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HUNT'S MERCHANTS' MAGAZINE,
eOIPRESENnNG THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNrTED STATEa
VOL
NEW
42.
YORK, JANUARY
^iuatucial.
30,
NO.
1886.
I'tuaw-cial.
financial.
AMERICAN
DIAMONDS.
78 TO 86 TRINITY PLACE,
NEW YORK.
Bnfttneas Founded 1795.
tMMpantcd uader laws of 8tat« of New Yott,
KrarcBnIzed 1879.
Engravers asd Printers of
& MilJiken,
Fanshawe
Bank Note Company,
&
Alfred H. Smith
1,075.
BANKERS AND BROKERS,
Co.,
No. 43
NEW
STREET.
IMPORTERS,
18S8.
182 Broadway, Cor. John Street
BONDS, POSTAGE & REVENUE STAMPS,
LEGAL TENDER AND NATIONAL BANK
NOTES of the UNITED STATES; and for
Stocks and Bonds Bought for Cash 9
on Margin.
Foraign Covernments.
ENGRAVING AND PRINTING,
BANK NOTES, SHARE CEKTIFICATES, BONDS
rOK COVKU.NMENTS ANU COKl'OKATIONS,
'
DRAFTS, CHECKS, BILLS OP EXCHANOE,
TAJIPS, Ar., In the llne«l and moat artlatlo Mjrle
FROM STEEL PLATES,
sAKKnrAKDs
mtii SPECIAL
lit
rucvKVT coraTKRFiirnNa,
hp««lal |>«|H>nt iituiurielurt>^ <>xrliulvrlf for
asfl
or (be Conipnnj.
SAFETY COLORS.
Work Exefuted
CERTIFICATES OF THE
Co., American Cotton Oil Trust
SIL.TERS1HITHS,
BOUGHT AND SOLD.
WUJLlAm O. ALLISON.
BROADWAY AND NINETEENTH ST.
GORHAM MTg
SAFETY PAPERS.
tn Fireproof
AND
BuUdlnsa,
WILLIAM
72
IIAIDEM LANE.
9
ST., N. Y.
UTHOeitAPHIC ANO TYPE PKINTINO.
KAILWAV TICKETS OF IMPK«^ ED 8TTXE8.
tehow
Lubels, Calendars.
CitrtlB,
BLANK BOOKS OF EVERY DESCRIPTION.
ALBERT G. GOODALL, President.
VICE-rRESiriENTS
MACDONOUGH,
J.
SHEPARD.
TOURO ROBERTSON.
STAYNER,
Treas.
T HEO. H. FRE E UND. Secty.
ASA
Potter,
P.
Bros.
BANKERS.
A. 0.
W. M. SMILLIE.
•. H.
Pre»'t.
J.
W. Work,
Cashier*
Maverick National Bank,
niLWACKEE,
others solicited.
Refer to—
;
erlck National, Boston.
L.
&
Robison,
BANKERS AND BROKERS,
Wo. 2 Exchanee Court,
New
York.
Bonds and U. S. Government Secnrlties
Bought and Sold on Commission.
W«. C. KLOTIKIOVBS,
WII.UA.H ROBISON
Members New York Stock Exchange.
Stocks,
Andrews. Adams
78
Oor. Tblrd
Wauton
a TijJKKR,
NO. 80 NASSAU 8TRBBT,
N EW YORK.
Walsh
•to*
No. 26
James w. Walsh, Jr..
Nicoll Flotd, Jb
Member N. Y. Stock Exchange.
York.
N. Y., No. 17 FIRST STREET.
Bicta'c* mam««r»blp; private wtrei all f aolUttet
J.
J.
P.
86 Pine
Wintringham,
Street,
-
-
•
-
New York.
(Telephone-882 John.)
GAS, INSCRAXOK, BANK, CITY RR.
TRUST
A
CO. aud
FERKY
STOCKS.
weekly list of lots of these securities offering on
the market published .Mondays with pnces.
Copies on appllcutioii.
Orders solloited to buy or sell on the Exohangae, or
at the weekly Aaotlon itelae.
&
H. Latham
Co.,
UNITED BANK BUILDING,
WALL STREET,
NEWT YORK.
City, Coonty, State, Railroad, District of
Bonds and Foreign Exchange.
Columbia
Correspondence Solicited.
Henry
S. Ives
&
Co.,
BANKERS,
No. 35
NASSAU
BBOWH.
BANKERS,
.Member N. T. Stock Eioh.
STOCK BROKER.
Lansdale Boardman,
HBW YORK, 80 BROADWAY & 5 NEW ST.
TROY,
P.
& Floyd,
STOCK BROKERS,
WESTON,
BROAD STREET, NEW YORK.
EXCHANGE COURT,
New
HyvBT
HlRBXBT
Frkd. a. Brown.
& Kelloorff, Walston H. Brown & Bros
BANKERa AND BROKERS,
3
H. Brown.
New York.
John Howard Latham. Frkdbrice w. Pxbbt
P. O.
arembers N ew York Stock Exchange.
Wo.
Sts.,
Sc.
Janney,
BANKERS,
35 Naaaan St.,
Receive deposits aud consignments of Bullion.
Deal in InvesLment Securities and Foreign Kichange and invitdcorrespundence.
Particular attention given to information regarding
Investment Securities.
Investment Securities.
Private wlreto New Tork.BaltlmoreandotherpIaces
on .Margin.
Correspondence Solicited
&
N08. 23
No. 2
and Chestnnt
In Pnliadelphia and other cities.
Particular attention Riven to Information regarding
Bank nf London.
Stocks and Bonds for Investment or
TINKER
Co.,
DepoBltB received subject to check at slffht, and
Interest allowed un dally balances.
Stocks, Bonds, Ac. bought and sold on commission
BUIa of KxetaaoKe and Cable Transfers on the Union
5
&
&
Chrystie
PHILADELPHIA.
BANKERS AND BROKERS.
80 Broadwar, New York.
Bell
and Philadelphia Stock HUchaoges.
BANKERS
8. 'W.
*
Buy and
Y.
H. Taylor
Government Bonds bouxbt and sold
Floyd-Jones
uns.
In any part of the conntry
Accounts of Banks, Merchants and
Merchants' National Bank and Bank of North America, New York
Merchants' National, Chicago; Mav-
CAPITAL, -•..... 9400,000
8DHPLUS, -400,000
AooonnU of Banks and Bankers so'tclteil.
Collections made upon favorable tenzuL
Co.,
COLLECTIONS made
at lowest rates.
Members N.
BOSTON.
&
Houghton
:
ST.,
BOX
NE1¥ YORK.
1.422.
Transact a general bankinjc business, including tb«
porcbase and sale of securities listed at the New
York Stock Exchange, or in the open market.
Receive deposits subject to check at sight and
allow interest on datlj balances.
Oovernment, State, County, City and Railroad
bonds constantly un hand for sale or exchange, and
particular attention given to the subject of invest
ments for institutions and trust funds.
Wm. V. Carolin.
Member N. 7.
chablks
f.
Cox
Stock Exchange.
Carolin
&
Cox,
Bankers & Oommlaalon Stoek Broker*
No. S5 BROADWAY,
Branch Office, 3 S Madison Av., cor. «9d St., New York
Deposlta received subject to oheoa at sight, an]
interest allowed on dally balanoea. All Stocks anit
Securities dealt In at the New York Stock UxohanM
bought and sold on Commission, for Cash r,r apon
1
Margin.
^_^^_^-^-.^_^^^-^^_^___^
R. T. Wilson
&
Co.,
BANKERS AND COMMISSION MERCHANTS
2 Bxcbanse Ooart, Nevr York.
ma
ii
'govtisn %%ctmuQt,
'
&
Morgan
Drexel,
||f0t;jeifltt
Haussmann,
PARIS.
FOBEION BANKERS.
PBIIiADELPHIA
DOMESTIC
A.Vfl
Securities
Deposits recelTBd subject to Draft.
on
hoUKht and sold on commission. Interest a lowed
Credits.
Deposiis. Foreign Exchange. Commercial
Circular Letters for Travelers,
CaWe Transfers.
available in all parts of the world.
Brown
&
Brothers
NEW lOBK.
Phlla.
Boston.
AND
AI.EXANDER BROITIV & SONS
"
W. A. de
B.
Sell Bills of Exchange
IRELAND, FRANCE
ON ORBAT BRITAIN ANDHOLLAND,
8WITZOKKMANY, BELGIUM,
BRLA.n'd, NORWAV. DENMARK,
SWEDEN AND AUSTRALIA.
Oonunerclal Sc Travelera' Credits
JJV STEBLISO,
RECOLLECTION!? OF DKAFTS drawn
MA
abroad on all points In United States iind Canada,
In the b ulted States on
foreign countries
»nd their London house. Messrs. UKOWN, SHIPLEY
banlis, llrms
A CO., receive accounts of American
and Individuals, upon favorable terms.
and of drafts drawn
&
&
Stuart
y.
Bills of
No. 33
Co.,
'NASSAU STREET.
BILLS OF EXCHANGE ON
33
Cor.
FOREIOIV BAIWKERS.
BUT AND DRAW BILLS OF BXCHANGB,
MAKE CABLE TRANSFERS, ISSUE TRAVEL.
BANKERS,
BROAD STREET
COMMERCIAL CREDITS, AVAILABLE
ALL PARTS OF THE WORLD, ON
ISSUE
IN
Hambro &
Messrs. C. J.
gattkcrB and %xa}^&x&,
yew York.
Transfers ol
&
John Paton
Co.,
Securities. Collections made and loans nngotiated.
Dividt-nds and interest collected.
Deposits received subject to Diaft.
Interest allowed, investment securities a specialty.
Issue a (""inancial Report weekly.
We
Brancb
Office, 330 Broadway,
Connected by Private Wire.
SUCCESSORS TO
JESUP, PATOSf & CO.,
New York.
53 TrUllam Street,
Accounts and Anency of Banks, Corporations,
and individuals received upon favorable terms.
Dividends and Interest collected and remitted.
Act as agents for corporations in paying coupons
and dividends; also as transfer agents.
Bonds, stoCKs and securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Tranifers bouKht and
Jos. C.
Frank
DRAW ON
K.
!
Dickinson,
SCOTLAND.
&
Co.,
BANKERS
Buy and
EDINBURGH AND BRANCHES:
ALSO,
CABLE TRANSFERS AND LETTERS OF CREDIT.
sell
H. B. H0LLIN8. F. A. YzNAOA.
Co.,
No. 32 Nassau Street, Neir Yoik.
No. 4 Post Office Square, Boston.
Issue Circular Letters of Credit forTnive.
.abroad against Cash or Satisfactor}
Guarauty ol Re-payment,
ra'
Use
EzchanKe on London, Paris, Berlin
and Znrlcli.
CBSDITS OPENED AND PAYMENTS
MADE BY CABI.K.
Bouse— 3IUMROE & CO.
Paris
J.
63
&
BANKEKS.
Inland Drafts.
)
BANKERS,
STREET, NETF YORK
International
Bank of London
(Limited),
UOTTlNUtER
Commerct and
1
Bills of
Exchange.
Chas.
& Co.
&
Co.,
Co.,
Members New York Stock Exchnnge.
BARING BROS. & CO., London
COmmTERCIAL CREDITS,
Circular Credits for Travelers.
St. and 63 Greene St., N. Y.
Buy and sell on commission, lor investment or on
maruin, all securltieB dealt In at the New York Stock
Exchange.
Cable Transfers and Rills of Exchanob on
OnEAT Britain ahd the Continent.
STKHI.INU LOA.VS A SPECIALTY.
CAPrrAi,
J.
»6,ooo,ooo.
Surplus,
t2,ioo,ooo.
KOUNTZE BROTHERS,
GOADBV & B. E. WALKEB,
JOI T AGENTS,
EXCHANGE PLACE, NEIF YORK
H.
6
BUY AND SELL STERLING EXCHANGE, CABLE
TKANSKKKS, ETC.
ISSUE roMMERfl \l, CRKOITS. AVAILABLE
IN ALL PARTS OF THE WORLD.
BANKERS,
120
Broadwat, Equitable
Building, New
&
A. Kohn
J.
Cu.
Co.,
BANKERS AND BROKERS,
19 Broad St., N. Y., mills BuIIdlDK,
Transact a General Banking BnsiuesB
Foreign Exchange, Bonds, Stocks and Miscella
aeous Securities bought and sold on commission.
JDLIC8 A. Kohn, David ochs. Mobitz ochs,
Memb. N. Y. Stock Ei
viemb. N.Y. Stock Exch.
&
Hamilton
Bishop,
NEW YORK
BANKERS ANn BROKKR8,
PINE STHBET,
No. 36
(Members New York Slock
ExehiiriKe.)
Accounts of Banks, Bankers and otiiers recelred
Interest allowed un balances. A strictly Commtssloi
tiusiness in the purchawe and sale of stocks and bonds
I*rivate Telegraph Wire to Albany, Troy, syracoie.
Rochester, Ltica, Buffalo, Cleveland and (.:hicaKO<
I>raw on City Banli of London In amounts to svltj
Special attention triven to Securities for In vestmcDt,
jj
Fred. H. Smith,
BANKER & BROKER,
No. 20 BROAD ST., NEW YORK.
years' experience in Railrcad Bonds.
buy or
sell
Uncurreut Bonds
Pai
wi
York
LETTERS OF CREDIT AND
CIRCULAR NOTH.!*
Issued for thL- use of iraveleis in all parts of the
world. Bills drawn on the Union Bank of London.
Telegraphic transfers made to London and to various
places in the United States. Deposits received subject to che>-k at sight, and Interest allowed on balances. Government and other bonds and investment
securities bought and sold on oommlsslon.
bought in P>actional Lots or otherwls*
n Margin
H. SMITH, (Members Consolidated Stock an
Barcbanife. New York.
Petroleum
W. Smith. S
StLicks
either for Cash or
F.
8.
Messrs.
Canadian Bank of Commerce.
Connected by private wire with E. W.Clark &
and HiU & Kennedy. Philadelphia.
Twpnty
DIAI.EK8 IN FOKEION EXCHANGE, OOVEHNMENT
AND OTHER INVESTMENT HONDS.
64 Wall
BROADWAY.
74
please communicate.
118 Devonsliire Street, Boston.
York Stock Exchange.
Co.,
BANKBR3 AND BROKERS.
ties desiring to
ATTORNEYS AND AGENTS OF
BANKERS AND BROKEBS,
Members
New
of the
1
&
FOREIGN BANKERS,
Nassau Street, New York,
Travelers' Credits.
Cable Transfers.
Unger
Jk CO.,
Kidder, Peabody
London.
Mamburir,
Messrs. Marcnard, Krauss Sc Co., Paris
Exchange on
MELVILLE, EVANS & CO., jtiO^UON.
, n^.n,,«
C. J. HAMIllt<» Ai, SON,
niAKCUARI), KKAI'SS Sc CO.,!p.KTH
jrAKlS.
39 TVIIililAm
raessrs. Jolin Berenber;;, Uossler
Co.,
Act as Agents for Banks, Bankers and Railroad
Companies.
Issue commercial credits, also foreign and domestic
travelers' letters of credit In pounds sterling & dollars.
OflTer Investment Securities.
Buy and sell bonds, stocks and securities In all American, Canadian, British and Dutch markets on commls.slon. Collect dividends, coupons and foreign and
Ruckgaber,
COKHESPONDEXTS OP THE
&
WILLIAM STREET,
Sell Bills of
Schulz
Y. Slock Exch'ge
Kennedy Tod
No.
&
B. Hollins
priTate wire.
Yore.
Member N.
Frank C.HoLLiire
Branch 0£Bce, B Vanderbilt Ave., connected bj
bills of exchange, letters of credit,
telegraphic transfers of money
ON niEXICO, CDBA, &c., &0.
Alexander Barinq.
J. Kennedy Tod.
H. O. NoRTHCOTE.
&
Whitely,
NEW
on commission all classes of Railrosd
iecuritleswilso Grain and Provisions.
Private Telegraph wires to Philadelphia, WllmlDfton, Baltimore, Washington, Bridgeport, New HkT«n,'i
Boston and Pittsburtz.
^j
H.
34 Exchange Place,
New
SCOTLiAND,
John Munroe
&
33
&
Prince
YORK.
No. 84 BBOAD\rAY,
1**" f"'""! *''«•' New York.
RRANrw CmrjLH
BRANCH
OFFICES 53^
jj^^ gj Washington, D. C.
AND
GOIOPANir,
H. CRCOSB OAKLIT,
MATNAHD C. EYRI.
HKNKT H. Dodge, Washington, D. C.
Wm. R. Travxrs, Special Partner.
!
j
THE UNION BANK OF LONDON
BRITISH LINEN CO. BANK, LONDON AND
IN LONDON!
of the New York
Stock Exchange.
Members
S
JAUE8 WBITELT,
firms
sold.
Walcott,
••
BANK OF
Co.,
stocks and Bonds bought and sold on Commission,
Orders received in Mining stocks, and in Unlisted
Exchange and make Telegraphic
Money on Europe and California.
Bills of
J.
nANCHESTER & COUNTT BANK, COMMISSION MERCHANTS,
LIMITED,"
NATIONAI.
&
C. Walcott
Payable in any part of Europe, Asia, Africa, Ausand America.
_, ,
..
,.,
1
Maitland, Phelps
BELFAST, IRELAND!
AND ON THE
Son, London.
BANKERS AND BROKERS,
No. 34 Pine Street, New York.
Transact a General Banking Business.
BANKERS, LONDON
ULSTER BANKING
Co.,
Issue letters of Credit for Travelers,
On SELIGMAN BROTHERS. London.
SELIGMAN FHEKBS & ClE, Paris
SELIGMAN & .-TE THEIMER, Hrankfurt.
ALSBERG GOLDBERG, Amsterdam.
ALTAIAN & STKTTUlEilEH, Berlin,
SniTH, PAYNE & SMITH'S,
MANCHESTER, PAYABLE
&
BBS' CREDITS.
Exchange on, and make Cable Trans-
& W. Seligman & Co.,
J.
ue In
.Hake Telegraphic Transfers of Ifloney
Uettveeu tblsOouutry and Europe.
Frank-
fers to, England, t'ranoe and Germany^
aue
Available In any part of the world, in FRANCS for
Martinique and Guadalnupe, and In dollarsfor
Dse in this and adj.icent countries.
Ickelheimer
30
M. deRothachild, Emi., Vienna.
AND THEIR COBBE8PONDENT8.
Draw
ll^aecfeanfle.
TTILLIAM STREET,
Exchange Place,
NEW YORK,
Street.
Koihoclilld <t Sons,
XLll.
Co., Heidelbach,
fort OMII.
Draw
Buy and
J
&
available In all
parts of the World, through
London.
SlonB,
<Sb
RotliHchild
Measrs. N. M.
"
.'
de Bolhschild Itros,, Paris.
tralia
BALTIMORE.
^ovjeigti
ISSUE TRAVELERS' CREDITS,
ATTORNKT8 AND AGENTS OF
messrs. i. S. BIOBGAN & CO.,
Ho. 22 OLD BROAD STREET, LONDON.
Co.,
BANKERS,
& 21 Nassau
Nos. 19
[Vou
HxcttawBC.
Co., August Belmont
WALL BTEEET, CORNER OF BROAD,
NEtr ITORK.
Drexel & Co., "^rexel.Harjes & Co
Oor. of fitb & Chestnut Sts. 31 Boulevard
CHKOJNIOLE
.
Simon Borg
No. 17
NASSAU
DEALERS
ST.,
&
Co.,
NKTT ITOUK
IN AIJj KINDS OF
Railroad and Inrestment Secnritlet
BOCTHERN 8ECUBIT1B8 A 8PECIALTT.
Rolston
&
Bass,
BROAD STREET, NEW YORK.
STOCKS, BONDS
AND mSCELLANEOVS SKCrBITIE
No. 20
Correspondence Solicited.
(Quotations cheerfully furnliM
Wm. H. ROL8TON.
Member N.
W. ALKX.
Y. Stock Exch'ge.
MsmharCtaloaco Stock b'zoa'a*.
BAM
Jr.'
JaotabY
THE CHRONICLE
1888.]
80.
^VLVLktxa
BaulictTB VLUA fBroUerB.
&
Taintor
Geo. K.
Holt,
BANKKK8.
No. 3
WALL STHKET, NEW YORK.
n GKNKKAL BANKING blislnesi.
DKI'OSITS recelvod und INTBKKST allowed on
Rut mid
UAII.HUAD
S'OllrUles.
U.
ProrldeRoeand Boston.
Buy and
&
H. Dewing
sell
on Commission, for cash or on margin,
tne New York Utock Kx-
allowed on dally balances.
All deposits subje<:t to c^tvck at sight.
Part icular at tent lim lo oiile m by mall or telegram.
&
Wood, Huestis
WOOD &
Htocks Hnd Kond.s BouKht and Sold on Commission
Accauntti received and Interest allonodonbalanoeB
aud
boutfbt
'
Debentures
LONDON,
of
6%
ORESHAin HOCSE,
New York
St.,
&
Gilman, Son
Co.,
M
DAVIS.
Bzeonte orders In all securities listed at tbe New
York Stock Bxchantte. Kor Sale
FiHi<T.<;i.ASS Kailuoad Fihst Mortoaob Bonds.
uBORai: C.WOOD, c. u. uuestis. l. m. swan.
:
UMIL HBINEliA
F. B. BLAKE.
BLAKE BROTHBIRS A
CEDAR STREET.
No. 63
AND
Dealer In Miscellaneous Secnrities,
MILLS BaiLDINO (3d Floor.)
Rooms 88 * 88.
3.1 WALL STttEKT.
STATE AND CITY BONDS OF GEORGIA. ALSO
SECURITIES OV TUB CENTRAL RK. & liAJSKINO CO. OF GEORGIA A SPECIALTY.
In addition to a General Banking Businesa. Buy
Sell QoTernment Bonds and Inrestment Securi-
R.
&
John H. Davis
Co.,
BANKERS AND BROKERS.
ConinilKHlon Buslneas in
utrli'tlf
ST4M;K!!>, «UMU»i and bUAIN,
With Private Wires to CHICAGO. BALTIMOKK,
PUII.AUtfl.I'MIA and laleruiedlate PutnU.
WALL
No. IT
ST.,
NEW
YORK..
Robertson,
BOXD AND STOCK BROKER,
Dealer in Inrestment Secarities,
No. 7 Nassau STREEr.
(Continental National Bank Building),
New York.
at 62
&
Turner,
J.
Membership
In
the N.T. Stock Exchange.
BANKER ANB BROKER,
A
BROAD
18
NEW YORK.
ST.,
Transacts a general Banking business, iDcIuding the
purchase and sale of stocks and bonds for cash or oo
&
LONDON.
Solicit accounts and agencies of Banks, Railwsyi
Corporations, Firms and Individuals upon
favorable terms; also orders for the purchase and sale of Bonds, Shares, Ac, Sec. on
tbe Stock Exchange.
Interest allowed on Deposits, subject to dO-days
Bank of England rate, and
one-percent below that rate subject to
sight drafts, at
demand drafts.
Negotiate Railway. State and City Loans,
Chew,
STOCK BROKERS,
THE
.
No.
16
ISW^ALL STREET,
New
York.
..Transact a General Bankinii Business, IncIndlnK
the purchase and sale or STOCKS aud BONDS for
caan or on martfin.
Buy and
Investment Securities.
BOX 2.(M7.
Sell
P. O.
A.
M. KLDDEB. WAVLA.Sn Tkask. H.
W.
J.
BWIHLT ORiw.
A
18 Broad Street,
&
Asiel
Co.,
BANKERS AND BROKERS,
B.
No. 51 EXCIIANOE PLACE.
A8IBL L. S. FRANKE.VIIEDtER, M. SELIOMANN
Members N. Y. Stock Exchange.
W. H. Goadby&
Bntncb
llffiie. -.M
1
m^nrifa'i ?,> n"i,
!^t..
CALDWELL,,
Co.,
AND SALE
.'^i","'*^'^'^
p. O.
Box
Rgrn icN
,
447.
C.
W.
WASHBURN
3
WALL STREET.
Transact a general Banking Bnslness. Including the
Purchase and gale of all S<curltles dealt In at the
MCI.KIJ.AN.
I.ELAX11.
New York
ExcUmige
Interest allowed on deposits subject to sight draft
f>took
Caldwbll.
Lansing C. Washburn.
OOCOLASS GRCCS.
Uemb. N. y. Cotton Exch.
BANKEK8,
UNITED BANK BUILDING,
Wall
Street, corner
Broadway.
OO.UMEIWHL PIHER.
al^tS'i'v^rv 'iV"''? 'S>«,'>t and sold on commission
'i'":l"»nKe.
Advances
^tZJ^L.'"""}
ewloeas
papor and other securities.
made on
^^
Loans on tbe London Market, acts as Agent for
ter of
payments of Interest on Loans, Dividends on
A,
BANKERS AND BROKERS,
Ot'
C. B.
,t
Loans of approved Railways, negotiates and
Issues
Cable Address -Patt,
CHAS. J. TOWNBEND. Member N. Y. Stock Kxohanip
STOCKS, BO.VUH
This Company undertakes tbe business of Trustee
to
or Registration of Stocks In London, or otherwise.
TOWNSEND,
C'liicaKO,
BA.VKl.Vi BUSINESS,
No.
„
.
„
O. A.
BOODT.
Capital Paid Cp, je97l9860 Sterling.
New York.
l.a Snile
BANK BV1I.DIN6S
LONDON, ENGLAND.
!<,
cor. Excbnnire I'lnce, N. Y.
n5A'??,^^^^'.^'^.^'?!«'*''
No. 4
BROAD STREET,
No. 34
8 Hrondway,
(LIMITED),
Railways and other Corporations, either In the mat-
BANKEB8 AND BROKERS,
BA N K EK
Railway Share Trust Co.
New York.
(Next door to the Stock Kxcbar.Ke.)
MemberB of the N. Y. stock and Produce Kxeb'nges,
Deposits received, subject to check, interest allowed thereon, StdCks, bonds. Rraln. provisions and
petndeuni boujjht and sold on commission for cash
Direct teletn^phio communication
or on marKln.
with tbe Chicago Board of Trade.
Morsk.
UILL.
C.
Boimbt and Sold on Commission.
Ja8. D. Simons,
Member N. Y. dtock Exchange.
Thompson & Richard,
BANKERS,
C^ Co.
BANKERS,
Co.,
62 Gresliam Uonse, E. C,
mamtn.
Simons
&
Heinemann
2 ExclimnKe Courts 62 Broadwa7,N«T\
rttooks. Bonds and D
Oorernment Beoonuet
Jo.JlOo.fG^'^.
B. C.
WAITER DABNEY HEINBMANN.
Co.,
New
C.
16
CO.,
GRESHAM HOUSE,
(Established In 1665.)
BANKERS AND BROKERS,
L.
J.
HEINEIHANN &
We
(16 Fears'
January, 1888.
dated 3ist Dec. 1885, announcing the termination of
that firm by effluxion of time, we beg to notify you
that we have formed a copartnership to carry on
a general Banking business under the style of
18 Broad Street,
Tork.
have pubHshed a new pocket edition of our
annual "List of Stocks and Bonds attne New York
Stock Uxcbanee.'* Sunt free on application. Both of
ourdrmareMEMBKUtiof theN.V. STOCK Uxcuanoe.
RoBHUT J. Kimball.
Alfred B. LotiNaBEar.
Noa. 16
1st
EMIL HKINEMANN.
&
Kimball
J.
ties.
Do a
LONDON.
"OEFBRRING to TlIK CIRCULAR OF MESSRS
^^ BLAKE BROTHERS ic CO.,
Investors wishing to buy <r sell are Invited to call
Prompt and personal attention given
and
CO..
Of Boston and New York.
or correspond.
to ail orders.
BANKERS,
E. C.
baa this day terminated by effluxion of time.
EMIL UElNBMANNand Mr. F. B. BLAKB alOO*
are authorised to sign the firm's name In llqulda
and to settle all outstanding businesa.
A. Dutenhofer,
Broadway & 19 New
CO.,
ic
heretofore carried on by us at
BROKER
84
Slat December, 1886.
BL.IKE BROTHERS
sold.
Stewart Brown's Sons,
STOCK BROKERS,
yanfcers.
BBO TO OIVB NOTICH THAT OUB
Arm
"^
BANKERS AND BROKERS.
New York.
&
TyB
Co.,
NEW YORK.
PINE STREET.
31
Son,
irtak-h lUHV bu ctiiH^ked fur ut aiiilit.
per cent
Trust Co.
Iowa Lotkti
jifgtretfltt
Interu.1t
HUOCESSORS TO
No, 18 Wull Street,
No. 1 1 WALL CT.,)
"lew York.
PRIVATB WIKB TO BOSTON.
(Uortlraer nutlillng.)
necui'lilea dealt In at
cbanuo.
O. D. L'UCUJBIl.
HIBAU Dkwino. Ci.abk Dkwino. F. T. Bontbcoc
(Moiubvr uf Now Vurk Stuck ExchaoKO.)
Co.,
FIRST-CL,ASS INVESTMENTS.
GEO. U. UOLT.
TAINTOH.
JS.
&
BAMiCEBS AND BROKERfl.
York.
all
S*rlvtit«toltiKrnpb wlreito
Howard Lapsley
IlEAI,BU« IN
OOVBUINMBMT, MUNICIPAL and
B«ll
Sons,
Sistare's
10 ac 18 Broad Street, New York,
131 South Third Street, IMiiladeiphia.
Counoctud by Prlvalo Wire wild main oIJIlm, Now
TKAN8A0T
twiniicus.
Sattlwrs nu& gwlvera.
attfl ||t;o1ievs.
W. W.
A.B.BATIHAN.
Vamb.N.V. Stock
DirDLkT.
Kxoii.
GREEN
&. BATEltlAN,
HANKKUS AND
BROKKRS,
STOCKS, COTTON. GKAl.V, FOItllQN BXCUANOE,
New
Corner Wall and
Streets.
PtlvaU WIrea to Washington. D. r Haitlmore, Boston. Philadelphia and (^easo.
Lokdon.
TB
Angl o-Californian Bank
(LIMITKD).
LONDON,
Head
Offloe,
3 Angel Conn.
SAN Fit A NO IStlOOHioe. 422 California Bt.
NEIV %'OKK Agenta. J. A W. Sellgman A Co.
BOSTON Correspanii'ta, Mafi8aoliusett« N.
Anthorlaed Capital. Pal4-up Capital, - •
Reserve Fund, - • •
Bk
$6,000,000
- 1,500.000
•
400,000
-
Transact a general banking buslnssa. Issue Commardal credits and Billsof Kxohange. available Id a'l
D.rta of the world. Clioctions and ordnrs for Bonds.
Stocks, etc.. eie''"' e<1 np'^r tl"** "^nst f.vt.-ahle tarm.
.
P.N.
FRED'K F. LOW,
•""«•'••
lONATZ 8TKINHAKT.1lv»»»~..
LILIKNTHAL. OssblW.
THE CHRONICLE.
ir
^p6cinl
l^ct&iQU %nnhtvs.
[Vol. XLll.
'guxm pt0vt0a0cs.
Itttrjestmjettts.
Investment Securities
De Twentsche
BOUGHT AND
Bankvereeniging,
7
DFANTED:
Scrip.
filliabeth City New
W. BLIJDENSTEIN & CO.,
SRome Watertown A Ogdensborg lata and ilda.
Oawego A Borne Istg.
AfflSTEBDAin, ... - BOI^LAND.
Bonds and
<
Scioto Valley First Mortgage Bonda.
Southern Securities.
1861.
AI.BERT
Capital folly paid up.7,203.985 Guilders ($2,881,570—)
(»36S,237-)
913.082.82« "
UeserreFund
bbjld office,
Ain:sTEBDji.in.
BBAJfOHES:
Iiondon—B. W. BLUDUNSTEFN &
No. 55
BoUerdam—DE
&
t,6
CO.,
Threadneedle
St.,
E.
C
AUD
SOS
mONTAGVE
Bank of
4
£1,000,000
770,000
Hong Kong &
DENVER,
BANKERS.
&
Toledo
Ohio Central
-
COLORADO.
-
TUE WESTERN
DEAI.T
Geo. H. Pbkntiss.
w.
Farm Mortgage
IN.
D. Prentiss.
Rl«ALBSTATELOAN>on
references East and West.
bkb oas qdotatlonb in this papbk
Co.,
.ATTRENCE, KANSAS,
W. W. Walsh
Offers to investors the best securities in the marlcet.
FIRST
Member N.Y.Stook Bxch.
MORTGAGE LOANS UPON IMPROVED
FARMS.
Interest and principal paid on day of ma-
New Yoris. Funds promptly placed. Larire
No losses. Send for circular, references
and sampleforms. F. M. PBKKINf*, President; J. T.
WARNS, Vice-Prest.; L. H. PERKINS, Secretary
CHA8. w. GII.I.KTT. TrBa.s.; N. F. HA KT. AudlW
turity in
experience.
John B. McGeorge,
BBOAD 8TBEET,
COMMERCIAL PAPER,
Manbattanrille & St. Nicholas
Ayenue and other City Railway
Securities Dealt in.
TELEPHONE CALL " NEW," 727.
42d
St.
Farm Mortgages
of $100 and Upwards on In
dlaua and Ohio Lands.
SOTHING SAFER. ALWAYS PROMPTLY PAID
SEND FOR PAMPHLET.
JOS. A. nooRB,
«4 Eaat ITIarhet M.. Indtaiiapoll*. Ind
In
Sams
NORTHNo. 21
NASSAU STREET,
WESTERN
IN
GJ^S STOCIiS,
TRUST
CO.'S
NKHEH
House of
BanltinK
CARPENTER, Troy. N.
&
Reorganized
Established
Y.
1824.
CITY RAILiWAY STOCKS, 6UARANTEE
FRANKFORT-ONMAIN. GERMANY.
.special %nvizstraznts.
•
BROOKIiTN SECURITIES
DEALER
Co.,
•
AND AIX KINDS OF
No. 20
&
Dickinson,
recommend to conservative Investors our
Improved City and KaTm
Propprties- These have been mfide by us alter riKid
investiKalion of title and values, and can be trans,
ferred at once. Correspondence solicited. Ui^hest
Asent. 47 Wllllain 8t.
L. de Steiger
&
We have on hand and for sale flrst-class County
and School Bonds and other choice securities. We
and London.
TOWNSEND,
t
especially
The Corporation grant Drafts, Issue Letters of
Credit for use of Travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore, Saigon,
Manila, Hong Kung, Foochow, Amoy, Niugpo,
Shanghai, Uanl£ow, Yokohama. Hiogo, San Francisco
RI.
FARMS
Shanghai INVESTMENT SECURITIES AND
$7,500,000
Paid-up Capital
4,400,000
Reserve Fund.
4ii0.i'00
Reserve for Equalization of Dividends...
7,500,000
Reserve Liability of Proprietors
AGK
INVESTMENT BANKERS,
Stocks and Bonds
Street Ballroad
BANKING COBPOBATION.
A.
that sustain th^-m is practically a prior lien. If carefully made, a FIRST MOHT-.
up n one of theae
8 bet er than nnytliliiB that follows.
THIRTV-FIVECONSbiCUTlVE YEARS of active
and larffe experience with placim/ these loans has
enabled this company to master all the details required to secure and protect a lender's money, as the
record here In New York of all hese ye rs will demonstrate. 1 hat prudent investors are learninK the
value of these securities is shown bv the enormouB
proportions to which these investments have giown
with us during the last two years of depression.
Hay den
AND
(Incorporated by Royal (barter, 1885.)
Tbreadiieedle St., liondon, England
Paid-up Capital,
Reserve Kund,
BBOOKI.TN
GAS SECURITIES,
Australasia,
Letters of Credit and Drafts Issued on any of the
numerous branches of the bank throughout Australia
and New Zealand.
Bills nejioiiated or sent for collection.
TeleKraphic transfers made.
Deposits received in London at Interest for fixed
periods, or for transfer to the colonies on terms
which may be ascertained on application.
PKIUBAUX SBLBY. Secretary.
ST.,
«AS STOCKS
NSW TORS 00SR£BP0NDSNT8:
KNAUTH. NACHOD & KUHNE
.
Geo. H. Prentiss & Co.,
No. 49 WALI. ST., NEW ITORK,
Traneaot a general BanbinR and Commlggion
Business in Bills, Stocks, Snares, Coupons, .bo.
Messrs.
E. HACHFIELD,
No. 6>s Fine Street.
WiBBBL-en-EFFECTENBANK.
Enscbede-B. W. BLIJDENSTEIN, JB.
Almeloo—LEDEBOEK & CO.
B'dn^ay*
Tf' e b&his of success of every Industry In the West,
Northwest and Souih. is the products of the Farm.
Wheat, corn. beef. ork and cotton .-upport the manufactures of the country and even i he vant Rytstem of
railways thift gridiron thecontii ent. Thethousanog
of minions of money that are invested tn the sf curities of these railways are depenaent almost entirely
upon the success of the agricultural in erest, and yet
railroad bonds, on a proper mileage, are a favorite
investment with the pubiif, notwit- sia* ding a tlrat
mortyage upon the farms that r< duce the revenues
B.
BSTABUSHBD
Per Cent Farm Mortgages
The CorMn Banking Co., 115
SOLD.
LOAN
STOCKS,
1868.
of
the
Eastern Hepresentativea
NOKTHWE.XTERJi
GUARANTY
L(»AN
t:0
A uthoriied capital. »2,()00.000. Paid up
Real Kstate
capital, t200,«)0.
of Minneapolis, Minn.
MortKaKes worth from two
four times the
amount
to
of mort-
nettint? investors 6 to 8 per
Guaranteed by Co. Interest
ttiute.
COMPANY, ct.
payable at our RanklnK House.
^ELECT FIRST MORTGAGES.
Bank Stocks, Insurance Stocks.
Improving Western Property
See my quotations of Trust and TelCKraph Stocks On
TELEGRAPH STOCKS,
In
Saturday's Evening Post and Daily Indicator.
with pre-ent cash vuluo treble upwa ds of T>'>a,n,
also Km»i';'!''''ed
iiffordinK 7 to 8 per cent iucom'
Business Notes or estaDlished merchants of M.jineun\
upolia, lunninn 2 to 6 months, absoutely
aff(irdin*7to 8 per cent in advance. Uefer ii> Nat.
r, Sani'l R. MacIJiUik of Corame'ce, Minneapolis;
f
dealer
Lean, Bank»»r, 43 xchnnge Place, New York,
in approved Investments, to whom apply for partic;
>-(
financial.
GOmnON AND FBEFEBBED,
STOCKS
BOUGHT AND SOLD BY
J.
ST^IVTON,
S.
16
AND
18
BBOAD
BONDS
and
At Auction.
The Undersigned hold
ST.
SALES
REGULAR AUCTIOS
of all classes of
STOCKS AND BONDS,
H. L. Grant,
No. 146 BBOADITAT,
NEW YORK.
CITT^EAILROAD STOCKS
BODGHT AND
S.
6 Is
ADRIAN H. imULLiER &
No. 12
Sc
BONDS
PINE STREET,
NOTICE.
In this paper.
Bailey,
Pi:«E 8TBEET,
DEAUNOS IN
The underslKned have been nominated b7 special
COMMKRCIAL AGENTS FOR THE
PORBIGN BUSINESS OF HIS EXCELLENCY
THE VICEROY OF THB PROVINCE OF CHIHLl.
EMPIRE OF CHINA,
RUSSEL.L.
& Cliarlotte A. L. B'y Bonds.
HleinpliIs&Cliarleaton BB. Bond*,
Little
Bock BB. Bonda.
Carolina Ceiit<-al BB. Bonda.
Norili Carolina State 6a.
Birmlngbam
A.
LANCASTEB &
4 TTall StrMt.
St.,
N. T.
(JOPTHALL COUHT,
London, K. C. Ist January, 1886.
11
TiyE BEG TO AC<tCAI!NX
'
Interest, gtuidEttds,
&c.
(
YOU THAT
to carry on a general Banking and Commission business at the above
address, in co-partnership, under the style of
flrm
IiOfJIS& SAN FKATVriSCO BAILST.
WAY COMPANY. 15 Broad St. (Mills Building)
New Yokk, Jan 18. 1886.
__ ..._,
The usual Semi-Aimual Dividend of THREE AND,
on the First Preferred!
Stock of this company has been this day declared.:
and is payable Feo. lo, i-mi, at this office, to stocKholders of record upon closing of the trausfer liooliof that stoclt, as below.
^
^
.
The transfer books of the first preferred stocn
of this company will be closed on Tuesday. J»o
2«, Inst., at 3 P. M., and re-opened on the m.Mnlngu)
^T. W. LILLIE. Treasurer.
Feb. ll.prox^
,
)
we have this day commenced
Mb. H.
PArii & NOKTHEKN PACIFIC
ST.
Nkw Yokk, Jan. 16, l»l».u^
ttAlLWAY CO.,
PEll CiSNT coup,
GUMliRAL MOKrO'GE
bo pov
tS
of this CompanT. maiurliii! I'"eb 1 prox.. will
on andafterti.atdateat the banking house of Me8>r^
our
by procuration.
STANTON BLAKE,
CO.,
Tlip Americnn Inveslment Company, of Fmmetsbuit:, Iowa, incur poruten witti a paid-up canitsl
of S.lOO.OiiO, with branches at Huron ..nd nitchell,
Daltota, uller lir.-t Mortg:i|je Kurm l.oiins in biws.
Minn., Dakota, and Neb., doth Principninn lutereiit 4^uarauli*ed. Also tl , er cent t).-tieiiture IJond!*
(oblipaiioiis of the Compioy), ruiniJnL' 1" y<';Lrs, secured bv MoitKUK" logns deposited with th,' .^lercnn' lie Trust Co., >. ^ . ItiiUolBBUes Demand
Cei tiflcatB" of Deposit at .1 per cent interest. Write
for pamphlet and references
Mniiie <iaice. Eiiiiiii'tsbnre, Iowa.
E. S. Oruisby, PrcB. , 150 Nnsaau SI.. N. i.
ONE-HALF (aVs) PKR CENT
CO.,
BliAKE, BOISSEVAIN dc CO.
J. DeLANOY MBYBR will sign for
C'ty, Ala., 7a.
Amd<inUacellan«on«.SecarltIea.
BOUvJHT AND SOLD
Br S.
&
60 Wall
A SPECIALTY.
Caah paid at once for the above securttlea ; or they
be sold on commission at seller's option.
will
Atlanta
8%
6%
appointment
INSURANCE STOCKS
nemphls &
SON,
NEW YORK.
(Eqcitablb Building)
SOLD.
See Onotatlnna of City Railroads
E.
ON
WBDNB8DAT8 AND SATURDAYS.
S. H. BAKER, Dealer In Real Estate and Mortgages, MipneapoUB. Minn.
A. A. H. B018SBVAIN,
F. B. BLAKE.
WINSLOW. LANlEll & CO., 2<3 Nassau St., NeK
QUAR^'ERLY REGISTERED INTEREST dut
Feb. 1 will be transmitted at maturity to certiaoat<(
holders of record Jan. 25, from which date uoti
t'
Feb. 1, 1886, inoluslve. the transfer books wiu
GEO. S. JO.^ES,
Closed.
Treaaurar.
January
THE (IHRONICLK
188(1.]
30,
%nttvtstt ^iviacn&Sf Sec,
'mV. INTRItKST OS TUR POtiLOWhome of
lit the
II
u;i Vlf
I.ASIKIt
1
iblo
Safe Investment
CITV OF (ti;i\X'V, IL.I...,
KECilNTERKIt llO\U!».
btiiiklng
t't\
i>ttmnr Of
nt
corner
A CO..
Now York Cllr. on «nd
roou.
fr
4 1-3
KuilrondCo.—
day of Janvoted to Issue
tieO.OOO of 4^ por.'cent SO-yitar Registered Bonds, to
take up and refund a like amouDt of 6 per cent
registered bonds, becoming dae July Ist, 18-^0.
Capitalists will and this a safe Investment, as the
Interest Is collected by the Btate uf Illinois, and the
same is payable annually. In the month of Jnly, by
the Ststo Treasurer at his depository In New York
City. Parties wishing to Invest will address Mayor J.
Parkhurst, Chalriuan of Finance Committee, Qulncy
III., for any Information desired.
At a
.
.
l'l!y.
..•
'
Ind.—
limry,
Aid 8(1.
i« Worku, uf Kome, N. Y.—
Mar
N.«
riatl
'Mcuio Rnllway—
1-
IM>S"'H."
K
a
,
liwiiad..!.
I, I, It.'!
UmiI,
St.
liilnuls—
i^iiiiiii
WlltlTWiUkH S?(.
I'liui & N irthuiii
CXtieiieral
Railway Co..—
I'aclflc
.MnrlKiii.'"' *1^.
!
KIlKL'ARy 11.
Howard County, IiuUanatiravcl Koud
^
la.
KBBKUAR?
Town
KKBRUARY
KBBKUART
Kirklln,
23.
Central RR. & Bauking Co. of Georgia.
A road that has never defaulted on an obligation
„.
85.
and earns as well as pays dividends on
A limited amount for sale.
Indiana—
Sfhool
73.
KKBRUARY
Bonton County. IndianaGravel Road
6s.
„ ,
FEBRUABY
January and Jnly.
DKBI^\TtKE BO.VDS
Hamilton County. Indiana—
Uravel Koad 8».
. , _ ,.
16.
Galllpolls.OhloMuuiclpal 88.
.VkW York, Jan.
27, 1886.
CHIC. BURL.
I
i
due April 1st, 1886,
ta06,000, duo October 1st, ias8,
»198,000, due April Ist, 1887,
At par and accrued interest to date of delivery, and
59,
DUE;1028;
CHICAGO
a further suiu equal to 2 per cent interest per annum
to date of maturity.
EX NORTON. Vice-I'resident.
dc
1911;
1911:
ST.
PAUL
6c
isr 68,
DUK 1933;
Bini.lUNC.) Nkw YoltK, .Ian. 27, 18stt.— CinipoMs due
Feb. 1. 188rt. from the bonds of the following companies will be paid on and after that date at this ofBce
Texas & New Orleans RR Co. 1st mctrt.. 7 per cent
Main Line.
Galveston Harrisburg A San Antonio Railway Co.
Ist inort. 6 per cent. Eastern Division.
TIMOTHY HOPKINS. Treasurer.
WALL
18
OF THE SOUTHERN PAOFFICE
(1^IC COMPANY. No. 23 Buo.\I) ST.. (MILL'S
WABASH
dend of one and one-half per cent on the capital
Btock of this comjiany has been this day declared,
payable at this office on and after Feb. 1, 1886, to
gtooitliolders of record on that date.
Transfer books will be closed at 3 o'clock P. M.
Jan. 1^, and will be re-ijpened at 10 o'clock A. M.
ST.
SCRIPS.
Feb. z prox.
.NICHOLS,
E. T.
Jr.,
Assistant Secretarv.
OF PULLMAN'S PALACE
OFFICE
CAR COMPANY. CulCAOO, Jan 20, 1886.
Thoiisnal
DIVIDEND No. 76.
orAUlERLY DIVIDEND of
oapital st<ick of this
TWO
(8)
company
n been declared, payable Feb.
-.
and ru-opeu
I
lol
II
--
of record at close of business
iransfer books close February 1,
.
1 utti-uary 16, 1886.
A. S.
&
STON
WEINSHEIMER, Secretary.
TF.XAS CENTRAL, KAIL-
VVCO.MPANY.— The
Farmers' Loan & Trust
the liolders of bonds
6^v»i v'.i by th'- '. '-'
'- orider which it is Trustee,
\s
DHUiely, the
western llr;*t and second,
the .Main Lin.
Land the general njortgage. to send
and addresses, together
with the amounts am! .lass of bonds held by them,
respectively. t<jthe undersigned as its attorneys.
L
•
,
;.iy
hereby
ref|ue..ls
RAILROAD FIRSTS.
COUNTY AND TOWN OP
NEW YORK
BNTRANCH
Ck>T.
U
No.
New
Y'ork,
PINB STRSBT,
'gnsxiv}xnc6,
.Ian. 29, 1866.
I,
Xmst Companr
on and after that date at the Union
of this city.
FRED.
A.
BROWN,
Treasurer.
pOlPONS DIE FEBRU.ARVl,
^froiu
llie I-irsI .M'-rlk'age
1886,
ii
NATIONAL BANK OF THE
THE
KEPUBLIC.-New York, January
Iswi.—
29,
of dire<-ttii-s have this dav dtjcljired a
dividend of THIIEK (3) PKR CKNT, free >f ta.\es,
payable on and jUter Monday, I-'ebruary 8. 1886, until
Which date the Irausler books will bo closed.
£. U. PULLJSN, Cashier.
The board
COMMERCIAL MUTUAL
INSURANCE COinPANir,
42
WALL
STRKBT,
NEW
YORK.
ASSETS.
llondsuf the (hesapeuke
s<jnihwesi*;rn and Paducah A Ellzabethtown
railroad C'lnijianLL'.^ will be paid on and after that
date at the i ompany s office, 23 Broad Street (Mills
Building). New York.
I. B. GATES, Treasurer.
Ohio
?189,86S
United States Securities
BankStocksof New York City Banks.... 102,687
City and other Stocks and Bonds, lioans
342,653
and Cash In Banks
Premium Notes, Cash Premiums, Be-In 77,496
anrance and other Claims
Total Assets January
1,
1888
....
00
00
71
»8
$712,252 60
W. IK\1N(J COMBS. Prcsi.lcnt.
Sec. w.^inwkk.ht 11.4Ki,ik. V.P.
tJT' This Company issuos Certificates vi Insurance,
LONDUN,
at its Baokexs, Messrs.
losses payable In
Henry D. King,
brown; SiUFLBV ACQ.
$12,740,326 46
of
the issue of 1881 will be redeemed and paid to
the holders thereof, or their legal representatives, on and after Tuesday, the 2d of February
next, from which date all Interest thereon wUi
cease. The oertifloates to be produced at the
time of payment and canceled.
H. CHAPMAN,
is
Secretary.
TRUSTEES:
A. A. Raven,
Adolph Lemoyne,
Robert B. Mintum,
Charles H. Marshall,
Frederick H. Cossltt,
WUllaiH Bryoe,
Wm.
John
J. D. Jones,
Charles Dennis,
W
H. H. Moore,
James Low,
POCHESTER dc PITTSBURCi FIRST mARINE AND INLAND INSURANCE
MORTG.^GE COUPONS maturing February
1886, will be paid
$9,034,685 00
Flagg,
TURNER, LEE A McCLURE,
New
$776,712 42
Assets, viz.:
otherwise
1,438,600 00
Real Estate and Claims due the
Company, estimated at
530,000 00
Premium Kotes and Bills Receivable
1,508,143 53
228,897 88
Cash in Bank
Nassau & Pine Sts,
B O ]V I> S.
20 Nassau Street.
$1,915,020 67
other Stocks
J.
IN
.
same
The Companr hag the following
United States and State of New
York Stock, City, Bank and
York.
BROKERS AND DEAI.BR8
i.
;
&
Reed
the
A DIVIDEND OF FORTY PER CENT
TOBEY& KIRK,
Duncan Building,
Losses paid during
period
declared on the net earned premiums of the
Company, for the year ending Slst December,
1885, for which certlfloates will be issued on
and after Tuesday, the 4th of May next.
By order of the Board,
STATE.
4 Broad Street,
from Ist
THE OUTSTANDING CERTIFICATES
NEW YORK & GREENWOOD LAKE
CITY,
off
SIX PER CENT INTEREST on the outstand ing certlfloates of protlts will be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 2d of February next.
:
I'ME ST. PAUL MI\>EAP01,1S &
A JIANITOBA RAILW.VY t O.. IS3 Wll,LIA.M St.,
New Y'okk, Jan. 4, 18.86. The usual quarterly divi-
$5,196,143 76
Amount
WANTED.
S. T. WING,
CHA
President.
1ST 7»,
DUB 1917;
NO. PACIFIC IST 6is,
DUE 1923;
NORTHERN PACIFIC TERJUINAL
l^Hti.
The Farmers' Loan & Trust Co.,
By R. O. R0L8T0N,
1886.
Loans secured by Stocks and
NORTHWESTERN UNION
Pursuant to th*! provisions of the deed of trust,
dated .Vav 1. Ih7l^. the undersiKned, the Farmers'
Loan i Trust Co.. Trustees, solicit offers of tlrst preferred iiicoiiio and sinking fund debentures of the
Mobile v"c tihio Uailniad Co. t<» the aggregate amount
of twenty Hvo tliousand dollars.
Sealed ..ITe s v.ill be received until 12 M.Wednes:{.
7*,
NORTHWEST., MENOiniNEE EXT. Ta,
DUE
A: OHIO RAIL.RO.\D COmMOBILE
I'A.NY SINKING KUND.
day, Kebruitrv
DUE
CHIC,
Total Marine Fremlnmi
Returns of Premiums and Expenses
NORTHWESTERN,
A-
MADISO.N EXT.
(446.000,
W,
January, 1885, to Slst December, 1885
$3,770,094 30
NORTHERN NEW
A:
January
Charter of
the Company, submit th<i following Statement
of its alfulrs on the Slst December, 1885:
Premiums on Marine Risks from
Ist January, 1883, to Slst
December, 1885
$3,856,618 66
Premiums on Folioies not marketl
off Ist January, 1885
1,339,525 10
Premiums marked
I.
Thu
XEW YORK,
Tlie Trustees, in conformity to the
»'
Aueusta, Georgia.
THE 1.0CISV1L,I^E ifcNASH-
OF
o*FFICE
VII. K KAlLItOADCO.
Mutual Insurance Co.,
Its stock.
FELIX ALEXANDER,
MTM.
Louisville & Nashville RR. Co. will purchase
at Its efflce, 50 Exchange Place, New York City, the
whole or any part of the »«50,000 LotUsvillo City Six
per cent bonds, maturing as follows :
ATLANTIC
special election, hold on tbe 9th
Interest Paid
15.
OFFICE OF THE
1886, the citizens of IJalnoy
Safe Six Per Cents.
tV.t.
oiitrevtlle. IndianaRs.
'
IttBtumttJCje.
I^ttutucial.
Sturgis,
Elliott,
James G. De Forest,
Ben.iamln H. Field,
Charles D. Levericli,
Josiah O. Low,
Thomas B Coddington, John L. Riker,
N. Denton Smith,
WUliam Degroot,
Horace Gray,
WUUam E. Dodge,
WUliam H. Maoy,
C. A. Hand,
John D. Hewlett,
William H. Webb,
Charles P. Burdett,
CorUes,
George
Henry
Bliss,
E. Hawley,
William D. Morgan,
Isaac Bell,
Edward Floyd-Jonea,
Anson W. Hard,
Thomas
Maitlaad,
Edmund W.
JOHN J>. JONES, President.
CHARLES DENNIS, Vice-President.
iiW. H. H. MOORE, 2d
Vloe-Pre«'t.
A. A.^BAYEN, 34 Tioe-Piesldeot.
THE CHRONICLE.
vi
fVot. XIII
%ns\xxmxcc.
TH£ OLDEST AXD L,ARGEsT
AMERICA.
IBT
THIRTF-EIGHTH ANNUAL REPORT
OP THE
COMPANY
GUARANTEE
PENN MUTUAL
OF IVOIiTH AlVIER^ICA.
United States Government Bonds
,^
Rlcbraond City Bond,(Va.)
•,-'s,---\--VA
Railroad CorpdratiOD
Cash
"
in
—
Banks
„----^-:
on hand (Banliable funds)........
MortKages, Accrued interest and Sundry
Premiums in due course of collection
OF
.-
mmor
i2.'iH47a2
••
assets
63'899 21
S'sia 84—
67212 05
19640 07
iS'mi ia
19 26,803
in
Ml 2fi
26
46.,43
.".°.*'.'.°
.'°''.™:
::::::::::::'.:'''''' 'il:^!?
i°-ni8 ,9i8
8457 168 48
868600 uo
aog.ouu
00
call
SS35.76S 40
Bonds
in force Slst
December,
$388,645 85
confined to issuing BoxDS of Suretyship for Employees of Banks.
Buiiness
iju.
cos striotiy
..
.
cial and Financial Corporations and Governments.
Vice-President,
SALT.
I
New
Commer-
Railways,
HOK. JAMKS FBRBIER.
EDWARD RAWLINGS.
Managing Director,
December
....
Risks Assiiined
New
$351,815,M1 07
129,199
8398,323,080 23
York,
in trust
421,061 75
1.
To Balance from
" Premiums
last
account
$97,009,913 08
14,768,901 93
5,446,052 So
" Interest and Bents
.
.
Amount.
8,247
$368,981,441 36
29,341,6.38 87
129,199
$398,328,080 23
paid to Policy-Holders:
Endowments & Purcliased Insurances. $5,270,110 34
Dividends and Annui-
H.
8.
STEPHENS,
Telephone
Fifth
Other Dii^bursements:
Commissions and a, ooc n^a oi
Commutations... f»1.288,6,9 84
I
2,487,290 48
Stoclcs
and Bonds
Purchased
Balance to new account
469,882 87
99,865,044 11
$117,224,867 36
terminated
"
Premiums received in advance
" Surptus at four per cent
.
$103,846,253 00
50,080 78
5,012,683 78
JOHN
Real Estate
$49,228,980 16
United States and other Bonds.
89,366,104 00
Loans on Collaterals
3,856,500 00
RealEstate
10,992,720 45
" Cash in Banlis and Trust Com"
"
"
2,619,543 21
1,217,329 85
and
in
tmn-
sit
"
1,438.189 55
189,560 29
Sundries
$108,908,967 61
$108,906,967 61
I have carefully examined the foregoing statement and find the
'-
f
same to be
A. N.
From the
correct.
WATERHOUSE,
January
Q.
MOORE. W. K. KITCHEN.
Moore
&
G. B.
CO.
SCBLIT
Schley,
BANKERS AND BROKERS.!
26
BROAD STREET, NEW^ rORK,
Branch Office
Connected with
Irving a.evans*C«.
72 Wall St., New York.
28 State Street,
114 So. 3d St., Philadelphia.
Boston.
1419 ¥ Street, Wa»b;agt')».
Private wire Connections.
Buy and sell Stocks, Bonds and Miscellaneous securities on New York Exchanges, also Grain and
Provisions on Chicago Board of Trade,
&
Spencer Trask
Bankers,
Co.,
Auditor.
Nos. 16 AND 18 Broad Street,
Surplus above stated a Dividend will be apportioned as usual.
New Tobe,
KEW YORK.
HITCHCOCK. DARLING &
Cr.
panies at interest
" Interest accrued
'*
Premiums deferred
Avenue
The Largest, Bes Appointed and Most Liberally
Managed Uotel in the C;ty, with the Most Central
and Delightful Loo:;tton.
By Bonds Secured by Mortgages on
for policies in force or
NeJ" 817."
call
Madison Square,
$117,224,f
Balance Sheet.
To Reserve
ActJ.
HOTEL,
266,656 50
991,954 14
Premium on
BARKER,
?^itt?»icial.
$14,402,049 90
Expenses
Sec. J J.
IF YOU WANT TO BUT OB SELL ANY
BONDS,
PUTS OR CALLS ON STOCKSorOK
call on,
write to, telegraph to, send for,
tl. W. ROSENBAllM^
New \ork.
54 Excbauffo Place,
"
3.211.900 00
5,920,033 66
Ta.xes...
$1,969,283 38
HUBV.
President.
Vice-President.
2d Vice-President.
C.
EDWARD M. NEEDLES,
Cr.
ties
.
Surplu* at 4>^ per cent Pennsylvania
standard, (estimated)
SAMUEL
A.ocount.
Deceased Lives
$10,392,531 21
.
Losses report 'd but not due ^t-9,710 07
8,697,309 00
Reserve at 4 per cent...
Surplus on life rate endowments and unreported
193,277 76
policies, etc
1,432,234 38-10..302,531 21
Surplus 4 per cent basis.
*
Eisk^ Terminated
By
1886
1.IABII.ITIES.
Policies and Annuities in
force, Jan. 1st, 1880.... 120,952
Revenue
524,863 79
830,659 21
73,081 08
companies and on hand.
HENRYC. BROWN,
2>r.
?5,1 18,517 85
2,598,781 10
,592,262 94
over LOSt
No.
46,507,139 16
?9,737,915 37
Net Ledger Assets as above
t9,737.915 37
1H4 ,027 62
Net deferred and unrepor'd premiums
49,526 47
Interest due and accrued, etc
Market value of stocks, bonds, Ac,
Gross Assets January
Amount.
114,805
14,334
1,753,703 59
1886
,
Cash
Insurance and. -A-nnnity .A-Ccount.
force, Jan. Ist, 1885
1,
RR. and water bonds, bank
and other stocks
Mortaaties and ground rents
Premium notes, secured by polic's, Ac
Loans on collaterals, etc
Home office and real estate bought to
8108,908,967.61
in
Re-insurance
88
00
53
38
63
Total paid policy-holders »I,345,652 43
^54,523 68
Taxes and leiral exp'nses
Salaries, medical fees and
97,481 85
office expenses
Commissions to ageuts,
147,760 19
rents, &c
Agency and other exp's.
87.587 80
Advertising, print'g and
supplies
17,699 48
Fire insurance and office
furniture
3,093 16-
Slst, 188B.
ASSETS
No.
^691.449
54,895
208,958
386,708
3,545
secure loans
Life Insurance Company of
BICHABD A. McCUKDY, President.
the year ending
.S2
City loans,
OF
For
2,357,288
AS.SET8.
PHiLAiiELPHIA.A. K. SABINE, 506 Walnut Street.
JAMES GBANl', 175 La Salle Street.
(Chicago
,
STATEMENT
The Mutual
by death
Matured endowrae'its...
Surrendered policies....
(^asll and note dividends
Net Assets January
D. J. TOMPKINS, 111 Broadway.
G. W. GREG ERSON. 17 Central Street.
YoltK
BoSTOX
-ooA-K-^^va
BRA^CH£S
1S,402.
1885,
of Claims paid to date
and Annuities
?1,830,240 30
627.042 62-
DISBURSE.WEMTS.
47
»36a,997 26
Total Kesources lor Security of In sured
Total number of Bonds issued to date, 70, 649.
IV)Iicies
For premiums
For interest, etc
riairas
RESOURCES.
Ket Assets asabove......
Reserve Capital subject to
.T a
IT. (*,
*9,134,330 14
RECEIPTS DURING THE YEAR.
*11,491,81S 98
Surplus to Policyholders
FrBJideat Sir A. T.
Net Assets January 1,1885
lilABIIilTIES.
'"XouTer'^LiawiTties"'.?"
Total Amount
PHILADELPHIA.
50-8242.412 50
84SJ,91.5 73
TOTAL ASSETS
Resewe in hand
i.m
;;;;;;;;;;;;;;;;.v.".v,'.'.v
V'\
Municipal Bonds (Canada)
i
Co
Life Insurance
13th Annual Statement to 31st December, 1885.
Capital PaidUp, »300,000 00
«668,600 00.
ASSETS.
Capital Subscritoed,
80, 1886.
I'ransact a General
Banking Busineti
BOABD or TRUSTEES.
Samuel E. Sproulls,
Lucius Rubinson,
Samuel D. Babcoqk,
Gborge S. Coe,
John E. Develin,
Seymour L. Husted,
Richard A. McCurdy,
James C. Holcbn,
Hermann
C. von Post,
George C. Richardson, George F. Baker,
Alexander H. Rice,
Jos. Thompson,
F. Ratchford Starr,
Dudley Olcott,
Frederick H. Co&sitt, Frederic CromwelLj
Lewis May,
Julien T. Davies,
Oliver HahrimaV
Robert Sewell,
Henry W. Smith,
S. Van Rensselaer Ceuger,
ioHN H. Sherwood,
LOBERT OLVi-HAMT,
CUARLSS R. HBNSBKSON,
George Bliss,
Rufus W. Peckham,
Wm.
J.
p. Dixon,
Hobart Herrick,
Robert A. Granniss,
Nicholas C. Miller,
Henry H. Rogers,
Jno,
W,
Au9HWi;ioss.
Branch Offices:
Connected by Private Wires.
Philadelphia, 133 South Third Street.
Albany, N. Y., 65 State Street.
Providence, E. I., 13 Westminster St,
Saratogas, N. Y., Grand Union Hotel>
xmm
m;
AND
HUNT'S MERCHANTS* MAGAZINE/
'
HEPRESENTINa THE INDUSTRLAX. AND COMMERCIAL INTERESTS OP THE UNITED STATEa
VOL.
SATURDAY, JANUARY
42.
CONTENTS.
I
THE CHRONICLE.
Rotnms
13.>
I
Tile FliiiiHi'tal Sltiititloii
130
1
Tho Year's Foreign Commo-ce 143
liupoits ami Exports for Decumber, and for the Six and
Twelve Month;) Kndlnjr with
Caplti C'linency
138
Benntor Eustla's Conundrum
December In 1885 and 1884. 145
Answered
139 Monetary and Commercial
Clearlns- House
Clt'irini;s
til
and Per
I.rmiloii
I
|
m
with |86,307,000 for the same period
1885.
Following our usual plan of deducting double these values
from the total exchanges to arrive at clearings having other
origin, the result reached is $384,390,330 this year, against
1296,926, ?58 a year ago, or an increase of 295 per cent.
contrasts
I
Course of Pig Iro*" Produclion,
ie
Weelf
EnKlish News
115
110 Commercial and MiscellaueouB
142| News
147
THE BANKKK8' GAZETTE.
Uoney Market, Foreign Ex-
i
ohango, U.S.Soourlllea. State
and Ralbroad Bonds and
Stocks
149
Rangi< in Prices atthe N. Y.
l.'iO
aiook Exoliange
Quotations of Stocks and Bonds l.M
Loc:il SL-curlties
I
I
I
1888.
157
158
I
Cotton
TIMES.
|
Breadstulfe
I
Dry Qoods
New York
Salt)
l.'i'J
Railroad Earnings
153
luvestmeut and Railroad Intelllgence
154
THE COMMERCIAL
Commercial Epitome
163
104
,
iCoUon
The CoMiiEHCiAL and Financial Chronicle
published in
ia
New York
every Saturday morning.
Post Odioe, New York, N. Y., as second class mall matter.
Twestors' Supplement,
Ofllces In
7s,
JBl 8s.
Issued once in two
tlie
The
England.
B.
DANA.)
JOBLN o /i:oru
Co., PubHsbers,
A™."- »V!VA
* 8A WHHani Street, NfeW YORK.
*'!'*'*'''
»9
J
J
Si.
(+72-9)
(+1-6)
(+14-2)
(+0-0)
(39,311,000)
(39,328,000)
|82,S;8,600
1,7-9.854
164,271,534
4,287,500
1,483,895
805.740
854.116
826,942
467,907
937.068
624,180
712,415
457,447
$&2,200,8<55
172,754,038
153,527.641
143,382,428
8,128,804
7,282,11-9
10,6J3,'J9«
12,400,271
+116
-142
Boston
ProTldenoe
Hartford
4,446,6(10
Lowell
N
England
.
Total Middle...
11 28
£2
Theoffloe of theCoMMEKCUL and Fi.nancial CnRONiotE in London
Is with Messrs. Edwakij.'s & .Smith, 1 Drapers' Gardens, E.
C, wheie subsoriplions and advertisements will lie taken at the regular rates, and
single copies of the p.iper supplied at Is. cacli.
Theofflceof the Ciikonici.e in Uverpool is atB15, Exchange BuiliUn;8
wiLUAlt
(1,473,018)
(383,100)
iluttlmore
CltRl)X'ICI.E.
_
(2,54rt,483)
(38,762,800)
Pittsbnrg
publishers cannot be rcspon.sible for remittances unless made by Drafts
or Post Ullice Monev Orders.
A neat tile cover is furnished at 50 cents; postage on the same Is 18
cents. Volumes bound lor subscribers at $1 00.
__
+53-8
l3B6,9i)0)
Total
$10 20
6 10
Suiiscriptions will be continued until deflultely ordered stopped.
$469,540,258
J
Terms of Subscription— Payable in Advance
months, and furnisliod without extra charge to subscribers of
172^308,830
(41.907.000)
Philadelphia....
For One Xear (Including postage)
For Sl.t Months
di>
KuiopianSubscilptiou (inclU'Ung postRge)
Annual subscription in London (inoludimr postage)
Six Mos.
do
do
do
'
Fust Ofkhjis Box 958.
ChlcafTO
Cincinnati
.Milwaukee
Detroit
Indianapolis.
1,774,884
+22-3
+21'1
+0-7
1,074,279
+28»
875.767
827,443
482,091
+11-0
+9-3
-18-9
+26-7
$95,191,233
+21-2
+23-4
$63,817,552
7,340,898
12,289,395
+15-6
+9-8
-17-4
-78
+88S
+30-1
+2-3
NewOrleooa
IiOalsTlUe
Memphis
$73,447,846
+7-7
40«
8,719.550
-14-0
-28-4
+12-4
-0-9
187,493,753
$59,337,841
+ 13-7
168,320,296
116.041.902
982,031
9.920,000
4.865,232
4,5S4,76j
1,S34,13S
$14,588,685
+100
$14,920,696
890,848
10,055,784
4,874,579
8,912,090
1,704.899
1,809,861
3,142,638
2.808,218
1,481,682
+191
+ 22-*
2,390,750
1,589,833
-19-6
+5S-4
627,140
3,180,442
2,920,602
582,375
+88-8
11,259,345
-118
4.071,203
+7-2
+10-7
+28-3
4,140,767
1,430,104
1,412,560
Total Sontbem..
5,019,100
$44.aSO,063
574,875
Galveston*
Bank clearings continue to be of a favorable description
in the present statement there is an excess in the aggregate
for the whole country of |64, 116,454 over the total for the
weelc ended January 16. This increase is, however, entirely
$85,137,668
+200
2,890,881
Lonia
Joseph
(88,779,000)
+28-9
-H-2
+14-6
2,788,966
Total Western...
(+30-9)
(-110)
{-14S)
+15-7
-6-7
+13-8
+83-8
+10-0
+30-1
+11-2
-16-9
+18-4
1,387 65i
Peoria
(385,900)
163,061,888
1,385,479:
Omaha...
Denver*
(2,023,95S)
(32,977.200)
$38,325,452
8,602,450
3,449,435
2,109,60U
1,2;M,348
1,748.352
1,247,920
691,317
1,928,95
Colambns
St.
4213
172,300,317
2.276,445
St.
PerCtnt
1888.
$652,597,288
$44,368,017
8,024,400
3,917,419
2,831,670
Cleyeland
Kansas City
CLEARING HOUSE RETURNS.
Par Cent.
bait*.)
.
Worcester
Tliese prices Include tlie
WUk BnMnt Jan. 16.
SS.
(Qrain. .buaheU)
(Petn>ltum..bbU.)
I*ortland
tlie
Jan.
1885.
of—
{Stock»....thaTe»,)
Springfleia
Entered at
EnMnQ
|
I
The PostOlttce
NO. 1,075
30, 1886.
-06
-7-9
+270
-120
+7-4
-98
-as
»37,728,05S
$36,072,379
+4-6
$38,398,876
-6-8
$8,910,066
$11,438,722
-21-8
$10,947,430
-14-7
11,000.979,119
$712,208,121
+40-5
$938,862,965
+18-3
$278,671,0!'U|
$242,667,889
+14-8
"$384,265,680
;
j
San Francisco
Total aU
Outside
New York
New Yoric, and mainly attributable to an increased stoclc • Not included in total.
The returns of exchanges for the five days as received by
speculation for while some of the other cities exhibit figures
that show gains over the preceding period, many of them telegraph this evening exhibit some falling off at all points
record a decline still the falling off in general is not material, from the figures of last Friday. In comparison with 1885,
the decrease at all points outside of New York reaching less liowever, New Orleans and Baltimore alone fail to show an increase, and in the whole country the excess reaches 41*7 per
than $6,000,000.
at
;
;
In comparison with a year ago, there are very decided gains cent.
.
;
other
cities,
Joseph,
1888.
New York
.
for the
week cover a market value
of #16S,959,00O, whicli
is
Five Days Ending Jan. 29.
Omaha, Worcester, Detroit, Memphis, Springfield SaUt of Stock (tlu.)
and Cleveland lead in percentage of increase. Contrasted Boston.
.,
with earlier years, the current returns are also quite satisfac- Philadelphia..
Baltimore
tory, the week's total showing an
excess over that for the Chicago
correspondmg week of 1884 of fully
St. Louis
%% per cent, and over New Orleans...
1883 of one-tenth of one per oent. With New Y'ork
excluded,
Total.. .._
the gain in comparison with 1885 is 14-0 per
cent, with 1884 Balance, Country*
reaches 8-6 per cent, and with 1883 nearly 68 per
oent,
Total an
On the New York Stock Exchange the dealings in shares
Outside New York
St.
.
With New York excluded the gain
New
at the leading mercantile centres,
Y'^ork recording an
excess of o3-8 per cent, Boston 28-9 per cent, Philadelphia
23-4 per cent and Chicago 1.5'7 per cent
of the
*
18S5.
Per
Cent.
17-8 per cent.
6 XyyBBnd'Q Jan. 22.
1886.
PerOmt
$014,038,171
+51-0
(+39-2)
(2.014,766)
(+71-8»
09.032,831
44,948,766
+8r9
10,925,424
+96
a029,191
-8-0
8,808,029
88,820,000
13,e«2,B62
8,0i»,117
-15«
30,256,830
+40-9
+23-8
—5-1
+18-8
+45-5
4-1-9
$7V«.S92.2e8
83,054,546
+12-8
51,090,021
$478,873,272
48,700,284
$747,698,802
$827,57!i.586
-t-41-7
$849,946,818
+88-8
$215,541,296
$18Z.B<ie.«!)8
$a88,«08.644
+120
$532,157,360
$344,620,090
(1,862,876)
(1,194,8»1>
88,887,082
45,205,480
80,855,180
38,245,817
8(528,263
34,638,000
11,978,820
7,883,293
$896,606,641
8,981,20'
+54-4
JaHlmat«il on ibe bMis ol U19 iMt vtelcly istniai.
+20-3
+18-1
+10-7
-lit
-10
THE CHRONICLE.
136
[Vol. XLII.
will promise to help
keep up the price of the bullion by baying 2 million
towards lower ounces a month. We do not care to discuss the measure
The tendency of our money market has been
as it stands, except to say that anything more or less than
That is to say, money on call, so far as represented
silver dollar current) if the people
THE FINANCIAL SITUATION.
rates.
supply, the
bankers' balances, has been in abundant
to
from
2 per cent,
day,
quotation varying from day to
by
H
per cent.
and averaging for the week probably about If
been
along
all
have
which
paper,
Kates for commercial
is
supply
the
though
materially,
changed
low, have not
and
banks
Savings
active.
is
inquiry
the
limited and
on Governother institutions are freely ofiEering money
the simple repeal
of silver dollar coinage
delay the
will
re-instatement of silver in Europe, will depress the price
of silver bullion in the end,
and be an element of
ance to our currency in future
man's measure
is
years-;
yet
the best the country can get,
disturb-
Mr.
if
it
Sher-
would be
an improvement on the present dollar.
The trade outlook has undergone no material change.
ment bond collateral at \^ per cent, to be returned when The weather has latterly become more favorable, thus
demanded. These conditions grow out of the fact that permitting a freer interchange of commodities, but there
movement is no special activity anywhere except in the dry goods
the supply of funds continues to increase, the
being uninterrupted (our trade, where there appears to be a fair representation of
Clearing House banks reporting deposits last Saturday at buyers, a good demand and an improvement in prices,
•bout 390 milHon dollars), while the inquiry is less active inducing merchants to take quite a hopeful view of the
from the
interior to this centre
This enlarged distribution of goods seems to
due to the duller trade since the new year began and the future.
indicate
that
the prospects are so favorably regarded by
speculation.
more restricted
local
are best able to judge them, that they
Lonjobbers
who
at
market
open
in
the
discounts
reports
cable
The
don of 60 days to three months bills at 1| per cent, while are laying in stocks to supply an anticipated heavy demand
the bank minimum remains at 3 per cent. There appears later on. Apart from dry goods, however, trade is rather
There is a disposition to go slowly, pending more
to be a concentration of funds in progress at that finan- quiet.
definite
causes,
knowledge of future probabilities. In the iron
cial centre as well as here, the result of similar
foreign,
trade
activity is less pronounced than heretofore.
the
It
internal
as
well
as
the late political complications,
has
been
a
falling
ofi
in
demand,
deis
admitted
that
there
the
trade.
The
depress
further
to
also having a tendency
feat of the Salisbury ministry on Tuesday had no marked and though prices are not any lower, manufacturers seem
The
influence in the financial markets, but it must have created ready to supply all wants at current quotations.
and
figures
of
the
Iron
Steel
Association
issued
this
in
week
more
manifest
trade
which
will
be
unrest,
of
feeling
a
circles, for the change at least unsettles the foreign policy show only small stocks of pig on hand.
The most that can be said of the stock market is that it
of the Government, so intimately connected with England's
commerce, while it gives the appearance of instability to has been dull and inactive, but has shown a strong underany future ministry that undertakes to settle Ireland's tone. The truth is, the investing and speculating public
The collision between Turkey and Greece, is in a waiting attitude, watching the course of events for
demands.
which early in the week looked so threatening, has, clearer indications as to the future. The situation has
according to the latest news, become much less imminent, changed somewhat recently not so much in the introduction of adverse factors, though there have been some
the outlook being quite peaceful again.
Our foreign exchange market has apparently in no de- of these, as in the circumstance that the features of the
gree been influenced by events transpiring in England or situation are no longer so uniformly favorable as they
on the continent. It seems, in fact, to be now wholly were. Two months ago everything furthered the upward
under the control of the silver discussion and the antici- course of values. All railroad troubles appeared to have
pated decision respecting coinage. As a question of trade been permanently settled.
Now the Baltimore & Ohio
ought to be coming this way and in has a difference with the Pennsylvania, and is quoting
balance, gold
The
Bureau of
considerable quantities.
Statistics reduced rates westward
on passenger business from
issued
the
trade
has this week
figures for De- Eastern points.
To be sure, the matter is a small one,
cember, and, according to them, adding the silver and the amount of business involved comparatively trifling,
to the merchandise movement, we have a net merchandise but there is a dread (whether ill or well founded does not
balance for December of 24 millions, and for the last three matter) that it may grow into greater importance and the
months of 61 ^million dollars. Certainly the high rates peace of the railroad world again endangered.
now ruling for sterling exchange, find no explanation in
As regards the coal roads, too, the lack of any definite
such figures as these. Nor is there, especially since the agreement for controlling the output is a disturbing
decline in the Bank of England minimum, anything in factor.
But a short time ago it seemed from the great
the relative rates of interest between New York and Lon- demand that had suddenly sprung up for coal
as if these
don to draw capital to the other side.
Yet though roads were to be especially favored, beyond other roads, in
exchange has been a little irregular, it has been firm and the period of prosperity about to ensue. Now, though
is now close on to the gold-shipping point.
The nominal the Philadelphia & Reading is out with a very good
rates for both classes of bills were reduced on Monday, return for the month of December, prices of coal are
mainly due to the absence of demand, but partly to the sagging, no effort seemingly is being made to come to an
oSering of sight bills drawn by the arbitrage houses. understanding, and things are apparently allowed to drift
This supply was soon absorbed and rates were restored from bad to worse.
Of course, there will be a settlement
on "Wednesday.
As to the progress of the silver some time, with little probability that it will be preceded
discussion, there is
nothing new_ this week except by a preliminary fight among the companies, and yet the
the introduction in the Senate by Mr. Sherman of a public, under suchjcircumstances, always waits, fearing the
—
—
measure_to discontinue the dollar coinage, but to continue
bullion purchases and issue certificates thereon of
denom-
factory as
inations not
on,
less
than ten
dollars.
This
bill,
which we
publish in another column, has attracted attention, as
it
seems to be a kind of compromise to give the
people
a
dollar
worth a dollar
in bulhon (the third kind of
worst.
it
was.
There
is
situation
a fair
is
not quite as
amount
Its
absence
is
satis-
of trade going
but the "boom" that had been predicted
coming.
is
Then the business
—
is
not forth-
not to be regretted, for nothing
so demoralizing to trade in the end as periods of undue
excitement and speculative demands;
nevertheless the
Jajtoary
THE CHRONICLR
18M.]
80,
on such prospective
hopes of large traffic returns based
Activity
have been disappointed.
Then there
is
the silver dollar coinage already referred
—
137
Indicates that the road did a
very
Passing to the Western
we
lines,
much
find
better
that
business.
these
report
amount needed to meet current lia$164,228, while in December of the previou«
a surplus beyond the
how confidently everybody had believed that this bilities, of
to
would be diaoontiaued with the advent of the new year there had been a deficiency of $130,761 a differCongress and our financial equilibrium thus restored, and ence in favor of 1885 of $294,989.
Adding this to the
how rudely the speeches delivered in Congress since the $262,971 gain in net on the Eastern lines, we get a
opening of the session have disturbed faith in such a con- gain of $557,960 for the system entire an amount
summation. Our exports of produce, too, which it was surprisingly large. But perhaps December, 1884, had
thought must improve, have not fulfilled expectations, been a particularly bad month ?
It was not a good
—
—
some alarm felt as to the consequences that period, to be sure, yet it was not a very bad period, either.
piling up of huge stocks of these staples In fact, while the Eastern lines then showed a falling
The holders may succeed in off, the Western lines had a better result than in the year
in sight of the whole world.
disposing of their loads without ill results to themselves preceding.
But here are the figures, both for December
or the public, but suppose they should notjiwhat then ? and the full twelve months, for six years past.
In emFinally, the bad weather, has been a drawback.
It is phasizing the gain for December, we need say no more
trne that ice and snow are natural to the season, but at than that the net result on both the Eastern and Western
the same time they entail an expense that would have systems is better than in the same month of any other
been saved had they not appeared.
year since 1879.
Thus the situation does not wear so bright a look as it
lAnea Bast of
188S.
1884.
1883.
188S.
1881.
1880.
PitUbWQ.
did but a short while since, and hence there is not the
Dectmher*
»
f
«
stimulus to the market that there was then.
t
None of the
t
OrosB eamliiKS
4,048,688 3.768.328 3.840,610 4,167.169 3,731.751 3,547,828
drawbacks are such as may not be speedily removed, with Operat'K expenses. 2,687,481 2,673,098 2,857,282 2,972,816 2,528,559 2,421,675
which removal of course the situation would at once be
Net earnings... 1. 389.201 1,096.230 1,183.228 1,184,853 1,203.192 1,126,253
Western lines
+154,228 -130.761 —298,184
-16,984 —91,670 -1-212,490
changed. So the result is that prices keep up a see-saw
Result
965,469
886,094 1,187,869
1,338,743
motion now up, now down which is exasperatingly
Jan. 1 1« Dec. 31.
provoking to those having decided opinions, and profits no Qross earnings
45,815,027 4S,5««,911 51,083,244 49,070,826 44.124,178 41,260,068
Operat'g expenses. 29.479,758 30,527,009 31,747,14330,817,399 26,709,805 24,825,042
one except the professional traders. Whatever the future
Net earnings... 18,135,269 18,039,902 19,338, 101! 18,432.427 17.414.873 16,635,026
may bring forth, it should be remembered that operators Westerniines
—1082,064 -861,898 -r8 12,869 +1894,300 +2648,888+3072,052
for higher prices have easy money in their favor, and furResnlt....
15,053,205 17,178.010 JO, 148.770 30.326,7 27 20.062,71 19.707,078
For the full year the result, of course, owing to the poor
ther that the returns of many Western and Northwestern
and there
may
is
follow the
—
—
1 1
1
roads were so bad in
returns of the early months,
almost certain
The Eastern lines show a loss in net of $1,904,633, as
compared with the previous year, while on the Western
system the deficiency in meeting liabilities has been
increased from $861,892 to $1,082,064. The question will
February last year that they are
be better this year, and this might be
made a further influence in favor of a temporary rise.
Then also the redemption of the called bonUs must cause
a re-investment of funds to that extent.
to
is
of a
different character.
market during the week have be asked, how does this large loss affect the position of
been few. New York & New England has been very strong the road as respects charges and dividends? In an artiand higher, on the rumored prospect of a favorable arrange ticle in the Chronicle last November, when the reduction
ment for lease or consolidation with the New Haven road in the dividend was announced, we undertook to furnish
St. Paul has been influenced by the varying reports with some idea of the outcome for 1885, and made a detailed
reference to the building of the Kansas City extension, analysis of the principal changes that had occurred during
and the effect of this in increasing stock and debt. The the year, and for which allowance must be made in any
extension, it seems, has been definitely determined on
estimate of the year's result.
We have not room here to
Lackawanna has been affected by rumors of an early repeat what we said then, but take from that article the
The
special features of the
arrangement of the coal situation.
been strong.
The bond market has following
embrace
be seen that our
Pennsylvania Railroad has this week issued a return of plan is to take the surplus which remained on the operaearnings and expenses for the month of December, which
tions of the previous year, and diminish it or increase it
in the favorable
results
discloses, is
it
other monthly exhibit that
comment on
showing
it
better
than any
has been our privilege to
long time past.
And the favorable
not confined to the Eastern lines alone, but ex.
is
for a
tends to the Western system as well.
It may be regarded
as evidence of the first really pronounced effects of the
change brought about by the peace compact among the
trunk lines, and is all the more noteworthy that there
must have been a good many time contracts outstanding
on which business went forward at the old and lower
But the road got in
rates.
this
month what it did not have in
the months preceding, namely the benefit from the advance
in passenger rates, and also from the last advance in
freight rates,
in part.
As
which
latter in
the fruit of
November had counted only
we find k gain in gross
all this,
eainings on the Eastern lines in the
sum
of $277,354,
of only
$14,383 in expenses, leaves a gain in net of as
It is very significant that the gain in
as $262,971.
net
thus
is
comparatively large
which being accompanied by an increase
much
the
result
of
brief recapitulation, modified so as to
the later figures
heavier gross receipts, for that
now
at hand.
It will
according as certain items called for
1885.
We
had estimated a gain
lines) for the last
less
or for more in
in net (on the Eastern
quarter of $500,000, and this proves to
have been nearly correct, the actual gain being $416,656.
Surplus in 1881 above all charges and 7 per cent dividends. $1,440,425
Saving of 2 per cent in dividends in 1885
91,821,895
525,000
Saving on trust agreement ol Oct. 9,1878 (saj)
$2,346,895
Loss in net earnings lor year
Increased interest
$1,904,633
180,000
$2,084,633— $2,084,633Surplusfor 1885 above 5 per cent dividends
DeUclency on Western lines for year 1885
Net surplus on entire system
$262,262
$1,702,087
1,082,064
$620,623
Thus the surplus on the Eastern system, which Is always
treated separate and distinct from the Western, is likely to
be larger, in 1885 by about $260,000 on the basis
of 5 per cent dividends than the surplus of 1884 on
The 1885
the basis of the 7 per cent dividends then paid.
surplus, too, would be about $620,000 more than sufficient to take care of the $1,082,064 deficiency on the
Western lines.
THE CHRONICLE.
138
The
[Vol, XLir.
To some extent London reflects the business conditions
from returns collected by us,
of
the old world: but its records are of course mainly
curand
of
gold
shipments
and
following, prepared
shows the week's receipts
rency by the New York banks.
of use for the information
they afford with reference
to-
the business fluctuations in Great Britain; and for the purWtOt enMm Jan. 29,
Net Interior
Movement.
Shipped bv
Reoeived by
T. Bankt. N. Y. Banks.
1888.
If.
Correocy.,
12,016,000
t236.000
Gain..»l,780,000
(2,016,000
t£36,00O
Gain.. 11,780,000
pose of indicating that, we have prepared the following
monthly statement from the daily figures of London
bankers' clearings, as published in the
Sold
Total gold and leaal tenders..
The above shows the actual changes in the bank holdings of gold and currency caused by this movement to and
In addition to that movement the banks
the operations of the Sub-Treasthrough
gained $700,000
Adding
ury and lost $500,000 by exports of gold.
from the
interior.
we have
these items to the above,
the following, which
Clearings.
Januarj
454 ,055,000
483, ,902,000
April
ered by the bank statement to be issued to-day.
May
451 ,562,000
436 ,471,000
453, 998,000
Week
June
Banlu' Interior Movement, as above
Snb-Treasury oper. and gold exp'ts.
12,010,000
«238,000
7,200,000
7,000,000
Gain. $1,780,000
200,000
Gain.
Total gold and legal tenders.
»«,218.000
:»7,23B,000
Gain. »1,980,000
The Bank
.
.
.
July
Net Change in
Bank HoUUnna
Out of Banks.
Weekly
478, ,021,000
433. 333,000
August
September
409, ,858,000
464, 154,001)
October
November
December
452, 429,000
486. 252.000
.
.
1885.
1884.
£
£
513,236,000 75.«69,0C0 92,123,000
485,382,000 74,725,000 77,693,000
498,746,000 80,991,000 75,135,0CO
474,800,000 81,608,000 86,142,000
533,221,000 76,309,000 92,434,000
444,736,00c 73,704.000 73,113,000
511,570,000 75,090,000 82,301,000
450.193,000 68,453,000 70,118,000
454,715.000 71,937,000 74,609,000
495,186,000 71,314,000 82,632,00a
454,166,00c 91,097,000| 78,299,000
452,582,000 93,867.000] 75.734,000
510, 030,000
...
February.
1884
1885.
March
Into Biinla.
"
Slock Ejchange Clear'gs,
inclitded in l/ieforcgoini/.
Total Clearings during
Lonilon
should indicate the total gain to the New York Clearing
House banks of gold and currency for the week cov-
ending Jan. 29, 1886.
London
under the authority of the committee of the Stock Exchange.
Official Intelligence,"
England reports again of £914,748 bulTotal
5,514,071, COO 5,793,553,00( 935,034,000 960,623,000
This represents £433,000 net received
Stated in this way, these figures mark the growing
from abroad and £481,748 from the interior. The Bank
severity of the pressure as the months progressed, worse
of France shows an increase of 4,481,000 francs gold and
in 1885 than in 1884, and apparently culminating in Sep2,371,000 francs silver, and the Bank of Germany since
the last return gained 19,100,000 marks.
The follow- tember, 1885. A somewhat clearer e.xpression of these
ing indicates the amount of bullion in the principal Euro- changes is obtained through a quarterly statement, and
we have therefore in the following thrown the figures into
pean banks this week and at the corresponding
of
lion for the week.
date last
that form.
year.
Jan. 29, larb.
Jan. 28, 1886.
Gold..
Bank of England
Bank of France
Bankof Qermanj*
Total tUe week ...
Total prevloos week
Bold.
Silver.
London
Silver.
22,243,936
21,868,438
46,038.852 43,335.020 39,997,402 41,144,176
17,662,780 15,663,220 12.146,100 15,211,900
.. ..
Stock Exchange Clear'gs,
inclnded in foregoing.
Total Clearings.
Clearings.
85,620,070 58,998.240 74,687.438 56,3.16,076
83,961,626 58,402.821 73.777,873 56,025,272
2d ijuarter
3d quarter
quarter
1685.
1834.
£
£
£
231,585,0(0 245,251,000
231,741,000 251,689,000
213,480,000:227,028,000
256,278,000 236,6.-)5,000
1
5.514,071,00015,798,555,000 935,034,000, 960,623,OCO
Total
* According to recent iuformation received, we olianK© tlie relative
propoitious of gold and sliver lu tlie Bank of Germany. No oUiclal
returns are issued.
1884.
£
l,447,993,00ol 1,327,361,000
1,342,031,000 1,452,757,000
1,321,212,000 1,416,480,000
1,102,835,000 1,401,954,000
let quarter
4tli
1835.
It is interesting to note that the fourth quarter of
188.'>
shows quite a decided recovery, and was the
first quarter in
The Assay Office paid $225,364 through the Sub-Treasury for domestic bullion during the week, and the Assistant which the comparison with 1884 was favorable; but even that
quarter in 1884 was less than any other total given in the
Treasurer received the following from the Custom House.
above table for that year. With regard to the United Slates,
Oonnslitig
Oau.
IT.
Bold.
8.
Ifotet.
Jan. 22
'•
23
"
25.
"
26.
"
"
27.
«333,273
205,970
331,8S2
661,520
489,215
434,530
25
00
34
38
$2,000
1,500
3,000
21
10
1,500
1,500
2,500
$2.456,131 28
*12,000
28
Total.
of—
remembered that the last quarter of 1885(see Chron9, 1886, page 35) was not only an improvement on
its predecessor and on the same period for 1884, but was
better than any quarter for the two years.
The annual
record for London since 1875, reduced to dollars and
compared with the annual New York City figures, makes
it
DuHa.
Oold
Silver Oer-
Oertiflc't.
Hflcates.
$209,000
100,000
136,000
360,000
290,000
242,000
$38,000
47,000
95,000
77.000
60,000
71,000
$713,000 $1,337,000
$388,000
$83,000
57,000
97,000
221,000
137,000
118,000
Included in the above payments were $7,000 in silver
com, chiefly standard dollars.
the following
bankers' clearings in
showing.
This statement brings out the
that in each city, the turning point in the previous
fact
business
expansion was 1881, and that every year since
the contraction has been constant in both countries.
CLEARINGS IN LONDON AND PER CAPITA
CURRENCY.
Though
will be
icle Jan.
Year.
1885....
London never show the
wide differences from year to year which are observable
in New York clearings, the changes are no less significant
of the variations in business activity.
It is weU known,
in a general way, that depression in America has all
along
London
Nerv York
Clearinge.'
Clearings.
Year.
L07idon
Cleai'tngs.*
?28,088,103,840 128,162,201,338 1879....
York
Clearings.
$23,104,286,920 t29,835,678,829
1884....
28,065,006,200
1883....
28,697,105,!)6o! 37,434,300,872
1877....
1882....
30,110,037,040
46,016,955,031
1876....
24,010,451,040
19,594,393.108
1881..
30,768,218,»60
49,376,882,883 1875....
87,330,012,520
22,475,859,339
27,07.'3,79S,840
38,614,448,228
..
1880
80,985,871,170 1878....
New
23,099.893,240
19,858.671,807
82,773,831,080
21,283,278,4?2
counterpart in Europe, and this was no less true
during 1885 than during previous years. What relation
'London clearings are reduced to dollars at tlie rate of $1 84 to tlio
pound sterling.
must caution the reader against taking the above
the one bears to the other
as
found
its
inquire.
We
it is
We
not our present purpose to
only remark in passing, as we have often
done before, that it is this world-wide and
long-continuing
feature which distinguishes the present
depression— a point
which needs to be kept in mind when
one attempts an explanation of it,
•
an indication of the volume of the trade of the two
cities.
sometimes thoughtlessly done, but a moment's
any one that no such conclusion is
It is perhaps a natural error to fall into, but
It is
reflection will satisfy
justified.
business methods are
I
sucli
comparison.
so very dissimilar as to prevent any
In the
first
place
the one single point
January
Exchange
of Stock
them
in
THE CHRONICLE
30, 1886,]
transactions,
if
we could
fully
New York. In this city every stock transaction goes
through the Clearing House, and requires at least two
checks to complete it in London there are as is well
known only two settling days for stocks in a month and
;
then the balances alone are paid.
items deducted, would
these
A
comparison with
be as nearly as
it
can be
The column of stock clearings for
London is made up by giving the total clearings of the
days on which stock settlements are made, and is therefore considerably in excesK of the Stock Exchange business passing through the London Bankers' Clearing House.
stated as
We
deduct
each case, would wipe out the surplus shown at
follows.
put special
just at present
it is
139
emphasis on this
by
far the
Total Clearings.
I
Stock Clearings.
1835
188*
1833
1832
1881
1880
$26,t!88,lU3,(i40
.$4,525,806,&60
28,065,006,200
28,697,105,300
30,110,637,010
30,768,213,900
27,673,793.840
4.649,415,320
5,123,038,520
6,909,233,440
6,695,844,760
8,575,036,280
New York
Tolal Clearings.
1835..
1884..
1883..
1832..
1881..
13S0..
$28,152,201,336
80,985,871,170
37,434.300,872
DoiMe
in
some of our Senators are again making the mistake of
introducing per capita statements of circulation in different countries as if they had an important bearing on the
Such comparisons do not mean anything, for
they leave entirely out of the question this important
discussion.
feature, that is the relative use of
the countries compared.
Mr.
49,376,882,883
38,6l'<,448.223
ilum
the
fact
This only further illustrates
already stated that
Sloclc.
$22,162,297,080
£3,415,590,880
23,573,400,810
24,201,403,600
24,072,369,200
22.098,757,560
checks as currency in
Knox showed
that about
98J per cent of all the deposits of the banks in New York
City and 94 per cent of the deposits in all the banks of the
substitute for cash.
When
we make checks
a general
therefore any one gives a Tpet
comparison between France for instance and
America as a measure of the relative currency wants of
the two countries, his result is wholly misleading and has
in it not a shadow of instruction or relevancy.
capita
Clearings Less
Stool; Sales.
$10,959,719,680
11,879,000,000
12.521,619,922
15,378,906.872
16,335,012,806
13,638.172.108
4t),916,955,03l
Oilier
point, because
remember. A great many speeches are being made
Congress on the currency question, and we see already
to
United States were checks.
Clearingi
London.
last
most important one for ub
^„^;^ gg^^/^ g„i^
$17,192,481,656
19.106.871.170
24.912.680.950
31,538,048.159
33,041,870,077
24,976.270.115
SENATOR EUSTIS'S CONUNDRUM
ANSWERED.
In the foregoing
we have
article,
on clearings in London,
&c.,
out some facts showing the wide use the
United States makes of checks in its daily operations. In
set
York, the above under the head New York nearly 99 per cent of the deposits are in bank
two checks to a transaction, checks, and in the whole country 94 per cent are checks,
whereas if there are two principals and two brokers, each while for the entire country only 81 hundredths of one per
transaction will require three checks
furthermore, it cent are in gold and silver. We have in the same article
With regard
New
to
of Stock Sales, only averages
;
only takes account of the transactions at the
New York
also referred to the difference in this particular in the busi-
ness methods of other countries: that
is to say while we in
our
commercial
transactions
depend
upon
the bank almost
active times probably do not cover over two thirds of
wholly, England alone has adopted a similar system but
the actual sales of bonds and stocks made.
Besides
Stock Exchange,
but
the
recorded
sales
there
in
is
also the
purely speculative business even in her case only in part, the check being mainly used
our mercantile exchanges, which has very there for large transactions. As to France, no great comlittle to correspond with it in London, and though in mercial nation has to so limited an extent utilized th's modthose transactions only balances are paid, yet altogether ern instrument of credit. In fact its banking system throughthat business must make quite an item in the daily out the country is not such as to make its use possible.
there
this,
done
at
all
Now, with this difference in business methods before
what force is there in the only real point Senator Eustions
tis
made
in his late speech
a speech, by the way, which
presents such a difference in business methods as to make
the New Orleans Times- Democrat says " will be recogit impossible to use the clearings at the two
cities for any
comparison of the relative volume of trade at the two " nized as a comprehensive and eloquent presentation of
centres
even taking out the former item in the imperfect " the entire matter, and as fully stating the views of the
Hence this one feature of Stock Exchange operaand speculative sales at our mercantile exchanges
totals.
us,
—
;
maimer in which it
show much smaller
" people of Louisiana on this important question."
We
done above, the past two years
would
remark
in
passing
that
it was this strong endorseclearings remaining for New York
is
ment by a generally careful authority that led us to read
the address; and it was the further fact that the Timeawhich
than for London.
But
we
there
referred
is
to
another
important distinction
very fully a year ago and that
that in Great Britain cash deposits
in
banks
(as
is,
distin-
Democrat stated substantially that the speech could be
taken as the basis of the views of the people of the great
and thriving State of Louisiana on this question of silver
guished from checks) and cash transactions between individuals without the intervention of banks, are far more coinage, which encouraged us to notice this the main point
Mr. Eustis presents that portion of his argument
general than they are in the United States, and especially in it.
so clearly that no one can mistake his meaning.
After
than they are in New York.
"Current accounts,"
remarking that the silver circulation in France is 780
that is accounts to be cheqjjed against without
notice, are
discouraged in England.
Not long since everywhere million dollars (that, by the way, is 180 millions higher
than any French authority ever put it, and to that extent
there, a considerable charge was
made for keeping them,
is obviously an error), he says.
generally a quarter of one per cent.
No charge is made It
Is iDcumbeDt on the opponents of sUTer dollars. If tlie absorption of
in London now on account of the
increasing competition this enormona amount
for business,
and yet any such common use of lanks as
prevails here
of illver can take place witliout any uneaalneea
or disturbance In France (the market valae of Bllver bullion being oomparatlvely the same In France and In this country and tUe metaUlo
is totally unknown there.
In New York a value of the American silyer dollar being equivalent to the French Bvecheck-book records the entire transactions
not only of franc piece) to explain why this same process of absorption could not
occur in this country and produce tbe same .results that are exhibited
merchants, but of individuals as well,
not only those who by the llnancial
policy of France.
pay out large sums but those
also who pay out small
Does not the condition we have already referred to afford
a rule we may say that here almost the explanation
asked for in this extract ? Is it not the
every little household bill is
paid with a check, and all best of reasons (even if there were no other) why the same
tbese go to swell our bank
clearings.;
absorption of specie could not take place in the United
sums.
In
fact, as
THE CHRONICLE.
140
m
currency
States as in France, that the use of checks as
hence the
and
France,
in
vogue here is -wholly unknown
[Vol.
chiefly a feature in the
case of steel
and was the
agreement among
rails,
—the
largely of a special cause
result
XLn.
manufacturers last August to limit the output of rails in
by that instrument here, is filled with silver
1886 to 775,000 tons.
There was no agreement as to
have
we
as
debts,
our
pay
We
France?
and gold in
in price, every manufacturer being at liberty to sell at his
checks;
with
largely
very
article,
previous
in
a
shown
of own figure, but naturally the effect was to raise quotaFrance they are paid almost wholly with specie or bills
As a consequence the channels of tions, and the influence was not long in making itself felt,
the Bank of France.
commerce require or absorb both silver and gold and from then to the end of the year the advance was
the daily steady and continuous. Thus against $27 00 at the opening
there, because it is needed, is employed in
kept m of the year, and $26 00 in April, (Mr. Swank states that
thereby
is
and
transactions between the people,
every some sales were reported as low as $25 50), manufacturers
in
if
(even
amount
smaller
much
Here a
active use.
was were able to realize for their product at the close
countries
two
of
the
currency
the
other particular
place
we
fill
would be excessive and redundant, and therefore
the time accumulating in the banks and returning to
alike)
all
—commerce
year as
of the
While
much
as
$35,
which price was
freely
however, that without a combination among the manufacturers no such rise in price as
bid.
it is clear,
having comparatively little
occupation or employment for it furthermore our system actually occurred would have been possible, it is also clear
that that circumstance alone does not account for the
of banks, extending as it does into almost every section
rise.
in
There was a contemporaneous increase in the
condition
the
unlike
of the country, so positively
demand,
caused in part by the fear that the action of the
in
effective
most
checks
of
feature
France, makes this
the Sub-Treasury
;
manufacturers would have the very effect
it did have
Buyers who had held off and
ence in the needs for gold and silver in the two countries, delayed their purchases, rushed in to have their orders
which we are surprised Senator Eustis should have over- filled, while at the same time the adjustment of the railIt covers & peculiarity in our currency so road troubles and the revival of confidence in railroad
looked.
obviously interfering with the power to "absorb silver" property that this brought with it, added greatly to the
that one would call the omission an intention to mislead ordinary normal demand. This growth in the demand, com-
discouraging the use of silver as currency.
But this is not all, for there is also another wide
difier-
greatly advance prices.
more ignorant among his constituents, if one did not bined with the temptation offered by the high price ruling,
know that the Senator would not stoop to such a trick. induced manufacturers in December to extend the limit
Of course every reader is aware that we refer to the paper of production for 1886 from 775,000 tons to 1,000,000
currency of the two countries, so utterly unlike in the very tons.
In the case of pig iron there was no such special influparticular which would more than all others affect the
In France, out of a bank note cir- ence at work, and as the figures with regard to this departcapacity to use silver.
culation of about 635 million dollars, there is only about ment of the trade are the only ones yet published by
1 million dollars of it of a denomination under 10 dollars, the Iron
and Steel Association, we may confine ourand only 62 million dollars of the denomination of 10 dol- selves more particularly to that branch of the subject.
lars; the whole of the remainder is made up of 20 dollar The changes there certainly have more significance, since
bills and upwards.
In this country, taking the bank and the department is a more extensive one, and it is iron,
the
legal tender currency together,
about 55 milhons, the
Lhe ones and twos reach
about 163
rather than steel
rails,
that
is
taken as the barometer of
and the our industries.
In the matter of price, manufacturers of
tens about 181 millions more, or about 218 millions of pig iron hardly have much reason for rejoicing, for, as we
fives and under and about 400 millions of 10 dollars and shall show below, the gain has been very slight, but as
fives
millions,
under, without counting silver certificates.
So that where regards an increase of production and of consumption the
France has outstanding 63 millions of bills of ten dollars situation has been much more encouraging. The total outand under (with 1 million only of fives and under) we have put for the twelve months, according to Mr, Swank, was
400 millions of the same denominations, only ours are more 4,529,869 tons, or only 60,000 tons less than in 1884.
than half of them fives and under.
What the production has been in other years, and how
In the light of these
facts, so notorious too, is it not it was distributed in each year between furnaces using the
Mr. Eustis should, with such apparent different kinds of fuel anthracite coal, bituminous coal
innocence, have asked why we could not absorb silver as and charcoal
is shown in the following.
France absorbs it ? At all events his constituents will
YEARLY PRODUCTION OF PIG IRON, ACCORDING TO FUEL USED.
never be at a loss how to solve the riddle which has
puzzled their Senator so greatly.
AnihraCharJiitumi-
surprising
—
that
—
Toru of 2.000
COURSE OF PIG IRON PRODUCTION,
ETC.
In view of the prominent place that the iron industry
has occupied in the revival of trade and renewal of
confidence that has been in progress since last July,
any
figures bearing upon the course and condition
of that
industry are invested with particular interest.
The Iron
and Steel Association at Philadelphia has this week
issued some statistics relating to the year 1885
which,when
taken in connection with similar statements for
previous
years, furnish very useful and instructive
comparisons.
The improvement
in the trade did not begin
1871
1872
1S7S
lbs.
cite.
930 000
956 60S
1S70
,
.«
1,369 812
1,312,754
1,202.144
908,046
794,578
934,797
1,092.870
1879
1,273,024
1880..
1,807,651
1881
1882
1883
1884
1885
1,734,462
2,042,188
1,885,586
1,586,453
1,454,390
coal.
385,000
385,000
500,587
677.620
576.567
410,900
308,840
317,843
293.390
358,878
637,558
638,838
807,906
571.728
468,418
399,844
nous.
570,000
570.000
964,150
077,901
010,712
047,515
990,000
1,061,045
Total.
1,885,000
1,911,608
2,854,658
2,868,278
2,689,413
2,266,581
2,093,236
2,314,685
1,191,002
2,577,361
1,438,978
3.070,876
1,950,206
2,261,264
4,641,564
2,488,078
5,178,122
2,689,650
5,146,972
2,544,742
4,689,613
2,675,685
4,529,869
4,205,414
That is not a bad showing as it stands. But to get at the
measure of the improvement that took place in 1 885, we
last quarter did it become really
perceptible.
It was, must take the first and second half of that year separately.
however, an improvement that operated in a
double wayi In the first half the production was only 2,150,816 tons, or
first in advancing prices
and then in increasing the 116,215 tons less than in the same period of 1884, and
deaand. As regards the advance in prices,
that was i even on this reduced production stocks on hand ran up
the close of the
first
half of the
year—in
till
fact not
after
till
the
full
Jamuaky
THE (JHRONICLR
80, 1886.]
from 593,000 tons on January
I
but
;
2,379,053 tons,
at the
same time the stock on hand was reduced from
692,916 tons to 416,512 tons.
striking change has taken place
A
said, slightly
when
kind of
the
in
1885
production for
Tlie total
fuel used.
1883,
tons on July
to 692,916
1
second half production was as much as
or 56,tGl tons more than in 1884, while
the
in
as already
is,
below 1S84, and decidedly below
1882 and
was respectively 5,178,000 and 5,146,000
it
and yet the iron made with bituminous coal or coke
only a trifle smaller than the largest ever made with
tons,
is
141
Thus while there were decidedly more furnaces in blast
and bituminous kind at the end of 1885
of the anthracite
than at the end of 1884, of those burning charcoal there
60, against 66 in 1884, 84 in 1883, and 129 in
1882 that is to say, in three years the number in
were only
—
has diminished
blast
The
over onehalf,
from 129
to
60.
furnaces in and out of blast was
at the end of 1885, against 252 at the end of
total of the charcoal
only 181
There was also some dismantling of anthracite
1882.
and bituminous furnaces, but relatively and absolutely
much
very
less
than in the case of the charcoal furnaces.
was 2,675,635
Of the anthracite there are now 208 in and out of blast,
tons (out of a total production of 4,529,869 tons), against against 225 at the end of 1882, a decline of 17; of bitum2,544,742 tons in 1884 and 2,689,650 tons in 1883, which inous there are now 202, against 210 at the end of 1882,
This indicates a decided and 221 at the end of 1883, there having been in the latlatter is the largest on record.
preference for bituminous coal (very likely because of its ter year an increase in the number of that kind of fursmaller cost) in the manufacture of pig iron, and shows naces.
The above table also reveals some other features of
that in recent years this class of coal has been steadily
The amount produced with interest. In the number of furnaces in blast, for instance, we
supplanting anthracite.
The product
that species of fuel.
for 1885
anthracite was only 1,454,390 tons, against 1,586,453 tons
in 1884, 1,885,596
1883, and
tons in
2,042,138
tons in
improvement in the trade
The charcoal furnaces we have already
are able to see the extent of the
over a year ago.
1882,
This, however, indicates only in part the extent to noted make an unfavorable showing.
Of the anthracite
which anthracite has fallen into disfavor. Under the there are 21 more in blast than a year ago, but 13 less
head of anthracite is included all iron in the manufacture than at the end of 1883. Of the bituminous, on the other
of which anthracite is used in whole or in part, and in the hand, there are more than at the end of both years.
The
bituminous also make the best comparison as regards the
becom- proportion of the whole number of the kind at work.
ing more and more popular, so that the iron made with Only 91 out of 202 are out of blast, while of anthracite
this mixed fuel is forming a greater and greater propor- 103 out of 208 are out of work.
Of the charcoal furnaces
Thus in 1885 only no less than 121 out of 181 are idle.
tion of that classed as anthracite.
277,913 tons out of the total of 1,454,390 tons was made
One reason for the relatively better exhibit made by
iron-producing sections
regions the
anthracite
the
of
admixture of bituminous coke with the hard coal
is
Looking back to 1883 we find that the bituminous-using furnaces, is that the manufacture of
was produced iron is increasing in many sections of the country
with pure anthracite.
It does not follow from this that
previously undeveloped, and particularly in the South,
with any noteworthy enlargement of production the quan- where only bituminous coal is produced. The coal is
tity of anthracite iron would not again increase, and we cheap, is close at hand, and the mills have a decided
with anthracite alone.
in that year 965,454 tons (out of 1,885,596)
note that during 1885 almost as
went into
blast as bituminous,
many
anthracite furnaces
but the latter (judging from
the figures) certainly seem to have a decided advantage,
and
this
advantage, from present appearances, they are
advantage over those in some of the older and
localities
—
particularly
less
favored
when it comes to supplying local
way many States have risen into
demands, and in this
prominence that formerly had no standing as iron pro-
ducers, while some of the older States have suffered in
But the use of charcoal apparently is also on the wane. consequence. In the following we undertake to show
Only 399,844 tons of pig iron were produced with that kind the production for six years past in eight of the principal
likely to maintain.
of fuel in
1885, against 458,418 tons in 1884, 571,726
tons in 1883 and 697,906 tons in 1882.
producing States.
Moreover, we are
PRODUCTIOJt OF PIO IRON BY STATES.
informed that 232,352 tons or over one-half of the 416,512
tons total stock of pig iron on
hand December
31,
was char-
coal iron, and this taken in connection with the small pro.
duction would seem to indicate either that this kind of
iron is not in special demand, or that its price is a bar to
its free
Michigan
use.
is
the
State
that
has hitherto
Tom of
1885.
1880.
1884.
1883.
1882.
1881.
2,445.490
2,385,402
2.638,891
2,449,256
2,190,788
2,083,121
553.963
160.157
327.977
143.121
227,433
163,782
679,643
331,964
237,657
173,185
172,465
152,907
133.963
626,297
698,900
416,156
360,407
210.195
112,786
710,546
369,519
251,781
187,018
674,207
395,381
150,566
98.081
87,781
137,602
83,711
87,406
846,736
667,113
239,486
327,568
172.834
189,661
157,483
134,597
415,466
705,110
672,691
77.190
29.984
70,873
659,748
4,529.869
4,589.613
5,146.972
5.178.122
4,641,564
4J896,414
2.000 «w.
Pennsylvania
Ohio
New Tort
Illinois
Michigan
Virginia
154,424
manufactured the largest amount of charcoal iron, producing in fact in most years no other.
Further evidence
that the product of the charcoal furnaces is not selling as
Tennessee
it formerly did, is furnished by the number of that kind
of furnaces that have been permanently put out of blast.
It will here be seen that Pennsylvania, though she is
not up to her best previous record, has maintained her
production pretty well, and of course she leads all other
The
statistics of
85 furnaces of
As
show
that
kinds were dismantled during 1885, and
than 49 appear to have been charcoal con.
of these no less
suming.
the Iron and Steel Association
all
bearing on that point, here
is
a statement of
F0BKACE8 IV AVD OUT OF BLAST.
rumatu.
In
t>(iut.
D<«mi«-31,'83. December
Sl.'82.
Out
Out
In
0/
Tot.
Tot,
0/
M(Ut.
tlant.
Ma«t.
W<Mrt.
31,'S4.:
Out
0/
Tot.
Kmt.
DecemlKrSl.'SS.
In
KmI.
I
Out
210
Anthrnclt*
161
83
64
Charcoal...
129
128
252
105
118
84
417
270
6»7
307
.
Totnl
116
104
156
876
~m ~m
222
240
B.S3
I
184
135
84
66
161
220
219
230
236
4.'i3
669
Ill
105
60
276
States
by a very
large
amount.
favorable a showing, but
that
we
find a decidedly
it is
not
Ohio does not make so
till
we reach New York
Against 416,-
bad comparison.
TbI.
Woet.
91
103
20-3
208
It is a signifi-
were produced in 1885 only 160,157
tons.
cant fact that the greater part of the
New York
always been manufactured with anthracite as
inois,
1
BltuminoV 127
Total
156 tons produced by the Empire State in 1882, there
the furnaces in and out of blast for four years.
Dtcembtr
161,199
using bituminous coal (anthracite
is
iron
fuel.
has
Ill-
in use in the
manufacture of pig iron in only five States, namely. New
York, New Jersey, Pennsylvania, Maryland and Massa-
though not yet back again
to its figure of 1882,
121
181
chusetts),
315
afi\
appears to be steadily gaining ground, while on the other
THE CHRONICLE.
142
hand Michigan, with charcoal as fuel, is dropping behind.
The most striking feature of the table, however, is the
great progress that the Southern States are making.
Alabama, Virginia and Tennessee all have larger aggregates than ever before, and in the case of the first two the
[Vol. XLII.
TH£ POST-OFFICE.
Although the American
Post-office does not
our citizens such a variety of service as
perform for
undertaken by
the postal departments of many countries of the Old World,
is
it is nevertheless the department of the Government with
which the largest number of people must deal, and that
yea^,
year
by
gain has been constant and uninterrupted
with which they have to do most frequently. It is pleasthan
aggregate
larger
a
each succeeding year exhibiting
ant to be able to say that not only the chief officers of the
the year preceding.
department at Washington, but the subordinates throughAs regards stocks of pig iron, we have already
out the country, now fully appreciate the fact that they are
stated above that the total at the end of 1885 had been
not
the rulers but the servants of the public, administering
diminished to 416,512 tons from 692,916 tons in the
an
institution organized for popular convenience, the
middle of the year July 1. For the purpose of showing
object
of which is best to be accomplished by the most
the
the same item in other recent years, we have prepared
prompt,
polite and obliging service, under laws and rules
while
that
subjoined table, from which it will be noticed
which
are always to be interpreted in a sense most favorend
of
the
than
at
less
the aggregate is considerably
able to those who are its customers.
It was not always
1884 or 1883, and also less than in 1882, it is very
—
either
end of 1881 and 1879, when the so. There are men still living who have been post-masters-general who delighted, when dressed in a little brief
stock was respectively only 210,896 tons and 141,673
tons.
But it is to be remembered that the comparison authority, to construe the laws in such a way as not only
As said above, however, to exasperate the public, but to limit, and even to proof pig iron.
covers all kinds
hibit, certain classes of business for which the law excharcoal iron forms an unusually large proportion of the
whole this time. The stock of anthracite at the end of pressly provided. Except that there is still no assurance
1885 was only 68,178 toes, and of bituminous 115,982 that a faithful and agreeable postal officer will be retained
much more than
at the
Of course these
tons.
figures
embrace only stocks
in
makers' hands, and not those held by consumers or other
parties.
STOCK OF PIG IRON
MAKERS' HANDS AT ESD OF VEAK.
in the service, or that
community
one who
is
not to the liking of a
be removed, the personnel and the administration of this department leave little to be desired.
will
The present
the department is extremely
from a generation ago that the
Year.
2,000 lbs. Tear.
3,000 lis. Ymr.
3,000 Itm.
ordinary postage on letters weighing less than half an
1875
760,907
1879
141,673
1883
ounce was fixed at three cents but even then the rate of
1876
1880
886,798
450,657
1884 ....
593,0J0
1S77
1881
843,351
210,890
1835
postage to California was ten cents. Then came the
1878
1882
573,597
439,694
establishment of the entirely uniform rate of three cents,
"With reference to prices it is customary to take merely
and this rate was maintained until two years ago. During
the average price for the year, but we give below, in
this time, however, a great change was made in the rate
addition, the range, and the opening and closing prices as
upon periodicals regularly mailed by publishers to subwell, which will afford a better idea of the course of
scribers.
From a variable annual sum payable by
values.
The average alone is often misleading. Thus
receivers of newspapers and magazines, a change was
the average for 1880 was $7 a ton higher than that of
made to the system of payment in bulk by the senders at
1879, from which it might appear that the course of prices
two cents a pound. During the period when Southern
had been upward in 1880, whereas in fact it was
mail service was suspended or rather when it was
decidedly downward, being $40 in January and $25
in
other hands
the department was for a year or
in December of that year.
Annexed is the yearly
two self-sustaining.
After reconstruction there was
record since 1870 of No. 1 anthracite foundry pig in
again a deficiency, which continued, having been caused
IN"
Tom of
Tons of
nma of
situation of
It is not far
interesting.
;
—
—
Philadelphia.
KANGE OF AVERAGE MONTHLY PRICES FOR PIG IRON (NO.
AT PHILADELPHIA) FOR SIXTEEN YEARS.
Tom
of
e.HO
Lbs.
Opening.
1870.,
»8«M
1871..
SOJ^
ISTO..
187S..
37
451-6
33
8S2-3
1870..
23-4
18T8
.
1874..
1877..
1878..
187»..
18S0..
1881..
1883
1883..
18S4..
IStB;.
30«
ISH
17H
40
23
36
25
20}^
18
Highest.
»36XJan.
37H Nov.
83% Sept.
iSH Mch.
33
27
Jan.
Moh.
23«Jan.
ANTHRACITE,
Lotvest.
ising.
»31j7De~
30JiJaQ.
37 Jan.
33J^ Deo.
24 Deo.
2SJaDec.
21k Deo.
18
Aug.
l^Jao.
16J^
Not.
Average.
'
service,
recklessness
and fraud
in
the
until three or four years ago.
As
35Ji
au
24
30M
23«
21M
25J^
22'4
18
17
im
80H
21hi
2814
175^
33
36H Oct.
25ii April.
2SH
2S
25H
25M
31
31
2238
ISM
19«
17M Jan.
24
June.
June.
June.
18!^ Deo.
17^ June.
old-time policy, different from
that of Great Britain and
$33>^
S7M
47H
33«
30)i Deo.
41 Feb.
26 Moh.
MH Oct.
" star route
soon as there was a surplus Congress acted upon the
205iiJan.
Jan.
20>iJan.
by
partly or increased
1
25
28
18
The highest figure ever touched by pig
iron was in
August, 1864, when the price was
$73| per ton—it had
three years previously been down
to below $19.
The
highest price in the period above
(since 1870) was S53X
September, 1872. The lowest price
ever reached
Europe, of giving to the people the
pay
add
two
was
for postage,
instead
the revenue.
full benefit of
all
they
of requiring the Post-office to
Letter postage was
first reduced to
and then the unit of weight
raised from one-half ounce to one ounce.
The rate
upon publishers' mails was reduced by one half to one
to
cents for a single rate
The
cent a pound.
unit of
;
weight for transient printed
matter was raised to four ounces, which
calls for
but one
cent as postage.
We
do not fancy that
of postage reduction
we
in
giving thus briefly the history
are adding anything to
of our readers' knowledge; but
facts in order to call attention to
we wished
the
sum
to present the
one feature of the
exist-
ing system, namely, that postage rates are now as low as
was they will probably be for ten or more years to come.
$16^, November, 1878, from which there was
a rise to There may be slight reductions, to
be sure.
But no one
$SOi in December, 1879, and to $41 two months
after— will expect that letter postage will be reduced to one
February, 1880.
In the latter part of 1884
the cent in the near future, and there is no intermediate step
pnce had got down to $18^ again, and
in 1885 ruled
between that and the present rate. Nor will publishers'
for a time at
$174, from which there was a rise
mails be sent for less than one cent a pound nor will
to $18 25 at the close of
the year—not a very material
more than four ounces of transient matter be transmitted
recovery.
m
;
for one cent.
We
have, then, reached
a halting-place in
JasuaRT
THE CHRONICLE.
80, 1886.
this branch of postal
At
improvement.
this point
we
find
.US
they fancy to be the greater seottrity of the locked box.
two millions in 1883 converted into a On the whole, it is not to be anticipated that there will be
The Post- an irrepressible clamor for large expenditures in extending
deficiency o( about eight millions in 1885.
partly
change
to
the
decrease the carrier system.
this
ascribes
master-General
natural
increase
of
expendi"We have the cheapest postage of any country in the
the
to
partly
and
revenue
of
vastly cheaper than any other in respect to printed
This is true, but it is also true that if postage had world
tures.
not been reduced, and if the usual estimate of eight per matter as low as the lowest upon letten, although the
cent annual increase of receipts had been realized, the average distance a letter travels in this country must be
the surplus of about
—
;
surplus in 183. < would have been three millions, in spile
Consequently, the full eilect of
of increased expenses.
two or three times that in Great Britain, France or Germany. "Where we are deficient, in comparison with Engthe change in postage having now been felt, it may fairly land at least, is in the two matters just referrd to the speed
be presumed that the old rate of increase of receipts will of mail trains, and the lack of a system of delivery to the
be restored, and the deficiency will steadily though slowly person addressed. These improvements will come in due
Further radical improvements, attended with time, probably as soon as we have reached the average
disappear.
increased cost of service, may well be postponed until the per capita letter-sending rate of our Anglo-Saxon sister
net outgo is brought down much lower than it is now. country.
The current
fiscal
year gives the greatest deficiency,
—
we
THJi YEAR'S FOREIGN COMMERCE.
known, for it is estimated at nine millions;
The Bureau of Statistics issued, day before yesterday, its
but if the ordinary growth is experienced, the deficiency
figures of the foreign commerce of the country for the
in 1886-87 will be only seven and a half millions.
As
It is certain that the existing, and long-tobe-continued' month of December, completing the calendar year.
expected,
the
balance
in
our
favor
on
the
merchandise
deficiency in the department will not prevent the consideration, possibly it will not greatly delay the adoption, of movement is much smaller than in the same month of the
certain improvements not in the line of a reduction of previous year, when, however, it was extraordinarily large.
believe, ever
The two most important suggestions of this class Indeed, the balance then was over 49 million dollars, and
and an extension had been exceeded only in December, 1880, when we were
It is a pity that a due at the height of our prosperity, amounting then to 51
of the system of free delivery.
Compared with such a large total, the excess of
regard for economy requires the increase of appropria- milhons.
tions for each of these purposes to be slow and moderate. 22|^ millions now, seems small, and yet it is not only a fair
It would be well if a system of fast mail trains could be balance in itself, but it compares well with that of most
Thus in December, 1883, the balance
established, the first to extend from the eastern line of other recent years.
Maine, by way of Portland, Boston, New York, Philadel- was 21-| millions, in 1882 it was 33^ millions, and in 1881
phia, Baltimore, "Washington, Richmond and Atlanta, to it was only 19j- millions.
rates.
are an extension of the fast mail service
from New York, by way of CinKansas City; a third from New
York, by way of Chicago and Omaha, to San Francisco;
a fourth from Chicago, by way of Cincinnati, Louisville
and Nashville, to New Orleans; and a fifth from Chicago
to Milwaukee and St. Paul.
From these mail arteries,
which would connect every first-class city in the country
with every other, and would pass through every State of
the Union east of the Rocky Mountains, except Vermont,
"West ^"irginia, Florida, Kansas and Texas, the ordinary
New
Orleans; a second
cinnati
and
St.
Louis, to
"With a balance thus in our favor of over 22 millions
on the merchandise movement, and a further balance of
If millions on an e.xcess of silver exports, making 24
millions altogether,
can hardly be claimed that there
it
was any reason inherent in the trade situation for the
high rates of exchange that marked the closing days of
If we allow the customary 10 millions as the
the month.
monthly amount approximately owing by us to outsiders
for interest, freight, &c., we have yet remaining 14 milOf course, it would be
lions apparently unsettled for.
trains could serve all the rest of the country in such a straining the argument to say that we ought to have
way as to save hours, and in some cases days, in the deliv- received that amount of gold to square up accounts the
ery of letters. The system would unite North to South afEairs of nations are not conducted so that a balance can
and East to "West. It cannot be doubted that such a be struck at any moment, and the difference paid over
scheme will be adopted within a few years. Of course it but at least it is clear that the derangement of our
—
onght not to be established at the expense of a large exchange market owes its origin to some other cause
direct appropriation for deficiency in the postal revenues, than the state of the export trade, unsatisfactory though
but commerce will be greatly benefitted
extension of fast mail
facilities
when
the large
which the times demand
can safely be granted.
This is a much more important matter than
increase
in
the
other countries
the mail
of
of business.
number
the
post
at
are only
eighty places in the United
delivery
is
oflSces.
may
be.
What
that cause
well to need to be told.
From
is,
our readers know too
the trade figures alone
it
might be judged that exchange had all the time ruled
the in our favor, for we imported $5,617,706 of gold and
In exported only $1,789,614, but this import was a special
or his place
movement of Spanish coin, influenced by special causes,
as we explained at the time, and the gold will go out
about one hundred and
again as soon as the conditions prevail in anticipation of
undertakes
office
every person
There
free
of
that
his
home
to
deliver
which it was directed hither.
Turning now to the figures for the year, we find that
anywhere a pressing
demand for this service, and it is nowhere felt as a hard- notwithstanding the great decline in our exports, the excees
ship when ttie privilege of free delivery is withheld. of the latter over the imports is still very large, amounting
Americans have their own peculiar system of box-delivery, to over 101^ million dollars. In 1884 the excess had been
and like it. Indeed, it is a very common thing to find 120 millions, in 1883 108 millions, in 1882 (after the crop
Oddly enough there
is
States where
this is
done.
scarcely
men who not only oppose the introduction of the carrier
•ystem in their own cities, but who refuse to allow a car-
disaster
of 1881)
only 15 millions, but in 1881 163 milThe balance was so
lions and in 1880 nearly 193 millions.
Nevertheless it is a convenience well maintained, however, only through a steady and large
most people who live at a distance from the Post-office, decline .in the imports, which for 1885 were 42 millions be.
and in fact to all except business men who prefer what low 1384, 100 miUions below 1883, and 165 millions below
rier to deliver their mail.
to
THE CHRONICLE.
144
1882, when they were
had declined before
at their highest.
this,
—
in
fact
Exports, though,
so
much
that
in
1882, when, as already said, imports reached their maxi-
mum
the exports was
figure, the total of
122
fact,
figures.
SILVER.
Ut Qmtrter. 2d
1885.
Exports....
Imports
does not cover the other point of the
suffered heavily,
and are
still
—
illustration, note
that in
1885 the aggregate of imports
and exports was only about 1,276 millions, while in 1882
it had been over 1,520 millions, in 1881 1,503 millions, and
in 1880 1,586 millions.
Here is a contraction in five
years of 310 millions in
Full Tear
7,864,948
S,«83,066
3,480,081
t
8,673,184
5,678,698
-+3,921,893
+5,433,670
+-2,994,491
+-8,159,247
+-16,609,301
t
7,838,669
4,679,412
33,280,542
17,771,241
5.820.599
3,242,964
3,124,322
8,689,855
3.457.620
8,295,079
5,679,871
15,504,777
Balance..,
+-3,615,261
+-2,896,277
+-6,232,236
+-2,616,208
+-14,058,971
5,432,601
2,521,932
6,531,604
8,837,21
6,941,008
4,390,442
25,804,670
14,163,357
+-2,010,669
+-2,694,387
+-2,650,566
+-11,661,313
29,563,748
1883.
.
..
Imports
Balance...
18S2.
Exports...
5,260,722
4,158,946
4.501.776
1,785,740
2,483,101
1.654,669
3,395,612
3,174,875
17,317,055
Imports
+3,474,982
+-1,675,846
+-2,847,106
+-280,737
+-8,218,670
17,068.274
Balance...
9,098,385
1881.
Exports....
4,472,2'
6,181,072
3,568,000
3,841,931
Imports....
2,713,471
2,055,679
1,986,938
1,889,557
8,695,646
Balance..
+-1,768,800
+-3,126,393
+-1,581,062
+2,002,374
+-8,467,629
Exports....
Imports....
3,165,211
2,639,859
2,758,884
1,664,193
2,326,028
5,524,179
3,447,065
12,983,442
11,631,025
Balance...
+-68,108
+-2,077,114
+-1.852,417
the value of our foreign trade,
which contraction has been felt in every branch and
department of business. We now annex a statement ot
our imports and exports during the last six years, arranged
t
8,913.751
6,758,215
Exports.
—
Sd Quarter. Ath Quarter
Qiuirter.
1884.
we have suffered, and
suffering. With our exports
and imports both declining that of the imports in a measure forced by that of the exports the total trade done by
the United States has undergone very great diminution. In
$
Exports....
Imports....
In this latter particular
vailing.
. . .
Balance...
extent of our foreign trade, which measures the amount of
business done and the coincident activity or inactivity pre-
XLH.
duction of the metal has in like manner increased, so
that
we had a larger amount to get rid of.
Following are the
millions
below that for 1880. The balance remaining to us on the
merchandise movement, however, while showing the state
of our relations with other nations, which of course is a
very important
[Vol.
1880.
8,097,103
for convenience in periods of quarters.
MERCHAHBISE.
1st
Quarter. 2d Quarter,
18S5.
Ist Quarter.
3d Quarter. 4th Quarter.
(
Szports
Imports
185,871,272
137.225,149
Balance....
150,464,570
188,215,973
214,294,741
888,846,556
143,797,000
150,224,883
156,904,474
587,651,506
-K8,646,12S
-f6,667,S70
-12,008,910
191,446.687
170,284,354
152,066,628
162,472,826
164,045,606
157,147,447
-t-ai,162,388
-10,406,498
Exports
Imports
224,887,312
174,052,319
Balance
-t^S0,834,993
-f57,990,287 -1-101,295,050
SiJ
Quarter.
t
3,915,830
3,293,982
1,840,455
Imports
6,719,485
1,577,081
4,308.435
ith Quarter.
.?
t
2,367,104
12,037,875
Full Tear.
11,416,847
23,642,828
Balance.. Imp. 1,804,249 Exp. 1,716,031 Imp. 2,467.980 Imp. 9,670,681 Impl2,223,&79
1884.
1S84.
Exports
Imports
Balance....
241,808,407
139,357,733
749,368,428
629,261,860
Exports..
Imports..
15,789,058
23,800,494
412,075
866,610
1,850,918
6,711,559
6,519,079
12,876,105
40.948,246
27,997,657
-1-6,898,059 -fl02,450,674 1-120,104,568
Balance.. Expl3,938,140 Expl7,178,935 Imp.6,10 7.000 Impl2,018,480 Uxpl2,900,58»
173,320,910
168,738.885
228,219,009
795,166,116
178,072,884
166,736,075
168,205,938
Exports..
Imports..
687,066.218
1,751,974
-(-2,008,810
1883.
18S3.
-1-60,018,071 +108,099,900
1.063,895
4.845.509
Balance.. Imp. 8,781,614
3.582.470
429,638
2,941.612
4.640,380
972,867
9,628.460
6,048.770
22.055,981
Exp.640,868 Imp. 4,210,842 Imp. 8,855,593 lmpl«,007,191
188-2.
1882.
Exports
Imports
184.141,491)
158,209,310
180,147,861
197,400,846
194,932,898
245,483,619
176,122,818
767,981,946
184.386,951
-245,495
—39,191,535
-14,785,337
-i-69.360,706
+15,138,439
226,881,563
198,476,073
193,039.712
215,151,779
833,549,127
153,753,525
173,604,145
169,867,774
172,984,004
670,209,448
-^73,128,038
-f-24,871,92S
-h23,171,tf38
204.804,393
208,959,3111
209,434,122
267,585,588
181,742,520
190,757,898
166,788.696
148,508,262
-h8,601,621
-f 42.835,426)
Balance...
752,843,507
E.xport8..
imports..
10,562,452
2,442.431
21,204,104
1,013,069
6,621,483
1,722,879
338.040
38,721.079
8,224,149
18,402,528
Balance.. Exp. 6,120.021 Exp20,19].035 Exp. 4,898,804 Imp. 7,891,109 Exp25,318,551
1881.
1881.
Exports
Imports
Balance..
-H2,187,775 +183,839,679
1880.
Exports..
Imports..
462,580
12.487,154
1.319,639
16,989,912
439.175
382,149
2.603,543
16,S88,681»
14,082,869
00,398,820
Balance.. Impl2,024,S74 Impl5,670,278 Impie,399,514 Impl3,700,716 lmp67,796,077
1880.
Exports
Imports
Balance....
This Statement
by quarters
889,693,422
696,807,178
+119,077,326 +192,873.246
very interesting.
For
see that in 1885 only 58 millions
of the 101
millions balance for the year was made
in the last quarterin 1884, however, nearly 102^ out of
120 millions was so
made in that quarter. It appears, too,
that
instance,
2d Quarter.
188.'!.
Exports..
Exports..
1,641,496
Iraport.s..
2,152,221
Balance..
Imp.810,725
As
is
we
T37.05C
938.284
833.709
649.204
3,081.45B
28.236,718
42,317,476
73,644,693
Imp.201.234 Imp28,003,009 Imp41,768.271 Imp70,683,23»
regards the merchandise exports,
stated that the aggregate of
these
we have
already
diminished from 889
millions in the year 1880 to 688 millions in the year 1885.
Everybody knows that prices of our leading staples have
aU
declined, and that at the same time we are sending out
this last
quarter is almost invariably the best
and heaviest quarter greatly diminished quantities, but we think many will be
of the year, and usually contributes
a large proportion of surprised to find that the whole of the 200 millions falling
the year's total balance-back
in 1880, for example
the off in the exports, and more too, occurs in the three prinamount contributed was 119 millions,
out of 192f millions cipal staples, breadstuffs, provisions and cotton.
Here is
It would seem also as if the
result in that period offered the proof.
some guide to the result in the first
two quarters of the
1886.
year foUowing-that is, if there is
a heavy balance in the
last three months of a given
year, there is likely to
184,040,976 S21,5S3,089Ja24,678,602 224,640,C9ll222,lS6,337 239,311,318
be also Cotton
a heavy balance in the first half
Br'dst'ff^.&c 129,767,260 147,813,403:172,692,180 182,678,865,224,124.832 275,936,869
of the year next succeedPr'vls'ns, Ac 98,713,020 96.440,1421114,228.956 96,93«,423jl83,332,417 143,882,570
ing which seems natural enough,
for such balance is gen- Petrol'm.&c 49,214,281 49,108,5111 47.761,826 44,623,074' 48,550,103 34,505,645
erally the result of a good
ToUl
466,726.536 514,964,l45]559.361,a64 648,876,453 638,149,689
production and a good
for the same.
wops
demand
Still, this
not always the case, as
short
are sometimes marketed
very early or large crops
Oth. articles 232,121,020 234,402,283 236.804,752 219,105,493 2(»,399.438 196.047,086
is
Tot. exp'rts 688,846,556 749,366.428'795,ie6,116l7e7,981,946 833,549.127 889.683.428
as
Thus the item of cotton alone has fallen off 37| millions
compared with 1884, and 55 millions as compared with
In connection with the
merchandise figures by quarters, 1880. This is merely the result of a depreciation in
be interesting to have also
the gold and silver price, some persons will imagine. No, it is the result also
movement in the same form, and
accordingly we give of a falling off in the quantity sent out, as the following
the statement below for
each metalseparately
regards statement of the yearly exports will show.
rear.
'"' '^' '^'^'''' ^° '"^''' y«*r«
Pounds.
rounds.
Tear.
3^ould 1880
^IrL.^"!^"'""^
2,015,.538,218 1883
2.142.396,419
attract attention, it
should be remembered that
1881
2,081.8.57.633
1,963.415,938
1884
our
It will
L
pro-
1882
1,992,386,750
1885
1,770,740.906
JAKUAKT
Of
THE CHRONICLE.
80, 1836. J
course, however, the
heaviest falling off in exports
value of the shipments
is in the item of breadstuffs, the
million dollars against
only
J
of which in 1885 was
129
provisions have also
But
1880.
in
nearly 276 millions
— from 143 millions
145
The following statement baa
customs
by
districts,
It period.
to 93 millions.
on the other hand the exports
CUSTOMS DIS- DBCCMBEB, 188S.
TUICTTS AND
of petroleum are about 15 millions greater than in 1880,
POHTa.
"
and that the value of the shipments of " other articles has
Importi. Exports.
gone down heavily
also been issued, showing,
the valuen of raerch&ndise inv
portcMl into, and exported from, the Unite<l States during th«
month of Dec, 1685, and during the twelve months ended
with Dec. in both 188.5 and 1884; also the total stock of gooda
remaining in the United States warehousea at the end of tba
principal
XrOBTH.
is interesting to note that
ISnumtlU
Dec.
mMnt
li
Dtc. 81.
31.
1888.
18S4.
1886.
months sndina
1SS4.
I
improved over 36 million dollars
in the five years.
nalUniore.Md.
IMPORTS AND EXPORTS FOR DEC. AND FOR
THE SIX AND TWELVE MONTHS ENDING
WITH DECEMBER IN 1885 AND 1884.
The Bureau of
Statistics has, as said above, issued its de-
commerce of the country for
months ended with Demonths from July 1 to December 31, 1885.
tailed statement of the foreign
the
month
of December, the twelve
Boston. Mus..
Bjna.i
1.817,796
Haniinr. Me...
llesufort. a. C.
82.7M
I
4,81 ,e«e
11.193,096
708,101
87,199
58,676,800
69,744,906
437,924
8,600
5.300,768
3,46S,88«
660,886
6,096,167
8.686.160
616,888
84,748,864
188,878
1,0644170
64,681,679
Bruoi de San
tIaKO, Texas.
Brunawick.Ga.
BuflkloCk.N.Y
Champrn.N.y
—
Chsrlest'n, 8.C
Chicago.
Ill
sn.zos
1,013
442,171
8S,88«
10H,9'^e
6311.486
Mich
Uuluth, Minn.
OaWest'n.Ter
Huron. Mich..
Koy West, Fla.
198.fS0
1,200
00,630
338,040
Mtnrrs'a.Mlmi
S9,ia0;
DetniTt,
400,640
781
8,106481
iaejW7
1,086,445
2,!«ri.878
631.033
887.047
68.47S
8,000,889
14,977
1,013,286
8,494.686
542,297
680,728
858.068
10,889,844
426,479,980
3,723,967
130,200
102,968
8,114,259
5,970,7a<
818.056
e0,898
cember, and the six
8.4.S4
.150.833
68,426
Mobile, Ala...
New Orrns.La
413.3(17 14,678.741
8,949.087
The statements are decidedly interesting as showing the latest Now
York.N.Y 30.117,818 29,881,045 387,804,310
N.Y..
20M.173
899
8, 173.470
returns of the trade movement for the calendar year 1885, Nliwara.
183..S.W
Ti,',
Norfolk, Vtt...
1,900.»7;
Oreg.
1.5,<t,0S7!
33,IM6
and also for the last six months of that year, since the statis- OroKon.
Oswega'le,N.y
118,3!01
1,820,020
ending
June
fiscal
year
N.Y..
23.41.1
for
the
to
Oswego.
5.470.973
30,
tics are usually made
22,790
576.651
Paasam'dy^e
195.329i
11 1. 203
compare with the regular Government statistics of prior PensaooIa,Fla.
Phlladol'u, Pa.
8,831.0)9 33,804,758 31,990,.S09
peculiar
in
was
respect
year
1885
calendar
1,980,1.56
The
813,384
years.
Portland, Me..
1,462,210
240.913
Rlohmonrt. Va;
354.154
24,382
880,
which were very- Salurla.
177787
to its exports of domestic produce,
Tex..
S2.Siin
7,269
367800
San Fran., Csl. 3,3S4.fi90 3.236.678 34.044,807 34.913.095
disappointing in the last half of the year, and as a conse- Savannah, (Ja.
685,788
513.290
7,563 3.114.211
144.612
5.878.884
5.747,721
Vermont, Vt..
874.995
quence of this, the trade balance in favor of the United States, Willamette.Or
4.30,111
27.707
904.957
288,343
167,212
604.970,
121,466
Wllml'g'n, N.C
85,403
exports
value
of
merchandise
over
in
excess
is
the
that
78,305
9,639
311,9201
120,442
Yorktown, Va.
other cusimports, was only |101, 395,050 for the twelve months ending All
toms districts
7,564,515 10,900375
8,857,546
909,524
.304,980 18,716,286
and ports
Dec. 31, 18*5, while it was 1164,663,436 for the twelve months
51.891.453 74.273.330'587,551,506 629,201,860 088,846,556 749,8<)6.4a8
Totals
(fiscal year) terminating on June 30, 1885. This was a surprise
* Returns for December not received.
to those who had been looking for a large export movement
$26,600,935
in warehouse December 31,1885
ftom the crops of the summer of 1885, and especially in regard Remaining
32,205,918
Kemaiulngiu wiuehouse December 31, 1884
to cotton, as the season had been so favorable for that staple
and the product was known to have been largely in excess of
the previous year.
MERCHANDISE.
ON
BATES OF EXCHANGE AT LONDON
AND
LONDON
AT LATEST DATES.
For the 12
For the
For the 6
month of Months ended Months ended
December.
Dee. 31.
Dec. 31.
$73,086,«.51 $345,470,206 $673,593,120
1885.—Exports— Domestic.
1,206.479
7.040.508
15,253,436
$74,273,330 $352,510,714 $888,846,556
Total
Imports
51,894.453 306,529,357 587,551,506
Ezoess of exports oyer imports $227378,877 $15,981,357i$101,295,050
Excess of imports over exports
1881.—Exports- Domestic
$90,107,676 $398,560,032 $733,768,764
15.597,664
ForelgQ
7,293.88l
1,2 36,479
Total
$91,344,155 $405,853,913, $749,306,128
Imports
42,170,993 296,505,180 629,261,860
Excess of exports over imports $49,173,162!$109,348,733;$120,104,db8
Excess of iDi ports over exports
Foreign
MIQHANaE AT LONDON-Jan.
nmt.
OUr-
15.
Sate.
axoBAwes ok loitdon.
Latest
Time.
Sou.
15 Short.
1206
DaU.
...
1
|
GOLD ASD SILVER—COIN AND BULLION.
1885. -Exports— Oold—Dom.
.
Foreign
Total
Silver- Dom
Foreign.
Total
Total exports
Imports— Gtold
Silver
Total
Excess of exports over imports
Excess of imports over exports
1884.— Exports— Gold- Dom...
Foreign
Total....
Silver— Dom.
Foreign
Total
Total exports
.
Imports-Gold
Silver
Total
Excess of exports over imports
Excess of imports over exports
$8.52.517
$i,«S4,l.b»
937.097
$1,789,614
$1,860,956
1,323,480
$4,207,649
$10,613,922
5,897,921
$16,511,843
$20,719,492
1 ,342,727
$3,203,683
$1,993,297
$5,617,706
1,529,602
$7,147,308
2,154,011
$218,994
1,563
$220,557
$2,608,29 «
1,263,232
$3,871,526
$4,092,083
$2,231. 79.?
1,571.490
$3.803,2HU
$16,346,310
10,358,105
$26,704,415
5,984,923
$1,254,002
14,692
$1,268,694
$10,256,145
6,728.789
$16,984,934
$18,253,628
$19,395,180
9,137,491
$28,532,671
2^8,794
$4,371, (iU
7,045,121
$11,416,847
$21,992,328
11,288,214
$33,280,512
$44,697,389
$23,642,826
17,771,241
$41,414,067
$3,283,322
$35,249,406
5,698,840
$40,^48,246
$18, 132, ".26
11.431.622
$29,563,748
$70,511,994
$27,957,657
15.501.777
$43,462,434
$27,049,560
10,279,043
TOTAL MERCHANDISE AND COIN AND BULLION.
1885.— Exports— Domestic
$75,780,324 $358,968,297'$699,957,174
Foreign
14,261,909,
33,586.771
3,486.30?
Total
$79,266,1)27 $.i73,23il,>.'06 $733,543,945
Imports
59,041,761 333 ,233 ,772; 628,96 5,573
Excess of exports over imports $20,224,866 $J»,996,434i$104,'57'8,372
Excessof Imports over exports
1884.— Exports— Domestic
$92,934,964 $4!0,070,179!$787.150,296
Foreign
2,501,274
14,037,362
32,728,126
Total
$95,436,238 $124,107,541 $810,878,422
Imports
45.974,282 325,037,851 672,721,294
Excess of exports over imports $49,461,956 $99,069,690
$147,154,128
Excess of Imports over exnorts
....
3 mos. 12-3
A.mst«irdam. Sight. 12
Hamburg.. 3 mos. 20-55
fa
«12-3>4
»12-2
920-60
Jan.
Jan.
Jan.
Jan.
15
....
16 Short.
'*
15
i(
1'
20-55 ®20-60
Jan 15
u
**
12-82'«-<»12-87ia Jan. J 5
Vienna
t*
t*
12-82is312'87i» Jan. 15
Trieste
'*
tt
25-4614 925-50
Jan. 15
Antwerp ..
i*
Jan. 15 3 mos.
St. Petersb'g
233a923'4
Jan. 16 Short.
Paris
Short. 25-21 325-28
Paris
....
....
3 mos. •25-40 9 25-45
25-60 925-65
Genoa
....
*«
Madrid
453894514
Jan. 14 60 days
«*
Cadiz
4536945 J4
....
...
(1
IJsbon
....
51'a931\
.--.
Alexandria
....
Berlin
Frankfort...
t«
2055
92060
.
Constant'ple
Bombay
•
Dom'd
Calcutta
New York...
"
is. 6d.
Is. ed.
Hong Kong.
Shanghai
-15
Jan.
Jan.
Jan.
Jan.
Jan.
....
Tel. frs
*•
X5
15 SOdaye
15 4mo8.
'*
15
......
2039
20S9
80-39
12-70
......
25-44
25-22 J«
46-40
...
Is. saTjad.
Is. 5-'8di.
4-86%
38. 41«d.
4s. 7>>Bd.
FFrom onr own correspondent. ]
London, Saturday, January 16, 1886.
Commercial affairs remain much as they were. We are
still in the attitude of expectancy, anxiously awaiting and
appropriating any crumbs of comfort which may come our
way. Reliance on the future is apparently unshaken, but
before we can enjoy solid satisfaction, current events will
have to wear a little brighter look.
do not seem to have
We
Whilst a good and
the anticipatory stage.
expanding spring trade is calculated upon, immediate requirements are not so numerous nor extensive as was expected
would be the case.
hear of inquiries in all the leading
got beyond
We
centers of commercial industry, but they do not result in the
issue of large orders.
The rail way traffic remains disappoint-
ing even after allowing for the losses through severe weather,
whilst the growing disputes between capital and labor prove
that the condition of trade at the present moment is far from
satisfactory. Another unpromising feature is the continued falling away in the value of money and the difficulty experienced
employment for the accumulating balances. Bills
do not increase, whilst the competition for them becomes
stronger. This of course tell only too truly the real position
in finding
of affairs
an extension of discount business would afford
tangible proofs of greater activity, irrespective of specu;
THE CHRONICLE.
146
such encouraging symptom
tlie Great Powers
can be discerned.
well for the
to Roumania, Servia and;Greeceto disarm, speaks
disturbed
be
shall
not
Europe
of
peace
the
that
determinaUon
influences;
lative
but
no
The
invitation of
4uring the coming spring, and reviving trade will probably,
complications.
therefore, not be interruptod by fresh political
free from all
It wUl be something to know that the way is
-Kndrances of that description to an extension of trade, but
& Abell
Messrs. Pixley
bullion
[Vol. XLII.
write as follows on the state of the
market
Gold— There is no demand for gold, and with the exception of a few
sovereigns sent to Maltii and the River Platte, the arrivals, amountiae
to £87,000, have been sent into the Bank. We have received dnrine
the week «54, 500 from Australia, £27,890 from India, £16,000 from
West Indies, £19,450 from River Plate, £20,000 from New York; total
£137,810. The ).,a Plata takes £5,000 to the River Plate, and the p'
& O steamer £4,800 to the East.
Silver— A further si ight decline in bars since our last circular caused
the price to lie tiuotcd 46 7-16d. There has, however, since been a
recovery, owing in the first place to an order for the English Mint, and
afterwards to a better tone in the Indian exchange:!, caused by the
more favorable news from America as to the prospects of legislation
on the silver question in Congress; and we give as this day's
quotations 46i2d. to 4658d. The arrivals comprise £68,000 from New
York, £62,000 from Chili, £37,000 from West Indies; total, £157,000
whatever progress is made promises to be very slow.
The money market has been in a state of marked quietness.
tenCapital is accumulating, and the demand has rather a
dency to fall off than expand consequently rates are declin- The
;
experienced in finding employment for
jnoney is so very great at the moment that the discount esttablishments have, in consequence, been compelled to reduce
the rates of allowance J^ per cent, giving 3 per cent for de-
The
ing.
difficulty
and 2^4 per cent
posits at call,
if
with notice.
The
joint
stock banks nominally retain their rates at 2^4 to 3 per cent
for deposits at notice. The position of affairs does not favor
the assumptidh that money will speedily become dearer, but
'rather that quotations may be expected to fall away. Al-
ready discount operations in three months" bills have been arranged at 1^4 per cent below the bank rate, although such
-dealings have been somewhat exceptional. The changes in
the Bank of England weekly return were of the usual character at the opening of the year. The position of the establishment has improved. A week ago the proportion of reserve to liabilities was 33'5 per cent, and it is now 36'53 per
P. & O. steamers have taken £136,000 to India.
Mexican Dollars— The Royal Mail and French steamers have arrival
bnnging together about £110,000; the greater pnrtof these oonslirnments had been sold to arrive; the remainder were plaosd to-day at 45 %1
peroz. The P,ifcO. steamer has taken £30,050 to China.
The quotations
for bullion are reported as follows:
GOLD.
SILVER.
I/mdon Standard.
Jidi. 13.
Jan.
London Standard.
6.
Jnr>. 13.
Jan.
6,
'
d.
..
Bar goia, fine.. ,oi. 77 9
Bar gold, contain'g
20dwta. silver. oz. 77 10>^
Span, doubloons. 0£.
8.Am.doubIoon8.oa.
77
».
d.
d.
Bar
9
sliver
oi.
*»%
d.
MM
Barsllver.contaln-
IngSgrs. gold..oz. 47
77 10)^
i
Cake silver
oi. 50 3-18
Mexican dels. ..ox.' 45^
ie^A
60 3-iS
ii-,i
Like the joint stock banks, the railway companies have disappointing balance sheets to present to their shareholders, but
the results so far shown are only about what were expected.
The directors of the London & Brighton company, in their
report referring to the result of the half-year's working, reThe actual increase in the reserve is £845,856. The mark that part of the decrease in the receipts is doubtless
cent.
gain is chiefly on account of the expansion in bullion, the owing to the general election, but the main cause has been
increase on the week being £520,341. The decrease in note that general depression which has affected railway traffic genThe repayment of loans has erally, as well as the returns of the Government revenue and
circulation was £335,515.
caused a falling off of £1,459,000 in the total of other securi- of the Board of Trade. It has been most marked in those
branches of traffic which depend on the money-spending
ties, and the distribution of dividends has reduced public deposits by £834,978. There is a reduction of £535,576 in other power of the community, as the traffic to the watering places
and that of races, excursions and exhibitions. There can be
deposits, but the market is still over-burdened with money.
The stock of bullion is now £20,485,000 and the reserve of no question that the prolonged depression has taught the pubnotes and coin £11,638,000. Compared with a year ago, the lic a lesson in economy. First-class traveling has been exreserve exhibits a decrease of nearly £500,000, and the stock changed by many for second and third class, and other small
savings have been effected. The dividend announcements
of bulUon of about £600,000.
The rates for money have been as follows
have not influenced the market. So far they have been as
under:
:
Open market
Interest alUywed
rates.
for deposits by
Bank
Trade mils.
BilU.
Joint
Three
Four
At 7 to 14
Six
Four
Three
Six
Stock
JfOTlOu Months Months Months Month. Months Banks. OaU. Dais
Dec. 11
••
18
23
'•
81
Jan. 7
"
14
iSa -
2-Xa3
3><84
3
33!^ 3Ha4
&3}i
3 asK 3 a3>* 3 @3^ 3H'9i
25*9
z'm - 3
3St3hi
2«i3i2« 2X*2M 3 (34
3«a- 3\4<Sl3hi 3'4& -
••
3
®-
g,3H 3M®3« ~i)r
3^94 sH-ai 8)^(33
3«94 3?* 34 2«33
SMS4 3H-SH 2«®3
3H»3H 3««1 21ic43
3
3iii4
2>i®3
3i.iS4
1«
3
3H-3;4
3
3
3K-3M
3H
3'4
2« 2«
2M
2«2M
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,
the price of middl ing upland cotton and wheat, and the Bankers
Clearing House return, compared with the three previous years:
_
1886.
Clronlatlon.exoludlng
s,
7-(lay it. otUor bills.. 21,fiOt).530
Publio depo-sitB
4,3L9,5«9
Other deposita
27.344,.587
1885.
Govemm'taeouriUeB. 17,'248,615
Other aeourities
20,S4 ),942
Rea've of notes & coin Il,ti2j,«j22
Coin and bullion in
both departinenta.. 20,483,152
Proport'n of reserve
to liabilities
36-52p. o.
Bank
rate
18*^3.
&
S.
25,153,890 25,626,425
4,797,636
3,611,511
24,951.999 24,180,764
14.454.835 13,075,807
21,255,748 21,477,854
12,096,646 11,377,863
21,101,255 21,500,536
40''8 p. 0.
5 p. 0.
4 p. o
1001], d.
29d. lOd.
4^iad.
Consols
1884.
s,
24,729,1S5
4.819,904
24,664,488
14,603,863
2U.904,698
12,121,770
4038 p. 0.
3 p. 0.
1019, ad.
99i«d.
32s. 7d.
21,254,283
4058
p. <y
o p.
lOlifi
40s, Oil.
Ene. wheat, av. nrtee
388. 9d.
Mid. Upland cotton..
5^d.
6%1.
sii^a.
Ko. 40 mule twist
S'ed
S^ad.
9=84.
9%.l
Clear'i: -House refn". 91.312,(K)b
122,934ro0()'l34,346,0oo'l36,912"o,jo
The Bank rate of discount and open market rates at the
chief Continental cities now and for the previous three week
s
have been as follows:
BatMof
Interest at
Jan
Batik
Open
BaU. Market.
Ptr\M
8
Ja
13.
««"
Open
Bate.
Market
3
BcrHn
2
Frankfort
2M
4
4
2
4
Hambarg
AJBMterilam
Bnusels
3)4
Hadrtd.
PMenborg..
PopenluKsn
314
4
8
6
Bt.
4«
Dec
1.8.
Bank
Barik
.
31.
Open
Bank Open
BaU. Market
~~3
2«~
3
4
2«
4
3^
3H
4
3
s«
an
8W
3«
4
8X
4
4
6
an
4
4
4
a
8
6
4H
4«
4«
4M
4
84.
BaU. Market
29(i
2«
3X
Dee
1885.
Per ct.
Lond'n&Br'ton,ord. 6M
Do.
Do.
A.. 23i
Manchester, SheflVd
1884.
rer
1885.
Per ct.
ct.
7
3
Metropolitan
4
Southeastern.... ord e '4
Do.
A.. 314
& Lincolnshire
3%
4
The suspension has been announced
1884.
Per
et.
5
6I4
3h
of the Jersey Bank, a
small undertaking established in 1828, with a capital of
£20,000 and unlimited liability. The liabilities are estimated
at £300,000 and the manager has been arrested. A lun was
subsequently made on Messrs. De Gruchy & Co.'s Bank, which
also stopped payment with some £30,000 liabilities.
The Australasian colonies continue to make applications for
financial assistance. A small 5 per cent loan for £25,000 for
the City of Auckland was tendered for this week, the applications amounting to £137,600, at prices ranging from the miniof £103 to £113. The average price obtained was £111
Is. lOd. per cent.
Tenders are now invited for a 5 per cent
loan for £21,000 for South "Wamiakariri (N. Z.) River Board
the minimum being £104, and for £150,000 5 per cent debentures of the Otago Harbor Board, the minimum being £101.
Among the other items of financial interest announced
during the week are an issue of £1,300,000 3J^ per cent
debentures of the Southern Mahratta Railway at a miniof 94 per cent, and the issue of £300,000 S}4 per cent
redeemable stock of the Southampton Corporation at a mini-
mum
mum
mum of 94
per cent.
Stock Exchange business has been quieter this week. There
has been no feature in the markets, but American railways
have been weakened by the reports from your side respecting
the occurrence of fresh disputes. The speculative fever here
has considerably abated of late.
The wheat trade has continued quiet and uneventful. The
severe weather altogether failed to impart to the market any
semblance of activity
a very dragging inquiry has been
;
3H
8X
8«
8«
4
4
S36
Hi
experienced throughout. Buyers were far from eager, their
limited wants being adjusted at about the prices previously
current. The fresh importations into the United Kingdom
dm ing the weekended January 16 were more liberal than
those for some weeks past, but they fell below the total for
the corresponding week of last year. For all that, however.
Jancajry
THE CHRONICLE.
30, 1880. J
the aggregate importations of wheat and flour daring the
nineteen weekH bIiow an excpHS over last year of fully one
million cwts. The Imperial weekly average price of wheat
has fallen as low as 3l)s. lOd. per qr. Such a quotation can
!
I
147
London.
Hon.
tat.
4BT(
9»ll>if 1091
99">l« 1001 .»
Ta-'T'
IOOIk
Pr'oh rentes (In Paris) fr
only bo contomplated by growers with dismay. We have
along been hoping that the lowest possible level had tieen
When the average had declined to 32-<. per qr.,
reached.
farmers were bid to be of good cheer as the rallying point had
certainly then been touched, but the result has shown that
8147 >i 8140
U.S. 4><Hori891
U.S. 4s of 1907
CanmUan PaclHo
Chlo. Mil. A HI. Paul
i:4>8
125 >e
lllnols ('mitral
^ounjtylviiiila
»hllH<l«li>l>laA Roadini
142>,i
142%
641«
10>4
the views then entertained were fallacious. A further decline
of fully 2s. per tir. has taken place, and, what is more, values
remain weak at the reduction. The position of affairs is
certainly very disheartening. The stocks held just now are
too unwieldy to be easily dealt with, particularly as there is
««w YnrkCoiitral
106
all
Wtd.
Ttus.
TIturM.
gH.
46Th
46''»
I
per oi
..d
OoDsols forraonej
Donsols for aoeouut....
46''«
Stiver,
i^rte.
68 >«
9514
24'^
coTiimnn stook....
National Ba!«K3.
„
100l,s
81-50
11418
125 «
QT's
93 >4
90U,,
61
114>e
I25T9
125'r«
67111
07 V
11418
1U1«
125%
12.'.%
68 >«
67 "«
04 1(,
2»»H
e4as
7(J
114^
9il4
24-,
143
.537,
24 Og
142 V
54
142^1
5»'g
lOlH
ll»4
10\
1114
10514
10(1%
Il00»g
106>s
23"'»
1U0>4
100 >4
l'JO»,o
9916,, lOc-l,,
81'40
143'9
55i«
fi43|
1
\\\
107^
—The following national banks have lately
been organized:
no speculative movement abroad, nothing but a hand-to- 3,437— riie First National Bank of Ashton, DHanta. Capital, 850,000.
Fred. W. R(iiti)r». President; Freo W. Kiimiuun, CashlBr.
mouth demand prevailing. The stock of wheat in London at 3,138—Tim First Natloniil B:ink of Pembina, Dakota. Capital. $50,000.
LcwU I'.rnsinii't Booker. Pro.sldent G. W. Ryan, (' ixhier.
beginning of the year was estimated at
;
the
635,434 qrs.,
against 369,800 qra. on January Ist, 1885, that of flour being
331,856 sacks, against 209, 097 sacks. la all the leading outports
3,439— Tho
a proportionate increase is noted, which of course prevents
•ny rally from taking place in prices. The deliveries of homegrown grain since the commencement of the season have
fallen short of those of last year by some 100,000 qrs., and there
must therefore bo larger supplies in farmers' hands to com i
Imports and Exports fob the Wkkk.— The imports of last
week, compared with those of the preceding week, show a
decrease in both dry goods and general merchandise.
The total imports were |0,497,518, against f 9,251, 076 the preceding week and $7,330,998, two weeks previous. Tho exports
for the week ended Jan. 26 amounted to |;5,4")2,001, againi^t
The
t0,39.1,749 last week and |5,670,839 two weeks previous.
following are the imports at New York for the week ending
forward.
Fortunately the grain seems to be fairly well held,
hear less of forced sales. Were the reverse the case
we might witness some more serious depreciation in values.
The following statistics have been published by the Secre-
at least
we
tary of the London Corn Exchange of the stocks of grain
held in tlie waterside granaries of London at the commencement of the year:
Wheat
((|is.)..
Barley
Oat«
Beans
1?SH.
1886.
625,134
1I0,34«
460.973
18.156
SdJ.SOO
118,383
522.249
26.878
Maize
Fl(Hir(incliid'g
rnllA's) (sks)
1885.
19,333
331,856
299,937
.^
Wneat
Beans
(for
dry goods) Jan.
1884-5.
1883-4.
18,2t)l,928
7.38rt,041
23,524,719
8.767,557
5,369,809
690,585
1,135.970
10,918,313
5,845,374
4,416.112
855,613
1,482,033
6,736,036
5,707,004
;
Total
8i>ux Jan.
The
1885-86.
"^oi^
188485.
41,543,274
The extent
oats in
1882-3
26,089.808
7,729,913
5,738,386
18,291,928
5,707,001
17,798,778
1883-34.
23,524,719
5,815,874
1,244,504
188?-83.
26,089,309
5,322.751
15,923.0a0
41,797,710
30,615,097
47,335,559
in the following statement:
:
SattM.
d.
M.
9 1.240.874 32
2 2,016.757 31
9 203,479 19
1885-86.
OWt. 16,314,323
Av'ut
PrCet
SattM.
:
a.
1
1.244.504 10
8 1,974,210 33
4
101.935 19
1884-85.
17,798,773
The following shows the quantities of wheat,
maize afloat to the United Kingdom:
w>...«
*lour,eqaal tours
"a'»e
(jtH.
lUO.ooO
232.000
*6,e02.8lR
13,637,151
$6,608,836
16.476,731
weeks
.
$2f-,475,'277
$24,450,735
$20,139,967
$23,085,617
1884
1883.
LoMt week,
1, 569,000
180.000
339,000
18E6.
1885.
For the week...
Pre V. reported..
r
$1,937,623
12,43J,360
15,701.392
12,066,588
Totals weeks..
$20,926,916! $17,387,985
$22,583,154
$17,519,189
$7,344,715
13.582,201
33,762
!t6,8
$5,4.52,601
The loUowing table shows the exports and imports of specie
New York for the week ending Jan, 23, and
and for the corresponding perio(ls in
at the port of
since Jan. 1, 1886,
li85 and 1884:
XPORTS AND rjfPORTS OF SPROIB AT
HEW
TORK.
ImportM.
ExportM.
Week.
Sitice
$532,153
Germany
Week.
Jan. 1
Vest Indies
198.357
289,500-
320;617
18.052
174, '01
4,7.32
5,954
28.619
1,100
ilexloo
3outh America. ......
^11 other countries. .
Since Jan.l.
$
$1,289,434
2,896
9,275
Tetal 1886.
Total 1885
Total 1884
5^606
l6',50'j
$537,153
$1,623,447
937,185
40.400
54 5,664
^8,900
*33,079
363,436
$595,821
855.000
55,860
17,354
Silver.
ireat Britain
l^ranoe
$337,800
10,000
...
i',206
$1,113,800
33,300
4,700
17,151
13',207
2.627
13,207
ierman,
Vest Indies
$
9
14,79i
24,'2d»
200
771
1,904
10,417
1383-84.
Av'ge
Price
d.
3
1
8
Converting quarters of wheat into cwts,, the totals for the
whole kingdom are estimated as follows:
AtprftiU.
$7,533,486
16,917,219
3outh America
All other countries. .
1834-85.
Av'ge
Price
1.137.417 30
1.918,881 30
181.976 18
an,„,
"''**'
$6,497,543
$8,599,897
17,875,330
0)
3,564,.'
vlexlco
1885-36.
Oats
$3,430,977
791,6^11
weeks of the season, together with the average
realized, compared with the previous season, are shown
Barley...
$6,656,873
18«6
$1,988,817
4,50S,72»
:
home-grown wheat, barley and
the leading markets of England and Wales during the
Wheat, qrs
«11, 40,1,553
1885
a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending January 26, and from January 1 to date
rtXPIIKTS KROM NKW^ TOKK POK THK WKKK
of the sales of
SattM.
SI. '69.463
compared
&ist nineteen
prices
$7,126,768
4,SiO,105
follovfing is
ireat Britain
France
Imports of wheat, owt.20,543,596
Imports of flour
4.679,855
Balea of home-grown. .16,314.823
$3,815,448
7,594,105
1
Supplies available for consumption in eighteen weeks (exclusive of stocks on September 1)
9,603,«4.i
4,679,855
1884.
Dry Goods
Total 3
TORK.
1883.
Dry Goods
Ooti.
com
KBW
FORBIOW IMPOSTS AT
For Vetk.
736,069
4,464,977
5,822,751
Indian
flour
and for the weekending (for general
also totals since the beginning of the
21,
tnerchaindise) Jan. 23
4r8t week in January:
Gen'l mer'dise..
uce, the average prices realized, and other items
wfth last season:
IMFOBTS.
Barley
Oat«
P«a«
;
Uen'Imer'dlse..
1886.
41,553
According to Beerbolim's L'st, the sto-k of wheat and flour
in the United Kingdom at the close of 18S5 was estimated at
3,207,000 qrs., compared with 2,097,000 ars. a year ago, and
3,919,000 qrs. at the end of 1883.
The following return shows the extent of the imports of
cereal produce into the United Kingdom during the first
nineteen weeks of the season, the sales of home-grown prod-
188f-6
OWt. 20.54«,596
5,901,315
4.276,618
860,113
1,27«.382
First NaticiniU Bank of E.isle drove. Iowa.
C.ipltal. $.50,H. A. Miller. Pr.-8idi>nt; A. N. Odeiilicim<fr. Cashier.
3,140— The First National Bank of Storktoii, Kansas. C.ipltal, $50,000.
Charles C. Woods, President II. C. Kulns, Cashier.
000.
LoMt year.
2.020,000
215.000
203.500
1883-81.
17,75j,858
flour
and
1884.
1,820.000
2:)«.<K)0
2.;7.00
English Financial narlteta— Per Cable.
The daUy closing quotations for securities. Ac, at London
are repotted by cable as follows
for the week ending Jan. 29:
Total 18S6
Total 1885
Total 1884
$16,8'15
$362,207 $1,190,235
$35,397
183,800
905,767
4,42 j
6I,780
616.278
1,274.802
32U.955
433.573
Of the above impoms for tlie week in 1886, f 21,212 were
A.merican gold coin and |9,909 American silver coin. Of the
exports during the same time $-5,000 were American gold
coin and f l,6io American silver coin.
United Htates Sub-Treasury.—The follovsdng table show*
the receipts and payments at the Sub-Treasary in this city, as
well as the balances in the same, for each day of the past
week
:
Balaneea.
Date.
PaymentM.
SeeeiptM.
Coin.
«
«
Jan. 23.
" 25.
•'
26.
• 27.
" 28.
• 20.
927,921
1,4<7.140
1,316.773
1,413,362
1,038,960
1,391,613
r-.tal
8 0?10.807 43
•
liicludcs
75
111
97
72
73
25
1,570,200
1,115,022
1. 190.563
•1.178.214
1,636,437
1,333,333
Currency.
68 153.162.012 96 15.532..567 10
33 l.'<3.32:(.;9l' 46 I5.ti!(3.533 75
36 153.701. ti59 96 n.9 41,232 86
i)H 153.69 1.3:9 95 H,;33.71l 51
78 152.9. ^3, 2'«9 95 16,322,324 46
27 152,350,377 19 10,493,047 20
8.024.272 05
$90,000 gold certUicates taken out of cash.
THE CHRONICLE.
148
Pacific Railroads.—The bill to provide for the payment of
the indebtedness of the Pacific railroad companies to the Govreported by Senator Hoar from the Judiciary
•Committee of the United States Senate Jan. 25.
emment was
rvoL. xLii.
sylvania Company, and as to the other defendant, it is ordered
that the injunctions be dissolved. Wayne MacVeagh, the
counsel of the Pennsylvania Company and the Bedford &
Bridgeport Railroad Company, filed a protest which declares
that the Pennsylvania Company and the Bedford & Bridgeport Railroad Company except to the decree. In the case of
the Commonwealth against the Pennsylvania Railroad Com-
Tlila bill provides in Bection 1 that the Secretary of the Treasury be
authorized and directed to ascertain the amount of the respective indebtedness of the several railroad companies (naming them) to which
the subsidy bonds of the United States were advanced. The delrt of pany and
Beech Creek Clearfield
Southwestern RR. Comthese companies is to be computed, as of the Ist day of October, 1S86,
upon the same principle as If the whole sum of said l)onds and interest, pany, Judge McPherson filed a decree continuing the injuncpaid and to be paid by the United States thereon, and not theretofore tion until a final hearing against the Pennsylvania Railroad
paid by credits on account thereof, were to be paid to the United States Company and the Northern Central Railway Company,
but
cash on said day. And the said sums shall be computed and ascerMr. MacVe«gh, as
tained as follows: First, from the sums which shall on the said 1st day dissolving it as to the other defendants.
of October, 1886, have accrued as interest paid or payable down to that counsel for the Northern Central Railway Co., filed a proteston
day by the United States on said bonds and not already reiniDursed to its behalf, worded exactly as the protest in the South Pennthe United States, there shall be deducted the amounts in the sinking
lund properlv applicable to the respective companies, computing the sylvania case,
value at the time of such computation, as estimated by the Secretary of
The Atlantic Mutual Insurance Company publishes its
the Treasurv. Second, the balance remaining shall be added to the
sum of the 'principal of said bonds attrii>utable, respectively, to the annual statement, which will be found to-day in the advertis-Central Pacific Railroad Company, the said Union Pacific Railway Conr- ing columns of the Chronicle.
Tiiis staunch old corporation
pany, the Central Branch Union Pacific Railroad Company, aud the
Sioux City & Pacific Railroad Company, in the settlement hereinafter maintains its place at the head of the marine companies in this
provided for. Third, and there shall be also added to such principal country, and, being conducted on the mutual plan, returns to
sums the amount of the interest yet to accrue and be paid by the United its patrons a large proportion of their premiums in its dividends
States on said bonds, so as to ascertain the total sums that would be due
of scrip, this year 40 per cent, as usual. The total premiums
to the United States for principal and interest paid on said bonds at
their maturity, it no further payment or reimbursement were in any in 1885 wore $5,196,143; losses paid, $1,91,5,020; total assets
wise made by any of said companies in respect thereto after said 1st Dec. 81, 1885, ,|12,740,336.
.day of October, 1886, Fourth, the present worth as of said last-named
day of said total sums shall then be computed, without compoimdlog,
The Union Trust Company of
York, whose card will
on the basis that money Is worth 3 per centum interest per annum; and be found on another page, makes a striking exhibit in its
the final sums so computed and ascertained shall be deemed the sums
statement
total
of Dec. 31 1885. The
assets were |28, 145,305, and
that would be paid In cash on said Ist day of October, 1886, by said
companies if payment In cash were to be made.
the surplus over liabilities was 13,020,441. The assets include
Section 2 provides that the Union Pacific Railway Company, succes- the items of
$3,100,000 in Government bonds at par and $20,sor to the Union Pacific Railroad Company, and the Kansas Pacific
Railway Company, the said Central Pacific Railroad Company, the said 463,607 in loans on collateral. The deposits were |34,772,0o4.
Central Branch Union Pacific Railroad Company, and the Sioux City &
The Mutual Life Insurance Company publishes its annual
Pacific Railroad Campauy, be authorized to make, Issue and deliver to
the Secretary of the Treasury each its 160 several bonds of redemption, statement in the Chronicle to-day, and it is a document
each bearing date the Ist day of October, 1886, one of which bonds well worthy of examination. With $108,908,967 of assets, this
shall mature on the 1st day of April, 1887, and one thereafter at the
expiration of each successive period of six months from that date and company ranks ahead of any other fiduciary or moneyed
The statement shows a gain in assets during
that each of such bonds shall be for the same sum. which sum shall be institution.
ascertained bj' adding to the balance of said indebtedness, computed 1885 of over $5,000,000, a gain in premium income of over
and ascertained as in section 1 of this act is provided, interest at the
rate of 3 per cent per annum from said let day of October to the aver- $900,000 and a gain in the amount of new risks assumed of
age date of the maturity of said bonds, and dividing such aggregate nearly $12,000,000. During 1885 the Mutual Life has written
amount by 160, The section provides further that no money shall be $46,507,139 of new risks, and while the company met with
paid to the said several companies, for or on account of services rengreat loss in the death of its president, Mr. F. S. Winston,
dered to the United States, over or upon said railroad and telegraph lines a
or upon any railroad or telegraph line owned, leased or operated by it is stUl fortunate in having now at its head a man of such
said companies, until the bonds next maturing after such services are great experience as Mr. McCurdy, who is at the same time a
rendered shall be fully paid; but the obligation to pay said bonds so to he yonnger man, and will push the business
of the company
executed to the United States by said companies, and the obligation of
the United States to pay for services, shall be deemed otherwise inde- with all possible energy.
pendent.
The Penn Mutual Life Insurance Company presents its
Section 3 provides that the statutory lien and security created and
subsisting under aud by virtue of the Pacific Railroad acts of 1862 and 88th annual exhibit in our columns fto-day.
The assets have
1864, and the Thurman Sinking Fund act of 1878, to secure the repay- grown to upwards of $10,350,000, while the surplus reaches
ment of the subsidy bonds and the Interest thereon, including all their
franchises, telegraph lines, their rolling stock, llxtuies and property of nearly $2,000,000. Total amount paid policy-holders during the
every kind and description, forming a part of the operating property of year was $1,345,552, out of receipts of $2,357,388, while the
eaid companies, as well as that which they, their successors or assigns, further sum of nearly $600,000 was added to the reserves upon
may hereafter acquire, shall be and remain as security for the payment
The expenses of management have been modof the bonds of redemption until the same are fully paid provided that their policies.
said companies, respectively, shall be entitled at any time to prepay erate, the members' payments being regarded and treated as
and anticipate the payment and discharge of the bonds of redemption, trust funds.
and to that end they are authorized to issue and dispose of their bonds
to an aggregate not exceeding the amount of their bonds of redemption,
The Union Mutual Life Insurance Co,, of Portland. Maine,
together with their first mortgage bonds, to bear such rate of interest
and tx) run for such term as may be deemed most expedient, and to has published its annual statement, which shows a gratifying inThe cash assets
eecure the same by mortgages upon their franchises and property. crease over the business of the previous year.
Section 3 further provides that neither of said companies shall use or Dec. 31, 1885, were"$2,329,460. There were paid policy-holders
dispose of any of its property or assets not included in the security of during the year
1885, $819,676. The company early in the year
the United States otherwise than in the ordinary and proper course of
established their agency in
York in new and handsome
Its current business, witliout the consent in writing of the President of
the United States first obtained ; and further, that no dividends shall offices at 96 Broadway,
The managers of this company have
be paid by any of said companies unless the same shall have been shown great energy in pushing its business in recent years,
actually earned, nor unless such company shall have paid to the United
•States the amount of all matured indelJtedness then due and payable with the results above mentioned.
under this act, and shall also have paid all debts which have previousl v
The Guarantee Company of North America publishes its
matured which are secured by a lien paramount to that of the Unite'd
States; and further, that every disposition of any stocks, bonds or thirteenth annual statement today in the Chronicle, to
other securities of other corporations now owned by either of said
which
the attention of the public is called. It shows assets of
couipaniee, whether by sale, pledge or otherwise, shall be reported to
the Secretary of the Interior by tlie company making thelsame within $481,915 and total resources of $835,768, with a reserve capital
tmrty days after such disposition had been made.
subject to call of $368,600. These figures ought to prove
Mb. Sherman's Silver Bill.— The following is the text of satisfactory, as an evidence that the Guarantee Company's
bonds of suretyship are a sound protection to corporations and
Senator Sherman's bill to amend the Coinage act
&
m
—
—
New
,
—
;
—
;
—
New
—
of February
xSf 1878
Be U ouMted,
individuals holding them.
—
&
That the coinage of the silver dollar provided for
Attention is called to the card of Messrs. Chrystie
toy the first section of the act to which this is an amendment be
discon- Janney in our advertising columns to-day.
Although this
tinued from and after the passage of tills act.
Sec. a. That the Secretary of the Treasury is authorized and directed firm has just been organized, it is composed of experienced
to purchase from time to time silver bullion in bars not less than
Mr. J. A. Chrystie having been with the
niue- business men,
tenths fine, at the market price thereof, not less than 2,000,000 ounces well-known
house of Kountze Bros, for the past nine years
troy per month nor more than 4,000,000 ounces troy per month,
and while Mr. S, M. Janney was but lately the Cashier of the
shallissue m payment thereof coin certificates of the United States
denominal 10118 of not less than $10 each, corresponding with in Bank of Del Norte, Col.
The firm receive deposits and
the
denominations of the United States notes, and the bullion so purchased
consignments of bullion and deal in foreign exchange they
shall bo retained in the Treasury for the security and for the
payment also make a specialty of investment securities, but take n o
OI the same and the amount of such certificates at any time
outstanding shall not exceed the cost of the bullion i>urchasert by such
speculative accounts.
certificates, and the certificates thus Issued shall be receivable for
customs
taxes, and all public dues, and when so received may be reissuedand
the Secretary of the Treasury shall redeem in coin the said
on their presentation for redemption at the office of thecertificates
Assistant
5attMtt0 Htid
'^^
^^^ ^^^^"^ New York in iumg nSt
Sr8"thM'"s"o
d-e.,
;
;
^inatidat.
""y V:?'?®^,?' standard silver dollars or gold coin of the
TT^f.^U^iJ^*' ""'
''<"'* '""lion, at Its Mint value, may dlposit
'??**
Sfth*lf
With the Treasurer or any Assistant Treasurer of the Unite! the same
States in
sums not less than $10 and receive coin certificates therefor, similar
In
^enom nation aud legal eftect to the certificates provided for in the
,5ePO»lt<«l for or representing the certifl.
5I?2f iS'',.'^"'"'..^'!f.*'2'J'
retained
In the Treasury for the payment of the same on
a^nd
HARVEY FISK
28
Nassau Street,
&
New
SONS,
York,
Dealers in United States Government aud other desirable
SECVRITIES
FOR IIVTESTORS.
South PE^wsYLVA^^A.— In the injunction cases brought by
the Commonwealth against the Pennsylvania Railroad
Co:
All stocks and bonds listed on the New York Stock Exchange bought
toe bouth Pennsylvania Railroad Company, et al.,
Judge
sold on commission for cash.
Simonton has made decrees continuing the injunctions until and
Deposit accounts received and Interest allowed on monthly balance*
mialhearmg as against the Pennsylvania Railroad Company subject to draft at sight.
tbB Bedford
& Bridgeport Railroad Company
and the Penn-
Coupons, registered Interest, and dividends, ooUeoted
credit tor our customers, without charge.
and placed t«
Jandakt
THE CHRONICLE.
80, 1886.]
New
149
premium ; bank, ft 60 premium
25 premium; Chicago, 29 discount.
rates of leading bankers are as follows :
Orleans, commercial, SO
St. Louis,
The
DIVIDBNDS.
The foUowliiK diTldends have reoently been iknnoanoed :
Name of Oompany.
Per
When
Cent.
Payable.
Kallroad*.
ChlcnRO A KiwiiMii llliuol«
Conn, it I'liHsMinprtic lilvor
Danhi.ry tik Ni'rwalk
N.Y. Prov. & I!iv8t.(.sti>irtou)
2»«
riiiar,
<fc
2>«
Feb.
Feb.
1
2
Pel).
$150
Cn.stl(<
lank
'
H to
Feb.
23
Paris (francs)
Amsterdam
(Kxllders)
rraakfortor Bremen (reichmarks)
6 to Feb.
1 to Feb.
Jan. 24 to Jan.
Jan. 23 to Jan.
8 Jan. 30 to Feb.
1
United states Bonds. Government bonds continue to exhibit a very dull tone, and there is no feature to the market,
though prices are quite strong.
The closing prices at the N. Y. Board have been as follows i
1
rtom.
Jan.
27.
STREET, FRIDAY, Jan. .2»-3 P. M.
4>M,1891
Tke Honey Market and Financial Situation. Tlic past 4>1R,1891
WAI,T.i
—
week has been very
996%
96
Feb.
On
4 90
—
30
30
Inanrancea
Broaiiw»y
Peter Coopt^r Firo
Demand,
4 88
4 86 94 86>s
4 85ig « 4 86
8 17'4»5 le'e 9 1S95 H*i
40aga40''i«
40«,g940«s
Prime otinnnerolal
Doouiuentaryoommerclal
Feb.
Feb.
Feb.
Feb.
3
Feb.
Feb.
Bialy Dayi.
29.
Prlmebankers'Bterllng bUlaon LODdon..
$2 BO
i^linnnoa
a.
Corn Exclinnui'
Gprniiiu Anit-rieiin...
RepiitillpNallonal
Pitta.
March
Janvary
Bookt Otoeed,
(Day* inelutive.)
and at the Stock E.xchange business
the room traders.
There is no sign of
dull,
has been left largely to
weakness in the general tone of feeling among stock operators,
but on the contrary the fact that the market can go so long
on a dull business without any decided fall in prices is rather
4r, 1907
4a, 1907
38, option
*
an evidence of inherent strength.
coup
reg.
ooap.
'95
'96
'97
'98
Ss.cur'cy,
68,cur'oy,
6s, onr'oy,
6s,cnr'cr,
6a, onr'oy.
This
Is
29.
100^ •100% 100%
125% •126
126
reg.
—
Jan.
28.
112>a *112Js
112i« 112S 1124g
'1231s '123»9 '123'9
'123HJ 123 'si 12378
reR.
U.8
Jan,
reg.I
reg.l
I
128»4 '128i« *128ia
1305»C130'« *130'8
13318*13338! 1333s
l.'^Sig *1353e! 135 an
reg.
reg.
'99.. .ree.
the price bid at the morning board : no $ale
was made.
—
State and Railroad Bonds. State bonds have not been
The outlook in the iron trade seems to be more hopeful,
very active, the total sales including $65,000 North Carolina
particularly as to the manufacture of steel rails, as the demand
special tax bonds at 8i-|
$10,000 do. consol. 4s at 90^;
for the latter on both old and new railroads is likely to be
$10,000 Virginia 6s deferred at 12 ; $10,000 do. trust reheavier, since it has been held in check for the past two years
ceipts at 12
$27,000 Tennessee 6s at 54f-5i
$98,000 do.
by the bad condition of railroad traffic and the determination
compromise bonas at 63J-5
$6,000 Louisiana stamped 48
of ;the companies to economize to the utmost limit.
at 72i
$9,000 South Carolina 6s, non-fundable, at 6-i ;
Cotton is again coming in more freely, and the port receipts
7s, new, at 101
Georgia
$1,000 Missouri 6s, 1887, at 10^.
$1,000
this week show about 59,500 bales increase over the correRailroad bonds have been active most of the week, especially
sponding week of last year. This is in accordance with our
for several of the lower-priced classes, such as Fort Worth &
expectations, and there will be much disappointment if the
Denver City Ists and Nickel Plate Trust Receipts, while Erie
increase each week does not keep up during the next two or
2ds, which usually supply a large part of the transactions,
three months, thus giving the Southern railroads a much better
have been very dull. Prices have been strong for most issues
cotton traffic than in the first half of 1885.
and the market generally exhibits a healthier tone than for
have a right to expect that the present year
;
;
;
;
;
;
We
will witness
an adjustment of the financial affairs of a number of those
railroads that have been in difficulties during the past year or
two, and as each one of these is finished up and put in new
shape to meet its adjusted liabilities, the atmosphere becomes
much clearer, and the confidence of security-holders
increases as the dead things are removed from the market.
Railroad alliances and consolidations will also be in order,
such as the New York
New- En'glan'd lease, the consolidation
of the Huntington system east of the Mississippi River, &c.,
&c.", all of these tending to put weak companies in a better
position to meet their liabilities.
The open market rates for call loans during the week on
stock and bond collaterals have ranged at 1@2 per cent, and
to-day at 1@2 per cent. Prime commercial paper is quoted
at 3i@5 per cent.
several weeks past.
The closing prices
and range of a few leading bonds are annexed.
Closing.
Name
The Bank of England weekly statement on Thursday showed
again in specie of £914,748, and the percentage of reserve to
liabilities was 43f,
against 39i last week; the discount
rate remains unchanged at 3 per cent.
The Bank of France
gained 4,481,000 francs in gold and 2,371,000 francs in silver.
The New York Clearing House banks, in their statement of
Jan. 23, showed an increase in surplus reserve of $2,097,575,
the total surplus being $35,113,525, against $33,015,950 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the
Sew York
1886.
Jan, 23.
Clearing House banks.
Di tfer'Ticesfr^rn
Previout Week.
1885.
Jan. 24.
1884.
Jan. 26.
Legal reserve
Beeerve held
«64a,200 $294,317,000 $333,989,200
98.284,300 Inc. 1,212,103
99,909,300
72.921,300
9.690,400 Deo.
113.600
11,273.000
14.66H.300
389.832,71
Deo.
69,900 351.749.900 349,894.100
34.287,600 Inc.
868,000
40,141.200
34.031,000
$97,4,'S8,175 Dec.
»17,475 »37.937,475 $87,473,525
132,571.700 Inc. 2,080,100 140,050,500 106,952,300
Barplng
835,113,525 Inc .$2,097,^
Loans and die. $338,697,700 Dec.
Specie
Ciroulation...
Netdeposite..
Legal tenders
$52,113,025 $19.478.775
Exchange.— Sterling exchange has been very dull, the absence of demand causing a weakening of rates on Monday, when
some drawers reduced
their posted rates i cent.
Commercial
remain in very small supply, however, and this fact was
the principal cause of the restoration of rates which occurred
on Wednesday, and the market continues firm.
To-day the rates on actual business were as follows, viz.
bills
Bankers' 60 days' sterling, 4 87@4 87i; demand, 4 89@4 89i.
Cables, 4 89J@4 89i. Commerciai bills were 4 85@4
85i. Continental bills were:
Francs, 5 16|@5
and 5 14|@5 15
17i
reichmarks,
;
N. Y. L. E.& West., 2d consol. 68
90%
West Shore, guar., 4s
lOT's
95i^
N. Y. Chic. & St. Louis Ist 68
Texas & Pac, Kios, 6s, coup, off 49 1«
73 13
EastTenn. Va. & Ga.. con. 5s...
Do
67
do
5s. ex. coup
Do
Chcs.
&
C. C. C.
coup.
F., 68
O., scr. B., 68,
Mutual Union
&
20
incomes
do
& W.,Mich. Div 68
Fort Worth &D. C. Ist 6s
HonstonitTex. C, IstM. L. c.off
Mil. L. Shore
Tel. 8.
Ind. gen. 6a
1, '86.
108%
83
103%
8II2
off.
81 !«
10134
9078
89 Jan.
1021s 101 14 Jan.
94 Jan.
971a
5118
451s .Jan.
74=8 68I4 Jan.
6758
61% Jan.
2OI9
181a Jan.
10634 Jan.
81 Jan.
861a
1021a 102 Jan.
8II9
79=8 Jan.
79 14 Jan.
831a
101% Jan.
102
Highest.
94I8 Jan.
Jan.
Jan.
.=12
Jan.
74^ Jan.
67 »8 Jan.
2178 Jan.
Ill Jan.
861a Jan.
1041a Jan.
88 Jan.
83% Jan.
105 Jan.
104
99
—
Railroad and Miscellaneous Stocks. The movement of
stock prices has not been very important during the past week,
and there is very little change either in the appearance of the
market or in the general financial situation outside of Wall
Street.
During the early part of the week prices were very
much unsettled and lower, giving way under active bear pressure, especially those stocks most affected by the reports of
continued bad storms and interruption to traffic in the Northwest.
This was the principal bear card, and it was used as far
as possible in depressing the market,
"rhis depression did not
last long, however, and on Tuesday some reaction took place,
started by higher prices at London and assisted by the covering of shorts, which had been considerably increased on the
decline.
Since then the movement has been very slight for
most of the market, prices being generally irregular and not
much changed.
As stated above,
there were very few influences acting
against the market, and there are no new important features.
The bears take advantage of whatever there is adverse to the
market, but there is evidently an under-current of strength,
which shows itself whenever prices have had much decline.
Lackawanna was conspicuously strong during the early weakness of the general market, and it sold up to 119^, but has
since given way a little.
'The rise started last week in New
York
New England has continued under rumors of its lease
to New York New Haven
Hartford, but the terms of the
proposed lease are not yet definitely reported.
few other stocks have been stronger than the general market, particularly Manhattan consol. and Manitoba, both of
which are so closely held and so easy to manipulate that the
&
&
A
Lake Shore has
in them has no special significance.
been strong on very confident reports circulated in the
market that the Nickel-Plate affairs were to be settled by agreement without further litigation.
To-day (Friday) there was decided strength and more activity
in the morning, but a relapse into dulness in the afternoon,
when prices went off a fraction from the best of the day, and
movement
also
95i®95f and 96@96i guilders, 40f ©40 7-16 and
40f®40 11-16.
The following were the rates of domestic exchange on New
Tork at the under-mentioned cities to-day: Savannah, buying i premium; selling J premium; Charleston, buying par@i
.premium; selling i@3-16 premium; Boston, 17@20 premium; New England
;
Lowest
Jan. 22 Jan. 29
that
&
Range since Jan.
of Bond.
lost 2f, closing at 40^.
THE CHRONICLE.
150
[Vol. XLII.
NEW YORK STOCK EXCHANGE PRICES FOR WEEK ENDING JANUARY
29,
AND SINCE
HIGHEST AND LOWEST PRICES.
STOCKS.
Saturday,
J.-in.
Active
Canadian
KK.
Stocks.
6OI3
rsu'ilio
40
Canada Soutlieni
Central of Ni-w Jersey
Central Paeitic
Cliesapeake & Oliio
Istpref...
Do
23.
431a
40
40
2dpref
13%
Do
CUlcago & Alton
Chicago Bnrlinitton & Qiiincy. 137
91
Chicago Milwaukee & St. Paul.
pret. 12112
Do
lOGig
Chicago & Nortli western
1
ll'a
20
1378
Jan. 25.
Jan. 26.
4018
43 >4
39% 40
lOia
191a
*12
40 12 4II2
*10l2
'IH
*12i3
Ills
I9I3
14
139% 139% 140
.
Micli. Snutliern
Loni'svilu^& Nashville
Louis. New AUi. & Chicago. ..
Manliattau Elevated, cousol.
Meuijdiis iV Charleston
Do
pret.
Missouri Kansas
& Texas
lOe^e 105
I4I2
8412
82%
81% 82
36% 3818
35% 36
82
37
35 12
I2II4 122
I9I8
461^
2818
*13
Ohio
Do
5113
pref
New York & NewEugUud
New Y'ork Outarlo XVestcra.
"65^
New Y'oik Susq. & Western.
>\i
.,
Do
& Western
Do
26
26
pref
Northern Pacific
Do
57%
1%
pref
Ohio Central
Ohio & Mississippi
Ohio Southern
Oregon Short Line
Oregon & Trans-l ontinental.
22
I5I4
*18
2914
10618
,
Do
Do
pref
Istpref
Bt.PaulA Diduth
Do
,
pref
Paul Miuneap.
Texas & Pacific
Union Pacific
Louis
Do
,
& Manitoba
&
Paciiio...
Colorado Coal & Iron
Consolidated Gas Co
,
9^8
United States
WoUb, Fargo & Co
Inactive Stocks.
Albany it .su.s(|uehauua
Atchison Tnprka & Santa Fe.
Atlantic* Pacific
Mercliaute' Tel..
Boston & N. Y. AirLiiie,
Burlington Ced. Rapids
lU'et
&
& Minnesota
Hocking
&
Harlem
Illinois
Val.
&
26
26
58
1%
22I2
I5I2
25
101
3Si2
102
9"
I9I2
Bt. Louis Alton diTerre
Homestake Mining.
Central Coal. ...
92
13
141
92%
I
I2II4 121 14
4
7%
68
23
•7%
39
36
4%
7%
68
23^8
8%
91%
120%
9214
34
42% 43
11% 11%
18% 18%
*12
141
4,840
9.110
17,715
3,980
230
610
300
14
142
138
19
2,654
91% 92%
364.66.".
28^8
29%
103 14 lOS'e
SI4
17
8I4
17%
23% 24%
18
18%
109
34
25
13%
84% 85%
39%
70
I2514 12578
71
18
•43
28%
"29%i
18%
24%
51% 52%
38% 40%
6%
18
10
8578 109,788
3934
4034
14
19
6%
8%
20
24
!
5,491
5,930
470
i23%i26"
29%
46 14
29 1"
47% 47%
89,492
1,000
7,976
1,484
1,0.30
'878
•19
20
9I4
1,300
20
2,215
750
24%
52% 53%
40 14 43%
18% 19
24%
2478
4S,285
53
6%
6%
6%
I8I4
18
18 14
10
•8
10
40%
53%
l,19.-i
4278
73.9S9
I914
191.
6%
18% 18%
787
2,120
2,929
22% 22%
100% 101
88
89
25% 25%
23 14
26%
25% 25%
56% 57%
•2534
23% •22% 23%
10078 101
8831 90
28I4 29
101
101
88% 89%
26% •23% 20%
25% 25% 26
26%
36% 57% 5714 58 14
•23 lo
23
23
2314
2314
10114101% IOII4IOII4
89
90
8914
90%
29
29
.~»
.">
2314 Jan.
12 Jan.
82% Jan.
SO Jan.
3634 Jan.
33% Jan.
120 Jan.
30 Jan.
68 Jan.
18
18% JRU
6I4 Jan.
17%
1,500
6,325
88,617
1,100
1,888
16,246
610
8%
25
22
103
140
'60
65
•(iO
120
120
122
'60
•119
146
103
65
122
138
140
138
'140
150
102
63
63
119% 122%
*138
8%
2
*i
100
100
*ii
*17
20
8%
•2
8ll8
3
146
102% 103
8%
•2
140
8%
3
17
•42
52
13
•11
153
70
155
33
29
33
•51
52
134
30
62
20
215
95
52
133
8
•6
23
*02
132
29%
205
8
25
•2
•11
70
*51
8%
151
17
•6%
•22
70
89% 89%
100
71
13
'
8%
6914
70%
130
101% 103
63
63
119 122
140
17% 17%
155
0%
139
141
9
9
2
3
100% 101
•11
*18
150
160,824
14
19
156
•11
18
152
14
18
160
68%
52%
133
101% 102
•29% 3OI4 2979 30% 30% 31
23'
"20% 20% •18% "24" •20
'212
212
517a 52
97% 97%
52
52%
133% 135
102
•6
8
•6%
•20
25
•20
160
160
45
160
43
41
43
43
•42
*i6% "12%
2214
11
22 14
11
"11
22% 22%
12%
nieee aie the pricea bid and aaked ; no sale
was made at the Board.
102
"V^
213
*93
102
•6%
25
160
•20
44
•43
22% 22%
98
52% 53
13"
102
8
25
45
'is'
11
;t
3
Jan.
3
18-34
18 S9I4 Jan.
20 8II4 Jan.
I
8
4578 Jau. 4
38 Jau. 11
2U26% Jan. 27
4
19| 38% Jan.
18| 76% Jau.
2
28' 22 14 Jau,
4
18^ 51% Jan.
I
3214
Jau.
2
18;
20;114% Jan. 11
11 17 Jan.
Jau.
2I 50
161107 Jau. 4
Jan.
18i 10
23 Jau.
27% Jau.
58 Jau.
43% Jau.
2II0 Jau.
8% Jan.
22% Jan.
III4 Jan.
30 14 Jan.
23
18
29
Jau
61 73 lau.
1% Jau. 2
25% Jau. 2
19 Jau. 4
231.1 Jan.
5
34% Jan. 5
22% Jan. 6
22% Jan. 29
821" Jan. 14
37I4 Jan. 15
4% .lau.
7
2334 Jau. 25
48% Jan.
Jan.
7
7
42% Jan.
G
26 104 14 Jau.
.5
27 104
i
18,
19 11578 Jan. 2»
2
8i 14% Jan.
56% Jan.
12% Jau.
22% Jan.
25
28
25
2
2
2
25%
Jau.
Jau.
9714 Jan.
29% Jan.
108'4 Jau.
67 Jau.
Jan 20 133% Jan.
Jan. 25 7578 Jau.
103
9
4
8
26| 122% Jan.
«
Jan. 18 110%[Jan.
18 937fl1 Jau.
8% Jau. 25 9%iJan.
214 Jau. 19
3%J Jau.
116 97 14 Jan. 2 101 Jau.
27 70 Jan. 14 73 Jau.
12% Jan. 16 I4I4I Jan.
300 17 Jan 18 *^2%i Jau.
14 133 Jan. 19 1.33 Jan.
26 70 J an. 18 70 Jan.
lOil 33
Jan. 25 33 Jan.
1,344 29 Jan. 19 34 Jan.
131! 6034 Jau. 21
62 .lau.
264 20 Jau. *2 20%sJan.
63 213 Jau. 13 215 Jau.
66 93 Jan. 13 97% Jan.
1,435 50 14 Jau. 18 53%1 Jan.
407 13214 Jan. 9 135 Jau.
200 100% Jau. 20! 102 Jan.
Jan.
7 20114 Jau. 18(206
714 Jau. 6
8 Jau.
24 Jan. IS 23%iJan.
231) 155
Jau. 21 163 Jan.
243 38>4.Tan. 4 44 Jan.
22
225
Jan. 19 23 Jau.
230 10% Jan. 16 13 Jan.
18
14
120 119% Jan.
138
87% Jan.
l,3,3it
i
30
62
20
215
95
.Ian.
Jiin.
287f Jan.
61 144 Jan. 14 149% Jan
236 101% Jan. 28 104 Jau.
180 62% Jau. 13
63 Jau.
_
100
•8%
3
100
71
13
70
140 150
103 14 IO314
62% 63
121 121
18
25
Jan.
Jan.
87'4 Jau.
2578 Jan.
99 Jan.
5414 Jan.
98%
146
102
8=B
J:in.
2734 Jan.
107% Jan.
15% Jan.
46 Jan.
102i4J.in.
8 Jan.
17 Jan.
23 Jan.
50% Jan.
3UI4 Jan.
150
103
149
102
63
122
Highest.
68I4 Jan. 14
6278 Jan.
4314 Jan. 5
Jan.
4214 Jan
4534 Jan. 28
3914 Jan.
4414 Jan. 2
1314 Jan.
s
10% Jan.
IS '4 Jan.
21% Jan. (I
13 Ji.n
15 Jan. 2
13934 Jan. 25 143 Jan. 11
13434 Jan. 18 140 Jan.
!IOi4 .l.in. 18 96% Jan.
2
120 Jan. 181124% Jau.
103 J;iu. 25 110% Jan. 2
133 Jan. 18'137% Jau. 7
127 Jan. 18'130% .Tan. 1
13 Jan.
I514 Jau.
3
30 Jan.
33% Jau. .3
4134 Jan. .3
33% Jan
98 Jan.
10478 Jan. 3
50 % Jan.
60 Jan. 2
115 Jan.
125% Jan. 2
14% Jan.
20% Jan. 2
21% Jan.
20 .Tan. 7
3% Jan.
6% Jan. 2
6 Jan.
11% Jan. 2
67% Jan.
70 Jan. 1;
19% Jan.
24% Jan. 2i'
8
Jan.
10 Jau. 2
Jan.
Jan.
Jan.
2338 25%
25 M Jan.
56I4 57%
56% 57%
5(!>4 Jau.
II4
1%
1 14 Jan.
1% 1%
1% 1%
800
21
21% 22 >4 23% 23% 23% 22% 23
23% 23% 2,300 21 Jau.
15% 13% •15% 16% 16
16
513 1514 Jan.
*18
•18
•20
•20
25
25
25
25
2178 Jan.
27% 28% 28% 29% 28% 29% 2378 29% 29% 30
33,147 27% Jan.
18% 18^8 I914 1914 •18%
1914 19 14 •I9I4 20
700 18% Jau.
2II4
20
20% 21
21% 21% 21% 22% 21% 22% 14,190 19% Jan.
•78
•78
•78
80
80
80
78
78
78
78
400 77 Jan.
33% 33% 33% 34 14 34
34% 34% 34% 34% 34% 1,800 32% Jan.
•3
•3J4
*3i4
•314
4
4
5
5
5
100
5
3% Jan.
•20
£3% 23% 20% 20% •19% 21
•2014 21
21
410 20 Jan.
42% 43% 43% 45
•42% 44% 44% 44% -44% 45
1,370 42% Jan.
100 101
x98% 98% 97% 97% 98% 100%i 100 101
1,985 97% Jan.
•36% 39
37
37
•37
•37
39
39
39
39
223 37 Jan.
100 100
99% 100
99% 100% •99% 100
100 100
l.OiHil 99% Jan.
109 110
110 111% 112 II3I4 113% 1147^ 114% 11578 17,390 106% Jau.
11% 12
12% 12 14 12
12% 1176 12% 12 14 12% 7,883 1034 Jan.
49 14 49 14 Ifl'si 4878 497e 49% 50%
48
50% 51% 124,288 48 Jan.
9I4
9% 9%
9% 9%
9% 10
9%
9% 9% 1,340 9I4 Jan.
17% 17% 18% 18 14 •18% 19% •18% 19% '18% 19%
36- 17% Jan.
25
25%
25 14 25'8
3.30
1886.
38%
900 4314 Jan.
36,36S
2,849
104 14 103% 60,122
9
1,
330
100 32 J.au.
36
960 138% Jan. ISilll
85%
109%l 108% 108% 10914 109%
8%i
320
15,333
2575'
71 14
103% 101%! 103% 104
19
34
141
282
12,035
8,080
25I4
13>4
46
•13% 14% •13% 14%
46
47
46
I8I4
23^8
•30
141
8%,
7H4
1S% ISU
72
IS
•46
8%
'8
30
126%
291.
14-%
8%
23% 23%i
414
4%
7% 8
67% 67%
23% 24
J
28%
47
•30
3878
1834
109
7%
23% 24 14
39%
46
•13
*46
•66
2434
I314
I8I4
109
7%
25
13
85
46
19
3^8
140% 139% 141
46
5612
&T0I
Haute.
45%
63% 65%
Lowest.
101% 100% 101
101% 101% 5,160
37
55% 56% 50
57 14 60,644
134
133 134
134% 131%
210 132%
New York Lack. & Western .'
New York New Haven & Hart. 205
Quicksilver Mining Co
•7
Do
pref."! •23
_
Rensselaer & 8 iratoga
•
6%
17% 18
8% 8%
Big Sandy
West., pref.
I8I2
70
6%
6I4
,
Morris* Essex
New
19
49
Cent leased line stock
Mil. I^ake Shore
401.,:
44.34
*10l2 12
I8I2 I8I2
*12
14
'140
142
12
71
19
46
6%
Sioux City
ic
19
•43
2734
70
No.
Central Iowa
Chicago & Alton, pref
Clncin. Ind. .St. Louis & Chic.
Clnciniiall Sand. & Cleveland
4134
1886.
1,
Range since Jan.
99% 100% 100% 101% 101
5414 53%
5514 5578
55%
134
132% 132%
133
71% 68% 70 14 '69% "foii 69
70
'.
68% 68%
3ai4
I8I4
23
23
lOOTg 101
'140
American
ColiunbiiN
'140
3612 3612
I22I2 124
I2414
I9I4
4
20
44
101
"37
101
35 '8
121% 122
38%
3414
3
38% 39%
38%
19
20
44
'132
Kxpress Stocks.
Adams
Ellaabetht. Lex.
13
•30
'30
34
14012 14012 139
24I4
24I2 24% •24%
I3I4
12 12
13
13
83=8
83=8 84%
84
8212
38^8
34
X5514
Western i:ni(m Telegraph
DubU(iue
8'4
19
29^8
I9I8
2018
*18
PaeiflcMall
Pulluiau Palace Car Co
Falls
8I4
37I2
6iJ8
Delaware & Hudson Canal..
88% 88%
Oregon Improvement Co
Oregon Railway & Nav. Co... 100 101
Cedar
7
*67ia 69
2413
23
19'8
IO9I4 110
1216 12%
49
50=8
pref
&
4I6
39121
nilscellaneoiiB Stocks.
American Tel. i Cable Co
Bankers'
92%
6%
I
Danville...'
& West P'ntTcrmlnal
Rochester & Pittsimrg
Bt. Louis & San Francisco
Rlchni'd
St.
41%
64% 65
40%
)
S's
29
28%
108 I4I IO712 107 %i
14i2j
*12
15
4Gi2i *45
47
103^8! 102 14 103%!
8%l
8%i
8
19
17% 17%.
23 14 23%
241s
5II2I
51
51
19 13
19
Peoria I>ecaturEvansville...
Philadelphia A Re.iding
Wabash
6912
I9I8
4612
17% 18
pref
23 12
12
13'8
8312
Nash v.Chattaiiooga&.St. Louis 46
New York Central & Hudson. IO3I8
8i8
New York Chic. <fc St. Louis.
*17%
Do
prof.
New Y'ork Lake Erie & Wesi'u 23%
8t.
41
*10l2
I8I2
401"
44 14 45%4118 43
(Sh'res)
121
121 121 J4, 4,003
106'8 106% 107%, 74,707
lOGig 106% 106% 107 14 106
•136
136% 136%] 13612 13612 I36I4 136%
137
320
12778 127^8 127 I2714 127 1277r
1,017
128 128
*12
*lll2 14
14
405
14
13% 13%
14
*30
•30
•30
'30
35
34
34
34
36% 37 14 3612 377b 37% 38% 13,850
367g 37 12
99 12 99=8 99 100
99% 100 100 100% 5,066
52I2 52 12
5314 54%
53
1,900
53
II9I2 11768 118%i 117% 118% 117% 118% 381,617
I6I3 •16
*16
I7I2
16
17
16
700
121
'I3513 13612
25
108
Missoiu'i Pacitlo
Eichmoud *
4II4
44^8
121
24
69
Michigan Central
Minneapolis & St. Louis
Norfolk
14
141
65
4378
assifl 13912
Indiana Hloouiingt'u &. West'u
Lake Erie i Western
tt
19I2
641-i
41
Jan. 28.
121% 120% 121
Illluois Coutral
Mobile
12
Jan. 27.
Week
Friday,
Jan. 29.
137% I37I2 137% 137% 137% 138
I2714 128
Chicago Rock Island & PaciHc. 129 129
14
14
13
13
Chicago St. Louis & Pittsburg.
*30
34
34
pref. »30
Do
36%
37^8
36
Minn.
&
Oui
30%
Chicago St. Paul
101
98
99%
piel. 100
Do
5II4
51
53
52 12
CleTfland Col.Cln.& Indiauap.
Delaware Lacka\vauua<fe West II6I2II712 II6I3 II8I2
RioUrando
17
171a
Denver <Si
23
23
Asscssiuont paid.
Do
3I3
4I2
4
318
Kaet Tcnuessee Va. & Ga
6I2
6
6%
jirel.
8
Do
-67 13 69
Evansville & Torre Haute...,
2319 23^8
2314 24
Fort WiulU & Denver (Jity. ...
8I2
*6ia
8
8
Green Bay Wiuoua & St. Paid
32
32
Houston <te Texas Coutral
Lake Sljoi e &
Longlslaud
6559
4II4
43% 43%
43 18
Sales
of the
Wednesday, Thursday,
13714 135^6 13612 13«7a
9038 91=8
9112
92^6
pret./ 130J2 137
Do
Tuesd.ay,
66% x64% 65 14
40% 39% 39%
4314
*10Ja
-1SJ2
Monday,
JAN.
5
7
29
7
9
19
1»
2a
5
28
27
15
28
11
6
2
6
6
13
2
28
6
29
JanCaby
THE caRONlCLF.
80, 1886. j
JAKVARV
UUOTATIUNS OF STATE AND BAILKOAI) B0MD8,
NTATK BONDS.
axon R1T1KH.
AUbama-ClMii A,
CUuB.ftH,
|ll>l<
HH
e«, lo-ioii, I9UU
ArkftnuAK— tU, fmnleil
7»
[
'
•
-i
7»,
IHI,
1!()
-H
1«
IS
><
7i>
till.
It
U
ul.
10
7
Ort, Ic.iin,
7«.
1U2
101
•'
'
gom,
T»,
ynndlng act. 1900
1914
.
Aak.
..
103
1A^
Iionda
4:<>]ih.)I.
'
1
-
oonpon.
B'J
'unoa.,..
(10
11
««,
5»4
DIstnrL
109
65^
IK
I
13 Is
oiuQibla
lie
8-8B«, 1924
Reglatered
6d>s
1
^
48
43
XO
ea,ne»,18Ua
90
Oh,
H«9
aarlaa,
C'mp'nilM>.S-4.5.ea,iei3
110<3U(i>!l'
108
M
10
N.Carollua-6i),ol(l,J,AJ.
JIU
IJ^HU
aid.
Virginia—Ofi, old
tf
1
new
6a,
8^4
SUV
1910
4a.
1910
]0»
113
118
121
1h;>v!V.V.."JC^!I
6«, lo»ll, 18i>3
10
II
JO'J
WU.U.AKikH.
OoDMl.
h«.
20
8
-, J.<tJ.,'9a.8
i^\, allcUnnflfl..
l>0
1(1.1
Ift
KR.
...M^. i...
IIH
Fuiiiluif. 1S1I4.98
aii"*
I^t. Jo.,'88.
Kr
.reg., 1887
SKutritiTiBa.
Twun aaee ConUnned—
Cootlnnml—
8a,dnel8S9arlHeO.... 108
Anyi'm or U nl v., due '9!l 112
IIIA
90, 1880.
S1CCORITI1J8.
A«k.
Bid.
Lonl^Una— 7a, oaiu.,iei4 84
Stamp il, -tit
Vi'v 72',
MiMHmrl-UK, 1886
loa
100
I'.IUtI
CUmO, 4v 1>*00
""
HKOURITIBB.
A«k.
Bid.
1806.
151
FandlngSa, 1899
iid'
RAILROAD BONDS.
8ECURITIK8.
SECURITIES.
Aak.
Bid.
Del. L.
Riillroiiil
Atili.l'.i:
^j-.
I
Sll:
11120
ns,
um.
;»,
I'JIO.
Atl.
Bui:
1^
„„
,
„,
,
RR.— Coiitlnne^l—
Pa Co.*84'aa.reg.,1921
Pitta.C.ASt. L.-lat,o.,7«
iBt, reg., 78
Penn.
Construction, 5a. 1923 107 |j09
Del. * Hud. Canal-lBt.7si 113"-^ 1*6
•87', 88
Jack. I.an. A Sag.— B8,'91
l8t, 6Xt„78, 1891
II8H1
Mllw. A No —1st. 08, 1910 idi'
Coupon, 78, 1894
•100
122 Hi!
1st, 6a, 18S 1.1013
l»t,Pa.biv.,cp..78,1917 1381,
Ill",}
MU.L.S.AW.-l,st,i;a,1021 114
lat. Pan. Div., res., 1917 *138
Midi, Div.-lat. Us, 10241 •111
Alb. A SU8i|.— lat, 7a... 107-\ 107=4
103 i04ii
Aahl'd Dlv.-.l8t,li8,1925 107
lat, cons.. gnar.73,1900 131
>135
138
lat, cons.. Kuar.Bs, 19001,1 18^4 119 li Mlnn.ASt.L.— lat,78,19'27 131
108
12s
Rons, vfc snr.— 1st, cp.,78 '1431b
Iowa Ext l9t,78, 1909
llSTg
113=4
ibd" 103
lOOHi Donv.AUloOr.— 1st., 73..
2d, 7s, 1891
104W
88
S'thw.Ext.— l9t.78.1010 '114
1st, consol., 78, 1910,
'i~
J
Col
1919.
— ist.Ss
!.,.'>8,1934
Mlim..v.'^I.l..-lst,7«,«ii
IB. City .t \Vft.lt.— l9t,7s
C. Kap. I.l'.A- .v.— l«t,B3,
iBt, 5<. 1!I21
p.— t:ou8.68
Bnff. S. Y.
Gentu-al. Os, llt24
Can. So.— 1 Bt, iut.){uar.,68 104-^
C—
*
2.1. 58,
88 's
105
U5
Uo
1K13
Central Iowa— IrN 7a,'9flt
Ka»t. Dlv.-l«ue3, r.)12
III. DIv., lat, «', 1912 ..
Chesapeake .fe oliio—
Pur. money filml., 1393. 114
107
0.... K'M. »orle» A., 1908.
81
0.., irul.l. scries I!„ 19081
Os.iMni.uicy. 1918
MorlK.»i,-e, Cs. 1911
Ches.O.,vv-i.W.-M., 5-08..
ChtcaKO.^" Alton—
latnioit..7!<, 1893
BinkHiK (unil, Us, 1903 .
La. & Mo. Klv.— l8t, 78.
2d, 78, 1900
,t Cbic— 1st
3U 1), 79,'94
2d, (3ti0), T.'<. 1S98-...
2d, guar. (1««), 7s, '98
6t. L. Jack.
lat, Kuar.
(
Trust Co. receipts
iDen.So.Pk.A Pac— l8t.7«
jDen.AUioC^l.West— l9t,68
Dot Mack. A -Marii.— 1 at, 6a
".J
I
100
93
118
122 <4
123
119
118
1919
Plain 4s. 1921
C.B.I. & I'.-lis, en., 1917
Ba, reg., 1917
Ext. & Col., OS, 1931...
Keok. A Des !d.— Ist. S:
Cent, of N. J.— 1st. 78. '90
l8t,cons.a8sent. 7s, 1899
Couv., aasenlcd.7s,1902
Adjustmout, 7s, 1903...
Couv. doljeut.. <>s, 1908.
Leh.AW.B.— Con.g'd.as.
Am.D'k&Ilup.— 58,1921
& St. P.—
lat, Lac. BIT., 78, 1H93.
lat, I.
M., 7s, 1,'<97...
l8t, I. <t D.,7«, 1890-...
1st, C. cfe M.. 7s, 1903...
Consol. 73, 1905
&
100
lOOS)
98 "a 100
,
Wis.*
Mlu.IJiT..59,19.!l
130
IW*
llOHi
110 111
112
107 '9
lOB
BS
104 '4
88
90'
138>4
129
133
121 12 123
124
12B
130
128
131
<-j
11534
-g
UBIq
IO2I4
118
141
133
6lnkin)?fiind,(ls, l;i2ll..
il(i"
Sinking
1111-2
136
133
112"
lOB', 107
1063, 106=4
130
Chlc.AMllw'kce- l8t.7s 125S, I26~j
Wln.&St. P.-l8(.7.s,-87 103
2d.7s,1097
C.C.Ct
I
"i2t>
nd-.s— I st.Ta.a.fd.
Consnl. Ts, 1914
Cnnsiil. sink. fd. ,7s, 1914
(icner.ll consol., B8.1934
Chic. St, P. .Min,
IIU
;o7
ibVi
108--V
124'
108
128
123
lis.
1030
1211)
C.St.P.&M.— lst«8,191M 125
Ko. Wla-lst.Bs, 1930. 125
St.P.&.S.C— lst,(ia,1019
Cllic.&.E.ril.— Iwt.s.f.cur.
Consol., 1st, Os, 1031. ..
Ollic.St.
GenI
CUic.
A
mort., 6a, 1932 ..
St.l,.— l8t.lia,1915
lllHi
Bonds, 7,s. 1900
Tsof 1X71, l:inl
Extension, 68,
Morgan's I.ii.AT.- lat, 68
lat.
70
113
85
110
•98
50
108
117
112
llOlla
*
llSia
87
68
lOOf^
118
iis"
112=4
109
110
911a
116
112
105
115
I
917,
118
119 «
120 121
llB-s 117
116
110=4
109 k
71%
•701a
28
"69" 101
70
69
931a 91
"941^
llBiai
102
I
64 »»
6414I
49
"w'\ 88 <a
83
76
80
88
,
114=4
.
108
109
10414110478
10
97'*
97
113>a 114
105
104
93
llli«1112>a
100
80
99
114
V 116"*
iOl'8
120
iifii
iVo"
83 ij
93
83%
93 la-
,11
Pons. A.\t.— l8t,«s, gold
L. Erie AW.-lat, Bs, 1919
113
110
Sanduskv Div.— Bs,19l!:
no
Laf. Bl.
ss
A
.\I,-lst,68,191!i
Pac, of
991,
•84
.
;
Ba
..
—
109 "4
•48
129
qaotatloiis
—
So. Pac. of .Mo
l8t,6s
Tox.it Pac— lst,(ia,1905
20
Rio
37
88
•20
.....>
......
82
26
Do
Gen. mort.
Pennsylvania
99 14
1031a
St.L.A.AI'.H
exAug.
si =8
44=4
ter.
UH.—
cp.
6e
.
Pa. Co 'atrnar Iia9,l9t,cp
made tlil8 week.
Bs,1921
PeoriaD.AEv.— Inc., 1921
Evansv.Div.— Inc., 1921
Roch.A Pittsb.- Inc,1921
Rome W. A Og.-Inc, 7a
So Car. Rv.— Inc., Bs, 1931
106
103
38=4
A
inc..
St. Jo,
30
om
621s
A
lOliallOS
t
1
Si"
3(i
•43
•43
•50
43
4 3
61
O'd lal.— 2d, luc
A
8IV1
46
6S
41
40
IIB
N.Y.Woodh,.tK'y— '-'d |U(
Ci»n ti ai
Income* . J.t
Ohio
—
i
— ~»I
45
23
60
62
130 t
^f .
Coupona oir.
^
IU%
I.,7f
M. S..7a
l8t, g., L. s.
J. So., Int. gMar,B8.1899
95
M -»
— Div. biU.,
Frrr I.I at.
CInASp.— l8t.c.c.A
27 >a
39
.
N.Y.LakeE.AW.— Inc.Bp
Ohlo so —2d.
107 i-j
108
110
pr.- reg.
Aug. cp. on
.t Id.
('., 6.9,
pref.,d,'benture3
4th, pref.. debtiuturoa.
20V
'231,1
34I.
Yd"
Consol,. Ba, lit05t
Income
107
111
A 108
A
8t
07 ^
lOlHi
* o prloua FruUy these are lateat
Mo.— lat,
2d, 7a. 1891
s. F
St, L.
2d, Ba, CI.
68, ClaasC, 1906
68, Class B, 1906
1st, O9, Pierce C,
O,
Equipment, 7a, 1895,.
Gen, mort.. 6s, 1931 ..
A
"ii"
•-M.Ba,1899
....-•)
'If.
Loniav,N,Alb.AC,— l8t,69
General niuit., B9, 1914
I.OU. N. O. A rex.— lat. 5a
911a
Mauhat.B'cli Co.— 78. 1 000 108
110
N. y A M. H'h- 1 9t.7a,'9
Metpn. Kiev.— l8t,B9,1908 lis ••a 116%
llGVi 117111 Mex. Cent.— let, 78, 1911.
1st, M., 7s, er-ci>.,6,7,AR
Mich. Cent.— (•nn;.7s.l902
*
24 >4
.
10-40, Bs, 19-24
0»«.A Cire.™.— l«t.(>8.191U •105
2d,6s. 11I2U
92
Col. H. Val..t Tol.— lat. Ss
851;; 85=,
Del. I,. A W.— 7a,e«uv.,'92 113
UB
Moitxage, 78, 1907
1.18
Bvr Bm •.A.\-.V.-lst.7v I3;t'>4 135'
Morris A Ksaex— l9t,7s 142 ij 44
2d, 7s, l.SOl
1892
1927
.
Loulav. v.. A I..— 8a,1931
Trust bonds, O9, 1922...
12G
llU
L.& p.— l.st.(»n.5a
CMc.AW.lud— lst,8.f.,8s
Rich.AAlleg.-lat, 7a,1920
Trust Co. receipts
112
RIcli.ADanv.— Cons..g..B8
Debenture Bs, 1927
107
Atl.ACh.-lat, l)r.,7a,'e7
1'20
lOlii 10214
124
1st, 7s. 1;I1S
Incomes, lilOO
1271-j
12614
124
124
Erie— 1st, extended. 79...
Nash,Chat..V:St.L.— l9i,78
>t Scioto Val.— 1 St, cons., 7a.
2d, 68, 1901
St. Jo. A G'dlal'd.- l8t.6a
2d, extended, 59, 1919.. 113
3d, extended, 4I29, 1923. 108
N. V. Central— 6a, 1887 .. 1041,.
St. L. A Iron Mt— Ist, 78.
106 Is; 106=4
Deb. certs,, extd. 58
4th, extended, 5s, 1920. 115
2d, 78, 1897
107
6th,7a, 1S8S
N.Y.C.A H — l.st, cp., 78 136 137
ArkansiLs Br'ch— lat, 7a
135ia'136la
Ist.reg., 1903
Cairo A Fulton— lat, 78.
1st, cons., gold, 7s, 1920 I.IOH, 131
12018
no
109=4
lat, coua.. Id. coup., 7a.
Deb, 59, 1904
Cairo Ark. A T.— lats 7a
Harlem— 1st, 79, coup.. 138 1139
Keorg.,lBt lien, 68, 1908
Gen. r'y A l.gr.— 5a,1931
338
lat. 7a, reg., 1900
Long Dock ii'nds, 7a, '931 117 11713
St.L. Alton A r.n.— l8t,7a
N.Y. Elev.— 1st, 78, 190B.' 1231a'
B.N.Y'.AE...lst,79,1910 138
2d, pref., 7s, 1894
90 >i N.Y.P.A O.— Pr.rn.0.s,'95
K.Y.L.E.A\V.->Jw2(lB8
2d, Income, 7a, 1894....
56
N.Y.C.&N.— Gen. 0.9,1910 83
Bellev.ASo. III.— l8t, 8a
Ex June, 1SS6, conn
04 14 54=4 St.P.Mlnn.A Man.— l8t,78
Trustee, receipts
Collat'l trust, Ba, 1922
N.Y. A N. Engl'd— 1st, 78. 130
Buir.A.S.W.-M. 69,1908
2d, 6a, 1909
117
lat, 69, 1905
Et. a T. U.— 1st, cons., Ba 1121a
Dakota Ext.— 6a, 1910..
98
N.y.C.ASt.L.-lat,B.S,1921
Mt.Vern'u— l.st, «8,1923 105
981a
lat conaol., 63, cp., 1933
97^5 98
Trust Co. receipts
PI'tAP.Marq.— M.Bs,1920 IIB
Mlu'8 Un.— l8t,6s, 1922
75
2d. 68,1923
St.P. A Dul.— Ist, 59,1931
iFtW.A Don.C.-lat.Ba... 86
114
77
78
N. Y. Silsq. A W.— lat, 63t
So. Car. R'v— 1st, Ba, 1920
aal.Har. A S.Ant— l8t,68
60
66
2rt, 7.S, 1905
Dehonture, 69, lS97t. ..
'2(1.69,1931
•92
Midland of N.J.— lat.Bs 100=1
West. Div.— lst,58...
Shenand'hV — l9t,78,1909
2d, 6s, 1931
N.Y.N.U.AH.-lst,,rg.,4s 111--2 112
General, Ba. 1921
N. Pac— (». 1. gr.,lRt,op,,r
Gr'nBayW.ASt.P.— lat,68 80
1121a 112=4 Sodna BayA So.-l8t.59, g.
1II218 Tex.Cen.— lat.a.f .,7a, 1909
Registered, Bs, 1921,,
Uulf Col.A S.Fo.— 78,1909 1171a 118''(
87 't 39
92--8 92=.,;
Gen., 2d, gold, Bs, 103:
Gold, Bs, 1923
lat, 78, 1911
N.o. Pac— lst,6s,g,,I02i
Bl
Han.ASt.J.— Cou.6s,1911 1201-1
Tol.AO.C— lst.g.,58,1935
Norf,AW.— Gon„ (is, 1031 10414
Hend.Bridge Co.— 1st, Bs. 1091a; 111
Tol. P. & W.— lat, 7s, 1917
H.A Tex.C.-lst M.L.,7at 102 10218 New River- lst,Bs,1032, 105 1031a' Trust Co. receipts
97
91
Imp. A Ext.— 68, 1934 .1 •90
lat. Western Dlv., 7at..
Tex. A N. O.— Istl 78,1905
•83
98
85
-\djustnit. M.— 78, 19'24,
Sabine Div.-lst,e8,1912
1st, Waco A No., 78t ...
80
84
105
Ogd. A LakeCh.— lst,B9..
2d, consol.. main line, Sa
Va. Mid.— M. inc., Bs,1927
53
Ohio A Mi98.— Cons. 8,1.78 120 14 ~..... Wab.st. L. A Pac— Gen.,6a
General, (is, 1921
•81
Consolidated 79, 189S... 1201a
Hous. E.AW.Tol.— lat,78
Chic. Div.— 5s, 1910....
'2d. consolidate4l,79,1911
Hav.Dlv.-68, 1910
2d. OS, 1913
•90
lie,'
93
IstSpriugtleld Div., 78
1 U.Cen.— Spd.Div.— Co. Bs
Ind'polis Div.- 63, 1921
109
Middle Div.— Keg., oa.
1st, general, 59, 1932...
Detroit Dlv.— Ba. 1921.,
Ohio (Jont.-l8t, T. Tr., 6a
C.St.L.AN.O.— 'ren.I.,78
Cairo Div.— 58. 1931 ...
1st, Min'l Div, 6a. 1921.
1st. console 73, 1897..
Wabash— Mort., 7s,1909
116
97=4
97
Ohio So.— 1st, 69, 1921 ...
2d. Bs, lyo'?
Tol. A W.— 1st, ext., 73
113 116
OregnACal.— l3t,6a.l921
Gold, 5a, 1951 -.
lat, St. L. Div., 79, '89
Or ATran9c'l-B3,';-2,1922 9513 95^1'
Dub. A S.
2d Div.,7s
2d, ext., 7s, 1893
94ial 95
Oregon Imp. Co —lat, Bs.
Ced. F. A Minn.— lat, 7a iis'
Equip'tbda., 78, '83,
Oreg'nIlR.ANav.— l8t,68. 11218 II2I3
Ind. Bloom. A W.—
Consol. conv., 7a, 1907
116
101
Debenture, 79. 1887
lat, prel., 78
Gt. West'n— lat, 7a,'88
9712
Consol., 58,1925
lat, 5.69, 1909
1031a iOSlig
2d, 79, 1893
811-j
Panama— S.f.,9ub.69,1910
Q.ATol.-l»t,78, 1890
2d, 5.69, 1909
100
106
Peoria Dec. A Ev.— Ist, 6s 105
991a
Eastern Div,— 69, 1921.
Uan. A Naplea- l8t,78
99
Evans. Dlv.— lst,B9,1920 103= 104
Indianap.D.ASpr,— lst,78
lll.ASo.Ia.— lat.ex.,6s
Peoria A Pek. Un— lat.Ba 101
lut A (Jf. No.— Ist,63,sold lib
StL.K.C.AN.— H.e.7a
83
Pacltic RR.—
Coupon. Bs. 1909
Omaha Div.— lat. 7a,
114 II414
Cen. Pac Gold. 6a
Keut'kyCcnt.— M.Bs.leil
C'lar'daBr.—68.1919
.
San Joaquin Br. — (is.. 110 113
Stj»mped4p, c, 1911.
St.Chas.Bge.— l8t.69
Cal. A (Jregon- Ist, 6s 101
Knoxv. A O.— 1.9t,6s,1925
No. Missouri— 1st, 7s.
Cal. AOr.— Ser. B., 69. iOl
Lake Shore A Midi. So.
W.St. L. A P.— Iowa dlv.,6s
Land grant bonds, 68. 104^8 105
Cleve A Tol.— N bd8.,78
Trust Co. Receipts
117
West. Pac— Bonds, 68.. 110
Cleve, P. A Ash,
West shore — Ist, guar., 48
No. R'way (Cal.)— lst,63
Bult',AErie..S'ew bda.7s 123
West.Un.Tel.- 73, 1900 ..
lOBia 107 14
105,
.So, Pac, o( Cal.— 1st. Bs.
Kal. A W. Pigoon-lst
7s. 1900, reg
So. Pac. of .\riz. — 1st, Bs 100
Det.M.AT.— Iat.7s,ly0(i
NW.Teleeraph.— 78,1904
128
So.Pac.o»N.Mex.-lst,6s 100
Lake Sh'>re— Div. bonds
Mnt.Un.Tol.-S.fd.6a,19H
llSi-.,
131
Union Pacltic— 1st, Bs..
Consol.. coup., 1st, 78
Col.C.A Ir.Co.— lst.con.63
130
.
L.ind (frants, 78, '87-89 105=4
Coaaol., reg Ist;, 78
Income Houila.
121-14 122
Sinking fund, 8s, '93.
(Interest paynhle if earnnt.
Consol., coup., 2d, 78.. I2214 1221%
122118
121
122
Reg, 8s, 1893
Atl. A Pac— Inc.. 1910...
Consol., reg., 2d. 7s..,
104
(Jentralof N. J.— 1908 ...
MahoningCoalR."l9t,5s
Collateral Trast, Ba.
Chic. A E. 111.— Income .,
Do
Long Ifii. It R.— lat, 7s, '98 121
53, 1007 •94
112
E.'r.V.AOa.-Inc.,Bs.l931
Kans. Pac— l9t,6s,'95 1141a 115
1st, consol.. OS, 1931
113
lat,B3. 1896
Gr.B.avW.ASt.P.— 2d.luc.
Louisv.A Nash. —Cous.,78 122-is 124
109
Ind.Bl.AW.— Con., incBs
Denv.Div.6s,ass.,'99 113
Cecilian Br'ch -79,1907 107
la
Ist. consol., 6s, 1919. 100-V 100
Ind'sDec.A Spr'il — 2d,inc.
N.O.A.Mob -.l3t,6a,1930 101
88
C.Br.U.P.— F.c,,7a,'95
...
Truat Co. receijits
2d. 8s, 1930
AtCAP.— l.st,08.1905 ids" 104 Leh. A Wilkesb. Coal— '8k
E. H. A N.— lat.69, 1919 113" 118
1023, 1031a
At. J. Co.* W.— lat, Bs 100
General, Ba, lii30
Lake E A w.— Inc., 7s,'99
93
98
Oreg. Short L.— lat. Bs 100
100 la
Sand'kyDlv.- Inc.lO'Jd
Penaacola Div— Ba,1920
•98
110
I,af.Bl.AMun...Inc.,'78,'9i(
St. L. Dlv.— 1st, 69, 1921
Ut. So.— Gen., 7s,1909
Exten.. 1st, 7b. 1909
90
2d, 3s, 1980
Mil. L. sh. AW.— Incomes
122'
Mo. Pac— lat. cona.,68. 109 IO9I2 .Mob. A O.— l-r.pif.debou
Naahv. A Dec— lat, 78.
'11712
3d, 79, 1906
S. A N.Ala.— S.f.68,1910
2d, i)ref.,debenture3
Collateral tiuat, Oa,
1...
A Om.—
Cousol.
88 ig
114
107
,
Iowa Miilland— Ist, 88.. 135
Ott.C. F. ,t St. l",-l«t.5s
Nortli.IO.-Ist 5a. lOU).
A Ohio—New 69..
1101a
.
25 yearsdeb.. 5s, 19t)0..
E.scanaliaA l„S.— Ist.Os 114
Des M.A .Mln'ap— l»t,7» 124
MILA .Hail.— I9t.6s.l005
Cona.,7a, 1904-5.6
1161a!
90
Coua., 2d, lucoino, lOU
lI.A(;ent.Mo.-lst.78,'90 iio' 112
67 '4 Mobile
B7'i8
Oa.
C—
124
120 's 121
103-181
103
103 >»l
idi -3
101-
Nortliwost
C> «80'. bonds. 7.S. 1915.
Coupon, gold. 7s, 1902
HeeiatM. Kold. 7,s. 1002,
Peninaulifc— 1 si, oouv.,7s
74 14
98
Y.-lat,
Og.-l9t,7s.'01
lat, ext., 59, 1922.
Roch.A Pitt.— 1 at. Ba, 1 92
Consol., 1st, 6s, 1922...
(.Umi.,
I
108
U6
.t
BlBk'grd.,deb..Ss.lll33.
117" il8>a
McK. A
Pitta,
RomeW.A
'
1081, 1091a
19i
Terminal OS. 1914
Fargo & So. 5s, A»su.,'24
funil. .'.3.1020..
A..
O.-l9t.79,1900
3ia9, 8.
98 •!
92
I
I
iso'i 132
130
l8t,79.I.AI>.Est.,1908 127
llo'-a
lat, 8. \V. I)lv..(is. 1000
lst,5a, LaC.ifcDav. 1019 100
lst,S.Minn.Uiv.,«s.l010
Ist. H. A I)., 7s, 1910...
Cblc.JiPac.Div.,Us.l910
lat,Chlc.AP.W.,5.s,1021
Min'l Pt. Div.,r,9, 1910.
C.J;l,.Sup.Dlv.,5s,1921
50
I
Cbic. Mil.
l8t,83, P. D., 1898
2d. 7 3108, P. 1)., 1898.
Ist, 78, * e.. It. n., 1902.
801.J
'
—
4.S.
A
89 14
Pac. Ext.— 1st, (is, 10-JI 107
82
93
Imp. A Eqilil».— Os.1022
73
Mo.K.AT.-OenI,.Bs,1920 9H.J
S3
77 14
General, 5s, 1!)20
72=4
lat. cons., 5.9,1930...
£x coupona 9 to 12
Divisional 5a. 1930 .Ellz.c.A X.—.8.f.deb.,o.,68
81>a
lat, Ba, 1920...
i-i
Ellz.Lex.A Big Sandy— 68
&
Sinking fund,
Land grant.
B.T.Va.
Mlss.R.lir'KC— Ist.B.f.Bs '106
Quincy—
<aiic. Burl.
13«
137 Hi
Consol. 7s. 1!I03
6s, HlnkiuK fund, 1901,.
ib"-?'
i"07"4
6.S, debentures, l9l:i
la. Div.—.'S.M. ,5s, 1919 'llOij
Denver Ulv.—4s, 1922..
.
1
48
.1138
128 >«l
109 >ai
St.L.V.A'T.lr.— l8t,g..7B 118
10813
2d, 7»,1898
2d, guar., 7a, 1898 ....
Pino C'k R'y-fls o( 1932
106
Pitt9.Cleve.ATol.— l8t,68
Pitts. June— l9t, Bs, 1922
—
!
142
138>gL
&
'
1
I04lgl05
118
2d, 79. 1913
Pitta Ft.W..t
l»t,7e
2d. 7s, 1912
3d, 78, 1912
Olev.
P.— Cons a fd..78
4tU,«.f.,B9, 1892
1
i
Bn:'
Cblc.
8KCURITIKS.
Ask.
Bid.
Michigan Cent.— Cont'd—
•Ill's
Consol., 58, 1902
69,1909
109
Coupon, 5a, 1931
Registered, 3.S. 1931.... 108
M.v&K.— 1st, oou.,«cu.,7s 130^1131
N. V. Lnok.AW.—ist.Os, l-'S ;i3o
1!i)M<1>i.
K
{Stmk
,
SECURITIES.
Aak
Bid.
A W.—Coutln'd-
2,^>l
30
THE CHRONICLE.
152
Bank Stock
PRICK.
00MPANIB8.
Marked thas (') are
not National.
America"
Amer. Exohukse...
Broadway
Botchers'
Central
*
Drov's'
Obase
Ohatbam
Ohemlcal
Oltlzena*
City
Commerce
Oontljiental
Com Exchange*
Bast River
Kleventh Ward*
IWth Avenue*
riTst
Fourth
FuEon
oSatlD
Qarfleld
——
German American*.
Germania*
Greenwich*
Sanover
A Tradere'
Irving
Leather Manuf 're'..
libp.
Manhattan*
Market
Mechanics*
MechaniCB'<fc Trade'
Mercantile
Herooants*
Merchants' Exch...
Metropolitan
Nassau*
New York
BTew York County
N. Y.Nat. Exoh...
Ninth
North America*
North River*
Oriental*
Pactao*
Park
People's*
Phenlx
Bepnbllc
St.
Nicholas*
Seventh Ward
Second
Bhoe«& Leather
State of New York*
Third
Tradesmen's
United States...
Insurance Stock lilat.
by B. S. BaUey, e'a Pine St.]
PRICE.
[Prices
Lilst.
Ask
Bid.
100
100
25
25
100
100
25
100
25
100
100
100
100
25
25
100
100
100
30
60
100
75
100
25
100
100
50
100
60
100
25
25
100
60
60
100
60
100
100
100
100
70
80
25
60
100
25
20
100
100
100
100
100
100
100
40
100
172
136
167
133
275
142
116
160
160
2800
115
260
167
112
1S2
170
196
110
110
600
1000
130
l'J6
COMPANIIBS.
143
266
130
160
150
147
163
131
101
421a
126
ISO
160
i'lf
108
120
160
125
115"!)
100
135
121
Bid.
60 150
96
... 100
IS5
26
Bowery
25 170
Broadway
17 165
Brooklyn
20 116
Citizens'
70 116
City
100 120
Clinton
25
50
Commercial
100 214
Continental
40 240
Eagle
80
100
Empire City
75
30
Exchange
60 108
Farragut
86
17
Firemen's
35
10
Firemen's Trust
40
Franklin &Bmp.. 100
German.Amerloan 100 230
60 125
Germania.
60 107
Globe
25 195
Greenwich
70
100
Guardian
15 108
Hamilton
50 126
Hanover
100 130
Home
72
40
Howard
30 115
Jeflferson
Kings C'nty (Bkn.) 20 210
85
40
Knickerbocker
85
Long Isl'd (B'klyn) 50
Manutac. & Build 100 103
40
26
Mech. & Traders'
76
Mechanics' (Bklyn) 60
55
60
Mercantile
50 112
Merchants'
95
Montauk (Bklyn.). 60
Nassau (Bklyn.) .. 60 140
37 >3 86
Rational
165
36
N. Y. Equitable...
65
100
N. Y. Fire
50 144
Niagara
26 100
North River
26 165
Pacific
100 104
Park
20 145
Peter Cooper
People's
60 105
60 140
Phenlx
26 116
Rntger's
60 lOO
Standard
60
100
Star
65
100
Sterling
25 107
Stuyvesant
133
26
United States
10 120
Westchester
Williamsburg City. 60 230
American
Amer. Exchange
—
—
160
156
142
108
124
Par.
—
.
110
200
140
Ask.
166
101
145
175
176
125
120
125
30
225
250
86
100
115
90
45
50
260
130
116
220
75
116
132 ij
135
78
123
225
96
95
110
46
85
60
115
100
160
90
175
75
IBO
108
175
110
U5
110
145
120
105
65
60
119
140
125
240
101
201
Gaa and City Railroad Stocks and Bonds.
[Oaa Quotations by GKO. H. Pasimsa A CO., Brokers, 49 Wall Street.]
OAS COMPANIES.
Brooklyn Ga8.Li«tht. . .
Citizens' Qas-L.(Bklyn)
Bonds
25
20
1,000
ConsoUilated Gas
100
Jersey City «& Hoboken,
20
Metropolitan— Bonds . . 1,000
Mutual (N.Y.)
100
Bonds
Nassau (Bklyn.)
1,000
Scrip
People's (Bklyn.)
Var's
10
1,000
Var's
25
Bonds
Bonds
Williamsburg
60
Bonds
Nov. 2,'85 126
2,000, 000 Var's
'
1,200, 000 Var's
Jan. 1,
85
260, 000 A.&O.
104
Deo.15,'85 101
35,430,,000
756,,000 Quar.
Feb. 1,'86 150
1902
700,,000 F.&A.
114
8,500,,000 Quar. 212 Jan.10,'86 137
1,500,,000 M.&N. 3
1902
103
1.000 000, Var's 2 Jan. 1, '86 129
7oo: OOOlM.cfeN,
Nov. 1.'85 100
1,000 ;000l (iuar.
D6C.15,'85
400, 000 M.<tN
Nov. 1,'85 102
130,,000 A. &0.
Oct. 1.'85 98
1,000 ,000 Quar.
Jao.20,'86 157
1,000
Metropolitan (Bklyn.)..
100
1,000 000 A. AG.
1,000 ,000
Municipal— Bonds
1,000
Ihilton Municipal
760 ,000
100
3,000 ,000
300,,000
2,000,000
1,000 000
Bonus
Xqnitable
"ibo
Bonds
1.000
by H.
[(Quotations
Bl'cker St. A Fult.F.—SIk
Date.
Amount. Period
Par.
L.
100
1900
112
96
105
Jan.16,'88 167
1900
106
Jan. 1, '86 137
1899
110
Jan.
Istmort. bonds
1,000
Bnshw'kAT. (Bkln)—Bt'k
100
Oontral Crosstown— Stk.
100
Istmort
1,000
Oent.Pk.N.<& E.RlT.-Stk
100
Oonsol. mort. bonds
1,000
Ohrlsfph r<&10th St— Stk
100
Bonds
1,000
I>TyDk.E.B.<& Bat'y—Stk
100
1st mort., Gonsol
eooi&c.
Scrip
100
BUhth At.—Stock....
100
Scrip
100
iSd A Or'nd 8t.P'ry— Stk
100
Istmort
1,000
<2d St. Manb. A St.N.Ave
100
,
Istmott
1,000
Sd mort. Income
1,000
HoustW.8t.iftP.F'y-Stk
100
Ist mort
500
Ninth Ave
100
Second A v.— Stock.
100
Istmort
1,000
Consol
Sixth Av.—Stock
Istmon
»hlrd At.—Stock
Bonds...._
Tranty.tUrd
Istmort
*
St—Stock.
1,000
100
1,000
100
1,000
100
1,000
128
86
107
102
160
117
140
106
131
86
106
101
160
115
98
110
158
109
145
113
Gbant, Broker, 145 Broadway.]
900,000
>4
Jan., 1886
2711
Jnly,1900 114
Jan., 1886 276
Jnne.1904 109 ig
500,000 J. & J. 5
1914
108
1,500,000 J.& J !i
1924
110
1,000,000 J. & J 5
1905
106
2,000,000 Q.-F. 3'a Feb., 1886 208
800,000 J.<& I. 6 Jan., 1902 108
200,000 A.&O. 4 Oct., 1885 168
400,000 J.& J. 7 Jan., 1888 105
500,000 Q.-F. 2 Feb., 1886, -„.
162
600,000 Q.-J. 1»4 Jan., 1888 160
250,000 M.iN. H N0V..1922 114
1,800,000 Q.-J. 2 Jan., 1886 141
1,200,000 J. &D. 7
Dec, 1902 122
650,000 Q.-F. I'l Nov.,1885'l85
250,000 A.cfeO. •1
Oct.. 1898 110
1,200,000 a-F. 2>i Feb., 1886
900,000 J. AD. 7 June, '93 114
1,200,000 F.4 A. 6
Feb., 1914 106
1,000,000 Q.-J. 2 -I Jan., 1886 240
1,000,000
A. 6
Feb., 1914 107
748,000 Q.-F. 4 Nov.,1885 255
236,000 A.&O. 7 April, '93 112
2,600,000
14
1,200,000 m'.&s. fi"
1910
110
1,600,000 J. <fe J. B
1915
63
250,0001 Q.-F. 2
Feb.. 1886 160
600,000l J. & J. 7
1894
113
800,000 Oct. 3
140
1,882,000 J. <6. J. 6 'Jan., 1886 204
400,000 M.&N. 5
1910
107
1,050,000 M.&N. 7
May, '88 106
1,500,000 M.dt 8. 6
Sept., '85 190
500,000 J. & J. 7 July, •90 110
2,000,000 Q.— F. 4
Feb., '86 320
2,000,000 J.* J. 7 Jan., 90 111
600,000 F.dtA. 4 Feb., •86 290
260,000 M.AN. 7 May, '93 112
,">
2dmort
1.000
B'way Surface bds.gnar. 1,000
Bonds guar
MOO
Brooklyn City—Stock
10
iBtmort
1,000
Bklyn. Crosstewn—Stock
100
1, '86
1888
Istmort
1,000
700,000 J.& J. 7
Br'dway <& 7tli At.—St'k.
100 2,100,000 (i.-J. 2
Istmort
., 1,000 1,500,000 J. &D.
FA
IkU «olaMii slioirs last dividend on .tocJc, bu
XUl.
Qaotations la Boston, Plilladelptala and Baltimore.
Local Securities.
New fork
[Vol.
SECURITIES.
Bid.
BOSTON.
Atoh. & Topeka— lat, 7s.
Land grant, 7s
Boston & Maine— 7s
Boston & Albany—7s
—
SECURITIES.
Ask.
125
124
12514
Cons. 6s, 1921
Ist, Tr. 88, 1922
Buff.Pitts.* W.— Gen.,6s
Cam.
* Ambqy—68, c.,'89
Cam.
* Atl.— lst,78,g.,'93
98
2d, 68, 1904
.... 119
Cons., 6 p. c
Cam. * Burl. Co.—Os, 97.
Nebraska, 6s... Exempt 5119
1081a Catawissa^lst, 78, con. c.
Nebraska, 6s.Non-ex'pt S
95
Chat. M., 108,1888
Nebraska, 4s
i
New 7s, reg. * coup
Conn. & Passumpsic— 7s.|
Connect'g 8s, en., 19(10-04
East'rn, Mass.— 68, new.. 123
Cor.Cowan&Aiit.,deb.68,
Fort Scott & Gull— 78....'ni7
Delaware— 68, rg.&cp.,V.
K. City Lawr.A 80^-68.. SllO'-a
125
Del. & Bound Br.— lst,78
K. City St. Jo. & C. B.—78
Bast Penn.— 1 at, 7s, 1888
Little R. & Ft. S.— 7s, 1st ni7
K. City Sp'd & Mem.— 68 IIOI4 llOia Baaton&Amb'y— 58, 1920
483, El.&Wmsp't^lst,68, 1910
48',
Mexican Central—7s
Burl.* Mo.— Ld. gr.,7sJ3
Income
530
Debenture, lOs
N. Y. & N. England— 7s..
109
109 ia<
Mort., 68, 1889
88
BoatouA Lowell— 7s
Scrip
Ask
Bid.
Buff.N.Y.* P.— Oontd.—
13
83
129»4 ISO'f
120
119
116 1]6'4
* 80. Pao.—78 124 125
98
Ogdenab.A L.Ch.— Con.6s 595
{32 la
Income
Old Colony— 6s
Pueblo & Ark. Val.—7s, 51231a
106
Rutland— 8s, 1st
9934 100 14
Sonera— 7s
2d mort
N. Mexico
131
126
123
105
112
118
105
5s, perpetnal
103
Harrisb'g— lat, 6s, 1883
H.*B.T.— l8t,7s,g.,1890 112
Cons. 6s, 1896
84 >a
ds
1131g 116
89ia<
Ithaoa&Ath.— 1st, gld.,7s
Jack. & Sonthe'm— lst,6s
Gen., 6s
Leh.V.— lst,6s,C.&R.,'98
2d, 78, reg., 1910
CAR.,
1923..
N. O. Pac— 1st, 68, 1920.
No. Penn.- 2d, 7s, cp. '96
Gen., 78, 1903
Cons. 68,
126
141
1331a
67
1271a:
129 1»
110
Debentiire 68, reg
STOCKS \
Norfolk & West.— Gen.,6e 104
891a
Atchison & Topeka
8'8
8=8
106
N. R. Div.,lst, 88.1932
Atlantic & Pacific
180 14
N. Y. Phil.* Nor.— iBt, 68 103^ 10*
Boston* Albany,
43
128
48
Inc., 68, 1933
Boston ALowelill...
Oil City* Chic— 1st, 6s
Boston & Maine
,*}52
96
186 186 = Oil Creek— let, 68, coup.
98
Boston <& Providence
132
PennsylT.—Gen., 68, reg
Boston Revere B. & Lynn ....
lOia
10
Gen.,6s, cp., 1910
CaUtornIa Southern
124
88
5
Cons., 6s, reg., 1905...
Cambrid.ee
1221a
....
108
Cons., 68, coup., 1905.Cheshire, preferred
110
62
60
Con8.,58, reg., 1919-..
Chic. & west Michigan..
16
1211s
Pa. *N.Y. 0.-78, 1896
Clnn. Sandusky <fc (Sieve.
|slOo
107
1321s
7,1906
Concord
95
Perklomen— 1 st, 6s,cp.'87 94
Connecticut River
108
Phil.*Erie— lat.78,cp.'88
Conn. & Passumpaic
61a
Cons., 68, 1920
Cleveland & Canton
111
24
Cons., 5s, 1920
PrefeiTe<l
8I4 Phila. Newt. * N.Y.— 1st
Central of Mass
122
29
Phil. & R.-l St, 6s, 1910.
Preferred
118
116
2d, 78, coup., 1893
Det. Lansing & No., pret. 5110
70'4 80
1231a i24"'
Cons., 7s, reg., 1911 ...
Eastern, Mass.
124
125
Cons., 78, coup., 1911 .. l'i8
Fltchbnrg
161a 17
Cons., 6B,g., I.R.C.1911 UII3
Flint A Pere Marquette.
'
83
Preferred
Imp., 6s, g., coup., 1897 103
881sl 89
87
Gen., 68, g., coup., 1908
Fort Scott <fc Gull
»8ia 88V
—
Preferred
Gen., 7b, coup., 1908
49
60
Income, 7a, coup., 1896
Iowa Falls <fc Sioux City. 721s
48
50
48
Cons. 5s, lat 8er.,c.,1922
Kan. C. Clin. & Springf d
23»4
65
Mem.
1938
&
8er.,c.,
Springf.
2d
Kan. C.
Cons. 68,
46
60
45'V
Conv. Adj. Scrip, '86-88
Little Rock & Ft. Smith.
1634
Debenture coup., 1893J
Louisiana & Mo. River..
516
545
1882
Preferred
Scrip,
2434
121
26
Conv., 7s, B.C., 1893..*
Maine Central
26
27
Conv. 78, cp.off, Jan.,'85
Marq. Hought'n & Onton.
81
Phil. Wil.* Bait.—48,tr.ct ioiiilibg"
Preferred
.....
961a 98
124
Pitts. Cin. &St.L.— 78..
Metropolitan
42
lOia 10=9 Pitta. Titua. A B.—7s,cp.
48
Mexican Central
ShamokinV. * Potts.- 7s
Nashua & Lowell
89^ 39'8 Snnbury * Brie— 1st, 78
N. Y. & New England ...
139
105
1391a Sunb. Haz. * W.— 1st, 68
Preferred
125
102
Northern of N. Hampsh.
2d, 6s, 1938
Syr.Gen.* Com.— Ist, 7b
Norwich* Worcester...
160
Tox. & Pac— 1st, 68,1906 lOSlg 1061a.
Old Colony
ISia
721a 75
Consol., 68, 1905
Ogdensb. & L. Champlain
40
Union & Tltnsv.— lat, 7s.
Portland Saco & Portsm. 5123
24
25
United N. J.— Cons.8s,'94
Rutland— Prof erred
Summit Branch
Cons. 6s, gold, 1901.
118
Worcester Nash'aA Roch
Cons. 68, gold, 1908.
104
191a
Wisconsin Central
Gen., 4s, irold, 1923.
527
Warren * F.— Ist, 7s, '96 108
Preferred
113
Cons.
78.
Chester—
West
PH1L.ADEL,PH1A.
W.Jersey— 1st, 8s, cp.,'96 117
RAILROAD STOCKS.!
128
1st, 78, 1899
Allegheny VaUey
114
Cons. 6s, 1909
Ashtabula* Pittsburg..
W.Jersey&Atl.— l8t,8s,C 107
Preferred
Western Penn.— 68, ceup. lllia
Bell's Gap
110
4^4
6s, P. B., 1896
Buffalo N.Y. & Phil
Gen., 78, coup.. 1901...
Preferred
CANAL BONDS.
Camden * Atlantic
86
88
34 'e
Chea. A Del.— 1st, 68,1886
Preferred
Lehigh Nav.— 68,reg.,'84. 112 lis
S....,
Catawissa
119
1897
reg.,
Mort.
RR.,
64
preferred
Ist
i29V
Cons., 78, reg., 1911 ...
60
2d preferred
"86>» 87
Pennsylv.— 6a, cp., 1910.
Delaware* Bound Brook 5186
l8t,68,rg. 101
Nav.—
Schuylk.
42
Pennsylvania
East
69
71
45
2d, 6s, reg., 1907
Elmlra & Williamsport..
601a
Preferred
BALTIMORE.
'
—
I
i
I
.
29
118
285
111
109
lbs"
212
112
176
112
167
165
118
142 la
125
140
2cip
116 "a
109
260
110
260
117
46
112
71
156
118
1421a
207
109
116
330
lis
300
114
date of maturity oibonOi.
Huntlngd'u
& Broad Top
BAILR'D sTOCKS.tPar
57
Preferred
57
Lehigh Valley
Preferred
Little Schuylkill
Mlneliill * Soh. Haven...
Neanuehoning Valley
Norfolk * West'n—Com.
Preferred
Northern Central
561a
86
87
Atlanta A Charlotte...
100 180 185
Baltimore A Ohio
130
1st pref
123
2d pref
6
60
Parkersburg Br
49
69
60
Central Ohio—Com
56
Pref
11 Hi
60
Western Maryland
71 » RAILROAD BONDS.
701*
Atlanta A Charl.— 1st....
631a 63=8
Pennsylvania
Inc
21
Philadelphia* Erie
rtaltimore A Ohio 4s
Phlla. Ger. & Norrlstown 1091a
Cen. Ohio.— 68, lst,M.A8
North Pennsylvania
—
Phila.
Phila.
Phila.
Newtown * N.Y.
"16"
* Beading
WUm. * Bait
Plttsb.Cln
& St. L.—Com.
Companies.. 208
49
West Jersey
West Jersey * Atlantic. 39
United N.
J.
210
RAILROAD BONDS.
Gap— let, 7s,
—
.
1st, 6s,
1893.
1905
Consol., 68, 1918
Buff. N.Y.* Phil.— lst,6s
2d. 7b. 1908
•
Ex.divldend.
I
109
103
Per share.
2d8
8ds
2d8
No. Central lias, J. * J
68,1900, A.
68, gold.1900, J.*J....
47
Allegh. Val.— 7 3-108, '96 no's
112
78, E. ext., 1910
15
Inc. 7s, end., coup., '64
Ashtab. * Pittsb.— lst,68
l8t,68,reg., 1908
1073, 108
Bait. * O.E. Side— Certs
Belvld'e Del.— l8t,68,1902 118
3d, 68, 1887
1031a
Bell's
2d
1st Inc, 58, 1931....
Columbia* Greenv.- Ists
CANAL STOCKS.
Lehigh Navigation
Pennsylvania
Schuylkill Nav., pref...
A Aug.—1st..
Cin. Wash. * Bait.— Ists.
Charl. Col.
lOis
106
6s, Series A
58, Series B
Plttab.ACon'ells.-7sJAJ
100
106
110
llllg.
114lg 116
112
102 1« 1021s
7114
42=8
109
71H
42
.95
120
122
107
1061a 107 v.
1241a
.
125
W.Md.— 8s,
Ist, g., J.<S
J
2d, pref., J.
*
2d, guar. byW.Co.,J.*J.
J..
6s, 3d, guar., J.
Aug.— 6s. . Wilm. C
A
*
A Weiaon—58
1061a
107
103 1«
.
120
78
default.
5
V
10919
Union BR.— 1st, gua.J*J 116
116
Canton endorsed
Virginia * Tenn.— 68
WU.
tin
*0
119<« 120
Last price this week.
Jantjaby
THE CHRONICLE.
80, 1886.]
RAILROAD EARNINGS.
LaUit Samitmi Reported.
ROADS.
Week or Mo
188S.
1886,
a
Bout. H. T.
Boff.N.Y A
A W.
wk Jan.
8,272
;i<lwk Jim.
42,(KK);
;)(l
I'hll.
Buir. Kooliitl'ltt
:!il
Bnr.Ci-d.K.A
.'il
Nc
wk
«k
wk
Jan.
Jan.
M
889,2.50
998,5.30
74,000
15,6H9
47,960
46,313
23.653
211,400
53.329
115,108
70,730
35,926
21,304
22(1,31)0
21,1,34
18,700
1-1,840
79,113
10,353
15,499
62,427
22,332
274,053
8,100
41,986
36,606
100.873
25,778
484,566
570,700
5,300
35,700
21,100
62,100
632,800
123,819
71,897
33,697
4,447
117,468
677,440
7,742
207,200
62,585
17.'<07!
23,4.58
52,0.^>.">
.">-<. ()l)4(
40.86M
."i2,ti.'i(i'
147,919
131,000
17,886
36,808
58,220
39,791
18,.570
42,849
32,«31
10,592
10,535
9,602
7,563
26,801
13,127!
9„581i
8,779
36,897!
6,973
91,.'>2^
A
wk Jan.
wk Jan.
wk Jan
Ut wk Jan
K'wav A ff.
Grand Trunk ... \Vk.Jan.l6
Ill.Cont.(Ill.ASu) 3d wk Jan.
Cedar b" A.Min. 3d wk Jan.
I)ul).ASlo\ix C, 3(1
la. Fall.-* A S.r. 3d
wk
Jan.
wk Jan,
Tot. Iowa liue«i3d wk Jan.
Total all Uiics. 3d wk Jan
Ind. Bloom. A W. 3d wk Jan.
K.C.Ft.8. AGnlf. L>d wk Jan.
Kan. C. Sn. A M. 'Jd wk Jan.
A
8i>...|2dwk Jan.
Island
;3d wk .Ian.
wk Jan
wk Jan,
3d wk Jan
3dwk Jan.
Loiiisv.A Nashv. 3d
Mar.lIoiigli.A O. 2d
•Mexican Ccnl'l.
Mll.L.Sh.AWest.
N. Y. City A Xo. -20 dya Jan
Norfolk A West. 3d wk Jan.
Oreg. R. A N. Co. 3d wk Jan.
PoorlaDec.AEv. 2d wk Jan,
8t. Jo. A Gd. Isl. 3d wk Jan.
8t.L.AltonAT.H. 3d wk Jan.
Do Branches. 3d wk .Ian.
ei.Lonis A (^airo 2d wk .Ian.
et.L.A.Sau.l"ran. 3d wk Jan.
Bt.PanlADuluth 3d wk Jan.
Tex. A St. l.oiiis 2d wk Jan.
Wisconsin Cent'l 2d wk .Inn.
Week or Mo
BOADg.
110,727
255,000
61,581
482,063
95,853
1,002,492
3 14, 0(H)
7,.').'55
Long
59',94(j
310.700
81,100
29.9.57
97,101
5,201
13,939
13,651
32.609
25,778
210,324
CI.
22,177
334.702
Pt.D. Md
Det.I-ans'KA' J^o. 3(1
Eraiisv. A T. H. ad
Flint A P. Mani. .'id
K. C.
26,137
146,242
3«.230
Klo Or Ml
Flor.
9
34it.<HK)
wk Jan.
wk Jan.
A
1885.
9
;fil
;iil
37,9I3|
lOl.OOOt
10,105|
CIov..\Uri)nAC'ol ;i<lwk Jan.
Denv.
1S80.
:til
wk Jan.
wk Jan.
wk Jan,
.1.1 wk Jan.
Cli.St.l'.MIii..vO.
wk Jnn
Clilc. A W. Mioh. :M wk Jan
Can.Inil.8t.I-.&c. :iii wk Jan.
Cln. N. O. AT.P. IM wk Jan.
Ala. A Cit. So. 2(1 wk Jan.
N. Orl. A -V. E. -.M wk Jan.
Vlc'ksb. A Mi>i'. Jd wk Jan.
Vlckn. ^h. A P. 2ilwk Jan.
au.Wasli.A Bait Jil wk Jan.
De». Mo.
to talttt Date.
67,610
72,001
324,000
58,503
412.905
96,412
988,000
Cui»4tlaMl^iciltt' :u\
.Fun.
Centrnl lowii.. :{ilwk,rHn.
ClilraKo it Alton
Chlo. i i:»m. 111.
CUic. Mil. A-St.P.
Chic, .t Nortlnv.
24,211
6.842
34,400
19.980
58,294
80.000
15,765
156,197
Jan. 1
202.800'
1,000
12,000
7,000
21,200
224,000
49,074
34,4701
13,902
2,436
30,534
250,395
4,562
0,843
25.982
12,129
30,491
23,855
295.028
200,319
1.632
13,477
7.801
22.970
229.489
41,893
50,722
35,9271
30J36!
253,0402,7311
72,300;
23,533
23,45*
10,230
8,923!
15,2441
21,186,
22,401
14,300
18,904
11,852
4,2671
64,4661
12,9091
22,349;
19.433!
1885.
5,460|
9,731
55,549
174,942
43,583
40.295
37.429
18,780<
10,190
24.302
1884.
1885.
i
Atch. T. A
•Sonera
8.
49,339
139,021
88,039
47,2 IH
24,23,S
73,414
21,370
274.581
11,240
53.878
30,833
91.833
N«w York Cltj Uankfi.—The following itatement shows tha
oondition of the Asoooiated Banki of New York City for the
week ending J.anuary 28, 18M:
Av»rat§
Banla.
New York
ManhattMi Oo
&f eohanlos* ......
*Mex.N..all lines December.
A No 4ih wk Dee
Milwaukee
Mtnn'ai).
A St. L. November.
Minn. A Northw.
Mobile A Ohio ..
Morgan's La. AT.
Nash. Ch. ASt.L.
I
14,:,380
Nov(-ml)er.
171 555
35, 242
December.
November.
282, )77
2'84',e37
473 588
193,:327
311,'016
December
Tradesmen's
Fulton
Chemical
Meri-liantR' Exch.
.
:
N.Y.8u8<i.A West December
,
N.Y.Tex.AMex. November.
Horthem Cent'l. December.
Northern Pacinc Deccml)er.
OhloAMlss
November.
Ohio Southern.. December.
Oregon Imji. Co. November.
139 084
80. 405
24 51
507, 699
775 ,371
301 ,961
53,',084
233. 307
Novcmbor. 177, 800
Pennsylvania.
December. 4,046, 682
Phila. A Erle....!Ni)vemlior.
309, 107
Phlla.AReiullnK Doecniber. 2,.392, 529
Do C. A Iron December. 1.313, 258
Riohm'd ADaiiv. December.
344, 900
Ch. Col.AAng. December,
ir 810
ColumliiaAOr. December.
76, 275
|
Oregon Short
L.
.
'.
1
,
1884.
Oallatlu National..
Batchers' A Drov..
Mechanics'
Tr..
1,339,848
1,534,144
1,428,682
1,581,821
424,466
197,312
2,057,381
3,720,542
2,134,527
3,156,009
2,358,082
239,050
144,738
87,686
3,449,404
1,957,343
1,092,354
3,246,713
1,964,316
1,034,210
2,i60,4l'2
A
State of N. Y.
Aroerlc'n Exch'ge.
Commerce
Broadway
115,613! 1,544,174
1,590,0!)7
39, 573
107, 833
36,954
406,947
1.36,465
Va. Midland.
West. No.Car.
December.
December.
Kome Wat. A Og. November.
Bt. L. F. 8. A
- W. 4th wk Dec
.
Bt.P.Mln.A .Man. Di-eember.
Beloto Valley
|Novemb(?r.
South Carolina. . November.
. .
5,490,922 5,521,878
758,229| 11,349,699 12,613,305
276,033 3,306,711 3,419,883
47.110!
479,033
473,002
305,057 2,034,900, 3,142,570
193,939! 1,077,725
965,716
3,769,328 45,015,027 48,566,911
326,289 3,012,825 3,379,022
2,315,563 29.230,343 30,972,160
1,074,821 13,960,820 16,460,972
360,700 3,900,238 3,873,715
433,434
1,576,270
503,040
8,314,197
IS, 402
683, 74-1
32, 742
11,364
1,583,044
647,331
819,439
7,490,3-20
113, 119
133,831
l,d29,3"29
1,102,094
8,139,435
6,975,609
So.Pac.Comp'y—
Atlan. System November 1,003,077
861,608
Facitlc System November.! 1,715,519 1,971,047
* Mexican currency.
the 1.640 miles of road north of Goshen, now comprising
.J Enibrac<!«
the
Central Pacific system.
S Not lucliidiuis earnings of New York Peuiuy Ivaiiia <Sc Ohio road.
•
*
l,81'i.400
642.-200
730,100
1,397,700
1,118,000
136,000
894.200
2,734.300
669,500
984.000
236,400
e»5.500
439.500
1,047,000
1,086,100
882,a00
353,000
6.526.H00
180,700
303,800
444,600
161.600
435,000
Republic
2.798,700
Nassan
Market
2.36:i.U00
3.080.200
1,927.000
3,243.000
5,698,800
4,470.400
Nicholas
3hoe A Leather..
Corn Exchanjfe ...
Continental
Oriental
;. 81:4.
tmporters'A Trad.
Park
North River
East River
Ponrth National..
300
20.:f20,K00
1», 386,1 00
1,011,000
1,210.700
16,709.000
8,591,000
2,400,000
6.415.100
20,765.800
5.084.500
1.209,700
2,051,000
2,027.100
2.749,300
3. 152.000
3.085,900
2,001,300
1,898,800
3,049.100
Central National..
Second National..
Ninth National...
First National....
Third National ...
N. Y. Nat. Kxoh
Bowery
N. Y. Connty...
German- -Vmeric'n.
Chase National
Fifth Avenue..
German Exch'nge.
Germaoia
173.000
238.400
3,2.-|9,000
1.412,000
3,525.000
1,210.000
1,776.700
4.551,400
1.426.600
370.400
497.100
341.100
669.000
6,1-20.700
380000
280.000
299,600
998,000
610.800
951,200
323,700
236.200
212,200
315.400
116,300
811,800
218,400
720,000
431.000
162,800
565..'S00
1.105,200
864,i'ja
2,600
615,400
43,600
666,500
804,600
46,000
428",bo6
45,000
4,638,200
11,103.600
3.210.000
3.708,600
2.922,800
180,000
34'2.800
260,400
2,84 tt. 600
1.937,600
4,289,000
6.102,100
6.525,000
2.160.100
25.062.000
l63',506
45,000
26.2."iiJ,0O0
1,852,000
224;200
180,000
297,000
39,000
46,000
427,800
1,14.^,600
17.645.000
11.187,000
3,676,000
6,871,200
21,871.000
6,726,800
1,335,400
223,400
180,000
2.510,-200!
2,468,900
2,711,700
4,834.200
3,466,900
45,000
2,rf28,200
2,688,900
3.479,300!
3.536.4001
1,605,3001
1,380,000
90,000
44,800
46.000
124,300
1,454,000
1,848,300
1,938,200
1,920,600
20.000
190,000
338,697,700 98,284,300 34,287,«00!389,832,700
9,690,400
United States..
2,.->55,300
761,6001
2.59,200
Garfield
Fifth National.
B'k of the Metrop..
1.288,400
1,205,900
3,34 6,000
1,488,600
1.9)6,200
1.578,800
234,900
231,2J0
977.300
301,800
240.300
479,000
242,800
178.700
343.200
270,000
371,000
91.100
West Side
Seaboard
Sixth National..
The following are
1886.
66,800
594,100
230,200
'^,198.300
8(19.100
Lincoln
Total
3,Hfl2,I00
449.000
607,400
359,400
436.500
219,800
160.600
630.000
231.000
821.300
444,000
1. 101. 190
3.763,000
177.000
184.300
'80',()0d
4.328.100
1,882.300
1,670.000
1,061,800
2.866,700
1,275,600
3,928,800
16,089.000
17,468.500
6.013.500
7.458,700
3.010.000
6,«90.800
4,080.700
O.fO.OOO
1-7U.0OO
249,000
1.882,200
22.626.000
'25.200
2.40.1,600
iSO,000
Mo'.idi
2.16.1.600
345.600
120.000
4.0.-.2.000
Paotflc
at.
74«.liK)
1
t<on.
11.602.000
11,962.000
8.469,800
8.539.000
12.064,700
2,834.000
14.001,600
432.000
868,000
1 89,000
141,800
832.800
375.600
H36.40O
306,400
201,000
4.298,800
1,320,400
Chatham.
-
H72,000
61 0.000
1,028,200
798.000
18.04tf.2;)0
5.81'2.700
6,'249.700
Citizens'
other
than V.B.
'.0.107.000
Uercantlle
LoafM.
totals for several
weeks past:
DepoMt.
L. Tender!.
Specie.
Oirculatton Agg- CUar'te
$
S
9 339,873,700 93,082,100 31,117,700 .383,397.600
" 16 339,343.900 97,072,'200 33,419,400 389,902.800
" 23 .S 38.897.700 98,284,300 34,287,400 389,832.700
;an.
Boston Banks.
9,854,800 716,037.847
9.801,000 653.597.2S6
9,690.400 722,308,330
—Following are the totals of the Boston banks
Loans.
Specie.
9
9
DepoHtt." Circulation
L, Tender!.
153,703.200 10,816,600
153.702.500 10,991,100
163,834,400!n, 302,900
9
9
9
3,632.900 113,616,900 21,203,600
3,615.900 114,'200,800 21,096,900
3,745,600 114,234,300120,775,100
An.
Clear'gt
97,246,911
85,137,666
82,868,808
totals of the Philadelphia
banks
Aw.
Olear'gt
are as follows:
1886.6.
Loan$.
Lawful Honey.
82.902.200
9
16
82.552,300
8'2,776.2(J0
23
•Including the Item "due
Jan.
"
"
JDepotite.*
Oireulotion.
S
9
9
7,366,100
7,347,000
7,334,600
60,667,628
63.817,653
63,627,644
28,007,S00
86,520,800
85,306,750
27,810.100
81,719,100
27,405,600
to other banks."
Unlisted Secnrities.— Following are
week
latest quotations for
past:
A Pac— C.
Bost. a.
Old
Bost. H.
Ohio Cent.— Rlv. DlT., 1st
92
1%
T.* West— 8tk
l"*
8^
70
Debentures
A
BUL
Securitiee.
O.. 1st. old
A B.— New stock
Buff. N. Y.
a
.^_______
Steurittet.
Atl.
442,209
82,673
82,069
71,800
1,711.100
1,424.000
1,024,300
3,118.500
1,090.700
3,5H 1.700
Greenwich
Leather Manofrs.
Seventh Ward
558,330
520,446
1,584,264 1,650,467
124, 159
79, ,000
5.29'.i,500
Philadelphia Banks.—The
775,104
686,993
600,182
D(^combor.
1.184,700
15,755,300
3,100.100
•J,99«.(>00
810,437
697,232
679,344
,
.
Georitia l'i«\
2,4'2S,»00
Irving
fN. Y.L.Erie AW. November. 1,570, 093 1,371,519 14,.539,488 15,279,090
N. Y. Pa. A O. November.
502,1696
487,970 4,627,406 5,108,887
N.Y.ANewEng. December.
N. Y. Ont. A W. December
2,739.600
305.000
7,034.500
307.000
1,040,600
10,371,100
813,600
1.008.300
S64.00O
102,000
144,400
757,400
411,400
486,200
3,060,000
8,440.100
3.61l!.100
9,4!IO.000
i
598.477
174,033
125,031
11,972
151,985
12.8114.700
City
North America...
Hanover
1
933
129 005
1.978.01)0
2.B23,(K)0
.
Amerloa
Phenlz
.
158,
2.522.000
3.065.000
7,319.800
8,151.000
057,249
4,895
42,072
29,703
77,270
734,519
127,111
93,321
65,607
A Potomac December. 10' ,845 100,137 1.323;090 1,224,370
Ceutral Pacific October
1,467 ,123 1,319,183 12,208,424 13,439,200
Chesap. A Ohio. December.
275 ,000! 308,912 3,322,040, 3,538,605
EIiz.I>cx.AB.S. Xiivenilier.
08, ,294
71,228
648,735
697,043
Ches. O. A 8. W. Dc(-cmber
144 ,190 138,278 1,507,765 1,374,643
Chic. Burl. A Q -Vovcmlier. 2.318 ,033 2,233,891 24,226,452 23,423,313
Clev.Col.C.AXml.November.
329,,393, 326,3011 3,323.751 3..(8U.(!18
Danbury A Nor .Tovember.
1 ,313
10,144!
208,1871
190,700
Denv. A R. G. W. December.
98,830 1,011,177'
71,,320
804,716
E.Tenn. Va. AGa. Novcmbor.
400,,781
380,180! 3,710,593 3,016,819
Ft. Worth A Den. December.
33,,0781
23,084|
464,173
403,508
Gal.Har.AS. An. November.
348,,310! 298,139 2,902,967 2,618,439
Gr. B.W.A 8t. P.! November
31,,422
31,583
Gulf Col. A 8. Fe. December.
203,,880
142,0481 1,826,761 1,727,595
Hons. A Tex. C.[ November. 412,,627 250.449 2,412,838 2,311,024
Kentucky Cent'l Dccend)er.
00,730
842,051
35, ooo!
922,107
L-Kk.A Fl.Suilth November.
80,557
341,.107|
88,,108:
512,559
L.Rk.M.Kiv.AT. November.
43.353
54, 891
311,300
313,447
La. A Mo. River., November.
58,530
519,173
53, 031
631,033
Louisiana We.-<t. Novejuber.
54,526
01, 238
548,671
424,717
230, 950
629, 149
11. 623.000
I0.'2(i»,000
Merohmnts'
ITMDepaeiU
Tmaere,
•
Peoples'
113,853
772,005
5,452
209,400
49,053
17,807
173,446
111,180
27,439
03,807
61,853
36,788
12,374
200,810
30,340
32,980
42.340
Anunuu of—
Legal
SneU.
DiKounU.
3s().(i20
Bait.
I
Leant and
2.496,100
6.121.200
4,310,900
1,801.300
23. s.-,.-,
F.. Xovemlier. 1,603 ,413 !l,461,922 14,318,024 15,056,801
Noveiuboi.
21 ,823
18,182
271,535
201,537
Ixnilsv.N.O. A T. Dei-ember.
Hanhattitn Elev December.
Mem. A diaries. iDecember.
153
Ftaila.,
Cent, trust cert
Cent, trust cert
Peusaoota
1st
A
,
Atlantic.
mort
A Western ..
mort
Postal Telegraph— Stock
Pittsburg
pref
Trust bonds, 68
Brooklyn Elev'd- Stock..
Istmort
2d roort
1st
96Hj
Att.
10
23 >a.
6
T*.
86>«;
87
10
....
I
Istmort., 6s
Postal Tel.A Cable—Stock
Southern Tel.— Stock..
705
110
3
3
36
Istmoit
.
State of Tenn.—Set't.38, x 67
Trust certs
86
109 >«
St. Jo. A Grand Isl.,l st
58. U.S. Trustcerts
14i«
8OH1
Stock
Denv. A Rio Ur.
Texas A Pac -Scrip 1884 80
Ben. A R. O. W., 1st M.,
80
68'(
71
Scrip 1886
Guar, by D. A R, O
4
120
Tex. A St.L.HAA DlT
Edison Klectrlo LiKht
4S%
M. A A. Dlv., let mort.. iS
Georgia Pac.— Ist mort.63 105 >e 105 ij
67
70
44
Ist mort., in Texas
2dmort
20
92
Stock del. when issued. 16
Henderson Bridge— Stock
86
lllJa
Ist M., or when Issued..
Bonds
41
5
•2d M., or when issued..
Keely Motor
3S
8
4
Tol. A O. Cen. com. stock.
Mexican National
41
10
14
Prof
Pref
21T( 22 >s Tol. A O. Cen. 1st 68. gr. by
Istmort
64
col. A Hock.V8l. UB.... 84
M. K. AT.— Income scrip ..
2^1 Col. Hock. V.ATol.com.stk SO Hi
1
Mich. A Ohio
100
6
U. s. Kleclrli; Light
2Hi
Pref
Vicksb. A Meriiuan
3'a,
N. Y. M. Un. Tel.— Stock. 68
Brush lUurainatinff
Denver A Kio G.— Consols
U.
8.
M
W
N. y. W. Sh. A B.- Stock.
North. Pac— Dlv. bonds..
North Rlv. Cons
100 p.o
2»i
88 Is
27
2'l
Prof
Incomes
West N. Car.— con, mort.
6
IS
87
I
18
88
THE CHRONICLE.
154^
[Vol. XLII.
GENERAL BALANCE AT CLOSE OP EACH FISCAL TEAR.
1882-33.
1881-82.
Asse'g—
R
AND
T.H.&r.RB rentacct.
215,.531
jiliacellaneous items.
550
550
550
550
537,447
8,681,210
8,7o5,899
6,812,271
2,383,016
1,544,700
2,383,016
1,534.700
93,415
17,948
19,368
2,383,016
1,544,700
4,499.000
92,890
17,948
146,666
92,820
17,947
228,416
2,383,016
1,544,700
4,499,000
92.-85
17,917
274,823
8,557,417
8,684,210
8,7C5,s99
8,812,271
exhibit of
The Investors' Supplement contains a completeStocks ana
and of the
the Funded Debt of States and Cities
pubhshed
Bonds of Railroads and other Companies. It is
on the last Saturday of every other "^o"*^-"*^-'and
5f
^JJ*%f.'
is fiDecember,
Avril, June. August, October and
subscribers
of the
regular
all
to
charge
nished without extra
Oj the
Chronicle. Extra copies are sold to subscribers
50 cents each, and to others than subscribers
Stock, comraon
Stock, preferred
Bonds (see Scp'm't).
roupons due
lucome acoouut
Total
3,1 Hfl
464,843
4,49(1,009
Georgia Pacific.
St.
(For the year ending Sept.
Louis Yandalia
& Terre
Haute.
iherefor.
pfr'cen'tale Of e^Dings" (70 per cenlV^iloW^d
V.
Profit for 1885
Loss foi 1884
$921,684
_9^0,853
Miles.
Atlanta, Ga., to Coalbnrjr, Ala
Belt Road, Atlanta, Ga., connecting G. P.
17700
& C.
and A.
400
Air Line
2'00
2-00
( At Bimiingliniani, Ala
Brandies^ At Coalbuig, Ala
(At Henryellen, Ala
5-24
1-24
*-?'idu
_„__
186-24
SECOND DIVISION— 1 FOOT 8 INCH GAUGE.
$.10,718
1885
The annual report of Mr. Thos. D. Messier, President, states
that the decrease in the freight earnings of $90,739 occurred
in both kinds of traffic the local business having decreased
or
fl8,873, or 5 97-100 per cent, and through traffic |71,867,
12 78-100 per cent. This falling off in revenue, however, was
not due to the loss of tonnage, as the local tonnage increased
80,083 tons, while the tonnage of through traffic increased
26,317 tons, showing that the decline in the freight revenue
during 1885 was caused by the reduced rates received. This
was the result of the demoralized condition of east and west
bound freijiht rates during the greater poition of the year
during which time there was also a large quantity of iron ore
carried from St. Louis at relatively low rates. These two
causes combined efifected a reduction of 18 5100 per ctnt in
the average rate on through freight traffic. The average rate
per ton per mile received on both kinds of freight traffic was
7 30-100 mills, against 8 43-100 mills in 1884, a decrease of
13 40-100 per cent.
~ The coal tonnage increased from 409,678 tons in 1884 to
450,080 tons in 1885|l or 40.403 tons, equlvslent to 9 910 per
cent, while the rev/jue from this class of traffic also increased
to $144,139 for itfj, against $133,931 in 1884, a gain of
$10,208. The total tonnage of both local and through freight
in 1885 was 1.200,910 tons, against 1,144,510 tons in 1884, an
increase of 56,400 tons, or 5 per cent.
The revenue received on through passenger business in 1885
was $251,811, against $273,280 in 1884 a decrease of $31,468,
or 7 86-100 per cent. The total number of passengers of all
classes carried during 1885 was 308,615, against 323,201 in
1884, a decrease of 14,586, or 4 51-100 per cent.
No change has been made in the capital stock, funded debt
or other liabilities, excepting a slight decrease in the amount
The
of coupons for interest not presented for payment.
balance due from lessee was increased from $418,.'i88 October
From this there was
31, 1884, to $464,843 October 31, 188,5.
payable at November 1, 1885. $91,000 for interest on the
second mortgage bonds, leaving a net balance of $373,843 due
;
;
by lessee October 31, lh85.
The comparative statements
for four years, compiled for the
Chronicle, are as follows
OPERATIONS AND FISCAL RESULTS— LESSEE'S REPORT.
:
1881-8".
1882-83.
1883-84.
Opirations 1884-55.
:-i23,201
303,689
3 6,963
Paseeugtrs carried..
.I08,''.15
Passenger mileage.
18,311,812 18,58.'i,282 18 741 4iiO 13,163, 18T
23i3 cts.
2-448 cts.
2-425 cts.
2- 187 eti<.
pass, 'i^ ra.
Av. riite
l,191,0-53
Preigbt (lonK moved
1,126.799
1,144,511)
1,-200,910
Fr'glit (t'ns) mile'g6.115.982,815 111,810,481 104.2(!9,720 107,92O.t92
0'»77 cts.
0-979 ols
Av. rate
ton ^ m..
84-i eta.
730 cts.
Earnini/s.$
$
$
Passenger
430.863
4'>4,518
454.980
419,105
Irelgbt
1.017.751
1,094.462
878.139
787,720
Mail, express, Ac....
147,312
151,512
16.=., ^23
1,37,S30
'
.
'i>
'-i^
Total gross earn'gs
Operating expenses—
1,700,954
1,490,307
22.^,557
26,-; 09
373.130
462,115
412.985
27.837
1,187,560
1,306,067
408,566
394,887
1,114,764
375,543
Motive poweritquip
236.525
476,867
Trans, expenses
447.4.'
Maiiiten-eorway,ife<-,
General
Tot. op. expenses..
Neteamitjga
INCOME ACCOUNT
ST.
Receipts—
Rental. 30 p.c ear'gs.
Disbursemtnit,
Interest on de!)t
—
Taxes
Oeteral expenses
30, 1885.)
just issued for the fiscal year ending
Sept. 30, 1885, describes as follows the sections of road owned
and operated by the company on the 30th day of September,
1885:
riEST DIVIflON-O-FOOT GACGE,
The annual report
(For the pear ending October 31, 1685.)
given
The earnings, expenses and income account areIndianHaute &
telow. The result for the year to the Terre
apolis, lessee, was as follows
T<]t.
4, 4911,000
DueT. H. Alnd. RR.
ANNUAL REPORTS.
in
3.1 S.T
Total
Liabilities—
Chronicle at
at |1 per copy.
Gain
1884-85.
8,34;<,739
8,33«,439
3,149
342,076
8,3S8,21l
Oasli on liand
mailtaaa %nttlliQ6nce.
188?-84.
8,341,622
3,139
418,588
$
E.,b'l(l'gs,e(iuip,iSto
...
dJRbni-Fomeiits
Balance, surplub*
403,148
456,.i87
29,472
30,213
447,092
411,794
34,457
1,107
314,930
65.987
2,080
314,930
46,339
794
314.9.30
350,194
128,343
382.997
127,259
314,9'!0
$
362,083
85,009
49,894
563
365,387
46,407
.o=.T''r.'''^/J''t''*'®^8eeon the four years' operations was aa follows
^''*'^'*^'*''^'''^®'" 1883-84, $71,549; 1881-65,
pfoflt",*3p!76tf""'
3-86
7906
Total 4 foot paufce
Total 4 foot and 5 foot guage
THIRD DIVISION -3 FOOT GAUGE.
Miss..
Greenville, Mis?., to Jolmsonville,
'
Brancli, Stoneville to SUarkey, Miss.
263-30
29-.^0
22-50
,
Total 3 foot guage
Total miles of all guages.
;-ro
31'
30
The total gross earnings compared with the previous year
were as follows
:
EARNINGS AND EXPENSES.
EarniHasFrom freight
From passengers
From exp-ess
From mails
From telegrapli
From excess baggage
From
884-85.
1883-8*.
$461,095
167.860
3,G17
$341.8f-4
3
176,439
2.755
15.060
—
14,8 ?4
1,963
13,652
388
11,466
$666,662
484,097
$347,974
362.493
$182,565
$135,431
6*8
miscellaneous
Total
Operating expenses
Net earnings
The income account
in 1884-85
was
briefly as follows:
$'.82,565
Net earnings
Interest on first mortgage bonds
Cbange of guage, second division
$188,190
4,143
Cost of New Orleans exhibit
Total charges
2,071—
194,405
$11,840
Deficit
Charges to " betterment account
:
$23,684
140,018— $163,702
For construction
For equipment
The President, Mr. John W. Johnston, says in his report:
" Under a mutually advantageous agreement recently entered
into between the Mobile & Ohio Railroad Company and this
company, we will, on the Ist day of December, 1885, take
charge of the branch roads of the M. & O., extending from
Columbus, Miss., through Artesia, to Starke ville, 35 miles, .and
will hold and operate the same for and on account of that
company.
Under
this
arrangement we will have direct con-
'
'
'
'
company.
GENERAL BALANCE SHEET SEPTEMBER
921,685
450,903
$
510,286
$
l-fO
2-66
nection with the main line of the M. &0. at Artesia, and with the
Illinois Central Railroad at Starkeville." * * » " There has been
on the broad gauge divisions a very large increase of tonnage,
without a corresponding increase in revenue. If the revenue
per ton per mile had continued in 1885 as high as in 18^4, we
would have $163,796 more net revenue from this source alone,
a sum about equal to all the charges this year to betterment
and equipment." On the
account,' both for construction
first division the falling off in rates was mainly on our large
1,37Z,048 and growing tonnage in coal, lumber and pig iron, and was
consequent up^-n the depressed condition of general business
140,277
328.393 throughout the country and the exigencies of competition."
No remarks are made upon the financial condition of the
422,802
LOUIS VANDALIA A TEERB HAUTE COMPANY.
1881-2.
1882-3.
1883-4.
1884-5.
478,337
75-04
Cane Creek. Ala., to Coliimbus. Miss
At Fatten Mines, Ala
Brandies \ At
Caue Creek, Ala
30, 1365.
Asseti.
$14,0''4,000
26.184
Road, property and equipment
Betterment account.
106,622
Equipment
Car trust notes "U'stanttiag —
DueonserlcsB 73
Due on series B80
Casb ill banks
Balance in bands of Central Trust, Co
Steek aeeount
Due from agents
line Irom other railroad companies
Due from U. S. Gov. P. O. Dept
8ei:urlties on baud
Miscellaneous assets
Total assets
$196,460
114,280-
•
310,741
44,647
736
9.753
12,480
6,642
3,8C8
33,487
604
$14,651,711
January
THE CHRONICLE.
30, 1880.]
LiatiilUiei.
C«rllHl
•tn.-lc
•m'iTCo
;
Flr»inioilKiiK.<l>oiitI« ...•-•••
^
371.8*9
Biiliiiioo to iTortIt
Total
5,831
o
,
„.-
•'.'•-.i
-
o'i'l'
in
.__"
liiU,051,7U
GENERAL INVESTMENT NEWS.
Biifr.ilo Now York & Pliila»l«Ipliia.-The gross and net
earnings for December and three luoaths were as follows:
December.
1894.
1885.
.
^3 nios. end.
.
Dee. ^l
^ISCSaoe
,
1881.
18-(5.
$204,510
latliiKexpouses.... 116,200
$l7i»,2i>l
134,968
478,i0i5
437,.'-.y5
$58,316
$44,326
$177,700
$172,363
fJro8» earnlniP"
Net earnlHKB
fOOS»,!)28
—
& Oregon. San Francisco papers state that a
vigorous effort iabein;^ made by the Southern PaciSc to extend
the California & Oregon to a junction with the line from
There is now
Portlanil, now terminating at Ashland, Oregon.
a large forcL> of graders, bridge builders and tunnel diggers at
work north of Delta, in all about 800 men. The work is of
the heaviest character, with many tunnels, and will necessaCaliri>rnia
rily
occupy some time.
Clilcasro jrihvaiikpe & St. Paul.— The Tiine.^ ot Thursday
said: " .V mcetinc; of the St. Paul E-Kecutive Committee was
held at the Wall Street office of the compiny j'esterday afternoon. The proDosed Kansas City line was what Ihey were
'
kept busy considering, and when they adjourned one of the
Bonds
said that the extension would be built soon.
at the rate of if 30,000 a mile will be marketed of the Chicago
& Pacific Western issue. This would provide about
$4,000,000, but it was stated that the cost of the construction of the new roid would be about $7,000,000.
that no
bonds would be
Mitchell insisted
President
issued at present, which leads some people to believe that
was
not claimed that
there is to be a delay in building. It
120,000 a mile would be more than enough to pay the cost of
line,
leaving
provisions to be
tracking
the
other
grading and
made for the creation of terminal facilities, bridges, &c., thus
opening the door, of course, to the issue of terminal bonds,
other securities to the company's liking."
bridge bonds,
^The St. P^il Company has had listed at the Stock
Exchange fl, 000,000 more of its terminal bonds, making
13,000,000 now listed, out of the authorized total of 15,000,000.
members
—
CleTelaiid
n^
Columbus Cincinnati & Indianapolis.—The
gross and net earnings and the charges, etc., for November
and for eleven months from January 1 were as below
:
Xoveinber.
1884.
1885.
,
/— 11 mos. end. Xov. 3^^.—
1884.
.$3,4%0,G17
$329,395
215,743
Net caminsrs
$111,060
61.608
$113,651
80,427
$542,604
699,668
$IP,452
$33,224
$.!42.9J6
$78,'<67
l.i,'?57
14,995
237,571
155,026
$33,595
& Oliio
$18,229
BalaDce
AfliUtions to property...
Balance
—
Delaware Lackawanna & Western. The following report
was submitted to the directors on
Jan. 29, which we compare with previous years. The operating expenses include amounts spent for betterments $443,192 in 1885, |885,033 in 1884, |1,073,816
1883 and |931,701
for the year ending Dec. 31
—
In 1882.
I
1882.
1893.
1884.
1855.
$
^
4t
4{
Orotsreo'ta.aUsources. 27.006,267 32.819.«06 31,311,992 31,091,077
Operating expenaea.... 20,163,078 24.10.>,8(i4 23,393.1 so 23,663,754
Net receipts
6,843,189 S,6o3,742 7,9i8,»l3 7,427,923
INCOME ACCOUKT.
•NetrecPlpts
6,843.189 8,653,742 7,918,813 7,427,923
Interest and rentals
3.620,708 4.9 46,9 43 5,113,322 5.187,0«9
Balance, surplus
3,706,799' 2,805.¥9'0
3,222,481
2,240,834
Dividends
2,096,000 2,096,000 2,096,000 1,905,000
Rate of dividend.'!....^
8
8
8_
7 Si
Balance after rtlvld'ds. 1,126,431 T^ioTfOO
709,490
275,834
'
several securities of the road will be treated as follows:
W
riteok.
With the above plan carried out the funded debt and capital
of the reorganized road will stand as follows: First mortgage
per cent; L. E.
bonds— L. B.
M., .?3,800,000
W., $3,062,500 5 per cent; do. Sandusky division 80, $293,100 5 per cent;
Capital stock— Preferred 5 per cent, $3,208,total, $5,155,000.
750; common stock, $7,730,000; total stock, $$10,938,7.50.
While the amount of the mortgages will be increased, the
fixed charges will be slightly reduced, as the interest charge
was formerly $278,520. and will now be $272,730.
Of a floating debt of $1,051,020, $316,020 interest to Feb. 1
is to be met out of new bonds; $75,000 car trusts due to be paid
in cash; $235,000 receiver's liabilities to be paid in cash;
$335,000 (the McGourkey judgment), 35 per cent to be paid in
cosh and 75 per cent in notes running five years; $100,000 (the
ticket judgment) to be settled at 50 cents on the doll.ar in cash.
The resources created by the plan to meet these payments are:
New bonds, ^'ilS.flOO; six per cent assessment on stock,
$163 000; total, $975,600; less funded debt, $749,770; balance,
$225,830.
&
&
Little Rock & Fort Smith.— The Boston Herald of January
24th said: "The stock most conspicuous for its advance was
The cause
Little Rock, which gained to 47, reacting to 45}^.
of the rise which set in yesterday is the fact that the company
has negotiated a cash sale of its unsold lands, some 535,000
acres.
No papers have as yet been passed, and a sale is never
complete until the deed has been signed. The terms of the
land sale are not stated, but it is understood that the proceeds
and land notes, when paid, will wipe out the $600,000 or more
of outstanding scrip, and reduce the bonded debt of the com-
some $1,750,000. The Little Rock Company has a
to build about 250 miles of road through the" Indian
Territory, if congressional authority is secured, which it ia
thought that it may be. The plan U to build to Arkansas
City, Ark., with a spur to Coffey ville, and at both places connection will ba secured with the Atchison system.
The
Georgia Pacific road is now being extended to the Mississippi
River, opposite Arkansas City, Ark., and when this line and
the Indian Territory mileage is completed a new route will be
jiany to
scheme
$3,323,751
$5,365 def.$76,159
River.— By order of the United
Uanrllle Olney
States Circuit Court the sale of this railroad has been postponed until February 10.
m
The
Lafayette nioonilnitton it Mnnelo first niortcHgo
per ooiit booda
receive par and iiaik interest to Feb. 1 In rew tl jier cent bonds. iMkO
Krie A \v'e»torn HvM iiiortfcnKo fl per e<iiit bunds to receive par and InI
iu !^ pnr cent bonds, and 2o per « ent In preferre<l
t -rest to l-'ob,
slock for dlircr.Mice In Inter.nt.
Hmdiisky division llrst moitgiino 6
pr cout bonds to receive 80 per cent of present bonds in a new 5 per
cent l>on<l. I.iifayette lIlooinlnKton A Miiucle irieoiiies to receive 159
per cent 111 now preferred stock. Lake Erie dt Wost^Tn Iricorne bonds to
ncelve 7 per cent In new preferred stoik. Lake Rile & Western SandiLiky division lacoino bonds to receive 40 per cent In new preferred
opened from southern and western Kansas and points beyond
to the southern tier of States.
The Little Rook road already
2,4()3,883 has a dirfect New Orleans connection, and looks ahead with
brighter hopes than ever before. The new mileage will o
8^59.867
781,000 necessity call for new securities, but the road will have
credit which it never before enjoyed."
$S2«,301
215,240
Interest, taxes, etc
oirtlie tt'j:iUnf{ debt,
<kc.
18-.'>.
Gross eaniiDKS
Operatiug expeoses
2,544,012
I lie
security lioldcr<t.
To Issue new I'0D(I»
To Issnn 5 i>er cent
witli an lnon•aHl^ to p ly oiiok Inti'nm to Kol>. 1.
pri'fertMiraHtoolc. Willi >iu (M|iial rl^lit to dividends with 'Oininon sKiok
per ci^iii has hi-v.n piiKl lo coinuiou. To levy an nsscKSiiKMit of 6
iifti r
a conunl'tOK ruprosi'iithiK
.*>
of liioouie iiooount
liabilities
Lake Eric & Western.— The plin agreed upon by the reorganization committee embraces the following points, aa
published by the JiKliaator :
To proceed to linmcdlato foreelosar.i ami iMircha«e of the property Iiv
percent upon the capital stock untstaudlng to pay
JO.OOO—
boiiil*
"o
'-2
.,,
»•'.
iVVA-V.-,-
BUlH imyul.lr ; ;-,','|;^f niti'H..
61,108UnPliilniPil WH«i'»
UleuiUaneoiis llnlillltloa—
............ 'ft,u.:7
Due KKOiits. InillvliliiulH ftiirt Oo.'s
Due tli<> It. .fe I) i:x. Co. for lomi, |iayiil)le In O. P.
R'yCo.'a 2ii(l iiHiiiKiiv'o incoiuo
Pill- other rnllroa\ coiupiHili'S
on
t')''l'
*'
S»«!oiiilini'rt>;nsp Income liondn..
Aic<)iinl« piiViiM.'. ciinwit ('XiionilUnrM
155
The report shows that 8 55 per cent was earned on the
stock in 1885, ag.ainst 10-7 per cent in 1884. The bonded debt
has been reduced $370,000 by the redemption of maturing
bonds.
East Tennesse Viririnla & Georgia.— The holders of East
Tennesse Virginia & (ieorgia consol. bonds have agreed upon
a reorganization committee that has consented to serve. It consiatB of Uobt. Fleming, as representative of the foreign holders:
Charles .McGee, President of the Memphis & Charleston road
George Warren Smith, of Kountze Brothers; Frederic D. Tappen. President of the Gallatin National Bank; E. W. Corlies,
V ic6-Pre,side:it of the Bank of America, and
Frederick P.
Olcott, President of the Central Trust Company, which is
trustee of the mortgages of the company.
—
&
Nashville RailLonisrille & Nashville. The Louisville
road Company will purchase the whole or any part of $850,000
Louisville City 6 per cent bonds, maturing as follows: $446,000 due April 1. 1886, $206,000 due Ojt. 1, 1886, and $198,000
due April 1, 1887, at par and accrued interest to date of delivery, and a further sum equal to 2 per cent per annum to date
of maturity.
Memphis & Charleston. —The
December and
for six
gross
months from July
and net earnings for
1 have been
:
December.
1885.
1881.
$l.iS,9J3
$174,633
.
GrossearnlnKS
Operating expenses
Net earnings
.
^—Jti'yl to Dee. 31.—.
1885.
99,236
107,709
$728,524
477,966
$59,697
$36,924
$250,558
1884.
$773,581
544,510
$229,071
Mexican Central.—The Boston flera/d remarks: "A weekly
contemporary says
:
" The Mexican KoVernmentolTered to renew the subsidy on the flrat
of January, 1886, on the basis of accepting the subsidy c»rtiflcate« to
the extent of 32 iwr cent of the customs receipts for 1886, 4 percent
fur 1887, 5 per cent for 18<8. 6 per cent for 1889, 7 per cent for 1890
and 8 per cent thereafter until the whole subsidy had been paid. This
was accompanied also by a profl'er of 6 per cent Interest upon i)a8t due
aii'isidy.
A.s these ofTors of the Government were oiupled with certain
conrtiiions In regard to new construction, the road rejected them, believInK it better to stand upon their full rlsfbts as creditors to the extent of
8 |ier cent of the Mexican customs receipts per annum from the time ot
the late suspension of the subsidy."
" The quoted statement is in part correct, yet essi^ntially
incorrect. The proposition as to subsidy was substantially
upon the basis mentioned, but the rest of the paragraph ia
wrong. When the bill permitting President Diaz to modify
the railroad concession was being bitterly opposed in the Mexican Congress, in the latter part of November, it was proposed
that the terms of subsidy resumption be agreed upon, and
that other modifications be left for the future. It was this
division of the question which was, for obvious reasons, rejected, and the rejection had no reference to the terms of
resumption. The bill was finally passed, and the practical
details of a supplemental concession are now being discussed
before the Minister of Public Works, who gives two sittings
THE CHRONICLE.
156
as
per week to the subject. Tliere is no difference of opinion
be comto the terms of resuming subsidy, and all details may
pleted this month. If there is any doubt on thg subject for
treasury will
file moment, it is as to whether the Mexican
permit paying subsidy for the present, press dispatches indicating that the Government is in no condition to meet the
scaled interest upon the English debt, as proposed in the plan
of settlement, and it is doubtful if railroad subsidy would
take precedence over consolidated debt interest. The railroad
must depend upon subsidy in meeting its interest requirements."
—"About $21,000,000 of the 7s have assented to the scaling
plan. In making up a table of earnings and expenses for 1885
«nd 1884, a day or two ago, the official statement of earnings for
1884, including company material, was accidentally copied and
laced in contrast with the only earnings made public for
f885, namely, the commercial earnings. As the earmngs for
carrying company material in 1884 were heavy and in 1885
very light, the published comparison will probably not vary
greatly from the statement to appear in the annual report.
The only proper comparison for the present, however, is that
of commercial earnings alone, as it is with these that the
public has to deal from month to month. Official commercial earnings and actual expenses for 1884 and 11 months of
1885, with l3ecember estimated, present this contrast:
<3r088 Earnings
-•
Erpenees
1885.
1884.
$3,549,544
2,033,030
$3,016,070
2,419,457
$1,516,514
$596,613
[Vou XLII.
—The gross
and
and net earnings for the
by months, are as follows:
1885-96,
dross Earnings
1835.
1834.
.
Outober
.
fiscal
.
years 1884-85
Net Earnings
1885.
1884.
,
$339,965
309,743
311,016
$306,734
254,421
239,0-19
$155,725
129,183
96,409
$103,710
68,304
57,020
Totalthree montlis. $960,724
$800,201
$381,317
$231,034
November
December
—
Northern Central. The earnings and expenses for December, and for the years 1884 and 1885, were as below;
.
December.
1885.
1884.
Gross earnings
Operating expenses.
$507,699
286,445
Net earnings..
$221,253
New York Stock
have been
.
1885.
$39,219
Excliange.
—The
—
Tear.
,
1884.
$442,268 $5,490,922
353,048
3,255,613
$5,521,876
3,468,393
$2,235,308
following
$2,053,483
new
securities
listed:
Chicago Milwaukee
&
St.
Paul Railway Company.—
Additional issue of 5 per cent terminal bonds, $1,000,000,
making the total issue listed $4,000,000.
—
Minneapolis & St. Louis Railway Company. Improvement and equipment 6 per cent bonds, $2,000,000.
Southern Pacific Company.— Stock, $88,076,200. As tliis
Increase$533,474 company owns all of the Texas & New Orleans stock,
Dec. 386,426 that stock will be dropped from the list, and the stock of Mor-
& Texas Railroad & Steamship Company
be reduced from $5,000,000 to $1,004,100, the amount
not held by the Southern Pacific Company.
gan's Louisiana
Net Earnings
$919,901
Lonis.—The Minneapolis & St. Louis
placed on the Stock Exchange list
per cent forty-year equipment and improvement
&
Minneapolis
St.
Company has
Railroad
12,000,000 six
.bonds.
&
Mobile
Oliio.
and from July
1
—^The gross and net
to
December
31,
earnings for December,
have been
December.
1885.
1884.
$232,577 $284,637
Gross earnings
138,720
Operating expenses.... 130,238
,
Net earnings
.
$145,917
$152,339
.
:
July
1 to Dec.
$400,172
31
—
-^
$401,791
Torli Chicago & St. Louis.— At Cleveland, Ohio, Jan.
28, two important papers in the Nickel-Plate foreclosure were
filed, being the answers of that company and of the Union
Trust Company of New York to the cross petition of George
J. McGourkey and Samuel Shethar, filed in behalf of the
Equipment Company, and claiming the rolling stock equipments of the road to the value of |4,000,000. The Nickel-Plate
Company claims in its answer that the purchase price of the
equipment was $5,409,762; that about $2,000,000 had been paid
before the agreement under which the cross petitioner claims
Us right of action was made that the Nickel-Plate Company
never had control of the trust funds deposited with the Metropolitan National Bank of New York, nor any certificate of deposit that $590,237 had been deposited there prior to January
1, 1885, which was invested in worthless securities, and that
the bank became insolvent, and that the cross petitioner had
not kept the terms of the contract. The Court is asked to
require of the Equipment Company a full account of expenditures for equipments, and pay the trust fund into court. The
Union Trust Company asks that the equipment be used to pay
the debts of the company.
The Central Trust Company, trustee of the first mortgage,
is pressing its suit for foreclosure.
New
;
—
—
New York & New England. The usual monthly meeting
of the directors was held in Boston, and was in great part devoted to a consideration of the question of a lease of the New
York New England to the New York New Haven & Hartford.
protest against the proposed lease was served upon
the directors by parties representing the Hartford & Erie
interest.
The meeting appointed a committee consisting of
Uesers. Clark, Haven, Kingsbury and Higginson to confer
upon the lease matter and report at a future meeting.
The most definite information yet published concerning the
proposed lease was in the Boston Traveler of Jan. 28, as follows "This proposition is, according to the statement of one
of that committee, to lease the New York
New England
road to the New York New Haven & Hartford road for a long
term of years— probably ninety-nine on the basis of a guarantee of all the former's fixed charges and preferred stock, the
earnings, above the amount required to take care of the
guarantee, to go to the common stockholders, up to three per
cent
and beyond this to be divided equallv. The New York New
Haven
Hartford people are willing to accede to this so
far as the guarantee of fixed charges is concerned,
but 'the
guarantee of the preferred stock is one of the questions held
abeyance and which is likely to cause a serious hitch in
the negotiations, and then, too, the division of the surplus
earnings over and above three per cent is another
matter in
the controversy.
" These and several minor details must be adjusted
before
the plan can be put into execution. The New York
New
Haven
Hartford have, it is further said, practically appomted (though the action may not have been formal) since
Tuesday a committee of directors to confer with the
York
New England committee. Messrs. Watrous New
and
Bishop are said to be members of that committee,
names of the other two cannot be learned at present. but the
conference here or In New York is now possible at any
time "
&
A
:
&
—
&
m
listed will
'
'
&
&
A
Nortliern Pacific- The board of directors of the Northern
Pacific have autliotized the letting of the tunnel, two miles in
length, througli the Cascade Mountains, to Nelson Bennett of
Deer Lodge. Mont. The tunnel will cost something under
$800,000, and is to be completed by May, 1888. The committee having charge of the settlement of accounts with the
Oregon Trans-Continental have found matters so complicated,
owing to the Villard system of bookkeeping, that the whole
affair has been turned over to expert accountants.
The St. Paul Pioneer Press says that Mr. Bennett ia
now building the forty-mile section under construction
between North Yakima and Ellensburg.
Mr. Bennett has all
the construction work on the Cascade division. So far 158
miles of the division have been ironed. Fifty of these are on
the west end, and the remaining 108 on the east end. This
brings the track on the east end to eighteen miles beyond
North Yakima, and leaves twenty-two miles to complete it to
Ellensburg. Between Ellensburg and the east end of the track
on the western end of the division there arS seventy-three
miles to be built, twenty-seven the other side of the tunnel
and forty-four this side. The tunnel is about two miles in
length, and according to the contract let yesterday must be
completed in twenty-nine months.
In addition to the main
tunnel there are about two thousand feet of tunneling to be
done west of Ellensburg.
North River Constrnction Company.— The report of
Receiver Green, dated January 11, shows that the total estimated value of tlie North River Construction Company's
effects that came into his hands was about $17,500,000, against
which there were estimated liabilities to the amount of $6,215,205.
He reports the total amount of claims presented as
$5,147,822 total amount of claims which were secured by
collaterals presented, $975,860, and total amount of unsecured
claims presented, $4,171,962. The statement shows the cash
on hand July 9, 1885, to have been $59,834 and the receipts
since $5,904,379, making a total of $5,964,213.
The disbursements for the same period were $3, 45^8,471, leaving a balance
;
of $8,535,743.
The report refers to the sale of the "West Shore road and the
receipt by the receiver of the $6,000,000 of trust certificates,
representing that amount of bonds, by the reorganized West
Shore road. " The consideration for these $6,000,000 of bonds,"
he says, ''was the sale by me, as receiver, of securities and
claims, among which were the stock of the old West Shore
company held by me as receiver, certain securities in other
companies held by me as receiver, the assignment by me as
receiver of claims of the Construction Company against the
Ontario TerWest Shore Company and the West Shore
minal Company, and the assignment or discharge of all liens
of
the
creditors
of the Construction Company
and claims
against the West Shore Company and its property. It became
necessary, therefore, to make some adjustment with the credI had frequent and proitors of the Construction Company.
longed conferences with the creditors, which in the end resulted
in their agreeing (with a very few comparatively insignificant
exceptions) to accept fifty cents on the dollar of the face value
of their claims as allowed by me in satisfaction of their
claims.' * * *
&
"After a conference with the largest stockholders I determined
by public proposals the $0,000,000 of trust certificates above mentioned." After a very extended publication
asking for bids, these trust certificates were sold for 98 36-100
per cent of their par value, realizing, after payment of a comto offer for sale
mission of ^4 of 1 per cent to Messrs. Drexel, Morgan & Co.,
the sum of $5,880,600. The great bulk of indebtedness has
been paid, releases and assignments have been received, and
suits discontinued.
—
Oregon Short Line. The earnings for November, and for
eleven months from January 1, were as follows
:
January
THE CHRONICLE.
80, 1880.J
November
.
OlicnUlUK exponseH
Net
$528,066
$135,172
»t8,476
euriiiujis
tlip
1 to
!8S8.
$177,799 •*193,938 $1,077,725
1,149,650
129,324
58,700
e«rnln(t«
Inoliiilos
Jan.
.
1H84.
1885.
Grow
.
mall earnings of tbe road from Deo.
totAl
30—
Nov.
1884.
COMMERCIAL EPITOME.
$272,261
1832, to
Nov. 30. 1881, ii88.O0O.
PeniiMylvuiiiii Ilnil road.— The gross and net carninKs in
Deoenit)er, and for the year, are specially compiled for the
CuRONicLK in the Uvhles below. In December, 1885, there was
an increase of ^-'77,354 in gross earnings and an increase of
$382,971 in net, and for the year a decrease of Ig.a.M.SM in
gross and 11,904,633 in net compared with 1884. On the lines
west of Pitt-sburg the net returns show an increase of $257,479
in December. IH-^fi, compared with December, 188^1, and a decrease of |10i,808 for the year 1885.
UNKS EAST OK PirrSDDRO AND BRIE.
OroM Bamitigt.
-Net Earningt.1884.
1885.
1885.
1884.
$0,519,859 $8,112,242
Jan. 1 to June 30. $21,319,593 $23,333,249
3.989,085
3,685,105
1,1«0,049
Jaly
1,391,116
3.95l>',30B
4,617,894
1,019,012
AuKUSt
2,151,507
4,458,H7l
1,892,051
4,276,028
September
1,887,395
4,359,174
4,447,547
1,938,813
Ootober
1 ,925,702
3,971,539
3,950,937
1,616,285
November
1,475,711
3,769,329
1,359,200
December
4,046,682
1,096,229
.
%hz OTammercial gimes.
*9«5,716
693,455
1,
.
167
Fkidat NiaBT, Jan. 29, 1886.
The weather has been comparatively mild, and obstructions
transportation in every direction have now been
removed, while the Southern rivers offer an excellent stage
of water for steamboat navigation. Fair progress lias conaequently been made toward the opening of busineas for the
spring season. Still, no decided feature has been developed,
and trade circles do not show much enthusiasm over the
prospect. Labor troubles continue to arise, but are generally
adjusted without serious conflict. The speculation in staples
of agriculture has been fitful, without important effects upon
to railroad
values.
The speculation in lard for future delivery has been active,
and early in the week prices showed considerable strength,
but an easier feeling has latterly prevailed, closing this afternoon at 6-42c. for February, 6-44c. for March, 6-50c. for April,
$16,135,209 $18,039,902
Total for j-ear.. $15,615,027 $43,566,911
6-55c. for May and 6-61c, for June.
Lard on the spot has been
\s to the lines west of Pittsburg and Erie, the monthly dull and closes easier at 6-85(a6-37J^c. for prime city, 6-43i^
reports issued in 1884 and for the current year show the results
below. The company's returns, however, state a loss for the @ 6-471^0. for prime to choice Western and 6-80c. for refined for
the Continent. Pork has ruled about steady but the volume
year 18a5, compared with the year 1881, of $330,173.
LINES WEST OP PITrSBDRO .t ERIE.
of business has been smaller and the close is dull at $9@$9 50
;
Net Surplus over all Liabilities.
1884.
1885.
for extra prime, $10 37i>^@$10 75 for mess, $11 25 for family
Jan.ltoJuneSO.. Def. $386,008
Def. $724,490
Def.
Def.
Def.
127,637
173.669
100.601
3,168
18,954
52,845
131,487
Def.
50,969
164,228
July
Aiigiist
8ei>t<Miil>or
Ootober
92,.V.)5
November
December
Philadelphia
317,969
93,251
Ino,
Def. $929,256
Dec.
Def.
Def.
Total for year.. Def. $1,082,064
& Reading. —The
&
tions of the Philadelphia
Company in the month of
Deo. $161,518
Deo. 130,805
Deo. 192,623
Deo. 153,449
Deo.
38,892
Ino.
and $12 25@$12 50 for clear. Cutmeats have been more
active, but the improved trade is due in part to concessions by
sellers, and pickled bellies close at 5@53^c,, pickled hams 8@
267,000 SJ^c. and shoulders 43^@4>8C. smoked hams 9>^@10c. and
257,479
shoulders 5,i,^@ 51^0. Beef is nominal at $10 for extra mess
$152,808
per bbl. and $17@$18 for India mess per tierce. Beef hams
;
result of the joint opera-
Reading Railroad and Coal & Iron
December, the first month of the
(including Central of New Jersey Railroad, leased),
increase of $547,403 in gross earnings and an increase
of $289,376 in net, compared with December, 1884,
Net Receipts.
Qrosa ReceipU.
1885.
1SS4.
1885.
1884.
December.
.¥3,937,787
$3,390,38
$1,110,833
$-)71,457
fiscal year,
was an
.
.
.
,
.
St,
Joseph & (rrand Island.
—The
have been*
Noremher—
Gross
gross
1885.
1884.
$87,309
46,814
$102,912
56,558
eaiuln.!,'8
Oi>eratiug ei.pHn3e8
and net earnings
50(2! $17 per bbl.
Tallow has been active at
but closes weak, Stearine'" is firm at 6J^c. Butter is
quiet at 22@ 35c. for creamery. Cheese remains steady at 6@
lOl^c. for State factory. The number of swine slaughtered at
the principal Western towns from November 1 to latest dates
was 5,255,000, against 5,265,000 for the corresponding period
The following is a comparative summary of
last season.
aggregate exports from October 26 to January 23
are firmer at $16
45^0..,
:
1885-6.
Increase.
$15,603
11,744
Pork
lbs. ll,63.-j,800
lbs. 125,429,-,i78
lbs. 70,237,652
Bacon
Lard
1884-5.
13,412,000
140,564,.'iS0
81,029,289
Dec.
1,806,200
I)bc.
15,1.35,302
Dec
10,791,637
Rio coffee on the spot has been held rather more firmly, and
SO—
is quoted at S}4@9%c. for fair cargoes, and there has been
$653,175
$698,682 Deo. $45,5(6 a good business in mild grades; but in Rio options the market
519,769 Dec. 99,413
420,356
has been inactive and unsettled, and the closj is dull, with
Ketearnlugs
$232,819
$178,912
$5;i,!(06
sellers this afternoon at 6-60c, for February, 6-60c. for March
Southern Pacific Co. The stock of this company is for
an authorized issue of $100,000,000, of which $88,076,200 has 6-60c, for April, 6-70c. for May, 6-75c. for June, 6-80c. for Octobeen issued and will be listed at the Stock Exchange is soon ber and 6-90o, for Dacpmber, Raw sugars, at a decline of J^c,
fair refining and 6c. for Centrifugal 96 deg. test,
as the engraved certificates are ready. The Union Trust Com- to 5^80. for
pany is the registrar and the trustee for holding in trust all have been much more active in all grades and a large busithe stocks owned by the Southern Pacific Company. The ness was done to-day. Refined sugars are also easier at 7@
statement made to the Stock Exchange contained the follow- 7}/8C. for crushed. Molasses is again lower at 23c, for 50 deg.
test, but the decline leads to more business.
ing:
Kentucky tobacco has been fairly active and steady, the
The company has purchased and now owns the following
sales amounting to 300 hogsheads, of which 250 for export;
ilroad stocks and bonds:
lugs are quoted at 63i@7c., and leaf 7(8 lie. Seed leaf, howv^wjtf of corporallmi.
Par value. Tot. slock of Co.
itlieniPacitlc KK. Co., of Callfoniia
$44,039,100 ever, again sho^vs a comparatively small movement, and sales
$43,360,050
Do
Wo
Arizona
19,!t92,60O
19,»95,000 for the week are only 700 cases, as follows: 200 cases
Do
6,888,Si!0 1884 crop, Pennsylvania Hivana seed, 9@18c.
Do
New Mexico.. 6.H8'',800
100 cases 1883
->ii>r(ran'8 I,i .& Texas RR. and 8. S. Co
3,995,900
5,000.000
100 cases 1884 crop, New EngGal. U,i-. &.S1111 Aiitouio Uailwav Co
27,OS5.10l) crop, Penni^ylvania, 8@ 10c.
25,780,400
cases
crop,
1884
Wisconsin
Texas &Ncw Orleiius RK. Co...."
5,000,000 land Havana seed, 13>6@30c. 100
4,972,500
Net earnings
Seven monlKs ended Nov.
6ro88 earniiiKS
Operating exiienses
$40,494
$44,353
$3,959
—
;
;
;
Louisiana Western Itli. Co
Mexican International RK. Co
Total stnok
Har. A San Ant.
.;.
.
;
'
'
i
,
[
3,310,000
4,164,100
$112,264,350
W.
Dlv. 6
!(
3,300,01)0
4,922,100
$116,293,100
1,110,000
bonds..
Total stocks anil bonds
$113,374,350
This company has issued no bonds, and has incurred no
uebts or obligations beyond the current monthly pay rolls and
supply bills and its obligations under leases.
—
Union Pacific. This company offers to purchase up toFebruary 10, 1S86, any or all of the outstanding land grant bonds
of the several issues at the following prices
Bonds due April
bonds due October 1, 1888, 110-96 flat;
1, 1887, at 106-10 flat
and bonds duo April 1, 1889, 112-55 flat.
The company has also notified the Stock Exchange that the
following amoimts of bonds were outstanding Dec. 31, 1885:
Kansas Pacific consols, $14,905,000
Denver extensions,
$6,259,000, and Union Pacific land grants, $3,706,000.
There
are $509,000 Denver extensions in the sinking fund. Kan^as
Pacific consols Nos. 1 to 16,4.30 are a good delivery. The dif:
:
;
ference, $1,525,000,
of land sales.
have been bought by trustees on account
Wheeling & Lake Erie,— In pursuance of the recent order
of the
United States Court for the sale of tbds railroad, t lie
Master Commissioner has decided to sell the road on Marcli 31,
The minimum
price
is
$500,000.
seed, private terms, and 200 cases 1884 crop. Little
Dutch, 12@14c.; also .S50 bales Havana, 60c,@$l 10, and 150
bales Sumatra, $1 25@$1 60.
The speculation in spirits turpentine has been dull, and the
close is nominal at 41c. on the spot, with sellers at 43c. for
March and 40c. for April, Rosins have continued quiet at
$1 03}^@$1 05 for common to good strained. The speculation
in crude petroleum certificates was buoyant early in the
week, and prices advanced to 90,1^0, , but have latterly
declined, and to-day were almost panicky, under favorable
well news, dropping to 83%c., closing this afternoon at
83^@83J^c.; crude in bbls. quoted at6?8@7^c.: refined in
bbls. at 7i'.^c. and in cases b%@'i}ic.; naphtha 8@8i^c.
On the Metal Exchange to-day pig iron certificates were quiet
and steady at $17 37i^@$18 37>g, and No, 2 American on the
Tin fairly steady at 30-30®
t.pot
quoted $16 00@$17 50,
20'45c.
Tin plate dull at $4 20@$4 37>^. Copper quiet at 1 114
@ll-60c, for Like, 10i4@103^o, for Baltimore. ]0@103^c. for P.
Lead steady
S. C, and £39 178, 6d.(«oi;40 10s. for Chili bars.
Spelter quiet at 4-33>i@4-40c. for
at 4>^@45^c. for domestic.
domestic and 4-90@5'15c. for foreign.
Ocean freights have been only moderately active, owing to
the speculative values maintained for grain. Some business
was done to-day at 2^gii. to Liverpool and 3d. to London, with
charters from Baltimore to Cork for orders at 3s. 3d,<g33. 4.^d.
per quarter. Petroleum'chari'BrB aiw dull.
Havana
•
THE CHRONICLE.
158
29, 1886.
Friday, P. M., January
as indicated by our telegrams
Forthe week end,„g
from t^e South to-night, isgiven below have reached ldi,3Ui
fhis PTenine (Jan. 29), the total receipts
mSlO bales la^t week, 108,488 bales the preYious
THE MOVEMBNT OF THE Ckop,
WesfSft
v^ ^d
mafang the total
165,006 bales three weeks since;
113^46bales^a^^^^^^^
re^^t^sTa^ the 1st of September, 1885, 4 1884-85, showmg fi
period of
4,126!!)92 bales for the same
decrease since September
at—
Receipts
Hon.
Sal.
2,106
Qalveston
1885, of 13,746 bales.
1,
Thurs.
Wed.
Ttus.
2,162
2,793
2,740
1,968
Mobile
Fn.
TolM.
1,625
13,394
6,608 10,013
3,397
4,733
7,777
2,407
7,832
3,433
2,214
4,061
3,685
198
2,405
630
630
2,260
18,058
195
6,127
195
Brunsw^k, Ac.
1,081
1,441
354
168
603
262
15
3,539
3,284
350
677
1,266
1,041
1,049
652
195
117
2,281
106
1,508
682
577
42
197
3?
25
91
611
1,046
1,080
Charleston
Pt. Koyal, &c.
868
WUmlngton
315
425
399
1,386
3,383
544
149
Boston
Baltimore
Phlladelp'a, &o.
Moreli'd C.,&c
Norfolk
WestPoint.&o
New York
1!
503
1,923
15
12,121
4,616
2,617
5,262
3,000
2,121
1,263
1,347
1,208
3,000
1,751
28,113 131,804
Totals this week 20,708 V!7,870. 19,486 21.715: 16,912
For comparison, we give the following table showing the week
total receipts, the total since Sept. 1, 1885.
Since Sep.
1, 1885.
Week.
13,394
New Orleans.
51,135
13,057
Bavaunah
18,058
Br'sw'k.&o
195
Charleston..
6,127
Wilmington
M'headC.&c
Norfolk
W.Polnt.&c
New York..
Boston
Baltimore
..
PhUadel'a,J:(
1,923
15
12,121
4,616
2,617
5,262
3,000
2,121
134,804 J,113,24K
Total
Since Sep.
1, 1884.
3,890 420,547
130
9,7C3
28,619 1,280,718
2,925 20>,776
61,985
1,835
658,072
6,455
9.383
456
13,2; 9
401,121
5,643 465,099
110
5,168
9,804
90,083
1.070
83,685
42
9,313
4.584
490,643
409,620
9,57
206,241
3,124 260,037
41,148
45,001
5,413
67,517
63,665
1,842
1894
21,553
31,605
30,18'
25,33'
2,241
503
Pt.Royal,&c
This
Week.
590,776
781
1,338 537
202,212
40,877
616.08
630
Florida
Stock.
1884-85.
1885-S6.
Tliii
Galveston ...
Ind'nola.&c
s
and the stock to-night,
for the corresponding periods of last year.
and the same items
Mobile
7 5,29 i
1885.
1886.
71,389
387,963
57,671
1,140
90,376
27,979
75
335,677
44,031
9
56,148
40,291
28
5,943
73,099
30
11,516
46,682
6,452
273,246
6,310
32,178
25,167
36,514
316
302,343
0,310
18,057
4,126,992 1,083,239
11730
885,457
In order that comparison may be made with other years, w(
give below the totals at leading ports for six seasons.
1884.
1885.
1886.
Receipts 'at—
1883.
1882.
W. Point, &e.
All others
12,451
42,017
6,401
10,556
7,296
1,349
14,784
4,410
12,816
£2,347
1,938
12,121
4,610
13.855
4,020
28,619
2,925
6,455
5,783
1,112
9,571
3,124
13,681
Xot. this w'k.
131,804
75,295
112,110
13,394
51,135
13,057
18,058
6,530
Galve6t'n,&o.
New Orleans.
MobUe
Savannah
Charl'st'n.
&o
WUm'jrt'n.&o
Norfolk
I8al.
12,063
19,021
14,537
5,255
17,949
3,685
12,809
11.424
25,099
4,972
10,562
8 436
3.578
15,915
1,679
13,392
20,560
56,240
9,722
17,812
171,316
95,057
147,129
6.J,650
12,5",0
2,399
11,177
1,793
14576
Blnoe Sept.
1. 4113,246 4126.992 3981,316 4319.947 3737,538 4116,544
Galveston includes ludiauola; Chailoaton includes Port Royal, Ac;
Wilmington includes Moreh'd City,&e.; West Pomt includes City Point,&o.
The exports for the week ending this evening reach a total
Of 114,642 bales, of which 68,976 were to Great Britain, 11,464
to France and 34,202 to the rest of the Continent. Below are
the exports for the week and since Sentember 1, 1885.
Week
Galreaton
Mew
Bniiinti
From
Jan.
Sept.
JBxyorted to-
Exports
/rem—
Orleana..
HoMle
On Shipboard, not cleared—for
Jan. 29,
Great
Cbnti-
Ibtal
Great
Brit'n.
nent.
Week.
Britain.
12,7i-9
55,857
2,6«3
32,303
e,351
1, 1885. to Jim.
Exported to—
29, 1886.
—
WUmlngton...
•i,9ai
Norfolk
a,005
Weit
9,483
850
830
6.1M
Boston
»,990
Baltimore...
PhUa4elp'a,fto
.
1,800
eP,978
11,164
34,S02 111,612
ft!
,030
13 31?
1)1.805
724.911
873,245
18,770
21,137
2H4,ii96
75,813
In cotton for future delivery at this market there was a
sharp decline on Saturday last. The decline brought under
sale a large number of "stop orders"— speculative purchases
upon which the margins were exhausted, and they had a
On Monday a demand
depressing influence upon values.
to cover contracts caused some appearance of steadiness, and
early on Tuesday there was a firmer feeling, whicli carried
Wednesday
prices up 6@ 8 points from the lowest figures.
opened higher on a better Liverpool report, but the full receipts at the ports and the free marketing of notices for February delivery caused a decline of 5(a) 6 points, from which there
was a partial recovery on the small interior movament, as reported to the Cotton Exchange. Yesterday there was an advance of 5 points on better foreign advices and an
improvement in cotton goods, causing some revival of confidence in better prices. To-day a firmer opening was followed
by a decline, the interior stocks not declining as much as was
expected. A feature of the business in futures the past week
is the large amount of premiums paid to exchange contracts
for early deliveries for the more distant months, when, it is
believed by the bull party, the conditions will be favorable
to a higher range of prices. Cotton on the spot was lower on
Saturday last, but a decline of l-16c. was not quoted till Monday; and on Monday afternoon and Tuesday morning an unusually large business was done for home consumption. Yesterday there was a firmer feeling. To-day there was no change,
middling uplands closing at 9 3-16c.
The total sales for forward delivery for the week are 594,000
For immediate delivery the total sales foot up this week
bales.
4,534 bales, including 25 for export, 3,999 for consumption,
100 for speculation and 400 in transit. Of the above, 100 bales
were to arrive. The following are the ofiicial quotations for
each day of the past week.
—
Jan. 23 to
Jan. 29.
Ordln'y.^B)
Strict Ord..
Good Ord..
G'd Ord
Low Midd'g
atr.
Btr.L'w Mid
Middling...
Good Mid .
8tr. G'd Mid
NEW ORLEAN8.
UPLANDS.
Mon Taes Sat. Mon Taes
v>
838
613i8
7'4
8S18
858
8%
B\
9
9
93 te
9
9M
6f9
8
716,8
838
7
"is
87,e
813i«
9118
914
9=8
Midd'gFairllOii
llO's
Fair
6»ie
69l6
9»;,
jl03,6
1013.
93,6
99,6
Ordln'y.«lb
Strict Ord..
Good Ord..
G'd Ord
Low Midd'g
att.L'wMid
MiddUng...
9tr.
715,6
838
8%
8%
69,6
7
9
6^
6%
73,6
81a
8%
STAINED.
Low Middling
Middling
I
89,
815,,
93,6
938
9%
10
10%
11
8'«,.
9
93,8
9^
816,6
93,6
938
938
67,6
7ii
715,
8li,6
MARKET AND
8%
I?"
8i«
80,
89,6
8l'i.
9'l«
938
10
97,6
913,6 9%
101 le 10
103a
11
107,6
Il'l6
11
Wed
8%
89,6
815,6
9^16
9%
9%
638
71,6
7^8
9=8
638
71,6
7''e
858
89,6
815,6
93,6
93s
9^
10
1038
11
9%
10
1039
11
10%
63i
73,6
mon Tnes
Sat.
?llb.
S»16
8%
6*1
73,6
73,6
818
89,6
8i4,e
9
6:^
73,8
73,6
Frl.
7
Mon Tuei
Sat.
615,6
7>4
83,6
868
6'*i
Til.
69,6
718,6
838
93,6
93,6
9%
93ia
Good Md.. 99,6 99,6 99,6 9%
8tr, <J'd Mid 913,6 913,6 913,6 10
Midd'g Fair 103,8 103,8 103,6 1038
Fair
1013,6 1013,8 1013,6 11
Good Ordinary
Strict Good Ordinary
73,6
8l6
89|8
815i8
93,6
938
97l6
9l5i6 9%
9iSi(i lOiia
10
103, B 107,6 1038
lOiSj, ll'ie 11
IVed Th. FrI. IV^ed
69 16
7
715
838
&\
TEXAS.
|
Sat.
Tli.
Frt.
6%
~6\
"3,6
Sl6
89,8
815,6
93,6
938
73,8
8i«
89,6
815,6
93,6
938
9%
9%
10
10
10
103a
11
103a
11
1038
IS^ed
11
Xh.
Frl.
6%
638
71,6
7 '8
8=8
7''8
l>
7'8
838
B5g
BALES.
The total sales and future deliveries each day during the
week are indicated in the following statement. For the conrenience of the reader we also add a column which shows at a
glance how the market closed on same days.
Ex-
Con-
port.
sump
Firm
....I
25
124
279
Spec- Tranr
ul't'n
....I
sit.
100
.... 2,788
....{
292
....I
309
Total.
400
207
25 3,999'
100
400
dally dellvertea given above are aotually
previoas to that on whion they are reported.
The
2,57'
Total
160,543
187,318
86,676
115,417
Total 1885
Total 1884
Frl
12,1*03
Total 1881.85
14,800
8,819
33,371
Sat.. Dull
Mon . Dull at lie dec..
Taes. Steady
Wed. Quiet
rhors Firm
6,22'
1.377
40,297
38,945
Total 18«6. 107,085
6,990
6,827
878,109
1,000
44,871
61,099
69,176
46,227
27,951
SALES OF SPOT AND TSANSrr.
6,006
8.94S
201,830
None.
2,250
SPOT MARKET
CLOSED.
Point...
New York
22,202
500
None.
Other ports
1,135
8,545
1,000
1,500
3,200
5.897
2,060
None.
None.
6,653
9,4631
42,172
4,000
18,000
4,761
6,831
s.siioj
None.
None.
12,161
500
None.
Norfolk
Stock.
Total.
wise.
28.5,578
31,186
Nome.
Galveston
Ooastr
102,387
12,800
9,000
21,200
25,162
18,731
8,550
7,000
50,495
11,800
3,000
None.
13,319
16,671
5,800
6,000
8,88S
Ofaarleglon
Other
France. Foreign
Great
Britain.
New Orleans
Florida.
larannah
Leavina
AT—
Savannah
51,135
13,057
10,751
463 1,859
8,151
Florida
Sarannah
Jan. 29.
We
New York
Indlanuia, &0.
New Orleans...
Btetipts to
In addition to above exports, our telegrams to-night also give
as the following amounts of cotton on shipboard, not cleared,
add similar figures for New York,
at the ports named.
which are prepared for our special use by Messrs. Carey, Yal«
& Lambert, 89 Broad Street.
Mobile
Charleston
I
[Vol. XLII.
VeliT-
Total.
Sales.
4,524 591,0001
delivered
asi3!»ll
ing comprehensive table,
9001
iW
l,500j
40«
3,30fl
the day
The Salks and Prices of Futures are shown by the
91. 431
eriw.
124 114,300
401 107,000
2,788 76,200
292 10:»,700
709 99,800
207 87/100
follow-
In the etatament will be found
tbf
Jasuahy
THE CHEONICLE.
80, 1888.1
itily markpt, the prices of sales for each mooth each dajr,
the clriHiiu; hirlH. in aiiiiition to the rlailr and total sale*.
and
* ST
•08
159
Tint VisiBi^ 8xn>Pi.T of Cotton to-ni^ht, as made up by cable
t«logr»pli, iH OS folIowH. The Continental stocks, as well
thoRo for Urcut Britain and the afloat, are this week's returns,
and consequently all the European figures are brought down
But to make the totals the complete
to Thursday evening.
nguree for to-night (Jan. £11), we add the item of exports frcm
the United Stat^, including in it the exports of Friday only,
•nd
Stock St Liverpool
Block at Loudon
II
rs
»
a
>i
SoSe
00
«0
<0
2 <
to
*i
^
<C<0
a
<c»c
;
I
®5»
©
I
too
5
•«:
I
2
liloOto
CCC2
wx
WW
I
•»
2
K
a
*M
w
re
3s
WW
2
a
2
Hi©
2
teto
>
5
(CCS
^
KIO
2
Kh-
2
tc
caoo
01
^f.
2
uccOti
C*3
MO
C3
ecu
S
©
^
(OX)
2
U.MO
wcoOco
W03
CCi^^
a
1
cji
rf^.
I
a
jlo*.
5
w*»
"^
"5
I
ffid
o^
§8
>i
©©
5
2
I
9
I
a
Cjt
T
»w:
^
o;
s
or:
I
«
I
I
•
:
01 c**
»- Oi
I
Ji
w
9^:
O* 01
:
I
95
I:
454,000
476,000
217,000
454,000
bales
afloat for £urope...
552,000
60,000
885,4
573,000
S8.000
I
917,6.'i0
260,.'.P1
271,447
31.000
316,294
12,S0O
19,000
5P9.000
274,000
562,000
278,000
55:i,000
.^72.COO
885,457 I,06(>.5«3
266.691
19,000
271.447
34,000
l«:
I
I:
1
1:
d
Ac
2 16,000
61,000
87,400
161,000
58,000
250,000
347,800
462.800
6O),40O
663,010
2,701,871 2,59d,018 2,77?,0iO 2,574,424
Ijales.
—
week and
qa
:
to
%
>r.
•
•
t
tto
*
.
otai»SB.
C V* »
JQ S5 -"
IT*
EC<
*
r. ±"
3)
XT'
•
OB
O
Oi
QD
C. OCX^-OOCDCCnOOOtOt-'CDOODOCC
^c:Ctoocco^atrccoj'COX*OOWCOXM
9
oj-:
I
§tf
cox
5
2
9
:
©©
WW
I
ti^coa(--coc?os»ODrocj»rf^H'00»M-'o:
^-CXifc-COrfkO
MSlCl^l'-K'l-'
5
2
«r:
"^1
K»
cn
OS
on
I
I;
I
I:
I
1
1
1
1
11
Oi
CO
toco
-tOh
-IH
•-J
M
rm
-J
01
ZJf
t
IS:
''
1:
If-
W Oi CO
a 01
•^COOW
MCO
01
CO
-J'
c: C3
to
c
if-
;;>
l^
«0
CO
01
1^
>-»
»-XMO«»f-^C0NJX3i
»u
a
Jt*
t-*
(-"
r-rf-H«C0C0(-'**X00OOC5«XXC.<I'-'X
M*.CO
CO o
KJ w o
^
O Ot ^1 *q
M
tOtO^-<lr-U»*q#»
Qcppxiov^-ic/j*- ^ JO J- ;-• r'Py- i"^ rr"
coaitow<;i wIotocoxoxGCfM j<isV]CvC
H
Ci'-J
t3 c;
M—
CCfc-*M
jc
o CO M M y' r- bi lo »- co
O C ^ 01 H- >- >- 00 C 00 M c. -^ o:
cj' ie-'^M.
cr.
c;i
c^'.^:
-.1
0:
ODOoo-au»a:i-ocicj'ocoxoif^x>-oD
I
1
1:
1
'
1
I
I
l«:
1
OJ
M HMOC wcoto;
CO
00
It.
to
00
to
Viio otVi CO to
•
CSOOOOCOp^I
to^coa
*
^e following exchanges have been made during the week:
to excli. 400 Mcli. for July.
to eich. 100 Mcb. for ApriL
to exch.l 1,000 Feb.forMoh.
to excb. 200 April for May.
Kven 1.400 Jiiii. for Feb.
•21 pd. to exch. 1,400 Fob. for Apr.
•42 pd. to e.\cl'.'>,.'>(jO Feb. ft r June.
•10 pd. to excli. 200 May for June.
•11 pd, to exch. 000 Met. for April.
pd.
pd.
pd.
pd.
M
C't
01 •-
XM
CO
I
M c r; to tc ^ o
lOMWt-'tOCOM
OOOaXQt-'COO
22 pd. to e,xcb.
•21 pd. to excb.
•30 pd to exch.
•01 pd. to exch.
for regular.
•02 pd. to exch.
for regular.
•43 pd. to exch.
•12 pd. to exch.
•54 piL to ox oil.
•34 lid. to exch.
•11 pd. to exch,
w
WM
o<<]u»0
at
it'.M 00
—
© M X lo
a
ccK.i-«c;tMo;cocKao*^o«*jOMtcc;«rf*c:
MasM**QDoscsrf».o^-c«;coo5i-'MM<ic<i
11
;
416,400; Setcmber-Deceinber, for Ueconiber, 928,200.
Transferable Orders— Halurday, 9-10o.; Monday, 910c.; TaendaOT,
9-150.: Wndnesday, »'15o.: Tlmrsday, 9-lOc.; Friday, 9'10o.
Short NoUccs tor Feb.-XUurediiy, <Jll®913c.; Friday, 9 133914c.
•42
•10
•10
•10
CT,
otwcoi^ro
MCO
130,200
SeptemSeptember-November, lor Norembe r,
•32 pd. to excb. 5,700 Ftsb. for May
•52 pd. to eicli. 900 Feb. lor July.
21 pd. to exch. SoO M<-b. for Slay.
•33 |>d. to exch. 3,600 Feb. for May.
o
COr-t»
1:
Inoluiles 8al«8 In September, 1835, for Sepieinber,
;
3S
0®<100M*(^tOlFkCOX< cooco-ocotoxx
o' 00
:
o»osc^-.icooic;t
ber-October, for October, 301,700
78,2(K)
102,800
160,000
66,000
x»ox
i
1
201,000
532,000
917,630
316,204
12,500
221,000
41.000
98,800
39,000
10,000
D i"
I
19:
.'95,000
112,000
15.000
56.800
93.000
41,000
CO
1
6(1,000
1,060,56.1
? SSi^i
8
©©
WW
4
1
532,000
.7
2,701,871 2,=j9J,048 2,778,010 2,574,424
©
©©0=5
^V) o
iti
I
Eur'pe
figures indicate a decrease in the cotton in sight
to-night of 9,177 bales as compared with the same date of
1865, a deorease of 331,739 bales as compared with the correspouding date of 1881 and a decrease of 187,753 bales as
compared with 1888.
1
»:
,000
do
©M
W
I**
I
1
600
the movement that is the receipts
since Sept. 1, the shipments for the week, and
the stocks to-niKht, and the same items for the corresponding
period of 1884-S5— is set out in detail in the following statement.
>
I
afloat for
AT THE Interior Towns
'^
I
1
yi
<t-M
I
soo;
©
c9©o©
©©S© s©o©
o ? «©o©
o wwOw wwOcj ©©o©
wwOw ww©w <?
wwOw
Wrf^Ow
*JO
y^
Ui
w 00 ^
:;<
4,1100
1,500
The above
for the
:
©© 5 ©© 5 ©©
WW
WW 2 WW
WW
:
5
©©
o< -A
CO
'^
I
«©
"^
©» c©§© ©©o©
O
«©?;©
-Jt
c/J
tt
5
o©
1^
i
-0-?
0=0!
©tc
C -1
to©
«O
C0^^
6 w:
©e
I
o|
^
^1
« «:
-1 <l
«
©o
W©
©«zO © oo§©
-j ->
I
W
(f-*4
I
;
CO
t" w
o»
-iM
c;*
teto
a*-;
c. i - ^
X C. ^
CD
5
2
<??
101,000
0,000
tW The imports into Continental ports this week have been
59.(00
ii
O'
I
i»2i
303,800
53,ot)0
firo
3,8
3,019,671 3.0j8,843 3,3S1.4iO 3,237,424
Total vlelble supply
5d.
ed.
ti^uA
5i:i«d.
Price Mid. Upl., Liverpool
lO^c.
II-'^kC1C3,«C.
Price Mid. Upl., New Yorlt....
93uc.
tcoiT"'
o:-i
=??
365,100
5
a
ui
wto
*«>
c. 01
372,HO0
90' ,800 1,236,8C0 1,224,400 1,233,000
IIS.OOO
39,000
161,000
160,000
Total En.8t India,
Total AUieiloan
I
-^
tea
273,800
Total European stocks ....
(ndla cotton alioat (or Europe.
7, COO
44,900
53,000
CO
yio o jj
CJt
rotal Continental stocks
9p:
OD,
§
7,OiiO
Egypt, Brazil, Ate, afloat
I
g
.'.i.OOO
2
igww^
<?o--o
2
41,000
4,000
7,000
177,000
3,900
45,000
8,200
5,200
«-*
CO
toto
o". ;;•
CO
ts-.s
a
1^1^
aw:
I
210,000
Total American
£a$t Indian, Brazil, <ic.Liverpool stock
London stock
Oontlnental stocks
India afloat for Europe
oP:
»o
111
en
141,000
4,000
45,000
10,000
3,000
United States stock
1,083,239
United States interior stocks.. 441,;^14
27,118
United States exports to-<lay..
CDtCo
®»oO
800
1,100
Liverpool stock...
Continental stocks
CO
c;o
I
300
American
CCOo*-?
tcriCto
o^
-x-
2
bod:
I
t
COtoOw
929,200
3,600
40,000
18,000
American —
ten
KtO
90
WW
809,000
3,700
67.300
851,000
rot?a visible supply
3,040,671 3,05F,S48 3,381,410 3,237,424
Of the above, the totals of American and other descriptions are as f oUon s:
to
to
Ifr
7(',-200
864,000
•.>.
OD
ICtOc'O
la.oOO
1,700
633,000
4,300
35,500
29,000
Egypt,lirHZii,Ac.,atIt for E'r'pe
41 .000
Stock in United States ports .1,08:^.239
444,
"ill
Stock In U. S. Interior tov/ns..
United States exports to-day .
7,11
».":
e!o3o
:
Be;
w
18Sa.
"I'J-.i'OO
Total Great Britain stock .
Stock at Hamburg
Stock at Bremen
,
8tuck at Aiimtcrdam ..........
Stock at liotterdam
Stock at Antwerp
Stock at Hiivre
Stock at MHrnellles
Stock at Barcelona
jtook at Oenoa
8tock at Trieste
Amer'n cott'n
:>i
-OtO-"
I
o>-
CO
UCJt
O
a
I
eu
<-^0
2
18S4.
188.^.
823,000
41,000
"
Oil-
:
»»
CDCOc®
M
2
CCCSo<?
*•o^^•
I
CO
c-M
w
>-CW
OQ
5
(OtO
1886.
618.000
IS.OOO
bslea.
300 Mch. for May.
500 April for June.
400 Feb. for Aufr.
300 Feb. b. n. Ist
lOO Feb.
s.
MW
H*
OCCOCOOOJMCCfcOODm
;,"
CO CO
M
•-•
wc»io»'»-VoD"roc>»>-'ot^M^*-V>'iuVjaD
corf*.i-*toiytcjMit*oiooox(^XK)tc(oy*>
ai0i^co^tooctoo>c;ii-'0>-*&ooo^i^oo
<]
ciCoyfif»'Mxcj»
M o ^^ ts X to CO X en coxxxomm
*-•
:
<oac;tajcoi^o
atF^'MOcnoootxxco*
IC_W
OS
'»ooici»'toc;»x
wVoiacoosc-iOrO" l-MtCCO
n. let
500 Feb. for June.
800 Feb. for Mcb,
200 Feb. for July.
100 Feb. for JIay.
100 AprU for ilay,
CO
MCOCiMlCtfa.-^**
^X^P**XMMMIO_h^.XC0M<lU_-ipp
o
xcccoocotoo
H* 03 a to CO 00 o
to CO <i
to
i-Mi^'oeMCco
-'
w*-^
w w
XOOft.XXl-'
The abOTe totals show that the old interior stocks have
decreased during the weok 1:1,310 bal«a and are to-night 177,923
THE CHKONICLE.
160
bales
more than
at the
same period
The
last year.
receipts at
towns have been 9,568 bales more than the same
week last year, and since September 1 the receipts at all the
towns are 430,338 bales more than for the same time in 1884-5.
Quotations fob Middunq Cotton at Other Markets.—
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week.
the same
Week ending
Jan. 29.
Galveston
OLOSINO QCOTXTIONS FOR MIDDLINO COTTON
Satur.
9
. .
New Orleans.
Mobile
8"ia
8"i6
Hon.
9
SiBie
81118
Siiia
§
8%
8\
S\
8%
Charleston .
Wilmington..
Norfolk
9
9
9
9
9
8^8
S'e
8''8
9
S-'e
§>
S's
9^
9H
938
8%
8%
9%
9%
9i«aSi6
9^8
938
938
8X8
8H
8!l»
8t.
8%
8%
S'^a
LoDlBvUle....
8'8
S's
Memphis
Louis
Olnclnnatl . .
8%
8H
8h
878
8 '8
S'e
Fri.
f>
?','»
18
81116
RaVftnTiAh
9%
Boston
Baltimore
S^aiHe
aag
FblladelpUa.
8%
Augusta
Thurs.
Wedtiet.
Tue».
SlBlg
81116
81116
ON—
8%
8%
iVi"
8%
il'"
8\
9
s^eag
§>
11^
8»ia
H'a
9>4
2^
9ie
9^she
9%
93e
8%
8%
8%
8\
8*1
8Te
STb
8h
8%
§J
8%
**>
8^8
Receipts from the Plantations.—The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
Week
Bndino—
BeceipU at the Portt. Sfk at Interior Towns. Rec'vt' from Plant'nr.
18S»«'1884-85 188&^, 1888-84 1884-85 1885fl6 1889.81 1884-85 1885-86
j
Deo. 21..
" 31..
Jan.
8..
••
13..
»
22.,
j
205.981422.310 3B3.620 521,319 200,419 207.517 249.061
201,B86 207 .!
140.612 154,075 19e,8B0407,974 349,4S8 513,567 126.278:140.043|219.098
165.006 'Sh9.898 320.785'528,581 72,160|l05,29l'l48,010
188.694
90,245
81,284 :i5,025l 95,920
110,467 130.951 108.488 360.715 301.859 513,993
104,533 93.91llll0,810 330,900 298,080l493,260
112,110
74.718| 87,132| 89,567
80.664' 58,087 117,896
75.2951 134 .804 299.754 280.672476.342
—
1. That the total receipts from
the plantations since September 1, 1885, are 4,573,738 bales;
in 1^-85 were 4,390,649 bales; in 1883-84 were 4,331,914 bales.
3.
That, although the receipts at the outports the past week
were 134,804 bales, the actual movement from plantations was
only 117,896 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 58,087 bales and for 1884 they were
The above statement shows
—
80,964 bales.
Amount op Cotton in Sight Jan. 29. —In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to Jan. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
1885-86.
1884-85.
1883-84.
1882-83.
Beoetpts at the ports to Jan. 29 4,113,246 4,126,992 3,981,316 4,319,947
Interior stocks on Jan. 29 In
4(50,492
263,657 250,598 331,038
excess of September 1
—
Tot. receipts from planta'tns 4,573,738 4,390,649 4,231,914 4,650,985
525,092 358,048 382,415 413,082
Net overland to January 1
131,000 115,000 123,000
Southern consumpt'n to Jan. 1
130,000
Total In sight January 29. .
5,229,830 4,863,697 4,737,329 5,194,067
Northern spinners' takings to
1,151,099
889.880 975,791 1,085,631
January 29
It wUl be seen by the above that the Increase in amount in sight
to-night, as compared with last year, la 36d,133 bales, the increase
as compared with 1883-84 ia 492,501 balea and the increase over
1882-83 Is 35,763 bales.
Weather Reports by TELEanAPH.—There have
been light
rains in almost all sections of the South during the week.
Cotton continues to move quite freely both to the ports and
interior towns, the week's total in
[Vol. XLII.
eraged 39, the highest being 60 and the lowest 21. Last week
the weather was cold and wind changeable. Temperature
averaged 92 -8, the highest being 80, the lowest 29. Rainfall
eighty-one hundredths of an inch.
Little Rook, Arkansas. Telegram not received.
Helena, Arkansas, We have had rain on four days of the
week and snow on two. The rainfall reached eighty-seven
hundredths of an inch. The thermometer has ranged from
18 to 46, averaging 31.
Memphis, Tennessee. It has rained on six days of the
week, and now threatens rain. The rainfall reached eightysix hundredths of an inch. Average thermometer 30, highest
43 '5 and lowest 14.
Nashville. Tennessee. It has rained on every day of the
week, the rainfall reaching one inch and fourteen hundredths.
The thermometer has averaged 31, the highest being 51 and
the lowest 12.
Mobile, Alabama. It has been showery on six days of the
week, but as the week closes there is a favorable change. The
rainfall reached forty-nine hundredths of an inch.
The
thermometer has averaged 47, ranging from 37 to 62.
Montgomery, Alabama. It has rained on four days of the
week, the rainfall reaching one inch and eighty-one hundredths. The thermometer has averaged 48'6,
Belma, Alabama. It has rained steadily on two days of the
week, the rainfall reaching one inch and ten hundredths.
Average thermometer 45, highest 54 and lowest 37.
Auburn, Alabama.— ii has rained constantly on two days
of the week, the rainfall reaching two inches and twenty-five
hundredths. We have had frost this week, but not killing.
The thermometer has averaged 46, the highest being 63'5 and
the lowest 32 '5.
Madison, Florida. It has rained on two days of the week,
the rainfall reaching eighty-two hundredths of an inch. The
thermometer has averaged 54, ranging from 40 to 70.
Macon, Georgia. We have had rain on two days of the
week.
Columbtis, Georgia. It has rained on two days of the
week, the rainfall reaching one inch and seventy hundredths.
Average thermometer 44, highest 58, lowest 38.
Savannah, Georgia. We have had rain on three days, on
two of which light, and the remainder of the week has been
pleasant. The rainfall reached forty-six hundredths of an
inch. The thermometer has averaged 49, the highest being 65
and the lowest 36.
Augusta, Georgia, The weather during the week has been
cool and cloudy, with light rain on four days. The rainfall
reached sixty-four hundredths of an inch. The thermometer
has averaged 44, ranging from 30 to 61.
Atlanta, Georgia. —We have had rain on two days of the
week, the rainfall reaching ninety-one hundredths of an inch.
The thermometer has averaged 4'1.
Albany, Georgia. The early part of the week was clear
and pleasant, but during the latter portion we have had rain
on two days. The rainfall reached fifty hundredtlis of an
inch. Average thermometer 49, highest 68 and lowest 32.
Charleston, South Carolina, It has rained on five days of
the week, the rainfall reaching ninety-two hundredths of an
inch. The thermometer has averaged 45, the highest being
62 and the lowest 32.
Stateburg, South Carolina. It has rain lightly on two
days, and the remainder of the week, with the exception of
one day, has been cloudy. The rainfall reached twenty-seven
hundredths of an inch. The thermometer has averaged 41 •4,
ranging ffom 31 to 55.
Wilson, North Carolina. We have had rain on two days,
and the remainder has been cloudy. The rainfall reached fifteen hundredths of an inch. The thermometer has ranged
from 28 to 48, averaging 38.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
January
28, 1886,
and January
29, 1885.
Jan. 28,'86.
each case showing a large
Feel.
gain over last year.
Galveston, Texas,
—We have had no rain the week. Av.
erage thermometer 51, highest 66, lowest 34.
Indiatwla, Texas. —It has rained on one day of the week,
all
the rainfall reaching twenty-four hundredths of an inch. The
thermometer has averaged 50, the highest being 68 and the
lowest 31.
have had rain on one day of the
Palestine, Texas,
week, the rainfall reaching four hundredths of an inch. Ice
formed on three nights. The thermometer has averaged 48,
—We
..Above low- water mark.
New Orleans*
Memphis..--..--, ---.Above low-water mark.
Nashville
Above low-water mark.
Above low- water-mark.
Shreveport
Above low- water-mark.
Vicksburg
8
19
21
13
25
liich.
Jan. 29,'85
Feel.
Itush.
4
1
9
4
30
25
25
42
5
2
2
6
I
2
Now
reported above low-water mark, instead of below high-water
as prior to October 30, 1885.
mark
India Cotton Movement from all Ports.—The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Jan. 28.
BOUBAT BBOBIFTS AND SHIPMENTS FOB FOUB TEABS.
Shipments this week.
Shipments Since Jan. 1.
Reeeiplt.
ranging from 22 to 71.
New Orleans, Louisiana. We have had rain on two days Year 0real OontiOreat
ContiThis
rear.
Total.
Total.
Brit'n. nenl.
Britain nent.
Week.
of the week, the rainfall reaching seventy-one hundredths of
an inch. The thermometer has averaged 48.
1886
19,000 19,000 10,000 42,000
52,000 45,000 140,000
Bhreveport, ioMfcfano.— Rainfall for the week four hun- 1885 2,000 4,000 6,000 11,000 37.000
86,000
48,000 J7,000
dredths of an inch. The thermometer has ranged from 25 to 1884 7,000 16,000 23,000 53,000 72.000 125,000 36.000 193,000
165,000
38.000
1883
11,000
39,000
50,000
39,000
67,000
106,000
70, averaging 41.
Columbus, Mississippi. It has rained on four days of the
According to the foregoing, Bombay appears to show an
week, the rainfall reaching ninety-three hundredths of an increase compared with last year in the week's receipts of
inch. Average thermometer 28, highest 48, lowest 22.
18,000 bales, and an increase in shipments of 13,000 bales, and
Meridian, Mississippi,— The weather has been cold and the shipments since January 1 shew an increase of 4,000 bales,
cloudy all the week. The thermometer has ranged from 25 to The movement at Calcutta, Madras and other India ports for
45,
the last reported week and since the 1st of January, for two
Leland, Mississippi—The weather has been cloudy all the rears, has been as follows,
"Other ports"' cover Ceylon,
weekj with cold rain on two days. The thermometer has av- Tuticorin, Eurrachee and Coconada.
—
—
JANUAJIY
I'HE CHRONICLE.
80, 1886.1
Bh^/tmenli tint4
BMpmtnti for <A« wmJc.
January
sales are making on the basis of I '^m 17^ c. for paper
grades and 2@2^c. for bagging quality, these Hgures being
accepted for 8,500 bales, and further negotiations are in
some
1,
Oreat
Britain.
Oontintnt.
2,000
2,700
7,000
6,300
3,000
1,700
300
300
1,000
1,600
2.500
1,000
2,500
1,000
7,500
4,500
2.000
8.500
4,500
4,500
4.000
16.500
12,900
5.000
1.700
20,500
14,600
Oontineni.
Oreat
Britain.
IV><a<.
161
ToUU.
same (luotations.
Comparative Port Kbcbipts aot) Dailt Chop Movbxent,
A comparison of the port movement by weeks is not aocurate
8, WO
as the weeks in different years do not end on the same day of
progress at
0>loatt»—
1886
188&
1,000
1.000
2.000
700
Hadraa—
1886
1885
AUotlien1886
1886
10.000
1.000
l.UOO
ToUl all—
1886
1885
1,030
3,300
3.300
,
The above
700
totals for the
the ports other than
week last year. For
hipments
periods of the
tlie
January
since
week show that the movement from
is 500 bales more than same
Bombay
whole of India, therefore, the total
1, 1886, and for the corresponding
two previous
years, are as follows:
BXP0BT8 TO BCKOFB FROK AIX INDIA.
1885.
1886.
Shipment)
to alt Europe
Th,i»
Binct
frmn—
week.
Jan.\.
We
have consequently added to our other standing
the month.
tables a daily and monthly statement, that the rt^ader may
constantly have before him the data for seeing the exact relative
movement for the years named. The movement since
September 1, 1885, and in previous years, has been aa follows.
Tear Seginninf 8epl*mbtr
UoMMy
fUe»ipt$.
1884.
1885.
1883.
I.
1881.
1882.
345.445 343,812 326,656
Sept'mb'r 385,642
Ootob«r.. 1,055.524 1,090.385 1,046,092
980,584
Hovemb'r 1,083,552 1,122,164; 1,030,380 1,094,697
Deoemb'r 1,069,920 1,104,211 1,059,653 1,112,536
1880.
429,777 458,478
853,195 968,313
974,043 1,006,601
996,807 1,020,802
1884.
ThU
Sinet
Jan. 1.
Tkit
VK»k.
—
nine*
week.
Jan.
1.
3,594,638 3,662,205 8,479,337 3,614,473 3,253,822 3,464,099
Total
Pero'tage of tot. port
76-68
71-75
58-38
68-93
58-80
receipts Dec. 31
.
Bombay
,
All other porta.
Total
19.000
4,500
52.000
20,500
6.000
4.000
48,000
14,600
23.000
7,100
125,000
20,800
23,500
72,500
10,0001
62,600
SO.lOOl
145,800
This last statement affords a very interesting comparison of
the total movement for the three years at all India ports.
This Statement shows that up to Dec. 31 the receipts at the
ports this year were 67,.567 bales less than in 1884 and
114,701 bales more than at the same time in 1883.
The
receipts since September 1, 1885, and for the corresponding
period of the five previous years have been as follows.
—
Alexandria Receipts and Shipments. Through arrangements 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 f oUowin g
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexatuiria, Eaypt,
January 27.
1885-86.
Beoelpts (oantars*)—
This week
Blnoe Sept. 1
1884-35.
50,000
2.428,000
Since
xeeek. Sept. 1.
1883-84.
135,000
2,758.000
TMm
60,000
2,367,000
Since
week. Sept. 1.
Sinci
week. Sept.
1.
Bj^erta (bales)—
To Liverpool....
To Continent ...
7,000 168,000 11,000 229,000
5,000 93,000
5,000 96,000
Total Europe.
•
A oautar Is
98
We
1885-86.
d
3i9a8iiia
8% 1»8n,,l5
9
aS'ia
7% »a^l„
T'9 a8'i6
7''8 as'i,
7H 986,,
7% »8»ia
7% »86,8
Nov27
Deo. 4
11
" 18
" 24
" 31
Jan. 8
" 15
" 22
" 29 1\ a8iii6
8H
tb:
Shirtingi.
1884-35.
Oolt'n
Mid.
XTpUt
32« Oop.
Iwiti.
8I4 lb:
Shiriing).
Ootfn
Mid.
XTpldt
4....
24,844
31,730
14.401
20,516
34,194
20,519
'
6....
"
6....
"
"
7....
8....
" 9....
" 10....
« 11....
" 12...
8
8
A.
B.
»7
m
7'«»7
7ia97
7ia»7
7ia»7
7>«»7
7»a»7
514
53ie
S'la
5
5
d.
A.
8»i8®9'«
89i8»9's
8>s
sag
8!>B
99^
«9
99
4i6ie 8ite«9li8
5
87,6»9li«
5118
51 18
8!% 'ad
5
85,89810l8
8Si«a8i»i«
B.
•7
1»7
«7
«7
»7
<1.
213
3
1
7>a»7
7i«»7
7i«»7
7J«»7
7 fl6 10>«
19,022
23,20b
S.
25,885
21,985
15.947
14,687
32,314
21,987
8.
14,574
18,144
18.770
17,031
19.450
19,977
" 13....
16....
" 17....
8.
" 18....
" 19....
" 20....
21,853
17,094
18,405
13,010
19,971
20,706
" 21....
" 22....
" 23....
" 24....
"26....
" 26....
" 27....
" 28....
" 29....
d.
1881-82
188C-81.
8.
25,086
20,004
24,744
10.924
28,206
14,639
8.
8.
15,018
21,752
12,290
11,009
20,528
6,734
27,870
19,486
21,715
16,912
28,113
13,782
12,777
9,874
10,501
8.
18,208
18,888
19,977
14,490
S.
20,021
9,986
16,885
14,734
14,129
15,185
35.488
24,056
29,131
33,895
34.713
28,830
24,328
17,926
23,405
37,231
17,951
8.
39,653
19,740
26,949
25,776
28,542
23,762
8.
18,021
17,404
16,082
15,170
28,605
15,485
8.
18,192
18,843
8.
21,640
16,348
15.187
12,362
31,380
12,290
8.
31,999
B.
19.691
17,601
13,601
15,735
23,706
20,346
30,896
21,356
16,877
23.886
15,733
8.
8.
21,176
20,568
14,748
21,178
34,374
20,460
23,422
17,250
8.
17,372
14,138
11,527
12,222
21,089
13,203
33,906
8.
13,70.i
13,652
24,656
14,696
8.
S.
23,424
11.808
13,397
16,773
25,039
17,286
8.
26,880
18,056
20.036
18,509
28,777
24,347
8.
26,0§7
23,978
17,36S
18,582
31,395
17,510
8.
23,943
16,669
16,188
22,359
31,278
24,039
(1
5i3ia
5 '9
5i:'u
6
6
East India Crop.—The following is from Messrs. Gaddum,
Brythell & Co.'s circular of date Bombay, December 25, and
further explains and confirms our cablegrams from India of
that and previous dates:
The rain in the Oomra districts continued for a day or tiro after the
departure of the laat mail, but the weather has slnoe been flue, and now
appears to be settled. This rain is not expected to cause auy serious
decrease In the outturn of the crop, but nearly all our reports concur
instatiuKthat the quality has suffered materially, some reports even
stating that nothing over "kooiI" in i;la.s<! will bo obtainable this
season. After such a licavy downpoM at this time of the year, people
are, however, apt to take a rather too gloomy view of the situation, and
although " tine' Oomra may be comparatively scarce this soasou, it is
quite iKBsiblo that, notwithstanding the rain, we may still aeo a fair
quantity of •• fully good" forthcoming. Receipts In the Oomra districts
have, of course, been very small this week, but the gins have l)ei;uu to
work again, and it Ig expected supplies will now increase steadily. In
the Bengal dtstriots supplies continue snull, and prices arc in consequence flnuly maintained. From the Broach and DhoUera districts our
adnces continue very favoralilc, and in the Dharwar, Western and
' ompta districts also a full yield Is expected
this year.
E.VST India Crop.— Our cable from Bombay to-day states
that picking has begun in Broach, Surat and ICattiawar.
JcTE Butts, Baoqino, &c.— There has not been much call
baggmg since our last, and the market is tending downward. Only a few buyers are in market, and small orders
are becoming scarce. .Sellers are showing a disposition to
quote lower rates, and prices are now S'^c. for H^ lb,, 9c. for
\% lb., ^%c. for 2 lb. and 10i^@109^c. for standard grades,
tliough some holders are still asking a shade above tlie.se
flgures.
There has been ratlier mors de mand fnr l^g tty, .^aj
for
8.
"
to-night states that the market is steady.
give the prices
for to-day below, and leave previous weeks' prices for comDarison.
a.
15,144
3....
12,000 263,000 16,OOO!323,000 11,0001255.000
Manchester Market. — Our report received from Manchester
IwuC
8....
«
" 15....
13,000 bales.
82f Oop.
"
"
" 14....
This statement shows that the receipts for the week ending
Jan. 37 were 50,000 oantars and the shipments to all Europe
1882-83.
rot.Do.3i 3,594,638 3,662,205 3,479,937 3,514,473 3,253.822 3,454,099
10.259
24,177
19,952
49,366
8.
Jan. 1....
20,294
5,000 173,000
6,000 82,000
lbs.
1883 84.
1884-85.
1885-86.
Total
4,113,246 4,105,365 3,917,575 4,202,997 3,705,684 3,993,454
Peroentag 3 of total
80-78
69-84
78-63
67-99
85-96
port reo'p ts Jan. 29
This statement shows that the receipts since Sept. 1 up to
to-night are now 7,881 bales more than they were to the same
day of the month in 1884 and 195,671 bales more than they were
add to the tabl e
to the same day of the month in 1883.
the percentages of total port receipts which had been received
to Jannary 29 in each of the years named.
We
The Following are the Gross Receipts op Cotton
at
New
York, Boston, Philadelphia and Baltimore for the past
week, and since September 1, 1885.
new
iiM<<Ptl
ThU
/rom—
week.
New
..
Since
Sept.
1.
S,754
6,313
Since
ThU
Since
ThU
week.
Sept. 1.
week.
Sept. I.
week.
8,113
164,166
708
17,596
76.145
1.700
1,862
1,300
l.(
656
38,377
1,300
1.700
14,885
18,618
No. Carolina..
Sinca
Sapt.l.
4,734
;i34,3l8
Mobile
Florida
So. Carolina.
BAL-rlMORI.
ThU
1B8,5»3
Orleans.
Texas
Savannah.
PHILADBLPH'A
Yobk.
35,900
61,413
81,278
171
4S,688
404
786
aiiiii
54,178
185,301
1.308
2,647
1,178
44,979
1,093
This year...
86,826
886.508
11,745
228,050
5.206
81.783
2.813
128.988
Laat Tear...
43,095
831.332
16,866
276,406
8.8841
67.188!
8.838
186,404
Virginia
1.483
North'n ports
Tennessee,^
3,378
1,418
B-oreign
88.608
8,418
The Exports of Cotton from New York
this week show an
the total reaching 13,903
increase compared with last week,
Below we give our usual
boles, against 11,051 bales last week.
table, showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exportBi.
and irt'ctions since Soptember I, 1885, and in the last COlttmnT:
the tc»ta^fbr the same period of the previous year.
I
THE CHRONICLE.
162
EXPOktS of COTTOU (BALES) fROM
NEW YORK SINCE SEPT.
Same
Week endingBsported to—
Jan.
Jan.
Jan.
Jan.
Total
eince
period
prevViu
7.
14.
i\.
•28.
Sept. 1.
year.
975
4,964
1,102
5,793 195,878 232,918
373 32,148 27,386
18,896 16,475
6,066
6,166 228,026 250,304
1,000
1,350
227
639
100
1,000
1,350
227
789 23,555 27,641
700
479
970
18,027 15,500
UTerpool
OtberBrltish ports
869j
lOTALTO GEEAT BRITAIN
1885.
1.
Other Frenolx ports
26,S90
751
23.455
100
699
499
2,911
2,959
2,S46
21,409
35,682
45,184
33,9 tf4
2,873
TOTALTO NoBiH. Europe 4,120
4,793
4,753
4,594 102,275
95,625
2,02?
7,693
9,721
Other ports
Bpaln,Op'rto,Qll)ralt'r,&c
All other
lOTAL Spain,
1,186
1,550
""36
"iVe
i',334
3,402
10,319
36
446
1,354
13,721
&o
41,458
Shippinq News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
111.455 bales. So far as the Southern ports are concerned, these
in
are the same exports reported by telegraph, and published
With regard to New York we
the Chbonicle last Friday.
include the manifests of all vessels cleared up to Thursday
of this week.
night
„
*
v
Total balei.
New York—To Liverpool, per 'steamers City of Richmond,
,
.
Helvetia,
Halley, 933
Germanic, 1,558
Wisconsin, 208
OreRon, 413
Glasgow, per steamer Utopia, 373
Havre, per steamer Labrador, 6S9
Bordeaux, per steamer Cliateau Latite, 100
Neckar, 650
Bremen, per steamers Ems, 900
.Hamburg, per steamer RUKia, 4ii9
Ehynland,
Antwerp, per steamers Lie Euyter, 1,317
1,420
1,211
To
To
To
To
To
To
Cotton freights the past week have been as follows:
Liverpool, steam d.
Do
—
,
93
373
689
5,/
100
l,5->0
Neustria, 1,253...
To Genoa, per Pleamers LetimUro, 101
Hbw Orleans—To Liverpool, per steamers Audeau, 3,986
111,455
The particulars of these shipments, arranged in our ususl
formi are as follows:
JIarre,
Ant- Genoa
Kouen Bremen werp and
Ham- and LeyVera
Liter- <£ Bor(£•
New
."-,793
York.
N. OrleanB. 21,528
Mobile
4,139
Savannali..
3,521
CliarleBton.
2,106
Galveston . 12,143
739
4,069
2,049
8,680
5,376
4,425
2,022
2,545
Boston
FhUadelp'a
horn. Trieste. Cruz.
1,364
2,738
2,000
1,140
1,250
150
2,487
WUmingfu
Norfolk....
Newport N.
Baltimore..
1,470
2,450
5,810
1,B84
2,328
783
1,700
3,152
1,401
Total... 62.826
Included In the
Glasgow.
7.186 24.252
6.716
above
from
total
12,903
37,015
4,139
12,147
7,671
16,802
1,470
6,462
6,810
2,483
3,152
1,401
150111,455
York are 373 bales to
8,702
New
Total.
1,250
Below we add the clearances this week of vessels carrying
otton from United States ports, bringing our data down to
he latest dates:
Hkw Orleans—For Llverpool-Jan. 22— Steamer Darwin,
23— Steamers
"
Do
sail
Thurt.
Fri
'^ti4
~ti
''e4
'a
....
....
....
....
....
....
"32®%
%
H
%
38
36
....
>..•
....
....
.-.^
.--.
c.
%
Bremen, steam.. c.
Do
sail
Do
Do
6,816
Duchess, 2,000; Leonora, 0,407.
40*
= 16
=16
"le
^16
....
.-
Do
saU.-.
....
....
....
.-..
16«4®lil
16C4»'«
lBfl4@lfl
....
....
»32
»33
'32® "4
732 ®l4
'3i®'4
732 a "4
"4
'32
H
8*-
4
J4
'5)5^2
40*
1564ttls
....
Antwerp, steam.. c.
-..
he
40*
932
Trieste, steam... c.
Per 100
40*
....
c.
38
•
..-.
....
932
e.
Genoa, steam
—
40*
40*
1564® »» 16^^31 Ij
d.
Barcelona,steam.c.
....
»S2
732 a '4
h
"4
9fl4®^a2
932
730314
H
8„4«5^5 9fl^35^2 9|Ua°33
lbs.
—
By cable from Liverpool, we have the following
statenent of the week's sales, stocks, &c., at that port.
add previous weeks for comparison.
LiVKBPOOL.
Sales of the
We
For Barcelona- Jan. 27--8teamer Stratheden, 3,850.
Charleston- For Bremen— Jan. 22— Steamer Blagdon, 5,185.
For Sebastopol— Jan. 23— Steamer Carvis Bay, 4,280.
Wn.MiKOTos-For Genoa-Jan. 29— Bark Mary, "950.
Norfolk- For Liverpool— Jan. 23—Ship Thomas llilyard, 6,005.
Boston- For Liverpool— Jan 23— Steamers Palestine, 1,460; Virginian,
1,614.. ..Jan.
Siberian, 1,000.
Pnii.ADELriiiA— For Liverpool— Jan. 26—Steamer British Prilices8,l,377
for Antwferp-Jan. 26-steamer Zeeland, 1,200,
week
bales.
Of which exporters took
Of which speculators took..
Sales American
Actual export
48,000
2,000
1,000
39,000
2,000
Forwarded
........
Total stock— Estimated
Of which American— Estlm'd
week
Of which American
Total import of the
Ikmount afloat
Of which American
3'2,000
595,000
452.000
132,000
108,000
231,000
216.000
59,000
3,000
4,000
43,000
10.000
19.000
579,00t)
410,000
63,000
50,00u
249,00c'
227.000
Jan. 22,
53,000
2,000
2,000
47.000
3,000
17.000
629,000
490.000
123,000
110,000
200.000
171.000
52,000
2.0C0
3,000
41.000
3,000
21.000
61S.0OO
476,000
59,000
41,000
237.000
201,000
The tone of the Liverpool market for spots and futures each
day of the week ending Jan. 29, and the daily closing prices
of spot cotton, have been as follows:
Saturday Ifondaiy.
Spot.
Market,
I
5
Mid. Upl'ds
Mid. Orl'ns.
Sales
.
Praall
inquiry
12:30 P.M.
-
.
Speo.&exp.
Tuesday.
/VkJov
Wettnet, Tl urid'y.
Better
In buyers' In buyers' with more Moderate
favor.
favor.
demand.
business.
5
5
5»8
5%
7,000
1,000
8,000
1,000
Dull at
8-«4 de-
Qiiict at
5
5
5i«
5'«
7,000
500
Steady.
5
5
51s
10,000
1,000
8,000
1,000
10.000
1.000
steady at
1-1)4 advance.
Future:
Market,
12:30 r.M.
5 p. M.
Quiet
but
Onlet at
a-Bl decline.
steady.
1-04 decline.
Steady.
cline.
Qntet.
Quiet.
Steady.
Easy.
Steady.
Barely
steady.
The opening, highest, lowest and closing prices of futures a
Liverpool for each day of the week are given below, Thes
prices are on the basis of Uplands, Low Middling clause, unles
otherwise stated.
tg^ The prices are given in pence and 6iths, Uius: 4 63 means
4 e3-64d.. and 5 01 means 5 l-64d.
>
1
Sat. Jan. 23.
Open Bigh Low.
d.
d.
4 60
Jan.-Feb.... 4 00
Feb.-Marcb 4 60
January
May-June...
June-Jniy.
July-Aug...
Aug.-Sept..
5 08
6 06
Open High Lou.
Ctos.
d.
d.
d.
460 4 60 4 60
4 60 460 4 60
460 4 60 460
6 03
45S
460
4 62
5 01
4 68
4 58
4 58
4'60
4 82
6 01
5 04
6 07
Oven BiQh Low.
OIdj
d.
d.
d.
4 09
4 59
4 69
4 61
4 58
4 58
4 59
4 60
4 82
5 00
6 03
5 06
5 09
468
458
4 50
Jan.-Feb.... 4 59
Feb.-March. 4 60
March-Apr. 4 61
4 63
6 02
505
6 08
483
5 02
5 05
5 08
610 510
4 69
460
4 62
5 00
5 08
6 06
6 09
Open High
d.
4 58
d.
d.
d.
468 4 59
4 53
4 58
4 60
4 82
5 00
5 03
6 08
5 09
4 63
4 58
4 69
4 62
500
Thura., Jan.
5 07
Opm\High LoK.
4 58
4 58
4 59
4 62
6 00
5 03
5 07
Wedne*., Jan. 27.
504
Tnes., Jnn. 20.
468 468
510 SIO 510 510
January
.
5 03
4 58
4 58
d.
606 6 06 6 06
BOO 509 6 09 609
511 511 611 SU
d.
April-May..
May-June...
June-July..
July-Aug...
Aug.-Bept
5 03
Mon., Jan. 23.
Clo$
March- Apr. 162 4 62 4 62 4 62
AprU-M»y.. SCO 500 6 00 5 00
Jan
MObilk— For Liverpool— Jan. 25— Bark, Neophyte, 3,684.
BAVANNAU— For Liverpool—Jan. 2t;— Bark Boroma, 2,805.
2,181
Jan. 22— Steamer Catalonia, 1,388.
BVLTtMORE- For Uverpool-Jnn. 23— Steamer Baltimore,
38
....
.
Ball...o.
Keva!, steam
*
38
....
•
c.
Amst'd'm, steam.c.
%
....
39
._.>
c.
sail
For Havre- Jan. 23— Bark /eblna Gondey, 3,579.
For Bremen, Jan. 25 -Steamer Ncwminster, 4,700.
For Trieste— Jan. 25— Bark Arnionia, 1.464.
20-etcamer
Wednet.
8ail...d,
Havre, steam.... c.
Market,
Total
burg. Ghent,
Twe«.
"t4
Jan. 15
Espanol, 2,700
Costa Riean, 4,061.... Discoverer, 3,608
per bark Lima, 2,867.. .21,528
per ship Nettie Murphv, 4,336
4,069
ToHavn-, per ship Storm King. 4,069
Robert DickenTo Bremen, per steamers Cyprus, 5,000
8,680
son, 3,6S0
2,733
lo Genoa, per barks BoritelJ, 2,250.... Louisiana, 488
4.1S9
Mobile— J Liverpool, per steamer Wandle, 4,139
3.521
Savannah- To Liverpool, per sliip Ceylin, 3.521 Upland
5,376
To Bremen, per steamer Prydain. 5,3T6 Upland
2,000
To Genoa, per liris Giro, 2,o00 Upland
1,250
ToTrlCKte, per Dark Karln, 1,250 Upland
2,106
CuAKLKSTON—To Liverpool, per liark Xema. 2,106 Upland
4,425
To Bremen, per steamer Emliletou, 4,425 Upland
1,140
To Genoa, per liark Ignazio, 1,140 Upland
per
Galveston— To Liverpool, per steamer. Duchess, 2,594
per barks August Leffler.
ship Carnarvonshire, 4,333
12,143
1.761. ...Herbert, 3,455
Ingo, 1.104
1,101
ToBienien, per narks Griqua, 918
i)er barkeotlne Diana,
To Antwerp, per bark Graue, l,'.i89
2,487
1.198
1.50
To Vtra Cruz, per steamer Harlan, 150
1,470
Wilmington-To Leghorn, Italy, per bark St. Joseph, 1,470
2,4f)0
KOBFOLK—To Liverpool, per bark Fore«t. 2 450
ToRouen, per bark James G. Bain, 2,328
2,328
ToGhent, perbark Usko, 1,684
1,684
Newport News— To Liverpool, per steamer Matthew Bedllngton, 5,810
5,810
BALTI.V011E—To Liverpool, per steamer Nossiuore, 783
783
To Bremen, per steamer W.indralim, 1.700
1,700
BOSTON- To Liverpool, per steamer Missouri, 3, 1^2
3.152
Philadelphia— To Liverpool, per steamer Lord Clive, 1,401.. 1,401
deaux.
Hon.
499
2,545
1,354
1.228
pool.
Salur.
\tS.^
Hamburg, steam.c. °i6a'i33
24,0i2 23,06411,051 12.903 367,577 333,291
GRAND Total
Below we give all nevrs received to date of disasters to vessels
carrying cotton from United States ports, &c.
Gleduoldt, steamer (Br.), from Savannah for Bremen. Two hundred
and litty bales of cotton, lying on the wharf nl Bremen, ex Bteamer
Giedholdt, caught fire on January 22. One himdred and seventy
bales were damaged by fire and 80 bales by water.
Petriana, steamer (Br.), before reported on lire at Leith while on
voyage from New Orleans to Reval.
Steamer Amethyst (Br.),
lett Leith A. M. of Jan. 10, to Keval. with 1,800 bales of cotton,
discharged from steamer Petriana. which took (ire in the docks.
Anna Horwitz, bark (Ger.) Five hundred bales of cotton, part of ttie
cargo of bark Anna Horwitz, from Savannah, Nov. 22, for Bergen,
which went ashore at Karmore, have been Siilved.
17,'203
8154
XLH.
[Vol.
5 03
6 07
'iS.
lune. (Hot
4 58
4 5S
4 68
4 59
4 62
5 00
5 03
6 08
5 09
4 59
4 59
4 60
4 82
5 01
5 01
5 07
510
Fli.,
Olot,
d
459
460
4 59
4 60
4 82
5 01
504
5 07
510
Jnn. 29.
Open High Low. CIM.
d.
d.
d.
d.
d.
4 58
459
461
481
d.
4 61
4 61
4 81
5 04
6 07
604 601
4 61
4 61
4 61
4 83
6 01
6 03
5 06
5 07
5 07
5 09
6 00
6 09
510
510
510
612 512 511
5 11
4 58
4 59
4 61
4 63
6 01
458 4 59
4 59
4 61
4 63
6 01
4 80
4 81
463
5 01
4 61
4 81
468
6 01
5 03
5 08
6 09
{
4 61
4 81
4 63
5 01
5 03
5 01
5 03
608
506
483
Jajtoary
THE CHRONICLE.
80. 1886.J
BKEADSTUFFS.
FuiOAT, P. H., January
Whtat
Ooiir o|ionrd
tlie
1886.
21),
week
quite Arm, but the check to
followed by some pressure to sell,
the advanoe in wlieat was
under which a lower range of valuts was established.
The comparative shipments of flour and grain from the sane
from Dec. 21, 1885, to January 23, 1880, inclusive, for
four rears, show as follows:
ports
Wheat
and c-orn meal ruled about steady.
Cora
wheat market the speculation in futures has been Oate
active and at times quite excited, but the regular trade has Barley
Bye
been dull and all efforts to force and maintain an advance in
prices have proved futile. There has been some reduction in
due to the iuteriuption to railroad transportation at
the West by snow storms, but they are still burdensome.
stocks,
was a sharp decline during the morning hours
under a pressure to sell, and there was no recovery at the
Wheat on the spot has been sold moderately for exhome milling at prices varying with February
port and
The
better grades of red winter
have been most in
request. Spring growths are neglected.
UAILT CLUSINU PK1CE8 OF NO. 2 BKU WINTEB WHEAT.
Sal.
iron.
Tuet.
Wed. Thun.
*Vi.
9i)''8
9159
Ol^^
feUHj
'J0\
90%
February delivery
92iu
92!^
!>l
-Ji
Marth delivery
el's
y2!<t
9414
9338
H214
94
93^
92^9
Aoril delivery
93-'>9
91^8
95-%
93>9
94'4
May delivery
945i
95^8
96»8
....
95\ 9514
June delivery
Indian corn has developed very little speculative interest,
but the export movement was fairly active, and prices were
without much change. The business in parcels on the spot
has been mainly in steamer No. 3 mixed for export at 47%@
The regular grades of yellow and
49c. in elevator and afloat.
white are scarce, but not much wanted. To-day the market
was dull and weak.
OAILT OLOSINO PBICBg OF NO, 2 MIXED COBN.
Hon. Tiie*.
Wtd.
Thurt.
Fri.
Sal.
62
50
49%
SOH
49%
In elevator
51*i
49''g
49^
49°8
50
49%
February delivery
49'a
48"8
48'9
49%
49%
48%
March delivery
48''e
,
49^4
48»«
April delivery
May deUvery
lO^
i-^'i
48»8
4338
48-8
4833
48'8
48%
48 >*
48>4
Oats have developed much speculative strength, and prices
pretty general advance not, however, without some
irregularity. The home trade has continued slow, and the
market to-day was weak.
'
DAILY CLOSING PRICES OF NO. 2 OATS.
Sal.
Mon. Tuis.
Wed. Thun.
Fr'.
show a
;
February delivery
3733
ST'^
37ia
3~^
MiircU delivery
April .iellvcry
37i-j
MaydeUvery
3738
Eye has remained
37ifl
SVU
37'4
3714
374
37»8
37"*
37^4
37>4
37»8
3738
3714
37>4
3738
37H
374
37%
Barley has met with a moderate
demand, and choice samples are held for higher prices.
quiet.
FLOOR.
»bbl. $2 25» 3 10 Southern supers
Saperflne
Spring wheat extras.
lllun. clear and stra't.
Winter8hlpp'i.'extra8.
$3 2311
Souiueru bitners' and
family brands
4 659
.,
Hye flour, superflue.. 3 309
Com mei 1—
3 009
Western, Ac
Brandy wine. *o... 3 159
2 80a
2 85 »
4 00 a
20»
Winter XX & XXX.. 4 009
Patents
4 509
City aUlpplugex
3 609
3
Buckwheat
flour,
100 lbs
GRAIN.
>$
HpnnK,per
bnsli.
f=0
BprlnfcNo. 2
Bed winter. No. 2
91
3 15
....
185® 200
We first give the receipts at Western
Oat;
/huA.aO U»^Bufh.5d
CMOSKO
49,021
Iftllwankee
.
Toledo
68.244]
613.562
55.750
8.1,T27
17,280
70,188
4,M8
2.W3
29.301
..
4.217
39,000
....
0,101
68,891
3,600
ll>Mroit
Otoreland.
Peoria.
730
......
60,142
43.900
318.810
138,960
0!).77l
SarUv.
BMhMlbi
38<,818
43,380
3,109
304,136
13,538
169,305
8,000
2,980
82.520
18.000
80,470
6,500
14.512
116.273
108,200
Same wk.
Same wk.
'i-S
»l
Sinct /lilt 26
1IJS5JW
1864-85
1»S81.
..
239,331
978,122
194,223
12,318,184
11,204,272
12.293.274
72t,6U
1884.
Jan. 26.
150,168
Jan. 27.
101,987
217,451
701,622
487,30*
222,967
13,279
443,875
1,449,196
586,148
93,459
15,054
272,455
1,353,723
682,230
153,344
46,945
247,497
1,101,440
309,263
104,419
20,8»«
1,617,623
2,587.523
2,508,697
1,786.475
baeh.
Oata
Barley
Bye
Week
ending—
Wheat,
bush.
217,451
233,071
Flour,
bbls.
Tot.,
4w.
4w'k8'85.
183,i79
160,524
794.325
590,276
850,815 1,462,166
The receipts of
week ended Jan.
flour
Richmond
Newport News.
New Orleans...
week
The
'85..
Rye,
buth.
18,279
17,286
24,753
35.976
4,150,168 2,209,033
6,352,428 2,143,635
887,881
448,492
06,294
140.934
Oati,
Com,
bush.
246,526
Oats,
bush.
24,700
12,600
24,000
10,508
3,245
bush.
319.601)
308,400
109,879
79,655
1,123
9,060
Total week... 163,353
Cor.
Barley,
bush.
22i,967
203,338
231.670
229,900
41,840
4,035
13,562
28,910
1,472
Baltimore
bituK.
487,304
358,069
585,180
778,480
Wheal,
bbla.
Philadelphia...
bush.
701,622
411,577
1,280,567
1,726,402
and grain at the seaboard ports for the
74,174
32,200
Boston
Portland
Montreal
for last four
23, 1886, follow:
Flour,
AtNew York
Corn,
Week
Week
The rail and lake shipments from same ports
weeks were:
Jau.23,'88 147,629
Jan.l6,M6 115,771
Jan. 9,'86 13K.998
Jan. 2,'86 189,878
1883.
Week
Jan. 24.
138,918
_..
Total
1885,
Week
Barley,
bush,
butk.
1,200
70,000
75,550
600
4,500
7,800
i;io6
47,000 54,600
6,061
1,757
116,600
363,047
2,851
96,223
180,410
930
1,200
4,900
38,000
530,071126,300
118,016 1.451.085
691,932 2,198,105
'8,230
10,410
499,811 133,365
same ports for the period from Dec
Jan. 33, 1886, compare aa follows for four years:
total receipts at the
21, 1885, to
1885-S6.
1884-8.5.
bbls.
916,203
1,202,672
bneh.
607,979
9.191.351
2.326,997
719.073
47,748
3.098,118
9,083,638
2.109.333
Total grain.... 12,833,143
14,947,352
Wheat
Bye
The exports from
Exports
from—
New York
Boston. ..
Portland.
Montreal.
Baltlm're
1882-83.
1,038,983
1.710.103
3,805,383
1,313.652
361,150
165,112
5,011.C14
6,658,613
2,182,003
shown
Wheat.
Corn.
Bush.
276.404
26.516
24,700
Bush.
302,623
77.586
79,055
93,271
33,000
456,315
260,310
..
11,270,581
7,615,403
in the
week
Flour.
Bbls.
53.393
24,262
annexed statement:
Oats.
Bush.
2,710
47.239
Rye.
Peat.
Bush.
Buih.
871
......
19,538
...
1,620
2,500
••»*•
584
300
420,891 1,209,489
82,339
60,249
1,535,677 1,638,894
233,808
2,602
N. Orl'ns.
346.977
71,774
the several seaboard ports for the
33, 1886, are
Phlladel..
573,132
80,13 1
1883-S4.
1,070.915
>>'•*•
Rlchm'd
Total w'k.
20,429
S'me time
1883.
The
..
22,734
44,372
We
add tho
destination of these exports is as below.
last year for comparison.
con^sponding period of
Wneat.
Flour.
Com.
Xxportt
torveek
to-
1885.
Week.
Jan. 24.
1886.
Week,
Jan. 23.
1886.
Week,
Jan. 23.
1885.
Week.
Jan. 24.
1886.
Week.
Jan. 23.
1885.
Week,
Jan. 24.
2,585
Bbls.
Un.Klng.
3,600
7.700
8.300
531,423
454,108
88JJ83
48,653
118,416
'
Tot.wt'88
170,185-
Jan. 23.
147,629
.bbla.
Wheat
Corn
Rye.
A.48UX
U,<
1.645,079
6,688,695
2,787,163
shipments from Western lake and river
rail
Floor. ._......
ending Jan,
9 97
fTour.
1,800,130
5.933,629
2,507,568
1886.
5 25
3 55
lake and river ports, arranged so as to present the comparamovement for the week ending Jan, 23, 1886, and since
July 20 for each of the last three years:
SWdytj ot-
1,794,777
7,320.058
2,452,339
5S1,125
ports for four years:
Oats....
Barley.
tive
Dnluth
Below are the
Cora...
9
91 9
75 9
85 9
45 9
4g%»
47 9
47 a
50 9
47 9
York Produce Exchange.
IK.Lonia
9,837,179
Total grain....
3 50
63 9 64
Kye—Western
State and Canada... 66 9 67
92
36 9 3914
Oats—Mixed
92
39 • 44
White
37''8» 39
Eed winter
9u
No.2lBlx6d
White
40'4» 41%
94
No. 2 white
Com—West. mlz«d
51
Barley-No. 1 Canada. 1 0091 05
West. mix. No. 2.
83 ® 84
51
No. 2 Canada
West, white, new.
51
State, two-rowed
69 9 71
West, yellow, new
51
State, six-rowed
73 9 85
White Southern..
55
51 9 53
Buckwheat
Yellow Southern.
51
The movement of breadstufts to market is indicated in the
statements below, prepared by us from the figures of the New
Wheat-
l,028,5ill
4.923.101
2,750,933
1,118,979
12^,008
Floor
The following are the closing quotations:
Fine
1882-83.
816,173
914,158
bush.
there
optioDS.
1888-84.
720,712
In the
cloae.
1884-39.
1,056,014
1885-86.
bbU.
rioor
Uye
flour
Today
103
125,716
l«7.r«)
446,310
1.28H.843
1.34U.I4:i
2.038,287
690,098
761,982
143,879
653.737
2,312,728
919,359
282,725
75.483
4,288,117
5,5il.l52
43.111.536
r?,08«,3«S
47.207,088
47.030.317
32^349.068
13.887.158
8,128,0S8
32.735.54S
lI,1.12.0e.S
3,46I.«aK
3,013,»69
54,217,8351 BO.731.765
.)5.119.«j5
12,58S.88«
5..'>38,I41
Bblt.
42,463
201,372
Contln'nt
1,.594
B.AC.Ain
1,188
20,683
14,978
Brit, core
11,189
22,411
4,098
Oth.o'u'ts
2
W. Indies
Total...
82,359
275
312
238,808
Bush.
Bush.
212,024 1,247,116
208,867 280,812
7.739
Busk.
Buth.
742,313 1,8«0,»42
457,778 246,109
91,289
1,673
7.586
«0O
140
*
420,891 1,335,667 1,209,489 1,638,59*
By adding this week's movement to our previoas totals wa
have the following statement of exports tfaJs season and last
season:
THE CHRONK^LE.
164
1885.^.
MmporU to- 4uj.
18t4.85.
Autism
Jan.
Jan. 24.
23.
Aug. 25
to
Aun. 23 to Aut. 25 tn
Jan. M.
Jan. 23
BmK
Buslx.
B6U.
BM>.
to
Jan. 24.
23.
18S4-85.
1885-88.
1884-85.
1885-86.
24 to Aug. 25 to
Jan.
Cm
W)teaU
naur.
Btuh.
on Klncaom
1,789,729
2,638,180
5,467,699
14,403,331
15.046,535
9,823,576
58,136
356.534
225.100
345.655
2,810.927
13.690.622
5.958,038
2,464,176
Oontloent
8.*C.Ain...
2.708
43,194
West
397,089
295.126
12,763
889,181
4,107
521,597
160,210
146
768,290
151.484
50,3U9
18,278
26.233
59,881
"2,909,368
3,896,491
28.155,571
22,000,KS8
13,071,232
.
.
Indlet.
Brit. Col'nles
Oth. oonntr'B
ToUl
25
308,321
16,32
14,104
8,301,781
41,783
m
granary
The visible supply of grain, comprising the stocKs
seaboard
and
lake
at
accumulation
At the principal points of
and in
ports,
by
transit
rail
Wheat,
In store a<—
Hew York
Do
bttsh,
8,480,875
968,000
afloat
500
Albany
BuSMo
Do afloat
3,572,159
afloat
Newport News...
Ullwaukee
Do
afloat
Dnlntli
Do
afloat
Toledo
Detroit
3,721,775
90,500
5,442,050
124,521
2,197,547
2,207,726
Oswego...
246,000
Louis
Cincinnati
2,339,822
135,000
Bt.
245,810
326,238
519,807
877,427
Boston
Toronto
Montreal
PhUadelpbla
Peoria
2,453
147,800
835,590
1,125,510
5,957,485
1,172,000
Indianapolis
KuDsasCitr
Baltimore
Minneapolis
St. Paul
Down Miss
Onrail
Tot.
Tot.
Tot.
Tot.
Tot.
*
Jan.
Jan.
Jan.
Jan.
Jan.
23,
16.
24,
26,
27.
33, 1886
bush.
bu>h.
96a,97o
61,900
28,725
139,169
662,879
2,522,050
199.979
141,827
:
56,aOO
5,975
152,448
265,000
68,500
248,290
117,725
99,600
17,500
27,581
275,116
i56;6i:'i
320,811
128,'4i'6
11,727
92,910
284,700
34,746
53,600
73,406
859,908
201,034
17,000
301,298
1,984
90,622
136,562
82,201
76,600
41,916
2,699
1,887,707
756,122
i',718
'86. 55,969.744 8,555,812
'86. 57,108,286 7,07«,606
'85* 42,576,703 5,411,163
'84* 33,948,813 11,574,748
'83* 21,909,118 9,550,497
Minneapolis and
St.
3,896
38,322
26,648
28,872
130,000
998,722
6,000
108,160
Xye,
bush.
Barley,
bush.
532,207
14,561,032
47,000
Chicago
Do
and water, Jan.
Oatt,
Com,
48,102
1,900
5,999
6,270
131,396
8,710
Paul not included.
M., January 29, 1886.
done in staple cotton and woolen goods,
close
tics,
prints,
ginghams, white goods, hosiery, notions, &c.,
having been made in package
lots
by the principal jobbers,
while very fair orders for small parcels of spring and summer
goods were received through the medium of traveling sales-
(for future delivery)
—
wool dress goods, also worsted dress fabrics, continued active,
and there was a steady business in cloakings, Jersey cloths
and carpets at unchanged prices.
FOEEION Dey Goods were in fair demand at first hands,
but no real activity in this department is expected until retailers have completed taking account of stock. Silks were in
moderate request and firm, but velvets were unsettled and
in buyers' favor. Dress goods were fairly active in some quarters, and there was a steady movement in linen goods, men'swear worsteds, embroideries, hosiery and fabric gloves, though
purchases averaged light.
Importations of Dry Goods.
of dry goods at this port for the week
ending Jan. 28, 1886, and since Jan, 1, and the same facts for
the corresponding periods are as follows:
The importations
5
1
si
f
i;
a
-1
8:
Si
:
:
:
:
:
;
i
:
:
.
1
:
s
1^
)->
§:
s
(B
>
^
;;;s
i
;
?
i
to Oi
^1 -q Cn
*-•
b»coVw
OOOICOW
0>^ <l ^ ^] CO CO
men. Western jobbers are in excellent spirits and anticipate
a good spring business, but Southern buyers are proceeding 00 10 »0 to
somewhat cautiously because of the relatively low prices
uiaD>->oiio to C ^ CO
obtainable for the products of the South. Prices remain very
firm, and such changes in quotations as have occurred dur00
osto
ing the week under review were all in an upward direction,
MtO^OO
03 CD
en
as will be seen by the detailed review below:
'»^<^aocooa
o
to
to
Domestic Cotton Goods.— The exports of cotton goods for OS ©OS 00
^ Oi OJ
CO »
the week ending January 26 were 4,725 packages, of which
p <io: cncoH'Coco
8,425 were shipped to Great Britain, 484 to Brazil, 250 to Hayti,
n moi tOOtOCOQD
29 to Santo Domingo, 110 to Venezuela, 108 to U, S. of Col- ^ 00 CO
»9
10
ombia, &c. There was a fair but somewhat irregular demand
*.OiO'OW
o
for staple cotton goods at first hands, and a moderately good
P? QOCOQOtO^
^ w vt to
to
OK
package business was done by leading jobbers. The tone of 00 OltO MtOMMM
the market has shown decided improvement, and prices have
stiffened along the whole line, owing to the relatively small
CO
to
MM MM
stocks on jiand, and the increased cost of labor in the manu- -q
^itnOicocn
vo
-IQOMMO
(003
hO
facturing districts. Low-grade brown and bleached goods
were in some cases advanced early in the week, in sympathy CO <IM
with printing cloths, and later on such popular makes of
M^ XI poo
bleached cottons as Lonsdale, Fruit-of-the-Loom, Hope, An- p
CPOS "tOOiCOOOi
00 3; O'lox
droecoggift L., &c., were marked up about )<c. per yard
CO^ OL-OCDCOM
by
tM>
g:
,
c?<to
iF>>
QCCi
CO
ojc;i
to
r-
^^
gt
oscn
CS3L
M
OS
coco
*4
Ip-
CJOO
;
:
I
<
CDOitOCflCO
lEk «-• rfk
CO
»fr-
M-^JOCJilO
ODOOMrfk©
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o
(^
Uannfaotni
•
•
o
:
...
Si
•
a
n
w
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-^
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!
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o o
K 03
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oto
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n
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y^t-*
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CO&Q
H- to
rf* !*>'
CO
MMM'OCO
? 31
"
;?
JTft.
1"
si
ClCOCOt^ri^
10
!£
<]^coau
o "cOCMM^g
1
x Ci
^
^1
n
u
CO
o
<1^
V*
coco
to
00
00
to
o
eo.t>.MACO
1
to
M a 00 to
to
C0)*>-
to a:
OM
C3*-J
ceo
«O00M«--|(».
MM
^<|:DtOiCMOXt^CO
c;i
o
«f-
1^
fs*
-goo OS to**
3
Ul
QD
to
u
m
K
05
o
ii
QO
cn
SI
-nI*.CC10M
CCJ:.»*x:OS
at CO
a
H
y^r^^
ffl
lfrO<lQ0(0.
tf».tc(XO'cn
»
r
10
Orf^
a
0.
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ov
00
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a
QD
03 O'
CO
e o
g
k
C
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n
H
s
iiii!^
:
>
tOM
ctos
5
9t
Wool
3\
o
m
Cotton
Oi
-a u< OS
u
m M
a;
811k
•ill
9i
-JCOtOO'^J
OStOWM*-
1«
i
>-
«»
as
iocoosc;ia
S"
C«
^ *. *k CO
s
QOS-
MOOXt^-Ol
M
M
05
Ol
CO
00
tOM
lOM
i»p
*i.tO
"co
wos
cc
00
ytco
coco
M00O«c;iO
CO
<»to
(f^M
<I*-
Ow
Oslo CO
<H(>^VfOt^
10
QD
CO
Ol
to
OtCSC0O<»
1 1
-J
MIOMM
M
CiOMOO^
MCowocn
If^
en
ODp
pa»ootop
00
O
cnCJ'
"i-CnCOyibi
OiCO
COCO
00 CD to
OS
ffi
)f^
:
00
'T\
n
2
^:
!
Flax
Ulsoellaneo
S
1
a
aowooiM.*4
t)' cft
:
B
»-•
f.d.
b: §
S
o
to
to
^1
1
1
I
0: to
sE
mi
:
OIM
a
-J
a ao
to
E
Imti
i
^i
There was a further increase of activity in the
jobbing branches of the trade, a large distribution of domes-
—Agents continued to make fair
by the clothing trade, at a
upon last year's prices the advance
being more marked on the lower grades than on the finer
qualities.
Oyercoatings continued in fair request, and leading
makes are firmly held at the late advance, stocks being well
in hand as a rule. Satinets were fairly active and quite firm,
and there was a slightly improved call for Kentucky jeans
and doeskins by package buyers. Flannels and blankets were
only in moderate demand, but prices remain steady. Soft
•a
which developed a strong upward tendency towards the
Goods.
light-weight clothing woolens on account of
former orders, but new business in this connection was comparatively small. There was a good deal of inquiry for heavy
cassimeres, etc, at old prices, and some fair salts of "carried
over" goods were made by agents. Several new lines of heavy
worsteds, all-wool and cotton-warp cassimeres, etc., have been
opened by the commission houses, and a good many orders
77
36
5,482
some extent by reports of snow blockades,
and consequent interruptions to travel and transportation.
The demand by package buyers was chiefly for patterned
fabrics adapted to the coming season, but a moderately good
of the week.
Woolen
Domestic
deliveries of
considerable advance
try were retarded to
also
cotton hosiery and spring underwear.
were placed
on the part of jobbers from certain sections of the coun-
was
now taken "at value" only. Wide prints, dress ginghams,
seersuckers and cotton wash fabrics were severally in good
demand, and there was a liberal movement in white goods,
are
9,640
12,338
50,000
The past week has witnessed a very fair movement in most
descriptions of dry goods from first hands, although opera-
business
and low-grade fancies were effected by agents. Prices of
printed calicoes are very firm, owing to the sharp advance in
print cloths, and orders for leading makes of shirting prints
12,948
3,837
THE DRY GOODS TRADE.
tions
the mill agents. Certain makes of denims, tickings, &c., have
also appreciated, and altogether the market has a strong
undertone. Print cloths were in moderate demand and dearer,
extra 64x643 having advanced to SJgC, with transactions at
these figures, while 56x60s were nominal at 2.%@2 15-1 6c,
Prints were in irregular demand, [standard fabrics having
been relatively quiet, while some large sales of indigo-blues
431,400
124,175
93,000
e8,634
203,196
7,677
2.751,126 2,032,067 756,369
60,15^
2,292,193 2,06«,H82
2,281,443 1,725,305 506,159
,5,773,445 2,883,515 2,641,273
3,985,195 2,303,521 1,506,689
New York, Friday, P.
[Vol. XLII.
OS
C^OlQOtOM
rf*-
00
tooswtooo
CO
rf***W*.<I
S"
.S
00
03
THE CHRONICLR
so, 1886.]
JaiTOABT
'^vnBt ^oinyanieg.
aud Surpiu^
Capital
Thin oonipiuijr
into oi.urt.
$6,000,000
ftloRal deixxltorjr for luniipyii paid
1»
Is
1111(1
- -
-
Bulborlied to aoi as guardian or
'""IStKKKST allowed on UKPOSITS,
whi.l. iiiiiv !„ iii.nliiHtaiiytlniP, and withdrawn after
II.
,,,
I
,
Hill bu entitled to Inicii'st for
Miny rriualii with thinMniluiny.
<tr trustees ot ^-states,
The Brooklyn Trust Co.
Imperial Bank of Canada.
Brooklyn, N. y.
This Company is authoHsed by special charter U>
executor or adguardian,
reoelTer,
act as
trustee,
CAPITAL
Cor. of
Montague * Clinton
..
,
'
?';
,iV!^
,
^
wilMAM
M aiv,
II
Vkt-l'rosident.
JAMBS S. CLAltK. Second Vlce-Pre»'t
H
Dan
TlirSTKES:
W. I'heliix.
its.,
n)lnl8trat<ir.
It can act as
,
^
agent In Ihn sale or mnnogeroent of
real estate, eolleet Interest or dividends, receive
registry and transfer tio.,l(s.<.r nuilie imrrhnso and
suJo of Govoriiiiient ari.l
"ns
Religious aiKl .hailii
*''lll
unuceustomed to the
-— -itorT
flud this Company a sal.
RIIM.KY lunK.s. I'lesulent,
formonuy.
EDMi;.M> w. CdKMKS,
i-intfiTt*.
ncM. an well
will and till.money.
(Cann&i^n S^tilievB.
(^ampunitB,
StrtiBt
United States Trust Co.
OF VKW TtlFK.
No, 49 WALL STHKET.
yi
(paid op),
HIJHPLIJM,
a. B. IKIWLAND, Preit.
Wm.
llaylls
JA8. Ross CDttllAN. Secretary.
w'lTj
Wmm.
.11
II
11.
t!.'
An»on I". Stokes,
llubtB. Minturn,
Jobn J. A»ti>r.
John A. Stewart, (ico H. Warren,
iS. .M. BnckVhani (ieo. Bliss,
Bill,
I
luint,
Macy.
Minj..
i
1^
I'llntun Ollbort.
Agents
in
Samuel
.Sloan,
James Low,
HKNKV
LOUIS
W.Bay'rdCuttlnK
U. cliltli'iHlen,
's.
C'lias. S.
Smith.
THOKNKLL. Secretary.
HAMPTON, Assistant Secretary
L.
O.
Union Trust Company
OF NEW^ ¥OBK.
78 Broadway, cor. Rector St., N. Y.
CAPlT.VIi,
-
.
.
-
-
-
-
fl, 000,000
SlKPLl'S,
-
.
-
-
-
-
-
$2,000,000
Auihoriied to act as Kxecutor, Administrator,
Guardian, Kecelver, or Trustee, and is
A LKGAl. DEPOSITORY FOB MONEY
Accepts the transfer agency and registry of stocks,
and acts as I'rustee of mortg ges of corporations.
Allows Interest on deposits, which may be made «t
anytime. ..nd withdrawn on five days' notice, with
Interest for the whole lime they remain with the
company.
For the convenience of depositors this company
also opens current accounts subject. In accordance
with Its rules, to clieck at sight, aud allows interest
up n the resulting dally balances. Such checks pass
through the Clearing House.
AMERICAN
FINANCE COMP'Y,
YOKK.
Jame* M. MeT^ean,
Whitewrlght.
AojbroBeC. KinK»IaQd,
Henry A. Kent,
James H.
B.T. Wilson,
Wm.
Krcptbingham,
George A. JarvU.
C. Vanderbilt,
A. A. JjOW,
G. G. WiliiHms.
11. G. Kemsen,
J. B. Johnston,
Wood.
James N. Piatt,
1. 11.
C. D.
D. C. Uays.I
Korsyth,
ifnuico j'<jic"jn»,
James
George Cabot ward,
Kdward King,
E. B.
OKilvie,
S. T. Kuit child.
F. Hussell,
Wesley,
Kdward
P. H. Mc/*lpin,
Georse B. ( arhart,
Uenry Stokes,
^chell,
Amasa J.
Parker,
Samuel F. Barger,
Robert Lenox Kennedy,
EXECUTIVE COMMITTEE:
Wm. Whitewrlght,
M McLean,
George Cabo*, Ward,
J. B.
Johnston,
EDWARD
JOHN 0. SHORT
FRANCIS A. WHITE
JAMBS 8. NBOLBY
THMO. B. TALBOT
C D. Wood,
H
D. C.
ys.
KINO, President,
JAMES M. MCLEAN, First Vlce-Pres't,
JAMES U.OGILVIB. Second Vlce-Pres't.
A. O. R0NALD80N, Secretary.
The Union Trust
AND
613
gd Vice-President
3d Vice-President
WM.P. WATSON
Seo'y and Treas.
4ntliorlzed Capital Stock, $1,000,000.
600,000,
Paid In
SOUND INVESTMENT BONDS furnished to
pal
DEFAULTED BONDS of States, Municipalities
ind Railroad Companies negotiated or collected.
TIME LOANS made on United States
CALL
Bonds and good Municipal and Railroad Bonds.
AND
other corporations. Will also conduct the reorganisation of railroad companies and other corporations
whose bonds are in defaalt.'or whose property Is to
the hands of Receivers or Trustees.
BAILBOAD LOANS negotiated.
AGENUY OF THE
Bank
Of
British
Bonds of Snretysliip
The Onarantee
Sterling Exchange and Cable Transfers. Issue demand drafis on Scotland and Ireland,
also on Canada, British Columbia, San Francisco and
C'hicago.
issued in Pounds Sterling
available in all parts of the world.
CKEI)IT?« ISi!!ilIEI> for use in fcurope,
China, .lapan and the Fast »nd West Indies. Also,
in name of
Jt BKAZII,IA>
LiMiiKD, available in the Urazi's. River Plate. Ac.
Bills collected and other banking business transI). A. MtTAVISH, { .--_t.
acted.
Agents.
Co.,
CHESTNUT STREET,
PHILADELPHIA.
»1.000,000
Anthortied Capital
e>00,000
Paid-up Capital
Acts as Executor, Administrator, Assignee, etc.,
and executes trusts of every description known to
the law.
AU trust assets kept separate from those of the
Company.
Barglar-Proof Safes to rent at $5 to $60 per annum.
Wills kept in Vaults without charge.
Bonds, Stocks and other valuables taken usder
gnarantoe.
Paintings, Statuary, Bronzes, etc., kept in FireProof Vaults
Money received on deposit at interest.
JA8. LONG. Pres't. JOHN G. READING, V.-Pre»'t
MAHLON 8. STOKES, Treasurer* Secretary,
D. R. PA1 TBHSON, rust Officer.
DiHEcTOHS.— Jttme* Long, Alfred S. Glllett, Joseph
Wright, Dr. Charles P. Turner, William S. Price.
John T. Miuroe, W. J. Nead, Thomas R. Patton.John
G Reading, Wm. II. Lucas, D. Hayes Aguew, M. D.,
Jos. I. Keefe, Robert Patterson, Theod.)r C. Engel,
Jacob Naylor. Thos. G. Hood, Kdward L. Perkins,
Philadelphia; Ssmuel I'.iddle. Glk.v Hidple, Pa;
Dr. (ieorge W. Reily, IlAnuisuUHii, Pa-: J. Simpson
Africa. HlnTINGDO.N; Henry S. Eckert, R£A1>I.N'G;
Edmunds. Doty, .viifflintowkj W. H. H. Davis,
DuYLESTOwx; U. E. Monaghaa, WEST CHSBTEH;
Chas. W. Cooper. Allimtowm.
1
sell
CIKCCLAR KOTES
ft
OF CANADA.
Capital,
(1,375,000
ANDREW ALLAN, Esq.
ROBERT ANDERSON,
HE.AD OFFICE, inONTREAL.
Pretident.
vioa-President,
Mills Buildlni?.
35 Wall
New York
$1,000,000.
St..
PAID UP CAPITAL,
Designated as a legal Dept.sltory by order of Supreme Court. Receive deposits of money on interest.
act OS fiscal or transfer sgent, or trustee for corporattotu.&nd accept and execute any legal trusts from
persons or corporations on as favorable terms as
other similar companies.
HILLHOUSE, President.
THOMAS
FREDERIC D.TAPPEN. Vice-President,
WALTER J. BRITTIN, Secretary.
Esq.
GKOUGK HAGUE, General Manager.
J. u. PLUMMER, Assistant General Manager
BANKERS:
LONDON, BNQ.—The Clydesdale Bank (Limited.)
MEW YORK— The Bank of New York. N.B.A.
The New York Agency buys and sells Sterling Exchange, Cable Transfers. Issues credits available In
parts of the world, mak.'s collections in Canada
and elsewhere, and Issues drafts payable at any of
the offices .if the bank In Canada. Every description
of foreign banking business undertaken.
New YorlL Aeeucjr, No.
01 VTalJ Street.
HENRVHAQUK,
JOHN
B.
HARRIS.
I
JB..
1
..--t,
*««""•
Bank of Montreal.
OAPITAIj,
-
BUKPLVS,
•
0. F.
«ia,000,000, Gold
$6,000,000, Sold
8MITH£RS,
W.J.
President.
BUCHANAN, eeneral Manager.
NEW YORK OFFIOB,
& 61 W^ALL STREET.
Stu. 69
A.L.
A
CAS1JAI..TT CO.,
BROADWAY, NEW YORK.
1250.000. Invested in U. S. Gov't Bonds.
taOO.OOO deposited with the N. Y. Isn. Dep't, for
Cash Capital,
the protection of Policy-holders.
Assets, January 1st, loS5, t6V4,vrM 11.
Officials of Banks, liailroads and Uxpress Companies, Managers.Secretaries,and Clerks of Public Companies, Institutions and f'ommerclal Orms, can obtain
BONDS OF SIJRETYSHIP
from this Company at moderate charges.
The bonds of this Company are accepted by
t'le
Albi'bLakq,
.vaUable In any part ( f tt e world; Issne drans or
and make eolleotlons In, Chloagoandthroiighoatthc
O
imlnlon of Canada
London
Policies Issued against accidents causing death oi
totally disabling Injuries.
Full Information as to details, rates, &o., can be
obtained at head office, or of Company's Agents.
Chans, Sec'y
WM. M. RiCHAU. 8, Prest. Jobn
HOB'T J. HiLi.AS, Ass't Secretary.
Office,
No. 32 Abetanrcb Laor.
Gzowski
&
Buchan,
STOCK AND EXCHANGE BROKERS,
TORONTO, CANADA.
courts of the various States
CASUALTY DEPARTmENT.
{AKents.
Itvtj and sell Sterling Exchange, Pranos and Cable
T ansfers; grant Commercial and Travelers' Credits
Stocks and Bonds, Sterling Exchange, Drafts on
.New Vork, bought and sold at CURRENT PRICES.
collkc'Uo.vs .made.
M
DIRECTORS:
David Dows.
W. Q. Low,
A. S. Barnes,
Charles Dennis,
Alex. Mitchell,
J.8.T. Stranahan.H. A. Hurlbut,
J.D. Vermilye, 8. B. Chittenden.
A. B.Hull.
Wm. M. Richards.
Geo. S. Coe.
Geo.T. Hone
a. Q. Williams,
Brewster,
WILLIAM
C.
COBNWKLL,
Bank of
Buffalo,
$300,000
BUFFALO,
N. Y.
This bank has superior faollltle* for n >\lng coUe»
dons on all accessible points In tbe D Ited States,
Liberal terms extended to
Canada and Europe.
socoiuits of bankers and merchants.
OOBBBgPOirDBNTg.— New York, NatlMal Bhoe A
Leather Bank; Union Bank of LomScn.
Estabrook,
BANKERS,
Cashier.
CAPITA!.,
Cobb
&
SHiBMANS.Jiwirrr.Pi'ee. JosiAHJiwrrr, V.Prei
Metropolitan Trust Co.,
$5,725,000 Paid Up.
-
OFFICE:
Secretary.
DiRBCTOKS—Joseph W. Dreiel,
218
J
Merchants' Bank
BnOADWAY.
Hopkins, H. Victor Newcomo, John Paton. tianlfl
ToiTRnee. Rdw F. winslow, Krasttts Wlman, F, P.
Olcottand J. B. Pulsford.
Nos 214
8TIKEMAN.
U.
TOMPKINS,
FIDEL.ITT
BAMK
LONDON
:
NIWYOKK
CnMMEK-
ClAL
Co.
C»sh Capital
^2??-22
Assets and Resources
m^'T^t^
kiO.tlX)
Deposit with insurance Department
Vice-President
President
Hon. Jas. Firbikb.
Bib ALEX. T. Galt.
Managing Director EDifAiU) Ra WLINOS.
D. J.
WALL STREET.
No. 52
Buy and
OTHER BUSINESS.
NEW YORK
North America,
all
Clroalars on application.
NO
York*
» W.U Btreet.
Reserve,
Bonds, Railroad Bonds, bought and sold.
Nbw
bIS'k""!? MoNTKiil,
I
Promptest attention pttld to ooUeetloiu payable la
1/ part of Canada.
Approved OanadUn boslneis paper dlaenuited at
the Head OlDce on reasonable terms, aid pfoosids
rem tted by draft < d New York.
Sav-
ings Banks, Insoranoe Companies, Executors and
Trustees of Estates, and individual Investors.
UNITED STATES BONDS. State Bonds, Munici-
NO. Ill
eil
President
1st Vice-President
Cashier
a
OF NORTH AMERICA,
«. G. Williams,
E. B. Wesley,
James
BROADWAY, NEW
FINANCIAL AGENCY for railroad companies and
TRUSTEES:
Affuniji in
1
:
"TCmba'rdVrwtr'*
^itiaticial Com^rauljCB.
96
Wm.
London
•-iid'St-S BSSL'liSltSd-
,,„„,.,,n„e vvilllara Ltbboy,
Isaac N I'lielps. iJohn C. Hrown,
ErasinsCdriiliig. Kdward Cooper,
Daniel D. Lord,
WILKin.
SKANOHMS:
ThnniiulSlloeonib, D. Willis JiinicsJ
Charles K.
D. R.
91,S00,000
»480,000
.
[John H.Rhoados.
Arnold. |W.
-
Catharines, Port r'olborne. Rt. Thomas. Ingenoll
Welland, Fergus. Woodstock. WInnlpes, Mar,,
Brandon, Man., Essex t'entre, Ont.
Oeklers in American Onrrenoy * Sterling Kxnh an ge.
H
Vlce-Pres't.
Ahram B
B. Kendall.H. E. Pierrepont
-
HEAD OFFICE, TOBONTO.
Till S'I'KKS:
JoeiahO. Low,
E. F. Kii..wlton, Henry K Wioldon,
Alex. M. White, John T .Martin. C. D.W0..1I.
Fred. Cromwell, Henry Sanger,
A. A. Low,
John P. Itolfe, » m. II. Mule,
Alex. McCuc.
lllpley Ropes,
MIcb.Cbauneey, E w. Corlles,
•
..-...•
No.
S6
CONGRESS STREET,
BOSTON.
MEMBERS OF THE NEW YORK AHD
BOSTON STOCK EXCHANGES,
ALSO.
Doalere In ninnlclpal, Stmte, Railroad
and VnltaA State* Bonds.
THE CHRONICLE.
Tiii
^anfhtvn
Chabus h. Shkldos
BmSJAUa A. JAOKSOH, WThLUM BINNIY, JB.
Joshua WHiBOUb,
Jb.
LorowiCK J. HIU.,
E. 8.
MxcMicntians,
gawfeet^s.
mcCandlesb. A. w. hiu.
Cashier.
President.
Vioe-Prest,
THB
Wilbour, Jackson & Co., Gate City National Bank
BANKBBB AND BROKERB.
Designated Bepoiitory of the XTnited Stale*.
PROVIDENCE, R. I.
DMiera la Commerolsl Paper, OOTemmsnt 'ano
other flrst-olau Bonds and BeonrlUea and Foreigr
Bz change.
Private Telexraph Wire to New Turk and Boston
Samuel G. Studley,
COMMISSION STOCK BBOKEB,
No. 4 EzehanKe Place, Boom No.
Capital
Blackwill, Pres't.
T.
DCRHAIH,
AND BROKBBB,
Street,
PORTI4 4ND, MAINE.
'gMl^x&tXvUin, ^atiliera.
N.
A YEAR BOOK
C,
OF
Collections
terms
;
made on
Southern points on best
all
prompt returns.
JOHN
P.
BRANCH,
President.
Fred. B. Scott, VIce-Pres't
Cash.
FINANCIAL INFORMATION
CONTENT Sl
Retrospect of 1885.
mercantile Failures.
Banking and FinancialUnited States— National Bank Fif^ures and
CuiTeitcy Movements.
CO.,
&,
New York Citv— Bank Returns,
BANKERS AND COMMISSION MERCHANTS,
CHESTNUT STEEET,
PHII.ADEI.PHIA.
Circulars and information on funding the debts
of Virginia and North Carolina free of cost; oneeighth per cent charged for funding. Southern Railroad and State and City Bonds bought and sold.
CommercialUnited States— Forelpi Commerce, Trade
Balance, tl. 8. Exports and Imports of
Leading Articles. Loudon— Kevlew ol
year.
Members of the Philadelphia and New York Stock
Exchanges.
'WiesUxxx MixxxUcxs.
Exchange and Letters of
Jos.
M. Shoemaker & Co.
BANKERS AND
Co.,
and Prices of Call Loans and
Commercial Paper since lS7i.
Infiuenceft,
PHIL,A DELPHI A.
Gold and SilverProduction, Consumption, Exports and Imports of (iolil and Silver in the United
States and abroad.
BANKERS,
No. 137
SUPERIOR STREET,
Transact a
IN TOWN,
urenera'
Foreign Exchange
Market aud Prices
CLEVELAND, OHIO.
SS'OCK BROKERS,
SOVTB THIRD STREET,
No. 184
&
Lamprecht Bros.
BOBIBT M. JANHKT,
BHOIMAKIB.
banking business, and
COUNTV AND CITY
DKAL
BONr)S. I^ists
and prices furnished on application. Write us if you
wish to buy or eell. Refer, by permiBsion, to Society
for Savings, Savings & Trust Co. and National Banks
Wilson, Colston
&
Co.,
BANKERS AND BROKERS,
Members
115
llT IHonroe
(Montauk Block)
Adjoining First National Bank Building,
dc
BALTIMORE.
and
SOUTHERN
and Information
fur-
nlsned.
N. T.
Comnpondente— MoKlm Brothers * Co.
Robert Garrett
No.
7
&
Ilili.
>
peolalty.
Correapondenoe •oUolted
St.,
CHICAGO,
SBCURlTIBfe
Co.,
INVESTMENT BANKERS,
of Baltimore Stock Exchange.
INVESTMENT
&
N. W. Harris
City and County Bonds, and Investment Securities
of a high grade a specialty.
Correspondence
Sons,
BANKERS,
80I7TH STREET,
BALTIMORE,
TBANBACT A OBNERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.
solicited.
ESTABLISHED
P.
1871.
Keleher
F.
Co.,
OLIVE STREET, ST. L0U18,
Dealers In Western Securtttes.
And
&
Fisher
BANKERS,
Sons,
and luTentment
Orposnx Skoond St
,
Secnrltlea,
State Debts
32 SOUTH 8TEBBT,
Hare Western Union
wires In their offices, bj
oiMos of which immediate communication can be
Dad with ail commercial points in the country. Bspedal attention given to purchase and sale of Virginia Consols. Ten-forties, Deferred and all Issnes
of the State, and to all classes of Southern State,
'
lt,»
«nd Hallway Seonrltles.
Correspondence so-
Thos. P. Miller
Chas.
&
Co.,
BANKERS,
BpecUl attention paid to collections, with promnt
remittances at current rates of exchange on day of
payment. Buy and sell State of Alabama and City
of Mobile Bonds.
Correspondents.— Bank of the State of New York.
New York Lonlslana National Bank, New Orleans:
;
Bank of LlTorpool
(Limited), Liverpool.
WIIiiniNGTON, N. C.
of the Caltod StktM
Review, bound in
cloth,
- S'i
00
PoBtane (when sent by mail)
•
•
•
10
•
WILLIAM
B.
DAN4 &
CO.,
PUBLISHERS,
^k
New
81 Trilliam Street,
Tork.
Co.,
"^Isctlln-uzaxxs.
CLEVELAND, OHIO.
"
TOWN. CODNTY AND CITY BONDS,
LAKE SUPERIOR IKON MINING STOCKS,
AND STREET RAILROAD SECURITIES
SECURE BANK VAULTS.
O^.
FONTtg, (STATE BANK, IC. T. WALKBt
President.
I Incorporated 1875.)
Caahler,
German National Bank,
LITTLE ROCK, ARKANSAS.
-
-
-
-
¥300,000
George
Eustis
&
Co.,
WELDED CHHCWE STEhLAND
In
Round and
CINCINNATI, OHIO.
IRON
Flat Bars, and 5 ply Plates and Angles^
FOR 8AFE3, VAULIS,
Cannot be Sawed, Cut or
Drilled,
&0.
and
practically
Burgl ar- Proof
CIIR09tE STEEL, WORKS,
Circulars Free.
BANKBBB.
RROOKI.TN,
ESTABLISHED
Eug^ene
N. T.
1885.
11.
Cole,
STATIONER AND PRINTER.
^^
. BUBB178S, Pree'u
A. K. WAi^BB, Caehur
First National Bank,
CoUmUob* made on aU put*
&
H. Potter
Prompt attention given to all business In onr line.
N. T. Correspondents.— Importers' & Traders
National Bank and National Bank of the Reoublic
nOBIliE, AEiABAIVA.
tlie
To Chronicle Subscribers (one copy osly) 1 00
Defaulted Bonds of Missouri, Kansas and lUlnoli s
Specialty. Oood Investment Seonrltles, paying from
(our to eight per cent, for sale.
Capital (Paid in)
M^ouffxevn §anlijei;s.
and Securities-
State Debts and luimuutty from Proseoutloii.
Prices of State Securities, 1800-1885.
Railroads and tlieir Necnritles—
Railroad Statistics of the United States
Railroad Earnings.
Prices of Railroad Bonds, 1881-188.').
The New York Stock Market, 1881-1885.
Prices of Railroad Stocks, 1861-1885.
SOB
SPKPf A T TTT'M
BALTIinORE, mD.,
Acou-
IJebt of the United Stales, 1791-1885.
Prices of U. 8. Bonds. 1860-lsa5.
INVESTMENT BANKERS,
Dealers In GoTernmentn, Stock*
1870-1885.
United States Debt and Sfraritles—
79
Wm.
New York,
mulatious of Money in a Series of Years.
Table Showing the Kate Per Cent Realized
on Securities Purchased at dittereut prices
(without regard to date of matutity.)
Stock Speculation in New York.
Price oi
&
in
Investments and wpecnlatlon—
Compound luterest Table. Showing
of Cleveland, Ohio.
Baltimore ganlicrs.
Bank Returns, &e.
Tbe money Marfcet—
Credit.
Jos. M.
Ao.
London— Money Market and Bank Betunu
RI€HmOND. VIRGINIA.
Gerlach,
No. 437
Bills of
ISS G.
to Collections.
THOMAS BRANCH
BANKERS AND BROKERS,
Cable Transfers,
(ANNUAL.)
Wilet, Cashier
MERCHANTS' NATIONAL BANE,
RIGHmOND, VIRGINIA,
JOHN F Glenn,
&
10.]
THE
Financial Review.
FIRST-CLASS FACILITIES.
New York Correspondents.— The National Park Bank
and Seventh Ward National Bank.
Dealers In GoTemment, State, County, City and Railroad Bonds. Bank Stoclts, Ac.
Desirable luvestment Securities constantly on baud.
Narr
$300,000 00
P. A.
Pay Special Attention
& Barrett,
186 middle
-
The Bank of Durham,
BOSTOM, MASS.
BANKERS
-
Accounts of Banks, Merchants, Corporations and
Individuals respectfully solicited.
Collections promptly made and remitted for.
Will act as agent for the investmeut of Idle and
surplus funds of Banks or Individuals.
In our active and growing city money Is always In
demand. Our rates reasonable. Give us a trial.
W.
4,
and Surplus,
MEMBER OF BOSTON STOCK BZCBANQli,
Swan
[READY FEBRUARY
ATLANTA, GEORGIA.
8T RE E T,
WETBOSSET
S3
XLU.
l"VoL.
Chronicle Numbers
Mr ANTED.
967, »T0, 981 and JTnne, 1884,
Supplement.
Ten Cent! for each of
the above paid at the OlBoe
Supplies Banks, Bankers, Stock Brokers and Cf^'po
outfits of Account Booka »b«
raWona with complete
Stationery.
|y
New concerns organising
promptly executed.
No.
1
will
have their order
1¥ILLIAH STREET,
(BANOYBB SQUARE.)
JmOABt
THE (JHRONIOLE.
80. 1886. J
W.
William
THE
Porter,
AUorncy nn«l Counsellor nt
No. 6ja WALNUT 8TKEET.
Law
MUTUAL NEWLIFE
INSURANCE
Philadelphia, Pa.
Corpomtlcin. TrBnsportnllon uniJ Commorclal Law.
Rir«KK.NCiC8:-The I'rmt OomDanlos, The National
Bank* and lUllroad ComiwDlealn Phlladolphla, and
lh« Judgeao^ '"*y o^ theCourta.
A. Angler,
E.
Attorney and Counitclor at Law,
R. A.
TDB CODRT8,
Oorporalion atut Comi«»r<rfaI Law a apeeialty.
Rafen to Jad«e» Stephen J. Field and Wm. B
WnndB II. «. Suorerae Court. Wn«hln«ton. r> C.
NoTember
2flth, 1H78.)
ALWAYS BEADY.
FAKGO,
106
ASSURANCE SOCIETY,
ST., Nfc.W
January
|58,161,925
1885
Surplus at 4 per cent
10,483,617
Income in 1884
15,008,480
Paid to Policyholders during
last 25 years
81,072,486
THE SOCrETY
The United
IN
met with con-
tinuous coniincnduilon and sue-
Insurance Co.
THB CITV OF NEW YORK.
WEEKLY MAGAZINE,
dives Hlty-two numbers of
sixty-four luiffes each, or more
it
than
THREE AND A QUARTER
THOUSAND
double-colnmn octavo pages of
readinK mutter yeuny. It presents in an Inuxponsive form,
its
great
amount
of
matter, with freshnei-s. owlnjc to Its weekly issue,
and with a conopletenes-* nowhere else attempted.
The bust Kasays, Keviews. Crlt cisma. Serial and
Short Stories. Sketches of Travel ana Dis-
covery. I'uetry, ?icientiflc. Biofcrraphieal,
Historical and rollllcal Iniormatlon,
from the entire body of Koreixn
Pprindlcnl Literature.
Ills therefore Invaluable to every American reader,
as tbe only satisfactorily fresh and COMPLcTa;
compilation of an indlsiwnsable current literature—
indispiiisubU because It emoracea the productions of
ABLEST LIVING WRIIERS
In all
branches of Literature. Science, Politics and
Art.
**
It is not too much to say that with The Living
AOK one coram 'Mds the wtiole field of current literary activity; and It has never been so briKht, so coinprebeusivu, so diversifled io Intetest au it is tu-day."
—Sostou
"
lyutunf.
" It eoablep> it;* readers to keep fully abreast of the
best thuUKbt u(jd literature of ciTlll»atlon."— C/irwti4U, Adr:.-.>t^. i'ittKburi/h.
fiction,
P'
science,
criticism, history,
whatever men are lO'erested
-
—Ttip Wfttchtnan,
t>'
'
'
'
puolicutiuu L" keep
him
in,
all
liosiott.
it Is possible to be as
'rature an by the perusal
1,'
'
"'
^•ftU^i. i/M/uirer.
no more than this one
well abreast of Unfllish pe-
rluolcai literature.*' -i^utidui/ ochnol Timfs, PhiluOfl*
pkta.
"I^oremoet of the eclectic periodicals."- W". r.
World.
**Iu sobscribinK
our readers will secure more
for their inv.-.stment man in any other way of which
*•'
f'lr it,
oX/'—ioiva Churchman, J)(ivenporc.
n week, ii gives, while yet fresn. the
hoforeuinut writers or the day."—
••
PJ
C. P. FRALXieH, Seo'r. A.
read everything." • • "No man will
leratiireuf the limes who reads I'HK
/JOH'jr Hciftld, Bogion.
'U lurui.-hi-w a complete compilation of an indis*
pfinsable literature."— C'/iicdv" FA'tning Journal.
--'"*It
ftavf>
not onlv time but money."— Pacyic
All tbe proflts belong to tbe Policr-bolders exclusively.
All Poltctea Issued by this
years.
'
ible."—JT. r. QUervtr.
know in the world"—
f
.V.
c.
PuL>a>iiL'a uLt.ki.v uL tr^ a year, free of postage:
or, for
60.
l.iviNu
and any one of the
AJBjerlcan
M-.nthlies (or Harwr» W'ttkiv or Bazar)
wUI be sent fur a year, post paid or, for %\i 60.
no
H
T»K
LITINO AGE and the
Age
The
;
4t.
HichoUu.
LITTSLL A
Address,
CO., Boston.
Company are ixDiflPUT-
ABLK after tbree
All Death Claims paid wiTHOPT DISCOUNT as soon
as satisfactoiT proofs have been received.
This Company issues all forms of insurance, includlng Tontine and Limited (Non Forfeiting) Ton-
COTTON FACTORS
AND
COMMISSION MERCHANTS
16 and 18 Bzcbanse Place,
N>w
on all others, tbe Insurance remaining in full force
during the grace.
Absolute security, combined with the largest liberality, assures tbe popularity and success of this company.
GOOD AGENTS, desiring to represent the Company, are invited to address J. S. GAFFNEY, Superintendent of AKPncies, at Home Office.
AUOUSTA, GEORCIA.
for
SPINNERS
France.
From Pier (new^ 4ii, North Kiver, foot of Morton St
Travelers by this line avoid bothtfansit by Kngllsb
railway and the discomforts of Grossing the Channel
In a small boat.
ST. SI.MO.N. Uurand
Wed.. Feb. 8, 9 A M.
ST. GEIl.MAIN.Traub
Wed.. Feb 10.9 A.M.
ST. LAUKBNT. Ue Jousselln..Wed., Feb. 17, 4 A.M.
AMERlyUE. Santelll
Wed.. Feb. 24.10 A.M.
The next sailing cjf r,A NOBMANnio., I>e Korsa-
\
Waldron
&
Tainter,
COTTON MERCHANTS,
PBARL STREET.
97
&
Geo. Copeland
Co.,
COTTON BKOKEB8,
184
PEARL STREET, NEW YORK
FELLOWES, JOHNSON k TILESTON,
COTTON, STOCKS, BONDS, dec,
26 WILLIAM 8TRBBT. NBW YORK.
Orders m " Futures" executed at N, T. Cotton Bzoh
JOHN
H. CL,ISBT
&
CO.,
COTTON BUTEB8,
mONTGOniERY, ALA.
''ITBOHASI
ONLT ON ORDERS FOB A GOmOSmO*
BAGGING.
WARREN, JONES
&,
GRATZ
LOUIS, Mo.
.M.
®0mmct:jcial
&
Havre
to Parle.
The Compagnle Geiicrale Transatlantlque delivers
at Its office In New York special train tickeu from
Uavre to Paris. Baggage checked through to Paris
without examination at Havre, provided passengers
bave the same delivered at the Company's dock In
New Vork. Pier 42 North Kiver. foot of Morton St.,
at leaat two hours before the departure of a steamer.
DE BEBIAN,
Agent,
No. « Bowllnar «reen.
Co.,
Manof aotnran ana Oealen to
COTTON S AILDUCK
And aU
^:
second cabin, $«W): steerFirst cabin, |l')Oan<:
age, {''22— Including wine, bedding and utensils. Ketnm tickets at very reduced rates. Ctaeckson Banque
and
Parl8,ln amounts to salt.
Transatlantlque, Havre
©ards.
BrinckerhofF, Turner
fKicK OF Pashagk (Including Wine):— To Havre—
I.OOIS
O*
i, Co.. Commission Merchants, Nen
Vork William B. Dana i. Co., Proprietors CouuiaciAL & FiNANCiAi, CHBONI0I.I, and othar Mew Tork
Houses.
Henry Hants
IRON COTTON TIES.
GENERAL TRANSATLANTIC CO,
Between NEW YORK and HAVRE.
Special Train ttom
COTTOli
EXPORTSB8.
IMPORTERa OF
ONLY
at 7 A.
and
CORBESPONBENCK SOLICITED.
RErERSNCXs.— National Bank of Augusta,
Uanufaotnrers' Asents for the sale of Jute Bagglni
^teamsUlps.
?.
CargiU,
Entire attention given to purchase of
TO ORDBK
ST.
biec, April
roBK.
COTTON BROKERS,
One month's grace allowed in the payment of
Premiums on Tontine Policies, and ten days' grace
Direct Line to
&
Alexander
tine.
^
...
Wheilwriqht, An't Sec.
010. H. BlTRFOaD, ActnarT.
h''
^^
Gwynn,
1860.)
263 Broadway, New York.
BK08NAN, President.
it
»''
&
Fielding
T. n.
Traietler.
has now lur many years held the first place of
all our aerial publications." * • "There is nothing
noteworthy lu science, art, literature, blOKrapby,
philosophy or reliKi*'n, that cannot be found in it."
*
•
It runtulns nearly all tne good llteratuieof
tbe time " -tnt Charcinn m. Sew York.
"Nearly the whule world of authors and writers
appear in It In their best niuods." •
"The reader
Is kept well artreii.tt <.f the current thought of the
Ba9*"—B'ulnn Jonnuil.
^'It maybe truthfully and cordially said that It
iMver otfers a dry or valueless page."— i.\«txf I'ork
Li
&
261, 862
cesa.
considering
States Life
CORGANIZBD IN
N 1886 THE LIVING
AUK enters upon its fortyA
IS8UE8
AND MAKES
Littell's Living Age.
third year, havlnK
and Liverpool.
1,
PROMPT PA YMENT OP CLAIMS.
YORK.
Send for Price List
Prices Bednced.
Nevr Vork.
BBLMA. ALA.; MONTOOMSRT, ALA.
Bnyerg of Cotton for a Commlgslon
Orders for Future Contracti •zeonted In New York
BROADWAY, NEW YORK.
Sole Manufacturer,
LIBERTY
No.
$103,876,178 51
INDISPUTABLE ASSURANCES
In the iise of " This Book." the Rreat annoyance of
water, brushe-s cloths. Ac, lu done away with— the
book Is ready nt all times to copy any number of letters at once. I'anlea u»lnK ttauie pronounce lithe
rery thlnjr tbey want ; tbe copies are clear, distinct
and uniform.
"*
-
Co.,
CommiMion Merciiants,
19 SOCTH WILLIAin BTRBBT
Cotton
14, 1842.
EQUITABLE
Assets,
VNIFORin COPIES. S4VES TIITIE.
NO WATEB. NO BRUSH,
£. L.
-
Aflsets.
&
John C. Graham
Post Btmj>iNe.
Moist Letter Copying Book.
(Piitented
President.
OROAKIZED APRnC
120
THE KEW YORK
MoCURDY,
Rates Lower than other Companies,
L.IFE
iWlsctUattcotts.
YORK.
OP
CO.
IB8XTS8 XrSRT DEBORIPTION OF
LJFE<k END WMENT POLICIES
ATLANTA, GEORGIA.
PRACTI0K8 IN ALL
itottim.
Justttrauce*
l^ttonie^B.
kinds of
CANTAB, FELTIKQ DUCK. CAB
OOYBRINO, BAOOINa. RAVBN8 DnCK.SAIL
TW1NB8, AC., "ONTARIO" 8BAMLB88
OOTTON
BAGS, "AWNING 8TRIPB8.
Also, Agent*
UNITED STATES BUNTING
A tull npplT, all Width! and Colora. always
No. 109 Dnane StreeU
Bliss,
Fabyan &
CO.
In stoot
Co.,
York, Boston, Philadelphia,
SBLLINa AGENTS FOR LKADINQ BRANDS
New
JOSEPH GILLOTTS
STEEL PENS
BROWN
Br ALL DEALERSThtouwiout"B(c WORLD
-COLD fcgPAL PARIS EXPOSITION-IB/B.
Toirele, Qollte, Wlilte Goods ft Hoelerf
DrUU, M««Mn««, *e., for M»pvrt IVmM,
S'oiD
BLEACHED SHIRTINO
AND SHEETINGS,
tc
PBINT8, DENIMS, TICKS. DDCKS,
ha.
THE CHRONICLE.
W. T. Hatch &
MERCHANTS,
INMAN,SWANN&Co
NEIV YORK.
LOAMS MADE
COTTON, ALL GRADES, SUITABLE TO
OF SPINNERS,
Otfkrxd ON Tbbms to Stnr.
&
WANTS
C O
Special attention paid to INVESTMENTS and
accounts of COUNTRY BANKERS.
T T OW
NEW YORK, NEW ORLEANS,
AGENT FOB
NEW YORK COFFEE EXCHANGE, and
COTTON COMPANY OP STUTTGART.
GRAIN AND PKOVISIONS
at the
BXCHANQB
NEW YORK PRODUCE
the CHICAGO BOARD OF TRADE.
and
New
visions In
LSHMAX, DURR &
Co.
Montgomerr Ala.
Orleans, La.
LEHMAN
BRO'S,
mkkchants,
&
Schroeder
G.
Co.,
SCHROEDER.
Successors to WARE
COTTON COMMISSION MERCHANTS,
&,
Cotton Exclian^e Bniiding,
NEW TOBK.
John
l.
Hknbt
Bullabd.
&
204
NEW
CH0BOR BTBBnr
New
TTorlt.
Orders eTeouted at the Cotton ExchanKes in New
made on Cotton
and
advances
York and Liverpool,
and other produce consigned to us, or to our corres-
Kndents
Messrs. L. Rosenheim Jt
in Liverpool :
Stern St Co.; In London, Messrs. B. New-
ns and A
gass A Co.
Cotton Bxehange BnlldliiKj
New York
Special attention flven to the purchase and salecf
Future Contract.8
In New York and Liverpool.
&
Price,
Cotton Brokers
Reid
Co.,
& Commission Merchants
NORFOLK, VA.
Liberal advances made on Cotton conslgnmenta.
Bpeotal attention given to the sale of cotton to
arTlve or In transit for both f oreiKn and domestlo
maiat.ta. Correspondence solicited.
&
ISa
Farrar
Jones,
PEARL STREET, NEIT YORK.
Liberal advances made on Cotton conslgrnmentf
Bpeolal attention Kiven to orders for contracta fcr
future delivery of Cotton.
BVRE, FARRAR &
CO.,
NORFOLK. VA.
Henry M. Taber
141
PEARL
ST.,
& Co.,
NE^r YORK.
COTTOIV.
AdTftDoes made on CooBlKnmeDts of Cotton. Contraota for Futare Dellverr of Cotton bought and
•old on oommisston.
WALTER &KROHN,
COTTON BROKERS,
BBATBR STRBBT, NBHF YORK
it
F.
Hoffmann,
OOTTON BROKER AND AGENT
»
RUB DB
I.A
B017B8B,
HATRB.
COTTON BROKERS,
PEAFL STREET,
No. 113
N. ¥.
Phenix Insurance Co.
OF BROOKLYN,
196 Broadway, New Torli City.
Company 1st Day of Jan., 1885.
$1,000,000 00
CASH CAPITAL
Office,
statement of
Reserve for unearned premiums
Reserve for unpaid losses
Netsurplui
2,3tf0,985 87
28T,H27 a?
640.981 18
$4,342,130 90
STEPHEN CROW^ELL,
WM.
R.
CROWELL.
President.
Vice-President.
PIULANUBR SHAW. Secretary.
WM. CHARTERS, Assistant Secretary.
FRANCIS
YORK.
BURKE.
P.
Seo'y Local Dep'U
ALSO,
BAGGING AND IRON TIES,
iETNA
(KOR BAl.INO COTTON).
Advances made on Cotton ConslKnments and Special
Attention given to purchase and sale of FUTURE
CONTRACTS OK COTTON.
Robert Tannahill & Co., Mohr,
Cotton Commission Mercliants,
James F. Wenman & Co.,
H. Whkklkb.
EXCHANGE PLACE,
Wheeler,
BuUard
UXUBEBS OF THE OOTTOS, COFFEE AND
MERCHANTS
EX0BANQE8.
COMMISSION
PRODUCE
COTTON
No. 40
UP-TOWN office. No.
York.
Paid-up Capital, R. M. 6,000,000.
Cotton AND Factors
coirimissiON
New
la
Liverpool; also for Grain and Pro
Established ftn Tontine Bnlldlnir) 1«40
,
lilHHAN, Stebn a Co.,
NEW YORK.
ST.,
Orders for future delivery of Cotton executed
New York and
Authorized Capital, E. M. 20,000,000.
COKBK8P0NDENT8
Meurt. Smith, Edwards & Co., Cotton Brokers,
„
Jas. Lea McLean, New Orleans.
Uverpool.
PEARL
123
No.
G. E. Staenglen,
LEANS COTTON
COFFEE
Bloss,
COMMISSION MERCHANTS,
Co.,
LIVERPOOL AND NEW ORNEW YORK, EXCHANGES.
Also orders for
»t the
&
Gwathmey
8 South William St., New Ifork,
KXECDTE ORDERS FOR FUTURE DELIVERY
New Havm
—with interest upon balances.
New York.
COMMISSION MERCHANTS,
•tttas
St.,
j
Personal attention Kiven at the BZCHANQBS to
the purchase and sale of STOCKS and BONDS toi
eash or on margin.
DEPOSITS RUCBIVED— subject to oheok at sigkt
COTTON MERCHANTS,
SPKOIAL ATTIirriON TO 0BDIIB8 FOE CONTBAOTS
lOB rUTUBI DKLITIBT OF COTTON.
Sons,
BANKERS,
14 NASSAU STREET, NEW YORE.
BBANOH OfllOTS yos Chupel
ON ACCEPTABLE 8K0DEITIBB.
Henry Hentz
Benry P. BoMk.
Arthur M. BtMh
Walttr T. Hatch.
NaUi'l W. I. HaUh.
Stillman,
Post Bnllding, 16 & 1 8 Exchangre Place
18M.
,
piiscellatie0tts.
&0tt0U,
(Cotton.
Woodward &
[Jmxxulxy
138
Insurance Company
OF HARTFORD.
Hanemann& Co.,
ABsets Jannary 1, 1885
PBARL
ST.,
186
GRATIER ST.,
$9,013,517 iO
nnpald loBBea
and re-inBnranoe fund
Liabilities for
2,049,026 85
4,000,000 OO
Capital
New
New
York.
Orleans, La.
Bpbcial Attentios Giybh to
or ORDERS FOB
SUBTATUB
C.
JAS. A.
FUTUKE CONTRACTS.
HOPinUg. LtJCIUg HOPKINS SMITH
CHABLEB D. MILLEB.
Hopkins, Dwight
COTTON
& Co., &
NEW YORK.
Okdibs to» Ftttube Contbacttb exioittxs in
New Yobk ANij LirzBPOOL.
BABCOCK&CO.
COMMISSION MERCHANTS,
17 W^ater Street,
93,964,490 SI
New
St.,
ALEXANDER,
North
York,
Asent.
British
Mercantile
Co.
Ins.
OF
COMMISSION MERCHANTS,
COTTON EXCHANGE,
B. F.
NET BURFLnS
thb KxKOtrnoH No. a Cortlandt
LIVERPOOL,
Receive conslKnments of Cotton and other i^oduce,
and execute orders at the Exchanges in Liverpool.
Represented In New York at the office of
SAH'L D. BABCOCK
38 Nassau Street, New York.
& Wakefield,
COTTON
And General Commission
Tuttle
L.ONDON AND EDINBITRGH.
S. Branch Statement
Invested and Cash Fire Assets
U.
Jan.
1,
1886.
$3,301,747 81
LIABILITIES.:
Reserve for Unearned Premiums....
Reserve for Unpaid Losses
Other Liabilities
g
$1,158,0W
I'*.*'??!
i
**j**Js
'
.1,984.885 »T
Net Hurplna
$3,301,717 «1
Losses paid In U.
B. in
IS years
.
.913.31 0,33'^ 0*
B. Branch Office, 54 William St., N. T.
CHA8. E. WHITE, BAM. P. BLAODEU,
U.
Managers.
JAB. F.
DUDLEY,
Bupt. of Agenelei.
Commercial Union
Assurance
Co.,
limited,
of london.
MercliantB,
Cotton Exchange, Neiv York.
Liberal advances made on cotton conslRumenta
Special attention given to orders for contracts for
foture delivery of cotton.
Dennis Perkms
&
Co.,
COTTOK BROKBR8,
lis Pearl Street, New York.
Orders for Spot Cotton
•xeenteA
ud
OFFICE:
mttnrw prompUr
Cor.
Pine
& William StS
New
York,
@FedFRASER