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HUNT’S
MERCHANTS’
&
§|U w * p * p e *»
representing the industrial
VOL.
39.
MAGAZINE,
and
commercial interests of the united states.
SATURDAY, JULY 12, 1881.
CONTENT8.
I believe there
THE
31
34
Monetary
and
English News
Commercial
39
News
41
38
tVNKERS’ GAZETTE.
Money Market,
Foreign Ex¬
change, U.S. Securities, State
Quotations of Stoclcsand Bonds
44
45
Now York Local Securities
and
Railroad
Bonds
and
Stocks
Range in Prices at the N. Y.
Stock Exchange
42
43
Railroad Earnings and Bank
Returns
investments, and state. City
and Corporation Finances...
40
47
THE COMMERCIAL TIMES.
Commercial Epitome
Cotton
raising of
Commercial and Miscellaneous
35
49 I Brcadstuffs
•
50
I Dry Goods
1
50
57
*.
we
have
several
times stated.
And
|
cannot produce immediate restoration.
Confining ourselves to the illustration railroad earnings
afford, it is evident that all kinds of traffic are lacking now,
and
we
crops
shall have to wait at least until the
crops are not
only
raised, but-in good part marketed, before the people will
be able again to absorb the
product of our looms and
furnaces, and so restore to the roads in full the old condit¬
ions of traffic.
The industrial situation has of late
in character and in the nature of the
Business has
She (EJrtcwicIe.
as
yet it must not be forgotten that the country has reached
such a condition of industrial
depression that the simple
THE CHRONICLE.
The Financial Situation
Reli' f f- r American Shipping.
Railroad Earnings in June, and
from Jan. 1 to JmiOoO
The Gladstone Cabinet and
the Lords
is,
NO. 991.
been
changed
remedy required.
growing less instead of
more
produc¬
tive, consumption has fallen off instead of increased.
A
The Commercial and Financial Chronicle is
'published in disease that eighteen months
ago was hardly observable-has
New York every Saturday morning.
made so great progress that
Entered at the Post Office. New York, N. Y., as
finally
a kind of*chronic diffi¬
second-olass mail mattfsr. J
TERMS OF
SUBSCRIPTION-PAYABLE
IN ADVANCE
For One Year
(including postage)
For Six Months
do
culty is developed, out of which we cannot emerge by a
leap. And all we mean to say is that such spasms as have
:
$10 20
been witnessed from time to time in securities have
6 10
£2 7s.
Sixmos.
do
do
do
£1 8s.
These prices include the Investors’
Supplement, issued once in two
months, and furnished without extra
charge to subscribers of the
Annual subscription in London (including
postage)
lation to any
A possible
real recovery which may be in progress. *
indication of the extent of our present
troubles may be observed in the bank returns.
It will be
noticed that the deposits in our associated
banks, accord¬
ing to the figures of last Saturday, had been reduced to 290
million dollars.
That is to say they arc now about 70
millions less than they stood on the IGthof
February when
Chronicle.
Subscriptions will be continued until definitely ordered to be stopped.
The niblUhers cannot be
responsible Tor remittances unless made by
Drafts or Post-Office Money Orders.
A neat file cover is furnished at 50
cents; postage on the same is 18
cents.
Volumes bound for subscribers at $1 00.
Offices in England.
The office of the Commercial and
Financial Chronicle in
is with Messrs. Edwards Sl
maiitii, 1
*
London
Drapers’ Gardens, E. C..
subscriptions And advertisements will be taken at the regular where
rates,
and sinvle copies of the
paper supplied at Is. each.
The office of the Chronicle in
Liverpool is at B 15, Exchange
Buildings.
WILLIAM
79 A 81
It. DANA
on
Co., Publisher*,
William Street, NEW YORK.
SITUATION.
Very naturally there has been this week,
our
stock
market.
appreciation in values
Such
a
as was
a
general
witnessed last week, without
important change in conditions, could have no other
an
artificial basis, and invites reaction.
We havp
been going down hill in an industrial
way for fully two
years.
Just now the point is reached at which the move¬
ment of
produce is at its minimum, factories of every
description are being shut down, and production sensibly
curtailed under the stress of
accumulating stocks.
Of all
this, railroad
earnings are now beginning to afford the
clearest evidence,
showing a loss in traffic not only from
small crops but also from the
falling off in the passenger
any
than
movement, the continued restriction in the
as we
course
the loss is in part
understand it
needed
at
home
were
not
on
country
throughout the
such
they would have,
that they
in
a
fair
reappeared here before now. Should however
Clearing House adopt the leading recommendation
with regard to the
payment of interest on deposits of Mr.
Coe's committee, which reported this week, it will be
long
before this item ever assumes the
proportions it wore in
the-early part of this year. The question that committee
raises is the same one which has
agitated our banks at each
recurring panic. At a meeting of the Clearing House on
the 4 th of June Mr. Coe
very forcibly and clearly described
the dangers of the system which were then of so recent
illustration—dangers which involve the whole community
-of banks, making them all, as Mr. Coe
tersely puts it,
partners in peril, though not in profits. That question at
least ought to be settled on this occasion.
The public can
see no reason
why institutions that keep their vaults filled
with dynamite should be allowed within
Clearing House
measure,
reaction in
sudden, decided and
were
()f
Events have scattered the latter
country, but if the conditions
i
FINANCIAL
city accounts, but mainly
balances.
<fc
Post Office Box 958.
THE
-
the silver disturbance occurred.
.
william n. d
JOHN Q. FLOY
no re¬
the
production and
marketing of coal, and in the general distribution of goods.
It was at such a
juncture that the whirl upwards in Wall limits.
Street values was initiated, and lienee the
As to
brevity of its
the favorable features which
during late weeks we
to,-there has been little change since our last.
Wo would not be understood as
meaning that there is So far as received, the returns from the wheat harvest are
no substantial
basis for a more hopeful
feeling, for we very satisfactory. The weather has been all that could be
existence.
have referred
32
THE
•desired
for
CHRONICLE.
growing
and maturing grain, and up to
the country has the promise of an abun¬
dant yield and of a much larger product per acre than for
the two years past.
Of cotton, the Agricultural Depart¬
ment’s figures of condition issued on Thursday do not by
any means represent the present prospects.
The truth is,
the form of making up those reports causes them to be
very misleading.
As for instance, the July average condi¬
tion is given now at SO, the lowest it has been reported at the
same
date for many a year, and the natural conclusion is
that we must have a very small crop. That is by no means,
as we understand it, the intention of the
report, or if it is,
the report docs not correctly indicate the present outlook.
There is nothing in the existing situation which precludes,
the possibility of the largest yield ever secured. Such was
the promise in the Atlantic States up to two or three weeks
since; and the late rains, though casting a shadow of doubt
over the more sanguine
anticipations, by no means make it
certain that they will not be realized, especially as the rains
seem to have ceased.
With regard to the Southwest, the
•early conditions were far from favorable, but there is the
possibility now of a good yield even there. Altogether,
then, we look upon the cotton prospects with great
hope.
Furthermore, the new crop of wheat is moving to market
been constant
[VOL. XXXIX.
the decline been very
considerable. The
kept the, market pretty well in
hand and turned it upwards at some
period of almost
every day.
Easier prices for the Granger stocks followed
the report of the loss in earnings compared with a
year
ago.
\Jre have remarked upon this point in a subsequent
column in our article on railroad
earnings. The Vander¬
bilt specialties were unfavorably influenced
by a report of
a
disagreement between these roads and the Grand Trunk
of Canada,
it appears that Commissioner Fink’s award of
percentages of east-bound business gave the Grand Trunk
a larger
proportion than the managers of the Michigan
Central thought it was entitled to, and an appeal was taken
to the arbitrators, who
practically reversed the ruling of
the Commissioner.
This caused dissatisfaction, and it was
reported that the Grand Trunk threatened to withdraw
from the pool.
The most was made of,this, Lake Shore
and New York Central being freely sold, but the
selling
appears to have been mainly speculative, and it seems to
have resulted in increasing the short interest in these
properties. The Fries have been affected by further loss'
of traffic, and also by a statement that the July installment
on the car trusts lias not been
paid and that taxes due
Jersey City are largely in arrears. The stock has not
fallen to any great extent, but the consolidated second
with more freedom than in former years, notwithstandmortgages have materially declined.
Western Union
fell
ing the low prices ruling for this staple, showing that
early in the week on the announcement that
the
Baltimore
& Ohio Telegraph Company have ordered
producers are no longer disposed to second the efforts of
speculators and hold back their grain for better returns. a reduction in the tariff- between New York and Chicago
There appears also to be a good demand from millers and from 40 to 25 cents to take effect on the 14th inst.
There
a fair
was
also
a
rumor
that
inquiry for export, and unless these are checked by
arrangements have been completed
for
a
speculative manipulation later on (which is not likely) the,
practical consolidation of the Baltimore & Ohio, the
farmers will be able speedily to convert into casli the bulk Postal and the Bankers’ N Merchants’
Telegraph lines
of their surplus produce, liquidating outstanding claims and which would make somewhat of a,formidable
opposition to
the
Western
Union.
These
and
other facts’ and rumors
providing themselves with such necessaries as they require.
In consequence of the increased shipments of produce the have had more or less influence at
times, but the general
total exports at New York keep up well, and as the imports current' lias been adverse to
any rapid appreciation of
have fallen off, the trade showing is likely to be better than, values, though
the large short interest gives those manipu¬
two or three months ago, it was thought possible to be at this lating the market no little power over it.
time. If the movement of grain out of farmers’ hands conAtchison Topeka & Santa Fe shows quite a large falling
tinues liberal, and if prices rule as low as they have done re¬ off in net earnings for the month of May.
Examination
of
the
cently,exports of breadstuffs may soon assume important pro¬
figures reveals the fact that the decrease is wholly
portions. All this only confirms what we have on previous the result of heavier expenses, gross earnings having
occasions said, that at a price we can sell all our food prod¬ actually increased on last year.
There are two reasons
ucts, and if the yield per acre is so much more than last year, for the augmented expenses: the first is, that, in 1883, they
the double advantage is reaped that the farmer secures a were very small, having been only about 42 per cent of
good return while the world of consumers secure cheap food. the gross earnings; and the other is. that floods and
With such prospects as to crops and foreign trade, and freshets on the western end of the line did heavy dam¬
with our banks in a safe condition, there is no room for ages to the property in the present year, which entailed
despondency, but good promise of a gradual recuperation, large outlays for repairs and materially enhanced the cost
and in time of renewed business activity.
But these of operating the road. It will be noticed that while the ratio
changes cannot of course.come rapidly enough to save the of expenses in May last year was only 42 per cent, in the
already shipwrecked, or to rescue those who are inextrica¬ present year it is almost 57 per cent.
The following is a
bly involved, This time of trial has shown the weakness comparison, of earnings and expenses-with 1882, as well as
of a policy, even by dividend-paying roads, of rapid rail¬ 1885. the Southern Kansas line being included in .each
If lixed charges are thus year.
road extension on a debt basis.
largely increased, there seems to be urgent need of a sur¬
Atvuisox Toi’Kka «fc Santa Fit.
1-Si.
IS-3.
i 1 SS2.
plus fund to secure regularity in dividends. The best
2,329
Mileage
2,219:
2,192
years are too readily taken as an average of expectations.
S
Man.
*
So, instead of a surplus fund, the monetary." pressure has Cross earnings
1,313,302
1.311,913 | 1,257.127
551.9-8 !
710,012
7t.O,<572
found all this class of roads with-a troublesome Foaling Operating expenses
this
time
owners
or
of stocks have
-
-
i
debt.
One after another
cumbed.
the
more
This week the Denver N
into receiver's hands, and if.
embarrassed have
sue.
Though the stock market has re-acted this, week and the
general tendency has been downward, this has bv
no means
•
Operating
9,10", 909
3,309,>:•! 2
expenses
Net earnings
j
From tills
'.
3.0-3.11?
that while the
'r
i
|
5
17,035
3.039 SPG
(1,051.779
3,9(53,721
3.0 rn. 543
2,OSS,O'-8
earnings arc $180,they
nevertheless -$05,000
than in May, 1882. Nut withstanding the loss of
we see
000 smaller than last year,
•greater
702,925
Min/ til.
(: ross earnings
the depression should continue
could have shaken.
582,1190
earnings
Jan. 1 to
Bio Grande has gone
long, a floating debt and heavy fixed charges may bring to
grief other enterprises which only such heedless management
Net
£ 180,000
in
net
are
Mav. however, the
net
for'the live months
& r
$05,000 above those for the same period of
1SS3, and nearly a million above those for the correspond¬
ing five months of 1882. This shows at once how excep¬
tional the May exhibit is and how satisfactory the showing
for the preceding months was.
It will be observed that
the ratio of expenses to earnings for the five months of
1884 is but little over 50 per cent, which does not encour¬
age the idea that there has been any permanent rise in the
average cost of operating the road.
Chicago Bur ling ion <6 Quincy'1 s exhibit for May also
shows a decrease.
But it is to be remembered that the
earnings last year were "very heavy, so that the .small
decrease now is' really unimportant.
The truth is, a much
The
heavier decrease would have occasioned no surprise.
road is a very large Carrier of corn, and, as. m the month
preceding, the supply of this kind of traffic was materially
this year are
below that of
Though we have not the actual
the Burlington & Quincy, some idea of the
a
year ago.
tonnage over
movement of that cereal is
{*
Pennsylvania & Ohio leased road being appended in
the
a
line at the end.
1.308,545
9r0,708
Operating expenses
Net earnings
Loss on
N.Y.P.& O.lease
Result
*
*
*
May.
Gross earnings
1882.
1SS3.
1S84.
1,000,174
1,083,303
1881.
*
1880.
*
1,502,544
1,029,439
1,770,890
1,070,925
620,109
620,109
1,681,708
972,435
341,777
47,204
576,809
+54,186
652,359
699,965
204,573
031,053
652,359
699,905
11,012,46S
8,341,037
13,043,330
9,109,834
12,645.471
3,270,531
274,083
3,933,505
3,915,191
4,796,684
4,359,451
2,006,148
3,087,691
3,915,191
4,796,68-4
4,359,451
Oct. 1 to June 1.
Gross earnings
Operating expenses
Net earninps
Loss
on
N.Y.P.&O. lease
Result
8,730,250
13,626,448 12,057,029
7,+07,578
8.829,764
+54,186
t Profit.
thus smaller than in any
years given, and we would have to
1879 to find totals equally small. It appears
Both gross and
other of the five
go
back to
net earnings are
that in each of the last four years
the May net were con¬
afforded by the receipts at siderably above $000,000, while in the present year (after
allowing for the loss on the leased road) they are less than
Chicago, which for the five weeks ended May 31, footed
$300,000—actually $294,573. The loss on the leased
up only 2,407,913 bushels this year, against 4,305,559
road during the month was $47,204, against a profit of
bushels in 1883.
Yet; with such a heavy relative
loss in this item of traffic, we find that freight earn¬ $54,180 in the corresponding month of 1883—the first of
the lease—and this alone would account for a difference of
ings during the .month,, decreased
only §57,831, over
$100,000 from last year; but apart from this the
which speaks well for the growth and development
exhibit is a very unfavorable one—the loss in net on
of other items of freight.
In the passenger business, too,
the Erie proper being $235,000 as compared with 1883,.
the company appears to be doing very well, for there is an
increase in the earnings on that class of business of $7,135 $311,000 as compared with 1882, and $358,000 as com¬
Taking now the
for the month and $137,820 for the five months to the end pared with 1881, all in a single month.
of May.
How the gross and net compare for four years is eight months of the company’s fiscal year to the end of
May, we have results of the same general character, net
shown below.
and gross alike being lower than in any other year given
1881.
1882.
1883.
1884.
Ciiic. Bum.. & Quincy.
in our table.
The loss on the Pennsylvania & Ohio lease
$
$
$
Gross on ruin gs
1,981,127
2,009,872
1,505,261
1,079,450
Operating expenses
1,158.498-
1,128,110
857.401
925,753
remaining to the
881,750
047,707
753,703
$2,990,448, against nearly
Mai/.
822,0-9
Net
Jan. 1 to May
Gross earnings
31.
Operating expenses
Net
5,3929310
9,407,287
5,030,428
7,718,4 51
4,3 14,002
7,014.715
3,977,815
4,14U>,229
4,430,859
3,374,389
3,030,9 J0
9,51«39
during this period was $274,083, so that the actual net
Erie in the current fiscal year was
four millions in the same period
1882, and against over- 4 f millions in 18S1.
decrease from last year is a trifle less than a million
of 1883 and
The
dollars.’
As in that year
there was a balance above all
charges of $1,205,485, as we have before shown
in these columns, it is evident that the margin remaining
not as good as it was last year, it is yet very much better
has not yet been exhausted.
But the company lias
than in either 1882 or 1881, and the same may be said of
the exhibit for the five months.
The net are only $59,000 already passed the June interest on the second consolidated
nds, and thus avoided the payment of over a million
smaller than in May, 1883, and $175,000 greater than in
dollars for this purpose, strengthening to that extent its
May, 1882. and for the five months the total, while $290,000
actuaFSfinancial position.
below 1883, is yet $772,000 above .1882 and $1,110,000
Exchange has been more active this week and generally
above tin; same period in 1881.
'
/
A e:o York Lakp Eric cf Western was not expected to stronger, rates being marked up \ cent yesterday, with a
make a favorable exhibit for May, but the actual figures good iemand for ffight bills and cable transfers, due, it is
now
presented are Very much worse than any one sup¬ claimed, to the closing out of sterling loans which have
posed they would be. The conditions during the month matufed. Bankers report a fair amount of commercial
were of course of an unfavorable character.
The preva¬ sterling drawn against, grain and cotton shipments. The
wheat now going forward is of last years crop, and sales
lence of a 15 cent rate for grain (below the actual cost of
are reported to have been made this week of prime grades
transportation) and a small volume of general traffic,
"We here
St*
33
THE CHRONICLE.
July 12, It 84.]
see
that while the exhibit for May
this
year
is
the depressed condition of all industries, were
advene features that the trunk lines had to contend with.
because of
interest
as
low
as
9-1
being shipped
lepjrted
Erie, it would seem, must have sus¬ is
the coal traffic, of which it is one-of'the annum, and
But in addition the
cents per
a
bushel.
Some new wheat is
Money in London
1 per cent per
encourage the drawing
from Baltimore.
drug, at } of
.
this ought to
of balances for employment in our loan market and the
largest,carriers in the country. It is well known that there
renewal of sterling loans.
have been repeated restrictions in the mining of anthra¬
Brokers’ balances at. the Stock Exchange have ruled low
cite, and though we have not the ligures in the case
of
the
Erie—its own
production is very small, during the week, but the banks are not offering money
Some of these institutions are purchasing very
-most, of the coal coming to it from other lines—it is clear freely.
that this restriction in the output, combined with a reduced little mercantile paper, while Eastern banks are not in the
demand for the article both east and west, played more or market as, buyers, and consequently it is reported that
less part in producing the present poor showing.
In order merchants find it difficult to obtain discounts, and some
that it may be seen just how the exhibit compares with have been compelled to take up customers’ paper they
This condition of affairs causes more or
other recent years, we give below the figures since 1880,— could not sell.
The following statement, made up
less embarrassment.
gross and net covering only the Erie proper, the-result on
tained a*loss
on
t
34
THE CHRONICLE.
from returns collected
by
exhibits the week’s receipts and
currency by the New York banks.
shipments of gold and
Week
us,
Received by
N.T. Banks.
Ending July 11, 1884.
Currency.
Movement.
$583,000
Gain. $1,907,000
$2,490,000
$583,000
Gain.$1,907,000
The above shows the actual
of
Net Interior
$2,490,000
Gold......
Total gold and legal tenders.
Shipped by
N.Y. Banks.
gold and
Congress would accept the proposition of the other
propositions were abandoned. Perhaps it is as
well that this course was
pursued. As for the subsidy
and both
section, the conservative sentiment of the country is decid*
edly against it. If our laws were so modeled as not to be
ship-building; if
colonial interests
could
currency caused by this movement to and from
interior.
In addition to that
movement, the banks
the
of
obstructive to
changes in the bank holdings
[VOL. XXXIX.
not trust
as
to
had such foreign and
those of Great Britain; and if we
commercial
we
enterprise to keep open
might be well, as a
communications with distant ports, it
measure
of
national
policy, to adopt some such system.
through the operations of the Sub- But we have no such conditions, nor have we anv steamTreasury. Adding that item, therefore, to the above, we ships at present. The movement in
favor of “free ships”
have the following, which should, indicate the total
gain to stands on a different footing. The time for the
adoption
the N. Y.
Clearing House banks of gold and currency for of that measure is postponed. It has been
urged—and so
the week covered
by the bank statement to be issued to day. far the opponents of free
have gained $2,500,000
Week Ending July 11, 1884.
Into Banks.
Banks' Interior Movement, as above
Sub-Treasur* operations, net
Total gold and legal tenders
The Bank of
for the
12,490,000
2,500,000
$583,000
$4,990,000
$583,000'
England reports
week.
Out of Banks
a
ships are right—that if there
before the passage of the Dingley bill, perfect free,
dom of registry of all
ships, wherever built, it would not
be economical, but
quite the reverse' to register them
under the flag of the United
States; for the moment a
British-built steamship became entitled to hoist the
were,
Net Change in
Bank Holdings.
Gain.fl,907.000
2,500,000
Gain.
Gain. 14,407, ;00
loss of £371,000 bullion
American
represents £205,000 sent abroad
and £100,000 to the interior.
The Bank of France shows
a decrease of
5,032,000 francs gold and of 1,073,000 francs
silver, and the Bank of Germany, since the last report,
has lost 8,503,000 marks.
The following indicates the
amount
of
bullion in
,
England
Gold.
Silver.
£
£
24,701,215
Bank of France
Bank of Germany
Gold.
therefore, a certain amount of force in the
argument that it would be well first to ascertain how far
these exactions were the cause which
Silver.
&
£
22,2 10,82s
74,175.941 03,810,704 63,619,82s 61,352,488
....
ping interest.
alfect
a
discouraged the ship¬
If the abolition of the
taxes named
should
revival of the American
carrying trade, the
ships will draw to their support all men
who believe that it is
important that our own people shall
have their share of the
profits, and that our trade should
have the advantages to be derived from
carrying our own
products over the ocean, and from bringing back our
foreign
advocates of free
41,710,970 40,519,454 39,705,000 41,528,183
7,703,750 23,291,250 7,008,000 22,821,000
Total this week
Total previous week
There was,
not
July 12, 1883.
a
.
the
July 10, 1884.
Bank of
payment of
principal European banks this
corresponding date last year.
week and at the
flag, that
moment it became liable for the
number of taxes from which she had
pre*
viously been exempt, without having escaped any when
she ceased to be British.
This
74,983,601 04,308,470 69,958,497 04,038,771
purchases.
If the Dingley
act does not deal with these matters, it
Assay Office paid $1,080,143 during the week for
nevertheless contains important provisions.
domestic bullion, and the Assistant Treasurer
Very con¬
received the
siderable changes are made in the laws
relating to the
following from the Custom House.
shipment and discharge of seamen. ’ Heretofore a seaman
could only be shipped for
Consisting of—
a round trip.
If he were
Date.
Duties.
TJ. S.
in
engaged
an
American
Gold
Silver
port
must
be
Cer¬
he
brought back to
Gold.
Notes.
an American
Certific's.
tificates.
port, or the ship must pay him three months’
July 4...
IIoli day
extra wages upon his
discharge in a foreign country. Pay¬
5...
$301,091 32
$4,000 $137,000 $128,000
$92, jOu ment of
advance
7...
544,777 89
wages to any other person than himself
9,000 151,000
239,000
145,000
8...
824,593 38
was
15,000 160,000
forbidden,
but
430,000
such advance might be
213,000
paid to him.
9...
540,179 02
10,000 149,000
204,000
126,000 The effect of these
10...
were
when they
provisions,
which
wise
524,767 91
11,000 120,000
211,000
173,000
were adopted several
Total
generations ago, was very bad. The
$2,790,012 52
$19,000 $720,001 1,275,000
$749,000
advance wages gave full
play to sailor-landlordism and the
blood-money” system. The inability of masters to engage,
RELIEF FOR AMERICAN SHIPPING.
and of seamen to
agree to, a shipment for a single trip, the
It is a fact—a very remarkable fact—that the laws of
this discharge to take
place in a foreign port, first made it
much-protected country have been, and still are, adverse to difficult for masters to obtain
good crews, and made
American owners of vessels.
They are not merely indi¬ American vessels unpopular even to American seamen*
rectly burdensome, but they levy taxes and charges which Moreover, it set a
bounty upon cruelty. The only way the
j
operate directly to the disadvantage of ship-owners who master could
get rid of one or more men whom he did not
sail vessels under the American
(lag.
It is therefore like, in a
foreign port, without paying them three months’
J
with peculiar satisfaction that we notice the
passage by wages, was by treating them so cruelly that
they would
both houses of
Congress, and the approval by the
desert.
All these evils are dealt
with, and possibly
Presi-j cured
dent, of an act which, though it does not go far enough,
1
by the new law.
No advance wages whatever are
makes a real and very substantial reduction in the number to
be paid.
;
If this provision is one which can possibly be
I
and the amount of
petty exactions which have been suck- : enforced, it will do great
good. The experience of Eng¬
ing out the profits of commerce.
land, which has tried it, is not encouraging, however. But
The Senate and the House of
Representatives each tried the new law allows seamen to be discharged at their own
The
i
‘*
“
“
“
••
.
...
“
.
J
to
add
to
the bill
a
measure
of
its
own
for the
direct. request,
the request of the masters, in foreign ports,
and without any payment of
'
'
wages in addition to those
I
provision granting a subsidy to American
steamships which • have been earned, except that in a few specified
for caiTving the mails.
The House inserted a section cases one month’s
wages are required to be paid.
How
authorizing the American registry of foreign-built steam-' | important a saving this may be to ship-owners appears from
ships of four thousand tons and upwards. Neither branch the statement of the House
Committee, in its report, tlia
encouragement of
.
.
ship-owning.
The Senate attached
a
or at
1
.
.
°
t
July 12,
THE
1884.J
g
CHRONICLE.
35
•■|•
the extra wages to be paid on
was from $1,200 to
$1,500.
discharging twenty
Of
seamen
course
.
there
for the decline.
are
The
.
.abundant and substantial
reasons
of
general business has not
changes are made by the Dingley law in been in favor of a large volume of traffic on the railroads,
the charges upon vessels.
(1) The consular fees are as everyone knows. On the contrary, with the production
wholly abolished; (2) the hospital tax is abolished; (3) the of goods everywhere restricted under the economy in con¬
tonnage tax is greatly reduced. Consuls of Great Britain sumption the public is required to 'practice, merchandise
and of other governments have for a
long time been freight over the railroads of necessity was reduced to
obliged to perform the ordinary services demanded of small dimensions. Then, in addition, the movement of
them by shipmasters free of
charge. American consuls the crops, so important to many roads in different parts of
have received fees for thirty-six several classes of
service, the country, was nearly everywhere very small. In cereals
at rates fixed
by the President. Henceforth American the movement compares quite unfavorably with that of last
consuls will perform these services
gratis, and those of year, which was by no means large, and this has affected ad¬
them who are by law allowed to retain fees will receive the
versely all the Northwestern and many of the Western roads,
amount which the ships
would have paid from the Treasury. while in the South and Southwest cotton shipments were so
The tax heretofore levied for the support of the marine
insignificant as hardly to bear computation. If to this we
hospital service was forty cents a month for every sailor add a falling off in certain other items of freight on par¬
employed on a registered or enrolled vessel. This tax ticular roads, such as lumber and minerals, it is surprising,
yielded annually more than $400,000. It was a direct not that we find the decrease so general in all sections, but
burden upon American shipping, and its
remission is a that the influences at work should have produced no
substantial relief.
The tonnage tax. levied alike upon more serious effect in
diminishing earnings. Just what
American and foreign
shipping, has been thirty cents a the effect has been on each road is shown in the table
ton, upon the first entry of a vessel at an American port below.
GROSS EARNINGS AND MILEAGE IN JUNE.
in any year.
But only one payment was required each
year.
This worked disadvantageously to American ships,
Gross Earnings.
| Mileage.
Name of Road.
mostly sailing vessels, which usually make but one entry
l
\ Increase ot
1884.
1883.
1384.
1883.
in a year, while British
| Decrease.
steamships enter from six to ten
times each in a year.
*
$
*
Hereafter the tonnage tax is to be Burl. Ced. Rap. & No. 206,418
1 0.1 93
i
216,616
713
713
three cents a ton each entry from'the A\rest Indies, the Canadian Pacific
556,000
588,000
—32,000 2,408 1,704
Central Iowa.
101,913
course
Three several
-
'
North American continent and the Hawaiian Islands: and
six cents
a
ton from all other
vessel is not
ports: but the tax upon any
to-exceed fifteen cents in the former case or
Canada, impose
on
any one year; and no tonnage
entries from countries which, like
American shipping.
Such are the heading features of this
very important bill.
It is of course impossible to
specify them all, or to show
in detail why changes were made, and what is
likely to be
the operation of the new provisions.
But enough has been
said to indicate the scope of the measure to those -who are
not especially interested in it.
All others have no doubt
watched the progress of the bill through Congress and are
fully aware of all that it does and leaves undone. It is
certainly a step in the right direction. For twenty or
more years
past there has been such ample opportunity for
the employment of American
capital in the development
of home resources that we have been
quite contented to
leave the profits of the ocean
carrying’, trade-to whoever
would, take them.
But that era has passed.
We are
paying—who knows how much ?-—some say one hundred
and twenty live millions, and.some .set it much
higher, for
freight on our exports and imports. Many millions of
that sum is profit.
It is on this and on every account,—
commercially and politically—desirable that we have a
large and prosperous merchant marine.
We hail the'
Dingley act as evidence that the importance of the interest
no tax on
.
is
recognized.
RAILROAD
EARRINGS
FROM JANUARY
Railroad
1
IN
JUNK,
TO
AND
258,800
Eli/,.Lex.A Big San.
57,800
663.962
Chicago A Alton
Chic. & Eastern ill
earnings, again
The
strik¬
ingly favorable for railroad traffic, so the present year
proves to be no exception to the rule.' In June, 1883, we
had an increase of only about 8 per
cent, while in June,
1882, there was a decrease, and now we again have a fall¬
ing off. It is not the extent of the loss that makes the
present statement noteworthy, but rather the fact that the
decrease is so general and so widespread,
and embraces
nearly all sections of the country.
* »
„
Chicago & Northwest.
Chic. St P.Minn. AO.
Chic. A West Mich—
Cm. Ind. St. L. ACh..
Cm. Wash. A Balt
Cleve. Akron A Col
Des Moines A? Ft. I).*
Detroit Lans’g A No*.
Evansv. A T. Haute..
Flint A Pere Marq...
Fla. R’y & Nav. Co...
Ft. Worth A Denver*.
Grand Trunk of Can.t
Gr. Bay Win. A St. P.
Gnlf Col. A Santa Fe.
..
Ill.Cent.(HI.AS<>. Div.)
Do
(Iowa lines)..
Ind. Bloom. A West...
Kan. C. Ft. 8. A Gulf*
Little Rock & Ft. S...
Little Rk. M.R.ATex.
Long Island
Louisville A Nasliv...
Marq. Hough. A On*
Memphis A: Char'ton*
Milw. L. Sh. A West..
Milwaukee & North’u
Missouri Pac. (1. M.).
Mo.K.A T.(l. AG.N.)
Texas A Pacific.
...
Central Branch.
Mobile A Ohio
Norfolk A Western*..
Shenandoah Valiev*
Northern Pacific
Peoria Dec.AEvansv.
Rich. A Danville
Char. Col. A Aug...
Columbia A Gi ’v...
West. No Carolina
Rochester A Pittsb...
St.L. A.AT.H. m.litn *
Do do* (branches).
St. Louis Ft.S. A Wich.
St. Louis A San Fran..
St. Paul A Duluth
St. Paul Minn. A Man
Wisconsin Central*...
...
,
..
323,845
56,022
667,5"7
144,143
2,023.180
126,127
1,919,000
1,942,832
464,558
126,857
197,313
122,1! 0
2,213,021
444,678
135,734
46,5 43
16,805
83,8 47
57,8^4
206,322
73,281
178,810
73,190
66,959
24,100
1.493.005
25,697
34,171
139.156
762,403
127,784
735,60 *
125,400
197,013
131,M3
33,000
166,305
217,574
33,248
30,750
8,877 J
343
281
10,566
260
—1,894
—27,512
+ 6,231
+ 7.000
-229,169
—8,474
l 1,372
—26,803
10... 05
—20,501
146
361
—
—
—
+ 47,765
+ 2,250
23,500
23.100
+ 400
286,945
295,4 22
1,040,685
1,090.706
68,993
56,589
-8,477
—50.021
104,523
81,312
8 8,60')
45,08>*
1,289,06900,149
343,011
87,265
44,175
1,191,284
826,900
456,227
102,659
123,727
155,397
51,593
121.05 1
130,213
142,403
40,073
1,095,785
50,626
251,819
33,29.)
28.148
829,656*
18,474:
-
258.691
44."91
31,755
2 9,62 u,
23,261
67,28b
55,4 9
65.335
57,0 18
104.86
45.3 U)
33.362
332.985;
110,074.
682,33"
67,5m]
i
259.91 7
115,025
763,83
75.991
19.221.2 I5J 10.032,9261
+ 35,530
+ 24.723
+ 1,335
+ 913
+ 97,776
+ 73,249
1 13,216
+ 18 392
+ 6,516
—
—12,994
-11,520
+ 200.129
+ 2.152
—6,872
—5,795
—3,007
+ 6,367
+ 49,362
+ 1,951
1 1,7181
+ 1 7,0 9
—
354
2.1)72
512
130
847
252
4,520
3,530
1,147
410
343
281
144
143
225
146
347
486
110
413
—2,616
—27,304
-2,212
+ 893
149,494
55.990
1,263,836
—
199,929
44,331
17,698
31,100
401
f 8.408
-340,226 j 3,00 4
512
—65,045
130
+ 1,7/8
-3,545
847
252
—18,016
-104.180 4,770
—270,189 ! 3.8 0
+ 19.860 ! l,28o
144
143
408
110
2,322
225
53 4
2,322
402
634
389
168
170
352
225
534
1.506
402
684
389
168
170
352
2,065
2,065
135
330
374
22 1
330
326
151
L.520
l'O
1,»97
2,211
1,487
338
523
502
210;
2,153
254
7741
363!
29 4
206
294
195
138
1,3o7
2,211
1,487
,
388
528
502
240
1,701
254
757
337
294
206
222
195
1‘3
i
225;
123
732
203
—81,50-8,14-.
1,387,
1,250
4411
441
+
-
73,06s
4.9
>
—811.68
160,
776;
45,976 43,156
*
(Milv three week* of June in each year.
1 For four works ended June 28.
JUNE 30
prove unsatisfactory.
month of June has not for several
years past been
Chesapeake & Ohio..
Total (57 roads)
9J,535
2,129.226
1.789.000 !
Chic. Milw. A St. Paul.
thirty cents in the latter, in
tax is to be exacted
Central Pacific
AY bile it is here seen that
section
apparently has escaped
.receipts, it will also be observed that
Northwestern roads ’are very conspicuous for their losses.
The Chicago Milwaukee & St. Paul reports a decrease of
$101,180 for the month, though as this is after an increase
of over $400,000 in 1883 it is perhaps deprived of much
of its significance.
On the pther’ hand, the Chicago &
Northwestern reports a loss of $270,180, as against a gain
of onlv $170,000 in 1883.
It is well to remember, too,
that in 1883 there was a gain simply because in 1882 th re
some
reduction of
no
THE CHRONICLE.
Here
heavy loss. II we go back three years, for
comparison, the change is quite marked, the total earnings
for June, 1884, being only $1,942,832, against $2,306,440
in June, 1881, or a falling olf of $364,000, while mileage
during the same time has been increased over 1,000 miles.
Of the $270,000 decrease from last year, $255,000 was
reported in the fourth week of the^nonth, and as to this
it may be well to remark that Mr. $ykes, the Vice-Presi¬
dent, claims that $75,000 of the amount is accounted for
by the fact that there were two Sundays in the week this
year, against only one last year, Sunday being a dies non
We may further add to this explana¬
with the railroads.
tion by saying that the road’s corrected figures of earn¬
ings last year proved to be $38,000 greater than the
approximate figures, and that according to the company's
method of treating the returns, the whole of this $38,000
was thrown
into the fourth week, in the comparisons
with this year, in order to make the total for the
four weeks the same
as
the actual aggregate for
had
been
the
a
If
month.
allow
we
for
both
the actual decrease for the fourth week
smaller
Chicaao—
.1 ane. 1884:
4 wks., .J um\ 1KS3
Since Jan. 1, lSs4
Since Jan. 1, is83
4 wks.,
loss
corn.
1,(502,* 188
Milwaukee—
j
2-61,(1(51
wks., J une, 1SS1
2 IS. 115
4 wks.. J une, 1883
1.78(5.264
Since Jan. 1, 18,84
Since Jan. 1, 1883 1,5:0,449
St. Louis—
4 wks., J une, 1884
79,302
4 wks., J une, USSR
NS. IS?
Since Jan. 1, l'-s i
(528,235
Since Jan: 1, 1883;
753,27/
Toledo4 wk»., j une, 168 J
3.SI 1
4 wks., June, !.86,'{
.6,5/70
3(5.754
Since Jan. 1, issj
Since Jan. 1, 1683
38,300
483.7(57
892.147
lssj
i
wks., June,
Since Jan. 1, issi
Since Jan. 1, 1883
ISsi
18s3i
issi!
1SJ3,
318,291
433,035
80,103
25.739
807,8112
1,893,853
.
09,530
58s,570
102,473
2,02.7,137
8.3,714
204,300
1884, after
1,01 1.474
2,452,004
372,803
ington &
337.999.
1,579,370
35(5,979
1,15.8,320
2 715,505. 12,004.739
3,(5(59,093) 12,874,100
491.784
4,600
10,718
is
1,015,902
12,710
23,319
150,227
120,805
56?
13,409
(V 47
791,191
J
349.6 4(5
532,083
2,.<S?,145
4,470,791j
297
509,031
003,998
4.280,4951
32.40(5
38,735
224,021
4,159,794
405,723
•48,081
34,594
271,575
49,281
11,55)1
10.S93
(53.3151
1,7. 3.133
99,905
3,23!,S45
3
170,295
102,74-8
1,23 4 .479
70.43?
52,820
44.1,51 1
310,615
11.255
6,325
(51,599
01,045
1
920,211
873,508
413,450
87,2(43
127,73'
552,750
35,100
55.1(0
484.8001
81.900
72,900
40 >,050
1,410
1,500
116,130
780,3971
48-;,033
109,494
2,890
531,1-0
456,700
5.006.615
4,848,050
901.275
501,225
5.520.8SS
13,80 t
29,400
271,00 I
849,000
56,790
58,370
723,509
2,873
28 220;
(5,951
2o.313
35,78?
10.000
240,575
•
f 0).
500
117,510
4,022,800
91,350
01,5) I
5(1.350
(11,5)0
011,195
(533,!H5
1 -<'3;
497,8(53
1882
Since Jan. 1, is-j 4.015,742
Since Jan.
1663
1.209.017
Since Jan. 1, 1.882, 3.070,1543
378,130
208.(5 40,
1,056,(562
1.07(4,411,
.
3.431. .6051
2,555,314;
10,305.973!
21,72.8.100!
15,310,121!
decrease in
a
1883.
be
a
small increase in
The Cincinnati Wash¬
mentioned
too, as a rule fall behind.
422,980
Wisconsin roads,
The Milwaukee Lake Shore
Northern, however, have a
<k Western and Milwaukee &
■
small increase.
1
1
The Pacific roads do
1
3.135,970
the Iowa division of the. road,
-on
for the first three weeks of the month.
42.000
401,055
{
Total of all —
1S.81
2,150
1
ISSJ
Since Jan. 1, issi
Since Jan. I, 1863
Duluth—
4 wks., J une, 1S81
4 wks., J une, lsS3
Sines Jan. 1, lsstj
Since Jan. 1, 1683;
2,883
15,102
< .
smaller movement of
Baltimore (former Marietta & Cincinnati)
as having quite a heavy decrease—
to
$2*7,304, or nearly 19 per cent. Michigan roads—par¬
ticularly the Flint & Pore Marquette and the Detroit Lan¬
sing «k Northern—make poor exhibits. The former had a
large gain in 1883, but the latter had a small loss. The
Chicago. & West Michigan', which then recorded an in¬
crease
of $19,193, now records a loss of $8,877.
The
Marquette Houghton. & Ontonagon appears to be doing
better in its mineral traffic; for its earnings, after falling
off over $81,000 in 1883, now exhibit a gain of $35,000
•
469,298
8,310,301
2,8 07,005
a
J Louis Alton & Terre Haute also has
1,5-11.088
|
this loss
As to
404.200
1884
2,722,084
'
doubt is to be ascribed to
1,307,302
!
Peoria—
4 wks , j une.
4 wks., J une.
4 wks.. J mi»,
150.110
855.97(5
2<5,(4S)0,915 1.6.2; M, 494
4,299,034
3,700,93 4;-
j
1,180,17(5
951,95)7
3,658,29(5
3,844,813
Cleveland—
4 wks., J une,
4 wks.. J une,
(bush.)
30,980,733 14,371,271
(4.04 6.0 20
rather
remaining earnings, we are told, is usually
consumed by operating expenses and in making better¬
ments, etc.
As showing of how little importance the loss
on this division is, we
are informed that while up to the
end of May gross earnings had diminished $97,437, net
recorded a reduction of less than $7,000, there having
been a loss of $41,163 in operating those lines this year
against a similar loss of $34,364 in 1883.
The roads in the territory east of the Mississippi and
north of the Ohio rivers, nearly all make an unfavorable
comparison with last year. Among these the Cincinnati
Indianapolis St. Louis & Chicago, the Cleveland Akron &
Columbus, the Indiana Bloomington & "Western,.and the
Alton
Terre Haute (branches), had gains last year—in
every case except the last larger than the present decrease.
The Peoria Decatur & Evansville, which had a decrease
then, now has an increase; while the main line of the St.
Dye,
Parley,
\ (bush.)
no
was
whole of the
1
•4
4 wks., .1 nn«,
4 wks., J une,
Since Jan. 1,
Since Jan. 1,
Oats,
(bush.)
a
by the company's officials that it is
of comparatively, small importance to the Illinois Central
stockholders, since that division is operated for a certain
percentage of the gross earnings (36 per cent), so that the
rental diminishes with the earnings, and moreover the
28, AND SINCE JAN. 1.
81.302
193,050
1,895,374
5,400,920
3,793,887
4,588,096
—
4 wks., Juno,
Corn,
(bush.)
oats reached
however, it is claimed
!
159,318
1 90,9 54
1.521, SI'S
4
Detroit
!
Wheat,
(bush.)
cereals except
light. -If we compare, for
instance, with 1881, we find receipts of wheat of 6,185,647
bushels in that year, against only 3,125,970 bushels in the
present year, and receipts of corn of 10,383,360 bushels,
against only 8,303,432 bushels this year. As Chicago sus¬
tained the bulk of the loss indicated, it is perhaps not surprising that a road like the Northwest should have smaller
earnings in 1884 than it had in 1881.
The roads running south from Chicago—tlie Chicago &
Eastern Illinois, the Evansville & ./Terre Haute and the
Illinois Central—all report reduced earnings.
The loss on
the latter covers the entire line from Chicago to New
Orleans, and no doubt a good proportion of it was made
on the southern end of the system, since the road delivered
only 518 bales of cotton at New Orleans this year, against
4,628 bales in .June, 1883. The Illinois Central also loses
on its Iowa lines, which are separately reported, and the
is
1
Flour,
| (bbls.)
all
aggregate than in 1883, and the larger part of the
Chicago. From a line at the end of the
1882 the movement
form.
!
that
table, giving the movement in the corresponding period of
1882, it may be supposed that the totals last year were
unusually heavy. That inference, however, is not correct.
The fact appears to be that both in the present year and in
only $142,000,
instead of $255,000 as given.
The St. Paul & < > mail a
road, now controlled by the Northwest, has a small increase
—$20,( 00—for.the month, in addition to an increase of
about $70,000 in 1883.
Minor roads in the Northwestern
section, like the Burlington Cedar Rapids & North, and the
St. Paul & Duluth, generally have a decrease this year, the
latter smaller than the incraese last year, while the Central
Iowa, which in 1883 fell $7,000 behind/'now records an
increase of $8,400. The St. Paul Minneapolis & Manitoba,
on
the other hand, which, as we have before stated, is
affected adversely by certain circumstances and conditions
peculiar to itself, has a continuous decrease. The road
lost $92,579 in 1883, and now loses $81,508 more, so that
its present earnings of $682,330 compare with $856,417
only two years ago. \\re have above remarked upon the
smaller movement of grain this year, and the roads situ¬
ated in the Northwestern section of the country evidently
must have been the heaviest sufferers thereby.
To show
just what the movement was in the present, as compared
with last year, we give the following table in. our usual
RECEIPTS FOR FOUR WEEKS ENDED JUNE
see
loss occurred at
items
these
we
rvoL. xxx ix
8,901,432 0.201,767
9,(575,450 5.355.517
5,555,094 3.184,(5(50
50.770,513 29,787.3 45
55.937,517 24,587.748
42,747,304; 18,949,852
190,358
852,800
2! 7,071
5.471.004
7,097,0:1.8
4,382,105
253.082
518,918
131,870 i
1,570.497
2,379,983
1,009,008
I
themselves.
give a very good account of
The Canadian Pacific, on mileage increased
not
miles, losses $32,000 in earnings/ The Central Pacific
reports the large diminution of $340,226, in addition to a
700
July
THE CHRONICLE.
12,18$*.]
■
l
:
-
-
37
•
that it total since 1880. There are some roads, like the Mobile k
has earnings of $1,780,000 in 18S4 against $2,229,000 in Ohio, which have an increase now. after a decrease in 1883,
The Northern Pacific has quite a considerable, im¬ and others that have a continuous increase, like the Mem¬
1882.
provement; in amount, the increase exceeds that of any phis & Charleston and Florida Railway & Navigation; but
other road in our list, and yet the total is much smaller than such leading line3 as the Norfolk & Western, Richmond k
in the months immediately preceding.
Among the east and Danville and Chesapeake & Ohio attract attention chiefly
west trunk lines the Grand Trunk of Canada is the only because of their falling off now, after a pretty constant
representative in our list, and that shows the heavy loss of increase in preceding months. AVhat is particularly note¬
$229,000, or 1G per cent.
worthy about the Gulf Colorado k Santa Fe, which has a
The roads running to, or connecting with, 'the South¬ decrease of $11,372, or nearly 9 per cent, is that about
west, make perhaps the most favorable exhibit of any in half of it occurs on the passenger business.
In the exhibit for the first half of the
our list, and yet in one case at least the contrast with other
year, it is easy to
see
recent periods is not altogether satisfactory.
that
are
there
In fact, the
many unsatisfactory returns.
The
Grand
Trunk
of
Canada
has
a
Chicago & Alton has a decrease—only small, to be sure—
very large loss, as have the
Lake
for the first time in twenty-four months.
Shore
and
the
On the other
Michigan Central, and Northwestern
roads
do
as
a
rule
not
hand, the St. Louis & San Francisco continues its upward
compare well with 1882, while the
Central
Pacific
stands
and
course,
has a gain of $78,068, or nearly 3p per cent,
only second to the trunk lines in the
for the month.
The Kansas City Fort Scott & Gulf, and amount of decrease reported.
And yet there are other
its Memphis connection—particularly the latter—like¬ roads that make very good exhibits and help to retrieve
wise record very noteworthy improvement.
AVe have also the showing to some extent.
Thus without the large
been favored this time with the figures of Air. Gould's gain of almost 2.4 million dollars by the Northern Pacific,
Southwestern lines, and. with the exception of the Texas the table would show a net decrease of over 4 y millions
Pacific, it will be seen that they all make large gains on instead of only 2J millions, and such roads as the
last year, which is the more remarkable since the same St. Louis k San Francisco, the Rochester &
Pittsburg,
and
roads also had made heavy gams in that year.
in¬
nearly
roads
which
For
all the Southwestern
our table
stance, the Missouri Pacific, combined with the Iron Moun¬ contains have also contributed to make the result much
tain, records an increase of nearly $98,000, in addition to more favorable than it otherwise would be. In some
an increase of $125,000 in 1S83, and the Missouri Kansas
degree a few of the Southern roads have also tended to
& Texas, together with the.International & Great North¬ swell the column of increase.
On the whole, however, the
ern, an increase of $78,000, in addition to that of $109,000 roads in our table that record a decrease are more con¬
a
year ago.
On the other hand, the Texas & Pacific loses spicuous than those that record an increase, and it can
$113,000, while in 1883 it had gained only $59,000. This hardly be said that the half year has been a generally sat¬
road suffered in a double way; first, by the generally bad isfactory one for railroad traffic.
The following is the
weather and floods that prevailed, and, secondly, by the table, giving full particulars.
GROSS EARNINGS FROM JANUARY 1 TO JUNE 30.
smaller movement of cotton (remnant of last season’s crop).
On this latter point the following table of the receipts of
Name of Road.
1831.
Increase.
1883.
Decrease.
the staple at the leading Southern outports will give an
$
$
I
$
1
$
similar decrease of about $100,000 a year ago, so
'
Burl. Cedar
idea of the smallness of the movement.
RECEIPTS OF COTTON
AT
SOUTHERN
to JUNE
PORTS
IN
June.
Since
bales.
Galveston
14.017
8,178
Mobile
Port Itoyul,
1832.
Chicago Milw. At St.Paul
tn*S,400
10,428.000
Chicago At Northwest....
10,570,590
331,842
118,051
Chic.St.P.Minn.At Oihalia
2,654,344
Chicago At West Mich
764,031
1,110,153
174
22
828!
3,249
20.088
420,508;
7'1,380
7 US
1,727
3,445
56,150!
99,331
2,781
321,384
(59,553
15
45
10
17,01 o'
0,175
S 579
0,320
7,72(5
111,701
232,802
172,938
(0
1,5(52
200
502
0.8S5
90,813'
100.107
2,972,
14,802
104,073
1(5,771
37,50(5
0,0(50
10.802
290,130
Brunswick, &c
25
.\
130,290!
2,411
1883'
22,353
3,414
Charleston
|
1,747
.
2,72(5
<5:3
140
20
Wllminpton..
47
505
380
Moreliead
74
200
2.S07
9,045
1,50.7
1,848
9,(W5
1,231
10,1531
(50,075
52,033
Acc
3,354,501
Chic. At. Eastern Illinois.
1
Florida
Savannah
1.884.
324.301
Chicago At Alton
January 1.
5,448
Indianola, Acc
New Orleans
1882.
606.080
10,176,000
1,703,247
Chesapeake A: Ohio
Eliz. Lex.A: Biir Saudy.
Ports.
1883.
1,278,743
2,104.71: l
Central Iowa
Central Pacific
JUNE, AND FROM JAN.
30, 1884, 1883 and 1882.
1884.
Rap. Ac No..
Canadian Pacific
9,470
Cin. Ind. St. L. Sc Chic.
Cin. Wash. At Baltimore.
Cleve. Akron. & Col
Dos Moines .V Ft.Dodge*
Detroit Lansing Sc No*..
Evansv. Sc T. JIauto
Flint At Pore Marquette.
Florida R’y At Nav. Co..
Ft. Worth At Denver
Grand Tr. of Canada!
Green Bay Win.At St. P..
Gulf Col. Sc Santa Fe....
Ill. Cent.fli!. line At So.D)
Do
(la. leased lines)
Indiana Bloom.Sc West..
Kan. City Ft. S. At Gulf*.
Lake Shore A: Mich. So..
Little Rock Sc Ft. Smith.
Little Rk. M. R. Sc Tex..
.
703,578
225,60 1
149,061
642,681
327,610
1,211,495
518,70 i
21(5,500
7,068,503
...
30,800
..
City, Acc
Norfolk
West Point, &c
Total
*
2,332!
145,009j
no
57,023;
70,27(5
107,708
57.007
1,053,412
2,063,9 j7
1,10(5,050
♦
Galveston thus received
only 8,178 bales of cotton this
year, against 14,617 bales last year, and the total move¬
ment at all ports reached only 19,153 bales, against 60,675
bales in 1883 and 52,633 bales in 1882, and as much as
95,776 bales in 1881.
In view of; this falling off in this
their chief item of freight, it is perhaps not surprising that
many of the Southern roads, which heretofore have made
such favorable exhibits of earnings, should record more or
less loss.
And yet this same influence was at work in
previous months, without producing an equally unfavor¬
able result.
The inference is,
elements—such
sion—-.that
have
as,
that there
some
other
for instance, general business depres¬
exerted
to be confirmed
an
adverse
effect.
This view
by the fact that the Louisville &
exclusively a cotton-carrier—this
time has a decrease in earnings, though last year its June
figures had also recorded a large decrease to the smallest
seems
Nashville—which is not
707,658
4,307,613
702,02 c
Long Island
Louisville At Nashville..
Marq. Houghton AiOnt.*
Memnhis At Charleston*.
Mich Cent. Sc Can So...
Mdw. L.Sliore Sc West’ll.
Milwaukee At Northern.
Mobile At Ohio
Norfolk Sc Western*...
Shenandoah Valley* ..
Northern Pacific
Peoria Dec. At Evansville
Richmond At Danville...
Char. Col. At Augusta.
(7*>1. At Greenville
West. Nor. Carolina...
Rochester At Pittsburg
Sc.L.A.AtT.H.main line*.
Do
do (branches).
St. L. Ft. Scott At Wicli..
St. Louis At S. Francisco.
St. Paul At Duluth
St. Paul Minn. At Man...
Wisconsin Central*
o
.
are
170.841
Total (55
Net decrease
*
roads)
2,226,502
577,825'
1,79 G, 8 59
316,627
3,805,570
10,686,938 !
10.8.88,015 !
260,938
1
318,316
290,130 !
9,200
47.979
865,837 I
250,431 j
130,542
(.05,136
83.007
!
1,158,132
........
i
l,262,i ;(>2 !
441,022 i
163,700
9.032,370
101,021 i
836,700
!
72,259
24,827
9,419
'
52,455
338,238!
10,592
50,507
77,7C!)
52,800
....,....
1,063.87 6
20,180
39,042
4,069,667
1 62.05 l
030.52 ;
137,(501
165,893
7,330,000
9,210,171
225,405
154,330
3,127,055
6,564.571
242,034
262.523
1,88-1,271
17,529
30,957
185.287
1,092,815
6,375.3 -.3
22 >,652
541,00 7
6,740,000
34,2 10
180,183
78,553
85,7 56
........
1.136,500
475.813
50,082
........
255,423
2*29,600
25,733
........
072,155
963.146
0.009
1.205,036
1,161,222
13,314
334,237
337,844
5,938,218
.363,284
1,825,102
3,531,060
333,089
20.205
60,296
357.899
393.779
208,855
366,045
146,36 4
100,034
518,002
652,740
378,591
223,452!
2,118,966
495,734!
3,657,518!
682,672;
3,607
2,407,188
1,764,806
210,209
663,294
........
35,880
67,990
44.57
307,703
10,515
393.318
14.757
89,585
133,867
1,696,972
421,601
........
514.003:
18,361
3,912,542;
255,024
636,171
110,609,549; 112,965,015
Includes three weeks only of June in each year,
January 1 to June 28.
t From
1,069,125
88,612
7,76 1
53,082 j
2,363,005
754.74 1
2,115
31,790
89,161
i
787,307
1,387,514
835,060
627,663
5,603.500
525,895
•
11.5 15.125!
1,221.621
1.007,58.3
301,205
*
1.289,858
46,501
4,831,026 7,186.492
2,355,466
3881
THE
CHRONICLE.
(Vol. XXXIX.
Net
earnings for May are also unsatisfactory. Not to
June.
Jan. 1 to June 30.
Name.
lines, pretty nearly all the prominent roads
Gross
Net
Gross
(derating
Net
Earnings Expenses. Earnings Earnings Earnings
reporting show decreases, in some cases very heavy in Mobile
& Oh
*
*
*
!
*
amount.
The exhibit of the Erie,
130.243
125,000
5.243
972,155
214,390
recording net of only J 8s4
123,727
107,108
16,619;
963,116
212,957
$294,573 for May this year, against $031,055 in May last Rieh**iuud& Danville—
251,*19
170,270
81,549
1,825,102
1883
258,691
193,339
65,352
1,764,806
year, is worse than any one claimed or expected it would
be:
The Atchison Topeka & Santa Fe also sustains a
April. ■■■
Jan. 1 to Apl. 30.
very
Name.
Gross
Net
Gross
Operating
Net
heavy loss in net, but in that case, as we state in another
Earnings. Expenses. Earnings. Earnings. Earning(’•
column, the loss is due to the augmentation of expenses Fi;nt <t Fere Marquette—
*
$
1
$
1S84
216.718
185,281
811.888
81,464
275,742
occasioned by damage done the road through floods.
1883
237,517
13-1,179
Like
103,338
826,016
274,213
the Atchison, the Burlington &
Quincy has smaller net, but
the decrease is
comparatively trifling and altogether insig¬
THE GLADSTOXE CABINET AXI) TIIE LORDS.
nificant when we bear in mind that tiie
gain last year had
been over $234,000. The Cincinnati
The event of the week, so far as
Indianapolis St. Louis
foreign affairs are
& Chicago has a small gain in net, and the Louisville &
concerned, has been the rejection by the House of Lords
Nashville a small loss, referred to last week. The Nashville of Mr.
Gladstone’s Reform Bill.
The event is all the
Chattanooga & St. Louis makes a pretty good showing, and more important thaiitwas not
unexpected and that the
so does the Rome
Watertown & Ogdensburg.
The Penn- Lords had been warned of their danger, if they should prove
svlvania has only a very small increase in net,
but as this is so unwise as to place themselves in opposition to the pet
on a decrease in
gross, it is not unsatisfactory, ami we measure of the Government.
It can scarcely be said that
alluded to that fact when the figures were first
the
House
of
Lords of late years lias been
published.
proverbial for
The Northern Central and
Philadelphia & Erie, however, its wisdom; but it is hardly wonderful that such a proud
both Pennsylvania lines, fall behind a
year ago.
The only and venerable body should resent the threats which were,
positively favorable report is that of the Northern Pacific, we think, very unwisely made, and should in
consequence
with its $577,402 net this
year, against $206,4 05 in May, of such threats all the more
willingly
and all the more
1883.
Below are the returns of all roads that will furnish
resolutely give expression to its convictions. The majori¬
monthly exhibits for publication.
ty 205 to 140 which sustained Lord Cairns’ motion
mention minor
o—
a
*
1
.
........
'■
.
’
post¬
Mag.
Jan. 1 to
Name.
Gross
)pe rating
|.
Net
May 31.
Gross
*
-
18*4
1883
Burl.Cedar Rap. & North.—
1834
1883
Chicago Burl & Quincy—
18.'* 4
1883
Cin. Ind
1SS4
1883
St. Louis & Chic.—
Denver & Rio Grande—
*
58.2.690
762,925
221.573
57,457
2l‘8.07J
10,4,116
157,760
1.081.127
1,153.49s
2,01*9,872
1,128,110
205,585
203,540
125,402
129,508
508.754
1884
1883
Fast Tenn. Va. it
1SS1
020,018
24,910
2u,014
3,013,543
1.072.325
50,912 I 1,004,242
309.058
266,430
822,620
881,756
422,664
■108.559
9.538,83.)
0,467.2*7
80.183
,
7(5,032
:
146,090:
7,159
20.003
24,717
1883..
Louis—
681.133
474.976
1,0(52,318
5.523.880
583,230
1."60.192
479.118
5,281,(577
2,005.627
6,427,9(53
1*S3
N. Y. Lake E ie it West.*—
1884
1883
N. Y. & New England—
1884
1883..
Norfolk & Western—
1884
1883..
...
Shenandoah Valley—
575,085
4 3,510
1(57,139
190.751
105,432
17I,(J7‘.»
95.121
>5.319
Tb .BlrS
1,015.3(5
2.0^5/JSS
1,320.701
1,424,933
'
1
*1,055
411.410
7,901,944
8,. ('9,916
1.223,6*9
2,145,119
,273.7< 2
.303.035
22 >.607
215.089
•
5
1
.635
1.307.9(58
57,946 1
'
f
202.430
205,6(53
72,4 IS
Northern Central—
1884
1883
477,818
403.133
Northern Pacific—
1-84
1883
1,287,805
Oregon Improvem’t Co.—
1884
1883
Ore ’6u Ry & Nav. Co.—
18-4
1883
Penn, (all lines east of Pitts¬
127.136
125,901
1
.
75,300!
Philadelphia it Erie—
1884
1883
79,762j
1,062,033
1,005,825
401,496
55.301
5 -.522
(5,1991
Is,926
294,164
30.121
286.25Jj
25,725
283,491
287.057
194,357
212.016
2.203.62
•
2.4(58,450,
!
Philadelphia^ Reading i—
..
517,402
266,4 55
4.842,4(53
2,701.40
1,985,142
648,019
312.080
3(51.019
220.235
225,887
92.445
135,132
1,382,360
284.00(5
1,165.787
419,475
485.114
439,001
215,326
225,460
139.81s
213,5 .5
1.7*0.721
616.002
1,907,970,
851,734
4,207.17 i
4,303 006
2.6 7.(570
1.639.494
19.427.075
2.604.332
1.608.674
lj
Rome Wat. & Ogdensburg
..
...1
1884
1883..
West Jersey
1884...
....
188*
*
3(53,359
101.071
1.324.111
1,59 s. 46 s
136,421;
1.884 757
1.105.772
1,696.877
1,628,090
77S.9S.5j
668,787,
943.185
533,2' 2
409,933;
1,882 2 9
1,395,05*
i
1
9(5,123
1,5,19 i
8.5.2''0
42.8415
46,544
;
41.233
651
11
97,671
7,029,216
7,339,684
455,020
571.650
7. 6 .412
3.0 13,322
8,155.371
3.410,396
4,lt'8<4'*9
1.545,589
i
2.007.332 df. 125.113
1,-408,550 d .13,49.
137.350
125,8 45
—
2,414
51,127 I
5.970.562 df. 315.908
5,023.070
5!*, 732
599.0S3
5XVS71
140,2S0
10,550
"
3.ss,4 *1
142.174
494,650!
256,770
I
103.9(59
i'2 413
includi
195,779
226.938
1
20.195.708j
I
lion—
1884
1881
811.714
899 310
710,463
523,4s 1
—
18S4
1883
417,35(5
789,940
296,853
Utah Central—
220,021
93,808
1,358,629
burg A Erie)—
18-4
188*
1 8*4
188*
390,9.-5
•
.
69.056
62.390
33,9 3
30.014
415. *33
3(59.161 (
152.203
120,291
ig Soul hern Kinsasiuhot h yours.
+ Including t<■ 18S4 OS per cent o»f
earnings jin>i o.’itiic working expanses of the
Now York Pennsylvania A Oino Ha lroad.
t Not em racing lap rations
f Contra of New Jersey.
§ Not Including International & Or eat
r- Including Iron Mountain.
Northern.
London,
a
Conference of the Powers
now
assembled in
assembly convened at Mr. Gladstone's own
request, the attitude assumed by the Upper House must
be to the proud and sensitive Premier a cause of
peculiar
irritation.
What will he do in the premises?
Mr. Glad¬
an
stone is not
absolutely shut
to
up to
one course
for him to submit
make
to
of conduct.
the action of the
the
required provision for re-distri¬
competent for him to drop-'the measure for
the present, altogether.
It is competent for him to advise
her Majesty to dissolve Parliament and to order a new
bution.
it is
election.
It is also competent
for' him to put forth all the
strength which the Constitution allows him, and to force
the Lords into obedience.
What the Prime Minister may
do it would
hardly be safe, in present circumstances, to
When we consider the
feeling
been* evinced already by himself and his col¬
declare with confidence.
which has
leagues in office, we feel as if we were barred from the con¬
clusion that he will either submit to the dictation of the
Lords or abandon the Reform measure.
Nor is .it con¬
ceivable that Mr. Gladstone in the present
complicated state
of affairs can have any desire to
appeal his case to the con¬
stituencies:
-
He will be able to do
so
with better grace—
presumably at least.—after the conference has done its
work; and if the Reform bill were passed, he would cer¬
tainly be able to count with greater.confidence on success.
It is the main object of the bill to strengthen
the liberal
cause
throughout the three kingdoms, and we may rest
assured that
nothing but. absolute necessitv will induce the
Premier
court
to
the
judgment of the people until the
Reform Bill shall have become the law of the land.
The last
,
With
Lords, and
983,224
931.329
!
201,573
(5
embarrassing, and, from the point of view
ministry,
unfortunate.
It
is
perfectly
as
the
It is competent
|
1
01,400
x
759 {)<»:*
93(2
i
18*v4
I8s3
Phila.it Read. Coal
9
2,491,230
.
Lords must be
538, *90
513,813
1.150.109
19!
the
.550,409
1.530,393
360.005
of
10,579
101,72>!
551.925
action
113,738
,
18M
regarded
of
this
ures.
i
.
otherwise,
33.101
181,435;
.
is situated
132,2*4
,
::::
shows that
375.528
283,157
-
re-distribution of seats,
the House is very decided in the view it has taken.
In the peculiar circumstances in which the Government
930,721
4.9131
d 1.4,(573 :
|
Central of New Jersev
4,436,859
until proper pro¬
2,(592,426
99,7(5!
1884
a
2 450.715
195,700
—
made for
plain that Mr. Gladstone cannot carry on the affairs of the
British empire with a House of Lords
resisting his meas¬
295.401
1883.. Missouri Kan. & Texus§—
1884
1881
4.1 16,229
912,-40
958,203
21
Georgia—
A St.
j 0,10 7,9li9
i
1
1S84
Nashv. Chatt.
1884...
*
1 6,392.780 3,083.414
ge—
1883
Louisville it Nashvi.le—
Missouri Pacific*!
*
760,672
551,9.13
...
1884
1883
De* Moines & Ft. Do
*
1,343,3(52
1,314/313
was
Net
Earnings Expenses. Earnings. [Earnings. Earnings
Atch. Topeka & Santa Ke*
poning the extension of the franchise
vision
its
course,
which
we
have
suggested, in spite of
revolutionary character, and the drastic
measures
with
July 12,
THE CHRONICLE
1884.]
which it must
be
accompanied, cannot be without its
re¬
Commercial English Hews
commendations to Mr.5 Gladstone in his present
aggressive
mood; and his latest action seems to point in the direction
indicated. The situation of to-day is not without a
parallel
in British history; and strange to
say the most exact
parallel is to be found in connection with the first Reform
Bill—the bill of 1831-32.
AT LATEST DATES.
EXCHANGE AT LONDON-June
(hi-
Amsterdam
might have in the Lower House, it would be certain to
rejected by the .Peers.
Earl Grey was then Prime
Minister.
Ajt
his
suggestion, the King, William
l\r., in order the more effectively to secure a balance of
parties in the Upper House, created a batch of sixteen
new Peers, who had
already taken their seats before the
bill passed to its second
reading in the (’ominous. Jn spite
of this preparatory action, the bill
was immediately rejected
by the Lords. What was the course then followed ?
Parliament immediately- sustained the
ministry by a vote
was
.
Amsterdam.
Hamburg...
Berliu
be
.It
Rate.
•
EXCHANGE ON LONDON.
Latest
Time.
j Date.
Rate.
1
known that whatever chance
it
of confidence.
Time.
27-jl1
When Lord John Russell’s bill
well
was
RATES OF EXCHANGE AT LONDON AND ON LONDON
Frankfort...
Vienna
Paris
Paris
St.
Petersb’g
Genoa
Madrid......!
Short. 122*4
3 mbs. 124
20*61
June 27 Short.
12*11 hi
IJuue 27 Short.
4*
2062
ft 20-66
iJune 27
4
20*62
@20-66
June 27
44
4t
12 *32 *2 3* 12*35
•lime IT
a
25*37 *2 3>25*42 *e (June 27 Checks
Checks 2 5 * 1S \ @25*23 *4 June 27 3 mow.
3 luos.
23*s@2358
44
25*41 *4 3 25*4614
20*43*s
20*42*2
n
•
44
4691Q (V461 *14
.46'*], @46* * jo
44
Alexandria,.]
Constant’ple'
51
Shanghai
...
15i,3@52
Lluiio
40*i6@49r*
Is.
44
m
m
m
10
7VI.
Is. 7VL
*
3
27
nlos.
....
3 ii.os.
Cables.
jjune 27
jjuue 27
4
110 25
4*b3*4
Is. 7VI.
Is. 7 VI.
•
<4
(June 27
3s. 9d.
5s. 1 3id.
i
then.prorogued'to allow ministers
I From
to
prepare a new measure.
When the House re assembled
the new bill was welcomed and
pushed forward by larger
our owu
24*i6
527e
June 27 4 liios.
«•
'June 27 J
m
20*42
12*19
25 19
,
June 27
....
New York... On dem
Bombay .. ..i 3o days
Calcutta'.,
j
Hong Kong..|
@12*4*o
ft 20-65
a
44
Cadiz
Lisbon
@12*3*4
a
1
introduced it
was
39
correspondent.J
London, Saturday,. June 28, 1884.
This lias been a very distressing week, and there has been
On reaching the Lords
much anxiety.
The fortnightly settlement on the Stock
the bill was read a first and second time
by the barest pos¬
Exchange has been completed with but only two failures, and
sible majorities.
Its third reading was seriously threat¬
these have not
majorities than, its predecessor.
ened.
As
soon as
a
the debate commenced ministers found
been for any considerable liabilities.
attended by a
deplorable result,
difliculties
only reaching their zenith
One
was
that of suicide; but it is a very
minority of thirty-live. Ministers, how¬
remarkable fact that, in spite of the serious fall in
prices which
ever. were resolute.
The- King’s consent was obtained to
has been continuous and
protracted, so very few should sus¬
the creating of as
many new Peers as should be necessary
pend
payment.
It
is,
however,
contended by many that our
to the passing of the lull.
Dreading such intrusion the
themselves in
a
,
Lords gave way,
and the Reform Bill became law. Mr.
Gladstone.and his colleagues to-day have the same remedv
at hand which Earl
Grey and his colleagues had in 183132.
Tt. remains
to be
seen
whether the remedv will
be
resorted to, and what action the Lords will take in the
emergency.
The entire situation has
relation to the
ever
had
there
cause
was
a
special interest viewed in its
Upper House of the British Parliament;
a
If
time when the members of. that House
to be
fearful of
said
House in
sort
are
of miracle
can
prevent
a
crisis.
now,
and that only
a
It is maintained that
matters on the Stock Exchange have been
only propped up,
and that it is doubtful if that
arrangement can be continued.
We appear, therefore, to be
largely dependent
to the future upon an immediate
improvement in
of business,
lienee the
with respect
the condition
question to. be Considered is whether
there are hopes of immediate improvement.
There has been,
and there is still, much in favor of such a
change, hut in the
past, cheap money and favorable crop prospects, together with
prices for the leading necessaries of life, have failed to
give any stimulus to the general condition of business. That
low
coming into violent collision with
Commons, there is certainly need for such fear now.
condition of things is unaltered.
We seem to be almost
The feeling has long been
general outside of the House that assured of a good harvest,
especially of wheat, aiul the money
it had outlived its usefulness, as at
present constituted, and market is still very easy. But at the same time there is greai
that, if it would survive as a useful branch of the Govern¬ indisposition shown to operate, and, as stated, much anxiety
ment, it must undergo some -radical reconstruction. Within exists regarding the future. Many believe that the misman¬
agement of Egyptian affairs by the existing government has
the last few days this feeling has found forceful
expression
been the cause of the depression. There is no doubt of the
in the House itself.
It is only two weeks ago
since Lord fact that this lias been an adverse
feature, but there is more
R-isoberry, a young and promising Liberal Peer who. has reason for believing that over-production has led to
unprofita¬
evidently at heart the welfare of his order as well as the ble results. The stocks of food, raw materials and manufac
welfare of his country, moved for the nomination of a Select tured goods are still very heavy, and will have to be sold at a
loss: but somebody, it would seem, must be benefitted
Committee “ to conside” the best means of
by goods
promoting the
and produce pressed for sale at low
prices.
efficiency of the House.” Jn the course of his remarks he
In
the
exhibited
attitudes
so
ridiculous
as
to
the money market there has been
and the rates of discount have been
a
great want of activity,
decidedly
easy,
though
compel their Lordships to laugh at their own expense, and during the last two days, with some tendency to
improvement,
openly and unqualifiedly declared that as an effective branch any such tendency is speedily checked by the very cautious policy
of the Legislature it
compared unfavorably with the believed to be a necessity. The Bank of England return shows
no
change of importance. The proportion of the reserve to lia¬
American Senate.
Although the motion was negatived, it
bilities is unaltered at 46*89 per cent, and there has been some
was
very evident that the Lords felt that a change was im¬ addition
made to the supply of gold held by the Bank of
Eng¬
minent.
“ Our institutions,” said Lord
Salisbury, “are at land, owing to the return of gold coin from provincial circu»
this moment in the course of a somewhat
rapid evolution, lation. A good deal of money will now be required to meet
and changes_are taking place, not
perhaps in their form, the half-yearly expenditures of the country, to pay salaries and
“but in their substance, their relations, and their essential to meet harvest requirements. The Continental markets are
dearer than our own, and there is
consequently some prospect
“power.” He further confessed himself in favor of the
of improvement.
There
a belief in some quarters that
is
also
creation of life peerages in limited numbers.
In view of America will want
gold, but this is doubtful as the
the existence of such feeling, the present crisis is rendered
price of wheat is so very low and crop prospects here and
doubly interesting.* The reconstruction of the Home of I ou the Continent a e at present brilliant. Tills will be very
Lords, it is evident, will be an accomplished fact in the beneficial to those countries which, even in good seasons,
are compelled to import, as
they will be.able to purcha^
early future, and if Mr. Gladstone had been a younger man,
what they require at a low price.
The average value of
there is no saving to what advantage, in this
particular ' English wheat is only 37s. per
qu arter, and the price of the
direction, he might have turned the present opportunity. 4-lb. loaf is only from fiv .pence to sevenneuee. That
price is
“
“
THE CHRONICLE.
40
likely to'be exceeded during the new season, as production
is great and
good. Assuming that the present weather con¬
tinues, our harvest will be both early and excellent. In fact,
throughout all the wheat-producing countries the promise is a
good one, and it would be difficult to point to a period when
prospective results were so uniformly favorable. As far as
wheat is concerned, there will be an embarrassment of riches,
but the protracted dry weather is shortening the crops of grass
and spring-sown corn.
The Stock Exchange settlement has not materially affected
the money market, but during the last few days the fall in tlie
New York sterling exchange has produced more firmness.
The rates are, however, very easy, but in previous years they
have-been lower than they are now.
The discount rates for
three months' bills have of recent years been as low as % to Jg
The quotation is now 1 7-16 to 1/2 Per
per cent per annum.
cent, showing either an improvement in business or a less
extensive supply of unemployed capital.
The Clearing House
returns exhibit more satisfactory results, excepting as regards
Stock Exchange settlement days.
Bearing in mind that values
are much reduced, a larger quantity of produce and manufac¬
tures should be changing hands.
The following are the quotations for money and the interest
allowed by the discount houses to-day and same day of the
previous five weeks:
[VOL. XXXIX.
Price
not
|
of Bold.
Price of Silver.
Jane 20. ! June 19.!
!
d-
*•
Bar gold, fine
Bar
oz.
gold, contain’g
20 dwts. silver..oz.
Span, doubloons.oz.
77
...
1136
.
D.S. gold coin...oz.
Ger. gold coin...oz.
the
per
70
i
Bar silver, flue..oz.
.
.77 1136
.
8. Am.doubloons.oz.
A
d-
*•
77 10
77 10
June 26. June 19.
-t
Bar silver,contain-:
j
.......
J
ing 5 grs. gold..oz..
Cake silver ...oz.
.......
I
Mexican
70
336
1
51U
54 H
dols...oz.i
Chilian dols...«.oz.
836
i
Portuguese loan for £10,2GO,000 has been introduced upon
leading European money markets this week. It is in a 3
cent stock and the price of issue in London is £50 10s. per
£100 stock.
ample supplies have caused the
extremely quiet. Millers are naturally
purchasing with extreme caution, as harvest is rapidly ap¬
proaching, and in the earlier districts of Europe is near at
hand. In the early districts of England the wheat plant has
passed through the critical step of blooming under unusually
favorable conditions. The weather has been almost cloudless and
breezeless, and only a continuance of such weather is neces¬
sary to insure an excellent and early crop. .The grass crop is
short, but is being secured in fine condition. The second crop
is expected to be above an average.
The Economist has the following information from its Con¬
tinental correspondent with regard to the crops:
Paris—A revised return of the wheat crop in France has
Interest allmved
Open marltet rates,.
been
issued by the-Department of Agriculture. To show how
for deposits by
Bank Bills.
far the estimates differ from the reality, it may be mentioned
j
Trade Bills.
Disc't TFse
London
Joint
that
the trade journals at the period of the harvest last year
7
At
to 14
Stock
Four j
Three
Six
Three | Four i Six
Call.
Banks.
Days.
Months
fixed
the probable yield at from 83 to 85 millions of hectolitres
Months Months Months Months
Months
1
134-134
of 2r>4 English bushels.
2 &2yH 2-m - 2340236 2J-4@2>{ 2540334
134
The reports read at the commercial
May 23, 236 13*02
1
134-1*4
136
80, 2U iim - 2 Q.2% 23402% 234023-f! 23-60 254 2540334
meeting held at Vienna, in August, put it at 92 and 94 mil¬
136 154-154
134
June
0j 2)4 2 0- 2340 -|aM@ - 23402 >4 234@2'>4 2->4@3M
lions; the first return of the French Department of Agricul¬
134
154-154
134
13, 2]* ! 7fi@2 2 0 —.2340 - 2340234 2'402?4 2340314
1
1
134-134
ture in October fixed it approximately at 102 millions; and the
20; 2
l?b@ ~ 1360156 2 0 - 15402 '2 @234 234@3
l
1
134-134
27 2
1560
1360156 l^@2 1140 —' 1540 - 2140234
definite return now gives it at 103,700,000.
Estimating the
stock on hand remaining from the crop of 1882 at 20 millions,
The following return shows the present position of the
and the balance of imports at 12,000,000, the total supply for
Bank of England, the Bank rate of discount, the price of
consols, the average quotation for English wheat, the price of 1883 was 135,700,000. Deducting seed corn and the consump¬
middling upland cotton, of No. 40 mule twist, fair 2d quality, tion, estimated at 11G,000,000, the probable stock is now
18,000,000 hectolitres. and the Clearing House return for the past week, compared
Berlin—The continued rainfalls and tlie unseasonable
with previous years:
1884.
1883.
1881.
1882.
weather are beginning to mark their influence on the pros¬
£
£
£
£
Rye and wheat are beginning to rot in
Circulation
25,315.320 25,473,995 26,070,945 20,954,040 pects of agriculture.
Public deposits
9,889,084
8,589,313
7,678,483
8,786,057 many parts, both in Hungary and Germany. Oats, beans,
Other deposits
28,790;i22 22,014,658 24,801,985. 27,343,043
14 908.400 peas and potatoes are in very good condition.
Go vernm’t securities. 13,613,513 13,314,898 13,780,079
The harvest
Other securities
21,991,216 22,402.086 22,509,727 23,0 9.0 >3
will most certainly be retarded two weeks by tlie state of the
Res’veofnotes & coin 15,375,895 11,734,900 14,059,996 16,030,879
Coin and bullion in
weather.
In Galicia, Moravia and Silesia, &c., the fertile dis¬
both departments.. 25,441,215 22,438,753 24,330,941 27,234,919
tricts
of
the
Tlieiss, much damage has been done by floods.
Proportion of reserve
to liabilities
46‘39
41*4
43 ;
44*8
In the following statement is shown the extent of the sales
Bank rate
2 p. c.4 p. c.
2^ p. c
3 p. c.
Consols
xdlOO
xdO.O^s
101
100^
of home-grown wheat, barley and oats in the 187 principal
Eng. wheat, av. price
37s. Od.
46s. lid. 42s. 5d.
45s. Oil
Mid. Upland cotton..
G:*ad.
5Hi«d.
6t:q,»d.
G:*led markets of the kingdom during the first 43 weeks of the season,
9^(1.
No. 40 mule twist
97sd.
lOqd.
10qd
together with the average prices realized, compared with 150
Clearing-House ret’n. 97,327,000 85,153.000 104,918,000 150,500,090
markets in previous seasons.
A portion of tlie season 1882-3
The Bank rate of discount and open market rates at the
embraced the larger number of markets:
chief Continental cities now and for the previous three weeks
SALES.
The brilliant weather and
wheat trade to rule
'
“
“
“
“
-
have been
as
follows:
1883-4.
Wheat
June 2d.
Bates
19.
June 12.
June
5.
Bank
Open
Bank
Open
Bank
Open ’
Bank
Open
Rate.
Market
Bate.
Market
Rate.
Market
Bate.
Market
3
Amsterdam
S
234
8
3
Brussels
3
254
3
234
254
214
254
256
3
254
8
234
236
254
23*
24
254
Madrid
5
5
5
5
5
5
5
5
Vienna
4
3%
4
356
4
S56
4
S34
St. Petersburg..
0
6
6
6
6
0
.0
0
Copenhagen.
4
4
4
4
4
4
4
4
Paris
3
Berlin
4
—
Hamburg
—
..
214
334
336
3
3
4
—
—
m
336
336
4
3
—
3
—
256
276
4
—
.
—
3
“In reference to the state of the bullion market during the
past week, Messrs. Pixley & Abell remark :
Gold still continues in demand for Spain and India. The “ Liguria
brought £19,000 from Sydney, principally Sovereigns. The Hank lias
sold £50,000, in sovereigns, for Lisbon, and £6,000 in bar gold for
India, and has received £16,000, in Sovereigns, from Australia. The
••Thames” takes £25,000 to Bombay.
Silver; which in our last was quoted 5034<L on Saturday, lapsed to
50 11-16d., at which price the arrivals per “ Magellan ” were sold; and
on Wednesday, owing to tlie drop of the Indian Exchanges and the low
price at which telegraphic transfers were sold at the Bank, a further
fall of l-16d. took place to 50VL. which we quote as tlie nearest price
to-day. The “Leibnitz,” from Brazil, brought £4.100; “Germanic,”
from'New York, brought £40,000; “Magellan,” from Chili, brought
£30,000. Total, £74.IcO. Tlie “Thames” takes £67,000to Bombay.
Mexican dollars were quoted on Saturday last at 50d. nearest, and
have since advanced *ed. to 50%L, but. in the absence of supplies and
the uncertainty as to the amount the Royal Mail steamer, due on 27th
inst. brings, the market is very quiet.
The
Barley
....
Oats
of
Interest at
&
June
...
quotations for bullion are reported as follows:
.l..qrs. 2,531,283
2,017,072
482,101
1880-1.
1882-3.
1881-2.
2.261,9 13
1,744.594
1,501.371
1,617,705
212,012
1,675,013
164,356
1,942.670
258,988
AVERAGE PRICES.
1883-4.
<(.
.<?.
1881-2.
a.
(1.
1882-3.
d.
s.
46
Wheat
3 L
Barley
Oats
20
..A
33
S
0
31
21
1
^1 5
7
8
4
1830-1.
s.. d.
43
1
32
7
24
0
Converting quarters of wheat into cwts., the totals for the
whole kingdom are estimated as under.
Wheat
1883-4.
cwt. 36,562,930
1881-2.
1882-3.
39,259,900
20,239,650
1880-1.
26,023,760
following return shows the extent of the imports of
produce into the United Kingdom during the first 43
weeks of the season, the sales of home-grown wheat" the
average price of
English wheat, the visible supply of
wheat in the United States, and the quantity of wheat and
flour afloat to the United Kingdom, compared with previous
The
cereal
seasons :
IMPORTS.
1883-84.
cwt. 40,825,634
55.486,045
Barley
13,069,683
14,502,763
Oats
Peas
Beaus...'.
Indian corn
Flour
9,759,385
1,496,281
2,179,665
21,775,819
12,337,904
1881-82.
1882-83.
Wheat
12,588,160
1,845.520
2,379,297
18,322,618
14,306,102
.
49,262,337
1880-81.
47,265.280
11,526,477 10,078,211
8,757,415
8,341,647
17,802,247
2,061,568
1,585,331
2,120,702
18,856,605 23,927,009
8,076,950 10,751,966
Supplies available for consumption (43 weeks), not
foreign produce on September 1 :
including
stocks of
mm
July 12, 1984.
THE CHRONICLE
j
1882-83.
1883-84
Imports of wheat. cwt.40,R25,K34 55.48*1,045
Imports of flour
12,337,904 11,306,102
gales of home-grown
47,265,280
8,076,950
10,751,966
produce
36,562,930 39,259,900
20,239,650
26,023.760
Total
89,726,468 109,052,047
77,578,987
84,041,006
41s. 7d.
46s. 7d.
43s. Id.
20,300,000
9,600,000
16,200,000
Av’ge price of English
wheat for seasomqrs. 383.104.
Visible supply of wheat
in the U. S
hush. 15,825,000
Supply of wheat and
flour afloat to United
1,835,000
2,385,000
Kingdom..quarters. 2,170,000
The following are the estimated stocks of wheat, flour and
Indian corn afloat to the United Kingdom. Baltic supplies are
not included:
3.2176—The
At
Wheat
Flour
Indian
227,000
419,000
corn..
The
Last
Last wecl:.
1,949,000
221,000
present.
qrs. 1,799,000
1882.
year.
1,931,000
183,000
319,500
1,725,000
182.000
314,000
405,500
clip of wool in this country is now secured, and is above
both in point of quantity and quality.
the average,
securities, &c., at London,
at Liverpool, are reported
follows for the week ending July 11:
as
London.
d.
Silver, per oz
Consols for money
Consols for account
Fr’cli rentes (in Paris) fr
U. 8. 4*25 of 1891.......
U. 8. 4s of 1907
Canadian Pacific
Chic. Mil. A St. Paul
Eri6, common stock
Illinois Central
Pennsylvania
Philadelphia A Reading
New York Central
Tnes.
50-8
50i316
99i5Ifi
99 78
5013R 50i316
99:5lfi
99 7q
1001,K 100
76-37*2 76*00
1 14*4
11438
122
122
■1534
71*4
1 4*4
........
106*2
Winter, South, n
Winter, West., n
Cal., No. 1
Cal., No. 2
Corn, mix., old...
9
“
“
Corn, mix., new..
“
“
7
8
7
**
“
5
Pork, West.mess..# bbi 04
33
Bacon, long clear
Beef, pr. mess, new,$ to 75
Lard, prime West. $ cwt 38
Cheese. Am. choice
i 48
s.
11
8
7
9
7
8
7
0
5
2*2
0
6
0
6
5
National Banks.—The
! 44*4
lib's
121=%
54%
11%
103*8
Tues.
Wed.
0
d.
0
7
3
8
6
0
5
5
64
39
75
38
6
0
6
! 47
6
3
0
8.
11
8
7
9
7
8
7
5
64
39
75
39
47
d.
0
7
3
8
7
0
5
3
0
6
0
0
0
50%
100*16
100*4
8.
11
8
7
9
7
8
7
5
64
39
75
38
46
76*45
114
123*8
45 *2
60*8
137S
121 %
5558
12*4
66®a
120*2
54r,s
125s
103*2
12*8
50%
too
68
1278
120*4
5 4 5s
ll7s
Thurs.
s.
11
8
7
9
7
8
7
2*«
0
6
0
6
6
104
102*4
d.
0
7
3
8
70
5
)
Fri.
99 78
76*22*2 76*30
114
115*4
123*8
122%
45
45*4
69
Mon.
d.
0
7
3
8
6
Wed.
1001,rt
!lll*4
122*2
5534
143rf
10538
Sat.
s.
100
,7605
14
........
Flour (ex. State). 100 Hr 11
3
Wheat, No. 1, wh. “
7
Spring, No. 2, n. “
1
122
45*2
71*8
123
Liverpool.
Thurs.
Mon.
Sat.
5
64
40
75
38
48
d.
0
7
3
8
7
0
5
Fri.
8.
d.
ll
8
7
9
7
8
7
7
3
8
7
0
5
0
5
64
0
40
0
75
38
49
2*2
0
6
0
2*2
0
0
0
6
0
new
Exports.
Week.
Groat Britain
.
Germany
$486,650
4,352,824
*
1,658,'>20
3,381.145
551,509
2,380,946
1,626.101
1,313.632
7.809
691.2 -<4
7,233
134,524
19,350
25,000
Total 1884....
$553,733
218,<890
18,125
32,400
29,837,169
16,932
$132,800
17,300
$5,917,284
$
Total 1882....
Silver.
Great Britain
France
German /
West Indies
Mexico
South America
All other countries...
Total 1884.
Total 3 883.
Total 1882.
650
751,358
$14,350 $37,721,579
Total 1883
517,286
79,766
32,146
20%817
46,173
83,990
$150,100
170,584
Since Jan. 1.
$26,465,248
West Indies
Mexico
8outh America
All other countries...
Week.
Since Jan. 1.
Prance
yoke..-
Imports.
Geld.
English Market Reports—Per Cable.
The daily closing quotations for
and for breadstuff's and provisions
by cable
exports and inroKTs ok specie at
1880-81.
1831-82.
49,262,387
41
$5,942,553
4,896,556
607,701
$1,068
37,052
20,724
’**74
351,363
1,169,493
97.022
26,409
$6,885,402
$20,798
$1,982,412
7,087.133
26,439
6,006.963!
42,395
2,089,285
1,394.204
133,700,'
Of the above
imports for the week in 1884, $132,300 were
gold coin and $20,098 American silver coin. Of the
exports during the same time, $14,350 were American gold
American
coin.
Texas & St. Louis.—At St. Louis,
July 9, Judge Treat of
the United States Court, granted permission to R aviver Wood¬
ward. of the Texas Sc St. Louis Railway, to issue receiver's
certificates, payable in
make necessary repairs
on
one year, at 7 per cent, sufficient, to
on the road, the certificated to bo alien
the road.
Wabash St. L ouis & Pacific.—A call has been issued to
holders of the Havana Division bonds of the Wabash St.
Louis & Pacifio Railroad, issued in exchange for bon Is of the
Champaign Havana & Western Railroad Company, asking them
to unite m proceedings for the protection of their interests
against the recent default of Wabash. The call has been
issued by a committee consisting of Sumner R. Stone, Wil¬
liam II. Hollister and Anthony J. Thomas, representing a
large amount of the bonds outstanding. Air. Hollister of the
committee said to a Times reporter that the committee’s first
object is to perfect an organization of the bondholders for the
purpose of taking any steps that may be necessary to protect
their interests.
What course will be pursued after the organ¬
ization is perfected has not yet been determined on.
—Messrs. Reed & Flagg of 11 Pine Street now offer for sale
some of the six per cent first mortgage gold bonds of the St.
Paul & Northern Pacific Railway Co. This road is 159 miled
long, completed and in operation; is exceptionally well located
as a terminal road for all the Northern Pacific business, to
which company it is leased with a guarantee of these bonds;
the company has paid regular dividends on its stock since
1879.
For full particulars see advertisement in the Chronicle,
following national banks have lately
been organized:
First National Bank of Girard, Kansas. Capital, $50,000.
John D. Barker, President; Joseph T. Leonard, Cashier.
First National Bank of Ithaca, Mich.
Capital, $50,000.
Robert M. Steel, President; no Cashier.
Imports and Exports for the Week.—The imports of last
.
opposite editorial
page.
—The Canadian Pacific
Railway gives notice that the half
the company's stock, at the rate of 5 per
cent per annum, will be paid on Aug. 18, 1884, by Messrs. J.
Kennedy Tod & Co., in New York, and by Messrs. Morton,
yearly dividend
on
Rose & Co. in London.
—The American Loan Sc Trust Co. have declared a dividend
week, compared with those of the preceding week, show an of 3 per cent on the capital stock of this company for the past
increase in both dry goods and general merchandise.
The 6 months, payable on and after July 26, at the office of the
total imports were $7,556,732, against $6,197,112 the pre_ company.
Auction Sales.—The following, seldom or never sold at the
ceding week and $8,881,891 two weeks previous. The exports
Stock Exchange, were sold at auction tliis week by Messrs.
for the week ended July 8 amounted to $6,856,593, against
Adrian H. Muller & Son:
Shares.
Bonds.
$5,922,151 last week and $7,771,171 two weeks previous. The
200 St. Louis & St. Joseph TIR.
l**s $10,933 32 City of Railway,
following are the imports at New York for the week ending 160 Brunswick A; Albany RR.
N. J.. re/?, adjustm’t bils.,
of G.i., common
due 192*2
34*21
for $26
(for dry goods) July 3, and for the week ending (for general
140 Merchants’ Lis. Co.,... 04® 99 $5,000 New York City 7s, immerchandise) July 4; alsq totals since the beginning of the
70 Jersey City Ins. Co .‘.97® 100l4
provem’nt stock, i*og., duo
210 North River Bk..115*3 £116*3
1392
..120 A iut.
first week in January:
30 LT. S. Trust Co
497*2
....
FOREIGN IMPORTS AT NEW YORK.
1881.
For Week.
T>:y goods
Gin’l mer’dise..
Total
Since Jam. 1.
Dry goods
Gen’l mer’disb..
1882.
1883.
7 Nat. Shoo A Leather Bk. 131*2
1884.
$1,255,822
6,039,316
$2,095,744
5,474,530
$2,703,133
7,061,254
$1,918,592
$7,295,138
$7,570,274
$9,764,387
$7,556,732
$51,543,601
167,278,321
$68,498,673
193,307,985
$64,445,761
175,604,782
$60,097,380
169,769,554
5,039,140
Total 27 weeks. $221,821.922 $201,906,658 +240,050.543 $229,866,934
In our report of the dry goods trade willt be found the im¬
ports of dry goods for one week later. .
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending* July 8, 1881, and from January 1 to date:
EXPORTS FROM
NEW
1881.
For the week...
Prev. reported..
$0,260,923
192,614,958
YORK
FOR THE
1882.
$3,025,017
158,555,097
WEEK.
1883.
$5,730,758
176,947,824
1884.
$6,856,593
151,936,794
Total 27 weeks. $19.6,875,931 $106," 80,114 $182.723,532 $158,793,397
The
follo’wing table shows the exports and imports of specie
port of New York for the week ending Jhly 5, and
since January 1, 1884, and for the corresponding periods in
1883 and 1882*:
at the
,
OIVIDKNDS.
The following dividends have recently been announced :
L
Name of Company.
Railroads.
Canadian Pacific
Central Oh in, com. and pref
Little Schuvlkiil Navigation
Miueliill A Schuylkill Haven
Oregon R’wav A Nav. Co. (quar.)
Richmond A Petersburg
Sr. Louis A San Francisco 1st pref.
St. Paul Minn. A Man. (quar.)
UnitediNcw Jersey (quar.)
Insurance.
American
Exchange Fire
Aug.
July
July
July
3
3*3
3*3
1*2
2*3
3*2
.
Aug.
July
Aug.
Aug.
1
2*3
July
10
5
5
On
On
Oil
On
deni.
dem.
dem.
Ou
On
dem.
dem.
3
*3
5
5
5
Globe Fire
Tlyme Fire
3
Knickerbocker Fire
New York Equitable
6
5
Rutgers Fire
3*3
Miscellaneous.
American Loan A Trust
3
I
4
dem.
July
July
! Aug.
j
15
15
1
dem.
On
July
< Ou
(Days inclusive.)
19 July 27 to Aug. 17
31
12 July 8 to July 13
15
1 July 22 to Aug.
1
1
1 luly 18 to Aug. 1
2
CT
Earra /mf. Eire
Books Closed.
z?i
Payaoic.
2*3
Citizens’
Clinton Fire
Continental
Fidelity A Casualty Co
Wh
Per
Gent.
26 July 17 to July 26
dem.
42
THE CHRONICLE.
United States Bonds.—The
Jhi IBaukers7 (flasette.
|^* Dividends will be found
NEW
YORK,
on
1
tendency of government bonds
has been towards higher prices for the
long bonds—fours of
1907—but the 3 per cents are not as strong as the others.
The closing prices at the N. Y. Board have been as follows:
the preceding page'.
FRIDAY,
.[VOL. XXXIX.
JULY 11, 18S4-5 P.
M.
The Money Market and Financial Situation.—The city
banks on July 5 had a surplus reserve above the legal require¬
ment of $16,802,800.
This, with the prevailing dull business,
would indicate easy money for some time.
Interest
Periods.
_
4^s, 1891
July
reg. Q.-Mar.
48js, 1891
coup.
4s, 1907
reg.
4s, 1907
coup.
3s, option U. 8
reg.
6s, onr’ey, ’95—reg.
July
5.
7.
8.
July
| 9.
1
July
Q.-Jan.
July
| 10
Mil’s ni2M, *11214*11214
112
*112i4i U2140 1123s
;
;
Q.-Mar.
July
11.
*
112 ^
112
II914 1191fj| 119^*1191-2 *nok»
situation has improved during the week, and in the
119
a8*
Q.-Jan.
119^ 1195s 119*2 *119^
Northern States, particularly at the West, the, prospects are
100
S
Q.-Feb.
*99”8, *99'78i *997s *100
J. & J.
most favorable; in the South there was too much rain in June
*123
*123
©
j*123 ;*123 *123
*125
6i,<rur’ey, ’96
reg. J. <fe J.
*125
*125
*125
w
*125
for tlie’cotton crop,but much will depend on the weather in
July. 0 s, enr’ey, ’97
J.
&
J.
*127
*127
:
reg.
*127
*127
1*127
In general business there is hope of improvement in
*129
*129
activity Gi.our’oy. ’98
reg. J. & J.
*129
*r_9
,*129
'this month, but June was undeniably dull, and there is com¬ 63,our’oy. ’99.. .reg. J. & J.
*131
*131
*131
,*131 1*131
plaint in the manufacturing districts, where mills are shutting
This is the price bid at the morning board; no sale was mud s.
down till surplus stocks are out of the
way.
U. S. Sub-Treasury.—The following table shows the receipts
There seems to have been quite a change in the
foreign and
trade movement since the crisis of May, and
payments at the Sub-Treasury in this city, as well as the
imports of mer¬
chandise have fallen olf sharply as compared with previous balances in the same, for each day- of the past week :
years.
We have as yet only the returns for the port of New
Balance 3.
York, but as about 68 per cent of the imports of the whole
Date.
Receipts.
Payments.
Coin.
country come in here, the figures are significant. If this
Currency.
decrease continues, as now seems probable, and our crops and
$
$
$
$
exports are large this fall, an importation of foreign gold July 5.. *2,904,381 41
2,564,422 93 118,385,994 31 9.780,771 54
would be the result.
7.. i 4.368,319 24
The imports of merchandise at New
2,728,061 36 119,918,237 98 9,383.785 75
8..
1,378.995 00
York for four successive weeks were as follows, but it is to be
1,549,577 06 119,867,434 16 9.769,007 51
9..
983.Mi 3 34 11,060,540 62 119,157,850 0 4 9,e01.854 35
remembered that in June, 1882, the imports were
10..
exceptionally
1,002,874 44
1,394.010 88 118,759,884 81 9,808,683 14
The crop
.
r—l
—
•
*
“
“
“
“
heavy.
“
Week tnding—
June 13
“
20
“
27
July
1884.
1883.
$8,023,423
$10,430,279
10,_96f242
8,881,891
6.197,112
5
188 ?.
$10,918,121
7,158,533
8,932,916
9,764,387
7,556,732
8,963,935
7,570,274
Total four weeks
$30,659,158
$39,423,824
$34,610,866
the Stock Exchange the
tone has been variable,
there has been a re-action from the
extraordinary
spurt which characterized the two days preceding the
Fourth of July.
On the other hand, there has been no return
of the great weakness and trepidation which was the
At
and
prevail¬
ing sentiment during most of June. After the earthquakes we
have recently had in the market, experience would teach us to
look for a quiet business for some time to come.
On the one
side, bears have had a rich harvest, which the low range of
prices makes .it impossible to repeat; on the other side, con¬
fidence has been broken, and the buying of stocks on
margin by
the outside public can hardly be sufficient to create
any boom.
Rates for call loans during the week on stock and bond col¬
laterals have ranged at 1 to 2% per cent, and
to-day at 1 to 2
per cent.
Prime commercial paper is quoted at
6 per cent.
The Bank of England weekly statement on
Thursday showed
a loss in specie of £374,000, and the
percentage of reserve to
liabilities
43 ;
11..
Total
*
1
+
1,133.060 85
11,768,434 28
.
1,457,241 69 118,409,828 71
9,834,558 40
11,350,354 59
Includes $2,000,000 gold certificates put into cash.
lucludes $3,600,000 gold certificates p it into cash.
Includes $200,000 gold certittcates'takcn out of cash.
State and Railroad Bonds.—There has been nothing of
importance in State bonds.
Railroad bonds are getting into a much healthier
position,
where the prices of good bonds are regulated more by their fair
value than by the tone of the stock market.
The speculative
bonds, whose ultimate value is uncertain, will continue to
fluctuate with the prospects of their respective companies—
thus, such bonds as Erie second consols, Denver <& Rio Grande
consols, Texas & Pacific Rio Grande Division, Philadelphia &
Reading generals, and West Shore firsts, will vary each week
until their status is better determined.
In our remarks last
week concerning six per cent bonds selling at 75 to 95 with
good security back of. them,
we
referred mainly to the prior
issues of railroads having an established business, but which
are in financial difficulties, and in some cases
defaulting on
junior securities.
Railroad and Miscellaneous Stocks.—The stock market
hasfollowedacour.se which, in the absence of any
the discount rate remains at 2 per cent.
The Bank of France lost 5,032,000 francs in gold and
4,073,000
event, is just about what might have been expected.
Clearing-House banks, in their statement of
July 5, showed an increase in surplus reserve of $3,181,175, the
total surplus being $16,302,800, against $13,121,6 :5 the
previous
market
was
francs in silver.
The New York
week.
The following table shows the changes from the
previous
week and a comparison with the two
preceding years in the
averages of the New York Clearing House banks.
1884.
Juhj
Loans ami dis.
Specie
Circulation
Net deposits
Legal tenders.
Legal
reserve
Reserve held
Surplus
5.
$292,00 3,90
60, & 5 ! ,80'1
14.4 > 7,600
299,3. > 1.0 "■
Differ'nces fr'm
1’rev ions
Dee.
Iue
In •
111c
Dee
Week.
$8 11,6
M
Exchange .—The
r-m
mar vt‘t
Jut;/
$ 28,
»
5,033 9>
4,145,70c
,
1
3
7.
July 8.
;
,
>‘>
U2.3-'
I
18.410 8
><»
8,200! 318. .29, 100
24, 131.700]
23.602, 00
*4
«
$ •*0, '87.050
3.1-1,17
for
1882.
53,200 $326,679. 900
< 4.2-3. 0 )
<»2, 799,5:a 1
53.100
28.02 7.0 (•
816,‘PC' •
$ 2.57 o.oo-• fue $■,036.; *25
8S, 87 8,-00 fuo
l."l "V on
sir,no *2,8n.
1883.
foreign
8 r, 2 J 1,200
>*'. :
i
>i
$79,582, 375
1
1,150
lls
has
87 855. 030
$8,303, 3.5
boon
vor v
quiet, with a tendency towards firmer prices in the past few
days. There are not manv bills making against securities bought
for foreign account, and commercial bills at this season are
naturally in moderate supply; the maturing, of loans of bor¬
rowed bills also adds to the present strength in
prices. Francs
are reported a tritie firmer on account
of the reduced ship¬
ments to French ports where cholera
prevails.
To-day the rates for actual business were as follows, viz.:
Sixty days, 4 83'^Jt 83:5q; demand, 1 s.V.yad 85:q.
Cables,
4 86(Vi)4 86,4.
Commercial bills were 4 SOL^o)4 81.
Continental bills were'quoted as follows, viz.:
Francs,
5 211<£(ri>5 20’’g and 5
lH-'l^foo 18«^; reichsmarks, 94,£($-94?3 and
9478@95 ; guilders, 40(d)40* 3 and 40*4'.$40"a.
The following were the rates of Domestic
Exchange on New
York at the under-mentioned cities to
day: Savannah, buying
Ja. premium, selling
premium; Charleston, buying -par,
selling 3-16(0),*4 premium: Boston, 17 to 30 cents discount;
New Orleans, commercial 125
premium, bank 200 premium;
St. Louis, 1-10 premium.
July 11.
Prime bankers’sterling bills on London
Prime commercial
Dooum mtary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort »r Firemen (reichmarksi
Sixty Pays Demand.
4 84
4 32*2
4 -2
5 20*8
4 86
5
40
17*2
4014
*•4^
94 7*
striking
First,
there came a decided re action from the extraordinary rise of
last week, and on Monday prices declined sharply. On
Tuesday
and Wednesday there was hut little better
feeling and with
the customary bear reports of special or general
depressed. Thursday
rottenness, the
improvement on good
buying of leading stocks, and tins was continued on Friday,
when the market accepted Cleveland’s nomination not unfavor¬
ably, and prices in the last hour were at or near the highest.
was
saw an
The stock market is now in a situation where, to
get a fair
and long view of the condition of affairs, one should stand back
from the ticker and consider the following
propositions:
1. We have just passed through a stock panic.
2. This fact and the political
uncertainty are probably suffi¬
cient to prevent heavy buying Iwthe general public, hut do not
so much affect
professional operators and habitue* of Wall
Street. On the other band, there' is no basis for another stock
panic.
3. The condition of
general trade, particularly in the manu¬
facturing districts, is not good.
I. The crop prospects on grain and corn are
exceptionally
good, but "on cotton only fair.
'
.
5. The railroads must be separated one from another, and
the value of each stock judged on its own merits: some stocks
will recover largely, while others
may remain at about present
figures
or go
0.
lower.
Railroad property, as judged by earnings, is not
in abad condition; comparison is made with
1S3;}? th
year on record; expenses are
far make a very fair exhibit.
generally
*
heaviest
reduced, and net earnings thus
There are several conspicuous
exceptions to this in roads that have already defaulted. With
large crops the traffic after Sept. *1 should be heavy.
As to special stocks this week, the
prominent-'Vanderbilts,
the Granger stocks, Lackawanna and Union Pacific, have
all been strong on good
buying, assisted by the purchases to
cover shorts..
The two Gould specialties have been s pported
as usual.
Louisville & Nashville has been stronger, but the
result of the directors’meeting on July 17 will be awaited with
interest.
Central, Pacific weakened on Mr. Huntington's
announcement that lie had advised against any dividend in
August, but was stronger to-day, closing at 373g. The short
interest in stocks appears to be large still, and nearly all the
actives are in demand for borrowing. To-day New York Cen¬
tral lent at 3-32(<D1 ^ per diem for use; Missouri Pacific at
1-16;
.
Lake Shore at 1-32(d) 1-16; Lackawanna at 3-32; Illinois Central
Manitoba and Burlington & Quincy at 1-32;' Jersey
at
Central
1-64(0)1-32; Union Pacific, St. Paul, Northern Pacific preferred,
Reading and Central Pacific at 1-64; and Northwestern and
Western Union fiat to 1-04.
r
l
July 12, 15*84. i
THE CHRONICLE.
48
NEIV YORK STOCK EXCHANGE PRICES FOR WEEK
ENDING JPLY 11, AND SINCE JAN. 1, 1SS1.
HIGHEST
AND
LOWEST
PRICES.
STOCK®.
Saturday,
J uly 5
Monday,
July 7.
1
Tuesday,
J
uly
8.
RAILROADS.
Albany & Susquehanna..
Burlington Ced. Rapids & No
Canadian Pacific
Canada Southern
Cedar Falls & Minnesota
Central of New Jersey
Central Pacific
Chesapeake & Ohio
Do
Do
127
•
43*2
29*4
61
Chicago <fc N orth w estern....
Do
pref.
Chicago Rock I sland & Pacific
Chicago St. Louis & Pittsburg
Do
pref.
Chicago St. Paul Minn. & Om.
prof.
Cleveland Col. Cinn. & Inn
41
43
43
303 4
29*2
29*4
43
29
8L
8
43 3| 9
43
29*, i!
*43*.2
‘28*4
287 e
8*.
55*4
35*8
7*8
80**4
guar..
Jan. 30 127
Juue‘24
78
50
June28 80
75
Jan. 10
2,860 39 Juno27’ 58*4 Jan. 18
48 7P
2,380 24 34 j Une 271 57 7e Feb. 11
47*4
600
8
May 22 j 12 Jan. 18
10
7,210 49
May 24j 90 Jan. 11
68*4
37,995 30
line 30i 6734 Jan. 10
61
215
5
June 27; 15
Jan
13
212
9 .Hi June 20! 28
23
Feb. 11
j
206
7
14 V
May 261 17 Jan
940 118
Juno23 140*4 Feb.
128 1137 *4
36
......
24 a4
25*5
84*2
80 a4
*33
56
56* i
31a4
353
*6
43*58
4334
2834
1
7*, s
30
*56*4
35*2
6 *2
59*4
37 a4
6 *2
1334
12
12
*12
*7
10
*6*2
9*^
127
127
127
127
111 *4 112
v
112*4 114*4
06*4 68*2
8.552 I107 June27! 127*4 Fell. 16
3-0.160 I 58*4 j une
27; 94*4jan.
104
105
2,011
95 78J U no 27; 119
eh. 16
89*2 91«X 121,721
81 Hi J une 23! 124
ieb. 12
1‘22j4 123*4 *124
126
117
2,132
Juno23:149\i l eb. 12
106
106
107
108
4,886 1001*
Junu23jl26*4 Teb. 11
*63,
9
*634
8
634,iuno26
17
13*4 Jan. 5
22
*17
21
*17
21
20
24 °8 25
May 15j 35 Jan. 11
24
25
26
26
2,055
21 7h j une 26 34 *3 Jan.
84 *2 85
3
84*2 85
85*2 86*4
2,513
8034 ,j une 27 96*4 Feb. 11
*32
36
I *32
36
?32
100
28
133
June27, 69*2 Mar. 14
133
135
135
100 125*g June
24 141
105*2 10834 l I047b 107
Apr. 1
106
108
160,740 90May 26
8
133** Mar. 1
778
8‘Y
8*g
9
834
3,200
22
26*5
87*4
36
37
.....
6 4 *2
06
101 34 104
87 *a 89 *,
108*4 112*4
8*4
pref.
8
4
7
9*V
4*2
7 *8
4
7
Evansville & Terre Haute
Green Bay Winona & St Paul
Harlem
Houston & Texas Central
Illinois Central
Do
leased line 4 p.c.
Indiana Bloomingt’n & West'll
Lake Erie <fc Western
Lake Shore
107*2 109*4
8
4
4
7
7
4
7
4
7
4
7
*4
5
37a
7
4
1,860
7
1,350
*4
IH5
24
185
*24
50
400
117*8 118
1,244
....
'
*4
.
5
25
117*4 118
12
9 *2
73 a4
•••«-»
116
7.7
Manhattan Beach Co
Memphis & Charleston
Metropolitan Elevated
Michigan Central
25*4
15
*52
*88
*55
15
55
90
89
24
115
116
bO
80
1 1
11
*9
72*4
6
*2
1
25
J-i
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*88
*55
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14
57
1
....
57
j
i
1
i
1
23
13*2
97*4
*0a4
12*2
“9
74
75*4
68
68
20
14*2
1,545
10
a4
300
82,305
1,030
28 34
28,700
500
55
90
24
*51
*88
*53
55
12 :J une 27
40
Jan. 22
82
Jan. 21 j
42
Jan. 23
12 *o
48
24
21*2
*56 *4
i
•
60
60
35
Jan.
306
100*2
6 -‘*a
10*2
!
:
13*8
<
13
95
*8
98
9538
.
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1 *36
.
.
125
38
To
10*4
9*2
9*2
9*4
17 7e
58
18a4
18a4
18
427g
*1«8
44*2
12
‘ 10:*8 “»
10
2638
|
125
3*2
3 Hii
*34
36
*14
16
4
4*2'
17*21
44
16'*8
834
10
26
I
4*2
100 !
120 jH6
OKI j 30
*2
18
*17*2
43 50
158
18
20
37e
j
3
16
*20
70
*12
87*2,1
85*4
|
57
8
29,674
855
400
r,rt
9*2!
8*4
j.
|*
12 *8
I2--V*;
12Hj
50
50
50
5
35
7e
30 •%.
6 *2
;
6*8!-
1
94 ’2
9*4
93 *2
94*2
9*2
94
11
23*2
24*4
|
25
33
SO
|
*70
*12
|
*25
!
78
*33
3-‘ttj
r
70
86
86 *2
9,025
1,140
35
•17,050
290
500
200
300
15*2
334
15*2
3*4
70
70
100
1,315
......
.
..
25
33
7b
|
*
j
*25
33
80
*200
j
80
358
65
86
*65
*8*2
8
33
5 78'
13 *41
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SO
S(j
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1
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31
5
12 *4
8 :v
32*4
41! r,8
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9
90 *2
9
93
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8 *4
3 i ‘4
8- V1
■
6
•>•>
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12.1
I
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3;,8
F
50
32 *2
11
’
9
32*2-.
6 *2 *
l:J i
'
I
31
| *26
28
28 *2 f *25
'75
79
"9*8 “9=8
23*4I
|
j
334
1
87*2
9*4
10*4!
......
25
28 *2
79
|
3
334
I
29
79
"9*8“
9*4
10
*13
3 7hi
|
29
79
”
1178
.
j
6 ‘2*
13
j
!
|
86
32 ;,8
5 :il
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a41
1
'
51
90‘a
X7>
2,525
7*1*6
1 68,890
655
1,513
491
750
92
91*2
9i*a!
1
■
i
3,110 I
Jan. 29
22*2 July
13**2
71
Pacific Mail
|‘
Pullman Palace Car Co
Quicksilver Mining
•.
Do
pref.....__
Western Union Telegraph
41 *8
101
*3
*20
55r
_
EXPRESS.
Adams.
American.-.
United States
125
88
*48
100
..Wells, Fargo * Co
INACTIVE STOCKS.
Atchison Topeka & Santa Fe
Chicago * Alton, pref
r..*
Columbia * Greenville, pref...
Colnmbus Chic. * I ml. Cent..
Danbury * Norwalk
Dubuque * Sioux City
Joliet & Chicago
Keokuk* Dos Moines...
Ohio & Mississippi, pref
Rensselaer * Saratoga
United Companies of N. J
Warren,
12*8
.02
5
22
58*2
129
8934
52
100
407e
100
1 3 *2
71 *2
*T* i
68*2
68*2
42*8
100 "*M
41
42
...
55*8
56
99*2 100
*3
*20
54
128*2 128*2 *125
88
*48
*98
90
52
102
Vi*
90
50
100
5
22
55 *2
130
90
50
100
70
42*8
4 f
4 1 *8
42*4
98'.j
99
j 100
5
*4
! *20
1>2
54 7«
*3
*20
.
128*2 128*2 *125
*87
50
*Jd
90
50
102
j 93
| *50
i
*8
10
101
5
22
56
128
93
55
100*4 100*4
115
510
23,660
!
.May 16,
64
5
1*3*9*" 13*9*'
60**
138
60
138
139
139
*40
141
.
New Central Coal
Pennsylvania Coal
Spring Mountain Coal
*215
;
uo
salo was made at the Board.
*215
65
141
53
50
200
260
68 *2
34 7g
15*8
2938
18
49 s4
23*8
49;‘4
53*8
90*g
^
•
Ll34
i
21
7
19
!
14*4
3t'34
1434
32
*g: 89
29
12
46 *4
!
28
61 *8
129*- 138
4
15*2
72
39
23
34
85
1103
47
21
14
15
35
80
20 *21 36*4
40
Of *2
1 00 *2
87
33
4o7a
90
97 »4
169 *2
94
22 '2
27*2
IT V 43
7 0 *g 104 34
36 '4
15
23 *„
5 7 *2
09 ’s
Mi¬
i 39 *8
;>,
11
112*8
2a
125
S:,4 11U1028' 65*8Jan. 7|
60'lj J une
112
Jan. 2-Sl
Mav 16; 5634 Mar. 17'
56
90
28
1150
j 49
18 127
304 187
150
45
7519.3
175
140
I
!
62
142
64
140
5
48*2
30 a4
Oil
20
123,064
81
18
|
4 '8
14
10
32
Mar. 17,
Fob. 111,10.
17:Wan. 10i| 1;
7,170
Fob.
l
91*2
1
44 a4
71 112*4 134
5
6*2 Fob. 11!
i
9 *a
May 24[117
334 Juue3o!
i
!
3 *8 Jan.
Apr. 1-;;
100*8
|
‘ll
31
90
2,613
575gJan.
Jan.
I
80
j 106 7g
10 j 19*2
120 1129 *4
50 *s | 64 7g
111 *2|129*8
i 5 *2
LK4! 35
90 j 105
83 a41 89 *2
-6 'g! 40 7g
72
j 83
17 *y| 52*4
169
183
Feb. 25
Fob. 15
Jan.
7
49
May 16.' 61*s
30
Juue 14 12734
7
Juno-271 17*2
88*o May 23-114
30--*8
55
95 *2
Id3,
Jan. 29
7
7
14=8 May 14 2578 Mar. 17
5
j uue-121
9
Mar. 19
13
June 19! 24
Mar. 22
6*4 Juno2(>! 34-^ Jan. 7
7
Juno201 17
Fob. 4
22
June 2 60 «8 Feb. 231
120 June 30 135
Apr. 14
2*8 May 24
5
Jan. 11
32
July 3 61
Feb. 14
12
June 26 32
Fob. 15
3
June 26
16*8 Fob. 4
1934 Jan. 7 24
Mar. 21
18 -Juno27! 50
Mar. 17!
70
July 3! 96 Fob. 51
11 ’a J mio 26
27
Mar. 18!
24 *2 J uno 301 50
Mar. 18!
70
May 151 96*2 Apr. 101
15
Juiie 30j 3234Jan. 9!
65
J lily 1 11 90
Jan. 26!
78 *a J unV 27j 99
Ian.
71
10
51 ay 24
11
May 24j
5 *2 J line27
22'*8 Fob. 11
28
JunoHOj 84*8 Fob. 16
4
Juno 271 19-*j Jail.
7
9
May 20! 32 Jau. 5
122 *2 Jan.
10
70
11
42
27
9
14
June 27
37 *4 J une 27
1°8 J une 18
'
Oregon Improvement Co....
j
Oregon Rallway * Nav. Co.... I
liiuo‘27jl27
12*2
19-ai
1
4,903
*18
!ll3*4
j 84
32
70
,2
7
33
■
940
-145e
1«R
5734
68
53 7g
90
53
10
35
June26j 58
Mar. 14
53,139 | 94*4 June27 122
Mar. 13
•400
5
July ll 10*a Fob. 15
800
9
May 14i 2034 Fob. 14
! 115 Juno 241130
131
”406 83 aiuic2d! 94*2 June 12)
Apr.
17,000
H1«Juno27j 28'*8 J an. 5i
1,285 i 20 June27! 71
Mar. 31
300
8
.nine241 17*2 Apr. 4!
171
1175 July 7 184 May
7
1,814
Juno 27
16*2 J an.
!
3*2 May 27
6
Feb. 28
10
May 17 18*4 Feb. 16
10
2*3 * * 2*5"
1734
44*4
1 a4
4338
34
..
-
;
1034
11
*
25
17
17
!
v
.
......
..
the prices bid and asked
9*2|
H)
*3
‘8
12
‘9*2
22*8 23*4
22*4
123
123 i* 123
.
j • *18
{'
j
*8
*1
9®8
10*4
*9*2
22*8
27 s8
125
j
9*4
4*4
*3
”23 *2' *25*'
17*4
43*4
1 a4
20
*18*2
770
1,000
7,980
29,612
“
9 **8
10
Delaware * II udson Canal
i
Mutual Union Telegraph
i
New York * Texas Land Co.-.!
9
414!
22 *2
17*2
”
;
96;*8
1
9*4
*8
“is" 27*
-
18 r,8
46
1 r,b
4334
MISCELLANEOUS.
i
14*2
175
9*4
*
*28" ’28“
:
137y
90*J ,5*534
9
634
j
175
M
Rich.A- Allegh.. st’k trust ctf’s.
Richmond * Danville....
Richmond* West P’tTerm’l.
Rochester* Pittsburg
Rome Watertown * Ogdensh.
St. Louis Alter, * Terre Haute
Do
prof.
8t. Louis & San Francisco
Do
pref.
Do
lstpref.
St. Paul & Duluth
;
Do
pref
|
St. Paul Minneap.* Manitoba.!
South Carolina
t
j
Texas & Pacilic
j
Cuio Pacilic...'.
-i
Wabash St. Louis* Pacific...!
'Do
pref.;
25
13®8
94
9
122
,
*3
1
12*2
22
j
.....
*37
>
M
._
13«8
......
10*4
177
9*4
0
..
13*2
95 a4
9*2
12*2
|
28
10
175
.
13*2
97*8
!
!
---
1
|
*105
86*2
l
•
11*8 ll'*4l
22*8 22 *2
*:::::: *»3
122
125
125
38
37*4 3. a4l
38
38
1
103*41 99ai 101 *2
99*2 101
99
ioo-0; 101
102*8
6
6-‘*8!
6
*6*8
6-*8
*53t
6*2'
5 34
5 a4
11 *4) *10
10
11
ll! *4 10 ‘4!
10*4
10 *v U)*2
130
*105
*105
130
130
'105
130
‘105
130
86
86*2 *84
87
87
l *84*2
b0*2
86*2 86 *-2
1 3°h
12«a 13*4
120g 13 |
12*2 12 7g|
13*8 13^8
29
26
29
25*2 25 *2
25
25
07
07
c
.
13
122
39
ii*4
* *33'
*30
*11
I
i 55
30
38
80
38
4
6934 J une 7
93 *2 A pr. 7
59 *y Mar. 17
Mar. 18
May 16 24
23
June 271 40
Jan. 11
85
June 30 105
Apr. 15
51 34 une 27 94 8. Mar. 4
10
Fob. 11 j 16
Jan. 7
o234 May 26! 44
Apr. 10
7 l J une231 18*2 Jau.
7
17
June21! 30L Feb. 11
9 *2 J uno 271 23 *4
5
J ah.
63*2 May 20 100 Juiie21
6*4 j mie’JOj 1334 Mar. 24
50
.100
24 *2
-00
56
|
23
14*4
9
'118
*
Oregon Short Line
Oregon & Trans-Continental..
Peoria Decatur* Evansville..
Philadelphia * Reading
Pittsburff Ft. Wayne * Chic..
American Tel. * Cable Co
Bankers’ * .Merchants’ Tel
Colorado Coal * l run,.
68
12*2
*26
.
56
ii
.....
..
.
33
30
91
54
j.
5
....
9*2
73 7t
67 *2
34,108*2
124*2 142
111*2 131*2
3
21*4 51*2
3*2 May 141 8 *4 Feb. 15
4 *2
I!
6
June 12 14*aFeb. 15
11 *4! 23 '
37 May 2 51 Jan. 7 45 I 75
I 4 May 8! 8*2 Feb. 8
H>78
1185
July 111200 Mar. 18 190 200
20
June26; 51
50
Jan.
4
82*2
: 110
June 23; 140
Feb. 13 124
148
i 70 July 8; 86
77
Mar. 6
| 84*4
9
J line 211 20*4 Jan.
1 i *2! 35 *2
5
6 7*
„J line 27 1934 Jan. 7
13 'mi 33*4
67^ J une 27'10434 Mar. 4 9234 U47g
62
86
May 24 78*4 Mar. 15 5 s
22XjJune241 Sl^Mar. 4 4 ()•'■* 58 *2
,
prcf.j
pref.
*55
■
'
91
115
122*4
115 *4:141) *8
134
'157
116*2! 127 *4
10*2l 22
25^Jan.
June 23;
.
......
Missouri Kansas* Tex s.....
Missouri Pacilic
Mobile* Ohio
Morris * Essex
Nashville Chattanooga * St.L.
New York Central & H udson.
New York Chic. & St. Louis
Do
pref.
New York Elevated
New York Lack. * Western..
New York Lake Erie* West’ll
Do
pref.
New York & New England....
New York New Ilaven* Ilart.
New York Ontario * Western.
New YorkSusq. & Western...
Do
pref.
Norfolk & Western
Do
preL
Northern Pacific
Do
pref
Ohio Central...
Ohio* Mississippi
Ohio Southern..
15
55
*38
24
.
'
are
12
10
73
67
2526
15
......
Minneapolis & St. Louis
These
11
*9
72
66
10*2
74*2
66*2
26a4
67*2
90
Milwaukee L. Sli. & Western.
Maryland Coal
6
24
116 ai
116
...
72*2
28*2
*53
*88
*53
14
117
70
70
*12
'9
13
9 *u
26*4
common.
Do
*4
.....
*21
•_
Louisville <fe Nashville
Louisville New Albany & Chic.
Manhattan Elevated
Do
lstpref..
Do
•
25
.
Long Island
Do
115^129*8
.
„
Delaware Lackawanna&West.
Denver <fc Rio Grande
East Tennessee Va. & Ga
Do
July 0:135
80*2 Mar. 27 84
62
38
8 *•2
13*-
*17
25
Do
Pittsburg,
Friday,
July 11.
'
126
60
0534 56*41
36*«
37
35*4 36
.8*2
7*1 8
*6
7*2!
*13
12*2 12*-j
13*4 13*4!
*8
10
8
8\
7
7
126
126 | 125**4 126
128
128
112*2 115 1 112
113*, 111*2 113
67
69*.l|
65
65-*8 67*
6o34
106
106 H2 105
105*i 104
104
90a4 93 *41 88*2 90;*i
88*8 89 5f
127
127*2, l23a4 I20A 122
123
■107*4 110
105
106
*6*2
7 u„ » j 106*2 10734
*0 34
8
1
*
pref.
&
July lo;
......
8
Chicago & Alton
Chicago Burlington & Quincy.
Chicago Milwaukee & St. Paul
Cleveland
Thursday,
,,
9.
127
•<•••
•
lstpref....
2d pref
Do
July
r
;
i
*.
Boston <fc N. Y. Air-Line, pref.
Wednesday
Jan.
June201 32 *2 Fob.
May 14[ 78'a Fob.
30
5
Id!
1
71*4
46*2
88*4
I
July
J
3137
mie/211102
Apr. 24
Mar. 26
May 17: 61 *2 Feb.
Feb.
May 26 115
.1 line
J uno
!
33
Feb.
I
1
Feb.
Jan.
HO3, Jan.
152
33
2
50
27! 82
12 145
7!
5
15| 90
Feb.
7
13
7
16|
1
I
126*2 135
88
1
94*4
55 *2 65 *2
113
128
78
140
‘vi
84 34
150
Fob. 11 I 31
68*2
Jan. 17 |
7*4
1 *2
Jan.
21
7v
| 50
*8
j 50
! 60 *aJ uric
Mar. 10 1
92
77
1137 Apr.
Mar. 4 138
138
!
5
July
July 7
45
1 12*2
Jau. 9 '*96
May
138
Juno 181146*2 Apr. 18 139 *2 145*4
i 192*2 lan.
8 193*2 Mar. 21
187*2 197
121
118
May 1 122Ha Mar. 29 1 18
9
J mio 9
15
Fob. 21
10
17
7*2 Apr. 141.10*4 Jan. 31
9
14
264
Feb. 19 264
Feb 19 260
28034
2
29*2 Jan.
51
A pr. 3u
29*2
30*4
THE CHRONICLE.
44
RAILROAD
BONDS,
QUOTATIONS OF STATE AN1)
STATE
BONDS.
Aek.j
Bid.
SECURITIES.
Alabama^-Class A, 1900.
Class B, 6s, 1906
Class C, 4s, 1906
6s, 1020s, 1900
Arkansas—6s, funded—
7s, L. Rock A Ft. S. iss.
7s, Memp.A L.Rock RR
7b, L. R.P.B. * N.O. RR
7s, Miss. O. A R. R. RR.
7s, Arkansas Cent. RR.
Georgia—6s, 1886
i
80
7S34
78
j
7 Ha
7
7
7
7
2Hj
101
7s. 1886
102
ii2
7s, (told, 1890
!
Do
108
Ohio—6s, 1886
107
110
115
117
28
South Carolina—
6s, Act Mar. 23,
Bid.
Del. L. A
Eailroad Bonds.
(Stock Exchange
Ala. Central—1st, 6s.
1918
1869 >
i
j
1
Tennessee—Continued—
0s, new series, 1914 ....
Virginia—6s, old
6s, new, 1866
6s, consol, bonds
6s, ex-matured coupon.
6s, consol., 2d series
6s, deferred
8-
106
106
Registered
Funding 5s, 1899
38 Ha
56Ha
106
3-65s, 1924
3*8*4
37
Tt
......
Ask.
Bid.
SECURITIES.
Penn. RR.—Continued—
I Marietta A Cin.—1st, 7s..?
P.Ft.-WiAG.—2d,7s,1912
102
Metropolit’n El.—1st,1908;
2d.
1
2d, 6s.
Os, 1899
1899
Mex. Cent.—1st, 7s, 1911.1
1
rmm
_;
BONDS.
Ask.
W.—Contin’d—
38 Ha
43
36Hi
42
35
35
50
33
40
4
C’mp’inise,3-4-5-08,1912
District of Columbia—
102
Brown consol’ll 6s, 1893
Tennessee—6s, old, 1892-8
0s, new, 1892-8-1900 ...
Bonds, 7s, 1900
7s of 1871.1901
1st, consol., guar., 7s.. -----N.Y. Lack.A W.—1st, 6s! 112*
Construction, 5s, 1923' ;Vj—
Prices.')
3
104
non-fundable, 1888. f
Bid.
SECURITIES.
Ask.
"3**i
1
Wil.C.Altu.R.
Consol. 4s, 1910
6s, 1919
RAILROAD
SECURITIES.
v*i*‘
Ask.
Bid.
SECURITIES.
Ask.
1
Special tax, all classes..
103
116
Funding, 1894-93
Hannibal A St. Jo., ’86.
New York—0s, reg., 1887
6s, loan, 1891
6s, loan, 1892
!
6s, loan, 1890
1
N. Carolina—6s, old. J. A J.
1 Funding act, 1866-1808
I
Bid.
N. Carolina—ContinuedNew bonds, J.AJ., ’92-8
67
50
100
100
Louisiana—eons.,1914
Ex-matured coupon
Missouri—6s, 1880
80
6s, due 1889 or 1890....
12 Ha
AsyTm or Univ., due’92
99
JULY 11, 1884.
SECURITIES.
Ask.1
Bid.
SECURITIES.
[VOL. XXXIX.
90
«8
.......
*133
130
3d, 7s, 1912
Clev.A Pitts.—Cons.s.fd.
,
,35
*241
,115 jMich.Ccnt.-Cons.7s, 1902 124-4
102
i j Consol. 5s, 1902
!
!i 68,1909
108
4th,s.fd.,6s,1892
II.—1st, g.,7s
105
2d, 7s, 1898
2d, guar., 7s, 1898
St.L. V. A T.
Del. A Hud. Canal—1st, 7s 114
100
Alleg’y Cent.—1st,6s, 1922
112*11 ! Coupon, 5s, 1931
1st. ext., 7s, 1891..8*5
IOOI4 jPitts.B.AB.—1st, 6s, 1911
Atcb.T. A S.Fe—4 Hjh, 1920
IT5 ’|
ij
Registered,
5s,
1931....
Coupon, 7s, 1894
I Rome W. A Og.—1st,7s,’91 *104
Sinking fund, 6s, 1911..
115
Jack. Lari.ASag.—6s,’91.!
75
67
I
Registered, 7s, 1894 — 125 130
AtL A Pac.—1st, 6s, 1910.
Con., 1st, ext., 5s, 1922.
Milw. A No.—1st, 6s, 1910!
106
1st, Pa.I)iv.,cp.,7s, 1917
I
Balt. A O.—1st, 6s, Prk.Br.
Roch.A Pitt.—1st, 6s,1921 104
125
T30
18*
j
1st, 6s, 1884-1913
!
78
81
1st,
Pa.
Div.,
leg.,
1917.
Bost. Hartf. A E.—1st, 7s
I101
1st,
6s,
Consol.,
1922
Mil.L.S.AW.—1
19211
llOHallG
st,6s,
*
Aib. A Susn.—1st, 7s
50
51
Guaranteed
j.
115
Rich. AAlleg.—1st, 7s, 1920,
Minn.A
St.L.—lst,7s,1927i
1()134
104
99-2 100
91 Ha 9 3 Ha
2d, 7s, 1885
115
Bui’. C. Rap. A No.— 1 st, 5s
Rich.A Danv.—Cons.,g.,6s
120 -IiQwaExt.—1st,
Vs,
1909!
43
lst.cons., guar.7s,1906
50
Minn.Afet.L.—1 st,7s,gu.
2d, 7s, 1891
!
Ia. City.it West.—1st, 7s
|
Atl. A (Ti.—1st,pf.,7s, ’97; TOO
Registered
110 Hi ! S’thw.Ext.—1st, 7s.19101
'115
1st,
cons.,
gu.,
6s,
1906
C.Rap. I. F.A N.—1st, Gsj
Incomes, 1900
1
Pac. Ext.—1st, Os, 1921.1
|
Registered
t ---63 H2 65 Hi Scioto Val.—1st, cons., 7s. i
1st, 5s, 1921
1
Mo. K.A T.—Gen’l,6s,1920:
Reas.
A
Sar
—1st,
cp.,7s;
1
Jo
Buff.N.Y. & Phil.—1st, Os;
52
St. L. A Iron Mt.—1st, 7s'"107
General, 5s, 1920
t
1st. reg., 7s, 1921
General, 6s, 1924
d. 7s, 1897
j 95
*100 102
90
81
Cons. 7s, 1904-5-6
i 100 101
97
Dcnv.it ltio Gr.—1st, 1900;
Can. So.—1 at, int. guar. 5s,
52
I
MArkansas Rr’ch—1st, 7s 101
44
42
('ons. 2d, income, 1911..!
-75
102
1st, consol., 7s, 1910
1
Cairo A Fulton—1st, 7s! T01
2d, 5s, 1913
1
75
H. A Cent. Mo.—1st, ’90
Den.So.Pk.A Pac.—1st, 7si
Reg.. 5s, 1913
;
Cairo Ark. A T.—1st, 7sj 101
30
28*
Mobile A Ohio—New 6s.. i 104 Ha!...
100
Den.A
RioG.West.—1st,6si
60
*62*
Central I owa— 1 st, 7s, ’99
Gen’l r’y A 1. gr., 5s,1931.
Collated trust, Os, 1892;
I 70
Dot. Mack. AM a rq,—1 st, 6s
East. Div.—1st, 6s, 1912.
j"'
St.L. Alt on A T.H.—1st,7s, 110
1st,
Extension,
6s,
1927!
!
Land grant, 3 Hjs, S. A... j
Ill. Div.—1st, Os, 1912 ..j
I
ij 2d, pref., 7s, 1894
j 106
-■--••! Morgan’s La.A T.—1st, Gsj
99
E.T.Va.AGa.—1st,7s,1900, lllHa
101
Char. Col. A Aug.—1st, 7s
114
—-..••!
income,
7s,
2d,
1894
54
101
;
A
St.L.—1st,7s
55 I Nash.Chat.
1120
| 1 st, cons., 5s, 1930
| *91
Ches.A O.—Pur.mouey fd.j
100
Bellev.A So. 111.—1st, 8sI
!
2d,
6s,
1901
;
101
! Divisional 5s, 1930
j
6s, gold, series A, 1908 .;
! St.P.Miun.A Man.—1st,7s in's* TOSHa
90
89
Eliz.C.AN.—S.f.,deb.,c., Os
i
-I N Y. Central—6s, 1887...: 10334
103
Cs, gold, senes B, 1908 .
2d, 6s, 1909
i 106
Deb. certs., ext’d 5s
(
31 7t)
30
1920
*
1st,
6s,
—
1
127
Dakota Ext.-Gs, 1910..i.l09Ha 1097a
6s,currency, 1918
1
80
N.Y.C.A
H.—1st,
cp.,
7s
;....
00
'jEliz.Lox.A Big Sandy—6sl *70
Mortgage 6s, 1911
-.127
1st, consol., Gs, 1933
j 00 jlOO
1st, reg., 1903
1
Erie—1st, extended, 7s ...I
Ches.O.tfcS.W.—M. 5-6s...< ---1st. cons., Gs, reg., 1933.
7
Ti
Ha
Hud. Riv.—7s,2d, s.f., ’85 102Hj'111*
2d, extended, 5s, 1010 . J --•
lot
1 OOO
lYTin’a lTn
Chicago A Alton-r-lst, 7s. *116
128
102 H2
Harlem—1st, 7s, coup... j
3d, extended, 4HiS, 1923 *101
Sinking fund, 6s, 1903..I 116
130
.St. P.A Dul.—1st,5s, 1031 j
!
1st, 7s, reg., 1900
i
4th, extended, 5s, 1920. TO 1
La. A Mo. Riv.—1st, 7s. M14
So. Car. R’y—1st, 6s, 1920
TOO1.*
Ha 106 t N.Y. Elev’d—1st, 7s, 19061 115 Ha 116
Oth,
1888
7s,
2d, 7s, 1900
! 2d, (is, 1931
120
i N.Y.P.A O.—Pr.l’n, 6s, ’95 i
1
!
115
1st, cons., gold, 7s, 1920 T14
St. L. Jack. A Chic.—1 st
80
118
iShonand’hV.—1st,7s,1909! 101 Hi .
j N.Y.C.A N.—Gen.,6s,1910,
1st, cons., id coup., 7s. J
1st, guar. (564), 7s, ’94 116
31
j General, 6s, 1921 ...
Reorg., 1st lien, 6s, 19081 Til
2d, (360), 7s, 1898
100
96
;Tex.Cen.—lst,9.f.. 7s,1909
ilo ! N.Y. A. N-. Engl’d—1st, 7s
2d, guar. (188), 7s, ’98
1
1st mort., 7s, 1911 ..
1st, 6s, 1905
|
Bull. N. Y. A E.—1 st,1916
Miss. R.Br’ge— 1st. s.f.Gs
08
'Tol.
Del. A Burl.—Main.Os
N.Y.C.ASt.L.-lst,6s,1921j 51
N. Y. L. E. A W.-N e w2d 6 *49**
C.B.A Q.—Consol.7s, 1903 124Hl 12434
ij
1st, Dayt. Div., 6s, 1010
2d. 6s, 1923
'
Collat’l
trust,6s,1922.
i
5s, sinking fund, 1901..
39 34
403a j 1st, TeiT trust, 6s, 1010
N.Y.W.Sli.A Buff.—Cp.,5s
Buff. A S.W.—M.,6s,1908
9034 91
5s, debentures, 1913—
-i Tex.A N.O.-lst, 7s, 1005
104
Registered, 5s, 1931
\
Ev.& T. H.—1st, cons., (is
Ia. Div.—S. fd., 5s, 1919 '103
! Sabine Div.—lst.Os, 1012i
N.Y.Susq.AWest.—1st, 68;
*87
8834
Mt.Vcrn’n—1st, 6s, 1923
Sinking fund, 4s, 1919
' 57
j Va. Mid.—M. inc., 6s, 1927,*
1*124 ii3**
Debenture, 6s, 1897..:..!
88
85
Denver udv.—4», 1922..
j Fl’tA P.Marq—M.08,1920
82
85
j
Wab.St.L.APac.-UenTGs
39^
107
|
Midland of N.J.—1st, Os
Gal. Har.A S.Ant,—1st, 6s
Plain 4s, 1921
103
Chic.
G2H|
Div.—5s,
1910
65
112
N.Y.N.II.AH.—1st, rg.,4s ’
124**1 2d, 7s, 1905
.'
C.R.I.A P.-6s, cp., 1917.
Hav. Div.—6s, 1910
!
bi4
Mex.
A
Pac.—1st,
5s—
'80
08, reg., 1917
101 Ha 10178
Tol.P.AW.—1st, 7s,1917
2d, 6s. 1931
Keok. A Des M.-lst. 5s *
!l03>a
75
Iowa Div.—6s, 1921
1
j Registered, (is, 19
Gr’nBayW.ASt.P.—1st,6s!
Central of N.J.-lst, 1890 113 ;114
x
00
Ind’polis
Div.—6s,
1921
no4
104
|104 Hi Gulf Col.A S. Fe—7s, 1909
lstconsol.assented,l899
95
101
Detroit Div.—6s, 1921..
92
|
2d, Gs. 1923
75
Conv., assented, 7s, 1902. 103
Cairo Div.—5s, 1931
*
New River— 1 st, 6s, 1932 i
103«8 194
1
A
St.
Hann.
Jos.—8s,conv.
85
Adjustment, 7s, 1903.-.1
|105
Wabash—Mort. 7s, 1909 *
112
113*8
JO
Consol. 6s, 1911
T»8
Conv.deheut. 6s, 1908..!
TOO
Tol. A W.—1st, ext., 7s
....
1
...
..
.
—
-
.
'
"
...
-
--
'
j
!"94**|
\j’-'
■
Leh.AW.B.—Con.g’d.as.!
Am.D’k A Imp.—5s, 1921 j*
90
~~
,
I
Chic. M il. A St. Paul—
Pac.l)iv.,6s,1910
1st,Chic.A P.W.,53.1921
Min’l Pt. Div., 5s, 1910..
C.AL.Sup.Div.,5s, 1921;
119
123
!
117
Springfield Div.—Cp. 6s.
*1*1*0*
C.St.L.A N.O.—Ten.1.,7s
1st, consol., 7s, 1897
9134
^
Eastern Div.,
1920i
1st, Min’l Div*., 6s, 1921,
98 Ha
99 j Ohio So.—1st,
....
Sinking fund, (>s, 1929..
112Ha
Sink, fund, (is, 1929, reg
102 Ha
Sinking fund, 5s, 1929.. 102
101 Ha
Sink, fund, 5s, 1929, reg *
Sink’g fd. deb., os, 1933, **93** 93 Ha
EscauabaA L.s.—lst.fis
■*””i
Cleve. I*. A Ash.—7s
Buff. A Erie—New bds
Kal. A W. Pigeon—1st..
Dot. M.A T.—1 st,7s, 1906
Lako Siiore—Div. bonds
Consol., coup., 1st, 7s.
.
DesM.A Min’ap.—1st,7s!
Iowa Midland—1st, 8s..i 118
T 14
Peninsula—1st, conv. 7s *114
Chic.A Milw’kee— lst,7s' 119
Win.A St.P.—1 st, 7s, ’87; 101
no
iff
95
110
110
100
120
105 Ha
120
Consol., coup
.
>c\,x7s.J
i
Consol., reg., 2d, 7s
1*16*4
ibVi'l
111 Ha
116
j!
.
TOO
:
|
!
sub.6s, 1910
Peoria Dec. A Ev.—1st, 6s
Evans. I)iv.—1st, 6s, 1920.
Peoria A Pek.U’u—1st, 63 *
!
121
j|
72
50
"65
1
'
100
107
71
102 Ha 103
iU
|!
Sinking funds, 8s, ’93.
’
101
110
116
1
.
!
i
1
118
122 Ha 123
120
ij
I
i!
I
;
118
i
11 7 34
98
T20
1
too
|j
115
91
79
Cecilian Rr’ch—7s,T 907;
N.O. A Mob.—l st,6s,1930;
! i
j
!
i*()5**iI
*95 1105
N.—1st, (is, 1919 *95
79 I
General, 6s, 1930
i 79
1
Pensacola l)iv.—6s, 1920
**93*
St. L. Div.—1st, 6s, 1921 r
2d. 3s, 1980
j
9*6" j
|
2d, 6s, 1923
CMc.AW.Ind.—1st, s.f., Os'
Leban’n-Knox—Os, 1931
Geu’l molt., (is, 1932
j
Louisv. C.A L.—6s, 1931
CoLA Green.—1st, 6s,1916 *80
Trust bonds, (is, 1922...
2d, 6s. 1926
| *50
70
L.Erie A w.—1 at. (is, 1919
Col. H.Val. A Tol.—1st, 5s
Bel. L.A W.—78. conv., ’92
Sandusky D iv.—6s, 1919
If
i*3*6*'
Laf.Bl.A M.-lst, 6s, 1919
Mortgage 7s, 1907
Louisv.N.Alb.AC.—1st,
(is
Syr. Bing. A N.Y.—1st,7s
135’* M anhat.B’ch Co.—7s,1909
Morris A Essex—1 st, 7s i 30
:
113 Hi
N.Y. A M. B’h—1 st,7s,’9T
M.&E-2d, 7s, 1891
j
{
80
76
75
prices Friday; these are latest quotations made this
Pitts. Ft.W.A
f
Chic.—1st
65)4
65:,s
Spring Val. W.W.—1st,6s
i
,
INCOME BONDS.
104
Ch.St.P.AM.—L.gr.ine.,<;s
Chic.A E. 111.—Inc.,
75
100
85
90
68
100
98
E.T.V.AGa.—Inc.,Gs, 1931'
inc.’
Gr.Bay W.A St. P.—2d,inc. 1
Ind.Bl. A W.—Inc., 1919!
;
Consol., inc., Os, 1921.. J
Elizab. (’. A Nor.—2d,
9*6
_
90
92
'
17
*10 Ha
Ind’sDec.A Spr’d—2d,inc.;
Trust Co. certificates
Leh. A Wilkesb. Coal—’88'
Lako E.A W.—Inc.,7s, ’99j
To**
Sand’ky Div.—Inc.,1920|
Laf.Bl.AMun.—Inc.,7s,’99 j
10
10
Mil. L. Sh.A W.—Incomes j
Mob. A ().—lst.prf., deben.j
*6*6*'
..
106
-
19071
DesM.A Ft.D.—lst,iue.,0s
Det. Mack. A Marq.—Inc.j
102
*ii"
2d, prof.,.debentures
|t3d, pref., debentures.
4 th, pref., debentures ..
N.Y.Lako'E.AW.—Inc.Os
N.Y.P.A O.—lst,ine.ac.,7s
Ohio Cent.—Income, 1920
95
94 Ha
Evansv.Div.—Inc.,
**2*6-
50*’
6*
*7*"
**2l"“
......
1920j'
Peoria A Tck.Un.—Inc.,6s;
Roch.A Pittsh.—Inc.,1921 j
Rome W. A Og.—Inc., 7s.i*
So.Car.Ry.—Iuo., 6s,
135Hal36
12^4
30
Ogdens.A L.C.—Inc.. 1920
PeoriaD.AEv.—Inc., 1920
c.,7s
2d, 7s, 1913
95
week.
94 ^
1st, reg., 7s, 1900
78
.
No
Pennsylvania RR.—
Pa.Co.’s guar.4Hjs.lst,cp
j
....
*
43Ha!
Registered, 1921
Telegraph—7s, 1904)
Min’l Div.—Inc.,7s,1921
38Ha Ohio So.—2d inc., (5s, 1921
Consol., 6s, 1905
Income A Id. gr., reg..
1st.Rio G.Div.,6s,1930
Pitt.C.A St.L.—1st,
j 75
107
107
94 Ha
(Interest pauable if earned.)
107
107 Ha )
10 ‘4 10734 Alleg’nyCont.—Inc.. 1912
101
101 Ha Atl. A Pac'.—Inc., 1910...
*98
Central of N. J.—1908
Cent. I a.—Coup. deb. certs.
Gen’l mort., Gs, 1031..
So. Pac. of Mo.—lst.Os
Tex. A Pac.—1st, 6s,1905
i
106
Mut.Un.Tel.—S.fd,6s,191l!
Equipment, 7s, 1895.. j
il2*‘-
Nasliv. A Doc.—1st. 7s.
S.A N.Ala.—S.f.,Os,1910
St.Chas.Bge.—1st, 6s
West.Un.Tel.—1900, coup.!
1900, reg
i
1st, (is, Pierce C. A O.i
■
95
85
1919,"
No. Missouri—1st, 7s.!
N.W.
99
05
Reg., Ss, 1*93
j
Collateral Trust, 6s...;
do
5s, 1907
Kans.Pac.—1st, 6s,’95 106
100
1st, Os, 1896
Denv.Div.Os.as’d, ’99; 97
1st, consol., 6s, 1919 ★ 74
C.Br.U.P.—F.e.,7s, ’95
At.O.A P.—lst.Os, 1905
At. J. Co.A W.—1st, 6s
67
Oreg. Short L.—1st, 6s
Ut. So.—Gen., 7s, 1909:'
Exteu., 1st, 7s, 1
95
Mo. Pac.—1st, cons., 0s.‘
j
3d, 7s, 1906
Pac. of Mo.—1st, 6s... 105
io:?34
2d, 7s. 1891
St. L.A S.F.—2d, (is, Cl.A *93 Ha
3-Os, Class C, 1906
;1 88
3-Os, Class B, 1906... J1. 90 Ha
|
i
ior>4
*100
99
..
Clar’da Br.—6s,
TOO
I
102
100
I
9 7 Ha 100
Naples—1st, 7s
Ill. A So.Ia.—1st,ex.,6s
St.L.K.C.AN.—R.e.,7s
Omaha Div.—1st, 7sf
-1104
103
Central Pac.—G., 6s
San Joaquin Br.—Gs..
Cal. A Oregon—1 st, (is
Land grant bonds, 6s.
West. Pac.—Bonds, 6s
So. Pac. of Cal.
lst.Os
So.Pac.of Ariz’a—1st, Os
So. Pac. of N .Mex.- lstdis
Union Pacitic— 1st, 6s
Land grants, 7s, ’87-89
94
65
'86*
82
Q.A Tol—1st, 7s 1890
82 H:
Han.A
Panama— S.f.,
10*4*4 1*05*4
...
Long I si. RR.—1st, 7s, ’98
1st, consol., 5s, 1931
Louis. West.—1st, Os.-.
Louisville A Nashville—
Consol., 7s. 1898
80
j
E. K.A
116 3a 118
85
fd.
Equipm’tbds, 7s, ’83.
Consol, conv'., 7s, 1907' *5*7*
Gt.West’n—1st, 78, ’88 100
!
68
Qr.ATransc’l—68,’82-1922)
Or
6s.•
(50
regon
Imp.
Co.—1st,
5l)Ha
1
reg’n RR.A Nav.—lst.Os 101 j 105
j! Oleg’
'1
‘91
81
.
2d, 7s, 1893
1
68,1921
Orog’nA Cal.—1st,6s,1921;
..
Kent’kyCent.—M.6s, 1911:
...!
50
1st, St. L. Div., 7s, *89
2d. ext.. 7s, 1893
1st, Term’l Tr., 6s,
(is, 1921. J *75
Lako Shore—
M. S. A N. I., s. f., 7s
Clove. A Tol.—Sink’g
*....118
1898...i
1
Indianap. I). A Spr.—1st,7s, *99
2d, 5s, 1911
....1
Int.AGt.No.—1 st, (is, gold 1*0*7**
Coupon, (is, 1909
j
105 Ha
123 Ha
123
112 Hi
Consolidated 7s,
!
I
Middle Div.—Reg.,5s...
*92*
1902.'
2d, 7s, 1907
Ha'
*
i 101
1st. 7s. 1885
Coupon, gold. 7s, 1902..; 121
121
Mil.A Mad.—1 st,0a,1905'
C.C.C.A lnd’s—lst,7s,s.fd.
Consol. 7s, 1914
j
Consol, sink, fd., 7s,1914!
General consol.. 6s, 1934j
C.St.P.M.A O.—Consol, (is
C.St.PA M.—1st, 6s, 1918
No. Wis.—1st. Os, 1930.!
St.P.A S.C.—1st,6s, 1919
Chic.A E.m— 1st,s.f.,cur.
Chic.St.L.A P.—1st.con.os'
Chic. A Atl.—1st, 6s, 1920'
104
104
T01
107
115
Illinois Central—
92
j
2d, 6s, 1907
105
106
Gold, 5s, 1951
'....
111
116
105
i Ced. F. A Minn.—1st, 7s
93 V 9*3 34 Ind. Bl. AW.—1st pref., 7s
92 Ha
.
1st, 4-5-08, 1909
90
Wts.A Mill.Div..5s, 1921:
Chic. A Northwest.—
Sink, fund, 7s, 1885
*104
Consoh bonds, 7s, 1915.1 128
Extension bonds, 7s, ’85: 104
Regist’d, gold, 7s,
1st, M. L., 7s
1st, Western Div.. 7s
i
1st, Waco A No., 7s
j
consol.,
maiuelino.Hs
2d,
2d, Waco A No., 8s,1915
General, 6s, 1921
,
Houst. E. A W.Tex.—1 st, 7s
2d, 6s, 1913
i*26*
2d, 7s, 18^4
1st, 7s, I.A D. Ext., 1908 M 15
1st, S.W. Div., 6s, 1909.i 101
Chic.A
Houston A Texas Cent.—
8734
133
1st, 8s, P. D
; 128
2d, 7 3-10, P.D., 1898...I 116
1st, 7s, $ g.. K.D., 1902. *122
1st, LaC. Div., 7s, 1893.1 113
1st, I. A M., 7s, 1897 ...I 114
1st, I. A 1)., 7s, 1899.... *
1st, C. A M., 7s, 1903...! 121
Consol. 7s, 1905—.—
1st, 5s, LaC.A Dav., 1919
1st, S. Minn. Div., Os, 1910
1st, H. A 1)., 7s, 1910...
90
—
*3*8
1931!
St. L.A I. Mt.—lst,7s,pr.i.a.
St. L.A.A T. H.—Div. bds-i
"3*6**
45
32
THE
July 12, 1884. J
CHRONICLE.
New York Local Securities.
Quotations In Boston, Philadelphia and Baltimore,
Insurance Stock
ck List.
Par.
160
123
220
Chemical
Citizens’
100
2000
City
100
Commerce
Continental
Corn Exchange*....
East River
Eleventh Ward*
Fifth
Fifth Avenue*......
First
i
Fourth
:...
Fulton
Gallatin
Gariield
German American*.
100
100
100
25
25
100
100
Exchange
Broadway
Butchers’ A Drov’s’
Central
Chase
Chatham:
Germania*
Greenwich*
Hanover
Imp. A Traders’
..
.>
Leather Manuf’rs’..
Manhattan*
Marine
Market
Mechanics’
no
25
25
100
50
50
Mercantile.
Mercnants’
Merchants’ Exch...
Metropolis*
Metropolitan
Murray Hill*
100
.
New York
New York
100
Nassau*
County
.
N. Y. Nat. Exch....
Nintli
North America*
North River*
Oriental*
;
Pacific*
Park
People’s*
Phenix
Produce*
Republic.
Tradesmen’s
Union
United States
Wall Street
West Side*
•
•
•
......
......
...
......
.....
......
400
125
......
......
.....
......
155
100
150
255
138
......
160
......
155
140
*
......
....
135
.
......
1L7
......
......
...
60
225
230
Globe
50
50
Greenwich
25
100
Hamilton
15
Hanover
50
135
Home
100
Howard ...•
50
50
100
Irving
Jefferson
30
120
200
Kings C’nty (Bkn.). 20
40
85
Knickerbocker
100
Long Isl’d (B’klj'n) 50
T.nri 11 aril
25
Manufac. A Build.. 100 j 100
Mech. A Traders’
25
I 50
Mechanics’ (Bktyn) 50
105
Mercantile
50
oo
50
Merchants’
100
Montauk (Bklvn.)..
50
105
Nassau (Bklyn.)
50
| 145
National
37 V 85
N. Y. Equitable
35
150
N. Y. Fire
100
80
50
120
Niagara
North River
25 1 105
Pacific..
25
165
Park
100
100
Peter Cooper
150
! 20
50
108
People's
Phenix
1 50
140
115
Rutger’s
! 25
Standard
1 50
95
100
55
100
50
Sterling
25
115
Stuyvesant
25
Tradesmen’s
75
25
United States
125
Westchester
10 i 120
200
Williamsburg City. 50
90
240
250
83
100
115
85
80
115
225
440
115
290
65
115
145
140
65
65
126
210
90
110
50
......
85
112
65
105
no
150
95
160
95
130
...
130
I
......
!
i 120
.
!
145
150
155
......
161
100
.
no
175
108
165
115
147
j 125
j 100
60
60
125
85
.
.....
100
100 135
100
100
100 I 135
100 110
100
40 1
50 150
100
1 118
......
133
125
225
......
.
Citizens’ Gas-L.
Bonds
(Bklyn).
I
50
20
50
100
Jersey City A Hoboken..
Manhattan
Metropolitan
Bonds
Mutual (N. Y.)
(Bklyn.j
Scrip
25
20
1,000
100
..j
New York
People’s (Bklyn.)
Bonds
Bonds
Bonds
j
I
Var’s
Var’s
A. AO.
F. A A
J. A J.
Var’s
F. A A.
F. A A.
Quar.
11,200,000
259,000
1,850,000
| 756,000
,4,000,000
j2.500,000
700,000
.3,500,000
25 :
i
1
Var’s
50
i 1,000
'
1,000,000: Var’s
700,000 M.AN.
100 14,000.000 M.AN.
10 j 1,000,000!.J. A J.
! 1,000 !
Metropolitan (Bklyn.) ...j
Municipal
!
Bonds
Fulton Municipal
Bonds
|
!2,000,000
j Var’s
;
Williamsburg
Period
1,000 I
Harlem
Nassau
| Amount.
Par.
100
100
1,000
100
4(H),000 M. AN.
[ 100,000 J. A J.
11,000,000 Quar.
1,000,000! A. AO.
n,ooo,ooo;
3,000,000, Var’s
750,000 M.AN.
3,000,000 j..
300.000 J. A J.
'Too 2,000,000 i
Equitable
118
115
80
12
Rate
Date.
*
111
102 Ha
84
109
7s
31
98
113
Ogdensb.A L.Ch.—Coii.6s
2d, 7s, cp. 1896
Gen., 7s, 1903
Debenture 6s, reg
Income
Old Colouy—7s
6s
Pueblo A Ark. Val.—7s..
Sonora—7s .i
STOCKS.
Atchison A Topeka
Boston A Albany
Boston A Lowell.
Boston A Maine
Boston A Providence....
Cheshire, preferred
Chic. A West Michigan..
Cinn. Sandusky A Clove.
Concord
Connecticut River
Conn. A Passumpsic
Connorton Valley
Det. Lausing A No., pref.
Eastern, Mass
Flint A Pcre
Preferred.’
Marquette.
Fort Scot t A Gulf
Preferred
Iowa Falls A Sioux City.
Kan. C. Springf. A Mem.
Little Rock A. Ft. Smith.
Louisiana A Mo. River..
Preferred
Maine Central
Manchester A Lawrence.
Rutland—Preferred
Revere Beach A Lynn
X
14
PHILADELPHIA.
RAILROAD STOCKS, f
Allegheny Valley
89
.
129
106
105
92
155
80
310
100
125
no
93
207
108
138
no
92
Preferred
Catawissa
'
1st preferred
2d preferred
Delaware A Bound Brook
East Pennsylvania
Elmira A Williamsport..
Preferred
Br’dway & 7th Av.—Stk.
1st mort
Brooklyn City—Stock..i,.
1st mort-
Bklyn. Crosstown—Stock
1st mort. bonds
Bushw’kAv. (Bkln)—St’k
Central Crosstown—Stk.
1st mort
Cent.Pk.N.A E.Riv.-Stk
Consol, mort. bonds
Ohrist’ph’r&lOth St—Stk
Bonds
DryDk.E.B.A Bat’y—Stk
100
900,000 1J. A J.
J. A J.
700,000
100 2,100,000
1,000 1,500,000
10 2,000,000
1,000
800,000
J. A D.
Q.—F.
J. A
J.
100
200,000 A. A 0.
1,000
400,000 J.AJ.
100
100
1,000
100
1,000
100
1,000
100
1st mort., consol........ 500Ac.
100
Scrip
100
Eighth Av.—Stock
100
Scrip
42d A Gr’ndSt.F’ry—Stk
100
1st mort
1,000
100
Houst.W.St.&P.F’y—Stk
1st mort
500
Second Av.—Stock
100
3d mort
1,000
Consol
1,000
Sixth Av.—Stock & scrip
100
1st more
1,000
Third Av.—Stock
100
1st mort
1,000
100
Twenty-third St.—Stock.
1st mort
1,000
*
Q.-J.
’84
23
34 J ::iy,
July, 1900 109
7
2
5
3V
5
4
7
2
500,000 Q.-F.
600,000 Q.— J.
IV
250,000 M. AN. 6
2
1,800,000! Q.— J.
1,200,000
J. A D.
7
650,000 F. A A. 2 V
250,000 A. AO. 7
1,200,000 Q.—F. 2 Ha
’84
June, 1901
May, ’84
J an., 1902
158
103
212
106
April ’84 150
Jan., 1888 105
M ay,
’84 160
July, ’84 145
Nov., 1922 no
July, ’84 139
Dec., 1902 118
’84 130
Feb.,
Oct., 1898 110
May, ’84 195
June, ’93 114
Feb., 1914 103
J uiy,
’84 265
Feb., 1914 105
’84
250
May,
April ’93 112
Mav, ’84 125
July, ’94 no
J uly,
’84* 195
July,
,
900,000 J. A D. 7
1,200.000 F.A A‘. 6
1,000,000 Q.-J. 2 Hi
1,000,000 F A A. 6
748,000 M.AN. 6
236,000 A. A O. 7
250,000 Q.—F. 2
500,000 J. A J. 7
1,862,000 J. A J. 5
150,000 A. AO. 7
April
L,050,000
1,500,000
500,000
2,000,000
2,000,000
600,000
250,000
M.AN. 7
M.A S. 10
J. A J. 7
Q.—F. 4
J. A J. 7
F. A A. 4
M.AN. 7
May,
25
150
60
112V
141
119V
135
116
205
116 V
104
285
no
205
117
140
Phil. Wil. A
139
H>!
Gen’l 6s, 1921
112
205
’85; IOOHj 101
’88 105
106
335
’84; 320
’90 no
115
’841 275
280
’90 111
113
Mch.,
July,
May,
Jau.,
Feb., ’84! 168
May, ’93! no
173
113
This column shows last dividend on stocks, hut date of maturity on bonds
Income, 6s, 1923
Income, 5s, 1914
Sunbury A Erie—1st, 7s.
Sunb. Haz. A W.—1st, 5s
2d, 6s, 1938.....
Syr.Gen.A Corn.—1st, 7s.
Union A Titusv.—1st, 7s.
V.
130
59
9
Gen., 4s,
Ha
Ha
12
50
50
14
j
52”
130
Lehigh Nav.—6s,reg.,’84.
Mort. RR., reg., 1897
Cons., 7s, reg., 1911
Greenw’d Tr., 7s, reg...
104
..
’Morris— Boat Loan rg.,’85
64
64
52 78
12 Ha
108 Hi
Tiv
11
I Pennsylv.—6s, cp.,
‘Sclmyik.
|
BALTIMORE.
RAILR’D STOCKS. Par
Atlanta A Charlotte
Baltimore A Ohio
100
1st pref
2d pref
Parkersburg Br
50
Central Ohio—Com
50
Pref
’
50
Western Maryland
50
RAILROAD BONDS.
Atlanta A Chari.—1st
Inc
ColumbiaA Greonv.—lsts
10 Hi
118
15
Ashtab. A Pittsb.—1st,6s
1 st, 6s, reg., 1908
Belvid’e Del.—1st, 6s, 1902
102V
102
62
70
176
179
130
125
130
\ a
12Hi
No.Central—6s, ’85, J.AJ.
6s, 1900, A. A O
6s, gold, 1900, J. A J
5s, Series A
9Hj
55
14
105
73
96
102 Hj
ioT 109
102
101V
96Hj
61
27
93
2ds
RAILROAD BONDS.
Allegh. Val.—7 3-10s, ’96
105
89
2d, 6s, reg., 1907
;
Cen. Ohio.—6s, 1st,M.AS.
Chari. Col. A Aug.—1st..
2d
Cin. Wash. A Balt—lsts.
2ds..
3ds..
40 Hi
90
1910..
Nav.— 1st,6s,rg.
Balt.AOliio—6s„’85A.AO
Pennsylvania
2d, 6s, 1885
.3d, 6s, 1887
Cell’s Gap—1st, 7s, 1893.
1st, 6s, 1905
Consol., 6s, 1913
Buff. N.Y.A Phil.—1st,6s
2d, 7s, 1908
Cons. 6s, 1921
115V
1114
CANAL BONDS.
Ches. A Del—1st, 6s,1886
*
Westchester—Cons. pref.
100
97 Hj
63
27 V
95
58
100 V
114Hj
100 Hj 102
yy V
5s, Senes B
Pittsb. ACon’ells.—7sJAJ
119V 119V
Union
112
RR.—1st, gua.JAJ
116
Gnuton endorsed
Ha*
117
....
1st, Tr. 6s, 1922
Ex-dividend
98
old, 1923
1st, 7s, 1899
Cons. 6s, 1909
| 112
W. J ersey A At 1.—1 st ,6s,C.
108 Hj
Western Penn.—6s, coup. 104 Hj
6s, P. B., 1896
Gen., 7s, coup.. 1901
4=4
4 H
West Jersey
West Jersey A Atlantic..
CANAL STOCKS.
*
■
Warren A F.—1st, 7s, ’96
Wost Chester—Cons. 7s..
W. Jersey—1 st, 6s, cp.,’96
10
7s, E. ext., 1910
Inc. 7s, end., coup., ’94
95
50
United N. J.—Cons.6s,’94
Cons. 6s, gold, .1901...;
Cons. 6s, gold, 1908
52=8
.
121
75
Pitts. Titus. A B.—17s,cp.
ShamokinV. A Potts.—7s
Shen. Val.—1st, 7s, 1909
50V
Nav., pref...
91Hi
Balt.—4s.tr.ct
PUts.Cin.ASt.L.—7s, reg
9=8
Nesquehoning Valley....
Schuylkill
104
Cons., 5s, 1920
j Phila. Newt. A N.Y.—1st
Phil. A R.—1st, 6s, 1910..
2d, 7s, coup., 1893
117 V
Cons., 7s, reg., 1911
107
107 V
Cons., 7s, coup., 1911.. 117 V 118V
19
Cons., Os, g., I.R.C.1911 no
*94
Imp., 6s, g., coup., 1897
75 V 77V
Gen., 6s, g., coup., 1908
120
Geu., 7s, coup., 1908
67
Income, 7s, coup., 1896
45
To”
Cons. 5s, 1st ser.,c.,1922!
16 ”
Cons. 5s, 2d ser.,o., 1933
13 V 14 V
Conv. AdJ. Scrip, ’85-83
Debenture coup., 1893J
Scrip, 1882
Conv., 7s, R. C., 1893..t
Conv, 7s, cp.off, Jan.,’85
61
62
Lehigh Navigation
102
Cons., 6s, 1920
Preferred
Little Schuylkill
Minehill A Sell. Haven...
Phila. Ger. A Norristown
Phila. Newtown A N.Y..
Phila. A Reading
Phila. A Trenton
Phila. Wilm. A Balt....
Pittsb. Cin. A St. L.—Com.
Uuited N. J. Companies
101
Perkiomen—1 st, 6s,cp.’87
Phil. A Erie—2d,7s,cp.,’88
.....
63 Hj
Pennsylvania
Philadelphia A Plrie....
H6H3
7,1906
! 34
| 11
10
101
163
76
116
—
1160
Preferred
Northern Central
North Pennsylvania
103
122 V
—
105
Preferred
110 ^
165
105
216
no
160
112
165
155
Norfolk A West.—Gen.,6s
N. K. Div., 1st, 6s. 1932;
,
:-j!64
Norfolk A West’n—Com.
1,000
126
]
Creek—1st, 6s, coup..
Huntingd’n A Broad Top
Lehigh Valley
i'oOH
Pennsylv.— Gen., 6s, reg.
Gen
6s, cp., 1910
Cons., 6s, reg., 1905
Cons., 6s, coup., 1905...
Cons., 5s, reg., 1919
Pa. A N. Y. C.—7s, 1896.
62
617.
....
Ashtabula A Pittsburg..
Preferred
Bell’s Gap
Buffalo N.Y. A Phil
Preferred..
Camden A Atlantic
121
134
120
[Oil City A Chic.—1st, 6s..
Oil
...
131
94
no
122
[Quotations by II. L. Grant, Rroker, 145 Broadway.]
Bl’cker St,A Eult.F.—Stk
1st inert
I
85
19
Ask.
295
239
2d, 6s, 1900
Cons. 6s, C.A R., 1923..
N. O. Pac.—1st, 6s, 1920.
No. Penn.—1st, 6s, cp.,’85
Preferred...
5
May 1,’84 128
3
92
Julv 1, *84
3 Ha S’g'F., ’99 107
3
|Feb. 1,’S4 120
7 V July 1, ’84 155
5
lJuiio2,’84i 285
5
: Apr. 13,’84; 235
1
3
1902
107
2 V1 J ul v, 1884! 125
104
2
IJune 2,’84:100
2 VMay 1,’84
89
5
jMay 1, ’84 152
3
'June 2,’84 7 5
3 V May 1,’84 106
3
I Apr. 1,’84
07
2 V Apr. 21’84 115
3
1900
106
3
July 1, ’84 90
J ’nolO.’Bt 203
5
1888
3V
106
3
J’ne 2. '84 133
6
1900
107
IthacaAAth.—1st, gld.,7s
6s, 1882...
6L‘‘ Leh.V.—lst,6s,C.AR.,’98
2d, 7s, reg., 1910
'
9714
Rutland—6s, 1st
1890
Junction—1 st,
311*
88
England—6s.
12-
Harnsb’g—1st, 6s, 1883
'89” To"
Scrip
Catawissa—1st, 7s, con. c.
Chat. M., 10s, 1888..,..
New 7s, reg. A coup
120
Cliart’rs V.—1st, 7s, 1901
Connect’g 6s, cp., 1900-04
Cor.CowanA Ant.,deb. 6s,
Delaware- 6s, rg.A cp.,V
Del A Bound Br —1st, 7s 125
East Penn.—1st, 7s, 1888
Easton A Arub’y—5s, 1920 104 V
El AWmsp’t-1 st,6s, 1910
5s> perpetual
H. AB.T — 1st, 7s, g.,
Cons. 58, 1895
114
GV
N. Mexico A So. Pac.—7s
,
I
60
Tol. Cinn. A St. Louis
Vermont A Mass
Worcester A Nashua
Wisconsin Central
Bid.
13
112*3
Mexican Central—7s
Income
N. Y. A N.
108
Mort., 6s, 1889
Atl.—1st,7s,g.,’93
2d, 6s, 1904
Cons., 6 p. c
Cam. A
12
5s
new.. 108
Fort Scott A Gulf—7s
! 113
K. City Lawr. A So,—6s.. 104
K. City St. Jo.-A C. B.—7s 113
Little R. A Ft. S.—7s, 1st
K. City Sp’d A Mem.—6s
Ask
Bid.
[Cam. A Burl. Co.—6s,’97.
...
•
SECURITIES.
Buff.Pitts.A W.—Gen.,6s
Cam. A Amboy—6s, e.;’89
East’rn, Mass.—6s,
Marq. Hought’n A Ontou.
City Railroad Stocks and Bonds.
[Gas Quotations by Geo. H. Prentiss & CO., Brokers, 11 Wall Street.]
,
Nebraska, 6s.. Exempt
Nebraska, 6s.Non-ex’pt
Nebraska, 4s
Conn. A Passumpsic—7s.
Conuotton Valley—6s
Preferred
Nashua A Lowell
N. Y. A New England
Northern of N. Hampsh.
Norwich A Worcester...
Old Colony
Portland Saco A Portsm.
CJus and
Brooklyn Gas-Light
...
-
......
GAS COMPANIES.
Atch. & Topeka—1st, 7s.
Land grant, 7s
Atlantic A Pacific—6s
Income
Boston A Maine—7s
Boston A Albany—7s
6s
Boston & Lowell—7s
6s.
Boston A Providence—7s
Burl. A Mo.—Ld. gr., 7s.
...
75
110
...
i
50
100
100
125
125
120
75
.
150
..
110
MO
100
116
98
30
25
50
100
25
20
50
160
145
115
90
105
75
70
110
297
135
105
230
50
110
135
..
175
170
....
|
100
100
100
70
153
30
50
Farragut
17
Firemen’s
Firemen’s Trust....
10
100
Franklin A Emp..
...
Guardian
......
,140
165
100
Empire City
Exchange. T
German-American
Germania
.....
155
113
Ask.
BOSTON.
Ask.
145
105
70
100
50
100
40
__
.
118
115
175
Bid.
20
Commercial
Continental
Eagle
150
50
100
25
25
17
Citizens’
Clinton
i*25
......
.
St. Nicholas*
Seventh Ward
Second
Shoe A Leather
State of Now York*
Third
•
City
270
149
105
150
100
100
50
Exchange...
Bowery
Broadway
Brooklyn
180
100
Mechanics’& Trade’
Amer.
155
13a
100
100
30
50
100
75
100
100
25
100
100
50
100
50
100
American
......
25
German Exchange*
Irving
170
124
Par.
Bid.
SECURITIES.
PRICE.
COMPANIES.
Ask.
Bid.
100
100
25
25
100
100
25
America*...
Amer.
List.
[Prices by E. S. Bailey, 7 Pine St.]
PRICE.
COMPANIES.
Marked thus (*) a
not National.
45
t
Virginia A Tenu.—5s
8s
92V
107
W.Md.—6s, 1st,
g., J.AJ.
2d, guar., J. A J.
2<i; guar, byW.Co.,J.AJ.
6s, 3d, guar.. J. A J
Wilm. C, A Aug.—6s
no
104
Wil. A Wemon—Gold, 7s.
t Per share.
4 In
default.
99
115
5 Ex-rights.
105V
ios”
46
THE
RAILltOAl*
CHRONICLE
EARNINGS.
New York
earnings and the totals from Jan. 1 to
latest date are given below.
The statement includes the gross
earnings of all railroads from which returns can be obtained.
KL.RCkMivA
Banks.
The columns under the
the gross
heading “January 1 to latest date” fur¬
earnings from January 1 to, and including,
Latest
Week
or
Earnings Reported.
Mo\
18*4
I
May
May
4t
Chicago A Alton
439,795
408.431
5G,228j
6,892,786
00,782
6,107.909
1,278.745
117,OOOj
131,000
2,311,712
D3;f»35
666.986
1.2-0,858
2.3 57,502
577,825
lstwkJulj'1
I
Chic. Hurl. A O
Chic. & East. Ill
iHt
Cln.Wasli.ABalt.
Clev.AkronA i o!
Clev.Col.C.A hid
Denver A Rio ft r.
Dew Mo. A Ft. I).
Dot.Lans’gA No.
Dub.ASiouxCity
Eastern
E.Tenn. Va.AGa.
Evansv. AT. II.
Flint <V: P Marq.
Flor.R’wav A N.
Ft.Worth
Den.
Grand Trunk...
Gr.BayW.ASt.P.
Gulf Col. ASanFe
Hons E.A W.Tex
b 111.Cent. (Ill.)
Do
(Iowa)
Ind. Bloom. A W
Ft.8.A Gulf
Kan. C. 8p A M.
101,043!
il.780.0
ntj2,129,226 10.476.000
258 800
323.845 1,708.2 17
57 800
56.022
32 1.3 >1
wkJuly
151,475
150,735
m »v
.113)81,127 2,009.872
Ith wkJ’nc
31,56 •
81,156
Chic.&Gr.Tnnik Wk Mar 8
Chic. Mil. & St.P. 1st wkJuly
Chic. A Nortliw.
Cb.St.P.Min.AO.
Chic. A W. Mich.
Cin.Iml.St.L.AC.
Cin.N.O.AT. P.
8
78.359
June
Juno
Chesap. & Ohio Juno
Eliz.Lex.<fcB.S. J mu
...
1st wkJuly
1 st wkJ uly
4 th wk.J’iie
June
60.057
59.603
416,000
425,488
40(1.000
0 1.200
33,168
764,031
199.929
1,110,i53
208,208
1.004,823
May
294,624
15,071
339.836
May
508 7‘4
620.018
3d wk J’tie
3d wk .I’ne
4ih wkj’ne
May
1st wk J’ne
4th wk Pne
4tli wk Pne
Itii wkj’ne
3 wks J’ne
WkJ’lie 28
4th wk.I in*
June
A i »i*i 1
j
.til wk ’lie;
4Ml Wk J’lie
June
d wk J’ne
3d wk J’iie
i st wk
Lake Eric A u
May
JL.Rk.A Ft Smith .1 iiiio
T. June
..
44,405
5,90 >
25.703
15,342
6,074
28,062
275,159
283.345
60,435
60.041
1,457.525
2,450.715
149,9 !1
642,661
419,224
1.307,112
1,211,495
1 7,202
518.791
216,500
7,968,503
170,841
797 6 8
9,032,379
J4,807.613
4,9* *‘9,667
19 273
31.100
338,753
24.100
373,092
6.898
12 7,784
139,156
9 3 49
1 1.356
24,884
176.' ’55
37,684
173.400
29.100
197,013
38.915
792,026
217,574
27,712
2 2.639
09,93 «
56,934
I5,(iu3
239.8 10
22.827
30.750
23.100
106,549
S3,o0 1
23.500!
22 5*405
15 1,330
1,23 :,91 *1
1 3.4’9
6,564.571
30 1.205
627,663
1,128 82
2 I 9,6ol
.
..
..
Bt.PaulA Dul’th 1st wkJuly
Bt.P.Min.A Man. June
Bouth Carolina
May
So.Pac Cal ,N D. via roll
Do So. Div. // March....
Arizona //'March
N. Mow h
Tex.A St. Louis i
Union Pacific
Utah Central.
..
March
3d wk
J’nej
April
May
Vicksb’rg A Mer.! May
Yicksb.Sh A Pac.'May
West Jersey
iMay
Wisconsin Cetit’l 3d wk J’ne
1*5.287
1.199,30 1
156,8 42
6,375.3*3
225,652
5
41,907
255,123
229.690
645.77(i
494,163
532,877
406 020
972 155'
963,146
931,329
983,224
161,31*
1,307.968
6,389.903
1,358.629
7.711.102
2,4 48,6 J6
377.313
1,205,036
51,593
499.131
186.700
334,237
2.203,620
1.161,222
337,844
2,4(8 450
19 929
6,156.82-
3,719,760
477.9*1
36,29vt
26,148'
137,362!
29.6.: 8
22.69
13 7.3-561
19,457
21,219!
15.390!
5,606
10.259'
73,100;
27,538
4 4.09
3 1.755i
1
7
23,
765'
t,l!
14.335
-
17,665
6,811
5,9 1
55.300
30.350
592 871
40.487
66 1291
378,591
71,349
393,348
91.302
22 1,452
80.58 5
2 19 1,0 -6j 1.752 272
54 1.74 6
523.272!
763,83-! 3,657.518
2 19 2-57
I p_vm;2;
41 4,4 3 5
54,162
18,c5“
79,63
75,<*89
79,769
J
24-,9 23,
>
3,912,542
521.564'
570.012
2 47,977
23 *,803
827,127)
23.148
32,510j
2.658
92,113'
20.235'
991,095
460,732
r>8 • ,706
163,74*
1*5,55
341,985
2,1 :.-,905 2,363.277 7,1-8, *54
85.260)
97,671!
388,4314
388,43
5.6851
102,9 59-
1,188
599 083
50.163
652 749
682 330,
74.660'
95,58
31,157)
44
1.744.587 1,799,661
1,382.360 1.465,787
1,780.721 1.907,970
19, t‘27.0'5 20.195.706
363,281
333.989
1.324,414 1,598,468
7.961.412 8,155,371
4.108,489
5,970 562 5,623.6*76
1,825.10 1 1,764,806
357,-90
393.7*9
298,855
366,845
6)1.271
605.3 s l
190 934
146.364
2 24.544
540,700
125,845
18.147
21.6.-8
193
192 4"0
4"0
8,3 15,113
494.650
201.876
49,083
31.582
415.C43
415,133
369.161
182,672
636.1*:
t
:
491.300
333.900
463.900
95.600
1 14 0
0
N.
Y.
County
rmau-Americ’n.
Chase National...
4
621,000
1.603,400’
,830.000
241,300
45,000
18,400'
Fifth
(J
Avenue
rman
Exch’ngo.
1,88 4,400!
3,311,900!
1,275, *00;
929,100!
1.0 3,600 j
Germania
United States
Lincoln
Garfield
Fifth National
Total
2,600
525,000
11,100
2.336.900
1,106,30(1
4,751.400'
12,394,000
246.600
145.700
151.500
378,600;
643.800
343 "09!
261.090:
339, 00
289, >00
82.000
213.200'
2,203,400
305,900
64.000'
683,600!
44,700!
215,709!
210.300
477,000!
727.600!
-
1,0 38,300
.9 4,8901
3.195.600
2,9*7,100!
8.564.500
5*26*5*00
2.46*,009
400,000
1,175.000
2.788.600
2.371.4 00!
1.305,000
265,400
4*39**3*66
307,9()u)
2,151,100,
255.200
1.760.900
184,000
311,000
2,560,000!
4*43*50*6
616.300
5.121.700
1,8! 9,000!
*62,10*6
3,999,000)
4.528.000
116.300
286,400
182,700,
199,200!
138.800
322.800
810.200
545,700
128,000
92,200
463.900
1.073,100
1.791.900
2.308.700
2.223.900
3,915,000
lOO.lOO!
318.800'
149,9 0
304,000
146.200
118.200
178.500
176,200 1
105.500
75,600
122,4 0
i*. 6*0*0
45,000
5,400
1.-06,000
817.800
210.800
21
3,459,200)
454,000!
374.000
956,900
894,600
404,000
2,539.700!
109.700
534,800'
1.867,300
923,400i
2,393,800'
1.73 4,300
292,500
982,800
295.200
146.400
429,600!
1.878.800
1,825,000'
2
797,9*00
4,803,700! 1.944..*00 15,55’,900
48". GOO
1,1.-6,900!
5.4 50,400
1,11.5,900'
369U00!
5,717,900;
447.200
2.51-7,200!
G
1,100
263,800
2.185,600'
3.357.900
186.500
165,900)
4,500.660
1,329*10*6
45,000
224.000
360,000
297,000
45,000
597,200
449,900
276*6*0*6
222,000
180,000
*45*66*6
2.509.500
*
2.219.900
2.122,5001
2,746,900!
1,424,5001
449,900
44,700
178,800
135,000
865,900
1,040,900
J2.)2,n<>8,900 60,851,800 28,027,000 290,301,000;i4,437,600
1881.
Loans.
Specie.
L.
Tenders.j Deposits.
•
Circulation.Ajg. Clear'gs
293.052,700 51.3is.600128,84 6.000 280,698.100 14,399,400 532,941,144
28 293.450.500 55.817,900'28.843.300 286,1 58,300
14.384,500 607.035,639
July 51292 608,900 00.851,800 28,027,000 290.304,000 14,437,0; 0 552,672,882
Boston Banks.—Folio wing are the totals of the Boston banks:
1884.
Loans.
Specie.
$
$
J'iio23 138.539.300
30 138.159.300
6,715,000
6,773,200
uly 7 138,562,900
6,697.000
“
J
L, Tenders
DepositsJ
$
3.909,500
3,695,900
3,532.000
Circulation Agg. Clear'gs
$
$
86.876.400 23.332,700
8.4.324.400 23.418,000
85,223,900 23,4 94.500
$
59,232.042
59,987,282
64,227,444
Philadelphia Banks.—The totals of the Philadelphia banks
are as
follows:
1884.
Loans
Lawful
$
Juno 23....
74,373,014
73,525,885
73,123,991
“
30....
July
7....
*
Including the item “due
Unlisted
week past:
Elevated-Ass’tpd
$
1st mort .ass’t paid
California Pacific
.:
2d m. Guar, by On. Pac.
6 t.436,4 11
64.40*.37 4
Chicago A Grand Trunk..
Cin. W. A Bait.—1st inc..
Commercial Tel. Co.—St'k
Prof
Coininental Const. I mpJ’o
Denv A Rio Giande—C'ons
5s
Den. It. G. A W., 1-t, M.,
Guar, by D. A II. G
Georgia Pac — 1st mort.,6s
2d mort
Lebanon
M
lonai—ls‘...
.
M exii a>i N at
Mahoning Coal A HR
Mexican Bonds—3 p c
Wood ho us •
Mo. Pacific -Old stock....
Cowdry ctfs
Holmes
...
.
.
....
j
49,996,041
43,328,219
51.512,793
■
latest quotations for
Bid.
|Mich. A O., snb fill! paid.
)N. Y. M. U11. To .—Stock.' 43
IN. Y. W. Sli.
22
A
|N.Y. Penn. A o.—2d. inc
3d mort
| At1..A G. \V\, com
h
V
44^
! Incomes
.....
1
1
.
'Pensacola A Atl.—Stock.
.....
I1*
!
95
I
1st mort
Telegraph—Stock
'Postal
0s
jPeople’s Telephone..
!
13
11
10
1st
mo: t.,
8>h
|
1
Pi
j
!
I
..D
1
f
•
2d mort..’stamped lb8.’.
Joseph A Western
St. Jo. A Pac., l>t mort.
....
2d
mo
t
.
Kans. A Nob., 1st mort
2ll
.
1IHT
.
Texas Paciti
Old scr p>.
Now sc ip
Tex. St.L.,M.AA.div.,as.;v
i M. A A. Div., 1st mort.
U. S. Electric Light
Vicks.shrove.A Pac
Vicustmrir A Me,ridia”..
—
5
14 Vj
.
14
.
■C
Wisconsin Centra!
!
'
m.
Sol. R. A I).—1st, stpd ’82
2d mort., sta uped 1880
St.
:
5*8
38^
10 34
v.1
Pori llo al A Aug.—1st
iRutlaml Railroad
23
10
33
3
15
.
..
North. Pac.—Div. boiuls..'
jNor.h liiv. Cons.—100 u.c
.Oliio Cent.—Itiv. Div., 1st
5
25’
80
Ask.
B.—stock.!
|
.....
a
85
.
5
7*4
>p-iiigs—Is*
$
'
Securities.
.........
Keely Motor
are
Ask.
Chicago A Can. So—St’ck
1 st mort
$
8.439,72/
8,4 16.013
8,259,933
65,120,091
*8*i
.
Circulatinn.!Agg. Clear'gs
to other banks.”
Bid.
Pac.—6s, 1st M
Blocks, 31 p. c
Accmml. land grant.;..
A>n. Bank Note Oo
Am.Safe Dep. per. dcb.bds
Boat. 11. A E.—Now stock
Old
Host. 11. T.A West.— St’ck
Dehen lu res
B’klyn
Deposits*
Securities.—Following
Securities.
_
Atlantic A
MoneyJ
$
18,287.842
18,291,689
17,980,136
.
Includes Southern Kansas lines in both
years,
b includes Southern
Division.
r Including liorh divisions.
//Corpus Christi to Sul'i lo,
397 niili s; up to May embraced only 2 16
miles,. La edo to SaPillo
€ Only
161 miles now. but prior to
May renres-mted v97 miles.
/Whole South western system.
/Not including earnings of New x ork
Penn. A Ohio road.
h Included, in Central Pacilie.
earniturs above.
Embracing lines in Missouri, Arkansas and Texas
a
4.8 J7,6o0
4,100.000
42,700
I.*, 521.1 (10
Bowery
31.322
1-5397
361.0:9
1,960,000
9.895.300
1.565.300
1,422.200
17,160,300
“
40,073
477,84-
88.091
9.179.600;
185.500
418,009
137.300
107.200
284,400:
354,400
4,1-9.500.
The folio wing are totals for several weeks
past:
368,958
25.6521
78,580!
1.906.100
2.6 ‘ 1.600
...
16 t,222
2,223,538
9-2 ',580
226,200
2.7 -'4,200
Third National
N. Y. Sat. Exch._
828,307
87.054
...
.
24*2*9*3*4
142,403
..
.
2*ii*788
582,080
312.680
Va. Midland
M y
West. No. Car. June
Roch. A Pittsb’g 1st wkJuly
Rome Wat.A Og., \l av
Bt.JohnsO.AL.O.; March
Bt.L.AltonAT.H. 3.1 wkJ’nc
Do
(hrclis.) 1th wkJ’m
St. Louis A Cairo 2<1 wk A or
St. L. Ft. S. A W 4rli wk I’m
Bt.L A San Frau. 1st wkJuly
191.0 :1
836.700
451,205
86,761
435,144
439.001
4.267,173 1.303,006
Peoria 1 lee.AEv. 1th wkj’ne
14,245
13,139
13,1391
Pliila. A Erie
May
296,8531 363,359
Pliila. A Read’g May
1 ,*8 L757! 1,096.877
Do
Cent.N.J. May
943,185)
C. A Iron I May
o.
Do
1.882,2l9j
1.295,053
Richm’d A Dan v. juno
2 >1,8191
253.691
Ch.Col.A Aug. June
ColumbiaAGr. June
163.700
353,94
..
Oregon Imp. Co day
Oregon R.AN.Co day
Pennsylvania
May
,*49
7,537,700-
12 *,800
416.100
104.000
$
450,000
6,922.000;
5,236,700! 1,494,300 19.043,700
Park
1 1.733.000, 2,523,600
1,682 2001 17.300.700!
Wall Street
i
1.441.600
116,500!
119,500.
1.157,700!
North River
1
1,53 4,000!
14 3,000
20,000!
1.617,000
East Itiver
i
1,0:'•2,700!
118,900!
132,200'
833,500!
Fourth National..' 12,911,000 2,422,000
827.500; 12,184,000
Central National..
6.536,000
677,000' 1,352,000
7.248,000
Second National..'
l,3b5,900!
243,000
558.000)
1,939,000
Ninth National...
5.031,200!
630.100
4,363,100
316,400;
First National....
12,941,600; 2,586,100;
676,900' 12,65 1,400
44 1.022
835,030
511
2
...
1.262,002
1,097,583
7.>■*)-<,6(>0
2 770,200
\()<)0
2.227.800
Citizens’
Nassau
Market
St. Nicholas
Shoe & Leather..
Corn Exchango
Continental..... ..|
Oriental
I
Importers’A Trad.'
338.2 58
93 ‘,527
1,3*7,514
...
Metropolitan
1,590,828
1,221.021
1.5 <1,4001
2.8 >9,3001
Irving
502 2-0
1,337 02 >
15,78 t
2.252.600
4,120.760
3.013,800
North America
Hanover
130,542
635.136
57.750
5.664.800
Peoples’
1.642,142
15.000
27.73 1.600
6.407.900
..
$
!
9.314.000
) 27.000' 1,048,500 !299.400
4.313,000; 1,640,000! 2.262,000
4
1
Chatham
2 69 J.426
50,377
HI8.lA)
810.000
999,200
3.164,200
1.1 30,400
Pacific
865.837
2 50.431
225.604
1.660,000;
Republic
1,158 132
948,6 16
1,604 512
327,64 !
l!
Norfolk A West
3 dys J’iie
ShenandoahV
3 des .Pne
Northern Ccntr’l May
Northern Pacific st wkJuly
Ohio Central
id wk J’uc
Ohio A Miss
st wk J’ne
.
,
way
Mercantile
754,741
793.578
20,628
Long Island.... 1st wT July
111,855!
La. A Mo. River March
59.8 12
02,9 J
Loinsv A Nashv. J line
1,04 *,B85 1 090,700
Mar Hough.A O. .id wk J’ne
37,504
20,833
Memph. A Cliarl. 3 wks June
56,589
81,312)
Mexican Cent.c May
265,3451 158,200
Mex.Nat., No J)d .st wk J’ne
12.900
Southern Div. 1st wk J ’ne
1.5.250)
Other lines e... 1st wk J’ne
3,525!
Milwaukee A No J ne
45,088!
41,17.5
Mil. L.Sii.AWest. 1st
wkJuly
I9,s?5:
18,350
Minn. A St. Loui- April
i
156.0 4 j
1 15.866
Missouri Pac./'..’ June,
2,653,271 2.577.07O
Wab St.I..A P. 01 wk J'n«
277.ooo; 269,000
Mobile A Ohio
June
130,243
123,72'
Nash. Cli.A St.L. \1 a v
190.751, 171,079
N.O A Northeast May
8,968
28,408;
N Y. A New Fng May
273.7021 303,03 5
N.Y.L.ErieA W.o May
1,30 ',54511,640.174
N. Y. Pa. A o'.
May
N.Y Susq.A West 'day
463,173
787,307
814.000111,114.426
41,168
Itii wk.Pne
itli wkJ'ue
May
521,636
10
......
316 627
3,956.314
9.467,287
1,340,500;
Circula¬
tion.
U. S.
9,031.000!
648.600
996.600
641,000
160.-00
729.800
1,479,000
Deposits'
other
than
$
1.953,100'
9.862.5001 2,628.900!
2.300,000
409,000:
7,1‘29,4 00 4.434,300'
2.969.600
210,500'
1.581.600
431,500)
1 >.542,200 5.439,000
2.785.600
271,700!
5,1 12.600
578,100'
Tradesmen’s
1.796,8 .9
4,011...36
9.-538 839
698,400
7,770.000
4.655,500.
j
1,200,000
3,017.000
7.465.100
Fulton
Chemical
Merchants’ Exeh.
Gallatin National..
Butchers’ A Drov..
Mechanics’ A Tr...
Greenwich
Leather Mannf’rs.
Severn h Ward
State of N. Y.....
Americ’n Kxch’go.
Commerce
It road
11,545.125
1
$
1,394,000'
7.4 58.000
City
456 000 10.971.199 1 1,345,515
81.100 2,74 6.544 2,445,005
197.313
219,1 17
34,079
13.128
Kentucky Cent’l April
1868.
.11,313,302 1,314,913
wkJ’ne
'
[
1884
*
88.nl 4:
$
Union
America
Plienix
Xet
Legal
Tenders.
9,56 4.000
Manhattan Co
Merchants’
Mechanics’
Jan. 1 to Latest Date.
1883.
>
Ala.Gt.Southern
a Atcli. T.A S.Fe
Bur.Ced.R.tfe No.
Can ad i aii Pacific
Central fnwa
Central Pacific..
1
Loans and
New York
the
for the
Average Amount of—
Discounts.
the period mentioned in the second column.
Roads.
City Banks.—Tlie following statement shows
condition of the Associated Banks of New York
City
week ending at the commencement of business
Julv 5:
The latest railroad
nish
[Vou XXXIX.
Prof
...
;
92
34
-
27
65
25
34
......
v
34V>
1
15
•>
2
KUj
.
.
26
50
11
11
....
lajiMrf"'
July 12, 1884. J
THE CHRONICLE.
47
enjoined from issuing and distributing the $500,000 of bonds
as aforesaid.
Chicago Milwaukee
The Investors’
Supplement contains a complete exhibit
the
Funded Debt of States and Cities and of the Stocks and of
Bonds
of Railroads and other Companies. It is published on the
last Saturday of every other
month—viz., February,
June, August, October and December, and is furnishedApril,
with¬
out extra charge to all regular subscribers
of the Chronicle.
Extra copies are sold to subscribers of the
Chornicle at 50
cents each. and to others than subscribers at
$1 per copy.
GENERAL
INVESTMENT
NEW-
Atchison Topeka A Santa Fe and Southern
Kansas.—The
earnings and expenses of these roads for May, and for the
five months from
January 1, in 1883 and 18S4, are as below:
,
1884.
Jlaij.
Miles of road operat’d.
2,320
Gross earnings
$1,343,332
Op. exp’s (ex. of tax.)
760,672
Net earnings
r—ovws..JanA
v
1883.
ro
June l->
Is83.
2,210
1884.
2,300
$1,314,012
551,983
$3,392,786
3,300,341
$6,107,908
3,089,3*66
$762,024
$3,083,414
$3,018,542
$582,690
2,219
California Southern.—At a meeting of the
stockholders of
the California Southern
Railroad, held in Boston July 10, it
was announced that
$120,400 had been subscribed towards
the $250,000 needed. tP
complete the repairs of the road.
Eighteen additional signatures to the subscription list were
obtained at the meeting, and the
present committee will solicit
further contributions.
Central Pacific.—The annual election for
directors was
held in San Francisco
July 8, when -420,000 shares were voted
out of a total of 590,000.
The old
& St. Paul.—The
Chicago Milwaukee
& St. Paul Railroad extension from
Cedar Rapids to Ottumwa
(ninety miles), on which the last rail was laid June 28, now runs
regular through trains to Milwaukee and other
points in Wis¬
consin.
Officers of the St. Paul,
Omaha, Northwestern and
Wisconsin Central roads are
trying to restore rates on the line
to Chippewa Falls and Eau
Claire, on which war lias been
waged for two months with rates down to five cents
per one
hundred
pounds.
Cleveland Columbus finciniiuti &
Indianapolis.—The
following statement for the quarter ending
March 31 is pub¬
lished in London:
1884.
Earnings
Expenses
Net
Charges
$260,344
292.517
201,811
155,812
earnings
*
It
would
be
light
far
on account of unprecedented floods.”
better if more railroad
managers had the
courage to pass dividends when they had not been
fully
fairly earned; and if they would accompany such action and
by a
frank statement of the income and
expenses, the passing of
one or two dividends would not
seriously damage a really
valuable stock.
Whatever may have been said of Mr. Hunt¬
ington as a railroad monopolist and autocrat, the worst bears
have never charged him with
speculating in his own stocks or
bonds, or doing anything to depreciate them.
Chicago Burlington A (juiney.—The earnings of this com¬
pany's lines for May and the five months to May 31, were as
follows:
1884.
Gross
cuniings
Expenses
Net
“
earnings...
Mat/.
,—5
1883.
$1.9'>1,127
1,158,198
$2,069,872
$822,629
$881,756
1,128,116
Jan. 1
1884.
mos.
$9,538,839
5,392,610
$4,116,229
Surplus or deficit
dei.$1,467
sur. $136,705
The expenses were 77*66
per cent of gross earnings this year
and 70*76 per cent last
year.
The amounts expended for
additions to property were $66,170 this
year and $86,249 last
year, making a total balance
against income of $67,637 this
year.
Denver A Rio Braude.—A
dispatch from Denver states that
Jackson, of the El Paso Bank, has been
appointed by
Judge Hallett receiver of the Denver & Rio Grande
Railway
Company. This appointment was regarded in Wall Street
as
W. S.
defeat of the present
management, which desired President
Lovejoj’s appointment. Mr. Jackson is said to be an
impar¬
tial man, and the relations
between the Denver & Rio Grande
and the Denver <V Rio Grande
Western will probably be deter¬
mined now by the orders of the
Court.
—This company’s statement for
May and for five months
a
5,030.428
$4,136,859
says :
Fosdickand Fish against the
Chicago
Danville & Vincennes Railroad
Company, which has been in
the Federal courts for
nearly ten years, was closed up
by a final decree entered before Judge
Blodgett, which
disposes of all the questions involved, in accordance with the
decision of the Supreme Court of the United
States. The
Court finds against all the defendants
except the Chicago &
Eastern Illinois Railroad
Company, which latter road gets a
decree on its cross bill establishing its title to the
road it has
bought. The Chicago & Eastern Illinois is held to have a
per¬
fect tiile under the foreclosure sale and
subsequent
convey¬
ances
to. the Illinois division of the
Danville &
Vincennes Railroad Company, free Chicago
and clear of
any
liens against the
latter
road.
The
petition
the
of
National
City Bank of Ottawa,
holder
of., certain
mortgage bonds, for leave to intervene, was dismissed.”
The new bonds, $6,000,000 consolidated
6s, are printed. Of
these $4,500,000 are set aside in trust to redeem
outstanding
The remaining $1,500,000 will be
sold, and the proceeds
used to retire the equipment notes and
other floating debt to
the amount of about $1,000,000.
The corrected earnings of
the road for 10 months of the fiscal
year to April 30 were:
issues.
1883-34.
$1,324,434
Expenses
694,725
Net...
—Ojti the 3d instant
a
•
’882-83.
$1,DG,303
866,742
Decrease.
$161,874
112,017
$629,709
$679,566
$.9,357
bill in equity was filed
by C. C. Merry-
W. H. Stevens, the People's Bank of
Wheeling, W. Va.,
W. H. Moore and W. L. Duncan,
judgment creditors of the
Chicago Danville & Vincennes Company, to the amount of
man,
nearly $150,000, claiming that as they were not parties to the
a right to bring this, and
alleging
that the officers of the
Chicago Danville & Vincennes made
foreclosure suit, they have
resistance to the foreclosure because there was a
fraudu¬
lent collusion between them and the
Chicago & Eastern Illinois,
by which the latter was to divide among them $500,000 of its
new bonds.
The complainants ask that the decree of
strict
foreclosure may he set aside and
be
they
permitted
to
redeem,
and that the Eastern Illinois be
required to account and be
no
jflganiw
422,664
Net earnings..
408,559
,
Jan. 1 to June, 1. —v
1884.
1883.
$2,450,715
2.075,187
$2,692,42G
1,752,705
$146,090
$217,459
$375,528
$939,721
East Tennessee Virgin! a A
Georgia.—The gross and net
earnings for eleven months from July 1, in 1882-83 and
1883-84,
have been as follows:
.
/
Gi
OHS.
1883-84.
July 1 to Dee. 31... $2,308,9'5
January.
317,088
$1,941,464
Cei.ru ary
March
April
331,109
May
295,461
323,241
312,522
339,151
272,322
283,157
Total 11 months.. $3,865,45 4
$3,471,857
320,392
29 l, '.19
Net.-
N
1882-15 3.
1883-8
4.
$1,072,063
77,937
114,795
14.8,231
98,171
99,761
1882-83.
$755,545
78,818
90,3 44
J5 4.411
88,518
101,722
$1,610,958 $1,269,358
Fargo Southern.—The last rail on this road was laid
Julyl,
completing the line from Fargo, Dak., southward
up
Red
the
River Valley to Ortonville,
Minn., where connection is made
to June 1.—
with the
Hastings &. Dakota Division of the Chicago Milwau¬
1883.
kee i& St. Paul.
The length of the road from
$9,467,2^7 ville is 120
Fargo to Orton-
Chicago & Eastern Illinois.—The Chicago Tribune
The foreclosure case of
Gross earnings
708,219
-
,
business lias been
1883.
$1,000,736
hoard, comprising Leland
Stanford, C. P. Huntington, Charles Crocker, C. F.
Crocker, ending May 31 is follows :
Timothy Hopkins and W. V. Huntington,was re-elected.
May.
—C. P. Huntington, Vice-President of the
1884.
Central Pacific
1883.
Earnings
Railroad/said: ‘Tn my opinion it is for the best interests of
$5..8,754
$626,018
Expenses
the stockholders of the Central Pacific that no
dividend shall
be declared at this time, and I have so
suggested
to my asso¬
ciate directors in the California office.
The last half-year's
•
$866,600
696,556
miles, a little over half of it on the Dakota side of the
line. Toe new road is understood to be
nishes the Chicago Milwaukee & St.Paul independent, but it fur¬
with a very convenient
connection for Dakota business and
probably
most of its east¬
ern business will be done
over the St. Paul rohd.
It runs
nearly
due north and south
through a very good country, and may
expect a considerable local traffic,
although it will meet wTith
competition at a number of points where it crosses the east and
./west lines.
A large part of the
capital lias been furnished by
stockholders in the Milwaukee & St.
Paul, but
it is claimed that there is no official
connection between the
parties who
two
are
roads.—Railroad Gazette.
Lake Shore A Michigan
Southern.—The Court has re¬
fused to continue the
temporary
injunction against the re¬
newal of the lease of the Jamestown &
Franklin Railroad to
this company, but has
appointed a master to examine ihe ac¬
counts between the two
companies and to report to the Court.
At a recent
meeting of the directors of the Jamestown &
Franklin Co. the general counsel of the
Lake Shore Co. was
present and submitted three propositions on behalf
of the
Lake Shore: 1. That the Lake Shore
should surrender the
road and that it should be
operated as an independent line.
2. That the Lake Shore Co. should
operate the road as the
agent of the Jamestown & Franklin Co.,
reporting the earn¬
ings and the expenditures at the end of each
month.
3. That
in view of the
present complications and the
of a
beginning
suit to enjoin a new lease, the Lake
Shore should consent to
operate the road under the terms of the
present lease until
January, 1885. The third proposition was
unanimously ac¬
cepted by the Jamestown & Franklin board.
It is stated
that the trouble in connection with
the renewing of the lease
has been made by some of the
minority stockholders who want
the Lake Shore Co. to
buy up their stock in order to prevent
trouble.—R. R. Gazelte.
Louisville A Nashville.—The directors
& Nashville Railroad were to have
met
of the Louisville
July 7, but
no quorum
being present an adjournment was taken until
understood that a plan for the financial relief ofJuly 17. It is
the company
has been sent to
Europe by Mr. Wliitehouse for the considera¬
The plan under considera¬
issuing of a series of debenture
tion of the
foreign stockholders.
tion is said to provide for the
bouds, to the subscription of which the stockholders
given the preference.
will be
THE CHRONICLE.
48
“At the meet¬
ing of the directors this week the special committee on J uly
coupons and other matters reported an outline of policy for the
management of the property in the immediate future, in effect
that there should be no expenditures on the road save as
required for the development of business in sight, and that all
net earnings and subsidy not absolutely required in Mexico be
forwarded to the Boston office to be applied to a reduction of
the floating debt. This has no reference to work on branch
lines, which will probably be considered hereafter.
It was
voted to erect small machine shops at Calera and Jimulco, and
certain side tracks for the convenience of quarries promising
considerable freight.”
Missouri Pacific.—The case of the Pacific Railway of Mis¬
souri against the present Missouri Pacific was before Judge
Treat at St. Louis this week. The decision of the United States
Supreme Court was entered on record in the Circuit Court and
the respondents (Missouri Pacific et al) were given till Sept, loth
to plead.
Morris & Essex.—The following statement for the year
ending Dec. 31,1883, is from the New Jersey State report:
Herald
Mexican Central.—The Boston
Crass earnings
1882.
1883.
$1,2(12,900
$1,498,331
2,937,113
$1,561,218
2,631,941
Operating expenses
Net
$1,630,959
eamiags
The rental
says:
the money on
in a few days.
Jersey.—The statement below for the
ending Dec. 31, 1S83, is from the New Jersey State report.
The road is leased to the New Yrork Lake Erie & Western for
35 per cent of gross earnings.
Stock, debt, etc., were as fol¬
Northern of Now
lows
Bonded debt
Floating debt
Cost of road and
'
22,513,000
Bonded debt
Cost of road and equipment
New York
estate in New
$15,000 000
23,073,000
36,607,558
37,211,742
City .—An increase in the valuation of real
York to the extent of $40,630,928 is shown in the
report of the Department of Taxes and Assessments just sub¬
mitted to the Board of Aldermen.
The report shows the
relative value of real and personal estate in this city in 1883
and 1884:
HEAL ESTATE.
9,757,565
1884.
$66,37 2,300
30,580,821
35,998,88 L
12,302,006
43,630,618
22,661.088
16,346.192
38.020,098
28,79^,814
17,167,934
16,501,143
115,182,425
10,025,615
23,964,792
55,064,158
36,22(5,918
33,720,442
75,445,363
192,795,948
44,269,772
88,19(5,998
91,' 50,• 0(5
15,632,255
9,888,810
$1,079,130,669
$1,119,761,597
1883.
Wards.
$64,761,657
30,199,197
35,686,351
1st
2d
3d
12,108,106
4t 1)
5th
6th
7th.....'
8th
9th
10th
11th
12th
13th
14 th
15th
Kith
37th
18th
19 ill
20th
21st
22d
23d
24th...
‘
'
42,712,202
22,4 37,828
16,168.042
37,377,774
27,972,964
17,005,984
16,252,293
103,430,854
9,941,515
23,362,542
54,390,440
35,146,468
33,595.812
73,428,453
183,693,548
42,693,422
87,680,448
85,083,164
14,846,410
Totals
PERSONAL ESTATE.
'
1884.
1883.
Resident
Non-resident
Shareholders of banlis..
TOTAL REAL AND
.
1,080,450
124,(00
2,016,910
9,102,0)0
1,576 3 0
1,116,550
5,949,442
.
due lessee, $1,819,492.
The last-mentioned item appears
the floating debt for the Lackawanna’s extension.
to be
statement of gross
earnings for May and for eight months of the fiscal
year is given below, and the gross earnings this year include 08
per cent of the earnings of the New York Pennsylvania cN
Ohio leased line, the other 82 per cent of the earnings of that
line being paid as rental.
The net earnings are correct, and
show the actual results to the N. Yr. Lake E. & West. Company.
and net
1882-83.
Net Earnings.
1883-84.
1882-83.
Oct. 1 to March 31.$10,974,S41
$9,834,691
$2,309,411 $2,887,(9-6
April
1,727.434
1,548,474
May
1,615,364
Cross Earnings.
1883-84.
Total 8
mow
2,055.o8S
/
392,461
294,573
468.970
€31,054
$13,439,153 $2,996,418 $3,987,090
Westlake, additional delegates of the
$14,317,639
—Messrs. Powell and
English committee of Erie shareholders
July 5.
549,095
-
70,757
receipts and expenses were as follows, compared
with
receipts
Expenses
1882
1883.
$294.5)23
$305,956
240,627
230,100
Net income.
Interest and dividends..
.
$65,320
$64,928
64,S0o
64,080
$28
$1,249
Balance
Northern Pacific.—The approximation of earnings of
Northern, Pacific in June, the last month of the fiscal year,
added to the previous returns, enable pretty fair estimates to
be made of the showing the company can make for the year.
Earnings for June are placed at $4,095,785, and, with $11,460,453, gives a total for the year of $12,550,237, an increase of
$4,700,778 compared with the year of 1882-3. Taking the oper¬
ating expenses,
rentals and taxes to be proportionate to those
May, 55 per cent, the expenditures for the year were $7,476,812 and the net earnings $5,079,425.
Interest charges, as cal¬
culated by Vice-President Oakes, deducted from net earnings,
would, leave applicable to stock a balance of $1,197,084, or
nearly 3 per cent on forty-one millions of preferred stock.
of
*
1883-1.
earnings
Operating expenses, rents
Gross
Net earnings...
Interest charges
—
and taxes
$12,556,237
$5,079,125
—
3,882,341
$!,197,094.
Balance....
—A
fiscal
7,476.812
dispatch from St. Paul states that the land sales for the
to June 30 amounted to 473,712 acres, realizing*
year
$2,155,235.
—In an interview at St. Paul, Mr.
Northern Pacific Company, said that
company
to complete the
Harris, President of the
it is the intention of the
extension of the Cascade Division at
Fifty miles are already built, and he expected to let the
contract for building fifty miles before he returned.
That
would be half of the distance. The rest would be pushed as
once.
1881.
Gross
earnings
Expenses
18*3-4.
1883.
1832-3.
$312,(80 $361,619 $1,653,747
220,235
225.887
1,309.886
$1,775,(518
1,281,331
$313,861
$191,287
Net earnings
$92,445
$135,132
Navigation.—Elijah Smith, President of
says the Northern Pacific and Oregon
785,845
Navigation companies’ boards of directors have
132,245
formally voted to lease the latter to the former on the basis of
$40,630,92$ six per cent for two years, seven per cent for three years and
eight per cent in perpetuity. President Harris, of Northern
Pacific, lias gone to look over the property, and the lease will
$1,338,298,343
,
$1,276,677,164
Inc. $61,076,140
New York Lackawanna k Western.—The balance sheet of
this road, tiled March 31, 1884, showed assets, representing
cost of road and equipment, of $20,509,492, and liabilities as
follows: Capital stock, $10,000,000: funded debt, $15,250,000;
,
368.000
51,054
518.095
,
PERSONAL ESTATE.
New York Lake Erie & Western.—The
380,ouo
:
673,718
1884.
1883.
1883.
$1,009,000
177,550
642,924 rapidly as possible.
820,850
163,950
Oregon Improvement Co.—The earnings of the.whole sys
248,850 tern for May and since Dec. 1, 1883 (six months), have been as
11,751,571 follows:
;
84, *00
Mag.
s
,
*
Tec l to June l.
602,250
$218,536,746 Inc . $21,015,212
$197,546,495
Totals
Increase.
$1,610,643
331,624
302,530
193,900
918,416
223,260
$141,625,409 Inc. $13,940,867
10,715,533
10,660.572 Dec.
54,961
59,152,420
(>(>,250,765 Inc.
7,098,345
$127,678,512
equipment
1882.
$1,000,009
Gross
1883.
1882.
The
1882
stock and interest on the bonds,
$15,000,000
:
Capital stock
amounts to about $2,665,000, which would leave a deficit
to the lessees for the year 1883 of $1,104,000, against $994,000
in 1882, $983,000 in 1881 and $1,012,416 in 1880.
The stock,
debt and cost of road are given as follows:
Capital stock paid in
hand to redeem these bonds but hopes to have it
year
paid by the Delaware Lackawanna & Western
road, being 7 per cent on the
[vol. xixix.
started from London
Oregon Railway &
the Oregon
Railroad &
Companies,
his return.
&
Oregon
Trans-Continental.—The Boston .Herald says of
this company: “The next loan due is the Gould loan of $1 200,000,
which matures early in August.
The present management, it
is said, has had to pay one commission only on its loans, and
has not been charged over six per cent interest.
By the settle¬
ment with the Oregon & California Company, Oregon & TransContinental's $8,OUO,000 loan is^ reduced to six per cent. The
Oregon W California second mortgage bonds were pledged to
secure the five per cent commission on this loan, and by the
terms of the settlement the Oregon & California Company takes
the bonds and becomes responsible for the commission, $400,000.
Of course Oregon & Trans-Continental sacrificed what it had
expended on the Oregon & California, some $1,500,000. Oregon
& Trans-Continental is in comparatively comfortable circum¬
stances—that is, when compared with the past. The interest
on its floating debt of $11,000,000 is provided for from the six
per cent dividends on its $14,000,000 Oregon Railway & Navi¬
gation stock, which dividends will be guaranteed by the North¬
ern Pacific agreement.”
Pennsylvania Railroad—Sodus Ray & Southern.—The
Pennsylvania Railroad Company has bought the Sod us Bay &
Southern Railroad, 34 miles long, from Stanley, on the North¬
ern Central, to Sodus Point, on Lake Ontario, thus obtaining
an
independent outlet on the lake, which it has hitherto
reached by the New York-. Central. The road was formerly
known as the Sodus Point & Southern, and was operated by
the bondholders, after the foreclosure of a $1,000,900 mortgage,
be
as
signed
on
the Ontario Southern.
issued in 1882 the “ G” car trust, amounting
Pittsburg Cleveland & Toledo.—A press dispatch from
to $3,347,000. bearing interest at 0 per cent.
Semi-annually 5
July 9, said: “There was some truth, after all, in
Pittsburg.
per cent of the bonds are called in and redeemed.
Holders of
about $167,000 of these bonds were notified that interest the story that there was competition between the Baltimore &
would cease July 1 and that the bonds would be redeemed. Ohio and the Vanderbilt interest for possession of the Pittsburg
Parties who have presented these bonds for redemption have Cleveland & Toledo Railroad, the indorsement of whose paper
received a circular announcing that the Erie company lias not brought C. K. Garrison, the Andrews Brothers of Youngstown
—The company
.
July 12, 1884 J
THE CHRONICLE.
and William McCreery of this city into unpleasant financial
complications, and resulted in Garrison making an assignment.
It is stated on the best authority that the road was offered to
Mr. Vanderbilt, and W. C. Quincy inspected it at the
sugges¬
tion of the Lake Shore people.
The Baltimore & Ohio
people, however, were wide awake, and not desiring to
lose
so
valuable
a
link
in
their
Western
connections,
%hc Qyammjercmt gputss,
COMMERCIAL
immediately set about circumventing Mr. Vanderbilt. There
was a long consultation in this
city on Sunday last among the
chief men of the Pittsburg & Western Railroad
Company and
representatives of the Baltimore & Ohio, at which it is sup¬
posed the purchase of the Pittsburg Cleveland & Toledo road
was decided upon.
At any rate, according to a private dispatch
from Baltimore, the sale has taken place, the Baltimore & Ohio
being the purchaser, and the papers have been signed. The
terms of sale have not been made known, but it is understood
that the purchasing company agrees to lift the
paper given by
the Pittsburg Cleveland & Toledo
Company, and indorsed by
C. K. Garrison, Andrews Brothers and William
McCreery, and.
release them from all responsibility.”
Pittsburg McKeesport & Youghiogeny.—An increase in
49
EPITOME.
Friday Night, July 11, 1884.
following the national holiday is usually a dull
one, and the past week has been no exception to the rule.
The
temperature has been rather low in the Northeast, but copious
The week
rains, that were much needed, have fallen, and crop prospects
improved. There has been a sharp decline in wheat, followed
by some recovery, and generally the speculative feeling was
quite unsettled. The Democrats have been in session at Chi¬
cago, and to-day nominated Grover Cleveland for President of
the United States.
Congress, early in the week, adjourned to
December.
The speculation in lard this week has been attended
by wide
fluctuations in prices. Severe depression
prevailed early in
followed. To-day the opening was
quite buoyant, but part of the advance was lost, closing at
7’49e. for August, 7’G7c. for September and 7*77c. for October.
Spot lard has been sold down to 7‘lOc. for prime city and
7730c. for prime Western; but, the lower
prices leading to more
panies.
business for export, there was some
improvement, closing at
SI. Paul A Northern Pacific.—The extension of this road 7*25gi'7,o0c. for prime
city and7,50@7,55c. for prime Western.
from Sauk Rapids to Minneapolis was turned over to the Pork has been
dull and unchanged.
Bacon remains nominal.
Northern Paciiic Railroad, the lessee, On July 1. The com¬
Cut meats were in demand and pickled hams closed firmer at
pletion of this line gives the St. Paul & Northern Paciiic Rail¬
12/4@13c. Dressed hogs are dearer at
way Company 125 miles of completed road, extending from
8i£c. Beef quiet and
Minneapolis .to a connection with the Northern Pacific Railroad nominal. Beef liams are rather firmer at $28 per bbl. Tallow
at Brainerd* Minn.
The entire traffic of the Northern Pacific is dull at 6J.4C.
Stearine is firm but quiet at 9(fi IBgC. Oleo¬
Railroad passes over the line to and from the cities of Minne¬
margarine
is
lower,
selling to-day at 7;l4'c. for prime. Butter
apolis and St. Paul, where connections are made with the
is dull and weak at 17@22c. for
railroads running east and south.
creamery.
Cheese is rather
firmer at 5@9)£e. for factory. The
following is a compara¬
Shenandoah Valley.—The statement
of earnings and tive
summary of aggregate exports from November to
•expenses for May and for five months in 1883 and 1884, is as
follows:
Jul}r 5:
this company's liabilities is to be based upon an extension to
the coke region.
This is to be twenty miles long and the capi¬
talization will be at about the same rate per mile as the
present
road.
The stock and bonds will bear the same guarantee as
those now out—six per cent for fort}' years by the
Pittsburg &
Lake Erie and the Lake Shore & Michigan Southern com¬
the week.
Some recovery
,
Hay.
Crosa
earnings
Expenses
Net
earnings
,
1883-84.
<—Jan.—Hay—5
nios.—.
1883.
1884.
1883.
$61,399
'55.201
$72,447
53,522
$294,103
204,042
$280,250
$0,198
$1$,925
$30,121
$25,724
Spartanburg Union & Columbia.—The
1884.
,
2G0.52G
semi-annual inter¬
est coupons on $1,000,000 of
Union & Columbia Railroad
the bonds of the Spartanburg
were due July 10, but were not
paid. About two-thirds of these bonds are said to be held by
a single firm
in New York. The Spartanburg Union & Col¬
umbia
from Alston to Spartanburg, in South
Carolina,
08 miles.
It was sold under foreclosure June 7, 1880, and was
leased to the Columbia & Greenville Railroad for 99
runs
years
from
April 1, 1881, at an annual rental of $50,000. The leased
company has applied this money to the payment of the inter¬
on its bonds.
The present default is due to the fact that
the directors of the Columbia & Greenville Road have refused
to pay the rent on the ground that recent action of the South
Carolina Railroad Commissioners have so depreciated the value
of the leased road as to make it unprofitable.
The Times re¬
est
Pork, lbs
Bacon, lbs
27,448,000
247,200,929
...140,925,992
Lard, lbs
Total lbs
16o,0G3.125 Dce.19,142,133
' 488.424,495 Dec.GG,848,974
only moderately active on the spot, but
421,575,521
Rio coffee lias been
closed about
18S2-83.
32,500.200 Doc. 5,051,600
289,850,170 Dec.42,655,241
steady at 9%@10c for fair; options have not shown
any very marked change despite a sharp decline in Havre, but
the close is dull and weak; to-day there were sales at 8.80c. for
August, 8-40c. for September, 8*45c. for October, 8‘00c. for
November and 8*55c. for December; mild grades have been in
fair demand and steady.
Tea has remained very dull; on the
spot prices are about steady. Rice has sold slowly at unchanged
prices. Cuba molasses has been quiet but firm at 10^c for 50
deg. test refining; grocery grades have been neglected and
nearly nominal in value. Raw sugar has been very active at
advance, fair refining closing at 5c. and 9G deg. test centri¬
fugal at 6c.; fair refining sold at 5%c. for September and 5*40c.
ports that the Columbia & Greenville directors have raised a for
October; refined lias been firmer, and granulated closes at
point as to the legality of the lease, which will probably have to
G
15-16@7c., powdered at
be determined in the courts. The Columbia & Greenville Road is
and crushed at 7%@7^c.
controlled by the Richmond & Danville and West Point Termi¬
In Kentucky tobacco the movenraqUhas been small and the
nal companies.
At the Richmond & Danville offices in this general tone easy. To-day lugs were
quoted 7^@8^c. and
city it was stated that this default was one that con¬ leaf
8)<@9;.4'c. Seed leaf has continued quiet and without
cerned the.Columbia & Greenville Road alone, and for- which
neither the Richmond .Sc Danville Railroad nor the West Point essential changes.
Sales for the wreek embrace 1,825 cases, in¬
Terminal Company had any responsibility.
cluding 400. cases crop 1883, Little Dutch 17 to 18c.; 200 cases
1883, Pennsylvania
crop
to 10%o.: 150 cases crop 1882, do.
Toledo Cincinnati & St. Louis.—The Quigley Committe
5 to 15c.; 100 cases crop 1881, 6 to 10c.; 200 cases
has $1,400,000 bonds deposited on the St. Louis Division.
crop AS83,
Th
$l00,000additional required to make a majority are pledged, and New’ England, 12% to 30c.; 125 case3 crop 1882, do. 14 to 25c.,
Mr. Quigley goes West shortly in the interests of the foreclosure and 150 cases
sundries 5 to 28c.; also 350 bales Havana 80c.
suit.
to
Wisconsin Minnesota & Pacific.—The St. Paul Pioneer
Press of July 8, says: “Messrs. R. R. Cable, President of the
Chicago Rock Island & Pacific, II. IT. Porter, formerly Presi¬
dent of the Omaha, and A. B. Stickney, of the St. Paul, were
in Minneapolis yesterday, attending a meeting of the directors
of the Wisconsin Minnesota & Pacific.
The directors author¬
ized the bonding of the road to the extent of $15,000 a mile
for construction purp03)> as fast as
completed. Work is being
rushed as fast as possible, 50 miles * being
graded*.
Track-laying will
already
commence at Morton next Monday, and the;
entire 120 miles will be completed before October.
The roactfc.
runs from Morton, the present
terminus of the Minneapolis Sc
St. Louis, to Watertown, Minn.
The country through which
the road passes embraces some of the best portions of D dcota,
and the opening up of this country will add to the finest
farming lands of tlie territory.”
The
President of the Wisconsin Minnesota & Pacific Road
denies the report that his line was an extension of the Min¬
neapolis & St. Louis Road, and states that it is the intention
to extend its line east to Red Wing at a future
date, the idea being to build the west end first so as to tap the
most available and productive territory first.
of the company
an
$1 15, and 150 bales Sumatra $1 25 to $1 G5.
Naval stores have also been rather slow, and spirits turpen¬
tine closed almost nominal at 31c. in yard; common to
good
strained rosins
unchanged at $1 22%@$1 273<. Refined
petroleum has been quiet until the last two days, when an
advance to 72£c. for 70 abel test brought out larger orders.
Crude oil certificates have had a variable week, and yet at the
close the figures were a trifle firmer than the lowest of the
week; the range to-day was 59i£(ft01f£c., and the final G0?s@
Glc.
Metals have been about as dull as they well coula be.
&feel rails are down to $30 at the mills. Hops remain steady;
arid wool has continued quiet and unchanged.
Tlie market for ocean freight room lias been rather quiet,
were
but charter rates
are
held with considerable steadiness. Berth
particularly dull to-day, and grain to Liverpool wras
4%d., bacon, 22s. Gd.; cheese 40s.: cotton, 3-16@
IJd.; jgrain to London quoted 4%d.; do. to Glasgow by steam
taken tit 5d.; refined petroleum from Philadelphia to Am¬
sterdam, 3s.; cases hence to Algiers, 17c.; do. to Calcutta,
22%c.; crude do. to Alicante,
and 3s. lO^d.; refined to
Hamburg, 2s. 10^d.
room was
nom(ml
at
t
50
THE
CHRONICLE.
COTTON.
Friday, P. M., July 11, 1884.
ing this evening (July 11), the total receipts have reached 7,578
bales, against 4,655 bales last week, 5,642 bales the previous
week and 4,725 bales three weeks since; making the total
eceipts since the 1st of September, 1883, 4,794,874 bales, against
5,915,986 bales for the same period of 1882-83, showing a
decrease since September 1, 1883, of 1,121,112 bales.
*
Fri 8at
Galveston
Mon.
16
Indianola, <fee.
New Orleans...
Tu.es.
8
Wed.
17
Thurs.
33
Fri.
2
Total
12
88
1
1
....
....
197
70
42
96
114
718
11
9
12
280
2
13
330
Mobile
•
....
....
On
Jri.y 11.
29
Brunsw’k, &e.
1
...
Charleston
.
.
.
148
....
22
....
.
....
2
2
f 2
....
2
104
....
8
3,585
I’otal 1883
notal 1882
cleared—for
Leaving
Coast¬
wise
Foreign
None.
None.
None.
None.
4.000
2,500
1.123
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
100
None.
None.
10,085
1.123
15,096
3,954
1,897
4,206
Other ports
Total 1884
not
Other
France.
None.
Norfolk
New York
....
162
Shipboard,
Great
Britain.
New Orleans....
Mobile
Cnamston
Savannah
Galveston
Florida
8avannah
at—
.....
199
....
In addition to above exports, our
telegrams to-night also give
the following amounts of cotton on
shipboard, not cleared,
at the ports named.
We add similar figures for New York,
which are prepared for our special use
by Messrs. Carey, Yale
& Lambert, 89 Broad Street.
us
The Movement of the Crop, as indicated by our
telegrams
from the South to-night, is given below. For the eight days end¬
Receipts at—
[VOL. XXXIX'
Stock.
Total
None.
None.
None.
50
None.
4,708
44,122
None.
Notie
3 848
1.443
272
1.776
1,311
50
None.
luO
100
7,9 0
199.549
2,600
15.861
4,000
150
15.35 8
267 182
3,093
2 902
*22 9^8
2.300
1 037
11,497
330 696
217.858
3,900
The
speculation in cotton for future delivery at this market
only moderately active in the past week, but prices
4
22
Wilmington
26
1 have varied widely and the tone of the market was
Moreh’dCM&c
quite unset¬
Norfolk
11
35
tled. On Monday, with no great pressure to sell, there
2
1
121
369
539
was,
West Point,«fee
5
5
in the absence of any supporting demand, a decline of
14@20
New York
7
250
62
34
353
points
from
the
closing
figures
of
the
previous
Thursday.
Boston
898
580
5 6
296
1,710
4,0 0
August was the most depressed. On Tuesday this decline was
Baltimore
60
60
about half recovered, owing to the publication of the
crop
50
3
50
2
Philadelp’a, <fec.
1,034
1,139 report for June, as compiled by the National Cotton
Exchange,
Totals this week
1,305
representing among other 'things that the crop is very late.
255
1.824
1.238
903
1.993
7.578
There was a slight decline on Wednesday, but a steadier clos¬
For comparison, we give the following table showing the week’s
ing on the reports of excessive heat in Texas burning up what¬
total receipts, the total since Sept.l, 1883, and the stock to-night, ever of the
crop that escaped the excessive rains of May; and
and the same items for the corresponding periods of last
on
year.
Thursday there was a firmer opening, but the close was
lower.
To-day the Bureau report for June appeared, and is
1883-84.
1882-S3.
Slock.
Receipts to
given on another page. It was less .favorable than was gener¬
This
Since Sep.
This
Since Sep.
July 11.
ally expected. Liverpool was dearer and the opening with us
1884.
18 S3.
Week.
Week.
1, 1883.
1, 1882.
was at a general advance, most decided and best maintained
for the distant months, but the close was dull.
Galveston
88
591.261
3.100
As compared
831.468
1.776
10.743
with last week’s closing there 'is to-day a decline of 13(a) 19
1
Indianola,<fee.
8,475
8
16 926
New Orleans...
718 1,512,844
4 .127 1,657,894
points for this crop and 3(5)5 points for the next. Cotton on
48.830 87,769
the spot has been much less active than for some weeks
Mobile
330
154
253,'>95
310,840
3,848
past.
7,594
Florida
Notwithstanding the rapid reduction that * has been going on
16
42,888
18,439
in our stocks, prices have been weak.
Savannah
104
G38
653,601
809.502
Quotations were
3 22
3.345
reduced
l-16c. on Monda 'and again on
8,084
Brunsw’k, <fec
Wednesday, while on
5,508
Charleston
Thursday business came quite to a standstill. To-day there
162
417.308
93
565,512
1,443
2.429
was more doing for home
Pt. Royal, Ac.
3
consumption, at steady prices, mid¬
1
13,705
24,601
dling
uplands
closing
at
11c.
26
7
Wilmington....
91,746
127,214
.786
1.176
The total sales for forward delivery for the week are 293,900
M'head C.,&o
12,658
10
19,467
bales.
For immediate delivery the total sales foot
Norfolk
539
578.059
up this week
305
796.394
1,411 20.138
5,895
bales, including 2,012 for export, 3,883 for consumption,
West Point,<fee
5
221.996
101
227.358
for speculation and — in transit.
Of the above, — bales
New York
353
108,002
206 449 190 i 33
were to arrive.
The following are the official
Boston
quotations for
391
4,050
184,369
190.137
6.310
6 ibO
each day of the past week.
Baltimore
GO
30.799
700
Pt. Royal, &e.
....
....
....
....
....
....
....
....
....
....
....
....
....
....
3
3j
....
....
has been
....
....
....
....
....
....
....
....
....
•
•
•
•
....
....
.
'
......
......
.
.
.
.
......
......
....
—
..
66,9"0
4,037
17.700
109,993
7,328
6 097
..
Philadelp’a,<feo.
1,139
Total
65,984
7,578 4,794.874
1,313
11,024 5,915.986
282.740 353.674
In order that comparison
may be made with other years,
give below the totals at leading ports for six seasons.
Receipts at—
1884.
Galvest'n.&e.
L883.
89
1882.
1881
1880
we
New Orleans.
718
Mobile
330
154
728
697
327
Savannah....
Oharl’st’n, &c
104
G 48
662
2,663
5.91
162
94
167
70 ;
900
13
Wilin’gt’n, <fee
26
17
35
126
93
Norfolk, (fee..
3J
544
4 66
1.691
2.410
1,909
All others....
5,605
2.420
3.572
5,9.3 s
3 50
Tot. this w’k.
7,578
11,0 24
9 142
233
2.1-09
837
108
1,054
3,480
3,135
408
8.199
10.091
195
2
8
148
1.656
2.809
Since Sent. 1. 4794,874 5915.986 4639.715 '723,045 4s66
-95 4(3',381
v*tUveHioii
luciiuitttt
i'jUu*
ula;
<Jhar;onion includes j. or, u- yal, Ate.;
Moreiiead < •it.v, ,ve.: Norfolk includes City Point. «vo.
Wilmingtonincludes
The exports for the week
ending this evening reach a total
of 40,717 bales, of which 31,180 were to Great
Britain, 100
to France and 9,467 to the rest of the
Continent, while the
stocks as made up this
evening are now 282.510 bales. Below
are the exports for the week and since
September 1, 1883.
Week Ending July 11.
From Sept. 1. 1883. U
Exported to—
Exports
from—
Conti-
Totai
Great
nent.
Week.
Britain
Galveston
.
July ‘1, 1 84.
......
ce
nent.
TcU
■
....
•
.
•
50,157
3,7(9
3,704
...
......
Charleston V.
WllmlnRton..
......
Norfolk*
Baltimore.
771.065 OtO.402
155,640
13,436
111,219
43.413
24.497
......
253.922
New York
Boston...
34.704
......
18,413
14,"89
.
—
Phlladelp*a.<fec
Total
Total 1882-S3
100
5,755
390
50
ij
554
940|
81 180
—
100
9,457
19,944
418.4 0
390
109 937
1 055
111.542
940
101 597
40.747
30385
....
.
1,898
2,339,051 465,244
188.717
.
9*4
c3
*cH
o
....
Wed
O
•'?>
”4
SvictOv-t.
G >o*1 Ord.. lO
Str. < "d Ord u»q
.
10'8
i(>7Q
n'-e
111 n;
Obe
•
•
•
•
IK
S*4
91-6
934
9
oq,
97,
'
10
i
‘
oq
1038
l,,fb
1, .w Midd’i* !<>•%,
1 <)•>*
lo-V l 7s
St.L’w Mi.1 HD-i., io,:ho 101-i.r. l'1 -IS
Middling... 1 1
11
15 b
U
Good Mid.. 51b
11 l4
U *4
1 '2
S r.G’d Mid
11
1 l 34
11*2
.M ddg Fair 11 78
11 78
n7s
IJI3
F ? r
12 ■-•8
12 ’*8
1 2 7s
!2'*h
ll^
Ills
1 1 5’ 6
Hf)16
i
»8,6
lli:i16
123,6
1215,.,
118,6
1753.6
123.6
1215,6
Tb.
Fri.
9
9
97,6
97,6
10 b
10>H
i(>-3
IO "s
HI,,-,
Vi 1
1 b
Good Ordinary....
Sirict Good Ordinary
Low Middling
M'ddlmg.
.......
b
i 1
34
.
i 2
78
10-5,6
17 i8
ill *8
|113,6 175,6
.1 19, K 1 1
'qe
11113,, 1113,6
;
123,6
Wed
'
Tit.
Fri,
9
9
9” ,6
! fi
mb
I 0 58
U)-8
V
i
1 i
HI,6
1 b
11
7 *219
1 2 ’-8
11%
121Q
1 2
1
r8
127*
1278
2.11-2
7s
-
8Tifi
97,6
83B
9
9
day.
9i -,fl
91-6 i 91,6
TUU'N
b
11 b
11 ^
fi’tl
953,6 97*
109,e 10*2
109,6
10^
1078
Ubft
b
111*2
1 lb
TIoli•
97-6
10b
J4
t-2
U34
12 *8
>1
..r
123j6
11215,8 1215,6
*»ai.
(Mi
05,0
1 (15 Oj(I
3
1
1 5
1 ’
1218
&
.
1 l
9k,
1
lcn,K 1011,6
s
10 *4
i'
>,
91,6
91,6
9*2
10oi6
.
3
10 b
1 '■
1 0 78
'
STAINED
fI
105,6
1015,6 ionlH
lf‘l616 lO'be
Sh
Fri.
01,R
103,6
Cw
Mon. Tee*
Nat.
9
9*3
.
Th.
10
Mon Tue*
1
9^4
’011(,
1211,6 1211
:
...
81^6
H&16 il5m
u9ik 118,6
1M51(; 1 1 5® ! f-
nH
Midd’g Fair
Fvir
Nat.
101,6
107,6 107,6
1(01,6 1011,.
Str. G’d Mid
1
!
&3s
?3a
9116
97q
9b
110k*
10L3
The total sales and future deliveries each
day during the
are indicated in the
following statement. For the con¬
venience of the reader we also add a column which shows at a
week
glance how the market closed
138.O0S
273.784
3,829
47,242
20,588
274.510
104 218
552.803
4.024
114 501
57.126
170.546
3.638
105 235
814 190 3.768,401
on same
days.
sales of spot and transit.
357,799
23 096
240
1,9’3 25.905 2 823 4 10 419 897 1.3’8.4(,7 4 00! 840
Includes exports from Port Royal, &c.
+ Includes exports from West Point, &c
*
Good Mid
S13lfi
|
.
ContiFrar
.....
3,158
Middling...
J
TEXAS.
MARKET AND SALES.
84,174
370.701
307.832 1,439 859
1,380
57.537
15,260
Mobile
Florida
Savannah
251.84>t
......
New Orleans
Strict Ord..
NEW ORLEANS
Mon Tnes
u>-
.
Great
Hrit'n. France
FJxparteit
Ordin’y.$Ib
Low Midd’g
Str.L’w Mid
3,108
4,1 7
T
Sat.
Good Ord..
Str. G’d Ord
189
♦
UPLANDS.
July 5 to
July 11.
SPOT MARKET
CLOSED
Sat.
Mon
Tues
\Ve<l
Ex-
J O071- 1 Specsump\ ut'Vn
port.
J
l at
.A.
312
3571
Quiet ami steady
steady at • , dec
Tlitirs Quiet and easy..
Fri
Quiet
1,100
7-46;
....
58;
....
Total.1
2.07? 3.883'
me
Dslivcries.
Salea
TTol idav.
dec...
mi
TranTotal:
sit.
FUTURES.
550 1.377i
50 1.3 45
....
daily deliveries tnven aOovn are
pr-*vlmis to tti »,r on w del, fctc.vv aG reu >?*,
669
1.846
m
m
m
m
m
m
m
m
....
1.927
50.100
5.H
1,395
40,500
48,700
5 895 293 900
1,400
actually
a
71.000
2O0
300
300
400
200
....
83,600
delivered
the
day
July 12.
1884.]
The Sales
and
THE
Prices
ing comprehensive table.
CHRONICLE.
Futures are shown
by the follow¬
In the statement will he
found the
daily market, the prices of sales for each month each
day, and
the closing bids, in addition to the
daily and total sales.
of
The Visible Supply
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Total Great Britain stock
Stock at
Hamburg
8tock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
'•
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as
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telegraph, is
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Cotton
of
to-night, as made up by cable
follows. The Continental
stocks, as well as
those for Great Britain and
the afloat, are this week’s
and
returns,
consequently all the European figures are
to
down
Thursday evening. But to make the totals brought
the complete
figures for to-night (July 11), we add the item
of exports from
the United States,
including in it the exportssof Friday only.
and
OD
23V
51
53,000
940,000
.
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21,600
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134,000
9,900
63,000
88,000
133,000
1,200
24,000
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3,400
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1833, for
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The
of table.
Tuesday, 10 95c.; Wednesday,
lo 90c ; Friday, lO’O.ic.
Snort Notices for
July—Monday, 10 /3c.
The following
exchanges have been made during the week:
■J5
Pd.-to excli. 200 Dec. for Oct. j *40 pd. to exch. 600 Oct. for
33pd. to exeh. 100
Aug.
Sept.
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HP’ We have included in the above
table, and shall continue each
*&ei to give, the
average price of futures each nay for each
*01 be found under
month.
It
each day following tile
abbreviation “ Aver.”
Oct. for
g rf
a O p3T3
£ 5
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September-April,
April, 1.999,900; Scptember-Ma^',
for May, 2,362,200 ; September
June, for June, 2,183,600.
!0-95c.; Thursday,
cn
&
*
►
199,800; September-December, forSeptember-November, l'or November,
Jauuary, for January,'2,817,900; December, 869,5000; SepteiuberSeptember-Febniary, for February,
3*780,300;
September-March, for March, 2,309,800;
tor
lyerage for each month for the week is also
Transferab.e Orders—Monday. 10*85c.;
O'®
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‘Includes
643,450
925,09 l 1,428,933
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M
M M OOM to
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895,000
c © M-l M VC03 03 tc-l
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51,100
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284,000
25,000
191,000
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341,000
69,500
112.40cf
323,000
20,000
11,600
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135,700
275,000
38,000
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253,000
2,000
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29,739
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310,556
54,777
635,000
250,000
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167,000
229,355
74,000
At the Interior Towns the
movement—that is the receipts
for the week and since
1, the shipments for the week, and
Sept.
the stocks
to-night, and the same items for the
corresponding
period of 1882-83—is set out in detail in the
following statement.
v
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487,000
10 <,000
Cgr The imports into Continental
ports this week have been
28,000 bales.
fcThe above figures indicate a decrease in the
cotton in sight
to-night of 182,301 bales as compared with the same
date of
1883, an increase of 235,112 bales as
compared with the corres¬
ponding date of 1882 and a decrease of 10,277 bales as
compared with 1881.
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342,350
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2,072.383
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228,000
323.000
53,000
167,800
251,000
22,000
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282,540
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3.330
197,00C
3,700
40,900
1] .100
5,700
564.000
276.000
76.000
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12,000
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American afloat for
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MM
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Liverpool stock
Continental stocks
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14,500
12,000
American—
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5,440
36,000
39,700
5,080
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877,100
2,800
50,600
35,'00
2,300
8,700
51,000
.
897,500
3,400
.
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Continental
,047,100
1881.
826.000
51,100
.1,383,800 1,408,800 1,113,900
1,219,450
251,000
275,000
323,000
284,000
3
76.000
101,000
103,000
167,000
e
22,Ooo
38,000
Stock in United States
20,000
25,000
ports
282,540
353,674
229,355
Stock in IT. S. interior towns.
310,556
26,766
o.t,’
33
29,739
United States exports
54,777
to-day.
14,000
2,300
2,000
11,600
Total visible supply
.2,056,106 2,238,407 1,820,994
2,072,383
Of the above, the totals
of American and other
C-j
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Decmbr.
1,72.40
1085 4,0
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188 J..I ti
1882.
995,000 \1 82 s,000
52,100
69,500
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This year’s figures estimated.
Tlie above totals show that
„
the old
interior stocks
decreased during the week 4,520 bales, ; md
are
have
to-night 32,867
the same week
the week.
the receipts at all the towns
1882-83.
Quotations for Middling 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
709,248 bales less than
day of the past
July 11.
Mobile
Savannah....
Charleston...
11
-
11%
11*8
Wilmington..
Norfolk
Boston
Baltimore
11
11
11
11
11
1L
It
11
-
^
11
-
1118
..
Philadelphia.
Augusta
Memphis....
....
6t. Louis
Cincinnati...
Louisville....
....
Ills
11
1078
1078
1078
1078
11
11
1 L
11
10%
107g
1078
107s
11
1078
Nominal. Nominal. Nominal.
11*8
11 *8
11*8
10%
10%
11
11*4
11%
ILLS
11
11%
10%
11%
11
11%
10%
u
10%
11
11
107q
11*8
107s
11*8
107a
1
11
11
11
11
11
11
102, lowest 71.
Last week it was showery on two days, and the
reached fifty-nine hundredths of an inch. Qrops were
10%
078
.
-
has been no rain during the week,
and we are beginning to need it. Crops are good. Enterprising
first-bale people have begun picking in adjoining counties.
Weather exceedingly hot. Average thermometer 86, highest
LuHng, Texas.—There
11
11
1158
10%
inch.
11
11
11%
11%
10%
Receipts from the
Fri.
Thurs.
11
11
11
11
11
Wedne8.
Tats.
11%
11 is
11%
11 *4
COTTON ON-
QUOTATIONS FOR MIDDLING
Mon.
Satur.
Galveston....
New Orleans.
for the same time in
week.
CLOSING
weather lias been warm and dry all
Pipspects good. The thermnmeter lias averaged
84, ranging from 74 to 98.
Last week we had fine showers on three days, the rain¬
fall reaching one inch and twelve hundredths.
Crops were
doing well. The thermometer averaged 83, the highest being
91 and the lowest 69.
During the month of June the rainfall
reached one inch and forty-five hundredths.
Huntsville, Texas.—We have had warm and dry weather
all the week.
Crops are promising, but the weather is very
hot. The thermometer has ranged from 74 to 100 averaging 87.
Last week it rained splendidly on three days, the rainfall
reaching one inch and thirty hundredths. Crop accounts were
more favorable.
The thermometer averaged 85, ranging from
69 to 95.
Rainfall for month of June forty hundredths of an
Palestine, Texas.—The
The receipts at
bales less than at the same period last year.
the same towns have been 4,512 bales less than
last year, and since September 1
are
[Vol. XXXIX.
THE CHRONICLE,
52
11
11
Plantations.—The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are some¬
times misleading, as they are made up more largely one year
r
rainfall
unques¬
tionably good... The thermometer ranged from 71 to 95, aver¬
aging 83. During the month of June the rainfall reached
sixty-five hundredths of an inch.
Brenham, Texas.—The weather has been warm and dry all
the week.
Rain is desired. Crops promise fair. The ther¬
highest being 98 and
mometer has averaged 86, the
lowest 72.
Last week the weather was
the
interior stocks. We reach,
dry and warm. Crops were
conclusion through a comparative statement promising, but would soon need rain again. Average ther¬
like the following. In reply to frequent inquiries we will add mometer
84, highest 97 and lowest 69. Rainfall for the month
that these figures, of course, do not include overland receipts or of June two inches and forty hundredths.
Southern consumption; they are simply a statement of the
Belton, Texas.—We have had no rain all the week but will
weekly movement from the plantations of that part of the crop soon need some, as the heat is terrific. Fields are clean. The
which finally reaches the market through the outports.
termometer has averaged 86, ranging from 73 to 103.
Last
RECEIPTS FROM FLANTATIONS.
week we had showers on two days, and the rainfall reached
fifty hundredths of an inch. Prospects continued good. The
thermometer averaged 84, ranging from 68 to 98.
St'k atlnterior Towns. Rec'pte from Plant’ny
The rain¬
Receipts
at
the
Porte.
Week
fall during the month of June reached one inch and eight
1884.
1883.
1882.
1884.
uMtkj—
1883.
1882.
1834.
1883.
1882.
than another at
the expense of the
therefore, a safer
e
34,423 48,761
2......
May
59,244
33.606
Apr. 25
II
9
25,881
50.575
II
16
20.864
43.976
1S.9S1
38,539
•1
23
II
June
12.757
82,809
19.914;
23,3:18
15.657 127.630 147,942
8,694 115,435 133.872
5,863 101.018 125,565
81.235
12,068
14 0%
64,174
10,184 31,134
8,669 29,905
2.564 30,233
5,517 19,540
5,433 16,703
2.672 14,410
1,872
1,0)1
175
2,766
7,052
2,01c
75,*22
70,523
30
15.950
30.426
0
15,621
13,658
25,456
21,573
12,534
8,409
13,869
12.395
4,725
59,550
88.210
45.934
5.642
79,509
39.547
74.617
37,523
68.762
31*941
13
20
....
3
9,28ft
9,586
11,497
11,914
4,655
50,417
42,843
11
8,1*2
11.024
7.578
35.454
27
44
36.021
93.535 114,679
83.S94 105,926
72.103 98,763
St
July
11.161
8.129
4k
II
90.791
20,923 157,8^0 189.806
20,053 143,327 164.383
50.10.9
50 355
753
5.139
3,281
hundredths.
The weather was warm
504
1,886
growing beautifully. The thermometer averaged 82, the high¬
est being 95 and the lowest 66,
Rainfall during the month
of June three inches and twelve hundredths.
Dallas, Texas.—No rain all the week.
A good shower is
wanted. It is stifling hot. The fields are clear of weeds.
1.996
Average
1.780
4 519
2,655
S04
l
total receipts from
4,777,059 bales;
September 1, 1883,
4,629,744 bales.
2.—That, although the receipts at the outports the past week
were 7,578 bales, the actual movement from plantations was
only 1,990 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 5,139 bales arid for 1882 they were
The above statement shows—1. That the
the plantations since
were
in 1882-83 were 5,908,203 bales; in 1881-82 were
753 bales.
Amount of
Cotton in Sight
give the receipts
we
July 11.—In the table
from plantations in
below
another form, and add
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.
the net
to them
j 1883-34.
1882-83.
1881-82.
1880-81
1,701,874 5,015,930 4,630,715 5,722,045
Interior stocks
excess
on
July 11 hi
*17,215
of September 1
52,277
*9,971
35,165
4,020,744 5,757,2 ? 0
eipts from plantat’us -4,777,050 5,008.203
500,700
404,336
637,008
570.005
vo.laud to July I
195,00.
220, OOu
T» t. ro
Net >
Southern
eonsumpt’n to July 1 !
202,000
318,000
jo,040,201 6,023,0.01 5,323,08016,462.000
*■
Decrease
from September 1.
amount in sight
1,230,697 bales, the increase as
1831-82 is 320, IS i bales, audtlio decrease from 1880-81
It will 1m seen by tbo above
night, as compared with last,
to
that tbo doorcase in
year, is
compared with
is 818,745 bales.
Weather Reports by
has been warm and dry
prospects are good. The
101, averaging 85,
and dry all last week. Crops were
Weatherford. Texas.—The weather
all the week. It is very hot, but
thermometer has ranged from 70 to
Telegraph.—The weather lias been
quite favorable during the week at the South, and the crop is
generally making good progress. With a continuance of good
conditions, the prospects are promising.
thermometer 88, highest 105, lowest 74.
No rain last
week. Crop accounts were more favorable.
ranged from 70 to 100, averaging 86. Dur¬
The thermometer
and eighty-seven
Columbia, Texas—Warm and dry all the week. All crops
very fine.
The thermometer has averaged 84, the highest
being 98 and the lowest 06.
Last week it rained on four days and the rainfall reached
inch and eighty hundredths. Rain was beneficial to most
crops, but engendered fears of cotton worms if continued.
Everything very promising. Average thermometer 83, high¬
ing the month
hundredths.
of June rainfall four inches
are
one
and lowest 71.
Rainfall during June one inch and fifty
hundredths.
JSeiv Orleans, Louisiana—It has rained on three days
est 92
of
the week, the rainfall
The thermometer lias
Shreveport,
reaching two inches and six hundredths.
averaged 85.
Louisiana.—We have had clear weather all the
winds,"and the temperature has ranged
week, with very light
unusually high. The crops are reported good everywhere, and
the roads are in fine condition. ‘ The thermometer has ranged
from 76 to 104.
Vicksburg,
Mississippi.—With the exception of severe rain
day, the week has been pleasant, dry and warm. The
rainfall reached One inch and ninety-live hundredths. The
thermometer lias ranged from 75 to 97.
Meridian, Mississippi.—It has rained on one day of the
week.
Good progress is being made m cleaning the fields.
The thermometer has ranged from 65.15 103.
Greenville, Mississippi.—It has rained lightly on two days
of the week, the rainfall reaching one inch and forty-eight
.hundredths. The thermometer lias ranged from 73 to 99,
averaging 86.
. ,
on one
unusually severe
becoming troub¬
seventeen hun¬
and lowest 63.
Columbus, Mississippi.—We have had
rain on two days of the week, and weeds are
lesome.
The rainfall reached two inches and
dredths. Average thermometer S3, highest 93
Little Hock, Arkansas.—Of the past eight
days Thursday,
Texas.—The weather has been warm and dry all
July 3, was cloudy, with a heavy rain, and the remainder of
the week. Average thermometer 87, highest 95 and lowest 80. the time the weather has been clear and very hot. The rain¬
Rainfall during the month of June live, inches and seventy- fall reached one inch and eighty-three hundredths. . Crop re¬
Galveston,
hundredths.
Indianola, Tex a*.—We have
ports are
had no rain during the week
badly a.s yet. The thermome¬
ter has averaged 8'*, the highest being 98and the lowest 76.
Last week we had showers on two days, and the rainfall
reached two hundredths of an inch. Crops were promising.
Average thermometer .84, highest 93 and lowest 76. Rainfall
for t ie month of June seven inches and thirty-one hundredths.
of the State,
and
'
generally favorable, except from the Southwest part
where uplands are suffering for rain. The ther¬
mometer has averaged 83, the highest being.98 and the low¬
three
are
needing some, but not
est 69.
received.
Pine Bluff, Arkansas.—Telegram not
Fort Smith, Arkansas.—We have had
the week, the rainfail reaching eight
Crop prospects
to 94,
rain on one day of
hundredths of an inch.
are tine. The thermometer-lias ranged from 78
•
July 12,
THE CHRONICLE.
1884.]
Helena, Arkansas.—We have had showers on two days,
and the remainder of the week has been pleasant. The rainfall
reached one inch and ten hundredths.
Good progress is
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR
YEARS.
being
clearing the fields of weeds and grass. Average ther¬
mometer 82, highest 98, lowest 72.
Last week we had rain on one day, and the rainfall reached
twenty-five hundredths of an inch. Crop accounts were more
made in
favorable.
to 89.
The thermometer
53
Year
Shipments this week•
Shipment*
Great Conti¬
Brit'n. nent.
Great
1884
1883
1882
1881
averaged 77, and ranged from 70
2,000
8,000
Total.
8,000
since
Jan. 1.
Conti¬
nent.
Britain
Receipts.
This
Total.
Since
Jan. 1.
Week.
5,000 162v000 5S2.000 1,044,000
0.000 1,503.000
4.000 12,000 421,000,752.000 1,173.000 4.000
1.515,010
9.000 8.000 17,000:«9f,.000;5f9.000 1.255.000 15.000
1,548,000
1.000 IS.000 19,000252,000)501,000
753,000 12.000 1,099,000
Newport, Arkansas.—Telegram not received.
According to the foregoing, Bombay appears to show an
Memphis, Tennessee.—We have had light showers on two
days of the week, the rainfall reaching thirty-seven hundredths increase compared with last year in the week’s receipts of
of an inch.
Crops, though late, are making good progress. 2,000 bales, and a decrease in shipments of 7,000 bales, and
the shipments since January 1 show a decrease of
The thermometer has averaged 83, ranging from 72 to 96.
129,000 bales.
The movement at Calcutta, Madras and other India
Last week we had rain on two days, and the rainfall reached
ports for
one inch and
twenty-four hundredths. Cotton blooms were the last reported week and since the 1st of January, for two
“Other ports” cover Ceylon,
numerous; the first was received jit Memphis on
Monday, years, has been as follows.
June 30, and came from Bolivar County,
Mississippi. The Tutieorin, Kurraeliee and Coconada.
thermometer ranged from 68 to 93*5. It rained on sixteen
days
during the month of June, and the rainfall reached seven
Shipments for the week.
Shipments since January 1.
inches and thirty hundredths.
60 to 96, and averaged 76.
.
The thermometer ranged from
Nashville, Tennessee.—We have had rain on four days
during the past fortnight, the rainfall reaching one inch and
forty hundredths. We are having too much rain. The plant is
-small and the crop very grassy.
The thermometer has ranged
from 03 to 94, averaging 78.
Mobile, Alabama.—It has been showery on two days of the
week, the rainfall reaching twenty-six hundredths of an inch.
Crop accounts are more favorable, good progress is being made
in clearing the fields, and the
crop is developing promisingly.
Average thermometer 79, highest 9o and lowest 69.
Montgomery, Alabama.—It has rained on four days of the
week, the rainfall reaching one inch and seven hundredths.
There are reports of some damage from too much rain in a few
localities, but the prospects are generally favorable. If rain
ceases now a good
crop will be made.
The thermometer has
averaged 79*3.
Selma, Alabama.—We have had rain on two days, the
rainfall reaching one inch and
fifty-eight hundredths. We
hear rumors of the appearance of
caterpillars, but think them
of very little importance.
The thermometer lias averaged 79;
ranging from 66 to 89.
Madison, Florida.—Telegram not received.
Macon, Georgia.—It has been showery on three days of the
week, and it is now warm and cloudy. We are having weather
generally favorable to cotton, and crop accounts are im¬
proved. Good progress is making in clearing the lields.
Average thermometer 77, highest 88 and lowest 05.
Columbus, Georgia.—We are having too much rain, and
weeds are growing so fast that they are
becoming trouble¬
some.
The rainfall during the week reached one inch and
ninety-one hundredths. Should the wet weather be followed
by drought, damage by shedding would be great. The plant
is reported large, but
poorly fruited. The thormometer Inis
averaged 81, the highest being 93 and the lowest 73.
Savannah, Georgia.—It has rained on two days of the
week, and the remainder of the week lias been pleasant. The
rainfall reached forty-nine hundredths of an inch.
The ther¬
mometer has averaged 81, the
highest being 96 and the low¬
Calcuttar1884
1883
Madras—
1884
18 $3
All others—
1884
1383
110 and the lowest 69.
Columbia, South Carolina.—Telegram not
The
\July
87.500
41.200
400
73,400
10,800
123,700
84,200
500
500
13.500
1.C00
15,100
4,700
1,000
5,700
13.500
7,500
9,200
22,700
2,000
9,500
114,500
b5,000
52.00o
13.800
160,500
......
500
Nashville
Shreveport
Vicksburg
lii ^h-water mark
low-water mark.
low-water mark.
low-water mark.
low-water mark.
EXPORTS TO EUROPE FROM ALL INDIA.
1884.
Shipments
to all
Europe
from—
Bombay
All other
India
or
Inch.
3
Feci.
11
1
23
A
10
14
11
0
4
13
39
11
7
5
1(5
<:
Since
This
Since
This
Jan. 1.
week.
Jan. 1.
week.
5,000 1,044.000
500
Total
re-arranged
our
India service
detailed and at the
it
Movement
same
time
from
so as
all
2
more
106,500
5,500 1,210,500
.12,OOOj 1,173.000
400:
|
|
Since
Jan. 1.
17.000 1,255,000
99,400
4,500i
J 2,400 1.272,400
212,000
21,500 1,467,000
This last statement affords a very interesting comparison
the total movement for the three years at all India
of
ports.
Alexandria Receipts and Shipments.—Through arrange¬
we have made with Messrs. Davies, Benachi &
Co., of
ments
Liverpool and Alexandria,
receive
we now
weekly cable of
a
the movements of cotton at Alexandria,
Egypt. The following
are the
receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexandria, Egypt,
1883-84.
July 9.
1882-83.
!
1881-82.
Receipts (cantars*)—
This week....
Since Sept. 1
2,641,000
This
week.
E
2,251,000
Since
2,831.720
Sept. 1.
This
week.
251,090
13S,000
2,000 230,000
1,000 87,000!
389,000;
3,000
Since
This
week.
Sept. 1.
Since
Sept. 1.
eports (bales)—
0
To Liverpool
To Continent
Total Europe
*
......
245.900
176.271
323,000^
422,171
A. cantar is 98 lbs.
This statement shows that the
July 9
receipts for the week ending
cantars and the shipments to all Europe
were
Manchester Market.—Our report received from Manchester
to-night states that the market is fl it. We give the prices for
to-day below, and leave previous weeks’ prices for comparison.
7
5
point.
Ports.—We have
to make
1882.
This
ports.
1834.
Inch
•->
16 feet above* low-water mark at that
Cotton
1883.
iceek.
bales.
New Orleans reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to highwater mark of April 15 and 10, 1874, which is 6-lOths of a foot
above 1871,
99,400
shipments since January 1, 1884, and for the corresponding
periods of the two previous years, are as follows:
■
.Eelow
.Above
.Above
.Above
.Above
500
400
400
-
Memphis
Total.
10, ’84. July 12, ’83.
Feet.
New Orleans
.
Continent.
\
The above totals for the week show that the movement from
the ports other than Bombay is 100 bales more than same
week last year.
For the whole of India, therefore, the total
received.
following statement we have Jilso received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
July 10, 1884, and July 12, 1883.
Britain.
"400
Total all1884
1883
est 68.
r
!
Great
Total.
nent.
I
-
Augusta, Georgia.—We had light rain on two days in the
early part of the week, and the rest of the week the weather
has been favorable and hot.
The rainfall reached forty-four
hundredths of an inch. The crop is developing
promisingly,
and accounts are excellent.
The thermometer has ranged
from 65 to 91, averaging 79.
Atlanta, Georgia.—\\re have had rain on one day of the
week, the rainfall reaching thirty-six hundredths of an
inch. The weather is now warm and
cloudy. Average ther¬
mometer 77, highest 89 and lowest 62.
Charleston, South. Carolina.—It has rained on four days of
the week, the rainfall reaching,one inch and sixteen hun¬
dredths. The thermometer has averaged 80, the
highest being
Conti¬
Great
Britain.
our
accurate.
reports more
32* Cop.
Twist,
a.
May 9
d.
3
“
it 85g CD
23 334 3
3‘>‘ S'-H 3
Jane (> 8*4 3
“
13 84 3
“
“
“
20
“
27 8 r>8
3
3
July 3 S58
3
“
11
Sr>8
8^8
3
|
\
1883.
84 lbs.
j
Shirtings.
s.
94 5
94 5
94 5
94 5
9V5
9*4 5
94 5
9 4! 5
9 4! 5
94 5
d.
s.
8437
882CD7
8 437
8437
8 4 37
8 4 37
74 37
7
7
7
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37
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Coll’ii
Mid.
32* Cop.
Twist.
Vpi-S
d.
6*16
64
♦
5lfl
6:*»
04
6" 16
0:%
516
65.(J
<
d.
d.
84 lbs.
Shirtings.
8.
d.
r.
d
Cotin
Mia.
Uplcs
d.
8*8 3 94 5 10
37
44
5 10
37
37
37
a 7
37
37
37
37
37
4 A)
5lai6
44
57s
534
81116®
-
4 3 9 4 7> 10
5
9
84 3 94 5
9
94 5
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Ski 3 94 5
84 3 94 5
84 3 9 4 D
3
14
14
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511,6
514,1
514
5916-1
54
We had found
European Cotton Consumption to July 1.—By cable
impossible to keep out of our figures, jis cabled to us for the
ports other than Bombay, cargoes which proved only to be to-day we have Mr. Ellison's cotton figures, brought down to
shipments from, one India port to another. The plan now July 1.
The revised totals for last year have also been
followed relieves us from the danger of this inaccuracy and received and are given
for the purpose of comparison. The
keeps the totals correct. We first give the Bombay statement takings by spinners, in actual bales and pounds, havejbeen as
for the week and year, bringing the figures down to July 10.
follows:
54
THE
From Oct. 1 to
July 1.
Continent.
Great Britain.
CHRONICLE.
[VOL. X
.
IX.
The
foregoing shows that the actual weekly consumption
Europe during June was 141,000 bales of 400 lbs. each,
against 139,000 bales of the same weights at the corresponding
Total.
in
For 1883-84.
2,490,000!
5,205.000
Takings by spinners., .bales
2,709,000
420I.
428
Average weight of bales
429
Takings in pounds
1,102,161,000 E,063,290,00012,225,457,000
time last year.
New York Cotton
Exchange.—Monday next, July 14, is
day appointed for the first call of print cloths. It will fol¬
low the first cotton call, and another call will be made after
the
For 1882-83.
Takings by spinners., .bales
Average weight of bales....
2,078,000
2,860,000!
443
Takings in pounds
5,538,000
424
the third call for cotton.
433
1,180,571,000 1,712,040.00c 2,399,211,000
According to the above, the
average
First Bales
weight of the_ deliveries
in Great Britain is 429 pounds per bale to July 1, against
443 pounds per bale during the same time last season.
The
Continental deliveries average 420 pounds, against 424 pounds
last year, and for the whole of Europe the deliveries average
428 pounds per bale, against 433 pounds during the same
received is
July 1.
of 400 lbs. each.
000s omitted.
1883-84.
1
1
'
j
Britain.
:
Total
supply
Consump. Oet., 4 wks.
i
Conti-
Great
Conti-
Britain.
nent.
Total.
nent.
341,
442,
i'
323,
170,-
499,'
1
421,
292,
520,
941,
560,
98,
Spinners’ stock Oet 1.
Takings in October...
1882-83.
>
Great |
j
268.
j Total.
1
92,
139,
*221,
'233,
149,
! 382,
j!
283, |
603.
260.
:
27,
387,
28,
320,
|
707,
315,
288,
5 18.
Spinners’ stock Nov. 1 j
129, j
252,
381,
3*6,
335,
721,
Total supply
Consump. Nov., 5 wks.
515,
305,
587,
335,
1.102,
•114,
.348,
762,
700,
360,
325,
685,
Spinners’ stock Dec. 1
Takings in December.
150,
<>v>
402,
218,
301,
519,
Total supply
Consump. Dec., 4 wks.
*285,
Spinners’ stock Jan. 1
Takings in January..
113,
414,
398,
’
’
i
j
557.
77,
d
67,
lit.
fsi.
800,
|ji 497,
j 564,
390,
887,
504,
325,
1,068,
179,
311,
383,
40,
277,
520,
260,
1,060,
263,
260,
2 SC,
263.
1,198,
680,
518,
629,
350,
Spinners’ stock Feb. I
Takings in February.
207,
311,
347,
Ok O
554,
595,
264,
1,147,
284,
270,
329,
333,
294.
599,
627,
288,
360, •
20 4,
,
j
j
336,
5
548,
.
374,
724.
260,
5 1 8.
1
003,
023,
1,226,
j
Consump. Mar.. 4 wks.
292
264.
541,
Spinners’ stock Apr. 1
Takings in April
311,
359,
670,
321,
323,
64
Total supply.....
Consump.April,5 wks
032,
305,
0 8 2,
1,314,
3 12.
707.
Spinners’ slock May 1
Takings in May
267,
310.
607,
1
320,
321,
611,
■
Total supply
Consump. May, 4 wlm
587,
292,
Spinners’ stock June 1
Takings in June
285,
181,
I
t,
Mr.,
j
]
677,
j
!
■
rQ~
523, |
5 19, i
supply
Consump. June,*4 wks
Spinners’ stock July 1
A
479,
292
523.
2S,i-
260,
263,
263,
429,
394,
j
.
526,
I
823.
|
692/
657,
1,3 19,
357,
3 lO,
697,
335,
255,
317,
436,
652,
691.
590,
286,
753,
1,313,
268,
554,
304,
,789,1
242,
485,
3-7,
546,
872.
1,418,
86.
268,
554.
260.
6<>4,
861.
o
061.
1,248,
272.
sot,
389,
270,
681,
'
454.
|
659,
1.138,
i
o
'
187,
>
387,
561,
,
*2
|
j1
57t,
Oet. 1 to
18*3^4.
020,
Bates of 4CM) lbs. c<tch.
OOo.v
(tut
it ted.
Great.
Conti-
Britain
nent.
i
Spinm-rs’ stock Oct. 1.
98.
Takings to July 1
2.900.
314,
2,658,
Supply
3.«-04.
3.102,
Consumpt’i) 39 week* 2,817,
2,615,
5.132,
...
i
Total,
!
442.
187,
387,
5,697.
6,''(i6, !i3.<i48.
3.170,
6.21*,
i r2,788:
2,566,
5 354,
260.
604,
,
57 i.
OO.v omitted.
In November
j
Til December
In
February
'
!
137.0
72,0 ‘
65,0
137.0
72,0
65,0
137.0
In
May
", 3,0
1
137,0
73,0
75,0
j
1
|
72.0
65,0
66,0
06,0
139.0
72,0'
65,0
137,0
67,0
67,0
67,0
139,0
68,0
141,0
72,0
08,0
111.0
72*0
68.0
141.0
ij
The report,
65.0
07,0
00,0
April
was
65,0
71,0
In
badly in.grass, except in portions-of Georgia: and while the
72,0
'
140,0
73,0
the whole rather inferior.
In Alabama and the Atlantic .Stares the
lands were well cultivated when the rains set in. tin* crop* were clean
and the ground in a good condition to receive moLture. The rainfall,
while mo e than needed, has not seriously damaged tlie crops or pur.
on
72,0
j
140,0 j
138,0 j
136,0
J
and
fifteen
of the Department of Agriculture for July relative to cot¬
represents that rains have been excessive, during June over the
i entire b eadili. the tern era?tire low, the. plants t,<>o succulent, amt gen¬
erally late for the season.
In sonic places almost daily r..ius haVe
occurred for two or three weeks. Tiie fields arc. necessarily grassy, in
137,0 M>me cases the plants are smother* d, and tlie’aplns is oceoniiug abund¬
137,0 ant. There is some Com pi dut of shedding forms as the result of these
864. !
07.0
71,0
work,
following statement, showing the condition of cotton,
issued by the Department of Agriculture, July 10.
.-
07,0
70,0
The weather conditions during June have been exactly reversed from
these of May. The Atlantic and Eastern Gulf States now report an
excess of rainfall.
*
*
*
On the other hand t lie district west or meri¬
dian 13, embracing the bottom lauds of Yissiasipi, the States of Atkansa's, Louisiana and Texas, have had it light fall, and that distributed
in timely showers.
The Western half of the cotton bolt. I as, therefore,
days: but is looking well, though- small, and the stands are generally
pretty g tod, much of the late planting leaving germinated and conn*, up
during tin* e >rly part of June. * *
Taking the whole cotton belt
TogetHer, 1 he co'mliiion may bo represented as better than at the close of
Mayan a.trifle superior iu last year, with prospects, however, largely
depend *nt upon early cessation of rain in the Atlantic States, and' the
crop, owing «o latenessand deficient growth, subject to serious loss from
an early frost of even one at average date.
The Agricultural
Department's- July Report.—'Tlu*
]
73,0
73,0
In March
In Jon**
j
Exchange issued its report for the month
July 8, and it is summarized as follows:
ton
'
j
!
January
OO
139,
3.03 r,
on
fields new need the plow and ho \ ami the situation is somewhat criti¬
cal. the reports agree in. stating that, with a week or ten days’ dry and
warm weather, they would be pur in good trim
The plant has.sntfered
some from the o« niinued low temperature, which
lasted until tho 15th
orCOth, iIn* cold being suMich nt.for tires toward the North, with light
frosm in Virginia and North Carolina; but me last ten days were*,
.wanner and the growth more rapid.
In this section the plant is, as a,
rule, not so late as west of the liver, hut.is still backward ten to twenty
Total
l
In October
In
nent.
82,
Weekly Consumption,
-
Conti-
5,961. j 2 966,
_
Spii'iiers’ stock July ]
Great
Britain
July 1.—
The National Cotton
them very
1882-83.
j
.
for
in condition verv much. The dry v outlier has facilitated
and,
except
in
Texas,
the
are
field*
pretty
the plant
and growing
well, though late
healthy
bv
to
days,
is not
so
thirty
in Texas, work
well
advanced, owing to the very foul condition
previously and the
necessity for so much re-planting, and 1 lw crop there is about the latest
in many years.
In this section ihe condition is, therefore, much better
than in May, but not much, if any, above last year: and the stands are
vear
July 1.
National Cotton Exchange Crop Report
improved
\
:
deny the wisdom and justice of the above reso¬
have the effect of putting an end to the
questionable practices which have obtained in former seasons.
The resolution is aimed both at “ bogus " bales and also cotton
picked befpro maturity. The Georgia bale received at Sa¬
vannah, July G, 1883, was generally acknowledged' to be a
fraud, and a hale that was received in this city from Houston,
Texas, was “ gin cut “ and quite wet, being picked before ma¬
turity. These so called new bales do a deal of .damage to the
cotton interest and hereafter will, owing to their failure to
receive the approval of the Cotton Exchanges,, have no stand¬
ing as such.
farm
Wean
is reached by
striking comparison with last
bringing together the above totals and adding the average
weekly consumption up to this time for the two years:
more
will
one
1,072,
of June
516, !
-
'
.
Total
549,
are
country, therefore be it
Resolved, That the National Cotton Exchange recommends
to the Cotton Exchanges of the United States, that a new bale
of cotton shall be so classed only when it is fully matured.
That any cotton found in such bales not fully matured shall
be considered good grounds for its rejection.
All lirst new
bales received from any State shall he submitted for examina¬
No
i
Total supply
first bales of= cotton
rapidly approaching, it is
lution. and it should
i
Spinners’ stock Mar. 1
Takings in March.....
National Cotton
tion to the Committee on Classification at the Exchange
where received, and their decision of acceptance or rejection
shall be final.
652.
398,
285,
356,
553,
Consump. Jan., 5 wks.
supply
Consump. Feb., 4 wks.
301,
t
355,
951,
on,
330,
Total
23,
351.
55,
!|j|.
553,
268,
.
Total supply
54,
new
the
marketed is calculated to mislead the cotton interests of the
-
1
Takings in November.
and
Comfort, Va., July 18th and 19th, 1883.
The subject was
introduced by Mr. Seeligson, of Texas, who at the same time
submitted a sample of a reputed first bale of cotton of that
year's crop which might be called r anything but cotton ;
and as he desired to condemn the practice of getting up bales
of that sort, presented the following resolution:
Whereas, A sample of the first new bale of cotton received
at the city of New York from Texas, July !
2,has been exhibited
on
the lioor of this Exchange, showing conclusively that it
was picked when unmatured,
and believing that cotton so
summarv:
Oct. 1 to
Bales
New Cotton
proper to call the atten¬
tion of those interested to the action taken by the National
Cotton Exchange at their sixth convention, held at Old Point
period last season. In the following table we give the stock
held by the mills, their takings and their consumption, each
month since October 1, all reduced to bales of 400 pounds each
for this season and last season.
It is a very convenient and
useful
of
Exchange.—As the time when
72.0
139,0
1 39,0
condition-.
A statement received
from tho Signal
Service utiice
shows
that
the
mean
temperature for June was about 3 deg.
below
normal at
Wilmington, 5 deg
at
Charleston,
and
(in
the inteiiori 4
deg. at Charlotte and tO deg. at Atlanta/ He-
yornl in** Mississippi the depression was from 1 deg. to 2 (legs. With
seasonable weather hereafter the condition will ltnpri ve. With drought
following exposure of such sttcculen. e by clean cultivation serious
injury would result. There is nothing at present to render a fair crop
impossible, but the next sixty days will be awaited with interest if not
There has been sotiie planting in June, especially in Louisiana,
anxiety.
.
July 12,
1884.]
THE
CHRONICLE
where overflows prevented
seeding. The general average of condition
is one point lower than in
June-8b instead of 87. Last. July it was
90;
in 1882 it was 92.
But in 1881 it was 95.
falling thereafter to 66 in
October. Condition is generally
highest imJuly, but in 1“80 and 1882
it was highest in August. Condition in Florida
and Alabama remains
as in June; in the Atlantic
Slates, Mississippi and Tennessee it has
declined, and west of the Mississippi it lias advanced.
oo
day
of the month in 1883 and 102,041 bales more than
they were
to 71
the same day of the month in
:
1882. We add to the table
the percentages of total
port receipts which had been received
to July 11 in each of the
years named.
Jute Butts,
The averages
are:
Bagging,
Etc.—There has been rather more
Virginia, 87; North Carolina, 87; South Carolina,
93; Georgia,
90 ; Florida, 99; Alabama, 93 ;
Mississippi, '83 ; Louisiana, 74; Texas, doing since our last report for bagging, and the market is be¬
80; Arkansas, 80; Tennessee, 89.
ginning to show some activity. Dealers are
looking for more
business and are showing more
The'June and July condition figures,
compared
with
the
June
firmness,
and
an advance is
and July figures for
being looked for.
At the close the
previous years, are as follows:
iigures are 914c. for 1 % lb.,
19c.
for
lb., 10:j4e. for 2 lb. and 1144c. for standard
i
grades.
Butts are coming to hand
1884. .! 1883.
1882,
1881.
1880.
1S79.
quite freely“ but with rather more
inquiry
prices
continue
Slates.
steady, and though the lots are small
the aggregate amount
J ';
J
^ 1 J
placed is good for the season, and
sellers are quoting 2(«>2L e. for
s
paper grades and
for
^
^
^
bagging qualities.
Ju!ne. July.
<r
July. June.
951
N. Carolina
S. Carolina
i
87
81
Mississippi
93
87:
Louisiana.
Texas.
Arkansas
Tennessee
72!
74
91
77;
851
92
8- J
8ti
87
91
91
93
95
87
89
91
93
84
78
A verage
871 S*ii 86
.83
95
88
90
93
85
SO
90
89
92
93i 85
961 90: 86
99! 99! 94
Georgia
.*
93
87
83 ' 66
-9
j* 89
92
89
97
•
93
95
99 100
96
Shipping
News.—The exports of cotton from the
United
States the past
week, as per latest mail returns, have reached
22,455 bales. So far as the Southern
ports are concerned, these
are the same
exports reported by telegraph, and
published in
the Chronicle last
Friday. With regard to New York we
include the manifests of all vessels
cleared up to
Thursday
night of this week.
Total bales.
York—To Liven ool, per steamers
Alaska, 2,1445
A ar¬
8 lb
Catalonia. 1,800....City of Chester, 1,918
City of Chit ago. 1,793.... Dalton,
2,711....Egypt, 1,182
Republic, 588
13,052
To 1 inil. per steamer i
epanto. 937
937
To Leiili, per steamer Cl
itic, lOu
loo
J o Havie,
per steamer St. Germain, 100
loo
To
New
son a,
93
The average given above for all the States is the
average as
given by the Department.
Louisiana
Legislature
to declare contracts
made under certain
Future Contracts.—A bill
for sale of articles for future
delivery,
and is
now
and
Bn men, per steamer Weira. 2.
0
To Hamburg, per
steamers llammonia, 1,158
u08... Rngia, 550
To Ah twerp', per st< umer
Rhynluiul, 730
To Ri val, per steamer
Geisef, 900
To Genoa,
per sti timers lndepeiulente, 431
circumstances, to be unlawful, and
vide the remedy for such
casus,
to pro¬
lias been passed in the House
lie fore tin*
Legislature :
that unless it is the bona tide intention of l oth
parties to
actually deliver and i< reive cotton, grain, meats, or
animal, mine al or
vegetable product rout meted for future
delivery, such iontracts shall
be unlawful.
See. 2. if actions are brought into court
to enforce such contracts, the
burden of proof e-hall be niton the plaintifl' to
show that it was the buna
tide-intention of but it cart ies that said commodities
aim ed to be sold
and transferred should be
actually delivered and teceived in kind.
flee. 3. If any person shad
pay over to any one any sum or
money for
loss sustained ny lerson of siteli
contracts he shall be al din rty within
three months next ensuing to t eenier t lie
amount so lest and paid, with
costs of .>uit.
St e. 4. Any person liable to be sued
shall answer upon oath such
orders as shall be made against him.
See. 1
Total
form,
movement for the years
since
18S3
Sept’mb,’i
1882.
1831.
313.8 U
j 326,6;>i
Oetober. i 1,010.092; 980,58 5
Novemli'i 11,030.3 So 1,09 1.697
Decernbb
1.112,53(
i
487.72b I
752.827
February.i. 385,93-1
'Marche
241,514
595.59'
April...., .111,755;
28 4,5 LI.
May......
185.523
482,' 72
45,91
*
-
31,t.o2:
78,501
l,2lr
Pwro'tage of tot.
port
renciotn Juno
I0..1
Tins
ports
1.
1879.
458.478
333,643
853,195
968,318
974,013 1,006,501
996,307 1,020,802
437,727
571,701
291,992
572,728
257,099
470,53.
147,595 234,216
1 13,573
190,05 1
68,679
131,871
888,492
942,272
956,40 l
647,146
.
...
June
1830.
429,777
11,059.053j
January - I
beginning September
k. 620.487
447,91“
261,913
153,025
110,006
88,455
566,82 4
303,955
167,459
84,299
29,472
Philadelp’a
Total...
15,563
1.037
100
97 88
I
96*73
BosTon-t-For
99 12
than at Llicsuuie time in 1881-82.
By adding
to the above totals to June JP.the
daily receipts since that time,
wo shall be able to reach an
exact comparison of the movement
for the dilferent
years.
Tot.Jii.3ii'
July 1...
j
~
“
“
“
“
«<
“
“
*•
j
193
3,...
685!
-i- i
1,124
*5....;
G....J
241;
8.
■
*
255 j
8....|
1.824,
y
»—•!
10
•
8.
1881-82
3,185i
1,7331
1,719u
1
606;
j
1,6261
2,949
4
1
uly 7 — Da 1 k
j
July
5—“T<
|
Liverpool,steam d
Do
sail.-.d
1.7631
461)
2,855.
4,003 j
1,395!
1,168!
586
816
1.006
3,036
.
343
2,902!
271
1.5211
1,518
;
1,530 1i
1,76*,
2,068:
3,961!
8.
1,904:
2.624
3,8801
2,358j
2,601
6.
2,731
j
—H
•
:h«v
Do
11
i
97-20'
334
287
563
99-55
Tliis statement shows that the
receipts'since Sept. 1 up to
are now 1,J 16,191 bales less than they were to the same
to-night
■Ah
....
38"
}
V
saii...c.
.
!
...
-
^9*
•
-
-
-
as’
•
4
51(5A
>>
5kV
1
5pU
5
is*
■
...
....
vmst’d’m, steam.c,j
Do
rz.
sail..: c.i
V
:i8*
b~<
...
.
.
Reval, steam... d )
sail
c.
....
...
....
7;ij‘
:
•
.
,
.
7:s-2 *
.
....
....
Jarcelona.stcam.c.
•
J4'
c.j
*4*
7I(i'
:
...c.
7i«x
7in
5ih*
71«‘-
steam..c.i
51»;‘
4
.
7i 0*
"uV
5m'
7nU
7iF
7IB*
i'l
'<»>u pre««nrt.
Liverpool.—rBy cable from Liverpool,
we have the
following
sales, stocks, Ac., at that port. We
■
i
13!
'US'
‘As
1,112
322
97
Pri.
1
nuburg, steam, c.i
Do
Vhnrs.
►
....
sail.....c.j
•
••
....
add previous weeks for comparison.
-*
98*15
Wednes
•
414
8.
follows:
as
;:nU
-
statement of the week’s
5,9 i 1,065 4,632,833 5,709,613 4,858,4 iOi 4,427,572
98-19
Tuts.
629
4,5032,232,
8.
Aim nra. 554.
Mon.
.
June 20
Sales of the week
bales.
ji which exporters took
r*f which
speculators took..
Sales American
vctual export
Forwarded
Total stock —Estimated
-
Percentage of total!
*.ris‘ol, ! 3*00.
5—Steanur Bulgarian,
amt r
;
Women, steam. .c.i
Antwerp,
i
22,455
.
Sat nr.
3,402;
8.
1,559
1
Cotton freights the past week have
been
1
!
'
Jenna, steam
Trieste, steam
2,7011
90U
19,944
irk Alina. 1,258.
[H'.i.I’I! 1 a—For
1.2~lj4,-37.32^4,421,749
>336)
903j
1,993
»,6c
a.
•2,287 i
-a.
7
j 13S0-31. j 1879-80. j 1873-79.
;
2,405
1,060
*
11....1
j
1.2331
_
"
I S 82-83.
t,784.473jr>t894,2i6j4,620,487.
1,945
j
1 La
n0
1 833-3 !.
:
730
Total.
1,559
Liverpool—.1 uly* s —steamer Imiiai a, 94 0.
Below we give all news received to
date of disasters to vessels
carrying cotton from United States ports, Ac
-
(.
2,566
tie not/.
960
Liveriax 1- July 7-Steaimr Riruanl
Liverpool—July
-
l*ii
more
’!
AY ml.
2,566
205....July 8 —
low,;,
BaLTi.noiiE—For Liverpool —July 7—Steamer (
a>pian, 303.
For Bremen
steamer
*c *
i
96-71
Ant¬
werp.
7a0
Hull, 4,767
July 8—Steamer IVconic,
2,017..-..July 10—Sioanu-.r Chancel*
.
1
bury.
usual
our
2,511*
iavre, steam....c.i
statement shows that up to June 39 the
receipts at the
this year were 1.199.743 bales less than in 1882-83 and
103,983 bales
Leith. 11 a ere.
L( 0
-
97-91
97*9'1
1,559
2,511
Gough. 2,511...
Vincenzo Florid, strainer
(Hal.), Cafiero, tor Gibraltar, Marseilles
Ac., while proceeding to >e.t.
Hist Ruer. an i put into the Eric.July -9. touched on piniond Reef,
1878.
Basm, leaking in compartment
No. 2.
She ilisciie rged
cargo Horn injured compart
incut, and will
probably
proceed
mm.
early
288,848
week.
GI. n 1 r<»u I L\« n.vuin.'m.v, baric,
I
m*j ore re po. t e« i a 1 Co
689,264
pi n ha gen i n (list ress.
Ail \ ices from < open
liagcn. June 2 i, statu t ha; .the cot on
779.237 i
bark Gcui ori Tarabucliia. lium
cargo of
New (n icansp.! Revul. in
distress,
"ill have to Le
393,601 j
traie'-shipped To uesiinniiun by Danish steamer
Jylland ; vessel wid have to be repaired in re.
618,727
5.081,281 4,837,328
.
llullJ
-
elona-Julyj">~B
named.
Tear
Mom fity j
Receipts', j
Vincenzo
22.455
Jire men
J If'an¬
1,037
For Barc
For Malaga- ,J
The movement each month
i, 1883. lias been as follows.
September
York.
...
daily"and -monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
a
730
9o0
!
tables
2,310
Below we add the clearances this
week of vessels
carrying
cotton from United States
ports, bringing our data down to
the latest dates:
not end on the same
to
follows:
New Oui.eans—For
day of
our other standing
v,
4.
shipments, arranger! in
13,052
2,51 1
Comparative Fort Receipts and Daily Crop
Movement.
—A .comparison of the
port movement by weeks is not accurate,
consequently added
are as
Pont.
New
ess in
.’
Licet
5. All notes, bills, bonds,
judgments or other seem ities given or
executed by any person for the whole or
any part of the consideration
of such conveyances, or .‘•ecurities
for such contracts shall be ut
terly
void and ol' no ell'ect.
do
per steamer Lord
The particulars of these
tree.
the weeks iu diiTcToiit
years
the month.
We ha ve
250
I
Floiio, 1,1-8..
Philadelphia—To Liverpool,
enacts
as
i-
•_
-
July. June. July.
90
96
94
92 101
98 104
98
88
93 104
99 94
81
92
92 98
98
97 93 86
92 100
99 90 92 95 91
93 102 102
96 93 96
90
87
94
94
96
99 99
92
96 90
96
97 .90 9r
93
97
39
89)106 111 94 90
90 90 92 100 104 100 103
78
9 0 105
99 103
94 101
97;
Florida
Alabama
82
*
Of which American—Estim’d
Total import of rne week
Of which American.
A count rtfloai
*
•
•
v
*
^
..
,.
,
,
June 27
44.Ob
3 S'9
1,700
27,0m
4,30;
60,600
34,000
4.10b
l,7oo
4 ROOD
5, O i
6.500
85 7.00
1,000
1,000
31 0)0
5,5* <b
5,100
871 no,
5“1 .On*
5; 2.660
29,001
52,Ot4* t
4 l .01 ji
21.00*.
i
207,09
D>
''
2
«
J uly 11.
3 30o
1.0 1
i
7.4m
599,000
July 4
43,0‘.(i
12,*
>«
2.70
205,t 09
-
n
i‘
.
23,000
6,000
11,000
887,000
56 4.000
77 000
33,000
1 1 4.000
•U oi.O
56
Market,
12:30 p.m.
[
In
Demand
limited.
$
buyers’
co
500
8pec.& exp.
I utures.
Market,
12:30p.m.
Market,
4 P. M.
J
\
Dull
inactive.
Dull.
Steady.
Easy.
Steady.
.
No. 23Tkrlng...$
No. 2 winter
Firm.
and
Quiet.
steady.
opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause,
The
I3P*Theprices are given in pence
6 3-64d.
and 64ths, thus: 5 62 means 5 62-64d.,
Mon., July 7.
Open High Low. Clos.
Open High Low. Clos.
July
Jaly-Aug...
Aug.-Sept..
September..
Bept.-Oct...
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
0 17
0 17
0 15
6 15
6 14
614
6 11
6 11
6 11
6 11
6 17
0 15
0 15
6 14
014
0 11
0 11
6 11
6 17
0 17
0 11
6 17
0 17
0 19
6 19
0 17
0 17
610
0 10
0 14
6 14
6 14
6 10
0 14
6 19
6 10
621
6 16
6 21
6 10
021
021
0 19
6 19
0 18
0 18
j 6 10
6 15
014
0 14
j
0 12
0 12
0 12
0 12
6 17
0 17
0 17
0 17
0 15
0 04
0 03
0 03
0 03
6 03
6 00
0 01
001
5 03
5 82
5 02
5 60
5 00
5 60
601
5 63
; 0 co
; 5 60
0 00
0 01
0 04
6 00
Oct.-Nov«... 6 04
5 59
5 59
5 59
5 60
5 00
5 60
Nov.-Dee..
Dec.-Jan....
6 00
Jan.-Feb—
Feb.-March.
March-Apr.
April-May..
6 01
0 00
•
•
....
....
....
....
0 00
....
•
....
....
•
0 00
....
•
...
....
....
502
5 02
5 61
5 01
5 59
0 00
0 00
0 00
0 00
0 00
...
....
....
....
....
....
....
....
.
....
....
....
....
....
....
....
....
...
'
3 00 ft 3 35
Western, &o
5 75
6 35
4 40
3 45
Brandywine, <fec....3 30ft
91
Red winter
White
White No. 1
ft
98ha
95
ft
ft
ft
ft
61 x4
Slh>
49
60
Rye—Western
State & Canada
92
97L®
71
ft
Corn—West, mixed
West. mix. No. 2.
....ft
White Southern..
Yellow Southern.
State,
ft
65
white...
Western
64 ft.
68 ft.
68 ft
36 ft
Oats—Mixed
White
38 ft
No. 2 mixed
303-i®.
No. 2 white
40 ft.
Bariev—No. 1 Canada
ft.
No. 2 Canada
ft.
Western Yellow
ft
Spring, per bush.
Spring No. 2
Red winter, No. 2
ft
ft.
two-rowed
,ft.
State, six-rowed
68
70
38
41
breadstuffs to market is indicated in the
prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the compara¬
tive movement for the week ending July 5 and since Aug. 1
The
movement of
statements below,
for each
of the last three years:
....
....
....
...
.
..
....
....
....
....
....
Corn meal—
6 00
5 25
Corn—
Wheat-
d
6 17
6 35
5 00
Patents, winter.... $4 75 ft
City shipping extras.4 90 ft
Southern bakers' and
family brands
4 75ft
SoutlTn ship’g extras 4 003
Rye flour, superfine..4 00ft
2 60
2 75
3 10
4 50
5 50
3 50
GRAIN.
Open High Low. Clos.
d.
5 00ft
spring
Patents,
July S.
Tues.,
Sat., July 5.
bbl. $2 15ft
2 50 ft
8uperfine..
2 60®
"Spring wheat extras. 3 25ft
Minn, clear and stra’t 3 75ft
Winter aliipp’gextras. 3 00 ft
Winter
clear
and
straight.
3 50ft
unless
otherwise stated.
and 6 03 means
quotations:
FLOUR.
Dull
and un¬
changed.
but
August, 33@33%c.
The following are closing
5,000
changed.
Quiet
£
500
Dull at
2-64 de¬
cline.
and un¬
Very qui’t
G°lfl
7,000
8,000
1,000
of special interest.
active. No.
33:^@34c. for
for September and 33sgC. for October.
Rye has been quiet and without features
closed more steady, though only moderately
2 mixed sold to-day at 36@36b£c* for July,
Oats
6^18
6M
638
7,000
500
Quiet
?
buyers' Very dull.
6k
6^8
then.
Dull
and
inactive.
favor.
65ie
6710
5,000
-*yg 5*^
5,000
Bales
In
and
lower.
favor.
65i0
67i6
Mid Upl’di*
Mid. Orl’ns
Dull
Friday.
Thursday.
Wednes.
Tuesday.
Saturday Monday.
Spot.
61^c. for October. These
for August and 1 to l^c.
are firmer than
August, 60%c. for September and
prices are 4£c. lower than a week ago
lower for later deliveries ; earlier deliveries
the daily closing prices
day of the week ending July 11, and
of spot cotton, have been as follows:
for
60c. for July, 60}£c,
61%c. delivered,
mixed closed at
and futures each
market for spots
of the Liverpool
The tone
[VOL. XXXIX
CHRONICLE,
THE
Wheat.
Flour.
Receipts at—
Rye.
Barley.
Oats.
Com.
Bush. 32 lbs Bush.lSlbs Bush.56 lbs
Bbls.imbs Bush.QO lbs Bush.Wlbs
39,273
0,911
527.822
754.390
71,424
38,837
Chicago......
1,640
8,480
48,025
3,840
250,405
33,823
Milwaukee..
2,135
50,211
77,159
1 300
16,608
6,504
17,081
2,006
30
18,000
19,175
18.355
3,153
Cleveland. ..
340
3,010
137,950
204,705
86,480
11,363
St. Louis
10,000
2,400
152,870
95,120
10,370
1,017
-
Wed new.,
July i).
Open High Low. Clos.
1
Thura.y July 10.
fcri., July 11.
Open High Loto. Clos.
Open High Low. Clos.
d.
d.
d.
0 15
0 15
0 U
d.
d.
0 11
0 11
0 11
0 11
0 11
6 11
6 11
0 11
6 11
0 13
0 13
0 13
0 13
0 13
d.
d.
d.
0 12
July
July-Aug... 6 12
Aug.-Sept.. 6 14
September.. 0 10
8ept.-0ct... 6 12
0 12
Oil
o
0 12
0 11
0 11
0 13
0 16
0 15
0 15
0 15
0 10
0 15
0
0 12
0 10
0 .0
0 11
6 12
6 11
6 12
6 00
0 00
5 03
5 03
0 00
0 00
0 00
6 00
Nov.-Dec... 5 60
5 00
5 59
5 59
5 60
5 00
5 00
5 00
5 60
5 60
5 60
5 00
501
5 01
5 61
0 00
d.
Oct.-Nov...
11:
Dec.-Jan....
5(0
5 60
5 59
5 59
Jan.-Feb
5 61
5 01
5 00
5 00
...
Feb.-March.
March-Apr.
April-Muy..
•
.
...
....
•
....
....
.
....
....
...
....
....
•
....
•
.
....
•
•
•
5 01
•
...
d.
d.
d.
6 15
......
....
Peoria
0 15
0 15
0 13
0 15
;
6 17
61?
0 17
0 17
10;
0 19
0 19
0 19
6 19
!
6 15
0 J0
0 15
6 16
Same wk.
1
0 04
0 05
0 04
6 05
Same wk.
j
0 CO
6 00
5 03
5 03
5 03
5 03
5 03
5 03
♦
....
...
....
....
....
....
....
....
....
....
•
•
•
6 00
0 00
0 00
•
....
...
•
•
*
•
....
....
....
•
•
....
....
....
•
•
Tot. wk. ,»84
’83
’82
SlnceAug.l—
1883
1882
1881....
Thursday, P. M.,
quiet as a rule and generally depressed,
though yesterday there was a good business and prices showed
more steadiness.
The supply of grades quoted below $4 is
only moderate, but that of the better descriptions is large.
Flour
has been
prices.
To-day there was a light business at barely steady
Later in the day, however, the demand suddenly increased,
the tone becoming steadier.
The total transactions to-day
involved nearly 25,000
barrels.
147.218
104,774
848,530
8,923.741
7,383.518
72.991.215
99,958.470
41,000.750j 103.389 577
51,259
09,945
400,339
23,850
7,852
02.607,721
50.010.813
35,051,724
10.989.971
15.490.070
12,038.453
0,793,310
4,850,998
3,793.40
and grain from the same
1884, inclusive, for four
1882-83.
1881-82.
1880-81.
5,259,782
4,644,755
3,714,622
4,590,4S 6
23.022.2U
13,913,687
.39.446.727
15,611.68 5
2.095.493
1,370.081
26,601,057
3,146,705
15,333.797
54,219,112
23.194,720
4,568,369
2,018,210
131,842,542
99,382,208
71.537,673
99,838,068
47,085.115
25.902,134
2.708.374
Barley
Rye
....
25,700
1883-84.
bush.
Total grain
20.821
1,005,315
539,518
07,521,932 103,90S,597
bbls.
Wheat
Corn
Cats
902,270
725.000
1.134.005
8.569,049
show as follows:
Flour
July 11, 1884
06,890
0C4.167
445.595
The comparative shipments of flour
ports from Dec. 24, 1883, to July 5,
years,
BREADSTUFFS.
25,500
122.000
52.167.357
17.S93.195
2.019,270
1,067,189
the several seaboard ports for the week
ending July 5, 18 34, are shown in the annexed statement:
The exports from
Exports
from —
Peas.
Flour.
Wheat.
Corn.
Oats.
Rye.
Bbls.
Bush.
Bush.
Bush.
Bush.
Busk.
341
60,036
42,554
3 42.219
showed great depression, owing to the Nt wYork
35,443 335,284
40
70,668
32,573
24,614
Boston.
favorable crop prospects, fine harvesting weather and weak Portland.
10,143
21,180
224,757
54,820
38,829
markets both in Europe and at the West; but latterly there Montreal.
70,6*;.*
Philadel.
24,000
61,821
has been some recovery, owing to a better demand from the Baltim’re
237,530
636
shorts here and at Chicago.
Spring wheat has been scarce N.Orl’ns
10,434
84,036
63,774
and in good demand for export.
The lower prices for red Total w’k. 99,522 730,837 699,465
I
S’me time
8.639
85,752
1.718
wheat some days ago also called out an increased export de¬
936,181
837.709
102.150
1833.
mand.
No. 2 spring wheat has sold at 9Ie. to 92c. To-day
We add the
The destination of these exports is as below.
juices were J.,c. to ll&c. higher, notwithstanding that the re¬ corresponding period of last year for comparison:
port of the Agricultural Bureau as to the condition of the crop
Corn.
Wheat.
Flour.
No. 2 red sold at 9S^c. delivered,
9?!A\
was favorable.
1883.
Exports
1984.
1883. j
for August,
188 C
o'c. for September and 98-',s'(u'9S)V£c. for for
1883.
1884.
Week.
week
Week,
W(ek, |
Week.
Week,
Week.
to—
J uly
October. Some ungraded spring on the spot sold at as low as
7.
July
5,
7.
July
j
Jill;/ 5. July 7. July 5.
60c.
No. 2 red closed at 97J-£c. afloat, OT-’^c. for August, f)Sc.
Bush.
1 -Bush.
Bush.
Bush.
Bbls.
Bbls
630,711
for September and tn):,ac. for October, showing a decline of lc.
501.027. 5.-9,260
646.344
60.460
74.890
CJn.King.
314.3 »5
Wheat at one time
..
.
..
■
for the week.
active on speculation,
and the export trade has not been large.
This cereal has con¬
tinued to follow the fluctuations in wheat, declining early in
the week, owing to the promising crop prospects, but re-acting
latterly, owing to the covering by the shorts here and at the
.West. To-day the market was quiet at an advance of }-£e. to
lc.
No. 2 mixed on the spot sold at GILA, delivered. No. 2
Indian
corn
lias been only moderately
584
3.035
1 976
84 543
Contlu’nt
3.A C. Am
\V. Indies
Brit. Col 5-.
Oth.c’ut’5
S.87d
9,4 '9
9,949
........
25,149
......
738
1.5 5? 6
Total...
99,522
102,150
4,952
By adding
356.682.
........
.
1
]
32,003
58.885
.12,177
6,44 2
j
730,887
837,709!
this week’s movement to our
have the following statement
this season and last season:
6
25,313
8,092
.......
748
790
9.465
986,181
previous totals we
September 1,
of exports since
July 12,
THE CHRONICLE.
1884.J
Exports since
Sept. 1, to—
Aow prices at public sale,, but fine skirts and
Corn.
Wheat.
Flour.
57
IS83-84.
1882-83.
1883-84
1SS2-S3.
18S3-34.
1832-83.
Sept. 1 to
July 5.
Sept. 1 to
July 7.
Sept. 1 to
July 5.
Sept. 1 to
Sept. 1 to
July 5.
Sept. 1 to
July 7.
table oil-cloths
disposed of to good advantage.
were
Domestic Cotton Goods—The
exports of domestics for the
aggregated
4,926
packages,
including 2,431$ to China,
Bush.
Bush.
Bush.
Bbh.
Bu*h.
Bbls.
4
095
24
44
1,059
to
Great
5.377.897 23,181,555 34,466.507
31.345,340
Britain, 230 to U. S. of Colombia, 209 to Argen¬
Un. Kingdom
4.330.561
Continent...
304.04 4
400.709 15,400.203 20,'2S»050
7,510,389
6,723.537 tine
Republic, 212 to Peru, 200 to Hong Kong, 103 to Vene¬
8. & C. Am...
581.787
120.500
417.377
579.009
1,570,450
1,223
zuela, &c. The tone of the cotton goods market has become
385 045
7 >,064
West Indies.
772,737
359.034
719.599
88,383
less
Brit. Col’nies
138.504
507.833
8010
10,113
89.982
5-44,3 !5
firm, and a decline of from 2% to 5 per cent has taken
Oth. countr’s
36.890
20,082
141,356
227,406
122,350
33,331
place on several prominent makes of brown and bleached
Total
6.480.720
7.722 058 33.710.121 01.186.900 84 178.039 39.070.620
goods, wide sheetings, &c. This has led to more liberal transact¬
The visible supply of grain, comprising the stocks in granary ions, but not the least speculative tendency has been de¬
at the principal points of accumulation at lake and seaboard veloped, notwithstanding the exceptionally low prices now
ports, and in transit by rail and water, July 5, 1881, was as ruling for most kinds of plain and colored cottons. Print
follows:
cloths were more active and a shade higher,closing at 3 5-16c. for
Barley,
Oats,
Wheat,
Com,
Rye,
In store at—
bush.
bush.
bush.
bush.
bush.
64x64s. and 2%@2%c, for 56x60s. Dark prints were in better de¬
Now York........ 1,372.693
609,484 1,114,45 0
22,440
mand, and indigo blues and shirtings continued to move stead¬
Do afloat (est.).
201.000
554,000
415,000
9.500
10,500
Albany
1,500
29,000
ily,
but light fancy prints were quiet, and there was a lessened
Bnflalo...
991
4.300
764.692
500
113,331
60.432
33,931
Chioago
inquiry for printed lawns. Dark dress ginghams were more
4.24S786 2,077,042
701,789
Milwaukee
1.102,185
18,615
25,173
2,605
sought for, and some fair orders were placed by out-of-town
Duluth
1,099,691
Toledo
233.564
2,000 jobbers.
441,671
15,777
Detroit
267
113.211
1,656
35,161
31.859
Domestic Woolen Goods.—Aside from men’s-wear woolens,
116.700
2.000
67,000
8,200
Oiwego
St. Louis
7,672
91,732
6,979 which continued
236,9 >0
673,381
very quiet, there was a slightly improved
Cincinnati
48.490
502
9,808
40,294
35,107
business in this department. Flannels and white bed blankets
Boston
102
25.811
411,174
260,964
330
Toronto
3.041
142.254
8.415
3,200
met with a fair share of attention, and repellents were more
751
Montreal
52,466
205,969
56,156
2,632
168.378
94,493
174,529
active in some quarters.
Philadelphia
Cloaking3, tricots and Jersey cloths
Peoria
5.737
30.394
73,755
31,366
in
were
moderate
1.600
4.150
request, and thei^e was more inquiry for
6,100
51,200
Indianapolis
Kansas "City
114,989
3.508
3,614 ladies’ soft wool
135,637
suitings
and sackings. Kentucky jeans were
26 928
Baltimore
254.257
602,736
11,657
Down Mississippi.
30,785
31,687 pretty freely sold by leading jobbers, but the demand at first
177,740
15 761
On rail............
357.515
896.56L
555.770
Satinets were mostly quiet,
On lake....
93,000 hands was comparatively light.
529,233
142,655
622,764
On canal
159,233 but fairly steady in price.
1,123,370
271,180 163,240
There was a fair movement in
cassimeres and worsted suitings on account of old orders, but
94.460
Tot. July 5/84. 13.405.141 7,254,372 3,718,583
515,186
current
transactions were few and unimportant.
275.554
Tot. June? 8. ’84.
455,557
Worsted
14.222,258 7,750,430 3,921,494
Tot. July 7/83.
13,59^,493 12.336,529 3,703.137. 313,299 1,712,609
dress
goods,
such
cassimeres,
as
beiges,
&c.,
were
in
moder¬
Tot. July 8/32.
72,943
677,810
9,624,412 6,338,630 1,675.623
Tot. July 9/81. 15,619.976 15,528,5817,465,147
171,611 128,600 ately good demand for the coming season, and a fair business
Agricultural Bureau Report.—The Agricultural Depart, in carpets was done through the medium of salesmen on the
ment at Washington has this week issued the following re¬ road.
Foreign Dryt Goods xvere in irregular demand, and, upon
port of the condition of the cereal crops of the country on
the whole, quiet, but British dress goods were pretty freely dis¬
July 1:
Tlie area in corn has increased about 2 per cent. The total area “will
tributed by importers, and a somewhat better demand for fine
be between 69,0* 0,000 nntl 70,000,000 acres. A few States report a
black silks, silk velvets, velveteens, &c., was reported in some
decrease—Mai' e, Massachusetts, New York, Louisiana and Minin sota.
There is a good degree of uniformity in the increase of the southern and
quarters. In woolen goods, linens and white goods there
central districts, if is 5 percent in Iowa. 20 in Nebraska and 30 in
was no movement of importance; and hosiery, gloves, laces
Dakota. There is also an increase on the Pacific coast.
It is ev dent that, care has • een taken in the selection of seed, as
and embroideries ruled quiet.
there is little complaint of failure from planting immature corn. The
July
7.
week
-
.......
j
......
....
area, with last year is as follows in the principal States:
Pennsylvania 100, Ohio 102, Michigan 102, Kentucky
100, Tennessee 101, Indiana 102, Illinois ItO, Iowa 105, Missouri 10J,
comparison of
Kansas 101.
The season has been favorable for planting and growth, except that
large districts have bad too much ram and growth has.been slow from
low temperature. Tlie crop is now generally healthy.in color and grow¬
ing rapidly. The average of condition is 96, and lias been exceeded hut
twice in July in ten years—in 1879 and 1880. rt was 90 in 1881, 84 in
1882 and 88 in lS^o. The principal States’ averages are: New York 96,
,
Importations of Dry Goods.
The
importations of dry goods at this port for the week
ending July 10, 1884, and since January 1, and the same facts
for the corresponding periods of 1883, are as follows:
:
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The condition of barley
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DRY
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TRADE.
Thursday, P. M., July 11,1884.
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The
dry goods market has shown rather more animation the
past'week, although the demand was spasmodic and irregular.
There was a freer movement in some descriptions of staple
cotton goods, on which price concessions were made by manu¬
facturers' agents, and certain fall fabrics, as dark prints,
ginghams, dress goods, flannels, etc. . were more freely taken
by buyers for some of the most remote distributing points*
There was, however, no real snap to the demand, hut, on the
contrary, buyers were exceedingly cautious in their operations.
The general jobbing trade continued quiet, but a fair package
business in domestics, prints, blankets, jeans, etc., was do ie
by a few of the leading jobbers. It was an active week in the
auction rooms, and large quantities of blankets, skirts, uphols¬
tery plushes and table oil-cloths were disposed of through their
medium. Colored blankets and low grade skirts brought very
.
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injury result in the stock, the outcome would exceed 350,600,00.0
is good, averaging 98, against 97 last July.
Gats average h8; !a>t year at tnis date 99.
The average, for iye is 97.
The excessive production and low price of potatoes in 1383 has caused
reduction of 3 per cent in ar. a; condition is good.,
A large increase, amounting to nearly 10 per cent, has been made in
P
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Pennsylvania. 99, Midiisran 99, Ohio O f, Kentucky 90, Tennessee 95,
Indiana 97, Illinois 99, Iowa lo2, Missouri 98. Kansas 94. Nebraska 99.
Tlie prospect is most favorable in Iowa, which promises the best yield
since ls79, and the largest crop ever grown in the Htate.
The condition of spring wheat is up to the normal standard, 100, the
same as in duly oi' last
year. Wisconsin and Minnesota stand at 101
and Dakota at*l02.
Winter wheat is harvested in tlie South, and will soon be cut in its
northern belt.
It sustains the promise of previous repotts; the average
of condition is 94, one point higher than in June and the same as in
the May report.
The winter wheat covers an area of about twenty-seven million
acres, and unless the threshing record's should prove disappointing, or
H
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58
THE CHRONICLE.
financial (Companies.
BO\BS
OF
SURETYSHIP.
The American
No.
Cash
160
Surety Co
This Company will also act
quired
in
the
Courts,
surety on Bonds re¬
Bonds of Administrators,
as
Guardians, Sheriff and undertakings.
It Is the tlrst
and only Company organized in the
United States devoted exclusively to the business of
suretyship.
OFFICERS:
RICHARD A. ELMER, President,
LYMAN W.
FIDELITV
BRIGGS, Vice-President.
CASUALTY
CO.,
Nos. 214 & 216 BROADWAY, NEW YORK.
Officials of Banks, Railroads and Express
Compa¬
nies Managers, Seeretaries, and Clerks of Public Com¬
panies. Institutions and Commercial firms, can obtain
BONDS OF SURETYSHIP
from this Company at moderate charges.
The bonds of this Company are accepted
of the State of New York.
by courts
CASUALTY DEPARTMENT.
Policies issued against accidents causing death or
totally disabling injuries.
Full information as to details, rates,
&c., can be
obtained at head office, or of Company’s Agents.
Wm. M. Richards, Prest.
John M. Crane, Hec’y.
Rou’t.J. Hildas, a ss’t Secretary.
DIRECTORS:
Geo. T. Hope,
David Dows,
G. G. Williams.
A. S. Barnes.
J.S.T.Stranahan, H. A. Hurlbut,
A. B. Hull,
J. I). Vermilye,
Geo. S. Coe,
Wm. M.
Bonds of
NO
W. G. Low,
Charles Dennis,
Alex. Mitchell,
S. B. Chittenden.
Richards.
Brinckerhoff, Turner
OF
Suretyship.
OTHER
BUSINESS.
NORTH
Cash Capital
Cash Assets
I)e; onlt with Insurance
AMERICA.
-
40<>,000
Department
214,000
Vice-President:
IION. J AS. PERKIER.
SIR ALEX. T. GALT.
Managing Director: Edward Rawlings.
NEW YORK OFFICE:
NO. 178 BROADWAY.
D. J.
TOMPKINS, Secretary.
New York Directors—Joseph W.
Drexel, a. L.
Hopkins, H. Victor Newcomb, John I’uton, Daniel
Torrance, Edw. F. Winslow, Krastus Wiinan.
Sherman S. Jkw tt, Pres. Risiaii
Jkwett, V.Pres
William C. < ohm well, Cashier.
Bank of
Buffalo,
CAPITAL,
BUFFALO, N. Y.
This bank has superior facilities for
making collec¬
tions on all accessible points in the United
States,
Canada and Europe.
Liberals terms extended to
accounts of bankers and merchants.
Coiirkspon< ENTS —New York, National Shoe &
Leather Bank; Union Bank of London.
£*afe deposit (Companies.
The
First
OFFERS
Deposit Co.
NEW
YORK,
Established
in
the
L’NF.qUAIiLEl)
110, 142 «V
146
FRANCIS
World.
SECURITY.
Broadway.
11.
JUNKS, President.
MANHATTAN
Safe Deposit&
346 A:
3 18
Storage Co
BROADWAY,
Corner of Leonard Street,
NEW YORK.
Sufes to rent from $10 to $200
per year.
AND CAN BE RENTED FOR A
DAY
WEEK
OK
MON I II.
At
BONDS
Auction.
The Undersigned hold REGULAR
AUCTION
SALES of ail classes of
STOCKS
AND
BONDS
A^UIAIV
No
7
$2,000,000
3,518,036
SATURDAYS.
STREET, NEW
&
SOS,
YORK
And all kinds of
COTTON
CANVAS,
FELTING
DUCK,
CAR
COVERING, BAGGING, RAVENS DUCK,SAIL
TWINES, &C., “ONTARIO” SEAMLESS
BAGS, “AWNING STRIPES.
S. B. Chittenden,
John H.Khoaaep
Anson P. Stokes.
Robt. B. Minturn
Geo. H. Warren.
George Bliss,
William Libbey
John C. Brown,
Edward Cooper.
George T. A dee, Isaac N.
Phelps,
Samuel Sloan,
lErastus Corning,
HENRY L. THORN ELL,
Secretary.
LOUIS G. HAMPTON. Assistant Secretary
The Union Trust
011 AND
613 CHESTNUT
Co.,
New York, Boston,
AND
Perpetual.
Executor, Administrator, Assignee, Re¬
Guardian, Attorney, Agent, Trustee and Com¬
or
in
connection with
SHEETINGS,
Drills, Sheetings, <£c., for Export Traile.
as
mittee, alone
Philadelphia,
SELLING AGENTS FOR LEADING BRANDS
BROWN 4: BLEACHED SHIRTINGS
Towels, Quill*, White Good* A Hosiery
$1,000,000
500,000
—
Charter
supply, all Widths and Colors, always In stock
No. 109 Duane Street.
PRINTS, DENIMS, TICKS, DUCKS, Ac.
STREET,
Authorized Capital
Acts
ceiver,
STATES RENTING CO.
Bliss, Fabyan 8c Co.,
PHILADELPHIA.
Paid-up Capital
-
Also, Agents
UNITED
TRUSTEES:
Arnold, 'James Low.
rhomasSlocorab, W. W. Phelps,
Charles E. Bill,
ID. Willis James,
Wilson G. Hunt, John J. Astor,
Wm 11. Macv,
(John A. Stewart,
Clinton Gilbert, jS.M.Buckingham
Daniel D. Lord, IH. E. Lawrence,
and Dealers In
COTTON SAIL DUCK
A full
*
Dan. II.
Co.,
Manufacturers
This
Brown, W ood 8c Kingman
SELLING AGENTS
Individual
an
FOR
Geo. II. Gilbert
Mfg. Co.,
Freeman Mlg. Co.,
Takes charge of property; collects and remits in¬
terest and income promptly, and
oischarges faith¬
fully the duties of every trust known to the law.
All trust assets kept separate from those of
the
Company.
Arlington Mill*,
Co., Janie* Phillip*, Jr.
Flteliburg .Worsted Co.,
George W’liitncy,
Continental Mill*,
Burglar-Proof Safes and Boxes (having chrome
doors) to rent at $5 to $00 per annum, in their
new and elegant chrome steel.
Fire and Burglar-Proof
BOSTON, 31 Bedford Street.
k, ( oS
<fc b0 Worth Street, and
NEW YORK
^
( 35 & 37 Thomas Street.
steel
protected by improved time locks.
Wills kepLin Vaults without,
charge.
Bonds and -tot ks. Plate and all valuables
securely
kept, under guarantee, at moderate charges.
Car trusts and other approved securities for
sale.
Money received on deposit at interest.
J AS. LONG, Pres’u HI ESTER
CLYMER, V.-Pres’L
M \HLoN S. STOKE-', Treasurer &
Secretary.
D. 1L PATTERSON. Trust Officer.
Directors.—James Long, Alfred S. Gillett, Allison
White, Chas.T. Turner, M.D., William S Price, John
T. Monroe, Jos. 1. Keefe, Thus. R.
Patton, W. J.
Nead, Jus. S. Martin, D. Hayes Agnew,
M. D„
II. H. Houston, John G.
Reading, Theodor C.
Engel. Jacob Naylor ,Samuel Riddle, Robert Pat¬
terson,
Philadelphia; George W. lteily, M. D„
Hakrishuhg; J.'Simpson Africa, Huntingdon;
Reading; Edmund
Hiester Clymer, Henry S. Eckert,
S. Dot.v, MiEELiNTi/WN ; R. E.
Moiaghan, West
Chester; W. \\. li. Davis. DoylestuWN: Clws.
Cooper, ALLENTOWN.
Lincoln Mill*.
Joy, Lincoln 8c Motley,
SUCCESSORS TO
E. R.
MCDGE, SAWYER A CO.,
43 & 45 White Street,
NEW YORK. '
15 Chauncey Street,
BOSTON.
AGENTS FOR
O
can
Mill*
Co., Atlantic Cotton Mills,
Peabody Mills,
Chicopee Mfg. Co.,
W'liite Mfg. Co,,
Saratoga Victory Mfg. Co.,
Hosiery and Yarn Mill*.
llertou New Mill*.
L.
Everingham 8c Co.,
(Established 1805.)
COMMISSION
Provident Life&Trust Co
OF
Renfrew Mlg.
W.
THE
CHICAGO.
1*1111. A 0131.1*111 A.
CAPITAL
MERCHANTS,
125 La Salle Street,
(ADJOINING CHAMBER OF COMMERCE),
THE PURCHASE AND SALE OF
Incorporated Third Mo., 22d, 1805.
t(:n a R'J ER PERPET UAL.)
GRAIN
....$1,000,000
$14,533,444 S3.
INSURE
LIVES, GRANT ANNUITIES, RE¬
CEIVE MONEY ON
DEPOSIT, returnable on de¬
mand, or on which interest is allowed, and are empow¬
ered
COMMITTEES, RECEIVERS, AGENTS, etc., for
the faithful performance of which their
capital and
surplus fund furnish ample security.
All trust funds and investments are
kept separate
and apart from the assets of the
company.
The income of parties
residing abroad carefully
collected and dulv remitted.
SAM’L it. SHIPLEY, President.
T. WIST Alt
BROWN, Vice-President,.
ASA S. W| NG,
Vice-President and
AND
PROVISIONS,
the
Chicago Board of Trade, for cash or future
delivery, a specialty.
Special information, indicating course of markets,
freely furnished upon request.
on
bylaw to act as EXECUTORS, ADMINISTRA¬
TORS, TRUSTEES, GUARDIANS,
ASSIGNEES,
OFFICE
CARPETS.
HOUSEKEEPERS
AND OCCUPANTS #F OF¬
notice.
Before buying
your carnets,
Linoleum, Oilcloths, or Mattings, call at bENDALL’S
Mistit Carpet Store. 114 Fulton St., basement floor.
Cheapest, ola.ee in New York.
FICES
take
Actuary.
The
Brooklyn Trust Co.
Cor. of Montague & Clinton stg.,
Brooklyn, N.
steamships.
V.
This
Company is authorized by special Charter
act as receiver, trustee,
guardian, executor or ad
(Uinlstrator.
It can act as vtgent in the sale or
management, of
real estate, collect interests or
dividends, receive
registry and transfer books, or make purchase and
-»ale of Government and other securities.
Religious and charitable
institutions, and persons
unaccustomed to the transaction
of business, will
find this Company a safe and
convenient depository
for money.
RIPLEY ROPES. President.
EDMUND W. COIiLIES,
Vice-Pres’t.
JosiahO. Low.
E. F. Knowlton,
II. E. Pierrepont,
Alex. M. White. John T.
Martin, Henry K. Sheldon,
A. A. Low,
Wm. C. Kingsley. C. 1).
Wood,
A’ex. McCue.
Fred. Cromwell.
Wm. II. Male,
M icli’l Chaurieev,
.nn P.
Rolfe,
Henry
Sanger,
Wm. B. Kendall. E. W. Corlics,
Ripley Ropes.
jaw. R. ghhKAiv,
Secretaiy
Metropolitan Trust Co.,
Mills
Building, 35 Wall 8t., New York.
PAID I P
Designated as
CAPITAL,
$1,000,000.
legal
a
Depository by
order of Su¬
Court. Receive deposits of money
on interest,
fiscal or transfer agent, or trustee
for corpora
t:ons and accept and execute any legal
trusts from
p tsois or corporations on as favorable
terms is
Ol,ier similar tv mi panies.
THOMAS HILLHOUSE,
President.
FREDERIC D. T APPEN. Vice-President
WALTER J. BRITT IN.
<et as
II. MULLER
PINE
AND
-
company is a legal depository for moneys paid
into court, and is authorized to act as
guardian or
receiver of estates.
INTEREST ALLOWED ON DEPOSITS,
which may be made at any time, and withdrawn
after
five days’ notice, and will be entitled to interest
for
the whole t line they may remain with the
company.
Executors, administrators, or trustees of estates
and females unaccustomed to the transaction of
busi¬
ness, as well as religious and benevolent
institutions,
will find this company a convenient
depository for
money.
JOHN A. STEWART, President.
WILLIAM II. MACY, Vice-President
JAMES S. CLARK. Second Vice-Pres’t
preme
ON
WEDNESDAYS
8c
STREET.
--
TRUSTEES:
Ruction J'alcs.
STOCKS and
--
-------
ASSETS
OF
TORE,
WAIL
--
$300,000
The Safe
NEW
Vault*,
$300,'(>0
President:
49
No.
appointee.
The Guarantee Co.
OF
United States Trust Co.
$500,000 Surplus,
surety for Officers and Employees of
Banks, Railways. Express and Telegraph Companies,
Corporator s and Business Houses, and will guaran¬
tee the tidelit y of persons holding positions
of trust.
XXXIX,
Commercial Cartls.
Capital,
as
< OL.
gtwst (Companies.
Broadway, New York.
Capital,
Will act
f
Secretary.
4a
OY L Y
Direct Line
to
France.
GENERAL TRANSATLANTIC CO.
Between
NEW
YORK
and
HAVRE,
From Pier (new) 42 North River foot of Morton St.
Travelers by this line avoid both transit by English
Railway and the discomforts of crossing the Channel
In a smalt boat.
CAN ADA, Korsabieo....
...Wed., July 10. 11 A. M.
AMERICJL’E, Santelli
Wed.. July 23. 0 A. M.
ST. LAI RENT, i )e JousseJin Wed.. July
0, 11 A. M.
Price of Passage—uncluding wine): To HavreFirst cabin, $100 and $80; second cabin, $00; steer¬
age. $20—including wine, bedding and titenslls.
Re¬
turn tickets at very reduced rates. Checks on
Banque
Transatlantique, Havre and Paris, in amounts to suit.
—
Special Train from
The
at its
Havre to Pari*.
Compagnie Generate Transatlantique delivers
office in New York special train tickets from
Havre to Paris. Baggage checked through to Paris
without examination at Havre, provided
passengers
have the same delivered at the Company’s Dock in
New York, Pier 42 North River, foot of Morton St.
at least, two hours before the departure of a steamer
LOUIS DE
BKBIAN, Agent,
No. 6
Bowling Green.
@FedFRASER