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1

1

.

11

xmuk
HtJNT'S

MERCHANTS' MAGAZINE,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATEa

VOL.

SATURDAY, JULY

41.

1 1,

NO.

1885.

statement covers the month of June and the six

January

The Commercial and Financial Chronicle m
New York eeery Saturday morning.
[EntoTod at the Post Olltoe,

iU

JOH.N

(J.

7s.

£L88.

NEW

CLEARING HOUSE RETURNS.
exchanges the returns in

In the pres

-nt btateraent of
for both years, cover

and

cases,

only

five business days.

all

The

is dec dedly more satisfactory than any of late date,
the figures at moat of the cities beins; in excess of those for the
The comparison with 1884 is quite
full week ended Jane 27.
f-ivofdhle, the p-srcentase of loss reaching only 79 per cent for
the whole country, while outside of New York the increase is
8*3 per cent

exhibit

Wttk EruUng Juiy

Per Cent.

1884.

t434,T09,aS5

New York

Week BtKjlno Junt

4.

(552,672,883

-133

1885.

27.

PerCWil

(1,851,7B8)

(1.68H.255

(-28-8',

(181.000

1390.100)

(-58-7)

(Oraiti. . .tnutielj)

(23,874.000

(26.761 .0<X)l

(—10 8l

lPttToUum.JMt.)

(9?,0»2.0(KI>

(52,3 3.000)

»87,7-.i5,212

164.227,444
3,»iM.l00
2.193.501
1,220,612
97H.300

('7>tto?i....(»il«i.)

Boston

r+76-U)
T-5-4

Worcester

702.736

S03.548

BprlntfUeld
Iiowell

697.4

eftS.4tt8

-1-6
-14-5
-19-3
—20-9
—12-6
-10-6

894.M40

40r,l4S

-80

76.955.20 ;

(71,459,116

$46,723,108

5

151,512,704
6.818,010

ll,7..7,385

11,374,091

ProTtdencfl

8,t<0«.l-

Banford

1.1-74.780

»*i,r?i

New

llaren
Portland

Toul

7e«.3;ii|

N. England

Philadelphia

6,^02.5

Pltt«turfe

Baltimore

|85,19.'.9-8^

Total Middle....

(47,4(i8.446

Chloaeo
Cincinnati
Ullwaitkee...
Detroit
Indianapolis
Clereland....

.

Cdombaa
F*orU
Total Western..
St.

St.

0;

Loala
Joseph

Mew Orleans.,

(41,363.4411

470

7.827,650

8, :69,)I50

4,i8H,9l7

3,56.1,000

2,702.1*78

2,410.196

—4-2
+20-8
+ 121

1,014.806

t,3tS6.2<l3

2. 102.860

1,256,806

1,407.649

57'1,B55

7U,361

On

Torki

(-532)
(-60 61
(-72)
(+2 0)
+3-4
—12 2
-11-9
-13-2

+8'S

4;i.:ct0.760,

—3-5
-13-7
-9-7

27.>67.99"|

— S-4

2l,Nt6.'M

-t8-4

20.01».014;-10-1
10.3y8,195 -SS

+ 11

Tot. N. Bdr.

316.404,626

292,B86,973j +8-1

1,839,939,267

1.922.931,553

Philadelphia..

193,331,306'
3",715,771

20S.S66.203
3".4«;.709
47,043.519

—4-9

1.09'^.472.224

l,?6a.l97.00: -19-9
2Td,7K5,.S69 -37-8
823.167,146 —8-8

90,

PittsbarR
Baltimore

45.2d4.ii91i

l,9i<9.9j6|

+0-7i

-3-7

171,9:ill.>'32

291,697,363

12,834,199-100

-4-3

Tot.Mlddle.,

271,341.971

282,897,431

1,568,109,419

1,865,149,520:

-205

—

205.145,3.13
3.1.372,150
15,395. 920

186.944,,775 +9-7 1.06.8,506.456
6-8|
217,iOO,100
35.9.'2.,150
11.H62,,4.54 t5-o:
87.72:4,1182
68,656,539
10,466,O40I -t5-0|
80,7n6,28H
7.467. •216 -311-9
47,787,436
9.4»4. ."jfll
.••3,211,328
5,«»>..720 +B-4
16-5
19,ll«.10i
8,645,.ars

J,161,872.«2ol

-80
—70

r'hlcajfo

Cinulnnutl

Milwaukee

...

lO.HSW.WW

Oitn.lt

—

5.1')l.f<83

Indianapolis..

Cleveland
rolunibus.
Peoria

.

8.VM0.346I

6.201,270
3.012,094

..

ii33,6fl-<..S5o

—0-7
—4-0
-25-a
-9-6
-2-7

8~.-21l9,H«l
63.2.'i9.142

,19.786,230

-50

.%,>SB7.:!»H

34.1i-l,77»

—

2'2.82«.4Sl!-16-8

-7-8

l.f.08.01 1.049

274,392,588

i-e'9

1,565,969.234

61,130,fH21
4.ii07,0n8|
21.l.-4,Mi0i

68,670,187

+4-8
+44'3

3fl0,507,7-9
17.i77,w71

189.0»».O93

Ltfutsvlllo

17.8110.7:17

18.ll7-,!.2ii5

-1-4

413.857,904-10-6
10.590.007—12-8
261.643.105-24 9

108.26MKN

IIH.751.4.14

Kansifs C-ty...

2(P.a«6,433l

13.4-24.043
l',732,989

+510
+42-6

101,03«.668
84.906.705

Tot. West..

St.Lonla
Sr. inseph

.

293,292,334

...

Orleans..

Memphis

3.925,803:

2,7-.B,B53
2-2,91n,30<i

—7-i

—7-8

76,898,928 +35-3
30,9i;0,34«

+12-7

Tot. South...

128,333,022

118,012,437

+8 2

822.969,294

009,807,727

-B-B

San Francisco.

44,732,34?

41,261,891

+8-4'

273.650,387

a67,65'i,771

+8-1

Total

-I2,976.4 10.876 3,406,705.485 -1-2-6 17,931, 11 1,4K0 24,«17,316..'M2 -87-1

all

Outside N.Y.. 1,054,105,1951 1.0i'9.991..S2'

We

—

+6-3' 6.0M.'-37."0ll 6.7B3.21i2.«2n -10-.

a

-31
-14-9
-8-4

-5-5

Six .VontHs

June.

DacrtftUm.
Pttr Vaiue
or Qutintit)!

+1-6
Stock Sh'r's

4 438.755

Vain. J103.5 22.09
*4S.I.'4,:10I
bonds.
*2.57n.4IK)
Gov't bond*

R R.

bonds
Kanit »t,#i kA

^'87,(1

StJite

-£3-3

-10-7
-2i-2

1,2«(),7j5

^O.jOl

!i4tvr', <

Price.

Valuta.
)

273,72.5.723

675

!

Par Value

Ac^vuU

or linanttty]

Yulxte.

3.1u:?37:m!1

«2S.453.486' 69-1
*3,0 11.33;! 1 18?-.VS.9:W 68-4
S47.S.SK, 131-9

*2().s.590,OI«)
«S,4.'.9.

'

00

:

(2,53'.400
(470.1251

rer^Qt
Price.

4

2,143.310,500

688

(139,104.908

66-7

t9.999.0if3 1 1 8-2
(i.l:i.77ll 46 1
(.•iHH,74ol 114-6

251,!6i.(K)0 $2U,H9'l,9.'i7l M4 l-.lc l,5in.51».Oiiol|.191.-2()».67li'78 9-10
1.4i»l..i00
-2..V2 1.460 ?.^1 78
8.«IS.4"0 $49:l.l«I.^M0 f.'iSSO
7-10
188,(197,816 (il3.9l9,2;S ,S8 19-'2flj
9'23.791,-2-23| S7»-2,-247.5^2

IVir'l'uj.bbls

Our

K)

Actual

W

(706,89«,OOU|

|4,76i),«63,555l

I

t-legrapliic returns of clearings for the five

+31 this (Friday) evening are quite satisfactory.

days ending

m

true that
those for the

It is

show some decline from
most
-191 previous five days, but this is not surprisinir, as in consequence
of
the
holiday
last
Saturday
the exclianges for previous
+0-3
days were somewhat swollen.
It will be noticed that at all
+8 8
-1 9 cities, excejit New York and New Orleans, some increase over
-3-4 1884 is exhibited, and that for the whole country the excess
+5-4 this year is 4'4 per cent.
+688
Hm DOf Bndlnt July .10.
6 U^yt SnA'Q JxiXy 3.
+ 60-6
+8-2

4,617,049
846,390

127.907.111

(24.9^4,41-3

+120

(27,521,422

+10-8

ni.75B..388

(10,826,643

+8-6

(8.501,100

-9-8

-7-9

(671.291.121

-19-1

"+?2"

(221,212.200

New York

9H,,7kI .8(j0
3«, 113,,023
no.,924,,T-3
22,,01 3, 14(i
17 ».«9,,978

cases the figures

1885.

New York
Sala at SUxk
Boston

Ifkt.)

Philadelphia..
Baltimore.
Clilcaao

,

1884.

(399.140,6731
(807,042;
63.669,889
+43.300,000'
10.8I4.3«1|

188S.

-0-5
(1,337,0101 (—3961
+20-4
49,821,787

(401,285.8851

50,288,237
9.338,009
35.58S,000

[

I

(481,708,8661

Per ant
+10-1

(1,091,383)

(-ir4)

67,728.842

+38-8

+104

46.72.1.10S,

+16 8

11.767.S35

Stock Exchange the market value of
40.371 .000;
+18 6
shares sold is $7;i.32S,00J, against $91,738,000 for the corres- St. lA>ula
13,19I,>,(11
+l»-6
15,770,832
iwndinx five days la-t year.
New Orleans...
-806
4,046,041
6,099,887
The exchanges for the month of June show a decline in the
+4-4
Total
(877,142.739' (632.817.2 16
aggregate from those for May of about $22,00f),000, but during Balance, Countrj*
57.805.897'
+4-8
60..136.983
the same penol in 1881 the falling off reached over ll.lOil,ToUlall
(6'8.I83.-23U
(634.9 8.6.16
000,000.
The loss this year, however, is entirely at New York,
as in the balance of the country there is an excess of more Outside New York (235.80;.963, (2<)6.»47.U5| >14 0"
thin 153,000,000 over the figures for May. The following
• IBstlinatedoo the basis nf the last weekly returns.
the

I

:

603.511

"(243.538.59;

,4' 12'

Lowell

1.08 J.86

4,479,075
3.848,215

—

—01

210

..

-257
-ISO

597.663

l,6«.1,fll9,M3
1 14,!!9 1.000

18, 212,,872
II ,550,,820

Sprlnfffleld

Total value

1.95'1.600

,«!.")

25,1.827.7901 +901
«-4
17.10:1.700
5,lM7,74Mi l-28'6
4.47., H.39'
s.ion.iim' 48-7
3,1 14.7601 —0-0
2.vii8.0Wl| -fO-9

continue our compilation covering transacuons on the
-80 various exclianges of New York, brin^^ing the data down to
-17-5 the end of June
-122

-11-3
+7-7
+69-6
+25-6

(248.79L3^

.>54

+144

(13.191.043
738.630

,47/

H55

Hi^rlland
Worcesl^-r...

2.4H4,2.SS

—l-l

( 796.21

New Haven.

8,513,160
2,964,304

669.118

(733.500,6113

—

,500

Cotton. bales
Uraln...bush

061.ISS

833.175

,664'

+1-2
+1-9
-12-6

(40,.106,769

(59.217.398

2.48».0»H

New

(58,229,756

+4-0

4.917.10'

Outside

(11,999,136
e,0j7,4
9,123.143

+123

4.397.9 6

all

896.199
748.688
657.954
613.677
399,209

(64,124.448

4.7:1").8I2

Total

1,W5.913

(ll,-.77.727

4,181.667

I

(62,009.886
3,187.900

(1 3.223,675

KannasOltr...
Total Southern..

(90,820,000)

(66.g,S0.e31

Loulsrille

Ban Francisco

+61
+36
-5-8

1,829.3 3

(316.0001

(69,769,436

-9-3

|69,204,b95

4,2e«.!i00

Memphis

~^~

(1,237,184)

(25.36.1,000)

(

1,6M,,322 895

2,39e,714,10D!-19-8 11,886,473,859 17,864,034,228 - 33-4
1,922,335,681
2,335,1!

..

PruTidenee..
lartford

New
(448,053,921

SaU9

of-~
{,Stoela....$1vva.)

»

I

B. DAIVA & Co., PiibllHhersi
DANA )\riI.I.IAin
S
7)* ^k Si William Street,
V'OKK.
FLOVD.
Poar OFfici; Box 958.
)
B.

1884.

1885.

P. ex.

1884.

Boston

10

£2

since

Six Months.

Jane.

Now York.

month »

:

(

$10 20

Auiiual Bubocription In London (lucludlu? postage)
Six Mus.
do
du
do

irn.UAM

and 1884

New York. N. Y., as second class mail matter.]

Terms of Snhscription— Payable in AdTanre:
Moiitlis

1885

published in

ForOiii- iniir (inoludliiK postagii)

ForSU

\ in

1,046.

+ 0<

47.488.0001

+33-4
+36-1

18.2-23.675!

+450

4,03»,807i

+80

((r:5.«78.&32.

+14-4
-0-8

43.«77.6»4

(718.064.1'i6
(8.14 .244.791

* Kstimiiicd.

~418-4
|

+208'

1
1

THE CHRONICLE.

34

XU.

[Vol.

form these returns are more expressive than in the
weekly form, the longer periods for the comparison giving
local or special influences less chance to affect results. "We
this

THE FINANCIAL SITUATION.
The money market has

this

week returned

conditions and the stereotyped quotation of

old

to its

per cent

1@1^

do not mean that the situation these

any-

totals disclose is

unenterprising one

we have

along

for bankers' balances again prevails, with the bulk of the

thing but the

per cent, the higher rate being exceptional.
The rate was, however, spurted up suddenly
yesterday afternoon to 2 per cent, but it fell back almost

sumption that the worst has been reached, and therefore

business done at

1

3@4

per cent, although willing to

accept 2 per cent or less from

regular customers offering

Banks ask

immediately.

This relapse in rates has occurred precisely
anticipated it would last week, the exceptional

fair collateral.

we

as

dull,

all

been suffering from; but simply that they raise a prea hint of reaction as

afford

passes

and we begin

to harvest

in the aggregates for the last

soon

season

the dull

as

our crops.

This

two months, and

may be seen
an extent

to

perhaps in those for the previous two months, as indicated
in the following statement for the six months.

and the payments of the Govern,
ment for interest having been completed and gone into
bank so far as this centre is concerned. To- day's bank
inquiry being satisfied

return should exhibit the full effect of these disbursements.

A movement of

about $1,000,000 gold to Canada

to

is

noted this week, but that has no particular significance,
being

made

in response to a

demand

for coin needed

The cable reports discounts

satisfied.

of

1

in

if

at

bills.

demand

ten days there has been a slightly better

1885.

PrCt

1884.

i
j

January..
February

3,312.047,658' 4.821,188,754

-28-3

2.773,4»3,0oi![ 4,023,766,828

—Sll

2,088.084,408] 3,96S,316.018

-24-7

it

March...,
April

2,901,839,088: 4,0l)0.945,262|-28-5

1,038,650,345

1,093,180,880—10-8
1,158,015,034-10-8

May

2,988,505,478: 4,3.13,400,554—33 9

l,000,6ti8,X«5

l,a04,l«4,13l|-16-9

June

2.97«,440 876l 8,406.705.42a|-12-B

1,054,10.'),10S|

1,009,90'..320| -fB-3

6,004,637,801

6,763 2t.2,62«

by

,

—8-2

1,127,370,062! 1,241,308,007

873,317,3151 l,05e,02-2.888!— 17-3

975,326,489

Total8mO8.;l7,951,lU,460:24,017,3I6,812l-271

— 10-3.

not quite

London

per cent for 60 day and three months bank

»

Ctearlnta Outside AVio Tork.

PrCt

1881.

be

the Dominion Government; in the opinion of the shippers

the inquiry for the present has been nearly

Cltarlnos Total All.
1885.

For the four months from March to June, inclusive,
For the above totals are certainly quite constant, and.

^@^

there, in

the

especially for

last

two.

Or, leaving

all

other

points

New York

out

consequence probably of the movement of bullion to Ger-

the

many, which, although in progress for about three weeks,
has not until the last fortnight exceeded the receipts from

not uniform are at least suggestive of improvement, the
being the largest of the three, and in excess of a
year ago. "We think this conclusion also conforms to the

the interior.

figures

for

three

for

months

if

last total

among merchants, almost
though there may be but little gain in
drawers, of the nominal sight rate to $4-86^. It is asserted transactions from month to month, there carlainly is no
by other bankers that this rise was not justified, and as loss, and as compared with a year ago a bettar bu-iness is
In foreign exchange no material alteration has occurred,
advance on Tuesday, by one of the leading

reports one obtains from inquiries
stating that

except an

all

proof they point to the fact that the actual rate for

doing, while with

the

shortened production values are

demand sterling is nearly one cent per pound below the becoming firmer. It is of interest in the same connection
above-named nominal rate. The price of long sterling is to compare the present situation of the e.xchanges with
posted by
business
all

all

is

around

at

$4-85, but concessions "are

done as low as $4-84.
is downwards; and it

In
is

fact,

There

sterling,

the

is

;

regarded as almost

certain that a further decline in the rates
place.

and that existing in the year preceding specie payments and
for that purpose, therefore, we have
the tendency in subsequent years
liberal,

will

soon take

arranged the following, covering the years since 1878.
EXCUANGFB FOR

no particular pressure of commercial

principal

being

offerings

expected shipments of cotton
crop will begin to move in about 30
against

futures
;

.SIX

MONTHS, JANUARY

(000,000s Omtltea.)

drawn New

and as the new

week

now should

Baltimore

increase the amount of these offerings.
St. Louis
Such an abundance of idle capital as the foregoing New Orleans...
San Francisco.
facts
indicate
for
coming months,
with
foreign
Total
exchange continuing to rule low, are conditions obviously other cities

therefore no surprise that they

enterprise, and it is
encourage that expecta-

Total

Outside

1882.

1883.

I88I.
_

1878 TO 1885.

1,

1880.

_IJ

1

1879.

1878.

11,886 17.854 18,704 22,799 20,077 19.288 12,387
2,124' 1,648' 1,222
1,006] 1,664| 1,785
1.809J
1,093 1,368 1,391 1,37«| I,360| l,22i
891
323'
358'
337
3141
295]
250
824i

9,831

533
287
205

453
224
239

261

273

Chicajio

favorable to a growth in legitimate

1884.

TO JULY

_

Vork
Boston

Pbiladelphla...

days, each

1883.

1

l.lSli

1,231

1,083

413J
852|

437
271
284

418
253
299

370
189
271

268;

788]
315,
258:

2551

262:

1,123

813
244

16,783 23,303 iM,440 28,361 31,745 24,063 16,016 18,221
1,168 1,314' 1,216 1,1431
079'
571
581
17,851 24,617 25,656 29,503 33,724 '34,832 18i587

all

New Vork

8,063] 6,763

6,959

8,704

6,047

6,568

1U,7M

4,200

3,931

Of similar influence is the news of the week respecting
crop development. The loss in winter wheat is a historical

N. Y. cleurlnf^s, leas doable
stock sales

And yet even in that case there is some
evidence that the results may possibly be less disastrous
than reports claim. But with the exception of wheat

Leaving out Xew York (where the clearings jumped
up about 7,000 millions in 1880) it will be seen from the
foregoing that the totals for the entire six months are even

tion.

fact

now.

7,800 11,019 18,738114.780 10,667 13,743

9,550' ,<1,0571

there

is very little unfavorable that
can be said other this year 500 millions in excess of 1880. Since then, ther(aj
than local harm from local storms. To be sure, corn is have been wide
variations in the figures concurrently witl^
late, but as we have remarked on previous occasions
good the rise, sontinuation and subsidence of the speculations
weather will change all that, and this week has been hot that followed.
But only when we take into consideration
and favorable, so that excellent progress is being made the growth in
population since 1880, and more especially the
while the best information shows that the acreage is great
development in the country's activities and requiredecidedly increased in important States.
So also respect- ments when fully employed, are we able correctly to read
ing cotton, all the latest news is extremely favorable,
this statement and appreciate the severity of the depression
giving assurances of the largest yield on record.
The we have passed through, and the apparent check now to'
truth is, all kinds of crops are doing well in the
Sjuth, the decline.
The depression cannot in any manner bo
and the influx of buyers this week in our markets from
measured by a comparison with the transactions during ti<
the South and Southwest is a reflection of the improved
years prior to 1880.

prospects in those sections now.
suggestion of some promise

A

drawn from the monthly

clearings

The

better

feeling prevailing continues to be refleciur

may perhaps also be in the stock market. Of
we publish to-day. la rumors have been the basis

course,

for the

special

influences

improvement

of spi

oi

—
July H,

THE (;HR0N1(XF.

lt«)5.1

As

I>

Vanderbilt,

the

instance

for

Pennsyl-

OmoM

35

iwe.

F.AC.

1*4.

18^

IHN.

t

t

IHW.

i

Taiiitt

of
II

aud West Shore

being in progress respecting a settlement

negotiations

one lump of

the differences between these three

all

systems, and, as a sequence, of
'i'hough there seems to be

lianges

<

were stimulated by reports

securities

all

trunk line disturbances,

good reason

for supposing that

these properties have been in contem-

affecting

certainly very difficult to believe the current

[ilation, it is

Would Pennsylvania buy a parallel road, and if
would it be likely to do it in such a way as to lift
what looks a little like a heavy load off the projectors'
backs at their own price ? Or granting that, what evidence
IS there that Pennsylvania has the power to turn over
West Shore to New Vork Central, admitting that the
Central wants West Shore? Or, if it has the power,
would it be likely to sell West Shore cheap to Central
(the only basis on which Central would purchase),
and then buy South Pennsylvania at a full price
rumors.
-0,

in return?

where

now

tion

thing
result

If

such

nature of the arrangement,

the

is

We

the reciprocity?

is

makes

in progress

it

admit that the fermentalook amazingly as

some,

if

t

Oroiu

«»'•

Op (XPMMM

«.0«7.IW»
i.ian.«»«

VatMn'*.

IUS,0V4

>,(Mn.«iM

t.1«4.4Sl

l,tM)0,»3l

JXIW.ftSS

l,»H,0(»

ljUilJI»

1,U(M.8M

io,a««,iM io,flM,iT«

»,T»t.au

2.lllKI,N!m

t.mi.riis

l.Wl.OOUl

l,«94,IOIt{

M 4a,7W

i,uii,aus

S,4»7,7«7

Jan. 1 (0
JTaySl.

Grou eun'i
Op.expanie*

g,Me.i84

WSMSa

e.3»i,9r7

(1.4I.1.MN

6,»74.UIM

0,8111.984

B,H3U,19«

e,gio,OM
4,H44,0M

K«t wrn'ii.

«.HT4,li07

S.H40,8ia

5,021, 1'i;'

4,«i3,94al

asHsiroi

4,060.050

Here we see that under the combined influence *of
declining gross earnings and increasing expenses, net earnings have

dropped from year to year,

till

now

only $632,094, against $1,407,328 in May, 1881.

they are

There has

been some change in the method of keeping the accounts,
so that on the 1880
little

1883

to

figures the comparison

the present year, but

unfair to

we

is

a

that for

notice

May, 1884, the difference in net earnings between the old
and the new plan is only $51,638 that is, the net was
that much larger by the old method
and thus the difference is not sufficient to affect the value of the comparison

—
—

On

with the earlier years.

months

it is

a

little

the

operations for

the

surprising that the

five

company has done

was brewing, out of which a settlement might only $33,362 better than in the exceptionally poor period
of the West Shore and other difiSculties hanging of 1884, when snows, wars of rates, and pretty nearly

lines.
And yet is not one compelled to everything else, conspired to reduce net earnings. In 1883
admit that Judge Green's answer put in this week in the it will be noticed the company had net of over five millions
In 1884 and the present
oreclosure case does not look as if such an end could be according to the old method.
cached within any reasonable number of years without year the accounts made up in the new way show net of

over the trunk

:

Company

laking the North Kiver Construction
)ther influences

'

underlying

have

movements

these

all

other

affected

:mes are in store for

us,

and

if

is

a party.

the

only about $2,800,000.

But

Chicago Burlington

idea that better

reports smaller net in

May

many

that case, the decrease

is

properties.

so that prices of

locks are low.

not been doing so well

Pacific latterly has

year than

this

last,

Pacific,

and, as in

be ascribed to an increase in

to

In

the cost of operating.

Union

Quincy, like the

tt

fact, the

Barlington

& Quincy

even more attention in that respect, since the gross

attracts

Union
income statements are a criterion of its operations. The earnings of the road increased, while those of the Union
xhibit for May has been issued this week, and shows a Pacific had decreased and helped in small part at least to
By reason of this gain
urther heavy loss in net, even after a heavy loss in 1884 bring about the reduction in net.
lud the years preceding in other words the comparison in gross, however, the Burlington's loss in net is quite
if its

;

with 1884
decrease

with small

is

the

all

the loss this year
n gross earnings
IS it is

more

not so

is

We

much

— these have

result of a

the

which makes the present small

totals,

striking.

however, that

find,

the result of a falling off

in

e.xpenses,

vhich have increased $194,428, making the decline in net

The

$226,798.
of

the statement, and

is

understand.

lifficnlt

to

ost of

operating

ional causes

;

or

expenses

increase in

is
it

ostly to operate; or

at

the

is

the chief feature

same

time

a

It is possible that the

its

of the

that

Union

Pacific is

noteworthy, nevertheless, that a road

is

&

Quincy, which has always been

economical conduct of

affairs,

should

coc
now

have operating expenses nearly 63 per cent (actually 62-78
per cent) of earnings.

have been

influences

expenses

which

In good
at

part probably Ihe

work on both roads

to

same
swell

—certainly the systems now cover a larger mileage,

in

itself

adds to the cost of opera' ing, and cer-

are much lower than they were a
new mileage is proving few years ago. The Burlington & Qaincy is very largely
may be due to lower rates dependent upon the movement of corn, but did not in May

merely temporary, due

may be

little

heavier

It

Burlington

like the

spicuous for

diminished only $32,370

heavy augmentation

—only $47,888 —while

quite heavy.

to excep-

tainly

also

rates

the

finally,. it

derive any such benefit from the large crop of the cereal
might materially increase, entailing addi- as was expected. The following will show the road's earntions to the expense account, and yet the receipts from the ings for six years.
traffic be reported less, as happens in this instance.
We Chic. Bbr.
nave no doubt that in some degree at least the latter cir- & QCINCT. X685.
1881.
ISSO.
1884.
1983.
1882.
May.
t
«
amstance accounts for the poorer showing now made, and
t
*
l.Cn5.261
1.679.486
1,809.687
l.ttsi.ia9.009.878
Orosa«arn'9' 8.081.904
ihe contemporaneous increase of expenses shown by the Op. ezpeiues 1.307.163 1.158,498 1,188,116
857.494
9-i5,763
800, ICO
iiurlington
Quincy for the same period, would appear
l,019,58rg!
75J,703
Net earn'a. .774,741
822,«8»
881,756
047,707
Jan. I to
to afford some confirmation of the idea.
Yet we cannot
received for the business done, in which case of course the

volume of

traffic

'

i*c

lelieve that

'

'

things have arrived at such a pass that the

'nion Pacific will permanently require 70 per cent of its

earnings to carry on

The

ratio

operations, as

was the case

in

May.

seemed heavy the previous ilay, when the

per-

centage of expenses to earnings was 60 per cent, but then

we

Man

81.

Gross eani*B. 10,3^.483
Op. expenses

Net cam's.

We

4,:i.H7.380

0..'SSSf3»

9,407,887

7,718,481

7,014.745

7,070.649

S.Stf'.J.elO

5,030.428

4.344.06a

3.W7.815

3,i»l3.0«4

uiLa-w

4.43*1,859

3,374.:!89

3,0Se,VJ0

4.1«3,5«3

4,

here see that the gross earnings are the largest on

the net has been exceeded in 1SS4, ia
and very decidedly in 1880. In this latter year the
ioason for the enlarged ratio.
In 1882, 1881, and 1880, the total was $1,019,-527, while now it is only $774,741,
'•ost of operating in May was less than 50 per cent.
The or $244,786 less. Yet the gross this year is $172,277
following will show the May returns for six years, as well greater, so that the falling off in net is simply the result of
la the result for
the five months ended with .May in the a great augmentation in expenses, which between 1880
^ame years.
and 1885 increased $417,063, Bttt 1880 was reallyexceplad the contest going

on with the Burlington

& Quincy

as a

record, but that

1883,

-

—

THE CHRONICLR

36

Business then was very heavy,

respect.

ia this

tional

low, keeping
while labor, fuel and materials were still very
figure.
the cost of operating down to a low
collected
following statement, made up from returns

The
by us, exhibits the
rency by the

New

W«<* CTXJiBfl Julu

and shipments of gold and
during the week.
banks
York
receipts

$147,000

(938.000

*

ffold

cur-

J93S.00O

and leiral tendera..

..»491.CO0

Gain

»1,100,000

Loss. ..1,100.000

"jl.OlT.MO

Loss.... 1609.000

Gold
Total

the year closed last week, so that its results can thus be
placed alongside of those for other full years.
At this juncture, too, we have the declarations and

10, 188S.

Currency..

To Canada.

The above shows the actual changes in the bank holdmovement to and
ings of gold and currency caused by this
the banks
movement
that
to
addition
In
interior.
the
from
Sabhave gained $2,500,000 through the operations of the
folthe
have
Treasury. Adding that item to the above, we
lowing, which should indicate the total gain to the

[Vol. XLI.

New York

by several leading com-

to dividends

announcements as

Our readers are aware of the recent meetings of
panies.
the directors of the Lake Shore & Michigan Southern, the
Michigan Central, and the Canada Southern, and of the
poor showing disclosed by their accounts, it being however
no surprise for the public to be informed that no dividend
had been earned in the half year. At the same time the
Central announced a dividend of one-half per
cent out of the earnings for the quarter ended June 30.
In contrast to this, the Delaware Lackawanna & Western
Company the week previous declared its usual quarterly

New York

dividend of two per cent, without issuing any statement
indicating that
in the

same

when

l^, as in April,

The Lahigh Valley,

had been earned.

it

line of business,

made

July dividend only

its

the rate was reduced to that figure.

House banks of gold and currency for the week The St. Paul & Omaha, which in April came down on its
covered by the bank statement to be issued today\
preferred to 1^ from If per cent quarterly, announces
another dividend of the former percentage for July, and
Net Clianae In

Clearing

Week ending July

Out of Banks,

Into JSanliS.

10, 1885.

t93S.00«
7,800,000

$1,947,000

"$8,738,000

$6,847,000

Banks* Interior Movement, as above
Sub-Treasury operations
Total gold and legal tenders.

5,300,000

Ban-fi Holdings.

Loss.
Gain.

$009,000
2,500,000

Gain. $1,891,000

after

tllis

will distribute semi-annually instead of quarterly.

The Central of Georgia, in which Georgians are so deeplyinterested, made its June semi-annual dividend only 2 per

The Flint &
cent, against 4 in some other recent years.
England reports a loss of £279,161 bullion
Fere Marquette, in Michigan, will pay in July 2 per cent
This represents £106,000 sent abroad and
for the week.
semi-annually against 3|- previously.
£173,161 to the interior. The Bank of France shows adeBut these are merely some of the more recent announcecrease of 1,200,000 francs gold and 1,365,000 francs
ments in which changes have occurred, taken at random
The Bank of Germany has lost 6,560,000
silver.
from different sections of the country. A better way to
marks. The following indicates the amount of bullion in
illustrate the present era of low dividends, is to arrange
the principal European banks this week, and at the corthe roads in groups, and show the dividends paid by each
The Bank

of

responding date

last year.

company
July 11, 1S«4.

July 10,1885.
0old.

Silver.

flow.

Silver.

S
24,701.341
27.202.327
46.006,167 43,113,100 11,710.872 40,51!i.445
7,531,250 i'2,653,750
7,331.487 22,144,463

Bank of England
Bank of France
Bank of Germany
Total tMs week
Total prevloua week

.

I

Consisting
Duties.

Oold.

Jnly 3.
"
4.
"

6

"

7.

"
"

8
9

Total

$230,147 36
443,675
667,111
366,917
534,269

88
86
44

03

$2,262,121 57

their record for

is

Bmo8.

of—

U.S.

Oold

Silver Oer-

Notet.

Oeriifle'i.

tiflcatea.

New York
N.

1880. 1881.

1877.

Companu.

8

Central...

Baltimore* Ohio....
Lake Ml. & Mich. So.
Midi ff in C-ntrul ....
Canada Southern
'

8«

+10

8

4 per cent of this in Stock.

t

7«
6
7
10
7
3
3

10
8
5
2

a«
3

5

iQoreaae due to oliange of dividend

period.

$10,00 J

$S3,OO0

3,000
2,000
2,000
6,000

197,000
142,000
141.000
194.000

121,000

all

248. 0*10

of distribution

103,000
221,000

pay 10 per cent per annum.

$781,000

»M

8)^

a

8>«

$1-J6,000

$714,00<i

8

10

•8

10

8
6

8
10

Pennsylvania

..Holiday
122,000
275,000
113,000
113,000

$751,000

1888. 1883. 1884. 1885.

y.L.E.& W..pref.

$1,000

$14,000

Here

any other section of the country.
nine and a half years past.

i

The Assay OflBce paid $89,380 through the Sub-Treasury
during the week for domestic bullion, and the Assistant
Treasurer received the following from the Custom House.
Date.

proposed above.

as

with the trunk-line roads, which have probably suffered more from the combination of adverse circumstances dominating the railroad world than those of

73,963,46 83,173.1D5
80.999,122 65.558,190 74,701,OJ1 S)3,822,098
ij0.589,9?l 65,237..'iG

. .

for a series of years past,

We may begin

Without stopping
these there

is

to discuss causes,

only one that

is

we

see that

maintaining

its

among

old rate

—the Baltimore & Ohio, which continues to
The

New York

Central,

against its old rate of 8 per cent per year, has paid in the
last nine months only 3 per cent, and the latest quarterly

dividend

is

at the rate of

THE COURSE OF RAILROAD DIVIDENDS.

vania has given

As

in the twelve

its

only 2 per year.

The Pennsyl-

stockholders 3 per cent in the half year;

months of both 1882 and 1883 they received
Most striking however is the contrast in the
case of Lake Shore, which in every one of the years givew
paid something to its stockholders, and for four consecutive
years gave them as much as 8 per cent per annum, and
in that respect offers a sharp contrast to the condition that which now for 1885 is down to nil.
Then the other two
prevailed only three or four years ago, when all the lead- Western Vanderbilt roads, Michigan Central and Canada
ing dividend-paying companies seemed firmly established Southern, have also again joined the ranks of non-dividend
on their then basis of distribution, and other companies payers. To those having short memories, and knowing
a result of the continued stagnation in business and

and earnings, the
tendency of railroad dividends at the moment, as every
one knows, is toward lower figures, and reductions and
suspensions of the same are quite frequent.
The situation
the consequent decline in railroad

traffic

8^ per

cent.

appeared to have excellent chances of soon joining the the Erie to-day as a defaulter, it will perhaps be a surprise
The change that has taken to find that in 1884 and the two years preceding, that road
place suggests a comparison of present dividends with paid 6 per cent on its preferred stock.

ranks of the dividend-payers.
those paid for a
is

number

of years past,

particularly opportune just

now

and the comparison

since the first half of

A

class of

roads that has done< hardly better than the

trunk-lines, is

the

Pacific

roads and their connections.i

.

July

11,

1886

THE CHRONJCLE.

1

a7

Those have had their own peculiar troubles, not very a hsrdly less favorable account of themselves, as the subunhke however those on the Eastern lines. Their record Joined table will show. It will be seen that both the
Chicago & Alton and the Illinois Central maintain 8 per
is as follows.
OmJM.

OMnjxtny.

AtOh. Tun.
0«ntr»l

Dunv.

8.

en

K.

10

111-,

.%

e

t

lass.

8

m

10
8

7

BW

Aad

10 aorlp.

And SO

:

Itmot,

BH

Ctalcaao

per o«nt In stook.

1878. 1877. 1878. 1879.

A

Alton

7H
7H

8

Do

8
8

pref
Illinois Central

7

8

7

7

•

4

1880.

fl

188L I88A 1888. 1884. UHB.

I
7

7

8

these, the Central

—

annum

1883, and 2 per cent extra in

pay 7 per cent.

Ofntpany.

and Union Pacific, forming the original transcontinental route, have a record
extending back the whole nine years, and both of these
from paying 8 percent in some of the earlier years, are now
paying nothing. The Atchison and the Oregon Naviga.
tion are two new companies that have acquired a reasonable amount of stability. The former has not as yet had
to change its rate of distribution Sxed at 6 per cent per

Only two of

per cent stock dividend in

1st preferred
"111

ts

cent dividends (though the Illinois Central also paid a 17

cash in 1884), while the Missouri Pacific and San Francisco

IM

NaT.

aurli*.

1884,

6
«

pief.

Oroffon 1 rana-Cunt'l.
TJnIO'i Pudflo

In

1883.

1081.

1!JM)

Klo UrikndA..
I"

OreROn K'wiiy

'

1879.

''nclflo

A

North'D

*

187S. I8T7. 1878.

at the time of the 50 per cent stock distribution in

1881

—but the Oregon Navigation from paying 10 per cent

now

pays only 6 per year.

8
7

And 17

As

iu stook.

8
8

)0
no

4

7

•«

10

4

7

7

»H

4

^

7
1
7
luoreuse due to ohanxe of dlvloeud periods.

St.U.*''.Knin.,lrtpf.
*

8
8

t

to other sections,

many minor roads might

be pointed

out that have had to reduce their dividends greatly or pass

them

altogether, particularly in the middle

Western

sec-

In Michigan there has been a decided unfavorable
change, as instance such roads as the Flint & Pere Martion.

quette

(alluded

to

outset) and the Marquette
But there is not the same
these as to the larger Western roads,
and roads in the Eastern and New

the

at

Houghton & Ontonagon.
interest attaching to

Denver already referred to,
& Rio Grande, Oregon & Trans-Continental, and Northern England sections also come within the scope of this
Pacific, were of course wholly ephemeral in their nature, remark and may
Southern
be omitted for that reason.
and possible only when the companies were temporarily roads do not merit particular notice, since so few of them

The dividends

of the

flash.

rank as dividend-payers

make a poor
picture when we

If the roads, however, thus far reviewed

showing, there

The

market.

coal

—especially

roads,

those sold

may

however,

our

in

be considered

is a brighter side to the
separately, since they are governed by special influences
examine the roads in certain other parts of the and almost exclusively dependent upon the condition of
country. Notably is this true of the Northwestern section,
one kind of business, which in turn however is dependent
where until recently railroad companies have been doing upon the general state of trade. The coal roade have paid
quite well.
The following exhibits the dividends of these the following dividends during the last
9^ years.
roads since 1875.

come

to

8nu».
1

1879. 1877. 1818.| 1879. 1880. 1881. 1882. 1883. 1884

Company.
Qmns.

Company.

1876. 1877.

Cllloagojt Vorthwest.
Do
p ef
Ohio. Milw. 4 St. P...
Do
pref
Chic. Burl. & Quinc;.
Otalc. R. I & Puciflc...
Ch. St.P. M .i 0., pref
'

flt.

Paul Hln.

7

7

Ki
9
8

10

8

:885.

B

S

m

1888.

1879.

10^
8
8

7

8
10

7«

7
7
7

7

7
8
7
7

+9«
*8«

A Man.

7
8
7

8«

7

8H

8
7

4

4

IH

3X
8M

7

7« 8
And 100 per

«9

* And 14 p«r rent 111 bonds,
t And 20per cent in Htook.
J
cent lu stuck, i CUiiuge of dividend periods swelled tbu total

tliis

year.

Del.

Ijaclc

Thus none

New

& Northwestern

nothing on

paid

amount on

its

its

preferred;

4

BJ4

4

ax

4

5X

8
7

188&

8

4

7

7

3

8

8

8M

8

4«

8

aw

of these

companies have paid as much in the

Reading and Central

& Hudson, Delaware Lackawanna & Western, and Lehigh

of the

stock and only a small

9

IM

Jersey of course have done very poorly, but Delaware

that marks the record of these lines since 1876.

common

7H

recent years as in the earlier years.

Valley,

year the Chicago

West...

Lehlgli Valley
Cent of New Jersey.
Phlla. A Rea<1lnK.

Here, though there has been some decline in 1884 and
1885, that fact is not nearly so conspicuous as the growth
In that

&

all

of which at one time (preceding 1876 however)

much

as 10 per cent, are nsw, with the exception
Lackawanna, down to G per cent, and in the best
In fact
years since 1879 paid no more than 8 per cent.
the Delaware & Hudson paid only 7 per cent.
In the case
of these roads however, as well as all others that are doing
r •)rly,
it is
to be remembered
as modifying any

paid as

it paid full 7 on the former and 8
and no change in this rate of distribution
lias yet taken place.
The Milwaukee & St. Paul likewise unfavorable conclusions that may be drawn that the
paid nothing on its common stock in 1876 or 1877, hat, present situation is exceptional, and that when this situabeginning with 1880, up to the end of 1884, paid 7 per tion changes, prospects must again improve, and traSSc
cent regularly.
In the current year only 1^ per cent semi- and dividends make a better showing.

in both 1883 and 1884

on the

—

latter,

annually was paid (out of the earnings of the
1884), but the full 3| per cent

to the company's statement.

per cent since doubling

its

last half of

had been earned according

The Rock Island has paid

7

stock in 1880, and the Burling-

ton & Quincy has suffered no interruption in its 8 per cent
payxents for some years, and, besides, paid 20 per cent in
Stock in 1880. The St. Paul & Omaha, as already said,

has reduced

its

dividend on the preferred stock to a basis

of 6 per cent, but paid

full 7

per cent

in.

—

the four years

BRITISH POLITICS— TORY PROSPECTS.
men ever came into power in
awkward or discouraging circumstances than the men who compose the present
ministry.
It was not only that home and foreign affairs
were in a kind of hopeless muddle. A Reform bill had
made some radical changes in the constituencies and
Probably no body of

England

under

more

;

only a few months were to elapse until a general election

The St. Paul Minneapolis & Manitoba is
another road that has enjoyed a marvellous career of pros-

was to take place under the new arrangements.

perity in the Northwest, though latterly

party of resistance,

preceding.

—from 8

its

annum

dividend has

however, was not

all.

if

This,

The new cabinet represented
not of reaction

—the

the

party which

Roads opposed the Reform bill at every stage of its progress^
running South and Southwest from either Chicago or St. and on this account had but small reason to expect the
Louis, like the Chicago & Alton, the Illinois Central, the support of the newly-enfranchised voters.
Add to all this
St. Louis & San Francisco, and the Missouri Pacific, give (hat it was an accident rather than a victory which

likewise been reduced

per

to

6.

'

—
THE CHRONICLE.

88
brought about their opportunity, and that

at

the very

threshold of their career they had to confront a powerful
majority under experienced leaders. In such circumstances

seemed almost rash for Lord Salisbury and

it

friends to accept

On

his

on the part of the new Ministers,

all

things considered, to

proclaim their detennination to allow the Crimes Act to
lapse. Lord Salisbury and his colleagues were not ignorant
of the fact that

by so doing they were wounding Mr. Glad-

stone in a tender part, and that they had reason to count

ofiSce.

the other hand,

[Vol. XLI.

it is

not to be denied that there was

a strong feeling of dissatisfaction in the

Houses

of Parlia-

upon

It was, however, a wise

his opposition.

The

step.

lately published statistics of

and

politic

crimes in Ireland

To be
policy of the show a very changed condition of things there.
howling with discontent; and sure it is said that the present exemption is the effect of the
Mr. Gladstone's foreign policy was giving pain in all ranks Act. But it seems wise under such circumstances to try
and classes of the people, from the Royal family down- its suspension, for if that is followed by a return of violence;
ment and throughout the country with the
Ireland was

''•Liberals.

still

which gave public opinion will support and justify its re-enactment;
the Tories hope, and encouraged them to run the risk. whereas if the present peaceful state continues, the act is a
It would have been impossil le for them, however, to take needless affront to the Irish. Hence it is that the action of
ofBce, if they had not been able to effect a sort of compro- the Government has been followed by so general approval.
There is, therefore, no lack of evidence that the conduct
mise with the retired Ministers. Mr. Gladstone promised
to offer no factious opposition. The new Ministers, on their of the new Ministry is producing a favorable impressiou
few weeks that both at home and abroad. The re-election of cabinet minpart, pledged themselves, during the
ward.

It

was

this feeling of discontent alone

remained before a dissolution, to introduce no measures isters has revealed very considerable Conservative strength
which would be likely to provoke the hostility of the Oppo- in unexpected quarters and the improved relations with
sition.
As we said in a recent article, the new Ministers Germany have already had a wholesome effect on France.
came into power tied hand and foot. But there was this With Lord Salisbury in power, it would almost seem as if the
;

little

known

ray of hope, arising from the

—but

general discon-

settlement of the Egyptian difficulty between England and

France would no longer be a cause of anxiety. Most
certainly the Tories have already improved their chances
of vision, of decision of purpose, of vigor and of energy, and it is by no means so certain as it was some weeks ago
as to convince the British people that British honor and that the Liberals at the coming election will have things
British interests were safe in their hands.
In spite of the occasional democratic
all their own way.
We are already in a position to judge of the conduct outbursts, the British people have pride in their ancient
It

tent.

ble

—

for

of the

was
them

new

diCBcult

to

was not absolutely impossi-

it

make such

a manifestation of clearness

ministers in their very difficult circumstances,

and to arrive at conclusions. We believe we express a
sentiment which is very general on this side of the
Atlantic, and especially among that class of people who
have at heart the honor and welfare of Britain, when we
say that the new ministers have so far conducted themselves and the public affairs of the nation with great
discretion and judgment, and in such a way as to command
public esteem and confidence.
It is something to say that
they have maJe no mistakes.
In spite of the shackles
with which they were bound, there was great temptation
to do something.
to show some little daring
It would
not have been wise it would not have been honorable
to go back on the foreign policy of their predecessors, so
far as that policy had found expression in connection with
Afghanistan and with Egypt. Certain steps had been taken
towards the determination of boundary lines in the one case,
and towards the evacuation of the Soudan in the other, in the
name of the Crown and the new ministers have verj; wisely

—

—

;

accepted accomplished

facts.

On

the principles laid

;

The Marquis of Salisbury is the head of an
and honored house and it may be found when the
voice of the whole people is called for, that there are
worse names than that of Cecil to conjure with.

aristocracy.

old

;

RAILROAD EARNINGS IN JUNE, AND FROM
JANUARY 1 TO JUNE .30.
Our exhibit of earnings is again unfavorable. As
compared with the corresponding period a year ago, the
forty-nine roads in our table show a loss of $800,000
Still,

the statement

is

not without

its

encouraging features,

though largely negative in character.

Thus,

many

roads

have much smaller losses than in May, and the total
decrease of $800,000 for June compares with nearly
$1,300,000 in May and nearly $950,000 in April. This
is

the

point of greatest significance, that the decrease

no longer

progressive, as heretofore, and

is

growing larger

each succeeding month, but that a break apparently has
occurred, leaving a falling off still, but of much

down now

by their predecessors, they have resolved to proceed smaller magnitude than previously.
with the Afghan boundary question and the Soudan, as
shall show further below that the smaller decrease
already agreed upon, and so far carried out, is to be now is in great part accounted for by the fact that we are
'

;

We

But in the language of Lord Salisbury on comparing with a period last year in itself unfavorable,
Monday, and in the language of Sir Michael Hicks-Beach which was not the case in May. But that does not in any
on Tuesday, there was a tone of firmness which showed way diminish the importance of the change. It demonthat while the ministers were willing to respect the pler'g*
strates that a stage in the comparison had been reached
given by their predecessors in office, they were prepared when it was no longer possible for the old ratio and

evacuated.

if

occasion should call for

it,

to

uphold the honor of the amount of decrease to continue.

empire, no matter what the cost or

But

how

great the

sacrifice.

that

the

fourth

week

of

the

It should also

month made

be noted

relatively a

in their proposed policy with Ireland that the

new much better showing than the other weeks of the month.
was Undue weight however should not be attached to that cirthe intention of the late government to revive, in a modi cumstance, since that week this year embraced only one
Bed form, the Irish Crimes Act. This, as we now know Sunday, while last year it embraced two, Sunday counting
was to be accompanied with certain remedial measures' as no day with the roads. The following, made up from
It was in part the knowledge of this fact
that the Crimes our monthly statements, will show briefly the earnings
Act was to be revived which led the Parnellites to vote record thus far this year for each of the six months past.
it is

ministers have most revealed their independence.

It

—

—

with the Conservatives against the Liberal budget, and
which, in consequence, brought about the downfall
of

the

Gladstone ministry.

It

involved no

little

risk

We give simply the grand total of the roads reporting each
month, and the number of the same and mileage on which
the earnings are based.

.

JULT U,

'

1

THK (CHRONICLE.

IHbO.J

Dttmue.
lH»t.

itws.

18HI.

1860.

I

t

JfUrj.

W

riwcli)
il*BOM7 (
Vobruarr (6U ruadB)

Marsh

(!M n>ai)i)...

April (&1 ro*U»>
Mti7 (M roatlM)
J una («» roaHal

From

4S,fi7»

17,7««,0Sfl

40,1M

lfl,Oin,t»»^

inc.

WWW

1A.«<V1,0II7JDK.

17,W0,374

4».n«4

'

Sai,H74

this year.

l(i.l>87.ss,vrni:.

'KM.saa

total in 1883,

.

this

it

or April, but not as good as the
In the general conditions

May

months of the
railroad

.iiTecting

the Chicago

The St. Paul, however, reached ita maximum
and the decline in the last two years repreOlft.NVfl
i7,4ee,»4« I8,411,74S|0«.
44,14a
43,ni3
The St. Paul & Omaha,
measure
of its loss.
full
the
l.aOH.KIT
sents
I7.1«l,.1b6,D«c.
15.H»5,S2H
4.1,037
41,317
lll.aS7.1<l7 18,04«,73»|0M. _»07.n<»
40.818
«l,S40
owing to the extension of its mileage, has been growing
appears that June gives a better account since 1882, but only very slowly. The Burlington Cedar
AI.486

BO.MA

of itself than either
rirlier

& Northwest the loss is even heavier
compare
with
the year 1881, the total then having
when we
bo
ob.served,
will
12,306,440, or |(350,000 more than
it
been,
Oa

inetfloj* or

Earningt,

MOMtf.
Ptriad.

3^

year.

and income, there has been of
The volume of traffic has not

traffic

course no improvement.
been increased. Rates are no better or higher.

Tassen-

&

Rapids
swelled

earnings only

its

The

1881,

has

interval

the

$24,539; yet in

564 miles to 990
Manitoba has been

has been increased from

the mileage
miles.

1885 with

comparing

Northern,

St.

&

Baul Minneapolis

suffering a contraction of earnings for several years

past,

—

ger travel has not been stimulated any, business is as quiet
as ever, and the quantity of general merchandise moving
In the
over the railroads is down to small proportions.

1220,000
year has an especially heavy loss
but
which can only be explained on the theory that
increased competition and decreased rates are proving

South the movement of cotton, never large at this season
of the year, has this time been reduced to almost infinites
In the West and Northwest the grain moveimal figures.
ment has been larger in the item of wheat, but smaller in
flour and oats, with corn not materially different from a
So there has been nothing in all these circum
year ago.

more harmful

stances to call for any

material betterment of earnings,

and the smaller decrease now reported therefore

wholly

is

be e.xplained in the way suggested, namely, because the
comparison is with poor totals a year ago. On this point
the following will indicate the course of June earnings for
to

this

total is

to

to $491,558, against

only $382,906

1882, but

more or

than at one time seemed possible.

it

down now

All

1881.

in

Its

$861,394 in June,
these

roads are

the outturn of the crops in

dependent upon
and

less

the Northwestern section,

Pacific (at the eastern end)

too, is the

so,

but

;

we have

Northern

not included

that road in the above table, because its circumstances
are dififerent now from what they were before the line

was opened through, and, moreover, its earnings are
influenced very largely by conditions peculiar to the Pacific
It is satisfactory to note that for June the comroads.
pany records a smaller falling oft than for some time past,

In a similar statement for the previous month
there had been an uninterrupted increase and that its friends are sanguine that the road has now
that
found
we
In this June statement,
vear after year, till the present.
The decrease for
passed the lowest point of depression.

sis years.

—

two breaks one in 1882, after the crop the month is only $131,500, which is small considering
and another last year. In this latter that the comparison is with earnings in the previous year
year, it will be seen, the decrease amounted to as much as that had been increased $313,000.
The St. Paul &
$811,681, and the decrease now of $807,565 is in addition Duluth has a small increase now, but had a small loss in
Of course, the roads embraced are not the same 1884. How the grain movement has affected the Westto that.
though,

we

find

failure

in

1881,

in

each case, but there

comparison

sufficient similarity to

is

just.

J line,

une,

J

(57 roadsl.

l-w-.;

(70 roads).

l.s.sit

Tear

Tear

Ytar

Givtn.

PrecedinQ.

Qivtn.

MUa.

una.

32,118
45,851
Se,3»8
45,976
41,240

88,606

17,058,006

40»1

88,64S,158

18,154,778

June, 1880(42 roada).
June. 1881(43 roads).
une.

the

1.S84 (57 roada).

June, 1888(49 r ads).'

51,180
43,156
40,813

8^.784,048
19,88l.2t5

rrar
PncfdlngA

Increase or
Decrease.

*
*
18,849,394 Inc. 4,(115.378
13,068,485 Inc. 3,9H«.531
158.523
82,806.881 Dw.
84,858,359 Inc. 1,897.883
811,881
80,a33.»26; Dec

15,837,167^ 18,011,7321 DfC.

807,565

What has been said of the roads as a whole, applies
with particular force to those of the Northwestern section.
These have done much better in June than they did in
The decrease

May.

not so heavy, and some of them

is

Taking the largest
Milwaukee & St.
both
the
find
that
among
them,
we
two
Paul and the Chicago & Northwestern, have only small
But
hardly more than nominal in amount.
ilecreases
going back, we see that the present decline comes after a

actually have increased their receipts.

—

much

heavier decline in the previous year, so that in the

case of

the

Chicago

&

Northwest present earnings of

$1,956,900 compare with $2,213,021 in 1883, a loss of
$256,121; and in the case of the Milwaukee & St. Paul

with $2,023,181, a loss
It will be interesting here to note the

the total of $1,866,000 compares
of $157,1 SI.

course of earnings in that section for several years, so we
subjoin below the record in this respect of five leading
roads.
June.

1S8J.

e
Burl. Cert. Rap. ,*Nn..
Chic. Mil. JiSI.I'uul...
Chlo. 4Ni>rth»re*t
Chle.St. H.MInri. 4 O.
St.

Haul Minn.
T'.t

»

* Man.

280.401

ima.

1884

816.616

shown

BECEinS or FLOUR AND GRAIN FOR FOUR WEEKS ENDED J0SE 27,
AND SINCE JANUARY 1.
Flour.

Wheat,

Com,

(Abb.)

(bush.)

(biMh.)

Chieaoo—
235,541

1,467.786

15«,;U8
4 wk».,June. 18*4!
81nce Jan. 1,1885 2.771.4H1
Since Jan. 1,1884, 1,321,818

8,8114.591

4 wll».,June. 1885

MUwaukser-

483,707
3,793,887

Oats.
(bunh.)

Barley,

Rve.

(.bush.)

(bush.)

S.a3l,929

120,187

6,40«.»26 4.2»«,«:l»
30.147,(l«l 17,8l!9.7»l

.3,618.424

79,623
156.116
639.375

20,099,9(5 18,201,491

l,8a5,374

80i,80li

198.540
318,291
780,382

76,161
86,103
1,779.915
2,0i7,13r

25,739
150,192
204,364

80.150
4.800
813.283
791,491

262,1184

5,930.018

81,362!

I

4 wk9.,.lune, 188;
4 win. .June, 1884
Since Jan. 1,1885
Since Jan. 1,1884

306,577;

28l,H(«
8S.8,9W
1,786,2811

St. hnuis—
4wliii...iune, 18S5

4 wk-..Juno, 1881
Since Jan. l.WSj
Since Jan. 1,1884

1,331,(69
l,18»,17n
5,581,707
3,858,2»«

519.8n
711 :iil2

,337.990

."•iri.ilTl

4.0*18,4 1«

l|-.'8,

2,715,505

Tolean—
4 wlis.,Juno. 1885
4 wkii.June, 1884
8lnce Jan. 1,W<5
Since Jan. 1, 1881

10,287
3,841
61,9112

86,751

306,210
349,846
8,444.518
2,387,145

50,345
6«,'>30:

210.935

1,611,474

401,260,

13,«0

a3.»49
12.740

1.578,465'
1,579.370

481.0^1
491,781

14.210.715
12,001,739

3.l776.-)9

834,503

J8.573
3J,4"«
97,928

00

S«l
2«7

64,4.38

8i4,0-'l

48.081

16,588
6,547

3,316,301

50»,03l|
2,039,601
4,280,499

DetroU-

.

6.'

150,227

I

4

wm.June,

4

wkL.June. 1881

7.820

188.')

Since Jan. 1, 1.885
Since Jan. 1,1884
Cleveland—
4 wka..Juno, 1885
4 wka.,June, 1884
8lnce Jan. 1,1885
Since Jan. 1,1884
Proriit—
4 wka.,June, 1885
4 wk»..June. 1881
Since Jan. 1,188."
Since Jan. 1, 1884

1

1

."ill

1

846,948
271.575

131 .SOS

78,564,
|

7rt,43;

70.293

1,753,133

1,5«),867,
1,233,479

483,329
419,511
41,5.51

11(1,117

2.0:f8.610

63,301

4,550
2,883
255.0.58

316,815

109,053

5,588'

1,118

500

n,2S6

87,2(16

75,703
61,599

868,065
652,730

35,100
519,342
484,806

81,960
401 .0:10
460,656

1,410
96.088
118,136

12,556

28,800
13,800
396,400
274,000

9,44(1

6,673
2.873
74.520
26,343

16.895

574,380

2^.2211
18a. 140

5.707,010

246,575

5,6(18,815

744,415
901.273
5,221,675
5,520,888

5:i:i,l80

BOO
83,500
58.790
82.3,650

401,059

Oiiluth—
4 wk»...Iune. 1SS5
4 wks.June, 1884

5,956

91.350

567,929
378,130

15,881

Since Jan. 1, 1885
Since Jan. 1, 1884

2,HB7,1H1
1,058,682

"rissd

'28,658

9V,3iib

4wks.Juna. 1885

4.*1.2S0|

4,6«\551

4 wkii.,June. 1881

Bll.lO.'i

3.125.970

Total of nll4 wks..lune,

{>^'^

Since Jan.
Since Jan.
Since Jan.

l--

1,
1.

1.

1--

1"^-

S.431,8115

8.451,903! 5.473.78')
8 :«):!. 4.321 6.2111.787

819.986

M.t-^

33i860

,•..

'

1-.'.

--17

19i).3.'>8

lii.lt.t,-).M7:l

7.0 73.606
5.471. 031

21.721.100

7,097,098

Sll.sn.'i.'JTl

150,778
853.688
518.V1S
I.306,.371>

1,570,497
8,879,988

In wheat there has thus been a decided increase over
I

811.257]
1.610,431
8.0l3.51n

20.5.012

l,72W.8ta

1,91«,1H12

;,02:),i»i

].B5«,80fl]

1,9««.275|

!.813.02l|

467,0001

4««.514|

442.878,

874.n04|

404.502

4«l.558|

712.1«5|

714,0««

S«1,3U41

3.S2«0<1

1,88(1.000.

years, is

1881.

1882,

«

:

206.418'

two

ern and Northwestern section in the
in the following table.

Earning.

MlUntt.
Pn-io.l.

.1

make

Below are the figures.

2,:ion

440

1884, and the increase has inured chiefly to the benefit of
Northwestern roads, since the gain is almost wholly at
Chicago, Milwaukee, and Duluth, the spring-wheat marIn corn the changes are not very important, though
kets.

3

H)

..

THE CHRONICLE.

40
of the cereal

at Chicago the receipts
tion of half a million

many
oft at

.

But in oats, which with

bushels.

much

roads count for as

show an augmenta- by the course

as wheat, there

is

a falling

in the aggregate nearly

almost every port, reaching

is

[VOL. XLI.

of trunk line business, but here the decrease-

In the section east of the Mississippi and

only nominal.

north of the Ohio, the returns are poor, as usual.

There-

are few roads in that section that have done better than a

Taking all grains year ago, the Illinois Central (Illinois Division) and the
bushels.
an increase in the receipts (not counting Evansville & Terre Haute, both running north and south,
being about the only exceptions. Michigan roads again
flour) of about 900,000 bushels over 1884.
But it must not be supposed that in 1884 the move, fall behind, but in very much smaller amount than heretoment was particularly heavy. It was not. If we go back fore, and Wisconsin roads pretty generally make good
of a million

three quarters

together there

is

and 1880 we find totals that make the present
ones seem very small. Take Chicago alone, for example.
Here the receipts of com are now only 5,900,000 bushels;
in the four weeks ended June 25, 1881, they were over
9,000,000 bushels, and in 1880 over 9,900,000 bushels—
that is, three and four million bushels more. Of wheat the
to 1881

two million bushels in
1881 against less than 1^ millions now, and of oats the
receipts were a million bushels more in this period in
1881 than in the present year. Perhaps we have in this
falling off in the grain movement, and particularly in corn,
a reason for the heavy decline in the earnings of the

The best exhibit by any road in the list is made
returns.
by the Denver & Rio Grande. The Canadian Pacific has
a heavier increase, but that is based on a large expansion
The Denver & Rio Grande gains $109,967,
of mileage.
with no change in mileage. Evidently Colorado has some
vitality left yet.

A class

that point were over

receipts at

&

of

roads that

is

not doing well this year,

is

those connecting with or running through the Southwest.

Thus the Chicago & Alton, the St. Louis & San Francisco,
the Kansas City Fort Scott & Gulf, and its ally the Springfield & Memphis, all have pretty large ratios of decrease.
Some at least of these have been exempt from the influence of declining earnings heretofore. The St. Louis Fort
Scott & Wichita again has an increase, but it is not

Northwestern since 1881, and other roads in
We now give our June table of earnings in
full for the two years, comprising all roads that had so large as in the previous month.
returned their totals at the time of going to press.
As regards Southern roads we have a change to note
in the case of the lines in Texas.
There are two of these
OROSS BARNntOS AND MILEAOE IS JUNB.
in our table
the Fort Worth & Denver, and the Gidf
Colorado & Santa Fe and both record an increase this
Orosa Earnings.
Mileaffe.
Name of Road.
time.
On the latter the increase is the first reported
Increase or
Chicago

that section.

—

1885.

Hoos Tun.& W..
Od.Rap. Ji No..
CanadiaQ PaciUo
Central Iowa

Boat.
Burl,

CliicaKO A Alton
Chlc.it Ka-iteru III....
Clilc. Milw.&St. Paul.
Chicai^o & S' irtli WHSt.
CWo. St P.Miiin. &0.
CUlc. & West Mich....
Cin. IiKl. 8t. L. &Cli..
*Cin. Wasb. & Bait...
Cleve. Akrou A Col
Deiiv. (t Hio Orainle
Deav. & Ulo Or. West
.

•Des Moines

&

.

Ft. U..

Detroit Laus'K & No.
EvaiiBV. <v T. Haute
Fliut & Pero Marcj...
Fla. K'y & Nav. Co...
.

Wjrth&

Ft.

Denver..

IGraiirt Triinlj of Can.
Qulf Col.
Santa Fe.

&

1884.

3^,13&
230,451
700,0JO
R5,0

1

58.i.-283

117,326
l,8dn,0l)(i

38,592
206,4 18
650,661
109,751
66S,070
123,577
1.919.902

l,ai6,900
467.000
112.783
177,4 ill
80,737
42,562
5U1.74S
S8.I0U
20,088
9S,l47

1,9:16,27.1

466,514
12S.0J8
19Z,438
88,S93

+ 3",78ii

3t;8

3tj8

— 11,48<

143
261

clear,

61,1.^2

52, ".41

+ N.6O3

146

l.'i7,72l

—21,622

RECEIPTS OP

57,231
1,102,281

179,343
73,190
39,063
1.261,836

+ 18,163

143
261
146
361
518
144

til. 555

2.91H

li9,579

2,9 IS

1 !.i,504

—3,335

536
953
711
40J
389
2-2
389
35-'

1,03J.359
104,52

—22.7^9

536
953
578
402
389
282
389
S52

2,015

2,065

+ 21,035
+ 8,41-/
+ 1,697

135

247,24«

160
1,236

1.236

4-16

3-*9

221

183,869

— 13,411.

221
502

1,113,123

—131,500
—56,199

2,64-

2,453

212
254
294
252
195

72,

<f>3

131,014
86,557

„..
Louisville lie Niishv. ..
*Mar(|. IIoukU. & On.
Mexican Central
Milw. I.. 81i. & We«t..

2-'4,257
l,00st,57o
85.4 i7
261,2^,)
99,0'i5

2*9,176

Milwaukee

47,255
170,459
1,011, 823
42,2Gl

•St.

Joseph

St.L.

Do

A.A

Hlttsl)...

& Wesfn.

r.H.iu.llue.

do (hranehet)

&

Bt. Louis Ft.9.
Wlch.
Bt. LouisAiSau Fran..
Bt. Paul
Uuiuth...
Bt. Paul Minn.
Man
Wab. 8t. Ix>ui< Pao.

A

-.

56.2

h 7

•-.

9o,5-!3
45,55-f

9S,1B3

+ 2,3

10

—837

—

I

+4

075
+03,891
-8,754

— 13i

—9.433

—4,tH.
— 19,09

•<

4ti.7l5

51.881

—5,16n

2l'J

111.491

111,762
73,707

—268
—25,319

294
2i2

4-'.38S

80,001
47,3 40
ao.uoe

2S8.943
113.041
49l,5i~
941.35H
80,259

81,72.-.

44,001
40,42 i
365.873
110,««s
712,165
1,171,322

254

-1.121

19.=

+ 2.539

138
215
815
225

+ 19,58i

—66,930
+2.3o0
—220,607

361

only a small

continuous

decrease, but

several

for

years,

the
the

The cotton movement does

000 in both 1882 and 1881.

17, 1)9 <
10i),6 (4

144

been

present total of $1,009,570 comparing with over $1,200,-

1,317

1 I0,84M

Rochester*

1,318

4.770
3,800
1,307

has

1,317

1 -10,511

Peoria Uoc.tSEvansv.

3.8 43

Nashville has

decrease

— 1,820

131,581
73,^9
52.922

Nortliern Pacific
Ohio Central

251
4.815

39.37.--)

—
+ 48
— 15.255
— I4.y7f

&

ville

+ 10c),9K7

(Iowa lines)
•Kan. C. Ft. 8. A Gulf
*Kan. C. 8p. & Mem
*Lake ICt-je «Sc Western

Western...

490
849
251

44,3 < 2
391,781
57,320

474,058
253,001

&

2,40 S

490
849

this

244,247

Norfolk

9it0

2,794

-24,738
-82,787
-S,V51
—53,90:

roads in the

2HI

.'i27,yii)

Nortli..

+ 24,033
+ 149,33'

61
821

-8,15H

(-tcDiv.)...

&

61

not play

(III. l)i\'.)...

I-^laiid

November, 1883.
Outside of Texas, however, the
South as a rule have fallen behind. Louis-

since

— 453

413
342

Cent.

LouK

1884

413
312
281
144

Do
Do

111.

1885.

Decrease,

—

much

part in

the

traffic

time of year, but so far as

has been

adverse,

as

the

it

has had any effect

following exhibit

CO-TTON AT SOnTHERN PORT8
JAN. 1 TO JONE 30, 1885, 1884

5i)0

Southern roads at

of

IN

it

make

will

JUNE, AND

FBOU

AND 1883.

no

502

Since January
1885.

(Jalveston
IndltinoN,

&c

New

Orleans
Mobile

Florida

Savannah
Brunswick, &c
Charleston
Port Royiil, &c

WllminKton
Morehead City, &c.
Norfolk

West

3,178

bales.

Point,

93

1

174

4,3 1»

5,4 tg

2,333

523
88
523

798
IS

1,727

3,444

),320

Total,

1,747

For the

first

1884

1883.

68,237
1,504
413,217
50.4B9
24.477
113.090
2.260
71,3M1

130,291

331,842
3.249
781,389
99,331
9,175
232,862

712

2.807
1,507

9.797

19,153

half of the year

60,87.'.

S-iH

420 588
56.130
17.613

1U,7U1
1,5.2

200
164,073

3,121

90.843
2,H72

10,8art

14 ,-'82

1,H09

2.33i

114.-,i88

44.13;

145,969
57,823

37,596
9,oao
299,136
79,27»

17.63

,053,412

2.083,987

63
47
74

1.(8

KiO
776
225

4'j

2>
837
73
49
2,216

&c

1,81

I.

1885.

S)

16,771

the statement of earnings

of course unfavorable, but much less so than one
might
be led to suppose from the conditions that have
*Wi8ooiislu Central...
67,5 16
+ 12,713
418
418
prevailed.
The bulk of the decrease is contributed by a
Total (tOroadii .. 15.237.H7 16,04 73'i
—>07,56i 41,2 40 40,8
few large roads, like the Northern Pacific, the Manitoba,
* Only three weeks of June In each
year,
t Four weeks ended June 27.
the Wabash, the Lake Shore, the Michigan Central,
Aside from the Manitoba and Northern Pacific, the roads and the Grand
Trunk. On the other hand, we have
having heavy decreases are the Grand Trunk of Canada quite
a number of roads with improved receipts,
and the Wabash. As to the latter it is to be said that the and it is
noteworthy that among them are both the St.
earnings are now reported on 770 less miles of road, and
Paul and the Northwest. The Illinois Central has also
that these 770 miles last year in June earned
$123,005. done quite well, both on the Illinois lines and the Southern
Hence this amount is to be deducted from the $232,906 Division.
The Louisville & Nashville likewise has a fair
decrease shown, giving $109,961 as the amount of decrease
ratio of gain.
The course of earnings from month to
on the present mileage. The loss on the Grand Trunk of
month has been sufiiciently indicated above, so we need
course leflects the state of business on the trunk
lines.
make no further comments here.
Our usual table is
The Alton &. Terre Haute on its main line is also affected
•
herewith annexed.

&
*

— 232,9ti«

1,397
2,776

is

l,3;l7

3,516

4.

1

•

—

July

—

1

.

OHIMO SiVHVIMOII rNOM JAMOAKT

Name nf
Boston

Road.

rroc>«fto T.

Bnrl. (Viliir K»|i.

lBa5.

$
200,722

* W.

A

huvii

ClilcnK"

.V

Rfl.^.4^1
3,fl3i).4Si

Alton

Inertata.

Dtertata.

»

«

$

C8-<,37a

ChloHiici ,v SiirtiiWKUt ...
Clllc.St.P.MItin..t()rniillii
Clilcaifo A Winl Mich....
Cill. tllll. *!. 1.. .^- Cllio..

10,flH»..^5l
.Z.^0,->,!ia2

10.127,191
lo.'m8,727
2 )3.."H>J

99 7.4 is
1.147,10H

l,0-ii),60.')

•an.

A

W*.li.

SI.

H«ltlmon>

Clove. Akron & I'lil
Denver* RioOnimlo...

DrnviM-

*L>eii ^fuin^•.*^

Dctniit

A

Flint

A

Floililii

67,499

3:3
ZOl .00 i
e7.3.-*7

12,086

210,840

23l,0.'5i

23 2 2

Tr. of Caiiivla...

7.12(i,i.i«

l,iO,230

8,172
284.7.(6

17.021

7,»«7.38-*

8do.>-30

Fe....
HI. C«>miMl (I.!, niv.) ...
(.'ioiitU. Uiv.)
Do

5-IH,90.'i

770,17,')

181.570

a>007.0To
74>2.4Si:

2.873,572
1,910 007
8 i«,»-<!t

133,498
221.361

(InwuDiv)..

•Kan. Cltv Kt. .S. A Oiiif.
•Kan. City Op. .t Mi«ui
Lake Shore A Slicli. So..

l,184.Haa

91,252
213,223

6.421.0; I

l,093.o,'53
.'.14,413
7.219,1.'7

LoHK

1,

1651.419

1,181,»7«

LooUvllln A N»slivUle..
•Marq. H.>iii;litoii A Out.
Mexiciin OuM-al

6,8iMl.'^58
24 4.2Tti

a.5.5«,243

34.46250,011

1.858.230

1.379.40J

Mlclii^ in Coiit.

4.!I7J.000

5,»>03,50

.\i

Do

Simw

2,131,.'.t>8

797.6ilt>

.

iHlailll

A 0.

So..

51", 313

535.iS:l9

273,030
1.2l'>.722

23,3.21 s
1.240,.502

Northern

4.6i5,.=i4-!

5,985..'58B

32'i,4J0
55.'.06i

36i,3l0
499,290

519,H22

6(>3,2 1 <
378.-.'80

.fe

Pa^'trto

Peoria l)e(\ A Bvanitvllle
Rochealer A Pitt»i>urg
Bt.L.A.AT.lI.main line..
.

Do

do

3l-">.3i)S

(hniuc^lies).
Wioh..
Bt. I.. Ft. 8et)tt
3. Fraiiciiieo.
8t. Loui'i
Dnliith
St. l>aul A
Man...
Bt. Paul >flnn.
Wabasih at. r,. .fe Pac.

A

A

1,97!»,487

49

477,037
3.121,028

A

ti.897,'i80
06a.91.'5

.

•WUcousin Central

'luoluiles three vroeks only or

Jane

in

478,827

630,500
]2,774
10.8:3
1,330.010
38,830
.';2.775

113 2H1
32,972

51,719
146.V95

i.rtOH

l.'i,U7l

3.084,9.) I

7,448.858

563,923
530,878

<)7i,226

2.311

eaoh year,

t

month

There are exceptions
the

6,662.036
3,056,174

To June

27.

May and

than in most other recent periods. In

the returns for the

are

fact,

are quite uniformly unfavorable.

Canadian Pacific, the Erie,
England, and one or two others, but

like the

New York & New

.

burg

A Bne)—

18^5
1884
Phiindelphia

A

l&rle—

274JMn

4S''.4a8

296,853

456,020

2.377 4J4
2S27,1)42

10.281.910' 11,775,681

Phllndeiphiaft Keadlni-^
18K4
PhtlH.

l»i

A

12.069.I.UI: 4.008,911

a Uuii-

Head. Coal

1.267.176

1,965
1,88;^,21^{ 2.007,832

6,316.026 d(>f7R,40l
6,970.562 uf8l6.9«8

2.0«7,52Htl, 436,431
2,099,896 « 1,241,006

9.269,134
9.254.303

Dnion PacVflo^
1885
1881

WeM

...,„

,..:"

Jersey—

2,8742aj
2.r'40.845

,]

I88B

96,0661

I8M

lOZmol

60.407
69.056

."5.6^1

RI.B.742

8S.S14

416.133'

136.719
It2.20«

36,7'8)

Returns of net earnings this time cover
less satisfactory

1884
OreniMi Improvemt Co.—
1885 ...
1S8I
P«nii.<all llii«H east ul t*4tt«

18H4

53,691

101,211,400 101.267,571 3,803,862

Total (IS roads)
Het dccredRe

tHcB
18»4

1*6

828,056

2.13.337
2,125,78,:

2-'8.0-i6

Northern I'aelllo—

I8fl6

1

WH<t'n.

I,.,sii.irt<

Central—

Ism

,

58,527

30J,970

Milwaukee A NurtUoru.
A Wiwteni

Mllw.

Norfollc

1884
Hi.rt<>em

ll»-ft

filO.DMT

Gulf Col.

A WBHorn—

1880

Ohio AMlMlsalppl—

IVro MinquiTto.
Ify A S.IV. Oo..
A Dunvcr....

3lJ."2l
030,705

iiew Bnshuia^

18f6

4.5 58

67!),03l
33l,!i32
1,21.5,111
517,9Ki»

No...

.t T. Iliiiite

Ft. Wiirtli

tOrumt

Nortnlk

2iri,H02

1G.'.047
&4«l,7dl

Kt.Dndift.

.V

I.!Ui«iiiit

Evansv.

A

N. v.

18C6

187.617
167,793

2,516..'i«0
3ti2,4lfl
i49,i)in

N. V. iJak'eEt'lei'weit;*-^'
18-5
.

IBM

7e.'..21l

•ii';'>l9
2,717..'iH/
4ii».84'l

Kio Or. W.'Ht.

A-

116.560
235,3 ?0

51.507
1x7.807
15,t27

813, H2

90tt.K2

Vnv n.

rn

I

12,(13
IJ-VIT-I

3,'<(U.>^r.7

74:»,-80
lO.rtll.Oiiii

A

Jan.

183 i.

Paul

llUnol*

C'hlr. \- Ka-it.-ru
ChU'iii,-" Mllw.

41

80.

2,o08.()4i 1,219,921
•mi.iiui

3^,.ii7.ne.^

,....:-

TO JDNB

1

197,300
1,27M.713

l,413.MtH

No..

CininillHii I'lirltio

Outrnl

I

THE CHRONfCLR

18S3.1

11.

'

Name.
Galveston Har.

A

Jan.

ApriL
San. An.-

18-6
1884

123,967
161.108

66 051
60,460

21,85

34,200

22,18;

iaxK

43,302
89,6»0

36,M2

t

I

to

Apra

*

t

t
288,047
285,272

112,080
124.104

SO.

«
.S»!,r90

012.126
949.596

202,968

99,704
179,112

105.734
77,298

299.81

123,500
134,333

Louisiana Western—
1»K5
1884
Texiis
1685
1M84

...,

A New Orleans-

70.344
•.

Grand Trunk of Canada—

88 96a

1X85
18N1
Det. (Jr.
l»-6

A

Or.

317,333
Jt

I

18.5.264
195,«3(5

8.1,209

947,4«9

69,840

1.069,15,

178,506
239,707

50,9«h
56,123

42,674
43,619

8,294'

1S9.202
202,620

33,324

18.560
20,896

1.3.730
15,:i54

Trunk

naven A Milw.—

1,S84

Mexican Central—
3

1H85
1881

12,606
4,R30
5.542
I
1.W.876
13.B08

$
171.513
230.302

t
i-.3!<l

244.110

A Ter.

Miiriran's La.

47,27»i

£
215,473
285,178

1S83
1884

ChicaKO

1

24,9(IS

65,818
74,06f
t

11,903
13.2ia

1,270.24-

601540

»5S.I4f

69,734

107.744
SW.033

1..309.401

486.423
184.097

66.r57
24,73*

45'>,4«3

IIR.-

16.-5

18M

821,806
262,704

214,082

146.793
63,712

80.2.36

17.: .828

Oregon Short Line—
1HK5
1884

56,953

1,191,411

236,421

102.661
df.52,B30

Including OS ner cent of eaminirs and entire working expenses of the New
York Penn.<ylvanla .4 Ohio lla-lrond.
+ Not incIiiilinL' taxes a .d rent:ilR.
* Expenses Include boih in 1^4 and in 1885 one-twelflh of the year's tnxps.
•

marked

their case is not sufficiently

to call for

any modifi-

Among

cation of the general conclusion expressed.

the

roads that have smaller net now, and had heavier net in

some or

may

the months preceding,

all

&

Burlington

Quincy,

be mentioned the

&

the Louisville

Nashville, the

Northern Central, and the Norfolk &
Western. The East Tennessee, the Chesapeake & Ohio
the Pennsylvania, the Philadelphia & Beading, the Nashville Chattanooga & St. Louis, and the Northern Pacific,

Union

make

Pacific, the

The following embraces

poor returns.

quite

all

roads from which returns can be obtained.
GROSS AMD XET BABNINOS TO LATBST DATBS.

RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
BXOHAIfCI£ AT LOlfDON-June
Oft—

Timt.

Otou

Jan.

Nft

'tfttratiruj

Frankfort...

Oroaa

Earnings. mxpcrvtet. Earning,

Atcb. Topeka

&

Santa Fe-

(
l.lSJ.nso

18W5
1881

1.313.3<}^

Baltimore

A Potombc—

18B6
1884
Burl. Cedar Kap.
1886

A

*
674.131
780.0(2

A

it

inea

A

A Quiacj—
Ft.

Uoige—

A

Oeurtila-

1886
1884

Xast Tenn. Va.
1885
1884

Fort Wui t J

1886
1884

1.072,323

s.'i»,a>»

175,086
164.110

64.290,
57,4i7J

619,^87
4«4,597

386,4.S2

228,105
71,317

847,112
Sia7,4U7

£00,003
214.361

49,820
67.048

S7,83S
88.U.4

12 071
19.372

2<W.247
204,903

118.788
106. 70U

88,851
91.35^

84,537

6«a2«4

14,837

610,098

8.0SI.901
i.dji.ia;

1.807,103
1,158,493

774.741

84U.74U

801

»7,7»l

a-2

24,1110

20,00.1

278.,IT6

i9j.4»l

230,067
l93,iU0

4a,'<41
IX),U7J

25,175
S»,336

Kenfcky Cintral—
18»8
1884

551,585
473,S9d

7a,043

•

2.'1 17,1)65

47.10«!
73.13B,

l,547,a»S

1.310.S93
1,463.943

We have had

141.950
1»2.2«4

80 144

2S,83S ol.476.653
99.701
1.636,469

4!«,.143

i63.no»
194,9»4

64.004
74.933

54 804

as,«4i

17,168
27.016

4.146,2^
tU,16l

5S1.M96

t0,4'.!9

1S..121

711 227
•HI l:«

301,187
«74 H7n

a Not tnciu u -K t le nrab fti,*. uay* oX
operated by receiver

i^^jo.

uu^.n^

821.243
aua,&U3

71.212

5.786.086

2,273.3'W

14,137

t>ti,7&<

1.102.411
1
:n« loi

A Nashville—

«r,),cu

S20-59

.lune 25

11

S<12-60

lune 25

11

l-,i-55

25
25

"

21

**

6

S-,'l.«

«

2.V-:4

',^5 Checks
25
25 3 mos.
'1
25
11
23
1'
25

243 „
25-19
......

4700

25
•1
23
2i tel. tsfs
•'
25
2i 60 day
25 4 moB
**
25

111187
Is. 62732d.
IS. b'sl.
4-i4ii»

3s. U's-'ld.
4». loiyU.

London. Saturday, June 37, 1835.
another uneventful week. With the excep-

and the actual accesConservatives to power, nothing special has
Financially and commercially the position is
occurred.
unchanged. The same quietude which has characteriiseii the
leading centres of industry for some time pait is still in force,
tion of the solution of the political crisis

4,387,3(50

4.0

...

[From oar own oorreepondant.

10.8Rn,4f«
822,6'.!9
9.S38/Ut9

4.91^

20-40
2U-30
2O-40
12-42

1235 ®lJ-60

.

1.18.1.467

A biover City

1886
18S4

LonliiTtlle

4,S,fl55!

32.217

fta,44:i

I08,i!8»

k Sontbwest.—

1886
1881
Chlcaisu Burl
J888

Des m\

0,302,78<1

Short.
"

.Iiine 2.3

June
II
26-41l4»23-46'.i June
..
"
2;-iu,r,«2:1is,«
Juno
8t. Petorsb'g
Parle
Short. 25-l-?i*-'.5-23% Juue
June
Paris
3 mo8. 23-.13 E'25-4>
25-60 -ai-'3-55
Juue
Oeuoa
14
June
.Madrid
46 («4< ig
11
Juue
46 ®4bl8
Cadiz
11
Juie
Llslion
5113i8a521i9
June
Alexandria
.
June
Ck>ii8tant'ple
Bombay
Juue
D'ui'nd
•1
Juue
Calcutta
Juue
New York...
June
Hone Kong.
Juno
8hanKhai
•«

Triestf
Autwerji.

bIk Sandy—

iBSa
1881

Ches. Ohio

58i,B«0|

RaU.
12 05

20-55

..
f<

Time.

DaU.

June 23

2055

LOND').'.

June 25 Short.

»2039

•'

••

Ohio

1886

BUzab. Lex.

$
B,00S.4S0

ine.oos

Canadian Pttclflc—
1885
1884

Baminga.

North.-

1884

Cbesnpeake

*
609,028

Bate.

AiuHterdam. 3 moB. 12 254 »12-3>4
«12-2
Ainstorrtaiu. SiKbt. 12 1
Hamburg;.. . 3 IU08. •20o5 a20-39
Berlin

1 to .Vai/ 31.

aXOHANOS ON
Latetl

Vienna
May.

26.

77.0:17

l.xil

'.

1-2

iimn the rood was nut

sion

of the

and there are no indication? of an early

alteration.

But

whilst all operations are confined within very narrovv limits,
we do not hear of serious troubles. The volume of husiness

unquestionably small and profits are cut very fine, but the
is that tra le is sounJ, if wantinir in vitalThere is no prospect of a sudaen boom. Speculation is
ity.
is

general assumption

;

:

THE CHRONICLE,

42

•dormant still, although the liberal subscriptions to the new
Chinese loan suggested the inclination to adhere less
strictly to the attitude of reserve and caution which has

Messrs. Pixley

bullion market

[Vol. XLI.

& Abell report

as follows on the state of the

:

Gold—The Bank has only received $18,000 since our last, the arrivals
a considerable amount of sovercieu* from Australia Uavlni; been

of

Whatever progress may delayed. owin« to the stoppage of tratlio in the Suez Canal. There has
been a slight demrind for burs for India. $20,0)0 having been sent to
be made will most likely be very slow; and it is doubtful Bombay per Khedive, and orders for German g.ild coin h»ve been met
from the Banic. We have received
whether any permanent improvement in business will take by the withdrawal of ig2l6,OO0
from New Zsaland. £14.000 from the East
hitherto been so well maintained.

place until the unsettling influences attending the general
The entire
election have been satisfactorily overcome.

absence of angry discussions respecting foreign political
affairs more than hints at a development of confidence if the
present government make good their position; and with the
growth of confidence an extension of trade may be considered
assured. It is better, so long as reasonable progress be made,
for trade to improve slowly but certainly, rather than to move
in leaps and bounds, which are almost invariably attended by
reaction, and frequently end in a disastrous return to the old
That a revival cannot proceel for any length of
XKisition.
time without speculation being generated is an axiom which
cannot be controverted, but the longer the speculative mania
is kept in the background, the better will it be for the state of
trade later on.

The position of the money market is much the same. The
approach of the close of the half-year has stimulated the
inquiry for loans, but only to a slight extent. Diy to day
per cent; and discount rates,
money is still plentiful, at to
Only
-whilst higher than they have been, remain very low.
unimportant changes are presented in the weekly Bank of

%

%

return. The proportion of reserve to liabilities is
rather less than last week, namely, 52'24, against 53'52 per
cent. Gold is still being taken for the Continent, but not in
sufficient quantities to counteract the reflux from the provinces; consequently the stock of bullion has slightly increased,

England

and

now

The reserve of notes and coin

is but
evident that money will remain
«asy for some time. The Continental inquiry for gold is of too
limited a nature to have much influence upon supplies in the
Bank, and is not sufficiently strong to affect discount rales.
Nothing but an important trade revival will disperse, or
reduce within fair proportions, present unwieldy balances.
The rates for money have been as follows :

is

little

£38,116,000.

short of £19,000,000. It

is

during the week ^822,000
and £30,000 from Central America; total. iSa.OOO.
Silver— Prices of bars have been maintained at 49'i«d. during the
week, and considerable business has been done at this quotation the
amounts that have come to hand from America have been sold for
arrival, and have, consequently, not exercised much influence on the
market. The arrivals since our last comprise £ i5, 230 from Buenos
Ayres and £68,>^80 from New York; total, £101,110. The P. 4 O.
steamer has taken £45.000 lo Bombay.
Mexican dollars remain at the price last quoted by us, 48''iiid., and at
this rate those by the Oazaca, from Mexico, £ 10,0i>0 in value, were
;

placed.

The quotations
Price 0/ Oold.

for bullion are reported as follows:

June
f.

25.

June

18.

J.

d.

d.

Bar Kold, due., oi. 77 9
Bar gold, contain'^.
20 dwts. silver. oz. 77 10«
Span, doubloons. oz.
S.Am.doubloons.oi.

77

9

Price 0} saver.

BarsllTer.flne..oi.

June

June

25.

18.

d.

d.

49 8-16

48 3-16

49 9-16

49 9-16
53 1-18
48 3-16

Bar llTer.contaln77 \Oii

tng5grs.gold..ot.

oz* 53 1-1«
Cake BllTer
Mexican dolB...oz. 4S 3-16

According to Kemp's Mercantile Qazette the number of
England and Wales gazetted during the week ending June 20 was 109 or 55 more than last year. The net
failures in

increase to date

is

263.

Tenders for £100,000 debentures of the Ceylon Government
will be received. The loan bears 4 per cent interest and the

minimum

is

99 per cent.

The new Oriental Bank has just issued its first balance
sheet and announces a dividend at the rate of 5 per cent per
annum.
The weather has been rather cold during the past week for
the time of year, and the growth of vegetation has in consequence been checked. The harvest cannot fail to be a week
later than last year, and unless the weather becomes more
genial the delay may be extended to a fortnight. The crops
generally look well, but warmth and sunshine are urgently
requisite to insure good quality. The hay harvest promises to
turn out well and the hay has in some districts been carried
in

good condition.

A

the grain trade.
has been held with more firmness, and has occasionally
BankBUU.
brought 6d. and Is. per quarter more money. Although the
Xonlon
Joint
market does not possess much real vitality, and buyers are
At 7 to 14 not at all anxious to increase their purchases, a change seems
Fowr
Three
Six
Three
Four
Six
Stock
MonthMlMontheiMonthe Months^ Manthe] Month* Banks. Cali. Davs.
to be coming over the trade, and were it not for the liberality
"i7
I « --jlXa -jlXa -l«:i2!<a ®2«29j'32X
1!<-1« of the Amnrican flour shipments, which keeps down values,
Mar ia
1»<
1
H- H some quotable advance might be expected at an early date.
June 5
I • -HH3 -tiMaiiiiKavi
1
H- H We may secure a fair crop here, but owing to the limited
n<(»2M2
H u
1
acreage under cultivation, it cannot be a large one and if
••
-'%
19
1
15-10;l>ia
IH-ilH 2 62;^ iM%m
H9
the American crop is to be something like twenty million
" 28
H»-\%<» -!»>iia-'i «8 ii^aa i^82>t I
H
quarters short of last year it is evident that our receipt's from
The following return shows the position of the Bank of the United States during the new season must be on a reduced
Compared with this time last year the quantity afloat
England, the Bank rate of discount, the price of consols, scale.
but not suflicient to
still shows a considerable increase,
the price of middling upland cotton and wheat, and the Bankers' counterbalance the diminution in the stocks held here. And
Clearing House return, compared with the three previous the excess in the visible supply in America is now only
The statistical position is therefore
bushels.
21, .500,000
years
promising some improvement in prices, but there cannot be
1885.
1884.
1883.
1882.
Clronlatlon.^xcludlng
«
«
great change so long as business runs in its present
"day & other bills.. 24.912,005 2.'>,31.5.320 25.473.99-. 26,070.915 any
However, as the grain now appears to bo
restricted groove.
Public dHlH>Hlt8
7.S70.886
9,8»».08l
8.589,313
7.678.483
Other deposits.
28.239,398 23,790,122 22,0U,e.)8 24.801,983 in stronger hands than it has been for some time, there is less
Goveruiu't w^oiirittea. 13.79.J.3U 13.H13,513 13,314.^98 13.780,0711 prospect of sales being needlessly forced, and the trade may
Other Beciiritiea
21.191.099 21,991, 216 22.102.68d '22,509,727
healthier appearance altogether
Ee«' ve of notes i coin 18,954,668 15,875,895 ll,734,9uO 14.059,996 now not improbably assume a
but at the same time it would not do to entertain the
Coin aud bullion in
both departments.. 28,116,673 25,441,215 22,433,763 24,380.941 sanguine hope of a decided rise of a permanent character.
Proport*ii of reserve
The following return shows the extent of the imports of
to liabilities
52-24 p. o.
46''8 p. 0.
43 P.O.
41 U P.O.
cereal produce into the United Kingdom during the past
Bank rate
2 p.
2 p. 0.
4 p. c.
3
c
Coasola
991i,„xd.
43 weeks of the season, the sales of home-grown produce,
lOOxd.
lC036xd.
99i59Xd.
Edk. wheat, av. price
33k. 2(1.
37fl. Od.
42s. .!id.
46s. ild
the average prices realized, and other items, compared with
Mid. Upland cotton..
5iiod.
S'ad.
5>«d.
last season:
Na 40 uiule twist....
fiSgd.
9d.
9%d.
9'ed.
Open mairtut

Interest allowed
for deposite by

ratee.

slightly firmer tone has characterized

Wheat

ma

;

W

-

|i.

CleatlnK-Houae

The Bank

ret'n. 91,083,000 97,327,000
rate of discount and open

«hief Continental cities
have been as follows:
June
Batetof
mttrettmt

BMIlk
Rat*.

~8

now and

29.

June

for

18.

Optn

Bank Open
Market BaU. Market

June

Open
Rate. Markol
~~2><"

2«

~S

Frankfort

ait'
3
3

Hanbont

3M

4
4

4

*H

8

4

2«

2!i
»>«

2K1

«W

8

11.

Bonk

4
4

Pari*
Berlin

June

Bank
Rate.

4.

Open
Market

~»

2?<

2«
2«

Wlieat
Barley

Oat*
Peas
Bean*
Indian corn
Flour

1884-5.
cwt. 43,757.848
14,315.299
10.25 <.963
1,676.014
2.772..505

21.665,036
14.050,222

2«

1883-4.
40.825,634
13,069,fi83
9,759. 3S5

1882-3.
53,647,428
14,^04,296
l.',16%rt41

1.797,835
1.721,677
I,5.i2.l33
2,297,8«1
17,363,958 13.012,270
7,005.161
13,936,754
(exclusive of stocks on

1.498.281
2,179,665
21.775, S19
12.a37.904

Supplies available for consumption
1) in 42 weeks:

1883-4.

1882-3.

Total

2>i

3

2«

2«

8

Madrid

4
4

4

4

4

4

»%

8«

«

8

6

4
«

SJ4

Pelcnburg.,
Con«nh«tf«n. ..

6

8

SW

8H

8W

8«

8!4

1881-2.

40.825.631 53,647,428 48,294,828
ll,'i50.2J2 12.317.904 l:i,936,751
7.905,164
Iiup'irts of flour
Bales of home-grown. .35,802.300 35,777,271 38,149,000 29.852.600

Imports of wheat, cwt.43.75 7.8 18

4

»4.

1881-2.
48.294,828
11,3.M,1!50
8.3.57,531

September

1884-5.
8)4

4
4

3
4
4

Bt.

IMPOSTS.

85,153,000 104,918,000

market rates at the
the previous three week

93,610,370

88.910,809 100,033,132

86.0)2,593

of the sales of home-grown wheat, barley and
oats in the lea<ling markets of England and Wales during the
past 43 weeks of the season, tojj;ether with the average
trices realized, compared with the previous season, are shown

The extent

f

n the following statement:

..

JPLT

..

THE CHRONICLE.

11, 1886.]

18S3-84.

lS8t-S8.
At'ga

Salt:

:

U

3,490.021

Wlinat, qr».

Salei.

I'Tiee

1882-83.
Sate*.

'S^
I.

rf.

rSi

<t

'

*.

d.

It

8

3 2
.0M.323 31
273,72(1 20
JJ 4
Converting qtiiirteni of wheat, into cww,, cbe tuMis tur me
whole kiiunlom are e8iimatt><l as fullowa:

Barley
Oato

1884-5.
ewt. 35,802.3J0

Vbeat

The

followlnj; Bhowa

1881-2.

18«2-3.

lH8:<-4.

38,449,000 29.H5i.000
the quantities of wheat, flour and Indian
35,777,271

corn afloat to the United Kin^dDm:
Al urtMCHt.

Wheat

qrn. 2.28.-).0O0

Mul/.«

Laul week.
2.512.0O0

Livtt f/ear.
1 .7I1!>,000

241.IKX)

227.000
419,000

232.000
327,000

rionr.ioiialtonrs
ijrii.

281.000

1883.
1,7';5

000

182,000
314,010

43

irr.- >Th« following table show*
the riMi'iplH and imynients at tlie
tlie Suli-TreaKurv in this city,
aa well as the balances in the same, for each day of the past

week:
Batanett.

DaU.

Beeelptt.

Paifmenlt.

Holiday

July 4.
••

I,6'i6,.50«

1,740.0.'>I

1.043,3-l«

"
"
"

10.

1,6V|,017 38
1,461,155 54
1,154 662 -.2
1.510,098 94

rotal...

16,471 00

AK.

Uon.

Wtd.

Tut*.

'.',.

<9»,8
49Si«
surer, peroi
d. 49 14
99" 1. 99^
Oooauin for money
99»,«
99KII
Oonsole for account
9M!W
99>lii
Fr'oh rentt>e(ln Paris) fi SI 20
80-92>a 8087i«
116
115\
D. 8. 4)«iof 1891
126
126
U.S. 4a of 1907
126
41T„
41 Tg
42
Ouadlan Paolllc
78ii»
73
7308
^lo. Mil. A St. Paul....
14
I0>«
10
10
Brie, oomnton «took....
I29I4
mitiolK Central
129>9
129
Peniisvlvaula
48 <4
48 >4
48!>s
PhllHtfnlphia »i Readlna
f>\.
7
7
Waw VorV f',.ntri»l
88 M
88

49 U

493,8

90 »8
99 »8
80-87 >«
115^8

U5\

126
42

I

09 'b

8110
U5»«
126>8

m.
4914

100
100
8l-i2>a

lie
126

4-JiD

4218

7314

7»»8

75!|»

10
129 >«
49 le
7

10i«
130I9

lUDg

8-"8

9o3^

50 '4

"H

130\
41f8
8

inns.

Commevctal and ^Xtscellaueous ^zvjs
Imports and Exports for thb Week. —The imports of last
week, compared with those of the preceding week, show an
increase in dry goods and a decrease in general merchandise.
The total imports were 16.845,285, against 16,819,567 the preceding week and |i6, 1^8.904 two weeks previous. The exports
for the week ended July 7 amounted to 15,484,690, against
1:6,915..587 last week and $6,971,919 two weeks previous.
The
following are the imports at New York for the week ending
(for dry goods) July 3 and for the week ending (for general
merchandise) iJuly 3 also totals since the beginning of the
fliat week in Januarr:
;

roRBiait IMPOSTS 4T

For Week.

1882.

raw

1884.

1H85.

Oen'liuer'diae.

Total
Since Jan.

Dry UmxU

82,703.133
7,061,254

$1,919,592
5,638,140

$1,506,473
5,338,812

$7,570,274

$9,764,387

$7,556,732

$6,815,285

»fl8,«9S,873i $04,445,761

»60,097.3I>0

193,307,9^5, 175,604,782

169,709,554

$49,188,707
145,122,612

I.

Geu'l luer'dise..
lV>tal

$2.0S5,741
5,474,530

27 weeks, *261,806.658 $240,050,.'>43 $229,866,934 <H9t,311,319

In our report of the dry goods trade will be found the imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
pecie) from the port of New York to foreign ports for the
week ending July 7, 1885, and from January 1 to date:

:

Jfny.

,

.

—1881-5.

.

1885.

.

1884.

$312,425
216,841

.$239,316
Oro«« earnlnKR
189,289
Operating expenses..

Dee.

1

:

;,/
i.'V

:

lo

May'iX,-^
1883-4.

$1,368,977
1,113,188

$1.6^4,031
1,289,619

$101,382
$7,000,000
stock the privilege of subscribing pro rata to $700,000 second
morteage 10 per cent bonds, the proceeds to cancel the $600,000
floating debt of the company and give a working capital of
$100,000.
Net earnings

$50,027

$95,781

$J5J,489

—This company will soon offer to the holders nf

—

its

—

Pennsylvania. Junction & Brcakfrater. The Pennsylvania Railroad Company is about coinplei,ing negotiations for
the purch.t^e of the Junction & Breakwater Railroad, extending from Harrington, a distance of 81 miles, to Franklin, and
penetrating the moat prolific sections of the D.'laware PeninsuU, It has a branch to Lewes and Rehoboth Beach, and has
formerly contributed its tonnage to the Old Dominion Steamship Company,
Toledo Cincinnati & St. Loais. The appMntment of Gen.

—

John McNulta,

of Bloomington, 111., as receiver of this railW, J. Craig, is not acceptable to the Quigley

way, to succeed Mr.
committee.

Wabaiih
seem to be

St.

Lonis

& Paclflc—The

affairs of this

company-

drifting on without reaching a climax. By the
loss of leased lines the mileage is cut down from 3,516 miles
Mr. Bald, the representative of
last year to 3,776 miles now.
the English holders of the general mortgage bonds, has about
finished the work of examining the system, and it is understood that he will recommend reorganization on substantially

suggested by the executive committee.
& Trust Co., as trustee, has filed a crossforeclosure suit to procure a separate receiver for the St. Louis Kansas City & Northern.
a-<

The Farmer's Loan

bill in

Dry Oowlx

«t!

—

the same basis

tobk.

1883.

077

'

5,811.306 40

.

Thur$.

"1 'O

'-<''

<

..,.- :.
._ ..'...
791,578
,
1,169,784 02 I5&,.'>77,49i 66jl9,»7J,06j

.

London.

'''

l.nilMiOl

Orfiffon Improrement Companr. This company's statement
for May and for the six months from Dec. 1 is as follows

BnKllab Pln«ael«l IlIarkeM— Per Cable.

The daily oloeing quotations for securities, fto., at London
are reported bir cable as follows for the week ending; July 10:

'" ''' ~^^

42

6.
7.
8.
9.

"

Ommney.

OotH.

the

Wabash

Wheeling & Luke Erie.— .\

foreclosure suit against the
filed in the United
States Circuit Court at Cleveland.
Wisconsin Central. A press dispatch from Milwaukee,
July 8, said " The Wisconsin Central Railway Company has
at last taken a decided step toward securing an outlet to
Chicago and the East, and a fine of road is to be built immediately from Schleisingerville, on the Wisconsin Central, to

Wheeling

&

Lake Erie Railroad has been

—

:

Chicago. An extension company has been formed for the
purpose, with a capital stock of $30,000,000. The incorporators are Henry Alison, Edward Alison, Halver Olson, Edward
ZPUBT8 ntOM Haw tokk pok ran wbbk.
Olson and Henry Olson, wealthy business men of Chicago,
who also form the first board of directors of the new com1882.
1883.
1884.
1885.
pany.
The organization has been incorporated and the
$8,025,111';
Fertile week...
«5,780.7.*.8
ie,8.S6,593
$5.4'<4,690 charter issued to the Wisconsin Central Company,
Work
Prev. report«<l
158,555.09 ;
176,917,824 151,936,791 166,809.048 will be commenced on the new line at once, and it will be
Total 27 weekg. $166,580,114 $182,728 582!$15P,793,38; $172 293,736 pushed to completion as rapidly as possible."
Attention is called to the Council Bluffs City Water Work.*
The following table shows the exports and imports of specie
at the port of New York for the week ending July 4, and Company's bonds offered in our advertising columns by
since January 1, 1885, and for the corresponding periods in Messrs. Allen & Stead of this city. These are a first mortgage
85 year gold 6 per cent lx)nd issued by a corporation created
1884 and 1883:
under the laws of Iowa for furnishing the City of Council
XPORTS
IMPOBTS Or BPBOia JIT ITBW TORK.
Bluffs with water,
Xxportt.
Imports.
The Canadian Pacific dividend, as guaranteed by the
Sold.
Dominion Government at the rate of 3 per cent per annum,
Week.
Week.
Since Jan.l.
Since Jan.l.
has just been declared pavable (\\4 per cent semi-annual)
ereat Britain
$264,300
S
*
$
August 18, by Messrs. J. Kennedy 'I'oa & Co,, New York, or
Frauee
9,562
1,412.991
Germany
63.001
3,003.056 by Morton, Rose & Co., London.
West iDdleg
103,306
S.529,412
32,474
701.400
^The County of Hampden, in Massachusetts, offers a loan
Mexico
7-4
24,:>sa
Booth Aaierloa
3',6bo
195,672
2,260
229.218 of $175,000, the proceeds to be used for public buildings. The
11 other ooautrle*.
5,500
224.216
63,267 bonds run for twenty years ami bear 3 or 8J^ per cent, as the
offers maj'^ propose.
A municipal loan in Massachusetts is
T»tal 1885
$111,800 »6;28.-.,5fi3
»35.S18 $5,434,717
lowest figures.
Total 1884
44,3Jo 87,721,579
558,733
5,912.5.13 e.xpected to go at the
Total 1883
218,890
18,125
4,806,.5i«
Aaction Sales.—The following were sold at auction lately
by Messrs Adrian H. MuUer
Son:
Silver.
Sreat Britain
$248,500 $7,572,97S
Share*.
Shares.
$21,332
$
Pranc^
13,310
28 B^nkof America
189%
340,*23
76 202 Oonsol. Oils Uitht Co,.93-93i«
240Brooklyu
Ga.s
LigUt
(itlaii.l
Nat. Rk ....115
1,450
Co..l29>9 22 l.,'>ng
83,958
West In.iles
192 Vas.ail (J^is LUllt Co...l25-'s 1,000 Kvenliig Sf ir Silver
1,200
26."i',392
202,413
25;407
.

—

xm

—

—

.

&

Mexico.... ...........
South AmBrtoa
Ail other countrlea. .
Total 1885
Total 1884
Total 1883

2,606

8,235
406,124

$266,460
150,)0U

$8,614,531
6,88.\402

170..584

7,087, 18:i

3.299
8,530

$37,236
20.793
26,439

193,u.i3

458,440
7,108
$948,381
1.9S.!.412
2,0h9.'Ji5

Of the above imports for the week in 1885, $1U,444 were
American gold coin and |1 7,014 American silver coin. Of the
exports during the-same time, |7,000 were American gold coin
and |2,650 American bilver coin.

50 .Metro|)(>l(taii Nat. Bk ...
7'«
20 Amprican Exrii Nat. Rk.ll8^

.Mining Co. of Elk Moiin-

Onunisou County,
38 Rntch.ft l)rover»'.Vat.Bk.l50>4
Colorado
2>4C. per tb.
2,027 Union N if. Hk. of the
7 Central Park North A
Ciiy of New Yoik
145
1 42
£ast Hlver RR. Co
lOOCitljens' Klre Iiis. Co....l30ig
150 Hay ward HiihUur Co. ot
Bon</jt.
ColrhPKter. Ct
.fiOO Metropollti tJai Light
40
25 KiiifkerlTOc-kerTrHM 00.101114
Co «n coup duo 1901
115^
70 .Vtuciiciiii l.oan A Tr. Oi.lOOS, $1 .Olio
(if N. Y. 7a Cnito J
M
67 -M imifactiirfrs' Nat. Bk
due 19.10. 137 A lot.
taiD.

1

On

of Brooklyn
2 Eighth Av. RK.CO

129

260

,

V Citv 7»

$:
1.

iyl3

Water
1174(&lnt.

8

:

.

:

'THE CHRONIGLE.

44

ghe

Railroads.
iV S. Fe (quar.)

Aug.
Aug.

Atchison lup.

I'd

CaiiHdiin Haritio
E»Bt PeiiofylvMnia

M

LluleS'liiijIltll
Mine Kill & S.liuylkill Haven....

Bl

Rocbester

& m^Ti. (quar.)
Insurance.

8t. PaUlMliii'.

50 July
July
75 July

—

i@i

Clinton Fire
Coniini'nial Fire

3^

Globe Fir*

5
'.

7 to July I'J
7 to July 15

1 July 19 to

Aug.

'20

On detn.
on dem.
On deni.
On dem
On dem.

3

Guar.iian ^irrt
KntrlreihiM-lc rFire.,
Merc»nille Firn
NcwY' rk Equitable
Kuteei'8 Firu
United -i^tea Hre

July
July
July
Aug.

3
3

6
5

Cannal.y Co
Union TruBt 1^". (quar.)
a.

b
1

On dem

21a

.Inly

Paris (francs)
(guilders)
Pi^nkf ort or Bremen (reiehmarVR)

—The following are quotations in gold for various coins

$4 85'sa$4 89'2
3 9t
3 88 - "
4 74 ® 4 78
«
4 00
96
3
't>an"bDoubloonB.15 .'.S ®15 70
5.t
6s
15
alo
^fet. Doubloons..
0713
Fini silver bars .. 1 06^8 9
I4
preui
par
/*
Fin-» gold bars
DimrtsA ij dimes. — 99\» par

"

X X Beiohmarks.
X Guilders

1

Sliver "48 and 'as
Five- •franca
Mexican dollars..

99»»»

par.

a. S. ailverdollarti-

99>%9

par.

1

10 July 7 to July 10

VOttK, FKIOAY. JULYie, 1SS5-5 P. M.
Market
and Financial Situation. The new
Money
The
half-year opens rather favorably, although it must be admitted

NBW

—

that the cheerfulness noticed consists rather in the absence of
bad things, than in the development of anything particularly

4 861a

Ameterdam
Coins.

10

4

Prime bankers' sterling blUs on London..
Prime commercial
Documentary commercial....

Sovereigns
N*v>«leon9

Ou dem

misccllaneons.

Demand,

1

21
11 July
15 July

New

July 10.

IS Tuly 11 to

18 July 23 to Aug.

Aug.
5
5

American K.\cuauge Ftro

Fidelitj

New

rates of domestic exchange on
at the under-mentioned cities to-day: Savannati, ouying
premium ; Charleston, buying i prepar, selling
mium, selling 3-16 premium; Boston, par@2J premium;
Orleans, commercial, 150 premium; bank, 200@250 premium;
St. Louis, 75 premium ; Chicago, 40 premium.
The posted rates of leading bankers are as follows :

York

'

&

XU.

The following were the

Igaukers' Cfiagctte.
Ol VIDBN08.

Th* foUnwtQK dividend* have recently heen Mmoanoed
Boole* Ototed.
When
Per
iramt of Company.
(Days inclttHve.)
Payable.
cent.

Portland

[Vol.

United States Bonds.

— 92 a — 94
— 84ia* — 85
Do uncommerc'l. — '3^* — ....
— 76"^* — 7714
Peruvtansoles
English «ilver .... 4 7« * 4 84
B'^H ' - .—
U. 8. trade dollars
"—

— Government

bonds were only mod-

erately active the past week, and prices are about steady.
The closing prices at the N. Y. Board have been as follows:
Interegt
Periods.

4i«8,1891

reg

1891

coup

July

July

July

July

4.

6.

7.

8.

July
y

July
10.

•112% •I12%*U2%
112:ij ^11241 112% 11278
.22»p 122% *l22«ll 12-..% *122%
122 V 122%' 122^ 122% 122%
•loa'e l(l3''8l 10:- '8 *li S\ 103%
'1125^
•112«»

-Mar.
-Mar.

good.
There has been a growing feeling for some time past that the
worst effects of the crisis of 1884 have already been seen, and
that the bottom of the downward grade was reached some
weeks since. This impression has also been confirmed in u
measure by the fact that the first of July has now passed without bringing many new railroad defaults or mercantile failures,
and this semi annual turning point is always watched with

4>«a,

more or less interest.
The railroad earnings

State and Railroad Bonds.— Quite an active business was
done in State bonds on Monday, since which time dealings
have been light. The total transactions for the week were
125,000 Louisiana 7s consol. at 77; $10,000 do., ex-coupon,
at 64-641^00; $1,000 Missouri 63, 18S6, at lOlJ; $2,000 do.,
1887, at 104; $2,000 do., 1888, at 105}; $1,000 do., 1889, at
110; $1,000 North Carolina 6s, 1919, at 112; $1,000 South

for June, published to-day on another
exhibit, and this, in connection with the
recent measures taken for the restoration of rates, give a better
outlook for railroad profits. It is argued that the past year
1884-5 has been worse for those railroads affected by the ratecut ing than any year that they are likely to see again; and
hence the profits of the past twelve months are taken as a posipasre,

tive

make

a fair

minimum, on which the future must show an improve-

ment.

The agricultural condition, which is so exceptionally good
in the South, and fair throughout the country (except for winter wheat), has much to do witli the prospect for fail business,
and lends encouragement to those who look for a gradually
improving

trade.

reg

1(<,1907

18,1907

—

coup

reg,
3s, option U. 8
6j, our'oy, 'ys. ..reg
'96.
..reg,
our'cy,
63,
6i, our'oy, '97. ..reg.
- . reg.
63, cnr'oy, '98
ree.
6s,oar'CT. '99
*iTIiig is

-Jan.
-Jan.
-Feb.

•12714 •12738 •127.''« *127i8
•129 V4 *1'2938 '12919
'129
MHOV, •13OI4 MliO^ •131 ,*1311s
*133kil ln388*I33l«
•13:114 133
135>4 13598*13518
135
135

127 14

& J.
A J.
& :.
A J
A J

the price bid at

tlie

•129

morning board

:

no sale was mado

Carolina Os, brown consols, at 107.
Railroad bonds were dealt in fairly when compared with the
dulness of the stock market, and the tone of prices was generally strong, with some classes advancing quite materially.
West Shore 5s and Erie 2 Is continue to show con.siderablc animation, and after exhibiting some weakness early in the week,

became strong, and advanced. West Shore 5s close at
Mis37J, against 35|^ last week; Erie 2ds at 54, against 50|;
Texas gen. 5.9 at 03, against 01; do. gen. Os at
souri Kansas
Erie conT5J-, against 74f ; do. consol. 7s at lllj, against 109;
sol", gold 7s at 119, against 115}; Central Pacific gold bonds at
lllj, against llli; Metropolitan Elevated Ists at 113, against
Pacific Rios, coupon
110|; do. 2ds atl02}, against 101; Texas
Oregon Short Line Os at 92|, against 92.
off, at 48J, against 51
latterly

Reports of a comprehensive arrangement between Mr. Van&
and the Pennsylvania Railroad officials, covering the
vexed questions pertaining to the South Pennsylvania, the West
Shore, the competitive roads to the coal fields, &c., have been
rife all the week, but no definite facts have been obtainable.
&
Rates for call loans during the week on stock and bond collaterals have ranged at 1@3 per cent, and to-day at the same
Railroad and Miscellaneons Stocks.— The week opened
Prime commercial pajier is quoted at 3@4 per cent.
figures.
The Bank of England weekly statement on Thursday showed on Monday, July 6, with a very dull and featureless stock mara loss in specie of £279,161, and the percentage of reserve to ket, no events of any importance having transpired during the
two days when the Stock Exchange was closed to affert prices
liabilities was 44 5-16, against 48| last week; the discount rate
remains at 2 per cent.
The Bank of France lost 1,200,000 to any extent. At the opening there was some strength manifested as a result of a stronger London market, but prices soon
francs in gold and 1,365,000 francs in silver.
The New York Clearing Hou.se banks, in their statement of sagged, and remained very dull and generally weak till WednesJuly 3, showed a decrease in surplus reserve of $1,780,523, day, when there was some reaction, led by the Vaiiderbilts and
the total surplus being 101,607,900, against 103,394,425 the <;rangers, on a vngue rumor of a settlement, in some manner,
On Thursday there was more animaof trunk-line difficulties.
previous week.
The following table shows the changes from the previous tion shown than for some time past, and prices were generally
week and a comparison with the two preceding years in the strong throughout the. list, with only a partial reaction near
the close.
averages of the Kew York Clearing House banks.
Rumors have been current for some time past of negotiations
1R8.%.
IHtfer'neetfr'ml
1884.
for a settlement between the Pennsylvania and Vandcrbilt
1883.
Jitly 3.
Previous Week.]
July 5.
July 7.
interests, and they assumed more definite shajie this week than
liOanHanddls •ii307,W6.400 Inc .*3. 470.000 $292,R08.90O S32S, CSS, ,201 ever before, though no precise information has yet been made
1 14.1 IM, 600 Ino.
Specie
lt;3,0)0l
60,8 1 8
6; ,7»!l, o.
public in reg.ird to the matter.
The rumors in this connection
9.-:^!) 'OO DttC.
Circulation
7 1 K)0
4,437.r.
612 30
NetdettoHltfi..
380.70 -.S'lO Ino. 4,035.300 29",3"i,()00 322 ,318, ,20" have been an important factor in the stock speculation for the
4-^,088 O0< Deo.
Legal teu<lerH.
91 ,7001 28,027,000
week, though the strength is undoubtedly due in part to a natV!4.,431 ,700
Legal reHerve »9.'>,1«».7no Iiic.*l,008.82i $72,.'576,000 *=o. 587 ,r.50 ural reaction from the recent decline, assisted by the covering
Beserve held
lot).807,tiOli Dbc.
777,70i>
88,-7ij.80O
87, 231 ,2 lO in short contracts.
debilt

;

II

.

Bnrplnii

*«1 ,"^07.90' nei>.*l

—

7><«..">'2-"

iHl

B,''0'?.aoo

»fi.«44,l-0

Sterling exchange continues very quiet in
though there was a temporary increase in the dem md for
eight l)ills early in the week, which caused some drawers to
advance the rate for that class i cent on the pound. Otherwise
the market is unchanged and dull.
To-day the rates on actual business were as follows, viz.
Bankers' (W •iavs' sterling, 4 84i@4 84 J; demand, 4 85};44 80.
Cables, 4 86@4 86^.
Corainereiai hills were 4 83i@4 83. Continental hills were Francs, 5 20|@5 21J- and 5
18i@5 ISJreifhniMrks, 84|(a94} and
95i@95J; guilders, 40@40i and
401®40j.

ExchnriifH.

tone,

:

The grangers have been

quite strong, especially St. Paul, in

which stock there has recently been an accession of strength on
the acquisition of Mr. Annour of Chicago as a director; also,
the granger roads continue to show good earnings, and with a
fair

spring-wheat crop their

traffic will

probaUly

i)e

well kept up.

To-day prices were generally well supported, and Lake
Shore advanced fully 1 per cent at the first Board. In the
afternoon business was dull, but Lake Shore and New York
Central held most of their advance, closing at 58it and 88|
respectively.
Both to-day and jireviously the principal buyer
of Lake Shore, New Y'ork Central arid West Shore bonds has
been a broker who.se orders arc sujipo.sed to come from a ))rominent banking house closely identified with London interests.

.

Jtoy

.

..

.

TRK

1«M.]

11,

5

.

Monday,

Batnrdagr.

July

July

i.

WEEK ENDlNO JVLl* 10, AND SINCE

Tuesday, .Weduwtdar. Thursday,
July 7.
July t).
July U.

tf.

;

45

HIOHKST ASn LOWEST PRIOBS.
STOCKS.

1

HRONICLE.

(

- NKW TUUK STOCK EXCHANGE PUICEH FOtt

1

Fnrt»r.

I

July

lu.

9}

9}

JAN.

18^5.

1,

for Koll
Year IHKi.

Hklesof lUnmiHtiiMJkn. 1. 188S.
the Week
(Shares)
Lowest.
Hlubmt.

Low. HIch

ItA ll,K<>\l>H.
Albain* vt stimjiiehMuiitt
MoHluii.t N Y. Alr-I.liiii. pref.
.Mo.

('•il. ititpKla .1

BuillliKl.MI

I'Ht^ttto

«•«

40'«

Catitblit .s«Httli..rii

80^4

3U»«I 'JU^g

CaiiMiliiiii

KiilU .« MtiineHUtA
Ceiilrul l..v»'n
„Ceiiti-iti of N'hw J*»ni6y

tO*t

<r'M"
3Ul«

40','

iW,

'Vl^'i'i'i 'Vlii'ViJi
!«I34 31
3U^| 31

30<a

«»4

9'4

SHS,

.lOW.

S<iS

39

30 "s 30 '»

SOU

3UI4
4^^

0«t1ifcr

Ceiitr.tl

37'«

37'.

S7-1,

30

t'in-iiic

Okeaap'-itki.

.«

37 .Is'

30

lU'ft

4

l«l|ire(..

4
MI4

H

Alton
Kurluufton

-41,
R
137
137
f20<^ 127
"()'. T2
TJ't 7:<>i,
lIH^j ion
1011
109 >«
V2'4 03 S' 9.S
04

.

^.'^7^ 137>4

it

I

>t

71

St. Hiinl
prut.

CtaU',»K<>
1)0

A

71-'4.

9A
12s
V^T^Vito,' l'.i7',
USKi' 11S<«11«V IIU

9'J

ViH

US

\

U

ChliJinuSi. l.iiuiaA PlttsUurf;.
pr«f
)o
ChlcjiRU HI. l"»al Mtnii. <t Om.
I

110

CleveluiKl I'ol.cin.

A

prof.
Indlaiiup.

Clevi'l.iMil .s l"ltl.tlMlr)t. rfiiiir...
Coliiiiilnit .t <irf«-ii\-ilU». prof...
I)«law.it'o L;icka\viiiiiia >.% Weat.
I>euvt'r
Itio t.raii.le

7'2i4

7'J'ii

S0>4

3034

9?>4

93>4

A

72 V 72

'.!1>9

21

72'«

7:i"B

12H1-4
llt>>4

92Vi
4»,

4»B

Du

i't

«'(

6

67 •«
58
97 •«
76 "a 7.1 "a
35
35(4 'si'vlss
fiei4

(.Hlaiiil

Naslivtile
Louisville .Vow AIliiuiy.% Chic;
Uaiiluiltitii Kloralftl, courtOl.. .
.c

Ion lioui-IM'o
Meui|»iiis .1; 'li:trU'-*ton
MetnipolitJiii Klovaloil

35

1

35

_.
I'oiitlal
liU. L. Shore .t vVertrni. pref..
UtnueaiioliH .% St. LoQla.
IJo
pref..

B4%

MlchiKoii

Kansas A Texa9

2-Jla

72

73"!,

94 'H 95",
4^4
S

17«8
95"^

18

9iH

Kwrtex
.St. [..onlS|

New York I'eiitral A KiidiMU..)
New York (;hic. Jt St. Umln
Do
pref.
New York Lack. A Western ...
New Y'urk Luke Erie A West'u
Do
uref.
NewY'ork A New Bnglaml
New York New llavou .t Hart.
New Y'ork Ontario Jt WoHteru.
New York susij. A Westeru ...
Do
pref.
Norfolk A \Ve.-*tem, pref...
Pacific

86=8

84',

191
191
•24
•24
,<0
an
12034 1267, 12ti'4 12ii"a

1^

2

SliVa

5S

7.1%

75'\,

"os'ii

iisy •9514 95 '3

55

Hi

37
125
3S

67 « 68 Ij

tiioA MlH^tssippl
pref.....

OreKon short Line
Orevou .V rran.-«-C'ontjnentaI...
Peoria Doi-iilnr
Phllailolphia

A

37

28 »4

29

17 Hi
95'*

9o>3

951,

122 >a 122 Hi

12:1 la

35

SiJ'e

>125
5314

53%

29

17% 18

17%

17'a

9o-\

KvaiisvUie.

.ft

ReadiuK

Do

A c:hlo.

29

18%

93%

go's

8
123 Hi 122 Hi 122 Hi
38
boU 87
87
88

'84% '85%
4S4

43^

89^
9>S

2>,

*2

«4% 5
89 '» 89 »

6
90

(i's

10%

10'4

90 Hi
10 Hi

li",

19 'e
183Hl

19Hi

19Hi

a
M

14%
•iei4

17

39% 39%'
,

15

^

-a

13'.

13%
13%

131s

9
14

lOHi
39Hi

%

U%
10%

7%

7"«

d'i

*10>4

17

39% 40%

39%

^

Imnvitle..

Rome Watertown

16

12% 13%
8%
&%
I414 14%

•It
17
40<4

7%
16

17%
41

•5

13%

13 Hi
9

14

16%

2%
Bi,

89% 89%
1014 10%
22

22

7%

7%

•14

16

17% 17Hl
40% 4U%

51
2OH1

6OH1
2UHl

50

SO

60

m

1

t-j

)

/

1

Dnluth

Panl

Panl >liiinfap.

Do

pref

TexaM oz I'acllic
Union Partrtc
WTabasl) St. Louis

.t

A

I

1

I

Hi

MO
•30

82

60%

60% 60%
20
21%
3

SO

79

KHlHl

981-1

11% U%i
31
31%
Paoillc

3

able Co
Banker!*' A .Merchants' Tel
Coloratto Coal .It Iron
ConsolidatHii i;a» Co

79

100% 100%
11% 11»<
60
4

61%

09
99%
11% 11%
49% 51%

4

31% 31%
83

84

•99

100

11% 12%
51%
•3% 4

30',
•6

61

.

92% 92%

Dolawan? A llutlrtnn Oaiial
OroKun Iniprovenielill'o
Hallway Jt Nav. Co

Pull man Palace Car
Quicksilver .MlnlUff

7'J% 76

Hi;

48% 48%

Co
Co

116

Do
pref
Western Union Telexraph
American

.,

stales
Weill.. ParKi>,t
tjiiiteil

,

Co

IXACrriVK STIirK!».
.V .Santa Fe.
Cblcat-o A Alton, pref
ClnriMMMtl sjinilM-'kv A Cleve.

8%

200 18
115 12
38 173
7X0
6%

9

6.702

s'.i's'e

Si

2.210
lO.O'iO

60% 50%

•2%"3

116

140
95

92% 92%
76% 76%
4714

I

113

7

•1«

30

18
30
84

97
12

99
I'.'ii

50% 61%
•3%

4

•8

7%

9.1

8:

Jan.

8'

3o:

May

2

12% Jan.

6

8
175
7

44

Mar.

l%Jan.

4

19

71

July 9

I

7% Juue2t

1'2

14 's Mar. 21
10% Apr. 8
7% June 9
13 May 29

21

o
18

1»<

4%
17
14

37%

161

1
*J5
14% 25%

2'

Jan. 11
Jnlv 9
Mai-.
Ajir.

iJI^

1%

Feb. 2'<,
8 Feb. '20
2334 Feb. 2S'
19 14 Feb. 2H.
3

.5Lav

90

45

1!>.

5

11%

27

8»i

24

6% 34%
7
17%
16',! 60%

i

Apr. •211
15% Feb, 27
19 Jan, 2
15

I

'

'

94
62

9% 10
75% 77%

93% 9314
77% 78

74

73'g

74

10

10

10

10%

77'; "78

74

60%

94%
62%'

61'%

1*108

110

8
80

22»i

61%

111
93
Hi

223<

61 's

141
93

51% 53

109% 109%,^1U8

1X0

Mar, 28
Jan.

*27i

June29i
Jan,

3
Mar. 21
68% Jau. 22
21 Jan. 3
59% Jan. 29

3,861
"(wis

61% 62

"137 143 •137 142
93
US
94
95
5'^% 52%
52% 52

838
530

June 6
82%Junel!i
25

Jau.

4

34
77

27 1.30 Jan.
102 87% Jau.
212 48 Jan.
86 104%Jan.

2%

ill
nil
CHiifral Ciial

•110

8

Mar.

19!

Fob. 27

14% June23

14

June'2.1

22% Mar.

6
26

14% 14%

116
40
19

13% 13%

305

10

7%
4%

\f(..|..qr

aro Uio yriuea UiU luid aakeU; uo sale vran

14

17

umUe at tUe Board.

60% iia

Jan.

15

1S%

67 114
8%l 68%

30

22%

96

Maryia

2i)|

,87%

31

117

90

«%

34

78%

JiilvlOi 125
3 97%.May 4' 87
2 55 Apr. 7, 45
2 115
June'26. 98

1

a % Feb. 23

118

Feb,

May

1'22

127%

1

7

Ajir,

Jan. 29 152

20

61^
17%

49

137
108

2 141

I

68% May 28 78

2%

8

13% Feb. 24
09 % May 28
88% Apr. 13,

48% Mar. 21! 62% Mar, »
353 107% Jau. 2 120 Mar 9
3% May 13 4% Mar, SO,
100 22% July 10 30 Jan. sol
30,171
63% Jan. 2; 83'e June20i
32.'i85

147

Corisohdation Cnal. .......,,...,
Hoiiiestaka MliiinfrCo

rii«i»«

83% 122%
4
10%
7% 20
83
94
11% 28%
20
71%

'23

22% Apr.
191)

10%

1

47% 48% 47% 4«% 47% 47%
113%115% 116 116
1X6 117%

4S%
115

140

62% 52%'
109 109%

119%.

OntaHo ^(h cr

Feb,

5'sJan.

I

York Klevat«.l
United ('c'h of Xew Jersey..
Vlririnia- Midland

Canton Co

4% 14%
.30
51
3%' 8%

30 119%Feb. 17135% June 4 119% 138
1'20
Mar. 9 1'29% Apr. 20
136% Jan. 29 143% May 21|jl38 1146%
2%' 6
1
May 2
2% Jan. 17
81
1,100 44', Jan. 19 54
Mar. 9 32
sa
300 18% May 29 26% Mar. 11 '12
2% Mar. 11 4 Mar. «
I's 16%
14
24
16 June-23 19 Feb. 20
18
50
15 May 1 23 Feb. 28
96
70
17% May 8 21 Feb. 23 11% 28
125 30 Apr, 30 39% Jau. h; 24% SO
89 79 May 12 87% Jan. 10 70
96%
13
.32%
21 Feb. 28 24 Feb. 27
173 77% Fob, 7 83 June20 65
90
3,070 79% Jau, 2 inl
Jnne21, 78 Hi 99
13.073
5% 22%
9% Apr. 8] 13', Feb. 2.
Mar,2ll 55% May 2:1 2.S
85,285 41
84%
250
2 Apr. 311!
5 Hi Jan. 7.
4
6% May 71 14 Jan. 12i 9

New

Warren

93%

Jnne'29l 30

Jan. 17
Jan. 2
Apr. 14
1 % June 2
4', Jan, 27
14 July 3
13 Jan. 17
36% Jan. 29
%Jiino 3

200
535

15%

1!
5|

4
Mar. 25( 9% Fob. 17!
84% Jan. 2 90% July 9,
9% Mav29 14% Jan. 61

son
402
10,100

160
100

13% 13%
15

Iii()

AtchlHon TooHka

Fort Worth .t Denver City
Kfokiik o. Dt s .\f. lines
Louisiana iV Misinuri Itlver..

June 19

5

6|

10 200
Mar. 28: 30

81% Juno
IHiMay

78,914

10
51

60% 61%| 60% 61%

E.YPUIC!S!>.

Mar. 3
Mar. 20

June

14

61

Oreirnii

Paoitic Mail

Jan.

100 190

l)i.-*t.Tel
I

I

4%Juuell 8
87% Jan. 10 52

J

17%

IS
31

•81% 83%

82

SO

Manitoba.

400
160

!

Do
pi-ef.
MISI;EI,I. INKUVIS.
Tel. tt

"

"

1,700

•72%.

71

8% 8%
13% 13%
9
9Hl
15% 18

•2%

.

pref.
1st pref.

St.

*

H

!

I

A Terre Haute
pref.
A a&a FrauclHco

fst.

New

li^

la
Feb. 18 13 '» V
IK
Mar. 2S 41
2(1 la Jan. 31
38
«7»4
310
3 Apr. 7
6'4 1
-J
IS
200
7
Apr. 7 12's Feb. 2G
«'l. 24
M
6 1* 17
4S Apr. 22i H Jan. IS
115'128 Jan. 2;iS9%Jnno H 118 1140%
6.512 )15%JaM. 2 127'fc July 1(1 1117
I'J7%
15(1.7311
61% Juno 8 7U%Jaii. t'J asu! 94%
1,0111 102
Jan, 28, lOOV, July
»:>%119
44.X22 84%Jan. 2' 9'f%A|ir. 13; «I Hi 124
1,17.5 119% Jan.
Pvb. 2(1 117
2 l:<4
149%
"
1,460 105 Jan.
2|118 Junii25M0"i4 I',i«%
II
6%Mar.31
9 Mil
I3*«
"521 14'4June27 19
35
721
I8H1 Apr.2l' 29
3H%
2,935 66 Juno HI 91 %
100
'_'s
2U0 23 Apr. .30 38 F.i
09%
134 Jan. 31,111
May S 12.11,141
14% Jan. 91 20 Jan. 27 H3
33
149,422 82%Jiin. 22:l(W%Mar. 9
!<«% 133%
0%! 25%
1,440
4%Jiini)25 10 Jan. 1.1
53 Jan.
65
52
Feb. 12
82
"9no
2% Jan. 15 4% Mar. 10: 3
8%
7
31

12.016
1.390

800

17',

.% Offileiisb'fl

Do
Do

Adams

SMV
»7^

.

12

Kfl,.

I

88',

%

17
71

163i

8%

7%

87%
2%

134%

Do

American

11

I

8t. Loul," Alton

Americ.in

7
2:1

.

special.

BiohmoniKt

A

May

9»4 Mar.

1

Hi

Hi

13% lb\

5

9',

184

134>4

Kichnrd.v Wc«i P'nt Terminal
Kochestfr .t Pilt-*burK

LOQlH

23

I

Bensselaer A .SaratoBra
Bleb. ><: AlloK..xiiitk trustctfe.

8t.

l.'.'on

Mar. 21 186 200
20
Jan. II
51
823 119%Jan. 17;i2S May 2S 110 140
84 Jan. l(i| SO .May 29
70
86
8
8
100
9
7% June 5; 14% Feb. 21
20%
IHi
1%
6',' 19%
l%Jnly 8 17 Feb, 21
»"*
67% 68%' .„
103,740 50% .May 12, 67 's Feb. 23 59% 104%
400 62 Jan. 2 77', .May -JO H2
78%
'3'4"h1'33%I
22%' 51%
22 Jan. 16 3.1% Juue21
26.6(;3
ll%Jan. 6 27 % Fob. 20, 10
35
"93 % "g's'ii
61% 79
1.717 63 Jan. 15 97"! Jnnelfl
ll%Jau. 3 18% May 19 10
24
.Mar. 7;
23
40
1,800 '.!7%Jan. 15 44
•1'25
90 Jan. 2 12'3%Jnne 2 85 '105
33% 33%
51%: 94%
2,575 46% May 7 01% Fob. 21
29 Jnue 1 34% Feb, 21) 31
44%
•'I's" "14
300 10% Jan. 26 13 Feb. 2b:
7% 18%
•28% 29%
36%
300 21% May 29 29% Feb. '211 17
2'.'
1«% ISHi 15,488 14% Jan.
19 14 May li
9%' 23
95% 9.)%
2,755 89% Mar, 21 97% Feb. 10 63Hi;iOO%
8% 8%
10(1
6<4 13
6
Jnno 5
9% Feb. 2
123% 123%
311 114% Jan. 2J121 June 9 115 127%
33 Jan. 7 42% Feb, 'J7
30
58
.

•3B
*2

o
H

.

ghloCBUiial

Plttsburx Kl. VVayue

9313 9S
4°,
4'(

'47" "ii

34% 36 's "354 "33%

- .

OUo soiiMiem

14

?•

*U

1)0

i>i\
12ii«
Vi'i
110', 117

73iiil

"13" "13

MlHMouri Paoitio
Mobile .1^ Dliio

pref.

«

73

Maii1i.it

Do

lO'i'-.,

72
03

10
22^4

i-*

im^viii't

12Uial'iUia

Nashv.i 'ti.inaiiooffa.^

"a

lOsSi

10

leanort line \ p. et.

Louiiiville

4Si

13H
Vill,
73's

II

41

A

R«rthem

iXiii

'

I

68
Fob.
44', Jan. :!
3.')
Feb. 20

I

40

IndlaitH lilooiutuKI II A Weat'n
iJike Krlo
Wenlorn
l.ake .Hliiiro

J:

• ••JSiaMar
9.5
July

:

4\

Texas Central

.t

4><

ISK
l'.i7

l.^^l

1^

9a\ 95

93"i>'

pret.

lUljioH Coil triil

Morrlti

8-><

1^

A

Iio

Svaniiville Jfc Terre Hauto
Grv..u Hay VViuuua Jt :st. Panl.
Harteiii

UlAHOiiii

2.5

Peb. 4
35»4 Apr. 24

"..'l

Dnbiitjiio .t Sioux fity
Oa
£a.-4t 1 otiiio^Meo Va.

1.0IIK

i"»

I

1

US

lis

Pai'Lllu

7011,

109

9'i'^ OA'i
l-il
IS'*

pref.

Chlc»j.-i> Koi-K Ixlaiiil

71"»'

lOS

NortliwoHUjru

.t

HouHt.ui

9

Mar.

67

1

[>reC..

'ill

^ Ohicaun Mliwmlkoa.t Qulncy
—
ChlcuKo
Do
Chu-Uk'ti

39

I

Ohio

Ho
Do

37 V
aOSi

Feb.

8H

Kiu

.

,

184
10

4

Hi

Jan. 22 145
May 26 196
Jan, 10 18
Jan. 19 118
Feb. 13 46
Feb. 9 20
Jan. 30 14%
Apr. 6
8
May 27 7
Feb. 7 25

Feb.

17,

Mar, 17

May
May

63
142

23%

01%
jus
I

I

«0\
183
at

"5" '""s'"
19% 34

12

115

I'rtl

1,S5%

il30

193%

Mar, 3 13
21
Apr 2> 121 133%
Apr, 15 .39% 40
-271
Fib.
18
38 >
8
July 9
11
Mar. 25
7
15
F-b. 2.1
5
10
May -28i 14
t»

1.

—

1

— —

..

..

—

. .1

THE CHRONICLF.

46

[Vol. XLI.

JULY

OF STATE AND RAILROAD BONUS,
OUOTATIONS
^
STATE BONDS.
8K0ITRITIK8.
Alabama

104
5
•12'a

RR
RR

AR

-12 s
'I'i'a
*12'^1

1891
1892
1893
N. Carolina—68, old, J.*J.
PnndlnK art. 1900

I

•102
•111

il3"

SECURITIES.

»18
4

Wil.O.&R.a.B.
T)o
Consol. 48, 1910
68,1919
Ohio— 68, 1886
South Carolina
68, Act Mar. 23, 1889 t
non-tanrtable, 1888. (
Brown couhoVu 6a, 1893
Tenoeasee— 68, old, 1892-8
Sa, new, 1892-8-1900

110
113
115
»30
*10

n

Tennessee—Con tinned—

New bonds, J.&J., '93.8
Special tax, all cla-sses.

67

Ask

Bid.

N. Carolina— Continned—

*78

'voiia.,1914

6s, loan,
6s, loan,
6s, loan.

5
>102

Oeorcl»-6B, 1886
7».1886
7», gold. 1890

8ECUBITIK8.

Ask.

•tf.T
Er-maturftd oonpon
101
Mlssonri— 69, 1886
Ss, dne 1889 or 1890... 110
Aayl'm or Univ.. due*92 115
-120
Fnnding, 1894-95
Hannibal * St. Jo., '86. 101
105
1887
reg.,
York-69,
New

•102
«S7

».i*«« B, »a. 1006
48, 1906
•». lO-aOs. lltOO
ArkAuaart— Bs, fanrtert
Ft. «. lB».
7«, I. Bock
7«, Meiup.'S L.Rock
7». L. K.i'.B. * N.O.
R. RR.
7b, Ml9». O.
7e, ArkauHa8 Cent. RR.

Cl»e« C,

4

LooUlana— 78,

91

-Cla»« A, 1906.

Bid.

BECtTKITIES.

Ask.

Bid.

10, 18S5.

68,

SECURITIES.

Ask.

Bid.

Del. L.

&

Bid.

"8b"
lll>a

112>ii:

103

110

106

H
48

47 Ki
47"^

Mex. Cent.— l8t,

2d, 7s, 1891

^'^''^i.^J
^'•

Bonds, 78, 1900
78of 1871,1901......

I

—

'

I

!

.

.

—

—

1

.

Long Dock

Chic.Buri.<fc (iuiucy—

Plain 48, 1921

& P.— 6b, cp.. 1917
1917
Ext. <fe Col., 58. 1934....
Keok. & Vea M.— Ist, 69
Central of N.J.— l9t.'90t.!

A St. P.—
D

&

.

Chic.<fePao.Uiv.B9,1910
Ist.Chic.A P.W..58,19-.!1
Mln'lPt. Div., 5s, 1910.
r..Snp. Div. 68.1921

C*

Terminal .5a, 1914
A Northwest.—
Sinking Kunrt, 78, 1885.

Chic.

Consol. boiMla. 7s, 1915Extenslon bonds, 7b, '85
lat, 7b, 1885.
Coupon, gold, 7s, 1902..
Reglafd, gold, 7s, 1 902.
Sluklngtund, 09,1929..
Blnk. fund, lia,192il,reg.
Sinking fund, 58. 1929
Sink. fund, .ia, 1929. reg *105
Bink'grd.deb.,59, 1933. 101
25 years .i.-b. i)S, 1909 ..': 101

11813
9T~i

83
83

A
A

No., 781....
l8t, Waco
2d, consol., main line, 88
No., 88,1915
2d, Wat-o

I

I

i-j

106i«

106 14'
101 la

Escanaba.t L. S.— Ist.Os 108
l>e8M.A.Mln'ap.-lst,78| 125
.

Chic* .Mllw'kee-lst,7s' 123

126

Wln.ASt.

P.-lst,7s,'87l 104^:106
2d, 7s, 1907
»126
I

lIiI.AMad.-lat,09,1905i 115

A

1

104 Is 105
121 122
114

79.1914!

.1

Genenil coiiartl., 69,1934,
Chic. .St. P. Min. * Oni.—
Consol. 6s. 1930

DetM.AT.— l8t,7s,1908

Lake Shore- Div.bonds. 122
127
I2714
126 127
113
112=4 113
Con.9ol., reg., 2d, 7s
Long Isl. BR.- l8t, 7s,'98, 120
let, consol. 5s, 1931
107=4
Consol., coup., l8t, 7b.
Consul., reg., l8t, 78 ,.
Consol., coup., "id, 78..
. .

Iowa Midland— 1st, 89.
Peninsula- 1st, couv„7fl

Ott. C. F. St. P.— l8t,5s
C.C.C..S: Iud'9~lat,7, s.f I
Consol. 78, 1914

96=4

I

Wis.* Min. Uiv.68, 1921

fd,

Houston A Texas Cent.—
1st, M. L., 7s, 1891 1 ....
1st, Western Div., 7st..

i

lat,S.Minn.Div.,6a,1910

1910

Han.A St.J.— Con.68,1911 118

37^1
Generates, 1921
116
93
Hou9t.K.AW.Tex.-l8t.7s
116 1181a
2d. 6s, 1913
116
Ill.Cen.-8pd.Dlv.— Cp. 68
126
Middle Div.— Keg., 58 .. 106
125
125
C.St.L.AN.O.—Ten.l..7s
120
lst,consol., 78, 1897.. 12312 125
'118
112 ....,
2d, 6s, 1907
98
111
Gold, 5s, 1951
II2I4'
Dub.A S.C.— 2d Dlv., 7s. 112
1191a 120
Ced.F. A Minn.— 1st, 7s. 115 1151a
114 1....
Ind.Bl.A W.- Ist, pre!., 78 110
97Hi....
1st, 5-6s, 1909
97 ;....
60
2d, 5.6s, 1909
07
Eastern Div., 6s, 1921.. "87"
97
98
Indianap.D.ASpr. — l9t,78
0314 931a
1st, 79, ex fund, coups.
Int.A Gt.No.— l8t,6s, gold 109
103 I4I
67
Coupon, 68,1909
68
138 [139»< KenfkvCont.— M.08.1911
I0314'
Htainpcd, 4 p. c, 1911 ..
103 14 1031a' Lake WLore A Mich. So.—
•• 132
131
Cleve.ATol.— N. bds.,7s 104 104=4
129
114
Cleve. P. A Ash.— 7b
113
Buff.AErie-Newbd9,7s 120
Kal. A W. Pigeon— lat.
108

&

Consol. sink,

.114

Loulsv.A Nashv.—
Consol., 78
Cecllian Br'ch— 7s. 1907

1

N.O.A Moh,-lst,68,1930:
2d, Os,

1930

E.H.AN.- IstjBs,

1919.

12118

100
91
78

94',
8,-

1071a

98 13
*....
96
Div.— 1st, 6s, 19211 104
2d, .38. 1980
461a
Nashv.A Dec.— 1st. 78.. *114 1161a
B.AN.Ala.— S.f.,6s, 1910 91

General. 6s. 1030
Pensacola Dlv.— 6a,1920

!

St. L.

1

.'112

C.Mt,P.<tM,-lBl(;B.I918
.122
Ko. Wis. -Ist, (!s, 1930.
Louisv. C.& 1..— 0s,1981
BtP..t S.C.-lst,«s,1919 120»» 122
Trust bonds, Bs. 1922.
Chlr.A K.lll.-lst,s.(.,cur.! 110", 111
10-40.69.1924
Consol, l9t, 6s. 1934...
97 199
L.Erie AW.— 1st, 69, 1919
Chlc.St.l,.AP.-l8t.con.Bs
79
Sandusky Dlv.— 6b, 1919
Chlct W.tnd.-lst,8.f.,Gs
.112
Laf.Hl.A M.— 1st, 6s, 1919
Oen'l niort., 68, 1932
.1
103»> LouiBV.N..41b.AC.— lst,68
Col. A tiriM-n.-l8t,6B,1916 *»7
C^encral niort., 68. 1014
8d, 69, 1926
Lou. N. O. A Tex.-lst, 5l
CoLU.Val.AToI.-lst.Ss
if 76"
Manhat.BchCo.— 7S.1909
I

.

""94 "la

82
69

6=4

iieis'....

110

1899

1

DeLL.AW.— 7s.conv.,'92i
Mortirage, 78. 1907

'

135

8yr.BlMg..tN.Y.-l9t.7s 131

"Yd"

„

Pitts.Ft.W.AC.— 2d,78i 133
131 14
3d, 78, 1912
Clev.APitta.— Cons.s.fd
4th, 8. fd., 68, 1892... ...--.
St.L.V.AT.H.— lst.g..7s 117
......
2d, 7s, 1898
2d, guar., 79, 1898 .... Ill's
Pitts. Cleve. A Tol.—lst.6s 105 la
Pitts. June— lat, 6s. 1922
Plttsb.McK. A Y.— Ist.Oa
BomeW.AOg.— lst,79.'91i 110
1

...I

W.— 1st, 6s.t
Debenture, 68, 1897t...,
Midland of N, J— 1st, 6sl

,

"34

87

New Blver— lst,6s,1932
OhioA Miss. —Consol. s. fd 116

Eich.A Danv.— Cons.,g.,68
Debenture Os, 1927
Atl.ACh.— lat, i)r.,78,'97
Incomes, 1900
Scioto Val.— Ist, cons., 7s.
St. L.

75

rridar 1 thaw are lat««t qaotationa made thla week.

Iron Mi.— 1st,

108
7s lOS

.,

,

:

lat, consul., 68,reg.,1933
68. 1922
OS, 1931
So. Car. R'y.— Ist. 6s, 1920

Miu's tJn.-lst.
St.P.A Dnl.— 1st,

68,1931

Ist. 7s, 1911
Tol.Del.A Burl.— Main, 6s
lat, Dayt. Div., 6s, 1910
1st, Ter. trust, 6s, 1910.
Tex.A N. 0.-lst,7s, 1905
Sabine Div.-l8t,89,1912
Va. Mid.— M. Inc., 69,19'27
Wab.St.L.APac- Oen.,6s

Hav. Div.— 6s, 1910
Tol.P.AW.— lst,7s,1917
Iowa Div.— 68, 1921
Ind'polis Div.— 69, 1921.
Detroit Div.— 68. 1921 ..
Cairo Dlv.— 5s, 1931 ...
78,

Gt.Wesfn— 1st,

"•56

100
60
60

79=8
4713'

25

72

'

73
55

86

65
loeia
97
86

85

72
107
89

1909

921a

7s, '88

2d, 7s. 1893

Q.ATol.— 1st, 79. 1890
Han.A Naples — 1st, 78
IIl.A Sola.— l8t,ex.,6B

991a]

St.L.K.C.AN.— R.e..78
Omaha Div.— 1st, 7s.
Clar'daBr.— 6s, 1919
St.Chas.Bge.— Ist.Bs
No. Missouri- 1st, 7s..
West. Un.Tel.- 1900, coup

89 la 93
76i»
i09'ii

110>«
117

1900, reg

N.W. Telesraph— 78, 1904 •99
9714 Mut.Uu.Tel.-S.fd,68,1911

70

i"

INCOME BONDS.
{Interest pttttahle if e'irned.)
Atl.A
Inc., 1910....

Pac—

Gr.BayW.ASt,P.— •2d.inc.
Ind.Bl.&W.— Con., inc,68
Ind'sDecA Spr'p— 2d, Inc.

Do
68. 1907
Kans.Pac. — 1st, 6s, '95
1st, 68, 1896
Denv. Dlv.6s,asa..'99

Laf.Bl.AMnn.-.Inc.,7s,'99

'15

Mil.

I,.

Sh.A

W.— Incomes

Mob.AO.— lst.prf.,deben.

Greg. Short-L.— lat. Os
Ut. So.— Gen.,78, 1909
Exten., lat, 78, 1909

16

A Wilkesb.Coal — '88

Lake E.A W.— Inc., 7a,'99
Sand'ky Div.— Inc., 1920

At.C.AP.— lst,6s,1905
At.J.Co.A W.— lat, 68

16
10=4

18
70
12

Leh.

1st, consol., 6s,1919.
C. Br.U.P.— F.c..7s.'9o

108
.111
I

N.Y. LakeE.A W.— Inc.Os
Ohio Cent.— Income, 1920
MIn'l Div.— Iuc.,7s,1921
Ohio So.— 2d Inc.. 6s, 1921
PeorlaD.&Ev.— Inc., 1920
Evansv.Div.— Inc., 1920
Roch.APittsb.— Inc.. 1921

Rome W. A Og.— Inc.,

A

7s.

4 7 "4

I

2i»

21

W

45

*30i«

Bv.— fuc.,6s,1931 '20
St.L.A. A'r.H.— Dlv. bils. *25

SI'S!
1031a'

75
51
22))

So. Car.
i

20
20

•9

2d, prof., debentures
3d, pref., debentures
4th, pref., tlebentures...

Mo. Pac.— Ist,

t

IO3I9

W.— 1st, ext.,7s.,

lst.St, L. Div.. 7s.'89.1
2d. ext.. 7s. 1893
Equipm't bds, 7s. '83.
Consol. conv., 7s. 1007

Collateral Trust, 68...

271*

FREE LIST.
Cin.A Sp.— lst,C.C.AI.,78
Col. Hpr. A Cln.—
78..
Cum. A Penn.— l8t,68,'91 •102
l.st,

2d, Bs, 1888

'lOS

Col.C.AIr.Co.— l8t,con.,6s

C—

6s,
I

'64ia

Ft. W.ADenv.
1st. Os •66'a
Ijeffcrson.— lat, 79, 1KM9.. •95
IOOI4 Phil. A It.— Iieb., 7a. 1893
ilOO
Warren Bit.— 2d. 7a. 1900,'119
I

I

otr.

----

*108

Shenand'hV.— lst,7s,1909

Cenli-alof N.J.-10()8 ....
E.T.V.AGa..-Inc.,6s.lfl31

Coupoju

i'o'e'ii

105
Ark A T.-lst, 7s.
721*
70
Gen. r'v Al.gr., 5s, 1031
St.L.AltonAT. H.— lst,7s '115
109
2d, pref 78, 1894
2d, income, 78, 1894 .... ...... 100
Bellev.A So. III.— lat. 88 *113
St.P.Minn.A Man lst,7s *llli<
114,
2d, 69, 1909
Dakota Ext.-68, 1910..: llSia 114
1st, consol., 68, 1933. ...j 109iai 110
'104

Tol.A

lis..

1,.-. 1 8t.o.,7B
Ist, reg., 7s, 1900...

10813

I

Wabash— Mort.

7s, '87-89
'93..

2d, 78, 1913

40
116

--_-llr'=4

78.

Sinking fund. 89,
Bee., 89, 1893

Pa.Co.'8 guar.4 "as.lst.cp
Pa. Co.'s 4 i-js. Keg., 192

."'^ 69 1»

'111
*8b
[

Chic. Div.— 5s, IftlO

West. Pac— Bonds, 68.No. K'way (Cal.)— Ist, 68
80. Pac. of Cal.— lat. 6s.
So. Pac. of Ariz.— 1st. Hs
80.Pac.ofN.Mex.-l9t.6s

68. Class B, 1906
1st. 6s, Pierce C.
O..
Epulpment, 79, 1895..
Gen'l molt., 69, 1931..
80. Pac.of Mo.— 1st, 6s
Tex.APac.— 1st, 6s,10O5

lOO*!

Cairo

119

PeoriaA Pek. U'n— Ist.Os.
Pac.BB.— Cen. Pac.— G.6s
San Joaquin Br. — 68 ..
Cal. A Oregon— 1st, 6s
Cal. A Or.— Ser. B., Os.
Land grant liondM, 6s.

cons., Os.
3d, 7s, 1906
Pac. of Mo.— Ist, Os...
2d, 7s. 1891
St.L.A S F.— 2d,68, CI. A
68, Class C, 19(16

53

1

Arkansas Br'ch— 1st,
Cairo A Pulton- 1st, 78. 105=j

Pltt«.C, ASt,

115
1011a 102
i'l's

A

2d, 7s, 1897

E vans. Div.— l8t,69,l 920

Land grants.

89=4
61

Bich.AAlleg.-.l8t.78,1920
Trust Co. receipts

Ohio So.— 1st, 68, 1921 ...
Oreg'nA Cal.— Ist,6s.l921
Or.ATransc'I- 68,'82I922
Oregon Imp. Co. — 1st, 6s.
Oreg'n BR.ANav.— lst,6s
Debentures, 79, 1887 ...

Union Paeiflc— 1st.

76

Consol., lat, Bs,1922t...

Consolidated, 7s, 1898..
2d consolidated, 7s, 1911
lat, Springlield Div., 78
Ist, general, 5s, 1932...
Ohio Central— lst.8s.l920
1st. Term'l Tr., 68, 1920,
1st, Min'l Div., 68, 1921

Panama— S.f., sub.69,1910
Peoria Dec. A Ev.— 1st, Os

75=4

Con., lat, ext., 5s, 1922.1

Boch.APitt.— lst,6s,1921 107

General. 6s, 1921
"361a Sodua B.A So.-lst,5a, old
Tei.C-en.— 1 st, 8.f.,7s,1909

,

N.Y. Susq.A

Gen. mort. A Ter.
Pennsylvania RR.

90 '-e

.>;.V.,(iM.Hh-l9t.79.'97
Sletroji'lifn El.— l8t,1908
2d. 68, 1899

SECUBITIE8.

A

.

No pnoM

5s,

SO

60

Penn.RR.—Continued
Pitts. Ft.W.A C— l9t.7s 'ISO

Consol., 68, 1905 t ..
Income Id. gr.,reg
Bio G., 6s, Aug. cp. on
Do
exAug. cp.

I

•

Funding

2d,

78

7bia'

'Ill
N.Y.N.H.AH.-l8t.,rg.,48*
N.Pa«.—G.l.gl„lst. cp.,68 101 la 102
Begistered, (!s, 1921 ...
N.0.Tac.—lst,6s,K., 19201
Norf.AW.— Gen., 69. 1931

2d, 6s, 1923

125i»
12714 129

iBt, LaC. Ulv., 78, 1893
Ist, I. AM., 78, 1897..
lat, I.
D., 7a, 1899...
l8t,C.
M.. 78. 1903..
Consol. 78. 1905
1st, 7s, I.& D. Ext.,1908
Ist, 8. W. Dlv., 6s, 1909.
Isl, 59, LaC.&Dav.,]919
.t 1)., 78,

Begistered, 59, 1931.

Or'nBayW.ASt.P.— lst,68i "65
Gulf Col A S.Fe-7s, 1909 103=4 105

133

2d, 7 3.10s, P. D., 1898 .
1st, 7b, $ g., R. v., 1002.

N.Y.W.Sh.AButr.- Cp.,68
961

Gal. Har.AS.Ant.— lst,68, 104^1 105
100
2d, 7s, 1905
'9013
West. Div.— 1st, 68
---2d, 6s, 1931

131
130 130 >a
108
108 Hi
112
101 12
Xst.cons.assent. 79,18991 100
9914100
Couv.,a9sont4'd, 79, 1902
AdJustiiieut, 7s, 1903... 108
57
62
Conv. debent. 68, 19118..
9713
Leh.itW.B.— Con.g'd.as. 95
Am.D'k&Inip.-58, 1921
80
82 >a
.

6b, reg.,

H.

80
47

Registered

1-106

1905

2d, 6s, 1923

Collat'l trust, 68, 1922.

Butr.AS.W.- M.,68,1908
Ev. A T. H.— 1st, cons., 6s 109
94 la
Mt.Vern'n-l8t,6s,1923
Fl'tAP.Marq.— M.0s,1920 ll<>ia

•97 >

Denver iliv.—48. 1922..

Ist.

1st, 6s,

N.Y.C.A8t.L.-l8t,6s,19211

Bnfl'..V.Y.*E.-l8t,1916

6b, ainkingfund, 1901..
68, debentures, 1913.... 103 llOSis
la. Div.-8 fd., 6s. 1919;'10«ia
Binkingfund. 4s, 1919

.

120

b'uds. 7s. '93

12
N.Y.L.E.AW.-New2de8 52 la

Consol. 79, 1903

1st, 88, P.

54 V 551*
40
40

District of Columbia—
3-653, 1924

Ask

Bid.

1911.
Ist M., 78. ex-cp..6,7,A 8 •34
Mich.Cent.— Cons. 7s, 1902 124
78,

35
,141
1251a
Consol., 5s, 1902
;-„.-•—
6s, 1909
124
{Stock Exchanoe Prices.)
100
-2oia
Coupon, 5s, 1931
1st, consol., guar., 7s.. 124-a
100
Registered, 5s. 1931 ....
N.V. Lack.* W.-lst,6s 122ia .-.--.
Ateb.T.AS.Fe-4 ijs, 1920
6s,'91
.---.|100=4
Jack.Lan.A
Sag.—
1923
58,
Construction,
Sinking Fund, 68, 1911. 92
Milw.A No.— l8t, 6s, 1910 85
Del.A ilud. Canal-lst, 78 HI
AU. at I-Sc.-l«l, 8.S, 1910. 69 Hi 71
Ist, 6s, 1884-1913
Ist, est., 7s, 1891
Balt.&O.-lst, 68,Pik.Br. "IIO
104
i"d4"ii
l8t,(is,1921
14
117
Mil.L.S.AW.—
1894
10
Coupon, 7s,
Bor.C. Rap.JtNo.— lBt.5a,
Mich. Div.— Isf, 6a, 1924
97
Kegiatered, 7s, 1894 ....
Consol.,lst, 58, 1934.-.
Minn.A St.L.— l9t.78,1927 i23"'
1st, Pa. Div.,cp.,78,1917 136
Miun..tSt.L.— l8t,7s,gn.|
136
lowft Ext.— Ist, 7s, 1909
1917.
Div.,
reg.,
l8t,78
1st, Pa.
la. City & West
100 Is
113
2d, 78, 1891
108
Alb. & Susn.-lst, 78... 109
C. Ran. I. F.& N.— Ist, 6s
112
102=4 U13I4
S'thw.Ext.—l8t, 78,1910 *lllia
96
2d, 7s, 1885
"
1st, 58, 1921
105
1921.
;130
Ext.—
lat,
69,
Pac.
8,1906
coii9.,gaar
.7
63
1
St,
Bntt.N. V. * P.—Cons.,
Mo.K.A T.— Uen'l,6s,1920 75 Is "'7"5'v
Ist, cons., gu., 6s, 190G II5I4
General, 68, 1924
62 Is 62-ia
General, 5s, 1920
Bens. & Sar.— Ist, cp.,7s 140
Can. So.— Ist, int. guar. Ss 971, 973<
lllia Ill's
140
Cons., 79, 1904.5.6
67 "a 70
l8t, reg., 78, 1921
2d, 5s, 1913
65
70
C.'on9., 2d, income, 1911
Denv.ft Rio Gr.— 1st, 1900 1041a 105
Reg., 58, 1913
561a 5Bi<
H. A Cent. Mo.-l9t, '90 106
96 "a
1st, consol., 7b, 1910
Central Iowa— 1st, 78,'99
14'
107
50
75
Ohio—
New
68..
Mobile
A
lst,7s.
Den.So.Pk.&Pac—
1912
East. niv.-l8t, 6»,
Collater'l trust, 6s. 1892
Den.A KioG. West.— lst,6s 42=4 43
111. Dlv.— l8t, 6», 1912..
64
1st, Extension, 69, 1927
Det.Mack.&Marq.— l8t,69
Chesapeake it OhioLa.A T.— Ist, 68 96
'110
Morgan's
S.
A...
1898..
grant,
fund.
Land
3Sss,
Pur, money
107
1st, 78, 1918
102%
E.T.Va.&O.— l8t,78, 1900 116 i-j
68, gold, series A, 1908
48 14 48=8' Nash.Chat.A St.L.— lst,7s 119
6034! 62
Ist, cons.. 6s, 1930
68, gold, series B, 1903 t
40
42
20»4'
1901
21>g
2d,
6s,
12
9
to
1918
Ex
coupons
curiencv.
68,
93
N. Y Central— 68, 1.887... ioi'ii
86
Divisional 58, 1930
Mortgage (58,1911
106 '8
Deb. certs., ext'd 5s
70
Clies.O.iSS.W.- M. 5-6»..
EUz.C.A N.— S.f.deb.,c.,6s
60
N.Y.C.& H.— 1st, cp., 7s 13419 l.t5'-_
Ist, 68, 1920
Chicago & Alton—
134 1351a
86
j*116
Ist, reg., 1903
EUz.Lex.A Big Sandy— 6s 86
Ist mort.,7s. 1893
104=4 105
Deb., 5s. 1904
Erie— 1st, extended, 7s-.. 124 124=4
Blnking fund, 68, 1903.1
137 140
109
7s,
coup
"119
1919
..
Harlem—
1st,
78.,
Kiv.—
Ist,
extended,
5s,
<»
Mo.
2d,
ta.
105
137 1391a
l8t, 7s, reg., 1900
119
2d, 79, 1900
3d, extended, 4ias, 1923
119=4
N.y.EIeVd— 1st, 78, 1906 121 <3 1221a
4th, extended, 5s, 1920. 109
Bt. I.. Jack.* Chic. —1st 119
1071a
N.Y.P.AO.— I'r. I'n, 68,'95
Ist.guar. (564), 7s,'94
5th, 7s, 1888
llola
N.Y.C.AN.— Gen.,63,1910
2d, (SOO), 7a, 1898
1st, cons., gold, 78, 1920
381a
'Trust Co. receipts
2d, guar. (188), 7s. '98
1st, cons.. Id. coup., 7s
Miss.H.Br'ge— lst,s.f.6s
N.Y. A N. Engl'd— Ist, 7s
Reorg., Ist lien, 6s, 1908

Chic. Mil.

471,1 48:

1914

68, con8oi.,2d series
6s, deferred

SECURITIES.

Ask.

W.-Contdn'd

Mom8*B88ex-l8t,78. 139

Railroad Bonds.

1

aeries.

RAILROAD BONDS.

BECUBITIES.

C.R.

new

C'mp'mi9B,3-4.5-68,1912

Virginia— 68, old
68, new, 1866
68, consol. bonds
68, ex-inatured coupon.

Wabash funded int. bds.—
Tol.A

III. Div.— 7s
L. Erie Wab.AStL.— 78.1

67

.

JuLT

11,

New York

laaamac* M»ek
CPrloM br S.

B.

Par.

BM.

not N>ti<>ii*L

I

AU.

1186

UHS

Amertoan
Ainer. KxchaDK*

-iu5

Btjwerjr

ISO
lUtfS

Bniaalway

A DniT'a'

as 140
100 100
lUO

I

4h*M

i

•ChAtham
Ctwmloal
CltlMM'

IS3

•it

100 'iSOO
110 12>
UK) ISO
City
100 148
100 100 107
100 ISS
2i no
i.u2S
XlevuulU Wanl*
100
Fifth
100 S50
Imh Arena**
100 uoo
rint
100 111
JToartb
SO
Takon
SO 100
OalUttn
100 IVS
Oartlelil
78 101
0«niiAn Ameiic-an*.
«enu*n Exohaiiga* 100
100 ISO
^ernianla*
•iS
Or««nwtch*
100 ISH
Haaorer
100
Imp. A Tradara'
50 128
IrviiD?
ijcather Manufrs'.. 100 ISO
SO U-2 148
ManhattaD*
100
MarluD
100 140
Market
3S 1S3
ICechanlcs'
2S 110
tf echanloa'A TnwU'
100 lis
Mercantile
60 I'iS
KCerpnauttf*
SO 50
Merchaiite* Ezch...
100
Bfetnipolia*
100
7Hi
Metn>polUan
100
Mnrray HUlSO
NaA»au*
100 leos
New York
Hew York County 100 ItO
«. Y. Nat. Kxeh.... 100 100
100 110 111
Ninth
70 '.00
Korth America*
so lis
North River*
2S 144
Oriental'
SO 145 llSS
Paciac
100 14-i 1146
Park
People's*
2S
20 U9
Phenli
50
ProiUice*
100 110
RepaUllc
100 114
euNlcholas"
Seventh Warrt
100 97 >a
100 lilO
Second
100
Shoe& Leather
State of New York' 100 101
100
Ihlnl
Tradesmen's
*o
Union
so 145
tJnltert states
100 100
M'all Street
so
100
Wast Side'
I

I

\

-

rm

I

I

,

1

!

I

I

'

I

I

I

I

'

,

.

'

,

I

i

I

I

50

Brooklyn

??

Citizens'

30
70

City
Clinton

Continental

Kaulo

RmplreClty
Bxcnaniie
Farramit
Firemen's
Firemen's Tniat. . .
Franklin it Kmp.. .
.

Hainiltun

Hanover

SO
100
50
100
30
20
40
60
100
25
SO
SO
SO
SO
SO

Howard
Irving
JetTerHOU

KinKK C'uty (Bkn.).
Knickerbocker

Umg

Isl'd

(B'klvn)

Alauiifac. dt Build..

i

Traders' ..
Mechanics' (Bklyn)
Mercantile

Merchants'

Montank (Bklyn.)..
NasHan (Bklyn.) ...
National
N. V. Equltoble
N. Y. Fire

170
IBS

100
so
25
25
100
20
People's
60
Pheulx
SO
Rutger's
26
Standard
SO
100
Star
Sterling
100
Stuyve^ant
25
United States
2S
Westchester
10
WtlUamsbnrg City. 60
,

;

North Blver
PaclHo
Park
Peter Cooper

170
ISO

1'20

115
117

IM

30

80
330
240
80
100

liW

2'iO

230
70
S
|10S
I

73
20
40
200
12:<

,110
i

SO
715

lOS
17S
as
100
i-.;o

120
so
20
115

110
210
70
108
1

SO

5711

40
112:)

200
90

I

'100
100
'

106
105

40
5

55
100
95
140

i

125

il'JS

|185
I

^
60

,127

I

60
85
63
lOS
100
140
87
ISO

37 "a 8(1
140
33

...

Nlaicara

ISS
103
I no
IbO

lis

rj5

16

lloiue

Mech.

I

100
50
100
40
100
30
50
17
10
100
100
60
SO
35
100

Commercial

German. American
Qermaula
Globe
Oreenwich
Ouantlan

ISO

100
35

...

tiO

70

130
i07
163
100
140
100
127
113
Vi
100
125
120

136
113
175
108
150
110
135
120
100
65
55
116
130
12(

215

228

40
50

j

'

1

I

I

Una and City Rnilrond Stocks and Bonds.
[Qas QnoUtions by GEO. H. Pbi!Xtis8

A

Co., Brokers,

49 Wall Street.]

OA8 COMPANIEa.
23
20

..

CItisens' Gas-L.(Bklyii)

BontU

1,000

ConrwUilateii Gas
Jersey City A Holwken.

Metropolitan— Bonds

100
20
1,000

...

Mutual (N. y.)
Bondn
Basaau (Bklyn.)

100

1000
25
Var's
10
1,000
Var's

Scrip
FeoiNe's (Bklyn.)

Bomla
Bonds
Wllllamsbnrg
Bonds

60
1,000

Metro|H>lltan (Bklyn.)..

100

Mnnlcipal^BfndH

1,000

Vulton Municipal

100

Boi.ud

3,000,
1.200.
250.
35,430,
756,

700
3,500,
1.50O,
1.000,
700.
1,000.
400.
130,
1,000,
1,000,
1,000,
750.

97
110
lUO

3,000

300

Bqatuble

100

Bonils

1.000

\%

2,000
1,000

112

IQuotatlong by H. L, Qraitt, Broker, 149 Broadway.]
Bl'ckerSt.dt Fult.F.—Slk

100

1st mort
Br-dway .* 7th Av.—Sfk.
1st mort
2.1 mort
Brooklyn City—Stock
1st mort
Bklyn. Crosstowu—Stock

1,000

900,000
700,000

100

2,1(KI,0(K)

,

1st luort. bniiiU

Bashw'kAv. llklni— St'k
Central Crossluwn— Stk.
(

J.

A

J.*

Q

J.
J.
J.

>4

7

Jnlyl,'83' 2i\,{ 35 H,
iJuly.1900 11'2
113<i

Ju^v 1, '83
Juue.lOOt

1,000 1,500,000,J. AD.
1,000
500,0011 J. & J.
10 2,000,000: CI.-F.
1,000
800,000 J. A I.
100
200,0<M) A. AG.
1,000
400.0(M) J.
J.
100
500.0IKI (J.— F.

Scrip

100

100

(ir'cd St.F'r>-—Stk

1st mort
1,000
Boast. W.st.A P. F'y-8tk
100
1st mort
soo
100
Bseond At.—Stock
1st mort
1,000
Cousol
1,000
100
Sixth Av.— .'Stock

1,000

1st iiiuri

Thlr.1

Av.— Stock

100
1,000

ItOlltIrt

Twentyttaird St.—-Stouk.
1st niort
*

Tbls eolnmo snows

last

100
1. 000

1,000,000

F

A

A.

Q.— F.
23».(MM) A. AO.
250.000 y.-F
l,!<B'i,0(IO J.

400.1X10

A
A

I, 'S.)

July

I, 'Hi
Niiv..l92'J

2

July

7

Dec,

1,

7

June,

4

Feb., 1914

2>aljaly

«

250

April. '93
May 1, '83

117

M.AN.
'

i.N'ov.,

lulv,

2.=iO.(MH)'M.AN
atocfu,

ISO

'94

113>9

Ju y 1,'85
1910

S.

dividend on

108

May 1,'«
July,

J.
J.

J.

116>t

103
265

Feb., 1914

I

A J.
2,U1HI,000, Q.— F.
•i,00O,tH«) J. A J.
600,000 F. A A,
.'>ltO.IHII|

110

'9,1

I,'*.-.

M.A

l.ylMl.oitil

'MS

\Wi

IHi May I, -83
7 jUci., 18!IX
a^i'Msy 1, 'HS

.M.AN.

i.nr)().(Vi)o

112
176
112
167
162
118
112
123
la«
116

April 1,S5

Mbt

'109
:iii

Jan., 188f*

748.tMM)i

500.000' J.

;

May 1, '85
Jan.. 1(102

A

100
600,000 Q.— J.
mort
250,0<XI M.4N.
1,000
Oent.Pk.N.A B.Rlv.-.Stk
100 1.800.000 Q.-J.
Oonrtol. mort. bonds
1,000 l.'iO0,0(M) J. A n.
Obriat'ph'rAlOtta St^Stk
650.I)(M) Q.— F.
100
Bondu
1,000
250.000 A. A O.
OryUk.E.B.A Bafy—stk
100 1,200.0<M) Q.— F.
SOOAc. OOO.IHM) J. A D.
1st mort., cousol
Scrip
100 1,200,01M) F.A A.
100 1.000,()0(l| Q.-J.
Btebth At.—Stock

•250
lOTi.i'-.OO'a

07

lt>14

1st

tSd A

195

Toi>eka-lst,7l

May,

May,
Jiiu.,

.Feb.,
i.^«y.

198
110
110

'88
'84

;f00

".»)
•»!>
"91'

115
300
113

'85
'V.*

r.'

114

bat date of maturity of bonds.

I'ja

Bitir.

A Maine— 7s

A Anitiov- 8s, o.,'89
Mort., 6a, IgiW.

cam.

A

Cam.

10«>*107>a
100 >s 110

Atl.-lai,7*,«.,'fl3
2d, 6s. 1904
:.....

6s

Cons.. «

A ProTldo»c»—7s
A Mo.— Ld. gr., 7s

BoatAu
Bnrl.

<leil.,6a

'

>'i

BM.

"nl'd)—

'

A Albany—7s ...
6s
Boston A Lowell— 7s ....
Bosun

I

Brooklyn Gas. Light

A

Bostoa

Par.

OURmBR.

Alk.

Bid.

HOMTAN.

lAnd grant, 7a

100 leS

BnU'Iien'
Centrsl

St.]

Atch.

OOKPANIBS.

Amer. Kzoh»ac«... 100
•a aso
SnMMlwKy

m«rloft*

sncbKiTiBa.

lAmt,

BaUar, 7 Pine

PRIOX.

I

47

QnoUtions In Boston, Pklln4alpliU nnd Baltimore.

Loeal Secnrltles.

Bank StMk Umt.

COMPAWlEa.
u«

..

THK CHRONICLE.

isav]

Mukeil that ()

—

,

Nebraska, 6«. Kxempt 118
Nebraska, es.Nan.ex'pt 107V
92
Nebraska. 4s
Oonn. A I'assumpsic— 7s.
Connotton Vallev -Bs
Baat'rn, Ma(*s.'6A, new.. 122
119
Fort Scott A (luK— 7s
K. City I.awr A Ho,-8s..
K. CItyHt. Jo. AC. B.— 7s iio
Little R. A Ft. H.-7S, 1st 107
K. City Mp'd A Mem.— es 110
«4Hi
Mexican Central— 7s

p.

o

Cam. A JInrl. Oo.-«a.'97.
Catawtsna— 1 St, 7s. con. e.
Chat. M., 10«, 1888

New

108N
,93

7s, reg.

A

coap

Connert'g Ba, op., ltHl04>4
Cor.<N>wanA .4iU.,deb.6a,
Delaware On, rg.Acp.,V.

I

122 >« Del. A Hound Br — lBt,7s
120
Kast I'enn.— 1st, 7s, 188H
110
KastonAAuib'T— 5s, 1920
Kl AWmsp-t^Ist,6a, 1910
108
6s, perpetual
I'.OW H aiTlsb'g— 1 St, e«, 1 883
34", H AB.T.— lat,7s,(.,1890
47
Incunie
Cons. 5t, ISdS
63l«| 64
ScHp
IthacaAAth.-lst,gld.,7s
62
.}.
lebcntore, 10s
I.eh.V.-lBt.6s,C.AR.,'9M
107
107
England—
«s..
"i
"a'
N.
N. Y. A
2d, 7s. reg., 1910
II6K4 117
7s
Cons. 6s, C.A R., 1933..
2d mort
N. O. Pac.-lst. 6s, 1920.
13U
I'JOat
7s
80.
Pac—
N. Mexico A
No. Pcnn.- 2d. 7s, cp. "98.
Ogilennb.A L.Cb.— Oon.6s
Gen.. 7s, 1908

135
lie

182%

i

110>i

iois

.

,

y

1

I

Income

Debenture

ii:

83
4124
137

13S
51<a

36

8e, reg.

Old (;olony— 6s
Pueblo A Ark. Val.—7»..

Norfolk A West.—Oen.,8«
N. R. DIT., 1st, 6s. 1933

Rutland—6a,
SODora— 7s

N. Y. Phll.A Nor.— lit, 6a 101
46
Inc., 6s, 19:13

1st

J96>«

STOCKS.

Atehlnnn
Atlantic

•6V

—

Cainlirid.e
Cheshire, preterrert
Chic. A w'est Michigan..

Cinn. Sandusky A Cleve.
Concord
Connecticut River
Oonn. A Passurapslo
Connotton Valley
Det. Lansing A No., pref.
Kastctrn,

Mass

FItchbarg
Flint A Pere Marquette.
Pref errod
Fort Scott A Gulf
Preferred

A

Slonx City.
Fallx
Kan. C. CUu. A Hprii«('d
Mem.
Kan. C. Sprlngf.
Ft. Smith.
Little Rock

Iowa

A

Oil City

66^1 66 >a

A Topeka
A Pao.Hlc

Boston A Albany
Boston A Lowell.
BoAton A M>\lne
Boston A Providence
Bolton Kevere B. A Lynn

A

177

lOll

6s, conp..

6s, reg., 1919
N. Y. C.-7S, 1896.
7,1906
Perkloraen— 1 st, 6s,cp.'87
Phil AKrie— l«t.7s,cp.'88

Cons

lis

Pa A

170

Phlla.

103
60

St, «s..

Cons., 6s, reg., 1905
Cons., 6s, coop., 1905...

76

139

.

100
1139%
il«8

133 >«

108

133%

Cons., 6s, 19*20
Cons.,5s, 19'20

80

PhU.

Sic

Newt. A N.Y.— Isi
A R.— lBt,68, 1910

2d, 7s, coup., 1893
Cons., 7s, reg., i911 ....
Cons., 7s, couPm 1911 ..
Cons., 68,g.. 1.R.C.1911
Imp., 68, g., coup.. 1897
Gen., 6«, g., coup., 1908
Gen., 7s, coup., 1908...
Income, 7fl, coup., 1896
Cons. 5a, 1st ser..c,1922
Cons. 5s, '2d 8er..c.,1933
Conv. Adj. Scrip, '85-88
Debenture coup., 18931
Scrip, 1882
0)UV.,7s. R. C.,1893..«

*»'•>

llSHi

?11V

60
60
81

Creek— lat,

I

Oen.,6a,cp., 1910

179
17»>«

•70
iilhi

A Chic—

6S1 PennsylT.—Gen., 6s, reg.

117»4 118

{60e.

isa

88
64

-28

Louisiana A Mo. River.. }"'."
SO
Preferred
105 >a 1054|
Maine Central
Conv. 7s, cp. off, Jan. ,'85
17
18
Marq. Hougbi'n A Onton.
Phil.Wll.A Balt.-^s.tr.et
60
(30
Preferred
Pitts. Cln. A.St. L.— 78
•88
Metri'polilau
Pitts. Titus. A B.— 7s,op.
61^1
Mexican Central
6N ShamokluV. A Potts.— 7a
U20S.
Nashua A Lowell
Shon. Val.— Ist. 7s, 1909
1»"»
N. Y. A New F.ugland ...
Gen'16.1, 1921
Northern of N. Hampsh. 9121
Income, 6s, 1923
Norwich A Worcester... il60
Income, 5s, 1914
160
Old Colony
Sunbury A Krie— Ist. 78.
Ogdensb. A L. Chaniplain
Sunk. ita/.. A W.— 1st, 6s 103% 103%
Portland Saco A I'ortsm.
94'.|
•2rt, 68, 1938
18
RntUind— Preferred
Syr.Gen.A Com.— let, 78.
12 Kk
Sainnilt Branch.
Tex. A Pac— l8t,6s,1906
81
Worcester A Nashua
Consol., 68, 1905
70%
12
Wisconsin Central
Union A Titusv.— 1st, 7s. 39
Preferred
United N. J.—Cons.68,'94
Cons. 6s, gold, 1901
PHILADELPHIA.
Cons. 6s, gold, 1908
Gen., 4s, void, I9'23
RAILROAD STOCKS.!
WarrenAF.-lst. 7s, '96 103
Allegheny Valley
Westchester -Cons. 7s.. |102i>4 103%
Ashtabula A Pittsburg..
W. J ersey— I st, 68, op.,'96
Preferred
il25
Ist, 7s, 1899
Bell's Gap
Cons. 6s, 1909
Buffalo S.Y. A PhU
2
W.Jer8eyAAtl.— lst.68,C.I 107 "s
Preferred
Western Penn.—6s, coup. 107
Camden A Atlantic
10611
6a, P. B., 1896
Preferred
Gen., 7s, coup., 1901
Catawis.fa
CANAL BONDS.
1st preferred
62^ Ches. A Del.— lat, 68,1886 78
2d preferred
Vi-i
Lehigh Nav.— «8,reg.,'84. I08
Delaware A Bound Brook
Mort. RR., reg., 1897 .. 119%
Bast Pennxylvaula
Cons., 78, reg., 1911
ElmiraA Wllliamsport.. 41
IPennsylv.— 68, CO., 1910..
Preferred
107
Schuylk. Nav.-l8t,68,rg.
Huntiiigd'n A Broad Top
7}
Prefened
2d, 6s, reg., 1907
J37V
Lehigh Valley
Preferred
67 •«
RAILB'D STOCKS. Par
Little Schuylkill
73
59
73%
Atlanta A Charlotte
Mlnehlll A Nch. Haven.
100 170
178
52 Vi Baltimore A Ohio
Nesuueliotiiug Valley..
'.39
131
Norfolk A Wost'n— Com.
Ist pref
120
126
Preferre<i
2d pref
50
S
60
Parkersburg Br
Northern Central
50 49
«3V 66 Central Ohio—Com
North Pennsylvania
4t»a, 48',
Pref
Pennsylvania
ISK.! If-t' Western Maryland
60 12% 13%
Philadelphia A Erie
RAILROAD BONDS.
Phlla. Ger. A Norristown 109 illO
112
Atlanta A Charl.— 1st
Phlla. Newtown A N.Y..
T» 7"b Inc
Phlla. A Reading
Balt.AOhlo— 6s„'85A.AO 101 »i
Phlla. WUm. A Bait
Cen. Ohio.—68, l8t,M.AS. 108
Pltteb.Cln.A St. L.-Com.
110%
Charl. Col. A Aug.— 1st.. 108
United N. J. Companies.. 4196
97V!i 101
Westchester— Cons. pref.
iid
West Jerxcy
Cin. Wash. A Bait.— IsU. 100>« 101
63%
S5
3ds
West JerMt'v A Atlantic.
29% 39%
CANAL STOCKS.
8ds
Lehigh Navigation
ColumblaA Greenv.- lata 101\ 103
41--S
89
Peunsylvftiila
2ds
Schuylkill Nav., pref... .
No. Central120 133
RAILKd.VD BONDS.
68.1900. A.
6s.gflld.l900, J.AJ.... IISH 118%
Allegh. Val.-7 SlOs, '96 118>a 119
1'20
108
107
7s, E. ext.. 1910
Ss, Series A
lOS
Inc. 78. end., coup., '94 "is
5s. Scries B
Ashtab. A Plttt>b.— lst,6s
Plttab.ACou'ells.-7bJ*J 1'23
1st. 6s, reg., 1908
Union KR.— l8t,gua.JAJ 115 118
Belvld'e Del.-lst,6s,1902
Canton endorsed
104
101
Virginia A Teun.— 6s
3d, 68. 1885
180
8s
8d,6s, 1887
116
W.Md.-«8. l8t.g.,J.4J.
Bell's Gap- 1st. 7s. 1893
3d,piv-f., J. A J ....
103
1st, Hs, 1905
103
Consol., 6s, 1913
2d, guar, by W.Co.,J.AJ
Buir. N.v A Phil.— iat,e«
68, 3d. guar.. J.AJ....
113%11S%
Wllm.C A Alg.—6s
8d, 78. 1908
W1I. * Wi»|.inn— Until. 7«
Con'<. «». IW'-'I

—

I

i

(

1

BALTimURE.

.'.

I

AO

,

.

•

Ex.dlviaeud.

I

Per share.

tladalaolV

Last pnoe tttU

TMk.

1

.

1

THE GHRONT€LE.

48

Wew Vork

KAIUIUAU KABNINWS

=-^ Trrrriniii:

1 to
The latest railroad earnings and the totals from Jan.
The statement includes the gross
latest date are Riven below.
obtained.
eaminns of all railroads from which returns can be

Latest Earning! Reported.
Sottit.

WeekorJUo

1884.

1885.

Jan.

1 to Latest

week ending July

M»y
May.
la t. & P.toumo May

.

.

Bow. II T. & W.l4iliwkJ'ne
Bur.Cwl. K.& No. 4tU wk J'ne
!

88,543
68,224
1,184,080 1,343.362
1UH,098 108,289
12,s02
11,231
56.228
70,773
7,968
9,872
218.00O 157,000
22,193
20,733

CkI. .Soiulieiii.- .May
eanadinii Pacillc ithwkj'ne
Central luwa. .. 4tii wkJ'ne
1,735,000 2,030,0 ?9
Ceuiral I'acirtc.. April..

Chcsaii.
,

Ohtoago

...
...

Aittm 4iUwkl'ne

tSi

Ohio. Burl.
Gliiv.

217.112
49,929
112,7X8

Ohio May...

ii.

EU2.Ux.&B.8 May
Chcs. O. &8. W. .Mav

141,.533

& a May

2,081,904
4iliwliJ'ne
25,526
istwkJuiy 423.00(

283 217
5h8,2H4
3.630,481
10,38o,4?3

2,()98',014

681.991
6,355.119
1,453,913
264,905
516,698
3.86."., 857
9,33-,S39
698,373

129,.57y
16fi,7C0

125,.504
173,36>-

29,400
39,181
40,851
21.B05
66,941
16,659
31,908
19,131
105,913
56,051
305,635
29,653
109.252
57,000

29,121
89,177

24,100
15,982
171,990
88,100
6,744
33.71"
15,400
276.335
16,93b

<Si

&R.O.W

DesMo. &Ft.

JlIOM

-d

1).

wk

J'nK

Det.Laus'g&No. 4tU wkj'ue
Dub.ASiiiuxi Ity 4iliwkJ'iie
E.Tenn.Va.diGH. May

&

H

wVJ'ne
Flint & P. Marn. IthwkJ'ne
Flor. K'way & N. 4 th wkJ'ue
V.

4lli

,

50.ti31

_

19,7K3
25,191

Florida South'!!. March
Ft. Worth & Uen. June
Gal.Hxr.A S.Au.'April
Grand Tniuk . . w k J 'ue 2

57,'23

.

Gull fol. & S. Fe
IU.Ceut,(Ill.&S<i)

I

llnd. Bloom. AW.

2d wkJ'ne

K.C.Ft.S. cSGulf 3d
Kan. O. Sp. & M. bd

Kentucky

Cent'l

wk

J'ue
J'ue

wk
May

W.. 31 wk J'ne
E.Kk.&Ft sunlh May
l,.Rk.M.Kiv.&T. May
ilstwkJuly
Long Island
'Aiiril
L's Wcoiern
Loulsv.i Sai-Uv. 4thwk J'ue
I>aki'

3,317.963
5G5.431
6.147,763
1,3 16.893

Juue
4thwkJ'nB

235,37ti

Danbury & Nor May
Ei<> Gr. 4tUwkJ"ne
Denv.

Do

1,413,918

(Iowa) 4Ih WkJ'ne

620,300
147,400
35,149
52.068
187,216
26,320
13,b;0

Clev.C()l.C.&Iud May
Coniiotton Val.. Marih....

Evansv.

451,599
6,008.486
551,585
2(9,722

447,595
6,392,786
473,896
197,309
1,278.743

Eiie

ii.

Mar.Hougb.dtO.i^-'d

wkj'ue

M«MJ. &Cliiir)e» March.
Mexican Ct'iitval iciwkluly

JMex.N..allline8 May
Mll-wiiukca A N.i(4th WkJ'ne

Mav

22,639
68.753
18,489

127,43
1,275,352
199,704
6,8U6.25t

,^0,500

125.119
49.900
232.439

571,94!"

221,769
451,20r
273.70S
163.126

N.Y.Susq.&WCBl May
West Juiie
170 459
..
Northcra Ccni'l May
454 91
Norl hern Facilli June
1,011.6.3
Ohio Central... June
42,264
IstwkJ'ue
Ohio iSc MIhs
75,Oo7
Ohio Southern. May
31.845
Oregon Iiuii. Co May
239.316
Oicgoi] Short L Ai.ill
146,793

86,7.-*l

183.869
477,848

STorfiilk c«

676,69.^

21,29li
148,14(1

28,4'

3d8,76J
260 3
149,045
85,294

.May
6S. Y. Out. diW.'May ....

351,763
1,915,230
273,03-

1,230,8.57 1.308.545

N.Y.&NewEns.

244.271'

i2,7.=ie

142.774
262,764
190,751

321-8011
167,49.i

.

21,789
111,856

150,15

160,22.'.

..

Mobile & Ohio.. May...
Morgan'aLti.AT. &(iril..
Vash. Ch. & St.L May..
K.O.& NiirtheHStjMay
N. Y. Ch. AiSt.LlMay ....
(lN."S.L.KriciW May ....
N. Y. Pa. & O jMay ....

2'f3,327

305,991
37,50
11 1,9 z.'

14.200
23,035

588.ii0.-i

5,138,483
742. 46i
1,006,85P
l,18J,3u5
797,661
321,243

35,16'

f.O.leO

137,19.'

Mil.L.Sh.A Wcs l3t w kJuly
}linn.<itftt,Loui8

3S,9l.''i

J

1,143,12.1

98,463
73,680
28,h8'*

781.971
810,678
1,309.491

-.70,475
4,783, .178

8oO,f89
985,617
1,093,033

314.443
3(8,593
204,015
129,235
],21'i,831

179.112
6,5-16,2 15

303,970
333,816
1,429,903

713,606
253,215
5S6,«-29
68ri,506

836.330

879.51c

1,191,411
993,2-Zl

291,59.1,307,34.-

161.679
1,277.653

5,891,96b
1.932,714
1,212.857
667,213
405,893
1,215,732
2,181,55.
4.603,546

6.389.9113

1,549,222
174,89h
1,110,783

l,RiV.352
178,180

2,22.(,5«
l,;^013;9
677,611
36S.958
1,248,302
2,203,620
5,98),5ri6

New York

of

Average
Specie.

I>tscount«.

1884.

1865.

23^,047
289,917

III

Banks

City for the

1885:

Loans and

Dale.

743.880
11.038,000 1 0,843, -J46
10,684,554 10.668,727
2,503,932 2,693,549
76.5,211
897,41"
1,147,108 l,089,6u9
I,o01,i9l 1,004,135
813,lh2
808,624
226.902
2J6..Mt
1,493,213
l,'29r,3''7
6i,S0O
66,672
70.3i9
76,30
2,516,560
2,717,56'.
362.449
429,846
149.9 1
162,047
679,034
o48,7r'4
393,ilt
427,206
1,476 653 1,556,469
334.532
343,024
15,<
930,70.=.
1,215,441
50,377
500,m67
317,990
19.27;<
4a, 609
78 927
17,061
231,052
210,8411
3«,068
949,.'.9ri
912,l2f
285,272
33-1,753 7,126.368 7,987,3>'8

& Kast

eWc. Mil A St. P.
Chlo. & NorlUw 4tli wkJ'ue
Cb.StP.Miu JrO. 4tUwkJ'ue
Chic. & \V. Mlcb 4th wkj'ue
Ciu.Ind.8t.U&C itbwk J'ue
Cin. N O. A-T. P May
CinWash.&Balt. id wk J'ne
Clev.Akroii&Col 4thwkJ'ue

DenT.

287.49 7
57,646
105,709
160,103
1.981,127
30,929
416,053
556,800
134,400
33,lf8
59,05O
219,147
30,649
13,128
302,200
21,987
14,209
99,311
57,320
5,905
31,507
15,342
295,461

3,

XU.

—The foUovsring statement shows th&

City Banks.

Amnwnt

Legal
Tenders.

nf—

Net Deposits

Circula-

other

than U.

tion.

S.

»

New York
Ala. Gt. Sontli'n.
Atcb. V.itS. F.

[Vol,

condition of the Associated

Banla.
'

:

.

Meclianica'

8,T22.0O0
8.6H0.000
7.061,400
7.7i7.000

Union

4.Oi!-2.100

Manhattan Co

Merchanta'

5,4';2.000

8.000
2,610.900
4,81

3,281.1.00
1-56.700

12.-94.000
11.976.000

1,760,000
708.000
2.992,300
1.3S3.000

347.50»

lO.ni.9,700

9,SH8,000
3.449.800

22J,r.OO

1.108

731,100
9.367.300 4,769.300
2.8^8,000
5^6.000
461.700
2.m 9.000
8.005.700 10,674.600 2,929.000 19.vn5.'2O0
City
34-^.900
1.801,100
115,700
2,048.400
Trailesmen'B ...
1.5 1.100
141,300
969,700 1.112.100
Fulton
. ...
15,605.200 9.949.400 1,34 3,700 22.f.41,600
Chemical
2.862.400
876.100
651,700
2,4 13,200
Merchants' Exch.
832, -.00
2,914 000
241.200
6,041.900
Gallatin National.,
1,1-79 000
227.400
491,600
1,6(10.500
Butchers'* Drov.,
1,3K7.000
lH8,0i)0
46.000
1.2t0,000
Mechanics' A Tr..
1,017.900
146,100
109.100
1,004.200
Grernwich
2.4r-.5,400
1:12.100
607,000
2,984,700
Leather Manuf'rs.
1.219..'i00
361,100
125.300
1,101,200
Seventh Ward...
3.887.100
2.9-<!H.200 1.196.?00
505.100
State of N. Y
16.160.000
5.375,000
S.OBS.COO
Aiueric'n Exch'ge. 13.098.000
19.0i':V0;)0 11,088.800 2,401.500 24.699.100
Coniiuerc©
5.105.000
4 60.600
6.230.700 l,0f<0,500
Bro;idway
7,073.300
641.700
6,3-20.100 1,461,900
Mercautile
52-.;. 300
8.160.400
447.800
2,409.400
...
Pacific
6.134.6110
l,8,t8.,S00
447,700
6,681,300
Retiublio
4.215.000
749.000
6-J 1.800
3,6B'<.000
Chatham
1.741.000
168.800
92,900
1,628,100
Peoples'
3.7fO,100
443.400
431,000
3,410.000
North America ...
8.6S8,«00 3,757. 00
386.000 10,''88,2fl0
Hanover.
8k8,800
2.893.000
2.89-<.O00
3-0,700
..
Irvine:
86-.;,900
3.861,600
2.892.9110
521,700
Citizens'
19.6,100
2,880.100
388,200
2.417.900
Nassau .
.
2,475,900
488.00
289,90.
2.S='8,J00
Market
1.806.300
577, .100
182,800
1.676.900
St. Nicholas
3.394.000
694.000
743.000
2.b7-.!.000
Shoe &, Leather..
4.636.000
410,000
Com Exchange ... 5,127,400 785.000
6.077,700
494,200
4.847.900 1,421.100
..
Continental
1.841,100
2-.6.ono
314,1100
1,8-29,100
Oriental *
[luporters'A Trad. 18.121. 5O0I 6,704,800 1,517,900 23.1H8.(;00
16,81!<.900 5,416,500 2,41(1.400 22,999,000
Paik
281,000
1,979.000
6.000
1,412,(100
North Biver
944.100
176.600
177.800
1,072,500
East Biver
Fourth National,. 14,344,200 8.146,1,00 1,«81.700 17.644.400
7.073,000 3.073,000 1,369,000 10,003.000
Central National..
3.1 91.000
804.000
204,000
2,410,000
Second National..
6-iM,lOO
6,7116,000
4,494,400 1.67ti,8a0
Ninth National...
809,-00 16,851.400
16,694.100 2,316,900
First National
5,116.200
4.047.fiOll
961,100 1,268.300
Third National ...
224,900
24 8,500
1.142.700
1,167.100
N. Y. Nat. Exoh..
2.19H.200
481,600
115,000
2.056,400
Bowery
2.4H1.701.
Siil.lOO
354.400
2.010.900
N. Y. County....
81H,200
2.679,6011.
461.400
2.48 .3
G. rman-.Viueric'n
3,842.2110
662.000
277,900
3,0.13.000
Chase National...
3.124.000
174.7..
767,700
2.860,700
Fifth Avenue
2,622,000
150.000
430,000
1,976,700
German Exch'nge
2.325.200
314,500
165,1)00
1,880.900
GHnuania
3,2 -'4. 100
211,900
2,720,800 1,024,H00
United States
2 980.900
7611,500
270,400
2,lo7.500
Lincoln
1,319.100
216.800
156,000
1.2-7.100
Qarfleia
1,237,100
168,7.-0
1 6,800
1.197.700
Filth National
4.411.400
9 11, -200
684,900
3,090,6 "0
B'k of the Meirop..
1.821.400
99,001)
609,700
1,431,200
West Si-e
327,200
1,500,000
1,6-22,700
98,200
SeaUiard
10.97-1,8110

ATuerica

267,000

Phenlx

—

90,000

29S.809
668.50O
153,400
"2.B(io

412.900
42,600
6>'9 200
872 400

.

—

2t,9.O0«

423.000
45,000
6,400
l'80lo00

>i

287 600
24'2,600
4'35

103,606

989.900
45,000

H

2'i6.80O

180.000
237,000
35.400
45 OOO
430.600
K-z.g'do

191,600
180,000

46,000

180.000
43 600
177 80O
1330UO

1

307,206,400 114119600142,683,000 380.798.800

Tot al....
'*

00d

S69,io6

9,839,300

No report; same au last week.

The following are

totals for several
\L. Tenders.]

Specie.

weeks

Deposits.

past:
OirculnfioTi Agg. Clear'ga

S

J-ne2n 298 883,800 114661 »00'40.727.000 371,751.200
" 27 308.78.6.60111113966600 48.628,700:876,763.600
July 3 307.206,400' 1141 19ii00l42,688,000|380,798,800

Boston Banks.
1885.

149.141, -SOO

J'nB20
" 27 149,708,7011
July 3 l.)0.211.800

9,889,300 481,709.365

—FoUovrins; are the totals of the Boston hanks

Loans.

$

9,978,«(i0 440.069.748
9,91(1,700 448,1158.921

Specie.

L. re?wJer».

Deposit*.*

$

$

S

a,759.<i00
8,777,4 00

8,782,600

Circutatioli Agg. Clear^ga

*
59.174.914
62.009.888
67,726,242

6,081,800 110,079,000 22,0«1.400
6.483,800 109,46-,(l00 21,90.'i,OllO
5,372,300 109,492,10 22.(J05.800
.

1,382.5.-3
Pliiladelpliia BaiAs.— The totals of the Philadelphia banks
H3,71-/
45o.48;i
236,121 are as follows:
3,b9o.4H9 4,267.173 17,581.953 19,427,073
Agg. Clear'gt
PeoriaDec.&Ev 4thwkJ'ne
Lawful MoTiey. Deposits.*
16,307
14,24
?26,42o
366,310
PUUa. cSt Erie .. May
274,560 2 <fi.853 1.2li,256 1,324.443
S
$
May
.
PMla.ikReadins
2 377.424'2.8'a7,94 10.2-11,910 12 069 901
7,488,008
27.17(5,845
78.041,018
45 562.875
74,665.886
June 20
Do (\ <v Iron .May .
1,267,178 1,882.219 5.316,02
5,9 0,5 12
7,41-J,0(10
4 1,999,136
74,43-3,300
77,6-J 1,600
27,160,600
27....
.viay
.
Bichm'd &Danv.
292,07
2 9.3i9 1,589,2-9 1,573,283 July 3.... 7.6,541,900
27,160,700
78.704,800 7,375,5110 46,723,109
Ch.Col. &Au(j May.
46.286
48.211
336,279
319.391
-lucla-lmic to« ite u ".lii« (,o ociier ciuics.'Colnnil>ia>^Ur .May .
35.617
36 637
286 814
2 70,706
.May .
46,113
47.014
s Georgia I'ac
266,212
220,001
Unlisted Securities. Following are latest quotations for a
Va. Mirllanrt.. May .
124.02
137.363
573.165
601.272 week past:
West. No Car May
36,437
32,121
180,239
161,307
Eoch. & Pitt8h'Ki4tbwk J'ue
35,-30
31,62
552,065
499,290
Securities.
Securities.
Bid. Aslt.
Bid. Ask.
Borne Wat.&Og April
141.45><
132,532
475 15
455,376
Bt. Jo <fe Westu l.^ii wk J'ne
16,57.'!
474.33?
24,9
2
Atlantic A Pac— Sloik...
6 i^
Mexican National
3
513 10
8t.L, AltunvT H 4tb wkj'ue
2rt,284
Cent. Div., Isl, i.lrt
70
Pref
549,92-.
21,799
663,213
lat raort
14 Vi 17>a
Do (Branchesil iihwkij'ue
14,8H3
Cent. Div., l3t, now
60
60
14,780
345, 3oi378, an
Incomes
8
Mich. A O.-Sub.fuU paid
100
llth WkJ'ne,
Bt. L. F. 8. &
21,604
2-<a.08f
11,733
233.337
Accumul. ianil grant
17
lat 1110 t
45
8t.L.&San t*ran istwlijuly
60.200
73,301
2.0:i9,68
2,1»9,- 82
L., Slock.
N. J. Soulheru
1
71
Bt. Paul iScDul'tb 11 h WkJ'ne
39,45-.;
31,052
477,63
49<,608 A'a.&Cnar.Air
IncO'iiea
2
1st mort., gen. LOuds. .. 112
Bt.P..Min & Mau.lJiiue
491.558 712,165 3,121.028 3,6-4,9,Jl
iiicoiie,-*
90
N. Y. A Green-d Lake. 1st 12^ 17
South Carolina. May
58.101
71.66
4-<2,408
521,5114
Bank,ttMerih,'rel,, gon.M
ii^
0.,3il
N.Y. Penu. A
M....
I
Bo. P..e.,No Div February
82.300
72.97P
184.92,'
15V, 392 B. & M. 'I'el.Co., Hoc. Cer
1
Atl, A G, W., com
90
J8*Mithern Div. March
781,o61
258,939
222,9:7
2=^
740,993 Boat. H.T.& West.— St k.
4
N. Y. M, (Ju. To,.— stoek.
60
Ariztum
Man h
R.Debentures
W.
23,
116,166
14-',562
Sh. A
Stock.
422,015
460,732
46Si N, y.
New Mexio<».. March
3=><
Keceivei 8' c rt
3
6.S.022
54,lrii
801.J 82
172,609
101,748 Batf. N. Y. & PhiladelphU
751, 77
Pref
3
4
North. Pac— Di\'. boiuia
Texas* N. O ... April
79.;<4
86.969
299,917
3 17,33 1
bonds,
6a
Truat
35
North Kiv. Cons.— 100 i).'9
12
Tex. & St. l>oiii8. 2il wk J'ne
20,426
17.471
405,758
333,014 B'kly.i
Kiev., St. receipta 30
Cent.—
Kiv.
Div,,
1st
14 >,
Ohio
Tol.A A.&N.M. May ....
18,83
lO4,60l
19,63(
84,491
Incoio.-a
Ist M., or wnen i .sued
S'O
Union Pacific... May
2,067,5,
2,099.898 9,289,131 9,254.363
57
2ii M., or when issutid..
Ohio Cent., lat M.cer.as.p. 70 iv
Otah Central ... April
52.755
70 8,59
2:-i6,527
3o3,174
lat iiiort
911%
Peiisacoia A Atiauiic.
7
Vlcksii'g Ai Mer May
25,901
30 811
172.821
194.413 Cont. Cone. Imp. Co
10
14
lat moit
83
85
VlcksliSb APa<'. May
2I,50ii
6,614
132,814
20
Pittaliurg A w.-steruj lat
50.036 Denv A Kio(4i-ande— 5.^
674
Wab. St. L &P. June....
941.35 1,174.32
Douv.A Bio at.
6,897.9-111 7,418,858
6
7
Postal Telegraph— at^ck.
1
Weet.ieraey
Mav
60
lat molt.. 68
70
96,068 102 H70
399,742
415,135 c;di-on Kioctiic Llirht
& Den. C.K.St.. 12Vj
Wisconsin Cent'lj:! whs June
Southeru Tel.— 1st M. bils
67.546
80,269
689,915
672,226 Fl.WorthPac.-Stock
Geoigia
10^ 12
St. Jo. A w.,8ik iru tcor,
15 Ht
9*ii4 96 '( St. Jo. A Pac. l.Hi vr. ctr 110
latiuort.,ea
a Notlnc.iamnu eamlait" of New York Peoiisylvunla * Ohio road.
2d mort
8714 40
2d irns cer..
42
b ici-rea-e tbU year wholly lu miscellaneous receiiita.
Briilge Stjck 56
Texas A Pac.— Scrip lc84. 32
•Not iniluiiliiu the flrsi six days of January, preceding time wben Henib-raou
Bonds
103
Old 81-rlp
38
ASC*'iver look p<iHse.Msion.
KaUH. .tt Neb.. lstu-'tcer.|105 lOD
New sciip
35
inoiii
fNot
iiuif Inil. Decatur & Sprlngf. In either year.
42
2d trust cer
Tex.A8t.L..MAADIv.,l8t
20
9 Mexican ciirr.-nc.v.
Keely Motor
6'4
6>4
6s. Ist m(u-t., in rex.vs.
18
M.K. AT.— Income scrip.
Kut inuludluic Colorado Dlvialoq In either ;ear.
41
45
U. a. Electric Light

Peinmylvanla.

.

.May ...

312,423

,

..

.

^

—

. .

.

.

W

.

—

.

.

•

.

.

W

'

I

—

I

-

JtoLTn,

''^HE

1885.]

CHRONICLE.

4<9

iMcom Acooumr vo» iaa TiAB

1884.

I

PnUcht

Euiuiiiici-

^.^..tTTI.'-lS

,.•••.

I'liKiimiKrr

9l^.^}t

.....1.......;....^'.!...

ai.S.W

Kipro-n

lutctXtocuce.

^KallvaaiX

8in»,<f»l

J

Mull

fr^8—91.0''6.<>fl3

MUiwIliinxonn
OiieratlnK pxiiuiiboc, luvluaiuK tuxui..

The Is VRsToRs' SiTPPLBMKHT lumtains a complete exhibit of the

Di-U oftitatts and Cities and of the Stocks and Bonds
and other Compiiuies. It is published on the
last Saturday of every other taonth~^z., Febmary, April,
June, Auynst, October and December, and is fnrnished without extra charge to all regnlar subscribers of the CHBomoL*.
Bxtra copies are sold to suhsi-ribers of the Chrosiclb at 50
cants each, and to others tha n subscribers at %l per copy.

Fund fit

Net detlelton nneralloDS

l.vlO.lui

..^•mf.W.wf*.

.

ReiiliiUuC Ifuaed Uiiea

of RailriMciM

Trtnl

Recelvxl
eat

9138,479

ilefli-lt

Lund Grant. Iriuteca
IsSA (uet)

fi-oiii

fur

pHymentof

Inter-

230,ffTO

(Ilia Jiiu. 1,

9KU,Tn

Bitlanceof tnoome
Di hilt

Coiiimiimlne Jan.

1. 199.'',

on Istmortg. West. DIv. bonds
«23f>.a7«

(Oi t"l)er-l)i-i'enilier).......

ANNUAL REPORTS.

MlAoeilancous

Atlantic & Paoiflc.
(For the ytar ending Dec. 31, 1834.)
Tlie annual report for 1884 is now publiahetl and it is a full
and iiitcrt'siiiig document. The connection of this ro:id with
the Atciiison TopekaA Santa Fe and the St. Louis & San
Francisco, and the aomewhit complicated relations between
the three comiianies, renders all information concerning them
o{ Talue to tue public.

pended fur construction account |488,565, the larg.-r part
of which was for work done and materials lurnished

during 1883, not paid for until 1884. The principal items
of cost of new work done during the year were: ballasting, 122,804; new track in Sacramento Wash, $51,509; and the
new hridge across the C< lorado River cost |119,0«7, incluriing
foundations. The road-bed, for nearly its entire length, is
built ot material that does not require ballasting, tlie exception being about forty mile.< in the vicinity of the San Fran*
»
»
untains."'
cisco
" In Dt'cember last your directors authorized the immediate
construction of one hundred mdes of the Centr il Division in
the Indian Territory, from Red Fork westward; but no work
was done or money expended upon this extension prior to

...

M

1!:84."

MILEAOE OPERATED.
the contract of purchase made with the Southern Pacific
RaUroad Q^mpany, dated Aug. 20, 1884, the Atlantic & Pacific
Railroad Company on Oct. 1. 1^84, secured the possession and
control, and have s ince operated, the road from the Colorado
River to Mojjive, Cal., a distance of 342-8 miles, muking the
ntimber of miles in operation as follo-ws

By

:

Cenlrul

ItiUt,

DirhUm—

,

^ ^,

10 i

Diiriiij: year, hiki In operation at close ot the year
Wesl< ni Dirision—

For

iiiijf nioiitbrt

.5723

-

Forlhi-re iiiiiuibs
In ojierailuu at close of

.

815-1
815-1

year

tlie

917-1

Total mile« in operation Dec. 31, 1881

TBAFFIO AND EARNINGS.

"The

1.2.70

-•

lf240,'2»

Total
DeM; balance Income scoount for the year 1991

i?.-!

,13<J

According to the "tripartite" agreement the interest on
bonds was charged to construction till Oct. 1, 1684, and after
that period to current oiierations.

STOCK AND DEBT.
St'<ck was txsiied durinu the year to subscribers to circular
Sl.SOO.OOO
of Jan. 20. 18-3
54,91o,30O
Amount oiitHtaniiliig at close of the year
ia deposited with the trustees under
Jll.SnZ.nOO
tlie irlpiiitileHerceiiienr
13,.')07,70O
Held by other sUickbiildHrs
held
by 489
are
the
trustees
The 1H5,077 shares outside of
stockholders, being an addition of 404 during the year.
The only increase of the bonded debt during the year was
the issue of bonds and scrip due to subscribers under the circular of Jan. 20, 1883, which subscription was mfistly paid in
1832, but not finally closed and Ixinds delivered until 1884.

Of this nnioiint there

C»N8TRUCTI0N,

" There has been
Of new constniction the report says:
no new main line built during 1884, but there was ex-

Dec. 31,

-

liitei-e«t...'.

UNFUNDED AND FL,OATING DEBT.
" The statement of unfunded debt covers every outstanding
obligation of the company other than the bonded debt and
It includes |2,fi34,51S
capital stock at the close of the year.
loaned by the Atchison and San Francisco companies and
other parties to pay coupon interest, and which has i een repaid
by the salo of lands to E. W. Kinsley, trustee, but not yet
applied to " notes payable." It also includes $1,500,000 dua
the above-named companies, for stock borrowed from them,
and which may be repaid in capital stock, and also the $711,958
of notes given at the date of the tripartite agreement, but not
payable until 1890.
'•
For the total amount advanced by the Atchison and
San Francisco companies since the date of the tripartite
agreement of January, 1880, these companies hold ample
security, excepting for $693,777. made up of the coupon
interest paid ujion old Central Division bonds since 1880,
amounting to $317,290, and other unsecured notes amounting
to $375,486, held by the two companies, share and share alike.
The net floating debt, consisting of current notes and accounts
payable, other than those due the two c mpaides and other
parties, as above recited, amounts to $626,351," consisting
mainly of current bil's payable and vo-jchers and pay rolls as
of

local bnsinesH has been quite satisfactory, considering

the undeveloped condition of the country through which the

Several causes, in addiroatl runs, and is steadily increasina;.
tion to thf general business depression throughout the country,
have seriou.tly interfered with our through business, the principal one of which was the loss of the Colorado River bridge
by floods on May 15. which cut off our connection with the

and whoMy

interrupted our
Southern Pacific Railroad,
through trafitic from that date till August 1. This, together
with imperfect and unsatisfactory connections and traffic
arrangemenis, prior to October 1, materially affected the gross
earnings for the year. The completion of a permanent bridge
at the Colorado River, and the traffic and trackag-i contracts
of Aug. 20 with the Southern Pacific Company, will prevent a
* •
recurrence of like unfavorable conditions in the future.''
" The t entral Division has been operated by the St. Louis
San Francisco Railway Company under a temporary lease,
by which the Atlantic & Pacitic Company receive the entire
net earnings f the division, plus a rebate of twenty-five p»r
cent of th" gross earnings of the St. Louis & San Francisco
Railway Company upon all business interchanged with said
Central" Division. The net earnings of this division for 1884
have been held to pay coupon interest upon Central Division
first mortgage bonds, due May 1, 1885, and do not appear in
the general income account for 1884.
" The Western Division has been operated by the company,
and statements of earnings and expenses are submitted below.
The gross earnincs do not include either the pool balances or
rebates widch were earned from and after Oct. 1, but had not

&

<

December

31, 1884.

SUBSCRIPTION TO CIRCULAR OF JANUARY 20, 1882.
" The sub-cribers to the financial plan set forth in circular
of January 20, 1882, had paid prior to December 31, 1883, 35
per cent of their subdcriptions, a total of $?,31-J,2S8 (four
The company, in ac< ordance with its
certificates fuUv paid).
sold, up to the same date, 521^ per cent desa
a total of $3,440,000, leaving 123^ per cent then open
and unsettled.
'•
On July 11, 1884, such balance of 12}^ per cent was called
from the holders of subscriptioa certificates, payable 10 per•
» *
cent on July 30, 1884, 2}4 per cent on August 30, 1884,"
" the balance being paid in full Aug. 30, 1884; tne enlire s^ubscription was thus dosed in accordance with the terms thereof,
the interest adjusted, the securities delivered, and the outstanding certificates surrendered and canceled." * * *.
" Each holder of a certificate was entitled to and received,
upon final settlement of the 47^ per cent, various securiliea
mort.
as follows: first mort. bonds, West.l Div., $380 first
income bonds. West. Div.. $495;
bonds. Cent. Div., $3S
income bonds. Cent. Div., $49 capital stock, $440." * « •

option,

had

$3.i,000),

;

;

;

LAND DEPARTMENT.
" Of the lands granted by Congress in 1866 there have been
earned and assured to this company, by the construction of
the road and its acceptance by Government, in accordance
with the terms of the grant, about 16,000,000 acres. Of this
amount 1,000,000 acres have been sold for cash, and about
advanced
5 000,000 conveyed to a trustee in payment for money
by the Atchison and San Francisco companies to pay
coupon interest, leaving about lO.OOO.OOO acres now undisposed
» * « "The Aztec Land & Cattle Company has pu^
been sufficiently determined to appear in this report, and Qf
re1885."
The
•which wdl materially add to the revenues for
chased from the company within the vear 1,000,000 acres, and
comi>anies,
ntes due from the Atchi-on and Sm Francisco
has already contracted for about 30,000 head of cattle for the
imder the triparte agreement, for the lust three months of 1884, purpose of stocking the same." * * *
three
the
for
with
those
approximate $80,000, and, logether
'Tlie operations of the Land Department during 1884 wera
months ending April 30, 1885, were available for coupon in- as follows
The
bonds.
Division
Western
on
terest due July 1, 1885,
$575,495
acres wnre coM for the 8ura of
-.

:

proper ba*is for future l,07.'i.49^
IJ t4.wii lots w.re8i>ld f.ir tliCRUiu of
advantages secured by The reeelptM from HinnipiiKO BiMounted to
balance of accouni)
the purchase of toe Moiave Division, and the traffic contracu From Interest (uel
*
rt/\
*u
I
i»l<J-r AilA ^1....;«.r
Ua lucf tKra.»
of August 20. the road earned $437,000 during the last three
Total received dnrlne 1881
months (Ootol)er, November and December), out of a total for Of thin aiii.Mii.t thHie was received In casJI..,.,,. .............
And lu notes i-ecei>able
the year of $1,086,000.

earnings for 1884 will not serve as a
estimates. As a parti l result of the
.

.

1

on oib
olii
»oi

t

''i'.lniSI

iftSn^
io,i»i

:

THE CHRONICLE.

60

excluBively
of these land sales have beea used
and for paying
Department
Land
the
of
expenses
the
to Day
first mortgage bonds
cou^n interrt upon Western Division mortgage.
*
the
of 1910, as provided by the terms of
year
-The further operations of the department durmg the
«,
.,
were as follows
„ __ ^

"The proceeds

[Vol. XLI.

Unclaimed lahorera' wages
Sundry liiibilities. Central and Missouri diviglong
Vouchers and pay-rolls
Trust<'e8 under tripartite agreement (payable in capital

^}i'?^?
; q
qq
418,099
,500. 000

1

stock)

$92,83'-',808

CALIFORNIA SOUTHERN RAILROAD.

"The Atchison Topeka & Santa Fe RR. Company, the bt.
LouU & San Francisco Railway Company, and other part'.es,
which
had from time to time advanced certain sums of money

"Since the Atlantic & Pacific Co. secured control of the
road to Mojave, the California Southern Railroad Company
has been reorganized upon a strong financial basis, and sufficient funds secured to complete its road from San Bernardino
north to a connection with the Atlantic & Pacific road,
near Waterman, a station about seventy miles east of Mojave.
The work of construction of this new line is being vigorously
prosecuted, with the expectation that it will be completed not
later than October, 1885, giving a direct line to the harbor
of San Diego." « * *

E W. Kinsley, trustee, certain lands estimated to
being that
contain 5,144,560 acres, the conditions of such sale
most adthe trustee shall, prior to June 27, 1889, make the
less
vantageous sales possible of such land, but in no case at a
agreed by aU
price than fifty cente per acre, unless hereafter
of such
the parties in interest; the net proceeds of the sales
expenses,
lan(k, after deducting all reasonable charges and
realized to the
to be by him applied and made over as fast as
such
three parties making the above advances. If, after
lands have been sold, there shall remain any net proceeds after
r>aying the advances and interest on such advances, the
trustee is to pay the same to the United States Trust Company, trustee under the mortgage, to be held and applied by
mortgage bonds,
it to 'the purchase 'and cancellation of first
at not exceeding one hundred and ten and interest, under and in
accordance with the terms of the mortgage.' The $52,846
referred to .above, is a payment on account of the sale of
June 27, 1884, above described."
PURCHASE OF MOJAVE DIVISION.
"The most important transaction of the year was the purchase of the Mojave Branch of the Southern Pacific Railroad
Company, extending from the Colorado River, near the*
Needles, to Mojave, Cal., a distance of 242-37 miles," *
"for $30,000 per mile, amounting to $7,271,100, payable as follows: One-sixth part, or $5,000 per mile, amounting to $1,211,850 in cash; and the remaining five-sixths, or $25,000 per mile,
amounting to $6,059,250, either in cash or first mortgage 6 jjer
cent bonds of the Atlantic & Pacific Company at par, at the
option of this company. This contract further provides that
until the title is clear of all incumbrances and is satisfactory
to us by the maturing of the present mortgage in April, 1905,
and the purchase price paid, the said Mojave branch is leased
at an annual rental of $1,800 per mile, or a total of $436,266
per annum. The contract of purchase and lease was signed
Aug. 20, 1884, and was guaranteed by the Atchison and San
Francisco companies respectively, onp-half to each; and this
company received possession of said Mojave branch on Oct. 1,
1884, and has since operated it as a part of the Atlantic
Pacific Railroad.
"In addition to the foregoing, a traffic and trackage agreement was entered into between this company and the Central
and Southern Pacific railroad companies, which, for the
transaction of through business, virtually extends the Atlantic
Pacific line to Oakland & San Franci,-co, including the use
of the valuable terminal facilities at those points, upon the
basis of mileage pro rata between Mojave and San Francisco,
and a reasonable arbitrary for the use of terminals and transfers at Oakland and San Francisco." * * *
"At any time after Aug. 20, '85, the Atlantic Company may,
by giving ninety dajs' notice, in lieu of the pro-rating arrangements above mentioned, enter upon the joint use of the Soulhom Company's road between Mojave and Oakland, and have
the right to run its own trains directly to and from Oakland
Ferry, by the payment of an annual rental of $1,200 per mile
and a share of the expenses of maintenance in proportion to
mileage of its cars." * * »
CEKERAI. BALANCE SHEET DEC. 31, 1884.

GENERAL INVESTMENT NEWS.

farst
were applied to the payment of coupon interest on the
mortgage Western Division bonds of 1910. On June 27, lo»4,
Of this
these advances aggregated the sum of $2,634,513.
amount $1,217,256 had been advanced by the Atchison Tothe
peka & Santa Fe RaUroad Company, a like amount by
and $200,000
St Louis & San Francisco Railway Company,
parties for
by other parties. In order to reimburse the above
and wnBuch advances, on June 27, 1884, the company sold

veyed to

&

&

AtieU.
ConglrtietioH—

Weetern
Ceiltlftl

C:entral

Inci

me

$32,577, S41

l>lvl^lon

DIvinlon

l,RO!l.U44

mid Missouri diviglong
account, ('eiitral aud MUeouri

Capiial stock losned to tiustees under tripartite agreeiueut
31,750.000

Total cost of property and franobiaes...

$88,913

InterfSt

bank
AM-ountu rccfiTHble, Western Division (net)
"8anKrMnciH(o" to Central and Mitsimri divisions aceouat.
MHterlnlg and snpiilies, W esteru Division
C'asli in

,

Office furniture,

Boston

office
..

Sfii)

12,754.923
4116,838

18,277
16,507
47.^.345

3,2B9
164,076

$92,832,808
LiabililUa.

Fundefldeiit (»eelNVBSTOBS'Surpi.KME.\-T)
$31,005,204
Common stock
43,41O.:'0O
.'."...".".
Missouri Division, pn-fcircrt stm*
l'^.OI)0,0(iO
'.'.'....
Oeniral Division preft-rred stock
1,400,000
•' Atchison " Co., of wliich #
,2 1 7.256 is seonred by conveyance of lands aud if 16i',C00 by Central Division llrst mortfane l)onds
1.723,214
n Francisco" Co., same as preceding
......"...
1.7i4,07il
Other bills pHynb'e secured by convoviime of lands
'..
200,000
"Ban Fr-nilhco" Co., for notes given under tripartite agreemint.doc III li-s-e
»
.„...
711,958
.'.
Bills paysbl*'. pnrilv secured
230.915
CoDjxm interest, including coupons due Jan'.'i,' isss!!!'.!'.!!
480,630
:

•

—

Chicago* Atlantie— New York Lake Erie & Western.—
Judge Wallace of the U. S. Circuit Court has handed down a
decision substantially vacating the injunction recently obAtlantic, restraining Erie from
tained by the Chicago
Atlantic and from the
diverting traffic from the Chicago
Great Western Dispatch fast freight line.

&

&

Cincinnati Indianapolis ^t. Lonis & Chicago.— President
M. E. Ingalls submitted the following income statement for
the year ending June 30, 1885, estimating June earnings and
expenses

:

Gross earnings
$2,491,527
Add earnings from rent, elevators, investments and other
sources
98,600
Total gross revenue

$2,590,127
1,607,507

Deduct operating expenses
Net earnings
Deduct fixed charges

$982,620
690,978
$291,641

Bnrplas

After the reading of the report the dividend question was
taken up and discussed by the directors. It was unanimously
rt solved that in the present state of the business of the country
the declaring of a dividend would be inexpedient.
Cleveland Columbus Cincinnati & Indianapolis. The
following is the statement for the three months ended March
31:

—

1885.

1884.

Gross earnings
Operating expenses

$827,161
672.126

$SPfi,W0
696,556

Net earnings

$'55,035
191,163

$2(0,.'i44

$36,123
44,340

$1,167
66,170

Interest, rentals,

&c

DcBclen".y
Additions to property
Total deficiency

Fargo

201,811

Changet.
Dec. $ii9.738
Dec. 24,430
Deo. $15,309
Dee. 10,648
Inc.

Dtc.

$34,661
21,830

$30,408

$'J7,637
Inc. $12,831
report has stated that
hereafter be controlled and operated by the Chi-

A^ Soiitliern.

this road wUl
cago Milwaukee

&

St.

— A Milwaukee

Paul Company.

It will

not,

however,

be included in that company's organization for the present,
but will retain its own officers. The road, which was built
last year, extends from Fargo, Dak., southward to Ortonville,
Minn., 120 miles. It was built and is owned by parties who
are largely interested in the Milwaukee
St. Paul.

Gulf Colorado

1,029,219

Inoome account, Western Dlvkion

the petition for the recovery of the Jersey Central
property from the Reading was postponed for a short time.
Officers of the two roads have been conferring, and a compromise may be made; but it is reported that the bill was to be
filed with the U. S. Court at Pittsburg to-day.
The managers of the Reading Railroad Company have
chosen Mr. C. B. Wright as one of their trustees under the
plan of reorganization for the property. Col. Henry A. Dupont
of Wilmington is the other trustee for the managers. The
other trustees so far agreed upon are H. W. Bartol and J. B,
Garrett, on the part of the Bartol Committee; Charles L.
Borie and Joseph Wharton, on the part of the Whelen Committee. As soon as the foreign bondholders have named their
trustee the reorganization will go into effect.

&

21,746,834
divis-

ioi,B(old)

New Jersey— Philadelphia & Reading.—The

Central of
filing of

& Santa Fe.— At

Dallas, Tex., July 6, this
railway company filed for record a trust deed on the company's property for $2,100,000 in favor of the Loan & Trust
Company of New York. I This is the new second mortgage at
$8,000 per mile in place of the old mortgage at $13,000 per mile,

Houston East & West Texas.-At Houston, Tex., July 8,
Judge Masterson, of the District Court, sitting in chamheard the application of the stockholders of the
& West Texas Railroad, asking the appointment
of a receiver for said road. After hearing the objections the
Court granted the prayer, and appointed M. G. Howe, present
Assistant Superintendfnt of the Houston & Texas Central
Railroad, to be receiver. This is a narrow-gauge line running
from Houston to Shreveport, when completed. Trains are
now running on the road as far as Logansport. La., a distance
of 193 miles from Houston.
The roadbed in the remaining
forty miles to Shrev. port has been constructed, and the laying
of the rails is all that is necessary to complete the road. The
road was projected and largely built by the late Paul Bremond,
and is known throughout the South as Bremond's road.
Luke Erie & Western.— The opposition ti the stock assessment scheme of the board of directors of tie Lake Erie &
bers,

Houston East

—

July

'tl,

THE CHRONICLE.

1888.]

Western Railroad ("oinpiny in ronrpntrntiriK under the leaderBliipof 5Ir. John lilootlKOod. Tliere are wveral RtockholderH
who are iinwIlliirK to pay the desired 7 per cent HHHessment,
and they have biKnil\ed to Mr. HloodKOod their willingness to
combine and try to defeat the Sfhenie.
LoiiisTille a Nashville.— The Louisville & Nashville Rail-

Company advertises that it will liuv ifMaft '"in ,,f ..„nd«« of
'. 18Hfi.
the citv of Ixiuisville which mature April 1,1"
l^ulsand April 1, 18.S7. These honds were l)0^^(^^
ville hv the railroad coninany in 18")6, the company nK'reeinK
to pay the coupons and the prinripal. The roinpriny has
deposited as security for the bonds ifa-iCOOO in Government 4
and 1'^ per rent bonds. It is now jiroposed by the LouiHvUIe
& Nashville manaxenient to buy city of Louisville bonds, canceling just so much of their debt. The Government bonds
will then be sold at a high premium.
Mexican CentraL— The actual situation of this company
as re^^ards the Mexican Government is not easily ascertained.
If the injury to the Me.xioan Central is limited to a temporary suspension of the subsidy payment, it may easily be
borne; but if the Mexican Government is inclined to discover
grievances, or exaggerate petty differences on tariff rates into
Late
violations of charter, the case will \te more serious.
newspaper disp:itche8 say that the Mexican Government notifies the Mexican Central road not to make sixjcial fiei«ht rates
from the United .States in violation of the legally-fixed tariff
and law concession, and ^ives notice that it will investigate
charges and impose penalties if the cases are proved.

road

51

The increase in the ns^ewied value of real evtate, the ('nmmissionerH say, wan due to four causes First, the completion
of buildings throughout the city which were assessed lastyealin pr(V-es« of construction; second, the erection of new buildings and improveiiii'iits and alteratioiiB on old ones; third, a
more j>erfect equalization of assessed values in the upper and
lower wards of the city, an<l, fourth, appreciation in the value
of real estate generally. The following table exhibits the
assehsmeuts on personal proi)erty for IS-JJJ, 1884 and 1885 :

—

i

Mobile & Ohio.— This company on Wednesday change<l the
gauge of its road from 5 feet to 4 feet 8}{ inches. The work of
moving the rails was accomplished in about twelve hours.
Standard-gauge cars are being loaded with freight at Mobile,
will go throuKh to northern and western points without
transfer or change of trucks.
New YorkChicagro& St. Lonls.—A meeting of holders of
car trust certificates was held this week in New York. C. C.
Beaman, of the firm of Evarts, Choate & Beaman, addressed
the meeting, and briefly reviewed the court procee<lings that
had been taken for the purpose of protecting the holders of
the Nickle Plate securities.
Mr. C. S. Brice explained how the |6,000,000 realized from
the sale of the car trust certificates had been deposited in the
broken Metropolitan.Bank as a trust fund, to be used only to
purchase e<iuipment for the road. Of the entire amount all
but f.'iOO.OOO had actually been expended fur equipment. The
remaining iS.500,000, Mr."Brice said, seemed to have been used
by the bank as part of its general assets without the consent or
When the bank suspended the
knowledge of the trustee.
trustee received from its securities apparently sufficient to
cover the amount due the trust fund.
The meeting resolved to leave all future proceedings in the
hands of a committee, consisting of W. H. Male, George F.
Baker, President of the First National Bank, and H. A. V.
Post, of Post, Martin & Co. The following resolution was
adopted: "That it is the sense of the meeting that the sum of
$200,000 is not an ad< quate return to the holders of certificates for the use of their equipment by the receiver." This
refers to the $200,000 per year on the principal payable under
the recent order of Judge Jones.
New York City Assessments. The Commissioners of Taxes
and Assessments Messrs. Coleman. Donnelly and Feitner
have Fent to Mayor Grace their report, embracing a summary
of the transactions of the department for the oflficial year.
This year begins with the assessment of property for purposes
of taxation by the Deputy Tax Commissioners on the first
Monday in September, and terminates with the delivery of
the assessment rolls, certified by the Commissioners, to the
Board of Aldermen on the first Monday of July, as re<iuired
by law. The report opens by giving a comparative statement
or the assessed valuations of real estate by wards and of per-

which

—

—

sonal ebtate for the years 1884 and 1885.
Wards.
First

Second

Assessed Vul-

Inereiue

tialion. IBS.?,

Heal Bi.lnle.
*70.«36,8I4
34.202,140

Orer l>^^4.
Heal Kxlnte.
flS.vtU.slt
3,«71,3I9

Tlilrd

S8,294,i

00

2,305,11!)

Fiiiinli
FIfili
Siitli

13,151.80»
45.539.»79

H4i»,.<03

S«vpnth
ElKlith
Ulntli

Tenth
ElevBiitli

Twelflli
TlilrteentU

Fourteenth
Fifteenth
Bixtcentli

Beventetuih
ElKllt.enlh

Nlnelwnth
Twpntidh
Twenty llr«t
l-wenivnocond
Twenty-thlni
Twenty-fuurth
Total real estate

Personal Estate.
Resld.nt
Monn-i'i'lent

BUareUoldcrs or banks
Total personal estate

:^3.!)71.441
1«,634,R.'S9

3S,45?.209
2l',039.766

1 .!»0'.).0.^n

1.310..353
2>-8.4G7
431,'>11
24r..9^2

17.437.0^5

2(I!>,1.51

16..'i77,370
121,90.'),690

6,7i3.2'i.">

76,227
1(!1,730

10.187.345
24.312.215
5S,189,266
37,033.514
33.184,931
77.090,378

Deo. 13r>.-,li.
2,245.015

198.29fi.968

5.M>1.02i'

4«.9.'S4.495

88,.341.3H
95.178.889
18,5.59,0^9

10,272.115

$1,168,443,137
Assessed Vatno/ion, ISS.l.

347.423
1V5.108
K(Ki.59«

««1.723
144.313

ToUl

$18,817,051
Di crease

/rom 1884.

$132.2^7.930
9,669.643
60,746.291

$9,367,479

$202,073,806

$15,862,880

9it0.930
&,r,04.47;

IBS'".

»127.«78.542

$141.62.^109

$1.(2.257,930

10,715, .533

10,iitlO,572
0«,2.'j0.765

».'69,6-l2

59,157,4X0

Blmri'lK.Ulersoflmiiks..

The assessments upon

60.716.294

$202,673,806
the shareholders of banks since 1878

$197,510,495

are given as follows
«77,<I5(>,395
1873
7«,*-97.%"0
1874
73.: 9(1,989
1875
8.^.11.1. 116
1876
14.274
73.1377

$2

18,.->36,710

:

'

i

I

I

I

179.320
68.082,970

lt,78

fi,'.

1879

1890

»55,601,«K»7

1881
1882
1883
1884
le85

58,»24,H94
r>7,yu.r,lit

59,1^2.420
«6.2.'.o.7a.5

60,746,204

The decrease of |.'j,504,471 in the assessed value of bank
shares since 1884 is chiefly attributable to the suspension of the
Metropolitan National, Marine National, and Wall Street
banks during the past year, and to the increase in the assessed
valuation of the real estate of various banks, which assessed
valuation has to be deducted in estimating the value of bank
shares for purposes of taxation. These two causes contributed
$3,766,453 toward the decrea.se, th« balance being caused by
depreciation in the value of the shares of certain banks and
the increase in the amount of assessed valuations of said
shares sworn off by the holders thereof on account of increased indebtedness.
New York & New England.—The exchange of car trust certificates into second mortgage bonds under the terms of the
compromise is going on well. Since the election of Messrs.
Hart. Fitz and Kingsbury as members of the board of cartrust managers, June 29, $233,000 certificates have been
received for conversion, miking the total amount thus far
sent in for this purpose 1863,000 out of the total of $1,24 l.OW,
and leaving only $378,000 which have thus far not come in.
Judge Shipman heard the application of the managers of the
car trust, for an order to Receiver Clark to permit them
to S"1I the cars of the trust, in the United States Circuit Court
at Hartford, on July 9, but no decision is yet announced.

New York West Shore & Buffalo.— Mr. Ashbel Green.
Receiver of the North River Construction Company, has filed
an answer in the suit of the United States Trust Company for
the foreclosure of the West Shore mortgage. The answer discloses some of the interesting questions that are likely to
develop in the foreclosure proceedings. Following are the
principal points of the document:
Firu*— The North River Construction C'lmianv expRnded about $7,000.000 more than was required under the contract to build tlie road,
and thin sum Is a prior lien on the West Shore properly, or rertain parts
of It. The debt to the North River company is claimed to be a prior
ll?n to the Went Shore tlrsts.
„,
. „
,
Se'Oiirf— Receiver Green holds 589 b.inds of the West Shore A ITudBon
River Railway Conipuny and 3d bor:d8 of llio New York West Shore &
Chieago Riilioad Company. Tlie«e bonds are a lien on iv portion of the
West Shorn property In Orange County and the United States reserratlon at West Point, and are claimed to be prior liens to the West Shore
Third— the receiver holds 988 shares of the capital stock of the West
& International Bridge Company, which is the lawlul owner of
part of the West Shore prop, rtv In Erie County, and the receiver "a cialm
on this stock and proiwrty is alieited to be superior to the claim of the
United States Trutt Company as Trustee of the West Shore first mort-

Shore

jTHfre

bonds.

J?oni7A-The Receiver holds and owns $2,363,950 first mortgage oouwhich are n j>rlor lien to the flrst mnrigsRe honds themselves.
FiCfft— Receiver Green takes the Rround tliat the Now York State
Supreme Conn hiis no jnri.sdiction to order the sale of that part of the
West Shore Kaiiroad Company'* property situated in the State of New
Jersey, and which is eovered by the mort(raee.
Siith—Jhe principal of the mortgage, it Is claimed, has n-ver been
legally declared to be duo. and the BOtlon to foreclote was prematurely
hnnuht. The trnsti^o has been directed to d'smiss the present suit
because the holder of the coupons on which the Bult was brouxht has
waived the default.
The Philadelphia committee of bondholders has formed a
new plan for foreclosure and reorganization, which seems to
be substantially the same as the plan of the Taylor Committee.
It contemplates a prompt foreclo-ure. and the union of the
bondholders to be represented at the sale to prevent outside persons securing the valuable property at a merely nominal price.
The bondholders signing the Philadelphia plan do not agree to
hold their bonds nor to deposit them in trust until after $26,000,000 have been pledged to the scheme. Copies of the plan
poi.s,

—

and other information can be obtained by addressing the Secretary, Mr. R. H. C. Hill, 303 Walnut Street.
Northern Pacifle. Approximate land sales of the Northern Pacific for the month of June, 18H,5, with corresponding
month of the previous year were as follows:

—

ruwn

4.i4'i,283

2,928.804
SSS.SCi

18^4.

ISfcS.

Up«ld<>nt
NciD-riMildent

June, 1885...
June, 1884...

Acres.

AmoHtit.

Lots.

51.-a7
32.339

$j35.6i7
191,100

$1,270
4,945

•$3,675
$44,521
Total increase. 1885.... 18.8.-i8
this year, $t 60 , last year, $5 09.

$40,846

Average per acre
*

Decrease.

Texas TrnnV.— .\t Dallas. Tex.. July 7, the Texas Trunk
Railway was sold for $110,000 to Messrs. J. E. Snyder, W. J.
Keller, J. E. Henderson and others, who held a judgment
against the road.

:

.

THE CHRONICLE,

r52

[Vol. XLI.

COTTON.

Commercial Simes.

Friday, P. M.. July 10, 1885.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (July 10), the total receipts have reached 1,262
previous
Friday Night, July 10, 1885.
bales, against 1.643 bales last week, 2,155 bales the
improved crop week and 2,877 bales three weeks since; maJcing the total
•Warm rains in middle latitudes have greatly
which were very receipts since the 1st of September. 1884, 4,719,543 bales, agamst
prwpects, especially for corn and roots,
the same period of 1883-84, showing a
drivers at 4,794,874 bales for
street-car
the
of
strike
A
backward for the season.
decrease since September 1, 1884, of 75,331 bales.
practically
being
Chicago has been adjusted by their demands
Total.
Fri.
Wed. Thurt.
Tiiea.
Mon,
Receipts at—
Bat.
at Cleveland is
met. A serious strike among iron workers

S:he

The Movement op the Okop.

COMMERCIAL EPITOME.

dull trade, when
It is now the seawn for
resorts, but an early
summer
the
for
deserted
the cities are
and brisk opening to fall trade is generally anticipated.
week, the
Lard futures were quite depressed early in the
quite
times
being
at
way
speculative
in a
BtlU in progress.

selling

movement

6-73o.
heavy; but prices to-day took a steadier turn, closing at
7c. for
and
September
for
6-90c.
August,
for July, 6 77c. for
for prime
October, and lard on the spot closes firm at 6-50c.
for the
refined
for
6-90c.
and
6
Western
prime
for
-750.
cify,
steady
Continent. Pork continued to favor buyers but closed

at

50@$13
|9@ 19 25 for extra prime, 111 25 for mess and |13
Cut meats were more active and firmer— pickled

for clear.

9^@10i^i.
bellies 5%(a5?ic., shoulders 4;g@5o. and hams
shoulders
at 5;g
and
llj^c.
at
quoted
lOJ^®
Smoked hams are
@6c. India mess beef is dullat |19@$n per tierce; extra mess

quoted $11 and packet |12@|13 per bbl.; beef hams are firm
at $23 per bbl. Tallow has been dull and closes easier at
5 5-16c. Oleomargarine is quoted at 6?^@7c. and stearine
7K@8c. Butter is firmer at 16@21c. for creamery. Cheese
also firmer at 6@8}4C. for State factory. The number of
Bwine slaughtered at ten Western towns March 1 to July 1 was
2,871,334, against 1,940,888 at the

same towns

for the corre-

sponding period last season. The following is a comparative
summary of aggregate exports from October 27 to July 4
.lbs. 37.107,800
'
- - Iba. 31 1.0i8.38.5

1883-84.
27.4)8.000
247.2C0,i)29

206,64^,213

140.925,992

18*^4-8^.

Pork
Bacon
Lard

11)8.

Ino. 10,159,200
Inc. 63,847.4=^6
Inc. 59,722,221

There has been less activity in cofifee on the spot, but prices
are firm, with fair cargoes Rio quoted at 85^c. Options have
been only moderately active at prices indicating an unsettled
tone, from their irregularity, closing at 7'05c. for August,
Raw sugars have
7'15c. for October and 7-25o. for December.
This was especially true on
been at times very active.
Wednesday, but close quiet, with fair to good refining quoted
at 5}4@5l4c., and refined at 6%c. for standard "A" and 7c.
for crushed. Molasses has been firmer, cbsing at 21(3 2H^c.
for 50deg. test. Teas are dull; there are sellers at the close
at 219^0. for standard Japan for August, 22}^c. for October
and 22J^c. for December.
Kentucky tobacco has been very quiet, the business of the

week being

limited to 100 hhds., of which 60 for export.

8

G

• -.•

....

Galveston
Indlauoia, Ac.
New Orleans...

16
2

42
20

4

5

1

3

280

38

14

3

....

Brunsw'k, 4o.

...

....

....

....

1

4

3

1

9

51

2

15
45

45

....

....

.—

•..•

.—

New York

....

....

Boston
Baltimore

39

week

69

97

30

15

..*.

1

....

....

ei

15
3

40

631

288

1.006

3S4

4

Phlladelp'a, Ac.

....

....

15
...•

Totals this

32

5

Charleston
Pt. Royal, &0.
Wilmington....
MoreU'd C.,&0
Norfolk
West Polnt.&o

....

....

....

Florida

Savannah

35
15
448
29

17
15
58
4

61
5
15

5

215
751

....

72
751
254

1,177

74

1,262

2.862

Forcompanson, we give the foUowinsr table showing the week's
the total since Sept.l, 1884, and the stock to-night,
and the same items for the corresponding periods of last year.
total receipts,

July 10.

15

New Orleans.
MohUe
Florida

Savannah

1,443

320

78«

1,935
9
197,283
6,310
2,, 18
6,130

1,411

206.449
6.310
4,037
7,328

257,180

282,540

1.177
2,«fi2

4.719.543

6.4.54

4.794,874

61
5
15
215
751

Total....

1,361

3,102
60
1,139

M'headCAc
Norfolk
W.Polnt,&c,
Sew York...
Boston
Baltimore ...
PhUadel'a.Ac

15
32,675

417.308
13,705
91,746
12,658
578.059
221,896
106,002
184,369
30,799
65.984

Pt.Royal,&o
Wilmington..

1,776

1,696

510.991
7,593
93,610
9,62
551,199
283,036
68,036
82.392
42.139
52,864

15
45

Charleston...

1884.

8,475
570 1,512,844
321 253.095
42^888
99 653.601
8,084
1

10,8 17

Br'8W'k,&c

1885.

591,261

86

456,265
11.006
448 1,513,297
29 229,114
76.502
51 720.491

35

aalvestan
Ind'uola.Ao

Since S'p.
1, 1883.

TKis
Week.

Since Sep.
1, 1884.

This
Week.

Stock.

1883-84.

1H84-83.
Beceiptt to

159
3
26

530
5

333

5,077
2
1,649

48.830
3,843

322

In order that comparison may be made with other years,
^ive below the totals at leading ports for six seasons.
Receipts at

—

1884.

1885.

50

8alvest'n,&o.

1883.

87

1881.

1882.

233

3,108

2.189
3,4-0

we

1880.

837

Seed leaf has been comparatively dull, the sales of the week Sew Orleans.
3,185
570
4,127
1,054
448
327
amounting to only 1,2.^)0 cases, as follows 400 cases 1884 Mobile
6b7
321
151
728
29
66-2
2,663
531
99
638
51
crop, Wisconsin Havana, private terms 150 cases 1884 crop, Savannah
94
706
900
60
162
167
Connecticut, 14(ai6o.; 300 cases 1881 crop, Pennsylvania, (Jbarl'st'n, Ac
I2t;
26
17
35
93
WUm'et'n, Ac
6(a9c.; 150 cases 1833 crop, Pennsylvania, 6!^@10c.; 150
2.410
1309
Sorfolk, Ac.
533
466
66
1,691
cases 1833 crop, Pennsylvania, 8@13c., and 100 cases 1884 AU others....
4,651
2.120
5.938
3,509
2,158
3,572
crop, Pennsylvania, private terms; also, 250 bales Havana,
Tot. this w'k.
11.024
8.142
18.199
10.691
2,862
6,454
60c.(3$l 20, and 200 bales Sumatra, $1 20@|1 60.
4S66,895
The speculation in crude petroleum certificates was very Since Sept 1. 4719,513 47;t4.874 5Hl5.«t86 4639,715 5722.04.^
Galveston includes Indianola; Charleston Includeis Fori Royal, Ac;
active and excited early in the week, the price touching $1 03,
Wlluilnirtonlucludes Morehead CSty, Ac; Norfolk Includes West Poiut.Ao.
from which figure there was a reaction to 95c.; but to-day
The exports for the week ending this evening reach a total
there was some recovery with the final close at 97>8@97i^c. of 27.049 bales, of which 11,651 were to Great Britain, 4,858
Crude in barrels quoted at 7J^@73^c. refined in barrels for to France and 10,540 to the rest of the Continent, while the
stocks as made up this evening are now 257,180 bales.
Below
export 81.^ (a8%o., and in cases gj^'Q lOJ^c. naphtha 7o. The are the exports for the week and since September 1. 1884.
speculation in spiiits turpentine has shown renewed acWetk Ending July 10.
From Sept. 1, 1884, to July 10, 1888.
tivity, with sales for the summer and autumn months at
Exported to—
Exported to—
87-%(a3Sc.; but the close is quiet and somewhat unsettled.
Bxfiorts
Oreat
ChatiContt- Tbtal
Oreat
Eosms are barely steady at $1 20(3$! 25 for common to good
from—
*>^««
FtaTice
Total.
ne7it.
Bra'n.
nent.
Week. Britain.
:

;

;

;

strained.

The movement in metals continues unimportant, and at
Kxchanee pig iron certificates were dull and un-

to-day's

changed; bids ranging $15i^@$155^, and fl«i^ asked.

Tin

closing further advan<-ed at 2J-25(a22 75n. spot, and
20 05@21 25c. futures; 10 tons S-pt. sol.1 20-75c., 20 tons Aug.
old at 21c. Tin plate firmer at $4 40@$4 65. Copper quiet.
Like closing st-ady at 10-8.'5@ll-10o., B Ito. at 10-35 JIO^.;
Orford at 10!^(a)10-4.5c. Lead firm at 4-05@4-20c. domestic.
Sp-'lter quiet at 4(a4Vic. domestic.
Orean freigtits nave been at times quite active in grain
shiiimenta and petroleum charters, but the close i^ quiet, the
busint 8s to-dav being limited to grain to Liverpool 2i^'i. and
to fjlasgow 8V^ 1. p-r bush., and oats to London l->. 41. per
quarter. Lhii- petroleum charters include refined. Phil.-idelpma to Antwerp, 28. 7a., and crude hence to Dunkirk 3d. l^d.
stronir.

Qalveaton

157.1148

New Orleans..
MoMle

S.510

608

4.018

florida.

Savannati
Chariest CD*...
WilmlnKtOD...

8132H0

.Sorfolkt

New York
BoBton
Haltlmore...

I0.!i97

.

etalladelp'a,&a

10,033j 21,077

800

800

2141

254

ll.eSl

\KKUH

4,853

—10 MO

483.156
128,813
122.761
Ol.Olh

6.375
46,238
8,087

t Includes exports

64.145
281.418
331.502 1,320.646
700
43,830
3,585
199.256 390.868
839.986
153,515
14.1 >4U
68.868
25.(170
S45.S05
714,108
184,711
670 129,383
40 871 166,709
5.816
66.834

£7.049 2.401.504396.123 1,020,796 3.t'18.S13

-

100
31.180
40,747 ,2,889.051 165.244
Include)* exp'triB from Port Koyal, 4o.

Total
'

1,318

"9^619

692.297 296,848
43.130
S.58S
....
179.903 11,699
164.211 22.259
61.822

from West Polot,

Jto.

914 196 3,788.491

JutT U,

THE CHRONICLE.^

1886.]

In addition to above exports, our telegrams to-night also give
ns the followinjc amounts of cotton on shipboard, not cleared,
at the ports nameii. We add siniiliir tif^res for New York,
wWch are prei)ared for our special use by Messrs. Carey, Yale
& Lambert. »d Uroad Str<«t.

Tmc Sales and Priokb or PrmnuES we iihown by the follow*
tag oomprehonsive table. In the statement will be found the
'laily market, the prices of saUfs for (Mich month rvw-h day, and
the closing bids. In addition to the daily and total sales.

|3gi

On Shipboard, not eltartd—for
JuLr

10,

Leaving

AT—

Oreat
Britain.

NewOrleiuis

2.638

Mol)ll«

Noiio.

CbHrloHton

None.
None.
None.
Nonp.
s.ooo
2.500

Baviiiinith

Oalvt^Mtou

Norfolk

«ew

Vork
OUier ports

n„„,.

'^"^-

Total 1884

10,085
15.096

ToUl 1883

Tho speculation

m-,^
^'<"-

Orxutwlte.

Jn»-etan

8to6k.

a"

542

245

Noiii?.

None.
None.
None.
None.
None,
3,300

None.

200

None.
None.
None.
Nouo.
None.
None.
None.

3,121
None.
None.
Non.v
None.
None.
8.300
2.700

IP8.gM3
12.804

None.

4,012

215

14.425

242.755

1,123

4.000
3.093

l.%0

15.351*

2.902

22 9S4

2G7.182
310,K86

None.
None.
None.
None.
None.
None.

10,138

Total 1885.

Olher

1.8 •?

29.250

5077

53

T'-oSi'

mi

nii ml
Ul%
hii
f'oS'^ i"*?..

m

nil

8E

1.361
1.(140
1.r>9«
1

.9^5

in cotton for future delive ry at this marlcet

^
has been rather quiet for the week under review, with price

and showing some

variable

quite

Foreign

irregularity.

home market very

advices have been quite steady and the

good, but the favorable crop accounts hare ex erted an oppos-

On Monday

T)g influence.

there was

ited olterings compelling holders of

some advance, the lim-

peremptory orders to pay

more money. OnTueaday and Wednesday the mar ket opened
easier and closed dearer, especially for this crop. On Thursday the depression in futures at Liverpool and dull accounts
from Manchester caused an easier opening, followed by a furTo-day there was a fresh

ther decline and a dull closing.

most decided in the early months.

decline,

spot has been in good

and very firm

fair export,

terday,

demand

when

for

Cotton on the

home consumption, with

were maintained

prices

holders showed more

di-sire

a

until yes-

To-day

to realize.

the market was quieter, middling uplands closing at IQijC

forward delivery for the week are 133,200
For immediate delivery the total sales foot up this week
6,044 bales, including 1,650 for export, 4,394 for consumption,
bales
for speculation and
in transit. Of the above,
were to arrive. The following are the official quotations for
each day of the past week.

The

total sales for

bales.

—

Sat.

Ordln'y.T^lb
Strict )nl..
I

Good

;

Oi-d..

OM Ord

>,

S

LowMildV
Btr.Lw

13

.Uld

Ml<tdlin«...
6oo<l Mill .
Btr.

»

«M Mid

MlddV

NEW ORLEANS.

UPLANDS.

July 4 to
July 10.

Btr.

—

—

Fair

Fair

:

|Wed

ITIon

Toes

S^t
81116
i>H
«'»
103,8
103a
lOia
10i>,a

Ws

«'*
ai>,«
9'«
978
IOS18
1038
10>«
1011,,
lO'a

11^4
ll'e

ll'a

8'>i«

im

STAINED.
Btrlot (Jooil

813, f

9»R

938

10

1
n

838
SlSj,
»"8

,

lliii

lOSg
1058
1013,8il013i,
11
11
1138
11%
12
12

•

:
!

Wed

Th.

Fri.

8^

8n,8

8%

8%

8'3„

9»8

9»»

813,8
»»B

8»8
Si'ie
90a

10*18 105,8
lOwi
104
lOSg '10=8
lOiSie lOiKjc
11
111
113» !il38

9»8

10

10

106,8
101s
10S»

1(>5,8

105,8

loin

lOlfl

lOii

u>\

103r

1(168

10

10S„

10»a,,iois,e 1013,8 1013j,
11
111
11
11
1138 11138
H3a 11%
13
12
12
12

12

Sat.

JHon Taea|Vred Th.

Vb
8»,8
9%

7''8

8»>8
93a

10

10

10

8i»ie

10

12

day.

,,,.,,,,

11. la

83«

Holi,

105,,

FrI.

10

10

1
3

838
8'»1«

»38
10
106,8

10

t^

10=18 105,8
104
10>i
lOSg
lOSg
1013,6 1013,8
11
11
113»
113«
12
12

^Ib.

Ordinary

I.OW Miililllng
Middling. ...V

i>l»lfl

9»B

10

tA

838

813,,

Wed Th.

8>4
8'ii,

91a
9h
Btr.u'dOrd 9'fl
9^8
9^8
Low .Vldd'g 10»i, 10»|8 103l8
Btt.L'wMJd 10% 1038 1038
HlddliiiK... 10>s
lO-a
10>a
Good .Mid.. IOU18 1011,8 loUie
Bir S'dMld lO'g
lO's
lO's
Hldd'g Fair
ii"* 11m
11 ''9
Fair
ll's
ll'e

Good Ordinary

8%

8S(.

;

Fri.

8>4

nion Tae*

1

im

Xl».

8I4
Siiie
9>«

Ordln'y »•>
BtriclOrd..
Good On!..

TEXAS

inou.Taeii| Sat.

Sat.

Fri.

7''8

7'8

r3j«

1%'
10

10

HABEET AND SALES.
rhe

total sales

and future

deliveries each

day during the

week

are indicated in the following statement. For the con.
Tenienc« of the reader we also add a column which shows at a

glance

how

the market closed on same days.

SAUM OF SPOT AHD
SPOT MARKET
CIXMEU.

Ex-

Bat..

Mon.

Quiet...
Kiiin

Wed Finn

.

Tran»m.

Total.

.FUTDRM.

Steiidy

.500

130,

920
4U8

....

<^uiet

1.650 4,394

....

DM*,

Sola.

Holi dav-.

606; 519
....'1.290
1.2.'>7

Total.

The

8j>ee-

uim

400

.

.

Oon-

tump
!

Toea.

IW.

1

port.

TBAMSrr.

trie*.
1

1.290
1.657
1,420

558

....

600
32.000,
18.000! 2,500
900
2 1, "1)0
26.3 >o;
40O
35,200' 1.000

6,044 133.200

5.400

di^Uvenea driven above are aotually delivered tbe day
Previous to that ou wlilcU tbey are reported.
<Iaily

• Includes 8»Iefl in SepteiulMsr, 1884, for 8«'ptenit>er. l5d,2oo; a«puM]l.
ber October, h»r October. 421,800: ftepteniber-Noveiuber. for November.
582,200; 8epl4Mnl)er-Oe4;eml>*<r. for December. iKJ7,8i)0: Bentember.
JanUHry. for jHUiuiry. 2 U4,lc>0; SeptiMuixir-Febriinrv. for February,
1.95K.200; Soiitenibcr-M»rch. for Manb. 2.2^(4. loo 8<n>'«"ilwr-A|>rll,
for April. l.TaH-^iO; S.«ptember-.Mdy, for May. 1,878,500; Soptember.Tunc, for June, 1,800,700,
;

17* We have included In the above table, and ahall oontlnae eaok
wwi to irtve, the averaKc price of future* each day for each month (t

will !•» found under each dav f.dlowini; the abbreviation •' Aver.
Tho
average for eacb month for the week 1h alao iriven at bottom of table.
Moiid:iv. 10 40c.: Tuesday,
-o.:
Tr.»n«ferabie Orders—Hntunlaj-,
10-40C.; Wedn<»day, 10-450.; Thursday, 10-40o.; Friday, 10-35e.
'

The following exchangee have been made during the wee)is
-48 pd. to excJi. 200 Got. tor Aug.
02 pd. to exob. 500 Dot. tor Jan.
|

—

:

•

THE CHRONICLE

54

aa made up by caole
stocl^ aa well a*
and teleCTaph, is as foUows. The Continental week retume.
are this
3
those for Great Britain and the afloat,
brought dowr
and oonsequently all the European fiffures are
make the totals the comolet*
to Thursday evening. But to

Tmt Visible Sdpply of Ctorros to-night,

item ofexporta frcm

flgures for to-night (July 10), we add the
includins: in it the exports of Friday oniy.
tfik
United States, including
the TTnit^l
1832.
1883.
1884.
1885.
887,000 SM.i.OOO 8 28,0110
825,000
t>al6».
Btook »t Liverpool
6J,300
52.100
53.000
la.uou
Btook»t London
Total Great Britain stock
Btook at Hamlmrg

844,000

.

.f-2SX
1?'AXX
**'VaA
*oo

Btm'kat Bremen
Stock
Stock
Btock
Stock
Stock
Stock
Stock
Stock

at
at
at
at
at
at
at
at

Am sujrdain
KotteriUuu

Antwerp
Havre

,„_???
1^!'9?9

MarselUes
Barcelona

-rSxS
n'XSi
S'UXJ
7,otx»

Oeui>a
Trieste

336,000

Total Continental stooka

910,000 1,047,100
3,400
4,500
50,600
70,000
35.000
51,000
2,300
aoo
8..500
3,400
134,000
220,000
9,900
6.000
8-,000
63,000
18.000
U,000
12.0 >0
12,000

897,500
2,300
21.600

3>il,700

216,400

443,300

1.200.000 1,383,800 1.408,800
2(5,000
251,000
lodla cotton afliiat for Europe. 179,000
101.000
76,000
81,000
for
Eurpe
atloat
c<itt'n
Amer'n
38,000
22,000
5.000
EKyi>t,Brazil.A(;.,a«tforE'r'pe
353.674
2S2,510
25',
180
ports
States
United
Stock tn
26,7t>6
59,633
23.390
Btook in U. 8. Interior towns..
2.300
11.000
2.;O0
United States exports to-day..
Total European stocks

14. .500

1.900

600
133,000
1.200

24,0d0
11.100
5,700

1,1 1.?,90(>

323,000
103.000
20.000
2i9,3.55

2,000

2.056.100 2.238.407 1, 820,994
Ol the above, tbe totals of American und other descriptions are as follows;

Amenean—

bales
LiTdrpool stock
Continental stocks
Anieric*n afloat for Europe...
Unlte»l States stock

Itotikl

353,674
5 ',633

4o

American

925.094
341. 00<
69,500

323,000
53.000
167.800
251,000
22,000

35,000

112,400
323,000
20,000

751,300
531,000
816.800
1,213,770 1,239,306 l,4»ti.607

895,90J
923.09 I

27.i.000

1,719.770 2,056,106 2,233.407 1,820.994
Total Visible supply
61Sj«<l
5»8'1
Skd.
e^i^d.
Prion Mid. Upl., Liverpool
12^80.
lie.
lO^sc,
Price Mid. Cpl.. New York....
10' i.e.
The imports into Continental ports this week have been

ly

Galveston...

IOI9

10^

1018

lO^a

New

10

10

10

10

Orleans.
Mobile
Savannali ..
Charleston . .

9'^1«
101,6

.

..

Wedties.

9'5l6

to

10

lOH

lOH

1014

lOH

10 >«

IQlS
loa«

toifl
10i>9

10 >8

o

lOSs

iOH
10%

10%

10=8
10%,

10%

10%

1014

10 le
lO^S

1014
1019
10>4
10>«
1039

a

10%

8t.

.Memphis
Louis

10>4

Cincinnati...
Louisville

lO'-s

10a«
lo>e
10>4
ID'S

1038

10%

Auf,'usta

1C38

10%

10
916,g

10
10

10

10
10

10!>8

lOis

9i6ie

9'5ie

10
10

S

)>,

Norfolk
Boston
Baltimore
Philadelphia.

10>4

10 >«

IOI4
101,
lOSg
10!>g

10%
1014

10%
10 >4

101
1038

Amount of Cotton in Sight July 10.— In the table below
we give the receipts from plantations in another form, and ad d
to them the net overland movement to July 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
1883-84.

1884-8.^,

1882-83.

1831-32.
I

1,719,343 4.791,874 5,913,936,4,633,713
Receipts at the ports to .July 1
Interior stocks on July 10 iu
•17,215
52,277
•J,97l
11,496
excess of September 1
Tot. receipts

figures indicate a decrease in the cotton in sigh)
to-night of ;>00,:J36 bales as compared with the same date ol
1884, a decrease of 488,037 bales as compared with the corresponding date of 1883 and a decrease of 71,321 bales as
compared with 18S2.

The above

—

Towns the movement that is the receipts
since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1883-84 is set out in detail in the following statement
Interior

for the week and

—

from planta'tus i,731,039i4,777.;59 5,963,263 4,629,744
637,ti93| 464.336
60i,566i 573,6'i
2dl,0i)0
292,000 318.00) 220.000
1

Net overlautl to Jul.v 1
Southern consumpt'nto July

5,597.60.5 5.613,261 6,923,961 ;5.323.0-0

Total in sight July 10

VortUern spinners' takings to
11,337.248 1.517,327 1,632, lOl'l,570,Hl
July 10
I

*

Deorc

ise
will be

from Sflpteraber

1.

seeu by the above that the decrease in amount In rt^ht
as compared with last ye»r. Is 45.659 baleit. the d^ii'roase
from 1882-8* is l,3i6,356 bales and the Increase over 1881-32 is
It

to-nisilit,

274,525

1.5,000 bales.

At the

ri<e».

Salur.

FH.

Thurs.

Mon.

Wilmiugton

OS-

CLOSISO (jnOTATIOSS FOR HTDDLl:<a COTTOS

Week eyiding
July 10.

22t».3'.5

253.000
52,100
133,700

218.000
19.000
113,000
179,000
5,000

afloat

Total East India,

UPl.OOi)

1,215,770 1,239,300 1,486,607

Europe

iSo.,

QUOTATIONS FOR MiDDLIKO COTTON AT OTHER MARKETS.—
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week.

<ee.

Continental stocks
rnrtla atloat for

487,000
74,000
103.000

742.000
223,000

i9,7J9
2,000

.

Etjrpt, Brazil,

564.000
276,000
76.000
282.^10
26,766
14,00 J

2 300

Uolted States Interior stocks.
United States exports co-day..
Total American
Katt Itidian, BrazU,
Llvenwol stock
Londonstook

607.000
213,000
81.000
257.1^0
25,390
2.200

b ilea less than at the same period last year. The receipts at
the same towns have been 1,203 bales more than the same
week last year, and since Saotember 1 the receipts at all the
towns are 235,743 bales less than for the same time in 1383-84

20,739

1^9,770

supply

Total visible

[Vou XLI.

bales.

Weather Reports by Telegraph.— Our

telegrams from

the South to-uight indicate that with hardly an exception the
weather has been particularly favorable to cotton during the
week. In Texas the outlook"at this time is exceedingly gratifying.

—

Qalveston, Texas. It has rained on three days of the week,
the rainfall reaching fifty-one hundredths of an inch. Average thermometer S^, highest 90 and lowest 76.

Indianola, Texas.- -V7e have had fine showers here on five
days of the week, and up country the rains have been harder.
Tlie rainfall reached one inch "and sixty-two hundredths.
Crops could hardly be more promising. The thermometer has
averaged 83, t'le highest bei:ig 91 and the lowest "ti.
Palestine. 21s.ro*.— There have been delightful showers on
three days of the week, and the indications are that they
The rainfall reached two
extended over a wide surface.
inches and thirtj'-five hundredths. Crops are magnificent.
The thermometer has averagpd 81, ranging from li to 90.
Huntsville, Texas. We have had splendid showers on three
days of the week, the rainfall reaching two inches and fifty
hundredths. The crop is developing promisingly and farmers
are greatly encouraged. The thermometer has ranged from
73 to 94, averaging 83.
Luling, Texas. There have been delightful rains on two
days of the week, the rainfall reaching two inches and fifty
hundredths. The crop is developing finely. Average thermometer 83, hiahfst 91 and lowest 71,
Columbia, Texas. We have had hard and welcome rain on
two days of the week, the rainfall reaching two inches and
All crops are d^jing well and are very
fifty-four hundredths.
promising. The thermometer has averaged 80, the highest

—

So

ifr.

w

..I

-4

~»

t-'i^to^.i- *..^at

y tc 01

IS.
ST

^tvaDCOrf^<lc:3;^^t,.cc

UK

<>::

•

.

•

w:
co;
»*cow

;

<ICO

>-•

—

WGDM
— 3«;
ex
^ — xto.

,

—

C. *. O: - ** 3D
^1 - CC *.
tt

C

caCMODCcvii^Cc:'

rf*

*--8
*>

-

e i» 01

'fc

— -J O -^ C» -4

wV'Vi '*. Vj

3;

o-

:/•

«^Xo

ifc'

V>^ » — odV- tc c; c; ':o *-

O ti t.

C".

X

I*-

'Ci-

s". t-i

i.

being 91 and the lowest 72.
Brenham, Texas. It has rained splendidly on three days
of the week, the rainfall reaching two inches. Crops are now
very promising. The thermometer has averaged 83, ranging
from 69 to 97.
have had delightful showers on two
Helton, Texas.
days of the week, extending over a wide surface. The rainfall reached one inch and nine hundredths. The crop develops
finely.
The thermometer has ranged from 56 to 97, averaging

—

o

I?

tc *- CO

—

w
cc

—We

78.

WW
OOt-

—

Weatherford, Texas. It has been showery on one day of
the week, the rainfall reaching one inch. The rain was not
needed, but no harm done. Crops are fine. Average thermometer 76. highest 93 and lowest o3.
have had one shower during the week,
Dallas, Texas.
the rainfall reaching thirty-eight hundredths of an inch. Crop
prospects are first class. The thermometer has averaged 83,
the highest being 97 and the lowest 70.
ZVew Orleans. Louisiana. It has rained on six days of the
week, the rainfall reaching eighty-five hundredths of an inch.

—We

I

wV.

to;
— to H
— r.'Mi-

*-'b

'

;

OD'fc--)r "-"rcb

ee-iOKuc.<j

I

•rius year's liKures estimated.

The above totals show that the old Interior stocks have
decreasid during the week 4,037 bales, and are to-iiight 1,370

—

The thermometer has averaged 83.
Shreveport, iouiVJana.—Telegram not

received.

—
July

THE CHRONICLE.

11, 1885.1

Meridian, Mississippi.— Vfe have

ha<] rain

on

five

reached s^iventy-live hundredths of an inch. Tho thermometer has averaKcd 78 (!, the luKhest being 00 and the lowest 70.
Little Hovk, 4 r/ca»W(W.— Telegram not received.
Last week it was cloudy moat of the time, with liKht rain
on two days, the raiiifall reaching thirty-one hundredths of an

Crop

inch.

proB|R'Ct8

were favorable

in all parts of the State.

mfm

tMpmSHtt/^ M« WM*.

daya of

tho wwk. Worms are rcp<>rte<l in Bome localities. The theruiouif tur has raii^wl from 71) to U.").
Volnmlms, i/t«.vi.v»;>/>/.— it has rained on two days of the
wi'olt, the rainfall rfachinjj ono inch and five hundredths.
AveraRO thermoiiietor HO, hiK>ient 94, lowwst 00.
I.tlaud, Mississii>pl.—Thn weallier has been qiiite warm
during the week, with lit;lit rain on three days. The rainfall

Oreat

Ooniinent.

Britain,

sHll tltut

Srtal

/mifif 1.

I

SrUain. '.OoHMnmU.

Total.

total.

Oiklontta—

S4.400
87.S00

188ft
IH*-*

4.000
13,S00

ISHIi

500

BOO

1881
other*—
1885
1884

IS.OOO
41,200

00,40)
1Z4,70>

1,600

IS.ltfO

21,000
9.2U0

47.100

89.000
5i.000

120.50O
164,500

4.000

1

All

600

600

23,100
13,&00

2A70O

I

roUl all—

600
500

eoo

188!»

600

1«84

81.500
llt,500|

The thermometer ranged from 03 to 91, averaging 77. During
The above totals for the week show that the movement from
the month of June wo had rain on ten days, and the rainfall
the ports other than Bombay is 10(1 bales more than same
reached three inches and eighty-one hundredths. The therweek liist year. For the whole of India, therefore, the total
mometer ranged from 3!) to t)2, and averaged 77.
shipments since January 1, ISS."), and for the corresponding
Helena, Aikiimas. — We had rain on tliree days in the early
periods of the two previous years, are as follows:
part of the week, and the latter portion has been clear and
EXPORTS TO EUROPE FBOK ALL RIOIA.
pleasant, hut hot. The rainfall reached ninety-two hundredths
of an inch. The crop develops promisingly. The thermometer
1884.
1883.
1885.
has ranged from "0 to

93,

—

Memphix,

averaging

Bh'mnentt
Europe
from

79.

to all

Bombar

highest

All other porta.

lowest oi.
lius/ioille, Tennessee.
It has rained on three days of the
week, the rainfall reaching three inches and twelve hundredths. The thermometer has averajjed 78, the highest being
91 and the lowest 59.
Mobile, Alabama.— It has been showery on five days of
the week, the rainfall reaching seventy-four hundredths of an
inch. Til.) crop develops sa' isfactorily. The thermometer
9.j,

—

has averaged 7S, rantci i from 07 to 90.
Moiityumfiy, Alabama. We have had delightful showers
on tivo (lays of tiiu week, and the indications are tluit they
extended over a wide surface. The rainfall reached ninetytwo hundredths of an inch. The crop is developing promisingly. The thermometer lias averaged 77'9.
Helma, Alabama. It has rained severely on three days of
the week, the rainfall reaching one inch and ninety-five hundnnlths. We hear rumors
f the appearance of caterpillars
but think them of little ini|.oriance. Average thermometer
80, highest 93 and lowest 71.
Auburn, Alabama. Telegram not received.
Madixon, Flonua. The weather has been very warm during the week, with rain on t »vo days, tlie rainfall reaching one
inch and fifty Imndredths. The thermometer has averaged
8f, ranging from 78 to 98.
Maeon, Georgia.— It has rained on five days of the week.
Crop accounts are less favorable, and it is claimed that some
land will have to be abandoned on account of grass.
UolumbiM, tieoryia. We have had no rain all the week,
and it is needed very much. Average thermometer 81, highest
•

—

Total

—

—

89, Ion est 70.

—

Satauuafi, Georgia. It has raiced on four days and the
remainder of the week has been pleasant. The rainfall reached
three inches and sixteen hundredtlis. Crop reports generally
good, but rain is needed
some sections. The thermometer
has averaged 81, the highest being 93 and the lowest 71.
Augusta, Georgia. The weather has been warm and generally dry during the week, only one light rain having fallen.
the rainfall reaching two hundredths of an inch. Kain is
needed, but accounts are favorable, the reports being that the
crop is clean and developing finely. The thermometer has
avenigeil 80, ranging from 61 to 97.
Atlanta, Georgia. There has been rain on three days of
the week, the rainfall reaching one inch and forty -eight hundredt'is.
We are having warm and fine growing weather.
The thermometer has ranged from 64 to 86, averaging 75'7.
Charleston, South Carolina. It has rained on five days of
the week, the rainfall reaching one inch and five hundredths.

m

—

—

—

YKAKIt.

ir>,floo

7^<3.^00

5,500; 1,2 10,500

Oreat
Britain

Thif

Total
m-i.-.,

Contir
nenl.

2,(x)o,i3.nnois.ooo 209.010 4»s,();)o

Total.

603,000

1--:;

J.IMIO
s.o.'o

5.0;I0 ltl2.0(IO .^S2.0II0 I.OH.OIKI'
4,o 10 li.ooo cil.oooTr.-i.oiio 1.173.IMIOJ

IS-^^

It.ilO.il

S.OOO

I

•'-'I

3.ii'li)

t7,001l'<J!>l>,000ir>.-,S<,0Oi)

Wtel:.

9,no"
(i,(

'

Since

Jan

1.

1 <\nn
,1)

.111,

I.a.i.^.OOO In.liii.-

Accordmg to the foregoing, Bomlwy appears to show an
increase compared with last year in the week's receipts of
3,000 bales, and an iiifirease in shipments of 10,000 luiles, and
the sliipments since January 1 shew a decrease of 381,000 bales.
The movement at Calcutta Madras and other India ports for
the last reporte<I week and since the 1st of January, for two
years, has been as follows.
" Other ports" cover Ceylon,
Tutlcorin, Kurracliee and Coconada,

vieek.

1.

AOO

tinet
Jan. 1.
1,1

lOO;

73.000
09.400

li.4O0 1,272.400

—

Manchester Market. Our report received from Manchester
give the prices
to-night states that the market is firm.
for t'>day below, and leave previous weeka' prices for

We

comparison.
1884

1885

Tvritt.

!.

a.

May

8 8i„»8»8
1.5!3ii«<»8»8

••

" 22-3
•'

W^'iH

June.^!8
••
12 ^
'•

1**

A.

CI.

10
10
«(J 9

5 G
5

ft

aS»iB '5
as»i. 5

5
^
5
5
5

7lli6-S'i« 5

" 26 711, „. 87,8 5
July 3 T's aS'in 5
" 10'7"*l,^»«Jal^

5»«
96
»6
»6

Mid.
Vplit

d

s.

»6
»6

i5

Uollday

29!

Ootl'n

8>« (ftf.
Shirtingi.

32* Oop.

9
!*

1l

1l

«61l

a

Ootrn

32( Oop.

S>t ll>:
SKirlingi.

Iwis..
a.

,1.

In.

(1.

».

• n"«:5 6^97
» 9% 5 i>^»7
« »H 5 hi.i»7
5161, 8\ » 94 5 SHi*?
5i6iel8^ 9 9>4 5 S-sai?
5-.»,g

8=8

515,81 858
51B,«| 8h

f>\
»%
51I1, 9»9
5«8
8»s
Sliie 8»s
ft»8
8=8

-a

•

»

»

8I45

9'e »
9i« 5
9»9 5

6 Hi

37

rt.

a
3
3

a.
63,8.

6-4
«»ia.

:<

63»

3

83*

mi

7'«»7
7 97

1

7

I

«7

Xia.

VpUt

I

6'ie.

639
«»t»
6&,«

» 9% 5 7 »7 1
»6 11
63„
EiTROPE.vN Cotton Consumption to July 1. By cable
to-day we have Mr. Ellison's cotton figures, brought down to
July 1.
The revised totals for last year have also been
received and are given for the purpose of comparison. The
takings by spinners, in actual bales and pounds, have been aa

—

follows:

From

Oct. 1 to

July

QrecU Britain.

1.

Continent.

Total.

For 1884-85.
2,433,000
4,91U.00<>
2,477,000
Takings by spinners. .bales
440'
441
436
Average weight of boles
1,099,783.000 1,060,788,000 2,160,576,000
Takings In pounds
.

For 1883-84.
2,496,000
5,205,000
2,709,000
Takings by spinners .bales
429
426
42&
Average weight of bales....
l,162,10!».OOO 1,063.342,000 2,22.'S,751,000
Takings in poiuda
.

.

lb. bales, the following shows the total takings
and weekly consumption for the two years:

Stated in 400

and the

total

Oct. 1 to

July

Bala of 4U0

lbs.

December
January
February

March

InApill
In May
Tn June

1883-84.

1834-35.

1.

each,
000s omitted.

In
In
In
In

Receipt*.

12,000

663.000
120,600

5,0i)0|

BOO

—

j

1,044.000
166,500

15,000

—
—

BOMBAY KKOKIPTA \SD SHIPMKSrS KOK POOR
BMpmenlt tinee Jan. X.

This
week.

Jan.

Average thermometer 81, highest 9i and lowest 73.
Columbia, tiouth Carolirui. Telegram not received.
Spinners' stock Oct. 1.
Slaleburg, Huuth Carolina. We have had rdin on three Takings to July 1
days of the week, the rainfall reaching eighty-four hundredths
of an inch. The thermometer has averaged 77 '4, ranging Supply
Consuuipt'n 39 weeks
from 02 to 93.
Wilson, North Carolina. It has rained on one day, the Spinners' stock July 1
rainfall reaching thirty-five hundredtlis of an inch. The thermometer has ranged from 04 to 90, averaging 83.
Weekly Conmimption,
00« omitted.
India Cotton Movement from all Ports.— The receipts
In October
and shipments of cotton at Bombay have been as follows for
In November
the week and year, bringing the figures down to July i).
Slii/jments tliu icetk.

ainee
Jan. 1.

teeek.

This last statement affords a very interesting comparison of
the total movement for the three years at all India ports.

—

—

—

nil

Since

This

It has rained on five days of the
I'ennennee.
week, the rainfall reaching two inches and thirty-five hundredtlis.
Crop prospects splendid. Average tliermometer 79,

,

,

Total.

Qreal
Britain

Continent.

152,
2,652,

241.
5,402,

124,
2,906,

401,
2,658,

2,830,
2,732,

2,804,
2,418,

5,643,

3.030.
2,761,

3,059. [6,089,
2,53.% 5,299,

107,

386,

403,

Qreal
Britain

Continent.

89.
2.750,

72,0
72,0
72,0
72,0
72,0
72,0
70,0
62,5
65,0

62,0
62.0
62,0
62,0
62,0
62,0
62.0
62,0
62.0

5.1.%0,

134,0
134,0
134,0
134,0
134.0
134.0
132,0
124.5
127.0

I

I

266,

72,0
72,0
72,0
68,0
63,0
72,0
72,0
72,0
70.0

524,

65,0
65,0
65,0
65,0
65,0
65,0
65,0
65,0
65,0

Total.
52.'>,

5,564,

790,

187,0
187.0
137,0
133.0
133,0
137,0
137.0
137,0
la.i.o

has re\-ised hLi figures of
consumption on the Continent by deducting 87,000 bales of
400 pounds each from the total for the first eight months of
the season, thus reducing the weekly average to 02,000 bales.
Tho deduction made last month from the consumption in
Great Britain was on account of the stoppage of a considerable
amount of machinery for a whole week at Whitsuntide, and
we have therefore reduced the weekly average for Jfay to
correspond. The weekly consumption in Jane for all Europe

Our cable

states that Mr. Ellison

.

:

THE CHRONICLE.

66

against 135,000
at 127,0(10 bales of 409 pounds each,
corresponding time 'ast yean
bales of the same weight at the
and on the ContiThe total Bpmners' stocks in Gr.-at Britain
same date last season.
nent are now 297,000 bales le=8 than at the

h fUted

The Ageicultuhal Department's July Report.

— The

With regard to New
the Chronicle last Friday.
include the manifests of all vessels cleared up to
night of this week.

M>u

aud iu Va>zindt Couuiy, Texas, llio
very abun laut lu Texas. The bull worm moth

—

Liverpool, per steamers City of Berlin, 871
Germanic, 8i9
Frand.sca, 1.354
Rome, 568
Wisconsiu, 92
9,247
Nnmida, l,9,i6 ...Texan. 3,6o7
1.200
To Hull, per steamer Otranto, 1,200
1-50
Hill,
l.'O
Ludeate
steamer
To London, per
1,348
To Havre, per steamer Normandie. 1,348
884
Kheln,
Fulda,
150
734
steamers
To Bieiuon, per
64
To Hamburg, per steamer Frisia, 64
WaeaTo Antwerp, per steamers Pieter de Coniiick, 418

City of

:

S

York we
Thursday
Total balei.

New York—To

of cotton, was
following statement, showing the condition
afternoon,
Friday
Agriculture,
of
Department
the
by
issued
July 10, after the close of business
June. There are
•Cttou Uaa made material Improverapnt during;
aud rainfall liave lavfew imiwrtect siauds rojiorted. Teiniwrature
States^ LoliI
Uaif
tU«
lu
.oiumiiced
!!rrdLnwtli aud frilrliDf has
From Virginia
Sromh.rr" -cryr^re a,.d m,.l8mr« Kenerally sufficient.
iuterrermi; witn c-u.iiva-

in L.wiauds.
to l-oxa»it l«H.inewnatln excess
igrowth of (trass. I he general average co.
tt.Mi »-.d MlmulKtm* lliB
H'i.
It has uot been e-xooedrd in
dlil .a liae advauied fr..ni 9 . in June t..
come in tUe
]uiVMu"lSSU. riiis will insure. Iximni diawlm.ks toStates
are as
Ut. r Hun.iiier a latKe oioi.. Averages of c.nMiitlon by
9.i; Georgia,
."a. 9»r Norili C.roliua. 93; South Carolina,
jS^.fws "v
Texas,
L^mismtiH,
1<
0;
99;
M.asissipi.i.
97- Florida. 95; Alabama, 92;
lheSulte8ea^toflhe .Mississippi stand
»'>' Arkansaa 9"- leuues»ee.!i7.
nvo
aB'm Jun-. exceur. <*eorgi» aud Florida, wuh-ii have advanwd
reported in
DOluW. All otUor.H give hi^'Uer averages. TUe caterpillar is iiiid MadiJacksou
in
GeorKla:
counties.
Baker Br ..ks and Dougherty
Alabama;
eouutios, Fl irid.i; In .l.,utgomery and Elinore counties,

fVoL. XLI.

1,618
1,368

land, l,2oO

To Cronsiadt. per bark Brazilian, l,3ti6
To Barcelona, per fcteamer Alava, 4,400

per bark Jose-

l,TiO

flua,

New ORLEANS— To

Liverpool, per steamers Caribbean, 2,795

—

Historian, 3.144

To Bremen, per steamer Amy Dora. 1.50
To Malaga, per ship Thomas Lord, 2.032
To Genoa, per bark Gulseppe Lmiata, 469
Galveston—To Havre, per bark Carl Max. 1,010
Baltimore— To Liverpool, per steamers Barrowmore, 228
Caspian. 919
„--v;-"
v^
Scythla, 4l8
Boston— To Liverpool, per steamers Iowa, 319

—

—

....Virginian, 1,011

Philadelphia— To Liverpool, per steamer British

be"Ti

5,939

150
^'"2S
469
1,010
^'^'^

1,798

734

Prince, 754..

lu C'aiuoion County, Louisiana,

new wet w.nm ha«

«,100

33,726

Total

has been obsirve.liu Titus. Texas."

The particulars of these shipments, arranged in our usual
The June and July condition figures, compared with the form, are as follows:
follows:
BarceBremen
June and July tignren for previous years, are as
Cron- tiifi it
<t Uam- AntLivei Staiet.

Bo. Curotiuu
ewtrgiii

Hl88iS8ippi
Lu ul^iaua

18S4.

u

Si

^

•^

•^

-s

.a

;3

;8

-3

-^

H.i

9

9.T

9o

96

97

9:".

97

93
92
9J

9,i

9'i
!'9

9!
99

Hf> 1(><I

TfXHS

90 92

A rkansad

HI

Tenuessce

b.i

9/

Average

9h
97
9..

188!.

1383.

1885.

V

?

%
S

•^

87
9s

3i
H

91
»1

9(1

H(i

9;i
9.1

99

94

93' 9o

87

8-

S7
72
77

8ti

8.
91

9V
ST

8-1

8>«

a>

a

S

s

-s

*^

^s

^2
9^
89
9

I'd

flf

9r

88

Hi

1-2

9.->

00
9i 102

88

1-7

94

Wll

90
89
90
93

9'J

9«

9
9/

s.

81

8.^

91'

7o

88

8

74 91
80 89

Sel 8n

90

1S81.

•8

8S-

1-2

%
.s

vool.

1880.

Sew 7oTk.

Si

s
a

s

92 loi
4 99
98, 98 HV
99 90 92
102 96 93
9t 1-6 99
96 9/ 96
>-9 106
I
91 lOo 104
105 99 Ul3
1

931

9.1

gi-oMii luilie Slate.

what

the ouUMiine of

barg.

tutrp.

s ddt.

918
150

1,618

l,3bd

Mjlagd.Qenoa. Total.
21,977
6 100
e,-'S90
4o9
2,03J
1,010
1.147
1.798

1,010

Boston
Philadelp'a

754

754

1'

1

99 100

the average as

The average given above for all the States
given by ihe Depirtinent.
Texas Crop.— The Galveston Daily Neios of Wednesday,
July 8, published reports on the crop from its own correspondents, civeria,c seventy counties of Texas and em Wacing almost
the whole cotton and grain belts of the State. The News'
editorial summary of the reporti is as follows:
An analvsi" shows that tne yifld of sin ill graiu has npver before been
mriasKcd in Tcx.is, wUi etlie coru crop bids f.iir also to be the largest ever
is

Bavre.
l,3iS

1,147
1,798

Baltimore..

9.

93

9,247
6,939

Orleans.
Galveston
N.

It wool I be uiiwUe to preaie- bej^oud peradventiire
tlif cotton crop I.-1 llkeiy to be, as tbe plant at this 1 line

than in average se.as'ois, aud tliert^aie ooutiugeufies
lobeeiCKUiiter'd bttore t e cotton ci'P is m„de. The reports show
ftn incrt'MSt d acreage am untingou til average toao )'it 12 per cent over

t^e<MiKiil<-r.4biy liter

witn (he pro-peets flait'i-iui^ fur a S|d -udidyi.'ld. Tue rains of
IbepiHi ten days have iniw be-iu gener.tl over tue cotton belt aud there is
moibtiire enough lu ih« grou d 10 carry the lot'nn crop well forward. If
nott-Leekeil by asudden auileoiirinuousdrouili. which Is uot antioipai.eil,
the cotton crop of tli.^ 8iate bids fair to oo the gr-eatest i-ver lua le.
Tui» is saying as null h as is ae<Mss.iry wliil-^ tin prospei^t is (lU iltilrt.l
bj I'oiiditixiis quite p"SHib.e to a-Ue. Briefly siiinme 1 up. htiw«ver,
Texas at thi- li ue has rarely oeou excelled, thi
the crop i-rospeut
ac eago being larger than ever before kn.iwii and lab ir i al! departnieut-s ut ugrh'Ultural industry abundant and painstaking. The outItMik is most assuring, the eottun vicM of the S ate for tht^ coming year
being vaiiously* H'lm.iied upon the j-rcsen'. ba is of thj crop prospec s
iialos.
With ui unto Jrard dis.ister to
•t fio 11 i..j"0.oo0 10 l.SKO.oo
llieo.iiiou crop, ih.' S'aie is uu the eve or the graudent pci i.id of agricultural t-rosperity which .-he h.is ever enj lyed. TUe comtnt'r lal and
^eiorai busiiifss hliuation may naturally bo expected to sympathize
with thii- piosi) irlty.
On the same date Messrs. Kaufman Runge, of Galveston,
issued a cirular, based on 650 returns from 187 counties, and
showing the condition of cotton July 2, as follows :
**rhe iuerease of acreage, as compared with last year, points to
PUntiug was retarded by the protracted
klmut 11 PT cent.
wintt r. which a<UM)Uiits fi.r the stands being considered about ten ilays
laiewtnii eoiniiareu with an average season. There l.s genoral onipiaiiii io N'-rihern Texas and In the uui-thern portions of Ceatral Texas
of dHm>.go by grass woims, whieu has ueeess'tat' d some ruplauling.
The woi-ius havo disappear«d. but uuiuerous millers and Hies are now
onusiiig learn of the appearance of eottou worms. The oihr distiicis
i>ri"Coinparatlv«-lv free fii'm these appiehen»ious. The coudition of the
plHiii is good. Our reportn show an average of 20 per cent in bloom
and v:4 per cent loriuing b Us. Witn seaauuable weather from now on
'our o^d^'n crop promi^e a full yield."

la«t yt^ar.

m

1

&

2.358

Total... 18.885

The above

from

total

4'i9 3-5. 276
1.618 1.366 8.133
York incluaes 1,200 ba'es to Hull and 150

1.09^

New

bales to London.

Below we add the clearances this week of vessels carrying
ootton from United States porta, bringing our data down to
Che latest dates:
New Orleans— For Havre— July 8—Steamer Pavrnee. 3,510.
B»i,TiMORE— For Liverpool— July 8— Steamer Guillenno, r,i>
PuiL.vuELTni.v- For Liverpool—July 7— Steamei [udiana, 254.
Below we give all news received to date of disasters to vesaels
carrying cotton from United Stites ports, &c.
SAriiiiRS, steamer (Br.)-Advlces from Niewe Dlep, June 21, state that
149 bales of cotiou saved from sunken steamer Sapphire (Br,),
wore forwarded to Amsteidam ou that day for shipment to
>.

Liverpool.

Cotton freights the past week have been as follows:
Satur.
Liverpool,

steam

Do

Hon.

Tues.

Wednet

TKurt.

Fn.

^32*

^32*

832'

—

S32*

—

SS2'

"32*

"82*

>1S2'

38-

Kg-

%•

»3a-

—
—

"sa*

i8»»e4

"SBBa

d.

8ail...d

.--,

Do

Ball

c.

Bremea, Bteam..c.

Do

%-

38*

Havre, steam. ...c.

---.

....

%'

3a*

....

....

Bail....c.

....

....

Hamburg, steam.c.

«33*

"sa'

»S3-

%3964

iflS'ei

Do

sail

c.

Amst'd'm, steam.e.

Do

8ail...o.

1

....

...•

^
W

16»»64

....

....

....

'\4-''32* l*ti4-''32' i^ei-'sa' '»t4-''33* l864-f3S*

—

Reval, Bteam....d.

...

....

Barcelona.steam.c.

9:ti*

9.12*

9:13*

»;ia*

»S2*

c.
Genoa, steam
rrleste, steam. ..c.
AQtwerti, steam. .c.

'32*

'32-

••'is*

3l«-

H»'

»ie*
9«4*

»1«'

•.12*

'.12"

'32"

9b4-

Is

18'

Do

c

Bail

V

||lpre«^ed.

—

Liverpool. By cable from Liverpool, we have the following
jtatement of the week's sales, stocks, &c.. at that port.
vid previous weeks for comparison.

We

rune 26.

Jul)/ 3.

•

East India Crop Prospects.— By cable to-day we have
advices fri.m Bombay to the effect that ii is rainy, butconfined
to liiht showers. The c.ble urther states that rain is badJy
needea in poriions of Khandeish.
I

iales of the

week

hales.

Of whi«*h exporters took
Of which speculators took--

32

Sales .\uierican

Ooti

4.000

Actual export

Forwarded
Total stock— Estimated
Of which American— Estim'd
Total

40.00<
4,001

Import of the week

Of which American
Amount afloat
Of which American

—
,

5.00<

34,000
3,000
27,000
5.000
8.000

45.00(1
3,.5O0

40.000
2,000

BOO
36.000
5 600
15.200

1,000
30.000
.^.000

17.000

916.000

915.001

863.O01'

8 ;,5,000

685,0011
2S.00<
20.00t
lOi.OOi

677,001/
41.00(

641,000
15,000
13.000

Go7,i

30.000

23,0OC
75.000
26.000

8 I.OOO
27,li00

1

00

6,00!)

11,000
81,000
30,000

The tone of the Liverpool market for spots and futures eacli
Jute Butts, Baooing, &c.— There has been a steady
week ending July 10, and the daily closing prices
inquiiy for iag,;iug during the week, and goods ara moving day of the
of spot cotton, have been as follows:
mure ireely. Buyers are beginning
to

come

into

market,

and some inquiry is reported for large parcels, though the
general trade is more of a jobbing character. Prires are
Meadily maintained, and sellers are quoting 9c. for IJ^ lb.,
9i^c. for \% lb., 103^0. lor 2 lb. and lie. for standard grades.
Butts have also been inquired for rather more freely, though
no important transactions are reported. A few sales— 2,000
hales— have been made of paper grades at 'i%®\.Jic., and
baggmg qualities at 2@23^c.', the market closing steady at

Saturday Monday. Ttteiday.

Spot.

Market,

(

Very

Harden'g.

Steady.

12:30 p.u.^

Bteauy.

Mid, Upl'dB

51 H,

Mid, Orl'ns.
3al68
I>eo.&ezp.

7,000

10.0 >0

7,000

500

2,000

500

5%

Wednet. TKurtd'y.

Moderate HaTden'g.
demand.

Fnday.
Quiet.

5»8
5'lt«

5.ue
7.000
1,000

8,0

500

6,000

600

ttiebe quotations.

Shippino News.—The exports of cotton from the United
States the past week, as per latent mail returns, have reached
VfXi^ Lalee. 80 far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published

m

steady at

Market,

Steady.

l2:30P.a(.

Steady.

Quiet.

1-B4 ad-

Steady.

vance.
t

Market,
4 p. M.

i
(

Steady.

Quiet.

Quiet.

Steady.

Barely
steady.

Rtsy at
1.01 lower.
Bt,e»<iy

Mt the

decline.

.

.

»

'

M

THE CHRONICLE.

Jui.y 11. 1888.]

>uk>iuhi, lowtMl and clu(UU)( ^riu«M of fucurw at
for e«ich day of the week are kivou Iwlow. Then*
prictM lire on thu iMuis of lJ(>lan<lH, Low Middliiix ulauae, unleoS

The upeninK.

itye— W«at4^m

LdverpoU

OtherwiHo
6

HpnnK.nnr

Op«n

a<«* Law. CIi»

ft4»

»47

47

Hifl-

Ijovt.

4.

<i.

5 43

5 43
5 43
5 47

543

5 43

6 43
5 47

6 42
6 4(1

5 44

5

6 43

5 47

BftPtember..
Bept.-o«i...
Oot.-Ni>»„
Not,- Dec...

S4« 5 4S S4« 540
089 ass ftsa 6SU
BS7 581 8 31 6 37
Dao-lui.... &a; ftsr Sil7 537
Jan.-'*b.... ft3» fi:<9 SSD SXD
141 5 41
Feb.-March
Mv.-ApHI..

Red winter

m*ant

S 62

Wlilte

white
West. Yell.iw
WliiuiHour.liern..

Mm

<VMi Sl«l> Low.

6 13
5 43
5 4«

5 43

4
5 48

5 43 5 44 5 43

54<

it.

A.

4.

t,\i

6 48

Yelluw

6 45

645 6

4C

5 43

B4t
338
538
534
538

5 41 644
688 538

5 44

539 539 5 39 6 3U
5 37 53; 5 37 6 37
5 37 5 3: 6 37 637
639 5 3vl 338 6 31

5

53(1

5 85

636
538 B3S

530

6 41 6 41

5 4U

6 40

5 40

5 40

411

5 46
I

5 41

6 41

8il

5 34

538

BtutpU at—
Chloiffo

....

Detroit ..
CleTeland.

Than.. Julyg.

Jolr 10.

FrI.,

Louts

84.

Peoria.

OV*n

a«A
4.

4.

4.

4.

5 48

6 4«
6 13
5 46

5 41

645

5 44

September..

544
Bept.-Oct.
Oct.. "for... 538
Hot.. Deo... 538
Deo.- Ian ... 63«
Jan.-Peh.... 3SS
Feb.. .March. 5 40

642
5 45

....

....

645
338
53«
6»e
633

5 44

338

6.-S

53A
536 636
338 538
5 40 6 40 640
53<t

»lar..A|.rll..

...

•

4.

4.

4.

89

In elevator
J ly dfllvHry...
Ani;n!<t ilnllvKry
8»*pleiiil»er ileliverv

20 938

6.770

1.733

79,052

8,U7

15.688

49903'

3,0«O

34.453

3.300

110631

S9 860

238 613

1,900

6.100
162.478

1M.660

139,815

121.613

12875

16.407

4.430,

4,977

600,

4.990

11.003

7S0i4|

6X0}
20.130

81134
51290

25.760,

69,915

..
.

0,313 433

98 797,6 12| 0I.37.'.09;

5S.55I.8J5

16.653.125

1.627.768

8.369.610
8Mi;3 741

67.B'Ji.PS3 I03.s(0So9?

63U.)7.72l| 18.H.SK971'

6.71IS.3I0

73991,215' 93.9.M,47.)

53,616 813

4.850,998

The exports from the
ending July
ExtmrU
from -

Botttou.

4, 1.S85.

several seaboard

are

shown

ir*«al.

Oom.

Push.
186.44^

Biuh.
424,714
107.563
3 !,54i

in the

Flour.

15.4,;6.o7r)'

porta for the

week

annexed statement:
Ouu.

Hu^.

Peas.

ButK.

Bulk.

Bath.

.

...

.

9-1

liiiu

9

I

8,400

00,081

61.774

>>4,0t«

10.494

Do aSoac
Albany

(est.)

Poleilo

89i.(Ml

Detroit

4^^4,347

Osweco

llO.dOO

Toronto
Mourreal

Si^lt

52%
51;%

54

54

.sm

.54%
oi'*

,S5

hb^

Sa's
4i'8
5i»s
So"*

.'.4»8

.)5'4

Rye has been

dull and drooping, and oats have been pressed
on the mirket in a speculative way, and prices have yielded
a fraction under the improved prospec s of the growing crop
but lots on the spot, with afair trade and some revival of tue
«xport demand from London, hive ruled about steady.
DAILY CLOStMG PRICES OF NO. 2 OATS.
Sal.
Hon. Tua.
Wed. Thurs.
Fri.
Jnlydclivery
j.
3658
37
Stl'a
Ui's
3>;5t
Anjfusi Ueiivory
>.
:13^
3a\
33%
34
3J'8
"S
eopteuitiiT delivery
3^
Si's
Si's
3i»8
S'i'a
E'O
The following are the closing quotations :
riooB.
Fine
9 bbl. $2 linit 3.50 Hoiith'ncom. BXtran.. $1 00» 4 86
BaiMtrUiie
3<io» 3
8 mctiern UMKora'and
Bo. 111(5 wheat extrat. 3 30* 4 Oi>
family brands
5 00» .5 6.5
Mliiu. i-learitiiiistrii't. 4 000 5 00 Kvnttour, supflrllnn.. 4
1* 4 SO
Wtiiter«lili>iiV"xir»«. 3 Ii >^ 4 00
Fine
300» 3 23
Wluter XX <t XXX.. 4 2i» .> ."lO Corn lUttal —
Patuute
48>» 601
WeelAm, Ao
S15Jt 3 3^
City siupvlugex
3 75 a 5 00
Brandy wine, Ao.... 3 35 9 3 40
;

13.5(10
2rt.077

36.177

4,586
.'.

1

56.0.0
i".23'.i

Kansaoi.ity
Baltiiuore
>wii MlaeUstp,)!.

D

274,6.51

4,'35.

37.370.024

r.i Juue27.'x5.
rot. July 5 '34.

37.9 17.625
13.4"5.14l

7.'33.
8,'32.

;

17.6

"932

'

il

6,691

•

*

8.«32

,

'

«0i)

6,7-4
1,767

1,395,216

5 5,' O.)
75^,396

late

Oucaual

;

7-6

5,366

52.1)0
703,«90

On

2.694

26.001
14.706

251

1,023..571

On ran

to'sdi

13.i>.3
11.7.'3

7,'l<'.a

ludlanapiilia

Til July
r.it. Ju!y

9,.5c>0

78,194
719,536

86 9i 6
J5.<>.i0
26ii,=>3o
413.»i.iG

Peoriii

T)t. July

32 424

1,09-1.150

Pbiladelphia

.'aij

80

9 i..'i70
3.208.407

1U3'b

53>9

b-ish.

3..5fj.«21

10 '4
10618
10741

.^3%

Xye.

ttush.

DulutU

HHSl

."i.iH

Barley,

busk.
894,70-i
851. i42

RIehiiKmd. Va...
.Milwaukee

1037g
lO.'s
10714

S.iSg

Com,

biuh

ChtoaitD
I4,b07,683
.Vewpiirt News...
7,.5.l7

li'4
10.558

.^3M

8,100

Wheat,
4,837, 7u3
498,^)33

2,207.417

BiitTalo

KiMtiin

s

;

93,434

99.5221

Tn itnre at—

CSnclnnatl

Sola

103.193'

699.4.1.>

.Vew York

10.i

M\

887,423

8^7

i.'co

follows:

100

iOils

431,636

8,281

supply of grain, comprising the stociis in granary
at the principal points of accumulation at lake and seaboaid
pirts, and in transit by rail and water, July 4, 1885, was a

ma's

lv.7'8

234
39,830-

visible

11X138

vl

2
o
9

The

10258

107%

2'j,74H

1,2SU

7,-i0

100\

Indian corn futures has generally sympatliiz.'d with wheat
in its various (liiciuttions, but the occurrence of general rnins.
and a higher temperature, ha-i greatly improved the prospects
of the growing crop iu middle and northern latitud-^s, and
there was yesterday an exceptional decline in both spots and
f uturrB, and to-d^y there WaS no recovery. The urgency of
demand for white corn has measurably abtted, but; extreme
piices are still obtained lor choice simples.
UAILr OLOSINO PHIOES OF NO. Z .VUXBD CORN.
Fri.
Hon.
Tua.
WrA.
Ttiurt.
8m.

15.7-15

tliut-

l«-<4.

lo2

1

374

11H79

3t. IjDUis

'8

6>,U1

•.3lii

2

21.19^

Total w'k

8*mu

Bbtt.
33, 114

liO,n.r>
13 ',169

2.\.o00

133,376

loo's

I4

73.5 iH

Phllttdel.

n:>

81H

Baliim're
N. Orl'ns
Rlchm'il
N. Wews.

10.%

10

l'2

..

.Montreal

OiMi

98 »8

^
%
3
S

I>ei;eiui>«r <l«iiv«ry

AiiifUBt. ilflivery
Bfiit«-iiiherilellvery
Ocmber ilelivery

27.43S

...

quite moderate; but receipts from the West have not
been excessive, and city millers have been working mainly on
contracts.
Prices have therefore been pretty well supported.
The wheat market has been variable and unsettled. The
Bpeculatioa has not been active, except on Wednesday, when
the dealings were large at improving values. Crop accounts
have been improving, and it is now pretty certain that the
yield this season will bd a fair one.
In som'^ sections an excess
over last year is alrt-ady assured. Wheat on the spot has been
fitful.
Lirge translations in spring growth for export were
reported on VVeineiflay, but the general siluttion ii believed
to tK) not favi^r^ble to an advance in prices. The martet today
was rather quiet, without imp)rtant chang.5 in valu 'S.
DAlLr UI^DSlNa PRICKS OF NO. 2 RBD WLSTIilt WUUAT.
Jfon.
Tutu.
Wtd.
BaX.
Thun.
^1.

In elpvator
July "lelivrry

563. 7S2

aeio

20.821!

3 33

demand

delivery

1.299.900

Ava.
Stul^.Vltt

902.270
723,06)

588 5 33 5 as
533 533 5 as
53rt 536 536
538 538 5 as

Friday, P. M.. July 10. 188.''.
The markpt for flour and meal scarcely presents a new featThe home trade has been very slow and the export
tire.

JJitveiiilier

Barley.

1,095,313

535

BREADSTUFFS.

..

Onu.

41^,595

5 40

1883-4
1882-8

Oom.

147,'J13j

New York

O'tiili-r ili'iivi.rv

72

'bS

533

538

.S3

812 817

5 40

1

• S5

•
9

1,131.003

541
533 535

3 39

40>«

1.769 410

5 41

5 39

3-)

»

794,096,
0ai,107|

544 8 43 543
538 5 8;t 5 37 537
53fl 53t< 635 535
5S0 536 535 5H6
33S 638 5J7
5 40

a

122.0001

Since Julu 38
ISAI.5 ..

....

76
68

« 74
• 3!)
• 45

'84

6 10

933

flO

ltlO.5211

..

Same wk.
Same wk.

5 40

*•

..

5 37
6 37

5 36

Oanada
Bt»t*, uli-ruwed ...
State, two ruwud

188.671

.

538 538 5 37
538 5 3-) 537
541 5 41 3 40

hn

73
36
38
37

No. 2 white.
BarleT Malt—

31A-18
1.815
.

Tot. wk. '85

4.

..

White
Mo. 2 mlied

(17,624

...

541 5 40 6 40
6 41 541 5 40 8 40
5 45 543 5 44 541

....

....

4.

4.

4.

70 •.

and Canada.

Biuh.80 Ow B1MV6H l/» BluAJS'lu Bueh.iXlh

Duluth

tow. UIM

ai<A Low. Oloi. Op<n

Cloi.

5 42
5 49
5 49

4.

5 49
Juir-Atur... 5 43
Aiui.-8«pu.. 543
J»ljr

Low.

Wheat.

Jlour,
B(>l<.l9fllNi

MUwaakee

JalrS.

•

Btatit

OaU-Mix«d

The movement of breailstuflTs to market is indicated in the
«tatement8 below, prepareil by us from the figures of the Ne«f
York Pnxluce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to preHent the comparative movement for the week ending July 4 and sinoe Aug. 1
for each of the last three yeara:

Toledo

WwlDM

ApH.-M.j..

HiiiittaHrn.

5 8S

April-Mar..

1

.51

Wt^-it.

OlM.

1

• .^4
.52'»« 53%
57 « 62
51 » 57
61 • 70
56 • 59

Corn— West, mixed
Wmt. mix. No. 2.

Tue*., Jair T.

Julir 6.

4.
ft

4.1

ft

04(A«t t\u*:

43
6 48
5 47

d.

fi43
Jolr
4.<
JBIJ-AOB...

and

MsBn

Mau du1r4.
'>|iMl

2

Ktid winivr, Mo.

Btatinl.

Tht pifet ar» viMit in pfnee
f^
tt2-64<<.. unil 6 03 meant 6 3-6«rf.

S7 aioi
92 V 95
9J>1« 01
86 ai 06
92 • 1 03

bniib.

8|iilnKNo.2

7.331.916 3.263.8.54
6,5 I9.64i 3 «i.5:l, .n I
7.251.3 '2 3.713.533
18.J38.4!<3 12.33 1.5 >3 3.70 (.1:17
9,624,412 6.38i.6oJ 1,6/6,62^

13,533

16.313

11*.9ie
03.:9i
9 '.4 i')
393 2^)9

231.21?
l,7i2.ri<>9

72, ,'41

677.810

2ii7.3»S

51 .136

THE DRY GOODS TRADE.
Fildav.

P. M..

July 10, 1985.

The dry goods trade has shown rather more aniin ition the
pist week, owing to the arrival of a good many buyers from
8 mthern and Southwestern mirkets, but the volume of
business was only mo ierate. There was a frser movem'<nt in
some descriptions of fall goods, as the result of transactions
with buyers on the spot, and in ex^ution of or.iers forwirdid
by salesm-'n traveling in the West and S )UthWrtst. Scipla
cotton and woolen goods were comparatively slow, aai th-<re
was only a moler.ite inquiry for impoted fa'irics. Tue
jobbing trade was of meigio proportion!!, though fully up to
the avenge of former years at a like pen id. The p ist f irtnight his developed an improved undertone in the mirket,
and a moderately good fall traie is no .v aaticipii^d, b -ctuie
of the promising aspect of the growing crops, an I the grtduil
starling up of industries tint have b>en practically su-ip-iQ Idd
for some time pist.
I-nports continue light, and the p-u la>
tion of Oomestio textile fabrics has b>en so largely curiail-id
that surplus stocks are rapidly disappjarin^, aud eyinpiocaa ot

'

—

;

THE CHRONICLE.

68

returning confidence in values are already discernible, though
in no very marked decree.
Domestic Cotton Goods—The exports of cotton (joods for
the week endinj? July 7 were 4,654 packages, including 3,619
to Great Britain, 1,573 to Africa, 297 to United States of
Colombia, 85 to Cul«i, &c. Staple cotton goods were mostly
quiet as regards new business, but there was a steady movement from this market and direct from the mills on account
of former transactions. Brown sheetings and drills ruled
quiet and unchanged, and there was a light business in bleached
goods and colored cottons, while the commission houses experienced a fair demand for cotton flannels, and there was a
steady call for small parcels of white goods, table damasks
and Bcrim curtains. Print cloths were dull and nominal at 3c.
Dark prints were more
for 64x64s and 258C. for 56x60s.
active, considerable sales having been made to buyers on the
spot, while numerous orders were placed with salesmen traveling in the West. Standard prints have been opened at 6c.
per yard, and other grades in proportion. Ginghams were
more sought after, and considerable lots were placed "on
memorflndum" subject to opening prices, which have not yet
been fully determined upon.
Domestic Woolen Goods.— The demand for clothing
woolens was comparatively light, but there was a continued
Bteady movement in fancy cassim»res, worsted suitings, overcoatings, &c., in execution of "former orders, deliveries in this
connection having reached an important aggregate amount.
Satinets were mostly quiet, but a somewhat improved business
was done in Kentucky jeans and doeskins. Cloakingshave
not shown much animation, and there was only a moderate
call for Jersey cloths and stockinettts, but some very fair orders
were placed for ladies' cloths, as plain and fancy sackings and
Flannels were in steady but moderate
Euitings, triccts, &c.
request and considerable sales of blankets were reported in
fome quarttrs, despite the large business that has been lately
transacted in these goods. Dress goods were in fair request
for the coming season, and rather more inquiry was extended
to shawls and fkirfs. Carpels remained quiet, but prices are

[Vol. XLI.

white goods, embroideries, laces and hosiery was cbiefly of a
|

I

firm, and some makes have been slightly advanced by the
mill agents. Wool hosiery and knit underwear were in fair
demand, and a feature of the week was an auction sale of
30,000 dozen wool and merino hose and half hose for account
of the underwriters. The goods had been damaged by water
at a recent fire, but found eager buyers at excellent average

hand-to-mouth character.
ImportationB of Dry Goods.
The importations of dry goods at this port for the week
ending July 9, 1885, and since January 1, and the same facts
the corresponding periods are as follows:

for

H

^

E

1^^
o
d

g:
S;

•

:

:

;

1

:

i

!

;

;

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1
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o>

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:

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to

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a,

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c

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— M QD Oi

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»
•

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1

T

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;

1

T

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^

«*- K3 U" 33 y 10
^ CC K- O ^
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— i-ato

GC -1 05
tt^

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H-J-'WtO*..

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50 <1

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b

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ct

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co'c'tD-ib

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b

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cccm^-cc

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CO

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a a -0

"tow

00 a: CD

aco

fcCO'--^^

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a"-"

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tf^ rf^

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ce^

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IX

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or

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CD

^

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JT
50 GD
00 U' CC
»- c to «(
MM
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f-*

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(9 CO ic to

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tcoco

C-.

tf^

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3:

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-sD-CJtODO

b'—

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cr.<i

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—

as

cfi

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ccVioTtoVi

31

iCCi

<\-j^

5

^X*J *>«* 1 ;;&• r^
a xs c
to » c. ^

iin

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4*

1-'

u^

CO
*^

00

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^-^ai<ico
COX*- a- to

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X CO -J
M :r
to -« o

Qoa
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W ^1 cd"^

a CD

CO
r>

CD

to

0*^'XH(s.*l

<l

:d CO CD to**

CO
CO

^

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c:

QCj^I

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V

M-i::«0

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t-*

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ick:

c
n CM
D

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;

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<l-,D^MaD

to

>

i "b
^
to

;

X

MtO'-'-'lO

tP.CJ»

c;!

1—
CO

s

S

3

prices.

c — tow 10

^

1

Xr(y-MOOrci
ODCntJ*

C, J- 1- to

s
5

at

e

w
CB

FoBEiGN Det Goods have ruled quiet in first hands, with
the exception of British and Contmental dress fabrics, in
•which a pretty good bufinets was reported in some quarters.
Velvets and velveteens have met with rather more attention,
butsilks were in light requfst, and the demand for linen and

Commercial

&

oo
w^
r-i-J

v. 00

o

e~a
MCO

C

-I

— H-Cfl
MM
10 !D r+-

rti

KO>
O'M

CD

>-<l

OitO

O'

'X' vJJ J:i

COTTON SAILDUCK

E.

o

S.

A full supply, all Widths and Colors, always
No. 10» Dnane Street.

bliss,

Fabyan &

Co.,

Supreme Court, Washington. D.

Other

DrxlU. Xheetingt.

Bullard
119

<«(..

&

for

Exvnrt

C.

nAIUEN LANK,
KBW

BA)GGI.\0

TIES,

(FOR Baling cotton.)
^J^^''^.',9'!i^.f.'"'\"y'"g briindB of Jiite BaKirlnR

•Nerins.O •"•tlnlon Star." ".lalem.'-'Horloon Mills'
" Jersey mIkk " and " DoTer MIIU." °""°"" *""••

I.MPOKTKHS

fiK

IHOW TIR».

BAGGING.
WARREN, JONES A GRATZ,
ST.

iOUIS, Mo.

JUDDfacturers' Agente totthea&ie of Jute Bagging

IMPOBTSnS OF

IBO^V

Clieclis iind

COTTON TIES.

«

w

other cash items

Blllsof other banks
Kractional paper cur'cy, nickels
Specie
LeKiil tender notes

Due from

tJ. S.

5 per cent

Due from

100,000 OO
"'
SOS.OOO
OO
10H.0i4 Ol>
410.000 OO
1,3;;6,01U 51^

421,717 8T
100.000 00
2,4»a 74
80o,o;i5 ao
2,017,4:15 51

E.xclianKcs fur Clearing liouse

D. J. Brewer, U. 8. Circuit
JudKe; Corbin BankltiK Co., New York; Eastern
BanlctnK Co and Gen. P\ A. Osburu, Boston, and the
Bank of Topeka. Topeka, Kansaa.

00

1«7..")00

& cents

1J.810 00
10.0S4.lj(IO

2.020,fc34

74
00

Troii^urer. other than

redemption fund

11,000 00

U. S. Mint

5liU

00

*33.102,27U 83

Total

LIABILITIIES'

Undivided proHts
State bank circulation outstanding
Dividends unpaid

ONLY

ject to

lft,s<4

.

00

France.

GENERAL TRANSATLANTIC CO.
YORK and HAVRE.

Pier (new) 42, North River, foot of Morton St
Travelers by this line avoid both transit by KUKlisb
railway and 1 ne discomforts of crossing the Channel
In a small boat.
ST. LA i; RENT. De Jou8selln..Wed.. July 15. 8 A. M.
AMKHIQUK. SnntelH
Wed..Julv •ii.'iV.M.
ST. (JKUMAIN.Triub
Wed., Julv Ml, 6 A. M.

CANAUA,

UeKersabiec
Wed.. Ann. 5, Noim.
UK Passagb (including wine);— To Havre-

t23.l!71,161 80

certificates

of

75.611 83
857,3«« 35
(a.«hler'8Ch'cksout»t'd'({
54,410 »4-24,15S.510 82r
Due to other national banks
2.i* 4,.")45 17
Due to Stated private banks* bank rs 1,384.730 14

»3S,102,a7D S3

Total

New York, County of New York.
J. Qi'i.VLAS. JR., Cashier of "The ChemiNational riank of New York," do solemnly swear

Stateof
I.

cal

Wm.

that the above staiemcnt

knowledge and
>

First cabin, $li)0 and »S0; second cabin, fliO; steerage, t'<i2—iiicludlnK wine, beddlni; and utensils. Return tictcets at very reduced rates. Checlison lianque
Transatlantlque. Uavreund Farl8,in amounts to suit.

Havre to Paris.
The CoinpaKnie Generale Transatlantlque delivers

check

deposit
Certlded checks

Between NEAV

PlilcK

00

S.IMO.OOO 00
X,alW.7«3 70

individual deposits sub-

Demand

Direct Line to

»:TOn.000

Capital stock paid In
.Surplus fund

^teamsliipB.

From

TOHK.

AND IRON

and bonds

Banking house
Current expenses

M. Clarke,

Tratle.

Wheeler^"

stoclis

Clearing House loan ctfs. of other b'nks
Uue from other national banks
Due from State and private banks and

RKFKKENrES; Hon.

SHIRTINGS

ToweU, <lutltii, Wblte Goods & Hoaleri

ff

fl5, 0^,554 S4
1,110 i)7

.

U.S. bonds to secure circul'n (parval.)
U. S. bonds on hand (par value;

boD(i8, speciaitles.

AND SHEETINGS,

Ao.

OO

•-J --1

Overdrafts

Commercial and corporation law and municipal

York, Boston, Philadelphia,
SKLLING AGENTS FOR LEADING BRANDS
PRINTS, DENIMS, TICKS, DUCKS,

w C iO a: CD
to
X OS -^
- CO
-

KESOURCKS.
Loans and discounts

ATTORNEY AT LAW,

New

BROWN & BLEACHED

to ifc

lOZJ-Ct*.©
CO
-1

1^

:^

July, 18b5:

TOPEKA, KANSAS.
in stook

UO to

CD

OF THECO>DlTfON OF "THE
REPORT
CIIEMICAL NATIONAL BANK OF
Y<»ltl\," at New York, in Uie State uf New
NEW
Yoriv, at the Close of busiuess on the 1st day ot

A. Angier,

Fabius

Also, Afcents

CO.

^

WCOQC

b]tnl<ers

BAGS, "AWNING 8TR1PK8.

ON1TED STATES BUNTING

CD 4-^0: CS
»0 3:<I -GO

CO

\mx\i Jitatcmcut.

COTTON

CANVAS, FBLTINO DUCK, CAB
COVBRING, BAQGINQ, RAVBN8 D0CK,8An.
TWINB8, Ac, "ONTAKIO" 8BAMLJB88

M

CCCSlOCD-3
to
ai

It-

Ot

PRACTICES IN ALL THE COURTS.
Corporation and Commertial Lata a Spteially.
Refers to Judges Stephen J. Field and Wm. B
Woods, U.

kinds of

K-v-rcioco

en SI -J 00
cm
— W**CO'-'
COi'
cocD(x;crf^

CO

00

_^

1^

M

ro
1

ATLANTA, GEORGIA.

Mnnuf actnrera and Dealers In

iUm

c;*

-C i: 'i*

CO

Attorney and Counselor at Laiv,

Co.,

And all

,UM

ScgaX.

©arxls.

Brinckerhoff, Turner

^^

5-™^^*

:?

E

Is

true, to the best of

my

belief.

WM.

QUINLAN,

JR.. Cashier.
Sworn to and subscribed before nietliis 7th day
f .July. 1885.
KoWKltr li. RuIlKttTS.
Correct- Attest :
Notary I'ublie.N. V. County.
J.

J. A.

KOllStVKLT, /

G. G.

WILLIAMS.

HOBEKT

fJOKLKT.f Directors.
>

Special Train from

its office in New Yorit special train ticlcets from
to Paris. BsKKat^e chcciied through to Paris
without exatuination ut Havre, provided iiasseriKers
have the same delivered at the Company's dock In
New Vork. Pier 42 North Kiver, foot of .<lorton St.,
At lee^ two hours before the departure of a steamer.

at

Havre

tl9V%»

MOSEPHCILLOTTS
STEEL PENS
I

WORLD

DE BEHIAN,

Agent,
No. 6 BoivUng Green,

I

Solo By ALL DEALERSThrouohoutThe
GOt.D,MEDALK'.:^IS EXP0SITION-187S.