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HUNT'S MERCHANTS' MAGAZINE,
REPRESExN'TING

THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.

lEntercd aocotdlug to net of Congress, In the rear 1S35 by
,

VOL.

NEW

40.

Wm.

Dana

de Co.. in

the office of the Librarian of Congress, Washington, D.

YORK, JANUARY

^iwaiijcial.

Buslat'oN Founded 1795.
Isccnotatsl oilor La^s of State of Kev 7or^ 1868.
Krarcriinlccd 1879.

Alfred H. Smith

&

Co.,

BONDS, POSTAGE & REVENUE STAMPS,
LEGAL TENDER AND NATIONAL BANK
.OOTES, of the UNITED STATES and for

22

182 Broadway, Cor. John Street.

and most artistic style
FBO.n STEEI. PtATES,

mtsgiiiit to prerent COUKTESmilHa.
3p«cial pjperj caaufictuMl eiclualvely for u>o of tho

mtb

spscial

^pui7.

SAFETY COLORS. SAFETY PAPERS.
Work Exef.utfil in Fireproof Buildings.
LITHOGRAPHIC AND TYPE PRINTING.

BAH-WAY TKKKTS OF IMVKO\KI> STYLES.
Show Cardis Labels, Caieodar*.
BI.ANE BOOKS OP EVEBT DESOBrPTIOir.
ALBERT G. GOODALL, President.
VICK-l'RESIDENTS
A. D. SHEPABD,
J. MACDONOUGH,
TOURO ROBERTSON.
W. M, SMILUE,
H. STAYMER. Treas.
THEO. H. FREELAND, Secty.
:

5.

ASA. P. PoTTRR,

Pres't.

J.

W. Work, Cashier.

Maverick National Bank,
BOSTON.
CAPITAL,,

BANK BBS.
and Cbestnnt

DepOBlts received sabject to check at sight, and
Interest allowed on dallr balances.
Stocks, Bonds, dtc, bought and sold on commlBslon In
Philadelphia and other dttee
Particular attention given to information reKardlng

J.

Member N.

w.

b. d.

ytse.

66 Broadway

&7

Exchange Court, N. Y.

the Bverott House, Union Square

and 17th

Street.

Wood,

BANKERS AND BROKERS,
iDterestpald on Balances. Seciuittes carried on
Marxtn. GoTernment Bonds and other InTestment
Becniitles bought and sold on commisson.
attention to orders by mall or teleKraph.

TINKER
BANKERS

No.

A.
AJSJy

Upectal

COI7BT,

New Tork.
HiNBT

C.

PINE

J.
No. 2
City,

C
.

H

.

TOWNSEND,

,

8

^VALL STREET.

Transact a general Banking Business, inclndinff the
Purchase and Sale of all Securities dealt in at the
New York Stock BxcBange.
Interest allowed on deposits subject to sight draft
Lansing C. Washburn.
C. B. CALDWiuCHA8. J. TowNSBND, Member N. T. Stock Uxchange

Lapsley

N. Y., No. 17 FIRST STREEr.

btoek Bzoh'ge membership; prlvat wire; a

facilities

Co.,

BBOAD 8TBEET,
New York.

TiHKXB. Member N. T. Btoek Ite*.

STOCK BROKER.
Lansdale Boardman,
NEW YOBK, 80 BROADWAY & 5 NEW ST.

&

BANKERS AND BROKERS,

No. 24

Simon Borg
No. 8 WAIiI.

&

8TBEET,

DKALHRB

IN

NEIV YOBK.

&

Co.,

YOBK,

I

H. Brown.

HERBERT

PA., CHICAGO.
frcd. a. Bbowit.

p.

BROWN.

Walston H Brown & Bros
BANKERS,
.

BANKERS AND BROKERS,

No

WALL STREET,

County, State, Railroad, District of Columbia
Bonds and Foreign Exchange.
Correspondence Solicited.

Wamton

HUBSTIS. L.M .SWA>'

WASHBURN A

Co.,

FRITATE WIRES TO:
PHIIiADELiPHIA, BALTinOBE,

DAVIS.

Bzecnte orders In all securities listed at the Non
Tork Stock Exchange. For Sale,
FXHST-CLASS RAIUtOAD FIRST MORTOAOI BONSS

QBORGE C. WOOD.

&

UNIIED BANK BUILDING,

BANKEBS AND BROKERS,
No. 17 ^VALI. ST., NEW YOBK.

SUCCESSORS TO

&.

H. Latham

Co., John H. Davis

NEW YOBK,

ST.,

BINBSILAIH WISTON.

TBOT,

Government, State, County. City and Railroad
bonds constantly on hand for sale or exchange, and

BANKBR8 AND BBOKER8,

WESTON, Howard
BBOKEB8,

EXCHANGE

2

Co.,

&

Huestis

CAUDTVELL.,

Gilder & Farr,
& 33 BROAD ST., NBlir TORK.

1.422.

Receive depuslts subject to cheque at sight and
allow interest on dally balances.

stocks and Bonds trou^ht and sold on Commission.
Orders received in Mining Stocks, and in Unlisted
Securities. Col]ection8madeandIx>anB Negotiated.
Dividends and interest Collected.
Deposits received subject to Draft.
interest Allowed, investment Securities a Specialty
We issue a Financial Report Weekly.

WOOD

BANKERS AND BROKBRS,

NBW^ TORK.

ST.,

BOX

BANKERS AND BROKERS,
particular attention given to the subject of inveetNo. 24 Pime Street, New York.
ments for institutions and trust funds.
Transact a (ceneral Banking Business John Howabd Latham. Frederick W. Perbt.

T. Stock Ezohanxe.

Vyse & Son,

81

&

C. Walcott

Co.,

Transact a general banlclDg boalness, inoludinc the
purchase and sale of securities listed at the New
York Stock Exchange, or In the open market.

investment Seoorttles.
New York. Baltimore and other places

31
a. vtbk.

Office at

P. O.

Office, 320 Broadway.
Connected by IMvate Wire.

sold.

NASSAU

No. 25

Sta.,

PfillLADEIiPIIIA.

Private wire to

&

Ives

S.

BANKERS,

Brancb

Wooonts of Banks and Bankers soHolted.
Colleotlona made npon faTorable tenns.
Goremment Bonds bought and

Branob

Henry

Co.,

€or. Third

8. !¥•

YOBK.

TELEGRAPHIC TRANSFERS OF MONBT
ON MEXICO, CUBA, &x., &c.

BzobansM

$400,000
(Members of the N. Y. Stock
400,000 Jos. C. WAiCOTT,
Frank F. Dickinson, f and Mining Exchanges.

SDBPLVS,

tbomas

&

H. Taylor

L.

lliieHt

24 Ezcbance Place,

New

|

the

dc

BILLS OF BXCHANOE, LETTERS OP CBBDIT.

Foreign Governments.

N. Y. and Philadelphia Stook

Co.,

AND

inPORTERS,
Memben

&

COMMISSION MERCHANTS,

EN«BAVFlf^ AM> Printers op

KNOUAMNO AND PRINTING,
BANK NOTKS, SHAKK CKRTIFICATES,
GOVKBNMKNTS AND
IIONDS l'(»K
COKI'OKATIONS. UKAFTS, CHECKS,
BH.1.8 OK EXCHANGE, STAMPS, *o..

02S

B ANKE RS

DIAMONDS.

BROADWAY, NEW YORK.

1

CI

^itiaticial.

Maitland, Phelps

Bank Note Company,

In

NO.

31, 1885.

'ginvmcinl.

AMERICAN
142

B.

Co.,

NO. 20

A. Kohn

Railroad and InTestment Secnrities.
BODTHXBM BBOCBTrm A BPBOIALIT.

&

Co.,

J. BANKERS AND BROKERS.
19 Broad St.,N. Y., mill. Bnlldlnc,
Transact a General Banliing Bnsiness.
Foreign Exchange, Bonds, Stocks and MIscella*
neous Securities bought and sold on commission.
JiJLiFH A. Kohn. datld Ochs. Moritz Ochs,
Memb. N.Y. Stock Kz.
Memb. N.Y. Stock Kich.

Hatch

NEW YOBK. BANKEBS,

ALL KINDS OF

NASSAV 8TBEBT,
NEW YORK.

&

Foote,

No. 12 Wall Street, N. V.

Investment Securities »
and BONDS
\^ tnnaaot
Bgeneral BANKING business and ALLOW INTKBB8T on DEPOSITS. Branch Offices, connected >y
and Boston, Mass.
private wire, Norwich, Conn.,

We make IJ. 8. Bonds and

>pe<daity. execute orders In STOCKS
for cash or carry the same on mawln.

,

;

.

tHE CHRONICLE.

ii

[Vol. XL.

and

gatiliicrs

&

Morgan

Drexel,

Nos. 19 dc 21 Nasaan Street.
IB8DB TRAVELERS' CREDITS, available

COBNEB OP BROAD, NEW YOEK.
Drexel
lfo.31

&

Drexel,Harje8 & Co

Co.,

South Third Street. 31 Boolerard HaaBsmann,

PARIS.
PHIIiADELPHIA
BOMESTIO AND FOR£iaK BANKERS.
Securltle»
DeposltB receiyod Bubleot to Draft.
booiiht and sold on commission. Interest allowed on
DeooBlU. Foreign Kichange. Commercial Credits.
Circular Letters lor Travelers,
Cable Transfers.
Tallable in all parts of the world,

ATTOKNKYS AND AGENTS OF
& CO.,
MesBrs. J. 8.

parts of the World, through

&

& W. Seligman & Co.
BANKERS,

MORGAN

No. 33

OLD BROAD STREET, LONDON.

Ko. 22

Brown

&

Brothers

STREET,

No. 69 TTAI-IBXnr

Co.,
N. Y.,

AND SBLL

OF EXCHANGE

BIL,L.S

ON QBEAT BRITAIN AND IRELAND, FRANCE
GHBMAN V, BELGIDM, SWITZERLAND, NOBWAY. DENMARK, SWEDEN AND UOLLAND.
Issue Commercial & Trarelers' Credits
And In

John Paton & Co.,
8UCCESSOE8 TO
JESUP, PATON & CO.,

Francs, In Martinique and Guadaloupe.

abroad on all points In the
Canada, and of Drafts drawn in the
United States on Foreljfn Countries.

&

T

S3

EXCHANGE ON
SiniTU, PAYNE & SMITH'S,
BANKERS, LONDON;
MANCHESTER & COUNTY BANK,
BILLS OF

LIMITED ;"

MANCHESTER, PAYABLE IN LONDON

DRAW ON

THK UNION BANK OF LONDON;
BRITISH LINEN CO. BANK, LONDON AND
J.

SCOTLAND.
Alsxandeb Baking,
Kmwntot Tod.
Member N.

ALSO,

CABLE TRANSFERS AND LBTTBBB OF CREDIT
PARIS:
NEW YORK: LONDON:
WII.UAMHBATH. THOSE. DA VIS. W.G.H.HSATH.
yoiNcir. "
CHA8. E.

William Heath & C .,
BAKKER!^ ASiD BROKERS,
No. 80 Broadway, New York..
Members of New York Stock Exchange,
fORKION EXCHAN GE. C ABLE TRANSFERS.

& Co.,

DEPOSITS

Companies.
Issue commercial credits, also foreign and domestic
travelers' letters of credit In pounds sMrling & dollars.

Oiler Investment Securities.
Buy and sell bonds, stocks and securities in all American, Canadian, British and Dutch markets on commission. Collect dividends, coupons and foreign and
inland Drafts.
Sell Bills of

Exchange on

No. 19

Rne

GOVERNMENT, MUNICIPAL and
Bonds.
Private telegraph wires to Providence and Boston.
Buy and

Orders solicited for l^ondon and American markets
for Investment or on margin.. liaUway, Stale and
City Loans nettotialed.

&

John Munroe

&

Kidder, Peabody

G. E.

TAINTOR.

mUNROE &

CO.,

PARIS

AND BILLS AT SIXTY
STERLING CHEQUESSIGHT ON
DAYS

ALEXANDERS

&.

CO.,

LONDON.

Cor. Wall and Nassau

Co.,

Geo. K.

&

Ruckgaber,
BANKERS,
29 IVILLIAM STREET, NEW YORK.
Schulz

cohhespondents of the

International Bank of London
(Limited) London.
neurs. jonn Berenbers, Gossler &Co.

Hamburg.

nes«rfe.inarcuard,Kraussdc Co., Paris.
Bllla

Commercial and Travelers* Credits.
Cable TranaXen.
of ISxchuitite.

Sons,

Sistare's

New

office.

Y^ork.

DEALERS IN

FIRST-CEASS INVESTMENTS.
Bny and
t(ln. all

Sell

on ComnUBalon, for cash or on our*
New York Stock

securiUeB dealt in at the

Interest aliowed on daily balances.
AU deposits subject to cheoic at sucht.
P articular attention to orders bv mati nr tftlegr»n^

~

Fred. H. Smith,
BROAD ST., NEIV YORK.
STOCKS, BONDS AND PETROLEUM
No. 20

4

Bought. Sold, and Carried on Margins.
Intimate knowledge of

all

railroads for past twenty

rears. Parties desiring to buy or sell unquoted securitles will do well to communicate.
F. H. Smith, ( Members N. Y. Mining. Stock & Na.
tlonai Petroleum Exchange^
S. W.Smith, i

H. Ckitgeb Oaklet,

James Whitely,

MAYh'AED C. BTKB,
HAKKY C. I.OOAN,
HENRY H. DODOK, Washington, D. C.
Wm. B. Travebs, Special Partner.

&

Prince

Whitely,.

No. 64 BROADW^AY, NEIV YORK.
T>„ „m, r,™,^»<, ISO Filth Ave., New York.
BRANCH OmCES 53y iBj^ gj^ wiishlngton, D. f
5

.

j

Bur and

sell

of the New York Stock
ik Fokkign Exchange, Government
>Ni) oTUEii Investment Bonus.

Members

Dealers

HTKKIJNG LOANS A SPECIALTY.
54 Wall St. aud «2 Creene St., N. 1.
Buy and sell on commission, for investment or on
margin, all securities dealt in at the New York Stock

W. M.

Sts.,

New

Yorli.

BANKER AND BROKER,
65

TO

B9

BARINO BROTHERS Sc CO., London
PERIER FKERES A: CO., Paris.
Ac

STOCKS AND BONDS BOUGHT AND 80XJ3
STRICTLY ON COMMISSION.

CO., BerUn.

120 Broadway, Equitable Building, New York.

LETTERS OF CREDIT AND
CIRCULAR NOTES

Issued for the use of travelers in all parts of the
world. Bills drawn on the Union Bank of London.
Telegraphic transfers made to London and to various
filaces in the United States. Deposits received subect to check at sight, and interest allowed on balr
ances. Government and other bonds and investment
securities bought and sold on commission.

GOADBY &

B. E.

WALKER,

JOINT AGENTS

Canadian Bank of Commerce,
16 EXCHANGE PLACE.
BUT AND SELL STERLING EXCHANGE, CABLE
TRANSFERS, ETC.
ISSUE COMMERCIAL CREDITS, A VAILABLE
IN ALL PARTS OF THE WORLD.

R. T. Wilson

&

&

Kimball

R.

Co.,

J.
BANKERS AND BROKERS,

No. 18 IV all Street,

RoBSBT J. Kimball.

New York.

No. IS

BANKERS AND COMMISSION MERCHANTS
<t Excbouse Court, New Vork.

B.

New York

Lounsbebt.

&

Co.,

1¥ALL STREET,
DEALERS IN

INVESTMENT SECURITIES.
All classes of

bought and

City,

Town and Railway Bonds

sold.

^

Hamilton

&

Bishop,

BANKERS AND BROKERS,

NO. 36

_
PINE STREET, NEW YORK.
Stock Exchange.)

(Members New York

Accounts of Banks, Bankers and others received.
Interest allowed on Balances. A strictly Commission
Business In the purchase and sale of stocks and bonds.
Private Telegraph Wire to Albany, Troy, Syracuse,
Rochester, Utlca, BufWo, Cleveland and Chicago
Draw on City Bank o' London in amounts to suit.
Snedal attention given to Beourltles for Investoisnt.

Oilman, Son

&

Co.,

BANKERS,
No. 62

Co.,

Alfred

Mahoney

F.

J.

KOVNTZE BROTUERil),
BANKERS,

H.

DREXEL BUILDING,

Seventeen Years' Membership In the
Stock Exchange.

CORSESPONDENTS:

inENDEL!«SOHN

Earl,

MEMBER NEW YORK STOCK EXCHANGE,

New York.

AND
Commercial and Travelkhs' Credits.

J.
ClBCUIiAR, NOTES AND CkEDITS POH TEAVELEKS.

GEO. H. HOLT.
L'HUILIEB.

G. D.

BOSTON, MASS.

Co.,

No. 32 NaKsau Street, New York,
No. 4 Post Office Square, Boston,
CHEQUES AND CABLE TRANSFERS ON

sell

RAILROAD

J

Co.,

Scribe, Paris.

business.

allowed on

balances..

CABLE TRAN8FEKS, BILLS OF EXCHANQE

&

INTEREST

Exchange.

MELVILLK. EVANS A.- CO., , Q^noN.
Ji^UKUun.
C. J. HABIBRO & SON,
H. OYKNW it SON, AMSTERDAM.
HOTTINGUEK, & CO.. PARIS.

FOREIGN BANKERS,

William Heath

received and

Chas. Unger & Co.,
BANKERS AND BROKERS,
Exchange,

BANKERS.

F.xohan(!e apd transact a general
Bnancial commission business. Particular attention
given to American beourltles.
Bills of

NEW YORK.

GENERAL BANKING

Act at Agents for Banks, Bankers and Railroad

WILLIAM 8TEEET,

10 Tlurotpnortom Ave., Loudon, Eng.
Draw

a

Co.,

J.

No. 63

AND BUANCHB8

Y. Stock Exoh.

&

Kennedy Tod

!

NATIONAL BANK OF SCOTLAND,

TRANSACT

on commission all classes of Railroad
Securities; also Grain and Provisions.
l*rivate Telegraph wires to Philadelphia, Wilmington, Baltimore,'Waahlngton, Bridgeport, New Haven,
Boston and Pittsburg.

BELFAST, IRELAND;
AND ON THB

William Heath

York.

Act as agents for corporations In payin.: <,oupons
and dividends also as transfer agents.
Bonds, stocks and securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought
and sold.

H. O. Northcoti,

ULSTER BANKING COMPANY,
KDlNBUKtiU,

New

Accounts and Agency of Banks, Corporations,
firms and individuals received upon favorable terms.
Dividends and interest collected and remitted.
;

&

Co.,
Stuart
J.
*NASSAIJ STREET.

"

S3 TrUllam Street,

TTALL STREET,

onnected by private wire with main

Parable in any part of Enrope, Asia, Africa, Ana*
kralla and America.
Draw Bills of Exchange and make Telegraphle
Transfers of Money on Europe and California.

HAKETEIiEGRAPHIC TRANSFERS
OF MONEV
BBTWEBN THIS AND OTKBR COVNTRIMS.
drawn
HAKE COLLECTIONS OF DRAFTS and
United States

York.

Issue Letters of Credit for Travelers,
On BKLIGMAN BROTHERS, London,
SELIGMAN KHERE8 & CIE., Paris,
SBI.IGMAN & STKTTUKIMKR, Frankfun,
ALSBi^KG GOLDBERG, Anu^lerdam,
ALTMAN & STETTHEIMER, Berlin.

IN STEBLINO.
AVAILABLE IN ANY PART OP THK WORLD.

No. 10

16 A: IS Broad Street, Neiir York.
121 SontU Tlilrd Street, Philadelphia.

BROAD STREET,

Neiv^

Holt,

BANKERS,
in all

MesBre. N. M. Itotlitichild i& Sous, London,
de Rotliscbild Bros., Paris.
Sons, Frnnklort o\iu
IH. A. de Kolhscbild
S. M. de Kothsctaild, Esq., Vienna.
AND THEIR COKBESPONDENTS.
Draw Bills of Exchange on, and make Cable Transfers to, England, France and Germany.

J.

&

Taintor

Co.,

BANKERS,

STREET,

TFALti

&

Co., August Belmont

^vufeers.

CEDAR STREET.

In addiuon to a General

ami

Sell

Banking Bnslneaa, buy

Government Bondi and Inveatment

Saourt-

Januabt

THE CHRONICLE.

81, 188S.J

^nnUevs mi& ^voUevs,
R. A. Lancaster

&

Co.,

BANKERS AND BKOKERB,

BANK

tIMITBD

Saulievs »tiA SvoluevB.
0OIJ.J, TiTRimi, jAK.TinunB.
Memb. N.T. Stock Kxch.

C.
&

16

Broad

18

&

MlBcellaneonfl Secarltles.

HIKAM DKWINO.

DEWING.

(^LAIIK

(Moiubor of

Now Vork Stock

F. T. BONTlCOtT.
Uxohanjie.)

H. Dewing & Son,
BACKERS AIV1> BROKERS,
No. 18 Wall Street,

New York.

Hutitfht. un<1 Sold on CommlMlon
received und Interest allowed on bal*
lu
itioh lUHT be checked for at aiiihtf.-'iin A Trust Co. 6 per
cent Debentures
txiuKiiMind sold.

Hnd Bonds

(ttttcks

A'

Its

..

I

Simons

&

3 Kxchaiiare Courts 52

Broad«vay,N.¥

8tockP, Bonds and U. S. (rOTemment Seonrltlei
BoQsht Hnd Sold on Commission.
jAa. D. BIMONB,
BBTKRLT CHIW,
Memb«r N. Y. dtook Bzobanse.
Member N. Y. Produce BzchanBre.

J ameson,Smith&Cotting
STOCK BROKERS
AND COBtMISSION MERCHANTS,
St.

and 67 Exchange Place

STOCKS. BONDS. GRAIN and PROVISION!
boUKht and sold Id New York and ('hlcafto.
ChiOTKo Correspondenta. VVM. T. BAKUR & CO.
Direct and excluaWe urlvate wirfl
Hflmoers

New Vork ttnd Cblciufo Stock UxcfaaiueNew Vork Mining Stock Bxchanjce.

also

&

Rolston

Co.,

<

H.

AND PROVISIONS

N e w Torfc and Chloago marke t*
FRANK C.HULLINH

bought and sold In

U.B.UOLLINR.

F.A.VZNAOA.

&

HoUins

B.

Bass,

Cor. of Montague It Clinton sta., Brooklyn, N. T.
This Companr Is authorised by special cbartOT to
act as recelTer, trustee, Kuardlan, exeeotor or tamlnlstrmtor.
It can act as agent In the sale or management of
real estate, oolleot Interest ot dlrldends. reoelre
registry and transfer bmiks, or make pnrohaee an4
sale of GoTemment and other secnrltlee.
RellKioQs and charitable Institutions, and person*
unaccustomed to the transaction of bnjlnawi, will
Hnd this Companr a safe and convenient deposltorr
RIPLKY ropks. President.
(or money.

BDMUND W.CORLIBS,

Co.,

TKUSTKKS:

BANKKRS AND nROKKRS,

BROADWAY.

74

The Brooklyn Trust Co.

gpeotal.

Members N.V. Stock BiohanKe.
IN
FIRST-CLASS INVESTMENT

DBALBRS

SECURITIES

But and sell on commission all classes of Stock
and Bonds, fur cosh or on margin.
Accents for Banks, Bankers and Railroad Companles.

Metropolitan Trust Co.,
Mills BulMliis,

Stewart Brown's Sons,
STOCK BROKERS,
A. B. BATXMAN,
Memb.N.Y. Stock Bxch.

WALL

38

Stocks, Cotton

THOMAS

DOCOLA88 OKEKN,

No. 49

HEARD,

IVA!.!, STREET,
Wew York.

8

B,A81K1«

FHANKENHEIMER, M. SEUQHAN.
Members N. T. Stock Exchanne.

b.

JL.

&

Asiel

Co.,

BANKERS AND BROKERS
No.

51

EXCHANGK PLACB.

Street Railroad Stocks and

United States Trust Co.
OF

NEW

Capital,

This company
into court,

and

Is
is

BROOKI.TIV SECURITIES

STREET.

-------

Surplus,

STREET,

No.

DEAI.T

$2,000,000
3,541,608

lecral depository for moneys paid
authorized to act as Kuardian or

a

receiver of estates.

9lO. H. PRINTISg,
Member N. Y. 8t.ock Bxchange.

INTKKE&T ALLOWED ON DEPOSITS,

Transact a Qenerat BanklnK Business, Inclndlns
the purchase and sale of STOCKS and BONDS for
cash or on margin.

W. Bayard

Bnr and

InTestment Seearttle*.
P. O. BOX 8,847.
WAYLAND TrASK. H. J. HoRSB.

Sell

A. M. KiDDSB.

W. C. HHJ.

NEGOTIATED.
INVESTinENr SECURITIES
BOUGHT AND

Mct^etlatt

Rome Watertown & ^KdensburK Ists and Sds.
Oswego & Rome Bonds.
& Northern Indiana Bonds.
Grand Rapids & Indiana Bonds and Stock.
AI.BERT E. HACHFIELD,
No. 6 Wall Street.
*

So,

I

D A. BOODT. _

MCLEtLAJJ. JR.

R KrBEV L EL ANT).

T7NITED
Wall
STOCKS,

Street,

BONPS

Corner Broadivay.
OOUMEROIiL PAPER.

<e

Stocks and Bonds bought and sold on commission

New

Bliss,

made on

FOR SALE— STOCKS BY

William Libbey.

J.P. Wintringrliam. 36 Pine

Assistant Secretaiy

air

5<-i

Takes charge of property collects and remits interest and income promptly, and discharges falthullv the duties of every trust known to the law.
All trust assets kept separate from those of the

Company.

Burglar-Proof Safes and Boxes (having chrome

annum,

T

BONDS.

15 Empire City.
100 Excliange.

Co.,

AND 013 CHESTNUT STREET.
PH1I«AI>£1.PHIA.

steel doors) to rent at f 5 to $00 per
new and elegant chrome steel.

N.

300 Third Ave.

20 Continental.

The Union Trust

St..

in
Note Telephone Call. 282 JOHN, not yet"- book.
Sh". CITY KK.
INfiil'KANCE.
50 Second Aye.
7 Ara- E-xchange.

Sh8

in their

B'y&

10.000

Hamilton.

7thA.lst8s,l(l04

5,0()(i«dSl.MtStN.Alst.
5.i Oil South Ferry 7a, "01.

10 Home.
21 Knickerbocker.
70 Long Island.
100 Mechanics'.

IS.llOOThird Av. 7s, 1690,

SCRIP.
Dry Dock E. B.

10,000

^5 Niagara.
10 Peoples'.
100 Phenix.

6 Union.
IS United States.

RntKers.
5 Star.
5o Sterling.
A
10 Amer. Steam Boiler.

1011

CITY KAII.ItOAI>.

& B.

Tltt.ST CO.
&0 Am. Loan & Tr.
25 Karmers' Loan&Tr.

i

SUNDRY.

Aca Mus.tlcket.
Brooklyn Art Atsno'n.
Clinton Hall, with use
of Mercant. Libr.
_
25 42a St. Manh. & St. N. 100 Otl." Elevator.
J. P. >Yintringliam, :{« Pine ^t., N. T.

& F. F'y.
Broadway & 7th Ave.
lOOCent. P. N. & B. R.

20 B'klyn

50 Bleecker St.

1

10

1

I

Fire and Burg;lar*Proof Vaults,
protected hy improved time locks.
Wills kept in Vaults without charge.
B()nds und ^tr.eks. IMiiio and all valuables securely
kept, underguarantee, at moderate charges.
Car trusts and other approved securities for sate.
Money received on deposit at interest.

READING, V.-Pres't
MAHLON S. 8TOKK-, Treasurer A Secretary.
D. R. PATTERSON. Trust Officer.

BITILDINri,

.t
York Stc)ck KxchanKe. Advances
b iplness paper and other securities.

George

John C. Brown,
Kdward Cooper.

JAS. LONG.Pres't. JOIIXG.

BANKERS,

BANK

Geo. H. Warren.

;

Box

447.
C. W.

Chittenden,

appointee.

5S Broadway, cor. Exchanire Place, N. Y.
Branch OlUcf, Vl» I,a Salle St., ChlcaKO,
TKAN:<Ar'T A (iENKIlAL BANKING BUSINESS
INCl.rDlNi; TIIK I'URrilASK AND SALK OF
STOCKS A.Nl) BONDS KOR CASH OR ON MARGIN. BUY AND SKLI. .N V KSTM K.NT HKCL'KlINTKREST ALI.DWKI) ON DEPOSITS
TIES.
SUBJECT TO CUECK AT SIGHT.
P. O.

HAMPTON.

SOLD.

W^ANTEBj

JohnU.Kboaaes
Anson P. Stokes.
Hobt. B. Mintum

Aathorlsed Capital
$1,000,000
Paid-up Capital
500.000
Charter Perpetn^.
Acts as Executor, Administrator, ABsl^nee, Reoelver. Guardian, Attorney, Agent, Trustee and Committee, alune or In connection with an Individual

ISoodtft
BANKERS^

8. B.

Cutting.
L. TliOKNKLL, Secretary.

G.

^_^^

Joliet

iian. H. Arnold, James Low,
Thomas Slocomb. W. W. Phelps,
Charles K. Bill.
D.Willis .lames,
Wilson G. Hunt, John J. Astor,
H. Macy,
John A. Stewart,
Clinton Gilbert, S.M.BucklnKfaam
Danle! D. I^ord,
H. E. Lawrence,
tieorKe T. Adee, Isaac N. Phelps,
Samuel Sloan,
Erastus rornind,

LOUIS

W. W. WALSH

Stock Privileges

Executors, administrators, or trustees of estates,

HENRY

IN.

8BB OAB QUOTATIONS IN THIS PAPBB.

which may be made at any time, and withdrawn after
Bve days' notice, and will be entitled to interest for
the whole time they may remain with the company.

Newr York,

Bonds

AND ALL KINDS OF

YORK,

NOt 49 ^rALI«

Wm

Co.

BBOOKI.Yn.

OA8 SECURITIES,

TRUSTEES:

C^

NEUr YOKK,

GAS STOCKS

und females unitccustumed to the transaction of bnsl*
ess. as well as relltrious and benevolent institutions,
will dnd this company a convenient depository for
fioney.
JOUN A. STEWAUT, President.
WILLIAM H. MACY. Vice-President.
JAMBS £. CLAKK. Second Vlce-Prest

BANKERS,
18 WALL

ST.,

Co.,

General financial business.

"^xnst ®0mpanijes.

BANKERS Am) BROKJBRB,

No.

WALIi

308 inONTAOI/E ST.,

NASSAV STREET.

Onotjitlons cheerfully furnished.

Co.,

&

AND

Loans on Railway and other negotiable securities.
Purchase and sale of same. Loans on Bond and
MortKace.

BRITT.IN. Secret^nr.

WAHHINOTON, D. C.

AVOrSTIKTE
39

IlII.LnoUSB, President.
1). TAPPEN.Vlce-PresIdeni

J.

Geo. H. Prentiss

aud ForelKn Excbanse
CO.,

New York.

«I,00O,0O0.

^pttivil ^ttucstmewts.

Memb.N.Y.CottonBxch

BATEnAN,

PrlTate Wire to Washington.

BATBMAN A

Stocks, Bonds and Miscellaneous Securities.
Correspondence Solicited.

W. H. Goadby &

St.,

FREDERIC

WALTER

W. DUDLKT.
dc
STREET, NEW YORK.

VV.

OREEN

BROAD STREET, NETP YORK.

___^

Wall

other siml!:ir companies.

BANKERS,

30

3.5

Designated as a legal Depository by order of Supreme Court, liocelre deposits of money on interest,
act as fiscal or transfer agent, or trustee for corporations and accept and execute any legal tmsts from
persons or corporations on as favorable terms as

PINE STREET, NEW^ YORK.

88

Vlce-Prest.

Joslah O. Low, K. V. Knowlton, fl. E. Plerrepont,
Alex. M. White, John T. Martin, Henry K.Sheldon,
A. A. Low,
Wm. C. Kinsley. C. 1). Wood,
Alex. McCue,
Kred. ('roiuwe)l. Wm. u. Male.
MlchlChauncey.John P. Kolfe,
I (nnry Sanger
Wm. B. Kendall, E W. Cnrlles,
Ripley Ropes.
JAS. R 0H8 Cf BBA.N. Secretary.

PAID UP CAPITAL,

Chew,

STOCK BROKEKS,

23 Broad

•liiini.BT.

New York.

Street,

STOCKS, BONDS, GRAIN

Southern Seaurities a Specialty.

%xxist f£>sixavwciits.

BANKBRS AND BROKBRS,

DIAI.IRS IN

Railroad

M

&

Turner

J.

BITILDINO,

BROADWAY AND WAIJ> 8TRBBT, NBW YORK

m.

Directors.—James Long, Alfred S. Gtllett, Allison
White, r>r. Chaa. P. Turner. William S I'rlce, John
T. Monroe, W. J. Nead, Thos. R. Patton, John G.
Keadlng. Jas. S. Martin, D. Hayes Agnew, M. D.,
Jos. 1. Keefe. Robert I'atterson, Theodor C. Kngel,
Jacob Naylor, Tho.s. <;. HoihI. Edward I^. IVrkins,
I'UILA1>KM'IIIA: Samuel itid<lle. (Jlkn Riihii.k I'a
Dr. George W. Kelly. H AUKisiirRC., Pa.; J. Simpson
Africa, lltJNTiNODON Henry 8. Eckert. Rkauinq ;
;

Edmund

3.

I>oty,

r>OYI,E8TOWN
Ohas.

;

Miffijntown

R. E. Monaghan,

W. Cooper. ALLB> TOWN.

;

W. W. H.

Davis,

WI8T CHESTER

;

No. 21

NASSAU 8TKEET,
DKALIB

IN

CITY RAIL.WAY STOCKS

GAS
TRUST

STOCKIS,
CO.'S

STOCKS,

TELEGRAPH STOCKS,
Bank Stock n. Inanrance Stock*
Only the most
MORTG A (JFH and satisfaction.desirable loans
Absoiutessfety
The KansaA

A

Missouri Loan.Trust Co.,

W yaodotte. Eansaa.

.

THE CHRONICLK
^^yjecial %nvi&stmtnts.

New
Mortgage

England

THIRTY-FIFTH ANNUAL KEPOHT

^

OFFICE OF THE

& Investm't Co
NEW

H.

M. Mills. President.

F.

J.

Ranscm.

tioo.ooo.

careful attention given to all corresCollections made upon favorable terms.

Safe Investments.
V PER CENT BONDS and MORTGAGES

ORGANIZED IN
The Trustees, In conformity to the Charter ol
Company, submit the foUowlnj? Statement

the

Chas.

Cash'r.

Lew

K.

Darrow.

E*renilums

Total Marine Premiums

Premiums marked
ber,

Choice MortgaKes on Iinproperty.

Bank and other Stocks Bought and Sold.
BLAKE & CO., Private Bankers,
minneapoUs, inn.
O. Box 320.

m

IITESTERN

Co.,

1,AWRENCE, KANSAS,
ll'O.V IMfHOVED
FARMS. Interest and principal paid on day of maturity in New Vork. Funds promptly placed. Larue
eiperience. Nolosses. Send for circular, references
and sample forms. F. M. I'KRKINf'. I'resldont; .). T.
WARNi, Vloe-Prest.; L. H. PERIil.NS^ Secretary;
CHAS. W. GILLKTT. Treas.; N. F. HART, Auditor.

THE
Kansas Loan & Trust Co.
TOPEKA, KAN.
GEO. M. NOBLE, Bec
T. B. 8WBKT, Pres.
Is the oldest and largest Institution in Kansas,
Klvirui exclusive attention to the Negotiating of
LOANS at high rates
CHOICE FIRST
Of Interest. It has negotiated over 87,000.000
of these loans for Savings Banks, Insurance Com.
panies. Estates and private parties East. Send for

MORTGAGE

Farm Mortgages
In Snms of $100 and Upwards on Indiana and Ohio Lauds.
NOTHING SAFER. AIjWATS PROMPTLY PAID
SEND FOR PAMPHLET.
JOS. A. inOORE,
84 Bast Market St.. IndlanapoUat In J

$787,789 40
viz.:

,

sion.s.

BROKERS AND

I>

EA

li

ER S

B o r^ i>
ITIARINE

s.

AND IN1,AND INSURANCE

COMMERCIAL MUTUAL

INSURANCE COmrANY,
57 & 59 WILLIAM STREET. NEW YORK.
ASSETS.
*218,5i)0 (X»
United States Securities
93,83fi 00
Bank Stocks of New York City Banks.
City and other Stocks and Bonds, Loans
347.188 45
and Cash In Banks
Premium Notes. Cash Premiums. Re-in87.553 31
Burance and otoer Claims
.

Total Assets, January

1

.

1885

.

W. 1BVINGCOME-.

.

$743,861 76
President.

Hknky D. King. Sec. w ai.vwrigut Habdie. V.P.
ly This Company issues Certificates of Insurance,
losses payable in LONDQN, at its Bankers. Messrs
BROWK SHIPLKV&CO,

med-

advertising and
other expenses..

2flS,266 3.5— 1,415,98108

$11.046,0.52 70

Balance

410,000 00

LIST OF ASSETS.
*543 2
Cash on hand
346,313 52
Cash in bank and trust comj-any
2,M6K,108 23
Bond and mortjia^ies
l,2'.il,01.'> 43
Loans on policies iu f..rce
United States and N. Y. stocks
1,793.597 6!)
market value
'J

1,454,959 73

261,514 65

Bank

$12,938,289 38

tfl2,912 yl

Real estate at cost

and i u
course of c 'ilectiou and trans-

Premiums deferred

SIX PER CENT INTEREST on the outstanding certificates of profits will be paid to the holders thereof, or their legal representatives, on
and after Tuesday, the Third of February next.

THE OUTSTANDING CERTIFICATES

of

the Issue of 1880 will be redeemed and paid to
the holders thereof, or their legal representatives, on and after Tuesday, the Tlilrd of February next, from which date all interest thereon
will cease. The certificates to be produced at
the time of payment and canceled.

declared on the net earned premiums of the
Company, for the year ending 3l8t December,
1884, for which certificates will be issued on
and after Tuesday, the Fifth of May next.

By

J.

H.

OBAPmAN,

lies, !H,r>26,S7.^.)

Interest dtie and accrued, and
all other property

Gross assets
claims,
proof.

Rep.-rted

awaiting

$220,616 00

&o
unpaid

Dividends

and other

liabil-

.128,182 07

ity

Reserve on existing policies, calculated by New
York Ins.Depart8,403,550 00ment

Edmund W.

Corlles,

W. H. H. Moore,
James Low,
David Lane,
Gordon W. Bumham,
A. A. Raven,

Charles D. Leverich,
Thomas B. Coddington,
Horace K. Thurber,
William Degroot,

'.h&rles F. Bard?t*.

T.
C. P.

E. Hawley.

A. A.

RAVEH,

Ifl

Fralkioh, Seo'y. A. Wheelwright,
GEO. U. BUHFOBD, Actuary.

1883.

Paym'ts to Policy-holders
for Death Claims, Endowments. Annuities, Surrenders and Dividends

New Insurance Written
Insurance In force

2d Vloe-Prealdeot

Vice-President

York.

President.
Ass't Sef

Comparison of Business.

William D. Morgan,
Isaac Bell.

MOORE,

BROSNAN,

GOOD

Bliss,

JOHN D. JONES, President,
CHARLES DENNIS, Vice-President
W. H. H.

H.

AirPoilcles henceforth Issued are Incontestable
for any cause after three years.
.,.,.„„,„
Death Claims paid at once as soon as satisfuotorj
tToofs are received at the Home Offlce.
,,,„.,
Absolute security, combined with the laruost 1 berof this ( o.
ality. assures the popularity and success
All form of Tontine Policies Issued.
AGKNTS, desiring to "-eprese"' '^e ComGAftMBV,
§any. are invited to address J. 8.
nperintendent of Auencles, at Home Office.

L. Rlker,

Henry

1850.)

All the proflts belong to the policy-holders ex-

N. Denton Smith,

George

States Life

(ORGANIZED IN

John Elliott,
James G. De Forest,

John

f 2,293,674 63

& 263 Broadway, New

261, 262

Robt. B. Mlnturn,
Charles H. Marshall,
William Bryce,

Horace Gray,
WUllam E. Dodge,
William H. Maoy,
C. A. Hand,
John D. Hewlett,
WUllam H. Webb,

(viz..

Insurance Co.
THE CITY OF NEW YORK,

IN

Adolphe Lemoyne,

Ben.liimin H. Field,
Josiah O. Low,

8.752,378 07

Secretary.

TRUSTEES:
D. Jones,
Charles Dennis,

110,9,59 95

.¥11,016,052 70

.

The United
J.

147,595 1 5
3,547,006 62

—

niissiou

Loans on stocks and bonds
(Maaket value of tbe securi-

Surplus by above standard,
Amer. Ex. l^apercent)

order of the Board.

Wm. Sturgls,

IN

taxes,

ical departraenT,

2,005,100 00

otherwise
Real Estate and Claims due the
Company, estimated at
Premium Notes and Bills Re-

PINB STREET,

11

182,909 26

policies
salaries, office

agency, real escomniist a t e

by Stocks and

Amount

of

*660.284 83
274.520 61

Paid

$8,776,685 00

otherStocks
Lioans secured

'lash in

annuities

Paid dividends ....
Paid ourchased

&

No.

2,035,530 SO

. .

$12,462,033 73

endowments and payment
$2,109,919 20

The Company has the following Assets,
Dnited States and State of New
York Stock, City, Bank and

Flagg,
Duncan Building, Cor. Nassau & Pine Sts,
ENTRANCE

$10.426,.i0S 43
.

DISBURSEMENTS.

same

A DIVTDEND OP FORTY PER CENT !

.

Reed

GROWTH OF THE COMPANY.
Net Assets, Dec. 31, 1883
Income Accounts, year 1 884

$4,066,271 04

1884

Returns of Premiums and Expenses

MORTGAGE LOANS

elrcnlar.

STEBBIN8.

8. N.

Total

r-elvaole

Offers to investors the best .securities In the market.

FIRST

Actnary,

off ti'om 1st

Losses paid during the
period

Illinois

I nVeStmeiHS. proved city

FarmMortgage

WEMPLE.

Secretary, H. Y.

Paid claims by death, matured

Collections 'ceson day paid.

TOE

STOKES.

January, 1884, to Slst Decem-

Special attention given to
Collections and Remittan-

.

$5,405,796 14

Pres't.

Minneapolis, Minn.

»-«Tri=.r«-m*»T-i<-e

.....

HENRY

President,

First Vice-President, J. L. HAI.SEY,
Second Vice-President, H. B. STOKES,

Ist January, 1884, to Slst De$3,9.'i8,039 44
cember, 1884
Premiums on Policies not marked
1,447,756 70
ofllst January, 1884

Refer to

GiLHAN, Son a Co., Bankers, N. Y. City,
Merchants' National Bank, Chicago,

on the 3 1st December, 1884:
on Marine Risks Irom

of Its aflairs

Choice first mortgages In the best FarminK Districts
In Iowa, Missouri, Kansas and Nebraska. Interest
paid at your own home in N. Y. Exchange. Twelve
years' experience in loaning for Private Investors
and Trust Funds. Send for circular giving full particulars as to loans, references, etc. Interest from
date of receipt of money.

Norton,

1850.

NEW YOKK, January 24, 1885.

NEGOTIATED BY THE
First National Bank, Corning, Iowa.

C.

OF IVEW TORK,
Nos. 156 & 15§ BroadwH}.

Mutual Insurance Co.,

DES mOINBS, IOWA.
Prompt and
pondence.

Insurance Comp'y

Life

Cashier.

Merchants' Nat'l Bank,
Capital,

MANHATTAN

ATLANTIC

CAPITAI, *150,0«0.
carefully selected Iowa and Eastern Kansas

INCORPOKATED.
Offers

%nBnxnnct.

Jtisttrauct.

Farm Mortgages. Interest B to 8 per cent. Security
three (3) times amount of Loan. Also for sale 6 per
cent Debenture Bonds, secured by three (3) times
their face value In Guaranteed Iowa Mortgages. All
security personally inspected. For paiticulars or
ENGLAND MORTreferences address the
GAGE * INVESTMENT CO.. DE8 MOINES, Iowa.

Vol. XL.

I

.

.

.

18S4.

I

..„„„„

««Qfii.Qifl

^^{^fj^, lISTk"^'

.«^^^.|}1,^

«f;-eM^

»17,167,105 00 «19,78»,(Al 00

Interest due and unpaid un Total Assets. DeceioI

beriSl, 1881,

NONE.

,

I

'

.
.
.

. .

Jamdaht

;

THE CHRONICLK

81, 1885.]

lutcvcst, piviacnAs,

ItiBtivattCje.

STATEMENT
The Mutual

Company

Life Insurance

WINSTON,

F. S.

year

S'or the

etidlitg

WA\

'

or

4'0.-nFAKV,

OFFICIO OF TIIK HKOUICTARY,

^

New

of

York,

The

M(i\turai., Jnri. '4H, IHWi,
tialf-yi'nrly dlvldtrnd npuii rtir f-npitii 4it.,rj( .,

tlilH conipHity, ut llio rut«
|>er iiimiini, «iTiir«Ml urnW-r

President.

orriiiifiii.

Dvetinber 3ist, iHS4*

AMET*

Stc.

It

<•!'

t

)i(v 1)11

8ii(n>leiut'rit,!iry

TWO

111

of 'Cir:
itKrc

1

:

.

hi Ion of Can.'

liitert'tit

divl

j

:

('Kit CKNT imr annum, flpany, loftethur forming u liulf-y<
stork lit. tli« rate of HIV
r
annum, will he piihi on Kchruary i«, i-^-ri. to utoclthotil<;r!< ol rocord on itnil. <lnle.
for thl-i divldond. pnTaMe at tbo ncrenrr
VVtirniiilH
of the HanJc of .Montreal, G« Wall Htrc^' n..* Vrrir,
will ho delivered on and after Keb.
offlco of the eompany's agents, Mannrn.
V

•10S,8T«,tT8.61

;

Httid

Annuity- Aooount.
Ann.
Payments.

No.

Ann.
Paymenta.

Ko.

I

,

"

'.'•'

.'

Annuities In force, Jan.
IPt I'HI
Prcinfiiiii Annuities....

AuuuiUgs

TOD *

Anntillfc!) In force, Jan.
$23.1.'» SI

0.

8,l!74 91)

U7m

5

Li8UQ<l

70

1st,

Annuities...
Auuuities TernUuuted..

hiddprs

63
44
90

2.9iVl
l.OUil

128,505 97

CC

tSUMl

81

IS!*.')

Premium

London,

Amount.

By
110,99.0

11,194

a4,tJ75,989

$377,622,021

Assumed

1st,

ii-sr)

To Balance from

last account.
" Prcmiunis vo'tI\ od

$<M,<I72,108 86
13,(«0,238 43

..
.

.

EUJis Terminated

$.377,022,021

25,8.32,738

*'

**

^

$7,717,275 82

)

»i

n

25,926 08
,3,141,164 12

Surrendered Policies and
Additions
Total paid Poiicy-holders— $l3,92;i,0B2 19

3,0.37,696 17

.

(

1

tommi9.sioii9.

I
(

(payment

of current and extinsrulsliment of future)..
Premium cliarged off on
Securities Purcha.sed.

907,646 19
1,131,172
243,169
872,263
97,009,913

.

Taxes and Assessments.
Expenses
Balance to New Account
.

((
'*

**

Balance Sheet.

To Reserve

at four per cent
" Claims liy tii.r.rh not yet due..
" Premiums paid in advance.
" Sui-plus and Contingent Guaranicc I'^und

$98.242,.543 CO

80>,3S7 00
87,477 36

.

4,743,771 15

•^^^

33
61
87

08

$114,067,427 27

$114,007,427 27

nr.

Cr.

By Bonds Secured by Mortgages
$16,978,527 96
on Real Estate
" United States and other Bonds 34,522,822 00
" Loans on Collaterals
0,898,.387 60

" HealEstalo
" Cash in Banks and Trust Companies at interest
" Interest accrued
" Premiums deferred, quarterly

NOTE -If the New York

2.',

1M84.

i

& NOKTHEKIV PACIFIC
ST. PAITl. COMPANy.
KAILWAY

NEW YonK, January 20. 1885.
General Mortgage Sl.X PEK CENT coupons of this
company, maturinK Feb. 1 pro.v., wili be paid on and
after that date at the baukine house of Messrs. Winslow, Lanier & Co., 20 Nns^au t^t.. New York City.
The QUAllTKKLY INTKKKS T, due Veb. 1, upon
the reRistered bond certificates will bo transmitted
at maturity to holders of record Jan. 2(1 inst., from
which date until Feb. I inclusive, the transfer books
will be closed.
GEO. 8. JO.vES,
Tre asurer.

138,714 61
37,314 14

$103,876,178 51

$103,870,178 51

PAULA NOUTH-

CHAKLEMAGNE TOWER.) .^.„^
vrustees.
WILLIAM S. LANK.

2.644,9? 8 54
1,262,418 54

for December
" Suspense Account

UAILWAV

OCTOBElt

10,282,693 04

" Prcmium.s in transit, principally

over Sri 000

{now ST.

U1-'

\

DiTidotids

DRINKWATBR. Secretary.

I'ACll-lC
COMPANY.)
Notice Is hereby ^tven that the undersigned, the
trustees under the mortgaKo dated May 1, 1881,
made by said company to ua, to secure an Issue of
HO bonds of fl.fXJO each, all of that date, have designated, iind we hereby call in, for redemption, as provided In the niorttra^e, all the outstandinif bonds of
said issue, naiuely, bunds numbered as follows;
15
36
7S
99
120
IB
37
79
100
121
44
17
80
101
122
IH
43
81
1Q2
123
10
4U
82
101
124
47
20
83
lot
12S
i!l
48
84
105
12ft
22
49
l(i6
85
127
23
SO
86
107
128
24
01
87
108
129
25
62
88
109
130
28
53
89
110
131
27
54
to
111
132
28
66
91
112
133
29
57
92
113
134
«()
68
03
185
114
»l
69
94
115
136
32
60
95
116
S3
^S
96
117
76
97
Si
118
85
77
98
119
Beln^ one hundred and one (101) bonds of $1,000
each.
The said bonds must be presented and delivered to
Messrs. Winslow, Lanier & Co.. bankers, 26 Na»saa
Street, New York City, for account of the undersigned trustees, on or before the first day of May,
1885. The interest on any bond not delivered by
that day shall thencetorth wholly cease.

$3,228,820 a3
2,490,451 C9

Cliilms

Matured Kiulowmonts....
J Total cluims—
Annuities

..

C.

EKN

Cr.

By paid Death

5,245.059 98

..

order of the Board.

WKSTERIV RAIIiROAD COMPvlNY
'V
MINNKSOTA

$3.'ii.78n,2a's

Revenue Account.

is

Entrlanrl.

_

114 801
7,380

123,184

$3)2.916 033

120,181

RlskK

^-

on the Montreal or Acw

18, 1885.

force, Jon.

Policies in

Policies In force, Jan.
1st, l.vtl

<

Y.

Tlio transfer books of the company will be reopened at 10 u'cluck A. M. on Wednesday. Kebmary

Amount.

No.

reKi»torcd

New

Wur'nnts of European shareholders who are on
the London llefclster will be payable InstorltnKat
the rate of four HlilillnjiH and one penny halfpenny
(4s. l^d.) per dollar, lews income tax, and will bfl
delivered on or about t ho same dnto at the office of
Mesnrs. Morton, Hose ^ Co.. Bartholomew Lane.

Ineuranoo Account.
No.

who jiro

rttn;et.

V(»rk UfKl-ter.

tS8.Ses9T

OS

William

Co..fi;j

Standard of four and a half per cent. Interest be used, the Surplus

THE ST. PAUIi ITIINN£APOI<IS
MANITOBA KAILWAY COMPANY,

0.10.

ic

J-

From the SurpUis.

as appears in the Balance Sheet, a dividend will be apportioned to each participating- Foiicy which shall be in force at its anniversary in l^j^5.

No.

<13

William Mthket.

)

NKW Yohk. Jan. 12. 1885.
The directors of this company have declared a
QUAHTEHLY IJIVIDKNU of ONE AND ONEHALF PKK CENT on the capital sto<;k of the com5

Assets

$103,876,173.51

New York,

January 21,

1S83.

panv, payable at this office on and after February 2,
1885. to stockholders of record on that date.
The stock transfer books will be closed at 3 o'clock
P. M., Jan. 17, IfiH.'J, and will be re-opened at 10 o'clock
A. M. on Feb. 3. 1885.
JOHN S. KENNEDY, Vice-President

BOAUD OP TUU8TEE8.
Frederick

S,

Hermann

Winston,

C. von Post,

Geokge C. Richakixson
Alexander H. Rice,
William F. Babcock,
F. Katchford Starr,

Saml'el E. Spkoulls,
Ll'CU's Rob:nson,

Samuel D. Babcuck,
George S. Coa,
John E, Develin,
Sevmour L. Hi^sted,
Richard A. McCukdy,
Jambs C. Holuen,

Ekeijerick H. Cossitt,

Lewis May,
Oliver Harriman,

John H. Sherwood,
CJeorce H, Andrews,
Robert Olvphant,
George F. Baker,
Benj. B. Sherman,
ios. Thompson,
tUDLEY OlCOTT,

Anson Stager,
Frederic Cromwell,

Henry W. Smith.

JiLiBN T, Davies,
Robert Sbwell,

Van Rensselaer Cruger
Charles R. Henderson,
S.

George

.

AinEKIC.\N LOAN & TKUST COIH-

Bliss,

PANY,

Rufus W. Peckham,
p. Dixon,
J, Hobart Hbrrick.

A

OFFICE:
COMPANY'S BUILDING,

^nctian

Nassau,

Cedar and

Liberty

BUOADWAV,

Dividend of

poupoNS OF the: kochkstkr

Streets.

be paid on and after February
of this city.

2,

at the

and

BONDS

BALES

STOCKS

REQULAK AUCTION

Bailey,

V^GAGK
BlIKti

House

of
Building),

IN

INSURANCE STOCKS

.

Cash paid at once for the abore aecnritlei or they
I be told on oommlssion at leUer's option.
;

State "f Iniliana, Is closing up its affairs, Itscorporate
existence having expiretl at close uf business on iho
day of January, lH8o. All note-holders and
others, creditors uf said Association, are therefore
hereby nutitled to present the notes and other claims
against the Assnciati^in for payment.
J. D. BONl), Cashier.
Dated Jan. aii, IHK).

wli

'24th

WEDNESDAYS AND SATURDATB.

ADRIAN
7

CHAS BAB BIDGE. Treasurer.

\fAYNE
NOTICE.—THE FORTFort Wayne, inNAthe
TIONAL BANK, located at

ON

No.

& SAN ANTONIO RAILWAY COMPANY.
1, 1K85, will be paid at the Banking
SPEYER & CO., 21 Broad Street (Mills
New York.

due Fei»ruary

A SPECIALTY.

BONDS

Treasurer.

OF
pOUPONS DS of THE FIRST MORTBONl
the GALVESTON UARRIS-

PINE STREET.
DKAUNOa

Of all classes of

A!VD

S.
T

At Auction.
The Undersigned hold

E.

Union Trust

Company

FRED. A BROWN,

STOCKS

&.

^''PITTSBUKG RAILROAD COMPANY'S FIRST
MORTGAGE BONDS, maturing February Ist, will

^pjecial Snxrjestmeuts.

S^nlts.

113

New York. Jan. 8, 1885.
THREE PER CENT on the capital
stock of this company has been declared, payable on
and after January 31, 1885, at the office of the company. Transfer books close January 21, at 3 P. M.,
and open on the morning of the nA of February.
W. D. SNOW, Se cretary,

Wm.

H. ItlUI^LER
PINE STREET. NEW

&

SON,

YORK".

H.

L. Grant,

No. 145 IIROADIVAV,

NEW YORK.
NOTICE.—THE FIRSTat NATIONAL
Kokomo, In the
KOKoMtJ. located
BANK Of K(
t
its
Indiana,
CITY RAILROAD STOCKS & BONDS Stlte ofand otherisckisingui> saidaffairs; all noteAssociation are,
creditors of
L holders
Ji.^

FOR HALE.— Timber and Mineral Lands. Farms
Kanclies, Winter Homes,
Southern States
in ull

in Mexico. Colonies located.
W. U. STUAHT,
'vand Agent, 03 Carondelet St., New Orleans, La.

>nd

I

BOUGHT AND

SOLD,

I

1

See Qnotations of City Railroads In this paper.

therefore, hereby notitled to present the notes and
other claims against tte Association for nayment.
C. A. JAY, CasUer.
D ited Jan. 1, 1885.

^^^

—

THE CHRONICLE

va

%nUvt3t, gini&m&Sf Stc,
rPHE INTEREST ON THE FOL,I-0\»'banking house of

.

-•

ING bonds

at the

piiyable

is

LANIKU & CO., corner of IvasStreets, New i'ork City, on and after

/Messrs. VVINSl.OVV,

sau and Cedar
ebruary 1, 1886
!nluni'oas & Toledo Railroad
y^.i^t 5lortKaRe78

'

Lawrence

Uailr<)ad

Company—

Company-

First M(>rt{,'aKe 78.
I.
Lawrenccburg, IndianaMunicipal 7s.

Marietta, IJhio

Mar. &Cin. Aid

8s.

New York Locomotive WorksFirst Morticage 6s.
Pitts. Fort Wayne & Chicago Railway CompanyFirst Mortgage 78, Series "B."
Second Mortgage 7s, Series "H."
Randolph County. IndianaGravel Koad Gs.
Rock Island, Illinois-

Water Works 5s.

St.

|

:

Paul & Northern Pacific Railway
Mortgage 6s.

FEBRUARY

Howard

Company-

II.

County, Indiana--

Gravel Road

6s.

FEBRUARY

12.

Centrevllle, Indiana-

Town 6s.

:FEBKUARY

15.

Hamilton County, IndianaGravel Road 63.

FEBRUARY

16.

Kirklin. Indiana-

School
Gallipolls,

7s.

Ohio-

Municipal

FEBRUARY

S!5.

^fiuaticial.

&

St. Joseph
RAIIiROAD COMPANIT,
Proposals for Six Per Cent Bands.

Tnis Company has for sale $3,000,000 of its ConsoU _
dated Mortgage Sir Per Cent Bonds, due March 1,
1911, which are a part of an issue limited to $8,000.000. of which $3,000,000 have already been Issuedand the remaining $5,000,000 can be used only upon
the redemption of an equal amount of bonds secured
by prior mortgages. The proceeds of the bonds now
offerred for sale are to be used towards the payment
and retirement of the Company's Eight Per Cent
MortgiMje Bonds, maturlnji March 1, 1885, of which
there are about $8,700,000 outstanding.
Upon the payment of the bonds due March 1, 18S5,
the Consolidated Mortgage Bonds will become a First
Mortgage upon the wlioleiiSa miles of railroad, and
all other property of the company, subject only to
prior liens on the Kansas City & Cameron and Quincy
& Palmyra branches, together 66>^ miles In length
and upon which there are $1,585,000 bonds issued and
outstanding, against which an equal amount of
Consolidated Sixes is hold in reservo by the trustee.
Sealed proposals for the purchase of the whole or
any part of $3,000,003 Consolidated Mortgage Six Per

Cent BoEds of this company are Invited

8s.

[Vol. XL.

^tttatxjcial.

Hannibal

till

Thurs-

5, 1885, at 12 o'clock, M., when the bids will
be opened and the accepted bids declared.
The terms upon which the above bonds are offered
date.
are as follows
A deposit of $50 per bond on the bonds awarded
PUI-l.niAIV'S
CAR COMPANY', CmrAGO, dan. 80, 1885.
will be required upon notice of the acceptance of
IJIVIUKNO No. 72.
bids. This deposit may be made either in cash or in
(8)
Theusual QUARTERLY DIVIDEND of
PER CENT on the capital stock of this company llaunibal & St. Joseph Railroad Company Biifht Per
from net earnings has been declared, payable Feb. Cent Bonds. If the deposit is made in cash, interest
16, 1885, to stockholders of record at close of business Feb. 2. 1886. Transfer books close Feb. 2 and will bo allowed on sxch deposit at the rate of four
re-open Feb. 17, 1885.
per cent per annum to March 1, 1885.
A. S. WB1N8HEIMBB, Secretary.
All payments will be due March 1, 1885. and the
bonds will draw interest from that date, but the opOHIO & SOUTHWESTERN RR. COMl'ANY'S tion Is given to defer the payment of the whole or
FIRST MORTGAGE BONOS, and of the I'ADUCAH & ELIZAHKTHTOWN RR. COMPANY, due any part of the purchase money for a period not exFebruary 1, 1ks5, will be paid at the office of the ceeding sixty days from March 1, 1885. Accrued
Company, Mills Building, 23 Broad Street, New York. coupon interest on the bonds, from March 1 until
I. E. GATES, Treasujer
paid for, will be charged where payments are deferred
Prepayments may be made in cash, or in Hannibal &
REPUBLIC, New Youk, ,lan. 30, 1886.— The
Board of Directors have this day doctored a divi- St. Joseph Railroad Company Eight Per Cent Bonds,
dend of (8) THREE PERCENT, free of taxes, pay- at the face value of bond and March 1 coupon, for
able on a .d after Mondav, February W. 1HH5. until which,
after examination of the Eight Per Cent
which date the transfer books will be closed.
E. II. I'Ul.I.KN, Cashier.
Bonds, at Boston, the Six Per Cent Bonds will be deThe provisions of the
livered as rapidly as possible
Consolidated Mortgage prohibit the trustee from
Ilfittaucial.
certifying Six Per Cent Bonds, except upon the surrender and cancellation of an equal amount of Eight
Per Cent Bonds. In lieu of any part of the bonds
which cannot be delivered Immediately, the com115 Broadway, New York.
pany will issue its receipt, agreeing to deliver the
7 A2fD 8 PER CENT FARM MORTOAOBS.
bonds as soon as they can be obtained from the trusWould-be invent^ora eccasionally express surprise that tee. In which little or no delay Is anticipated.
we arg able to safely conduct the hiislness of viortaaue
Payments will bo received and bonds delivered
loans upon improved furms located oiic thtmsand or
more viiles distant. This is a business we have fol- either at the National Bank of Commerce, New
lowed all our lives. We commenced over thirty years
York, or at the office of the Chicago Burlington &
<no til a small way in Iowa. As our loans increased
Quincy Railroad Company. In Boston, Mass.
inpublic favor we grad'ially extended the field. During
all these years we liaise accwmulated such a fund of inProposals should be addressed to C. K. Perkins,
formaiion regarding tiie laws, lands and people of our
President Hannibal & St. Joseph Railroid Company,
agricultural States as enables us to nerjo^i'ite as safely
upon famu fifteen hundred miles from Netv York as to Boston, Mass., and endorsed '* Proposal to Purchase
make a call loan with usual margin in Wall Street, Hannibal & St. Joseph Six Per Cent Bonds."
^his statement is based upon our record of past transactions, and persons having funds which they wish to • The comi)any reserves the right to reject any or all
invest for a term ofymrs where there is abundant securPer order of the Board,
bids.
ity and handsome returns should, in their own interest,
Vf. J. LADD, Secretary.
call upon -us for i}iformaiion concerning the advantages
of titese loans.
Boston*, January 26, 1885.

day, Feb.

Oolumbus, Indiana—
Bonds Nos. 3, 6 and
payable July

1,

,

,

7,

1885.

Series "A," called and
Interest ceases on that

PAI.ACE

OFFICE OF

TWO

COUPONS OF THE CHESAPEAKE

HE NATIONAL BANK OF THE

The Corbin Banking Co.

Manhattanville & Proposals for Water Bonds
Nicholas Av. Ry. Go's 6 Per Cent Five-Twenty Year Bonds.

4-2(1 St.

St.

First Mortgage 6 Per Cent Bonds.
Due 1010. Interest March and September.
Union Trust Company, Trustee.
Total authorized issue, 11,200,000

BOUGHT AND
J. B.

McGEORGE,

SOLD.

20 Broad

St.,

N. H.

Car Trust Bonds,
WK MAKE

A SPECIALTY OF THESE VERT
BAFK SECURITIES, AND BUT AND SELL SAMB

AT MARKET

PRICE.

WK OFFER A LIMITED AMOUNT OF DB8IB
ABLE CAR TRUST ISSUES, ADDITIONALLT
BBCURED BY THE DIRECT OBLIGATION OF
TH« RAILROAD E QUIP MEKT COMPAWY.

POST, MARTIHf
No. 34

&

CO.,

ELIZA 1ii-:tH, N.

Fabius M. Clarke,
ATTORNEY AT LAW^,

TOP£KA, KAKSAS.
Commercial ond corporation law and municipal
bonds, Bpeclaltiea.

Rkferknces: Hon. D.

Brewer, U. P. Circuit
Judge; Corbin BankltiK Co., New York; Eastern
BanKtnR Co. and Gen. I- A. Osborn, Boston, and the
Bank of Topeka, Topeka. Kansas, i
^^
J.

.

,

TO THE BONDHOLDERS OF THE
EAST TE.NiNESSEE VIRGINIA &
GEORGIA RAILROAD CO.
The undernigned, appointed a committee to
aid in carrjing o\it the FuiidiuR Plan recommended by the Board of Directors of the E. T.
V. & G. K. R. Co. at its niccfiig on Dec. 30,
1851. respectfully aubmit t\n following extract
and recommendations from said plan
Interest due and estimated deficit
for 1885 and 1886
$1,2.10,000
1,000,000
Amount required for betterments.
:

Total
$2,230,000
To secure this amount it was recouimeuded
I. That I bo holders of tlie consolidated 5 jier
cent bonds be asked to fund four coupons,
beiug those maturing January and July Ist,
July Ut, 1886, by
188.'', and Jamiay and
depositing said four coujions with the Central Trust Company of New York, as trustee, and receiving instead the Company's funded
coupon bond dated July 1st. 1885, and bearing
six per cent interest per annum fi'om that date,
payable semi-annually on tlie lirst days of January and July iu each year, wliicU liond shall
run ten years from its date, and be redeemable
at tlie pleasure of the Company at par and
accrued interest, after tliree years, on three
months' notice such funded coupon bond to be
secured by tlie coupons so deposited, the lion of
which will be in all respects preserved.
II. That the holders of the $'2,0 J0,000 of the
Cincinnati & Georgia Division 1st mortgage six
per cent bonds be asked to fund four ctnipons,
by deijositiue with the Central Trust Company
of Now York, as trustee, said four coupons,
being those maturing March and September 1,
1885, and March anil September l,lS8(i, and
;

a funded coupon bond
based on and securel by such coupons, which
bond shall be dated September I, 1885, and
boar six per cent interest from said date,
payable Bemi-annually on the first days of
Mitrch and iSeptember in each year, and be payable in ten years from date, or, at the option of
the company— at par and matured interestalter three years, on three months' notice.
III. That the holders of the debentures be
asked to extend for ten years such of the debentures as fall due during the years 1885 and
1880, and to accept similar debentures, running from five to ten years, for the interest on
tlieii' debeiiture.% falling due during the years
18S5 and 1886.
IV. That an arrangement be made with the
bobiers of the Car Trust Certitlcates of the
Company, Series A, for an extension for ten
years of ali payments of primripal tailing due
in 1885 and ISfiG, being $100,000 in each year.
$2,800,600
Total amount extended
(The divisional bonds of the company maturing duiing 1885, 1886 and 1887 will be provideti for by issue of sullicient Ss of 1880.
Bondholders who assent to the proposed plan
are requested to signify such assent to the East
Tennessee- Vii'ginia & Georgia Funding Committee, Uoom No. '27, Ko. 110 Broadway, where a
member of the committee will be ready at any
tinie to give any further explanation or inforaeceiiting in lieu tliereof

•

mation desired.

When

number

the requisite

of bondholders

have given their assent to the plan, notice will
be given of the time and place where bondholders may jiresent their coupons for exchange
into the funded coupon bonds.

SAMUEL SIIKTHAK,)
GEO. K. SHELDON > Funding Committee.
LYM.W, S
New York, December 30,

E. H. E.

Fifth

1881.'

Avenue

HOTEL,
mailison Square,

IVEW YORK.

The Largest, Best Appointed and Most Liberally
Managed Uotel in the City, with the Most Central
and Delightful Location.

Proposals are desired in whole or in part for the
Five Per Cent Five-Twenty Year Funded Debt Bonds
of the ELIZABETH WATER CO.-whloh was chartered in 1854, and is in no way connected with the
City Government of Elizabeth or its indebtedness.
The whole issue of bonds to be 1400,000— In the denomination of 11,000. The object of this loan is to
fund at a lower rate of interest the entire indebtedness of the Company, upon which seven per cent has
been promptly paid for the i)aat thirty years. The
stock of this Company is paying eight per cent.
The Mortgage to secure this loan will be made to
the Farmers' Loan & Trust Company, as Trustees.
Sealed proposals to be sent to R. G. Holston, President of the Farmers' Loan &, Trust Company of New
York, to whom bidders are referred for particulars.
Bids must be presented on or before February kSth
The Company reserves the right to refuse any
lu-ox
or all bids.

FINE STREET.

JOSEPH BATTIN,
J.,

,Ianuary 23, 1885.

STEEL

HITCUCOCK, DARLING &

Groesbeck

&

CO.

Schley,

MEMBEKH NEW YORK STOCK EXCHANGE
26 BROAD ST., NEAV IfORK.
Private Wii'e connection with PhlladeU>hla,
Baltimore and Wasblngton.

&

Spencer Trask
Bankers,
Nos. 16 AND 18

Co.,

Begad Steeet,

President.

JOSEPH GILLOTT'S
PEIVS.

ALL DEALERS THHODQHOUT THE
WORLD.
Gold Medal Paris Exposition— 1878,
Sold by

;

Frmisact a Qeneral Banking Business

Branch Offices:
Connected by Private Wire).

South Third Street.
Albany, N. Y., 65 State Street.
Providence, R. I., 13 Westminster St.
Pliiladelphia, 183

Saratoga, N. Y.,

Grand Union HoteL

xmtlti
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATED
ISnterod ooconllng to act of Ooagress, In tbe year 1885, by

VOL.

Wm.

roiul

Ketnrns of tbe Banlcg of

IJH

13t!

138

Oommereial and MiBcellannoua

Ruil-

1S4

Onr Trade 81iowin« tor 1884.
Supply and Conguinp.

Orcat Britain

Cottiin

Kniojie

English

News

I

NO.

1885.

1,023.

value of $30,307,000 and $147,000,000 respectively in the two
and if we deduct double these values from the total
143 clearings we
havo remaining $396,036,358 and $424,933,780 as
the exchanges otherwise arising, or a decline of 30' 1 per cent,
years,

3;hc C!rkr0utclc.
New York. N. Y

..

against a loss January 17 of 41-3 per cent.

as «eoond-<ilae8 mail matter.

TERMS OF SUBSCRIPTION-PAYABLE

IN

ADVANCE

I

i

For One Year (iniludinK pontage)

$10 30
ForSix Mouths
do
CIO
Annual subsonptlon In London (iDcludlng postage)
£2 7s.
Sixmos.
do
do
do
*1 Ss.
Ihese priees Include the Investors' Supvlement, Issued once in two
ujonths. and furnished without extra charge to subscribers of the
Chiioniclk.
Subscriptions will be continued untU deSnitely ordered to be stopped.
The publl-hers oanuot be responsible for remittances unless made by
Drafts or Poat-Otllce Money Orders.
A neat llle cover is funilsheil at .^0 cents: postage on the same is 18
oeuts. Volumes bound tor siibseribera at SI 00.

Ofllcen in
ottlce of

the Commkkcivi.

England.

anu

Fina.ncivi, Chhonici.e in London
Is with Messrs. Euwakds
i«Mirii, 1 Drapers' Gardens, E. C. where
•ubscrlptlniis and ailvertlseuients will be taken at the regular rates.
and sln);le copies of the paper supplied at Is. each.
Tlie ottloo of the Chkoniclk in IJverpool is at
15, Exchange

A

•

Bnlldings.

WILLIAM B DANA
AM
JOHN o Fi OY D
"

>

WIIHAM

f

'»

*

B

B. DANA dc Co., Publlsliera,
81 Wllllaiu Street,
YORK.
Post Office Box

>

NEW
!t58.

page 139 will be found the detailed returns of the

Banks of the Dominion of Canada for Dec. 31, furnished us
by the Deputy Minister of Finauce, Mr. J. M. Courtney. The
returns for June 30 were published in the Chronicle of Aug.
3 on page 113 and those for April 30 in the issue of May 31, on
page 636.

cent on January 17. The details for the differpresented in our usual form are as follows.

O'l per

loss of

ent

cities

Week Ending January
188S.

New York
Halts

Hflo.fMo.gaa

34.

IBM.
$718,923,780

-84-6

shti^es.)

(1,473,019)

(2,412,362;

(-38-9)

-84-5

$524,875,461
(1,842,341)

(-24-6)

balfs.)

(3l-.3,100)

(383,100)

(-76)

(2iM,900;

(Qrain. .bushels)
(Petrol€um..bbU.)

(3(5,762,800)

(87,081,000)

(37.071,000)

(-378)
(-201)

(39,326,000)

(75,383,000)

(-0-8!
(—17-8)

(45,179.000)

(-6«-3)

$64,271,531

164,190,561

+01

$69,010,086

4.i;67,500

4,624,800
1,4!M,446

-7-7
+8-4
+14-4

+3-8
-22-3
-l«-4
-5-6
-19-7
-7-8
-19-0
+B-a

(Oiytton
.

Boston
Providence
Hartford

1,483,895
1,208,347

New Haven

9.37,068

.\.

Total Middle..
Chtoajfo

Cincinnati

»74,095,063l

$51,103,723
9,982,736
.

$73,424,279

—141

$38,325,4521

England

Philadelphia
PIttsburu
Baltimore

tra,9«2,S80

$63.0W,888i

Lowell

635,668
734,610
527,726

t43,:«a,428
7,283,189
12,400.271

Springflold

1,055,949
K91,404

624,180
712,415
487,447

Portland
Worcester

$30,098,974
8,800,550

—20
-23
+17-4

8,602,4501

ia,327,820j

840,471

788,781
756,850:

-13-3
-0-2

$78.73.3, iTo

+o-a

-15-2
-26-7
+0-6

$46,600,218
6.717,053
14,886,146

-22-9
—40-3
-8-4

,!,938,0i9

2,243,899

-60

1,234,349!

1,782,174

-,'!0-7

l,748.30a|

1,716,536

1,247.920

,

;

New Orleans
18W, and consequently the present comparison is slightly Louisville
January 17. In the present year the lesser Kansas City
volume is in some measure due to the severe weather that pre- Memphis
Total Southern.,
vailed during the period which our statement covers, and the
same is most likely true, but to a less extent, of last year. The San Francisco
Total all
aggregates are $710,680,9.55 for this year and $974,951,689 a
better than that of

1,219,371

-30

2,109,609j

Cleveland

1,762,921

+51

3,449.435{

attracts attention

4,14,5,100

-1-8

Milwaukee

feature of the present statement of clearings which
Columbus
is that the figures in both years fall behind Peoria
those for the preceJing week this is true of all the cities repTotal Western..
resented in our table, with the exception only of Portland and St. Louis
Pittsburg for 1885. This decline, however, was greatest in St. Josepli
first

17.

Percent

1885.

Detroit
Indianapolis

CLEARING HOUSE RETURNS.

Wefk EnUnn Jan.

o/—

(Stocks

Total

—On

The

1,

Outside of New York the week's total i8$241,140,697,again8t
CoHUEBCiAL AND FINANCIAL Chboniclb U published in
Nev) York every Saturday morning.
$356,037,909 in 1884, or a falling off of 6-3 per cent, against a

Entered at the Post OOloe.

The

3

Concern, Washington, D. O-l

142

News

n

In tbe oinoo of the Librarian of

Ck>.,

compare more favorably with a year ago than last
week, but the South has fallen off.
The total exchanges at New York are 1469,540,358, against
the
De$718,923,780 in 1884, or a loss this year of 34-« per cent. Trans139
139 actions in shares on the Stock Exchange have reached a market

Dominion of Canada for
cember 31l 1884
In 1884
Monetary
and Comnierolal

13<!

KedutlnR

l{iiti-i

lloii lu

<l!

sections

THE CHRONirLE.
Cleurliig-Bonse Retiirnii
FiniiiH'lal Situation

The

In

Dana

SATURDAY, JANUARY

40.

CONTENTS
Dlfflcnlty

B.

$88,203,417!

^^2i^
-81

$44,207,070
10.144,750|

-0-3

4.212,3I4J

+22«

l,48l,498|

-8-7
-17-6
-6-3
-7-4
-90-2

+1-9

2.000,5lH

1,;127,443

-60

1,301,054

601.317

884,604

—21-8

779,842

$57,408,884

$58,792,109

-24

$86,705,168

-6-9

$14,588,585
582,375

-9-4
-14-9
-16-7

1,430,101

i,:i:)0,837

-12-4
-21-2
-22-7
+5-8
+86-3
+7-8

$16,193,289
702,612

4,071,203
4,140,787

$10,659,930
738,642
13,518,062
3,866,762
2,648,059

$35,205,817

$.38,762,292

-90

$11,438,722

$10,854,160

+4-4

$710,680,955!

$974,851,689

10,452,783

12,955,437
4,,W7,451

-flO-6

4,328,826

+29-9
+19-9

1,819,436

$40,637,050
$12,830,5If,

$792,881,709

-27-7

year ago, or a decline of 37-1 per cent. Last week the totals
The returns received by telegraph from some of the leading
for the two years were $793,884,709 and $1,096,778,817 reRjwc- cities for the five days make a less satisfactory exhibit
than
tively, and represented a falling off of 37-7 per cent.
Fifteen on January 33. The figures for New York show a decline
cities show an improvement in percentage over January
17; of from the previous five days of $60,000,000, while for the same
these fifteen, Hartford, New Haven, Portland, Baltimore, time last year a g ain of $31,000,000 was recorded.
Cleveland, Kansas City and San Francisco, and in addition
Five Dans Ending Jan. 30.
FittD'ytBnd'g Janjga

Milwaukee, Louisville
excess of a year ago.

The

New

and Memphis, record exchanges

in

England section exhibits a decrease from last year
of 0-3 per cent against an increase January 17 of 0-3 per cent.
This ia due to a loss at Boston, the total for the other cities
embraced in this division making a better comparison with
1884 than did those of last week. The Middle and Western

1889.

NewVork

1884.

$344,620,090

$831,917,143

Salea of Stock {tlu.)

(1,199,3.14)

(2.232,540)

Boston

4S,20S,430
30,866,190
8,981,207
10,925,824

48.331,024

Philadelphia..
Baltimore. ... ..
St. Louis

.

Total..,

$440,587,7411

Per

Cunt.

-40-5
(-4<|-3)

—0-6

188S.

$404,283,683
(1,174,279)

63,893. TISe

-19-9
-3-2

37,356,138

9.280.942
12,566,128

-131

]2,30S.300

$7IO,0.47,.19I

-40-5

3S,,'»2,ia3

10,517,995

tniassxj.';

Pw Clint
-33-8
(—450)
-1-9
-18-3
+1-7
—18-3
-90-3

•

THE CHRONICLE

132

[Vol. XL.

indicated, except that the date of suspension instead of being

THE FINANCIAL SITUATION.

August 1. It
was the intention of both parof
deep indignation in this city, and in fact in every part
Though we greatly wish that an
ties to pass this bill.
It is strange that the perpetrators of such earlier date had been named for putting an end to our
the country.
base deeds
cruel and cowardly acts do not see that their
flagrant economic folly, yet as a whole the proposed law
would make even a most deserving cause odious. In has much to recommend it. The bi-metallic convention it
Wall Street the first reports left a sensible impression on suggests is timely, and put in connection with our absolute
on
values and during all of Saturday, and then again
retirement from the silver field if our proposal is rejected,
business circles.
Monday, it was the engrossing topic in
will give the suggestion a force it never before possessed.
Our people feel it a reproach that the foul nest in which We have no hesitancy in saying that some plan for the
such schemes are hatched has not been broken up, and wider use of silver must be the final outcome of this
are grateful to the Senate for its prompt expression of agitation.
The figures we published last week of gold
the "profound sorrow" and "detestation" everywhere production, showing that the total output of the mines m
awakened, and hope that this practically unanimous vote the whole world is only 90 million dollars a year, and of
may be followed by some action which will prevent our that the United States alone is consuming in the arts and
country having even the appearance of aiding such crimes. manufactures on the average over 1.5 million dollars, are
A prominent commercial event of the week has been conclusive on that point; commerce must have the use
for Dethe publication of the Government trade figures
We shall have more to say with referof the two metals.
cember, showing a merchandise balance for that month of ence to that matter on a future occasion.

The dynart^i outrages

in

fixed at January

London very naturally

excited

looks very

1,

much

1886, has been deferred to

as if

it

;

three
$49,156,000, and making the balance for the last
movement
months $102,781,000, To present the entire
the
for the year in a convenient form we have prepared

Overmuch, we think, has been made this week out of the
protest of the Boston banks against the excessive payment at
that city of silver certificates by the Treasury. As soon as

following by months and quarters, covering not only merchandise, but also gold and silver.

it

FOEEIOS TRADE OF TUB UNITED STATES IM 1884— (0003

tmttUi.

SILVKR.

GOLD.

MEUCHANDI8B.
OOOj

Exp'ts

Imp^ts

Exp'tt

~r~ T~

»~

to the

of

Exp'ts Imp'ts

of

Impels Exp'ti

0/

t

Excess

Excess]

ExtSiS
Exp'tt Imp'tl

Omlttted.)

knowledge of Secretary McCulloch, he, with
good judgment, relieved the pressure by making
provision for a more liberal use of United States notesThe attempt to excite jealousy at what is called the greater
forbearance towards the New York banks is utter folly.

came

his usual

It

would serve Boston

here, because

t

526
422
903

2.314

1,163

1,151

2,349
2.095

876

1,473

12,234 +11.321

1,20*

891

21,103

1,851

15,789 +18,938

6,758

8,213

3,515

•4,269
•7,314

3,011

21,048 + 18,037

2,051

l,f06

1,045

451

2,712

1,981

1,067

914

1,177

3,250

130

S,120j

1,780

1,051

7as

7b(oi2d«r. 152,066 162,472

•10.40,5

6,712

23,890 +17,178'

5,821

8,124

2,697

55,128
54,204 50.683
54,824; 51,812

•514

2,283

2.124

2,861

1,806

2,758|
1,478'

e,5S2

2,499

1,248

1,251

3,612

1,401

8,330

1,003

2,325

Total 3d qr- 163,640 157,101

6,539

6,519.

412

6,107

8,690

8,458

6,232

5i,7:a

19.330

2,430

2,237

2.574

1,043

t79,733 t45,518
91,205 42,139

34,265
49,156

8,183;

193
444
603

7,730

1,830

1,438

4

2,141

1,831

139.37c 103,781

13,031

Total year. 719.304 629,2271 120,077

28.113

54,311

19,679

February .. 61,247 54,710
61,263

6,537
•5,053

TaUa

Irt qr 191,447 170,284

April

49.894

64,163
4S,842 56.156
53,330 52,153

January...

March

May
June

July
August...

September

October...

November.
December.
Total

Uhqr

73,990
56,210

1

242,15

+2,980!

+2,201

i

54,612

71,073

372

154
3,411

2,418

1,240

1

41.331

3,47j

1,816
1

1

13.218

29,171

1

m

6,525

2,377

16.350

13,821

7,l'02l

11.791

631

t Corrections In last quarter
Excess of exports.
has not stated In which month
of ye^Hncruded 10 this total as the Government
belong.
they
,
•

Rtmxis Of Imports.

+

,,,,,..

.

.

These figures disclose a gradually aeclining import busonly 46^ million
iness, averaging for the last three months
and declining in December to 42 millions, the
dollars,
Such results reflect both
smallest total since July, 1879.

and the weakness

the strength

The strength

lies

of the present situation.

in the single circumstance that

we are

thus

reUeved from any immediate danger of losing our gold
reserves, the keeping of which undiminished is made so
needful through our attempt to mould 80 cents or thereIn every other view
abouts so as to look like 100 cents.
imports is clearly an indication of
this large contraction of
weakness.

It

is

the product of rigid

economy

resulting

in

no degree to force the silver issue
done the country is after that
As, however, our
a silver basis.

successfully

1,656

3,541

159
176
77

if

hopelessly given over to

banks represent commerce, holding the key not only to the
internal, but to the external trade of the whole country,
and hence forced to receive the entire brunt of any foreign demand for gold, it is to be hoped that they will
stand firm

even

organizations

to

if

it

State

result

in

control.

a transfer

of

their

Should Congress

at

the present session pass the bill stopping the coinage of
standard dollars, which is now before the Senate, there

we think, be no further anxiety, for with judicious
treatment the stock already coined could be managed.
And yet the public will feel a little nervous until Presineed,

If he should appoint
dent Cleveland names his Cabinet.
of the Treasury (no man
Senator Bayard Secretary
has the esteem of the commercial classes here and else-

where more fully than he

has), or if the position

should

Keman (who

was always right
be given
time he voted on a financial question, and so far. as
every
we remember on any other), then with Senator Bayard
to ex-Senator

Secretary of State, confidence in the

would be prompt and

new Administration

entire.

Particular attention has been

drawn

to the foreign ex-

change market by the remarkable fluctuations during the
First there was a sharp decline of a cent
past few days.
time, and
a p'ound in one day (Monday), half a cent at a
satisthen next day there was an irregular recovery.- No
the variation in rates was given except
factory reason for
investment
so far as it was attributed to changes in the

from a lack of enterprise enforced through the very fear
realizing.
of harm which such contraction saves us from
It was said that this demand
sterling.
what a difference it would make to-day with mer- demand for long
Think
decidedly the first of the week, but after the disclosof our fell ofi
chants, if they were handling, and in the earnings
certifiure of the effect at Boston of an over issue of silver
railroads if they were distributing (instead of 42 millions)
It is not imcates, it was stimulated again very sensibly.
65 to 68 millions of imports a month, as they were only a
explosions in London— the
What we call gratifying trade balances, probable that the dynamite
short time since.
had
at first
when we have overtraded reports respecting which were very alarming
are, therefore,

only gratifying

for
(no one conceives that condition exists now) or when
our gold reserves.
special reasons we need to protect

—

transfer money
a temporary influence on the inclination to
therefore for the time being arrested
to the other side, and
However that may be, the
the inquiry for long sterling.

The proposed measure stopping silver coinage, which we
movement is again in progress now, and it is claimed
referred to last week as before the Finance Committee of the
general as not only
that it has been and is still so
Senate, has been reported this week in the preciHj form we

.Jam AUY

TUK CHRONICLK

1885.]

81,

upon

market for
to have an important
a bsorbing all offerings of commercial bills,
aterling, by
Of course the
but eveu upon the rate for money abroad.
Bank of England minimum would not have been reduced
had there been fear of any movement of gold to this side;
but with that fact assured, the reduction was almost
forced, as the Bank was able no longer to control the
mfluenco

open market

rate,

because of the

discount banks, due largely

proceeds of American

bills.

here of the reduction of the

it

much

is

the

freer offerings of the

said to the deposit of the

that they can distribute their productions.

On

the

;

least.

We see nothing

situation th^it is not hopeful,

if

be relieved of the

which are disturbing all minds.
the railroads have exerted less
influence on the Stock Exchange this week than usual.
There have been some favorable developments and others
that cannot be regarded in the same light.
The one confinancial uncertainties

Pool

matters

the

at

announced that IndianapIn so far however as the

it is

has agreed to the restoration.

course pursued indicates that the roada are not willing to
throw away profits, when there is business to keep their

employed,

facilities

it

the pool does not wear the

reduced the passenger

look.

Last Satur-

occurred.

&

the Nashville Chattanooga

the other

k Grand Trunk from

same auspicious

new outbreak has

the South a

On

a hopeful sign.

is

hand, the withdrawal of the Chicago

Memphis from $9 30

Chattanooga

Louis suddenly

St.

between Chattanooga

rate

among

to $2.

course simply the Louisville

of

is

by which

ville,

it

controlled,

is

and

&

Nash-

Memphis &

the

name for the East Tennessee,
one between these two systems.
The cause of the outbreak is not apparent, but it is said
Charleston

so that the

that the

is

is

k

Nashville

retaliating for

is

cuts

the East Tennessee at Atlanta and other Georgia

What

points.

only another

contest

Louisville

made by

how long

the outcome of the difficulty will be, and
continue,

will

it

are

answered, though on Thursday
Nashville

it

& Chattanooga was

not

questions

easily

was announced that the

offering to carry freight (to

which the conflict had extended) betwegn Chattanooga
and Memphis, 380 miles, for 5 cents per 100 lbs less

—

—

than ^ of a cent a ton a mile which would seem to offer
hopes of a speedy termination of the war.

On Wednesday

therefore in the industrial

we can

and

notoriously great difficulty in

is

preventing cutting, though
olis

be maintained,

will

and
The Memphis & Charleston,
at wliich the blow was aimed, soon followed suit, and in
club parlance went the road one better, for it not only
met the cut to Memphis, but added nest to the conflict
by making a general cut to Nashville, Cincinnati, Washother ington, Now York, and other points.
The Nashville &

hand the decline in grain in Europe does not of course aid
a further improvement in trade; while the snow blockade
in the West, and the raina and floods in the South, have to
an extent arrested the free marketing of crops. But in
spite of these drawbacks the railroad eai'nings as a general
rule continue to compare more favorably than they did
two months ago with last year, and the trade among merchants is moderately active and collections fairly satisfactory.
Furthermore the agricultural outlook has improved,
as the recent snow storms have covered the ground, protected the fall-sown grain, and removed apprehensions of
further damage by winter killing.
There is a little
anxiety with regard to California, where the rains have
been so abundant as to interfere with planting but the
latest reports indicate an acreage in wheat equal to last
year at

whether the schedule

smaller pool centres there

The only effect on exchange
In
Bank minimum to 4 per cent day

was ft weakening in the sight rate.
The industrial situation has continued about as last reOne fact is certain, namely, that textile manported.
ufactories and iron mills in various sections of the country
are resuming work again. That of itself implies a renewed
inquiry for goods and a belief on the part of the managers

183

the

bill to

the Senate Judiciary committee reported
extend for sixty years the indebtedness to the

Government of the
is

Although

Pacific roads.

not wholly satisfactory to the roads,

it

is

this

most favorable proposition that has been made
Congress.

Id

substance

indebtedness, principal

it

and

measure

certainly the
to

them by

provides that the amount of
interest accrued

and to accrue,

spicuous fact remains, however, that pools and rates are be

made up to the date of April 1, 1885, the worth of the
This is illustrated total sum at that date to be computed on a basis of 3 per
pretty generally unsettled all over.
by the fact that the Chicago & Grand Trunk, the Chicago cent without compounding interest. Then it directs that
'Connection of the Grand Trunk of Canada, yesterday gave ttiis aggregate of debt thus determined be divided
the sixty days' notice required to sever its connection with up into 120 equal parts, for each of which a bond be
theeast-boundpool,and after April

1

pendently of that organization. The

intends to operate inde-

given

with

interest

at

per

three

per

cent

annum,

move one bond and interest being payable each succeeding six
it is too early yet to determine, but it is significant of the months.
Under the law the company also has the right
growing dissatisfaction with the working of all pooling to anticipate the payment of the whole debt and to obtain
arrangements. The action of the Eastern trunk lines on the the release of the Government's lien, in case the company
question of west-bound rates has been accepted as an indi- can borrow the amount of the debt and the semi-annual reduc
cation of continued harmony at this end, and favor. tions are found to be so onerous as to make it desirable.
full

import of

this

-

;ably regarded for that reason, but as the
of that action,

tariff,

as a result

.100 lbs. as the basis of first-class freight to

Chicago, to 50

and other classes proportionately, it is difficult to
see where the benefit to the roads comes in, especother Atlantic cities
Boston
ially as the tariff from
is comprehended in the same change.
It
for instance
from Pittsburg to
is likewise to bo noted that rates
Chicago will be reduced February 1— first class from 50 to
40 cents, third class from 30 to 20 cents, &c.

cents,

—

—

As

This latter provision seems

was on Monday reduced from 75 cents, per part

regards east-bound freight,

the

rate of 20

cents

to

and
seems as

of the arrangement,

their old condition,
easily to

it

be able to avail

us to be a very important
if

the times ever

if

the

itself of

Union

recover

Pacific

ought

the permission granted

and go out from under the Government yoke.
Perhaps the most important news of the week, so far as
the stock market is concerned, was the announcement on

Monday afternoon
nies

had decided

that the Presidents of the coal compa-

to

the basis of coal

maintain the agreement and to increase
production to 3 1

impossible to understand just

how

it

million
is

tons.

It is

proposed to mar-

on by the lines, was early in the week ket this large production, and yet if business improves, it
by the Lake Shore to 22^ cents, and later all roads can be done, and more too probably. Very likely the lower
marked up the charge to full schedule figures, 25 cents. price for coal which this enlarged output contemplates, or
This action is attributed to the blockade of some of the at least necessitates, has had something to do with the
lines by snow, and the consequent inability of the others starting up of iron mills, so many of which have recently
But however that may be, or whatIt is not clear yet begun work again.
o take care of all the freight offered.

for grain agreed

raised

.

.

.

THE CHRONICLE.

134
may

reached

be

rVor,.

XL,

future months,

for over 3 milhon dollars in 1880 and even 1|- miUions in
market inter- 1879. The Eastern lines do not show any recession till the
prets the arrangement favorably, and under the lead present year, when we have a falling off of $1,296,199.
of the coal properties has showa considerable strength all The loss on the Western lines from 1883 is $1,741,925, so
through the week, of course with reactions. Encouraged by that on the whole system the difference between the two
the snow blockade on the line of the Northern Pacific years is $3,038,124
over three million dollars, equivaand of the Oregon roads, an attack was made on these lent to about 3 per cent on the company's 95 millions of
properties, the assault being accompanied by the report that stock.
The rate of distribution, it will be remembered,
the option for $2,500,000 of the Oregon & Trans-Con- has been reduced from 8 per cent per annum to
per cent.
tinental loan which expires February 1, would not be
Bankers' balances remain a drug at +@1 per cent. The
taken and that therefore this loan would be a failure. following statement, made up from returns collected by
In answer it was stated that the company had no payments us, exhibits the week's receipts and shipments of gold
to make on the 1st proximo which it could not meet, and and currency by the New York banks.

ever

results

being

time

the

at

least

in

the

stock

—

that even

if

the option on the loan should not be taken,

Wuk

more favorable terms coujd doubtless be secured from
other bankers.

BndtnQ Jan.

Received by

30, 1885.

CnrranoT..

Pennsylvania Railroad has this week issued

$160,000
40,000

Gain .»2.038,0OO

«2,19S,000

$200,000

Galn..fl,998,0C0

return for

compared

as

Nst Interior
Movement.

12.198,000

Ctold

its

Total gold and legal tenders.

the month of December, and the exhibit,

Shipped bv

N.r. Banks. N.T.Banks.

Loss..

40,000

The above shows the

actual changes in the bank holdings
and currency caused by this movement to and from
on other lines duri ig December, for almost all returns that the interior. In addition to that movement, the banks have
have come in show a decided improvement in business for gained $1,250,000 through the operations of the Sub-TreasOn the roads east of Pittsburg the Penn- ury. Adding that item to the above, we have the following,
that month.
sylvania loses only $71,182 in gross and $80,998 in net, which should indicate the total gain to the New York
"with the preceding year, is better than^ for a long time

In this the Pennsylvania reflects the state of affairs

past.

while on the lines west of Pittsburg the deficiency

meeting

but $93,251, against $298,1.34

liabilities is

m

in

the

of gold

House banks of gold and currency for the
week covered by the bank statement to be issued to-day.

Clearing

previous year, a gain of $204,883, so that on the whole

system combinel there is a change in favor of 1884 of
But while this improvement over the previous
$117,885.
year

certainly vi^ry gratifying,

is

this previous year there

it is

ITMk

Jan. 30.

Out of Banks Net Change

ISt'S.

Bank
Banks' Interior Morement. as above
Snb-Treftsury operations, net

12,198,000

Tntal gold and legal tenders.

$3,448,000

only fair to say that in

had been a heavy

BnMm

taoo.ooo

Ciain. $1,998,000

Gain.

1,250,000

(200,000

itt

HolAin^s.

1,250,000

Gain. $8,248,000

which

loss
The Bank of England gained £630,000 bullion during
December the week.
This represents £405,000 received from the
The net interior and £105,000 from abroad. The
years now been a poor month.
Bank of France

has simply in part been recovered.

has for several
earnings on the Eastern system

The

loss,

truth

fell off

is,

heavily in 1880,

and made scarcely any progress upward again after that,
while the Western system has gone from bad to worse.
For inatance,
Western lines

as

against a deficiency of $93,251 on the

in the present year, there

1879, a siirplus of $541,362, which

was

December,

in

shows an increase of 1,613,000 francs gold and of 1,697,
000 francs silver, and the Bank of Germany aince the last

Tae following indicates
amount of bullion in the principal European banks
this week and at the corresponding date last year.
report gained 11,347,000 marks.

the

involves a change of

January

$634,000 on these lines alone; and on the Eastern lines,
present net of $1,096,230 compare with $1,512,055 in
As a consequence, ihe whole system shows net of
1879.
only $1,002,979, against
half.

The changes and

$2,053,417, a loss of over onefluctuations in

income that have

occurred in these six years are set out in the following
tabulation, embracing the exhibit both for December and

aold.

Bank of England
Bank of France
Bank of Germany

OperatV expenses.
Ket eamtngs...
Western Un«e
Result

1882.

1881.

I
8.760,328
2.673.09

t

S

8,840,510
2,657,283

4,157,160

8,731,751

8,547,828

3,453,025

2,072,318

2,528,550

2,421,575

l,Cfl«,230

1,183,228

1,184,853

1.203,102

1,120,'>53

—298,134

—16,984

—91,670|

1,512,055

-93,251

-1-212,490

.

The Assay

885,094

1,167,869

1,111,5221

1,338.743

Jav. 1 to Sec. 31.
48,566,911 51,088,244 49,070,886 44,124,178|41,260,068 84,620,276
Gross earnings.
Operat'g expenses 30,.5-.!7,009 31,747,143 30,847,399 a«,709,80S 24,625,04^ 20,382,737
. .

Net earnings...
Western lines. ..

18,039,902 19,330,101 18,432,487 ;7,414,.S73 16,885,02^ 14.237,539

-929,250 4-812,869 -fl894,300 -(-2818,338 -1-3072,052 -hl828,640
17,110,848

20.06i.7ll 19,707.078 15,.S61.179

For the twelve months, it will be seen, the comparison
with other years is not quite so unfavorable. The net income of the whole system is shown to be considerably
smaller

than

Office paid

in

either

of

the

four years preceding,

Silver.
-,

$ 1 73,862 through the Sub-Treasury
and

$97,685 for foreign bullion
during the week, and the Assistant Treasurer received the

2,058,417

1879.

Oold.

31, 1884.

(39.036,244 <i2,o26,6iJ7 67,222,204 62,326,628
«8,li)9,S87 t;2,033.27i 07,092.254162,034,373

domestic bullion

4-541,36!!

-i

1880.

. .

1,941,870

1,002,979

December.
QrosB eamtnga

1883.

Silver.

January

22,213.997
21,(i01,O2S
39,937,410 42,142.151 38.093.076 39,744.129
6,794,837 20,384,513
7,527,500 22,582,500

Total thl8 w(«k ......
Cotal previous week

for

18S4.

PitUbWQ,

IHf'.'b.

M

the twelve months ended with December, back to 1879.
Lines East of

29,

following from the

Custom House.
Oomiating of—

Date.

Zhiliet.

Jan,23.
'•

"
"
"
"

24.
26.
27.
28.
29.

Total

$358,952 73
49'4,0I8 20
523,733 03
565,995 96
369,696 24
l«7,3ti4 32

$3,000
5,000
3.000
3,00C
2.000
3,000

$2,499,690 43

$19,000

Gold

Silver Oer-

Notes.

Ooht.

U. S.

Oertiflc'a.

tiflcates.

$120,000
158.000
144,000
161,000
70,000
41.000
$694,00"

$92,000
112,000
98,000
144,000
75,000
22,000

$140,000
219,000
278,000
258,000
222,000
121.000

$543,000

$1,238,000

DIFFICULTY IN REDUCINO RAILROAD
RA TES.

The policy or impolicy of reducing rates of freight on
and a quarter better than in
The Eastern lines make relatively a very good the railroads, in view of the prevailing low prices for grain,
exhibit, while the Western lines, as a result of poor crops is a subject that is being very widely agitated at the
and depression in manufacturing, have done badly. There moment. Of course the question does not relate to rates
is on these a deficit of $929,000 in meeting habilities,
on the great east and west trunk lines. Competition and
which did not happen in any of the Other years given. the opening of new roads have so lowered their tariff, that
Com
Indeed, there was a large surplus each year, amounting to there is no margin left for a further reduction.
but at
1879.

least it is a million

TIIK (^HUONKM.R

JAKVAXT Ui UMk)
|iUiuU

limm, ton,

lli(«ti>

imttlimt.

Imvo Hlimml

lliftt •iiiiiv,

t>i>

ooiilii |>iM'

Mid

toil*,

no

I

oM

lli«.

^nviii

would hap|M<n

linlf

t\

o«itl

loii

ii

mt U

wlinl

totui

I'liiiiM.c

tin^

I'oiiiii'M

on

t

Itrinod tho

ia

ot tho

to Uui

ltd

o»lliid

JudniiiK by

iiiftku it

of

ol

ami

ilivlaiioo to

Moil of

<

i

Th»

howuvar

ho gi'oui

ohargo por

from

and tho railroad axkM

Oliioago,

oaroal at Iho (lardoii (!ity
for Iho farniur,

iinroaMoiiabln

roali^od by

and

it

liiiii,

for

liu,

him with thu

oontM, loaving

117

human

porliMpit

it it

may

only

In

matioiitly

him

tliii

out

by

tlio

17 oonta roaliKod

to luiitKitio that hi* labor

Tim

to

ftrt

pnlillo

Iowa

mako

rogarda tho

oupo wllh

lu

In

(!ommliiNlom<rii,

Mr

(!.

hi.

vinw of

In

and

from

tho Htato, and

Ihla waoli.

a domainl

lo aid

nr^od upon

ratoM,

h

liiiKton

\ ot

'i'l,

and

17 oouta for tranaporllng a biiahni of oorn IIDO inltoM would bo

pnlillo notion

Al tho rato of only a onnt a ton a mllo, a llguro

thin

Hoard

tho

iidilronMod

(.Julimy

|)uoomlitu'

o,<ipi'o«

waa

la

tho llur<

iiiidor

now found

hni

lottor

oarnfnl

It

loMponMo to thin Invitation that tho I'roNldonl of

and Horvloo aro rookomid too

lo

and the

thorn

tho lattor a

oonilduratioii of tho ipioHtion of rodiiood

railroad,

from

movod

llm loading railroad oDIolalu

moiiio of

alito

to lh«

roiltliiM

thoy Invltod an

oluoldalitif( tlio prolilom,

III

pro«oiii

t.li«

Iowa, |inbllahod

ImpiliioH liiln tho niattor,

pulilio

of

ll«

iMiniioipionottH

olroumittanoii, aro oloarly

tlilH

from

lottoi

a'

III

lion of vIowN

ooiiIn

ami

rfttlroadN,

tho IlKhl of

In

varlouM ipiartofM for a rodiiotlon of ralox, worn

thu

low, wliilo tlioNo uf tho railroad aro appralHod too high

hnvo

UonnnlNaionorii of

Itftllroml

Init 'JO

'.ill

not only

im

tryliiK itlluatlon, liooaiiMo of

howovor

naturo,

to noinparo

what

to

thoy

it alioiild Um pnlloy whioli had bonn
moot tnnroly a loinporary omoi^onoy lio por
and for all timo forood upon thom. 'I'ho dllll.

oulliiw th« railroad*

17 ounln for

aay,

nUo

liut

Ibn

to

hoiitllity

IIm

in

roiimvod

miloit

In

of

of dairying

limiliol

Ih illll)

m

fart,

Imvo niMard

iiiunt

'I'lioy

Intoronta of llm

tlin

no doulit

lia

lo

ikiloploil

dia-

ui'

iiii>«ti

at all llinoN lu

may How from

that

of

tho oiiKlnal

at that point, wlillo tho prl<'o of

ilolivoriiig hin (lorn

(lonlii

ho

II'

to aol,

Innnodialit olTootit,

lirouKhli

oorn or whoat lo markol.

IiIh

NO

fi'KO

iinooinproinlalntt

loaoa aighl of thia olomoiit

Il« looka only at tho

tanou.

of

iim

iMi)(ii|^i<r<

fmo

In point of

lliii

ootmiilor a Nlop oonti<ni|ilikto(l

llm prodii

liy

farnior

proportion

a Ki'oat

npon

(untlmont, oflon iiiiroMoninK and unJiiNtand altnoHt alwayi

fivol

Huoh noftloiiri
tlio laJHiiig of Ijio piodiioo
iimliu' n groat dlMailvaiitn^^o, and any full
ooiirwo ai'o
prloo wolgliN vory hoAvlly upon Ihoui, mInu« tlio fall
pn<

not

puiMiio,

tho

Im

tho

a*

In do|>t<iiilont

tliai

mid

Intoroata,

liimt

ooumo thoy would

ll

itnoir,

nKliiiiloN

own

Hiilijoot

Miiotloim

out of

nmi

Ihu

iiiaMiitmih

tho rallroadu woro

If

Kot KM thoir

inuoli Mtt •loiiionl In tho IoIaI imwI

M

tho

liranuli of

tlilM

comniunlly, diolatod, tlioro i<ould

tlio iiiniii'

I'oinDtH

aruii"i

m

uuioli

rovuo

poMltily to

iimrkot from tlioio dlMlrlul*

M

It

Kllnntion now.

un>

h:"'">K

diiMiUMiiion

fi-uiii

dillliMilly

llio

tliat ti-ftiiMporlAtlou in

iu«'.

that Iho road mirvon

fiitiir*,

pi'odiioinK inl«r'

|iriw|i«rlly of

indlioolly,

iuu,

that InloiiMl.

ilio

inili'oikd'i,

In ovidoiii. tliiU

foroo.

ooiDo

diNOoiitotit

intui'loi',

tho

almi

wliolo oonimunily

<'oii)

with tho Idtm of pHiuloiiii^

In

ftutlvo

ttii

tho

tln<

It

Moiitiiiioiit,

Ki'nii((or

foNtiitioiiN

Ihftt

proportion

uiiiluo

ilioiiiMolvoii liy

Kliont tho nmltor

Aiid Agiiiii

tlio

alTooU tho

thlit

U

or

tiiol,

alono, loil' aluo tho

pi'0!4oiil

and fiilmo wolfaio of tho

Involved, and

m

» oonaldurallon,

i*

lint

of piiltlii^ (iownnrnlii atllio limilliiK illNlrllm

ooiMiri'oiioo,

liilk

'riiorn

H (IIIToruiil.

tho WoNtrrii pHpoi-N, tliuuKh

III

ill

CMO

llto

iiiiogHloil lo

of fitMpimil

tho

M

«llii^tilhnr,

oorn

lht>lr

not only dliHuHly,

Hut woHi of Oliioiigo
lit

mod
Thut

liamla.

•i\\y
<i

i

doiitroynd

p<Mitll)ly

furiiuini

if

thnir

n'

it

inoitt miii'lin^.

|)lninlJt

on

iipotlod

to iMll»rv tlio

norlniiily inodttinlo uiiouk)>

tlilN iM

3^

of

riiln

to tint MKivlmiki'il

('lii(^n>;o

ri'oiii

A

Milmdw,

only an nvorngo of omk

llui I'oAtU

Allow*

mwwI

mu\

or

p.>4l|ioiiiid,

iiiloly

nltogutlior OKMOil, diMHaUMfaollon, wliora Miy uxihU, rtiUliUK

nvlhor to ilwoiimiimlion

186

dato of

lla

way

lo

ori' aiimial roport.

talnly notoxuoinilvo,

oovoii tho oxponao of thu aorvioo.

bolow

not iniioh

many

VVoitorn

Thab

hat

In

In

provmi by roforimoo

to

tlii<

on

I'ommlMlonora

llio

poMllion

tlinl.

ohIhIm

ainoiifjr l.lioiii to

mtoionU

proiluiiliift

troat tho MlilppliiK

and oiniHldoratnly,

fairly

byaayiiiK that ho noonplM tho Mlatoinonl thai

la,

I'lular

and Nhrliika^o of

roiliintloii

roport of tho Iowa

will

almoHt

(JominlNilon

lli«

ia ovldmiua liotli of tho
knowlodKO
havo of tho alluallon and of Iho (lla>

Mr. I'orldim' lottor
that railroad oIIIkIuIh

la

utiilT

Oodar Kaplda and Oodar KalU,

aa

Nortliorn mad, givoii in

\.

for.

prai'li'n,

taknn at random from tho tablo for Iho llurlington

UapidM

in

liaroly

thia ralu, too,

llm llguro that obtaiiiN

loailit,

from auoh poinla

I

and on many roada doubtliwN

throiiKli thn pulilluallonoC

iiiovltalily

havo

in

IhoKonaral

tramtportatlon

valiioM,

to Mlirlnii, too,

ami

llo lio^InN

vaimm

"If oorn will

hand for tho loat llnoal not inovo bttoauan of llm uwrrunl ral4*i of fralKlit," liti noon
from (Jtiluago by tho Uork on to I'omark, "It woidd Miiom obvloiiM thai tlui ratoaniiKlit
laland road, and Ooilar UapnU 'Ml nillim,
Tim rato from to l)(t rodui'.iiil ill ordor t.o inovo tlio onrplim iii'o|i." lOviin
Itallroad

Ciidar

yoar.

l''allii

tho foniior oily

In III 7

la 'io

to

jiiat

nillim

uonta por 100

about

Ml

I

TlioMii

oontM

))or

In

alon^.^,

iind
liy

iih

It

h ronnoipioimo

.1
•<

of

oiiD'tlilrtl

oan bo provod,
liaa

Ihtt

with a rato of
in

aix yoara,

liom Codar UapMa with

lion vf ono <|uuMor.

Ami

butm

in

making a
down,

too. that

progroNN

am

llurlington

Ai

or

all

Kor No
I'udar

thoy

'20

ito

conta

conU

In

^

oxcuaa of ihu aorvioo

rondorod,

it

ia

ii

i

a

tonijiorarily,

if

r.

..

i

'

'

inunoy tainporarily,
tlnioa.

|i'or iIiIh

If

rouMon

making tomporary rodmitlon In raloa,
too, but what llipy
ihal whon thoy got llui raUia down,

I

'

\

iiidotb

'

pounda,

vanoo

lU fiolght laUt two owita por 100
wna on thu thuory that with llm grnat a«l<

ralMil

i

lliatwouhl brn

inovomont of,produou Ihal niighl ulhorwlw b*

i,i

.

yot a

'

ihum

tIm raltrnadN liavo

llm uuininiinlly that

ba put baok a^ala, nu mall«r
lot tlioiii
what oorn may ba worth. Ua olUia an lnal«iniui whnr« aorno
„
N^n norii wa« a«illing at a vory high flgnro, a

'

to roducjo

ll,

aiir>

i

whotlioi In a aiaUi uf alTairN llku Ihu proaanl, whan prlooa
aro unduly doproiwiod, it would not bo llm policy

dom

Viad

moving

than Uial ihu

llo aaya

lo luan

tido ovor

liolp

ooat of

and ha Ihlnka moat olhar maiiagnra do

lA

ovidonco lo ihoaaiimoli'

evun though ratoa aro low and roaaonabh.

liut

In

iially fuvoi'N

of

all,"

HumiilimiM alTord

OKI)

In

IH7H

movoat

baru

point, ratbnr

lltal

l)ul<iw

it

"by

bngln with, and (ollowliiK

thu

an InloioKt In thu wulfatu of

.

ami th» rato

wull lo try llm oxporiiiiunt

rodnollon to

Hinall

poNilbly

vital

llm inlundod olToot, ho llilnkM

Hnniii

nuiioMary, ovoii to

If

phiH Nhould not

l)iilng

tho (IguroN of othor oomjianlaa inighlbaclt«<l ad injinilum,
In

wimthor any rodnollon which tim rallroada

mako would havo

'nt tho proaont rato of 20 ri"

"'

.'..'iiin

iinonrlain

If it In

could

Would nuvtirtliohmn

that llm prodmiora

HupurluUmdunt of

'

'

oonta

tho lullroadM at a lowor oont than ovor.

Inalanco, iho
It'll

IJ

in cniin, or

aliow no warrant for llm olmrgo

oxcuaaivo.

a material roduution iu llm ratoa
aorvod

la

ton por milo.

llguriiH (lorlainly

that llm tarilT

'

or about

Ilia.,

Ion por milo, and from tho lattor oily

IMtr

'J'lila

In prlno, tho

ohargn.

Hut tlm

an outragn

"

farmora oould woll atand tho additional

aotloii of

Thoy

aald

ll

llin

railroati

uoal

tlia

waa

donouiic...! aa

railroad

no mora

lo

;

THE CHRONICLE.

186

[Vol. XL.

with two exceptions the largest monthly total on record
it was worth 40 or 50 cents a bushel
was 15 or 20 cents, and argued that the cost imports less than 42^ millions in amount, and smaller than
of the service, rather than its value, must be ta^en as the in any month since July, 1879; a trade balance on mer-

when

carry corn

than when

it

basis of the charge."

Hence the

itate to try an experiment which

great deal of money."

There

no doubt that

is

this

is

chandise in the extraordinary sum of 49^ million dollars,
end cost us a and but once exceeded in our history and imports of

railroad officials "hes-

may

in the

;

gold to the insignificant extent of $1,815,331 net, notwiththese arc some of the
the key to the whole standing this heavy trade balance;

—

trouble between the railroads and the public.

They

are

placed upon an entirely difierent basis from other indusFluctuations in charges are not permitted except in

tries.

striking features that the figures disclose.

Concerning the small influx of gold, and the maintenance of the rates of foreign exchange, which was also

—

one direction towards lower figures.
And yet, why a feature of the period, it is to be noted that the merchandise
should not the same common-sense principles be allowed balance in our favor of $49,155,506 for December was
here as elsewhere ? When a merchant, having a stock of preceded by a balance of $33,602,874 in November, and
goods, finds that he cannot get rid of it at a certain figure, a balance of $19,359,310 in October, making altogether a

he marks the price down, and

if

that fails to accomplish

the object sought, he repeats the process successively
finally a

point

is

till

reached where the goods are easily dis.
may be below cost price, but no mat-

total of

no

Yet the

total

than $102,117,690 in these three months.
imports of gild in this period were only $13,031, 120 gross, and but$ll,792,101net. If we make the cuslesi

tomary allowance of 1
millions per month for freight
payments to foreigners, and undervaluatakes tions of goods, that would knock off 30 millions from the
readjustment
situation.
After
a while
a
place, the demand becomes more active, and the old balance reported, but even then there- would remain a
prices are re established.
Now, no one would dispute the merchandise excess of 72 millions against the less than 12
right of the merchant to make the advance or claim that million gold imports, constituting but one-sixth the whole
Of course there is always more or less drawing
the lowest previous sale should mark the basis of all amount.
can go out of of bills against future shipments of produce particularly
future ones. The fact that the merchant
and therefore these
business, pack up and leave, if the trade no longer ofiers in the summer and early autumn
any profit, is of course an advantage that the railroad does large exports were doubtless to some extent anticipated,
not possess, but that is no reason why the latter shoiild be and it is probable also that there has been a movement of
treated differently or be made to suffer for its immobility. securities this way for which we have had to remit the
posed
ter;

That point

of.

it

a

is

mere

temporary

device,

to

meet

the

charges, interest

—

—

In other words, the railroad industry, within certain

proceeds; but allowing for

all

this,

a large part of the

enormous balance recorded in the last quarter of the year
When the times demand it, rates should unhesitatingly be remains unaccounted for. It is evident, too, that the presreduced. Again, when the situation changes and business ent month, January, will show a further considerable
warrants it, there should be as little difficulty in effecting excess of merchandise exports not anywhere near as
a rise in rates. Thus, the railroads, being allowed to large as in December, but still very heavy in amount.
partake in full of the benefits of prosperity, would be Nevertheless, there is no flow of gold this way of any conready and able to make greater sacrifices to other interests in sequence, and the rates of .foreign exchange are firmly
periods of depression, and we would hear less of corporate maintained at figures that do not permit the movement
There seems but one explanation, and that the one to which
indifference to private needs and appeals.
When prosperity reigns, the railroad must pay more for its we have repeatedly called attention, and which now finds
labor, fuel, materials and supplies, than at other times, and general acceptance, namely, the making and purchase of
every item entering into the cost of the service is heavier. bills for investment and the transfer of the proceeds at
That alone therefore offers a very strong reason why it maturity to Great Britain. There are two considerations
should be allowed to charge more at such a time. Besides, in governing such transactions, which mdy operate either
The one is the increased remunerathe generally better prices for all commodities the increased separately or jointly.
charge is not felt as a burden.
)n the other hand, when tion offered for the money employed, and the other is the
prices are low, even a slight reduction in charges may fear that we are gradually drifting on to a silver basis,
Of course the former
confer great benefit upon suffering interests, and the rail- where gold will be at a premium.
road is then in a position to make the reduction, because consideration may be entirely independent of the latter,
limits,

should be treated the same as any other industry.

—

(

it

can render the service cheaper.

reduction

is

If,

made, the railroad may be held

even though

however, after a but to those who hold to the opinion that the gold standard
to the lower rate, cannot be maintained, the higher rate of interest prevail-

labor, &c., has again increased

in price, that

ing abroad would be a great stimulus to transfer their

where it can be safely kept without fear
and in readiness to take advantage of any
perity, as happens in the present case.
We think tMs monetary change that may occur here.
fact is beginning to be quite generally appreciated, and the
Outside of the depressing effects occasioned by the
our
is
public mind is also becoming more enlightened as regards silver
lunacy,
foreign
trade
situation

making the concessions needthe possible effects upon its future pros-

operates to deter the road from

capital to a place

ful out of fear of

of depreciation,

the relations that railroads bear to the rest of our industrial
fabric, so

we

are inclined to believe that with the adoption

decidedly
cause

of

reassuring.

the

revival

This
of

our

so

is

export

not

only

business,

be-

but

of a lower schedule now, under existing conditions, the also because of the great economy that has taken place in
same obstacles to a rise later on, under a change in these the import trade. For December the total value of the
conditions, would not bo encountered as heretofore.
imports was, as already stated, less than A2\ million dollars.
We have all along claimed that such a result was the
OUR TRADE SHOWING FOB 1884.
To show how large
inevitable outcome of the situation.
The statement of our foreign commerce for the month and important the contraction has become, we need only
of December, this week issued from Washington, is favor- say that prior to 1884, 60 and 65 million totals monthly
able beyond expectation.
It is indeed a surprising exhibit were of common occurrence, and we have had a total above
in more senses than one.
Merchandise exports for a 74 millions. A part of the present decrease represents
single

month

in the

sum

of over 91^ million

dollars,

and lower

values, but the greater portion

is

to

be attributed to

Jantjaby

enforced

a policy of
values

THE CHRONICLE.

31, 1815.)

may bo

rctronchinont;

in

fact,

the

said

Looking a

lower

to bo tho result of the same cause,

we

137
more

little

find that of tho

closely at tho brcadstaffg export*,

20 J millions decreaee, over 19J millions
tho falling off in tho shipments of

prices that liad prevailed were in great is in corn, under
measure tho outcome of tho speculative spirit which an that cereal brought about through the small and
unwise currency system fostered and maintained oven poor crop of tho season of 1883. This is imporwhen manufacturing and other industries had begun to tant, since tho crop of 1884, having been largo and
How the imports and exports compare for several excellent, offers the prospect of a recovery of the loss, in
lag.
whole or in part, during the current year. The remainder
years past is shown in tho following.

since the higher

Jan.

Decemhfr.
BjportJ.

1884
1883
1888
1881
1880
is:o

Import*,

«

1 to

of the 26^ millions decrease

Dee. 81.

Krcem o/

Excett of
Exports.

Bxportt.

1

Imports.

t

+49,185.808 749,303,80*
+81.626.667 790.800,810
02,9<l«,028 58,600.849 +33,485.677,767.981.919
77,001,648 57.837.602 +:9,781.040 838,549,187
98.81)0,214 47.375.085 +51.514,889 889.688,488
80,'-80.00:i 50.no ?,»B1 +81.877,n49!7eB.189.88\

$

91,894,810

..

..

..

..

As

48,139,304

>i89,«87.730 -(180,076,078

75,811,413

63,885,749

«8-,.03«,ai6 (-108.143,10:)

732,843.507

415.138,439

670,209,440 (-Ifl3.339.8h7

690,807,170 +1S2.876.848

occurs in the items of flour

and wheat, and this is the result, not of a diminution in
Thus in quanquantity, but of a depreciation in values.
tity the exports of flour were substantially tho same in
both 1883 and 1834 say 9 million barrels but the value
Of wheat, the
in 1884 was over 4^ million dollars less.
shipments wore 10 million bushels more, but notwith-

—

—

B13.603,79<! +251.567.039

regards the exports, the aggregate for tho year

standing this increase in quantity, values are actually over
is

In other words, the average per
4\ millions smaller.
smaller than in any other year given smaller even than
bushel in 1884 was not quite 92 cents, while in 1883 it
in 1879; while on tho other hand the imports, though 123
was over $111. Of course even lower figures prevailed
millions less than in 1882, are yet 116 millions above those
in the closing months, and we find for December an average
of 1879.
But it is the December exports chiefly that will
of only a trifle over 80 cents, which compares with about
The total for the month is 91^ millions,
attract attention.
$1 09 in December, 1883. Subjoined are full details of the
and has, as said above, been only twice exceeded. That in
breadstuffs exports, both for December and the year.
this era of low prices the aggregate in a single month should
DETAILS OF BREADSTUFFS EXPORTS.
go above 90 millions is certainly gratifying. The two
Quantity.
Value.
former occasions when the total reached such a high
December.
1881.
1883.
1884.
1883.
figure
December, 1882, and December,
1880— were

—

1

—

!

considered quite noteworthy, but at those times the bread-

and provisions exports counted for heavy amounts,
while now thoy have undergone very considerable contraction.
For instance, in December, 1880, the value of
the breadstuffs and provisions exjjorts was 34|- million
dollars; in 1884, though there had been a gain of 1^
millions over 1883, the value was only about 25^ millions.
The shipments of cotton however have been steadily
increasing, and it is to this that the present large
stufTs

total

to be attributed.

is

In

fact,

Barley

linah.

bush.

Wheat-flour ...bbls.

4,814,673
21,031
162,947
4,901,057
239,478
8,261,158
1.021,522

Total for month.
Jon. I to Dee. 31.
Barley
bush.
Com
bush.
Corn-meal
bbls.
bush.
Oats
Oat-meal . . pounds.

989.271
32,552.037
23l,M20
3,iea,87i
31,887,553

Com-meal

bbls.

Data
Oat-nioal

..

Kye
Wheat

bush.
.pounds.
bush.
bush.

.

Rye

eent out no less than 838,327 bales of this staple (against

630,353 bales in 1883 and 749,852 in 1882), which at a
rough valuation of $50 per bale would give us nearly 42

9

6,086
2,413.987
61.508
62.137
140,417
167,V39
6.629.713
4,914,369

299,384
5,698,488
5,014,354

14,389,686

13,088,118

18,767
1,821,443
75,476
14,165
146.041

1

3,22i,4(i0

bush.
bush.

79.114,182

Wheat-flour ...bbls.

8,995.53ti

during December we Wheat

9

32,380
2,705,009
23,466
29.163
6,036,471
425.015
5,231.660
897,223

14.07.S

Corn

419,462;
60,539.954
*

4,690.293
69,176,786
8,997,191

26,3.224

19,319,603
749,143
1,179.197
907.124

38,970,326
910,889
202,122

3,028,0i!l

276.304
452,282

.531,356

3,312.931
77,482,160
51,591,542

*

73,032,123
46,999,886
1

1

*

Not stated separately previous to July

In provisions, there

million dollars as the value of the cotton shipments alone.

is

1,

146,319,755 172.735,694

1883.

a decided falling off

all

through

Of course, such heavy shipments are possible only one or the list of items, and none of them therefore call for
The falling off is heaviest
two months in the year, but it is well to remember that particular comment.
though this item will necessarily fall off, and very largely however, in the items termed pork products, and the detoo, we still have increased quantities of breadstuffs to crease here is very closely connected no doubt with the
send forward, and that particularly the movement of corn failure of the corn crop in 1883, as a good deal of corn is
bids fair henceforth to be large.
The following gives the transformed in this way. The decline in beef products
breadstuffs and provisions exports from each leading port and cattle cannot be ascribed to the same circumstance,
December and the years 1884 and 1883. The bread- but probably tho excellent crops raised abroad diminished
stuffs exports, it will be seen, have undergone a diminution the demand for meat from that quarter.
of 26 millions during the year, and the provisions exports
DETAILS OF PROVISIONS AND DAIRY EXPORTS.
in

a diminution of 22 millions more, or 48 millions together,
which just about represents the falling off in total exports

from 795

millions to 749 millions.
EXPORTS OF BREADSTUPrS AND PROVISIONS FROM LEADING PORTS.
1884.
Breadstuffs.

December.

New York
New Orleans

COtO.lBO

Baltimore
Boston, &o

1,967,561
l,523,2il

to

Dec. 31.

Jan.

December.

1 to

Dec. 31.

37,591,322
4,215.176
21,352.617
18.212,5S6
8,457.849
22,723.372
13.736,533

4,965,2741 6fi.898.722
326,73:1
8.146.004
1.011.861; 2t>.i)SO,090

14,3S9,686 116,319,755

13.088,118 172,735,691

312,318

733,405

Pbiladeliiliia

Ban Francisco
Other portfi

2,S08.9,53

941,759

Total.

Provisions

1883.

JUn. 1

l,.')«3.761i

534.ir>2

2,628.98u
1,455,3

'

16,159.305
10.931,585
29.323.708
13.343,280

Tahu.

Quantity.

December.

1881.

1883.

1884.

Live Stock —
Cattle

$

Tallow
Pork Products—
Bacon
Hains

1,116,652
59,442

293,936
12,57?,601
3.673,817
5,312,383

12,342.227
6,703,718

1,271.120

5,187,810j

292,383
345,610

175,383
1,099,996
481,142
391,985

46,225,003
5,913,950

45,859,743
5,610,251

4,057,359
726,342

4,196,739
667,464

9,733,133
34,075,102

6,091,9971

725,25''

29,832,080

2,718,255

470,711
2,740,830

1,365.894
5,255,268

214,825
668,972

260.675
535,360
11,020,335

16,,150,510

7.2701

3,726

fresh

salted, &c..

Lard
Dairy Frod'cls—
Butter
Cheese

and

784,08
39,533

11,214,290

Beef, canned..
Beef.fresh.lbs.
Beef,salted,&o

11,321
4,787

1,330,697
5,093,620

No.

Hogs
Beef Prod ucts —

Pork,

1883.

Total*

Dairi/ txports.

New York
New Orleans
Baltimore
Bo6ton, &o
Pliiliuielphla

San Franclhco
Other ports
Total*.
*

Not InoIudlnK

7,313.971

63,849,32;

18,2.57

131, .521

48-',749

890,S6]

2,112.610

14,70!<,437

5116.156
4(>,07f

6,119.90a
477,981

731.469

9,189,05(>

1 1.244.290
live stock.

95,987,978

7,312,739
21,728
87.145
1,533,393
673,589
34.442
1,134,297

81,012,991
l.JO,833

1.436.831
1(1.589,533
8.9-10,614

14.957
9.245,918
.')

11.02 '.335lll7.91i,6!}7

Since Jan. 1.
Live Stock—
Cattle
No.

Hops
Beef Products

—

135,271
33,026

170.393
36,624'

13,331,290
393,551

115.783,2*1
37,650,416
52,666,9851

116,928,722
46.143,037
57,258,054

3,296.472
11.383,14 1
2.977,083
3.810,933

Bieef.canned..
Beef,fre.ih.lbs.

Beef.salted.&e

Tallow
*

Not inoluding

live stook.

859,876
682.741
74-*.165

7J6.693
532.731

.

THE CHRONICLE.

138

From, January 1

Talue.

(^tantiti/.

Siuee Jan.

[Vol. XL.
to Oct. 1,

1885.

400

(6.

Bales.

1.

Pork ProductsBacon

1883.

1884.

1S83.

1884.

306,564,323
44,282,602

29,852,305
5.487,884

37,921.911
6,532,631

54.29.i.565

Hams

370,370,997
53,503,988
67,759,872
277,034,680

4,467,032
19,855,740

Consumption in Europe
MiU stocks October 1, 1885.

5,304,000

Port stocks Octoher

1,044,000

5.752,290
28,293,371

1,

241,000

1885.

Pork,

fresh.
Baited, i&c.

Lard
Dairy Prod'cls—

226,018,322

Butter
Cheese

95,987,978 117,911,697

Total*

Not Including live

'

4,008,722
11,652,442

3,697,555
10,959,833

22,289,560
110,175,141

21,289,665
109,212,430

COTTON SUPPLY AND CONSUMPTION IN

months of the year since

to present the usual figures.

from Oet. 1

particulars of

The

Mr. Ellison's annual cotton review for 1884.

lbs.

actual

Bales.

lb.

Stocks January

AND STOCKS

Britain.

01.

Total.

888,000
433
384,501,000

1,913,000

446
457,220,000
895,000
428
383,077,000

746,000
435
324,766,000

•1,025,000

.

IN 1884.

Continent

Total.

According

average weight of the de446 pounds per bale to Jani 1
season, against 428 pounds during the same time last

513,000
7,118,000

Supply

4,012,n00

Consumptiou

3,716,001)

3,619,000
3,380,000

7.661,000
7,096.000

2D6,000

269,000

565,000

deliveries

71.162

65,000

136,462

last season.

Our dispatch

for this year

and

Stock January

1,

1885.

Weekly oonsumption.

The foregoing shows

the total consumption of Great

431
707,843,000

is

368,000
3,281,000

this

1,641,000

to the above, the

Great Britain

liveries in

145,000
3,867,000

1884.

440
841,724,000

For 1883.

Takings

1,

only room

Continent.

Faldngs by spinners .. .bales
Average weight of bales
Takings in pounds

each.

SPINNERS' TAKINGS, CONSUMPTION

In 400

for the three

we have

Spinners' takings in actual

Great Britain.

1.

by spinners. .bales
Average weight of bales
Takings in pounds

results during the calendar year are seen in the following

400

Jan.

to

Ta.kln^s

week by cable the

this

in bales of

last October,

For 1884.

EUROPE.

summary

6,539,000

movement during December, and

to

bales and pounds have been as follows.

stock.

"We have received

Total

As

The Continental

season.

against 435

deliveries average 433 pounds,

and for the whole of Europe the
average 440 pounds per bale, against 43 1 pounds
lbs. last year,

last

also gives the full

movement

year in bales of 400 pounds each.

Britain to be 3,716,000 bales and of the Continent 3,380,-

000
of

year the small increase

bales, leaving at the close of the

52,000 bales of 400

hands.

lbs.

For

comparison we have prepared the following figures of

and stocks

in spinners'

hands for

previous years, adding this year's results to complete the
statement.

It will

be seen that the consumption for the

whole of Europe has
400 lbs. each.

fallen off in

000s

oynilted.

visible supply

decreased about 350,000 bales of ordinary weights.

1884 only 59,000 bales of

400

Lis.

Continent.

Total.

89,

152,
233,

241,
642,

124,
372,

401,

Total supply
Oct., 3 wks.

493,
360,

383,
325,

833,
685,

496,
360,

600,
325,

1,096,

Consnmp.

Spinners' stock Nov. 1
tikkings In November

138,
403,

60,

314,

193,
717,

136,
337,

27-:',

401,
649,

541,
288,

374,
260,

915,
543,

473,
288,

587,
260,

1,060,

253,
331,

114,
415,

367,
746,

135,
218,

327,
301,

512,
549,

Total supply

:9,i.

312,

525,
571,

68.5,

548,

Takings in December.

ConStock
Con
sumption Dec. 31. '««mp'n.

534,
283,

529,
260,

1,113
518,

433,
238,

628,
260,

1,061,

Consump. Dec., 4 wks.
Spinners' stock Jan.

Stock

Supply.

Takings.

1.

296,

269,

3B5,

145,

363.

145,000 3.867,CO0
67,00C' 3,822,000
152,000 3,563,600
117,000 3,633,500
70,000 3,478,6C0

4,012,000
3.839,000
3,720,600
3,750 500
3,548,600

513,

3,716,000
3,744,000
3,653,600
3,598,500
3,431.600

296,000 71,462
145.000 72,00)
67,000 70,;60
152,000 69, ZOO
117,000 6.->,920

3,281,000 3,619,000
3,639,000 3,779,0e0
3,139,000 3,373,000
3,140,000 3,241,000
81,000.2,799,000; 2,880,000

363,000
140,000
234,000
101,000

3,380.000 269,000
3,411,000 368,000
3,233,00O;14O,0O0
3,007,000 234,000
2,779,000 101,000

65,0.

65,600
62,175
57,031
53,442

All Europe.

513,0n0
207,000
380,000
218,000
151,000

7,148,000 7,601,000 7,098,000
7,461,000|7,66?,000 7,155,000
6,707,(00 7,093,600 6.886,'iOO
6,773,500,6,991,500 6,605,.500
6,;77,eOo'6,428,60o'6,210,600

Mr- Ellison makes

his

565,000
513,000
£07,000
386 000
218,000

first

which we have

He

also

136,463
137,600
132,435
12C.831
119,362

estimate of supply and

usual

spinners' requirements subsequent to the

received by cable.

of

January,

states in con-

nection with his estimate that an American crop in 1884-

85 of 6,088,000 bales of the average net weight of 450
lbs.

Great
Britain.

Total.

409,

Total supply

(allowing for an American consumption of 1,800,000

bales) will prevent

any depletion of stocks Oct.

compared with October
form, his estimate

is

From January

as

1«85...
Port stocks January 1, 1885..
Jotal supply

1,

1884.

Stated in

1885,

our usual

Oct. 1 to

400

lb.

Bales.

Jan.

Bala of 400

lbs.

548,

each.

Oreat
Britain

Conti-

1.

89,
1,143,

152,
962,

Supply
Consumpt'n 13 we'ks.

1,232,

1,114,

•93ti,

815,

296,

269,

Spinners' stock Jau.

1.

Weekly Consumption^
00« omitted.
In October
In
In

November
December

72,0
72,0
72,0

Total.

nent.

...

Spinners' stock Oct.

fakiugs to Jan. 1

1883.

1834.

1.

000s omitted.

65,0
65,0
65,0

241,

Oreat
Britain

Continent.

Total.

525,

124,
937,

401,
S12,

2,316,
1,781,

1,081,

1.213,

936,

345,

2,294,
1.781,

565,

145,

368,

513.

2,105,

137,0
137,0
137,0

72,0
72,0
72,0

65,0
63,0
65,0

1,769,

137,0
137,0
137,0

* Our cable, as it reaches us, states that the takings in Great Britain
for the three inontliu of this season arc 1,070,000 bales of ordinary
weights, and the consumption 936,0fi0 biilos of 400 lbs. each. This
lust is, we presume, a luis-tako of 50,000 bales, since the total for the
thirteen weeks at 72.000 bales per week is Oae.OiO bales. Heuco we
have taken this latter Uguro and reduced the takings to conform to it.

Mr. Ellison has revised his estimate of consumption on
the Continent during October and November in both years,

400 lbs. each per weekshows that the weekly consumption in
The foregoing
Europe is 137,000 bales of 400 pounds each, against
137,000 bales of the same weight at the corresponding

reducing
:

1 to October 1 1883.

Supply required from America
Supply from <iU other sources.

MiU stocks January

1,

follows

1,

1

To make the comparison with last year more striking,
we bring together the above totals and add the average
weekly consumption up to this time for the two years.

Continent.

1884
1883
1882
1881
18?0

nent.

Weekly

Spin'rs'i

Oreal Britain.

1884
1883
1882
1881
1880

Conti-

..

Takings in October.

Consump. Nov., 4 wks.

Spm'rs'

Jan.

1884
1883
1882
1881
1880

Oreat

1883.

1.

Spinners' stock Oct

Spinners' stock Deo. 1

Bales of

1884.

Britain.

each in stocks in spinners'

During the same twelve months the

takings, consumption

Oct. 1 to Jan. 1.
Bales of 400 lbs. each,

it

to 65,000 bales of

3,032,000
1,693,000
563,000
1,099,000

The total spinners' stocks in Great Britaia
time last year.
and on the Continent have increased 207,000 bales during
the month, and are now 52,000 bales greater than at the

6,589,000

same date

of last season.

1

. .

Januabt

1

THE CHRONICLE.

81, 1888.J

139

RETURNS OF THE BANKS OF THE DOMINION Of CANADA FOR DECEMBER

OOOh omlicod.

Itea'rvt

irt

of T. routo
Can. nk. of Coin'rcc

Dominion Biink..
Ontnrlii Bank

BUndnid Rank.

.

Kedpnil Hank ...
Imporlal Hk. of Can
Bank of Hamilton.
Bank of Ottawa...
Western Hk. of Can

Total Ontario

1,100
a.ooo
eso
4>S
185
1,500
680
850
180

5
60

S4S

Nil.

Actltie

Due

S

8.,9M

164

r ,170

6

4, 017

141

10,733

160

5,067
3.791
2.178
2,068
3,803

89
15'

61
36S

63'

1,071

T ,486

93
898

187
9
18
4

ei3
638
8oe

1,701
1,468

172

858
73'

For'gn tnitvUl.
Ifota. dgene't alt.ix.

12.
*

Ha

22

172

7,,230
3 ,883

6

3 ,891
8ll'

871

7?0
1,828

407
3,419
601
803

140

180

2
40S

87
85

84
40
88

897
850
182
147
07
63
70

"3.102

071
428
831
153

848
341
118
112

183
07
1

1,050

36,873

"687

0,000
081
NU.
140
80
60

6,606
803
860
861
887
488

2,718
414

16,857

873

44,180

2,937

5,154
1,896
667
372
443

16

ia,34S|

334

000
1,850

1,937
3,396
700
681
553
159
ISO
707

172
1.484
30
51
EOt
5

9,786 16,898

3,943

46,640

188

2,768

31

1,981
480
496
944

due
Uclili.

SeettrU

tUtSt
Real

BtlaU.

AU

7,424

15310
0,978
5,6')7

3,398
3,000

3,4M

Total

Other
AeaeU.

le.
t

A—et*.

17.

$

(

«

278
810
814
606

.348

Ofier.

15

"iiloso

8,,7159
,00J

1

840

Due Loans to
from Qov'm't,

and

I

113

t
les
04

4.808

chf-ckx

11.

10,
I
849
508
178
836

«
34

1,878
1,810
717

Holit.

9.

ft.

1.311
3,131

SfiuU. minion

(IM,

Af/etic's

Other

Do-

Total

HabUi-

7.88S 11,320

1 8,019

...

Other

3.

ll»

Bk.of liOnd'n In Can
Oentrnl Uk. of Can

ment

t

»
2,000
H.OOO
1.400
1,000
H04
*i>07
1,500
080
1,000
837

Bank

Oir-

Depot Devofllt. Cun'rta
cuiaVn
Banla.
4U.
'2.

Ontario.

Nota

1884.

A8SBT8.

LI ABILITIES.

SAUB or BASK.
OUpfCI
Paid
Up.

81,

t

09
614
88
63

•

180

8,993

1.184
596

a2,7l>a

9.106
7,880
4,114
T.44

410
10B
178
810
818

12

1,470

3,183
2,781
664
027
1,048

172
78
85
4
6
3

3,818

3,588 "57,486

2,513

l,3-!8

8,358
698
45

28,005

471
137
168

217
44
86

632
864
93
874
188
88

185
579
185
578
208

7318
34»7

3,183

258
917
360
344
444

128
133

20
9i

9

48

3,f)W

MS
776
1,331

Qtttbec.

Bank

of Montreal... la.ooo
Brlt..NQ. Am.

•Bk.of

4.8«7
1.600
600
46t
710

Banquo du Peuplo..
Ban Jncq iies-Cartler
Banque Vllle Maiio.
Banque d'B'cbe'aKa
f Bzch'fce Bk.of Can
Molson't* Bank.

Marobants' Bank

a.ooo
3,725
a,ooo
2,500
2,000
826
863
1,449

...

—

Banque
Quebec Bank
Union Bank
Banquo de St. Jean.

Natlonale..

Ban.de St. Hy'c'nthe
Bait. Townships Bk
Total Quebec

38i
Nil.

10

85
875

.'i6.»04

.

Jfova S:otla.
Bank of Nova Scotia

t7nion Bk., Halifax.
Halifax Bank'K Co..
Bank of Varmoutb..
Kxch.Bk of y'rm'thi

78

878

2,838

40
50

414
302
169

890

8,S5

6
88

131

80
80
8

404
87
15
871

Nil.

4,80

31

19
44
83

9.881|

20.463
4,445

117,419

IS

883
68
597
185

33j
400
138
78
63

886
1,785
856
810
148

16

4.792
577
918
4,680

08

40

8S

1,734
1,853
1.703

7.885'

1,662

10

8t

3,265

5,516
4,382
1,394
1,310
3.008
831
888
1.048
638

7,802

108

03

4,492

6,401

388
25'

27
27
41
84

118

11

18

18
14

83

77,438

1,084
834
172

I

8'

17

11

107
28

11

2,9?S

812
185

85
70
77

15

7

«,577
2,691
799
076
1,348

328
919
848

706
90

161

401

147
25

89
15
38
831

3.278
6,165
3,771
484
677
3,650

4,133 10.998

81,016

51'

3,400

198

.3,203

48
148

302
199
82
68
100
18
16
28
8

7.404

15.813

115

6
66

984^
903'

1.698J

8'

14

67
308

49

63^1

11

541

9,186
3,308
1.718
1.867
1,716

85
214

0,499

20,958

88
808

4,674
7,943
4,887
604
063
4,714

3,148

4,038

1,813 ri6.oi7

155
24

475
82
36
888
2
26
23
87
3

19

01

79
63
75
6

r
829
78

3,618

805
6

4356
1.444
1.855
1.989
839
400

1.013
664

~17.6C8

12,318

1.103

44,783

1,031

BrunsHnck.
1,000

Stopbon'B Bank.

200

Total

N.BransWk

Grand
*

8
8

8

92,810

250
800

B'kofN. Brnoswiok
Maritime Bk. of Can
6t.

1

1,590

8,339 31. ha

801
846

I

1

8

4,457
8,844
1,676
4,313
1,303
177
463
1,983

967
782
803
127
832
76
37
194
70

6(X)

Plotou Bank
Com'clal Bk.Wlnds'r:

Total Kova f cotia

840
200
70
80
50
30
30

1.114
1,000
000
500

Meroh's Bk..Ualirax
Peoples Sk., Halifax

New

Nil.

104
859
65
48

2,080
983
166
88
88

total

l.."S2>

i«t,«Ofl

Statement of

1

Cana(li,in

4—GovenuiKiit

184

130

branches only.

1,149

115
91

619,

62

4,768
2.501
I

2I,'S.,320'

871

OS
73

18

1,185

413,

4,904

3,083,

141

7,470

2,858
897

8.431 17.531 134.359

6.437

8.261

2,201*

In liquidation.

Di,iwlt.s— Includes .$l,ij2>,625 Dominion (iovuinment deiiositi payablfl on demand; $130,030 Dominion Governraenl de
pnvi'iile after notl.re or on ii flxert day; $i75.114 dejiosits lield as security for execution of D.irainton Govern.'uenc contracts
jwid for jii.«uianc» oomiianieo; .$700,100 Provincial Government deposits payable on demand; $1,893,511 Provincial Government
deposits p:!yal)ln after ni>tice
oa a ttxed d.vy.
Other Deposit*— Includes $t2,«0 1,331 otlier deposits payable on demand; $ W, 105,010 otlier deposits payable after notice or on a ttxe

poMts

m

6—

6-I>oatis,"&e.— iDcludea $1,423,517 loans from or deposits made by otlier banks in Canada; $1,074,531 due to otlier bants in Canada.
7—Duo foreign Aguneies -Includes $30,104 due to agencies of bank, or to other bauks or ageueies in foreign countries; $309,651 due to
agencies or bank, or to other banks or .agencies In United Kingdom.
Clocks anrt Notes— Includes $0,100,270 notes of and checks on otlier banks;
balance duo from other banks in Canada.
J?"?'*"*'',
id-uue from loreign Agencies— Includes $12,411.21-1 balance due from agencies of $2,331,317 or from otlier bank^ or agencies in foreign
the bank
coiintries $,i, 18,014 balance duo from agencies of the b.ink or from otlier banks or aganciies in the United Kingdom.
14—LoauBtoGovernmenI, Individuals, &c.— Includes $1,517,433 loans to tile Governmunt of the Dominion; $350,99S loans to Provincial Goverumenta; $11,929,056 lo.ins, &c., secured by municipil, Canadim or foreign bonds; $1.331, ^^O! loans, <fei!., on cnrreut account to
municipalities; $l.i,878.3"il loans, & 3., on current accounts to otlier corporations; $193,891 lo,ans to or deposits made In other banks,
secured $24/, 614 loans to or deposits made in other banks, unsecured; $l22.109.i96 other current loans, discounts and alvauoa§ to the
;

1

.-.-,.

;

public.

.

15—Overdue Debts— Includes $3,222,885

notes, &o., overdue
secured.

and not

$122,677 other overdue debts not specially secured
overdue di:bt.s,
Heal Estaf*-Includcs $1,405,436 Dominion Qovernm-nt debentures or stofk; $1,612,986 public securities oth<ir than Canadian; $1,219,423 real estate (other than the bank DremLses); $831,360 mortgages on real estate sold by the bank; $5,183,7 43 bank

$3,0.')l,o(j!l

16—Securities and

specially soouret;

;

premises.

OREAT BRITAIN

IN 1884.
[Communicated by our London correspondent.]
Very little lias transpired during 1884 which can be regarded
as of an encouraging nature. One important exception should
however be mentioned, and that is our excellent harvests.

duction of cotton and woolen goods and the export movement
of the same, the home consumption of manufactures must have
increased to some extent during the year. Then again, the
statement of failures among the farming class is very gratifying.
Mr. Seyd accounts for the smaller numbers in his
The weather was favorable throughout a good spring, a bril- general statement of failures by referring to the new Bank liant summer, an unsurpassed autumn; with such conditions, ruptoy Act, which induces creditors to accept any fair offer of
the result naturally enough was a full average quantity of cereal compromise rather than encounter the expense of bankruptcy
and other produce. Following, as this did, a series of several proceedings.
But the following statement of failures of
bad and then several indifferent agricultural seasons, much farmers is from Kemp's Mercantile Gazette, and as that aubenefit was anticipated from it, and to the country at large it thority has made an investigation with reference to the number
has undoubtedly proved of great service. The competition of in each trade who have effected compromises, and ^ves
foreign countries has however been so great that the value only 50 instances of farmers where such a composition was
of cereals declined to a low and unremunerative point, so known
to have been made, the comparison seems to be fairly
thatthe farmers have asyet derived comparatively little benefit. correct.
Ab a matter of fact it ought scarcely to be expected that
one re.ally favorable season could repiir the losses which
Failures of Farmers In—
1884. 18?3. 1882. 1891. 1380. 1879. 1878.

—

several bad and indifferent sea-sons had brought about.
The Knirland and Wales
benefit might and veiy likely would have been more sub- Sootl.ind
Ireland
stantial among producers, had they baen abia to secure a f jirer
Total
price for their produce. Even as it is, judging from the pro-

221
72
34

42*^

327

,513

57
31

533 ~918 1,097 1,196
56
84 110
66
99
73
4a
37

~C36 1,014

1.251 1,405

626
47
63
711

.

.

THE CHRONICLE

140

Notwithstanding the above, the complaints among farmers
are certainly very serious, and to an extent are reasonable.

There is only one remedy apparent; wheat cannot bo raised in
England, except on the best lands, so as to compete with
foreign producers, and probable prices furnish little encouragement for its production even there; moreover, co-npetition in
This
all other kinds of farming is getting to be very severe.
it was thought might be temporary, and a result of bai
harvests, until this year of abundant cropj seems to prove tliat
little change in these conditions can b3 anticipated.
Hence
farmers are beginning to look to their landlords as ths only
possible source of relief, and the demand for lower rents is
becoming universal and very peremptory. The change made
in Ireland, and now in progress in the highlands of Scotland,
encourages a movement in the same direction elsewhere.
Should the times improve speedily the agitation would very
likely be quieted; but as the commercial outlook is certainly

now

from promising,

it is likely to develope, and I
other than in landlords yielding gracefully or
ungracefully to the progress of events which the altered
situation of farm products makes inevitible.

just

see no

far

end to

it,

Next to agriculture, probably the shipping trade has been the
The simple explanation is that during the
last few years ship-building has been overdone.
Had the
trade of the world continued active, this condition would
have been much less marked. But with commerce greatly
restricted and with additional competition for the lesser business, freights have been unremuneratlve and ship-building
least prosperous.

discouraged. It

made

is

stated that offers to build steamers are

now

known, as much as forty per
cent lower than two years ago being named. Still, while large
numbers of steamers are lying idle awaiting better times, even
this afifords little inducement to order new vessels. The prospect,
therefore, for the coming year is far from bright. Until the
activities of the world recover from the repression which is
now universal, there can be no demand for more tonnage.
Of course vessels are all the time being lost, and there are
deductions from the aggregate on that account; but the additions, of steam vessels (and one steam ton is estimated at three
at the lowest prices ever

sailing tons) during the three years

ending with 1833 were so

United Kingdom alone 3,010,763
a period of renewed industrial prosperity to secure the existing fleet profitable employment and until that happens we cannot anticipate any considerable renewal in the demand for new ships.
The iron trade is likewise in a dismil csndition. In faot

great— aggregating
tons

—that

it

in the

will probably require

[Vou XI*

This statement shows an export of all kinds of iron this year
of only 3'^ million tons against about Vy^ millions in 1833; and
the outlook for the coming year is, we regret to say, also

gloomy.

Amsrica gives no indicatioa of any revival in her
demand, and in other countries the prospect is very little better.
The returns of furnaces in blast at the close of the year
nas not been mideup yet; but on the first of December the
number was 459 against 503 on January 1, 1831, and 557 January 1, 1883. To show the position the United States has held
in this trade during former years we give the following.
Exported to-

1884.

1883.

Tons.

Tons.

1882.

1880.

18S1.

T.ms.
Tons.
Tons.
454.804 6i8,187 1,195,116 l,lB2,4.iSM,358.136
3,041,548 3.355,121 3,158,436 2.657, 856| 2,434.857

United States
Otlier countries

Total

3,496.352 4,043,308i4,3.'>3,552|3,820,31ol 3.792.993

The ship-building and iron industries have undoubtedly
fared worse than any other of our producing interests during
Cotton goods, take ths year through, have (considering
is a periol of small profits in every department) been
fairly remunerative.
The opening was not satisfactoiy, the
demand being slow and production in excess, and astho
1884.

that this

summer advanced there was some short time induced by the
high prices for raw cotton; but the last quarter of the year
has been active, goods being sold well ahead. The outlook
to-day is not, however, quite as promising. And yet, as al!
European countries are tending more and more towards protection, they are gradually shutting themselves out from
foreign markets, while the continuance of that policy fails in
the end even to protect their home market. This is probably
the secret of the complaintj of which we hear so much now
from all competitors respecting the low prices of English
goods. We can make cotton goods cheaper than any one else,
this will become more evident as the years go on.
exports in 1884 have been as given below.

and

Exports of
Cotton Piece Goods

1834.

Our

1833.

1832.

yarjs. 3,095,963,800
.yards 1,321,236.100
materials.. yards.
250,80J

3,13(3,180,20)

2,900.647,000

1,379.932,200
22,776,100

l,348,;23,0i.lO

Total goods... yards. 4,417,481,0ao

4,533,888,500

4,343,764,000

271,077,900

261.772,000

238,254,700

51,661,408
13,811,767

5>,534.1G3
13,509,732

White or plain
Printed or dyed

Mixed

Total

.

yams

lbs.

Values.
Total piece goads.
Total yarns

39,894,000

S.

55.442,785
12,864,711

;

the decline in ship-building and

its allied

would of

iadustries

go far towards producing that result, for woDd has practically gone out of existence as a ship-building material, iron
and steel having taken its place. For instance, in the additions to the register of Great Britain in 1883 there were 769
iron vessels, representing a tonnage of 1,033,373, while of
wood there were only 383 in number with a tonnage of 28,280
tons. But aside from that our exports of all kinds of iron
have been small and decreasing. Almost every country
except Russia has lessened its requiremsnts, and the United
States, which last year reduced its takings nearly one half, has
in 1884 decreased them very considerably again. The total
O.'cpoit figures for the last three years of pig, bar and railroad

itself

iron are as follows.
1884.

Bxports from
Great Britain.

1883.

Value.

1

1

Tons.
Pig iron
tona
Bar, bolt, rod. &o
Totals

.

is

have been fully maintained.

If

anything very unfavor-

in every branch of the trade, in yarns and fabrics of
Also taking total yards sold^and their values, we
find tlie average price does not compare very unfavorably with
the last two years. In the following we give facts which at a
glance show the condition of the export business.
EXPORTS OF WOOLENS FROM GKEAT BRITAIN FOB THREE YEABS.

an increase

all kinds.

188?.

1

VaTue.

Quantity!

2,945,667
1.941.319

296.835
729.236

9,031,7011

Tons.

1,581.045!

i

4.077.456

288.271
971.165

4,144.715

2,295,238

Value.

2.034,687
6,014,264

2,83.3,4841 12.126,387

[

6,387,210

3,003,176 13,047,037

the condition of the iron export
?een in the following comparative figures of quantities

since 1878.

From
Great Britain.

Pig Tron.

E ills.

Other
.Descriptions.

1888.

1884.

1883.

1882.

i;

l,75S,072i 4,9,13,185
313,1551 2,208,533

930,049

Values.

Description of Goods.
1884.

Tons.

1,269,677

|

Quantity

A more complete view of
trade

tives

able can bo made out of that, we fail to see it. Besides, our
exports of woolens have been heavy; there seems to have been

Quantities.

Quantity

Rallraad.all sorts

Total value
65,173,175
69,043,398
68,307,49 6
Our woolen goods trade is also in a fair condition; in fact no
department has had a more favorable year. To be sure the home
demand has been only moderately sustained, and manufacturers have grumbled not a little. But as I have before said,
this is a time of low prices and very small profits, and grumbling
The facts are, that all machinery has
is therefore natural.
found full employment during 1884, and the wages of opera-

£
Woolen fabrics

yds. 98,383,000 88,229,200
^veragt price per yard.
yds. 167,720,800 143,401,700
Worsted fabrics
Avera^ price per yard.
yds.
9,691,300
8,019,400
Flannels
Averatt price per yard.

yJsj 11,538,300

Carpets
Average price per yrad.

2s.

.iverage price per yard.

S-5d

0,273.618
23. 1 l-5d.

£
9,418,269
2s. 1 ]-5d.

6,875,186

5,7<)5,669

5,823,628

9 4-5d.

9 7-lOd.

91-5d.

349,233

409,960
10 l-5d.

10 2-5d.

1,257,63-

1,258,802

2 l-5d

2a.

284,336,400 250,382,600

Total

Total.

10,809,300

9,773,776

£

18,316,559
Is.

8Xd.

2s.

4 I-6d

16,647,444
Is.

4d

446,084
10 3-lOd.
1,326,975
is. 4 1-lOd.
16,813,986
8 3-5d.

Is.

Woolen

1S84
18S3
1882
1881
1880
187i»

1878
1877
1876
187.5

1874
]«73

Tons.
1,289,677
1,504,048
1,758,07^
1,480,196
l,<i32,343
1,'223.436
924,(i46
881,4 42

Tona.
729.23!>

971.165
936,949
820,671
693.696
463,878
441,384
497,924

910.H05
9 47,827
776.116

414,.55«

l.ii'J.OIs

7-'?>.OI4

545,981
782,605

Tons.
197.439
1,508,095

Tons.
3.496,352

l,*i58,531

4,353.5d2
3,820,315
3,792,993
2,881.484

],

1,517,458
1,466,055
1,196,170
933,193
965.2S5
899,809
963,498
6;i,741
1,0<0.73I

4,043.3O-(

2,2!»6,860

and worsted
lbs. 39,298,200 33,488,500
yarns
Average price per W
1,19.',200
1,104,520
Blankets
pairs
AveroQe price perpair)
Hosiery
Small wares
Yarn of alpaca

—

'

'

3,891.771
501,6.31
89. 5d.

483,378
829,6SS
1,189,701

2,346,370
2,22 4,470

2 457.306
2,487,.522
2.957. J l.s

Total values.

3.266.483

Is. II 4-5d. Is. 11

25,21j,784

2-S1

48N589
8s. lOd.

306.609
78i,633
953,619

3,398.045
2s. 1 3-5d.

648,631
9s. Sd.

382,50&
936,449

22,167.279

Iq the above we have included the price of each article (in
which the quantity as well as value is given) worked out fro

m

3

Jajtoaey

THE CHRONICLE.

31, 1885.]

the preceding figures of exix>rt3. For instance, the shipments of
•woolon fabrics in 18*t show a total of 95,888,000 yanls, valued
at £9,773,77(1, wliich iniikes the average price received per yard
28. sjd. in 1884, against 28. l 5.d in 1883, and the same in 1882; tiie

141

to control the open money market rate and gold will
flow this way. It should be remembered that trade i«
so inactive and speculation is >o dead that the strug-

gle to keep the rate up is an arbitrary, unnatural one
wool and worsted fabrics gives an average price of Is. on the part of the Bank, wholly at variance with the tendency
That can- of the outside money market. Another interesting feature of
33^d., against Is. M. in 1883 and la. 3-'r,d. in 1883.
not be called a very bad showing in a year wlien all our indus- the gold movement is the large increase since January, 1883, in
the stock of that metal held by the Bank of France. This is
tries have liad to work on the very narrowest margins.
Turning to the financial markets, all the conditions have seen in the statement l)elow, which gives the last return of the
been adverse. First, in the matter of interest, although trade Bank for esch month of the past three years in pounds sterling
in the aggregate has been restricted and the trade demand for —00,000s being omitted.
OOLD AND SILVER IN BANK OP rKANCB.— [O0,CO0s Omitted.]
money has declined, the Bank minimum except through the
summer has been higher than for the previous year. Tlio pur
1883. Gold ailv'r Total
1862. Odd. SUtY ToUI
Gold. SIlT'r Total
1884.
pose of this has been to protect the gold reserve, which at the
£
£
£
£
£
£
£
£
=

total of

December 31, had declined to £30,690,498,
against £M, 558,000 on December 38, 1883. A peculiar feature
close of the year,

of the present situation
rate, the

Bank has

is,

that notwithstanding our 5 per cent
from abroad.

as yet failed to attract gold

In fact taking the whole year 1881, our exports of gold
reached £13,013,839, while our imports were only £10,730,358;
summer months, the
still, for a time, that is diirina: the
holdings of the Bank wore considerably increased, but the
addition w.os almost wholly drawn from the interior. Tlie
changes in the weekly returns have been as follows in 1884.

We take this statement from tlie London Statist.
BANK OF ENGLAND

IN 1834.— [00,0003 Oiuittcd.j

Securities.

Deposits.

?l

2.
a.

l«.
23.
30.

•'

Feb. 6.
" 13.
" 20.
" 27.

Mar. 5.
"

12.
10.
26.

"
"

Apr. 2.
"
9.

"

16.
23.
30.

"
"

May

7.

"

"

25,1

25,3
25,3
25,3
24,9
2 SO

2M
24.5
21,9

25,0

2"',1

2%3

25.4

26.5
26,2
26.'i
2,5,7

2>,l
24,7
24,6
24,5

26,0
26,6

24.4
23,7

9.

IG.
23.
30.

AiiK. 6.
" 13.

20.

8€pt."3!
" 10.
" 17.
" 24.
Oct. 1.

"

8.

'

13.
22.
29.

"
"
Nov. 5.
"
"
"
Deo.
"
"

25,7
25.5
25.3
25,7
25,9

2S5
25,3
25.0

2.^,3

'•

•'

2.'>,5

25,7

•'

"

21.7
24.3
24,2
24,0
24,3
24,0
24,6

4.

July 2.
"

2.^,0

21,4
21,5
21,5
21,6
21,6
21,5
21,9
22,2
22,5
22,7
23,0
25,2

250

June
•'

2S,6
25,1
24,7
24,7

11
18.
25.

"

"

2r>,«

14.
21
28!

"

12.
19.
2d.
3.

10.
17.

**

24

"

31.

jj

o

PI
£

Jan.
"
"
"

s

O

•^

1884.

2-\4
25.3

2ii,4

23,4

26,1

23.5
23,5
23,4
23,2
22,9
22,6
21,8
21,0
20.5
20.5

25,^
2«,0
25,6
25,2
2.5,1

26,3
26,2
25,9
25.7
2 -,5
25,5
25,3
24,8
24,6
24,7
24,4
24,2
24,7
25,0

19.8
1(1,3

19,3
19.7
19.9

20.2
20,8
20.9
20,5
20.7

£

o

£

a.

25,8
20,3
24,9
24,6
23.8
22.2
22,5
23,0
23,0
23,6
22,5
23,0
22,6
24,2
25.1
25,0
21.8
24,2
23.8
23,6
23.4

12,0
12.1
1!2,9

12.4
10,5
7.6
7,0
7,1
7,2
7,7
7,6
8.2
9,0
8,9
8,9
9,9
9,9
9,4
5.8
5,1
5,6
5,1
5,3
5,9

14,4
14,9
14,4
14,4

23,1

7,9
5,3
4,8
5,5
0,4
7,8
8.9
10,4
11,2

12.6
12,5
13.1
13.6
13,6
13,6
13,6
13,6
13,6
13,6
13,6
13,6
13,6
13,6
13,6

J.-i.l

23.0
23.7
23,8
2J,2
27,0
26,9
26,6
26,6
23,1
24,3
23,8
24,1
23,7

0.1

5.8
5.5
6,2
6.0
6,2
5,9
5.7
4,4
4,3
3,9
4,2
4,4
5,1
5,6
5,8
6.4
7,3
8,4
9,1

23.2-

23,4
23,1
23,5
25,9
21.5
21,4
24.0
23.6
22,6
22,7
22.3
23,4
22,9
23,4
21.9
24,9

14,4

14,4
13,4
13,4
13,4
13,4
12,4
12,4
12,4
12,4
12.4
12,4
12,4
12,4
12,6
12,6
12.6

13,4
13,6
13,7
13,7
15,5
15,2
14,4
14,0
13,7
13,3
13,3
V.i,t

13,4
13,2
13,2
13.2
13,2

i

O
s.

25.5
23,1
21.2
21,1
21,1
21.4
23,1

24.4
24,8
26,7
25.5
25,0
24.4
25.3
23,1
22.0
21,6
21,5
21,5
21,3
21,5
21,8
21,7
21,9
22,0
22,0
23.5
23,2
22.2
22.2
22,1
22,3
22,1
21,3
20.9
21,0
21,0
20,9
20,9
22,9
23,5
21,3
21,5
21,8
2i,4
21,8
21,6
21,3
22,3
21,8
22,8

23,4
27,3

£

88,1

39,7

77.8 Jan. 31

es S9,5
Mar. 27 40,2
April 84 40,1
M«y 20 41,4
Juno 26 41,8

40,0

79,5

40.1

80,3

40,1

80,2 April

40,5

81,9

May

31

40,6

82,4

Juno

31

41,8

40,6

82,4 July 26

Jan.
Fob,

Julj-

31

88,2

43,1

81, .1 Jan.

26

87,S

46.0

78,4

Feb 28 30,8

4.S.4

83,0

4S,8

783

Mar

39,9

42,1

83,0 Feb. 28
82,0 Mar. 30

40,0

41,8

81,8 April 27

S4,6
S5,4

40,9
4S,8

80,4
81,8

40,3

42,0

46,8

82,8

29( 40.2

42,0

2S 86,6
82,2 June 20 38,9
81,2 July 27 30,2

30
27i

80,7

Aug. SO 30,2

41,0
41,4

82,3

May

Porct.

Juno
17...2'i January 20
Decemb'r 9 .- Fobru'ry 23...5

1881.

I.Mari'h

9. ..4

January 13 ..3i3MHrch
-

23. ..3
Au>cu8t 17. ..4
28 ..21s 8epl'ber 14...5
18 .3

Pebru'ry 17 ..3
April

August

Au>;u»t 23 ..4
0(tol)«r
6 ..5

M^ 2

So

42,3

41,1

83,4

42,S

41,1

83,6 Sept, 27

30.0

41,1

80,1

Aug. 31
Sept. 28

40,0
89.7

45,9
46.6

42,2

41,1

83,3 Oct.

38,6

40.7

38.8

41.3

38,4

40,3

38,5

44,8
43,9

40,(1

41,2
41.3

79,3 Oct. 27
78,7 Nov. 30

85

25
82,5 Nov, 29
81.9 nee. 27

38,4

40,1

78.0 Dpc. 2«

a«.fl

4!<.ll

I>eo.

H0,B

It is interesting to notice

88,91

83.6
82,4
S2,a

Thus the Bank of France held of gold only 87>^ million
pounds sterling (or say 137i^ million dollars) January 36, 1883,
while now (that is on December 25, 1884), it has over 40J^

decreased from 46 millions to 41J^ million x>ounds, or say a
loss of 23 million dollars.

S.

11,6
11,6
12,1
12,6
12,6
12,2
12,9
13,7
14.1
13,9
15,1
17,0
16,6
15,5

Pr.ct. Pr.cf,

2>9
238
2«a
2<Ib

313
aag
338
338
3^8
338
338
2*.
212
2=4
2

313

15,1
15,3
15,8
15.3
15,2
15,1
15,3
15,5
14,6
15,3
15,8

l'3l6

138
II4
1»8
.1»8
l'»ie
113,6
I'^a

2
II3
1»3
I616

15,9
14,3
14,2
14,3
14,5

I'n
13.6
1>8

14,1

IHe

12,7
12.7
13,1
13,4

1»I6

1^

13,1

13,4
13,3
j

13.2
11,2
10,3
10,3
10,0
10.0
9,5
9,7
10,7
11,0
11.2
12,1
12,5
11.5
11,4

l'l8
138
138
l«ie

\^>
258
I

2%

,2»8
1

414

414
4>8
4I3
3 '8
1'4

4H

1883.

Perct.i 1884.
Porct
January 21. ..4 Febru'ry 6...3'2
februVr 14...3>2 .VliircU 12...
2...2ia
Fi!bru'ry2^...3
April
May
25. ..2
9 ..4 Juno
Hepfber 12. ..SHj October 8. ..3

jSepfbcr 26...3

88,»

Aug. 28

With regard to the stock market little need be said. It has
been as in 1883, only worse.
An unfavorable and irregular money market discourages
activity in stocks. It is no surprise, therefore, in view of the
arbitrary changes in the Bank minimum during the last two
years in obedience to gold and not trade requirements, that
Stock Exchange business should be exceedingly disappointing.
Of course this has been aggravated by the long continuance of
heavy losses the general public have
by the decreased capacity of the investing classes for
making investments, and by the difficulty in procuring from
the banks the " sinews " for operating. This latter ii included
in the abnormal condition of the money market, for the first
effect of such an uncertain, spasmodic condition of the interest
rate is to discourage speculation of all kinds, and make the
banks more cautious.
And the banks have protected themselves in most cases very
carefully and successfully, being watchful and guarded; probthese conditions, by the
suffered,

amount of worthless paper in existence is much less
than for some time. Yet it is true, with all their care and
facilities for obtaining information and for forming a sound
judgment, they have not in all instances been prepared for the
heavy fall which has taken place. This is notably the case in
many descriptions of produce in which the "cover " made on
advances has proved quite inadequate, resulting in considerable loss. This has led to increased distrust but perhaps
as prices have now fallen to a point so low that they seem
scarcely to admit of further reduction, the banking community will show greater confidence. Besides there has been a
ably the

;

general weeding out of reckless operators and also of mercantile firms that were dangerously expanded, so that in more
ways than one the financial condition tends to encourage
greater latitude in making advances. Still caution will undoubtedly continue to prevail, and it should prevail until there

lOotober 29...4

Novemb'r

5. ..5

exist.

Mutual Insurance Company (Marine) has
statement for the year 1884 and makes a good showing for so bad a year. Commercial business was notoriously
dull and yet the total marine premiums were |5,405,796, only
about $300,000 le.=s than in 1883, and the company p lid heavy
losses amounting to $2,109,919. In spite of these cu-cumstancea
the assets remained nearly the same as last year, now footing
up $12,938,289 and the company declares its dividend of 40
per cent on net-earned premiums of the year, redeems the
scrip of 1880, and pays 6 per cent on all outstanding scrip. In

—The

1882.

85.5

millions sterling, or say 202J^ million dollars, an increase of 65
million dollars. During the same time silver holdings have

years.
Perct.!

803

46,3

Sept. 25
Oct. 30
Nov. 2»

For the purpose of comparison we give the Bank's minimum
recovery than as yet
rate, and dates of changes made, during 1884 and previous are better evidences of

1880.

46,4

issued

Atlantic

its

;

the direct connection between the recent years merchants have had no other profits in their bust-'
and the reserve of previous years. Thus in 18S4 tlie 3 ness that were quite as certain as Atlantic Mutual dividends.
per cent rate in January and 3}4 in February and part of March
—Mr. Jo.seph G. Martin of 10 State Street, Boston, has issued
resulted in large accumulations of gold in Marcli which per- his regular annual publication entitled " Stock Fluctuations."
This little pamphlet is a standard authority for all transactions
mitted the 3 per cent rate through the summer.
in the Boston stock
and it gives much more than the
And now it is thouglit that after the ordinary January mere fluctuations in market, Evtry pereon interested in stocka
prices.
disbursements are absorbed, the Bank will again be able sold in Boston should have a copy of it.
rates

.
.

.

THE CHRONICLE.

142

BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.

[Vol. XL.

The followihg return shows the position of the Bank of
England, the Bank rate of discount, the price of consols
and other items, compared with previous years:
1885.

18S1.

£

MXOHAXGI} AT LONDON-Jan.
On-

Time.

Amatcrdiun.

Sliort.

16

EXOHANQE ON LONDOK
Latest
Date.

_.

r"»«-

RaU.

Jan.

Short.

12-12

Short.

Vienna

Jan.
•ff20-70
20-70 »20-74
Jan.
20'70 820-71
Jan.
12-51i4®16-56i4 Jan.

Antwerp

25-57i4®i;.')-62i2

Bate.

12131 ®12-4i3

Amsterdam. 3 mos. 124
20-69
Hambm'f;
.

Berltti

Frankfort.

.

nVi-i^

Checks 25-32 i2®25-37J2 Jan.
Paris
Paris
3 mos. 2.5-57i4®2.5-.?6i4 Jan.
St. Petereb'g
24iaa219,B
Jan.
25-70 ®25-75
Genoa
Naples

46ifla46i4

Cheeks
3

25 33»a

mos

25-37<s
253,8

a

Madrid

2b''5'6

20-50
20-50
12-38

Cadiz
Lisbon
Alexandria

dem'ud

Caloutta

la.
Is.

7»4d.
7i4d.

Hour Kong
Blianghal.

60 dys

51i>ie®51iii(

Constant'ple
York... 60 days
. .

Jan.
Jan.
Jan.
Jan.
Jan.

40i6®46i4

47-50

15 3 mos.

Proport'u of reserve
tBUablliUes

.

I

£

25.626,425

25.443,490
,S.611,S41
3,942.398
24,180,764 24.613 5S0
13,075.807 13,661 9S6
21,477,831 22.216,521
11.377,833 10,853 462

4,797,636
24,931,939
14,4.54,835

21,255,748
12,090,646

21,500,536 21,251,388

4081

403^

20,519,952

37%

4068

Baukrato
5 p. c,
3 p. o,
5 p. c.
5 p. o
Consols
100
1019,«d.
lomji.
100>8d.
liUK. wheat, av. price
329. 7il.
389. 9d,
40.4. Od,
453 5il,
Mid. Upland cotton..
6i«l.
5ii«d.
5»«d.
638d.
So. 40 mule twist
gosi95sd.
9%d.
lO^d.
ClearinK-Houseret'n. 122,934,000 131,316,000 136,912,000 150,436,000

The Bank rate of discount and open market rates at the
chief Continental cities now and for the previous three weeks
have been as follows:

Prom our own

tel.

January

4-S013

4 mos.

Interest at

17, 1885,

state of our commercial affairg has not greatly
There were at first some symptoms of steadiness in
the iron trade, but on the announcement of the failures on your
side the market here became somewhat erratic.
Those who
were hopeful enough to anticipate a reviving trade with the
advent of the new year are therefore threatened with disappointment. The traffic returns of the leading English rail-

same disappointing results, and a more Ciuoial
our internal prosperity, even when allowing for the
quantities of goods carried coastwise, could not be given. The
fact is, the present is a very trying time. There certainly is
not sufiicient confidence to promote an early return of
activity. Important failures are unquestionably becoming rarer,
but the air is thick with rumors which are certainly not altogether destitute of foundation. We hear less about the difficulties in the corn trade, thanks to the slight improvement
•which has occurred, but Mincing Lane still shows discouraging
features. Tlie losses there during the past year or two have
been very heavy, and a long time will be required before a
perfect recovery can be expected. AU descriptions of produce are now selling at a very low price compared with a year
ago, and any slight recovery which may occur represents but
a small gain from a previous heavy loss. This unsatisfactory
sliow the

test of

Hamburg

Madrid
Vienna
St.

4

Petersburg..

Copenhaxen

can be expected. We have now to wait for the
spring trade in the hope that something beneficial will then
be developed. Confidence, however, on whicli all depends, is
usually a plant of slow growth, and there is no reason to expect that it will display any increased vitality in the early

real benefit

Rate.

3«
3H
3H
8«
3H
4«
SH

*ii

6

4

December

December 81.

Bank Open
Markit BaU. Market

4

3
3

4

3

3

2«

4

24.

4
B
6

3
4
4
4
3
4

Bank
Batf:

~W

Open
Market

8
4

mi
s«
mi

mi
mi
mi
2«

4

4
3

4
8
B

4

8«

««

4H

e
5

5

4W

VA

4X

4
a

4

4

6
5

6

4
6
6

B

B

In reference to the state of the bullion market, Messrs. Pixley
Abell observe
Gold.—The only export of the week consists of £50,303 in coin and
bars to the River Plate, there being no demand for any other quarter.
The arrivals comprise £5,000 from Sydnev, £ 17,000 from West Indies,
£19,000 from Brazih-total, £11,000, The transactions at the Bank
comprise uu influx of £36,000 bus and a witlidrawal of £10,000,

&

:

sovereigns.
Silver,— The market has been very quiet and without much variation
for two or three days after the issue of our last circular the
rate remained at 50d, per ounce, but yestor Jay the amounts from the
West Indies and the Brazils were jilaced at 49loiid., and the quantity by
the Chill steamer has to-day been sold at the same rate. We have
received £29,000 from New York. £11,500 from Wo<t Indies and
Brazils, £47,003 from Chili— total, £37,500. The Peninsular & Oriental
steamers have taken £65,000 to India.
Mexican riollars,— There has not been any active Inquiry for this
coin, aid the few small parcels that have come to liahd have been
placed at 48' 'led. per ounce, being lud. per ounce lower than oiu- last
week'd quotation. The " Paramatta" has taken £19,300 to China and
in price;

the Straits,

The quotations
Price 0/ Gold.

for bullion are reported as follows:

Jan.
a.

15.

d.

Bar g^ld, fine
oz. 77 9
Bar gold, eontain'g.
20dwt8. silver. oz. 77 lOM
,

condition of affairs will naturally right itself in the ordinary
co«rse of events, but it requires time and patience before any

8.

Open

~3

a
4
4
4
3
4

The general

varied.

Bunt

Open
Bate. Market

Parts
Berlin

London. Saturday, Jan.

Ja7iu.a.ry

Bank

4s. Ili4d.

correspondent.!

15.

Jtat^sof

18. 718(1.
Is. 7B.,„d.
3a. lUd.

tsfs

Frankfort

ways

A

25,li>3,810

.

New

Bombay

Jan.

24,729.48>
Public deposits
4,489,904
Other deposits
21,664,488
Governm't securities. 14,603,665
Other securities
20.901.698
Bea'veofuotes&coln 12,121,770
Coin and bullion in
both departments.. 21,101,255

1882:

18S3,

£

arculatlon

Span, doubloons. oz.
S. A m .doubloons. oz

Jan.
s.

77

8.

Price oS saver.

Jan. tB. Jan.

d.

9

77 \0%

d.

Bar silver, fine. .oz. 40
Bar silver.oontatn-

15-16

IngSgrs. Kold..oz. 50 5-18
Cftlie silver. .\..oz.

Mexican

dols...oz.

8,

d.

50
50)S

D4
48 11-16 48 1816
Sl-

The crown agents for the Colonies invite tenders for a Jamaica Government 4 per cent loan of £150,000, Tiie dobeiitures now offered will be similar to those already quoted on
future; but until it is thoroughly restored, it certainly will be the Stock Exchange, excepting as regards the sinking fund,
which will commence to accrue for the debentures now offered
idle to look for any permanent accession to business.
The position of the money market lias not varied apprecia- in February, 1890, The minimum price at which tenders will
In spite of the low rates quoted in America and on the be received is £97 10s. per £100.
bly.
The suspension has bean announced of Messrs. Rouse, West
Continent, quotations here keep up, and the stock of bullion in
the Bank of England is only replenished very sparingly. Our & Co., cotton brokers of Liverpool. The firm has been in exexport trade continues to contract, butas a set-off against this istence in Liverpool for about twenty years, and their failure
we have the diminished payments for produce; but wliatever has come as a surprise in the cotton market. It is reported
may be the real state of affairs, we are receiving scarcely any that the firm are some 30,000 bales sliort on arrival contracts,
gold from abroad. So long as this is the case, discount quota- the losses on whicli are estimatel at |15,000. Tlie London
tions cannot fail to.be maintained. The expected reduction in firm of R. J. Rouse & Co. notify that they are in no way inthe Bank is not likely to be carried out until conditions volved in the failure, there being no intimate business relabecome more favorable. The reserve of notes and coin is now tions between tlie two concerns.
According to Kemp's Mer<inntile ffazttte the number of
about £.86,000 more tlian last year, when the Bank rate was 3
failures in England and Wales during the week ending January
percent, but the stock of bullion is still about £400,000 less.
10 was 70, against IH last year, showing a decrease of 84 and
The following are the present prices for money.
making a net decrease to dat-3 of 399. Tlie number of bills of
sale published in England and Wales for the week was 183,
Open market rates.
Interest allowed
against 343 last year, showing a decrease of 61. The number
Bank BUXt.
\

Zionlon

Trade Bale.

Joint

Deo. 13

"

W

•'

Si*

~

"

iiii- 4 ®4 ®- 3%® - 8«S - 4H3 - 4Wi3- 3H9~
4«@ - 4 ® - S>i® - 4M® - t'4S - 3«® 4^3 - AU'H, - 3?sa -AH'S - tlii - 8%a 3=43 - 3H® - 3H® — 4 ® — 4M'S - SMial
4;io

s
&

Jan. 2 5
" 6
:;

Four
Six
Three
Four
Six
Stock
Month) Months Months Months Months Months Banks.
Three

18 5

SH@*

S!H»SitSHSl -'4!<®

- 4Ka- m^4H

SH

At

7(0 14

Call.

Dass.

4

iHiH

SJi

4

iH-Mi

3X
SX

4
4

4X4M

3«
SK

S<4 3ar-S5i

4!4-4y

a« 3^-3«

published in Ireland was 17, or exactly half of the corresponding week last year.
The following memorandum has been issued by the India
Office, dated Dec. 16, 1884, respecting the prospects of the
wheat crop in the Northwestern Provinces and Oudh:
" E.*timated are i undo- pure wheat in Nor:hwestern Provinces and
Oudh, b,rfiS,W)0 acres; normal area under pure wheat, 4,98.5,000 acres;
last year's area under pure wheat, 5,186,000 acres. Thus there 19 an
estimated increase of 558,000 acres over normal area; and an estimated

J

January

lB«t year'H uroii,

up

3fHi

to

i-IiimI In all (llHtridtx. oM('»|il ill low liiiKlH, will'
liiiil
left (no \vi>l fill' iiIiiiikIiIiik; KOI il Imi k,
, im;iI jiroHitcrls of tin* rriip K<*iiotiilly vrry

H

It:

(

THE CHRONICLE.

81, 1886.]

337,000 ncroR over

lll(^^laM.^ (if

i.-'tinu

ihi' iihii.

fuvonililo

iiiitiM

;

Ik

and

{,iov!ii< cii,

.1

I'l'MH (li in-

ii

grcH« uiit-lurn will

i,t.

i

If
uvi;i- iiiuMt

of

ooimlilernlily In ox-

lie

148

(^amm^Kciva and pltsceU»ueons ^tma

ill

p

lininjwroio|i iiiuy bo oxptH-UMl

tlic

Nnvcitilxir.

I

3 1'Jir."

1

.
.

National Banks.—The following national banks hare lately
been organized:
3,292— The l-'lr^it Nnllonal Bunk of Plum Hreok, Noli. Capital, $50,000.

wook aa last. The
H. K, -I'riiipli', I'ri-Bliloiit II, V, Ti'iiipic, (."unlilpr.
Cliy iliink
Rai Ids,
wheat has been maintained, Init that 3,293— The Nnllonal Thomiu) U. of Orajiil President Michigan. Capital,
8600.000.
Gilbert,
.1. Kroderlo Hoars,
is aliout all that can bo said for it.
The improving tcndoncy
3,204—Th<) City National Bank of Dixon, III. Capital. $100,000. Josepb
has certainly been cliocked. A further advance on your side
Crawford, Pn cidont; Samuel C, Kclls, (JsKliler.
Helton
would no doubt bo followed here, but it does not soem that we 3,299- The Miller, NiUlon.-ii Bank. Bolton. Texan. Cipltal, *50,000. J.
Z.
Sr, Prejiiilcnt;
Miller, .Ir,, Cashier.
shall take the initiative in any upward movement. There is 3,296-Tho Comniorcial National Bank of Peoria, 111. (/'apltal, 9200,000.
Eiiot Ciilendor, President Henry P. Ayres, Casliler.
no speculation passing and business is quite from hand to
Imports and Exports fob the Week.—The imports of last
mouth.
week, compared with those of the preceding week, show
The following return shows the extent of the imports of
a decrease in both dry goods and general merchandise.
cereal produce into the Unite<l Kingdom during the first nineThe total imiwrts were |5,480,977, against 10,3*4,013 the preteen weeks of tlie season, the sales and aver.ago prices of
ceding week and $8,774,077 two weeks previoas. The exports
home-grown produce for the same period, and other items, comfor the week ended Jan. 37 amounted to $0,833,763, against
pared with last season:
$7,069,474 last week and $8,034,919 two weeks previous.
The
following are the imports at New York for the week ending
1984-5.
1833-4.
lrt82-3.
1881-2.
Wlioat....
..OWt. 18,291,923 23,521,719 26,0S9,80 i !:3.R79.574
(for dry goods) Jan. 33 and for the week ending (for genera*
Burioy...,
7,386,044
8,767,537
Tlio grain trade is not ao strong this

advance

;

in the vnluo of

;

.1. /.,

;

•

5,36J,80!»
fi90,.'.85

Vkii
HmiimS

lu,il;iucom

Flour

791,6;>1

1,135.970
10,918,313
5,845,874

4,416,112
8)».613
1,482,033
6,736,031
5,707,604

n:itn

7,729,9 18
J,73S, iS6

73(i,0()!l

5,513.475
732,213
8J3,54I
6ll,%92

4,461,977
5,822,751

merchandise) Jan. 33; also totals since the beginning of the
first

week

in January:

1882.

Supplies of wheat and flour available for coniiuraptlon In nlnoteeo
1884-5.

Total

D.-y

beiuj: inuliided:

1892-3.
5,82i',731

1,241.504

23,^9,574
v:,874,904

15,923,000

30,615,097

15.131,000

47,835,559

41,835,538

Av'ge price of English

wheat for seasou.qrs.
Visible supply of wheat
In the U.

8

32s.

1

40s. 3d.

d.

bush. 42,600,000

4l8.

3d.

47s.

Od.

35,500,000

21,000,000

17,800,000

-2,119,000

2,332,000

2,335,000

wheat and

Siipply of

nour afloat to U. K.
qrs
*

*2,059,000

Not Including Baltic

supplies.

The e.xtent of the sales of home-grown wheat, barley and
oats in the leading markets of England and Wales during the
first nineteen weeks of the season, together with the average
prices realized, compared with the previous season, are shown

Barley
Oats

1884-5.
1,249,869
|2,016,7o7
86,698

».

Wheat

1882-3.

1831-2.

913,612
1,202,476
93,680

1883-4.

d.

I.

872,938
954.891
115,704

Barley
Oats

1882-3.

d.

t.

.«7.814,215

$11,409,553

*6,65?,873

*5,430,977

i.-n'Imer'dl8e..

$10,941,043
23,730,198

$10,200,030
22,312,683

$8,733,527
19,199,647

Total 4 weeks..

$37,166,139

$34,676,241

$32,512,715

$27,926,174

In our report of the dry goods trade will be found the im-

dry goods for one week later.
The following is a statement of the exports (exclusive of
ipecie) from the port of New York to foreign ports for the
week ending Jan. 37, 1885, and from January 1 to date:
BXPORT8 FKOH NBW TORK FOR THB WKSK.
ports of

1882.

For the week...

1884-5.
OWt. 17.927,811

41

33

34 3
20 9

19

1
8

1883-4.
17,730,853

Prev. reported..

$4,937,623
13,343,967

22,098,190-

Total 4 weeks..

$25,886,.378

$28,276,837

$23,731,592

$28,981,912

January
1884 and 1883:

since

47
33 10

3

20 10

1882-3.
15,923,000

1881-2.

Week.
Jreat Biltaln

499lB
iiney.
•count...

Fi'ch

reuasdn Paris)

•i9>a

9>Ji:<ii

991 6if
fr 8<)-97i8

U.S. 4Hi3 0f 1891..
II512
U. 8. 48 of 1907
CaniKllan Piieific
4113
Chic, .Mil. & St. Paul.... 71%
Eric, r. null, i>n stock
1333
U
123=8
51 14
i

Tua.

4939

49^

Germany
West Indies
Mexico
Bonth America
All other oouutries. .

P913„

991s

9913,,

798213 79-75
113 Is

88%

Liverpool.

8at.

nonr (ex. State). 10# lb
heat. No. 1. wb. "
Slirtng, No. 2,n.

Winter, South, n
^'. tur, W««t.,n
I

'

.

-Vo. 1

Cal,. .Vo. 2

Com,

"
"

if on.
».

d.

i:;4''8

42''8

42>4

7339
I319

1314

883^

I1514

124%

4mi
74%

74%

ftl>3

13>4

13^4

123%

124

88%

12378
5138
819
89I4

Wed.

TAttr.,

51%

8I9

I

99iB,«

79-87 Lj 79-90
H5Va II514
124% 12478
xtQie
40
74>9
74

8938
Piiet.
(.

d.

d.

f.

d.

10 9

10

9

f.

13U

I24I4
51i«

90
fn.

:

2

9

10

9

7

2

7

1

7

9
7

8

9

3

7

4

7
7

3
3

7

"
"

7
7

8
&

.«,

0'

8
3

910,241

,5'6bo

61,500
11,914

7, COO

26,440
2,603

5987,183
46,400
21,283

$363,436

$855,00O-

11,941

1885

$54,%' 64

38,900

17,854

55,860

3-20,936

373,19ft

Silver.

$183,800

$

$877,460
24,045

CJerman
West Iniiles

9

490

33,956
5,8^4
21,973

?4,425
320,955
57,823

$01,780
433,573
169.460

3;935

South America
All other countries. .

4,23-i

Total 1885
Total 1884
Total 1883

S183 800
616,278
251,745

$905,737
1, -274, 80.
1,255,531"

Of the above imports for the week in 1385, $11,030 were
American gold coin and $3,103 American silver coin. Of the
exports during the same time, $14,030 were American gold
coin.

U. S. SUB-TRE,\sURy.—The following table 8how.s the receipts
and payments at the Sub-Trea-sury in this city, as well as the
balances in the same, for each day of the past week
:

Salancea.

8

'•

mix., old... "
Uorn, mix,, new.. "
Pork, We.si. io(-8s..tp bbl ,'8
Bacon, loni; clear
32
Beef, pr, mesH, unw,f) to 94
Lard, prime West. V owt 36
Ohoese.Am. choice
|62

«

345,793
411,892
3M,262

1

8(98
4>3 7 4I3

9

SiiuseJan.1.

231,600
104,142
25,094

d.

10
7

Week.

5?8',720

*reat Biitain

9915,
yyiBia

80-90
11538
12478

TORK.

$3,500

49%

99iii,a

818
I

Fn.

991316

5m
8i8

Reading

Xew YurkCeutral

Thurs.

4938
991 lis' 0J13,j

•

'<s:

Wed.

NEW

Imports.

SinceJan.l.

$

Total 1884
Total 1883

:

Mon.

for the week ending Jan. 34, and
and for the corresponding periods in

Ooid.

15,131,000

The daily closing quotations for securities, &c., at London,
and for breadstuffs and provisions at Liverpool, are reported
by cable as follows for the week ending Jan. 30
Sat.

1885,

Exporlt.

T«.t»l

Lnndon,

$6,833,763

New York
1,

BXPORTS AND I-HPORXS OF SPBOIB AT

Reports— Per Cable.

Ensllata Jntarket

1885.

$7,314,715
20,932,122

d.

a.

Converting the quarters of wheat into cwts.. the totals for
the whole kingdom are estimated as follows:

_
Whe.-it

1884

1883.

$6,517,309
19,369,069

1881-2,

It.

40 3

32 1
31 1
19 3

perqr.

$1,866,468
3,364,509

$12,326,440
24,839,699

AVERAGH: PRICES.
^^^

1889.

$2,126,768
4,530,105

1.

at the port of

1883-4.
1,214.501
1,974,210
161,933

1884-5.

*3,S15,i48
7,591,105

The following table shows the exports and imports of specie

SALES.
qrs.

1884,

13,134,486
4,679,729

mor'dlse..

Total
ilineeJan.
ry goods

in the following statement:

Wheat

1883.

1

1881-2.

26,089,808

23,524,719
5,845,874

25,249,401

goods

9™'l

1883-4.

Imports of wlioat. owt.lS,291.028
Iniput'tJi of flour
5,707,604
B»le« of home-gruwii
produce
1,249,860

TOBX.

2,874,964

for Week.
weeKs, stocks Sept. 1 not

miW

FORBIOM IMPOSTS AT

9,ti25,03l»

7 7
7 4
"6'
58

6"

32
83

6

10 9

7

7
i'Vi"

4 11

58 O

.=.8

32

S2
85
3d

6

85
36 6
62

162

6

l... ....

4 11
58
32
85

36
62

;i

Date.

Jan. 2(.
•'

"
•'

ill'
58 t>
32 O
S5
36 3
62

"

"

•2,932,733
1,917,336
1,14^,017
1,037,970

26.

27
28,

29

t

70
34
SS

30
753,389 23

i

30!|

Total...!
*

Payments.

Receipts.

1

1,360,167 63

12.212,144 57

Coin.

S
1.144,832
1.120,152
1,223,039
763.155

Ourreney.

63 127.736.264 06 18.313.031 26
Oj 128.431,259 .36118,942,223 24
91 12H,14-<.734 82 1<.>, 144,713 19
01,12"l.-22-2,062 09 19.360,623 2t
9,34,14(1 18!l27,732.272 54; 19,650,455 81
4,096,118 16:138,113,842 42 19.533.235 4i*
9.108.513 9«l.

Includes $ J.OOO.OOO gold cortiHoates put Into o.ish.
Includes 4^3,399,000 gdd certificates put lutoouiih.

:

THE CHRONICLE.

141
Anthracite Coal

Combination.

—The

representatives of

the anthracite coal companies met at
the office of
the Pennsylvania Coal Company to consider the polthe
of
icy to he pursued in view of
the report
special committee, that the Pennsylvania Railroad Company
had declined to join the combination. The I'ailroad company
was not represented at the meeting, but sent in a communication expressive of its desire to work In harmony with the
other interests, but not binding itself in any way. After a
discussion extending over an hour the following was passed
:

Resolted, That, exchicliuK tlie.iuterests of the Pennsylvania Railroad

Company, we will carry oat tlie plan oii'-'iaally ncliipted for the arrangement of the trade, anil tliat witli the view of recovering the market for
steam and luanufaclunni: purposes from bituminous coal by the sale, at
piic( 8 ot a sufflclect quantity of anthracite coal, t. '00,000
tons are to be added to the assumfd total output for the year 1885 provided, however, that none of the said 1,000,000 tons ho added to the
quotas tor February, March, April or May.

reduced

The companies will act as a combination, and the extra
million tons will be sold at a reduced price to large consumers
now using bituminous coal, the consumption of which has
largely increased, seriously cutting into tlie anthracite trade.
No change in percentages will be made, as it is assumed by the
companies that the production of the Pennsylvania will be 8
per cent of the 30,000,000 originally fixed as the total output,
the percentage intended to be allotted to it in case it entered
the combination. '1 his interest, however, received last year
10'4 per cent of the total output, and has announced its readiness to bring up its production this year to 13 per cent.
Pacific Kailroads.^The Senate Judiciary Committee has
the CO-year funding bill, but it seems rather
improbable that the bill will pass both Houses and become a
law at this session of Congress. No estimate has been issued
of the amount of money which would be calletl for yearly
from the two great companies vinder the provisions of this law.
The essential features of the bill are as follows: The subsidy
debt of the Pacific roads, including principal and interest
accrued and to accrue, the latter to be figured at 3 per cent, is
to be determined as of April 1, 1885. This gross sum is to be
divided into 120 equal parts, one part to be paid with interest
from April 1, 1885, at 3 jjer cent per annum, on the first day
of April and Octoter respectively in each year, the first payment to be made on Octob-r 1 next, until the entire debt lias
been paid. It is provided that no money shall be paid by tlie
Government to the companies for services until the bond next
maturing has been provided for. The statutory lien created
under previous act shall remain a« security for the payment of
these bonds. The companies may anticipate their payment ami
issue other bonds for the purpose. The companies must not dispose of assets other than in the ordinary course of business
without the consent of the President of the United States, and
must not pay dividends unless earned, and unless maturing
indebtedness to the Government has been provided for. The
bonds may be declared due in case of s x months default on
any redumption bond. The companies have three months in
which to accept the act. If ihey fail to accept it, the amount
to be collected under tlie Tliurman act is to bs increased from
25 to 35 per cent of annual gross earnings. In ca-e the companies do not accept ths aot, the Tliurunn act is to be amended
to allow the investment of the Government sinking fund in
first mortgitge bonds of the companies or in securities of the
United State-, at the discretion of the Secretary of the Treasury of the United States.

recommended

Fliiladclphia & Reading.— The board of managers liave
approved their report of the finance committee which was
appointed to consider the report of the committee on reorganization, which was submitted to the stockholders at the annual
meeting held Jan. 13, 1885. The committee's repoit is
too long to quote entire, but the following extracts contain
salient points. The committee say:
agree with the three
principles laid down at the beginning of that report, to wit
1. Tliat the fixed charges must be brought within the limit of
net earnings, and that no higher estimate of those earnings
should be made than the earnings of last year.
2. That the existing order of priorities must be maintained.
3. That the floating debt must be funded, and that meantime it must be dealt with in detail at the best discretion of
the receivers.
Proceedins: to details, we agree to the full payment of all
those obligations which the committee's plan proposes to pay
in full. Concerning the divisional coal land mortgages, we
agree with the committee's report. * * *
The same acquiescence applies generally to the rentals and
guarantees specifically named in the report, and we agree to
all its suggestions in respect to leases and guarantees.

We

At this point we encounter a question deserving separate
consideration, to wit, the lease of the Central Railroad of New
Jersey, as to which we are led to believe that even though no
fixed obligations should rest upon our company beyond the fixe J
charges and the net earnings of the Central up to six per cent
per annum upon its stock, those net earnings will within a
short time, if the union of the two systems continues, amount
to such bix per cent.
consider it, however, indispensable
that the lease be so modified as to make the rental beyond
fixed charges equal to the net earnings of the Central up to a
maximum of six per cent per annum for a period not exceed-

We

ing five

yeai-s.

General Mortgaqe.—-We are fully aware of the policy, as
well as the obi igation, of meetmg the general mortgage coupons
in full as they mature, and in a normal condition of the coal
trade we should recommend that this be done. At present
we recommend that the general mortgage coupon due Jan. 1,

[Vol. XL.

be paid in cash, even at the cost of an unusual effort, and that
thereafter the January coupon be paid in full, while for the
July coupon for three years there be given scrip secured by
the coupon, one series of scrip for each year, redeemable with
interest at six per cent from maturity of coupon until payment, out of the first surplus earnings, before any subsequent
interest not embraced in the proposed fixed charges be paid;
the surplus earnings of any one year to be applied in all cases
to the series of a past year if any is left unpaid.
Under this
plan, if sufficient earnings are made, the scrip given for the
July coupons will be paid at the date of the maturity of the
coupon. Provided, however, ihaX &\\ conditions of the gener.)l mortgage which establish or call for a sinking fund to
extinguish the bonds issued under it shall be suspended until
the company shall give due notice of its readiness to resume
the sinking fund stipulations. '* *
We recommend further that, if it shall Jje found practicable and expedient, $1,000,000 of the future collateral trust
loan shall be set apart as a specific pledge for the redemption
of all unpaid general mortgage coupons.
Income Mortgage Bond.s.-t- * * * It will be understood that the new income mortgage bonds will hold the same
independent security upon property not covered by the general
mortgaae as do the existing income mortgage bonds.
The Floating Debt.—This we agree should be treated substantially as proposed in the report, yet though no definite
arrangement for funding that debt can be made while the
question of foreclosure remains as a present menace, we recommend that in view of the hope that foreclosure may be
prevented by amicable arrangement, detailed plans for such
funding should be studied and prepared for putting into operation as soon as practicable.
The volume of securities, other than its own obligations,
which are owned by the Philadelphia & Reading Railroad
Company is so large, and their independent earning power so
great, as probably to justify a sound collateral trust loan of
amount approximating that of the floating debt. We do not,
however, feel called upon at the present time to append a
statement or valuation of those securities, or to indicate, even
in general terms, a plan for making them available.
The committee's report is obviously right in pointing out
that the duty of providing the funds for retiring the floating
debt and other liabilities, including several millions of receivers' obligations and overdue coupons, must largely devolve
upon the junior security holders, the floating debt holders,
the stockholders, and the deferred income bondholders, all of
whose interests are necessarily in jeopardy so long as the floating dfbt remains unpaid.
In order to provide for the contingency that so many junior
security holders may refuse or neglect to accept within the
stipulated time the modifications proposed for their several
classes as to defeat the carrying out ot an amicable arrangement, thus rendering foreclosure inevitable, we recommend a
prompt and careful study of the best method of reorganization
under foreclosure, with due j fotection of the interests of those
junior creditors who shall wiihin that lime have assented to
the terms proposed.
We recommend that the written assent of all parties interestel be asked, upon the condition that the assent so given
shall become binding only when, in the judgment of the
Board of Managers, a suflScient proportion shall have given
such assent.
We recommend that the time for giving assent to the settlement proposed be fixed to end on March 31st, 1885.
The thirty-fifth annual report of the Manhattan Life
Insurance Co., wluch appears in another column of this paper,
illustrates the steady growth in times of depression of the
sound, well-managed institutions in which the public have
confidence; also the dispoeitian to abandon speculative and
doubtful enterprises in favor of the conservative and prudent
investment in insurance for the benefit of families and friends.
Despite the universal dulness of business, the new insurance
of tne Manhattan during the past year has been large, and a
great part of the increase has come from persons of moderate
means, who make insurance a permanent investment. The
company invites the attention of business men to its annual
statement.

—

—

The Mutual Life Ins. Company of New York publishes its
annual statement for the year 1884, and shows assets now of
$103,876,178, and a surplus on the Massachusetts basis of
$1,743,771, or on the New York basis of 4)^ per cent interest,
a surplus of over $12,000,000. The progress of the Mutual
under the strong and conservative management of Mr. F. S.
Winston, its President, has been of the most substantial
character.

—

Auction Sales. The followin?, seldom or never sold at the
Stock Exchange, were sold at auction this week by Messrs.
Adrian H. MuUer & Son.
Sharrs

Shares.

220 Kat.B'kofCom'oe..lJ5'8-147i4
100 Na-. Citv Bank of N.Y.. 250
.30 United States Trust Co.. 461
10 Chemical Nat. B'k .2510-2il'l
1(10 Sun Mutual his. I'o ...f.l>3-51
10 Newport <t Wickford KR.
& Sieiunboat Co
Zi'^
10 Keal Estate Exchange &
Auction Room, Limited. 100 \i
1 Clintim Hull Asso. laii,)n. .5.5
100
100 Staudanl Fire Ins. Co
6i Marine V!M. Bank... .$3 for lot.
40 United Qiis Iniprovem'nt

Co

,

Philadelphia, Pa...

20Gefmania iiank

70
191

100 New Central Cial Co
100 Manhattan Beach Co
25 Bank of Ameiica
100 CioisolidalioiiCoal Co

5H

14

IhZH

18
Edison Eleefc Illuni'gCo. 60
13 Franklin & Empoilum
Ill
Ins. Co
l'24is
23 Clinton Fir« Iiip. Co
1 C inton Hall .^-sociatmn. 40
50 Metropolitan Nat. Bink. 13%
Bonds.
,000 Jersey City 7s, coup.

7.T

dae

$30

lOiif)

St. L. &,

olaes A,

lliimdlnt.

San. Fran. KR.,

bond scrip

51

:

Januart

THE CHRONICLE.

81, 1886.]

Jhc

IPauUcrs' (Saxctte.
OIVIDBNDS.

The followlmr rtlTldeiiA^

>iave recently Iwen annoanoed

fer
cent.

Same of Company.

WKin
PayabU.

:

:

.)

@

Rallroadn.
CN'iiiM'i ilciit ct I'uss.

M :iliM'

F«b.
Feb.
Feb.
Feb.

raclllo

r:itl;t<]lai)

t't^ii

I

N.Y. rrov
Norwlcli *fe

Rivers

rjU

.V II.

(.SloElngfn) quar.

3
9

17
I

Feb. 17

la K"b. 11 to
10 Feb. 1 to Feb. 11

B

Wnri'i'^^ivr

To-day tho rates on nctiinl biLsinoss were na follows, y\z. :
Bankers' 00 days' sterling, 4 8iU@4 83i; demand, 4 80}@4 87.
Cobles, 4 87.V@4 87^.
Commorcial bllU were 4
81f.
Continontjil bills were: Francs, 5 2IJ@5 2'i.i and 5 19|®
a 20; reichmnrk", 01^ and Wk\ jfuilders, 40 and 40^.
Tho following were the rates of doinoHtic exchange on New
York at the under-mentioned cities to-day Savannah, buyinfr
par; Charleston, buying par
} discount, selling i discount
(/h\ premium, selling \ premium; Boston, 33®40 premium;
New Orleans, commercial, 100 premium; bank, 75 premium;
St. Louis, 75 premium; Chicago, 50 discount.
The posted rates of leading bankers are as follows

8H@4

llmkt CloMd.

{Day inclutivf

U5

:

Ranks.
Cnrn

tho Ki-iMibliu...
Nut. Kxiiliimgo Buuk..

Nntloiiitl n.iiikdr

New Yolk

2 fan. 25 to F.-b.
9 Jan. 31 to Fib.

Feb.
Feb.
Fob.

K.vcliiuiK'''

a
3
7

Merchant
inincollaneoas.

5

Iowa RR. Land

Fob.
Jan.

Parts (franca)

2«

48II4

5224

Amsterdam

Co. (qnar.)

Day Demand.

Sixty

Prime bankers'nturllug bllla on London..
Prime oommerotal
Documentary oommerolal

9,

SI

h'

30.

8

V

Inaiiirauco.

Broadway

January

1

4 91

(gulldera)

40 "a

Franhfort or Bremen (relohmarkii)

e4i>8

4 87>a

520
40>4
9514

HiEW VOKK, FRID.4V, .r.4N. 30, 1NM3.-4 P. A(.
The following are quotations in gold for rarious
Coins
The Money Market and Financial Situation. Tho jtiist coins:
$4 84 »$4 87
Sliver H» and ^ss. — 99\9 par.
week lias not been marked by any extraordinary devclopinentH 9>verelgns
Nkpoleons
—
Five francs
The recent heavy storms X i Keichmarka. 3 85 a 3 90 Mexi'^an dollars.. — 92 a — 94
in commercial and financial affairs.
4 74 -a 4 78
— 84 » 84\
at the West and South have (ended to impede travel and retard XGulldora
3 96 a 4 00
Do uncoitiraero'l. — >-3>4 9 — 81
— 77 9 — 80
Peruvian soles
business, and tho natural effect of this is shown in decreased 8 ian'hD9iibloon8.15 70 '«15 85
Mix. Doubloons.. 15 55 »15 65
English silver
4 78 WIS*
railroad eaniings.
F lie silver bars .. 1 07148 1 0^
U. 8. trade dollars — 87 « — 89
parA I4 pren; O. 8. silver dollars— 99 \ 9 par.
Amonff tho events which had a special interest for Wall Fine ^old bars
Dim !»i& ij tlliuea. — 99\a par
Street were the new combination between the anthracite coal
United States Bonds.— Government bonds were weak in tho
companies and the introduction of the new silver bill and the
Pacific railroad bill in the United States Senate.
The new- early dealings, but latterly the 4s have been quite strong and
departure of the coal companies in deciding to increase the pro- advancing. Transactions have been moderately active.
The closing prices at the N. Y. Board have been as follows
duction of anthracite in 1885 by 1,000,000 tons was certainly
anespected, and it was accepted as a determination on the
Interest Jim.
Jan. Jan. Jan. Jan.
Jan.
Periods.
21.
2.'*.
26.
27.
part of these companies that tho price of anthracite must go
28.
30.
lower to meet the competition of bituminous coal. This may 41*8,1891
.. reg.'Q.-Mar. •II2I3
1123? •112% ni2:!a •U214 112i«
be the best policy, but at the same time may entail a present 4<<n, 1891 ... .ooup.lQ.-Mar. •1121a 11258 -ll23fl •11238 •112% •ll2ag
49,1907..
..reg. Q.^an. •121% 12138 121 'a 121^ 122
121%
diminution of receipts to the anthracite companies.
conp.Q.Jan. '121^1 1211s •12m) 12179 12178 121%
49,1907..
The silver bill just introduced in Congress, which provides 33, option U. 8. ...rog.Q.-Feb. '10115, lOlSt M0138 •10138 •10138 •lOli*
•125 •125
•125 •125 •125
for retiring the trade dollars, and stopping the present silver 6%oaT'cy, '9:>. ...reg..I. & J. *125
'9«.
*127 •127 '127
•127
coinage under certain contingencies on the first of August, 1880, 63, onr'oy, '97. ...reg.iJ. & J. *129 *129 •129 •129 '127 127
6 i, cur'oy,
..reg.iJ. & J.
•129 •129
is supposed to have been considered the best bill' that had any
i, cur'oy. '98. ...reg.:j.
& .T. *131 •131 •131 •131 •131 •131
•133 '133 '133
'133
•ns •133
chance of [)assing at the present session of Congress, and there- 6».nnr*nv. 'H9. .rBff.'.T. *

—

<

.

.

,

.1

fore its cffe.-^t, if passed at all, will probably be good.
The
Pacific railroads bill, if it becomes a law, will settle the whole
status of affairs b(^twccn the Government and the companies,
and will do good in thus defining the position of the companies, and rendering their obligation certain.
No estimate has
yet been given out as to what tho annual cash requirements from
the respective compaiues would be under this law.
At the Stock EJxchange the prices of several stocks have
been strongly sustained or pushed upward, indicating a good
deal of vitality among the bulls in those stock.s, and there is
little doubt that the whole market would greatly improve if
the railroad wars were settled.
The business of the country
ha.s not gone.
There is enough tonnage, and likely to be
enough, between East and West, to pay the railroads a fair
profit ; and tho tonnage being there and certain, it only remains
for the railroads to make fair rates and maintain them, to reap
the benefit of their operations. If stockholders sec and appreciate these points fully, it may lead to an earlier settlement of

the difficulties.
Rates for call loans during tho week on stock and bond colterals have ranged at |@l^per cent and to-day at J@l per
cent.
Prime commercial paper is quoted at 4@.5 per cent.
The Bank of England weekly statement on Thursday showed
again in specie of $630,000, and the percentage of reserve to
liabilities was 45 J, against 43J last week
the discount rate
was reduced from 5 to 4 per cent. The Bank of France gained
1,613,000 francs in gold and 1,697,000 francs in silver.
The New York Clearing House banks, in their statement of
Jan. 34, showed an increase in surplus reserve of $964,230,
the total suqilas being $53,113,035, against $51,148,775 the
previous week.
The following table shows the changes from the previous
week and a comparison with tho two preceding years in the
averages of the New York Clearing House banks.
;

188S.
Jan. 21.

Differ'neesfr'm\
Previous Week.'

1881.
Jan. 2d.

1883.
Jan. 27

Ix.'m.sanddis .$2!)4.:n7.00C Deo.$l,020.800 $333,989,200 ^SlG.gO.i 400
Bpecio
99.nnit.300 Inc. 1,423.700
72,921.300
6J,937.70i)
Circulation ..
11.27.5.030 l>ec.
14,«69,3iX
38,000
l«,98.=i,8 10
NetdepoKlta.. 311.749.9 JO Dec 1,976,2J0 319.8st4,I00 309,120,100
Legal tcndBrs.
40, HI 2 10 Dec.
9,i3,50O
34,031,000
23,351,400
Legal reserve S87,937,17.'^ Dec? 494,<50 $87.473,.525 $77,281,525
Reserve held. I40,0i0,500 Inc.
470,200 106,952,300
87,239,100
"nrpliig

Exchange.

$.'i'.',li:H.025

Inc.

$!>R4.250

$19,478.775

Ifin.007.ri7.5

—There has been less demand for sterling exchange

the past week, and on Monday po.sted rates were reduced 1
cent; the moderate supply of commercial bills and a slightly
incrciiscd demand, however, caused tho restoration of former
ratos, but on tho announcement of the reduction in tho Bank of
England rate from 5 to 4 per cent tho demand rate was reduced
I cent, thus narrowing the difference between sight and time
bills.
Posted rates close at 4 84 and 4 87i.

TUia

IS

cue

Mx'ioti uiil

I

at cue iuoriuii<< uutu'a; uu sale

—

vtita ui,«a'->.

State and Railroad Bonds. Transactions at the Board in
bonds have been relatively large, embracing a number of
issues, as follows: $52,000 Arkansas 7s (various railroad issues)
at 30-31; $13,000 North Carolina 6s, 1919, at 109i; $10,000 do.,
special tax, at 4^; $35,000 Virginia 6s, deferred, at 5; $30,000
Tennessee compromi.so bonds at 50-50J, and $1,000 Missouri
State

1888, at 104|.
for railroad bonds has been only moderately
active during the past week at generally irregular prices, and
there have been few important changes.
Brie 3ds have been
active and weak and West Shore 5s quite strong on moderately
active transactions, but close at 34|, against 35 last Friday; Erie
3ds close at 53|, against 55; Ea.st Tennessee 5s at 46J, against
6.S,

The market

46; Richmond ifc Alleghany lstsat53J, against 50 J; Louisville
& Nashville, New Orleans
Mobile Division, at 71f, against
Texas Central, 1st maiij line, at 89, against 90;
71; Houston
do.. Western Division at 78, against 83 J.

&

&

—

Railroad and Miscellaneous Stocks. The stock market
has been dull the past week, the sjieculation being confined to
a few leading shares.
Lackawanna was the mo.st active, and
generally led the fluctuations of the market.
The course of
prices has been somewhat irregulai', the early dealings being
marked by weakness, but latterly more strength has been maniaccompanied by a little more activity.
of weakness in the early part of the week was the
reduction of West-bound freight rates, but this was followed
later by an advance in East-bound rates to schedule prices
fested,

One cause

owing

to the inability of the roads to carry all the freight
offered on account of snow blocka es ; this had a good effect
on the trunk-line stocks and grangers. St. Paul, however, has

been weaker than other grangfir stocks, which

may be accounted

of hostilities between that road and its new
competitor, Wisconsin Central.
The agreement of the coal companies independent of the
Pennsylvania K. R. (notwithstanding that it is construed as
necessitating lower prices for coal) had a good effect on the coal
stocks, and they have been stronger than the general market,
for

by the

fear

Lackawanna having advanced .sharply on Thursday, although
this was due in large part to manipulation against the shorts.

Much weakness has been developed in Central Pacific, the
Oregons, and Northern Pacifies, and various rumors have been
afloat in regard to these properties.
Free selling was reported
from Boston of Oregon Navigation, prompted by the heavy loss
in earningson account of snow blockades on the company's lines.
To-day, Friday, the market started off well, with Lackawanna
rising to 90i, Northwest to 90i^, and other stocks following in
strength but in the afternoon prices weakened, and there was
a decline of more or less importance throughout the list.
The
withdrawal of Grand Trunk of Canada from the trunk lino
pool, ruoiors of Mr. Gould's illness, and selling by the Lackawanna pool, were the principal causes assigned for the weakness.
;

—

...
...
.

1

THE CHRONICLK

146

[Vol. XL.

NEW YORK STOCK EXCHANGE PRICES FOR WEEK ESDING JAW.
HIGHEST AND LOWEST PRICES.
STOCKS.

Monday

Tuesday,

Jan. 26.

Saturday,
Jan. 24.

Wednesday, Thursday.

Jan. 27.

Jan. 28.

Sales of
the Week
(Shares).

Friday,
Jan. 30.

Jan. 29.

AND SINCE

30,

RAILROADS.
Boston A N.Y. Air-Une, pref..
Burlington Ceil. Kapids & No.
Canadian Pacitic

9018
•57I2
3914

30

Cedar Falls

&

4014

30

"oU
•10

Istpref

-51j

2(lprel

313i 33 18
3934 31

6I2

•5>4

12

•Sia

pret.

St.

& Om.

Paul Minn.

Do
Cleveland Col. Cin.

&

i'l'ii

3034

32=8
2934

33 ii

32=4

31-18
613!

27

pref.

Indianap.

171a
•241a
•86 14
*31

•513
•lOia
•534

I3II4I3II4
117'8ll8l4 118
7234
72 14 73 Is

&

Do
Chicago

61a
10i»
8

lOie

7

130 13 130 la
Qnlncy. 118 llSiii!
& St. Paul 72% 73 14
108
pref. 103
Do
89 14 90
Chicago & North we.stem
pref. 125 "212513
Do
Chicago Kock Island A Pacific 10734 107'8
8I4
*7
Chicago St. Louis & Pittsliurg.

Chicago Bnrliugton
Chicago Milwaulice

41"

•9

10439 10438 10534
89 19 90
89=8
125>9l26i4 125'6
1071a 10713 108
8
I7I2
171a 1713
2534
20
25=4 26=4
86 14
80=4 •85
87

33

Colombia & Greenville, pref...
Delaware Lackawanna & West.

83=8

¥3i4'86i8

8514

81a

8»B

813

81a

3

59

Do

Ga

i&

pref.

&

Torre Haute
Green Bay Winona & St. Paul.

EvansTllle

& Texas Central

Houston

Do

leased line 4 p.

&

3

5

513

•36

40

•2=4

3I4

8b->a

40

8534

'36

8=8

8I4

3I4
514

3%
5%

12

12'8
61

1234

I2.I4

60

6O34

•1214
6O34

«65
23=4

66
24 14
19

CO
241a

18=4
65I3

66

66

IZia

121a

*89

Michigan Central
Milwaukee L. Shore & Weet'rn

Do

pref.

& St. Lonia
pref.
Do
Missouri Kansas & Texas

31
•10
•24
15 "8

Minneapolis

93

7I4

at.ljouia

New York Central & Hudson..
New York Chic. & St. Louis
prof.
Do
New York Lack. A Western
New York Lake KrieA West'n
..

.

Do

.

pref.

New York New Haven *, Hart.
New York Ontario & Western.
New York Susq. & Western

15=8
9334

•7

7'4

oh

94 18

Is

12=4

•20

51a

85
13

13

26

85
13

"14" "14"
177

noai'iiii

Ilia
•II9

214

pref.

T

Do
.

I'4

-

A Trans-Continental...
Peoria Decatur A EvansviUe..
Philadelphia *fe Heading
Pittsburg Ft. Wayne A Chic.
Rich. & Alleg., stock trust ctfs.
Oregon

.

&

1'4

11*

16%
38=8
1'4

18

934

"131^
13
*12>a 13

1234
1213
•1513

i24iim>i 124

13 Is
121a
161a

15%
95

'1

•4%

5%

14'8

I4I4

11

1613

16%

lia

12 14
121a
16

214

& Shd Francisco

234

2=4

234

n7

pref

1%

2%

•18
•36

•18

83
89

83
80

83 13 83 13
80 14 8914

84 13 84%
89
89

I214
4812

12'^
4938

Dnlnth

A

Pacifle

Wabash

St.
1)0

Louis

A

Pacific.

.

.

prof

MISCEM.ANEOUS.

.

...

Pullman Palace Car Co
Quick.silver Mining Co

Do

021a

521a

55

5134

68=4

26

2614

prof...

EXPRESS.

Ameriaan
St;it,os

122%
13
13

•65% 67

Fargo A Co
INACTIVE STOCKS.
Chicago A Alton, pref

"Wells,

9OI4
•sola

140

•105

91
33
110

75

108

'

•132

75

51

108

51
108

200
34,044
7,063

69% 70%
27% 27%

200
5,875

9334
•54

9334
61

700
100
100
70

•31
•11

12%

410

30

•117
33
87

4%

16 14

i'Mo

95
9
120
30
88 >4

3,200

8

8534

12%

1234

4%
8

•84% K334

12%

12=4

14% 14%

22

100
320
500
63,925

200
2,200

240
3.733

116
1,970

90
527
125
100

180

21

21
15

15%
36% 37%

1% 1%
17% 17%

1034

103,

46

19
3

100
3,695
43,481
1,870

700
100
12
13
16 "4

14356

124%

725
200
200
100
115

405
1,600

46

•2=4

3

•18

22
82

*

19%

•18
•35
•81

•234

•18'

3

'20

81

.

35% 33%

82%

82% 82%
89

89

12=4

12=4

48% 49%
5

•83

84

•4

50

.

.-

100
685

8134

"12% "12%
48=4

Lowest.

1.-»l^T,in
iySi."!T(iti

"6934

934

69% 71%

'3%
-9
69=4

706
400
2,305
78,985

5

134
91
•50
103

135

74

135

91
52
»106

135
91
62
108

7
934

72

23

25

52
108

91%

'

"sfc'o

•133
•90
.51

•106

27

4%

17i4Jan.

7
6

40% Jan.

S,

10
17
14
37.4

23

Jan. 29
Jan. 17
36% Jan. 29
IHJau. 10
16 Jan. 19
9 Jan. 7
15'4Jan. 9
11% Jan. 29
12% Jan. 22

62%
54%
112%

0%

10,006
9,770
1,625
100

30

68%
138
91
52
108

Jau^lO

14

Jan. 13
2
Jan. 5

834
?''

1«1

Ti»n

'>

iyr>3^

91

IK
Jan. 28
19
19 Jan. 2
234 Jan. 26
17 Jan. 2
20% Jan. 2

Tmi

7
17

2% Jan.

2

ij'duJan.
3934 Jan.

A

87 Jan. 14
89i4Jan. 20

54% Jan.

9

Jan.

3

66%

13%Jan.

3%
14

175
361

"10" 10"

Honiestako Mining Co

and asked

:

no sale was made

at the Board.

8%
200
51
140
86
2014
lO-U
10434

78 14

61%
36
79
24

40
105

94%
16

44

18%
36%
2314

100
1334

127
58
122

10%
2034

94%
28%
71

17%
184

16%
8
18>4
1fl%

42
27

57%

4%

25%
113;
;!4

32
24
50
96

21
1934

32

.Tnn'^'a

07
10

2 185

Jan.
Jan.
62%J.in.
2 110 Jan.

Jan. 22 ISO

.—

Jan. 19 110

17%
114

17%
122% 170
8»4 65%
60=4 112
67%
31

Jan. 10

2;

"i'oo

id"

Jan.'

30

16"

..

...

The-se are the prices bid

8'*.

14%
61

90

117

6%

20
49

.<U

28 123
13
87
10
45
16
98

IS7
102

78%

61%
115

80 34
152
50
145
19% 24
130
Jan. 22 113
90
45
146%
Jan. 3 ISH
11
9
Jan. S 02
Jan. 29 142
50
Jan. 8
137

1

122%
39% 40

t

Lower price

is

ox-dlvidend.

Jan.

1-9

1I2I

80

18
8

23

Jan.'

5
14

Consolidation Coal

^

82

9ni.".

'3

1

......

25%

61%

138% Jan. 26 iid
116

33

1S3%

12734

Jan. 28! 78
Jan. 29 147
Jan. a 50

61

69%

1

87% Jan. 3 93

20 104%Jau.

38%
100

7

334

Jan.

149%.
12634
I314
33

8

Jan. s6; SO Jan. SO
53%Jau. 2 68%Jan. 30
Jan.

94 14
119
124

27
Jan. 10

4

10% Jan.

3934 Jan. 29j 73

48

17
1401*
12734

49

53% Jan. 301 38i4Jan. 23
107% Jan. 2 112% Jan. 30

315 130

Mississippi prof

i36% i36%

15
4
9

SO
43,183

16

28

74

Jan. 27
Jan. 10
Jan. 3
Jan. 22

21" Jan

2
14
Jan. 10
Jan. 7
Jau. 12

50% Jan.
16

12
0734

11% 29%
24% 50
96%
70
8234
13
90'
65
76% 99
90% 93
5% 22%
84%
28

8

79=4 Jan. 2
89 Jan. 24
11% Jan. 22
45% Jan. 2
16 Jan. 10
4i4Jiln. 14
1214 Jan. 23

57%.

90

1% 16%
14
18

.87% Jan. 10

CJiiri<'o

iss'iss"

12

2

Jan. 30

81

68H

5

Jan. 10
21 Jan. 14
3i4Jan. 2
17 Jan. 2
21i4Jan. 12

18% Jan. 17
35% Jan. 30

135
90
80

3r» 61

48

.

Hlgli.

34%
17%
10% 00%
119% 136

14% Jan.

122

Ohio

A

2
Jan. 14

140e
5

200 74
30 147
60

147" 147'

Banbury A NorwiUk

Joliet

jau.

134 Jan.

19
10
16

44% Jan.

8

'9

4% Jan.

27

21
15

'425
16,333

•3%

Low.

134

4% Jan.

61

•52

Highest

£"

712

54
7

For Full
Year 1884.

1885.

Jan. 12 129 Jan. 17 126
Jan. 5 90i4Jan. 7
80%
30
37 Jan. 17 44% Jan. 3 39
29% Jan. 29 32 Jan. 14 2434
8
3134 Jan. 26 40% Jan. 3
37%
2034 Jan. 30 35 14 Jan. 3
SO
5% Jan. 7 6% Jan. 14
6
9% Jan. 28 11 Jan. 10 9%
5% Jan. 20 8 Jan. 15
6%
128 Jan. 2 131% Jan. 22 118
115% Jan. 2 119% Jan. 14 107
70% Jan. 2 76% Jan. 12 58 14
102 Jan. 28 107 Jan. 14 95%
84% Jan. 2 91% Jan. 14 81%
11934 Jan. 2 126% Jan. 15 A17
105 Jan. 2 109 Jan. 14 100 14
7 '4 Jan. 2
8=4 Jan. 10
6
15 Jan. 17 17% Jan. 24| 16%
24% Jan. 19 27 Jan. 15 21%
82i4Jan. 2 87% Jan. 14 80 34
28
135% Jan. 28 137 Jan. 3 125%
14% Jan. 9 20 Jan. 27 33
82=s Jan. 22 Olij Jan. 3! 8634
SI4 Jan. 28 10
Jan. 16;
53 Jan. 6 69 Jan. 19,
234 Jan. 15
3% Jan. 29
3
4% Jan. 23 6% Jan. 12i 434
37% Jan. 10 40 Jan. 121 30
3 Jan. 6
3% Jan. 21 3%
190% Jan. 20 192 Jan. 28j 183
20 Jan 22 SO Tqh 111 20
119%Jan. 17 123 Jan. 29 110
84 Jan. 18 86% Jan. 7 70
11% Jan. 19 1234 Jan. 14
9
934 Jan. 7 13% Jan. 14
6%
69% Jan. 19 63% Jan. Si 59%
02 Jan. 2 67% Jan. 8 62
22 Jan. 16 20% Jan. 2' .22%
1 1 % Jan.
10
6 19%. Ian. 22
66 Jan. 15 70% Jan. SOI 64%
11% Jan. 3 14% Jan. 28! 10
27% Jan. 15 30 Jan. 0' 23
90 Jan. 2 9334 Jan. 301 S3
54 Jan. 5 61 Jan. 14
5134
10
31
10% Jan. 26 12% Jan. 6 1?"^
25 Jan. 16 28 Jan. 2
14% Jan. 22 17% Jan. 12
9%
90% Jan. 2 95 Jan. 27 68%
6 '4
7% Jan. 7 8 Jan. 20
11434 Jan. 2 121 Jan. 7 113
33 Jan. 7 37 Jan. 23; SO
84% Jan. 19 80% Jan. 6 83%
414 Jan. 2
4
6% Jan. 8
714
7% Jan. 3 9 Jan. 17
84% Jan. 2 88 Jan. 14 83
12% Jan. 28 1434 Jan. 8 11%
23 Jan. 27 30 Jan. 8 20
12 Jan 17 117. Inn -27
8
OR 173
^'7ri
Tu„
9 IKO
T-ST,
10% Jan. 29 12% Jan. 6|

53%

•52

52

1,

1885.

128
90

"ibo

62

1,

70

38

•4

5

1%

II4

124

124
2
4G

49

22

13% 15%
37
37%

1534

"l6»i

22
82
20
38

•20

11% 11=4 11%
12% 12% •12%

1214

74

13.5

90 14 90 14

2,062

740

24
IP

23^1
•17

65

214

20 14 26 14
65
67

-130

51>a

900

i'.s'oo

01% 61%

661a 68 '9
W'i'ei" 5934 61% 61
54 14 54 13
5413 54=8
5t% 5434 61% 54% 53%
112
112 112 •111 112
112 112
lllia 11134 112
•3
6% •3
O'a
•2513 31
'25% 31
30
57 14 58
57 14 5734
57% 58% 5734
57 "a 58% 67 14 57%

133
91

1,410

"il3

'm'^'rie"

132
91
51
•106

1,616

Range Since Jan.

•12% 13% •12% 13% •12% 13%

70% "dOh

68 's

546
100
20
100
369,085

314

•12 14

8

10% 10%

16 13 '16%

68

1,.560

25

4%

4%

12=4

•89

•4

2%

•17
I22I4

111
•3

Western Union Telegraph

United

!;!;;

8
•84

48

521a

25=8 26

Pacific Mail

5%

49%
5

Oregon Improvement Co
Oregon Uailway A Nav. Co

100
70

40

•7

49

13

6%

•36

93

83% 83%
12% 12%

5

681a

"419
4,026
203,615
0,924
116,015
2,100
1,555

184

94 14 95
•7
9
117 117
•35
38
38
88=4
86% 88

12^9

13

314

10

12'3

•4 la
*I2i3

07=4

•

3
.•314

94=8

I2I3
481a

•gijio"

Tel.

•sola

513
12=8

A Cable (;o
Bankers' A Merchants' Tel
Colorado Coal A Iron
Delaware A Hudson Canal
American

36

12=8

•41a

-234

•19

8%

15%

•18
•38
81 14 81 14

Texas

A

2

2=4

20
22
82

Paul Minneap. A Manitoba
Texas A New Orleans
St.

"1534

18

•8

15% "I6i8"l6%

12%

•18
20
•36
38
81 "a 8H3

8t Paul

11%

13

20
38
82

pref.. ..
1 St pref

Do

*id%

15% 10
36=B 38%
•114
1%
17% 17%

124

•19

Do

54 14 65

19
3

""30

•26

•92

177

17=8 18
..........

70

68"4

•10%

I's
4'8

11
I's
4 '8

82

Louis

23% 24%

I414

14%

38 13 39

13

•17% 19

68%
14%

90 14

881,

12% •12%

25%

23

46
•234

St.

3%

25
123

60% 61%

23=8
19

12=8
•23

23

213

Offdonsb'g

Do

40

12
•12

8
8
8
85 '9 •84% 86

13%

124

—

Danville

Rome Waterto-wn &

38%
18

9»4

Richmond

16

38 >4 38 'a

pref

Ohio Contra!
Ohio & Mississippi

10=4

123

33
11
27

•25
15
94

30

7I4

•17

58

•21

•16

5I4

66

•31
11

IIU
1538
93=4

192
23
122

68

180

•

5I4

•91

61

115 •115 117 •115
•33
-36
38
37
8614
8634 87=8
86 'a

•41a
•8

86 >4 80 14

•54

•25
15'4

115
•35
8534 86'4
86

8

0514
66
23 14
24 14
•1713
19
66% 67 14 67%
14
131a 1313

•31
1013

3%
5%

6"6%'G6'e

66
24

:::::;::::::

•35"38"
•41a

0114

•31
lOia
•25
I5I4
93

33

89%
8%
3% 3%

»%

12% 12%

13
13

•89
•54 13 61

. .

Do

651a

86 14

8=8

•38

•18

24

86%

•2%

12

6

16,073
44,737

•6

40

12

Chic.
Elevated, consol..

&

-

ct.

A Nashville
Now Albany &

Morris *fe Essex
Nashv.Chattanoojja

84=8
83?

West'n •I214 1312
60
•65

Manhattan

20

'3
•«

•5%
•10

•6

135% 135%

ibo'i^ iSoia 192
23
23
23
23
1211a 121 's 1211412113 122 14 122% 122

12'e
Louisville
Louisville

•38

6l8

'5%

9% no

500

1

23

Illinois Central

Indiana Blooniingt'n

3

27%

1,850

12

35%
28%

12
8
1311413114 1311413114 13H4 13114
118 118% 117% 118%
llS's 117'8ll8
7134 73
71=4 72%
71=4 72%
7338
10534 102
105% 102% 103% 102% 103
90=8
89
89'8
89% 90 14 89 14 9014
I26I4 125
125 14
125 123 14
IO8I4 IO8I4 108 IO8I4
IO8I4 107 '8 108
8I4
8I4
•7
•7
8
•
•15
Ifl
16%
26 14
26=4 2534
25
2534
25
2534
86 14
85% 85% 86I4 86I4 86I4 86I4
'32
•31
33
33
32
32

•5%

8

20

59

3
6

9%

•9
3334
26=4

12
36
2834

33

32^8
2934

•5I4

12ial

::::::; :;;i

East Tonneasee Va.

x38%"38% "38% "38% '38% "38%
•29 'e 3934
31
29% 2934 •29

*9\i

Central Pacific

Do
Do

•40

90 14

•29 's

•sfia"!"!

13
32=4 33 •I4
301a Si's

Minnesota

"260

9014

9018

JAN.

10
29
284

264

11

January

RTATB
BBOUKITIKB.
Cliwi
CMhhm
««,
A Ik

8(1

MMUt

ts

22
10
20

'< KH

.

H.

1,.

Ill,

n^,
fjrci ;:
7h. 1--0.

1

JA,«VARr

'•U

SfMOlAl tu

«?, ;

Aj^yI'iu ur L'nlv,. (luu'U2
FillKlllljf,

IHiUOS

"l>o

uu
lis

IKIO
Ohlo-tl

108-11

SKOnRITIBS.

Atk.

Bid.

I

18

•<

61.
<-i

109

110

18891

nti!

:

Bro-Aii
„.„„

2'4

s88.

.;...1893

T»nneaiH>»-tia, olil,1892-8
e*. nBW. 189aJ»-19Q0...l

13

I

10i>s

.V

SOV

107
43
43

60
38
60

In

Oh.
ooupon.
8«, '•'iitsMi,. ju noliM...
0n, il(.r«rrtMl
Dlntiir.t nf UolumbI*—
8.85», 11)24

«**

44
60 >«

38
88

B~

Kuutli
en.

43

..

''8)1,1913

Ui-.

'

I

1914

'

Vli

'l-ivv
82\

1MS»).

Bid.

itlnnM —

Ten II"-*-"

i-i\

8

\

u

I.

IIH
lis
117
80
10

t;

30. 1885.

'

I

foimol. in, lUIO

lis

Hnnnlli.il.fr St. Jo., '86.
-^ reg., 1887
N.'

N.l.'aruliuft—tis.old.J.AJ.
Pundlnit aot, IflOn

I
I

BKOUBITIB8.
N. O»rolliii»— f'-'i'
N»wl)miil'

T".

147

H«>NDn.

A.k.

BIO.

luM

4'<
101 >«

103
111

IHDO

t-.il.'.

-.ot,-

Ml

22
22 >«

2mi

i.-i,tU

1

I

RK.
KK.

".»

I

.

8
33

a

7n
)»

7».

I....

10&
.11

Vi-

Lofi' '»»-»

84V

4h. llltW

-'!

8B0CRITIBH.

Aak.

U 88

101

:,i. i'.M)8

II

k'.

111

Bid

-r\Mnt A. 1906.

:

THE CHRONICLE.

81, 1886.1

(jUOTATIOXS OF 8TATB AND RAILROAD BONDS,

AIal)iiinjh

U

}

.
.
.

.

*0

<•*

"o"

113>*

IlnKliitiire<l

41

yimillDK

I

Bii.

110

1899....

RAILIIOAD BONDS.
BE0URITIE8.

BM. Aak.

8«CUK1TIK8.

Aak.

Bid.

SKCDBtTIBS.

Bid. !Aak.!

SECURITIES.

Aak.

Bid.

Penn. RR. -Continued—
IieL L. A
MotropoUt'o El.-lBt,1908 105% 106
,
„ .
US'* 03^
Pa. Co.-B Reg., 1921 ....I 85%
Kailrond Uunds.
'2d, (ft), 1899
MorrUA Kg8ex-lst,7s }36
'1.14
116
..
Pltt.C.A St.L,-lBt,C,78'
Mox.Cont-l8t.7fl, 1911.
2d. 78, 1891
--...
lat. reg., 7a
r.ll8
lat M., 78, ox-cp^ 6.7't8 .-,-„-,"- •Honda, 78, 1900
AU.CiMlln; \f\,l^^.
122
2d, 78.1913
Mlch.Ccnt- ''nna.78, 1902 j26 ..
780(1871,1901
Alli'K'vrr.ii!. - ui.i;s,i'.ii;2
"lOlia ..
Pitta. FUW.A CMc.-l8t 130',
Conaol. .58, 1902
lat, conaol., guar., 7b.. ';-•••• 124
AlOll.t..!. S. Fo-ll-jK. U''20
;*133
137
2d.7a,191'2
N.Y.I.ack.& W.-lat.68 117'a
«8, 1909
sliikiiic fund, lift, r.Ul..
96
07
180
08
.Sd.7a. 1912
Cou'<tniotioii, 58, 1023
Coupon, 5a, 1031
Ati. .t riu'.-i»t, i;». lino. .,,.,
•97
OloT.A Pltta.-Con8.a.fd.L}22%
Eoglaton'd. 6a, 1931
Ut.lln, I'rk.Br.i'llJ
Del.* Hnd. Canal-lst, 78 HI
llall.v
1*107
•--...
4th,8.fd.,0s,18g2
l8t,ext., 78, 1891
Jack. Lan. JtSag.— 68, '91.
llnr. f. U;ip.&No.— lflt,5B •--:
,,^
116ia;118
Bt.L.V.AT.H.-lBt,g.,7a *11*
Milw. * No.— lat, 68, 1910 :;:;; m"
Co
:.. Ui, 5».
Coupon, 78, 1894
111H1...L.S!J
|117ia
..?...!*
106
•2d, 78, 1898
Regiatored, 78, 1891 .... *
I8t, 6h, 18811913
Mlnii..ist.L.-lBt,7»,irn- .Jr?
99 >4 99%
2d, guar., 7a, 1898....
MIl.L.S.AW.— lBt,68,1921
Ist. Pa. Dlv., op., 7b, 1917
I». iltv.,tWe8t.-Ut,78*lli
,„„
96
108
Pltta.H.AB.-l8t,68.1911
80
Mloh.dlv.-l8t, 6s, 1924
lat. Pa. Div., reg., 1917. . _
C.Unn. l.F..t.N.-l»t,68 '
1120
Pitta. Clove. ATol.-lat.6a 108% 108 >i
Alb. <e Snsq.-lst, 78 ... 'lO?"*'
Minn-* 8t.L.-l8t,78,1027
iiieio! PittB. Jiinc-lat, 6.8. 1922
45
103% ..
•Jd, 7a. 1885
lo'wa Ext.-l8t, 7a, 1909
Bnir.N.V.* P.-(;on8.,68 *85
•95
Rome W.A Og — 1 8t,7B,'9
Ist.cons, guar.78,1906 121-a •
2d. 78, 1891
General, 8s, 1024
78
Con., lat, ext., 68, 1922.
75
.S'thw.Kxt.-lBt, 78,1010 112% lisia
lal, cous., ga..Ba, 1906
112»i
Cm. Bo.— ist-lnt. goar.Bs) ---Roch.A Pitt.— lat, 68,1921 108
69
Pac. Kxt--lst, 68. 1921. 102Hi
Sd,6a, 1913
Rena. & Sar —let, op.,78 134
89 -a 90
••-•
60
"ISB
641a
Consol., lat, 68, 1922....
lat, reg., 7s, 1921
lo. K.& 'r.-Oon'l,08,1920
Keg., Bfl. 1913
50
61
Rlch.AAUeg.— l8t,7s,19^20| 63%' 66
DeuT.A Rio Or.— lat, 1900
General, 5a. 1920
Central Iow»-l8t, 7a, '991 Of
102% 103
91
Rlch.A Danv.—Con8Mg.,68, 95 ia 96
Couiioii oil
46
lat, conaol., 7a, 1910....
Cona. 7a, 1901-.5.6
64
Debentnre 68, 1927
Den.So.Pk.A Pac— iBt, 78
Cons. 2d, income, 1911..
Kaet. UiT.-Ut, Bs, 19l2i*
111. Uiv.— l.-it. (i.H, l',)12..l
ir.<ft Cent. Mo.— lat, '90!
Atl.ACh.-lai pf.,78, '97 '107
Den.A lUoa.\Vest.-lBt,68i 37'a;
Bli
Incomea, lOOi)
Char. Col. <fe Auff.— lat, 7a
Det..Mack.,tMarq.-l8t,6ai *0
Mobile* Ohio—New 68.. 100 103 >!
80
Scioto 'Val.— iBt, cona., 78.
Cbesup»*;»ki' tt (.)lilo —
Landgraut, 3ia.s, S.A...( "6 .,--Coliater'l trust, 68, 1893' --•
110
11*
116
Pur. inoiiov fun.l, IHPS.
lat. Kxtension, 6s, 1927
St. L. A Iron Mt-— ist, 78
E.T.Va.&a.— l3t,7s,1900t
102 S) 103>,
lOiV
48% 17
iBt, cona., 58, 1930
Morgan's r.a.A "T.-lat, 68
2d, 7s. 1897
6«, golil, series A. 11)08
70'.j 71
--00
l.-it. 78. 1918
Arkanaaa Br'ch— 1st, 78 105 106
Dlvlalonal 58, 19301....
68, KOlil, aeries il, 1903 .
22 1* 23
117%
Cairo A Fnlton-lst, 7s 102
68, currency, 1918
EUz.C.AN.—S.J.,dob.,o.,68
Nash.Chat.A St.1..— l8t,78 H"
,
^,,7
.
;--Cairo Ark. A T.-lat, 78 161
103
Mortgage Bs, 1911
lat, 68.1920
2d, Bs. 1901
86
Chee.O.AS.W.— M. 5.6s... 69 Si
Oen'l r'y Al.gr., 58,1931 ,69ia', 71
EUz. Lex.* Big Sandy— 6e . 85
N. Y. Central-6a, 1887. ..I 135%
103 -a ,-...I'l'-iO
St.L.Alton A 'r;H--l8t.7B I'O
Ckloago •£ Alton— Ist, 78. 11B"!1
Deb. certs., ext'd 53
Erie— lat, extended, 78
jOS'b....
112
BlaianK fanil. Ba, 1903..
2d,pref.,7B. 1894
•2d, extended, 5a, 1919..
N.Y.C.& II.-lBt, cp., 78 •,-„-,-;-^*"^
*97'al00
La. * Mo. Rlv.- l8t, 78. lll)"a
iBt, reg., 1903
2d, income. 78, 1891
3d, extended, 4 i-as, 1923 loaia ---l^hy,
1021a
2d, 78, 1900
BoUev.A 80. III.— lat, 8a
4th, extended, 58, 1920.|*10o'a ....
Dob. 5b. 1904
.,,^..,
;--,•:St. I.. Jack. & Chic— Ist *llb-'4
St.P.Minn-A ."Han.- l8i7B 109
1081a 107
Rcgistorod
6th, 7b, lii88
110% lir
l8t. guar. (564), 78, '94
Hud.Rlv.-7B,2d,8.«.,'85' lUl'al
•2d, 68, 1909
lat, cons., gold, 78. 1920 117%lll9
....
110 110%
2d, (360), 7s. 18U8
lat, cons., fd. coup., 7b.. 114
Harlem -Ist, 7s, coup. '.t';^ *",
Dakota Ext.-88, 1910
,
'132
102 >a 103
2d,gnar.(188). 7s, '98 120
Ist, 78, reg., 1900
lat, conaoL, 68, 1933...
Reorg.. 1st Uen, ba, 1908 ,
m«8.R.Br'lC6— l.St,9.f.B8,
lat. cona., 63, reg., 1933.
LongDockb'nds, 78, '93 HSia
N.Y. Elov'd-lst, 78, 1900 116
C.B.A Q.-Conaol.7B, 1903 \^»\t
Buir.N.Y.,SE.— lat,1916 125
Mln'8 Un-— lat, 6.8, 1922 107
N.Y.P.& O.-Pr.l'u, 83, '05
36
6», sinking fiiud, 1901..! lo*"*!
N.Y.I.,.K.&W.-NBw2d6' '53
N. Y.O.A N.-aen.,«i8,1910;
St.P.ADul.— lBt,58, 1931 101
34!! So. Car. R'y— iBt, 6b, 1920
6«,d6bonturea, 1913....I 97'*' 97%
101
(lollat'i tru8t,(i8,l!»22.| .....
Trnat Co. receipts
1«. Dlv.— S. M., .^8, 1919 -100
86
Butr.*S.W.— M.,6a,1908 60
N.Y. A. N. Eugl'd— lat, 78 *107 108
'2d, 6a, lasi
Blnkliicfuud, 48. 1919
•97>i
93V 94^ Ev.&T.H.— lat, cons., 6al 98 98 "a lat. 08, 1903
Shenand'h v.— lat,78,1909
U0% 91
Dpnvir ,iiv.-48, 1923..I
N.Y.C.&St.I. -.l8t,63,1921
General, 68, 1921
MtVern'n— lst,6a, 1923
'85=4'
'
riiiiH Js. IH'JI
85
56
Fargo .fe Ho.— l8t,6a, 1921
2d, 63, 1923.
Tex-Cen.— l8t,8.f., 7b,1909 69%
C K.I.,1; 1".— M.s, CD., 1917. 127% i27V Fl'tAP.Marn.-M.Ga,1920 HI 114 "a N.Y.W.Sh.ife Buff.— Cp.,68 351a 36'
69%
l8t luort.. 7s, 1911
3213
68,rcB., 1917
Gal. Har.A S.Aat.- Ist, 68, '95
Registered,
19:! 1..
Tol. Del. A BurL— Maln,63 "16
104'»l
102
47 I,
Keok. .V Des M.— 1st, 5a'
N.Y.Suaq.AW-— 1st, 6a..t
2d, 78, 1905
Ist, Dayt. Dlv., 68, 1910
*
Centralof N.J.— l8t,1890 113 ills
91
We.8t. Dlv.— Ist, 68
Debenture, 68, 1897
lat, Ter'ltmat. 6a, 1910
»4"< 98lj'
l8tcou,<.iVssent«d.IS99 t
7*
Midlandof N.J.— lat, 63 •70
Tex.A N. O.-lat, 78, 1905
llOV
2d, 68. 1931
CouT.,ft.i3ented,78. 1902
94
Qr'nBayW.vfeSt.P.— l8t,68
60 "68"| N.Y.N.H.AH.— lst,rg.,4s •106 108
77
Sabine Dlv.-.l8t,68,1912
Adjuatmeut. Trt. li)i):i...l
105 la' Nevada Central— lat, 6s..
OulJ CI0I.& -S. P6-78, 1909 103
Va. Mid.— M. Inc., 6s. 1927
67%
Conv. dobeiit. lis, 1908..
90
2d, 6.... 1923
N.Pac— o. I.gr., 1 at, cp.,6s 100% 100
Wab.StL.APao.— Gen'l 68 •34 "a
Loli.&W.B.— Con.Kil,aa.i
74
Hann. itStJos.—Sa.couv.' 103»( 103%
Registered, Os, 1921.... -sya:....
Chlc Div. -58, 1910
Ani.D'k*lm|).-.58,1921| 80
116
60
Cousol. 03,1911
N.0.Pac.-lst.6s,g., 19201
Hav. Dlv.-Oa, 1910
Chic. Mil. A St. Paul93
80
Houston & Texas Cent.Norf.&W.-Ueu'l 6s, 193ll
Tol.P.AW.— lat, 7a,1917,
91 '4'
131
89
1st, 88. P. D
iBt, M.L.,78, 18911
60
NewlUvor-lst, 68,1932
Iowa Div.— 6j, 1921
2d. 7 3-10, P.D., 1898... 120
79
821a OhioA Miss.— (Joasol. a.fd. 117%'
Ist, Western Div.. 78 1..
Ind'polis Dlv.- 83, 1921
let, 78, $g., R.n., 1902. '12U
82
121
1st, Waco <fe No., 73t....
Cou3olidat<^d 78, 1898. ..I
Detroit Dlv.— 68, 1921..
1893.i 117
ll?"!!
l8t, Laf.Wv., 78,
68
2d, consol., main line.88
2d consoliihUert 7s, 1911 110 1114
Cairo Dlv.-Ss. 1931 ....|
let. I. ,t M., 78, 1H97 ...' 117'a lie's
75
2d, Waco A No.. 88,1915;
lat. Sprin'.(IioId Div., 7a'
Waba3h-MorL73. 1909,*
•30
lat, I. .t n.. 78. 1899.... 117'a
69
aonoral, 68,1921
Ohio Contral-lst, 63,1920 56
Tol.AW.-lsCext-, 73 105 1106%
let, C. * Jt., 78, 1903..., 125
60
Uonat. E..t W.Toi.— l8t,7e
lat. Term'l Tr., 6.8, 1920
91% 97
l8t, St. L. Dlv., 73, '89
118% 119
Cons.iI.Ts. 190.)
2d, 68, 1913
1st, Min'lDlv., 63, 1921,
2d, ext.. 78, 1893
It, 7s, ].,tI).Kxt.,1908 118'-j llO'i' 111. Con.— Snd. Dlv. -Cp.6s '112
OhioSo.-lat, 6s,1921 ...J 84 14!
Eiinipm't lids, 78, '83. -----1st. S.V.. niT., «a, 1909. aiO»4 110>»l
-••
Middle Biv.— Reg.. 58...
Oreg'nA Cal.— l9t,08,1921j
ConaoL conv., 78. 1907 ,76
79
*
Ist.-^. ;,iij.&liav.,1919
61%'
97'a'
C.8t.L.&N.O.—•ren.l.,78'118'a
Or.,STran80'l-68,'82.1922
GtWeat'n-l8t,7B,'88 105 "a 106
1.
]
Miuii. Div., lis, 1910
121 M^''
71'<
75
l8t,consol..78, 1897..!
Oregon Imp. Co-— 1st, 6j.
01
2d, 78, 1893
IbI.
v 11., "s, 1910...
.---.- Oreg'n BR.A Nav.— lst,63 107
2d, 68, 1907
a.AToI--lat,78, 1890
Clli.'. ' i'.u.liiv.,i;..,i;)io
1051a 105%
CJold, 58, 1951
Deljetimrcs, In, lb81..,i
Han.A Naplea— 1st, 78
iNt.l iic.l; I". '.V, .:..,! 121
101
Dab. * B.C.— 2d Dlv., 78 110
Panama— S.r, 8ub.68,1910,
lU.A So.Ia.- lst,ex.,63,
MUl'l I't. ilH-., ;.^. 111').
'116
Ced. P. <fc M:inn.-l8t, 781
Peoria Dec. A Ev.— 1st, 6a -90
8t.L.IC.C.AN.— R.e.,78]
99%
^
C.v I. -^ :ii.l)lv., j;i, I'.llil
Ind.Bl.&W.— letpref.,7B:
Evans. Dlv.-l8t,G.s,1920,'--,-,Omaha Div.— lat, 78 10.1 "a
'W'l
Wis... .'iiu.Div..08.1921
75
l8t, 4.5.6b, lUOJ
PeoriaA Pok.U'n— lat, 68 101
Clar'daBr.- 68, 1919, •70'
r. 'I,. .i! 5s, 11114....
..:
65
2d, 4-5-68, 1909
[Pacilic Railroads80
StOhas. Bgc— 1 St, 68
iithwoat.—
noh
EasternDlv., 68, 1921..I 78
Central Pac— O., 68..... 110
No. Missouri— 1st, 78. 111% 112
Milk- 'u 111. 78, 1885
Indianap.D.ASpr.— l8t,7» 100 "a
San Joaquin Br, 6a.. lOi
Wo8t.Un.T6L-1900,coap. 111
Con -It., '.[Ida. 78.1915.
96 'W'\
•HI
'2d, 68, 1011
Cal. A Oregon- let, 6s
1900, reg
n bonds, 78, *85*
1107
lnt.&Ot.No-— l8t,68, gold
Cal. ,«[ Or.-Ser. B, 68. •94
N.W. TelegraDh-7s, 1901
lat
.s-io
65', 66%
Coupon, 68, 1009
Land grant bonds, 6a. 101 ii)i% Mot.Un.Tol.-S.td,0s,1911 "6a<a
Coupon, Kold, 78, 1902..'
Kenfkyceut.— M.68,1911
West Pac— Bonda, Bs 106 107
I.VCUMK BO.VUS.
Benlafu. Kold, 78, 1902.;
stamped, 1 11. c, 1911 ..
No.R way(<3al.)— 1st, 6a| "96" 103
IitUrf.<f ti I'j tbtr If <-arni''i.)
Blnklij'-rf
1. lis, lll.'H.J'
LShoro...M.S..UN.I.,s.f.78 102% 102V
So. Pac. of Cal.
.Mleg'nvCout.- Inc., 1912
lat. 69
''-, I'.i
hiuli. "I'l
16% lev
Cleve. A 'roi.-.Siuk'g fd. 102
AU. A Pac-lnc, 1910...
So.Pae.of .'Vriz'a lat, 6a
Ktiik-jiiu :!i!*l, .'„,
New bonds, 78, 18S6..i*103
Centralof N. J.— 1908...Ho.Pacor.\.Mex...lat,6B
Cleve. P. A Aah.-78-...l lis
Union I'acilic lat, 63 .. 111% 112
Cent. I a.— Coup- deb. certs.
leb. .'is, ID.ili
96
Buff. AKrie-Newbda.! 120!a
Land grants, 78, '87-89 108 108 la Chic A E. Ill.-lnc., 1907
'b.a
1909..
Kal.* W. PlgBon-lBt..l 100
DesM.A Ft.D.— lat.incBa
Sinkinc f nnda, 8s, '93. 117',
111..
117
118
Det.M.*T. -lat, 78,1906 124'»
R8g,8s. 189.!
Del. Mack. & Marq.— Inc.
t l,.lS.-l8t,68
100
Lake Shore— Div. bonds 120'a
12
12 >a
E.T.V.AGa.— luc.Sa 1931
Collateral Trust, Ba.
'liruji.— l8t,78
126
Consol., coup., lat, 7b.
Eli/.al>.
do
A Nor.— 2d, inc.
58,1907
iiud-lst, 8s...
113
Conaol., re^.. ist, 7a. ..1 125% 125%'
Kana.Pac- lat, 6b, '95 1
Or. Hav W.A st.p.— 2rt,iac
-lat, conv. Ts'
107
iOS
Conaol., coiip., '2d, 78-.I 114% no's;
l8t,6s, 1896
Ind. Bl, A W-— Inc., 1919

W.—ConUa'd—

,

!

'

I

I

-

I

,

i

1

I

1

I

1

i

i

.

I

1

;

I

'

I

. .

I

.

1

i

1

1

I

i

I

'

y

—

I

1

V

I

'

j

1

I

I

,

'

:

i

I

'

'

1

|

'

I

,

.

1

1

,

1

I

;

1

I

—

1

'

1

;

1

1

I

|

—

1

1

|

—

I

,

1

.

C

'

'

I

1

»%

i

1

Irt-'kee— lst,7B

Consol., rex., 2d. 78...
Louglal. HR.-l9t,7B, '98

l'.-let,78,'87'
:'l)7

1

St.,

i.— lat, 68,1905' 110
Oit. c.l' fe si.c. — lai.^B 100 (102
.O.t!.<
l rnd'a-l8t,78,e.ld. 120 la 122
Mil..',-

;.!

'

1914

•

',

)

li.fd.. 78,1914'
ii-^o!., 6.8,1931
;;ii.*0:ii.—

I'JJO

-l8t,BB,1918
1930.

1
>

!.

;il7»j!

c

st.I,..t
" "'

P.~l8t.con.5al
-l8t,6e,

1020J
I.— i8t,».(., 68;

"1

(.

1)

'

1

i^J

1907

.V.Y.-lBt,78

II)

Aliliit.li

,

!9'24..

General uiort., 68, 1914.
Lou. N. ()..t Tex.— lat. oa
Manhal. li'oli Co.— 78.1 909

-78, conv.- '92
''s,

la]

117

'i

1114

71%

'

L.Erl6A W.-l8t.6a, 191»
Banduaky Div.— Oa, 1919
Laf.BL.t M.-lst,6s,19l9
Loulav.N.AIb.AC— l.st,68

..I

A'ToL-isti'S'

;

*No

68,

7T

68, l'J3)

E. a. A N.-181, 68, 1919 100
•80
General, 68, 1930
Pensacola Div.— 68,1920
St. L. niv.— Ist, 6a, 1921

10

1932..
n.-lat, 68,19161
;.,

104
i

Louis. West.-lst, 6s
Lonlsv. A N.— Consol. ,7b. 116
Coollian Br'oh— 7s, 1907
N.O..feMob.-lat.68,1930

•2d, 3s, 1980
Naahv. A Dec— lat, 78
S.A N.AUl.-S.f.,68,1910
Loulav. C.A L.— 68. 1931
Trust bonds, Oa, 1922...

.-.C.-)st,li8,19111|
K.lll.-l»l,B.(..cur.|

'<

.

llUia

1.1)1.68,

'

--j

'

'.•

Cli.
(•

I

121

conaol-, 5s, 1931

•2d,

97'a 100

I

i

1U%11J'«

1'27'a

nift:le

Pac

of

Mo.— Ist,

•id, 7a.

68.

71V

78
77
90

1891

thia week.

93

BO

"s"i""i

.

Consul., 6S| l'.<05t
1 ncome A Id. gr., reg.
G..6s,..v iig.cp. on
do i-x .\ug.coup.
.

961a
91 '-a
92
1

98%

10914'

2d. prof., dobentares
3d, pref., debi-nturea
4th, pref., debiiatares

..

N.Y.Lake E.,tW.-luo.68
99ia N.Y.P.AO.-l8t,incac.,78

Ohio Cent.— Income, 192u
Mln'l Dlv.— Inc,7».1921
Ohio So.—2d Inc.. 6b. 1921

102

Ogden.8.A

L-C— Inc. 1920

10215

PeoriaD.AEv.- Inc., 1920

105%

Evivnsv.Dlv.— In '., 192(i
Peoria A Pek.Un.— Inc.Os

33
62 <a

76
36
63

961,

96%

Roeli.A Pittj<b.-Inc.,1921
Rome W. A Og.— I nc, 7a.
S2'a .So.Car.Ry.— Inc., 6a, 1931

SLL.AI.Mt.- lal,7 a.pr.l.a.

Ha.CJo.'Bgnar.l ig<».l8t.en

Coapuna

A Wllkesb. Coal— '88
Lake E.A W.-lnc.,7s, '99
saud'ky Div.-luc,1920

off.

70
23

Leb.

Mob. A O.— l-*t,prf., deben.

99
I06>4

109
100

..

r,af.Bl.AMilii. -Iiic.,.a,'99
Mil. L. Sh.A \^'.— Incomea

Pennaylvanla Hli.—
t

I

9 J la

A

iBt, Oa, Pierco C.
O.
Equipment, 78, 180.">

Ind'sDocA Spr'il— 2d,iac

la

8i
"90

so"

Consul., inc., 6s, 1921...

lOliHi

•Ern^t Co. certillcatea

1

Oen'l inort., (i.s, 1031..
So. Pac. of .\[o.— iat'ia
Tox.A Pac— lat, 68.1005

Hio

87

93

..I

6t.L.AS.F.-2d,6s,Cl.A
3-6a. ClaaaC, 1906....
3-6a, Chias B, 1906 -...

N.Y.AM. R'h— lat, 18/97

prices Friday; these are lateat qaotationa

90

105^<

Denr.Div.U8,a.s"d.'9:)
1st, consol., 68, 1919
C.Br.U.P.— F.c.,78, '95

At.C.« P.— l8t,69,1905
At,J.Co.A W.— 1st, 6s
Greg. Short L.— Ist, 63
Ut.Mo.— (len., 7a. 1909
Exten., lat. 78, 1909
Mo. Pac— lat, coua., Ba.
3d. 78, 1906

I

i-it

Ttiv ltd-

18
18

66
25

60

—

.

—

.

1

New York
Bank Stock U»t.
(•)

Par.

100

Amer. Exchange. .. 100
25
Broadway

& Drov'a'

Chase

Chatham
Chemical
Citizena'

City

Commerce
Continental

Com Exchange*

£aBt River
Eleventh Ward*
Fifth
Fifth Avenue*
First

Fourth
Fnlton
Oallatln
Oarfleld

German American*.

German Exchange*
Germania*
Greenwich*
Hanover
Ti-aders*

Irving

Manuf 'rs'

.

Manhattan*
Marine
Market
Mechanics*
Meclianics'tfe Trads'

Mercantile
Merchants'
Merchants' Bxch...
Metropolis*
Metruimlitan

Murray

Hill*

Kassau*

New York
New York County

.

H. Y. Nat. Kioh.

Ninth
North America*...
North Ktver*

I

Oriental'
Pacific*

Park
People's*

Phenix
Produce'
Republic
St.Nlcholas*

Beventh Ward
Second
Bhoetft Leather
State of

Ask.

Bid.

COMPANIES.

Bid.

Ask.

140
100
135
170
160
130
115
120
50
225
230
75
75
103
75
40
105
205

150
110
143
180
170
145
125
125
80
235
245
80
100
108
85
70
111
215
130
110
260
67
110
130

{

America*

<fc

[Prices by E. S. Bailey, 7 Pine St.]

I

are'

not National.

Leatlier

Ltlat.

PBICB.

COMPANIES.
Marked thus

New York'

Third
Tradesmen's

Union
United States
Wall Street

West Side*

26
100
100
25
100
2S
100
100
100
100
25
25
100
100
100
100
30
SO
100
75
100
100
25
100
100
50
100
60
100
100
25
25
100
50
60
100
100
100
60
100
100
100
100
70
30
25
60
100
25
20
60
100
100
100
100
100
100
100
40
50
100
60
100

I.IO

IW^

122

'i-iO

U2H

108

American
Amer. Exchange

60
100
25
25

...

Bowery
Broadway

17

Brooklyn

20
70
100
60
100
40

Citizens'

145

City
Clinton

aaou

Commercial
240
146

Continental

Eagle
ion

Empire City

100
150
30
Exchange
60
Farragnt
110
17
Firemen's
10
Firemen's Trust
Franklin & Emp.- . 100
German-American 100
H6
50 1120
Oermania
60 105
Globe
25 220
Greenwich
60
100
Guardian
105
100
15
Hamilton
60 120
Hanover
100 115
Home
50
100
60
Howard
40
14(1
145
100
Irving
250
30 l'.8
Jefferson
Via
Kings O'nty (Bkn.) 20 200
80
150
40
Knickerbocker
90
140
Long Isl'd (B'klyn) 50
Manufac. & Bnild 100 100
45
136
25
Mech. <fe Traders'
90
132
Mechanics' (Bklyn) 50
65
no
50
Mercantile
110
100
60
Merchants'
12K
Montauk (Bklyn.).. 50 100
UO
60 146
Nassau (Bklyn.)
37 >a 80
National
10
20
145
36
N. Y. Equitable
75
!lOO
N. Y'. Fire
120
50 120
Niagara
ISO
lOJ
25
North River
140
25 165
Pacific
100
100 100
PMk
107
lOHH Peter Cooper
20 140
100
60 100
People's
iod
60 lao
Phenix
\M)
25 115
Rutger's
ios
95
50
Standard
Ul-t i43'i! Star
45
100
100
50
Sterling
103
25 100
Stuyvesant
25
123
United States
10
120
112>a 115
Westchester
Wllllamsbttrg City. 60 210
,

.

—
. .

I

;

i

!

;

226

96

98

3 lAng. 1,84
7'3'July 1, '81
5 loot. 3, '84
10 Jan. t>,'85
190:i
3
2ia'Jan.lO,'85
3
1902
Jan, 1,'85
2
2ia'Nov.l,'84
5 INov. 1.'84
3 !Dec.l5,'84

Bid.

1:0

Scrip

York

People's (Bklyn.)

Bonds
Bonds
Williamsburg

Bonds
Metropolitan (Bklyn.)
Municipal

Bonds
Fnlton Municipal

Bonds
Equitable
Bonds..

Brck6rSt.iSFult.P.—Stk
100
900,000, J. at, J.
let mort
1,000
700,0001 J. A J.
Br'dway <fe 7th Av.— St'k.
100 2,100,000 Q.-J.

Scrip

Ist uiorL

Thtnl Av.—Stock

Bonds

T wenty-thu-d St.— Stock.
l0t mort

*

117

K. City Lawr.
K. City St. Jo.

il9'a

1,000 1,500,000
10 2,000,000
1,000
800,000
100
200,000
1,000
400,000
100
600,000
100
600.000
1,000
250,000
100 1,800,000
1,000 1,200.000
100
650.000
1,000
250,000
100 1,200,000
600AC,
900,000
100 1,200,000

100
1,000

100
1.000

99
105

1,050.0001

1,500,000

Easton&Amb'y— 5s, 1920 108 "a
599
H, AB.T — 1st, 78, g., 1890 :110
Cons. 58,1895

41',
9»4

STOCKS.

Atchison

& Topeka

73 >a

&
Boston &
Boston &

Oil
Oil

Providence
<fe

—

169

77

Cambrid.e

103
165
•65

Fltchbnrg
Flint & rere Marquette.
PrefeiTed

no8
441-j'

114
.

'6

••84^

FortScottA Gulf

88

Preferred
Iowa Falls * Sionx City-

78

&
&
&

Sprlngfd
Kan. C. Clin.
Mem.
Kan. C. Sinlngf.
Ft. Smith.
Little Bock

A

Phil.
R.— 1st, 6s, 1910.
2d, 7s, conp., 1893

•70

108 S)
44 'e
85
90
130

80
46

60
22

Conv., 7s, R.C., 1893..
Conv. 7s, cp.off, Jan.,'85
Phil.Wll.A Bait.—Is.tr.ct
Pitts. Cin. *St.L.— 78...

26

Jan.,

I.

& J.

1888 105

Q.-F.

Nov.,

Q,-J.

Jan.,

M.*N.

112
167
160

Nov.,1922 110

Q.-J.
J. <feD.

d.-F.

A.&O.
«.— P.
J.& D.

R*

A.

M,&N.

M.&

S,
J,

stocks,

li-i

Worcester...
Old Colony
O^dousb. * L. Champlain
Portland Saco & Portsm.

Consol., 6s. 1905

12 =i

'84 162
'85 160

II2I1
'85 143 >Q 1451a
Jan.,
Deo.,190211'20".j 1221a
Nov., '84 132
137
Oct., 1898 110
Nov., '84 189
Jnne, '93 114
Feb., 1914 101
'83 240
Jan.,
Feb., 1914 104
'85 245
Jan.,
April, '93 112
Nov., '8i 140
July, '94 111
'85 180
Jan.,
April, '85 100 >s
May, '88 105
N„v., '84 160
'nly, '90 110
Nov., '84 285
'90 111
Jan.,
Aug., '84 183
Mav. '93 110

116

Ist, 7s,

A

iW

A Williamsport..
Preferred

300
113
190
113

bat date of maturity of boniU.

81.,;

Preferred
Prefen-od
Little Schuylkill
Minehill A Sch. Haven...
Nesnuehoning Valley
Norfolk A West'n—Com.
Preferred
Northern Central

North Pennsylvania
Pennsylvania

A

Erie
Phila<lclphia
Norristown
Phila. Gcr.
N.Y
Phila. Newtown
Reading
Phila.
Bait
Phils. Wllm,

&

A

Pittsb.Cln.A St. L.—Com.

Companies..

Westchester—Cons.

pref.

West Jersey
West Jersey A Atlantic.

CANAL STOCKS.

Pennsylvania

RAILROAD BONDS.

AUegh. Val.— 7 3-108,
78, B. ext., 1910

.

'96

Inc. 7s. end., coup., '94
* Plttsb.— lat,6s
1908....

Ashtab.

Ist, 6s, re?.,

Belvld'e Del.— Ut,68,190a
2d, 68, 1885
3d, 6s, 1887

Bell's Gap— Ist, 78, 1893.
lat, Hs, 1905
Conaol., 68, 1913
Buff. N.Y.& Phil.— l8t,68
.Jd, 7b, 1908
Cons. 6.S, 19'il

*

Ex.djvldend

510

t

91

118
98
65

98 14

iojii

75

77

111
106

1896

83 13
* Del.— l8t,68,1886
Lehigh Nav.—6s,reg..'84. 1061a LU634
Mort. RR., reg., 1897 -. 51111a
119
Cons., 78, reg,, 1911
83
Pennsvlv.— 6s, cp., 1910..
Schuylk. Nav.— lst.6s,rg. 105
77^4
2d, 6s. reg., 1907

BALTIMORE,
RAILR'D SrOCKS.

o2>«

Par
Atlauta & Charlotte..
100
Baltimore A Ohio

56

49%
521
5S5
01

1st pref.
2d pref.

>f

50 "s

Schuylkill Nav., pref...

i'ls"

5

Ches.

Lehigh Valley

105
265
105 >9
255
117
150
195
101 v,

30

94"|"94'4
121

CANAL BONDS.

510
554

Broad Top

I,ehigh N.avigation

113"a

6s, P. B.,

0214
551

191
II6V1

106

27

46
25

Gen., 7s, coup.. 1901

<il6

Elinira

J.

St

W.JerseyAAtl.- l8t,6a,0. 106
Weatern Penn.—6s, coup. 107

Delaware * Bound Brook 122
East Pennsylvania

United N.

72I4

80
43
34
23
41
22

1899

Cons. 6s, 1909

«3i4

Preferred
Catawisp.a
1st preferred
2d preferred

A

1

71'8

•103
Warren A F.— 1st, 7s, '96
West Chester— Cons. 7s.. 115
W. Jersey— 1 at, 68, cp.,'96 111"*

Preferred
Phil
Buffalo N.Y.
Preferred
Camden & Atlantic

A

118
1171a 118
106

Cons. 68, gold, 1901
Cons. 6s, gold, 1908...
Gen., 4a, .-old, 19-23

PniL.ADEI.P01A.

A

90
......

U4

Union * Tituav.— lat, 7a.
United N. J.— Con8.8s,'94

20

18

Bell's

J.

<fe

8219 Pitts. Titus. A B.—78,cp.
9
ShamokiuV. A Potts —7s
Shen. Val.-lst, 78, 1909
14
1418
Gen'lOs, 1921
Uaia' 119
Income, 6s, 1923
Income, 58, 1914
147^4
Snnbtiry A Erie— Ist, 7s.
7
Sunb. Haz. A W.— 1st, 6s
115 118
2d, 6s. 1938
16
Syr.Gen.A Com.— lat, 7s.
10 Hi "if Tex. A Pac— lat. 68,1905

99 "a
110

8=8|

Lowell

Hnntiugdn

105

Scrip, 1882

iU

1

5118

Cons. 5s, 2d ser.,c., 1933
Conv. Aiy. Scrip, '85-88
Debenture coup., 1893i

26

15<al

1

5

Cons., 78, rog., i911 ...
Cons., 7s, coup., 1911
Cons., 6s,g., I.R.C.1911
Imp., 6s, g., coup., 1897
Gen., 6s, g., coup., 1908
Gen., "Ts, coup., 1908
Income, 7s, coup., 1896
Cons. 5s, l8tser.,c.,1922

116
16

iS2

Gap

120
123
L27
99

7,1906

166
77

}....

Det. Lansing & No., pref.
Eastern, Mass

1281,

68, cp.,

Phil.AErle—2d.78,cp.,'""
Cons, 6s, 1920
Cons., 5s, 1920
Phila. Newt. A N.Y.— Isl

U

108

6s.

coup.
reg

Perklomen— 1 st, 63,cp.'87

Concord
Connecticut River
Conn. A Passurapaic
Connotton Valley

,

6s,

—Gen., 68,
1910
C—

ioi'

Cheshire, prefeired
Chic. & West Michigan..
Ciuu. Sandusky «& Cleve.

Creek— 1st,

124
5

Cons., 6s, reg., 1905...
Cons., 6s, coup., 1905...
Cons, 68, reg., 1919.-.
7s, 1896
Pa. A N. Y-.

168 Hi 169

Lynn

CityAChlc— 1st,

Gen

'111

Maine

Boston Revere B.

7S-\,

7'8 Pennsylv.

171

Albany

Boston

Boston* Lowell.

107
120
104

21

122
135 "a
122
52

I

Atlantic ifc.Pacltic

82

IthacaAAth.— lst,gld.,78

81
Si's I.ell.V.— lst,68,C.AR.,'98
99 100
N. Y.<fc N. England— 6s..
2d, 78, reg., 1910
107 "-i 108
78
Cons. 6s, CAB., 1923..
N. Mexico & So. Pac— 78 no>a
N. O. Pac.— Ist, 63, 1920.
Ogdensb.ifc L.Ch.— Con.Bs
No. PCiin.-2d, 7s, cp. '96
Income
Gen, 78, 1903
Old Colony —7a
Debenture Os, reg
Norfolk A Weat.— Gen.,68
68
1'20
Pueblo & Ark. Val.—7s.N. R. Dlv., 1st, 63.1932
«8Hj N. Y. Phll.,t Nor.— let, 6s
Rutland— 6s, Ist
97 »
Sonora— 78
ln<-.,0s, 1933

RAILROAD STOCKS, t

'3,ill70

113

perpetual

6s,

Allegheny Valley
Ashtabula A Pittsburg..

A.&O.

J.

500,000 J. &
2,000,000 CI.— F.
2,000,000 J. <S; J,
600,000 F. &A,
250.000 M.&N.

This column snows last dividend on

'8d|

121
118

Hanisb'g- lst,6a, 1883.

Scrip

240 250
X210 220

July,1900lHl

Jan.,

J.<fcD.
Q.— F.

100 1,000.000; a. -J.
100 1,000.000 F <fc A,
100
748,000 Q.— F.

1,000
100
1,000

Jan.,

—

1900-04

El.*Win.sp'tr-rst,6s, 1910

Mexican central— 7s
Income

113

ll2Hi
172
June,190l:l033, 104 13
Nov., '84 216 220
Jan., 1902 108
112
'84 160
Oct.,
166

42d A Gr'nd St.P'ry— Stk
let mort
1,000
236,000 A.&O.
Hon8t.W.St.&P.F'y-Stk
100
250,000l Q.— F.
1st mort
600
600,000 J. A J,
Second Av.—Stock
100 1,802.000 J. & J.
1,000
150,000 A.&O.
3d mort
Consol
Sixth Av.— Stock

i

iSnT

13.1

6s, ep.,

Cor.CowanA Aiit.,rteb. 6s,
Delaware— 6s, rg.A cp.,V.
Del. A Bound Br — l5t,7s
East Penn.- let, 7s, 1888

Mass.— 6s, new.. 117
Fort Scott & Gulf— 7s

Wl8C0n,sin Central
PrefeiTed

fQuotations bj H. L. Grant, Broker, 145 Broadway,]

Blghth Av.— Stock

Connect'g

5s.

Ask.

h6
110

—

New 7s, reg. A coup

East'rn,

& 80,— 68..
A C. B.— 78
Little R. & Ft. S.— 7s, l8t
K. City Spd & Mem.— 63

A

Chat. M., 108,1888

'

Rutland— Pref erred
Summit Branch
Worcester * Nashua

126
lOB
xi;7 120
90
93
1,10
155
79
80
3I9 Nov. 1,'84 104
108
Oct. ],'84 98
3
101
2'a'Jan.20,'85 132
137
1900
106
110
Jan. 1,'85 95
97
Jan.23,'85 170
:85
1888
100 108
Tan. 16. '85 148
160
107
190U
110
95
97
1900
102 105

.

1st mort., consol
Scrip

gr.,7s. file's 117

Norwich*
Street.]

10, '84 12,S
J»n. 1,'35 84
JiaS'g F., '99 107

'

Bonds
BryDk.E.B.A Bat'y— Stk

Mo.— Ld.

<fe

1041)
109 10e>9

2d, 6s, 1901
Cons., 6 p. c
Burl. Co.-6s.'97.
C^atawissa 1st, 78, con. 0.

Cam.

Nebraska, 6s.- Exempt 117
Nebraska, 6s.Non-ex'pt 107
Nebraska, 4s
Conn. & Passnmpslc— 7s. ?118
Connotton Valley—6s

N. Y. * New England ...
Northern of N. Hampsh.

& Hoboken..

Cent. Pk.N.<fc B. Riv.-Stk
Consol. mort. bonds
Ohrist'ph'r&lOth St— S tk

Borl.

Providence— 78!

<&

Nashua*

Metropolitan

Ist mort

Boston

19^;a'^

W.— Gen,,6a
A Amboy—68, c.,'89
Mort., 6s, 1889
Cam. A Atl.— lst,7s,g.,'93

—

Ask

Bid.

Cam.

Mexican Central

Manhattan

Ist raort.,bonds

ist.Tr. 6«,
Buff.Pltts.A

121

Preferred
Metriipolltan

N'r

Boshw'kAv. (Bkln)—St'k
Cdntral Crosstown— Stk.

1221.

Preferred

*

Brooklyn City— Stock
Ist mort
Bklyn. Crosstown— Stock

Buff.N.Y.AP.- (Coufd)-

Maine Central

Sate.

1st raort

SECURITIES.

BOSTON.
Atch. * Topeka— iBt, 7s.
Land grant, 7s
Boston & Mnine— 7s
Boston & Albany— 7s
Boston & Lowell—78

Marq. Honghi'nAOnton.

Oitiiens' Gas-L. (Bklyn)

New

90
105
112
55
105
63
105
107
150
90
155
80
125
110
175
108
150
110
135
120
100
56
57
120
130
126

103

Brooklvn Gas- Light

Bonds
Mutual (N. Y.)
Bonds
Nassau (Bklyn.)

210

100

GAS COMPANIES,

Jersey City

55
60
125

SECljRITIES.

Louisiana* Mo. River..

Gas and City Railroad Stocks and Bonds.
[Gas Quotations by Geo. H. Pbextibs A CO., Brokers, 49 Wall

Bonds
Harlem

I'.'O

flO

105

XL.

IVoL.

Quotations In Boston, Philadelphia and Baltimore.

Local Securities.
Inanrance Stock

Imp.

t

.. .

THE CHRONICLE.

148

Butchers'
Central

—

.

Parkcrsburg Br

5014

51-2

i07'4

50
50
60
50

Central Ohio—Com
Pref

Western Maryland

68
169
120
117
9
14

RAILROAD BONDS

108>i
Atlanta A Charl.— Ist.
Inc
Balt.AOhla-6s,.'85A.AO 102\
108 >a
Cen. Ohio.— 6a, lat,M.AS, 103
106>«
5191
Charl. Col. A Aug.— 1st.. 106
91
94 >g
2d..-.
97 »< 981*
Cin. Wash. A Bait.— lata,
65 14 56'^
3o>a
2ds
2T, 29
3ds
96>a
53S>
Columbia* Greeny.- lets 96
67
681a
ads
"b"
No.Central—68, '85, J.&J. IOOI4
126
68,1000, A.
1161*
116 llS's
iVs
6s, gold. 1900, J. * J
102^
102
5s, Series A
101 Is
16
101
5s, Series B
PlttBb.ACon'ells.—"sJAJ 1181a no's
Union RR.— 1st, gua.JAJ 114

*0

119^1

103 K,
:04
116

Pe' share.

Canton ondorsetl
Virginia

A

Teun. — 5a

120

88,

W.Md.—6a,

lat, g.,

AJ

A

Wilm.C,
Wll.

tin

A Aag.— 68

A Weinnn— «old.7s

default.

.22

J.A J. 104 la

2d, guar., J.
2d, guar, by W.Co.,J.&J.
J
6a, 3d, gnar., J.

104
iio"

{ I.ast price this

no's
120

week.

.

Janvaby

1

.

81, 1885

:

1

THE CHRONICLE.

]

RAILROAD EARNINGS.
Latttt Earningt Seporled.

Road:
Wetkorilo

188S.

188i.

$

9

Jan. 1 to IMttt Date
1889.

New York Cltj Banks.—The following rtaUi men t nhowB the
oondition of the Awooiated Banku of New York City for the
week ending January

24, 1880:

1884.

Amount of—

Averatt

A

wk Jan
wk .lun.
wk ,Tan
wk Jan.
Cbesap. it Ohio. 3(1 wk Jan.
EUi.Lex.AH.s. 3il wk Jan.
wk Jan.
Clies. O. A8.\V..
Cbicaso.V Alton 3il wk Jan.
Chic* East. 111. :M wk Jan.
Clilo.Mll.AHt.P. '3il wk Jan.
Chlo. A Northw. 3il wk Jan.
Cli.8t.P.MIii..VO. 3<I wk Jan.
Ohio.* W. Midi. !:iil wk Jan.
Cln.In(I.8t.I,.A(:. 3(1 wk Jan.
Cin.N.O. >tr. I». |lat wk Jan
Cln.Wiwh.AHult. ['id wk Jan
aev.AkioiufeCol 3il wk Jan
T.
W. 3(1
Biir.c.-.I.IJ.ANo. .Sil
Citimdiiin I'tK^tlU' Ill
Ceuti'Hl Iowa ... 3<1
B(>(it. ir.

:<(!

DcnvoiARUXJr.
De« Mo. A Kt. I).

3(1

(Iowa)

3(1
iDd. Bloom.AW.l 3(1
K.C. Ft.S.A Ouir 3(1
Kan. C. Pp
M.i 2(1

A

Lon^

C'unt'l

Island

Louiev.ANaslir.
Mar. Hough. A O.
Mo.vio.aii ('cnt.

..

Mil. L.Sh.AWe.st.

Norfolk A Wist.
ShenauiloaliV. 3d
Ohio Central... id
Peoria Dec AEv 3d

A Plttsb'e

wk
wk
wk

wk
Bt.l..AltonAT.n. 3d wk
Do (brcUs.) 3d wk
BtL-Ft. 8.AW. Jd wk
8t.L.ASan Fran. 3(1 wk
Koch.

1.54.224

80.000,

67.<MK)

258.000

i.'),7(jr!

30,153

60,351

62.4.V4

61.531
191.717

136.421
191,000
7 ',237

11,

10,630

la,-);

22,905
15,'5,.'5S5

i0,.132|
335,()0<>'

314.600
74,000
lS,6bfl

43,4051
44,38R'
32.2W7!
0,973;
8»,703,
5,7!»7
11,90.)'

2t,.^95

165.875
35.621
3tt'.,06g

340,600
82,300
23,800
38,076
34,.'S,58

32.282
6.939
94,707
6,676
20,«42

20G,,i00l

wk Jan.
wk Jan
wk .Ian
wk Jan
wk J.(n.
wk Jan.
3(1 wk .Fan.
3(1 wk Jan.
3(1 wk Jan.
I'd wk Jan.
3cl wk Jan.
3d wk Jan.
3d wk Jan.

(111.)...

Kentucky

43,407

3(1

Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
jHn.

Bt.PaalA Dul'tb 3d wk
Tex.A 8t, Louts. 1st wk Jan
Wlaconslu Cent'l 2 wks Jan.

23,000
49,102
30,72V

54,8401
I

35,027,
12,4171

36,730
253,470i
2,7.1

79.100
16.355
57,891
12,323
14,893
14,098
18,053
18,410

210.224
33,717
43,61.-)

13,046
11,644
31.040
236.330
3,657

31.627
7«,745
480,227
04.577
1,003.000
998.500
2^0,400
49,530
131,176
44,386
105,030
21,371
270,480
17,013
42,801
20,195
38.017
91,833
47,.'S0

I

873,.547

14.161

637,300
77,300
148,091
93,521
65,667

2/1.3110

65,023
ll.?,654

34.558
97,638
21.175
273.793
18.705
.53.R19

80.830
3i,;i86

121,260
43,080
798.256
20,798
683,131
02,208
1 16.953

115,852

6.54,

5,452

209 800

11,S.^0

13,941
15.400
27,485
15,354

7,982

7,811

49,0 5
173,246
35.417
48,612
41.467
60,255
60,370
3M,500
14.883

55,.549

7-1,531

200.810

16,450
17.196
42,546

15.888

47,10:1

]S,034|
4t.622l

31,826
C/,180
490.023
91.010
1.005.774
912,600

767,85li

38,20ii

16,415
55.558
11,600
21,46.5

I88,!i71

74.421
23,619
34.032
103.207

4.5,514

Latttt ]Caming$ Reported.

17,196
42,516

Jan, 1

U5

7.172
128,970
46,130
14 4,652
32,715
53.916
40,567
46.200
73,983
42.153
12,515
199,141
47,66 {
18.034
41.622

to Latett Date.

Road*.
Wee/cor Ml

Lodnj

15 050

:M

Or.BayW.AHt.P.

Do

wk Jan
Wk.Jan.l7

$

22,177

19,19ii
16.531
12.524
10,812
30,491
43,'<lri
23,653
21.287
295,0281 201,283
4,63a7.638

•2.t\

...I

$

6.311
B3.0U1

3(1

Film A P. Marn.
Flor.K'way A N.

lU.Caut.

Jan

3(1

Diib.A-8iou.xC'wy
Evaiisv. AT. II.

Qranil Trunk

>vk

wk Jan.
wk Jan
'.M wk Jan
3(1 wk Jan.
J'l wk Jan
:iil

Dct.I.auHVA No.

«,812<

1884.

1883.

1884.

1883.

dful

DiJcounff.

«

Now\'ork
MHnIiatt.((n

•
2,162.000

8.1«fl.00ll

3,l:<9.n00

0.636,200

1..

.

a.h.V.t.OOO

Decenilier

Chic. Burl. A Q
„
Clev.Col.C.A Iml
Danbury A Nor.
Denv. A K. U. W.

November.
.November.

November.

December.
Eastern
October...
E.Tenn.Va.AOa. December.
Ft. Worth A Den. I)( eember.
Gal.Har.A S.An. November.
Gulf Col. ASanFej December.

Hona.E.A W.Tox October. ..
L.Rk.AFt.Smitli November.
I

L.Rk.M.Uiv.(fer.|Noveml>cr
La. A Mo. Riverj.September

Uemph. A Charl. December
Mex.Nat.. No D(<!4tb wk Dec

182,343
14,132

Union
Amerloa
Phenlz

j

2,.^22.t)«()

7.176,700

0.521.(100

Tradesmen's
Pulton

2,091.(100
8-Vt.7«0

385.800

•(lal latin National..

2,84 '2,000
4,1'91.900

Hiitchors** Orov..

1,484,400
(i-l2,()0(l

M29.300

Do
Do
Do

So. Div.i. October...
Arizona.!. October...

1320,823
168,138
68,902

N. Mex.i. October...

t.143,274 t2,003.4d2 t3,457,555

215,730
75.671
19.508

1,534,105
.579,700

AN.M. DecRmber.
23,500i
230.415
Union PaolHo... November. 2.426,771 2,025.8S9!23.4.59.080
Utah Central. .. December.
76,320
03,170 1,038,938

Tol. A. A.

I

2,103,397
378,131
201,124
26,393,747
1,174,736

Vlcksb'rg A Mer.l beecinber
62,793'
6rt,753,
504,6i;0
527,150
Vleksb.8h.APao. December
55,550
203571
291.66f;
139.700
Wab. St. L. A P.|l>eeember. 1,443,383 1,518,287'16,696!381 16,008,163
WastJergey ....iDecember.!
83.1301
7.5.46t;i 1.319.648
1.227.634
Christ! to Saltlllo, 397 miles; up to May embraced only
o<fi*^*"!r"'
236 miles. Laredo to Saltlllo.
e Only 136 miles now, but prior
w> May represented 207 miles.
g Not Including earnings of New York
renn. A Ohio road.
A Not Including Central New Jersey in either
year prior to lone 1,
i Included In Central Paoiflc earnings above.

"Decrease on account of snow block.ide.
Does uoi lucluUe Colorado Division in October in either year.

358,100
2i3.300
227 0)0
170.800
337.000
178.200
669,400
2,026,000
2,251.400
693.500
688.D0O
226.400
691,900

6.838,(i00

1,737,100
5.176.000
3,231.000
485,900

8.252.700

l.«'23,8:)0

12,539,000
16,735,300

CoKinterce
Bro:((lway
Mercantile

951,31)0

243,700

Paoillo

2,295,'200

821,300

Republic

e,260.100
3,088,300
1.602,200
3,133,800

l,4-i0,80O

Chatham
Peoples'

North America

...

660.700
146.100
127.300
2.146,100

8.0'i7,300

ITanovor
Irving

2.312.000

Citizens* ......

2,522.0110

Nassau
Market

2.069,200
2,092,000
2,123,600
2,658.000
6,151,300

.

.

Nicholas
A Leather..

St.

Slice

Corn Exchange

...

Continental

913,8110
1,027..100

297,900
50(i.300

214,600
639,000
654.700
1,558,100
107.800
8,9H8,200
5,761,200

S,7:0.iiOO

1,747,000
17,813.600
17.265,200
1,1 90,000
990,300
13.131,700
6,670.000
2,096,000
4,463.300

Oriental
Iraporters'A Trad.

Paik
North River
East River
Fourth National..
Central National..
Second National,.
Ninth National...

24.1100
1

2.270,000
824.000
1,811,500
3,513,300
1,00.1.100

261,200
409,900
201,800

Bowery

1,133.800
1.952,200

N. Y. County

l.H2ii.l90

German..Vinerlc'n.
Chase National...

2,743,600
2,336,400

Fifth Avenue
Gorman Exoh'nge.

2,47,5,000

3,3«:!,800

Lincoln

803,900
132,000
294,200
964,100
283,300
153.300

1,369,000

Usrdeld

996.400
1.116,700
2,806,200

J43,2l)U

437,300

'stt.ode

292,600
604,100
197,700
3,800
617,300
80,000

4.076.200
1 3,9; 6,000
16,614,100
4,585.900

818,90a
890,000
854,000

6.(l92.000

2,958.300
6,612,100
4,269,000
1,814.000
3.418.«0O

423.000
46,000
6,400

8,9t;4,000

360.000

13.0011

SI 3.700

3.714,300
2,878,800

266,600

2,544,3(10
2.19'2.90O

438,300

3,000
4,333.100
5.313.300
1.913.100
24,339,000
'23,I!3M, 100
1,694.000
977,500!
10.484,500
8,830.000
2,680,000

4'43,00d

3.

1

.3,14

82,200
98B'9()6

46,000
2'20'.20d

360,000
297,000
46,000
45.000
442.300

5,874,0(JU

13,446,700
4.737.500
1,235.3001

I'fs'ioo

2.070,8001
2,432.700
2,933.400
4,382.100
2.822.700
2.348,200
2.327.200
3.656.100
1,606.000
982,800
1,169.100
4,035,700

474,900
264.200
561.600
168.200
768.000
138.600
90.500
173,900
150,300
191.200
773,300

1,171,400

ais.aod

1,13'2,400

•24U.700

710,<)00

1,589,000
1,844,700

Total

80,000

4,3l)3,.)0iJ

Filth National
B'k of the Me:rop..

61)0,000
1,0(^8,990

2,226.100
226,000
229,500
1.425.500
1,378,600
251.000
577.000
1,223.200
546.600
337,600

.5.339,000

17,37.<,8i)0

First National
Third National ...
N. Y. Nat. Exch..

1,265,000
1 83.400
688.800
694.300
667.300
603,700
621,500
401,50o
358,500
630,000
601,000
700,300

iii'.aoi

»..>tll,000
4. '275.800

220,200

123.1100
1
'20.400
5.^7,700

b6.800

1

11.031.600
2.268.000
10,025,000
1,900,800
1,714,100
10.002,700
2.737,300
3,709,300
1,754,500
867,000
914.300
2,341,700

1,012,200

1,088. ;ioo

2,802.; 00
l,0.i2„500
2,53:(,400

8,

2.'.0,700

620.600

Mechanics' ATr..
(in'cnwlch
I.eath(jr Mannf'rs.
Hovonth Ward
State ot N. Y
Amorlc'n Kxcb'ge.

Merchants' Exoh.

460,000

9,85,-..0O0

1,007,800
233.100
1,732,000
99,300

1.252,900
6,949,900
156.300

14,393.600

Clionitcal

(ion.

U.S.

11.987.000

880,(100

City

225,000
180,000
45,000

IrO.OOO
44.000
177.800
133,700

291,317,000 99,909,300 10,141,200 351,719,900 11,275,000

The following are

totals for several

Specie.

\L. Tenders.l

weeks

Deposits.

past:
Oireulatlon

An- Oteafte

$

Jan.lO 296,153,600 95,177,000 39.779,200:349.247.300 11,262,300 ,'.16,132,177
" 17 295,337,8011 tt3,4S3,6O0;4 1,094,700,353,720, 100 11,311.60(1 524,873.451
" 211 294,317,000 93,909,300 ;40.1 11,200 351,749,900 11,275,000 489,310,263

Boston Banks.

—Following are the totals of the Boston banks
L, Tenders.

Jan.lO 116,238,900

8,022,300
8,234,700
8,513,200

„ J7 148,36:<,300
" 24 146,818,000

. .

.

10

\.\M.n\Kt
4.192,000
437.000

Specie.

.

330.6

1U.4()I.(IU0

150,749

555,651
Southern Dlv. jltli wk Der
24,35t)
772.39J
Other lines e.. IthwkDec
2,846
248,970
MUwaukeo A Nol December.
30,183
39.025
510,031
478,063
Minn. A St. Ixiulr October.
171,716
151,576 1,497,020 1,308,435
Mobile A Ohio
December. 285,08b 289.21IJ 2,161,761 2,266.642
Na»h. Ch.A St.L. December.
197,512
209,999 2,338,682 2,328.894
K.O. A Northeast December
93,154
56,932
332,923
176,919
N.Y. A New Kng December.
239,050 215,422 3,216.972 3,627.257
K.Y.L.EricAW.ff' November, 1,371,519 1,776,173 15,270,000 19.028,976
N. Y. Pa. A O November.
487,970 595. 20j 5,107,418 6,331, =;00
N.Y'.Susq.AWest December.
87,686
73,832 1,034,210 1,003,664
N.Y. Out. AW.. November. 133,57-! 135,41J
Northern Centr'l December.
442,26y
409,152 5.521,8781 6,038,131
Northern Paciflc Deccuiber. 739,514 850,184 12,501,6 :0il0,l40.050
. December.
OhioAMias
314,007
361,022
Ohio Southern.. December.
47,316
35,207
472,-.02
361,090
Oregon i«i Cal... Noveml)er.
00.700
114,174
Oregon rjup. Co. November. 305,037 384.217 3,143,308 3.797.520
Pennsvlvauia... Deeeml)er. 3,769,325|3,8i0,5l6 13,566911 51.033.244
Phlla. A Erie ... December.! 281.124
257,306 3,660,116 4,103,943
Phlla.A ReaU'^A N()vemb(-r. 2,554,133 3.851.916 24,54S,10-<l23.O02.53ri
Do C. A lioD November. 1,645.577 1.7S6.385 15,386,131 15,969.0.0
Blchm'd A Dau v. December
366,710 331,640 3,873,724 3,813,132
Ch. CoI.A Aug. December.
83,006
77.914
776,746
828.901
OolnmblaAGr. December.
82,390
65.570
688,901
737,897
GeorRia Pac.. December.
71,876
38,883(
Va. Midland. December.
115,014
118.443 1.590,099 1,686,192
West. No. Car. December.
37,216
33,784
410,122
382,037
Borne War.A Og. November. 135,075
131,461 1,539.583 1,541.30!
Bt.John8b.AL.C. .November.
n4.089
23,289
254.467
258,836
BfcP.Min.A Man. December.
826,203 699,480 8.275,387 8,394,6fi0
Bonth Carolina December. 131,193 128,888 1.233,291 1,326,969
eo.Pac.CaL.N D. October...
164,141
125,532 1,234,048 1,083,897

1,205,000
582,000
2,123,800

3,4^(1.000

4.332,300

Meoliaiiics'

km

•

.

..

Otreute.

othtr

TmKn,

11,670.000

Co

Merchants'

United States

December.
December.

147.3751 108 905 1,155,136 1,071.829
1,282.73011.312,739 16,339,510 15,999.440
130,000
1.645.000 l,8l 8,458 22.143.545^ 24.744'.426
2,233.801 2,562,773 23,423.313 23,939,460
319,7081 370.079 3,457.653 3,996,240
17,378
13,527
197,SJ3
101,932
97,444
67,h02
323.097
339.178 3.020.077 .1,070.967
376,803
371,945 3.S93.622 4,114.275
25,681
32,496
459.64
388.123
299,159| 278.761 2,619,439 3.276.8f=0
144,588
195,623 1,764,835 a.124.440
23,830
37,428
21^,316
266.337
80,557
70,032
512,558
490,314
43,35,S
50.133
313,445
361,326
70,001
70.665
501,332
494,136

St D»potU$

SpMb.

Germania

December

Ala.Ot.Soatbern
Atcb. T.A S.Fe
Atlantic A Pac.
Central Paclrtc.

»

1

Philadelphia Banks.

Deposits.* [Circufation\Agg. CUar'Qe

8.457,600 101.2.'>1,500 23,16f,3noi 69,231,593
6,499.600 102,896,90o:23,li9.'>,500 69,61'.>,0S-1
8,204,200 101,2U5,'200l2.1,051,'200i 64,27 l,a3g

—The totals of the Philadelphia

banks

are as follows:

Jan.

Lioans.

DepoaiU.'

Oirciilatlon.

$

9

9

7,834,9^3
7,324,433
7,321,782

44,433,297
43.600,219

10

"
"

Liwful Money.

$

1885.

17

*

26,223,801
73,715,331
73,013,551
2J,53i),29l
73,514.862
72,516.283
72,425,36u
21
2j,633,903
7.1,368,599
Inclndlng the Item "due to other banks."

Unlisted Securities.

—Following are

An- CUar'gt

43,38'2,427

latest quotations for

a

we'ek past:

Atlantic

A Pac— Stock...

M

Bank.AMerch.'rel.— Ist

Ohio Cent.— Hlv. Dlv., 1st
Incomes

11.

A E.—New stock
45

y.A

3

Phlla
Trust bonds, 68
Chicago A Can. so Ist..
Continental Con8t.Inip.Co
Denv. A Hlo Grande— (^-ons
Ss
Denv.A Rio Ur.
Ben. K. U. A W., l.Ht M.
Osar. by D. A R. O....
Edison Ktectric Light...

—

W

—stock
mort.,68

Oeorgla Pac
2(1 raort

Keely Motor
Louisv.

A N.— Adj.

Mexican National

36

ll-j
42(,

15
42 13

19

20

6

7

34
83
10
92
41
4

36
13
9214

42
ft".

67

Tt 10"
19^ 20 >8

Pref

MlirUn.—Sl'ok trust otfe O-n
M.K.AT.— Income scrip .. 31>s 35
Mahoning Coal A RK
N. Y. M. Un. Tel.-Stock. 46
N. Y. W. Sh. A B.— Stock.
2'.
4
North.

Pac— Div. bonds..'

North BIT. Cons.— 100

p.o

714
7^4

Atlantic

A

Western

8S1I

Ist

IHi

mort

mort

A Western
A Pac, 1st mort.
2dmo:t
Kans. A Neb., Ist mart.

St. Joseph
St. Jo.

2d mort
State of Tenu.— Set*m't.3ft
settlement, 58
Settlement, 68
Texas A Pac.-Scrlp 1884.

2»4
26'i

14Hl

A

95
94

34

la
31

Louis—

St.

Div., ass'tpd...
Dlv.. I8t mort..

M.AA.Div..inconie8,as p
Texas..
Uen. Ist.ld.gr.Alncasp.
U.S. Electric Light
VlcKsburgA Mendla::...
Pref
6s. Ist mort.. in

Ist moi't
*2d

10
16

61>8

New SCUD
M. A A.
M. A A.

271a

11

95
3d
90
33

Old scrip
Tex.

22
81

Southern Tel.— Stock

23
10

bonds •j"

Ojimort

moit

Pittsburg
1st

Bnir. N.

A

Postal Telegraph—Stock
b*t mort., 68

H.T.A West.— Sfk.

Debentures

1st

2
62 13

Ist

Old
Bost.

15

Pensacola

7

80

Clen. niort

Bo»t.

Bid. lAak,

Securities.

Securities.

Am. Bank Note Co

morv

Incotnes

...

26 '1

281a

"

37

96
6S

'

"

.

THE CHRONICLE.

160

%nvitsttntnt

1880-81.
Liabililiei—
Stock, common
Stock, preferred

AND

^Kilvan,&,

Bonds (see 8ur'.u'T)
Coupons due
DueT. H. &Iid RR
Income account

itttjclltsjeticjc.

ThelNVBSTORs' Supplement contains a complete exhibit of the

Funded Debt of States and Cities and of the Stocks and Bonds
of Railroads and other Companies. It is published on the

—

Saturday of every other month viz., February, April,
June, August, October and December, and is furnished without extra charge to all regular sti,b.s bribers of the CHKONica.E.
Extra copies are sold to subscribers of the Choknicle at 50
last

cents each,

and

to others

than subscribers at $1 per copy.

ANNUAL REPORTS.
Louis Yandalia & Terre Hante Railroad.
(For the year ending October 31, 1884.)
The annual report just issued shows that the rental received
St.

in the last fiscal year was $447,092, and the total charges
$862,083, leaving a surplus for the year of |'^5,009. To the
lessee the loss on operating the road was $71,549, against
$115,399 in 1883. The report says that the decrease in the
freight business is accounted for in the facts that a smaller
amount of freight was carried, and at a less rate than that
received during the previous year. This state of things was
occasioned by the short grain crop along the line, and further
by the general business depression prevaiUng during the
CTeater portion of the year 1884, during wliioh the St. Louis Iron
Steel Company's works and other iron furnaces and mills at
St. Louis were closed.
Another element in the case was the
effect produced by the operations of the coke pool at Pittsburg, under which tlie coke, heretofore carried over the Vandalia road, was diverted and reached St. Louis by other lines,
resulting in reducing the quantitv of coke hauled during tlie
year from 92,181 tons in 1883 to 41,598 tons in 1884, or 50,583
tons. The above reasons will also account for the falling off
in tonnage of miscellaneous articles of manufacture, from
198,912 tons in 1883 to 164,901 tons in 1884, a decreaseof 34,011

&

tons.

While tlie coal tonnage increased from 378,118 tons in 1883
to 409,678 tons in 1884, or 81,560 tons, the revenue from that
class of business decreased from $186,159 in 1883 to $133,931 in
1884, or $52,227.
This large reduction in the coal earnings is
explained by the disruption of the pool in bituminous coal
mined on roads terminating in East St. Louis and hauled to
that point, through wliicli pool the rates obtained were two
and one half cents per bushel.
The following are statistics of traffic and earnings for four
years past, prepared for the Chronicle
;

ROAD AND

[Vol. XL.

Total

$
2,333,016
1,514.700

1881-82.

$
2 333 016
1.544,700
4.49U.O00
93,415
17,94^

1882-83,

1883-84.

$

.«

2,383,010
1,544,700

19,3lj>i

4,49;t,00:i

!I2,750

17,947
8,537,413

17.918
116,636

2,333.016
1.544,700
4,499.000
92,820
17,947
228.416

8,537.417

8,634,210

8,765,899

4,499,00;)
92, 890

Central & South American Telegraph Co.
{For the year ending Oat. 31, 18S4.)

The report of Mr. Jas. A. Scrymser. President of this company, is dated Jan. 14, 1885, and contains the following "The
last published report was issued Jan. 12, 1884.
It exhibited
the net earnings of the company, ascertained and estimated,
to Dec. 31, 1883,1175,643. The Treasurer's report, annexed,
shows additional net receipts to Jan. i3, 1885, $195,318, making
the total net earnings of the company to this date $370,963.
This realizes, substantially, our anticipations at the date of
the last r^-port. It has suflfiaed to pay the d-^bt of the company, and leaves an nnexi)ended surplus of net earnings
amounting to about $30,000. There also lemains in the treasury, unimpaired, 9,934 shares of its capital stock, representing a par value of $993,400.
"It will be observed that the net profits since December 31,
1883, exceed those of a corresponding period embraced in the
last report by $19,674: notwithstanding the fact that the
unusual receipts of October, November and December, 1883,
exceeded the average monthly receipts by some $50,000—
owing to a prolonged interruption of the cable between Europe
and Brazil; the extraordinary receipts in 1883 being considerably surpassed by a steady growlli in the ordinary earnings of
the last year. A comparison of the gross receipts of 1884 with
those of 1883, after allowing for extraordinary receipts in
both years, shows a normal growth in traffic of over 33 per
cent.
This was mainly due to the improved commercial condition of the countries reached by tlie lines of your company,
notwithstanding the general dulness of trade, and although
both the through and local tariffs have been reduced from 15
to 50 per cent.
It is evident, therefore, that with a continued
improvement in commercial intercourse, there is every reason
to expect that your company will soon be firmly established as
*
*
*
a dividend-paying concern.
" The company's cables are in excellent condition, and have
not occasioned the outlay of a dollar for the past nineteen
months. Nor have the cables of the Mexican Telegraph Company in four years "
Condensed Balance Sheet— October 31, 1884.
:

Assets.

Liabilities.

Cost of plant, including
spare cable and material on hand
$4,347,710
Treasury stock, 9,934
993,40f>
share?, each $100

Capital stock
$5,000,009
Netearni'gs, Oct. 31,'84,
33i!,443
8un(lr,v open accounts..
53,552

Sundry open accounts..

48,8'Sl

EQUirMI-.NT.

1880-81.

1882-93.
18S1-82.
1883-84
153
lo8
15S
1.58
I/Ocomotivps
32
33
41
44
Pas8.,iuail (feoxiLcara
25
24
23
21
Freight cars
981
1,231
1,232
1,227
Coal and ail other ...
377
377
382
380
OPERATIONS AND FtSCAL KK8CX.T8.— LESSEE'S HEI'OKT.
Operatioua—
1880-81.
1882-S3.
1881-82.
1883-84.
PnssenKeis carried..
:jPu,2T9
3<'3,639
316,963
323 201
Passenger mileage... 19,161,449 18,311,812 18,535.282 lft,74: 460
Av.rati-tiiJpass. t?m.
2-217 eta.
2-353 cts.
2-44>5 ols.
2-li5 cts.

$5,.38:>,005

$5,339,995

Hilesowncd

Freight (tons) uioved 1,066,031
1,126,799
1,191,083
1,114,510
Fr'ght (t'ns) mlle'ge. 107,089,535 115,982,845 ll],'ilO,481 101,209,720
0-877 cts.
0979 cts.
^ ton ^ m.. 0934 cts.
843
cts.

Av. rate

Eaminns—

$

$

$

421,777

430.863

454,980

1,000,505
140,233

1,017,751
147,512

1,094,162
151,512

S
454,518
S78 459
157,330

Total gross eam'ge. 1,565,515
Operating expeiis'^s^

1,596,126

1,700,954

1,490,307

Passenger
Freight

Ac...

Mail, express,

Mainten'eof way,&c.
Motive power& equip
Trans exiieiises
General
Tot. op. expenses..

Net earnings
INCOME ACCOUNT

454,464
442,023

236,.525

373,130

476,867

4(i2,115

448,fi88

447,4.59

26,709

442,983
27,837

225 5.-)7
403 148
45o'587
29,472

1,187,560

1,306,067

1,114,764

31,866
1,376,941
ST.

188,574
408,566
394,887
375..543
LOUIS VANDAI.IA A TEBUE HAUTE COMPANV.
1880-81.

1881-82.

1882-83.

^
478,337

*R

ffi

5l6,2-<6

417 09"

469,824

478,837

510.286

447,oT2

314.930
32,188

314,930
34,457
1,107

314,930
65,987
2,080

314 930

1,924

]^CC6l})tS

349.012
120,782

350,494
128,343

382,997
127,239

362^083
85,009

Si

Kental,30p.c.ear'gs.

Other receipts
Total income
Disburseinetils—
Interest on ili'bt

Taxes
General expenses
Tot. disljursements
Balance, surplus*....

469,654
170

1883-84.

46'35'»

794

* The loss to the leasee on the four years' operations was as follows
1880-31, $281,080; 1881-82, $70,272; 1882-83, $115,399; 1883-81,

Ip71.u49.

GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
18B0 81.
,jl

oofifs

Cash on hand

T.H.&I.RK

...

.

MiscellaucousiturB,
Total

1882-83,

1883-84.

8,338,4'j9

8,343 6'"

5iO

550

'550

(

a„

550

537,413

,557,447

8,684,210

8,765^899

St

8,330,411
3,225
112, 2UH

rents cct

Income account

..

1881-S2.

8,338,211
3,155
215,531

JR

KK.,b'i'l'g,»,cqulp ,&o

1,019

%

01

3,145

-^'i-i'i

.342,0;6

418* .588
'

GENERAL INVESTMENT NEWS.
Bnffalo New York & Philadelphia.— A report in the
Boston Advertiser January 24 said " The funding scheme of
the Buffalo New York & Philadelphia recjuired the consent of
three-quarters of the stock to make it binding, otherwise the
money subscribed was to be returned. So far, about half of
the foreign stock lias assented. Co,sh has been received from
holders representing about 100,000 shares and promises from
as many more. Out of $16,500,000 of bonds affected by the
funding scheme, the holders of $13,500,000 have agreed, so
that has gone through. It is believed by the officers of the
companj^ that the stockholders will yet come forward in
numbers sufficient to take care of tlie floating debt. The
earnings for the first quarter of the fiscal year show a handsome increase over the business for the same period of last
year, and the increase for January was greater than was
expected. The company is getting a great deal of through
business from its new connection with the Baltimore & Ohio
and the West Shore. Now that the Pennsylvania and the
Baltimore & Ohio have come together on the question of
bituminous tonnage, and the price is fixed at $3 25 at tidewater, it is thought that r,ites can he held up so as to afford a
fair profit for all the companies.
The joint committees of the
Erie, Rochester & Pittsburg and the Buffalo New York &
Philadelphia have referred the matter of the distribution to
the individual operators, and hope they will agree, so that rates
may be advanced on competitive coal going into Buffalo.
—It is reported from Philadelphia that the final details of
the bituminous coal pool of the Baltimore & Ohio and the
Pennsylvania Railroad companies were arr.-mged on Thursday
The Pennsylvania is allotted
at a meeting held in that city.
55 per cent of the total output and the Baltimore & Ohio 45
per cent.
Burlington Cedar Rapids & Northern.— This company
has applied to the Stock Exchange to have $1,649,000 additional
per cent consolidated first mortgage and collateral trust
5
bonds issued on 110 miles of new road.
Canadian Pacific- Contrary to the reports which had been
current in the stock market, the Canadian Pacific directors
declared a dividend of 1 j)er cent payable February 1. Thia is
in addition to the guaranteed semi-annual dividend of 1% per
cent, and makes the total dividend at the rate of 5 per cent
per annum.
:

:

January

—

:

.

THE CHRONICLE.

81. 1885.]

Central of Iowa.— It is roported that the manaRors of thiK
railway are propariin? a /unding circular, which will state that
tho oompaiiy liiis a tlmtins; <lebtof about 1 100,000; that Oittobor coupons on divisional bon<l8 are in default, and tliat thi-ro
wa8 a doliciency of oarningH to mt'Ut January 15 coupon on
f;t,700,(X)()

which amount was advanced by

old 78,

tlio

Mercan-

Trust Company of New York, the first earningei boinj?
pledged for tlie redemption of the loan. Tho roatl suuert) for
lack of a bridge across tho Mississippi Kiver, and a contract
to build one is about to bo lot, which will add to the earning
capacity of the road. To meet those expenses the divisional
bonds are to bo converted into consols, with half interest
tile

funded for two years. Holders of $3,000,000 divisional bonds
assented to tho advance, and if tlw remainder assent, the managers tliink that, with tho flo:iting debt provided for according
to tlie plan under consideration, the road can meet all charges
henceforth.

Chicago & Eastern Illinois.—The earnings for November
and for live months were

—

—

:

.

Vouemfter.

July

,

1

Jo

1881.

1HH3.

189t.

Nov. 30
1883.

.

$135,400 .$119,907
(>9,172
63,632

Oro.HS oarniuca
Operating oJciMjnsea

Net carnlnza....

$724,7.'57

378,103

$731,909
3t6,4SU

SS0.735

$346,054

$3ti3,123

$0i).76S

Connottoii Valley.- The Receiver and General Manager of
the Connotton Valley road in Ohio, which is chiefly owned
in Boston, has forwarded his report for tho year 1834, from
which tho following items are condensed. The mileage was
It is a narrow gauga
161, which is nine more than in 188;}.
ro:vd and wholly dependent upon local traffto. The main items
of traffic are coal and passengers, and in the latter department
the miinagement has opened a suburban business between
Cleveland and Bedford and intermediate points, whicli is
becoming gnulually of mutual benefit to the public and the
railway. The road has been flnanoially embarrassed since its
completion and on January 20, 1881, passed into the hands of
a Receiver, under whose management it has since been operated. Tho line has suffered a diminution in its earnings the
past year by reason of a protracted strike among the coal
miners in the Carroll County district, which decreased the tonnage of coal from one mine in that locality 100,000 tons, besiiies
materially affecting the other revenues of the line during the
period of the strike, which continued six months, February to
July inclusive.
The eoal tonnage was 193,400, a loss of 63,400 tons. The tonnage of general freight was 41,t>6S, a gain of 13,518. The passengers carried were 456,627, a gain of 132,547.
The earnings and operating expenses in 1884 and 1883 were
as follows
188'i.

Freight.

Passenger.

Total.

Eai'iiiugs

$169,048
112,443

$14,i,<il9

$312.H68

107,592

25i',011

Expeniiea

Not

$37,427

.$2-1,200

1833.

Freuiht.

Fassenr/er.

Earnings

$200,395
147,507

$1:1,834
101,797

Expense.'!

Net

$58,888

Delaware Lackawaiina

$23,03G

«62.627
Total.

$3;il,230

$81,924

Western. At a meeting of the
company, the statement for the

board of directors of this
year 1884 was submitted as follows
18=4.

:

GrossearnlnRS
OpenUlu)! expeases

$31,311,992
23,008,146

1883.
$32.S19.60.5
23,093.048

Notearnlngs
ami rentals

$8,303,845

$9.726,5.i7

.'5,1:3,322

4946,943

Doc. $1,422,712
luu.
166,379

.$3,190,-523

$4,779,013
1,072,816

Deo. $1,539,091
Dec.
6S7,7?4

Interest

Balance
Betterments

385,032
$2,f05,490
2.096,000

Balai.oe

Dlvldomla

$3.70'<.797

Ohanaea.
Doe. $1,507,614
Dei'.
81,90;

Deo.

$001,307

$709490
$1,610,797 Ooc, $9„1,307
The Buffalo Extension earned 1 per cent above guaranteed
interest on bonds and stock, $258,000 for year ending December 31, 1881.

East TeiuifiS.sisR Virginia & Ueorsria.— The receivers appointed by the Georgia Stat-' Ci)urt for tlie part of the E;ist
Tennessee Virginia & Gaor^ria Riilroad in Georgia have been
dismissed by the Court, and the entire road is in tho hands of
Receiver Henry Fink. The East Tennessee Virginia & Georgia Company presents tlie following statement of operations
for the month of December, and from July 1 to December 81
.

December.
1884.
1833.
.$374,945

,

Netoarnings

$130,430

.

&

company.

A resolution was adopted appointing A. Foster Higgins,
William Laimbeer, C. I. Hudson, James Middledith, Cyrus J.
Lawrence, Albert Kelly and John 8. Barnes a committee to
represent the first mortgage bondholders and to take such
action as they might deem proper to protect their rights and
advance their interests. In case of continued default in the
interest beyond the stipulated 60 days the committee was
authorized to institute such measures, legal and otherwise, as
they might think necessary.
The meeting unanimously resolved that the committee
should request the resignations of the trustees of the first mortgages, and should seek to have other responsible trustees
appointed.

The meeting adjourned subject to the call of the committee.In reply to inquiries by the oommittf e, Mr. C. P. Huntington
had sent to the chairman the following letter:
Dear Sir: At your request I send herewith the following statement
of Kross earnings, amounts charged to operating expenses, amounts
charied to renewals anil bettoniu-hts and gross interest charges ol the
II. & T. C. Railway Company during years from 1880 to 1884 inclusive:

1884.
1883.
Gross earnings
$?,590,375 $3,257,873
Operating expenses... $1,679,993 $1,743,771
Bctteinncnt'', renewals
and Interest on lioatiiig debt
719,290
845,165

1882.
1881.
$3,156,517 $3,748,655
$1,748,904 $2,141,872

603,066

1,095,052

Total expenses
$.%2'J9,283
Surplus npplicable for

$2,588,956

$2,356,970

$3,236,924

271,n92
on bonds
on bonded debt... 1,173,200

6K2,919
1,193,200

799,547

571,731

1,193,255

1,139,965

interest
Int.

$"i3,C>23 $1,393,708
Deficit
$902,108
.$628,174
The year If 80 is omitted above for lacl{ of space in the column, but the
net earnings ill tliat year wore $1,551,830, :ind the surplus afterpayment of Interest was $152,40.i.
[A sniHll auuu:il payment is made on account of interest and sinking
fund on .State dflit, the precise amount of which I am unable at tho
moment to state I
Tlice arc! the amounts as furnished me by the ollioers of the Railway
Company, and I have no reasnu to doubt ttieir accuracy. You
nre .at liberty, of course, to make such use of these slatements as
ycHi may deem best, and I see no reason why they should not belaid
before .iiiy oud ;.ll persons who have any legitimate interest in the
iitfairs of this company.
thar, probably tlirough Inadvertence,
I notice
certain now.^papors Itave
ido statements In regard to this mutter in
which rlioy liave uu'ieittki'U to compare the amount remaining after
deduciiu.' the omounis oliarged
openiting expenses, and to renewals
iiiid bcttcimerUM for tlie year 1884, witli the amount remaining after
deduciiug only tlio amounts charged to operating expenses in preceding
ye-irs; but the stateimnts now sent you will enable you and all others
IrtTe-ted todiaw sncli oanclusions in respect to the earning capacity
of this pronoriy us tho fiiots m;iy wairant. The t,ables speak for them8elrei>, and I have uo cummeuta whutevoi' to make la respect to them.
C. P. HCNTIXOIOK.

m

2,096,0u0

Surplus

Gross earnings
$376,803
Operating eiiienses 246,373

also that the roiul has not earned the intorojit on itJ bondf* for
five years, although in that time $.1,200,(X)() wa« expended on
betterments and renewals. Tlio committee reported that by
the terms of tho first mortgages the Iwndholders are entitled
to have conveyed to the trustees for their Iwneflt 6,4(X) iicrcs of
land per mile of completed road, which on the main and divisional lines amount to 8,282,730 at^res. If this land should be
sold lit an average of only $1 50 an acre, an amount would be
realized equal to about one half of tho whole first mortgage
debt, and would leave only one half to be provided for by tho
sale or reorganization of the r.ailroad.
The chairman of the committee, acting upon legal advice,
addressed formal demands to the trustees of the different mortgages, Messrs. Easton and Rintoul, and the Farmers' Loan
Trust Company, calling their attention to the language of tho
mortgages, which requires the railroad company to pay to the
trustees on or before Dec. 15, 1873, and each succeeding year
thereafter, a sum equal to 3 per cent of the amount of such
bonils as shall then be outstanding and unpaid. The language
of the mortgages is so strong on this point that it amounts, in
the judgment of the committee, to a covenant to pay this sinking fund requirement out of the gross earnings, and the breach
of this covenant and continued default in interest makes the
conveyance absolute of all the property described in the various deeds of trust, the effect of which would be to constitute
the bondholders owners of all the property and franchises
enumerated in the dee's. The triustees were requested by the
committee to demand from the company tho annual pay
ments due tho sinking fund from 1873 to the present time, an<l
also to demand speciiic deeds of all the lands belonging to the

219,305

—

&

161

JiUylloDee. 31.

.

$2,3<,8 93")

243,549

188J.
$2,129,313
1,274,304

$131,396

$355,039

$1,072,063

18S3.
l,23i;,<'22

M

—

Indiana I5Lioaiin?tou & Western. This company gives
notice that on Jan. 18 it withdrew all tlirough passenger trains
from its St. Louis Division, and will hereafter run only local
.Tccommo'lation trains between Indianapolis and Decatur. The
St. Louis business formerly done over this division by way of
Decatur will htreaftor be done over the main line, through
fassengers being transferred to Ihe Wabash road at Danville.
t is understood that the operation of the St, Louis Division
has not been profitable, .and the company has decided to use
it for locil business only hereafter, limiting the train service
to tlie amount of business offered. Railroad Gazette.

Honston & Texas Central.— The first mortgage bondlioldmeeting at 00 Wall Street to listen to the report of
Maryland Central, The annual meeting of stockholders
a sub-committee which was appointed at a previous meeting
was held on Monday, at which a board of fifteen directors was
to inquire into the condition of the company, and particularly
the causes that led to the default on the January coupons, elected. The road is in the hands of Receiver Wrenshall.
Ex-Judge Charles Peabody presided, and among the others One of the large bondholders, who is a director, says that tho
present were William Laimbeer, A. Foster Higgins, Charle-i 1. status of the company is unchanged, and there is not a probaHudson, James Middledith, Cvrus J. Lawrence, Leoixild bility that the property will be taken out of the hands of the
Kahn, C. H. Wilcox, Albert Kelly, William H. Beobe and G. receiver the present year.
Bussing.
New York Lake Erie &, Western.— In the matter of the
The report of the committee was read by Mr. Higgins. From Car Trust of New York, wo are informed that this R.ailway
figures furnished by oflicers of the company it appears that Company has offered additional security to the holders of the
the deficiency in income in 1884 amounted to about $900,000
Car Trust certificates, and tfc^t in this form the plan of settleers held a

—

;

THE CHRONICLE.

152

fVoL, XL.

ment will probably be accepted as satisfactory to both parties. taken steps to foreclose the mortgage for non-payment of
The addi ional security is intended to counterbalance the ad- interest. An affidavit of Charles A. Spofford, Secretary and
Vantage relinquished by the holders in the postponement of the
annual drawings for redemption of certilicatea. Holders of
C D and E series get six per cent, as now, and F and G reduce
their interest to five per cent.

New York & New England.—The gross and net earnings
for the fiscal years 1883-84 and 1884-85 by months are as follows:
Hel Earnings.
Or OSS Earninga.
.

.

1883.
$105,422
42,183
68,303
51,019 Def. 115.160

1S?4.

October

November
December

1883.

1884.

$'!08,992
254,4'iO

$3B5,S77
310,032

$105,9I>8

239,019

2I5,4'21

¥300,461

Total

$891,390

$32,4;5

$225,290

—The Boston Transcript says of this company:

New York

"

& New England stock is looked upon with more favor by some
persons

who have

previously declared their inability to see

any value to it. The road is doing as well as was expected.
The net earnings for December will show a gain of $150,000
over last year, of which $100,000 may be attributed to the
Very large operating expenses of last year, December taking
all the balances which could be charged against earnings
under the management which preceded the receivership; the
Norwich & Worcester rental is to be reduced from ten to eight
per cent; the new limited express train between New York
and Boston now carries two full drawing-room cars and the
morning fast freight, which started with three cars, has been
increased to twenty-three. The next step in the company's
finances will be a settlement with the floating debt holders
and the release of the company from the receivership."

& Western.— In

a preliminary statement issued by
the company showing the business of the year 1884, the following comments are made: "It will be seen that in 1884 the
through passenger and freight business of the Norfolk & Westem Railroad suffered, as was generally the case throughout
the country. There was, however, a heavy increase of local
business; so -that in the aggregate the number of passengers
and of tons of freight carried was largely in excess of tliat
in 1883. The average rates received were less in 1884 than in
1883, owing to the fact that the increase of business was in
the lower classes carried in large volume, and at low rates.
The decrease in gross earnings occurred in the six months
from June to November inclusive; in each of the remaining
Bix months the gross earnings were about equal to or in excess
of those of the previous year.
December, 1884, shows a considerable increase of earnings over December, 1883, and indications are that the earnings of January, 1885, will similarly
exceed those of January, 1834.
The statement of earnings and expenses for December and
the year 1884 were as follows.

Norfolk

Treasurer of the Oregon & California Railroad Company, was
presented by counsel for the company. The affidavit stated
that bonds "to the amount of $10,000 for each mile of road
constructed or to be constructed are authorized, that
451 miles have been constructed, and that the trust
company was therefore asked to issue a proportionate
amount of bonds. Mr. Spofford denies that there was any
default on the coupons last April, and says that under a construction contract and lease the Oregon & Trans-Continental
Company was obliged to pay the coupons or furnish the money
to pay them. This contract was canceled in August last.
Mr. Peckham argued that unless there was something in the
trust deed which would bs violated by issuing more bonds, the

Oregon Nayigation,— Mr. Elijah Smith, President of
company and the Oregon & Trans-Continental Company,

December.
1894.
1883.

.

1881.

:

:

Navigation stocks."

As to the Oregon & California, Mr. Smith said that the O. &
Company weis a creditor to the amount of $446,000, which
was due on January 1 but was not paid. " If the Oregon &
California had paid that, we would have delivered, to them
$2,200,000 of their second mortgage bonds which we own. As

T.

the Oregon & Trans-Continental
secured against loss."

it is,

IB

JTet earnlncB

:

LINES EAST OF PITT8BCRO
.

Gross Earnings.
1884.
1883.

3,9^9.085
4.617,894
4,458,871

October

4,447,.547

$21,352,579
4,130,950
4,775,380
4,631,993
4,875,318

November....
December

3,050.937
3,769,328

3,810,510

Total year... $48,566,911

$51,033,244

-

AND

ERIE.

Xet Earnings.
1884.
1883.
$8,112,242
$8,518,826
1.391,116
1,492,734
2,151,507
2,112,622
1,922,365
1,887,395
l,92i,702
2.219,150
1,857.177
1,175,711
1,036,229
1,183,227
.

$1,303,203

H.'l— At Concord, N. H., Jan. 22, Counsel
of the Supreme Court a bill in
equity on behalf of John E. Robertson, and other stockholders, against the Northern Railroad, praying for a division
among all stockholders of the surplus property of the corporation, which, it is alleged, amounts to nearly $1,500,000.
A
temporary injunction has been granted by Associate Justice
Carpenter enjoining the corporation from disposing of or
transferring any of the securities in which the surplus is
invested, or parting in any way with the possession thereof,
and he has ordered a hearing in reference to the same in Concord, Jan. 27.
(N.

filed in the office of the Clerk

$18,033,902

$19,333,101

LINES WEST OF PrTTSEnRO & ERIK.
Iftl

Surplus over
1884.

First 6

months

July
Austust

September

—

Grading is going on forty miles further to
EUenburg. On the west side of the mountains track is laid
twenty-six miles from Tacoma, and grading is in progress
twenty-four miles further.
City.

all lAabiUlies.

1883.

Dee. in 1884.

Det. $724,490

$182,931

3,168
18,954
52,815
131,487
Der. 317,969
Def. 93,251

12tj,759

217,490
318,522
292,801
Def. 54,407
Def. 310,218

$907,421
123,591
223.536
265,677
161,314
263,562
Inc. 216,997

Def. $929,256

$803,843

$1,733,112

Richmond & Alleghany, — The reorganization plan adopted
by the bondholders, known as the Scott plan, provides that

—

In Supreme Court, Chambers,
Oregon & California.
Judge Andrews heard arguments on an order granted in a suit
Oregon & Trans-Continental Company, to show cause
by the
why the Farmers' Loan & Trust Company should not be
enjoined from certifying or delivering any more bonds of the
Oregon & California Railroad Company. The Farmers" Loan

existing mortgages shall be foreclosed without opposition, and
the property vested in a new company, which shall have
$5,000,000 first mortgage 5 per cent bonds, bearing interest
from Jan, 1, 1887, and due Dec. 31, 1934. But if interest
maturing on or before Jan. 1, 1892, shall not be paid, the bonds
shall thereafter bear 7 per cent interest; also $5,000,000 preferred
stock entitled to dividends up to 6 per cent per annum, noncumulative and no dividends until 1887 also $5,000,000 common stock. The new company shall issue new securities as
folio vs: New firsts for the present firsts, with unpaid coupons
Holders of present firsts shall receive
attac t ed, bond for bond.
$1,500,000 or 30 per cent of the new preferred stock. Holders
of pK.'sent second mortgages shall receive $3,400,000 or 48 per
cent of the new preferred stock. The company shall hold 23
per oont or $1,1013,000 of the new preferred stock in its treasury.
New common stock shall be divided, 30 per cent to present first
mortgage bondholders; holders of the present stock or trust
certificates shall receive 70 per cent of the now common stock
by paying an assessment of 3 per cent on the par value of the
committee was to be appointed to
stock receivf'd by them.
carry out this plan. Holders of present firsts thus receive for
each bond one new bond, $300 preferred stock and $300 common stock. Holders of present seconds will receive $600 pr»;

&

Trust Company holds a second mortgage on the railroad
company, which was delivered to«it on May 26, 1883, and up
to August, 1884, there had been issued on this mortgage bonds
to the amount of $2,610,000, of which the Oregon & TransContinental Company owns 3,200. On the coupons to these
default was made in April and October last, and when the
payment of the principal was demanded it was refused. The
Oregon & Transcontinental Company claim that this security
is not sufficient to pay the bonds already issued, and that if
any more are issued it will suffer great loss.
For the Farmers' Loan & Trust Company, Mr. Herbert B.
Turner, of Turner Lee & McClure, offered an answer to the
complaint, alleging that no request had been made to that
company to issue more bonds, but that in accordance with
the request of the Oregon & Trans-Continental Company it htad

4,17.3,179

As to the lines west of Pittsburg and Erie, the monthly
reports issued in 1883 and for the current year show the results
below.
The company's returns, however, state a loss for
the year 1884 compared with the yearl883, of $1,741,925.

Northern Paoiflc. The Northern Pacific is making progress October
November
with its work on the Cascade branch on each side of the moun- Oeoember
Track is now laid from Pasco Junction, Washington
tains.
Territory, eighty-eight miles, to a point three miles beyond
Totalyear

Yakima

,

AuKUst
September

$2,812,776
1,509,573

$1,191,246

holds the bonds and

—

July

$86,083

still

Pennsylvania Railroad. The gross and net earnings for
the year 1883 and 1884, by months, are specially compiled for the
Chronicle in the tables below. The result of the operation
of all the lines east of Pittsburg and Erie for the month of
December was a decrease of $86,998 in net earnings and for the
year a decrease of $1,296,300, compared with the yearl883. On
the lines west of Pittsburg there was an increase in net profits
of $216,997 for December and a decrease of §1,733,112 for the
year, as compared with 1883

1883

$2,711,104
1,516,S58

this

said

corporations were in no financial trouble. He
authorized statements to the following effect First, that the
earnings for the five months ending November 30 were more
than at the rate of 6 per cent per annum. While the snow
blockades in December practically destroyed the business of
that month, they have not materially changed the result for
the six months. Alluding to the rumors that the dividend on
Oregon Railway & Navigation stock would not be paid. Mr.
Smith said " The dividend has been declared, advertised for
nearly 10 days, and will be paid. The present management of
the Oregon & Trans-Continental Company has not sold a share
of its holdings of Northern Pacific or Oregon Railway &

Tear,

.

$232,H53
146,764

$115,566

Expenses

Northern

.

$2*7,054
131,488

re-

that those

First 6 months. $23,333,219

Qro6SearniDg3

Judge Andrews

plaintiff had no right to an injunction.
served his decision.

A

'

:

January

THE ClIRONICLR

31, 1885.

ferred stock for oach bond. The first dividend upon enid preferred stock shall not bo <loclnre(l or paiil until tlio new company ahall buve in liai\d fS.lO.OOO in money or monoy'H

153

%\it C!r0mmcnial gimes.

COMMERCIAL EPITOME.

worth.

Sodns nny * Soulhern.—The OovorninK (Jomniiiteo of
FniDAY Night, January 30, 1885.
the Philiuielpliiii .Stoc-lc Kxcliango have lialtnl .fV)0,(X)0 of llio
The dynamite explosions in London excited the greatest
first mortgaKe live per oent forty-yoar goKl bonds of the Soilus
Buy & Sunt hern Railroad, which is controlled by the North- indignation in our commercial centres, and, causing some
prn Cenlral Uailwuy, giving tlio latter its outlet to Lake
possible effect abroad, weakened

uneasiness respecting their
momentarily nearly all speculative values. The weather has
been so severely wintry, even in extreme southern latitudes,
as to prove a serious obstacle to transportation, thus delaying
business of many sorts; and not only this, but causing the loss

Ontario.

Sonthern Cenlrnl.— A press dispatch from Auburn, N.
v.,

"The Southern Central Kiiilroad to-<lay
faid
;;0,
into the hands of the Lehigh Valley Company, which

Jan.

|iiissed

:

will hereafter operate the road."

of

Railroads.—The official earnings and
the montli of November and since Jan. 1 have

Tlio Hnntiiififton

expenses in
been

.. _
1883.

:

1881.

,

.is

Now

.

Orots.

Net.

Gross.

Ntt.

$41,074

J10H,192

$:>.J,on3

f.i,ry.i^

Orleans

32.11-2

299,169

150,372

5.1,745
278,7t)l

-Hi.Gn
87,5U0

WMtrrn

I„.uli..in.»

.

$34,457

Xovtmber—
IVxns

.

lUril8bnrK.t b. A...
Jan. I III Dee. I—

(iai.

many

Northwest.
Progress has been

lives in the

in this harbor.

Heavy ice is accumulating
made in the adjustment of

disputes between rival coal and mining companies, with the
prospect of a more active prosecution of these industries, and
manufactures generally indicate reviving business— all on the
basis of a much reduced cost of production.
Lard futures were quite buoyand early in the week, but

under the large prodtfctions and decreased export movement
the tendency latterly has been downward, and the market was
weak, closing at 7-09c. for February, 7-15c. for March, 7-21c.
Toledo Cincinnati & St. Lonls.—The recent reports of for April, 7'30c. for May and 7*30c. for June. Spot lard was
Chicago were forestalled by ths
Judge Gresham'a decision in
prime city, 7'12)^@7-15c. for prime
item in the Chronicle of Jan. 17, on page 94, which gave fairly.active at 7c. for
Western and 7'40@7'45c. for refined for the Continent. Pork
iinito clearly the situation in regard to the purchase of the terminals at East St. Louis. This property consists of some three closes dull at $13 25@$13 .50 for mess and $15 25@$16 for clear.
miles of right of way and a strip of 1 ind about 300 feet wide
Bacon remains nominal at 6J^@7j-4C. Pickled cut meats have
and 1,200 feet long. It was purchased from S. C. Clubb of St.
active at &}i@^^ic. for bellies, 53g@5*^o, for
Tjouis and the Wiggins Ferry Company for .$7."),000, and is now been more
The Chicago papers report shoulders and 9@9}^c. for hams. The Cincinnati Price Curi-onsiilered to be worth $500,000.
that Judge Gresbam entered the order confirming this right to rent's report of hog packing shows a total thus far this
iiurchase, on condition that the bondholders noc represented
season of 4,238,029, against 3,546,070 thus far last season. Baef
l)y the committee, of which James M. Quigley is Chairman,
shall have the privilege, on or before March 1, 1885, of becom- has declined; extra mess, |11@$11 50 per bbl.: India mess, $20
ing parties to the bondholders' trust agreement of April 9, @22 per tee. Beef hams are firmer at $21 per bbl. Tallow
1884, upon the terms therein prescribed.
has been firm at 6}^c. Butter has been dull, but remains
A second five per cent assessment has been made upon the steady, and State creamery is quoted at 23@36c. Cheese is
bondholders of the Dayton Division of the T. C. & St. L Kail- quiet at 9@13i:^c. for State factory. The following is a
road, payable to the International Trust Company, Boston, by comparative summary of aggregate exports from October 27
and under the agreement signed by the bond- to Jan. 34
[•"ebruary 3
iioldere,' their interest in the property can be sold if payment
1884-.^.
1883- 1.
is not made within ten days of the time fixed.
13,715,400
Deo.
13,442.000
273.400
Pork, lbs

T.THSttNcwO.loans
WrsUTii

l.i.ulilHim
ill.

ll.iriisburK&

3.

$776,359
i2».71S
A. ..2,619,439

$291,831

$1,070,904 $)6n,0G:t
2:h5..'j54
547.502
3,276,S80 1,232,037

l(*3.77i4

773,312

—

1 ,

:

—

Toledo & Indianapolis. An order has been issued from the
United States Circuit Court for the sale of this railroad at Toledo, February 25. This road was begun with the intention of
running it from Toledo to Indianapohs. It was constructed
from Toledo as far as Findlay, and there stopped for lack of
funds to carry on the work. There were $800,000 of bonds
issued as collateral for the indebtedness, with $300,000 of
prior lien bonds for the right of way.

—

Bacon.lbs
Lard, lbs

140,51)4,590
81,029, 2t9

128,326,631

luc 12,237.949

t5,273,i.03

luc. 15,755,680

Brazil coffees showed a further decline earlj- in the week,
but this lid to more activity, not only to the regular rade, but
in speculation, and more steadiness followed. To-day there
was a firmer feeling; fair cargoes Rio still quoted at 9)^c., but
generally held higher; and options advanced 10@;5"point8,
closing with buyers at 7-80c. for Feb., 7'95c. for Mircli, S'lOo.
for April, 8'20e. for May and.8"30c. for June. Mild coffees firm.
Raw sugars were quite active early in the week, on the basis
of .5@5J^c. for fair to good refining, but the close is dull and

M'abash St. Lonls k Pacific Leased Lines. The receivers
Of the Wabash .St. liouis & Pacific liave filed a report covering
and somewhat nominal at 5Jgc.
the period from May 29 to .September 30, inclusive, and giving weak, with refined less active
The new crop Cuba molasses now coming
the result of earnings and operating expenses on the leased for standard "A."
forward has been in demand and closes rather firmer at 20@
lines, as follows
DEFICiT.

Qutncy MiBsimri & P.aclHc
B»Tivnn Knntuul A Enstern
Cairo tuvislon
Ctaamimi!;u Hiivuna

Iowa

I)i V

..*..".'.."..

$i,4it>

2,299
50,3')

.ic

Wcotern.

1

il.306
3.2d5

iBion

$78,010
SUEI'LDS.

Detroit Butler
Eel River
Indiiiunnolls

At St.

iieM

I'«rii

Toledo Ptforia

$21.S50

Louis

76,80u
71.0H8

&Cliicaf;o

A Western

Centrevllle Moravia

&.

Albia

1,7(>1

$172,117

Total B'lrplns
Total deflcll

Excess of surplDB over

— At

78,(jl»

$33,798

deflcil

Indian.apolis, Ind., Jan. 23, 1885, suit

was

filed in the

21c. for 50 degrees test. The speculation in teas has been fairly
active, but prices have not been well supported, and the sales
of btandard .lapans to-day were at 23;^4c. for April and 24,l^c,
for May.

The business on the Metal Exchange has not been important.
To-day pig iron certificates were quiet but rather firmer;
$16}i(g$16^3 bid, $17{(^$17% asked. Tin easier closing steady
at 10-9.5(fOl7i|c. spot, 16-85@16-95c. future?. Tin plate firmer
at $4 3U@$4 52>^; 500 boxes June sold at $4 50.
Copper
quiet but firmer at ll'05@ll"30c.
glected.

Lead

flat

and

spejter ne-.

Kentuckj' tobacco has been dull, and quotations of the
Tobacco Exchange are revised on the basis of the new crop, as
Lugs, o}4@1}4^-i lc*f> '''(SlOJ^c. The business in
domestic seed leaf has tieen only moderate, but we notice a
large movement in Havana, including some low grades.
The sales of domestic are 1,000 cases, as follows: 400 cases,
crop 1883, Pennsylvania. 7}^@16c.; 200 cases, crop 1881,
Pennsylvania, 5@llc. 150 cases, crop 1883, New England,
12®32i^o.; 50 cases, crop 1883, Wisconsin Havana seed,
follows:

;

by the Central Trust Company of New York and
James Cheney against the Wabash St. Louis & Pacific, its private terms, and 20O cases sundries, 5(S28c. also, 2,3QQ
leased lines, bondholders and others, asking for the foreclos- bales Havana, G4c.@$l 08, and 200 bales Sumatra, $1 30@$1 60.
ure of the general mortgage, of which the plaintiffs are the
Naval stores have shown an upward tendency, with some
trustees.
The Indianapolis Journal explains this suit by speculative activity in spirits turpentine, which closes firm at
Btating that after the making of the general mortgage on which 31@ 31 J-^c, with common lo good strained rosins at $1 23@
the suit is brought the Wabasli made its notes in favor of the $1 30. The speculation in crude petroleum certificates has
&(uitable Life Insurance Company of New York, for a large been fairly active, but at drooping values, and the close is at
sum of money, the amount not being stited, and later the 69(g69igC.; refined in bbls. for export quoted 7*oC., and cases
Efjuitable Life began proceedings in tiie United States Circuit 8;':i@10c., and naphtha T'X^T^^c.
Hides and leather have
Court for the Eastern district of Missouri, in which it was slightly declined. Wool, though firm, is comparatively slow
alleged that the road wjts insolvent, and asking for the appoint- of sale.
ment of receivers. In this proceeding the plaintiffs in the suit
Ocean freights, at comparatively low rates, became more
tiled yesterday appeared in a cross-bill setting up their interactive as the prices of wheat and corn declined. Petroleum
ests and til at mortgage on the road's property, and asking the chaiteri have been quite brisk.
Late business includes grain
court to protect their interests.
The jurisdiction of the to Liverpool 4 J^d., to London 43^d. from store, to Antwerp
United States Court being questioned by certain parties claim- 4@4J^d., to Avonmouth 4J^d., and from Baltimore to Cork
Circuit Court

;

ing interest, the plaintiffs decided to

file

the complaint in the
in all the counties

and it is accordingly filed
through which the Wul^ash road passes.
circuit courts,

for orders 43.@ 43. 3d.; aUo petroleum 23. for refined to Antwerp, 23. to Amsterdam, 23. IJ^d. to Liverpool, crude to Dunkirk 2s. 9d., and cases to Barcelona at 18c,

.
.

.

n

THE CHRONICLE.

154

COTTON.

at—

Jfon.

Wed.

Tiies

Fn.

Thurs.

445

189

2, '225

448
130

Indianola, &c.
Orleans...

Molule

4,320

6,263

6,083

3,270

7,079

278

334

224

253

295

982

1,835
1,782

889

1,526

Great

not cleared— for

Other

Coast-

New Orleans

35.432
13,300
3,500
4,700
2,057
20,607
3,000
4,030

Mobile
Charleston

Savannah
Galve-ston
Norfolk

18,770
None.
None.
None.
None.
None.
None.
None.

19,080
None.

Stock.

Total.

wise.

2,932
3,900
3,000
1.800
2,880

78,254
17,200
16,830
9.100
11,404

2G3
None.
None.

20,!»35

1,000
1,000

4,000
5,000

259,423
26,831
23,641
47,048
16,575
15,579
298,313
37,474

40,297

14,800

160,543

724,914

38,915
70.195

8,819
14,171

187,318

873,245
709 188

10,l.'iO

2,600
6,487

5.648

140

742

1,263

794

Brunsw'k, &c.

616

Charleston
Pt. Koyal, &c.

AT—

BiUain. France. Foreign

456

140
143
42

Florida
Eavannali

On Shipboard,
Jan. 30.

28,619
2,925
1,835
6,435

456

1,599
1,541

&

3,890

Galveston

New

We

Tolat.

583

[Vol. XL.

In addition to above exports, our telegrams to-night also give
08 the following amounts of cotton on shipboard, not cleared,
dt the ports named.
add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
Lambert, 89 Broad Street.

Friday, P. M.. January 30, 1885.
The Movement of the Chop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (Jan. .SO), the total receipts have reached 75,293
bales, against 93,911 bales last week, 130,951 bales the previous
week and 133.994 bales three weeks since; making the total
receipts since the 1st of September, 1884, 4,126,993 bales, against
3,981,316 bales for the same period of 1883-84, Bhowing an
iacreaee since September 1, 1884, of 145,676 bales.
Keeeijits

8

.

736

871

1,088

811

130

New York
Other ports
Total 1885.

88,676

Total 1883

18,770

115,417
100.057

TolaU884

24,137
24,019

None.

1

1

2i)3.442

Cotton for future delivery at this market has been variable
and somewhat irregular in prices, with a feverish, unsettled
127
1,070
83
214
296
207
Wilmington
42 tone to the speculation. The buoyant. opening to the dealings
Moreli'd C.,&c
1,15a l,34d 1,323
1,427
2,172
9,571 on Saturday last was followed by a sharp decline after the
1,653
Norfolk
3,124 dynamite outrages in London were reported, it being appre3,124
WefitPolnt,&c
253
5,413
3 4.029
172
96
860
New York
hended that they would have an unfavorable effect in English
153
1,842
323
261
491
163
443
Boston
when, on Monday morning, this was seen to be
1,894 markets; but
1,894
Baltimore
Later in the day,
501
2,241 not the case there was renewed buoyancy.
102
7
Plilladelp'a, &o,
253
1,375
however, prices gave way rapidly, and on Tuesday declined
9.874 1 .iOl 21.627 75.295
Totals tills week' 0.734 13.7S2 12.77
sharply, under the influence of sales to realize profits, proFor comparison, we give the following table showing the week's
moted by weak Manchester advices and the unsettled state of
total receipts, the total since Sept.l, 1884, and the stock to-night,
and the same items for the corresponding periods of last year. foreign exchanges. Part of this decline was recovered Wednes 1884-85.
JteceipU to

January 30
Galveston ...
Ind*uola,&e

This
Week.

1883-84.

Since Sep.
1, 18S4.

420,547
9,703

3,800

130

This
Week.

Since Svp.
1, 1833.

12,408

512.465
8.074
1,289,167
220,334
30,243
590,784
7,214
367,549
12,443
83,539
10,394
501,450
173,901
71,776
103,990
9,616
10,849

43

Hew Orleans.

28,619 1,280,718 42,017
2,925 205.776
6,401
Florida
61,985
1,833
1,275
Savannah
6.455
653,072 10,556
200
456
Br'sw'k,&c
9,383
Charleston
5,648 465,099
6,978
140
318
Pt.Koyal,&c
5,168
Wilmington..
1,070
90,033
1,281
42
M'headC&c
9,313
68
Norfolk
490,643 14,784
9,571
W.roint,&c.
3,124 260,037
4,410
New York... 5,413
41,148
3,143
Boston
1,812
67,517
6,259
Baltimore
1,891
21,553
801
FhUadel'a,&o
2,211
30,187
1,168

MoUUe

. .

.

.

which on Tuesday no explanation was offered. Yesterday
Liverpool accounts were better, and prices with us made an

1884.

1885.

27.979
75
335,677
41,031

72,991

393 457
40.378
2.200
61,073

9

56,148
40,291
28
5,943

01,463

36,514

42,774

63
3,375

316
302,343'

6,310
18,057
11,7J6

75,295 4,126,992 U2,110'3,931.316

Total

day, especially for the later months, the exceptional decline in

Sloek.

331.618
7,300
21,157
9,209

835 457 1,030.563

Galvest'n.&c,

New

Orleans
Mobile

Savannah
Oliarl'st'n,

&c

Wllm'gt'n,&c
Norfolk, &c..
All others
Tot. this w'k.

1884.

1885.

4,020
28,619
2,923
6,455
5,788
1,112
12,695
13,681
75,295

1832

1333.

12,451
42,017
6,401

10,550
7,296
1,349
19,194
12.840
112,110

1831.

11,424
25,099
4,972
10,562
8,43S
3,578
17,594
13,392

22,34
63,650
12,033
19,021
14,537
3,255
21,631
13,80,9

171,318

95,057

7,522

50,2 to

42593

9,722
17,812
12,550
2,399
13,270
14,576

8,835
15,574
7,099
1,622
12,039
17,079

147,123

112,363

Since Sept. 1. 4126.992 3981.316 4319,947 3787,533 4116.514 3863,601
Galveston incluil»'.s Indianola; Charleston iuoUulos Port Ro.yal, &c
Wilmingtouincludea Morchead City, &o.; Norfolk includes West Point,&c.
;

The exports for the week ending this evening reach a total
of 91,305 bales, of which 60,930 were to Great Britain, 13,397
to France and 16,978 to the rest of the Continent, while the
stocks as made up this evening are now 885,457 bales. Below
ere the exports for the week and since September 1, 1884.
We^k Ending^Jaii.
Exported to—

Exports

Oreat

from—

Conti.

I

SriVn.'^"'^" nent.
QolTeston

New

7,774

Orleans.

Mobile

From

30.

18303 14,171

Sat.

Sept.

1,

I8S4, to Jan.. 30, 188«,

I

103|6
109,6
lO'a
ll'is
113,8

.

Britain.

nent.

Total.

^40,397
7,470
478,231 219,011
21,721

53,002
239,303

700

300,959
936,550
22,431

164,639
139,687
47,759
263,738
230,301

11,699

188,7851

im

129,906

Wed
Ordin'y.«!b 9
StriotOrd.. 91,8
Good Ord.. 10 "4
Btr. G'd Ord lOOs

Low Midd'g 10i5i6
Str.L'wMidill>8
Middling. ..jllH
Good Mid. .1117,
Str. G'd Mid lli>8
Midd'g Fair:12
112%

Fair

12.210|

59,999
297,803
883.291
77.258
131,566
43.321

6,724

Charleston*..

too'

70O

Wllmtngton..
Norfolkt

New York
Boston
Baltimore

—

I

6,9!»4'

2,044

1,776'
.

.

Phlladelp'a,&o'

Total

I

2,880

7150

Z,380'

60,930

13,39

16,978

9,573
1,789

6,875
27,641

99,239

8,050

89,705

91,303'l ,724,403 297,505

Total 1883-84 127.668 13.3571 23.601' 164,529
• Includes exports from Port Koyal, Ho.
+ Includesexports from West Point, 4c,"

1

Sat.

25,670
103,346
32,277|
3,ei6J

TEXAS.
IHon Tuea

I

97,8

I

lOM

10%

j
'

Xh.

81616
939
103,6
109,6

'

Sat.

Mon

89i6
914

8%

Tiies W^ed

lOhe 1018

g?l«
914
101,6

llQilifl \.0\

MtddUng

Th.

Frt

im

UH

^Ib.

Wed

9I4
9>4
9Si«
93l9
9% 91116 911 16 9%
IOI2
lOlu
107,8
107,8
10'ii6 1078
lO'g
10l3i8
llie
113,6 U3i6 111«
1138
116,8
115i9 1138
III2
ll'is
ll'lS
11% 1111,6 IIII18 11%
1178
111316
llisie 11^8
I2I4
123
123,9 I2I4
'J«
1278 II213
1213,9 1278

1015,6 lO's
Ills
lUlf
113,9
117,6 1138
11% 119,6
12
111516
12% 129,6

Good Ordinary
Strict Good Ordinary

PrI.

9^4
9Si8
2'^«
9=8
911,6 9»8
107,6
107,6 101«
1013,6 lO's
1013ie
lli>,6 1118
lllfl
115,6 1138
115,8
117,6 Ilia
Il"l6
1159
111118 ll»8
lllSie
1113l6 11'8
123,6
123,9 12H
1213,6 la'g
1213l8

10lf,(

8%

Tb.

Frl.

8%

96l8
1016

96,8
lOie

10%

IQilt

914
10113
llO'iia

SALES.

The total sales and future deliveries each day during the
week are indicated in the following statement. For the convenience of the reader we also add a column which shows at a
glance how the market closed on same days.
8ALK3 OF SPOT AND TRANarT.

294'

7i!,903

8,130
8,S60

Wed

Th. PrI,

STAINED.

291,85'2

6,143

5,7841

im

.

.

863,123

22,239

6,143

!

MARKET AND

ConU-

Week.

....

9 '4
93,6
fl'Me 9»B
10^16
10>a
10i»i»i
lO'a
113,8
1138
116ie
imi ll'ie
1111,9 11»8
111319
1214
123,6
1278
121Sifl

9

97,6
IOI4

Florida.

Bavaimah

i

93,6
9»8
9%
10S,„ 107,6
10l>8
109,8 10i3,6
Btr. G'd Ord
LowMild'K
1015l« lO'a
11>8
Btr.L'w Mid
ll'lN 115,6
11>4
Middlin".
113l6 11^16
1138
Mid 1138
Good
11%
Str. G'd Mid I19i8 IlISs
l'»18 111316
Fair 1110,6 12
Midd'g
12l6,e 123,,
1121316
Fair
129|fl 12%
129,

9%

Exported toOreat

64,112'

NEW ORLEANS.
mon Tuesj

Sat.

I

SiSie'

Low Middling

Ihtal

7,774

27,139;

—

UPLANDS.
nion Tuesl

Jan. 24 to
Jan. 30.

Good Ord..

1830.

20,580

—

—

Ordin'y^I)
StnetOrd..

In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
neceiptsai—

irregular advance, but with less activity in the dealings. Today there was some depression, under freer receipts at the
ports and the belief that, with the return of better weather and
improved roads, a more favorable comparison with last year
may be anticipated. The close, as compared with last Friday,
is slightly irregular, without important variation, except a
decline in the distant months. Cotton on the spot has continued very dull. There was a nominal decline of l-16c. on Tuesday, which wa.s recovered on Wednesday. To-day quotations
were reduced l-16c., middling uplands closing at li 3-16c.
The total sales for forward delivery for the week are 589,500
bales.
For immediate delivery the total sales foot up this week
983 bales, including 55 for export, 937 for consumption,
in transit. Of the above,
bales
for speculation and
were to arrive. The following are the official quotations for
each day of the past week."

SPOT MARKET
CIX)8ED.

Ex-

1

Con-

\

Specr Tran-

port, .sump ul'Vn

Bat.. Quiet at I16 adv.

....'

181

Mon

....j

134
187

sit.

Dull at I18 adv ..
I16 dec.
Wed. Dull at he adv ..
Thurs Dull ....
Frl. . Dull at i]8deo...
.

Tues. Quiet at

....
....'

55

....
'.'.'.'.

71

....|

123
229

55

O27I

FDTURKS.
Deliv-

Total.

Sales.

181 120,200
134 140,500
187 102.900
71 77,'.i00
180 62,500
229 66,200

eries.

400
700
1,600
2,'200

1.000
2,100

797,4372^ 813,341

551.041 3,19.286 "645,167

^5.491

Total.

....

2,

deliveries given above are aotually
previous to tliat on whiott tUey are reported.

The daily

982 569,500 8,600
the day

delivnred

:

Januabt

;il,

THE

1885.1

Fijtcriis are shown Inr the (ollowtliu Htuteinent will be found the
daily nmrlit't. tiio priitw of snleH for oach inontii eacii day, and
the cIosiriK bids. In addition to tlie daily and total galea.

Tbb Rales aio Priobb of

In

inK comprelieimive table.

.

o

;

(JIIRONK LE

165

Tbk VniBLB BxnfTvr of Cottoh to-night, a» nuule up bjr oabto
in tut followH.
The Ckmtmental tooks. aa welt aa
those for Oreiit nritain and the afloat, are this week'M retuma,
and conaequently all the European fignree are brought down
Hut to make the totals the oomplete
to Thursday evening.
flgurea for to-night (Jan. 30), wo add the item of exports from
the United Stute<>, iiiuludmg in it the exports of Friday only.

and telegraph,

1884.

1883.

1882.

823,000
11,000

708,000
61,000

851.000
73,200

032,000
38,000

864,000
7,000
44,900
53,000

e5tf,'ioo

920,200
3,600
40,«00

670,000
2.300
41,600
17,800

188!N.

Htonk at Uvon>ool
atook at London

bales,

Total (ireat Ilritoln Rtook
Stock at IluiiiburK

.

SUx^lc at llrenicn

3.700
67,300
53,000

hOO

600

18.000
1,500

at Marscillea
at Barcelona
at Qenoa
at Trieste

1,100
210,000
4,000
41,000
4.000
7,000

8,800
161,000
6,000
62,000
11,000
7,000

177,000
3,M0O
45,000
8.200
0,200

1.100
134,000
2,420
3»,300
2,700
4.380

Total Continental stocks.

372,800

365,100

303,'^00

214,916

1.230,800 1,224,100 1,233,000
Total European stocks
aO.OOO
101,000
160,000
India cotton alloat for Europe.
Amer'n cott'n alloat for Kur'pe ,5fi'.J,000 572,000 63'J,0O0

014,916
193,000
173,000
48,000
1,123,143
354,363
17,000

Block
Stock
Stuck
Stock
Stock
Stock
Stock
Stock

at AiiisK^rdaia
at Uottijrdam
at Aiitweiii

Havre

at

EKypt,Hrazil,Ac.,atlt for K'r'pe

Stock in United States ports ..
Stock In U. 8. Interior towns..
United Stat«s exports to-day..

816

GOO

fiO.OOO
58,000
885,157 1.0«0,563
271,147
0.000
34,000

66,000
917,630
3ie,2L>4

20(l,.591

12.500

1

3,058,848 3,381.410 3,237,424 3, 125,422
Total visible supply
Of the above, the totals of American und other descriptions are as follows*

—

American
Ltvenund stock...

hales

Continental 8to<rk8

American

Europe...

afloat for

United Htates stock
United States Interior stocks..
United States exports to-day.
Total American

599.000
562.000
278,000
274,000
552.000
572.000
885,457 1.0(0,563
266.591
271,447
19.000
31,000

595,000
201,000
532,000
917,630
310,294
12,500

452,000
139.000
473,000
1, 123,143
354,363
17.000

.2,596,048 2,778,010 2,574,124 2,558,506

£atl Indian, liraml,

<fe.-

224,000
41,000
98,800
39,000
60,000

Oontlncutal stocks
tndla afloat for JJurope
GKypt, Brazil, die, afloat..
Total East India, Ike...
Total American

.

236,000
61,000.
87,400
161,000
58,000

256,000
78,200
102,800
100.000
66,000

1«0,000
38,000
105,918
195,000
48,000

462.800

Uverpool stock
London stock

603.400

663,000

566.916

.2,596,048 2,778,010 2,574,424 2,558,506

3,038,849 3,381,410 3,237,421 3,125,422
Total visible supply
6°8(1,
6d.
S'Sigd.
SHiedPrIceMid. Upl., IJverpool....
The imports into Continental ports tins week have been
99,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 323,563 bales as compared with the same date of
1884, a decrease of 178,576 bales as compared with the corresponding date of 1883 and a decrease of 66,574 bales aa
compared with 1882.

ty

At the Interior Towns

the

movement—that

is

the receipts

week and since Sept. 1, the shipments for the week, and
the stocks to-niglit, and tlie same items for the corresponding
for the

period of 1883-84—18 set out in detail in the following statement.

^

^^^^SfflilWiKif
=Ss!; ?:
p:

B

S

er
PT.

•

•

•

OJ
*» ti OD (0 »-• oc to
ii' *^ C. Ci

tci-*

M W MW
«-•

»-*

QDOSODCir-

ww
-

oi
CO t3

I-*

wo

if^'to
CJi

>**

CO

»-«

Qrwo3c:OJMC>;tocoo»

^ CO O
tooD'-acj'UCoo

OM O
a C M CC GD o

to

tC'

rf».

rf^

.- to O' o: <1

rf^

cocc

rfk CXi

>;->

M
COM
W -1 CC M 00 -q O
JT)

w ^1 to CO M
M O' ^1 CD ^

"ts'lc

-to

CO

-J?

1*»

)^

The following exchanges have been made during the week
20 pd. to exch. 100 April for Jiie«<
•30 pd. to exch. .^00 May for A' k
•07 pd. to exch. 100 Feb. for Mar.
•35 pd. to exch. 'iOo Feb. for June
06 pd. to exch. 100 Feb. for Mar.

11 pd.toexch. 10i:0Mur.

for June.
pd. to exch. 500 Feb. for Mar.
:ul. to exob. .=i00 May for June.
'<
I. to exch. 200 .Mar.
for
-IL
i'j" lau. for Feb. oven.
•117

10

,

.i"

i

oo'o'EcI). e. n. 30" for rejtular,

»- r- to

cc 01 1£)

U C M *10 1^ CO a en
I-'

o

CO
coi^iO'Oiccc;'-.!^

*. M ct3 **2P p.? ?* 7'^^f^ i^ r'PF*
o'^ too ® co"^ CO w — a* bo'w'l!' coio c CICOiJf — 1*^ — Cfc^^^CODOi*t^-<*•xo•'lM
>-'»*'IOOWtM05Olf»r-;;«!XW^IX-4CDX

^o

» ^ 10

M :c to to to

ccio r: >—

Its-

c wot I— w OS bi w ro CO -J w OS CO CO » *.

cs**ij^cotocotoo»

OD CO Ci-*

i^r*

KCOi:0'-'>-utC}ico-icoc;tco*>iO'.tf^tja^Oi^

wo

ll'ljc.

•23 pd. to etch. 100 .Mar. for May.
05 pd. to exch. 000 Feb. for Mar.

^^^

cdIh OS

o'ti3Cpp''^*^as:''c;totooD^i--toMroiT;oi

F--

toyi vJ*-cc

c;»

•

^23
AOiOlCOClO'lC toC9i»^c>io^^^i^to>

:

QT

J

toco

ca to

;

t<.

O ^ ro^
ai»»-^cc;<ooc:xcoco> ccccooxo^to
CD CD

l2|

* Includes sales In Septemlier, 1884, foi- September, 158,2uo Ueptember October, lor Oetolier, 421,800; Septemlier-Noveinbor, for November,
8 82,20
Septtiubtr-Deceiiiber, for December. 907,800.
We liave Inoliiiled In tbe above table, and gball conilaae each
wees to kI ve, the average prii-e of futures each day for each month. It
win lie found under eaoii daj' oUowlng the abbreviation "Aver." The
averajtc for each mi>uth for iie week Is also ulven at bottom of table.
Tiausloruble Orders- Saturday, ll*25c.; Jlondav, Xl'SOc; Tuesday,
H-.!,'H.; Wednesday, 1120c.; Tbursdaj-, U-3uo.; Friday, ll-:iOo.
Short Notices for February -Wednesday, ll-21c.; Friday, I1-17®

u^

Wr-^^V^Ih^OD
Cn 00 O CO
K M u« .^

CJ^

*.

^-

•--

^co*^<j*»

W^^l K)^ p p

iViOlF>>CC^-fc0C03G0ytO'l-'O--C0Q0l-'t0QD

^ X w ai
«o
o

p

i-'ioa.

CO^l -q -.4^^ (C
WOStiGCH**..OoVoC;> —
c-'

•- <c #^
u< 00 CO

M

-i3s-ji^(xcsosi*^0»-wcoo;t--J-^-Ni©<i

«-t3

CD QO :^
h-

<5

X o Oi -1 O I- to

cji <J':^>

*4 Oi CO CJl

b b CO H- c> bobna coto tn i^ c CD
ircoo<oococooowt>o«vC'ic;rfi^Crocto^
*-*

as
to

c;<

c:

ooor;

TD

osmto^ajixt-if-woyyiOOi^aDQD'ito

if

to

03^*».C)>tOM

_J-

cotoccboo
»i;

c. oi

X :s

'-O

osoo -- OS 2j H« coco <io

it^

— wy

to -1

N*

y^p

"UbboVViT/joo

*•

to

to'^o>(^''i)t^co-f-toto!
C5

Cicoit^coonotco'--]J

'5co>f*-0--^0i*" QOwcacctouQDc:

The above totals show that the old interior stocks have
decreased during the week 16,695 bales, and are to-night 4,856
bales less than at the same period last year. The receipts at

a

.
.

THE CHRONICLK

166

less than the same
the receipts at all the
towns are 58,387 bales less than for the same time in 1883-84.

the same towns have beon 5,384 bales

week

last year,

and since S3otember

1

formed on two days in

CLOSISQ QUOTATIONS FOB MIDDLISO COTTON

Galveston

. .

New Orleans.
Mobile
Savannali
Charleston

Mon.

Satur.

.

.

Wiliningtou..

io'ss

io4

lOia
lohi

105g
10''8

Norfolk

10^

Boston

Ills

ID'S
1\H:

..

lO-'g

11%

Pliiladeli^liia.

11>4

Baltimore.

11138

10%

Louis

Cincinnati

...

touldVlUe

lOifl

109i„

iota's
lOi'ii

IOT9
II14

im

lO's
11>4

11%

11%

109,8
lOSiita's
lOi'ie
lO'a

11%

III4

11%
11%
10%
10%
10%

1138
1138
1138
1138
lOSsai'ie 107i„®l4 10'iB®l9 107,nSl2
1013
10%
1019
10%
lOTia
107 18
107,8
10%
105;
lOOg
10=8
1058
IOI9
1058
lOij
101a

lOh

Augusta
St.

lOiflSSs
lOiiig

lOiSa

FH.
lOUie

12i'"
109 ..8

lOia
109 1„

lOisSSs

lll9)(!

lOhe

lOia
109,6

10%

io4

.

.

Ill",

10=8
10=8

109 16
lOKie
105i6

ON-

Thurs.

Wednes.

Tues.

109i6
1038

1058

Receipts from the Plantations. —The following table
prepared for the purpose of indicating the actual movement each

Receipts at the outports are some-

plantations.

times misleading, as they are made up more largely one year
than another at the expenae of the interior stocks. We reach,
therefore, a safer conclusion through a comparative statement
like the following. In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts
or Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
RECEIPTS FROM PLANTATIONS.
Week

Receipts ai the Ports. \SVkat Interior Towns. Rec'pts from PlanVns.
•82-'63. '8S.'81. '84-'85. 'SS-'SS

'83-'84. '84-'85. '82-'83. '83-'84. '84-'85.
,

|

1

|

\

Not. 14
" 81
" 28

259.15) 242,078 269,114 241.123 343.939 193.970 391,537 372,758 293,088
'242,109 232,510|258,774 259.175'3d«,743 226.639 257.221 233.839 239.343
'255.097 222,185'284,693'275,700'371,5'i4 2U7,IS3'271,022'237,001 323,386

Deo.

1247,017 285,484 27e.30)S291,376'3S0,477 316,019;282,693'377,397 825,188
262,015 28I.163|2'59,457|290.538 410,240 335,451 270,107 804,933 308.889
253,170 247,733'258,340 33a,993'423,577 383,866|.i95,fl35 281,06l|288,755

S

"

12....

*'

19....

"

88...,

Jan.

2...

"

0...

'•

18..

"

83...

80

251,923
224.997
175,333
150,300
138,400

201,636'207,8J3 37B,855'432,310 363,520 294,785 200,419207,547
140,812]l54,075'3«.647'407,974 349,48S'228.7S9 126,278 110,043
90,245 133,994 380,218|.S8!),R9S 320,785'l71,083| '^3,189 105,291
'

110,487 130,951]30?.987|S«),715 801,8:9jl38,109] 81,284 115,023
104 533 93,911 350,749 330.900'298,0S0 119,182^ 74,718^ 87,133
1171.316 113.110 75,295 317.533 299.754280,873 188,090' 80,984' 53,087

The above statement shows — 1. That the total receipts from
the plantations since September 1, 1834, were 4.390,649 bales;
in 1883-84 were 4,231,914 bales; in 1833-83 were 4,650,985 bales.
3.
That, although the receipts at the outports the past week
were 73,395 bales, the actual movemsnt from plantations was
53,037 bales, the balance being taken from the stocks at
the inte'rior towns. Last year the receipts from the plantations
for the same week were 89,934 bales and for 1833 they were

—

168,090 bales.

Amount of Cotton in Sight Jan. 30.—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.
1S84-8J.

1

1883-84.

1882-S3.

1831-32.
1

Receipts at the ports tj Jan. 30 4,125,992 3,981,316 4,319,947 3,737,533
Interior stock.s on Jan. 30 in
excess ol ScptembLr 1
263,6i7 250,598 331,038 314,594
Tot. receipt i from planta'tus 4,'ino 049 4,231.914 4,B50,985 4.132,132
3.'5 3, 04 8
382.41.5
-Ket ov» rlanil to Jauuir.v 1
413,082 3i3.ol0
SoutUem consumpfu to Jan. 1 11j,OjO 123,000 130,000 100,030

Total in

siglit

January 30... l,8G3,t97 4,73 7,329 5,194,007 4,555,612

Sfortliem spinners" takings to

889,880

OT.^i

731 1,03.1,631 1,162.879

B

will be seen by the above that the Increase In amount in sight
to-night, as coaiparert with last year, is 126.;!e3 bale.«, the decrease
from 1882-3 J is 330,370 bales, and tlia increase over 1831-S2 is 338,053
bales.

inch.
Little Rock,

—

Arkansas. Telegram not received.
Helena, Arkansas. It has rained on two days, two days
have been clear, and the remainder of the week has been
cloudy. The rainfall reached fifteen hundredths of an inch.
The river is seven feet below high- water mark; no damage in
Average thermometer 36, highest 56, lowest 17,
this ssction.
Memphis, Tennessee. We have had rain on two days of
the week, and it is now threatening rain. The rainfall reaohed
The therm^eter has
sixty-nine hundredths of an inch.
averaged 36, ranging from 11 to 51 'o.
Nashville, Tennessee. It has rained heavily on one day
and lightly on three days of the week, the rainfall reaching
one inch and fifty-seven hundredths. The thermometer has
ranged from 23 to 49, averaging 31.
Mobile, Alabama. It has rained severely on one day. and
has been showery on three days of the week, the rainfall
reaching four inches and ninety-one hundredths. Average
thermouister 47, highest 63, lowest 31.
Montgomery, Alabama.— ^<i have had heavy rain on five
days of the week, the rainfall reaching six icches and twenty
hundredths. There have been killing frosts on two days. The
thermometer has averaged 44, the highest being 63 and the

—

—

—

lowest

31.

Selma, Alabama.^'lt has rained on three days and the
The rainfall
remainder of the week has been pleasant.
reached two inches and seventy hundredths. The thermometer has averaged 41, ranging from 30 to 54.
Auburn, Alabama. Telegram not received,
Madison, Florida. It has rained on four days of the
week, the rainfall reaching four inches and ninety hundredths. Average thermometer 51, highest 73 and lowest 34.
Maaon, Qeorgia. It has rained on three days, and the remainder of the week has been pleasant. The thermometer
has averaged 37, the highest being 60 and the lowest 29.
C dumb us, Qeorgia. We have had severe rain on two days
of the week, the rainfall reaching four inches and forty-three
hundredths. The thermometer has averaged 40, ranging

—
—

—

—

from

30 to 49.

Savannah, Qeorgia. — We liave had rain on five days and
the remainder of the week has been cloudy. Thg rainfall
reached two inches and fifty-six hundredths. Tne thermometer has ranged from 33 to 70, averaging 51.
Augusta, Georgia. We had heavy gene-al rain on three

—

days during the early part of the week, bat the latter portion
The rainfall reached three
has been clear and pleasant.
Average thermometer 40,
inches and seven hundredths.
highest 58, lowest 25.

—

Atlanta, Georgia. Telegram not received.
Charleston, South Carolina. It has rained on four days of
the week, the rainfall reaching two inches and sixty-one hundredths. The thermometer has averaged 50, ranging from 32

—

to 64.

Stateburg, South Carolina.

—It

has rained on three days

of the week, and is sleeting and freezing this morning. The
remainder of the week has been pleasant, clear and cold.
The rainfall reached two inches and fifty-four hundredths.

Average thermometer, 40'3, highest 52 and lowest 3o.
Wilson, North Carolina. We have had rain on four days
f/f the we^k, the rainfall reaching two inches and forty-four
hundredths. The thermometer has averaged 39, the highest
being 53 and the lowest 23.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
January 39, 1885, and January 31, 1885,

—

Jan. 29, '85 Jan. 31, '81.

Weather Reports by Telegraph. —There

has been an
improvement in the weather conditions in the Southwest
during the week, but in the Eastern, Gulf and Atlantic States
the rainfall has been heavy, retarding to some extent the

marketing of

tlie

crop.

—

ffalvemton, Texas. It has rained on two days of the week,
the rainfall reaching fifty-four hundredths of an inch. The
thermometer has ranged from 38 to 67, averaging 51,
Last week it rained on four days, the rainfall reaching two
inches and eighiy-tvvo hundredths. Ice formed on two days.
Average thermomiter 38, highest 50, lowest 23,
Indtanola, Texas. We have had rain on one day of the
week, the rainfall reaching fifty-eight hundredths of an inch.
Average thermometer 46, highest 06, lowest 34,
had rain on four days last week, and the rainfall reached
two inches and thirty-five hundredths. Ice formed on two
days. The thermometer ranged from 31 to 47, and averaged 36
Palestine, Texas. It has rained on one day of the week,
he ruin fall reaching fifty-seven hundredths of an incli. Ice

—

We

—

reached

hundredths of an inch. Weather was very cold, ice
The thermometer averaged 28, and
forming every day.
ranged from 11 to 39.
New Orleans, Louisiana.— U ha? rained on two days of
the week, the rainfall reaching two inches and fifty-four
hundredths. The thermometer has averaged 53.
Shreveport, Louisiana.— ^e have had generally clear
weather during the week. The rainfall reached forty-eight
hundredths of an inch. The thermometer has averaged 41,
ranging from 38 to 62.
Vicksburg, llississippl.-T^elegrann not received.
Columbus, Mississippi.— It his rained on three days of the
week, the rainfall reaching seventy-nine hundredths of an

—

is

week from the

The thermometer has

sixty-five

Quotations for Middling Cotton at Other Markets.—

Jan. 30.

this vicinity.

43, the highest being 63 and the lowest 26,
It r'ained on two days last week, and the rainfall

averaged

In the table balow we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week.
Week ending

[Vol. XL.

Haw Orleans
Uemphis
Hashville
8 ireveport
Viokftbure

Below high-water mark
Above low-water mark.
Above low-water mark.
Above low-water mark.
Above low-water mark.

Feet.
1

30
25
25
42

Inth.

Feel.

9

5
19

5

20
14
32

2
2

Inch.

2

4
1

2

Orleans reported below high-water mark of 1871 until
when the zero of gauge was changed to highwater mark of April 15 and 16, 1874, which is 6-lOths of a foot
above 1871. or 16 feet above low-water mark at that point.
We have
India Cotton Movement from all Ports.
re-arranged our India service so as to make our reports more

New

Sept. 9, 1874,

—

We

had found
and at the same time more accurate.
impossible to keep out of our figures, as cabled to us for the
ports other than Bombay, cargoes which proved only to be
The plan now
sliipmen'is from one India port to another.
followed relieves us from the danger of tliis inaccuracy and
firsC give the Bombay statement
keeps the totals correct.
for the week and year, bringing the figures down to Jan. 29.
detailed
it

We

.

e

.

January M,

aoHBAT BBoaim akd mtrumim fob foub tbab*.
Jt6MM«.
Shipme nit nnei Jan. 1
tkii tt—kTMs
OonUar*al
ereal Oonti-.,_,
Total.

ntnl.

issiii

ll.0O():tlt.00OlM>.000

11.000
53,000
39,000

1882

l«i,(ioo!2J,(H)i|:M.O0OI

8J.000

1SS5

2.00t)'

mi'

7.(1011

">'<"

37,000
72,000
67.000
57 .000

48,00t 27,000
12S.000 3H.000
106.000 39.000
139.000 4100O

Britain

4.000 B.OOO
ICOMt 23,000

Brit'n.l ntnt.

Wttk.

fan. 1

65.000
19J too
les.coo
IRH.OOO

According to the foroRoing, Bombay appears to show a
decrease compared with last year in the week's receipts of
9,000 bale.f, and a decrease in shipments of 17,000 bales, and
the shipmonts since January 1 slic -v a decrease of 77,000 bilos.
The movement at Calcutta Madras and other India ports for
the last reported week and since the Ist of January, for two
"Other ports" cover Ceylon,
years, has been as follows.
Tuticorin, Kurrachee and Coconada.
SMpmtnttfiir
Ortat

Oontinent.

Britain,

IV>(aJ.

Oontititni.

Sritain.

1.

TottU.

2.700
6,100

6,800
15.000

300
ZOO

300
200

1,610
2,400

2,4 JO

l.OCO

1,000

800

4,500
2,500

4.500
2,500

4,000
7,100

12,900
19,900

700
100

2,000
(i.OOO

Madras—
1885
1884
All others—
1885
1884

Ba<i(iino, &c.—The demand has beenqnite fair
a Ijobbing way for bagging, and considerkble stock is being
There is little inciuiry for large
taken for consumption.
parcels, buyers preferring to come into market only as their
wants require. Prices are steady and sellers are quoting 8^0.

JiTE Butts,

in

for 1'^ lb., 0>ic. for l)i lb., 10c, for 2 lb. and 10?;^c. for standard grades, with sales of a few hundred rolls within the range.
Butts are in better request, and there have been sales of 4,M0
bales, mostly paj)er grades, at V%%\}ic., and these figures
Only a light call is reported for bagging qualiwill still buy.
ties, with a few sales making at 2}^i<S2\ic., as to size of order.

CoMPAR.\.TivE

1.700

8.500
15,900

900

l.GOO

3,300
7,000

7.M)

lOO

14.600
20,S0O

1,700

90J

The above totals for the week show that the movement from
the ports other tlian Bombay is 3,100 bales less than same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1885, and for the corresponding
periods of the two previous years, are as follows:
E.XPORT8 TO EUROPE

FROM ALL

ThU

from—

week.

Bombay

is

not accurate,

weeks in different years do not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named. The movement since
September 1, 1884, and in previous years, has teen as follows:
as the

Jan.

last

TkU

4S.OO0

Jan.

125.000
20,S00

n.auo

50.000
8,S0J

lOfi.OOO

145,800

23.000
7,100

62,600

SO.lOOl

1883

1881

1882.

315,44'.

1880.

1879.

4 29.777

343,S12| 326,656
930,584
October., 1,090,385 1,016.092
ovemb'r 1,122,164 l,030.380i 1,091,697
Deoemb'r 1,101,21111,059,653 1,112,536

SepfmbTj

1.

1881.

455,178
963,313

333,613
833,192
912.272
956,464

653,19-.

974,013 1.006,501
996,807 1,020,802

Sinee

Keek.

53.^00

138 300

Jan.

Tear Beginning September

'

Totalyeai i 662,205,3,179,937 3,514,17313,253,322 3,154,093 3,120,871
Pero'tago of tot. port
58-3^
53-80
63 91
62 39
7175
receipts Dec. 31..

1883.

week.

1.

XontMy
Reeeiptt.

I

Sinee

10,000

Total

This

ThU

Since

G.OOO
4,000

All other ports.

INDIA.

1881.

1885.

Shipmenlt
Europe

to all

1.

1.

32300

statement affords a very interesting comparison of

movement for the three years at all India ports,
Alexandria Receipts and Shipments.—Through arrange,
ments we have made with Messrs. Da vies, Benachi & Co. of

This Statement shows that up to Dso. 31 the receipts at the
ports this year were 183,388 bales more than in 1883 and
147,733 bales more than at the same time in 1883. By adding
to the above totals to December 31 the daily receipts since
that time, wo shall be able to reach an exact comparison o(
the moveB»ent for the different years:

total

,

Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of tlie previous two years.
Alexandria, Baypt,

January

60,000

60,000
2,367,000

13."),000

2,758.000

TMi Since
Keek. Sept. 1.1
Exports (bales)XoLaverpooi..
To Continent

1881-33

1883-31.

1884-S5.

28.

Beoelpts loantars*)—
Tbis week
Slnoe Sept. 1

l,94tf,000

Thie
Sinee
Keek. Sept. 1.

This
Since
week.lSept. 1

11,000 229.000;
5.000 gu.ooo
16,<j00 325,000!

Total Earope.

5.000 173,000 11.000 167.000

U,000;255.000 17,0001219.000

*A oaatar is 98 Iba.
This statement shows that tlie receipts for the week ending Jan. 28 were 135,090 cantars and the shipments to all
Europe 16,000 bales.
Manchester Market. Our report received from Manchester
to-night states that the market is flit. We give the prices for
to-day below, and leave previous weeks' price for comparison.

—

1883-31.

1881-85.
Oott'n

32< Oop.

8>t ibt.
Shirtinge.

TKitt.

Mid.
Uplls

32> Oop.
iKiti.

an

1831-85.

Tot.Do.31
Jau. 1
'•

"
"
"
"
"
"
"

2....

8....

4..
5..
6..

7..

8

.

9..

" 10..
"
"
"
"

11..
12..

13..
14..

" 15....
" 16....
" 17....
" 18....
" 19....

" 20....
" 21....

"22....
" 23....

" 21...
" 25....
" 26....

Ootfn
Mid.
Upld$

lit.

Shirtings.

" 27....

" 28..„.
" 29....

Not28

Dec

Port Receipts and Daily Crop Movement.

aU—

1885
1884

he

li><
'illi'iM on
th» iiHi' (if tfir ('otloij l-.\' li.iiu'''.
th« sLx
Hours alMjvc (In! Kxili.iii;<i' ,iri! iiou ullirivl |.ir roiil. Facili|)remii<eH, including dingraina with
ties for examining the
rates of rent, will bo shown at the Su|H)rint«ndent°<i office to
any rcspectalilu party desiring ofllcoH, and the exeoutlre committee will receive nil applications, which aro to be made In
writing untd Saturday, Fob. 7, at noon.

— A comparison of the port movement by weeks

Calcutta—
1885
1881

Total

BhipmeHt$ $inet January

Iha vtek.

Tsr
I

SMpmeHf
Te<cr

I

TmrnrnrnTnTTTX"

188").)

d.
^'ig'*

d.

5 39i6»
12 8i3 «
19 8^ « 9

26

8% »

d
9
9
7
7

9

iii»» 91,

Jan.

|<i.

g"* 5
9i8 5
9^6 5

9
16
23

d

»7
»7
»7

21s

«7
97

7'a»7
7>ii»7

d.

d.

513ip S^s
513i8 858

5 '8

7»«»7
7»2»7
30 8»i938i6ia|57 •710««> 6

«

91s
9ie

80i«a 9

838
8=8
6
6
S'h
8>i
8°8
51?i8 His

5>

,1.

9

a

»
9
«
9
9

8;^8

8 'a

9

87,8* 9

d.

7
7
8

a
lis

8.

®7

m

817

97 2H

519*6
5>satf

im

n>s

7 »7 1
7 «7 1
5 10 «7 2i8
5 10 97 2>t\
i 5i9»7ll

a.

"30....

6
5-8

b\
fti:'i8

513,8
516,8

5'8
515,6

European SappLY and Consumption.— By cable we have
to-day received the substance of Mr. Ellison's annual

January cotton review, and

it

will be

found in our

first

of

editorial

columns.
it is

Cotton Exchange.— With regard to the new
announced that the first story is intended for

corporations requ'ring large offices. Several applicatons liave
been received, and the Excliange is in treaty for leasing the
rooms. The second story will be entirely appropriate! for

1832-33.

1881-32.

1880-81.

1379-80.

3,062,206 3,479,937 3,511,473 3, 253,622 3,154,099 3,120,871
19.932
49,36ti
20,294
8.
15,776
10,259
23,330
8.
19.022
18,203
35,48?
30,208
21,3 2123,424
18,88"
21,05(3
30,790
23,20t
19,97
17,926
11,306
29,131
8.
8.
23,40 J
13,397
25,866
11,190
23,548
21,98.-/
16,773
8.
37.231
34,713
22,906
17.951
25,039
20,021
19,929
15,917
14,637
9,986
S.
17,286
17,551
39,653i
„i
21,610
S.
32,31'
16,385
31,762
19,749
14,731
16,31
26,680,
20,111
21,987
28,9 49
8.
1112i
1.5,187
13.056
8.
25,776
28,512
12,362
22,132
25,0S(
15,135
20,086!
31,330
20,001
S.
23.7521
13,509
21,127
12,290
23,777
21,711
18021
8.
19,016
21,347
17.104
8.
10,921
31.9901
19,790
17,801
8.
28.206
19.691
26,983
16.082
23.706
13,601
26.03
11,639
15,170
35,138
23,97ti
20.346
15.735
8.
S.
28.605
15.013
30,896
16,877
17.36
35,155
15,195
24 336
23,BdS
21.752
S.
18,532
22.105
12.291
S,
15,733
31,395
IS. 192
17,733
21,176
8.
18.843
17,510
21,112
ll.OOP
8.
13,705
20.563
17,3
36,137
20,528
6," 31
13,632
14,138
23,943
23,921
11,718
11.527
16,669
8.
34,656
21,178
S,
li.222
16.168
23,260
13.782
11,696
31,374
21 0a9
22.359
11,336
12,777
8.
20,160
13.203
31,27(»
16,323
23.122
S.
9,871
21,039
28,935
S.
10,501
33.90ti
17.250
23.908
20,6
8.
21,232!
21,627
30,3 12
I

Total
4,126,992 3,938,807|4,233,339 3,726,359 3,993,454 3,751,301
Percentage of total
67-99
75-00
81-21'
78-98
70-33
port reo'pts Jan. 30

This statement shows that the receipts since Sept. 1 up to
to-night are now 188,185 bales more than they were to the same
day of the month in 1881 and 106,317 bales lejs than they were
add to the table
to the same day of the month in 1883.
the percentaees of total port receipts which had been received
to January £0 in each of the years named.

We

The Exports of Cotton from New York

this week show a
week, the total reaching 9,573
Below we give our usual
balee, against 11,333 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 exports

decrease, as

New York
building

1883-54.

compared with

last

1, 1834, and in the
same period of the previoas year.

and directions since September
the total for the

last

column

.

.

:

.

.

THE CHK0N1(>LE.

168

xpoRTHor oiyrroK (ii4i.m) rnnv Vhw York imoi Bbpt.

WMh
Jan.

Jan.

Jan.

H,

10.

22.

20.

~7~7»

Uvorpool
Other HrlllHh port*

O.IK 2 13,t03j

0,031 222.0 1 82 12.077
3 27,3H0 17.22ri

4,H7ft

a,034 2.^0,304 220.302

4,420

Ootton

R93

2a,.4oo

007

SO.')

27,011

810

1,S7B

1.200

(109

100

freii(hta

2,0^2

i',Hl'i

104

i,i»im

4,02h

2,1131

1,413

4,14.')

07

BpHln,Op'rt<),Ulbralt'r,*<

17.203

IH.flSS

33,0i!4

20.123
20.2Hn

Havre, steam.. ..o. «1»-1'3»* »lk-l'ii/ »1«-"31,'

Total BrAiM, Ao

SuiPPiNO

2,023
7.003

07

R!iO

0,721

1,345

14.4 7S 17,!]97 11,33:

2,0«7
2,232

B,10)

827,840

0,ft73 383,201

News.—The

exporta of cotton from the United
States the past week, aa per latest mail roturiiH, Imvo roaohod
So far oa the Soutlioni poi'Ih aro (H)nc(<rno(l, those
00,048 bales.
are the Haino exiK)rtH ronortoil by tolovrniph. and puljlwhod in
OllKONiouH liiHt Friday.
the
Witii riwinl lo Now York we
inohidif tlio luanifoHtH of all vohhoIh cloarod up to ThurHilav

Y<niK— To

I.lviiiiniol, pel'

l,:iOH ...Clly

lllllllo,

<>r

KKimnniH Anno

ChliMlKii,

253.. Brlt2,^30. ...IJollHtl, 4.'H....

Liikii MiiiiltDliii. 7
I'liviinln, 2,873
Hull, pi r hloaini'r OliaiilrO. 3
lliivri'. pm* HtciiiiMM' rtiiiiula. 55*fl
T4) lti-<iin<4i. pi'i' hUmiiiioi'h Wcrilor, 037
Worrtt, 272
I'o 1 1, 11111)11 1'K, pi'r KliiiiiKii' MiKwIa, ICO
Antwerp, pirHli'ittiioiii llornijinii. 100
Wrst«riilRii<1, 4

O.OJ

.

To
To

To
To
To

lllllToloOU. pet

OiMioa, por

loo
toi
n:n
110

llrlliiiiiilri,

To llrciMiMi. p(^r MtoiimiM- MiircihloiicHH. [l.MIO, ...!
To Hiiri'oioiiii, porlmrliH Alijiiiiilro lloi<(ili.010....Fitnuy, UAO
To PuHMKoa. pi'r hrlK Hull I'loiro. l.onO
CiiAm.KHiHiN To (liliiiBli.v KoikIh. for oi-ilcm. per ittu»iiier Hnr-

l>,."iOO

!

.^,'l.'\li

Do

1

Uplaiiil

B.4,MI

liivrk Wlliliiiii Ooriloii, 2,11(111

Wir.MiNHToN— Po

Uplaml

l.lviM-|niol. p(-r

1,73(1

,

Pilli.AiiKi,i>iiu-To LUorpiiol, purHl.<>aiiier Urltlsli kiiVir.'JHli
Ban I'"kanoi»oo— To LIvorpool, per ship Hohomla 1 ill (forelKul..

'is-

"lO-

»1S

'i»
»,.,'

'is-

*i(i*

4«a&oi 433.301 43 » sot 43330' 43 « 301 43® 50)

e

OOjiSI

>4»B».-

>4 »»«!,•

i4a»„'

»«'
^-

0.H'

».•)»

»3a*

Hi-

Hi*

>t

»4a«3a'

'4»»l«i'

's

Hi

J«»V

J«»»o4-

...
"nil*

H'

Trieste, hteaiii...(!.

>«*

Hi"
<••

Antwerji. steam..c.

'S«»,14'

'«»»S4*

— By

from

04il)le

»«1«J4

wu have

Livorixxil.

statomont of the week's saliw, Btoclcs, &o., at
add previous weeks for comparison.
Jan.

Baloaof tho week
hales.
Of whl.'li exporters took
Of whieh speculators took..

16.

. .

l.OOO

724.000
32 2,000

411-;,

Total Impoi't of tht^w<«ek
lit whleh .\merl(.an
Ainimiit alloal

000

18 2.000
331),000

1)7.000
7(1.000
34'l.000

310.000

3^3,000

140.000

or whIeh Amerleaa

ho tone of the Mvtxrpool market for

sixtts

Jikj' of the w«nk endiii); .lati. :tt), and tho
OC spot notion, havo Ismmi iih follows:

Batnrttay JKoiutay.

Spot.

Market.

(

llHrden'ii.

12rt)0f.M.(

Upl'ds
Mm. oh'VM.
Sales
8pee..1i.exp.

domKiid.

8. OOO

300

Mtrt.

4.000
27.000

liuj-nrn'

0>8

.%0ll,0il0

133.000
111.000

373.(J0ll

.124.000

33.^,O^I(l

300,000

7(!,()()

and

I

each

ftiturt's

fruta^.

""yo"'

•^"ful'V"" ">

millLfned'

*''"•'

6

6
O'm

U>S

OM

1,090

8,000
1 ,000

7,000
1,000

8,000
1,000

Rssy at

^tsady at
1-ei du-

StWdf.

Staadj.

10.<>o>.

7.11110

,0

1

20,000
S23,000

30,(100

I)

«'»

»!oo^

4.0 JO
23.00(1
741.0110
3)7. COO

daily oUwinif prices

favor.

favor.

I!

We

Jan. 30.

Widnt. l%ur«d'y

riMMtay.

n huyors' In

Ii'iilr

«_»,•

38,000
3,000

3,000

01)8,000

Hi

tho following

Jan. 23.

20.000
O.dOo
2^.000

«"
^•

tliat port.

43.00(1

3,00.1

exiion
Forwariled
Total stock— Kstlmated
Of whii'li Amerleao— Kstlm'd
.

Jan.

32,000
3,000
42.000

.Vnn^rKMiii
.

0.

32,000
3,000

Aotinil

)('

FiUurtii
Stroimitt IHtoiidT

Market,
12:30

(

!•.».(

U-ill n.t-

at

1!-H4 ttd

•

lower.

l!-n4

vunue

el Inc.

.'.111

Market,

110

3

V.

/

M.

Oaroly
sitmd*.

Stosdr.

Bns.v.

(

BMndy.

Hulot

Barelf

>Ut

steady.

00,04^

Tho

particulars of tlioHO Hhipmeiits. arranKCl in our UHual
uh follows:
Hull.
AnI<lrn»ali)/
llremrn lofi-ji .C UaritLmet- ,1 Flitta Hum- .SWkw <i»i(i it
pnoi.
wiunl. Havre, burn.
niirp.
tarn''
"
'
'•• Inmil, I'lmwea.Ofiinii. ro«(i (,
New Vork. (1.031
3
au.\ •
1,300
104
fiiil
100
0.373
N. UrloitOH. 2.1.(I.S3
8.032 »,A(IO
2,&«0
41.007
Uhni'loHion.
3,438
3.017
10.473
lire

eaviuinali..

GitlvcHton

3,(i03
l.ll.'.l

.

700

3.704

787
2.111

110

Town..
Iiii'hiited

.VIS

2,111

.

.•)>I.(I33
111

tlui

no

0,017

0.347

prices of f
futuros at

otherwise stated.
i

'"'"^
-m ..T!" dni II .,".'' ijiwn
ii2-(M>/..

0) mrViHO

«ai. Jiiu.

0pm

3.3^«
11.JB8

7S7

Boetoii
PhlliKtnlp'H

and closing
„

oi>ening, hiKheat, lowest

3.t3<l

3.:i30

WiliiihiKtoii

Tho

UTerpool for oaoli day of tho weok are given bolov
Jyerpool
oaoh
uriven bolow.
TIkmb
prlooH iiro on tlio Imsis of Uplands. Ijow Middling clause, unless
in jifivMand

()

'liiths,

5 02

ikHn:

3-6t(i.

Man.. Jrr. 96.

-J.!.

Taaa., Jan. 37.

4.303

1,188

Norfolk,... ll,3i8
.•.0)1
Newport N.
BulMiiiorr.
3.701
I'Yan

«1«*

"I.*

"sa*

"

Total

...

steam.... 0.

7(i(>

30O

hark Chariot tiutiid Anne.

'is-

-•

Uareolona.sleuin.i!.

l.liIM
1,1H>I

.

Ban

d.

sail

(leiioa,

3,(103
..

...C. I,. Wcyor. l.liOj
3,330
NoiiKoi.K— To l.ivmpool. por Blilp Prince Victor. 3.70i
per
liurkH Avonmoro, 3.2.10 ...llliinxhe. 2.100
lt.38(«
NKWrohT Nkwh-To I.lvci'piiol. por
30«
,^0M
Bai.timoiik— To l.lvorpiml. pt>r utoaiiiiMii llonwdl Towor. l.itOH
Ilryu dlai', I,c47. .. Ncuronoio, 13
Siihhox. 104,
3,701
BonToN— I'D Liverpool, por sIraiiiuiH llonloior. 2S7
NorseIiian, 30O
7S7

form,

steam

Do

.*^ales

»l6-":i/ "la-i'sj'

sall...e.

Ileval,

,0(10

."i.Ol?

11,,-iiaj.

..e.

Ainat'd'm, steatu.o.

1,300

ToHdlijuIopol, por Kl.'aiiiiM- Aliiniiirtliio. n,017 Uiilnmi.... ..
Bavannaii -To MvcriMiol, per Mii'miior Imuk 1,003 Uplimrt
per

To lliii'cclonii. pi't' liiii'k .liMii, 7< U lliilunil
Galvkhton-To l.lv.rpool. ooi- Imik KililOor, 1,931
To KliH'twooil, per Imrk Kiomi, l.ltiH
To Vi'iii (Iniy,, |ior HtoaiiH'r Wliltuoy, 300

'!«•

'iB*

sleani.e.
sail.

••

...

I

1 .U(>!>

Mtl'llllll'l' I.IIIMM'II. .'i31

MioiiiiiKi-

•

3

r>m

100
Nkw Ohi.kanh To l.iviipoiil, iH'r Klfimiom Alloln, 0.260 B«riiunl Mull. Ii.l,"i0
I)lK(\ovi>ii'r. 3,S30
Horu ltt>ii(1.3.IU0
pprliurliM l';ilcr,cr. 2.7HI....Hol Aiiilcl, 2.030
24,OP.%
To lliivro. pi>r Hliip Siownrt, Krcuiiiuii, 4.8.'^l ,. ..per Imrk
(^niiibtiHtlDot), l.lol
8.on2

loitalr.

....

sull....e.

Do

AV»
"sa'iit*

0.

LivicitPooL.
Oalcn.

Titlttl

Nuw

Do

ilttniliiir({,

of Uiix wiMik.

niitlit

sail

Thur,

ss'a**

4.

Hall...(<

Do

08,013

»ft,02,^

100

"b'jo

Oranii Total

4»,4ft'*

fiSl

other

followH:

Wvtnu

Thu.

Uverpuol, steam

Bremen, steam. c.

ToTAi.To North. Ruroi-k

U

Hon.

2a.2U0

Uo
748
320

BainlmrK
Other porla

week have been as

2.^.200

741

til)

mvTAi, Kkmndii

BntmiMi

the past
Batur.

»il7

713

pnrtu

KrtMiiili

lift

1.

713

1121

Othnr

fatal
tint*
««/)(.

440

i:i,ft03

Hfl7

Total T()ORKAT Britain

hiully dlra n«i|, and It would not tie iiafe for her to leave the
harbor
Five hiindieil l.aloH of eotloii had lioen saved from tli.i Amili-i'i
''".•'","",'"'>' -'- "'" "«"'" '"'""0 out at the third hatoh
Ti!!*"'-.,
After tlin (leekpl iloH In the vieliilly had hoeu removed, and 100
haleHof (loltoii taken from tlieear«o, the llaiiwH w.re..Kilii«ul.hed
-.
AdvleeH fi-oiii WyUimFohr, dated .Inn. lo, utale that ir.wiirdii
the (jiid of D.ieemlmr ahoiil tlilrlv Ii.Iim of eoll.in wlih nmrk*
llleijllile were waxhed a-li.iro In lhl.t dlKlrlot, iloul.tleHH
liel.mKlna
to tho i!ar«ri (if Mteaimir Ty iiemouth, wj iwked at TerMehe.liln;,',

nuting-

Jan.

Kxporltd to—

1. 18f>4.

[Vol. XL.

3.121 3,701
100 (lO.OlS
aliove lolal from Oulveston are .100 lialos to Vera Cm/.
((.100

Below wt< add tho olearano*<8 this wo«ik of vessels oarryiiig
cotton from United States \\ovi&, briiiKiux our data down to

the latiwl diitoH-.
Nk\v t)iti HANS-Kor Mvorp(H)l-J«u.

3li-8t<'iHnrr Oaiimy., 3.S30.
-Ship Naniiactiid. 4.037; hark Thukar, 3.31.%

tor ll»vre-.laii. 2-1
lao. 20 Hark ApliiiMlite. 2,3,')0.
l.Tni/.-Jaii. 21- Hteamor I'^tuhan ile Aiitiiuaiio. ,30.
Moiui.K-lor Liverpool .lau. 2il-Bark Konoiiia, 2,611....J(vti. 20Uark Ncophyic,
BAVANNAli-Kor Llveriwwl— Jan. 27— UnrlM Arnbla. 3,151; Ohiimiiipmi,

S<«A Low.

d.

Janaary.... 3 (-8
JBR-Veb.... Rn,H
r*b.-March. (100

d.

It.

On. 0pm
d.

4.

BS8 SOS B«8
ft«a 3eH 5tia
«00
(100

am

Low. OlM.

•t.

A.

4.

0pm

a««n Low. OhM.

d.

01

OOli

flOl

OOJ

1101

OUl

flat

08

08

004 601
000
07

OOO

d.

d

A.

503 5 03 5 03
sn.'i

5 03
flOO
01

BOS
BOS
000

flU4

1104

(104

(104

H0»
nun

6 03
07

Aprll.Muj .. HUS
May-hinn.. II til

(KIH

(I

OH

(Ills

10

11

10

Oil

008

OU.S

0U8

A

III

n IK

au

0J
01
08

14

IS

14

15

18

18

18

It

Jnne-Iiily.. « III
luly-Aiur... n 111
Au«.-4opt... ODD
8*pt.-Oot...
Oct.-NoT..

n

III

U

1(1

111(1

17

6 17

IS

IS

IB

111

lu

IK

ID

til

OIU

6113

mil
ova

nm

(la.s

OlS
81
884
6 84 ova

15

e

18
88
85

018

OW

Maroh-Apr.

NOT.-UM...

...

It (III

II

0114

8

8 04

...

....

....

....

ll

04

88

88

....

....

...

For Vera

-IH.

Than., Jan.

Law.

0(01.

Op<n High Low.

d.

d.

Wednea., Jnu.

,

<1IUlll.lv^ToN— For Llverrool -,l«n. 27— Bark Chrlmiiia, 700.
WlIJIiNOTON-Kor Kl«a-.Ian. 21>-It«rk AUKimle. .leaiiette,
Bo»T«>N-lor Llverpool-Jan. 21—iHlcamcr VlrKlnlau, l,1.30-.Iaii. 23—
SloaiiierHaiiiarIa, 1 12-.Iaii. 24-Hli>niner Ulrlan, ,'i3l
I'ur AiiiiHiioliH ami DUhy, N. 8. -.Ian. 21 -Steamer
Oleopatra.
BALTIMOBK- ter Llverpool-.laii. 23-3toaiiior Navarro. 006-Jaii. 13
28-

8(eamer Ll«ll»erleve,
For ltalilmi.ie-.laii. 28— Stcnuier NuriiborK. 750.
ruiUADKi.i-iiu-^For Liverpool -Jan. 20-SU'amer British
.

... Jail.

27-8teamer

Iiiillann,

Prliiccsx,

071.

1.270

Below we j;ive all news niooived to date of disastiinj to vossels
oarryuiK cotton from United States ports. &c.
AOOliA, Hteamer (Ur,). from (lalvenoii for Hruuieii. previously
H. liavin« airlvea at Dover with her e,,r.!o on llUZ.l the renorted
mviuT,!
8c«pientl} extliiidUsheil,

wan

liailiy rtaiioiKeil.

All the

uu the port nUlo nhatt mUltihljui wa» liouimmwl

woo.lwork

The

hull

was

Ol>«i H<ff)i
d.

t.

son IMM so«
SS8 bO« Btt« son
r«b.-Maruh. i«i GS.1 »63 3 08
Maroh-Apr. A 03 8 01 (108 003
07
Aprll-MiiT.. SOT (107 8 07
May-lanu.. Sit nil (111 Oil
14
14
June-luly.. 014 ai4
18
18 8 18 OIH
Jul J- A nil...
Aun.-Sopt... «<« eu a«ii o«a
Jannnry

Jan.- Fell

.

si<a

...

8«pt.-Oot..
Oot.-^(oT„..
NOT.-ltSO...

d.

It

d..

M.

Fri.,

Jan.

:10.

Oloa.

Opm

HI«»i

tow.

d.

d.

d.

d.

61o(.
(L

00

001

00

01

508 BlW 5 08

9 08

000

01

000
600

01
01

OlVt

5

0,1

0(18

5 08

5(18

.^03

B08

08

04

OllB

003
on;

0.1

07

08
07

0U8
007

10
14

14

00

flOl

004
808

03
0»

U

OlS

OK

18

11

on

1.0

10

10

III

OlS

13

1(1

n:>o

om

0110

18

18

88

88

OOS ouu

088 6 88

0(8 a 88

18

81

10

18

91
....

....

....

....

....

....

....

....

....

....

....

....
....

....

....

••••

...

....
....

-

.

1

<

January

THE CHRONICLE

81, 1880.]

BREADSTUFPS.
M

•

IR84-5.

fill

to

hil, tliiiiiKli

r

1,, ......

in

iiimH|Kirtiitii)ii

.

may

Biipiiliiw. wlii(^li

bci

Homo

111

whful Hour

810,173

Whoat.... .bash.

.Iniiuarjr 80,

1.701,777
7,3^0,0 K

1,800.130

1

,845.070

5.0:13,112.1

(I

<IHS. 110,5

2,f07,:.<iM
72;i,rill
2311.3:11

2.7H7.1',3

6*41.125
I70,ll»5
12,31'4.481

11,201,272

2,4.5/.

r),iti«

hiirlor ...

Uyo

..

Tntelftaln

OlntriKitiMiM
Niirtliw(«t havis roHtriiMi d

Helow are the

111

1

-r-

t

r-r,-;

1»7-),I22

n

11)1.225

223 283

I2,'Z03.271

11.443.987

,o,i;ol

ports for four years:

forward more
have ruled Arm, and bin k-

1883

1885.

1884.
IVMAr

lf««Ar

Wuk

Jim. 21
138,018

Jan. "i>.
150,188

Jan. 27.
101.087

/an. 38
140,000

Hm*

in k'>oi1 dciiiiiiKl.

bblS.

Plour.

the f\nt half of the

Till) wlii-at, inarki-l d>-<'lirii>d Htitaiily for
K|i -iMiliitivu HUpport
iindi-r ri<vi«w.

008.407

shipmnntH from Western hike and river

rail

to noon comki

iii'-iil

1881-a.

l,03M3i

1,050,014

oaalor.

o«i«<-<

lliii

fxp ctcd

Ky« Hour and corn

frui^ly,

,

.. ..Mis.

Float...

188A
Th« flour inarlcot ban l>wii dull iiiiil pridcH h»v«i Nhowii ii
downward tondency. TIiIb Iiiim Im!.<ii csiii'ttiully trun of llii^
lower ({railiiH mid lineH of douMfiil cjuiility. (iool liin'H of lln'
in(»liiiin mid lixtter Kradca, Hiiltubln to Ihi) w<iiiIh of largiiahip
'inliiiiiml Ho.iro(i, and priouM of thrao liiiv<> li I'li
l„.i
Khiiiay, p.

159

wan toa large est<'iit
weok
withdrawn, and from tlio iiMiicty to rcali/, prioos Kave wiiy
Tim iilmolc upon fxp irt.*, oailHB hy tliii
•Hndcr Huli'H to ri-ali/.
lal« iidvaniM) and lh<! liiKli flKurm at which tho visililo aupply
hill I' '"11 niiiiitaiai'd, li:n dMcourunod the "hull" jiartV to
Bixidiilation, notwithatan linx tho hms favorable report* from
the fiill-Hown wlioat. To-day weaker foreign advin-H were followed by Home deidine, which wan aftHrwardn recover»'d; but
the cloau wan iiiiHi-ttlud, without iniKJh activity in parcula on

1888.

)

•.

the spot,
UAIbT CUMIHO

I

or

rillOK*

Tuet.

<*2i«

liry.

,

.

b4>4

U3>4

Otifl

01

(i(:%

03

\n\

BOTH

oi\

uii«

oy<tt

u.sis

iii'^H

931'g

07

9ft 'a

Ofti»

no"H

1HH

-

3,'a') '^07,7

At—

Milt.
....

2I0.IM3
.52. ".00

22,307

Vl)bl,$24a« 2

Mn

I.

I'i/»

,

XX

,1.

,

XXX..

6i.

3
3

H0«

'3

Bp"
Wii.
WliiU'i

R09

ri.ooB
a,*)
8 mtliern bakerk'and

4

Bvn

.'to

WO
3 10» 3 35
25
4 30»
:)

Pat<:iiln

3
3

liranda

tlotir,

/'I.500

112,200
227,1 1

32.0.J0
iNiswp't

New

94H09 000

«
.... V
00 «
78 •
8i 9
48 •
»0>st
00 »
53 «
40 9
80

SprtnK.per bush.

BprlUKNo.

2....

Bed winter.
Bed winter

No. 2

Wbtt«

Cjm

••

mixed

•

w

2

.(,.

V.

V,

rn..

V

—rn.
i-nt

'1

of

White
No. 2 mixed
No. 2 white

17a«

08
5H
52

1,7 10, 1 OH
3.>)'J5.:HI

5,011.211

3,058.512

n,« 18.111:)

1, 31

3,85 i
58 1 150

2,H2,'»iJ

2,8:m.oi7
2,03 7, lis

3 18,077
71,774

580.537
39.03 i

Hurley

lake

BMtitU at—

rinuT.

,

rotal Brsin

.Ian. 21

ending Jan.
Xzpiirli

^

,7.383

634,03S'

81.661

luiiiiai

8,160

17,483|

114,ISI

«B,749
80,804

Peoria.......

ijm

Unlalta

Tot.

6f»

irk. 118

I87JM8

Hi

lOO.UI

WMO

Oom.

rtour.

Oal*.

Biuk.

Bble.

Bitek.

07.5.182

14M,o'2()

(1.5,8.55

5:1,249

7'j,o:(.'.

17,a07

21,007

1.58,751

48.700
800,780
132,000

15.572
23,745
0,125

Total w'k. 1,535,077 1,838,894

23H,H08

2.902

22,7 fi

08.450

1,005

27.242

21,852

We

add the

2,002

F*a*.

Buek.
6,370
38,9tf0

......

•e>

N. Mews.

44,372

8'ine time

18S4.

..

503,740

1,010,113

The

destination of those exports is ai below.
corresponding period of last year for compariaoa;

72

Bble

Oom.

Wk«u.

1894.
We*k,
Jan. 20.

1880.

Wt*k,
Jon. 2 1.

lo-

1880.

1886

1884.
Witk,
Jan. 2«.

Wfk,
Jan. 2 1.

Week,
Jan. 24.

Bunk.
Buek.
470.079 l,S60,iU2
570,031 248.1 OH
31,230

Bhle.
B'Uk.
47.'1H0 1.247.110

1884.
Week.
Jan. 28.

4

201,372

ITn.Klnv.

Buek.
32X.5a3
227,018
27,028
8.140
3,400

08.400 1.535,087 1040,113 1.038,804

503.740

2lO.Hi2
7,730

(;untln'ut
.S

.V !•.

Ami

•JO

i;-i

'.

1

1

<

1.

.

two
1

23H,'.fOH

..

Ml .430

>

W.ni'l

a<lding this week's movement to our previotu total* we
have tho follovring Rtatement of exports thia seaaon and last

By

seaaon:

IM.ASO!

«

10,317

0,000

afioo]

«7jn

Mjaool
SLOOO,

ijOBO

tl8,l<M

>40,«7S

tarorletkue

7SI/IM

Aiig.»,to- Avt.MV)
VlA'J

Jan.

I

OB.KlasdMD
0'.."y>7

SMI, 162

77^088.380

47.0:.

.133.043

5,013.8«e
S.£IS.4IM

04M7M5

«0.7',i

rmjMi'

>ntlneot...
H aCAa...

40.1>-.

1.101.907

i.lV.-i/.ii

J

18884.
.4u«.<7 (a

Jan.

vm*.

iUf.SSto Ami. 27 U) Av«.ftU> Av0.ttU

t».

Ja».

/on.

J»n. 34.

3i.

34.

AwS.

Jan.»».

BiuA.

tjmjM

14.403,331

13 97D.300

\n.Mi

13,830439

3,4M.I78

*,8W,373

M0M3

43,

040.311
081

MtJW7

8««,MI
80SJKI

»58,8W

tijas

180,313
41,T«)

BO/MI

OT7.S8B
130,080
as.33S
108,000

i;(.07i.a»i

ITOIS.ROS

Bblt.

IM
\Vi

SII,i«U

:

of flour anil grmn from the wiiriiJan. -ii, IW-'j, inclusive, for four

18848.

848.016

Urtt.Col'Dles

ToUl.

Cbrn.

18884.

18844.

Buth.

3,880,130
sas.ioo

ladles.

SJJ»'.-.H1

Sl.«7n.033

'ill

84.

BUt.

4M.1OT|
iSB8.!7l,

iouow^i;

US4-S.

I

}.< '

w^

r.^.

West

.ui

118,210

Bye.

Butk.
22,734

Rti.

10,080

m.m

Tliec,
ports fi
years, bi,<y-.-v

Himton ..
Portland,

7.013

UXOO
S84XW

135.433

UMM

annexed statement:

Butk.
740.781

art

Bhia JfUvK

UM-6
UeOA

la the

FUmr.

l43.STa

Berne vk. >SS

shown

are

1U8.'>,

WMat.

Eapvrle
for vietk

01

and since Aug.

880J83

Bena «k. -84

41

BiMlkSSUx Bmh.4HU>i\Bu$kAHi

7i;.«)0

28,033

•
»
9

BafUv.

,..,

netrnit ..,..
Clevaland.
Bt.Ujul> ,..

21,

jrom-

Total

musat.

Milwaukee.
Toledo

am
H/M
SJM

14,044,352
7.815.405
14.270.581
8,51.3,933
several seaboard p')rt'» for the week

...

The exports from the

three yearn'

BMi.ltMffu BlM'.

Ohlmco

140.112

80,131

to present the coinpara

nv>;r (mjiU, arruii;
tive movement for the we<i
tlie last

*

O

iiiid

for eudi of

00

market li indicated in tht
from the figures of the New
t <:^vo the receipts at Western

,

573, H2

.

Uye

37»»

1

HUt<i. •Ix-rowe'l

42,270

2,10:1,333

to

hn*,'ulM(jifr.i

St'i'

y.„,,

1

»

•

331,571110.150

ll,0<«l,tlH

'M^»

.53

l:
I

3
3 3)

04
72
38 Hi

Canada, 88
..Mia
77
ruiK-, two-rowed
02

52
51

i0,410

r)2^,0l5 1,')55.7»0

tj.OOH.U^

Wheat ....bosh.

3O09
9

37 14

Oate-Mlzed
92 ««
»»
on

400,81113.3,205

Oiite

4,000

l.'>

..02
eo
35 't»
37 "«s

State

3i2',2«6

001,032 2.10^,105

Com

N. Orl'ns.

»
«

Hre— Weatem
08

000
0,435

total receipts at the same ports for the period from Doc.
24, 1884, to Jan. 21, 188."), compare ax follows for four years:
IH8I 5
1883-4.
1882-3
1881-2.
bble.
1,202,872
1,070,010
Flour
1,558,043
020.400

40.«,577

m.

Wheat

3.';ilO

The

l-hllodnl..
liiUllin'ro

^

Branrlywlne.
liucKwIioat Uuiir msr
10011>»

2^9 4 75
00» 4 70

bu»ii.

4,370

7.500
2',ob6
43.000 42,000
24,078

.20;)

51H,188
83,520
354.002

II.V44

Orleans..

ToUl week ..248,52)
O'or. week '84 .218,375

.Montreal,

floni lueii

Wentiim.Ao

1

Intel.

81,875
0,700

315,550
71.225

271, '.'00

News.

3 401* 3 70
2 409 2 7',

noperflae

KIlMl....

4039 000

Otty iiaipi>liii(«z
Boatta'n noui: eztrao.

faiiilly

I

22,867

NflWYork

i

O.*)

71.I13H

10.0.57

20.03H

Ilia...

huth.
812.0.50
lot. 5110
25.31)7

huiih.

83,1,57
05./i(l4

York
'on.

:

2

5.054

311,775
'13,418

T(>1.,4W. 850.845 1,462, HIK fl.a52,428 2.143,135 448.402 1 10.013
4w'lrii 84. 087,271 1,505,108
4.0^1,330 2,102,004
eOU.2a3 215.102
The reoeiotM of Hour and grain at the seaboard jiorts for tho
week ende<l Jan. 21 follow:
Ftoitr,
Wheal,
Oorn,
Oalt,
Barley.
Hye

r

Bupi^rilhii

1

122 H 15
lot .•23
128,704

I

>

Fla«

Hue,
huith,

03,1.5(1

'

:

Jna.
(Ml

111',
02 >4
o:i^
01
01
04 <
The Hpeculation in Indian corn han at time* been quite
aotive, and there has been a good buMincss for export; lnit
under u free Helling movement the turn of prices bax
downward.' In particular No. 2 mixed ahowtt a marki'
dine. Till- attempt to make a "' corner" on January coni
proved a flccldHd failure. From n8c. at one time faut I'l
there WHS .1 Htealy decline until to-day, when January opii,..!
(Jlioici! .Southern white ii scarce and brinnsexBolil III "iiti,..:,
treiuu priccH, but VVeHtorn white, as well as Southern yellow, i.^
in fair supply.
UAII.r CIXMIMO MIIOBII Ot HO. 2 MrXBD COBIf,
Hon,
Tun.
Wed.
Tliuri.
FH
Sat.
n2>))
54 •«
01 >4
hO\
05
Iiiultvator
'i"iiv#»ry
ftft'4
02
001*1
53 >a
OIN
01 >4
Jrin
&0i%
603()
40'»
lery
r<o%
00%
Vv
. T>\
4fiia
ftOif
00
40 \
40 »H
Ml
y
4«»H
50
4!l'4
40 ><
40^
Al
4'.)
40'«
40 >4
403|(
Mi. •i.jvery
40»b
Barley huH
l.'V :ind huckwhC'it rule Urmer, but are quiet.
been Hold very freely at advancing price«, and the close finds
much reduced, with holders maintaining views
stockH on hand
alxjve the limit!) of buyers, and conHoquently little doing.
OatH have l><;en fairly uclive for Hpeculation, but the regular
trade haH l>een dull, owing in part to the diillculty of making
L'nder the |ireHHure to sell there haH, therefore,
delivericH.
boon !i downward tendency to prices, with options in No. 2
for February and the Hpring inonthH quoted at 38^(««3(J}^c.
The following are closing qurjtations
,

Hirt. y,

filil'

"

Jan
Jan

Fri.

02 >a

mi'4

.

Jul

four

iiut

8U>«

112

3,010.097

1,788,475

2.008,0.17

from same ports for

Bhljiruents

rmur.

Wt*k

twUna-

U2i^

0ft

In.

and lake

riill

weeks were:
.Inii

WIMTKH WIIKAT.
Wed
Tliurt,

MO. 2 RKI)
yton.

Hal.

2.5H7.523

Pot«l

The

8,010
'

'vrO

-;

Ji

..

T'
at I
ports, aiid in trumit

.;r;iiM,

of accuin

by

rail

.'^

i;<ii
,

and water, J an.

,:

Buek.

nfmfin 18.1MJU

sUfc Its in granary
lake and seaboard

21, '80, wasaa

foUowi:

M

.

THE CHRONICLE.

160
yuifc.,^

So

Com,

Wheat,
bush.
6,623,372

In $tore at—

New

bush.

306,772
90,000
4S,500
7,000
583,594

400

1.736,000
14,58^,182
142,313
77,872
Newport News...
4,381,255
Milwaukee
5,010.060
Dnlutli
2,934,984
Toledo
819.893
Detroit
Buflalo

1,687,3J9
136,831

Chlcaso
]>o

afloat

Baltituore

937,291
6,717
73,300
570,113
612,472

Dowa Mississippi,
On rail

565,743

1,301,170

175.W0
26,.i75

159 260

Boston
Toronto
Montreal

236,576
29.-.,26l

Pliiladelphia

Peoria
Indlaaapolis
Kansas uity

140,000
103.000
345,u00
135,480

188,2 i8
4,000
22,00)

12,i'56

20.423
15,839

and table damasks continued in good demand and generally
firm at current quotations. Prints were in pretty good
request by package buyers, and tliere was a fairly satisfactory
600
business in ginghams, woven wash fabrics, piques, and low
2.500 grade printed lawns, at unchanged jirices.
13,577
Domestic Woolen Goods, Tliere was a slightly improved
18.520
1,120 undertone in the market for men's-wear woolens, buyers hav1,«10
13,837 ing shown less apathy than for some time past, but the volume

9.575

33.810
V8 533
470,481

415,000
1J,53S
50,248
30.743
142,346
37.140

l,f)00

8,860
6!,697
76,339

—

....

3,069
1,200
3,859

88,0 10
3,915
3,995

23,7(jO

14,851

44,145

437,155

506. '."iO
42,576,703 5,111,463 2,281,443 1,725.305
42,776,970 6,414,1 19 2,413.351 1,7S8,U29 452,7:t2
33,943,813 11,574,718 5,773 415 2,3^3, 5!5 2.611,273
21.909 118 9,550,497 3.985,195 2.303,521 1,506,689
17.752,412 17,816,161 3,203,6il 2,321,713 1,153,983

Tot, Jan. 24, '85.
Tjt.Jau. 17,'85,
Tot, JaD.2r>, '84.
Til. Jan. 27, '83.
Tot, Jau,2e.'82.

and prices of 64x643 have receded to SJ^c. less J^
per cent for "spots," and 3}^c. flat for "futures"; while
56x60s are relatively steady at 2J^c, because of the
light supply of this particular grade. White goods, quilts

increase,

121,512

.....

2,494,081

Louis
Cincinnati
Bt.

bush
49,236

239,150
26,895
28,010
90.0C0
356,346
11,141
112,357
1,679
2,0^5
179,534
46.752
1,900
116,079
278,775

Oswego

Xye

Barley,
bush.
18i,0.i0

74,072

afloat (est.)

Albany

Oats,

bush.

434,sl2
148,309
12,000

[Vol. XL.

of business has not materially increased.

Overcoatings have

met with more attention, and some inquiry was made for allwool and cotton- warp beavers, but actual transactions in these
goods were neither frequent nor important in the aggregate,
partly because opening prices have not yet been determined
upon by agents. Cassimeres were in light and irregular demand,
but some fair sales of both light and heavy weights were

by means of low prices. Worsted coatings and suitings
move steadily on account of back orders, but new
busines was confined within narrow limits. In Kentucky jeans
and satinets there was no movement of importance, and selections of flannels and blankets were almost wholly of a hand-tomouth character. Wool suitings, sackings and tricots (for
ladies' wear) have shown more animation in first hands, and
a fairly good business was done in worsted dress goods, though
selections were made with more than ordinary caution.
Carpets were in irregular demand, and purchases of wool
hosiery and knit underwear were comparatively small.
Foreign Dry Goods were more sought after by out-oftown jobbers who have nearly completed their first purchases of
domestics, and are about returning home, and a moderately
increased business was therefore done in certain lines by imBritish and Continental dress goods were a little
porters.
more active, but selections were mainly confined to the lower
grades. Silks ruled quiet, and the demand for millinery goods
Linen goods, white goods, laces and emcontinued liglii.
broideries were in moderate request, and hosiery and fabric
gloves were fairly active. The auction rooms presented no
offerings of special importance, but the goods sold in this
manner brought fair prices.
Importations of Dry Goods.
The importations of dry goods at this port for the week
ending Jan. 29, 1885, and since January 1, and the same facta
effected

continued to

THE DRY GOODS TRADE.
Friday, P, M,, January 30, 1885.

market

The
firat

past

hands,

week,

but

the

ectivity

goods

dry

for

buyers

has

regards

as

continued

shown moderate
demand at
the
and

cautious,

the

Tolume of business done by commission houses and importers
was hardly up to expectations. The jobbing trade ruled quiet
and but

improvement in

little

this

connection

is

looked for

until about the middle of next month, by which time a conEiderable number of retailers will probably appear in the

market, prepared to

As

for some time

make

selections for the

coming

past, transactions in staple cotton

goods were comparatively

and almost wholly

light,

season.

and woolen
restricted

to such small lots as were found necessary for the pursuance
of current trade, but there was a very fair movement in spring

and summer goods, in which printed and woven wash fabrics,
wool, worsted and cotton dress goods, prints, ginghams, quilts,
The tone of the
white goods, hosiery, &o,, participated.
market continues fairly steady, but there has been rather
more pressure to sell a few kinds of domestic cotton goods
which have shown a tendency to accumulate, and there was
a still further decline in such staple fabrics as print cloths, in
Colspite of increased firmness in the price of raw cotton.
lections are fairly satisfactory in most sections of the country,
and wholesale dealers are generally meeting their obligations
with commendable promptitude.
Print Cloths. The following shows the course of the
market during the week:

for the corresponding periods are as follows:

i:Sri£§

£

p:^

to c

—

IXCHANQK

Janiutry.

Tom.
Saturday.

315

Quiet.

Price
Sales

....
....

Price
Sales

Price

Price
Sales

....

Quiet.

Dull.

315

Quiet.

Price
Sales

... Price
.... Sales

Dull.

316

<

3-15

Dull.

Wed'day.

Thursday

'^ ^1

Price
Sales

Quiet.

....

....
...

Price

....

Sales

....

Price
Sales

Quiet.

....

Sales

trice
Sales

...

....

...

..

....

...

....

wo
0-to to

C

01 »u

....

to

WKJH-tC
00

...

J

1,000

8,000

W

W

I-*
O' lO to
r- 05 C" to 03
to cn 3a CO

if^

toi^tDoiia

cto

en

wto

b

OjO
OlW

Tnfal..

....

....

1.000

..

1

....

2,000

12.721

3,131 1,199 2,140 1.845

co:d

O 10 CD to
tOCiOOCJK)'^

Voic-ibw

oiyios*-)^

h-C0CDX>iO

Ci

^ ^ j« 01

CD

a to y 03

0:0

torf>>crci^

;

Wednes-

—

Domestic Cotton Goods, The exports of domestics for
the week were 2,850 packages, including 1,674 to Great Britain,
337 to U. S. of Colombia, 228 to Brazil, 170 to Hayti, 170 to
Argentine Republic, 112 to Uruguay, and leaser shipments to
other markets. There was a moderately increased export
for

brOwn and colored

able business,
cially as

but the

c» CO

regards

fair business

0:0

H to

I

C5 10

I

cooaoD*-

;;»

cc'tT.

1

-^1

o>cn

I

O-Oi^^—
*-ao:0

in

and other colored cottons ruled quiet. Print cloths
were rather more active, but the stock on hand continues to

M»*^

i^'^omto

001
01 GO

OiO

a.

m

wo C O Ci '^ X)

<j

® to ^3 to

GCC0t-''>t.b
<i~'<C: Ci
lt>-

to v|

O

O
O'

p to ^
toc:tDC-'ri
to

Cl

light, espe-

Denims were
and the manufacturing trade,
cottonades and cheviots, but

rfii-'**.

t0>^Q0»*O

CD h- OUO

»

I

to
Oi

brown and bleached goods.
was done

O-J

cottons, resulting in consider-

home demand continued

freely taken by jobbers

tickings

WtwOO'-'

h-OiXWO

J^

»-ML»pyt

3.000

:

;

more
and a

toa;i

I

Transferable Notices— Saturday, 3';!0; Monday, 380; Tuesday, 320
day, 3-20 Thursday, 315 Friday, 315.

demand

o
MOW xo
CDCOtCCOM

c; QO *» CO oi

-.1

tOCJ
W'CO

....

- to

cjitilc*.

85.962

v. Id

O»OOlt0QD

M *- no CO
O ^ Oi

Olio

•J CO

Friday....

Quiet.

aQCi3J»-tO

M C" —

C" to

315

Dall.

Price
Sales

"yiV'^jiCD'^n

o; 01 to ^'-p 96

*^
122,768 193.644

aw
OO

..

...

#fc

— fO

w

....

Price 8- 19
Sales 2,000

....

Price
Sales

h-QD

....

Price 315 Price
Sales 1,000 Sales

Price
Sales

Q0CJ1

Price
Sales

....

lU

to -J

W

....

Price
Sales

....

1.1

C)^t3

C;'to

315

]

Op
via

Tone.

Dull.

.

My

February.
1

Dull.

\

Monday.
Tuesday

Price.

iiiii

-4

Futunt.

Spot*.

s

SALES OF FCTCRES.

MARKET.
COTTON

g

p:

W ^ v" O
>rj
CIO

Ci

<i

KJQaOO

— -l W !3

to ** *»• &3
I- 00 to -3 C3
t-*

WiXW;-p«
r- to -^

OO

pO-^CC^lJ-

JD^cit^

CO

»* »- ^1 C. 'S

t-joto^

©CO
CO
twJo

eo

h- -1

a>

<**•

to
w 1— Ot

o"b
OCT

en to "I- '-o"^

vlrf-COtooo

X'

oaD^'»~'05
^^

ii"

cc

(1^

tU

',0

iX <l 0>

""JO

auiocDO oat
pcop^f-to

QolB.cccr.Go

COM

^>UUt30?
tiW05<J'-D

iP-OlOtU

w

CICSCD^ —

COS

:

January

:

THE CHRONICLE

81, 1H85.]

rA

'govtiQU Satilievs.
XO OTHEK

l^ovclfiu Sanfeera.

TBB

TBS
Anglo-Californian Bank

HVSIXICSS.

The Guarantee

Co. Railway Share Trust Co.

OF NORTH AMERICA.
Cuh

(I.IMITBD),
$800,000
400,000
V14,000

Capital

raahAueu

No.

neposit with Insurance Department
ProHlilent:
Vlce-I*re»ment:
Hon. Jas. fkhuixr.
KiK Ai.EX. T. Galt.
ManiiKlnK Director: Kdwaiid Kawlinoh.

NKW VOKK
I).

New YoHK DiKKCTtms— Joseph W.

L

H. Victor Nowcoiub, .lolin P»ton, Danl«
Torrance. Edw. >'. Wlnslow. hinoitus Wlraan.

CO.,
HKOADWAY, NKW TOKK-

216

Ofllolalaof Banks, lUiilroadB and Kxpross C'umpanles. Maniutern, Secretaries. and Clerks of Public Companies, Institutions and Commercial llrma, can obtain

BONDS OF SUHEXYSHIP

from this Ctmjpany at modenite charges.
The b.iniis of this Coniimny are accepted by courts
of the St;t(o of

New

M. KuilAUIiH,

UuH'T

Jolix M. Cha.ne.
I'reat.
J. lllJ.l.AS, Ass't tiecretury.

DUIKCTOHS;

P.,

C. 8.

Chairman

B.,

M.

>

Bart.

<

I'ashlor

&

Steiger

Co.,

Managing Director.

Narr & Co.,
AITIEKICAN BANKERS,
STUTTUART, GERMANY.

ThiB Company undertakes the business of Truste*

A

P

.

to

TURNER

.

LONDON.

Loans of approved Hallways, negotiates and

lasne* Loans

CO.,

dc

THUEAD.VElCDLE STKEBT,

50

W.

A. ». Barjies.

.

BANKERS,
FRANKFOKTON-MAIN, GERMANY.

O. C. M. Q., K. G.

Lawkknox Youno,

LII.IBNrHAL.

N.

L. de

1.

John Pendrk, Esq., M. P.
Bib Hknry Dkithhond WOLFr,

Esq.,

.

96,000,000
1,500,000
400,000

„

M.

MAtCOIJf A. LAINO, Esq,
John Uokatiu Lloyd, ISaq.

FRANCIS PA VY,

.

Transact a general banking business, laaae Commercial credits and Bills of Rxchange. available In all
§«rts of the world. Collections anifoTam for Bonds.
to/'ks. etc.. executed upon the most favorable terma.
K.

Seo'y

G. Low,
Charles Dennis,
O. O. Wllllania,
J.8.T.Stranahan, M.A. Uurlbut, Alex. .Mitchell,
A. B. Hull.
J. D. Vermllye, 8. B. Chittenden.
Wm. M. Richards.
Geo. 8. Coe,

David Dows.

Hope,

Esq.,

.

FRKD'R F. LOW,
l„
lONATZ STKINU ART. (*'*"•«"*•

UKKKUAL UKNKV HOPKINBOX,

SIU CHARLES

Policies Issued atfitlnst accidents causing death or
totally dtHabllnu Injuries.
Full Iniorniatlun as to details, rates, Jtc, can be
obtained at lu-ad oftice. (»r of Company's Agents.

(Jeo. T.

LAINO,

York.

CASUALTY DKPABTMENT.
Wm.

.

UtllBOTORa:
8.

FIDELITY A CASIJALTV
»M *

•

Ke««rv« Fund,
Capital Paid Vp, «9Tl,8eO dterllDK.

llapklnn.

Moa.

tnthorlz«d Capital,
Pald.|i|> Capital,

OKFU'K:

TO.VII'KINH. Si'cretary.
Oroxel. a.

,1.

BONTON Correa(<ond't«, Maaanohusetta N. Bk

L0N1)0^, EN»LANU.

BROADWAY.

NO. 178

YORK AkviiU, J.iiW. 8eU)naan * Co

N KIV

BANK BUILDINOH,

4

(LIMITBD).

LONDON, Head OOloe, 3 Aiigel Coan.
MAN KIIAN<;i«<H»Offlc«.422 Ciillrornla Bt.

MiTMuvna
MKMBEKB 5 New York Stock Exchange.
j phnafleichla Stock Kichange.

on the London Market, act* as Agent f oi

Railways and^ther Corporations, either In the mat-

IHANUATTAIK
Safe Deposit& Storage Co
346 & 348 BROADWAY,

ter of

Imperial Bank of Canada.

Comer of Leonard Street
NEW YOHK.
Safes to rent from $10 to $200 per year,

Cable Addresa—Payt, LOITBGN.

AND CAN BK KKNTED FOR A

Bank of

COMPANY
N«.

N. Y.

This bank has superior faollltles for maklnji collections on all accessible points In the United States,
Canada and Europe.
Liberal terms extended to
accounts of banker? and merchants.
CoKBie8iK)Ni)ESTS.— .New York, National Shoe A
Leather Bank; Union Bank of London.

4

$1, 500,000

9678,000

WILKIE,

Cashier

HEAD OFFICE, TORONTO.

•t.

Catharines, Port Colbome, St. Thomas, Ingeraoll
Welland, Fergus. Woodstock.Winnipeg, Man,,

Brandon, Man.
American Currency A Sterling Exchange,
London
Agents In New York:
808ANQOET, SALT&CO., BANK OF MONTBBAI,
73 Lombard Street.
69 Wall Street.
Promptest attention paid to collections payable In
ny part of Canada.
Approved Canadian business paper disoonnted at
.he Head O^ce on reasonable terms, and proceeoa
remitted by draft on New York.

Agents

BANK BUILDINGS,

In

:

J

I

Direcior$ as the Sailwiy Share Trtul

Omnpany

D. R.

t>ealerB In

(LIMITED),

LONDON, ENGLAND
Same

.

.

-

.

BRANCHES:

Railway Debenture Trust

¥300,000

BUFFALO,

HOWLAND, Pres't.

8.

THB

Buffalo,

CAPITAL,

CAPITAL (paid np),
SURPLUS,
H

DAY WEKK OR nONTH.
Shsrilan 8. JEWiTT, Pres. Josiah Jkwktt, V.Pree
William C. Corxwkll, Cashier.

©auartlau gaiiliers.

payments of Interest on Loans, Dividends on

or Registration of. Stocks in London, or otherwise.

Merchants Bank

(Limited).

OF CANADA.
CAPITAL PAID

The City Bank,

17P,

witb Snrplns,

^61,956,410 Stcrllne.

(LIMITSD,)

LONDON, ENOLAIUD.
Blake Brothers & Co.,
Authorized Capital, .... .£4,000,000
LONDON, ENGLAND,
t^ubncrilie)! Cnpltal, ...... 4,000,000
Fnld>rp

1,000,000
Keaerve Fnnd. £500,000.

READ
Bond

......

I'npilal,

THREADNEEDLE

OFFICE,

ST.

BRAlsreHES:
Tottenham Conrt Road

Street,

I

Ludgate Hill,
KnlghUbrldKe.

Paddlnirton,

Holbom,

I

Aldgate,
Old Street,

London.

The Bank,whlle conducting the general business
01 London Bankers, gives special attention to the
Agency of Foreign and Colonial Banks.
A. U.

Bank of

KENNEDY, Maiiager.

solicit lujuounts and a«enolea of Banks, RallwaTi.
Corporations, flrms and individuals, upon favor
able terms; also orders for the purchase and
•ale of Bonds, 8hures. Ac, Aeon Conuniasior
on tbe Rtock Exchantte.
Meteotlate Hallway, State and City Loans and
Imne Conunerdal CredlU available In all part* of
the world.

4 Tbrendneedle St., London, England
PAID-UP CAPITAL, f 1.600.',(I0.
Guarantee and Reserve Funds. £'138,000.
Letters of Credit and Drafts Issued on the 110
branches of the Bank In the Colonies of (Queensland,
Mew South Wales, Victoria. South Australia, Tasmania and New Zealand. Bills negotiated or sent for
Collection. Telegraphic Transfers made. Deposits
received In London at Interest for fixed periods on
t*rma which may be ascertained at the office.

PEIDKAD2 8BLBY,

Hong Kong &

Secretary.

Shanghai

Amaterdam.
BRAyCHES
London— KXCHANOB A INVESTMENT BANK

<

Credit for use of Travelers, and negotiate or collect
Bills payable at Bombay, Ca,cutta, Singapore, Saigon
Manila, Hong Kong, Foochow, Amoy, Nlngpo,
Shanghai, Hankow. Yokohama, Hlogo, San Francisco

TUWNSBND.

Asent, 47 Wllllaoi 8t,

GEOROB UAOUB, General Manater.
H. PLUMMER. Assistant Genersl ^ansger.
BANKERS:
LONDON, ENO.— The Clydesdale Bank (Limited.)
MKW YORK— Tbe Bank of New York, N.B.A.
The New York Agency buys and sells Sterling BxCable Transfers, Issues Credits available in
illparts of the world, makes collections In Canaca
tnd elsewhere, and issues Drafts payable at any of
theofficesof the banlv in Canada, Every deaeription
of foreign banking business undertaken.
.inange.

^ewr

York

A(;encr, No. 61 UTall Street.

HENRY HAGUE,

Nos. 55

W. Bludenstkin a

A

Co.

56 Threadneedle Street, H.C.

Almeloo-LBDKBOBR A

Agenu.

0»

British

North America,

No. 52
Buy and

CO.

NIW TOBK CORBE8PONDENT8

sell

Issue

demand

Chicago.

CIRCULAR NOTES

available In

all

parts

.)f

Issued In

Hounds Sterling

the world.

CIAL, CRKDIT.S ISrSl :E1>

COMMER-

for u»e In Europe,

China, Japan and the Eiu,t and West Intlles. Also,
In name of
ifc BKAXILIAI^
Limited, available In the Braiils, River
Plate, Ac.
Bills collected and other hanking business transacted.
D. A. McTAVlSn. .„„„,.
{Amenta.

NEW LONDON

BANK

H.

8T1KEMAN.

Gzowski
STOCK

.AND

AND

&

I

Buchan,

EXCHANGE RROKERS

GENEIC.^L Af.ENTS,
TOKONTO. CANADA.

Prompt attention given
cial

KNAUTH, NACHOD & KUHNE

WALL STREET.

Sterling Exchange and Cable Transdrafts on Scotland and Irelano;
also on Canada, British Columbia, San ii'rancisco and
fers.

Transact a general Banking and Commlsalon Bust.
oasa In Bills, Stocks. Shares, (Unpens, Aa

Messrs.

I

Bank

ttolterdam-DE WISSBL-en EFFBCTBNBANK.
Enachodn-B. W. BLIJDBN8TBIN. Jr.

and London.

A. M.

OflSce,

B.

Bsg

J.

1861.

Subscribed Capital, 8,000,000 -GuUders (13,200,000.-)
••
Pald-Up Capital, 7,871,100—
($3,148,440.-)
849,868 87
"
deserve Fund.
($339,945.58)

BANKING ASSOCIATION.
Paid-up Capital
»7,500,000
Reserve Fund
4,4''O0O0
Reserve for Equalization of Dividends
400,000
Reserve Liability if Proprietors
7,500.000
rne (.Corporation grant Drafts, issue Letters ol

$1,2.50,00(1

ANDREW ALLAN, Esq.
ROBERT ANDERSON,
HEAD OFFICE, ITIONTREAL.

AGJENCY OF THE

W. BLIJDENSTEIN & CO.,
A.nSTERDAin, .... HOLLAND.

Head

$5,700,000 Paid Up.

President,
Vice-President,

Bankvereeniging,

ESTABLISHKI)

•

•

JOHN B. HARRIS. JR-

B.

1835.)

•

De Twentsche

Australasia,

(INCORPORATED

Capital,
^eserye.

to collections and all dnmn-

matters.

l^rrespondents— Bank of New York,
fwd AlUonce Bank. Loudon.

New York

,

THE CHRONICLE.

VIU

%mxk&xs.

galtimoi'je

Bank of Montreal.
OAPITAIi,
SrRPI^IJS,
O. F.

•
•

W.

J.

President.

BUCHANAN, General Manager

NEW YORK
Nos. 69

&

OFFIOE,
61 TTAIilj STREET.
Waltkb Watson, ) Agents.
a™...
ALIX'B LANG,

J

liondon

No. 22 AbcIiarcU Lane

Office,

'^tva gufllatxtl §aiifeers.

Sons,

&

Wilson, Colston

W. Harris &

N.

Co.,
INTESTMENT BANKERS,
DEARBORN STREET,
CHICAGO, ILL.

Co.,

DrkXTTkC!
DVyxN J_»0,

Cobb

&

entire issues receives special attenWrite us If you wish to buy or sell.

tion.

BANKERS AND BROKERS,

BAIiTinORE.
and information

Correspondence solicited

s

fui.

nlsDed.

N. Y. Correspondents— McKlm Brothers
J.

Wm.

WM. MIDDBNDOBF.

k,

Co.

OLmB.

B.

Middendorf, Oliver & Co.
BANKERS AND BROKERS,

THORNTON & SON,
BANKERS AND BROKERS,
Vf. F.

(Established 1859.)

SHELBYVILLE, ILLINOIS.
Collections made In Shelby and adjoining Counties
and Proceeds remitted on Day of Payment.

Rkpekences.— National

3S

CONGRESS STREET,

Box

BALTIMORE, mD.

397.

Jos. M.

BOSTON.

jioutttcrn gaixkers.

M. Shoemaker & Co.

E.

&

Dupee

Swkbt i

Co.,

Co.).

BANKERS AND BROKERS,
No. 40

Co.,

BANKERS,
No. 35 South Tblrd

St.,

Philadelphia.

DEALERS IN CAR TRUSTS AND OTHER
INVESTMENT SECURITIES.

lUASS.

Gerlach,

BANKERS AND BROKERS,

Charlks h. SBSLnoN. jb.
Joshua wiLsoim,
BiNjAuiN A. Jackson, William Binnkt, Jb.

& Co.

New York, Bos

i>rafts Issued on
States and Europe.

all

R.

I.

Dealers in Commercial Paper, Government and
other first-lass Bonds and Securities and Forelgr

Exchange.
EMvate Telegraph Wire to

New

Torli

and Boston

Samuel G. Studley,
COMMISSION STOCK BROKER.
No. 4 Excbange Place, Room

No.

4,

BOSTON, MASS.
MEMBER OF BOSTON STOCK EXCHANGE.

&

Stackpole
No.

7

Ely,

BANKERS,
EXCHANGE PLACE.

'WitsHXXL %M\l\liX&,
Grand Rapids, Mich., January ai,

1885.
Hapids, in the

The City National Bank of Grand
State of .MiclUKan, is closing up its affairs, its corporate existence having expired at close of business on
theiLst day of January, 1M8.>. All note-holders and
others, creditui-s or said association, are therefore
hereby notlHert to present the notes and other claims
against the association for payment.

& Barrett,

BANKERS

Street,

PORTLAND, lUAINE.
Dealers In Government, State, County, City and RaIIroad Bonds, Bank Stocks, Ac.
T)esirab1e Investment Securities constantly on hand

Wm.
And

gaufeetJB.

Fisher &
BANKERS,

Sons,

and Investment
,

Securities,

32 SOUTH STREET,

BALTimORE,

inD.,

Have Western Union wires in their offices, bj
means of which immediate communication can be
had with all commercial points in the country. Kspecial attention given to purchase and sale of Virginia Consols, Ten-forties, Deferred and uli i-tsues
of the State, and to all classes of Southern State,
City and Railway Securities. Correspondence solicited.

made on

parts of the United Statea

all

MERCHANTS' NATIONAL BANK,
UICHITfONB, VIKGIIVIA,
made on

ail

#500,000
made on most favorable terms

THE

Texas Land

&

Mortgage

COMFAKY LIMITED,
(OF LONDON, ENGLAND),

Southern points on best

General Manager,

Co..

Dallas. Teiah

Wail Street.

1871.

Keleher

&

Co.,

S05 OLIVE STREET, ST. LOUIS,
Dealers In TTestern Secnritles.
peclalty. Good Investment securities, paying
4W to in ner cent, for «ale/

O. G.

KONKS,

President.

Cash.

P.

BRANCH,

President.

Fred. R. Scott. Vice-Pres't

&

RICHMOIVD, VIRGINIA.
Vtrpinia Bonds funded under the Funding Act
passed by the last Letjislature. for % per cent comNew North Carolina 6 per cent bonds,
mission.
secured by lien on the state's ^tock in tlie North
Carolina Railroad, for sale.

)

STATE BANK,

)

Incorporated 1875.

I

i

O. T.

Direct Line to

WALKIB

Cashier.

LITTLE ROCK, ARKANSAS.
- 9350,000
Prompt attention given to all bnslness In our line.
N. Y. COBBESPONDENTS.— Donnell. Lawson A Co.
utd tbe Metropolttan National Rank.
•

-

France.

GENERAL TRa1^\TLANTIC
Between NBIV

YORK

CO.

aud HAVRIS,

From Pier (newj 42, North River, foot of Morton St.
Travelers by this line avoid both transit by t-.nKUah
railway and the discomforts of crossiuK the Channel
in a small boat.
Wed.. Feb. 4. 0A.M.
ST. SlMitN, Durand
LABRADOR. de Hauterive. Wed.. Feb. II.3 P.M.
ST. LAURKNT. De Jousselin .Wed.. Fe^». 18, 7
Price of Passage (including wine):— To HavreFirst cabin, $100 and *80; sec<»nd cabin. $(>»; sieerane. f'^rt— includinK wine, bedding and utensils. Return tickets at very reduced rates. Checks. HI ilanque
Transatlantique, Havre and Pari, sin amounts losuit.

AM.

Havre to Paris.
The Corapa^nie Generale Transatlantique delivers

Special Train from

at Its office in New York special train tickets from
Havre to Paris. BngKHK^ checked throujiii to Paris
without examination at Havre, provided passengers
have the same delivered at the Company's dock In
New York. Pier 42 North River, foot of Morton St.,
at least two hours before the departure of a steamer.

I.OUIS

DE BEBIAN,
No.

trom

German Bank,
Capital (Paid In)

L.Y

W

Transact a general Financial and Agency Business In
the State of Texas and Europe.
• ew York Correspondents:
C.E. WKLLESLBY,

F.

JOHN

CO.,
THOiVIAS BRA\€II
BANKERS AND COMMISSION MERCHANTS.

Defaulted Bonds of Missouri, Kansas and lUlnois a

Dealers In Governmeuts, Stocks

OppoeiTB Skcond St

National Bank,

0]!tf

CITY NATIONAL BANK.

New York Correspondent, Fourth National Bank.
TH08. D. GiLBEBT, Prest. J. Fbbdbbic BAAB8, Ca»h

P.

Cashier

UriliiniNGTON, N. C.

City Bank,

Capital,

Blake Bbos. h

Walker.

tRKDERIC BAABS.

ESTABLISHED

^alttmore

First

A. K.

Preset.

OF GKANl) RAPIDS, MICH.

BROKERS.

AND

186 middle

Co.,

^tzvLxaships.

The National

BOSTON.

Swan

BUBHUSS,

Dated, Jan. 21,1885.

Collections

&

Special attention paid to collections, with promot
remittances at current rates of exehanpe on day of
payment. Buy and sell State of Alabama and City
of Mobile Bonds.
Correspondents,— Bank of the State of New York,
New York; Louisiana National Bank. New Orleans;
Bank of Liverpool (Limited), Liverpool.

John F Glenn.

The City National Bank,

Successor to the

all

BANKERS.
inOBILE, AI.ABAITIA.

Collections

J.

on

BBNJ. A. BOTTS.Pres't

terms; prompt returns.

ITEYBOSSET STREET,
PROVIDENCE,

WBBM8, Cashier.

Thcs. P. Miller

principal points in the United

BANKERS AND BROKERS
&%

B. F.

CoUeotlons

PHILADELPHIA.
Orders executed by private wire in
ton and Baltimore.

collections

Botts, Pres't; F. A.Rice,
B. Botts, Bobt Brewster, 8. K:

CHESTNUT STREET,

No. 322

Texas.

attention to

Baldwin, W.
Mcllhenny, B. F. Weems.

B.

&

Narr

Dealers In Municipal, State and Railroad Bonds.

Wilbour, Jackson

&

Clark

special
accessible points.

Stocks and Bonds Bought and Sold on Commissio n

STATE STREET,

BOSTON,

W.

give

C. C.

PHILrADELiPIIIA.

and United States Ronda.

Houston,
We

DIBECTOBS.— Benjamin A.

SOUTH THIRD STREET,

134

No.

Dealer* In ninnlclpal. State, Railroad

CFormerly CHAS. A.

OP HOUSTON,
CAPITAL, 9500,000,

ROBBBT M. JANNBT.

SHOBMAEXB.

ALSO.

Perkins,

^attfegrs. THE CITY BANK

BANKERS AND STOCK BROKERS,

BOSTON STOCK EXCHANGES.

Commerce, New

:

(KBY8ER BUILDING/X
& £5 GERMAN STREET,

Jos.

MEMBERS OP THE NEW YORK ANI

of

Baiilt

York; Union National Bank. Cincinnati; Third NaBank. Chicago*

tional Bank, St. Louis
Traders'
First National Bank. Indianapolis.

NOS. 23

BANKERS,
No.

Wm. W. Thobnton, Cash

THOS. M. Thobnton.

SOUTHERN SECURITIES

and

specialty.

^gttttggtxtattia

Estabrook,

Town, Sehoo
and Car Trust Bought and Sold.

State, County, City,

The funding of

Members Baltimore Stock Exchange.

Brewster,

Uaiilicies.

No. 176

TRANSACT A GENERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.

INVESTMENT

Buy and seU Sterling Exchange, Francs and Cable
Tranefers; grant Commercial and Travelers* Credits,
available in any part of the world; issue drafts on
and make collections in, Chicago and throughout the
Dominion of Canada,

'Wi&sitxu

BANKERS,
7 SOUTH .TREET,
BAETIIHORE,

No.

$6,000,000, Gold.

SMITHUES,

&

Robert Garrett

« 12,000,000, Gold.

-

[Vol. XL.

(»

Ajxcnt,

Howllnti <iroen.

OFFICE
CARPETS.
Before buying your Car]«t«. Ijinoloimi. Oil
Cloths or MattinRs, call at BKNl>AIiI.'S

Carpet Store, 114 Fulton

St.,

Cheapest place in the city.
veuient to call, send for samples,
Boor.

liawmont
If

not con-

—
January

—

THE CHRONICLE

31, 1886.]

l^uWicatiottB.

Ix

^avds.

(S>otavxtxcinl

(SfOttaxL

Henry Hentz

BrinckerhofF, Turner

&
[READY FEBRUARY

COTTON SAILDUCK

TU E

And all

(ANNUAL.!
A

toll sapply, all

&

Joy, Lincoln
tS

WEUTI STRBBT,
NEW YORK.

&

4S

19

Currency Movements.

Export

Drilit, Sheetings, itc, for

&0.

Traile.

&

Bullard
Wheeler,
119 MAIDEN LANE,
NEW

(FOB Baling cotton.)

iliEO.

aud Prices ot Call Loans and
Commercial Paper since 1877.

Agents for the following brands of Jute Baeffinfi.
'Kagle MiIl8,""BrooItlyn City,""Georpia,""Carollna,"
•Nevlns. O," "Union Stiir." "Salem,"' "Uorlcon Mills,'
Jersey Mills " and " Dover Mills."

Foreign Exchange
Market and Prices in New York, 1870-1884.

InTestments aud SpeculationCompound

Interest Table, Showing Accumulations o( Money in a Series of Years.

Table Sliowing the Rate Per Ceut Realized
on Securities Purchased at different prices
(without regard to date of maturity.)
Stock Speculation in New York.

Cnlted States Debt and

Seonrttieti
United States, 1791-1884.
Prices of U. S. Bonds. 1860-1884.

Successor to SEARS & COLE,

STATIONER ANB PRINTER,
Supplies Banks, Bankers, Stock Brokers and Corporatlone with complete outfits of Account Books
and Stattonery.
fW~ New concerns 0Tgtai\zlng will have their or*
ders promptly executed.

I

State DebtH aud SecuritiesState Debts and Immunity from Prosecutloii

No

Water.
USE

New Tork

tlie

WII.l,IAM STREET,
(HANOVEB SQUABB.)

No

No. 62

Brush.

THE
& Envelope

Co.,

WILLIAM

B.

DANA &

tc

81

WlUlam

Streot,

for

COTTC
SPINNERS and BXPORTBKS.

Correspondence Solicited.
Repkkences.— Ntttiona! Bank of Ausruata, Ga
Henry Hentz & Co., Commission Merchants, New
York; William B. Dana & (!o.. Proprietors Commehrii L & FiNANCLA L CHRONICLE, and^other New York
Hoiiaea.

132

Farrar & Jones,
PEARL STREET, NEW IfORK.

Liberal advances made on Cotton consignments
Special attention given to orders for contracts for
future delivery of Cotton.

FARRAR &

EtJRE,
Warken Ewen,

John M. Bwzm,

jr.

Ewen

Brothers,

COTTON BROKERS,
No*. 31

&

33 Rroad Street,

NBW

YORK.

WALTER &KROHN,
cottojW brokers,
BEAVKW 8TRKKX. Wltur YORK.
James F. Wenman & Co.,
COTTON BROKERS,
No. 113

PEAPb STREET,

Established

134

MUTUAL LIFE
NEW
00
00
10

CO.,

New York,

F. S.

CO.

OF

WINSTON,

TORK.

President.

ISSUES EVERT DESCRIPTION OF

(In

Bates Lower than other Companies.

Assets,

- -

N. ¥.

Tontine Building) 1840.

&

Co.,

PEARl' STREET, NEIT YORK.

F. Hoffmann,
COTTON BROKER AND AGENT
38 RITE

DE

£,A

ROIJRSE,

14, 1842.

$103,876,178 51

HAYRB.

BAGGING.

LIFE& ENDO WMENT POLICIES WARREN, JONES
ORGANIZED APRFL

CO.,

COTTON BROKERS,

THE

PUBLISHERS,
1»

TO OttDKR

Geo. Copeland

INSURANCE

•

AUGUSTA, OEOROIA.
Entire attention given to purchase of

"gnsnvvtnczJ

Railroad Statistics of the United States
RaUroad Earnings.
Prices ol Railroad Bonds, 1880-1884.
The New York Stock Market, 1880-1884.
Prices ot Railroad Stocks, 1880-1884.

-

Cargill,
COTTON BROKERS,

JOHN STBKET. NEW YOBK.

Prices of State Securities, 1860-1884.

RailroadM and tbelr Securities—

.

&

Alexander

S3

Moist Letter Copying Book
MANUFACTUBED BY

Neir Torlt Stationery

ani* Liverpool.

NORFOLK, VA.

1856.

Eugrene R. Cole,

Mo.

& Co.,

PEARL STREET,
NEW YORK.

New York

IMPORTEItS OF I HON TIBS.

ESTABLISHED

Production, Consumption, Exports and Imports of Gold and Silver in Uie United
States and abroad.

Hopkins. Lucius HoPKiNg Smith.
Chahles D. Millek.

C.

No. 134

'

Gold aud Silver-

and sale ot

COMMISSION MERCHANTS

YOBK.

BAOOIJVO AJiO IRON TIES,

ot

Influences,

OU8TAV0S

ic

Toivels, (guilts, Wriilte Goods Oc Hosier*

United States— Foreign Commerce, Trade
Balance, U. 8. Exports and Imports of

Tbe Money IWarRei—

Special attention Klven to the purchase
Future Contracts.

Co.,

PRINTS, DENIMS, TICKS, DUCKS,

i'uniinerclal—

NEW TOBK.

Orders for Foturk Contracts Executed ib

Fabyan &

BLEACHED SUIRTING^
AND SHEETINGS,

BRO\rN

Returns, &o.
Market and Bank Returns"

London—Review

No. 61 stone Street,

Motley, Hopkins, Dwight
C O T T O W
BOSTON.

New Tork, Boston, Philadelphia,
SELLING AGENTS FOB LEADING BRANDS

New York City— Bank

(when aeul by Mall)

Cotton Broken

Cotton Commission MercliantB,

.

CONTKNTS:

Poslaite

4s Co.,

A Co.. New Orleans.

CHAtTNCZT STBIIT.

40BNT8 FOB

Ketroapect or 1884.
nercauiile Failures.
Baukliig and Fliiatictal—
United States— National Bank Figures and

Price at the Keview, bound In cloth, • 9*
To Chronicle Subscribers (one copy onlT) 1

Buck

tn itook

Ocean Mills Co. Atlantic Cotton Mills,
Peabody Mills, Clilcopee Mf^. Co.,
White Mfg. Co..
Bllerton New Mills.
Saratoga Victory Mis;. Co.,
Hosiery and Yarn Mill

Bliss,

Debt of

CO.

,

Investors.

.

Liverpool.
Messrs. Samuel H.

SELLING AGENTS FOK
Geo. H. Gil ert Mfic. Co..
Freeman MIk. Co.,
Arlington ITIIIIh,
Henlrew mis. (;o., Jameit Phillips, Jr.
Fitchburs; Worsted Co.,
Continental Mills,
Ceoriee Wiiltiioy,
Liucoln Mills.
BOSTON, 31 Bedford Street,
vrw KOKKjgg & 60 Worth Street, and
niuvi vnwK-JSS
^ 37 Thomas Street.

Bankers,
s^tock Brokers,
Merchants,

Bank Returns,

CHICAGO BOABD OF TBADB.

the

CORUESPOMOEHTS

WIdthi and Colon, always

FOK

year.

at

Brown Wood & Kingman Robert Tannahill & Co.,

FINANCIAL INFORMATION

Articles.

snd

CiRAINI A:VI» PROVISIONS
thoNKW YOUK I'KODUCK E.VCIIANOE aa<

No. 109 Dnane Street.

OF

l.eadiuK

NEW rOBK COFFBH BXCHANOK.

Mesan. Smith, Edwards

UNITED STATES BVNTINO

A YEAR BOOK

lx)udon—Money

COFFEE

at the

BAGS, "AWNING BTRIPK8.
Alio, Ainnts

ISS 5.

c o T T o»r

BttheNEW YOBK. I>IVKBP0OL AND NEW OiU
LEANS COTTON KXCIIANOES. Alio orden for

kinds ot

CANVAS. FBLTINQ DUCK, CAB
COTBKlNG, BAOOINO, KATBNS DCCK. SAIL
TWINES, Ac, "ONTAIUO" SBAMLKSB

OOTTON

Financial Review.

Co.,

8 Soutlx William St., New York.
BXKCUTB OBDKKS FOR FUTUUH DELIVKBt

Co.,

Manntaoturars and Doslen In

10.

&

COMMISSION MERCHANTS

A.

ST. LOUIS, Mo.
Muiafsotann' Agenu for the sale of

ORATZ
Jata Bagvais

IMPORTERS OF

IRON COTTON TIES.

,

THE CHRONICLE,
®0tt0tt.

Woodward &

[Janttary

©JOttWU.

ltisjcellatije0ixs.
MiaUer 1: Match.
W. T. BateA.

Stillman,

MERCHANTS,

INMAN, S W ANN& Co

NBTV VORK.
MADE ON ACCEPTABLE

tjOANS

8ECURITIK8.

COTTON MERCHANTS,

tfxoiAL Attention to Orders for Contilacts
»oa Future Delivery of Cotton.

a. c.

&

4

STONE

STitEET,

NEW YOBK,

14

mEinPHIS, TENN.

& Gwynn,

Special attention paid to INVESTMENTS and
accounts of COUNTRY BANKERS.

G. E. Staenglen,

195 Broadway, New York City.
Company 1st Day of Jan., ISS-'S.
CASH CAPITAL
fl.OflO.noO 00
Office,

statement of

NEW YORK, NEW

ORLEANS,

Reserve for unearned premiums
Reserve for unpaid losses
Netsurplus

&

Co.,

COmiHISSIOlV IHERCUAIVTS,

OLD SLIP,
NEW YORK,
AND NORFOLK, VA.
NO.

12

Hf" Special attention Kiven to the execution of orders for llie purchase and sale of Cotton, Grain, and
Provisions for future delivery. Orders al^o executed
on the New York Peiroieura Exciian^e and Stock
Board. Liberal advances made on consignments.

Price,
Cotton Brokers

&

Reid

Co.,

& Commission Merchants

N0UF01.K, VA.
Liberal advances made ou Cotton consignments.
Bpeclal attenttun given to the aalo of cotton to
arrive or in transit for both forelKo and domestic

Correspondence Bolieited.

markets.

Gwathmey
No. 123

PEARL

&

HOME

ST.,

NEW YORK.

Orders for future deliverj of Cotton executed In
New York and Liverpool also for Grain and ProvlBlons in New York.
;

Tuttle

&

Wakefield,
C O T T O Bf

And General Commission
84 Beaver

St.,

Mercliants,

New York.

Liberal advances made on cotton consignments.
?pecia attention Kiven to orders for contracts for
fgtpre delivery of cotton.

&

Henry M. Taber
PEARI.

141

ST.,

Co.,

NEIV YORK,

Co.,

WARE & SCHROEDER.
COTTON COMMISSION MERCHANTS.
POST BUILDING,
16

&

18 Excliange Place,

New

York.

LEHMAN, ABRAHitH & CO., LSHMAN, DURR &

New

Advances made on ConslKnments of Cotton. ConFuture Delivery of Cotton bought and
loid on commission.

JOHN

H. CL.ISBV

&,

CO.,

COTTON BUYEES,

EXCHANGE PLACE,

MEMBERS OF THE COTTON, COFFEE AND
PRODUCE EXOBANGEH.
Up-town office. No.

SO* Church
Nenr York.

Street,

Orders executed at the Cotton Exchanges In New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to otir correspondents In Liverpool, Messrs. U. Newgass ^ Co.,
L.

Rosenheim

Sl

AI.A.
PUBCHABE ONLY ON ORDERS FOR A COMMISSION

Wiiiiam H. Beede&Co.,
No. 5

COTTON BROKERS,
and 7 WIl,K,IAin STREET.

Special attention Kiven to orders for the buying
selling of Cotton for 1<'ctubk Oeliteuy.

and

Dennis Perkins

&

Co.,

Orders for Spot Cotton and Fotorei

promptly

OF HARTFORD.
Assets January

1,

1885

and re-insurauoe fund
Capital

2,010.026 85
4,000,000 00

NET SCEPLUS

Mohr, Hanemann & Co.
New

York.

JAS. A.

93,964,400 55

Orleans, La.

St.,

&

New

ALEXANDER,

North

GRAVIER ST.,

New

$9,013,517 10

.

for unpaid losses

Liabilities

No. 3 Cortlandt

133 PEARI. ST., 186

17,395,090 56

Company

Insurance

H. W. Hanemann.

York.

Afceut.

British

Mercantile

Co.

Ins.

OF

LONDON AND EDINBVROn.

Spboial Attention Givbh to thb Execution

OF

OEDEES FOR FDTtJEE CONTEACTB.

John C.

Graham

BANKERS

&

AND

Buyers of Cotton for a Commission. Orders for Fu
tore Contracts executed In New York and Liverpool.

B.F.

United States Board of Management,

NSW

Co.,

COTTON COMMISSION MERCHANTS
No. 18 'WUIlam Street, New York.

YORK:

Solon Humphbkys. Ch'r'n, (E. D. Morgan & Co.)
David Dows, Eaq. (David Dows & Co.)
E. P. Fabbri, Esq. Drexel, Morgan & Co.)
Hon. B. B. Chittenden.
Ezra White, Esq.
J

J.

ASTOR, Esq.

CHAS.

E.

WHITE, SAM. P. BLAGDEN
ttASAGMBa

Office,

64

UruUam

St.,

New

York.

BABCOCK&CO.

IT ^Vater Street, LIVERPOOI.,
Receive consignments of Cotton and other Produce
and execute orders at the Exch-inges In Liverpool
Represented In New York at the office of

SAM'L D. BABCOCK,
82 Nassau Street, N ew York.

Fellowes & Tileston,
COTTON, STOCKS, BONDS, Ac,
NEW

COTTON BROKEE8,
135 Pearl Street, New York.

IHSS

-(ETNA

Sons.

Wm. Mohr.

1,

J. mARTIN, Prenldont.
J. 11. IVAiiiHBtJRN, Secretary.

CHAS.

commssioN merchants.

COMMISSION MERCHANTS,

inONTGOmKRY,

Cash Assets, Jan.

LEHMAN BRO'S,
Cotton Factors
AND
No. 40

og

2,S47..')R5 no
Reserve for Unearned Premiums
Reserve for Unpaid Losses and Claims.
4 .'^.798 64
Net Surplus
1,141,726 91

CO.,

8BLMA, ALA.: MONTGOMERY, ALA.
tracts for

OF NEW YORK.
OFFICE 119 BEOADWAY.
CASH CAPITAL
JS.OOO.OlKl

Montgomery, Ala.

Orleans, La.

Company

Insurance

Successors to

and Messrs.

Bloss,

&

Schroeder

Fergus Reid.

Theo. h. Fuice.
Late of Eure, Farrar & Price.

6^0.991 18

CROTrEI.1., President.
WM. R. CROWELL, Vice-President.
PHILANDF.R SHAW, Secretary.
WM. CH.VKTEHS, Assistant Secretary.
FRANCIS P. BDRKB.Sec'y Local Dep't.

Pald-Up Capital, E. M. 6,000,000.

COMMISSION MERCHANTS, G.

Rountree

2f*7.Ma7 t-7

STEPHEN

COTTON COMPANY OF STUTTGART.

AND

yORK.

2.390,085 97

..

»4.343,430 86

Authorized Capital, E. M. 20,000,000.

16 and 18 Excbange Place,

.

AGENT FOE

COTTON FACTORS

NEW

6k^"i;"l''s'ty,Te'w'*Ha^re„

Phenix Insurance Co,
OF BROOKEYN,

cotton buyers,

Post Building,

Sons,

BANKERS,
NASSAU STREET, NEW YORK.

WANTS

VON GUNDELlT"* MAYHOFF
Fielding

BauH.

—with Interest upon balances.

"Svw York.

von Gundell & Mayhoft,
COTTOIV BROKERS,
Nob. 2

jH.

Personal attention given at the EXCHANGES to
the purchase and sale of STOCKS and BONDS for
cash or on mur^iu.
DEPOSITS RECEIVED— subject to check at sight

charles mayhoff.

ton gundell.

W. T. Hatch &
BRANCH 0™i0Es|.i3g

Cash Adrancts Made on Omisignments.

COTTON, Abli GRADES, SUITABLE TO
of spinners,
Offered on terms to Suit.

Henry

Arthur X. Baiek.

^'ath•l

.

Post Building, 16 & 18 Excliauge Place

31, 1885.

25 WILLIAM STREET,
YORK.
Orders in " Futures" executed at N. Y. Cotton Exch.

G ommercial
LJnion Ins. Oa
iOF LONDON^

ALFRED

Waldron & Tainter,
COTTON RIERCHANTS, Cor. Pine
87 PEABIi STREET.

PELL,

BesideTvt llanagtr.

& William Sts


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102