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rr
O'
MAGAZINE,
MERCHANTS’
HUNT’S
^«jehIh HUwspape*,
VOL.
COMMERCIAL INTERESTS OF THE UNITED STATE:
INDUSTRIAL AND
REPRESENTING THE
j moment,
CONTENTS.
Moin-y Market.
Commercial
anil the
j
87 |
83
News
10 ;
i increase tlmir investment
THE HANKERS’ GAZETTE.
Foreign
Qimra< i-msot' Stocks and Ronds
Ex-'
Now York
eiiHuicc, U.S. seeurifies. Shito
llitiiroad
Bonds- and
and
Railroad Earnings and Rank
Returns
Investments, and State. City
and < -nrooraiion Finances...
01
Stocks..
Local Securities.
they advance prices, they often do not need to
when
English News'
(’ommcieiaiami Misceiianeona
8t;
.
an*l
Monetary
Development ?
in tin- Sontii
Colonial 1 xp:ins!i ji
German Empiio
;
83
.
and if they do not carry it to*, an extreme they
play with it as the cat plays with the mouse. Even
can
THE CHRONICLE.
The Financial Situation
Recent Railroa'il
NO. 99P.
SATURDAY, JULY 2(>, 1881.
39.
03
0 1
95
it
reduce
much it’
-
anv,
.
.
^ '
and
many
limes
materially in supplying this demand, so when
values tumble age in, in case they do, they are no worse oil
than before.
Furthermore, if, in the meantime, crops and
earnings should develop until they meet the glowing antic*
ipations so largely believed in now, and general prosperity
l*u
105 sets in, they are in a better condition to take advantage of"
the new surroundings.
The game is therefore one which
anv management inclined to.speculate plays as against the
The (Throntele.
The Commercial and Financial Chronicle is published in public with loaded dice, for such’ officials know the inner
New York every Saturday morning.
condit ions'of weal or woe which others’can only suspect-.
{ Filtered at the Post Ottiee. New York, N. Y., as second-elans mail matter. J
Hence it i-..-as we have so often said, that when.* full infor¬
TERMS OF SUBSCRIPTION! -PAYABLE IN ADVANCE :
mation is withheld, the investor does wisely to abstain
For Om* Year (including postage)
810 2i»
do
t» po •
For Six Months
from purchasing.
Annual subscription in London (including postage)
£2 / s.
Six urns.
do
do
£l 88.
do
A marked peculiarity of this week's entertainment in
These prices include the Investor.-’ Supplement, issued once in two
Ra-n^e in Prices at Die N. Y.
Stock Exchange
02
HIE COMMERCIAL TIME-5.
Commercial Epitome..'
or» I Rivadstnil's.
Cotton
;
00
I>ry Goods
0(>
,
months, and
Chronicle.
furnished
without
extra
charge to subscribers of tin*
Subscriptions will he continued until definitely ordered to be stopped.
The publi-hers cannot be responsible tor remittances-unless made by
Drafts or Post-Odice Money Orders.
A neat tile cover is furnished at 50 cents; postage on tile same is is
cents. Volumes bound for scinse.-ihec* at 81 On.
Oflkrs hi Eiii>luiul.
Tlte office of the Commiiiu iai. and Financial Chronicle in Lon ton
is with Messrs. Edwards a smith, I Drapers’ Gani ns, E. C.. win-re
subscriptions and iulvcrtxcuicnis will be taken at the regular
and simrle copies of tin* paper supplied at Is. each.
The ollieo of the Chronicle in Liverpool is
Buildings.
II. 'DANA.
M
WILLIAM
JOHN
O
.
?
THE
Co., Publishers,
Post OFFICE kb»X U58.
FIN A X CL 1 L
"Wall street has been in
a
Exchange
at B 15,
Willi*.it Street, NEW
79 Sc SI
t
FLOYD.
A:
It. DANA
H ILU VII
ratesj
YORK.
SI TilA TIG X.
better mood this week.
Values
properties have improved there not a little*. ..This
generally interpreted as receiving its impetus from
the oversold condition of many properties, and to -have
been engineered by holders of stocks to secure a markoit for
selling on. That interpretation, thougiun the main correct,
cannot be accepted without: qualification."
As we have for
several weeks pointed out, some stocks were in any event
of all
rise is
verv
low. and: .-till others
were
see
the
severe
future, while
view of the
the- fact
that buvers began to
lienee there
which did not exist
In the
same
on
wore
aids to
an
buoyancy in any department of trade has
accompanied it. < )ur drygoods market lias seen more
’buyers, but,, although prices are so low, they purchase with
great caution, and only to meet the more pressing wants.
Among manufacturers, reduced production of goods
is the universal tendency, while failures continue to
over
occur all
the country and in every department.
These an* facts, and although we are desirous of giving
as
hopeful a view of the situation as possible, they must
not be ignored.
The mere circumstance, however, that
they exist is by no means conclusive proof that they are to
continue.
Each one can judge for himself whether we are
to get out of these surroundings by a leap, or by the slower
process of liquidation.
It is a feature of great promise
that crops are looking so favorable, and a further as¬
suring point that stocks of goods in the hands of
distributers are small, and still 'another
cause for
congratulation that our foreign trade is in a much more
of
it
should
be remembered that
favoring circumstances, and in the present over-j
sold condition of tne market, tlie large holders of stocks
possess almost complete control of .values... They have
J.
'm
fc-
demand which tliev
.
V
can
than
more
better.
must
true,
Cotton is
t’orn
excite at
in
passing
most
expect to hear it unfavorably
the
cause
any
*
sections*
a very ci
never
looked
itical period, and we
reported about.
Just
for chief anxiety is tlx* drought in Texas,
excessive rains of the spring making the plant less
to endure dry weather than when the start is. with
As also affecting railroad earnings, the
hoped, and (unless yellow
epidemic there) it is believed, will bo
an important factor.
Rut, as we have said before, until
crops increase the consumption of goods, and business
revives, the late conditions as to railroad traffic cannot be
in full force again.
world’s fair at New Orleans it is
with such
under their power a
Then again, all that lias been said
promise.with regard to the wheat crop is proving even
advance drier surroundings.
previous similar occasions.
connection
the commercial condition of the
country;-no
appear more numerous m our dry goods, market, was now
received by many as a confirmation of. the better hope ! the
both as to* crops and consumption of goods which ha 1 able
been entertained.
been
also low unless the countrv conservative condition.
depression now existing in commercial
alfairs greatly prolonged.
With crops almost everywhere
promising well, a basis was offered for a more hopeful
is to
Wail Street lias
fever should become
THE CHRONICLE.
81
Many inquiries have been made this week with regard
to the Chicago & St. Paul, that stock having had unusual
attention called to it on account of the rapid rise in its
shares.
It should not, however, have caused surprise,
that a property selling in the fifties while it is paying and
up to this t?me earning seven per cent, should advance.
Unless it can be shown that there is danger of its not
being able to meet its fixed charges, the mere fact that it
of funded
has 97 millions
debt
of itself
is
of
one
com¬
paratively little significance. That debt covers 4,760 miles
road, representing only a little more than $20,000 per
of
We reviewed the road’s condition last March
mile.
(Chron¬
March 22, page 347), when its last report was issued,
and the only new question that can now be raised is as to
the effect of the present depression in general business on
icle,
Its gross
its traffic.
have been
years
and net receipts for the last four
follows.
as
Operating
1882.
1881.
1880.
Chic. Mil. & St. Pall.
1883.
-
$
$
$
.9
13,080,119 17,025,461 20.386,726 23,659,823
7,742,426 10,317,931 12,186,073 13,778,038
expenses
6,707.530
635,308
5,343,693
324,293
Net earnings
Miscellaneous receipts...
8,2< 0,653
9,881,785
164,707
623,813
LYOI. XXXIX.
wheat
belt, have suffered diminution of traffic for the past
in consequence of the light quantities and in *
ferior quality of the crops of cereals raised in that section.
The improved outlook in that particular this year, has
two years
therefore stimulated
purchases by investors of such of the
as are
not speculative
and have more or less merit, and it has also encouraged
some holders ol the AYabash securities to
hope for a satis¬
factory ending of the financial troubles which encompass
that property. At the same time, as already stated, cliques
in slocks of nearly all the roads running through the
spring wheat region have advanced those properties on
the basis of the low prices ruling
and the pros¬
pects of that crop
of
an
improvement
in
and
general trade which the crops, it is argued, will induce,
largely augmenting the traffic for the remainder of the
year. ' Of course these cliques are disinterested enough to
abstain from holding these properties for any length of
time, and will be disposed to sell as soon as they can realize
good profits and find purchasers. Combinations have also
of the
stocks
above-named roads
-
been formed in
some
of the Southwesterns with
a
similar
object, and indeed large holders of share property who
have been
groaning under the weight of'their burdens for
months are now doing all that they can to make their
From this statement we find that operating expenses in
specialties as attractive as possible to the public. Thus far
1880 were 59T7 per cent, in 1881 they were 60-60 per
these combinations appear to have succeeded only in com¬
cent, in 1882 they were 59-77 per cent, and in ,1883 they
pelling a covering of a large portion of the short interest
were 58-23 per cent of
the gross earnings. All charges, in the market without inducing
much outside .buying
including dividends, during the same years have been as
except of a few of the first class investment stocks.
given below.
A fact which, as frequently stated, is having all the
time no little influence on public confidence, is the course
18S2.
1881.
1883.
1880.
Interest, &o.
of our foreign trade and of the foreign exchange market
S
$
$
$
Total net income
Interest actually paid
Dividends declared
Total
charges
Receipts as above
5,667,991
7,342,838
8,824,466 10,046,492
2,918.384
1,942,237
4.127,389
2,210,617
4,786,053
2,794,988
4.860,6-21
5,667,991
6,333,006 7,7*81.041 8,695,092
7,342,838, 8,824,466 10,016,49!
1,004.832,
807,370
Balance
The last line in
5,373,925
3,32 i ,167
table shows
the above
1,351,400
1,743,425
balance of
the
year’s income left on each year’s operation. Thus
last year- the balance was §1,351,400 over and above
interest and a 7 per cent dividend.
The reader can judge
as well as we can what are the
chances of that being used
the
up this year.
Probably the interest
income of 1884 will be increased to
than that
of debt will
the first six
months of 1884 the gross earnings decreased about
$260,000 ; as the company refuses to give out its
working expenses we cannot say whether the net loss is
more or
less than the gross ; but as all roads .are now
economizing, we may presume that the gross shows a
greater loss than the net. ( 'ailing it however, in the
absence of actual information, the same, we have already,
not call
?
to be paid out of the
$5,800,000, not more
as the entire increase
full interest this year.
On
probably,
for
in the item of increased interest and less income, $686,000
of
last
year's balance absorbed.
What ■the next six
months' traffic will be is a problem of difficulty.
The road
is
longer than it was a year ago, and therefore draws
wider section. while the
traffic from
a
tion which
the system
but
on
land under cultiva¬
drains i> all the tune increasing:
general buMiie-s has heroine much less
spring wheat crop was \»m \ good*in iss.l
the other hand
and the
active
with
P.u»
tie-
class
numemu>
tm»r«
;n
Wall
Street
a
plausible them \ is . n.mgh t*i trade < y, at nn\ Una*
That
crops should be ,ib ,ml.in’ and deed j bi mg pi osp. i it \ at
.
oia »
4**
fa-* in iti ig
a
t1
pt< *p** it • *lls
t« r
k
fa
a
m at
t%'n 1.
It
s
11 at 11
W L
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b* t h
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further declined
t)
W .U'er »
week exchange
pound sterling, but-yesterday
part of the loss. The supply of commercial
bills is comparatively large, the result of somewhat liberal
shipments of grain; bankers’ drafts were also the early
part of the week pressing on the market, indicating a
movement of securities, the renewal of sterling loans, and
the anticipation of shipments of cotton.
The demand is
merchants,
and
falling
light from
the
off in the exodus of
tourists is said to have some influence upon the inquiry
for travelers’ credits.
Mail advices and private letters have
reported a better inquiry for American.securities, and it is
possible that the abundant crops may induce comparatively
liberal purchases of some of our stocks for European account.
Texas d' Pacific funding circular has been oiie of the
features of the week, both because of the light it throws
on the company’s
financial condition and its present needs
and requirements, and also because it makes a definite
proposition to the bondholders ami acquaints them with
the concessions that are expected of them in the interest
of the preservation of the property.
In brief, the proposal
is that the company shall authorize the issueof 6.J millions,
-•(ieneral Mortgage and Terminal Bonds,” and that bond
holders shall fund coupons as follows: New Orleans divis
one
bondholders
ion
Januarv,
of nine
dated
cent per
-
aim*
one
half
into
each of nine coupons
from
one
half
the first of August. IS ST; (’onsoli
division
from
of
Ki<> (i ramie division bondholders
coupons. .from
funded
iii
I vs;,
Eastern,
colon»n*■»
bondholders-
hecember
I
1
vs 1
one
flie
half
of
four
bo
of bonds
eo-upons
to
scrip convertible into the new mme
fix < - hundred d**lhrt>_
At fust thought
mm of
th»#
seems disappointing m requiring ^ince-emm*
lh* M*-t> |i 4* v, 1, .jig a jieriod
I t years but
|et.iM n the p.aii -a n appear Ji-.*l m itimut Its merits
pii*p-*iiti*>ii
11«11
t*
e
Earlv this
it recovered
‘ l •*
* *
reflects it.
which in the main
,
M
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l
n
,
the 1*
i
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fe*
4‘
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*
file
linked t<’ f.Ull I old?
I he o* ,e I I t.t t f*e J<v| tin i ,|A} |
1 li
p’.lf, |A e J l* % %:»*?.* t 0 •» UllilUgof
$600,000 less than in 1881, though mileage has been ma¬
terially extended in the interval, and net are over $530,The continued decrease in gross
000 smaller than then.
and. on the
bonds are
for but a little over two years,
consolidated bonds for only one year. As the
full coupons
held by legitimate investors,
dependent upon the income which the bonds yield, it is
certainly the better policy to pay them half in cash for
four years rather than to make bondholders forego all
doubt in many cases
no
So
CHRONICLE.
THE
26, 1884.]
July
is in
explained
part
no
doubt by the same circumstance
connection with the Denver Si Rio
Grande, namely the fact that during the period when rates
were
very low, earlier in the
year, merchants and
interest in full for two years.
shippers took advantage of the situation to the extent of
The effect of this funding scheme will be that the com
sending not only goods requiring immediate delivery, but
pany will save in interest the payment of $3,218,810
also goods and freight on future orders, thus in great
the period over which the scheme extends. As the scrip to
measure anticipating the movement of subsequent months,
be issued for this $8,213,810 of interest is to be converted
and leaving very much less traffic for those months than
into the new bonds, pretty nearly one-half of the 6.V mil¬
there ordinarily is.
As to the expenses, it is perhaps
lions to be authorized would be required for this purpose.
unlikely that the company can reduce them to as low a
The remaining §3,286,TGI) is to be used in making (extra¬
ratio of earnings as in. 1881 (in May of that year it will be
ordinary repairs, renewals and improvements, and in pro¬
noticed the percentage was less than 16 per cent) since
viding additional steel rails, equipments, &c-. Whether this the
system covers a wider extent of territory, and there¬
will he sufficient for the company's needs can easily be
fore must be costlier to operate, and yet the fact that a
determined from the figures furnished in the circular. It
saving was effected in May would seem to indicate that
is estimated that for the purposes mentioned $1,160,652
efforts are being made to keep them down as low as
will be required in 1884, §819,776 in 188.7, §160,280 in
possible, »and that -there is some room for a move¬
1886, and $272,552 in L8S7, making $2,713,260 altogether,
ment
towards greater economy.
The exhibit for the
against the .$3,286,1 GO of bonds to be applied to this end, five months shows that on gross earnings nearly
leaving $572,900 that could bo used in reduction of the
$1,100,000 less than in 1883„ expenses had increased
floating debt, which is given as $1,298,530 of date July 1.
over
$600,000 (in part accounted for, as stated, by the
1881.
This floating debt could very likely be further
severe winter weather prevailing), so that the net record a
reduced or wiped out altogether out of net earnings should
loss of fully two millions for the period, though the
the funding scheme be adopted and interest’ payments
loss is much less when we compare with either 1882
diminished one half. The requirements for interest during
or
1881.
The results for May, however, encourage the
the remainder of the current year are stated at $985,510.
future months the returns may be
but tliis we calculate would be'reduced $133,235, to hope that in
less unsatisfactory than the early ones have been.
$552,505, under the funding scheme. During the live
Pennsylvania Railroad's Juno return is unfavorable.
months of 1885, from August .1 to December 5!,-the net
Still it is not so bad as some would have us believe, and it
earnings of the company were $905,700, so that on 'this
certainly is not without its encouraging features—particu¬
basis, with interest reduced, there should be a consider,
larly on the Eastern division.
Among these may ho men¬
able sum remaining even in the 'present year to apply to
tioned the reduction in expenses that lias been effected.
the extinguishment of the floating debt...
To be sure the reduction is not large either as compared
Union Pacific s belated return for the month of May.
with the heavy increase that occurred in the previous year,
issued this week, is an agreeable surprise in making a very
much better exhibit than had been expected.
Indeed, or as compared with the falling off in gross earnings—
the latter showing a decrease of $250,697 (from 1885),
while the decrease in net for the month (as compared with
last year) had been stated as high as $500,000 and against a decrease of only $15 1,581 in expenses: but it is
satisfactory as indicating that the tendency at present is in
$600,000, the actual figures now to hand .make it less than
harmony with the needs of the times.
We understand
$200,000—really only $181,8 11—thus affording by far the
that the Pennsylvania officials have enjoined rigid econ¬
best monthly return that has been issued since last Novem¬
alluded to last week in
during
c
k
St
t?
I
earnings continues quite large, omy upon the heads of all departments, hut, as we have
said oil previous occasions, measures of this kind cannot be
hut, contrary to the experience in other recent months, the
l
rung o! course, expected to hoar full fruits all at once, but .must rather he
expenses this time also record a falling oil
in expenses is left to develop slowly and steadily, with the effect of grad¬
diminishing the loss in'net. The. decree
In the following slateevidence ually working* out hotter results.
certainly a very satisfactory feature, since it a If on
i
the system
the
The decrease in gross
ber.
of at
tempts
the jdi qiiic! i
and
-
at
retivnehmeut. and
>n
that must be made bet wet m
mon!
provedi
account
in
its. tiie
he fir 1 q :: y' -r
!
>;i;d, !mvv\
emphaM-rfs
pr-sent months
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b<
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a sop*
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as
so
-
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work of roads
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the Western system.
on
-1 i k < >!; 'he wliole net
r< ;
»■« *i■
,
.
..
the exhibit
«
ad ding
and Erie for six yeai's,
; •;rg
>f Piit
rate line
the
-ca’i.v-i
earnings and expenses
yiv<
wo
-
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■
Pm
.nf t:.«* veer h.
meat
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heavy addit i- e.M
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and' ini'! eas 1 he r
largely Tv
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II.
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•
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•
MERCHANTS'
HUNT'S
§*Wl0pRpC**
&
INDUSTRIAL AND COMMERCIAL
REPRESENTING THE
INTERESTS OF THE UNITED STATES.
SATURDAY, JULY 26, 1884.
39.
VOL.
MAGAZINE*
NO. 996.
i moment, and if they do not carry it to an extreme they
can play with
it as the cat plays with the mouse. Even
THE CHRONICLE.
83
Monetary
and Commercial
when they advance prices, they often do not need to
The Financial Situation
English News
88
Recent. Railroad Development
increase their investment much if any, and many times
in tlie Soutli
80 Commercial and Miscellaneous
News
CO
Colonial Expansion .and the
reduce it materially in supplying this demand, so when
German Empire
87
THE BANKERS’ GAZETTE.
Quotations of Stocks and Bonds - 93 values tumble again, in case they do. they are no worse off
Money Market, Foreign Ex¬
New Y'ork Local Securities
94
change, U.S. Securities, State
than before.
Furthermore, if, in the meantime, crops and
Railroad Earnings and Bank
and Railroad Bonds
and
C O N T
E N T 8
95
Returns
91
Stocks....
.
Investments, and Htate. City
and Corporation Finances...
92
THE COMMERCIAL TIMES.
Range in Prices at the
Stock Exchange
Commercial Epitome
N. Y.
194
.99 I Breadstuff's
99 j Dry Goods
..i.
Cotton
105
%\xt Chronicle.
Thb Commercial and Financial Chronicle is
New York every Saturday morning.
I Entered at the Post Office, New
96
published in
York, N. Y.. as second-class mail matter.]
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WILLIAM B.
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WILLIAM W. DANA «fc Co., Publlftliers,
79 A 81 William Street, NEW YORK.
Post Office Box 958.
FINA N CIA L
THE
Wall street has been in
a
SITUA TION.
better mood this week. Values
properties have improved there not a little. This
is-generally interpreted as receiving its impetus from
the oversold condition of many properties, and to have
been engineered by holders of stocks to secure a market for
of all
rise
That interpretation, though in the main correct,
cannot be accepted without qualification.
As we have for
several weeks pointed out, some stocks were in any event
very low, and still others were also low unless the country
is to see the severe depression now existing in commercial
affairs greatly prolonged.
With crops almost everywhere
promising well, a basis was offered for a more hopeful
selling on.
view of the future, while the fact that buyers began to
appear more numerous
received by many as a
both
as
to
crops,
in our dry goods market, was
confirmation of the better hope
and consumption of goods which had
been entertained.
Hence there
which did not exist
on
In the
same
were
aids to
an
advance
previous similar occasions.
connection
it
should be remembered that
with such
favoring circumstances, and in the present over¬
sold condition of tne market, the large holders of stocks
possess almost complete control of values.
They have
binder their power a
buoyancy in any department of trade has
accompanied it. Our drygoods market has seen more
buyers, but, although prices are so low, they purchase with
great caution, and only to meet the more pressing wants.
Among manufacturers, reduced production of goods
is the universal tendency, while failures continue to
occur all
over the country and in every department.
These are facts, and although we are desirous of giving
as
hopeful a view of The situation as possible, they must
not be ignored.
The mere circumstance, however, that
they exist is by no means conclusive proof that they are to
continue.
Each one can judge for himself whether we are
to get out of these surroundings by a leap, or by the slower
process of liquidation.
It is a feature of great promise
that crops are looking so favorable, and a farther as¬
suring point that stocks of goods in the hands of
distributers are small, and still
another cause for
congratulation that our foreign trade is in a much more
Then again, all that has been said
conservative condition.
of promise with regard to the wheat crop is proving even
more
than true.
Corn in most sections never looked
better.
Cotton is passing a very critical period, and we *
must expect to hear it unfavorably reported about.
Just
now the cause for chief anxiety is the drought in Texas,
the excessive rains of the spring making the plant less
able to endure dry weather than when the start is with
drier surroundings. As also affecting railroad earnings, the
world’s fair at New Orleans it is hoped, and (unless yellow
fever should become epidemic there) it is believed, will be
an important factor.
But, ss we have said before, until
crops increase the consumption of goods, and business
revives, the late conditions as to railroad traffic cannot be
in full force again.,
definitely ordered to be stopped. country; no
The publishers cannot be responsible for remittances unless made by
Drafts or Past-Office Money Orders.
A neat file cover is furnished at 50 cents; postage on the same is 18
cents. Volumes bound for subscribers at $1 00.
Offices in England,
The office of the Commercial and Financial Chronicle in London
is with Messrs. Edwards & smith, 1 Drapers’ Gardens, E. C.. where
JOHN G. FLOYD.
earnings should develop until they meet the glowing antic¬
ipations so largely believed in now, and general prosperity
sets in, they are in a better condition to take advantage of
the new surroundings.
The game is therefore one which
any management inclined to speculate plays as against the
public with loaded dice, for such officials know the inner
conditions-of weal »or woe which others can only suspect.
Hence it is, as we have so often said, that where full infor¬
mation is withheld, the investor does wisely to abstain
from purchasing.
. •
A marked peculiarity of this week's entertainment in
Wall Street has been the commercial condition of the
demand which they can excite at any
THE CHRONICLE
84
r
Many inquiries have been made this week with regard
to the Chicago & St. Paul, that stock having had unusual
attention called to it on account of the rapid rise in its
shares.
It should not, however, have caused surprise,
that
property selling in the fifties
a
up to this
Unless it
while it is paying and
time earning seven per cent, should advance.
can be shown that there is danger of its not
being able to meet its fixed charges, the mere fact that it
has 97 millions of-funded debt is of itself one of com¬
paratively little significance. That debt covers 4,760 miles
representing only a little more than $20,000 per
of road,
mile. We reviewed the road’s condition last
icle,
and
March' (Chron¬
March 22, page 347), when its last report was issued,
the only new question that can now be raised is as to
present depression in general business on
Its gross and net receipts for the last four
the effect of the
its traffic.
have been
years
follows.
as
1880.
Chic. Mil, & St. Paul.
1881.
1883.
1882.
a»
$
$
$
13,086,119 17,025,461 20,386,726 23,659,823
7,742,426 10,317,931 12,186,073 13,778,038
.
Gross earnings
Operating expenses
5,343,693
324,293
8,2(0,653
623,813
5,667,991
7,342,838
8,824,466 10,046,492
Miscellaneous receipts...
Total net income
From this statement
1880
were
59T7
9,881,785
6,707,530
635,308
Net earnings
we
.
164,707
find that operating expenses
in
cent, in 1881 they were 60-60 per
per
59-77 per cent, and in 1883 they
cent of the gross earnings. All charges,
including dividends, during the same years have been as
given below.
they
cent, in 1882
were
were
58-23 per
1880.
Interest, &c.
1881.
1882.
''
*
$
$
4,786,053
1883.
$
5,373,925
3,321467
Dividends declared.
$
2,918,384
1,942,237
4,127,389
2,210,617
Total charges
Receipts as above
4,860,621
5,667,991
6,338,006
7,342.838
7,581,041 8,695,092
8,824,466 10,046,492
807,370
1,004,832
1,243,425
Interest
actually paid....
Balance
The last line in
the
last
1,351,400
the above table shows the balance of
year’s income left on each year’s operation. Thus
year the balance was $1,351,400 over and above
interest and
as
2,794,988
well
a
as we
The reader can judge
can what are the chances of that being used
Probably the interest to be paid out of the
7 per
cent dividend.
up this year.
income of 1884 will be increased to
than that
not call
$5,800,000, not more
as the entire increase
full interest this year.
On
probably,
for
of debt will
the first six
earnings decreased about
$260,000;" as the company refuses to give out its
working expenses we cannot say whether the net loss is
more or less than
the gross ; but as all roads are now
economizing, we may presume that the gross shows a
greater loss than the net. Calling it however, in the
absence of actual information, the same, we have already,
months
of
1884
the
gross
in the item of increased interest and less
income, $686,000
year’s balance absorbed. What the next six
a problem of difficulty.
The road
is longer than it was a year ago, and therefore draws
traffic from a wider section, while the land under cultiva¬
of
last
months’ traffic will be is
wheat
belt, have suffered diminution of traffic for the past
two years in consequence of the light quantities and in *
ferior quality of the crops of cereals raised in that section.
improved outlook in that particular this year, has
purchases by investors of such of the
stocks of the above-named roads as are not speculative
and have more or less merit, and it has also encouraged
some holders of the Wabash securities to hope for a satis¬
factory ending of the financial troubles which encompass
that property. At the same time, as already stated, .cliques
in stocks of nearly all the roads running through the
spring wheat region have advanced those properties on
the basis of the low prices ruling
and the pros¬
pects of that crop
and of an improvement in
general trade which the crops, it is argued, will induce,
largely augmenting the traffic for the remainder of the
year.
Of course these cliques are disinterested enough to
abstain from holding these properties for any length of
time, and will be disposed to sell as soon as they can realize
good profits and find purchasers. Combinations have also
The
therefore stimulated
been formed in
some
a
similar
.
holders shall fund coupons as follows: New Orleans divis¬
ion bondholders one-half of each of nine coupons from
January, 1885
but
of nine coupons
on
of the Southwesterns with
object, and indeed large holders of share property who
have been groaning under the weight of their burdens for
months are now doing all that they can to make their
specialties as attractive as possible to the public. Thus far
these combinations appear to have succeeded only in com¬
pelling a covering of a large portion of the short interest
in the market without inducing much outside buying
except of a few of the first class investment stocks.
A fact which, as frequently stated/ is having all the
time no little influence on public confidence, is the course
of our foreign trade and of the foreign exchange market
which in the main reflects it.
Early this week exchange
further declined one cent per pound sterling, but yesterday
it recovered part of the loss.
The supply of commercial
bills is comparatively large, the result of somewhat liberal
shipments of grain; bankers’ drafts were also the early
part of the week pressing on. the market, indicating a
movement of securities, the renewal of sterling loans, and
the anticipation of shipments of cotton.
The demand is
light from merchants, and the falling off in the exodus of
tourists is said to have some influence ujion the inquiry
for travelers’ credits.
Mail advices and private letters have
reported a better inquiry for American securities, and it is
possible that the abundant crops may induce comparatively
liberal purchases of some of our stocks for European account.
Texas dc Pacific funding circular has been one of the
features of the week, both because of the light it throws
on the company’s financial condition and its present needs
and requirements, and also because it makes a definite
proposition to the bondholders and acquaints them with
the concessions that are expected of them in the interest
of the preservation of the property.
In brief, the proposal
is that the company shall authorize the issue of 6£ millions.
“General Mortgage and Terminal Bonds,” and that bond-,
tion which
the system drains is all the time increasing ;
the other hand general business has become much less
[vox, xxxix.
dated Eastern
active, and the spring wheat crop was very good in 1883.
But with the more numerous class in Wall Street a coupons from
funded into
;
Rio Grande division bondholders one-half
from the first of August, 1884; Consoli¬
division
bondholders
one-half
of
four
1, 1884—the coupons to be
scrip, convertible into the new issue of bonds
of five hundred dollars.
At first thought the
December
plausible theory is enough to trade on at any time. That
in amounts
crops should be abundant and should bring prosperity at
once, is a fascinating idea, and it is easier to assume both proposition seems disappointing in requiring concessions
propositions than to wait to realize them. So far as win¬ from the bondholders for so long a period—4-£ years—but
ter wheat is concerned, the result is assured ; and it is on consideration the plan will appear not without its merits.
known that the Illinois Central, the Chicago Burlington It will be noticed that bondholders are asked to fund only
& Quincy, the Chicago Rock Island & Pacific, the half of the coupons, the other half to be paid in cash." In
Wabash, and other lines traversing the great winter reality, therefore, the plan is equivalent to the funding of
f.
July 26,
THE
1884.]
85
CHRONICLE.
for but a little over two years, and on the $600,000 less than in 1881, though mileage has been ma¬
consolidated bonds for only one year. As the bonds are terially extended in the interval, and net are over $530,no doubt in many cases held
by legitimate investors, 000 smaller than then. The continued decrease in gross
is in part explained no doubt by the same circumstance
dependent upon the income which the bonds yield, it is
alluded to last week in connection with the Denver & Rio
certainly the better policy to pay. them half in cash for
four years rather than to make bondholders forego all Grande, namely the fact that during the period when rates
were
very low, earlier in the
year, merchants and
interest in full for two years.
The effect of this funding scheme will be that the com shippers took advantage of the situation to the extent of
pany will save in interest the payment of $3,213,840 during sending not only goods requiring immediate delivery, but
the period over which the scheme extends. As the scrip to also goods and freight on future orders, thus in great
be issued for this $3,213,840 of interest is to be converted measure anticipating the movement of subsequent months,
into the new bonds, pretty nearly one-half of the 6^ mil¬ and leaving very much less traffic for those months than
As to the expenses, it is perhaps
lions to be authorized would be required for this purpose. there ordinarily is.
The remaining $3,286,100 is to be used in making extra¬ unlikely that the company can reduce them to as low a
ordinary repairs, renewals and improvements, and in pro¬ ratio of earnings as in 1881 (in May of that year it will be
noticed the percentage was less than 46 per cent) since
viding additional steel rails, equipments, &c. Whether this
will be sufficient for the company’s needs can easily be the system covers a wider extent of territory, and there¬
determined from the figures furnished in the circular.
It fore must be costlier to operate, and yet the fact that a
is estimated that for the purposes mentioned $1,160,652 saving was effected in May would seem to indicate that
will be required in 1884, $819,776 in 1885, $160,280 in efforts are being made to keep them down as low as
1886, and $272,552 in 1887, making $2,713,260 altogether, possible,' and that there is some room for a move¬
The exhibit for the
against the $3,286,160 of bonds to be applied to this end, ment towards greater economy.
live
months shows that on gross
earnings nearly
leaving $572,900 that could-be used in reduction of the
floating debt, which is given as $1,298,530 of date July 1, $1,400,000 less than in 1883. expenses had increased
1884.
This floating debt could very likely be further over $600,000 (in part accounted for, as stated, by the
reduced or wiped out altogether out of net earnings should severe winter weather prevailing), so that the net record a
the funding scheme be adopted and interest payments loss of fully two millions for the period, though the
diminished one half. The requirements for interest during loss is much less when we compare with either 1882
The results for May, however, encourage the
the remainder of the current year are stated at $985,540? or 1881.
but this we calculate would be reduced $433,235, to hope that
in future months the returns may be
$552,305, under the funding scheme. During the five less unsatisfactory than the early ones have been.
months of 1883, from August 1 to December 31, the net
Pennsylvania BailroacTs June return is unfavorable.
Still it is not so bad as some would have us believe, and it
earnings of the company were $903,700, so that on this
basis, with interest reduced, there should be a consider, certainly is not without its encouraging features—particu¬
Among these may be men¬
able sum remaining even in the present year to apply to larly on the Eastern division.
the
tioned
reduction
in’
expenses that has been effected.
the extinguishment of the floating debt.
To
be
sure the reduction
is not large either as compared
Union Pacific s belated return for the month of May,
issued this week, is an agreeable surprise in making a very with the heavy increase that occurred in the previous year,
much better exhibit than had been expected.
Indeed, or as compared with the falling off in gross earnings—
while the decrease in net for the month (as compared with the latter showing a decrease of $250,697 (from 1883),
last year) had been stated as high as $500,000 and against a decrease of only $154,581 in expenses; but it is
$600,000, the actual figures now to hand make it less than satisfactory as indicating that the tendency at present is in
$200,000—really only $184,841—thus affording by far the harmony with the needs of the times. We understand
best monthly return that has been issued since last Novem¬ that the Pennsylvania officials have enjoined rigid econ¬
ber.
The decrease in gross earnings continues quite large, omy upon the heads of all departments, but, as we have
but, contrary to the experience in other recent months, the said on previous occasions, measures of this kind cannot be
expenses this time also record a falling off, thus, of course, expected to bear full fruits all at once, but must rather be
diminishing the loss in net. The decrease in expenses is left to develop slowly and steadily, with the effect of grad¬
certainly a very satisfactory feature, since it affords evidence ually working out better results. In the following state¬
of attempts at retrenchment, and moreover it emphasizes ment wTe give the earnings and expenses of4 the system
the distinction that must be made between present months east of Pittsburg and Erie for six years, adding in a sep¬
and preceding months, the heavy additions to the expense arate line the exhibit on the Western system, so as to show
full coupons
,
account in the first
quarter of the year having been caused
the result
on
ice that impeded transportation corporation.
operating the road. It is to be
Lines East of
Pittsb urg
said, however, that though the comparison is quite favor¬
June.
able with last year, it is very much less so when we go back
dross earnings
to 1882 and 1881.
The following is an exhibit for four Operat’g expenses.
Net earnings...
years, both for May and the five months ended with May.
Western lines
the whole net work of roads embraced in the
largely by the
snows and
and increased the cost of
Union pacific.
1884.'
May.
$
Gross earnings
Operating expenses./..
-
Net
Jan. 1 to May 31.
Gross earnings
Operating expenses....
Net
Here
1883.
18S2.
1881.
$
?, 112,312
1,1 GO,807
$
2,351,013
1,223,097
2.187 929
1,222,700
%
2,731.389
1,‘253,o2 l
942,475
1,127,510
1,205,22a
1,4" 8,0 j 5
..
0,057,828
10,000,125 Il,‘.’6!,0'8
5,425,204
0,020,471
7,270,921
wTe
find
ings—so much
so
1881.
1SS2.
1S80.
1879.
.
$
*
4,093,75*'.
2,559,4+
3.807,437
2,318,894
3,221,470
2,209,229
1,083,0.0 1.179,142 1,534,333
—380,92S —170,290; +103,778
1,488,543
—29,905
1,012,247
000,994
+-10,877 -252.387
1,038,111
1,459,03-
1,059,124
&
3,900,174
2,823,148
$
4,150,871
2,977,729
1,002,852
*
$
2,390,810
1,789,816
348,607
Jan 1 to June 30;
23.333,249 24,352,579 22,030,847 21,553,831 19,434,071 15,414,058
Operat’g expenses. 15,221,007 15,833,753 14,460,725 12,550,685 11,339,602 9,568,204
Gross earnings.
4,040,567
9,082.G6 i
( .090,552
3,892, no
steadily declining gross and net earn¬
that the gross the present May are over
...
Net earnings...
Western lines.
Result
9,300,895
1883.
■
722,098
Result
S
,
1SS4.
...
+35,403 +1524,804 +1341,107
5,845,854
—419,337
9,435.510
5,420,517
8,112,212
—724,490
8,518,820
+215,074
S, 190.122
8.997,154
7 387,752
8,734.500
8,225,585 10,522,018
8,094,409
conspicuous feature here is the heavy augmentation
in expenses year after year till the present.
In June of
IS79 the expense account amounted to only $1,789,816+
From that time it rose steadily till it reached $2,977,729
The
THE CHRONICLE.
8(5
(VOL. xxxix.
The Bank of
England lost during the week £1 9,233.
$2,823,148. If we compare present earnings with those of This represents £8,767 drawn from the interior, and
The Bank of France reports a
June, 1879, we find an increase of $1,515,364, while the £28,000 shipped abroad.
rise in expenses has been $1,033,332, or over two-thirds of gain of 3,772,000 francs gold and of 2,785,000 francs silver.
the whole growth in business.
That gives an idea of the The following indicates the amount of bullion in the prin¬
great expansion that has in the past taken place in the cipal European banks this week and at the corresponding
in
from which there has now been a decline to
1883,
-expense account and what room we
for reduction in the same
now
may presume - there is
under the prevalence
TTe regard the possibility
of a large contraction in this item as one of the
important factors in the situation, and one which may
insure fair net results, even if business should fall off. It will
of
date last year.
July 24, 1884.
depression.
business
be noticed that the result
on
the Western lines for the month
equally, if not more, unfavorable than on the Eastern lines.
For instance these Western lines entailed a deficiency-in
is
Gold,
Silver.
£
£
July 26, 1883.
Gold.
Silver.
*
£
£
*
Bank of
England
Bank of France
Bank of
Germany.......
Total tills week
Total
previous week
22,576,486
24,555.625
....
41,778.752 40.G31.765 39,695.327 41,4 82 173
7,668,000 23,001.000
7,551,250 22,653,750
73,885,627 63,285,515 63.939,813 64,480,178
73.741,828 63,136,990 69,558,786164,513 952
The Assay Office paid $244,458 through the Submeeting liabilities of $360,928 in the present year, against
Treasury during the week for domestic bullion, and the
a deficiency of only $176,290 in June. 1883, and a surplus
of $103,778 in 1882.
Allowing for the loss or gam here Assistant Treasurer received the following from the
Custom House.
(as the case may be), we find that the Pennsylvania had
net left to it of only $722,098 in June this year, against
Consisting of—
Date.
Duties.
$1,002,852 in 1883, and $1,638,111 in 18S2. The result
Silver Cer¬
Gold
TJ. S.
Gold.
Notes.
for the half year, made up in the same way, show's net
tificates..
Gertific's.
of $7,387,752, against $8,734,500 in 1883, $8,225,585 in July 18
$160,0oo
$22,000 $16,000 $253,000
$179,876 07
46.000
191,000
147,000
19...
39L222 11
5,000
1882,-and $10,522,018 in 1881.
The poor exhibit on the
153,000
433,000
21...
103,000
10,000
706,911 84
Western system is accounted for by the multiplication of
408.000
254,000
12.000 135,000
22..
806,763 78
8 7,000
13 3,000
70.000
2,000
23...
296,458
23
new lines, the low
rates prevailing, and the indifferent
114,000
24...
113,000
316,529 3 7
5,000
87,000
crops that have been realized for several years in the
S3 003,761 40
Total
$915,000
$56,000 $ 187,00< 1,543,000
territory traversed by the system. As to the first of these
causes, that of course is permanent.
The second will be
in part remedied by the higher rates now in force, while RECENT RAILROAD DEVELOPMENT IN THE
SOUTH.
as to the crops, the present promise in
that section is for
In no section of the country have there been built- so
an increased yield over most other seasons.
The following shows relative prices of leading bonds and many important pieces of road—so many essential links in
stocks in London and New York at the opening each day. through systems that remained incomplete year after year
—within recent periods as in the South.
We referred
July 25.
July 24.
July 21.
July 21.
Ju\y 23.
last week to the completion of the Vicksburg Shreveport
i
..
“
“
<«
“
“
..
1
Lond'n N.Y. Lond'n N.Y. Lond'n N.Y. Lond'n N.Y.
prices.* price*. prices.* prices. prices.* price*. prices.* prices. prices.* prices.
Lond'n
N.Y.
U.S.4s,c. 120-04
U.S.4%s.
120 %
120-28
112-K
112-28
120%
112%
13-4S
13%
13 48
120%
112%
13-%
53-21
54
123
53%
44. 123%
102-54
’
13 72
con.
54-43
Ili. Cent.
123-44
rsn
54%
123%
N. Y. C..
103-03
102%
Reading
12-75-I
25%
12-0 -A
St. Paul.
Can.Pac.
72-90
73
72*53
Erie
2:
44-83
-
43%
53-0
45*80
102%
25%
72%
45%
120*40
11238
12G-10
123%
11227
112% 11210
14 05
W
1419
1
55 71
12003
50
12523
124
14%
55-59
125%
103-51
1033-1 105-35 105%
12-87120%
20% ! 1335+
! 75>5
73 02
75%
73%
! 40-24 40%
45 31
123-44
120%
112%
55%
125-00
125
100*10
100%
1350+
27
77*03
78
40-28
40%
’
’
Exch’ge,
cables.
*
t
4-80
4
4-80
4
"85%
4
S5%
84%
Expressed in tlieir New York equivalent,
Heading on basis of $50, par value.
Bankers' balances continue, to loan at nominal rates,
and
the money
market is without notable change. The follow¬
ing statement, made up from returns collected by us
exhibits the week’s receipts and shipments of gold and
currency by the New York banks.
Week Ending July 25, 1884.
Currency
Gold
Total gold and legal tenders
Received fry
Shipped fry
N.Y. Banks.
N.Y. Banks.
Net Interi
r
Movement.
11,783.000
40,000
*000.000
Gain
*200,000
Loss.:
*1,S23,000
1800,000
Gain.*1,023,000
*l,lS3,0uu
160,000
*
a
Including $150,000 transferred in the shape of silver certificates by
dep csit cf.'gold in the Sub-Treasury.
The above shows the actual
changes in the bank holdings
gold and currency caused by this movement to and from
the interior.
In- addition to that movement, the banks
have gained $1,300,000 through the operations of the SubTreasury. Adding that item, therefore, to the above, we.
have the following, which should indicate the total gam to
the N. Y. Clearing House banks of gold and currency for
the week covered by the bank statement to be issued to day.
of
Week Ending July 23, 1884.
Into Bank*.
Banks’ Interior Movement, as above
f 1,823,000
Sub-Treasury operations, net
Total sold and legal tenders
Out
of Bank*
Net
Change in
Batik Holding*.
1800,000
t3.128.000
Gain.*1,023.9C0
1,300,000
Gain.
1,300,000
!
#800.onn
Gain.*2.923.000
& Pacific road to
a
connection with
the Texas & Pacific,
the
previous completion of the New Orleans &
Northeastern to New Orleans., opening up to a vast section
and
and direct outlets to Northern Texas and
of countrv
new
the whole
Southwest, and greatly facilitating intercourse
+!
*
South. This week we have
Livingston extension of the
Kentucky Central, from Argenta near Richmond, Ken tacky, to Livingston on the Louisville & Nashville in the
same State, will
shortly be in full running order, thus
affording a new route to Cincinnati, which cannot fail to
be of great advantage not only to that city but to the
different systems of roads- chiefly concerned—more par¬
ticularly the Kentucky Central itself, and the East Ten¬
nessee Virginia & Georgia.'
To understand the importance of this piece of road, it
should be remembered that prior to last year the Kentucky
Central merely formed a line from Covington to Paris
and Lexington, with a branch to Maysville.
Lexington
was a point of junction with the Cincinnati Southern, and •
the Kentucky Central of course might have availed itself
of that company's line for points south of Lexington ; but
as the Central, though small, was really a parallel and com¬
peting line, that course was neither feasible nor -practica¬
ble.
So being left without any important connections, the
company exercised its right to extend its lines south,
and determined upon building the seventy miles or
s3 that would carry it
to Livingston from Paris, the idea
being to connect at Livingston with the Louisville & Nash¬
ville and East Tennessee systems.
It is this piece of 70
mile3 that has now been finally completed.
The upper
portion of it, from Paris to Richmond, was opened over a
year ago, making at Richmond connection with the Rich-
between different parts of the
the announcement that the
July 26,
THE
1884.]
CHRONICLE.
67
(34 miles, from Richmond to Stanford) of the connection with the Chesapeake & Ohio) has furnished
Louisville & Nashville, which had in the meantime been good outlets to Virginia ports—Norfolk, Richmond and
leased; but the main object of the extension was to reach Newport News—from which also Cincinnati had been pre¬
Livingston (further south on the Louisville & Nashville) viously excluded. Washington, too, has been made easier
of access by that route. Moreover, by the completion of the
by a short and direct line, and this has now been accom¬
mond branch
plished.
When the extension was first determined upon,
Memphis Paducah & Northern, and its union with the
south to the Ten¬ Elizabethtown & Paducah (now the Chesapeake Ohio &
Southwestern system), Cincinnati has been supplied with
nessee line, which was to be'reached by an extension of its
Knoxville branch, nor the East Tennessee north to the a competing line to the Louisville & Nashville to Memphis
State line, where the connection between the two systems and from Memphis a road is now being constructed in the
was
to be ' made, had
been built, but these have same interest along the east bank of the Mississippi, whose
long since
been completed, giving to the East ultimate destination is New Orleans, which when reached
Tennessee road an outlet to Louisville, and to the Louis¬ will give Cincinnati four distinct routes to the Crescent
ville & Nashville an outlet to ports on the Atlantic Coast City—namely, that of the Cincinnati Southern, that of
in North and South Carolina; the opening of the Kentucky the East Tennessee, that of the Louisville & Nashville,,
Central now also gives the East Tennessee a very short and that of the Chesapeake & Ohio—against but one only
and eligible route to Cincinnati, in addition to that to a few years ago.
But while it is easy to see that Cincinnati has gained
Louisville, while to the Kentucky Central itself there is
opened direct communication with the whole South and very largely from the extensions of Southern systems, it is
also* clear that other points—in fact the whole South—has
Southeast.
It is to. be noted that a piece of road hardly less essen¬ gained no less largely, not only through the completion of
tial than any of these, had previously been constructed. the lines mentioned above, but also through the construc¬
We refer to the junction of the Western North Carolina tion of other new lines and links.
Among these latter
there
with a branch of the East Tennessee.
The moun¬
is, for instance, the Shenandoah Valley road (entirely
tains of western' North
Carolina had never been new), running from Roanoke, Va., to Hagerstown, Md.,
pierced before, and acted as a barrier to all where it connects with the Cumberland Valley road and
neither the Louisville & Nashville road
commerce
between
the
West and
the
States
of
the affords
a
second outlet to the North in addition to that of
Carolina the Virginia Midland.. Then there is the Georgia Pacific,
particularly were most effectually shut out, for to reach a in operation from Atlanta to Birmingham. This not only
point like Louisville, for instance, one had to pass north opens the coal and iron fields of Alabama to the Richmond
through Virginia or south through Georgia. But with & Danville, but will eventually furnish another route to the
the extension of the Western North Carolina west to meet Mississippi, midway between the Memphis & Charleston
the East Tennessee line, all this was changed, and now and the Vicksburg & Meridian—to all points on the Atlantic *
The East Tennessee line, parallel to the Western
these States are as favorably supplied with railroad facili¬ coast.
South Atlantic Seaboard.
North
and South
&
Atlantic, has already been alluded to, but that line, in
in the becoming part of the Macon & Brunswick, greatly improved
South, Cincinnati would seem to have been the greatest the value of the latter and increased the prospects of
gainer. Indeed, it it almost surprising to note the change Brunswick for a larger business. Then we should also
that that place has undergone as respects its railroad con¬ mention the building of the Pensacola & Atlantic from
nections.
Only a few years ago it was almost completely Pensacola to Chattahoochee, affording a nearly direct line
isolated from Southern* points.
Its connections on the to Jacksonville and bringing the Florida system of roads
north were good enough, but as regards intercourse with in better connection with the Gulf ports.
Other instances
the South there was only one great railroad system open of the construction of less important pieces of new road
to it, and that was the Louisville & Nashville through might be cited, but enough has been said to show that the
Louisville.
Cincinnati felt tire want, too, of railroad facil¬ South has made very decided progress in recent years in
ities in order to improve her position, and it was this that led extending, enlarging and perfecting her railroad mileage,
her to undertake the construction of the Cincinnati South¬ and may now be said to have a pretty comprehensive
ern.
It was supposed that once Chattanooga was reached, system for the development of her resources.
railroad connections in abundance would be found, and the
hope has not been disappointed.
But the Cincinnati COLONIAL EXPANSION AND THE GERMAN
EMPIRE.
Southern has become merely a link in a great through
In his interesting and instructive book on ‘* The Expan¬
route
beginning at Cincinnati, and which was extended
to New Orleans last autumn by the completion of the sion of England,” one of the most suggestive volumes of
New Orleans & North Eastern, and has now by the com¬ the kind given to the public in recent years, Professor
pletion of the Vicksburg Shreveport & Pacific been Seeley of the University of Cambridge very clearly showsextended into Texas.
That however is not all.
The that for the last two hundred years the character of Euro¬
Kentucky Central and East Tennessee supply it with a pean politics has been largely, if not mainly, determined
second line, the latter running not only parallel to the by colonial questions.
It was particularly so during the
Cincinnati Southern all the way to Meridian, Mississippi, eighteenth century and the early part of the nineteenth.
but furnishing a line direct to the Atlantic coast During that period, in England at least, to use his own
through Georgia/ the Western & Atlantic (State language, “it determined the whole course of affairs.’1
France, Spain, Portugal and Holland then had col¬
road) which only a short time ago afforded the
Those foreign possessions
only entrance into Georgia from the north, having onial empires of great extent.
been duplicated by the East Tennessee management. At begot rivalry; interests collided; and a protracted struggle
ties
as
In
the
any other.
all the extensions
that have been going on
the result. Portugal and Spain fell into
background.
Holland, after having for many years
(already alluded to) opened to Cincinnati
all the ports in North and South Carolina, not one of maintained a proud rivalry with England, in her turn
The prize thus lay between France and
which was accessible before.
Further, the building of succumbed.
the Elizabethtown Lexington & Big Sandy Road (to a England, and for a time the result was doubtful.
In
same
time
Carolina Road
the construction of the Western
North
for supremacy was
the
THE
8b
CHRONICLE.
fVoi- XXXIX.
England had made herself mistress of a strip of however, that the colonial expansion policy is one which
territory along the Atlantic seaboard, but France had colon¬ has the warm approval of a large number of the German
ized the delta of the Mississippi, had explored the mighty people, and that, although the subvention of trans-oceanic
river from the lakes to the sea, and had edablished herself lines of steamers is objected to at present, on account of
in strength along the course of the St. Lawrence.
In India the expense, the general policy will ultimately prevail. It
the genius of the Frenchman, Dupleix, had anticipated the is a policy which commends itself to the nation as it flatters
policy which was afterwards so successfully adopted by the national vanity; and in a matter of this kind Prince
the English—that of subsidizing and training corps of Bismarck is not the man to put his hand to the plough and
native mercenaries.
The wars of the revolution proved look back.
The great difficulty which lies in the way of Germany’s
destructive of the French naval power; and England was
left mistress of the seas and at the head of the greatest success in this new line of policy is the geographical
colonial empire the world has ever known.
For the loss position of the country. The empire is land-locked so far
With her present
of the United States she found compensation on the banks as the Atlantic seaboard is concerned.
of the Ganges.
boundary lines, it is hardly possible for her to become a
According to Prof. Seeley, it was to recover what great maritime power. How this difficulty is to be got rid
France had lost in the East that Napoleon undertook his of is a question-the future must solve.
If Holland could
be
induced
to
cast
her
lot
with
the
famous expedition to Egypt: and from that time till the
in
German empire, the
present the' men who have controlled the destinies of difficulty would certainly be in a great measure removed.
France have lost no Opportunity to re-build a colonial Germany would have an Atlantic seaboard; she would
empire. 'Within the last few years the desire has found have ships ana seamen ready made; and she would have
ample and forceful expression.
We have seen Tunis large and prosperous colonies to boot. But Holland is in
added to the African empire of Algiers, the French flag no mood at present to sacrifice her individuality; and the
public sentiment of the nations would not approve of its
planted in Madagascar, and another empire brought under forcible
absorption by the stronger Power. The develop¬
French influence in Southeastern Asia.
ment of Bismarck’s colonial policy will be watched with
America
It is not wonderful that in these circumstances
Germany
begin to feel herself “ cribbed, cabined and confined*’ within the narrow enclosures of her European ter¬
ritory, and that she should be manifesting a desire to
acquire territory and to make her influence felt beyond
the seas.
What effect this may have on European politics
we know not; and it is too soon to venture a
prediction.
This new feature of German politics is, however, in itself
an
all-important fact, and well deserving of serious consid¬
eration.
At the present moment Germany is absolutely
eager
interest.
should
“
without any colonies.
Her people are annually emigrating
by thousands ; but go where they may, they are lost to
fatherland.
Why should this anomaly continue ? Eng¬
land has her vast colonies and dependencies in all parts of
the world.
France is again threatening to become the rival
of England.
Holland has her colonies ; so has Spain ; so
has Portugal.
Why should not Germany ?
So, it appears, reasons Prince Bismarck. It is thirteen
years, we are told, since he deemed it necessary to attend
any meeting of any committee.
He has a dislike for such
business.
It is not without reason, therefore, that import¬
ance is attached to his
appearing before the Budget com¬
few
mittee a
days ago to present his views in regard to
colonial expansion.
He had taken firm ground in regard
to Angra Pequena; and he was able to inform the com¬
mittee that England had yielded to his demands. - He had
taken equally firm ground on the Congo question, in the
interests of German commerce, and he had the satisfaction
of informing the committee that while negotiations were
still pending the Anglo-Portuguese treaty would ultimately
be arranged to meet the desires of Germany.
Reference
was made to the non-recognition by
England of territorial
acquisitions made by Germany in the Fiji Islands before
they were appropriated by the English; and it was broadly
stated that the real secret of the anxiety of the Australian
colonies to take possession of New Guinea was to prevent
the island from falling into the hands of the Germans.
As a necessary preliminary to any vigorous colonial policy,
Germany must be better represented on the ocean. It was
for this reason that lie had prepared his line of steamers
subsidy bill, and it was his desire that a suitable appropri¬
ation be made to build up a commercial navy.
TtiLanztK*%i©0mmerctal % xiQlisU Mcvos
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT
LONDON-July 11-
Time.
On—
Short.
Amsterdam. 3 mos.
Amsterdam.
4*
Latest
Date.
Rate.
'
12-H*. ©12*2*4:
12 3*2 ©12*4
20*59
2060
20-C0
12-30
25 40
'320-63
©20-64
©20*64
©12-35
©25*45
25*40
©25*45
EXCHANGE ON LONDON.
Time.
Rate.
July 11 Short.
12-07
July
July
Frankfort...
July
Vienna
July
a
July
Antwerp....
a
Pari 8
25*36*4® 25-41*4 July
Paris
Checks 25* 16*4® 25*21%
St. Petersb’g 3 mos.
23% 6® 23 5s
July
ii
Hamburg...
ii
Berlin
ii
ii
Genoa
Madrid
ii
Cadiz
Lisbon
Alexandria..
46®8©46%
4658®46%
ii
r
ii
Constant’ple
51*Gi0®52
•
^
.
r
....
New York... Dem’d
Bombay.... 60 days
Calcutta..
••
Song Kong..
Shanghai
...
m
mmm
....
.
Is. 7*ad.
Is. 7^2d.
.
11 Short.
20*42*a
11
11
11
11
11 Checks
20*43
20-43
12*19
1207
2517
11 3 mos.
24*6
ii
ii
ii
ii
July 11 3
mos.
July 11 3
July 10
mos.
....
47-50
5278
97*6
....
4V86*4
July 11 Cables.
July 11
ii
July 11
July 11 4
July 11
H
mos.
•
t
Is. 7*ad.
•
Is. 7isd.
3s. 9d.
5s. l%d.
[ From our own correspondent.J
London, Saturday, July 12, 1884.
During the early part of the present week the temperature
London, and indeed throughout the country, was very high,
but during the last few days there has been a considerable fall
of ram, which has had very beneficial results.
Rain was much
wanted, and there are still complaints from some districts
that we have not yet had enough.
Now that the wheat plant
has undergone the process of blooming as far as the southern
counties of England are concerned, we are naturally looking
forward to the harvest, and some are inclined to believe that
the present unsettled weather may be permanent and that we
may yet have a wet, and therefore unsatisfactory, harvest. The
weather authorities from their observations and experience do
not predict this, and should their conclusions prove to be cor¬
rect, the present season is likely to be one of full average and
general abundance. The rain which has fallen over the coun¬
try during the last few days must necessarilly refresh the pas¬
tures, and there is no reason now for apprehending any
scarcity of grass. The meat supply is a "question of great
importance to us, and a dry season would largely diminish the
capacity for production. There is now not much apprehension
of this.
Although the heat during the last fortnight has been
almost tropical, we have, in the ordinary course of things*
passed the period of the }rear when there is any likelihood of
serious or prolonged drought.
At the same time it is quite
true that British summers have of
late years been very
It has since become known that there is but small
treacherous, and as far as the agricultural interests are con¬
chance of any subvention being granted during the cerned we
may still be regarded as in the regibn of uncertain¬
present session of the Reichstag. It is not to be disputed, ties. The agricultural prospect now is undoubtedly an excel
«
in
July
THE
W, 1884.]
and there will certainly be a good yield of produce if
present unsettled weather should be followed by brilliant
lent one,
the
The dividends on the national debt have been released this
week, and the supply of money seeking employment has been
large; as a result the value of money has shown a strong
downward tendency. So low is the rate of discount that the
banks and discount houses have been compelled to reduce their
rates of interest for deposits to the extent of half per cent,
and as far as short loans are concerned the rate to be charged
is
purely
matter of negotiation.
a
In reference to the state of the bullion,
In fact, it is only about
one-half per cent per annum, while the rate of discount for
three months’ bank bills is 1 per cent. It has not been an unusual
circumstance during the last few years—indeed since 1873—
market, Messrs.
Pixley & Abell remark
Gold.—Since
harvest weather.
*
89
CHRONICLE
our
:
last, gold has been scarce, and, with a good demand,
quotations have remained steady.
The Bank lias lost £305,000 in
sovereigns for Lisbon, and lias not received any of the imports, which
comprise £4,990 from Australia, £8,440 from Valparaiso aud £30,000
from New Zealand; total, £13,430.
£10,000 has been sent, per
“Rohilla,” to Bombajr.
Silver.—With drooping Indian exchanges,
prices have somewhat
given way, and the amount to hand by the Chili steamer was sold at
50L'bed. Since then the market lias agaiu been affected by weak allot¬
ment-* of transfers, and by symptoms of a further fall iu the Indian
wire rate, aud to-day we give 50%d. as the price.
£32.000 has arrived
from Buenos Ayres, £26,700 from Chili and £37,000 from New York.
The P. & O. steamer takes £62,000 to Bombay.
Mexican dollars continue to be inquired after, but, with very trifling
arrivals, the price continues nominal at SO^d. per oz.
r
The
quotations for bullion
are
reported
as
follows:
Price
Price of Gold.
of Silver.
!
July 10.
July 3.
July 3.
Juy 10.
low point. Dis¬
d.
d.
d.
8.
d.
as 5g to % Per cent, so
77 10
Bar gold, flne....oz. 77 10
Bar silver. flne..oz. 5094
50*4
limited has been the demand for it. There is just now a pause Bar gold, contain’g
Bar silver,contain77 1134 !
20 dwts. silver..oz. 77 11*6
5134
Ing 5 grs. gold..oz. 5134
in the general condition of business.
On the Stock Exchange
Cake silver ...oz. 54*4
54*4
transactions are few, and as far a3 the commercial world is con¬ Span, doubloons.oz.
Mexican dols...oz.
3.Am.doubloons.oz.
5034
cerned, there is nothing in anj' way encouraging. Business is U. 8. gold coin...oz. 70 334 70 8*6 | Chilian dels
oz.
kept within very moderate limits, and this, it is very generally Ger. gold coin...oz.
admitted, is a judicious policy to pursue. Such a state of
The dividends declared since the commencement of the
things will no doubt continue until we have assurances regard¬ month are regarded as satisfactory, but in several cases they
ing the European and American harvests ; but the mercantile have been .maintained at the expense of the reserve. This is
classes are not very sanguine as to an augmented autumn trade, naturally an adverse feature, and the process should not be
even if the favorable anticipations which have been formed are
repeated too frequently, as confidence will undergo a shock,
realized. A good harvest, which must mean a greater produc. which is never desirable, more especially at the present time.
tion of wealth as well as augmented facilities for creating it, There has been some improvement in Stock Exchange business
must in some direction exercise its influence.
If it does this week, but there is still much uncertainty, and there are
encourage trade and lead to greater activity, it must undoubt¬ many complaints.
The Board of Trade returns for June, and for the six months
edly render great assistance in restoring a disorganized state of
things, and prevent a panic. It is very generally believed that ended June 30, have been issued this week. They show a
had it been necessary to import food at a high price, there large decrease in our imports, especially of food, and also an
would have been serious difficulties in this country, which important diminution in our exports.
The following are the
are not now possible, or at least probable, the many favorable
‘
particulars:
IMPORTS.
features enabling those in difficulties to place themselves in a
1884.
1882.
1833.
better position.
£ 1,314,172
In June
£6.125,242 *
£7, 70,170
The following are the quotations for money and the interest
In six months
54,355,071
53,225,401
52,171,561
EXPORTS.
allowed by the discount houses to-day and same day of the
18^2.
'
1883.
1884.
previous five weeks:
In June
£20,118,250
£18,649,174
£20,034,942
during this month to fall to
count has in fact been quoted as low
for money
a very
8.
•
1
i
118,2<8,530
In six months
Interest allowed
Open market rates.
London
“
“
Bate.
Bank
|
Four
Three
Six
Months Months ] Months
@
—
Four
j
Six
-
2>6@2*4'2*4@33<i
-
2\i<mt 2*®2*4 2?4@3}4'
2.*
20
2
27
2
1 96®
-
1*6®
4
2
vm
-
134®V 2 @
U6@iH\2 @ -\IK®2 ;2 @2M2^@3
-
-
2 <§>-1*132
-
136@2
At
7 to 14
Wool, sheep and lambs...lbs.
1«
1*6 194-1*4
i*6 1*4-194
Wool, sheep and lambs...lbs.
1
l
,2 @2M:2V&§>3
1
i
il*r@2^2^@3
1
l
i*-i M
1M-1M
*4- %
exports:
Cotton
with
Carpets
2 '
1 1-16
previous
IU®
years:
1882.
1883.
1884.
£
&
£
&
26,653,000
14,225,736
11,646,513
24,701,341
22,246,823 23,677,541
both departments..
reserve
to liabilities
Bank rate
5,867,646
27,059,553
15,143,373
Proportion of
42*96 p. c.
42-25 p. c.
39% p. c.
44 7$ p. c.
2 p. c.
100
37s. Id.
63 jed.
4 p. c.
3 p. c.
2% p. c
Consols
Eng. wheat, av. price
Mia. Upland cotton..
.
28.716,904
16,271,339
20,195,229
13,579,571
23,182,008
26,225,605
27,260,370
4,754,329
26,971,590
4,102,347
27,433,813
14,649,471
22,607,228
12,455,951
26,350,315
4,556,715
22,757,884
11,965,643
21,783,319
Circulation
Public deposits
Other deposits
Governm’t securities.
Other securities
Res’ve of notes & coin
Coin and bullion in
‘
99 78
42s. 4d.
101%
997sd
S^d.
46s. lid.
46s. 8d
7d.
lO^d.
69i#d.
No. 40 mule twist..
10%d.
9%d.
r
978d.
Clearing-House ret’n. 114,237,000 104,223,000 106,565,000 101,763.000
The Bank rate of discount and open
chief Continental cities now and for the
have been
as
market rates at the
previous three weeks
follows:
June 20.
July 3.
July 10.
19.
June
Rates of
r"
Paris
Berlin..
Bank
Open
Bank
Open
Bank
Open
Bank
Open
Rate.
Market
Rate.
Market
Rate.
Market
Rate.
Market
3
2*
3
4
234
29s
.2%
2*4.
.2*4
4
Frankfort
—
Hamburg
~
Amsterdam
Brussels
Madrid
Vienna
.
—
—
3
2*6
3
4
:
33-6
3
—
—
3
2*4
334
334
3
3
i*6
4
m
334
—
—
3
3
2H
3
2*4
3
2*4
294
3
2M
2*4
5
5
5
5
5
5
5
5
4
3*4
4
sn
4
3*6
4
3*6
8t. Petersburg..
6
6
6
6
0
0
0
Copenhagen.
4
4
4
4
4
4.
4
3
..
..
3
0
'
4
1,093,597
1,228,023
142,002,201
168,694,851
1,177.855
cwt.
135,115,089
11,042,900
103,743,400
lbs.
10*420,000
yards.
9^,018,200
lbs.
yards.
£
^,393,441
yaru.lbS
yards.
yards.
yards.
Pi,980,300
398,700
81,392,200
4,590,700
yards.
pairs.
Copper,
uu wrought
and
cwt.
wrought
5,292,700
693,414
Iron and steel
2,094,839
ll,447,S00
115,311,500
9,225,200
82,142,300
1,174,542
14,801,300
40,013,000
68,302,100
3,255,100
4,934,700
538,847
519,402
1,972,379
449,412
tons.
12,604,700
120,690,500
9,829,800
80,222,500
1,087,991
17,564,500
44,480,700
86,016,400
4,084,300
5,130,800
591,541
600,188
1,771,171
following were the quantities of cotton manufactured
piece goods exported in June, compared with the corres¬
ponding month in the two preceding years :
The
1882.
1883.
lc84.
Yards.
Yards.
Yards.
Unbleached or bleached.... 253,972,800
Printed, dyed or colored
106,437,700
Mixed materials, cotton pie-
243,722,900
110,862,100
230,296,600
102,412,700
3,823,400
2,096,500
8,000
364,233,900
|356,681,500
332,717,300
dominating
Total
Other manufactures of cotton show
1882.
Lace and
patent net
Hosiery of all. sorts
£
£
Thread for sewing
lbs.
Other m’fs, uueuumerat’d.£
Tot. value of cotton m’fs..£
Interest at
356,017,986
foreign and colonial.
Blankets
1881.
-
8.897,877
EXPORTS: BRITISH AND IRISH.
Jute yarn
Jute piece goods
Linen yarn
Linen piece goods
Silk manufactures
Woolen and worsted
Wool fabrics
Worsted fabrics
Flannels
n
9,103,674
341,679,521
11,098,062
Coal, coke and fuel.. ..tons.
9,892,046
10,608,7 34
Wool, sheep and lambs..lbs.
8,628,200
7,556,500
5,705,400
Cotton yarn
lbs. 118,63p,500
126,191,600 137,693,500
Cotton piece goods
yards.2,116,901,800 2,233,919,200 2,137,844,400
V'l?6® - 1*4®2 i 1*132 2H®2u 1
The following return shows the present position of the
Bank of England, the Bank rate of discount, the price of
consols, the average quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair 2d quality,
■and the Clearing House return for the past week, compared
“
9,279,230
345,216,206
cwt.
1884.
1883.
1882.
Cotton
Days.
Banks. Call.
Months ^Months Months
-1296®
13
July
Dixr.'t, TVxf.
Stock
;® -1234®
234®
2
|
Three
115,621,673
116,966,905
following figures relate to the six months ended June 30:
IM PORTS.
Trade Bills.
Joint
6 2X 2
June
“
for deposits by
J
Bank Bills.
The
211,649
93,360
1,389,700
85,980
5,179,368
as
follows
:
1883.
239,174
108,990
1,148,200
92.462
5,047,282
1884.
172,196
84,453
1,15 5,200
89,837
4,479,634
diminution of stocks at our outports, the
quiet, but there has been no ma¬
terial change in prices.
Millers are operating with great
caution, but there is some expectation of a steady consumptive
trade as soon as the harvest has been secured, unless we should
be overburdened with foreign produce, which is doubtful at
the low prices current.
The following are the quantities of
wheat, flour and Indian corn afloat to the United Kingdom,
Baltic supplies not being included:
Notwithstanding
a
wheat trade has been very
THE CHRONICLE.
90
Wheat
Flour
Indian
.qrs.
.1882,
1,823,000
present.
1,629,000
Lasticcek.
1,912.000
Last year.
174,000
156,000
269,000
331,000
394,LOO
258,000
At
1,610,000
205,000
212,000
corn
[Vol. xaxix
Imports and Exports for the
Week.—The imports of last
of the preceding week, show an
The following were the stocks of grain and flour in London increase in both
dry goods and general merchandise. The
at the undermentioned dates:
total imports were $10,390,289, against $0,858,806 the pre¬
tu
July 1,
July 1,
ceding
week and $7,556,732 two weeks previous. The exports
M
*"830*t0
18*3.
1*84.
for the week ended July 22 amounted to $7,105,070, against
475,143
641,393
Wheat
qrs. 404.849
40,539
47,201
$7,073,101 last week and $6,856,593-two weeks previous. The
Barley
5,8-9
9,094
6.661
Malt
following are the imports at New York for the week ending
302,665
264,326
179,462
Oats
(for
dry goods) July 17, and for the wreek ending (for general
40
21
Rtp
13,167
merchandise) July 18; also totals since the beginning of the
7,823
8,534
Beans
week, compared with those
•
.
5,287
46,557
8,731
65,217
357
1,260
7,458
24,976
20,017
30,657
1,255
14.916
9,847
5,575
58,4GO
Peas
Maize
Tares
'.
Linseed
Rapesced...
14,505
-1,797
332,802
11,573
Sundries....
7,234
3,294
330,123
bbls.
sacks
Flour
Flour
409,175
extent of the sales of
following return is shown the
home-grown wheat, barley and oats in
In the
the 187 principal mar¬
kets ol England and Wales during the first 45 weeks of the
season, together with the average prices realized, compared
with J50 markets in previous seasons.
During a portion of
the
ber of markets.
SALES.
1833-4.
Wheat...
qrs.
2,593,971
1881-2.
3,778.274
1,619,319
214,191
264,304
486,922
Oats....
1882-3.
2,34.3.0 >3
1,943.397
2,048,516
Barley
FOREIGN IMPORTS AT NEW YORK.
Dry goods
GenT mer’dise..
Total
Since Jan. 1.
Dry goods
1884.
1883.
1881.
1882.
$2,121,400
5,275,630
$3,349,701
8,093,508
$3,598,216
$3,709,710
8,139,049
6,630,579
$7,397,030
$11,413,209
$11,737,265
$10,390,289
$59,620,760
$74,430,391
208.97 L.947
870,344,908
190,805,815
$65,438,603
181,677,226
For Week.
Gen’l mer’dise.. "178,871,913
Total 29 weeks. $238,495,673 $283,402,338 $261,150,723 $247,116,029
In our report of the dry goods trade will be found the im¬
larger num¬ ports of dry goods for one week later.
The following, is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending July 22, 1884, and from January 1 to date: *
1SS0-1.
1882*83 collections were made from the
season
first week in January:
1,536,^82
1,675,778
EXPORTS FROM NEW YORK FOR THE
166,039
1884.
1883.
1882.
1881.
WEEK.
AVERAGE PRICES.
*
38
9
Barley
31
6
Oats
20
Wheat
.....per or.
41
21
7
HI 6
21 6
6
Converting quarters of wheat into cwts., the
whole kingdom are estimated as under.
reported..
totals for the
The following table shows the exports and imports of specie
at the port of New York for the week ending July 19,
and
since January
1883 and 1882:
1880-1.
22,307,000
1, 1884, and for the corresponding periods in
EXPORTS AND IMPORT8 OF SPECIE AT NEW YORK.
following return shows the extent of the imports of
produce into the United Kingdom during the first 45
weeks of the season, the sales of home-grown wheat the
The
average
the visible supply of
English wheat,
price of
compared with previous seasons
wheat in the United States,
:
IMPORTS.
1883-84.
Wheat
cwt. 42.380,651
Bailey
13,368.404
10,510.991
1,517,272
Oats
Peas
d
^,ii;0,0U3
u~
JjOailO.
...
........
o
....
23.581,230
12,852,437
Indian corn
Floor
1881-82.
58.149,507
51,309,011
49,903.123
14,857,323 11,978,083
10,232,225
13,284,198
1,902,03 2
9,431.025
1,832.376
19,751,58L
14,831,193
20,083,103
8,634,614
i
i
i
,
1831-82.
1882 83.
58.149,507 51,309,011 4 9.903,1 28
12,852,437 14,831,193
8,624,614 11,059,834
Imports of wheat, cwt.4 2,380,651
Imports of flour
Bales of home-grown
37,5 40,000
produce
Av’ge price of English
41s. 7d.
wheat for season.qrs.
38s. 94.
Visiblo supply of wheat
in the U. S
hush. 14,225,000
1,058,920
3,884.145
6,161
7.803
638 2^4
9,044
3,0(0
146.683
760,003
5,123
5,773
$700 $37,763,999
$20,328
11,637
15,419
$6,980,862
4,919,315
633,576
West Indies
Mexico
South America
All other countries...
Total 1884
Total 1883
Total 188 2..
43s. 3d.
10,500,000
16,400,000
700
31.689
257,768
1,497,418
31,344,587
$216,300
$6,395,184
25,000
7,158
555,886
97,924
32,146
20->,S17
$
Silver.
Great Britain
France
German
West Indies
Mexico
8outh America
All other countries..
$248,458
293,735
222,009
..
$1,063
$
46 590
496,678
1,540,290
36,87 1
38,68!
104.095
83,990
6,490
4,2 43
$7,422,311
7,654,19
6,473,977
*86,285
$2,129,373
178.776
45.636
2,110,265
48,364
j
Total 1884
Total 1883
Total 1882
90,757,023 83,269,932
46s. 7d.
$26,467,020
Germany
40,647,000 30,823,400 22,307,000
92,773,OSS 113,627,700
Total
$
Since Jan. 1.
Week.
$1,216,625
2,380,946
1,626.101
1,601,729
30,592,238
11,059,854
1880-81.
Since Jan.1.
4,352,824
^ na oao
w, L 4
including
Week.
France
Great Britain
o
#
Imports.
Exports.
Gold.
8,972,759
2,161,352
-too KCk i
Supplies available for consumption (45 weeks), not
stocks of foreign produce on September 1 :
1883-84.
1880-81.
1882-83.
o
i no
$7,105,070
165,866,483
24 0
cereal
1
$7,782,292
188,767,901
Total 29 weeks. $213,703,852 $180,93 4,335 $196,550,193 $172,971,558
30,823.400
40,647,003
3
Prev.
$7,6-26,589
173,308,246
$7,163,140
206,245,712
For the week...
32 5
1881-2.
1882-3.
1883-4.
cwt. 37,540,000
Wheat
43
46
7
32 10
2
1830-1.
s. d.
1881-2.
s.
d.
1832-3.
s.
d.
1883-4.
s.
d.
--
-
30,652
1.444.481
for the week in 1834, $14,013 were
$16,931 American silver coin. Of the
exports during the same time, $700 were American gold
coin and $1,200 American silver coin.
English Market Reports—Per Cable.
U. S. Sub-Treasury.—The following table shows the receipts
The daily closing quotations for securities, &c., at London,
and
payments at the Sub-Treasury in this city, as well as the
and for breadstuffs and provisions at Liverpool, are reportedJ
balances in the same, for each day of the past week :
by cable as follows for the week ending July 25:
•
20,625,000
Of the above imports
American gold coin and
Balances.
Bat.
London.
Silver, per oz..
d.
Consols for money
Consols for account
Fr’oh rentes (in Paris) fr
U. S. 4%s of 1891
U. 8. 4s of 1907
Canadian Pacific
Chic. MiL & St. Paul....
Erie, common stock
niinois Central
50%
10v>%
Mon.
Tuts.
5034
5034
100 <10
10030
1007,0 100%
7687% 76*7213 76-80
115113
115%
1.15%
10038
1233s
455s
743a
1H8
127 34
561*
;
Pennsylvania
Ph’ladelphiaA Reading 1314
New York Central
10618
123%
4714
7530
1410
1271s
56%
13%
106%
12350
Wed.
!00916
loO-'16
76-95
77 05,
77-45
115%
123%
115%
123%
47%
76%
14%
129%
57%
13%
103%
115%
Tuts.
Wed.
13%
126 34
Receipts.
Date.
50 %•
50%
L00%
100%
565q
12%
105%
74
Fri.
50%
100%
100%
47%
75 34
14%
127%
56%
13%
106%
46%
Thurs.
123%
47 34
79%
14%
129
57%
13 %
109%
Payments.
Mon.
'
State).100 lb.
“
Spring, No. 2, n. “
Wxnter, South, n “
Winter, West.,n
“
Cal., No. 1
“
Flour (ex.
Wheat, No. 1, wh.
Cal., No. 2
Cofn, mix., old...
Corn,'
“
s.
d.
#.
11
A
0
7
7
6
9
7
8
7
8
8
1
7
11
8
7
9
7
8
7
“
5
■«
Pork, West. mess..$ bbi 64
39
Bacon, long clear
Beef, pr. mess, new,# to 75
Lard, prime West. $ cwt 33
mix., new..
Cheese. Am. choice
16
d.
s.
d.
8.
d.
8.
d.
0
11
G
8
7
9
7
8
7
8
1
8
11
8
7
9
7
8
7
ll
8
7
9
7
8
7
0
7
9
7
8
7
0
7
6
8
0
8
0
7
11
7
6
8
8
5
64
39
75
33
49
2
0
2
0
0
0
9
0
64
39
75
37
] 49
1
7
z
5
A
64
39
75
33
0
48
6
0
6
Fri.
t.
d.
0
6
0
Thurs.
0
0
0
8
1
8
0
0
0
0
8
5
64
39
75
37
49
5
7
6
8
8
1
8
2%
0
0
0
6
0
7
6
8
8
1
8
5
3
64
39
77
37
49
0
0
0
6
6
Currency.
$
$
$
9.599,436 01
9,742,918 72
July 19. *tl7,876,959 30 *16,889,920 42 120,330,762 13
“
21.
1,364,035 85
<>o
23]
1.374,170 60
1,393,38 3 77
“
24.
X 3,914,970 70
“
25.
1,538,155 60
Total...
27,461,675 82
“
1,440,701
1,178,196
2,185,320
1,511.644
1,786,621
56 120,160,613 76
24 120,234,440 01
82 1 9,S02,766 30
74 122,243.582 59
14 122,021,375 76
9.86 >.006 83
9,504,803 49
9,647,313 16
9,438,034 45
24.992.404 92
$15,000,090 of above receipts and payments is a transfer from one
the books to another. •
•
t Includes $! .800,000 cold certificates put into cash.
*
account on
X Includes $3,000,000 gold
Bat.
L terpool.
Coin.
certificates put into cash.
Auction Sales.—The following, seldom or never
Stock Exchange, were sold at auction this week
Adrian H. Muller & Son:
Shares.
<
Union Trust Co
300
Manhattan Gas-L. Co. .297-300
National City Bank
276
U. S. Trust Co
499
Hanover National Bank.150
Mercantile Nat. Bank
113%
Great Western Ins. Co.... 50
Mercantile Ins. Co..
63
National Bk. of Republic. 113
Nat. Bk. of Commerce...147
62 Am. Exeh. Nat. Bank
123%
37 Metropolitan Nat. Bank. 58
50
118
214
100
5
112
8
20
122
25
....
sold at the
by Messrs.
Shares.
Citizens’ Nat. Bank
120
Nat. Bk. of Commerce..,. 146%
Am. Exch. Nat. Bank.... 123%
Mechanics’Nat. Bank. ...140%
National Bk. of Com’ce..l4S
13 9th National Bank
..114
6 Prov. <fc Ston’gton S3. Co. 100
200 Cen. Amer’n Transit Co..
%
Bond
150
50
45
95
100
$5,000 Kings Co., N. Y.. 6s,
Redemption Loan, due
1889
107% & int.
July 26,
91
THE CHRONICLE.
1P84.J
The IBaukers'
Ciaxelle.
reichsmarks, 943s@943^ and
and
94%@94Jg ; guilders, 39%(a 3978
40@401g.
posted rates of leading bankers are as
The
DIVIDENDS.
The
following dividends have
recently been announced :
Per
Cent.
/fame of Company.
Wh
(Days inclusive.)
Banks.
3
German American
N. Y. National Exchange—
1
Pacific (qnar.)
3^2
2^
....
Vug.
1
1
•Lug.
1
July
21
Aug.
Prime bankers’ sterling bills on
Prime commercial
Documentary commercial...
95
Miscellaneous.
2
NEW
YORK,
FRIDAY,
Aug.
Coins.—The following are
15 Aug. 2
to Aug. 15
JULY ‘23, 18S4-5 P. M.
Market and Financial Situation.—There has
been no special development of new facts this week to affect
our financial markets, but the general feeling about Wall
Street is evidently stronger. The remarkable growth of the
bank reserves and the prospect, now becoming more certain
each day, that the country will have a large surplus of products for export this fall, are the two influences which have
a more immediate effect than any others. Some of the bankers
are already talking of a probable import of gold to commence
very soon; but whether or not there is any movement of gold
in this direction within the next few months, there is little
The Money
•
doubt that such a movement
if
our economy
the best hopes
will take place later in the season,
in imports of merchandise continues, and if
of the crops, including cotton, are even ap¬
proximately realized.
The commercial situation in
trade and manufactures is net
confident tone at the Stock Ex¬
of this circumstance. But the
argument is made that general commercial prosperity depends
mainly on the agricultural outlook, and this being particularly
good, all business must gradually improve.
yet promising, and the more
changes takes place in spite
Our stock
market, which is watched from
Jxmdon
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen (reichmarks)
Insurance.
Tradesmen’s (in liquidation).
Sixty Days Demand.
July 25.
Books Closea.
-M
Payanie.
follows :
all quarters of
coins :
Sovereigns
Napoleons
$4 85
3 88
^$4 88
rft> 3 92
..
—
99hz cb
4 85
5 203s
5 18is
40
40*4
943,3
95
quotations in gold for various
X X Relchmarks. 4 74 ^ 4 78
X Guilders
3 90 ® 4 00
S >an’hDoabloons.l5 55 ®>15 65
Max. Doubloon8..35 50 Ttlb 05
F ae silver bars
1 lO^® 1 11
F lie gold bars....
partfisprem
D.ines& 1* dimes.
4 83
4 81
4 Hi
Silver *48 and i*s.
Five francs
Mexican dollars..
Do uncomiuercT.
Peruvian soles
English silver
—
99**®
921* a*
—-
—
87^1?
—
—
—
—
....
U. 8. trade dollars
U. 8. silverdollars
par.
80*2#
—
81
—
®
94^
88
87
83
4 78 It 4 85
86 ®
— 99^i ^
par.
—
par
has been no feature in gov¬
of special notice. Prices have been a shade
weaker at times, and business at the board has been dull.
The closing prices at the N. Y. Board have been as follows:
United States Bonds.—There
ernments worthy
‘
Interest July
19.
Periods.
reg.
iflS, 1'891
4^s, 1891
coup.
4s, 1907
reg.
Is, 1907
coup.
3s, option U. 8—reg.
6i, cur’ey, ’95
reg.
6 s, cur’ey, ’96—reg.
6-a, our’oy, ’97—reg.
6 j,ear’oy, ’98 — reg.
6s,our’cy. ’99.. .ree.
4
*
This is the price
Q.-Mar.
Q.-Mar.
Q.-Jan.
Q.-Jan.
Q.-Feb.
J.
J.
J.
J.
J.
&
&
&
&
&
J.
J.
J.
J.
J.
July
July
July
July
21.
22.
23.
24.
25.
1121* 1 12®b *1125e *11258 *11258 *1121*
112i* 11258 *11258 1125g *1121* *1121*
1201* 1201* *120 3a 1205q *1201* *1203s
*
L 2 014 *120^ 1201* 1201* 1205s 1201*
MOO
*1004 100i8 *100ie *10010
*100
*124
*126
*128
*130
*132
*124
*126
"128
*130
*132
*124
*126
*128
*130
*132
*124
*126
*128
*130
*132
bid at the morning board; no
State and Railroad
July
*124
*126
*128
*130
*124
*126
*128
*130
*132
*132
sale was mad 3.
Bonds.—State bonds have shown very
few transactions.
Railroad bonds are much stronger, as a
with stocks.
rule, in sympathy
the prices of
It is unnecessary to enumerate
of current various bonds, as they are all quoted on another page, but the
feeling, has continued very strong, and the highest prices yet semi-speculative bonds, such as Erie seconds, Texas & Pacific
made since the turning point on July 1, were recorded on Rios, Denver & Rio Grande consols, West Shore firsts, &c.,
several stocks this afternoon. The upward movement, it has have all been dealt in fairly, and most of the bonds of this
been predicted, would flag, and the tide turn backward; but it class show a tendency towards higher prices. There is also a
this country
and Europe as the best thermometer
re-actions the course better demand for bonds in small lots on legitimate investment
steadily upward. Confidence begets confidence; large orders, and with the present and prospective ease in money, it
profits realized by bulls or bears bring in others to the same is natural to expect that this demand will increase.
side ; nothing succeeds like success; and thus it often happens
Railroad and Miscellaneous Stocks.—The stock market
that a sharp upward or downward move in stocks is carried
closes to-day at the highest prices made since the depression of
beyond reasonable limits before it is checked.
June.
There was then room enough for re-action—even for a
Rates for call loans during the week on stock and bond col¬
large advance in prices—but after such rapid progress as has
laterals have ranged at 32 to 2 per cent, and to-day at 1 to 3 per
already been made, the question arises whether the recovery
cent.
Prime commercial paper is quoted at o%@6% per cent.
has not been sufficient for the present.
This, however, is only
The Bank of England weekly statement on Thursday showed
a query pertaining to the condition of the market, and does
a loss in specie of £19,233, and the percentage of reserve to
not imply that many stocks may not still be considered as
liabilities was 44Jg ; the discount rate remains at 2 per cent.
much below their fair value.
The Bank of France gained 3,772,000 francs in gold and 2,785,There are all sorts of mmol’s as to pools in certain stocks,
000 francs in silver.
the buying of leading operators, &c., &c., as the cause for
The New York Clearing-House banks, in their statement of
advancing prices, and most of them are either untrue or
July 19, showed an increase in surplus reserve of $4,555,275j
exaggerated. St. Paul has probably been manipulated by
the total surplus being $28,408,275, against $23,853,000 the pre¬
one or more pools since the stock was below 60; Union Pacific
vious week.
is also said to be purchased heavily for pool account, although
The following table shows the changes from the previous
in both these stocks the low prices reached invited general
week and a comparison with the two preceding years in the
buying. The St. Paul earnings from week to week are now
averages of the New York Clearing House banks.
running ahead of last year, and in addition to this the stock
will have a dividend of 3% per cent due in October, which is
1882.
1883.
Differences fr’m
1884.
now more than half accrued; Union Pacific will henceforth
Previous 1 Vcek.
July 22.
July 21.
July 19.
probably make a better comparison with net earnings.
Central Pacific directors have formally passed the August
Loans and dis. $238,603,700 Dec $1,213,100 $328,356,100 $330,162,700
f4,251.609 dividend and issued a statement of six months’ income, which
64,016,701
72,731,000 Inc. 4,119,001
Specie
15,533,401
53.200
13,160,9. >0 will be found on another page.
Circulation...
14.410,000 Dec.
The stocks of railroads in the
Net deposits..
304,738.100 luc. 5,236,iOf 326.205,100 32^.863,200
21,563,100 West and Northwest are hanging on the crop prospects, which
26,493,900
31,873,100 luc. 1.745,300
Legal tenders.
are now reported to be so fine.
The coal stocks are firmer, and
Legal reserve $76,197,025 Tnc .$1,309,025 $31,551,275 $80,715,800 there is
S3.814.700
report
of
any
of mining in August,
yet
no
stoppage
luc.
91,140,600
Reserve field.
5,364,300
101,605,300
which is* considered favorable for Reading particularly.
$8,098,9:0
$9,589,325
$23,408,275 Inc .$4,555,277
Surplus
The minor Gould stocks, such as Missouri Kansas & Texas
and Texas & Pacific have been among the active specialties
Exchange.—The rates for foreign exchange have weakened this week, and advanced sharply. The Texas & Pacific has
materially, and the supply of bills offering has been above the
p expenditures on capital account by issuing second mortgage
wants of purchasers,
It is believed that the buying of securi¬
ties for London account has had much to do with the easier
short interest has probably been reduced the past week,
rates, and the demand from importers here is also moderate,- but tn&re-is yet a good demand for borrowing certain stocks,
and to-dhy Lackawanna lent at 3-32 per diem for use, New
leaving the market without a strong support.
York Central at 1-16, Jersey Central at l-64@l-32, and other
To-day the rates on actual business were as follows, viz.: active shares usually at 4-64.
Bankers’ 60 days sterling, 4 81%@4 81%; demand, 4 83%@
The market at the cloSe to-day showed much buoyancy and
4 83%.
Cables, 4 84@4 84%. Commercial bills were 4 80. activity, and nearlwUie whole list was strong at or near the
Continental bills were: Francs, 5 21J^@5 2134 and 5 19%@518%; highest pricesrecenlly made
has not thus
far, and with very moderate
has been
'
.
Sued its plan for funding coupons in part, and raising money
THE CHRONICLE.
92
NEW YORK STOCK EXCHANGE
[Vou XXXIX.
PRICES FOR WEEK ENDING JULY 25, AND SINCE JAN. 1, 188-4.
For Full
Year 1883
Range Since Jan. 1, 1884.
Sales of
PRICES.
LOWEST
AND
HIGHEST
the Week
STOCK8.
Mouday,
July 21.
Saturday,
July 19.
Tuesday,
July 22.
Friday,
uly 25.
Thursday,
J uly 24*
Wednesday,
July 23.
(Shares).
Lowest.
J
Highest.
I
Low. High
-
RAILROADS.
Albany & Susquehanna
Boston A N. Y. Air-Lino, pref.
Burlington Ced. Rapids & No.
Canadian Paciiic
Canada Southern.'
Cedar Falls & Minnesota
Central of New Jersey
Central Pacific
Chesapeake A Ohio
Do
Do
1st pref....
2d pref
Chicago A Alton
Chicago Burlington A Quincy.
Chicago Milwaukee & St. Paul
Do
Chicago &
pref.
,
Northwestern
Do
pref.
Do
pref.
126
4434
44
31k
31k
*4*5 k 4 5 k
k
31
& Om.
Prof.
Do
Cleveland Col. Cinn. A Ind—
Cleveland A Pittsburg, guar..
Delaware Lackawanna A West.
Denver A Rio Grande
East Tennessee Va. & Ga— .
pref.
Do
Evansville & Terre Haute
....
Green Bay Winona & St. Paul
Harlem
Houston & Texas Central
Illinois Central
Do
*r leased line 4 p.c.
Indiana Bloomingt’n & West’n
Lake Erie A Western
Lake Shore
,
Long Island
Louisville A Nashville
Louisville New Albany & Chic.
Manhattan Elevated
Do
1st pref..
Do
58
37
8
58k
*1334
*834
36 k
*8
37 k
8
14 k
*14
*9
9k
115
116k
72 k 74k
105 k 107
92 k 93 k
128 k 1293a
87k
87 k
109 k 110 k
10
10
3k
4
6 34
6 34
*4
14 k
10
27 k 27 k
87 k 87 k
*30
137
137
110
112
9
9
4 k
4k
*6 34
7
27 k
27
37 k
8k
129 k 129 k
115
115k
72 k 73 k
106
10634
92
92 k
129
129
110
110
*7
8
19
19
128
128
*4
5k
45 k
31k
*18" *24*
124 k
124
*80
13
10
74 k
28 k
54 k
*87
13
10
76
5k
59 k
36
30
8
14
*7k
Michigan Central
Milwaukee L. Sh. & Western.
pref.
Minneapolis & St. Louis
pref.
Missouri Kansas A Texas
Do
*47
40 l4
32
32 k
32
GO
62
37 k 38
*8
8k
*14
15
*9
10
129
129
116
II734
k
14
*8
934
129 k 129 k
.
115k 116 k
71k 73k
IO534 10534
91k 92 k
40 34
35 k
46k
47
34
34a4
*7 k
18
27
87
73k
110k
113 k
10
4
7
8?34
35
4
*634
*4
11734 118 k
111k 113 k
87 k
9k
4
7
4
7
10k
4 k
7
*4
5k
62 34
38k
8k
*14
8
*8k 1L
130 k 130 k
9
19
28 k
90
38
*33
04
40 k
14V 14 k
7k
19k
28 k
89k
35 k
7 k
19
27 k
8
18
27
109 k 112
9k
9k
02
38 k
8
4,000
3,450
m#
*9
66
5,483
3934
22,245
8 k
210
400
15
10
130 k 130k
118
118k
325
10,007
78
7934 406,547
70k
107
107
107
10734
107a4
2,650
95
90a4
9534 97341 138,874
95 k
129 k 180 k
129 k 129 k 130
2,367
113 k H4k 113k 3187b
114
11,453
100k
92 k
110k
'
75 k
129
i*0934
*1*9** "25"
"*"26" *24*
123 k
123 k 123 k
82
82
13
13
124
13k
13k
74 k
*67
28 k
75 k
2934
55
*87
54 k
89
*55
13
68k
28 k
*55
89
7334
*07
2734
*53
*87
*55 k
5k
*76
59
24
124
70 k
*9
9
11
20 k
200
1934
28k
19k
28 k
90 k
38
90
29 k
92
30 34
30 34
800
100
H33a 116
10
Ilk
4k
4k
121,210
11434
10k
4k
7
*4’ k
*80
59
59
k
24
125
24 k
7
7k
*4
5k
24 k
125k120
82 k
13k
10k
10k
75
08 k
13k
12k
77 k
07k
31k
75
07 k
29 34
15
55
28
55
15
55
89
*87
89
'
13
27 k
Metropolitan Elevated
k
31k
68k
10k
Manhattan Beach Co.:...
Memphis & Charleston
45
2,439
5.005
6,157
-
-
5.850
2,510
1.850
"
common.
Do
31
*
.....
Chicago Rock Island & Pacific 109k HO3*,
8
*7k
Chicago St. Louis & Pittsburg
*17
20
Chicago St. Paul Minn.
27 k
60
82 k
14k
12 k
80 k
13k
12
77
12
1434
18k
79 k
81
4,712
230
3,380
2,925
102,350
200
31
32 k
29
*32 k
30,045
303
000
*87
89
*55k
*55 k
13
28
*75
02
125
81
14 k
400
30
128 k
82
13
28
85
23
62 k
04-
*87
89
*5d k
......
13k
28
28
04 34
66
1 8 k
29 k
200
1,000
06
1,580
-
*1234
1336
13k
26 k
15
27 k
27
15k
1434
_.
27
15
98k
27
14
k
14k
14
14
2734
10k
9734
27 k
10 k
90 k
14k
27 k
19k
99 k
14
14
27 k
27
17
18k
98
99 k
10
10 k
*122
1 25
43
40
100 k 110
„
1,520
1,570
45,501
55, 50
400
500
5.3U0
59,480
1,500
500
.
040
21.GGt
2,075
-
*23
18 k
45 k
pref
Do
Northern Pacific
pref
Do
25
17 k
44 k
18k
40
18k
45 k
25
20
17k
1734!
18k
44k
45 k1
45k
Jdiy
21
.’—
Oregon Short Line
Oregon A Trans-Continental..
Peoria DecatnrA Evansville..
Philadelphia <fc Reading
Pittsburg Ft. Wayne A Chic..
Rich.<v Allegh., st’k trust ctf’s.
Richmond A Danville
Richmond A West P’t Term’l.
Rochester A Pittsburg
j
Rome Watertown A Ogdensb.
St. Louis Alton A Terre Haute1
8
9k
21
8k
834
9
19
47 k
Ik!
Ik
1?8
Ohio Central
Ohio A Mississippi
Ohio Southern
k'
8k
*12
12 k
25 k 2G;V
130
130
12
25 k
9k
12 k
25a4
8 k!
20
9
•
20 k
9
9 j
9
10
14 i
14
1434
25 k
20k 27 k
122 k 120 k! 129 k 129 k
8k
12 **
2d k
1st pref.
Do
St. Paul A Duluth
1434
3k
3k
3k
1434
3 6s
34
16
3k
2 k
23 k
14
*25
‘77
14 k
10
*13
*25 k
*77
15
33
88
89 k
87
87 k
South Carolina
;
Texas A Paciiic
1
i
Dnio i Pacific
Wabash St. Louis A Pacific...
9k
34 k
9k
35 kl
8 >k
34 k
9 k!
30 k!
0 k!
14
pref.
MISCELLANEOUS.
American Tel. A Cable Co
Bankers’ A Merchants’ Tel....
Colorado Coal A Iron
Delaware & Hudson Canal....
Mutual Union Telegraph
New York & Texas Land Co..
Oregon Improvement Co
Oregon Railway A Nav. Co
Pacific Mail
Pullman Palace Car Co
Quicksilver Mining
Do
pref
Western Union Telegraph
EXPRESS.
Adams.
American
United States
Wells, Fargo A Co
14
03*
14 *
51
51
*9
10k
9334
9534
Ok
(j
*i334
34
10
3
23 k
48 k
lk
lk
19
47 k
19 k
2
20 k
"8k "8k
10
14
10
20 k
27 k
10
20
20
49
2
20 a4
1,100
150
420
7,057
48,365
925
1,200
530
k
14k
9k
14
20 34
Ilk
I4a4
22,580
27 k
21,020
5,050
190
'35
35 k
10 k
2 k
22
25
10 k
lk
*20
25
24
33
"87’* ‘ 87 k1
8k
34 k
5a4
13k
9
35 k
|
Okj
13k!
*14
24
si
3 L
*13
*28
*70
85
*79
35
18
*9
95 k
40k 47
104 k 105
*3
5
*21
55
*50
*21^
54 <6 "5 5 k
5lk
6
55k
10k
12
38 'a
Ok
1
14 k
ilJ
Ok
14a4
42 k
Ok
I4a4
MVJ
10
10
72 k 73
44 k 45 k
106 k
105
*4
*21
55
* 89 k *91*
4,628
10,595
304,5 Lb
.
4,410
1,455
52
56 k
10 k
1L
98 k
12 k
99
......
73
45k
V,
.
.
•
.
_
.
5834
010
49
100
805
25
-
13
13
75 k 70
45 k 40 k
107 k 108
*1
0
*2 l k
57 k 00
*127
131
*91
*53
*100
95
50
5,202
1,125
1,570
24,340
3,485
124,601
105
34
145
60
50
INACTIVE STOCKS.
Atchison Topeka A Santa Fe..
145
Chicago A Alton, pref
145
150
Columbia & Greenville, pref...
Columbus Chic. A Ind. Cent..
Danbury A N orwalk
Dubuque <fc Sioux City
Joliet & Chicago
lk
50
50
50
GO
60
50
50
00
50
00
65
65
Keokuk A Des Moines
Ohio A Mississippi, pref
Rensselaer A Saratoga
1142
TOO !1
110 !
173 '
33
1
50
56
137
5
45
Maryland Coal
Pennsylvania Coal
*220
220
*220
'220
Spring Mountain Coal
the prices bid and asked
:
no
sale was mile at the Board.
t Lower price is ex-dividend
2 i 102
May 17
Jan. 10
Feb. 9
J an.
7
Jan. 28
Mar. 17
Jan.
7
Feb. 11
Feb. 5
Feb. 10
j 8034
June 13 j 152
Feb. 11! 33
Fob. 14!
2
Jan. 21| 50
July 17! 82
Apr. 12 145
J uly 71
5
May 15! 90
18'l46k
May
127
78
135
8434
75
86
48 k 65 k
47 k 71 34
10
17k
08 k
90
61
88
13
2334
23
35 k
14 34
27
128
137 k
115 k 199 k
9134 108k
122 k
115k 140k
115
134
157
116 k 127 k
10 k
22
33
57 34
30
55
91
113 k
54
84
124 k 142
111k 131k
21k 51k
4k
ilk
Hk 23
45
5
190
50
124
77
75
10k
200
82 k
148
84 k
35 k
33 k
114 k
86 3t
17 k
13 k
9234
68
40 k
30
38
80
38
12k
58k
08
53 k
90
,
53
303a
55
32
76
77
10
35
95k
100 k
18
1634
48k
30 34
68 k
33
34 k
19 k
86
100 k
19k
10
129 k
64 k
50 k
111k 129 k
7
15k
120
1334 35
105
90
89 k
83 34
26 k 40 k
83
72
17k 62 k
183
169
16 k
99 k
•"
4k
14
10
32
23 k
8k
2134
18
4934
53 k
4934
90k
21
7
19
29 k
36 34
4
15k
72-
14k
1434
32
89
28
12
61 k
46 k
129 k 138
47
21
14
15
39
23
34
35
80
85
103
20 k
30k
59 k
40
87
100k
33
40 k
90
94
109 k
9734
22 k
97 k
17k1 43
70V10434
15
36 k
29k
57k
57
69k
118k 140k
39 k
14
102k 112 k
25
125
15
55
9ik
50
150
90
4434
28
112 k 134
9k
5
30
71»4
46k
88k
Apr. 24 126k 135
88
! 94k
Mar. 26
61k Feb.
May 26 115
J uue 23
Feb.11
7
55
k| 05k
Feb. 13, 113
Jan.
Feb.
Feb.
Jan.
Jan.
Mar.
Mar.
J uly
Jan.
7
16
11
17
21
10
4
7
9
128
78 k 84 34
150
140
68 k
31
7k
lk
70k
50
92
77
138
138
*9*6*
112 k
Apr. 18 139 k 145k
8 193 k Mar. 21
1 122 k Mar. 29
June 9
15
Feb. 21
7 k Apr. 14
10k Jan. 31
264
Feb. 19 264
Feb. 19
2
29 k Jan.
51
Apr. 30
121
9
New Central Coal
\ 62
une
June
192k Jan.
Warren
are
i 45
j 98
July 15 137
J
138
United Companies of N. J
These
126
87
j
1 k
May 16 61k Jan. 8
July 23 12734 Apr. 16
Mar. 17
June 27
7
17k
88 k May 23 114
10
May 16 17 k
122 k J aii. 7 170
•8 34 J une 28 65 k
60 34 June 26 112
31
May 16 5634
90
May 24 1.17
334 June 30
6k
20
June20 32 k
49
May 14 78k
100
75
46 k
100 k 108
x4
0
*21
50k
11
12
99 k 101
12 *4
'127 k 130
127
131
*127 k 180
95
93 k 93 k
92
94 k *92
55
54 k 54 k *53
*52k 55
104
104
103 k 103 k '100
105
130
130
91
91
54 k 54 k
*100
104
38
81
10 V
39 k
90
43k 44k
k 103 k
32 34
X84
f
9k
37 k
95 k
103
'3
*21
411
200
210
300
10
Okj
38
j
Ok!
Ilk
98 k
9k
71k
25 k
-73
25
8k
35 ‘a
0
13 k
25
9
x71 k
24
73
*13
89k
ilk
1134
1,100
5,634
»9 k
25
73 k
40 k
t45
103k 104
*3
5
33
_
2
18
2k
* 89 "I
1L
73 k
73
18
*4*60
35
87 k
52
1134
73
-13
*25 k
*75
pref
St. Paul Minncap. A Manitoba/
-
1)
18 k
47
....
Do
Do
*5
25
852
87
*
Do
pref.
St. Louis A San Francisco
Do
pref.
3 135
.
13 k
27 k
15k
13 k
27
97
9434
99
Missouri Pacific
*9
10
*9
10
9k
9*2
Mobile A Ohio...
*122
125
*122
123
124 k 123 k 123 k 123
123
123
Morris & Essex
42
42
42
42
42
42
38 k 42
'41:J8 43 k
Nashville Chattanooga A St.L.
102104
10238 103 k 102 34 105 k 103a4 10 Ok: 105 34 l()7k
New York Central & Hudson.
0
0
0
0k
k
0k
*•5
Ok
Ok
Ok
6 a4
6a4
Ok
New York Chic. A St. Louis ..
*10k Ilk
10 k 11
Ilk Ilk
10k 10*8 *10k 10 k
Do
pref. *10 k
*105 .130
*105
130
*110
*105
130
130
T05
130
*105
130
New York Elevated
87 k 87 k *80
87
88
88
87
*80k 88
New York Lack. A Western..
14 k 14 k
14 k
13 k 133*
133s 13k
13'k 14k
Ink
13k 1378
New York Lake Erie A West’n
30 k 30 k
30
30 a4
30 34 30‘‘4
33 k 33 k
29 k 32
31k 33 a4
Do
pref.
13
13
Ilk 12 k!
New York <feNew England....
170 k 177 k1
170
170
New York New Haven & Hart.
10 k 10 7e
11
10 k 10 k
1 0 78 10 k
Ilk Ilk
10k 10k1 11
New York Ontario A Western.
*4
5
4k
*4
5
4 k
*4
*3
5
4k
4 k1
4k!
New YorkSusq. A Western...
*9
10
*9
*9
10
10
*8
10
10
*8
*8k 10 |
Do
prof.
Norfolk & Western
Jan. 30
June24
50
June 28: 80
Jan. 10
39
June 27
58 k Jan. 18
2434 June27 57k Feb. 11
8
May 22 12 Jan. 18
49
May 24 90 Jan. 11
30
,luuo 30
67 34 Jan. 10
0
June 27
15
Jail.
2
9 k June 20
Feb. 11
28
7
Jan.
7
May 26! 17
118
June 23 j 140 k Feb. 5
107
June 27! 127 34 Feb.16
58kJune271 94k Jan. 3
95 k June 27 119
v eb. 16
Feb. 12
81k Juno23|l24
117
June 23:149 k Feb. 12
100 k June 23 il2034 Feb. 11
6„34 June26! 13k Jan. 5
18
Jan. 11
July 22- 35
21k Jude 26 34 k Jan. 3
8034June27 96 k Feb. 11
28
June 27
69 k Mar. 14
125 k June 24 141
Apr. 1
90 k May 26 133 k Mar. 1
6 k June23
Jan.
25 k
3
8 k Feb. 15
3k May 14
6
J une12
14k Feb. 15
37
May 2 51 Jan. 7
4
May 8
8k Feb. 8
185
Mar. 18
July 11 200
20
June26 51
4
J an.
110 .1 une 231140
Feb. 13
70
Mar. 0
July 8, 86
9
June2l! 20k Jan. 5
6 k Juno 271 19 34 Jan.
7
67 k June 27 104 34 Mar. 4
62
May 24 78 k Mar. 15
22 k June 24 51k Mar. 4
12
June27 35
J an.
4
40
Jan. 22
5934 June 7
82
Jan. 21
93 k Apr. 7
42
Jan. 23
59k Mar. 17
12k July 16 24 Mar. 18
23
June 27, 40
Jan. 11
85
June30 105
Apr. 15
5134 June 27 94 k Mar. 4
10
Feb. 11
16
Jan.
7
32a4 May 26 44 Apr. 10
7 k June 23 18k J an.
7
17
orune21
36 k Feb. 11
9 k June 27 23 k Jan.
5
63 k May 20 100
June21
24
Mar.
Ok June20 1334
HO
Jan. 29
June 27 127
30
June20 58
Mar. 14
94 k June 27 122
Mar. 13
5
j uly
1 10k Feb. 15
9
May 14 20 34 Feb. 14
115
June 24 130
June 13
83
June20 94 k Apr. 12
Ilk June 27 28 k J an. 5
20
Mar. 3
June27 71
8
J une 24
17 k Apr. 4
175
July 7 184
May 1
7
June27 16k J an. 7
3
0
Feb. 28
July 12
10
May 17 18 k Feb. 16
10
Jan. 29
11
Feb. 25
22 k July 9 42
Feb. 15
14
June27 27
Jan.
7
37kJuue27 57 k Jan. 7
1
June 18
3k Jan. 7
14»8 May 14 25k Mar. 17
5
June 12
9
Mar. 19
13
Junel9 24
Mar. 22
6 k J une 26 34 k Jan.
7
7
June20 17
Feb. 4
22
June 2 60 k Feb. 23
120
June 30 135
Apr. 14
2 k May 24
5
Jan. 11
32
J uly 3
61
Feb. 14
12
June 26 32
Feb. 15
-1 k J uly 24
16k Feb. 4
24
Mar. 21
1934 Jan. 7
18
June27
50 - Mar. 17
70
July 3 96 Feb. 5
11 kJune20
Mar. 18
27
24 k J une 30
50
Mar. 38
70
May 15 96 k Apr. 10
15
Juiie 30 32 34 Jan .9
! 65 July 11 90 Jan. 20
| 78k June 27 99 Jan. 7
I 10
May 24 11
May 24
ok J une 27 22 k Feb. 11
28
J uue 30 84 k Feb. 10
4
June 27
1934 Jau. 7
9
May 20 32 Jan. 5
July
80k Mar. 27 i 84
187k 197
118
118
17
10
14
9
280 34
260
29 k 30J1
JULY 26, ]
THE CHRONICLE.
884.]
95
QUOTATIONS OF STATE AND RAILROAD BONDS. JULY 25, 1884.
STATE
-
i
Ask.!
Bid.
SECURITIES.
9
9
9
Funding, 1894-95
Hannibal A St. Jo., ’86.
New York—6s, reg., 1887
9
•
2V
102
Georgia—6s, 1886
102 V 104
109
111
7s. 1886
;....
7s, gold, 1890
Ask.
(Stock Exchange Prices.)
67
i
Bid.
Consol. 4s, 1910
6s, 1919
Ohio—6s, 1886
N.O
6s, new series, 1914
C’mp’mise,3-4-5-6s, 1912
Virginia—6s, old
6s, new, 1866
6s, cousol. bonds
6s, ex-matured coupon.
6s, consol., 2d series
6s, deferred
....
83
104 V
South Carolina-
63, Act Mar. 23, 1869?
non-fundable, 1888. )
Brown consol’n 6s, 1893
1
105
41
40
'
38*4
...
38
3S\
424
,
35
35
.
45
34
40
4
w
_in_
8
107
107
107
3-65s, 1924
Registered
Funding 5s, 1899
!
SECURITIES.
Ask.
Bid.
7s.f
,
,-r
i 88
Cent.—1 st, 7s, 1911. i *40
2d, Oh, 1899..
Mex.
Tlo
Bid.
-SECURITIES.
Penn. RR.—Continued— j
P.F i. W .it C.-2d, 7s, 1912
Metropolit’nEl.—1st,1908*101 Vjl02
H22
Acfcc
BONDS.
Ask.' ’
!
Bid.
Distinct of Columbia—
103
Tennessee—6s, old,1892-8
6s. new, 1892-8-1900
Marietta A Cin.—1st,
Ronds. 7s, 1900..:....!
7s of 1871,1901
1st, consol., guar., 7s. J
i! N.Y. Lack.* W.—1st, Os •114
Construction, 5s, 1923
Del.A Hud. Canal —1st, 7s 114
111
1st. ext., 7s, 1891
;
SECURITIES.
Tennessee—Continued—
Wil.C.ARu.R.
Do
Ask.
18
2
2
80
Special tax. all classes..
Del. L. A W.—Confin'd—
,
Bid.
N. Carolinar—ContinuedNew bonds, J.AJ., ’92-8
102 V
106
110
108
116
108
109
112
115
117
29
9
SECURITIES.
j
Railroad Bonds,
SECURITIES.
RAILROAD
I Bid.
SECURITIES.
Gs, loan, 1891...T.
6s, loan' 1892
6s, loan, 1893
N. Carolina—6s, old, J. A J.
|
Fnnding act, 1866-1868
5
Ask.
Bid.
SECURITIES.
80 V' Lantsiana—cons.,1914
79
98
102
Ex-matured coupon
78V
Missouri—6s, 1886
100
6a, due 1889 or 1890....
!
7 V 12V
A8yl’m or Uni v.. due ’92
Alabama—Class A, 1906.
Class B, 5s, 1906
...
Class C, 4s, 1906
6s, 10-20s, 1900
Arkansas—6s, funded—
7s, L. Rock & Ft. S. iss.
7s, Memp.A L.Rock RR
7p, L. R.P.B. AN.O.RR
7s, Miss. O. A R. R. RR.
7s, Arkansas Cent. RR.
BONDS.
134
3d, 7s, 1912
...
Clov.A Pitts.—Cons.s.fd.
;
*21
Ask.
(
j
130
:
Midi.Cent.—Cons.7s, 1902 *123*2!
4th.s.fd.,6s,1892
108 !
Consol. 5s, 1902
i 102 jl02i
St.L.V.AT.H.—1st,g.,7s
6s, 1909
;
2d, 7s, 1898
-i
Alleg’y Cent.—1st. 6s, 1922
...i
997g
2d, guar., 7s, 1898
Atch.T.A S.Fe—4*a8,1920;
Coupon, 5s, 1931
*
;109
116
...il00*4
Pitts.B.
A
Registered, 5s, 1931
B.—1st, 6s, 1911 *70 j 82V
Sinking fund, 6s, 1911..
*
Coupon, 7s, 1894
,
115
Rome
W.A
Atl. A Pac.—1st, 6s, 1910. *
iS
Registered, 7s, 1894
I
; Jack.Lan.ASag.—Os,’91.
Og—1st,7s,*91 *107 |
131
Milw. A No.—1st, 6s, 1910
Balt.& O.—1 st, 6s, Prk.Br.
1st, Pa.Div., cp.,7s, 1917i 125
Con., 1st, ext., 5s, 1922.
08V 69
130
Roch.it Pitt.—1st, 6s. 1921 1«6
Boat. Hartf. & E.—1st, 7s
*8
18
1st, Pa- Div., reg., 1917.
1st, 6s, 1884-1913
i
100
Alb
lb. A
“
- ‘ 7s
85
‘ Susq.—1st,
“ ..>110 j
Guaranteed
Consol., 1st, 6s, 1922
;
#6
; iMil.L.S.AW.—1st, 6s, 10211
51
101V
2d, 7s. 1885
Bur.C.Rap.ANo.—1st, 5s
I
'
IMinn.A St.L.—lst,7s,1927; 116
Rich.&Alleg.—1st,78,1920 v49
114
93
lst.cons., guar.7s,1906; 124
Ext.—1st, 7s, 1909
i<w»o
127 1 Iowa -o.-*
Minn.ASt.L.—lst,7s,gu.
—
j iRich.it Danv.—ConsMg.,6s
94
la. City,A West.—1st, 7s
2d, 7s, 1S91
Registered
;
j Debenture 6s, 1927
*19
92
34
S’thw.Ext.—1st.
Atl.it
7s,1910
C.Rap. I. F.A N.—1st, 6s
1st, cons., gu., 6s, 1906i
Gh.-lst.pf.,7s, ’97 *100
1st, 5s, 1921
:
| Pac. Ext.—1st, 68,1921.:
Registered
100 V
I
Incomes, 1900
j *70 ;
67
Buff. N.Y. & Phil.—1st, Os *50
Kens. A Sar —1st, cp.,7s'
Scioto Val.—1st, cons., 7s.
i 70
IMo.K.&T.—Gen’l,6s,1920,
!
St.
L. <t Iron Mt.—1st, 7s *112 V 113
General, 6s, 1924
!
;
General,
5s.
1920
1
55
!
...
-0v. v1!
1st, reg., 7s, 1921
\
1 no
ias
Can. So.—1st, int. guar. 5s
96 V 9b34 Denv.A Rio Gr.—1st, 1900; 92V 95 | Cons. 7s, 1904-5-6
! 104 V 105 !i 2d. 7s, 1897
102 105
50
51
i
106
Cons. 2d, income, 1911..i
Arkansas Br’ch—1st, 7s 103
2d, 5s, 1913
I "78
55 j
|j 1st, consol., 78,1910
|
74
!
H. A Cent, Mo.—1st, ’90
103 V
Cairo it Fulton—1st, 7s 103
1
Reg., 5s, 1913
|
IjDon.So.Pk.A Pac.—1st, 7s: 65
100
40
3 -i
Den.A RioG.West.-lst,6s!
Mobile & Ohio—New 68..! 104a* 105 V !
Cairo Ark. A T.—1st, 7s! 102
Central Iowar-lst, 7s. ’99 x9a
I
East. Div.—1st, 6s, 1912 *67
Collater’l
i. Gen’lr’y Al.gr., 5s,1931; *63
trust, 6s, 1892 -;—;
iDet.Mack.AMarq.—1 st.Os:
111. Div.—1st, 6s, 1 912
i! Land grant, 3 Vs, 8. A... i
St.L.Alton A T.H.—lst,7si HO
1
1st, Extension, 6s,1927i
213
114
I
W
Char. Col. A Aug.—1st, 7s
E.T.Va.itGa.—1st,7s,1900,!
i 2d, pref., 7s, 1894
Morgan’s La.& T.—1st, 6s;
\
55 34 56
1 st, cons., os, 1930
Ches.A O.—Pur.moneyfd.l
iNash.Chat.it St.L.—1st,7s1
116V | 2d, income, 7s, 1894 ....! 99
j
112
il Divisional 5s, 1930
I 2d, 6s, 1901
6s, gold, series A, 1908 J
!
;
1 *91
|
Bellev.it So. Ill.—1st, 8s *H« |122
N. Y. Central—6s, 1887...: 103
6s, gold, series B, 1908 .; 90
:
St.P.Minn.A Man.—1st,7s 108 1108V
iEliz.C.AN.—S.f.,deb.,c.,6s1
36
Deb. certs., oxt’d 5s
6s, currency, 1918
i 104
1st, 6s, 1920
1
2d, Gs, 1909
108
!
87 V' i N.Y.C.A H.—1st, cp., 7s 128 '
Mortgage 6s, 1911
*
j 98 ! Eliz.Lex.A Rig Sandv—6s *85
Dakota Ext.-6s. 1910..!
'109
,
122
127
|;
Ches.O.AS.W.—M. 5-Gs... |
Erie—1st, extended, 7s...
1st, reg., 1903
,
j
*128
1st, cousol., 6s, 1933....j 99V 100
i
! i
mov
i! Hnd.Riv.-7s.2d. s.f.. ’85 *10234
1st. cons., Os, reg., 1933.;
Chicago & Alton—1st, 7s. j*114 i
2d, extended, 5s, 1919
;
.
"101
v!
I
Min’s
Sinking fund, 6s, 1903..; 117
118 ■| 3d, extended, 4 Vs, 1923
Un.—1st, 6s, 1922i
La. & Mo. Riv.—1st, 78-i*H7V
St, P. & Dul.—1st, 5s, 1931 i
4tb, extended, 5s, 1920.. 106
So. Car. R’y—1st, Gs, 1920 101V....
2d, 7s, 1900
f*
!ll2>2 5th, 7s, 1888
1*104
! .N.Y.P.A O.—Pr.l’n, 6s, ’95
St. L. Jack. & Chic— 1st' 116 V
1st, cons., gold, 7s, 1920 *118
2d, 6s, 1931
115 ; N.Y.C.A N.—Gen.,6s,1910
105
! Slienand’hV.—1 st,7s,1909
Ala. Central—1st, Gs. 1918
,
-
..
Miss.R.Br’ge—1st,s.f.Os!
-
!
,
!•
;
’
......
,
1
-i oo-»
!«"
'
..
i
Trust Co.
receipts
Buff.N.Y.AE.—1st, 1916*117
N.Y.L.E.AW.-New2d6 *5434
il
ji
•
iiN.Y.&.N.EngTd—1st, 7s 101
-
94
*
1st, Gs, 1905
!l
General, 6s, 1921
Tex.Ceh.—1st, s.f., 7s,1909
lstmort., 7s, 1911
Tol. Del. & Burl.—Main,6s
; 1st, Da.vt. Div., 6s, 1910
V
1st, Tei-’l trust, 6s, 1910
99
99
O.B.«feQ.—Consol.78,1903! 123 V 124 V i
55%' |N.Y.C.ASt.L.~lst,6s,1921 99
6s, sinking fund, 1901..
j
;i - Collat’l trust,6s,1922. j
»
!j 2d. 69, 1923
aO
40
6s, debentures, 1913....! 91 V' 92 Vi
Buff.it S.W.—M.,63,1908: *
j 95 j N.Y.W.Sh.A Buff.—Cp.,5s
40
la. Div.—S. fd., 6s, 1919 *160
; ;Ev. & T. II.—1st, cons., Os
93
■
1
Registered, 5s, 1931
jTex.it N. O.—1st, 7s, 19051
80
75
f
80
Sabine Div.—lst.Gs,1912!
Mt.Vem’n—1st,6s, 1923
—--!! N.Y.Susq. AWest.—1st,Gs 77
Sinking fund, 4s, 1919 88 (
88
50 V 52
Denver Div.—4s, 1922..!
: 88V. Fl’t&P.Marq—M.6s,1920j 113
:
|j Debenture, 6s, 1897
1
jVa.Mid.—M.inc.,6s. 1927
*40
Plain 4s, 1921
V 42
Gal. Har.it S. Ant.—1st, 6s*
1
'107 i Midland of N.J.—1st, 6s .85
; Wab.St.L.APac.—Gen’lGs
C.R.I.A P.—6s, cp., 1917.! 122
Chic. Div.—os, 1910
2d, 7s, 1905
jl 12 | N.Y.N.H.itH.—1st,rg.,4s *101 105
92
*82'
sT
Mex. & Pac.—1st, 5s...
! 122
6s, reg., 1917
(NevadaCentral—1st, 6s..j
'
h Hav. Div.—6s, 1910
j1
80
Keok. A Des M.-lst, 5s1 102
85
....
2d, 6s. 1931
Tol.P.itW.—1st, 78,1917
N.Pac.—G.l.gr.,lst,cp.,6s ------- 102
Central of N. J.—1st, 1890 *H3 V 115
72
Iowa Div.—6s, 1921
Gr’nBayW.itSt.P.—1st,6s *75 j 80 j
Registered, 6s, 1921
*
101V
106 VI08
!
1 N.O. Pac.—1st, 6s,
Gulf Col.it 8. Fe—7 s, 1909 107
9, g.,1920
g., 1920
Istconsol.assented.lSOO, 1105
j; oz
52 j j ind’polis Div.—6s, 1921
Conv., assented, 7 s, 1902
2d, 6s. 1923
Norf.itW.—Gen’l, 6s, 1931 x100 :
;
,
j Detroit Div.—6s, 1921..
Ilann. & St. Jos.—8s,conv. 104
! New River—1st, 6s, 1932 ;
! 75
Adjustment, 7s, 1903...
i(8 h Cairo I)iv.—5s, 1931
HO V
Conv. debent; 6s, 1908..
Consol. 6s, 1911
j |No.Railway (Cal.)—1st, Gs *104 V
! Wabash—Mort. 7s, 1909
Houston & Texas Cent.—
Tol. & W.—1st, ext., 7s 100
Leh.&W.B.—Con.g’d,as.
6
Ohio& Miss.—Consol, s.fd. *11514
104" 1
|
Consolidated 7s, 1898...1
Am.D’kitlmp.—5s, 1921
1st, M. L., 7s
,11534
1st, St. L. Div., 7s, ’89
102
V
Chic. Mil. A St. Paul—
2d consolidated 7s, 1911!
2d. ext,. 7s, 1893
'
1st, Western Div., 7s
106
(I
;
1st, 8s, P, D
1st, Springfield Div., 7s
1st, Waco & No., 7s..
Equipm’tbds, 7s, ’83.
118
2d, 7 3-10, P.I)., 1898...
;
' Ohio Central—1st, 68,1920 *45
2d, consol., maine line,8s
j 50
Consol, conv., 7s, 1907
1st, 7s, $ g.. R.I)., 1902.
2d, Waco & No., 8s,1915 *
j 1st, Term’l Tr., 6s, 1920 *50 j
Gt.West’n—IsL 7s,’88
t
1st, LaC. Div., 7s, 1893.
General, 6s, 1921
98V; 1st, Min’l Div., 6s. 1921
2d, 7s, 1893
1
1
99 j Ohio
75 !
•
Q.& Tol.—1st,
1st, I. A M., 7s, 1897
OhioSo.—1st.
Tol.—let. 7s.
Houst. E. & W.Tex.—1 st, 7s
So.—1st, 6S.1921
Q.A
6s,19‘21
7s, 1890
1890
Han. A N aples—1 st, 7s
1st, I. AD., 78,1899....!
2d, 6s, 1913
j Oreg’n& Cal.—1st,6s,1921
‘
i Or.&Transc’l—6s.’82-1922
65
Illinois Central—
1st, C. AM.,7s, 1903...
Ill.A So.Ia.—lst,ex.,Gs
j 69V
56
I 57 V :
Consol. 7s, 1905
1 111
St.L.K.C.AN.—R.e.,7s
Oregon Imp. Co.—1st, 6s.!
Springfield Div.—Cp. 6s. *110
2d. 7s, 1884
Middle Div.—Reg., 5s... 100
Omaha Div.—1st, 7s
jOreg’n RR.it Nav.—lst.Gs1 104 V 105 -,i
Clar’da Br.—6s, 1919
C.St.L.it N.O.—Ten.l.,7s
1st, 7s, I.& D.Ext., 1908 *H4
Panama—S.f., sub.Gs, 1910;
St.C’has. llgo.—1 st, 6s! *
1st, S.W. Div.. 6s, 1909. *106
H9
93 j 98
1st, consol., 7s, 1897
Peoria Dec. it Ev.—1st, 6s
No.
1st, 5s, LaC.it Dav., 1919
92
Missouri—1st, 7s. j 108
2d, 6s, 1907
!
97
i Evans,Div.—1 st,6s,1920 *
lst,8.Minn.Div.,6s,1910 106 107
Gold, 5s, 1951
i*104V.106
Peoriait Pok.U’n—1st, 6sj
(194
WostUn.Tel.—1900,coup.! 110
111
Dub. it S. C.—2d Div., 7s,
1st, H. A D.. 7s, 1910...
Railroads—
1900,
j
Pacific
reg
I ‘110
*
120 !
Chic. <t Pac.Div.,6s,1910 108
103
!
Ced. F. it Minn.—1st, 7s
N.W. Telegraph—7s. 1904,
Central Pac.—G., 6s.
70
San Joaquin Br.—6s.. 104V 105
Ind. Bl.&W.—1st pref., 7s
: Mut.Un.Tel.-S.fd,6s,19llj
I 67
lst.Chic.A P. W.,-5s,1921 i 93
90
80
Min’lPt. Div., 5s, 1910. j
Cal A
~
‘ ' 6s
'
“ Oregon—1st,
I; 1st, 4-5-Gs, 1909
1!Spring Val. W.W.—1st,6s
Tlx
+UQ
92
i_01
53
0
1
C.& L.Sup.Div., 5s, 1921;
11 2d, 4-5-Gs, 1909
Land grant bonds, 6s J *99
78*
90V
Wis. A Min.Div..5s, 19211
West. Pac.—Bonds, 6s *104 V
jj Eastern Div., 6s, 1921..
Chic. & Northwest.—
Indian ap. D.it 8pr.—1st,7s 100
So. Pac. of Cal.
lst.Gs loo V
!
INCOME BONDS.
t
106
Sink, fund, 7s, 1885
So.Pac.of
!
2d, os, 1911
>105
Ariz’a—1st, 6s
93 V
I
Consol, bonds, 7s, 1915.1
108
: (Interest
flntr&Gt.No.—1 st. 6s, gold
So.Pac.of N.Mex.-lst.Os' 94 34
pa],-ih1e if earned.)*
75
110 ;i
Extension bonds, 7s, ’85:
:
Union Pacific—1st, 6s
109
Coupon, Gs, 1909
106
110
lst>, 7s. 1885
Land grants, 7s, ’87*89
: TC ent’ky Cent.—M.Gs, 1911
j *105
Alleg’nvCent.—Inc., 1912
14
Atl. A Pac.—Inc., 1910...
144
Coupon, gold, 7s, 1902..,*123 123V Lake Shore—
Sinking funds, 8s, ’93.! 106
102
M. S. AN. I., s. f„ 7s...
Central of N. J.—1908
Reglst’d, gold, 7s, 1902.(*121
Reg., 8s, 1893
:
‘*100
102
Cleve. A Tol.—Sink’gfd.
V 102 V
Collateral Trust, Gs...
Cent. I a.—Coup. deb. certs. '
Sinkingfund, 6s. 1929.. *112
1
Sink, fund, 6s, 1929, reg *
112
i
Now bonds, 7s, 1886.. *102
do
5s, 1907
Ch.St-.P.AM.—L.gr.in<'.,0si
:
110
'
.Chic.
A
E.
Cleve.
P.
it
Ash.—7s
Kans.Pac.--l
Sinking fuud, 5s, 1929.. *
Ill.—Inc., 1907:
st, 6s, ’95
loi-y Buff. & Erie—Now lids *117
Sink, fund, 5s, 1929. reg
DesM.A Ft.D.—lst,inc.,6sj
1st, 6s. 1896
|
103
102
Kal. it W. Pigeon—1 st. J
Dot. Mack. A Marq.—Inc.i
Siuk’gfd. deb., 5s, 1933 *
125
Escanaba & L.S.—lst.Gsi
80
B5
Det.M.it T.—1st,7s,1906 *118
16V 17
1st, cousol., 6s. 1919
; E.T. V.AGa.—Inc.,Gs,1931
DesM.it Min’ap.—lst,7s|
Lake Shore—Div. bonds *118
Elizab. O. A Nor.—2d, iuc.!
C.Br.U.P.—F.c.,78, ’95
1*2*3
*8*5* iGr.BayW.A St.P.—2d,inc.i 14
Iowa Midland—1 st, 8s. J 125
131
18
Consol., coup., 1st, 7s. j
123
At. J. Co. AW.—1st, 6s
Ind. Bl. A W.—Inc., 1919!
Peninsula—1st, conv. 7s *120
Consol., reg., 1st, 7s... —
119
14
80
Chic.it Milw’keo—1st,7s *123
'2
79
Oreg. Short L.—1st, Gs
Consol., inc., 6s, 1921...
Consol., coup.. 2d, 7s..
118
100
15
Win.&St.P.—1st, 7s,’87, 103
Consol., reg.,2d, 7s
Ut.So.—Gen., 7s, 1909;
; Ind’sDec.A Spr’a—2d,iuc. s
95
120
i
Trust Co. certificates..
2d, 7s, 1907
*115
Exten., 1st, 7s, 1909
Long Ial. RR.—1st, 7s, ’98 *119
95 V Leh. A Wilkesb. Coal-’88
Mil.& Mad.—1st,6s,1905
Mo. Pac.—1st, cons., 6s.!
95
1st, consol., 5s, 19: !l
*100
C.C.C.& Ind’s—lst,7s,s.fd. *118
Louis, West.—1st, 6s
i *98
I
3d, 7s, 1906
j Lake E.A W.—Inc.,7s,’99; 15 V 19
10
Consol. 7s, 1914
‘105
116
Louisville A Nashville— I
Pac-. of Mo.—1 st, 6s...! *105
*—
1
Sand’ky Div.—Inc., 1920
Consol, sink, fd., 7s, 1914
Consol., 7s, 1898
1 113 114
2d, 7s. 1891
' 104
' • ■
Laf.JBl.AMun.—Inc.,7s,’99; *10
97
93
95
General consol., 6s, 1934
91
St.L. A S.F.—2d, 6s, CIA
Cecilian Br’ch—7s, 1907|
■Mil. L. Sh.A W.—Incomes
80
*55
C.St.P.M.itO.—Consol. Os 110
it Mob.—1st,6s,1930
Mob. A O.—lst.prf.,
3-Gs. ClassC, 1906....!
65
91V 92
11076
debon.j *27
;
30
C.St.PitM.—lst.Gs, 1918- 114 V
2d, Gs, 1930....
2d, pref., debentures
3-6s, Class B, 1906....; *90 V
!
No. Wis.—1st, 6s, 1930.;
E. H.& N.—1st, 6s, 1919
95
1st, 6s, Pierce C. A O.
3d, prof., debentures
! *20
St.P.it S.C.—lst.Gs,1919 *114
85
90
116 V
4th, pref., debentures ..1 *20
General, 6s, 1930
Equipment, 7s, 1895..
Chic.it E.Ill.—1st,s.f.,cur, *99
*93** N.Y.Lake E.AW.—Inc. 6s'
Gen’l mort., 6s. 1931..1
Pensacola Div.—6s, 1920
85
9*6'
Chic.St.L.&; P.—l8t.con.5ft
So. Pac. of Mo.—lst.Gs ioi v 102
N.Y.P.A O.—lst,inc.ae..,7si
St. L. Div.—1st, 6s, 19211 ***9*6“
Chic. & Atl.—1st, Gs, 1920
Tex. A Pac.—1st, 6s,1905 *85
Ohio Cent.—Income, 1920
2d, 3s, 19SQ
‘
*5
;
*02
117
Nashv. A Dec.—1st, 7s. *113
Min’l Div.—Inc.,7s,1921 \
2d, 6s, 1923
Consol., 6s. 1905
Chic.* W.Iud—1st, s.f., 6s
•33 V Ohio So.—2d inc., 6s, 1921;
S.A N. Ala,—S.f.,6s,1910
Income A Id. gr., reg..
16V 24
Gen’l mort., 6s, 1932
47
48
1st,Rio G. Div., Gs, 1930
Leban’n*Knox—68,1931
Ogdens. A L.C.—Inc., 1920
Col.& Green.—1st, 6s, 1916
Louisv. C. A L.—6s, 1931
Pennsylvania RR.—
; PeoriaD.AEv.—Inc., 1920 *25*
324
Trust, bonds, 6s, 1922...
78
2d, 6s, 1926
Pa.Co.’s guar.4 Vs,lst,cp *94 V 95 j
Evansv.Div.—Inc., 1920! *24
Col. H.Val. & Tol.—1st, 5s
85
70
L.Erio A W.—1st. 6s, 1919
78
Peoria APek.Un.— Inc.,6s1
Registered, 1921
Del. L.& W.—7 s, conv., ’92
Pitt.C.A St.L.—1st, c.,7s
45
Sandusky Div.—6s, 1919
! Roch. A Pittsb.—Inc., 1921 j *35*
*1*26*'
i*3*i"
Laf.Bl.A
Rome
*75
W. A Og.—Inc., 7s.! *20
i
Mortgage 7s, 1907:
1st, reg., 7s, 1900
M.—1st, 6s, 1919
94
30
2d,
60*
Syr.Bing.it N.Y.—1st, 7s *117
Louisv.N.Alb.AC.—1st,6s
7s, 1913
jSo.Car.Ry.—Inc., 6s, 1931;
Morris & Essex—1st, 7s 135
Manhat.B’ch Co.—'7s, 1909 *77
Pitts. Ft.W.A Chic.—1st 136
jSt.L.AI.Mt.—lst,7s,pr.i.a. j
*
St. L.A.A T. H.—Div. bds. I
28
2d, 7a, 18911
iisv N.Y.AM.B’h -1st,7s,’97
4U
.
’
...
_
_____
....
..—
-
*
,
.
.
,
...
O
1U.1U A
JL/A
Uo.
Ai7^A
....
....
-
.
..
_
1
i_
1
..
,
.
■
...
—
No prices Friday; these are latest quotations made this week,
-I
-
,
......
......
...
.
j
—
New York Local
Stock List.
Insurance
Marked tlms (*) are Par.
not
PRICE.
•America*
Amer. Exchange...
Broadway
Butchers’ & Drov’s’
100
100
150
25
230
135
113
100
100
25
100
25
100
100
100
City
Commerce
Continental
Corn Exchange*....
Eleventh Ward*....
Fifth
Fifth Avenue*
First
Fourth
Fulton
Callatin
Carfleld
German American*.
Carman Exchange*
Gormania*
Greenwich*
Hanover
1.48
150
25
25
100
100
100
100
30
50
100
75
400
125
113
.
Germ an-American
.
Germania
Guardian
Hamilton
Hanover
Home
Howard
25
100
100
50
Leather Manuf’rs’.. 100
50
Manhattan*
100
Marine
100
Market
25
Mechanics’
25
Mechanics’A Trade’
100
Mercantile
50
Mercnants*
50
Merchants’ Exch...
100
Metropolis*
ICO
Metropolitan
100
‘Murray Hill*
50
Nassau*
100
New York
100
Now York County
N. Y. Nat. Exch.... 100
100
Ninth
70
North America*....
30
North River*
25
Oriental*
50
Pacific*
1-00
Park
25
People’s*
20
Phenix
50
Produce*
100
Republic
100
•fit. Nicholas*
100
Beventh Ward
100
Second
100
Shoe & Leather
State of New York* 100
100
Third
40
Tradesmen’s
50
Union
100
United States
50
Wall Street
100
West Side*
Imp. & Traders’
Irving
150
255
140
Irving
.
128
150
145
100
112 Hz
95
1 i5
145
152
152
160
135
102
110
i*io*
*117*
122
1U0
140
136
Citizens’ Gas-L.
Jersey City & Hoboken..
Manhattan
Metropolitan
1,000 '
50
20
60
100
3,000
100
] W0
25
Var’s
100
10
Mutual (N. Y.)
Bonds
Nassau (Bklyn.)
8crip
People’s (Bkjyn.)
Bonds
Bonds
Bonds
Metropolitan (Bklyn.)...
Municipal
Bonds
Fulton Municipal
Bonds
Equitable...:
100
1st mort
Brooklyn City—Stock
...
1st mort
Bklyn. Crosstown—Stock
1st mort. bonds..
Bush w’kAv. (Bkln>—St’k
Central Crossiown—Stk.
1st mort
Cent.Pk.N.& E.Riv.—Stk
Consol, mort. bonds
Uhriat’ph’r&lOtli St—Stk
Bonds
DryDk.E.B.& Bat’y—Stk
1st mort.,
consol
Scrip
E ightfc Av.—Stock
Scrip
■42d & Grind St.F’ry—Stk
1st mort
1
100
Houst.W.St.&P.F’y-Stk
100
1st mort
Second Av.—Stock
500
100
3d mort
Consol..
Blxth Av.—Stock & scrip
1st lukjTI
'Third Av.—Stock
1st mort
Twenty-third St.—Stock.
1st mort
*
125
100
60
60
120
] 26
125
225-
' Period
Street.]
Var's
Var’s
5
:
>
700,000!M.&N.
100,000, A.& O.
3,000,0001
300,090: J. & J.
prof.
*4
.
1*4*6
IS
'*57*
9»4
1
a alitnl^ii
1 :\ &.
2Ha'Julv, 1884
1902
2
Jnne2,’84
prpfprrftd
preferred
1 st.
3
6
4 Hz
9
15
51
..
Pftiinsylvatiia
__
Prpfprrftd
64;j8
Prftfpivftd
2
500,000 J. & J. 7
1,862,000 J. & J. 5
A. & 0.
250 OOO M.&V
7
7
10
7
4
7
4
7
T.iltlft
Kphnylkill
*20
23
25
107 Hz
158
103
212
106
150
105
160
145
110
136
118
130
110
195
114
100
265
105
108 H2
May, ’84 250
April, ’93 112
Aug., ’84 130
July, ’94 110
July, ’84 195
April, ’85 100 H:
May,
’88 105
Meh., ’84 300
July, '90 110
May, ’84 275
Jam, ’90 111
Aug., *84'168
'9:4 110
•.
Pennsylvania
Philadelphia &, F.rift
165
105
216
no
160
112
165
......
13
65
......
56
Northern Central
North Pennsylvania
**55**
*57
64
55 *4
11
108
Phila. Ger. & Norristown
Phila. Newtown & N.Y..
Phila. & Trenton
Phila. Wilm. & Balt
Pittsb.Cin.& St. L.—Com.
United N. J. Companies..
West Chester—Cons. pref.
139
...
CANAL STOCKS.
Lehigh Navigation
Pennsylvania..
Schuylkill Nav.. pref...
Syr.Gen.& Corn.—1st.
Tex. &
42 34
43*4
12
12 34
Inc. 7s, end., coup., ’94
Ashtab. & Pittsb.—1st,6s
16
1st, 6s, reg., 1908
20
Warren & F.—1st, 7s, ’96
West, Chester—Cons. 7s..
W. Jersey—1st, 6s,
1 st. Tr. fls, 1922
* Ex-livid.n.i
75
115
112
cp./96
1st, 7s, 1899
Cons. 6s, 1909
112Hz
W.Jersey&Atl.—lst,6s,C.
107'
Penn.—6s, coup.
6s, P. B., 1896
Gen., 7s, coup., 1901
CANAL BONDS.
Western
104 Hj
Del.—1st, 6s,1886
105
Nav.—6s,reg./84.
Mort. RR., reg.,
1897
1911
115
.
...
Peunsylv.—6s, cp., 1910.
Schuylk. Nav.—1st,6s,rg
2d, 68, reg., 1907
BALTIMORE.
RATLR’D STOCKS. Par
Atlanta & Charlotte
Baltimore & Ohio
100
1st pref
2d pref
61 Hz
176
50
Ohio—Com..!..50
50
Western Maryland ....50
Parkersburg Br
0IH1
Central
Pref
12 Hi
106*4 107HI
SI
Inc
Cin. Wash. &
2ds
3ds
| rox
70
135
125
1
102 Hi
3 02
108 Hz 109Hi
102
101
97*4
62 Hz
Balt.—lsts.
63
S8Hz
97
92
GO
55
100 *4 10034
118
117
114Hz
100 V 10034
28
2ds
No.Central—6s, ’85, J.&J.
6s, 1900, A. & O
6s, gold. 1900. J.&J
5s, Series A,
5s, Series B
Pittsh.&Con’ells.—7sJ&J
Belvid’e Del.—1st, 6s,1902
16*2 Hz
2d, 6s, 1885
103
3d, 6s, 1887
Bell’s Gap—1st, 7s, 1893.
1st, 6s, 1905
Consol., 6s, 1913
Buff. N.Y.& Phil.—1st,6s
2d, 7s, 1908
Cons. 6s. 1921
60
Pac.—1st. 6s,1905
Columbia& Greenv.—lsts
.
Allegh. Val.—7 3-10s, ’96 112
*
55
7s.
2d
RAILROAD BONDS.
IT-*
121Hz
Chari. Col. & Aug.—1st..
Jersey
West Jersey & Atlantic..
135
116
201)
116Hz
102 ■
285
no
2G5
117
140
112 Hz
200
101 Hz
106
310
115
285
113
173
51
50
Balt.&Ohio—6s,/85A.&0
Cen. Ohio.—6s, lst,M.&S.
190 Hz
West
119Hz
18934
RAILROAD BONDS.
Atlanta & Chari.—1st—
.
155
112 Hi
67
’85-88
Scrip, 1882
Conv., 7s, R. C., 1893..t
7s, cp.off, Jan.,’85
Pbil.Wil.& Balt.—4s,tr.ct
Pitts.Cin.&St.-L.—7s, reg
Pitts. Titus. & B.—7s.cj).
ShamokinV. & Potts.—7s
Shen. Val.—1st, 7s, 1909
Gen’IGs, 1921
Income, 6s, 1923
Income, 5s, 1914
Snnbury & Erie—1st, 7s.
Suub. Haz. & W.—1st, 5s
2d, 6s, 1938
Lehigh
59 Hz
Preferred
Broadway.]
M«v.
4*34
10 Hz1
*60
Minehill & Seh. Haven...
.
Adj. Scrip,
Cons., 7s, reg.,
Huntingd’n & Broad Top
Lehigh Valley
|.
103 Hz ;
117 1
Cons., 7s, reg., i911
Cons., 7s, coup .,1911.. 116»a
Cons., 68, g., 1.R.C.1911
Imp., 6s, g., coup., 1897
82 Hz 83
Gen., 6s, g., coup., 1908
Gen., 7s, coup., 1908....
"76”!":".'
Income, 7s, coup., 1896
47 V
Cons. 5s, 1st ser.,c.,1922
Cons. 58,2d ser.,c., 1933
Ches. &
40
54
Elmira & Williamsport..
Preferred..
J’ne 2, *84
1900
Phii
2d
Delaware & Bound Brook
F.:ist
108
Union & Titusv.—1st, 7s.
United N. J.—Gons.6s/94
Cons. 6s, gold, 1901
Cons. 6s, gold, 1908
Gem, 4s, = old, 1923
Catawissa
2 Ha May 1, ’84
5
I May 1, ’84
3
June 2/84
3 Ha May 1/84
3
Apr. 1, ’84
7,1906
Perkiomen—1 st, 6s,cp.’87
Pliil. &Erie—2d.78,cp. ,’88
Cons., 6s, 1920
Cons., 5s, 1920
Phila. Newt. & N.Y.—1 st
Phil. & R.—1st, 6s, 1910..
2d, 7s, coup., 1893
Consol., 6s. 1905
PittRhnrcr
Buffalo N.Y. &
Preferred
902
3
9*«a
PHILADELPHIA.
RAILROAD STOCKS, t
Apr.13,’84
J
*
14
June 2,’84
900,000 J.&J.
250,000 Q.—F.
20
ll>b ii»4
.
1919
C.—78,1896.
Conv.
116
Portland Saco & Portsm.
Rutland Prftferrftil
Tol Ciljn & St f.miis
Vermont & Mass
,
Debenture coup.,
16
Hough t’n & Onton.
6s, cp-, 1910
Cons., 6s, reg., 1905
Cons., 6s, coup., 1905...
Gen
Conv.
15
Louisiana & Mo. River..
I Feb. 1,’84
7 VJuly 1, ’84
748,000 M.&N. 6
236,000'A. & O. 7
95 Hz
Gulf
Iowa Falls & Sioux City.
Kan. C. Springf. & Mem.
Little Rock & Ft. Smith.
3
5
3
*2*i
20
*95
Prcfftrreil
Fort. Scott &
11
30
113
Nesquehoning Valley....
Norfolk & West’n—Com.
1,000
1.000
& No.,
Flint & Pore Marquette.
2,000,0001
150,000
1,050,000 M.&N.
100 1,500,000 M.& S.
500,000 J. & J.
1,000
100 2,000,000 Q.—F.
1,000 2,000,000 J. & J.
100
600,000 F. & A.
1,000
58 H
164
Wisconsin Central
Prpfprrftd
This column shows last dividend on stocks, but date of maturity on oonds
Det. Lansing
I May
5
123
Peunsylv.—Gen.,
Cons., 5s, reg.,
Connecticut River
Date.
*
$
! *
6s, reg.
101
■
121
100
100
Pa. & N. Y.
10=8
®
»4 July, ’84
July, 1900
700,000 J.&J. 7
1,000
100 2,100,000 Q.—J. 2
July, ’84
June, 1904
1,000 1,500,000 J. & D. 5
10 2,000,000 Q.—F. 3Hz Aug., ’84
5
Jan., 1202
800,000 J. & I.
1,000
100
April, '84
200,000 A. & O. 4
J.
&
J.
7
Jan., 1888
400,000
1,000
100
Aug., ’84
500,000 Q.—F. 2
J uly,
100
’84
600,000 Q.—J.
Nov.,1922
250,000 M.&N. 6
1,000
100 1,800,000 Q.-J. 2
Julj', ’84
Dec., 1902
1,000 1,200,000 J. & D. 7
100
Aug., ’84
650,000 F. & A. 3
7
Oct., 1898
250,000'A. & O.
1,000
100 1,200,000 Q.—F. 2Hz Aug., ’84
7
June,
’93
500&C.
900,000 J. & D.
1914
100 1,200,000 F.& A. 6
100 1,000,000i Q.—J. 2Hz July,
’84
1914
100 1,000,000. F & A. 6
1,000
153
159
94
58
3
Chic. & West Michigan..
Ciun. Sandusky & Cleve.
51
Norfolk & West.—Gen.,6s
N. R. Div., 1st, 68.1932
100
160
115
143
2d, 7s, cp. 1896
Gen., 7s, 1903
Debenture 6s, reg
66Hz
*66*4
164 Hz
Boston & Providence....
Boston Revere B. & Lynn
1923..
Oil City&Chic.—1st, 6s..
Oil Creek—1st, 6s, coup..
...
Norwich & Worcester...
[Quotations bj H. L. Grant, Broker, 145
100
113Hz
Val.—7s..
STOCKS.
1,’84 128
3
Julvl, ’841 92
3
Ha
F.,
S’g
’99 ■ 107
259,000 A. &O.
i
Bridway & 7th Av- St’k.
175
108
2d, 7s, reg., 1910
Cons. 6s, C.& R.,
......
150
P5
160
85
130
110
Leli.V.—lst,6s,C.&R./98
N. O. Pac.—1st, 6s, 3 920.
No. Penn.—1st, 6s, cp.,’85
87
Quar. 2HaJuly 21’84
1900
A. &O. 3
1,000
3
July 1, ’84
100 j 1,000,0001
5
J’nelO/84
100 >3,000,000 Var’s
1888
1,000
750, OOOj M.&N. 3Ha
100
Bl’cker 8t.& Fult.F.—Stk
1st mort
110
L.Ch.—Con.6s
114
1895.
Ithaca&Ath.—1st, gld.,7s
Junction—1st, 6s, 1882...
2d, 6s, 1900
113 Hz
So. Pac.—7s
N. Y. & New England ...
Northern of N. Hampsh.
2,000,000 F. & A '
| 756,000 J. & J.
,4,000,000 Var’s !
:2,500,000 F. & A.
700,000 F.& A. ;
3,500,000; Quar.
1,500,000,M.&N.
1,000,000 Var’s 1
Var’s
50
Williamsburg
110
75
110
85
112
65
100
Cons. 5s,
75
93
io f *
7r
Mai q.
4,000,000 M.&N.
1,000,000 J. & J.
400,000 M.&N.
1,000
N ew York
82
100
England—6s..
0a
Pueblo & Ark.
5s,
10
742*
Manchester & Lawrence.
1
(Bklyn).
-
B.—7s
K. City Sp’d & Mem.—6s
Mexican Central—'7s-
N. Mexico &
&Wmsp’t-lst,6s, 1910
perpetual
Harnsb’g—1st, 6s, 1883..
H.&B.T —1st, 7s, g., 1890
El
107 Hz
113
103
116
114
82
*92
91
39
38 34
Fort Scott & Gulf—7s
K. City Lawr. & So,—6s..
K. City St. Jo. & C.
Little R. & Ft. S.—7 s, 1st
ft 1‘.rip
Qor.Cowan& Ant.,deb. 6s,
Delaware- Gs, rg.& cp ,V.
Del & Bound Br — 1st, 7s
East Penn.—1st, 7s, 1888
Easton&Amb’v—5s, 1920
12
11
Ogdensb.&
126
104
S4J
Mass.—6s, new..
60
65
210
90
112
103
5a
East’rn,
140
120
200
115
6s.Non-ex’pt
Co.-6s. ’97.
Catawissa— 1 st, 7s, con. c.
Chat. M„ 10s, 1888
New 7s, reg. & coup—
Chart’rs V.—1st, 7s, 1901
Connect'g 6s, cp., 1900-04
Passumpsic—7s.
50
& Co., Brokers, 11 Wall
25 12,000.000'
20 11,200,000'
Providence—7s
134
Railroad Stocks and Bonds.
Amount.
Conn. &
2d, 6s, 1904
Cons., 6 p. c
Cam. & Burl.
Bnrl. & Mo.—Ld. gr., 7s.
Nebraska, 6s...Exempt
Nebraska,
Atl.—lst,7s,g./93
Cam. &
:
_
N. Y. & N.
125
Par.
Bonds
Harlem
Boston &
115
'll’
Ask
100
103
Mort., 6s, 1889
83
15
Albany—7s
290
65
110
140
..
1
Brooklyn Gas-Light
170
150
125
125
90
240
250
83
100
...
Timm ft
Rosfon &
fiq
Buff.Pitts.& W.—Gen.,6s
Cam. & Amboy—6s, c.,’89
118*4
115 Hz
7s.
Pacific—6s
lOd
85
70
112
225
140
65
100
50
105
55
94
105
145
50
Nassau (Bklyn.) ...
37 Hz 80
National
145
1
35
N. Y. Equitable ...
80
100
N. Y. Fire
120
50
Niagara
105
! 25
North River
1 25
165
Pacific
100 , 100
Park
145
20
Peter Cooper
50
108
People’s
50
138
Phenix
25
115
Rutger's
95
50
Standard
55
100
Star
50
100
Sterling
110
25
Stuyvesant
120
25
United States
10
120
Westchester
200
Williamsburg City. 50
(Gas Quotations by Geo. H. Prentiss
1
155
113
153
175
145
150
City
■GAS COMPANIES.
Ask
Atlantic &
100
75
40
105
207
130
105
230
50
100
130
Lorillard
Manufac. & Build.. 100
25
Mech. & Traders’
Mechanics’ (Bklyn) 50
50
Mercantile
50
Merchants’
Montauk (Bklyn.).. 50
150
137
145
137
90
112 Hi
L24
90
55
90
20
40
50
25
Kings C’nty (Bkn.).
Knickerbocker
Long Isl’d (B’klyn)
'
115
120
50
225
230
75
100
30
J efferson
160
145
100
100
50
50
25
100
15
50
100
50
Greenwich
L55
145
105
140
165
160
17
10
Firemen’s
Firemen’s Trust
Franklin & Emp..
Globe
175
120
100
100
Gas and
I,0
125
110
275
145
100
Bast River...P.
120
150
2000
Bid.
50
American
Amer. Exchange... 100
25
Bowery
25
Broadway
17
Brooklyn
20
Citizens’
70
City
100
Clinton
50
Commercial
100
Continental
40
Eagle
100
Empire City
30
Exchange
50
Farragnt
123*2 125
25
Central
'Chase
Chatham
Chemical
'Citizens’
! Ask.
Bid.
National.
Par.
COMPANIES.
BOSTON.
Atch. & Topeka— 1st,
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
Bailey, 7 Pine St.]
PRICE.
COMPANIES.
Philadelphia and Baltimore.
Quotations In Boston,
Securities.
[Prices hy E. S.
Bank Stock List.
; [Vol. xxxix.
CHRONICLE.
THE
94
y»*4
11934 121 Hi
.
Virginia & Tenn.—5s
88
W.Md.—6s, 1st. g., J. & J.
2d, guar., J. & J
2d, guar. byW.Co.,J.&J.
6s, 3d, guar., J. & J
Wilm. C. & Aug.—6s
wn. *
'Cptnnn-tlnld 7*>
? in u a.ui>.
90
117Hz 119
105
1*05*
1*08*'
115
2 JQ.X-1'lgUM.
1*2*6"
July 26,
THE CHRONICLE.
1£84.]
RAILROAD
,
EARNINGS.
New York City Banks.—The
following statement shows the
condition of the Associated Banks of New York
The latest railroad earnings and the totals from Jan. 1 to
latest date are given below. The statement includes the gross
week
earnings of all railroads from which returns can be obtained.
The columns under the heading “January 1 to latest date” fur¬
nish the gross earnings from January 1 to, and including,
KL.RCkAFtSmih
the
Earnings Reported.
Roads.
Week, or Mo
Bur.Ced.R.&No. •id wk July
Canadian Pacific 3d wk July
2d wk July
Central Iowa
...
Central Pacific.. June
....
Chesap. & Ohio June
Eliz.Lex.&B.S. June
....
Alton id wk July
Chic. Burl. & Q.
Chic.& East. Ill.
Cliic.A Gr.Trunk
Chic. Mil. & St.P.
Chic. & Northw.
Ch.St.P.Min.&O
Chic. & W. Mich.
Cin.Ind.St.L.&C.
Cin. N. O. & T. P.
Cin.Wash.&Balt.
Clev.Akron& ^'o 1
Clev.Col.C.& Ind
Denver & Rio Gr.
May
2d wk July
Wk Mar. 8
3d wk July
3d wk July
3d wk July
2d wk July
June
,1 une
2d wk July
2d wk July
May
May
Des Mo. & Ft. D. 2d wk
*
79,893
....
July
Det.Lans’gA No. 2d wk July
Dub.&SiouxCity IstwkJuly
Eastern
June
E.Tenn.Va.&Ga. IstwkJuly
Evansv. A T. H. 2d wk.Tuly
Flint A P. Marq. 2d wk July
Flor.R’way A N. 1st wkJuly
Ft.Worth A Den. Juue
Grand Trunk
Wk J uly 12
Gr.BayW.ASt.P. * d wk July
Gulf Col.ASanFe June
Hous.E.&W.Tex April
b Ill. Cent. (Ill.).. 2d wk July
Do
(Iowa) 2d wk July
Ind. Bloom.& W. 2d wk July
Ft.S.& Gulf 2d wk July
Kan. C. 8p A M. 2d wk July
...
Kentucky' Cent’l May
Lake Erie & \V#. IstwkMay
June
L.Rk.M.Riv.&T. June
Long Island.... 3d wk July
La. & Mo. River April
’.
Louisv.ANasbv. 2d wk July
Mar.Hough.A O. 2d wkJuly
Memph. & Chari. 1 st wkjuly
1,343,362 1,314,913
480.659
6,392,786
44,726
124,000
1,365.927
6,107,909
1,369,139
2,593,502
41,684
12 i.000
14.131
13,238
26,922
355.683
364.171
1,349,642
41,812
18,135
38.300
1,287,355
14,633
31,900
536.926
223.700
323,250
455.655
171,500
358,527
8,645,783
5,851
139,156
9,743.733
181,327
797,638
202,900
4,877
127,784
19.356
24.884
178,026
178,600
31,900
41,323
5,142.319
856,0 49
1,312.817
33,963
46,955
28,475
1,226,593
63,753
68.381
576,269
308.593
15,603
33,00-*
247,016
36,650
19,648
23.500
22,827
30,750
23,100
88,664
50.500
234,410
34,878
88.422
43,800
247,570
34,592
23,825
17,851
158,727
1,372,439
7,033,366
6,855.823
324,863
200.642
673,367
1,372.265
241,794
.......
May
451,205{
?
N.Y.Susq.«feWest June
82,970
23dysJ’ne
142,403
40,073
23dysJ’ne
June
3d wk July
416,635
231,778
’d wk July
3d wk J’ne
21.159
78,940
Oregon Imp. Co viay
Oregon R.AN.Co May
Pennsylvania... Juue
581.702
.
2d
19,457
17,853
10,220
7,495
wkJuly
3d wk
3d
July
wkJuly
79,100
25,388
682,330
June
247,725
533,168
644,455
591.920
689,552
North .River
River
.
972.155
1,307.968
German-Americ’n.
Chase National...
Fifth Avenue
German Exch’nge.
Germania
United States
Lincoln
Garfield
Filth National....
963,146
1,101,990
“
are
7.714.1U2
8«,152
155.397
51,593
476.164
187,700
20,387
451,928
465,495
1,205,036
334,237
2.620,255
6,599.961
1,161,222
337,84 4
2,944,614
3,417
19
Specie.
$
$
64.000
30,650
763.838
75.089
West J ersey
j May
Wisconsin Cent’l: 1 st wkJ uly
..
9,770
102,969
22,524
416.826
96.746
572.918
3,657.518
3,912,542
521.564
570,012
636,307
232.527
327,455
1,358,784
802,448
250,412
359,939i
9,300.896 10,696,125
388,434
5.228
58,853
92,413
415,133
494.650
229,746
36.810
369.161
740,327
t
..
Vicksb.Sh.&Pac.'June
49.487
732.347
1,875.818
6)6,<*48
343,853
1,167.2 43
23,131
224.134
237,000
350,000
655,000
390,000
1,608,400
2,238,200
158,000
198,000
158.600
976.900
1,667,000
209,000
375.500
626.100
786.300
832,000
725.000
■
575.300
3,579,800
478.300
94,400
230,000
461.300
112.600
108,000
400,000
334.900
170,6.10!
180.600
209.200
690.400
93,000
296,600
40,300
202.500
161,000
169.100
159,060
4.930.300
1.877.500
20.734.600
18.289.900
1.202.300
1,692,000
865,900
446,10*6
*62,166
1,334**3*66
13,018,200
7,944,000
1,986,000
4,344,701*
14,526,100
4.406,100
203.100
270,000
213,200
532.800
693.700
626,<>00
2,623,000
4.155.700
1.099.000
1,890,000
2.345.400
2.320.600
3.851.600
2.615.800
2.162.400
2.169.600
2,921,200
1.508.900
761.000
1,078,700
45,000
221,400
360,000
297,000
45,000
595,700
449,900
2*66*7*66
222,000
180,000
45*,666
441,700
44,400
178,000
134,200
! L.
Tenders.
1
$
Deposits.
Circulation Agg. Clear'g*
$
$
$
Banks.—Following are the totals of the Boston banks:
Loans.
Specie.
$
July 7 133,562,900
14 136,642,500
21 137,174,000
“
“
L. Tenders
$
6,607,000
3,532,000
6,522,100
6.514,400
3,631,800
3,892,700
Includes Southern Kansas lines in both years,
b Includes Southern
Division.
c Including both divisions.
d Corpus Christi t3 Saltillo,
397 miles; up to May embraced only 236
miles, Laredo to Saltillo.
t
Only 164 miles now, but prior to May represented 297 miles.
/Whole Southwestern system.
g Not including earnings of New York
Penn. & Ohio road.
h Included in Central Pacific
earnings above.
i Embracing lines in
Missouri, Arkansas and Texas
$
Deposits. *
$
follows:
1884.
July
“
“
*
7
14
21
Unlisted
week past:
8l,883jjOO 23,072.900
of the
Lawful Money.
Deposits*
$
73,123,994
$
17,980,136
72,227,364
71,960,070
19,073,603
18,989,060
$
64,403,374
64,403,412
64,130,209
SeciLrities.
Bid.
A sk.
Atlantic A Pac.—6s, 1st M
Incomes
Blocks, 35 p. c
Cent. Div., old
70
7
78
14
90
70
50
7b
23
•«••••
b
5
51
42
California Pacific—1st M 100
2d in. Guar. byC*-n. Pac. 100
Chicago A Grand Trunk.. 12
Cin. W. A Balt.—2ds
6lb
Continental Const.Imp.Co 10
Cent, of N. J.—Debent
74
Denv. A Rio Grande—Cons 45
5s
21
Lebanon Springs—1st M.
1st M., endorsed
Mexican National
Mahoning Coal A RR
Mo. Pacific—Old stock
49
25
M.,
34
50
Georgia Pac.—stock
Keely Motor
Philadelphia banka
s
S
8,259,933
8,250,169
8,192,623
51.512,793
46.332,347
48.701,934
81b
6
5
5
3
14
latest quotations for
Securities.
—
f Bid.
scrip
..
N. Y. M. Un. Tel.—Stock.
N. Y. W. Sh. A B.—Stock.
Norfolk A West.—Deben..
N.Y. Penn. A O.—3d, inc..
Atl. A G. W., com
Ohio Cent.—Riv.
Incomes
Pensacola A Atl
1st mort
Div., 1st
36
100
12 b
1st mort
Postal Telegraph—Stock.
1st mort., 6s
Postal Tel. A Cable—Stock
St. Joseph A Western
St. Jo. A Pac., 1st mort.
2d mort
Kans. A Neb., 1st mort.
2d mort
Tex. A Col. Imp.—60 p. o
Ex-bond
Texas Paciliu—Old scr.p.
New scrip
82 b Tex.
6b
10
10
4
4
8t.L.,M.AA.div.,as.p
M. A A. Div., 1st mort..
M.A A.Div.,incomes,as
6s, 1st mort.,
Gen.
p
in
Texas..
lst,ld.gr. A inc.as
p.
Vicksburg A Meridian...
Incomes
a
Ask.
St’ck trust ctfs
Pittsburg A Western
6b
1st mort., 6s
57,51),683
Pref
°8 North. Pac.—Div. bonds..
x2 North Riv. Cons.—100 p.c
14
22
Pref
Denv. A Rio Gr. W
Den. R. G. A W., lrt
Guar, by D. A li. G
Edison Electric Light
*3*6
106
are
iMut.Un
......
B’kly'n Elev.—1st.,ass’!; pd
Bull. N. Y. A Plnla
$
64,227,444’
61,025,571
to other banks.’’
Securities.—Following
Accumul. land grant
Am. Bank Note Co
Am.Safe Dep. per. deh.hds
Bost. H. A E.—New stock
Old
Bost. H. T.A West.—St’ck
Debentures
S
81,423,700 23,080.200
Loans
Including the item “due
Circulation Agg. Clear’g,a,
85,223,900 23,494,500
Philadelphia Banks.—The totals
are as
396,396
240,910
2,352.889
209.100
433,000
1,000,200
289.817,100
612,600!30,128,400 299,552.000 14,470,10i) ;476,869,275
288,603.700 72,731,600!31,873,700i
1884.
4,093,460
77,325
12,637
404.500
totals for several weeks past:
Loans.
Boston
38.667
2,4 48,636
50.163
711.977
$
1283,603,700,72,731,600 31,373,700 304,788,100|14,416.9I*0
following
1,358,629
6.389,903
18.147
$
July 5 292,608,900 60,851,800:23,027,000 290,304,000 14,437,600 552,672,882"
12
68
2,223,588
23,291
$
M.KAT—Income
73,000
632.900
132.900
13,943,500
4.312.700
1.398.200
1,860.000
1.877.100
2.442.500
3,063.300
2.389.400
1,674,000
1.823.400
3.193.500
1.244.500
838,900
1,034,000
Bowery
Y. County
Total
833.600
474.800
104,000
247.700
1.564.500
486.800
7,024.000
1,082,900
4.954.400
...
“
1,145,181
1-9,737
112.900
474.500
149.300
1,026,400
1,285,000
4.326.900
1,088,00®
1.563.500
482,000
938.800
3.984.600
1.879.500
152.400
15.394,200 6.581.900
14,413,100 3.169.200
1.535.700
110.400
1,529,000
27,000
1,050,800
116.900
11,943,000 3,895,600
Pai k
Wall Street
1834.
401.100
107,000
4.508.100
...
The
582,080
May
74,660
So.Pac.Cal .N.D. April
95,876
88,852
Do So. Div. h April
340,116 364,689
Do Arizona h April
175,575
214,742
Do jn.
no
N. Mex. ti
h Apni
April
68,779
64,857
Tex. A St. Louis i-4Lili wkj’ne
14,954
Union Pacific.. JMav
2,112,342 2,351,012
Utah Central.
May
85,260
97,671
Vicksb’rg & Mer. June
31,734
27,870
.
Metropolitan
......
St.Jolinsb.AL.O. March
Bt.L.Alton&T.H. 2d wkJuly
Do
(brchs.) 2d wk Julyr
a
Irving
380,867
171,197
274,221
...
Citizens’
Nassau
Market
St. Nicholas
Shoe & Leather..
Corn Exchange
Continental
Oriental
Importers’A Trad.
987,034
312.680
361,019 1,382.360 ? .465,787
439.001
435,144
1.780.72 4 1,907,970
3,906,174 4,156,871 23,333,249 24,352.579
Peoria Dec. A Ev. 2d wk July
11,058
9,844
386,381
351,738
Phila. <fc Erie ...jMay
296,853
363,359 1,324,444 1,598,468
Phila. A Read’g i.May
1,884,757 1,696,877 7,961,412 8,155,371
Do Cent.N.J.lMay
943,185
4,108,489
Do
C. A Iron , May
1,882,219 1,395,053 5,970,562 5.623.076
Richm’d ADanv.! 1 st wkJuly
62,200
61,800 1,887,302 1,826,606
Ch. Col. A Aug. June
38,299
44,09 i
357,899
393,779
Columbia&Gr. June
28.148
31.755
366.845
298,855
Va. Midland.
June
128,433
131,313
732.704
736.694
West. No. Car.ijune
29,628
23,261
190,934
146.364
Rocli. A Pittsb’g 3d wkJuly
24,137
14,335
590,696
253,214
Rome Wat. & Og. M ay
137,356
125,815
599 083
592,871
St.L. Ft. S. & W.
St.L A San Frau.
St. Paul & Dul’th
StP.Min.A Man.
South Carolina
North America
Hanover
N.
242,93 4
185.287
512.900
1.433.500
3.424.900
1.527.900
2.852.800
7.581.700
2,739,000
3,676,000
2.300.100
2.146.700
2.633.600
1.929.500
2,645,000
Peoples’
280,169
994.353
1,432.832
5.913.200
4.134.800
936,002
5,316,640
1,412.330
213.959
406,390
Republic
Circula¬
tion.
1C.328,000
450,000
569,000, 9,203.000
1,123,900
8,054,900
349,906
848,000:
7,993,000
114.600
4.546.800
836.200 10,401,300
2,334,000
259.800,
264,100^
597,000 10.506.600
118.900
1,666,100
797,666
174.300
1.419.600
682,9.10 17.943.700
339.200
2,427,200
292.500
440.500
3.937.500
621,000*
130.500
1.631.800
236.500
102.000
881,000
45,000
250.100
999,500
2,600
345.200
2.601.900
518,900158.400
1.201.800
11,100
408.900
5,076.600
2,205,000 11,487,000
2,334.800 15.551.600
951,000
507,000
5.409.800
900,000
399.700
6,0-0,400
404,000
219.900
2.616.900
397.900
3.633.300
224,000
598.800
3,745,000
45,000
189.600
1.792.300
5,400
365.200
2.928.500
890.300
7,837,000
526,500*
373.500
2,680,000
397,000
210,000
1,105,000 1,305,000'
366.400
2.873.400
261,900
359,000
2.485.800
295, (»0u
2.304.700
440*666'
289.800
1.791.600
309, *00
540.500
5.511.800
2,272,000
Chatham
other
than U. S.
935,000
4.930.900
836.000
888,200
3.286.400
1.232.300
4,063,600
13,945,000
17,551,700
6.407.200
Broadway
East
2,888,000
3,612,000
I,9b6,2o0
2,039,000
1.578.200
3.563.900
792,000
4.871.300
1.628.500
Mercantile
Pacific
Fourth National..
Central National..
Second National..
Ninth National...
First National....
Third National
N. Y. Nat. Exch..
836,700
154,330
'..
Fulton
Chemical
Merchants’ Exch.
Gallatin National..
Butchers’A Drov..
Mechanics’ & Tr...
Greenwich
Leather Manuf’rs.
Seventh Ward....
State of N. Y
Americ’n Exch’ge.
Commerce
J
......
OhioAMiss
City
Tradesmen’s
...
..
Norfolk A West.
Shenandoah V
Northern Centr’l
Northern Pacific
Ohio Central....
2.589,712
22.655
26,411
710,256
623,209
1,789.000 2,129,226 10,476,000 11,545.125
258.800
323.845 1,708.2 47 1,796,859
57.800
56,022
321,391
316.627
181,378
180,904 4,192,414 4,137,218
1,981.127 2,009.872 9,538.839 9,467,287
30,260
28,354
759,805
841,527
60,057
59,603
521,636
483,173
440,000
413,796 11,712.000 11,939.883
452.500
506.000 11,860,199 12,327.715
105.400
108.300 2,949,044 1 2,653,605
26.656
29,232
819,426
814.218
197,313
199.929 1,110,153 1,158.13*2
205,490
108,826 1,210,313 1.157,472
27,931
32,070
852.389
931.353
8,102
243.292
7,987
268.219
294,624
339,836 1,457.525 1,642,142
568,754
626,018 2,450.715 2.692.426
6,127
5,531
166,667
146,596
20,613
26,575
14,984
15,572
434,208
5 f 7.852
291,251
300,637 1,598.393 1,637.666
60.025
63,060
1,915.549 1,851,282
Mexican Cent.c. June
243,443
Mex.Nat., No Dr/ 3d wk J’ne
11,073
Southern Div. 3d wk J’ne
12.750
Other lines e.. 3d wk J’nc
3,435
Milwaukee A No 2 wks July
18,798
18,035
Mil. L.Sh.&West. 3d wk July
23,550
20,185
Minn. & St. Louis May
156.675
148,429
Missouri Pac./.. June
2,653,271 2.577.070
Wab. St.L. A P. 3d wk J’ne
277,000
269,000
Mobile A Ohio
June
130,243
123.727
Nash. Cli.A St.L. June
161,957
170,661
N.O.ANortheast June
23,419
7,34 5
N Y. & New Eng May
273,702
303,035
N.Y.L.ErieAW.ry May
1,30',545 1,660,174
N. Y. Pa, & O.
$
519.683
Tenders.
$
8,835,000
7,390.000
7.213.700
8,035,000
4.649.700
9.905.900
2.176,000
7.227.900
2.917.400
1.686.400
15,441,300
2,756,000
....
Net Deposits
Legal
Specie.
$
Manhattan Co
Merchants’
Mechanics’
Union
America
Phenix
1883.
$
.
72,225
Loans and
Discounts.
New York
1884.
City for the
July 19:
commencement of business
Average Amount of—
Jan. 1 to Latest Date.
1883.
$
Ala. Gt. Southern June
a Atcli. T.& S Fc May
Chicago &
1884.
ending at the
Banks.
period mentioned in the second column.
Latest
95
39
90
Jwuestmeuis
places of thirteen directors of the Manhattan Railway
Company, who are now acting as directors of the New York
Elevated Company. At this meeting the stockholders will
also consider the relations between that company, the Metro¬
politan Company and the Manhattan Railway Company,
and act upon the several agreements between the three com¬
panies, or any two of them. ,
Mexican Central.—It is expected that trains can run over
the bridge at El Paso this week, so that business with the
United States will be resumed. The corrected June earnings
were $243,443, against $265,344 in May.
The subsidy advised
as collected to date is $2,608,727, an increase from $2,546,883
take the
AND
INTELLIGENCE,
The Investors’ Supplement contains a complete exhib it of the
Funded Debt ofStates and Cities and of the Stocks and Bonds
if Railroads and other Companies. It is published on the
last Saturday of every other month—viz. % February, April,
June, August, October and December, and is furnished with¬
out extra charge to all regular subscribers of the Chronicle,
Extra copies are sold to subscribers of the Chornicle at 50
cents each, and to others than subscribers at $1 per copy.
RAILROAD
INVESTMENT NEWS.
Atchison Topeka & Santa Fe.—This railroad company has
made application to the Stock Exchange to have placed on the
regular list $2,500,000 of its recently-issued six per cent sinking
fund secured bonds of $1,000 each, numbered 7,349 to 9,848,
dated Dec. 1, 1881, and payable Dec. 1, 1911. The securities
deposited in trust against these bonds are as follows: $350,000
of the first mortgage 6 per cent bonds of the Kansas City &
Olathfe Railroad, $959,000 of the first mortgage 6 per cent
bonds of the Kansas City & Emporia Railroad, $547,000 of the
first mortgage 6 per cent bonds of the New Mexican Railroad,
$529,000 of the first mortgage 6 per cent bonds of the Kansas
Southern Railway, $200,000 of the second mortgage 0 per cent
bonds of the New Mexico & Southern Pacific Railroad, and
$170,000 t)f the second mortgage 0 per cent bonds of the
Wichita & Southwestern Railway.
—It is reported from Boston that the damage to the Atchi¬
son Railroad by the recent washouts aggregates $500,000.
It
will be charged to the current expenses, and thereby will
largely decrease the net return for June and July. The gross
receipts for June were about the same as those of last year,
but it is expected that July will show a loss of $200,000 in
gross earnings as compared with 1883. The prospects for later
GENERAL
excellent.
California & Oregon.—The Central Pacific, which owns
the road called the California & Oregon, and is gradually
building it northward, has finished the grading to a point 40
miles north of Redding, Cal., where work will rest until build¬
ing is again in progress on the Oregon part. The California
road is still about 100 miles short of completion and the Oregon
months of the year are
June 20.
Milwaukee Lake Shore &
Central Pacific.—The Central Pacific directors have an¬
nounced that the August dividend will be passed on account
of floods in March and June.
The six months’ statement,
partly estimated, is given below. The flood charges are
large, but the operating expenses were increased and
the gross earnings decreased on this account.
§
June
so
FROM JANUARY
1 TO JUNE 30,
(Juno partly estimated)
Southern Pacific paid back for operating
lor 1883
1884.
$10,354,000
234,000
Colorado Division
$10,588,000
Total
Operating expenses (June
7,412,000
estimated)
$3,170,000
Net
Repairs flood damages
=
$2,850,000
Balance
Fixed charges
2,050,000
Balance
Government sinking
Company’s sinking
° 3*26,000
fund
fund
Deficiency
$300,000
352,000
A large force will be put to work at Ashland
pushed forward. This gives Ashland four
railroads, three of which, the Wisconsin Central, the North¬
ern Pacific and the Milwaukee Lake Shore & Western, make
by July L, 1885.
soon
and the road
it their terminus.
New York West Shore
Central
Company for the foreclosure of the mortgage on the
property of the West Shore & Ontario Terminal Company
has been withdrawn. The bonds were not sold but pledged for
loans, and at a recent meeting of the lenders the proposal to
the-'year’s interest in receivers’ certificates was made. It
agreed also to extend the loans for one year from the time
when they matured to April 1, 1885. While a large majority
of the lenders assented to the proposal, it is understood that
some of them have not yet signed the agreement.
The whole
amount of interest will be paid in receivers’ certificates of the
New York West Shore & Buffalo Railroad, an agreement
having been made between the West Shore and the Ontario &
Western companies by which the joint obligation on the bonds
will be adjusted by the two companies.
Northern Central.—The comparative statement of earnings
and expenses for June and for six months ended June 30,
pay
was
is
as
follows:
■
June.
,
/—6 mas. ended June 30-n
1883.
1884.
1884.
1883.
$416,635
$476,163
$?,620,255
$2,944,614
$261,409
$23 *,984
16,935
$1,500,209
18.597
171,703
$? ,650,679
216,381
Total expenses
$230,0C6
$297,919
$1,671,912
$1,867,060
Net earnings
$136,629
$L78,244
$948,343
$1,077,554
Gross earnings
Operating expenses
....
Extraordinary expenses
North Pennsylvania.—Messrs. Drexel&Co. have purchased,
quantity of North Penn. 7s at an agreed rate, sufficient to
retire the first mortgage 6s, due January 1 next. The 7s will
become, on the payment of the Gs, a second mortgage on the
main line, there being only the second mortgage 7s ahead of
them, and a first mortgage on the Bound Brook division.
Pennsylvania Railroad.—The gross and net earnings for
a
the
operation
of
the
with
of Pittsburg there
decrease in net profits of $192,568 for June and a de¬
of $907,421 for the six months, as compared with 1888:
for six months are specially compiled for
Chronicle in the tables below. The result of the
of all the lines east of Pittsburg and Erie for the month
June was a decrease of $96,116 in net earnings and for
six months a decrease of $406,584 this year, compared
the same period in 1883.
On the lines west
June and
was a
crease
LINES EAST OF
PITTSBURG AND ERIE.
Earnings.'1884.
1883.
■Gross
$3,574,233
3,426,733
March
4,002,627
$3,929,357
3,712,215
April....
4.156,309
4,267,173
4,061,750
4,303,006
January
$452,000
<fc Buffalo.—The suit of the
Trust
$200,000
052,000
Western.—It has been decided
at Ashland, Wis. The
to the Montreal River
that the terminus of this road shall be
road will be completed from Ashland
road about 20 miles short.
Gross earnings
of electing thirteen directors to
August 1 for the purpose
on
not
[Vol. XXXIX.
THE CHRONICLE.
96
February
May
4,189,380
Net
Earnings.
1884.
1883.
$1,166,136
1,124,579
1,404,55 L
1,694,456
1,639,494
1,083,026
$1,471,058
1,336,694
1,4 55.427
1,467.831
l,60i3,674
1,179,142
3,906,174
4,156,871
Baltimore.—The stockholders June....
Cincinnati Washington & Balti¬ Total 6 mos.. $23,333,249 $24,352,579 $3,112,242 $8,518,826
more RR. have ratified the contracts with the Marietta Mineral
As to the lines west of Pittsburg and Erie, the monthly
Railroad, which transfer to the latter what is known as the
“Old Line,” thirty miles of road, which, beginning near reports issued in 1883 and for the current year show the results
The company’s returns, however,, state a loss since
below.
Canaan, runs to Scott’s Landing and sixteen miles north from
in the present year, compared with the same period
January
1
Stewart. They also give perpetual right to operate the four
in 1883, of $940,164.
miles of road from Marietta to Moore’s Junction.
LINES WEST OF PITTSBURG <fc ERIE.
Net Sui'plus over all Liabilities.
Inc. or Dec. in
Kentucky Central.—The first train on the Livingston (Ky.)
1884.
1883.
' 1884.
extension of the Kentucky Central was run this week. This January
- Def. $106,556 "
$L74,981
Dec.. $281,537
is the opening of forty miles of new road from Richmond to February..
Def. 164,776
Def. 150,051
Inc.. 14,725
Def. 108,833
225,951
Dec.. 334,834
Uvingston, Ky., and signalizes the completion of the Knox¬ March
49,632
149,710
Deo.. 100,028
ville connection, opening up to the Kentucky Central the April
May
47,754
Def.
Def. 34,575
Dec.. 13,179
whole East Tennessee Virginia & Georgia system.
Juue
Def. 360,923
Def. 168,360
D c.. 192,568
Louisville & Nashville.—In. regard to the rise in Louis¬
Total 6 months.. Def. $724,490
$182,931
Dec.. $907,421
ville & Nashville stock, no precise information was obtainable.
Pittsburg Newcastle & Lake Erie.—At Pittsburg, Pa., July
Brokers attributed the rise in the stock to buying for London
12,
Judge Stowe, in the Common Pleas Court, rendered a de¬
account, and it was stated in reliable quarters that a control of
the road had been secured in England, where 136,000 out of cision in the case of Lusk and others against Callery and others,
250,000 shares were held. It was further stated that the man¬ involving the legality of the sale of the Pittsburg Newcastle Sc
Erie Railroad, which has been pending for several years.
agement of the road would be remodeled on the plan found Lake
most successful in the operation of railroads in England, by The road was sold on a judgment in 1879, and plaintiffs averred
which for closures and the wiping out of stocks and junior that it was a fraudulent sale, and "was intended to cut out all
except a few stockholders who had formed a syndicate to force
bonds are done away with.
the sale, and who afterwards formed a consolidation with the
Manhattan Elevated.—This company listed at the Stock
Pittsburg & Western Railroad. The case was referred to a
Exchange last week another $1,000,000 of Metropolitan Elev¬ Master in
Chancery, who reported in favor of the plaintiffs,
ated second mortgage bonds. The proceeds of these bonds
but exceptions were filed, on which the decision of the court
will be used in payment of new equipment, part already pur¬
is based.
The "Court overrules the finding of the Master and
chased by the Manhattan Company for the account of the Me¬
sustains the legality of the sale. The case will be taken to the
tropolitan and part for equipment yet to be obtained. A special
meeting of the New York Elevated stockholders will be held Supreme Court for final adjudication.
Cincinnati Washington &
and voting bondholders of the
July 26,
THE CHRONICLE.
1884.]
Texas & Pacific.—A circular has been issued to the bond¬
holders of this company, which is quoted
substantially as
follows:-®5**
To the Bondholders of the Texas & Pacific RR. Co.
At a meeting of the directors of the Texas & Pacific
Railway
Company, held on June 11, 1884, a special committee was
appointed to take the matter of the financial condition of the
company into consideration, and report the result of their
deliberations to the Board. The cofhmittee so appointed have
submitted a report, embracing a plan of adjustment of the
finances of the company, which plan is herewith submitted for
the consideration of the bondholders.
The liabilities of the company on July 1 were found to be as
follows:
FLOATING DEBT JULY 1, 1884.
Debit balance in favor of tbe Missouri Pacific Railway Com¬
pany in current account (less amount to be received on
pools, awaiting decision of arbitrators)
$523,000
Tbe Missouri Pacific Railway Company has also purchased
coupons, as
97
For 102 q miles of steel rail replacements on Rio
Grande Div.
For filling in and replacement of trestles on Rio G. Di
v
For 6413 miles of steel replacements on Eastern Div
$297,578
100,000
187,728
Total
extrao’ary exp’tures on the three Div’s during 1884 $1,160,652
extraordinary expenditures, including 217G miles of
steel replacements on the three Divisions
during 1885
$819,776
For 19623 m. steel rail repl’m’ts on the three
Div’s dur’g 1S86
460,280
For 112*3 m. steel rail repl’m’ts on N.O.P. & R.G.
272,550
Div.dur’g ’87
For
Total
during the four
years.
$2,713,260
By divisions these expenditures would be:
For New Orleans Pacific Division
For Rio Grande Division
For the Eastern Division
$1,061,756
1,088,320
563,184
Total
$2,713,260
The officers in cl targe report that these
expenditures will raise
the New Orleans Pacific Division above the
high water of 1882
known); will fill in and permanently replace
three high trestles on the Rio Grande
follows:
Division; and will re-lay
with steel 715*£ miles of track,
Coupons maturing June 1, on $9,131,000 Texas & Pacific con¬
mking
in all 1,012 miles of
solidated mortgage bonds on tbe Eastern Divisit>n
273,930 steel track replacement, seventy per cent of the entire line, all
Coupons maturing July 1, on $6,720,000 New Orleans Pacific
thoroughly ballasted, and with an equipment of one hundred
first mortgage bonds
201,600 and
sixty-five locomotive engines, and 3,022 cars owned abso¬
Total coupons purchased
$475,530 lutely by the company, free and clear from all car trusts or
Tbe coupons so purchased -are held alwe and uncanceled under tbe
lien of tbe mortgage, but subject to redemption
by the Texas & Pacific
(the highest
ever
lien of the builders.
To provide for these
expenditures, and for the repair, con¬
struction, operation and equipment of the company’s road, it
is proposed that an issue of ‘ ‘ General
Mortgage and Terminal
Bonds” be made by the Texas & Pacific.
Railway Company, to
be secured upon the entire
property of the company, 1,487
miles of road, including the New Orleans Pacific
Division, and
the terminal properties in New Orleans owned
by the Texas &
Pacific Railway Company.
These bonds not to exceed in
amount $6,500,000, which will make the entire
mortgage in¬
debtedness (excluding the land grant and income
mortgage
$264,000 bonds) but $26,500 per mile of road, the yearly interest upon
90,000 which will be $1,590 per mile
per annum.
The mortgage
68,1 00
9s,000 security for these bonds can be made such as will, it is believed,
24,000 amply secure prompt payment of the principal of the bonds,
and of the
Railway Company at any time.
Tbe Texas & Pacific Railway Company also owes for
money
borrowed on its own obligations:..
$300,000
It appears, therefore, that on July 1,1884. the total floating
indebtedness of the Texas & Pacific Railway Company
was, exclusive of maturing interest aud taxes
$1,298,530
The assets of the company that can be used in
liquidating
this indebtedness, but which now,
owing to the condition of
the market, are unavailable, are reported as follows:
FLOATING ASSETS JULY
1, 1884.
Missouri Kansas & Texas general mortgage bonds
Consolidated mortgage Texas & Pacific Railway
bonds
Income and land grant Texas & Pacific bonds
'lexas & Pacific Railway Co. Rio Grande Division bonds
Dallas City bonds
Sherman 'Town bonds
Fordoclie & Gross-Tate Levee bonds
Interest scrip I. & L. G. bonds
Notes receivable for donated lands and town lots sold
70,000
acres
Town
14,380
122,000
Gordon Coal Mine, including six miles of track, cost
.
5,377 shares Texas & Pacific Company’s stock, received
from c ntractors in final settlement,
par value
Total available assets
(б) it will he a second mortgage on 336 miles of the New Orleans Pa¬
cific Railway, subject to a prior lien of
$20,0 )0 per mile of six per cent
first mortgage bonds already issued on that
property.
(c) It will be a Eecond mortgage on 521 miles of the Rio Grande Divis¬
ion, subject to a prior lien of $25,000 per mile of six
per cent first
537,700
$1,717,376
mortgage bonds.
(d) It will be a first lien
During the remainder of the year 1884 the fixed charged pay¬
ments of the company will mature as follows:
August 1,
coupons, $890,840; September 1, coupons, $119,070; December
1, coupons, $273,930; December 31, coupons, (payable January
1, 1885) $201,600—total, $985,540.
The net earnings from transportation
during five months
from August 1 to December 31,
accepting the traffic of last
year as the basis for our estimate, will give $903,700.
The net deficit in transportation
earnings proper during
1883 was $513,730, which was, however, reduced to
$174,409
by receipts of the company from sales of donated lands and
town lots, $163,937; by dividends
received, $61,017; from other
sources, $114,367; total, $339,321.
As the extraordinary expenses and loss of revenue on the
New Orleans Pacific Division
during the current year, by
reason of the break in track occasioned
by high water in
Louisiana, and by the Davis crevasse near New Orleans, will
be very heavy, it is not probable that the net revenue from
transportation during twelve months in 1884 will equal that of
1883, although otherwise the volume of business would un¬
doubtedly have been much larger; and it is upon its transporta¬
tion receipts that the company must, in the
future, mainly
rely to meet its fixed charges.
obligations of the
policy. The in¬
terest of all parties, especially that of the creditor
interest,
will be best promoted by the avoidance of such a
plan.
It is therefore proposed that the bonds be
disposed of as
follows
:
1. To holders of the
New Orleans Pacific Division Bonds, at
par, in
payment of one-half of each of nine coupons commencing
January 1st,
1885, and maturing half-yearly during four and one-half
years, the
other half coupon to bo paid as it matures in cash, $907,200.
2. To holders of the Texas & Pacific
Railway Company’s Rio Grande
Division bond*, at par, in payment of one-half of each of nine
coupons,
commencing August 1.T884, and maturing half-yearly thereafter dur¬
ing four and one-half years, the other half coupon to be paid in cash as
The receipts from transportation alone are reported
$7,045,652, or at the rate of $4,738 per mile of road oper¬
ated. The wTorking expenses were, however,
$5,397,678, which
at
as
cheaply
State, the net
its connecting properties located in
of the company would have
provided for all its fixed charges for interest, rentals, taxes,
etc., including seven per cent interest on the income and land
grant bonds, and left a surplus of from $300,000 to $600,000
for the shareholders. The Texas & Pacific
Railway is located
in a new and
rapidly-growing country, and it has already an
unusually large business that is naturally tributary to its line.
It is, however, very evident that while the
property is capable
of producing a
large and constantly increasing gross revenue,
before satisfactory net results can be obtained,
something
must be done to reduce the cost of
operation, and that can
only be accomplished by improving the condition of the road.
The following estimate of
extraordinary expenditures neces¬
sary to secure a more economical working of the company’s
property has been submitted by officers in charge. These esti¬
mates show that
during 1884 there should be expended upon
the property;
same
as
revenue
For extraordinary re; airs outlie New Orleans Pac.
Division,
for bridging Davis Civvasse and rais
ng track above high
water or 18S2 (the highest ever
known)
For 22-% miles of steel rail
replacements on N. O. P. Div
.
$509,361
65.985
Railway
company, would be an unwise and mistaken
operated.
been worked
the Texas & Pacific
The present mortgage liens (not
including the income and
land grant mortgage, limited to the Eastern
Division), on 1,487
miles of road, owned and controlled
by* the company, average
but $22,096 in all per mile of road.
The proposed issue of
$6,500,000 additional bonds will, when they are issued, bring
the mortgage indebtedness up to $26,500
per mile, upon which
the interest charge will be $1,590
per mile per annum.
To provide funds necessary for the
proposed expenditure by
sale at a heavy discount of these additional
The reports show a gross revenue from all sources for 1883
of $7,438,442, or a little more than
$5,000 per mile of road
the
on
Company’s
leasehold interest and joint ownership in 92 miles of road
between
Sierra Blanca and El Paso, which is held
subject to a rental charge of
$600 per mile aud < ne half cost of maintenance.
(c) It will be a lien on 532 miles of the Eastern Division,
to
prior liens of $25,000 per mile of six per cent bonds on 524subject
miles (no
bonds having been issued for eight miles on this
division); and also sub¬
ject to the land grant and income mo tgage.
if) It will be a first lien on the Gordon coal property,
including six
miles of branch track, which has cost the
company $140,000.
.
Railway could have
it shall mature from time to time.
$1,950,0 "0.
200,000
140,000
is at the rate of $3,630 per mile of road
operated, or 76-6 per
cent of the transportation receipts.
This showing of net
results is not satisfactory, and does not
compare favorably
with other roads. If the Texas & Pacific
as
(а) It will be a first mortgage on the terminal properties of the com¬
pany in New Orleans and Gouldsboro. a property that
has cost the
Texas & Pacific Company a very large sum, and is one that
cannot, in
the committee’s opinion, be duplicated for a much
larger sum than
130,000
unmortgaged lands, $3 50 yen acre, estimated.
lauds and
lot piopenies on line of road,
including
town lots in Fort Worth & El Paso, estimated
interest
18,396
10,400
it matures, $1,758,780.
3. To holders or the Texas & Pacific Consolidated Eastern
Division
bonds, at par, in payment of one-half of each coupon maturing December
‘
1884, June 1, 1885, December 1,1885, and June 1,1886, the other
halt coupon to he paid in cash as it matures, $547,860.
4. The remaining bonds to be issued for
equipment or for steel rails as
required, or for labor and material used iu extraordinary repairs and
improvements on the road, and to meet contingent expenses as author¬
ized
by the board.
It will, of course, be necessary to meet
promptly the current
interest on these general mortgage and terminal bonds after
they are sold ; but this will not be a heavy burden upon the
company, as under the proposed arrangement the interest on
the outstanding bonds, as
nearly as it can be estimated, will
be but $64,947 each six months
during the first year; $90,938
for each six months
during the second year ; $108,711 for each
six months during the third
year, and $126,484 for each six
months
during the fourth
year, to
half-yearly, after all the bonds shall
wise
disposed of.
*
be increased to $196,455
have been sold
or
#
•
other¬
*
*
*
In accordance with the foregoing
plan the holders of the
coupons maturing August 1, 1884, will receive, upon present¬
ing the same at the office of the Mercantile Trust Company,
120 Broadway, N. Y., one half of each
coupon in cash and
the other half in scrip, without
interest, convertible into the
general mortgage and terminal bonds of the company, at
par
THE
98
4
hundred dollars (.$500) on demand. The gen¬
eral mortgage and terminal bonds will carry interest from Oc¬
tober 1st, 1884, at six per cent per annum, payable semi-an¬
nually on the first of April and 1st of October, and will be
issued in exchange for the scrip with the maturing coupon
in sums of
five
attached
& Pacific Railway Co.,
Jay Gould, President.
New York, July 20th, 1884.
P. S:—In presenting the coupons
in accordance with the
there
of tlie Toledo Peoiia & Western Rail¬
bonds not having been paid r
bonds hereby request you to take tlie
eailiest possible moment, to enforce the
“
Tlie coupons due .1 uly 2, 1834,
road Company of Illinois first mortgage
the undersigned holders of said
necessary legal measures, at the
rights ot the holders of said
demnify you for all proper
you may
■
The Texas
rvoL. xxxix.
CHRONICLE.
bonds, and they promise and engage to in¬
and nece>sary expenditures and
have to incur iu the course of said proceedings.”
By the terms of
the mortgage, which are
liabilities
included in the
of $500,000 of the bonds have a right after
default for thirty days to ask for possession of the road.
The
Trustees have the right to take possession.
They can, if they
desire, appoint a receiver, and the Court must confirm him if
lease, the holders
he is a proper person.
foregoing plan, the bonds must also be presented, that
The holders of second mortgage bonds,
under a plan for the absorption of the road by tlie Wabash,
may be stamped thereon the holder's assent to the
Toledo Ann Arbor & Grand Trunk.—This road, which ex¬ were allowed to transfer their bonds for Wabash preferred
tends from Toledo northwardly to South Lvon, where it joins stock. A considerable number of the bonds were transferred,
The
and those bonds are no longer a lien on the road.
the Air Line Division of the Grand Trunk, is to be consoli¬
bondholders
who
have
already
signed
to
more
than
the
amount
dated with the North Michigan road, which is completed to a
of $500,000, cannot, of course, move to obtain possession of the
point about 80 miles notheastwardly from South
will thereafter be known as the Toledo Ann Arbor & North road until the 30 days are up. The main line.of the road runs
from the Indiana State line to Warsaw, Ill., a distance of 227
Michigan. It is the intention of the owners to build the
miles.
There is a branch from La Harpe, Ill., to Burlington,
on northeastwardly to Frankfort, on the shores of Lake Mich¬
la., 1934 miles long.
igan.
—An Indianapolis special says: “There is authority that the
Toledo Cincinnati & St. Louis.—The Iron Division and
Indianapolis Peru & Chicago Division of the Wabash will
Southeastern Division committees have taken possession of
drop back into the hands of the management of 1880, Sept.
their respective roads.
Secretary J. M. Prendergast of
1.
Delay is due to the advice of attorneys of William Cutting
latter makes formal announcement of this fact by a circular,
of New York, the party most largely interested in the prop¬
which says:
erty under lease. September 1, without further litigation, the
“Your committee are happy to be able to inf >rra you that they were
road becomes the property of the bondholders.
There is a
given possession of the property on the 19tli inst., on the payment of
possibility
be
who are
that
a
syndicate
will
formed
of
persons
$20,000, which they advanced personally. They are taking steps to
on the line and interested in its prosperity.
The bondholders
Rave tbe road operated economically and on a business-like basis. Tlie
prior liens, which mud be paid off at once, are to be taken care of by of the Chicago Louisville & Cincinnati Division of the India¬
the 5 per cent assessment levied on your bonds. This must be prompt¬
ly attended to. '1 he United States Court will not he inclined to giant napolis Peru & Chicago are talking of forcing matters to a
close at once.”
grace in such matters, and you are advised, for your own f-akes,to
immediately pay the ass> ssment to the Intel national Trust Company.
80 that a clear title n ay be obtained aDd a vigorous management insti¬
Wheeling k Lake Erie.—Suit has been begun against this
tuted. According to tlie testimony of reliable railroad experts you have
company for tlie foreclosure of the first mortgage, and a re¬
a valuable property, and if you sustain your committee in their endeav¬
ceiver has been appointed.
Mr. M. S. Woodford, General
ors, they have reason to believe that you will be ph ased with the results.
When you rem’t for j our assessments, be sure to send your bond certifi¬
Manager of the road, has been appointed to that position. The
cates, that they' maybe stamped ‘assessment paid.’ The temporary
receipts given to those who made early payment can now be exchanged present suit results from tlie financial difficulties of Commo¬
dore Garrison, avIio owned nearly all the stock of the com¬
at the International Trust Company for the ‘assessment scrip*.”
The road extends from Toledo, Ohio, to Valley Junc¬
The attorney for the bondholders of the Avondale Division pany.
of the T. C. & St. L. road, now in Cincinnati, says there is no tion, a distance of 157 miles; it was only completed last year.
foundation for the. assertion that these bonds would be The first mortgage bonds amount to $3,500,000.
assessed 10 per cent.
Wisconsin Central.—The report to the trustees of the 'Wis¬
—The Boston Advertiser reports: “The announcement that
consin Central Railroad by their agent, Charles L. Colby, for
Receiver Craig had resigned was partially a mistake. He re¬ the
year ended Dec. 31, 1883, bears date of May 29, and covers
signed control of the four divisions which were sold, as a mat¬ operations only, the financial and corporate reorganization not
ter of course, and of the Cincinnati Northern, because it was
being, the report says, fully completed. The Boston Herald
then
plan.
Lyon, and
road
the
beyond liis convenient reach, his office being in Toledo. gave the following abstract: “The road suffered from the prev¬
in charge from Toledo to St. Louis. George alence of
very low lumber rates and from new lines built into
Hafer, a Cincinnati bondholdher, was appointed receiver the territory, being compelled to reduce rates so that the net
of the Cincinnati Northern division, notwithstanding a spir¬ revenue above bonded interest is small. The financial troubles
ited opposition by the Netter party.
Mr. Albert Netter which befell'the Northern Pacific and Oregon & Trans-Conti¬
accepted the situation and said his party would try to harmon¬ nental companies, delaying the construction of contemplated
ize with the other.
This division will probably be sold Sept. lines from
Superior to Ashland and from St. Paul to Chippewa
15, and if the Netter and Hafer bondholders can unite, they Falls, also deprived the company of increased revenue, and
will buy it.”
made the outlay in anticipation of connection with them of
—The Lake Erie & Western dealers attribute the recent move¬
little present avail.
There is assurance that the Northern
ment in the stock to the* fact that the Quigley party, which
Pacific will build to Ashland this year. The Wisconsin Cent¬
secured control of the principal division of the Toledo Cincin- ral is declared to be in better condition for business, and the
natti & St. Louis Railroad Company, are in friendly relations
capacity better than ever before. Tlie lease of the
with the former.
It is proposed to make the Toledo Cincin¬ earning
Milwaukee & Lake Winnebago is estimated to yield $58,171
nati & St. Louis a standard-gauge road, and connect it with
the first year, and justifies the termination of the lease of the
the Lake Erie at Frankfort, thus giving the Nickel-Plate and
Milwaukee & Northern. The company lias, been able to nego¬
Lake Shore important and profitable connections to St. Louis.
tiate a permanent lease of its rolling stock at a reduced rental.
Union Pacific.—The statement of gross and net earnings The operations of the road and leased lines were:
for May is more favorable than any previous month of this
1883.
1S82.
.lac. or Dec.
Gross
earnings
$1,447,798
$l,3SS,4.->0
’Im; .^59,303
year in showing a smaller decrease in net earnings compared
973,732
882.902
Inc. 90,830
Operating expenses
with the corresponding month of 1883:
taxes
3-3 ,405
253,120
car service
Inc. 9s,237
Fire Mos. to May 31.— -Rentals,
May.
.
Balance
122.860
252.467
Dec.129.H03
1883.
1884.
1884.
1883.
67*26
1
63*5.8
Inc.
3 65
Gross earnings.. $2,112,342
$2,351,012
$9,305,895 $10,896,125 Per cent of expenses.:
Tlie
increased expenses were in repairs and roadway, iu
Op. expenses
1,169,887
1,223,097
0,0 )7,828
5,425,204
Net earnings...
$942,175 $1,127,315
$3,243,067
$3,270,921 conductors and trainmen, in agents and stations, in fuel and
in advertising, and in outside agencies.
The decrease in earn¬
The comparative losses in each month since Jan 1 have
ings
was wholly in freight.
The
substitution
of steel for iron
been as follows:
Net.
Gross.
rails continues, and not less than 2,000 tons of steel will be
January, decrease
$377,946
$66 1,189 needed this year.” * * * “The land sales of the year were
318,8i9 15,420C;> acres, for $67,247, 320 town lots for $12,300, and
February, decrease..
l25,2.-»5
Mareli, decrease
419,044
527,91 i 103,307~M stumpage for $1 64 per M. Tlie total of sales to the
April, decrease
2 <4.31*2
332,093 end of the year were 140,897*69 acres of land for $432,555,
May, decrease
I8i,840
233,8.0
1,257 town lots and 19 blocks for $42,903, 390,347 M pine
To al decrease
$2,027,854 stumpage for $623,089; total, $1,098,548. Tlie face value of
$1,395,229
Wabash St. Louis & Pacific—Toledo Peoria & Western outstanding land contracts Jan. 1, 1884, exclusive of interest
—Indianapolis Pe:u & Chicago.—The holders of the first due and accrued, was $102,137. The net acres received under
mortgage bonds of the Toledo Peoria &: Western Railroad patent were 643,540*07. Tlie financial condition of tlie prop¬
Company have been requested to call at the office of Moran erty is, of course, not apparent from the above.”
Brothers. No. 68 William Street, “to take prompt measures to
protect their interests.” The road is leased to the Wabash St.
—Attention is called to the card of the Phenix Fire Insurance
Louis & Pacific for 49 years 6 months and 24 days,, from May
22, 1880. Tlie rental is 30 per cent of the gross earnings, or, Company in to-day’s Chronicle. This is one of the oldest and
in any event, a minimum sufficient to pay the interest on the largest companies of its kind in the State, being managed by
Nortvithstanding
first mortgage bonds amounting to $4,500,000, at the rate of 7 energetic and experienced insurance men.
the dull condition of trade and the occurrence of several fires
per cent per annum.
Tlie Wabash defaulted on the quarterly
interest due July.l. Mr. Qharles Moran said to a Times almost daily, the Phenix shows a large surplus in its statement
reporter: “We are determined, if the gentlemen managing just published for tlie first half of the present year.
the Wabash say our road can't earn the interest, to take it out
—Tlie Ontario Silver Mining Co. of Utah has declared its
of their hands and make it earn it.”
The following communi¬
usual dividend of $75,000 (for June), payable at the company's
cation, addressed to Phiilip Henry Brown, Robert C. Martin
office, San Francisco, or by Messrs. Lounsbery & Haggin,
and John Preston, trustees of the first mortgage, was in Mr.
transfer agents, 15 Broad Street.
Morau’s office for the signatures of holders of the bonds:
He remains
,
“
'
'
July
THE
1884.]
CHRONICLE.
99
The Commercial 'igimies.
COMMERCIAL
COTTON.
Friday, P. M., July 25, 1884.
The Movement of the Crop, as indicated
by our telegrams
from the South to-night, is
given below. For the week ending
this evening (July 251, the total
-EPITOME.
Friday Might,
receipts have reached 2,800
bales, against 3,810 bales last ’week, 7,578 bales the previous
week and 4,655 bales three weeks since;
making the total
receipts since the 1st of September, 1883, 4,801,484 bales, against
5,933,490 bales for the same period of 1882-83, showing a
decrease since September 1, 1883, of 1,132,003 bales.
July 25, 1884.
Failures of
provincial banks, bankers, and merchants in various
departments of trade, have been numerous this week, and in
the aggregate quite important.
Leading manufacturing cor¬
porations have suspended, under financial embarrassment; the
labor troubles have culminated in strikes of more or less
Receipts at—
sig¬
nificance, and the active opening of autumn trade is still Galveston
delayed. But a buoyant market on the Stock Exchange has
Indianola, Ac.
helped to restore speculative confidence, and values have lat¬ New Orleans...
Mobile
terly shown strength.
Florida
Lard futures were depressed
early in the week, and though Savannah
firmer to-day have not fully recovered,
Brunsw’k, Ac.
closing steady at 7*2Gc.
for August, 7*39c. for September and 7’49c. for
Charleston
October, and
Pt. Royal, Ac.
spot lard at 7 15c. for prime city, 7’30c. for prime Western
Wilmington
and 7 ’GOc. for refined for the Continent. Pork is firm at
$16@
Moreh’d C.,Ac*
$17 for old and new mess. Bacon is nominal at 9}^@9^c. for Norfolk
West Point, Ac
long clear. Cutmeats have been more active, at very full
New York
prices; pickled bellies7fa@8c., shoulders 7}£@7^c. and hams
Boston
12%@13c. Dressed hogs are lower in the range of 6?;*(a) 7*£c. Baltimore
Beef of all kinds quiet and
unchanged, but beef hams are Philadelp’a, &c.
dearer at $30 per bbl.
Stearine is quoted at 9/14'@9?gC., and
Totals this week
oleomargarine at.ll^c. Tallow quiet at 6 3-16c. Butter has
>Sfal.
Mon.
1883-84
Lard, lbs
and
Total lbs
447,410,321
530,005,763 Dcc.S2,594,942
The grocery market has been slightly unsettled. Coffees
have looked weak on the spot, while the
speculative feeling,
in
Total.
4
37
16
15
3
77
22
321
51
74
31
271
770
1
12
2
61
10
86
5
5
53
184
'
3
1
...
....
....
51
1
0
....
15
....
•
•
r
•
•••
•
2$
81
•
•
•
....
•
1
.
....
14
....
....
77
....
....
1
....
84
....
8
3
....
....
45
....
5
....
....
92
221
....
m
m
m
215
245
59
632
400
400
32
86
1.087
2 800
•
12
12
20
132
54
....
....
....
....
18«
531
287
517
187
133
1883-84.
1882-83.
■
Fri.
189
99
.
*
$
following table showing the week’s
receipts, the total since Sept.l, 1883, and the stock to-night,
the same items for the corresponding periods of last
year.
Receipts to
July 25.
34,138.600 Doc. 5,417,600
30-.699,108 Dec 40,940,214
193.118,055 Dec.3d,237,128
Thiers.
total
July 19:
28,771,000
261,758,894
156,88c,927
Wed.
For comparison, we give the
been more active, and closes firmer at 16@23c. for
creamery
and 9@13c. for Western factory.
Cheese is also dearer, with
a better
export business, at G@10c. for State factory. Eggs
lower at 1S@ 19c.
The following is a comparative summary
of the aggregate exports from November 1 to
Pork. Ib9
Bacon, lbs
Tues.
2
....
r
m
] 882-83.
SLOCK.
This
Since Sep.
This
Week.
Since Sep.
1,1883.
Week.
1,1882.
Galveston
77
Indianola,Ac.
NewOrleanp...
591,445
3,627
S37.334
8,475
43
16.931
......
770 1,514 201
86
253,229
Mobile
Florida
5
2,145 1,662,934
250
42,899
2
311,131
18,444
810,510
5,508
1884.
1883.
1 539
10,137
......
37.373
SO 621
3,650
5,261
......
......
184
sympathy with the advances in Havre, has been the other 3avannah
160
654,145
393
2.750
Raw sugars have been quiet, and not until to-day did
way.
Brunew’k, Ao
8,034
options show any indications of a reccver\r. Molasses, in view Charleston
77
417.452
179
565,799
1,400
2 436
of the small offerings, has been held
Pt. Royal, Ac.
13,705
quite firmly. To-day
21,601
there was a break in Rio coffee on the Street to
5
9
91,758
9/3 c. for fair Wilmington.....
127,291
779
1,241
cargoes ; options, however, advanced five points arid closed :
M’head C.,Ac
12,658
5
19,512
August. 8*05@8T0c.; September, 8T0@8*15c.; October, 8 20@ Norfolk
221
841
579,926
797,789
1,901 19,043
8-25c.; November, 8*25@8*30c.; December, 8*25@S’30c.; Jan¬
West Point, Ac
245
222.245
100
227.646
uary, 8’30(®y-40c.; February. 8*35@8,45c.
In mild grades New York
12
103,149
23
137,862
172,691 172.625
little of importance has been done. Molasses closed firm
Boston
with
632
185.467
233
6 310
190,659
6.230
18@1S^jC.
asked for 50-test boiling grades. Rice has had the Baltimore
400
29,322
600
67,910
1,978
15,805
usual jobbing movement.
Riw sugars closed almost nominal Philadelp’a,Ac.
86
67,821
76
111,570
5.763
7,691
on the
spot at 5@5^£c.‘ for fair to good refining Cuba. Options
Total
2,S00
4,801,481
improved a trifle, and September sold at 4,95@4,97j^c., Octo¬
5,296i5,933.49(
235 605 322 022
ber at 5*15c. and December at
In order that comparison
5*27^@5'35c. Refined has de¬
may be made with other years, we
clined, and to-night hards are 658@71^c., and standard *‘A” give below the totals at
leading ports for six seasons.
......
......
......
......
......
1
1
Kentucky tobacco
;ifj
1884.
1883.
1882.
the spot has had a limited movement Receipts at—
1881.
1830.
1879.
export and consumption, but all figures remain Galvest’n.Ac.
77
3,670
184
1,744
689
572
steady at 7^8c. for lugs and 8,l|@10o. for leaf.
I11 a New Orleans.
770
675
2,145
3,985
250
2,432
speculative way there has been some littie business, and Mobile
86
250
239
974
445
72
to-day August sold at 7 3-16c., October at 7%c. and November Savannah....
134
160
220
at 75gC.
1,700
512
280
Seed leaf lias been moderately active, the sales of
LiiarPst’n, Ac
77
179
151
453
the week embracing 350 cases
1,473
37
Pennsylvania, 1881-82 crops, at Wilm’gt’n, Ae
5
14
26
166
79
5@25c.; 200 cases do., 1883 crop, 9@ll^c.; 100 cases New
31
Norfolk, Ae..
466
914
1.463
2,023
England, 1883 crop, private terms; 300 ca^es Wisconsin, 411
2,078
135
others....
G34
1,135
3 198
Havana seed, 1883 crop, private terms,
5,101
3,100
1,076
and 58 cases Ohio, 1880
crop, private terms; also 200 bales Havana, 80@$1 15, and 70J
Tot. this w’k.
2,800
6 1.-6
8,296
16.151
10,859
2,503
bales Sumatra, $1 30@$1 90.
Since Bent. 1. 4 801,48093
Iu naval stores an
L490l4«34.9ffl
57.57,559 4890 902 4436.156
improved tone has been developed by the
ILLlUctliUld
CUdnCD lUU lUUl UUbO xOTt
strong Southern advices and the curtailed condition of the
J
Wilmingtoninoludes Morehead City, Ac.: Norfolk includes
stocks here; spirits turpentine closed
City Point, Ac
to-night
firm
at
33^c.
The exports for the week
on the
ending this evening reach a total
spot, and strained to good strained rosins at $1 22}£@
of
20,572 bales, of which 17,440 were to Great
$1 27}/2< Refined petroleum for export lias
Britain, 940
declined, even to France and 2,192 to the rest of
in the face of higher
the Continent, while the
figures for crude,and strong cable ad¬ stocks as
made
up this evening are now 235,605 bales.
vices; to-day 70 abel test was quoted at a decline to 7%c., and
Below
are the exports for the week and
better sales were the result.
since September 1, 1883.
Crude certificates have had a
both
on
for
\JOilVCOtUU
manipulated boom, and although the developments in the
Ward well Ferry District have been such as to
warrant the
belief in lower figured, the market
to-day was pushed up from
64}^c. to 65/yC., and the final figures were
All
metals have been quiet, and steel rails can
.now be’ had at
$27 at the mills. Hops are not very
steady, the best 1883's
selling at 28@30c. Oils and wool very quiet.
The business in ocean
freight-room has been sensibly im¬
proved by the large number of steamers chartered to load
grain at Philadelphia and Baltimore. All rates have been
steady, apd although the business in oil vessels has fallen off
somewhat, the general feeling is now quite steady. To-day
grain was taken to Liverpool bv steam at 4?±d.; do. to Glas¬
gow, 4d.; do. to Avonmouth, 5%; bacon to
Hull, 32s. 6 i.;
grain to Antwerp quoted 53^d.; crude petroleum from Phila¬
delphia by steamer to the Adriatic, 4s.@4s. l^d.; refined in
oases
hence to the Levant, 22c.; grain
by steamer from Balti¬
Cork, for orders, 4s. 1J£<d.; do. from
more to
Lisbon,
4s, 6d.
Philadephia to
1UL1UUOO
,
Week Ending
July 25
From Sept. 1.1883. tc July 25. Ic64.
Exported to—
Exported to—
Exports
Great
from—
Brit'n.'^rance
Conti¬
Total
nent.
Week.
Britain'frar.ee
3,0 c 4
231.849 j 34.760
777.820 Sfcl.l3t3
l&lveston
New Orleans..
2,‘.60
674
150
Mobile
50.157
Florida
153,610
111.219
New York
..
13,436
24,497
43.413
Norfolk*
233.922
20:
...
2,042
...
3 tltimore....
13.2-17
1,297
444.07$
1.977
115,589
92?
104 e8'3
Palla' elp’a.&c
Tt tal........
17,440
Total 1 £82-83
O.AS
*
Continent.
940
2,9341
30 455
111 234
1,898
!
Tot*.
84,173
370.791
877,962 1,413.938
1,380
57.537
3.704
Savannah
Charleston *...
Wilmington..
Boston
Great
188.717
138,00$
3.829
20,398
3,704
357,799
273.784
10 i 153
562 6S3
4.621
115.858
57,126
174,313
3,038
108 327
2,192
26,572 2,429,320 4e0.;88
918,i81 3.813,789
1.959
14 348.2 832.949 422 9 9
L801.O32 4 818.930
Incudes exports from Port Royal, &c.
t Includes exports from West Point, &c.
Mi
47,243
274,510
m
[Vou XXIIX
CHRONICLE.
THE
100
In addition to
above exports, our
telegrams to-night also giire
<T>
shipboard, not cleared,
similar figures for New York,
by Messrs. Carey, Yale
July 25, ax-
Oreal
Britain.
79
None.
None.
No <e.
New Orleans...
Mobile
Charleston ....
Savannah
Galveston
Norfolk
New York
Other ports
Nunc.
None.
3,500
2,200
Total 1883
Total 1882
11,067
....
week for cotton for
been
None.
None.
2, KO
None.
None.
343
CO
M
857
5,900
2,200
166,791
14,458
1,182
150
1,744
17.243
701,779
2.850
200
6,161
193,150
unsettled and irregular
g!
unfavorably con
owing to
On Monday
%
MO
®
CO © CO
~s
Vi
6
tt-C'
s
O
o
1
i
?S
a«
-4
I
'
83*
Ordin’/.#tt>
Strict Ord.. 9*16
Good Ord.. 10
Str.G’d Ord 103s
Low Midd’g 10®8
93is
93,«
10
103s
1058
9713
103s
lOOg
Str.L’wMid 101316 101316 1013,6 in™
Middling...
11
Good Mid.. 11^
Str.G’d Mid 1112
Midd’g Fair 1178
1258
Fair
Wed
8\
Strict Ord.. 93ig
Good Ord.. 10
Str. G’d Ord 1038
Low Midd’g 10*8
Ordln’y.#Ib
11^2
11*2
11 78
11
78
1114
11*2
list
12*8
125s
125b
1278
11
11
11^4
11*4
Til.
Wed
Frl.
844
8%
9
93ie
93',g
97,8
10
10
103s
10 ^8
1038
10*4
10 5$
1078
105s
Sfcr.L’wMid 10l3ie 1013ie lOiSic-iUie
Middling...
n
Good Mid.. 11*4
Str. G’d Mid 11^
Midd'g Fair 11"«
125s
Fair
97] 6
10*4
1 0 5q
IO^s
1U,6
11'lK
11*4
11*2
11%
12*8
127e
1278
1278
1278
Tb.
9
97] 6
10*4
105s
1078
Wed
Fri.
97'ig
10 70
127«
127s
Sat.
lUlG
1^4
11*2
11%
11 *4
11*2
11%
12*8
1 278
I2*«
l‘-78
1Ho» Tne-? Wed
10*4
IOSq
11*4
11*2
1^78
It.
Good Ordinary....
Btriot Good Ordinary
Middling
Middling
838
83s
9*16
9hG
9Iig
97e
97e
Low
..
10*2
.
MARKET AND
978
10*2
10*2
83s
9*ig
978
10*2
83b
9‘ir,
9Mg
978
978
10*2
10*2
during the
the con¬
shows at a
glance how the market
closed on same days.
SALES OF SPOT
SPOT MARKET
CLOSED.
Firm
Bat
Mon
Steady
Tues. Quiet.
Wed (Easy
Thurs Easy
Fri. :Firm
..
.
.
.
Ex-
port.
A*iL> TRANSIT.
j Spec- Tran\gump\urVn sit.
S (Jon-
700;
410
2,300
1,200
500
1,062
Total.
FUTURES.
Sales.
Delir
erie>
460
95:
1,160
22,000
200
505
28.1 (*0
300
565'
2,806
300
718
5 JO
60s
1,918
1,000
50.600
40.200
1,700
46,700
73.600
200
300
300
9,149 262.200 1,600
6.172 2,977
The daily deliveries given above are actually delivered the day
previous to that on which they are reported.
The Sales and Prices of Futures are shown by the follow¬
Total.!
ing comprehensive table. In the statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales.
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SALES.
The total sales and future deliveries each day
For
week are indicated in the following statement.
venience of the reader we also add a column which
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The export demand has fallen
have continued to be slow7 buyers. The
recent rapid reduction of stocks did not seem to have strength¬
ened the views of holders until yesterday, when there w as a
firmer feeling.
To-day business wras quiet and prices un¬
changed, middling uplands closing at 11c.
The total sales for forward delivery for the week are 262,200
bales. For immediate delivery the total sales foot up this w7eek
9,149 bales, including 6,172 for export, 2,977 for consumption,
for speculation and — in transit.
Of the above, — bales
were to arrive.
The following are the official quotations for
each day of the past week.
Sat.
t-1
1 ©to:
comparatively quiet.
July 19 to
July 25.
J&.
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off, and home spinners
NEW ORLEANS.
M
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03
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opening was weak under the appearance of many notices for
deliver}7 on August contracts, but as these were readily ab¬
sorbed an advance set in which showed decided buoyancy in
the later dealings. As compared with last Friday the latest
figures are 8@*10 points dearer for this crop and September,
and 14@ 15 points dearer for the next. Cotton on the spot has
UPLANDS.
oo
oo
©
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the next
dearer.
under the return of
better weather at the South and weak foreign advices.
But
on Wednesday the next crop was more active and slightly
dearer, on reports that a case of yellow fever had occurred at
New Orleans. Houston reported the receipt of a bale of new
cotton. Yesterday there was a demand to cover contracts which
caused a general advance and a steady closing. To-day the
bas been
®
c: co
fluctuated
Foreign markets have
©M3
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Of
M
and the weather reports in some cases were
strued. On Saturday prices were slightly better,
the renewal of rains east of the Mississippi River.
the early months closed lower, while
crop was
On Tuesday a general decline took place,
TC
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p
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•
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200
©
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and the speculation has
future delivery,
comparatively slow.
26,
go
•
“It**1
•
ci-e-t
•
:
•s
©
s
market the past
ft
g. 2?
•
2,950
ft
© •
1C
225,546
10,059
907
^
o
9- M
*
& W
1,539
1,044
«
a
c*-.z
SHE*
£-g
go¬
es S - ft
£•§$»
g ® ® ft
J" ® ■*.'-<!
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go e-f*
to
O'I
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2,400
a ■
*3
g:
£
® ®
* ®
K)
None.
None.
50
None.
50
None.
8 7
None.
3 s?
36.321
3,650
1.400
1,052
None.
Noiie.
None.
None.
None.
None.
None.
973
2 961
There has been an
Foreign
rj
Total.
B
-r..
i
Leavim
Stock
ega?
S5‘© A- s's.ag
ci *
S’® ® ©
.
X
5
(t ®
S O
-•re !r^
P OD'*
%
p
®
5*
or
Coast¬
wise.
Other
973
None.
None.
None.
None.
None.
None.
None.
5,779
1884
Totai
France.
*
P {H
cs cr
®
Shipboard, not clearedr—j
On
Ct'Di
5T3 sa
Srag-E;
^
MJ
the following amounts of cotton on
at the ports named.
We add
which are prepared for our special use
& Lambert, S(J Broad Street.
us
rr n
cr
Ox®
cc
s
~
m -j
76,200; Septem*
for November,
199,s00; Sep< ember December, for December, 869,5000; September*
January, for January, 2,8 L7,900; September-February, for February,
3,780,800; September-Marcb, for Mareb, 2.309,800; Beptember-Apnl,
for April, 1,989,900; Septcmber-May, for May, 2,362,200; SeptemberJuue. for June, 2,183,600.
We have included in the above table, and shall comiQue each
week to yive, the average price of futures each day for each month. It
will be found under each day following the abbreviation “ Aver.” The
average for each mouth for the week is also giveu at bottom of table.
Transferable Orders—Saturday, ll*05c.; Monday, ll-Ooc.; Tuesday*
10 95c.; Wednesday, 10-95c.; Thursday, ll-05c.; Friday, ll*15c.
The following exchanges have been made during the week:
Includes sales in September, 1883, for September,
ber-October. for October, 338,600; Scptember-November.
*
•44 pd. to exch. 200 Oct. for Aug.
500 Nov. for Dec.—even.
•38 pd. to exch. 200 Oct. for Aug.
•36 pd. to excli. 2,400 Oct. for Aug.
•12 pd. to exch. 500 Aug.
for no notice.
•15 pd. to exch. 100 Nov. for
•34 pd. to exch. 500 Oct. for Aug
*04 pd. to exch. 200 Sept, for Aug.
regular
Oct.
200 Nov,, for Dec.—even.
•32 pd. to exch. 300 Oct.
for Aug.
exch. 300 Nov. for Au£.
*03
exch. 1.000 S-*p. for Aug.
•33
exch. 400 Oct for Aug.
*01
exch. 300 Nov. for Dec.
*29 i>d. to exch. 100 Ocf. for Sept.
•51 pd. to exch. 1,100 D c. for Aug
*07 pd. to excli. 700 Sept, for Aug.
*46
pd.
pd.
pd.
pd.
to
to
to
to
THE
JtTLY 26. 1884.)
CHRONICLE.
The Visible Supply of Cotton to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat, are this week’s returns,
and consequently all the European figures are brought down
Thursday evening. But to make the totals the complete
figures for to-night (July 25), we add the item of exports from
the United States, including in it the exports of Friday only.
to
1834.
Btoek at Liverpool
Stock at London
bales
1883.
1832.
1881.
832,000
53,000
955,000
44,700
736.000
780,000
72,500
43,300
855,000
999,700
3,800
48,700
34,<>00
2,300
8,500
808,500
2,600
21,300
823,300
bales less than at the same
the same towns have been
period last year. The receipts at
4,403 bales less than the same week
and since September 1 the receipts at all the towns
last year,
715,374 bales less than for the
are
.
6,200
69,200
50,000
900
3,400
210,000
6,000
127,000
9,900
71,000
70,000
11,000
"
439,700
337,200
21,083
18,000
322,022
53,033
9,000
410
32.000
235,605
Stock in United States ports
8tock in U. 8. interior towns..
..
United States exports to-day..
Total visible
supplj'
4;800
36,600
12.] 00
5,000
6,600
7,300
218,200
Total European stocks
1,324,700 1,330,000
India cotton afloat for Europe
215,000
265,000
Amer’n cott’n afloat for Eur’pe
68.000
69,000
Egypt,Brazil,&c.,aflt for E’r’pe
2.500
19 3,00(1
135,000
1,100
22,000
18,000
14,000
13,000
Total Continental stocks
13,800
1,9 JO
1.300
350,320
1,020,700 1,173,020
32-\000
280,000
62,000
169,000
21.000
17,000
199,31)
23,044
3,100
257,759
40,926
6,200
1,905,338 2,064,365 1,637,153 1,944,505
Of the above, the totals of American find other descriptions are as follows:
American—
Liverpool stock....
bales
Continental stocks
American afloat for Europe...
United States stock
United States interior stocks..
United States exports to-day..
514,000
267,000
68,000
697,000
211,000
69,000
322,022
53,033
426.000
410
75,000
62,000
199,311
23,044
3,100
1 ,114,6S8
1,352,465
788,455
Liverpool stock
318,000
London stock
Continental stocks
India afloat for Europe
258,000
53,000
172,700
44.700
126,200
310,000
72,500
215,000
32,000
265,000
18,000
Total American
East Indian, Brazil, dc.—
235,605
21,083
9,000
Egypt, Brazil, <tec., afloat
597,000
248,000
169.000
257.759
40,926
6.200
ending
July 25.
CLOSING quotations for middling cotton
Galveston....
New Orleans.
Mobile
Savannah/...
Charleston...
Wilmingtou..
Norfolk
Boston
Baltimore
Philadelphia.
Augusta
Memphis..
Total visible
Price Mid. Upl.,
The
supply
Liverpool
868,700
625,620
738,453 1,318.835
1,905,338 2,0(54,365 1,657,155 1,944.505
6'4d.
57n.d.
71iid.
6i 3 led.
At the Interior Towns the movement—that is the
receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1882-83—is set out in detail in the following statement.
©
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51,730 25,413 50,897 35,1 7 17,015 3 ,570 15,675
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Wednes.
i()34
101%6
10%
10%
101316
10i3le
Thurs.
10%
11
10%
10%
11
11
10%
10%
11%
10%
10%
11%
10%
10%
11
11%
11
11
11%
10%
11%
10%
11%
10%
11
11
10%
on—
Fri.
10%
1O1310
10%
10
11
10 %
10%
10%
10%
11
11
10%
10%
11%
11
10%
10%
11%
11
11%
10%
11%
10%
11
11 34
10%
11%
11
11
10%
10%
10%
11
10 %
11
11
11
11
10%
11
10%
10%
11
10% 311 10%'711 10%S>11
11
10%S11
10%®11
Plantations.—The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the outports are some¬
times misleading, as they are made up more largely one
year
than another at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland
receipts or
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the
outports.
the
Week
eiuling-
Receipts at the Ports.
“
St’k at Interior Towns.
1882.
1883.
1884.
9-
25.8S1
50.575
15.657 127.630 147.942
16.
20.861
43.976
8.691 115,435 133,872
18e2.
“
23
13.931
.38.539
5,863 101.0 8
“
30
15.950
30.426
8.129
June
93,5-5
6
15.621
25,456
13
13.658
21.573
12,534
8,109
“
20.
13.-H9
12.393
4,7^5
“
27
9,238
1
5.612
3
9,586
8.142
',497
11,9.4
4,^55
11.024
7.5 (8
42.84 J
35.454
9,20,s,
3,810
8 296
2>0
“
July
“
11
“
IS
“
9,150
«, 126
i
83.391,
1883.
Rec'pts from, Plant 't>»
1884
1882
1883.
1884
81,235
10,184
8,669
34,134
14,0-3
3,281
75,822
125,565 -70,523
114,679 64,174
105,926 56,109
98,763 50,355
88.210 45,934
79,509 39,547
74,617! 37,523
2,564
29,905
30,233
5,517
19,540
5,433
2.672
1,051
2,012
16,703
14,410
1,872
2,766
7,052
31,941
753
5.13J,
31 622 • 61.239
28,24:
65.629: 25,130
5,318
2S.276
2.780
4.*85j
32.40v
59,530
50,417
08.762
175
5.6S6
564
1,780
4,519
2,055
S04
|
1 c80
1.996
113
....
The above statement shows—1. That the total receipts from
the plantations since September 1, 1883, were 4,777,458 bales;
in 1882-83 were 5,978,034 bales; in 1881-82 were 4,637,842 bales.
2.—That, although the receipts at the outports the past week
2,800 bales, the actual movement from plantations was
only — bales, the balance being taken from the stocks at
the interior towns.
Last year the receipts from the plantations
for the same week were 5,686 bales and for 1882 they were
2,780 bales.
Amount of Cotton in Sight July -25.—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
snbstantially the amount of cotton now in sight.
were
|
1882-83.
| 1881-82.
1880-81.
Receipts at the ports to July 25 4.S01.4S4 5,933,490 4,654,991 5,757,oo 8
Interior stocks on July 25 in
excess of September 1_
*24,026
45,144
*17,149
19,439
Tot. receipts from plantat’ns 4,777,458 5,978,634 4,637,842 5,776,997
Net overland to July 1
573,605
637,698
464,336
509,799
%
Southern consumpfc’n to July 1
Total in sight
292,000
318,000
229,000
195,000
5,643,063 6,934,332 5,331,178 6,481,796
July 25
Decrease from September 1.
It will be seen by the anove that the decrease in amount in sight
to-night, as compared with last year, is 1,291,269 bales, the increase as
compared with 1881-82 is 312.835 bales, audthe deorease from 1880-81
is 838,733 bales.
x
to*
©vl vjMii'©(,5
in
5 ^
M oo *-
Recipts.
CO
©
CO
CO
10 73
*
Taes.
1883-84.
aS«
1
NO
L078
1078
»s#
m!
tO
oo
O'
I013l6
17,000
imports into Continental ports this week have been
£
10%
101»i6
Receipts from
280,000
T|ie above figures indicate a decrease, in the cotton in sight
to-night of 158,977 bales as compared with the same date of
1883, an increase of 248,233 bales as compared with the corres¬
ponding date of 1882 and a decrease of 39,117 bales, as
compared with 1881. /
&
10%
l078® 11
...
43,300
102,320
26,000 bales.
o
..
St. Louis
Cincinnati...
Louisville
ilfon.
RECEIPTS FROM PLANTATIONS.
322,000
21,000
711,900
..1,114,633 1,352,465
..
Satur.
183,000
143.209
790,700
at
day of the past week.
May
Total East India, &c
Total American
time in 1882-83.
Other Markets.—
in the table below we give the closing quotations of
middling
cotton at Southern and other principal cotton markets for each
4,300
54,000
38,400
4,420
same
Quotations for Middling Cotton
Week
Total Great Britain stock
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
/.
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
101
Sr
3?
O'j-4 MCOM © M© ©O'MO»MOU © M © X
b»©7- tOODMOO©’bi©©©Vl ‘biMtOMaoUi
Weather Reports
Telegraph.—There has been
by
some
improvement in the weather in the Atlantic States during the
week, but in the Southwest, particularly Texas, the drought
continues, accompanied at many points by excessive heat, and
rain is greatly needed.
In another column the first bales of
Texas cotton
are
noticed.
Galv-ston, Texas.—The weather has been warm and dry
Y
On Tuesday one bale new cotton was receive9>
at Houston from DeWitt County, and on Wednesday one
to to
**3
an
CO*©M
bale reached Gavelston from Victoria County.
tCtO
M W
M bO
The ther¬
tow
oo; ©M
HQOWW©;
; ©W
tC^jMtO-ltOC^M
©0»MM. 0>H
to© ©©ot.
w. CoCtCOMO©OCM©«-J©
mometer has averaged 85, ranging from 78 to 91.
Indianola, Texa?.—We have had no rain during the week,
a
oo
MM
MOO
©
CO
to W to M 10 W M
and
are needing it.
£
I
The thermometer has ranged from 78 to
© I o»
MtOM©W-l
HQDMrbt Otv-* 00 W M W © W © oo
NO
to*
CO
WCtOOM-vl©
tO©CntOOM©©MOD
M © © tO CH 00 M
<1
© I ©
oo © © M ©' cn m
91, averaging 85.
XtO©OiO»©CAb-©M©©W©XWMW<J
Palestine, Texas.—We have had no rain all the week and
This year’s figures estimated.
The above totals show that the old interior stocks have need it sadly. Average thermometer 81, highest 95 and low¬
decreased during the week 2,596 bales, and are to-night 31,950 est 71.
'
"
'
© © © <i on © to x © to o« m cp M x co
© i-*
©»©M<j©-JX©x©©©co<i©toMaDOo
00'
to
all the week.
»
•
•
II
M
t-
>~*
*
.
THE
102
all the week; it
averaged 85, the
dry weather dur¬
bales of new cotton
have gone forward, and there are more about to follow.
The
thermometer has averaged 8T, ranging from 72 to 101.
Brenham, Texas.—The weather has been warm and dry all
the week.
We are suffering for rain.
The thermometer has
ranged from 75 to 94, averaging 85.
Belton, Texas.—Warm and dry weather all the week. Crops
good but want rain. Average thermometer 83, highest 98
and lowest 6S.
Weatherford, Texas.—No rain all the week. Weather warm
and dry.
Rain is desired.
The thermometer has ranged
from 72 to 98.
Dallas, Texas.—The thermometer has averaged 89, ranging
Huntsville, Texas.—There has been no rain
is much wanted.
The thermometer has
highest being 98 and the lowest TO.
Lu ing, Texas.—We have had warm and
ing the week. We are needing rain. Two
6-10ths of a f<xt
at that point.
‘“India Cotton Movement from all Ports. — We hav
re-arranged our India service so as to make our reports more
detailed and at the same time more accurate. We had found
it impossible to keep out of our figures, as cabled to us for the
water
aLovo
mark of April 15 and 16, 1874, which is
1871, or 16 feet above low-water mark
-
Year
Meridian,
Greenville,
Great
Conti¬
BriVn.
nent.
1984
8.000
1883
1,000
9,000
LS82
SHIPMENTS FOR FOUR
YEARS.
Receipts.
Shipment« since Jan. 1.
Shipments this week•
light shower during
the week, the rainfall reachirg ten hundredths of an inch.
Crops of all sorts are good but would be benehtted by a good
rain, especially sugar cane. The thermometer has ranged from
70 to 96, averaging 84.
flew Orleans, Louisiana—We have had rain on three days
of the week, the rainfall reaching thirty-seven hundredths of
an inch.
The thermometer has averaged 85.
Shreveport, Louisiana.—Telegram not received,
Vicksburg, Mississippi.—The early part of the week was
clear and pleasant, but during the latter portion we have had
an unusually heavy rain, the rainfall reaching two inches and
eighty-one hundredths. Crop accounts are* more favorable.
r
RECEIPTS AND
BOMPAY
Texas—We have had one
Total.
Great
Conti¬
Britain
nent.
Since
Jan. 1.
This
Week.
Total.
5.COO 1,514.000
2,000 1.522.0V 0
7.000 1,565.001
6.00u 1,119,000
5S 4,000 1,060,000
2,000 10,000 476.000
1,178.000
2.000 3,000 422,000 756,000
5.000 14,000 705,000 570,000 1,275,000
771,000
\'l. ooo 260.000 511.000
2.000 in.non
\OQ-\
the foregoing, Bombay appears to show an
compared with last year in the week's receipts of
3,000 bales, and an increase in shipments of 7,000 bales, and
the shipments since January 1 show a decrease of 118,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of January, for two
years, has been as follows.
“ Other ports” cover
Tuticorin, Kurrachee and Coconada.
According to
increase
Ceylon,
Shipments for the
72 to 95.
Mississippi.—Telegram not received.
The thermometer
which proved only to be
India port to another. The plan now
followed relieves us from the danger of this inaccuracy and
keeps the totals correct. We first give the Bombay statement
for the week and year, bringing the figures down to July 24.
shipments from one
102.
Columbia,
than Bombay, cargoes
ports other
are
from 74 to
[Vol. XXXIX,
CHRONICLE.
has ranged from
Mississippi.—Telegram not received.
Great
Conti¬
Britain.
nent.
Great
Total.
Britain.
128,700
17,500
5,4 jO
1.600
19,100
1,000
6,400
10,500
9.200
19,700
7,500
2,000
9,500
115,500
52.00o
13 800
167,500
87,500
1884
1883
Madras—
1884
1883
All others—
1884
five days of
with slight rain on
hundredths of an
averaging 82.
Pine Bluff, Arkansas.—Telegram not received.
Fort Smith, Arkansas.—Telegram not received.
Helena, Arkansas.—The weather has been warm and dry
all the week.
Cotton is clean, but small and backward. Corn
needs rain. - The thermometer has ranged from 72 to 91, aver¬
1.000
1,000
7 6,400
£00
100
1883.
Total all1884
1883
1.5*00
1*500
The above totals for
the ports other than
week last year. For
Total.
Continent.
41.200
10,800
Cidcutta—
Columbus, Mississippi.—Telegram not received.
Little Rock, Arkansas.—It has been clear on
the week, fair on one and cloudy on one,
two days." The rainfall reached seventeen
inch. The thermometer has ranged from 72 to 95,
1.
Shipments since January
week.
the week show
89,300
87,200
Hi 3.100
that the movement from
Bombay is 1,500 bales less than same
Arkansas.—Telegram not received.
the whole of India, therefore, the total
Memphis, Tennessee.—The weather has been dry and dusty
shipments
since
January
1, 1884, and for the corresponding
all the week. We are needing rain badly. The thermometer
of
the
two
previous
periods
years, are as follows:
has averaged 83, the higl e?t being 95*5 and the lowest 71*5.
EXPORTS TO EUROPE FROM ALL INDIA.
Nashville, Tennesste.—It has rained on one day of the
1882.
1883.
1884.
week, the rainfall reac hing eighteen hundredths of an inch.
aging 81.
Newport,
Good progress is being made
accounts are more favorable.
in
cleaning the fields, and crop
has averaged
Shinments
The tlieimometer
This
week.
to all Europe
from—
79, ranging from 65 to 94.
x
Mobile, Ala >ama.—It has beemshow^ry on two days
week, the rainfall reaching twenty-five hundredths
an
of the
of inch.
The crop ;s developing promisingly, and is in good condition.
The thermometer lias ranged from 69 to 95, averaging 81.
Montgomery, Alabama.—With the exception of a very
Bombay
All other ports.
and dry all
localities.
light rain on one day, the weather has been warm
the week.
The crop is developing promisingly and prospects
are good.
There are some reports of shedding in
The thermometer has averaged 71*8.
Selma, Alabama.—It has rained on three days of the week,
the rainfall reaching sixty-four hundredths of" an inch. The
thermometer has averaged 79, the highest being 96 and the
lowest 64.
Total
This
week.
Since
Jan. 1.
Since
This
Since
Jan. 1.
week.
Jan. 1.
14.00011,275,OOO
1G,00C 1,060,000
167,500
3,000 1,178,000
103,100
l,S00j 220,700
10.000 1.227,500
4,500 1.291,100
15,800 1,495,700
1,500
interesting comparison of
at all India ports.
Alexandria Receipts and Shipments.—Through arrange¬
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt.
The following
the receipts and shipments for the past week and for the
corresponding week of the previous two years.
This last statement affords a very
the total movement for the three years
a* e
Florida.—It has rained on one day of the.week,
reaching twenty-five hundredths of an inch. The
thermometer has averaged 84, ranging from 71 to 99.
Macon, Georgia.—We have had no rain all the week. Crop
Madison,
hyypt,
July 23.
Alexandria,
the rainfall
I
1882-83.
1883-84.
.71881-82.
Receipts (cantars*)—
This week
2,831,720
:, 254,000
2,641,000
Since Sept. 1
favorable, but rain would do good. There
Since
Since
This
j This
Since !
This
are some complaints of plant not fruiting well.
The ther¬
week. Sept. 1. ! week. Sept. 1.
week.
Sept,
l.j
mometer has ranged from 68 to 93, averaging 81.
Columbus, Georgia.—It has rained on one day of the week,
245.900
(bales)—
1,000 239,000
the rainfall reaching fifty hundredths of an inch. Average Exports
1,000 25*?, 000
176.271
To Liverpool
89,000
1,000
1,ol0 139,000
thermometer 84, highest 91 and lowest 75.
To Continent....
422,171
Savannah. Georgia.—The weather has been pleasant during
2,000 391,OOO,1 2,000 328,000
Total Europe..
the week, with no rain.
The thermometer has averaged 82,
A. eantar is 98 lbs.
the highest being 92 and the lowest 71.
This statement shows that the receipts for the week ending
Augusta, Georgia —The weather has been warm and dry
during the week, with one light sprinkle.* The rainfall reached July 23 were
cantars and the shipments to all Europe
nineteen hundredths of an inch.
Cotton is doing finely, but 2,000 bales.
rain is wanted.
The thermometer has averaged 82, ranging
Manchester Market.—Our report received from Manchester
from 69 to 93.
to-night states that the market is quiet. We give the
Atlanta, Georgia.—Telegram not received.
for to-day below,
and leave previous weeks’ prices
Charleston, South Carolina.—It has rained on one day of comparison.
the week, the rainfall reaching one inch and four hundredths.
1883.
1884.
accounts are more
*
prices
for
73.
Average thermometer 83, highest 91 and lowest
‘
Columbia. South Carolina.—Telegram not received.
The following statement we have also received by
OotVn
telegraph,
showing the height of the rivers at the points named at 3 o’clock
July 24, 18S4, and
Hew Orleans..
Memphis
Nashville
Shreveport....
Vickaburg
July 26, 1883.
d.
July 24, '84 July 20. 4 3
Below
high-water mark
Above
Above
Above
Above
low-water
mark.
low-water mark.
low-water mark.
low-water mark.
Feet.
7
•14
2
9
22
Inch.
5
9
1
4
10
Feet.
3
20
3
9
34
reported below high-water mark of 1871
.Sept, 9, 1874, when the zero of gauge was changed to
New Orleans
32# Cop.
Twist.
Inch.
5
1
4
0
0
until
high-
M.’y23
3u 8%.
June 6 8%
“
13 8\
“
“
20 ,5g
27 .58
July 3 8^8
“'ll 83b
“
“
3
3
3
3
■3
3
3
3
IS ■f4 3
25 35b 3
84 lbs.
Mid.
Shirtings.
TJplls
d.
s.
d.
s.
d
9*4
9**
9*4
914
9%
9*6
94
5
5
5
5
5
8437
8437
8*207
3
8 4 37
14
7437
7 37
7
37
7 37
7 37
7
37
1
1
1
1
1
1
5
5
5
94:5
9ig!5
3
3
d.
32# Cop.
Iwist.
d.
d.
*' 8*4 lbs.
Shirtings.
s.
d.
94’5 10
t'518
81194 5 9
64
84 3 94 5 9
638
9
6"iq 84 ® 94 0
84 3 94 5 9
63ft
9
65l« 84 3 9*4 5
3
6°; 6
6*16
64
6*4
84
84
8*4
8*4
3 9*4 a
3 94 5
5
3 9
5
3 9
9
9
8
8
8.
37
37
37
37
37
37
37
37
37
37
d.
44
3
14
14
Cottn
Mia.
Upas
d.
578
5%
54
3
3
5ni6
5ni6
5llie
5916
14
54
0
57ie
5716
3
0
THE CHRONICLE
July 26, 1884 j
East India Crop
Prospects.—By cable from Bombay to¬
1883-84.
day we have advices which state that favorable monsoon
Tot. Jn.30
reports are coming in from all the districts, and that the crop
is making satisfactory progress.
The cable adds that the
July 1....
rainfall at
since the
Bunbay
monsoon
to this date amounts to 31*42 inches
up
set in.
Contracts
Future
*
in
published the text of
Louisiana.—Several
weeks since
bill which had been passed by the
Louisiana House of Representatives declaring unlawful con¬
tracts for the sale of articles for future delivery, under certain
circumstances, and providing the remedy in such cases. As
the measure passed the House by the decided vote of 72 to 9,
we supposed it would go through the
Senate also, and hence
we
made
room
for it.
a
The treatment, however, it received in the
speedy and quite
emphatic, but in the
opposite direction, it having been summarily killed by a vote
Senate
was
of 16 to 4.
have
far
more
as
We overlooked this action of the Senate
published it
or
should
sooner.
Carolina
Agricultural.Report for July 1.—
The report of the Commissioner of Agriculture on Cotton
July 1, was issued on the 15th inst., and is as follows:
South
The continuous rains have been very detrimental to cotton.
For
the want of eiiushine the growth of the plant has been checked, and ihe
1882-83.
1881-32.
1880-81.
1879-80.
1878-79.
4,781,473 5,894,216 4,620,487 3,681,281 4,S37,328 4,421,749
1,945
8.
2,405
“
2...
193
3,185
“
3....
635
2.237
1,733
0
4
8.
3,402
1,904
343
2,701
2,902
1,521
1,548
8.
a.
271
629
1,124
1,719
1,236
“
5....
241
606
464
1,763
2,835
“
G....
S. •'
2,949
1,395
4,003
1,530
“
7....
255
1,626
2,353
3,8.30
1,764
1,112
“
8....
1,168
3.961
2,063
314
“
9....
1.824
1,233
3,036
4,563
563
“
10....
903
1,060
2,601
2,232
322
“
11....
1,993
816
1,006
2,731
“
12...
359
1,673
863
3,222
...
“
13....
“
14....
675
“
15....
161
“
16....
299
“
17....
178
“
18....
8.
B.
8.
2,624
8.
586
8.
1,374
685
2,761
983
5,334
3,045
2,137
201
3,404
733
206
3,463
2,632
255
8.
1,921
860
2,250
2,138
1,746
1,229
3,009
18S
1,433
581
4,138
2,502
1,849
935
2.467
*1,531
1,023
3,904
3,717
838
2,512
.
19....
“
20....
n
21..
534
**
22....
287
“
23....
517
“
24....
187
1,330
1,303
“
25....
1,087
1.365
-
237
399
1,319
S.
8.
414
8.
3,243
“
8.
8.
1,40c
8.
1,490
.
2,589
8.
8.
892
409
158
1,332
380
8.
542
2.897
521
3,322
406
2.665
2 625
-
1,620
8.
8.
334
1,039
r
“
rains have brought up an abundant crop of grass. The soil has been so
saturated that it has been impossible to destroy the grass, and it has
continued to grow while .the cotton plant was retarded. One correspon¬
dent says that only three days ploughing has been done in three weeks.
The weed is ‘sappy’ or succulent, and it is.feared will not be in a con¬
dition when the rains cease to resist and benefit by the hot rays of the
sun.
In some sections it is said that the plant is not fruiting well. A
correspondent in the upper part of the State says that over one-half of
the cotton planted in liis section was never ‘ chopped out.’ and has been
abandoned.
‘•The lower counties seem to have been more favored than the other
•sections of the State. The condition of cotton there is reported at 105,
while in the middle section of the State it is estimated at 07 and in the
upper at 83—giving an average for the State of 95.”
103
Total
4,801,434 5,930,335 4,652,215 5,746,621 4,882,708 4,433,653
Percentage of total
port rec’pts July 25
98-52
98-561
97 62
97*84
9969
This statement shows that the receipts since Sept. 1 up to
to-night are now 1,128,871 bales less than they were to the same
day of the month in 1883 and 149,269 bales more than they were
to the same day of the month fn 1882.
We add to the table
the percentages
of total port receipts which had been received
July 25 in each of the years named.
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
21,119 bales. So far as the Southern ports are concerned, these
The First Bale of New Texas Cotton.—Our Galveston are the same
exports reported by telegraph, and published in
correspondent telegraphs us that one bale of new cotton was the Chronicle last Fri$kiy> With regard to New York we
received at Houston from De Witt County on Tuesday, July include the manifests of all vessels cleared up to Thursday
22, and on Wednesday one bale was received at Galveston from right of this week.
Total bales.
New York—To Liverpool, per steamers Alice, 1,478
Victoria County.
Baltic,
896
Germanic, 1,438
Hipparchus, 1,353
Pe.dro,
Last year the first bale reached Houston on the 8th of July
1,613
Servia, 1,299.....Wisconsin, 1,082
additional,
omitted last week^%rZJ.5
10,879
and came from De witt County, and Galveston received her
To Hull, per steamer Salerno, 100
1; 0
first bale on July 16, and it also was from De Witt County.
To Havre, per steamer Amerique, 266
266
.
to
—
To Bremen, per steamers Eider, 500
To Hamburg, per steamers Bohemia,
Jute Butts,
Bagging, &c.—There has been rather more
doing in bagging, and inquiries are becoming more frequent.
Dealers are rather firmer in their views, and are not disposed
to accept anything under the present asking figures.
There
have been sales of some 1,500 rolls of various grades at 9%c.
for li.< lbs., 10c. for. 1% lbs., 10%c. for 2 lbs. and 1134c. for
standard grades, and the market closes at these figures. There
is not much inquiry at the moment for butts, though a fair
jobbing business has been transacted. Prices are about as
last, and sellers are quoting 2}g@ 234c. for paper grades and
for bagging quality.
\
^
Comparative Port Receipts
—A
and
Daily Crop Movement.
comparison of the port movement by weeks is not accurate,
the weeks in different years do not end on the same day of
the month. We have consequently added to our other standing
as
tables
daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named.' The movement each month
since September 1, 1883, has been as follows.
a
Tear
Monthly
Receipts.
1883
1882.
Sept'mb’r 313.812
October.. 1,046,092
326,65(
930,584
Novemb’r 1,030,330 1,004,697
Decemb’r 1,059,653 1,112,536
January
487,729
752,827
February. 383,93r 595,59March.
241,514
432,772
April....
111,755
284,5111
May
45,91'
185,523
June
31,682
78,501
.
..
Beginning September 1.
1881.
1880.
429,777
458,478
853,195
968,31b
974,043 1,006,501
996,307 1,020,802
437,727
571,701
291,992
257,099
147,595
113,573
63,679
572,723
476,53.
284,246
190,054
131,871
1879.
333,643
838,492
942,272
956,464
647,140
447,91m
264,913
153,025
110,006
88,455
1878.
288,348
689,204
779,237
893,664
618,727
566,824
303,955
167,459
84,299
29,472
Totalyear 4,784,473 5,394,216 4,620,4S7 5,631,231 4,837.328 4,421.749
Parentage of tot. pori
receipts J
me
30..
97-91
97 83
This statement shows that up to
96*72
96-71
9942
June 30 the receipts at the
ports this year were 1,109,743 bales les3 than in 1882-83 and
163,986 bales more than at the same time in 1881-82. By adding
to the above totals to June 30 the daily receipts since that
time,
we shall be able to reach an exact
comparison of the movement
for the different years.
tional) 392
Rhein, 250
100....Geliert, (addi¬
592
300
400
Westphalia, 100
To Genoa, per steamer Arch!mede, 300
To Naples, oer steamer Arcliiinede, 400
New Orleans—To Liverpool, per steamers
American, 1,250....
Historian, 2,568
:
Baltimore—To Liverpool, per steamer Alicia. 2,070
Philadelphia—To Liverpool, per steamer British Prince, 1,941.
form,
3,818
2,070
1,9 44
21,119
Total
The
750
particulars of these shipments, arranged in our usual
are as
follows:
Livci
Ham-
-
pool.
New York. 10,879
Hull. Havre. Bremen, burg. Genoa. Naples.
100
266
750
300
592
400
Total.
13.287
N. Orleans.
Baltimore..
3.818
2,0 <0
3,818
2,070
Philadelp’a
1,944
1.944
Total... 18,711
100
266
750
592
300
400 21,119
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
New Orleans—For Havre—July 22—Steamer Marseilles, 671.
For Antwerp—July 22—Steamer Marseilles. 15 J.
Boston—For Liverpool—July 15—Steamer Kansas. 82
July 19 Steamer Bavarian, 513
July 21—Steamer Borderer, 702.
Baltimore—For Liverpool—July 17—Steamer Nes»more, ———
July
18—Steamer Haytien, 551—July 19—Steamer Emiiiano, 1,130
Inly 21—Steamer Nova Scotian, 150.
Philadelphia—For Liverpool—July 23—Steamer Illinois, 927.
Cotton freights the past week have been as follows:
Thurs.
3ie*
316*
316*
316*
....
....
....
....
30
30*
30*
30*
Mon.
Tues.
Liverpool, steam d.
3lb*
3ie*
sail...d.
....
....
Do
Havre, steam
Do
c.
sail
c.
Bremen, steam,
Do
sail
.c.
3b*
Fri.
Wednes
Satur.
....
....
....
....
....
....
7i/
716*
710*
716*
716*
710*
....
....
....
....
....
e.
H »mbnrg, steam .c.
Do
sail...e
5l6*
B16A
51S+
510*
8lb*
516*
....
....
....
....
....
....
Amst’d’m, steam.c.
30*
30*
30*
30*
**
....
....
....
....
....
732*
732*
732*
732*
732*
732*
....
....
....
....
Do
sail.-.c.
Reval, steam... d
Do
sail
...c.
Barcelona,steam.c.
Genoa, steam—e.
....
V
71«*
Trieste, steam ...c. 7i6J
Antwerp, steam..c. SlS®3©'
*
I4*
710'
7lg® V
Blft®30<
5lb*
716k
V
*16*
'
8lb*
716*
v,
516*
....
....
6lb*
716*
8lb*
716*
V
51«*
<hft*
V
Compressed.
Liverpool.—By cable from Liverpool, we have the following
sales, stocks, &c\, at that port. Wo
add previous weeks for comparison.
statement of the week’s
THE CHRONICLE.
104
[vouxxmx.
English markets, and the spread of the cholera epidemic on
restrict the shipments thither.
47,000
59,000
34,000
60,000
bales.
Sales of the week
on
New
wheat
the
3,000
3,000
spot
and
to
arrive has been pressed for sale,
4,100
.1,000
Of which exporters took
1,000
1,000
2,000
1,700
Of which speculators took..
31,000 and at the lower prices exporters have latterly increased their
40,000
23,000
44,000
Sales American
5,000 purchases
3,000
6,000
5,800
Actual export
somewhat. On Wednesday, in fact, the transac¬
4,000
6,000
6,500
11,000
‘
Forwarded
tions in wheat on the spot and to arrive involved no less than
832,000
361,000
887,00C
857,000
-Estimated
Total stock
514,000
564,000
535,000
562,000
Of which American—Estim’d
The speculation has been
36,000
23,000 430,000 bushels, largely for export.
77,000
52,000
Total import of the week
11,000
17,000
2,700
33,000
Of which American
fairly active here, but at Chicago the large operators have
144,000
144,000
141,00'
205,000
Amount afloat
To-day quite an improved tone
51,000 held aloof from the market.
47,00*
34,000
49,000
Of which American
prevailed, in sympathy with all speculative circles. August
The tone of the Liverpool market for spots and futures each closed firm at
96%c., after selling at 98c.; September at 97%c.,
day of the week ending July 25, and the daily closing prices after sales at
96% c.; October at 99c, after early transactions
of spot cotton, have been as follows:
at 9834c., and November, though selling early at $1, closed at
Frida^
Saturday Monday. Tuesday. Wednes. Thursday
Spot.
$1 00%c.
'
Indian corn has been quiet for export and only moderately
Quiet
Market, (
Firm.
Firm.
Quiet.
d un¬
Steady.
Quiet.
active on speculation. Prices have declined, though this cereal
12:30 p.m. J changed.
6^4
6H
614
6*4
6k
Mid UpEds
6q
It is contended, how¬
has shown more firmness than wheat.
67ib
67i«
638
0716
•One
6716
Hia.Orl’ns
ever, that wheat, on its merits, is in a much better positive
9.000
10,000
10.000
10,000
8,000
5,000
Bales
500
500
1,000
1,000
500
than corn.
1,000
The outlook for the corn crop is promising, and
Spec. A exp.
though there has been considerable covering of contracts lately
futures.
Steady at
Firm at
Quiet
at Chicago, as well as some buying on long account, conserva¬
Quiet
Market, {
1-64 ad¬
and
Firm.
Dull.
1-64 ad¬
and
tive operators are inclined to take their profits on every bulge
12:30 p.m. j
steady.
vance.
steady.
of consequence.
Quiet
The receipts at the West have increased, and
Barely
gMArket, £ Steady.
and
Firm.
Firm.
Steady.,
the supply still held by farmers is not understood to be small.
steady.
4 P. M.
steady.
(
The visible supply has decreased nearly 1,300,000 bushels, but
The opening, highest, lowest and closing prices of futures at the effect of this announcement was only momentary; an early
Liverpool for each day of the week are given below. These advance was soon mostly lost. The feeling to-day favored a
prices are on the basis of Uplands, Low Middling clause, unless buying interest, and the final figures were firm at 62%C. for
August, 63%c. for September, 63%c. for October and 62%c.
otherwise stated.
•
July 18.
July 11.
July 4.
July 25.
the Continent has tended to
a-
vance.
.
'pricesare given in pence and
and 6 03 means 6 3-64d.
Open High Low. Cl08.
Open High
d.
d.
0 10
0 10
6 10
0 16
0 14
0 14
6 14
6 16
6 10
0 10
010
6 14
8 14
0 14
0 14
010
0 10
6 17
0 17
0 17
0 17
6 15
0 15
6 14
6 14
0 18
6 18
0 19
6 19
0 19
6 19
0 18
0 18
0 17
0 17
6 15
6 15
0 15
0 16
0 10
0 10
010
0 14
0 14
0 14
0 14
604
6 04
6 04
6 04
6 04
0 04
6 01
0 04
6 04
0 03
6 03
6 00
6 00
8 00
0 00
0 00
000
6 00
614
July
Joly-Aug... 6 14
Aug.-Sept. 616
September.. 618
Bept.-Oct... 6 15
6 14
614
6 14
6 14
6 11
0 14
6 16
6 18
Oct.-Nov.... 6 04
6 00
Nov.-Deo..
600
March-Apr.
April-May..
d
5 02
5 02
5 82
5 83
5 63
5 63
600
0 00
6 00
6 00
5 63
5 83
6 01
6 01
601
6 02
0 02
6 02
6 02
0 01
001
0 00
•
•
•
•
....
....
....
....
• • •
•
....
....
....
•
....
....
....
...
....
....
...
....
....
.
.
.
.
....
•
...
•
•
•
•
....
•
•
.
....
....
0 14
6 0r)
5 62
•
•
•
6 00
•
.
.
....
....
••
....
.
,
Open High Low. Clos.
d.
July ........ 614
July-Aug... 6 14
Aug.-Sept.. 616
September.. 617
Bert.-Oct... 6 15
Frl., July 25.
Thurs.y July 24.
Open High
Open High Low. Clos.
Low. Cl08.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
6 15
0 14
0 15
0 10
0 10
0 15
0 15
016
6 18
6 15
0 15
6 15
0 14
015
0 16
8 10
6 15
6 15
6 10
0 18
0 15
6 15
0 16
6 10
6 10
6 10
0 19
0 19
0 18
6 1S
610
6 15
6 10
6 10
0 16
0 15
0 15
0 18
0 17
618
0 19
6 19
0 18
6 18
|
j
d.
0 15
6 15
6 15
0 15
6 15
0 15
6 15
6 15
6 15
6 15
0 15
Oct.-Nov...
6 04
0 05
6 04
0 05
6 06
6 06
0 05
0 05
6 05
6 05
6 05
0 05
Nov.-Dec...
6 00
8 00
6 00
6 00
6 00
0 00
0 00
0 00
6 01
8 01
0 00
0 00
Dec.-Jan....
5 63
5 63
5 63
5 03
6 00
6 00
5 03
5 03
j
5 03
5 03
5 03
5 03
Jan.-Feb
6 01
0 02
0 01
6 02
6 02
0 02
6 01
0
011
6 01
0 01
0 01
601
Feb.-March.
•
•
•
•
•
....
...
...
....
.
•
•
.
....
...
....
....
•
•
•
....
....
....
....
•
•
«
...J
....
•
•
•
•
.
.
#
....
.
March-Apr.
April-May..
Rye has been quiet and to a great extent nominal, partly
owing ffo the sniallness of the supply. The barley season
has not yet opened, and malt has been neglected.
Oats have
been quiet and depressed; 75,000 bushels, however, have been
The visible supply in this country has
offerings have been larger.
On Friday prices were firm in sympathy with other cereals,
and July closed at 35%c.; August, 34%c.; September,33%c.;
shipped to France.
October, 3434c.
The following are closing quotations:
FLOUR.
bbl. $2 45®
No. 2 spring
2 60®
No. 2 winter
2 70®
8 iperftne
Spring wheat extras. 3 30®
Minn, clear and stra’t 3 75®
Winter shipp’g extras. 3 40 ®
clear
Winter
and
....
•
.
•
...
•
.
....
....j
....
....
....
Wheat
,
July 25, 1884.
marked change in price, but the mar¬
ket has nevertheless exhibited some weakness of late, owing
Flour has shown no
partly to the depression in wheat and partly to the slowness
of trade.
There has been some export demand for the com¬
moner descriptions, and of these the supply has not been ex¬
cessive. The supply of strong spring grades has likewise been
far from large, and of Southern flour the offerings have been
moderate, while the export demand for this and city milled
flour has at times been fair.
There has been
of anything like Activity.
tures of decided interest.
ever,
an
absence, how¬
The market has lacked fea¬
3 70® 5 25
Bye flour, superfine.. 4 00 ® 4 50
Corn meal—
Western, &o
3 00® 3 35
Brandywine, <fco....3 35® 3 45
GRAIN.
®....
Spring,per bush.
Spring No. 2
Bed winter, No. 2
91
9734® 9934
75
®1 05
91
Red winter
White
White No. 1
....®....
50 ®
63
Corn—West, mixed
West. mix. No. 2.
White Southern..
Yellow Southern.
Western white...
62^3
....
631-2
3....
a
65
®
68
Corn—
Western Yellow
64
®
Rye—Western
68
®
36
®
3
State & Canada
72
Oats—Mixed
White
39
36
No. 2 mixed
40
No. 2 white
Bariev—No. 1 Canada
No. 2'Canada
State, two-rowed
Stat^, six-rowed
3
65
70
73
38^
47
®
8
®
®
®....
®....
The movement of breadstuffs to market is indicated in the
statements below, prepared by us from the figures of the
York Produce Exchange. We first give the receipts at Western
New
lake and river ports, arranged so as to present the compara
tive movement for the week ending July 19 and since Aug. 1
for each of the last three years:
BREADSTUFFS.
M
South’n ship’g extras
-
litceipts at-—
Friday, P
6 35
City shipping extras.5 00® 5 10
Southern bakers' and
4 75® 6 25
family brands
Patents, winter.... $4 75®
2 TO
3 10
3 35
4 60
5 60
3 60
3 60 ® 5 85
5 00® 6 30
straight
Patents, spring
Wednes., July 23.
...
for November.
decreased, but at this market the
d.
d.
•
Low. Clos.
d.
d.
•
Open High
d.
d.
Feb.-March.
Low. Clos.
d.
d.
Dec.-Jan.... 5 63
J&n.-Feb— 6 01
Tues., July 22.
Mon., July 21.
Sat., July 19.
d.
64ths, thus: 5 62 means 5 62-64u.,
Flour.
1
Wheat.
|
Bbls.lWIhs, Bushi^O lbs
97,620
51:277
Chicago
Milwaukee..
00,893'
line.
Barley.
BUsh.58lM
690.662
7,800
21.603
11,520
39,859
88,750
2,033
2,300
2,880
31,720j
8,401
8,474
74,786
2,405|
Detroit
Bush.bttlbs
Oats.
Bush.32 lbs BushA8 lbs
864.995
183,753j
904
Corn.
503
.....
16
3,131
24.3801
9.0.0
..
20,24 !
491,189
7,800!
117,000
38,000
47,509
1,471
—
120,730
137,350
'3.0JU
7,00 J
1,178,105
1,915,087
1,854,251
1,015.591
1,208.229
613,466
14.040
31,991
69,267,746:100,3 78,038
74.067.018 94,385,535
46,303,158] 106.422.355
Cleveland.
St. Louis
Peoria.
975
Duluth
38,500:
•
’
77.489:
Tot. wk. ’84
178.388
988,743
Same wk. ’83
141.298’
013,370
Same wk. *82
123,514
1883
j 3,101,184!I
j
sinceAug.l—
8,014,o52j
1882
9,193.007
1881....
7,631.10l|
26,829
62.361
10,653
29,582
64,530.914
17,025 369
6,809,438
52,700,903
15,549,386
4,991.80S
36,780,878
12,124.819
3.847,008
rrh? exports fr:»m the several seaboard ports for the week
frequently within comparatively nar¬ ending July 19, .8 >4, are shown in the annexed statement:
limits, but the general tendency of prices has been down¬
hxporls
Peas.
Oats.
Corn.
Rye.
Wheat has fluctuated
row
ward.
The weather at the West has been favorable, and the
receipts of new wheat have been rather liberal, both on the
seaboard and in the interior; while rumors of yellow fever in
New Orleans, and an important failure in St. Louis, have not
been without a certain effect on the Chicago market, and thus
indirectly on New York. The visible supply shows a decrease
of 726,893 bushels, but this fact has had little or no effect on
prices. As a rule, the export demand has not been liberal;
the cable advices have not been
encouraging
as
regards the
Flour. '
from—
Wheat.
mis.
Bush.
Bush.
Bush.
New York
78,853
394,776
499,252
308,651
Boston...
38,450
Portland.
Montreal.
P.dladel..
Baltim’re
N.OrPns.
Tatal w’k.
Sme time
18»3.
..
85,764
29
73,864
19,131
138,754
208,730
6,029
86.000
34.050
9,331
523,146
639
Bush.
Bush.
2.47S
56,798
.
74,915
8,517
89,298
161,62u
152,433 1,142,676 1,078,714
382.5^4
65,315
77,393
984.693
7.588
153,991
19,317
104.682
775.477
July 26,
1884.J
THE CHRONICLE.
The destination of these exports is as below.
We add the
corresponding period of last year for comparison:
Flour.
Exports
for week
1884.-
1883.
Week,
July 19.
to—
Un.King.
Contin’nt
S.&C.Am
W. Indies
Brit. Col’s
Oth.c’nt’s
Wheat.
Bbls.
86,039
9,975
22,243
21,308
12,327
71.940
1,599
10,694
■
1884.
Week,
July 21.
Bush.
519,171
623,505
desired, and there was a moderate movement in
ginghams
and cotton dress goods.
Print Cloths.—The
following shows the course of the
market during the week:
1883.
Week.
Week,
July 19.
July 21.
Bush.
Bush.
Bush.
620,505
154,972
655,994
601,370
365,397
37,347
18,091
344,688
400
625
985
2,551
775,477 1,078,714
934,693
11.600
7,802
1,047
152,433!
made up their minds to curtail
the production of
nearly all
staple fabrics. Print cloths were in light demand and
nomi¬
nal at 3j4c. for 64x64
“spots” and 2%c. for 56x60s. Dark
prints were in fair request, but less active than could be
Corn.
1883.
Week.
July 19.
mis
541
Total...
1881.
Week,
July 21.
MARKET.
COTTON
29.205
j
EXCHANGE
6,2.54
SALES OP FUTURES.
Spots.
Tone.
C
105,682 1,142,676
105
‘
Saturday, \;
Futures.
Price.
Ju'v.
Tone.
•
Quiet
330
Quiet.
325
5
Price
Sa es
Quiet.
\
have the following statem
this season and last season:
Wheat.
1883-84
1932-53.
1833-84.
Sept. 1 to
1882-83.
Sept.1 to
Jala 21.
Sept. 1 to
July 19.
Sept. 1 to
July 21.
Sept. 1 to
July 19.
Sept. 1 to
July 21.
Bush.
Bush.
Bush.
--
Wed’dav.
Thursday
Bush.
32 937,244
5,514.105
West Indies.
4,482,298
317.485
016,890
753,158
700.059
33,383
Brit. Col’niee
527.268
8010
Oth. oountr’s
37.850
572,90 »
39,991
20.692
227,406
124,585
143,907
6,735.019
7.934 379
40.803.568
02.547.277
36 09 7,548
41,603.306
8. & C. Am...
Total.
...
413 249
598,075
24,200,510
16,637,700
^
1,223
35,323,875 25.823,776
26,783,059
7.964,824
120.560
1,636,617
72,031
4)8.777
10,113
508,552
Wheal.
A’bany
bush.
881.642
400,509
772,500
78,000
1,700
480.467
138,929
93,729
Milwaukee
D iluth
Toledo
Detroit
Oswego
S'. Louis
Cincinnati
Boston
Toronto
Montreal
Indianapolis
D
iwq
1,288,512
495
773,906
712,929
353,741
80,453
165,060
514,160
36,183
40,293
481
272,383
21,118
4.000
4,300
31,070
33,811
159,930
2,813
8,413
23,705
1,000
103.000
12,263
75,922
478,607
19,509
245,233
1,000
47,600
160,863
27,003
24 500
17,625
7,700
84.594
442,081
4,050
153,442
119,632
1,800
6,673
7,233
170,072
19.411
2,550
547
631
1,952
•
•
•
•
19,061
4.000
721
283
12,122
396,630
941 376
1,23 3,234
872,113
1,197,108
442,570
413,577
96,282
5,438,014 2,785,910
6,728,710 3,531,28 5
17, 748,500 11.431,560 3.702.838
10,942,2 >8 6,021,95 4 1 ,187.23 4
15,621,615 15,951,573 7 ,510,563
3 54,032 1,725,143
0 o rai1
On lat e
Ou canal
11.739.538
12,466,481
THE
DRY
GOODS
31,008
239.206
100,817
133,736
.
293.87 4
377,331
was
made
white bed-blankets
July 25, 1S84
difficulty in raising money through their usual channels,
jobbing firm of J. H. Wear, Roogher & Co., St. Louis,
of the firm are said to
to make
an
assignment.
The
assets
be ${>20,090, and the
liabilities, though
definitely ascertained, are probably under that amount,
and it is
generally thought that little if any loss will be sus¬
tained by the creditors.
not
Domestic
the week
Cotton
were
Goods.—The exports of domestics for
1,109 packages, of which 879 were sent to
Great Britain, 161 to Argentine
Republic, 93 to Hayti, 88 to
U. S. of Colombia, and minor
shipments to other foreign
only a moderate demand for plain and
colored cottons at first hands, but selections were
numerous,
and a fair
aggregate business was done by leading commission
houses. Prices are without quotable
change, but it is a buy¬
ers' market for
many makes of goods which have not
openly
participated in the late decline. Stocks in first hands
are
undoubtedly large, owing to the protracted lull in the demand,
and prices are not likely to
improve until manufacturers have
markets.
There
was
Price
Sales
Pr§
8:
0
o
Hi
Ol
if- M
Ent’dfor
on
Price
Sales
....
Price
Sales
....
...
Price
Sales
..
..
1,00«
Price
.
Sales
..
Price
Sales
.,
..
1,000
Tuesday, 3’30
;
Wednes¬
;
Miscelanou Vlanufotres
market. consumpt
g;
a
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$1
8iLk
Total Flax Cot n Wool
1
sold at auction in the
to the
Mo., have been compelled
*0
•
CD •
and
early part of the week to fair advantage, the prices obtained
having been about 15 to 17}^ per cent below the rates realized
for the same goods at a
public sale held last October.
Owing
the
§:
t=*
by commission houses
were
CD
|
cases
Sales
Dull.
Total
importers. Western and Southwestern package buyers were
largely represented in the market, but they are evidently de¬
termined to pursue a cautious hand-to-mouth
policy for the
.present, and their purchases, were conducted on a far less
liberal scale than at the
corresponding time in former years.
About 900
Dull.
3‘25
605,107
117,028
Business continued very quiet in the
jobbing branches of the
trade the past week, but there was a
slight further improve¬
ment in the demand at first
hands, and a fair distribution of
fall and winter fabrics
Quiet.
Price
Price
Sales
..
The
TRADE
Fmday, P M
]
Price 3 30 Price
Sales 1,000 Sales
Dull.
323
Price
Sales
Importations of
•r^sGoods.
importations of dry goods it this port for the week
ending July 24, 1884, and since Jam iryL and the same facts
for the
corresponding periods of 1883, tre £$ follows:
8,600
223,161
I
Quiet.
i
.
....
Foreign Dry Goods—There was a better
demand for a few
specialties in foreign goods, but the general market was rather
quiet than otherwise. British dress goods continued in fair
request, and more inquiry was extended to Continental
fabrics.
Velvets, velveteens, silk and mohair plushes were
severally in
pretty good demand, and there was a fair
inquiry for fine black
silks; but other silks ruled quiet. For woolens,
linen goods, laces
and embroideries, the
demand was light and
spasmodic, and
hosiery and gloves were m limited*’ [uest.
2,937
5,327
503
7,451
65,970
89.218
11.777
1,000
3-23 j
..
Price
Sales
for
17
48,852
22.422
Price
Sales
...
steady though limited inquiry
cloakings. Kentucky jeans have received more
attention,
and a light business was done in
satinets.
Soft wool suitings
and sackings were more active in
agents’ hands, and there
was a freer demand for
worsted dress goods.
Carpets were
quiet on the spot, but some fair orders were booked
by sales¬
men on the
road, and a moderate distribution of
knit
hosiery,
underwear and fancy knit woolens was
made by agents.
17,492
45,000
10,767
18,896
586,526
186,600
Mississippi.
Tt-t. July 10, ’84.
Ttt. July 12/84.
Tot. July 21, S3.
Tot. Jul> 2 >.’82.
Tot. July 23/81.
bush.
916
4,901
Kansas City
Baltimoie
Rye,
bush.
31,500
165,205
190,239
Pailadelphia
Barley.
2,938,750
142.893
Peoria
Oats,
bush.
718.213
42 000
Dull.
..
j Price
|Sales
Domestic Woolen Goods —Aside from
men’s-wear woolens,
which continued
quiet, there was a little more animation in
this branch of the trade.
Flannels were more sought
after,
and though buyers exhibited a
good deal of caution, transac¬
tions footed up a fair
aggregate amount. Blankets were also
in fair, but
irregular, demand, and there was a pretty good
movement in shawls and skirts.
Repellents met with consid¬
erable sales, and there was a
was as
8,000
31,328
Biftalo
Chicago
Com,
bush.
|
Price
Sales
..
ports, and in transit by rail and water, July .19, 1884,
follows:
at—
Sales
November. Total.
..
—j Sales
Total..
1,000
Transferable Notices— Saturday,
3*35; Monday, 3’33
day, 330; Thursday, 3 35; Friday, 3 30.
379,813
The visible supply of
grain, comprising the stocks in granary
principal points of accumulation at lake and seaboard
In store
Quiet.
s
Friday....
7,510,061
at the
New York
Do afloat (est.)
Dull.
I
3-25
1
Bbls.
|
I
1882-83.
Bbls.
Quiet.
Corn.
ISS3-84.
July ID.
On. Kingdom
Continent...
Tuesday.-.
-Price
Price
I
*
Flour.
Exports since
Sept. 1, to—
II
Monday.
October.
01 to X OI iO
00
oo
CHRONICLE.
THE
106
|Tol. XXXIX.
©umrajeucial ©arils.
js’outfteru Sauluers.
JdearasMps.
Brinckerhoff, Turner
& Co.,
Thos. P. Miller & Co.,
O N L V
Manufacturers and Dealers In
BANKERS,
MOBILE, ALABAMA.
Special attention paid to collections, with prompt
day of
Buy and sell State of Alabama and City
COTTON SAILDUCK
of Mobile Bonds.
Correspondents—Bank of the State of New York
New York; Louisiana National Bank, New Orleans;
CANVAS,
OOTTON
FELTING DUCK, CAR
“COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, &C., “ONTARIO” SEAMLESS
BAGS, “AWNING STRIPES.
Also, Agents
CO.
UNITED STATES BUNTING
Sl fuU sapply, all Widths and Colors, always
No. 109 Duane Street.
in stock
Bliss, Fabyan & Co.,
Philadelphia,
OF HOUSTON,
CITY HANK
CAPITAL, $500,000,
THE
BROWN & BLEACHED SHIRTINGS
AND SHEETINGS,
PRINT8, DENIMS, TICKS, DUCKS, Ac.
‘Towels, Quilts, White Goods A Hosiery
Drills, Sheetings, <kc., for Export Trcule.
Joy, Lincoln & Motley,
SUCCESSORS TO
E. R.
JttUDGE, SAWYER & CO.,
16 Chauncey Street,
BOSTON.
Directors.—Benjamin A. Botts, Pres’t; F. A.Rice,
Baldwin, W. B. Botts, Rob’t Brewster, S. K.
Mcllhenny, B. F. Weems.
B. F. WEEMS. Cashier.
BENJ. A. BOTTS.Pres’t
Wnlte Mfg. Co,,
Saratoga Victory Mfg. Co.,
Hosiery andYarn Mills,
Brown,W ood&Kingman
FOR
Mfg. Co.,
Arlington Mills,
Freeman Mfg. Co.,
Renfrew Mfg. Co., James Phillips, Jr.
Fitclibnrg Worsted Co.,
"Cteorge Whitney,
Continental Mills,
Lincoln Mills.
B08T0N, 31 Bedford Street.
mxE'tir vr\T>ir5 5S
& £0 Worth Street,
&
Durham,
The Bank of
With
and
37 Thomas Street.
Between NEW
in
a
small boat.-
wine, bedding and utensils. Re¬
reduced rat es. Checks on Ban quo
Transatlantique, Havre and Paris, in amounts to suit.
age, $26—including
turn tickets at verv
Special Train from Havre to Paris. The Compagnte Generale Transatlantique delivers
at its office in New York special train tickets from
Havre to Paris. Baggage checked through to Paris
without examination at Havre, provided passengers
have the same delivered at the Company’s Dock in
New York, Pier 42 North River, foot of Morton St.
at least two hours before the departure of a steamer
LOUIS DE BEB1AN, Agent,
No. B Rowling Green.
publications.
special attention to collections.
A. K. Walker, Cashier
B. Burruss, Prea’t.
First National
Bank,
WILMINGTON, N. C.
Collection* made on all part* of the
Wm. C. Courtney. Pres.
«
HAND-BOOK
United Stages
Ernest H. Pringle, Cash
OF
CHARLESTON,
OF
CHARLESTON, S. C.
8pectal Attention given to
Collections.
NATIONAL
Railroad Securities
BANK,
RICHMOND, VIRGINIA.
BRANCH
DESCRIPTION; INCOME ;
MERCHANTS.
COMMISSION
AND
BANKERS
CO.,
&
1884.
JULY,
Collections made on ah Southern points on best
terms; prompt returns.
JOHN P. BRANCH, President.
JOHN F. Glenn. Cash. Fred. R. Scott. Vlce-Pres’t
THOMAS
HAVRE,
ST. LAURENT, De Jousselin Wed.. July 30.11 A. M.
NORMANDIE, Franguel.... Wed., August 6. 5 A. M.
LABRADOR, Collier.
Wed.. Aug. 13,10 A. M.
Price of Passage—(including wine;: To HavreFirst cabin, $100 and $80; second cabin, $60; steer¬
ample means, and facilities excelled by no
correspondence and pays
MERCHANTS’
YORK and
foot of Morton St.
transit by English
Railway and the discomforts of crossing the Channel
Bank in the State, invites
BANK
France.
From Pier (new) 42 North River
Travelers by this line avoid both
DURHAM, N. C.,
National Banking Association
Mills,
SELLING AGENTS
P.. A. Wiley,
Cashier.
W. T. Blackwell,
President.
AGENTS FOR
Co., Atlantic Cotton Mills,
Chicopee Mfg. Co.,
Peabody Mills,
Geo. H. Gilbert
attention to collections on all
C. C.
Ocean Mills
llerton New
Texas.
Houston,
We give special
accessible points.
BELLING AGENTS FOR LEADING BRANDS
43 & 45 White Street,
NEW YORK.
Liverpool.
Bank of Liverpool. Limited.
And all kinds of
to
GENERAL TRANSATLANTIC CO.
remittances at current rates of exchange on
payment.
New York, Boston,
Direct Line
PRICES; DIVIDENDS*
RICHMOND, VIRGINIA.
Virginia Bonds funded under the Funding Act
passed by the last Legislature, for H per cent commis¬
sion. New North Carolina 6 per cent bonds, secured
by lien on the State’s stock in the North Carolina
CONTENTS.
Railroad, for sale.
Railroad Securities.—
JL.
Everingham & Co.,
(Established 1865.)
"COMMISSION MERCHANTS,
125 La Salle Street,
<ADJOINING CHAMBER OF COMMERCE),
WltsUvn fBauhers.
N. W. Harris &
CRAIN
on
AND PROVISIONS,
the Chicago Board of Trade, for
delivery, a specialty.
cash or future
Special information, indicating course
freely furnished upon request.
of markets,
past, as well as the aunual charges
against income, of all Railroads whose
securities are commonly sold in the markets
of New York, Boston, Philadelphia and
Co.,
years
DEARBORN STREET,
No. 176
SALE OF
CHICAGO, ILL.
Baltimore.
Highest and Lowest Prices, Monthly.—
T>r\"\TTTvC! State, County, City, Town, School,
Dvr IN JL/0, and Car Trust Bought and Sold.
United
119 MAIDEN
The funding of entire issues receives special atten¬
Write us if you wish to buy or sell.
Railroad
(FOR BALING COTTON.)
Agents for the following brands of Jute
Bagging.
Kagle Mills,’’“Brooklyn City,’’“Georgia,’’“Carolina/’
^Nevins. O,” “Union Star.” “Salem,” “Horicon Mills,”
■**
Jersey Mills ” and “ Dover Mills.”
IMPORTERS OF IKON TIES.
BAGGING.
WARREN, JONES & CRATZ,
ST. LOUIS, Mo.
Manufacturers’ Agents for the sale of Jute Bagging
IMPORTERS OF
IRON
COTTON
TIES.
OFFICE
CARPETS.
Before buying your Carpets, Linoleum, Oil
Cloihs or Mattings, call at
BENDALL’S
Carpet Store, 114 Fulton St., basement
Hour. Cheapest place in the city.
If not con¬
venient to call, send for samples.
I JOSEPH Cl LLOTTS
STEEL PENS
SoloBy ALL DEALERSThrouchoutThe WORLD
1410LD MEDAL PARIS EXPOS IT10N^lB7a.
Mortgage
LIMITED,
COMPANY
BAGGING AND IRON TIES,
**
For the year
THE
Texas Land &
LANK,
NEW YORK.
States
LONDON, ENGLAND),
(OF
Transact
a
general Financial and Agency Business in
the State of Texas and Europe.
C. E. WELLESLEY,
General Manager,
New York Correspondents:
Blake Bros. <fc Co.,
Dallas, Texas.
Wall Street.
ESTABLISHED 1871.
P.
305
OLIVE STREET,
Defaulted Bonds of Missouri, Kansas and Illinois a
Specialty. Good Investment Securities, paying from
4H to 10 per cent, for sale.
President.
( 8TATE BANK, ) C.
(Incorporated 1875.f
German
LITTLE
ROCK,
Capital (Paid in)
-
T. WALKER
Cashier.
Bank,
ARKANSAS.
- - $250,000
Prompt attention given to all business in our line.
N. Y. CORRESPONDENTS —Donnell, Lawson & Co.
and the Metropolitan National Rank.
Thos. M. Thornton.
W.
For the year 1883, and to July in 1884.
Railroad and Canal Bonds and Stocks in
Philadelphia—For the year
1883, and to
July in 1884.
Railroad Bonds and Stocks in Baltimore—
For the year
1883, and to July in 1884.
Range of Prices hy Years.—
Stocks—Date of
highest and lowest prices made in the years
1882 and 1883, and to July in 1881.
ST. LOUIS,
Dealers in Western Securities.
D. G. FONES,
.
1883, and to July iu 1884.
Eonds and Stocks in Boston—
Yearly Range of Active
Keleher & Co.,
F.
the year
Securities—For
1883 and to July in 1884.
Railroad Bonds and Stocks in New York—
tion.
Bullard & Wheeler,
Stocks and Bonds,
Income for four
and a Statement of the
BANKERS,
INVESTMENT
CHICAGO.
THE PURCHASE AND
A Description of the
Dividends.—
Dividends on Railroad Stocks sold at
Exchanges in New York, Boston,
the
Philadel¬
phia and Baltimore, paid during each of
the six years, 1878 to 18e3, inclusive, and
prior to July in 1884.
Railroad Earnings.—
Gross and Net Earnings so far as
in 1884, in
reported
comparison with correspondiug
periods of 1883.
Wm. W. Thornton, Cash.
F. TIIORSTOi\
&
SON,
(Establish 3d 1859,)
BANKERS AND BROKERS,
Price in Red Leather Covers,
To Subscribers of the
SHELBYVILLE, ILLINOIS.
Collections made in 8helby and adjoining Counties
Day of Payment.
REFERENCES—National Bank of Com.i erce.New
Fork. Union National Bank, Cincinnati. Third
V»t.ton«] Bank, St. Louis. Traders’ Bank, Chicago,
-
•
$1 Od
75
Chronicle,
aao Proceeds remitted on
Harrison’s Bmk, Indianapolis
WILLIAM
79 & 81
B. DANA &
CO.,
WILLIAM* STREEP, NEW
YORK
t
r
’
1
•
’.V * -
T„.
.
I
'
n.orlrpto
1
the Continent has tended
n
"^jvid < J t ’
restrict
to
* lad. !,t tplii.
.. 11«
the
shipments thither.'
47.0*0
3,000 | New wheat on the
spot and to arrive has been pressed for stile,
1 .0 •« !
and at tin* lower prices exporters have
4 t.ooo
31 O'M)
2;i.oo<
latterly increased tluir
5 .0 *('
5.-00
0.<HK
purchases
Homewliat.
<
>n
.Wednesday,
in fact, the transac¬
6 500
(5 0 m
■l ,o(IO
1 1.0()<
81,1 JKM
83 2.001 ' tions in wheat on the
857,nO<
887,00*
to arrive involved no l<*vs than
spot
and
5* 2.000
5(5 l.OOl
53 ,0« •(.
51 1 OOO 1
'. 7 0«H
23 OOO j 130,000 bushels, largely-for export.
The specif iti »n lias been
3-l.lMH
52,000
23 00<
1 7.00*
2.70i
11.01M ]
active
here,
hut
at
fairly
t’nieago
the
1.ioperators have
l l i.oeo
1 1 l.OOl
111 .oo
205,1 On
held nlouf from the market.
51 ,uoo
J4.Oo0
49.1 ()•«
17.00
Today q*iit»* fin improved tom*
prevailed, in sympathy with all spceulativ«J eireh*s. August
The tone of the Liverpool market for spots ami futures'each
day of the week ending .July lio, and the daily closing prices closed linn at ‘.M* ,e.. after selling at U ie.; S\|ptemln*r ai t)7 ’uc.,
of spot cotton, have lx*en as follows:
aft»r sales at 0t» j.e.: ()ct<»h r at title, alter early tran-actions
I at tisj^c., and November, though selling early at $1, closed at
Wtdnc
Frida
8a/urday Monday. Tuesday
TKurstCt,
Sfml.
.$1 IJ0:,4C.
quiet
Indian corn has ln en quiet for export find only moderately
Market, (
a un¬
Firm.
Firm.
Steady.
Quiet.
Quiet.
12:30P.M. j changed
active on speculation. Prices liave'declined. though this cereal
Bale# of the week
bales
O! which exporters took ....
Of which speculators took.
Sale* American
Actual export
Forwarded
Total stock -Estimated
Ol which AmeMcau—Eft tim'd
Total import of ;he week
Of which American
A mount afloat
Of which American
60.000
i.’.OU
1.7(H»
50.001
3.001
2.000
4o.Oim
3.00
34.00<
1.000
1.000
-
.
►
u
Mid
Bpen.A
6
614
6*
Upl’dt*
Mm.Orl’ns
Sales
5,000
500
10.0 JO
Quiet
and
Firm at
1-01 ud-
steady.
vance.
Steady.
Steady.
exp.
6 4
6"
10,000
10.UU0
560
1,0< *0
64
Id
B.oo*
500
1,000
67l<t
4
6'
6'h
6
4
6'11,
has shown
j
8.000
1.000
I
12:30p.m.
$
i Market, i
{
4 P. M.
Sto'dv
Dull.
at
1-04 nil
Firm.
Quiet
Firm.
st.
ady.
I
Qu;et
Barely
Firm.
:
Mill!
-
vail eo.
and
steadv.
steady.
!
|
The open in",
highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. Those
prices are on the basis of Uplands, Low Middling clause, unless
;
otherwise stated.
QT The prices are given in pence and 6Wis, thus: 5 62
and 6 03 means 0 3-64tf.
!
Mon., July 21.
^Open^ High
Open High Low. Cl08.
i
d.
d.
d.
d.
July
July-Auf?...
0 14
0 14
O 14
6 14
6 14
0 14
0 11
Auk.-Sept
6 50
0 16
6 10
September..
Bept.-Oct...
0 18
0 18
0 18
0 15
0 15
0 15
Tueti., July 'Z\5.
Open High Low. Clos
d.
d.
d.
d.
d.
d.
0 10
6 10
6 13
0 10
O 14
0 14
0 14
i 6 10
6 10
0 10
0 10
0 10
!
6 17
0 17
0 17
0 17
0 18
6 19
0 19
0 19
O 15
0 10
0 10
010
d
0 14
0 14
6 14
0 15
0 14
.6 14
0 19
0 18
0 17
0 17
0 10
0 14
0 14
0 14
:
Oct.-Nov....
0 04
0 04
6 04
6 04
0 04'
0 04
0 04
001
O 04
0
03
6 03
0 00
0 00
0 OJ
6 0J
0 00
0 00
0 00
0 00
0 0)
5 02
5 02
Dec.-lHn....
5 03
5 63
5 03
5 63
6 00
0 00
0 00
0 00
5 03
5 62
5 02
0 02
0 02
0 02
001
0 00
6 00
March-Apr.
April-May..
001
001
...
.
....
....
....
...
....
0 01
0 02
601
....
.
...
.
.
.
.
.
....
.
•
.
....
.
.
....
....
....
•
•
....
...
....
...
•
•
•
....
•
•
!
!
0 14
Nov.-Dee..
Feb.-Marcli.
j
j
i
Low. Clos.
Open High Low. ClOH.
July
d.
Spring wheat extras.
2 7n® 3 35
3 30® 4 60
Southern
Wintershipp’gextras.
3 40® 3 60
3 75 ®
0 14
0 15
0 14
d.
d.
0 14
0 15
!
d.
0 10
0 10
0 15
0 15
O 16
6 15
|
0 !0
0 lrt
O 15
0 15
0 10
0 15
0 15
j
0 10
0 10
0 15
0 15 i
0 10
0 10
0 10
6 19
0 19
0 18
0 18
0 13
0 18
0 IS
0 15
0 15
j
|
0 !5
0 15
July-Auj*...
An«.-8ept.. 0 15
September.. 0 17
0 15
0 14
0 15
0 1*5
0 15
0 10
0 18
6 17
0 1«
Bert.-‘>ct...
0 15
H 15
0 15
0 15
Oct.-Nov...
0 04
0 05
0 04
0 or.
Nov.- Dee... « 00
0 00
Dec.- (nn
5 (53
5 01
6 01
0 02
Jan.-Feb
...
Feb.-March.
March-Apr.
April-.May..
....
•
.
.
•
•
....
|
|
0 15
0 !5
j
0 O'*
6 00
0 05
0 00
00 1;
0 00
0<O
5 03
5 03
!
0 to
0
001
0 02
0 02
0 02
....
•
^
d.
Corn meal—
i
...
i
....
...
■
0 15
"
.
.
00
0 05
0 05
H 00
0 ( 0
0 01
0 to
0 00
5 *‘3
5 6 4
j
5 03
5 03
5 03
01
0 01
|
01
001
o
.
...
...
....
o
01
t;
|
....
i
>tt—
/.vet prs
Friday, P
no
mirkel
ket has nevertheless exhibited
partly to the tFpr* ssion in wiieat
of trade.
There has been
M
.
July 25, 1881.
some
weakness of
an
I partly to
late, owing
the slowin-ss
descriptions, and of these the supply has not been ex¬
cessive.
The supply of strong spring grades has likewise been
far Lorn large, and of Southern flour the
offerings have been
moderate..while the export demand fur this and city milled
ever,
of anything like activity.
tures of decided
@
65
68
®
70
72
36*
....39
n
73
White
No. 2 mixed
No. 2 white
Bariev—No. I Canada
No. 2 Canada
63
63*2
d....
65
®
6s
|
Coro.
U'heut.
®
71
®
®
®
Cleveland.
..
93'
! 1.520
88.75)
lj
*71.73*5;
39,859
2,033
2.1 in
31,7211
8,101
3,471
3.131!
24.38*)!
9.0 0
3g(,00‘
49!, 1 >9
7,80 i1
1 ! 7.401)
47.*09
12 >.730
137,459;
|
20.24
M. Louis
975J.
Ceoria
.-
38,500!
Duluth
receipts of new wiieat have been rather liberal, both on the
seaboard and in the interior; while rumors of y-llow fever in
New Orleans, and an important failure in St. Louis, have not
been without a certain effect on the
Chicago market, and thus
indirectly on New' York. The visible supply shows a decrease
of 726,893 bushels, but this fact has had little or no effect on
prices. As a rule, the export demand has not been liberal;
encouraging
as
regards the
Barley.
090 042
90
R'j'.
‘21.000
2,390*
2.883
r, *
I •">
i, m
3,0
»
.mi
17.3 388-
9SS.743
1 178,105
1,015,591
i t
141.298;
0*13,571),
t.915.08;
24.3,9
-ante
wk. ’8-^
123,514
1.2)8,2J)
613,490
1,351,2 j1
3.101.184
!
inceAutf.l—
j
8.911. 52 09 267 710 104 37S.O-S
|’>I,;V0 91
1882.
9.195 0*7
52.70 *.905
74 0 *7(its
91.385.535
7.031 1011 40 343.158' 104.422 355
■■•oris f••;•::!
8 1.
ending July 19,
h
jt
ports
from
N
l|
1883
w
—
Yort
It >eton.
..
Flour.
re
T dal w’fe.
3 me time
17.02a W.l
0.809 438
1 ij«i
4,991.808.
*
',878-j 12.124.3!!)!
3.847.008
the week
shown in the annexed statement:
Wheat.
Corn.
Oats.
Hush.
49.6252
Bush.
308.651
85,761
Ol)
13*8.754
86.< 0 i
208,7*3*0
73,86 4
523,146
©0,29 8!
161,02 JI
Phis.
Bush.
73,853
38,156
304,776
10.131
6.0.0
0,331
630
775 177
Rye.
Pea.:.
Bush.
B>>sh.
56,708
OQ1
r,0‘>
8,517
......
382.5*44
7.588
2.478
74,915
34.050
152,433 1,142,676 1,078,714!
101.682
23.582
1
the several seaboard ports for
P >rtland.
M unreal.
P liladel..
U tltim’re
N.tnTna
34.78
31,9 1
<>2,3(51
10,'>5:.‘>,
!
•
•
•i.
b. ’81
tv
7.0 j
-
V,SKi
77,48),
■ -I*
7.840
wk. ’ss
Tot.
Ihl-.hJ-iO.
-
-ante
.
tx
nar¬
limits, hut the general tendency of prices lias been down¬
The weather at the West has been
favorable, and the
been
47
a
BilshA'C'
844 995
00.*
..
Outs.
Bu.tn.H2ih
97,020.
183.753
M il wuukee
absence, how¬
The market has lacked fea¬
frequently within comparatively
the cable advices have not
3862
&
40
St.it**, six-rowed
'
®
35,
State, two-rowed
r
i 1.277
an
ward.
64
Rye—Western
interest.
Wheat has fluctuated
row
•50
®
62**2;?
Corn—
Western Yellow
State & Canada
Oats—Mixed
....®
Chics uo
Det roit....
export demand for the’com¬
There Ins been
Olhj®
91
07:H® 00:U
75
® 1 05
Flour.
IV>i3do
moner
flour has at times been fair.
—
Hbh.lWn* Hush.i 0 i>« BushSrCo
change in price, but them irsome
3 35
3 45
,
3READSTUFFS.
Fit »m* has shown
3 00®
Brandywine, <feo....3 35 ®
The movement of breadstuffs to market is indicated in the
statements below, prepared by us from the figures of the New
York Province Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the compara¬
tive movement for the week ending July 19 and since Aug. !
tor each of the last tlH*ee years:
...
!
j
©
Red winter, No. 2
Red winter
White
White No. 1
C >rn—West, mixed
West. mix. No. 2.
White Southern..
Yellow Southern.
Western white...
0 15
0 05
Western, &o
3 60® 5 85
5 60® 6 30
Spring No. 2
d.
0 05:
family brands
4 75® 6 25
ship’g extras 3 70® 5 25
Rys Hour, superfine. 4 00® 4 50
Wheat-
Open High Lo-w. Clos.
d.
baktere' and
South’n
5 60
and
clear
Spring,per bush.
d.
635
City shipping extras.5 00® 5 10
GRAIN.
rl.« July 2 5.
1
crop is
2 60® 3 10
Winter
d.
d.'
d.
much
a
corn
Patents, winter.... $475®
if2 45ft 2 70
Minn, clear and stra’t
Open High Low. Clos.
contended, how-
FLOUR.
No. 2 spring..bbl.
No. 2 winter
S iperttne
.
Thura., July 24.
is
better positive
promising, and
though there has been considerable covering of contracts lately
at Chicago, as well as some buying on long account, conserva¬
tive operators are inclined to take their proiits on every bulge
of consequence.
'! he receipts at the West have increased, and
the supply still held by farmers is not understood to bo small.
The visible supply has decreased nearly 1,800,000 bushels, but
thedl’ect of tins announcement was only momentary; an early
advance was soon mostly lost.
The feeling to-day favored a
buying interest, and the final figures were firm at GFqe. for
August, 683gc. for September, G8nac. for October and
for November.
Rye lias been quiet and to a great extent nominal, partly
owing to the smallness of the supply. The barley season
lias not yet opened, and malt has been neglected. Oats have
been quiet and depressed; 75,000 bushels, however, have been
shipped to France. The visible supply in this country has
decreased, but at this market the offerings have been larger.
On Friday prices were firm in sympathy with other cereals,
and July closed at 35%c.; August, 3434c.; September,33J4c.;
October, 34V£c.
The following are closing quotations:
on
The outlook for the
corn.
straight
Patents, spring
Wedues., July 23.
its merits, is in
It
.
j
!
Sat., July 19.
Jan.-Feb—
!
5 62-64)/.,
means
that whe it,
ever,
! than
futures.
Market, (
firmness than wheat.-
more
65,315
153.801
THE CHRONICLE.
1884.J
July 20,
The destination of these exports
is
;u»
below.
corresponding period oi last year tor comparison,
I
Flour.
Kxporls
for week
18** I
18-3
to-
Week.
Week,
Juli/ ‘J t.
July 1 0.
Hhlt
Ithle.
80.03.l|
7 t 0 |o
I..Y*
8. A O. A in
22 Jit
•ji 3oU.:t:7.
9.975
W. Iiutti'i*
Brit.rol'n
Otti.r'iit’-
1
188 1.
|
Week.
nu*h
MO 1 7:
;
H u*h
0 t) 505
0.’3.5o'ii
1883
Week
J
ii
Ilueh.
t
151.9; 2
1 o (ill l
1 i i;o ■
7.' OJ
1 .0 17
ii
We add thr | made up their minds to fM»**h»il the pr^dnetinn nf M^n.lva’1
staj.ue !u‘»iics. Punt cloths were in light demand and romia *1
at 3l4c. for 01x01
"s|>Gts” and
for 50x608. D«*rk
Corn.
prints wen* in fair request, but less active than could l>o
tlesireii. and lh» re w as a moderate movement in
gingham*
1881
Week.
Jih/ 19.
1 8 S3.
W,ek.
Ju',/ 21.
./u!y 10.
,
Un.K liu;
Conttn'nt
Wheat.
i
lid cotton dress good''.
Bo iNT i i.oiiiv—- i he
III II keL dm mg 1 he w eek
a
V J i.
Hu*h
‘|*»,'»9
col. 4 70
1
lliiu 17
37/1;
i ».».-*
29
l 8.0 • 1
4*0
.
105
'Mini
-
t
l I
•
following
i
m
\ i
«
.t .*7
By adding this week’s movement to
followi'K *t:iteuie:»t of
have tlie
this
mil last
season
our
l
.078,7 1 il
'in/if
**
»t hi -11
98 I,* 9 l
previous totals
e\p nls since
we
M"ii.l
j
S -‘ptemher 1.
Issj si.
ia-:jm.
-
l to
•
1
.',1 ill'!
- >
S. & (A
.'..I I 1105
317
.
41321)
ij
tUO.’.i.i
ill.
Went Inal-*?.
75© 15s
Brit. Col’mes
527.2i)S
Oth. countrV
37
S5')j
j
1
'
Juki 19.
Hi'1'.
Hush.
II its‘i.
21,209,51-'
1 *»,<>! 7. T» W i
33,32 1ST 5
25.82',7701
32 937.24 4
20 7S0 079
7.901,5 2 4
7.5IO.001
July 19
Wt-o\in\
12
1.22 1
l
i 50 )
.s’, /if. i r.
1 Ju'y 21.
030,017
|
j
3-.TS3
72.001
4iS.777i
57.59;))
S015
10.11 J
UG.929
2
B.i.'J.)l
»
OS
227.140
i
**
iu*
(A
eiuhtr
»'
/’.if,i|
»
I’ltiu-O
iv
124,585]
>
*
l*i
>
*•
H
**
I’rt.
1
i
.
,
Olid
3 *25
.
'
Dull.
/
f,os. 552
I--.'
I’rt
i>
»*-
u-»-
1 *1 lit*
il
".il.--*
3. in 1*1
«•
i
U-l*
I'rlCi)
'.t!d« 1,o;hi >;i Id*
":ilt*.i
.
1 ’rU*.‘
1
''t,|"i
-.1
rid*
lltsh.
KrlOttv
<*
i
1 ‘i
''.I ’
Dull.
l.tillft
'
I
l*i»
,
not.
'
^
1
l
i-
*
I'fH-l-
Dm'
-•
•fillet
t
»
0.1
-
■«
■
i'll
,
i
I’rlc
; v
.
t.lu l»‘t
*
'
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Sr fit. 1 to
7.it> 05 )
.
!
1S"2SJ
•>V;0. 1 to
Juh, yl
j'.)'.i'7.'>
*2 ii
'urn.
I.sSBh*.
'..j.
4*.
'
.
|
/
/Vi's.
4.4S2P981
i
1 t“
] J nli/ ‘2\.
lth<
OontiMHnl.
msa M
| Stilt. 1 to
July K'.
Un. Kln/a-im
Wtu e.
•
i
t
-
i
sea sou:
l'lour.
Sept. 1, to
ri
I
| ■Tit',n.,i\
Brportg nv •
n
7/>.'1
lo*.«;sj • .i ij.»,'»;
l vj. i .3
n hi
thv
e
}
II V \«.
i
Total...
of
course
N
* .
»
0.2 - l
02 5
shows the
.
lo*
1 *1 in*
I’rin*
Sale-*
Sitlt-s
l.DO#
I’rict*
.
Suit-*
...
I’rlco
...
Silt-pt
Total.
l.ooo
379,813
lYaiisienttih* .Vuliics -Satui 1
93.729
ilay, S
114,907
Thur-'lay, 3-35
3'34; Mi>ttil;tw3'35: Tiut.sl
l’riil.iy, 3 3 >.
:
tv,
tv,
H'llO; Wotliuw-
Domestic Woolen (.icons.—Aside from men’s-wear
woolens,
TofU.
0,735.919:
7.941 379 40. () i 5(W 0> 5 47 277 30 09r.5IS! 4l.i’O I 300
which continued quiet, then* was a little more animation in
The visii>le supply of grain, comprising tiie stocics in
Flannels were more sought after,
granary I this branch of the trade.
at the principal points of accumulation at lake and seaboard
and though buyers exhibited a good deal of caution, transac¬
ports, and in transit bv' rail and w.iter, July 19, 1881, was as tions footed up a fair aggregate amount. Blankets were also
follows:
! in fair, but irregular, demand, and there was a
pretty good
Wheat.
Oil M,
Corn,
movement in shawls and skirts.
Barley.
Rye,
j
Repellents
with
met
consid¬
(n glare, ai
bus-ti.
bush.
bush:
bush.
Kush.
erable sales, and there was a
Now York..
steady though limited inquiry
881.0 42
718.213
400,599
17,492
for cloakings.
Do afloat (oat.).
42 000
772,5'>0
7.8,ooi)
Kentucky jeans have received more attention,
45,000
and a light business was done in satinets.
Albany
8,000
4000
31,500
Soft wool suitings
B iftalo
480 407
916
31,328
4 300
495
and sackings were more active in agents’ hands, and there
Ciiioago.
2,5)38.750 1,288,512
272,383
31,070
33,811
was a freer demand
for worsted dress goods.
Milwaukee
4 51
773.90(3
21,1 IS
Carpets were
159,930
...
—
.
......
Dilutli
Toledo
Datroit
712.929
353,741
80,453
Oawego
105.000
Sr.. Louis
514.100
Cincinnati
30,183
Boston
40,293
142.893
Toronto
Montreal
Philadelphia.....
Indianapolis.
Kin3 t8 City
-
12.203
75.922
478,097
4.901
17,625
47,000
16 J,803
7,700
8 1.594
24 500
Baltimoi e
D »wire! ssissippi.
O i i-ai:
Onlale.
442.081
4.050
3 »0,030
1,23 >,231
872.113
On canal
1,197,108
442,570
158,442
119.032
941 370
17
7,233
0,073
2,937
5,327
l;n.
100,817
005.107
15,031 015 15,951.573 7,510 503
133,730
117,018
5.438,014 2,785,910
6,728,710 3,531,235
Importation* ot* Dry Goods.
8.000
3 >1,012 1,725.143
2 V8J.
223,101
239 200
The
importations of dry goods at this port for the week
ending July 2d, 1884, and since January 1, and the same facts
for the corresponding periods of 1883. are as follows:
293.874
377,331
H
PJ
o
ibiSSfl
sspsos,
a
d
y Hi
*-“o
jn ^ *
f-f.
THE
DRY
GOODS
M
.
3
» •
c,
fail and cw:ntei fabrics
-1
§
eases
by commis-iou houses and
white bed-blankets
were
■
the difli uiiv
raising money through their usual channels,the j .bbiug llrm of J, H. Wear, Booglu-r & C_>., St. Louis,
Mo., have b on compelled to make an assignment. The assets
of the lirm are said to he S >20,0 U); and the liabilities,
though
not droiuiicly a sc Trained, are probably under that amount,
and it is generally thought that little if any loss will be sus¬
tained lov the creditors.
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the week were* 1,109 packages, of which 379 were sent to
Great Biitain, 101 to Argentine Republic, 9i to Hayti, 88 to
U. S. < f Colombia, and minor shipments to other foreign
markets.
There was only a moderate demand for plain and
colored cottons a> liist hands, but selections were numerous,
ami a fair aggregate business was done by loading commission
Prices are without quotable change, but it is a buy¬
houses.
ers’ market lor many makes of goods which have not
j
t
2
•
j
>e c©
participated in the late decline. Stocks in first hands are
undoubtedly large, owing to tiie protracted lull in the demand,
and prices are not likely to improve until manufacturers have
; ;
•
:
:
Si i Pi
®.
—
-
Goods.—The
:
:
o —*
-
c
i
X
Cotton
3
1
I-*
©i ©»
exports of domestics for
Domestic
;
: :
.
CO ©0 |
sold at auction in the !
m
rf-
©:
early paid of thf* week, to fair advantage, the prices obtained ;
having been ab.mt id to 171 g percent below the rates realized i
for tic s un goods at a public sal-- held list October.
Owing I
to
j
:
*3!
import! rs. Western and Southwestern package buyers were
largely represented in the market, but they are evidently de¬
termined to purMic a.c lUlious hand-to-mouth policy for the
present, and their purchases were conducted on a far less
liberal scale than-at the corresponding time in former years.
About lib')
»
“
£2 g © £
as
^
—
: g
O
July 25, 1884
f
2
;h
o
o ►-* C?
Q
Business continued very quiet in the jobbing branches of the
trade the pot week, but there was a slight further improve¬
ment in the demand at fust hands, and a fair distribution of
made
3
$g
§::«:§
^
2 • •
• «-+
TRADE.
I’kidw, P
was
booked by sales¬
were
90,282
1 /.74«.50.» 11.181.500 3.702.8 )8
10,912,2 8 : 0,*>2 1,95 l 1,187 214
.liil'v
fair orders
some
the road, and a moderate distribution of
hosiery, knit
underwear and fancy knit woolens was made by agents^
Foreign Dry Goods.—There was a better demand for a few
180,000
413,577
1,952
11.739.588
12.400,481
Tot. July 23. ’81
the spot, but
on
89.218
11.777
1.000
721
10.707
18.890
580.520
7,451
05.970
T< t.
F. t.
July 19/84.
July 12/84.
Tot. July JL. S3.
quiet
men on
specialties in foreign goods, but the general market was rather
’*547 quiet than otherwise. British dress goods continued in fair
request, and more inquiry was extended to Continental fabrics.
031
Velvets, velveteens, silk and mohair plushes were severally in
19*6*01 pretty good demand, and there was a fair
inquiry for tine black
4 POO
silks: but other silks ruled quiet. For woolens, linen
283
goods, laces
12,122 and embroideries, the demand was light and spasmodic, and
hosiery and gloves were m limited request.
31.008
503
19 411
2.550
170,072
1,000
27,003
1*800
48 852
22.422
19,509
245,238
105,205
190,239
Peoria
2,813
8,413
23.7<»5
1,00 )
103.000
i
cf
X
X
d
1
i
'
»
106
THE
(Commercial Partis.
|Tol. XXXIX,
J'ontlicrn JJauTtcrs.
Brinckerhoff, Turner
&
CHRONICLE,
Thos. P. Miller &
J'tcamsltips.
Co.,
BANKERS,
Co.,
1
:
Direct Line
IHORILE, .UiABAUJA,
•
Special attention paid to clleo*ion*, w ith p'oer t
'en iiranees a.t current rates- ot o\eha« ire on
day f t
j
Hoy a:.d soli moe
A ‘v.ty.ur.u and City
j ii >i :*iic i>ood>.
Manufacturers ana Dealers In
COTTON SAIL DUCK
j1
('-'in-..,
V.
*
in f,|!
It.r.1
r-
-
K .ij'-.
~i- j>
i - i-
.;
;
;•
,
r,*;»
t- -
l*
FELTING
DECK.
-"V,
CANVAS,
C9VKLINU, BAGGING. li.VVK.>j< J * t »•;,« u».
TWINES, 4c., “UNrAKlu” r.".,
hAGS, “A\VNIN'. STili.•;
•
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e-R
BhidcinK—
I•*FiDi.NDS on Railroad Stocks .sold at tho
Rxeliunges in New York, Boston, Phi .nu ;pliia and Baltimore, ]»;:iil during car'll of
the, six years. 1878 to ISto, mchudvi,'and
prior to July in 1384.
Uariiiiigs.—
Gross and Xkt Earnings
so
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for
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periods of 18o3.
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ARKANSAS.
anti the Mel ronolitaM National liank. ‘
15 A N
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Capital (Paid iu) - - - $250,000
Prompt attention given to all business in our line.
N. V. CoimKsi’oxuKNj'.s — Doimell, JaivYson ic Co.
Thus. M. Thounton.
Jul>
R Vll.l.OAD aNJ» ...O
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Bank,
ROCK,
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Status Sacpranus- For
1S83 and
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FuNEA, 1 STATE ft v.NK, ((
President.
\ Incorporated is;u.)
LITTLE
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Defaulted Bonds of Missou
^necialty. Good Investment
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Railroad Bonds and Stocks in New York—
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( E. 'v ELiiUS i.E\.
•'Genc-ii vt,
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German
^olpSy ALL DEALERS Tiroucm
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BNGI.AMt).
Keleher & Co.,
F.
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41Io 10 i>er c<*nr. for "ale.
T 5 E S
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1 i'cccinn < iil
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LONDON,
Dealers in WeMe;
CAKS#ETS.
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For the year 1Ss3, and to July i;t 18S4.
Railroad Ponds and mocks in Boston—
general Finmcial am> A ut i'c.i Ur
the State of Texaa ana Em*-pn.
::or>
CUTECE
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His?lies!
Mortgage
LIMI1KJW
New York Correspondentb;
Bi.ake Bros. & Co.,
Wall Street,.
Mo.
lIFiufacturers’Agents for the sale of Jute BagKlng
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WARREN, JO\ES A: GHATS,
V O T T O %
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STREET,
ESTABLISHED
B AGO ilv! G.
'i F? «ti A
of
DOAJ7AQ State, County, City, Town, School,
ljyJiy JL/Oj
and Car Trust Bought and Sold.
TIES,
IMPORTERS OF Ic.ON TIES.
IMPORTS HU
BA.\94E1&!»,
DEARBORN
c.ii
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Texas Land &
LANE,
LOUIS,
I >!>'<’till*
Jt-rnili.st
THE
(for Baling cotton.)
A*renls for t lie following lininds of .Jute Bapsrlnpr,
.:*rle Mills,”"Brook!vii (’ity,”“i;eor^ia,”‘,(‘arolina,”
Nevi.is. <
MI ni el Star.” “Salem, ’ “ 1 lor icon Mills,”
Jersey Mills” ami “ I lover Mills.”
ST.
w i
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The funding of entire issues receives special atten*
Write ns if you wish to buy or sell.
YORK.
AXiP
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Bullard & Wheeler,
MAIOEN
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the Chicago
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COM .VELVET
Board of Trade, for cash or future
delivery, a specialty.
Special Information, indicating course of markets,
freely furnished upon request.
on
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A. full supply,
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NEW
From Pier (nev) 42 North River foot of Morton St.
Travelers by this line avoid both transit by English
Railway ar.d the discomforts of crossing the Channel
'
And ail kinds uf
COTTON
France.
to
WENPKAL TRANSATLANTIC CO.
Between
Vink.
sc •
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so.v,
(Establish'd 1°.*9.)
IS s
a
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12 IS O K E 15
bll!- LB WILLIE,
ILLINOIS..
Collections made in rbidb.. ana
aid Pn>cec.fs rciuiitcd on »ia>. * t
Ri£FKREN(,'F.i—Nufi -uu!
Price in Hed Leather Covers,
S,
..nisk
a'd.ini:.**
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ChroaK-ie,
V
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Counties
I'a'-a'ent.
ct'ee.Netv
Cim*nati. Third
off
Fork.
Ci.ion National
Bank.
Mutton--j litnk. Ft. i.onnt. Ttaders*
Harrison's B nk, Indianapolis
>-
To Subscribers of the
-
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Bank, Chicago,
WILLIAM
79 dc 81
C. DANA A
C-B,.
WILLIAM^ STREET, NEW
Yu! K
@FedFRASER