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.
1 1
^financial;
xmult
HUNT'S MEUCIIANTS' MAGAZINE,
REPRESENTING
VOL.
INDUSTRIAL AND COMMERCIAL INTERESTS OP THB UNITED STATEa
TIIE
SATURDAY, JULY
41.
THE CHRONICLE.
New
59 Features of Central Paolflc
«0
Report
62 Monetary and Commeroial
EDj:Iaii(l
from the
|
Railroad Dlvl-
demls
G3
EnKllafi News
Coniiuercial and Mlgoellaneoua
News
we have $304,324,958 and
an excess of 23'9 per cent.
totals at that city
6.5
233,275 respectively, or
Week BnMno Julv
08
puUMed
is
in
Neu) York emry Saturday morning.
Entered at tbe Post Ofllce, New York, N.Y., as second class mail matter.
J
Terms of Subscription— Payable in Advance:
For One Year (including postage)
ForSIx Mouths
do
Annual subscription In London (liioludinK postage)
SisMos.
do
do
do
10
JJ2 78.
£18».
CllKOMCr.K.
Sabscriptlons will be oontinncd until definitely ordered to be stopped.
The puMisliiTs lanuiit be le.ipousilile for remittancos unless made Ijy
Drafts or Tost Otbce Mone.v Orders.
A neat flU: cover is furnished at 50 cents; postage on the same is 18
cents. Volumes bound for subscribers at $1 00.
OfBceii In England.
The ofllce of the Com.merci.h. asu Fi.nancial CiiROyiCLE in I.K)ndon
Is with Messrs. Edwards & Smith, 1 Drapers' Gardens, E.C., where subBoriptions and advertisements will be taken at the regular rates, and
single copies of the ii.ipcr (supplied at Is. eacfi.
Tuc olllce uf the CiiKOXici.K in Liverpool is at B 15, Exchange Bidlding.-i
WILLIAM
JOHN
B,.
DANA.?
FLOYD
uOYD,
O.
4
70
B.
DANA
Co., PublUIierM,
Street,
YOBK.
dc
NEW
81 William
Post Oi'i'ici; Box 958.
Jt
(807,132,
(1,355,030)
(-40-4)
(1,251,762)
lCoUm....l)ala.)
(133,200)
(203,000)
iOrain,,.bushel3)
lPetT0Umn.J>bls.^
(25,378,000)
(84,161,000)
(-25-7)
(23,874,000)
(-10-8
(110,341,000)
(78,250,000)
(+44-7)
(92,092,000)
(+76-0)
175,648,434
»81,02.'5,571
Providence.-
4,300,900
3,933,700
2,337,820
1,390,111
2,009,947
Kew llaven
Portlaad
1,101,932
$67,TO5,242
8,806,100
1,878,760
984,771
768,320
702,736
597,459
3»4,840
-1-6
-14-5
-19-3
-20-9
—12-5
-10-8
SprlQKfleld
Lowell
ToUl
N. England
Philadelphia
Pittsburg
Baltimore
July
1S89.
All cities
New York
Others
.
1884.
18(W.
1882.
1891.
*
*
*
t
1.1IS.23S.7BS
4as.»78,MS
47rt,8<«»,lJ75
0iV).HO3,40a
800,274,1
M
814.810,1)01
023,3*4
281).863,4(H)
27!5,78.4,0;7
274,857,350
28M-J1.HU7
•iVi
032.0118,479
1.0*4,182.118
From
the above it will be seen that in comparison with 1883
there is a decline in the whole country of 18'4 per cent, but
outside of New York it is only 1'4 per cent. In fact, outside
of
New York
the comparison given above
indeed, whether
made with
last
y^acor
is
very favorable
aiu-.B.reviovisyear,
,__
506,338
186.959,941
$71,370,088
+21-8
$76,958,207
+3-4
(49,973,972
7,500,736
12.850.991
140,332,347
7,203,927
11,832.852
+7-2
+4-1
+13-5
$46,783,108
6,702.545
11,767,335
-9-3
848,731
-30
+9-1
+3-6
+80
$65,19-2,988
-5-8
$47,488,446
7,827,650
4,283,947
1.014,808
+7-0
-4-2
+20-2
+12-1
-28-7
2,107,404
l,820,3-,3
-130
1,364,500
713,474
+2-8
+2-3
1,250,800
-10-7
-22-2
»09,71 7,752
$62,301,135
+U-7
$69,980,631
+4-6
H8,360,589
+10 6
$13,223,975
991,485
+12-3
4,298,300
4,735,812
4,377,370
792,276
$15,344,073
686,606
0,100,788
3,615,168
4,0r3,474
591.419
+7-5
+84-0
4,184,867
833,175
-11-S
+7-7
+69-5
+25-9
t34,621,030:
$30,421,425
+13-8
$27,907,114
+12-0
tl0,691,053i
$10,301,T26
+3-8
$11,755,388
+8-6
1781,001,342!
$710,2S2,875
+63
$733,500,003
-7-9
New York W2;022T38«i
$2d0,3fl3,400
+13-6
$2)8,701,328
+2-8
all
.
805,394
5,364,574
4,810.836
2,702,878
570,656
+304
-12-2
+330
1
— I'l
While the New York exchanges for the five days ending this
evening exhibit an infrease over the corresponding period last
week of nearly $80,000,000, the returns from the other cities
as received l)y tele>;raph show some decline; yet with the
exception of Philadelphia and Baltimore the totals are in
excess of those for 1881. Compared with a year ago, the
gain recorded in the whole country is 15-9 per cent, and outside of New York reaches 65 per cent.
tfve
Day Endint July
1885.
StMk
(«h».)
$179,017,221
(l,877,tmi
TtD^yeBnd^gJiily
17.
iP«r Cmt.
1884.
$;i97,182,46i)
0.007,680)
1
1885.
10.
Percent
+20-6
(+86-8
$380,140,878
-0-3
(807,(>»8'.
(-39-8)
+29-4
I
57,849,542
48,5.11,471
+ 18-2
6.1,660,880
Pbllndelphhk..
Ralttmore. ......
£8,>4&,413l
41,020,557
-5-6
-8-7
41,087,400
+62
+16-9
CbtCHKO
Louis
S4,8O',000
3-3,180,000,
+,s-i
10,844.301
10,37 1. 00(
12,844,470!
10,935,538'
15,770,838
+l»-6
-SO-6
$673,510,138
67.806,8»7
,
7in.932.97S
812,313
1,265,968
077,420
-r6-4
+13-2
+10-3
+0-8
+30-5
-13-7
+6-7
Boston
781.001. .'US
819,547
807,280
485,088
+24-0
+11-8
+19-3
+7-9
+12-8
+0-9
-4-7
-4-2
$42,048,388
8,061,200
3,508,777
2,171, r,3
1,429,150
San Francisco
Sales of
11.
(-25-8;
(-68-7)
$64,880,126
iDdlanapolla
Outside
(161,000)
7)
»70,034,690
Mllwankee
Total
(-54
$47,581,916
9,883,600
3,536,438
3,029,510
1,230,053
2,32i,280
1,403,104
730,262
Total Middle....
Chicago
New York
TTm';
-12-3
i8tocla....iluire».)
oj—
Total Western...
with but three exceptions, the present returns are in
«xcess of those both for the five days ended July 3 (a i>eriod
which in reality covered a full week's business) and the week
ended June 27. It will be observed by reference to the annexed
statement that the increase over a year ago now recorded is
6'3 per cent, and with New York excluded reaches 13'6 per
cent. How favorable this exhibit is and the larger volume of
business it represents is more clearly apparent when it is
remembered that a lower range of values generally governs
current transactions than a year ago, and that therefore if
these differences could be measured, the percentage in favor of
1885 would be found to be even greater than above indicated.
As a matter of interest we have prepared the following,
covering the week ending July 11 in Ave years.
Percent
$484,700,865
Again we have a very satisfactory exhibit of exchanges. St. LonlB
For the first time during the past nine months the clearings 8t. Joseph
New Orleans
for the week, in the country as a whole, show an increase over Lonlsville
the corresponding period in the preceding year. While this is SansasCIt^
due largely to the falling off in the six days of 1884, it is also Memphis
Total Southern..
in part owing to the heavier totals for the week this year,
since,
1886.
+2-5
PeorU
CLEARING HOUSE RETURNS.
Week BnMnt July*.
11.
Ptr Cent.
ISM.
$478,889,275
$10 20
Tlie.so prices include the INVESTORS' Suprr.EMENT, issvied once Id two
months, and furnished without extra charge to subscribers of the
TVII.I4I.VITI
-
t488,07S,958
Sales
The Commerc!ial and Financial Chronicle
$318,
60
1880.
[
1,047.
The market value of share transactions on the New York
Stock Exchange has been $17,377,000, against $79,318,000 for
the week of last year, and after deducting double these values
CONTENTS.
Clearing- House Retarns
The Flniinclal Sitiiatlon
Forel/in Investmouls
NO.
18, 1885.
.St.
New
Orleans...
ToUl
Balance, Countr;'
9,808,323)
3,808,473
8,801,9351
+irr)
+0-3
»035.424,!I31
$5 13,350.3 13|
+ 190
49,011,2841
+5-2
5S,Ill(,iW)j
$ftS7.543.421
$,-)<!0,000JH7(
+ 1,V9^
New York Tat^aiTTtf?
$10r>.sis.OiS;
~->«5"
Total
Ontjlde
8.772,201!
all
• itstinuiteii
on thebasuof the lut woeklr retarni.
4,049,044
I
"I
$683,81 e,0IW
t884.l'?5raa8r
+186
.
THE CHRONICLE.
60
the Bureau of
THE FINANCIAL SITUATION.
Statistics are of
interest,
showing, as they
very small movement in quantities and a smaller
movement ye^in values compared with the last two years;
do, a
Bankers' balances have this week loaned at 1 per cent,
as rare exceptions, notwithstanding the
with 1^ and
rvoL. xLi.
the statement, in our usual form,
is
as follows.
-J-
Exchange haa nearly EXPOKTS OF BREADSTDFFS AND PROVISIONS FOB JUNE AND TWELVE
M0STH3.
doubled that of previous weeks. Commercial paper is ia
1883-S4.
1882-83.
1884-85,
Sxport!
a little more plentiful supply, preference being given by
from U.S.
dry
for
quoted
Uontha.
12
Jime.
purchasers to short dates, and the rates
goods notes are 2|@3| per cent for 60 to 90 day en- Quantities.
volume of business
dorsed
bills
at
receivable,
the Stock
and
Z\@^
for
four
months'
Wheat.bush.
82,449,014
3,981,877
Flour... bbls.
10,347,628
712,421
The Comptroller of the city on Thursday Wheat.bush.
acceptances.
Corn. .bush.
borrowed $500,000 until the 1st of January at If per
Total bush.
cent. There is a little better demand for money at Chicago
Values.
of
and St. Louis, probably in anticipation of the movement
Wh't & flour
Corn &meal.
the new grain crop, winter wheat now being nearly har- Rye
change.
noticeable
Oats
& oat
vested.
At other points there is no
meal*
bills
bank
months
three
The last quotation for 60 day to
Barley
in London was f of 1 per cent, indicating that the Total breadstuffs, value
flurry in the stock market caused by the warlike news has
Provlslona
This may, howas yet made no impression upon money.
Total pro.
ever, be
the
due to the fact that the movement of bullion to
has ceased and that the Bank is again
Continent
Tisions and
breadstuffs ..
*
129,013,344
61,361,583
9,996,093 180,374,9<'
6.145.213 121,707,614
2,290,224; 28,423,742
68,241,759
8,708,152
3,598,068 106,335.828
60.r,703
9,205,684
7,186,872 107,428,443
6.319,231 147,811,816
3,186,794
10,6;3,6«6 152,227,504
12,028,889 186,398,141
t
t
7,841,993 121,228.774
1,610,337 174,703,800
2,213,780
3,717,798
28,736,880
271,669
1,067,898
1,431,198
12.565
402,340
18,214
233,843
299,137
2,000,275
438,764
4,315,75'
83,801
2,538.461
0,054
345,708
398,533
57,984
8,066,087 100,255.744
16.648,0'<-j
255,270.804
Oatmeal not stated prior to July
»
t
23,128.838
48,00J
8.582,805 155.014,860
40,586,825
5,709.658
44,789,061
10,951,034 155,507,007
0,872,743 105,893,10'
11.660,571 205,831,651*
20.323,777261,401,014
20,841.858
89,724,821
8,981,285
:
05,358,27
9
i, 18:i3.
Last year in June the trade balance in favor of the
accumulating gold.
Foreign exchange was reduced on Tuesday to $-t 84^ United States was a little over a million dollars. The
for long and $4 86 for short, in consequence of a above loss on provisions and bread stufiEs would therefore
supply of bankers' bills drawn against the purchase of considerably more than wipe out this balance of 1884, but
stocks for London account, but on the news of the fall in as imports are much less now than they were then, the
consols on "Wednesday caused by the Eussian aggressive full trade figures when made public will probably still
movements and the failure of the Munster Bank, the lead- show a net of between one and two millions in our favoring drawers advanced their rates half a cent per pound After another month cotton will again begin to be aa
important item of export, and with a large crop as nowsterling, anticipating more active money in London and a
demand
from the sale of American securities. Since then there has been an improvement in the inquiry and a stronger market, with a further
half cent advance yesterday, some bankers declining to
draw until the effect upon London of the political com
better
plications
for bills resulting
could be ascertained.
Preference
is
given to
anticipated the trade situation
tory during the
fall
is
likely to be very satisfac-
months, so that even
if
war becomes
a fact in Europe, our stock of gold will be added to rather
than lessened before another year.
Under such
circumstances, and with
gold our banks
of
now hold
so
the visible supply
large,
are
there
the
money hardens, they best of reasons for confidence, notwithstanding the
are more desirable than long sterling; should the London needs of the Government during the coming six months.
market remain stagnant, as it may in consequence of the On the latter point there is nothing alarming or even
paralysis of trade resulting from the political complications, new in the meeting of the bank presidents with Treaslong sterling will again be given the preference.
urer Jordan this week.
Long since we indicated howIn forecasting the efiect on money and exchange of any certain it was that the difficulties of the Treasury wouli
interruption of the peaceful relations between England increase with July when 9^ million interest payments
and Russia, it should not be forgotten that the situation had to be met. In fact we have time and again shown
short
bills for
the present, because,
differs materially
if
from that which existed three months that
it
was only the surplus income (over 9 millions in
when London was daily agitated by warlike news and June alone) that had saved the Government hitherto.
rumors. Then the preparations which the fear of war But we are very glad the whole situation has now been
made necessary, threatened to cause such a demand for plainly laid before the public. Secrecy was impossible
gold as to draw it from every quarter. In fact, all of even if it had been desirable, which it most obviously was
Europe, in view of hostilities, sought to strengthen their not; on the contrary there never was a case that so
gold reserves. Now, however, all such needed prepara- urgently called for open dealing as this the taking of
tions have been made, the stock of bullion in the Bank of the people into the confidence of the Government and trustEngland is large, while on the continent the condition in ing them wholly with the secret. "VVe urged open dealgeneral is much less strained, and therefore much ing when the pinch first became imminent, for only in
lees
likely
to be more
than temporarily unsettled that way could the danger which threatened and its
by the outbreak of war, though of course the first shock cause become generally and fully understood. To-day,
would be disturbing. So far as America is concerned, it thanks to the course at last adopted, every one knows that an
is also to be remembered that rates of exchange have very attempt to thrust an inferior currency upon the country
ago,
—
materially altered
ing point, while
there
—then they were
now
just at the gold exportthey are so far removed from it that
is little probability
of their being materially advanced.
has ended in the discomfiture of the Government.
And
the
here
it
should be remembered that
mere coinage
of
silver
dollars that
is
it
is
not
depleting
months ago we were entering upon the the Government's gold reserve, but their forced issue,
when our exports are smallest, while chiefly by putting a premium on silver certificates (for
now we are nearing the season when they are largest. So they could be got out in no other way) and thus obtaining
whatever may be the event of negotiations still in progresp, their wide circulation at a time when business was active
any interference with monetary arrangements here need and could employ them, the mischievousness of which we
not be anticipated. In this connectijn, the exports of showed when the system was first inaugurated.
Furtherbreadstufis and provisions for June issued yesterday by
more, it should be kept before the ^public, that the only;
Besides, three
period of the year
I
.
.
July
THE CHRONICLE.
18, 1886.J
61
A
further very encouraging feature is the crop newt
circumstance that inBures the Government now, is that our
New York banks, in obedience to the sentiment and being received daily. The Agricultural Department
wishes of the community lUey mainly serve, refused to report published last Saturday brings down the informabecome a party to the operation. Had they too taken the tion to July 1. As to winter wheat, the department indicertificates, the Government would be receiving not a single cates a loss of probably not to exceed Ml million bushels;
dollar of gold income to-day, and nobody could be found to while on every other crop a greater yield than a year ago is
stand between it and dishonor. Hence the Treasury obtains promised. To show the situation at the date mentioned
relief now, not from the friends of silver, for they are power- as to corn, the most important product of the West,
less to help, but from those who have all along opposed we have prepared the following table of condition and
the silver coinage policy because they knew
and who are willing
its tlanger,
acreage for six years.
own independent
to sacrifice their
ACREAGE AND CONDmOS OF CORX ON JULT
1.
position in an effort to avert that danger.
188S.
Finally, even the relief measure, as
yesterday,
is
definitely
the whole attempt at forcing a silver
them,
as
for
such
if
very disease
the
the Government
8.7!» »7
»,S50il0g
«,2«)el 98
T.880
MlMonrl....! 87!
Kanaiui.
3.021' 9i\
4,5fl5
3,90)
3.569
3,ni:i
80
Illinois.
Iowa
98i
I
...
Indiana
Nebraska.
Ohio
.
lion
.
Mlotalgan
83,
I
97
07
I
*^|
..
f
Teaneasee. !02
,
under now
suffering
is
paying
1860.
cur-
an attempt were
feasible, the proper relief would have been to issue
But th«
silver certificates and obtain gold for them.
department and the banks knew that course would
be of no avail, unless coupled with an agreement
the country;
to hoard
1881.
1888.
an illustration and aflirraation of the imprac-
ticability of
rency on
lae*.
settled
out
ten
millions additional
many
too
is
received
and
certifica'tes,
would
more,
millions
only
be
ten
the Treasury from our
into
merchants within a brief period. So in accordance with
our suggestion of May 23 (page 608), the Government
offered and the banks have agreed to take the subsidiary
silver which if once distributed among the people by means
of the interior banks, will
a considerable extent find
to
Kentucky
10.3
.
Pennaylv'a
New York.
.
U6
8S
»7i
9»
3.018| 031
tMM 00'
3.570 95
3,551 OUj
1,417 03I
3.KKi
8,847J
»2«
3,245'
.48.2691
All others.
.hts.sos'
08
02
87
83
73
99
3.258 91
751
r,«i4
6,777
3,703
4,281
8,181]
6,981 7S'
a,878, »3l
1
3.00S! 88
725, oej
ToUl
m
8.151
84
4.700 101
3,542 7e|
2.813 901
it.SIs! 84
911 861
3,213 loe'
3,2.'>8 102
1,402 82
781 86!
97
2,364 08
2,978| 83
930 87
.Til"
3.103
1,388
760
3,4.18,
'
9.O07 1O2
8.»I0
e,7ia'iM
6347
3.651
4,107
3,658
2.149
3,134
864
3.aso
3.635
3,423
1.930
3.108
889
2,780
3,057
1.374
803
101
ee
88
n
lOS
07
2,015' 98
3,042 105
09
1.374J
768 99
43.588
20,680
42.279
20,080
Total U. 8.. t'4'73.8e4 96' 69,683 88 68,302' 85 63.660 00 64,262
Per cent of
62318
.:45,S26!
.
a4,357
42,624
22,836
44,437,
,23.865
20
Inc. ncr'ge
ly Tlu-e« ciphers (,000) omitted from " Aoieage" figures.
These returns indicate an increase in acreage of 6 per
which if the plant does as well as in 1884 would
through the country districts, as any one will be convinced furnish a little more than 100 million bushels additional,
if he visits even the environs of New York.
We cannot or a crop of 1,900,000,000 bushels. Of course there are
but repeat that we are greatly gratified at the public man- months yet before com is harvested but the weather
ner in which all this has been done. There is nothing like since July began has been all that could be desired.
secrecy for disturbing the timid.
A good illustration is Cotton, too, is still doing splendidly. Should present
the fuss that has been made over the $860,000 stamped prospects continue to the end, 7^ million bales would be a
a resting place for years; for
it
greatly needed
is
all
cent,
;
that were issued
certificates
as a preliminary security for
advances the banks had made before the meeting of Monday.
as
Besides, publicity
this, for
the
is
more these
of special service in such a case
facts are talked
conservative estimate for the yield, or an increase of nearly
If million bales over last year's production. So also in the
in the Eastern States where last year late
Middle States and
about the better spring and summer frosts did so
much harm, every
indi-
they will be understood, and public opinion can always be cation is very favorable now. The Springfield Republican
trusted in this country when well infoi'med.
yesterday published reports gathered from almost every
Not
the least disturbance to any branch of business has
town
in
a
considerable
portion
of
this
latter
field,
needs of the and sums up the results by saying "that the promGovernment for gold during the next six months. On " ise is bright for an unusually abundant harvest in
the contrary trade has been making very satisfactory " Western New England."
Altogether, therefore, the
resulted from the disclosures respecting the
during the past two weeks.
progress
it
on
a
previous
country for
the
for
last
evidence of crop situation
page,
the
days ending
five
that for
the
figures
for
the
whole
week and those received by telegraph
last
night both showing an
And what
increase over last year.
is
As
is
rapidly
becoming
a
source of great
one need go no further than our tables of exchanges encouragement.
districts
outside
is
of
In Stock Exchange circles
this
week
the
these favoring circum-
in the prospective settlement of the
very satisfactory and South Pennsylvania
New York
all
stances are being discounted, but chief interest has centred
difficulties.
report or statement, confirming previous
West Shore
With each new
intelligence, new
was given the movement, and a more active and more
many a day. The
nishes confirmation of these reports.
We do not transactions were enormous, and it was nothing unusual
mean that there is any marvelous activity, but that to see prices advance three and four per cent a day. It
business is growing better rather than worse, that it is almost seemed as if in a trice all the old-time feeling of
much better than ayearago, and that although values are prosperity and confidence had come back. Nothing defilow and buyers are conservative, stocks of most goods are nite has transpired as to the shape the arrangements
being reduced and prices are getting steadier. The stoppage between the Vanderbilt and Pennsylvania people are to
of cotton mills almost daily announced is no indication of take, but it is represented that they are to be very
a contrary condition. Stoppage was anticipated, and is a comprehensive in their character and are intended
prudential measure due to last year's short crop of cotton to include not only the disposition of the
two
and the present splendid expectations respecting the matur- new roads, but to involve a practical settlement
ing crop since to buy the raw material with which to of the whole trunk line problem.
As bearing upon
manufacture goods now, would put up its price greatly, and this latter point it has been reported that the plan was
the goods would have to be sold on the basis of much under consideration to form a board of absolute control,
lower cotton when the next crop is coming in freely.
consisting of one representative from each trunk line,
total
compares
also.
Inquiry
;
very
among
well
with
merchants
all
in
previous
this
city
years
fur-
zest
buoyant market has not been seen for
.
THE CHRONICLE.
62
which
have exclusive power over and control
thus taking the matter out of the hands of pas-
Week ending Jitly
boftrd is to
of rates,
But
senger and freight agents.
hke
this is
all
—
Reechoed by
17, 1885.
N. Y. Banks.
Shipped by
Banks.
Total Kold and leeal tenders.
\
Gain.
Loss.
$795,000
160,000
$549,000
Gain..
$645,000
$393,000
Gold
$1,190,000
I.
Net Interior
Movement,
X T.
»1,100,000
Currency..
the other
reports and rumors that have been current vague and
It is admitted on all sides that the problem of
indeHnite.
how to dispose of the many vexed questions in dispute is
[Vol. Xl
150,000-
~*~$i00;000"o£ tUls to Canada.
The above shows the
bank hold-
actual changes in the
ings of gold and currency caused by this movement to and
a very difficult one, and that it will take a long time to bring
from the interior. In addition to that movement the banks
can
that
therefore,
The most,
things to a successful issue.
have
lost $1,500,000 through the operations of the Subtowards
progress
is
that
told,
be expected just now, we are
Adding that item to the above, we have the folTreasury.
certainly
managers
Railroad
made.
that end is being
lowing, which should indicate the total loss to the New York
of
which
understanding,
an
come
to
anxious
to
seem very
With this disposition on Clearing House banks of gold and currency for the week
course is a great point gained.
their part, the Street hopes
and believes that
all differences
be smoothed over.
not surprising that with the news of the week of
so stimulating a character, the market should have moved
rapidly upward, despite realizing sales and the efforts of
covered by the bank statement to be issued today.
will soon
It
Week ending July
the bears to arrest the advance.
On "Wednesday morn-
,
ing this class of operators made a sharp attack upon
Pacific Mail, probably with the object of unsettling the
market
but the
;
was only temporary, and in the
upward move-
effect
afternoon a fresh impulse was given the
ment by the news from London of the Russian advance
upon Afghanistan. It is likely that this rise had the
"inducing prominent bear speculators,
effect of
heretofore stubbornly refused
tracts,
to
seek
safety
in
Banks' Interior Movement, as above
Total gold and legal tenders....
The Bank
But the upward movement,
and there were
amounts of these
already stated, has not
as
and
business, crop
are giving a
Railroad earnings,
too,
of themselves
the returns
financial situation.
much
an
has
tion
its
«.855,000
The Assay
July 17, 1884.
Silver.
Gold.
Silver.
£
£
£
..
..
80,792,101 65.175-978 73,793,753 63,293,763
80.089.981165,257,563: 73,963,463 63,173,105
Office paid
$294,085 through the Sub-Treasury
foreign bullion, and the Assistant Treasurer received the
following from the
Custom House.
OoitHsting
Date.
Indies.
Bold.
$370,492
299,907
640,592
318,586
407,431
362,273
July 10.
"
"
"
11.
13.
14.
'
15
•'
16.
Gold
Silver Oer-
Notes.
Oertifle's.
tiflcates.
$201,000
130,000
345,000
156,000
214,000
157,000
$90,OOo
77,000
179,000
91,000
110,000
120,000
$75,000
91,000
105,000
65,000
80,000
76,000
$27,000 $1,203,000
$670,000
$4.92,000
49
68
80
43
27
91
%2,399,2S4 58
Total.
of—
U.S.
$3,000
2,000
8,000
3,000
2,000
9,000
FOREIGN INVESTMENTS.
The Norfolk &
The Mexican catastrophe possesses an interest wholly
The Florida Navi- apart from the particular circumstances surrounding it,
record
gain.
of
The and from the particular events which led to it. Of course
1883.
1884 aggregate.
unbroken
&
increase.
The Denver & Rio Grande, out
Pittsburg
likewise
records a continuance
has a gain of fully 100 per cent.
Indiana Bloomington
in Colorado,
Even roads
like the
& Western, Cleveland Akron &
& Terre Haute, Des Moines & Fort
Columbus, Evansville
Dodge, report^ larger totals now.
We
do not mean
to say
that there are no loads having diminished receipts.
On
But they are much less numerous
than previously, and usually show a smaller amount of
loss than we have been accustomed to see.
The only poor
the contrary, there are.
returns as a class are those of the trunk lines, and of
roads like the St. Louis & San Francisco and Chicago &
In the case of the trunk
Grand Trunk
Loss.
during the week for domestic bullion and $92,867 for
having larger earnings
it,
of July,
Rochester
Alton.
$10,045,000
thus far received for the
Nashville in the South, shares in
Western exceeds
$9,19D,000
better account
week of July. Thus the Chicago & Northwestern,
the Milwaukee & St. Paul, and the St. Paul & Omaha, all
report slight gains in receipts for that period, and the St.
Paul & Duluth relatively a very heavy gain. The St.
Paul and the Northwest, it is true, do not gain quite what
they lost a year ago, but at any rate an improvement now
however small, is better than a continuous loss as heretofore.
And the improvement apparently is not confined
to this section of the country either.
The Louisville &
week
$845,000
1,500,000
27.436,312
24,574,868
45,924,042 43,030,728 41,627,805 40,520,765
7,381,750 22,145,250 7,591,000 22,773,000
first
first
Gain.
Loss.
settlement,
been wholly the result of the probable settlement of railroad difficulties. It has had good foundation in the
than in the
9,500,000
July 16, 1885.
Total this week
Total previous week
in
$545,000
8,000.000
Gold.
on Thursday that large
Bank of France
contracts had been privately adjusted. This naturally
Bank ot Germany
caused a reaction, and it will account for the decline later
improvement in the
$1,190,003
England reports a gain of £283,985 bullion
This represents £620,000 received
during the week.
from abroad and £336,015 sent to the interior. The Bank
of Prance lost 2,053,000 francs gold and 2,060,000 francs
silver.
The following indicates the amount of bullion in
the principal European banks this year and last.
who had
in the day.
Out of Banks. Net Change in
Bank HoMlniw.
of
cover their short con-
to
reports
the
Into Banks.
17, 1885.
is
still
lines,
however, though
Louis Alton &
loses heavily, the St.
Terre Haute, both main line and branches, have augmented
earnings this time.
The following statement, made up from returns collected
by ua, exhibits the receipts and shipments of gold and currency by the New York banks during the week.
the
first
directly
do, is
thing one of the unfortunate persons
who
from the collapse
he ought to
does, the first thing
to study the situation
suffers
and decide whether he wiU
take the chances of the future, or whether he will pocket
heavy loss, sell his depreciated stocks or bonds for
what they will bring, and leave the chances to others.
But for those who have not suffered by it, such an occurrence as the catastrophe in Mexico is useful chiefly for the
lessons it teaches— perhaps we should rather say for the
lessons it might teaqli, for it is much easier to misread the
admonition of an event like this than to apprehend it.
For the first time a large body of American investors
find themselves affected, in purse by the action of a foreign
government. Whether the action of Mexico was necessary
and justified or not, is not the question, nor does it in the
least degree modify the consequences of the act.
Hereto
Not only were
fore America has always been the debtor.
all its funds invested at home, but foreign capitalists were,
his
aa they still are, in the
same
relation to enterprise in the
THE CHRONICLE
Jfi.T 18, 1886.]
United States that
Now York
That
the railroads in Mexico.
and Roston
it is
partif-s
stHml to
extremely unfortunate
the very Qrst large investment of American money in
a foreign enterprise should have turned out badly, need
But it would be unwise to argud from
hardly be said.
tliat
63
like the present, are quite sulTiciont to
has happened
to
account for
government and
the
all
that
to the railroads.'
Let us not be too sure that railway lines through Mexico
will prove a failure when business revives again.
It
really a matter of
is
much importance
that a single
—
one case to all cases, as some of the ultra-conservatives apparent failure time only can show if it is to be a real
seem disposed to do, and draw from the sad fate of tlie failure be not looked upon as a solemn warning not to
—
investors in Mexican railways the lesson that
all
muiiioy.
venture into foreign
fields,
even
if
the fields are to be such
ment of money in foreign undertakings is extra-hazanlons. countries as Mexico is. If the United States is to becotn«
It we look to England we see that British capital is great it must look outside of itself.
On reaching the
invested in the government stocks and the public enter- point of "industrial independence,'" to attain which a
prises of every continent.
of England
On
?
What
the whole
rarely
know
Bondholders
been a
is
default.
has been the experience
peculiar
fiscal
policy
baa found this class of quarter of a century,
We hear of
investment highly profitable.
we
it
the failures, but
has been steadily pursued for a
it
into the world to sell
must cease expanding or go forth
goods to peoples not industrially
The Council of Foreign independent It must become a commercial and a trading
when there has nation. It must be prepared to lend money to the comhave been met in Turkish, munities with which it enters into relations, to enable them
of the successes.
called
upon
to act only
Great losses
to develop themselves, as well as to extend its own
been more than made good in other directions. With the markets. In order to do all this, great courage is needed,
exceptions named, government credits iu the Eastern Hemi- courage of the same class as that which used to exhibitsphere are very fair, though Austrian finances are in a bad itself in the establishment of American mercantile houses
way, and Russia may have trouble in the future.
m foreign ports, and in building clipper ships that out •
As for railroad investments England has frequently done sailed all competitors, but which has latterly been disFor some reason, played in constructing railroads in the new States in
well, and has occasionally fared badly.
Egyptian, Spanish and Portuguese stocks; but they have
which we do not now attempt to discuss, British capitalists advance of population. Of course caution must go hand
have of late found themselves involved in nearly every in hand with enterprise. But they should both go. This
great depreciation of an important railroad property in the continent is to be conquered by man, and the work is not
United States, but in spite of that the gains more than finished when a single republic has become one of the
offset the losses; and even if that were not the case, our greatest powers of the earth.
Compare the Mexico of
English friends only suffer in common with the home Diaz with the Mexico of Santa Ana; the Dominion of
owners in the properties affected, and will by and by share Canada with the feeble and disjoined colonies of fifty years
in the recovery from the present depression, which is sure ago; Brazil as it is with Brazil as it was; the dashing and
The idea of discontinuing the practice of buying gallant Chili of today with the same country only a few
to come.
foreign government securities and foreign railway shares years ago.
North and South, this continent is growing.
and bonds would be regarded not as a sign of growing Its trade is ours if we will that it shall be ours. To gain
British prudence, but as a mark of timidity, and as fore- it we must be conservative, but we must also be entershadowing the decline and extinction of British enter- prising. Possibly some day the projectors and builders of
the Mexican railways will be canonized
prise.
We may consequently conclude that the lesson of Mexico
is
not a general one, but special.
folly of investments at
It
whom
among
the saints
capital worships.
does not teach the
a distance, whatever else
it
NEW ENGLAND
may
RAILROAD DIVIDENDS.
we made comparisons
of the dividends
What are we to do
with our capital in the future ? Our agricultural resources paid in the half year ended June 30, 188.5, with the dividends paid in the nine full years preceding by the principal
tare so far developed that we can feed, not only our own
people but substantially meet any deficiency in Uie world's roads in the West, Northwest, Southwest, those on the
teach.
It is well for
us that
In our
it is so.
The railroad system is so complete that additional
seem not only not needed now, but not to bo
needed for many years. Our manufactures are already
crops.
trunk
nearly
lines
if
not fully equal to supplying
all
that
is
required in
last issue
among the trunk lines, and the coal propTo economize space the New England section was
omitted, since, as stated, there was not the same general
Pacific Coast,
erties.
interest attaching to the roads there.
the times of largest consumption, as they glut the markets
securities
whea consumption is slack. Heretofore there has been a
demand for all the surplus capital we could earn, in home
development. The time is very near at hand when that
best of
New
England railroad
—the
—and, more-
are very closely and very tenaciously held
them
rarely ever coming on the
over, fluctuations in the
rate
market
of distribution to the stock-
holders would appear to be at a
minimum on
these roads-
The Springfield Republican, however, seems to think that
in other countries
or not at all. It would be unfortunate for this latter reason, and by way of contrast with the
indeed if it were true that such foreign employment of it other sections given, a similar comparison of dividends
were practically equivalent to throwing it away.
for the New England section would be particularly interNor is it either true or gracious to say that even in this esting. Our contemporary regards the omission as the
case the construction of railroads in Mexico with American more remarkable because, as it states, it believes " not a
money was a piece of folly. At the worst it was a par- single New England road has yet suspended, or even
donable mistake, and oven that remains to t;e proved. reduced its dividends in consequence of the hard times."
surplus must be employed in extending American interests
—
There
very
reason for believing it to be true, as
European interests in Mexico have been
working to effect the embarrassment of the government,
so as to deal a blow at American influence. The facts that
Mexico clearly undertook more than so poor a government
could perform (a truth that in our eagerness we overlooked), and that the railroads could not and are not
is
little
alleged, that the
Strictly self sustaining in a period of universal depression
We
have, therefore, concluded
New
to
prepare the record for
and give further below the
dividends paid during the last nine and a half years by
thirty or more New England roads.
the
England
States,
not only true, as the Republican states, that
New
England roads pay quite high rates of dividends as a
rule,
It is
but
it is
also true, as suggested above, that there
marked degree
is
of stability about their payments.
a very
There
.
.
THE CHRONICLK
64
[Vol. XLI.
6mo»-
In the first place, these roads
are several reasons for this.
managed—with an eye
are nearly all very conservatively
the spec
stockholders-and
single to the interest of their
entirealmost
been
has
in management
Company.
A Rochester
N.T.P.* Boat. (Ston.) 10 W)
NortherH (.S. H.). ...
Norw. & Worc.d'sed)
Old Colony
Nastaaa
ulative element
fortunes of
the
country,
other parts of the
England lines are not
New
exclusively local
rare exceptions they s«rve almost
those interests,
to
minister
interests, and knowing how to
yield a
making them
8
4
6
6
8
8
10
7
5
6
6
1
S
a
3
na
10
en
B
6
«
4
6
2
no
5
an
3
3
3
+i«
Rochester and Worcester & Nashua
under name of Worcester Nashua & Rochester.
dividend of 7 per cent.
; Includes an extra
Nashua
I
With
difficulty in
3
Worcester & Nashua.
Wore. Nnsh. & Roch
of
1884. 1888.
18S2.
1880.
6
10
5
10
H
ProT. & Worcester..
Rutland, pref
Verm't& Mass. flsd).
through traific,
dependent chiefly or even largely upon
because
declined
disastrously
the rates on which have so
trade.
export
increased competition and a diminished
they have no
18T7. 1878. 1870.
Plttsf .&No. Ad.CI'sed)
Port. S. & Ports. (Isd)
Then, iinUke roads in
ly eUminated.
1876,
&
IH
now oonsoUdated
remark that not
It will be noticed that the Republican's
England road had yet had to reduce its divi-
handsome
a single
New
not strictly true. The Fitchturg has come down from
of the previ6 per cent in 1883 (and a larger rate in some
Passumpsic
Connecticut
&
the
now;
ous years) to 5 per cent
return on the capital invested.
the Eastern States are
It is to be remembered further that
pursues a
general more thickly settled and their trade
dend
in
is
more even course than o ther sections. Not that Rivers has also come down to 5 from 6, and the Housatonio
further developthere is not ample room for considerable
on its preferred stock pays at the rate of only 6 per year
sections in the
unopened
ment, but that the newer and
now against 8 in all of the previous nine years given.
West and Southwest ofier greater attractions. It follows But these are really exceptions that prove the rule, for
is
from this that the growth of the New England section
nearly all the larger roads will be found to be paying the
and
wide,
and
extreme
than
rather
slow,
constant and
It is true that in some cases the dividends
old rates.
encourage,
do
not
laws
the
as
even
invite,
not
thus does
among these were higher in 1876 than now, and if
At the same time
excessive or unnecessary competition.
we went back to 1873 we wCrnld find still more of the same
steadier and
this
very element tends to assure to the roads a steady
and
profitable traffic.
The assurance
a growth in
of
industries of
either, for the
not wanting
is
traffic
the section are being
all
the
though, as stated, the work
kind
—
in fact, nearly all the big
roads then paid as
much
But that was the era of
on their
paper-money inflation, which therefore does not admit of
any comparison with the present period.
capital.
as 10 per cent
time enlarged and added to.
Taking, however, the more recent years, we find that
goes forward not by leaps and bounds, but in a measured the Boston & Albany, the Boston & Maine, the Boston &
and even way. Of course in any general trade depression Providence, the Connecticut River, and the Providence &
common to the whole country, the Eastern section is not Boston (Stonington), have sufiered no interruption of the
unaffected, but necessarily it feels such influence less than
regular 8 per cent rate per annum, and the Concord and
other sections. There is a certain amount of local Manchester & Lawrence and the New York New Haven
which
business,
upon
local
this
will
remain
business
in
the
any
event,
and
it
rely
for
their
roads
is
Furthermore, buoyant and active times do
not stimulate the business to an extraordinary degree,
and hence there is less of a reaction in an era of
prosperity.
depression.
All this
is
ages in the
not precisely necessary to illustrate the advantof dividends that the Eastern States hold
way
—
over the rest of the country the record and comparison
may well be left to speak for themselves ^but it helps us
—
to understand what makes these advantages possible, and
the reason for them. The following tabulation shows the
Hartford continue to pay 10 per cent. The Boston
Concord & Montreal (pref), the Boston Revere Beach &
Lynn, the Northern New Hampshire, and the Providence
&
Worcester maintain their regular rate of 6 per cent,
and the Northern New Hampshire in the present year
also declared an extra dividend of 7 per cent.
&
The most
pean
The
ones.
half a year,
last column (for 1885) of course covers only
and the figures in it have to be multiplied by
& North American
to get at the rate for a full year.
6mos
Cctmpanji.
1878. 1877,
Boston & Albany..
Boston it Lowell
Boston it Maine.
Boston & Providence
Boston R. B. it Ljnn.
8
2
B
.
.
Bo«t. Con. ItU., praf
Cheshire, pref
Conoord
Danbury
it
Norwalk
East'n, N'.U., (leas'd)
European
it
No.
llousatonlc, pref.
Lowell
Lowell
It
And'r
.
8
8
$8
4
4
8
4
8
6
1H
8
4
8
8
6
4
8
3
8
8
8
8
8
8
8
1
3
10
3
10
8
8
3M
8H
4M
7
8
3
10
8
10
S
8
8
8
e
S
5
*H
»H
it fnm., pref
Maine Central
Hanches.ft Lawrence
5W
8
10
8
4
3
stock.
But there
is
the Boston
all
&
Lowell, which has
the recent years, and
now
pays semi-annual dividends of 3 per cent each. The Old
Colony, forced to suspend in 1879, is paying 7 per cent
Nashua '&
Rochester, now consolidated as the Worcester Nashaa
& Rochester, paid dividends regularly for some time
The Worcester & Nashua and
the
preceding the consolidation, though the dividend due in
July on the stock of the new company has been deferred
and the dividend period changed to April
till October,
and October. Even the Rutland returned something, it
stockholders in some of the
1« will be seen, to its preferred
5
late years, and there is talk in Boston now of a dividend
4
this year, the discrepancies discovered in the
accounts of
2«
«H
4«
5
5
2«
2«
rassment.
8«
Thus
and
lower
a
accept
agreed
to
has
just
Worcester
&
Norwich
the
rental from the New York & New England, so that dividends hereafter will be 8 instead of 10 per cent. The "Vermont & Massachusetts, leased to the Fitchburg, which at the
beginning of the lease in 1874 got only 4 per cent, and then
8
8
7
7
2
127H
10
10
s
2
8
3
10
10
7
6
5
with Old Colony and tbe amount given for 1864 paid in
And 10 per cent In
the
5«
2«
4H
KM
a
10
10
8
N. V. N. H. & Hartf.
Nash. * Irf>weli (IVd)
ISHS.
8
6
7
(I'sd)
* Conaolldated
(ttlenu'nt.
1883.
6
8
4H
Am
FltchburK
183-2.
6J4
10
8
8
2
Connecticut River...
Conn, it Passurapalo
188L
1879. 1880.
and the
been steadily advancing in
again.
two
is
new dividends it
To find the EuroMaine Central down in
the dividend list— the former for five per cent and the
latter for six per cent^ds in itself pretty positive proof of
dividends paid since 1875 on some thirty New England
progress.
We believe the list embraces all the larger roads
roads.
of any prominence or consequence, with most of the minor
interesting feature of the table, though,
evidence of increased dividends and also
affords in the case of a number of roads.
one of
its
officials
having for a time caused some embar-
Dividends on leased roads of course have
cance,
changes in
less signifi-
them are of smaller account.
JCt,T
18,
THE CHBONICLE
18MJ.1
now for some yeara
The Nashua k Lowell
for two years 5 per
ge tting 6 per cent.
&
Boston
Lowell)
The
formerly.
cent,
bu
been
lease (to
on an entirely difTerent basis than
& North Adatns lease was placed
is
rittsfield
65
^^;-
of every character
had been met and redeemed.
If
thia
reasoning bo accepted as correct, then instead of a deflcit
of $114,275 below the charges, there would
of $1,012,225,
be a snrplaa
which presents the year's showing in a more
on a 5 per cent basis in 1877. The Eastern (N. 11.)^ favorable aspect.
On the other band, th« United States Ooyemment
which now receives 4^ per cent on its stock, was formorly
requirement
for the year, under existing lawf, was only
dividends
the
Massachusetts
for
leased to the ?^astern of
same as on its own stock, but October 1, 1878, a clianga $538,852, and this is all the company has allowed in its
was made
On
tlie
to the present arrangement.
whole,
make a
roads
may
it
favorable
strikingly
Actually the Central Pacific rendered
yearly exhibit.
be said that dividends on Eastern
with those
contrast
services
the
to
Government
amount of $959,621, but the
(for
transportation, etc.) to
officiaU of the
road claim that
Most of the larger roads pay not only the balance remaining above the $538,852 should be paid
very high rates, but business depression has apparently over by the Government in cash, and Mr. Stanford, the
affected them hardly at all, and thus they present a very President, comments severely upon the policy of withholdOn the other hand, some roads from paying ing such money, of the resulting injustice to the road, &c.,
stable record.
low rates have advanced to much higher figures, and &c. That is all very well from a legal and technical
others, from being non-dividend payers, have taken their standpoint, but look at the matter from a business point
in other sections.
place with the most favored class.
FEATURES OF CENTRAL PACIFIC REPORT.
Central Pacific
year's
accounts,
is,
as usual, very tardy in presenting its
and the report for 1884 has oaly been
issued this week.
In
general
its
Why
of view.
to
results the report does
that
it
increase
the
the
year
should
debt
after
interest
the
at
Government
In other words,
year.
company not charge
To be
not the ofScials
to
off in full
see
least
not
does
why
should
each twelve months the
on that debt which the Government has to pay.
law does not require such a course, but if
sure, the
The year was evidently a very the bonds were its own, instead of those of the United
company, but that was shown by the brief States, the company would certainly have to meet the
preUminary statement issued last February. The present interest, and there does not seem to be any sound reason
report, however, contains many interesting particulars of why a different policy should be pursued in this case.
the details of operation, which, in view of the unfavorable The company will have to meet the interest in the end (at
not disclose anything new.
bad one
for the
showing made, possess more than the ordinary value. As the maturity of the debt), and with its constant accumulasince the close of the year the character and position of tion there would appear to be well-grounded reason for
the Central Pacific with reference to its leased system have the fear that to defer the payment till that time, involves a
entirely changed, these details have also an additional grave doubt whether it can be met at all.
The extent to
value in so far as they help to throw any light upon the which the road is falling behind may be seen by comparprospects of the road under the change.
ing the $538,852 actually allowed for, as above, with the
Compared with the year 188.3, the gross earnings of tL« $1,671,341 as 6 per cent interest which the United States
We are willing to waive making the
Central Pacific system in 1884 fell off $2,578,315, and as paid on the bonds.
fund
same
time
a
charge
upon earnings, as in the case
at the
the expenses were not reduced, but on sinking
the contrary were increased $124,796, the loss in net was of the company's own bonds above, but we feel that we
even heavier than in gross, and amounted to 12,703,111. ought to insist upon provision in full for the interest, so
This loss reduced the net to $6,470,709, and to illustrate that the debt will no longer keep accumulating. Assuming
the diminutive character of the total we need only say that the company had made provision for this interest, the
that it is the smallest of any year since 1871.
Even in excess above the Government requirement ($1,671,341
1872 net was $6,952,362, and then the mileage of the less $538,852) would just about offset the $1,126,500 paid
system was only 1,200 miles, whereas in 1884 the average by the company under the sinking fund requirements on
for the year was 2, 9.37 miles.
The result of this heavy its own bonds, leaving the deficit on the year's operations
falling off in net
is that,
after
allowing for other sources
about $120,000, without the dividend.
But what accounts for the falling off in the company's
on the year's revenues 7 The decrease in gross receipts, we are told,
operations of $114,275, which is increased to $1,892,540 is chiefly explained by a diminution in the earnings on
when account is taken of the $1,778,265 paid out in through business, largely the result of increased comFebruary, 1884, as a 3 per cent dividend on the company's petition and low rates, but in good part also the result of
stock.
the interruption of operations by floods in Southern CaliThis deficit, however, is reached after providing for fornia at two different times. These floods were really a
$1,126,500 paid into the sinking funds of the company. much more serious matter in diminishing earnings than
oS the requirements
of income, and charging
and sinking
remains a
funds, there
Though an annual charge
for interest
deficit
against the property,
it is
ques-
They
generally supposed.
likewise
increased expenses
by some whether such item should properly bo heavily (for the necessary repairs). At the time of the
taken out of net earnings. Sinking fund payments oper- first floods, operations were interfered with more or less
ate of course to reduce debt, and in effect diminish the for nearly a whole month
from February 17 to March
capital account to that extent.
The operation is equiva- 17 and the second time the interruption extended from
lent to paying for property out of net earnings. The argu- about the Ist of July to the 13 th of August.
Therefore,
ment is that whatever may be said of the wisdom of such it is no wonder that the earnings from through
tioned
—
—
a step,
limit
it
cannot be denied
to the extent
If a million of
what
is
millions
the
to
earnings
same thing
may be
that
there
is
which the process
is
set aside to
to
practically no
may be
buy new
carried.
plant, or
reduce debt, why, then, two
traffic
The
record a diminution of
officials
of
the fact that the local
—that
itself
might be employed
loss fully as
in this way.
and stockholders
cally be left without profits year after year
till
practi
every del
t
a better accoant of
Bat
that looks encouraging only because the comparison
confined to two years.
aside, or three millions, or
business gives
this records a decrease of only $225,503.
more. In
a word, the whole net earnings unpledged to other uses
set
$2,352,812 for the year.
themselves upon
the road congratulate
a year
The
local business
heavy as the through business, only
earlier, as the
is
has suffered a
following table will show.
it
came
.
. .
.
THE CHRONICLE.
66
1884.
1881.
Central Pacltc Si/tlem.
18,917,884
8,745,473
16,442,405
16,21(1,902
8.302.016
5,940,204
24,004,101
25,66Kt:B'
24,744,421
22066,106
13,859.307
16,067,1M
18,879,861
Local earnlDga
5,714,240
Tbrongh earnings
Total eamloKs
Operating expenses and rentals..
$225,503 in the local earnings
loss of
Thus the present
6,470,709
9.595,573 ~9.173,a2ol
10.234,794
Net earnings.
15,570.601 |l5,896^
[Vol. XLI.
again reaping the million or more profit that these lines
returned in 1882 and 1883, thus to that extent advancing
the Central Pacific towards recovery of its former prosperBut under the new arrangement all hope of
ous position.
is forever gone, for whatever profit
not
to the Central Pacific, but to the
the lines net will go,
To that extent also the
Company.
Pacific
Southern
new
regaining that surplus
in the previous year,
is in addition to a loss of $2,474,879
the
making $2,700,382 in the two years, the total of
prospect of the Central Pacific earning more than the 2
per cent guaranteed it as a minimum, is diminished.
One other circumstance is worth alluding to. In his
same being but $16,216,902, against $18,917,284 in 1882,
and $18,379,861 in 1881. At the same time, we notice that report President Stanford speaks of a renewal of the lease
heavy, and of the Northern Railway of California and the San Pablo
last year the through earnings were unusually
the decrease in that class of
& Tulare Railroad. These are very important lines. Mr.
with
compared
and
as
business is only about
Stanford says that all overland trains to San Francisco by
the
to
Referring
increase.
small
a
actually
is
1881 there
whatever route run over the track of the Northern Raildecrease in local earnings in the past year, the general way, and those of the southern lines also run over the San
The leases, he states, have been
manager states that the tonnage actually handled increased Pablo & Tulare road.
Nothing, how2-47 per cent, but that the tonnage mileage (tons moved renewed substantially upon the old terras.
one mile) decreased 15-64 per cent. He presents a table ever, is said as to whether these leases, like those of the
to show that the local freight moved was 3,984,262,650 Southern Pacific, are to be transferred to the Southern
lbs. in 1884, and only 3,888,308,510 lbs. in 1883, but he Pacific Company.
We presume not, but there is always
also tells us that " grain from the agricultural districts" the possibility that they may be, and the knowledge of
constituted 1,287,096,940 lbs. of the amount in 1884, and such a proceeding in one case incites the fear that it may
that
we compare with 1882
if
«i800,000,
In other words, the gain be applied in other cases.
lbs. in 1883.
As the lines mentioned netted
wholly in grain, and outside of that item local freight a profit of over a million to the Central Pacific in both
shows a falling off of 189,663,890 lbs.
1883 and 1884, the importance of an answer to the ques-
only 1,001,478,910
is
There
ing on
is
its
another feature in the report which
own
account, and
is interest-
tion can be readily understood.
upon the
towards some
also has a bearing
change in the relations of the Central Pacific
We refer to the tabulation in
of its former leased lines.
the report giving the results during 1884 on each of the
Confined to one
roads operated by the Central Pacific.
much
year, these figures are deprived of
of their value, but
BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
BXOMA.NGE AT LONDON- Jvly
3.
previous reports also contained similar statements for 1883
Oti-
and 1882, and from these we have made the following
instructive comparison for the three years.
We give Am8t«rdLyn
Amsterdam
merely the items of gross earnings and of net profits HaiuburK
Berlin
Franlsfort..
remaining above operating expenses and rentals.
0%
«12-l-\
l-2-i38
•12-2''e
3 mos. 12
Sifjlit.
BXOHANOS ON LONDON.
Latest
Date.
Bate.
Time.
July
_.__
^"^
Bate.
1205
2 Short.
20-46
20-35 ifl
20-40
12-42
®20-57
a>20o7
320-57
Short.
July
July
2053
July
2053
l'2-56i4®12-58% July
Vienna
12-56i4®li-5S«l July
Antwerp.
25-1-34
S>J5-23% July
Sbort.
Parts
3 mos. 25-37i2e25-42H!
Paris
July 2 Sinos.
2;)llie»23%
8t. Petersli'g
25-.50 «25-55
July 2
Genoa
23-55
25-50
July 2
®
Naples
June 25 3 mos.
46 'itU,'^
Madrid
®46i8
46
Cadiz
Lisbon
517a a52
Alexandria
2 3 mos.
,July
CoDstant'ple
Ijuly
380day^
New York. SOd'ys,
Is. 7d.
July 3 tel. tsfs
D'm'ud
Bombay
July 3
la. 7d.
Calcutta
Julv
4 mos.
Horn; Kong.
July
8hanf?liai
3 mos. •20-53
.
2.'>-23
.
Oroaa Earning.
Central Pacific
\iNet Profit to Central Pacific.
System
$
t
Central PaclBo.... 13,712,201 13,149,402| 11,826,901 7,520,472 7,123, 135
Amador Branch..
46,954
30,772
49,863; L's 18,054 L's 30,;,380
California Paclflc. 1,356,709 1,290,351 1,228,823
250,68f
106.,230
GalT Ilar.& S.A.«
384,338
3,171
Ls320,50< L's 53,1,870
Los Adk. & San D.
72,128
72,533
75,460
7,585
1,
&
Los AnK.
Sac.
&
Stock.
Indep.'
26,936
HliiccrTllle.
23,081
&
Copper's.
115,705
Northern H'way.
8.Pablo
.
So. Pac.
So. Pac. of
*
.
Ariz...
N.Mex.
Total
36,086
594,940
312,689
238,749
1,917,568 1,027,878
632.973
720,589
807.443|
4,025,360 3,S80,083l 3,240,943
259,862
299,4381
2,718,298 2,445,429 1,821 ,917i
789,753
790,756
894,863i
01V.+.,
c.f
29,922
180,237
112,84'
L's 84,101
L's 18,143
L's 12,002 L's 10,
6,488
9,1
3i',658j
1,-37,342
Tulare..
So. Pac. of Cal
St
Colorado
32,773
28,358
5,888,808
L's 15,368
L's 6.819
10,68:
32,
0,797
703,
8i0,80l
378,
410,796
ISO,
Ls476,068
Ls234
886,852
89,901
I25,002,75w'24,744.421 82,166,106!l 9,595,573
2rl0,850
8,470,709
is on the lines
most afl[ected by the interruption of through business,
namely the Central Pacific proper and the Southern Pacific roads of California, Arizona and New Mexico.
The
falling off on these latter ip particularly significant at this
juncture.
It wOl be remembered that these are no longer
operated by the Central Pacific, that the lease has betn
new Southern
very largely to the
floods,
in
1883
of floods
this
year there
4,
1885.
Quietness has continued the characteristic of the reports
from the commercial centres. There is an absence of political
excitement, and a more confident feeling is prevalent respect-
management
of foreign political affairs
far trade has not been influenced
by
;
but so
this prospect of
the
removal of a potent element of a so disturbing nature.
Whilst the future generally
confidence,
finally
it is still felt
that
is
looked forward to with more
all difficulties
have not yet been
smoothed over, and time and patience
before such a result can be reached.
thing to
know
It
that the period of doubt
is,
will be required
however, some-
and hesitancy
is
Pacific
Pacific in
there
had
1884 at a
been a
loss of
profit of
$829,640, a difference against 1884 of $1,190,587. In
1882, before the Colorado Division was open, the profit
was $1,215,302. The Colorado Division is now in the
possession of the Atlantic
3t
Company. Owing apparently coming to a termination, and that in the future we
the three Southern Pacific roads shall be able to look forward and judge more rightly of the
were operated by the Central
$360,947, while
4-04
London, Saturday, July
ing the future
and rentals.
be expected, the heaviest loss
transferred to the
110-87
Is. 67sd.
l8. (i-dJ.
3s. 6%d.
4s. liii^d.
[From onr own oorreepoudant.!
&
As would
47-00
04,207
133,
9,178.820
Oper
ited toiuporarily.
tNow leased to Atlaniio Pacific.
After
deducting oporatiufr expeusea
}
24!32
.
Ls209.9.38
790.
2.5-19 «a
&
real position of affairs,
without our view being obstructed or
But just now, until
known, trade is at a stindstill. The
difficulty of finding employment for money increases rather
than diminishes, and the goods traffic on the leading
obscured by the mists of uncertainty.
something
definite
railirays repeats the
is
now
familiar tale of a steadily-reducing
and with the absence
volume of business. Unfortunately, accounts from abroad,
would be the possibility of particularly from America, do not le^d us to indulge in more
Pacific,
:
July
:
THE CHRONICLE
18, 1885.]
67
hopeful anticipations as to the immediate future, bo far as theprice of middling upland cotton and wheat, and the Bankers'
regnrdu our export trnilo; but the home demand for manufac- Clearing House return, compared with the three previotu
tures iniiy [Witfibly improve toward the close of the year if our years
1884.
1883.
1882.
1885.
expectations of a good linrvest and higher prices for cereal ClronlAtlon.ntolii'lInK
M
*
M
on 1,025
5^.7!^H.l'JS
20
A-'>ttii>rlilll«.
just
issued
for
the
returns
71I11V
protluco l>e realized. The revenue
"«-• 174
r
p :,
'>3
quarter hardly afford a fair criterion of the actual state of
"0
trade. The net increase over the corresponding period of 1S84
i.,,.,.,.,.i77
.;_-,- lo.i /ti
»i.,. ;•-!,
.i.'
UuitM' Mf'iifin. M
11,340,585 12,877,673
Bo»'vei>riiiitr» .tcoln 17,i:»3,303 14,356,788
is £192,82:), but theu customs account for £.")97,000, and as
Oulii uikI liiilllou In
there is no doubt that large (luantitiosof wines, spirits, tobacco
Imtl) rt«|mrtment«.. 27,481,488 2S,075,683 22.20tl,A3S 24,092,908
and tea were cleared on the belief that the Budget arrange- Proport'ii of roeorve
3Ji« p. 0.
42>3 p. 0.
3^ p. e.
48 63 P.O.
tollablUtiM
2 p. n.
4 p. e.
ments would mean the imposition of a heavier duty on some, Bank rate
3 p. 0.
2d. o.
09 ''g
1U0>9
99 T(
eflllie
OonnolK
if not on all, of these articles, the receipts from them during
4il.
fit.
3(1.
lid.
37*.
4es.
32«.
8d.
av.
price
SDK. will at,
6l4d.
.1(1.
S''g<l.
the curri'iit ([uarter may be expected to bo proportionably Hid. Uiiliiiiil •ultoa..
^''llfi(ITsiL
10<4d.
O^td.
twiht
Sto. 40 iiiiilo
diminished. The increases of £00,000 and £5,000, respectively, dieariJlif-Hou8.(rel'u. 12 1,8 18,000 140,091,000 1,^3,399,000 177.800,000
in the post-ollice and telegraph service receipts are certainly
The Bank rate of discount and open market rates at the
favorable features; but too much attention must not be given
chief Continental cities now and for the previous three weeks
to the increase of £130,000 in proiwrty and income tax, which
have been as follows:
is probably in some measure due to the vigor with which the
collections are now being enforced.
June 11.
JurMl8.
June 25.
Jutv 2.
The revenue returns for the past quarter would certainly
Rata of
not be (juoted as illustrating the elasticity of trade. An unsatInterutat
Bank Optn Bank OiMn Bank Opm Bonk
RaU. Markt Bat*. Market BaU. Market Bate. Market.
isfactory incident just now coming more prominently into
•
notice
is
the steadily-increasing
number of
failures
amongst the
Until a comparatively recent date the losses fell
mainly upon the wholesale houses. According to the statistics
of Mr. Richard Seyd, the number of failures announced in the
first half of 1885 was 9,599, of which 299 were in the financial,
wholesale and manufacturing branches of trade and 2,300 in
retail trades.
amongst
compare with 320 and
retail trade, professional pursuits, builders, publicans,
the working classes, &c. These figures
1,948 respectively in the wholesale and retail trades during the
first half of 1881.
That is to say, whilst there is a decrease in
the failures in the wholesale trade at the rate of 7 per cent,
there is an increase in the retail trade of 18 per cent. No doubt
the growth of competition has something to do with this, but
it is an unfavorable sign nevertheless, and shows that the purchasing power of the community is not very strong just now.
It must not be forgotten that the shopkeepers have had the
advantage of buying in cheap wholesale markets, and there is
no evidence to show that they have been felling correspondingly cheaply.
The money market shows no fresh
capital,
already superabundant, will
feature.
now
The supply
;•
-
Purla
Berlin
8
Ftankfort
:
4
HambnrR
Amsterdam
8
2)i
4
Petereburg..
Copenbaiien....
be further aug-
may consequently be expected in maintaining even
the present low rates. Owing to the growing difficulty in
finding suitable employment for money, the discount establishments are considering the advisability of fixing the rates
of allowance on deposits, both at call and notice, at J2 per cent
per aunuui, Vk-hich will mean reducing the rate on the latter j^
per cent. The joint-stock banks still quote 1 per cent as their
allowance for deposits at notice, but will not take in any more
money on those terms. We are indeed just now in a state of
financial congestion, without the promise of an early relief.
The nominal charge for day-to-day loans is }{ per cent, with
no borrowers.
In the weekly Bank of England return some important
changts are noticed, but only what are usually expected at
this season. The reserve has declined £1,521,305, and the pro
portion of reserve to liabilities has fallen.from 52 24 to 48'63
per cent. There is a decrease in bullion of £635,185. If this
dispersion of a small jiortion of the Bank of England's resources were attributable to an improvemeiit in the trade demand for capital it would be a source of congratulation; but
such is not the case. Gold is going abroad, yet this efiluxl
would lie speedily checked were the value of money to at al
harden; but of that there are no signs.
!n»e rates for money have been as follows
:
Inttrat aitoma
tor iepoHti bu
BankBUU.
Joint,
Thru
••
fi
H
I
H-
a
1
r»- iii¥i5
June
U
Four
At 7
Thru four
Six
Stock
Mtmtht Montlu Montlu Montlu Montlu Month! Banks. OaU.
to
1
18 8
" 19 2
" 88 2
July 3 2
a - 1«« iHav
« a- IM91M iHa2
H» M 15-16 ixa H9- Ma - iMsa - 1 «8
1 a - iMai'K
93
i%
»3iiaH»3^
iHa8 ,iMa8X
2
1
The following return shows the
position of the
3H.
8
3%
4
4
4
4
Ki
4
8M
6
e
e
4
4
6
an
an
an
8
8«
8M
e
as follows on the state of the
***
Gold has be(?n in good demand dnrinc the week, tiotli for Germany
and IloUiind, and tUe cnlj- anlvals received by tlie linuk of EnKl^d
£:il,.100.
Hri- in eovereiK'ie. fro"! Spain and Montevideo, amoiintiuif to
The Bank has sold *437,oo0, of wliieh £55.()(j0 l8 for Simth America.
The chlif imports arc £9,800 from tlio Wist Indies. £3.< 00 from the
Cape and £,;-2,ilOO from South America total, *31,800. The Malwa la
taking £20,000 to Bombay.
„ , .,
,
,.
Sliver— In (•onRcqu(!nco of an order from the East, silver has been
steady during the week at 49Hd and at this ratei all ar>tval« havft
«15,o00
from
Chile,
aro
*12,00'J
important
l)eon settUMl. The most
from the West Indies and £1S,000 from New York; total, *103,300.
The P. & O, steamers take £244,000 to the East.
;
,
for bullion are reported as follows:
The quotations
July
Price of ffoM,
3.
Jun€S
>.
trouble
London
2H
2«
2X
3
4
4
4
of
mented by the distribution of the dividends, and increased
Op«n market ratu.
an
& Abell write
Messrs. Pixley
bullion market
2«
8«
2«
e
8M
2M
3%
4
4
6
m
«
6
3H
3H
9K
8M
8M
8
8
4
~«~ ~a
~~9
4
4
4
4
4
8
4
3
St.
~~^
~~a
Bar Kold, fine., oz.
Bar gold, (M>ntatD*K<
20 dwts. sliver. oz.
Span, doubloons .oz.
SJ^m.doubloons.oz.
Annexed
is
n
9
77 lOX
77 lOH
a June 25.
Bar8llTer.flne..oi.
Bar sllver.contalniOg 5 KTS. gold.. OS.
ot.
Cake silver
49M
49 3-lS
49«
53H
49 9-18
53 1-18
Mexican
48 3-16
4S3-ie
i.
It.
n
9
Jul)/
Price of Silver.
a list of the principal joint stock bank dividends
year
o far declared, compared with last
City
Consolidated
Imperial
dols. ..ok.
1883.
p.c. 10
10
7
13R4.
10
10
7
:
1883. 1884.
I/Ondbh&W'Btm't'r.p.
Couduu Joint Stock
Union
of
I»ndon
8
e.
J
2 1^
12'd
8
IS
15
The Union of London and London Joint Stock both come out
badly, but the results, taken as a whole, can hardly be considered unsatisfactory when the state of the money market
during the past three months is taken into account. The year
certainly opened with a 5 per cent Bank rate, but it was
reduct d to 4 per cent by the end of January. In March it waa
lowered to Z^i per cent, and in May it was reduced first to
3, then to 2J^, and eventually to its present level of 3 per cent,
where it promises to remain for some time.
The subscriptions to the Canadian 4 per cents for £4,000,000
reached a total of about £12,000,000, at prices ranging from
the minimum of 99 to 103. Tenders at and above £100 183, 6d.
were allotted in
full,
while those at £100
ISs.
receive about
The average price was about 101}^.
The half-year which has just closed will be noted for the
success which has attended the various colonial borrowings
In almost every instance— and the applicants have not been
few — the response has been very liberal, and subscriptions
have considerably exceeded the amount required. Colonial
investments are evidently well regarded just now. They
8 per cent.
rank
value
English railway debentures,
next in
to
H
H Hit and are in fact by some investors rather preferred. English
a Mm colonies now-a-days do not stand still, and investors have
MM
quick to recognize this fact. Whereas a few years
ago 6 per cent had to be offered to attract subscriptions, at
present there is an abundance of money forthcoming at 4 per
cent.
Annezedis a list of the borrowings:
M-M become
Bonk
of
England, the Bank rate of discount, the price of console.
first-class
THE CHRONICLR
88
Amohni
Amcunt
Required.
Beeeived.
a
Loan.
„*„nn
Zo.OOO
Ctty of Aucklana, 5 per cent...
>-ew Zealand,*
^'92^'°^
\Sri»;4
;;;;;;;.....::::.:....
Sutenslimd. 4
ew
Zealand,
4,000.000
117.100 107
3,891.000 97 10
183.000 97 10
ll,.'SO0.nO0
?'?1IS'SS2
}'l'2R'9S^
I,.i60,400
-l
Average Rale
p.eentnf
tlini-
mum. lllotm'ls.
£ 8. £ e. d.
3,933.200
6,800.000
3,800,000
302,100
276.200
South Aiisir.itia. A
Weniport (N'.Z.) Harbor Bd.. 4. 150,000
Greymoutli (X.Z.) Harbor Bd.,4 100.000
52.^,0a0
525.000
Western Australia, 4
4,000,000 12.000,000
Duminiou of Canada, 4
99
97
97
98
95
95
97
99
list is
arranged chronologically, and
it
t
J
100 13
97 IS) 4
10 100 6 2
10 103 H 5
O 9.1 14
9i 16
10
t Tenders at
* Tenders varied from «107 to £110 In.
; Prices ranged from
received'about 36'p. c.; above In full.
.£100 iB. 6d. p. c.
The above
*
1
93 2 6
101 1 8
£99
*97
6fl.
ed
10». to
shows that
we have had two fresh series of borrowings
part of China, namely, one of £1,500,000 in February
last in a 7 per cent stock at 98, and the more recent issue
of £2,250,000 in a 6 per cent loan also at 98 per cent, the
success of which was so very decided. Canada also has manthe current year
on the
to rearrange part of her debt just maturing, which has
borne 5 per cent interest, on a basis of 4 per cent for twenty-five
years. The Commissioners of Sewers of the city of London
have placed £1,000,000 3V^ per cent debentures at £96 10s. Ud.
aged
per cent. The Metropolitan Board of Works, in answer to
subscriptions for £1,750,000 at 3 per cent, received applications
for £5,800,000, and obtained what they required at an average
of £97 13s. lid. per cent. It will thus be seen that tliose
possessed of good security and sound credit have not failed
to reap the benefits of the long-continued ease in the money
market. The colonies have obtained what they required on
•very easy terms, and the judicious employment of the funds
thus secured should enable them to take advantage of the
when
it
does set
Dale.
Ammtnt.
Monlhs.
3
£
1,610.000
6
4.')4,000
June
3
3
3
3
July
3
2,171,000
1,195.000
1.611,000
2,171.000
1,195.000
March
March
May
Aver. Discount, p. ci.
£
3
2 19
3
1
2 14
2
15
14
The Crown agents for the Colonies have received tenders
for £100,000 4 per cent debentures of the Ceylon Government.
The
applications
amounted
to £392,800 at prices ranging
full.
Tenders are now invited for a Napier (N. Z.) Harbor Board
loan of £300,000, bearing 5 per cent interest, the minimum
being par.
The scheme for the reorganization of the Denver & Rio
Grande Railway has not been accepted by the shareholders'
committee.
The return of the Cleveland Iron Masters' Association to^
June shows that the make of pig iron during the month wa.s
308,000 tons, of which 154,000 tons were Cleveland iron. There
Were 98 furnaces blowing, 72 of which are making Cleveland
The total shipments were 77,000 tons, against 80,000
tons in June last year. The stocks held have increased about
7,800 tons. The stock of Cleveland metal is now 406,135 tons,
or 136,000 tons more than at the end of June, 1884.
very slow grain trade has prevailed during the week, but
for all that wheat has had a tendency to harden, and an
pig.
A
what extent
this loss will
be counterbalanced by the
increased importations from India. America's loss will be
India's opportunity, of which, no doubt, every advantage
The tone of the market for the moment
will be taken.
unquestionably stronger, notwithstanding the slight
IS
weakness reported from New York. Advices from the Rusports mention greater steadiness, with much less liberal
was expected. Last week's import into the
United Kingdom from all ports was, however, exceptionallysian
heavy, but in spite of that the quantity on passage has rather
increased, thanks to heavier American shipments. The visible
supply in the United States has expanded 575,000 bushels.
The statistical influences of the week have not been
such as to favor the hope of a rise, and the better tendency
must be attributed to the disposition of holders to hold out for
higher prices, on the belief that before the close of the year
values must be permanently advanced. Meanwhile, however,
the weekly average price of wheat is quietly receding, and is
now 3s. 2d. per quarter less than what it was six weeks ago.
The average for the season is 34s. Id., or 48. 7d. per quarter
lower than what it was last season.
The following return shows the extent of the imports of
cereal produce into the United Kingdom during the past
43 weeks of the season, the sales of home-grown produce,
the average prices realized, and other items, compared with
last season:
niPOBTR.
1984-5.
cwt. 45.270.140
14,723.468
10.530,759
Wheat
Barley
Oate
Peas
rndlanoom
Flour
5,5,48';,015
1.^,241,163
14.502.763
1881-2.
49.262,S87
11,526.477
8.757.415
17.802,247
10.124,522 12,58'<.160
1.845.520
1.510,292
2.395.597
2,379,297
22,742,207 18,322,618
12.613.816 14,306,102
],709,.S27
2.864.447
22,166.023
14.318,177
Beans
1882-3.
1883-4.
41,791,519
1,58.'..331
13,85e,';05
8.076,050
Supplies available for consumption (exclusive of stocks
September 1) in 43 weeks:
1883-4.
rmportsof wheat, owt.45.270. 140 41.701,519
14,318.177 12.61.3,816
Imports of flour
oales of homo-grown. .36,300.785 36,256,261
on
1881-2.
1882-3.
55,4-(6,045
14,MOfi.l02
49.282.387
8,076,950
20.239.650
39.259,900
95,889,102 90.661,599 10 1,052.047 77.578,987
The extent of the sales of home-grown wheat, barley and
oats in the leading markets of England and Wales during the
past 43 weeks of the season, together with the average
prices realized, compared with the previous season, are shown
in the following statement:
Total
1882-83.
1853-84.
1S81-85.
At'ge
Price
Sales.
Av'ge
Ftnce
Sales.
Av'gt
i^
sales,
\s.
d.
12,527.670138 8 2,264.99341
30 11 3.051. T41|31 7 1,942.670 33
351.465i20 3 a.'-S.viKS 21
275.'299
61
7
d.\
s.
Wheat, qrs.
2.530.767
Barley
Oats
2.9.^1.90.5
s.
d.
.34
1
5
Converting quarters of wheat into cwts., the totals for tha
whole kingdom are estimated as follows:
1883-4.
36,256,264
1884-5.
cwt. 36,300,785
Wheat
Atjiresenl.
Wheat
2.471,000
255,000
382,000
qrs.
qrs.
Plour,equal to qrs
Maize
Last week.
2.285,000
232,000
327,000
1881-2.
1882-3.
39,2Stf.90O
The following shows the quantities of wheat,
corn afloat to the United Kingdom:
flour
20.239.650
and Indian
1883.
1,050,000
18i.000
377,000
Last year.
1,912.500
20.5.000
331,000
from
the minimum of £99 to £101 128. 8d. Tenders at £100 lOs. 6d.
will be allotted about 95 per cent, and those above that price
in
tained to
1884-5.
in.
Tenders are now invited by the Bank of England for a new
Indian loan for £3,500,000, the minimum price being 85 per
cent. The stock will be consolidated with the existing 3 per
cents, which are redeemable in 19-48.
The Bank of England has received tenders for £1,195,000
Treasury bills to replace a similar amount just maturing and
^vhich were issued at the close of last March at an average
discount of £3 14s. 3d. per cent. This time the whole sum
was again placed in three month's bills, but at an average
discount of only £14 Os. J^d. per cent; that is to say fully 3 per
cent less. The rate is nearly 8-33 per cent less ithan that paid
last month.
Since the beginning of the year the treasury
bills have been placed as follows:
Xonth.
February
February
buyers should not be altogether
willing to endorse the enhanced views of holders. The main
cause of the steadiness appears to be the certainty of a largo
deficiency in the American yield, but it has yet to be ascernatural, therefore, that
supplies than
there has been no abatement in the demand for these issues,
which in most instances are now dealt in at an improvement
over the average prices of allotment. Amongst other items of
financial interest which have occurred during the first half of
revival of trade
XU.
[Vol.
EiiKllali Financial market*— Per Oable.
The daily closing .quotations for securities, &c., at London
are reported by cable as follows for the week ending July 17:
London.
lUver, peroB
d.
'Consols for money
Sat.
Man.
Tues.
Wed.
49>4
4914
49^18
495,,
99'8
99^8
80-90
115=8
lOOij,
lOOhn 100%
100 19
Oonsole for account
lOO'v 1001 le
Pr'oh rente8(in Paris) fr 'ill2ia Sl-la
llS^s
115\
O. 8. iiasof 1891
126% 126
a. 8. 48 of 1907
44>8
Canadian Pacltlo
45 »8
7618
Chic. Mil. A St. Paul.... 75%
10 ''s
11%
Grle, common stock....
130i«i
lUlnols Central
ISIH
Pennsylvania
SO-'a
511a
Philadelphia* Reading
7%
8
««.w VorV Ottntral ..
913p
91°9
[
Thwi.
FH,
49»i«
993a
9938
80-47ifl 80-67 "a
11518
II514
I2514
1251a
495i,
995i«
996,„
125%
125%
455s
45=8
7.S%
45%
45%
12
131
5214
I214
131
79»8
1238
I3II4
52
52
78»8
12
131
Si's
77%
7%
94 '4
8
I
95'78
7'8
97°3
71a
I
96--8
©ommcrctal and pilsccllaiie0tts Pcmts
National Banks. — The foUowing national banks have lately
been organized:
3,300 -The First National nank of Arkansas City. Kansas. Capital,
$50,000. William M. Sleeth, Preeldeut; Harry P. Farrar,
Capliler.
Flint National Bank, Flint, Mii'hlgsn. C.ipital. $200,000.
advance of 6d. to Is. per quarter is not unusual. There is, 3,361— The
David R. Fox. President C. S. Brown, Cashier. Succeeds the
First
National Bank of Flint.
however, no life in the trade. The prospects of the wheat
3,362— The Western Rest rve National Bank of Warren. Ohio. Capital.
harvest here are considered decidedly satisfactory, and the
$11 0.000. Albert Wh»eler. President; O. L. Wolcott. Casliier.
weather just now is about all that could be desired. It is but 3,363— The Fir^t National Bank of Ureat Keixl, Kansas. Capital,
;
$50,000.
Eilward M. Parlin, Pre8.;'|Kobert C. Bailey, Cashier
I
..
July
1
.
THE CHRONICLE.
18, 1886.1
S,2e4-Thi'
»
'
Cnpltal, UlSO.flOO,
United States Siib-Treannry.— The following tahle showa
the rt'ceipts and payments at the Sub-Treasury in this city,
as well as the bawnoee in the same, for each day of the poai
ii«r.
I-'
3.385— Till
8in<'<-i-il«
I'riir, OiinliliT.
1{.
Uiiio
C^ti'iuu. ^l.'ii.iHiii.
Maiii.
viirtli AttlolioroiiRli.
I'liriowii, Pri".;
KilwiinI
I'-
Ihr AttlpbiiroiiKli Niitlonal Hniik.
week:
Imports and Expokts for thk Week.— The imports of laat
w«>ek, compared with those of the preceding week, show an
increase in hotli dry (((khIh and general merchandiHe.
The total iniporttt wore t:T,r>94,0n0, against f6,840,S85 the preceding weeic and $0,819,567 two weeks previous. The exports
for the week ended July 11 amounte<l to $0,041,019, against
$5,484,090 last week and $0,915,587 two weeks previous. The
following are the imi^rts at New York for the week ending
(for dry goods) July 9 iinil for the week ending (for genoral
merchamliHe) July 10 also totals since the beginning of the
first week in January:
Balan tm.
Dry Goddx
Oou'l uier'UlM.
Totnl
Since Jan.
Dry OiMMln
»2.5Sa,017
7,470,451
»2,3nO.»3l
7,061,981
13.
2,133.857 84
1,R4M,93il 41
"
14
l,;iJ7.977 Oil
7S0,0.il
11.
1,0H0,6M<
2::
l«.
17.
1,300,317 71
l,<!iill)7a SI
?,i.M..i24 30 I5ti,()z:i,ii'j to
3,08«,4tt9 S7
2,370,019 77 156,401,551 17,21,214,535 16
Total...
10,9«9,529 10
"
"
91,840,Rn3
5,753,790
9«,858,806
«6l,729.09S
174,906,U47
$8«,746,69
200.878,i39| 182,666.7ti6
$7,591,659
Bullri)a<l
$51,020,570
160,876,40^
Prev. reported..
1884.
1883.
$0,039,319
132,728,582
153,793,387
»6,611.610
172,293,730
SxporU.
ImporU.
Prfknei^
Gtormany
West Indies
Mexico
Bonth Amerlos
All other oouutrlea.
Week.
$272,900
9 562
$8,000
aineeJan.1.
S
$
63,001
5,529,412
5,923
195,6'72
49,213
1,412,991
3.003 O.'SS
707,323
24 IHH
278.431
63,207
224.210
.
Tetal 1885
Total 1884
Total 1883
$8,600
»6.';91.163
955.136
46,72<i
37,708.299
226,079
1,017,981
11,152
$7,983,578
351,473
83,958
210,821
$2,280
$26,612
9,657
13,512
10,728
350
875,049
206.545
409,108
7,458
$36,527
60,676
142.204
$984,908
2.013,088
2,231.489
7,189
$5,489.8.-3
6.«eo.:i:u
4,907,708
Bilter.
Sreat Britain
France
$410,600
10,650
Oenuan,
.
WMtlnilles
8,408
76
Ifezioo
Boiith
America
45.000
8,235
451,124
$174,658
283,391
273,280
$9,089,189
7,173,853
7,300,403
......
All other conn tries. .
Total 1885
Total 1884
Total 1883
03
1885.
Dtcreeue.
$2,141,379
$ >98,50S
l5fl,-,00
29,234, 10;(
1,'
Ino.
00.867
010.126
3,050,108
3,028,061
12,339,871
88,380,705
9,669 642
990,030
$218,530,746
$20J,873,8G0
$10.773,00»
such corporations having invested largely during the last year
in non- taxable securities, the value of which has to be deducted
from the capital of the corporation owning them when assessing
the same for taxation. The decrease in the asjiessed value of
railroad companies is principally due to the reduction in
the assessed value of the capitil stock of the Minhaltan Kailway Comoany, and the decreases in the assessed value of resident and non-resident personal property are the result of
greater amounts of assesse*! valuations of those classes of
property havmg been sworn off by the holders thereof this
year than last.
The ?V?7>MW« reports: "The Dock Commissioners, under th»
existing laws, meet the expenses of their department by the
use of money raised wholly from the issue of bonds. The new
constitutional amendment limiting the indebtedness of cities,
as construed by the Corporation Counsel, prevents the further
issue of bonds until the debt has been reduced. The Dock
Cummi-sioners are unable to continue the work of improving
the water front without the issue of bonds. They applied ta
the Sinking Fund Commission, and that body voted to authorActing
ize the Comptroller to isau« f3,O0O,00O in dock bonds.
under the advice of the Corporation Counsel, it is understood
that he will refuse to do so, and that the question will then be
carried into the courts to decide whether or not the Sinking
Fund bonds are to be excluded from the city debt. If they
are not counted as a part of the city debt, there will be a margin for the issue of $36,000,000 in bonds without exceeding th»
constitutional limitation.
If the Sinking Fund bonds are
included in the debt it already exceeds the constitutional limiThe result of this test case will decide the fate of a
tation.
number of city improvements."
—
Sold
Sretkt Britain
i!u..i7i.,;<i(;
$152,285,081 $141,927,^72 $ll.263,.535
66,250,705
60,748.2!«4
5.504,471
Total
nie following table shows the exports and imports of specie
at the port of New York for the week ending July 11, and
ince January 1, 1885, and for the correeponding periods in
1881 and 1888:
BXrOBTS AND niPORTS OT SPBCIB AT IfEW TORK.
Since Jan.\.
,0
19
-o
The decrease in the assessed value of the capital of insurance
companies and trust companies has been chiefly caused by
Total 28 weeks. $173.308,240 $188,767,901 $105,866,488 $178.93.'i.355
Week.
companies
Total
Bhareholdors of banks
1885.
*7.07.?,10I
$2,744,045
1 ,957,373
28,324,283
10,289,079
92,308.820
10,660,572
Resident
Non-resldeut
XrOHTS FROM HSW TORK FOB THS WEEK.
1882.
I
I
1884.
In our report of the dry goods trade will be found the imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending July 14, 1885, and from January 1 to date:
$0,728,132
160,5S0,11«
.
8,904,003 88
Ininrance companies
Truct coinpnnlos
Mlacell»nnmi« companies....
28 weeka. $a71.959.129;$249.413.453 $230,725.740 $201,905,978
For the week...
K..',.nns.t(IiI
following table gives the
value of the various kinds of personal property for the years
1SB4 and 1685, with the increase and decrease in each case :
1885.
»1.6dl,7I3
5,227,093
117 1 ,0«0,69'>
1,330.785 47
1.18^,171 «•'
New York City.—The
1884.
99,362,015
• 10,152,471
•
OS 2O..17«,7I0 50
"
July 11.
I.
Oen'l mer'dlw.
T>»t«l
1883.
Oummet,
Ooin.
•
roaaioH imports at itbw tobk.
1882.
FaymtnU.
Rtettpti.
Dtttt.
;
For Week.
69
I
Wilmington & Weldon. —The
consolidated mortgage for
by the stockholders has been
$4,000,000, recently authorized
duly executed and filed for record. A sufficient amount of
the consolidated bonds is to be reserved to retire all the
Of the above imports for the week in 1885, $8,112 were existing issues, and the balance is to be used for the conAmerican gold coin and $7,486 American silver coin. Of the struction of the new Wilson cut-oS and other branches, and
exports during the same time, $46,300 were American silver coin. for additional equipment.
The Chicago Pekin A'Southwestem, which was reorganForeign Trade ok New York— Monthly Statement. In
addition to the foregoing tables, made up from weekly retiu-ns, ized in January, 1884, as the Chicago St. Louis & Western, was
we give the following figures for the full months, also issued again in March, 1885, reorganized as the Chicago & St. Louis,
by our New York Custom Uouse. The first statement covers with a capital stock of $8,000,000. The road extends from
Chicago to Pekin, 150 miles, upon which a mortgage of $10,000
tue total imports of merchandise.
a mile has been issued, bearing 6 per cent interest and having
IMPORTS INTO KKW TORK.
—
188B.
JfonCAt.
Dm
Oooie.
Qtneral
Mercian-
Febmarr
.
.
March
AprU
Mar
I
Jane
0<HXU.
a*neral
Merchan-
Total.
iUm.
*
«je».S64
Dry
Total.
\
Mk.
t
10.FOe,800
I0,«14.4a8
10,3i«,ee9
Jaasarr....
1884.
t
*
«
(
11,«ISJ»0S\ 28,457,006
is.B«e3eo
a6.8a6,814! 8»,e07.7O4
IS.ASO^a'il i6.S4S,3aO
11,397,834
lt,Sia,42S
88,173,906
81,384,061
a5.aei.0!Ki{ ss.g48,7a8
32,2Se,481
», 708,203
».5,75«,7S5
ft,248.«»
S5,U0«,4«7
a2.s9s.eao
88.ioi.s3s
«.2T1,SU
«4.703,187
S»,ll74.Stf3;
5,754,403
S.Sla,040
38,7ie,HS8
8S.018,0H6
St>,57;i.030
42,713.480
30,5S7.l«8
38,47 1,22«
31.828,138
Total....' 4».lHS.7(l7tl35.0ge.98ai|84.8HB.O»<i' 88.l78.7»»il7».4a6.737 230.(«O.525
EXPORTS rSOX NEW TORK.
Ibtoi
CUSTOMS RECEIPTS.
MerchanMu.
At Ar«w
1884.
30 years to run. This mortgage retires all prior liens and
covers the rolling stock, which cost the company $891,000, of
which but $305,000 remains unpaid. Messrs. R. P. Flower <fc
Co., 52 Broadway, are offering for sale a limited amount of the
first mortgage bonds at 102 and accrued interest.
—
&
The St. Louis
San Francisco Railway Company has
declared its usual semi-annual dividend of 3J^ per cent on the
first preferred stock of the company, payable on and after
August 10 next. The transfer books of the first preferred
stock will be closed on Saturday next, to be again opened on
August 10.
The Homestake Oold Mining Company has declared its
June dividend of $37,500, payable at the company's office
San Francisco, or at the transfer agency of Messrs. Lounsbery
—
& Co.,
Fork.
Mills Building. New York.
Auction Sales. The following were sold at auction lately
by Messrs Adrian H. MuUer & Son:
11,762,029
l.ms
Honthi.
Jfontkf.
—
1885.
—
Shares.
Jannary
Febm&rr
March
—
Uanuary..
32,718.151
26,792,783
23,715,450
88,538,M0<J tj t'ebrnarr
811,137.314
83.0W<,UU8
Harcb
10.299,908
l0.4S«,g68
12,0<M.81I
11JS77UMS
11,430,780
April
as,8«7,843
a8,S4I.V8ej 84.063.809.
Mar
»,077,7»9
9,920.047
9,M0322
May
JniM
28.633.936
June
9,637,384
9,416,248
«l,164t,ebS
«3,858,U!<;
TOU'
23.83S338| April
89.4O4.02Vi
ll<IB.416.«ia lB0,790,77»i
Total
»,299.X87
I
20 Fifth Nut. Hanji of N. V..125>i
.M..r(lmnti.' E^ch. Nut.
Baiikof
thi-
Cit.vof
N.Y
85
130 ll>iyward Rubiier Co. of
Conn
40
50 New York Prov. & Boston
ColclicntiT,
KR.CO
ICShi
Bond.
$1,000 N.Y.Conntv79.Coniol.
Stock, reg., due
i
J3..
1
41H
& Int.
'
Bomtt.
$2,000 CTty of N. Y. 7«, Dock
Bond, rek-, duo 1 90 ... 1 40 ,t Int.
$1,000 City of N. y. 7s, Dcwk
Bond, rcK.. dUB 1902... 140 Js Int.
$1,000 N.Y.Cdiinty 7«,A»«'m't
Fund 8t<u-k. due
I9(i3
MJ'i&lnt.
$9,500 Dry Dock K. B'way
Buttery RK. Co.
due 1914
6a,
Sc
tcrlp,
109
—
.
:
;
:
THE CHRONICLE.
70
commercial, 13) premium; bank, 300@250 premium; St. Louis,
50® 75 premium Chicago, 25® 40 premium.
The posted rates of leading bankers are as follows :
bankers' ^axcttc.
';l'he
;
VIDENDS.
Ol
[Vol. XLI.
The following dlvldenils have recently been announced
Per
Sanie of Oompany.
cent.
Jvly 17.
'Payable.
Prime oommerolal
Doouiuentarycouimerolal
Railroad*.
AUanta & West Point
July
nUuoi» Central
Iron
92
Mill Crp(k& Mine HUl
Mount Carljou & Port Carbon
6
July
July
July
10
15
15
3
Ang.
July
Aug.
10 July 26 to Aug. 9
15
-'
i;july 14 to
Merchants'
4
July
20
Pacific Fire
6
6
5
6
fl-
Kutland. pref
San
Bt. LtiHts A:
Belmylkill
Fr'isc % 1st pref..
&
S^
NaTiRXtion
V'.illt-y
Terre HauTft
Iiultauupolts
1 Aug. 12 to Sept. 3
Amsterdam
ooper Fire
t
Fhenix
Standard Fire
31s
2
Star Fire
WlUiaiushure City Fire
10
inisocllancons.
PaolflcMail as.
"4
Oil. (q»iir)
1
Aug.
1
July IB to July 31
July 24 to Ang.
2
18S5- 3 P. M.
The Money Market and Financial Sitaation. The chief
topic of interest this week has been the activity and buoyancy
Our report was
in stocks at the New York Stock Exchange.
•bout the first to call attention to the important and substan17,
—
tial
character of the transactions taking j/lace in certain stocks
*nd
as long
ago as June 19 we wrote
move in the market, and what cer
have some unexplained force back of it"
is the contemporaneous advance in Vanderbilt stocks and Wcs^
Shore bonds."
The key-note thus sounded nearly a month ago has Ijcen
the index to the market ever since, and fi-om the present
appearances it would seem that the first recovery from the deep
"The most
tainly
significant
would appear
to
depression of 1884-85 will date from the beginning of this
movement
in the securities
above referred
to.
surmise as to the terms or nature of the
agreements for a settlement of the trunk line difficulties, which
It
useless
is
to
have been accompanied by such heavy purchases of the stocks
and bonds that would be most influenced, but it is generally
concluded that negotiations of some sort have already been
arranged, as the large buyers would hardly have risked their
purchases on an uncertainty. It is quite possible that when
the facts become known it will turn out that the control of
important railroads has changed hands, and that the ncsjotiitions have been more far-reaching in their result than the
mere settlement of a railroad war.
Rates for call loans during the week on stock and bond collaterals have ranged at 1@1 J per cent, and to-day at the same
figures.
Prime commercial paper is quoted at 3@4 per cent.
The Banlc of England weekly statement on Thursday showed
• gain in specie of £383,985, and the percentage of reserve to
liabilities wms 45 J, against 44 5-lG last week; the discount rate
remains at 2 per cent.
The Bank of France lost 3,053,000
francs, in gold and 2,060,000 francs in silver.
The New Vork Clearing House banks, in their statement of
July 11, showed an increase in surplus reserve of $2,293,833,
the total surplus being #63,900,725, against 161,607,900 the
pWFious
w(!ek.
The following
table shows the changes from the previous
•week and a comparison with the two jjreceding years in the
tverages of the New York Clearing House banks.
188.1.
Thtrer'ncesfr'm'
Preoioiis Wetle.\
July 10.
1884.
1883.
July 12.
Juiy
14.
WOfi.fiHl.POO
*-n4,600 $289,817,100 f32'>.83n.30
ll«. -I\lii0 Inc. 2,0HS,50O|
«8,(ilv',« HI
61.M17,,!ii0
9.709.-' 00 Due.
Ciroulatioo
I-28.5:i(>'
i4,'476!ii.ol
l?',.i27.20
Ketdeposllo.. 3S3.7.'S-,70<i [lie. 2,fl5!>.900 2!>!),5,i2,000 327,32fi,70
Legal toudiTH.
4 1,1.2 ^.aO' Inc.
937,300
30,128,400
25,.'i32.40O
IiOaniiaud(ll»>
8j>e<!l(<
.
l<ega) reftervtBeaerre ^eld.
MS.'So.GTo
BiMfpnlii
««3.flO'-,7i.'\
1
9.8i0.4Ui'
*739.<173
3,032,80.1
r.io.
lUti .
fnc
.iil-?,202 S2">
*"4,«8S.0OO «81,831,fi75
98,741,000
90,349,600
fl<2:'.«f53,0O0'
if8,^17.925
Excliaiijft!.— Steriiug exchange was quite dull early in
the
week, and the principal drawers reduced posted rates cent
on
i
Tuesday, when there was a slight increase in the demand, and
rates were restored to former figures on "Wednesday
since
which time the
irket has been quite firm.
To-day the rates on actual l)usiness wore a.s follows viz-
m
Bankers'
Cables, 4
fiO ,i«v»'
86@4
tinental bills
SoiS'r'
'
84}@4 84i; demand, 4 85J@4 Sc'
Coramerciai hills were4 83J@4 83 ConFranca, 5 20|@5 21 J and 5 18i(a'5 181-
sterling, 4
SGJ.
wore
®''*®***
:
^""^
95J@95i-,
guilders,
40@40iand
The following were the rates of domestic exchange on
New
York at the under-mentioned cities to-day: Savannah, Duvinu
par,
sellintr
nuum,
selling
\%\ premium
;
5 18i«
40^8
4058
9588
95
United States Uonds. The activity in the stock market
has left the market for governments somewhat neglected, the
dealings having been light, and prices generally weak and
lower.
The
closing prices at the N. Y. Board have been aa follows
Inleresi
Periods.
On dem.
new VUKK, FRIDAY, JULY
5 20
-
(guilders)
—
On deni.
On dem.
On dciu.
On dcm.
Aug.
4 8613
Frankfort or Bremen (relohmarksv.
Insurance.
Peter
Demand
4 85
4 83%
4 SSI*
—
Parle (trance)
18
3
4
Sept.
Sixty Days
E^mebanliers'sterling blllB on London..
Booki Closed.
(Vayt inelittire.)
When
I
Charleston, buying pariai "pre^
Orleans,
8-16®i premium; Boston, par; New
4>98,1891
reg,
1891
48,1907
49,1907
coup.
4>«9,
reg,
ooap
33, option
U. S
reg.
Gi.cur'oy,
6i, onr'oy,
6s, our'cy,
63,onr'oy,
68,cnr'ov.
'do
'96
'97
'98
reg
*
This
is
reg.
reg.
reg.
*99.. .ret?.
July
July
July
July
11.
13.
14.
l.i.
.-Mar. 112% ni2% 112=8
.-Mar. *112?i •l)2Sli* 1125«
;.-Jan. n22aii 12258 12238
.-Jan.
122% •12258 12238
.-Feb. 103=8 lOSk- 10338
*127i4
12-1,* 1271*
& J.
& J. 129i« *129i*< I29ie
*131i6* 13 1%
*131is
& J.
& J. •133% n.33i8* 13318
& .T. *135i8 '1351J.I 13518
.
.
.
.
.
the price bid at the morning board
State and
:
July
16
July
17.
11219
11238
'1121}. 11236
12218 12230
*122i4 122's'
*10338' I03I2
*127l8 12718'
•1291s' 129%
*131l8' 131i«'
112=8
11219
I22I4
I2214
10338
12718
12910
1311a
•133 ig' 103 ifl 13318
*135i8' 1351s I35I8
•
'
'
no sale was madn
— State bonds
have been very
|4, 000 Louisiana 7s consolidated, ex-coupon, at C6i-C6J^65; $1,000 Alabama, Class A, at 91; .|7,000 Tennessee compromise bonds at
54}; $5,000 South Carolina 6s, non-fundable, at 3J.
The market for railroad bonds has followed that for stocks,
and dealings have been quite large and prices generally strong
and advancing. The prominent features are still the Eric; 3ds
and West Shore 5s, both of which have been very actively
dealt in at advancing prices.
The former close at 57f against
54 last Friday, the latter at 39 J, against 37i; Missouri Kansas
& Texas gen. 5s close at 64, against 63 last week do. gen. 6s
Railroad Bonds.
dull, the only transactions
for the
week being:
,
;
at 77J, against 75J; do. consolidated 7s at 113J, against lllj;
York Chic:igo
St. Louis Ists at 82J, against 76; Texas
Orleans, Sabine Division, at 87, against 81 ; Texas
Pacific Rios, coupon off, at 51, against 48^; Oregon Short
Line 6s at 93 J, against 93f; Denver
Rio Grande Ists at 105 J^,
against lOlJ; East Tennessee 5s at 50J, against 48.]f; do. incomes
at 12i, against 11; Mutual Union Telegraph 6s at 74J, against
New
& New
&
&
&
70}.
Railroad and Miscellaneons Stocks.— In the past two
weeks a decided change has come over the temper of the stock
market, and the dull and weak tone prevailing generally for .so
long past has given way to an active and buoyant market, the
transactions being larger this week than we have had in any
previous week for some months past.
The whole list has been
lifted from its lethargy, and pi'ices of many stocks vigonmsly
pushed upward, .so that the result shows a decided gain in
nearly all the active gtocks, but most conspicuously in the Vanderbilts and grangers.
The advance for several days was
almost uninten-upted, no reaction of any importance having
taken place until Tlmrsday, when, after a very strong market in
the foi'(!noon, ))rices gsive way, leaving them at the close very
near the opening figures for the day.
The rise is more noteworthy from the fact that it has been
accomplished without the positive announcement of any new
facts of importance, and
that it has been based primarily
upon the pending negotiations for a settlement of trunk line
affairs, the terms of which negotiation have not been made
public.
In f;tct, the mere rumors alone could not h.ive lifted
the market, had they not been accompanied by heavy buying,
evidently for strong parties.
It is premature to guess at the terms of proposed agreement
before anything is definitely announced, but the Street unquestionably believes that important contracts will be perfected.
Aiiothcr rumor has been to the effect that .Mr. Vandei'bilt himself has played a prominent part in the bull movement, and has
been a large buyer of the stocks of his roarls.
Next to the Vanderbilts in point of strength are the grangers,
which have been vigorously bulled by Chicago dealcis; but
though these conspicuous points in the speculation are cited,
the rise has been general throughout the list, embracing Lackawanna and other leading favorites to some extent. Thi-re has
been some increase in outside buying, though the bulk of transactions has been confined to the large buyers, and to the frequenters of Wall Street who are always ready to follow a sharp
movement in stocks.
The strength of Pacific Mail was checked, under the impression that the recent loss of one of the company's steamers would
necessitate a reduction of dividend but when the usual divi;
dend was declared later, on Wednesday, that stock advanced
again slightly, though it has at no time been as strong as the
principal speculative stocks.
To-day the market was only moderately active and barely
morning, but afterwards became strong again,
and prices advanced sharply, closing a little ofi from the highstea^ly in the
est point reached.
July
V
..
.
1
71
NKW YORK STOCK EXCHANtiE PRICES FOR WEEK ENDINU JULV
aioaxsT
STOCKS.
ButuriUy,
130
July
l5.
Juty
n-.'»
—
Jorsoy
i.vv
AL
*0
»(>.<
Intprot....
iJu
Itilprof..
I?" ly
North western
Do
y
13S ISHSi'
IZTHilaH
7-J', 73 "4'
30 U 40 U
81»4
81
Do
Paul Minn.
f^t.
Cleveluiiil
Oolunililii
•4
TaciHc
Dnbuquo
stoiix
tt
1271^1
7.'53i
93»4
81
11^
"fie"
Qa
14
&
loiltsrill..
line 4 p.
.ft
ot.i
f
Ohio.;
.t
Manhalliiti l*iMi:h Co-
I
2
4V
400
715
•i't
6
31
I
aSV
77V
SiV
35
23
23
'?fl'4
78V
30
toov
oa^^
97>i
V
".J
31
125 '•J
50*4
"12^»
Ilia
55
'4
'7'u
]
123
98",'
3
127''j
.SV
3>4
6
'4
5*4
fro
Northi-rn Paclllc
co-v
*7a
23-,
j
".J
WHi
'2 J
93 Si
83 "a 33 "a
128
621a'
70
24
93 "a
ei'',
•75
37
'4
•2.1
«
93
'i
[
00
67
"li"
"u"
29 Si 29 'i
18 Si 19
90 'i 96 '(
•3>4
•3
lOSi
2',;
5'4i
11
173,
92
*.>
6Sl
50
56 Si
51; Sj
13 S>
V
29','
13^4
2934
Hi
20 Si 203,
184 Hi 180
7^4
127»4 129
9"^
9>a
J'*
-
Kea.llne
Wayne
I
9'i
2
.i
Si
29
18^,
19
98
8H1
91
3913
>8
2
"750
850
995
1,100
250
110
13
501
633
290,Ok2
832
123.975
1.900
2,1117
17»8 18's
41
420,1
'90
I
20V
2
1134
*20
"(i
16'^ 10',
lOSi
41
1,
Ol'l,
'40
94
2 Si
2^
a
92
12
y
92I4
11=4
92 14
23
25
12
',!
2 Si
OHi
•0
I8H1
"iiu
43-18
42 Si
lOSi
Hi!
17
8
8
133<
13'4
10
13 14
10
16
14 14
101,
11 Hi
14',
1334
O's
I4I4
143,:
133,
153,
93,
9'«:
isi«
lo
14
llHi
13
1,000
70,980
11.105
2
14
9.377
Si
1,140
•91
1134
00
121.
•19% 20%
9>4
2%
0%
8',
•2
'0
9
2%
6%
17% 18
18%
12%
%
17'a
17
14
im
103,
143,
133,
1)%
14
11
*14l,
%
173.
3%
15%
11',
143<
131% 131%
.t C'hio...
40,843
25
100
1
51H>
21
Si
3
j
A
Do
F
,3334
A
2.1
Mav
.
7,
:i3
;
Apr. 7 12% i..,. .
8 Jan. 13
Apr. 22!
12s Jan. 2 139% June 8
15% Jan. 2 128', Jolt M
613, Juno HI 77r„
102 Jan. '28110',
HI'S Jan. 2 99
1934 Jan. 2 134
i-.ii. ."i
105 Jan. 2 118% Jnlyitf
0% Mar. 31! 9 Mar. '''
14
K.'.
July II 19
18% Apr. 21 29
60 June 8 91%
23 Apr. 301 38
134
Jan. 31141
M..y
11% Jan. 9. 20 Jan. 27
82", Jan. 22 1«9% Mar. 9
13„Jiiii«25' 10
Jan. 13
55 Jan. 0' 03 Fob. 12
23, Jan. 15
I'SMar. 10
8
4%Jiinell
Mar. 3
37% Jan. 10 62 Mar. 20
3 Jan. 0'
6 JiinelO
190 Jnneinawi Mar.2l
It
Mar. 26 30 Jan. 11
119% Jau. 17!l29 July 17
81 Jan lOi 90 July 11
7% June 9 11% Fob. 21
l-sJulv 8 17 Fob. 21
51(3, May 12
67', Feb. 2..
02 Jan. 2 773, .Mav20
22 Jan. 16 39% J Illy 16
11% Jan. 6 27% Feb. 20
05 Jau. 13 9734 JuneU)
111% Jan. 3 18% May 19
27%J,'vn. 15 44
Mar. 7
90 Jan. 2 123% June 2
10% May 71 61% Feb. 21
30 Juue 1 313, p„i,. 26
10%Jan. 20 14% Jnlvl7
7
,
5; la
2IH1
3
19
32
21 Hi
234
•181a
52
23
3*4
523,
53% 51
22
22''8
2
2-,
'a
20
20
213,
18
•10
•20
•82
24
17%
30%
223,
1,200
1,793
22
•2',
2',
San Francisco
Do
pref..
Istpref.' •82
Do
St Paul .t Dnluth
prof
J>o
8t Paul .\Iinniap. Manitoba.'
Texas ji Pa.:iac
0nlon Piioinc
Wabash Ml. Lnuia<ft Pacific....!
18
31
84
400
21% 21%
83
"i
30
31
83 Hi
•83
84
±
90 Hi 100
|
Do
12
6II4
99 <a 99 Si
12 V 12 -I,!
62
6314
laHi
02*4
900
12 14
52',
1234
5334
12-%
8214
u
•33,
•7
•3%
RIIS<:EI.I. tNKUlI.>».
Americin DisuTol
American Tel. .fe (,:able Co
[
Con84Ui.iaUMl
Has Co
.
62
62
01
Hi
01 Hi
10%
lOHi
11
9114
77^
78^^
II
9414
78Si
...
Xtelaware .V Muflsoii Canal
Oreiritu liupniveiuont I'o
.Vav. Co
Oreirou itailway
j
A
7,1'a
1
Pacllic. Mall
I
Pulliuun Palace CarCo
Qaickstlvur .Mininir Co
I
I
Do
pref
Western Union Telegraph
R.\I'KEH«.
49
llOVllOSi 119
4734
3'a
62
,«1.S7
Amorlonu
05
I
Co
lN,%l,"riVK. NTItCKA.
Atchison Toi.fka .t 8ant» Fe.
.t Alt.Mi.
,t
3'al
3334
81
88%
993,
la-'s
993,
13',
53 '4
4
52
53
'4
•3%
4
•7%
9
%l
90
02
20
62
11
11'
111,
94% 91%
79% 7934
70
01%'
80 ',1
11%
91
94
79', bl
49"^ 60
74%
47%
61% 01%
%
99% 100",
13% U
62% 63%
-3
•0%
4,300
29,430
82,327
4
9
71',
49=,
119'4ll9',t
119
3%
33,
26
033,
it
62
•%
1
02
1,174
1
ll-l,
iiiVo'.'i
9.1
OS'^
1,403
13,310
70% 80%
•'10
64%
7
I '4
74% 70
74%
49% 50%
48
•3
3%l
30
03V 04%
20
64
SO
89.585
3,974
4
205
'118%119%
119% 120
01 '«
0334
1,8.S3
30
03
131,778
6213
'lOS
138
93
143
95
110
I3.S
138
05
•93
109
I
109
143
•138
95
91%
51% 52% •51%
52% 52%
5a'-a
I
108
110
I
10S3,
'138
143
53
113
95% 93%
01'4
I
52
109%^108%
53
110
i
.
Df
'a
I
I
:
21%May29 30% Ju'vl7
14%Jan. 22 2.t% Jnlyl7
80% Mar.21 98 July 15
6
9% Fob. 23
Jnne 6
l%.May
4
.Mar.
81% Jau.
9% May
5
23
2'
5% Jan.
92% July
m
8,
934 Feb. 17
U
18
12
123 ',,141
33
1
33
803, Kin %
03, 26'%
62
3
43,
82
H%
14%
30
61
183
200
51
140
86
8%
•20
110
70
9
6',
59%
02
'22%
10
20%
1934
1013,
78%
61V
35
64% 79
10
23
85
513,
31
7%
17
9%
63%
0%
24
40
106
94%
4434
18%
36 V
23
100%
13
10%
4
7% 20
94
11% 28%
20
71%
8S
10
Oi
8
30
8
175
2
6
7
13,
2-<
4%
20
23
17
14
17
17
2
14
9
19
27
17
17%
184
16»4
6
18
43
27
37% 57 V
1
4%
111,
26%
45
90
11=4
34
34 V
173,
27
16', 60 V
2
119% Foil. 17135% Juno I'l 119% 135
1'20
Mar. 9 129% Ait. '20
130% Jan. 29 1433, .Hay 21 138" 146%
1
3Iav'22!
2% Jan. 17, 2% 5
61
41'sJan 19 61 .Mar. 9, 32
.33
183, :m,iv '29 20 % Mar. 1
12
2'', Mar. Ill
4
Mar. 6
I'm 16V
24
Fob. 20, 14
10 June23| 19
60
13 Jlay 1 23 Feb. iHi 18
8»4
6%
17% May
30
79
21
77%
Kob.
79'4 Jan.
9%
41
2
Apr.
Mar
V
8
80
06%
21
.3934
24% 60
70
15
96 H»
90^
83
Juni"'2i)
65
2 101
8 14
Jiin.-2l
70% 99
5% 32V
28
84V
July 17
63", May 23
21
Apr. 30|
6% May
10 Mar 23
51
96
11% 29
Feb. 23
81 21
Apr. 30' 393, Jau. 8
Mav 12 87% Jan. 10
Fob. 20 21
Feb. 27
5% Jan.
14
7
Jau. 12,
25
Juno 6
4
1934
9
33
Jan. 27, 62'% JunetO, 49
61V
Juni •2!l
4 Jan. 8
I
127V
17%
Jan. 3 1334 Feb. 2l|l 7
Mar 21 99% .May 28|'
67" 114
Jan. •22 80% .\|.r. 15
83, 66%
Fob. 2il,
Jan. 3 31
Jan. •29' 77
Apr. 30, 60>, 113
4634 Mar
107% Jan.
21 62'%Mar. 9,
2 1'20
Ma.' 9,
43, Mar. 30,
00
Jan. 30
July 17
20
49
3% July 11
223, July 10 .30
63% Jau. 2, 65
10 ISO Jau.
140 .87% Jau.
231
48 Jau.
102 104% Jan,
6634
147
20
Cleve.
DenvorClty
Y'.irk Klovalo.1
tJnit*'! Co's of
Jersey..
VirK'iiia .Midlaml
New
Warren
31
33,
87%
117
6%
34
78%
180
15
IS
16
600
'oal
New
.:
July 10 r26
97% May
65
115
4
Apr. 7
Juno26i
May 281 78 Jan. 8
Mar. 19
May 13i 22^ Fob. 27;;
Jan. 29 152
I
1.37
87
103
45
98
116
02
61%
80V
162
142
•23% 24
14% Jniio23l 1J% Jnne23
5
B
2% Fob. 231 6 Fob. 17
22% •Mar. 41 26 Mar. 17 19% 3i
122 Jan. 22 145 Mav 12 116 ISO
185% 193%
May 26 190 M.iy
196
13
21
100 16 Jan. 10 IS Mar. 3
123%
116 Jan. 19 118 Apr 2'. 121
40 Feb. 13| 40 Apr. 15 39% 40
,...„
Bomost'ike .MiiiinirCo
141
'.'H,
16
119
Central Coal
Ontario silver Winln(f.."..
1
1
1
113,
.v IJ. s M.>luc<s
1^ .Missouri Kiver..
Cant.in Co
CoDsolnlation Coal
1
]
;1(M)%I120'4
6
13%
i
''1
110
E/Oniaiaoa
'
030
30
600
.30
llOHl 119
•3
03% 61%
Ol'C
31
20
C3
23 Hi
74 Hi
50%
31
i;206
3,133
pref
Ctncliinati .-^aii'lnskv
Fort Worth
49I4I
70',
I %
I
Adams
Unlteil .status
Wells. FarKii .t
2:lia
19 's
12',
I
I
18
20
02
I
Bankers' .'t Meii-hauts'Tel
Colorado > °oal A 1 ron
24
77% 77%
99% 99%
17%
83 4 83%
77% 77%
84
77% SO
09% 99%
pref.'
•13
81
l'.i734
1
70
17'a
31
I
11(7
1
pref.j
3(
«%i 17
118 1140%
I
291
34 Jan.
Juuo29l 30 Jan.
Jan. 17 22% Apr.
17.3
M^.
M^y
Jan. 2 190
. 1,750
034 Apr. 11 12%Jaji.
13, June 2
3
Feb.
4', Jan. 27
8 Feb.
400 14 Julv 3 2334 Fob.
9, 4110
13 Jau. 17 19:1, July
33,103
36% Jan. 29 44 3, July
538
%Juue 3 13, Jau.
3,300
10%.May 41 19 Jan.
71
Julv 91 71 Julv
330
7%Juue2ll 12 .Mar.
14', .Mar. 21| 21
Apr.
42,115
103, Apr. m; 15%.Iiilv
7.310 73, June 9i 13%F.'b.
6,500
13
Vav 29 10 Jan.
200
700
210
Sarutopa
.t
M
189 1113,Jan. 2 12B Julyll 113 127%
58
30
33 Jau. 71 42% Feb. 27
961, 229.739 813, Jnue 1 901, July
83% 122%
1
4
8.80
"8%
13=8
30H»
2OH1
97 Hi
8
O'^e
%
,
670
185
Sa,
•2
8»4r
111..
120
["123
l.S
•%
lOHi
41
•
42
'\i;
17V
Si'
17
17
I
17',
l«',l
!2i"i
2'«
•2
Si
42
29
4,710
13'4
29',
19=8
97 ',1 97
8 i*
135
OV
17
41
90
3,200
68
185,
'4
5Hl
SH,'
•3
"58",
97',
'8
9
,-123Sll2fl
2^
20 »,
333,
I
•5
'6
i
•
278,918
4,180
'1'25
13",' •IS'i
2034'
29
07
9734J
120
39
31
31
125
67^4'
57
18^ 18 'j
10
Blob..!' .vllcK.. srock trust ctfs.
61
Blolun.ni.1 .1^ Danville
Blohni'il .t Wost P'ntTorinlnall
"«2ai
BooIiOi-i.T * I'itt^bnrK
Bome Wal«rt.>wii <t Oi^tlensb'K'
Terre Haute
6t. Louis Alton
Maryla'iii
000
6,980
ll,'/73
lib
II
!
117.078
special.
Renssebior
New
1,8:13
1,423
9',
61 's 07 Hi
74
71',
371^ 38 »i
•23
25
95 '4 93 '4
07 "a
71 'v 7.»
37 '« 391,
23 a 23
93 '4 93 14
V
90 Si
8',
,
17'8
13
•89 Hi 911a
ll-Hl 12
...
'8
i.^.continontAi...
;i.ft Kv.insvlll6..
k
50 Si
&
414
127 '9 128
65 .«
70
39
2a
8H1
5>a
6^
''
I
90»4
17'a
Une
fl.
350,210
3,171
3,288
''<
?'••
Low.
I
4\
9.109
2,270
6 '4
50
fiO
prof
PL.
'i
192 Silos'-;
84
33
125
33 "a 33 "j
•125
'
125
39
40 Hi 41
pref..
Ohlol'Boual
OUo.l; Mississippi
p.
23
77', 82
a
4V
•3'a.
31! >8
«
2",
•5
{
t
»8^
131
131
117'4 117».
-5
18
10
0'4
fiO
I
23
85
127 <a 138
3>a
23
!l
88 Si 9 1 '4'
New Y'ork Suaq. A Western ...'
Do
prof
*lo^
Norfolk A Western, pref
^
14
3(j'>4
3H
R\>
48
4>4
"a
I
'
Ot
07
21
'4
87
G
47
•7
9
123
25
25
Do
pref.
NewY*ork .t New Eniylana
New York New Haven * Ifart.^ 185 180
New Y'ork Ontario A Western.! *7U 7
Do
3
61
<%
New \'ovlt (.'.Mitral
New York CMC. Jl
pref.!
Do
Kew York Lnck. A Western ..;
New Y'ork L.ako Erie .t Wesfn;
Oblosonrriprn
127»,127'',
73', 77',
110', 110 s
03'^ 101
fi<3
I
I
2fli.j
st.Loal,'
& llmlHoa..!
.St. L011U...I
Keokuk
75',
i
47
49
ibH
IS^a
Kflsox
Naehv.t 'hattiUMWfra
Chlcaeo
23 '4
2
00
70
76
3.51, 30 ".i
22 a, as
9j>4 03
93 '4
ItobllBi Ohio
Louis
4^
190 190
25
30
2.i
127»,127'^ 127'al27"a
00
90
31
•125
atoil
MlohltTi"! ronliitl
St.
»",
!
Mil. L. .^hort'.'i VVest'rn, pret..
Uliineaiiulls it St. Lould.
Do
pref..
SUssourl KansajiJ^ Texad
Ulasoiiri P;u'lrtc
Do
11,2011
*»Sj
9
I
.
l.'i
23',
We«t'n
I
'"nrltm.
— il—
934 3la'r.23< 11
Fob. 18 I3'>
7
31
Mar. 23 41'..,
24% Jan. 31 30
3
03,
Apr. 7
23,.'-,00
5
U
IB
7(i»4
'24
577,
F.l
40
o.ydi
9,207
10
•l>.i
I
•S
•35
3'«
*4"4
Western
Metri)|..iUt.(n
34^
1889.
1,
.",
01
46
Uauhjiti:tii KloviitfMl, cuDHol..
Piltohmx
Do
I
St. Paul.
.t Nashville
Ni'W .\lh:»ny
Xjoolavuie
Oi.
11
••.
ZjOUR Uhvilll
ji
•13
23",
71
73 4!
33 Hi at
—
leiiAP<l
.e
St)
am
»1>«
IH
»
23
Ijakesiiiire
Morri.H
II
4',
.&
iDdlaiiii lllooiiilnKt'u
Ijake KriH
;
It
Texna Central
Do
4OV1
44<a
3 1 Si
20'.'
in
22 "9 22 w,'
73 S» 7:1','
33
33 S,
Terre Haat«
llUnot^ C'entnil
89
4>«
JHi
•H
44 ^
33^4
'0
(.'Ity
Wiiiuiia
^ft
3.1^4'
7.^Vj
pref.
Hay
Qreeii
44<4
38*4
I
40^
aiu
41
[
t2H
pref.
Barleni
Hoaxton
10 124
151 8<
67
137
pr«f.
A Om.
Do
.«
10
HUkt
I
T.
tt
XaaCTeiiueHHee Va.
BTansTille
4U>g
Si's
hi
138
I
Kiotiniutle
.ft
33-^
•11
',
I
tlrocnvllle, prot...|
Delmwiiro I.(uckii%vaitnii& West-j
DeaviM'
4mi
II
1 Si
1
Indlnimp.i
IMtlnburir. K»ar...l
.t
.«
10
81
188&.
1,
RlK»Mt.
I«ire«t.
li.
O.-.V
1
....
Iio
derelniiil (rol.Cln.
4
8
SO<ii
OtUCHXu^t. LouiaA FlttsbiirK.
Cblcaxo
July
Itf.
la7',12^'4' i27i\ii2av n?^!?*
->;<» 77\
71', 77'.j
73"(.
70
7;v
IOSI4 lOHS. lO^Si 109
lli:M.jloili'4' 109^1 I09-'4
loa 110
11.-.'^
97 '8 09
Ul
U3'4 01
lU'al
UlSl UOSi
y-l't'
I2i'4 law's la'?', 120^,' iau», 12.13, 1
130^4 130^4 131
lis
117
113
113 118>4
118
117'a 118
I
pref.
A
t>4lnni\
.•
5
.
pr«f.
I.O
OhlOMtfo Kuck
31
41V,
8
CtxlcnxoA Alton
OblcuKu HiirhiiKton .t Qiilucy.
ChJuiKo Mllvnukve.t St. I'niil
.t
I
OlllO
.1.
Cblcaxo
to.
130
4&
32 >3
JAN.
itanKsMUtrnJun.
No,
.MtunoaoU.
A^D 81«CE
«l»y,
I'ref.
.
IT,
i-:h.
Tu.
July
MoUUrtV.
July U.
RJtII.HOAIIrt..
<
1 ,
THE CHRONICLE.
18. 1883.]
(.
1
34
These are the prices )>I(1 4od Mked: no ule was made at the Board,
-St
6
S
34
34
200
80
19
10
Feb. 9
Jan.
30
fl. 3<
7% •\1'jir. 6
4% May 27
17
Keh.
7
80
Foil. '27
16
Julyl
8
7
1
26
I
25
F'b. 23
M.ir.
Mar list
18
8
7
33%
6
10
>»•>
14
11
16
——
11
.
.
.
—
—
VV
.
.
OF STATE ANU RAILROAD BONDS.
©DOTATIONS
^
STATK BONPg.
8K0UBITIE8.
OUm B, 5s, 1906
91V
92
102
I
OUmC,4s, 1906
e«, 10-80*1900.........
Alkansaa— 68, funded
71, L. Bock * Ft. s. IM.
it, Memp.<t L.Rock BR
7»!l.r.p.b.*n.o.rr
1», MlBH. O. * R. B. BR.
104
S
12
12
12
12
Arkansas Cent. BR.
102
Oedrrla-«B, 1886
10
[Vol. XLI.
102
111
SECUBITIE8.
Bid.
Ei-matnred connon
Missouri— 68, 1886
6a, due 1889 or 1890....
Asyl'm or Univ.. due '92
Funding, 1894-95 .....
Hannibal 4 8t. Jo., '86.
New York-68, reg., 1887
i
114
101 "a
104
113
116
117
30
10
Ask.
& W.—Contin'd—
& Essex— Ist, 78.
SECURITIES.
Ask.
V
126 V
125
N.Y. Lack.& W.-lst, 68 123 125
103
Construction, 58, 1923
70 V Del.& Hud. Caual-lst, 7i 113V
Ist, eit., 78, 1891
il7'
Coupon, 78, 1894
Registered, 78, 1894 ...I --Ist, Pa. Div., cp.,7s,1917 ;136
*136
l8t, Pa. Div., reg., 1917.
Alb.&Susq.-lBt,78.... 109 110
2d, 7s, 1S§5
\91*, 1U3V
...
Ist, con8.,gnar.7s,1906 130
*-.-116
1900
OS,
Ist; con8.,gu.,
99
Bens. &Sar.-lst.cp.,7s '140 ....
140
71»4
1st ree 78.1021
Denv.&KioOrVlst,1900, 106 107
()», 1810,
88,I*rk.Br.
...
Mlnn.ASt.I..-lst,78,gn
la City & West.— 1st, 7a
C. Rap. I.F.& N.— iBt, 68
106>a!l09
47 >4 48
47
V
7s,
Bid.
1911.
—
40
80
45
60
6s, new,1866
i
6s, consol. bonds
68, ex-matured coupon.
6s, consol., 2d series
Bs, deferred
District of Columbia—
116V
Begistered
Funding
58,
60
.....
6M
3.65s, 1924
iio'
1899
'124
69, 1909
Coupon,
58,
1931
Penn.RR.— Contlnned—
—
Registereil, 58, 1931
Jaok.Lan.cS Sag.- 6s,'91
Milw.* No.— 1st.
l8t, 6s,
88,
SECURITIES.
Ask.
..--
i
Ist, consol., guar., 7s..
A No.— 1st, 5s
.
Ist M., 78, ex-cp.,6,7,& 8i 35
140 1140 V
Mich.Cent.— Cons.78,1902,*124 125
'116V117
•107V
121 >«! Consol., 58, 1902
1891
Bonds, 78, 1900
78 of 1871,1901
Pac.— Ist,
f
consol'n 68, 189o
Mex. Cent.— Ist,
2d, 7s,
AtcJi.T.*8.Fe-4>38, 1920
Sinking Fund, 6», 1911.
Consol., Ist, 6», 1934
'
Bid.
Morris
Bnr.C. B»p.
non-fnndable, 1888.
Brown
Tennessee— 68, old, 1892-8
6», new, 1892-8-1900
47 V
64 U
40
C'mp'mi8e,3.4-S-6B,1912
Virginia 6s, old
BAHiKOAP BONPS.
8ECCEITIES.
Del. L.
(Slock Exchangt Priea.)
—
18
Do
109
lis
-118
8E0UBITIB8.
Tennessee—Continued—
68, new series, 1914
4
Wil.C.&Bu.B. "87"
88
Consol. 48, 1910
111 114
68,1919
103
OMo— 68, 1886
South Carolina—
8s, Act Mar. 23, 1869
ioi'ii
68, loan, 1892
68, loan, 1893......-^.N. Carolina—68, old, J.4J.
gnndlng act, 1900
Bailroad Bonds.
BaltaO.- Ist,
New bonds, J.&J., '92.8
Special tax, allclasses..
17, 1885.
Ask.
Bid.
N. Carolina—Continued-
77
Lonl9lana-78, •wnB.,1914
JULY
SBCUBITIES.
Ask.
Bid.
6e,loan, 1891
7«.
7a. 1886.
7a. Kold, 1890
8KCUBITIK8.
Ask.
BIO.
Alabama -C1*M A, 1906.
&
——
1
THE CHRONICLE.
72
Ail.
)
1910
92
1884-1913
Pitta. Ft.W.,tC.— lst,7a
PittM.Ft. W.AC.— 2d,78
3d, 78, 1912
Clev. A Pitts.— Cons.s.fd.
4th, 8. fd..6s, 1893....
St.L.V.AT.H.— lst,g.,78
2rt,7s, 1898
2d, guar., 78, 1898 ....
Pitts.
Pitta.
Mil.L.S.&W.— l8t,68,1921 104 V.
Mich. Div.— 1st, 6s, 1924
Cleve.A Tol.— Ist.Bs
June— 1st,
6s. 1922,
.
Pittsb.McK. A V.-lsLOs! ...
Borne W.A Og.— l8t,7a,'91 '110
Mlnn..t St.L.— l8t,78,1927
Con., lat, ext., 5a. 1922.
Iowa Ext.— Ist, 78, 1909
Roch.APitt.— lat, Bs, 1921
1891
Consul., lat, 83. 19221...
S'thw.Ext.- Ist, 78,1910 112 112V
Ist, 58, 1921
Blch.AAlleg.-lst.7s,1920
Pac. Ext.— 1st, 6s, 1921. 105
68
Cons.,
P.—
Bnir.N. Y. &
77 V 77 V
Trust Co. receipts ..--.-', ,
Gen'l,6s,1920
T.—
Mo.K.A
General, 68, 1924... ,
63=4' 64
Blch.A Danv.—Cona^g.,6a 102 V,105
General, 58,1920..
Can. So.— Ist, Inu guar. 5b
113 113V
Debenture 68, 1927
,?2,
Cons., 7s, 1904-6-6
64
2d, 6s, 1913
67
Atl.ACh.-lat, pr.,78,'97|*113V
Cons., 2d, income, 1911.
92V ......
Beg., 58, 1918
'90
108
Incomes, 1900
1st,
6836
Mo.—
5S3j
Cent.
*
H.
1st. consol., 78, 1910. .. .
Central Iowa— Ist, 7s,'99
7b.
40
lat,
cons.,
107
Val.—
:,-;-,•
Scioto
Mobile * Ohio— New 68..
Deu.So.I'k.&Pac.— lst,7s.
£ast DlT.— Ist, 6b, 1912
St. L. A Iron Mi— 1st, 7s. 115VI116V
433,
6s, 1S92
trust,
43
CoUater'l
1
RioO.West.—
8t,0sl
Den...t
108 V 10S>4
lU. Dlv.— Ist. 6s, 1912..
1.S97
1927
2d,
78,
Extension,
68,
63
1st,
Det.Mack.ifeMarq.— lst,BSi
Chesapeake & Ohio—
Arkanaaa Brch— 1st, 7s 108
Morgan's La.A T.— 1st, 68 95 1...
Land grant, 3Vs, 8. A.. J
Pnx. monej' fund. 1898..
107
...
Cairo A Kultou— lat, 78. 106
Ist, 78, 1918
E.T.VariSa.-lat.7s, 1900 •112
68, gold, series A, 1908
119V...
Cairo Ark A T.— Ist, 78. 104
St.L.—
l8t,78
49^4
50
V Nash.Chat.*
l8t, cons., 58, 1930......
7S>*
68, gold, series B. 1908
Gen. r'y Al.gr., 58, 1931
2d, 68,1901
Ex coupons 9 to 12
68, currency, 1918
>io4vl!;!
H.-lSt,7a •JllS
St.L.AltonAT.
1887...
93
Central—
68,
Y
N.
1930
Divisional 5s,
Mortgage (is, 1911
1894
106
I...
pref.,
78,
2d.
5s
ext'd
certs.,
Dob.
t'i.m,
Eliz.C.& N.— S.f.deb.,c.,08'
•99'( 100
Ches.0.<!i8.W.— M. 6-e134V 2d, income, 7a. 1894 ....1 *114
60
...1*N.Y.C.& H.— lat, cp., 78
Ist, 68, 1920
Chicago & Alton—
Bellev.it So. 111.— lat, 8a
'134V
85
86 V
Ist, reg, 1903..
Eliz.l.ei.& Big Sandy—6s
*111^
1st mort., "8, 1893.
105Vi
Man.—
l8t,78
St.P.Miiin..t
1904..
125
5s,
Deb.,
Erie— 1st, extended. 78...! •109
Blnkmg fund, 68, 1903.
114 1143»
140
2d, 6s. 1909
Harlem— Ist, 7a, coup ..
2d, extended. 6s. 1919
I4l. & Mo. Kiv.— Ist, 78,
137 139
Dakota Ext.-6e, 1910.. 113=4
Ist, 7s, reg., 11)00
3d, extended, 4 Vs, 1923. •lOB
2d, 78, 1900
109=4 iio"
12'i
68,1933
conaol.,
|123
7s,
1906
lat,
no9V
l8t,
N.Y.Elev'd—
4th, extended, 53, 1920.
Bt. T,. Jack. & Chic— Ist
1st, consol., 6s,reg.,1933[
N. Y.P.&O.— Pr. rn. 6a,'95
...--- •107 V
6th, 78, 1888
lBt,guar.(564).78,'94 *119»4'.
'.'.'.'.'.'X'iOi'
1st, 68, 1022i i08V
Un.—
Min's
Gen.,6s,1910
lis
N.Y.C.&N.—
1920.
gold,
78,
Ist, cons.,
2d, (360), 78, 1898
40
St.P.A Dili.- lat, Bs, 1031 104'
Trust Co. receipts
Ist, cons., fil. coup., 78 ..
2d, guar. (188), 78. '98
80. Car. B'y.- Ist. 68, 1920i
N.Y. * N. Engl'd— 1st, 78
Beorg., Ist lien. 6s, 1908
Mlss.H.Br'ge- lst,8.f.68
*76
2d, 8s. 1931
1905
114V'.
68,
1st,
7a.
b'uds,
Dock
;93
Long
Chic.Burl.A Qulncy—
60
Shenaiid'hV.— lst,7s,1909
12,3*
68,1921
N.Y.C.48t.L.-lst,
BuCN.Y.&E.-lat,1918|
133'al35
Consol. 7s, 1903
1921
General, 6s,
2d, 68, 1923
N.Y.L.E.&W.-New2d6s 6b V
08, sinking fund, 1901..
39
So.-lst, 5a. old ibo'
B.&
Cp.,5s
Sodus
Buff.1922.
N.Y.W.Sh.&
iosv
ibs's'
6s,
Collafltrusf,
es, debentuies, 1913
Tex.Cen.— Ist, s.f .,7s,1909 60
Begistered, 5a, 1931.
Buff.AS.W.-M..68,ly08 ,.-...
56"
la. Dlv.-S. fd., 68, 1919 108
60
lat, 78,1911
99
Sinking fund, 4s, 1919
Ev. & T. H.-lst, cona.. Ba' 107 V . .-;- N.Y. SU8q.& W.— lat, 6s.1
Tol.Del.A Burl.- Main.Bs
18971...
9b\
98
6s,
Debenture,
Mt.Veni'u-lst,6s,iy23i
1922..
Denver Div.-48,
1910
Dlv.,
6a,
88
Davt.
6s
lat,
J—
1st,
Midland of N.
Frt&P.Marq.-M.B8,lfl20| ..._...l......
Plain 4s, 1921
1st, Tef. trust, 6a, 1910.
N.Y.N.H.&H.-lat.,rg.,4s lllV
Gal. Har.it S.Ant.-lst, bS] lOoU 106
C.B.I & P.-Os, cp., 1917.
102 V Tex. A N. 0.-lat,7s, 1005
100
N.Pac—G.l.gr.lat. cp.,6s 102
2d, 7s, 1905
6s, reg., 1917
101
Sabine Div.-l»t,,8s,l!)12 •83
192
8a,
Begistered,
Ext. & Col., 58, 1934.... 108 1-! oax
West. Dlv.— Ist, 6s
50
Va. Mill.— M. Inc., 88,1927 •48
N.O.Pac— lst,88,g.,1920t •53 'J
Keok. A Des M.— Ist, 5s 108 "a....,
2d, 68, 1931
'VooV
26
32
84
Gen., 6s
87
Wab.st.L.&Pac—
1931
.
6a.
*68V
Gen.,
'901.
l8t,68,
Norf.&W.—
114
Gr'nBayW.&St.P.—
N.J.-lst.
Central of
70
1910
Div.—
6s,
104
Chic.
105
8t,88,1932|
V
New River— 1
Gulf Col & S.Fe-7s, 1909
lBt,con8.a88ent. 78,18991 lOOV 103
Hav. D1V.-6S, 1910
Ohio* Mlas.- Conaol. s. fd *llo
101
2d, 68.1923
Conv., assented, 7s, 1902 1111
72V
Tol.P.AW.— lst,7B,1917
118V Consolidated, 78. 1898.. '"-j,
Adjnstnieut, 7», 1003... 108 108V' Han.& St. J.— Con.6s,1911
6S
Iowa Div.-68, 1921
65
2d consolidated, 78,1911 *10»'«
Conv. debent. Cs, 1908.
Houston & Texas Cent.—
91
91
93
Ind'polis Dlv.— 68, 1921.
Ist. Springfield Div.. 78
97 V
I,eh.&W.B.— Con.g'd.as. 96
l8t,M.L., 7s, 18911 ....
84»4
77V Detroit mv.-6s, 1921
Ist, general, .'Os, 1932...
82>9l
Am.D'k&Imp.— 5s, 1921
1st, Western Div., 7s t..
Cairo Dlv.— 58, 1031 ..
Ohio Central— l8t,6B.1820
l8t,WacoA.No., 7sl.... 843,1
Chic. Mil. & St. P.—
Wabaah— Mort. 78, 1909
lat, Term'l Tr., Bs, 1920.
135V
let, 8s. P. D
2d, consol., main line, 8s
107 >»
Tol.A W.-lst, ext.,78.
125 1127
Ist, Min'l Div., 8a, 1921
Sd, 7 3.10s, P. D., 1898
2d, Waco* No., 88,1915
93 "87"
87
1129
let, St, L. Dlv.. 78, '89.
Ohio So.— 1st, 68, 1921....
General, 6s, 1921
iS, 7s, $ g., B. D., 1902.
2d, ext., 7a, 1893
'US'!! Hou8t.E.itW.Tex.-.l8t,7s
Oreg'n* Cal.— l8t,68,1921
lBt,LaC.l)lv., 7s, 1893
69»4
Equipra't bds, 78, '83.
118
Or.4Tran8C'l-68,'82. 1922
let, I. <e M., 7s, 1897 ..
2d, 6s, 1913
64
78 V
Consol. conv., 78. 1907
Spd.Dlv.— Cp. bs. 113
Oregon Imp. Co.— lat, Bs.
Ist, I.* D., 78, 1899.... 116
lU.Cen.- Sp(
'104!!
Gt.West'n- 1st, 7», '88 104 106
1st, C. A M., 78. 1903.. 128
Oreg'n RR.ANav.— lat,68 111=4
Middle Dlv.— Reg,.
•85
126
2d. 78, 1893
125 126
Debentures, 7a, 1H87...
Consol. 7s, 1905
C.8t.L..tN.O.— Teu.l..78
125' 127
Q.A Tol.— Ist, 7s, 1890
123
Panama-S.f.,BUb.6a,1910 99V,tlOl
iBt, 7s, I. A D. Ext..l908
lat, conaol., 78, 1897..
'118
75
Han. A Naples- Ist, 7s
iBt, S. W.Dlv.. 68, 1909, 112V
Peoria Dec. & Ev.— lat, Oa
2d, 68,1907
111=4
Ill.A So.Ia — U'.ex.,6«
Evan8.Dlv.-lat,6a.l920 ^ lO
let, 5s, T>aC.*Ilav.,l«19
98V'
Gold, 6s, 1951
89 V 92
St.L. K .C.A N .— R.e.,78
l8t,S.Minu.l)iv.,68,1910 113
Peoria&Pek.U'n— l8t,68. *10^V
Dub.A 8.C.— 2d Div., 7s. IHV
78
11434 Pac.RR.-Cen. Pac—G.68 ...... 111=4
Omaha Div.— Ist, 7s. 73
I20V12I
l8t. H. & 1)., 78, 1910
Ced.P. & Minn.— Ist, 7s.
Clar'daBr.- 88, 1919
Chic.<t Pac. biv.68, 1910 114 |115V Ind.Bl.&W.-lst, pref., 78 116
Ban Joaquin Br.— Ba.. 105 106
97=4l .
87
..\
St.Chas.Bge.— IstjBs
67V
lBt,Chio.* P.W.,6s,1921
98V lat, 6-68, 1909
Cal. & Oregon-lat, 6s
109 V llO"*
97=41 99V
96
No. MIsaouri-lat, 7:
98
Min'l Pt. DiT., 58, 1010.
2d, 5-6s, 1909
Cal. & Or.-Ser. B., 6a.
68
West.Un.Tel.- -1900, cout •116=4
97 100
C.&. L. Sup. Div. 58.1921
Eastern Div., 68, 1021
Land grant boiida, Bs. ;.....;lp4
in"*
86
Wia.A Mill. Div.Ss, 1921 97'4! 98
1900, reg
Indianap. Vi.& Spr.— 1 st,78
West. Pac— Bonds, 88.. ^oa 108V
-80
93=4 ....
N.W. Teloeraph— 7a, 1904
Terminal 58, 1914
No.B'w.iy(Cal.)-l8t.68 lOoV
Ist, 7a, ox fund, coups.
74
74 >»
97 V Mut.Un.Tel. -S.fd,68,1911
97
Coic. A Northwest.Int.& Gt.No.— lat.Bs, gold 108V
So. Pac. of Cal.— lat, 6s.
73
Sinking Fund, 78, 1885. •103-V....
Coupon, 68, 1909
So. Pac. of Ariz.— 1st, 68
139 V Kent'ky Cent.— M.68,1911
Consol. bonds, 78, 1915. 138
INCOME BONDS.
So.Pac.ofN.Mex.-lst,6B •92=4
Extension bonds, 7b, '85: 103%
(Intrrext payahte if etimed.)
Stamped, 4 p. c, 1911 ..
Union Pacific— Ist. Bs.. 114V
16
103^3
Atl.APac.— Inc., 1910....
iBt, 7b, 1885.
Lake Shore & Mich. So.
Land grants, 78, '87-89 106=41
'104 '4
Central of N.J.— 1908 ....
Coupon, gold, 7s, 1902. • 131
Cleve.&Tol.— N. bds.,78
Slnkingfuiid, 88, '93.. 121 1122
11=4 12V
1'20
1-22
114
Fegist'd.gold, 7s. 1902, 131V 132
E.T.V.AOa.-Inc.,6a,1931
Cleve. P. & Ash.— 7b
Beg., Hs, 1803
16V
einklngfund. 6», 1929., 115
Gr.BavW..t 8t.P.— 2d,lnc
Buff.&Erle— Newbda,78
Collateral Trust, 68...
lo"
20
ilnd.lil.AW.— Coll., inc.Ba
eink. fuud, li8,1920,r«g •H2V
106 V
68,1907
Kal. & W. Pigeon-lat..
Do
20
104 ....
Sinking fund, .'is, 1929
IndsDco.A Kprp— 2d,iiic. •18
Det.M .4. T.— 1 at,78,l 906
Kans.Pac- Ist, 68, '96 112=4!
70
81nk. fund, 5s, 1829, reg 105
....
109V 110
Leh. A Wllkesb.Coal.— '88
Lake shore— Div.bonds, 122
lst,88, 1896
14"*
101 1^1 101
eink'gfd.(lob.,58, 1833
Lake E.A W.— Inc.,7B,'99 10
Consol., coup., lat, 78. •127
Denv. Div.Bs,ftas..'99 110
25 ycai-s deb. 6s, 1809.
08 V 99'
101 V 101=4
Sand'ky Dlv.— Inc.,1020
Consol., reg., 1st.. 7s .. 127
Ist, consol.. tj8,1919.
103
KscanabaA L. S.— Ist.Cs 108
116
V
Laf.Bl.AMun...Inc.,78,'99
Conaol., coup., 'id. 78
C. Br.U .P.— F.c..7s,'95
DesM.AMin'ap.— lst,78
116
Conaol., reg., 2d, 78
Mil. L. Sh..fe W.— Incomes
At.C* P.— 1 8t,6s,1905 94
61
Iowa Midland— Ist. 8s
Mob. A O.— lat.prf.,deben,
Long Isl. HR.— lat, 7s,'98 120
At.J.Co.&W.— Ist, 6s 90
32 V
Peninsula— Ist, conv. ,78
03
108
5s,
93 V
1931
2d. pref., debeiiturea
1st, conaol,
Dreg. Short-L.— lat,68
Chlc.A Mllw'kee— l8t,7B
Louisv.tfe Naahv.—
97 V
3d, pref., debentures
Ut. So.— Oen.,7s, 1909
Win.* St. P.— l8t,78,'87
i23V125
90
Consol., 78
4th, pref.. ilebentiires. ..
Extcn. 1st, 78, 1909
2d, 78, 1907
Cecllian Br'ch— 78, 1907 104V 106=4
Mo. Pac— lat, cons., 68. 100 101=4 N.Y. I-akeE.AW.- Inc..6sl
MU.AU ad.-l8t,6>,1906
2%
Ill
91
N.O.it Mob.-l8t,6s,1930
Ohio Cent.— Income, 19'i0
94°b'
8d, 78, 1906
Ott. C. F.4 St. P.— 1 8t,58
80
85
2d, 68, 1930
Min'l Dlv.— lnc.,78,1921
Fac.of Mo.— Ist, 68... 107 V 108
C.C.C.4 Ind'»-l8t,7, 8. f 1
109
B.H.AN.— Ist-Os, 1919 108
Ohio So.— 2d Inc., Os, 1921
2d, 7b, 1891
Consol. 7s, 1914
General, 68. 1930
09 V' 9934
PeorlaU.A Ev.— Inc.,1920
8t.L.*SF.-'2d,68,Cl.A •99
Consol. sink, fd, 7s, 1914
30
96=8! 96=4
Pensacola Dlv.— 68,1920
96
Evanav. Dlv. —Inc. ,1920
68, Class C. 1908
General cousot., 6h,1934
8t. L. Div.— lat, 6s, 1921 105
97
98
Roch.APIttab— Iiic.,1021 45
68, Class B. 1006
34"
Chic. St. P. Mill. A Om.—
2d, 38, 1980
46V'....
Rome W. A Og.— Inc. 7a- 32
1st, 6a, Pierce C. * O..
Consol. 68. 1930
20
Nashv.A Dec.— Ist, 7s.- 114 116V
Kpnipment,7a, 1895..
So. Car. Ry.— Inc.,0a.l031
C.St.P.AM.— Ist6s,1918
*90
30
S.iN.Ala.—8.f.,6s, 1910 91
Div.
92
T.II.—
bds.
St.L.A. A
Gen'l mort.. 8s, 1931..
»o. Wis.— iBt, 68, 1930
Lonisv.
L.— 68.1931
FREE LIST.
80. Pacof Mo.— lat, 6s 103=8
(St.P.A S.C.-l8t,08,1919
108
Trust bonds, 68, 1922
05
Cin.A 8p.— l8t.C.C.&I.,7s
Tex.&Pac— lat, 8a,1905 108
Chic. A E.lll.— Isl.s.r.cnr.
10.40, 6s. 19'24
82 V
Col. Spr. A fill.— lat. 7s-.
Consol., 68. 1905 1 ...
Consol., Ist. 6», 1934...
38
L.Erie<tW.-l8t,0a, 1919
71
38 V Cum. A Penn.— Ist, 6s,'91 102
Income A id. gr.,reg.
V
Chtc.St. I..* I'.— 1 Bt.con.6»
Sandusky Dlv.— 68, 1919
103
2d, 8s. 18H.S
Bio G., 68, Aug. cp. on 63 V 66 V
Clllc.4 W. I nd.- Ist. 8.f .,0b
Laf.Bl.* M.-l8t,8s, 1919 •70
69
exAiig. cp.
Do
51V 52 Col.C.AIr.Co.— lst.,con.,68 65
Gen'l mort., fis, 1932
Lonlsv.N.Alb.&C— Ist.Os
68
70
47
Ist, 68
Ft. W. A Denv.
Gen. mort. A Ter. 6s..
Ool.A Uroen.-lst,68,1910
General mort., 6s, 1914
85
NJ.So.— Int. guar.. Ba. 99 70
Pennsylvania RR
Sd,68, 192«
Lou. N. O. & Tex.— lat. .'is
91V Pa.Co.'8guar.4 Vs.lst.cp 99=4 100 Phil. A R.-Dcli.,78,1893
OoLH.Val. *Tol.-lat.6s
Mauhat.B'ch Co.— 7a. 1 900
09 V 100
Warren RR.— 2d. 7a, 1900
Pa. Co.'s 4 Vs.Beg., 192
DjI. I,.* W.— 7s. ronv.,'92
N.Y.AM.B'h— l8t,7a.'97
.Wabash fuudeil Int. bds.Pltt8.C.ASt.L.-.lst.c.,7fl|^120
Morteage, 78, 1907
Metrop'llfn EL— l8t,1908 H3V113=t
Tol.A 111. Dir.-78
1st, reg., 7a, 1900.
T>*3
'in'»3,
2<i. 7«, )013
L. ErleWBl. ,l;st.l,.—78.
2d, 7s,
.
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165
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100
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102
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Marine
Market
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.
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North America*
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People'a*
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Oemian Amf>iican*. 78
tiemuui Rxcbauge* 100
100
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Imp. A Tradara'
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11
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KinnHCnty
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(Bkn.).
Knickerbocker
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(B'klvn)
lal'il
Manufac. A Build..
Mech. A Traders' ..
Mechanics' (BUyn)
Mercantile
Merchants*
126
MuntauktRklyn.)..
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Nansan (Bklyn.)
lO'a
National
N. Y. Equitable
N. Y-. Fire
I'io
'
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110
:oo
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:i7ii
I
Paclllo
114
Park
Peter Cooper
People's
145
144
Standard
Sterling
113
Vii"
01 101
I
Stuyvertftiit
United States
Westchester
30
HO
100
no
85
40
60
215
137
110
210
70
105
125
122
iia
60
10
116
180
80
Vi
lOO
40
76
55
100
85
140
80
140
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130
67'.
30
l'J3
200
DO
106
106
60
85
63
106
100
46
87
150
70
136
112
175
108
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110
136
120
100
55
55
107
165
100
140
100
127
113
90
43
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125
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ais
10
WlUiamsbnrg City. 60
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25
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20
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70
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75
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175
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100
100
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100
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117
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25
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20
60
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l;iO
40
200
36
100
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26
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20
70
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Ark.
Rutland—6s,
Sonora— 7s
STOCKS.
A Topeka
A Pa<!lllo
Atchison
Atlantic
Ronton
Boston
Boston
Boston
A
A
A
7'«
Albany.
178\
Lowell..,
116
179
Mulne
A
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49 Wall Street.]
May 6, '85 129
IJuly 1,'86| 84
5
104
Slj J'nel5,.85l 93
3,000, OOO' Var'a
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100 35.430 .OOO'
20
Jersey flty A Hol)okeu.
756,,00()(J. A J. 7>9;j»n. 1, •8S;i3.'i
Metropolitan— Bonds ... 1,0(10
700 ,000'F.4-l. 3
1902
Ill2
Matoal(N. Y.)
100 3,600,,000 auar. 2's July 10,'86 13.5
Bonds
1000 1,600,.0001 ».AN. 3
1902
1103
Hassan (Bklyn.)
25
1.000,.000. Var's
2 !ju!y 1,'85 125
BOTlp
Var'B
700,,000 M.itN. 21) Nov. l.'84| 97
PeoDle's (Bklyn.)
10
1.00(1,,0()0J. <t J. IHl J'nel5,'86l 84
Bonds
1,000
400,,000, M. AN. SHi J'uol5,'85 105
Bonds
Var's
IDll,,000 J. 4 J. 3
Apr. 1,'8.> 98
Villlanjsbnrg
60
1,000,,000 Qnar. 3
July20,'8S,in2
Bonds
1,000
1,000,,000 A. A O. 3
i90()
no
Metropolitan (Bklyn.)..
100
1,000, 0(K)l
July 1, '851 04
MtinlCTpal'- Bonds
1.000
760. 0001 M. AN.
1888
105
Fulton -Maniclpal
100 3.000, oool
JulylS,'86 168
Boiiud
300. OOOIJ. A J.
1900
106
Boultable
'ioo
2,000.,00(1
135
Bonds
1,000
1.000, oool A. A F.
1900
109
i
I
85
107
94
140
115
11(7
'
105
H!7
100
I
I
nil
I
Providence
179>s
116
Revere B. A Lynn
Cambridge
156
Clieshire, preterred
A
Chic.
West
Michigan.,
A
Clnn. Sandusky
Cleve,
Concord
Connecticut River
Conn. A Pasftumpalo
Connotton Valley
A
No.,
Del. Lauslnf!
East.(rn, Mass
Broker st.A FuluF Stk
100
Ist mort
1,000
Br'dway A7th At.— St'k.
IOO
1,000
l.ouo
10
1,000
..
molt
Brooklyn City—Stock
iKt mort
Bklyn. Crosstown— stock
Ist mort. bonds
Bashw'k At. Bkln)—St'k
Central CroHstown— wik.
lat mort
Oent.Pk.N.A E.RlT.-8tk
Oonsol. mort. bonds
Olirlst'ph'rAlOtbSi— Stk
Bonds
DryUk-K.B.A Bafy— stk
2(1
«
J.
l,r>(«),(K)oi'J.
AD.
2,100,0(111
I
BOO.OOO Q.-J.
100
iiOC.OOd J.
2.iO,(H)()
l,H(Hl.d()()
M.AN.
Q.-J.
l.'Jdd.ddd J.
',>
1,000
500* c
100
100
100
100
Ht.P'ry—Stk
f
1,000
100
.<t
preL
SO Is
116>!|
"lii;
A
60
28
Rock
Ft.
Smith.
12>s
77
85
130
60
A
100
60 >•
62
A New Kngland ..
of N. Hampsh
A Worcester...
Old (.:olony
Ogdonsb. A L. Champlain
Portland Saco A Porlsm.
Rutland— Preferred
t'.A A.
l.dOO.OOO; tl.-J.
l.Odd.iiOO F
A.
74«.(H)0 Q.-P.
A
97
110
;i60
109
Il40
112
10634 106
15
18
'
7^
"i9\
236.000 A.AO.
250.000 Q.-F.
r A J.
last
265
108
250
I
April. '93 112
in
'86 145
160
J.
'94111
Juyl.'8SlS»S
1910
107
May, '8H HIT
t
Ist Tiiorl
Jnlyl.'SS 240
Knb.. 1914 OS
May l.'SS' 245
.tN.
.tN.
s.
J.
July,
Nov.,
Preferred
Hnntlnitd'n
A
Preferred
A.
.tN.
Feb.,
"SJ .'50
'May.
9:-'tl2
'h
'»(.!
,
ll:i>s
200
1
110
i
'.n
Norfolk A Weat'n— Com.
PrefeiTed
Northern Central
North Penu.sylvania..
Pennsylvania
Philadelphia A Erie...
Phila. Oer. A Norrlslown
Newtown A N.Y..
A
Reading
m
A
I
1114
dlviUuud ou Mitiu, bat date o( matorlty o( boniU.
A
7s.
100
71".
{39
103
105
117%
i'28"
6s, P. B., 1898
Gen., 78, coup.. 1901.
CANAL BONDS.
A Del.-l8t, 68,1886 78
Lehigh Nav.—6s,rog.,'84. lu8
Mort. RR., reg., 1897 .. 1194
Ches.
63
133
—
PennsylT.— 68, cp., 1910..
125
89
Scbuylk. NaT.-l8t,68,rg.
3d, 6s, reg., 1907
7»
Cons., 78, reg., 1911
67
69 Si
BALTIMORE.
57
7s, E. ext., 1910
Inc. 7s. end., coup., '94
Asbtab.
Pitt^b.— lst,Vs
1st, 6s, reg., 1908
A
RAILR'D STOCKS. Par
A Charlotte.
A OMo
62 ig Balliinors
61
66
60'^
19'8
Western Maryland
60
V2^ 1«
A Ckarl.— Ist....
114 >« lis
20
IWklLROAD
IH
Atlanta
Ino
—
BONDS.
2d
Wash.
A
Bait.— laU.
I'hll.— l»t,6»
18
116
6a, Series
68, Series
Ki.<Uviaaud.
IPerskan,
78
B
AJ
1234 133 >^
U»
{
10»
—
~<
.
A Wemon—<lold,78.
tladalaolt.
80
102 4
ViO
118
Union RR.— Isi.gnaJAJ
Canton endorsed
Virginia A Tenn.— Ga
8s
W.Md.—6s, lst,g., J.AJ.
3d,pre(., J. A J
2d, guar, by W.Co.,J AJ
Wll.
15%
1014 103
107
A
WtUn.C A Aag.-68
J2
57
81%
ColiunblaA Greeny.— Ists
Sds
No. Central— 4 "as. J. * J
68,1900, A.AO
6s,gald.l9O0, J.AJ....
6s, 3d, guar., J.
<.,
103%
101
100 »8 101
ISis
PltUb.ACon'ells.—7sJAJ
106
92%
56
1st Inc., 5b, 1931
120
68
CbarLCoLA Aug.- 1st.. UO>s
Sds
Sds
"7'al
48
Balt.AOhlO-68,,'86A.AO 102^
Cen. Ohio.—68, l8t,M.AS. 108 "4
Cln.
2.1,
36
60
60
197
BelTld'e Del.- Iat,6s.ie03
2d,6», 1885
3d, 6s. 1887
Bell's liap— lst,7s. 1893.
17»
133
123
6
Parkersbtirg Br
Central Ohio—Com
50^4
Pref
1094
119
116
15
74»4
100
Isl pre(
3d pref
43
RAILROAD BONDS.
V
Atlanta
Atlantic.
Allegh. Val.-7 310s, '96
•
Erie—1st,
Western Penn.—68, coup.
41
J7>«
Pennsylvatiia
SohuylliiU Nav.. pre!
1.
A
Ist, 78, 1899
68, 1909
CANAL STOCKS.
.t
32
Cons.
Bait
Lehigh Navigation
N.Y
97%
121
WJerseyAAtl.— l8t,6s,C. 1074
—
Boir.
ii;i
(
W.Jersey— Ist, 6s, cp.,'96
Plttsb.Clii.A St. L.-Com.
UnittMl N. J. Companies..
West (Chester Cons. pref.
West J erH((y
West Jersey
73%.
T«
41
3S
573
Shon. Val.-lBt. 7s, 1909
Oen'l68, 1921
Income, 68, 1923
Income, 6s, 1914
Cons. 68, gold, ISWl.
Cons. 68, gold, 1008.
Oen., 4s, 'Old, 1923
Warren A F.— l8t, 78 '96
West Chester -Cons. 7s..
,
Scb. Haven.
Phlla.W11m.
A
SbamoklnV. A Potts.— 7s
67 S,
Little Schuylkill
Phlla.
Phila.
{90
72
,
1st, Hs, 190.',
iJaii.,
133«
Broad Top
Lehigh Valley
A
A
A TitU8V.-l8t,78
Dnlted N. J.— Oons.68,'94
89 Si
20
Prefened
PhlLWll.A Ball.—48,tr.ot
St. L.—78....
Pitts. Cln.
B.—7«,cp.
Pitts. Titus.
Union
J'20'i
64 la
53
Consol., bs, 1913
-F.
13
{80
«2«b
Delaware ,t Bound Brook
Kasl Peulisvlvaula
ElmiraA WiUiamsport.
131%
131%
Cons. 5», 2d 8er.,c., 1833
ConT. Adj. Scrip, '85-88
Debenture coup., 18931
"iS'i
Preferred
Catawis3a
preferred
R.-lBt,68,1910..
3d, 78, coop., 1893
Cons., 78, reg., 1911 ....
Cons., 78, coup., 1911 ..
Cons., 6B,g., I.R.C.1911
Imp., Bs, g., coup., 1897
Oen., 68, g., coup., 1908
Oen., 78, coup., 1908
Income, 78, coup., 1896
Cons. 68, l8t8er.,c.,192S
rix. A Pac.-lst, 68,1906
Consol., Bs, 1905
t
Camden A Atlantic
91%
Phll.AErie— lst.78,cp.'88 108
Cons., 68, 1920
Cons., 58, 1920
Phlla. Newt. A N.Y.— 1st
Sunk. Haz. A W.— 1st, 68
2d, 68,1938
STT.Gen.A Com.— Ist, 78.
_
A PhU
;!..
,t J.
,tr
nap
Buffalo .V.Y.
Preferred
'h.
-luly.
lAUi?.,
.1
:
116>a
1U3
1,
Bell's
133%
7.1906
1S9>»
38
Nes4i(ielionlng Valley ....
;Jnno, '93 114
Feb., 1914 104
May
MTOCJCS.
120
121
13S
loo's
Perklomen— 1 st, 6«,cp.'87
Sonbnry
4163
Allegheny Valley
Ashtabula A Pittsburg..
Preferred
Mlnehill
'
6
RAILROAD
Cons., 6s, reg., 1905....
Cons., Bs, coup., 1905...
Cons.. 68, reg., 1919....
Pa. Al}. Y. C.-78, 1896.
Scrip, 1882
ConT.,78, R.C., 1893..*
7e, (Mi.oir, Jan.,'85
PHILADELPHIA.
Ist preferred
I
2'!i
Worcester Nash'aA Rocb
Wisconsin Central
Preferred
129
PennsylT.—Oen., 6s, r»»
Oen.,6B, cp., 1910
Conv.
1H
irentral
60
46
Ibc.,68, 1913
Oil CltyAChlc— 1st, 68.
Oil Creek— Ist, 6s, coup.
PhU.A
180
Preferred
Onlf
Fort Scott
Preferred
Iowa Falls A stonx City.
2(1
^;Julyl.'85l 2<^i 25 H,
July,1900 112
7
1I3>9
a July 1, '83 2S0
5
Jnue.1901 1071, ;0!l"a
5
1014
!07
lOU
Sia May 1,'85, 112
118
6
Jan., 1C02 108
112
4
AprlU,'85 168 176
7 |jan.,1888' 105
112
2 IMayl, '85 162
167
I'd July 1. '*5| 157
162
118
6
Not.. 1922 114
2
July 1, '85 141
14.1
r>6o., 19021 121
7
123
l-a .-ilay 1, -85 13J
IM
Oct.. 189«1 110
7
116
2io May 1, '85 205
H'2
F.
U. 7
l,:;in),dii()
:
I
Tkls eolomn saows
-F.
A
Thlnl AT.- Stock
Bonds
Iwonty.thlrd St.— Stock.;
D.
.to.
Ist ikjort
*
A
100
mort
Oonsol
Blxtb At.—Stock
700,000;1;J.A
J,
J.
100
1,000
Hon8tW.8t.*P.F'y-8U,
1st mort
Second At.—stock
let mort
A
J.
1,000
100
1,0(K)
IIKI
AT.—Stock.,
A ortd
900,000
* J.
2,0(I().()(K) Q.-F.
HOd.dOd J. A I.
'.^dO.OdO, A.AO.
4(M),0<)0 J. A J.
SOO,0(H) Q-F.
100
(
42il
Ist
10
M68
Fllchburg
Flint A Pere Marquette.
101
(Quotations bj H. L, Orant, Broker, 145 Broadway.]
'.•
119
Bo!4ton
110
165
!
1
K
66
66 >4
N. Y.
Sate.
36
20
1.000
l9t mort., consol
133
96
Norwich
Par.
Brooklyn Oos-I.trht
Istniort
121
1st
Northern
I
Oltliena' Oas.I..(Bklyn)
Oas
H
1st'
Nashua A Lowell
I
im'
ijerjMiln.ii
HarrtBl>'g-l»t,es,1883..
107'j 108'
AB.T-l«t,7s,g., 1890 iVi"
Mem.— 6s 111 I
80
K. City snd
Cons 6s, 18()5
S6<a 36^ IthacaAAth.-lst,irld.,7H
Mexican Central—7*...
Income
I^h.V.— l8t,8s,C.AR.,'0M i'23<t
78
137
Scrip
Sd, 7s, reg., 1910
69 ,
l>(rbeutnrc, 10s
Cods. 6a, C. A R.,1933. «13S 138%
IT. T.A N. England— 6s
107M07', N. O. Pac.-lsi, 6s, 1930. 61's
117's IK'S No. P(-nn.-2d.'7s, cp.'96. 126
7s
2i1 mort
l',16
iso"*
Oen.,7s, 1903
Bo. Pao.—7* 131
N. Mexico
Debenture Os, reg...
Ogdennb.A L-Cb.— Con.6*
Norfolk A West.-flen..es flf
Income
N. B. DlT., 1st, 68.1933
Old Colony— 6s
N. Y. Phll..t .Vor.-lst. 6s ioi' lO-i
H.-78,
Preferreti
12S
r..i,
B.— 78
ft <\
* TU
Llttlx K.
Mexican
iliS
GAB COUPANIEa
Consollila! eil
130
110
6s..]
-^11,
.V
,
llOig
123S
,......$117
K..I
Summit Branch
[
126
K....I
C.i.
Metropolitan
I
(Oil. C.
j
Ooilli
Louisiana A Mo. Rirer..
Preferred
Maine Central
Marq. Hougb I'n A Onton.
Gas and Cilr Railroad Slack* and Bend*.
BonilH
llii
BoNton ,* I*rov1il<^nce— 7*
Bnrl .» Ml.. I.il. (tr.,7i
NobniwWs. (U. Kiempt' 118
NetirliNka, (li%..N'on-ex*pt 108 S
Bi
Nebrii^kii. 4i
Little
UU4
[Gas Qnotatlons by GEO. H. Prkntibs
Bid.
.
Kan. C. CUii. A Sprlngf d
Kau. O. Sprlngt. A Mem.
I
....
Baltlavre.
iat>a
I
6ii
1,:0
'J,-.
17
Central
Cbuii
Chemical
m4
BKOCRfTIEH.
1.--7S...
II..
Bi.
I»0
ino
100
FhlUdelphU
Ask.
Bid.
.»
>
UliX.
BoatOH,
HKcri/RiTiitn.
K. H. Ballsjr, 7 Plna St.]
lijr
r*.
nut NaUoiml.
73
U
QaoUtiou
Local Seoarltlet.
Bnnk Alork MM.
BrtMMlwiiy
idntrlirra'AUroT'a'
..
THE CHRONICLE.
|
New York
AmertoA*
Amu. BlOhBBR*...
—
I
1
113
ii«%
Last pno« tkU waak.
\
1
•
35
1
:
THE CHRONICLE.
74
New Vork
RAILROAD EARNINGS
Soadt.
Week or Mo
\
Jan. 1
1884.
1885.
to
Latest
week ending July
-
;
W
|
AWMay
239,316
...
312,125
l,140,78,j
1,382,3.'
OiC(ion Slii.it L Ai.rll..
146,793
83,7 IV
455. 48^
236,121
Peuiisylvauia.. .May
3,899,169 4,267,173 17,583,95; 19,427,075
Peoi'ia Dec. AEv IstwkJ'lyi
10,flOii|
11.26V
376,'.79
a37,32t
PhUa.A Eric ... May
274,860 2:i«,8.=i3 l,2li,2r,t 1.324.4
Phlia. A Reading May
2.377,4^1 2.327.94 10.281,910 12.069.901
Do <'. A Iron May
.1 1.267.176 1,382,219
5,3l6,02i
5.970.5 2
Bichm'd ADanv. June
266,294 251,819 1,855.573 1,S25,10;
Merchants'
MeclianiOB'
Union
America
Phenlx
. ...
City
Tradesmen's
Fulton
Chemical
Mert'banta' Exch.
Gallatin National..
Butchers' A i>rov..|
Mechanics' ATr..
Greenwich
Leather Manuf'rs.
Seventh Ward
State of N. Y
Americ'n Eich'ge.
Commerce
Broadway
Uercantiie
Pacific
Republic
Chatham
3.260,600
7,682.300
2,359,000
2,416,100
2,361.500
2,808.900
1,767.300
2.609,000
5,116,200
4.706,300
1.860,600
...
Hanover
Irving
Citizens'
Nasaaa
Market
.....
.
Nicholas
Shoe A Leather..
Corn Exchange ...
Continental
St.
Oriental
Iraporters'A Trad.
.
.
A Auk June
.
42.745
30.974
38.010
3.<,2i9
ColunibtaAGr. Ji no
Georgia Pac. JvmcVa. MiillHnd..'June
Wesi. No. Car. June
Boeh. A Piltsb'Kll stwk July
118
BonieWat.AOK
13 1,645
133,882
16,7'23
16.63.'
17,8''.
.
. .
|
St.
I.May
Jo A We8t'ii.;4ihwkJ'nc
Bt.L.Alton.\T.H.IlstwkJ ly
U« (Hraneheii l8t wk J'ly
Bt.1.. F. 8.
A
W
lat
wk J'ly
Bt.L.A8aii Iran !.'dwk July
9«:<
25.787
26,336
18,488
9.42'
7,
IK.'*
Jul e
64.400
33,1491.558
South Carolina. May
Bo. P.. e.. No MxiApiil
58,101
111,16
JSonlberuDiv. April
Arizona
April
271,till
Bt.
faulADuitbllst wk J'ly
Bt.P.Min
New
A Man
Mfxti'o. lApril
April..
8t. Louis, lib wkj'nc
TexasAN.O.
3kx.
A
115,303
.
Tol.A A.AN..M. June
Union Pacltlc
Mav
Ctab Central
April
VlckaliV A .Mor June
Virksli.Sh APa<-. June
Wab. St. L. A P June
Weat
.lersev
Wl">v>'>..|ii
...
Mav
C.nfi itb wkJ'ne
66.16,-?
79.- 4
14,580
28.148
40,221
128.433
29,629
21,8-.!'
United States
Lincoln
-.
Gartield
Fifth National....
B'k of the Metrop..
West
Siile
Seabtard
Total
1886.
7,58:
10,771
81,478
2.1.14,176
2i>,555
510,823
3,121.02-
712,185
74.66
25,2'.
2i(,50t
Boston Banks.
4'<2.46!-
62,1,16:1
3,6-4,9
il
521,51.4
8,777,400
1 '.0.21 1,300
8,7«-2.600
llll50,342,200| 8,786,600
"
Phllatlelphia
713 873
70-i,35^
inolurtlnK eamlnes of New York Pennsylvania
Ohio road.
liecreafe Ibis year wholly in mlsocllaneous receipts.
•Not ini-liiiiliiK the first six days of January, preoeding time Then
BAOelver riMik |n ssession.
t Not Ineluilinif Inrt. Deoatur
Sprlngf. In either year.
€ Mexican curiency,
1 Mui includluK Colorado DItU on In either year.
*
A
« 3,400
177,500
133,200
606.600
158,600
156,800
weeks
past:
Dfposits.
-ifff/.
Clear'QS
9,910.700 418.053.621
8,836,300 "81.709.365
9.709.800 48.8,978.958
tfli7.
5,433.300 109.451,000 21.906,000
5,372,3110 106,46-2,10 22,006,800
4.861,100 lll,i)24,«00 21.861,100
totals of
ClKtr'ff*
62.011.1,8^8
6 .7 '6.242
75,643.431
,
Banks.—The
theiPhUadelphia banks
Agn. Clcar^os
DepOHits.^
4J ,966, 138
7.375..500
46.721,109
7,36ii,50.>
49,.>73.971
ttib
itii
a ".liib in otrier liauks."
Unlisted Securities.
week past:
—Following are latest
Ask.
Securities.
Atlantic
A
Pac.— Stork....
|
Pref
H.r.A West— Sfk.
Debentures
N. Y. A Philadelphia
Mo. Piiciflo— Old stock
eig
s
2",
421a
85
when
58
issued..
1st luort
9414
-
6»
Denv.Kio or.
ji
I
A W., l»l M.,
Guar, by D. A R. a
Edison Klectric Linht
6'i,
mort
Georgia Pac
St..
7
Ist
40
60
stock
Ist iaort.,6s
admort
Henderson Bridge— Stock
Bonds
geely Motor.
luoi't.,
I214
St
.«. Pac, Ist
2d irns cer
Jo.
5
ia>9
— Set'm'tSs
Settlement, 6s
Ti'-,
97
8
83
6s
Ist mort
:9tate of I'enu.
10
I
iPostal Tel.
I
96",
37 8,
8
I
A Cable— stock
Southern Tel.— Stock
41
65
139
12
70
1st
St, i-er. stamp
Peiis.acola iH Atlantic
,
Beu. K. U.
Kqalt. O.is Co. of N.
Fi. Worth A Den.C. R.
1>4
1st mort
pltisiiurgA Western, Ist
Ipo-tal Telegraph— Stock.
_
20
W
is"
iiicoiiics, a-is. pit
I
9IHi
A KioGraude— Com
76i»
li-a
70 »
Ohio Cent, 1st M.cer.as.p.
Cout. Cons. Imp. Co
Dimv
3"»
8O"
I oh
rn<o.ii-s
»1>U
3
2\
58
56
.
Trust honils, 6s
B'klyii Elev., -t. receipts
1st M., orwui'U l.NSUeil
M., or
I'e
N. Y. .11. Cn. rel.— Stock.
N. y. W. Sh.A B.- Stock.
Receive' 8' ci rt
^orth. Pac— Div. bonds
North Riv. Cons,— 100 p.c
Ohio Cent.— Riv. Div., 1st
Shi
I'ref
2--3
Cowdryctfs
ifl
10
16
6
11
1st niort
Kimk.AMerch.'rel., gen.M
host. H. A E.— New stock
uhl
Ask,
A
Moxicau National
Ci'Ut. Div., Ist, iilrt
.Vcciimiil. lanil grant
2il
Bi.t.
110"
Neb.. l8tti'tocr.,lfl2
2d trust eer
43'a
Kans.
70
16
,
_^
quotations for
Securities.
7's
West. Div Istniort
West. I'iv., iurom.-s
Y
a Noi
1?0.000
7,412.000
317,33'.
36.13-.:
3.-249.200
2,979.000
1,331,200
1,301.800
4.418.700
1,806,600
1,519,600
27,428,600
232.527
59.116
7,4l8,8i415.135
117,700
198,400
140,500
166,000
6^6.000
314, SOO
320,100
2M50,7fl0
299,917
438.330
124.099
153,318
6,897,980
399,742
45',6o6
•206.400
8,770,800
3.189,100
2,693,600
2,380.000
27,161,500
23-.,777
9.11(
2.74W,S0O.
7.5,541,900
76,08rf,S0O
Host.
2'23,981
179 600
184.600
180,000
74,432,300
3.
11.
Buff.
9,231.363
3u3,174
4.).000
46.000
429,800
July
343,-52
198.1-20
5,606,80(1
16,977,600
5,387.600
1,167.500
2,278.100
2,461.700
June 27.
1,040,49.'
636, ,07
9,269,134
2H6.527
180.000
237,000
3,240.000
47-2,200
204.0;)li
L'lWfltl Mrtney,
390.82S:
70.859
31.57
45,000
z'ig'ooo
are as foUows:
1,0,2.672
367,318
li>4,'08
i63",5o6
9'S9'905
Deposits.^
July 3
95,871,
363,607
seg'ioo
— Following are the totals of the Boston banks-
J'n627 149,703,700
521,116
586. 4i8
244.107
2,28 .,6(1,S
425 200
931,600
18.530,500
10,614.000
1,671,700
1.348,200
663,800
205,100
Specie:.
Enoluilinff
385,8'
252,000
138,500
2,312,700
1.773.000
289,000
J-nB27'30'1.735.50O 113956606 43.628,700 378,763,500
July 3'307.206.400 1141 19600 U2.68-.000 380,768,800
" 11 306,56 !,800il 162 161001 43,625,300 !383,758,700
299,497
17,\575
6",77»
86,969
13,103
941.35 1,174,32
96,068 102,970
43.9-)>i|
1
180.000
232,200
213,400
3,4
l,725.(i00
1,088.701
\L. Tenders.
i,-.'2-2
6si',68"'
1.808,600
24.000
4.320.000
6.199.200
1,674,300
22,698,600
23.972,700
1,995,000
45,000
9
293,8,vl
190. >H6
2.56'i.8O0
181,500
723.000
390.000
660.000
433,000
1,170,390
totals for several
Specie.
1
"
732.705
423,0011
424,100
569,000
640.100
1,616.300
4"23'60O
306,591,800 116216 1 00 43,626.300 38Sr7o8.700' 9,709,300
.
The following are
357.89.
26
4 37,-200
354,400
421,800
884,700
268,6 10
620,000
654,400
899,600
173,000
1(1,261.600
691, -200
'268,600
19'2,600
491, 2.55
568,410
354,736
295,25
2i),31
19.192,067.5.8 2,099.89.'
52.755
379.024
317.788
304,222
692,158
206,026
578,401
608.765
290.300
2.979,000
3,206,800
2,892.600
'.'06,300
2,600
406.600
43,100
^3,363,200
6,138,300
7,312.600
388,000
4 65,100
'
29S.800
658.900
161,500
A.5,5S2.000
8,16,200
361.100
545,100
566,600
679.500
150.000
354.030
Germania
^2.196.200
2.057,900
3,747,900
1,622.100
1,311.000
1,033.600
2,686,900
1,236.600
,3.601.100
5.723.900
4.262.000
1,760.200
,4,229.000
490,(<00
Avenue
German Exch'nge.
90,606
„1.5ii9.30n
3,34.-..300
2,010,600
2,511.700
2,944,300
2.862,600
1,631,600
1,823,200
2,777,800
2,315,600
1.264,600
1.1-2.800
8,076,400
1,524,300
1,551,600
Fifth
249,000
2.fl4'2.200
378.000
667.200
186,200
2,0-24.100
Gi rmau-.Vnieric'n.
3i;7,ooo
621.,-)00
Bowery
Chase National...
$
450,000
2,345,000
1,336.000
^1.172,200
9,471,000
,3,387.400
'2,X66.800
,2.954,000
18.665,100
151,700
168,500
920,000
640,600
863.000
168.700
166,000
156.200
467.800
104,800
„ 347.300
3,048,000
1,643.200
298,500
1 60,400
N. Y.Connty
Third National ...
N.Y.Nat. Eich..
tion.
}
'614.000
3.111,000
858,000
1,644,800
3,039,300
1,081,400
233,800
—
ClrcuJl.
3.
;
1.262.000
, 200,600
1.133,100
„ 486,000
2,410,000
4.618.300
16.119.000
4,066,300
1,166.800
First National
Deposits
other
3,914,800
897,100
619.800
897,600
7.2-i6,000
Central National..!
Second National..'
Ninth National...
—
than V.
?823.200
18,334.400l 6,040,100
17,007,300 6,788,600
160,000
1,674.000
187,200
1,076,700
14,747,700 8,185,700
Park
North River
East River
Fourth National
of
Ifet
1.498,000
„ 705,000
129,600
651.600
l,.n04,000
Peoples'
North America
City for the
9>
H
Cli. C'ol.
Amount
Legal
Tenders.
8,298.000 6,616.000
8.512.000 4,233.000
7,S0a.200 2.898.000
7.463,000 3,717.000
»-67,6fl0
4.022.200
9.810.300 6.16S,800
487.000
2.921.000
7,513,400 10.;n8.400
446,300
2,071,600
623,300 1.2rt:M00
16,188.200 9,676.000
685.900
2,401,000
5,202.600
097.400
466,100
1,6-6,800
1.248,000
60,000
1,017..200
110,600
2,647,400
457,400
376,200
1,1.12,800
3.09-,;, 100
962,300
6,261,000
1 1,660.000
16,864,600 10,227,000
6.288,600 1,075,000
6,342,200 1.633,700
2,363,100
530,400
6,687.800 1,513,300
3,626,-.»00
753.300
Manbattan Co
527,314
519,610
79,749
68.011
1,184,080 1,343.362 G,008,4S6 6,392,786
58."*
475,896
551,
106,098 108,289
Int. A ri toiiiap May
207,536
219,449
10,227
l<,727
FoBt. 11. T. AW. Ist wk J'ly
1,321,243
45,500 1,466,170
5-2,252
Bur.Ctil.R.&Ko. iKtwkJ'iy
7,968
9,872
May
Soutlicni..
Cal.
3,493.965 2,2'i.V,014
1 1 7,(100
17ti.000
Casadliin Piiciflt- l^twk.^ly
702,606
585.006
20,615
19,575
Central Iowa.... Istwk J'ly
1.735.001 2,030,079 6,147,763 6,355.119
Ctntral I'atlflo.. Ai>rtl
1,453,943
1,316.863
287.497
217,112
Oliio
May
&
Chosai".
264,905
263.217
57,646
49,921)
EUz.I^x.&B.S May
516,698
588,264
112,788 10,5,709
Clifs. O. AS. W. May
4,018,914
153,05'
3,769,963
139,512
Chloogo A A;t(>u ; .It wk J'ly
9,53«,839
10,380,483
1,981,12
2,081,904
May
SiiTi.
&
Q
aiic.
719,515
772,731
31,142
28,851
'stwk J'iy
Clili-. & East III
CWc. Mil * St.P. 2(1 wk July 41»f,000 428,294 11,454,000 11,271,540
11,069,227
11,110,254
400,500
425.701
Clilc. ANonliw. l8t wk J'ly
94,300 2,609,432 2,787,949
Cb.St.P.Min AO. 1st wk J'ly 103,600
793,951
624,762
27,344
28,740
Chic. & W. Ml< b ; stwk J'ly
44,503 1,186,187 1,134,112
38.379
Cln.lnd.et.L.At; Ist wk J,Ij
1,209,625
1,207,677
2(6,386 205,490
CIn. N O. AT. P. June
848,163
843,566
34,711
34,942
Cln.Wasli.ABalt.HthukJ'ne
236.4>-S
237,637
9,586
11,118
Cltv.Aki-oiiACoMst wk J'ly
235,376 302,200 1,298,387 1,493,213
Clev.Col.C.&Ind May
70,3'd9
76,305
l.'i,982
14,209
Danbury A Nor iMay
61,944 2,841,426 2,578,504
Deny. A Rio«r. 1st wk J'ly 123.864
362,449
429,846
57,320
:Juiip
88,100
DenT. A R. G.
160,540
175,164
4,651
5,877
DcB Mo. A Ft. U. lat wk J'ly
701,020
569,323
21.996
20.539
Det.Laiis'KANo. Ist wk J'ly
442,190
410,788
14,984
16,969
Dnl'.ASiouxClty 1st wk J'ly
*1,476.653
1,556,469
276,335 295.461
E.Tenn.Va.AGa. May
318,682
14,130
357,42:
14.401
EyansT. A T. H !8l wk J'ly
38,9t8
968,174 1,254,379
37.469
Flllit A P. Maiq. Ist wk J'ly
18.13,=>
536,125
622,307
21,340
Flor. R'way AN. 1st wk J'ly
234,052
210,840
39,068
57,231
rt. Worth A l;en.jjuii»'
949,.= 96
91?,126
285,272
238,047
Gal.Har.A S.An. Apiil
8,341,418
7,424.381
354,030
GrandTiunk.... Wk July 4. 297,823
770,475
588,105
129„57y 125.504
Gulf Col. A8. Fc Juuc
16S,147
171,580 5,£0H,f3i. 4,955, l.=>8
lU.Ceut.iIll.&8o)|lst wk J'ly
829,437
774.961
28,448
(Icwaljlst Hk Jly
32.499
Do
43,110 1,1 3,".,340 1,120.385
llnd.Blooni. A W. ! st wk J'ly
44,360
44,651 1,238,094 1,137,701
j:.C.Ft. 8. A Gulf 4th wkj'nt53,789
83<',25(t
535.002
32..-.84
20, .•59
Kan. C. Bp. & M.'4thwkJ*ne
(8,753
318,593
321,243
Kentuiky Cent'l May
1 6,94
7.1,715
Erie
A
W..
June
ILakc
78,582
20416V.5
2"l3,.V27
35.16
I..Bk.A Ft.-nnth May
31,908
129,255
127,431
LRk.M.Riv.AT. May
19,131
21,789
84,756 1,859,608 1,311.587
2d wk July
83,656
I.OUK Island
179,112
; 0,4(0
199,704
L'aXVfslcrn
'Aiiril
56,051
Louisv.A Nasliv. 1st wk J'ly
234,985 230,150 7,041,241 6,786,L<9.>
37,50i
303,9711
lIar.Houj:b. A O. .Sd wk J'ni
244,276
29.653|
ei.oool
56,700 1,988,009 1,486,603
JMexii anf'int.. 2d wk July
833.519
eHex.K-.all lines June
814,901
138,207, 119,853
9,:- 47
2.^2,724
262.562
Milw'aukie A Ntt IstwkJiily
9.6861
579,429
Mtl.L.Sh.A Wes 2dwkjulj
22,600
596.371
24,428,
Minn. Abt.Liiu^ May
686,506
118,140
761,971
160,225
Uo. Kan. ATe.x iwksJune 263,718 263,70"
int. AGt.No.. 2wk8juni
85.268
119,840
Mobile A Ohio.. May
125.119
810.678
142,774
836.350
MoDfan'sLii.AT. ,VIay
291,93'.
1 .603,42»
161 ',957 1,027.2 If 1,145,181
ITasli.Ch. ASt.L Jane
147,706
36.54r
193..=.0O
H.O.&Nortlieasl June
31,821
328,140
K. Y. Ch.ASt.I. May
232.439 221,769 1,307.345 1,277.655
oS.I.L.Erle
1,230.8.')7 1.308.545 5,891.968
6.389,6113
368,76l|
N. Y. Pa. A O iMay
451,205 1,932,714 2,22.f,5S7
2603II.T
H.Y.ANewEni;. .'«ay
273.702 l,242.8.i7 1.301.3 29
84-i,5.'3
153.14'J
6N. Y. Ont.AW.!june
167,912
820.337
8.^,2M4
N.Y.Snsq.AWcsi May
86,7.^1
30-.9i405,89'i
Horfolk A We.st 1st wk J'ly
43,.S9
40.766 1,259,121
1,287,268
Korthirn Cini'l May
454 91
477,848 2,181,55
2,203,620
"
Northern Pailtli June
1,011.6 -S 1,143,121 4,605,546 5,98),5!*6
Ohio Ceiiirnl
June
42,261
98,463
Ohio A Miss
2dwk J'oe
72,67
79,272 l,62i',89
l.tg'utiVi
Ohio Soiitbirn.. June ..
26,876
27,392
201.77
2 5,872
Co May
«
Now York
New York
of
Specie.
Discounts.
AI». Gt. Ek uth'n Jnr.e
Afch. T. & S. F. May
luip.
Banks
11, 188.5:
Loans and
DaU.
$
Oregon
—The foUo'sviu^ statement shows the
Average
Bankt.
1884.
1885.
City Banks.
condition of the Associated
The latest railroad earmngs and the totils from Jan. 1 to
The statement includes the gross
latest date are given below.
obtained.
earnings of all railroads from waich returns can be
Latest Earningt Reported.
[Vol. XLI.
96'ii
ir.
cer. 1
1
1
97'»
8,
43
40 jTexas A Pac— Scrip 1884.1 3i^
60
U.S. Electric Light
50
102 W View gl.. ,» Men.l!*!;
1>4
..
6
'We»t N. Corolina.— l»t M.I
4>i
,
I
76^«
July
THE CHRONICLF.
18, 1885.]
7^
T.lnhlHtlft
t
-
BuiTLKMiurr)..
'
.i\n
itit
The In VRBTOBa* Suphlrmrst contains a complete exMhIt of
FumUd
Debt tifSlaU/.i
ami
Cities
the
and qfthe Stocks aiKt Bond*
of Railroads and other Comjmnies. It is published on the
tost Suttirday of every other month— viz., February, April,
June, A nynst, Ovtobe rand Dec.e in btr, and is fn rn ished w ithout extra charge to all rei/nlar snb.\cribers of the Chrcniclb.
Extra copies are sold to subscribers of the Chrosiolb at 60
cents each,
and
others than subscribers at $1 per copy.
to
53..
27,».55.':''0
27..
iiri-stcd
li'UdH
I'll.
9'-'6.090
40,1 it3
8;i.297
055,141
H4.2I3
24,078.088
25 ,223,801
4
2.817
',-.'l«
,IHH.H.'M»
1
.s,528
170,070,237 175,433,219 177,aOP,12«
iind
15,
'
liii.
WcHliin
MM
7,7<.!>./.'. /
101.121
581.771
016,519
I2,'/HH
Total llBldlltl™
•Tlll^
.(10
'
4,05«,7.57
23,071,500
Fr.ilh
I-
8.
of will, h *Tii. I.ul.ui.--, fl -i.Ti'.! ,To:i w mu .in.- iin.l imy.ihii- i.y lbs
sinklni; fun.
conipanv until the uiatnrltv of the i>rliicl lal of tbe Irauds (ux-rago Jiiljr
I
('incliinati
Pacinc.
(For the year ending December 31, 1884.)
annuiil report for 18H4 is just out. The substance of
the report, so far as parnin^s and net income are concernoil,
wan anticipiited by tho preliminary statement publislied in tlie
CHHoNlt'LK of Feliruary It, on page 2Vi.
NotliinK is said of the recent important agreement with the
California Uailroad Company.
Oregon
President Stanford'H remarks in tlie report are dated May 1,
1885, and lie says of the floating debt:
" Large amounts of expenditures for new construction and
equipment during the several years past have caused the
accumulation of a considerable floating indebtedness, as the
expenditures have not been provided for by the issue of stocks
or bonds. These expenditures are in addition to payments for
the regular maintenance and renewal of the property of the
company, which are continually being made as, for instance,
replacing iron rails with steel which are made from income
and are cliarged to operating expenses. The desirability of
discharging tlie floating debt thus incurred and to consolidate
To accomits scattering items into a single sum is apparent.
plish this purp(.se and to provide for future similar expenditures on account of new construction and equipment, your
board of directors authorize<l the issue of $10,000,000 of convertible bonds, bearing date the first of January, 1883, and
payable in thirty years, with interest at 6 per cent." * » *
" The Oregon Division Extension was completed during the
year to a distance forty miles north of Redding, the former
t«rminu9, and on September 1 the road was opened for traflSc
to Delta station. The cost of the construction of this extension has caused a temporary increase in the floating debt, as,
up to the closing of the books for 1884, the sale of the bonds,
which according to the tenor of the mortgage were issued on
the extension, had not been reported. The sale of these bonds
(11,600,000) will reduce the floating debt by the amount
realised therefrom."
The
&
—
—
n4.i9»,o<H)
-'
1, lt-98)'.
ANNUAL REPORTS.
Ccutrikl
,59,:'
niortgngc...
1881.
*
50.275,300
iHpnvalili)
^utelllflettc*.
?]latlvciaa
IHMl.
1883.
3lttt>catm«ttt
Hamilton &
D.ijrton.
(For the year endinij March 31, 1885.)
The annual report of this company was given briefly ia
the CllKONiCLE of June 20, page 741. The pamphlet report is
now issued, and the following comparative balance sheet to
March
81, 1883, is
made
up:
RALAKCB SHEET MARCH
Affctf—
ConBtiiK^Uon
1883.
$3,920,695
1,45H.7.^9
|.;<|nipiiiint
kial esla'.ii
C.
& M. UR.
H.
lessors
;
&
1,4)14.109
65«,t;76
1,022.013
l,146.f'66
1,146.968
07
44.^l«rg
t
i;;',-j89
382,019
41t;,l80
68.857
519,779
3.^7,753
244.2M
T. KB. C!o
McC. 1).
Tole<lo elt^vatoi-.s
Other asstts, luclndlng cash
Total assets
Liabttilies—
Capital stock
Prcfcrri'd capital stock
188S.
$4,U4<s336
415,716
213,352
MB 1,098
178,6i4
261,255
660.919
i........
&I.HK. Co
1884.
$1,019.!>81
1,464,4'>9
382,333
254,593
P51.098
Supplies and old materials
Slocks and lionds
One from railr'dii aad Individuals
C. R. <fe It. W. KU. Co
,.,....
I).
31.
4l.9.iO
60,-J8
41.:
4:<.-..'47
273,-i47
951. Oil 8
191,463
293.509
610919
$9,616,332
$:),853,026 $10,U95,833
$3,500,000
347,900
$3,'00.000 $3,500,000
449,000
449,000
Second niortKap.i Ixnuls
Con. niorf j;aKe t)ondrt, 7 per cent.
465 000
996,000
450,(100
1!>,(I00
i)9(),0(^0
Con. niorl!<a(,'« lior.ds. i>er cent.
Con. nioit;.'aKe bonds, 5 per cent.
Surplus earniiiKS
1.447,000
l,434,UiJO
911 ,000
1,434.000
2,007.932
230.383
2,14'',354
2,3 9.508
255.330
282,810
401.012
254,498
Intcre.^t
on bonds
400.000
Dividends, pay-rolls. See...
Railroad and individual accounts
368.29.5
)
235,261
2S3,821
*»,616.332
Total liablUlles
3-l5,('8
.
$9,833,026 $10,093,828
GENERAL INVESTMENT NEWS.
—
& Spartanhnrg. Tiiis company has executed
and recorded a mortgage to secure an issue of $500,000 in new
bonds. These bonds, it is stated, have all been placed, and
the proceeds are to be used in payment for the extension of
the road from Hendersonville. N. C. to Asheville, 24 milee,
LAND SALES AND BONDS REDEEMED.
and in the parcha?e of additional equipment.
The land sales in 18^4 were 399.031 acreji for .$712,473.
The receipts of the land department during the year on
Atlantic Telegraph Co.— Baltimore & Ohio.— The BMton
account of trust lands, from cash payments on land sales, Transcript has the following: "The Atlantic Telegraph Comcontr.icts, leases, &c., amounted to $4')({,69J.
The trustee.^ of pany, practically a Ne-v England continuation of the Baltithe land grant mortgage redeemed bonds of the par value of more & Ohio Telegraph Company, has been incorporated
$472,000. Tho trustees rer)orted on JaiiiMry 1, 188.J, available under the laws of M^ine and Xew Hampshire, with a capital
funds for the further redemption of bonds to the amount of of $100,000. The exclusive contract alliance with the B. & O.
$883,290.
There was at the t^ame date oustanding on .account is for ten years, and provides for ri-newals; the Baltimore &
of time sales, bills receivable to the amount of $1,3.52,9:}4.
Ohio Telegraph system agrees not to construct a line to points
The lease to the Sjuthern Paciftc, which has already been covered by tl.e Atlantic Telegraph Company, and to provide
referred to at length in the Chronicle, is touched upon, and it a terminal office or offices in Boston, free of charge. The
" Since the floiting debt of the
it is remarked of the rental:
new company does not intend to construct aline or maintain
company will be provided for by the $3,000,000 convertible an office which will not return a handsome profit. Ifs lines
bonds remaining unsold, the rental under this lease will be will include the cities of Cambridge, Lowell. Lynn, Smieravailable for dividends."
Comparative
CHRomcLE,
statistics
Ol'ERATIOXS
three years, compiled for the
A»D FISCAL
ItESULTS.
1S82.
Pas'lJers ciirriol (not Inol'g ferry)
Frekht (loud) moved
l,7»3,:^5.'i
1883.
2,04S,742
3,loi),CS»G
2,8.S;i,l)41
Earniiuf—
$
Paeseiigcrs-Tliroiigli
2,49:i,i»J6
I
1.3^0.370
I^X'ttl
Freight— Through
:
3.0i.2.1O.i
12,3l(>,777
I»C'b1
Mftll,oxi>resminiJ miscellaneous.
Total >tr.>ig earnings
1,88S,6:9
—
25,C(i2,757
c\i)eii9cn nnil rentals.
10,067,183
Bankers'
ExpeiintB
Taxes ami mlxccUaneous
],031,.'>83
Total exi>enflOs
17,101,760 1C,G50,272 17,35;t,li77
Net raruluKS
8,0(iO,9ai
8,091,149
4,800,129
Perot. oi»orHt'tf cxp. to o;irna.(ex«2-60
70-81
cluUV tuxcH and niit4C(/l'ti exitV)
0293
OESEKAI. nAI.AXCB AT C LOSE OF EACH FISCAL YEAR.
1882.
1883.
1884.
Autis—
Railroad. liiiiMlngs,
Kquipinfiit
Roal Ofltalo
Ac
,.
slm|w
luiil infti'hinery
sto.tint-rrt iiiul frrrybout
138,.').')3,43.'-.
8,221,701
1
,ftS«.ri22
1.9.'S4,23;t
081.9-8
>'"ik-* and I}ond'4 owned
Kills ni.d accounta rttcelvabte.
Matcrialii, ftiel Ac
CoMh on hand
,....,.,
1,423.141
4,091,983
8lnkinK f uu<U
United Statiw accounts
Mlacelluneoug
a,844,119
7,915,014
155,-7^
Total assets
Wobiirn. Lawrence, Haverhill, while Exeter, Dover,
Portsmouth. Nashua, Manchester, Concord, Biddeford, .Saco
and Portland will be included in the Maine-New Hampshire
Besides the regular all tho year business in the leadcircuit.
ing cities and towns, lines are t(5 be run from Nahant, SwampPort-tmouth (the Wentw^rih),
SCOtt,' Lynn, York Be.ach.
Hampton, Kye Beach, Isles of Shoals. .Straw's Point, Well's,
Old Orchard and Ferry beaches an. Biddeford Pool. The
Atlantic (.-onipany has organized as follows President, John
W, Deering; Treasurer, John J, Donovan; Superintendent,
Edward A, Leslie.
ville,
for
are as follows:
Operations-
Operating
S'^Ashevillc
2.'53.120
320,9.50
140,49S,822 111
S<,'iOi,7.0
1. .118,07
2,016.4-20
7-.9,4i»
2.') 1.758
1,.S68.373
4,738,633
21V,8S2
6,933,ai4
8,532,463
158,772
F
,907,15.-)
,-.;9s.(ii'-i
,=.17.'.I7H
,-2S2.401
6
.1.671!
.O-iil.'.TiO
:<07.4'.'9
35 (.431
0.->8.5«4
496,453
170,076,237 175,458,210 177,608,1-20
&
Merchants* Telegraph.— At tbe argument
before Judge Donohue in New York on Tuesday the proceedings were adjourned for oni' week, and until the ca.se before
Judge Sliipman at Hartford could be heard.
At Hartford Judge Shipman declined to hear the main
issue as to the propriety of Receiver Howland's contract with
Western Union, because he (Judge .Sliipman) was a shareholder of the American Telegrnpli
Cable Company. But
Merchants' should
a motion was iua<.le that the Bankers'
have the use of its own wires s'rung on the American Rapid
poles, and this he decided in favor of the Bankers' & Merchants.' Judge Shipman said that the alle;;atiori that the wireB
of the Bankers'
Merchants' (ould 1x3 identified has been
made for the first time to-day. It was imp 'ssible for him to
determine by affidavits presented by one side only whether
the wires designated were the property of the B inkers'
Merchants' or not. The locatiim of the wires has hitherto been
unknown and indistinct to the receiver. It was right, he
thought, that pending tlis action of the Court upon the contract the wires in dispute should be in the use aud control of
the Bankers'
Merchants', This is a side issue, which ought
&
&
&
&
&
<
THE CHRONICLE.
76
+« K» fafepn out of the main
''''^^t:^^ofA^^^rFrUerol.nts^isno^
XLI.
have got to face the fact that they have no rights as against
mortgage bondholders and further, that they (the stockholders)
responsiby their management of the company are the parties
and he would order that
issue,
[FoL.
;
payment of
ble for the kite-flying, ill-judged extensions and
dividends which usually bring the property to bankruptcy.
noticed for
Honston & Texas Central.—It would appear that the
Texas Central wish to get
of the managers of the Houston &
meeting
a
Co.-At
Cable
Island
equipment out of current earnR^rooklvn & Lonff
and
road
new
virtually
a
«g--ee>uent
an
at^kholde^ held in Brooklyn, N. Y„ July 14, r^ation to the ings, or by issuing receivers' certificates. Such expenses
Company
the Long Inland Railroad
new locomotives and 55 miles of steel rails on a
approved, and the officers of the as"ten
bii ding of the road was
line, to be paid for out of money that ought to go
branch
as
road
the
work on
compkny were instructed to proceed with
bondholders, can easily make the earnings show a
line
main
to
the
from
soo^Tfhe necessary permission could be obtamed
A press dispatch says that the receivers of the
deficiency.
xity authorities.
Central Railroad have filed a petition in the
Texas
^
, t
&
Houston
the Central Iowa
States Circuit Court, asking that they be empowered
rentral Iowa-Coupons on the bonds of
United
are bemg bought
and authorized to purchase ten new locomotives. Judge
Ridlroad Company, which were duo July 15,
Pardee referred this petition to the Special Master, with in*y the Mercantile Trust Company.
July 15, the directors structions to examine into and report upon the facts in the
Central Massachnsetts.-At Boston
Railroad Company met and rati- case. The Court ordered that if the Special Master, upon
of the Central Massachusetts
agreement entered into by Pres - examination, found the necessities of the road required ten or
fied by a unanimous vote the
the Boston & Lowell a Ipss number of new locomotives, then the receivers were
dent Aldrich with President Morey of
of the Central Massa- authorized to contract for the purchase of the same at once.
Ra"lroad Company, for the operation
for the Boston & Lowell The same receivers have also filed a petition for leave to rechusetts Road. All that now remains
condition bui ab e for place with steel rails certain iron rails on the Austin branch of
to do is to put the road in a
reported are that the the Houston & Texas Central road, fifty-five miles in length.
the r^umption of business. The terms
of mdebtedness The Court also ordered this petition to be referred to the
BMton & Lowell are to take the certificates
damage claims, put Special Master for examination and report.
/limited to an issue of |300,000), pay land
The
it will earn.
the road in order, and operate it for what
Mexican Central.-The gross and net earnings and the
and is subject to
operating agreement is for no speciBed time,
collections for May and for five months from Jan. 1
subsidy
Massachutermination on six months' notice from the Central
been as follows
have
Lowell.
Boston &
Tan. 1 loJune i.
itay.
setts and three months' from the
IS84.
1885.
matter of the
1884.
1895.
Central of New Jersey.—The petition in the
$1,132,155
$l,C01,72->
$274,007
$331,479
was presented to Oros'i earning^!
lease of this road to the Reading Company
1.032,345
243.931
807^211
201,503
OpM^U^efpeus;^::....
late
Judee McKennan, in the United States Court at Pittsburg,grant
$r34,511
$99,810
$iO,07G
$129,976
on Friday afternoon (July 10). It asked the Court torescind Net earnings
464,523
475,355
73,882
109.7 21
subsidy
permission to the company to terminate the lease, to
if
premises at once, and
all agreements', to re-enter on the
$1,209,8(59
$561,338
$239,637 $103,958
Total revenues
Reading
necessary to bring suit against the receivers of the
Mobile & Ohio.—This company gives notice that the August
Company for damages arising from the vanous breaches of
income, interest dividend on the first preferred income and sinking
contract also that the receivers shall pay over all
condition so fund debentures will be 1 per cent.
profits and earnings, and keep the road in good
of the
long as the Reading Company shall remain in possession
NasliTille Chattanooga & St. Louis.—The gross and net
directed by
property. The receivers of the Reading have been
for June, and for the fiscal year ending June 30,
earnings
the
terminate
to
suit
in
the
Ju(^e McKt nnan to make answer
been
as follows:
have
Central
Jersey
August
5.
before
Jersey Central lease on or
—
Fiscal Year.
J tine.proporofficials say that the Reading is again paying the daily
1883-84.
1884-85.
18S4.
1885.
coupons
of
May
payment
the
that
and
B2.-i40.7l9 $.',372,088
tion of net earnings,
$147,700 $161,956
Gross paniinss
1,303,446
1,304,002
82,267
85,797
has been resumed.
Operating expenses..
.
.
brought
been
has
Railroad
Central
Jersey
the
against
A suit
$;)3t),717
$1,068,640
$79,689
$61,903
Netearnlngs
by William Alexander Smith & Co., to recover interest due
Deduct—
$'ifi2,320
$682,273
$>l,504
May 1 on debenture bonds.
Interest and taxei ... $56,134
106,077
58,401
14.032
3.103
Chesapeake & Ohio.— Officials of the Chesapeake & Ohio Improvements
$768,397
$710,671
say, regarding the claim of the State of Wesc Virginia for
$68,536
$39,239
$212,000 back taxes and interest, that the matter is still in
$196,013
$300,243
$11,153
$2,661
Burplua
In consideration of building the road across the
litigation.
Hartford, Conn., July 11,
At
England.—
York
&
New
New
State
which
the
taxation,
from
exempted
road
was
State, the
granted by Judge Shipman
now repudiates. Appeal has been made, and at this stage de- in the car-trust suit, a decree was
the property, estimated at $1,341,000, and
cision is against the railroad company on a technicality. When for the sale of
400 freight cars and 900 coal cars.
the matter is settled by the courts, the amount found to be including 50 locomotives,
S
m
,
Sany
,,,-,,
:
,
.
.
.
;
..,,,.
due,
if
,.
any, will be paid.
Cbicago & Northwestern.- Mr. M. L. Sykes, Treasurer of
Chicago & Northwestern Railway Company, states that bonds
maturing Aug. 1, 1885, consisting of the Preferred Sinking
Fund Bonds, Appleton Extension bonds and Green Bay
Extension bonds will be prepaid in full, with interest up to
Aug. 1, 18S5, without rebate, upon surrender of bonds and
coupons. Registered bonds must be transferred on company's
books to bearer. Interest on the above-named issues will
cease Aug.
1,
1885.
Cincinnati Division of Toledo Cincinnati
&
St.
Lonis.—
The
receiver of the Cincinnati Division of the Toledo Cincinnati
St. Louis reports from July 19, 1884, to June 30, 1885,
gross receipts of $156,182 including $39,435 from receiver's certincatef . The disbursements were $153,776 and the balance $3,405.
&
Cincinnati Indianapolis St. Louis & Chicago.—The gross
and net earnings in May, and for the eleven months from
July 1, in 1883 84 and 1884-85, have been as follows:
,
May.
.
.
/ii/v 1 lo Jim', 1.
1?8J.
1885.
18B3-94.
1=84-85.
$205,195
$192,175
$2.2'21,8r)l
125.2s)6
133,6!I5
1,413.037
$2.315,S1S
1,482.506
nxedcharges
$79,899
60,0»3
$48,480
50.000
$408,821
554,250
$833,012
149,126
Snrplns
$29,816
$i,480
$231,574
$233,886
Oroiw eamln(?8
Uperailog expenses
Net earnings.
The railroad company had before the receivership pawl $100,000 on this property, and the American Loan & Trust Company and a large majority of thu holders of car trust certificates desired its sale. Judge Shipman, in his cral opinion,
said that he thought it best that the sale be allowed, and that
the decree asked would fully protect the rights of all parties
Receiver Clark is to make an inventory of the
in interest.
equipment bv July 25, and the appraisal is to be made within
twenty days'and filed in court; then the American Loan &
Company is to advertise the sale for a month in New
York, Boston, Providence and Hartford, the sale not be earlier
than September 15 at Hartford. The equipment is to be sold
in lots, and payment may be made either in cash or car trust
certificates at such percentage of their f.ice, not exceeding
The expenses of the
par, as the Court may fix after the sale.
sale are to be paid by the Receiver and charged against anything he may owe th"? car trust for use of the cars. Most of
the certificates are now held by the trustees under the second
mortgage of the railroad, who have exchanged second
mortgage bonds for them under the decree of the Court made
The decree provides that the trustees, as well
last January.
as other certificate holders, may buy rolling stock and pay for
Trust
It
is
in certificates. All the rolling i-tock the trustees buy, if any,
to become the property of the road, subject to the first and
second mortgages of the company.
New York Pennsylvania A Ohio.— At Meadville, Penn.,
& Nashville. President Zimmermann of the July 13. Samuel B. Dick was appointed receiver of the New
Nashville
Cincinnati
Ridlroad has executed a mortgage at York Pennsylvania & Ohio RR. The orders and subpoenas
I>fa8hville, Tenn., for $4,200,000 on the road in favor of Rich- issued by Judge Church in the preliminary injunction proceedard T. Wilson of New York to secure the payment of first ings on June 15 were not obeyed, and now Judge Church
mortgage bonds, of which $500,000 are to be issued to pay for ippoints a receiver of the company's property in Pennsylvania.
rights of way, grading, tunnelling, &c., already finished.
This is understood to be a move of Mr. James McHenry,
DenTer & Klo Grande.— The stockholders of this company but it is stated that it will have no bearing upon the operation
Westin London and Amsterdam protest against the assessment of and control of the road by the New York Lake Erie
$8 per share on their stock,, as proposed in the plan of reorgani- ern Company, the receiver being appointed with reference to
zation._ Their argument is based rather on the fact that it is a the disposal of the rentals paid to the New York Pennsylvania
hardship for them to pay the assessment than on any showing & Ohio by the Erie Company. Following is the half-yearly
that the money is not required. No doubt it would be more statement of earnings of the N«w York Pennsylvania & Ohio
-agreeable to the stockholders to pay nothing and come in after
road received by the voting trustees from the operating comforeclosure ard enjoy all the rights which they had before, piny: Income from rental, $843,723; dividends on Sharon
permitting the bondliofdersonlv to make a sacrifice by reduction stock, $6,209, less payments old claims prior to lease, $13,376;
of their interest. But the stockholders in American railroads total income, $836,556; net income af'ter making deductions,
Cincinnati
&
—
&
;
July
THE CHRONICLE.
1880.1
18,
|10n,R37; Hurplus from laat half-year, 1185.801; total lurplus,
1201, Ci!); income for tliis half-ycnr, $31,803 short of minimum
rental to be paid l>y Erie Company.
New Yorli Wtwt Shore & HiilTrtlo.—The
West Shore Uoid for the ipiarter enihng March
been
filed
report of the
has at liwt
it i« in follows
with the itiilroaJ tJammiajionerij.
:il
:
GriHM oariiliiKR
Uparullug extMDtea
1,\IH,(U1
V28:i.
Net \o»*
luoome, otlior touroea.
k'
%lxt
77
a^ommttcmX
'4^tmes.
COMMERCIAL EPITOME.
FniDAY NioiiT. July 17,1885.
and of MW-miU
operatives at K ist Saginaw, Michigan, have become so violent
as to call for the intervention of the authorities, and no
Strikes of Iron workers at Cleveland, Ohio,
progress has been made in the adjustment of the trouble.
this constitutes about the only unfavorable feature that
has developed during the wtek. Fresh warlike advices from
But
Doflolt
l.Ml.:f(Ja
Taxoa, intorMt, roatal*.
Afghanistan were strongly
Total Utfltlt
CMt of roiMl
Md
$101,»79,71.'«
pqiiipment
HtookH uikI IhiikIh of iKluir oonipuntes
im limiil
AocriUMl liitnriwt
BIU.I
II
4\:<.M.;
Biipiilliw
Due by Hh-.'iitii
Due Ivy o( hero
Due l>y I'oinimiilos and
speculative circles
the
however, soon subsided. Trade
for the coming autumn season promises to open with a good
Jegne of spirit, and confidence in the stability of values is.
movement from
A$ttUi.
l,&0~.iilii
••
JOi.m
ao.073
SOB.TJft
4t;3.049
Indlrlduala
C'unlK.ll haiKl
4,430.720
3,714.833
MMciOliiiH-miH
Profit uuil loos. dcBoleaey
more general
felt in
;
this cause,
tlian
for
many months
pait.
From
the Southi
especially the reports are quite favorable.
Lard futures were depressed early
Wednesday advanced
in
in the
week, but on
sympathy with other food
staples,
which speculation was stimulated by the warlike advicesr
»113,6»3,917
Total assets
since which the market has been drooping and the close is at
LiabilUttt.
940,000,000 8-86c. for Aug., 7c, for Sept. and D<jc., 711c. for Oct. and
CanltJil
60,000.(K)0
Fiiiide.1 (l«'l)t
801, 91S 7 '05c. for Nov. Spot lard, however, has been in good demand
]^)ans mill biUi parable
3,4.5I.4.M
InUTi-ston lauded debt
and closes comparatively firm at6"75c. for prime City, 6'87J^(^
1.48.S,391
Due forwaiiiw
613,t>nH 6'90c. for prime Western and 7'lOc. for refined for the Conti-^
Due roiiipaiiles and lodlviduals
7,341,.W1
MlscelUneoiis
nent. Pork has been firmer and closes more active at $11 59
$113,693,917
Total liabilities
Cut meats
for mess, with clear quoted at $12 50@|12 75.
Rome Watertown & Ogdensbargr.—The statement from maintain a recent advance, and to-day were quite firm with
October 1. 1884, to June 1, 1885, of tlie Itome Watertown & a fair demand. Pickled bellies 6(30^c., shoulders 5>^c. and
Ogdensburg Railroad Company shows
hams 10^@ lO^c. Smoked hams are quoted at ll@llj^c.
EIUIIT MOIITilS OK FISCAL TEJUI.
and shoulders at 6i^@6i^c. India mess beef is dull at |19@
188.'5.
Inc.
Dee.
1884.
per tierce; extra mess quoted $11 and packet |12@f 13 per
fZl
?1,040,.'S01
$t7,''87
$1,07-'. 486
GroM earnings
24,223
6^3,20(1
707,433
Opcrallug expenses
Tallow has been
bbl,; beef hams are lower at $33 per bbl.
Oleomargarine is quoted at
dull and closes easier at 5,i^c.
*13,858
$371,0.51
$357,392
Keteamlnii;s
4,337
5,155
$818 6?^@7c. and stearins 7J^@8c. Butter is dull at 16@31c. for
Add reuw
in
:
Cheese firmer
creamery.
$12,840
$302,548
$375,388
Total
Southern PaciHc— The statement of g^osa and net earnings
below is for April, and for four months—Jan. 1 to April 30
:
-1884.-
-1835.
AprilBo.Pac.ofCal.-N.M.Dir.
Ariz. nir..
do
Do
So. Div...
Do
do
No. Dlr...
Do
do
Jan.! (oApri/sO-
Oroas.
\et.
Oroag.
Net.
$60,107
$42,115
90,1^0
109.695
47,913
$08,779
$3^,742
17.5,575
lOl.riOl
299,497
95,878
135,230
33,700
$232,527
$103,812
357,016
472,661
105, 8W3
14."S.303
271.011
111,107
8o. Pac. of Cal.-N. .M. Div. $238,777
5'J7.318
do
Ariz. I>lv.
Do
Bo. DiT... 1,0.52,672
do
Do
Do
do
No. Div...
Sonth Pennsylvania.
390,829
$141,495
331,998
451.458
147,682
636.307
1,040,492
343,852
— Chief-Justice Sedgwick of the Supe-
Court in New York, has denied the application of Rilph
Bagaley for an injunction against the South Pennsylvania
Railroad Syndicate and others, to prevent them from carrying
out the scheme for the building of that railroad, and to restrain
f contracts to wiiich the American Conthe carrying out
rior
>
Btruction Company, the railroad company and the syndicate
are parties.
press dispatch from Qalveston,
Texas Railroad Pool.
Tex,, July 16, said " An important railroad meeting convened
in this city yesterday, at which all the leading railroad
interests of Texas and Louisiana were represented. Tlii«
meetmg is the outcome of an agreement signed in New York
the latier part of June between Jay Gould, (;. P. Huntington
and Greorge Sealy, of the Gulf Colorado & Santa Fe Railroad,
Texas Central, to
and B. O. Clark, receiver of the Houston
pool all business for a period of five or ten years, each interest
to work offensively and defensively with the others. The
present conference is for the purpose of agreeing upon the
No business was
basis of this general pool upon all business.
transacted at to-day's meeting beyond a general interchange
of views. The conference will continue several days. The
indications are that a harmonious basis will be reached,
whereby the present ruinous traflic rates in Texas and the
Southwest will be abandoned, and Texas roads thereby b<>
enabled to at least pay their running expenses and fixed
chargts.
—A
:
&
—
Texas & St. Loais. A number of the security holders of this
railway met in the office of the Central Trust Co., on July Id,
to discuss measures for the protection of their interests. J.
W. Paramore
presided.
Remarks were made by receiver
Fordvce, who said that the narrow gauge of the road, low
freight rates, and the drought during the past three years, had
all worked against the prosperity of the company.
He recommended that the road be changed to standard gauge, in ordei
that it might lie enalile<l to compete with other roads. Tlie
estimated cost of changing the gauge is ^2, •'500,000. One plan
suggested is to issue first lien lx>nds for the purpose of raisinj;
the money necessary to chanije the gauge and extend the liii<
northward. George Coppell, William Mertens, J. W. Para
more, Bklward A. Price and Mr. Miircus, were appointed t
committee to consider a plan and report at a meeting to be
held next week.
at 6J^@8J^c. for State factory.
The number of swine slaughtered at eight Western towns
March 1 to July 8 was 3,457,431, against 1,971,040 at the same
towns for the corresponding period last seaeon. The following is a comparative summary of aggregate exports from
October 37 to July
11:
1884-85.
1883-84.
28,040,^00
Inc. 10,25&,20O38,290,000
Inc, 63,316.866
25a,124,8.-,3
318,441,719
luo. 58,730,230
152,081,882
lbs.
210,815,112
Lard....
for fair cargoes, but closes
Rio Coffee has been firm at 8 gC.
_
quiet; mild grades active; options were variable; j'esterday
but
to-day only a limited busithey were active and buoyant,
ness was done at 7c. for July 7*15c. for September, 7*30c. for
December and 7-40c. for February. Raw sugars have declined
fully He. per lb. and close at 5(a5i^c. for fair to good refining,
but at this reduction the business to-day was very active,
embracing 1,730 hhds. and 10,000 bags on the spot and 5 cargoes to arrive; refined unsettled. Molnsses declined, with
the close nominal at lOJ^c, for 50 deg. teat. Teas very quiet
for speculation.
The market for Kentucky tobacco has continued didl, the
sales for the week amounting to no more than 75 hhds., of
which 50 were for export at nominally unchanged prices.
Seed leaf has been moderately active, and the sales for the
week are 1,000 cases, as follows; 100 cases 1884 crop, Connecticut, 14@16c.; 100 Citses 1834 crop, Wisconsin Hivana. private
terms; 150 cases 1881 crop, Pennsylvania, 6^@9c.; 300 cases
1883 crop, Pennsylvania, 7@10c.: 100 cases 1883 crop, Pennsylvania, 6® lie. 150 cases 1884 crop. Pennsylvania, 8<g 12c.;
100 cases 1884 crop, Ohio, 53^c., and 100 ca-es sundries, 5i^@
38c.; also 300 bales Havana, 60c.@|l 10, and 150 bales Sumatra, $1 20@$1 60.
The speculation in spirits turpentine has been variable without much activity until to-d»y when a large selling movement caused some depression in values, about 1,300 bblschanging hands at 88>/^c. for August, 38%@38J^o. forSept.,.
and 39ia38J^c. for Oct., and quoted on the spot at 88c. Rosins
have remained quiet at $1 20(3 $1 22U for strained. The
speculation in crude petroleum certificates has continued
brisk, but at prices showing a feverishly unsettled market,
closing to-day at 94J^c. Crude in barrels quoted at 7)4@7}^c.;
refined in barrels for export 6fi@ 8}^c., ana in cases 9?^® 10}|c. ;.
Pork
Baoon..
lbs.
,
11)8.
;
naphtha
7c.
In metals at to-day's exchange pig iron certificates were
dull and nominal; bids $15?^@$15;i, and $16>^@|18-8 asked.
Tin quitt and decidedly weaker for spot, which closed with
il-80c. best bid; futures closing steadier at 20-15(3 20 90c. Tin
Copper quiet; Lake at i0-90(gll'15c.
jiate neglected.
Baltimore, 10-25@10',50c.; Orlord, 10 25@10-50c. L'.ad steady
Spelter quitt and stejdy at
domestic.
<t 405@4-25c. for
4-25@4-85c.
Ocean freights have been fitful, but close fairly active; lib•ral shipments of oats to London at Is. 10i^d.(a2s. per quarer; also corn or wheat, 2^d. to London and Liverpiol, 'i^i<3,
o Hull, SJ^d. to Glasgow and Z]^d. to L?ilh. Petroleum
ooanera have also been more active at firm rate.°.
8
e
1
THE CHRONICLE.
78
COTTON.
Feiday. p. M., July
as indicated by our telegrame
week ending
from the South to-night, is given below. For thereached 1,97^
receipts have
this evening (July 17), t'le total
previous
toL.againft 1,263 bales last week, 1,643 bales the
17, 1885.
The Movement of the Crop,
bales three weeks since; making the total
bales, against
receipts £-ince the Ist of September, 1884, 4,719,131
showmg a
4.798 f)S4 bales for the same period of 1883-84,
decrease since September 1, 1884, of 79..553 bales.
week ard
2,1515
Mon.
Sal.
Seeeipts at-
Fn.
Thura.
Wed.
rites.
32
14
173
7
26
7
39
Indiaiiula, &c.
89
277
27
57
Orleaua...
Mobile
Tolat.
500
10
1
38
3
6
3
morida
Savannah
5
1
Brunsw'k, 4o.
Cbarleston
Pt. Royal,
2
89
5
89
<fco.
Wilmington
4
1
Moreli'd C.,&e
2
Horfolk
5
1
22
Hew York
206
540
PUladelp'a,
Totals this
940
1.972
10
30
80
Boston
Baltimore
lis
120
2
<fco.
week
14
22
40
313
206
543
We8tPolnt,&o
184
324
316
66
1421
For comparison, we give the following table showing the week's
and the stock to-night,
and the same items for the corresponding periods of last year.
total receipts, the total since Sept. 1 , 1884,
1883-84.
1884-85.
geeeipls to
July 17.
TMs
Since'Sep.
Week.
1,
ealveston ...
Ind'nola.&o
173
Kew Orleans.
500
7
MobUe
33
Florida
Bavannali
Br'8w'k,&o
3
6
Charleston...
8
Pt.Eoyal,&c
89
WllmUgton..
5
M'hcldC.,&c
Korf ol;
W.plnt.&c.
Kew
York...
Boston
Baltimore
...
Phlladel'a.&c
1884.
This
Week.
107
456,438
11,013
1,513,797
229,152
76,505
720,497
10,8i7
510,999
7,682
93,615
590
48
6
360
9,621
14 *548,829
22 283,058
40
68,076
313
83,205
206
42,345
548
53,412
Stock.
Since Sep.
1, 1883.
197
4
135
468
72
1,751
1885.
591,368
8,475
1,513,434
253,143
42,894
653,961
8,084
417.375
13,705
91.753
12,658
578,256
222,000
108,137
184,835
30,871
67,735
1884.
1,530
1.341
8
26,71 6
4,372
2
1,560
42,936
3.720
1,293
1,425
296
761
1,301
764
361
9
187,148
6,310
2,783
6,235
184,603
6310
2,869
8,343
Total
1,972 4,719,131]
3,810 4.798,684 239,374 253.622
* 2,3a* bales deducted as correction of receipts at Norfolk since
Beotemtier 1.
In order that comparison may be made with other years,
^ve below the totals at leading ports for six seasons.
Beeeipts
at—
MobUe
38
6
97
5
36
avannah
Charl'sf n, &c
&c
Hortolk, &o..
All others
Sot. this w'k.
1884.
180
500
Orleans.
Wllm'ijt'n,
1,110
1,972
1883.
10
1882.
2,221
2,895
590
45
360
67
124
7
111
739
3,810
82
633
532
326
2,001
9,208
1,092
3,808
699
636
687
625
8
1,959
5,004
2,299
1880.
2,717
4,736
1,115
41
794
108
201
2,430
1881.
9,150
2.598
2,7oO
19,362
13,148
1. 4 719,13l'4798.684 5925.19414648,865
574r407 48S(\043
Galveston includes Jndlauola; Cbaileston includes Port JKoyal,
Week Ending Julu
rrom
17.
Sept.
Xxported to—
Great
BrWn. France
8,775
Cbntt-
Total
nent.
Week.
887
8,782
norlOa.
BaroaQab
Oharlealon*.,.
Wilmington...
Korfolkt
nill«lelp'a,«c
TotaL
8.078
97
554
1.054'
12.553
i.oie
..
1,016
Great
Other
Great
France. Foreign
Britain.
New Orleans...
64,145
832,480
Galveston
Norfolk
New York
Other ports
361,472
!
,324,697
700
43,830
199,256
390.858
839,985
8.375
47.254
153.515
14,040
25,870
188,709
8,087
40,871
727,102
129,825
189,295
5,816
67,695
147
554
129,005
123,337
1,054
62.079
2,594
500
Total 1885.
1,173)
3,615
6,576
17,460
.
.
85.882
845,306
18,«04 2,418.571 397.139 1,026,831 3,839,541
Total tRS!1.R4 21.082
I.R93 23.919 2.41Q.073'465,846
* Inolndes eiporn trom Port
Koyal, dto.
Inolndea eiporte from West Point Ik.
I
611
None.
None.
None.
None.
None.
3,900
100
2,449
93
5,641
233,733
2,100
2,429
50
9.899
24,724
243,723
312,952
1,900
I
918.089 3.791 ,7l0
Stock.
Total.
wise.
I
1,320
1,100
I
There has been more activity to the speculation in cotton
market for the week under review,
with prices taking a wider range than for some time past. On
Saturday there was great depression caused by the favorable
Bureau report, and there was a further decline on Monday
from the same cause. On Tuesday this crop opened depressed,
but the next crop showed some degree of steadiness, and later
in the day, when the appearance of the cotton worm in Texas
was reported, there whs a general improvement, this crop
recovering most of the early decline and the next crop closing
3@4 points dearer. On Wednesday there was a brisk opening
with Liverpool better, but there came almost immediately the
news of a Russian advance in Afghanistan, a decline in consols and other disturbing intelligence, under which prices
gave way rapidly, closing 5@11 points lower. The greatest
depression was in September contracts under the impression
that the new crop will mature early and be marketed as rapidly as possible. Yesterday the market was quite unsettled,
but the close was at a slight improvement, except for this
crop. To-day a variable market closed at an irregular decline
making a reduction for the week of 20@ 85 points. Cotton
on the spot has been only moderately active. The demand
has not been urgent, either for export or home consumption,
and although stocks are light, quotations were reduced l-16c.
on Saturday, Monday and Thursday, and }gC. on Tuesday.
for future delivery at this
,
The stoppage of several cotton mills in this State was
announced yesterday.
To-day the market was quiet and
unchanged, middling uplands closing at 10 3-16o.
The total sales for forward delivery for the week are 483,900
bales.
For immediate delivery the total sales foot up this week
5,250 bales, including 2,476 for export, 3,774 for consumption,
—
—
and
for speculation
in transit.
were to arrive. The following are the
each day of the past week.
UPLANDS.
ITEon Tues
July 11 to
July 17.
Sat.
Ordtn'y.^lb
Strict Ord..
Oood Old..
8
8ifl
858
89l6
938
9''l6
9'''l6
G'd Ord
9%
1014
107,B
1058
11
1158
G'd Mid 1013i8 10%
Midd'g Fair 113,6 11%
11%
11'3,«
Wed
99,6
915if
9161, 1014
8tr.
Fair
8%
10%
Ordln'y.SS)
Strict Ord..
Good Ord..
Til.
Str.
8
I
71618
838
93i«
99|a
87,6
914
959
915,8
G'd Ord
Low Midd'g
Str.L'w Mid 10%
MiddUnK...|10i4
Good Mid.. lO'i,
Str <5'd Mid 1058
Midd'g Fair 1
Fair
lisg
!
i
I
I
I
101,6
103,8
1038
109,8
1015,6
119l«
Wed
715
8%
a.j,6
89,6
933
103,,,
103e
109,6
1015,,
119,«'
STAINED.
Strict
9%
101,6
10^4
1038
109,6
10%
11%
11%
Sat.
(Jood Ordinary
^Ib.
Good Ordinary
713,6
8%
Low Middling
95,8
915,8
Middling
official
Mon Taea
Sat.
8>8
89l6
938
85l6
8I4
811,8
8%
99l6
»%
9%
938
8%
9%
915iB
103,8
1038
lOHi
Til.
Frl. W^cd
8%
8',
8%
8%
89,8
938
9°18
96,6
^911,8 ^9.1,6
9%
101,8
103,6 103,6 IOI4
105,6 10=>1« 1038
10% 10% 109,8
1011,8 1011,8
10%
U'le 111,8 11%
il'',8 1111,6
mon Tnes
7%
8716
9k
978
bales
TEXAS.
mon Tues
8H
8II16
9%
—
quotations for
101,8 1014
1014
107,„
1039
109,8
10% lOUie 109,8 10%
lOiSje 10^8
10% 101318
11% UB,g
'}?!« 11^4
ll'°16
11% ll'°18
lO'ie
109i8
Frl.
99,6
9 '8
101,8
Of the above,
NEW OBLEANS.
Sat.
861,
9J4
958
Low Midd'g 10^ lO'i,
Str.L'w Mid 105,
1014
Middling'... lO'ia 103g
Good Mid.. lOOg lOSifl
lOiia
10>4
10% 1038
1011,8 109,6
lo^a
10%
Ilk
75b
85,6
9%
9%
9%
9%
11%
11%
Th.
Frl.
81,8
1>
8%
8%
95,6
^9.1,8
10%
95,6
10%
1011,6 lOlijg
ll'ie 1H16
1111,6 ll'Ii a
11%
W^ed Th.
7=8
85 16
9%
103,8
103a
79i«
8I4
9^16
9"l6
Frl.
79,6
8%
»ll6
911ig
SALES.
rhe total sales and future deliveries each day during the
week are indicated in the following statement. For the convenience of the reader we also add a column which shows at a
glance how the market closed on same days.
8,58.-
620
I
Coast-
98
None.
None.
None.
None.
None.
None.
None.
HASEET AND
Total.
11,899
22,259
SO
449
None.
None.
None.
None.
None.
1,500
1,000
None.
None.
None.
None.
None.
None.
580
None.
91
None.
None.
None.
None.
None.
Mobile
Charleston
Total 1884
Total 1883
Shipboard, not cleared—for
Leaving
17, AT-
!
rUTlt.
8,683
179,903
184,211
13.087
6,035
Oonti-
167,1)48
9,819
895.863 298.846
43,130
3,993
..
1884, to July 17, 1883
Britain. France
61,822
813.260
491,229
..
1,
Exporttd to—
MoWls
Boston
Baltimore ....
On
JOLY
142
WjlminKtonincludesMoreheadOity.&c; Norfolk includes West Point'&c&c'
rr^n^^^? ^"^ ^^^ "^^^ ending tlus evening reach a tota'
or 18,604 bales, of which 13,553 were to Great Britain,
1 016
to France and 5,035 to the rest of the Continent, while
the
tocks as made up this evening are now 239,374 bales. Below
>re the exports for the week and since September
1, 1884.
Kew TorK
&
1,423
2,616
5,347
Mnoeaeit
OalTeston
New Orlewu..
We
Str.
1885.
6alve9t'n,ifeo.
Kew
we
[Vol. XLI.
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on sliipboard, not cleared,
add similar figures for New York,
at the ports named.
which are prepared for our special use by Messrs. Carey, Yale
Lambert, 89 Broad Street.
Savannah
112
12
Oalveston
New
6
BALES OF SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
Sat.. Easy at
Mon
.
Export.
dec
1,6
Dull at 1,8 dec..
Tues. Dull at % dec
Wed Steady
Thurs Quiet at i,a dec
Frl.
.
Easy
....
63
1,281'
657(
.
Total
Oon- Spec- Tran- _
,
Isump ul'l'n sH. .'>'«»*•
.
450
25
,
246
416
200
870
557
485
2.476 2,7741
246
479
1,481
1,527
1,007
510
Sales.
72,400
63,800
81,300
84,700
110,900
70,800
5,250 483,900'
The daily dellrertes given above are actually delivered the day
previous to that on which they are reported.
:
1
JCLV
Tn"
THE CHRONICLE.
18, 1885.]
—
•^\-r".
"vTf-'i
•
.
:
OF Futures are shown by the follow-
.In
etat«>iiient will lie found thr
''f sales for each month each day, and
dailj
the olosinK bida, in addition to the daily and total sales.
ing
1
—
i
the
.
.
«
I3
pif
f2g|
m
i3ii
a.
79
Thx Vibiblk 80PPLT OF Cotton
mode tip by cable
and telegraph, in an foIIowH. The
tockn. as wfll SB
those for Great Britain and the afli
WeAl<*H rcliirnp,
and coiiso<)uentIy all the European
hr
ninires are
vn
Fin ntctires
ai
to ThufHclay evening.
But to make the totaln II
te
figures for to-night (Julv 17), we add the item of
the United Stateb, iacluuing in it the exports of Fi
<
fltook at I'irerpnol
ill
-J
a-
•
B
bale*.
Btookat txmdou
B.eE
!
TotHl (ireiit Britain stook
Stook at Haiiiliiitx
.
in
a: -I
"
"J
Si"
oo
too
f.
5
2
tare
400
000
^
Q»
;
-o
1
1
2
:
c
_
o
(CO
e<3
2
croc
o
cjt
eo
c-i
ao:
I
I
<
CO
2
I
-i®
2
900;
i
cc-joci,
-"1
-j
o^
COCO
ftS)
9c<>:
I
15
2
9p;
I
o
OOoO
I
^Vio^'i
I
CCtO
^1
t^ to
cico
cr.a
;
coco
I
CO
Ki
I
2
Total American
£att Indian. Brazil, iCc.
Uverpooi stock
London stock
Oontineutal stocks
India alloat for Rurope
2
9®:
Total East India,
Total American
I
<0C0o<0
^
COCO
Zf
2
M -^ O M
227,800
31,000
337.678
23,679
2,300
,')5,172
24.000
217.728
31,022
4,900
I,34»
—
731,000
221,000
09,000
337,076
55,172
4,900
470,000
80.000
72,000
217,726
31,622
1,157,015 1,177,601 1,421,718
872,093
.'SS.OOO
53'?,000
2^0,000
80,000
253,622
23.670
2,300
257.000
46,100
129.400
256,000
31,000
310,000
86,600
147,800
334,000
24,000
800,600
719.500
1,157,015 1,177,601 1,121,718
912.400
872,693
229.000
23.000
118,000
ll.'i.OOO
4,000
&0
323.000
55.000
167.600
229.000
26,000
1,345
489,000
Total visible supply
1,616.045 1,978.201 2,111,218 1,785.093
5iid.
Prlc«Mld. Upl., Llveriioo!....
6i6,gd.
6'4d.
S'lsd.
Price Mid. Upl.. New York....
lie.
lOo.
lO^'isC
12%o.
e>«:
COCOo^
26,000
2.'i3.«22
213.000
69.000
239.374
20,471
2,200
Eftypt, Brazil, <bo., afloat
90*
cdC CO
CCCO
-j-j
4.000
239.371
20,471
2.200
Liverpool stook
bales
Continental stocks
Atnertoan afloat for Europe...
United States stook
United States interior stocks..
United States exports to-day..
sr-
CC JJ
9«'
3S0,40O
American—
a.
CO
*o:
COqCO
-lOcA
COO'^
^
2
447,600
Total visible siipi>ly
1,616,045 1.978.201 2.141.248 1,,78f>,09S
Of tbe above, tbe totals ol American smd otber descriptions are as follows
.;.mO<eco
-4-j
361,000
2
»?;
^o
2
0,U00
11,000
Egri)t.Brii/.il,.V<i.,afltf(irE'r'pe
OOoO
ICI0^*<
CD
cotso* «!£§tO
r0_^O
5
2
•^-^
««:
ccco
1
o
010
2
00
6©o6 66o6
00 o5D
^'
2
wo:
fiS.OOO
Stock In United States (lorts ..
Stock In U. S. Interior towns..
Onlted States exports Co-day..
gr^^l
«»?'.
ceo
<ce>
a»cs
1
I
»CO« -OOoO 0060
!5p»
I
I
«»:
ego cc—CoO i2§2 i2§2 oooo cooo
6o6
=
CO
CO
&"
-i
o»
2
OOX,-.'^
1
183,000
4,000
Total Europoan BtockB ....1.10«,000 l,3fl3,COO 1.387,500 1,101,400
India cottnii alluat for E»r()j)o. 11.5,000
229.000 266,000 331,000
Anier'n cott'ii alloat forKiir'j>e
ca.ooo
80.000
69.000
72.000
»-*
I
816,000 1,037,100
0,200
3,800
70,000
48,900
M,000
34,000
1.000
2,300
8,.'S00
3,100
21i;,000
134,000
6.000
9,900
71,000
79,000
12,000
18.000
12,000
12.000
.
Total Continental stooks
5
?
<?9
I
I
I
10,100
83ft,0OO
Stook at Gviioa....
Stook at Trieste
OoeO ooSo OOaO OSis: OOoO
66=o OSCJ
CP
K<J^
CO
0!D 5 CO ^ OO
00
!^
i>i
o
9f»1.000
fiS.OOO
4,800
tTre
lUes..
.Trelona.
10*
2
'^
Clio
is
861,000
43,000
2
CM
812.000
23,000
r
£aos)
r- — 00"*
.••
18-1...
4,1,400
I
o
00
1884.
I
II
^.
18HS.
to
COCOqCS
^g~ The imports
into Continental ports this
week have been
68,000 bales.
CO
The above figures indicate a decrease in the cotton in sight
to-night of 333,155 bales as compared with the same date erf
1884, a decrease of 495,203 bales as compared with the corres'
ponding date of 1883 and a decrease of 139,048 bales aii
compared with 1882.
cso
^o
1
5
ticM
*^
aco:
cscoScs
-l-'lO^'l
tO^I
5
2
atp:
CO
cococco
2
coco
-j-j
I
CDCOo® ceo 5=3
<13bO^
obi)
I
At THE
0000
»-to
"1
coco
ccob
2
100
^r:
I
9
—
ocooce
— — ot
t
obto
£
'^
CO
10
X ©:n
*!
CBCO
CO
IJ
»
coco
(©
P
^
to
coco
coco
O.U0
f-
cocooco
»..
cox
xoc:
CO CO
CO
•iOc!
00
66
5
1
s
2
IJ
^t ?^^?°
mX
CCO
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"^
oo
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00
5
2
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eco « CO O *1
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.
9T
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00 5
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io>:
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9
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2i82
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I
ga
.
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c.
Ik
TJWOic^Mtf-coffici
'
«:
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M
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(^MMMtOCi-^C5C:r-'*JtCOCiwQDinifrO>
Oita
to*
•
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•
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,
tACDOi-^'
;
.
-atotf!*^.
.
M
'
CO
GO
to
?
2
M
tSM*.
O C *" O i" O H
:
K)Ok>
CJ
a\z
en 03
o:oc;tcoco
on
M
m;
;
t^'t~"
•
i^to;
;
vitd>-iasi«^00M
com;
;
©-.1
<it-n^
M^OMtOClbJ*'
4-
1
l«:
I
'
.
:
coo
o=>
Oto
I
l«:
I
9
^
-
O oO =
Or- M
rCO
a CC
X » p
M
tOtO
W-JUlk. M-
-4»
oj
<
00
COOoO COoO
6©oo
6606 6606
w__o ^CB I-
00
89
b5
I*-
00
66
— — »
>-
la
o
X. r *;
;
ft
00»
2
•<
'^
J
000
:
cccoOco
C7.
^
;d
;
ecoo<9
I
Interior
week and
for the
a
»?:
CO J!
—
Towns the movement that is the receipts
since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1888-84 is set out in detail in the following statement:
§
2
%?,
CO
?
9r
COX
I
«C3
coco
:
i.M
"
I
I
S;
I
I:
I
»:
^
^< i-«wkoo*
Ci::o
.
perOr
I
M
to
I
158,200
;
Septem-
M w *j 71 y« x
,iher. for November.7,800; BepteuiberJanimry, r-.r .l niujiry, LMM.li.i
.-'.i.u-iiii.tr-l-V''r(i;irv. for Febniiirv,
l,95i»,200; .SfpteinbiT-Mari'li. f.ir Mur. h. 2.29-1,100; S('ptonilM-r-Ai)ril.
for April. 1,7:18. r.<»U; Ht'pttiubui-.M...v, for May, 1,878,500; Septcinbcr-
582.20;
M
co»JK)(o wauMOi«*-c;coC"«4tc'^io<fcM
c-t
C;tiM>CSXCOM-.|*.WV<OiOVCCtOw'»00
;
JiiDP. for Jiiiiu. 1.800,700
iiave iiicludeU in the above table, and shall oontlaae each
iree]
eek to -rtvf?. th.' arrniffe prlc** of futures each day for each month. It
"» '|»
will
II dav foUowlni: the tibbreviatioii " Aver."
The
•vern
for the wo«k Ih also tciven at bottom of table.
Tthi.
Hiitunlay. 10 2'c.: Moiiduy, 10 loo.: Tueadav,
10'10<-.;
lij. otlo, lO-lCc; Thursday, lOlOc; Friday, lOOOo.
HT
A
;
m;
w-g
tji*
MjO
M
Mi;
UO-*C>0D
tDM^^O|
•
roto'
M* *•»
We
-
I
10
W
The following exchanges have been made during the week
•08 pd. to exch. 100 Dec. tor Jan.
•45 pd. to exrh. 5O0 Ot:c. for Aug.
* 34 pd, to exch. 100 Oct. for Aug.
I
|
-10 pd. to exch. 100 Sept. for Ang.
40 pd. to exch. -100 Dte. for Jan.
-35 pd. to exch. 300 I>ec. for Aug,
Cd
Mik:;i
T
-'0:^0N-
I
I
'-..„
bales less
I
O ^
QlSiMCOCC-'ISD
tlgnres estimated,
show that the old interior stocks have
during the week 4,919 bales, and are to-night 3,306
than at tbe same period last year. The receipts at
„..,ve totals
rlecreasp.d
I
;
—
7
..
THE CHRONICLE.
80
same
the same towns have been 1,894 bales less than tne
week last year, and since Saptember 1 the receipts at ^1 the
towns are 2^7,805 bales less than for the same time m 188<J-a4.
Quotations for Middling Cotton at Other Markets.—
middlinK
In the table below we give the closing quotations of
each
cotton at Southern and other principal cotton markets for
day of the past week.
Week ending
July
17.
Oalvestnn
OLOSINO (jnOTATlONS
Saiur.
. .
New Orleans.
Mobile
10i«
10
91616
..
9'8
S's
9->a
10
10
10k
lOk
ID'S
10 1«
Boston
Baltimore
ll">8
10=8
tOlj
Pbllndelpliia.
AugU8ta
10^
lOk
Memphis
Id's
LoHls
CinriUDati
ID'S
1014
101s
10»s
lOifl
10i«
10J4
lOis
1038
10>«
1038
. .
10
10
10%
lOH
Bt.
I>ou)»Tille
lOJfi
916,8
10
10
WUiiiinKton
Norfolk
Tues.
Jfon.
\0H
FOB jnODLISO COTTON OS—
Wedtiet.
Thw:
Idia
10
,S«
10
10
10
1014
10
SL'»"
9%
10
10 14
10
FH.
10
9%
9%
g'a
10
lOH
1069
lOi*
1019
10%
10\
10%
10%
10%
10%
10=8
1069
IQis
10>«
1014
10>8
10
10
10
10
10 14
1014
I0>4
10%
10%
10%
1014
10>4
10
10
10%
lOk
Amount of Cotton in Sight July 17. —In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to July 1, and also the
takings by Southern spinners to the same date, so as to give
eubstantially the amount of cotton now in sight.
1884-85.
1883-84.
1882-83.
1831-82
4,719,1314,798,684 5,925,191 4,648,865
Ttecelpts at the ports to July 1
Interior stocks on July 17 In
•13,803
'20,912
6.376
47,751
excess ot September 1
Tot. rexjelpts from planta'tns 4,725,.'507 4,777,772 5,972,948 4,63."i,C62
637,698 464.336
60), 5661 573,605
to July 1
318.000 229,01)0
2«l,0<J0l 292,000
1
Net overlaml
'.Southern consumpt'n to July
5,582.073 5,643,37'; 6,928,616 5.328.398
Total In sight July 17
Iforthem spinners' takings to
I.S.'^n. 437
July 17
1.^23. -.31 l,68'i.214'1.57.'>.Ono
I>6ore»8e from Sftptember 1.
It will be seen by the above that the decrease in amount in pl^ht
to-night, as compared with last year, is 5t.304 bales, the decrease
from 1882-8 f is 1,336,573 bales and the Increase over 1881-82 is
*
263.675
bales.
Weather Reports btTeleoraph. —Tlie weather
has continued to favor the growth and development of the cotton
plant during the week, and in ccnsfquence it has made
excellent progress.
—
Galvesto7l, Texas. We have had one shower during the
week, the rainfall reaching eighteen hundredths of an inch.
The thermometer has averaged 85, the highest being 93 and
the lowest
75.
—
dredths.
to 94.
[Vol. XII.
The thermometer has averaged
81,
ranging from 68
—
Leland, Mississippi. There has been rain on one day only
of the week, though it has rained all around us. The rainfall
reached sixty hundredths of an inch. The crops are generally
in good fix." The thermometer has ranged from 66 to 91,
averaging 81.
Little Rock, Arkansas. Telegram not received.
Helena, Arkansas. We have had thunder storms on two
days, and the remainder of the week has been pleasant. The
The crop
rainfall reached one inch and sixty-five hundredths.
is developing promisingly, except that there are slight comThe thermometer has averaged 83,
plaints of grasshoppers.
the highest being 94 and the lowest 68.
Memphis, Tennessee. It has rained on three days of the
week. The cotton crop is abundant and in splendid condition.
The thermometer has averaged 799, ranging from 71 to 94.
Nashville, Tennessee. It has rained on four days of the
week, the rainfall reaching one inch and ninety-eight hundredths. The thermometer has ranged from 65 to 90, averaging 78.
Mobile, Alabama. Wo have had rain on three days of the
week, the rainfall reaching one inch and thirty-four hunThe crop is developing promisingly.
We hear
dredths.
rumors of the appearance of worms, but think them of vefy
little importance.
Average thermometer 80, highest 98, low-
—
—
—
—
—
est 71.
Montgomery, Alabama.
—It has been
showery on
five
days
of the week, the rainfall reaching one inch and forty-two hundredths. The crop develops finely. The thermometer has
averaged 81'1, the highest being 94'1 and the lowest 71'1.
have had rain on two days of the
Selma, Alabama.
week, the rainfall reaching eighty-three hundredths of an
inch. The crop is developing finely in some sections, but
from others accounts are less favorable. The thermometer
— We
has averaged
80.
Auburn, Alabama.
—
It has been showery on three Jays of
the week, the rainfall reaching seventy-two hundredths of an
inch. The crop is developing promisingly, and the plant
looks strong and healthy. The thermometer has ranged from
70 to 90, averaging 79.
—
Madison, Florida. It has rained on three days of the
week, the rainfall reaching one inch and fifty hundredths.
Average thermometer 83, highest 100 and lowest 70.
Macon, Georgia. We have had rain on two days of the
week, and the crop is developing promisingly.
Columbus, Georgia. Telegram not received.
Savannah, Georgia. It has rained on one day and the
remainder of the week has been pleasant. The rainfall re iched
forty-four hundredths of an inch.
The thermometer has
ranged from 74 to 94, averaging 83.
Augusta, Georgia. The weather has been very warm during the week (with heavy general rain on four days) and highly
The rainfall reached three inches and
beneficial to the crop.
four hundredths. Reports are good; cotton is coming on
Average thermometer 78, highest 98, lowest 73.
finely.
Atlanta, Georgia. It has rained on three days of the week,
the rainfall reaching forty eight hundredths of an inch. The
thermometer has averaged 79'1, the highest being 90 and the
—
—
—
—
Indianola, Texas. The weather has been warm and dry
The crops are splendid. The thermometer has
all the week.
averaged 84, ranging from 77 to 95.
Palestine, Texas. Warm and dry all the week. The crop lowest 68.
Charleston, South Carolina. We have had rain on two
'develops very satisfactorily. Tlie thermometer has ranged days of the week, the rainfall reaching one inch and seventyfrom 70 to 93, averaging 83.
two hundredths. The thermometer has averaged 81, ranging
Huntsville, Texas. We have had warm and dry weather from 73 to 93.
Stateburg, South Carolina. It has ruined lightly on one
Crop prospects magnificent. Average therall the week.
day and heavily on two days of the week, the rainfall reachmometer 84, highest 95, lowest 74.
ing two inches and fifty-seven hundredths. Average therLuling, Texas. The weather has been warm and dry all mometer 78 -6, highest 93, lowest 69.
Wilson, North Carolina. Telegram not received.
the week. The crop develops promisingly. The bottom crop
The following; statement we have also received by telegraph,
is safe and very abundant and picking will soon begin.
The
—
—
—
—
—
—
—
be forthcoming in a few days. The thermometer
has averaged 85, the highest being 96 and the lowest 75.
Columbia, Texas. The weather has been dry and terribly
hot during the week, but crops are excellent. The thermometer has averaged 84, ranging from 73 to 102.
Brenham, Texas. We have had dry and warm weather
The cotton plant looks strong and healthy.
all the week.
'The thermometer has ranged from 70 to 100, averaging 85.
Belton, Texas. There has been no rain all the week, but
there is no suffering. The weather is very hot. The crop
develops very satisfactorily. Average thermometer 81, highest
101 and lowest 63.
Vteatherford, Texas.—Vfa have had no rain all the week,
and none is wanted. Crops are splendid. The thermometer
has averaged 80, the highest being 98 and the lowest 61.
Dallas, Texas. The weather has been dry and hot as
Egypt hU the week. The crop develops finely. The thermometer has averaged 88, ranging from 73 to 105.
New Orleans. Louisiana. It has rained on two days of the
-week, the rainfall reaching two inches and forty hundredths.
The thermometer has averaged 85.
Shrevi-port, Loui.siana. Telegram not received.
Meridian, Hi.isissinpi.—We have had rain on two days of
the week, the rainfall reaching one inch and two hundredths.
The thermometer has ranged from 72 to 93,
Columbus, f i ss i.SSI ppi.— It has rained on tliree days of the
week, the rainfall reaching one inch and twenty-seven hunfirst bale will
bowing the height of
July
16. 1885,
17, 1S.S4.
—
—
.
—
July
—
•
9,
Feel.
New Orleans ..«. ..•.. Below high-water mark
Memphis......... ....Above low-water mark.
Nashville
.....Above low-water mark.
Shreveport.,., .. .....Above low-water-mark.
Above low-waier-mark.
Vieksburg
'85
Inch.
6
15
4
4
8
22
27
3
9
2
July 17,
Feet.
-84.
Inch.
9
6
15
3
12
24
11
6
1
8
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 IS and 16, 1874, which is 6-lOths of a foot
above 1871. or 16 feet above low water mark at that point.
India Cotton Movement from all Ports.— The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to July 16.
BOMBAT BSCEIPTS AND SHIPMEKTS FOB POUB TBABS.
—
—
named at 3 o'clock
the rivers at the points
and July
\Shipmente this week.
Tear] arei>t
ContiBril'n. nent.
1885
Shipments rinee Jan.
Great
Britain
Oonlinent.
208,000 455.000
1884! 6,000
1883
1882
Total.
..
2,000
6,000
1.
Total.
663.000
6,000 468.000l5'<2.000 l.o O.i'OO
2,000 l-21,Oi)()|754,OI)0 1.175.000
P,000 (iflK.OOO 5«.S.0O0h,261,OO0
Receipts.
This
Week.
Sinee
Jan.
1.
4,000 969.000
6 000 1 .509,000
5 OOO l„i2i),000
ll'.OOfI 1..--.5«.000
According to the foregoing, Bombay appears to show a
dei^rease compared with last year in the week's receipts of
3,000 bales, and a decrease in shipments of 6,000 bales, and
the shipments since January 1 she w a decrease of 387,000 bales.
The movement at Calcutta Madras and other India
ports tat
:
July
—
:
raE CHRONICLE.
18. 1885.]
the last reported week and slnoe the Ut of January, for two
"Other porta" cover Ceylon,
yeazB, has been an followa,
Tutioorin, Kurrachee and Coconada.
C.
Mlllnr
1».
BritaiH.
Total.
OimMmtnt.
Britain.
II,.
15.000
41,200
51.400
87,500
Madruo1885
1884
>•
.
....
4,0(X>
1,000
17,500
1,600
2.000
2,0J0
21.600
1U,500
21,500
..
l.OM
(!<1.100
1-.:b.70«
4.000
lU.lUO
AUotherssoo
l.SOO
188.'.
1884
4!l.I00
lsi.700
e.'^uO
600
l.,^o^
l.OilO
l«8.'->
1884.....
83.000
115,500
2.000
1.000
39.500
ri'2..'.oo
S'J.OOO
l(i7..%00
The above totals for the week show that the movement from
the porta other than Bombay is 1,000 bales m-)re than wiine
week last year. For the whole of India, therefore, the total
shipments since January 1, 1885, and for the corresponding
periods of the two previous years, are as follows:
BXPORTS TO BtTROrB PROM
8k'nmenl$
Suropt
from —
Bombay
totek.
Total
Jan.
Thi$
•i'.doo
12'J,
)
2,00(1
785,^00
7,000:i.217.600
Jan.
1.
2.OO0 I.ITS.OOO
4,200 1,276,600
101000
2.200!
This last statement affords a very interesting comparison of
the total movement for the three years at all- India ports.
Alexandria Receipts and Shipsikjjts.—Through arrangements we have made with Messrs. Da vies, Benachi & Co., o'
Uverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
orresponding week of the previou.s two years.
SIttandria. Sayvt,
July 15.
1884-85.
1882-8S.
1883-81.
3,6l3!6o6
2,64l"6bo
ainet
vtek. Sept.
I.
1
1
ThU
2.25'l.6od
Thi*
Since
week. Sept.
1.
Sin'H
leeek. Sept.
.
Exports (bales)—
1,000 iO 1,000
251,000
138,000
2,000 23^.000
1,000 S8,000
2.t00 500.000
889,000
3,000 326.000
1,-100
To OoDttnent
Total Earope
*
233.000
A oaatar la 98 lbs.
2.0U0 bales.
Manchester Market. — Our report received from Manchester
to-night states that the market
We
Oldham.
is firm, owing to the tlireatened
give the prices for to-day below, and
leave previous weeks' prices for comparison.
1883.
3S« Oop.
d.
4.
1884.
8li tbe.
Shirtingi.
«.
d.
8.
d.
Oott'n
8^
Mid. 32t Oop.
IwUi.
Uplle
A.
d.
5l6lfl
515, ^
MSg
.-I.
Ootin
lb*.
SMrlinge.
«.
d.
s.
<1.
Hid
XTplai
d
» 9ie 5 8'*»7 3
6^
«»!«
8% « 9>4 5 hi.j n 3
516 H S\ 9 9>4 5 8i«»7 3
Ho .'Iday
6%
515^
596
9
8>«»7
8
9^ 5
3
•8»i«i3
6H « 8I4
68s
8
«H»i. 5 5 «6 9
8><*7 l>s e'ls
ISh
8\ «
i
" 19l7li,6-37ig 5 5 «6 11
.'.11„ sag a 9»e S
7>4t»7 1
6:>H
" 26 711,, ST,» 5 5 «6 1l
ft"*
a 9^ 5 7 97 1
66|«
Juljr 3 7''8 a87i„ 5 5 «6 1l
Bi-is
Sl'ie 8S9 • 9^8 5 7 «7 1
" 10 7iiia«8l« 5 5 96 11
8»g • S^s 5 7 »7 1
5»(i
63l8
"17 8 •8'« 5 5 wen 5>a 6H « 9>el5 7 •? 1 eV
East India Crop Prospects. — Our cable advices from
Bombay to-day stite tliat there have been heavy rains in
Bombay and In Bro.ich, and that favorable monsoon reports
Msyl.%
- 22
" 29
Jane 5
" 12
3lie»8»8 5
»8',, 15
i
6
»tf 10
5
t»
»6
8''<g
are coming from
all
the districts except from a portion of
Kbandeish.
National Cotton ExcHANaE Convention.
—
The ninth
Cotton Exchange of
America met at Greenbrier, White Sulphur Springs, West
Virginia, on Wednesday, July 15. It was called to order by
the President, Mr. W. H. Gardner, of Mobile, Alabama, who
read an address congratulating the convention on the success
of the National Exchange in developing general and local
nterest of dealers and manufacturers and in furnishing statistical information.
An expression of the views of the body
as to the basis of vahtes and continued coinage of silver was
recommende<l by the address. On the following day (Thursday) the first basiness before the convention was the ele<-'tion
of oflicers and directors for the ensuing two years, with the
biennial convention of the National
following result
I.liftit
Welntit
-•,
tli«
K'ntC
uoltiin liidt.
Tlio II port
on
llinr
iiii'iiilii'rH
Krrm
null
Thii
'WriMll
coiii'tH
of
III
wan
York
I,i<:
(Joliii
nf
:i
l.ivv
iiiir
i
-
I.
rariniis decisions of thn
ii|">i> III.' -liliji-.t iif liability
Ko to
till'
I'OrillllOll
erty
Tliroiigli illUs of
of 111" .Vi'W
fHIKIii-'-t IIm- p.ii^i;^''*
M
l-il:
i
try
li
ai'Iu;i!l\
;
I
i.
,'
'
.
tlui
nlll.H lit lUlllII
.',..1.
Ciu*eii
Im
havo iioiii ^l)J:Ill(l tu r. itul.ir form jiiiil
it afterward upiH'iiri-d Lliat no projKTiy li 111 111 I'll .'illlplM:!!. uhii li
vuil..u»ly rti'cidtvl ii|kiii by differIll bronghl
lii'uiiglil into
lulo liti^'ation
lltik'ntloii aiHl
aii<l vai
have bi'i-n
Your coiiiiiilttuu tiriuly bullnvo tbTs Htate of tbliiKS tendii to
tint courtH.
{daoo not only banks bnt all iiiiiineirted with noirotlatlon.H of drafts upon
lills of ladiiit; in a atatM of doubt aH to tlin SKiiiirity; thf^refori- your con.mitlee earnestly rocoiiitneiid.i that the Kxehauice haa (JtfiiKress to pass a
law plainly niakliiKeuiiiiiion carriers llaolc foriUeiiels of its agents, and
that tho various e.xeliau>;es request ilieir lepreseututivea in Congress to
thV-i end."
it was rtcoiumended by tile Coiuinlftee on 8*andard Types that tho
time for making up standard types be elmn«ed fnun 8epteinl>er 1 to
November 1, comiuencinK with tlio sejHoii of IHi.'i. said types to be
rcuelved annually on the sumo dale, in order that they luny be made up
of eottiin grown In the season for which they are to serve as standard,
and ilial a committee of one expert from eacii i'>xeh«iige lie appointed
to meet in New York on tho tlnit Wednesiiiiy in Noveinlier, which
comiuitlee shall bring with them full samples of the dtterent gradea
from thelrdiMlricts, in Older to airive at a uniform tj'pe as nearly ^s
may bo made up to tlie basis of the standard of 1 J87. The recommendations were adopted.
A lesoliilioa was reported liy Mr. W. H. Gardner, of Mobile, favoring
the stoppage of the coinage of silver dollars as the unanimous view of
the committee.
Mr. Alien, of New Orleans, spoke against tho resolution, insisting tbat
the convention ouglit not to toueli tlie subject.
Mr. tJardner, of Mobile, was in favor of tho resolution. He said be
knew it was not popular in the South, but he wanted the resolution
adopied as a matter of duty to the general welfare of the country. As
long as the country allowed eighty-rive cents to buy one dollar's worth
of properly, so long would the Old World give us silver all the way
through, while gold would bide itself.
The resolution waa ad >pttd, Mr. Allen, of New Orleans, alone
his
was adopted on motion
tf Mr.
Henry
Ilentz, of
New
Exeelkncy Hon. Grover Cleveland, President of the United
be requested to take action to correct the exiradliion treaties
wi h foreign governments so as to embrace olf jnses which oriminala
commit and escape witii impunity.
Ou motion of .Mr. Gardner, ail boards of trade of the country handling
cotton were allowed tn loin the Cotton Exchange on payment of such a
Slates,
sum
as
may
be assessed.
National Cotton Exchanqe Crop Report for July 1.
The National Cotton Exchange issued its repoi t for the month
of June on July 6, and it is summarized as follows
:
This statement shows that the receipts for the week ending
Julv l.J were
cantars and the shipments to all Europe
strike at
iind
I
opiiosii'g it.
Tile following
TMaweek....
TMt
I! iir^'fni,'
qiiarUir jMMiiidi* r..
A rniiiiiitUit.' of lliri-u w.iA ai>iiolnt«d by llie I'l- » Idi-ui. to lueinorlallxo
Cuii):ri'H.i to fiirutali by liglalatlou uddltloiiiil weather stations In tlio
iiotb'HnMi
York
That
Receipts (oantars*)—
8lao« Sent. 1
f^.l^Tnltt<^e on Inferior
In fiivor of llrnt
II
llfty ixmiiiU til
tlir
tli'KtiiW'
Qso their Intlui-neu to secure
ainet
letek.
1.
6.000,1.030.000
167.500
1,000|
663.000
All otbur porta.
1883.
MnM
ThU
Sinet
Jan. 1.
Tkit
to all
AX.L INDIA.
1884.
1885.
..r iJ.ilvcnMii, V, II. Cl.ji eland ur
•ry.
lit tlic ciUTlaito of cotton on IhodecMc'I tu i>vlitliMi Coniccas to pans a law prulilbit-
TliBttj
lllliiri'.st.
Total all-
First VliM^Prt'^lilfiot, Jernnin
rtiarliM (1. i:':|.,rt. N'.,rr.lfcr;
I
ml
lit.
'
Oklontt*—
188a
1884
Orleans:
Prnililnnt.
It. (1..
.V
Total.
Vli't"
Nr
i)f
W.
New
Aire/,
I
OOHlinenl.
Brtat
81
Hroiin'I
niii. St. i/<>ui»
H)i<Titlurv. C. il. r.iil.
MllVllliTi.l'',
mpm»nU Hne4 Jatutary 1.
C
Pr«•»UU•Il^ T.
-
'Tiiere have lieen DO very wide variations from Ihe norin.il rainfall
and temjierature over the cotton belt dnriug the month 01 June, and
the Ciiuititiou of the crop, which w,is yi at the close of May. is now
advanced to ti2. against 84 and 8'> f r the oorresiionding months of
last year. Tin- {ilaiit hiiis progressed well, and has gained some in point
of growth and healthfulness. having been freed Iroiu tho intect pesif ,
such as lice, I&.'.. that infested it to some extent in Its earlier stage.
Cuitivation lias been pushed, and. except lu certain areas pretiy well
scattered over the belt, the HeWU are in good condition. In i*neh localitlea, therefore, while feara are expressed of dsm-ige from grats, owing
toasomewh.tt excessive rainfall, a bliort peiioO of fiunstiine would
aulllce to restore prospects. We have made due allowance for loss from
dropping out. luit it has not been considerable, and stands aie ctlU good
Fotmiug and blooming, while more
and farsuiierior to last year.
ailvaneed tiian iit the sam:i date last year. Is yet not as a rule up to tho
average, owing to tile lateness of planting.
• While tlie plant is yet somewhat small it Is well rooted, compar.ilively free from sap, except in certain looalities, iind therefore belter
prepared to stand extreme meteorological eondttion.-. Mucli alarm was
oocasioiied early in June uy ilie appearance of worms in large numbers
over the northwestern part of Texas. hiise were not the regular cotton
worms, but neverlhelecR they ate the young cotton plants with avidity,
and in cerruln looalities caused very serious damage. -Much of thisioss.
however, has boon repaired by replanting. Peai s ai-e expressed of a
second l>rood of worms, bnt It is not known whether the species is capalile of repr.alnciug itself as rapinly as the cotton worm, or whether
there is more tiiaii one brood in a season. As will be seen In our State
reports, in soma few iuHtanoes the presence of the catirpiUara has been
mentioned, lint no damage has occurred therefrom. The temperature
has riuigeil biglier than l.ist June, while the rainfall has been less, and
more i-vonly distributed. In conclusion, we tiierefore rejwat that tho
cmditlonof the crop at the end of last month was a hi.-h percentage.
This oondilion hns not only been maintained, thus eiiliancing the prosBCets by an additional tliirty days of growth iiiiiler f.ivoralde surroundings, but hns been actually improved liy a change for the better in certain localilieH. Uu this basis wu have placed the figures at 92, aa agaluat
91 last month."
I
JCTE Butts, Bagging, &c.—The market for bagging has
continued to show some increase in the demand, and more
business is in progress. Considerable inquiry is being shown
by Southern buyers, and orders are being filled for tha
section.
Prices continue very firm, and sellers are quoting
9c. for
m
lb.,
9i^c.
for 1?^
lb.,
lO'iC. for 2
lb.
and
lie. for
standard grades. There have been sales of some 8,000 rolls
within the range. Butts are also in better request, though the
market is not active, tiome parcels have been taken to arrive,
the sales aggregating about 5,000 bales, while some transactPrices
ions on spot are reported, 3,500 bales being placed.
are steady, and tlif market closes with dealers uuuting l^(i<^
l^c. for paper grades and 2^}^c. for bagging quality,
-
I
1
-
!
..
..
........
.
1
11
'
1
1
THE CHRONICLE.
82
Weather Record for
June.
—Below
we
[Vol. XLI.
May.
AprU.
give the rain-
Bainfatt.
Eel -na—
Kainfall.in
Days rain
Fnrt Smith Rainfall, In
Days
1888
1884.1 1883.1 1885.
prefall aud thermometer record for the month of June, and
Tiou8montlis of this and last year and the two precedmg years. AnK'NSAS.
Little Rod:.Rainfall. in
The figures are from tlie records of the Signal Service Bureau>
Days rain..
those
and
at
station,
they
have
no
Mount Ida—
except at pomts where
Rainfall, In
Days rain
points they are from records kept by our own agents.
1
4-06
7
3-41
10
10-68
8-46,
17
10
0-20,
4-90
8-10
860
8-30
5
8
6
9
11
2-84
10
8-92
1-68
228
7«3
8
10
13
2-20
rain..
3-99
!
9
3-94
3-81
2-24
10
10
8
s-oo
10
7-30
6-35 10-25; 10-30
9
11
;{
1-48
8-P,0
9
12
7-05
15
1885. 18S4.
10
"
1
0-20
10
8-25
1-30
14
5
5
2-75
2-59
11
10
1
2-59
11
3-70
4-88
S
13
4-36
12
3-58
3-05
11
6-46
14
3-90
TENNKS'B.
SashviU£.—
Days
889 3-M
2-33
Kainfall.in
16
rain..
2iJ
ilemphU.3-07! 5-08
Rainfall.ln
Days
13
rain..
I
3-75
15
3-51
12
9-lOi
15
4-43
300
8-60
4-66
12
15
17
12
15
10
!
I
Aahtvood—
7
Rainfall.ln
1-37
Days
10
rain..
8-20
14
S-72
6-53
17
3-79
17
6-651
13
1-58
7-27
17
4-92
15
5-lo:
3-80
4-50
16
9
600
6-IO1
6
9
U
S-90
8
7
7
4-42
2-55
2-10
4-78
8-47
3-91
8
13
6
7
6
7
6-41
8-42
10
13
5-27
7-94
12
8-50
3-53
6-08 17-25
11 •' 11
16
2-85
4-50
3-00
0-10
12
2-70
Rainfall.ln
Days rain..
Austin—
4-79
11
]'
13
4-24, 6-S2
14
10
TEXAS.
QcUvestml.—
3-17
li
Rainfall.ln
Days
rain..
IndUinola.—
Rainfall.ln
Days
11-25
12
Days ram..
&uirleatnn—
RalBfall.tn
Days
10
ratn..
4-84'
8-47
10
12
|i
1'83' 4-61
Uamfall.ini a; 5 8-63
16
rain..
Days
tlolutnbta
—
1-60
Rainrall.ln
6
8-62
10
6-96
8-25
2-88
12
15
10
8-95
16
5-55
6-14
3-44
11
18
13
Rainfall,ln
Days
4-40
8-03
12
6
6
10
10
U
5-35
12
5-14
16
0-34
0-OJ
0-S2
7-23
3
3
S
10
6-20
10
2-25
11
S-3J
1-24
12
7
8-86
11
4-84
15
3-53
14
Ralufitll.ln
Au^mtn.—
6-41
3-64
9-02
8
5-29
15
13
13
8
3-56
2-98
6
8
—
3-99
8-22
4-14
8
10
10
2-47
2-SO
11
18
T>ays raln..j
AUaittaKaintall.tn' 4-26
Days rain.. iO
7
13
6-80
11
1-31
5-86
7-77
6-18
1-52
10-73
10
14
9
15
6
21
14
i
9-70
19
6-20
I
3-21
11
7
4-34
5-83
14
15
4-91
Kalnfall.lB
Days
13
raln..i
3-3<
9
1-14
6
i
3-98
3-78, 3-92
13
11
1-22
IS
8
6-80
1-26
11
6-09
6-84
5-50
6
11
"
15
Coluinbiui.—
I
HiilnfalUn; S'42 12-95
Days rain..]
Jfntv.n.—
Kainrall.iD
S
5
5-02!l0-88
3
3-50
6
1
3-57 10-55
Days rain..
Mome.—
2
Ralnfall.lD
Days raiu..
Jormth,—
rain..
13
1-25
5-17
2-65
1-47
3
9
8
4
3-35
7-79
2-45
B-91
5
12
8
8
11-93
2-22
11
6
9-59
6-47
1-72
8
9
IS
6
7-74
14
5-46
10
lU
14
5-6«
11
263
8-84
1-24
2-32
4-48
II
10
5
7
10
'
500
1-65
4-19
11
Hainfall.tD
Days
5
3-09
4
4- IS
9-10
16
4-?5
12
3-85
le
6-60
14
8
4-61
4-fll
9
0-73
17
3-16
8-98
6-89
7-05
8
17
18
19
3-67
2-48
10
I»l,OKtDA.
JackmnviiltRainfail,in
Days rain..
€tdnrKeua~
RalnfHii.ln
Days
rain..
307
2-21
lU
9
0-15
8-68
3-48
4-12
11
7
1-66
1-67
8-68
11
4-05
11-45 11-66
5-97
10-98
10
8
«-63
4-72
II
10
22
10
8-28
10
835
6-80
9-57
21
7
15
.4rt/»«r—
Days
«
rain..
Kadiison—
5-98
Rainfall, in
Days
rain..
6-84
8-77
4-22
1-66
B
4
8
6
4-«0
10
RKinfall.ln
Days
27 2-45
2
3
5-83
hKalnfall.ir.
rain..
1-62
4
1
16
n
19
KalDfall.tr.
rain..
3-19
4-70
4
8
I
8-93
9-50
3-61
3-02
12
15
IS
8
4-21
5-21
lU
!3
Rainfall.in
rain..
Ualntiill.rn
Days rjin..
Alm-i—
273
Halnfall.li,
V
rata,.
10-11
14
jLuburn—
Kamrall.iTi
10
I
8-18
8-92
1-18
18
13
13
5-54, 7-25
11
1
13
356
5
9-78
2-47
3-40
8-81
8
10
7
I
3-41 10-07
rain..
S-08
13
2-03
I«
10
4-32 10-26
10
20
5-02
17
8-48
8-51
7-Cl
12
8
16
9-43
19
5-10
5-13
6-91
1-18
7'5T
4-10
9
7
11
5
12
7
i
2-97 12-82
11
13
4-15
1-27
2'56
1-39
U
4
4
10
8-03
13
4-10
6
7-44
1-52
6-22
14
15
13
New UfltatuRalnfuIMn
Days rain..
6-99
8-21
8-01
13
4
I
3-67 a-48 14-20
10
7
15
I
6-77
15
4-83
18
S-41
3-80
10
12
14-47
1-40
12
6
8-60 1-205
20
21
42i
5-70
i
Halblail.li,, J'78
Days rain..' 14
Bri;. LoteailKal.ifall, n- S-S: .0-20
Days rain..' 7
18
rt.Plmunit-,
5-83!
6-60
16
11
6-82
4-43
5
8
Uainrull.lnj 5'IH
Days
4-45
8
5-62
6-12 14-03
7
6-34
17
9
20-60
rain.,
12
«
2-SO
5-35
13
>6
Raima. I.tn
8-17
11
Days rain..
MlSSli'fl.
Rainrall.ir.
Days raiu..
VickMiiirfi.Rainfail.ii.
Days rain.
8-12
0-14
309
8-65
6-22
6-B7
9
10
6
7
9
9
8-Sa
8-19
4-47
7
2-90
6-84
8
8
Jlainrall.ir
Days rain..
12-35
11!
tnmviluHaln.iii'.ini s-ao
Day* rain..
liltam—
tuinraii.in
14
3-50
9-05
t
rain..!
Umircs
U
10
«
e
r4S
V
2 99
n
165(
4'36
7-85
11
May.
75-0
23-3
50-3
76-0
30-0
48-8
81-4
34-9
67-1
78-5
40-0
54-5
80-0
71-Sl 7
20-2; 2-J-7
72-5
80-0
60'8
837
84-2
41-3
60-0
8I-0:
68-9
201)
40-8
493i 58-1
1885. 1884,11883.
37-0'
84-4
46-8
55-8
03-1
77-0
16-0
220
41-21
496
43-3
67-9! 71-0
22-5: 21-5
41-7I 483
44-3
75-0
23-0
eitty
37-3
61-8
80-5
87-9
ei-3
;
61-3JI
74
S7-0
34-0
57-4
82-0
30-0
55-2
66-5
84-0
1
j
3•^-o|!
I
70-1
86-0
48-0
05-8
Hawk-
Highest.
Lowest
.
..
Average...
Charlotte—
Highest.
91-11 89-0
52-0' 44-0
68-0] 66-3
88-6
51-2
71-5
84-0'
95-3
&8-5
76-9
92-5
96-9
55-8
530
74'
73-4
93-0
50-0
91-0;
44-0
95-0
Oi-0
68-7, 78-3'
750
80-1
78-0
81-0
311-0
86-6' 89-0
46-1 42-5
88-5
47-0
91-0'
a-i-o
51-7
C8-3I
63-6
B3-8
63-0'
71-1' 75-0
87-0
45-2
67-4
88-6
46-6
69-3
86-5
40-E
68-4
90-2
53-2
84-8
335
81-8
38-4
8;-o'
34-01
50-4
5T3
590;
770 72-0
160 250
83-0
24-0
57-5
saa
84-0
34-0
67-0
88-0
40-0
850
430
86-0
36-0
610
58-0
630
85-6
87-7
69-3
880
460
86-0'
70-4
69-0;
88-0
31-0
60-6
81-0
38-0
60-8
89-0
51-0
71-6
67-0
17-01
...
Average.
43 3
29-0
55-0
WilsonHighest....
040
82-0
J,owest
240j
250
Average.
Mid-C. fearHighest ...
Lowest...,
Average..
.
700
73-0
2iJ0
44-5
.S5-0
67-0
5d-0l 67-0
72-41 76-8
34-7
54-3
740
SBO
Highest....
940; 93-0
270
69-0
24-0
Lowest
93-0
62-0
77-2
73-0
45 3 534 46-6
Murphy—
73-,
69-ot
Average...
.
89-7J
61-0
4.S-0!
Lowest
77-0
28-0
47-3
840
860
78-0
28-0
4b-5
.52-0
91-0,
93-6
61-5
70-7
77-2
80
87-0
35-0
70-0
67-7
73-6:
71-6
92-0
64-0
76-8
86-0'
01-0
70-5
540
71-0,
89-1
53-0
600
590 490 570
67-0
88-0
50-0
74-3
940
590
78-3
90-0
62-0
77-1
Oharleaton.—
Highest..
71-6
33-5: »»-o
74-0
88-0
53-3
83-9
43-0
63-4
88-4
43-6
03-3
815
Lowest
15-0
64-0
90-2 91-3
54-0 60-5
72-7 74-8
91-0
48-0
70-8
96-4
64-0
79-5
74-0
18-0
51-9
74-0
27-0
46-7
76-0
82-0
360
59-6
56-4
82-0
30-0
60-0
75-1
63-0
67-5
860
4(,-7
4«-0
66-7
. .
61-1
29-1
44-1
86-0
63-0
68-3
11-76
i
1-lS
3-16
8
6
8-10 4-55
a
11
6
9
2-80
3
prior to Pebniarr, 1885, srs for Spartanburg.
rimro!! prior to i^ept., 1884, are for Greene Springs.
Stallon desiroyeo by Bro April 21. 1885.
28-0
52-0
Highest....
6»-2
75-d
99-0
64-6
80-8
889
87-0
960
64-9
75-5
540
69-9
51-0
75-0
Average...
Stateburg. —
—
5
75-8
26-4
49-5
82-0
27-5
59-B
79-0
83-3
09-5
20-4
47-0
76-5
24-S
54-2
74-0'
770
83-5
34-0
61-7
67-0
Lowest
£60
Average...
Highest.,,
Lowest
Average...
Atlanta.Highest...
Lowest
Average...
6-20
11
n
51-8
85-0
•M-a
62-2
84-0
890
93-0
900 90-0
490 540
88-0'
tO-7|
78-9
73
800
88-0
as-o! 41-0
480
860 850
33-0 460
ftS-0
B2-3
85-9
71-1
69-4
93-0
S6-0
76-4
53-0;
60-1
72-4
76-9
92-8
87-8
40-0
87-0
41-7
64-5
900
91-0
43-0
70-6
99-0
61-8
77-8
92-0
57-5
64-3
70-0
742 79
91-9
470
85-1
63-0
62-1
8-)-K
aso' 35-0
61-1
58-1
01-2
80-n'
86-7: 86-7
40-0
42-11
450
84-0
41)0
57-1
65-6
65-3
0'
90-6
54-5
78-3
75-0
85-0
40-0
65-0
90-0
80-0
420; 45-0
500
700
8>t-0
85-o' 82-0
37-0
63-6
37-0
62-0
300
83-0
84-0
538
27-0
50-1
85-0
83-0
40-0
66-1
54-3
74-0
860
55-0
87-0
40-0
Savannah.—
Highest...
Lowest
3:i-;i
Average.,.
Columbus.—
54-8J
71-0
28
47-0
1
73-0
26-0
58-0
30-01
57-C
Lowest
71-0
28-0
Average...
483 590 550
.
.
Lowest
7-70
340
89-0
Augusta.—
Highest.
3-14: 4-96
75-0
88-0
37-0
65-8
OBORQIA.
Average...
Forsyth.—
Highest...
Lowest
S-10
48-3
77-0
28-0
66-6
Highest...
86-0
62-8
74
640
fO-0
23-0
Lowest ....
Roms.—
6-46
2-90
10
8.25 11-31
9
700
Lowest
Highest.
s-ie
13
I
Highest...
Average...
Aiken
85-0
32-0
Macon,—
if.
I
6-99
12
5-40
BnoKhaViti-
•
12
1883
70-0
10
.
(Mumhut.—
•
8-40
8
18S4.
Average...
Highest.
Lowest....
Average...
S-8«
1
LItxrIyllill—
Days
13
April.
Lowest
.
LOIJIS'A.NA
BlurewiMtrt,—
9-53
7-78
Columbia—
HaiufalF.in
Days
..
Average..
tVeldon.—
Highest...
Average...
Days rain..
MolMe.-
Days
4-71
N.CAR'LA.
Lowest
Mont^ni'y.~
Days
.
Averaj^e...
Average...
Paixlet*—
Highest.
ALABAMA.
I
'
S.CAROL'A
::::
TaVah'iH8rt~-
Days
.
Lowest...
Lowest
5-93
6
VIRGINIA.
Ilighest.
9-37
18
8-11
8
17
4-45
8."
tl^tlmin^/ton-
Savannah.—
9
Norfolk.—
llitfhest
3-68
11
1-68
8-85
Thermome»'<
1
6-97' 3-17
15
625
March.
i
HulnfalMnj
12
7-30
14
Slateburo—
l>ays r.iln.J
3-62
1-99
2-82
rain..
Days rain..
Austin—
QEORGIA.
6-84
10
519
iJaya rain..
219
1
8
llainfaIMn
7-651
16
5-38
Ralnfall.lD
ClnrksviUe
Rainfall.ln
3
Kalnfall.ln, 2-46
rufn..{
10
2-18
10
1-21
3
Hays rain.
Jlktn-
Days
18
2-20
I
l-2.i
13
Days rain..
Clebami—
S.CAROL'A
5-55
13
1-95
rain..
PalentineRainfall.ln
Days rainFort Elliot—
4-84
I
Aveiagp...
080
28-0
SO-O!
85-0
630
69-0
784
89-0
57-0
70-8
91-0
54-0
76-0
91-0
75-6
97-0
65-0
81-8
00-2
56-6
90-5
68-0
610
76-
72-7
95-0
64-0
79-7
91-0
44-0
72-0
90-0
67-0
80-0
11
89-0
58-0
77-0
94-0
.58-5
900
03f
96-0
75-1
81-0
91-»
56-1
400
690
Oll-O
950
74-C
7-2-0
930
62-0
78-0
»1'0
79-0'
22-01
760
290
83-0
34-0
85-Oi 37-0
85-0
43-0
430
54-0
500'
000
58-0
62-0
nii-0
54-0
71-0
78-0
33-0
88-0
40-0
65-3
88-0
HS'O
84-0
40-0
860
88-0
58-9, 36-3
52-0
70-4
790
fl7'8
488
5-2-0
.<9-4
.55-5
90-7; S9-6
62-3 54-0I
91-0
40-0
70-1
73-
76-5
709,
SO-i)
86-0
87-0.
09-8, 00-6, 50-0:
75-1 77-0 73-1
91-S
89-8
91-0
90-fi
81-4
78-2' t«-l
760
80-0
26-0
51-4
!j6-0
87-8
42-4
j
86-0
42-0
93-0
60-0
98-0
68-0
650
710
7-2-0,
88-0
59-0l 45-01
92-0
64-0
02-0
63-0
708
786
74-2I
(.1-0
74-5
91-0
56-0
77-0
970
69-0
79-6
FLORIDA.
faclaonvUle.
Highest...
Lowest
Average... 670 08-3 60-4
Cedar Keya.Highest.
75-H 7S-0 74-0
.
Lowest
Average...
'
89-4
58-7
43-2
89-3
J5-0
U«-7l 01-2
09-4
S8-0
47-8
0^-7
84-S
51-8
09-0
MO
72-8'
1
Figures prior to February, 1S66, are lor Spartanburg.
B5-n
H1-7| 118-0
73 9
620, 70-3
—
July
18,
1^
)
Mnrrt
.
— ^
WO
.
t ...1
IHHD.IlHiU. iH-a.
1
<
1
1
THE CHRONICLE.
1883.J
IhtrmomtUt
SKhwt...
r
11
.1
.....
.
1
y lye'.trrl'te.
liitt^ Kt tri
to
\\.
I
-
CO
111
HlUlU'.M....
l,0\Tt«t ....
810 880
9«0 950
•HO
..4.
....
Av.TIli;.'...
fttiD
U')0
Oftl)
I
-01
MO
vaui
•10
74-H
80-8
88-0
8f)'0
70-M
I
82-7,
;i
9>'i)
90-11
Bl'.l
70-0
79 1)
8M
4
(J
>
aeu
88-3
«i
....
...
Avorji:;o...
Bli»
...
JllXll.'.>l....
J...
».•.!
T^iUilli
|0»0
7*0,
80-S
S8-0
'.'".
.'.'.'!
...
7l»-8
880
8i'0l
98-6,
I
880,
•
73-9
71»-4i
711-0
790
nf all In -]i
ivero tli
li.-avUv. li 1:
::::
HlU.l.'M
,
..
«0
...
ao-ft
.:::
I,.."
Av
,
93-1
5114
91 3
4111
B.V8
.1, 74-B
708
79-B
-
-1
•
1
911
8.11)
9iV7
11.1-0
75-9
79-8
Uohil.
839
37U
^0
588 «»*
ili«:i"'.t...
80-5
Ttt-Jd;
I...w,t,...
AviTiw.....
85-9
86-1
3991 430;
.»0-5
1
57-7
6>'8
ea-8
T,i.v,il.,,, ,+..
90-01
884
9J-7
98-5
960
9i)-8
47-()
58-8
5y7 473
8I-7
77-8
700
900
98-0
6311
78-1
IMO
5.8-0
7JB
n-ia
78-8
i4-o; 87-0
112-0
B8'8
71'7| 7I'6
78-9
880
400
81-3
1
Hl.lllB>!...
71-0
Lowo»l....
avo
ArenitfO...
.M-l
80-0
tw-0
57-0
79-0
8U'J
S-J-0
83
88-0
8.30' 89-0
a«-oi
400 450
533
65-tf
eU'Ol
»4 8
47-Oi 580
7071-3
e-oi 88-0
84-0
83-0
80-n
4o0
630
48
47
89-0
40-0
98-0
70-0
960
780 730
83-0
35-»
0»-2
88-0
47-0
88-0
930 800
80-.1
87-0
78-0
41-0
69-5
58-0
•-I
71-0
8r0
88-2
81-7
880]'
fieJmn—
88-8
I
..
7*0
7H-0
78-0
...
Sl-fO
,H()(I
8-3-0
50-0
03-0
510
71R
78-5
Tro: f3
1M'(I
V!.Va
iV'4
56-8
88 0, 87-3
Hlirlien
Lowest
Avor;»f,'0...
88
.<7
84-Oj 59-0
1
62-1
59-0
.'iH-O
7J-J
Avfiurn-'
—
llllill0^t...
Lowo.st
AvorttKO...
I.OUIS'.VA.I
N. Ortfanj.—
llluhost..
Luwent
AToniifo...
80-8'
»s-o
U3-3! 69-B
1
77» 80S 8V3
080 4i)-» 41-0
IM'4 M'S 61-7
83-81 ta-0
51-8, 50-0
(
8 1-0
11
017
on-9
0-15
01-8
8vl
80.">
Bi-a
51
71-4
93-4; 88-3
9-j-a
93-0; 90-0
480
94-8I
5J-3
71-2
570
710
4ir0
73-4
»f.8
7
63
79-4
»«-4
«3-7
81-0
87-
82-2
58-1
8S-n
5110
981' 9TJ
9 TO
70-3
--"I
-
•
74 3
8^81 79-
!
8U-7
1
Sl-s' 88-0
...
810|
I.nw*»sl...
810 SSO SS-0 48 7
Avennrf... S»-4' 5«-5; Se-S
S-0
Or'.K'.X'au1.
....
HlKhoat
TS-0 79-9; 7S0|, 86-4i
liowest ... sit-a 87-9 45-0(1 49 81
Averiac... &U-4 ss-i S3-4 71-S
it. Plcninl87-8
HUiheit... TR-n
40 3
92-8
06-0
8»-l
1
—
L.'>we!«t
02-0
Bl-0
7J-0
11
Sfirepfintrt.^
llluhost
830
Arenige ..
IJbfrVjUntHldliost....
IX)Wt.'St
AvoniKC.
.wo
M-»
..*.
7'»0
sftn
61-1
....
81-9
8t-0
30-8; 48-0
67-8 781
60-7
74-7
....
•
....
990
93
SCO
86-0
81J-8
77-1
930
lOI-O
930,
i
70-2
87-0
83-0
84-0
««-0
88-0
86-0
91-0
bl'O
7»7
76-
86S!
8S-0
940
30-0^
4101
880
45-8
MlSSISSc'l.
Oolunilnia.—
Uik-lu-v....
Lowest
7,V0
IM'O
...
Avyrajio
m
ViC^h'iT'J.-
HiKhcst...
I.o.VL'^t
...
Avor.iu-c...
....
....
....
...
....
wn
..
79-6
2;0, 35-3
780
54-4^
aOO
57-11
7.*0
SO-0
800
TftO
8T-0
1
S50|
80-0
64-0
640
700 -00
8J-8
41-0
63-7
85-0
87
44-3,
57-8
71-8
830 880
48-0 ;«o
660 600
81-0
X
66-2
'
I
o
r.'ii, lihii
1
I
1
V
tliH
'
1
tWiTily
ri'I-'-il, (1
111
'IN 'K'OdlMl HI
t
1
ITl
>
<-0
ti
I
evI'His Btiirin
vlvlil. simrp 'mill ri-i>r|iieilt.
V-;
the Sturm. Wo linvu htul uo Ucavy
i'kI
I
••r.
wlml
il-.
any
liiuo tlili
On— On
tlm Ifitli Init. a tliiin-lnr Rtor.n pawei! orer the
from ion 111 wwit to iinrtliwott. H<-'-o:ii)4iii)le 1 liy lnt'uiso
(Itwtriu-llvo i^nle ivhicli blew rriiiii the « i:itli 'v.-st with
• viilo.iliy of -.Jii miles jmr lioiir, limilii« rioiii 8:')."j I'. M. to «;a-l P. M.
FoiMieH In ilin eltr were blown down, sli itti-rs twNte,! anil trees prostratril, iiihl Ghoklnic iliiKt nUeil tho ulr durtU|{ tbu gale. NuaccldoiittO
life Is roiiort4'il t > Iiuve oriMir.-cd.
ColcmoHi, (I (. KarrliiK » lltllo t > ) inneh rain, whieh of course makes
Aiiffiula,
t^'
HI.'
*.
•
,
a'ji''iiii;iiMiiHl
llfthMilnu.
WIA
AI,.\I1
I
ntntliiti. iiiovliiif
TV'S
::::
....
Oil llirrn difs, l>iit on
it.o:il}-« f-wli'ini! piUlii
1 lys on
whi'-li
'iiii
lam <I»v tlio
y
ilmti iliirtiig ntiy
M-O
•30
.„
'iVOi
.,
..
IIIIK
i
wn-^
II
pIi.'IiIm
(illiiiiKir.
ATer.i;o.
[j.i«
'
.V.
94-8
79-8
,^
M\
980
c.-.><-<'.-
LllWHt
Mont
1!!!
103
I
I
|
»*0 IWO
i«
-
cropM li.»\
''. -Mo.l
it
ini-^
li
81
- "rops lodki'iK
rotlon -
iiliiiiiuiir.
III
u'l'i'Wtiik' 'itnilltl'tn
'I
I
>»o ,wo
»f7 »>•«
BTO
470 410
9^0 000
....
EowMt....
ATenvo...
X. r.
83
9I0i
4r0l
8'
....
5S-0
.i^-o
800 760
81-0
9V2 972
60-9
80-8
«2-.
lW-2
81-5
77-2
800
950
00-0
80-0
92-0
63-0
71-0
»
111 It
—
very well. Tue wt-wl ii not bo larffe, notWill il like to siw. lint stands are r«i>orted
icood averaire crop are f^lr.
not very llatU^rlng. Lar/e areas of
tr-i are
tho cotton crop have tieeii ilaiii.iffed by wceiU uiiii gi-ass. Miny fields
are still overrun and there Is little hope of cleaning same In tbue to
secure icood rcHiills. I In; scaxntis Imvo not been favorable tu corn.
great dial of the crop Is not tlalterlnic.
Archer, f'(«.— Crops coinini: on very well, especially cotton and com.
Moffittmi. t-fi. -i'r.tp-* doliij; llrst rale.
O. an<l Otttertu, />o. — In this iieli<hborhood crops look very promising;
corn, however, hits hiilTered som ) from tho protractwl drought In the
h. -ginning of thu mouth.
Sumo parts of the country still snifer from
the titopKni-tsy,
wllh.stuiiiliiih'
iloliiK
It In
tliii
mills. HH
wu
Our prmneets for u
FfjTSuti, til —Crop prOHi
g.iOfl.
A
«
•
drought.
llr lohhnren, Jfi.s-s.— Cotton Is doing well. Nights quite cool.
J/OMn( Mil, ArA-.— H.Miviest rainfall for June for eleven years post,
Willi ni ich lUuiiilcr and liglitniiig.
Hpeclal heavy rains of 'J- 10 inches
on the lOth. Mui-h wheal ami outs lost In harvesting.
Uclmt, /IrA-. -Weather ireuci-nlly go Hi growlu/, but gome places
report t<Hi little ralu. Oras.4hoppei-8 reported doing eouie damage bat
not genernl.
AsltmoHl. r»-»n, --Crops looking very well.
Clel/ tme. rcjiw.—Taken all together we have lind a delightful month
of g mhI w-eather. with a lirilliant prospect for crops up to the 11th,
at which time the web and ireless worms afaeked the coiuin in many
p)a(-6^, doing gr.-at da-nag.', rei|Utriiig in several places replanting,
while others abandoned llie cotton and s >«-ed millet. It is now thought,
however, tli-tt if no further damage is done tlio cotton cro[i will not los-j
luure lUan '.^0 per cent lii tlu average yield. 'Ih** weed Is small but
heaiihy, much of which h.-is no-« been cliop;ied out, while other f.irms
are too wet to wirk in. Corn, wli-at aii.l oats are above average.
Several stor lis of wind and rain beat down the btcms, but reaping 1<
goiKl and tho e^irs no muoh damaged
j1«(/>i, rexa*.~Pi-o.-po'ts guud for au A Ko. 1 crop.
The Following are the Gross Receipts of Cottos
at
New
York, Boston. Pliil.tilelphi.a and Baltimore for the past
week, and since September 1. 1381.
J>riH)h'i (.--u-
llluii.st...
J^iwe^t
40-0
— MO
\
Illllhest..
S90
88-0
9U-0
81-0
ss-n
B2-8
....
....
....
87-..
Arenige...
LtlanA—
—
nxghftt....
ATeni^e...
ARKAN'S'i
41-<i
63-0
99-01
510 41-OM S6-1I
730 69-0' 780
83
870
88-0I
40-0
63-0
40
5.3
88-0
78-0.
89-0
;
74-11
....
1
....
....
i
1
84-0
44-0
ewo
^
Mi)
B»)
....
S8-3
91-0
70-0
81-0
from—
970
760
::::
480
::::
.
1
780 740 730;
2401
780
400 890
630 870
83-0
S'J-O
iSO-0
Avenue... 500 480
ttmmt l.la.-
48-0
Highest..
7S0| TSO
78-0
lioweat...
Areniffe...
280
ao-0
230'
...
48-7
50-5
4D-0I
7«-0l
l^wust ...
ATSMBe.
.
I
60-0,
lfiu>iviUt.~
lIlKhost...
Lowest
...
Avera«e...
MemfihiM.—
—
Lowest —
KiKliest...
Florida
9o. Carolina..
Ko. CarollDU..!
Tlrglnls
Lowest
Areruxe...
910
«4-n
.)o-c
370 122
4Sl>
Bl-C
63-0
79fl
«4'«
8a-«
81-0
54-0
96-0
930!
61-0
8S-0
48-0
97-5
81-4
88- .1
89-3
(.3-0
400
85-7
415
61-8
876
95-9
91-9
46-0
98-2
SW-5
58-1
i
76-S
19-4
4t'8' 49'
71-7
88-1
815
28 5
840
31-1
46-8
83-9^ 56-3
750
iAi
74-0,
83-8':
74-S
!«-«
87-5
34 7
85-2
417
90-21
65-2
910
5:0
770
700
89o'
«-0
310 310 320
Bl-0 570 91-2
4i0
59-5
18-0, 85-01
.M-;
47-2
7Sf
86-0,
l>t-(i
nx
13-t
49-C
«-ol
M4
TE.XA?.
CaIw«(o».—
Highest....
7f5
Lowest
4H-S
77-3
41-2
420
Avoriuie..
OJ-7
l!t'8
B8'4
IntUanoUi.—
..
Areratce.
Pa/Mfiii/.—
Uitthest.
.
92-1
83-81
48'4|
eo-2
73-4
68-3
6»-9
731
79-3
99-0
59-0
73-5
99-0
01-0
95
BIO
68-4
08-0
58-8
.
ATeniKe...
Fort KlW'tUlKhest...
Lowest...
.
88
840 8J0
8V0 880
91-0,
36-0
OH-
53'
838
81-0
M-a
80-4
71-9
18-4
B78
59-0
70-9
89-
87-1
85-7
59-3
71-5
411
5771-3;
I
67-0l 69-U
89-0
40-0
84-5
81-0] 88-0
37'0| 48-0
42-0'
58-3,: 93-31
610
67 8
8)(
790:
Sl-(
«o-<
34U
86-2
47-3
88-8
88-4
87-51
81-1
54-t
57-7
970
62
990'
iHO
in-;
45-81 45-!
79-0
I.oweMt ...
Average..
IWO 2*i
ClnrfanJifli!-
Hlnli.-.t
4«-fl
in
.
7M
170
41-8!
860
6J8
,
91-0, 93-0
B80
59-0
Bl-0
600;, 79-0
93-0
71-0
ili.:li.'s-
....1
1
1
87-7| 84-4
830;. 9!-0
909
91-0
580
910
.
7B-2
59-7
7611
75-e
73-4
I
HH-0
(V8-5
84-0' 81-5
82-9
93-0
67!)
80-3
01-9
92-0
90-4
77-3
930
810
791
88-2 910'
83-3
5*8 50
750 73-1 79 2''
91-8
41-0
87-4
Sl-1
69-4
81-9
52 8
99-5
90
51-5'
7-J-e'
800 oiol 8i0 80-9
280 28
3.V0 380
819 83-8 59-3
830
90-0
900
98-0
93-a 06-0
42'0;
32
40-0
570
92-0
978
74-9,
77-9- 75-7
"""
S?-0!'
930
SO-OH
98-2
78-1
580
'si
81,239
461
1122,009
8,989
18,801
1
Sinet
atvt.1.
9.9381
75
88,649
18
80
4Sj
11,919|
Ift,399
83.191
17.967
74.139'
19t.-<89l
North'n portS'
4.9991
Tennessee.Jkcj
Foreign
4
98.078
9.831
!
1,834
881
33,056
1,17;
68,864'
8-
80.988
I4S
88.078(
130,7811
818'
537
....|
..
81-0
..
840
.
•'I
83-0
80-0
93-0
99-0]
7'1-|
8S0' 8I0;
89 8 92
r«0 415
5no
49-0
77-4 ni-1:
78-
7:<(1
+ Figures prior to Sept.. ISSI. are for (ireeno Hprings.
t Siatioii destroyotl bjr Bro April 21, 1883.
The following remarks
reports for June, 188.5
:
42,139
This year...!
8,389
,193,211
1,782
400.999,
1,141|
10.^831
61
1|
209,634
Tjast Te-ir.
4.174 1.102.300
B.I 87
448.n«7
1.0-9'
122.«87
19fl
3l.'i.7a0
—The
exports of cotton from the United
18,610 bales.
flUl
82-1
Total batei,
Hsw York—To
Liverpool, per steamers Baltic, 1,083
Celtic,
377. ...Euclid. 4.iO.. ..Helvetia, 81l....Jauialcau, l.llj
Norseman, l,2i7
Servla, 7J8
Statosmin, .533
Wycuniiig, 1
To Hull, per steamer Rialto, Use's
To Havre, per steamer St. Liurent, l.Olfi
To Itrenicn, per stea.ncrs Etii^. ^ >0
Neokir, 1.58
To II tmburg. per steamers eiuevia 1.15-i
Westphalia, 300
To Antwerp, per steamer Wostornland. 2.081
Sew Oki,k.vS8— To Havre, per ateain ir Pawnee, 3,.5lO
To Hremcn. per bark IJi-rtha. 50-j
Baltimobb— To Liverpool, per steamer Qutllermo, 8"0
Phii.aobi.phu—To Liverpool, per steamer Indian i. 2^4
8a.s Francusco—To Liverpool, per ships Crowu of D;]umark, 358
(foreign)
(180
48-0
71-5
The
01
500
6,40J
l,6-i8
1,014
458
1,456
2,084
3,510
508
80.)
251
481
aarllold, 1-JJ (loreigo)
18.610
particulars of these shipibents, arranged in our usual
form, are as follows:
Bre-
liiver-
tmol.
New ?ork
tslOj
Orleans
Baltimore
N.
1
.
-o.
72
'
1
81-6
32-3
66-0
•-'
At'T.i
ni(>
vfeek.
Total
«4(
&7-1
14.819
940
92
58
52
7901 749 77-0
Clehunit—
Ulnhest....
1
)
1
77-8
41-3
7X1
880 801
I
mail returns, have reached
So far as the Southern ports are concerned, these
51-9
are the same exports reported by telegraph, and published in
78 1
the Chkoniclb last Friday.
With regard to New York we
9V0
57
include the manifests of all vessels cleared up to Thursday
78 :
night of this week.
9-2-4
I
I.iOWP'ft
ATerase
r-i-0'
1
7*r
a*s[ xt-i
tnt 051
79-1
1,391
83IPPINQ News.
1
—
Lowest —
1.
11,7?»|
85,83s|
75-3
j
.
lIlKheat.
87-8
4^-4
98-3
ft'i-a
710 7«C
83-0
ATCraie...
Since
Sept.
St ites the past week, as per latest
88-0
81-0
63-5
18-5
93-4
89-0
49-3
Lowest
TMt
v>e«k.
8-20.488
99-5
910 8i0
8va
810 410
58-5
AveruKe... 444
Auttin.—
UiKhest.
760
I
:i-
61-0, oi-o
79-0' 75-3
90-2
41-5
9a-4
830 83
352 40 5 390
Aihwood.—
UlKheXt...
1.
I
84-0
74-8
86-8
47-9
Sept.
810,739
.
870 88-0 Sl-Oi, 980 930 oro
450 51-0 460!l 89-0 570 «i-o
670 97 0, 98 U 770 790 770
79-0
.
week.
820,178
1,391
.
1.
i
91-0
50-0
7J-8
Lowest ...
Averaxe
47V
TBN.NES'B.
Sept.
1,839
Mobile
/brt SmithUiKtaeat...
Orleans.
89-1
860 840 8»0 810 8t0: 86-'.' 91-0,
330 87-0 320l 310 480 41 oil S30l
630 6--3 59-0 640 K>-5 870 74-5
1
Btlfna—
Highest...
82-0
41-0
New
Texas
Savannah
Since
j
wetk.
83-0
PHtUlDELPH'AI BALTIHOBS.
Voek.
Since
93-1
!
lAUir ttick.Hiuhcst.
Lowest....
New
j
740 860
.
Lowest
Lowest
MO
610
Aver..>!)...
Crttn tUf
87-0
87-0
51-0
Phll»delp-«..
Hull. Barre.
1,U88 1.1U6
men.
3,5.0
.^08
4 R
nambittff.
i
1.45
.liif-
»*ro.
2,031
ToUil.
13.087
4,018
8 JO
.
dan Praucisoo.
,
800
254
481
2\4
451
ToMl.
7.010 1665 4.526
966 1,43d 2,081 18.640
Below we add the clearances tliia week of vessels carrying
ootton from United States ports, bringing our data down lo
accompany the month's weather the latest dates:
Sew Ori.eass— For Liverpool—July 10 -Steamer
Alice, 2,S20.
For Vera Cru/— July 14 -Steamer K'tAbau da Autuuauu, a87.
—
:
,
July 10BOflToir— For IJverpool-July 7— Steamer Kansas, 50
8tPara«r Pavonia. 47.
For Yarmo.ilh, N. S.— Julr 11— Steamer Alpha, oO.
.
BiLTIJCOKK— For Liverpool -July 11— Steamer Hanoverian,
PuiLAUELPHIv— For Liverpool— July 14— Steaiuej- British Prince, S73.
Below we give all newa received to date of disasters to vessels
earrying cotton from United States ports, &c.
Calkdosi.i. ship.— Stflamor M»rln» (Br), sailed from Nassau, Juao 23
for Havre, with carifo of ship Caledouia. Potter, wiitcU was
wrecked at Bimlut, March 24, while bound from New Orleans for
Havre.
the past
week have been as
Satur.
Hon.
TuM.
Wednes
Thur$.
Fn.
Hi'
ht'
6m*
"64*
^64*
564*
sail.-.d.
.--.
....
Havre, steam.. ..c.
"sa*
»'sa*
"38*
I'sa*
"sa*
"33*
....
....
....
....
%*
*•
....
>8*
....
....
....
»8»*
»32-
»sa*
Cotton
freit;ht8
liverpool, steam d.
Ds
sail
e.
»8'
Bremen, steam.. e.
Do
sail
—
e.
Do
sail
Do
....
»sa'
....
^a»M
>8
>8
.-..
....
»3S*
...
e.
Anut'd'm, steem.e.
%
»»3*
HambuiK, steam.o.
Ball...c.
follows:
H
H»hi
....
c.
....
Bareelona,steam.e.
»3a'
O«noa, steam
e.
«i»*
Trieste, steam... e.
Antwerp, 8team..c.
'si*
sail
V
V
—^
lSe4-''32* '^e4-'^32"
Amount
afioat
Of which American
»sa*
»16-
»sa*
'!«•
AURUSt delivery
September dellveiT
"e**
"64'
"f4*
"f4*
IT,,.
18>
=«•
H-
>*•
>8"
November delivery
December delivery
.
..
27,000
5,000
8,000
915.000
677,000
43,000
23,000
75,000
26.000
Saturday Monday. Tuetday.
Market, 1 In buyers'
favor.
12:30 P.M. ^
Mid. Upl'ds
Mld.Orrns.
Bales
.
5»8
51 1 IS
4,000
.
peo.Aexp.
500
Qnlet.
5»8
Si'is
8,000
1,000
3.
1,000
15,000
13,000
80,000
27,000
ti4
July
10.
July 17
40,000
2,000
47,000
1,000
1,000
37,000
7,000
7.000
812.000
583,000
42,000
17,000
73,000
30,000
5.000
17.000
8i5,00O
607,000
16,00
11,000
81,000
30.000
4,00'i
2:^,000
Not much
doing.
Wednes. TAurtd'y
Firmer.
Irregular.
FreelT
•ffered.
5l4
Ik'
Market,
)
4r. M.
(
Emsy at
5»i«
59.,
6,000
7,000
8,000
600
7,000
500
500
600
1-84 decline.
Easy.
Quiet at
steady.
i-M decline.
Basy. at
l-ft4 advance.
Steady.
8te«]y.
Steady.
Barely
is
Sat.
Jfo».
100
99
100 "4
9913
102'4
lOi"*
October delivery
99^
100 >s
102 <„
10413
1002*
1075s
loou
10214
lot's
10.'J-'„
Thurg.
^».
IOII4
100%
10038
99%
10; 38 101
10339 103
10538 104^9
106
10778
107 "4
9,>i4
103-'a
Ehsv at a
decline.
Quiet.
gulet
but
Firm.
steady.
highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause,
unless
otherwise stated.
IO6.I1
107%
lOSH
Indian corn has sympathized to a large extent with wheat.
Crop reports were unfavorable on Monday, giving some
strength to values, and on Wednesday the warlike advices
caused an active speculation, which subsided on Thursday.
Western wliite corn is lower. The last few days the weather
has been highly favorable to the growing crop in northern
latitudes, where it is even yet quite backward.
To-day therewas a decided decline in futures, with the market generally
dull.
DATLT CLOSINO PBtCES Of
OP NC
NO,
). Z MIXED COBJf.
Mnn.
Tries.
Sal.
Wed. Thurt.
In elevator
52Mi
52ia
53>s
64i«
July delivery
August delivery
September delivery
October delivery
54''8
Fri.
.VJ%
52-3
52%
524
52 14
52%
52>fl
.^27,
5268
53
5-2\t
53
5338
53
5438
.5378
53I8
olSi
54 14
5d
53i>g
54
54'8
53'fr
hi
'8
S258
Rye has been dull and drooping. Oits have fluctuated but
little and show no considerable change in prices.
The new
crop promises to be a fair average one.
To-day the market,
was weak and unsettled.
36i«
335s
Jnlydellvery
August delivery
September delivery
32
3638
Sa^s
32%
3«l4
33
TKurs.
3618
3J>9
3178
:j.ii4
Si's
3214
>4
317,
Fri..
36
333^
31%
The following are the
closing quotations
FLOOR.
»bbl. $2 60» 3 50 Bouth'n com. extras. $4 009
rine
Bupertlne
3 003 3 85 Bouthem bakers' and
family brands
Sni-ing wheat extras. 3 30 8 4 00
5 00»
Minn, clear and stra't. 4 00* 5 00 Rye dour, superfine.. 4 0i>s»
Wlutershipp'pextraa. 3 6.!)» 4 00
Flue
3009
Winter XX A XXX.. 4 259 5 60 Corn meal
4 8>» 6 00
Western, <Sm>
Patents
3 1S9
3 75 9 5 00
Brandywlne, Ac... 3 359
aty Btilptiugex
OBAIN.
Kye— Western
66
Wheat—
97 91 01
State and Canada.
8pnng,per bnsb.
71
91 '« 94
Oats— Mixed
Spi-luKNo.2
35
101 9102
White
37
Bed winter, No.
86 91 06
No. 2 mixed
36
Red winter
92 9102
No. 2 white
White
3S>a»
Barler Malt—
9 54
Com—West, mixed 50
52i4«
2.
Canada
mix.
No.
80 9
West.
53>s
Stat^, six -rowed
5d « 60
West, white
78 9
5a ® 56
State, two roned
68 »
West. Yellow....
63 9 68
White Southern..
56
9
68
Boatbem.
Yellow
.
.
The opening,
ended.
Wed.
100
101
102
Tuea.
100
DAILY CLOSISO PBICBS OF NO. 2 OAT.^.
Sat.
Man. This.
Wed.
Frtdai,
Future*.
Market, )
12:30 P.M. 5
In elevator
= 16*
45.000
3,500
800
38,000
5,600
15.200
868,000
summer
DAILT OLOSIHO PRICES OF NO. 2 BED WTNTEB WHKAT.
»sa*
July
expected until the
State, however, many complaints are made of the ravages of
the Hessian fly, but the area affected is not in the aggregate
of much importance. To-day there was a further decline,
with less speculative interest.
»1S*
34,000
3,000
is
The wheat market has been variable, but no decided change
took place until Wednesday, when the more warlike advices
from Afghanistan and their effect upon English markets
caused a brisk speculation and a sharp advance in prices, with
some increase in business for export; but the movement was
not sustained, and yesterday most of Wednesday's advance
was lost. Crop accounts continue good for the springf-sown
wheat, and the winter-sown promises a fair outturn. In this
932*
The tone of the Liverpool market for spots and futures each
day of the waek ending July 17, and the daily closing prices
of spot cotton, have been as follows:
Bpoi.
increase of activity
»»a*
»18*
Jutie 26.
Of wbioli American
flour
July delivery
—
Actual export
Forwarde<l
Total stock- Estimated..
Of whioh Auierioan— Estim'd
Total import of the week
FlilDAT, P. M.. July 17. 188S.
market has remiined very quiet throughout the
week, except that on Wednesday a fair business was done.
Prices show no important change?, and no permanent
The
....
LrvKHPOOL. By cable from Liverpool, we have the following
Btatement of the week's sales, stocks, &c., at that port. We
add previous weeks for comparison.
hales.
Bales of the week
Of whli'h exjjoilere took
Of which speculators took..
Bales .\niencan
BREADSTUFFS.
....
Compressed.
*
[Vol. XLl.
....
Beval, steam. ...d. ISg^-Tg," ".i-^sa* iSe^-Taa- "e4-''s3'
Do
.
THE CHRONICLE.
C584
Do
—
2
.
.
4
85-
5
4
6&
50
320
3 35
3 40-
68
73
39
44
37%
*0
95
83
7i
The movement of breadstufls to market is indicated in thestatements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Westerolake and river ports, arranged so as to present the comparative movement for the week ending July 11 and since Aug, 1
for each of the last three years:
B*cetptt atr-
Flour,
Wheat.
Corn,
74,184
43.727
Chloago
Mllvankee
Toledo
Detroit
Cleveland.
..
dt. Ix>al8 ...
Peoria.
1,309,773
698,; 52
lfla.779
30,160
SC,441
8.271
2.000
251.360
129,310
31,862
3,211
32.242
9.500
10S.800
182,416
5,730
6 1. COS
2.486
3.015
75,395
33,354
126.685
8,150
142,550
2,150
Dulnth
lb>
321,4Se
2,fll5
U.V94
Barley.
Oatt.
BMI.196IIV Butit.eon>t Biuh.snii! Biu'1.83
Bve.
Biuh.48 Wt BueKiK
11,41
9,750
2.000
lit
13.895-
1,50»
lOV
8.178
4,600
Tot.wk.'SS
140.121
1125,409
1,946.315
1.071.b:W
23,750
Same wk. '84
Same wk. ts
l«l),315
757,021
482,833
1,291,380
130,023
877.803
941,833
20.753
26.481
23.18S
89.137
78,440
99.723,051
96,52i),308
5B.«23,7S7
63,4H5.823
16.678.87B
17,010.723
6,fiS7.4J7
5;..')58.e7«'
16.522,557
4.929,447
1,511,972
Since Jvly 88
1884.8...
9.453.677
I88S.4...
8.';85,9fl4
66,279.0O3:i05,l09,»S;l
8.053.1A9
73.454
The exports from the
Ws' 92470.448
4,650,954
several seaboard porte for the week
ending July 11, 1885, are shown in the annexed statement:
.
M
.
July
THE CBRONICLE.
18, 1885.]
Mxporit
0am.
Wtmu.
from—
UewYork
Onto.
Ay*.
P*a».
BH»h.
Btuk.
Buth.
Buth
BntK.
Bblt.
.^30,2 B
-^, i;;-
n2.ior>
1
l:i... ;n.'
^
.,(
'j.'H>>
J
i.tulii
.»;
1
1
111,
i
1,783
10,21'2
I'.T
till,
.
.
92,321
1
1.'
J.
32;3i6
1
llliliiii'd.
6,1 10
N. c>il'u«.
M. Mowa.
rotalv'k. 1,300,501
837,443
169.817
101,293
840.785
101.896
115.010
34,169
8'me time
1884.
1.053,771
..
73,402
040
We
add the
The
deatiiiation of these exports is as below.
ooirespondiMK {teriod cf lant year for oompariaon:
Com.
Wheat.
FUntr.
mipcrti
fm-^Bttk
1884.
Week,
1885.
1885.
1884.
Wetk,
July 11.
Jut 1/12.
Wrjtk.
•Wntk,
Juhjll.
July
12.
BwK.
1885.
Week,
July
1884.
Wettk.
11.
July 12.
iio.,'<ni
Bblt.
6.1.698
«.)i3i>
3.46«
Buth.
891.177
411,491
B.AC.Aiii
l8,5.^o
12,9fO
8S3
W.
19,082
13.971
12.2.-VI
Brit.col'H
7,108
25
Otli-c'n'ts
411
413
1,2*0
Bblt
On.KlnK
Ooiilin'iit
Iri(lle«
By addin)<
4»l>.7>tl
5J3.987
ini,89li !.30B,.',01 1.0.'\3.771
169,817
Total..
this week's
movement
Bunk.
49X.7.M
223. 9:H
93.427
21.327
837.443
Hunk.
723.0^7
22.314
5,011
8 10,785
to our previous totals
we
4iave the following statement of exports this season and last
-aeason:
Oom.
Wktat.
flour.
BatorUtlMet
I8M-S.
I88V6
18S»4.
I»*4.
Aug. 9S. t«- iU7. 2S to Aut. 87 (0 Ami. 25 tn Auo- £7 tn
July
Julv
11.
Bbb.
4711.
Klnjcdom
ConUn«nc
.
.
5.5e7.*iO
sib.osy
«.AC. Am...
-Wwt India*.
12.
BbU.
Biuh.
Bu.?i.
Biuk.
82.292,7fl4
25,167,782
807.510; I8.90B.'i«-<
18.014,255
11.821.490
7,599.427
40,908
1,223
1.768,110
1.5»8.8«0
1.400
88,883
8.010
20,SS2
507.767
Te.MS
390.886
138 520
80,883
123,800
4S.440.n!H)! 30,7113.892
tn,,i,',n.3iis
:l.5.018,78»
601. SSI
Otb. oomitr'i
SO.SSl
7,8S8,917
6.5Sa.B16
...
Jull/ 12.
I88S-4.
25 to 4U9. a7t"
July 11.
July U.
Aufj.
23.881.338
Brtt. Col'nlea
Total.
II,
Bwh.
1884-5.
4.3U6.250' S4.4.13.433
581.747
731.850
514.011
S7.S09
The
Julu
8fl8.,'.00
rn.\H2
21)1
4n.435
supply of grain, comprising the stocKs in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, July 11, 1885, was a
follows
Wheal,
Oom,
Oatt,
Barley,
Xye
In ttore at—
biuh.
hush.
buth.
biieh.
busli.
Kew York
4.539,096 l,2'>l.0al
783,963
32,304
Do alloat (est.)
384.196
407.202
33,3.)9
7.'>0
Albany
7.0i>0
18,560
10.500
visible
Buffalo
CUica.eo
2.570.856
14,866,630
Newport N«W8...
Blchiuond, Va
Milwaukee
Duluth
Toledo
8^,181
3.260.
1
07
Detroit
830,802
419,869
OsweRO
141. 810
Boston
Toronto
Montreal
PhUadelpUla
Peoria
IndlanapoliH
BUuiBttsatr
Baltimore
Down MiuiMlppi
On rail
On
On
lake
canal
Tot. July U.'85.
Tot, July 4. 85.
Tot. July 12.'84.
Tot July
Tot. July
14. -33.
ld.'82.
20,039
374,937
24,027
28.056
7..'i.i7
2.028.914
8t. Louis
Cincinnati
70.204
661,113
1,089,169
84,825
56.300
225.515
516.183
926.608
4,423
68.431
712,117
830,802
11.1,125
1.015
7,.'i91
5.611
23.500
15.610
46,453
12.1
00
i).OM
14.586
213,499
363
6il5
16,461
60,003
83,011
323
22,o52
440,974
21.403
13,783
253.971
2,'.8,647
21,97.5
208.137
11,393
35.963
185,080
9,052
9,695
549.000 1,303,200
957,772 1,049,851
900,618
832,651
of the probable wants of the trade, and present prices are so
low that values are likely to be maintained in spite of the
declining tendency of raw materials,
UoMKSTic Cotton 0(X)D3,— The ezportsof domootics for the
week eiiiliiig July It were i),004 packages, including 8,077 to
4,586
8,8.^9
2.779
726
65,0i8
reported of late, new business having been comparatively
light, while there was a good steady movement in cassimeres,
suitings, worsteds, overcoatings, &i., on account of former
16,7^7
751
"462
8;206
and drawers was only moderate.
FOBEION Dry Goods have met with more attention from
wholesale buyers, and a moderately increased business in
British and Continental dress fabrics, silks, velvets, velveteens,
&c., was done by importers. Men's-wear woolens, also, were
more active, and there was a steady though moderate call for
linen and white goods, laces, embroideries, embroidered robes,
hosiery, fabric and kid gloves, millinery goods, &o.
linport4ttloiia of Drjr Goods.
The importations of dry goods at this port for the week
ending July 16, 188.5, and since January 1, and the same facts
for the corresponding periods are as follows:
mi4
So
f-
t:
:
H M
S
S
X
i»
s:
if;
III
£ §
i
:
:
;
:
:
36.9B0,53l 7,029.783 3. 24=. 431
37,370.024 7.331.916 3.268,8,^4
12.466.481 6,728,710 3.531.285
18.170.321 .1.612,418 3.465.529
8.947,865 6.000,134 1,312,849
108,109 207,469
115.936 221.247
239.206 337.331
368.931 1,742.677
65,932 637,289
c-
<T.
CO r- Oi
"v
CODXtOM
^
!
S
b^i'jc'asio
>
coAto:cu
^ « -J *» CD
^lODMoia
coo
lU-itClOO
.** •'I
WW CO 5 a
OS -- CJ
Si
21
tdOD
p — WOOM
•'I
fO -J o« Jt
coaoxdu
Frldar, P. M., July 17, 1885,
week has developed more activity in some branches
of the dry goods trade, ind there was a very fair movement
in certain fabrics adapt J to the coming season but the gen
«ral market continue<l quiet Southern and Southwestern
past
!
^^
C£ 30
OS as OP 00^
to-~J
MM COM*.
OW
CiO<X)ato
(
-jVi
I
MMCO_M_*k
loV io*»
V
cccsot:^aD«
"i-occicitd
— X T.rO
WwiiaSCt
OA O
030
O£
03»
XX-IJ-JO
3S
I
AGO
;
jobbers were the prinripal buyers, and their joint purchases
reached an important aggregate amount, although aelectioos
iaw»accc^
MCCWlfaM
*
^7*^^w
00
s a * ~> o
16,000
:
o
6,597
2,776
911,300
s
Pi
s:
772
15,610
animation than
less
,
26,750
6,691
3.121
Cloakings have shown
transactions.
expected, but a fair business was done in a few specialties.
L'idles' cloths, tricots and soft wool dress fabrics have met
with a good deal of attention, and satisfactory orders were
placed with agents representing some of the most desirable
makes. Satinets ruled quiet, and the demand for Kentucky
jeans and doeskins was irregular, while there was only a
limited inquiry for repellents and Jersey cloths. Flannels
were in rather better demand, but by no means active, and
there was a steady movement in while and colored blanket,
at unchanged prices. Worsted dress goods, as cashmeres,
plaids, mixtures, printed reps. &c. were in improved requests
and shawls and skirts were more active in some quarters; bat
carpets continued somewhat sluggish.
Wool hosiery and
fancy knit woolens were fairly active, but the trade in shirts
1,^,167
1,283
to China,
their representatives traveling in the Wrtst,
Vcnei ginghams
were o|>ened by the mill agents, and very fair sales of leading
makes were effected. Opening prices are, however, considerably
lower than last year, the best standard dress ginghams having
been placed on the mirket at 9c. per yard, against lOJ^c. last
autumn. Cotton hosiery continui-d in good demand, and
stocks are in excellent shipe as a rule.
Domestic Woolen Goods— The market for men's-wear
woolens has been characteriztid by the same general features
510
13,710
11.047
9,237
to Venezuela, 100
10.">
and smaller lots to other deiiitinatiDns. The home demand for
plain and colored cottons wa« strictly moderate, but a fair
iiUHiness in Mheeting^, drills, &c., was done with exporters, and
the tone of the mtrket w.is fairly steaily, owing in a measure
to the diminished output by Northern and Simthern mills.
Print clolh.s riilod quift and unchanged on the basis of 3o, for
6 1x0 Is and 2:''g j. for .')8xfl08, at wliich Hgures b >th " spots " and
" futures " were freely offered by manufacturers. Dirk prints
continued in very fair demtod. good aggregite sales having
been made to buyers on the spot, while liberal orders were
received by the commi^eion houses through the medium of
THE DRY GOODS TRADE.
The
85
Ureat Britain, 181 to Hrazil,
31,0^9
3 000
10lio7J
212,197
Biiliiin're
rUrur.
(;m.27ti
M<>lllrt..il
^
Mb'VcU^
Ot
K,
^ »» o^
CCi
-J
b9Cn*->ota>
K)CC<OUO
averaged light.
Dei)artraent buyers for Western jobbing td
houses have already appeared in considerable numbers, and
indications point to an enlarged business in commis.sion and
importing circles in the early future. The jobbing trade was
14
by no means active, but a fair distribution (for the time of
year) was made by leading jobbers, the re-order demand
•I'-*
having been of pretty good proportions. There is a better
» — to
-I
M tc?. jD M
CJ v;
to o
feeling in the trade tlian has existed for some time past, and
the aspect for fall business is considered favorable, even by
the most conservative merchants, who are not apt to take a M
- M D
C>
C6
too sanguine view of the situation. With comparatively few OS OJ 3 *» X _3S 3S
M b« tc 'd "b 31
OS
exceptions, stocks of manufactured goods are not in excess O
Jt
'J v|*»-£> JO
09 «rOXOO
a«
W f M CO
rf^
*J*- C t0 3>
I
^1
CQi-tC^jOOO-W
coostoio'vi
vo zo
tc W ^ ti
ct
-C
<-•
Mcato*JM
•-J
10 10
COO
MWMyiM
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I
,
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ifr.
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— XW©
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p to X M X
M*-q bV"j«'—
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to9» ;,c>a
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'II
1
THE CHRONICLE.
86
[Vol. XLI.
^^^CQttX,
%CQVd,
TEXAS & 8T.
NOTICE.-eALE OPINTHE
TEXAS, consisting
LOUt-i RAILWAY
of 31535 miles ot road, the rolling stock, ftanoliiso, iiiid
i«ll
its
property.
tho basis of a prorated mileage of said entire road of
315 3-5 miles as hereinafter described.
A second mortgase
Hen executed by the Texas &
Louis Railway Company In Texas to J. W. Philand Abraham Woltf, Trustees, dated June 1.
A D. 1880. to secure its '* land grant and income
mortgage bonds " for $1,000 00 each, bearing six per
cent interest from date, and not paid unless earned,
and amount issued §8,000 00 per mileof completed
road: said bonds decreed to hold a second mortgape
lien upon SiddSitiO miles of railway and property deSt.
lips*
Notice Is hereby given that I, J. M. MoCor
mick, Special Master in Chancery, under and by
virtue of a certain order of sale issned out of the
Circuit CViiirt of the United States for the Northern Dl-trict of Texas, directed aud delivered to
mc. Avlll proceed to sell at public auf-tlon for
cash, before tho court-house door In fne city of
Tyler, Siuith Counly, Texas, on, to wit, the
fourth day of August, it being the first Tuesday
In AUfiiii-t, A. D. 1»85, between 10 o'clock A. M.
and4<i'clock P. M., all that certain properly
desciibed in the following order of sale, and
upon the tenna and conditions named therein.
United States CJircnit Court.
Fifih Circuit and Northern District of Texas, at
Waco.
The President of tho United States of America,
To J. M. McCormick, Special Master.
Whereas,
A
final
decree was made and entered
in the cause No. 14, Chancery, the Central Trust
Company of New York, Trustee, Complainant,
I-ouis Railway Company In
vs. Texas & S
the United States
Texas, etR2., Defendants,
Circuit for tho Northern District of Texas at
Waco, on tho 23d dayef Apiil, A.D. 1885, orderiug and directing the clerk ot said Court.
upon application of J. M. McCormick, Special
Master appointed in said cause, to issue an order
of sale of the Texas & Sf. Louis Railway Company in Texas and its property as described
In said decree ; and
ifAercos, The said Special Master has made
his applieatien for such order of sale, now,
thereiuro, iu pursui^neeof said final decree, I,
J. H. I''niks, Clerk of the Circuit Court of the
United States for tho Northern District of Texas,
at Waco, do hereljy Issue the following order of
Bale In the aliove entitled cause, to wit You
are hereby ordered ond directed to seize the
Texas & St. Louis Railway, estimated to be
31535 miles of completedrailroad, with its Eastern terminus at Texarkana, and its W^estern
terminus at Gatesvillo, Texas, together with all
Its property, tho said railroad and property now
in possession of 8. W- Fordyce, Receiver, ap
pointed in tho above entitled cause by this
Court, and exercising said trust And after giving at least 60 daj s' notice ot tho timeaud place
and terms of such sale, anil tbo speciflo properly
to be sold, publishing such notice in two newspapers in the city ot Tyler, Texas, and in one
newsp.apcr in tho city of New York, vou will
proceed to sell at public auction in the city of
Tyler, Texa-s, all and singular tho lands, tenements and hereditaments of the said railway
corporation, icoluding all its railroads, tracks,
right of way, main lines. i>ianch lines, extensions, kidiugs, superstructures, depots, depot
grounds, station houses, engine houses, car
houses, freight houses, wood houses, sheds,
watering places, workshops, machine shops,
bridges, viaducts, culverts, fences and fixtures,
with iilLits leases, leased or hired lauds, leased
or hired railroads, and ail its locomotives, teuders, cars, carriages, coaches, trucks and other
rolling stock, its machinery, tools, weighing
scales, turn-tables, rails, wood, coal, oil, fuel
equipment, furniture aud material of every
name, nature and description, together will, all
m
;
the corporate rights, privileges, immuuities a.'d
framhlses of said railway corporation, inclut*
Ingiho franchise to bo a corporation, and all the
toUa, farec, freights, rents, incomes, issues and
profits thereipf, and all tho reversion and reversions, remainder and remainders thereof, excepting, however, and reserving from tho lien
of said mortgage under which this -ale is made,
all laud grants, land certificates and lands received by said corporation, as well as all lands
acquired by donation which are not actually
occupied and in une by it, or uecei-sary to the
operation and mainieuanco of its lines ot road.
The said entire 3 1.5:<5 miles of railway, together
with all tho rolling htoek and property as hereinbefore described, to be s jld as an entirety.
The sale of said railway aud propotty is made
In foreelo^ure and satisfaotiim of the following
liens thereon, as described in said final decree,
to wit:
A
.
mortgaKe nou executed to Henry Whelon
an^ Henry (i. Mafquand, Trustees, June 1, A. I>
1880, on iifttl miles of said railway, and all its property
from oxartan.i In; Waco, to secure $8,00000 of
first m-i'i
upon each mileof conjpleted
road. 1
n 00 with inl erest nt e per centum pci
iho issue and (lullvery of said
bonds, 1:
r-jed to boa lirst Ilea upon 200
miles of .said fill U\ ay and property as aforesaid: also.
erst inortKHKe lien executed by said Texas & St
Louis H.lllway IV,, i,, Tfxas to tho Central Trust Com"'''"""
"tl. A. 1). l.S3i,on
P
"
.and all its propfirst
'1
!~^
el
rtgagosixpercent
'"'
per
.^_i
-
1, ifv^l.
and
O'j each, bearliig
six
lje«innln« to ran J luio
Said bonds liavHig boon is..iued
tho amount authorized, fc^l3 .
'1
ihlloof Completed road,
ion 4'.)K.r, miles of naid
jnte';',-!.
:
'!
no'-
r
60000, !
muinK.railway
Texas,
1
'
1
i:'"!
,.. ,-,
I
r,
a first
I
miles to (bitcsvliie
,1 I., b.. and to
hold
„f railway
1 7.000
00. to
'lesof rail.
mortpronerty; but Inasmuch as tho same wore issued under
the same accd-.f im^t, „,ni intended to hold the
»amellonastlM
and were sold and dollTered wllhoti:
nurehascrs of any distinctive diffen
I he bonds, they
in (act
DelHKOf thes-iui.,
'as udjuoired and decreed
that the l.l»7l,..nds un.l tho B2f) TWnds " hoSld bo
placed on tho same footing and entitled to the same
equltiea, and are decreed to share In the proceeds of
il8 Bale of 40 3-5 miles of railway and piope^lSa
t""!/.',-
*';
Z. and
way
„,.,,...,.. .,..,,„-.,, ,„ ,,,,.,„, ,, third
00 i-uid atio miles of rniiwayniid
llago lien only
.
•
.
scribed In said first mortR.ige. and amounting t.) i'i,188.000 00 besides Interest; the said decree in no
wise affecting the lien held by said bonds and mortgage upon the lands described therein.
A second
St.
mortgage lieu executed by the Texas &
o in Texas to tho Central Trust
Louis KailwBy
<
Company of New York. Trustee, dated Aug.
A. D.
1881, on the entire line of its railway, to secure its
feneral first mortgage laud grant and income bonds
or ^00 00 each, bearing six per cent interest from
June 1,1881, due and payable only when earned, St.817,000 00 or said bonds decreed lo be outstandinp,
of which ?1. 197,000 00 decreed to be a fourth mortgage lien upon said 206 miles of said railway and its
property, and §820 OO'i O'J of said issue decreed to bo
a second mortgage lien on said 49 3-5 miles of said
rallwayand Itspropeity; but inasmuch as the said
entire §l,817.U0O0O were is.^ued at the same time
under the same lien of the same series, and without
notice to the purchasers of any difference therein,
the sain $1,817,000 00 is decreed to share in the proceeds of 40 3-5 miles equally upon the basis of mileage as tho 49 S-5 miles is proportion to the 266 miles
of railway and its property as hereinafter described
in the terms of sale.
1,
The terms and conditions of the said sale In foreclosure and satisfaction of the aforesaid liens in aud
upon said 315 3-5 miles of railway and property as
decreed to be sold to tho highest bidder, are as follows, to wit:
Ist. The sale shall bo for cash, and the purchaser
at the sale shall then and there pay over to the
Special Master the sura of ^£0,000 in cash, and the
remainder of said bid upon confirmation of the sale
and delivery of title, as nereluafter provided.
2d. Upon delivery of title the purchaser shall pay
in cash or debentures and claims ordered to be paid
by this Court as a prior lien to the first mortgage
bonds, such sum as may be ascertained by the Master sufficient to pay olf and satisfy all costs, expenses, disbursements, fees of attorneys and solicitors,
all debentures Issued or paid out, or that may be
Issued and paid out. and all claims now adjudged or
that may here;ifter be adjudged under tho orders or
decrees of this Court, to be entitled to be first paid
and satisfied out of the proceeds of sale before the
first mortgage bonds, and 11 any claim remains unsettled and unaseeit.lned at Ihedutoof tiieconflrmatlon of sale and delivery of title to tho purchaser,
which should be and may afterwards be adjudged to
be entitled to be first paid out of the proceeds of sale
before the said first mortgage bonds, and the cash
paid in shall not be sufflcieut to pay on the same, the
said claim or claims shall be and are hereby decreed
to be a first and prior lien on said railway In the
hands of the purchaser, and may be so enforced by
the futher order of this Court..
3d. After fully paying olf said cla.ms entitled to be
first paid out of the proceeds of sale In cash before
theflrstmortgatre bonds, the remainder of said bid
may be paid in first mortgage bonds hereinafter ascertained to be a first Hen on said railway and property,
and whereas I8.128.0U0 of tfrst mortgaKO bonds were
Issued upon and hold a flrsl lien on 806 miles of said
railway and property, and gfi20,000 of the general
first mortgage bonds were Issued upon and no'd a
first lien on 4'J 3-5 miles of sa'd railway, and $1,197.000 of saldgeneralfirst mortgage bonds were issued
under the same deed of trust and upon the whole
line and entitled to share in the proceeds of sale on
49 3-5 miles of said road equally with the others,
making SI .817.000 of said bonds equally entitled to
share in the proceeds of sale of 49 8-5 miles hi,lding a
first Hen tlieronn. subjeotto the prh.r payments hereinbefore provided.
It Is Iheref'ire ordered
and
directed that the remainder of said cash bid.
after the aforesaid payments
entitled
to
be
first paid,
be divided Into two parcels In the
"iroportlon and on the basis of the mileage of
tie road sold, the total line of road sold being
31o3i) miles, and said liens of said first mortgage
bonds, to wit. the first morteage .bonds beinitohtOO
miles and thegcneral first mortgage bonds being upon
49 3-0 miles, the remainder of said bid shall ho divided so as to sot olf 260/315 3-5 of said amounts
and 49 8-5/315 3-6 of said amount *
.and the
purchaser may pay said suras In said bonds respeenUKer amount may bo paid In said ?8,12H,J.'-.V.'^'i-.*'"'
000 of bonds and interest pro rata accordluKly as the
percentage may bo. and the smaller amount mav be
p;nd in tiie same manner by the 81,817.000 aud interest of the general first mortBiige bonds pro rataaecordinElyasthepercentaEemay bo. and if any part
of said bid remains unpaid after the application of
payments hereinbefore provided, the same shall be
paid over to the Master In cash, to be hereafter
dlslrlbutedand apportioned according to the equities as established and determined by this decree.
—
plalnant, at the city of Tyler, Texas, subject to be Inspected by all persons deslrinifto purchase at said
sale, and the same will be exhibited and read on the
^
day of said sale.
The said sale of tne aforesaid propert-y is to satisfy
certain costs, expenses, disbursements, attorneys',
fees, claims ordered to be paid, delientures, other
claims and Hens described and mentioned in said final
decree and order of sale; aud the amount of cash re-,
quired to be paid on the bid for said pnipcrty as provided in tlie said final decree ar,d order of sale will
be ascertained so far as possible and filed with the
said schedules and inventory of property, subject to;
the inspection of purchasers before said sale.
All information in possession of the Master con-]
cernlng the property to be sold, and the debts agalusti
the same, will be given upon application.
i
J. M. MCCORMICK, 'v
DAIXAS, Texas, May 1 1, 1885.
Special MasterX.
Butler, 8Tii,L,Hi\x & HUBBAnD,
Hkkndon & CAIN,
Solicitors for
Complainant.
^
TO CREDITORS OF THE
NOTICE
TE.xAa & Sr. Louis K.mlwav
Ci).mp.\-NY in
Texas.— Notice is horcliy givcu to all creditors
holding claims entith d to be paid out of the
proceeds of tUo sale of tho Texas & tit. Louis
Railway and its property in Texas, to occur
August 4, 1885, at Tyler, Texas, and lo all persona owning or holding bonds or other socurl.
ties and liens upon Paid property, entitled to
sh.are in the proceeds of said sale under tho
final decree rendered in said cause No. 14 in
Equity, to forthwith deposit their cliiima end
written momoranda, in pursuance of nnd as required by a certain order made by the Hon. Don
A. Pardee, Judge of the United States Circuit
Court for the fifth circuit, as follows, to wit: —
" In tho United States Circuit Court- for the
Northeru District of Texas- at Chambers, June
16,1885. riilsdayoame on to be hetird tho application of J. M. McCormick, Special Master la
Chaueeiy, appointed by the United States
Circuit J.idge for the Fifth Circuit, to wit: by the
Hon. Don A. Pariiee.lucauf5eNn, 14, pendingin
the United States Circuit Court of said circuit
and district ot Waco, Tej as, wherein the Central
Trust Co. of New York, Ti ustor>, is complainant,
and tho Texas & St. Louis Company in Tcxa",
et al., is d> fendant, and tho s.ime being considered and it appearing to the Court that a final
decree was enter- din said causa April 1:3, 1885,
foreclosing certain lit ns lii f ,ivor of the holders
of certain series of bonds is-ued by said defendant company upon said railway and iu prope. tv, and in pursuance thereof an onler of sale
was issued iiudersaid decree directing said Siieeiul Master to sell said r;iilway aud all Its property, o v;it: 315 3-5 miles ot road, rolling stock
and property in Texa.', on tho terms named
ihercin; and it further appearing that said Special Master has advertised said railway and
property to bo sold at the City of Tyler,
Texas, on the 4th diiy of August, 1885.
Aud allowing a part of the liid for s.ild xiropcrtytobo paid in cash R.ilHcicnt to cover ml
ciauus decreed to bo cntiilcd to be first paid
out of the proceeds otsale betoie tho first mortgage aud other subsequent mortgage bonds,
Hiid the remainder of said bid to be paid in lirst
mortgage bouds, and tiie surplus of said proceeds, itany, to-be p;dd into court to be apiilieil
to the p.ayment (f the subordiuate securities
and ehainis acci rding to the eq^uitics established
by thesiiid lin:.l deerce. Auliii order to enable
eaiti siieeial m.tatcr to iisceriaiu tlio several
llaliUnies against the Toxa-s & St. I..oui8 Kailway Coinviauy in Texas and .against the Receivership's ndministering said trust siuce the
16th day ot January, 1881, so as to determine
the an.ount of cash to be paid on the piu-ehaso of
said propertv and the amount of bouds that
can be rt ceived iu payment, it is hereby
ordered and directed th:it all persons whomsoever holding any cluims entitled to be
pa'd out of the prooer ds of Iho sate against
the said Texas &, fit. Louis Railway Company
in Texas, or against Iho said railwiiy and propel ty while In the hands of the Receiver adininisteiing the same, shall forthwitii aud bel'oro
the said sale of 4th of August, 1>S5, fui-nishto
J. M. McCormick, Special Master, addressed to
him at Waco, Texas, or Tyler, Texas, care of
H.rudon & Cain, Solhitors for Complainant,
the said claims, including all bonds of every
series nnd kind deeref d to hold a lieu upon said
property, all Receiver's ceniilcates, claims ad1
judged by Court for l;bor, material, costs of
court, Judgments, fees, commissions, contracts
for money, counsel, Bolieitors' ;iiid attorneys'
fees incurred. In fact, every claim whaisoever
whichisentitled to tiep.'iidontof the proceeds
of sale of said railway ami property.
The owners of the bonds aud ithcrva'nablescby liisauthority,loafuture day.notexceedingthlrty cnrlties are not required lo deposit the bonds
days thereafter and said postponement shall be themselves.unh ss svieoiidlyrcqiiestedsotodoby
4th. Itlsfurtherordered thatthesald SpeclalMaster Is authorized and directed. In the event that the
sale advertised nt the time and place shall for any
good and sufficient cause fail to be in.ade on tho day
named, that the said saleshall then and therobe postponed by thesa'd 8peclal Master, or some person designated by him, and to be postponed In his name and
published In at least one newspaper In the city f.f
1 yler during said adjournment of sale, in addition to
the verbal notice given at the time and place of adjourning paid («le, and the sale shall be made on the
day to which it is adjourned as hereinbefore directed.
Ana after thesale. payment of the purchasemonev
as directed, reportof sale totheCourt.and amflrination
thereof, the, said Special
Master
will
make
a good and sutticient title In fee simple of the
property so sold t.j the pun baser or purchasers,
which title shall bo f eeof all encumbrances and
shall be a perpetual bur to all claims or equities, or
equity of redempl on or any claim whatsoever to the
said properly so siild by said railway corporation
or
those claimiriB under it, and the said purchaser or
purchasers shall not be bound to see that the pureha.se money Is properly applied.
Witness the Honorable Morrison R. Walto, Chief
-lubticeof the Supreme Court of tho United Mates.
;V,',„5,?,'S'''"'»J!'«'^'''™i''t)ourt thereof, at Waco,
tills 1 th day of May, In
1
the year of our Lord elBliteen
H _ -.''?l'"3!l,.®,I'''"y-*'e
dence
tho 109th year.
and of American indepen-
„„j'-.H. FINKS, Clerk 01 sau Court.
A",chlrt„l„
„Ak£??°"''^,'""1 ">^™'"ryof all the property de"' '?,'"'•
»° ""' "' of AUKUst.
1885 win" r'fll'X?
"'li"
I?^tnrt«tS?,.fr-^, '",.'';? '^meoof the Clerk of the
""• Waco; also In the
rtSiiPof
Mi,i™''n"""..'^"'i''
office
of Mews.
Herndon & <:aln, solicitors for com-
thoMustcrforin.spectioii, but shall give tUenumber of the bond orother security, irsdate, amount,
style, rate of interest, when the Interest beg;in,
and figured up to AugiLst 4, 188^i, lu a statement by the owneror ills duly authorized a gent,
and duly sworn to aud attested before an ofiioer
having a seal. As to all other clalma, the cliilm
itself must bo deposited with tho Mastt r with a
staieuient of ownership, a-s above, duly sworn
to, which said claims tho Master shall file and
register iu a book kcpcfor that purpose, didy
classified r,a to prioiity and iu tho ureter received. It is further onleiod that said Special
Master shall cause this order to be puLiiished in
the stine newspapers in which said sale is atlvertised f ri,m his date unt ii said sale. Also in one
newspaper in the Citvof 8t. Louis, Mo aud iu
the City of Waco, Texas; andtlio Oleriiof the XT.
S. Circuit Court, at Waco., is diiccti d to file and
enter this order upon iiio minutes of said Court,
in the above entitled cause, Jiud furnish a certified copy to J, M. MoCormicli, Special Master.
June 1 6, 1885.
DON A. PARDEE, Judge.
Waco, Xkxas, June 25, 1885.
M.
J.
McCoKMicK,
Special Master,
^
1
.
.
@FedFRASER