Louis,—The Committee of Car Trust
Certificates publishes a notice that of the $4,000,000 total issue
of these car trust certificates, there are only $252,000 not controlled by them. The rolling stock securing all these certificates is advertised to be sold on the 15th of February, 1886,
and the committee give notice that they will represent only the
car trust certificates that may be deposited in the First
National Bank, subject to their order up to and including Feb.
Memphis Sclma & Brnnswict.— The Mempiiis Selma & 10, 1886.
Brunswick Railroad Company has passed into the hands of a
New York Ontario & Western,— The annual meeting of the
receiver, in the person of Mr. E. R. McHenry, of Memphis,
who will represent the Guaranty, Trust & Safe Deposit company was held this week, and the following board of diCompany of Philadelphia, trustees of mortgage bonds to the rectors was elected: E. F. Winslow, T. P. Fowler, Richard
amount of $1,000,000. The appointment of a receiver is the Irvin, Jr., Horace J. Hayden, Joseph Price, Harry Pearson,
result of an application made by the Trust Company, who, Charles Russell, E. S. Whelen, J. B. Kerr, A. Marcus, C. Duggin, T. Swinyard and John Greenough. The new men in the
by their attorneys, filed a bill of foreclosure of the mortgage.
directory are Vice-President Hayden, of the New Y''ork CenMissouri Pacific—The following circular has been issued tral road, Messrs. Price, Pearson, Russell, Duggin and
by the Missouri Pacific Railway Company, under date of Greenough. It was stated that after settlement with the
January 12:
W'est Shore Company the Ontario & Western has a floating
" During the past year it has been deemed necessary and debt of about $1,000,000, with $86,000 in bonds
outstanding.
expedient by your directors, in order to protect the present President Winslow's resignation was accepted, Thomas Powtraffic of your railwaj- and insure its future growth, to provide
ell Fowler being chosen as his successor.
for the acquisition of the control or ownership of the following
Oregon Improvement Company. Gross and net earnings
properties: Omaha Belt, 18 miles; Topeka Salina & Westem, 57 miles Lincoln Extension, 35 miles Wichita & Colo- in November and for the fiscal years 1883-4 and 1884-5 were as
—
;
;
rado, 50 miles Minden Branch, 72 miles St. Louis Fort Scott
Wichita, 246 miles Paola to Kansas City, 54 miles Verdigris Valley Ind.
Western, 70 miles Leroy
Caney Valley,
35 miles St. Louis
Emporia, 50 miles total, 687 miles.
" Tlie acquisition of other properties, necessary in the judgment of your directors, to extend its system or for its use,
may be required to protect it from rival lines and secure the
economical operation of its roads.
"To provide the necessary means, it is proposed to increase
the capital stock of the company 20 per cent, i. e., $6,000,000,
and to offer the same from time to time to the stockholders,
ratably, at par, as the funds may be required hj the company.
;
;
&
;
follows
:
:
&
&
;
&
November.
;
;
1885.
Gross earnings
Operating expenses
$235,307
184.539
1884.
$?!05.057
200,160
Net earnings
.
.
Dee. I to Noe. 30
1884-5.
1883-4.
$2,811,957
2,200,041
,
$3,414,048
2,572,840
$50,768
$104,597
$611,916
$S41,208
The Boston Herald reports " The Oregon Improvement
Company's second mortgage was executed yesterday, and the
bonds are printed. They will run 10 years and bear 8 per cent
semi-annual interest, being subject to call at par on iiny coupon
day. The amount will be $700,000 or $800,000, and they will
be offered to stockholders within a f«w days. These issued, the
—
:
THE CHRONICLE.
01126
be a htfiled charges of the road, including sinking fund, will
The net earsings for the year
tle rising of $400,000 per year.
ended Nov. 30, 1885, were some $650,000, and the last flsca year
wa8 a bad one. The company has some $100,000 cash on hand,
and could begin paying dividends this year but for the policy
debt is
to first retire the bonds soon to be issued. The floatmg
all
owed
to the
about 170.000.
Oregon & Trans-Continental Company, except
The second mortgage bonds will pay this
entire indebtedness."
Pacific Mail S. S. Co.—The Pacific Mail Steamship direchave declared the regular quarterly dividend of 1>| per
cent, payable Feb. 1. The following statement for the quarter was submitted at the meeting :
tors
i5^^!"?!!::::::::::::::::::::::::::v.::::;::::::::::::::::^;«
$384,752
NeteamioRS
The surplus
is
$716,000.
Philadelphia Wilmington & Baltimore.—The following
are the reported earnings for the years 1884 and 1885:
Decrease.
oPatlngelpeni^
18S5.
$5,678,6^8
3,889,772
1884.
$5,820,323
3,965,14 5
$141,735
75.373
NeteaTDlngs
$1,788,816
$1,855,178
$66,362
flroBS earalDES
Pittsburg Junction.— The annual meeting of the stockliolders of the Pittsburg Junction Railroad Company was
held in Pittsburg. The annual report was briefly as follows:
" The board of managers herewith submit their statement,
showing the gross earnings and expenses of the Pittsburg
Junction Railroad for the past fiscal year. Owing to the fact
that there is not sufficient time to get proper and full statement of the earnings and expenses for the year ending Dec.
31, 1885, the time fixed by law for the annual meeting, your
board is compelled to approximate the same
$100,000
Gross earnings (approximated)
Operating expenses
15,29o
$84,705
15-29 p. c.
Net earnings (approximated)
Expenses as to the earnings
" The business during the past year is in the main satisfactory. Owing to the development and use of natural gas as
fuel, the depression in consequence of loss in local business in
the coal trade, and the universal depression in all industries,
the revenues of the Pittsburg Junction road have, like all railroad properties, suffered thereby. With the improvement in
business which ia looked for in the coming year, and the
development of new ^markets for Pittsburg gas coal, it \%
expected that the business for the ensuing year will show a
marked and decided improvement on that of the past."
—
Portland & Ogdensbnrg. At the annual meeting of the
Ogdensburg Railroad the gross earnings reported
Portlan(l
the operating expenses were
for the year were $361,992
$262,835 extraordinary expenses, $86,361 leaving a surplus
for the year of $12,795.
&
;
;
;
&
Terre Haute.—The Cleveland Leader
St. Louis Alton
said: "The argument in the well-known railroad suit between
Terre Haute Railroad Company and the
Alton
-the St. Louis
Pennsylvania the Bee Line and the Lake Shore companies will
&
[Vol. XLII.
Shje OPommercxal '^imes.
COMMERCIAL EPITOME.
Friday Night, Jan.
The return
of milder weather has been
22, 1886.
accompanied by
general rains. The removal of obstructions to railroad transportation is only partial, and has not as yet given any marked
impulse to business. The spring season opens slowly, Tha
low prices of the staples of agriculture and the disputes with
labor, keeping many hundreds of operatives unemployed, are
serious drawbacks to mercantile activity, notwithstanding
the low prices of imports and manufactures. Still, the early
future is looked forward to with confidence. The position of
business affairs is regarded as a safe one, and the progress of
events will, it is believed, bring a substantial improvement.
Lard for future delivery gained strength in sympathy with
the upward tendency of corn, and yesterday a very active
business was done, but no material advance took place, owing
to the report that Holland had joined France and Germany in
prohibiting the importation of American "hog products," thus
cutting off the large shipments which have been making to
Amsterdam, and to-day the market was quiet and barely
steady, closing this afternoon at 6'49c. for February, 6'53c. for
March, 6'59c. for April, 6"65c. for May and 6 '700. for June,
Lard on the spot has been moderately active for export without much change in prices, but the close is firmer at 6 '33(3
6'40c. for prime city, 6'47J^@0 52%c. for prime to choice
Western and 6'80c. for refined for the Continent. Pork
has been more active at t)etter prices, closing at $8 50(3
$9 25 for extra prime, $10 50(@$10 65 for mess. 111 25
Cut meats
for family and
$13 2o(g$12 50 for clear.
have been quieter, and the higher figures quoted in our last
are not fully sustained; pickled bellies close at 5(ffi5^8C.,
pickled ham8 8(a8J^c. and shoulders 4J^@4J5C. smoked hams
Beef is nominal at $10 for
9)^@10c. and shoulders 5J4'(a5i-^c.
extra mess perbbl. and $17@$19for India mess per tierce. Beef
hams are quiet at $16 50® 16 75 per bbl. Tallow is again lower
at 4fgC., but closes active. Stearine is firm at 6;1^c. Butter is
firmer but quiet at 22@ 35c. for creamery. Cheese remains
steady at 6(al034'c. for State factory. Fresh eggs are lower at
22@23c. The number of swine slaughtered at the principal
;
Western towns from November 1 to latest dates was 4,985.000
against 4,995,000 for the corresponding period last season. The
following is a comparative summary of aggregate exports
from October 26 to January 16
:
1885-6.
10,530,200
113,797,555
65,140,846
1884-5.
11,874,800
Deo.
1,344,600
125,019,910
Deo. 11,222,355
71,707.777
Deo.
Irftrd
6,566,931
Rio coffee was quite depressed early in the week on the
spot as well as for future delivery, but a reaction occurred on
the advices from Rio Janeiro that receipts had fallen off and
stocks were undergoing reduction; fair cargoes on the spot are
quoted at 81^ (S&3^c., and options close with sellers this afternoon at 6"60c. for February, 6'65c. for March, 6'65c. for April,
6-70c. for May, 6-75c. for June, 6-80c. for October and 6'90c.
for Decemlier. Raw sugars have been quiet and nearly nominal at 5%c. for fair refining, and refined sugars are a fraction
cheaper and unsettled. Molasses is down to 24}^c. for new
crop Cuba SO-degrees test.
There has been a fair demand for Kentucky tobacco, and
the sales are 300 hhds., of which 250 for export at steady
prices, lugs being quieter at 5i^(ffi6J^c., and leaf 7(@12o.
Seed
St. Louis & Cairo.- Stockholders of the St. Louis & Cairo leaf has been quieter and sales for the week are only 700 cases
Railroad will meet on March 15 to ratify the proposed mortgage as follows 150 cases 1884 crop, Pennsylvania Havana seed,
of $4,000,000 and the lease of that property to the Mobile & 9(ai8c.; 150 cases 1883 crop. Pennsylvania seed leaf, 8(ai0i^c.;
Ohio Railroad Company. The money realized from the sale of 100 cases 1884 crop. New England Havana, Vi@ 25c. 50 cases
the new bonds will be used to retire the old first mortgage and 1884 crop. State Havana seed, private terms; 100 cases 1884
improve the St. Louis & Cairo road bed and provide new equip- crop, Wisconsin Havana, 12(3 16c.; 50 cases 1884 crop, Ohio,
ment.
6c., and 100 cases sundries, 5(a30c.
also 750 bales Havana,
Toledo Snglnaw & Mnskegon.— Messrs. David Robinson, 60o.@$l 10 and 150 bales Sumatra, $1
25(§$1 60.
William Baker, John Cummiugs and J. M. Ashley, of Toledo,
There was a speculative advance in spirits turpentine, which
A. W. Wright of Alma, and Mr. Mason of Muskegon, Mich., carried up prices to 403^(3) 51c. on the spot, with options held
have organized the Toledo Saginaw Muskegon Railroad Com- at 41c. for Feb., 42c. for March and 39i^c.
for April. Rosins
pany, with David Robinson, President, to construct a railroad are
dull and weak at $1@.|1 05 for common to good stramed.
in the interest of Toledo Ann Arbor
North Michican Rail- Crude petroleum certificates have been comparatively quiet
road Company, from Muskegon on Lake Michigan, through
under fairly favorable well news, and the close is easier this
Greenville, Montcalm County, to Ithaca on the Ann Arbor
afternoon at 88; g(a 88)^0.
crude in bbls. quoted at 6?g(3
Robinson, the Prpsident, has just returned
Railroad. Mr.
refined in bbls. at 7J^c. and in cases 8^(a9JgC. naph7J^c.
from Greenville, and reports that the people of Greenville have tha
8c.
agreed to furnish, free of cost, depot ground and rights of way
On the Metal Exchange to-day pig iron certificates were
in their town, and undertake to provide the rights of way from
quiet and steady at $17 50(3 $18 \i}4 for futures. Tin steady
Greenville to the Ann Arbor road with local subscriptions of
at 20-40(3 20-50c. for. spot and futures.
Tin plate steady at
not less than $2,000 per mile. Two corps of engineers have
37i>^.
Copper dull; ll'35c. bidfor Lake and 10c. for
been placed in the field, and it is proposed to commence the $4 25(@$4
Baltimore; P. S. C, 10-25(al0-65o.; Chili bars, £39 153.(a£40
construction of the Greenville Division of the road at once.
123. 6d.
Lead quiet at 4'55@4'65o. for domestic. Spelter
TVabash St, Louis & Pacific.- Under order of the United steady at 4'25@4*45c. for domestic.
States Circuit Court, the receivers, on January 15, 1886, ceastd
Ocean freights have been moderately active in grain shipto operate the road from Ceuterville, la. to Albia, la., knovn ments, largely to the Continent, but close quiet. Petroleum
as tJie Centeiville Moravia & Albia Bailroad.
i charters were active early in the week,
but close dull.
begin next Tuesday before the United States Supreme Court,
at Washington. It is a case of great importance, involving
the liability of the appellees for $664,874, rentals due the old
Alton & Terre Haute Company by the Indianapolis & St.
Louis Road and guaranteed by the appellees. In 1878 the
Indianapolis & St. Louis refused to pay the stipulated rental,
and suit was commenced in the United States Circuit Court at
Indianapolis against the guarantors.
decree was entered
against the Pennsylvania Company, the Bee Line, and the
Lake Shore in June, 1883, for $664,874, and from it the appeal
was taken which will be heard this week. By the subsequent
sale of the Indianapolis & ,St. Louis the Bee Line agreed to
indemnify the Peiinsylania Company against any liability in
connection with the lease, so that the Bee Line and Lake Shore
are the only real parties now interested in securing a reversal."
lbs.
lbs.
lbs.
Porlt
Bacon
A
:
;
;
&
&
;
;
,
;
Janvaby
THE (CHRONICLE.
28, 1886.]
COTTON.
Friday, P. M., January 22, 1886.
The Movement of the Chop, an indicated by our telegrami)
from the South to-nif!;ht, is Riven iHilow. For the week ending
this evening (Jan. 23), the total receipts have reached 1 10,310
bales, against 108,488 bales last week, 10,5,000 bales the previous
106,800 bales three weeks since; making the total
rnoeipts since the Ist of September, 188.'), ;5,978,M'3 hales, against
the same period of 1881-85, showing a
A,Or)\ ,iV)~ bales for
decrease since September 1, 1885, of 73,255 bales.
week and
Seeeipltal—
Thun.
Wtd.
TUtM.
Jfon.
Bai.
961
589
3,146
1,591
12,274
6,758
1,979
7,628
2,146
8.847
1,455
3,598
7,014
773
190
2,199
1,969
2,771
2,015
2,140
2,013
2,980
40,993
8,373
2,013
13,974
524
1,670
887
Ft. Royal, 4c.
354
Morehd
2S0
544
211
232
708
Wilmington
B99
611
1,226
2,661
1,540
467
639
129
325
249
'Vi
151
2,116
3,435
426
302
368
242
186
fiOfltOD .........
1,619
19
Totals this
week 19,977 21,853 17,091
For comparison
,
2,133
43
1,336
1,027
Baltimore
Phlladelp'a, &o.
61
1,409
201
977
West Polnt,Afl
New York
6,051
423
400
C.,4o
Norfolk
214
214
785
61
4S2
43
853
1,335
8,370
2,933
4,100
4,951
400
3,118
18.405! 13,010 19.971 110,310
we give the following table showing the week's
total receipts, the total since Sept. 1 , 1885, and the stock to-night,
and the same items for the corresponding periods of last year.
1884-85.
1885-86.
BeeeipU to
Jan. 22.
Since Sep.
Week.
1,1885.
12,274
New Orleans.
40,993
8,373
2,013
13,971
Savannah
6,054
61
2,133
Pt.Royal,&c
Wilmington
M-headCAc
4.
Norfolk
W.Polnt,*o,
New York...
8,370
2.933
4,100
4,954
Boston
Baltimore
Fblladera,4o
400
. .
3,418
110,310 3,978,112
Total....
1886.
394,981
61,339
1,048
83,211
50,059
6
69,899
79,989
64
37,543
81
11,300
6,371
44,281
6,322
93,9H'4,05l,697 1,087,150
898.721
26!',922
6,310
1882.
1883.
we
1881.
Point, &o.
others....
12,575
54.398
8,973
12,844
3,629
3,585
14.335
2,910
18,116
7,677
18,112
3,993
15,531
7,277
4,202
15,226
4,619
15,106
14 413
40,835
10,176
17,251
8,387
2,754
13,996
4,525
12,703
Tot. this w'k.
110,310
93,911
101,533
136,400
92,031
125,070
Cbarl'sfn,
4o
Wllmyt'n, 4o
Norfolk
W.
AU
Mnee
(ialveston includes Indi.inola; Charleston includes Port Royal, Ac;
Wtlniliigiou iueltidos Moroli"d City,&c.; West Point includes City Point,&c.
week ending
this evening reach a total
of 107,903 bales, of which C3,09'J were to Great Britain, C,G34
to France and 38,180 to the rest of the Continent. Below are
the exports for the week and since September 1, 1885.
for the
Wuk
BTVdinfl
from
Jan. 22.
Sept.
BxpOTUd to—
Kxportt
Oreat
tram—
Brit'n.
QalreatoD
New
21,5U8
Orleans..
Mobile
4,659
4,089
1,
1885. to Jan. 22. 1886.
Bxj>ort«(J
Omti- Tbtol
France nenl. Week.
12,143
18.802
11,118
Britain. FraTue
4.139
4,180
to—
nent.
l8..3eo
59,825
188,212
191.097
Charleaton ....
Wilmington...
Norfolk
2,108
5,MJ
12.147
7,971
1.470
1,470
258,592
11,780
266.282
830.993
14.760
2,828
1,631
6,162
227
4,15S
11.061
2.450
6,810
I'olnt...
6,810
Mew York
fl.0«6
Boston
3.152
8,162
783
783
Baltimore...
.
PhUadelp'a,*o
Total
ToUl 18S1^
1,401
1,401
133,8^2
16,«09
12,760
110,018
834
1,801
38.I80! 107,90) 1.309.847 255,900'
B3.«8(l
ii.iua
!»..Sfl7
2fH.\nn
41,155
851.674
61,718
66,578
84.374
11,231
n.n24
u.1.12^ Il.B(13,47.'
UO/.UO
222,221
"eiloofl
;
S17.432
322,169
63,660
1,684
8«,953
6.252
70,910 17,347
37,951
'«,'828
136,328
28.405
221.860 »2,76«
61,884
68,707
1,686
22,678
'
28I,79S
None.
None.
222,530
865,02(>
173,392
223.035
725,832
913,226
5,400
700
115,950
32,350
48,543
27,015
29,200
35,218
38,329
13,523
6.610
148,89(1
1
1
42,63l>
65,28i»
64.841
49,097
30,784
25,1,872
74,70O
The speculation in cotton for future delivery at this market
during the past week has been only moderately active, and
the fluctuations in prices have been unimportant. The movement of the crop has not been equal to expectations, and a
New Orleans house has put forth a reduced estimate of t he
crop. These facts caused an advance, but free sales to realize
caused a decline on Monday and Tuesday. Yesterday an
early advance was lost, and the market became dull and
unsettled. To-day there was a sharp decline under a further
export of gold, weak foreign advices, and some increase in
the crop movement, causing some " unloading " of " long
cotton, values dropping to about the lowest figure of the
season and closing without recovery. Cotton on the spot was
A
speculative
demand
at the close of last
at Qi^c.
forward delivery for the week are 368,90(V
For immediate delivery the total sales foot up this week
3,517 bales, including 210 for export, 3,010 for consumption,
in transit. Of the above, 55 bales1,297 for speculation and
were to arrive. The following are the official quotations foreach day of the past week,
The
total sales for
bales.
—
828.283'2,394,030
774 4'3 ^.751
0311
NEW ORLEAN8.
UPLANDS.
mom Tnea
Jan. 16
to
Ja.i. 22.
Sat.
Sat.
Ordln'y.^JB)
Strict Ord..
fi"l8
7ie
Oood Ord.. 8'i«
Str. G'd Ord
81a
LowMidd'e S'S
atr.L'w Mid 9'tj
61I18
6II1,
6''8
7%
718
8I16
8I9
7618
8I4
8II16
8''8
91lB
918
9°I6
9he
9!>,«
91I18
Middling...
Gtood Mid..
8I18
8»«
8 '6
918
9^16
9lt„
9161,
106,8
llOU,, 1016,,
Wed Tb.
9'ii
911,,
g'a
10%
915i,
lOE-iB
lOis
'
TEXAS.
nion Taea Sat. raon Tne»6^8
75,6
8I4
81118
l"i6
95l6
9>9
9'8
10%
10%
11%
1016,
11%
FrI.
Wed Xh.
6»«
71,8
8
87,6
813,,
9'l6
9'4
6'«
7'18
H'4
8II18
678
i>58
9 '8
G'd Mid
9-'R
Mldd'g Fair 106,e il06,8 11014
10%
10%
11%
Ordln'y.Wt
Strict Ord..
611,
7%
Good Ord.. H'lfl
Str. G'd Ord 8%
Low Mldd'g
8-'8
Str.L'w -Mid
Middling.
9%
Good
INIld..
Sir.
611,8
7%
81|«
8%
y«
9%
96,8
91'l8
96,8
9'li«
9ISibI 91616
Strict
Low
Good Ordinary
-Middling
Middling.
9%
6^8
7618
8>4
81118
Siiie
91,6
95,8
9'8
9'8
9'8
10%
10%
11%
10%
10%
11%
10%
Fri.
Wed
Th.
Fri.
678
6''g
6! 3; a.
7.',n
76,8
8>4
81>16
91,;
9^18
8.1,8
8" 18
8%
8»8
91,
9
91,8
811,8
9I18
9»18
Sat.
6%
*lb.
9'H
9%
97,8
9l5i8
101,,
107,8
111!.
Mou 'I'aea
6%
9%
9''8
10%
10%
11%
8'4
10%
10%
11%
a'le
9»i«
9%
9%
7°,
9%
Sl'is.
Si"
9*16
613,8
7'4
9%
7Si«
8>4
76i,
8%
9i,o
STAINED.
Gtood Ordinary
6^8
76,8
8J4
Sl'ie
9li«
91lrt
1015,8 1015,8 lO's
Pair...
6%
9%
97fl
10%
10%
11%
IVed
6%
1019
11%
VH
8^18
858
9
9%
9%
97,8
9''8
10%
10%
11%
loiie
10-18
111,«
•m.
6%
Krl.
7%
7'18
73,8
73,8
78ia
7U„
8
8
8
8
8liia
8%
8\
8%
3%
8\
MARKET AND SALES.
and future deliveries each day during th9
73,8
8
I
The total sales
week are indicated in the following statement. For the convenience of the reader we also add a column which shows at a
glance how the market closed on same dajrg.
BALBS OF SPOT AND TRA.KSrr.
SPOT MARKET
CLOSED.
Bat
Finn
Uon
8,628
500
None.
113,183
18,700
14,700
18,400
24,000
13,497
11,050
9,000
1,800
1,500
97,608
Totel 1886.
Total 1885
Total 1884
Total.
riorlda.
3.521
13,637
2,600
Stock.
Total.
Witt.
25,687
ContU
Oreat
S7,015
Bavannah
WoM
New York
Sept. 1. 3978,112 4051.697 3962,207 4148,831 3692,481 3964,111
The exports
12,797
6,000
8,000
Other porta
14,593
None.
10,»OO
14,500
3,000
None.
4,550
1,000
600
None.
15,0011
Pair
9,959
30,731
5,132
11,760
8,728
1,593
17,607
3,319
15,674
Bavaniiali
2,003
2,400
G'd .Mid 915
Mldd'gFalrilOSia
5,833
36,056
5,747
9,630
6,463
1,579
12,317
4,661
11,625
Mobile
16,1(10
Str.
12,274
40,993
8,373
13,974
6,118
2,176
8,370
2,933
15,099
Oalvest'n.io.
New Orleans.
63,653
30.702
33,3901
25,266!
1884.
NewOrleans
Mobllo
Charleston
Ooait-
31,250
None.
None.
None.
Britain.
week was understood to cover prime grades of old cottons, in
which a scarcity seems to be apprehended. Otherwise the
32,878 demand has been limited, and mainly for home consumption.
235
To-day there was a decline of l-16c., middling uplands closing
369,344
597
270,621
6.310
19,889
11,189
1885.
1886.
XearliHr
Other
Pranee. foreign
Oreat
generally quiet.
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Btuiptt at—
On SMplmant, not cUartA—far
AT—
JAK. 22,
1885.
73,097
416,657
9,033
1,287,402 36,056 1,252,099
5,747 202,851
189,155
40,217
2,882
60,150
628,024
9,630 651,617
103
8,927
13,064
6,196 459,451
394,997
267
5,028
9,30
1,509
89,013
81,765
9,271
4,569
TO
397,199 12,317 481,072
256,913
201,625
4,661
4 ',351
35,735
2,461
65,675
58,403
2,796
105
19,659
28,605
23,266
3,278
27,916
211
Br'8w'k,4o.
Obarleston...
Block.
Since Sep.
1, 1884.
5,833
577,382
781
Qalveston ...
Ind'nola,4o
Mobile
Florida
Thit
Week.
Lambert, 8d Broad Street.
Oalventun
Norfolk
4,772
Florida
Bavannali
Brunsw'k, Ao.
Charleston
Sc
Savannuh
....
Mobile
Wo
ToUU.
7.148
1,830
Indiauuia, Ac.
Orleans...
New
In addition to above ezporta, oar telegrams to-ntght also giv«
OS the following amounts of cotton on shipboard, not cleared^
add simil.ir tigunis for New York,,
at the ports naint^d.
which are prepared for our special use by Messrs. Carey, Yale
Fri.
1,219
Oalveston
127
Dull
rnes
l>ull but Rteafly
tjuiet and steady
Ex-
;
porl.
Oon-
d'^ii
210
Spee- IVan-
rump .ul't'n
til.
I
Total.
965
1,178
43.5
750
riiars Quiet
2191
332
393
Wed
Total.
and steady
Quiet at 'is dec,
210 2,010 1,2071
erie»~
56,900
85,100
180
....
....
rri
Deltv
56.1001
225
iso;
Bate*.
750 43,900;
581 42,4001
393 81,500
80060(>
1,000
200
90O
30»
3,517 38g,900l 3,800
Tlie dully deUvarlea given above are actually
reported.
prevloag to that on wUlon they
am
delivered the
Aaj
The Sales and Phices of Fcturbs are shown by the follow
ia^ comprehensive table. In the statement will be found the
daily market, the prices of sales for each month each day, anA
the cloeins bids, in addition to the daily
total sales.
wd
THE CHRONICLE.
128
IBK Visible Supply of Cotton to-ni^hi, as maae up by cable
and telegraph, is as foUo-ws. The Continental stocks, as well as
those for Great Britain and the afloat, are this week's returns,
and consequently all the European figures are brought down
to Thursday evening.
But to make the totals the complete
figures for to-night (Jan. 22), we add the item of exports from
the United States, including in it the exports of Friday only.
•9
903.
St
en
*
sa.
V O o>
s
i2 Eg. oaEg
So
tn
gg
ST
•ag
E. »tw
a!
10
10
44
I. p
B K
I
i|i
g»»4
Stook at Liverpool
Stock at London
3O000
»*"*a
s
taio
5
COM
COCO
e
**
tote
tits
gap 4
too
CO
o
-I
**
CO®
cow
*o
cccoScD
OP
QOtO
CO
**
CB
^
>»tO
5
t^
03
co-o
tcK)
to
COtD
2
MlO
I
-Jo
*»:
MMOki
(CM
I
^
co«
2
ccco
I
00 -3
o
O couOco
10
torJOtO
0D*JO'
QD
to
SO".'
iowOk)
tew
5
I
2
OJ'OOtO
lOtoOK)
coco
COCd
2
»»:
tocoOco
p
CD
or go
a>
dOSCn
CDCp
00
5
oow
I
2
"
» «>:
(OtOo?
fcOWOlo
co:coo
tici^M
00
o-i
coco
coco
5
to
«cs
:^
2
00<J^H
tui»
2
I
•*:
Liverpool stock
Continental stocks
American afloat
i»>i<^
2
1
©CDOS
to
a» y.
->QD
OS
to
5
CO to
eco
5
toco
ceco
oicn
cJn:ji
2
5
cj>
v<
<f
cjicjt
tCOi
**
99
eoCDo®
O-uiOcn
w
to
o
O
e
ocjt
-J
2
tocooc?
cJrOtC
CCQD
COCOp^
dttO<i
CI*
M
*-M
341,400
351,400
275,800
3,400
515.000
537,000
266,000
237,000
639.000
5t 5.000
898,724 1,136,260
299,235
2b3,286
14,400
4,000
490.000
223,000
439,000
139,000
17,000
60.000
94.000
49,000
Total East India,
Total American
O
Ac
204,000
42,000
359.000
Ooutlneutal stocks
India afloat for Europe
Egypt, Brazil, Ac, afloat
©h:
tocpo<?
800
150,000
3.700
48,000
8,100
4,800
900
555,000
173,000
003.000
873.839
319,197
46,100
2,718,931 2,609,410 2,805,495 2,570,136
London stock
^
2
»<»
occ^**
bales
for Europe...
Total American
3att Indian, Brazil, <te.—
Uverpool stock
O yi
O
csco
I
00
tocco^
o
a»<:
I
oi-^
OH'
3,8li0
153,000
6,000
50,000
10,000
8,000
1,087,550
United States stock
United States Interior stocks.. 458,814
20,5 27
United States exports to-day . .
I- 10
©«•:
898.500
3,700
40,300
13.0CO
Anienean—
00
COCDOCO
cii^Cto
802,000
2,600
67,100
53.000
Tnt-a visible supply
3,077,931 3,082,810 3,40'i.895 3,,181,436
Of the above, the totals of American and other descriptions are as follows:
OOi-i^
s>Sm:
783,000
7,e00
43,800
53,000
600
1,100
184,000
4.000
37,000
6,000
5,000
1883.
.
w
<xO
coco
2
t^it^
I
»«:
I
821,000
77,500
929,000 I,124,4C0 1,156,100 1,174,300
166,000
73,000
103,000
94,000
639,000
Amer'n cott'n afloat for Eur'pe 489,000
50,000
49.000
Egypt,Brazll,&c.,afltforE'r'pe
898,724
Stock in United States ports 1,087.550
283,286
Stook in U. 8. interior towns.. 458,854
14,400
20,527
United States exports to-day..
2
"^
toco
1884.
742,000
eO.OOO
283,000
at Genoa
at Trieste
1885.
741,000
42,000
Total European stocks ....
India cotton afloat for Europe.
tOCCoCD
CO
tool
MM
2
ao
I
^«o
*<
it^ i(^
OD<l
[ita
9r-
«C0o^
CttCbOco
to
to
at MarseiUes
at Barcelona
Total Continental stocks
to
<0!0
tcto
I
10
5DtDo=9
COiUC GO
»P'COCDqCO
l^l^OiU
r^vW
2
"
-]*
I
g
5
ccci;
2
tots
00®
to
coai
^
to
^
ohm''
2
"^
I
lOtoOto
-30
coco
coco
5
aM
»«'
(0«0o® cc©o^
OW M
U
2
9?'-
Stook
Stook
Stock
Stock
e^:
C2C0CC0
COOoCO
tOtC>
^(C CD
Total Great Britain stock
Stock at Hamburg
3tock at Bremen
Stock at Amsterdam
Stook at Rotterdam
Stock at Antwerp
1886.
629.000
17,000
646,000
4,300
36,800
32,000
400
1,500
146,000
4,000
45,000
10,000
3,000
bales.
StookatHavre
5
I
MO
o
III
too
QOO
obO'
o
5SMt,.o
w®
a
«=•
obo
o,S.g
Pi
P.f-B
-^^
*
fVoL. 5LII.
73,000
50,000
227,000
tO.OOO
88.400
166,000
56,000
266,000
77,500
102,800
103,000
63,000
473,400
597,400
614,3C0
1114,100
.2,718,931 2,609,410 2,805,495 2,570,136
to
5
tote
5
2
«SM„^
toco
'^
coco
effi
I
SI
s
COCO
*«"!
teSco
*jOcn
ceT§co
CM O
1^
to
5 too
15
toco
tOGD
2
^
COM
to
4
2
<
flnx
00
<oto
obob
GOOD
to
00
teto
c ob
ODOi
''
®o®
totOotO
obxObb
w^
coto
^
2
o::qc
*<
S-;
IJ
I
Co
5
I
ar:
00
to
5
2
*<
8.-:
too?
ccccOob
tooi
OCQO
OD
coco
obob
5
2
to
»«»:
:
5
toto
2
5
ifcii»>
MCO
cicjt
*<
Auto too®
I
00
1
•
coco
2
*«
ciifr
OOD
I
:
to
15
2
**
»h;
COtCoCO
i^jbLOk^
I
o-j
to
v-cItOiu
^O
CO
5
*^
I
to
5
ooj
2
2
«
:
too
s
I
toots
<
,
cotooco
QOgi
Ga
ccto
o>cn
5
tt
*<
OCR
tocc
I
01
I
tetpato
CJt^O cjt
CO
U"
:
CO
-
cc(6o
>-^0D
CO
toto
»r-'
CO
tpcco"?
(P«0q9
HO o
CO o d»OiOcj(
OicJ'Oc^
i
"I
s
week and
—
»r:
I
MCO
H CB M
I
I
«
c;i
„
CO *-
H to -J OS
rfkO'COOCMCO
cpoooMi^ii-
ca
I
I
I
I:
1
I
^
1
I
O
"!-
a00
I
*>-osii'*eo
to.
H
COmOOOO
^ COM00t(.COM;
^iVcobbHCO
M CO
^ 00 o< CO ^-J
X OOOIDO —
1
1
1
* Includes sales in September, 18S5, for 8entember, 130,200 ; September-OcU>l>er, for Ootober, 3O1.700; September-November, tor Noyember,
416,400; Setember-December, for December, 928,2u0.
I^r We
m
the above table, and snail oontlnae each
hitTe Inoladed
of futares each day for eaoh montli. (t
be fonnd ander eacn dav following the abbreviation " Aver." The
average for each month for the week Is also given at bottom of table.
Transferable Orders—Saturday, 9'30o.; Monday, 9-2.Sc.; Tuesday.
6'28o.; Wednesday, 9-250.; Thursday, »-25o.; Friday, 9-20o.
,
OOOOCOQOWO
The foUowing ezohanges have been made during the week:
.
ezch. 500 Jan. for Uch.
eiuh. 500 Mch. for April
exch. 100 May for June.
exch. 200 Feb. for April.
Ui exch. 1,500 Feb. 101 Apr.
to exch. 600 Oct. for Aug.
to exch. 200 .Ian. for iii!a.
to exch. loO Mch. for April.
to e> ch. 1 00 J une lor July.
to exch. '.^00 Feb. for Jnue.
to ezch. 1,600 Feb. tor Mch.
-43 pd.
•10 pd.
•33 pd.
•21 pd.
-42 pd.
•32 pd.
-40 pd.
•32 pd.
•33 pd.
32
to exch.
to exch.
to exch.
to exch.
to exch.
to exch.
to exch.
to exch.
to exch.
100 Feb. for June.
500 Feb. for Mch.
BOO Feb. for May.
zoO Feb. lor April.
1<
"w»
MC;i
M
lU
© m'U toMO ^^ M
C;*
aDK-tOtOMOOtCCOat-l
-J0DOOtJir-UO<*.0'.
—
C;-
<I CO
H eo^MCO
M 00 WC)" Vco
— C.MtCCOtO*-COCO
CO CO to
»P-
Feb. for June.
100 Moh. for June.
300 April for Aug.
100 Feb. for May.
SOti Feb. for May.
pd. to exch. 3,500 Feb. for
May
l»».ODOH'IO*'lP-tOOD»u;
tOCOO^OOO<ICD|f^CO;
OtoO«*»'Oa.ooW(UOi*
^OCJ'O'W
— CitOHC0<lCJ>00
Is"l
«> to <I
M re tJ GO r-
wwccocoooow
(f'<:»>*'l-'^^l^-a»OJ
-to
tn
en to -4 ^-
t5 0S>-"-lO»t-'W"«-»
*
to
to
9V
§3
^ooO»*^oQDo:OOS'*^toOtooiWi-'Xc;tO
h' tf>- 00 CD CO «>) en CO *f^ Oi
MtO
will
to
to
to
to
05
oooHHCji[xtOi»-o-.)CPo;rf*-ctoco^coM
Wc
OM owtoiOOCn^-OiOO
week to Rive, me averase price
*14 nd.
•1 1 pd.
•10 i>d.
•21 pd.
•i2 pd.
-88 pd.
•15 pd.
•11 pd.
•10 - d.
43 Dd.
10 pd.
(f^
H
M
lU
I
'.;i
I
MM
M CO Oi
'^'^tcc;c;'bc;c;i-»*MVitcO3'to*y>^tOMC0
co-j^jL tcMtoa-MCoaxooi tj'-icoco^
QOOD
CO CO C» 00
1
i
I
CO .- CO
1
I
I
»-•
CJt
MC;io>C3^5PC)-iop<i5-;-Jco^;o^^-Hpc»
I
I
—
the movement that is the receipts
since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1884-85 la set out in detail in the following statement.
AT THE Interior Towns
tor the
coxc«?
Cfl
to
-•>
1
ddoa daooi
03
OCOD
Old
I
00
to
toio
9
I
bsO
00
XCD
toto
^
cetooc?
aaOci
«r:
ob-iOob
toco
^QD
I
toccoto
ocqj
O
once
ffioi
03a
MCO
r-tJ
<rtD
dbab
tctcoto
obciOdb
c;*
if
«
I
totoo'to
obobOob
I
^
2
^
fcOtO
coco
to
CO
I
2
^
[Oto:
00
-J
coco
QDOS
oeo
W
totcoco
*j(io-i
coo
"-<
CD
OCOuO^
».";
I
to
HCO
.•
««:
I
10(0*^(0
3,077,931 3,082,810 3,402.895 3,181,436
Total visible supply
oiud
BM.
'sd
5'6i,d.
Prico Mid. Upl., Liverpool
lli«c.
lOSjeC
9140.
10")t0PriceMld.Upl., New York....
The imports into Continental ports this week have been
64.t00 bales.
The above figures indicate a decrease in the cotton in sight
co-night of 4,879 bales as compared with the same date of
I8f 5, a decrease of 334,964 bales as compared with the corresponding date of 1884 and a decrease of 106,505 bales as
compared with 1883.
2
•*
MM
tOH^
c
o
totooto
QciobO<|
MCnco OS
to to
<ic»_2
xto
to
CO
too® totco®
-JmO-4
9«;
CO
to too®
-.'i-j
I
to
2
I
COO
j-j
aa:
^
COCO
-j-j
to to
-lO)-."'
tea
oo»
i
C;<
O •q O CO 03 OC '^ OD
M
CO
»-•
'—
r-WCi-gWlP-CiM
0_— Cj-JJ;***-'*-^ Wppi_;- MJD}0
"V] to GO w'xl; w
c '-'fe.V' ;*; ccflV tc ud y>
--JWWOlOll-WfcOGOCn
Oi .TiC
"ifc
CO to
--3
•
O 05
*-Ji
cO'-c£a<)o:o-£-^*-cj'to-co*Jx»j-qcooD
COOODO»tOCnO
a3(ti-*JcDwc;*»>ioxi*»-tooDi**.ocs>-'i*-tor-
01
<Ct0O3rf^*J**'-'
opt
J* i^ i*^
Oiifk.-^Co'M^MOirf^tO
ODr->asajWi^o
•NjWWUtODtOO
OS
tow
oo-ocxo
M
wV
OO^O — COM
00
h-
MWC0CJ»Oll^-l--l
cctoocoAc;»^cwytoQPOi-»cDyiocow
CD*'00OWO'-'^«'-'WO(kf*M0>O0:C^
i;*.
to
<-•-
co^ tu*fc cow*-w;^
ViZ-'^awcoc
cotDO'^ *fc03i(i^'^y«o*
oowooooxccowxij oo»o&:os»^:K-Oa>
vttoow<i*-*^coioo> oto-^wc;tc&wo
totals show that the old interior stocks have
decreusKd durinit the week 15,141 bales and are to-night 175,568
The above
PjanuaRY
THE CHRONICLF.
28, 1886
The recelptH Ht
Cttan at the same period last year.
townB have been ;t32 bales tnore than the same
week laHt year, and since Sapteiuljer 1 the receipts at all the
townst arc ilt.OI.I bales wore than for the sametiuit in IHSl-.l^
QUOTATIONS FOR MlDDLINO OoTrON AT ClTHKK MAKKKTh.balea
more
the samf
In the tal)lo below we ijive the closing quotations of niiddlina
cotton at .Southern and other principal cotton markets for each
day of the past week.
Jan. 22.
Ontveston
New
Si^ie
9
9
§!,''•
811 ,«
811,,
811,
8«i
S<i e
8'1„
8"i,
8i'i«
S '«
H1I„
Wilmington..
8*1
a\
8fli
9
9
.
8"'>ia
8%
..
.
Clmrlof*t^u
Fin.
8'«ia
8<>i«
SnviimuUi
TA«r».
Wednei.
Tuet.
S'iSia
8'5i«
Orleans.
Molilki
9
9
9
9
9
9
9
9
S'*'
9
e
9
9
9
Boston
Biiltlniore
PlillailelpUla.
81",.
U»B
AUKilata
MiMiiphlg
9',«
»38
9'8«''lg
939
938
938
9>«»»18
9>««3l6
a^f-ht
938
8»8
^^
U'S
S'R
N(>rf.)lk
8»«
81>8
g"^
8%
8%
ij
8%
HH
?"''
S'o
*•>
8'8
S^s
»^
8"i.
....
St. 1a>u18
C
Man.
Satur.
.
.
84t
87g
S's
nolunatt...
8\
SH
e\
8'9
8'8
8''8
« *"*
gisasia
939
91«»3i,
938
9\
8T«
table
planThe figures do not include overland receipts nor
tations.
Southern consumption; the.v are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
BiuBnff—
18-«.*» 1884-85 1886-.S8 1883-84 1884-85 1885*8 1888-8 1 l884-8e 1886-* 8
1
1
U
1217.733 258.310J!jJ8,.m 123,r>77|883,866 481.839 261,084;288,755'884.»07
laOl.BSO 207.K»3 20M(bl 422.310 3113.580 5il,3)9.200.41«'207,5l7 249,061
31
'|10,A12 154,075'l«fl.««0 40T,li"4 .(4ti.4~» 543.557
Deo. us
;
15
-
1
90,245 l».3.1.94|lfl.5.00H Sni),S9M3s!0,78i 52«,3B1
llIfl.4«7^130.951jl08,48H3«0,715'304,85B 513,993
'104.533 93.91 r 110.310 33".9"»291<.0H0 491,250
S
••
Si
The above statement shows
—
1.
26.276 140.043 219,088
72,1B9 105,291 148.010
81,284 '.15.025 95,920
74.7in' 87.I.S2 89.Ui7
1
That the total receipts from
September
1, 1885, are 4,455,h43 bales;
in 1883-81 were 4,143,9.51 bales.
2.
That, althougli the receipts at the outports the past week
were 110.310 bales, the actual movement from plantations wag
only 89,567 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 87,133 bales and for 1884 they were
74,718 bales.
the plantations since
in 1884-8.5
—
were
4,:!32,5l)3 bales;
Amount of Cotton in Sight Jan. 33.—In the taole belo»
we give the receipts from plantations in another form, and add
to them the net overland movement to Jan. 1, and also tht
takings by Southern spinners to the same date, so as to givt
substantially the amount of cotton now in sight.
1C84-85.
1885-8(5.
1882-83
1883-34.
I
Kecelpts at the (lorts to J an 22 3,!>78,442 4,051,697 3,8b2,207 4,113.631
InU-rior stocks ou Jan. 22 in
477,100 280,865 281,714| 334,261
excess of aeptenibur 1
Tot. receipts from plauta'tns 4.455,9*2 4,33^,.^6.' 1,143,951 4,482,895
52.'',0!)2
358,048 382.415 413.082
Net overlanil to January 1
ISi.OoO 115,000 123.00V
130,0l«
Boatliern consmnpt'n to Jan. 1
Total In sight J<tnuary 22.
5,111,934 4,805,610 4,619,366 5,025,97'
.
Northern spinners' takings to
Januar.r 22
l,122,(!55i
951. 19S 1,060,507
879,175
be seen by the above that the increase In amount in ei,jlit
to-nlKht. a» compared with last year, is 306.^21 balea. the Increase
as compared with l8-3-e4 is 462,568 bales and the inuiease over
1882-H3 is 85,957 bales.
It will
Weather Reports by Telegraph.— There
has be^n a
considerable rise in the temperature at the South during the
week, accompanied generally by light rains. With the milder
weather there has been a freer movement of cotton into the
interior towns.
Qaloeston, Teasos. —Telegram not received.
Indianola, Texas.
Palestine,
—
lowest 39.
Mauon, Georgia.
—Telegram not received.
—
Last week the weather was cold, the ground being frozen,
Deer Creek frozen over for the first time in very many
:iDd
44-3,
the highest being 52
and lowest 2. Rainfall eighty-five hondredtha of an inch.
Little Rock, Arkansas.
It has been cloudy on five days of
—
the week, with rain on three days, the rainfall reaching one
The thermometer has averaged
and the lowest 29.
Helena, Arkansas.
— It
36, the
have had rain on one day of the
Columbus, Georgia. — It has rained severely on one day of
The thermometer
the week, the lainfall reaching one inch.
has ranged from 32 to 58, averaging 44.
—
Savannah, Georgia. It has rained on three days of the
week, on two of which very lightly, and the remainder of the
The rainfall reached eighty-seven
week has been pleasant.
Average thermometer 51, highest 70,
hundredths of an inch.
lowest 32,
—
Auffusta, Georgia, It has rained lightly on two days of the
week, the rainfall reaching one inch and seven hundredths'
The thermometer has averaged 45, the highest being 64 and
the lowest 25.
Atlanta, Georgia. -It has rained on three days of the week,
the rainfall reaching one inch and eighty-eight hundredths
The thermometer has averaged 41, ranging from 28 to 56.
Albany, Georgia.— '^o have had rain on two days of the
week, the rainfall reaching ninety-seven hundredths of an inch.
The crop has been about all marketed. The thermometer haa
ranged from 32 to 72, averaging 50.
Charleston, South Carolina.— It has rained on two days of
the week, the rainfall reaohiug one inch and sixty-one hundredths. Average thermometer 48, highest 70 and lowest 29.
Stateburg, South Carolina. We have had rain on two days,
—
week, on one of which inappreciable. The rainfall
reached twenty-eight hundredths of an inch. Thunder-storm
on Thursday. The thermometer hasaveraged 43 9, the highest
being 60 and the lowest 23.
Wilson, North Carolina. It has rained on two days of the
week, the rainfall reaching fifty-three huodredths of an inch.
The thermometer has averaged 40, ranging from 23 to 61.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
of the
—
January
31, 1886,
and January
33, 1885.
Jan. 21 ,'86.
highest being
Orleans*
Uempbls
2'ea!<M.— Telegram not received.
The temperature averaged
— We
week.
New
iiew Orleans, Louisiana. It has rained on three days of
week, the rainfall reaching one inch and twefity-six
hundredths. The thermometer has averaged 51.
Shreceport, Loui-Hana.— Telegram not received.
Columbus, Missis.Hppi.—\t has rained on two days of the
week the rainfall reaching eighty-one hundredths of au inch.
The thermometer has ranged from 28 to 56, averaging 39.
Leland, Mississippi—Tele(;Ta.m not received.
inch.
—
Inch.
Feel.
the
years.
averaging 85.
Nashville. Tennessee. We have had rain on six days of the
week, the rainfall reaching one inch and seventy eight hundredths. Average thermometer 3S, highest 57, lowest 26.
Mobile, Alabama. It has rained severely on two days of
the week, and has been showery on four days, the rainfall
reaching two inches and sixty-two hnndredths. The thermometer has averaged 50, ranging from 34 to 68.
Montgomery, Alabama.— 'W« have had rain on four days
of the week, the rainfall reaching one inch and thirty-seven
hundredths. The thermometer has averaged 4S.
Selma, Alabama. It has been showery on thre-) days of the
week, the rainfall reaching eighty hundredths of an inch. The
thermometer has ranged from 35 to 60, averaging 46.
Auburn, Alabama. Telegrim not received.
Madison, Florida. It has rained on one dav of the week,
the rainfall reaching one inch and thirty-five hundredths. The
thermometer has averaged 55, the highest being 69 and the
RecetpU at the Porte. St'kat Interior Ibwnt. Rec'pte from Plant'm,
Week
.Ian.
—
—
8«.
8^
8»(i
Reoeii'TS from the Plantations.— The following
indicates the actual movement each week from the
LoiUvUle....
week has been clondy. The rainfall reached
The thermometer bu
eighty-two hundredths of an Inch.
averaged 87, ranging from 2S to 52.
Uemphi.i, TeJiuissee. We have had rain on four days of the
week, and it is now raloiag, the rainfall reaobiog one inch and
ten hundredths. The thermometer has ranged from 27 to 63,
reiiisinder of the
—
OLOsma qaoTATioHS roa midduho oottoh oh—
Wtek tnding
129
M
has rained on four days and the
Nashville
Shreveport...
Vloksburg. ,...-..
*
Now
mark
Above low-water mark.
Above low-watermark.
Above low-water mark.
Above low-water-mark.
Above jow-waier-mark-
Jan. 22, '85.
Inch.
Feel.
2
28
9
18
4.
4.
21
11
5
6
37
27
a
8
27
6
41
3
reported above low-water mark, instead of below high-water
as prior to October 30, 1885.
—
India Cotton Movement from all Poets. The receipts
and shipments of cotton at Bombay have been as follows fo^^
the
week and
year, bringing the figures
down
to Jan. 31.
BOHBAT BECBIPTS AND SHIPMENTS FOB VODR TEABS.
Shipments
this week.
Tear Great ContiBriVn. nent.
Shipments Since Jan.
Great
Total.
OmiiiSritain] nent.
I
1
1886 2,000 7,ono 9,000| 10,Onol 23,000
9,000 Si.OOO
1885 5,000 4,000 g.eOO
1884 22.O0O 25,000 47,000 46,000 56.000
10.000 2«.000 2*>.000
1883 10,000
Total.
RecaipU.
ThU
Week.
33,000 33,000
42,000 i 1,000
102,000 14.000
5H.000 ;17.000
^•«--
95,000
58,000
157,000
127.000
Accordmg to the foregoing, Bombay appears to show an
increase compared with last year in the week's receipts of
13,000 bales, and a
crease in shipments of
bales, and
the shipments since January 1 shew a decrease of 9,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of January, for two
—
THE CHRONICLE.
P130
Messrs. Gaddura, Bythell
"Other ports" cover Ceylon,
years, has been as follows.
Taticorin. Kurrachee and Coconada.
ShipmenUfor
Shipment* tinct January
the week.
Great
Oonli-
Sritaitt.
Ttent.
Oalontt*—
1886
1886
J«««'-
Continent.
Britain.
6,000
4,300
1886
1885
All others—
1886
1885
300
1,000
1,300
Total
300
1.
8,000
5,800
2,000
1,000
5,000
3,300
2,000
1,000
3,000
2,300
The rain reported
Total.
Hadras-
1,000
1,300
2,000
2,000
2,000
4,000
2,000
5,000
3,500
2,000
7,000
3,500
5,000
4.600
4,0D0
1,000
9,000
5,600
12,000
9,600
4,000
1,000
16,000
10,600
aU-
1886
1885
Tie above totals for the week show that the movement from
the ports other than Bombay is 3,400 bales more than same
weeK last year. For the whole of India, therefore, the total
shipments since January 1, 1886, and for the corresponding
periods of the
two previous years, are as follows:
EXPOBTS TO EI7B0PB FROM ALL INDIA.
[Vol.
& Co.'s circular of
XUI.
like date said:
our last proved to be the precursor of further
downpours. Heavy rain has fallen during the week in nearly all of the
Oomra cotton-KrowIng districts, and as we write telegrams are coming
in reporting a continuance of the same unfavorable weather, with no
signs of a change for the better. Serious damage to the crops is reported,,
and even allowing for the customary exaggeration, there can be no
doubt now that our hitherto promising Oomra cotton crop has suffered
materially. Whether the actual out-turn of the crop will be affected is
not quite certain, but there can be no question that the quality is seriously injured. " Fine" and 'fully good" will undoubtedly be much less
plentiful than was anticipated, whilst there will be a corresponding increase in the quantity of the lower grades. Rain is also reported from the
Bengal districts, but this, beyond retarding supplies, will have no adverse effect on the crop. In the Dhollera and Broach districts the
weather has been very favorable, and so far crop accounts continue very
promising. Receipts in the Oomra districts, as was to be expected, show
a falling off compared with last week, and in the Bengal districts also
supplies are still comparatively small. Samples of new Bhownuiigur
have been received here this week. The qualit.v is very satisfactiiry.
and betokens a good crop should the weather continue favorable. A fair
amount of buying has taken place this week for export, and prices, after
a few fluctuations, are now about the same as when we last wrote.
in
—
Jdte Butts, Baooino, &c. There is no change in the posiand but little of interest has occurred. Trade
very quiet, and prices, in the absence of important transaction.s, are nominal.
For the small lots that are being taken
sellers are quoting 9Mo- for IJ^ lbs., 9%c. for 1=^ lbs., lOJ^e.
2 lbs. and ll^c. for standard grades but a shade less would
buy a quantity. There is a moderate call for butts, and a
few small lots have found buyers, but nothing is doing in a
large way.
For paper grades quotations are lj4®l%e.,.
while bagging qualities are held at 2%@2 7-16c.
tion of bagging,
is
;
1885.
1886.
Shipmentt
to all Europe
Thit
week.
from—
Bombay
xnii
week.
Since
Jan. 1
1884.
Thit
week.
Since
Jan. 1.
Jan.
Since
1.
9,Ono
9,000
33,000
16,000
9,000
5,600
42,000
10,600
47.000
3,800
102,000
13,700
18,000
49,000
14,600
52,600
50,800
115,700
All otber ports.
Total
Comparative Poet Receipts and Daily Crop Movement.
—A comparison of the port movement by weeks
is
not accurate
weeks in different years do not end on the same day of
the month.
have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relativemovement for the years named. The movement since
September 1, 1885, and in previous years, has been as follows.
as the
This last statement affords a very interesting comparison of
the total movement for the three years at aU India ports,
—
AiiEXANDRiA Receipts and Shipments. Through arrangements we have made with Messrs. Da vies, BenacM & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for thf
corresponding week of the previous two years.
Alexandria, Eaypt,
January
1885-86.
20.
seelpts (oantars*)—
TbiBweek
Since Sept. 1
1883-84.
135,000
2,623,000
Thit
Since
week. Sept. 1.
65,000
2,307,000
Thit
Since
week. Sept. 1.
Thit
Sinct
week. Sept. 1.
To Liverpool....
Xo Oontlnent ...
10.000 161,000 11,000 218,000
6,000 90,000
3,000 91,000
4,000 168,000
5,000 76,000
Total Europe.,
16,000 251,000 14,000 309,000
9,0001244,000
Exports (bales)—
•
A oantar Is 98
lbs.
This statement shows that the receipts for the week ending
Jan. 20 were 85,000 cantars and the sliipments to all Europe
We
to-night states that the market is steady.
give the prices
for to-day below, and leave previous weeks' prices for comparison.
8i« lb:
Bhiriingt.
82( Oop.
Ivtitf.
a.
4,
Kov20 8Jl6®888
8
9811,6
8
8
3
aS'ie
d
7>a37
7'4»7
71s »7
7ia»7
7'8 ®87ig
••
24 7'8 »81,6
" 31 778 asi]*
Jan. 8 7% 986,8
71a
" 15 7%®86,e
«
22
g.
»7 1^
»7 l>s
«7 1>4
S^
Bee. 4
" 11
" 18
1884-85.
7%
Mid.
XTplis
97
Iwiif.
BMrtingi.
d.
d.
5S]6
514
53iQ
5iia
8>«
d.
99
89163918
89l6«ni8
8i«
39%
8% a9
1
Oolt'r.
8>4 lU.
d.
8.
«7
»7
®7
8 ®7
7 e7
7 a7
9
9
9
7is»7
7is»7
7i«»7
7i«»7
Mid.
UpUit
d
5%
51:4s
6
l>
5'fl
516.
East India Crop.— Our cable dispatch of Dec. 18 referred
to rains in the Berars, and stated that bad weather and roads
were causing diminished receipts. We have this week mail
advices of the same date, and as confirming and explaining
our
cable,
we give
the following from Messrs. Wallace
report:
For forward delivery most
pending the
result
& Co.'s
have withdra-wn from the market,
of the rain which is now falling In the Oomrawuttee
sellers
1884-85.
rot.Do.31 3,594,638 3,662,205
Jan. 1
21,177
10.259
" 2....
19,02'^
15,114
" 3....
B.
23,20t
•'
32« Oop.
5
838 ®9
4i5ie 8''te99iie
5
»''i69&iie
5'18 8»8 a9
51,6 86]6®816i8l5
7ia»7
7i«»7
»85i8
Oott'n
1883.
1882.
1.
1881.
1880.
429.777 458,478853,195 968,319
974,043 1,006,501
996,807 1,020,802
This statement shows that up to Dec. 31 the receipts at theports this year were 67,567 bales less than in 1884 and
114,701 bales more than at the same time in 1883.
Thfr
receipts since September 1, 1885, and for the corresponding:
period of the five previous years have been as follows.
"
1885-86.
1884.
Total
3,594,638 3,662,205 3,479,337 3,514,473 3,253,822 3,454,09»Pero'tage of tot. port
receipts Dec. 31..
76-68
58-38
71-75
68-93
58-80
1885-86.
Manchester Market. — Our report received from Manchester
d.
1885.
Sept'mb'r
383,642 345,445 343,812 326,656
October. 1,055,524 1,090,385 1,046,092
980,584
Bovemb'r ], 0-13, 552 1,122,164 1,030,380 1,094,697
Deoemb'r 1,069,920 1,104,211 1,059,653 1,112,536
16,000 bales.
" 27
Tear Beginning September
Monthly
Receipt!.
1684-35.
85,000
2,378,000
i
We
"
"
"
4....
24 814
8.
6..
31,73(1
25,88,5
6..
14,401
21,985
15,047
14,687
32,314
21,9S7
7..
8..
9..
" 10....
" 11....
" 12...
" 13....
" 14....
" 15....
" 16....
" 17....
" 18....
" 19....
" 20....
" 21....
" 22....
"
Total
20.516
34,194
20,519
S.
14.574
8.
13,,144
18',770
S.
25,086
20,004
24,744
10,924
28,208
14,639
21,853
17,094
18,405
13,010
19,971
15,018
21,752
12,290
11,009
17,031
19.450
19,977
8.
1883 84.
1882-83.
,479,937 3,514,473
19,952
49,366
18,208
35,438
18,888
24,056
19.977
29,181
14.490
33,890
34.713
8.
20.021
S.
39,653
9,986
16,885
19,740
14,734
26,949
14,12s»
25,776
28,542
15,185
8.
23,752
18,021
8.
17,404
31,999
16,082
19,691
15,170
23,706
28,e03
20,346
15,185
30,896
8.
21,356
18,192
8.
18,843
21,176
1881-82
188C-91,
,253,822 3,454,0998
20,294
28,830
24,328
17,926
23,405
37,231
17,951
8.
21,640
16,348
15,187
12,362
31,380
12,290
8.
17,601
13,601
15,735
16,877
8.
23,424
11,808
13,397"
16,773:
25,03»
17,286
8.
26,830
18,056
20,036
18,509
28,777
24,347
8.
23,888
15,733
26,087
23,976
17,369
18,582
31,395
8.
17,510-
13,973,442 4,031,169 3,810,194 4,057,763 3,616,133 3,853,704
Percentage of total
port rec'pts Jan. 22
84-40
78-56
67-42
76-60
6561
.Exporters' jiurclmscs for the past fortnight amount to about
This statement shows that the receipts since Sept. 1 up to
„),*!;'",iS*f20,000 bales, and local ujills have taken about 7,000 bales. The result to-night are now 53,737 bales less than tl.ey were to the same
of the unseasonable rains referred to above cannot be ascertained at
present, as the weather has net cleared up, but, on the contrary has day of the month in 1884 and 168,248 bales more than they were
exteiided to the Cential and Northwest Provinces, so that it is
add to the table
/eared to the same day of the month in 1883.
that Bengals alsn mny be damaged. The fall has been heaviest in
the the percentages of total port receipts which had been received"
Berars, where five inches have been registered so far, and in
other to January 22 in each of the years named.
Oomrawuttee dislnols two to five Inches. Presses and gins have all
been stoi.ped, and there will probably be a falling off iu receipts during
The Exports op Cotton from
York this week show a^
"" ^'""'f'' however, that the quality gen
^^I'w'L'ffrr"'^]"-* ',*,'* the worse by
erally will be aflected for
such unseasonable niin, and all decrease compared with last week, the total reaching 11,051
sellers of "flne" qualities have withdrawn. Whether
bales, against 33,064 bales last week.
or not quantity
Below we give our usual
y" doubtful, but unless rain ceases Immediately table, showing the exports of cotton from
York, and their
?h«nft.'',^„''^f'l.'\''>''
"/ the Oomrawuttee crop will ue smaller than was expected
»?n?.l IK
direction, for each of the last four weeks; also the total exports
'"'" '^ reported to have talleu
fn B thir .L R^^i'
''?P.,'";',^"J-'U""
**"**'*" that all JsweU with these and directions since September 1, ?885, and in the last column
the total for the same period of the previous year.
We
W
New
New
T*
^ops^ye?^^''"
January
THE CHRONICLE.
38, 1884.]
xroKT* or corroa (balbx) rROM Niew Tons
iimob bbpt.
1. 1880.
Wiek eiuting—
Toteit
Sxported to—
Jan.
Jan.
Jan.
tinee
;>r«ti('iw
7,
Dee.
31.
Utime
perind
14.
21,
Sept. 1.
Below we add the clearances this week of vesMls oarrring
ootton from United Statea porta, bringing our data down to
the latest dates:
OAl.TKsr.iv - i>r t.iviTixii.I-.Tiin. 19—Mteamer DucheM, 3,594.. ..Jan.
year.
i
Hi
Kor
(ilrerpool
Otber British port*.
18,027 IS^-iOO
6.91
975
869
831
4,964 IU0,08.'>21.\987
1.102 31,775| 27,383
131
,761.
1
I
Orl'iiia, 2,022.
Jan. le-Hteamer
tltcumci' l^opuJiul, 2,700
Jaa.
<
Haw OKI
Jan. 18
Oata RloaD, 4,0ei..^
10—flteaiuer Andeiui,
3,<.i56.
ffOTALTO QRKAT BRITAIM
7.743 18,896 16.473
Havre
1,173
1,000
1,350
1,173
1,000
700
479
2.911
2,959
Total TO North. Europe 4,622 4,120
4,793,
6,066 221,860,24^,370
327
22,706
26,296
751
1,330
227
22,766
27,046
970
1,186
2,873
19,859
35,1H3
42,639
l.\994
33,864
44,354
4,768
97,681
94,212
"iVe
3,402
8,965
1.497
7,593
446
12,367
9,090
Other Frenoh porta
SOTAL FRKNOH
Bremen
HamliiirK
2.228
2,384
Other porta.
Spain, Op'rto,Qlbralt'r,Ao
All other
Total Spain, Ao
"'"36
"687
36
.
Grand Total
699
8*<'4.
24,052 23,064 11,051 354,674 373,718
The FOLLOWINQ ARK THE OROSS RECEIPTS OF COTTON
at
York, Boston, Philadelphia and Baltimore for the past
New
week, and since September
New York.
RkHvU
week.
Orleans.
of 2,000, as before reported,
(Ger.), before reported. Almost the entire cargo of
the bark Guttenburg, which went ashore southeast of Bird Key,
Deo. 15, would probably be saved, but the vessel Is a total wreok>
QnTTENnuRn, bark
Cotton freights the past week have been as follows:
Philadilph'a
Boston.
l.S»7
Since
Sept.
Since
Thi$
week.
1.
Sept.
Tilie
week.
1.
9,603
144.»00
1N8.S64
1,638
Baltimobr.
..
4,711
147,853
963
728
This
VKek.
1.
Liverpool, steam d.
n.2»8
233
213
10,3S3
33,764
Do
sail
Do
5,M4
74.SI3
13.003
96
B,633
546
VlfKlnla
!l.9i»
18.616
131,066
1.7S3
34.392
3,724
41.060
1,220
53,422
North'n ports
Tenne99ee,&G
CorelKu
1.131
8,205
4,100
43.332
6,510
60.818
87,706
171
781
19,468
8,931
28.208
SO.OM
809.982
13,183
214,305
4.813
76.819
7,384
126.711
3.373
153,81
I*st year...
2^.724
is-s.aa?
63.351
1,951
Total balei.
Liverpool, per Bteainers Auranla. 1,153
l,.^41... .Euclid, 908. ...Nevada, 59S....
ntyi.f Chicago,
Republic, 7(!4
Hull, pfrKteHuier.s Galileo. 37 .. Martello,
OlaxKow, per «tpainer Etliiopia, 602
4,964
463
500
002
227
Havre, per steamer Canada, 227
Hienien, per «teanipr Fulda, 1,186
Hauibuix. per Btoaiiicr Lcssin)?, 699
1,186
699
568
Roiterdaiu, per Rteaiuer Loerdam, 568
Antwirp, per Kteaiiier Peiinland ,2,119
ToC(ii)enha>.en. per steamer Thlngvalla, 186
HBW OKLEAN8— To Liverpool, per steamers Borinquen, 2,239
Serra. 4,075. ...per ships Ellei-sUe. 4,910. ...John Buuyan,
4,0ti0
2,119
186
To Vcralruz, per steamer Estabaa de Antunano, 818
per bark Olof G1.1R, 2.052 Upland
To Coiunua, per bark Liitoua, 50O Upland
To(ieuoii, per bark Maria Repetto, 5U0 Ublaud
CBARI.KSTON- To Liverpool, per barks Ossuna" 2,750 Upland
Uovtroft, 1.875 Upland. ...Tamora. 1.700 Upland
10 Bremen, per steamer Corona. 4.S00 Upland
To Gotteiibiir«. ppr brig Atlantic, 1,000 Upland
io lunoa, per bark Walle, 2.010 Upland
OALVKHTON-To Liverpool, perbark Linda Park, 783
To Havre, per bark Fa vorit. 1,544
To BriMuen. perbriK Delphin. 674
NORFOLK— To Liverpool, per ships Magnolia, 3,688
Kuby,
818
SAVANNAH— To Havre,
2,052
500
500
,
6,325
4,800
1,U00
2,01<)
783
ptiol.
New York. 4,9B4
N. Orleans. 15,884
Savannah..
dt
Ham-
fow. Havre, bury.
,102
227 1,88*
13,168
0,325
"83
Oollen-
burg,
Galveeton .
Norfolk
Baltimore..
V'™!
'•gS»
Boston
PbUadelp-a
Total... 42.272
t'aCriS?
'"
1,000
1.511
••••
..••••
••
1..,,,
••--•
••>•
•..
1.102 14.939 14.589
""^ *'^^* '°""
2,830
1,538
...*«
••...
our usual
••••
•••
•...
3.001
8,508
2,81.9
^,nO\I
l,OOo
3.873 6.026 2,510 86,129
Orleans are 318 bales to
^°^ ^*^
BarceIona,steam.e.
40*
40*
«64»%
'39
732®J4
Genoa, steam. ...e. 7S2®'4
732*14
»m'
7s2a'4
'S2»'4
Trieste, steam... e.
73a»'«
^4
Antwerp, steam. .e.
* Per 100 lbs.
—
LiVEBPOOL. By cable from Liverpool, we have the following
statement of the week's sales, stocks, &c., at that port.
add previous weeks for comparison.
We
Dee. 31.
week
Sales of the
bales.
Of which exporters took
Of which speculators took.
Sales American
30,000
2,000
1,000
23,000
Actual export
8,000
Forwarded
Total stock-Estimated
Of which American—Estlm'd
Total Import of the
week
Of which American
Amount
afloat
17,000
541.000
409.000
82,000
71,000
234,000
216,000
Jan.
8.
48,000
2,000
1,000
39,000
2,000
32,000
595,000
452,000
132,000
108,000
231,000
216,000
The tone
of the Liverpool
Jan. 15,
59,000
3,000
4,000
43,000
10,000
19,000
579,000
440,000
63,000
50.000
249.000
227.000
Jan. 22,
58,000
2,000
2,000
47,000
3.000
17.000
629,000
490,000
123,000
110,000
200,000
171,000
market for spots and futures each
day of the week ending Jan, 23, and the
of spot cotton, have been as follows:
Saturday Monday. Tuetday.
Spot.
Market,
12:30P.M.
,Mld.
Harden'g.
Upl'ds
Good
demand.
^3"'
53ia
Mid. Orl'ns.
10,000
Bpeo.dcexp.
1,000
Freely
elTered.
d^y
closing pricec
Wednet, Thurid'y.
Friday
Barely
Barely
supported Irregular. aapportel
5Sig
53)8
10,000
8,000
1.000
8,000
1,000
Steady.
Mr-
Qalet.
Quiet
but
Steady.
5'l8
10,000
1,000
8.000
5,000
Steady at
Kasy at
2-61 ad-
2-61 de-
Dnll at
1-64 de-
vance.
Quiet
but
cline.
cline.
"Jales
Market,
6P.M.
500
{
Quiet.
Easy.
steady.
Bl,
a
Qalet
It.
l)Ut
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
otuervrise stated.
Cy
The pricet are given in pence and 6liht. (Awf;
4 63-64d.. and 5 01 meaiis 5 l-64d.
non., Jan. 18.
Open High LOW.
Total.
ll.O.M
41.115
500
3.052
2,010 14.133
•
40*
e.
nmt. Jan. 16.
,
5,526
40«
40
"e4®»32 ^32® "e* 73a«i7e4 is^-aij "64®*<
d.
sail
Market,
12:30p.m.
l!388
1,611
runno. Genoa,
500
4,800
Reval, steam
Co-
tt
2.973
5,719
2.0.12
OharlesioD.
<ita.i-
40*
Future*.
~86il29
«,
"lawi'sa »i6a"«a »ia»»»s«
8all...o.
074
Liverpool, per s'teamero'ranmoreViisSsi.ii!.!!
To Bremen. p<T steamer Weser, 1.511
BOSTON— To Liverpool, per steamers Pavonla, 1,161
Venetlan, 1,609
'...'
fHiLAUKLPUiA-To Liverpool, per steamer British King, 1,538,
particulars of these shipments, arranged in
form, are as follows:
JRoUerdam,
A nlwerj), HarceCopenlona.
Bull <*
Bremen liagn i£ Malaga
H
H
«i
e.
Amst'd'm, steam.e.
1,514
**^''.5'*'.?'"^~''^'>
Livtr-
H
he
Of whioli American
.
The
>l323^ 11,,«%
11»2»38
15 884
____
To Havre, per ste.imer Marion, 4.032. .'.".'pershjps Bonanza,
3,872.... Mary I,. Burrill. 5,264
13,168
To Bremen, per steamer Triumph, .=i,fil9
5,519
To Hamliuii.', per bark B.ilthasar. 200
200
To Harccloua. per steamer Uernan Cortes. 4.026
4.026
To .Malata. per steamer Hernan Cortes, l..'>00
1,500
Total
7(149 <•
e.
sail
Do
Shippinq News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
86,129 bales. So far as tne Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the Chronicle last Friday.
With regard to New York we
include the manifests of all vessels cleared up to Thursday
oiKht of this week.
„
HEW „
YORK—To
Fri.
7e«»>8
e.
sail
Do
Do
859.540
Thuri.
7e4«>8
Hamburg, steam, o. »32»»8
11,317
1,416
.
Wtdnei.
ail...<t.
Bremen, steam. .e.
No. Carolina..
luet.
764®%
Havre, steam. ...e.
Mobile
This year.
Hon.
Since
SepM.
Do
37,869
riortdu
6o. Carolina..
Since
Sept.
4.731
6.112
Texas
Sayannah.
To
To
To
To
To
To
To
Below we pve all news received to date of disasters to veaaela
carrying cotton from United States ports, &c.
Matiukw Bedlinoton, steamer (Br.), before reported on Are at Newport News. About 200 bales cotton were damaged by Are, Instead
Batur.
ThU
from—
New
1, 188.5.
For Havre— Jan. 19— .Ship Storm Kln«r. 4,069.
For Genoa— Jan. 15— Hark Ilurltelj, 2,2,^0.
8AVA>NAii-Kor Liverpool— Jan. 18-8hlp Cejlon, 3,521.
For Genoa-Jan. 1,5— Briif Giro, 2,000,
Ohaki.kston— For LIverjiiM.l- Jan. 18— Bark Xema, 2,100.
For Bremrn— Jan. l.V- Hteamer Embleton, 4,425.
For Genoa— Jan. 15— Hark I^nazlo, 1.140.
Wii.MisoToN— For Leghorn, Italy-Jan. Ifi— Bark Ht. Joseph, 1,470.
NoKKOLK- For LiveiiMMil- Jan. 10— Bark Forest, 2,450.
For Koni'U— Jan. 16— Bark Jas. G. Bain, 2,328,
Boston- For Llwrpool-Jan. 13— Steamer Mlxeourl, 3,152,
Bai.timokk— For Liverpool— Jan. 16— Steamer Xessmore, 783.
PHiLADKU'iiiA-For Liverpool— Jan. 19—Steamer Lord Cllve, 1,401.
Cloe.
Open
i.
d.
d.
d.
5 02
5 02
5 03
6 00
S02
S03
5 01
il.
January
503 S02
Jan.-Veb.... 5 02
5 02
Feb.-March 803 BOS
March-Apr. 503 505
6 03
SOS
April-May.. 6 07 6 0? 607
May-Jane... 610 5 10 610
June-Jaly.. 6 13 6 13 618
July-AuK... 5 16
Aug.-gept.. 510
6 16
6 18
5 05
6 16
607
510
513
516
619
5 19
Low.
d.
Cloe.
Taea., Jan. 19.
Open High Low. OIM.
«.
d.
4 63 nuant
d.
d.
a
4<a
4«a
463
5 01
6 01
163 463 4 62
463 4 63 4 62
SOO SOO 463
503 6 0j 6 03
505 6 05 505
608 603 508
6 11 611 511
603
5 03
6 03
6 01
6 01
6 05
604
60?
610
613
616
604 503
607 5 06
6 10 600
6 13 513
616 61f
603
60S
600
500 500 500
soo 600 SCO SOU
5 14
5 1?
6 01
5 14
6 IS
608
611
5 14 514
617 618
6U
61S
THE CHKONICLE.
132
Thar*., Jan. 21.
WMlnra.. Jan.SO.
Open BtQh Low.
FrI.i
Om
Jaaoanr.
Jm.-Feb....
Feb.-Marcb.
Mu-cti-Apr.
Aprll-M»j..
Cloj
d.
t.
a.
d.
d.
d.
4 68
4 62
4 62
4 62
4 62
4 62
4 62
4 62
462 4 61!
4 62
4 62
4 62
4t>3
463 463 463 463
5 01
5 01
4 6a
4 62
4 63
463 4 03 4 63
5 01
5 01
5 as
6 01
5 03
'
5 01
5 01
.
I
d.
5 01
5 03
503 6 03 5 03
506 506 506 506
5 09 5 09 609 6C9
512 512 512 612
5 15 5 15 6 15 515
5 03
508
May-Jane-. S06 soa 506 506
eoe Boe 6 08 60S
Jnne-July..
Jnly-Auff... 6 18 513 512 5 12
BUS 519 BIS 516
Aug.-Sttpt
3!2.
Open High Low.
Open High Low.
d.
Jan.
4 62
4 62
4 62
5 00
462 4 62 4 62
4 62
4 62
4 62
4 62
4 62
4 62
500 6 00 600
5 02
5 02
5 05
5 08
5 02
5 02
5 05
5 08
6 06
606
5 08
508
611 511 611
614 614 511
[Vol. Xi:^.
The movement of breadstufls to market is indicated In th e
statements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the comparative movement for the week ending Jan. 16, 1886, and since
July 26 for each of the last three years:
at—
fiaceipti
Oom.
Wheat.
FUyur.
Bbl>.\96lbg
Bmh.eo lb! Bush.SH
Oats,
Barley.
Bmh.su
Iba
lbs
Rut.
Bmh.ifilb>'B%uli.mibt
511
Chicago
87.413
66.115
268.481
314,688
246.758
j.359
5 14
Milwaukee
Toledo
38.159
49,530
98,285]
3,855
I9.3M
:i,094
64.948
21,000
2,880
28.039
29,863
19,030
1.88.1
14.761
24,316
15.500
6,000
2,500
77,054
98.335
10.800
3,313
13,800
3,000
397.788
431,922
23,565
41.108
Detroit
Cleveland.
BREADSTUFFS;
Louis
St.
Fkidat, p. M.. January 22, 18b6.
Peoria.
..
2,307
....
8,212
.'!2,»93
88.080
...
476
2.750
151,000
84,975
.
Duluth
Tbe market for wheat flour was dull and depressed on Sat"
Tot.wk.
xffday and Monday at the reduced quotations given in our Same wk. '85
but on Tuesday took a firmer tone, with considerable
which coniinued throughout Wednesday. The reaction in wheat toward better prices encourages
Rye flour and corn
local dealers to purchase more freely.
last,
actirity in the dealings,
1.111
4.038
1.!
91.573
403,120
517,818
530.979
205,091
1.716,1586
2.438.124
1.067.S12
M0.038
2,386.264
1,141.894
308,588
84,290
4.100,401
41,666,346
45.9:7.246
31,649.970
13,345,733
2,093,805
6,333,569
75,769,222
45.001.930
3,413.176
58.422,0aa
31,973 8511
34,200.326
10.677,055
4,869.9901 53.694,098
12,301.161
5.463,878
Same wk. 84
182,179;
Sinte Jvly 26
1885-86.
1884-85.
I8t8-84.
meal have been flrm, but the demand was quite moderate.
The comparative shipments of flour and grain from the same
The wheat market has been quite excited. A severe attack ports from Dec. 21, 1885, to January 16. 1886, inclusive, for
ffOBQ the " bear" party, predicated on the large visible supply four rears, show as follows:
188.1-86
1884-35.
1883-84.
and the absence of export demand, caused a sharp decline in
1882-S3.
Flour
Obis.
573,113
917.996
696,545
926.544
tte course of Saturday and Monday; but on Tuesday the
bush.
696,707
1,351,102
1,527,675
1,381,582
"bulls" came forward in force, and their operations, together Wheat
with the demand to cover contracts which usually springs up
snder such circumstances, effected a material recovery in
Wednesday was wavering until near the close, when
values.
the report that a large business had been done for export led
further advance, with very large dealiBgs in May
<5 a small
and June options. To-day the market for futures had a firmer
openuig and tbe close was dearer, with a good business done
for export, effecting a rapid reduction of stocks in store.
AOAthT OLOSIHO PRICBS OP SO. 2 RED WINTER WHEAT.
w—
So*.
Hon.
Tuei.
Id elevator
90>a
....
89H
894
69%
January delivery..
rebruary deliver!^
March deUvery
88>4
88'8
9014
91=9
91i8
92=8
94J8
Aoril ileUvery
Itay delivery
93
94
Jtne deUvery
Indian corn has sympathized to
An
made
»7^
Wed.
90
88
88»8
SS'^e
90
.87
SO^
giSg
92I>8
9m
92i>8
93%
Ihurt.
Fri.
....
....
9Cis
88%
i>0^
yoia
gi"!
91%
93%
fO
93
95%
some extent with wheat.
demonstrate that the late
season.
The higher
prices have checked business in corn on the spot, and in par.
ticnlar the movement for export has been limited. There has
been very little done in white or yellow corn. To-day a vari.
able market closed without important change from yesterday.
OAILT OLOSINO PBICBg OF NO. 2 MIXED CORN.
crop
effort
has
been
was overestimated
to
early in the
Sat.
Hon.
SOH
49%
In elevator
January delivery
Febiuary delivery...
March delivery
April delivery
May delivery
50I4
49%
48%
481s
48'i
48ia
48i8
Tuet.
50
50
1838
48-a
4838
4«38
48
48
4838
Wed.
0II4
Si's
495b
4968
4914
48=8
Thuri.
hV-i
Frt.
52
49%
51'8
50'4
49'*
49I4
49>4
48%
49
ai'^s
49%
Oats have been.taken to a moderate extent and after a period
of depression the market showed increasing strength; still the
market has been very moderate for home consumption and
the speculation sluggish.
To-day there was a quiet and
DAILY CLOSING PRICES OF NO. 2 OATS.
Bat.
Mon. Tues.
Wed.
36>ii
S&^
36%
3ti!si
36I4
36»8
36%
36%
36%
37
87
April liellvery
3658
SS^e
36%
Fri
37i«
37
3714
37»4
37^8
Patents
City shipping ex
Bonth'n 00m. extras.
30 Southern supers
$3 409
40 Southern bakers' and
50
family brands
4 659
00 Bye ttour, suparflne.. 3 309
75 Com met 1—
00
Western, &o
3 00
)9
4.509 575
Brandywlne. Ao
8 159
3 eoa 5 00 Buckwheat flour, <8
4 009 4 50
100 lbs
190®
3
3
3
5
3
5
1
Bvnng,per bush.
Spring No. 2
Bed winter, Mo. 2
Red winter
White
Oom—West.
3 65
5 25
3 55
PO 9
89 9
90 9
75 »
85 9
45 9
51ia»
47 9
47 9
Dilxed
West. mix. No. 2.
West, whitcaew.
West, yellow, new
White Bouthern..
50
Yellow BoDthem.
47
9
«
Rye— Western
97
90
91
96
94
hA
52%
53
53
55
S3
Total grain....
3,189.556
9,730,961
8,695.575
10.401.799
Rye
Below are the
rail
63
State and Canada... 66
Oats— Mixed
9
64
9 67
35 o
39 o
3ti%»
39'a9
38
White
44
No. 2 mixed
38
No. 2 white
,„
40%
Barlcy-No. 1 Canada. 1 0091 05
No. 2 Canada
82 9 84
State, two-rowed
69 9 71
State, six-rowed
73 9 8.5
Buckwheat
51 ® 53
shipments from Western lake and river
1886.
1885.
1884.
1883.
Week
bbls.
bash.
Rye
Total
The
Week
Week
Week
Jan. 16.
115,771
Jan. 17.
243,967
Jan. 19.
179.625
Jan. 20.
172,214
224,071
441,577
358.U69
203,338
17.236
319,507
1,989,293
6u8,783
122,815
39,775
557,685
314,238
1,327,961
690,488
202,245
1,244.341
Flour
Wheat.. „
Com.... ._..,
Oats
Barley
3,080.173
1,617,324
741,428
182,990
60.748
and lake shipments from same ports
rail
36,877
3,160,175
2,571,809
for last four
weeks were:
Week
ending—
Flour,
Jan. Id, '86
Jan. 9,'86
Jan. 2,'86
Dec,26,'85
115,771
13H,998
189,878
130,466
Rye,
bush.
bbls.
17,286
24,753
35.976
31,714
4w. 573.113
Tot.,
696,707
The receipts of
week ended Jan.
flour
896,012
487,675
109,729
158,131
for the
bbls.
56,617
44,363
1,600
4.091
15.055
23,082
Boston
Portland
Montreal
Philadelphia...
Baltimore
Richmond
Newport News
1,427
New
Wheat,
bush.
4.950
4,830
14,200
9,600
15,261
25,556
8,376
Orleans...
week
The
'85..
follow:
16, 1886,
Flour,
At—
New York
256,293
678
Jan.
16, 1886,
Wheat
700
540,.550
80.296
2.500
2,350
45,000
7.064
9,214
7,293
2,650
39,000
4,800
17,832
356,256 126,693
5,500
531,532 155,204 38,099
ports for the period from Dec.
1884-85.
for four years:
9,o6,156
822,540
1882-93.
1,264,798
'
489,963
7.740.286
2.406.186
6,885,533
1,609.522
439,867
69,721
1,151.193
2,809,584
982.081
421,000
122,842
4,110.556
5,371,185
1.717,398
280,139
54,724
1,796, 9:i6
Oats...
592.973
39,518
Barley
Rye
Bye,
bush.
Oats,
bush.
752,852
bush.
Com
Barley,
bush.
ICOOOO 77,750
btish.
same
compare as follows
188.^,-86.
bbls.
Flour
Corn.
222,600
146,261
59,082
2,500
48,200
381.769
15,962
21,889
75.075 1.438.813
935,436 2.520,124
total receipts at the
21, 1885, to
4,223.479 2,263,629
5,870,862 1,866,491
and gram at the seaboard ports
4w'k8'84-5.917,b96 1.351,102
.,
10,659,466
Jll,410,829
1883-S4.
5,486,700
11,543,981
The exports from the several seaboard ports for the week
ending Jan. 16, 1886, are shown in the annexed statement:
Exports
Wheal.
from—
Hew York
2 05
l,8i:5,3JS
ports for four years:
3 15
GRAIN.
Vheat—
155,131
5,495,255
2.477,890
873,703
173,369
Total grain.
FLOtJB.
409
009
109
OOS
25n
'mnterZX & XXX.. 4 009
109,729
570,270
192,386
37 H
closing quotations:
Fine
VTlbl. $2
Baperflne
3
Spring wheat extras. 3
Minn, clear and stra't. 4
Winter Bhlpp'g extras. 3
4,57S).!I0G
4s7,t>75
Cor.
Thurt.
MaydeUvery
36%
36%
3a"78
ZIH
Rye has remained quiet. Barley malt has met with a good
demand at full prices, but a disposition among holders to
advance prices for choice samples has checked business.
The following are the
6.870.862
1.866,191
896,(112
Total weelt... 154.616
somewhat unsettled market.
January delivery
rebroary delivery
March delivery
4.2-23.479
2,26i,b29
.... ......
94!>8
94ie
Com...
Oats
Barley
Oom.
Sush.
162,267
Bush.
426.079
109.030
49,08^
Bbls.
197',288
li'364
22,893
245
6,986
Boston. .
Portland.
Montreal.
Philadel..
Baltlm're
N. Orl'ns.
Riohm'd
32,500
3,941
926 704
243,976
.
Total w'k.
Flour.
78,931
64,780
Oats.
Bush.
129,948
10,325
Xye.
Peas.
Bush.
Btish.
1,524
600
198.708 1,952,159
175,799
140,273
1,296,458 1,153,528
202,493
4,377
1,524
S'me time
1885.
..
10.295
31,521
We
add fbe
The destination of these exports is as below.
oon.'espoQding period of last year for comparison.
Januart
23,
THE CHRONICLE.
1880.J
Com.
WDmU.
flour.
and reached a
M»port$
tariattk
tSFS.
Week.
Jan. 17.
18f)B.
Week,
Jan. 16
BbU.
Bbti
129,372
18,V43
lit, 139
3.130
ieo,w95
4,355
15,249
18,329
3,146
554
175,799
202,493
1886.
Week.
Jan. 16.
ir«A:.
Jan. 17.
Witk,
Jan, 17.
Riu*
991.34'^ 1,070.005
864,2110
20rt.5iia
800
80, H 4:1
8,930
14.102
1.004
1,560
302,110
74,.710
amount, but purohaaea averaged
cottons and wide sheeting! were
in moderate request at unchanged prioen, but cotton flanoela
and oorset jeans ruled quiet.
Cottonades, denims, chevlota,
skirtings and cotton coatings were in pretty good demand by
the manufacturing trade, and a fair distribution of tickings,
light.
188S
Buth.
Stuh.
123.998
419
A3QI
Total...
1R8S.
1886.
Week.
Jan. 1(1.
6,.567
997
839,44.1
198,708 1,298,45? 1.952,159 1,153,528
ByaddinK this week's movement to our previous totals we
hkve the following statement of exports tUs season and last
133
stripes,
fair agcrregate
Brown and bleached
checks,
plaids,
&c.,
White goods,
parcels.
was made
scrim
quilts,
in relatively
curtains,
small
and table
dainarks continued to move freely, and prices are firmly
maintained on leading makes.
Print cloths were in fair
demand, and the market is strong on the basis of 3^c. for
64x64sand 2J^c. for 56x003, at which figures manufacturers are
reluctant sellers.
Prints were moderately active in first
Wheat.
CbfTt.
How.
bands, and a fairly satiefactory business was done in cotton
1884-85.
188S-88.
1885-88.
1884-85.
1886.88.
18e4-8S.
wash fabrics, ginghams, seersuckers, cotton hosiery and
mauru to- Aug. 84 to AU9. <S 10 Auf. 24 U> Au«. 2Seo Jtm. 24 tn Aug. 20
spring underwear, at firm prices.
Jan. 16
Jan. 17.
Jan. 17.
J.in. IB.
Jan. 18.
Jan. 17.
Domestic Woolen Goods.— The feature of the week in this
BuaV
BaeK
Bwh.
Bruh.
BDK.
Bbb.
on Klnjrdom 1.747,284 2.434 .758 8,85.-),675 I3.l.16.21.'5 14.804.222 8.4e2.6;)4 department has been a further slight improvement in the
0.500.260
2,602.080 13,40B,H10
2.218.067
OoEtlnnt ...
5«,542
22;U>I2
demand for heavy clothing woolens for next fall, some very
768.817
:tJ4.»7a
2.708
85.450
490.3^8
8. A C. Am..
sis.ais
fair orders for overcoatings, cotton-warp cassimeres, worstt^ds,
143.899
m.ma
3)4.20^1
4,107
159,8:9
WsM IndlM.
satinets, &c., having been placed in this connection.
146
50,169
41,783
Brit. Col'nlM
2B0.42H
SOd.UItt
25
LightOth. oouQtr'i
ie,8»u
18,878
26,232
12.701
09,877
13,792
weight clothing woolens were quiet in demand, but agents
Tfit«l
2.S37,000
3.657.nK(
7,«S(l,-93 26.819.904 20,791,399 11.432.33
continued to make fair deliveries on account of back orders'
The visible supply of grain, comprising the stoclcs in granary and stocks are so well in hand that prices remain steady.
at the principal points of accumulation at lake and seabuai d Kentucky jeans and doeskins were in light request, but prices
ports, and in transit by rail and water, Jan. 16, 1886
are generally firm. Cloakings and sackings have met with
Barley,
Com,
Oatt,
Xye,
WJieat,
more attention, and a good business was done in Jersey cloths
In elore at—
bush.
bush,
bruh.
butK.
bueh.
NewYorK
142,664 116.175 and light-weight stockinettes.
9.024,168 1,113,717 714,648
Flannels and blankets were
215,000
99.60(1
Do afloat
61,200
1,072,500
taken in small parcels to a moderate amount, and these goods
60.000
20,01)0
Albany
50,.500
600
30,000
BuflWo.
249.013
3,770,017
142,618
5,975
29,581
(as well as carpets) are firmly held by the mill agents. Woolen
Do afloat
632,207
194,538 320,878 fabrics adapted to women's wear, as ladies' cloth?, soft wool
Chloafco
14,591,710 2,497.833 271,581
Do afloat
16.5.350
47,000
suitings, tricots, &c., were more sought after by the jobbing
Newport NewB...
45,603
183,'869
Milwaukee
3.618,1^9
l6;7!2'7
trade, and both all-wool and worsted dress fabrics were fairly
Do afloat
90,500
Dnlutb
5,3!)7,60O
active in first hands and firm in price.
Do afloat
124,^21
Foreign Dry Goods have shown rather mire activity in
Toledo
2.2.57,768
17,018
5,563
9,404
Detroit
3,867 importing circles, but the jobbing trade was mostly quiet.
2,247,093
34,119
53,921
135,0»i0
Oewego
438.900
26.5,000
9.640 Drees goods were in somewhat better dem>ind, and there were
15.314
Bt. Louis
2,414,.521
970,084 172,i96 1.56,427
Cincinnati
14.^,000
5,000
23,000
91,000
53.000 more liberal dealings in eilks. Men's- wear wojlens and worsBoaton
77.140
279,770
226,227 330,232
76 teds were distributed in fair quantities, and there waw a modToronto
305.497
1,500 197,7.53
erately good movement in housekeeping linen goods, white
season:
t-
1
Montreal
PhUadelphla
612.905
90.5,607
353
213,117
Peoria
Indianapolis
2,453
•14,784
Kansas City
149,200
889.173
Baltimore ........ 1.212.K15
Minneapolis
5,984.492
BtPaul
1,196,000
Down MIrs
Onrai
82,0C0
T.t.
Tot.
Tot.
Tot.
Tnt,.
*
Jan.
Jan.
Jan.
Jan.
Jan.
16. '86. 57,108.286
9. '86.
17, 'SS*
19, '84'
20, •b3*
57.958.176
42.776,970
34,8H0.874
21,388.312
89,392
156,273
84,114
71,693
46,604
3,799
55,590
63,5.>2
768,463
4,166
49.637
2,000
6,290
goods, embroideries, laces, hosiery and fabric gloves.
The
moat staple foreign fabrics are generally steady in price, and
manufactures of silk have developed a stitfening tendency,
because of the recent sharp advance in the staple.
3,800
Importations of Dry Goods.
of dry goods at this port for the Wt-ek
ending Jan. 21, 1886, and since Jan, 1, and the same facts for
5,91'
The importations
19,976
465,000
7.07«,6O6
9.183,003
6,414.149
11.055.840
9,575,797
9,428
1,148
211,000
110,000
2.292,193 2.066,882 760.152
2.749.637 2.203.948
736,438
2,443,3511.788.029 452,792
5,887.257 3,094.743 2,580,341
4,419,625 2,792,300 1,494,001
the corresponding periods are as follows:
O
$
St
rlla
Mlnne apollg and Bt Paul not Included.
O
1
?ri
a:
i
,
?;
THE DRY. GOODS TRADE.
New York.
:
•
having been done by commission bouses and
importers, while there were symptoms of improvement in
the jobbing branches of the trade. Package buyers from
all sections of the West and South are now present in great
force, and their purchases for the coming season have been
commenced with a degree of liberality denoting ample
confidence in the situation. There is not, however, the least
tendency toward speculation on the part of distributers, and
operations have thus far been conducted upon a most con-
The demand by
interior jobbers
was
CCOi
ccto
e^
»--
MM
--1
•
9
:
:
:
;
a
tf^
'
CDGC
-O
fabrics
servative basis.
•
Friday, P. M., January 22, 1886.
The market for dry goods has shown moderate activity the
past week, a fairly satisfactory business in spring and sum-
mer
:
?!:::
•
— CO'-'
gpCff
ro
,-•
tJ
coco
C
tou
to *. CD -^ GO
boiVi'^b
— c«
-Jif^")tOO
0( CO to
Xt-»
!-•»-
^uc;<>*o«
W CO
-vi
#*
O K o: to ®
^1
QO-)a>toco
^ wcooso
^cc o
00- C-H-Ol
CO
:ji
tOCi
CD
toco
toot
<x>
- towcoto
to
CD ;j
<iiw(xaoto^
CO
0-.
no?
013
C O' CO to
w_tO;t»._ro
"crC-MCHCD
CO
u
to to 31 CJ 03
_-
WOD-lf- —
to
O
Mt3i^.C:C»
Q0<£)Q0l^O
to
tobooo'l^
b ^cViQo'to
to
wo** *"^
H* iv
t;)
i
i^tO
I
(009
chiefly
^ Oi Ki 00
^ -q 0}
10
I
01
CdO/COCOO
**OCO--I«ia6
*»•
for patterned fabrics, but there
was
a fair inquiry for
staple cotton goods of domestic manufacture, and some pretty
good orders for heavy woolens were placed (for future
delivery) by the clothing trade.
The tone of the market
continues steady, and advanced quotations have been made
for some descriptions of woolen goods because of the increased
cost of the staple, while silk products are much more firmly
held for the same reason, although prices of the latter have
not undergone any material change as yet.
Domestic Cotton Goods.—The exports of domestics during
the week ending January 19 have shown a substantial improvement, 7,26d packages having been shipped from this port.
The principal shipments were 2,709 packages to Great Britain,
1,460 to Africa, 1,401 to Madagascar, 349 to Venezuela, 258 to
U. 8. of Colombia, 25.5 to French Possessions in Africa, 115 to
Chili, &c.
The demand for staple cotton goods was steady,
also
o'to to
(H>
I
^*jtooy»
00
tOCOh-UW
-40
-lb
I
-g CD
(
i
I
CO-q
0<
— -g**.
I*- ;/•
© CO
,
Ci^COOOO
to tv to
"-J
i**^
t
2S
00
00
^»OiU«kCO
co»o
on—
OS to
TDM*.
tco«--o J«
tOC*J'^0>
-4
0*»3:4-Cl-*
05b***>bi
cooo;;t3s^i
tf.Wi»-*-HO
.«"
CO
CO
"55
ACOl^QDW
Ceo
bjOi^J*0>
bos
O
00
U.I4
'
I
«io
«0>
I
%
I-'
03 CD
*00 30-._—
Ki to
M 00 to m j>
o
)->
Ct)
p;O_-Jt0r»
'eobibtfoV*
CO^
cooootoo
*J3S
i*k
w
COcKi^tOtOVr
«p^^(OW
baoob*IKOJ-oCO--
^0lX0D-.O
THK CHKONICLE.
134
financial ^o\np^mts.
^ompmiizs.
'gxvLSt
[Vol. XI ,11.
Cobb
United States Trus' Co. Metropoiitan Trust Co.,
&
Brewster,
No. 49 WAIiL
Capital aud Surplus,
BANKBKS,
CONGRESS STREET,
No. 8S
This company
into court,
trust ee.
BOSTON.
Rnnd*.
$6,000,000
a legal depository for moneys paid
autnorized to act as guardian or
JOHN A. STEWART, President.
WILLIAM H. MACY, Vice-President.
JAMES S. CLARK, Second Vice-Pres't
money.
CHAKLK8 H. SHZLSON
JO8HDA WILBODll,
BiNJAHiN A. Jackson, Wiujaii binnbt, Jb.
Wilbour,
PAID
E.xecutors, administrators, or trustees of estates,
and females unaccustomed to the transaction of business, as well as religious and benevolent institutions,
will find this company a convenient depository for
ALSO,
StatPM
STREET.
INTEREST ALLOWED ON DEPOSITS,
Dealers In nnnldpal, State, RallroaFTnftf%«l
and
la
is
JB.
iJohnH.Rhoades.
Dan. H. Arnold, iW. W. Phelps,
Thomas Slocomb.'D. ' Willis James. Anson P.Stokes.
*. .. ^ ,..
'
'
jRobt.B. Minturn,
Charles E. Bill, John J. Aator,
Wilson G. Hunt, John A. Stewart, '(Jeo. H. Warren,
S. M. Buck'gham Geo. Bliss.
Wm.H. Macy,
H. E. Lawrence, William Llbbey,
Clinton Gilbert,
Daniel D. Lord, Isaac N Phelps, John C. Brown,
Erastua Corning, Edward Cooper,
Samuel Sloan,
S. B. Chittenden, W.Bay'rdCutting
James Low,
Chas. S. Smith.
.
BANKERS AND BROKERS
WETBOSSET STREET,
SS
PROVIDENCE,
R.
I.
in Commercial Paper, GoTemment 'an'
flrBt-olass Bonds anil Securities and ForelK
Daalen
other
BxobanKe.
PrlTate TelegTHPh wire
New York and
t.o
HENRY
LOUIS
Bogto
L. THORNRLL. Secretary.
Q. HAMPTON. Assistant Secretary
Samuel G. Studley,
Trust Company
COMMISSION STOCK BBOEEB, Union
NEW TORK.
No. 4 Excbanse Place, Room Mo.
OF
4,
73 Broadway, cor. Rector St., N. Y.
BOSTON, MASS.
MKMBBR OF BOSTON STOCK KXOHANOE.
CAPITA li, SURPLUS,
$1,000,000
$2,000,000
-
gMXajdclpTxta l^aufecra
Narr
&
Authorized to act as Fxecutor, Administrator,
Guardian, Receiver, or Trustee, and is
A LEGAL DEPOSITORY FOR MONEY
Gerlach,
BANKERS AND BROKERS,
CHESTNUT STREET,
PHII.ADEL,PIIIA.
No. 437
Members of the Philadelphia and New York Stock
Exchanges.
Bills of
Cable Transfers,
Exchange and Letters of
Credit.
Accepts the transfer agency and registry of stocks,
and acts as Trustee of mortg-iges of corporations.
Allows interest on deposits, which may be made at
any time. «nd withdrawn on five days' nt)tice, with
interest for the whole time they remain with the
cum pan y.
For the convenience of depositors this company
also opens current accounts subject, in accordance
with its rules, to check at sight, and allows interest
up >n the resulting daily balances. Such checks pass
TRUSTEES:
Wm.
Jamei M. McLean,
Ambrtwe C. Kingsland,
James H. Ogilvle,
Whitewrlght,
Henry A. Kent,
Jos. M. Shoemaker & Co
R. T. Wilson,
Wra. F. Russell,
C. D. Wood,
BANKERS AND STOCK BROKERS,
No. 184 S017TH
James N.
THIRD STREET,
H. Frothingham,
George A. Jarvls,
I.
D. C. Hays,!
C. Vanderbilt,
A. A. Ik»w,
James Forsyth.
George Cabot Ward,
G. G. Willinms.
R. G. Henisen,
E. B. Wesley,
J. B-
Henry
jBattluers.
Wilson, Colston
&
Co.,
BANKERS AND BROKERS,
EXECUTIVE COMMITTEE:
Wm. Whitewright,
G. G. Williams.
EDWARD
and
SODTHBRN 8BCUBITIBS
and information
•
alaned.
H. Y. Correapondenie— MoKlm Brothers
Robert Garrett
No.
T
&
for
D. C.
H lys.
KING, President.
JAMES M. MCLEAN, First Vice-Pres't.
J ^MES H.OGILVIE, Second Vice-Pres't.
IMOlaltr.
Gorreapondenoe oUoited
E. B. Wesley,
C. D, Wood,
A. O.
RONALDSON,
Secretary.
A Go.
Sons,
BANKERS,
SOUTH STREET,
BALTIMORE,
TRANSACT A GENERAL DOMESTIC ANL
POKBION BANKING BUSINESS.
The Brooklyn Trust Co,
Cor. of
Montague & Clinton
Brooklyn, N. Y.
is authorized by special charter to
act as receiver, trustee, t^uardian, executor or adsts.,
This Company
ministrator.
It can act as agent in the sale or management of
real estate, collect interest or dividends, receive
registry and transfer books, or make purchase and
stue 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
for money.
RIPLEY ROPES. President.
W. CORLIKS, Vice-Pres't.
EDMUND
The Union Trust
811
AND
613
TRUSTEES:
Co.,
CHESTNUT STREET,
PHILADEI.PHIA.
Attthorlied Capital
tl.OOO.OOO
Paid-up Capital
SOO.OOO
Acts as Execotor, Administrator, Assignee, etc.,
and execatCH trusts of every description known to
the law.
All trust asseta kept separate
Company.
from those of the
Burglar-Proof Safes t-n rent at $5 to $60 per annum.
Wills kept In Vaults without charge.
Bonds. Stocks and other valuables taken nader
guarantee.
Paintings, .statuary. Bronzes, etc., kept In Fire-
Proof Vaults
Money received on deposit at interest.
JA8. LONG. Prea't. JOHN <i. UBADING, V.-Pres't
MAUI,OiN S. STOK KS, Treasurer & Secretary.
D. B.
PATTERSON,
Irust Officer.
DIRKCTOKS.— Jame^ Ixing, Alfred S. Giilett, Joseph
Wright, Dr. Charles P. Turner, William S. Price.
John T. Monroe, W. J. Nead, Thomas K. Patton.John
G. Reading. Wni. il. laicius. D. Haves Agnew. M. D,,
Jos. I. Kcefe, Itubert l*atternon, Theodor C. Engel
Jacob Naylor. Thos. G HoimI. Krtwurd L. I>erkins,
PHILADELPHIA: Samuel
Kiddle, Gl.B.v
Riddlk Pa
Dr. George W. Kelly. IlAnillSHuniL Pa.; J. Simpson
Africa. m-NriNlilxiN; Henry S. Eckert, RKADINo:
Edmunds. Doty, IMifclintown; W. H. H. Davis
DoYLKSTow.n; U. K. Monaghan, WKST CHESTKB;
Cbas.
W. Cooper, Allbntowk.
Josiah O. Low,
E. V. Knowlton, Henry K Sheldon,
Alex. M. White, John T. Martin. C. D. Wood,
A. A. Low,
Fred. Cromwell, Henry Sanger,
Alex. McCue,
vvm. U. Male,
John P. Koife,
Mich. Chauncey, E w. Corlles.
Ripley Ropes,
Wm. B. Kendall, H. E. Pierrepont.Abram B. Baylls
Jas. Ross Cubran. Secretary.
THB
Provident Life &Trust Co
OF PHILADELPHIA.
Incorporated
Third Mo., 22d, 1K«5.
_ _ (CHARTER
CAPITAL
ASSETS
PEKl'ETUAL.)
$1,000,000
mand, oron which Interest is allowed, and Is empowered bylaw to act as EXECUTOR, AD.MINISTRA-
TOR, TRUSTER, GUARDIAN, ASSIGNEE, COMMITTEE, RECEIVER. AGENT, etc.. for the faith
performance of which Its capital and .snrnlus
fund furnish ample security.
All trust funds and investments are kept .separate
and apart from the assets of the company.
The Income of parties residing abroad carefully
ooUected and duly remitted.
SAM'L R. SIII1>LEY, President.
T. W18TAR BROWN, Vice-President
ASA 8, WING, Vice-President and Actuary
tul
BRITTIN.
Secretory.
FINANCE COMP'Y,
96
BROADWAY, NE^V YOKK.
JOHN C. SHORT
FRANCIS A. WHITE
JAMBS S. NEGLBY
THKO. B. TALBOT
WM. P. WATSON
President
Ist Vice-President
2d Vice-President
Sd Vice-President
Seo'y
and Treas.
A.nthorized Capital Stock, $1,000,000.
600,000.
Paid In
SOUND INVESTMENT BONDS furnished to Savings Banks, Insurance Companies, Executors
Trustees of Estates, and Individual Investors.
and
UNITED STATES BONDS,
State Bonds, MuniciBonds, Railroad Bonds, bought and sold,
of Slates, Municipalities
*nd Railroad Companies negotiated or collected.
CALL AND TIME LOANS made on United Stat«a
Bonds and good Municipal and Railroad Bonds.
pal
DEFAULTED BONDS
FINANCIAL AGENCY for railroad companies and
^ther corporations. Will also conduct the reorganisation of railroad companies and other corporations
whose bonds are in default.^or whose property is la
'.he hands of Receivers or Trustees,
RAILROAD LOANS negotiated.
Circulars on application.
Bonds of Sni-etysliip.
NO OTHER BUSINESS.
The Guarantee
Co.
OF NORTH AMERICA.
1300,000
400,000
214,000
Cash Capital
OashAssets
Deposit with Insurance Department
Vice-President
President
HON. jAS. FKRRIKB.
Managing Director: BJdward Rawlinos,
SIK ALEX. T. GALT.
NEW YORK
OFFICE;
BROADAVAY.
NO, 111
TO.MPK1NS, Secretary.
Niw York Dirkctohs— Joseph W. Drexel, A. L.
Hopkins, H. Victor Newoomo, John Paton, Daniel
Torrance. Edw. K WInslow Krastus Wlman.
D, J.
FIDELITY A CASUALTY
Nos. 814
*
216
CO.,
BROADWAY, NEW YOBK.
Cash Capital, $250,000, invested in U. 8. Gov't Bonds.
1200,000 depo.sited with the N. Y. Isn. Dep't, for
the protection of Policy-holders.
Assets, January l.st, 1BS5, »51li,01«) 11,
OfQcials of Banks, Railroads and blxpress Companies. Managers. Secretaries, and Clerks of Public Companies, Institutions and Commercial firms, ean obtain
BONDS OF SURETYSHIP
from this Company at moderate charges.
The bonds of this Company are accepted by
t*ie
courts of the various States
CASCAI.XX DEPARTMENT.
Policies issued against accidents causing death 01
totally disabling injuries.
Full information as to details, rates, &c., can be
obtained at head oflBce. or of Company's Agents.
Wm. M. RichariS. Prest. John M. Crane, Seo'y
KOB'x J. Hillas, Ass't Secretary,
DIRECTORS:
David Dows,
W, G. Low,
Geo. T. Hone
A.
G. G. Williams,
Barnes,
S.
Charles Dennis.
Alex. Mitchell,
8. B. Chittenden.
M. Richards.
J.S.T. Stranahan.H. A, Hurlbut,
J. D. Vermilye,
A. B. Hull,
Geo.
S.
Wm.
Coe.
SaxRHAN 8. JKWKTT, Pres. Josiah JiwiTT, V.Pres
WILLIAM
C.
CoRNWELL, Cashier.
Bank of
Buffalo,
OAPITAli,
$300,000
BUFFALO,
N. Y.
ThlB bank has superior facilities for n ''\lnfc oolleo
clODB on alt accessible points In the U Ited Statei*
Liberal terms extended to
Canada and Europe.
iocounts of bankers and merchants.
COBKESPONDENTS.— New York. Nf,tl:aa1 Shoe A
Tj«at.h»r Rank: TTnlnn Runh of I,oni!fii.
.
$15,621,530 63.
INSURES LIVES, GRANTS ANNUITIES
CEIVES MONEY ON DEPOSIT, returnablo on REde-
J.
AMERICAN
8chell.
Araasa J. Parker.
Samuel F. Barger,
Robert Lenox Kennedy,
James M McLean,
George Cabo*.- Ward,
BALTIjnORE.
INTB8TMENT
WALTER
Stokes,
J.B.Johnston,
of Baltimore Stock ExcbanKe,
Johnston,
Edward
D. H. McAlpin,
Georce B. Carhart,
Members
and accept and execute any legal .trusts from
persons or corporations on as favorable terms aa
other similar companies.
THOMAS HILLHOUSE, President.
FREDERIC D. TAPPEN, Vice-President.
tions,
S. T. Fairchild.
Piatt,
Edward King,
PEIIL.ADEL.PIIIA.
galttmore
act as Hsoal or transfer agent, or trustee for corpora-
through the Clearing House.
ROBXRT M. JANMIT,
JOS. M. SHOSMAKllt.
Designated as a legal Depository by order of Snprenie Court. Receive deposits of money on interest,
TRUSTEES:
Jackson & Co.
New York
TIP CAPIT.tl,, $1,000,000.
Mills Building. 35 Wall St..
T07?K.
which may be made at any time, and withdrawn after
Ave days' notice, and will be entitled to interest for
the whole time they may remain with the company.
aCEUBERS OF THE NEW YORK AN.
BOSTON STOCK EXCHANQES.
and
XEW
OF
Estabrook,
KriTABLlSlIED
Eugene
11«
1S55.
Cole^
STATIONER AND PRIIVTKR.
Supplies Banks. Bankers, Stock Brokers and Ccpo
rations with complete outfits of Account Boo^saM
Stationery.
New concerns organiiing will have their order
gy
promptly executed.
No.
1
WILLIAM STREET,
(HANOVER SQUARE,)
January
THE CHKONICLE.
S3, 1S86.J
'gUBVLXmUt,
^UBUVVLUCt.
CiPottim.
THE
MUTUAL LIFE
OFFICE OF THE
INSURANCE
ATLANTIC
CO.
OF NEW fORK.
MoCURDY,
R. A.
President.
IBBUKS SYSST DMBOSIPTION OF
Mutual Insurance Co.,
LIFEA ENDO WMENT POLICIES
Rates Lower i^an other Companies,
ORGANIZED APRU,
NEW YORK, January 24, 1885.
ThftTrnstees, In oonfonnlty to the Charter of
the Compuny, auhnilt the following Statement
Ita affalrB ou the 3lBt December, 1884:
»a Marine Klska from
1st January, 1884, to 3l8t December, 1884
$3,058,039 44
Premium* on PoUoiea not marked
off let January, 1884
1,447,756 70
AasetB.
Premiums
$5,405,796 14
January
Assets,
Income
Premlumn marked
olT
from 1st
ber,
paid during the same
period
$2,109,919 20
Betnins of Premiums and Expenses
$787,789 40
The Company has the following Assets,
Dalted States and State of New
York Stock, City, Bank and
168,161,925
10,483,617
16,003,480
THE SOCIETY
The United
viz.:
IN
2,005,100 00
C. P.
oelvaole
1,454,959 73
OaahlnBank
261,544 65
$12,938,289 38
IN
T. H. BROSNAN. President.
Fralhoh. Seo'y. A. Wbeilwhioht, AM't Sec
II.
ing oertlflcates of profits will be paid to the holders thereof, or their legal representatives, on
and after Tuesday, the Third of February next.
THE OUTSTAJJDING CERTIFICATES of
the issue of 1880 will be redeemed and paid to
the holdtrs thereof, or their legal representaClres, OB and after Tuesday, the Tlilrd of Febmary next, from whleU date aU interest thereon
wOl oease. The certillcates to be produced at
the time of payment and canceled.
BDRroRD. Actuarr.
All the profits belong to the I'olioy-holders exclusively.
All rollcies IbsuocI by this Company are INIIISPUTABI.K after three years.
All Death Dlalius paid wiTHol' r iii.scouNT as soon
as satisfactory pi-oofs have been received.
This Company issues all forms of Insurance, in-
cluding Tontine and Limited (N on Forfeiting) Ton-
A DIVIDEND OF FORTY PER CENT
after Tuesday, the Fifth of
By order of
J.
H.
tlie
May
next.
Edmund w.
Charles Dennis,
Adolphe Lemoyne,
W. H. H. Moore
James Low,
David Lane,
Gordon W. Bomham,
Robt. B. Minturn,
Charles H. Marshall,
William Bryoe,
John EUiott,
James G. De Forest,
Charles D. Leverlch,
0»»rlee P. Bordett,
Thomas
Corllee,
B. Coddlngton,
Horace K. Thurber,
WUllam Degroot
John L. Rlker,
N. Denton Smith,
George
Bliss,
Henry E. Hawley,
».
*
MOORE, 2d Vloe-Preeldent.
B>VRV
Deo. 81,
NON B.
'84.
Direct Line to
S« V/v>.prB.M.nt.
" Fnturww" eT«wnit«Ml at
JOHN
W
.
y. Potton Vzeta.
&
U. CEISBY
CO.,
COTTON BUYERS,
inONTGOniERY,
AI.A.
PlTSCHAai ONLT ON ORDHRfl FOB A COMVIIWIOa
Jk^ttovucys.
W.
William
Porter,
Attorney and Counsellor at
No. 623 WALNUT STREET,
Law
Corporation, Transportation and Commercial T,AW.
Refeuf.nces:— The Trust Companies, The Natlona
Banks and Railroad Companies in FhiladelpfaU, and
the Judges of any of the Courts.
A. Angier,
E.
Attorney and Counselor at Law,
ATLANTA, GEORGIA.
PRACTICES IN ALL THB C0CRT8,
Oorj)oro<ton and Oommm-eial Law a Speeially.
Refers to Judges Stephen J. Field and Wm. B
Woods U. 8. Supreme Court. Washington. D C.
Commercial
CPards.
&
Co.,
Manofaotarera and Deslen (B
COTTON S AILDUCK
And aU kinds ot
CANVAS, FKLTINQ DnCK, CAR
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, Ac., "ONTARIO" SBAMLRSS
BAGS, "AWNING STRIPES.
Also, Agents
France.
From Pier (new) 42, North Kiver, foot of Morton St
Travelers by this line avoid both transit by Kngltsh
railway and the discomforts of crossing the Channel
In a small boat.
1. A Hit A Don, P. d'Hauterive...Wed., Jan. 27, llA
M.
ST. SIMON, imrand
Wed.. Feb. 8. 5 A M.
ST. (;EltMAlN. Traub
Wed.. Feb 10. » A. M.
ST. LAURENT. Oe.lcnisselln.. Wed., Feb. 17
PKiCK or PAS.SAOKilncludIng wine):— To uavre—
First cabin, $100 and #.'«; second cabin. »tH): steerage. 122— Including wine, bedding and utensils. Return tickeu at very reduced rates. Checkson Banque
Transatlantlque, Havre and Parls.in amounts to suit.
4AM
trom Harre
to Paris.
The Compagnle Oenerale Transatlantlque delivers
at Its office In New York special train tickets from
Ilavre to Paris. Baggage checked through to Parts
without examination at Ilavre. provided passengers
have the same delivered at the Company's dock In
New York, Pier 42 North Ulver. foot of Morton St.
at least two hours before the departtve of a steamer.
LO(JI8
in
OOTTON
^leamsMps.
Special Train
Co.,
,
DB KBHIAN,
Affent,
No. « Rowltni; <Jre«n.
William D. Morgan,
Isaac Bell.
JOHN D. aONES, President,
CHARLES DENNIS, Vice-President
W. H. H.
'82.
»17,1«7.105 00|19.768,»84 00
due and unpaid on Total Assets, Decemcm
^
ber 31, 1884.
Orders
»u,lll,4«8 00
GENERAL TRANsliTLANTIC CO.
Between NEW YORK and HAVRE.
TR OSTBESt
Benjamin U. Field.
Joelah O. Low,
Horace Oray,
WUliam E. Dodge,
WllUam B. Maoy,
O. A. Hand,
John D. Hewlett,
WUllam H. Webb,
Dec. 31,
Interest
&
134 PEARI. STREET, NEW YORK
FELLUWES, JOHNSON ft TILE8T0N,
COTTON, STOCKS, RONDS, *e.,
26 WILLIAM 8TRKKT. NKW TOBK.
(636,14918
1883 4 1884.
1881 k 188«.
„ ,
New Insurance „
Written.... »5««4,2n 00
STREET.
Brinckerhoff, Turner
1881.
ONLY
Secretary.
J. O. Jones,
Wm. SturglB,
1»83.
ments, Annuities, Surrender! and Dividends
$475,023 98
Board,
GHAPmAN,
A. A. Raven,
OOMPAKISO.N OF BUKINKUS.
Insuranoe In force
is
declared on the net earned premiums of the
Company, for the year ending 31st December,
1884, for which oertiticates will be issued on
and
One month's cruce allowed in the payment of
i'remiums on Tontine I'oliclts, and ten days' Rrace
on all others, the Insurance remaining in full force
during the grace.
Absolute security, combined wlih the largest liberality, assures the popularity and success of this company.
GOOD AGENTS, desiring to represent the Company, are Invited Ui address J. S. GAKk'NUy, Superintendent of AKencles. at Uonie Office.
P«ym't» to Polloy-holderB
for Death Claims, End<iw-
Tainter,
Philadelphia, Pa.
York.
tine.
BIX PER CENT INTEREST on the outstand-
97 PBARI,
1850.)
& 263 Broadway, New
Ueo.
440,000
States Life
(OKOANIZBD
&
Waldron
ISSUES
Insurance Co.
THE CITY OF NEW YORK.
261, 262
l,lv er pool.
81,072,486
INDISPUTABLE ASSURANCES
AND MAKES
PROMPT PA YMENT OF CLAIMS.
$8,776,685 00
Loans secured by Stocks and
otherwise
Beal Estate and Claims due the
Company, estimated at
Premium Notes and Bills Be-
Amount
1885
last 36 years
$4,066,271 04
18d4
other Stocks
1,
in 1884
Paid to Policyholders during
January, 1884, to Slst Oeoem-
and
COTTON BROKERS,
BROADWAY, NEW YORK.
Surplus at 4 per cent
York.
Geo. Copeland
LIFE ASiHiVRANCE SOCIETY,
120
New
BBLMA, ALA.; MONTOOMKRT, ALA.
Bayers of Cotton for a Commission
Orders for rotor* Ckjntraota aieonted In N«w Ton
$103,876,178 51
-
Co.,
Cotton ConimlgHion Blerchantf),
No. 19 SOUTH WILLIAin STREET
COTTON MERCHANTS,
14, 1842.
EQUITABLE
Preoiliiins
Total Marine
-
&
John C. Graham
UNITED STATES RI7NTINO
A. roll
sapply, all
No. 109
Bliss,
Sbtn Br ALL DEALERSTHTOuonoin-lMc WORLD
sOOLDVEDAL PARIS EXPOaiTION^iaTS.
CO.
Colors, always Is
Dnane
Street.
Fabyan &
Co.,
New
York, Boston, Philadelphia,
SHLIJNO AGENTS KOR LEADING BRANDS
BRO^VN
RLEACHEB SHIRTINO
AND SHEETINGS,
dc
PRINTS, DENIMS, TICKS, DUCKS,
Ao.
ToirelR, <lnllta. White Goods tc Hoatari
tyfUlt. Shtetinot, •*«..
for Kxxxtrl Tratle.
THE
IHEW YORK
Moist Letter Copying Book.
(Patented Norember 26th.
CNIFORlTt COPIES.
1878.)
SAVES TIIfB.
NO IVATER. NO BRUSH.
ALWAYS READY.
E. L.
JOSEPH CI LLOTTS
STEEL PENS
Widths and
FAK60,
106
Sole Hanufaetiirer,
ST., NfcW YORK.
LIBERTY
In the use of " This Book," the great annoyance of
water, brushes, cloths, &o.. Is done away with— the
hook Is ready at all times to copy any number of letters at once. Parties using same pronounce It the
very thing they want; the copies are clear, distinct
and uniform.
Prices Reduced.
Seud for Price List
m
THE CHRONICLE.
&
Walter T. Batch.
Kath'l W. T. HaUh.
Stillman,
Post Bnilding, 16 & 18 Exchangre Place
INMAN,SWANN&Co
NEnr YORK.
UADE ON ACCBPTABLX
SBCnRITIBB.
Personal attention given at the BZCHANOBS to
the pnrehase and sale of STOCKS and BONDS foi
cash or on margin.
DBP08IT8 RECEIVED—subject to oheok at slgkt
ATTXNTION TO 0RDSK8 TOR CONTRACTS
FOB FtrnTRS Dkutirt o» Cotton.
—with Interest upon balances.
accounts of
OP SPINNERS,
Gwathmey
OFTERffD ON TERMS TO SUTT.
&
INVESTMENTS
COUNTRY BANKERS.
Special attention paid to
New York.
ALL QRADBS, SUITABLE TO WANTS
Henry Hentz
Sons,
BANKERS,
14 NASSAU STREET, NEW YORK.
B.A»OH OmoES { J5§ 6'h^"A"l'"Bt.T.^1iaV;.
COTTON MERCHANTS,
SPiraAI.
CX)TTON,
Benrv P. Hatch
Arthur M. BaUk
W. T. Hatch &
MERCHANTS,
LOA.NS
1886.
23,
Cotton.
®ortt0tl.
Woodward
[JanuabY
&
and
Bloss,
COMMISSION MERCHANTS,
Co.,
COMMISSION MERCHANTS,
Bontb William St., Neir York,
XKCUTB ORDERS FOR FUTURE DBLIVERY
G. E. Staenglen,
PEARL
No. 123
NEW TOBK.
ST.,
8
COTTON
•ttheNBWTORK, LIVERPOOL AND NEW
LEANS COTTON EXCHANGES.
COFFEE
NEW YORK COFFEE EXCHANGE,
NEW YORK, NEW ORLEANS,
OR-
AGENT FOR
Also orders for
GRAIN AND PROVISIONS
•t the
NEW YORK PRODUCE EXCHANGE
the
CHICAGO BOARD OF TRADE.
CORRESPONDKNTS
&
Messrs. Smith. Edwards
AutHorUed
and
visions In
COMPANY OF STUTTGART.
COTTOiS
and
at the
Jas.
New
Lbhhan, Durr *
MontKomery
LEHMAN
Co.,
COTTON FACTORS
AND
G.
&
Schroeder
Co.,
Successors to WARB A SCHROBDKR.
COTTON COMMISSION MERCHANTS,
Ala.
BRO'S,
Cotton
Factors
oonmissioN merchants,
Henrt
Bcllaro.
L.
H. Wheklkb.
&
church Strsot
NEW
Hew York.
A Co.
gass
Robert Tannahill
&
Cotton Excliange Bnlldlne, Neur York
Special attention given to the purchase
and sale
1
Future Contracts
New York and
Reid
Price,
Gotten Brokers
Liverpool.
&
Co.,
(bOH BALING COTTON).
CONTRACTS OF COTTON.
New
183
Correspondence
New
ATTBimOH QlVXIl TO THB EXECUTION
OF ORDERS FOE FUTUBB CONTRACTS.
BAGGING.
ORATZ
dc
LOUIS, Mo.
Uannfaotorera' Agents for the sale of Jute Bagging
IMPORTERS OF
Insurance Co.
OF RROOKLTN,
195 Broadway, New York CItj.
Company \»t Day of Jan., 1885.
CASH CAPITAL
11,000,000 00
Office,
Reserve for unearned premiums
Reserve for unpaid losses
Netsurpliu
i.9dO,9Sti
V7
887,tS7 89
(M0,9VI IS
STEPHEN CROTTELL,
C.
N. Y.
BnlldlMr) 1840.
statement of
Orleans, La.
$4,312,430
»
Prealdent.
WM. R. CROWELL. Vice-President.
PHILANDER SHAW, Secretary.
WM. CHARTERS, Assistant Secretary.
Hopkins. Lucins Hopkins smith
Charles d. Millkr.
Hopkins, Dwight
FRANCIS
& Co.,
P.
BURKE.
Seo'y Local Dent.
^TNA
COTTON
solicited.
COMMISSION MERCHANTS.
Insurance Company
Farrar & Jones,
COTTON EXCHANGE,
OF HARTFORD.
PBARI, STREET, NEW YORK
NEW YORK.
Liberal advances made on Cotton consignment!
Special attention given to orders f or contracu (.
"-«i"
r
future delivery of Cotlun.
KURE, FARRAR
A.
CO
NORFOLK, VA.
Henry M. Taber&Co.,
141
PEARL
ST.,
NEW YORK.
COTTOIV".
Orders for Futcre Contracts Executed
new tobk and
B. F.
tr^I''?n1f»??.™°?>'',',"""""".«°i" "' Cotton. Con.
Future Delivery of Cotton bought
wwm««. and
wiu
iUS^-'^f
•old on oommisBion.
WALTER &KROHN,
COTTON BROKERS,
«« BEAVER STREET, NEW YORK
F.
HojfFmann,
COTTON BROKER AND AGENT
RUB DE LA BOURSE, HAVRE.
in
liverpool.
COMMISSION MERCHANTS,
17 W^ater Street,
LIVERPOOL,
Receive consignments of Cotton and other Produce,
and execute orders at the Exchanges in Liverpool.
Represented in New York at the office of
SAM'L D. BABCOCK
88 Nassao Street, New York.
& Wakefield,
COTTON
4nd General Commission
Tuttle
Merchants,
Cotton Excbance,
Amets January
1, 1885
unpaid losses
and re-lnsnranoe fond
^,013,517 40
Liabilities for
BABCOCK&CO.
.
88
CRAVIER ST.,
SPECIAI,
ScBTATus
york.
IRON COTTON TIES.
186
York.
Liberal advances made on Cotton oonslfrnments.
Special attention given to the sale of cotton tc
arrive or in transit for both forelxn and domestic
"•"Jtt.ta.
ST.,
TonUne
WARREN, JONES
Hanemann& Co., Phenix
PEARL
& Cominiasion Merchants
NORFOLK. VA.
Batabllsbed (In
ST.
Advances made on Cotton Consignments and Special
Attention Riven to purchase and sale of FUTURE
123
PEAPL STREET,
Wo. IIS
BAGOING AND IRON TIES,
Co., Mohr,
Cotton Commlssiou Merchants,
In
YORK.
ALSO,
:
NEW
COTTON BROKERS,
EXCHANGE PLACE,
BuUard
Wheeler,
laUBEBS OF THE COTTON, COFFEE AlfD
PRODUCE EXOHANOES.
COTTON COMMISSION MERCHANTS
Orders executed at the Cotton Exchanges In New
York and Liverpool, and advances made on Cotton
and other produce conslKned tu us, or to our correspondents in Liverpool
Messrs. L. Rosenheim A
Sons and A Stern JSt Co.; in London, Messrs. B. New.
16 and 18 Exchanse Place,
Post Butldino.
NEIV YORK.
John
No. 40
2U4
COMMISSION MERCHANTS,
James F. Wenman & Co.
Cotton Exchange Bnilding,
AND
Cp-town urriCE, No.
& Gwynn,
Cotton Brokers,
Co.,
Orleans, La.
Liverpool i also for Oraln and Pro
York.
Pald-Up Capital, R. M. 6,000,000.
i
Lea McLean, New Orleans.
Co.,
New
Fielding
M. 20,000,000.
Capital, B.
Urerpoul.
LIHHAN, STCUN &
Orders, for future delivery of Cotton executed In
New York and
New York.
advances made on cotton oonsitrnmenU
Special attention giv^n to orders for contracts
for
2,019,026 85
4,000,000 00
Capital
NETBURPLD8
93,964,490
No. 3 Cortlandt
JTAS. A.
St.,
New
ALEXANDER,
fit
¥ork.
Asent.
Commercial Union
Assurance
Co.,
limited,
of london.
Liljeral
rature delivery of cotton.
OFFICE:
Dennis Perkins & Co.,
COTTON BROKERS,
Cor. Pine
US Pearl Street, New York.
Orders for Spot Cotton and Fntures
executed
promptlr
& William Sts
New
York.
@FedFRASER