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HUNT’S
MERCHANTS’
MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
[Entered, acoordlng to act of Congress, In the year 1882, by W». B. Dana & Co., In the oflioe of the Librarian
VOL. 34.
SATURDAY, JUNE 10, 188£
CONTENTS.
Flnancial Legislation
THE
Necea-
The Financial Situation
646
Railroad Earnings in .May, and
from Jan. L to May 31
648
THE
Monetary and
English News
Money Market, Foreign Ex¬
change, U.8. Securities, Stato
650
Commercial
Commercial and Miscellaneous
BANKERS’
News
GAZETTE.
651
654
Quotations of Stockaand Bonds 658
New York Local Seourities
659
Railroad Earnings and Bank
656
Returns
660
Investments, and State, City
Range in Prices at tlio N. Y.
Stock Exchange
and Corporation Finances... 661
657
THE COMMERCIAL TIMES.
Commercial Epitome
664 I Breadstuff b
669
Cotton
664 | Dry Goods..
670
Bonds
Washington.
NO. 885.
around other
CHRONICLE.
The Egyptian Diffioulty
645
sarv
and Railroad
Stocks
of Congress,
and
people’s capital and make it do his behests
willing or unwilling. This statutory way of putting one’s
hands into one’s neighbors’ pockets, is held in no higher
repute here than the less elegant style practiced by the
inmates of the Tombs, and has also the disadvantage of
not being as successful. The world's experience has
taught
us—Mr. Beck to the contrary, notwithstanding—that the
only way capital can be held in active use is to afford it
stability, security and profit.
For these
reasons we
are
troubled at the lack of
earn¬
estness shown in
Congress over financial measures. The
Bank Charter bill is essential to the quiet,
orderly, undis¬
3?Ixe (fthrmxiclc.
The Commercial and Financial Chronicle is
New York every Saturday morning.
(Entered at the Post Office, New York, N. Y.,
TERMS OF
as
published in turbing reorganization of many millions of
sccond-cluss moil matter. (
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regular rates, and single copies of the paper supplied at Is. each.
WILLIAM B. DANA, i
WILLIAM B. DANA & OO., Publishers,
JOHN a. FLO I'D.
79 & 81 William Street, NEW YORK.
i
The office of the Chronicle
tal.
banking capi¬
That
capital and the currency department of the
recognized as vital parts of our internal com¬
merce—the nervous system so to speak of our entire busi¬
ness
organism. Knowing this we advocated two weeks
since the passage of the Bank charter measure in the same
banks
foriii
are
it left the
committee
House.
The
amendments the
Senate
propose to adopt would very likely make
the bill much better than they found it.
But the question
is
not
now
what
would
bo
the most
perfect law for meet¬
ing the crisis, or how faultless a measure the Senate
committee can draft, report and pass through that branch
Post Office Box 958.
of our National Legislature.
There is another legislative
I INAN CIA L LEGISLATION NECESSARY.
department to be consulted, and its views have been
Congress cannot afford to lose time nor show lack expressed in the bill adopted by it after many weeks of
of wisdom in handling and disposing of the financial doubt, discussion and contest, a measure the
imperfection*
questions now before it. The Crapo Bank Charter bill is of which we showed were wholly innoxious.
If th*
at present in the
Senate
committee
amends
the
bill
as
Senate; the Silver Coinage bill is in the
proposed, it must
House; but few in either branch appear to show any haste go back to the House very late in the session to be fought
with regard to either measure, while outside of Congress over
again, perhaps loaded down with worse provisions
this delay is fixing upon the country a
than
it
now contains, and possibly to be lost.
feeling of appre¬
On the
hension and distrust which has for soma time been gath- other hand, if it is
reported without amendment, it can
ering.
probably be speedily passed in the same form it passed
With the present promise of good crops realized, and the House, and the vexed question of the
reorganization of
with financial wisddm at
the
banks
be
Washington, there is a certainty
put at rest.
of a favorable
We
year's business, with moderate prices for
repeat, then, that lack of time, the extreme urgency
the necessaries of life.
With no relief to our finances in of the subject, and the doubtful character of the action of
the particulars specified, the
present anxiety and nervous¬ the House if the questions involved are again opened,
ness will increase and dullness will
prevail never mind should set the Senate against any and all amendments.
what crops are raised.
Wo all know that it was not Furthermore—and this is a reason for speedy action that
abundant harvests alone that gave us the'buoyancy of the may be overlooked—there is another financial measure ot
last three years. Confidence was the
product of specie equal if not greater importance than even the Charter bill,
payments and the assurance it afforded of stability to which Congress must not fail to give us, but which may
values. Now capital fears, and has reason to
fear, a dis¬ be put back and thus endangered if the Bank bill is again
turbance and perhaps a reversal of that condition which discussed in the House. We refer to the measure reported
has been the basis of
its-past action; so it hesitates, holds by the Banking and Currency Committee for the stoppage
back, avoids passing into fixed forms, and thus enter¬ of silver coinage, &c. It is not necessary to discuss that
prise is checked.
We have no one in this vicinity like subject again, a3 we have often and recently done so.
Mr. Beck, who claims the
power to throw his toils But the need for the proposed legislation is becoming very
THE
646
CHRONICLE.
The continued shipments of gold and the decreas¬
ing visible supply of that metal, while silver dollars are
multiplying at so rapid a rate, added to the known natural
effect of an inferior currency to crowd out the better, are
giving shape and new force to the fears so long felt as to
the future of our currency.
No one can tell when the
moment of change may come, and capital always scents
the danger afar; so that this peril is even now having
its influence and may increase in force rapidly if circum¬
urgent.
.
stances favor it.
will insist that there is no such
danger—it is all imaginary. Yet even if we were to
accept that view, and admit that the change feared will
not be realized, that fear is none the less a real obstacle to
enterprise; for the belief in, and the looking forward to,
the change by moneyed classes as a probable event, pre¬
vents buoyancy and business activity just as surely as if
the fear was to be realized.
Everyone now engaged in
developing any great enterprise is experiencing the truth
of these statements; for, although capital is very abundant,
never more so, it shows unusual timidity, seeking the form
of temporary rather than permanent investment.
In
some
respects capital appears to be lapsing into the
condition of the years just previous to 1878, not to
be set free again until, like then, we are relieved of the
doubt touching the stability of our currency.
Congress, therefore, should not fail before adjournment to
stop silver coinage; and it will be a help to that end if the
Crapo Bank Charter bill i6 speedily passed and not returned
to the House, so that the Banking and Currency committee
may be left free to give its time and energy to the silver
But some,
bill
of
as soon as
it
course,
can
be reached.
Business interests
are
greatly disturbed. There is, however, a go»d
prospect that the next twelve months may be more pros¬
perous thau the last have been.
The speculative mania
which had begun to affect ali interests has been checked.
just
now
Values have fallen
on
Wall street.
ward in commercial markets.
The tendency is down¬
Thus we will soon be in a
much
safer, sounder condition than a year ago for busi¬
ness enterprise.
All we need, then, for a new lease of
prosperity, is to remove the clouds which hang over our
currency.
A
[Tot. mi*
of considerable
uncertainty, however, respect¬
ing the^ future, has been our money market Rates are
very low now for call loans, but time contracts are not in
favor, the more general feeling being that, with our past
and prospective loss of gold, when the demand sets in for
funds for moving the crops, there will be great
stringency.
Undoubtedly there are good reasons for the belief, but
they are based upon the foregoing fact of our specie
shipments added to the expectation that our foreign trade
balance is growing so bad we are not likely to import
specie
this autumn.
As one^result of our gold exports up to this
time the holdings of lawful money by the
Treasury
Department are smaller considerably than at this date any
year since refunding began, so that there seems little
probability of the banks securing anything more from
the Treasury than they pay to the Department
during
coming months. That is to say, the Treasury has less
surplus balance than usual, so that its operations will be
chiefly confined to receiving its revenues and paying
them out when bonds embraced in calls for redemption
To show the present position of the
are surrendered.
Treasury we give in the following statement the amount
of gold coin, bullion, legal tenders and National Bank
notes included in the Treasury assets. June 1, 1882,
and June, September, October, November and Decem¬
ber 1, 1881 (000s omitted).
U.
source
8. TREASURY
HOLDINGS OF GOLD AND CURRENCY
(0008 OMITTED.)
1881.
1832.
Kind.
June 1. June 1.
$
Gold Coin
93,000
Gold Bullion
60,918
31,900
7,400
Legal Tenders
National Bank Notes
Oct. 1.
Sept. 1.
'
Nov. 1.
Dec. 1.
‘
$
70,986
92,783
26.922
$
82,300
87,100
29,300
7,614
4,000
$
76.600
97,700
27,100
4,400
$
$
76,000 85,600
96,900 92,500
26,300 26,400
4,500
4,600
193,218 198,305 202,7001 205,800 203,800 209,000
Total
So far
city banks are concerned, their position at
the present time reflects a similar loss through gold ship¬
ments.
The drain to Europe has almost wholly fallen
upon these institutions, and the way in which they have
hitherto been partially reimbursed is through the SubTreasury and from the interior. We have seen that
the Sub-Treasury has little more to give except what it
as our
receives from week to week.
The bank statement of last
Saturday shows the following holdings of legal-tenders and
gold. We have added corresponding figures for the same
While there has been no marked improvement in the
date of the two previous years.
Situation this week, the prospects are a little more en¬
HOLDINGS OF NEW YORK CITY BANKS.
couraging.
To be sure, more gold has been sent to Eu¬
1880.
Kind.
1882.
1881.
rope, but so far as our banks are concerned, the void has
$21,934,800
been filled from the Treasury, while the constant flow of Legal tenders
$24,922,600
$18,325,300
61,109,000
76,052,100
53,692,900
Specie
legal tenders from the interior to this centre assures us of
Total
$83,043,800
$78,615,500
$94,377,400
easy money for the present.
The above indicates that the banks have about 16
The circumstance of chief importance, however, has
been the greatly improved weather for the crops, and millions less lawful money than they had at this*date last
the more hopeful feeling which, as a consequence, is year.
Furthermore, the previous statement shows that
reflected in the reports from our farming sections. the Treasury has 5 millions less than a year ago, and that
This fact and the continued favorable showing as to after this date in 1881 its balance was an increasing one.
earnings of Western and Southwestern roads — re¬ Now add to the above the fact that from July 1 to Dec. 31,
marked upon more fully in another column—have im- 1881, we imported 30 millions net of gold, and we have
parted a little more steadiness to our stock market, ena¬ presented the argument for a stringent market this fall IQ
bling it to withstand or speedily recover from the shock of all its force.
an
This of course looks formidable.
But on the other side
unexpected and extensive failure. The ready response
Wall street thus gives to each promising turn in the of the question it is to be remembered that there will be
crop prospects, proves that if Congress would only make very many less calls for the use of capital the present
provision for the two most glaring defects in our financial summer, and in at least the early fall months, than for the
system, which we have called attention to in a previous same period a year ago. In the first place railroad build¬
article, there can be little doubt but that under such re¬ ing is far less active. This was a fruitful source for the
medial measures the other evils remarked upon last week absorption of funds in 1881, money being paid out in
would correct themselves, and a fairly favorable season for large amounts for that purpose and' in very remote dis¬
THE FINANCIAL SITUATION.
.
,
all interests would be the result
tricts.
Now those moneys are
returning here
and may
THE CHRONICLE.
io.«)
=
=
647
~ r
1
The Bank of England reports a decrease of £13,000
do so through the summer. Many other of
our industries are also less active,
notably the iron bullion for the week, and a withdrawal of £50,000 on
balance on Thursday.
The return of the Bank of
industry. Finally, there is likely to be less speculation,
France shows a gain of 13,125,000 francs gold and of
especially in commercial circles, and lower prices for all
products. So that there may be doubt whether there will 1,175,000 francs silver. The Bank of Germany since
be as great activity in money as anticipated.
Furthermore, last report has gained 4,360,000 marks. The following
exhibits the amount of bullion in each of the principal
perhaps by August our merchandise imports will have
been so reduced as to change the course of o.ur foreign European banks this week and at the corresponding date
trade, and with dear money here imports of gold might last year.
again be started.
June 9, 1881.
June
continue to
...
-|»r»"-
The Treasury
8, 1882.
operations for the week, excluding the
receipt of $1,00®,000 gold from Philadelphia, have re¬
sulted in a loss, which is a gain to the banks, of $3,963,-
mainly in consequence of the disbursements for
bonds, the call for which matured on the 7th inst. The
following shows the interior movement.
610 38,
Receipts at and
Received.
Shipped.
$2,541,000
36,000
$516,000
$2,5V7,000
$516,000
Shipments from N. Y.
Gold
Total
Bank of
Silver.
Oold.
Silver.
£
£
£
£
25,902,159
23,142,099
37.775,485 46,315,889 25,028,354 49,490,830
7,380,750 22,142,250
7,300,750 21.902,250
England
Bank of Franoe
Bank «f
Gold.
Germany
58,311,263 71,633,080
67,650.218 68,004,232 58,181,040 71,534,400
68.218.334 68,218,139
Total tliis week
Total previous week
The above
gold and silver division of the stock of coin of the Bank
Germany is merely popular estimate, aa the Bank itself gives no
information on that point.
of
The
stock
market
was
irregular and
generally
America received $3,150,000 on account
heavy in the early part of the week, being influenced by
of the associated banks during the week, and paid out
the labor troubles, by reports of an unfavorable charac¬
The Bank of
$2,000,100, all of which went to Europe.
regarding the corn crop, and also by free sales of stock
it subsequently appeared were mainly for the
rising averages for specie. Considering this, the follow¬ account of W. B. Meeker & Co., who suspended on
Tues¬
ing will give an indication of to-day’s statement.
day afternoon. The market yielded under the shock of
Into Banks. Out of Banks
Ret Oain.
the failure, but it rallied on the succeeding day, and there
$
$3,963,610
$3,963,610 was a better feeling on Thursday, only to be followed on
Bnb-Treasury operations, net...
516,000
2,061,000
Interior movement
2,577,000
Friday by a return of depressing rumors of failures and by
2,250,000
*2,250,000
Gold exported tliis week
lower prices, the close, however, showing a recovery
Total
$2,766,000
$3,774,610
$6,540,610
in tone and in part in values.
The Vanderbilt stocks
Loss.
Last week’s
bank return
doubtless made
was
ter
up on
which
1
exhibited great strength on Thursday and Friday, on
foreign exchange market has been rather quiet.
A demand early in the week could not be satisfied without reports that the earnings for May were better than had
been expected.
The market is still a manipulated one,
shipping gold, and consequently $2,250,000 went out by
the steamers sailing on Wednesday, and about $1,250,000 and it will probably remain so until there are more definite
Prices are sensitive to
of this is said to have been drawn for on account of the assurances regarding the crops.
Some of the gold was in the form of ingots reports regarding the labor troubles, and speculators for
Italian loan.
taken from the Assay Office, where they were exchanged a decline resort to exaggerations of these and all other
difficulties when the simple truth fails to produce an
for gold coin under the recent law of Congress.
Some
bankers assert that there is a profit of about £ of a cent impression upon the market.
A caucus of the controlling party in the House of Repre¬
per pound sterling in sending ingots instead of coin, while
The
sentatives has decreed that the tax shall be removed from
difference, if any, is very
bank deposits, bank checks and perfumery, and that it
slight. The latest mail advices quote gold ingots at 77s. 9 Jdshall remain on bank capital.
There are excellent reasons
per ounce standard, while American gold coin is quoted at
why the tax should be removed from capital as well as
76s. 3^d. per ounce, without reference to the standard.
In fact, if it is removed from deposits and
The ingots are 998-1,000 fine, while the coin has about from deposits.
from
not
capital it would be a source of weakness to the
10 per cent of alloy.
If full-weight coin could be procured
for shipment there would probably be little advantage in system, since some of our smallest banks have the largest
sending ingots, but coin is more or less abraded, and deposits, attracting them by paying interest. It is very
other bankers claim that the
desirable for banks to have large capital, for it is a
that shippers will take ingots in
preference, especially while they can so easily procure guaranty to the depositors, of great importance in
times of panic.
Leaving the tax on capital, however,
them in exchange for gold corn.
At the time of writing
there was little probability of any shipments of gold would discourage large banks, by increasing the profits
to-day. The following shows relative prices in London of, or, in other words, by paying a premium to small
and New York for leading bonds and stocks at the opening ones.
The Assay Office paid $52,770 through the Sub-Treas¬
each day, indicating the margin of profit for cable transac¬
ury during the week, and the Assistant Treasurer received
tions.
the following from the Custom House.
therefore it is expected
June 5.
Lond'n
N.Y.
June 6.
June 7.
Lond'n N.Y.
Lond'n N.Y.
June 8.
June 9.
Lond'n N.Y. Lond'n N.Y.
prices.* prices. prices.* prices. prices* prices. prices.* prices. prices.* prices.
U.S.4s,c.
120*41
120 %
120-41
120% 12025
120*4
U.S.3%s
101-53
101
101-53
101
101
Erie
34 08
2d oon.
HI. Cent.
9110
133-17
N. Y. C.. 127-15
Reading
2673!
34%
mi
134
126-%
53%
10143
33-96
33%
3344
90 25
89
88-81
133*17
126-79
20-60+
133*4 132 79
12634 42617
52*4 23-70-t
33%
88%
132
125%
mi
12f*29
12017
120%
101*46 101%
33-03
84%
88-69
88%
132-66 132%
133 28
12703
12740
127
27-07+
51
101-43
34 05
89-18
27-39+
Exch’ge,
cables.
4-00%
*
^pressed
t
Reading
4-90 %
4-90
in their New York equivalent,
on basis of $50, par value.
4-90
4-90
120%
101%
34%
88%
Consisting of—
Gold.
2....
$435,808 46
“
3....
“
5....
319,422 63
490,773 44
722,680 99
June
133
127%
54
Duties.
Date.
“
6....
“
7....
“
8
...
Total...
360,876 23
492,392 42
$2,827,954 17
.
$339,000
280,000
359,000
492,000
242,000
335,000
JJ. 8.
Silver
Silver
Notes.
Dollars.
Certificates.
$18,000
9,000
23,000
44,000
43,000
65,001
$2,047,000 $202,001
$79,000
$
30,000
1,000
109,000
185,000
1,000
82,000
93,000
$2,000
$578,000
THE CHRONICLE.
648
RAILROAD EARNINGS IN MAY, AND FROM increase of over 30 per cent.
of 15£ in April this year was
JANUARY 1 TO MAY 31.
Contrary to general expectations, the earnings for May
a very satisfactory exhibit.
The percentage of in¬
crease is not now as large as it was some months ago, but
in view of the apathy pervading all business circles and
the small volume of grain and provisions traffic, and the
make
predictions of many that there would be a falling
compared with a year ago, any increase at all is grati¬
fying. Of course, as our readers are aware, our statement
does not include the larger trunk lines, and these, taken
as a whole, probably exhibit diminution—according to the
latest returns to hand, the Pennsylvania (to April 30) had
heavier earnings, and: the Michigan Central and Lake
Shore (to March 31) lighter earnings than in 1881—but
the increase shown in the table is so large ($2,303,110)
that there would remain a fair amount of gain even after
allowing for a pretty decided decrease on the trunk lines.
confident
off
The table is
as
$
199,278
21,451
57,902
81,417
2,353,000
553.412
Chicago & Alton
113,113
14+357
1,029,000
2,053,133
400,420
43,255
Chic. A Eastern Ill
Chic. A Gr. Trunkt...
Chic. Milw.&8t. Paul.
Chicago A Northwest.
Chic. 8t. P.Mtnn. & O.
Cleve. Ak. A Col
Ool. Hock. Val. A Tol.
Denv. A Rio Grande..
Des Moines & Ft. I).*.
Detroit Lans’g A No..
East Tenn.Va. A Ga..
Evansv. A T. Haute..
Flint A Pero Mara*...
Gr. Trunk of Cauadat
Great West’ll of Can.t.
Gr. Bay Win. A St. P..
Hannibal A St. Jos...
Illinois Central (III.)..
239,817
014,298
15,952
134,570
231,140
03,371
119,327
821.101
305,813
30,289
154.917
Increase 01
*1832.
Decrease.
1391.
St. Louis A San Frau..
St. Paul Minn. A Man.
Scioto Valley
Texas A Pacific
Tol. Delphos A Burl..
Union Pacific
Wab. St. Louis & Pac.
3,803
2,778
1,042
940
144
322
+99,531
1,062
090
—160
87
222
900
1U
317
+8,2e3
55,748
+7,623
111,103
822,229
+ 8,224
87
222
900
157
345
-1,128
1,456
1,406
405,499
37,117
172,950
-39.680
807
219
292
919
402
163
323
807
219
292
919
402
541
025
318
335
163
328
2,025
1,840
275
250
697
796
506
754
128
213
103
195
121
036
597
718
100
800
+ 18,572
+ 23.071
203.075
200,001
70.319
102,005
32,700
157.003
828,725
44.550
393,745
589,470
145.803
312,705
24,824
30,790
19,295
'
—6.828
-18,033
+7.717
-6,227
—17,510
+ 65,-r‘l 1
541
+ 873
302
-9,121
-2,500
+ 22.479
+ 117,710
+ 19,382
+ 80,589
3-65
—28,569
-8,158
+ 255,027
+ 0,00 /1
+ 1.743;
+ 2,0 4 6
731
1,230
934
528
1,172
128
254
108
195
121
723
061
912
127
68,850
519,120
253.419
858,903
121,937
50,240
479,075
283,399
382,042
43,343
409,228
231,783
70,021
+ 127,145
+ 27,653
1,230
48,368
2,491,590
1.204.861
2,319,238
1,144,661
+ 172,352
+ 60,203
3,739
3,350
93,992
St.L.IronMt. A So...
4,255
3,285
10,112
110,004
94,484
940.435
03,938
430,334
560,907
137.045
508,332
30,831
3S.533
21,371
2,634
847
840
230
220
335 |_ 335
+ 125.290
Lake Erie A Western.
Louisville A Nasliv...
Milw. L. Sh. A West..
Mo. Kan. A Toxas
Missouri Pacific
Mobile A Ohio
Northern Pacific
Ohio Southern
Peo’ia Dec. AE vans v/
Roobester A Pittsb...
St. L. A.AT.II. m.line.
Do do (branches).
2,994
514.707
Jvan.City Ft.S.A Gulf*
30,200
179,482
+261.589
144
322
170,319
Long Island
564
140
300
190
34,092
114,527
235,830
71,192
Little Rock A Ft. S...
020
116
38244
+ 4,850 1
+ 25,817
+ 46,394
+ 90,509
+ 179,127
+ 56,295
350,125
1831.
1,148
-24,703
+ 10,350
—
1,538,491
1,879,006
527,200
145,993
Lnteru’l A Gt. North..
$
+ 33,648
$
105,030
22,599
82,005
74,067
2,091.411 |
543,556
117,206
101,973
534,933
139,706
182,554
Do
(Iowa lines)..
Jud. Bloom. A West...
Mileage.
Earnings.
of road.
13S2.
-
three
first
20,909
—27,945
+ 18,610
+40,045
-29.980
+ 476,261
+ 16,374
Total
395
■
285
3,446
2,479
20,824,492 18,521,382 +2,303,110i 42,345 36,949
There is thus
May in each year,
an
The Chicago &
an
increase somewhat
RECEIPTS OF FLOUR AND GRAIN FOR FOUR WEEKS ENDED MAY
Flour,
Ibis.
Chicago—
1882
104.782
....
1831
Milw'kee—
1882
1881
St. Louis—
1882
1881
Toledo —
1882
1881
Detroit—
1882
1881
Clevel’d—
1882
1881
Peoria—
1682
1881
Duluth—
1882
1881
....
....
....
....
....
t Four weeks ended May 27.
increase for May of 12£ per cent,
Corn,
Oats,
Barley,
bush,.
bush.
bush.
bush.
159,492
Rye,
bush.
233.913
62,312
148,623
31,072
172,117
142,140
302,391
98,506
30,018
39,245
442,459
501,900
50,207
45,360
7,788
9,084
60,871
151,503
5,550
2,500
708
33,436
14,992
535
109
450
250,807
293,974
292,865
071,885
180,180
82,940
116,753
88,100
517,568
873,936
1,223,890
1,942,845
'
27.
o,l / 0,20< 1,479,951
3,870,768 2,797,381
598,901
*
....
„
....
....
....
....
....
....
,
Wheat,
210,359
....
Three weeks only of
March 31.
to
larger than in April,
Burlington Cedar Kapids & Northern exhibits a
gain of over 33 thousand dollars for May, against a loss of
$6,000 in April. But the St. Paul Minneapolis & Mani¬
toba is, as in past months, conspicuous above all other
roads for its heavy gains.
The increase is simply enor¬
For May it amounts to $476,261, or over 124 per
mous.
cent.
Each week seems to record a larger gain than that
immediately preceding. For the fourth week of May,
for instance, the earning3 reached the large total of $319,.
589, against only $123,096 in the corresponding period
last year, a gain of $196,493 in one week !
The road
runs north from St. Paul, Minnesota, to Manitoba, is with¬
out a competitor, and is receiving the full benefit of the
immense immigration Into that district and the consequent activity in all branches of trade there, which this
brings with it. To show what sort of an influence upon
the roads in the "West, the grain movement was in May in
the two years, we give below our table of the receipts of
flour and grain at the leading lake and river ports.
....
+
months
and the
1
Cross
Burl. Ced. Rap. A No.
Cairo A St. Louis*
Central Branch U. F.
Central Iowa
Central Pacilio
the
Northwest ha3
follows.
GKOB8 EARNINGS AND MILEAGE IN MAY.
Name
In other words, the increase
made on earnings of 1881 25
per cent above those of 1880, the increase of 12 J per cent in
May on earnings of 1881 only 17 per cent above those of
1880, while in June wo will have to compare with figures
of 1881 almost one-third greater than in 1880
in fact
with the largest June figures ever made.
It is the June
earnings, therefore, rather than those of May, that will be
most eagerly scanned for any sign of chango in that
upward movement in railroad earnings which has been in
progress now for over three years.
It would be no cause
for surprise should we witness a decroase.
The roads in the Northwest still record heavy
gains,
though in some instances the increase in May is smaller
than that of April.
Notably is this so in the case of the
Chicago Milwaukee & St. Paul, which has only $90,000
increase, against $258,000 in April, and $1,782,000 for
-
2,575
4,125
741,431
991,215
1,359,055
330.501
12,331
231,816
154,894
31,025
338,551
82,918
77,725
43,544
9,359
7,327
38,437
41,303
115,301
7,500
46,000
205,050
79,230
19,153
6,070
16,879
19.025
576,100
1,470,275
395,450
959,875
55,750
23,050
8,100
135,284
77,o50
75,950
27,285
;
....
against 15 J per cent in April, 22 per cent in March, 31 Total of all
528,496 177,761
1882
570,777 2,135,918 7,688,075 2.743,874
per cent in February, and 25 per cent in January.
The 1881
352,244 106,795
658,289 3,598.0411 9,014,451 4,895,874
large percentage of increase in the early months was
It will be observed that while there is a large falling off
because of the reduced earnings last year in those months
on account of the rigorous winter weather.
It is but fair, in almost every item in the total movement, the same is
however, to say again here what we said in reviewing the not true as to the movement at individual points. Thus,
-April figures—(1) that though some of the traffic delayed while the total receipts of corn at the seven principal
by snow and ice in the first quarter of 1881 came forward points show a contraction of .1,326,376 bushels, the
receipts at Chicago actually show an increase of 1,300,000
as early as April in that year, the earnings in that month
bushels.
St. Louis, Toledo and Peoria appear to have
were not abnormally large by reason of this fact (the
The Wabash carries to all three
increase was 25 per cent); (2) that the next month re¬ been the chief sufferers.
ceived even less benefit (increase but 17 per cent), proba¬ of these points, and perhaps this explains in part its small
bly because of freshets and spring floods, which in some increase of $60,203, on mileage almost 900 miles greater
sections delayed and interrupted transportation; and (3) than in 1881. The additional mileage, however, (which is
that it was not till June that railroad earnings felt the full not new mileage, but old mileage acquired), has but light
effect of the retarded movement again set in motion, in an earnings, so that the disparity between the increase in
;
....
....
THE
?882.J
649
CHRGJN1CLE.
-
the increase in mileage is not as great as
earnings and
the
was
ern
made
and
T1
-
»-»■
—.»y.—.■
.
Jc»fl 10,
—■
■■
i.
passengers. / Indiana Bloomington & West¬
Lake Erie & Western, which are affected by
on
figures would indicate. On the mileage operated this year the course of trunk-line
traffic, both exhibit a decrease,
the earnings last year were $1,276,741, which would show
against an increase in April. Southern roads, so far as
a decrease of $72,000 the present year.
The Southwestern roads, as a rule, make better exhibits reported, show a slight improvement over April, notwith¬
This is particularly true of standing the diminished cotton movement. The Louisville
than in the previous months.
& Nashville has an increase of $117,710 for May, against
those in the Gould system.
Both the Missouri*Kansas &
Mobile & Ohio has a decrease of
Texas and the St. Louis Iron Mountain & Southern show $99,145 in April.
$8,158, against $18,278 decrease in April. The East
larger gains than in April. The St. Louis & San FranTennessee Virginia & Georgia reports May earnings
cisco, on the other hand, again has a decrease. But the
increased $23,071, but will not furnish figures for pre¬
latter does not reach into Texas, and the gains on the
other two are
probably duo in great degree to the large
vious months.
the
To show how the cotton movement at
shipments of Texas cattle north and east, to meet the ports compares in the two years we give the subjoined
iable.
great demand for cheaper meat. The Superintendent of
RECEIPTS OF COTTON AT SOUTHERN PORTS IN MAY, 18S2 AND 1881.
the Missouri Pacific states that the Missouri Kansas &
Texas handled 1,860 cars of stock during May, which is
1881.
1882.
Difference.
a larger number than
ever before handled in a single Galveston
Deo....
5,697
13,29d
18,993
bales.
19
126
Dec....
107
Indiunola, <ko
month, and way ahead of the number handled in May last
Deo.... 32,796
45,849
New Orleans
it is expected that the number will he
The earnings to the Missouri Kansas &
year. In June
raised to 2,000.
Texas from
this traffic
are
said to be about $70 per car.
Probably it is this same traffic that
receipts of the Texas & Pacific and
helped to swell the
the International &
For this reason, too, very likely the
the St. Louis Alton & Terre Haute is only
Great Northern.
decrease
on
13,053
4,031
Mobile
Florida
Savannah
274
357
17,786
4,771
25,112
4,796
Dec....
Iuo..
Deo....
Iuo
Dec....
Inc..
Deo....
Deo....
Deo....
Dec....
76,449
139,5G1
Deo....
92
13,038
22,367
Royal, &o
Morehead
Norfolk
City, &o
.*
City Point, &c
Total
$28,000 this month, against $42,000 in April. This road
east from St. Louis, does chiefly a through business,
For
runs
the
first
40
9,329
2
....
12,239
7,104
Wilmington
3,176
..
‘2
Brunswick, &o
Charleston
Port
8,107
132
292
31
1,303
1,492
4,775
261
..
189
88
7,326
25
63.112
May 31,
five months' of the year to
wo
have a very good showing.
There is an increase of $15,’
suffered a large diminution in
receipts the present year from the general falling off in 988,347, or 20 per cent. The heaviest gains are made
by the Pacific roads and the roads in the Northwest.
through shipments.
There are a few roads with smaller totals than in 1881, but
The Southwestern roads carrying increased amounts of
most of these were affected either by the diminished
live stock to St. Louis destined for Northern markets, this
and has in consequence
the traffic on the roads
oast from St. Louis, though it might not be sufficient to
offset the loss in other kinds of through traffic.
The
failure of the ordinary sources of supply is making the
demand upon Texas very heavy, and Texas beef, once
despised, now finds a ready market. Not only is this so
in the case of meat, but there is also quite a call on Texas
and other Southern States for grain.
Last summer’s
would of
course
drouth has left
tend to augment
our
markets almost bare of all kinds of
oereale, and the South being an early producer, is called
upon to meet our wants between now and the harvesting
of the next crops in the West.
Evidently these are con•siderations bearing upon the immediate future of the
roads chiefly concerned—not only upon the Southwestern
roads into Texas, which State can and probably will
furnish the bulk of the needed supply, but also upon
their
Eastern
connections
should not be lost
—
and
these
•
considerations
sight of in any estimate as to future
earnings.
The roads
connecting Chicago with the South and
Southwest, like the Chicago & Alton, the Illinois Central
(main line), the Chicago & Eastern Illinois, make very"
fair statements of increase for May.
Hannibal & St.
Joseph again has a considerable decrease. The Pacific
roads—Union, Central and Northern—continue to do
well, though on the Union Pacific the increase in May is
much smaller than in previous months.
The Atchison
Topeka & Santa Fe lias not reported its figures, but the
Boston Transcript states that there is a gain of $80,000.
the trunk lines or the con¬
movement in the Southern States.
business and lower rates
traction in the cotton
on
Details follow.
GROSS EARNINGS FROM JANUARY
Name
1882.
of Road.
$
Burl. Cedar Rap. <fe No...
Cairo & St. Louis’'
Cent. Branch Union Pao.
Central Iowa
Central Pacific
Chicago & Alton
Chic. <fe Eastern Illinois.
Chicago Milw. & St. Paul
Chicago & Northwest
Chic.St.P.Minn.&Omaha.
Cleve. Alt. & Col
Col. Hook. Val. <fcTol....
Denver & Rio Grande—
Dos Moines & Ft. Dodge*
Detroit Lansing & No..
Flint <k Pero Marquette”.
.
Grand Trunk of Cauadat
Great West’n of Canada 1
Groen Bay Win. & St. P..
Hannibal & 8t. Joseph...
Ill. Central (III. line)
Do
(la. leased lines).
Indiana Bloom. & West..
Iut. & Gt. North
Kan. City Ft. 8. & Gulf. ‘
Lake Erie & Western
Long Island
Louisville-fe Nashville...
Milw. L. Shore & West’ll.
Mo. Kansas <fe Texas
Missouri Pacific
Mobile (k Ohio
Northern Pacific
Oregon Railway <fc Nav..
Peoria Deo.& Evansville*
Rochester & Pittsburg...
St.L.A.&T. II. main lino.
Do
do (branches)..
St.L. IronMt. & South’ll.
St. Louis Si S. Francisco
St. Paul Minn. & Mau—
—
.
Scioto Valley
Texas
Pacific
Toledo Delphos
...
1 TO MAY 31.
1831.
$
1,030,142
791,120
136,805
164,077
362,877
300,538
326.782
445,542
9,952,144
2,807,625
G 31,895
7,520,000
8,481,799
1,857,862
192,290
1,019,299
2,614,171
141,810
636,588
832,602
4,232,664
1,949.981
119,229
746,165
2,682,520
762,489
966,302
1,105,664
613,316
526,611
715,051
4,890.111
337,975
2.191,423
2,679,891
755,155
1.899,132
1,844,600
293.106
109,075
489,369
328,274
2,701,603
1.272,623
2,774,610,
192.279
1,678,112
368,499
Increase.
Decrease.
$
$
289,022
27,272
30,095
8,730,543
2,610,098
61c ,57 8
145,004
1,221,601
,197,527
66,317
5.388,990
2,131,010
6,736,284
1,279,365
167,833
834,371
1,971,527
114,717
499,231
694,473
4.295,348
2,133.423
139,313
817,393
2,436,095
1,745,515
613.226
946,802
149,263
578,497
24,457
214,928
642,644
27,123
137,357
138,129
62,684
183,442
9,916
71,228
246,425
971,759
531,646
497,593
634,507
4,249,630
19,500
133,905
81,700
29,019
80,544
610,481
191,736
146,239
1,888,617
2,425,226
981,382
302,806
887,210
1,011,922
1,391,293
210,904
453,307
82,202
87,427
21,648
594,249
318,249
2,861,127
10,025
1,201,417
1,512,959
125,869
1,447.141
230,033
••••••••
_T
254,665
226,227
104,680
•
m
m
m
m
•
•
m*
159,524
71,206
1,231,657
66,410
230,071
138,466
2,545,000
1,343,292
usual the Grand Trunk Union Pacific & Burl... 10,916,000 8,371.000
4,918,274
6,261,566
and Great Western of
Canada, and, as in April, the former Wabash St. L. & Pao
95,190,817' 79,202,470 16.859,099 871,352
Total
shows very little change from the previous year, and the
15.989,3 ±7
Net increase
latter quite a decrease. The Grand Trunk, too, would
Three weeks only of May in each year.
show a large decrease
except for auAncrease of $37,956
j Earnings are from January 1 to May 27.
on the
passenger business, which continues heavy. The
As to net earnings—this time for April and the four
Chicago & Grand Trunk, the Chicago line of the Grand
Trunk, reports a gain of $46,384, of which $38,208 months to April 30—we have, as before, varying results.
Among the trunk lines
we have as
*
■••a....
650
THE
CHRONICLE.
[VOL. XXXIY.
The
May.
Jan. 1 to May 31.
Pennsylvania is of course conspicuous for its large
Nami.
Gross
Net.
Operating
Gross
Net
loss, but there is nothing to be said beyond what was said
Warnings Expenses. Earnings Earnings
Earnings
when the figures first appeared.
Northern Central, too, Oregon R’y & Nar. Co. .1882 $381,300 $215,840 $165,400 $1,844,000 $808,77$
Do
1881
do
199.495
403,780
204,285! 1.391,293
579,295
again has a large loss in net, but this month it is more on
March.
Jan. 1 to Mch. 31.
account of a falling off in gross receipts than on account
Namh.
Gross
Net
Operating
Gross
of an increase in expenses.
Net
For April the decrease is
Earnings Expenses. Earnings. Earnings
Earnings
£
£
£
$55,151 ($52,144 because of a decrease in gross), and for Gr. Trunk
£
of Canada... 18S2
180,427
134,947
51,480
502,330
100,41$
Do
do
1881
the four months it is $178,570 ($22,750 loss in gross).
191,718
129,180
02,538
514,272
137,26*
The
$
$
$
$
$
of Canada
1882
357,700
287.900
69,800
Philadelphia & Reading on the Railroad Company had Gt. West,
Do
do
1881
444,600
281,100
103,500
1882
quite an increase in net for April—being more than sufficient UnionDoPacific do
6.4r'8.500 2,336,931
1881
5,111,400 1.050.685
to wipe out the loss of the first three months.
The Coal
Company again has a small decrease, expenses having
THE EGYPTIAN DIFFICULTY.
increased more largely than earnings.
The Grand Trunk
The situation in Egypt continues to be the most absorb¬
of Canada for March reported a decrease of £5,291
gross,
an increase of £5,767
An upstart native
expenses, and a decrease in net ing question of international politics.
of £11,058.
On net earnings of £137,263 in the three soldier, who has forced himself to the first posi¬
tion in the
months of 1881 there is this year a falling
dominates the government and
army,
off of £30,853
defies
the
to £106,410.
European Powers. Araby Bey lias his daily
Proportionately the decrease is heavier
ovations
in
than on the Pennsylvania.
Cairo, while Tewfik, the rightful chief of the
On the latter the percentage
of decrease is 16, while on the Grand Trunk it is more State, remains a prisoner in his palace, and the
foreign
residents are in hourly danger of finding themselves at
than 22.
The Great Western of Canada for March
reports
decrease
$86,900
in gross and $93,700 in net. The Des the mercy of an infuriated mob.
A week ago it seemed as if France and
Moines k Fort Dodge among Western*roads loses $6,611
England, with
consent of all the Powers, were about to make an end of
net in April, but there was quite a
gain in - previous
months, so there is still an increase of $32,306. The the difficulty by active interference in the affairs of Egypt.
Burlington Cedar Rapids k Northern also had decreased All is now changed. In place of direct and forceful
net in April, but a large increase in the
previous months. intervention France and England call for, a conference of
The Chicago Burlington k Quincy has not
yet furnished the Powers. The Conference is agreed to, and the day of
its report for April.
Among Northern roads we have the meeting is fixed. The Sultan, who has no special liking
for conferences of the European Powers, and who has no
Buffalo Pittsburg k Western, which still keeps
up its
reason to like
them, declares a Conference to be unneces¬
gains in both gross and net.
Southern roads in general return quite favorable exhi¬ sary, claims that the solution of the difficulty rests with
The Louisville k Nashville has a smaller increase him and that he needs no help.
bits.
In the mean time he
sends a Commissioner to Cairo,, and the Conference is
than in the preceding months, but the total
gain in net for
the four months foots up $453,881.
Nashville Chatta¬ postponed.
Such is the situation to-day.
It is a situation of sus¬
nooga k St. Louis shows $4,427 gain for April, but
this because of a diminution of $33,798 in
It is not well known which course the Turkish Gov¬
expenses, pense.
ernment
is disposed to follow or what the Commissioner to
gross earnings having fallen off $29,371.
For the four
months there is a loss of only $20,586 in
net, though Cairo may advise. It is the desire of France and of
gross decreased $128,130.
Norfolk k Western lost England that the Khedive, Tewfik, be sustained, and that
$2,645 gross in April and $23,845 in the four months, Araby Bey be stripped of his power. It is rumored that
but the loss in net is respectively $25,207 and $59,620, on the Sultan is in favor of maintaining Tewfik in power;
account of heavier expenses.
The Chesapeake k Ohio but there is strong reason for believing that he is in
for the four months has an increase of about
$6S,000 in secret sympathy with the usurper, and that Araby is not
gross, but over $127,000 increase in net, by reason of a ignorant of the fact.
There is great need for dispatch,
decrease of $59,000 in expenses.
for
tension
is
the
already of the severest kind ; and it is
The reduction in
reasonable
to
take
it for granted that there will be no
expenses was possible because last year the total had
been swelled by expenditures for steel rails and other unnecessary delay.
It is no longer doubtful that the hesitancy and inaction
improvements. Subjoined is our usual'table embracing
all roads that will furnish statements for
revealed by England and France, and to which much of
publication.
the evil of the present complication is traceable, were the
GROSS AND NET EARNINGS TO LATEST DATES.
result of a want of harmony between them.
England was
Jan. 1 to April HO.
April.
anxious
that
the
Sultan
should
be
recognized in thi*
Name.
Gross
Net
Gross
Net
Opt rating
Earnings Expenses. Earnings Earnings Earnings
present crisis, as he had been recognized in that which put
$
Tewfik on the throne, and that he should be asked to send
$
$
$
*
Buffalo Pitts. & West ..1882
59.333
27,867
241,087
31,466
127,980
Do
do
1881
50,515
18.641
31,874
193,091
49,188
troops to Cairo. France, considering the delicacy of her
Burl. Cedar Rap. & No..1882
178,304
137.081
41,223
aso,804
307.844
Do
do
1881
184,680
133,999
50,681
625,490
133,781
position in Tunis, and fearing that the presence of a
Chesapeake & Ohio... .1882
267,454
178,017
89,437
870,698
191,524
Do
do
1881
Turkish army in Egypt might encourage a general upris¬
227,343
182,770
44,573
802,753
63,931
Des Moines & Ft. D.. ..1882
25.617
18.890
6,727
125,889
51,169
Do
do
1881
30,225
10,887
13,338
98,605
18,803
ing of the Arab population all over the north of Africa, was
Louisville & Nashv... ..1882
950.000
589,692
300,308
3,943,676 1,584,496
Do
do
1881
850,862
533,674
steadily opposed to such a course. While, therefore, the
317,188 3,420,900 1,130,615
Nash. Chat. & St. Louis 1882
154,155
79,343
632.115
74,812
274,995
statement was made, day after day, and night after night,
Do
do
1881
183.525
113,141
70,3-5
700,245
295,581
.
*
,
*■
-
Norfolk & Western.. ..1882
Do
do
1881
Northern Central
..1882
1881
Do
do
171,793
174,438
104,980
82,418
272,448
209,441
217,832
2,536.539
2.104.502
1.319,311
1,655,810
188.062
188,538
89,789
104,785
080,074
435.129
487,273
60.813
92,020
102.681
064,793
088,638
1,686,242
1,708,992
254.049
14.448.214
!3,R89,50:
1,042,13'
1,028,701
6,113,29
5.740.991
4,889.000
5,820,001
3,794,600
108,715
228,092
Penn, (all lines east of
Pitts. & Erie)
Do
do
..1882
1881
3.855.850
..1882
1881
277.851
Philadelp’a & Readin ?.1882
1,709.712
Phila. & Erie
Do
do
Do
•
do
3,760,372
293,323
1881
1,484,864
Pliila.& Read. C.& Iron. 1882
1S81
98 '.994
897.642
.1882
130,484
Do
do
Wtah Central
Do
-
.
do
1*81
1/ 29,638
943,454
901,703
859,013
47,530
■
541,410
28,231
38,029
82,948
3,460,053
490,981
313,009
509,966
688,530
317,423
338.355
2,280.009
2,254,827
292,311
in the British Parliament and in the French
that the two
Chambers,
governments were of one mind and acting in per¬
harmony, it is now notorious that they were not agreed,
and that it was only at the last moment, when insurrection,
with all its accompanying evils, seemed imminent, that
they fell upon the clumsy expedient of summon¬
ing a Congress.' It is probable that they have acted
wisely enough in postponing the action of that body
fect
THE
10, 1882*1
VKS
651
CHRONICLE.
result of the mission of Dervisch Pash* be ascer¬ pltftxetartjg ©ommerjctal %UQ\isfo incurs
tained ; but the simple fact of postponement seems to RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
indicate the absence of either a fixed or a united purpose.
EXCHANGE ON LONDON.
It has not yet leaked out whether England ever suggested EXCHANGE AT LONDON-May 28.
Latest
the bringing of troops from India—the simplest, the
Time.
Rati.
Rate.
Time.
OnDate.
safest, and the most satisfactory way of escape, as we
12*05
May 28 Short.
Short. 12-lin 012*2hj
Amsterdam
3
124
012*4is
have shown before, out of the difficulty.
If suggested, Amsterdam
25 23
25*4 8
25*52 *2 May 28 Short.
Antwerp....
20*45
May 28
20*62
020*65
we can see no good reason why France should have
Hamburg...
20*45
20*62 '0)20*65
May 28
Berlin
20*45
20*62 '020*65
May 28
objected ; and England was not bound to consult the Frankfort...
18*46
018*50
wishes or consider the objections of any of the other Copenhagen.
24
0237a
St.Petersb’g.
25*15
Short. 25*14 '025*22^ May 28 Short
Paris...
It must ever be a matter for regret that this Paris
Powers.
25*191*
25*40 025*45
May 28 Long.
3
12*05
May 28 Short.
12*1212 0) 12*15
Vienna
course was not taken long ago.
We can see no final or Madrid....
46 0457a
463804618
satisfactory arrangement in the mission of Dervisch Cadiz
4614 046
Bilbao
25*80
26*12ia026*17i2 May 28 8hort.
Genoa
Pasha ; and aside from the arrangement above referred "Lisbon
513105158
0714
May 25 3
to, nothing can be done by the Conference except in the Alexandria
4 863t
May 28 Short.
New York...
Is. 8!4d.
Is. 8d.
May 28 4
GO d’ye
The Bombay
way of compromise and temporary convenience.
Is. Sx4d.
Is. 8d.
May 28
GO d’ye
Calcutta
until the
.
mos.
44
ii
••
ii
<4
ii
ii
ii
....
ii
.....
....
mos.
ii
ii
ii
ii
a
a
mos.
.
.
mos.
the hour have not shown grit enough
in the emergency.
If they had seized the opportunity
they might have finally settled the difficulty.
Ultimately, however, the feeling which has now been
'evoked must lead to some radical change in the govern¬
ment of Egypt.
Just now wisdom and strength are
greatly needed. They are all the more needed that the
native party, including the army, have discovered how
strong they are. Such qualities are conspicuously wanting
in the present ruler.
It may be necessary for the sake of
uniting all parties to remove him ; but it is difficult to see
English statesmen of
-
found an acceptable substitute. The resto¬
ration of his father is not to be thought of; and it is
extremely doubtful whether England and France could be
where is to be
made to agree
upon
Halim.
It is not improbable that
Araby Bey is himself looking with a greedy eye on the
vice-regal chair ; and he cannot be ignorant that he is
precisely in that position in which
himself when he seized the
Mohammed Ali found
Pashalic of Egypt, and secured
family inheritance. In the hope of resuming
authority over Egypt, and willing to
benefit by the services of a loyal and able soldier, the
Sultan might not be opposed to encouraging the preten¬
sions of Araby.
But without the concurrence of France
and England, and of Europe generally, such an arrange¬
ment is impossible; and the Powers are in no mood at pres¬
ent to put a premium on rebellion.
Whatever be the arrangement as to the future govern¬
ment of Egypt, it is presumable that the vice-regal throne
will be preserved ; and if the removal of the present ruler
be a necessity, a successor is likely enough to be found
among the descendants of Mohammed Ali or his step-son.
There is no lack of princes of the Khedival house.
If the
Sultan should be induced to restore in Egypt the Turkish
law of succession, Halim, the youngest son of Mohammed
Ali, the founder of the dynasty, and the great uncle of
the present ruler, would be the rightful heir. He was always
popular in Egypt ; .and he would, we believe, be gladly
welcomed back to the country from which he has so long
been unjustly exiled. Failing Halim, the present Khedive
has three brothers, any one of whom would be com¬
petent to fill the vice-regal seat.
It is unnecessary, however, to speculate on the eve, as
we are, of an arrangement which will either aggravate
the difficulty or bring about temporary repose.
In a few
days at most, we shall at least know under what con¬
ditions Egypt is to be governed for the immediate future.
it
as
more
.
direct
"“The Adams Express Company has withdrawn from the
~tch. Top. & Santa Fe and the Atlantic & Pacific roads in favor
°f the
Wells-Fargo Express. On July 1 the latter company
will take the entire business on the Chic. Burl. & Q. and the
•Burl. & Missouri roads, making 3,250 additional-miles of road
operated
xork
exclusively by the Wells-Fargo Company.—New
Evening Express,
....
44
....
ii
Hong Kong..
Shanghai....
May 28
May 28
....
....
[From our own correspondent.
s
3s. O^d.
5s. 3iad.
ii
1
London, Saturday,
May 27, 1882.
quantities from New
York during the week, and early in the week the money market
assumed a very easy appearance, choice bills being taken at as
low a figure as 2 per cent; but an improvement has since mani¬
fested itself, and the quotation for three months’ bank bills is
now 2% to 2x/i per cent.
The Bank of England has gained a
considerable quantity of gold, and the Italian demand has been
freely met. There is, however, some reason for believing that
the money market will, a little later, assume a fairly steady
appearance. Early in the week the impression prevailed that a
reduction in the Bank rate to 2)& per cent would be announced
at the first opportunity ; bat that opinion has ceased to find
expression, and there is now a belief that the current rate of
three per cent will remain in force for some time to come.
As we approach the period of autumn trading the chance*
of cheaper money fade away. In a very short time money
will be wanted for agricultural purposes, and there are still
indications that the harvest will be earlier than usual. Neither
the trade nor the agricultural demand, however, is likely to
produce stringency, but the requirements of the two are cal¬
culated to check any downward movement in the quotations.
Apart from the state of political affairs, especially as regards
Ireland and Egypt, there is no reason why there should not b«
Gold has been
a
arriving in considerable
healthy development of onr commerce.
As far as the agri¬
sanguine hopes
yield of agri¬
cultural produce is anticipated. The crop of fruit has un¬
doubtedly been diminished by the serious gale of a month ago;
but there is every prospect of an abundant hay crop, and
cereals also promise to yield full average results. The weather
having been showery during the last few davs, a very favor¬
able opportunity has presented itself for planting the root
crops, and the conclusion must thus be arrived at that th#
agricultural season has progressed with scarcely a drawback
attending it. With a continuance of such favorable conditions,
cultural prospect is concerned, there are more
than for several seasons past, and a fall average
and ws
may be sure that a revival of commercial prosperity will exer¬
cise a beneficial effect upon the general business of the country.
As stated above, the demand for money in the early part of the
week was very limited, but the inquiry increased at the com¬
mencement of the Stock Exchange settlement, and the rates of
discount also showed some improvement. The demand, how¬
It may, however,
ever, has not at any period been active.
be again mentioned that there is no inclination to the extreme
ease which has characterized the money market during the
earlier summer months of recent years, and this must be
regarded as a favorable feature, as it is a plain indication that
the improvement in business has a certain degree of substan¬
tiality about it. The following are the present quotations for
the result
can
be scarcely
money :
otherwise than satisfactory,
Ter cent.
3
Bank rate
Open-market rates—
30 and GO days’ bills
2180214
Open market rates—
Per cent.
4 months’ bank bills
2J8®214
G months’ bank bills
21e@214
4 & 6 months’ trade bills. 3
3 months’ bills
allowed by the joint-stock
deposits are as follows:
The rates of interest
discount houses for
banks and
652
THE CHRONICLE.
Per cert.
2
Joint-stock banks
Discount bouses at call
Do
with 7 and 14 days* notice.
Annexed is
a
statement
2
2*4
showing the present position of the
Bank of
England, the Bank rate of discount, the average quota¬
English wheat, the price of consols, of No. 40 mule
twist, fair 2d quality, and the price of middling upland cotton,
and Bankers’ Clearing House return, compared with the three
previous years:
tion for
Circulation
Public deposits
Other deposits
Governm’t securities.
Other securities
Roa’ve of notes & coin
Coin and bullion in
both departments..
Proportion of
£
£
£
Barley
25,810,175
6,123,861
23,814,93 4
13,49 4,213
20,875,132
13,324,924
26,334.075
7,125,297
25,415,859
15,876,203
19,179,726
15,368,840
23,335,099
25,952,924 27,838,300
15,689,332
19,403,293
15,787,685
price
69jftd.
10%d.
Clearing-House ret’n. 95,148,000
2*0 p. c.
3 p. o.
102*6(1.
93%!.
99*sd.
44s. 2d.
44s. 8(1.
41k. 4d.
6 VI.
9 VI.
97.413.000
following are the current
ing foreign centres:
Il3id.
84,791.000
Frankfort....
Hamburg
3*t»
3*e®3*4
4
...
....
4*a
....
.
are
Spanish cities..
8t. Petersburg
3*4®3*a
...
4*6
4
G
5*4
4*u
Geneva
Genoa
5
Copenhagen
Calcutta
4
G
4*fl
4
4
....
to be received at the Bank' of
England on Friday
next for £1,500,000 Treasury bills] in the usual amounts of
£1,000, £5,000 and £10,000 each. This loan is to repay bills
which mature on the 11th proximo.
The annual report of the Deputy Master of the Mint has
appeared this week. It establishes the fact that a sovereign
becomes light after being in circulation for eighteen years, and
the report concludes with the statement that before the end of
the year the Mint will probably be in a position to undertake a
long and continuous gold coinage. It also suggests that the
Treasury may now proceed to consider what steps should be
taken to deal with the evil of light coinage.
About £50,000,000
will require to be recoined, and on the withdrawal of that sum
there would be
a
corn
loss of about £650,000.
The silver market has been
13,960,300
1880-81.
1879-80.
42,226.510
9,549.910
6,745,172
1,G14,355
1,810,810
44,067,416
11,459,002
10,076,424
1,496.479
1,916,470
20,162.364
7,675,257
1878-70
35.203
8 618
7-»o
47?
7’,9353fla
1,149 ifia
956536
24.595 884
C,612]228
EXPORTS.
Wheat.
cwt.
Peas
Beans
Indian
Flour
com
1880-31.
912,196
,
817,545
74.120
627.320
53,251
24,469
45,430
553,495
90,970
113,369
192,238
99.944
1879-80.
66,164
34,098
1878-70
951.841
l ,306 084
26,118
79,047
87,629
96950
7l’m
14*994
lo](’8S
36,533
416,869
324 884
123.197
103,570
The
Month end'g Apr.30/82.
Increase. Decrease.
&
Russia
4 mos. end'g Apr. 30,*82.
Inoreaae.
£
Germany
27,761
Belgium
19,298
Franco
Turkey
£
500,098
49,361
091,396
796*159
4,823
89,270
Spain, &o
2,914
17,346
Portugal, <feo
Italy
137,524
49,529
17.309
79,938
Denmark
71,010
11,911
Greece, Austria,
Deorcaae.
334,33S
81,790
Holland......
J
&
145,076
166,711
Rou-
mania,
and Sweden
d Norway
United States
British North America.
British Possessions
a»
India, &c
101,568
1 848,429
43,053
861.125
835,353
73,565
1,413,518
133,554
1,928,159
Egypt
China and Hong
Brazil
2.234
2,893
311,595
Australia
Kong.
23,705
261.058
233,261
232,378
8,585
171,913
Japan
98.510
Other, small States
Unenumcrated
23,900
1,059,186
816,253
195,904
1,162,11 i
28,900
405.363
Lcs3 decrease.
816,255
9,078,185
2,380,801
2,330,801
steady, the price of fine bars
Net increase.
being 52%d.
per ounce.
On the Stock Exchange
20.400,000
25,066.904
9,740,741
6,883,275
Madrid and other
4*4
4*6
4
..
rate.
IV. ct.
3
3
3
....
....
Amsterdam..
Brussels
Vienna..;.
Tenders
market.
JY. ct.
40s. 6cL
16,300.000
following comparative table shows the increase or de¬
crease in the export trade of the United
Kingdom during the
the lead¬ month of
April and also the four months ending Aprl 30,
18S2. The figures relating to the first eleven countries included
in the list show the extent of the variation of our
Open
export trade
market.
with the Continent of Europe :
IV. ct
Bank
rate.
Pr. ct.
....
lod.
77,938.000
rates for discount at
Bank
....
2 p. c.
5*3.6d.
The
....
1,432,372
1,301,055
15,842,627
Oats
3 p. c.
102 4d.
47k. Od.
..
Berlin
Indian
Flour
7,097,749
Barley
44*42
Mid. Upland cotton
Na 40 mule twist....
Paris
Oats....
Peas
Beans
1881-82.
resorve
av.
©wt.43,592,550
10,437,290
19,400,278
33,278,018
46a. 104.
IMPORTS.
-
1881-82.
Wheat
28,281,999
14,675,257
20,190,993'
1873-79,
43a. Od.
following return shows the extent of the imports and ex¬
ports of cereal produoe into and from the United Kingdom
during the first thirty-nine weeks of the season, compared
with the corresponding period in the three previous
seasons:
1879
28.877,740
8,022.103
1879-80.
The
1330.
7.421,429
25,517.047
1880-81.
wheat for Heftnou (qr.)
46a. 8d.
Visible supply of wheat
in the U. 8
bush. 10,200.000
1881.
to liabilities
Bank rate
Consols
Eng. wheat,
1881-82.
Av*ge price of English
1832.
£
26,750,615
|Vol. XXXIV,
during the week business has been
242.931
G 097,334
Month..
Total Board of Trade rotiirns, 1831
Do
do
1882
18,130,331
18,373,263
4 Months.
71,415,830
78,113,214
quiet and restricted. The tone has, on the whole, been
steady, but there have been no features of importance.
212 931
Increase
6,697,384
Favorable weather for the growing crops has had the natural
Summary of the Four Month .' Increase in British Exjooi'ls to the "SQlh
effect of producing much quietness in the wheat trade'. The
of April, 1832.
The wlio’c of Europe
:
£2,512,317
supplies of home-grown produoe offering in the country mar¬ rmlia, Australia,
Canada and British Possessions
1,714,119
kets remain small, and the receipts from abroad have been only United States.
1,848,439
Tne whole outer world
622,519
moderate. The quantity of produce afloat to this country is
£6,679,384
still considerable, and as there is the prospect of an early
har¬
The following return shows the extent of’ the exports of
vest in Europe millers natural y prefer to keep their
purchases
within strictly necessary limits. The holders of wheat, how¬ British and Irish produce and manufactures, and of foreign
ever, are firm, and they show no inclination to accept lower and colonial woo1, to the United States during the month of
prices, especially as far as the better qualities of wheat are April and during the four months ended April 30, compared
with the corresponding period in the previous year:
concerned.
In Fonr Months.—>
■In April.During the week ended May 20 the sales of home-grown
1882.
1882. 1331.
1881.
wheat in the 150 principal markets of England and Wales Alkali
1 052,432
cwt.
218.541
313,654
1,016,42 j
15,193
3,190
19,226
5,03 1
Apparel and slaps
£
amounted to 41,266 quarters, against. 23,402 quarters last
251,923
yea’
58,011
09,151
423,263
doz.
Bags and sacks
9,939
Beer and nlo
2.615
2,620
8,022
and 26,677 quarters in 1880; while it is estimated that
gal.
they Cotton pleeo goods, .yds.
6,039,400 5,276,300 23,523,200 36.420.300
were in the whole kingdom 165,100
263,945
quarters, against 113,600 Earthen w.& porcelain. £
77,169
79,301
293,401
and
mil¬
Haberdashery
quarters and 106,700 quarters. Since harvest the sales in the
111,548
23,130
163,015
31,323
linery
£
154.951
150 principal markets have amounted to 1,635,624 quarters, Iron—Pig
tons.
109,835
43,368
47,326
10J»81
Bar. &o
4,161
tons.
1,441
1,150
against 1,477,537 quarters and 1,152,251 quarters; the estimate
80,905
Railroad
tons.
38.753
16,360
87,439
Hoops, sheets,boiler &
for the]whole kingdom being 6,542,500 quarters,
against 5,554,150
8,874
armor plate?.. .tons,
4,757
1,904
7,063
64,970
Tin plates
quarters in the corresponding period of last season and 4,634,400
tons.
55,480
13,688
14,499
2,457
Cast or wrought..tons.
503
478
2,187
quarters in 1879-80. Without reckoning the supplies of produce
40,972
Old for remaiiuft.tons,
24,590
7,173
11,210
very
.
,
.
e
furnished ex-granary at the commencement of the season, it
Is estimated that the following quantities of wheat and flour
have been plaoed
the British markets since harvest.
visible supply in the United States is also given :
on
1881-82.
1880-81.
1879-80.
44,067,416
The
I 878-79.
Imports of wheat.cwt.43,592,550 42,266,510
35.203,729
Imports of flour
6,883,275
9,740,741
7,675,257
6,612,223
Bales of home-grown
produce
28.352,820 24,003,000 23,032,000 36,160,000
Total
Deduct
exports
wheat and flour
Result
78,828,645
76,075,251
74,824,673
77,975,952
930,914
1,012,240
1,075,038
1,409,058
77,897,731
75,063,011
73,749,685
70,566,294
or
8 teel—U nwrought. tons.
Jute yarn
lba.
7,517
290,700
Jute piece goods...yds. 8,501,400
33
Lead—Pig,&o. .-...tons.
Linen piece goods.. .yds. 6,196,800
Machinery—Steam en¬
1.812
gines
£
Other kinds
&
Paper—Writing or print¬
owt.
ing
Other kinds
owt.
Salt
ton*.
Silk broadetufla
yds.
Other articles of silk
only
£
Mixed with other
terial
Spirits
—
14,474
626,000
0,934,600
0,665,800
33.600.900 39.191.300
168
17,189
4,165
42,945
37,817
153,513
1,961
1,400
£
53.120
172,728
3,537
733
1,468
410
511
25,258
15,312
40,860
101,695
121,879
200,332
4,962
5|53o
32,043
29,037
3,884
2,194
15,781
33,585
20,53S
101,251
S1.1T1
17,488
ma¬
British... galls.
66,706
24,530
3,057,500
1,116,400
32.363.900 30,°63,900
6,017
'
5,090
81.8J*
June 10,
THE CHllONICLE.
1883. J
Til
April.
1881.
Stationery—Oilier than
1882.
1851.
6,861
5,194
*
paper
-In Four Month 8.-
1885
31,243
22,384
738
2,323
2,287
Tin—Unwrought ...owt.
2,660,700
1,497,100
293,700
271,400
Wool—British..... -.U>36,310,990
4,912,331
Colonial & foreign.lbs. 1,181,180 1,658,263
1.512,700
2.218,800
195,000
133,900
Woolen fabrics
yds.
Worsted fabrics....yds. 1,794,800 2,003,400 10,101,100 11,807,900
Carpets,
not being
856,000
81,900
742,400
203,900
rugs
To
yds.
British North
706
0
America the
periods were as follows:
exports during the
same
vs:
74i
Aft/
r
7n
J<vw»7
Zl tr !
1881.
12.487
1st
If/in/fic
\
.
1882.
1882.
1881.
Apparel and slops.... £
Cotton niece goods.yds. 3,502,500
17,079
4,170,600
45,551
60.275
20,520,900
24,588,200
10,707
9,701
19,325
21,597
90,313
17,832
1,962
84,977
24,880
322,840
Earthenware
oolfliu
and por-’
Haberdashery and mil¬
£
linery...
Hardware & cutlery.. £
tons.
Iron-pig
Railroad
Hoops,
2,451
and
sheets
660
boiler plates...tons.
Tin plates
tons.
Cast or wrought.tons.
Linen piece goods..yds.
tons.
Salt
Silk
proadstufla—yds.
Spirits—British... galls.
Stationery, other than
paper
£
Sugar. ref’d& oandy.cwt
Woolen fabrics
yds.
Worsted fabrics—yds.
Carpets, not being
1,930
435,400
30,030
14.707
403,400
51,006
21,988
30,507
25,480
23,540
17,018
5,015
6,005
4.465
6,442
350,900
381,500
322,900
471,000
81,900
yds.
rugs
866
432
897
563
.galls.
Seed oil
3,656
3,705
3.847
3,566
tons.
....tons.
Bar. &g
205,800
4,791
437,122
67,559
5,618
18,324
15,251
5,216
4,954
1,915
2,218
3,933
2,640,300
63,820
22,000
147,063
2,556
1,723
2,352
2,322,700
131,067
25,529
156,007
49,139
-
48,158
52.319
9,538
13,794
1,955,300
2,741,300
11,931
2,350,800
3,063,000
13,747
453,800
742,400
London, Saturday, May 20, 1882.
653
they did over many of the Indian gold mines. In connection
with lighting, it may be observed that the Holders of gas shares
are by no means alarmed.
The shares wavered a little at the
height of the excitement, but they have been well held, and it
would certainly be imprudent to dispose of a property which
must necessarily yield a satisfactory financial result, gas being
almost as great a necessity as water.
The demaud for money throughout the week has, as already
indicated, been only moderate, and the quotations have experi¬
enced a slight relapse; but the market has, in some respects,
manifested a fairly steady tone. The discount quotations, how¬
ever, are % to % below the published minimum of 3 per cent.
Some are of opinion that before long a tendency to renewed
firmness will become apparent. Such an opinion is by no me&ng
general, there being still an impression that there will not be
mnoh, if any revival of activity until the autumnal demand sets
in. A comparatively stationary money market is, in fact, looked
forward to f or several weeks to come. The following are the
present quotations for money:
Percent.
Open-market rates—
30 and 60 days’ bills
2 *4 @2 *8
2 *4® 2 3a
3 months’ bills
Open-market rates—
6 months' bank bills
21*
4 <& 0 months' trade bills. 3
The following are the rates of interest allowed
stock banks and discount houses for deposits:
Joint-stook banka
Discount houses at call
Do
with 7
Percent.
4 months' hank bills
3
Bank rate
by the jointPer cent.
2
or
2
2*4
14 days* notice
Annexed is a statement showing the present position
Bank of England, the Bank rate of discount, the price
of the
of con¬
gold from New York have been considerable, sols, the average quotation for English wheat, the price of mid¬
and advices of further supplies having been received, the
dling upland cotton, of 40-mule yarn, fair second quality, and
money market has assumed an easier appearance; but the Bank the Bankers' Clearing House return, compared with the three
rate remains at 3 per cent, while the open market quotation for
previous years:
18R2i
1881.
1880.
1879.
discount accommodation is 2% to 2% per cent.
Evidently,
£
£
£
£
Circulation
25,966,430 26,699,015 27,119,670 20,059,905
therefore, the important receipts of gold have not depressed Public deposits
5,6 LI,196 7,007,179
7,300,895
7,536,005
the money market, and this is to be accounted for by the Italian Other deposits
23,664,452 25,486,306 25,379.091 29.314,148
Govemm’t securities. 13,494.213 15,873,203 15,673,276 14,075.297
demand for gold and by the more general activity which has Other securities
21,216,379 10,653,356 19,738,973 21,020,62'
The arrivals of
manifested itself of late in the financial world.
It cannot be
said, however, that the demand for money for commercial pur¬
poses has increased, notwithstanding that the volume of our
augmented. Mercantile busi¬
the basis of short credits, and
commercial transactions has been
ness
is
evidently conducted
bankers
are
on
not much resorted to for assistance.
But
on
the
other hand, the large business which is now in progress in con¬
nection with public companies is exciting some influence over
Res’ve of notes & coin.
Coin and bullion in
both departments..
Proportion of reserve
to liabilities
Bank rate
Consols
12,508,010 14,892,068
15,204,203
19,123,01
22,724,410 25,841,633
27.323,373
33,183,007
42-37
3 p. c.
....
2*8 p. c.
102*8
I02is
"
3 p. c.
99*4
41s. 9d.
4 is. 11d.
46s. lid.
Eng. wheat, av. price.
GOs-l.
6*8*1.
Mid. Upland cotton...
613lfl*L
12d.
0s4d.
10%d.
No. 40 Mule twist
Glear’g-houee return. 130,147.000 105,401.000 123,767,000
email demand
40a. 3d.
7d.
lOd.
109,059,000
for gold
for export to
is checking any return of the depres¬ Holland; but the export movement has been far from active,
market has been subjeot during recent and the balk of the supplies received from New York has been
summers.
Of late years, at this period of the season, the value sent into the Bank. The silver market has been quiet, and
of money has fallen to a very low point, one year in particular prices have slightly declined, the Continental demand having
the rate of discount in the open market being only 1, 7/q and fallen off. Mexican dollars have been sold at 5lMd. to 51%d.
even % per cent per annum, with a bank rate of 2 per cent.
No per ounce. The following pi ices of bullion are from Messrs
such unsatisfactory condition of things is now possible, as gen¬ Pixley & Abell’s circular:
There has been
a
the money market, and
sion to which the money
eral business is
more
active.
Investments continue to be made in moderate amounts in all
sound securities
community,
and the value
maintained.
British railway shares, however, have not been much dealt in,
and in the absence of active business prices have shown a ten¬
dency to relapse, notwithstanding that the weather has been
more careful section of the
of this class of security is well
by the
very brilliant and that favorable traffic returns are looked for¬
ward to. The foreign market has been very quiet, and has to
some extent been influenced by political affairs ; but although
there is a critical condition of things in Egypt, which is the cause
of much anxiety, the value of Egyptian securities has been
advancing during the week. The leading feature on the Stook
Exohange, however, has been the activity of dealings in the
shares of the new electric light companies. The public seem
to have become
unnaturally excited respecting these new
undertakings, and have been incurring a large amount of lia¬
bility,
when nothing definite has yet been
made public
with regard to probable financial results. The electric light is
undoubtedly a valuable invention, but its commercial value has
yet to be ascertained, and a multitude of companies is n»t nec¬
essary to prove that. Only a few miles of this vast and wealthy
oity are lighted by electricity, and at present there does not
seem to be much desire to extend the
system. Some of the
principal colonial cities—the Australian for instance—might
adopt this new system with advantage ; but it is doubtful if the
less important towns or cities will be inclined to incur the
expense.. There has been a large amount of money lost and
won over these
companies already, and it is much to be feared
that the public will lose as
heavily over electric light shares as
even
GOLD.
Bar
Bar
per oz. standard, last price
gold, coot. 20dwts. sliver, j/cr oz. stand., lastprh-c
gold, line
per oz.
Spanish doubloons
South American doubloons.
United States gold coin
Gorman gold coin
per oz.
per oz.
per oz.
.
r.
d.
8.
ct
77 9*4®
77 11
@77 11*4
73
9*c®
73
8*8®
76 3*c@
@
Bar silver, flue
Bar silver, contain’#
Cake silver
5
grs.
gold
per oz.
per oz.
-
Mexican dollars
Chilian dollars..*.
..per oz.,
standard. 52*8
standard. 52*8
per oz. 56*4
last price, oi -s
Diaoouut, 3 per cent.
following are the current rates of discount at
cipal foreign centres:
The
Bank
rate.
Pv. a.
rls
Open
market.
Pr. oL.
3*3
3*4
4
3*4
3*4
Amsterdam
Brussels
Madrid & other
4 *9
4*9
3*4
4*4
4*8
Spanish cities.
4*9
4
Hamburg
-a
I,or 02
Quicksilver. £6 7s. 6d.
Berlin
Frankfort
cl.
(I-
SiLVHR.
....
Vicuna
St. Petersburg...
Gkmova
Genoa
Copenhagen../;.
Bombay & Calaieutta
the prin-
Bank
Open
rate.
Pr. ct.
4
market.
Pr. a.
G
4*9
5
4
7
3*9
6*4
4*«
4
4:
mm
m m
following notice has been issued by all dhe leading
exchange banks in the East to the drawers of documentary
bills payable in the United Kingdom :
“The rebate which will be allowed on documentary bills, if
retired before maturity, will not be regulated by the Bank of
England minimum rate as hitherto, but will be at the rate of
% per cent per annum above the advertised rate of interest for
short deposits allowed by the leading London joint stook banks
but not exceeding 5 per cent per annum. The change will
apply to all bills delivered by the drawers for negotiation on
and after the 1st of July next.”
We are given to understand that all the leading banks a
firms (including, among, others, Messrs. Rothschilds, Barings
The
THE CHRONICLE.
664
Brown, Shipley, and J. S. Morgan & Co.), who are buyers of
bills of exchange in the United States, Canada and South
America, have, with practical unanimity, decided to adopt the
negotiated abroad after the 15th prox.
Messrs. Baring Brother* & Co. announce that they are pre¬
pared to receive applications for $3,750,000 Atchison Topeka
& Santa Fe six per cent railroad bonds, the balance of a total
of $5,000,000 being taken at Paris, at 105 per cent (4s. per $1),
or £210 per bond of $1,000.
There is a sinking fund of 1 per
eent for the first ten years, and afterwards of not less than 2
same
rate for bills
per cent per annum.
The weather has been
[VOL. XXX1Y.
1880-81.
1831-82.
Chet.
From—
Cwt.
Turkey, <ko
205,672
249,016
7,563,403
Egypt
Bntfsh
Indi
1,089,486
65,334
Other countries.
40,200,107
284.456
845,534
3,391,298
2,491.489 \
79,659 j ;
35,911,987
1879-80.
Cwt.
860
1878-7#.
1,905,151
1,333,670
244,104
Cwt.
132,017
1,227,769
596,926
1.032,020
40,211,600
31,643,000
646,204
231,900
Flour.
France
United States
Biit. N. America
...
1,119,658
171,164
4,245,405
164,417
752,080
679,872
194,643
5,956,060
212,362
/D
257,594
1,311,059
1,586,759
1,151,073
315,5
4,785,188
3,381,988
186,413
1,481,810
7.0SG,093
7,011,703
8,805,117
5.928,375
brilliant, but the nights have
The
been cold, owing to the prevalence of easterly winds. Vegeta¬
following table shows the estimated value of our
tion has, therefore, been somewhat checked; but the prospect imports of cereal produce during the first eight months of the
is as satisfactory as could be desired, certainly as far as cereals season, viz., from September to April, inclusive :
are concerned.
The fruit crop is understood to have suffered
1 879-80.
1880-81.
1881-82.
1878-79.
£18,955,973
£23,665,839
£22,731,140
£15,642.196
much from the gale which visited us three weeks ago, but the Wheat..
3,924,901
3,794,722
4,968,295
Barley
3,280,321
3,121,150
2,072,208
2,132,010
2,296,544
grass crop promises to yield good results, and in many other Oats
632,373
568,855
Peas
502,569
385,492
respects vegetation is making healthy progress. As soon, Beans
691,143
628,263
406,057
309,845
corn..
6,562,022
5,599,940
4,515,207
5,613,570
probably, as the east winds leave us, we may have some warm Indian
Flour
7,089,845
5,904,003
5,873,844
4,750,190
and genial rains. These would be productive of great benefit,
as the rainfall this year has been exceedingly light.
Total.... £40.085,728
£39,735,406
£44,582,225
£32,278,158
The trade for wheat during the week has been very quiet;
JBugiiali Market Report*—Per Cable.
but, owing to the still diminishing visible supply in the United
The daily closing quotations for securities; &c., at London,
'States, prices do not decline to any important extent. Good
wheat is in fact held at full prices, which are, in the majority and for breadstuffs and provisions at Liverpool, are reported
of cases, obtained. Millers buy sparingly, and only to supply by cable as follows for the week ending June 9 :
actual wants. This course they will no doubt continue to
Wed.
Tues.
Thurs.
Mon.
Fri.
ScU.
London.
pursue as long as the weather remains fine, and there is the
52 %
52%
52%
523s
52%
Silver, per oz
d. 5238
prospect of an early and average harvest.
100% g
100% (* 1003
i009j6 100%6 100%
Consols for money
100%
100%
10082
L<K)%6 1007lfi 100%
for account
During the week ended May 13 the sales of home-grown Consols
83*35
83 30
83*10
83*05
Fr’ch rentes (in Paris) fr. 83*12% 83 20
103
103
103
103
wheat in the 150 principal markets of England and Wales U. S. 5s ext’n’d into3%s 103
103
116
LI 6%
116
116
116
116%
amounted to 35,915 quarters, against 34,110 quarters last year U. 8. 413s of 1891
123
122%
122%
122%
122%
122%
U. 8. 4s of 1907
34%
34%
34%
34%
34%
3458
and 26,793 quarters in 1880; while it is computed that they Erie, common stock
135
136
13 5S4
136 %
137
135%
Illinois Central
were in the whole kingdom 143,660 quarters, against 136,440
56 %
50%
55%
55% \ 56%
56%
Pennsylvania
27%
27%
27%
27%
27%
Philadelphia & Reading. 273a
quarters and 107,180 quarters. Since harvest, the sales in the New
130
12834
129%
129%
129%
121%
York Central
150 principal markets have been 1,594,358 quarters, against
Wed.
Thurs.
Fri.
Tues.
Mon.
Sat.
1,449,135 quarters and 1,125,574 quarters; the estimate for the
Liverpool.
whole kingdom being 6,377,500 quarters, against 5,440,540
s.
d.
s.
d.
s.
d.
d.
8.
d.
d.
13 9
13 9
13 9
13 9
13
9
Flour (ex. State..100 lb. 13 9
quarters in the corresponding period of last season and 4,527,700
10 2
10 2
10 2
10 2
10 2
10 2
Wheat, No. 1, wh.
“
9 9
9 9
9 9
9 9
9 10
9 10
quarters in 1879-S0. Without reckoning the supplies of produce
Spring, No. 2...
“
10 4
10 4
10 4
10 4
10 5
10 5
Winter, West., n
“
furnished ex-granary at the commencement of the season, it
9 8
9 8
9 8
9 8
9 10
9 0
Cal. white
“
6 0
6 1
6 2
6 2% 6 2
6 2
is estimated that the following quantities of wheat and flour Corn, mix., West.
“
86 0
86 0
86 0
86 0
86 0
Pork, West, mess.. $ bbl. 86 0
have been placed on the British markets since harvest. The Baoon,
55 0
55 0
55
6
56 0
56 0
long clear, new.. 55 6
87 0
87 0
87 0
87 0
85
0
85
0
Beef,
pr.
mess,
new,#tc.
risible supply of wheat in the United States is also given :
57 9
57 6
57 3
57 0
57 0
57 0
Lard,
very
2.734—The
....
.
-
....
1880-1.
1881-2.
1878-9.
43,372,09 L
7,457,682
34,443,246
6,464,837
23,575,670
19,620,000
35,230,000
74,127,709
70,449,773
76,143,083
987,156
1,048,861
1,377,420
....76,590,612
Av’ge price of English
wheat for season (qi ).
4Cs. 7d.
Visible supply in Unit’d
73,140,553
69,400,912
74.765,663
42s. lid.
46s. lOd.
40s. 5d.
bush. 10,300,000
17,700,000
20,357,918
15,331,650
....
Total
....77,441,125
of
Deduct
exports
wheat and flour.
850,513
....
r
1879-80.
41,070,325
9,481,714
Imports of wheat.cwt.43,034,103
6,772,017
Imports of flour...
Bales of home-grown
....27,635,000
produce
Result
States
following return shows the extent of the imports and
exports of grain and Hour into and from the United Kingdom
during the first thirty-eight weeks of the season, compared
with the corresponding period in the three previous seasons:
The
IMPORTS.
-
1881-2.
Wheat
cwt.43,0 <4,108
....10,133,552
6,822,150
Barley
Oats
Peas
Beaus
Indian
Flour
....
1330-1.
1879-80.
1378-9.
41,070,325
9,446,686
6,541,046
43,372,091
11,268,377
9,779,374
1,481,097
31,448,246
7,457,682
1,122,723
928,337
23,353,793
6,461,837
839,996
929,661
1,276,719
44,503
548,163
65,767
23,220
191,576
21,417
78,712
86,393
36,073
96,474
1,587.097
1,727,499
24,440,999
9,481,714
1,222,995
...15,350,015
....
corn
.
...
.
6,772,017
8,5(j0,;_)4 ]
7,653,026
1,823.902
19,630,104
EXPORTS.
Wheat
cwt.
Barley
Oats
Peas
Beans
Indian
Flour
The
710,436
64,543
51,248
23,741
88,761
110,027
corn
following
97,170
shows
415,460
118,397
70,916
13,792
10,626
314,060
180, iOl
the extent of the
imports of
wheat and flour into the United Kingdom during^the first eight
months of the season, together with the countries whence those
supplies were derived:
return
ift
.
prime West. # cwt.
Cheese. Am. choice, new 57
1881-82.
From—
Russia
United States
Brit. N. America
..
..
....
Germany
France
Chili
.
..
.
1830-81.
National Banks.—The
organized
2,194,190
5,210
794,136
|58
0
been
..
.
Week.—The imports of
last
week in January;
FOREIGN IMPORTS AT
1882.
$1,301,539
6,012,156
$801,503
3,653,712
$1,S36,715
8,262,274
$5,332,400
$7,316,695
$ L, 455,215
$10,148,939
$38,758,159
91,514,124
$57,195,120
$17,907,372
60,022,442
159,461,434
Den’l mer’dise..
Total
Since Jan. 1.
JLU.
1881.
$1,013,010
4,309,360
Dry goods
Dry goods
NEW YORK.
1880.
1879.
For Week.
3,010,266
8.713
0
for the week ended June 6 amounted to $6,504,682, against
$5,259,468 last week and $4,942,706 two weeks previous. Ike
following are the imports at New York for the week ending
(for dry goods) May 25 and for the week ending (for general
merchandise) May 26; also totals since the beginning of first
2,031,2.81
6,093
1,251,579
153,061
57
preceding week, show an in¬
crease in dry goods and a decrease iu general merchandise.
The total imports were $10,148,9S9, against $11,826,739 the pre¬
ceding week and $8,855,239 two weeks previous. The exports
Total 22 weeks
24,480,950
2,013,876
415,613
3,097
751,615
0
following national banks have
Exports for the
Imports and
1 ,013,88 1
21,513,573
1,744,664
Cwt.
57
week*, compared with those of the
2,99 L,776
3,612,509
0
Citizens' National Bank of Weatherford, Texas. Capital,
$50,000. J. R. Conts, President; A. R. Andrews. Cashier.
First National Bank of Blair, Nebraska. Capital, $o0,000.
Jehu H. Hangate President; T. 6. Crewitt, Cashier.
25,868,912
1,094.265
157
ford, Cashier.
Geu’l mer’dise..
4,775,123
0
2,713.—The Citizens’ National Bank of Oberlin, Ohio. Capital. $60,000.
JVIoiitraville Stone, President; Chicles FT. Randall, Cashier.
2,719.—The First National Bank of Qounva, Ohio. Capital, $50,000.
H. S. Mlinger, President; W. II. Manger, Cashier.
2,720—The Clarksville National Bank, Tennessee. Capital, $o0,000.
II. C. Merritt, President; A. FI >vvoll, C ishier.
2,721.—The First National Bank of Stuart, Iowa. Capital, $<>0,000.
Charles E. Bates. President; 'Albert B CLampot, Cashier.
2.722—The Farmers’ & Traders’ National Bank of Covington, Ky.
Capital, $300,000. James 8. Wayne, President; John L. San¬
6,530,206
18.286,23 5
Cwt.
57
:
1878-79.
Cwt.
1879-80.
Cwt.
0
(Commercial and HatsceHanecms^ews.
...
Wheat.
s.
a.
161.565.215
133,8 19,273
$133,302,283 $219,061,665 $181,756.615
U
of drv croods for
V LLXJ
one
v*. X
jt
week later.
fc219,483,874
June
The
THE CHRONICLE.
10, i882.|
of the exports (exclusive of
following is a statement
for the
specie) from the port of New York to foreign ports
week ending Juno 6, and from January 1 to date :
EXPORTS FROM NEW YORK FOR THE
For the week...
Prev. reported..
1882.
$9,240,630
$6,617,107
$6,504,682
123,858.325
150,702,425
155.641,854
423,559,993
Total 22 weeks $134,398,863 $159,943,055 $162,261,961 $135,064,675
shows the exports and imports of specie
York for the week ending June 3, and
since Jan. 1, 1882 :
EXPORTS AND IMPORTS OF
SPECIE AT NEW YORK.
Exports.
Imports.
Gold.
Since Jan. 1.
Week.
$
Great Britain
260,500
France
Germany
West Indies
$21,854,798
1,772.000
61,760
Week.
Since Jan. 1.
$104,998
$
386
23 2
166,911
83,226
158,615
2,150
South America
All other countries
95,500
10,000
$270,500 $23,852,958
178.187
7,559.
448,855
2,049,935
Total 1882
Total 1881
Total 1880
3,724
4,000
68,900
$9,874
14,064
478.637
Mansfield.—Completed from Mansfield, La., east to Mansfield Station,
7 miles.
Pennsylvania.—The Juniata Branch is completed from a Junction with
$5,540,538
The following table
at the port of New
14,930
$529,298
28,098,467
1,742,067
tiio Scotia Branch to Juniata, Pa., 2 miles.
Sheuandoah Valley.—Extended south by west to Roanoke, Va* 14
miles.
West Jersey.—A branch is completed from near Seaville, N. J., east to
Sea Island City, 43* miles.
This is a total of 1193* miles of new railroad, making 3,323 miles thus
far this year, against 1,574 miles reported at the corresponding time In
1881, 1,590 miles in 1880, 661 miles in 1879, 413 miles in 1878, and
1877, 628 miles in 1876. 296 miles in 1875, 537 miles in.
1874, and 1,171 miles in 1873.—Railroad Gazette.
670 miles in
Richmond Fredericksburg & Potomac.—Suit has been
brought in the Circuit Court of Richmond, Va., for Douglas H.
Gordon and others, against this company, the Board of Public
Works and others, “to*enforce the contracts between the hold¬
ers of the guaranteed stock of the Richmond Fredericksburg &
Potomac Railroad Company and the holders thereof, as expressed
on the face of said stock, and to have the rights of said holders
.passed on and enforced in respect to a aprticipation in the
dividends of said company, and especially under the resolution
of its stockholders in general meeting in December*, 1881, and
the consequent action of its board of directors in issuing cer¬
tificates known as dividend obligations to the holders of com¬
stock.”
mon
application
wifi proba¬
bly be made in September. The organization of the Alleghany
Extension Company has been effected, and this company, it is
said, will build an extension of the Richmond & Alleghany road
Richmond & Alleghany.—The argument on the
a receiver for the Richmond & Alleghany road
for
Silver.
Great Britain
France
Germany
West Indies
$142,500
$4,445,703
50.000
449,300
39,700
48,500
Mexico
South America
All other countries
Total 1882
Total 1881
Total 1880
48,089
$232,200
$4,991,592
174,300
54,815
4,698,069
2,163,889
$11,193
$
869
115,351
16,820
713,899
650
295,750
61,932
4,788
13,392
$22,258
$1,212,386
53,178
180,775
1,365,597
2,518,196
to
a
Of the above imports for the week in 1882, $1,178 were
American gold coin and $12,183 American silver coin. Of the
exports for the same time, $270,500
were
American gold coi*.
Missouri Pacific.—The new Missouri Pacific extension from
Atchison to Omaha is finished, the last rail being laid Jane 1
point three miles north of Huron, in Atchison County.
passed over the line June 2 About the 20th, pas¬
senger trains go on, with a fast line from St. Louis to Ohama.
New Orleans &. Mississippi Talley.—The N. O. Timesa
The first train
Democrat of June 4 reports :
“
Messrs. W. M. Johnston, of the firm of R. T. Wilson & Co.,
bankers, of New York City, owners of the New Orleans & Mis¬
sissippi Valley Railroad, and John A. Grant, chief engineer of
the new line, returned to the city after having made a thorough
reconnoissance of the entire route from here to Memphis, the
terminus of the road.
“
The gentlemen give an enthusiastic account of the section
of country through which the new line is being constructed.
They find the line very favorable for construction, with easy
connnection with the River Division of the Ohio Central.
St. Paul Minneapolis & Manitoba.—The directors have
declared a semi-annual dividend of 3/£ per cent, payable on and
after the 1st of August, on the original capital stock of the
namely $15,000,000, to the stockholders of record
July.
At a meeting of the directors held June 8, resolutions were
unanimously adopted providing for the issue of new stock to the
amount of $5,000,000 to provide further funds for the continued
development of the property of the company, including the
construction and acquisition of certain extensions and branches
of the main line, already made or in contemplation, and for
other purposes. The capital stock of this company will thus be
increased to $20,000,000. The stock will be Lsued on or after
August 1, and the transfer books will be closed from the 19th
day of July, at 3 P. M., until the 21st day of August, 1882, and
until the 20th day of August, 1882, the privilege of subscribing
for such additional stock at par will be offered only to the
holders of the capital stock of the company as thev appear of
record upon the transfer books on the 20th day of July, 1882.
Each holder shall be entitled to thus subscribe for one share of
additional stock for every three shares of the old stock held by
him, and all stock thus taken shall be paid for in cash on or before
the 20th day of September, 1882 ; but no rights in or to frac¬
company,
on
at
Line Division is
Milwaukee Lake Shore A Western.—Extended from Summit Lake,
Wis., north to Pelican Lake, 15 miles.
Missouri Pacific.—The Omaha Extension is completed hy laying track
14 miles southeast ef Hiawatha, Kansas.
WEEK.
1881.
1880.
1879.
Louisville New Albany A Chicago.—Track on the Air
laid from Delphi, Ind., southeast to Sheridan, 40 miles.
the 19th
tional shares shall be allowed.
St. Paul Minneapolis & Manitoba—Northern Pacific.—A* *
dispatch from Minneapolis, Minn., June 2, said: “President
between New Villard of the Northern Pacific Railroad Company announced
Orleans and Baton Rouge and Vicksburg and Port Gibson.” * * here to-day the fact that his company had closed the purchase
It is expected to have the entire line completed and in opera¬ from the St. Paul Minneapolis & Manitoba Company of the
tion between New Orleans and Memphis within eighteen latter’s line along
the eastern bank of the Mississippi River,
months.”
between Watab and Anoka. He also states that the Northern
grades and
very few water courses to cross.” *
“The contractors have already begun work
“
New York & New England.—A
& New
meeting of the New York
England Railroad Company is to be held on June 15,
instant, to see if the company will accept the act of the State
Legislature to provide for the sale or exchange of the shares of
the Commonwealth, and a resolution of the Legislature of Con¬
necticut amending the charter of the company, and also to
take such action as may be deemed expedient in
relation to the
issue of bonds secured
by a second mortgage on the property
ana franchises of the
company for an amount not exceeding
$5,000,000, and to the retirement or acquisition by the com¬
pany of the shares of its stock held by the Commonwealth of
Massachusetts; and to the provisions of said act of the Con¬
necticut Legislature granting an extension of time for com¬
pleting the railroad of the company; and for taking land there-
proceed to bridge the Mississippi
the purchased line into
Minneapolis. These changes assure to the Northern Pacific a
continuous line, owned by itself, from Minneapolis to Brainerd
on its trunk line, and from Minneapolis trains will reach St*
Paul over the Chicago Milwaukee & St. Paul short line track.
The Manitoba Company, having disposed of its line on the
eastern bank of the Mississippi, will now complete its west side,
or St. Cloud & Minneapolis branch, which will form its main
Pacific
at
Company will
line.”
Union Pacific.—The result of the operations
'PJd Colony—Fall River Railroad.—The Fall River
Road,
long, between New Bedford and Fall River, has
been leased to the Old
Colony Railroad Company for ninetyfiine years from
April 1,1882, under authority of an act of the
■legislature.
The terms are, thirty per cent of its gross
earnings, with a guarantee from the Old Colony Company of
Rye per cent interest on the first mortgage bonds of the Fall
River Road of $200,000. The Fall River Road is
doing a good
business, which is steadily increasing. During the past year
this
company has made many improvements at Fall River, and
has paid most of its
floating indebtedness, and will prove to be
an
important acquisition to the Old Colony system, and of great
advantage financially to its stock and bond holders.
Railroad Construction (New).—The latest information of
the
completion of track on new railroads is as follows :
Northwester a.—A branch is completed from Winfield,
t0Coppack,
16 miles.
Gauge, 3 ft.
»orn^8+!w\aktPlli(>
& Southwestern.—Track laid from Covington, Tenn.,
■orth to the
Hatohie
River, 7 miles.
of the Union
Pacific Railway for the three months ending March 31 is shown
in the following comparative statement, which includes the
business of the numerous branch lines. The total system em¬
braced 4,270 miles
thirteen miles
now
Anoka, and from that point extend
Gross earnmgg
Expenses
Net
earnings...
Jan. 1,1882, against 3,792 miles Jan. 1,1881:
Increase.
1881.
1882.
$5,111,459
3,454,776
$6,403,499
4,066,568
611,791
$1,656,682
$2,336,930
$680,248
-
$1,292,040
—The Ontario Silver Mining Company has declared its 80th
dividend (for May) of $75,000, payable at Wells, Fargo & Co.’s,
65
Broadway,
Auction
week
on
the 15th inst.
Sales.—The following
were
sold at auction this
by Messrs. Adrian H. Muller & Son:
Shares.
25 23d 8t. Railway Co
145 h
15 Coney Island & Brooklyn
RR. Co
100
50 U. S. Fire Ins. Co
129
30 Lafayette Fire Insurance
Co
107'S>1063*
75 Lenox Fire Ins. Co
75*2
17 Relief Fire Ins. Co
71
200 Montgomery Palace St’ck
Car Co
50c. per share
JjUUf CO.
500 People’s
Gaslight Co. of
Brooklyn
50 Metropolitan
47
Gaslight Co.
of Brooklyn
60^
50 Brooklyn Trust Co
186
50 Fulton B’k of Brooklyn..126
Bonds.
$10,000 N. Y. City 7s consol.
stock, due 1896....135ti &
int.
THE CHRONLCLE-
666
1881.
June 4.
1880.
June 5.
$341,094,900
$276,056,000
Legal tenders.
Ino. $586,400
Deo. 1,326,300
18.635.200 Ino.
67,500
342,900
298.657.600 Ino.
24,922,600 Ino. 1,154.500
339,548.600
18.325.300
266,839,000
21,934,900
Legal reserve.
$7-4.664,400
$66,709,750
Loans and dis.
Speoie
The folio win* dividends have reoently been aunoanoed:
Railroads.
Lowell & Andover
Manbat. Elo. let &2d pref.(quar.)
^Metropolitan Elevated (quar.) ...
N. Y. Central & Hudson (quar.)..
Old Oolouy
8t. Paul Minn. & Man
Union Paeiflo (quar.)
When
Books Closed.
Payable.
(Bays inclusive.)
Reserve held.
Surplus
3%
1%
1%
2
J 111
v
iJtily
'July
$3 50 IJ uly
3%
1%
I Aug.
•July
l
l
15
1
1
1
June 16 to
Juno 16 to
June 16 to
July
July 2
July 2
July l‘J
20 to Am?. 20
July 4
Juno 11 to
YORK*
FRIDAY,
JUNE 9.
18SJ-5
P.
M.
Financial Situation.—Tlie ship¬
far this week have been about $2,250,000,
and for to-morrow’s steamers nothing is reported.
The Stock Exchange continues to absorb the attention of
financial circles, and the activity on a weak and feverish
The Money Market and
ments of
gold
so
week.
.
76,052.100
61,109J)00
19.263.300
Ino.
$85,725
$84,887,150
73,615,500 Doo.
171,800
94,377,400
$3,951,100 Dec.
$257,525
$9,490,250
20,059.900
83.043,800
$16,334,050
Foreign Exchange.—Throughout the week the exchange
market has been dull, and at times even weak, and to-day
closes dull and barely steady at 4 86)^@4 86)4 for prime
bankers’ 60 days sterling and 4 89@4 8934 for demand, with
cable transfers quoted at 4 89)4@4 89%, and prime commercial
The actual rates for Continental bills to-day
Francs, 5 17%@5 16% and 5 14%(a5 13V>
Marks, 95%(^9534 and 95%@96; and Guilders, 40%@40%.
In domestic bills New York exchange was quoted to-day
as follows at the places named : Savannah, buying,
selling,
5 Charleston, buying, %; selling, 34 premium; New Or¬
leans commercial, par@60 premium; bank, 200 premium;
Chicago, 60 premium; Boston, par@% discount.
Quotations for foreign exchange are as follows, the outside
pricas being the posted rates of leading bankers:
at 4 84
were
NEW
previous
$318,373,300
53,692,900
Oiroulation...
Net deposits.
DI VIDKNDNi
Per
cent.
Differences fr}m
1882.
Jun4%.
3P** Sinkers' (Saujette.
Kami of Company.
[Voi. XXXIV,
84%.
follows:
as
A few weeks ago the market
appeared to be left to itself, and prices hung sluggishly at or
June 9.
Demand.
Sixty Days.
near the same point, with scarcely any business doing.
But
now the scene has changed, and there are strong evidences of
4 89 ©4 90
Prime hankers’ sterling bills on London. 4 S0%©4 87*3
speculative manipulation, and in the movemonts of several Prime commercial
4 85%2>4 85
4 *6
©4 88*2
4 87^3)4 88
4 85
©4 85%
prominent stocks the hards of operators on the bear side are Documentary commercial
5 16%3>5 15%
5 14382)5 I3ig
distinctly visible. One of the features of the present turn is Paris (francs)
40*8 $ 40^8
40%a> 4050
1
the large decline made in two or three leading stocks, neces¬ Amsterdam (guilders)
95
95
©
Frankfort or Bremen (reichmarks)
95% ® 96
sarily affecting in a greater or lees degree the whole market,
United States Bonds. —There is a very moderate business in
and this is but a legitimate fruit of the inflation of 1880-81,
in which prices of certain specialties were carried up far government bonds, and the dealings are without points of
above their reasonable value.
special interest.
The closing prices at the N. Y. Board have been as follows:
The average buyer of stocks will now be inclined to make
two inquiries—first, What is likely to be the course of the
June June
June
June
June
Interest June
market has been considerable.
general
market inofthethenext
months, asandit by
maythebe export
directedof
twooperators
the attitude
great
y
yield, the labor strikes, and the commercial
prosperity of the country at large? Secondly, What is the
prospect for each particular stock on the list, judged on its
own merits and earning capacity, apart from the rest, and
without regard to the market forces of any particular week or
month ? In reply to the first inquiiy, a rational answer would
gold, the
crop
to be, that the condition of the country is good, the crop
prospects are very fair for a much better yield than in 1881,
seem
the export of gold is not yet threatening to our money market,
the labor strikes are more likely to be adjusted than to con¬
tinue for many months, and the commercial prosperity of the
As to the position of the great
speculators, whose operations have had so much to do with the
course of our market in the past year or two, it may be pretty
safely asserted that they will do in the future what they
have* done in the past, and that is, try at each turn to make
a little more money for themselves, either by bulling or
bearing stocks, as may best suit their own purposes.
In answer to the second question above, as to the value of
each particular stock, it is obvious that no reply can be made
in the limited space of this report; and indeed it is only
possible to obtain such an answer by a constant study of the
stocks from week to week,—their reports, earnings, current
financial operations, management, &c. We have urged before,
that in a ragged and unsettled market, such as we now have,
the only rational way to look at stocks was to take each one
on its own merits and not to trust again to any grand advance
along the whole line that would carry everything before it.
What connection is there, for instance, between Reading and
country is generally sound.
Texas Pacific, between Lake Shore and Richmond & Danville,
between Jersey Central and Illinois Central, between Central
Pacific and Delaware Lackawanna & Western, and so on to
the end of the list ? It is quite true that a large yield of crops
in all parts of the country would benefit all the railroads,
but even with this universal abundance there are many other
points to be considered in the case of each railroad.
As to the actual oondition of the crops this week, a private
letter from one of the most prominent flour and grain houses
Of the country says that wheat promises a decidedly larger
yield than in 1881, though probably not up to 1885, which was an
exceptional year ; other small grains are said to be “ in larger
breadth and in better condition than ever before.” As to corn,
the delay in planting, on account of the cold, wet weather, is
fully admitted, but they
say
there is yot time to make
a
good
crop.
The money
market has been very easy for call loans at 2 to
2% per cent on government collateral, and 2)o to 4 per cent
on stocks.
Time loans on collateral are nominal.
Strictly,
first-class commercial paper of two to four months is quoted
at 414@5% per cent.
Tne Bank of England on Thursday showed a decrease for the
week of £18,000 in specie, and the percentage of reserve
to liabilities was 43)4 per cent, against 40 11-lGlast week ;
the discount rate remains at 3 per cent. The Bank of France
shows an increase of 13,125,000 francs gold and 1,175,000 francs
3.
Periods.
997e
Cs, continued at 3%.. J. & J.
T.a, continued at 3%.. Q.-Feb. *101
4%h, ISO I
reg. (■).-Mar. *114%
4%?. 1 891
coup. Q.-Mar. *11418
4s. 1907
reg. Q.-Jan. *1195q
43, 1907
..‘coup. Q.- Jan. 120%
6s,eur’ey, 1395.,. reg. .). Si J. *129
6h, cmv’ey, 5 8 9 6.. reg. J. 6i J. n::.o
f>%, ciir’ey, 1897..reg. J. J: J. *131
our'eyv 1898. .re.'*, J. A J. 133
'
*
Gs.cn r'c.v. 1899.. res. J.
A J.
*
135
5
6.
8.
7.
9
100
‘99 34 *99% *99% *9f.%
101% 101% 101% *101% *101%
*1 14% *114% *H-1% *114% *114%
*1.14% *114% *114% 114% 114%
*
119% 119% L19 % 119 % 119%
*
120% 120% 120% 120% 120%
*
*129
*130
*131
‘133
*135
*129
*130
*13 L
*133
*
135
*129
*129
*130
*130
*131
*132
*131
*133
*135
*129 "
*130
*131
*132
*133
[*133
the morning hoard; no sale was made.
State and Railroad Bonds.—Transactions in State bonds
have been very limited. The Tenessees closed to-day at 56 and
old Tennessees at 56%. The State officers are promptly on
hand, and have opentkl an office at 7 Nassau Street for the
*
This is the prme bid at
purpose
of receiving and examining bonds previous to
fund¬
ing them under the act of May 19, 1882.
Railroad bonds have not shown a large business for invest¬
ment, but prices of the first-class bonds vary hardly at all with
the fluctuations of the stock market.
Erie seconds have been
active, and sold down to 87%, but afterwards recovered, and
to-day sold freely at 8834@B9. The Wabash general mort¬
gages and other
been weak;
blanket issues of speculative companies have
Railroad and Miscellaneous Stocks.—The stock market
has been weaker than heretofore, and also much more active,
the sales on the decline having been large.
One failure of a
stock-commission house occurred, through the inability of
customers to make good their margins, and this was made the
most of
by the bears, and to-day the street was
filled with
of different failures, apparently without any founda¬
tion. The weakest stocks have been attacked, as usual, and
the decline effected in these has been made use of to depress
the whole market. Two of the most active stocks in the
downward movement wTere Denver & Rio Grande and Louis¬
ville & Nashville, and from "various indications it is surmised
that in each case there are strong parties trying to get control
of the property. It has been reported at the West
C. B. & Q. would obtain the Denver & Rio Grande, but this
does not appear to us at all certain. It is tolerably
that where such efforts are made to depress prices as we have
had the" past fortnight, there are some parties very
to buy; but whether this may be for the long account, to
tain control of certain roads, or merely to cover short sales, the
future must determine.
After a very weak and unsettled
market during most of the day, there was a decided rally
wards the close, and prices became much steadier.
Western Union Telegraph has been well supported,
tho Mutual Union is reported to be progressing
rumors
that
clear
anxious
ob¬
to¬
although
rapidly.
the weakest.
Among the other Gould stocks, Wabash was
Vanderbilts, and they do not
yield as easily as they did a few weeks ago. The Northwest¬
There i3 more steadiness in the
firm on account of the company’s large
St. Paul, with the ten per cent stock dividend to be
made, and the l ight to take ten per cent more stock at par, has
fluctuated within a moderate limit. There have been reports
silver.
of a negotiation between Messrs. Gould and Garrett involving
The New York City Clearing-House banks in their statement the Baltimore & Ohio’s access to New York over the Jersey
of June 8 showed a decrease of $257,525 in their surplus Central, and the settlement of .the B. & O. telegraph compe¬
reserves, the total surplus being $3,951,100, against $4,208,625 tition, and although some sucli agreement seems highly P^oyj
on May 27.
able, nothing definite has yet been announced.
St. F&ul
The following tablo shows the ohanges from the previous Minneapolis & Manitoba has not made a stock distribution, but
week and a comparison with the two preceding years:
will offer $5,000,000 of new stock to stockholders at par.
ern
stock is very
earnings.
THE CHRONICLE.
1883.1
Juhb 10,
THE N. Y. STOCK EXCHANGE FOR THE WEEK, AND SINCE JAN. 1, 1882.
RANGE IN PRICES AT
DAILY HIGHEST
BTOCK8.
Saturday,
June
RAILROADS.
Albany A Susquehanna
Boston & N. Y. Air-Line...... Do
piei..
Burlington Cedar Rap. <fe No..
Canada Southern
Cellar Falls* Minnesota
Central Iowa
Central of New Jorsej*
Central Paoiiie
Chesapeake A Ohio
--—
pref....
2d pref
1st
jjo
Do
c
Chicago A Alton
-
3.
Monday,
5.
Tuesday,
June
64%
48%
65%
88%
*20%
*20
21
"a
00%
00**
73
70
483*
48*4
49
88 H
89
23
31
21 %
130 Ha 130 %
04 a4
83
20 34
28
*2134
180
00%
8834
28
23*2
130
Northwestern......
Do
prof..
Chicago Rock I si. A Pacitic....
Chicago St. L. * New Orleans.
Chicago St. Paul Minn. A Om.
129=8 130%
120
P1^1
Do
l>rei
,
113
143
128% 129
*75
30%
100
75*4 75*4
37Hi
30=8 30 7l
100% 100
100*4
51
61
70
137
Columbia A Greenville, pref...
Columbus Chic. A 1ml. Central
Delaware Lackawanna A West
Denver A Rio Grande
Dubuque A Sioux City
East Tennessee Va. A Ga
Do
P»et.
„
„
Green Bay Win. A St.
Hannibal A St. Joseph
Do
Paul...
—.—
pref....
Houston A Texas Central
Illinois Central.... ..... Indiana Bloom’n A West., new
Keokuk A Des Moines
Do
72
70
47314
48*2!
7.
51
51
69%
0934
70*8
05%
80%
20*8
28
*20
72
28
22
91
*00
70
79
*28
*23
131
3*4=8
3(3%
99% 100%
75
75
31*4
98*8
35%
99%
133*2 134
39
40
79V
301 *4 102*4
69
59*2
Louisiana A Missouri River...
Louisville A Nashville
Louisville New Albany A Chic
-
1stpref
Manhattan Beach Co
Marietta A Cincinnati, 1st pref.
l)o
2d pref.
Memphis A Cliaiieaton
Metropolitan Elevated
Michigan Central..
Milwaukee L. Hh.A West., pret
Minneapolis A St. Louis
Do
pref..
Missouri Kausas A Texas
Missouri Pacific....
Mobile A Ohio
Morris A Essex
Nusbville Chattanooga A St. L.
New York Central A Hudson
New York Cliic. A Bt. Louis...
.
pref.
Do
New York Elevated
Now York Luke Erie A West.
pref.
Do
07%
58*4
57%
39*a
Oregon A Trans-Continental..
27*2 27*2
10034 10178
57*2
53
71*2
64% 68
58*2
58%
67
68
67
136
65 % 65 %
135
135
67
*90
70
39
88
21%
06*8
80%
20%
*27
30
24
131
127% 1*7%
109%
124
129% 130
143*4 143%
129*4 129*4
48
85
48
87*2
83
89
85’b
80
81=a
85%
4o *a
40*2
98%
800
23
7%
7*a
7%
119*4 120% 118*8 119%
52% 56*4
56*8 56%
2.300
121,020
137
7%
*82
....
....
9
8%
10
*15%
8%
10
*84
9
16 %|
91
*90
91
*90
01
80
79
79
79
79
36=8 37%
38
38
26% 27
26% 27
98% 100 % 100% 101%
101%
53
60*4
68%
57
57%
57%
57%
63%
00%
68
58
05
58
67
58
55%
59
92
92
*30
83
82%
45
88
90%
-a-*4
124
67
23*8
91 a4
24*4
124
69
120*8 127
‘11*8
23*2 29*4
*100
333*
3438
59%
95
31
Rich.A Allegh.,slTck trust ctla.
Richmond A Danville.
Richmond A West Point
Rochester A Pittsburg
Rome Watertown A Ogdeusb.
fit. Louis A Uou A Terre Haute
Do
pref.
fit Louis A Ban Francisco
pref
1st pref.
.
..
.".
pref
§t.'eras
A Manitoba
Paul Minneap.
Pacitic
A
Toledo Delpbos A Burlington
Union Pacitic
Wabash Bt Louis A Pacitic
Do
pref.
...
MISCELLANEOUS.
American District Telegraph
Canton Company
Coior&do'Coal A Iron
EXPRESS
Acams
American
United Btatcs
Wells, Fargo A Co
131% 133
38% 38 %J
5,105
4,375
100
67
101%
57%
01%
05*4
58
53
65%
67%
98
31
08
31
71*2
135
190.993
600
8,380
20
GOO
24
24
28%
91%
*87
84
46
86*8
40
40%
28%
26%
28*8
29
27 %
91
92
80%
15%
16%
90
85
4u%
1,000
28,560
1,350
100
90=8
91*4
90*4
91%
88%
12
22
124*2
i 24 V
62*2 55
120*8 120%
10*2 11
125*4 120% 125% 120%
11
23%
*23*2
50
34*4
33%
70
180
24
23*4
50
16%
126
52% 63
"63** ‘*5*4%
*100
33%
15
125
48
11
10%
23
29
105
11
28*4
*
3*3*4 **34
34
70
180
09%
23%
09%
22% 23%
48%
45
47%
29
91 %
10
37,460
05,225
125% 125%
52% 55
*54% ‘ *57
126% 127% 120% 127%
11
11
10% 10%
27% 27%
1,210
6,600
85.087
2,27 5
*100
108
34%
69%
23
48
40%
77%
11%
*31
34%
69%
*25
*58
105
33%
34*4
*xl70 175
2,410
......
113,380
350
40
20%
23%
11,437
48
47%
41%
78%
12
31%
39%
76*4
11%
40%
77%
12%
3,545
45,330
9-1,780
11%
30%
11%
71*2
68
70
67% 68%
66 %
06 %
67%
09
2Q*a
62*2
28*a
27
28*s
25%
52%
53%
52%
20%
54
26%
53%
26%
54%
31
31
4,635
2,950
100
136
61*8
17
100
51
52
*25
27
61
TOO
6,830
47
78
31
15
23%
70
38% 40%
*130
17
17*4
100
102*4
52
2,505
*130
5J*-j
68*2
58*2
49*2 49*2
26
,
00*4
00*4
57% 57%
47
47%
40
47
85
85
25
52%
25%
54
16%
17
....
17*4
100
50%
53%
100
101%
51*4 52%
22%
23
*60
22%
23
03
40
100
20
450
49%
23*4
60%
2,200
10.300
23*4
100
23
400
35
23
61
35
46%
46%
100
*58
46*4
3,075
120,070
5
1,620
100
123
131
131
130
133*2 134*8 134 *8 130*4 135% 13G% *135% 136
37% 39*8
37*4 38%
37% 39%
30% 38*8
37*4 38*2
30% 37%
0,190
72,510
108=8 108% 109% 107% 109*8
2.) *4
23% 25%
26*4
25%
48
•19*4' 45% 48%
49*4
137,150
22.2*4
11134 112*4 1093-i
27*2
28
20 %
60*4
51
49*8
107*4 109% 107
24
27%
23% 20%
47
60V 46% 49%
111%!
40
103
45*2 46
103% 10334
47
104
40=8 4034
119
%
81*2
119
%
8230
40%
117
81%
129
129
Consolidation Coal'
Homeetako Mining...
Little Pittsburg Mining
Mariposa Land A Mining
*27
29
29
Coal
Ontario Silver Mining
Pennsylvania Goal
*13
139
90%
73*2
40%
82%]
90
74
130
29
*39%
118
110
140
42%
103
37
81
44
104
37
82%
80%
95
90
70%
130
70%
130
%
18
1 %
1%
1%
1
1%
*13
15
35%
39% 40
39% 40 |
118% 119%' 118% 118%.
%
%
%
82
82%! 81% 82 %i
138
*136
138
95*4 95%, *95
72
131
70
130
*27 %
‘27%
18
1%
82
135% 137%
30
41
43%
103*4 103*4
39
40%
39% 30%
117
118% 117
*131
139
95% 95%
*72% 74
128
123
*23
43
44
42%
103% 103% 103%
40
103
39
100
84,075
112
42
40
90*4
*72*2
Maryland
2,800
44%
00
85*8
39% 40%
77% 78%
11% 12*4
30% 31%l
104*2 106
61*2 51%
136
COAL AND MINING.
1,700
213,935
mo
20%
140
90
*73
129
18
1%
1%
*71
*129
95
73
r-1 ro
*27%
*18
1
138
18
18
2
2
1,000
8*2
pref
8%
10
13
is*
17*4
17*4
" *8%
8%
10*4
17
33-
oi)
8%
8Robinson Mining
08
Mar.
t Ex-privilege.
Jan. 7
37% Jan. 14
20%
32%
26% Jan. 14 23
Feb. 8 127
Jan. 27 133 *2
Mar. 30 101%
Mar. 28 110%
Felt.
2 117
33%
48%
36%
150
182%
129*4
140
136
84
Feb.
88
33 % 51
91
109%
1
40
40% May 8
100% Mar. 22
57% Jan. 14
41%
68*4
05%Juno 7
133
70
0
110*4
52%
82
84
Jan. 14 81
10134
Jan.
7 138% Apr. 6 127% 142
Mar. 10 104
Feb.
2
82
95*8
June 7
21% Jan. 7 18% 32 %
131
Apr. 24 128 % Fob. 3 107
Mar. 14 74% Jan. 20 60
113*4
Apr. 15 85
Apr. 28 70% 83
21
Jan. 14 13
Juno 8 10
8%
15%Juno 7
8
90
23
20% Jan. 18
Jan. 18
Feb. 15
10
Mar. 1 110
Mar. 2 111%
Mar. 11
80
Feb.
33
44% 350
8
121
94
100
63
127% Jan. 4 137% Mar. 30 124
140%
30
Mar. 8 48% Jan. 14
38% 57%
] 3 % Fob. 23
19
Mar. 23
14
30*4
20
Mar. 21
49
41
66
Jan. 19
20%Juno 7 37*4 Jan. 14 32
05%
June 0 120*8 Mar. 30 112% 135%
98
4 it % Feb. 21
63
00
June 1
44
15
Mar. 30 1 0 % 38
May 26 24
110%
61%Juno 9 100% Jan. 3 79
57
June 5
75
Jan.- 9
50
117%
43
60 *8 Feb. 11 15 % 59%
Apr. 21
89% May 25 98% Jan. 28
27>
Jan. 23
18
Mar. 30
37
59%
8
24
9
May 1 15% Jan. 10
15
4
it % J an.
0
3
Apr. 1 1
93
44%Juno 7 82% Jan. 18 41
8 4
Jan.
4
92
Felt. 8 77% 120
77
Jan. 10
84% 126 %
Apr. 18 90
4 1 % M ar. 11
52% May (! 42
61%
19
23
Mar. 0 25% May 11
30%
Feb. 25
59
04
02
% 70%
May 8
20% Mar. 1 1 39% Jan. 14 31% 54
114%
86% Apr. 21 101% Jan. 28 85
12
Juno 0
18 >4
39%
35% Jan. 21
131
119% Mar. 13 126 June 7 118
102
62%Juno 5 87% Jan. 14 03
123% May 1 136% Jan. 14 130% 155
10% May 25 10
Apr. 27
27
May 27 35
Apr. 27
100
130%
May 1:5 109% Jan. 27 90
33 *4 June 7 43% Jan. 14
39% 62%
85
07
Jan. 14
Mar. 8
80% 90%
108
Feb. 17 180
May 6 101*4 190
20% Juno 9 29% Mar. 28 25% 43%
20
24
J an.
0
Feb. 27 23% 20%
70
44% Mar. 8 58%.Jan. 11 53
28% Mar. 9 42% May 22 32% 51
64
00% Feb. 23 80% Apr. 5
*8 88%
11%Juno 7 25% Jan. 14, 21
37%
60
27
Feb. 23
39% Mar. 28 35
90% Mar. 9 110% Mar. 28 97% 128
18
12
J une 3 23% Jan. 16
37%
GO
83
J an. 30
76*4 Apr. 3 64
200
190
Jan. 31 201
May 9 190
25
June 9 37% Jan. 14 27% 67%
61% Mar. 11 67% Jan. 7 50
V4%
142
133% Fob. 24 138
May 13 127
80
40
35
10
Jail.
6
May 25
99
May 13 250 Feb. 7 99% 171
Feb. 15 122
14 7
174%
May 15 203
50
22% June 8 36% Mar. 22 22
22
20
Mar. 17
Jan.
3 20
50%
77%
20% Mar. 8 43% Jan. 16 39
Jan. 16
85
55
i43%
Apr. 20 92
55
39
34%Mar. 8 46% Jan. 25
43
Mar. 8
06% Jan. 26 03
81*4
115%
79% Fob. 24 100% Jan. 17 90
20
Feb. 15
42%
32% May 24 26
68
80
Jan. 19
89%
May 20 70
108% Jan. 26 136% May 31 88% 113%
34% Mar. 9 51%JaiL 14 41% 73%
38
7 15
10% Fob. 15 17% Jan.
107
Juno 7 119% Jan. 16 105% 131%
70
Jan.
9
Jan. I t
......
6
45%June 9
23%June
31
60
38
Jan. 28
Feb. 17
Mar. 13
117
76
13
00
05
31
03
35
Feb. 14
Feb. 20
53% Mar. 30
109
“2
60
96*4
74%
73*4
67
89% 115*4
Feb. 20
77
92
May 19 149% Jan. 10 120
153
June
17
49% Jan. 10
31 145
Apr.
24 4 5% Feb.
5 145
1
17
% May
Ja Mar. 11
5
93 *s Mar. 28
62%
151
4%
Feb. IS
97 % Feb. 25
62% 93
June 8 80% Jan. 2G 51% 79
142
Feb. 2 i 131
Juno 8 112
Mar. 14
s
0
2
J
1 1
27 % Mar. 23
% ,iuuo 3
0
Jan.
5
>4 Jan. 17
13 % May 20
an.
May 25
2
O
30
14
36% Jan. 30
19% Fob.
4
2 % Mar. 27
2 % J an. 25
20
3G
Jan. 10
.Tan. 17 2i:>
May
8%Juno 8
1 1
71% Jan. 14
49
190
l%Juno
1*4 June
13
33
240
33*4
64*4
38% Jan. 14
30
134
3 39
Jan. 18 120
Jan.
3
Mar.
1 % Felt
made at the Beard.
8
97 % Feb. 24
44
Mar. 9
•j
was
80% 102%
20
4 130
Jan.
29% Feb. 23
2
liverclilt Mining..
torment Mining
the prices bid and asked—no sale
124
120
43*4 May 21
•J.'O
*13
it
Mar.
15% Jan. 17
700
15
21
23
800
17%
...
*13
27** Apr. 18
100
49%
%
.....
Feb. 23
9
475
525
50
10%
94% Jan. 14
70 134
90
432
148
70
140 125
*8% **'8%
35%
50
*
Standard Consol. Mining
80
800
113,911
35%
35
35%
10
40%
31
45
82% 112
4,180 102% Mar.
37
Mar.
144
123
Jan.
37
4.050
Apr.
350
600
100
100
%
1%
4,945
**
Quicksilver Mining
700
600
28=8
.
Delaware A Hudson Canal
New York A Texas Land
Oregon Railway a Nav. Co
Pacific Mail
Pullman Palace Car...
Butro Tunnel
Wert.Union Tot., “x-certilic’a..
are
200
4%
*S6
29% Mar. 17
04% Juno 5
01
.
These
200
6,800
1,700
44%
80
84%
44%
40=8 41*4
78 =a 79
123b 12=8
317e 317s
283b
*
203,835
%
28
105
53=8
Now Central Coal
000
44%
85%
83
85%
45*4
58%
*90
31
90
71%
Apr. 10145% Juno 1 131% 147%
1,820 125% Apr. 18 135
Jan. 13 129
148%
......
28
62*4
Cameron Coal
Central Arizona Mining
Deadwood Mining....
Exoelsior Mining
1,530
65% 05%
*134% 135%
80
4
283a
Do
18,090
2G.G35
14,430
137
90
50
23
Mar. 25
37 *4 J an.
4
97 % Feb. 20
19% Mar.
Juno
127% Mar. 11 135 %
L27% Mar. 13 138
77,082 104% Jan. 4 118%
7,735 118% Apr. 14 12G
99 %
66%
09
6.262
35%
60%
72
45
1,020
35%
36%
99% 100*4
*90
32*8
Philadelphia A Reading
Pittsburg Ft. Wayne A Chic...
„
625
294
132
75
75
135
30
O
4,560
11,470
Jan.
0
June 5
Feb. 23
Feb. 18
High
85% Fob. 2
56% Jan. 16
70
44
15
87%
30
Low.
3 135
Mar. 21 120
32*4 Jan. 18 25
Jan.
00
314
135,900
23
23
131 % 131%
108
124
4,885
,
67%
20%
Highest.
32% Jan. 18
75
75
35 %
Panama, Trust Co. certificates
Do
45%
79
27
20%
98
58
50%
91
Peoria Decatur A Evansville..
fit Paul A Duluth
72
Lowest.
130
70%
01
39
64%
57
69
*00
32
New York New Haven* Hart. *179
180
24
New York Ontario A Western.
21*4
Norfolk A Western
Do
60
50
pref
Northern Paciflo
41
413e
Do
pref
7834 79*4
Ohio Central
12*4 12 %J
Ohio A Mississippi
32*8 32*8
Do
pref
Ohio Bouthorn
12
12
Do
Do
70
*07
45%
08%
183*" 3.3*3% 131% 132% 132% 133
183*2134
38*2
Woek,
Shares.
500
9
91
79*4
70%
70
47
129% 129%
127% 128
128*4 128%
108% 109% 109% 110%
121*4 123% 124 125
128% 129% 129*8 179=8 129% 130
142
1423,
142% 142% 143% 143%
128% 129
129*4 129%
128*4 129
8
9
*90
70%
07%
87%
87%
20*8 -*20*4
0.
135
70
47
67%
0
8*2
7
8*2
7%
7%
138
119% 118% 119% 118
119% 118*4 119%
54*2 55%i 54=8 65%
54% 56
54% 60i.i
*83
84
84
84
9
9%
9*2
9*2
9%
934
9%
9%
10
16
*15% 18
15% 10
7%
June
135
40*‘ *4*7%
00%
88%
*20% 22
28
28%
*21%' 24
130% 130%
128% 129*4
109
110%
121% 123
Friday.
8.
June
......
Long Island.
Dt
70.
70
Juno
Full
Range Rince Jan. 1, 1882. Year 1881.
Bales of
the
l>ref—
Lake Erie A Western
Lake Shore
Manhattan
120
129*4 130
143
143
129
129
78
70
leveland Col. Cin. A Iud.^.—
Cleveland A Pittsburg guar... *130
gincinnati Sandusky A Clev...
6.
05
87
2034
Chicago Burlington * Quincy
Chicago Milwaukee * St. Pau:
Chicago &
Wednesday, Thursday,
Jnne
I For
PRICES.
135
70
70
129% 129=8 129
129*2
109*2 110*2
110% HI
Do
LOWEST
AND
135
*59
657
43
29%
1%
8%
%
9
Jan. 20
17%
35
May
32%
9
14*i .Tan. 14
09 a Jan. 19
19% Apr. 5
3/
Jan. 12
1 % J an.
4
0% Feb. 3
2% Apr.
12
53
21%
7.>%
17%
27
25
1
4
45%
%
4
20
Jan.
9
4
J in. 28
2 S Jan.
5
1 % Feb.
6
38%
254
Jan. 1*5 240
18
2
•
2%
1%
7
14
7
%
13 %
7
4
658
THE CHRONICLE.
[Vol. XXXIV.
QUOTATIONS OF STATE AND RAILROAD BONDS AND MISCELLANEOUS SECURITIES.
STATE
1 Ask.
Bid.
SECURITIES.
J
AlabamaClass A, 3 to 5,1906. ..
Class A, 3 to 5, small ...
Class B, 5s, 1906
Class C, 4 s, 1906
Michigan—
6s, 1883
7s, 1890
80*8’ 80 V
HI
1
99
100
110
29
20
25
IS
18
35
30
funded, 1899-1900 ..
L. Rock A Ft. S. iss.
Memp.A L.Rock RR
L. R.P. B. A N.O. RR
7s, Miss. O. & R. R. RR.
7s, Arkansas Cent. RR.
6s!
......
,
8
Connecticut—6s, 1883-4..
105
109
109
115
Georgia—6s, 1886
7s, new, 1886
7s, endorsed, 1886
78, gold, 1890
6s,
6s,
6s,
6s,
6s,
109*2
110
118
Louisiana—
66
62
7s, consol., 1914
78, small
114
118
101)
100
Land grant
ibovi L01*4
Balt.A O.—1st,6s, Prk.Br.
Boat. JIartf. A E.—1st, 7s
4*5
Guaranteed
Bur. C.Rap.A No.—1st, 5s
Minn.&St.L.—lst,7s,gu
IowaC. A West.—1st, 7s
47*2
47
.....
—
99
99*s
Do
A.AO
Chatham RR
•
.
Special tax,class 1. ’98-9
AND
RONDS
3*23, S. A...
103
7J 104*2
101
^
89
******
75
.
91
'91“
i‘27
..
.....
”””
j
*1*05*1
*
—
......
7 3-10,
P. D., 1898..
.
124
122
122
120
1
2d, 3-4-5-68, 1909
121
*73
102*4
N.Y.A New
Eng.—1st, 7s
1st, 6s, 1905
*118*4*1
110^4
94
94*4
94
Miu’l Pt, Div., 5s,
95
98
no
i 02
1st, 7s, 1885
Coupon, gold, 7s, 1902.
Reg., gold, 7s, 1902
Sinking fnnd, 6s, 1929
Sinking fund, reg
Sinking fund, 5s, 1929
Sinking fund, reg
Iowa Midland—1st, 8s
Peninsula—1 st, conv. 7 !
A
ho
*
125
X
—
|125
iii
**98*2 i;;;;;;
584V
85
N.Pac.—G.l.gr.,lst,cp., 6s
102 78
103”
Registered 6s, 1921
N.O. Pac.—lst,6s,g. 1920
Norf.AW.—G’l., Os.1931
....
A
Ohio A Miss.—Consol, s.f.
Consolidated 7s. 1898..
2d consolidated 7s, 1911
......
t
109*4
i20
*124
125*2
125
3
......
1st, Springfield Div., 7s
_;
_
ioi *2
s
101
*
112*2
No. Wis.—1st, 6s,
111
)
*99*2
.
Mortgage 7s, 1907.
Syr.Bing.AN.Y.—1
Morris A Essex—li
2d, 7s, 1891
j
.,
i*0*3
.
...
87
******
127
.
s
1*23
*
137
140
'116*2
.
Bonds, 7s, 1900
7s of 1871, 1901..
*103f*8
X
8
*112
1st Miu’l Div , 6s, 1921.
Ohio bo.—1st, 6s, 1921
'101 j
Ceeilian Br’cli—7s, 1907 105 V
N.O. A Mob.—lst,6sl930
E.II. A N.—lft, 6s, 1919
79*2
i*0*5*‘
(
122
121
.....
......
rw.
Reg., 7s, 1917.
Alb. A Susq.—Is
Rens. A Sar.
St.L.A S.F.—2d
So. Pac. of Mo.—
Tex. A Pac.—1st,6s,
*ioo
Consol., 6s, 1905
......
97*2
97
A
A
No price
*21*
60
85
84
50
\ *115
.
%
Friday—these
are latest
115
.
i 05**2
96
!””!
Pitts.B. A B.—1st,6s, 191 i
Rome W.A Og.—Con., li t
89
103
86
......
.
*
Gen.
r’yA1.
gr.,
1085s
.
.
5s, 193 1
St. L. Alton A T. H.—Is
56
*105
75
.
.
Belleville A S. Ill.
t *
s
2d. 6s. 1909.
.
111
no
t Ex J uue coupon.
77*j
Evansv. Div.—Tnc.,1920
Roch.A Pitts.—Ino., 1921
So. Car. Ry.—rnc.,6s,1931
St. Louis 1. Mt, A So.—
71
46
40
40
3 *60
25*
25*
32
*28*’
*7*6“
*60
4*4* ‘
48*i
94
87
1st, 7s, pref., int. accum.
2d, 6s, int. acc’mulative
37
50
Tol. Del. AB.-Inc.,6s,1910
Dayton Div.—6s, 1910..
Tex.ASt.L.-L.g.,inc. 1920
(Broker's Quotations.)
Va. Stato—New 10-408..
86
Car. Cent.—1st, 6s, 1920
104*2 Cent. Ga.—Consol. 7s
Stock
87*2
100*4 Chic. St.L. AN. O.—5s, 1951
70
Cin. I nd.St.L. A C.—1st, 6s
Gal.H.A
Hen.—7s,g.,1902
Georgia Railroad—7s.—
6s
Kansas A Neb.—1st....
2d
Long Island—1st
Char.—1st, cons.
106
1st, consol., Tenn. Jien.
80*2 N.Y.AGl’nw’dL.—1st, 6s
i08V
95
121
67*4
40
Miscellaneous List.
109
117
108*2
......
quotations made this week.
ii6”
106
Arkansas Br.—1st
Cairo A Fulton—1st...
Cairo Ark. A T.—1st...
2d prof, debentures
3d pref. debentures
4tli pref. debentures—
N.Y. Lake E. AW.—Inc,6s
N.Y. P. AO.—1st inc.ac.5-7
83
50
47"
St’g r. ARy.-Ser.B.,inc.’94
Plain incomes 6s, 1896.
115*2 117
H
_
*80
52*2 Sterling Mt.Ry.—Inc.,’95
St. L. A. A T. H.—Div. bds
95
98
2d, 7s, 1897
.....
138*2
131
7 *109
'Income, 1900
s
2d assented, 6s, 1909...
,eh. A Wilkesb. Coal—’88
,ake E. A W.—Inc. 7s. ’99
Sand’kvDi v.—1 no.,1920
597g
785a; Ohio Cent.—Income, 1920
Min’l Div.—Inc,7s, 1921
Ohio So.—2d inc., 6s, 1921
Ogdens. A L.C.—Inc., 1920
8
5
108
Trust Co. certificates
nt, A Gt, North.—2d inc.
Mil. L. S. A W.— Incomes
l *113
1 *120
consol., 7s, 1909.
St.L.V.AT.H.-lst.g
2d, 7s, 1898
*1*24*2
.
.
*
94
94
i i39'*2
1
1*0*5
45
45
irn.-
Peoria I). AE v.— 1 nc. ,1920
8
78
65
-L.g.inc. 6s
3.,us, 1931
98*2
80
80
*99»4
105 5s
88
102*2!
*112
2d, 7s, 1891.
Trust Co. certificates
.
.
20
109*2
109
10 JV
1*107*2 108
6s. 1909
.
..
47V
1003s
coi
3d, 7s,1906
2d
_
1910
..
Col.C.A I.C.—Is
114
111
90
no
101
ii*8*i
(
......
Clev. A Pitts.—Cons.
106
98
1003s 100*2
l
1
106
Mo. Pac.—1st
2d, 7s, 1912
90
100
103*2 104*8
Louisv. N. Alb. AC.—1st,6s
Manhat.B’ch Co.-7s,1909
Coupon, 5s, 1931
104*t
108
?gon B
INCO ME BONDS.
ii*4”
102
100
2d, 7s, 1913
V124
991*
109
99
11U
’itts. Ft. W. <S
90
100
100
55
I
1053s
118
118*4
*113*4
A
82 *a
92
110
<>
114
j
102i, 10230
90*
*110
*119
1900, reg
*103*2
'106
107
4 *«s, Is
Registered, 1921
Laf.Bl.A M.—1st, 6s, 1919
107
No. Missouri—1st, 7 s
^
I
Pa.Co’s guar.
Louisv. C.A L.—68,1931
! L. Erie A W.—1st,68,1919
.
Coup.,ra7s,1 1894
uni
ioiv
no
*107
..
123
102
82
94
..
117*4
San Joaquin Branch.
Cal. A Oregon—1st, 6s
State Aid bds, 7s, ’84
Land grant bonds, 6s.
West. Pac.—Bonds, 6s
So. Pac. of Cal.—1st, 6s
Union Pacific—1st, 6s..
Land grants, 7s, ’87-9
Pennsylvania RR.—
S.AN.Ala.—S.f.,6s,1910
Leban’n-Knox—6s, 1931
N.Y.AM.B’h—lst,7s,’97
Marietta A Cin.—1st, 7s.
1st, sterling
Metrop’lit’n El.—1st,1908
2d, 6s, 1899 .Micli.Cont —Con.,7s,1902
1st, 8s, 1882, sink’g fd.
Equipm’t bds., 8s, 1883
*60
73
-----
117
......
59*2
78*2
6s, 1921
2d, 3s, 1980
Nasliv. A Dec.—1st, 7s.
.
78,1891.
118*2
1*26*1^
*90
Oreg’n A Cal.—1st,6s,1921
Panama—S.f. sub.6s, 1910
Peoria Dec. A Ev.—1st, 6s
Evans.Div., 1st,6s,1920
Pac. RRs—C.Pac.—G.,6s
..
—Registered, 5s, 1931
122
Jack.Lan.A Sag.—6s,’91
121*2 Mil.wNo.—lst,4-o-6s,1910
i06*4 107
Mil. L.S. AW.-1st, 6s, 1921
1117
Minn.ASt.L.—1st,7s,1927
117
Iowa Ext.—1st, 7s, 1909
i "i6*2 (
2d, 7s, 1891
117
S’thw.Ext.—lsl.7s, 1910
1 '
125*2
Pac. Ext,—1st, 6s, 1921
126
Mo. K. AT.—Gen. con., 6s
114
Cons., 7s, 1901-5-6
106
2d, income, 15)11
6 125
H. A Cent. Mo.—1st, ’90
pi*
(Mobile
A Ohio— New, 6s.
1137
j*137 |
t Collat. Trust, 6s, 1392..
[)| 11234 ii3 ‘Morgan’s La. A T.—1st. 6s
.
123
126
115
116*2
97 V 97^4
97 V
87*s
85
85
Equip, b’nds, 7s, 1883;
Consol., conv., 7s,1907
Gt. West,—1st, 7s, ’88 105
2d, 7s, 1893
Q. A T.—1st, 7 s, 1890.
Ill.ASo.L—1st, 7s, ’82
Han.ANaples—1st, 7s
St.L.K.C.AN.—R.e.7s 102*
102*2
Ora. Div.—1st, 7s.
Clar’daBr.—6s, 1919
St. Chas.Br.—1st, 6s
94
Central—1st,6s, 1920
1st, Ter’l Tr., 6s, 1920..
Ohio
126*'
Sandusky Div., 6s, 1919
'-no
103*2
W.—1st, ext,, 7s '109
1st, St, L. Div., 7s, ’89
*95
2d, ext., 7s, 1893
101*8
118*2
St.L. Div.—1st,
>
Col. A Green.—1st,6s,
2d, 6s, 1926
DeLL. A W.—7s, com
1st consol. 5s, 1931
Louisv.AN.,—Cons.7s,’98
2d, 7s, gold, 1883
95
Tol. A
”85**4 *86"
118*2
1st consol., 6
Fensac’la Div.—6s, 1920
i*20*
120
.
1
106*2 108
Wabash—M. 7s, 1909...
—
1st, 6s. 1896..
Den.Div.,6s,a
General, 6s, 1930
3
.
1st, 7s
Consol., reg., 1st, 7s
Consol., coup., 2d, 7s.
Consol., reg., 2d, 7s...
Long I si. It.—1st, 7s,1898
small...:
registered....
Detroit I)iv.—6s. 1921..
Cairo Div.—5s, 1931
,
N.Y.C. ASt.L.-lst.Gs,1921
Nevada Cent.—1st, 6s
....
..
132
Consol, bonds, 7s, 1915
Extens’n bonds, 7s, ’8i
1st, consol, ,7s ,1897.
Consol., coup.,
14
Ind’polis Div.—Gs, 1921
...
1st, H. A D., 7s, 1910
Do
Do
—
.
Lake Shore A Midi. So.—
109
Mich.S.A N.I.—S. fd.,7s 107
Clevo. A Tol.—Sink. fd. 108*2
*1U8
New bonds, 7s, 1886
118*2
Clevo. P. A Ash.—7s
'122
Buff. A Erie—New bds
Buff. A State Line—7s.
Kal. A W. Pigeon—lsl *109
Det. M. AT.—1st.7s, 1906
Lake Shore—Div. bonds ii8
123*2
.
1
108 VI08 *2
61
42
10
Registered
Funding 5s, 1899
fc
1165a
2d, 6s, 1901
Dakota Ext.—6s, 1910..
N. Y. Central—6s, 1883.. 1 ioi 5s !!!!!! s t.P. A Dul.—1st, 5s, 15)31
6s, 1887
£ o. Car. Rv.—1st, 6s, 1920
6s, real estate, 1883
*ioi'*a
2d, 6s, 1931
6s, subscription, 1883.. *101*2
n 'ex.Cen.—1st,s.f.,7 s,1909
N.Y.C. A lit.—1st, coup. 134*2 134 78 i ’ol. Del. A Bur.—Main. 6s
133 *2
1st, reg., 1903
1st, Dayt. Dir., 6s, 1910
A
iii
Hilda.R.—7s,2d, s.f.,’85
1st, Ter’l trust, 6s, 1910
Cau’da bo.—1st,int.guar
94*2 95*2 *
1
Ilarlern—1st, 7s, coup.. *131
132
1st, 7s, reg., 1900—-.
Chic: Div.—5s, 1910
N.Y. Klev’d—1st, 7s, 1906 117 V 117 V
Hav. Div.—6s, 1910
N.Y.Pa.AO.—Pr.l’n,6s,’95
Tol. P. AW.—1st,7 s, 1917
55
N.Y.C.AN.—Gen.,6s,J
Iowa Div.—6s, 1921
Keut’ky Cen.—M. 6s, 1911
*109
82
SECURITIES.
Registered 8s, 1893
Collateral trust, 6s...
90
56ia
.
Nash.Chat. ASt.L.—1st,7 s
....
....
102
*120
55*2
31
31
31
Small bonds
Sinking fuud3, 8s, ’9!
...
Coupon, 6s, 1909...
125
122
i2i*4
116
90
Indianap.D.ASpr.— 1st,7s
2d, os, 1911
Int.A Gt.No.-lst.6s,gold 105*2 106
121
Consol. 7s, 1
2d. 7s, 1884
Bl. A W.—1st
prf.,7s
1st, 3-4-5-68.1909
,
6s, deferred
8
103H
551* 56a,
5514 5634
......
110*8
2d, extended 5s, 1919
C.Rap.Ia.F.AN.—1st,6s *104
105 **4 iboL1334
Central Iowar—1st, 7s, ’99 111
3d, 7s, 1883
Char. Col. A Aug.—1st, 7s 106
4th, extended, os, 1920. '107*2
*110*8
Clies.A Ohio—Pur. m’y fd.
5th, 7s, 1888
100*2
1st cons., gold, 7s, 1920
126*4
6s, gold, series A, 1908.
79 I 80
124
1st cons., fd. coup., 7s.. *i2ic
6s, gold, series B, 1908.
44
45
i
6s, currency, 1918
Reorg., 1st lien, us,1903
Mortgage us, 1911
Long Dock b’ds, 7s, ’93.
1.2
4*2
125
Buff. N.Y A E.—1st, 1916
130*2
Chicago A Alton—1st, 7s
*101
'
88
I ncome 7s, 1883
N. Y. L. E. A W.-*New2d 6
j
A
Bulking fund, 6s, 1903. 112*2
87 v;
2d, consol., fd. cp., 5s...
Joliet A Chic.—1st, 8s.. *114
Buf.A S.W.—M.jOs,1908
La. A Mo. Hiv.—1st, 7s 115*4;
]Ev.A T.ir.—1st. cons.,6s.|
96*2
Fl’t A P. Marq.—M.6s, 1920
2d, 7 s, jOOO
St. L. Jack. A Chic.—1st *114*4* i’i6 * Gal.Har. A s. Ant.—1st,6s 104**
1st, guar. (564),7s, ’94
2d, 7s, 1905
”84”
2d (360), 7s, 1898
Gr’n Bay W. A S.P.—1st,6s
Gulf.Col.A S. Fe—7s,1909 *106*2 103*2
2d, guar. (188), 7s, ’98
Han.A St.Jos.— 8s, conv.. 105**4 107
i
Miss.R.Br’ge—Ist.s.f.Os
l(|OU!
Consol. 6s, 1911
C.B.A Q.—8 l>. c., 1st, ’83.
131
132
112
Consol. 7s, 1903
Hons.AT.C.—1st, l.gr.,7s.
108
109
5s, sinking fund, 1901..
1st, West. Div., 7s—i
*112
115
Ia. Div.—S. F.. 5s, 1919.
lst, Waco A N.,7s
120
*8738 2d consol., main line, 8s
S. F. 4 s, 1919
127*2'
C. R. I. A P.—6s, cp., 1917
2d, Waco A N., 8s, 1915
127*2
129
100
6s, reg., 1917....
General, 6s, 1921
105
j 105*2 Hous.E.A W.Tex.—1st,7s
Keo. A Des M.—Is, g.,5i
J105'
117*4 118*2 Ill. Cent Sp.Div.—Cp.6s 113
Central of N. J.—1st, ’90
110
111
1st consol., assented,’95
Middle Div.—Reg. 5s.. 108*2*110
108*i
Dub. A Sioux City, 1st.
Conv., assented, 1902..
104
105
Dub. A S. C., 2d Div., 7s *110
Adjustment, 7s, 1903...
100
101
i’20
Leh.A W.B.—Con.g''
Ced. F. A Minn.—1st, 7s 115
2d!
7*2
7
100
—
his”
..
Ask.
81^ District of Columbia—
82
365s, 1924
110
MISCELLANEOUS
1st, 6s, 1920
i Ind.
80
80
4s, 1910
Bid.
6s, 'Act Mar. 23, 1869 )
non-fuudable, 1888. )
Brown cousol’n 6s, 1893
Tennessee—6s, old,1892-8
6s, new, 1892-8-1900...
6s. new series, 1914
Virginia—6s, old
6s, new, 1866
6s, new, 1867
6s, consol, bonds
6s, ex-matured coupon.
6s, consol., 2d series
Rhode Island68, coupon, 1893-99
Divisional 5s, 1930
| Eliz.C.A
J
N.—S.f.,deb.c.6s
93*2
5 *2
6s, 1886
I .T. Va. A G.—1st, 78.1900
1st cons., 5s, 1930
135
class 2
class 3
Do
Do
SECURITIES.
South Carolina—
5*2
5*2
Ohio-
1Eliz. Lex. A Big S.—6s...'
1
Erie—1st,
extended, 7s...
134
120
1868-1898
bonds, J.AJ., ’92-8
Consol.
Small
1
Den
v. A R.Gr.—Confin'd—
1st consol., 7s, 1910
I
Denv.So.P.APac.—1st,7
s.
I
Det.
Mac. A Marq.—1st,6s
(Stock Exchange Prices’.)
Ala.Central—1st, 6s, 1918
Atch. T. A S. Fe—4*2, 1920
Atl. A Pac.—1st, 6s, 1910
New
68
66
Railroad Bonds.
coup,
coup,
Do
113*2
gold, reg., 1887
gold, eniin., 1887
.
loan, 1883 .S
loan, 1891
loan, 1892
RAILROAD
-
’87
do
Do
New York—
......
A.AO
off, J.AJ.
off, A. AO.
Funding act, 1866-1900
111
due 1888
Ask.
25
25
140
140
120
120
8
8
15
15
4
Carolina—6s, old, J. AJ
Do
Do
Do
109
110*2
..
Bid.
6s, old, A.AO
No. Carolina RR., J.AJ.
102 *2
6s, due 1889 or 1890....
Asyl’m or Univ., due ’92
Funding, 1894-’95
Hannibal A St. Jo., ’86
......
SECURITIES.
N.
103
115
f?H( due i 880
6s, dllO 1887
Arkansas—
6s,
7s,
7s,
7s,
Ask.
Mianmirj
86*4
6s, 10-20s, 1900
Bid.
|
8ECU BITIES.
BONDS.
78
......
Mem. A
2d
:St. Joseph A Pacific—1st
2d
v
St. Jos. A West’n—Stock
Tex. A St.L.—1st, 6s, 1910
Western, N. C.—1st, 7s..
42*2 44
90
100
112
114
96
99
100
103
103
102
73
125
121
105
108
70
55
20
15
115*8 116*1
105
110
30
8
60
20
10
70
104
40
12
72*i
30
11
80
107
New York Local
Quotations in Boston, Philadelphia and Baltimore.
Securities.
Insurance Brock List.
L/LIU )
»•••■••
ir
Corn
100
25
25
100
Exchange*
Eleventh Ward*
EM-fth
100
100
100
30
50
First
•••
UcUlaciu.
75
100
100
25
100
100
50
50
300
50
American*.
Exchange*.
German
German
Greenwich*
Imp. and
Ask.
Bid.
Butchers’ A Drov’rs’
Traders’...
flity*
Leather Manuf’trs’.
Manhattan*
100
100
25
50
25
100
50
50
100
100
Mechanics’
Mechanics’ Assoc’n.
Mechanics’A Tr’drs’
Merchants’ Exch’ge
Metropolis*
J£OVlpt Morris*
100
100
100
100
100
100
70
30
Nassau*
New York County...
N. Y. Nat’l Exch’ge.
Ninth
North America*
North Rivor*.
150
154
120#
Bowery
Broadway
Brooklyn
....
130
....
125
Clt izens’
130
Clinton
•
City
Columbia
Commercial
•
.
•
104
Continental
Eagle
Empire City
....
.
153
118
.
110
172
173
„
.
Exchange
Farragut
Firemen’s
Firemen’s Trust
Franklin A Emp....
German-American..
Germania
...
....
„
50
100
25
20
50
100
100
100
100
100
100
100
100
40
50
100
100
People’s*
;.
Phenix
Produce*
8t. Nicholas
pevent.h Ward
Eecond
Shoe and Leather...
Sixth
State of New York..
Third
Tradesmen’s
TTnion
United States
West Side*
Gas and
50
100
25
25
17
20
70
100
30
50
100
40
100
30
50
17
10
American
American Exchange
*
122# i23
....
Hamilton
Hanover
Hoffman
Home
Howard
...
133
140
133
...
Importers’ & Tr’d’rs
-
Irving
t
,
Jefferson
143
Kings County (Bkn.)
....
140
135
Knickerbocker
Lafayette (Br’klyn).
Lamar
Lenox
Long Island
i btt
ioo
132
-
-
100
25
50
50
50
50
50
Mech. A Traders’...
Mechanic*’ (B’klyn).
Mercantile
Merchants’
T
®
•
100
Manhattan
...
-
(B’klyn)
Lorlllard
Manufac’rs’ & Build.
100
116
Montauk (Brooklyn)
Nassau (Brooklyn)..
J
•
National
•
New
New
New
New
125
....
112
87#
35
100
100
100
50
25
25
LOO
20
50
50
50
100
25
50
100
100
25
25
25
10
York Equitable
:.
York Fire
York & Boston.
York City
Niagara
North River
Pacific
Park
Peter Cooper
....
People’s
...»
Phenix
Relief
Republic
Rutgers’
,
...
Standard
Star
Sterling
....
124#
.
...
Stuyvesant
109
Tradesmen’s
United States
Westchester
143
105
200
185
1“5
153
! IT
135
150
110
210
107
195
160
125
145
105
245
220
80
100
120
85
105
110
190
150
115
210
05
120
148
75
150
90
80
63
143
195
80
lo7
70
75
230
100
60
105
77
140
U0
70
110
112
105
65
150
no
140
160
120
150
105
20
67
185
no
200
LOO
16
63
180
100
190
120
185
115
140
70
75
145
115
75
53
125
75
129
120
250
50
Williamsburg City..
Ask
98
235
50
50
25
100
15
50
50
100
50
5«
100
30
20
40
50
100
25
50
25
Greenwich
Guardian
....
Bid.
50
100
100
Globe..
....
...
25
Pftoiflc*.;
Par.
Companies.
Par.
Exchange
Am.
PltlCE.
Price.
too
100
100
25
25
100
100
25
100
26
100
100
100
Ask.
85
125
90
112
120
197
155
120
300
70
125
153
80
lo5
96
90
68
153
410
85
112
75
80
112
85
145
150
80
115
120
125
19»
12)
146
75
85
155
125
83
60
133
80
133
125
260
4tch. &
do
i24fc
..
:
Harrisburg 1st morL 6s, ’83...
| H. A B. T. 1st m. 7s. gold, ’90.
!
Chicago Burl. A Qulncv D.Ex 83%
113#
Conn. «v. PaHsnmpsic, 7s
Ci nnc tt*n Val ey. 7a
.
tall ornla Southern, 6a
a-aaiom, Mass., 4*s, new.
84
114
00
cons. m. 58, 1895—
88
llthacaA Athens 1st g d, 7s.,’80
i unction 1st mort. 6s, ’82
102#
do
2d mort. 6s, 1900
Lehigh Valley, 1st,6s, reg.. ’98
190
do
Ist, 6s. cp., 1898
12a
do 2d m. 7s, reg., 1910.. 133#
51
..
83
...
107# 108
..
Fitchburg RR.f 6»
do
7b
Fort Scott A Gulf 7s
Hartford A Erie 7s
K.
111
113# 114
’07#
8494
113%
...
do
Norf’kAWeot.,gen. m.,6s.lb31
Dll Creek, 1st 63, coup., 19t?..
Penn3ylv.,gen. m. 6s, rg., 1910 123
do
geu. m. 6s, cp.. 1910 124
do
cons.m. 6s, rg., 1905.
1JSK 114
City Lawrence A So. 5s...
Ogdensburg A L.
85
103
114
114
do
con. m.,6s,rg., 1923
do
do
6s,i p.,19;3
Little Schuylkill, 1st in. 78/82
N. O. Pac., 1st in., 6s, 1920 ...
North. Penn. 1st ra.6s, cp.,’85. 107
do
2d m.7s,cp.,’96.
do gen. m. 7s. reg., 1908 123
do gen. m. 7s, cp., 1903.
do debentures,reg... 105
47#
104
Kan. City. St. Jo. A C. B. is. .
Little R’k A Ft. Smith, 7s,1st
Mexican Central, 7s
New York A New Eng. 6s...
uo
'*8
N ew M exico A So. Pac. 7 r ...
Ch. con. 6
.
Inc.
Old Colony, 7»
Old Colony, 6a
Pueblo A Ark. Valley,
Rutland 6s,1st mort
7s
102)4
Sonona7a
3TOC1CS.
x mi
163
x
Atchison A Topeka
Boston A Albanv
Boston Clin. A Fitch
Boston A Dowel:
Boston A Maine
Boston A Providence
'58
67
98
166
99
Pa^aumpslc
.
6%
35*4
Connotton Valley
Eastern (Mass.)
Eastern (New Hampshire)...
Fitchbnrg
Flint A Pere Marq
do
pref
x
FortGoott A Gulf, pref
do
70
24%
Concord
Connecticut River
Conn. A
83%
lt»3
144
Chesnire nreierred
Chic, a W. Michigan
Ciu. Sandusky A Giev
128#
6%
130
21
96
05
88
45
89
Iowa Falls A Sioux CPy
Lltue Rock A Fort Smith ...
Manchester & Lawrence....
58
Mar. Hough. A Out
Mar. Hoagh. A Out., pref.. ..
Nashua* no well
New York A New England... 108
Northern of N. Hampshire... 100
Norwich A Worcester;
Ogdensh. A L.Champlain
Old Colony
Portland Saco A
Pullman
60
Portsmouth 117#
24
124
Beach A Lynn
Tol. Cin. A St. Louis
Vermont A Massachusetts..
Worcester A Nashua
24%
-
5#
01
5%
....
....
*14
pref
J
PHILADELPHIA.
Gas Companies.
Par.
25
20
Brooklyn Gas.Light Co
Citizens’Gas Co (Bklyn)
flirlem
Jersey City & Hoboken
Minhattan
Is etronolitan
do
bonds...
100
500
100
Mitual, N. V
do
bonds
25
Va
100
10
scrip
.
New York
People's (Brooklyn)
sioooiooo Qnar.
1,000,000
1,000,000
700,000
4,000,000
1,000
or New York
Williamsburg
do
1,000,000
Var.
Var.
A.&O.
F. A A.
I. A .J.
I. A J.
M.A S.
F.& A
F.A A.
Var
M. AN.
VI. AN.
f. A J.
M. AN.
Var.
F .A A.
1,000,000
375,000
Var.
125,000
50
466,000
50 1,000,000 Quar,
1,000 1,000,000 A.A O.
100 1,000,000 M.&N.
100 3,000,000
Bonds
Bonds
Central
2,500,000
1,000
Nassau, Brooklyn
do
2,000,000
1,200,000
315,000
1,C00
50 1,850.000
20
750,000
50 4,000,000
bouds
do
Amount. Period
bonds
Metropolitan, Brooklyn
Municipal...
do
bonis
750.000 M. AN.
„
Fulton Municipal
100
l
Brooklyn City—Stock
Brooklyn Crosstown.—St'k
1st mortgage bonds
...
;..
Dry Dock E.B.A Batt’ry—Stock
..
Eighth Avenue—Stock
■
1st mortgage
42d St. & Grand St. Ferry—St’k
"
1st mortgage
Central Cross Town—Stock
1st mortgage
Houst.West St.& Pav.F’y—St’k
1st mort gage
Second Avenue—Stock
3d mortgage
..
mortgage.;
100
100
1,000
100
100
l ,000
100
1,000
100
500 Ac
100
1,000
100
1.000
100
1,000
100
100
Extension
Sixth Avenue—Stock
!!!.!!
1st mortgage
Third Avenue—Stock
1st mortgage
Twenty-third Street—Stock.
*
1,000
5(H)
Consol.convertible
1st
too
1,000
..
Bush wick Av. (B’klyn)—Stock.
Central Pk. N. & E. i.iv—Stock
Consolidated mort. bonds
Christopher A Tenth St.—Stock
Bonds
1st mortgage, consolidated
1,000
10
1st mortgage
Broadway (Brooklyn)—Stock
100
900,000
004,000
2,100,000
1,500,000
2,000,000
300,000
200,000
400,000
300,000
500,000
!05
no
96
170
215
167
109
94
103
50
95
118
46
107
90
85
02
104
65
ISO
110
90
7
8
1898
Q-F.
M.&N.
Q—1
•
Q-J.
Q-J
J. A J.
1,800,000 Q-J.
1,200,000 J.A I).
650,000 F.A A.
250,'100 1. A J.
1,200,000 Q F.
900,000 J. A D.
1,000,00(1 Q-J •
203,000 J. A J.
748,000 M.&N.
230,000 A. AO.
600,000
200,00 > M .AN.
4
3
105
1# Apr,, ’82 92
100
3# 1882
3
Sept., ’81 45
3# May, ’82 90
5
May, ’82 1! 5
3# Jan., ’76 40
1897
7
105
1900 Ac 80
6
8
Jan., ’82 75
1# Feb.. ’82 55
6
1900
101
2# Jan., ’82
3
May. ’82
lSSS
6
55
175
105
85
June ’84 103
.
A.A U.
200,000 M.A 8.
750,000 M.&N.
500,000 J. A J.
100 2,000,000 Q— F.
,000,000 J.A .T.
1,000
100
600,00) F. & A.
1,000
250.009 M.A N.
20#
1112
142#
If 4
220
110
20)
170
105
145
142
119
102
102
’w2 19)
Apr.. ’82 150
1888
! 192
2# Apr., ’82 135
2
Apr. ’82 138
1) v.1902 116
7
2 It Feb., ’83.' 96
7
1*08
‘100
Aor.,
7
6
110
245
May, ’82 210
119
June, ’93! I !5
A
3
pr.,
’82 200
Jan.. ’H ■ 100
May, ’82 <00
’93
110
Nov.1901
03
60
Apr.,
67
Camden A
Atlantic
do
ao
5
14#
pref.
do
1
pref
•
.
v
tuiy, ’9.H09
Feb , "t2 14)
4.1V. V: no
lersev
Schuyikili Navlj a Ion
lV5
i 151
‘
1I
O'
stocks, but the date of maturuo 01 bona*.
•
•
CANAL STOCKS.
...
....
.
Pennsylvania
63, coup., ’39
mort. 6s. a.)
Jo
Cam. & Atl. 1st m. 7s. e„
In default.
*
*
U#
58#
20
69
’58
•
•
...
“54%
03
51
*63
54%
11#
UO
27*
•
•
U9S
122
i‘17
124#
104
117#
102
85
123#
.22
112
90#
• •
....
■537#
187%
....
35%
35%
'i*3*
120
118
50
100
scrip, 1982
97#
05
25
2d m. 63, .938..
Texas A Pac. 1st m.J58,g.,1905
RIO Gr. Div.,1930.
do
do
cons. m.,6e,gMl905
do
lnc.A 1. gr., <s 1915
Union A Tltusv. 1st m. 7a. ’90.
United N.J. cons. m. 6s, ’94..
Warren A F. 1st m.7s, ’96
West Chester cons. 7s, ’91
West Jersey 6s, deb,,coup.,’80
do
1st m. 6s, cp., ’96.
do
1st m. 7b,’99
do
cons.6s, 1909 ....
W. Jersey A Atl. 1st m 8s, cp.
Western Penn. RK. 6s,cp.’93.
6s P. B.,’96.... ..
do
do
gen.rn.7s.cp., 1801
CANAL BONDS.
Ches. A Del.. 1st m., 6s, 1885
74
94%
105
95
98#
94%
no
110
108
108# 109
89
105
Lehigh Navlga. m.,6s, reg.,’84 104
do mort. RR., rg .’97... 115#
rid
do con8.in.7s, rg.,191!..
do Gr’nw’d Tr. 7s, rg..*92
Morris, boat loan, reg., 1885..
91
95
107
92
MISCELLANEOUS BONDS.
100
Penn. Co , 6s. reg
do
do 4#s, reg., 1920 99
99
do
do
co p., 19.0
„
00
1892-4
BALTIMORE.
do mort., 7s,
Baltimore 6s, 1681, quarterly. 104#
do
109#
6s,’.8S6, J.« J
do
6s, 1890, quarterly... 118# 119
do
6b, park, 1890, Q.—M.
do
6s, 1893, M. A S
do
6s,exempt,’JS.M.&SJ
130
do
6s, 1900, Q-J
do
6s, 1902, J • A J..... • 133
125
J25#
do
5s, 1916, new
130
Norfolk water, 8s — *
RAILROAD STOCKS.
Balt. & Ohio
do
1st nref..
2d pref
do
Par.
100
do
Wash. Branch.100
do
Parkersh’g Br. .50
Northern Central..
>)
Western Maryland
30
Central Ohio, common. ...30
Plttsbu g A Connelisville...
RAILROAD BONDS.
Balt. A Oh1<"#6s. 1935,A.AO.
.
Cin. & Baltimore, 7s, 100J ....
N. W. Va. ad m.,guar.,’95,JAJ
193
126
10#
11
44
44#
76#
17
1C6# 10?
Plttsb.A Connellsv.7s,’93,J .Al 123
Northern Central 6s. ’85, J&J 108
do
do
6s, 1900, A.AC),
6s, gld, 1900, J.A J.
194#
123
i‘35*
109
•
•
«
its
10)
113
Cen. Ohio 63,1st m.,’9l).M.A S.
\V. Md. 6s,1st m.,gr.,’90,J.AJ.
do
latr m., i890, J. A J —
120
do
2dm.,guar., J. A J.... ii*5*
10
do
2d m.,pref
do 2d m.,gr. by W.Co.Ja i
do 63, 3d m,, guar., J.A J.
125#
Mar. A Gin. 7s. ’91. F. & A
&J
do
2d, M. A N ...
53# 53%
do
Ss,3d, J. AJ
Union RR. !“t, guar., J. A J. 117
Cm ion endorsed.
do
42
!
Consolidated Gas.......
105
110 4
d)
bonds
...
....
....
...
105#
105>a
*125%
•
....
j i 12#
t Per share.
97
51% Phll.AR.CoalAlr’n deo.7s.92*
do
deb. 7s. cps.off
120
*'*
pref...
RAILROAD BONDS.
Allegheny Vai..73- 10s. 1896...
7s. E. ext.. 1910
do
do Inc. 7s, end..c.’91.
Belvldere Dela. 1st m.,6s,1902.
<■*0
2dm. 6s.’35..
do
3dm. 6s,’37..
Camden <zAm c ■
01 •),’->h
*
22
54
41
58
70
•
120
conv.
Pennsylvania 6s,coup., ’.910..
Nav.lst rn.6s.rg.,’97.
14% Schuyik.
2d m. 6s. reg.. 1907
do
'
do
do
....
27#
& Atlantic
If 6
iio
•
do
do
pref.
United N. J. Companies
West Chester consol, pref....
Lehigh Navigation.
200
1.5
Mar., *02 250
July. ’Vo1110
May,: >2 20 )
Pennsylvania
Pennsylvania
Philadelphia A Erie.... ....
piiila. Ge ra. & Nor-tstowu..
Pnna. hw own & N. Y
Pniladelphia A Readng
Philadelphia A Trenton
Ph’la. Wilining. A Baltimore.
Pit tb. Cin. & st. Louis, com.
st. Paul & DuluthR.it.com
Wp^
.
1
Nenquehonlng Valley
Norfo.k A Western, com
do
pref....
do
North
•
....
Huntingdon A Broad Top...
do
do pref.
Lehigh Valley.....
115
;l 145
•
42#
19#
do
pref
do
new pref
Delaware A Bound Brook....
East Pennsylvania
Elmira A Williamsport
do
do
pref..
Har. P. Mt. Joy A Lancaster.
iio
151
*
HI
Catawlssa
We^t Jersey
iio
July, ’94 105
-lau., '82! 115
Apr. ,’85 Ip 3
Nov., V8 108
Sept.,’8
RAILROAD STOCKS.t
Allegheny Valley..
Buffalo Pitts. A Western —
Jilnehlll
3# May, ’82 2J5
4
7
3#teg., 1912
Phil*., 6s, taxed, reg., 1882 ’94 111
do
6*, untaxe 1 reg., *b6-’a5 101%
do
4s, reg., V2 ’jo
do
4p, reg.. ’8.’- 0.... ....
110
no
co
.
I
7
3
2
7
STATE AND CITY BONDS.
118
Penna. 5s, new, reg., 1892-191/2
do
48, reg., 1894-1904
4s. reg.. ’.912
do
104
do
pref
Little Schuylkill
Broadway.]'*
*>r»o 000
500,000 J A J.
1,109,500 J. A J.
67#
Feb., 78 95
Jan., ’S2 106
June, *82 •ao
165
May,
7
5
J.&D.
150,000
!,050,<K)0 \f.AN.
on
101
7
00 AC
100
1.000
May, *82 TOO
2# Jan., ’82 65
5
Q-J.
J. A J.
J. A J.
Ask.
....
*
!
%Jan., 82 24
7 |J’ly,190<M05
2
Apr., v2 138
1,000
1.000
Tbis column shows last dividend
Bid.
*
501,0001
[Ouotatious by H. L. Ukant, Broker, 145
Bleecker St. & Fult. Ferry—St’ k
1st mortgage
Broadway & Seventh av- St’k
1st mortgage
•.
Date.
1
120
7s, R. C., 1S93*
do
7s, coup, off,’93
iPhil.Wilm.ABalt. .4s,Tr.certs 945
1 Pitts.Cln.Abt. L. 7s, reg., 1800 118)
1
do
do
7s, cp.. 19f
Plttsb. Tltusv. A B., 7s, cp.,’96
R’ch.A Danv.cona.lnt.63,19’5
Shamokin V.A Pottsv.7s, 1901
do
Ryra.Gen.A CornV,lBt,7s,l*05
■37
Pevere
do lmp.m.,6),g„ 0.18iT
do gen. m. 6i, g., C.HO-i
do In. m.,7s,coup.,’896.
do d-b. coup., P93*—
co
do
ciup. off, 1893
do
133#
Rutland, preferred.
....
iai
Sunhury A Erie 1st in. 7s, ’97..
Sunb. Haz. A W.,lst m.,5s,’2S.
...
Palace Car
do
cons.m. 6s, cp., 1905.
do
do
5*,reg.,19lJ
Fa.AN.Y.C.A UR.7s.iS96 ....
do
1906
Perklomen 1st m. 6a,coup.,’8i
Phlla. A Erie 2d vn. 7s, cp.,’98
cons. mort. 6s. 920
do
po
5s,! 920
do
Phlla. Newt’nA N.Y., 1st, ’9,'
Phll.A R. lstm.6s.ex.due 1910
do
2d m.f 7s, t p..93.
do
cons. m..7s,rg., 1911
do
do
cp.,1911
do cons.m.6cg.UiC19il
do
96#
121#
.
common
Ask
Jam. A Atl. 2d m. 83,1904....
102#
cio
tons., 6 p. c
Cam. A Burlington Co. 6s,*97.
Catawlssa 1st,7a, conv., cp.’82
do
chat, m., 10s, ’ss
do
new 7s, 1960,r.A op 120
Chartlers Val., 1st m. 7s.C.,t«o:
Connecting 6s, ep. 1900-1904. 115
Delaware m.. 6s,reg.Aco.,var
Del. A Bound Br., ist,7s, 1906
125
EastPenn. 1st mort. 7s. ’88
Easton A Amboy, 5s, 1920 ....
El.A W’msport, ist m., 6i, 1910 115
do
5s,perp...
100
.
26
Boston A Maine 7s
boston is Albany 76
do
68
doRton & Lowell 7s
d >
6s
Hoston A Providence 7s
Burl. A Mo., land grant 7s—
do
Ex 112
Nebr. 6s
do
Nebr. 6s
do
Nebr.4s
uo
H. Prentiss, Broker, 11 Wall Street.
98#
93#
income..
.0
Wisconsin Central
City Railroad Stocks and Bonds.
arge
BOSTON.
Tcpeka 1st m.7s
land grant7s
Atlantic & Paclfl •, 6s
Bid.
SECURITIES.
No. 7 Pine Street.]
COMPANIHH.
Anicrii/4*
Bid
SECURITIES.
[Quotations by E. S. Bailey, Broker,
Bank Stock List.
Harked thus (*) are
not National.
659
:1'H K CHRONICLE.
10, 1&$.
JtfNK
....
4*1#
•
•
»
THE CHRONICLE.
660
•
Railroad Earnings.—'The latest railroad earnings and the
totals from January 1 to latest date are given below. The
statement includes the gross earnings of all railroads from
which returns can be obtained. The oolumns under the head¬
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the
week endiner at the commencement of business on June 3:
Average amount of
ing “Jan. 1 to latest date” furnish the gross earnings from Jan.
1 to, and including, the period mentioned in the second column:
Latest
j Jan. 1 to Latest Date.
Earnings Reported.
Roads.
Week
Ala.Gt.Southern April
Atch.Top.& S. Fe April
Bost.AN.Y.A.-L. April
Buff. Pittsb.&W. Apdl
Bur.Ced. R. & N o.
Cairo & St. Louis
Cent.Br.Un.Pac.
Central Pacific
$
57,005
...
.
l, 100,000
May
Chesap. & Oliio. April
Chicago & Alton 4th wk M’y
Chic. Bur. & Q..
Chic. & East. III.
Chic.&Gr.Trunk
Chic. Mil. & St. P.
Chic. & Nortliw.
Cli.St.P.Mln.&O.
Chic. & W. Mich.
Cin.Ind.St.L.&C.
March
4th wk M’y
....
Wk.M’y 27
4th wk M’y
4th wk M’y
4th wk M’y
April...
April
...
Cincinnati South 26dysMay
Clev. Akron& Col 4th wk M’y
Col. Hock.V.&T. May
...
Denv. <& Rio Gr.
Dcs M. & Ft. D..
Det. Lau. & No..
Dub. & Sioux C.
Eastern
E.Tenn.Va.&Gu.
24,945
59.333
75,179
4th wk M’y
4th wk M’y
4th wk M’y
Lst wk J’ne
3d wk May
4th wk M’y
4th wk M’y
April
May
Europ.dc No. Am. March
Evansv. & T. H. May
Flint & P. Marq. 3d wk May
Gal. liar. &San A 2d wk May
Grand Trunk.... Wk.May27
....
Great Western.. Wk.J’ne 2
Gr.BayW.&St.P. 4 th wk M’y
Hannibal & St. Jo 4th wk M’y
Hous.E.&W.Tex April
Illinois Cen.(Ill.) May
Do
(Iowa) May
Ind.Bloom.& W.
Int. & Gfc. North.
Iowa Central.
K.CfFt. S. & Gulf
K. C. Law. & So
L. Edo «fe West’ll
L.R. AFt.Smitl)
4th wk
4th wk
M’y
M’y
7,192
19,916
2,353,000
267,451
177,892
1,566,217
39,652
35,509
561,000
804,658
144,751
126,814
204,269
161,596
15,582
239,817
135,842
5,933
52,036
23,865
258,835
231,146
47,132
63,371
39,488
28,506
50,515
241,087
80,205
193,091
57,121
9,o 70
31.700
2,091,411
227,313
171,784
1,418,149
29,324
1,080,142!
791,120
143,9971
173,747
362,877
8,730,543
802,753
2,610,098
3,760,918
326,782
9,952,144
870,698
2,807,625
4,682,351
681,895
541,242
729,106
116,708
111,247
183,710
149,942
12.504
114,527
124,532
0,189
39,776
26,252
7,520,000
8,481,799
1,857,862
474,950
817,813
920,996
192,290
P0.397
12,129
51,657
12,703
527,206
145,993
55,816
May
81,417
22.333
13,553
32,623
30,200
32.700
832,602
448,260
694,473
437,893
4,295,348
4.232.664
2,035,641
149,229
2,436.095
613,226
946,802
971.759
300,538
613,346
531,646
520,611
497.593
034,507
4,249,630
556,474
61,546
191,736
270,243
1,888,617
715,051
Mar.lIougli.&O. April
33,000
63,938
22,790
Norfolk
West. April
Northern Cent.. April
Northern Pacific tth wk M’y
Ohio Central— lst wk May
Ohio Southern.. 4th wk M’y
40,489
445.5 42
4,890,111
615,570
..
139,313
817,393
966,302
1.105.664
42,183
N.Y.&N.Engl’d March
N. Y. Pa. & Ohio April
2,223,820
746,165
75,922
2,682.520
702,489
828,725
153,353
137.145
154,15
378,903
874,340
103,831
47,379
....
499,231
118,805
9 !(i.4fi5
May
April
831,371
2,096,059
114,717
141,840
636,588
464,456
945,568
41.505
55,748
36,756
11,380
158,345
179,152
167,833
208,075
3d wk May
3d wk May
May
5,388,990
6,736,284
1,279,365
373,722
728,684
777,304
1,049,299
2,750,013
244,998
85,660
2d wk >5 ay
4th wk M’y
4tli wk M’y
015,578
105,134
17,104
337.975
44,556
20,038
490,159
133,159; 2,191,423
212,316 2,679,891
75 >,155
145,803
183,526
632,115
256,673
2L2.018
686.088
2,425,226
981.382
760,245
575.382
450,555
478,250.
1,739,880
174,438
487,273,
100.874
1,812,340
171,793
66 i,793
688,638
1,686,242
1,70 •',992
1,899,132
309,531
8 77,210
435.129
183,82 '
19,055
8,52 8
381,3"0
9.895
Capital.
Banks.
Loans and
discounts.
».
..
Union
America
Phoenix
City
TradOHmon’a
Fulton
Chemical
Merch’nta’ Exch.
Gallatin Natlon’l
Butchera’&Drov.
Mechanics’ & Tr.
Greenwich.—
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch
Commerce
...
Mercantile
Republic
7.8tU.<‘0u
4.520.500
6,260.600
083,000
4.581 500;
2.736,000
292.300
1.547.800
14,050.000
501.400
3,441.000
North America..
Hanover
3.322.COO
907,500
3.?6‘0,7OO
12,297.*'00
15.627.800
5.459. "00
1,000,000
1.337,000
2,254,601-
500,000
500,000
500,000
1,000,000
1,000,000
300,000
Marine
400,000
Importers’ A Tr.. 1,500,000
Park
2,000,000
Wall St. Nation’l
*500,000
240,000
North River.
Hast River......
250,000
Fourth National. 3,200,000
Central Nat
2,000,000
Second Nation’l
300,000
Ninth National..
750,000
First National..
500,000
Third National.. 1,000,000
N. Y. Nat. Exch..
300,000
250,000
Bowery National
N. York County..
200,000
Gerrn’n Amorio’n
750,000
800,000
Chase National..
8.337.000
19.491.800
...
17,082,000
1,334.000
*
5,727.600
14,061,600
5.329.800
1.407.100
1, Hi 5,900
1.723,700
2.538.400
4,572.60c*
2.07: ,000
1G0.00C
200,000
200,000
500,000
300,000
..
61.162,700
Total..
17,469,000
7,192,000
3.256,000
HI.000
884.000
60,300
138,205
DOO.otX'
3! 3,500
189.000
172.100
\ 27.000
3.530,000
14.926.800
176.300
1,011,000
834.500
477,800
109.600
108.000
1,001,700
1,065.200
316. lOO
846.200
614,000
1,881.000
8 J 4,000
248.000
441.400
127.100
80.500
273.000
20l,0oo
205.300
831.600
107.000
282,000
203.600
488.200
301.100
500,000
813.100
1.106.200
.91,100
967.000
5,760.700
1,032.300
2,086,500
,56,000
220.700
100.400
226.600
24.8i*C
129.900
2.095,700
9.772,000
278.500
1.6X4.000
708.200
174,000
584.000
256.400
2, ltd, 500
745,400
951,v*00
409.500
455.800
341.500
91.100
185,00)
1.252.000
.
Germania
U. 8. Nat
Lincoln Nat
,
5.546.40C
8,812,100
3.288.400
13,452.000
1.995.800
2,606.100
3.016.40G
3.826.500
8,289,000
4.870.500
6.649.200
2,047,900
Fifth Avenue....
German Exch.
CiTCMlcLm
526,000
227,000
1,155.000
932,000
295.200
021.300
294.700
83.600
803,000
6,000,900
2.170.800
700,000!
St. Nicholas
Shoe & Leather..
Corn Exchange..
Continental
Oriental.......
681.000
275.400
155.000
18.100
806.300
181.700
620 300
l,003,70u
3,000.000
600,000
1,000,000
^Nassau
Market
571.000
1.685.400
1.041.000
500,000
Irving
Metropolitan
Citizens’....
3.759.400
3,<* >5,900
4.213,.XK)
3,380,300
People’s...,
933.200
1,;180,700
8.611.200
450,000
200,000
Chatham
Net dept’a
other
ttonT
than U. S.
r
7.597.000
7.337.900
422,700
1,500,000
Pacific
Tenders.
2.324,000
t'54,00')
976.H0C
838.000
9,092,000
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
300,000
200,000
200,000
600,000
300,000
800,000
5,000,000
5,000,000
1,000,000
1,000,000
Broadway
Legal
Specie:
I
New York
Manhattan Co
Merchant**
Mechanics’
.
Louisv.dc Nasliv. May
Maine Central. Apdl
Mil. L.Sh.de West
Miuu.de St. Louis
Mo. Kail. & Tex.
Missouri Pacific.
Mobile & Ohio..
Kashv.Ch.de St. L
3,151,000
31,127
202,831
165,578
242,313
4,347,000
92,710
47,381
74,067
30,491
10,459
37,766
...
$
58,259
948,000
22,884
85.690
4 th wk
1881.
$
253,197
$
19,112
200,261
51,654
24,131
534,983
139,766
49,906
M’y
May
Long Island.... 4tli wkM’y
-
1882.
1881.
1882.
M<>
or
[Vol* XXXIV.
1,270,200
1,115.000
2,953,200
989,000
340.0oo
685.000
797.100
800,000
3.l'0l.900
6.439.700
7.868.200
1.563.800
1.349.500
739,500
3.322.800
61.700
775.000
2 481 500
1.027.400
\ ,068.000
210,800
143.0M
474.’40a
2.580.400
005,100
27,500
46,000
3.348,000
9,854.000
9.617,000
4,013,200
&H8
6.328.500
2.611.700
3.326.600
3.813.00G
138
1.530.300
2.153,000
751.$6d
6.538.900
2.991.800
424.400
9,583,000 8.250,000
2.956.600
967.400
2,503.000
2.445.10C
1.811.700
3,080.000
450,000
3.180JOO
6.730.600
667.700
1,857,100
3.998.000
21,646.706 1,109400
1W.877.70C
45,000
ill
.
1.143.400
1.253.300
911,000
10,780.400
h. 144.000
3.020.000
224,400
700,700
887,000
5.748.900
15.O0j.4oo
5.208.300
1.143.400
1.636.500
1.082,100
77.8*0
2.172.000
226.000
180,000
806,7J0
5 076.400
112.00)
105 300
2 )1.200
117.400
2,195.9 0
01,800
1,807.0 j0
1.663,160
4.064.400
67,700
835,700
758.0OO
2.663.300
40 <,0<>0
895.100
823.3,K)
127.000
1.518.100
1.490.500
150.800
177.000
1S9K306.20C
080. IK)
438 000
50, KX)
85.900
4,081,100
87d,7<<0
755.000
126.800
250.000
605,1<X>
'
5.9 2.000
0.870,500
6.741.000
437400
teftOb
318,873.3OOl53.602.0OO 21.922.60 i 200.637,GOO'iamiOO
To be increased to 11,000.030.
To/) deviations from returns of previous week are as follows:
discounts
Inc.
?5S6,100 | Net deposits
I no.-c 9342.000
apeole
07.500
Uec. 1,330.300 ( Circulation
In;.
Loans and
Ino.
LearHl tenders
The
following
18 'I?
May
••
are
l,t5l.3-.)0 i
the totals for
Loans.
Specie.
2
*
*
L. rentiers.
$
series of weeks past:
Deposits.
13.,.,315.78H,800 61,701,70*1 21,511.507 300,401,000
20.,..816,460,000 5 *<,720.900 22.199,600 209.040.100
27... 817,7-6,900
53.010.200
298.314.700
23,768.100
Circulation. Am. Clear,
13,707,20) 807,811.99
18.720.20>)
18.557.200
703.3)5.11
6i8.08l.37i
176,923 Juno 3....318,3>'3,300 5J,0i)2.0OO 21,93 .’,0)0 298,657,000 13,6J3,20J 513.3J7.114
144,213
8,280
Boston Bauks.- The following are the totals of file Boston
403,780 1,8 41,600 1,391,293
Oregon it.AN.Co May
April
3,855,850 3,700, 72. 14.418.21 i 13,88a, 105 banks for a series of weeks past:
Pennsylvania
Peoria Dec. A Kv. fid wk May
12,19 »
9,944! 2 *3,100
210,904
Loans.
Specie.
L. Tenders. Deposits.* Giro Tation. A<jq. Clear
*
*
293,3231 1,042,135 1,028,700
1831.
277,8. <1
Philadclp.de Eric April
9 ),119,733
83.953,’03
3,4-) 2,400
71.293,580
0,9)1,21)
Phila.A Reading April
1,709,712 1,484,861! 6,113,297 5,740,991 May 15.. 111,3)9,03)
9J.3O2.0JO
3.7L4.7.K)
147,03 S.9')0
7,11 *,100
30.37-1, l'»J
73,5j4,*14
Do
Coal A Ir. April
9-9,09 1
897,642: 3,79 1,600 :>. 160,053
0
7.011.0)1
5.
fi*.S73.
W)
>M.S00
6 > 471.611
I47.04l.8i)-)
)0
4,00'.3
2.)..
33 2,70 J
rtichni.A Dauv.. .March
831.863
903,351
313,899,
05,414,033
7,74 S, 103
3,933,503
3), 523,203
02,837,220
Junn
143,031,630
10
Roehc#t’r& Pitt- l th wk M’y
4,824
87,427
0,3*3
j,075
Including
the
item
“
da
3'to
other
bunits.”
St.Jolmsb.tfcL.C. April
17,836
13,233
48,799
64,945
4 4,890
St. L. Alt. A T.II. 1th wk M’y
59 1,249
21,7 57
489,365
FiiiSadelphia ITiaks. --The totals of the Philaiel oaia banks
Do
328,27 !
20,230
16,"86
318,249
(iH’CllH.) ith wk M’y
are as follows:
St.L.Iron .Ml. AS. 4th wk M’y
154,541
2,701,603 2,801,127
105, ! 4 0
Circa! itirx. Am. Clear
L. Tenders.
Lo-i ns.
Deposits.
St.L.ASan Frail. 4th wkM’y
95,072 1,272,023 1,201,117
88,7.14'
*
*
*
1882.
;
St. Paul A Dal.. March
133.329
50.333.145
49,904
75.315.971
9.S31.*)>45
1S.4M.37S
07,511.991
123,493 M:y 15...
03.538;
13 111,3 53
75 447.149
9.850.fill
07,557.087
St. P. Minn.A M. •4 til wk M y
319,589. 123,095 2,774,616 1,5 12,959
0 7,5 > 7.321
4J.775.4S0
20
IS. 299.04!;
75.20 7.39 5
0.753.85>
Scioto Valley... 4th wkM’y
19 3,279
15,738!
9,030
125,809
1
i.5)l.lS)
'). ioi>. 153
67, >(51.534
51.9.0,528
75,03 CD)
4 43.499
South Carolina. i April
8- ,,n‘)2
78,3801
455.802 Juno 5
Texas A Pacific. 4th wk >1’.y
132,2 14!
90,189 1,0,8,11
1,4 17,141
Unlisted Soouritioj.—The following are quoted at 33 New
25.28
1 1,757
Tol. Del. A Burl. 4th wk M’y
36 Vi 99
230,033
Street:
Union Pacific... May
2,191,590 2,319,238 10,3*1 >,<)0- > 8,371,000
Did. Asked
Did. Asked.
Utah Central
130,4841
4*0,9 1 1
April
Am. Tel. Sc O bio
72
7S34 S. Y. Sc Scranton Cons. (10
30,713!
100,743
35,080
Vicksb’rgd: Mer. April
33 *4 ,N. J. & N. Y. prcf
Wab.St.L.A Pac. 4th wk M’y
315,1721 3 4 1,23.“* G,261,566 4,918,274 Am. Cubit* Constr. C i. ‘31Ja
82
North River Const. Co. 7J
120
Am.
Imp. Co. *
West Jersey
•March
50,8 89
70,103!
176,465
151,983 Atl.&Railway
1%
N. J. Southern
P.
p.e-.pd
Wisconsin Cent. fid wk May'
31.00)!
27,200
85*11
Boat. II. &L E. nowat'k
Oregon I-np. Co. lst ex. 84
..
.
*
.....
.
“
.
=
...
...
..
..
....
U. S. Sub-Treasury.—The following table shows the receipts
and
payments fct the Sub-Treasury it this city, as well
same. Ivr «-t/ h day of i h** past week:
as
the
balances in th-
Payments.
Receipts.
Coin.
Currency.
prof, fctok 80
-Continental Coustr.Co. 54
Central Railway Constr't ;fc’n Co. i D. L. W.) 101
Der. St R. G..W. sub.ex. 81
Do stock
15
Do bonds
70
Den.& R.G.unl’d cons. 100
Denv. <Sc N. Orleans
Edison Electric L. Co.550
Hud. Riv. Contract Co. 94
Internal. I inn. Co
x4d
65
103
94
'
Juno
3.
“
5.
“
6.
“
7.
«
8.
“
9.
Total....
*
$
$
850,511 08
8*)
1,354,685 54
1,572,803 29
1,138,834 94
2,077,810 52
2,856,728 06
2,320,116 51
8,897,117 91
11,320,978 86
1,229.358
1,598,191
*2,012,240
1,187,691
*2,019,121
C3
9b
01
38
Includes $1,000,009
$
90,930,578 90
90,645,358 55
91,099,183 09
90,946.790 72
80.353,751 79
188,994,260 14
$
4,617,632
4,559,401
4.504,937
4,651,759
4,570,761
46
95
43
29
54
4,634,258 43
gold coin received from Philadelphia Mint.
Coins.—The following are quotations in gold for various coins:
Sovereigns
$4 89
Napoleons
3 85
X X. Reichmarks. 4 74
X Guilders
3 96
Span’ll Doubloons. 15 55
Mex. Doubloons. 15
-Jftme silver bars
1
Fine gold bat s
Dnu?«» <fe
dimes. —
.
..
45
@$4 91
Silver ^s aud *33.
@ 3
@ 4
@ 4
® 15
89
79
00
Five francs
Mexican dollars..
Do uncommere’l.
75
English silver
@15 60
\4.7sft‘ 1 Ion)
par
bO&sG)
prem.
par
Pms. silv. thalers.
U. S.trade dollars
U. 3. silver dollars
—
99s!*@
par.
@ ~ 95
—
93
90
—
87—
—
4 77
@
—
90%
89^
@4 84
—
68
—
9944 @
99% @
@
—
70
—
99^
par
stock
58
Orvg. Sh.L.snbs.oO p.c.110
Do subs.
$L0,0*)0
Ohic.& Cal. D.A: C.stck 30
Do
balances.
Do
Do
old
B iff.N.Y.&Pliiia. oubs.*
75
loo7a
,
lud.B. &W.,Eaa. D.lst 87^6
Do
inoomo bonds 52
Ind. Dec. & Sp. com
*
Mid.RR. of N. J. stock. 12
Do
A bonds.... IO
Do
B bonds....
5^
Mex. Nat. bonds
54
Do
stock
Mo.Kan.<feTex. g.mort.
Mutual Un’n Tel. bds. 7514
Do
stock.. 2419
N. Y. W. Shore & Buff.
sub., 30 per oent—
N. Y. Ch. & St. L. pref.
Do lst, ex J’e,’82,op
675
95
50
100
60
26"
5%
54>'Vi
78*'
76
25^
bl’ks ex-bda
Do stook
23
Do bonds
100 \
Ohio Oent. Riv.D. Ista. 54
Do
River incomes. 13
Pensacola & Atlantic.
Do
stook
Pitts. & Western
Pullmau’d P.Carrghts.
Ric.«&Al.&O.Ccn. subs.
80 per cent paid .... CO
5
Do ex bds. &stck
Rioh. & Dan. ext.subs.
Do
deb. subs. 123
Selma Rome &D.stoc k ..
Do
2d M. st’mp. ..
Do
incomes
St. Jo. & Pacific lst M.
St. Jo. <fe West, stock.. 10
..
Tex.St. L.RR.sb.,60 pd.
Tol. Cin. & St. L. lsts. 6 d'
Do income bonds 14
Do
10
stook
U. S. Electric Light Co. 9o
V’ickab. Mer'n com.st’k
*
Preminn
6*9
60 q
111
103
60
20
%
130'
0
•
*•
2*9
U
•
•••
65
UH
Ilk
June 10,
THE CHRONICLE
1883.]
The report Bays, that “ the increase in traffic during the
year
1881 is especially gratifying because it is not the result of
increased mileage, but arises entirely from the development of
Jmuestmeuts
AND
STATE, CITY AND CORPORATION FINANCES.
The
Investors’ Supplement contains a complete exhibit of the
Cities and of the Stocks and Bonds
Funded Debt of States and
of 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 without extra
charge to all regular subscribers of the Chronicle. Single copies
are sold at $2 per copy.
business upon our own line and the connecting roads which are
operated as part of the Wisconsin Central system. During 1881
the Paokwaukee & Montello railroad
was built from the end of
Packwaukee spur to Montello. It is about seven miles
long**
and secures for us the traffic of Montello and its granite
quar¬
our
ries, which
SINCE
APRIL
SUPPLEMENT.
of the Investors’ Supplement in
the
black-faced figures,
A
Ala. N. 0 &
Texas Pao. June.. 573
Aiegbony Oentral
American Cable
Amer. Dist. Tel
Arkan. State RR. Bonds..488,
Atoh. Top. & Santa Fe
474,
Atlantic Sc Pacific..
488,
625
a
destined to become
important industry. It
territory which is tributary to our line, and will
valuable feeder to
our
an
business.
The Wisconsin & Minne¬
sota and the
issue
April,
annual reports and other items of Investment News have been
published in the Chronicle at the pages indexed below; all
matters published prior to the April Supplement will be
found indexed in that Supplement.
Annual reports are in
Since
are
also widens the
be
INDEX
661
Leavenworth Top. Sc Southw.. 625
Lehigh Goal & Navigation Co.. 60 J
Lehigh Si Hudson River
549
Lehigh Valley
489, 549
Lehigh& Wilkosbarre Coal.... 489
Little Rook & Ft. Smith
573
Long Island RR
£49
Louisiana’s Debt
574
Louisv. Evansv. & St. Louis...
Chippewa Falls & Western railroads, which are
operated in connection with the Wisconsin Central, have
stimulated traffic considerably north of Stevens Point.
They
furnish a much needed link to connect our pineries with the
railroads running to the great markets iu St. Paul,
Minneapolis,
and other Mississippi and Missouri river points, west and south¬
now
west.”
*
*
“ The maintenance of the Wisoonsin
*
Central road-bed and
rolling stock in first-clas3 condition is
absolutely necessary. Whatever the cost, and whatever delay
in beginning to pay interest on our second series bonds, results
573
573
from spending our earnings on the road,—such repairs, re¬
522
Augusta & Knoxville
newals
and improvements are indispensable.”
575
Austin & Northwestern
519, 604
B.
Jfl.
For the purpose of supplying rolling stock which was abso¬
Blue Ridge, 8. C., State Scrip. 574 Manchester Sc Lawrence
603
488 Massachusetts Gent... ...574, 637 lutely necessary, the Wisconsin Central stockholders were in
Boston & Albany
Boston Conoord Sc Montreal ..636 Memphis City Debt
604
December, 1879, invited to join in organizing a oar company
520 Mexican National
Boston Sc Lowell
604
Host. Hoesae Tunnel Sc W
488 Metropolitan Elevated
519
which should from time to time buy what new rolling stock and
Boston Water Power
488 Michigan Oentral...518, 617, 637
Bugalo Pitts. & West
575, 603 Minneap. & St. Louls.521, 548, 549 motive power the trustees needed, when and as required, and
..
BurL Cedar Rap. & No
Burl. & Northwestern
C.
548
573
573
57’2’ Mo. Kan. & Texas
488 Missouri Paoiflo
Oalifornbi Southern
575
Oanton'Co. (Baltimore)........ 520
Oentral of Georgia
548
Oentral Iowa
488,5 47 548
Cent, of New Jersey.4 8 7, 488,
521, 574, 603
Central Ohio
488
Chesapeake & Ohio.547, 548, 636
Chicaao & Atlantic
603
Ohic. Burl. &
Quinoy.575, 625, 636
Ohio. Sc Eastern Ill...548,
Ohio. Mil. Sc 8t. Paul
519, 521, 522, 560,
Ohio. & Northwest.. .479,
567,
Ohio. Portage & Superior
574, 636
179,
587, 625
488.
603, 636
518
Ohio. &R. I...
t
574
Chic. 8t. Paul Miuu. & 0.486,
548, 519
574
Ohic. at West Mioh
522, 547
Chippewa Valley & Superior.. 575
Oin. Ool. & Hooking Val
575
Chicago Water Bonds
Cincinnati Sc Eastern
Cm. Ham. & Dai ten
522
475,
488. 521, 549,
in. Tnd. St. Louis Sc Cliio
In. N. O. Sc Texas Pao—479,
Cin. Wabash & Michigan
Clev. Col. Cin. & Hid
521
Olev. Delphos Sc St. Louis
625
Clev. Mr. Ver. & Del
Col. Chic. & Iud. Cent
Conoord
Connotton Valiev
Oolorado Coal & Iron Co
...
603
188, 574
60i, 636
520, 603
Denver Longmont & Northw.. 521
Denver Sc NcvV Orleans...519, 60 i
Denver & Rio Grande
635
Dca Moines &-Fort Dodge
519
K.
East. Tenn. Va. Sc Ga
525
m
Fitchburg RR
4 PS
Flint <fe Pare Maiq
Florida Tropical
...520
522
Fort Madison Sc Northwest
601
Ft. Worth & Denver City. .522, 601
...
Galv. liar. Sc San Antonio
522
Georgia Pacific
575
Grand Rapids & Indiana
602
Grand Trunk (Canada)
60 i
Gt. Western of Canada...602, 604
Gulf Ool. Sc Santa Fe
479, 488
Hannibal & St. Jo.’
Houston E. & W. Texas
Illinois Central...’.!
489. 637
Ind. Bloom. Sc West..521, 549, 522
Indlanap. Sc at. Louis
574, 604
549
574
489
604
479
521
O.
Ohio & Miss
575
60
Oregon Railway Sc Nav. Co
Oregon & Trans-Continental.. 637
Oriental Construction Cu
605
i\
Paciflo Mail S3 Co..
625,635
Pacific R’y Improvem’t Co
549
Pensacola & All.intio
522, 575
Pennsylvania RR
489. 522, 605
Phi la. Sc Read...479, 509, 5r9, 605
Pittsb. Cin. & St. Louis
480
Portland & Ogdensburg
522
¥&.
Richmond & Allegheny...550, G25
Richmond Sc Danville
550
S.
St.
St.
St.
St.
3r.
Loujs Alton & T. II
572
Louis City Finances
Louis Coal
Louis Ft. Scott A. Wichita..
Ixmis Tron Mt.&So....479,
St. Paul Minn. Sc Manitoba.,..
Sabiuo & East Texas.
550
550
Saginaw Tuscola & Huron
479
596
575
522
575
Sau Francisco Street Bonds... 550
Selma Romo & Dalton
479
Sharpsville
479
Shenandoah ValIoy..S22, 550, 567
South Carolina RR
509
Standard Coni & Iron Co
605
Stony Clove Sc Catskill Mount. 0u5
rr.
Tennessee Finances
Texas A St. Louis
522, 596
479, 489
U.
Union Paciflo
Utah Central
625
509
.'
V.
Valley, of Ohio
605
Valley, Va
575
Virginia Stato Finances... 489, 541
...
Junction Sc Breakwater
rf.
Ran.
625
W.
K.
City Springf. Sc Merap... 5 19
Kentucky Central ...521, 549, 574
Washington & Ohio
West & East
West Jersey
Lake Shore Sc Mioh. Ho... .501,
| West. Union Tel
518, 617, 637 | Wisconsin Central
ANNUAL
575, 596
625
548
;...
575
522
REPORTS.
Wisconsin Central.
(Far the year ending December 31,1881.)
The report of Messrs. John A. Stewart and Edwin H. Abbot,
trustees in possession of the Wisconsin Central Railroad,
by
Charles L. Colby, agent of the trustees, has just been issued.
thus enable them to retain and increase the business which was
within their natural territory. The trustees offered to hire from
the proposed new oar company suoh equipment as they should
designate from time to time, agreeing to employ all cars so farnished as soon as they were delivered on the road, and to retain
them
on
rental until each time
.
as
the trustees, or their succes¬
in
operating the road, should eleot to buy them. At first
$200,003 of new rolling stock was thus supplied j but the neces¬
sities of the road have required successive additions, and the
leased equipment now amounts to $650,000.
sors
MILWAUKEE AND NORTHERN LEASE.
549, 604
549
489
489
489
637
N. Y. City Sc No.489, 521, 605, 637
N. Y. Lake Erie & West
475
N. Y. & New Eng
479
N. Y. Peuu. Sc Ohio
6o5
N. Y. Susq. & West..479, 521, 573
N. Y. Texas & Mexican
575
North Carolina
550
Northern of New Hampshire..6 >2
Northern Piicifio
549, 575, 604
574
48 7
I).
if
Mex. Orlen. Inter. & Int
Morris & Essex
Mutual Unkm Tel
604,
N.
Naehez Jaokson & Columbus..
Nasliv. Chat. & St. Louis
Newark City Finances
New Haven Mid. &W11.. 575,
New Orleans Pacific
N. O. Red River Sc Texas
N. Y. Chic. & St. Louis
479,
603
521
575
522, 625
479, 489, 575
“
The trustees
having exhausted negotiation in trying to effect
satisfactory arrangements for the permanent use of the Mil¬
waukee & Northern Railroad, on terms which would be fair to
the Wisconsin Central Railroad, and give
of its outlet to Milwaukee and Chicago,”
it permanent control
* * “decided to
abandon altogether the use of the Milwaukee & Northern Rail¬
road, and to surrender its possession on the 31st of July, 1882,
to its owners; and to enoourage the immediate construction of
a new
line to Milwaukee from
our
terminus for
our own use.
expedient for the Wisconsin Central
Railroad to control its own avenue to Milwaukee, that a new
organization was quickly formed among its stockholders to
build the Milwaukee & Lake Winnebago Railroad; and the
trustees and the Wisconsin Central Railroad Company decided
to join in leasing it for ninety-nine years.
This railway is
being rapidly buiit. along the west shore of Lake Winnebago,
through the considerable cities of Oshkosh and Fond du Lac
to Schleisirigerville, a town on the Chicago Milwaukee & St.
Paul Railway distant about thirty miles from Milwaukee.
“It
was
evidently
so
Before the new lea?t* is to take effect, the Milwaukee & Lake
Winnebago Railroad will be completely furnished with suit¬
able equipment, and laid with the best qua ityof steel rails, 56
pounds to the yard, on a road-bed constructed in lirst-clase
m inner and in every way equal to the best portions of the
Wisconsin Central main line. The permanent, control of this
new road is secured to the Wisconsin Central
Railroad as fully
as if it was legalljr and technically a part of the Wisconsin Cen¬
tral itself.”
*
*
“The funds are all
*
provided for building, completing and
equipping this new road. The contracts are let, and the work
is vigorously pushed; and its early completion is assured. The
of the S”. Paul track from Schleisingerville into Milwaukee,
and of all the terminal facilities in Milwaukee of that great
use
company,
have been permanently arranged by contract with
the Chicago Milwaukee & St. Paul Railway Company for the
use of the Wisconsin Central business; and it is probable that,
before the end of 1882, the Wisconsin Central Railroad will be
enjoying
the full advantages of the new route.” * * *
“
The heavy outlays which we have been obliged to make in
renewals and improvements have been made with your sanc¬
tion and authority. They have rendered, of course, the pay¬
ment of any interest on the second series bonds, for the present,
impossible, but these present expenditures will result in earn¬
ing for the seoond series bonds their full maximum interest at
a much earlier day than any other policy could hope to accom¬
plish. The first series bonds, under the reorganization, begin
to draw interest at five per cent on the 1st of July, 1883.
The
policy which you have adopted, and steadfastly pursued, seems
to assure this payment on the first series bonds as soon an it
falls due; and to justify the hope that, after that date, at a
reasonably early day, something may be apportioned, under
the terms of the trust deed, ana paid for interest upon the
seoond series bonds.”
The following table exhibits the earnings and expenses of thft
Wisconsin Central Railroad, including Milwaukee & Northern
leased and Chicago Milwaukee & St. Paul track used :
THE CHRONICLE.
662
1878.
$496,017
Earnings.
From freight*
$596,544
$815,417
$960,045
212,191
24,263
8,475
4,118
5,497
278,414
25,778
346,825
8,897
16,273
5,213
12,630
4,833
191,560
From passengers
From mails
From express
From sleeping oars.....
From miscellaneous ...
1881.
1880.
1879.
25,704
7,115
4,219
6,200
30,161
.
7,828
Total gross earnings. $733,819
Operating expenses.... 474,497
$851,090
497,138
$1,146,352
$1,365,967
653,077
806,443
$259,322
$353,952
$193,275
$559,524
Net
Deducting rentals and
taxes..?.....
136,458
were as
Freight
Passage
follows
:
1881-82
$903,864
378.428
-
Mail and express
305,022
32,192
..$1,427,007
$1,369,965
770,115
955,443
$656,892
$414,522
100,954
Total
Expenses
Net
earnings
Payments from net earnings
Betterments, $207,370 ; extension
total, $223,779; leaving a
$193,090
$265,748
$272,108
amounted to 17,552 acres for $61,575,
1880-91.
$1,032,751
43,761
Miscellaneous
287,415
227,527
160,861
earnings
The
EA1NXXO0, EXPENSES JLND XENTAL8.
[Vol. IXilV.
reported by the lessee
were :
of Athens Branch, $16,409
;
balance of $433,111.
Leaving balance of... $122,863
The land sales in 1881
against 12,243 acres for $25,836 in 1880.
made to Dec. 31,1881, were :
GENERAL INVESTMENT NEWS.
The total of sales
$290,900
106,530*87 acres land
23,411
blocks
189,096,000 feet pine stumpage
716 town lots and 17
American Atlantic Cable Company.—At Albany the Ameri¬
Atlantic Cable Company of New York has filed amended
articles of incorporation. The general route of the line of tele¬
can
297,064 graph is from New York City to a point convenient upon the
$611,376 coast of the United States, and thence to the coast of Portugal,
Faoe value of outstanding land contracts January 1,1882, ex¬
Spain or France in Europe. The capital is $10,000,000, which
$53,000 can be increased at the discretion of the stockholders.
clusive of Interest due and accrued
Iowa Falls & Sioux City.
American Telegraph & Cable Company.—The distribution
to construction subscribers of the stock of the American Tele¬
(For the year ending March 31, 1882.)
graph A Cable Company began on Monday, June 5. On each
The Boston Transcript has the following-:
The Iowa Falls & Sioux City Railroad Company makes an certificate is the following endorsement: “The Western Union
report for the year ending March 31, Telegraph Company hereby, for value received, guarantees a
i
exceedingly favorable
advance
an
copy it is learned that the gross quarterly dividend of 1% per cent, payable at the end of each
1882.
From
earnings were $690,539, being an increase of $165,385 over the quarter, to wit, on the 1st days of September, December, March
and June, respectively, on the par value of the stock of the
preceding year. The increase in rental for the same period was American
Telegraph & Cable Comnauy represented by the
$66,369. The income from rental, including drawback from
within certificate, the said dividend being paid in accordance
Dubuque & Sioux City Road, was $301,777 ; from land depart¬ with the terms and conditions of an agreement
between the
ment, $718,000 ; from miscellaneous sources, $29,922. Deduct
Western
said
Union
Telegraph
Company
and
American
Telthe
salaries and general expenses ($6,230), interest on bonds ($206,
325), one dividend of 1 per cent and three of 1% ($254,292), and | egraph & Cable Company, dated May 12, 1882. In witness
there remains to be added to income account $582,852. At the whereof the Secretary of the Western Union Telegraph Cornlast annual meeting of the stockholders it was voted to set pany has signed this guarantee and hereunto affixed the seal of
the company.”''
apart all surplus net income, over the interest on the bonds and
—The Investor's Manual of the London Economist says
dividends not exceeding 6 per cent, as a fund to provide for the
of tlm pooling arrangement:
contingency of a termination of the lease to the Illinois Central
‘•Now that clio ‘Go iM cables’ have been brought or forced into the
Railroad Company at the expiration of the present term, Oct.
joint-purse agreement, the general tariff for trans-Atlantic messages has
1, 1887. The latter company has the option to take the road at once been put back from In. to 2s. a word. Tlio following are the
in perpetuity at the present rental; but, if it does not so terms of tlm new anamrement for dividing joint receipts:
‘From the date at which the American Company shall have one
elect, the Iowa Falls & Sioux City Company will be liable for
in complete working order, and opened for traffic: 55% per cent
the appraised value of side tracks, new buildings and improve¬ cable
to the Anglo Company, 18% to the Direct Company, 14 to the French
ments, properly chargeable to construction, made during the Company, 12*2 per cent to the American Company. And from the date
lease. If the option is not exercised and no arrangement is at which the American Company shall have two cables in good working
made with any other company, it will become necessary for order, the division of traffic receipts will be 48*33-40 per cent to the
Anglo Company, 16 11-40 to the Direct Company, 12 2-5 to the French
this company to equip and operate its road. The fund set Company,
22% per cent to the American Company. The above division
aside against the contingency now amounts to $800,000, and is of receipts is subject to certain modifications iii the event of interruption
investea in the bonds of the company and interest-bearing of the cables.’
Every year or two a fresh agreement of this kind has to be made,
loans. The general balance sheet may be thus summarized :
and in their efforts to silence competition, the old companies are reduc¬
Dr.
ing more and more seriously their proportion of joint earnings. After
Construction
$7,585,000 the Anglo-American Company had absorbed the original Atlantic Tele¬
Assets
966,100 graph Company, the first French Atlantic Telegraph Company wa*
started, and this was taken over by amalgamation, in which the French
Total
$8,551,100
mipany certainly did not obtain the worst of the bargain. Then the
Direct United States Cable was started, with tho express purpose of
Cr.
Capital stock
$4,623,500 introducing competition; but after a time the Anglo-American, with
“
“
First mortgage
2,947,500
41,322
bonds
Floating debt
938,777
Balance credit iucome account, March 31, 1882
$8,551,100
Total
Boston & New York Air
Line.
lishment of another
ending April 30, 1882.)
The board of directors submit the following report for the
year ending April 30, 1882 :
Gros3 earnings
I
$297,291
(For the
year
123,225
Operating expenses
Net earnings
$174,066
Mr. H. B. Hammond, the President, remarks in his report,
“that each year there is a marked increase in the income of
your property and without a corresponding increase of expen¬
of obtaining the same. It will be observed that during the
first year of your organization (1875) the gross earnings were
$165,986, and during the last year $297,291, showing an increase
of $131,305 ; that during the first year the operating expenses
were $128,635, and during the last year $123,225, showing a
ses
decrease of $5,410.
This improvement is shown equally in the
physical condition of your property, and jyou are urged to
examine the same to verify this statement.
Where once there
was a defective roadway with superstructure imcomplete and
worn out, you have now a roadway equal to any in the State
of Connecticut,.with a superstructure of
character and in excellent condition. In
meagre equipment, you have that which is
Trust, succeeded in turning out the Direct Com¬
pany’s board and dividing profits. Then another French cable was
agsiiu laid, and the same tactics of lowering the tariff were pursued,
until the second French company agreed to a joint-purse arrangement.
Last year, Mr. Jay Gould started an American Cable Cempany, and
after a long spell of the Is. a word tariff, his lines are now brought
within the arrangement.
The coast is, therefore, clear for the estab¬
the aid of the Glebe
the most approved
place of the most
all sufficient for the
traffic you command.”
No balance sheet is given.
Georgia Railroad & Banking Company.
(For the year ending March 31, 1882.)
From April 1,1881, this road was leased to Wm. M. Wadley,
at a rental of $600,000 per year.
The following statistics are published of the operations and
opposition cable.”
Canadian Pacific Land Project.—The
announcement was
sale
made some days ago of the conclusion of a contract for the
of lands granted to the Canadian Pacific Railway Company to a
large English company.
The total land grant from
Dominion Government to the railroad company includes
the
25,000,000 acres. The facts regarding the sale of a portion of
this land by the company are reported as follows by the N* Y.
Tribune.*
“Some time ago E. B. Osier and W. B. Scartli, of Toronto,
and J. Kennedy Tod and O. H. Northcote, of the firm of J. S.
Kennedy & Co., of this city, obtained a concession from the
Canadian Pacific of 5,000,000 acres, together with a half
interest in each town site west of Brandon, on the main line 01
the road to the eastern boundary of British Columbia—a distance
of about 800 miles. From the Canadian Pacific Land Grant
Bond Syndicate the same persons have also secured
the right
purchase sufficient bonds of the company to pay for the lands
conceded. The amount is now estimated to be $13,500,000.
The bonds are receivable by the railroad company in payment
for lands at 10 per cent premium.
The-bond syndicate is JeP£e‘
sented in New York by J. S. Kennedy iv Co. and in Canada oy
the Bank of Montreal.
The organization is nearly completed
of a land company to be called the BiiPsli-Canadian.North¬
western Land Company (limited), to purchase the rights 01
Messrs. Osier, Scarth, Tod and Northcote. The terms are no
made public. The company will have a capital of $15,000,OOU.
to
director
Alexanu
Of the board of twelve
Its office will be in London.
Messrs. Osier and Scarth and Donald A Smit-i and
earnings of the road in the year ending March 31, 1882, com¬
pared with the previous year :
1881-82.
1830-Q1.
Tons
Ramsey, of Hamilton, will represent the Canadian stockholders,
i'here will also be four Scotch and four English directo •
\raong the former are Lord Eipliinstone, Sir George Warre,<jr, Bart., and William John Menzies, of Edinburgh. A
Duke of Manchester wi I be one of the E gli-h directors,
other directors have not been chosen.” * * “It is understood t.
Ton miles
the Scotch and Canadian allotments
_
,
.
,
freight carried.
314,579
45,705,674
378,5<»•
49,961,644
jointly will be
limited
Juke
$10
THE CHRONICLE
10, 1682]
000,000.
Will
The active administration of the land company’s
be placed in the hands of the four Canadian
The effect of the transaction described will be the
retirement of the existing bonded debt of the Canadian Pacific
Railroad as fast as the lands are taken up by the land company.”
affairs
directors.
663
“
The Chicago Texas A Mexican Central Company propose to conneot
Chicago with the Pacific coast via Texas and Topolovampo, upon the
basis of a cash subscription of one million dollars. Having a Texas
land grant of uncertain value, It believed It could sell bonds to Scotch
investors, and with the proceeds build the road, leaving the subscriber*
with their original money, Interest thereon, seven and one-half times
the amount or their subscription in railroad stook, and ten times the
of their subscription in land scrip. But the Scotch invest¬
Burlington & Quincy.—'The following circular has amount
did not bite.
The
Topolovampo scheme became a synonym
been issued by the Chicago Burlington & Quincy company : To of foolhardiness, and after the subscribers’ $750,000 and some
the stockholders—In carrying out the general policy of protect¬ borrowed money has been exhausted in constructing fifty-three
miles ef road out from
the promoters are willing to give up the
ing the territory contiguous to our line, and providing*a system struggle. Three partiesDallas,
are desirous of trading for the constructed road,
of branches for the same out of roads which might otherwise hut the directors of the company have accepted the offer ef the Gulf
have become competitors, your directors have now obtained full Colorado & Santa Fe Railroad Company, subject to the approval of the
control and substantial ownership of the following properties : stockholders of both companies. This offer Is $12,000 per mile In Gulf
Colorado A Santa Fe Railroad Company bonds, and $6,000 per mile in
The Chicago & Iowa Railroad, extending from Aurora to Rock¬ stock of the same
company. If this bargain js consummated, the Chica¬
ford and Forreston, about 104 miles; the St. Louis Keokuk & go Texas A Mexican Central will pay its debts and divide the securities
Northwestern Railroad and its adjunct, the Keokuk & North¬ remaining, one-quarter to the “promoters” who are supposed to have
the brains of the enterprise, and three-quarters among the
western Railroad, extending from Mt. Pleasant, Iowa, to St. furnished
‘investors’ who let in the hard cash.”
Peters, Mo., a distance of about 184 miles. In pursuance of the
same general policy, the following roads are now under con¬
Cleveland Mount Vernon & Delaware.—This railroad was
struction : The Ilumeston & Shenandoah Railroad (this is resold on Wednesday, at Akron, O., by Special Master Commis¬
owned in common with the Wabash St. Louis & Pacific Railroad sioner William H. Upson, to J. M. Adams, J. A. Hersey and H.
Company), one-half of about 100 miles in length ; the Joliet W. Smithers, purchasing committee for the Holland bond¬
Rockford & Northern Railroad, a link connecting three of our holders. The amount paid was $1,150,000. The purchasers
Illinois lines of about 24 miles in length. The Ottumwa & Kirk- constitute the corporation known as the Cleveland Akron &
ville Railroad, a short coal line in Iowa, of about 10 miles. The Columbus Railroad Company, which bid off the road last
acquirement and construction of these properties have involved August, hut was dispossessed by the District Court for inform¬
a cash outlay of over $6,500,000.
In view of this expenditure, ality in the sale.
your directors have deemed it proper and expedient for the
Connotton Valley.—At a meeting of the board in Boston last
company to exercise the power to increase its capital stock con¬
ferred by its charter, the authority to do which was pros¬ week, the transfer of the Connotton Valley & Straitsville property
pectively confided to its directors at a meeting of the company to this company was finally ratified, and the deed executed and
Chicago
or
held March 24,1880. Your directors have therefore voted to
such increase to be made to the amount of 10 per cent of
the number of shares of record June 30, 1882, and to offer the
same in the first instance to the shareholders of the company.
cause
The opportunity is therefore offered to
record of June 30, 1882, to subscribe to an
the stockholders of
issue of stock at
par,
equal in amount to one-tenth of their respective holdings ; that
is to sav, the privilege of subscribing to one share of stock at
par will attach to 10 shares of Chicago Burlington & Quincy
Railroad Company’s stock. The books of the company will
close June SO, 1882, and remain closed until July 10. The right
to subscribe will expire July 31,1882.
Chicago Milwaukee & St. Paul.-^The stockholders of this
company held their annual meeting in Milwaukee on June 5.
The needs of the
road
were
discussed, and
passed authorizing the issue of 20
per
a
resolution
was
cent in common and pre¬
ferred stock, in both cases one-half on account of surplus earn¬
ings and one-half for cash at par. The object of this issue of stock
at par, as stated in the resolution, is for the betterment of the
road.
The common and preferred stock now amount to about
$32,000,000. The resolution, therefore, authorizes the issue of
$6,400,000, of which $3,200,000—one-half, or 10 per cent, is a scrip
dividend on account of surplus earnings, and the remaining $3,200,000 is to be sold to stockholders at par. Of the $3,200,000
cash to be received, $400,000 is for completing the work now in
progress, and for repairing the road-beds in Minnesota and Wis¬
consin. The stockholders further decided to apply a portion of
this issue for the
voting for the
completion of the Minneapolis
car
shops.
This line will be know
as
the Straitsville Division.
By vote of the directors, it was resolved that measures be
taken as soon as possible to construct the Straitsville Division
for a distance of about 50 miles from Canton, on the line
already surveyed and partially constructed, and that the West¬
ern Executive Committee be instructed to obtain proposals for
the work from responsible parties, and to execute the contract
as soon as possible for the completion of the work.
This will
extend the line to a point near Coshocton, leaving open the
question of reaching Zanesville by way of Coshocton, or by
another route, for future consideration. In accordance with
the terms of the plan of reorganization, which has been adopted,
the last three assessments of the subscription to the new 6 per
cent bonds will be payable at the company’s office, No 13
Exchange Street, Boston, on the following dates: 25 per cent
on June 1, 1882; 25 per cent on July 1, 1882 ; 25 per cent on
August 1, 1882. Subscribers are requested to present their
exchange certificates in order that the payment of the several
assessments may be stamped thereon.
As the new bonds bear
interest from May 1,1882, interest at 6 per cent will be charged
upon any delayed payments.—Railroad Gazette.
Des Moines & Fort Dodge.—This railroad has completed
he first section of its extension from near Fort Dodge, in Iowa,
to the intersection of the northerly line of the Chicago &
Northwestern Railway at Rolfe, a distance of twenty-six miles.
Regular trains will run from the first day of July. The next
division of thirty miles, extending to the crossing of the
Chicago Milwaukee & St. Paul Road, is partly graded, and is
expected to be open by November 1.
The
board of directors resulted as follows: Alex¬
ander Mitchell, Milwaukee; Julius Wadsworth, New York;
Selah Chamberlain, Cleveland; Jeremiah Miibank, Abraham
R. R. Van Nest, James Woodward, William Rockafeller, Peter
Ceddes, Hugh T. Dickey, and James Stillman, New York;
John Plankinton, S. S. Merrill, Milwaukee, and Jason E. Easton,
Minnesota. The only change noted is the retirement from the
board of David Dows and the substitution of James T. Wood¬
ward of New York.
new
Elizabeth (N. J.) City Debt.—The Mutual Benefit Insurance
Company of Newark, one of the largest creditors of the city of
Elizabeth, has filed an acceptance of the city’s proposition to
compromise its debt on a 50 per cent basis, ana most of the
smaller creditors, it is stated, have signified their willingness
to do the same.
Steps have been taken to complete the bar¬
gain and provide the first year’s interest on the new 4 per
cent bonds in the tax levy of the new fiscal year.
The appro¬
priations must be made and the tax levy made up by July 1.
It is now feared that it may not be possible to perfect the com¬
promise by that time. The consent of the Singer Sewing Machine
Co., one of the largest creditors, is yet to be procured. The
Singers are judgment creditors to the amount of $800,000, and it
is said that they are seeking some concessions as preferred
creditors. The Mayor and Comptroller have been appointed to
act as a committee of conference with the company’s officials,
and the council has adjourned to await the result of the nego¬
Chicago Rock Island & Pacific.—At the annual meeting of
stockholders tlie following directors were elected for three
years: David Dows, Sidney Dillon and H. R. Bishop, of New
Vork; R. R. Cable, of Rock Island; and Hugh Riddle, of
Chicago. Mr. Bishop succeeds W. L. Scott, of Erie, who
declined
voted.
delivered.
a, re-election.
Out of a total of 419,508 shares, 364.269
The annual report makes the following showing: Gross
earnings, $13,267,000; net earnings, $5,944,000. The new direc¬
tors this afternoon elected Hugh Riddle, President; David
Rows and R. R. Cable, Vice-Presidents; and Francis Tows,
tiations.
Secretary and Treasurer.
Grand Rapids & Indiana.—At the directors’ meeting, held
Chicago St. Paul Minneapolis & Omaha.—The annual
meeting of the stockholders of the Chicago St. Paul & Omaha to discuss the proposed extension of the road from Petoskey to
Railroad was held at Hudson, Wis., June 3. The election of Mackinac, it was decided to negotiate a loan and finish the
directors resulted as follows—for the term expiring in 1885 : P. road so that it can be operated by July 1. The cost is estimated
Sawyer, of Oshkosh ; Benjamin Brewster and A. Kountze, of at $500,900. The increase in net earnings of the road for the
New York, and A. H. Wilder, of St. Paul. For the term ending first four months of this year over last year are $86,000, and
m 1884 : W.
D. Washburn, in place of John Comstock, of Hud¬ $27,000 for the Cincinnati Richmond & Fort Wayne, operated
son, resigned ; and Henry T. Welles, in place of G. I. Seney, by the Grand Rapids & Indiana Railroad.
resigned. The full board now stands: H. H. Porter, R. P.
Manhattan
Metropolitan Elevated. — The directors of
slower, David Dows, H. R. Bishop, W. D. Washburn, P. Sawyer, the Manhattan Elevated
Railroad Company have declared a
benjamin Brewster, A. Kountze, A. H. Wilder, S. M. Fiske, E.
quarterly dividend of 1^ per cent, payable July 1, on the first
K Drake, R. R. Cable and
Henry T. Welles.
and second preferred stock. They*also voted to award to the
t
e. b°ard of directors subsequently met and elected the Metropolitan Company a sum sufficient to pay 1^ per cent on
tollowing officers : President, H. H. Porter; Vice-Presidents, R. the Metropolitan stock. The directors of the Metropolitan
nTtr0wer
au<^
Sawyer ; Treasurer, R. P. Flower ; Secretary, Elevated at their meeting declared a dividend of 1/6 per cent.
u W.
Porter.
They also adoDted resolutions changing the day of electing
Chicago Texas & Mexican Central.—The Boston Transcript Metropolitan directors to the date of the Manhattan election,
has the
the second Wednesday of November, and adopting the Man¬
following:
Rftiu°S^?n 1?art,ies
invested in tlie Chicago Texas A Mexican Central hattan by-laws. This action w'as taken by the Gould party in
who
eme to the extent of about three quarters of a million, and
opposition to the Kneeland party, and was a surprise to them,
five ad ^in not sell out at 100 per oent profit, so great were the prospec- as the
regular election for Metropolitan directors would have
5n
tho
now have the opportunity of taking
auta?e8
enterprise,
cents on the dollar for their investment.
been on the second Tuesday of July.
—
,,
.
THE
664
rVOL. XXXIV,
CHRONICLE.
A
COTTON.
ghe
(Commercial ^imes.
indicated by our telegrams
below. For the week ending
receipts have reached 15.624
bales, against 15,950 bales last week, 13,981 bales the previous
week and 20,864 bales three weeks since; making the total
receipts sinoe the 1st of September, 1881, 4,572,513 bales, against
5,594,474 bales for the same period of 1880-81, showing a decrease
since September 1, 1881, of 1,021,961 bales.
The Movement op the Crop as
from the South to-night, is given
this evening (June 9), the total
EPITOME.
COMMERCIAL
Friday Night,
June 9,1882.
week,
growing
crops and relieving much of the apprehension that was felt in
Hay, owing to the prolonged low temperature. Strikes of iron¬
workers at Pittsburg and other points at the West are still in
has been warm and summer-like the past
frequent rains, giving a great impulse to the
The weather
-with
values and causing some uneasiness, in
trade. The high prices of agricultural
products has reduced our exports, and caused great dulness in
that branch of trade; and business generally, except in the
necessaries of life, is kept within narrow limits. But this
situation has manifestly passed the worst and is improving,
with strong probabilities of an early return of a prosperous
state of trade, manufactures and commerce.
There has been a better movement in pork, and lard has been
more active at advanced figures, which in part were brought
about by the anxiety of the large “short” interest to cover
contracts. Tc-day oid mess pork on the spot was sold at $19 50;
and new at $20 50; July options realized $20 30@20 40; August
progress, unsettling
correlative branches of
Indianola, Ac.
New Orleans...
Charleston
Pt.
233,133.830
...158,330,218
Uhds.
Secelpts since June
Sales since June 1
Stock June 7. 1882
Stock June 8, 1881
1
30,362
28,267
56,373
61,365
Boxes.
216
5.459
6,844
1,534
00
60
n
139
1,126
o
3
20
20
4
105
•
7
7
604
2,696
....
....
....
....
406
165
589
442
490
....
....
51
35
703
228
329
707
479
505
....
....
•
....
...
146
146
....
128
1,146
311
2,358
27
....
G2S
628
690
225
2,152
2,002
2.993
15,624
....
....
.
....
give the following table showing the week'9
the total since Sept. 1,1S81, and the stocks to-night
items the for corresponding periods of last year.
For comparison, we
total receipts,
and the same
Receipts to
This
June, 9.
This
1, 1881.
Week.
690
Galveston
3
Indianola,Ac.
Mobile
1,53 l
Savannah
Brunsw’k, Ac
60
1,120
Charleston
20
Royal, Ac.
Wilmington....
M’head C., Ac
Pt..
105
f*
i
'
2,696
Norfolk
146
City Point, Ac
Now York
1,145
Boston
2,358
628
Baltimore
2,152
Philadelp’a,&c.
Mobile
Savannah....
:
800 cases Pennsylvania fillers, tic.; dark heavy B. and
a, 10@10>ic.; wrappers, *16@30c., and assorted lots 10@13c.;
160 cases New England wrappers, 14@35c.j 250 cases Ohio fillers,
4@4M<b, and wrappers, 8/£@llc.j 100 cases sundries, 9@18c;
Havauna fillers have been dealt in to the extent of 450 bales at
from 8Sc. to §1 20.
Naval stores closed fumer tis the superfluous offerings have
been taken ; to-day good strained rosin was held up to $2 1732
@$2 20, and spirits turpentine 46c. Refined petroleum was
steady at 7%c.; crude certificates irregular
54Mc ♦ alter sales at 5o%@55Me.
September, 60>ic.;
July options quoted 56c.; August,
October, 62%e. Ingot copper was steady with 150,000 lbs.
Lake sold at ISMc. American pig* iron more active and film ;
sales 10,000 tons at the current prices of $25 for No. 1, $23 for
No. 2 and $22 for forge. Hops stronger and very sparingly
offered.
Wool is quieter and the increased receipts have cre¬
and at the close lower at
freights have latterly been much better. Rates were
advanced, and the movement was larger. To-day there was a
slight reaction downward ; Liverpool, steam, grain taken
piivate terms; quoted l/£d.; bacon, 10s.; cheese, 15@25s.
1,247
4,855
613,323
6,634
49,955
15
49
116.433
30,165
1,561
1,964
692,135
203,553
1G6,805
1G.793
9,799
449
38
3,994
320
8,136
......
......
162,136
44,217
68,116
243,834 163,642
9,100 10,495
5,947
23,530
9,289
11,090
29,432 5,594,474
422,690 427,284
3,251
1,854
1,554
2,584
Charl’st’n, Ac
Wilm’gt’n, Ac
Norfolk, Ac..
1877.
1878.
1879.
480
560
685
2,018
3,579
938
1,518
2,146
933
887
824
165
866
181
1,534
1,146
3,012
1,247
1,344
765
2,068
1,032
1,318
257
453
474
'487
33
276
107
112
163
2,006
New Orleans.
follows
853,402
1,851
8,290
693
Kentucky tobacco has relapsed into quietude,
week are only 288 hhds., of which 200 for
export, Prices, however, are quite firm ; lugs 6M@7%c., and
leaf 8@ 14c. Seed leaf has met. with a moderate demand, and
sales for the week are 1,310 hhds., all from the crop of 1880, as
3,012
1880.
1881.
Galvest’n,Ac.
147
302
86,777 150,153
5,578 10,231
.->,080
7,647 12,804
8,290 1,520,120
837
378,689
1
20,359
720,074
7,026
489,227
21,383
134,495
26,514
603,677
190,853
158,597
222,119
20,124
97,153
39,688
10,131
comparison may be
1882.
Receipts at—
65,670
13.715
15,153
1881.
1882.
made with other years, we
below the totals at leading ports tor six seasons. -
In order that
iMado.
650,059
53
15,624 4,572,513
Total
give
1,798
27.206
3
Florida
Sep.
1,1880.
424,827
2.01S 1,162,892
259,G51
933
New Orleans...
Since
Since Scp.
Week.
Slock.
1880-81.
1881-82.
The mirket for
3
183
....
23
73
3
....
36
2.245
and sales for the
Ocean
....
....
117
14
154
230
285
483
3.327
granulated.
ated weakness.
933
2.656
for
quieter but about
341
2.401
Refined closes fairly active, at 9Mc. for standard soft white
*\A,” 10/£c. for crushed, 10/£@10%e., for powdered and 9%c.
n
10G
Totals this week
74,753,591
45,379
465,878
973,191
182
477
5,902.800
20,5i$,183
Bacjs.
16
40
has been weak for old Japan,
effect sales.
221
342
fairly active for foreign at
concessions in order to
61
Phlladelp’a, Ac.
rather firmer
prices, owing to an advance in England; Patna has been quoted
at 6<&6%c and Rangoon-at 5M@5%c.; domestic has sold mod¬
erately at steady prices, in sympathy with firm markets at the
Bouth. Spices have been firmer generally, and especially for
pepper, which has received the most attention; Singapore is
quoted at 16^@>16%c. Foreign dried fruits have been
quiet
and unchanged; green have sold fairly at
otherwise
radually
Tea for green and new
fut
advancingfirm,prices.especially
Japan ; of the latter 8,000 packages have arrived, of which
2,000 packages have been sold. Molasses has been quiet for
both foreign and domestic at prices showing no marked change
except for 50-degrees test refining stock, which has declined to
34c. Raw sugar has been dull and lower at 7Me. for fair
refining and
Mo. for 96-degrees test centrifugal. Refiners
have imported pretty freely, and importers have been obliged
to make
2,018
378
for
Maracaibo, the statistical position of which is favorabLe to hold¬
IKi
83
141
....
Baltimore
759,353,025
470,039,101
269,254,524
for fair; mild
Rio coffee Las been quiet and weaker at
grades have been quiet and more or less depressed, except
Rice has been
3
524
....
Boston
090
3
372
809
......
47
4S5
Royal, Ac.
City Point,Ac.
New York
Total, lbs
ers.
....
....
Norfolk
1SP1-2.
Uuil, lbs
....
Total,
406
199
Wilmington ....
Moreh’d C., Ac
;
40,888,800
485,330.080
146
....
Florida
Savannah
Brunsw’k, Ac.
82
153
....
....
Mobile
"Bacon was fiimly held at 11 %c. for
long clear.
Lard was advanced to ll,72^@ll*75c. for prime
western on the spot; refined was quoted at lV80c.; June and
July options realized ll*72(^@1177/^c.; August ll*75@ll*82^c.;
September, ir80@ll*85c.; October, 1180c.; November, 11 -60
ll‘65c
seller year, lT522£@ll'55c.; closing slightly easier.
Beef firm; extra city India mess $29@30. Beef hams steady;
western $26@$26^. Butter has latterly been stronger and fine
grades in demand. Cheese steady; medium to fine State factory
9}£@10%c. Tallow firm at 8%c.
The summer packing of swine makes fair progress; the total
at. all points since March 1st aggregating 1,929,000, an increase
of 26,000 over the corresponding period of last season, but were
not quite so large last week as in the corresponding week of
last year. The following is a comparative summary of aggre¬
gate exports from Nov. 1, 1881,. to May 27, 1682:
IH80-1.
Decrease.
34,'.-26,000
270,792,858
233
29
Galveston
Fr*.
Thurs.
Wed.
Vues.
Mon.
Sat.
Receipts at—
quoted at $20 50(^20 60.
Pork, 11)3
Bacon.lbs
M.t June 9, 1882.
Friday. P.
2,543
4,314
9,314
5,017
5,905
3,010
1,898
1,179
2,510
All others....
2,842
6,346
629
Tot. this w’k.
15,624
29,432
18,580
6,612
11,231
8,526
4781.696
Since Sent. 1. 4572.513 5594,474
4407,422 4219,715 3923,562
includes Port Royal, Ac.;
Norfolk includes City Point.«o.
The exports for the week ending this evening reach a total
of 34,196 bales, of which 24,701 were to Great Britain, 5,302 to
France and 4,193 to rest of the Continent, while the stocks aa
made up this evening are now 422,690 bales. Below are
exports for the week and since September 1.1881.
Galverton includes Indianola: Charleston
Wilmlxgron includes Morehead City. &c.;
the
Week Ending June
From
9.
Exported to—
Exports
Great
from—
Brit'n.
France
Conti-
Total
Great
nent.
Week.
Britain.
New Orleans..
8,484
13,014
4,530
Mobile
Florida
.
...
Savannah
Charleston *...
2 2J\
2,291
......
Wilmington...
15,145
030,240 249,84.'
0,313
30.8^2
8,900
138,000 21,03)
159.550 20.472
1,43)3
53,584
804,504
2,580
14,7:0
370.4S1
28,851
1,138
140.604
1,207
77.737
70,900
Norfolk
New York.....
Boston
10,988
1,188
77s
2.93C
1,207
B dtimore
Philadelp’a,&c
..
Total 1880-81
1,800
1,800
001
5,302
4.103
84,100 2,193,74) 340.5a7
36,877
11,084
4.016
62
from Port Ror&l
Ac.
‘includes exports
♦lent.
63.421
210,OGO
8,231
170,025
12b,7 5<
8,819
15,840
78,044
250,048
1.102,OW
46,366
3,0W
383,625
3G8.779
63,833
822,028
400,378
140,868
51.005 120,703
77,160
200
4
’24,701
6761
June », 186*Yotat.
Promt
179,48i
Galveston
Total
Sept. 1.1881. to
Exported
”744,340 3,284/84
UPS9.829
THE
10» 1882.]]!
June
CHRONICLE.
In addition to above exports, our telegrams to-night also
of cotton
0D
give
TO
shipboard, not cleared, at
the ports named. We add similar figures for New York, whioh
nreoared for our special use by Messrs, Carey, Yale &
'Lambert. 60 Beaver Street
ns
the following amounts
!2S? I3g|
®’2 mi gas! din
3 fj ti-"?
on
S
TO
B
a™
P OD *
June 9, at—
Great
<J>
p-fS
.
France.
Britain.
'flTe w Orleans....
Mobile
C'narieston
4,856
3,731
None.
None.
None.
None.
Savannah
None.
None.
None.
None.
None.
None.
OalvcHtou
261
Norfolk
New York
8,800
6,700
1,800
Other porta
22,417
Total
None.
None.
None.
Nono.
None.
Noue.
600
8
Nono.
None
Noue.
813
None.
2,200
700
3,734
38,849
16,076
Total 1SS1
Total 18 SO
Foreign
rcise.
m
8,492
9,820
6,507
2,406
Stocic.
Total.
905
2,018
1,524
I!
GO
8,590
78,187
None.
297
600
l .082
5,573
6,337
M
22 w
2,5C0
42,796
a
30,769
391,921
10
gh
59,179
363,105
©
26.513
160.909
©
NEW ORLEANS.
•
|
©
00
M
ST
©
coc
•
05
t:. 10
1C to
10 to
© ©
m
©•©
IQou Tuei
9^8
Strict Ord..
Sat.
1 ©w
tv to
©
i—i
M 10
© to
O
9kj
9%
9«ie
915i6
101i 6 103lfl 10%
11
10131b 107s
11*10
Str. G’dOrd 11^18 1114
11516
U7l« 11%
Low Midd’g 11*8
11 78
111*18 11A
1115ib
Str.L’wMid 11 78
12
12%
12316
Middling... I2*i« 12^8
125ie 12%
Good Mid.. 12716 12ifi
12»i8 I21I10 12%
Str. G’d Mid 12H16 12^
12131b 121t»ie 13
Midd’g Fail- 133j0 13*4 13*>16 137i6 13%
Fair...^
131»16 14
L4i16 143lft 14%
Good Ord.. 10 34
Wed
Til.
Ordin’y.$ lb
9916
Frt. |
-i0?10
1018
9*4
Strict Ord.. 10116
lOb*
Str.L’wMid
lOioie 10151(J 11%
1133
1138
11916
111316 111316' 12
121]fl 12116 12%
Good Ord.:
ioja
Str. G’d Ord ll&ig
Low Midd’g U34
12
Middling... 12316 1214
Good Mid..
125s
8tr. G’d Mid 12V
121S16 127g
Midd’g Fair 13 51.0 133a
Fair
14il6 1418
124
1258
1278
133s
14%
105l6
103s
113i6
11%
U®ie
©»-»©
to to
K* M C5
125.6
12151G
137.6
143.6
FrI.
Wed
1211.6
913lft
10»8
105.6
8*5,e
9*5,e
9
10
10%
113.6
113,6
11%
121.6
11%
12%
12%
12%
13%
13%
14%
12%«
120,6 12510
12%
13%
13%
14%
Tift.
9%
9*16
9*16
9%
10*16 10*16 10% 10%
10%
10*1,6 10s4
10*3,6 10*3,6
11%
11*1,6 11%
11**10 11*3,6
SALES OP SPOT AND TRANSIT.
Ex-
|
port.\
Spec- Tran¬
Total.
sump. uVt'n sit.
Sat.. Quiet and firm.,
614'
764
Hon. iuiet at lie adv.
100
421
Tuw. iuiet at lie adv.
2,870’ 1,307
Wed.
—iirm
1,935! 3,991
Jto
™
Steady at %6 ad. 4,087 2,140
Frt..
1,378
521
...
Total
*
507
Sales.
53,300
65.500
1,389
48
4,183 119,600
5,926 74.500
6,443 77,400
1,944 79.500
10,012
264
20,395 469,800
__
Quiet
FUTURES.
Oon-
10,119.
Tii© dally
deliveries given above
216
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STAINED.
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Sat.
Ordln’y.$ Hr
V
05
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I
tendency, which began on Saturday, culminated about
noon on Tuesday, and from that time down to the close of
Thursday prices fluctuated slightly, but frequently, the efforts
to promote a further advance being checked by
the generally
excellent weather for the growing crop.
To-day there was a
further decline of 4@G points, owing to the
good weather, but
the close was steady.
Cotton on the spot has been unusually
active for both export and home consumption, and
quotations
were advanced l-16c.
on
Monday, Tuesday and Thursday»
making 3-16c. in all. To-day the market was quiet at 12%c.
for middling uplands.
The total sales for forward delivery for the week are
469,800
bales. For immediate delivery the total sales foot
up this week
20,895 bales, including 10,119 for export, 10,012 for consumption,
264 for speculation and —— in transit. Of the
above, — bales
were to arrive.
The following are the official
quotations an d
sales for sach day of the past week.
ct>
-q
M M
t:
ward
.
_
_
£ ©rf-5*
C5 u< m
while the home demand for cotton at this point has been brisk
—all tending to promote an advance in futures.
But the up¬
•
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M
P
fip
S;
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—.
n '
Crq
•
05
I
delivery during the past week, and prices
have had an upward tendency.
Crop accounts, though im¬
proving, have not been good; the falling off in our exports and
in the visible supply of American cotton, and an active trade
at Manchester, have caused an improvement at
Liverpool,
Middling
Pi
I
>—
fair degree of activity to the speculation in
UPLANDS.
(-•X
.
StJ
©*
co
cotton for future
June 3 to
June 9.
;
©
W
7* if
9,049
7,993
234 934
3
3 ©r^p-'*
ft
7,0-17
8,^00
8,900
SB
cn
c
05
SB S-H
r+
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•
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to-i
.
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There has been
p rt-'*
■
©
297
3,713
^
•
Leaving
Ooast-
3
®»i
n
Shipboard, not cleared—for
Other
O ®
S’ ® ® ©
**
:
On
665
Deliv¬
eries.
200
200
300
300
200
1,200
•Inoludos salesm September, 1881. for September, 314,000:
Septemer-Ootober for Ootober. 416,400; September-November for
11,200; September Deoeraber for December, 1,479,100 p November,
September,
for January, 4,252,500; September- February for February,
,230.100; September-March for Maroh, 4.411,100: Septomber-Aprll,
for April, 3,533,800; Septembor-May, for
May, 3,295,800.
Transferable Orders—Saturday, 12 05c.; Monday, 12’10o.;
Tuesday,
12’20c.; Wednesday, 12*20c.; Thursday, 12*20c.; Friday, 12-15o.
Short Notices, for
Juno-Saturday, ll*97‘911’99c.; Monday, 12 059
12‘07c.; Tuesday, 12*08® 12-16c.
The following exchanges have been made during
the week:
*09 pd. to exoh. 200 June for July.
•09 pd. to exch. 100 July for Aug.
•09 pd. to exch. 100 July for
•21 pd. to exoli. 200
Aug.
Sept, for July.
•09 pd. to exoh. 300 July for Aug.
Even 100 Oot. for Jan.
•10 pd. to exoh. 500 Jul^ for Aug.
•09 pd. to exoh. 1,000 July for Aug.
•18 pd. to exch. 100 June for Aug.
The VisiLijE Supply of Cotton, as made
up by cable and
telegraph, is as follows. The Continental stocks are the figure*
of last Saturday, but the totals for Great Britain and the
afloat
for the Continent are this week’s
returns, and
* anuary
consequently
brought down to Thursday evening; hence, to make the totals the
complete figures for to-night (June 9), we add the item of export*
Thi Sales and Prices op
Futures are shown by the follow- from the United States, including in it the exports of Friday only:
1882
1381
1880
1879.
comprehensive
table. In this statement will be found the Stock at Liverpool
bales. 998.000
904.000
797.000
591,000
market, the prices of sales for each month each day, and StOOk at London.
71,500
43.400
51,100
37,500
bids, in addition to the daily and total sales
Total Great Britain stock
ouato that
on
are
aotualiy delivered the day pre-
whioh they are reported.
^
1,009,500
952,400
848.100
628.500
Total
87,100
4.310
2,250
33.000
45,700
42.000
3.000
3,000
28,500
6,500
50,400
41,600
5,520
16.100
1,360
2,350
9,480
45,100
33,500
1,250
21,600
2,430
10,900
359,700
225,660
236,150
..1 ,294.020 1,312,100 1L,073,760
864,650
321,000
203,000
12.000
225.565
32,429
780
224,520
392,000
177,000
32,000
422,690
72.116
Egypt,Brazil,&c.,aflt for E’r’pe
Btook in United States ports ..
Btook in U. 8. interior ports...
311.000
333.000
24,000
375,000
35,000
427.284
340,016
115,038
7,000
99,428
8,200
500
107,000
177.000
422.690
72,116
.
.
.
.
684,000
253,000
375,000
427,284
98,423
8,200
12,000
.
-
528,000
159,000
338.000
340.016
115,038
7.000
.
..
..
14
«i
*1
41
38
1882.
61.916 286.233 309.513 253,018
54,035 279,831 294,608 233,182
44.407 272.968 277.350 215,944
33.229 259.S3S *61,599 201.747
29,800 239,175 i4L.19S 180.281
33,606 220.890 225.820 157.836
45.535 34,423 902.216 215.253 143.327
49,150 25,881 189,763 194.602 127,630
42,415 29,864 172.823 174,809 115,435
39,851 13,98L 153.947 147.473 104,018
32,642 15,950 140,127 186.470 93.585
1880.
1881.
1882.
38,659
82,703
03,009
68,438
31.141
40,991
30,480
25,255
33,599
27,22*
50.828
19.03*
16,550
40,317
12.573
32,351
8,334
11,161
0,987
84.968
19.914
12,183
28,559
22,562
10,184
9.515
2,564
9,854 21,639
5,517
2.217
5,433
24.636
•4
18
26.514
44
36
23.704
456.000
198,000
203.000
June 2
23,874
18,580
225,565
32,429
The above statement shows—1. That the total receipts from the
plantations since Sept. 1, in 1881-82 were 4,610,482 bales; in
1880-81 were 5,665.016 bales; in 1879-80 were 4,890,462 bales.
2. That, although the receipts at the out-ports the past week
were 15,624 bales, the actual movement from plantations was
only 5,433 bales, the balance being taken from the stocks at
the interior towns.
Last year the receipts from the planta¬
tions for the same week were 2,312 bales and for 1880 they
were 2,217 bales.
500
135 god
37.500
220,000
48.400
117,520
106,700
266,000
269.000
51,100
66,660
311,000
35,000
24,000
38,15
321,000
12.0 0
696,100
721.700
543.650
.1,005,020
Total East India, <feo
44
1881.
25,601
71,500
392,000
32,000
.
April 7
18S0.
5
392.000
..
31
1882.
St’k atlnterior Towns. Rec'ptsfrom Plant’ru.
12
..1.396,806 1.845,912 1,487,054 1.115,494
Indian,Brasil, die
Bast
53,419 93,090
47,393 78,514
37,323 85,090
3b,910 66.579
33.714 60,718
30.853 47.729
Mch. 24
41
1891.
1830.
Porte.
PLANTATIONS.
44
1,659.144
as follows
supply
2,401,826 2,542,012 2.208.814
Of the above, the totals of American and other descriptions are
606,000
Receipt* at the
Week
9,250
Total visible
..
RECEIPTS FROM
tndino—
286.000
12,000
to-day..
In reply to frequent inquiries we will add
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 out-ports.
F
like the following.
that these figures,
400
1,320
15,100
Total European stocks..
India ootton afloat for Europe.
Amer’n cotton afloat for Eur’pe
American—
Liverpool a took
*
116,000
207,000
4,000
23,000
1,800
28,500
continental ports....
United Stctes exports
187»
1880.
1881.
1882.
139.000
2.930
Btook at Havre
bales.
Stock at Marseilles
■took at Barcelona
Stock at HamDurg
Btook at Bremen
Stock at Amsterdam
Btook at Rotterdam
Stock at Antwerp
Stock at other oonti’ntal ports.
-
[VOL. XXXIV.
THE CHRONICLE.
666
.1,396,806 1,845,912 1.487.051 1.115,494
Max
44
8
....
Amount of
29,432
15,0241 123.704 109.880
Cotton in sight
83.3P4
9,174
4,888
s.eeo
2.342
June 9 —In the table below
plantations in another form, and
June 1, and
date,
so as to
jc»rloe Mid. Upl., Liverpool
G3ia<L
7d.
The imports into Continental ports this week have been give substantially the amount of cotton now in sight. We shall
continue this statemiut hereafter, bringing ic down to the clofce
84,000 bales.
The above figures indicate a decrease in the cotton in sight of each week.
1880-81.
1881-82.
to-night of 140,186 bales as compared with the same date' of 1881,
an increase of 193,012 bales as compared with the corres¬
5,594.474
bales. 4,572,513
ponding date of 1880 and an increase of 742,632 bales as com' Receipts at the ports to Juue 9
70.542
37,969
Interior
excess of
Total American
00. Cl co, 2,542.012 2,203,814 1,659,144
ci -f o
receipts
week, and
At thb Interior Towns the movement—that is the
for the week and since Sept. 1, the shipments for the
the stocks to-night, and the same items for the
corresponding
period of 1880-81—is set out
in detail in the following statement:
H
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COO'^OtOCOO’tOCO-lWi^ODO’QDOOCOO
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ST
It
*
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O’O^JMCCCU.^IM^IOSOCO-OO — onosto
to O’ K) O CO O'
June 9
5,665,016
498,632
190,000
5,275,815
6,353,648
in sight
The
crops
are
promising.
has
The thermometer
reached
ranged from 69 to 86, averaging 75, and the rainfall
one inch and seventy-six hundredths.
DaUas, Texas.—We have had no rain during the past week.
Crop accounts are more favorable. The thermometer
averaged 72, the highest being 90 and the lowest 53.
Brenham, Texas.—It has been showery on one day of the
past week, the rainfall reaching fifty hundredths of an
The fields are clear of weeds and crops are prosperous. Average
thermometer 76, highest 92 and lowest 59.
Palestine, Texas.—We have had a slight drizzle on one day
of the past week.
All crops are quite favorable. The
mometer has ranged from 59 to 86, averaging 72, and the rain¬
fall reached five hundredths of an inch.
ha*
inch.
&
o ”
m
aw
COCO
to
to C0 CO to to
^ *5'
3
uooco©.©»MCco'coaocotoc-i^i<Jo:
to
Total in sight
4,610,482
441,333
224,000
during the past week has been small. The temperature has
been low in many sections, which has retarded to some extent
the rapid development of the plant.
Otherwise crop accounts
are quite satisfactory and those from Texas especially so.
Galvestofi, Texas.—It has rained tremendously on three
days of the past week, but it was confined to the immediate
coast line. The rainfall reached six inches and eighty-one
hundredths. Crops generally are, doing well. The ther¬
mometer has averaged 78, ranging from 70 to 85.
Indianola, Texas.—We have had hard showers on four days
of the past week, but they extended only a short distance
®
05
Total receipts from plantations
Net overland to June 1
Southern consumption to June 1
general the rainfall
i4
?*
•
bept. 1 on June 9..
It will be seen by the above that the decreiwe in amouut
to-night, *s compared with last year, is 1,077,333 bales.
Weather Reports by Telegraph.—In
©
9
give the receipts from
add to them the net overland movement to
also the takings by Southern spinners to the same
stocks in
pared with 1879.
B
we
ther¬
?r£-
J?
HuntsviUe, Texas.—The weather lias
during the past week. Crops are good.
averaged 75, ranging from 60 tt> 89.
KS
CXj®
o
2C
Weatherford,
been warm
and dry
The thermometer has
- .
Texas.—We have had warm and dry weather
favorable. Average
*5'
Belton, Texas.—It has been showery on one day of the past
week. Crops of all sorts promise well. The thermometer has
ranged from 59 to 90, averaging 75.
p m
to pptoto WjKjfe-O
pp M
OC
Luling, Texas.—We have had a shower on one day of the
V
to50
O’O CO
OCrfi-O’toOMCOCOOJMO’CaoM^lCDCiCOM
past week, which, although not needed, has done no harm.
The rainfall reached forty hundredths of an inch. All crops
only the net receipts at Louisville. The total gross receipts
about as promising as possible. The cotton plant is well
there since September 1, 1831. have been about 285,000 bales, against
advanced in growth and looks strong and healthy. 1he
about 239,000 bales for same time last year.
thermometer has averaged 77, the highest being 89 and the
t This year’s flgures estimated.
*
The above totals show that the old interior stocks have de¬ lowest 64.
New
Orleans,
Louisiana—It
has
rained
on
four
days
“
creased daring the week 9,489 bales, and are to-night 26,312
bales less than at the same period last year. The receipts at the past week, the rainfall reaching one inch and thirty Hun¬
dredths. The thermometer has averaged 74.
O’
1°
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a "to co
cocccj'^coMO'tf^cccosi'O’CCO’Orototooi
c;ooDc;o’^aLtctoo’OCocooOte--4Coco
MM
CO
CO 05
Vio-im^i
to to co <1 m O’O’x O' to
during all of the past week. Crops are
thermometer 71, highest 90 and lowest 54.
s
5 Oq
o
MCJ
to
CO^lO’M'-tCO
K)
O' M co
od
<x ct to oc
-
to (KOC 10 to iK
C.- A o M
CO COCOOl C5
O 00 ro -0 CD
These are
to
c OC O M CO © K) '4 CD tO
m?t
o
are
,
bales less than the same week
Shreveport, Louisiana.—In general the weather has
and since Sept. 1 the receipts at all the towns are
fair during the past week, with a light rain on the 7tn.
551,612 bales less than for the same time in 1880-81.
Receipts from the Plantations.—The following table is comparatively low temperature is unfavorable to cotton,
thermometer has ranged from 59 to 91, and the rainfall rea
prepared for the purpose of indicating the actual movement each two hundredths of an inch.
week from the plantations. Receipts at the ontports are some¬
Vicksburg, Mississippi— Telegram not received,
times misleading, as they are made np more largely one year
Columbus, Mississippi.—It has rained on one day urn
than another, at the expense of the interior stocks. We reach
the past week, the rainfall reaching eighty-five
therefore, a safer conclusion through a comparative statement
the
same
towns have been 7,561
Dee
last year,
hundreds
*
THE CHRONICLE.
1868.J
June 10,
667
The thermometer has averaged 72, the highest being larger proportion of sand and
dust than ever known before
lowest 52
have been common
complaints
of this year’s crop, and have
Little Rock, Arkansas — It was cloudy on Wednesday, and caused a sensible
reduction of the vain© of a material
portion
the remainder of the past week has been fair to clear with rain of it.
on two days.
The rainfall reached sixty-tnree hundredths of an
Liverpool Cotton Exchange.—On March 18 last we
inch. The past thre9 days have been warm and very advan¬
announced
that
the New York Cotton
tageous for crops and reports are favorable.
Exchange had been advised of the
Average ther¬
mometer 68, highest 84, lowest 53.
organization on March 5 of a Liverpool Cotton
Exchange, which
Memphis, Tennessee.—We have had showers on two dayi expected to be ready for business on or
about June 1.
We
of the past week, the rainfall reaching thirty-nine hundredth]
expressed the hope that some compromise might be
of an inch. The thermometer has averaged 69, the
arranged
highest with the Liverpool Cotton Brokers’ Association, to enable both
being 85 and the lowest 55.
bodies to work
Nashville, Tennessee.—It has rained on one day of the past on March 25 totogether harmoniously, but the latter decided
expel any of their members joining or even
week, the rainfall reaching eleven hundredths of an inch.
employing
a person who was a member of the new
The thermometer has ranged from 51 to 83, averaging 66.
Liverpool
Cotton Exchange.
Mobile, Alabama.—The early part of the past week the
It is said that efforts have since been
made to effect an under¬
weather was clear and pleasant, but during the latter
portion standing in order to unite the two
corporations, but that thus
it has been showery on three days.
The weather has been too far they have been unsuccessful.
cold. Accounts from the interior are
We notice, however, that the
conflicting; the fields
opening of the Liverpool Cotton
are clear of weeds, but plants are backward in some
sections, Exchange has been put off to the end of
Jane, time being thus
otherwise the crop is developing promisingly. The thermom¬
given for farther deliberation.
eter lias averaged 74, ranging from 66 to 9*5, and the rainfall
As a union appears to be in the interest
of both parties, not
reached seventy-two hundredths of an inch.
only as regards regulation of all trading, but also with
Montgomery, Alabama.—It has rained on two days of the to
repect
expenses, it would seem almost certain that this end will
pa st week and the remainder of the week has been cloudy but
ultimately be reached, even though deferred for the present.
pleasant. The rainfall reached eleven hundredths of an inch.
European Cotton Consumption to June 1.—We have
The thermometer lias averaged 72,
received
ranging from 60 to 88.
Selma, Alabama.—It has rained lightly on one day of the by cable to-day Mr. Ellison’s cotton figures
brought down to
past week, the balance of the week being pleasant. The J une 1. The revised totals for last
year have also been received,
nights have been cool. The thermometer has averaged 69, and we give them for
comparison. The takings by spinners in
and the rainfall reached ten hundredths of an inch.
actual bales and pounds have been as
Madison, Florida.—Telegram not received.
follows:
Macon, Georgia.—We have had rain this week, but not
From Oct. 1 to June 1.
Great Britain.
Continent.
Total.
enough to do much good. The thermometer has ranged from
56 ty 84, averaging 71.
For 1881-82.
Columbus, Georgia.—The early part of the past week was Takings by spinners...bales
2,360,720
2,023,210
4,383,930
clear and pleasant, but during the latter
portion it has been Average weight of bales....
433
425
429
raining. The rainfall reached twenty-six hundredths of an Takings in pounds
1,021,191,760 859,861,250 1,882,056,010
inch. The thermometer has ranged from 66 to
80, averaging
For 1880-81.
74:
an
inch.
91 and the
Savannah, Georgia.—We have had rain
on
two
ut partially
weekfifteen
East
week, andcloudy.
the remainder
of the
has been
pleasant
The rainfall
reached
hundredths
of
an
inch.
Average thermometer 76, hightest 87 and lowest
62.
Augusta, Georgia.—We have had light rain
Takings by spinners., .bales
weight of bales....
Takings in pounds
days of the Average
,
2,152,020
1,995,400
4,147,420
452
972,713.040
436
444
869,994,400 1,842,707,440
in
against
day of
the past week, and the remainder of the week has
been pleas¬
ant and favorable. Accounts are not as
good as they should be;
the stand is only fair, and in some sections it
is
on one
reported that
grass is becoming troublesome.
Grain is
and promises a large yield. The thermometer developing well
has ranged from
57 to 88, averaging 73, and the rainfall
reached two hundredths
of an inch.
Atlanta, Georgia.—It has rained on one day of the past
week, and the rainfall reached nine hundredths of an inch.
The weather is too cool for cotton.
Average thermometer 99,
highest 80 and lowest 56.
Charleston, South Carolina.—We have had showers on
three days of the past week, the rainfall
reaching fourteen
hundredths of an inch. The thermometer has
ranged from 63
to 87, averaging 75.
The following statement we have also
received by telegraph,
h
af
/I
4- O
showing the lininclif
hei, fht of fthe
at the points named
rivers
at 3 o’clock
June
lAWirifT
a
8, 1882,
an
rinnwa
a
m a wi a
a
June 9, 1881.
June 8, ’82. June 9, ’81.
Feet.
2
32
13"
19
41
New Orleans....
Memphis
Nashville
Shreveport
Inch.
6
2
7
5
5
Feet.
2
16
3
20
33
Inch.
8
4
3
10
11
Vioksburg:
New Orleans reported below
high-water mark of 1871 untn
Sept. 9, 1874, when the zero of gauge was changed to
high-water
mark of April 15 and
16,1874, which is 6-lOths of a foot above
1871, or 16 feet above low-water mark at that
point.
New York Cotton Exchange.^—The three
month since October 1, all reduced
to bales of 400 pounds each
for this season and last season. It is
a very convenient and
useful summary.
Oct. 1 to June 1.
Bales of 400 lbs. each.
000s omitted.
Fielding, President.
Siegfried Gruuer, Vice-President.
W. T. Miller, Treasurer.
Thomas Scott,
B. R. Smith,
Mayer Lehman,
J. H. Hollis,
B.
H. Baldwin,
Henry Hentz,
Contir
nent.
265,
469,
27,
271,
112,
139,
129,
400,
232.
734,
512,
298,
264,
241,
216,
539,
480,
81,
363,
141,
308,
2.2,
671,
34,
314,
25,
237,
59,
551,
444,
280,
449,
893,
541,
348,
264,
262,
261,
610,
480,
Takings in December.
164,
338,
189,
307,
352,
645,
84,
332,
Total supply
Consumption in Dec..
502,
350,
495,
261,
997,
611,
466,
377,
319,
276,
Spinners’ stock Jan. 1
152,
261,
234,
253,
386,
514,
117,
269,
241,
218,
510,
413,
280,
487,
232,
900,
512,
386,
272,
342,
218,
728,
490,
255,
242,
388,
114,
289,
124,
525,
313,
238,
602,
497,
232,
913,
512,
403,
270,
437,
230,
840,
500,
207,
340,
645,
Spinners’ stock Oct 1.
Takings in October...
Total
supply
Consumption in
Oct..
3pinners’ stock Nov. 1
Takings in November.
Total supply;
Consumption in Nov
Spinners’ stock Dec.
.
1
J. L.
Geo. E. Moore,
P- A. Fachii
i,
K. M.
Murchisen,
JFr*
Wafcts
following were
t
was
introduced
Montgomery.
pc,’ Louisiana.
'
t
a. h:8c1haer, Bremen.
vr
wtucken, New
Board
of
Orleans.
elected, but declined
as
to serve.
visitors this week :
I G. D. Fischer, St. Louis,
| Joseph Guild. Boston,
I B. J.
|
The
Fallon, St. Louis.
A. Cary, Kentucky.
Managers are about distributing a circular let¬
ter
through the cotton-growing districts
care in
recommending greater
ginning and cleaning. Deterioration of staple and a
,
240,
133,
361,
280,
373,
133,
Total supply
Consumption in Feb.
416,
280,
Total.
216,
46,
331,.
101,
Total.
130,
713,
843,
625,
136,
265,
401,
133,
418,
337,
755,
335,
554,
350,
602,
1,156,
468,
Mar.
517,
290,
640,
337.
272,
Spinners’ stock Apr. 1
Takings in April
261,
312,
270,
516,
531,
131,
265,
245,
263,
376,
Toti& supply
Consumption in April
465,
280,
582,
1.047,
542,
396,
262,
284,
508,
238,
904,
52£
Spinners’ stock May 1
Takings in May
185,
295,
320,
300,
505,
595,
112,
270,
306,
351,
382,
657,
Total supply
Consumption in May.
480,
280,
620,
236,
1,100,
516,
418,
272,
621,
232,
1,039,
504,
Spinners’ stock June
200,
384,
584.
1 16.
389,
535,
Consumption in
Macaulay,
25,
336,
283,
1
Total supply
William King,
J. W. Williams.
nent.
1
Spinners’ stock Mar.
J. Yeoman,
James F. Wenm an,
Spinners’ stock Feb.
.
Britain
Takings in February.
Takings in March
James Swann,
Conti¬
Great
Eddy,
M. B.
Great
1880-81.
Britain
applicants for mem¬ Takings in January..
bership referred tp last week have been duly elected since,
Total supply.
namely, Mr. Abram E. Bamberger, 35 William Street, Mr. J. E
Consumption in Jan..
132 Pearl Street and Mr. J. L. Rosenheim of L. Rosen¬
heim & Sons,
Liverpool, England. One seat is posted to be
transferred. The election of a new Board of
Managers, held
on the 5th
inst., resulted as follows:
1881-82.
1
204,
,
H
.
310,
985,
609,
528,
THE CHRONICLE.
668
[Vau XXXIV.
t This
statement shows that the receipts sinoe Sept. 1 up to
comparison with last year is made more striking by
bo-night
are pow 1,016,977 bales less than they were to the same
bringing together the foregoing totals, and adding the average
day
of the month in 1881 and 203,572 bales less than they were
weekly consumption up to this time for the two years.
to the same day of the mont^h in 1880. We add to the table
the percentages of total port receipts which had been received t o
1880-81.
1881-82.
June
The
1.
Oct. 1 to
Bales of 400 Ids. each.
OOO8 omitted.
Croat
Conti¬
Britain
nent.
Total.
Britain
nent.
Total
139,
4,606,
4,970,
4,330,
2,458,
2,287,
1,898,
4,745,
4,210,
581,
140,
4,705,
2,580,
2,380,
2,390,
2.000,
21)0,
384,
2.312,
June 9 in each of the years named.
India Cotton Movement from all
70,0
70,0
70,0
58,0
58,0
53,0
70 O
58 0
In February
In March
70,0
70,0
In .April
70.0
In May
70.0
58,0
58,0
59,0
59,0
In TWv>ftmhp.r
The
128,0
128,0
128,0
128,0
128,0
128,0
129,0
66.0
129.0
68,0
foregoing shows that the weekly
54,0
54,0
54,5
66,0
08,0
63,0
68,0
67,5
68,0
54,5
54,5
54,5
56,0
58,0
120,0
120,0
122,5
122,5
122,5
122,0
124,0
126.0
consumption in Europe
is now 129,000 bales, of 400 pounds each, against 126,000 bales
last season, and that the stocks at the mills are still in excess of
although the difference is much less than last month.
New Cotton Exchange Site.—Several properties between Pearl
And Beaver Streets, fronting William Street, have been agreed
upon for the erection of a new Cotton Exchange, and the titles
are now under examination.
The particulars as to price, &c.,
given by a contemporary, we understand are not correct.
The First Bloom.—From the New Orleans Picayune of the
4th iust. we take the following: “Messrs. V. & A. Meyer & Co.
Bend us a cotton bloom, the first of this season, on Tiger Bend,
Avoyelles Parish. It comes from Mr. M. Haas, accompanied by
the remark that there is a favorable prosp.-ct of a good harvest.”
Jute Butts, Bagging, Etc.—The market is quiet and only a
jobbing business is being done. Buyers are indifferent and will
scarcely take a large quantity even when concessions are made.
Prices are about steady and holders continue to quote 7?4'p. for
1% lb., 8/£c. for l/£ lb., 9^c. for 2 lb., and 10}sc. for standard
grades, but we hear that good buyers can obtain goods at a
shade under those figures. Butts are in the same position and
prices are nominally unchanged, but the feeling is easy in the
absence of large transactions. There have been sales of some
1,000 bales in lots, and for these 2^@2 13-10c. were the figures
paid for paper qualities, while bagging grades are held at 2}£
fg)2%c., with some sellers naming up to 8c.
Comparative Port Receipts and Daily Crop Movement.—
A comparison of the port movement by weeks is not accurate
as the weeks in different }Tears do not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named.
The movement each month
since September 3, 1881, has been as follows.
a
Gonti-
Great
BriVn.
Monthly
Beceipts.
1830.
1881.
93.491
639,20 ’
578,533
822,493
236,868
675,200
901,392
900,11!
787,709
October..
837,349
908,318
Novemb’r
951.078 1,006,501
942,272
779.237
DeoembT
983,440 1,020,802
571,701
543,912
572,728
291,992
470.532
257,099
284,240
147,535
190,054
113,573
950.401
893,004
613,727
500,924
303,955
167,439
84,299
January
February
.
March...
April....
May
458,478
647,110
447,91201,913
153,025
110,00m
689, G1C
472,051
340,525
197.905
96,314
500,080
449,080
182,937
100,194
68.939
Britain
nent.
Receipts.
This
Total.
Week.
Since
Jan. 1.
463.000 1,111,000 63,000 1.433,000
628.000 46.000
411.000
975.000
700,000 43.000
401,000
944.000
266.000
477,000 27,000
685,000
According to the foregoing, Bombay appears to show an
compared with last year in the week’s receipts of 17,000
bales, and an increase in shipments Of 20,000 bales, and the
shipments sinoe January 1 show an increase of 483,000 bales.
The movement at Calcutta, Madras, Tutioorin, Carwar, &c., for
the same week and years has been as follows.
increase
TUTIOORIN. CARWAR. RANGOON AND KURRACHEB.
CALCUTTA. MADRAS.
Shipments since January 1.
Shipments this week.
•
Ysar.
Great
Conti¬
Britain.
nent.
1882
2,000
3,000
4,000
3,000
4,000
Total.
5,000
*
1881
1880
1879
7,000
13.000
Great
Conti¬
Britain.
nent.
211,000
133,000
168,000
1-23,000
109,000
326.000
60,000
63,000
78,000
193,000
231,000
201,000
Total.
The above totals for this week show that the movement from
the ports other than Bombay is 5,000 bales more than same
week last year. For the whole of India, therefore, the total
ments this week and since Jan. 1,1882, and for the corresponding
weeks and periods of the two previous year3, are as follows.
ship¬
EXPORTS TO
EUROPE FROM ALL INDIA.
1830.
18.81.
1882.
SHvments
Europe
from—
This
week.
Since
Jan. 1.
27? is
week.
Since
Jan. 1.
44,0(K) 1,111, OOO
5,000 320,000
24,000
023,000
20,000
700,000
193,000
7,000
231,000
49,000! 1.131,000
24,000
621,000
33,000
931.000
to alt
Bombay
p’rts.
All other
Since
Jan. 1.
Th is
week.
Total
This last statement
affords a very interesting comparison ol the
week ending June 8 and for the three
total movement for the
years up to date, at all
India ports.
Receipts and Shipments.—Through arrangements
with Messrs. Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movements
Alexandria
we have made
of cotton at Alexandria, Egypt.
and shipments for the past wees
of the previous two years
Alexandria, Egypt,
June 8.
Receipts (cantars*)—
Exports (bales)—
To Liverpool
3,004
1.500
2.757,500
Since
Th is
week.
2.500
3.203.500
Sinie
Since
1 This
Sept. 1. j week. Sept. 1.
.
1,250 234.000
2,000 17 4,871
139.032|
3,5 On 417,571
1,254 373,632
...
Europe
is 98 lbs.
Total
Sept. 1.
1.509 242,700
To Continent
1379-30.
1880-31.
2.° 31 72<1
This
week.
*
The following are the receipts
and for the coiresponding week
1331-82.
1870.
283,81-
333,043
883,192
425.7 i 0
Bept’mb’i
Conti¬
"
This week....
Since Sept.. 1
1877.
1878.
Great
1882 18.000 20,000 44,000 648,000
1881 10,000 14,000 24,000 217.000
1880 8,000 18.000 20,000 299,000
1879 25.000 25,000 50,000 211.000
Beginning September 1.
1879.
Total.
neyit
year,
Tear
SHIPMENTS FOR FOUR YEARS.
Shipments since Jan. 1.
Shipments this week.
Year
00s omitted.
In November
us,
BOMBAY RECEIPTS AND
535,
389,-
Weekly Consumption.
In October
Ports.—The figure^ which
and forwarded by cable each Friday, of
the shipments from Calcutta, Madras, Tutioorin, Carwar, &c.
Enable as, in connection with our previously-received report from
Bombay, to furnish our readers with a full and complete India
movement for each week. We hrst give the Bombay statement
Cor the week and year, bringing the figures down to June 8.
collected for
are now
112,
2,175,
2-10,
2,150,
Bplnrers’ stock June 1
Conti¬
27,
2,431,
205,
25.
Spinners' stock Oct. 1.
2,555,
Takings to June 1.. ..
Supply
Consumption
Gi'eat
1,500 287.500
171,994
.
.
1,540 459,494
A oautar
ending
all Europe
This statement shows that the receipts for the week
June 8 were 3,000 cantars and the shipments to
were
3,500 bales.
Manchester Market.—Our report received from Manchester
to-night;
states that prices have advanced pn both twists
Perc'tage of tot port
90 67
9055
93 78
shirtings, and that business has been checked. We give the
91*94
94 47
reoelpte May 31
prices of to-day below’, and leave previous weeks’ prices
This statement shows that up to May 31 the receipts at the comparison:
1881ports this year were 997,602 bales less than in 1880-81 and
—— X go!
197,065 ba]es less than at the same time in 1879-80. By adding
Cotl’n
Colt* a
8*4 lbs
Mid.
32* Cop.
to the above totals to May 31 the daily receipts since that time
8*4 lbs.
32s Cop.
Alii.
Shirtings.
heist.
Upldi
Twist.
we shall be able to reach an exact comparison of the movement
Shirting 8.
Upl !s
Total year 4,551,808 5,549,410 4,748,873 4,392,277 4,190,104
3,903,725
and
for
.
..
1
for the different years.
d.
d.
1881-82
1880-81.
1879-80.
1878-79.
1877-78.
1876-77
J*ne 1....
2.301
"
2....
2,720
41
3...
2,401
"
4....
M
5....
S.
2,050
5,370
3,9)5
6,351
5,812
S.
“
6....
3,327
4,790
«
7....
•
8....
2,245
2,002
2,935
0,129
3.306
41
9...
4,331
4,743,873 4,392,277 4,190.104 3,903,725
a.
2,694
3,731
2 002
3,249
2,041
4,569
1,880
2,310
1,041
1,557
8.
5,019
83J
2,691
2,913
1.743
8.
5
2,269
8.
2,350
1,351
1,254
8.
2,390
1.213
2.921
1,704
1,812
2,109
1,401
1,2,7
1,531
1,186
8.
2,309
1,572,513 5,589,490 4,776,085 4,403,391 1,200,835 3,917,230
Total
Percentage of totw
97-01
0901
96 87
95 49
95 1 *
•pm*?,
.Tijtjo ‘
u
9
938^10
!)3a#10
9^8 ^ 10
9^8^10
93ea>io
938^10
938^10
9*2 6)10*8
“
May 5
•<
12
19
41
44
26
Juno 2
<<
10
14
O]
“
.
Tot. My 31 4,651,803 5,519,41<
Apr. 7 9T](,® 10*6
r
9
a
s.
6
6
0
0
0
0
0
0
0
0
d.
s.
6 ©9
d
4*c®7 10*2
4*2 ®7 9
4*22)7 9
4 *2 d)7 9
4*a®7 9
4*2 ®7 10*2
4**®7 10 b
46a®7 10*2
6
6)8
d
0
0
6**10
0**io
0111G
05s
<1.
9
9
050
6»8
650
05q
63|
d.
fl.
97a 0
<x> 97h 0
8-h it 95* 0
8 Sr 6) 9 *a 0
653 ® 9*2 0
8®8 ® 9*2 6
8 58 ® 9 *2 0
®
858 (t> 9*2 0
8% ® 9*2 0
8~fl ft) 9*2 6
d.
h.
9
©8
US
9
5 *2 cb7
5 *2® 7
5*2 6>7
0*2® 7
5*2 ®7
5*2 ® 7
5 *2® 7
5 *3® 7
rt.
0
0
8*2
8*2
8*2
8*2
8-r
8*2
8*2
8*2
cotton from the
mail returns, have reached
1,940 bales. So far as the Southern ports are concerned, these
the same exports reported by telegraph, and published m
Shipping News.—The exports ot
tates the past week, as per latest
re
Chronicle last Friday.
iclude the manifests of all
ae
ight of this week:
With regard to New York, we
vessels cleared up to Wednesday
THE
1883.1
Jmre 10,
CHRONICLE.
669
Total bales,
IIBW vr»RK—To Liverpool, r>ersteamersBaltlo, 1,319...Batavia,
Celtic, 638 ...City of Parle, 593....Egypt, 1,567
Humboldt, 1,380. ...Nevada, 1,101
Ptolemy, 1,073
*’’’Wyoming, 414
To Hull, por steamer Sorrento, 1,600
To Havre, per steamer St. Laurent, 772.....
To Bremen, per steamers Lonau,
168—Habeburg, 1,123
..Ohio, 495
To Hamburg, persteamorsCimbria, 650—Herder, 50.
To Amsterdam, per steamer Nemesis, 600
nrw ORLEANS—To Cork, per bark Hiperion. 3,431
"
To Bremen, per bark Luigi Ruggiero, 1,303
To Genoa, per bark Maria Adelaide, 1,450
To Vera Cruz, per steamer Whitney, 430
Modilb-To Liverpool, per bark Clytie, 3,430
Baltimore-To Liverpool, per steamers
Caribbean, 499....
Tb a Lie more, (additional) 209
Hohenzollern, (additional)
Btrossburg, 2,191
9,388
1,600
follows:
are as
Cork
and
vool.
Hull.
1.6o0
Few York..
F. Orleans.
Mobile
Baltimore..
Boston
9,388
Philadelp’a
500
<£ Ham-
Havre,
burg.
772
2,486
1,303
3,431
700
500
3,430
708
.
«
1,303
1,450
772
6,180
500
1,450
Satur.
Mon.
Tues.
sail.-.d.
....
....
Havre, steam—c.
Do
sail
c.
Bsemen, steam.
Do
.c.
sail
c.
sail-.-d.
Amftt/d’m, steam.c.
Do
•
8ail...d.
....
.
....
6
IS*
....
....
....
5ia*
610*
....
....
516*
....
y
....
....
....
....
516*
....
510*
....
y
....
y
....
>
y
....
....
Baltio, steam—d. 3i&-13gF 316-13e44 316-13G4*
316-1364* 31S“1364’ 3ie.-13tJ4
Do
sail
c.
....
♦
....
....
....
....
Bales of the week
bales.
Of whioh exporters took
Of which speculators took..
68.000
11,000
1,800
42.000
14,090
Bales American
Aotual export
Forwarded
Total stock -Estimated
Of whio-i A Herman— Eatnn’d
Total import of cm3 weak
Of whio.a American
Amount atloat
;
Oi whioli American
Jims 2.
71.000
8,500
2.000
48,00c
13,500
94,000
6,40c
14,500
1.800
11,000
55,000
31,000
14,000
10,000
10,500
O'9,000 1,032,000
613,000
623,000
81.000
106,000
60,009
63,000
405,000
356,000
•18,000
99 L,900
609,000
92,000
33,000
429,000
11.000
9.800
998,000
600,000
55.000
34.000
326,000
170.000
130.00«;
89,000
70,000
The tone of the Liverpool market for
spots and futures each day of the
week ending June
9, and the daily closing prices of spot
cotton, have
been as follows:
Saturday M'mday
Spot.
Market, )
12:30 r.M
and
$
Wednes.
Firm.
0*8
Bale*
8.0!> »
Bp9G.&exp.
2,000
Tliursd'y.
Friday.
Harden’g.
Steady.
Active
Harden’g.
steady.
Mid.Upl’ds
fcna.OiTns
Tuesday.
Quiot
ami
firmer.
6*8
6*8
61-10
61113
678
67a10
12.000
2,000
61°13
20,900
18,000
4,0o0
15,000
4,000
3,000
01J18
12,900
2,000
6%
Futures.
Market, )
12:30
Firm.
p.m.^
Market, ) OfTorlrv.?
5 p.m.
(
Irea.
Quiet
out
Firm.
Steady.
Stoady.
Firm.
steady.
Steady.
Strong.
Quiet.
Barely
Steady.
The actual sales of
fut; ires
below. These sales are oil at Liverpool for the same week are given
the basis of Uplands, Low
aaleaa otherwise stated.
Middling claus.,
Saturday.
Delivery.
y
Jnue..637€4©38t}4©3064
Juuo-July
Delivery.
d.
July-Aug
64fn4
S42tJ4/x,4;j(,4
Aug.-Sopt.. 643o4@40<4
Sept.-Oot.. .t>4064<2>4i64
June
July-Aug..... ....C30,,4
-64^04 June-July
Aug-Sept...!! ....64764
July-Aug
640,4
...
Juue-July
July-Aug
d.
Aug.-Sopt
647,,4
629^4
Oct.-Nov
Monday.
•Jnne-Juiy
^Qn«-
Delivery.
JunenJuly ..G33(4'g,;w,u
<>40,4
8opfc.-Oct
Oct.-Nov.
64464
...
.044,4e4
/2'45i,4'g>i(3g4
Sept.-Got
648,-,,
644,.4
6^284
Nov.-Deo
June
629^4
043t4
Juue-July
Nov.-Dee
July-Aug
Aug.-Sept
Sept.-Oot
Wednesday.
Sept.-Oot..
645,,4 Aug-Sept
632<J4 Sept.-Oot
Juue-July ........643.,4 JunO..
Oct.-Nov
July-Aug...,
645^
clique
The
result
refuse
Oot.-Nov
.64364
645s4
6»o,;4
645u4
-.649^
64464
649CA
644ft4
t)l^4$^fl4
63 *64
to
excitement, especi¬
settle
and
call
for
the
has been that
regular contract No. 2
wheat, equally, if not more, valuable than No. 2
spring, has at
times sold there at 18 cents under
the price of that
grade,
simply because the bulls have got possession of all the No. 2
spring. The market here has responded to the advance in
a
ment.
certain extent, but there has been
little
the
or no
excite¬
To-day prices were firm on the spot, but options were
irregular, an early advance being followed by a reaction and
decline ; No. 2 red sold at $1
4S(a)$l 49% for June, $1 303^
@$1 31% for July, $1 21%@$1 22% for
August, $1 20%@
§1 21% for September and $1 20@$1
20% seller the year.
The crop advices have in some
instances been
some
unfavorable,
but in the main the outlook is
promising.
Indian corn has been irregular and
unsettled and at times
not a little excited,
owing to an active speculation. After fre¬
fluctuations, however, the figures current toward the
close show some decline for the week.
Corn has sympathized
with wheat to some extent, and the
weather advices from the
agricultural districts have at times been
unfavorable, but
latterly the prospect has improved and prices have been cor¬
quent
respondingly depressed. To-day vthe market was
irregular,
corn
being steady, while options were %@lc. lower; No. 2
mixed sold at 77%@78c. for
June, 78%@76%c. for July, 79%@
80c. for August and 80%e. for
September.
Rye has been dull and lower. Oats have been
fairly active
at irregular prices-; white on the
spot and mixed for future
have advanced
slightly within a few days. To-day the market
cash
firmer for early delivered.
June and 56%c. for
was
July.
No. 2 spring...
No. 2 winter
Superfine
Spring win-it extras..
do bakers'
Wifi. & Mini, rye mix.
Minn, clear and stru’t
Winter skipp’g extras.
do XX andXXX...
65
3 00 a 3 75
3 90a 4 80
4 85 a 5 75
6 50 3> 8 00
6 50a 7 25
6 oo
00 a 8 00
4 70®
703- 5 40
6 ooa 7 25
7 50® 9 75
Spring.per bush. $1 10
1 25
Spring No. 2
Red winter
Red
winter, No. 2
White
Cora—West, mixed
West. mix. No. 2.
Western yellow..
Western white...
Southern white..
Sou (hern yellow.
Rye—Car lots
Boatloads
No. 2 mixed Sdld at 58%c. for
FLOUR.
$ bbl. $2 90a 3
1 21
1 48
l
®i 32
®1 31
®i 5o^
25
75
®1 39
®
79 Lj
78*4 * 79 ^
85
90
90
85
City shipping extras. $6 55® 6 90
Southern bakers’ and
family brands
6 75® 7 90
Soutii’u aii ip’g extras. 5 75® 6 60
Rye floor, superfine.. 4 00® 4 40
Cora inoal—
Western, Ac
Brandywine.
Ac
Buokw’fc flour, 100lbs
3 90®
4 50®
4 50
4 55
a
GRAIN.
\ Data—
Wheat—
©4964@o<584 Sept.-Oct
Oct.-Nov
the
.b30t4
Tuesday.
641{,4@4204 Aug.-Sejit
as
Patents
—
quiet and still depressed. Winter
particularly weak as a large propor¬
sales have been moderate. Prices
show an advance for the
week, mainly owing to speculative
manipulations here and at
Chicago. The chief interest now centres in the
July option.
The rule recently
adopted at Chicago designed to prevent cor¬
ners in that
market, and by which a higher grade than the
one called for
by the contract can be delivered, if
mutually
agreed upon, has not prevented the clique there
from corner¬
ing the July options sold before the
adoption of this rule, and
to settle which
only No. 2 spring wheat can be tendered. To
further this speculation it is stated
that large
West to
Jutie 9.
46.500
S.
Friday, P. M.. June 9, 1882.
owing to unfavorable
European advices, the domestic trade has been
moderate, and to crown all, the receipts have continued quite
large.
To-day the market was dull and weak.
Wheat has been
fairly active on speculation, but the export
wheat.
....
Liverpool.—By cable from Liverpool, we have the following
statement of the week’s sales, stocks.
&c., at that port:
May 26.
Oot.-Nov
|
tion of the stock consists of
these sorts and the season is not
favorable for carrying this kind of flour. In
almost every case
fresh-ground flour, either spring or winter, is preferred.
The
export demand has been slow,
partly
ally
Compressed.
May 19
..64i>c4
648g4
64304
63204
shipments of
wheat to the East will
shortly be made at Chicago, to put it
out of the reach of the shorts.
The shipments from
Chicago
have, in fact, already begun at a rate that has
caused consid¬
erable covering there, and no little
B16*
....
*10*
....
.
Blb*
....
y
....
....
....
610*
....
y
Fri.
1132'2,3e* 1132©38
51S*
....
31,940
*8 ©Sis
...
ll32® 38' ri32®y
Hamburg, steam, d.
Do
Total.
14,746
6.614
3,430
Thurs.
Liverpool, Bteam d. 764®>532 7C4®>532 7e4 «>53S 764®)B32
Do
wheat grades have been
usual
onr
follows:
Wednts.
i.
64784
64984
63«e4
,..644€4 Aug.-Sept
62»C4 Sept.-Oct
The flour market has been
51,940
430
64584
....646^4 I
BREADSTUFF
708
600
5,031
......
d.
■
430
500
^
Juno...
6*564»44fl4 Sept.-Oot
3,430
3,099
3,551
Cotton freights the past week have beea
June
3,551
2,391
3,55 i
Total... 17.577
+
649^
d.
( Delivery.
Sept.-Oot.. .64484,®4384 | Juno
June-July ..64464©4564 | JiUy-Aug
Aug.-Sept
6’-064 i Aug.-Sept
Oot.-Nov
632,54 I Nov.-Deo
June-July ..64&04®44(34 Nov.-Dee
July-Aug
64«64 July-Aug
Aug.-Sept
649^
3,431
ter-
•
64564®46tf4
Delivery.
Friday.
2,391
Yera
dam. Genoa. Oruz.
500
430
1,450
..
1
1,786
Bremen Ams-
Liver-
©44^2)45 84
Aug.-Sept
200....
Total.
form,
July-Aug
772
tiAiiTON—To Liverpool, per steamers
Palestine, 1,138
Palmyra, 750 ...Victoria, 1,663
pipf.Any.LrmA—To Liverpool, per steamers British
King, 500...
The particulars of these shipments, arranged
in
d.
June. .643^-2)44^ ®4564
June-July
643«,
—
To Bremen, per steamers
Thursday.
Delivery,
a
®
®
®
®
841*®
88
95
95
88
86
Mixed
,58
White...'.
®
59%*
No. 2 mixed
No. 2 white
59
61
Barley—
Canada Nol
Canada bright
State, 4-rowed
State, 2-rowed
Barley Malt—
Canada
State, 2-rowed...
Btate, 4-rowed
..
*
a
*>
©
®
®
1 25
...
...
100
®1 38
®1 08
110
®115
! j
i
(From the “ New
York Produce Exchange
Receipts of flour and grain at Western
for the week ending June 3,1882:
bush.
(60 lbs.)
bbls.
<196 lbs.)
50.942
At—
Milwaukee..
69,904
...
488
Toledo
Detroit
HI
av
2,651
...
1,500
Aland
Bt. Louis
26,993
1,195
...
Peoria
Duluth
...
Total
22,705
26,330
19,393
11,730
611.116 2,346,232
157,178
fabrics have doubtless accumulated somewhat during the last
month or so.
Domestic Cotton Goods.—The week has developed a more
goods—some
export demand for cotton
active
satisfactory
delivery—and
including 1,378 to
very
orders having been placed with agents for future
the exports of the week were 3,586 packages,
China, 240 to Brazil, 198 to U. S. of
to
74
to Hamburg, &c. The demand by
Colombia, 96
Hayti,
jobbers continued moderate and almost wholly of a hand-tomouth character, and the piece distribution, though fair for
the time of year, was by no means active. Agents’ prices are
Great Britain, 1,298 to
1,000
110.482
12.509
535
89,450
12,160
11,200
738,779
74,707
42,908
34,000
3,500
...
lake and river ports
465,549
32,150
15,160
23,438
2,500
87,508 1,661,183
77,160
108,300
88.862
260,273
12,982
82,157
8,500
299,845
64,523
197,700
4,350
...
....
Weekly.")
Rye,
Barley,
Oats,
bush.
bush.
bush.
(32 lbs.) (48 lbs.) (56 lbs.)
Corn,
bush.
(56 lbs.)
Wheat,
Flour,
Chicago
[VOL. XXXIV.
THE CHRONICLE.
(570
S&mVtime ’81* i70,233 1,803,’504 §,’969.632 2,i80,962 . 82.i33 44.033 without quotable change, and all the best makes of plain and
Total receipts at same ports from Dec. 26, 1881, to June 3, colored cottons are steadily held, in view of the large demand
in sight. Print cloths were in moderate demand and steady at
1882, inclusive, for four years :
1878-79.
1879-80.
1880-81.
1881-82.
313-16c. for 64x64s and 3%c. for 56x60s, at which figures man¬
2,834,456
2,484,191
3,779,290
..bbls.
3,301,L13
Flour.
ufacturers are reluctant sellers. Prints remain quiet, and ging¬
25,765,471
20.610,541
18,148.728
Wheat
bush. 13,303,298
sluggish in first hands—were decidedly more
38,429,103
hams—though
62,919,487
40,945,577
Corn.
38,062.613
11,957,774
L
12,601,46
17,265,449
active with jobbers, the lately reduced prices having stimu¬
Oats
16,185.240
2,250,332
2,374,425
3,661.403
..
...
.
4,525,227
Bariev
Rye
1,369,167
1,009,921
758,825
986,292
73.062,670
lated their sale.
Goods.—There was a somewhat better
demand for men’s-wear woolens, but selections were individually
light and only moderate in the aggregate. There was a steady
movement in fall cassimeres, suitings, cheviots, &c., on account
1878-79. of back orders, and but few attempts to cancel orders were re¬
5,579,012
ported by manufacturers’ agents. Overcoatings were in moderate
80,782,982 99.545,833 79f77L847
Comparative receipts (crop movement) at same ports from
August 1, 1881, to June 3,1832, a3 compared with the pre¬
Total grain
....
vious three years :
r
.
.bblB.
1879-80.
1881-82.
1880-81.
6,785,912
7,453,420
5,703,942
71,345,571
78,906,544
103,640,017
26,024,716
10.237,169
3,832,607
81.8(54.237
Domestic Woolen
worsted coatings and cloakings; but the most
well sold up that prices are
9,292,078
Barley
maintained,
steadily
a
rule.
Kentucky
jeans were in moder¬
as
4,325,510
3,210,631
3,650,687
Rye.
ate demand, but prices continue low and unsatisfactory to pro¬
Total grain...
182,900,885 226.635,866 222,641,053 201,898.909
ducers, and the movement in satinets was light and irregular.
Exports from United States seaboard ports for week ending Flannels have received rather more attention from intending
une 3, 1882:
Rye,
Peas,
Oats,
Com,
Wheat,
Flour,
buyers, and there was a fair business in colored blankets; car¬
bush.
bush.
bush.
bush.
bush.
bbls.
From—
14,430
20.439
1,207
92,063
2H1.389
pets were less active, but steady in price, and there was an
47,995
New York
39,841
4,953
18,241
Boston
irregular but mostly sluggish demand for fall hosiery and knit
Portland
38,307,879
hush.
Wheat
97,094,668
32.000,725
11.846,926
Corn
Oats
9,976
Montreal
Philadelphia.
775
.
Baltimore
New Orleans..
2,210
ports,
ports
desirable fabrics of this class are so
79,107
3,462
4S4.574
238.443
2,111,053
1,371,99 L
underwear.
375
26,819
69,039
14,430 154,771
New York
Do. afloat (est.)
Oats,
Barley,
bush.
bush.
505,246
924,000
236,000
bush.
486
61
32.000
272,347
58.000
84.000
4 262
9,076
2,337,3*2
6!*,431
92,751
108,6-0
13,632
24*009
1,563,904 1,269,198
8,700
373,703
Albany
Buffalo
2.573,248
781.; 91
Chicago
Milwaukee
Duluth
Toledo
Detroit
Oswego
Si. Lou:s
4-.‘7>0i
109.336
75,000
Peoria
Indianapolis
Kansas City
Baltinvre
Down Mississippi.
On rail.....
On lake
On canal
...
May
May
May
May
June
3, ’82.
27, '82.
20.'82.
13, '82.
6, '82.
4, ’81.
560
3.682
1,030
645
110,759
29,871
164,770
9,613
31,915
16,993
62,626
89.723
126.121
6,300
348,733
39,200
43,297
116,625
104,213
532,879
562.222
411.000
781,24s
1,763,335
12,912
1,040,909
9,547,679
9,427.798
9,894.221
10,203,831
10.313.806
16,233,025
THE
16,507
9.915.011
9,294.180
8.158.139
8,551,281
8.897,941
42,783
”425
1,228
100,060
40,528
1,073
6,311
2.368
13,986
52,665
M73
118,834
13,200
50.000
71.676
63,956
125.260
450,852
111,553
(5,074
141,800
73.889
302.189
Philadelphia
bush.
190 8l3
29,661
31,960
4,840
241,845
215,810
110,668
Montreal
June
536.375
383.258
Boston
Toronto
Rye.
Com,
hush.
Wheat,
In store at—
2,312
10,839
2,052.108
2,261.975
1,896,678
1,873,675
2.063.033
10,501,456.5,5509,553
17,333
32,533
9i*562
986,718
the
Total
Cot n Wool
tO
to
00©
coo
M tO M M
w cn to -4
O1 to
© w © to —
M
r
Cn
cc to
©
to©
CO
M 00
00 V 0D O'
© M «4 X X
en © x cc co
— M cn © ©i
999,119
189,701
261,406 1,002.016
414,448 1.092.785
»
M
10 x.
1-
00
o
•
o
of
COW
tCM
MM
Li
Txco
bi
W-J
.
tow
-
4
© *4
©
*X
<©,KOO © M
©<icncn©
©
tO tO
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<JO<cn m-j
IOM©CW
to M to © -1
to © X x ©
^4 tO O' © X
©M
cc©
kO
<—•
cn
<10000
M M O. to
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which so much depends—can be
definitely ascertained. There is, however, a much better feeling
in the trade, and a renewal of activity in the not far distant
future is confidently expected in the best-informed quarters.
The season has so far advanced that seasonable goods were
lastly quiet in first hands; but the warm weather has developed
a slight improvement in the jobbing branches of the trade, and
retailers have been so actively employed in the distribution of
summer fabrics that they will soon be compelled to re-enter,the
market for fresh supplies. Values of the most staple fabrics
of domestic and foreign manufacture are steadily maintained,
and stocks are in very good shape as a rule, though certain
Total
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9, 1S82.
Flax Silk Cot n Wool
week
facts
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TRADE.
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287,506
Ent
Total
of—
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361,058
Flax Silk
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market. florcnsumpt.
port. forcusmpt.
at
-1
92.474
strictly moderate with the package houses
during the past week, in spite of the arrival of a good many
buyers for interior markets, and it has become evident that
operations in fall goods will be deferred until the actual condi¬
|Total Ent’d
13U.607 1,017.931
Business has been
of the crops—upon
Importations oi Dry Goods.
importations of dry goods-at this port for the
ending June 8, 1882, and since January 1, and the same
for the corresponding periods of 1881, are as follows:'
The
w
Friday, P. M., June
tion
usually witnessed at this stage of the season, and while business
was light with importers, the jobbing trade was only moderate,
save in a few specialties, which were in fair demand.
The
auction season is about drawing to a close, and it has been one
of the least satisfactory known for years past, importers having
been able to dispose of most of their goods without having
recourse to public sales.
to
DRY GOODS
have subsided into the quiet condition
Foreign Dry Goods
17,050
6,920
supply of grain, comprising the
follows:
Tot.
Tot.
Tot.
Tot.
Tot.
Tot.
request, as were
27.917,586
stocks in granary
principal points of accumulation at lake aud seaboard
and in transit by rail and water, Jane 3, 1882, was as
The visible
the
78,499.498
25,237
117,957
85,443
14,827
801
Total for w’k SO.Oul
Same time '81. 114,376
at
101,732,485
33,r'94,954
11,552.225
38, 631 ,061.95
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