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HUNT'S MERCHANTS' MAGAZINE,
BEPKESENTIXG THK INDUSTRIAL AXD COMMERCIAL INTERESTS OF THE UNITED STATES.
;Eiiterod aoconlinK to net or ConijToa^. tn the
VOL.
year 1835 by Wm. B.
,
NEW
40.
A Co.. in the olHoe of the Libmian of Congrew,
Daxa
YORK, JANUARY
f^ixmnci^l.
Baalneu Founded I79K.
laoononttd win Lavi of Statt of Hrr
York, ISSt,
Alfred H. Smith
Rcorcanlied 187V.
Kn<;ravkus Asn Printers or
KSOR.WINO AND PRINTING,
BANK NOTKS, SHARE CKKTIFICATE8,
BONDS FOR GOVERNMKNTS AND
CORTORATIONS, DRAFTS, CHECKS,
BII.I,.S OF EXCHANGE, STAMPS, &c..
&
the ttnent and nioNt artistic style
FROM STEEL I'l.ATES,
With iptdtl lafegsudl to fntent C0U17TESniTIlia.
nuofututd
exoliilTtly
<W
SM
<CBpai7.
LITNOBRAPNtC AND TYPE PRINTINC.
UAILWAY TICKETS OK IMPKOVKD STYLES.
Bkow Card*. LabeU, Calendars,
BLANK BOOKS Of XVITBT DZSCKJTTIOir.
ALBERT G. GOODALL, Presidenl.
VICE-PRESIDENTS
A. D. SHEPARD,
J. MACDONOUGH,
TOORO ROBERTSON.
W. M. SMILUE,
i. H. STAYNER Treu.
:
THEO. H. rREELAHD, tMUf.
Pomn. Prest.
W. Work, Cuhler.
J.
Maverick. National Bank,
BOSTON.
CAPITAL, 8CRPLVS, -
•
-
.
•
.
.
.
A«Knuit« of Banlu and Bankers
Collections
.
.....
S. \r.
Member
BANKBRS,
Cor. Tbird and Cheatnat Sts.,
A 7 Exchange
Court, N. Y.
Branch Office at the Everett Hoose, Ualon Square
and 17th Street.
81
Gilder
A S3 BROAD
&
Farr,
ST., NEIT YORK.
BARKERS AND BROKERS,
Interest paid on Balances.
Private wire to
&
stocks and Bonds bouf^bt and sold on CommlBslon.
Orders received In Mining Stocks, and in Unllstec
Securities. Collections made and Loans Negotiated
Dividends and Interest Collected.
Deposits received subject to Draft.
Interest Allowed, investment Securities a Specialty
We issue a Financial Keport Weekly.
Brancb
Office, 330 Broadvray.
Connected by Private Wire.
CALA1VEL.L.,
AND BBOKEB8,
BnniT C. TisKiB. Member
Misii.tia wasToN.
S
WAI.I.
STREET.
Transaot a general Banking Business, Indudlsg ths
Purchase and Sale of all Securttlei dealt In at the
New York Stock Exchange.
N. Y., No. 17 FIRST STBEET.
Stock Bxcb'ge membership; private wire; all facilities
S.
&
Ives
Co.,'
BANKERS,
No. 35
NASSAU
ST.,
BOX
NEW YORK.
1.4M.
Transact a general banking buslnees. Including the
purchase and sale of securities listed at the New
York Stock Exchange, or In the open market.
Receive deposits subject to cheque at sight and
allow Interest on dally balances.
Government,
State,
County, City and Railroad
or exchange, and
hand
H. Latham
J.
&
Co.,
UNITED BANK BUILDING,
No. 3 ^TAI,!.
STREET, NEIV YORK.
on Commission, City, Countr, State.
Ballroad and District of Columbia Bonds.
Correspondence Solicited.
Buy and
Sell
&
Co.,
pair ATE WIRES TO:
PHILADELPHIA, BALTinORE,
YORK, PA., CHICAGO.
WAidnoM H. Bbowh.
HiKBKBT
FaaD. a. Baowir.
p.
Brown.
Interest allowed on deposits snbjeet to sight draft
C. B.
CHAS.
TOWNSCND. Member N.
Wood,
31
Y. Stock
&
Huestis
PINE
Walston H. Brown & Bros
BANKERS,
Co.,
I^NgmO C. WASHBtTBN.
CAI.DWILL.
J.
Exchange
NO. SO
NEW YORK,
ST.,
BANKERS AND BROKERS,
SUCCKS80R8 TO
WOOD
Ac
DAVIS.
Bxeonte orders In all securities listed at the Nan
York Stock Exchange. Kor Sale,
rast-CL^na Railroad Fiust Mortoaqi Bonds
OKOROB C. WOOD, r. tl. HDBST18. L. M. 8WA^
&
Co.,
BANKERS AND BBOKERS,
NO. 84 BROAD STREET,
Now
STOCK BROKER.
TBOY,
Henry
BANKERS AND BROKERS,
No. 17 UrALI. ST., NEW YORK.
BANKERS AND BROKERS,
No.
N. T. Btoak Bxeh.
Lansdale Boardman,
"BW YORK, 80 BROADWAY A 5 NEW ST.
TKLEORAPHIC TRANSFERS OF MONBT
ON MEXICO, CUBA, dec, dec.
WASHBURN & John H. Davis
TOWNSEND
EXCHANGB COURT, Howard Lapsley
Now York.
t
Co.,
Tobk.
BILLS OF EXCRANOE, LETTERS OF CBBDIT,
for sale
bonds constantly on
BANKERS AND BROKERS,
particular attention given to the subject of Invest
No. 34 Pime Street, New York.
ments for Institutions and trust funds.
Transact a General Banking Business John Howard Latham. Frederick W. Pkrrt
Marirln. uoremment Bonds and other investment
SeearHles boiuht and sold on oommlsson. Special
•ttenUon to orders bj mall or telecraph.
No.
Investment Securttlee.
New York. Baltimore and other places
C. Walcott
J.
Becnrltles carried on
TINKER A WESTON,
BANKERS
34 Excltance Plaeo,
P. O.
Deposits received subject to cheek at stsht, aad
Interest allowed on dallv balances.
Stocks, Bonds, Ac, bousht and sold on commission In
PhlhkdelphU and other dtles
Particular attention given to Information regarding
W. B. D. VTBB.
N. T. Stock Bzohange.
BANKERS AND BROKBR8,
A
PHILADEIiPHIA.
solicited.
Vyse & Son,
66 Broadway
Co.,
$400,000
Members of the N. Y. Stock
C. WALCOTT,
i
400,000 Jos.
Fhakk F. Dickinson. ( and Mining Exchanges.
made upon favorable terms.
Vrsc
A.
&
H. Taylor
Goremment Bonds bonsht and sold.
TnoMAi
S3
Nkw
Members M. Y. and Philadelphia Stock Bxobaaces
of thi
SAFETY COLORS. SAFETY PAPERS.
Work Kx4'eutf(l In Fireproof Building^S,
Asa. p.
ASD
Co.,
182 Broadway, Cor. John Street
L.
Co.,
COMMISSION MERCHANTS,
Forelcn Qovernmenta.
3;«clal pi;eri
&
BANKERS
inPORTERS,
BONDS, POSTAGE A REVENUK STAMPS,
CECAL TENDER AND NATIONAL BANK
MOTES, of the UNITED STATES) and for
'
'ginnnciut
DIAMONDS.
BROADWAT, ITEW TOBK.
O
1,022.
Maitland, Phelps
Bank Note Company,
In
NO.
1885.
l^iuaujclal.
AMERICAN
142
'2A,
Washington, D.
B.
ASni.
L. 8.
York.
rBANEINBlIMBB, M. SSLIOHAN,
In embers
Asiel
N. Y. Stock Bxchanga.
&
Co.,
BANKERS AND BROKERS.
No.
n BXCUANOS
PLACS.
J.
NASSAU STRBBT,
NEW YORK.
&
A. Kohn
Co.,
BANKERS AND BROKERS.
19 Broad St., N. Y., inillsBulIdlnc,
Transact a General Banking Business.
Foreign Exchange, Bonds, Stocks and Mlsoellaneous Securities bought and sold on commlssloo.
JULIUS A. EOHN. DAVLD OCHS. MOKITZ OCHS,
Memb. N. Y. Stock ItK.
Memb.N.Y. Stock Exch.
Simon Borg
No. 8
&
UrALL STRBBT,
Co.,
NBW YORK.
mtALBBS IN ALL KIMB8 OF
Ballroad and Inrestnent 8«CBrltlfla»
BouTMaaa saooamas a Btboialtt.
;
THE (mKONlCLE
Drexel, Morgan & Co., August Belmont
BANKERS,
WALL STREET,
Nos. 19 & 31 Nassan
NEW
tXJBNER OF BKOAD,
Drexel &
moM Sontli
YOKK.
PARIS.
Beouritlea
kongnt and aold on oommissloD. •Interest allowed on
Daposlts. Foreign Bzctaanxe. Cbmmerolal Credits.
Circular Letters for Trarelert,
Cable Transfers.
•TaUable in all parts of tbe world.
ATTOBIflTS
neaars. J.
8.
AND AOKNTB OF
nORGAN &
Ifl. Rothschild &. Sons, I^ondon.
de Rothschild BroN,, Paris.
Rothschild
i& Sons, Frankfort o\in
A.de
M.
S. M. dc "olhschild, Esq., Vienna.
AND TUEIit COHRESPONDKNTS.
Draw Bills of Exchange on, and make Cable Trans-
Brown
J.
CO.,
&
Brothers
WALL STREET,
No. 59
Co.,
N. Y.,
and Germany.
fers to, England, France
BANKERS,
Neiv York.
(ggne Letters of Credit for Trarelers,
On SELIGMAN BROTHERS, London,
SELIGMAN FREHES A CIB.. Paris,
SELIGMAN 4 8TKTTHE1MEK, Frankfurt,
ALSBBRG GOLDBEKO, Amsterdam,
AXTMANiSTKTTUKIMBK, Berlin.
IKKLAND, FRANCE
ON ORKAT BRITAIN AND
GKRMANT, BKLGIUM^ 8WITZEKLAND, NOBWAT, DENMARK, SWEDEN AND HOLLAND.
iBsne Commercial & Travelers' Credits
uaUa and America.
Draw Bills of ExchanKe and make Telegraphic
Transfers of Money on Bnrope and Callfomla.
OF EXCHANGE
8TERLIN0.
Itf
AVAILABLE
And In
IN
ANY PART OF THE WORLD.
Francs, In Hartlnlqne and Qoadalonpe.
TRANSFERS
BAKE TELEGRAPHIC
OF MONEY
BETWEEN
all
Canada, and of Drafts drawn in tbe
United States on Foreign Countries.
J
J.
&
Stuart
SniTB, PAYNE
SKIITII'S,
A:
BANKERS, LONDON;
nANCHESTER & COUNTY RANK,
"LIMITED;"
MANCHESTER, PAYABLE IN LONDON
BDINBCRaH, AND BRANCHES
AI,80,
GABLE TRANSFERS AND LETTERS OF CREDIT
NKWYOBK;
LONDON:
PARIS:
Si^oS^SV.THOS E. DAVIS. W. G. H. HllTH.
William Heath & C .,
BANKERS AND BROKERS,
No. 80 Broadnrar, New York.
Members of New York Stock Exchange.
.rOBBiaN EXCHANOE. CABLE TRANSFERS.
&
Draw
GOVERNMENT, MUNICIPAL and
GEO. H. HOLT,
L'HUILIER.
G. D.
Geo. K.
American
Securities.
onnected by private wire with main
York.
DEALERS
No, 19
&
Scribe, Part*.
Orders solicited for London uid American markets
for iDveHtment or on mai^n. Railway, State and
City Loans negotiated.
&
John Munroe
Offer luTeatmeut Securities.
Buy and sell bonds, stocks and securities In all American, Canadian, British and Dutch markets on commission. Collect dividends, coupons and foreign and
Inland Drafts.
Exchange on
EVANS <& CO., ,liONDON.
nmnnw
Sell Bills of
MELVILLE,
HAMBRO &
C. J.
H.OYENS
lit
(
SON,
HOTTISfciUER
&
SON,
Ij
AniHTERDAM.
CO.,
PARIS.
&
Kidder, Peabody
FIRST-CEASS INVESTMENTS.
Buy and
8«11
on GommlBslon.for ca«h or on nurNew York Stook
seourttieB dealt In at th«
tiln. all
KzchanKe.
Interest allowed on daily balances.
AH deposits subject to cheoiK at slucht.
Particular attention to orders by mall or teleffrapb*
Fred. H. Smith,
BROAD ST., NEW YORK.
STOCKS, BONDS AND PETROLEUM
No. 30
Bought. Sold, and Carried on Margins.
Intimate knowledge of
years.
all railroads for past twenty
Parties desiring to buy or sell unquoted sodo well to communicate.
Smith, ) Members N. Y. Mining. Stock & Na.
Smith, S
tlonai Petroleum Exchange.
curltles will
F.
S.
H.
W.
JAMES Whitklt,
ii. Cruger OAKurr.
Harry C. Logan,
Mayjiard C. Eyre,
Henry H. Dodge, Washington, D. C.
Wm. R. Trayees, Special Partner.
&
Prince
Whitely,
NEW
No. 64 BROADWAY,
YORK*
^§9 ^^^^^ -^^e.. New York.
BRANrn OFFincs
URAHCH
urriCKS 53g
i5^(j gj^^ Washington. D. C.
i
j
Buy and
STERLING LOANS A SPECIALTY.
54 Wall St. aud 63 Greene St., N. Y*
Buy and sell on commission, for Investment or on
martfin, ail securities dealt in at the New York Sto<A
fi^zonange.
R.
No. 18
York.
FOREIGN BANKERS,
&
Kimball
WaU
Street,
New York.
Seventeen Years' Membership In the
Stock Exchange.
Robert J. KiuBALL.
nUNBOE
8T«RI,ING
ic
CO.,
PARIS
CUBQUBS AND BILLS AT SIXTY
•"'^•^i
DAYS SIGHT ON
ALEXANDERS
4c
CABLE TRANSFERS, BILLS OF EXCHANGE
CO.,
LONDON.
Alfred
Ruckgaber,
BANKERS,
a» WILLIAM STREET, NEW YORK.
CORUESl'ONDKVTS OP THE
International Bank or London
(Limited) London.
neaare. jonn Bcrcnberg, Gosaler & Co
HambnrK.
neaara.MarcnardjKrauaaA: Co., Parts.
Commercial and Travelers' Credits.
BUls of Kzehaiwe.
Cable Transfers.
All classes of
bought and
GOADBY &
B. E.
WALKER,
IN
City,
Town and Railway Bond!
___^
&
Chew,
STOCK BROKKR8,
'Z
Kxchanffe Court & 52 Broad fpay^N.Y
Stocks, Bonds and U. S. Government Beoorltte*
Bought and Sold on Commission.
JA8. D. Simons,
Beverly Chew.
Member N. Y. Stock Exchange.
Meml>er N. Y. Produce Exchange.
Oilman, Son
&
Co.,
BANKERS,
JOINT AGENTS
Canadian Bank of Commerce,
16 EXCHANGE PLACE.
Co.,
sold.
Simons
BANKERS,
H.
LotTNgBSBT.
INVESTMENT SECURITIES.
120 Broadway, Equitable BullcUng, New York.
Issued for the use of travelers In all parts of the
world. Bills drawn on the Union Bank of London.
Telegraphic transfers made to London and to Tarlous
places in the United States. Deposits received subject to checli ttt signt. and interest allowed on balr
ances. Government and other bonds and Investment
seourltles bought and sold on commission.
New York
STREET,
DEALERS
LETTERS OF CREDIT ANB
CIRCULAR NOTES
B.
&
Mahoney
No. IS WAIili
KOVNTZE BROTHERS,
J.
&
F.
OOKSESPONDEXTS:
CntcrtAB, Notes and Creditb fob Tkavklebs.
Schulz
J.
Commercial akd Travelbks' Credits.
BARING BROTHERS & CO., London
PEKIER FREHES & CO., Paris.
mENDELSSOHN & CO., Berlin.
Co.,
J.
BANKERS AND BROKERS,
Co.,
New
Sts.,
sell
Members of the New York Stock Exchange,
DKAiiEBS IN Foreign Exchange, Government
AND OTHER Investment Bonds.
BOSTON, MASS.
Cor. Wall and Nassan
Co.,
No, 82 Naaaaa Street, New York,
No. 4 Poat Office Square, Boston,
CHKQUU8 AND CABLE TRANSFBUfi ON
New
Chas, Unger & Co.,
BANKKRS AND BROKERS^
BANKERS.
Co.,
Ha«
office.
IN
Act as Agents for Banks, Bankers and Railroad
Companies.
Issue commercial credits, also foreign and domestic
travelers' letters of credit in pounds sterling 4 dollars.
WILLIAM STREET,
AND
William Heath
Sons,
Sistare's
Co.,
J.
lioudon. Ens*
of ExchanKe Knd tniDsact a aeneral
commlsstoD business. Particular attention
business.
allowed OD
Bonds.
Blllfl
flnanclul
tlYen to
.
Co.,
&
INTEREST
on commission all classes of Railroad
Securittes; also Grain and Provisions.
Private Telegraph wires to Philadelphia, Wilmington, Baltimore, Washington, Bridgeport, New HaTMl»
Boston and Pittsburg.
No. 63
RATIONAL BANK OF SCOTLAND,
Tliroii:iiiorton Ave.,
Tod.
Kennedy Tod
sell
TAINTOR.
York.
SCOTLAND.
Alexander Barino,
J.
Member N. Y. Stock Exch.
H. O. NORTHCOTI,
KnnniDT
GENERAL BANKING
a
received and
Private telegraph wires to Providence and Boston.
DRAW OH
THE UNION BANK OF LONDON:
BRITISH LINEN CO. BANK, LONDON AND
BELFAST, IRELAND;
AND ON THI
10
New
AeoonntB and Agency of Banks, Corporations,
firms and Individuals received upon favorable tenas.
Dividends and interest collected and remitted.
Act as agents for corporations in paying coupons
and dividends also as transfer agents.
Bonds, stocks and securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought
and sold.
!
ULSTER BANKING COMPANY,
William Heath
an; part of Europe, Asia, Africa, Ans-
£2 W^llllam Street,
Buy and
RAILROAD
;
Co.,
NASSAU STREET.
BILLS OF BXCHANGE ON
33
In
John Paton & Co.,
SUCCESSORS TO
JESUP, PATON &. CO.,
AND OTBBB OODNTSIBa.
THIS
COLI^ECTIONS OF DRAFTS drawn
HAKE
points In the United Stutes and
abroad on
&
Parable
DEPOSITS
16 & 18 Broad Street, New York.
121 South Tblrd Street, Philadelphia.
BROAD STREET,
Bmr AND SELL
BIL.L,S
TRANSACT
balances.
G. B.
& W. Seligman & Co.,
No. as
OLD BROAD STREET, LONDON.
Vo. 22
Street.
Taintor & Holt,
bankers,
TTtm
no. 10 itall street, new york.
IHessra. N.
•
B0ME8TI0 AND FOREIGN BANKERS.
Deposit* recelTed rabJect^tQ Draft.
Co.,
available In all
parts of the World, through
Tblnl Street, 31 BonleTsrd Hummann,
rHILADELPHIA
&
ISSUE TKAVELEBS' CKBD1T8,
Drexel, Haijes ft Co
Co.,
^milxfivs auxl %vxfTsitKS.
|lforet0u gxchauflc.
govexQU ^-EcUaufit.
XU
[Vol.
No. 63
CEDAR STREET.
Banking Business, bny
In addition to a General
and
Sell
OoTemment Bonds and Inrestment
Secorl-
BUY AND BELL STERLING EXCHANGE, CABLE
THANSFEIIS, ETC.
ISSDK COMMBIICIAL CREDITS, A VAILABLE
IN
ALL PARTS OK THE WORLD.
R. T. Wilson
&
Co.,
BANKERS AND COJIMI88ION MERCHANTS
9 Exehamare Court,
New
Vork.
Hatch
BANKERS,
&
Foote,
No. 12 ITaU Street, N. ¥.
We make U. S. Bonds and
Investment Securities a
and BONDS
specialty, execute orders in STOCKS
for cash or carry the same on margin.
a general
BANKING
business and
EST on DEPOSITS. Branch
priTate wire, Norwich, Conn.,
We transact
ALLOW INTER-
Offices,
connected by
and Boston, Mass.
:
Januakt
auA
&
Co.,
BANKERS AND BROKERS,
BROAD WAV AND WALL 8TRBKT, NEW VOBK
&
a
Mlscellansons Secnritles.
fixa'ktxs*
CoLLj.TiniHBB, jAi.TuaHn.
Memb. N.r. Stock Ezch.
C.
ONITED BANK BUILDING,
Ballroad
KoA
Sattlutrs
gvtftijevs.
R. A. Lancaster
DIALXiU
If
.LmiuT.
Co.,
BANKERS AND BROKERS,
16
New
18 Broad Street,
4c
BTOCKS, BONDS, GRAIN
bought and sold
W. M.
York.
AND PROTI8IONB
New York and
In
Otalcago marketa.
Earl,
MEMBER NEW YORK STOCK EXCHANGE,
BANKER AND BROKER,
Stewart Brown's Sons,
STOCK BROKERS,
88 PINE STREET, NEW TORK.
M
Bishop,
PINK STRKKT, NEW' YORK.
(Members New York
AooonnU
KxchKnge.)
.Stock
of Banks, Bankers Hnd others recelTed.
Intwwt allowed on Balauoes. A strictly CommlMlon
Bnilnwa In the parcha«e and sale of stocks and bonds.
PrlTate Teleoraph Wire to Albany, Troy, gyraoasa,
Booheiter, Utlca, BaOklo, Cleveland and Chicago
Draw on Cltr Bank or London in amounts to snlu
nWen to 8e<mrlties for InTestment.
Special attention
SS Broad
and 67 Exclianee Place
St.
BTOCKS, BONDS, GRAIN
PROVIglONI
and
New York and
tK>lubt and sold In
H.
30
BROAD STREET, NE1¥ YORK.
W. H. Goadby &
&
BANKERS
74
A'ND
STREET,
WAI.I.
8
SECURITIES
Buy and sell on commission all classes of Stock
and Bonds, for ca^h or on margin.
Agents for Banks, Bankers and Railroad Com-
85
WALL
DocraLAgs orcik,
Memb.N.Y. Cotton Bxch
STREET,
Stocks, Cotton
39
NEW
YORK.
and ForetKn Exehance
ft
CO..
H. Dewing & Son,
BASiKERS AND BROKERS,
New York.
Stocks and Bonds Bought and Sold on Commission
Accounts received and Interest allowed on bal.
Unoes, which mar be checked for at siKht.
Iowa Loan & Trust Co.
per cent Debentures
sold.
LONDON, ENGLAND.
- . • . iE4,000,000
.....
Subscribed Ciipllal,
4,000,000
......
•
Pald-Up Capital,
1,000,000
Reserve Fund, £300,000.
HEAD OFFICE, THREADNEEDLE ST.
Tottenham Court Rood
Street,
cG
Co.
BANKERS,
18 WAI.I.
A. O.
STREET,
Transact a (Jeneral Banking Business, Including
the purchase and sale of STOCKS and BONDS for
cash or on marKln.
InTestnient Seenrltles.
P. O.
MoBSS.
A. BooDY.
P. O.
So*
Box
447.
c. w.
McLkllaw, Jr.
Rkitbkn Leland.
(LIMITED).
SAN FRANCISCO Office, 422 California St.
NE1V YORK Agents, J. & W. Seligman & Co.
BOSTON Correspond'ta, Massacliueetts N. Bk
.
.
$6,000,000
1,500,000
400,000
Transact a general banking business. Issue Commercial credits and BlUsof Exchange, available in all
Sarts of the world. Col lections and orders for Bonds,
tocks, etc., executed upon the most favorable terms.
FKED'K V. LOW,
)„
lONATZ STKINHART, ( *•*"«*•
P.N. LILIBNTHAL. Csshler.
Bank of
Australasia,
(INCORPORATED
Guarantee and Reserve Funds, jfiSS.OOO.
Letters of Credit and Drafts issued on the 110
branches of the Bank In the Colonies of Oneensland,
New South Wales, Victoria. South Australia, Tasma-
New
Zealand. Bills negotiated or sent for
Collection. Telegraphic Transfers made. Deposits
received in London at interest for fixed periods on
terms which may be ascertained at the office.
PRIDBAUZ SBLBY,
BANKERS,
I.
Wall
,
Corner Broadway.
BTOCKS, BOyDS <t COMMERCIAL PAPER.
Street,
Stocks and Bonds bouKht and sold on commission
New York Stock Exohanue. Advances made on
bmlaess paper and other seouritlef.
»t
Railways and other (Corporations, either in the master of
payments of Interest on Locms, Dividends on
or Registration of, Stocks in London, or othenrlM.
Cable Addreae—PATT, LoviKnc.
THE
COIdPANY
No. 4
BANK
(LUOTED),
BVII.DINGS,
LONDON, ENGLAND
Samt
Directors as (Ae Raiheay Share Truit
Company
CAPITAL PAID
Narr
&
(Limited).
17P,
wltb Surplus,
Blake Brothers & Co.,
LONDON, ENGL.AN3>,
acoonntsand aeencles of Banks, Rallwar*.
Corporations, Arms and IndlTldoals, upon favor
able terms; also orders for the pnrobase and
sale of Bonds, Shares, Ac, &o^ on Conualsaion
on the Stock Exchange.
(feffotiate Railway, State and City Loans and
laane Commercial Credlta available In all parti of
the world.
De Twentsche
Bankvereeniging,
B. W. BLIJDENSTEIN & CO.,
AnSTERDLAm, - HOLLANB.
ESTABUSHED
1S61.
Snbscrlbed Capital, 8,000,000 - OnUders (13,900,000.-)
••
(fS,I48,440.-)
Paid-up Capital, 7371,100 "
849,868 87
(«838,MB.fiS)
Reserve Fund.
1835.)
4 Tbreadneedle St., London, England
PAID-UP CAPITAL, fI.eOO.CCO.
nia and
DNITED BANK B V I D I N G
and
elollclt
Bank
liONDON, Head Office, 3 Angel Court.
Antborlzed Capital, - Pald-np Cai>ltal, . • •
ReaerTe Fund, - - - -
58 Broadway, cor. Exchanse Place, N. Y.
Branch Ofllce, I'JS L,a Sttlle (<1., Chicago,
TRANSACT A GE.NEKAL BANKING BU81NE1S
INCLUDING THE I'UKCHASK AND MAI.K oV
STOCKS AND BONDS FOR CASH OR ON MARGIN. BUY AND SELL INVESTMENT SECURITIES. INTKKEST ALLOWED ON DEPOSITS
'''^"O'^s
SUBJECT TO CHECK AT SIGHT.
D
KENNEDY. Manager,
TH B
Anglo- Californian
yew York,
BANKERS^
Hallways, negotiate*
on the London Market, acts as Agent for
^61,956,410 SterUng.
Agency of Foreign and Colonial Banks.
J.
Issues Loans
Paddington,
Aldgate,
Old Street,
Hill,
London.
H.
Director.
Antborlzed Capital,
The Bank,whlle conducting the general business
Of London Bankers, gives special attention to the
Hill.
Mamwlng
Esq.,
This Company undertakes the busineaa of Tmitee
(LIMITED,)
Holbom,
C.
B„ U. P
La WRSNCi Yocho. Bart.
FKANCnB PA7T,
gawlijeicB.
Kntgntsbridge,
W.
^O
O. C. M. O., K. C.
Bis CHASutg
HEARD,
BRANCHES
A. M. KIDDXB.
"'
Hxnbt Dbumhond Wolfv,
WASHINaTON. D. a
The City Bank,
Bond
BOX 2,647.
WAYLAND Trask.
Wayland
TRASK.
—^^
-
C. B.
Railway Debenture Trust
Ludgate
Sell
M.
NASSAV STREET.
'^axziQU
HLRAM DIWISO. CI~iHS DBWINO. F. T. BONTICOU.
(Member of New York Stock Exohange.)
Bar and
Bib
Loans on Railway and other negotiable securities.
Purchase and sale of same. Loans on Bond and
Mortgage. General financial business.
panTes.
No.
Esq..
OnrsRAL Hkxbt noFEIItSON,
Malcolm A. Laino, Esq,
JOHH noaATio Llotd, Esq.
John Pkndib, Esq., M. P.
to Loons of approTed
Neir Tork.
A. B. Batcmak,
Memb.N.T. Stock Exch.
AVOIJSTIIVE
Members N.Y. Stock EzchanKe.
t'lRST-CLASS
INVESTMENT
bought and
LAINO,
BANKERS AND BBOKEBS,
No.
BATEMAN
BROKERS,
No. 18 Wall Street,
pmiite^
DinncTons:
8.
Private Wire to Washington.
Co.,
BROADWAT.
DEALERS IN
Co.,
W. W. DUDLEY.
FRANK CHOLLINS
B. Hollins
Bass,
OREEIV & BATEMAIV,
IHreot and excluslye private wire.
F.A.YZNXGA.
&
Stocks. Bonds and Mlsoellaneooi Seourltlaa.
Correapondenoe Sol let ted.
Quotations cheerfally famished.
Chlca^p.
Wcaso Correspondents, WM. T. BAKER & CO.
H.B.HOLUNS.
York Mining Stock Exchange.
BANKERS,
Jameson, Smith&Cotting
STOCK BROKERS
AND COMMISSION MERCHANTS,
New
^BX^^^e Stock..
B»
Rolston
BANKEUa AND BROKERS,
No. 36
STOCKS,
capital Paid l/p,
New
also
'9
Railway Share Trust
>CK8
a^IMITBD),
No. 4 BANK Bt;i»^S,
LONDON, ENGTOCKi,
DRBXEL BUILDING,
York.
BTOCKS AND BONDS BOUOBT AND BOLD
STRICTLY ON COMMISSION.
TO
Member* New York and Chicago Stock Bzohangea
&
THE
SpeeUI.
&
Turner
J.
Southern Securities a Specialty.
Hamilton
:
THE CHRONICLE.
24, 1885.J
Sfttttievs
:
Secretary.
Co.,
AlVERICAN BANKERS,
STUTTGART, GERMANY.
Head
Amsterdam.
BRANCBES
Lenden— EZCHANOB A INVESTMENT BANK.
Office,
B.
W. Bliji>«N8t«in a
A
<3o.
K.C
Rotterdam-DB WlS8EL-en BFFBCTBNBANK.
Nos. S5
se Tbreadneedle Street,
Enachede-B. W. BLIJDENSTEIN, JB.
Almeioo-LEDEBOER &
CO.
Transact a general Banking and Ckmmisslon Boatness in Bills, Stocks. Shares, Coupons, Ac.
NIW YORK COBBS8P0NDXNTS
l[e88r8.KNAUTU,NACH0D &
KUHN^
—
THE CHRONICLK
[Vol. XL.
©atiaxliaii %^xiktxs.
&
Kong
£)9ng
NANKING ASSOCIATION.
'apltal
IT.OOO.OOO
KqiiBlliafion of ntTldends ....
400.000
-Silltyof I'roprlctors
7,000.000
Isme
Leu«ra of
^^^^^^ Draft*.
>«. mA 80UIB
a»..«v ml,, J^ravelerB, and netiotiHte or collect
1 ""^mbay, Calcutta. Slnijapore, SalKOn,
_,.,, . ni>¥ »"»'• l-oocliow. Amoy, NIngpo,
.r
0.M
^* *'*""•*
V'akobania,H10KO, San Francisco
B0XK8TI0
At.jf
Dmoalt* r»oelTed
koognt uid (Old oo
(
TOKOXTO, CANADA.
Prompt attention given
_
•
/^_
o_
&
JOS. M.
GERMANY.
—
CO.,
A;
New Yfirk Stock Exchiinjfe.
Philadelphia Stock Eichanee.
J
j
BOSTON.
W.
&
Clark
No. 35 Soutb TUird
ALSO.
and United States Bonds.
CHARLES H. SEKLDON, jB.
JOSHFA WlLBOim,
BKNjAMtK A. Jackson. Willlim Blnnky. Jb.
Co.,
Philadelphia.
St.,
DEALERS IN CAB TRUSTS AND OTHER
INVESTMENT SECURITIES.
Bank of Montreal.
BOSTON STOCK EXCHANGES.
Dealers In Mnulclpal, State, Railroad
BANKERS,
©auaillau ^auTicrs.
MEMBERS OF THE NEW YORK AKD
PHIKiADELPHIA.
E.
Wilbour, Jackson
.
-
«1S,000,000, Gold.
$6,000,000, Gold.
.
...
SURPLUS,
8MXTHEBS, President.
W. J. BUCHAlf AN, General Manager
C. F.
&
Narr
IVEVBOSSET STREET,
S3
Gerlach,
BANKERS AND BROKERS,
CHESTNUT STREET.
No. 322
PHILADEI^PHIA.
KEW YORK
;Nas. S9
OFFIVB,
61 lirAI.1. STHEET.
WALTIB WATSON, J a _-„,.
&.
Bt«rllnK Exchange. Francs and Cable
Transfers; grant Commercial and Travelers' Credits,
araUable In anj part of the world; issue drafts on
and make collections In. Chicago and tbroogbout the
Orders executed by private wire In New York, Bos
ton and Baltimore.
Drafts issued on ail principal points in the United
BtateB and Burope.
Dominion of Canada.
liOndon
No. 22 Abctanrcb Lane
Office,
Merchants Bank
OF CANADA.
Capital,
Keserye,
-
-
$5,700,000 Paid Up.
$1,250,000
ROBERT ANDERSON,
BANKERS:
IiONDON.ENO.— The Clydesdale Bank (Limited.)
MEW TORK-The Bank of New York. N.B.A.
The New York Agency buys and sells Sterling Bi-
ohange. Cable Transfers. Issues Credits aTailableIn
all parts of the world, makes collections in Canada
and elsewhere, and Issaes Drafts payable at any of
the offices of the:bank in Canada. Every description
of foreign banking boslness undertaken.
Hew York AKency, No.
61 ITall Street.
HENRY HAGUE,
)
, „.
JOHN B. HAUKIS. JB.. f ^genU.
Exchange.
Private Telegraoh Wire to
CFormerly CHAS. A.
Wilson, Colston
&
Co.,
and
s
specialty.
Correspondence solicited
and information
fui-
nisned.
N. T. Correspondents— MoKim Brothers
J.
Wm. Middkndobf.
Wm.
B.
No.
Chicago.
CIRCU1>AR NOTES Issued In Pounds Sterling
all parts of the world.
CIAL CRKIlfTS IS^IEI) lor UBCCOMMERinKurope.
available In
China, Japan and the Kaat and West Indies. Also.
^^^'^
BIlAZ.ILlAlJ
•S •'£'£« V'
LiiUTSD. available in the Bnuils, River
^
acted.
LONDON &
BOSTON.
(KBYSER BUILDIN(M>f
& £5 GERMAN STREET,
'WitsXzxxx ^aiilijcys,
N.
N08. 23
BALTIMORE, MD.
Members Baltimore Stock Exchange.
MCTAVlSH, AgenU.
J
H. BTIKBMAN,
>
CAPITAL (paid up),
SURPLUS,
8.
UOWLAND,
BEAD
Preet.
-
-
D. R.
W. Harris &
Co.,
INVESTMENT BANKERS,
DEARBORN BTBGET,
CHICAGO, ILL.
•91,500,000
$6T8,000
WILKIB,
OF
Cashier
OFFICE, TORONTO.
BRANCHES:
We
special
(five
Port Colbome. St. Thomas, IngersoU
Welland, tergus. Woodstoek,Winnipeg. Miui,.
Brandon, Man.
Dealers In Amerloan Currency * Sterling Exchange.
Agents in New York:
B^.'^.SJii? V"*"5 i,
I -
^^
BoaLjNQtrm.jALTAOo.. Bank of mootbeal,
78 Lombard Street.
BU WaU Street.
I
Promptest attention paid to collections payable in
any part of Canada.
Approved Canadian business paper discounted at
"»»on"hle terms, and proceed)
-v^-^™
JcS.iHIS^k'^JP'^.'"'
ranutted
by draft on New York.
attention to
collections
on
D/~4"M"nG! State, County, City, Town, 86hoo
DV-l-N iJ\J, and Car Trust Bought and Sold.
The funding of entire Issues reoeives special atten*
Mon. Write us
Texas.
accessible points.
all
DiBKCTORS.-BenlamIn A. Botts. Pres't; F. A.Rlce,
Baldwin, w. B. BotU. Rob't Brewster. 8. K.
B. K. Weems.
WBBM 8. Cashier.
BENJ. A. BOTTS.PresM
Thos. P. Miller
&
Co.,
BANKERS,
Corro»|)oudonts.-Bank of the State of New York.
Louisiana National Bank. New Orleans
;
i
(Limited). Liverpool.
MERCHANTS' NATIONAL BANK,
RICHMOND, VIRGINIA,
terms
;
John
F.
made on
all
prompt returns.
JOHN
Southern points on best
P.
BRANCH,
President.
Ousns, Cash. Freu. B. Scott, Vice-Pres't
THOMAS BRANCH
BANKKU-S
&
Mortgage
Transact a general Financial and Agency Business Ifl
the State of Texas and Europe.
>Iew York CorrespondenU:
C. B. WELLESLBY,
General Manager,
Co.,
Dallas. TexAK
Wall Street.
Special attention paid to collections, with promnt
remittances at current rates of exchange on day of
payment. Buy and sfeU State of Alabama and City
of Mobile Bonds.
Bank of Liverpo ol
THE
BLAKE Bkob. &
mOBILE, ALABASIA.
New York
you wish to buy or sell.
OOMPANT LIMITED,
(OF LONDON, ENGLAND),
McUhenny,
B. F.
If
Texas Land
C. C.
Collections
Bt. CatharliiM,
HOUSTON,
CAPITAL, $500,000,
.
Imperial Bank of Canada.
H.
THE CITY BANK
and other banking business'"-"-"^
transD. A.
Ely,
BANKERS,
EXCHANGE PLACE,
Olitbr.
BANKERS AND BROKERS,
397.
7
k Co.
Middendorf, Oliver & Co.
Box
&
Stackpole
SOUTHERN SECURITIES
No. 4,
MEMBER OK BOSTON STOCK EXCBANGB.
BALTimORE.
Houston,
STREET.
Sterling Exchange and Cable Transfers, issue demand drafts ou Scotland and Ireland;
also on Canada, British Columbia, San Francisco and
sell
BANK
STATE STREET,
No. 176
or
Plate. 4c.
Bills collected
Co.).
BOSTON, MASS.
S^onXheKM ^au^jetrs.
North America,
No. 62 WAIiI,
SWEKT &
Boston.
Co.,
No. 4 Exchange Place, Booh
BANKERS AND BROKERS.
Bank
Buy and
&
BANKERS AND BROKERS,
AGENCY OP THE
British
New York and
Dupee
Perkins,
No. 40
TRANSACT A GENERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.
INVESTMENT
OBOROB UAOtJE, General Manager.
J. H. PLUMMKK. AsHlgtant General Manager.
I.
Robert Garrett & Sons,
Dealers in Municipal. State and Bailroad Bonds.
BANKERS,
Samuel G. Studley,
No. T SOUTH TREET,
COMMISSION STOCK BROKER,
BALTIMORE,
Esq
BEAD OFFICE, mONTREAI..
R.
BOSTON, MASS.
ANDREW ALLAN. Esq.
President.
Vice-President.
PROYIOENCE,
Dealers in Commercial Paper, Government and
other first-class Bonds and Securities and Foreign
§altim0t;je gan^jers.
nor and sen
& Co.,
BANKERS AND BROKERS
Stocks and Bonds Bought and Sold on Commission
CAPITA!.,
Estabrook,
CONGRESS STREET,
36
No.
SOUTB TBIRD STREET,
No. 134
LOKDOIV.
„_„„
.EHBiBS
&
BANKEKS,
BANKERS AND STOCK BROKERS.
TURBADNEEDLE STREET,
w
'
glexw gnjalaud %\xn\\txs.
Y'ork
Robsbt m. jannit.
Shoemaksb.
of the United States
all Dart.»
finan-
M. shoemaker & Co.
Jos.
TURNER
;
RrO''-*'
"^
"
New
Cashlei
%mxktxs. Brewster, Cobb
^twiisglwauia
Co.,
'^BANKERS,
raeur«itT-ON-MAIN,
22 QT
made on
Collections
and all
Correspondents— Bank of New York,
and Alliance Bank. London.
ATTC
o.
to collections
cial matters.
Walkke.
A. K.
First National Bank,
VriLmiNGTON, N. C.
Agent, 47 William St.
&^raJS?rnlf"^eiger
•"^'"•"'"
—
B. BtTBRCss. Pres't.
Buchan,
STOCK AND EXCHANGE RROKERS
AND GENERAL AGENTS,
4,4l«0OO
finVund
"^'
II
i.^^
Vrexei
&
Gzowski
Shanghai
S^outJxuxw gawfeevB.
&, CO.,
AND COMMISSION MERCHANTS.
RICIIITIOND, VIRGINIA.
Virginia Bonds funded under the Funding Act
pa-wcd by the last Lek'islature. for ^ per cent commission.
New North Carolina C per cent bonds.
secured by lien on the State's stock in the North
Carolina Bailroad, for sale.
ESTABLISHED
P.
F.
187L
Keleher
&
Co.,
OLIVE STREET, ST. LOUIS,
Dealers In tTestern Secnrltles.
805
Defaulted Bonds of Missouri, Kansas and Illinola S
Good Investment Securities, paying from
10 per cent, for sale.!
specialty.
tW to
Wm. W. "rHORNTON, Ca»h
TH08. M. Thorxto":
THORNTON & SON,
BANKERS AND BROKERS,'
y¥. F.
(Established
185SI.)
8HELBYVIU.E, ILLINOIS.
Collections made iii Shelby and adjoining Counttei
and l*rocecda remitted on Day of Payment.
Beckrexces.— National Bank of Commerce, New
York: Union National Bank. Cincinnati; Third N»tlonal Bank. St. Loniii
Traders' Bank, Chicago
First National Bank, Indianapolis.
;
.
Jajtdaht H,
THE (IHRONICLE.
1885.
Ig&itsUvu ^unUtvs.
Shptci^l SnifjeBtmjenta.
WIM.
Minneapolis, Minn.
City National Bank,
The
No.
Collections.
XtMl
Ml iK.l.vlioMrr." unci
.iriiin, iiro therefore
ii'ri uiul other cluiiui)
ml'
II4(nill!M
..jiuent.
!»:"-"
Investments,
The National City Bank,
OF (JliAND KAPIDS, MICH.
Successor to the
CITY .NATIONAL BANK.
$500,000
Capital,
made ou moat favorable
CoUe<!tloiis
New
TnoH.
Kredkkio
i;n.iiEKr. I"rest. J.
1)
New
on
'pf::;';:;;
rope rt
^CPUgs;
loi.
OAS
CO.'S STOCKS,
TELEGRAPH STOCKS,
Bank
StockM, Innurance Stocks.
^iiiawciaX Compautgg.
CA I'lTAI., IW.OtO.
Offers carefully seloctoM lowii aiid Kastern Kftnuna
MortKtgeeH. Intort'st W to 8 per cent. Hecurity
three i'.i> times »inouiit of Loud. Also for aale 6 per
cent Pehonture HoihI-. "ortirod hy thr*»e (H) times
•• •
-^
,.
All
thetr face vulut* iti (Ji;
.i"H or
security inTsoiutlly
Kunu
JJonds of Sviretysliip.
NO OTHER BUSINESS.
,
references
GAGK
STOCKJand BONDS
F.
« DndrXHlgned Hold
SAJxES of
INVKST.ML
Jfc
Prompt and
all classes of
7
PINE STREET.
7
NEW
YOEK._
ticulars as to loans, references, etc. Interest from
date of receipt of monev.
Chas. C. Nohton, Cash'r.
E. Darhow, Pres't.
Refer to
GII.MAN, Sox 4 Co.. Bankers, N. Y. City,
Lew
&
Geo. H. Prentiss
First National Bank, Corning, Iowa,
Choice first mortKaKCs In the best Farming Districts
in Iowa, Missouri. Kansas and Nebraska. Interest
paid at your own bonu' in N. Y. Ex<!hanKe. Twelve
years' experience in loaning for Private Investors
and Trust h'unds. Send for circiUaTKiving full par-
J<pcclal Jxiwcstmcuts.
Co.,
Merchants' Natio.sal Bask. Chicago, minols
WALI.
No. 49
KKVr VOKK,
ST.,
Atn>
nuNTAtiVE
SOS
ST.,
BROOKLYN.
GAS STOCKS
iND
OAS SECURITIES,
Railroad
Street
Stocks and
Bonds
AKD AUj K1XD8 OV
BROOKLYN SECURITIES
DEALT
IN.
H. Pkkntiss,
Uember N.
w. W. WALSH
T. Stock Ezohanss.
Stock Privileges
NEGOTIATED.
INVESTMENT SECURITIES
liUUGHT AND SOLD.
AVANTED:
Home Watcrtown * iiKUcnsburg Istsand
O»we«o * K..rne llonds.
&
Joliet
limad
of $100 and Uutrards ou In
diana aud Ohio Lands.
.NOTHING SAFER. Al.WAYS PROMPTLY PAID
SKNI> FOH PAMPHLET.
JOS. A. MOORE.
S4 Eaat Market St„ ludiauapolis, Ind
THE ^VESTERN
Farm Mortgage
LA1VRENCE, KANSAS,
8ds.
& InUmnu Bonds and Stock.
ALBERT E. HACHFIELD,
No, 6 AVall Street.
FIRST MOHTGAtiE LOANS UPON IMPROVED
Interest and prinoipal paid on day of
ma-
turity in New York. Funds promptly piaceii. Large
e.xperience. .Vo losses. Send t'>r circular, references
and sample forms. F. M. PERKINS. President: J. T.
Vioe-Prest.: L. H. PERKINS. Seoietary;
CHAS. VV. GILLBTT. Treas.; N. F. HART, Auditor.
WARNE.
"
THE
Kansas Loan & Trust Co.
TOPEKA, KAN.
&
Duncan Building,
Flagg,
& PineSts.
Cpr. Nassau
No. 11
SWBEr. Pres.
GEO. M. NOBLE, Seo
the oldest and largest Institution in Kansas,
giving exclusive attention to the Negotiating of
CHOICE FIRST MORTtJAGE LOANS 5t high fates
Of Interest. It has negotiated over 1^7.000,000
of these loans for Savings Banks, lns"urance Companies. Estates and private parties Eaat. Send for
FOR KALE— STOCKS BY
J,P. Wintrinirliaui, 36 Pine St.,
Telephone Call 232 JOH.V."
Sbs.
iShs.
BANKS!,
BANK!4,
Am. Kxchange.
I
Broadway.
100 Butchers'
Central.
!
4 Drovers'.
N
B o iV r>
E.
S.
T
, Peoples'
Phenix.
6 Produce Exch.
"' '"
Tradesmen's.
United Slates.
tV)mmerce.
11
:
St. Nicholas.
State of New York.
Citizens'.
20 Long Island.
OA.x C(»,
lOOCmsnli.lated.
Continental.
Fourth.
Fulton.
Hanover.
5<-»
ImiKjrters' &Traders'|10 0(;o
fiO Irving.
"loo
50 l.inc<dn.
5,000
5 Madison Square.
6,000
s.
Bailey,
PINE STREET.
DBALINQS IX
INSURANCE STOCKS
Manhattan.
50 Mercantile.
Merchants'.
8 Merchants' Excb'ge.
Metropolitan.
Nliitli.
Paclac.
Park.
K((uil4kble.
Kquit. Ist 6s
Ilarlem.
n'ds6sl901.
Munie. B'ds 7« 1S88.
30 Mutual
50 New York.
Brooki.y.x.
*J Brooklyn.
60 Citizens'.
.'in Fnlton
.Municipal.
HOO I'HOl.lCS'.
.Metii.p.
3,000 Williams burg
Bonds
A SPECIALTV.
C'Mh paid at once for the above seonrltlM or Ihej
brt Rold on oommlaslon at etler's
ootlon.
!
I
T?Olt >
\
-Timber and .Mineral Ijinds. Farms
"Inter Homes, in all .Southern States
I.E.
"
'
'
'
','
A|
;'•
«
OK
>
-Mil'
Nos. 214
Jt
210
CO.,
BROADWAY, NEW YORK-
OfQctais of Banks. Railroads and Express CompaManagers, Secretaries, and Clerks of Public Com^
panles. Institutions and Commercial firms. <»n obtain
Qies.
RONDS OF SURETYSHIP
from this Company at moderate charges.
The bonds of this Company are accepted by cotirta
of the State of New York.
Policies Issued against a<K;idents causing death or
totally disabling injuries.
Full information as to details, rates, .ic, can be
obtained at head office, or of Company's Agents.
Wm. m. Kicuahds, Prest. John M. Crane, Sec'y.
KOB'T J. Hillas, Ass't Secretary.
DIRECTORS
Geo. T. Hope,
Q. O. Williams.
J.S.T.Stranshan,
A. B. Hvill.
Geo. S.
:
David Dows,
W. G. Low,
A. 8. Barnes,
Charles Dennis,
H. A. Hurlbut, Alex. Mitchell.
J. D. Vermilye, S. B. Chittenden.-
Wm. M. Richards.
Coe,
346
~
BROADW^AY,
348
Sc
NEW YORK.
Comer of Leonard Street
Safes to rent from $10 to
$200 per year,
AND CAN BE RENTED FOR A
DAY KTEEK OR MONTH.
SbsbmanS. Jewett, Pres. Joslah Jbwett, 7.Pres
William C. Cobnwbll, Cashier.
Bank of Buffalo,
...... $300,000
-
BUFFALO,
Is
PINE STREET,
BROKERS AND DEALERS
'
FIDELITY & CASUALTY
T. B.
Clia.<e.
ENTRANCE
"
t
CAPITAL,
••
'
D. J. TOMPKINS, Secretary.
New iroRK DIRECTORS—Joseph W. Drexel, A.
Hopkins, H. Victor Newcomb, John Paton, Danie'
Torrance. Edw. F. Wlnslow, Krastus Wiman.
N, Y,
making oolleo.'
tions on
Cnitea States,
Canada and Europe.
Liberal terms extended to
accounts of bankers and merchants.
CoHRESPOXDKNTS.— .New York, National Shoe A
Leather Bank: L'nion Hank of Ltmdon.
This bank has superior
facilities for
all accessible points in the
Itaiiid.^
Reed
*i
Edward Rawlinos.
NEW YORK OFFICE:
NO. 178 BROADWAY.
B(ana«lng Director:
Co., Safe Depositee Storage
Co
ctrcnlar.
.Northern Indiitiia Bonds,
Vice-President:
Bo.v. jas. Fekhieb.
Sir albx. T. Oalt.
MANHATTAN
Offers to Investors the best securities in the market.
FA R.MS.
8KB OA8 QUOTATIONS IN THIS PAPBB.
ftio.
Sums
in
1800,000
400,000
814,000
CASUALTY DEPARTMENT.
Farm Mortgages
.
Cash Capital
CashAssets
Deposit with Insurance Department
.
Safe Investments.
PER CENT BON DS aud MORTGAGES
Co.
OF NORTH AMERICA,
President:
m
NEGOTlATBa> BY THE
SON,
Ac
The Ouarantee
Kansom. Coahler.
careful attention given to all currcsCollections
ad e upon favorable terms
p ondence.
WBUNKaOAYS AND 8ATUIIDAT8.
Nn.
I
J.
CAPlT.tl, »100,000.
REGDLAR AUCTIOM
niJL.L<ER
_
DES MOINES, lOHTA.
ON
II.
.
H.
I'ltTwa.
Merchants' Nat'l Bank,
STOCKS AND BONDS
ADRIAN
u
M. Mills, Presiaent,
At Auction.
II
aiUlrt'.'^.s
STOCIiS,
TRUST
England
iNroKI'ORATKI).
Hunk.
Ciwh
II.\aii».
RAILWAY STOCKS
CITY
jr.
Mortgage & Investm't Co
term-^.
Ktturtli Natioruil
York Corre'pontlent,
Kern Ulan-
Bank and oHier Slooks BoiiKht aud Bold.
BLAKE Sc CO., Private Baolcers,
jniuneapalla, Idlnn
P. O. Box 'MO.
KHBDBRIC BAAB8.
Dated, Jim. 21.
NAStSAU 8TR££T,
DBALKB IH
n Klven to
I;''
IVOYES,
C.
21
1
(.
Colonies located. W. K, STITAKT.
Carondoiet St.. New Orleans. La.
At.F.I
1^
-iifoiy
OnlythemosI
desirable loans
and satisfaction. The Kansas
yaudott^ Kansas. aM
mi Uun Trust Co., \^
H. L. Grant,
No. 145
BROADWAY,
NEW VOHK.
CITY RAILROAD STOCKS & BONDS
BOUGHT AND SOLD.
8«e Quotations of City Railroads ta this paper.
RAILROAD CO.MPANY
WESTERN
OF MI.VNESOIA (now ST. PAUL & NOKTHER.V PACIFIC
RAILWAY
CoMPA.VY.)
Notice is hereby given that the undersigned, the
trustees under the mortgage dated May 1, 1881,
made by said company to us, to secure an Issue of
140 bonds of $1,000 each, all of that date, have designated, and we hereby call in, for redemption, as provided in the mortgage, all the outstanding bonds of
said issue, namely, bonds numbered as follows;
15
3fl"
7S
»»
120
le
37
T»
lOO
121
17
44
80
101
122
18
45
81
loa
183
19
40
83
103
124
20
47
88
lot
125
21
48
St
105
ISS
23
49
85
loe
18T
23
128
60
86
107
24
51
87
108
180
26
109
180
52
88
28
S3
89
110
181
III
27
bO
ISS
28
6«
91
119
183
lis
2H
57
93
134
SO
68
93
114
136
31
59
115
US
80
118
82
B6
73
90
83
117
34
7B
97
118
77
98
119
8S
Being one hundred and one (101 bonds of |l,000
each.
The said bonds must be presented and delivered to
Messrs. Wlnslow, I-Auler & Co., bankers,' SO Nassau
street. .N'ew York City, fttr account of the undersigned trustees, on or before the first day of May,
ISSO. The interest on any bon<l not delivered by
that day sistll thenceforth wholly cease.
M
M
)
OCTOUKK
'ii.
!<*«.
CHARLEMAGNE TOWER,)
WILLIAM
S.
LANE,
J
-,„.,--.
»"»l««"-
:
THE CHRONICLE
VI
[Vol. XL.
I^iwaucial.
%nsuvmict.
Liverpool & London & Gflobe
INSURANCE COMPANY.
Statement United States Branch January
1885.
1st,
ASSETS.
Ke»l Estate
Loans on Bond and Mortgage
United States Government Bonds
$1,260,000 00
•
J,5Su,70.5 78
1,706,167 SO
State and City Bonds
SSS'TIS 99
991' J §? 10
J5
453,584
Cash In Banks
Other admitted Aasete
95,941,474 53
LIABILITIES.
¥2,468,949 95
?i?'Z2?
32o,6S4 ??
44
216,086 77
Unearned Premiums
UupaldLosses
Perpetual Policy LlablUty
Another
Liabilities
2,580,994 12
Surplus
— $5,941,474
3,240,385 48
Expendituies 1884
ALEXANDER HAMILTON,
ANSON PHELPS STOKES,
Resident Manager,
Deputy Manager,
NEW YORK:
IIV
ROBERT
Chairman,
HENRY W. EATON.
B,
CENTRAL RAILROAD
ILLINOIS
COMPANV.
1-
48TH SBMI-ANNUAIi CASH DIVIDEND.
From theearntni^fl at the year ended December 31.
the Directors have declared the usual SemiAnnual Dividend of FOUR (4) PER CENT in cash,
parable March 2, 1885. to shareholders of the Illinois
<^«ntral Railroad Company, as registered at the close
of business February 13, 1885.
The Annual Meeting of Stttckholders will be held
Ifl84,
March
11. 1885.
The Stock transfer booits will be closed for the purposes of tile above dividend and of the Stocltholders'
Meeting from February 13
until
March
12, ISSTj.
RANDOLPH,
L. V. F.
Treasurer.
PAUI. & NORTHERN PACIFIC
ST.
RAILWAY COMPANY.
Nkw Youk. January 20. 1885.
General Mortgage SIX PER CENT coupons of this
company, maturing Feb. 1 pro.T.. will be paid on and
after that date at tiie Ifanbing liuuse of Messrs. Winslow, Lanier 4 <'<i.. 2(1 Nassau St., Now York City.
QUARTERLY
The
INTEREST, due Feb. 1. iipon
the registered bond certificates will bo transmitted
at maturity to holders of record Jan. 2tl jnst.. from
which date until Feb. 1 inclusive, the transfer books
will
GEO.
be closed.
8.
JONES,
Treasurer.
OF P11I.I.MAN'.S PALACE
OFFICE
CAR COMPANV. Onic'AfiO,
1885.
DIVIDK.M) No.
The usual
PER CENT
.Ian. 20.
7i.
QUARTERLY DIVIDEND of T\VO
(2)
on the capital stock of this company
lia.s been declared, payable Feb.
from net earnings
18, 1885, to stockholders of
>eas f cb. 2. 1885. Transfer
r«-open Feb. 17, IHS!>.
A. «.
record at close of busibooks close Feb. 2 and
WEIN8HE1MER, Secretary.
MINTURN,
CHARLES H. MARSHALL,
JOHN A. STEWART.
J. E.
Asst.
%ut6xt3tf §ivii&zn&Sf *c.
I
S3
$3,814,.S47 92
Income 1884
DIRECTORS
HOIT
^itiatxcial.
42 d St. Manhattanville &
St. Nicholas Av. Ry. Go's
First Mortgage 6 Per Cent Bonds.
Due 1910. Interest March and September.
Union Trust Company, Trustee.
Total authorized issue, |il,80O,OOO.
BOUGHT AND SOLD.
J. B. McGEORGE, 20 Broad
St.,
The undersigned, appointed a committee to
aid In carryinji out tlje Funding Plan recommended by the Board of Directors of the E. T.
V. & G. K. R. Co. at its mect'ng on Dec. 30,
18S4. respectfully sulimit th« following extreiot
and recommeudations from said plan
Interest due and estimated deficit
for 18S.i and 1886
$1,250,000
Amount required for betterments.
1,0(X),000
Total
$2,250,000
To secure this amount it was recommended
I. Tliat the holders of the consolidated 5 per
cent bonds be asked to fund four coupons,
being those maturing January and July Ist,
1885, and Januay and July :t8t. 18S6, by
depositing said four coupons with the Central Trust Company of New York, as trustee, and receiving instead the Company's funded
coupon Ijond dattd July 1st. 1885, and bearing
six per cent interest per anmim from that date,
payable semi-annually ou the first days of January and July In each year, which bond shall
run ten years from its date, and be redeemable
at the pleasure of the Company at par and
accrued interest, after three years, on three
months' notice such funded coupon bond to be
secured by the coupons so deposited, the lieu of
which will be in all respects jueserved.
II. That the holders of the $2,000,000 of the
Cincinnati & Georgia Division 1st mortgage sir
per cent bonds be asked to fund four coupons,
by depositing with the Central Trust Company
of New York, as trustee, said four coupons,
being those maturing March and September 1,
1885, and March and September ] 188i), and
acceuiing in lieu thereof a funded coupon bond
based on and secured by such coupons, which
boml shall be dated September 1, 1885, and
bear six per cent interest from said date,
payable semi-annually on the first days of
March and September in each year, and be payable in ten years from date, or. at the option of
the company— at par and matured interestafter three years, on three months' notice,
III. That the holders of the debentures be
asked to extend for ten years such of the debentures as fall due during the years 1885 and
1886, and to accept similar debentures, running from five to ten years, for the interest on
their debentures falling due during the years
1885 and 1886.
IV. That an arrangement be made with the
holders of the Car Trust Certificates of the
Company, Series A, for an extension for ten
years of all payments of principal tailing due
in 1885 and 1886, being $100,000 in each .year.
Total amount extended
$2,500,600
(Tlie divisional bonds of tho company maturing during 1885, 1886 and 1887 will be provided for by iseue of suificient 5s of 1880.)
Bondholders who assent to the proposed plan
are requested to signify such asfcnt to the East
Tennessee Virginia <fe Ueorgii" Ponding Committee, Room No. 'il. No. 110 Broadway, where a
member of the committee will be ready at any
time to give any furtlier explanation or information desired.
When the reiiuisite numt)cr of bondholders
have given their assent to the plan, notice will
be given of the time and place where liondholders may i>resent their coupons for exchange
into the funded coupon bonds.
;
,
PULSFORl).
Deputy Manager, GEO. W.
TO THE BONDHOLDERS OF THE
EAST TENNESSEE VIRGINIA &
GEORGIA RAILROAD CO.
N. Y.
The Corbin Banking Co.
115 Broadwa]/, New York.
7 A2fD 8 PEB CENT F^BJf MORTOAOES.
Would-be in vfiiftori occasionaltu express surpritte that
we are able to safely conduct the business of mortgage
loans upon improved farms located one thousand or
niore miles distant. This is a business we have followed all our Hoes. We comm,e7ice(i over thirty years
ago in a small way in Jowa. As our loans increased
in public favor we gradually extended the field, I>uri7ig
all these years we have accumulated »t«h a fu?)d of informaiion regarding the laws, lands and people of our
agricultural Utates as enables vs to negotiate as safely
upon farms fifteen hundred miles from New York as to
make, a call loan with usual margin in Wall Street.
Tiiis statement U based upon our record of vast transactions, and person,* having funds which they wish to
investfor a t-erm ofyfars where there is abundant security and hatidsome Vtluras should, in their own interest.
call upon us for informaiion concerning the adiajttages
of these loans.
SAMUEL SHETHAK, )
SHELDON > Funding Committee.
GEO. R.
E. H. R.
LYMAN, )
New York, December 30,
Fifth
PANY
(Mills BUILDING), No. 16 Broad
The Regular Monthly Dividend
Street,
103.
of
FIFTY CENTS
per share has been declared for December, payable at
the olBoe of the Company. San Francisco, or at the
Transfer Agency, New York, on the 31st Inst.
Transfer books close on the 2«th.
L00N8BERY 4
CO.. Transfer Agents.
ST. PAUL MINNEAPOLIS
THKMANITOBA
RAILWAY
No. 03
_,,,,..
1 he directors
QUARTERLY
William Stuket,
New York,
^
.
&
COMPANY
-»•
Jan.
12. 18*).
llALF PER CENT on
the capital stock of the comolliceon and after Februarys
1885, to stockholders of record on that date
Ihe stock transfer books will be closed at 8 o'clock
P. M., Jan 1 7. ISM. and will be re-opened at 10 o'clock
d, 1H8,>.
JOHN
S.
KENNEDY.
A?^^?.',^i,*7.oA';."^^?.
A
Dividend Of
Vice-President.
* '^«^«^ «««-
THREE 5ii^S
Jil^ii'' o^if ?h?,'
Sa,
£;s=x;'i';n7aTviri!is??,.\\-,vt^iii^s'or,r„''ij,m^
pany. Transfer Ijooks close January 21. at 3 P M
And open on the morning of the 2d of February.
"
W. D. SNOW, Secretary.
NOTICE.-THE
FIRST
BANK
KOKOMO. located at NATIONAL
K"mo In
State of Indiana,
closing up
amu,;
Ol.'
llni
Is
It,
ll'"o,e-
holdera and other credit or.n of salil Association
tnerefore.herebv notified to present the notes arc
"« Association for paymentand
"'SSL^H*
Bated Jan. V,£S^
1. 188S.
c. A. J A VTcaKhler
T
Avenue
Madison Square,
NEW
YORK..
The Largest, Best Appointed and Most Liberally
Managed Hotel In the City, with the Most Central
and Doiightf ul Location.
HITCHCOCK, DARLING k
BY
GOODHART &
CO.
P. J.
CO.,
55 EXCHANGE PLACE (Mills Building).
Groesbeck
Schley,
BrancU, 68 W. 3d St., Cincinnati, OUo MEMBERS NEW YORK STOCK EXCHANGE
&
Car Trust Bonds.
t
fSJ'/v'*'?''',?,. ".'""'"
A. M. on roo.
Cincinnati Indianapolis St. L. AChlcConsol. 69
Indianapolis Cincinnati & Lafayette Ts.
Cincinnati Indianapolis St. Louis & Chic. Stock.
Cincinnati Hamilton & Dayton Bonds A Stocks.
)
company have declared a
DIVIDK.ND of 0.\E AND ONKof this
1881.
HOTEL,
QNTARIO SILVER MINING COMNew York. January 21, 1885.
DIVIDEND No.
:
WE MAKE A SPECIALTY OF THESE VERT
SAFE SECURITIES, AND BUY AND SELL 8AMK
AT MARKET PRICE.
WB OFFER A LIMITED AMOUNT OF DB8IB
ABLE CAR TRUST ISSUES, ADDITIONALLY
SECURED BY THE DIRECT OBLIGATION OF
TH«
RAILROAD EQUIPMENT COMPANY.
POST, niARTEV
^No.
34
&.
CO.,
2G
BROAD
ST.,
NEW YORK.
Private Wire connection with Philadelphia,
Baltimore and Washington.
&
Spencer Trask
Bankers,
Co.,
.
Nos. 16 AND 18
Broad Strket,
PINK STREET.
Transact a General Banking Business
Fabius
M.
Clarke,
ATTORNEY AT
LAAV,
Branch Offices:
TOPEKA, KAIVSAS.
Connected by Private Wires.
Conimorcial and corporation law and municipal
bonds, specialties.
RKKEHKNCEs: Hon. D. J. Brewer, U. 8. Circuit
Judge; Corbin Banking Co.. New York; Eastern
Banking Co. and Gen. F. A. Osbom, Boston, and the
Bank of Topeka, Topeka, Kansas.
Philadelphia, 132 South Third Street.
Albany, N. Y., 65 State Street.
Providence, R. I., 13 Westminster St.
Saratoga, N. Y., Grand Union Hotel.
xmm
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATE*
CongreM, in tbe year 18S5, by Wu. B. Danjl
|£utcre(l according to act ol
VOL.
& Co., In the ollioe of the Librarian of Oongress, Wasbington, D. 0.| ^
SATURDAY, JANUARY
40.
CONTENTS.
NO.
1885.
24,
1,022.
on the Stock Exchange have reached a total of 1,843,341 share*
week
same
and
covering a market value of $119,756,000
103 Position of Phlladelpliiu &
Clearing-Houee Retiirnii
101
Reading's Mortgage Bonds. 110 and $158,380,000 respectively in the two years.
If, therefore,
The Financial Situation
Monetary
and Commercial
CoalPioiluciionaniltlie Policy
we pursue our usual method of deducting double these values
Commercial and Miscellaneous
QoUl Proiiueiion nnd Dietrlbufrom the total exchanges at that city, we have $385,363,451
114
tiou
108
News
and ^485,163,473 to represent the exchanges having other
THE BANKERS' GAZETTE.
for the
THE CHRONICLE.
this year against 3,444,992 shares for the
period ia 1884,
1
|
1
Money
Foreign Ex-
Marlcet,
Quotationsof StocksandBonds 117
Railroad Earnings and Bank
Returns
118
Investment and Railroad In-
i
change, U.S. Securities, State
and Railroad Bonds and
Sto ks
115
Range In Prices at the N. Y.
116
Stock Exchange
|
i
telllgence
THE COMMERCIAL
1 22
133
Commercial Epitome
Cotton
l
1
*
Dry Qoods
a
loss of 41 "3
per cent.
With New York excluded the
total for the
009,258, against
128
129
statement giving the details for the various
lows
Week Ending Janiuiry
1885.
FINANCIAL Chboniolb U publisTied
NexB York every Saturday morning.
Th> CoioisROiAL AND
1
Entered at the Post
Office.
in
New York. N. Y.. as second-class mall matter.
»524.«75.151
$801,923,472
(l.*42,341)
(2.444,992)
(.OoUon.... hates.)
(294,900)
iO-rain... bushels)
(37,071,000)
CPetroleum..bbls.)
(45,179,000)
(194,222,000)
»89,619,08B
$67,44l,5.Sl
For One Year (including postage)
Chkonici-e.
Subscriptions will be continued until definitely ordered to be stopped.
The publUbers cannot be responsible for remittances unless made by
Drafts or Po.stOfflce Money Orders.
A neat tile cover is furnished at .50 cents; postage on the same Is 18
cents. Volumes bound for subscribers at $1 00.
The
Is
offlce of
Offices In England.
Commehcul and Financial Chrohiclb In London
Edwards
where
Smith, 1 Drapers' Gardens, E.
the
with Messrs.
C
*Sc
•nbscrlptlous and advertisements will be taken at the regular rates,
and sinifle copies of the paper supplied .tt Is. each.
Buildings.
wt.i?.-!. n.w.
mM
WHN
o FLOITD.
iTrVivn
O.
...
p„^^ OFKICK Bo'x 958.
feature of the returns this
week
week
is
that the corresponding
year was almost everywhere very favorable, and
hence the comparison does not give as good results as a week
ago, although the clearings this week are really a little larger
than last week, the total being $792,884,709 against $790,403,G52.
Seven cities record an improvement over Jan. 10; they
re Boston, Lowell, Milwaukee, Worcester, Peoria, St. Joseph
*nd New Orleans. Of these the three first named, and in addilast
Kansas City and Memphis, present exchanges
a year ago. In some cases, however, there is a
considerable loss, as for instance at Cleveland the decrease
now is 5'3 per cent, whereas January 10 there was an iiierease
of 34'3 per cent, and Chicago replaces a gain of 17'8 ptjr cent a
eek ago with a decline of 8-1 per cent. In both of these
nses there ia a loss, not only in comparison with last year, but
tion Louisville,
in excess of
with last
The
at
Week Ending Jan.
17.
Per Cent.
j
-34o
$516,152,177
(—24-6)
(475,000)! (-37-9)
(1.934.884)
(-1-4)
(401,900)
(-201)
(62,952,000)
(+0-4)
(+42-5)
(-66-3)
(41,123,000)
(-451)
(46,378,000)1
+S-2
$69,281,591
1'4
4,617,000
-4-7
1,7«2.1)2I
2,109.799|
1,219,371
1,291,9781
a46,471
1,0.54,439
788,781
855,884
756 856
934,495'
—7-8
— 19*0
394.524
5«5,100l
+5-2
782,029
933,391
455,402
»79,7:«,110
$70,588,426
4-02
$80,584,980
-1-9
»46,600,219
6,717,053
14,886,145
$60,460,415
11,255,872
16,256.085
—22-9
—40-3
-8-4
$44,438,297
7,311.208
13 659
—190
«B8,2«3.417
$87,972,372
-22-5
$65,408,854
-17-5
$44,267,070
$48.190.:i05
-81
$51,633,5451
+178
10,144,760|
10,173,000
10.199.650;
4,212,314
3,429,ra7
2,499,048
2.707.289
+3-9
+18-0
+3-1
Lowell
Total N. England
Philadelphia
Pittsburg
Total Diddle....
—18-4
-5-8
-19-7
1,494,498
1,814,115
2,008,5871
301 0541
2,118,604
1.404.620
779,842
977,T35
-0-3
+22-8
-9-7
-17-8
-5-3
-7-4
-20-2
»l)8,705,163
$70,875,395
St.
$16 193 289
ftl7ft7l«14
St.
702.HI2j
823!2a7
Detroit
ladianapolis
1
Peoria
Total Western...
2,269.270
6'1
1,414.730
+8-5
851.457
—26-9
4.482,158
2,788,955
1,701,3721
—4-9
2,463.3391
+243
1.256ilS2
+2-8
699 538'
9f7-A
-5-9
$75,202,689
+13-8
$17 845 274
5M,927'
Louisville
4,537,451!
Kansas Ctty
4,328,826
1,819,435
3,332,793
1,517,040
-9-4
-14-9
-15-7
+10-8
+29-9
+19-9
2.290,134|
-19-0
+13-9
+73-0
+77-7
fl0,5:l7,05O
$4:lJ)27,705
-5-8
$40,601,128.
-H-8
812,8,30,518
$13,391 ,.357
—1-2
$12,452,874
+8-3
$792,884,709 $1,096,778,817"
—27-7
LOQlB
Joseph
New Orleans
Memphis
Total Southern..
San Francisco
Total
all
13,955,437
15.377,045
4.101.427
10,701 ,672|
4,685.828
4.703.493
2g'e
The clearings
make
iii
for the five days, as received by telegraph,
the aggregate a comparison with last year O'l per cent
The totals, however, at all the cities
both years exhibit a decline from the preceding period, the
falling off in most cases being the greatest last year.
better than on Jan. 16.
in
woek
New England
rtvs lyy Bnd'g J'aa.lS
Tlve Days Bndint Jan. 23.
owing to the increase exhibited
this week 0'2 per cent in excess of
section,
Boston, records clearings
the preceding six days. The other divisions all make a
favorable comparison with last year than on January 10,
iiiring
Western in particular.
At New York thc^re is a loss exhibited of 84'5 per cent
-o'ainst a decline of 3a per cent a week ago.
The transactiona
the
2'3
-27-3
M9
loss.
1884.
IPer Cent.
1886.
'he corresponding period in 1834, against 1'9 per cent decrease
less
10
Percent
1885.
New Haven
CLEARING HOUSE RETURNS.
A
cities is as fol-
Providence
Hartford
IWIttlAM B.DANA & Co., Pnbllshers,
T9 & 81 William Street, NEW YORK.
?
J
$268,-
0/-
1
IN ADVANCE.
$10 20
6 10
ForSix Months
do
Annual subscription In London (Including postage)
£2 7s.
do
Sixmos.
do
do
£1 8s.
These prices include the Investors' Supplement, Issued once In two
1884.
(SU>cla.... shares.)
.XolM
TERMS OF SUBSCRIPTION-PAYABLE
is
:
Clxrawicle.
35lxe
week
$394,855,845 in 1884, or a decline of 9'1 per
cent against a loss of only 1'3 per cent last week. Our usual
119
TIMES.
Breadstuffs
origin, or
PerOnU
<«-i
Sates of Stock ishs.)
(1,174,279)
(2,ia),682):
(-«0)
(1.590.840)
(-a7-8)
Boston
.'>3,l)«2,75«
5.^0l4,325i
Philadelphia
Baltimore
St. Lonla
.S7,35H,138l
42,601.605]
-I1>
-12-3
10517995
-t-T?
57,377.496
38.020.580
19 afti iflft
-980
103378121
TOUL
12,.')05.30o'
$518,:«)5,775
14.IM0,016
-123
$732,740,238
-29-3
1
!
-H)-0
—a-A
13,741,809'
-90
$567,474,6391
-29-4
THE CHRONICLE.
104
[Vol, XL.
to pass a bfll with
THE FINANCIAL SITUATION.
reference
to
this subject
need cause
anxiety.
had heavy forces to contend against
A far greater source of disquietude is the lack of conmuch
circumstances
the
under
shown
has
and
week,
fidence,
which new instances of corporate mismanagement
this
These disPrices in some cases have yielded, but only and breaches of trust are all the time causing.
strength.
reports.
closures are in most cases less frequent and important than
after pietty severe hammering and many untrue
The most serious adverse influence has been the distrust they were, but scarcely a week passes without one or more
which the failures of last week and the defaults of the last bank defalcations being announced, or dishonest scheming
and of some of our railroad managers being brought to light.
two weeks have bred, giving the opportunity for
dis
similar
other
of
reports
of
circulation
encouraging the
Such developments naturally enough keep the public
than
foundation
better
no
had
which
mind (already in a nervous state) disturbed regarding the
asters impending,
class of
worst
the
of
imagination
fertile
and
future of the Wall Street markets, and especially when
the foul
rumor-mongers. The use of such a weapon to influence securities are drawn into discredit which heretofore have
poisonSo far as the silver questhe market is not only wicked but mean; it is like
stood high in public estimation.
do tion is concerned, there seems at the moment a proscould
ing the very air we breathe no one but a sneak
"Wall Street has
—
it,
The Finance Committee of the Senate
and none but the strongest can survive it.
pect of relief.
There has been an inclination also among those who take is apparently disposed to attach an amendment to
counsel of their fears to accept the action of Congress
oh the M;Pherson bill as assuring a very embarrassing con-
the
dollar
trade
the suspension
now
bill
before
it
providing
coinage of the standard
the
of
for
dollar
coming year. With- after January 1st next, and meanwhile seeking to re-open*
bill or the Potter before a Monetary Conference of European nations, the
either
that
upon
opmion
any
out passing
question is very subject of bi-metaUism, If Judiciously pressed this measure
in
danger
the
think
we
bill,
refunding
Its importance
greatly e.xaggerated. According to the Comptroller's report may be carried before the adjournment.
made to this Congress, the country had on the first of last |3 80 obvious, and its bearing upon all financial and busiNovember 7G million dollars more currency than it had on ness interests is so direct, that we cannot but have a hope
traciion of our currency during the
when our present business
Though we cannot accept that state-
the 1st day of November, 1882,
that
depression began.
either House.
ment
us
strictly accurate, still
as
to
is
that
correct,
while
the conclusion
brings
it
have
needs
our
largely
it
will
meet no serious obstacle in
With
that cause of
its
passage through
anxiety removed, the
only evil which time cannot cure, would be out of the way.
Bank directors will learn watchfulness by experiencing the
by reason of the inactivity of business losses their lack of vigilance has permitted and as to
we have been materially adding to our currency supply dishonest railroad management, it is at worst but a temand forcing it into circulation. The consequence is, the porary scourge. The courts are likely to be occupied with
channels of commerce are today stuffed so full of cur- s'aits arising out of these overreaching schemes, and the
rency that every bank is overflowing with surplus cash, prominence given them through the press will warn the
money is worth next to nothing and capital is passing out public against investments in any of the properties coaof the country to obtain employment in Europe which it trolled bjr tricksters,
decreased
;
Then again the experience
cannot find here.
year shows that there
banks
will give
up
is
all their
of 3 per cent bonds
of thq
-^,^^1
no reason to believe expiring
circulation, or that the holders
which may be
called, will not to
considerable extent take other bonds.
a
This statement
Thei-d has
been
wesk
littie this
that
is
new with regard
and pool arrangements except rumors.
The Pennsylvania road has continued its charge for immiWest
grant business on a basis of one dollar to Chicago—
price,
same
the
tickets
at
sell
would
Shore announced that it
being
report
the
yet,
so
as
done
has
it
but it is not clear that
see!
not
does
connection,
Western
its
GrandTrunk,
that the
to the
rate wars
in the following, showing the United
bond holdings of National banks to secure currency
on the first of January and first of July, 1884, and the the wisdom of taking' traffic that is certain to net a loJiS.
first of January, 1885.
What the meaning of the Pennsylvania's action is it would
illustration
fiads
States
be
GOVERNMENT SECUBITIES HELD BY NATIONAL BANKS.
difficult
figure
A» Security for
Vmted
Circulation.
1884.
January
1.
8193,481,900
88 act July 12, 1882
Currency 66
4^ per cents
4 per cents
5s extended at 3^
3,538,000
48.584.000
107,512,300
see
1885.
January
1.
$172,412,560
3.498.000
1.
*147,309.200
3,519.000
46.546.400
40.433,950
111,675,900
118,338,900
422,000
$347,538,200
Here we
July
that
8334,132,850
I
to say.
Had
covering the
it
put the price at any higher
cost, the
explanation would be
Now,;to be sure, it has its own way, carries all
Rumor persists in conthe immigrants, and foots the bill.
necting this action with the West Shore and New York
Central contest; there is however no evidence of such fact.
obvious.
states Jionds held by National
Banha.
just
8318,655,050
although during the year 1884 the
As
to trunk line freight
rates, it
is
stated
that
the east
fcbound schedule has been abandoned, but that no business
poUilds on grain,
IS done at less than 20 cents per 100
plenty of freight
offering
at
that figure.
West-bound
holdings of 3s decreased 46 million dollars, so many other freights, too, were officially reduced yesterday afternoon.
General business seems to be without any special
bonds were taken out that the total of all issues only
Remember, too, that during change. There is a fair movement in merchandise in^
decreased 29 million dollars.
failed
and were forced to retire progress, purchases being 'made with a degree of liberality,,
the year a number of banks
They have reaped the,
Metropolitan
and
that
the
of this city, and yet buyers are conservative.
circulation,
their
meet;
benefit hitherto of the policy of buying only to.
its large amount of bank currency, was among that
number; furthermore that the charters of 249 banks, with immediate wants, and they are apparently disinclined to
89^ millions capital and GO^ millions circulation, expired change that practice. Still, there are evidences of returnFurnaces and factories thats have been,
in 1884, and yet the national bank circulation (according ing confidence.
certainly far
to the monthly returns made to us by the Comptroller and idle are starting up once more, and labor isj
Of course
year.
the
close
of
the
published in the Cukonicle) only declined during 1SS4 better employed than at
will overthey
that
do,
some
as
add,
enough
to
Surely with such facts it is easy
about twenty-five million dollars.
to stop
have
and
products,
their
with
market
as these to guide opinion, one cannot believe that the stock the
with
-
contraction which will result from the failure of Congress
again.
On
that point
all
we can say
is
that the
outlook
January
moment does
nt the
not encourage such a view, though
doubt this is a good time to make haste slowly.
.vitliout
Railroad earnings also continue to show
inovoraent,
advance
tlie
(luito
general im
prominent feature of the week has been a further
exchange.
Bankers also report the market
with a fair demand from importers of goods, while
rise in foreign
'.;.
somewhat of an urgent inquiry for long sterling
Commercial bills are scarce, although the
is
investment.
iv>r
•aovement of cotton
Increased compolition -particularly on thia
hw
become a
also
J^Umiii lln»—
factor of gotno iinportance,
whoM
nralto
have been clonoly watched.
in the price of breatlatulTs liavin*
driven out of farmers' hands liberal quantities of grain
:uid other produce.
A
m
THE CHRONICLE.
24, 1883.]
'" '
an
1H«« and m-^
'
evei,
Imt
wo
i«,
,0
;
hav.
.
.
wo
Co:
ulidrn liD«
.
.
both thoee years, where proriom to l«8:j lt«i, -,,,,
were separate and distinct from thomi of th., II!m, ,
C-n
in
Making
'tral.
wo
rompari.son.
.this
loss of $854,«H'.i
lind that
rl.oro
vru a
grosw ifarning*, bat that t38»,5!»a of
this was oflset by a reduction in exponics,
tlie nuuugement presenting lu this ra4pect a vary mucii bolter showin
and that of wheat compar- ing tlian many otlier large roads, which
report an increaae
shows that the demand is sufli- in c^ixiDses in the fatie of diminished
receipU; the lowi in
iently great to absorb offerings and to force rates higher. net. therefore, is on'y
$108,150, which a loas of $l'jo,Oi2
I'ho present condition of the market is clearly due to the in income from ouUide
sources raises to about flvc-eightha
investment inquiry for long bills and the steady transfer of a million. The Illinois Central
stock, however, ia
to London of the proceeds of a considerable part of the amall— 2a millions— and this loss
of $058,208 exceeds
maturing sterling. All the foreign bankera appear to be by $78,000 the 2 per cent extra dividend
declared in
engaged in the business of supplying this investment 1883, and explains the reason why a similar
uxira pay
demand. There is therefore a ready market for all com- ment was not expedient in 1884.
mercial bills that are made, they being bought as a basi^
But even after losing $658,208 net, there is on the
for future drafts of long bankers' sterling.
Bankers and basis of the smaller dividend payments in 1884, a snrplna
brokers liandling exchange, finding the market so strong, of $362,782, against only $150,909 in 1883. That
is, the
have no hesitation in trading in the bills and thus the company could have distributed over one per cent additheavy, and
.itively
large,
is
this
.
them
comi)etition for
Some
absorbed.
of
is
ers' sterling are carried
few of the banks
bills
With
them.
ing
by
purchased
the
trust
companies and by a
current rates for
bankers
proceeds
each
money
until the
originally
purchases
of
ional
(making 9 per cent for the year) ami yet have had a
surplus not very
issuing
other
long
operation repeated, yield-
much less than
The question
distribution.
in 1883, after a 10 per cent
occurs,
increased surplus brought about.
many through
are offered to and in
the
made and the
are
sterling
at
by the
when they
mature,
cases
increased, so that they are rapidly
these investment purchases of bank-
then,
how was
the
Solely and exclusively
amount devoted to conatnicThe Illinois Central, like many other con
managed Western roads, sets aside a certain
a reduction of the
tion account.
servatively
sum each year out
of net earnings for improvements and
The amount so applied in
was only $220,000, while in 1883 it had
being paid the proceeds are deposited with the joint been $632,529.
The amount spent for construction
stock banks, where they draw about .3 per cent interest. It is account in 1882 on the Illinois line alone was $1,271,452
of course impossible to trace these transactions or to deter- and in 1881 on this division it was $925,380. and in 1880
mine with any degree of accuracy how much has been $842,324. A hasty inference from this would be that the
bought for a quick turn, what quantity for investment, and property is no longer kept in its former efficient state.
what carried by our banks and trust companies and what That does not follow by any means. It should be rememamount has been sent abroad for deposit. At the moment bered that this construction represents not operating
it would seem as if exchange must go higher because e-xpenses, but additions to property, which many compansually at this season it is strong, and also for the reason nies less carefully managed would charge to capital account,
a
profit
chases are
at
sent to
Others
turn.
London
of
acceptance
for
these
pur-
and
after
betterments in
1384,
it
its
property.
appears,
and with perfect propriety, too. One reason why the
amotmt may be much smaller now than formerly, is,
that there will be a much further rise for the present, even that the more spent for this purpose in the past, the
under these exceptional conditions, for very soon spec- less need there is for additional expenditure on the same
that the investment
demand
remittances for goods.
But
it
not thought probable
is
be drawn by bankers who expect to
cover them with grain bills towards the close of the
account at present.
spring.
years.
bills will
-ulative
Illinois
Central has issued this
exhibit for the year 1884,
week an abstract of its
that the company is
showmg
through the present era of depression
passing
.
supplemented by deferred
is
Of course the extra dividend of
lent form.
in excel-
2 per cent
(raising the total for the year to 10 per cent) paid in the
previous year,
made
last
-there
was
But there
is
not repeated, which bears out our remarks
Marcbin reviewing
little
is
.
the figures for 1883 that
probability that
it
would be repeated.
a considerable surplus above the 8 per cent
actually paid, and a road that can earn 8 per cent for
stockholders in times like these
its
management deserving
Central
is
noted for
i:)od results are
however,
is
its
is
its
certainly doing well and
of congratulation.
The
The present
particularly gratifying
more prosperoua
managers can well afford to apply large sums annually
in the making of improvements, &c., even where not
needed at the time, but when business is poor and times
exhibit,
because of the new
which created a
uneasiness'aa to the possible outcome.
When business
are bad
such outlay
Besides,
required.
is
is
we
to
good and
justifiable
the
profits heavy, the
only
when
absolutely
see that $250,000 of the 1884 sur-
plus is to be nsed in purchasing
new equipment.
Bankers' balances remain unchanged, and there is no
new feature to the money market. The following statement^
returns collected by us, exhibits the^ week's
and shipments of gold and currency by the New
made up from
receipts
York banks.
WM aiMmt Jan. n,
I88D.
BuHt** Hi
K.T.BmOo. N.T.Bmla.
18.100.000
0*iimHf
tiaT.<m
UAOOO
a«M
Total
departure taken two years ago,
further, such use of net earnings
restricted
Illinois
clean and conserv^ative record, and
expected of course.
And
must necessarily be
«oMu4l*isl todan
«3.I00,000
ISOTJOOS
ntnumm
1MB
.««,MSl«*0
tarn..
MMM
(MB..ia.MMS»
little
The company then dis-
tributed a 17 per cent stock dividend and assumed in full
the operations and rental of the leased line to New Orleans.
The above shows the
actual changes in the bank holdings
and bom
haT«
banks
In addition to thfH movenieat, Uie
of gold and currency caused
the interior.
by
this
moToment
to
——a
.
THE CHRONICLE.
106
$300,000 through the operations of the Sub-TreasAdding that item to the above, we have the following,
gained
ury.
New York
which should indicate the total gain to the
the
Clearing House banks of gold and currency for
to-day.
week covered by the bank statement to be issued
[Vol.
facturing needed nothing so
much
maintained old
panies
which
firmness
equal
more
force
in
another
profitable results.
of the coal com-
persistency and
been
applied
with
direction might have yielded
with
prices
a
had
they
if
as cheap fuel, in order
managers
to reduce the cost of good, the
XL.
Then knowing
the
that
pro-
ducing capacity was already far in excess of consumpWeek Endino Jan.
IntoBanki.
23, 1855.
tion they adhered to the plan of
Banks' Interior Movement, above.
Bab-Treasury operation?, net
Gain. t8.783,000
300,000
Gain.
I307,l500
»3,100,000
300,000
periodical restrictions
—
company
which made
to
it
possibly
could
in
as
the
produce
much
to
as
Gala. 13,093,000
1307,000
$3,400,000
Total gold and legal tenders ....
days allotted to work, and consequently put a preThe Bank of England gained £512,742 bullion during mium upon the sinking of new shafts and the opening of
This represents £503,742 received from the new collieries, which most of the companies were not
the week.
The Bank of France slow to avail themselves of. Thus it happened that the
interior and £9,000 from abroad.
francs silver, and
146,000
and
gold
2,
francs
gained 1,405,000
number of idle days had to be greatly enlarged, and
the
Bank
of
Germany
since the last report increased 11,-
indicates
Tiie following
021,000 marks.
bullion in the principal
European banks
amount
week and
the
this
of
at
the corresponding date last year.
January
the high prices maintained encouraged attempts on the
part of producers of
bituminous to supplant anthracite
Silver.
Gold.
Silver.
success.
24, 1884.
But most incomprehensible of all was the treatment of
Company. With the close of
last year the managers of the coal roads finally awoke to
the fact that it was time to stop stimulating the opening
the Pennsylvania Railroad
A
Bank of England
Bank of France
Bank of Qermany
21,657,051
21,613,997
39,932,830 42,074,274 38,019,200 39,786,373
6,653,000 19,959,000 7,416,000 22,248,000
Total this week
XotEil previous week
68,199,387 62,033,274 07,092,254 62,034,373
67,493,147 61,531,072 66,543,073 161,238,658
.
yet no material curtailment of production ensued. Further,
attempts which have met with a considerable measure of
January 22, 1885,
Gold.
plan
the interest of every
it
new mines, while the demand was steadily being lessened,
and one or two of the companies also objected to the
of
further continuance of the old policy, as
permitted cer-
it
TheAssayOfficepaid$138,634 through theSub-Treasury tain of the lines in the combination to thrive at the expense
So the allotment plan, by which each interest
for domestic bullion and $107,637 for foreign bullion of the rest.
during the week, and the Assistant Treasurer received the is allotted a certain percentage of a fixed total production,
again came in vogue, though the way the companies went
following from the Custom House.
about introducing it, did not greatly encourage belief in
Consisting of—
its success.
A very diiEcult problem for the combination
Dutiet.
DaU.
Bold.
50
$2,286,439 56
$33,000
" 20.
" 21.
"
22.
Total.
63
$5,000
7,000
5,000
4,000
8,000
4,000
$295,417
468,716
566,237
386,656
315,112
254,299
Jan. 16.
" 17.
" 19.
19
28
76
20
U.S.
Gold
Silver Oer-
Notes.
Oertifie's.
tifleates.
to solve
$27,000
75,000
193,000
141,000
93,000
122.000
$156,000
201,000
183,000
115,000
113,000
53,000
$760,000 $661,000
$821,000
$107,000
185,000
180,000
126,000
96,000
66,000
-
steadily
with great advantage to
THE ROADS INTERESTED.
itself,
too
—but
its
producing
was no longer possible to ignore it, and accordingly in fixing upon a figure
for the year's production, some allowance had to be made
capacity had become so great that
it
for that road either within or without
It
COAL PRODUCTION AND THE POLICY OF
was how to deal with the Pennsylvania Railroad
mining of, coal. The Pennsylvania had
held aloof from the combination in past years
interest in the
was
combination.
the
to the interest of the combination of course to get
the Pennsylvania to
come within the fold. In this condition
would naturally have supposed the road would
In the present muddle in which the coal companies find be accorded quite liberal treatment at the hands of the
themselves involved, facts and figures bearing upon their other
companies and be assigned at least a fair
The forces percentage, based on its production in the past. Instead
relative production possess unusual interest.
against which the coal trade has to contend at the moment of that the combination allowed it only 8 per cent of a proare the increase in facilities and consequent producing posed production of 30 millions, whereas in 1884 it had had
of things one
capacity of the companies, the depression in manufactur-
10|-
ing and general business, and the encroachments
to
made by
per cent of a larger production
mine only 2,400,000 tons
—that
soft coal,
duction of 3,169,287 tons in 1884, and
as to comparative
road had,
under the lower prices for the latter. Statistics
and total production by the anthracite
roads are published in various forms, but the figures of
Mr. John H. Jones, the accountant of the companies, furnished monthly, are regarded as ofiBcial,and as the statement for December has Just been issued, a review for the
past year and of previous years will prove useful.
At
the
the
outset,
course of
the
however,
coal
it
should
companies of
strangely inconsistent with their
own
be
late
interests.
said
that
has
been
Those in
by the extension of some
preparations for increasing
was invited to cut down
is,
in 1885 against
its
its
it
was asked
an actual pro-
this, too,
when the
made
of its branches,
supply.
In other words,
it
output 769,287 tons for the
privilege of Joining the combination.
Finally, infixing
upon 30 millions
consequently also consumption, of
as the production,
and
1885, the combination
would appear to take a very sanguine view indeed of the outWith business languishing everywhere, with man-
look.
ufacturiiig involved in the deepest kind of gloom,
it
seems
very doubtful whether the companies can market 30 milBut it will be asked how does this
imperfectly, or else to be lacking in ability or disposition to lion tons during 1885.
deal with it.
Confronted by a state of afiairs that re. figure compare with other recent years. To answer this
quired prompt and energetic action to avoid disastrous question we have prepared from Mr. Jones' reports
consequences, they have pursued an uncertain, vacillating the following statement
of the production of each
and temporizing policy that has only increased the ills ex- interest during each of the last five years, • and have
control seem either to have understood the situation but
isting
At
and proved of but
a time
when
all
little
good
to
any one concerned.
industries were depressed and manu-
added the amount for 1885 on the basis
proposed.
of
the allotment
—
January
188S
34,
THE CHRONICLE
]
imn.
1888.
1881.
Tbnj.
7V>a«.
Tbiu,
18M.
INW.
Tant
n.afiB,ooo !i,io»,gao i8,a3a,40i 11.811. Ida ll,08B.80«
LohlRh Valley
Dol. l.uok. It Wert.
]>oI. Jk
tliidnou
PennAjlvanlH IIR.
Pcnna. Coal
s.fiso.oool
n.ons,w4
S.ST1.T73
5,S04.361
S,a7B,lM 4,«»8,717 4,388,1MB
8;]00.ooo
.i,8aa,H7u
3,912,071
8,809, 1«H
.1.811,400
8,«4.7n8
8,400,000
»,T7:l.41H
a,3as,07a
8.811. ami
I.HIVI,I>»I
14100.000
3,100.987
i,a»7,ius
1,400,880
I.47Q.3HO
1,138.4117
460,000
4IM,844
1,M1,I4S
38a.l94
406^80
411.004
Krta
880,610
80,000,000 a0.TI(UN0 81.798,0M aB,U0,0M
Total
Stock at tide-water
748.880
874.681
at wid of year
InoludInK Central of New Jetsey.
lliis table
Tbu.
8.404.086
4.f<)s,aooj
M«3.78S
confirms
all
has
that
6,781.808
is
for this
msj throw
It
upon the plans of the managers.
light
600.873
iOetnunt
been said above.
It
1886.
IDS*.
7VMU.
Tbiu.
1
188S.
188*.
1881.
18*0.
Ttaw.
Tbiu.
TbfU.
4,800.000; 6,078,781 8.980.840 6.M7.IM «.a«R.681
7..100.fllX) 7,4N6.9!M 7.831.618 7,016.888
8.a00.000| 8.838,013 0.084,7611 8.ai4.0tB
8.600,a00| 8.780.184 8.7S7.Sll{ 8,84t;«W 8,i88,a«o
»jm.im
s,iwja
Ia0.000,000ia0.718.8»0 81.788,084 8».l»O,089;88aiOO.0SS
mA»iM»
I
Klrit<i Darter....
Second qaarter.
Third auartar.
Poartb quarter..
.
1,600,000 tons greater
.
Total
creased over a million and a half tons.
put for the
The
to say,
Note, too, the
iVodiKdon k( QtutrUn,
Huarttn.
this
is
comparison with
in
the actual production in preceding years.
though in 1884 there was a
stoppage of 103 days against but 48 in 1882, such was the
increase in producing capacity that the tonnage mined inthan in 1882
'
— that
the combination has disposed of the
30 million prodaction on that basis, and
purpose we have divided the year into quarters,
its
and give the allotment for each quarter
some
487.004
to
how
interesting to see
remainder of
aewo.oM 88,487.848
March
in
1,800,000 tons, making 4,800,000 tons for the quarter.
This certainly does not appear excenive.
But it will be
4.8»«,an
shows that the production in 1884 was with one exception
And yet in 1884
larger than in any other year given.
there were lO.T idle days at the mines, against only 60 in
The production, though one
1883, and only 48 in 1882.
million tons less than in 188.3,
107
be limited to 1( million tons per month, and
Aelumt PradiMMim.
Atlotnunt
Hamt of Itoad.
I
J
.
suggestion that occurs to one in examining
first
statement
is
whether the allotment, as arranged for
After fixing the out-
1885, has been seriously intended.
upon stocks on hand; these
till at the end of 1884 the
quarter at 4,800,000 tons, or as low as in
production for the year was only
23
millions, they make the output for the second and fourth
quantity at tidewater was 874,681 tons, against only 467,-
quarters close up to the highest figures ever reached, and
effect of the large production
have been steadily increasing,
024 tons at the end of 1881.
As bearing upon
the
1
880,
first
when
the
for the third quarter actually above the largest previous total.
quirement for the current year, it should be observed that For this third quarter the allotment is 9,300,000 tons, or
even in the prosperous year 1880 the production was less about half a million tons in excess of the actual output in
than 23^ millions, though in the very next year 1881
1884.
Now, does it seem reasonable to suppose that even
re-
—
it
rose to 28^ millions.
But the feature
with some revival in business the combination can market
of most interest in the above table
is
in this period
more
coal than
perous years they have ever had?
by coniparing the
too, that this
figures of 1884
with those for 1881.
We might compare with 1880, but that would hardly
answer as well, since the tonnage of all roads was very
small then, and in the next year there was a decided and
heavy improvement, in which naturally every company
participated, and which therefore offerj better average
totals.
Now as between 1881 and 1884 production increased nearly 2^ millions, and this inured to the
benefit of chiefly two interests, the Pennsylvania and the
Delaware Lackawanna & Western. In the case of all
the other roads the changes between 1884 and 1881
are not very marked. The Lackawanna, however, has
and the Pennsylvania 9.'j7,924 tons,
which shows how largely both these companies have
increased their producing capacity.
The Pennsylvania of
cours e has been outside of the combination all the time,
and therefore has not been bound to the policy of restriction.
But the Ijackawanna was bound by the pool regulations, and has made its increase despite a stoppage of
103 days, showing that the road has been steadily enlarging its capacity as an offset to the diminution in output
that the policy of periodical suspensions entailed upon it.
gained 815,392
How
tons,
the companies arrived
Basily seen,
now
that
we have
at
their
percentages
the output for 1884.
the best and most pros-
in
the changes in the tonnage of individual roads as revealed
It
allotment was on
should be remembered,
the supposition that the
Pennsylvania would join the combination, and therefore
limit its production to 2,400,000 tons, whereas
seems no
it
exaggeration to suppose that the actual production of that
be about a million tons greater.
understand is the action of the combination this week, in appointing a committee to get the
interest will
Equally
difficult to
Pennsylvania to reconsider
that, to consult
make arrangements
gards the
first
its
rejected.
its line
As
for restrictions with them.
proposition,
part of this
bered that the proposal of
considered
determination and, failing
with individual operators along
the
by the Pennsylvania
In refusing to accept
it,
coal
it
and
re-
be remem-
will
roads was fully
directors,
and
definitely
the Pennsylvania people
expressed no opinion as to whether they considered the
award of 8 per cent to their line satisfactory or unsatisfactory, but laid
down
the broad principle that
it
was not
to the Pennsylvania's interest or the interest of the public
for the
Now
company
does
it
any
restrictive policy whatever.
likely that
such a corporation, after
to join in
seem
formally and emphatically declaring against a certain
policy, would stultify itself by rescinding ite action and
As
to consulting individual
is
adopting a different course
It
operators, that can be done, but whether any great
of good would be accomplished looks doubtful.
?
amount
One or
having been determined to cut down
from 30,718,290 to an even 30 million tons, the full two large operators might agree to restriction, but in the
amount of the 718,290 tons reduction, and a trifle more nature of things any unanimity of action between all is out
the total production
was generously taken from the Pennsylvania's proportion, of the question.
Besides, there is one fundamental error involved in this
Then since the policy of restriction in 1884 had borne
most heavily upon the Reading and that road was dissatis- method of dealing with the question; it is the assumption
that the Pennsylvania Railroad is not a producer of coal,
fied, to appease it the Lackawanna apparently consented
\o
transfer to
it
about 400,000 tons of
its
own
ton-
but simply a carrier.
rooted, and apparently
This
is
an error that
difficult to eradicate.
is
very deeply
has found
It
and this being done, the proportions of the other
were fixed upon without much difficulty by using the endless repetition, and is iterated and reiterated in various
of
agures of 1884 with but slight alterations.
But the com- publications. Now, the Pennsylvania U a producer
small
a
only
The fact is,
Dination also decided to divide the 30 millions production coal, and a very heavy one, too.
secured from
igreed upon into stated amounts of so much per month, part of the company's anthracite tonnage is
mined under
is
proportion
rarying according to the seasons.
For instance, it was outside operators the largest
to esuUtsk
undertook
We
lecided that in January and February the output should the company's own auspices.
Tiage,
lines
;
-
.
THE CHRONICLE
108
this
two weeks ago, but
that the reverse
view of the widespread notion
in
the case,
is
we give here the full details bear-
We
ing upon this branch of the subject.
The Pennsylvania
to the value of the statement.
con-
anthracite-producing companies, and
directly four
trols
have succeeded,
1884, which adds greatly
too, in obtaining the figures for
The gross amounts for 1884 (that is the total product
including British Columbia and west coast of Mexico,) Mr.
Valentine divides as below between gold, silver, &c.
Gold....
Silver...
30»Ojoo per cent.
5390i(^ per cent.
Copper.
7"ioo per cent.
Lead
80*100 per cent.
subjoined are their names and a record of their output for
The
five years.
figures are all
official,
and those
[Vol. XL.
$26,256,542
45,799,069
6,086,252
6,334,091
Total.
$84,975,954
for 1884
above
If to the
have not been published before.
total gold production in the States
and
Territories west of the Missouri River (which, as will be
Tbns Minea.
Pennsylvania Rail/road
Coal Companies.
SoBquehanna Coal Co
. .
RR
Co.
LykeuB Valley Coal
Co..
Summit Branch
Mineral
1884.
1888.
1,897,729
1,117,015
364,545
185,922
401.891
339,942
178,315
489,824
2,250,087
2,075,096
RR 4 Min'g Co.
Total
seen,
1882.
i
188«.
1881.
904,192
317,914
167,785
418,881
851,971
256,390
772,422
230.9HS
178,990
439,078
171,417
885,879
1,806,222
1,721,489
1,560,-«I6
given at
is
we add say about
$25,183,567),
hundred thousand
six
dollars for States east of the Missouri
River, we find our gold production has now been reduced
below 26 mUlion dollars, while the silver production is again
increasing, reaching for
1884 a total of about 43i million
should be said in passing that the Mint Bureau
figures of gold production, are always somewhat larger
dollars.
It
Hence, in the year 1884 the companies operated in the
Pennsylvania interest mined over two and a quarter million than' Mr. Valentine's. Thus last year (1883) the Mint
By looking at the figures in the gave the total at 30 million dollars; whereas in the above
tons of anthracite coal.
first table above it will be seen that the total tonnage of the for the same year the amount is $27,816,640.
Of course
company in the same year was 3,169,28'? tons that is, con- the Director of the Mint includes States east of the Mis-
—
siderably less than one-third
Now, supposing
came from
that arrangements could be
long as the other two-thirds wei'e
is
to be
done
made with
what would
these latter, constituting one-third,
But what
outside operators.
left
out
it
all
avail so
?
First, recognize the fact that
?
come
souri,
which
in 1883 contributed about
duction, and
it is
$500,000 to the pro-
for the purpose of bringing the
two
esti-
mates as nearly into accord as possible that we have added
to Mr. Valentine's total for 1884 six hundred thousand
dollars
for
those
A
States.
short
time since there
and that plans was always a very wide disagreement between these
must be made without it. Second, recognize the needs of two authorities.
Those most familiar with the subject,
the situation and supply the public with cheap coal. This and notably our bullion brokers, have however never aclatter is imperative before any recovery in business can be cepted the Mint's larger estimates.
It is very satisfactory,
expected.
Lastly, prepare to meet the competition of soft therefore, to note that this difference is growing to be
This should have been done before, but it is not too much less than formerly, more especially as recent discoal.
late yet, though the effort will prove more difficult than it closures fully sustain Mr. Valentine's methods.
A good
would have a year ago. Profits may temporarily be illustration of this latter assertion is contained in the folreduced under such a policy as this, but it is the only solulowing statement, giving the Mint figures under Mr.
tion of the existing difficulty on a sure basis. Restrictions
under his predecessor in office, Dr.
and combinations never work well in times of diminished Burchard and those
side with Mr. Valentine's annual
Linderman,
side
by
consumption and though for a brief period the existing
status might be maintained, sooner or later a readjustment returns.
in the way suggested would be forced upon the companies
the Pennsylvania interest will not
in
;
Mr. Valentine's
Estimates.
as a matter of self-preservation.
GOLD PRODUCTION AND DISTRIBUTION.
Gold prodcction.
—
I
25,183.567
1884
1883
1882
the Director of the Mint, and given in his last annual report.
Total from 1880 to 1884.
results of his investigations are valuable in themselves
also
otherwise
because so suggestive.
useful
their importance becomes the
more obvious
But
in the light of
the latest information respecting production.
^
1881
&
Co., covering
the
yield
of gold
and
silver for 1884.
80,000,000
80.653.959
84.700,000
82.500,000
82,559.067
36,000,000
160,200,000
31,470,262
38,899,858
37,576,030
44,880,223
51,206,360
46,897.890
42,886,935
S9,l<29,16«
89,968,194
83,467,856
1879
1878
1877
1876
1875
1874
88,466,488
33,490,902
380,472,683
404.091.582
160.200,000
38.889,868
50.226.10?
45,100,000
46,750,000
40.000,000
40,000,000
I
421.175,966
1884 are not made up yet, but we
cetimate them at $27,000,000,- on the basis of last year's excess over
*
On this la'ter point we have received this week the
annual statement of Mr. Valentine, of Messrs. Wells, Fargo
Dr.
27,000.000»
27,816,640
29,011,318
145,224.551
1880
Total 1874 to 1884.
PRODUCTION OF GOLD AND SILVER.
Estimate ROld
production by
Linderman,
Director of Mint.
Gold production
Mexico.
Year.
The first really valuable contribution to the
world's knowledge on the point of consumption is the facts
with regard to the United States collected by Mr. Burchard,
The
and
Net production
United States
after deducting by Mr. Barcbard,
Br. Columbia and Director of Mint.
There are two features in the statistics of gold supply
which are attracting chief attention just now one is the
decreasing production and the other the increasing consumption.
Mint Bnreau'B Estimates.
The figures of Mr. Burchard
for
Mr. Valentine's estimate.
In explanation of the above,
it
is
necessary to say:
(1)
These compilations made by Mr. Valentine have always That Mr. Burchard, the present Director of the Mint, was
been received with great confidence by the trade, and appointed to that position in 1878-9, and that Dr. Linundoubtedly furnish as correct an indication of the pro- derman was the Director of the Mint for many years preduction of the United States as it is possible to secure. vious. That Mr. Burchard during his first year in office
(see page 19 of his report for 1879) repudiated and revised
His total figures since 1880 are as follows.
the estimates made by Dr. Linderman for the years 1874 to
The Net Products
Product,
iaclading
deducting
British Col-
umbla and
umbia and
Mexico.
Oklendar
am'ts from
Year.
Mexico.
1880
1881
1882
1883
1884...,,,
of the States and Terri-
tories west of the Missouri River, exclusive
of British Columbia and West Coast of
Mexico.
,
Lead.
Copper.
Silver.
Gold.
»898,000
»38,033,055
$32,559,097
15,712, 300
8,008,155
1,195.000
4,055,037
90,313,1(12
t77,23J,512
81,198,474
89,207,519
84,639,312
8,I63,.'i50
5,6!J3,921
84.975.954
81.6?I3,835
6.8.S4,n91
8,016,252
t80,ie7,93a
84,504,417
92,411,885
6,361,902
42,987,613
48,133,039
42,975,101
43.529.925
80,653,959
29,011.318
27,816,040
25.18.<).567
1878
inclusive, fixing
them
as
they are given for those
years in the column headed with Mr. Burchard's name.
Bur^
(2) In the last column we repeat the total of Mr.
and then add for comparLinderman for previous
years made by him while Director of the Mint and
chard's
ison
figures
since
1879
the annual estimate
of Dr.
published each year in his annual report.
Presented
d
.
Januart
in
tliis
THE CHRONICLE.
24, 1885.]
form, no reader can hesitate whiclx authority to
That the Mint
accept.
cannot be foUowod
report.?
ficiently e\'ident in the fact that
is suf-
Mr. Burchard, the present
With
economy.
be interested
B
lio
these suggestions in
in the details of the
mind the reader will
reached by Mr.
results
rchard, which are as follows.
Director, says his predecessor's figures are all wrong, while
Mr. liurchard, in attempting to correct the errors
109
OOLU MAITDFACTIIRBD
has
TUB UHITEO STATU).
tN
The Kind
of Oold Ua«d.
discovered, furnishes other estimates indicating such a mar-
any one
velous variation in annual production, that
Stamp'
acr
ManufaotniM.
«
quainted with mining history rejects them at once.
the most decisive fact about
it
all
is,
that
But
one adds up
if
(from 1874 to 1873 inclusive) of new
the five years
esti-
a
«
fi7B,SI2 2,97e,iS«0
Watch obsIlM
374,907
700
14,078
88
14
..
mates made by Mr. Burchard in 1879, the total will be
found to differ only about one million dollars from the
Fens
14
Instruments...
4S
made by Mr.
Leaf
61
178.4241
219
41
27
379,291
102,400
total of
the old estimates for the same years
Valentine the
first
of each January, although each of Mr.
a marked manner
Burchard's new annual totals varies in
from Mr. Valentine's for the corresponding year.
All this
7
Plato
Spectadea
Chemicals
Jew'Iryt watchmakers' sup-
!
1,007
88,4.37
792,561
67.928
7,169
8,776
6,100
3,668
67.498
6,500
8,830
7,886
8,661
7,438
%
t
520
6.817 84!W,aoe
600 186,410 27,202
827,000
ijsoe
88,101
t8e,8S4
S0,S2S
Total
Oold.
*
*
$
Wiitahouea....
DentAl supplies
NatlT* Wire
Old
or
C.8. or Jewol- For'ini Nng'ta
Coin.
Boiled
Rean'rjr
ho.
rr, *o.
Plate.
Bars.
ColnT
8T,»ia
145,924
6.227
2.134
621
27,860
942
5,]M
6,81»
6,700
8,938
4.087
42.88e
66,626
1,00439*
690
727
207 12,180
M6,488
1,816
660
628,868
81,611
1,669 80,064
24,498
9,128
19Xa
piles
makes necessary a revision
Jewelry and
2,273 3,127,381 2,861,249 738,688 177,794 611,300 468,746 7.906,168
of former results based upon these erroneous Mint estiwatches ....
3,734 4.675,587 7.137,781 876,641 194,400 702,887 672,688 14.459,464
Total..
mates of production, which revision we Lave made in our
If the above is a correct return from 2,734 manutables further below.
facturers, we are certainly within bounds in claiming
CONSUMPTION OP GOLD IN THE UNITED STATES.
that the United States is consuming on the average more
Assuming, then, that the gold production of the United
than 15 millions of gold (in that, of course, we do not
is
important chiefly because
States
in
1.3,1
it
1884 has not exceeded 26 million
dollars,
the
great decline which has taken place within a short time in
include old material) every year.
STOCK OP GOLD IN THE UNITED STATES.
the American contribution to the world's stock of this
precious metal would be apparent even
if all
With
of the year's
the light thus obtained on these two points of
consumption and production, we are in a position to indiwere available as a basis for the world's currency.
cate more accurately than has been done before, the stock
But the recent investigations of Mr. Burchard show
We attempted this a short
of gold now in the country.
that certainly not more than 42 per cent, or say 1 1 million
time since, but as these figures of production bring us down
dollars, can have been used for currency purposes, the
to January, 1885, it seems desirable to revise the statement so
remainder having been consumed in the United States in
recently published, although we shall have to' repeat in part
the arts and manufactures.
As this point is of wide interwhat we then said. Our inquiry starts with the stock of gold
est, we copy from the last Mint report the statement of
on hand July 1, 1878, that being six months before specie
Mr. Burchard on the subject, although we have published
payments were established. At that date the Treasuryand remarked upon it on a previous occasion. The italics
held of gold (less gold certificates) $103,562,000, and the
are our own.
banks, including certificates, held of gold and silver only
yield
" For the purpose of obtaining more complete information in regard to
use of the precious metals in the arts and oi-namentation, circular
" letters to the namher of 7,969 were again sent to all persons and
"
tlie
" /Jrnts in the United States, ifAose address could 6e ofttotnerf, reported
" to he u.sing and consuming the precious metals for industrial pur" poses. To these letters 5,418 replies were reoelTed, wlilch showed the
' consumption by 2,734 persons and Arms engaged in the manufacturing
" or the repair of articles of ornamentation and use of nearly $14,500," 000 worth of gold and over $5,500,000 worth of silver, a total of over
" $20,000,000. This is an increase of $7,000,000 over that reported in
" 1882, when, however, les> than half as many persons and firms
"
reported."
Notice the conclusions this statement brings us
The Director
to.
(1)
of the Mint does not assume to have written
millions, not altogether
30^
there could have been very
and every one knew that gold was certain
be at par soon, thus affording every inducement for
Besides, banks theA
holders of gold to sell their stock.
ally lessening,
to
kept special gold deposits, so that any one desiring to retain gold in any considerable amounts would naturally
make them the custodian
both risk and expense.
there
is
simply says that he sent his
whose address he could obtain; and as
an e.xtensive body of small consumers, while the
uses in the arts to which
it is
put are quite numerous,
easy to believe that he has omitted many.
he sent out 7,960
letters
received only 5,418
to
the
it is
Then again
(2)
users of this
metal and
period of inflation and
very high gold premium, and under the influence of the
resumption movement the premium was seen to be gradu-
circular
those
hands of the people
in the
We had just^een through a
then.
to all manufacturers, for he
to
over 125 millions of gold, and
little
It
—
for the
owner was thus saved
cannot therefore be presumed that
the people held gold outside of bank in any considerable
amount. If we should put the total at 25 millions so held
it
would seem to be ample to cover
away
in private corners.
Or, as
all
we
possible hoards hid
desire to err on the
only two-thirds of liberal side, let us call it 50 millions, which would give us
Then he adds that those a stock of say 175 millions on the first of July, 1878.
replying reported 14^ million dollars consumed in their
Starting, then, with this stock, and calling the consumpestablishments during the year; what the other third which tion 15 millions annually since.that date, and using Mr.
did not reply used, or what should be allowed for those he Valentine's figures of production after adding an average
did not address, is of course mere conjecture.
(4) He of four hundred thousand dollars a year for mines East of
replies,
the firms addressed replied.
states,
when
over
or say
(3)
however, that on a similar inquiry
less
7
than half as
many
made
in
1882
reported as now, he found
millions less gold consumed,
which
fact
would seem
adding several millions to tie 14^ millions,
include those who are unresponsive and those
to justify us in
if
we would
unaddrossed on
inquiry
this occasion. (5) Finally,
Mr. Burchard's
depression, when the
purchase of such articles as watches and jewelry must
covers a year of business
have been restricted, as they belong to a class of luxuries
which must always be first given up in a pariod of enforced
the Missouri River,
total
amount
we
reach the following result as to the
of gold in the United States Jan.
1378
Net import from July
1,
ProdncUonfrom July
1,
.stock .Tuly 1,
1878, to Jan. 1,1885
1873, to Jan. 1, 1885
Total supply
six and a half years manufaotore
Deduct
Leaving In United States Jan.
I,
1885
1,
1885.
$175,000,000
182,927,090
193.000,000
$555,927,090
97,500,000
$453,427,090
That the above ($458,427,090) is an extreme estimated!
the stock of gold in the United States, is evident from what
.
THE CHEONICLE.
110
has been said above. The
ber,
1884 (that
is
visible
supply on the
the latest date for which
it
first
of Octo-
can be made
Government
the
(3)
deposits
[Vol. XL.
the
in
export
Mint,
and (4)
from the
figures,
the
data
the
two
Government sources furnishing, as already stated, no
accurately, as there are no bank returns corresponding latter
with the date of the Treasury returns since then), was confirmation of the previously-named estimates. Eevising
268 million dollars. With, then, a total stock of then, the figures for the United States in our table of the
458^ millions, there would be left in the hands of the world's production back to 1870, and leaving the contribu-
up
people Jan.
1,
1885, say 190^millioj^dollars
—a very large
estimate considering (1) that so very little gold is ever met
with in one's daily business transactions, and (2) that no
other countries as given in our annual review for
tion of
previous years, the following results are reached as to the
We
total production since 1857.
give the statement in
bank
of
pounds
sterling, calculated at five dollars to the pound.
aggregate
accumulation of gold takes place in the
and Treasury holdings at the present time, when all kinds
3
Producti'n
of paper currency are accumulating so largely, because
Produc-
Gold.
incomes are greatly shortened and industrial inactivity
reduces the people's currency requirements.
iu U. States
tioQ in
(Mint esti
mate.)
Australia.
Produc-
Producti'n
tion iu
in Otlier
Couutries.
Russia.
£
£
1857.
THE world's supply AND STOCK OF GOLD.
What
all
has been said shows
how important
is
that
estimates of the world's gold production during former
£
£
1861.
12,096,000 11,000,000
12.762,000 10,000,000
12,801,000 10,000,000
11,838,00(1 9.200.000
12,tib5,000 8,600.000
Total '57-61
62,192,000 43,800,000 16,192,000 12,500,000 139,684.000
18.=i8
.
1859
it
Total
Productiou
in World.
18tiO.
and of the present supply of that metal, should be
1862.
thoroughly revised. Carelessly made compilations were 1863.
3,549.000
29,145,000
28,716,000
28.517,000
26,591,000
26,715,000
2,500,000
2,500,000
2,500,000
2.500,000
2,500,000
3,4.'j4,000
3,156,000
3.(153,000
2,980,000
years,
well enough in days gone by,
when
was
it
very
really of
importance whether they were right or wrong, and
they have been repeated until age has given them a kind
Now, however, the nations of Europe are
of respectability.
little
making the attempt to contract the medium of the world's
exchanges, by forcing commerce on to a single gold basis, and
thereby rob
it
of one half the currency
it
formerly used
and needed. Is it not therefore very desirable that
we take an accurate account of stock and of supply,
rejecting all those fanciful exaggerated totals which it has
BO long been popular to put afloat.
Take the United States as an illustration. In 1876 a
select committee was appointed by the House of Commons
"to consider and report upon the causes of the depreciation
"of silver, &c.," having " power to send for persons, papers
"and records." Under this authority the committee went
records" they obto work, and among other valuable (V)
tained, was a compilation from Dr. Linderman, Director of
the United States Mint (see page 138 of the committee's
report), giving an estimate of the gold production of the
United States from 1845 to 1875, both inclusive. The
House of Commons committee of course accepted that
statement,
it
having
apparently the
sanction
of
our Government, as being correct, and since that
statisticians
everywhere
date
have
based
their
estimates
upon
it.
And yet
there
probably
never was a column of figures issued by a government
•'
containing so
much
inaccuracy as that contains.
the years (1874 and 1875) included
in
Dr.
Two
of
Linderman's
statement, and the two which were the most recent
when
the
2,500,000
2,500,000
2,500,000
2,500,000
2,500.000
9,20li.000i 2,802,000
11, 80.^5,000 10,645 000! 3,227,000
12,529,000 10,700,0001 3,397,000
Total '62-66. 61,994,000 46,385,000 15,464,000
1867.
1868.
1869.
1870.
1871.
10,583,000
11,051,000
11,382,000
9,237,000
9,605,000
1
3,377.000
3,503.000
4,108,000
4,414.000
4,913,000
io..'?45,ooo;
9,600,000
9,900,000
6,810,000
6,940,000
26,263,000
26,491,000
26,286,000
28,177,000
29,l'26,tOO
2,500,000 1.36,343,000
1
2.500,000; 26,805.000
20.654,000
27,890,000
22,061,000
23,958,000
2,500.000
2.500,000
2.500,000
2,500,000
Total '67-71 51,858,000 43,595,000 20,315,0001 12,500,000 128,268,000
1872
7,695,000 4.771,000
7.901,000,* 4,500,000
7,753,000 4,035,000
8,054,000*4,500,000
8,1)37,000 4,500,000
8,841,000
10,609.000
8.250,000
8,250,000
7,243,000
1(^73
1874
1875
1876
2,S00,000l 23,807,000
2,500,0001 25,510.000
22,538.000
2,SO<1,000(
2,!>00,0001
2.1,304,000
2,500,000
22,880,000
5,625,000i 2,232,000
5,78.i,000 2,246,000
23,920 965
21.719,122
20,817,519
21,095,819
19,901,664
Total '72-76. 43,193,000
1877
1878
1879
1880
7,027,965
6.113,122
5,968,519
1881
6,069,396
9.036,000
7,575,000
6,354,000
6,572,000
6,191,000
5,913. H19
5,899,000
5,899,000
4,874,268
2.596,000
2,711,CO0
2,767.000
Total '77-81. 31,092.821 i35,728,"j00 23,082,268,12,552,000 107,455,089
1882
1883
1884
•
4,773,587
4,681,000
4.631.000
5,862,000
5,989,479
5,401,000' 5.660,000
5.200,000
5.401,000
19,345,066
18.392,000
2,720.000
2,650,000
2,650,000
17.93'2,000
Estimated.
fljcures iu Column 1 for tie first ten years are net exports
takeufromtlie Statistical Abstract f r tUe Colonies added to the total
coinage of the Sydney Miut; for next five year.s they are the uet exports
abided to three-fourths of the coinage of the Sydney Mint from 1872
(wheu the Melbourne Mint was opened) to 1870 wo adii to the net oxmillion pounds sterling for amount kept for circulation
ports about
and consumption. This mode cf reaching production is the same iu
substance as adopted by the Silver Committee of the House of Commons
in 1876, and seems more reliable in result thau the gross estimates
For subsequent years the figures are the
whicli have been made.
Note.— Tlie
<
;
m
reported actual production.
Tlie figures in Column 2 are (down to and including 1869) the Mint
estimate a.s sent to tlie Parliamentary Silver Committee in 1876. Since
that date they are Mr. Valentine's figures, with (for States eatt of the
Mis.souri Kiver) an addition of $600,000 in 1884, of $500,000 in 1883,
and $300,000 each previous year.
Tlie figures in Column 3 and 4 (down to and including 1875) are from
information supplied to the Parliamentary Silver Commission. Since that
date they are tlie figures obtained by Mr. Burchard of the United State*
Mint.
The above shows how rapidly our gold supply is
he prepared them, and therefore presumably the nearest
And
Mr. Burchard revised in 1879, as we have stated
able
above, and deducted about
seven
million
dollars
have
from
each
year's
Furthermore,
total.
13,003,000
11,724,000
18o4.
1865.
1866.
ing.
right,
7.810,0001 2,990,000
8.000,000; 2.988,000
12,93.'?,000
contract-
In 1884 the total does not reach 90 million dollars.
even
of
for
the
already
that
consider
currencies
seen
that
of
how
little
according
to
avail-
is
world
the
Mr.
!
We
Burch-
esti-
the United States takes for manufacture
mates are discredited by Mr. Valentine's reports, which ard's census
For
annually at least 15 million dollars out of its supply.
go back to 1870, and furnish annual totals very conother countries there are very few statistics of consumption
siderably less, averaging for instance for the two years
obtainable; but is not that a branch of this inquiry which
1870 and 1871 about 34 million dollars, against Dr. Lindeserves serious attention? The amount which is so used in
derman's average of 47 million dollars. And finally the
of a very large total for the whole
Linderman statement is discredited by our trade figures America is suggestive
world.
of gold imports and exports, some of its inaccuracies being
made
especially plain
by comparison with the record
of
exports for the ten years prior to 1862.
Still
we cannot now
in
our revision attempt to go back of
POSITION OF PHILADELPHIA d- BEADING
GENERAL MORTGAGE BONDS.
1870, where Mr. Valentine's record begins. Previous to that
The various schemes for the reorganization of the Philathe delphia & Reading Railroad all depend more or less for
San Francisco newspapers, (2) Dr. Linderman and Prof. their success. upon the indulgence and disposition of the
Raymond's estimates before referred to, which tub general mortgage bondholders. The intentions of these
whether suffiBtantially
follow
the
San
Francisco
estimates. bondholders, their lien upon the property
period the only data
we have
are estimates
made by
(I)
—
Jandakt
84, 18t0.]
bonds issued
cient to secure the
— their
THE CHRONICLK
willingness
make creditors— indeed
—
these engage
all
much
well that they will
they appreciate the risks they run so
take such paper only at a very heavy
" shave" usually.
This being
to
concessions in the interest of junior bondholders and stockholders;
HI
But the
attention now.
so,
what reaeon
is
there for
main question of all, the general mortgage bondholders according exceptional protection to debts of this kind,
must answer themselves, namely, whether they shall pro- and subordinating or seeking to subordinate the claims or
ceed to foreclosure to protect their rights, or, waiving fore- liens of mortgage bondholders ? We know that the plea
almost always, that the floating
debt is secured by
which
are
essential
to
the
preservation of the
Can
otherwise.
must
and
which
therefore
be
saved at all hazard.
property,
in
the
undisturbed
hands
of
leaving
it
themselves, or by
those that have managed it in the past, and have brought But the plea to be effective should be supported by proof
that is the point they have to consider. in the case of each individual piece of indebtedness of this
It to its present pass
The plan of reorganization that commands most atten- description, and the bondholders be allowed to determine
tion is, of course, that of the Whelen Committee, to which whether a given species of collateral should be protected
we referred last week. The main features of this are that or not. It is time that the rights and privileges accorded
the general mortgage bondholders shall fund half of their by a mortgage lien were clearly recognized and respected,
accept some plan of funding, favorable or
closure, shall
they do better by taking the property
is,
collateral
—
coupons for three years,
reduced, and
income bonds.
that
rentals
certain
When
writing a week ago,
figures to enable us to determine
be
shall
junior bonds shall be exchanged
that
into
wo had not
the
the effects of this plan in
and the
seal of disapproval
put upon any and
all
attempts to
disregard or impair them.
In the present case, even
the general mortgage bond-
if
holders should grant the concessions asked, and the hold-
bonds accept income bonds, the floating
The scheme of placing a collateral
ble to discuss that plan intelligently.
It appears that the loan at 5 per cent seems for the time being at least visionthat is on the securities which the company has to
total reductions in interest and rentals (not counting the ary
And so long as this incubus of 23 millions floating
Central of New Jersey) would reach $2,608,402 per year, offer.
of which $233,156 would be permanent
tliat is, the latter debt hangs over it, the position of the company would bo
represents charges cut down, while the former amount repre- weak, uncertain and unsafe, its credit poor, its securities
sents charges that are no longer obligatory, but dependent subject to great fluctuations, and the bondholders as far
simply upon earnings.
On this basis, therefore, the posi- removed from reasonable stability for their investment as
reducing the charges, but have
now
received
a detailed
statement of the changes proposed, which makes
it
possi-
ers of junior
debt would remain.
—
—
tion of the
company would be something
Total flied cli.irges in year 1884
Periuanent rediiciions to be effected
Charges to be dependent upon earnings
$16,874,453
$233 ,156
2,375,216—
Leaving the cish call for interest and rentals
Actual net earnings in 1884
2,608,402
$14,266,031
13,519,202
Deficiency
$746,849
But
this is
tral of
New
On
on the assumption that the rental on the Cen
Jersey will be paid in full, dividend and all.
-
that assumption, of course, the sole
scheme would be that
to the
it is
it is
and
Gowen
that even Mr.
proposes
fatal objection
But
The mos t
entirely inadequate.
not intended to pay the dividend in
full.
that half of
is
it
shall
be
paid in cash, the rest in scrip, while the committee proposes that only so
On
earns.
much
shall
be paid as the road actually
the latter plan, as the road did not even meet
fixed charges
cent dividend
in
amount
1884, the whole
— $1,113,792 —would
of the six per
be saved the Reading,
and instead of the deficiency of $746,849 above, there
would be a surplus of $366,943. If Mr. Gowen's idea
were carried out and 3 per cent paid, a deficiency would
remain,
still
only
it
would be
$179,953,
instead
o^
$746,849.
It
should be said,
charges no
less
the floating debt, and
ulary in cash.
however,
than $915,872
That
that in the
estimate of
included as interest on
the theory
be paid reg.
we think, the strongest argument
this,
is,
is
is,
shall
made against the scheme. The holders of
about twenty millions of demand debt, created subsequent
that can be
to the
Then
now.
like this.
mortgage bonds and having no direct lien upon the
by it given preference to the holders of the
it will be observed that
the leeway between
and earnings even with the Central New
charges
Jersey rental omitted altogether,
To be
sure,
the
is
slight
—only $366,000.
earnings last year were very small, and
the policy of periodical restrictions proved very onerous, but
what
if
under the lower prices for coal which are likely to
no better ? Experience
rule this year, the result should be
has demonstrated
improvements and additions are
from time to time, no matter how comthat
essential to a road,
may be. Now the money necessary for this
how would the Reading secure it ? Its fixed'
plete the road
purpose,
all the earnings, and the 23 millions
would press heavily upon it and interfere
with its borrowing the necessary funds. In this contingency, too, what certainty would there be that even the
half interest on the general mortgage bonds would be
promptly and regularly met ?
Bui the bondholders of course always have the alternative to foreclose the mortgage and take possession of the
"What would be their position in that event ?
property.
The statement from Philadelphia anticipated this question,
and presents the following as the status of affairs should
charges would require
of floating debt
foreclosure be enforced.
1. Prior mortgages ot Railroad company
2. Divisional mortgages of Coal company
3. Bonds and mortgages on real estate, both companies
Total
$24,686,000
General mortgage bonds
1 ,770,000
General scrip and interest
$20,000,000
Floating debt
Less secured by bonds subse5,000,000- 15.000,000
quent in lien to gen'l mtge .
Receivers' obligations
3,100,000-
and interest...
property, are
general
bonds.
Indeed,
these latter are asked to yield
$765,580 of interest per year
— that being the amount
— for three years, for
$33,421,700
12,494,000
2,959,543
$4e,»75,24S
44.556,000
$ 93,431.243
$13,519,202
Total net earnings for 1884
500,000— $13,019,202
Lees int. and dividenas on securities owned.
4,500,000
Lees net earnings of leased lines, not included above..
saved by funding half the coupons
no other purpose apparently than that the amount can
be applied to paying the interest on the company's floating
rentals
Lesa
Net
liabilities.
"We
$8,519,202
Total fixed charges (prior to gen. mort.) and
Int.
and dividends on
profit*
remaining
securities
(equal to
owned.
47
$6,918,840
500,000-
$2,100,362
1(44,556,000 given)
we have little patience with the atcommon now to treat ordinary demand debts
confess
6,418,840
per cent on the
This Statement has evidently been
made up on
the least
had been prefrom
bondholders
as supenor to mortgage liens.
dissuading
idea
the
of
In accepting a company's pared with
notes or other d emand obligations, holders know full well attempted foreclosure.
It figures up about 4f per cent
But instead
the character of their claims as respects other and secured for the bonds in the contingency supposed.
tempts
so
favorable basis possible, and looks as
if
it
...
THE CHRONICLE.
112
[Vol. XL.
argument against enforcing the remedy which impossible, to determine, or whether it is the commencement
of an era of renewed prosperity, will no doubt be speedily set"
the mortgage gives, it is really a strong argument in favor
tied.
For the moment, unquestionably, a healthier tone premillions
Note that in this exhibit the 23
of such a plan.
vails, but it would be entertaining too sanguine views as to
floating debt (all but five millions, which are given a£ the immediate future to expect that we are about to emerge
being secured by securities subsequent in lien to the gen- .suddenly from the long drawn-out period of gloominess and
eral mortgage) is placed on the same footing as the gen- depression. Were confidence suddenly restored— and it is
equally rapidly develop. As it is. thp
This is certainly better than giving not speculation might
eral mortgage itself.
progress towards recovery is more likely to be very gradual,
in
the
proposed
preference,
as
creditors
a
the floating debt
and it will be an agreeable surprise if that does not turn out
But it
various funding plans that have been submitted.
to be the case. Corn, iron and steel have all hardened, the
is not at all clear that the bondholders would be obliged former appreciably, and at time of writing all are certainly
They could simply allow the steady in value; but Mincing Line remains as heretofore a
to go even as far as this.
floating debt creditors to take the collateral securing the weak point. The produce markets will certainly still require
of being an
—
Of course that would not apply
debt.
to the 3 millions of
receivers' certificates included, nor to the
wages, supplies, &c., but
least
at
stricken off in that way, and this
amounts due for
millions would be
10
would naturally improve
however, as
tory
bonds and floating debt alike^
done, the showiHg is far from unsatisfacthe
treating
or
maining
is
discouraging.
For
arrived
after
is
at
(even
description
of every
sylvania and the Delaware
New
Central of
allowing
per
for
as the
&
cent
re-
leases
all
North Penn.
& Bound Brook) except
& Lehigh
Jersey, the Schuylkill
Sharaokin Sunbury
only the
if
So
only $107,315.
say that with the whole of the Reading prop-
erty preserved substantially intact and all the lease obligations except Central New Jersey recognized, and the
floating debt raised to the
level of
the mortgage bonds,
the latter could in an extraordinarily bad year earn 4^
per cent for their holders. The funding scheme offers the
bondholders only 3 or
which,
it is
3|-
—a
The bondholders would get the
moreover, subject to only $48,875,243 prior
property,
liens
per cent cash for three years,
thus seen, they could improve upon in any
event under foreclosure.
property that has cost more than three times
—and
the securities released by the floating
some 23 millions par value in amount, (not counting,
of course, the junior bonds held as security for the 5 mil
lions of debt that would be extinguished) would also pass
Altogether we do not see why the
into their possession.
that
sum
debt,
general mortgage
bondholders should not demand
more favorable terms than those offered, and
them to the extent of enforcing the penalty if
Bate.
Time.
Ottr-
Amstordam.
Short.
122
Amsterdaiu. 3 mos. 12-438
Hamburg
•20-63
.
9
a
»
20-69 9
20-69 a
12-51J4®
Berlin
Frankfort...
Vienna
12-5II4®
Antweri).
Checks 25-35 -SI
Paris
3 mos. 25-53 »
Paris
243g9
St. Potersb'g
25-70 ®
Genoa
25-70 a
Naples
4618 -I*
Madrid
. .
Cadiz
46>e'a
Liiabon
5158®
„.
^•^
Constant'ple
York... GO days
Bombay
dem'nd
Calcutta
Hong Kong,
eiiangbal
Is 7B,6d.
Is. 75l6d.
That there is an abundance of money
lying idle at the present moment is clearly shown by the liberal subscriptions to the New Zealand 4 per cent loan for
Rates for money here are quotably higher than in
£1,000,000.
the leading continental centres, but it is a cm'ious fact that we
for deposits at notice.
any gold from thence. In fact the bullion
movements recently with all parts have been insignificant.
This week's Bank return contained no feature of importance.
The changes were merely those incidental to the time of year.
The usual demand for temporary loans had the effect of swell
ing the total of "other securities" by about £2,397,000, but the
bulk of this appeared on the other side of the account as an
increase of £1,873,000 in private deposits. The stock of bullion
is now £20,732,000 and the reserve of notes and coin £11,374, 468The proportion of reserve to liabilities stands at 33'13 per cent'
or practically the same as last week.
The following are the present prices for money.
receive scarcely
Open market
1
6 S
"
12 5
" 1» »
" 24 IS
Jan-. 2 5
"
9, 5
refused.
R>W
Three
Trade
|
Six
UotMu
Bills.
IHac't
4H3 -
3'4®
3-k;®
3)4®
-4 ® -'4M®
mi SH-sa
s«
3«
3V
SH
an
SH
- 3H» -\i%9 -14«4 -|35«® -
- SU» -
Wse
Joint
At 7(0 14
Jbur
Six
Stock
Three
Months Months Months Banks. VaU. Dant.
3«33Ji 5i®^|4 »i^sH®3n
H6»- sSasS
4«®- 4Ma - 3H-i - iH'B -i4«a - 4 ® 4 ®- 3%®- sn® - 4H® - 4V«® - SH9 4«® - 4 ® - 8«® - 4K® - 4Ma - 3«® -'85<®l
4
4
4M-454
4
4Ji-4X
4
i^^m
iyi-4ii
3WI3!K-8«
The Bank rate of discount and open market rates at the
chief Continental cities now and for the previous three weeks
have been as follows:
.
SaU.
Janiiarv
8.
Becerriber 34.
December
Bank
Bank
18,
Bates of
Jan.
8 Short.
12-12
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
3 mos.
20-56
20-48
20-58
12-34
25 33
Short.
Checks
25-32ifl
Jan.
3 mos.
25-40
Jan.
3 mos.
iV'iO
Interest at
Bank
Open
Bank
Bate.
Market
Bate.
2-K
Sii
3
4
4
SH
4
2-5i
4
3
4
Frankfort
Hamburg
Amsterdam
4
3
3'
3
iH
4
3
Brussels
4
SH
4
Madrid
Vienna
4H
St.
3
4
4
3 mos.
60 dys.
tel. tsts
4 mos.
40 00
4-80ia
Is. 7iad.
Is. 73,Bd.
38. 7d.
4«.
4«
4«
4
4
Petersburg.
imd.
In reference
to the state of the
& Abell observe
Bate.
3
4
3
4
4
Paris
Berlin
Open
Market
Copenhagen.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Interest allov/ed
rates.
for deposits by
Bank Bins.
Dec.
From OOP own oorrespondent.!
London, Saturday, Jan. 10, 1885.
The past day or two have developed more activity in com
mercial circles than was considered probable when the state of
Whether the
affairs at the close of 1884 is taken into account.
improvement is merely a spurt, the duration of which it is
[
reduced their rates of allowance on deposits J^ per cent, now
3}4 per cent for money at call and d% per cent if with
notice.
The joint stock banks are still giving the latter figure
upon
Alexandria
Kew
to the increasing difficulty of finding
for balances, the discount houses have
employment
Mtmtht Montlu
insist
BZORANGB ON LONDON
Latest
Date.
suitable
much
BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
SXOBAN0M AT LONDON— Jan. 9.
Owing
foreshadowed.
and the giving
Lewisburg, and the two latter
retained would diminish the result
we may
4'7
the
such
it was a few days ago.
The money market has become quieter. There is a larger
supply of capital offering, and the demand having fallen o£f
rates have given way.
No movement has been made by the
Bank of England, but a reduction at an early period seems
than
the position of the general bonds.
Even
a good deal of careful nursing in order to avert fresh catastrophes. Private arrangements are understood to be unpleasantly frequent, but it is something to know that they are less
numerous and of less importance than they were. Taken altogether; the prospect for an extension of business is brighter
4
Open
Market
Bate.
Open
Market
3
8M
3«
4
3%
2M
4
4
3
4
3H
SH
3M
4«
*H
an
4X
4
4
4
6
6
s
8
5
B
buUion market, Messrs. Pixley
:
Gold —There has been no Contineutal demand during the -week, tlie
only sliipnicnts having been « 11,190 to the West Indies and Buenos
Arres and £511,000 to E;;ypt. The arrivals coni-jri.se £1S,000 from the
The
Brazils auil *S3,940 from the East, making a total of £106,910.
Bank Ua.s received, since our last, £113,000 and lost £55,000 for the
—A further rise In silver has taken place, and the price to-day
be quoted at 50d. The ludian exohaiiges have risen, and there are
other buyers to a limited extent. We have received «'»'"'• *?,?>5'iY
from the United States. The P. & O. steamer has taken £220,000 to
Silver
may
Mexican Dollars.— A few small parcels have been reeeiyed fro-n
The price has slii?htlyimprjved, and is to-day 48=11(1. per oz.
America.
1
w
January
THE gH^tON^pLR
24, 1865.]
The quotations
:
for bullion are reported as follows:
113
.
Wheat—
December,
1883.
1884.
,
Ttar.-
,
18H3.
1884.
Uiilti^lHtatOft—
PTtetof eeU.
Jnn.
d.
1.
77 lOH
of SUvtr.
a
Jan.
d.
•.
BarallTer.flne..oi.
Bar »1lTer,oontalnlnf(6in'K. gold. .01.
on.
Cake allT^r
Mexican doli...oi.
77 lOH
Span, doubloons. 01.
B.Ani.doublooDH.os
To and /mm aU CountrUt.
Imports In Poo.
Imports In yotir.
ExporU
Exports
.
.
.
In Dei'....
III
your..
BILVKK.
Imports In 1)00..
Imports in year..
Bxports In Dec.
Kxiwrls In your.
.
The exports
.
1883.
£
£
601.677
878,610
7.788,809 10.780.8M
748.960
62D.690
7.091,366 12,012.839
421.214
14.S75.414
0.'iS.15«
13.0aa,804
.
1,108,118
9,244.665
878,101
9.468,002
.
760.879
S»«,02«
.
8.965.454
9,S2a,84B
.
BOM
M
of silver to British India
In December
In year
A New
interest
1888.
1883.
£
£
171.880
1,928,460
1,800
39,420
were
follows:
I7n4t«<l
StaUt.
1884.
£
1.155
9.777
5.850
6,07s:,0«4
l()fl.7.V)
1117
9!>7,575
2,183,803
183,861
2.808.548
3,62«,316
48.Ki0
8,882
860,858
1,0
1,340,567
,703,578
Cotton piece gooa«..yil8.4,999.300 3,614,400 62.642,200 53,302.200
Munn picocgowls.. yilB.a,740.500 4,800,900 78,169,400 59,665.200
Woolen fabrlcn
yds. 407,800
290.500
.5,298,000
5,516,500
Worsted fabrics
yda.4, 124,200 2,005,280 37,726,200 35,297,400
The grain trade has become distinctly firmer. The colder
weather, the publication of statistics showing much higher
Btocks than was expected, and the advance reported from
New York, speedily altered the state of the wheat market.
From being quiet and depressed it suddenly acquired strength,
and an advance of 2s. to 3s. per quarter was established. The
top price of town-made flour was advanced 4s., to 37s. per 380
pounds, and other sorts were Is. to 2s. per sack dearer. Maize
WHS firm but not actually higher.
AVERACE PRICES OV HOME-OBOWN WHEAT.
1882.
1884.
£332,800
£329,300
£479,400
5,986,495
6,107,422
7,577,118
minimum
price of 97J^ per cent,
applications were received by
at the
11,270,018
10,293,020
:
1883.
Zealand loan for £1,000,000, bearing 4 per cent
and issued
964,009
1,301,493
EXPORTS TO UNITED STATES.
585*
48 13-10
6.09ii.W3
20.763
92,S0i
818,628
9.601.496
711.289
0.9t- 6,888
980,748
1,342.062
Alt coantrles....^
Ta and from
1884.
owt.3,ie2,596
,821,320
,284,810
.113,998
Kknir—
United Stotea
BOH
727,200 14,2.50.195
680,656 11,806.037
2.995,818 64,080,444
owt.l, 101,916
owt. 308,010
Atlantio porta
i'lirlllc imrta
All I'iMintrten
d.
50
The movements in the precious metals have been as
1SRS.
Dtt. 81.
iL
77
Bar Rold. One.. o>. 77
Bar «old. contaln'u.
aodwtti. Hllvcr.oc.
PrU4
Ow.81.
8.
has been tendered for. The
the Bank of England, and they represented a total of £4,129,700
at prices ranging from £100 to £97 10s. The tenders at £99 6B.6d.
received about 65 per cent of the amount applied for, those
above that price being allotted in full. The average price
obtained for the stock is £99 lOs, Id. This is 2 per cent above the
tender price, and shows how readily good non-speculative
investments are being subscribed for here now,
small loan for £25,000 on account of the city of Auckland,
N. Z., bearing 5 per cent interest, was also offered, the sum
A
1884-85.
: d.
From Sept. 1 to Nov. 29
Week ending December 6
Week ondine Decetnlier 13
Weik ending December 20
Week endini; December 27
Week ending January
3
...,j.ij.:.ji..
....:
;
1889-84.
«.
32 5
30 10
30 10
31 .5
31 5
;..t...'.
,
Average
d.
3111
42 1
40
39 5
39 Z
39
39
32
40 3
and Indian con)
*
are estimated to be afloat to the United Kingdom, Baltic supplie»'
The following
quantities of wheat, flour
not being included
At present.
qrs. 1,878,000
Wheat
_
:
Last ioMik.
1,856.000
Zrul year.
-^0,000
210.000
255,000
181,000
2 10,000
Flour
Indian
I
1882.
2,068.000
220,000
164,500
I,9,'iT,000
213,000
com
The total stocks of wheat in the United Kingdom are estimated at 1,548,000 quarters, against 2,955,000 quarters in Jan-
The actual subscriptions uary, 1884. Annexed are the stocks of grain in London on
being the balance of £200,000.
reached a total of £117,100 at prices ranging from the mini- January 1
1085.
1884.
1885.
1884.
mum of £107 to £110 Is. Tenders at and above £109 received Wheat nrs. 374,962
55,805
993,424 Maize
qra. 19,409
105,513
Tares
2,711
1,779
Barley
122,2:6
cent.
allotments in full and those at £108 17s, 6d., 16 per
9.032
50,711
Malt
6,235
4,316 Linseed
The suspension has been announced of Messrs. F. & J. Oats
24,548
412,039 Kapcaeed
70,.553
525,482
11.685
380
40 Seeds
15,886
Badart Freres, of Lower Ordnance Mills, Rotherhithe, seed Rye
20,685 Flour
bbls.
1,223
3.523
Beans
29,871
339,713
14,365
6,919 Flour. ..sacks. 299,997
crushers and merchants a firm established in 1856. The Peas
liabilities are estimated at £300,000 to £400,000, the greater part
The following return shows the extent of the imports of
of which are covered by produce or otherwise secured. The cereal produce into the United Kingdom during the first eightsuspension of a discount house in London is still talked about
teen weeks of the season, the sales and average prices of
but no actual suspension is apprehended, and even if it did home-grown produce for the same period, and other item.s, comtake place the effect would be slight, the operations of the pared with last season:
IMPOBTS.
firm having been considerably reduced of late. There is some
1883-1.
1882-3.
1881-2.
1881-5.
idle talk of turning the affair into a company, which certainly Wheat
owt. 17,112,295 22,559,364 25,131,686 22,459,8150
8,.'>77,710
7,450,389
5,370.340
Barley
7,137,502
could not be supported with present knowledge.
520.044
5,74*.789
0,554,790
4,234.816
Oats
The dividend announcements by the leading joint stock Peas
fi^,309
766,514
815,054
829,657
577.714
1,032.188
690,669
Beans
1,373,106
banks have now been made, and as a rulet hey are not so satis4,01i,960
9,293,717
6,272.674 10,356,727
Indian com
2.688,557
5,361,745
5,534,712
5,492,628
factory as could be desired. The London & Westminster pays Flour
Supplies of wheat and flour available for consumption In eighteen
16 against 18; London Joint Stock, ISJ.^ against 15; Union, 12)^
weeks, stocks Sept. l not being Inuluded:
against 15; City, 10 against 10; Alliance, 7 against 7; Imperial
—
7 against 8 per cent; Consolidated, 10 against 10; and Central,
against 10 per cent per
1
annum.
In Board of Trade returns just issued for December and
the year are again disappointing. The contraction of business appears to have made further progress, even allowing for
the lower values ruling now than those of a year ago. In the
imports the decline for the month is £797,161 and on the 13
months £35,839,388. The aggregates are as under:
Ill
December
In year
1S82.
1883.
£35,369,131
412,001 ,683
£33,871,131
425,603,932
The principal falling off
The exports of British and
is
There
Irish
1882.
£18,17],'551
241,467,162
£18,971,102
239,799.473
£17,840,100
232,927,575
thus a loss in the exports of £1,130,999 for the
month and £6,871,898 for the year.
Exports of Colonial and foreign merchandise;
1882.
1883.
1884.
£4,946,000
65,193,552
£5,432,000
65,637,597
£5,197.478
62,443.715
The following are some of the leading items of imports and
exports
1881.
22,459,850
2,688,557
home-grown
Sale* of
1,200360 15,430,000 14.541,300
1,198,653
produce
46,054,314
29,291,436
Total.
23,672,693
Av'ge price of English
wheat for season. qrs.
32s. Id.
Visible supply of wheat
In the U. 8
bush. 43,400,000
418.
408. 3d.
4d.
39,639,707
4d.
47s.
35,400,000
20,600,000
17,900,000
-2,091,000
2,412,000
2,911,000
Supply of wheat and
flour afloat to U. K.
•2,036,000
qrs
*
Not Including Baltic euppliea.
The extent of the sales of home-grown wheat, barley and
and drink.
oats in the leading markets of England and "Wales during the
produce and manufactures
first eighteen weeks of the season, together with the average
prices realized, compared with previous seasons, are shown in
1884.
1883
is
Tn December
In year
1882.
25,131,686
5,492,628
in articles of food
were:
In December
In year
1834.
£33,073,970
389,774,549
1883.
22,559,384
5,534,712
1884.
Importoof wheat. owt.l7, 112,295
Imports of flour
5,361,715
the following statement:
s LLES.
Wheat
Barley
Oats
1882-3.
1883-4.
1,200,360
1,875,278
90,053
1884-5.
qrs. 1,198,653
1,943,099
78,257
S8.'>,175
1,1.54,918
8^,861
1881-2.
838,918
904.281
109,417
AVERA<3E PRICES.
1884-5
s.
Wheat.
...
..
...
p6r Qr.
.C...
Barley
Oats
32
31
19
d.
1
1883-4.
».
d.
1882-:^.
d.
t.
1881-2.
4
47 4
34
20 10
40 3
41
1
33
3
19
34 7
20 10
1
8
t.
d.
:
IMPORTS.
-Dteember.
1883.
1884.
Prom United Stated. cwt.l, 463,219 1,693,776
AUoountriee
owt.1,852,520 2,216,734
Cotton—
-Year.1884
1883.
10.986,539 10,755,184
15,367,874 15,805,857
Converting the quarters of wheat into cwta., the totals for
the whole kingdom are estimated as follows:
Wheit
owt
1884-6.
17.193,177
188,'?-4.
.
17,221,140
1882-3.
15,430,000
1881-2.
14,341,300
.
1
:
THE CHRONICLE.
114
EnKlIab Jnarket Reports— Per Cable.
The daily closing quotations for securities, &c,, at London,
and for breadstufls and provisions at Liverpool, are reported
by cable as follows for the week ending Jan. 23
[Vol. XL,
BXFOST8 AHD IMPOSTS OF SPECIE AT
NEW
Sxporli.
TOBK.
linports.
eoid.
Week.
Week.
SiTiceJan.X.
SiTieeJan.!.
:
London.
Wed.
Tue*.
ifon.
Bat.
Thurt.
Fri.
49%
49%
Sreat Britain
France
Glermany
$3,500
(Vest Indies
49%
d. 49l5iR 49%
Bllver, peroz
9:408
9y»8
99%
CJonsole for money
99%
99\
99%
Goneols for acoount
79-7714 79-90
Fr'oli rentes (In Paris) fr 79-70
U.B. 4iseof 1891
U.S. 48 of 1907
Canadian Paoiflc
CMC.
Mil.
& St.
125i«
115%
115%
42 14
40!>8
13%
74%
13%
1221a
l22^
7584
Paul....
common
stook
Illinois Central
£Tle,
125ie
Fhiladelplila & Beading
89%
New York Central
10
"
"
"
Wheat, No. 1, wh,
Spring, No. 2, n,
Winter, South, n
Winter, West., n
Cal., No. 1
Gal., No. 2
:
d.
s.
nonr (ex. gtate).100 lb
I
10
9
d.
t.
d.
10
9
2
7
9
1151a
421a
87%
d.
t.
d.
9
10
9
2
"
"
7
8
5
8
7
5
Ola
Fork, West, mess .Vbhl
Baoon, long clear
Beef, pr. mess, new,|l tc
Lard, prime West. V cwt
Oheese.Am. choice
5
1
53
32
6
80'
37
62
I
Ola
5
58
32
30
37
62
6
Fri
:
7
Com, mix., old..
Com, mix., new.
83%
10
7
9
8
I
Thurt.
d.
"
7
9
4 11>a
58 O
32 6 32
80
83
36 9
62
381,521
lo'.obo
5 6, 500
0,257
2,608
18,840
2,603
P289,296
3,000
20,000
1441.531
4,500
21,265
t2 19,897
13,773
19,207
$186,561
38,006
52,210
$325,950
f693,6G0
24,015
15,399
3,021
12,933
30,021
$31,356
23,992
40,253
$57,355
112,618
111,637
Silver.
Ureat Britain
France
11,945
Serman?
10 9
$.
114,198
337,750
13,168
A.U other countries
Tstal 1865 ...
Total 1884....
Total 1883....
3
Hi',457
98,500
3,075
275,796
Mexico
Sonth America
1338
123%
5114
8
Wed.
,
$3,500
75
I314
123
8%
83%
I
2
7
9
8
124%
1153a
41=8
7438
I3I2
Tuet.
9
124%
I15»g
401a
123
51 1«
5118
8
8314
Jlfon.
99iSi« 9915,8
99i5ie
lOO'ia
80-07ia 30-05
124%
75%
135e
122%
88
Sat.
Liverpool.
991S|
79-95
40%
74%
7%
8
991316
12518
11-5%
50%
52
Pejmsylvanla
49%
9
Westlnilles
Mexico
South America....
All other countries
Total 1885
Total 3884
Total 1883
2
5,8il
21,483
4,252
J3J7,795
$721,957
1.50,009
758,521
1,003,785
472,250
8
7
5
7
7
8
5
5
53
Of the above imports for the week in 1885, $13,643 were
American gold coin and |1,175 American silver coin. Of the
exports during the same time, $10,000 were American gold
coin.
—
U. 8. Sub-Treasury. The following table shows the reoeipta
and payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week
:
®0mmetcial aud W^isctU^ntatxs ^tms
National Banks, —The following national banks have lately
been orgranized:
3,231—The Old National Bank of EvantTilie, Indiana. Capital, $200,000. Samuel Bayard, President Henry Reis, Casnier.
3,282—The National Exchange Bank of Albany, New York. Capital,
$500,000. Chauncey P. Williams, President Jonas H. Brooks,
;
;
Cashier.
of LeBoy, New York. Capital, $100,000
William Lampson, Piesidant; Butler Ward, Cashier.
3,284-The First National Bank of Brooklyn, Iowa. Capital, $50,000.
T.J Holmes, President B. M. Talbott, Cashier.
3,285-The Old National Bank of Fort Wayne, Ind, Capital, $350,000.
Stephen B. Bond, President Jared D. Bond, Cashier.
3,286—The First National Band of Baird, Texas. Capital, $50,000 F.
W. James, President; A. G. Wills, Cashier.
3,287— The Farmers' Nat onal Bank of Kaoxville. 111. Capital, $60,000
F. G. Banbum, President; O. O. Smith, Cashier.
3,283— The First National Bank of Csntreville, Tenn. Capital, $50,000.
H. Clagett, President John T. Walker, Cashier.
3,289—The City National Bank of Austin, Texas. Capital, $100,000.
A. P. Wooldrldge. President M. C. Miller, Cashier.
3,290—The Wlm-hester National Bank, Winchester, Ky. Capital, $200,001. N. H. Witherspoon, President; J. Pike Powers, Cashier.
3,291— The Citizens' National Bauk of Ripley, Oliio. Capita', $100,000.
J. M. Gilliland, President E. B. Bell, Cashier.
Salance9.
DaU.
;
9
9
Jan.
"
"
"
17.
19.
20.
21.
•3.227,750
1,258,054
1,280,056
1.037,021
1,214,266
66
45
22
"
23!
793,785 51
TotmL..
8,815,936 05
*
1,192,266
1.027,030
1.531.879
767,410
1,234,995
811,889
85
67
83
It
3,283—The National Bank
;
Payments.
Reeeiptt.
Currency.
Coin.
»
77 126,921,819 6<i 17,607,647
9o 126.933.906 81 17,321,581
51 126.399,775 91 18,108,892
G', 126.556.4U 10 18,221,866
45 12''.139,027 58 18,618,523
20|13G,136,504 87 18,604,942
$
6,568,172 51
....
94
31
55
38
33
38
........•«
Includes $2,000,000 gold certificates put Into cash.
Western Union Telegraph.— The Tim
es reports tliat the
Court of Appeals on Tuesday, in the cases of the People of the
State against the Gold & Stock Telegraph Company and
the Western Union
Campany
practically asserts
that tele-
graph companies, like other corporations, are subject to the
franchise tax imposed by the law of 1881. The suits were begun by the Attorney-General in the lower court to recover
$179,000 and interest for unpaid taxes from the Western Union,
and $8,350 and interest from the Gold & Stook Telegraph Company. Judgment was given for the State at the Albany CirTerm, and was taken to the
Imports and Exports for the Week. The imports of last cuit, was affirmed at the General
Court of Appeals.
week, compared with those of the preceding week, show
The judgment of the lower courts was opposed by counsel
a decrease in both dry goods and general merchandise. for the companies on the ground that chapter 471 of the Laws
The total imports wore $6,234,913, against $8,774,077 the pre- of 1853 expressly exempted telegraph companies from a franchapter 483 of the Laws of 1831 imposes on
ceding week and $7,48(5,207 *svo weeks previous. The exports chise tax which
other corporations.
for the week ended Jan. 20 amounted to $7,669,474, against
Tiie Attorney-General argued that the law of 1853 in no
$8,034,919 last week and $6,393,7.57 two weeks previous. The manner affects or limits the application of the tax imposed by
following are the imports at New York for the week ending the law of 1881, and that the former statute was repealed by
and that a tax when overdue is a debt upon which
(for dry goods) Jan. 15 and for the week ending (for genera' the latter,
The Court in its decision sustains the
interest is collectible.
merchandise) Jan. 16; also totals since the beginning of the Attorney-General in his position that telegraph companies are
first week in January
liable for a franchise tax, but does not allow the interest.
;
;
;
—
TOKBIOlf tKPORTS AT
For Week,
Dry goods
RBW TOBK.
—We
1884
1883
1882.
1885.
$3,435,029
7,452,337
$1,737,279
4,573,321
$2,591,920
5,904,991
$2,2';7,455
$10,887,366
$6,310,600
$8,496,911
$6,231,913
Gen'Imer'dise.
$9,191,954
20,159,970
$7,130,595
16,136,093
$8,073,262
17,782,580
$6,870,0i9
15,625,138
Total 3 weeks.
$29,351,924
$23,266,688
$25,855,842
$22,495,197
Gen'Imer'dlse.
Total
Binee Jan. 1.
Dry goods
.
3,967,453
In our report of tho dry goods trade will be found the imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie)
from the port
week ending Jan,
of
New York
20, 1884,
to foreign ports for the
and from January
1
to date:
BXPOBTk FBOM KBW TOBK FOR THE WEEK.
1882.
For the week.
«7,277,2rtS«
Frev. reported.
12,091,770
Total 3 weeks.
$19,369,069
The following
at the port of
eonce January
1884 and 1883:
$20,932,122
1884
$5,955,765
12,383,202
$18,843,987
1885.
$7,669,474
14,428,676
$22,098,150
shows the exports and imports of specie
for the week ending Jan. 17, and
1885, and for the corresponding periods in
table
New York
1,
1883,
$6,574,998
14,357,124
are indebted to the
—The Tribune Almanac for 1885.
publishers of the New York Tribune for a copy of their
almanac for 1885. The work has been for many years a standard book of reference for political information. The vote at
last election in each State by counties is given in comparison
with the vote of nrevious years, and in particular cases, notably New York "and New Jersey, the vote by townships is
presented. The book also contains the platforms of all the
parties as adopted at the National Conventions of 1884,
and the personnel of the National Government, from the President down, as now existing. Valuable statistics of our trade
and commerce are also within its covers.
—
The Ontario Silver Mining Company has declared its 103d
dividend of $75,000 for December, payable at the company's
office, San Francisco, or at the transfer agency of Messrs.
Lounsbery
&
Co.
Auction Sales.— The following, seldom or never sold at the
Stock Exchange, were sold at auction this week by Messrs.
Adrian H. MuUer & Son.
Shares.
Sfiare8.
92 Citizens' National Bank.ll9i4
131 Am. E%ch. Nat. Bk..l'20%-120
20 The German Nat. Bank
91'a
of New,-irk. N. J
15 Imptrs. & Trdrs.' Nat.Bk.25
20 Mercantile Nat. Bank.... 110
50 Central Park North & E.
KiverRR.Co
22I3 Amer. Box Loanlnjt
(Limited)
143
Co.
for $2,192
100 N. Y. Grape Sugar Co. of
New York
95
90
11 National Fire Ins. Co
4 N. Y. Bowery Fire Ins.Co.l44i«
do
do.. 1431a
do
40 do
Bonds.
$15,000 Galveston Houston &
Hend. RR. C.i. of '82 lst53. 60
$1,000 Portsmouth Water Co.
lOOH
1st 78, due 1913
:
;
Jancaat a,
:
I
THE CHTIONKXE
1885.]
:
;
116
The extent of this movement can not be determined, and the scarcity of commercial bills, which is talked
about, appears to be exaggerated.
I'ostcd rates linve l)een advancoil 14 ci'iits on the )>ound.
To-day the rates on actual busines.1 were as follows, viz.
Bankers' CO days' sterling, 4 8:H@4 834; demand, 4 87i@4 87^.
Cables, 4 88.
Commercial bills were 4 81i®4 81}. Continental bills were: Francs,
221@.5 28i and 5 20J@5 21f
reichmarks, 94i@044 and 95@95i; guilders, 40 and 40},
The following were the rates of domestic exchange on Now
York at the under-mentioned cities to-day Savannah, buying
Jdiscoimt, .selling I discoimt
par; Charleston, buying par,
selling 4®} premium
Boston, 60@75 premium
New Orleans,
commercial, par@25 di.scoimt; bank, 100 premium; St. Louis,
90 premium; Chicago, 25(?ij50 discount.
The posted rates of leading bankers are as follows
H))cculBtlon.
'ght Saukers' <lla2ette.
OIVIDBNDS.
The following dlrldnndit have recently been annonnoad
Per
ITame of Company.
Whtn
JiMki Vtnna.
PayabU.
(,Day$ inclutlvi.)
March 2
M'h^^on
Feb. 11 toMaruli 11
»
3
Feb.
3
2>a
Pel).
Ian.
Feb.
Jan. 21 to Jan. 31
eein.
.'5
Railroads.
4
Illlnoln Ooiitral
Ciirolliia
North
,
Terro HaiitOtV IiidlaniipoUa
1
:
Banks.
Ot-rninn Aiiicrlciui
raolllo (i|Uiir.)
23 to Fob.
1
iisorauc«.
Excli;unre
......
l''lre
Meri'haiits'
retor
,
(7oopt'r Fire
Stanilaril Kirc
2 .Tan. 27 to Jan. 31
9>9
Fell.
B
6
Jan.
Jan.
3>fl
Ou
26
2>
@
;
:
dcui
m«ccIlaneons.
Cousolldation foal
PaolMc
«l
Fan.
Feb.
.Mall 8S. Co. (quar.)
Palare Car Co. (qusr.)
Pulliuiin'8
Feb.
29 .Fan. 20 to Jan. 29
2 Jan. 25 to Feb. 2
10 Feb. :i to Fob. 10
NEW YORK. FRIDAY.
JAN. >J3. I8»3.-3 P. AI.
The Money Market and Financial Situation. Thcru have
Iwen no seriou.s failures since the two reported lust week, and
—
it
does not appear that those will be heavy in the ultimate
losses to creditors.
The corn crop
beginning to move more freely, and with
com at 50 to 60 cents in New York there seems to be every reason why the next eight months should show a large movement
on the railroads. Cotton crop receipts at the South since Sept.
1,
is
now about
1884, are
1.50,000 bales
ahead of
last
— that
year
is
the cotton ''in sight" from the crop of 1884
is about that, and
during the balance of the season,
this much excess over the yield of 1883.
therefore unless this gain
there will beat least
is lost
At the Stock Exchange there would be a decided tendency
towards improvement if the railroad managers would agree to
maintain rates. This is the one great cloud which hangs over
the market, and
it is
almost self-evident thatsome of the parties
controlling the great trunk lines
in rates kept up
Whether
and stocks
still
at
desire to have the cutting
the same time kept down.
end before a decree of foreclostire is granted on the West Shore mortgage is something that
remains to be seen but many believe that it certainly will end
tliis
;
state of affairs will
January
property
is
much
sooner as the ultimate control of that
determined, and
its
future jxjssessors
become pretty
well known.
In railroad investments the bad effects of the defaults on
mortgage bonds that are abundantly secured is still felt. There
are at least three bonds on which no default should have been
made the Denver & Rio Grande flrsts, the Houston & Texas
Central firsts and the Philadelphia & Reading general mort-
—
Sixty
on London..
481l«
Paris (francs)
Amaterdain (guilders)
4 SI
8 23 '8
9 20<<g
94a9
9514
40%
.......
Frankfort or Bremen (reichmarks)
The following
Coins
coins:
ajverelgiu
Napoleons
are
»$4 87
$4 84
3 85
Relohmarka. 4 74
XQolIders
3 96
«
®
a
XX
Day Demand.
4B7
4 94
Documentary oominerolal
3 90
4 78
4 00
.
403ii
quotations in gold for various
— 99^9 par.
— 92 » — 94
— 84>4% — SS^j
Do iinoommerc'l. — '3%» — Si's
— 77i»» — 80
Peruvian soles
EnjfUsh sliver
4 78 » 4 »4
O. a.trada dollars — 86 « — 87'«
Silver >«sand Hs.
Five francs
Mexican
dollars..
8 Ltan'h Doubloons. 15 6.5 »15 83
.M.1X. Doabloons..]5 5.5
1»15 65
P ne silver bars
1 OT'sH
1 Oi^
Floe gold bars...
p»r« 4 preiu V. a. silver doUarx
Dim ISA >s dimes. - 99% 9 par
— 99%
t
par.
United States Bonds.— The Government bond market has
been tolerably active the past week, at nearly steady prices, and
the close to-day is about the .same as last Friday.
The closing prices at the N. Y. Board have been as follows
Inlerut
\Period:
Jan.
.Tan.
Jan.
Jan.
Jan.
Jan.
17.
19.
20.
21.
22.
23.
I
4lM,1891
Q.-Mar. 113
112% 112%*11259
4>*s,1891.... ..coup. Q.-Mar. •112% 112%' 1123, •112=8
4s, 1907
...reg. Q.-Jan 121''8 121'8' 121% 121''8
4«,1907
..ooap. Q.^an. n21''8 121%« 121%*12I»8
38, option IT. 8 ....reg.Q.-Feb. •101
*101
iom»iom
6s, our'07, '95
reg. J. A J. 125
'125
125
125
6s,onr'o7, "98 ....reg.!J. ik J. '127
'127
127
127
6s,our'oy, '97 ....reg.lJ. A J. 129
129
129 !*129
... reg,.
I
.
i'
6j,onr'oy, '98, ...reg.jj.
Ba.oar'c;. '99 .. .rec. J.
A
A
;
at that time or as
23.
Prlniebanlrflr(i'.itorltnK bills
Prime coin mt^roial
*
This
Is
the price bid at
J.
J.
•131
•131
1*132
131
M32V*l32>i! 132>«*1.'?3
the morning board no lale was
;
•112»B
•11238
•121%
121%
•101
M25
13
•127
•129
*131
•133
mad.).
—
State and Railroad Bonds. State bonds have been much
neglected, the only sales being |1 1,000 Arkansas 7s, RR. issues,
at 15 and |4,000 Tennessee compromise bonds at .50.
Railroad bonds have been moderately active and the general
tone has been irregular, with most of the lower-priced bonds
weak and declining. Erie 2ds have had an active speculation
and declined on Monday to 53, most of which has been recovered.
West Shore 5s have also been weak on large sales, and
the different classes of Missouri Kansas &, Texas bonds have
declined in consequence of the bringing of a suit to jirevent the
payment of interest on bonds issued subsequent to 1876. Erie
2ds close at 55, against 55f last Friday; West Shore .5.s, after
selling down to 33J, close at 35, the same as last Friday; M. K.
In each of these cases the mortgage bondholders have
an immense security back of their bonds, and there seems to be
no reason, cither in fairness or in law, why they should make
concessions.
Let them maintain their rights courageously, and
& T. consol. 73 close at 102f, against 104J; do general 5s at 50J,
they will not only triumph in these cases but they will also help
against 53|; do general 6s at 64, against 67; Cent. N. J. consoL
to stoj) a proceeding which, if carried on, will shake confidence assented at
95i, against 97^; Houston & Texas Cent. Ists, main
line, at 90, against 88 J;
in the whole body of our railroad securities.
Chesapeake & Ohio, series B, at 71i,
Rates for call loans during the week on stock and bond col- against 73 do currency at 23J, against 2C.
terals have ranged at 1@3 per cent and to-day at l@li per
Railroad and Miscellaneons Stocks. The past week ha.?
cent.
Prime commercial pa])er is quoted at 4@5 per cent.
Tlie Bank of England weekly statement on Thursday showed been a tame one on the Stock Exchange, and transactions have,
again in specie of £512,742, and the percentage of reserve to as a rule, been on a limited scale. There has been no animation in the speculation, except for a few stocks, and the market
liabilities was 43i, against 40 13-161ast week; the discount
rate
remains at 5 per cent. The Bank of France gained 1,405,000 generally has been irregular, with a slight- tendency toward
lower prices.
francs in gold and 2,146,000 francs in silver.
Lackawanna, as usual of late, has been the most active, and
The New York Clearing House banks, in their statement of
this stock, with the other coal shares, has been weak, touchJan. 17, showed an increase in surplus reserve of |3, 504,400,
The
the total surplus being $51,148,775, against $47,644,375 the ing the lowest point recorded during the recent decline.
coal business is still unsettled by .the Pennsylvania's determinaprevious week.
Tlie following table shows the changes from the previous tion to remain independent of any combination, and the uncerweek and a comparison with the two preceding years in the tainty has been still further aggravated by the report that that
company would enter into competition with other coal compaaverages of the New York Clearing House banks.
nies for business in New York.
Another unfavorable feature was the disagreement of the
188.'5.
Differ'neet fr'm
1884.
1883.
Jan. 17.
Prevunu Wttk.
Jan. 19.
trunk line pool January 16, and their failure to make a satisfacJan. 20.
Loans and dls. $2d5.H37,80f Deo. $81.5,800 IJ332,59e,800 $317,.159,800 tory arrangement about East-bound freights also the action of
BpeolB
98.485.600 Inc. 3,30a.(iOO
rO.380,600
62,087,700 the Pennsylvania in making lower rates on immigrant business
CSrciilation ...
11.31 l.BOO tni'
411.000
14,42.i,90C
17,470,200 to the West.
This did not affect the trunk line stocks, howKetdei>oelt8.. 353.T2e,100 Inc. 4,478,8 00
345,530,700 308,309.300
Legal tenders.
41, 091.7 JO [nc. l.Sl.'i.SOO
33,298,800
23,064,400 ever, very seriously, as they were already so low, and both these
and the grangers showed much resistance to the decline.
Le^ reserve $88.431,52.'5 Ino .$1,113,700 $86,393,175
Beaerve held.i 139,S80,300 [no. 4.624,100 103,679,400 $77,077,325
In the latter part of the week Missouri Kansas & Texas stock
85,7,12,100
and bonds had a break, due to the bringing of a suit, as men*°n>lag
ih\.Hi.T7r, Inc 3..50 1.400
gages.
;
—
;
.
I
$17,284,225
t
a
Exchange.— Sterling has shown decided
good demand has sprung up, which is
large part
from those
who
$8,674,775
finnncss in rates and
believed to come in
have traded in bills for investment or
tioned above.
To-day, Friday, on a moderate volume of business, there wa«
a strong undertone and a pretty general hardening in ))rice8,
which was well maintained till the close.
,
— —
. ...
..
.
..
.
'
THE CHRONICLE.
116
[Vol. XT,.
NEW YORK STOCK EXCHANGE PRICES FOR WEEK ENDING JAW.
23,
HIGHEST AND LOWEST PRICES.
STOCKS.
RAIL,R0.4DS.
Albany & ynsqin'lumnu
129
Boston & iS'.Y. Airl.ine, pref..
Burlington Ceil. Rapids & No.
Canadian Pitciftc
Canada Southern
Cedar Falls & Minne.sota
&
Do
Do
129
37
41 14
30
30
39
30
'9
35" 38
5%
7
*5ii!
10
Istprel....
34
32 'a
33
32^4
Ohio
,
W.
Jan.
no
•6
10
40
30
12
36
32 Hi
6
12
*6
7
2dpiel
OHj
131 131
Chicago A Alton
Chicago BuiUngton & Qoincy il7>all7»4i 117 117H>
Chicago Milwaukee & St. Paul 72 '8 73 'el 7114 73
104 104
pref.
Do
,
87% 89
Chicago * Northwestern
123 Vj 124 125
pref. 125
Do
IO7I4
108
106^4 107
Chicago Ttock I sland A P.icific
7>4
7'4
Chicago St. Louis A Pittsburg.
•141.2 16
15
15
pref.
Do
25
25
2418 24-'!8
Chicago St. Paul Minn. A Om.
83
80
85
85 >.
prof.
Do
Cleveland Col. Cin. A Iiidianap.
Cle-veland A Pittsburg, guar
A
ColTtnibia
Terrc Hante
Winona A St. Paul
leased line 4 p. ct.
Do
Indiana Bloomingt'n A West'n
Lake Erie A Western
Lake Shore
Manhattan
30^4
33 14
343.
32=4
33
5I4
•10
6
12Hl
Do
Minneapolis
Do
A
Chic.
40
3234
4934
30
30
6
5 Hi
5Hl
131
131
1173411834 II7I4II8
72=8 73-18
72 Hi 7334
104^8 104 '« 104 104
88% 89% 88^8 90
125 125Hl 126 126
107Hil07%l 107 Is 107 Hi
8
8
•15
16
23 Hi 25 H^
24 Ha 25 Hi
85 14 85 14 86
86
31 Hi 31Hi 31 Hi 32
32
•8 Hi
9
83%
•8
31% 31%
•10
40
40
6H
40
3H
*5Ha
llHi
54
81-.
88% 89 "a
124
107
12434
Hi
12'a
•12
1218
12
12
60'e
60% 60%
69%
CD's
60%
2234
23 14
23 Hi 24 Hi
16
15
65 Ha 6534
23%
6534
6534
I2Hi
12 Hi
12 Hi
6514
12Hj
28Hl
6534
I2H2
28Hl
12Ha
2434
2434
85% 85%
234
434
'38
55
67
'24%
69%
•66
23
19
137
8%
3
5%
41
20
121
•54 Hi 59
14
12%
6O34
67
23%
19 Hi
66% 65%
89
»8U
5514
•12
•11
28
•88
01
13
12
12
12
•65 Hi
12
25
16
pref.
Missouri Kansas A Texas
Btlssonri Pacifio
Mobile A Ohio
Morris A Essex
Nashv.Chattanooga
•31
•31
"31
Louis
28
New
New
pref.
Do
New York Lack. A Western
New York Lake Erie & West'n
pref.
Do
New York A New England
New York Now Haven A Hart.
New York Ontario A Western.
New York Susq. A Western
pref.
Do
Norfolk A Western
Do
•31
11
12
•31
11
25
15% 16
16>4
93Ha 93'(
93
9334
•7
•7
9
11734
36
8I4
*85Hj
I314
.
9
120
34
10
98
8
I6I4
03%
8
117
15Hl
92 Hi
7Ha
161.
931.
71-2
.33
•10% 12
24%
14%
93
•7%
28
1534
93',
9
115
35
834
9
87 Hi
13»8
13H)
12
178
12
178
*11
12
12%
prof
22
prof
38 Hi
1'4
Ohio Central
Ohio A Slississippi
Ohio Southern
Oregon short Line
Oregon A TrauK-ContinentAl.
Peoria Decatur A Kvansville..
Philadelphia A Heading
*16Hi
A
1318
Pltt.-iburg Ft. Wavne
Chic.
A Ucg., stock trust ctfs.
Klch.
11%
16
37%
39->8
11.
1»4
16
10
1714
13'b
IS
15^4
l,'i''4
2Hl
A Danville
A West l"ut Terminal
Rochester A l*itt.sburg.
Borne Watertowu A Ogdensb'g
St. Louis Alton A Tene Haute
pref.
Do
St. Louis A San Francisco
1234
•12 Hi
13 Hi
29
86
13
26
8%
85
13
25
13% 14%
11% 11%
11!
I6I4
38Hi
1'4
22 14
221.
I6I4
I6H1
38%
15H!
38',
37'<4
16
3834
II4
1%
16%
1%
•17
IHl
22,670
12,129
6Hi
300
12Hi
7
10
lor
80 14 90 14
12534 12534
108
13
15%
13% 13%
•11
16
12 Hi
16
13
'12H!
I318
8
1534
2534
1534
'25%
8534
86
32% 32%
136
136
37
30
Jan. 17
Jan. 2
8%
8',
4%
4'',
3
•37
40
121% 122%
32
2Hi
2Hl
2Hi
44% 44%
19
2%
•234
2Hl
121.
I214
•1134
12%
60% 61%
-65
2334
31%
5%
5%
10
100
600
500
320
300
210
400
Jau.
714 Jan.
15 Jan.
24 % Jan.
82 14 Jan.
81 Jau.
136 Jan.
14% Jan.
82% Jan.
8% Jan.
65 Jau.
234 Jan.
4% Jan.
37% Jan.
3 Jan.
190% Jan.
20 Jan.
2,210
119% Lm.
300
450
1,260
1,415
116
477",980
1,255
-234
•.i4%
-iO
05% 66 14
12% 12%
•88%.
•31
14% 15%
0334
•714
114
35%
86
434
8%
84
94 14
9
116
37
87%
5
8%
86
13% 13%
16
37% 38%
II4
1%
3834
81 Hi
81 Hi
81
82
12 14
12%
48%
383.1
•18
•36
•80
1434
11%
-1%
-4%
11
14
2i<
39
83
44's Jan,
Jan.
I6I4
I634
38%
1% 1%
38
I3I4
13'-.
12% 12%
15Hl
1534
153.
124
16
13
13%
1234
123<
•16% 16V
125% 125%
•234
2i'083
62
22
620
5,232
300
420
105
100
15,095
5,139
110
1,354
2,650
148,287
400
1,900
60
12,870
2,020
80
640
1,700
4,010
38,045
2,675
'200
4,700
300
3,000
160
400
200
300
210
100
3
20
82
1934
18
38i._
•36% 38
"IH
•35
•81
20
39
83
18%
81%
Si's
82
82
28
400
83
83
8134
83
85
1,250
12%
1234
4834
4SIHi
11%
48%
81 34
12 14
48'8
*4Hi
.'»Ha
4%
6
•12 Hi
13 Hi
•37
20
A
Manitoba XS3I4 83 \i
12^4
48 14 49
Pacific
Virginia Midland
Wabash St. Louis
12;>4
A
Do
Warren
4734
13
•5
Pacific. .
pref.
.
13
6
•I2Hl
IS
116
MISCELLANEOUS.
Tel. A Cable Co
Bankers' A Merchants' Tel
Colorado Coal A Iron
Delaware A Hudson Canal
Mutual Union Telegraph
New York A Texas Land Co.
American
52H!
62Hi
*8Hj
9Hi
70 H) 71
5 Hi
3
IS
ISi-i
pref
66 Hi 67 %
Western Union Telegraph
E.XPRESS.
American
A Co
INACTIVK STHCK8.
•4%
I2I4
9
68
9
69 '(
52% 62%
24
24
G9Hi
7934
7
•3Hl
914
9i._
6734
6918
3Hl
•9
3Hl
934
66% 08%
*3%
•9
7
9%
225
66% 67%
'3%
9%
6,6'25
49 H
44,370
5
I3I4
100
100
360
12
52% 52%
30
5
28
17
118 II4OI4
1'2734
107
68 14 9414
OS's 119
81%
1314
16% 35
21% 38%
8O34 100
28
69%
126% 141
33
8634
52
3
% Jan.
40 Jan.
8% Jan.
434
30
3%
185
20
110
70
9
101
30
Jan.
Jan.
12'2
Jau.
86% Jan.
1234 Jan.
13% Jau.
63 % Jan.
67% Jan.
26% Jan.
19% Jan.
6634 Jan.
14 Jau.
30 Jan.
90 Jan.
61 Jan.
Jau.
Jan.
65
Jan.
11% Jau.
27% Jan.
90 Jan.
54 Jan.
6%
59%
62
22 1-."
10
Jan.
25 Jan.
14% Jan.
90% Jan.
7% Jan.
11434 Jan.
33 Jan.
84% Jan.
414 Jau.
7% Jan.
84% Jan.
1234 Jjui.
25 Jan.
12 Jan.
175 Jan.
11
Jan.
1 's Jan.
85
5134
10
31
15
23
6I4
115
30
1714 Jan.
40 's Jan.
Jan.
Jan.
9 Jan.
1514 Jan.
1234 Jan.
12% Jan.
15% Jon.
123% Jan.
2 % Jan.
44 'fi Jan.
19 Jan.
2'8Jan.
17 Jan.
'20% Jan.
Jan.
Jan.
Jan.
Jan.
14% Jan.
14 Jan.
19 Jan.
12534 Jan.
'2 % Jan.
48 Jan.
21
Jan.
3I4 Jan.
17
Jan.
21 14 Jan.
1 14
71.
20
8
175
7
134
4%
7
934
393
100
700
3
8
Jan. 6
Jan. 10
Jan. 3
Jan. '22
24% 25
I
»130
*90
51
*107
140
94
•3
•25Hl
50 Hi
130
9134
51
•50
110
'105
8
31
67 14
140
91%
53
110
67 14
71H!
•3
6
31
•25H!
68 le
132
61
52
106
91
57
•130
•90
•50
105
57%
140
92
63
110
130
•90
•50
•106
140
93
62
110
71
17%
16%
184
6
18^4
17
14
42
27
57%
4%
5
1134
83^
6i<
•24
34%
n»t,
60 •»
32
12
I'f
5
61
32
le-B
24
50
96
70
11% 29 >a
'24% 60
96%
70
14
18
15
65
76 V
32^
9
33
122H»
90
99
6% 22%
84%
28
21
15
19^
4
121
611^
49
1
127%
7
17 •«
114
74
Jan. 10
67
10
17%
66%
113
67%
117
6%
1'22% 170
67% 68%
133
140
91
60
106
63
106
1,085
1,380
23
10
23
834
603<
14
90
58% Jan. 20
20
49
21
91
78,760
63% Jan.
5 130
Jau.
119 87% Jan.
143 48 Jau.
104% Jan.
76% Jan.
Danbury
203*
371.
1
31
334
57',
68
9
Jan. 3 26% Jan.
69% Jau. 19 73 Jan.
1 '2, 1,50
64 Jau. 3 66I4 Jan.
472 107 % Jan.
11134Jau.
26%
69% 69%
67
13!(»
1'27
4
Jan. 8
934 Jan. 12
26I4
55 14
55% 53% .55% 6534 55% 56 14
110
11134 11134
110 110
110 110
132
90
106
71Hi
16
44
12%
2%
% Jan.
20,309
66%
94%
119% 136
3934 Jan.
54% Jan.
105
10
7
16'l
7934 Jan. 2 87 Jan.
11'b Jan. 22 13%Jau.
46 '8 Jan. 2 50% Jan.
15 Jan. 10 15 Jan.
4i4Jan. 14
5% Jan.
I214 Jau. 23 14 Jau.
116 Jan. 19 110 Jan.
52
35
14% 25%
20 14 Jan.
87
51%
94%
11% 28%
19
10
16
IS'sJan. 17
3834 Jan. 19
81% Jan. 19
'20 14
1934
10434
7814
83
1 34
16
8%
200
51
140
80
83% 122
10%
4
Jan.
Jan.
61
68% 100
Jau.
Jan.
Jan.
Jan.
% Jan.
% Jan.
Jau.
Jan.
34 Jan.
Jan.
34 Jan.
Jan.
% Jau.
's Jau.
37% Jan.
8I4
14%
7% 18%
36%
17
9% '23 14
I4
21% Jan.'
82
64% 79
24
10
4»
23
% Jan.
Jan.
% Jan.
11
83
133%
6% 23%
5
11% Jan.
1'24
117
149%
100 14 12634
OlliJan.
10 Jau.
59 Jan,
3% Jan.
934 Jan.
6734
16
9%
6%
Jau.
Jan.
131% Jan.
119% Jan.
70% Jan.
107 Jan.
91% Jan.
126% Jau.
109 Jan.
8^4 Jan.
1534 Jan.
27 Jan.
87% Jau.
33 Jan.
137 Jan.
15 Jan.
67% 69%
Atchison Topeka A Santa Fe
Chicago A Alton, pref
—
A Norwalk
Jollet A Chicago
Louisiana A Missouri River.
New York Elevate<l
Ohio A Mississippi pref
Rensselaer & Saratoga
Bonth C^aroUna Railroad
Texas & New Orleans
12%
116
54 Hi 35 ig
55
55
55 Hi
110
llOHillOHi 100 110
Pullman Palace Car Co
Quicksilver Mining Co
UnltedStates
12% 13%
I2I4
4834
58 1«
2434
.
Pacific Mail
Wells, Fargo
15
52% 52%
Oregon Improvement Co
Oregon Hallway A Nav. Co
Do
82Hl 82=4
1234 1234
4834 49 14
80
57%
12
37% 90
32
5
2H!
20
59% Jan.
200
130
•17
18 'e
71,1'20
40
14=4
17
18 '6
50
39
33
•10
-24
135
80% 90
0% Jau.
Jan.
11% Jan.
500
.
21% 21%
16
131.2
3
126
11
8
10.")
680
300
67
18
19
2'(
i
40'8Jan.
35 14 Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jau.
Jan.
7,262 115%
246,460 70'8Jan.
815 103 Jan.
161.703 84% Jan.
2,566 im-'iJan.
300
83% 85%
1734
13Hl
Low. High
Jan. 12 129 Jan.
Jan. 5 90i4Jan.
415
165 128
3,980
10
ISU
Year 1884.
8
33%
32%
178
pref
Paul Minneap.
Texas A Pacific
60
Jan.
2
2 132 Jan. 15
3 93 Jan. 13
2 52% Jan. 10
110 Jan. 16
1'25
87
45
98
34
78%
137
102
61 Ht
116
80 3«
78
Jan.
8
62
142
8 60
Jam.
8
.50
162
50
137
14S
16
19% 24
122
130
122
Jan. 22 130
189
Jan.
Jan. 22 115
46
139
91
•91
139
•91
Canton Co
Consolidation Coal
Homestake Mining Co
New
Central Coal
Ontario Silver Mining
Pennsylvania Coal
•
800
For PuU
1885.
Highest.
20 128
246 90
8,948
1885.
1,
1,
Dulnth
St.
Adams
13%
124
pret.. ..
1st pref.
Do
Union
13
125
20
.
A
87H2
13 14
22 14 22 Hi
22\
*l'2Ha
125
.
Richm'd
Paul
28
8
...
12% 12%
Richmond
St.
•5%
163.4
.
Do
Do
•8
123,
178
13
A
8=4
87 12 •86
.
Northern Pacific
Do
•5I4
10
•64
55
118
116
115 II6H1 116
•34 ....
35
33
35 H: 36
A StLotiis 34
85^4 86^4
84 Hi 8334 8618 8634 85% 86% 85% 86%
York Central A Hudson.
•4
r
.4 Hi
*4is
4
•4% 6
5
5
York Chic. A St. Louis ..
Hi
Hi
.
33
31 Hi
107 Hi 108
8
West'rn
.
41
10434 10434 104
119%
llHi
41
-29% 30 Ha
117%118% 118 118%
72% 72 %l 72% 73%
3 '8
8% 31s
lOOig 19016 191
191
•20
36
20
11934 H9Hill9Hi 120 14 120 Hi 120 120ij 120
3Hl
25
....
Range Since Jan.
(Shares).
13OH1I3IH!
8%
318
40
63<
11
82% 84
Hi
31.
24
33
137
84 Hi 8534
58
JAN.
13
•3I4
12Hl
C
59
40
39%
.
'88 Hi,
pref.
St.
7,
•514
Friday,
Jan. 23.
90% 90%
*38
61 "8
•64
U7
22^8 23 Hi
13
13
65 Hi 66 Hj
Klevateil, coQSOl
A
31
•-
-10
Jan. 22.
9OI4
39 H) 39=4
30
30
•9
12
33% 34
5
60
Nashville
L. .Shore
9
9OI4
Sales of
Uie Week
Thursday,
84
Manhiitt^m Beach Co
Memphis A Charleston
Metropolitan JClevated
Michigan Central
Milwaukee
•3
*I1
Lonp Island
A
-8H!
*2'4
Illinois Central
New Albany A
84 »8 86^4
59
A Texas Central
Louisville
Louisville
87 »e
9
3>8
*5
*
Green Bay
Harlem
Houston
80
9
pref.
EvansTille
•30
Mis
Clreenville, pref
Delaware Lackawanna A West.
Denver A Kio (Jrande
Dubuque A Sioux City
Ea.st Tennessee Va. A Ga.
Do
Weilnesilay,
Jan. 21.
Tnesilay,
Jau. 20.
»Ois
Central of New Jersey
Central Pacilic
Che.sape.ake
Monilay
Satuniav,
Jan. 17.
AND SINCE
Those are the prices bid and asked
no
sale
was made at the Board.
91
•91
'20
140
Jan.
3 138
9
130
90
WeJa
11
90% 93
39% 40
18
8
as
6
10
14
'29
364
264
n
.
jAKTTARt
I
1
.
—
..
..
I
I
1
.
'
'
*
I
THE CHRONICLE.
84, 1885.
QUOTATIONS OF STATE AND KAILROAI) BONUS,
117
JAWUARY
1885.
'J3,
STATF. HONDH.
BEOURITIES.
A
FI. S. Ua.
75 1 Ucick
7», Mdllli.* l.UiwV
7».l-. K.P.B.A
7«, Minn. O. .* U. H. UK.
7», ArkansanC'ent. KK.
Qwrela— 68, 18S8
LonI ilanik— Ts,
87
AflvI'Mi (! riiii'.,
Haiuilbiil
New
12 Hi
13
4
101
loaHi
U'i
1890
73
63
due
BKOURITIES,
67
N. OaroUna -('oiitlnued—
New bniKln. J. ,«.!., '9iM
Special tax,
18
a'mp'inlse,8-4-6.6«,19ia
alt i-lanseA..
Virginia—6s. old
6», new, 1866
6s, consol. Imnds
6h, ex-matared coupon.
es, consol., 2d series....
'
18691
,lple, 1888.!
Bruwu coiiHorii 6s, 189S 106
Tenoessee—6s, old. 1892-8
as. new, 189a-8-1900 ...
18
49
44
Bs,
60-^
8
118
113
110
Registered
Funding
44
49 n
»8
88
60
37 «
8-888, 1924
42<ii
42",
ftO
deferred
District of Oolnmbla—
Ss,
'as,
lis
117
30
10
Bid.
Teooessee—Contlnoed en. Daw scrim, 1914 ...
WU.U.Altu.B.
82>9 84
CODSOl. 4s, 1010
108
110
fi«, 1919
108 Hil
Oil'- •'- ""<6
ii.f
N. Carolina-OS, old, J.AJ.
Fandlogaot, 1000
BKOURITIKB.
Ask.
Bid.
Do
n:»
115
106
Ji
Viirk-HH, reg., 1887
6s, loan, ix'.il
es, lonn, IHO'i
6s, loan, 1803
'
Atk.
101
107
110
isiil.05 ...
St. Jo., '86.
FiriiilijiK.
12^
7B.1886
Bid.
'yiiis.,1914
Ex-niature4l coapon
Mls8oiiil-0», 188fl....
6s.diinlRs«i>r 181)0.
I
12>ll'
RH
N.iXUK
7s, gold,
8K0DRITIK8.
Ask.
Bid.
kbumit-ClMii A, 1906.
100
ClMM II, fta, 1906
OIlMC-, 4ii. 1906
lOB
«*,lD.3Us,1900
A 'kAiiAOA— Oh, fundod
1899
RAILROAD ROND8.
eeouRiTiEs.
SECURITIES.
Bid.
Railroad Bondg.
Alle(0-Ceiit.-l8t,«.s,lil',aa
Atcli.T.AS.Fo-IHiS. I'.liO
SlnklnK fund, (la, I'.lll..
&
Ist, consol., guar., 7s..
I.ttck.A W.-l8t, 68
Couslruclloa, 5b, 1923
Del.A Hud. Canal— Ist, 78
1st. ext., 7s, 1891
Coupon, 7s, 1894
Registered, 7s, 1894 ....
Ist, Pa.Dlv., cp.,78, 1917
1st, Pa. Div., log., 1917.
Knsq.— 1st, 7s ...
Alb.
2d, 7s, 1885
l8t.con8., guar.78,1906
Ist, cons., gu.. 68, 1906
N.Y.
....
I'ac.-l8t,li8, IKIO.I -.-
77
Halt.* 0.-lst,U«, Prk.Br. "ilj
Bnr.U.Kap.&No.-l8t,58 103 104
92
f,>n»o'.., Ut, 5!l. i!t;u...i .»o
Mlnn.&St.L.-l8t,7B,iTO.I ^fO
Ia.City.& We8t.-l8t,7s HO
C.Rau. t.F.AN.— l8t,68
••"
iBt, 5», 1921
35
Buir. N.Y. A P.-Cons., 69
••"
Ocneral, 68, H)L'4
"»
Can. So.— i8t,lnt. guar.Sa
2d, 6s, 1913
Keg.. .')«. 1913
„.,.
Sf'a
Centjral lowa-lst, 7s, '99'
Rons.
'
i'OllUOIl
oft*
East Div.— 1st,
111.
Div.— l8t,
*
6s, 19121
6s, 1912..
Aug.- Ist, 7s
Cliar. Col.
Oliio—
Clieflaiu-ake
l*ur. money fuiiil, 1898..
6b, gold, serlca A. 1908 .
6s, gold, series B, 1908
68. currency, 1918
iis'
2d, extended, 58, 1919 ..i
3d, extended, 41*!, 1923;
4tb, extended, 5s, 1920.
6th, 78, 1888
1st, cons., gold, 78, 1920
1st, cons., i<i. coup., 7s.
Reorg., l9t lion, (ft, 1908
Long Dock b'nds, 78, '93
MUs.B.Br'ge-lst.s.f.Ss "JOS
C.B.i Q.-Con8ol.78, 1903i 129»4
Bb, sinking fund, 1901 .. Ig*'*
97
Bs, debentures, 1913
la. Div.-S.fd., 58, 1919
Slnklngfnnd, 4s, 19191 ••--.
Denverlilv.- 48, 1922..I '«2>a
Central of N.J.-lst, 1890 113 Hi 115
95 Ti
lstcons.as8ented.1899 t| 93
I
!
'
I
1
j
1
V
'
C—
I
,
1883
lUi:'4
:
Conpon, gold, 78, 1902.. VlHh
ReglBfd. gold, 78, 1902.1 126
Blnking fund, lis, 1929 .. 111
Sink, fund, bs, 1U29, reg! 109
i
i
Btakingfunrt, 68, 1929.-1 104^
Blnk. fund, nn. 1929, reg! 104
Blnk'gfd. deb., 58, 1933; 94'e
93=8
25yi-3rs(leb. 6.8, 1909..
ItL'gi^tere<l
1
95
9334
....
1
121 "a
105
12012
109
101
12U
Consol. "8, 19U
Consol. Blnk. fd., 78,1914, -116
Oentral cousol., (is, 1934! 96
Clllc.St.P.Min.AOm.Ill
Cousol. lis. ;93»
a8t.l'AM.-lst,«s, 1918 117%
No. Wis.— iBt. «8, 1930.' 115
123
105 "ll
125
I
103
1'22
•2d,
Ctiic.A E.Ill.— l9t,8.f.,cur.
A
E. H.&N.-lsl, tfs, 1919
General, Ba, 1930
Pensacola Div.— 88,1920
99>4
1111.2'
'id, 68,
1
Byr.Bmg.A N.Y.— lst,7sl
*No
76
LoulBV. C.A L.-68, 1931
Trust bonds. Its, 1922...
10 40 Alijiiit.8-. 1924..
L.Erie A W.— Ist. 68,1919
I
1!I23
.....
1920
Col H Val.ATol.-l8t, 5"
Del. L.AW.-78,oonT.,'92 110
Mortgage 78. 1907
ad, 68,
1!24
116
II3I4'
Sandusky Div.—Bs, 1919
Laf.BLA M.-lst, 08,1919
68 « Loni8V.N.Alb.A(3.— iBtOa
66
General niort., 68, 1914
120
I.ou. N.(J.A Tex.— 1st. 68
Manlmt.U'ch Co.— 78,1909
130
i
I
!
I
'
.
'
—
Ist, conaol., 6s, 19191
'93;
9314J
At.J.Oo.A W.-tat, Ba;
Oreg. Short L.— 1st, Bs
70^4
99\
81
Ut.So.-Oen.,78, 1909
Extcn., Ist, 7b, 1909'
Mo. Pao.— l8t,
.3d, 78, 1906
Pac. of
89 la 70
•68
cons., 6s.'
Mo.— Ist,
Os...
2d, 78. 1891
BtL.A 8.F.— 2d, 6a,
Pac—
Income
87
A Id. gr., reg.
RioG„69,Aiig.cp. on..
do ex Aug.coap,
Pennsylvania RR.—
Pa.Co.'s guar.4ia8.l8t.cp
i
Coupons
e<r.
;
saud'kv l)iv.— Inc..l9'20
Laf
I
AM un.-lnc.,7s,'99
w—
pref., debentures..
3d, pref., debentures.
4th, pref.,
•III,
iri^l... UCUCUVUlca
debentures
•2d,
lOOV
99
Bl.
A
94
102
.llU
.
Incomes
Mil. L. sh.,t
Mob. O.— lst,prf ., deben.
911a'
CIA 100
A
Leh. A Wllkosb. Coal— '88
MLake K.A W.-Inc..78,'99
98 y
92
100
r
.
16
•13
•13
55'
25
'S.Y'.P.AO.— l8t.lnc.ac..7.'
99»4il00ia Ohio Cent,— Income, Hr2(
Mln'l Div.— Inc.,7s,1921
iba"
Ohio So.— 2d inc.. Bs, 1921
106" lOgdcns.A L.C.— Inc.. 1921
1021,
'PeoriaD.AEv.- Inc., 192t
1051a
51
49
30-
—
—
99:'s
31s
22%
I
3ft
bd"
i
.
'•N.Y'.l.akoE..tW.-Inc.8i!
I
.
— «l
'I
90i*j 901a!
......
S-69, Class C. 1906....
3.69, Class B, 1906....
O.
Is*.. 68, Pierce C.
Equipment. 78, 1893..
Geu'l inort., 68. 1931..
So. Pac. of Mo.— lst,68
1st, 08,1905
Tex.A
Consol., 68. 1905 1
'ind'slJec.A Spr'd— 2d,inc.
TrUHt Co. certificates..
.13 "a
90
80
AtC.A P.-l8t,6s,1905i
N.Y.AM. B'h—lst./».')<7
made this week.
prices Fr.duy; those are latest quotations
;
'
C.Br.U.P.— F.c.,7a,
Div.— 1st, 6s, 19-21
'2d, 3s, 1980
Nsshv. A Dec.— 1st. 78. '114
B.A N.Ala.-8.f.,68,1910
:06>a
i
I
l'25ia
8t. L.
Ati.-lst, 68, 1920;
Clilc.AW.lnd.-l8t.s.f., 6s 100
Gen'l raort., 68, 1932....; 100
Col.*(lrcen.-l8t,08,19161
88, 193')
(
'
1931
CecUian Br'ch-78, 1907
N.O.AMob.-i8t.l)s,1930
BtP.&S.C.-l8t,lis,19l9| 117
Cblc.
A W.
lat, consol., &s.
'
.
A Erie— New bds
Louis. West.— lat, 6s...
Louiav. A N.— Cousol., 78.
J
Oaic.SLL.A P.— l8t,con.6s| "7113
ll02=8
,102
Consol., coup., let, 78.
Consol.-i reg.. lat, 78...
Consol., coup., "id. 78..
ConBol., reg., "id. 78 ...
Long lal. KK.— iBt, 78, '98
Peolusnla— ist, conv. 78 117
Wln.ASt.P.-l8t,78,'87
2d, 7s, 1907
l(U.AMad.-lst,6s,1905
Ott.C.K.*si.p.— ist.;e
O.U.C.AInd's— l8t,78,B.fd.i
L8hore.-M.S.AN.I.,s.f.78
Cleve. A Tol.— Slnk'g fd.
New bonds, 7s, 1886..
Cleve. P. A Ash.— 78
Pigeon— iBt..
Det.M.A T.— l8t,78,1906
Lake Shore— Div. bonds
89.,!
CWcAMUw'kee— Ut.78
65
Kal.
Escauaba A L.S.— l8t,68 108
De« M. A .Min'ap.— lat,7s| 116
lowaMidland— iBt,
Coupon, 68. 1909
Kent'ky Cent.— M.68, 1911
stamped, 4 p. (.,1911 ..
Buff.
I
'
,
1st, 78,
I
'
97
961a
95I11I
Conv.,a«8entcrt,7s, 19021
Gr'nBayW.ASt.P.— l8t,68
Arynstniout, 78, 1903. ..I 10213 103
Gulf Col.A 8. Fe-78, 1909
63
Conv. (lebeat. «s, 190S..
'id, 6s. 1923
88
Lell.AW.B.— Con.g'd.aa.
Hann. A St. J08.—8s,coDv.
80
Am.D'kA Imp.— 58, UI21
Consol. 69, 1911
Chic. Mil. A St. Paul—
Houston & Texaa Cent
130
Ist, 89. P. D
l9t, M. L., 79, 18911
123 125'a
2d, 7 3-10, P.D., 1898
l8t. Western Div.. 78t..
Ist, 76, $g., K.D., 1902. 126
lat, Waco A No., 7st....
Ist, LaC. Div., 7s, 1893. 117
2d, consol., niftlaline,8e.
117^4
US', 2d, WacoA No., 88,1915
1st, I. A M., 79, 1897
II712
iRt, I. A D., 7s, 18-09...., --General, 68,1921
1st, C. A M., 79, 1903... I'fl
H0U3t.E.AW.TeX.— l8t,78
118 119
Consol. 7s. I9O0
2d. 68, 1913
119>4 lU. Cen.-Spd.Dlv. -Cp.68
l-t,78, I.AD.Ext.,1908| 119
111
1st. S.W. Div., «s. 1909. 109
Middle Div.— Reg., 59...
l8t,68,LaC.&Dav.,19i9
C.St.L.A N.O.—Ten.1.,78
123
lst,S.Miun.Dlv.,Bs,1910l lOSH; i09>il
1st, consol., 78, 1897 ..';
118
118
1st, H. A D., 78, 1910...
2d, 68. 1907....
104ia'l
Chlc.APaC.Dlv.,B9,1910' 112
113'ii
Gold, OS, 1951
lst,Cllic&P.W.,D9,iy21' 93% 93 «
'id DlT., 78,
Dub. A S.
Mln'l Pt. Div., 5s, 19)0.
Ued. F. A Minn.— l9t, 78'
C.AL.Snp.Dlv.,58, 1921
Ind. Bl. AW.— iBt pref., 78
W18.A Min.Dlv..58,192ll 93>»' 9334
741a
1st, 4.5-1)8, 1909
91-8
90
Terminal 08, 1914
2d, 4-5-68. l'J09
Clxic. A Northwest.Eastern Div., 6b, 1921..
Sink, fund, 78, 1885
104VIndianap.D. A Spr.— l8t,7s
Consol. bonds, 78, 1915.1 135
1351a
2d, 58, 1911
'libsii
Kxt«n8lou bonds, 79, '8aJ 104V
IntAGtNo.— iBt. 8s, gold
I
w
1
'
—
--.— 127
1917
Keok.A DesM.- l8t,5s| 105
I
.
Collat'l trust,«s,lU22.
BufT.A S.W.-M.,6s,1908
Ev. A T. H.— iBt, cons., 68
Mt.Vern'n— l8t, 6s, 1923
Fargo A So.-lst, 63, 1924
Fl'tA P.Marq.— M.68,1920
Ist, 68
Gal. Har. A S.Aat
2d, 7a, 1905
West. Div.— l8t, 58
2d, 68. 1931
Plain 4s, 1921
i*;™-C B.I.& P.-88, cp., 1917. 127
1
.,
N.Y.L.E.AW.-.New'2d6
ll'f'i'
Sd. 7s, 1912
j
BuflfN.Y.A E.— lst.1916
ISO's'
—
136
180 >4
137
181
Clev.A Pitts.— Cons.s.fd. 12213 125
Registered, 5s, 1931....
107
4th.a.fd.,B8,1892
Jaok.Lan.A8ag.—6s, '91.
94
St.L. V.& T. U.-l8t,g.,78 114
Milw. A No.— 1st, 6s, 1910
2d, 78, 1898
Ist, 6a, 1884. 1913
"99'
983,
2d. guar., 78, 1808....
Mll.L.8.AW.-l8t,89,1921
96 I....
80
PlttB.B.AB.- lst,6s. 19111'
Mich, div.— 1st, (is, 1924
Pilt-. Cleve. ATol.-lst,6s 1061a 108«4
Mlnn.A Ht.L.— l8t,78, 1927 118 1'20
Plttn. Jnne.-l8t, 6a, 1922,
Iowa Ext.-l8t, 78, 1909 112
98 .'100
Rome W.& Og.— ist,78,'9 109
2d, 7s, 1891
Con., l8t, ext., 6s, 1922.
71>a
8'thw.Ext.—l8t, 78,1910 112'4'113la
102 ii'.-.... Koch. A Pltt-i'st, ^8.1921 108
Pac. Ext.- iBt, 68, 1921
66
Con.sol., Ist, 6s, 1922....
Mo.K.A T.-Oen'l,08,1920 64
5OI4
60
61
RIch.AAUeg.— l8t.7e,1920
General, 5s, 1920
96 la 96
1021a 102^4 KIch.A Danv.— Con8Mg.,6s
Cons. 78, 1904.5-8
64
60
Debenture Bs, 1927
Cous. 2d, income, 1911..
Atl.A Ch.-l8t,pf.,78, '97 108
H. A Cent. Mo.— Ist, '90
Incomes, 19l
Mobile A Ohio— New 68.. ibs'ii''
80
Scioto "Val.- Ist, cons., 7s.
Collater'l trust, 6a, 1892
St. L. A Iron Mt— 1st, 78 114>,
lat. Extension, 6s, 1927
104
2d. 7b, 1897
Morgan's La.A T.— Ist, 8s|
Arkanaaa Br'ch— Ist, 78 105 106
1st, 7s, 1918
105
Cairo A Fulton— Ist, 7s 103
Naah.Chat. A .st.L.— lst,7s! 116
103
Cairo Ark. A T.— Ist, 78
2d, 68, 1901
69
1D4
1887...'
Gen'l r'y A 1. gr.. 58,1931
70.
Central—
68,
N. Y.
103i4'104
110
St.L.AltonA iTh.— l8t,78:
Deb. certs., ext'd 63
110"
2d, pref., 78, 1894
N.Y. C.A H.— lat, cp.,7a: 131
131
97
98
2d, Income, 78, 1894
l8t, reg., 1903
102 103
Bellev.A So. 111.— l8t, 89
Deb. 5.S. 1904
St.P.Minn.A Man.- lst,78 109
Registered
110 111
•2d, 88, 1909
Hud.Rlv.-78^d, s.f '85 101=8
Dakota Ext.—68, 1910.. 110 llCa
Harlem —iBt. 78, coup. . 131'4i
131li;l
1st, COU80I., 68, 1933.... 1021a 103
Ist, 78, reg., 1900
Ist. cons., 6a, reg., 19:13.
N.Y. Elev'd—Ist, 7s, 19061 1151a 117
Min'a Un.— lat, 6.S, 1922 ioii'
N.Y.P.A O.— Pr.l'n, 6a, '95 "34"
"sij" St.P.ADul.-lBt,58, 1931 100
N.Y'.C.A N.-Gen.,0s,1910
35
104
•331a
So. Car. R'y— Ist, 68, 1920 103
Trust Co. receipts
87
2d, Os, 1931
N.Y. A. N. Bngl'd— lat, 78 lOaia'lOS
•95
.Shenand'hV.— l8t.78,1909
1st, 68, 1905
9014 911a
General, 63, 1921
N.Y.C.ASt.L...l8t,88,1921
75
691a 75
Tex.Cen.— lat, a.f.. 78,1909
2d. 6s, 1923
69iai
35
Istmort., 7a, 1911
N.Y.W.Sh.A Buff.— Cp.,6s
Tol. Del. A Burl.— Main.Os
Registered, .'is, 1931
Ist, Davt. Div., Ba, 1910
N.Y.Susq.AW.- 1st. 68. .t
lat, Tefl truat, 6a, 1910
Debenture. Ga, 1897
"70""
'75
Tex.A N. O.-lst, 78, 1905
Midland of N.J.— lat, 6s
79
Sabine Div.-.lat,6s,1912
N.Y.N.H.AlI.-lst, rg.,4S| 106
60
Va. Mid.— M. inc., ii», 1927
Nevada Central— lat, 68-.
N.Pac.— G.l.gr., l8t,cp.,68 100 IIOOI4' Wab.St.L.APac.— Gen'l 6s •34 1« 37
721a 72»4
Registered, 8s. 1921
.".""60'" Chic. Div.— 5b, 1910
Hav. Div.—6a, 1910
N.O.Pac.-lst,6s,g.,1920t
86
93i,!
Tol. P. AW.— lat, 78,1917
NortAW.-Gen'l, 68, 1931
60
Iowa Div.— Bs, 1921
New River— Ist, 6s, 1932 »94 95
117
Ind'poUs Div.- 6s, 1921
OhioA Mis8.—Consol. s.fd.
Detroit Div.— 68, 1921 ..
Consolidated 7a, 1898.. -i 117 I120
Cairo Div.— 09, 1931 ....
2d consoUdated 78, 19111 !"
Wabash— Mort. 78, 1909
1st, SpriuRfleld DiT., 7s
107
Tol. A W.— 1st, ext., 78 105
OhloCentral-lst, 68,1920' 65
94
97»4
1st, St. L. Div., 73, '89,
Ist, Term'l Tr., 6s, 1920
91
2d. ext.. 79, 1893
Ist, Min'l Div., «a, 1921;
•30
Equipm't bda. 7s, *83.
OWoSo.— Ist, 6s,1921 .... 84ia^ 86
«i
Conaol. conv., 78, 1907
Oreg'nA Cal.-lat.68,1921' '.".'.'.j'68"
GtWest'n- Ist, 7s, '88^ 1061a 106
Or.ATran8c'l-88,'82.1922
91
93
741a 76
2d. 78, 1893
Oregon Imp. Co. — 1st, 6s.
Q.A Tol.— l8t.78, 1890|
Oreg'n RR. A Nav.— lst,88[ 10739
99
Han.A Naples— Ist, 78
DeboilMllv.i. l.s, 1884.. .1
111. A So.Ia.— l8t,ex.,08
Panama— S.f., 8ub.6s,1910,
981a 102
St.L.K.C.&N.-R.e.,78
Peoria Dec. A Ev.— Ist, 6e
108
Omaha Div.- lat, 78
Evan9.Dlv.-l8t,88,1920
Chir'da Br.—68, 1919
Peoria A Pek.U'n— Ist, 6s
80
6t.Cha8.Bge.— lat, 6»
Pacific Railroada—
llOig 11034
No. Missouri- lat, 79. 111 111%
Oentral Pac— G., 68
WestUn.Tel.- 1900,coup. 110
San Joaquin Br.—.69.. 1051a 108
110 111
100
97
1900, reg
Cal. A Oregon— Ist, Bb
97
N.W. Telegraph— 78, 1904
Cal. .t Or.-Ser. 1!, Bs.j
69
Land grant bonds, 6b. 101 1021, Mut.Un.Tel.-%.fd,68,1911
108
INCOME BONDS.
West. Pac— Bonds, 6b 100
^^Intfre^f i>ninbft if earned.)
No.Rway(Cal.)— Ist, 69;' 103
96
l8t,B8
961a' lAlleg'nvCent.— Inc., 1912
80. Pac. of Cal.
16>« 17
'Utl. A Pac— Inc., 1910.
8o.Pac.of Ariz'a— Ist, Os
'Central of N. J.— 1908..
Bo. Pac.of N Mex..-l8t,68
Cent.Ia.— Coup. deb. certs.
Union Pacific lat, 6s ..' lll'ii
Land grants, 7s, '87-89, 103 ...., Chic. A E. lU.-lnc, 1907
DesM.A Ft.D.— lst,lnc.,09
Sinking funds, 88, '93.' II7I4 ....
117 I.....
Det. Mack. A Marn.- Inc.
Reg. 89. 1893
12
E.T.V.AGa.— Ino.,0a,1931 11
CoUateral Trust, 6s...; luo
Elizub. C. A Nor.— 2d. inc.
do
58,1907;
Or.BayW.A St.P.— •idjlnc. ''a "a 16"
Kans.Pac — lat, 88, '95' iioiiiiVs
lUB"! ...
lud. Bl. A W.— Inc., 1919
Ist, 8s. 1896
^^ t,t C0U.90I., inc., 68, 1921...
Deuv.Dlv.Gs.as'd, '99 185 -a' 10814
98
1
1
EUz.Lex.A Big Sandy— 68
Erie— Ist, extended, 78 ...
'
FUW.* Ctalc— Istj
2(1,78,1912
'
1st, 88, 19'20
120
2d, (300), 78, 1898
2d, guar. (188), 78, '08: -.•-
flS>a
1
Pitts.
[
EUz.C.AN.-S.f.,d6b.,0.,6s
etUJack. ACWc.-lst HS/"
lst.i[nar.(684),78, '94 i^JV
96
Pa. Co.'s Reg., 1921
Pltt.C.4 8t.L.— l8t,0.,78| 119
Ist, reg., 7s
2d, 78,1913
I
.
Blnklng fiinrt. Us, 1903..
La. A Mo. KIT.— l8t, 7b.
2d, 7a, 1900
93^
I
7.S,
E.T.Va.Aa.-l9t,7 9.19001
Ist, cous., 58, 1930
Divisional 58, 1930 1....
Mortgage bs. 1 91 1
Ches.O.&S.W.-M. 5-63...
diloago A Alton- Ist, 78.
6e, reg..
y
DetMack-AMarq.- l8t,69
Land grant, 3 i^s, B.A.
&
j
'
104
1921
Denv.A Rio Or.-lst, 1900
Ist, consol., 78, 1910.
Den.So.Pk.A Pac.— Ist, 78
Den.A HloO.We8t.-l8t,68
I
Bid.
ipeyipenn. RR.— Contlnned-
1
A Sar -Ist, cp.,7s
Ist, reg.,
SECURITIES.
Ask.
Bid.
'
A
i
SECURITIES.
MetropoUt'n El.— l8t,190» 100
92
'2d, 68, 1899
Mex. Cent.— Ist, 78, 1911
l8t M., 7s, ex-cp^ 6,7A8
MIcU.Cent.- Con8.7», 1902 126
'lOS
Consol. 58, 1902
6s, 1909
Coupon. 6s, 1931
Morris ift Essex— Ist, 7s
2d, 78, 1801
Bonds, 7s, 1900
780f 1871. 1901
(Stock ICxt-h'iiiije PrUfx.)
Ala.CeiitrsI-lst.fis. ml!*
AU.
Bid. |Aak.|
* W.—Contln'd—
Del. L.
Evansv.Dlv.—Iu 11*21
Peoria A Pek.Un.- lnc.,6.
Roih.A Pitlab.- Inc..l92
Rome W. A Og.— Inc.. "s
'..
I
75
38
53
50
l8o.Car.Ry.— Inc.. 8<, 193
,,St.L.AI.Mt.— l8t,7<,pr.l.a
95 l.......!l8t.L.A.A'r.H.— Div.l^l-
60
31
•25
32 It
36
..
—
.
THE CHRONICLE.
118
RAILROAD EARNlMes.
Latest Earnings Reported.
Week or Mo
|
New York
Jan. 1
to Latest
Date
1883.
1834.
1885.
1884.
$
$
$
$
[Vol. XL.
Banks.—The
City
wk Jan.
wk Jan.
wk Jan.
Central Iowa ... Lst wk Jan
Cheesp. & Ohio. ^dwk Jan.
EUz.Xex.&B.S. 2dwk Jan.
Ches. 0.&8.W.. 2d wk Jan.
Chicago & Alton 2d wk Jan.
Chlo.& East. 111. 2d wk Jan.
CMo.MU.&St.P. 2d wk Jan.
Chic. & Nortliw. 2dwk Jan.
Ch.et.P.Mui.&O. 2dwk Jan.
Chic. & W. Mich. 2d wk Jan.
Cin.Ind.8t.L.&C. 2dwk Jan.
CIn. N. O. & T. P. lst wk Jan
Cin.Wash.&Balt. 2dwk Jan
Clev.Altron& Col 2(1 wk Jan
Denver & Rio Gr. IstwkJan
Dea Mo. & Ft. D. 2d wk Jan.
D©t.Lan8'g& No. 2dwk Jan.
Dnb.&SioiLxCity 2d wk Jan.
wk Jan.
2d wk Jan.
2d wk Jan.
BvansT. &T. H.
Flint & P. Marn.
Flor.R'way & N.
Grand Trunk...
Or.BayW.&St.P.
m.Cent. (111.)...
Do
2d
Wk.J.iu.lo
2dwkJan.l
2d wk Jan.
2dwk Jan.
(Iowa)
Ind.BIoom.&W. 2d wk Jan
Kentucky Cent'l 2d wk Jan.
Long Island
2dwk Jan.
Loui6v.cfeJ.'a8hT. 2d wk Jan.
Mexican Cent... 2dwk Jan.
mi.L.Sh.&West. 3d wk Jan.
Norfolk
&
2dwk Jan.
2d wk Jan.
2d wk Jan.
2d wk Jan.
2d wk Jan.
2d wk Jan.
2d wk Jan
'2d wk Jan.
2d wk Jan.
2dwk J»n.
St wk Jan
West-
ShenandoahV.
Ohio Central
Peoria Dec.&Ev.
Boch, & Pittsb'g
Bt.L.Alton&T.H.
Do
(brohs.)
Bt-L-it.
8.&W.
Bt.L.&San Fran.
t.Paul&Dul'th
Tex.&St. Loula.
1
4,748
46.721
64,000
19,116
63.404
10.598
21,727
175,626
33,139
7,322
58,294
87.000
20,998
68,199
11,660
29,228
172,381
33,424
362,000
381,600
78,200
34i.,703
317,800
80,900
24,691
38,677
34,558
31,359
17,74)5
46.092
44..'186
37,009
7,184
82,386
7,159
19,836
19,196
10,2a7
42,93^
21.267
253,313
7,231
85,08S
6,813
15,828
16,554
12,991
34,69s
23,653
285,598
5,286
255,600
30,700
52,337
13,105
38,710
271,530
er.'oo
16,353
65,189
12,606
15,991
16,230
19,701
23,56^
14.270
7,811
215,497
35,766
51,091
11,644
34,014
207,230
34,729
16,445
43,533
10.540
20,186
16,70U
1.-1,400
26,329
15,307
7,811
66,643
15.887
18,034
7,98.
82,131
18,380
17.191
Latest Earnings Reported.
15.335
110,727
178.000
20.9!t3
133,361
23.232
53,840
324,642
65,045
6t 8,000
6S3.900
146.400
33,850
87,771
44,380
73,663
14,398
85,035
11,240
27,896
29,195
25,493
64,342
47,601
578,519
9,826
450,800
54,300
98,899
25.789
79,122
513,335
130.700
49,0 5
115,332
23,122
t3,719
27.459
42,202
41,960
26,65(1
14,883
14.">,261
30,65f
17,196
Jan.
9.615
82,523
12J,000
IP, 146
126,517
21,196
42,591
325,048
55,336
659,705
393,000
139,000
42,120
73,978
34.558
65,356
14.236
82,886
12,029
33,077
30.830
20,374
77,444
43,089
503.973
13,160
373,207
58,439
92,113
23.233
09,167
418,085
83,456
46,130
89,094
21,115
37,431
26,570
30,800
46,500
26.804
12,515
121,910
31,773
18,034
lioL atest DaU.
Boad4.
Week or Ml.
1883.
1884.
1884.
1883.
*
f
S
.1
AJ«.Gt.Southem December.
147.375 108.995 1,155,136 1,071,829
December. 1,282,739 1,312,739 16,339,510 15,919,440
Atoh. T.& S.Fe
Atlantic & Pac. December.
130,000
Central Paclllc.. December. 1.645.000 1,868,458 22.113,515 24,744.420
Burl.
November.
2,233,891
Chlo.
<fe (}.
2,562,773 23,423.313 23,930,450
Ctov.Col.C.& Ind November.
319,708 370,079 3,457.633 3,996,240
Danbury
Denv.
<fe
Nor. October...
& R. G. W. December.
.Tenn.Va.&Qa. November.
Ft. Worth
& Den. December.
Gal.Har.ct S.An. October...
GnllCol.&SanFe December.
Hous.E.&W.Tei October...
K.CFt.S.&Gull 4th wk Dee
K»n. C. Sp. & M. 4th wk Dec
L.Rk.&Ft.Smith November.
L.Bk.M.Rlv.&T. Nov ember
La. & Mo. River September
M»r.Hough.& O. December.
Uempb.&Charl. December
Mex.Nat.,NoDrf
Southern Dlv.
Other lines e..
Milwaukee & No
4th wk Dec
4th wk Dec
4th wk Dec
December.
lflnn.&St.LouiK October..
Koblle<S(Ohlo.. December.
HMh. Ch.& St.L. December.
M.O.&Northeast December
H.Y. & New Kup November.
H.Y.L.Erie&W.ff November.
N. Y. Pa. &0. November,
F.Y.Susq.&West November.
K.Y.Ont. &W.. November.
Worthem Centr'l December.
Northern Pacific December.
Ohio & Miss
December.
Ohio Southern December.
Oregon & Cal... November
Oregon Imp. Co November.
Pennsvlrania.
November.
Phlla. &Erie... November
Phlla.& Read'gA November.
Do C. & Iron November.
Blchm'd&Dauv. December.
.
Ch. Col.A
Aug December
Colnmbln&Gr December.
Georgia Pac. December.
Va. Midland.
West. No. Car.
Home Wat. &Og
Bt.Johnsb.&L.C
B(.P.Mln.& Man
•entb Carolina
.
December.
December.
November.
October...
December.
November
Bo.Pac.Cal.,N.D October...
Do Bo. DiT.t October...
Do Arizona.! October...
Do N. Mex i October...
Tol. A. A. <t N.M December
21,973
97,444
323.097
380,180
25.289
335,241
144,588
23,830
56,949
41,710
80.557
43,353
70,004
21,425
182.343
14,132
24,350
2,846
39,185
171,746
285,936
197,512
93,154
254,420
21,109
67,802
180,659
178,425
339 178
3,020 977
3.616,819
459,252
2,320,280
1,764,835
213,316
2,395,843
1,216,483
512,558
313,445
501.382
822,705
3,079,967
3,709,330
386,898
2,993,119
2,124.440
266,337
1,995,612
409,666
31,271
436.112
195,023
37,428
44,650
70,052
50,133
70,665
20,792
150,749
39,023
151,576
289,246
209,999
56,932
310,092
1,371,519 1,776.173
487,970
97,276
133,57^
442,26i<
739,544
314,907
47,3lt
90,70C
305,057
3,950,937
326,289
593.t0?
86,733
135,442
409,132
856,184
361,022
35,207
114,174
334,247
4,473,479
376,662
3.654.91b
2,554,13c
l,64e,577 1,756,585
366,710
334,64C
83,096
77,914
82,39C
65,57C
71,87b
38,88£
115,614
118,443
37,24e
33,784
151,461
135,975
25,752
826,29£
133,831
164,141
1320,825
168, 13i
68,99'2
23,50(
55),651
772.392
218,970
510,034
478,063
1,497,029 1,303,435
2,161,761 2,286.642
2.358,682 2,328.894
332,925
176,919
3,007,922 3,411,333
15,279,090 19,028,976
5,167,418 6,311,600
946,524
929,832
5,521,878 6.083,131
12,591,620 10,149.050
472,C02
361,090
3,143,398 3,797,529
44,797,583 47,242,734
3,379,022 3,851,537
24,548, lOS 23,002.556
15.386,151 15,969.030
3,873.724 3,845,162
776,746
828,901
688,901
737,897
1,590,09£
440,122
1,589,588
27,666
240,39S
699,48( 8,275,387
124,82(
1,102,095
125,582 1.234,048
t.U3,274 12,995,452
1,534,10,'
215,7o<
75,671
579,70f
19,59*
239.413
2,625,88! 23,4.59.08(
93,471
l,038,93E
66,75S
604,66(
,
490,314
361,326
494,436
900,691
1,686,192
382,037
1,541.50!
235,597
8.394,6(0
1,198,100
1,085,897
13,457,565
2,103,397
678,151
201,124
26,393,747
1,174.736
527,450
Union Pacific November 2,426,771
Utah Central.
December.
76.32(
loksb'rg & Mer December.
62,79;
VUskaX>.Sb.&P&c December.
20.3.57
55,55(
291,666
i39,-;oo
Wab. St. L. & P December. 1,443,38; 1,518,287 16,696,381 16,908,463
Weet Jersey
0( tober. ..
92,86(
88,232 1,153,672 1.071,156
Wbconsln Cent' December. 127,991 117,798 1,434,12b 1,446,730
.
d Corpus
Chrlstl to SaltlUo, 397 miles; up to May embraced only
Laredo to Balttllo.
e Only 136 miles now, but prior
to May represented 297 miles,
g Not including earnings of New York
Peon, lit Ohio road.
A Not including Central New Jersey in either
t Included in Central Pacific earnings above.
.year prior to June 1.
JDoe* not include Colorado Division in October in either year.
236
miles,
following statement shows the
New York City for the
conciition of the Associated Banks of
week ending January 17, 1885:
Amount of—
Averaoe
\
B08t. H. T. & W. 2d
Bur.Ced.R.&No. 2d
Canadian Pacific 2d
:
.
Banks.
Loans and
Discounts.
S
New York
Union
America
Phenlx
Chemical
Merchants' Exch.
10.682.800
2,601,000
7.304,300
2,160,300
981,300
13.890.200
2,893,400
Gallatin National..
ButcherH' & Dror..
4,1>41.800
1.5;i0.700
Mechanics' &Tr..
662.000
773.100
2.891.400
City
Tradesmen's
Greenwich
*
Leather Manaf'rs.
Seventh Ward
State of N. Y
Americ'n Kxch'ge.
Pacific
Republic
Chatham
Peoples'
Nassau
Market
.
.
Nicholas
Shoe & Leather..
St.
Corn Exchange
197,300
1,094,400
1,086,200
...
6,047,900
3,8-24.400
82d,-200
1,123,800
344.'200
251,400
293,200
319.600
610,000
814,400
653,100
431,100
381.800
638,000
467,000
760,200
614,000
2.183.490
2U,900
114.300
2.236.200
1,606,000
94.300
8,9H8,200
4,973,300
1,620,(100
2'2,000
1,006,100
166.600
5.283,700
2.213.000
662.000
1,807.400
4,364.700
1.033,200
13,23'2,600
Central National..
Second National..
Ninth National...
6,,'>37,OO0
2.063,000
4.405.400
17.035,300
First National...
Third National ...
N. Y. Nat. Kxch..
4,911,5011
N. Y. County
Geriiiau..VtQerlc'n.
Chase National...
Fifth Avenue
German Exch'nge.
Oermania
United States
401,000
257,600
774,600
751.300
813,600
134,000
255,200
959.900
317,700
131,200
127,400
874,700
999,300
1,131,200
2,771,900
Pltth National....
B'k of the Metrop..
report
;
same
371,'200
310,300
874,000
190.900
195.800
151,500
181,800
187,800
665,300
12,903 000
9,520.000
8,084,600
8,694,000
4,008,600
12,408.100
2,245,000
16,601,400
2,049,100
1,718,700
18,994,800
2,953,900
3,596,600
1,789,600
830,000
910,400
2,504,800
1,190,500
3,945,600
14,015,000
16,991,800
4,738,000
8,664,700
2,972,100
5,452,600
4,241,200
1,805,200
3,449,100
9,038,200
3. 111.000
3.845,200
460,000
340,000
1,100
254,000
40,200
292,500
605.400
201,600
2,600
524,000
29,100
818,900
900,000
854,000
423.000
46,000
6,400
S"u0.600
316,400
270,000
2,»'i3,800
2,401,900
2,181,400
3, S 00,000
4,697,100
6,443,000
1.980.000
25,072,800
23,215,400
1,688,000
978,600
16,160,700
8,920.000
2,696.000
6,927.400
18,746,700
6.279.500
441,000
1,208.91)0
179,700
225,000
180,000
440,000
76,700
985,800
46,000
224,100
380,000
297,000
46,000
45,000
449,900
2,120,100
2,311.000
3,072,200
4,116.200
2.853,900
2,350,400
2,444,500
3,708,600
1,661,000
45,000
IfcO.OOO
45,000
180,000
185,000
936,'200
1.166,000
3,013,000
as last week.
The following are
1836.
tion.
S.
•296,337,800 98,485,600 41,091.700'353,726,100 11,311,600
Total
No
"
2.207,300
244.000
237.200
1,309.000
1,593.000
270,000
703.300
1.' 27.800
611.200
311,000
274,100
555,400
204,600
209,4011
1,158.900
1,900,900
1.809.900
2,818.200
3.251,000
2,381.900
1,586.000
1,845.200
3,306.800
1,406,200
Bowery
230,1100
1,399.300
1,740,000
16,924.000
17.658.600
Park
North River
East River
Ponrth National..
273,700
282,300
176.000
248,700
196,600
385.800
2.094.000
2,406,700
648,500
814.300
276.700
700,400
1,131,300
178,200
636,000
801,600
685,000
2,71,1.000
Continental
Oriental
rmporters'A Trad.
SI. 600
l.'224.300
6,786.400
163.700
1,442,600
6.705.200
367,000
1.758.300
916,900
1,167,000
836,400
7,890.400
2.409,000
2,463.500
2.127,500
2,678,600
2,003,300
Citizens'
622,000
1,756,900
923.000
331,300
1,178,100
310.100
1,224,000
4.8;'9.000
3,12i(,400
...
Irving
1.263 000
43d,500
160,000
106,600
735,300
278,400
2,639,300
12,691.000
17,430,600
6.165,400
6,150,900
2,121,400
6,336,100
3,142,100
1,536,100
Mercantile
North America
Hanover
29(1.000
9,467,400
437,800
1,04'2,700
Commerce
Broadway
than V.
$
2,842,000
3,170,000
1.3S6.900
3,701,000
1,188.300
4,302,500
4, 321, POO
...
Circula-
other
Trndert.
$
11,912,000
8.066.000
6,764,600
6,996,000
Manhattan Co
Merchants'
Mechanlca'
mt Deposits
liegal
Specie.
£,oan<.
totals for several
weeks
Speci*.
Deposits.
$
$
past:
Circulation Agg. (ylsar'ns
Jan. 3 297,887.700 87,887,300 37,356,9(10 3l0.81.f,300 11,398.800 520,508,479
'•
10 296,153.600 95.177,00(1 39.779,200 349.247,300 1 1.262.'i00 16.152,177
" 17 21)5,337,800 38,483,600 11,094,700 333.726.100 11,311.6001524.875,451
Boston Banks.
1885.
—Following are the totals of the Boston banks
Specie.
L. Tenders.
$
$
Deposits.*
Circulation! Aqq. CUar'at
t
70,094,062
69,281,591
6,423,'200 100,659,600 23,271,600
6.457.500 101,-29 1,600 23,18 i,3U0
6.499,600 102,896,900 23,093,601'
Jan. 3 145,724,800 7,347,600
" 10 146,288,900 8,022,300
" 17 148,833,800! 8,234,700
Philadelphia Banks.- -The
09,611),086
totals of the Philadelphia
banks
are as followa:
Ue posits.'
Lawful Money.
Loans.
1885.
Agg. Ulsar'gs
$
24.723,819
73.581,005
72,927,921
73,713,331
26,226,804
73,013,654
26.63;l,'291
73,514.862
72,548,288
Including the Item " due to otner banks."
3
Jan.
"
10
"
•
17
Securities.
I
Bid.
Ask.
a
& Pac— Stock ...
Accumul, land grant
B'klyn Elev.— lst, ass'tpd
Bank. JiMerch.Tel.— lst
Gen. niort
H.
<fc
15
Ohio Cent.— RlT. Dlv., lst
Incomes
K.— New stock
Old
U.T.* Wegt.-Stk.'
46
Debentures
Buir. N. Y. * Phlla...
,
Sdmort
6",
61<9
A N.— Adj.
Mexican National
1st
St.
41>ii
42
19
221-;
&••
7
35 (.J
60
10
13
VHt
39 >9 40\
Mnt.Un.— St'ck tmst ctfs
M.K. AT.— Income scrip
Mahoning Coal A RR....
.
N. Y. M.
»U
10
t7n.
Tel.—Stock
mort
Joseph
A
Western
—
State of Tenn.— S6t'm't.3s
settlement, 5e
Settlement, 68
Texas A Pac— Scrip 1884.
Old scrip
New scrip
& St. Louis—
M. A A. Dlv., ass'tpd...
Tex.
M. A A
Dlv., l8t mort.
M.AA.Dlv.,lncome8,a8 p
Texas..
6s, 1st mort.,
Gen. Ist.Ul.gr.Alnc.asp.
U. 8. Electric Light
.
VlcksburgA Meridian...
20
Pref
48
mort
2d mort
Incomes
lst
32»<
49 'e
14
161a
l'«
l-a
2
22 Ig
79
8
29
mort
m
2=i
..
mort
1st
Southern Tel.— Stock
11>«
bonds
Pref
3
73
7>e
60
Postal Telegraph— Stock.
let mort., 6a
Keely Motor
Loolsv.
A Atlantic
l8t moit
Pittsburg A Western
Peusacola
Host.
W
2>a
7-2
.
M
Pref
Trust bonds, 63
Continental Con8t.Imp.Co
Denver & New Orleans
Denv.dt Rio Grande— cons
Se
Denv.A Rio Or.
Den. R. G. A W., 1st M.
G«ar. by D. A R. G
Edison Electric Light
Georgia Pac.— stock
1st mort.,68
SKitrititt.
N. Y. W. Sh. A B.— Stock.
North. Pac— Dlv. bonds..
North Rlv. Cons.— 100 p.c
N. J. Southern
Atlantic
1st
46,600,219
44,438,-297
past:
Am. Bank Note Co
Best.
47,678,782
7,8-24,435
latest quotations fM-
Unlisted Securities, -Following are
week
7,842.836
7,8»1,9S3
28
181a
13
64 la
11
64
OS
93
32
37
35
ml
V
27
3
27 >a
4
29
60
l-a
3Ja
3
85
60
10
96
66
It
..
January
.
THE CHRONICLE.
24,- 1885.J
119
1830-81.
«0
KnilKht oars
c;ub1 >Sc all other oars
7»
60
1882^3.
73
7»
1.042
1,138
1,133
437
074
1.177
663
683
['rfsf*.,
glailr0%d %utelliQtnct,
The iHVBaToRs' Supplkmbnt contaiiis a complete exhibit of the
Funded Debt of States and Cities and of the /Stocks and Bonds
of Railroads and other Companies. It is published on the
last Saturday of every other month —viz., February, April,
June, August, October and December, and is furnished without extra charge to all regular .<tnb.s \'ribers of the Chroihole.
Bxtra copies are sold to subscribers of the Chorniolb at 60
cents each, and to others than sub.scribers at f 1 per copy.
ANNUAL REPORTS.
7S
Miill, exp., rent,
&c.*
TotalO.iertitiny cTpenses
Maliit. of road&K.E.
—
Total
(Incl.
taxes)
Net earnings
{For the year ending Stpt. 30, 1884.)
the annual meeting of stockholders the following directors were elected for the ensuing year: Edward F. winslow,
Horace Porter, Richard Irvin, Jr., Henry Amy, Thomas P.
Fowler, Charles Bard, John B. Kerr, Cliarles S. Whelen,
Walter Katte, John L. Nisbet, Alexander Taylor, Jr., Thomas
Swinyard, Arnold Marcus. About 250,000 shares of common
stock and 16,000 shares of preferred stock voted. There was
no opposition.
The official pamphlet report for the last fiscal year has just
been issued. Mr. E. F. Winslow, the President, gives an extended historicjil account of the relations between this comBuffalo. Referring to
pany and the New York West Shore
the "changes in the lease it is said
Since the West Shore Com pan y opened its road as a through
line, the original terms of the lease and trackage agreement
have received important modifications through agreement and
arbitration. It was agreed between the companies on April 1,
Western Company should lie released
1884, that the Ontario
from its obligation to pay any sum as a minimum rental, and
should retain the whole of the earnings of its through traffic
over the leased line originating at Middletown or other points
on its own lines, and destined to Weehawken, New York,
Jersey City, or points on any connecting roads south of Haverstraw, or vice versa, until the gross earnings of the leased property from all sources shall amount to 12,000,000 per annum
for two successive years, leaving the Ontario
Western Company at prf sent under obligations to pay the 2.5 per cent only
on the earnings of the West Shore trains passmg over the
leased section, and on all the strictly local earnings. It was at
the same time agreed that the Ontario
Western Company
should have the option to renew the modified lease for another
term of ninety-nine years.
" The allowance of 60 cents per train mile to the West Shore
Company for train Eervice, named to begin with in the trackage
agreement, has been modified b3' arbitration, as provided for
in that agreement.
The question was submitted to Mr. Albert
Fink, the Trunk Line Commissioner, who reduced the allowance to 36'9 cents per mile for passenger trains of five cars and
50'7 cents for freight trains of thirty cars, 2"45 cents to be
allowed for each additional passenger car and 6 mills for each
additional freight car. This modification took effect July 1,
&
:
'
'
&
&
&
73
7»
Earnings
rnssengcr
Freight
Malnt.mn'^h'ry&cars
At
1883-S4.
OI-RRATIONH il«I> KISCAL KEgCl.TH.
Optrttiiont—
1860-81.
1881-82.
1882-93.
188384.
PiiHuongcrs ciirrlcd.
820,670
301,458
546,803
944.0P3
PuAflenKcr iiiileiM(o..
7,251,200
3,302,845 18,761,001 8^,485,364
I'rVht (Ions) ni<>ve<l
34t<,5l3
469,526
562,836
1,(<04.248
I'r'L'ht (t<ms) mileage
19,51 1,15^ 30,687,380 39,162,019 68,004,956
—
Transporfn exi)on's.
New York Ontario & Western Railway.
1881-82.
nmll&ez.oarB
t/OcomotlVM
Ano
$180,152
400,156
275,787
$.'11,789
60«,478
219,207
$334,777
704.270
248,722
1,067,* 08
8S,S7ll
$025,015
$1,030,664
$1,357,778
$1,780,939
$204,658
141,388
361,455
$250,740
171,877
425,656
$209,117
2H5,870
633,180
$285,911
515,694
953,120
$707,501
$217,544
$348,273
$188,291
$1,198,070
$159,702
$1,754,034
$35,305
$63«,5RS
* In years prior to 1881 includes
receipts from other iwaroes
these are given in income account following.
A$tet» —
in
;
1884
UENEBAL B.U.ANCE AT CLOSE OF EACH FISCAL TEAR.
Road and fqulp
$51,506,155
4,865,917
3,591,150
Other lines owned..
Cash and dem. loans
W.81i.&oror.8t's&b'8
Floatliif; equipment.
IndlriilUiil accnunts
Due from N.
212,999
2,210,123 $52,856,048 $53,153,266
7,903.934 11,677,4 00 *6,S83,074
" '
"
0^1,407
162,697
41,S0H
2,064,000
873,854
154,866
202,982
S5,4S8
1(13,10.:
W.
Y.
BUoreABuir. RR..
l>tie from W. Shore
641,820
Out. Ter. Co....
Due from Nortli Rlv.
Construction Co.
Other railroads
Kalls.tuel.&o.on U'nd
Miscellaneous
13t!,903
&
85.889
.
Total assets
61,360
637,262
lOOCOO
and
accounts un paid .
Other railroads
Individual accts
Due W. Shore & Ont.
326.210
3,93S
.
881,617
6,136
17,129
290
621,989
2,170
25,752
Ter. Co
Loans* bills payable
1,661,987
N.Y.W.S.&B.bds.sold
4,i9:',068
Miiicellaneous
Profit and loss
Total
79,761
294,150
51,195
$5^,113,933 $58,113,883 $5?,113,083 $08,113,983
2,000,000
2,000,000
2,000,000
2,000,000
Debenture bonds
bills
2,330
731,068
$60,705,274 $61,354,440 $67,776,845 $62,144,211
Luibuitlcs—
Stock, common
Stock, preferred
Pay-rolls,
3,355
525,f98
340,412
1,335
132,570
747.682
*
t239,94g
2(50.853
liabilities..
535,545
468,2s0
458,890
$60,705,274 .$61,554,440 $67,776,845 $62,144,211
* In the balance slieet the proceeds of sales of West Shore
bonds and
stock are stated as .$3,092,4o0. and the cost of "other lines owned,"
on the other side of the account, is reduced bv this amount In 1684.
Estimated anio\int to pay for $500,000 West Shore bonds
$550,000 Terminal bonds pledged.
I
to
redeem
GENERAL INVESTMENT NEWS.
Arkansas State Debt.— Governor Berry,
in his farewell
message to the Legislature of Arkansas, says: "This healthy
condition of our finances brings us, to use the language of the
Treasurer, 'face to face with the question of the settlement of
our undisputed debt.' This debt, principal and interest, is
1884.
Upon final settlement of the construction accounts there was 14,869,943, more than one half of which is interest. No interdue the Ontario & Western Company from the West Shore est has been paid thereon since 1872. The people at the recent
Company June 1, 1884, the sum of $704,424 33, which is to be election have by an overwhelming majority declared that they
applied to the payment of the 25 per cent half-yearly rental do not intend to pay what is known as the disputed debt of
account until exhausted; thus the rental of the leased line is the State, including the railroad aid, the levee and the Holford
paid in advance for a period of two or more years. The bal- bonds. Their action in that behalf meets my hearty approval,
but I can no longer see any valid reason or excuse for not makance due draws 6 per cent interest." * * *
" Some estimate of the value of the lease to the Ontario & ing settlement and provision for the payment of interest and
Western Company may.be formed by an examination of the gradual reduction of the principal of our undisputed debt. I
revenue, rental and expense accounts for the last (£uarter of fully believe that the best and only way to rid our State of its
the year, although the traffic was carried at extremely low just debts is to begin to pay them. The action of the State
rates, and that contributed by the West Shore Company was Treasurer in redeeming the Loughborough bonds met my
hearty approval. While it was he who first discovered that
perhaps less in volume than will again be the case.
Ilarned by Ontario <t Western trains
$168,721 we had the right under the law to pay them before maturity,
Contributed by Went Bliore trains
125,218 and first suggested that the surplus money in the treasury
should be used for that purpose, I fully endorsed his action in
Total
$293,967 the premises, and feel great satisfaction
that they are no longer
Credited West Shore Company upon rental account. $44,955
Allowance to West Shore Company for train service. 47,340
a charge against the State. The Auditor and Treasurer both
Expenses (and Uxes estimated)
141,050— 233.345 demonstrate by their reports that it is possible to reduce the
rate of taxation, meet all legitimate expenses of the State GovSurplus
$60,622
ernment and make provision for the settlement of this old
The income account for 1884 was briefly as follows
undisputed debt, which has so long tended to paralyze the
IXOOMB ACCOUMT FOB 1884.
energies of the people, repel immigration and retard the develRtceiptt—
Net eaminra
$35,305 apment of the State's resources. Without going into detail or
Other receiiits
202,929 suggesting the precise mode, 1 earnestly urge upon the General Assembly to make a beginning to do something to show
„Total
$238,234 that we were fully in earnest when
we said that we would pay
Dttirurtemenit —
Rentals
$218,491 all we legitimately owed, but not a dollar of the fraudulent
:
—
Equipment and Improvements
417,241
Total dtsbursementfl
Deflciency
$635,732
$397,498
Following are the statistics of operations and earnings and
the general balance for four years
ROAD AND EQBIPMENT.
:
1880-81.
Miles owned.
Miles leased.
Total operated.
345
343
1881-82.
345
345
1882-83.
claims preferred against us."
—
Central Pacific. The gross and net earnings for November
and for eleven months are reported as follows
:
.
>
.Voremft«r—
Jan. 1 to N<n. 30.
1884.
1883.
1883
1884.
Gross earuings
$1,832,411 $2,104.(339 $20,498,545 $22,875,962
14,291,410
Operat'g expenses. 1,242,256
1,303.908
14,439.912
.
.
1883-94.
345
77
297
77
422
374
Net earnings...
Central of
New Jersey
$590,155
$j00,731
Central and
$6,059,633
$8,584,552
case of Dinsmore against th e
Reading railroadsj
Philadelphia
New Jersey.—The
&
:
—
:
:
THE CHRONICLE.
120
to set aside the Central's lease, decided in favor of the Reading, has been appealed to the United States Supreme Court.
—
Cincinnati & Eastern. Several petitions have recently
been filed by the bondholders of this company requesting the
courts to permit no further issue of receiver's certificates. A
hearing was recently had of these petitions, and by general
consent an order will be issued during the present term of
court for the sale of the road.
The receiver reported to the court that he had been authorized to issue $310,000 in certificates, and of these $335,000 had
been used in completing the road to Portsmouth and in making arrangements to change the older portion to standard
fauge. Tiie receiver placed th total indebtedness, including
onds, certificates and floating debt at $1,994,000.
Grand Trunk. —This company shows an immense loss of
net earnings in November and a heavy loss for the five months.
be supposed that the shareholders will look with disfavor
on the cutting of through rates in connection with the West
The statement for November and the five
Shore road.
months from July 1 to Nov. 30 is as follows
It is to
/—
—
November.
1883.
1884.
Five monlhs.
1884.
1883.
.
«360,206 £1,544,811
£289,142
Earnings
Expenses
.
238,265
224,372
.
£1,737.787
1,112,260
1,152,30.5
[Vol. Xli.
Of which there has been set aside to pay for purchases of additional
equipment $250,000, and the balance $269,690, carried forward to surplus dividend fund and held applical'le to next succeeding dividend.
Tlie usual semi-annual dividend of 4 per cent was declared,
payable March 2. The transfer books will close on Feb. 13.
Lehigh Valley. In advance of the annual report the following is a brief comparative statement for the past two
years:
—
Total income
Operating expenses
1884.
$10,186,351
5,246.072
1883.
$11,310,171
$1,940,279
$2,057,208
2,372,242
$5,134,515
Ket
Interest
Dividends
Other oharge«
Total
Surplus
per cent.
—
Houston & Texas Central. A statement of operations of
the Houston & Texas Central Railroad Co., has been furnished
by Mr. C. P. Huntington, for 1884 and 1883, which makes the
net earnings in 1884 $161,109, as against $1,508,104 net earnings previously reported for 1883. No explanation is given
of this extraordinary decrease, and it is to be supposed that
extraordinary expenses in improving the property, or in some
other direction, account for the diminution. At all events,
the first mortgage bondholders should hold on to their coupons and do nothing to sacrifice their legal rights. Their
bonds are abundantly secured, and they had much better take
possession of the road under their mortgage than to sell out
their bonds cheaply or be misled into the supposition that this
road and its land grant are not worth $6,263,000. The state-
ment
is
as follows
Gross earnings
Operating exp6nses
1884.
$2,580,545
2,419,436
1883.
$3,251,875
2.588,957
CTumgea.
Dec. $671,330
Dec. 169.521
$161,109
1,207,820
$662,918
1,233,897
Dec. $501,809
Dec.
26,077
$1,046,711
$570,979
Inc. $475,732
Net earnings
Interest
Deficiency
Mr. Huntington's figures for 1883 given above for compari
son differ very materially from those that had been published
in Poor's Manual, in the item of operating expenses, and for
the purpose of comparison with former years the table following is made up, the figures for years prior to 1884 being taken
from Poofs Manual as they were reported by the company for
each year
1884.
1883.
$2,580,fi45
Gross earnings
$3,251,875
Operating expenses. 2,419,436
1,743,771
Percent of expenses
(95'75)
(53-62)
to earnings
1882.
$3,1.56,517
Net
$161,109
Interest
1,207,820
Deficiency
Surplus
$1,508,104
1.223,723
1,748,904
1881.
$3,748,055
2,141,872
(55'41)
(56-87)
$1,407,613
$1,606,783
l,193,-255
1,171,741
$1,016,711
$284,381
$211,358
$435,042
Illinois Central. At a meeting of the directors of the
Illinois Central Railroad Company the following approximate
statement of the business for the year (December bemg estimated) was presented
GKOSS BAliNINGS FROM TRAFFIC.
—
:
1884.
$6,187,788
4,318,218
1883.
$6,674,703
4,364,930
Lines owned
Iowa Division
$10,506,006
1.704,048
$11,039,633
2,025,110
$5:13,627
Alllines
$12,210,054
$13,064,743
$854,689
In Illinois
Southern Division
Decrease.
$486,915
40,712
Three eighths of the
total decrease is on the lines in Iowa
leased for a percentage of their gross earnings. The net result
Company of operating these
of $38,000, against a profit in 1883 of
to the Illinois Central Railroad
lines has
been a
loss
$35,533 76.
The net earnings from traffic have been
In 1884
In 1883
The net receipts from all sources have been
421,920
$4,663,972
S 170, 543
347,944
$122,598
Estimated depreciation
Suridus
$4,796,000
5,264,156
:
Surplus dividena fund, as sliown in last report
$156,908
Traflic
4,796,000
87,182
223,Ot
Lands
From this sum
Interest on debt
premiums on bonds
was paid
sold
$3,263,000
:
Bonds drawn under sinking fund
$546,900
50,000
Louis & Now Orleans KR. 1,49 1,500
Permanent iiiiprovementsin Illinois
143,000
Permanent improveuiente on Southern Division.
77,000
Rental of Chicago
St.
Swcdge Block Judgment
1
div's 8 per cent
on $29,000,000 have taken
Leaving as a reserve from the year's earnings
Dee.
Inc.
Inc.
Inc.
$194,236
$25,533
161,864
51,435
Dec.
$433,078
LonisTille & Nashrille.— The Louisville & Nashville statefor the half year ended Dec. 31, 1884, shows a surplus of
$716,715 above interest and other fixed charges. The statement for the first half of the current year and preceding fiscal
year follow:
ment
Gro.ss earnings
(Dec,
Operating expenses
1834-85.
1883-84.
$7,794,864
0.) 4,522,017
.
,
estlmat.).$7,094,093
(56-21 p. c.) 13,988,065
'81,
Net profit from traffic
Other income from investments
(58 p.
$3,272,847
130,482
$3,106,028
52,797
$3,158,825
$3,403,329
Construction account. $114,678
Fixed charges
2,152,432
Taxes
$226,546
o 126 962
175,000
2,442,110
Surplus
2,523,508
'l70',000
$879,821
$716,715
Missonri Kansas
&
—Regarding
the suit brought
against this company the circular of Messrs. J. H. Davis & Co.
said on Thursday: "Kansas & Texas bonds have been a feature.
The first sold yesterday between 104 and 105; to-day they
have ruled between 101 and 103. This break was due to a
report that a suit had been brought against the company to
enjoin the payment of interest on certain junior bonds until
interest had been paid on the bonds known as Kansas
Texas seconds." * * * "The only bonds that should be
affected by this suit are the general mortgage issues, and
these could only be disturbed in a very limited way as only
about $2,000,000 of the original $10,000,000 issue of the seconds
remain outstanding. The residue have been converted into
general mortgage 5s. Should the suit te successful, it would
oblige the company to pay cash interest on the outstanding
seconds instead of scrip interest as at present."
Texas.
&
—
New York & New England; A dispatch from Boston Jan.
"The Finance Committee of the New York & New
England Railroad effected a settlement with the Car Trust
management to-day, and the second mortgage coupons, which
were to be funded into second mortgage bonds at par in the
event of this settlement, are now practically in the hands of
the Finance Committee. The Car Trust equipment has earned
about $65,000 of rental under the Receiver, and the overdue
coupons will, by the terms of this settlement, be paid in cash.
For the Car Trust bonds second mortgage bonds will be issued,
23, said:
bearing 3 per cent interest for the first five years, 5 per cent
for the next two years and 6 per cent for the next eleven
years.
The quarterly statement of Receiver Clark to the Court for
the three months ending Dec. 31, 1884, shows that cash receipts in October were .$404,492; November, $461,666; December, $647,670; total for three months, $1,513,839.
For the twelve months ending Dec. 31, 1884, the total rewere $6,393,989; payments of all sorts, $6,339,335; leaving cash on hand Dec. 31, 1884, $54,654.
Northern Central Railway Company.— The. comparative
statement of gross earnings and expenses for December and
ceipts
for the years 1884
and 1883
is as follows:
December
,
1884.
1883.
$442,268
$409,151
Operating expenses.... $269,436
33,612
Extraordinary expenses
$299,696
Grossearnlngs
Totalexpeneea
Net earnings
90,074
,
Year.
188 4.
$5,521,876
1883.
$6,088,130
$3,027,956
440,436
$3,351,549
480,035
$35'J,018
$389,771
$3,468,393 $3,831,601
$19,380 $2,053,433 $2,256,525
Oregon & California.— On application of the English bondCalifornia Railroad, which defaulted
holders of the Oregon
on its January interest, the United States Court at Portland,
Oregon, has appointed R. Koehler, heretofore the manager,
and A. G. Cunningham as joint receivers of the company.
Foreclosure suits will probably be commenced by the FarmTrust Co. of New York on both the first and
ers'- Loan
$39,219
&
second mortgages.
Pacific Mall. A quarterly dividend of V4 per cent was
declared, payable Feb. 2, and the statement for the quarter
shows gross earnings of $1,314,913, operating expenses of
$770,218, net earnings of $544,694, and cash on hand of $579,8l»
—
—
15,t0a— 2,423.400
Leaving net
The usual cash
Dbc.$1, 1-23,820
Deo.
929,584
&
:
Interest on iuvestmeuts,
:;,-'10,378
$4,902,801
$37,475
.
321,062
$.',031,674
47.3,355
.
£585,482
£121,941
£432,551
£a4,770
The decrease in gross earnings for the five montlis was
£192,976, or 11-1 per cent; in net earnings,Tf 153,931, or 361
Neteamlngs
Cliangeg.
6,17.5,656
.
$2,839,690
2,320,000
$319,690
Philadelphia & Reading. Some remarks upon the reorganization scheme proposed by the committee of this company's stock and bond holders will be found in the editorial
columns of the Chronicle. The general mortgage Iwndholders would make a very profitable investment by taking the
property, and in view of tlie company's history in the past ten
—
January
THE CHRONICLE.
1860.1
24,
years there would seem to be little reason in law or in moralH
why they should give up their iatereHt. The fixed charges
ami the proposed riHluctioiiH by thecomuiittee's plan orogiren
in detail as
toUows:
RatuetitMi by
Principal.
OM luortKHKo IxiiiilH
5,210,700
A n. Ciir. RR
Mill Creek & M. H. KU
Sclniylklll Valley RK
Mlmi Mill A ciolmylkill RR..
.M. UR...
LIttloSi'liuyl. A
Ettflt PeiinHvlvanln RR
Flilla(li'l|>liia U. A N. RR....
ChcHtiml Hill RR
Mt.
Intertnt.
9
PIzetl cIiarK^H—
Rentatt. VommiUee.
$
9
36.2.'.
84,671
30,890
321,800
210,780
v..
RR
A
243.609
362,930
luconio nmrtKafte
rerkitmicn Hcrip
36,13R
.'^61,840
Pennsylvania RR
Delaware A Bounil Bk. RR.
Llalillity or Kuarantees
Five pel- ecu- conxol. Ista... 3,138,320
Five per cent ramsol. 2<l8.... 1,732,032
(;ar truBts of 1882
Cartrustsof Igia
765,580
171,780
861,912
270,450
Norlli
New Jersey
Schuylkill A I.ehiKh RR
Sham. Sun. A L. RR
Horip
scrip
11,657,799
3,007,730
Floating debt
R«culver'8 obligations
2,747,911
Bonds and mort«. ou real est.
Coal it Iron Company—
Divisional mortgage uonds &
bonds A morts. ou real est.
Floating debt
Receiver's ol)ligation8
232,166
Debenture bonds
156,82rj
8B,3ri0
86,330
Used
32,f.4<;
108,000
The surplus
is
were $175,000.
Southern Pacific.
the
month
5,045,707
27.015
80,300
'
October—
803,447
180,464
654.680
149,717
126,143
803,447
,180,461
6,402,840
2,107,182
931,454
102.188
0,287
78,190
123,030
7,523,959
9,564,735 2,603,402
7,523,959
8o.
78,190
:
1881
31—
$1«1.1-10
320,822
68,992
168,138
Pae, North Div'n... $1,234,048
So. Pae, Sonth Div'u»..
So. Pae. of New Mexico.
So. Pae. of Arizona
.
ITet.
Gross.
S81.319
113,227
38,570
92,065
$125,:582
$532,226
$1,085,897
3,457,555
678,151
2,103,397
2,905.452
1,066,721
579,701)
287,706
825,253
1,534,105
1883
.
.
Ifel.
S68,140
190,861
44,123
108,649
343,274
1ft fill
215,750
$540,024
l,ri-57,135
369,482
1,269,293
'Does not include Colorado Division in October in either year.
Steamships to Galveston.- The Morgan Steamship Company has decided to withdraw its line between New York and
Galveston for the present on account of the lack of business.
Freight for Texas by the Morgan Line will be sent from New
Orleans to Galveston by rail, which will he a good thing for
the railroads.
17,088,694
503,962
cliarges per Rccv'rs state ment,8eipt.,'84.18,584,732
state-
Add to equal amount given in Receiver's
ment ot January, '85 (taxes, etc.)
1 to Oct.
were $238,828.
official gross and net earnings in
and for ten months, were as follows
Gross.
Pao., North Div'n..
Pae., Sonth Div'n*..
Pae. of New Mexico.
Pac. of Arizona
Jan.
rep.oirs
—The
of October,
.
So.
So.
8a.
So.
The
$26,082.
06,(;00
XiMS interest and div. on stocks and bonds owned.
Tot.
certificates sold
86,715
156,825
Central of
Si.x and fcven del).
8i.x p. c. oonv. adj.
177,150
24,«H6,OO0 1,531,180
l,60S).n5O
100,197
2,454,000 171,780
07,200
5,882
0«n<^^ll Korip
Si
for
A
18,311,000 l,23S,lfiO
Liability for interest separate from leiises
Iin|irnv( inent mortgage
9,364,000
General mortgage
32,910
47,919
2,575
RR
Ogdensbnrg.—The annual report gives th«
putting the road into the hands of a receiver, namely, the necessity for p<!rmanent repairs and
lack of means. The receiver's report states that sixtynine miles of new steel rails were laid, entirely replacing the iron on the main line.
considerable amount
of sidings was laid from iron tiiken up. Much other permanent work was done, including new bridges. These somewhat
e.\ceeded the amount of the loan authorized by the court, and
the balimco has been taken from the earnings. One new locomotive haa been bought .and four hired. The groes earnings
are $334,(573, against $338,844 last year. The operating expenses
wort! $244,791, leaving a balance of $89,881. The receiver's
Portland
RR.
8ii8i|ii('lianiia('aiinl
CiitiiwiHKtt
nor cent interest, payable January and Julv Ut of ea<;h yemr.
PrinciiMil and interest payable in gold.
Trustee, Mercantile
Trust (Jompany of New York City. Common stock, 19,200
Par value, $.'50 per share. Preferred Rtock, 9,800
(<haro«.
Par value, $50 pet share. This stock is entitled to 7
shares.
|ier cent eiinuilative dividend before dividend ia paid on the
common, and after the common haa received 7 per cent this
stock shares in the surpliw with the common. President,
Thoe. M. King, Pittsburg, I'a.
The committee recominonded the listing of these $1,440,000
Ist mortgJigo coupon bonds, Nos. 1 to 1,440 inclusive,
reasons
17,'J02
635,770
A nies. Val.
IMck. Val.
Bwcdes l*'ortl UrMlt<u
OonKolidati'd inortiruge
Allcniowii
Cole.
143,8!l!»
291,104
Oaunl
8<'liiiylktll
9
311,802
Ciir.
121
289,721
Tot. tlxed cliarges as per Recelvers'annaal report. 16,874,453 2,608,402
Pittsburg Fort Wayne & Chicago.— Stockholders of the
Pittsburg Fort Wayne & Chicago Railway Company met in
the building Nos. 19 and 21 Nassau Street, in response to a call
by the President, L. H. Meyer. About one half of the capital stock was represented.
The purpose of the meeting was
to discuss means for readjusting the relations between this
company and the Pennsylvania Railroad Company.
The
Pennsylvania Company now holds $9,000,000 of the special
stock issued for tetterments, and the original capital stock of
the Fort Wayne road is $19,700,000.
It is proposed by some of the principal stockholders of the
Fort Wayne road to settle the differences between the two
companies permanently by exchanging their stock for new
bonds of the company to be guaranteed by the Pennsylvania
Railroad Company. This will give the Pennsylvania Company absolute possession of the leased road and make the present stockholders of the latter simply bondholders. This plan
was discussed, and the following named gentlemen were appointed to carefully consider the matter and report at a future
meeting of the stockholders: L. Von Hoffman, P. Geddes, P.
D'Home, T. D. Lincoln and W. F. Whitehouse. The stock of
the Fort Wayne roatl is in the hands of about 3,000 persons.
Pittsburg Junction.— In the application to the New York
Stock Exchange the following statements are made Organ:
Tennessee State Finances.— The message of Gov. Bate to
the Legislature had the following in regard to State finances: "The Comptroller's and Treasurer's reports show the
amount of receipts from all sources for two years ending
December 19, 1884, inclusive, to be $2,346,353, which includes
a balance of $246,790 turned over to Atha Thomas, Treasurer,
hy the M. T. Polk investigating committee. This total also
includes the total net amount of revenue collectetl and paid
into the Treasury by the State's attorneys on back-tax collections, amounting to $157,401. This back-tax account is a source
of revenue upon which we cannot rely so much in future, inasmuch as a large portion of such taxes collectible have already been collected and turned in.
"The disbursements for the two years ending December 19,
1884, amount to $1,701,139, leaving a balance in the Treasury
at that date of $645,214.
This balance ($645,214) includes
$139,473 of new issue of Bank of Tennessee certificates and old
issue Bank of Tennessee money, which leaves $505,741 in actual available funds in the Treasury, less $31,141 in controversy in the Mechanics' (or Mechanics' National) Bank of
Knoxville.
"THE FUNDING BOARD.
"The Funding Board,"' he says, "began its tedious and
labori-
ous operations in July, 1883. Since that time, as will fully
appear below, the total bonds funded amounted to $8,090,215,
leaving imfunded to date of report (January 1, 1885), $30,695,851.
Based on this calculation it will be seen that, upon the theory
that all of the bonds are presented for funding, the State in
the end will have to pay $492,399 interest annually on the
whole amount of the State's indebtedness, and in jijoportion
as the bonds are annually funded, unless some of the outstanding obligations should be otherwise disposed of. For
those already funded the State has to pay annually $1.54,140
ized December 21, 1881.
By articles of consolidation and
merger entered into between the Pittsburg Local Railroad
Company and the Pittsburg Junction Railroad Company. The
former company was incorporated under the free railroad law interest.
I l)eg, however, to submit as explicitly as I can the amount
of Pennsylvania, September, 1880, and the latter company was
of original indebtedness absorbed by funding the old bonds
incorporated under the same law, August 6, 1881.
Rout«.— From Lauglilin Station.on the Baltimore & Ohio liiiil- into new settlement bonds, together with the amount of the
latter issued in lieu thereof. The following statemf nt n ill show
road, to Bennett's Station on the Pittsburg & Western Railroad.
Prom Negley's Run to the confluence of the Alleghany and the amount of bonds funded under the .act of March 15, 1883:
" ST.VTE UEBT I'UOrER— 6 PER CENT BONDS.
Monongahela Rivers, and thence to the city hue in the Thir-
Ward of the city of Pittsburg, a distance of 16 miles.
Five miles completed and in operation.
The assets and liabilities July 1, 1884, were as follows :
tieth
Assets.
Franctiis'B and property
Caali
....:.....
Real estate
LUibiiities.
$720,000 Capital stock, coniuiou. $9(i0.000
732,312
do
do preferred
480.0(0
150,080 First mortgage bonds .. 1,140.000
Equipment (office)
302 Bi 11a payable
20.00
CuntiDgiiit fUEd
339 Voucliers and payrolls.
122,911
Pitts. A West. RR. Co..
1,475 Unclaimed wages
67
Construction
I,419i650 Rents
1.182
>
Bonds.— First and only
Number
bonds issued,
1,440, amounting to $1,440,000.
Date of issue July 5, 1882,
maturing 40 years from date, or July 1, 1922. Par value of
each bond, $1,000. Series t to 1,440 inclusive. Coupons for 6
issue.
of
Total, 517 bonds. $1,000 each
Interest on the same funded
$517,000
250,780
Total amount
Amount deducted (war Interest)
$767,780
184,266
Net amount
Amount "certificates" taken up
$583,514
3,466
Total net amoimt 6 per cents funded
$536,980
For wliicli have been issiie^l
549 settlrmeut bonds, iwaring 6 per ct. interest, $1 ,000 each. 549,000
331 settlement bonds, bearing 6 per cent interest, $100 eaoli.
33,100
Ccrtiticates
4.880
Total net amount issued 6 per cent bonda
$586,9M
—
—
—
;
THE CHRONICLE.
122
5 PER CENT BONDS.
White "A" and "AA" renewed. 2-18 bonds, $1,000 each
White, no letter, 11 honds, f 1,000 each
Total, 260 bonds, $1,000 each
Interest on the same funded
$269,000
127,834
Total amount
Amount deducted (war Interest)
$396,838
79,367
"Certiflcates" taken
^ommtvyml
Jivaes.
COMMERCIAL EPITOME.
Friday Night, January 23, 1885.
The past week has witnessed a marked abatement of that
$317,470 speculative spirit and confidence in staple products with
444
which the new year opened. The failures noted in our last
$317,914
were followed by rumors attacking well-known names prom310,000 inent in financial circles, and although these rumors were not
7,100
815 confirmed in a single instance, distrust became gen eral an d
prices fell off almost uniformly where they had received an
$317,914
'mpulse from speculative action. The obstacles to railway
$622,000
8«,000 and telegraphic communication which were felt at the date
438,000 of our last have been removed, but the weather has become
62,000
Net amount
Amount
Jhje
258,000
11,000
rvoL. XL.
up
Total net amount 5 per cents funded
For which has been Issued
310 bonds, bearing 5 per cent interest, $1,000 each
71 bonds, bearings percent interest, $100eacli
Certificates
Total net amount issued 5 per cent bonds
EAILROAD nONDS— THREE PER CENTS.
White "B," 622 bonds. $1,000 each
White "C," 86 bonds, $1,000 each
Green "F," 438 bonds, $1,000 each
Oreen "B," 62 bonds, $1,000 each
Green, no letter, 172 bonds, $1,000 each
White "D," 205 bonds, $1,000 each
Compromise, 2,366 bonds, $1,000 each
Compromise, 580 bonds. $500 each
White, no letter, 3 bonds, $1,000
'.
172,000
205,000
2.366,000
290,000
3,000
Total 4,535 bonds
Interest on the same funded
$4,244,000
832,307
severely cold, especially in the Northwest, presenting an obsta-
commercial activity. Troubles with striking operatives
have been less serious, but agitations on the subject of wages
cle to
continue.
The speculation
shown consome variableness the course of
prices was towards a decline, and last evening the close was at
an important decline from the figures of the previous Friday.
To-day, however, there was some recovery, and the close was
in lard futures has at times
siderable activity, but with
Total amount
Amount deducted
(the
$5,076,307
same having been funded under 60-6
$1,627,635
act)
Net amount
Amount
'certificates" taken
$3,448,668
6,421
up
Total net amount three per cents funded
$3,455,090
[Many of these bonds were funded under the 60-6 act of
1882, by which they were reduced forty cents on the dollar,
leaving sixty cents on the dollar of original amount to be
funded under act of 18831.
For which we have issued
3,347 bonds bearing 3 per cent interest, $1,'"00 each
983 bonds bearing 3 per cent interest, $100 each
$3,317,000
98,300
9,790
Certificates
Totai;3 per cent bonds issued
$3.4.55,0iiO
"From
the above statement it will be seen that the debt on
'new settlement bonds,' upon which the State is now paying
incterest—deducting difference between certificates taken up
and certificates issued is aa follows
Bix per cent bonds
$582,100
Five per cent bonds
317,100
Three per cent bonds
3,445,300
" From the above it will also be seen that there has been
—
'
:
taken up in
$586,980
195,660
Total
There has b<wn retired in 5 per cent bonds and
Add amount deducted for war Interest
certiflcates.
.
Total
There has been retired in 3 per cent bonds and certiflcates
Add 50 per cent deducted, one-half of original bonds
Total amount of railroad bonds retired by 50-3 act
6 per cent bonds retired
5 per cent bonds retired
Add
Add
gives
for
7'34c. for
May and
prime Western and 7*40(a7-50c. for refined
Pork closes dull at $13(@$13 SOformess
and $15@$16 for clear. Bacon remains nominal at Q%@1%c.
Pickled cut meats have been less active at 6)^(3 6?^ c. for
bellies, 5%(a5}^c. for shoulders and 8?4@93i^c. for hams.
city, 7-15(a7-20c. for
for the Continent.
Beef remains nominal. Beef hams are firmer at $30 per bbl.
Tallow has been firm, but closes quiet at 6i^c.
Butter has
been steady and State creamery is quoted at 23(S 36c. Cheese
The following is a
is steady at 9(3 133^c. for State factory.
comparative summary of aggregate exports from October 27
to Jan. 17
:
Lard, lbs
1884-5.
11.874,800
125,019,910
71,707,777
12,623,200
117,119,904
61,924,129
Total
208,602,487
191,607,233
Pork, lbs
Six percent bonds and certiflcates
Add amount deducted (war interest)
Which
February, 7-18c. for March, 7'2oc. for April,
7"40c. for June.
Spot lard has been rather
dull and unsettled, but closes steadier; l@l'Ooc. for prime
at 7'lOc.
amount
of original debt
and
.
.
$782,610
$317,914
79,748
$397,393
$3,455,090
3,455,090
$6,910,181
782,640
397,393
interest retired $8,090,215
"Another feature of the financial embarrassments of the State
has grown out of the
I'orhett issue,' or notes of the old State
Bank, issued principally during the war, which the State,
under decision of the Supreme Court of the United States,
must receive for taxes
which, under direction of the
last Legislature, taxes to the amount of $200,000 annually are
to be received."
The Governor expresses his gi-atification that the long financial embarrassments of the State are being gradually removed,
and that within the limited time funding has been in progress
more than eight millions of dollars have been funded under
the act of 1883. "No like measurp,"he says, "has been moresuocessful in its operations than our funding act of 18*3, only
where there has been a positive limit to the time in which the
same shoifld be funded, as in the act of 1882. Especially is
this so when we consider that, as it is understood, more than
one-third of our bonded indebtedness is involved in the suit,
still pending in the Supreme Court of the United States, between certain bondholders and the railroads of our State, none
of which, as is understood, has been presented to the Funding
Board, or will be until the suit is decided.
"On July 17, 1884, the assessors returned the total number
of miles of railroad in the State at 2,094, of an aggregate assessed value of $34,350,170 84. Their average value per mile
for this year was $16,400 17; increase of mileage over assessment of 1883, 62 miles; increase of value over assessment of
1883, $2,802,871 61; increase of mileage over last Comptroller's
report, 71 miles; increase of value over last Comptroller's re'
—m
_
port (made in 1882), $7,334,070 72.
"Now, if to the total value of taxable property in the State in
1884 ($226,844,184), we add the aggregate assessed value of
railroad property in the State in 1884 ($34,350,170 84), it brings
up the total valuation of property in the State to $261,194,354 84, which largely exceeds any other year since 1876, thus
showing that our State, after her long travail from social, political and financial trouble, is passing from under the clouds
of depression into the sunlight. The general tendency of this
increase, I am happy to conclude, will in time act as a relief
to the burden of taxation."
Raoon.lbs
1883-4.
Dec.
Inc.
Inc.
748,400
7,900,006
9,783,648
Brazil coffees have declined J^c. for both spots and futures,
in sympathy with Havre advices, fair cargoes Rio being quoted
and options
February
To-day Rio advices were better, and
there was less depression, closing with buyers at 7 '700. for
February, 7'85c. for March, 7'95c. for April and 8'05c. for May.
Mild coffees have been freely offered at somewhat easier values.
at 9J^c.
and
7'85c. for
Raw
selling yesterday at 7 ""oc. for
March.
sugars, after a brief period
active
and buoyant,
fair to
of depression, again
became
good refining advancing to 5(g5i^c.
Refined firm at 65^(3 6 Jgc. for crushed. New crop Cuba moTeas were more
lasses, 50 deg. test, sold to arrive at 20c.
freely offered, with speculative interest, causing a fractional
To-day 90,000 lbs. standard Japans at 23=^@24c.
decline.
for March,
^%c.
for April, 24J^c. for May and 25c. for June.
less active, and though prices
Kentucky tobacco has been
is an unsettled feeling, with
somewhat towards easier figures. Stock, howSeed leaf has been
ever, show no accumulation at this point.
more freely offered, and the sales for the week have been 1,589
are nominally unchanged, there
the tendency
339 cases 1880 crop, Pennsylvania, 8}^(a9c.
250 cases 1881 crop, do., 5(ffillc.; 200 cases 1882 crop, do., 10®
16c.; 400 cases 1883 crop, do., 7i4'(al6c.; 200 cases 1883 crop.
New England, 13® 35c., and 200 cases sundries, 5(a28c.; also,
350 bales Havana, 77Xc.@$l 15, and 200 bales Sumatra $1 20
cases, as follows
@$1
;
60.
Metals have shown
either in trade or speculadull but steady at $16(g
$16J^ bid and $16Jg(a$17 asked; transferable notices (January
delivery) issued at $16>^. Tin quiet but firm at 17-15@ 17^c.
spot, 17(®17*30c. futures; 10 tons January sold at 17'20c.;
transferrable notices issued at 17'20o. Tin plate dull and
heavy at $4 40 asked transferrable notices issued at $4 30.
Copper steady at ll-05(ail-20c. Lead steady at 3J^(a3-723^c.
Spelter firm, closing
domestic, 4*30c. bid for foreign.
stronger at 4'40@4^c. for domestic; 50 tons domestic, February, sold at 4 •423^0.
Ocean freights were quite active early in the week. Grain
and petroleum vessels were in demand at rather better rates,
the past few days the renewal of speculation in the
but
tion.
At
to-day's
little
spirit
Exchange iron was
;
m
grain markets has checked shipments and weakened rates.
Late engagements include grain to London, 3}^d.; Baltimore
to Cork for orders, 4s. 6d., and refined petroleum, Philadelphia to Antwerp, 23. 3d.@2s. 43^d.
.
Jancaky
COTTON.
Friday, P. M.. .Tanuary 23, 1885.
The Movement of the Chop, as indicated bv our telefnttmn
from the South to-night, is given Iwlow. For the week ending
this evening (Jan. 2;!), the total receipts have reaoheil 08,911
bal<>9, against K{0,i)51 boles last week, Hit.OUl baloa the previous
week and 1.51,07.') bales three weeks since; making the total
receipts since the Ist of Septemlier, 1884, 4,0") 1,097 bales, against
3,863,207 bales for the same period of 1883-84, showing an
increase since September 1, 1884. of 189,490 bales.
OalvcBton
iron.
Sat.
34)
...
ludlanola, Ac.
New Orleans...
Wed.
Titet.
1,357
rA«r».
245
1,799
1,211
>Vi.
881
3,348 13,228
1,869
878
5,297
4.312
3,»84
199
729
Bavaauali
Bninew'k, Ac.
Charloston
Pt. Koyul, &o.
1,629
2,597
1,593
1,110
671
2,882
1,279
103
SCO
1,910
Wilmington ....
Morch'd C.,&c
199
2,035
jnorlda
Norfolk
1,422
1,232
513
1,029
404
238
ZOi
120
2,73 i
2,312
1.309
2.012
357
684
459
641
610
779
532
WestPolnt,&o
New York
Total.
We
On Shipboard,
652
287
343
70
1,824
4,661
36,056
6,747
2,882
9,630
103
6.10G
267
1,509
70
12,317
4.6G1
2,161
2,796
105
3,276
not cleared—for
Ltavina
AT—
Jan. 23,
areat
France.
Rritain.
New Orleans
Mobile
Charleston
42.829
16,400
1.500
9,200
Savannah
6,833
128
In addition to above exports, oar telegrams to-night also gfra
08 the foUowin;; amounts of cotton on shipboard, not cleared,
add similar figures for New York,
At the ports named.
wliicb are prepared for our special use by Messrs. Carey, Yale
ft Lambert, 89 Broad Street.
(Jalvcttou
27,045
None.
None.
Nunc.
None.
None.
None.
None.
8,eo;»
Noifolk
12.077
2,000
5,0J0
New York
5,837
1,398
Mobile
,
THE CHRONICLE.
24, 1885.J
Receipts at-
9
.
.
.
Other ports
Total 1885.
Total 1884
Total 1883
Other
Coast-
Foreign
wise.
22,218
None.
3,300
1,800
6,000
None.
Stoek.
Total.
3,005
3,800
2,000
2,000
2,000
95,097
20,200
6,800
13.000
16,600
12,798
2,900
6,000
274,247
29,859
30,743
46,899
16,278
17,907
267.721
41,678
1.000
718
None.
None.
35,218
13,523
173,302
725,332
35,329
11,573 154.538
6,610
18,051
223,035
191.275
913.225
682,564
97,006
27,045
14',89G
107,113
2 ),200
900
1
The speculation in cotton for future delivery at this market
has been very dull for the week under review, and the fluctuations in prices quite unimportant. Last Saturday the business
was, it is said, the smallest of any day since the organi/^ation
of the Cotton Exchange. Prices, with slight variations, and
some irregularity from the e-xceptional strength shown by
January options, were generally drooping to the close o£
Wednesday's business, when the early months were 3@9 points
141
1,225
i.6:o
110
118
Phlladelp'a, &<i.
58
and the late months 10@ 13 points below the previous Friday,
Totals tills week 14,630 15.018 21.752 12,290 11.009 19.203 93.911
with January only 1 point lower. There was an absence of
For comparison, we give the following table showing the week's
demand,
because the market was so much exposed to speculatotal receipts, the total since Sept. 1, 1884, and the stock to-night,
and the same items for the corresponding periods of last year. tive manipulation prices therefore gave way, although the
selling movement was light.
Yesterday, a much better Liver1883-84.
1884-85.
Stock.
Xeeeipls to
pool market caused a demand to cover contracts and somewliat
Thi*
Since Sep.
This
Since Sep.
January 23
1885.
1834.
revived speculative confidence, upon which there was a smart;
Week.
1, 1884.
Week.
1, 1883.
G05
Boston
Baltimore
331
253
105
;
Galveston
...
lDd'uola,&o
New Orleans.
UobUe
Florida
Bavaunab
Br'sw'k.&c
Charleston...
Pt.Royal.&c
Wilmington..
5.833
36,056 1,252,099
5,747 202,851
2,882
60,150
9.630 651,617
103
8,927
6,196 459,451
267
6,028
1,509
89,013
M'beadCJkc
70
Norfolk
W.Point.Ac.
New York...
12,317
4,661
Boston
Baltimore
PUladel'a,&c
2,796
. .
416,657
9,633
9,271
•481,072
256,913
35,735
65,675
19,659
27,946
2,461
105
3,278
8.900
500,057
32,878
77,631
8.031
30,731 1,227,150
5,132 213,953
2,734
28,968
11,760 580,223
7,014
8.204 360,571
521
12.125
1,491
82,258
235
369,344
50,059
6
59,899
42
422.522
41.279
2.200
89,679
37,543
81
6,371
65,856
2,505
8,675
30.702
50.216
59
102
10,320
479,667
163,499
68,633
94,731
8.815
9,681
17,607
3,319
5,029
5.506
1,815
590
330.979
7,300
21,199
13,097
Total
93.9114,051,697 I04,533i3,862,207 898.724 1.136 2G0
'1,325 bales added as correction of receipts since Sept. 1.
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Receipts
at—
1885.
Qalvest'n.&c.
New Orleans.
Mobile
Savannah
Ac
Charl'st'n,
'Wllm'Kt'n,&c
Norfolk, &c..
All others....
Tot. this
Wk.
Blnoe Sept.
1884.
5,833
36,056
5,747
9,G30
6,463
1,579
16,978
11,625
93,911
9,959
30,731
5,132
11,780
8,728
1.593
20,956
15,674
104,533
1882.
1883.
12,575
54,398
8,978
12,814
8,629
3,585
17,275
18,116
1881.
138,400
92,081
we
1880.
14,443
40,835
10,176
17,251
8,387
2,754
18,521
12,703
7,677
18,142
3,993
15,534
7,277
4,202
19,845
15,406
125,070
13,233
58.001
10,585
15,804
8,0S3
1,664
15,3i;3
14,155
137,191
4051.697 3862.207 4143.631 3692.481 3964.141 S75l,301
Qalvesion luclud«-s ludiauola; Charleston iucIudM Port Boyal. &0
Wilmington includes Morehead City, &c.; Norfollf iucludea WcstPoiiit.&c.
1.
;
The exports for the week ending this evening reach a total
of 93,123 bales, of which 63,63« were to Great Britain, 9,019
to France and 19,807 to the rest of the Continent, while the
stocks as made up this evening are now 898,724 bales. Below
are the exports for the week and since September 1, 1884.
Wuk
Sept.
Exports to—
Exports
]Tom—
Great
Brlt'n.
UatTestoD
New
From
Etulino Jan. -a.
France
3.139
Orleans..
23,88»
s.osa
Tbtai
nent.
Week.
8,060
1884, to
Jan
The
bales.
—
2;l.
1885.
forward delivery for the week are 363, 100
For immediate delivery the total sales foot up this weeic
bales, including 100 for export, 936 for consumption,
total sales for
for speculation
and
3,430
40,901
Mobile
Omit
132,023
7.470
450,385 206.209
15,678
nent.
Total.
63.092
193.183
225,134
881.706
16,278
700
Jan. 17 to
Jan. 23.
813|«
Wed
Ordln'y.**
8%
.
8.603
S,456
8,356
11,806
4,875
787
4.521
I'hlladelpa.4o
2,IU
Charleston •,,,
WllminKtOD...
.Norfolk*
Now Vork
Boston
Baltimore
,
.
.
700
4.303
liX.91S
5,017
10,473
138,987
47,750
285,758
213,310
3.30d
ii.toa
667
5,790
11,832
7S7
i,f:'H
2,111
75,188
»7,S80
37,845
9',fl
Good Ord.. 10
83.088
9.618
19.867
8T8
9i,8
1
9
91,8
1
lOhs 10%
STAINED.
Sat.
Good Ordinary
^Ib.
Ordinary
Middling
Middling
8triot Gootl
Low
87,8
TEXAS.
Sat.
Jllon
n
113,8
115,8
113,8
115,8
III9
im
9i«
9
10%
im
918
9%
915,8
915, >
109l«i 109,6
8,S75
27,018
8,050
188,789
129,906
12.210
25,670
103.303
«Sl
81,527
3,fl6
93,128 1,«83,475 281,109
lli'ia
121,8
12ii,fl
Frl.
9I19
9>e
y^g
u
ll>i»
11»19
im
ii"! 1138
11>9
119l6
1111,6 ii4
121,8 1218
1211,8 12%
XVeA
838
81l8
918
91,8
915,. 07„
lOflia 101*
llifl
10', ft loag
lOUfft 10%
111,8 11015,8
Ills
1114
117,9
11=8
ll!ti
12ifl
12
12% 12=8
1138
119l8
11 ^18
ll»i«
Th.
94
a^is
10>4
10%.
9»i«
1038
moa Tuea
67,6
Wed
1711.
Frt.
8>9
97,8
ns,.
918
'"
915,. 10
10»l" 10H»
The total sales and future deliveries each day during the
week are ipdicated 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 days.
BALES OP SPOT AND TRANSIT.
11.809
22,259
Toea
11
11
II
113,8
115,8
111«
1111,8 lU'lfl Il"l6 1111,«
121,6 121,8 121,8 121, „
1211,8 1211,8 12li,9 12lij9
im
359,;«)0
291.152
59.999
297.803
ST3.718
75.487
132.188
41,1(11
SPOT MABKGT
CLOSED.
Sat.
Mon
Tnes
Qtiict
Ex-
Con- Spce-'Tran- _
,
J<"<»<.
port, tumpal't'nl sit.
and ea»y
.....
Uull and eas.v
Wed Quiet at 1,8 dec.
Tbura Dull at 1,6
16 iadv
Frl. Quiet at -leailv
....
....
....
....
TntH\.
100
.
I
ICO
Quiet
.
.
Total
11
ll»,fl
111*18
lllfl
Tb. Frl. jAVed TU. Frl.
813,8
914
bales
quotations for
9I18
9ll8
91,8
91 1«
9'l«
9I11
9i«
9i«
914
9>a
106,8 105,6 105,9 105,9 105,g
10:1,8 1011,8 1011,8 1011,8 lOilia
813,,
97,,
9^
IOI4
106,6
etr.G'dOrd 10% lO'iB lOi* IOSr ilOl'ie
Low Midd'gj lOU.g 10% 1013,8 1015,8 11
Str.L'w Mid lO^g
1015,8 11
lim 113,8
MiddUuK... 11
11-4 1115,8
ll'is 11*8
Good Mid., lliiig
li'is 117,6 imi
Str. G'd Mid' 11 38
ii4 11»8 lUiie
ii"',fl
|12I,«
Midd'g Fair 11%
1113,8 11 '8
12
Fair
11238
1258 1121116
127,8 |l2ia
Strict Ord..
official
UPLANDS.
NEW ORLEANS.
nion Taes Sat. mon Taes
8 '3,8 91,6
Strict Ord..
9-4
9-4
HH
91a
Oood Old.. 101,6 101,8 101,8 105,8
8tr.G'dOrd!lG7i6 lO'fl 10'« lO'lis
Low Midd'g 1034 10»i 10% 11
Str.L'w Mid 10'!.,« 1015„ 10U,8 ll^is
Middling... ll'l« ll'ifl U'l« llhs
Good Mid . 11^4 11'4 I1'4 Ilia
Str. G'd Mid IHie ini« ll'M8 1111,8
Midd'g Fair ll'3|n 1113|„ 1113,8 12",
Fair
ir',« I'i'w I'i'.^
Ordin'y.|!lb
—
Of the above,
Sat.
Klorlda.
Savannah
in transit.
MARKET AND SALES.
Conti-
Britain. France
—
were to arrive. The following are the
each day of the past week.
Exported to—
Oontl.
St*)
1,
.
1,036
597
270,621
6,310
19,889
14,189
advance.
To-day, with Liverpool again better, there was
some further improvement, with a brisker market and a firm
closing.
As compared with last Friday, the close is 8(g) 12,
points dearer for this crop and 4@8 points dearer for the next
crop. Cotton on the spot was very dull, and on Wednesday
quotations were reduced l-16c., but were advanced l-16c. yes>-'
terday. To-day the market was stronger, and quotations were
l-16c. dearer, middling uplands closing at llj^c.
.
1
145
167
144
68
1S8
,
»»'"•
JDeli»eries.
16,200
90O
167 72.000
144 45.800
68 56,600
188 61,300
214 111,200
l.IOO
1,100
1.200
1,700
1,026 363,100
6.540
24.';
214
FtrriTRES.
„
500
774,458 2.722,038
Total 1883-84 Sl.DM 11,0R3 l.\«7a lla.TBil 1.42.S.373 .Wn.O'fl ~fl21.n(W 9.:17(l»'5
• Includes exi«irt» trom
I'ort KovhI. ate
t luoludeseiporta from West I'olut, *c.
926
.1
....
The daliv deliveries given above ard actually delivered
previous to that ou whiuu th?y arc reported.
the
day
.
THE CHRONICLE.
124
The Sales akd Pkices of Fctures are shown by the following comprehensive table. In the statement will be found the
daily market, the prices of sales for each month each day, and
the closiag bids, in addition to the daily and total sales.
3.E-S
CrtitB^
Boo"
C-cpSO"
OtD'OD
cr*»»
P(»*Q,
o>
o
ct
[Vol. Xli.
The Visible S0pply op Cotton to-ni^ht, as made up by cable
and telegraph, is as follows. The Contmental 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. 33), we add the item of exports from
the United States, includmg in it the exports of Friday only.
o*
Stock at Liverpool
Stock at London
"25^ ^sS? fsl^
balea.
1885.
1S84.
1833.
74 ,000
742,000
00,000
821,000
-77,500
43,700
802,000
2.G00
898,500
3,700
40,300
13,000
3,400
671,700
2.200
40,400
12,200
1
12,000
Total Great Britain stock
Stock at Hamlmrg
Stock at Breuieu
Stock at AiUBtcrdain
Stock at Rottcrrtain
Stock at Antwerp
Stock at Havre
Stock at Mavseillea
Stock at Baiceloua
Stock at Genoa
Stock at Trieste
78,3,000
7,000
43,t00
53,000
500
1,100
184,000
4,000
37,000
O.OOii
f.7,100
53,000
900
3,800
153,000
8,000
50.000
10,000
5,000
8,000
341,400
354,100
Amer*u
639,000
United States exports to-day..
898.724 1,130,260
283.280
299,235
14,400
4,01)0
,50,000
150,000
3,700
48,000
8.100
4,800
516
2.090
114,000
2,450
40,000
2,500
4,320
27o,'300
220.676
.':oo
Total European stocks ....1.124,400 1,150.400
India cotton alioat lor Eiu'ope.
73,000
160,000
cott'n allout for Eur'pe
Epj-pt.Brazil.&c.allt tor E'l'pe
Stock lu United States ports .
3t<K-k in U. 8. interior to^-ns..
1882.
6,11.000
1
583.000
56,000
895,376
155,000
477,000
32,000
S73,83i» 1,143,660
364,776
319,197
46,100
29,000
174,300
103,000
003,000
65,000
Total visible supply
3,082,810 3,102, %9J 3,184 430 3,0J6,812
Of the above, tbetotolsof American imd other descriptions are as follows:
American'—
Liverpool stock
bales 537,000
515.000
555.000
454,000
Continental stocks
237,000
266,000
173,000
114,000
American aflo.1t for Europe... 039,000
003,000
177.000
5^5.000
United States stock
899,724 1,130,200
873,839 1,143,660
United States interior stocks.. 283,2c6
361,776
299.235
319,197
United States exports to-day..
29.000
11,40J
4,000
46,100
Total American.
EasI Indian, Brant,
...2,609,410 2,805,495 2.570.136 2.582,130
Ac-
Llverpool stock
Londonstock
Continental stocks
India afloat tor liurope
Eftypt, Brazil,
Ac,
afloat
Total East India, &o.
Total American
..
."i
227,000
60.000
83.400
160.000
56,000
266,000
77.500
102,800
103.000
05,000
177,000
43,700
106,676
155,000
32,000
473,400
597,400
614,300
511,376
....2,009,410 2,805,495 2,570,130 2,532,136
Total visible supply ...
Price Mid. Upl., Liverpool
|^~ The
..
201,000
42.000
101,100
73.000
50,000
.3,082,8:0 3,402,895 3,181,43d 3,096.812
STgd.
5i5i,d.
.
5»8d.
imports into Continental ports this
608(1.
week have been
8,000 bales.
The above
figures indicate a decrease in the cotton in sight
bales as compared with the same date of
1884, a decrease of 101,636 bales as compared with the corresponding date of 1883 and an increase of 14,003 bales as
compared with 1882.
to-night of
320,()tSo
—
At the Interior Towns
the movement that is the receipt s
since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1883-84 is set out in detail in the following statement.
for the
week and
—
4^
OJ
CO
«-
M
OP
i:
t^
«-
^ »
c
r>
csww^
§1-'
t—wai-awif'.mw
-JCowc:'xt-*c...toccai
te
cj M to CO
O -J
to ^ li O a: oi
^ u w
u o a to o< o
-i
:>i
vi
*-
cz'
a 0;^C> p M O
"^ 0; 00
1: OD ic
M CO W JD Oa ^- -1 CO CO
01
w V 'co—l^'t-' w'to ji'^ to oo w
_;-l
rf-
ff^
«0 to 05 *» *J
*»• >-•
00f--aQDMiP-O
ISO
cci5
<^ coco;;' 00
COi*^aOOCCOh-'f-Wl-'y«0*'Hr-03C30SOl
MW M
^aowH
ooyiD^ciaw
O O *J 05 M
03
00
:£! (-•
0:o^mHOcoc;itwODO'-'COOTi-CDU
S
O X CO CO
I-"
O
C»OUiC;»GD y'^-ci
0S**.O<I0'.C0-lO©Q0'^t00iC;iOClC;>Ot0
<I 01 to U« *4 )f^
Cdl-'-lCC'-J^-CC^fi.WOlC^aiQDCOtO'.OCOOOO'
to
»-«
CO
c;twcc-^co^ocotococ;*
»->
Wi^tt^dtcvxii-'
Cdt^-COjCCOOOCO
Ol*^rf*JOClWW<lpl30pia0©h-'*.GDOltO#fc
cico'caciODCD
OtcToVbVi jjoi'^xw** y'lotowoiajV
ro
CO ro OD c:
to 10 rf». (-* 01 03
fx
v CO X'
c. o:
c; —
ao CO o iw a»
O Ci en CO CO O t3 <J CO h- 03 to CO W CO 01 M CO
p
"^ a
*i <i to
to 0« OS 01 *J 1^
CO
c;" c< 01 CO
oo'col-' 05 ai to
Oi^UiCfltOM
cntOi-*cDO^cowootO' tOQOMoii(^c;*cojo
CDWOrf*>C0O^;5(t-*J; i—t—totoiuaojJM
O
O
;
o
I?
'J-'"tOt£OD'bltOrf*.Oo'yitn
MtO
* Includes sales in September, 18S4, for September, 158,200 September October, lor October, 421,800; September-November, for November
*
582j200; September-December, for December. 967.800.
ty* We have included In the above table, and shall oontlnue each
give,
the
average
weeli to
price of futures each day for each month
It
will be found under eacn day ollowing the al)breviation " Aver *' The
ATerage for each month for ne week is also given at bottom of table
Transferable Orders- Sariirday, ll-lOc; Moiulav, ll'15c.; Tuesday
ll*15c.; Wednesday, lllOc; Thursday, ll'loc.; Friday, ll-20c.
53
V]V%'0:w'coO
oowoxiO;occDW:D; QDtowo-.tOMOcn
CfltoccoM^-K-couo- oiO'^coi:;'Oic*;o
"loloOtQo'i-OiV'^btO'
Ottf^ODO'-'OlO
C>i
0D«
OC(f«.<l'.OC003*»fciGC.f.t^iX»;>>OCi'-'*.K)«-'
-^i t-i
cr-.co
OTj :;<
#>.
'
o
The following exchanges have been made during the week:
•24 pd. to exch.
•24 pd. to excli.
•12 pd. to exch.
•11 pd. to exch.
•24 pd. to exch.
100 Mar. for May.
500 Mar. lor Ma v.
500 Mar. for ApHl.
100 May for June.
200 Jan. for May.
•05 pd. to
•15 pd. to
•01 i>d. to
'12 pd, to
exch.
exch.
exch.
exoh.
COOi'OCOWW
CO OS to o *»-* to
(JO 00 CM)-'
O^
800 Feb. for Mar.
1,000 Feb. for Apr.
400 Feb. for Jan.
200 May for June.
KM
©
o
*
Voo'^'^ CD gdV] C0I4 tt'ccco
to«-'Oocs»p-'*j'-]0".oi^co-jcoattt»-ototo
OD#*'vj'v)ciOjo>;-*ji— cacotoocoto-ato
^ <) ;^ OC CO
O 01 W X QD en U-
I
tU lU -J
!«*
I
This year's tigures estimated.
The above*
totals
Bhow
that the old interior stocks have
decreased during the week 4,099 bales, and are to-night 15,949
„
January
THE CHRONICLE.
24, 1866.]
bales less than at the same period last year. The receipts at
the same towns have been 5,431 bales less than the same
week last year, and since September 1 the receipts at all the
towns are 47.931 bales less than for the same time in 1883-84.
Jan.
CLOSING QUOTATIONS FOR
'ii.
Galveston
...
Nrw OrUmiis.
Mnn.
Tues.
Wedne*.
Tkurt.
PH,
109lb
10»ie
109lrt
10»,a
105,
10>4
10»|«
105,8
10>4
100,8
10%
10%
10%
10%
10%
10<9
lOOg
Ilia
lO's
11»4
llV
10%
lOH
10%
105, „a%
10»ia
loaj'
1014
lOia
lOia
10>a
1041
Ilia
lOTg
1114
lO^lB
1019
108,8-)
10%
10%
10»1«
IOI4
lU3g
lOH
Mobile
Biivuiiiuih
Cliiiiieston
.
1014
ID'S
..
10 Hi
..
.
.
WilMiiiij,'tou
Norfolk
Ida
UH«aifl
lOHi
1008
10=8
11>8
lO'a
lO'a
11'4
11)4
10^1.1^% 106i6iSl38
1(139
1014
10J,8
10.18
lO"*
101a
im
BORtOU
BaltiiiioTO
Pliiladeliililn.
AustllHtJl
Mciiiiiliis
St. Louis
Clurinimti...
Loalsvillo
10%
10%
10>«
101
imha
lO'a
II14
10%
IOI4
lOia
lOiin
lO'fe
n>4
10 >4
1014
1014
1019
101a
Nashville, Tennessee.— We have had rain on one day of the
week, the rainfall reaching eighty-eight hundredths of an
The thermometer has averaged 20, ranging from 3
below zero to 59 above.
Mobile, Alabama. It has been showery on three days of
the week, and is raining to-day. The rainfall reached two
inches and fifty-four hundredths. The cause for the small
receipts this week is the inclement state of the weather. The
thermometer ranged from 19 to 66, averaging 38.
Montgomery, Alabama.— We have had heavy rain on four
days of the week, and rain is falling to-day. The rainfall
reached one inch and sixty nine hundredths. Average therinch.
10%
lOH
—
10%
In reply to frequent inquiries we will ad(l
that these figures, of course, do not include overland receipts
or Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
wluch finally reaches the market through the outports.
Receipts at
(lie
mometer
lowest
7.,
Ports. St'k at Interior 7\yimis. Rec'pta from Plant'TU.
'
21..
12..
19..
an..
2..
0..
18..
33
,
262,251 S«7,8&4 237,041
239,154 242,078 269,114
») 2.169 222,510'1258,774
858.097 232,183 284,692
»»7,0I7 265,4S4 278,303
282,013' 281.163 339,457
258,170 247,733
251,923 201,686
224,997 140,612
173,383 90.245
15O,S0a 110,467
138.4(.'0 104 533
,167 304, 932 808,889
838,903 423,,577 363,
37S.855U22,,310'363,
393,647 407,,074|S49,
880,248 389,,898 820,
130,951 367,967 3«1,715 304,
93.911 350,749 330,,900 298,
,633 261 ,064 280,755
258,340
207,893
154,073
1S»,994
1
1
1
1
—
74, 7181 87,132
—
—
—
119,183 bales.
Cotton in Sioht Jan. ai.- In the table below
receipts from plantations in another form, and add
to them the net overlancl movement to' Jan. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
OS*
and the lowest 50.
Stateburg, South Cct^oZ^na.^Teiegram not received,
Wilson, North Carolina^^We have had rain on two. days
of the week, the rainfall reaching eighteen hundredths, of an
Average therinch.
Ice formed tliis week on four days.
mometer 41, highest 70, lowest 25.
The follovrin'g statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
73
We give the
1884-35.
1883-84.
1882-83.
1831'82.
Beceij)t8 at the ports to Jan. 23 4.031,697 3,862,207 4,148,031 3,692^481
Interior stocks ou Jan. 23 iu
excess of September 1
280,865 281,744 334,264 355,561
Tot. receipts from planta'tns 4,332„'562 1,143,951 1,482,895 4.043,042
Net overland to January 1
358,0481 382.415
413,082 323.310
SoutUem conaumpt'n to Jan. 1 115,000 123,000 130,000 100,000
Total in sight January 23... 4,805,ai 0,4,649,366 5,025,977 1.471,5S2
January
33, 188S,
879,175
951,199 1)060.507 1,146,634
It will be seen by the above that the increase in amount to sight
to-ni.eht. as compared with last year, is 156.244 bales, the decrease
from 1882-83 is 230,36^ bales, and the increase over 1881-88 is 331,058
bales.
and January
34, 1884.
Jan. 22, '85. Jan. 24, '84
feet.
1
New
Orleans
Memphis
Nashville
Northern spinners' takings to
January 23
—
—
—
72,189| 105,291
100! 81,,2841113,025
The above statement shows— 1. That the total recclpta from
the plantations since September 1, 1884, were 4,333,562 bales;
in 1883-84 were 4,143,951 bales: in 1883-83 were 4,483,895 bales.
3.
That, although the receipts at the outports the past week
WSfe 93.911 bales, the actual movement from plantations was
87,133 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 74,718 bales and for 1883 they were
AmoMT
18.
—
,789! 126,,278jl40,043
I82I
19.
—
,785:200, 419 207,547
983!
—
ranged from 26 to 77, averaging 46.
Macon, Georgia. It has been showery on two days of the
week. Cotton on plantations is about exhausted. Average
thermometer 35, highest 68, lowest 30.
Columbus, Georgia, ^We have had rain on two days of the
week, the rainfall reaching two inches and thirty-nine hundredths. The thermometer has averaged 32, the highest being
42 and the lowest 30.
Savannah, Georgia. It has rained on six days of the week,
the rainfall reaching one incli and eleven hundredths. The
thermometer has ranged from 39 to 75, averaging 45.
Augusta, Georgia. The weather has been cold and cloudy
during the week, with light rain on three days. The rainfall
reached forty-four hundredths of an inch. The thermometer
has ranged from 34 to 76, averaging 43.
Atlanta, Georgia. We have had rain on one day of the
week, the rainfall reaching one inch and flfty-four hundredths.
Heavy sleet storm falling now (Friday afternoon).
Average thermometer 33 "4, highest 63 and lowest 15.
Charleston, South Carolina. It has rained on five days of
the week, the rainfall reaching ninety-three hundredths of an
inch.
The thermometer has averaged 51, the highest being
211,740
,249 171 ,99« 298,,899 304, 119275,979
244,123
.029 198,,970'S91,,537 372,!,758 293,(»8
259,175
,748,229.,539 357,221 [239. 329 289.343
275.700
,584 287
,6?2 237,,001 322.280
,693 '277, 397 825,186
291,378 386,,477 316,
299,528'410,,248 '333,
highest 72, lowest
Auburn, Alabama. Telegram not received.
Madison, Florida. It has rained on three days, and the
remainder of the week has been cloudy. The rainfall reached
eighty-six hundredtlis of an inch. The thermometer has
.
Sa-'SS. '83.'84. '84-'85.:'82-'83. '83-'84.,'84-'85.:'8S-'83.;'83-'81.|'»«-'85.
14..
38,
8elma, Alabama. It has rained on one day of the week,
the rainfall reaching three inches and forty hundredths. The
thermometer has averaged 35, the highest being 65 and the
Endtii-lf—
:
fair to
Memphis, Tennessee.—The weather has been extremely
week with rain on one day, the rainfall
reaching twenty-eight hundredths of an inch. The thermometer has averaged 23, the highest being 43 and the lowest 2-7.
like the following.
Week.
Three days have been
night.
last
cold during the
Receipts from the Plantations. —The followmg table is
prepared for the purpose of indicating the actual movement each
jveek from the plantations. Receipts at the outports are sometimes misleading, as they are made up more largely one year
Chan another at the expense of the interior stocks. We reach,
therefore, a safer conclusion through a comparative statement
RECEIPTS FROM PLANTATIONS.
sleet
to 33, averaging 20.
10>4
1019
10%
We
Monday and
The thermometer has averaged 19, ranging from 3 to 31.
Helena, Arkansas.— It has rained on two days of the week
and this morning is cloudy. The rainfall reached eighty-five
hundredths of an inch. Light snow fell this week. Cotton
is about all marketed.
The thermometer has ranged from 7
MIUOUNQ COTTON OK—
Skitur.
JAUle Rook, Arkansas.—This haa been one of the most
severe weeks in our history.
had snow on Friday and
clear.
Quotations for Middling Cotton at Uthku Mahkets.—
In the table bolow we give the closing ((notations of middling
cotton at Southern and other principal cotton markets tor ea<^
day of the past week.
Week enitmy
125
Bhreveport
Vloksburg
Below high-water mark
Above low-water mark.
Above low-water mark.
Above low-water mark.
Above low- water mark.
Inch.
2
4
28
37
27
41
4
Feet.
Inch.
8
4
20
23
10
31
2
8
3
9
9
11
New Orleans reported
below high-water mark of 1871 until
the zero of gauge was changed to highwater mark of April 15 and 16, 1874, which is 6-lOths of a foot
above 1871, or 16 feet above low-water mark at that point.
Sept.
9,
1874,
when
Weather Reports by Telegraph.—The weather the past
We have
India Cotton Movement from all Ports.
week has been in general severe and rainy, ice, sleet or snow
re-arranged our India service so as to make our reports more
being reported from a considerable section. This has, to some detailed and at the same time more a(x;urate. We had found
—
extent, interfered with the free
marketing of the crop.
Qalveston, Texas. Telegram not received.
tndianola, Texas. Telegram not received.
Palestine, rea/O*. —Telegram not received.
New Orleans, Louisiana. It has rained on four days of
the week, the rainfall reaching ninety-nine hundredths of an
—
—
—
The thermometer has averaged 43.
8hreveport, Louisiana. Telegram not received.
Vtcksbiirg, Mississippi. Telegram not received.
Columbus, Mississippi. It has rained on two days of
the week, the rainfall reaching fifty-one hundredths of an
inch.
—
—
—
inch.
impossible to keep out of our figures, as cabled to us for the
ports other than Bombay, cargoes whicli proved only to be
shipments from one India port to another. The plan now
followeci relieves us from the danger of this inaccuracy and
first give the Bombay statement
keeps the totals correct.
tor the week and year, bringing the figures down to Jan. 23.
BOMBAY receipts AND SHIPMENTS FOR FODR YEARS.
it
We
\8hipnientt thit reeek-t
Shipment' einee Jan.
1.
Qreal
Oontirear! Great Oonti- _ ,„,
iBrifn. nent. ^oi<*'- Britain\ nent.
^«»'-
33,000
56,000
28.000
1882I17.000 IO.OO'V27,0(>Ol 6«,000l 35.000
42,001
102.000
56.000
101.000
\
\
18S5 5,000 4.000 9,0001 9,000
1S84 22,000 25,000 47,000 46.000
llO.OOO 28.000
1 3831 10,000
Xeeeiptt.
ThU
Week.
21.000
3ir.M
Jan.l.
41.0001
53,000
157,COO
37.000
127-.000
4t.0OO|
144.0ra
.
„
:
THE CHRONICLE
126
According to the foregoing, Bombay appears to show a
decrease compared with last year in the week's receipts of
33,000 bales, and a decrease in shipments of 38,000 bales, and
the shipments since January 1 shc^ a decrease of 60,000 bales.
The noTovement at Calcutta Madras and other India ports for
the last reported week and since the 1st of January, for two
" Other ports" cover Ceylon,
years, has been as follows.
Tuticorin, Kurrachee and Coconada.
Shipmen t» nnee Jan uary
Shipments for the week.
Continent.
Great
Britain.
Oaloutta—
1885
1884
2 300
1,000
a,700
800
Total.
Great
Britain.
3.300
3,500
4.800
9,000
Continent.
1.
5.800
9,800
800
Uadraa—
1885
1884
300
300
1,300
2,200
1,300
2,2C0
1885
1884
2,0G0
2,000
30J
300
3,5C0
1.700
3.500
1,700
AU otliers—
—
A Revelation from Lancashire. The following we take
from the Manchester Examiner
Sir Suffering like many others from the result of the reck-
—
building of mills in the Oldham district, I have busied
myself in dissecting the Oldham share list, and in reducing to
a proper value several first class mills, both dividend paying
and otherwise. I take as a basis that a new fire-proof mill
be built on leasehold land and filled with machinery at
23s, per spindle. I deduct an allround depreciation of 5 per
cent per annum, which is little enough, considering the high
rate of speed now run. I have selected only first class mills,
and could easily have chosen much worse cases. My figures,
if correct, go to prove that on to-day's cost price of a new
mill, after allowing for usual depreciation, there is a vast
amount of money expended which has no real value whatever.
This is a question of the utmost importance to thousands of
investors, and I hope it will ba well sifted.
less
Total all—
1885
1884
the ports
9,600
12.900
5.600
3.800
],000
4,600
3.000
800
1.000
10,600
800
13.'(00
cm
week show that the movement from
other than Bombay is 1,800 bales 7}iore than same
The above
totals for the
week
For the whole of India, therefore, the total
last yeart
shipments since January 1, 1885, a,nd for the corresponding
periods of the
two previous
years, are as follows:
EXPORTS TO EOROPE PROM
Shipments
Europe
This
week.
from—
Bombay
Total
Thit
week.
Since
Jan.
1.
1883.
ThU
Since
Jan. 1.
Since
Jan.
week.
1.
106jO
47.000
3.800
103,000
13,700
10.000
4,003
56,000
23,500
52.600
50.800
115,700
14.0001
79.500
9,0C0
5.600
42,000
14,600|
All other porta.
ALI. INDIA.
1884.
1885,
to alt
^^ of Van Value to-day Value of '»Ulcm"ned^wor
each \afieraUowinq\andmachin-f^';VI*{9^"^
«'!
,,,
mill
"""
ery. as per
iuttreeialion
^InaVlWhet
22s. per
hat
^balance sheet,
as above.
""js 3 on<?4
spinale.l
new
"""'
ir...
day.
'",
„i
at
1
This last statement affords a very interesting comparison of
total movement for the three years at all India ports.
Alexandria Receipts and Shipments. Tlirough arrange-
he
—
ments we have made with Messrs. Da vies, Benachi & 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 the
corresponding week of the previous two years.
A.texandria, Egypt,
Januaru
XL;
of the strongest elevators (one of them capable of raisng 8,000
lbs,, to carry up safes, &o.) will be run for the accommodation
of the Exchange and occupants of the building. The rent of
an office includes janitor's service, eteam heat and the amount
of gas or electric liglit usually needed from 8 A. M. to 8 P. M.
If tenants desire Venetian awnings or shades they will be put
up by the Exchange at cost. There is telephonic communication from the Exchange floor to every office in the building,
and by the same means telephonic communication to all parts
of the city may be obtained. Any additional wires can only
be inserted by permission of the Exchange. Interior signs
on glass doors will be painted for the tenants, cost to be
Directory boards in conspicuous
charged to the tenants.
places will also be provided by the Exchange, but no signs
will be permitted on the exterior of the building.
Total.
i.ono
[Vol.
1884-85.
21.
1882-33
1883-31.
Share
capital.
!
£02,200
71,200
63.000
68.200
86,600
85.100
6H,600
85,100
63.200
75,300
73,500
61,600
11
10
10
9
10
10
10
«35,400
42,600
37.700
43,000
51,900
51,100
40.000
53,600
37,900
47,500
48,200
43,000
9
10
9
9
7
«93,300
«57,900
29,150
35,850
24.800
39,050
44,500
32,050
47,100
71,7.50
73,550
67,800
90,950
95,600
£48,000
49,100
25,600
42,250
54,900
35,100
38,700
52,600
64,300
60,900
47,600
45,600
24,100
48,100
54,100
34,600
£463,250
£567,700
72,0,50
100,700
63,500
89,750
103,100
78,100
Eeoelpts (oantars*)—
TMa week
135,000
2,623.000
Blnoe Sept. 1
Exports (bale.8)-^
xo Uverpooi
ToCoatinent ...
65,000
2,307.000
65.000
1,886,000
Thit
Since
week. Sept. 1.
Thit
Since
week. Sept. 1.
Thit
Since
weik. Sept. 1.
11.030 218,000
3,000 91,000j
4,000 165,000
5,000 76,000
7,000 153.000
4,000 49,000
|14.(;0o!309,00o| 9,000 241.000 11,000 202.000
Total Europe
'A. caotar Is 93 lbs.
This statement shows that the receipts for the week end
ing Jan. 21 were 133,000 cantars and the shipments to al"
Europe 14,000
'
bales.
Manchester M.\rket. — Our report received from Manchester
We
to-night states that the market is dull.
give the prices for
to-day below, and leave previous weeks' price for comparison.
1884-85
i
32« Cop.
8>4
lS83-Si.
CoU'n
Iht.
Shirlmgi.
Iwiat.
A.
R.
A.
».
d
9
5
9
-97
2
" 28 39,6« 9ie 5 9
Dec. 5 8«i6® 9ie 5 9
" 12 S>2 ® 9l8 5 8
a7
®7
87
37
37
d.
Nov 21
8>«
®
" 19 8^ « 9
" 26 838 a 9
5
5
Jan. 2 S'ld® 9116 5
"
9 S^isS 9116 5
" 16 338 ® »
5
7
7
7htl7
7'5i»7
7ifla7
" 23 85,«-8l5,„|5 71297
aifi
3
1
Mill.
325 Cop.
Uplls
Iwit).
d.
d.
,1.
h% 81* a
5>a,« 8=8 a
5"^,fl 8^8 ®
5'8
8»,6a
5l3,fi 838
838 ®
6
8I2
6
.Olo.ft
5
'8
516,
81a
858
bia
a
a
®
-a
a
8»4 Ibt.
Shirtingt.
8.
919 5
d.
7
R.
®7
9185 7 -97
0is5 7 ®7
9 15
S'a'o
8''e5
9
9
8
(1.
Mid
Upiet
a.
51^16
11-3
6
578
21s
5l3,g
51296 III3
531,"^
5ia»sn<s
513ij
7
5 7
918 5 10
9 15 10
|5
«7
m
m
CotVn
'»7
37
a?
•»?
1
.513 „
1
.516^
21a
21a
516?
5''8
—
New York
Cotton Exchange. It has been officially announced to the Exchange that a contract for the sale of the
property now occupied by tlie New York Cotton Exchange
has been entered into with Mr. Moss J. Piiillips of Brooklyn,
for the sum of $165,000 cash, the Exchange to retain the use
of the premises and receive the rents till the first of May next,
at which time the new Exchange will be ready for occupation.
The new building
is
thoroughly fire-proof, with
plate-glas.s
windows, marble wainscoting and marble tiling in halls on
lower floors, hard wood finish in the office stories. Its location and construction make it probably the best lighted and
ventilated building in the city. Tlie artificial lighting is to be
by gas or electricity, at the option of the occupants. The
beating is by the most approved steam appliances. The entrances to the building are on Beaver, William and Pearl
entrance to the Exchange room
streets, and the main
Beaver .-vud William streets.
at the corner of
The
the
lobby
and visitors' gallery and upto
Btaircase
is
wide,
and
stories
easy
per
conveniently placed.
Three
accounts of 13 modern
mills of the best construction, whose united paid-up capital
According to the above
figures, the
amounts to £567,700, represent
more than it would realize on a
their plant as
worth £468,250
nothing of a
fair sale, to say
forced sale. This is, in my opinion, the present condition of
most of the limited concerns in the Oldham district, and under
such circumstances it is the duty of the directors, acting as
trustees, not only for the shareholders but for the loanholders,
to pay no more dividends'until the value of the buildings and
machinery as stated in the balance sheets more nearly apSpinner.
proaches the truth, I am yours, &c.,
—
A
Jute Butts, BAOOiNa, &c.— The demand for bagging has
been rather moderate, and buyers are showing less interest in
Orders are still coming in, but they are of a
t)ie market.
jobbing character, and only to fill present wants of the trade.
There is no change to note in prices, though a weaker tone is
shown by some sellers, and it is probable that a shade under
present quotations could be done on a large parcel. The close
is easy at 8:':{c. for IJ^ lbs., 9>^c. for 1% lbs., 10c. for 3 lbs. and
Butts have sold in small lots
for standard grades.
and some 3,000 bales have been placed at IJaC
for paper grades and 2,^@2>^c. for bagging qualities, with the
market closing at these figures.
lOJ/c.
quite freely,
Comparative Port 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. We have consequently added to our other standing
tables a daUy and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named. The movement since
September 1, 1884, and in previous years, has been as follows:
as the
Tear Beginning September
Monthly
Reeeiptt.
1883
1881
1882.
343,812; 326,65ii
Sept'mb'ri 345,443
October.. 1,090,385 1.046,092' 930,584
Noveinb'r 1,122,164 1,030.380 1,094,697
Deoemb'r l,10J,211il,059,653 1,112,530
1.
1881.
1880.
1879.
429, 77T
853,193
435,478
963,313
333,613
833,492
912,272
956,464
974,043 1,006,501
996,907 1,020,802
Total year 3.602,205 3,479,937 3,514,473 3,253,822 3,454,099 3,120,871
Pero' tage of tot. port
58-80
62 39
58-38
6893
7175
receipts Dec. 31..
1
I
This statement sho-ws that up to Dec. 31 the receipts at the
and
ports this year were 182,368 bales more than in 1883
adding
147,733 bales more than at the same time in 1882. By
to the above totals to December 31 the daily receipts smce
of
that time, we shall be able to reach an exact comparison
the movement for the different years:
.
,
.
January
7
1
.
1883-34.
Xa8t-39.
Jnn. 1..
' 2..
"
8..
"
4..
5..
6..
"
"
•'
7..
"
8..
•'
••
10,299
10.022
23,20G
;i,
1881-33.
t88t-98.
1880-81.
1979-80.
,454,009
20,204
179,93
19.952
,514.173 3.293.622
18,203
1S,88B
10,97
49,360
35,«88
24,056
29,131
14,-190
38,89."
23,424
11,808
13,397
10,773
B.
,120,371
l.'.,776
8.
31,713
23.330
21.3 i8
17,020
23,405
37,231
20,021
9,936
16,S8J
11,731
li 12J
15,135
8,
17,091
25,039'
39.653
19,749
28,9 49
25,776
8.
17,2861
2l,ei0{
16,34S
8.
23,752
S.
1.^,013
18 021
17,404
16,032
15,170
23,605
15,495
21,752
12.290
11,009
•20,528
18,192
18.843
13,705
B.
25,889
21,98^
16,947
14,697
32,31
21,987
9..
10..
" 11..
B.
" 13..
" 13..
" 14..
25.096
20,001
24,744
10,924
28,206
14,639
" 15..
" 16..
" 17..
" 18..
••
19..
••
20..
" 21..
" 22..
" 23..
THE CHRONICLE.
24, 1885.]
TotDc,1.31 3.ei(J.205
8.
31,999
10.691
23,706
20.346
30,896
24 356
8.
8.
22,0M
19,929
17,551
34,763
20,411
i
a.
22,132
21,127
19,018
10.790
26,933
35,438
13,509
23,777
24,347
8.
3.
17.601
13.631
15,735
16.877
23,336
15,733
21.176
20,568
8.
13,532
31,395
17,310
17,372
8.
8.
28.087
23,976
8.
17.36:^
3>,155
22.105
17,733
21,312
36,137
PeroentaKe of total
78-84
67-76
76-97
port reo'pts Jan 23
65-61
72-28
'
1,J25 balos added uh correction or receipt!! at Norfolk since .Sept. 1
This statement shows that the receipts since Sept. 1 up to
to-niglit are now 237,793 bales more than they were to the same
day of the month in 1884 and 38,634 bales less than they were
to the same day of the month in 1883.
add to the table
the percentages of total port receipts which had been received
to January 23 in each of the years named.
.
We
TokU balm.
per stonmer (.nprdam, 875
Anlwir|i, vcr iiti-.imcrn I),: Kiiylor, 335
Wsenland. ((08
(Jenoii, per Kli-aiiier Merela, 1,145.
ToTrlodIc, pi-r nlcanit-r .Morel, i, 200
.S'KW OHI.KANS— To Liverpool, per steainors Amorlctn, 3.093
Australian, <I,S13. ...N(,rfnlk, 5,121,... Pedro, 1,000....
Regius, 10,000 . ..Satiirnlna 5,8()0. . .Texan, 3,62.5. . .per
ships Lord I.ytlon, 4,050
Nrtlle Murphv, 4,406
per
harks Addle H. Canu, 2,10^
(juoen of India, 3,4.'0
To
To
To
Roft,(rrtnni,
ExpoR-rs ov Cotton from New York this week show a
decrease, as compared with last week, the total reaching 11,332
bales, against 17,397 bales last week.
Below we give our usual
table, siiowing the e.xports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and directions since September 1, 1834, and in the last column
the total for the same period of the previous year.
BZPOBTS OP OOrrOH (BALES) FSOX NBW YORK SINCE SEPT. 1. 1884.
KoyalTar,
Veek eliding—
to
—
Liverpool
Other British ports.
Jan.
Jan.
Jan.
Jan.
Total
since
1.
8.
19.
22.
Sept. 1.
7.091
2,003
Total TO Qbeat Britaik 0,094
Havre
I
ti.775
13.503
887
1
9,662 13,£03
Oranmore, 612
Total
.159,212
particulars of these shipments, arranged in our usual
form, are as follows:
Holler-
null
667
27,010
75
226
748
329
819
1,375
Other ports.
1,014
2,932
i',81-i
1,968
15.934 17,539
33,364' 20.023
44.394 28.585
TotaltoNokth. Europe
1,345
4.029
2,631
4,445
94.212
66.147
1,345
1,497
7,593
2.967
2,232
550^ 1.345
9,090
5,19J
Total Spain. &e
433!
Okahd Total
97
25.211
731
25,241
12,706 14,475 17,397 11, 33 21373,7 18 '316,71
The Followinq are the Gross Receipts op Cotton
New
at
York. Boston, Philadelphia and Baltimore for the past
week, and since September
NlIW VOBK.
1,
1884.
Boston.
Philadklph'a
Baltihori.
lUctipti
TTiii
/rom—
wtik.
New Orleans
Texu
Since
Sept.
1.
Thit
week.
Since
Sept.
1.
5,057|
m.BlU
3,603
186,057
7,853
141,202
900
900
Florida
i,8ai
S.797
3,353
7,508
So. Carollaa..
1.779
899
10,700
4,738
93,517
16,829
16«.UI9
3,282
52,9S8
312
3,930
3,75'
48,368!
2.481
10,233
100,09lj
Savannah
.
.
Mobile
No. Carolina..
471
Virginia
North'n ports
Tennessee ,Jtc
1,00-
4,(
Since
week.
Thit
week.
Sept. 1.
Since
Sept.
1.
3,253:
34,650
8,385
347
J,207
ass
8,102
I
14,13)
704
15,013
560
31,216
.321
80,007
8M
24,663
2,030
1(!,0D0
196
28J831
7*»<.2«
28,724
259,540
l,«5t
63.3311
3,373
I5;t.sl«
Last year...
22.«38
7B3..137
7.2S2
gW.mS
2.857!
55.HS7:
1.510
Ua
..
.„
-voRK—
nh.w
,
.
l,2i>5
1717 4,641
2.440
2.-J70
3,6it
Total.
11.332
82,9 IK
4,119
3.631
13,337
l.'3>
3,002
18,7S9
4,600
1.750
4.600
696
4.499
4.487
1.717
4,429
tl-i
..
6(17
1
875
'(J02
5,592
3,175
3.785 159.212
bark Sei Amici, 2,030.
For Ilivr,;— Jan. 1;J— Sark Cambnsloon, 4,101.
For Bremen— Jan. li-Steamer Marchioness 5,'.0J.
ForP.nacwS -Ja). 19— Brig Ban I'letro, 1.000.
Savannah— tor Liverpool— Jan. 17-8tcamer [oni, 1,233.
For Barcelona- Jan. 17-Bark Jona, 709.
Charle-tos— For Grim.sby Roads, for orJers-Jan, 17—Steamer Harrogate, 9,156.
For Seiia.stopol— Jan. 16-Steamer Almandine, 5 017.
Wilmington— For Llveniool— Jan. 19— Hark C. L. Weyer, 1,600
21— Bark Charlitte and Anne, 1,756.
Norfolk- ForLlverpool— Jan. 17— Barx Avonmore, 5,229
Jan.
Jan.
20-
Bark Blanche, -2,466.
Boston— For Liverpool— Jan. 14— Si«amer Bor.lerer. 237.
Baltimore— For Liverpool— Jan. 13— Sceamer Ben well Tower. 1,903
Jan. 15— Steamer Bryu Glas. 722
Jan. 17— Steamer Nessmore,
1.394.
PaiLADELPHiA-For Liverpool -Jan. 20— Steamer British Princess, 2,111.
Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.
AcuBA, steamer (Br.), from Galveston for Bremen, before reported on
Ure off Dover, Eng. The fire was e.-ctinguished by the 20th. The
undamaged portion of the cargo has been discharged. The
steamer leaks a great de.al and the tide eaters her engine room.
The cargo includes 4.715 bales of cotton.
Benwkll Tower, steamer (Br.), which sailed from Baltimore. J.an. 17,
for LiverpoW, re'urned on th-< 13th with her cargo on tire. The
fire was ertinguislied.
Ten bales of burned cottoa wero dlacharged.
No
other dama.ge
;
vessel s lilel on the iOU\.
Cotton freights the past week have been as follows:
Liverpool,
steam
sail
Bremen,
Do
—
c.ji'aaS^*
sail
sail
'u-
"is*
»i»*
»8»7„.
SBS'le*
%»7,j-
»!«'•
Hi'
ni-
5l«*
431
451
491
i^aBjj
»4a»sa*
e.\
Ois-^'si* "is-'^Si"
c.
sail
rf.'
591
10\
451
ViS^sa*
'43 '32'
H-ai^i-i
>4a»j2*
e.\
e.|
Genoa, steam
Trieste, steam. ..e.'
Antwerp, steam, f. 5.
Compre8sed.
'
Fn.
'64*
8»U...c.
Reval, steam
Do
IKwrt.
84*
323%'
7
ste.am..c.j
Amst'd'm, steam.e.
Do
Wtdnet
C.I
Hamburg, steaqi.o.
Do
PiMJ.
eail...d.
Havre, steam
Do
Hon.
d.
Barcelona,steam.e.
City
832
To Hull, per steamers Marttsllo, 350... Salerno, 96
To Havre, per Btoimer 8t. Germain. 667
To Bremen, p.T steamora Jfaln. 9i6
Xeokar, 919
To Hamburg, per steamer Uohemla, 602
1,345
the latest dates;
1-33
Total bales.
To Liverpool, per steamers Adriatic, 1,012
,n''w*','!°*'"''*'-^'''*'> •-••^™S""'°19---'Vyoraln(r,
Trieste.
Galveston— For Liverpool— Jan. 17— Bark FrltUiof, 1.951.
For Fleetwood- Jan. 17— Bark Friien. 1.183.
For Vera Cruz— Jan. 17— Steamer Whitney, 300.
New Orleans— For Liverpool— Jan. 10-^teamer Horn Head, 2,100;
Do
,
and
lona.
Below we add the clearances this week of vessels carrying
eotton from United States ports, bringing our data down to
...
Shippinq News,— The exports of cotton from the United
States the past week, as per latest mail returns, have reached
l.)9,21'2 bales.
So far a-s the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the Chronicle last Friday.
With regard to New York we
include the manifests of all vessels cleared up to Thursday
night of this week.
xTi.,.. ir
1963
Jiarce-
.
Salur.
This year...
8jl
2.477
7,150
14,231
9,7li3
3avannah..
Qalveston
1,015
Wilmington 3,00J
Norfolk..
17,039
West Point
806
40,735
4.478
Forelffn
H67
5,090 16.678 16,226
713
550
verp.
446
4.4:9
N. Orleans. 57,SH2
4.119
MobUe
Charleston.
burg.
Total.. 108,336
63-
"436
New York.
Genoa
tt
Havre,
year.
4,375 243,370,220,130
97
by.
Ham- Ant-
I,9a9
1,331
Bpaln,Op'rto,Qlbralt'r,&c
A.11 other
pool.
<l
Boston
PhUadelp'a
4,129 215.687|202.90i
446 27,383 17,225
602
Bremen dam
<t
Liter- Orims-
period
26,295
...
4.487
1.717
The
0)6
66
Hamburg
...Cata-
lonia, 500 ...Kansas, 2,493
Palestine, 828
Philadelphia—To Liverpool, per steamer Lord Clive, 1,717
2,500
4,187
1,717
713,
Bremen
2,500
1,999
To Ants-erp, per steam <rSuff>ik, 1,<),»9
Boston— To Liverpool, per steamers Bulgirian, 6j0
Baltimore..
621
66
Total French
jjoo
97,362
.
Newport N.
\i>revi'u»
1,140
Kh'p.i Hhelhiirno, 3,072
Thomas N, Hart,
per lijrKs Carlo, 2,388
4,353
Themis, 8,090
1 4,261
To Bremen, per stounors Cor ma, 4 7.50
Victoria, 2,400..
7.150
To Barwloi ft. per bnrk America. 1,205
1,20.5
ToOunoa, per steamer K.><|ianol, 2,440
2.440
Mobile— To Liverpool, per ship Northumbrls. 4.110
4.119
OiiARLESToN— To Liverpool, per bark Australia, 1,607 Upland
and UOSea Island
1,717
To urimsby, per steamer HnrblnKer, 4,014 Up!ani^
4,644
To Barcelona, per Imrks Amiral Chamer, 032 Upland
Formica, 1,30H Upland
2,270
Savannah—To Llveniool, per steamers Deuteros, 3,865 Upland
and 390 Sea r«'aiid
Uunedln 3,371 Upland
per bark
Caleb, 1,677 Upland
0.7C3
To Bremen, per steamer Bmtapesth. 3.621 Upland
3.624
Galvkston— To Liverpool, per barK Llann. 1.035
1,035
WILMINOTOS— To L'verpool, per barlt (rustave Metzler, 1,418
per l)rl){ Fidelia. 1,584
3,002
Norfolk- To Liverpo.ii, per steamer Anerlev. 4.03i
per
ships Cumberland, 9.654
Scrvla, 4,571
per bark
Mai?Kle Moore, 2,7.<2
17,039
To Havre, per bark Ros.n, 1,750
1.7.50
West Point— To Bromon, per steamer Bertie. 4,600
4,600
Nkwport Nkws-To Liverpool, per steamer Auerley, 606
606
Balti.«ohk— To Liverpool, per steamers Caspian, 1,388
Same
1,331
Other French ports
2,31'/
ggs
J. 143
.
To Havre, per
The
Exported
127
.
B.
23,518
23,880|
H.03<ij
20,086!
15.187
12,302
31,3^0
12,290
2.3,512
30.3J8
30,790
8.
1,051,697 3,823,399 4,078.331 3,633,505 3,353,704 3,611,110
Total
:
>4a»3a'
'4
i4»»3a*
3»3a'
»•
»33*
932'
-n
t
ti.
Per 100
8,4'
lbs.
«.4*
e.,4*
-
.
»
THE CHRONICLE
128
—
Liverpool. 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
Jan.
Jan. 9.
2.
Saleaof the week
bales.
Of wliiph exporters took
•67.OO0
0( wlilch speculators
Bales American
-6,0«0
*il,000
17,000
•43,000
601,000
<
Forwarded
Total stock—Estimated
Of which American— Estim'd
Total import of the week
Of which American
417,000
•194,000
•163,000
afloat
2S7,00('
Of which American
For two weeks.
262,00r
Jan. 23.
Jan. 16.
52,000
3,000
5,000
32,000
3,000
42,000
698,000
495,000
182,000
149,000
339,000
310.000
'3,00(.
took..
Actual export
Amount
—
.
38,000
43,000
3.000
4,000
29,000
6,000
23,000
724,000
522,000
97,000
76.000
346,000
3^5,000
a, 000
4,000
27.000
4,030
23,000
741,000
537,000
76,00:1
59.000
373,CO0
355,000
The tone of the Liverpool market for spots and futures each
day of the week endiug Jan. 33, and the daily closing prices
of spot cotton, have been as follows:
[Vou XL.
further improvement on yesterday's figures, but the close was
dull.
DAILY CLOSING PRICES OF NO. 2 BED WINTER WHEAT.
Tues.
Wed. Thuri.
Mon.
Fri
Sat.
94 <4
94!lt
94%
95
S5
941s
In elevator
92ia
Hl\
91
92%
92 la
9212
February delivery
9338
9378
94 14
92 Ss
94
94
March delivery
95I9
9i%
95%
94'a
96
951a
April delivery
9719
96
la
96%
9714
97
97%
Maydelivery
97 k
9719
98
961a
97>a
98
June delivery
Indian corn was unsettled and depressed early in the week
under review, but speculative activity again set in, and there
were large purchases for export, favored by a lower range of
ocean freights, upon which there was a quick recovery, the
early deliveries showing exceptional buoyancy, and the offerings in the tegular way limited to small broken parcels. To.day the feature of the market was the development of a
"corner" on January contracts, by which the price of No. 2
mixed was advanced to 58c., with some excitement, but
extreme prices were not sustained.
Salurday Monday.
apot.
Market, ( In buyers'
favor.
12:30 P.M. 5
Mid. Upl'ds
Mid. Orl'ns.
Tuesday.
Small
Quiet.
inquiry.
Wednes. TKursd'y
\
In buyers*
favor.
Frutai/
Harden'e
Steady.
tendency.
515,3
6'l6
5''8
r»
7.000
l.OOO
G
7.000
1,000
l-61hlgUr
Quiet.
Quiet.
Firm.
Barely
sieudy.
Steady.
6,000
1,000
8.000
1,030
Irregular.
Sales
Bpec.&exp.
Futures.
Market,
12:30p.m.
r^
Partially
Quiet
but
Market,
5 p. M.
steady.
6
8,000
1,000
7.000
1.000
Firm at
Steady at
1-84 ad-
1-81 ad-
vance.
vance.
Very
Firm.
firm.
The opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
mr" The
5
62-64rf.,
prices arc given in peticeand
6 03 means 6 3-61(i.
5 62
Giths, thus:
tneans
and
Sat. Jan. 17.
Opm
Btgli Lfnv. CIo«.
d.
a.
January .... iSb 5 65
Jan.-Feb.... 555 5 55
Feb.-Marcb. 558 6 58
March-Apr. 5 62 5 62
8 09 «na
April-May
May- June. BOB 6 06
June- July.. 6 10 6 1,0
..
July-Au(f... 8 13
Ang.-3ept... 6
Bept.-Oct...
...
Oct.-NOT...
6 IS
n
Mod., Jan. 19.
d.
a.
5 55
5 53
5 5H
5 55
5 55
5«2 5 62
HOa 6 02
8 08
8 10
6 13
617 6
17
06
10
8
8
6
6
18
17
:
'.20.
Open High Low.
Clo,.
Open
Hijli
Low.
Clot.
d.
a.
d.
d.
d.
d.
d
5 56
5 59
5 55
5 59
5 63
6 03
6 07
8 11
6 14
5 59
6 59
5 5tl
5 5.
5 63
6 US
6 07
d.
558
Tne*., Jan.
5 55
5 55
5 59
5 83
6 03
6 06
6 10
556
568
8 0S
6 06
6 10
558 5 58 5 65
556 5 58 5 55
5 59 5 59 658
5 63 563 5 63
6 03 8 03 802
6 07
6 07
810 6
614 6
618 a
a 11
614
614 814
817 8 18 617 6 IS
14
8 13
18
8 17
6 17
....
...
....
....
Nov.-Deo...
...
Wednes., Jan «1.
Thnra., Jan.
....
Frt.,
!J3.
J nu.
'.23.
Open Bigk Low. ao». Open Hiah Low. OUu. Open Bith Low. OUu
d.
<i.
5 5t
6 54
6 54
6 5t
Feb.-March. 5 57
5 56
5 57
5 57
5 59
5 83
5 57 5S8
S5S 5 57 6 58
500 55(1 5 60
8O0 5 63 6 0O
6 04
8 08
..
...
d.
d.
d.
January.
Jan.-Feb
d.
8:4 5 51
664 5 51
5 57 S66
61 861 560
March-Apr.
5
April-May.
6 01
6 01
580
8 00 800
d.
6 38
May-June.. ec5 8 05 8 04
6 04
8 03
8 07
June-July.. 8 09
6 09
808
610 8
July-Aujt... 6 12
AuK.-Sept... eie
8ept.-0ct..
612
616
6 08
6 11
6 15
...
...
Oct.-NOT_..
NoT.-Deo...
12
6 11
8 14
615
618 8
....
d.
6 15
18
8 08
6 07
....
....
....
d.
d.
6 61
6 81
6 62
6 82
5 63
6 04
8 07
681
6 62
6 02
d.
5 81
5 62
5 62
5 68
6 02
5 83
8 04
6 04
806
808
6 07
6 08
6 10
6 14
611
6 10
611
6 15
8 14
6 15
6 16
6 SI
618
8 18
• 22
6 21
6 18
8 2!
010 6 12
811 615
618 6 19
....
rt.
....
....
....
....
Fridat, p.
The
flour
week, and
market has been much
prices, lacking the
M
less
,
January 23, 1885
active in the past
speculative support which the
movement in wheat has recently given them, have become
somewhat weak and irregular. Still, at the close there is no
material decline. Stocks are light, and buyers complain of
the difficulty of getting good lines for export.
The wheat market opened the -week dull,
and on Tuesday
There was much
selling to realize, and the large, visible supply seemed to discourage further speculation. But the " bull " party developed
fresh strength, and the considerable takings for export caused a
revival of speculation, attended by a partial recovery in values.
The excessively cold weather in some of the best wheat sections, coming when there is but little snow on the ground,
there
was a considerable
threatens
to
The following are
closing quotations
:
PIOUB
...«bbl. $2 SOS 2 90 Siuthem bakert'an.l
Fine
.
Superfine
SpilDg wheat extras.
Olty
;
80®
2
family brands
superHne
Fine
Corn meal—
Western, &o
3 10
3 10 9 3 30
stra't.
3909
5
3
4
5 2o
2ja
smpiiugex
K,ve Hour,
00
10» 3 40
30»
4759
3
3 50 9
South'n com: extras..
Brandywlne.
6 OU
4 75
Buckwheat
4(0
lOOlbs
3
2
83» 5 50
40» 3 60
40« 2 75
3
009
*4
®
(fee...
1704
Bye— Western
Wheat
Spring, per bush.
Spring No. 2
Ked winter. No. 2
Red winter
White
Cam— West, mixed
82
95
92
80
Hi
50
West. mix. No. 2
West, white
White Southern..
yellow Southern.
50
52
olOl
a
State
»
»
«
36
38 »
37ia*
No. 2 mixed
ZV.H9
No. 2 white
43 a
Buckwheat
Barlev -No. 1 Canada. 87 9
77 »
No. 2 Canada
60 «
State, two-rowed
69 a
State, six-rowed
White
a 98
» 58
s 08
a 54
» 55
a 55
52
02
««
Gate— Mixed
97
a 94
91 00
3 25
3 30
flour per
aK.\iN.
00
1
64
71
3812
41
37%
39
50
90
80
62
73
The movement of breadstufls to market is indicated in the
statements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
the compar
lake and river ports, arranged so as to present
since Aug. 1
Jan.
and
17
ending
week
the
for
tive movement
tor each of the last three years;
jlow.
ReeHptt air-
Com.
WTieot.
j
Barlev,
0ot«.
Ryt.
mii-l9Olht,Buth.0Ottu Buai.Sfilbt Blult.33U>,< Bwh,48U>« Biuh.S»i s
221,813
24.689
707,035
1,375,828
610.993
82,658
Mllvaukee
Toledo
.
18,670
87.930
168.744
1.807
2,515
137.881
4.009
22.863
41.500
253,527
6,000
180,560
78,769
158.997
38.000
591,910
188,150
£05.091
182.179
1.715.588
2,488,124
1.067,818
431,022
41,108.
940.038
2,3J6.284
1,141,894
84,290
162.100
1.026,078
1,684.886
554,121
308,583
347.197
5,333,509
75.769,222
53.591,09S
45.001,930
31,973,858
10,677,955
3.413.175
4,.S69.990
5S.432,039
34,'200,3'26
12,301,1(11
5,099,808
53.890.37,s
38,835,592
87 375 24
5,408,678
8,645.03&
900
Peoria
Duluth
Tot. wk. '85
Same wk. 84
Same wk. 'tS
Since Jul\i 88
1884-5
1883.4
1882-8
8,900
-338,381
2.360
..
..
137.922
2.400
89,786,
20,095
26,000
84,800
209,425
469
13,737
8.000
43,450
10,800
550
8,500
......
1
9.83«.,SU6
72,657
The comparative shipments of flour and grain from the same
ports from Dec, 23, 1884, to Jan. 17, 1885, inclusive, for four
yeais, fttiow as follows:
decline in futures.
much injury to the fall-sown crop. Today the
movement opened strong, and prices made some
speculative
50
has
W
some export
Detroit...
CleTOland.
BREADSTUFFS.
501a
France as well as to London. To-day
there were scarcely any otfered; the advance on spot lots was
more decided than in futures, and a very strong feeling preFor future delivery No. 2 closed at 37)^c. for Feb.,
vailed.
37J^c. for March and 37i^c. for May.
notice
Minn .clear and
606
6 03
8 09
50%
for a decided advance.
The speculation in oats has been quite brisk for a number of
days, and there has been some improvement in values.
Winter shipp'trextras.
Winter XX & XXX..
Patents
6 0?
57
85
aiifl
Barley has been taken much more freely at
rather better prices, and at the close Canada growth is held
6 53
5 82
Fri.
been inactive.
515
618
6 0l«
6 13
10
DAILY CLOSING PRICES OF NO. 2 MIXED CORN.
Ked.
Thurs.
Tues.
Man.
Sat.
52
51%
52%
Sik
53
In elevator
51»8
51%
53%
.5214
52%
January delivery
4978
f'0%
49 »8
.50%
30 19
February delivery
49i>8
0OI4
5018
49%
SO"*
March delivery
50
49%
S^M
495s
April delivery
SQig
SOig
49 •'8
49%
491a
Maydelivery
Rye has shown a slight upward tendency, but business
1881-5.
1883-1.
bblB.
917,996
696,515
bush.
1.351.102
5.870,862
Floor
Wlioat
Com
Oats
Barley
Total grain
Below
,
1881-2
518,854
l,S2£-.3.'i8
1,381.582
5,49 '1,2.55
2,477,890
fI.i5,131
^J'VZ?
570.270
192,380
873,703
173,369
1,576.076
3,808,655
2,200.470
532,748
170.406
9,730,961
8,695,575
10,101,793
8,287,755
l'??l;V:^^
Rye
1882-3
926,544
are the rail
ports for four yeai's:
:
1,527.675
4.579,9 16
1
shipments from Western lake and river
.
,
.
January
THE CHllONICLE.
24, 1885.]
Flour...
Wee*
Week
Week
Jan. 19.
179.625
Jan. 20.
172.214
Jan. 21.
127.385
Oals,
In store at—
Oiiis
60>',7>i3
Baiicy...
122,815
39.775
3,080,173
3,10J,175
l,Ud9.2i)3
Kjo
314,238
:)5»(!22
1,327,961
1.3J2 003
825.703
SO.siO
ii90,4S8
202.215
30.8 77
:s;.!*j4
2,571,309
2,034,672
Barley,
bush.
0.599
bush.
14,659
D.itrolt
(),\ve«o
HI.
557,685
1.6I7,3i4
711.428
182.990
60,748
319,507
b-Mh.
.
129
1883.
Week
Jan. 17
24,!,'I67
.bbl».
1883.
18Bi.
1885.
Wheat..
Com....
.
'
2..500
ar,8ii6
5!J,679
18,290
31,131
127,792
37.140
1,971
1,741
13,837
Louis
('Ineluuull
Hiwtiin
Toronto
.
.... ......
.Moiilrettl
SSSn
465.0UO
riiiladelplila
11.2.59
......
2.063
2.000
2.118
23,700
Peoria
Total
The rail and lake shipments from same ports for
weeKS were:
Week
Corn,
Wheat,
busk.
Flour,
endtna~~
bble.
Jan. 17'85 253.170
Jim.lii,'85 251.037
Jan. S.'Sa 207,720
Dec. 27'8 1206,069
319,507
382.206
332,611
R,,e
y.
bn«f'
122.815
104.523
128,704
131,633
636,828
551,497
3i9.l72
30i,70l
ri9,775
03.448
•J2.657
2J.251
487,675 155.131
351,102 5.87.).R62 1.866.191
*w... 9 17,990
570.27O 192.338
,o2T,675 4,579,90ii 1,825,338
4w'ka 83-1.6a6,545
The receipts of flour and gram at the seaboard ports for the
Tot.,
week ended
Wheal,
Com,
()aU,
Bar leu.
bufth.
buth.
bnsn.
httsh
185,325
145.750
6,269
21,750
930.786
120.675
10,500
144,';O0
6.010
187,800
585,920
141,628
538,365
Total week.. .256,293
Oor. week '84 .116,971
735.433 2,520,124
0J4.411
766,638
Flota-,
KdwYork
I!;.3ton
Portland
Mimtrnal
Plill^irlilphla...
Baltiumre
«W«.
116,064
59,214
1,350
8,742
27.824
36,159
The
231,742
1881-5
1883-4.
Flour
bWe.
956,156
322,510
Wheat
Cora
buBb.
2.406,180
6,335,533
1,609,522
439.867
63,721
1,151 193
11,410.829
5.486.700
Barley
.
.
Rye
...
The exports from the
ending Jan.
Exports
from -
New York
Boston. ..
Portland.
Montreal.
350,618 123,125
6,700
91,875
10,800
600
5.635
1881-2.
747.909
4.110,555
5,371,165
1,717.398
280,139
54,721
584
982,081
2, SOU
4-21. lOO
122,8 12
2,435.3 24
2,203,131
l,49r.065
470.137
31.427
11,543.981
0,637.987
week
several seaboard ports for the
are
17, 1885,
IS82-3
1,264,798
shown
annexed statement:
in the
Wheat.
<7om.
Hoar.
Oaf.
Byt.
Pea..
Buth.
752.379
46,193
6,269
... .
58,222
357,211
Biuh.
445.981
20,110
BbU.
125,741
31.882
850
Bttsh.
Buth.
Bufh.
4,364
T>t.Jau.2l.'82.
•January
13
Total w'k. 1,296,458 1,153,528
202,493
4,377
The
551,568
638,785
182.569
1,445
past wdek his developed veiy lit;le change ia the
business situation as far as concarns the dry goods
T.ie
There was a rjry larg« represent ition of who!e.ale
the market, and their operations in certain
summer fabrics were conducted with a fair degree
of liberality, but the general demand by Western and Southern jobbers was somewhat disappointing, and in some instances conspicuously light, compared with the correspondNearly all textile fabrics are exing time in former years.
ceedingly cheap at present quotations, and there is seemingly
a fair prospect for a moderately good demand for consumption, but the majority of distributors are evidently determined
to pursue a consarvative policy for some time to come, although evidences of returning confidence are by no means
lacking. The fact of the matter is that the hand-to-mouth
method of buying lately adopted by jobbers has worked so
remarkably well, that there ia no sound reason for its discontinuanoe, under the existing conditions of supply and demand. The event of the week was a peremptory auction sale
of about 1500 cases satinets which comprised several popular
mikes. The sale was largely attended by wholesale clothing
manufacturers and jobbers, and the bulk of the goods were
disposed of— the average prices obtained having been about
trade.
buyers in
spring and
—
31,521^
10,293
1
MARKET.
74.471
54,566
We
add the
destination of these exports is as below.
last year for comparison:
COTTON
KXCHANQB
corresponding period of
Flour,
Exports
for week
to
Week.
Jan. l"?.
1885.
Week.
Jan. 17.
Satarda;.
Com.
Wheat.
1884.
Week,
Jan. 19.
1885.
—
1885.
1884
ire«fe.
Ifeefc,
Week.
Jan. 17.
Jan
Monday.
Bbla.
160.995
Contin'ut
4,355
15,249
18.329
3,146
116.711
6,452
14.692
9,938
9.607
64^
S.&C.Am
W. Indies
Brit, col's
Otli.c'n'ts
419
202,493
Total.
Bush.
994.348
302,110
Bush.
621,425
441,273
Bush.
839.445
266,568
30,843
14.102
1,004
Bush.
281,485
300,413
41,120
3,892
5.060
1,566
1,309
158.045 1,296.458 1.065.638 1.153.528
633,309
By adding this week's movement to our previous totals we
have the follovring statement of exports this season and last
season:
BxvorttHntt
lS?4-5.
1888-4.
1884-5.
1884-5.
1883-4.
18834.
to- 4ug.
to Aut. 87 to Au^. 85 to Aug. S7to Aug. 85 to Aug. 87 to
Jan. 17.
Jim. IB.
Jan. 17.
Jan. 17,
Jan. 19.
Jan. 19.
%
BbU.
Bblt.
on. Kingdom
Continent .
8. & C.Am...
BlMb.
Buth.
2,434.758
2,350.855
13.156,215
11.903.134
8.463.834
16G.139
13,409.810
6,999.177
2,218,067
868.997
338,096
209,099
35,455
581
BrlUCoFnles
233.918
324,972
354.203
308.046
146
21,538
8,010
Otb. ooantr's
13.792
15,854
18.278
600
490,358
139,619
41,783
59,877
3,439.640
26.fll9.901
18.933.030
,432,838
.
West
Indies.
Total
The
3.'S57.083|
n.319.247
supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, Jan. 17, '85, was as follows:
visible
Wheal,
bush.
In store at-
New York
Do
.
6,871,899
75,567
artoat (est.)
AlbanjBuffalo
400
1.964,000
14,484,243
Newport News...
79,180
Milwaukee
4.215,473
l>uluth
4.783,325
Toledo
2,921,420
Chicago
Corn,
bush.
343,494
303,359
12,000
5.000
1,808,670
Oats,
bush.
308,748
59,000
43,500
9,000
743,134
Barley,
bush.
Ri/e
203,614
120,338
103.000
320,000
151,508
bush
67.178
198,635
4.00J
22.000
123,101
69,630
14,912
152,630
'
62,381
20,713
S,468
\
Wed'day.
Price.
Tom.
Dull.
315
Quiet.
Dull.
315
Dull.
Dull.
Thursday \
Dull.
Dull.
Friday....
....
Price
Sales
....
Quiet.
..
Quiet.
Price
Sales
315
....
Quiet.
Price
Sales
3-15
.315
Price
....
Sales
....
Price
Sales
....
315
Quiet.
Quiet.
]
Total..
OF FCTUBES.
Februnr]j.
Price
Sales
j
....
....
.
....
.
.
....
Price
Sales
Price
Sales
Price
Sales
Marcli.
Price
Sales
....
....
....
....
Price
Sales
Price
sales
....
Price
Sales
....
Price
Sales
....
...
..
....
Price
Sales
....
Price
Sales
....
Prtoe
Seles
...
....
....
...
Total.
....
..
....
....
....
....
Price
Sales
....
....
....
..
Transferable Notices-Saturday. 3-30; Monday, 320
day, 830 Thursday. 320 Friday. S-30.
;
Flour.
Auff. 2S,
January.
Tom.
19.
Tuesday
Bbls
Un.Klng.
.
8AI-B8
1
Futures.
Spot*.
j
1884.
Jan. 19.
452,782
2,378,415 1.733.075
720.460
5,887 257 3.091,741 2.580,311
4.419.625 2.792,100 1,491,001
2,976,059 2,^99, ;92 1,333.782
per cent below agents' not quotations.
Print Cloths. The following shows the course of the
market during the week:
72,250
..
2,413.3511,788.029
THE DRY GOODS TRADE.
S'me time
1884.
42,776.970 0,411,119
42,629.988 5,144.117
31,890.871 11,0)5.810
21.388 312 9,575,707
17.321,895 16.954,628
10.
\1%
425
934
1,911
10,':95
29,610
18,680
21,915
Baliim're
N. Orl'ua.
N. News.
3,179
22,200
23,039
loj.odo
348,841
235,596
Philadel..
21,034
3,'.'00
9.40O
45.U0J
8,400
33,099
02,633
.t.J«n. 17, "85.
T .1.. Jan. 10. '85.
Tot. J.in. 19.'d4.
T.t, Jan.20.'83.
Fkiday, p. M., January 23, 1835.
Jan. 17, 1885, compare as follows for four years:
Total grain
On rail
T
Rj/e
bus^.
531,53 2 135,204 38.099
272,838 44,30J 26,000
ports for the period from Djc.
same
total receipts at the
Outa
I
1.450
News
N»w Orleans...
34, 1884, to
iialUiuore . ..
)WD MlBslSBlppl.
Jan. 17 follow:
At—
Ni'Wi>'t
Kansas City
I)
b»»h.
bniik.
918,920
967,63J
31ii.778
Bart
Oals,
buak.
2,210,^31
1,743,875
four
last
Iiidlauapo'.is
i
—
;
Tuesday, 3-80
;
Wednes-
Domestic Cotton Goods. ^The exports of cotton goods from
this port to foreign markets for the week were 3,333 packages,
including 1,135 to Great Britain, 239 to Brazil, 147 to Venezuela, 127 to Peru, 100 to Marseilles, 95 to Santo Domingo, 95
to Hayti, &c. The demand at first hands was barely up to
expectations, selections having been mostly confined to small
Brown and bleached cotparcels of the various descriptions.
tons continued quiet, but there was a fair business in wide
sheetings, cottonades, cheviots, and denims. White goods
were fairly active, and agents continued to make liberal
deliveries of such makes as India linen, Victoria lawns, naiu
Quilts were more
sooks, &c., in execution of back orders.
Prices
active, and*a fair business was done in table damasks.
of plain and colored cottons remain unchanged, but there is
less tendency to advance quotations than was manifested a
short time ago. Print cloths ruled quiet and steady, extra
64x643 closing at 3%c,, while 66x60 are unchanged at 2^c
Prints were in irregular demand, but fairly active in some
quarters, and a good steady business was done by agents representing popular makes of woven and printed wash fabrics,'
,
THE CHRONICLE.
130
as ginghams, chambrays, seersuckers,
satines, cre-
foulards,
n
B
tonnes, &c.
[Vol. XL.
Bl
811k....
Cotton.
Wool...
any improvement in the general demand for clothing woolens, and the
8'
S
**!!*o
volume of business in this connection was unsatisfactory. •^
3There were more buyers in the market on the look-out for
t\ ;iiiiT
"job lots," but their views as to price were mostly too low to
merit the serious consideration of holders, and few transac- ^1 0»M OitOI-MM
WCD-J#^KI
Choice makes of fancy cassi- w ^yi
tions were therefore reported.
UOO COODCO-JO
meres and worsteds were taken in small parcels, for the to M
<JW
- renewal of assortments, at regular prices, but ordinary makes lO
m COO
^
l^03
auction
ruled very quiet. Satinets were sluggish, owing to the
g§3gg
a COCO
O3Cn*k05tO
00
^h-"
sale alluded to above, and dealings in Kentucky jeans and
and
Flannels
doeskins continued light and unimportant.
lo
CO
WOO ^r .".blankets were slow of sale, but unchanged in price. Tricots
!-» mODCCODCl
o
CDOCOCDCl
Mrf^
wool suitings and sackings were more active, and a fair busi. Oi
<©
ccH-ssyo
ness was done in Jersey cloths and staple and fancy worsted M
O -a to
dress fabrics, while rather more inquiry was extended to
to
oou >-'W0SU»C5
n to^i »oc;iC«cccj«
cloakinge.
little if
!
•
t-*
FoEEiQN Dry Goods.
—The demand
for foreign goods con-
tinued light and irregular, tut there was a somewhat better
bueiness in a few specialties. British dress goods were in
improved demand, but Continental fabrics of the finer grades
plushes and cloakings were
Silks, velvets,
ruled quiet.
lightly dealt in, and prices favored the buyer in some cases.
"White goods were a little more active, and Hamburg embroideries
were distributed in
fair quantities (privately
and through
the auction rooms), but linen goods and laces continued sluggish, and dealings in hosiery and gloves were only moderate,
considering the large force of buyers in the market.
o
OSW
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o:
Cotton
Manofaoture
!
.
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.
:
Flai
£
o
Ucellan
Domestic Woolen Goods— There was
B
i
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Flax...
tii-i
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to
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to
Importations of Dry Goods.
The importations of dry goods at this port for the week
ending Jan. 23, 1885, and since January 1, and the same facts
for the corresponding periods are as follows:
States
Trust Co.
OF X£W YORK,
No. 49 PTALIi STREET.
Surplus,
ThlB compacy 1b a leeal depository for moneys paid
Into court, and Is authorized to act as guardian or
receiver of estutes.
INTEREST ALLOWED ON DEPOSITS,
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.
Executors, adminiBtrators. or trustees of estates,
and females unaccustomed to the transaction of busi.
ess, as well as religious and benevolent Institutions,
will find this company a convenient depository for
JOHN A. STEWART, President.
money.
WILLIAM H. MACY, Vice-President
JAMES 8. CLARK. Second Vlce-Prea't
TRVSTEES:
Dan. H. Arnold, James Low,
8. B.
Thomas Slocomb, W. W.Phelps,
Chittenden,
John U.Rhoades
Anson P. Stokes,
X>. Willis James,
Charlee E. Bill,
Robt. B. Mintum
Wilson G. Hunt, John J. Astor,
John A. Stewart, Geo. H. Warren.
H. Macy,
Bliss,
Gilbert,
S.M.Buckingham
George
Clinton
Daniel D. Lord, H. E. Lawrence, William Libbey.
George T. Adee. Isaac N. Phelps. John C. Brown,
Erastus Corning, Edward Cooper.
Bamael Sloan,
W. Bayard Cutting.
Wm
HENRY L. THORN ELL, Secretary.
LOUIS
G.
HAMPTON.
Assistant
SecreUa
THE
Incorporated Third Mo., 22d, 18B5.
(CflARTBR PERPETUAL.)
CAPITAL
$1,000,000
$14,5§3,444 83.
GRANT ANNUITIES, RE-
INSURE LIVES,
CEIVE MONEY CN DEPOSIT, returnable on demand, or on which interest is allowed, and are empowered bylaw to act as EXECUTORS. ADMINISTRATORS, TRUSTEES. GUARDIANS, ASSIGNEES,
COMMITTEES, RECEIVERS, AGENTS, etc.. lor
performance of which their capital and
Burplus 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
collected and duly remitted.
ttie faithful
SAM'L
SHIPLEY,
President.
T. WISTAR BROWN. Vtee-Presldent.
ASA 8. WING. Vice-President and Actuary.
R.
Metropolitan Trust Co.,
MUlB BuUdlng, 35 Wall
St.,
PAID UP CAPITAL,
New York.
$1,000,000.
Destgnated as a legal Depository by order of 8a-
preme Court. Keceive deposits of money on
Interest,
act as fiscal or transfer a^ent, or trustee for corporations and accept and execute any legal trusts from
trarsons or corporationi on as favorable terms as
otber similar companies.
UILXH0U8E, President.
FRBUKKIC D. TAPPEN. Vice-President
J. BRITTIN, Secretary.
THOMAS
WALTER
MtO
ecu
0-4
ato
QC
OCOOOlO
tF^ODCCOSCO
-|fc3Mll-CO
The Union Trust
|U^
o*-
tCV-^OtOi
fk
C!*
to to
CDU'OS'-'OO
OK
CO
OCD
OL f-CO-^*-
r-*
Capital
Co.,
appointee.
Takes charge of property collects and remits Interest and income promptly, and discharges falth-
Company.
Burglar-Proof Safes and Boxes (having chrome
steel doors) to rent at 15 to $60 per
new and elegant chrome steel.
annum,
Dr. George W. Reily. Hahkisbukg, Pa.; J. Simpson
Africa. Huntingdon Henry S. Eckert, Reading;
Edmund S. Doty. Mifflintown ; W. W. H. Davis.
DOYLESTOWN R. E. Monaghau, WbST CHESTER ;
;
(Jhas.
W.
Cooper,
Co.,
And all Undj
BAGS, "AWNING BTEIPK8.
Also, AKentB
CINITED STATES
EDMUND
TRUSTEES:
OFFICE
CARPETS.
Before buying your Carpets, Linoleum, Oil
Cloths or Mattings, caU at BE1NDAI.1,'S
Carpet Store, 114 Fulton
St., bastment
II not con-
Cheapest place in the city.
venient to call, send for samples.
floor.
BUNTING
A foil sapplT, all Widths and Colors, always
No. 109 Dnane Street.
CO.
In stock
Brown Wood & Kingman
,
BELLING AGENTS FOR
Geo. H. Gli ert Mlg. Co.,
Freeman Mfg. Co.,
Arlington inUla,
Ueul'rew mrg. Co., James FliIUIps, Jr.
Fltclinnrg Worsted Co.,
George VVIiltney, Continental mills,
Lincoln miUs.
BOSTON, 31 Bedford Street.
5 58 & 60 Worth Street, and
vTrnr
NLW vncir
lOKKjgg
^ 37 Thomas street.
The Brooklyn Trust Co. Joy, Lincoln
Whitk Strut,
Joslah O. Low, K. F. Knowlton, H. B. Plerrepont,
Alex. M. White, John T. Martin. Henry K. Sheldon,
A. A. Low,
Wm. C. Kingsley. C. D. Wood.
Alex. McCue,
Fred. Cromwell, Wm. H. Male,
Mlch'lChauncey.John P. Rolfe,
Henry Sanger
Wm. B. Kendall, E W. Corlles,
Ripley Ropes.
Jam. Ross Cubran. Secretary.
of
CANVAS. FELTING DUCK, CAR
COVERING. BAGGING. RAVENS "UCK.SAIL
TWINES, Ac, "ONTARIO" SEA1ILK88
Allentown.
Cor, of Montague & Clinton bU., Brooklyn, N. T,
This Company is authorized by special charter to
act as receiver, trustee, guardian, executor or administrator.
It can act as agent In the sale or management of
real estate, collect interest or dividends, receive
registry and transfer books, or make purchase and
sale of Government and other securities.
Religious and charitable institutions, and persons
anaccustomed to the transaction of business, will
And this Company a safe and convenient depository
Cor money.
RIPLEY HOPES. President.
W. C0RL1B8. Vioe-Pres't.
©avjffs.
COTTON
in their
MAHLON
tOiF^Orvjp^
COTTON SAIL DUCK
Fire and Burglar^Proof Taults,
protected by Improved time locks.
Wills kept in Vaults without charge.
Bonds and Htocks. Plate and all valuables securely
kept, under guarantee, at moderate charges.
Car trusts and other approved securities fur sale.
Money received on depusit at Interest.
JA8. LONG, Pres't. JOHN G. READING, V.-Pres't
9. STOKES, Treasurer & Secretary.
D. R. PATTERSON, Trust Officer.
Directors.— James Long. Alfred S. Gillett, Allison'
White. Dr. Chas. P. Turner, William S. Price, John
T. Monroe, W. J. Nead, Thos. R. Patton, Joftn G.
Heading. Jas. S. Martin, D. Hayes Agnew, M. D.,
Jos. I. Keefe. Robert Patterson, Theodor C. Engel,
Jacob Naylor, Thos. G. Hood, Edward L. Perkins,
Philadelphia: Samuel Riddle. Glen Riddle, Pa.;
boos -•
ODCO-JOO
&
;
ullv the duties of every trust known lo the law.
All trust assets kept separate from those of the
CO
1
Manufacturers and Dealers In
Charter Perpetual.
Acts as Executor, Administrator. Assignee, Receiver, Guardian, Attorney, Agent, Trustee and Committee, alone or in connection with an Individual
03 CO ^1 to CO 99
Brinckerhoff, Turner
11,000,000
500,000
Paid-up CapltaJ
iUCO<100M
^mojcoto
©ommjetjcial
AND 613 CHESTNUT STREET,
PHIIiADBIiPHIA.
A nthorlied
MMWOW
CCCO
•kI
^tmust CiP^mpattljes.
;
Provident Life &Trust Co
OF PHILADELPHIA.
ASSETS
w
*4
611
$2,000,000
3,541,608
Capital,
r»w
cocccc>^c;t
o ccco
»»«>
0Drf^Orf---n
o CO ^ M CO CO CO
to
gicttst ®0tttvawijCB.
United
00
-i
43
&
48
NEW
YORK.
&
IB
Motley,
Chahncbt Stkmt,
BOSTON.
AQKNTB VOB
Ocean ITIllla Co. Atlantic Cotton ITIllla,
PeabodT inills, Chlcopce Mfg. Co.,
EUertonNewMlUs.
AVbite Mfg. Co..
Saratoga Victory Mfg. Co.,
Hosiery and Yarn Mill*.
Fabyan &
Bliss,
Co.,
New York, Boston, Philadelphia,
BELLING AGENTS FOR LEADING BRANDS
BROIVN & BI.EACHED SHIRTINGS
AND SHEETINGS,
PRINTS. DENIMS, TICKS. DUCKS, *«.
Tonrels, ilnUtSjlVblte Goods & Hoderj
DrilU, Sheeting/, Ac, for Export TracJe.
James F. Wenman & Co.,
COTTON BROKERS,
No. 113
PEAFI. STREET,
EatabUshed
(In
N. Y.
Tuntlne BuUdicg) 1840.
,
Januahy
24, lt85
THE CHRONICLE
I
luBUimnce.
IttsttVftttce.
The United
OFFICE OF THE
ATLANTIC
IN
&
2tt8
T. H.
OKO.
The TrusteeB, In conformity to the Charter ol
the Ck)iuiiany, submit the foUowinK Statement
of lt« aOairs on the 3l8t December, 1883:
Premiums on Marine Risks from
1st January, 1883, to 31st De$4,168,953 10
cember, 1883
Premiums on Policies not marked
1,539,232 53
oir Ist January, 1883
Premiums
Premiums marked
olT
$5,708,186 68
from Ist
January, 1883, to 31st Decem$4,260,423 93
ber, 1883
profits
II.
The Company
lias
the following Assets,
United States aLd Btate of
York Stock,
$850,0Hp 76
pany, are Inyited to address
Superintendent of Atfencles. at
City,
INSURANCE
irlll
cease.
the time of
The certiticates to be produced
payment and canceled.
A DIVIDEND OF FORTY PER CENT
at
is
declared on the net earned premiums of the
Company, for the year ending 31st December,
1883, for which certificates will be issued on
and after Tuesday, the Sixth of May next.
By
order of tbe Board,
J.
B. CHAPIOAN,
Secretary.
James Low,
David Lane,
'
Gordon W. Burnham,
Robt. B. Hlnturn,
Charles H. Marshall,
John Elliott,
James G. De Forest,
A. A. Raven,
Charles D. Leverich,
Wm.
W^illiam Bryce,
Sturgls,
Benjamin H. Field,
Joslah O. Low,
William E. Dodge,
Royal Phelps,
C. A. Hand,
John D. Hewlett,
William H. Webb,
William H. Fogg,
Thomas B. Coddington,
Horace K. Thurber,
William Degroot,
Charles P. Burdett,
William H. Maoy.
John L. Rlker,
N. Denton Smith,
George
W. H. H. MOORE, 2d
A. A.
RAVEN. Sd
Vice-President.
Viee-Prealdent.
YORK.
OF
&
Co.,
ORGANIZED APRIL
Special attention glTen to the purchase
Future Contracts.
133
-
-
Liberal advances made on Cotton conslsmmenta
Special attention given to orders for conTracts for
future delivery of Cotton.
EVRE, FARRAR
WARREN EWEN,
COTTON BROKERS,
From Pier (new) 42, North River, foot of Morton St.
Travelers by this line avoid both transit by English
railway and the discomforts of crosslDg the Channel
in a smalt boat.
CA.NADA,de Kersablee
Wed.. Jan. 28,8 P.M.
ST. SI.M(iN, Durand
Wed., Feb. 4, 0A.M.
LABRADOR, I>. dc Hauterlve.Wed., Feb. 11. :! P.M.
Price uf Passage (including wine):— To HavreFirst cabin. ?100 and $80: second cabin, $(iO: steerage, $'^6— including wine, bedding and utensils. Return tickets at very reduced rjites. Checks on Banque
Transatlantique, Havre and Pari.sin amounts to suit.
Havre
YORK.
BEAVER STREET,
DE BEBIAN,
YORK.
!VEnr
BAGGING.
WARREN, JONES
St.
GRATZ
ST. LOUIS, Mo.
Maanf actorers' Agents
for the sale of Jute Bacstnc
IMPORTERS OF
IRON COTTON TIES.
Bullard
119
&
Wheeler,
MAIDEN LANE,
NEW
to Paris.
The Compagnie Generale Transatlantiqne delivers
at Its office In New York special train tickets from
Havre to Paris. Baggage checked through to Paris
without exarainution at Havre, provided passengers
buve the same delivered at the Company's dock In
New York, Pier 4S North River, foot of Morton St.,
at least two hours before the departure of a steamer.
YORK.
B AGOING AND IRON TIES,
(FOR BALING COTTON.)
Agents for the following brands of Jute Bagging,
•Kagle Mlll8.""BrookIyn Clty,""GeorKla,""Caroirna?'
'Nevlns. O," "Union Star,"*'SaIem,'' "Horioon Mills,"
Jersey Mills " and " Dover Mills."
'
IMPORTERS OF IRON TIBS.
ESTABLISHED 1855.
Agent,
No. 6 Bowling Green.
Eug^ene R. Cole,
©0ttOtt.
SrcCESSOH TO SEARS & COLE,
HOPKIXS. LCCItTS HOPKINS SHJTB.
CUARLE8 D. Miller.
Hopkins, Dwight
& Co.
COTTON
PEARL STREET,
Supplies Banks, Bankers, Stock Brokers and Corporations with complete outHts of Account Books
a nd Stationery.
New concerns organising will hare their orders promptly executed.
^^
1
U'lL.L.IAM
STREET,
UIANOVEH SQUARE.)
No
Water.
I'SE
NEW YORK.
0RDIR8 FOR FtTlKE CONTRACTS EjUtC0TKD
New YoitK AND Liverpool.
&
STATIONER AND PRINTER,
No.
COMMISSION MERCHANTS
Geo. Copeland
33 Broad Street,
COTTON BROKERS,
S3
GENERAL TRAl<s!iTLANTIC CO.
Between NEW YORK and HAVRE,
134
&
NEW
Direct Line to France.
No.
Brothers,
WALTER &KROHN,
ONLY
C.
JOHN H. BWBN.
JR.
Ewen
14, 1842.
.^teamsItipB.
GUSTAVCS
CO.,
&.
NORFOLK, VA.
1101,148,248 25
Special Train from
and iale of
Farrar & Jones,
PEARL STREET, NEtV YORK.
Nos. 31
Assets,
NEUr YORK.
No. 61 stone Street,
President.
Rates Lower than other Companies.
Bliss,
JOHN D. JONES, President,
CHARLES DENNIS, Vice-President.
Cotton Brokeri
Co.,
A Co.. New Orlewis.
Cotton Commlgsion Merchants,
LIFE& ENDOWMENT POLICIES
TRUSTEES.
Horace Gray,
Edmund W. Corlies,
Adolph Lemoyne,
&
Edwards
Messrs. Samuel H. Buck
ISSUES ETERT DESCRIPTION OF
LiOUIS
J. D. Jones,
Charles Dennis,
W. H. H. Moore,
Charles H. Ras9eU,
CO.
WINSTON,
BIX PEE CENT [NTERE8T on thp
the issue of 1879 will be redeemed and paid to
the holders thereof, or their legal representatlves, OB and after Tuesday, the Fifth of Feb
mary next, from which date all interest thereon
Messrs. Smith,
>n4
Ijiverpool.
Robert Tannahill
Offloe.
MUTUAL NEWLIFE
P. S.
of
CHICAtiO UOARD OF TRADE.
CORKEHPONDENTS
the
THE
$12,972,312 47
THE OUTSTANDING CERTIFICATES
NEW YORK PRODUCE EXCHANGE
OAFKNEY,
8.
J.
Home
Pnyra'ts to Policy-holders
for Death Claims, Endowments, Annuities, Surrenders and Dividends
«63e,149 IS
tt75,92398
lft»lil888. 1983 4 18m.
Now Insurance Written. ...«S,8«4,211 00 »H,11I,4S8 00
Deo. 81. '82. Dec. 31, '84.
Insurance in force
$17,167,l()800*l»,-«»,8«4 00
Interest due and unpaid on Total Assets, December 31. 18(»1, NONE.
viz.:
outstanding certlfloates of profits will be paid td the holders thereof, or their legal representatives, on
and after Tuesday, the Fifth of February next.
the
1884.
Bank and
Amount
Otnce.
COMPAUISOK or BUSINXBS.
Mew
otherStocks
$3,666,795 00
Loans secured hy Stocks and
otherwise
1,956.500 00
Real Estate and Claims due the
Company, estimated at
425,C00 00
Premium Motes and Bills Recelvaole
1,588,306 79
Cash in Bank
335,710 6
t
Absolute securtty, combined with tbe larsest liberality, assures the popularitv and success of this Co.
All form of Tontine Policies Issued.
GOOD AGENTS, desiring to represent tbe Com-
Losses paid during the same
$1,901,042 38
period
Returns of Premiums and Ezpenaes
K.'tCHANOE. an«
cIufllTelr.
Home
OE.
Also orders for
AND PROVISIONS
CiRAIN
belong to tbe polioy-bolders ez-
NBW
YORK, MVKKI'OOI, AND
LKANS COTTON KXCHANOKH,
ITealdont.
All Policies henceforth Issued are Incontestable
for any cause after three years.
Death ('laliuH pHid lit once as soon aa satisfactory
New York.
St.,
COTTON
COFFEE
attheNKW YORK COFFKK
NEW
at the
BunroHi), ActuHrr.
proofs are received at the
South William
8
lEXECUTB ORDBKiA FOR FUTURB DKLITBRT
C P. Kkaliioh, Seo'j. A. WuEELWKiauT, Au't See.
All the
NEW YORK, JanuMT 24, 1884.
BKOSNAN,
Co.,
COMMISSION MERCHANTS
IHSO.)
Broadway, New York.
&
Henry Hentz
States Life
(ORQANIZRI) IN
Mutual Insurance Co.,
(Totton.
Insurance Co.
THE CITY OF NEW YORK,
2(tl, 8({2
Total Marine
Til
No
Brush.
THE
New York
Ol
Co.,
Moist Letter Copying Book
MANUFACTURED BY
New York Stationery it Envelope Co.,
No. 62
JOHN STREET. NEW YORK.
COTTON BROKERS,
184
PEARI. STREET,
NEW YORK.
F. HofFmann,
COTTON BROKER AND AGENT
38 RI;E de la BOURSE, HAVRE.
JOSEPH CI LLOTTS
STEEL PENS
Solo By ALL DEALERSTHRoucHOurTHe
WO R LD
eOtO MEDAL PARIS EXP0SITION-IB7B^
THE CHRONICLEi
wm
®0tt0tt.
&
Woodward
Waller T. BateK.
Nalh'l W. T. Hatch.
Stillman,
INM AN, S W ANN& Co
COTTON MERCHANTS,
Cash Advances M$tde on Consignments,
BraoiAL Attxntion to orders for Contracts
JOB FUTOBK DmjtSBT OF COTTON.
balances.*
Special attention paid to INVESTMENTS and
York.
aoooonUof
G. E. Staenglen,
NEi;V
NEW
YORK,
196 Broadway, New York City.
Company 1st Day of Jan., 188.5.
CASH CAPITAL
H.000.000 00
Office,
ORLEANS,
Reserve for unearned premiums
Reserve for unpaid losses
Netsurplus
COTTON COMPANY OP STUTTGART.
COMMISSION MERCHANTS, G.
NEW
&
Rountree
VORK.
Co.,
COMIHISSION MERCHANTS,
NO. 12 OLD SLIP,
NSW YORK,
AND NORFOIiK, VA.
^F" Special
attention Riven to the execution of orders for the purchase and sale of Cotton, Grain, and
Provisions for future delivery. Orders also executed
on the New York Petroleum Exchange and Stock
Board. Liberal advances made on consignments.
Fergus Reid.
Theo. H. Price,
Late of Eure, Farrar A Price.
Price,
&
Reid
Co.,
Cotton Brokers & Commission Merchants
NORFOLK, VA.
Liberal advances made on Cotton conslgnmenta.
Special attention given to the sale of cotton to
arrive or In tranglt for both foreign and domestic
Mtfkets. Correspondence aoHclted.
Gwathmey
No. 123
PEARL
&
BT.,
Bloss,
NEW YORK.
Orders for future delivery of Cotton executed In
New York and Liverpool also for Grain and ProTtotons in New York.
;
& Wakefield,
COTTON
Tuttle
And Oeneral Commisgion Merdiantg,
84 Beaver
St.,
New Tork.
Liberal advances made on cotton conBUrnmenta
attention irlven to orden for contraote for
Bpeda
141
PEARL
ST.,
NEUr YORK.
COTTOIV.
dvanoes made on Consignments of
H.
CUSBY
Cotton.
&,
Co.,
WARE & SCHROEDER.
COTTON COMMISSION MERCHANTS.
POST BUILDING,
16
k
18 Exchange Place,
Lehman, Abrah/lu
New
ft
New York
Lehman, Durr &
Co.,
Orleans, La.
LEHMAN BRO'S,
Cotton Factors
AND
coinmissioN iverchants.
No. 40 EXCHANGE PLACE,
UBMBERS OF THE OOTTOX, COFFEE AND
PRODUCE EXCHANGES.
Up-town Office, No.
Church Street,
804
Neir York.
Orders executed at the Cotton Exchanges In New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our correspondents in Liverpool, Messrs. B. Newgass & Co.,
and Messrs. L. Rosenheim
A
CO.,
COTTON BUYEB8,
PEARL
New
ST., 186
New
York.
Orleans, La.
Special Attention Givbn to the Execution
OF
ORDERS POK FUTURE CONTRACTS.
John C. Graham
BANKERS
&
&
AND
COTTON COMMISSION MERCHANTS
No. 18 WlUlam Street, New York.
Buyers of Cotton for a Commission. Orders for Fu
tnre Contracts executed In New York and Liverpool.
Orden
MMBtea
tor Spot Cotton
and rotnrei promptly
H.
jr.
$7,895,090 5$
mARTIN,
WASHBURN,
President.
Secretary.
^ETNA
Company
Insurance
OF HARTFORD.
Aaseta Jannary l, 1884
LlabUltleg for unpaid losses
and re-insuranoe fond
Capital
NET SURPLUS
JAS. A.
1,923,185 96
4,000,000 00
93,269,467 86
St.,
New
ALEXANDER,
North
&
$9,192,643 80
York.
Affent.
British
Mercantile
Co.
Ins.
LONDON AND EDINRVRGH.
United States Board of Manatrement,
NSW
YORK:
Solon Humphreys, Cli'r'n, (E. D. HorKan dt Co,)
David Dows, Esq. (David Dows A Co.)
E. P. Fabbri, Esq. Drexel, Morgan <b Co.)
Hon. 8. B. Chittenden.
Ezra White, Esq.
J J. A8TOB, Esq.
CHAS.
K WHITE,
SAM. P. BLAGDEM
MAfTAOBRa
oaae, 64
WUUam
St.,
Now
York.
B.F.BABCOCK&CO.
32
SAM'L D. BABCOCK,
Nawan Street, New York.
Fellowes & Tiieston,
COTTON, STOCKS, BONDS, See.,
as
Co.,
J.
Co.,
Beeelve consignments of Cotton and other Prodnoe
and execute orden at the Exchanges tn Liverpool
Bepresented In New York at the office of
COTTON BROKEB8,
ISS Pearl Street, Neiv York.
CHAS.
ot
POBOHASlt ONLY ON ORDERS FOR A COMMISSION
Dennis Perkins
Cash Assets, Jan. 1,1885
GRATIER ST.,
COMMISSION MERCHANTS,
No. 5
Bpedal attention Riven to orders forthebuylns
eaa telllnit of Cotton for Future Deliteby.
M
U
Mohr, Hanemann& Co.,
133
00
Reserve for Unearned Premiums
2,847.560 00
Reserve for Unpaid Losses and Claims.
4 -6.798
Netsurplus
1,141,728
No. a Cortlandt
17 \rater Street, I.ITERPOOI.,
COTTON BROKERS,
and 7 WILLIAin STREET.
OFFICE 119 BROADWAY.
CASH CAPITAL
$8,000,000
H. W. HANSMANN.
moNTGoniERir, ala.
Wiiiiam H. Beede&Co.,
OF NEUr YORK.
Sons.
Wm. Hohr.
Company
Insurance
Co.,
Montgomery, Ala.
SELMA, ALA.i MONTGOMERY, ALA.
Centmoto for Future Dellverr of Cotton bought and
014 on oommisaton.
JOHN
home"
Successors to
fotnre delivery of cotton.
Henry M. Taber& Co.,
&
Schroeder
$4,342.430~K
President.
WM. R. CROWELL, Vice-President.
PHILANDER SHAW, Secretary.
WM. CHARTERS, Assistant Secretary.
FRANCIS P. BURKE. Sec'y Local Dept.
Paid-Up Capital, R. M. 6,000,000.
16 and 18 ExcbanKe Place,
287.827 b7
640,991 18
STEPHEN CROWELL,
Authorized Capital, B. U. 20,000,000.
COTTON FACTORS
97
2,.3»0.985
. .
AGENT FOR
COTTON BUYERS,
Post Buiu>inq,
COUNTRY BANKERS.
statement of
nEinPHIS, TBNN.
& Gwynn,
S^^;iUi'Xi,'k^yi.
Phenix Insurance Co.
OF RROOKLYN,
von Gundell & Mayhofl,
COTTON BROKERS,
Fielding
Sons,
BANKERS,
14 NASSAU STREET, NEW YORK.
—with Interest upon
New
CHARLES MATHOFF.
2*4 STONE STREET, NEW YORK.
TON GUNDELiTa: MAYHOFF
W. T. Hatch &
Personal attention given at the EXCHANGES to
the purchase and sale of STOCKS and BONDS for
caah or on margin.
DEPOSITS RECEIVED— subject to check at sight
COTTON, ALL GRADES, SUITABLE TO WANTS
OF SPINNERS,
Offered on Tekhs to Suit.
Mob.
Benry P. Hatch
Arthur M. HcOah.
BaANOH OFFioEsfilg
LOANS HAOK ON ACCEPTABLE SECURITIES.
A. C. ton OC7NDBLL.
24, 1885.
®0tt0tl.
MERCHANTS,
Building, 16 & 18 Exchange Place
NBW YORK.
Post
[January
Orders in
WILLIAM STREET, NEW YORK.
"
Futures" executed at N. Y. Cotton Exoh.
Waldron
&
(Ot LONDOS^
ALFRED
Tainter,
COTTON HERCHANTS,
•T PEARI.
G omfnercial
Union Ins. Ga
STREET.
PELL,
Setidmt Kanaatr.
Cor. Pine
& William Sti
@FedFRASER