Full text of Commercial and Financial Chronicle : June 11, 1881, Vol. 32, No. 833 [Copy 1]

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HUNT’S

MERCHANTS’

MAGAZINE,

& W je It I jj iMwispafle*,
representing the industrial and commercial interests of the united states.
(Entered, according to act of Congress, in the

VOL. 32.

year 1881, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.l

SATURDAY, JUNE 11, 1881.
CONTE NTS.
THE

621
622

The Financial Situation.

(Mrcnlation—How Held.
Is

an

CHRONICLE.

Debt

Antecedent

“
623
Value” 1
Railroad Earnings in May, and

from

Commercial 626

Commercial and Miscellaneous
News
628

January 1 to May 31..^624
THE

BANKERS’

Money Market, Foreign Ex¬
change, U.S. Securities, State
and Railroad
Stocks

Bonds

and

Returns

629

.

Exchange

630
THE

Commercial Epitome
Cotton

632

Investments, and State,' City
and Corporation Finances... 634

COMMERCIAL

developing until this spirit of enterprise shall have
infected and imparted new life to every
department.
The

favorable -and very conservative condition of all
trade is forcibly illustrated each week
by our New York

figures of imports and exports. The monthly statement
by the Bureau of Statistics, which we gave and
commented upon last week, brings down the results of
our
foreign trade for the whole country to May 1. Below
we give the New York
weekly figures since that date,
estimating the imports for this week, which will be pub¬
lished on Monday.

TIMES.

638 1 Breadstufts
638 ; Dry Goods

643

644

Imports.

%lie Chronicle.
The Commercial

and

day morning, with the latest news up to midnight of Friday.
[Entered at the Post Office at New York, N. Y., as second-class

matter.]

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j

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I3P A neat file cover is furnished at 50 cents; postage on the same is
la cents. Volumes bound for subscribers at $1 00. A complete set of
the Commercial and Financial
Chroniclk—July, 1865, to datecan be obtained at the office.

Week
1881.

ending—

1880.

6.... 10,605,789 11,872,362
7,402,387 9,480,455
“
20.... 8,928,936 11,678,699
“
27.... 8,600,722 9,982,497
June 3.... 4,455,215 7,316,695
“
10.... *7,000,000 11,945,215
“

13....

May
“

3....

6,911,596
7,123,664
6,014,041

10....

1880.

8,538,857

“

17....

“

24....

7,077,845

7,704,922
9,171,858
8,859,558

“

31..;..

8,317,641
6,617,107

8,042,822
9,240,630

June

46,993,049 62,275,923
*

1881.

ending—

May

6 10.

in London (including postage)

Exports.

Week

Financial Chronicle is issued every Satur¬

mail

833.

issued

GAZETTE.

Quotations of 8tocks and Bonds 631
Railroad Earnings and Bank

Range in Prices at the N. Y.
Stock

Monetary and
English News

NO

7....

42,061,894 51,558,647

Estimated.

In

April the New York exports represented about 43
per cent of the exports for the whole country and the
imports about 66 per cent. As the cotton movement from
the Southern States is smaller now, we may take the above
as representing say 48 per cent of the total
exports and 67
per cent of the total imports.
On that basis the trade of
the country for the six weeks ending June 10 would show
a balance on the side of exports of
The
over 17 millions.
same weeks of last year there was an adverse balance
following still less favorable figures for the previous
month.
With the conditions
trade of the country

as

to the

revenue

of the roads and

still continuing without material
THE FINANCIAL SITUATION
change, the influences most active in Wall Street from
In another column we
publish our railroad earnings for day to day have been current reports affecting special
last month. They show that the growth in traffic which roads or affecting freight rates.
For instance, it has
began with an increase of 3 per cent in May 1879, and been reported that some of ^ the trunk-line roads were
went up to 24
The
per cent over 1879 in May 1880, has now cutting under the schedule on East-bound business.
further advanced in May 1881, to 17 per cent over the stocks of the roads concerned were at the same time
corresponding month a year ago. It should be remem¬ pressed for sale. The fact is, that the trunk-line com¬
bered however, that this
year’s statement is on 14 per panies made provision last March for meeting such a
cent
larger mileage. But even with that qualification the contingency in the course of their business, agreeing that
result reached is remarkable.
whenever a “ cut ” was discovered and proved, the pool
This only illustrates what we have so often said, that the commissioner should have the authority, without notice, to
revival of our internal
This
commerce, which began in 1879, has order a reduction on all the lines to the cut rate.
by no means culminated, but is still in progress of develop¬ disciplinary measure was effective in April, when Jt was
ment.
In fact, a critical examination of all our industries resorted to for the first time.
The pool commissioner has
3hows great healthfulness
everywhere, but no considerable now again ordered a similar general reduction. This
expansion except in railroad building.
May we not, was done on Tuesday, and on Thursday afternoon it was
therefore, fairly expect our internal commerce to go_on reported that the road making the cut rate had agreed.
A




THE

622
to

CHRONICLE.

The movement to depress
aided to some extent by a slightly

conform to the schedule.

affected, was
increased activity in money, caused by the preparations
made by the Pennsylvania Company to pay for its

the stocks

pufchase of the Philadelphia ‘Wilmington & Baltimore
road.

One of the effects of this and other rumors

and facts

during the week, has been to make speculators
more conservative in their views, and the movement less
reckless than it was when purchases were liberally made
of almost anything that was for sale.
Doubtless, this

current

gentle check will result in a more healthy market in the
future, as it will, for the present at least, induce operators
to exercise a

little

more care as

to the class of property

they select.

[VOL. XXXII.
Received.

Receipts at and Shipments from N. T.

Shipped

$1,080,000

Currency

15,000

$‘270,000
115,000

$1,095,000

$385,000

Gold
Total

America, the specie depository of the
banks, has received $3,000,000 gold for the
new safe it has been building for the purpose and which
is now completed; it is anticipated that the safe will be filled
up by the middle of next week.
The Bank of England reports a loss of £17,500 bullion
for the week, and the Bank of France gained 3,175,000
francs gold and 887,500 francs silver.
The Bank of
Germany gained 1,891,000 marks. The following shows
The

Bank

of

associated

the amount of bullion in each of the
banks this week and at the

principal European
corresponding date in 1880.

June 10, 1880.
June 9, 1881.
by the associated banks last week
was unexpectedly unfavorable.
A much larger amount of
Silver.
Gold.
Gold.
Silver.
money than appeared in the reports made to us by the
£
£
£
&
leading banks—because our reports only covered actual Bank of England..
25,902,424
28,089,033
25.132,232 49,960,530 31,446,118 49,487,536
shipments, and this transfer was through a sale of Bank of France...
Bank oif Germany
9,444,395 20,057,145
9,971,666 19,943,334
exchange—was sent to Boston for the settlement of sub¬
Total tlila week
60,479,051 70,017,675 69,506,817 69,430,870
scriptions to the Continental Construction Company, and Total previous week.
60,345,673 69,911,262 70,091,043 69,396,795
the Atlantic & Pacific Railroad Company.
There has
13?^ The above gold and silver division of the stock of coin of the
Bank of Germany is merely popular estimate, as the Bank itself gives
been another large transaction this week, which/however, no information on that point.
The rates for sterling were advanced early in the week
may not appear in the bank statement.
We refer to the
payment, alluded to above, of about $14,000,000, the bal- by reason of the demand for, remittance for bonds
•ance due for stock of the Philadelphia Wilmington & Bal¬
imported and also the light supply. Later in the week
timore road bought by the Pennsylvania Company.
This the inquiry lessened, the fall in our bond market making
amount was deposited in the Bank of Commerce, and it it no
longer profitable to operate in bonds by cable, and
"will be distributed among the sellers of the stock, who the rates for
sterling declined. The margin of profit for
*re represented by a committee sent on from Boston to
cable transactions continues small, as will be seen by the
deceive the purchase money. This distribution will extend following,
showing relative prices in New York and Lon¬
over several weeks, and it will probably be made so as to don at the
opening each day.
cause as little transfer of actual money from this city as is

The statement made

-

...

June 6.

possible.
Treasury operations for the week, exclusive of a
transfer of $2,000,000 gold from the Philadelphia and
$300,000 from the San Francisco Mint, have resulted in
a loss, which is a gain to the banks, of $2,063,439.
The
payments by the Assay Office for domestic and foreign
bullion have amounted to $125,764, and the principal dis¬
bursements by the Treasury have been for interest and
pensions. The following shows the daily receipts by the
Treasury from the Custom House.
The

~

3

44

4....

$412,210 02
271,310 43

44

6....

515,550 40

44

7....

44

8

...

$187,000

U. 8.

Silver

Silver

Notes.

Dollars.

Certificates.

$12,000 $2,000

$211,000
133,000

12,000
17,000
35,000

9....

677,140 17
378,601 11
356,846 52

127,000
215,000
213,000
159,000
162,000

8,000
10,000

1,000

283,000
429,000
212,000
185,000

Total...

$2,611,658 65

$1,063,000

$94,000

$4,000

$1,453,000

44

The

...

M

Brie
2d

o

Ill. Cent.
N. Y. C..

Reading

11772

118

117-72

103-35

103*
48 *
10594
143*
14896
:60*

103-10

48-87

105*30

con.

>>
c3
'd
O

1,000

Lond'n N.T.

Lond'n N.T.

Lond'n N.T.

prices.* prices. prices.* prices. prices.* prices. prices.* prices.

144-30
149*41
2997'

118

10396
4801
4796
104-81
1019s
143-07 142*
149-17 148*
2997+
60*

11736

11796

117-36

118

10275

103

102*75

10396

48-31

m
104«
14216
14816
sm

47*96
104-70
142S3

148-77

4796
101*
142*
148*

29 83+

59*

104-70
14317

149-38

29-83+

w
Bxch’ge,
cables.
*

•

4-87*

4-87*

4-87

4-87

Expressed in their New York equivalent.

+ Reading on basis of $50, par value.

Note.—The New York equivalent is based upon
cable transfers, which ordinarily covers nearly

The Government bond

Duties.

Gold.

June

U.S.4s,c.

US.5s,c.

June 10.

the highest rate for
all charges, such as

interest, insurance and commissions.

Consisting of—
Date.

Lond'n N.T.
a

June 9.

June 8.

June 7.

market has

inclined to lower

'that the previous advance in
the 4s had been a little too rapid.
The 5s fell off in con¬
sequence of the pressure of these securities offered for Euro¬
pean account, and the delay in extending the' bonds at the
Department tended to check purchases of them for continu¬
ance.
The market recovered toward the close of the week.
prices, partly for the

reason

CIRCULA TION—HO W HELD.

following shows the net Sub-Treasury movement
The Comptroller of the Currency, Mr. Knox, has this
for the week ended June 9 and also the receipts and ship¬
week issued his abstract of the condition of the National
ments of gold and currency reported by the principal
banks on May 6, which we publish on a subsequent page.
banks. Last weeks’s bank return was made on rising
With the help of these figures, we are able to make some
averages, and in view of the facts here presented the state¬
interesting and instructive comparisons, especially with
ment due to-day should show a gain in reserve.
regard to the gold and currency holdings of the banks,
and the rapid growth in their deposits and discounts.
Into Banks. Outof Banks
Net.
Three weeks since we. published a statement, showing
$
$2,063,439
$2,063,439
Treasury operations, net
Interior movement
385,000
1,095,000
710,000 that there was in the
country, on the 2d of May, 520 mil¬
Total
$3,158,439
$2,773,439 lions
$385,000
gold (this was the Mint statement), and about 770
The interior movement as above embraces the receipts millions of other descriptions of currency, without counting
and shipments of gold and currency, as reported by the the silver dollars in the Treasury or fractional silver.
principal banks of this city for the week ended June 9, These bank returns now give us official information as to
which more in detail is as follows.
(the location of a part of this gold and paper circulation.




ma *

Junk

THE

11,18SI.J

statement of May 1 had already informed us
as to the amount Government held, so that the only item
about which we have not official information is the holdings
of State and savings banks.
Bringing these facts together,
and estimating for State, &c., banks, a change similar in
The Treasury

space to enlarge upon that point, but below give
these items taken from this return and for previous years

not

people.

other

add

National svstem.

Gold.

$164,357,154 $112,703,342
35,039,201
114,547,842
10,937,812
24,000,000

Treasury, less certificates
National banks, including certificates...

In
In State

banks, including certificates

Total gold
Total gold

$302,904,996 $158,680,355

in Treasury and banks
in country (Mint statement)

Leaving gold in

hands of the people

520,000,000
...

Certificates.

278,310,126

$217,095,004 $119,629,771

Xumber

Dates.

May

Capital. Surplus.

Deposits.

Millions.

Millions. Millions.
94-1
430-4
101-1
458-2
110-3
479*6
4911
120-3
129*0
493-8
134-4
504-8
132-2
499-8
122-8
479-5
116-9
4661
454-1
114-8
120 5
457-6
124-4
459 0

Millions.
523-5
636-6
619-8
673-4
717-3
7310
705-7
667-7
677*3
767-7
967-2

715-9
831-6
877-2
944-2
954-4
984-7
.931-3
891-9
8340

1,615
1,767
1.919
1,976

12,1873....
2, 1874
1, 1875....
2, 1876....
1, 1877....
1, 1878....
2, 1879....

October
October
October
October
October
October
October

Loans.

of Banks

Ootober 8, 1870....
October 2, 1871....
October 3, 1872....

Sept.
May 1, 1881. Jan. 1,1379.

In tlio

Comptroller’s report, to which we also
figures to show the general growth of the

taken from the last

proportion to that of the National institutions, we would
reach the following results as to the amounts now held
outside of these depositories, or we may say now in the
hands of the

623

CHRONLOLE.

2,004
2,087

1, 1880....

2,089
2,080
2,053
2,048
2,090

1,041-0

6,1881....

2,102

1,089-4

Here

we

market and

878-5

'

1,039-8

have in substance the reflection of the money
a

fair indication of the comparative

condition
about the

being said just now
panic which is to come similar to that of 1873. If there
were no other proofs of the folly of such suggestions, the
Leaving silver dollars and certificates in the
$64,077,213 $13,539,443
hands of the people
above figures would be sufficient.
In September, 1873,
1
jegc Tenders and Bank Currency.
Legal
$28,915,345 $77,615,655 the bank loans reached 944 million dollars, with deposits
In the Treasury
87,637,229 126,491,720
In National banks
40,458,264 only 673 millions, interest on the street 7 per cent, with
t43,000,000
In State and savings banks.
$159,552,574 $214,565,639 a large daily commission, and lawful money only 228 mil¬
Total in depositories.
699,281,567 669,003,854
Total issued
lions; now the loans are 1,089 millions and the deposits
$539,728,993 $-424,438,215
1,039 millions, interest about 3 to 4 per cent, and lawful
Total silver certificates issued, less amount in Treasury, $39,157,932.
Total silver dollars (trade and standard) in circulation
money about 400 millions.
Silver and

National banks, including certificates ...
Total silver dollars and silver certificates...
In

$8,080,719
*72,157,932

$6,460,557
20,000,000

Much is

of the banks.

•

$33,000,000.

the amount reported by the Comptroller
A clearer idea of the foregoing can be

t This is

following recapitulation.

Nov. 1,1880.

obtained by the

IS AN ANTECEDENT DEBT
A decision entitled

*

“ VALUE”?

Railroad Company vs. National

Bank:

(just published in 102 U. S. Rep., p. 14) shows that the^
Supreme Court at Washington adheres firmly to the view
$
$
the
hands
In
that one who has received negotiable paper merely as
of the People.
119,629,771
217,095,004
Gold
13,539,413
64,077,213
Silver and certificates
424,438.215 security for an antecedent debt is to be deemed a “ holder*
539,723,993
Paper currency
for value,” so as not to be subjecUto equities which the557,607,429
820,901,210
Total field fiy tfie people
maker might set up against the payee.
Our bankers and.
In Public Depositories.
158,680,355 merchants are perfectly familiar with the rule that a.
302,904,996
Gold
6,460,557
8,080,719
Silver and certificates
244,565,639 purchaser “ for value ” of a note, before maturity, and
159,552,574
Paper currency
409,706,551 without notice of a defense, can enforce it, notwithstand¬
470,538,289
Total in public depositories
967,313,980 ing almost any of the defenses to which it would be subjects
Total all kinds of currency outstand’g.... 1,291,439,499
in the hands of the payee.
But the New York courts haveThis shows us that since January 1, 1879, the total out¬
very steadily held that taking a note by way of security,,
standing currency (not including fractional silver nor silver
or, in a general way, in payment or on account of a pre¬
dollars in the Treasury), has increased 324 millions, and
cedent debt, is not acquiring it “ for value
to claim th^
that the holdings of the people have increased 263 mil¬
benefit of the rule, the holder must have parted with
lions.
Calling the population now 50 millions, and actual value or at least have given an absolute discharge,,
estimating five persons to a family, each family on an or a release of securities at the time of taking the note*
average actually holds in currency (gold, silver and paper)
The Supreme Court applies the rule much more liberally^
to-day about eighty-two dollars, besides fractional silver. and its doctrine must, of course, be followed in all th$
May 1, 1881.

And the whole currency now

hands of the

depositories), include
reaches now, say, about

people and in the public

capita.

But this

1879.

outstanding (that is, in the

ing, however, fractional currency,
$27 per

Jan. 1,

amount

capita is not an extreme al.
trust the estimates for and make

per

Federal courts.

[one. Customers of tho
Republic, .who had become insolvent
while largely indebted to the bank, gave to it a writing;
agreeing that all their evidences of debt lodged with it
should be deemed pledged to it for any and all their
debts.
There was no agreement for an extension of timey
no surrender of
securities, no discharge, nothing in the
way of literal parting with value; but simply a consent
that any collateral held by the bank, no matter for what
debt it was originally lodged, might be held for the entire
balance.
Among these securities was a note for $5,000,
made by the Brooklyn City & Newtown Railroad Com*
pany, for the purpose of raising money for the treasury of
the company, and which had been entrusted to these cus*
tomers of the bank, who were Wall Street note-brokers, to
be sold for the benefit of the company.
The note-brokers
had no right to pledge the note for their own debt; and,
under New York law, the company, if sued by the bank
as pledgee, might have shown the conversion, and thus
The

case

a

very common

National Bank of the

lowance, if we can
comparison with other commercial specie-paying countries.
According to a statement in the last report of the Director
of the Mint, Great Britain has a circulation per capita of
$28, and France $53. In the latter country about 600
millions of the circulation is silver.
Germany has only
about $15 per capita.
In, however, making, comparison
in this particular with other countries, it must be remem¬
bered that our use of banking facilities and bank checks
virtually and very materially enlarges our circulation,
and therefore lessens our need for currency, except in the
South and extreme "West, where there are few or no banks.
Thus, for instance, with France no comparison as to the
wants per capita can be made, for the conditions in this
particular are so very different.
Another interesting feature the present bank statement
brings out, is the growth in deposits and loans. We have established




was

a

complete defense.

A *

624

THE CHRONICLE.

But the bank

brought its suit against the company in
the United States Circuit Court.
And the Supreme Court
has decided that by the general commercial
law, the bank
must be deemed a holder for
value, and, therefore, as it
took the note without knowledge of the conversion, it was
entitled to enforce it.
One objection to such a
ruling is,
that transfers of negotiables as collateral
security only, are
notin the usual and ordinary course of
dealing with them.
The Supreme Court, in effect, pronounces this
objection
old-fashioned; such transfers constitute a material and in¬
creasing portion of the financial transactions now common;
they have grown out of the necessities of business and, in
these days of great commercial
activity, they contribute
largely to the benefit and convenience of debtors and
creditors both.
Another objection is, that
nothing is sur¬
rendered by one who takes a note as
collateral, and there¬
fore
he
loses
nothing by allowing justice: to be
done between
the
original parties, notwithstanding
the transfer.
The Supreme Court says that this
may
£

be true

is it

in

some,

but is not true in most,

when

the transfer

no

evidence of

i VOL. XXXII.
intention

to receive the
paper in absolute
discharge and satisfaction beyond what may be inferred
from
the ordinary transaction of
accepting or receipting it in
payment, or crediting it on account. If the claim that the
holder can recover upon the note
notwithstanding a fraudulent
diversion, rests solely upon the fact that it was received
by him
in payment of the debt of the
an

transferrer, it cannot be sus¬
In this State, to constitute an indorsee of
negotiable
paper, a holder for value, so as to exclude the
equities of ante¬
cedent parties, it is not sufficient that the transfer
should be
valid as between the indorser and indorsee, but in
addition the
latter must have relinquished some
right, incurred some respon¬
sibility, or parted with value upon the credit gf the paper
at
the time of the transfer.
And the court further held that an
actual relinquishment of the debtor’s
previous check in ex¬
change for the note transferred was sufficient, and that some¬
thing of the kind was necessary, to constitute
“parting with
tained.

value,” by New York law.
It remains to
reached

be

whether any agreement can be
decisions of the courts, or whether our
seen

by future
Legislature will see lit
the judicial rule.
RAILROAD

cases; nor

to exercise its

authority and change

EARNINGS IN MAY, AND FROM
JANUARY 1 TO MAY 31.

Railroad earnings continue to make a
impose
very satisfactory
upon the new holder the duty of making demand showing. The aggregate gain for the month of
May on
or
protest, and giving notice, in order to charge the forty-five roads reporting in the table
below, is
indorsers for the benefit of the
payee.
In the present $2,466,457, or about 17 L3 percent. Mileage increased less
case the transfer involved an
implied engagement of the than 14 per cent, so the earnings per mile have risen from
bank towards the note-brokers to
present the note at $492 in May, 1880, to $508 in May, 1881. This statement
maturity, and, if not paid, to give notice to earlier is the more gratifying that earnings in May, 1880, were
indorsers.
The court considers the
undertaking to render very heavy, our table for that month exhibiting an
this service as “ giving value.”
And, generally speaking, improvement over May, 1879, of almost 24 per cent, and
-any indorsement of a note which renders the holder a even in May, 1879, earnings were already
slightly better
party to it, although he takes it merely as security, is not than in the preceding year. Taking the roads as a
whole,
an improper but an
ordinary use of the paper, and protects the upward movement in earnings, which began, say, in
the holder from any equities of which he had no notice.
May, 1879, has continued without material interruption for
A third objection was, that as the
parties were New two years now, and there appears as yet to be no oheck to
York corporations, and, indeed, the
The following table presents the returns for
very question had its progress.
been decided the other way by a New York
court, in May.
another suit, the New York rule ought to be
GROSS EARNINGS AND MILEAGE IN MAT.
applied as to
them. But the Supreme Court said that the
question was
Gross Earnings.
one of
Mileage.
general commercial law and that the Federal courts
Month of May.
Increase
are not bound, on those
1881.
1880.
questions, by the local decisions of
1881. 1880.
Decrease.
the States, but will seek to establish a uniform rule for
$
$
Alabama Great So
52,307
the whole country.
45,344
+6,963
295
295
The rule in England and in most of Burl. Ced. Rap. & No.
165,630
149,504
+ 16,126
564
492
Cairo
&
St.
Louis’*
22,599
the States is said to be, that
24,499
146
-1,900
146
taking a note for a previous Central Pacific
2,068,000 1,778,487
+ 289,513 2,634 2,415
528.860
debt is taking for value ; while the New York rule to the Chicago & Alton
616.128
840
-87,268
840
Chicago & East. Ill...
120,550
111,799
+ 8,751
220
220
Cliic. & Gr’nd Trunk t
101,973
105,725
335
contrary is considered exceptional and local.
-3,752
335
Chic. Milw. tfcSt. Paul.
1,538,000 1,134.744
+ 403,256 3,800 3,000
Chicago & Northwest.
The importance of the
1,875.608
-11,932 2,770 2,253
subject is heightened by the Chic. St. P.Minn. &0. 1,863,676
167,199
115,794
+ 51,405
337
'261
St. Paul & Sioux City
142,595
116,352
steady enlargement witnessed of the liberty of taking suits Cincinnati
+26,243
626
470
<fc'Springf..
83,802
73,931
+9,821
80
80
to the Federal courts.
Clev.
Col.
Cin.
& Ind.
If collaterals held by a New York
338,423
314,636
+ 23,787
391
391
Clew Mt.Vem. & Del*
22,488
22,939
—451
144
156
banker happen to have been made by a
I>env. & Rio Grande..
514,767
191,695
-8323,072
690
person living out Des Moines
422
& Ft. IX*.
16,112
19.288
-3,176
87
87
of the State—Jersey City, for instance—the suit on them East Tenn. Va. & Ga*
92,300
79,628
+ 12,672
508
508
Flint <fc Pere Marq....
160,708
115,970
+ 44,738
311
311
may- be triable in the Circuit Court, merely because the Great West’n of Can.*.
405,500
356,455
+ 49,045
823
823
Hannibal & St. Jos...
177,002
191,317
-14.315
292
292
parties are citizens of different States. National banks Houston Tex Cent..
188,120
226,399
+ 38,279
522
522
Illinois Central (HI.)..
499,200
524,739
-25,539
916
have a pretty broad right of
918
Do
(Iowa lines)..
suing and being sued in
137,670
140,381
-2,711
402
402
Ind. Bloom. & West...
102,631
85,734
+ 16,897
National courts.
212
212
Recent laws of Congress have declared
Indianap. Dec. & 6p..
35,123
26,314
+ 8,809
152.
152
ever

true

is such

as

to

or

„

many new cases in which suits may be removed from
State to Circuit courts.
Hence the

right of

New Yorker
holding negotiables as collateral, to recover on them, may
come to
depend, not on the circumstances and justice
of the transaction, but on accidental
facts, enabling him to
sue

in

No
such

a

a

court of the

one

will

conflict

Yet the

New

declared/

As

Court of

a

United States.

deny that there is great inconvenience in
of decisions
York rule

between

has

been

the

two

often and

tribunals.

positively

lately as June, .1880, it was restated by the
Appeals in these emphatic words.*

It is the settled law of this State that prior
equities of ante¬
cedent parties to negotiable paper transferred in fraud of their
rights, will prevail against an indorsee who has received it

merely in nominal payment of
*

Phoenix Ins. Co.




r8.

a precedent
Church, 81 N. Y. 218.

debt, there being

Intern’l & Gt. North..
Lake Erie & Western.
Louisville & Nashv...

Memphis & Char’ton.
Memphis Pad. & No.*

170,318

100.367

95,676
87,630

809,700

655,014

74,007
12,899

58,026
8,700
26,532
31,345

Milw. L. Sh. & West..

44,557

Minneap. & St. Louis *

59,166
145,416

Mobile & Ohio
N. Y. & New Engl’d..

Northern Pacific
Peo’ia Dec.&Evansv..
St. L. A.& T. H. in.line
Do do (branches).
St.L.IronMt. & So...
St. Louis & San Fran..
St. Paul Minn. & Man.
Scioto Valley
Texas & Pacific
Union Pacific
Wab. St. Louis & Pac
Total
*

t
+

215 271

129,249
183,701

299,880

217,613

51,623

35,081
95,847

118,226
45,059
480,300
283,399

52.081
349,053

175,863

382,642
26,969

281,899

267,443

141,083
2,067,269
1,122,706

2,393,237
1.144,661

22,648

+74,642
+ 12,737

625

544

385

308

+ 154,686

1,840

15,981

1,561

330

+4,199
+ 18,025
+ 27,821

113

330
113
218
158
506
282
722
125
195
71

+

+ 16,167

+31,570
+ 82,267
+ 16,542
-

+22,379
-7,022

+ 131,247
+ 107,536
+ 100,743
+ 4,321
+ 126,360
+ 325,968
+ 21,955

246
243
506
316
754
250
195
71
686
598
860
100
763

3,446
2,479

-

686
499
656
100
500

3,002
2,384

16,708,654 14.242.197 + 2,466.457 32,905 28,963

Earnings for three weeks only of May in each year,
For the four weeks ended May 28.
For the four weeks ended May 27.

In favor of

larger earnings than in the corresponding

June 11,

THE CHRONICLE

lfcSl.f

625

month in 1880, we had this year a heavy increase in the makes quite a gain for an interior depot. The Wabash
cotton movement; and, on the other hand, as an offset to St. Louis & Pacific carries to all three of these points and

this, there was a very decided falling off in the grain move¬ to Chicago as well, and, as a result of the varying move¬
The influence of the first is seen in the uniform ments, has earnings not very different from those of last
ment.
reports of large percentages of increase on the roads of year. The following table shows the receipts of flour and
the South and Southwest, though of course there were grain at the principal Lake and River ports of the West.
also accessions to
earnings from an expansion in
RECEIPTS OF FLOUR AND GRAIN FOR FOUR WEEKS ENDED MAY 23.
the volume of other freight,
and from an aug:
Oat 8,
Corn,
Flour,
Wheat,
Barley,
Rye,
mentation in the passenger traffic ; the influence of
bbis.
bush.
bush.
bush.
bush.
bush.
the second is reflected in the much smaller percent¬
C'h i ea
go-

of gain, and in some cases of positive loss, on

ages
the roads of the West and Northwest.

Among the roads
in the South that are making particularly encouraging
exhibits, may be mentioned the International & Great
Northern, which increased its earnings 78 per cent, on
mileage increased only 15 per cent; the St. Louis Iron
Mountain & Southern, which, with no addition to its mile¬
age, increased its earnings 37 per cent; the Texas & Pacific,
which on 52 per cent more mileage has almost 90 per cent
more earnings; and the St. Louis & San Francisco, which
reports 61 per cent larger earnings, on mileage 20 per cent
.larger. To show how much heavier the cotton movement
was in May, 1881, than in May, 1880, we have had pre¬
pared the following table of receipts at the different outports.
RECEIPTS OF COTTON AT SOUTHERN PORTS IN MAY,

1881.
Galveston

bales,

1880.

13,993

Indianola, &c

1881 AND 1880.

9,540

126

New Orleans
Florida
Savannah

Ino..
9,453
Inc..
103
Inc.. ..12,926
Inc.... 2,328
Inc
11
Inc.. ..17,655
..

..

45,849
8,107

Mobile.

Difference.

32,923
5,779

92

81

22,367

4,712

12,239

7,837

Brunswick, Ac
Charleston
Port

Royal, &c...

31

Wilmington

420
124

357

25,112
4,790

City Point, &o
Total

139,561

..

..

1,492

Morehead City. &c
Norfolk

Inc..

Ino..
Ino..
Inc....
Inc..
Inc..

i

20,619
S05
82,863

..

4,402
31

1,072
233

..

4,493

..

3,991

Inc.. ..56.698

The

receipts of grain during the month, were, as already
remarked, much smaller than in the previous year. The
decline was especially heavy at Chicago.
Of wheat and
corn, that port received for the four weeks ended May 28,
1880, 11,945,493 bushels, while for the corresponding four
weeks in the current year the receipts were only 4,469,672
bushels, a falling off of 7,475,821 bushels. In the light of
such figures it is
surprising that the roads that carry to
Chicago were able to do as well as they have done. The
Chicago & Northwestern line returns a decrease, but it
amounts to less than 1 per cent; it should be said, however,
that the mileage is 23 per
cent larger. St. Paul, on mileage
increased about 27 per cent, has 35 per cent increased
earnings. Chicago & Alton, with no change in mileage, has
14 per cent decrease in
earnings. The roads embraced in
the Chicago
St. Paul Minneapolis & Omaha system show
33 per cent increase in
earnings and 31 per cent in mile¬
age. Hannibal & St. Joseph, which forms part of a line
to
Chicago and whose mileage was the same in both years,
suffered a decrease in earnings of 8 per cent.
Chicago &
Eastern Illinois, a north and south line to
Chicago,
increased its
earnings 8 per cent, with mileage no larger.
Illinois Central, on the heavy earnings of last year, shows
a
falling off of less than 5 per cent on its Illinois lines and
but 2 per cent on the Iowa lines
;
its mileage was

unchanged.
At St. Louis the

receipts of grain show

an

increase.

Together, 2,816,781

bushels of wheat and corn were re¬
ceived in the four weeks of
1881, against 2,154,712
bushels in the
corresponding four weeks of 1880. At
Toledo there was a decrease of about
350,000 bushels on

wheat and

corn.




Peoria

again has larger receipts—in fact

1881
216.859
18SO
163,097
Milwaukee1881
293,974
1880
169,634
St. Loujus—
1881
88,100
1880
93,182
.....

.

148,623

52,901

31,072
41,391

671,885

82,940

1,039,865

311,467

302,391
237,374

98,566
63,337

39,245
66,122

45,360
79,403

9,084
27,417

873,936

1,942,845

561,900

905,823

1,248,889

427,281

991.215
4,125
1,333 1,015,665

1,359.655
1,691,004

151,503
79,172

2,500

31,025

338,551

82,918

109

450,121

28,064

43,544
48,090

14,992

13,391

13,666

227

7,327
9,256

46,000

205.050

79,280

19,153

41,800

130,650

30,000

8,550

16,379
20;537

77,550

1,470,275
1,190,370

959,875
683,300

23,050
53,500

Toledo —
1881
1880
Detroit—
1S8L
1880
Cleveland—
1881
1880
Peoria—
1881
1830

598,904 3,870,768 2,797,381
1,469,260 10,476,233 2.286,629

31,200

■

Total of all.
1881
658,289 3,598,041 9,014,451 4,895,874
18>0
475,435 4,953,734)15,076,677 3,341,936

Central Pacific this

month,

307

27,285
93,900

352,244 li’6,795
271,302 229.364

in previous months, makes
large gain. Union Pacific also has a handsome return.
Perhaps the heaviest percentage of increase is recorded by
as

a

the Denver &’ Rio Grande.

This road has

quite a monop¬
oly of the business of the territory contiguous to its lines,
and its rates are high.
To be sure, its mileage has been
increased, but only about 63 per cent, while the earnings
show a gain of 168 per cent.
We have none of the great
East and West trunk lines in

Columbus Cincinnati

&

our

table.

The Cleveland

Indianapolis, whose business is
largely through, increased its earnings about 7 per cent.
The Great Western of Canada reports a gain of about 14
per cent.
The St. Louis Alton & Terre Haute main line,
which is a feeder to the Pennsylvania system, gains 23 per
cent; the branches show a decrease.
The Chicago &
Grand Trunk, which is the Chicago extension of the Grand
Trunk of Canada, reports a loss of not quite 4 per cent.
The loss would have been much heavier, except for a large
gain in the passenger traffic. In view of the smaller grain,
receipts at Chicago, it is likely that all the roads running
east out of Chicago had diminished shipments of freight,,
and this may have caused a loss in receipts in the case of
those roads whose Chicago business is a large proportion
of the whole.
The only Eastern road in our table is the
New Y ork & New England, and that exhibits an increase
of 17 per cent in receipts and 12 per cent in mileage.
Taking the figures for the first five months of the year,
we find that the roads reporting had aggregate earnings
$8,499,657 above those for the corresponding period in
1880.
Only nine roads in the list show a decrease, and
these are roads that suffered most severely from the effects
of the extreme weather during the winter.
As in the
previous month, Central Pasific leads all others in amount
of increase.
That road has earnings almost two million
dollars *above those for the five months of last year.
Den¬
ver & Rio Grande comes next, having increased its earn¬
ings $1,193,706. Then follows Louisville & Nashville,
with an increase of $1,154,028.
On the St. Paul the in¬
crease amounts to $970,493.
St. Louis Iron Mountain &
Southern has made $607,212 more, operating the same
mileage as last year. The International & Great Northern
records a gain of $354,803.
This is equivalent to 57 per
cent; as said above, the company is operating only 15
per cent more mileage.
The details for each road will be
found in the subjoined table.

626

THE
GROSS EARNING8 FROM JANUARY

1881.

Alabama'Gt. Southern...
Burl. Cedar Rap. & No...
Cairo &. St. Louis*
Central Pacitic

Chicago & Alton
East. Illinois..
Chicago

TO MAY

1830.

$
202,887
791,121
161,700

2i5'30'887

Chic. & Grand Trunkt...

622,112
560,480

Chicago Milw. & St. Paul

5,380,000

Chicago <fc Northwest
Chic.St.F.Miim.&Omaha.
8t. Paul <fc Sioux City..
Cincinnati & Springfield.
Clev. Col. Cin. & Ind
Clev. Mt. Vernon & Del*.
Denver & Rio Grande....
Des Moines & Ft. Dodge*
East Tenn. Va. <fc Ga*
Flint & Pere Marquette..
dreat West’n of Canada}:.

6,720.050
783.110
455,915

Hannibal & St. Joseph ..
Houston & Texas Cent...
111. Central (Ill. line)
Do
tla. leased lines).
Indiana Bloom. & West..
Internat’l tfc Gt. North...
Lake Erie & Western
Louisville^ Nashville...

1

388,307
1,601.360
155,583
1,971,620

$
245,145
828,969
134,652
6,779,742
2,306,630
439,497

2,133,425
817,863

957,158

1,506,886
2,317,113

1,265,504
2,351,561

581,538
482,089

670,738

976,149
487,600

621,346

76,804

Milw. L. Shore & West’n.

192,791
295,247
976,831
1,003,522

152,735
209,043

Total
*

Three

weens

97,265
204.825

83,835
33,190
9,245
79,241
122,340

219,004
34,448
89,200
19,336
354,803
138.195
1,154,028
56,316

12,935
40,056
86,204
84,979

The statement below

607,212
258,242
348,364

panies

13,433

284,238
8,499.657

omy

of May m each year,
; January 1 to May 27.

roads.

Chicago Burlington & Quincy, which for the first
quarter of the year showed a falling off in net of $865,977,
35£ per cent, has not yet come to hand for April.
Southern roads did not have to contend with a

but the additions

more

miles of road this

year,

mostly lines that formerly did not
earn much,
if anything, net. Nashville Chattanooga &
St. Louis made a gain of $11,813 in its net
earnings in
April, and has thus cut down the decrease for the year
(to April 30) to $29,246. St. Louis Iron Mountain &
Southern net earnings increased from $88,716 to $164,084;
against

a

months.




now an

increase of

Earnings Earnings

$
22,884

28,009
184,680
141,052
85,353
30,270
30,225

Burl. Cedar Rap. & No..l881
Do
do
1880

Clev. Mt. Vern. & Del..1881
Do

do

$
11,509
14,975
133,999

1880

Des Moines & Ft. D’ge.lSSl
Do
do
1880

107,470
'

28,109
28,258
10,887
12,875

18,140
£

Gross

$
11,375
8,094
50,681
34,182
7,188
8,012
13,338
5,271

$

8

88,240
625,491
679,465
133,095
141,889

£

125,941

64,347

704,560

107,810

603,810

88,952

110,477
59,897
50,979

51,333

Great West, of Canada. 1881
do
Do
1880

Louisville & Nashville.1881

$
840,000

1880

do

Mem. Pad. & Northern 1881
Do
do
1880

Do

do

4880

Phila. A Erie
Do

do

1881
1880

St. Louis Iron Mt. & So.188’
Do
do
1880

$

19.190

19,900

386,180

.13,430
113,140
90,894
209,441
272,501

3.760.372

2,104.502

3,488,306
293,323
334,947
540,302
403,241

1.992.784

Nash. Chat. & St. Louis 1881
Do
do
1880

Northern Central
1881
.Do
do
1880
Penn, (all lines east of
Pitts. & Erie)
,. .1881

$

14,000
183,525
155,406
487,272

183,518
198,812

$

312,326
109,141
def. 710

70,839
68,104
760,244
721.711

030

70,385

58,572;

1,703,991

217.831;

113,509

1,400,809

1,495,582;

12,794,079

j
1,655,81o' 13,889.505
104,785
136,135
j
164,0S4

382.218
319,525

Gross

Do

do

$185,000
132,490

Gross

1,905,979

680,473

Gross

Net

Net

Earnings Earnings

$234,000 $1,395,252
195,027
1,191,500

$030,273
028,667

! January 1 to Date.

March.

.

NAME.

324,827
688,535
491,822

January 1 to Date.

fOperating

$ 119.600
327,517

1880

295 581

2,382,052

1,132,304

Earnings j Expenses. Earnings
Oregon R’y & Kav. Co..1881

1,135,019
989,437
9,513
9,854

5.820,001
5,805,310
338,355
432,281
700,433

1,028.700

88,710:

$

»

3,425,309
2,425,907

May.
Name.

201,810
194,311

29.055
21,3 .'9

533,674
394,742

503,883

19.340

37,818
18,801
37,783

£

190,288

Do

244,168

98.603
83,199

Gr. Trunk of Canada. ...1881
Do
do
1880

72,308

$
38,923
40,205
130,782

,

80.SO5

£

£

Net

[Operating

-

Net

;

Net

Gross

|

Earnings j Expenses. Earnings.

Earnings Earnings

'

Cairo & St. Louis
'Do
do

1881
1880

,

$39,708;

$26,173

$13,535

30,1231

20,383

3,740

J

‘

$103,947

$20,777

.78,527

7,028

fFC0tictarvjs ©mmuerctaX %xiQlisU Jims

are

for the four months there is

Gross
Net
Operating
Earnings Expenses. Earnings

snow

blockade, nor suffer to any great extent from storms, and
consequently these make, for the first four months, much
more flattering comparisons.
Louisville & Nashville net
earnings in April this year .were $143,185 above those
for April last year, an increase of 85 per cent.
This
makes the total gain to April 30, $145,582.
It is true
operated

January 1 to Date.

Boston &N.Y. AtrLine.1881
Do
do
1880

At the end of March the decrease on last
year amounted to $123,885; now it is $107,386.
The
Des Moines & Fort Dodge also had larger net earnings in
April this year than last. The gain is $8,067, which re¬
duces the falling off for the year to $18,922, of which
$12,000 is to be ascribed, as said last month, to a payment
on account
of steel rails, leaving the actual decrease
$6,922. Both these roads are in the district which was
most affected by snow blockades and storms, and it is
gratifying to note that they are now able to retrieve a
portion of their previous loss. We have no other Western

company

For April.

Name.

9,500,774 1001,117

•of the year.

the

as

388,904

April net earnings, as reflected in the returns of the
roads below, make a very encouraging exhibit.
January
and February, it will be remembered, were not generally
favorable, but in March there was quite an improvement
in most cases, and this improvement appears to have been
maintained in April. Burlington Cedar Rapids & Northern
increased its net earnings during the month $16,499, and
"has thus entered, as we expected it would, upon the work
of wiping out the loss incurred in the first three months

that

gives the gross earnings, operating
and net earnings for the month of April, and
and net from Jan. 1 to April 30, of all such com¬
will furnish monthly exhibits for publication.

expenses
the gross

t January 1 to May 28.

or

lines, Pennsylvania reported an increase
April of $160,22.8, or about 11 per cent, bringing up
the increase for the four months to
$214,691, and this
notwithstanding a decrease of $93,926 on the Philadelphia
& Erie, whose operations are embraced in these
figures.
Ther two Canadian trunk lines, the Great Western and the
Grand Trunk, also seem to be doing well, as
they return
large percentages of gain for April. Northern Central,:
which is controlled by the Pennsylvania, almost doubled
its net earnings during the month—4he
figures being
$217,831 in April, 1881, and $113,569 in April, 1880
and for the first four months of the
year there is an
increase of $ 196,713. The company has this week declared
a dividend of 3
per cent, payable in July, and paid one of
2£ in January. Previously, nothing had been paid since
1876.
The Oregon Railway & Navigation
Company has
furnished us with its statement for May, from which we
see that the net
earnings were $234,600 this year, against
$195,027 in May, 1880. For the five months to date, the
figures foot up $630,273 in 1881, and $628,667 in 1880.
for

..

142,148
180,679
92,387
84,114
28,572

133,349
523,709
265,551
2,255,032
943,174
1,194,594
113,383
995,280
5,202,511

54,943,093

139,295

24*1,382

891.852
861,374
681,320

861,999

63,442,750

Net increase

979,493

462,753

89.739

126,821
1.384,184
4,918,273

225,743
182,645
98,155

703,477

495.940

294,123

1,929,021

1,193.706
12,230

621,739
1,914,421

2,862.244
1,201,416
1,542,958

$

777,923

74i;070

225,736
607,823

$

39,845

Memphis & Charleston...
Memphis Paducah &No.*

Minneapolis & St. Louis.*

Decrease.

1,561,515
164,828

349,405
3,080,931
439,633

Mobile <fc Ohio
1ST. Y. & New England....
Northern Pacific
Peoria Dec.& Evansville.
St.L.A,&T. H. mainline.
Do
do (branches)..
fit. L. Iron Mt. & South’u.
fit. Louis & S. Francisco.
St. Paul Minn. & Man
Scioto Valley
"Texas <fc Pacitic
Wabash St. L. & Pac

Increase.

37,848

539,750
355,177

[Vol. XXXIL

Of the trunk

27,048

462,325

1102,486

4,235’000

31.

47,742

4,409,507
6,818,221
578,294

11-1,716
782,718

CHRONICLE.

$25,958,

decrease of $180,089 at the end of the first two

RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT
On—

LONDON—May 28.

Time.

Amsterdam
Amsterdam

.

3mos.

12 314 '312*4

Short.

12-lia •®12"213

Antwerp.... 3
Hamburg

mos.
ii

...

M

Berlin
Frankfort...

ii
a

a

St Peterft’hfr

Short.

Paris
PfVris
Vienna

3

mos.
a
u

flail i

Rate.

EXCHANGE ON LONDON.
Latest
Date.

Time.

Rate.

May 28 Short.

12T5

25*471aa>25"o213 May 28 Short.
ii
20-64 @20*68
May 28
ii
2064
20-64
18-40

@20’68
@2068
@18-45

May 28
May 28

20-50
20-50

«<

20-50

Short.

25-21

May 28 Short.

117-70

3 mos.

25 "65

2378@>2358

25-17^225-2712 May 28
25-4213@25*50
11,8712@11,90

47582>4738

a

7,

a

Genoa
Lisbon

a

25-92^@26-00
5214@5218

May 28
,

May 25
New York...

Bombay

25*221s

....

Calcutta....

Hong Kong,.
Shanghai....

60

days
ii

....

—

lR.7Hi6d.
ls.7Hi6d.
......

3

mos.

May 28 Short.
May 28 4 mos.
May 28
ii

May 28

ii

May 28

ii

4*8
Is. 778<iIs. /i^ied.
3s. 87sd.
_

5s.

l^d.

Junk

[From our own correspondent.]
London, Saturday, May

28/1881.

debentures in

chiefly to the settlement on the Stock Exchange, which
comparatively heavy. About £2,000,000 is also said to have,
been locked up in connection with the new Hungarian loan, and
the quotation for short loans has in consequence risen to 2 per
cent. In the state of the discount market, however, there is no
material change. The supply of mercantile paper is still very
limited, and the rate of discount for three months’ bills does
not exceed 1% to 1% per cent. The market shows no indications
of change, and, with the exception of a temporary demand for
Stock Exchange purposes, it has presented no important feature.
The banks, have, however, for some time past been affording
the Stock Exchange great facilities for speculation, and these
operations seem to form a large proportion of their business.
The following are the present quotations for money :
owing

‘

was

operations.

Scrimgeour invite subscriptions for an issue
of $1,000,000 (part of a total of $5,500,000, the balance having
been taken in America) four-and-a-half per cent bonds of the
Atchison Topeka & Santa Fe Railroad Company. The issue, it
is stated, has the direct and unconditional guarantee of that
undertaking, and as collateral security the first mortgage bonds
Messrs. J. & A.

of the Mexican

4 months’ bank bills
l7a®2
2^
6 months’ bank bills..... 2 -a* 2 ^
Open-market rates—
4 & 6 months’ trade bills. 2*2® 3
30 and 60 days’ bills
1%®178
3 months’ bills
13i®178
The following rates of interest are allowed by the jointstock banks and discount houses for deposits:
Per cent.

Annexed is

a

1*2
1*2
1%

notice of withdrawal.

with 7 or 14 days’

do

statement showing the present position of the
the Bank rate of discount, the price of con¬

Bank of England,

sols, the average quotation
middling upland cotton, of

quality, and the Bankers’
with the three

for English wheat, the price of
No. 40 mule twist, fair second

Clearing House return, compared

previous years.
1881.

1880.

1879.

&

&

&

Circulation, excluding
bank post bills
Public deposits

26,334,075 26,750,615
7,125,297 7,421,429
25,415,856 25,517,047

Other deposits
Govermn’t securities.
Other securities
Res’ve of notes & coin.
Coin and bullion in
both departments ..

bond is £202, which is equal at the present exchange
to about 97 per cent.
During the week the prospectuses have appeared of several
new companies, chiefly of mining undertakings.
The directors of the “Victorine Grold Mining Company
(Limited)” invite applications for 59,855 first mortgage bonds
of £1 each, part of an issue of 100,000 bonds, the balance hav¬
ing been

15,876,203 15,689,832
19,179,726 19,403,293
15,368,849 15,787,685 19,400,278

Bank rate
Consols

4006

993a

99is

44s. lOd.

44s. 8d.

41s. 4d.

51s. 2d.

515ied.

6iiied.

6%d.

93*d.

TiTa.

Clear’g-house return. 97,413,000

84,791,000

No. 40 Mule twist...

69\1-

lOd.

75,873,000

77,938,000

scarcely any movement in gold during the
week, but there has been some little inquiry for export to Spain.
For silver and dollars the market has been dull. In the Indian
and China exchanges there has been no material variation. The
following prices of bullion are from Messrs. Pixley & Abell’s
There has been

circular.
8.

GOLD.

d.

,

'

8.

issued a prospectus of a loan

for

cent (bonds at the price of 91 per £100
Republic. The money is required for

2*2 p. c.
9713

1025a

Eng. wheat, av. price.
Mia. Upland cotton...

Murietta & Co. have

27,113,780 £2,450,000 in six per
6,743,142 bond) for the Argentine
21,285,865.
15,556,488 railway purposes.
19,070,375
About 150,000 bales
11,338,102

53-06
2 p. c.

47*55
3 p. c.

46-92
2^ p. c.

to work a group

and 1884.
Messrs.

25,952,924 27,538,300 33,273,018 23,451,582

Proportion of assets
to liabilities

already subscribed. The company is

gold mines in Nevada. The share capital is £305,000, in £1
shares, of which 300,000 go to the vendor in payment, with
£50,000 cash. The bonds are a first charge upon the property ;
they will bear interest at the rate of 10 per cent, and are re¬
deemable at £2 each by six half-yearly drawings in 1882, 1883

of

1878.
£

28,877,740
8,022,108
28,281.999
14,675,257
20,190,996

of which is the

the $1,000

Bank rate

Joint-stock banks
Discount houses at call

extensions, the construction

object of the loan; and the prospectus points out that the
operations of the parent line last year resulted in a clear sur¬
plus of $941,000 after paying all charges, interest and 7^ per
cent dividend on the share capital. The subscription price of

Percent.

Open market rates—

Per cent.

Grood Hope
coupon-bearing bonds of £1,000, £500, £200 and
£100 each. The principal is to be repaid at par by annual
drawings. The loan has been authorized by the Colonial
Legislature to provide the expenses of carrying out military
£2,000,000 4 per cent Cape of

of June next to

demand for money this week,

been rather more

There has

627

OHKONIOLE.

THE

11, 1881.]

d. I

of wool have been

disposed of at the

Eublic
alf ofsales
the quantity
of Colonial
woolbrought
progress, being
now in forward.
nearlythese
one-.
Respecting
to be

Helmuth Schwartze writes :
feature to record in the sales, which progress very
steadily. Australian greasy wools sell in full parity with the closing
rates of last series, sometimes even at an advance, especially in the case
of the better classes. Fleece-washed sorts are in less request arid com¬
mand only very moderate rates. Superior Port Phillip fleece and
medium Sydneys may thus be bought very reasonably. Crossbred wools,
when fine, continue in good demand, and the coarsest sorts are less
depressed than at the outset of the sales. The same may be said of
faulty scoureds, for which there is now rather better competition. As
regards Capes, the only sorts still showing any decline are low snow
whites and scoureds which sell ^d to Id. below last sales. All the other
sorts are practically on the March level. The sales continue very well
attended, and the increased animation which we reported in our last

sales Mr.

There is no new

the trade advices are still
lately begun to ..show itself in

circular is fully sustained. From abroad
unsatisfactory, but an improvement has

English markets.
The stock markets have been rather
sented no important feature. Consols have

the

dull, but they have pre¬

experienced a slight
standard. 77 9 ®
standard. 77 IOL3®
is
is being con¬
relapse,
but
their
value
still
high.
Business
Spanish doubloons
per oz. 74 0 ® 75 0 ducted with greater caution, as the
rapid introduction of new
8outh American doubloons
per oz. 73 9 ®
United States gold coin
per oz., none here
®
companies is occasioning greater anxiety.
German gold coin
®
per oz
The weather during the week has been much more season¬
silver.
d.
d.
able. There has been a moderate fall of rain, and the tem¬
Bar silver, fine
per oz. standard, last price. 515g -a>
perature is much higher. More rain, however, is wanted for
Bar silver,contain’g 5 grs.gold
'a)
per oz. standard. 52
.the
grass lands and the late-sown crops. The wheat plant
Cake silver
per oz. 55Hie®
Mexican dollars
peroz. 51 14 a>
promises well, but the crop is decidedly backward. The
Chilian dollars
peroz
®
for wheat has been quiet, but, on the whole, steady, without

Bar
Bar

..per oz.
gold, fine
gold, containing 20 dwts. silver, per oz.

trade

Quicksilver, £6 7s. 6d.

Discount, 3 per cent.

in prices.
During the week ended May 21, the sales of
produce in the 150 principal markets of
amounted to 28,402 quarters, against 26,677 quarters last year,
and 53,672 quarters in 1879 ; and it is estimated that in
whole kingdom they were 113,600 quarters, against
quarters and 214,700 quarters. Since harvest
material change

home-grown
England
and Wales
pal foreign centres:
Open
Open
Bank
market,
the
rate.
market.
ct.
Pi* of
106,600
sV St. Petersburg...
6
3^'
the sales in the
Amsterdam
3
Geneva
4^
150 principal markets have been 1,388,537 quarters, against
Cadiz
&
Madrid,
413
414
-- - 4
4
1,148,572 quarters in the previous season and 2,085,159 quarters
Lisbon & Oporto.
Berlin
5
314
in 1878-9 ; the estimate for the kingdom being 5,554,150
3^2
Copeuliagen
3*2® 4
Hamburg
3
quarters, against 4,634,400 quarters and 8,344,700 quarters in
Calcutta
6
Frankfort
"
314
the two previous seasons respectively.
Without reckoning the
Vienna
3.^
The report of the Deputy-Master of the Mint has just been supplies of produce furnished ex-granary at the commence¬
ment of the season, it is estimated that the following quantities
issued for the year 1880. It states that during the first six
of wheat and flour have been placed upon the British mar¬
months of 1880 rather
than £4,150,000 was delivered to kets since harvest. The visible supply of wheat in the United
The following are

the current rates of discount at

the princi¬

Banli

rate.
Pv i*f

Pi* ct

3

Brussels
Genoa

3

St.
Geneva

Paris

Barcelona

4
4

....

Pr.
5
4

-

5
5

4

more

the Bank of

England, in sovereigns and

half-sovereigns, and

brought up to £4,185,000.
This, adds the report, is the largest gold coinage executed since
1876, when the amount issued during the year was £4,700,000.
During the intervening period of three years, owing to the
general- depression of trade, the annual average demand for
gold coin from the Mint had been but little more than £1,000,000, the importation of sovereigns issued by the Sydney and
Melbourne Mints having each year been sufficient to make up
the quantity of new coin required by the Bank of England.
The Crown Agents for the Colonies invite tenders on the 2nd
the total value of the coinage was




States is also

given

:
1880-1.

Imports of wheat.cwt.42,266,510
Imports of flour
9,740,741
Sales of home-grown

produce

24,068,000

Total
76,075,251
Deduct
exports
or
wheat and flour..... 1,012,240

1878-9.
1877-8.
35,203,729 42,009,092
6,612,223 6,449,204

20,082,000

36,160,000 28,197,000

1879-80.

English

wneat for season (qr.)
Visible supply of wheat

•

43s. Od.

76,655,296
1,409,608 l,43o,419
76,566,294 75,219,877
51s. 3d.
40s. 6d.

71,821,673 77,975,952

1,075,038

75,063,011 70,749,635

Result

Av’ge price of

44,067,416
7,675,257

46a. lOd.

The following return shows the extent of the imports and
exports of cereal produce into, and the exports from, the United
Kingdom during the first thirty-nine weeks of the season, com¬
pared with the corresponding period in the three previous

EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.

Exports.

Gold.

Week.

seasons :
IMPORTS.

1880-81.
Wheat

Barley

1879-80.

1878-79.

cwt.42,266,510

44,087.416

35,203,729

9,549,910
0,745,172
1,614,355

11.459.002

42,009,092

8,018,412

10,070,424
1,490,479

7,935,303
1,149,196

10,457,247
8,330,650
1.329,833
2,503,002
23,891,330

Oats
Peas
Beans

Indian
Flour..

l.'810,810
25,006,904
9,740,741

corn

1877-78.#

1,940,479

956,539

20,162.364
7,675,257

24,596,884
6,612,223

Great Britain
Fiance

cwt.

Barley
Oats
Peas
Beans
Indian
Hour

corn

912,29G
45,430

951,841
26,118

555,495
66,164

79.047

34,098
193,238

36,538

14,934
10,683

416,869
123,197

324,834
103,570

8,698

135,810

5,366

146,872
217,116
100,791

$14,061

$28,098,407

Mexico
South America
All other countries

1,380,118

96,950
71,124

44,380
67,747
17,139

Great Britain
France

17,171

Germany

$7,559
448,855
720,873

$173,137
2,049,935
1,044,869

$174,300

$4,504,875

$17,519

26,050
114,157
10,204

34,724

t

Total 1881
Total 1880
Total 1879

follows for the week ending June 10:

34,117

Silver.

The daily closing quotations for securities, &c., at London,
and for breadstuffs and provisions at Liverpool, are reported
as

7.559

Total 1881
Total 1880
Total 1879

EasUali market He ports—Per Cable.

by cable

639,641
4,727,751

2,000

West Indies
Mexico
8outh America
All other countries

99,944

$20,020^221
2

West Indies

6,499,204

186.975
55,301

$

Since Jan. l

2,000

1,306,088

87,629

$4,200

....

Week.

Germany

EXPORTS.

Wheat

$.

Imports.

Since Jan. 3

Of the

478,637
17,439

2

46,075

1.712,067
630,291

'

$118,772
285

24,337
18,446

935

$174,300

$1,698,069

$53,178

54,815
453,092

2,163,889
8,686,464

180,775
210,626

60,389

357,491
736,408
85,623
6,629

$1,365,597
2,518,196
4.042,994

above imports for the

week in 1881, $5,030 were
gold coin and $29,424 American silver coin. Of the
exports for the same time, $7,559 were American gold coin.
Texas Pacific—Southern Pacific.—A dispatch from Santa
Fe, New Mexico, dated June 4, states that, on the petition of the
Texas & Pacific ItR. Co., a temporary injunction was granted
May 26, by the Supreme Court of New Mexico, restraining the
Southern Pacific Railroad from operating or occupying 130
miles of its road in New Mexico. The suit is brought to recover
all that portion of the Southern Pacific built upon the land
grant of the Texas Pacific in New Mexico, which is over a
stretch of country from the Sansimon River, on the Arizona
line, to within four miles of El Paso, Texas, a tract of 130 miles.
A temporary injunction has been granted, and Judge S. B.
Newcomb, of Las Crnces, has been appointed temporary
Receiver. The order to show cause why the injunction and
American

London.

Sat.

Silver, per oz
Consols for money

58

51

d.

Mon.

.

lOO'ho
1007]6

Consols for account
Fr’ch rentes (in Paris) fr. 87-1212
U. S. 5s of 1881
1063*
U. 8. 4*2S of 1891
118*3
U. 8. 4s of 1907
120*o
Brie, common stock
50%
Hlinois Central
148*4

Pennsylvania
Philadelphia & Reading.
New York Central

68*2

jHoliday

i

o

51%

51*2
100* ih

8707
106
118
121

49%
147*2
68
153

Sat.

Mon.

Tues.

<i.

s.

3
4
3
6

12
9
9
9
9
4
72
44

Flour (ex. State.. 100 lb. 12
9
Wheat, No. 1, wh.
“
9
Spring, No. 2...
“
9
Winter, West.,n.
“
Cal. white
“
9
4
Corn, mix.,W.new
“
Pork, West. mess..$ bbl 72
Bacon, long clear, cwt.. 14
Beef, pr. mess, new,$tc. 37
Lard, prime West. $ cwt. 55
Cheese. Am. choice, new 54

2

9*2
0
0
0
0
0

3
o

§

Wed.

100*16
100&16

30%

155*'

Liverpool.

Tues.

89
55
54

d.
3
4
3
6
2

Thurs.

Fri.

51*2

51%

991ole 100*16

100°]« 100%
100*4
36-77*2 86-77*2 37-70
105*2
105*4
105*2
118
117*2
117%
120%
120*2
120*2
49*4
50%
49%
146*2
146%
147*2
67%
68
30%
30*2
30%
153
152*2
153*2
Wed.
s.

12
9
9
9
9
9*2 4
0
72
0
44
0
90
55
0
0
54

d.
3
4
3
6

Thurs.
8.

12
9
9
9
2
9
9*2 4
0
72
0
43
0
90
3
55
0
52

d.
3
4
3
6
2

Fid.
8.

12
9

9
9
9
9*2 4
0
72
6
43
0
90
0
54
0
50

d.
3
4

3
6
2

9*2
0
6
0
6
0

Receiver should not be continued is made returnable at Santa
Fe on June 24.
—Messrs. Fisk & Hatch

National Banks Organized.—The
banks were organized this week:

following-named national

2,531—The Mercer National Bank of Harrodshurg, Ky. Authorized
capital, $60,000; paid-in capital, $50,000. James II. Moore,
President; Robert C. Nuckols, Cashier.
2,532 -The First National Bank of El Paso, Texas. Authorized capital,
$50,000; paid-in capital, $50,000. J. Reynolds, President;
John W. Bollars, Cashier.
2,533—The Ciiizens’ National Bank of Crawfordsville, Ind. Authorized
capital, $75,000; paid-in capital, $75,000.
Alexander F.
Ramsey, President; Benjamin Wasson, Cashier.

the

closing out, at 106 and

pany. and the proceeds of which are being applied to the extens¬
ion of the eastern terminus of the road to Newport News, the

equipment, and other improvements and addi¬
Application will be made at once to
place these bonds on the list of the Stock Exchange.
—The New York, New England & Western Investment Com¬
pany, whose card appears in another column, has been reor¬
ganized with the following board of directors : Mr. Joseph P,
Hale, President, in place of Mr. John C. Short; Geo. Moore,
purchase of

tions to the

®0»mucucialaii(XI|Xiscena:tteous^curs.

announce

of all the balance of the $2,000,000 Chesapeake &
Ohio Series A Bonds, which they have been selling for the com¬

interest,

new

property.

Vice-President; John W. Deford, Second Vice-President, and
Mr. Geo. W. Debevoise, Secretary and Treasurer.
—The attention of holders of second mortgage income bonds
of the Indianapolis Decatur & Springfield Railway Company is
called to the advertisement of the Secretary in our columns to¬

a close in which they can avail
privileges offered by the company.
Imports and Exports for the Week.—The imports of last
—The Ontario Silver Mining Company of Utah announces its
week, compared with those of the preceding week, show sixty-eighth dividend (for May), amounting to $75,000, and
a decrease in
both dry goods and general merchandise. making a total of $3,500,000 thus far paid out.
—The Deadwood-Terra Gold Mining Company, of Dakota,
The total imports were $4,455,215, against $8,600,722 the
pre¬ has declared a
$40,000 dividend for the month of May, payable
ceding week and $8,923,923 two weeks previous. The exports
at Wells, Fargo & Co.’s on the 20th instant.
for the week ended June 7 amounted to $6,617,107,
against

day,

as

the time is drawing to

themselves of the

$8,317,641 last week amd $7,077,845 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) June 2 and for the week ending (for general
merchandise) June 3 : also totals since January 1;

BANKING AND FINANCIAL.
OFFICE

OF

FISK

&

HATCH,

FOREIGN IMPORTS AT NEW YORK.
——

-

■

-

■

-

—

NO. 5 NASSAU STREET,

■

For Week.

1878.

Dry Goods

Total

In

1881.

$1,043,040

3,837,247

$1,304,539

4,309,360

6,012,156

$801,503
3,653,712

$4,695,355

$5,352,400

$7,316,695

$4,455,215

$36,296,503

$40,034,978

$58,877,908

$47,907,372

97,535,137

168,046,746

133,849,273

Total
Since Jan. 1.
Gen'l mer’dise..

1880.

*858.10*

Gen’l mer’dise..

Dry Goods

1879.

99,893,821

$127,195,33 4 $137,570,115 $22G,924,654 $181,756,645

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

New,

Of the
which
are

York,

May 30,

$2,000,000 CHESAPEAKE <fc OHIO “SERIE3 A” BONDS,

we

have been selling for the company at 105 and interest, there

but about $200,000

remaining for sale; the price for those is ad¬

vanced to 106 and interest.
This road is in active and successful

of

EXPORTS FROM NEW YORK FOR TIIK WEEK.

For the week...
Prev. reported..

$6,677,748
145,507,513

1879.

$5,540,538

1830.

1881.

$9,240,630
156,609,094

$6,617,107
163,292,847

Total s’ce Jan. 1 .$152,185,266 $133,823,438 $165,849,724

$169,909,954

133.237,900

The following table shows the exports and
imports of specie
at the port of New York for the week
ending June 4 and since

January 1, 1881:




operation, and will

earn

this year,

net, three-fold all its interest payments.
The ELIZABETHTOWN LEXINGTON & BIG SANDY RAILROAB

Mortgage Bonds have sold so rapidly that the prioe is advanoed

First
from

1878.

1881.

to-day to 103 and interest.

This road is the western continuation of the CHESAPEAKE &
and will connect it with the entire

Both the above bonds pay
New York
ment.

OHIO,

system of roads West and Southwest.

their interest promptly and regularly i»

city, in gold coin, and

we

regard them as an excellent invest-

Interest six per cent.
FISK & HATCH.

THE

11, 1884. J

June

The

gghx jankers7 (gazette.

and

a

following table shows the changes from the previous week
comparison with the two preceding years :
1881.
June 4.

DIVIDENDS;
The following

Name

dividends have reoontlv been announced:
Per
cent.

ef Company.

Railroad*.
Connecticut River
Ohio. & N. W. pref. (quar.y
Do.
do.
com
Morris & Essex...:
N. Y. Cent. <fc Hud. R. (quar.)
N. Y. & Harlem
Northern Central

YORK,

(Days inclusive.)

1

July

2*2
1%

July

I June

$2 50 July

1 June
10 May

June

3*2

Spring Mountain Coal
Western Union Tel. (quar.)
NEW

'-2

0

Union Pacific
Miscellaneous.
American Express ..’

Payable.

2» June 17 to June 29
28 June 17 to June 29
1 June* 11 to
July 1
July 15 June 16 to July 19
1 Juue 16 to July 1
July

4
3

Pennsylvania Co

Books Closed.

June
June

3
3

Loans and dis.

When

July

4

12 to

July 1

12 to July 1
30 to June 10

Specie
Circulation...
Net deposits .

JUNE

10,

1SS1-5

P.

Differences fr*m
previous week.

1880.
June 5.

1879.
June 7.

$341,094.90(1 Inc .$9,069,200 $276,056,000 $258,332,700
18,996,700
61,109.000
76,052,100 Dec. 3,082,700
19.263.300 Dec.

37,900

20,059,900
266,839,000

19.977.800
226,963,300
42.822.800

Legal tenders.

339,548.600 Inc. 7,365,800
308,500
18.325.300 Dec.

Legal reserve.
Reserve held.

$84,887,150 Inc.$1,841,450
94,377,400 Dec. 3,391,200

$66,709,750
83,043,800

$56,740,825

$9,490,250 Doc,$5,232,650

$16,334,050

$5,078,675

Surplus

21,934,800

61,819,500

Exchange.—The market for foreign exchange has shown at
more animation and firmer prices, but to-day rates were
steady. On actual business they are about 4 83/£@4 84 for
prime bankers’ 60 days sterling, and 4 85^@4 86 for demand;
times
about

cable transfers about 4 86(554

86^.

1

,

Quotations for foreign exchange are as follows:

1*2

FRIDAY,

629

CHRONICLE

M.

Sixty Days.

June 10.

Posted Rates.

Demand.

Posted Rates.

Market and Financial Situation.—The bank
4 85%®4 861a
4 83%®4 84*2
movements of the country are a matter of so much importance Prime bankers’ sterling bills on London. 4
4 84*2'8>4 85
82%a>4 83
Prime commercial
4 84
4 82
@4 8412
<a>4 8212
now that unusual interest centres in the national bank returns
Documentary commercial
5 22*2®5 20
5 19%3>5 1712
Paris (francs)
the
made to
Comptroller of the Currency. It will be observed Amsterdam (guilders)
40ie® 4030
39i5]fi3> 4018
94%® 95ig
9414 ® 94%
that in the short space of less than two months, from March 11 Frankfort or Bremen (reichmarks)
to May 6, there was a large rise in several leading items of the
United States Bonds.—The weakness in prices noticed in our
bank statement, and the total of resources and liabilities in¬ last report was occasioned by the return to this market of a
creased no less than $130,000,000. The following is the abstract large amount of coupon fives from abroad. The holders of these
could not obtain 3/6 percent coupon bonds, and registered bonds
made to the Comptroller, showing the condition of the national
they do not want; hence they made haste to push their bonds
banks of the United States, including national gold banks, at over here, and get the high price for them which this market
afforded. Prices are again stronger, and at the close 4%s of
the close of business on May 6, 18S1, and March 11, 1881:
1891 sold at about 115%; 4s of 1907 at 117%; 6s continued at 3%,
Resources.
Mau 6, 1881.
Mar. 11,1881.
Loans and discounts
$1,089,412,901 $1,069,660,001 103 ; 5s continued at 3%, 102%.
Overdrafts
4,236,480
4,126,748
The closing urices at the New York Board have been as follows:
United States bonds to secure circulation
The Money

352,653,500
15,240,000

United States bonds to secure deposits..
United States bonds on hand.
Other stocks, bonds and mortgages
Due from approved reserve agents
Due from other national banks..".
Due from State banks and bankers
Real estate, furniture and fixtures

44,116,500
52,908,123

128,017,350
63,221,699
16,938,734
47,791,348
*
6,096,109
4,024,763

Current expenses and taxes paid
Premiums paid
Checks and other cash items

11,826,603

Exchanges for Clearing nouse

196,633,558

Bills of other national banks
Fractional currency
Gold coin
Gold Treasury certificates
Gold clearing-house certificates
Silver coin
Silver Treasury certificates

25,120,933
386,950
65,002,542
5,351,300
44,194,000
6,820,379
1,160,340
62,516,296

Legal tender notes...
United States certificates of

339,861,950

14,851,500
46,580,650
49.625,654
120,849,907
62,267,993
17,030,568

47,440.790
7,810,930

3,530,516
10.144,682
147,761,543

17,733,032
386,569

53,916,465
5,523,400
38,461,000

6,250.370
1,004,960

52,156,439

deposit for

legal-tender notes
Five' per cent redemption fund

8,045,000
15,572,501
2,876,097

Due from United States Treasurer

Total

6,110,000
14,991,211
2,034,058

$2,270,264,014 $2,140,110,944
Liabilities.

Capital stock paid in
Surplus fund
Other undivided profits
National bank notes issued...Amouut

on

hand

Amount

outstanding
bank notes outstanding

State
Dividends unpaid

Individual deposits
United Slates deposits
Deposits of U. S. disbursing officers

Due to other national banks
Due to State banks and bankers....
Notes and bills rediscounted
Bills payable

Total

$459,039,205

$458,254,935

124,405,926

122 470,996

54,9t»6,090
-315,171,335
5,434,142
309,737,193

54,072,225
303,026,980
4,436,178
298,590,802
247,788

252,647
2,617,134
1,027,077,710
9,504,081
3,371,512
191,250,091
80,700,506
2,908,370
4,493,544
'

1,407,089

933,392,436
7,381,149
3,839,324
181,677,285
71,579.477
2,616,203
4,581,231

$2,270,261,014 $2,140,110,944

*

The amount ©f circulation outstanding at tlie date named, as shown
was $353,326,051, which amount includes
the notes of insolvent banks, of those in voluntary liquidation, and of
those which have deposited legal tender notes uuder the act of Juue 20,
1874, for the purpose of retiiiug their circulation.

by the books of this office,

The money

market has worked easily enough, except for the

temporary disturbance which was caused by the payment on
Tuesday of $14,949,052 in New York (in one check, deposited in
the Bank of
the
the

Commerce)

for

account

of

the purchase

of

Philadelphia Wilmington & Baltimore Railroad stock by
Pennsylvania Railroad. This large amount was to be dis-

buraed gradually to some 2,700 late holders of the stock,

residing
mainly in New England. In consequence of this transaction, or
else making this a pretext for high rates, call loans were bid
up
to 5 per cent on
Tuesday and Wednesday. With that exception
the range for call money on Government and stock collaterals
has been 2@4 per cent. Time loans for 60 days,
2@4^ per cent.
Prime commercial paper, sixty days to four months, 3@4 per
cent.

The Rank of

England statement on Thursday showed a de¬
£17,500 in specie. The ratio of reserve to liabilities
was 46 5-16,
against 45% last week ; the discount rate remains at
per cent.
The weekly statement of the Bank of France
shows an increase in gold of 3,175,000 francs and an increase in
silver of 887,500 francs.
crease

of

The

last statement of the New York

City Clearing-House

banks, issued June 4, showed a decrease in the surplus above
legal reserve of $5,232,650, the total surplus being $9,490,250,
against $14,722,900 the previous week.




Interest June
4.
Periods.

June
6.

June
7.

June
8.

June
9.

June
10.

103*4 102% *102% *102%
6s, continued at 3%.. J. & J. *103*2 103
*101% 101% •101
5s, 1881
reg. Q.-Feb. *101*4 *101*8 *101
103
103%
5s, 1881
coup. Q.-Feb. *104*4 104 *4 103*2 103
114% *115
4*flS, 1891
reg. Q.-Mar. *115% *115% *115% *115
*114% *115
4%s,1891
coup. Q.-Mar. *115% 115% *115% *115
116% *116%
117*4 117*8 *117% 117
reg. Q.-Jan.
4s, 1907
*117% 117% 118
4s, 1907
coup. Q.-Jan. *118*4 118*8 118

63, cur’cy, 1895..reg. J. &
6s, cur’cy, 1896..reg. J. &
6s, cur’cy, 1897..reg. J. &
6s, cur’cy, 1898..reg. J. &
6s, cur’cy, 1899..reg. J. &
*

This is tlie

J. *130
J. *131

J. *132
J. *133
J. *134

*130
*131
*132
*133
*134

*130
*131
*132
*133
*134

*130
*131
*132
*134
*135

*130
*131
*132
*133
*134

*130

*131
*132
134
*136

«

price bid at the morning board; no sale was made.

State and Railroad Bonds.—The
bonds have not been active, and the

dealings in Southern State

low-priced bonds have been

particularly sluggish. Virginia bonds are not much affected by
the meeting of the re-adjusters in Richmond. Louisiana bonds
have been firmer, and a considerable amount has been pur¬
chased here for New Orleans account.
Railroad bonds have been active, as usual,
have come into prominence for their large

and several bonds

sales and rising

prices, the Rome Watertown & Ogdensburg consols being most
conspicuous, and selling to-day up to 107 at the close. The new
Ohio Southern Incomes opened at 61 and closed at 64. The last
sale to-day of Texas & Pacific? Income L. G. was $105,000. at
92% ; in the last hour $432,000 sold at the board from 91% to
92%.
Railroad and Miscellaneous Stocks.—The week
has
shown a fair business in stocks without any great move¬
ment in one direction or the other. The tone of confidence,
upon the whole, seems to be well maintained, and in some
leading stocks there has been a further advance in prices.
The reported difficulty between the New York Central ana Erie,
on the matter of grain transportation, is likely to be settled
when it suits the parties, and there is little confidence, even
among the bears, that any general war of freightYates will take
place! A reduction of 5 cents for 100 lbs. from Chicago to New
York was called for by Commissioner Fink, which may be fol¬
lowed by a restoration to the former basis.
It is a pertinent question now for stock operators to ask
whether the market is not in such a position that it demands
new events as stimulants to advance prices, or even to keep
them up to the present standard. So far, these events have not
been wanting, and hardly a week has j^assed from the first
of the year until the present time, that some important develop¬
ment has not been made, and a new consolidation, ext ension,
scrip dividend, or other transaction of equal moment, has taken
place with one railroad corporation or another, which has bulled
its stock, and had a certain influence on the whole market. This
week we have the report (not yet official) that Texas & Pacific
stock will be exchanged for Missouri Pacific, on the basis of five
shares of the latter for six of the former, and an official notice
comes from the transfer agent that the Texas & Pacific stock is
now $14,814,700, though it was less than $8,000,000 when last
heard from. The Central of New Jersey has made a new loan,
and has also effected its traffic contract over the Pennsylvania Road
to the West.
The Panama Railroad stock sale has been virtually
concluded at a price which gives about 290 per share to the
stockholders. It is confirmed that Milwaukee & St. Paul has
been
authorized to issue to
its
stockholders $5,000,000
new stock at par.
The elevated stocks in New York have been
especially weak. Central Pacific was notably strong; Railroad
earnings are reported at much length on another page.

THE CHRONICLE

630

EXCHANGE FOR THE WEEK, AND SINCE JAN. 1.

RANGE IN PRICES AT THE N. Y. STOCK

Juue 4.

RAILROADS
Albany <t*. Susquehanna

Burlington Cedar Rapids tfc No.

1st

2d

Do

48i4
83

82%

77%
37% 37 %
101 % 104*8
95
OOij
30% 31 •
47
34%

47
*34

pref
pref

4

143ia 143

Chicago »& Alton

pref
Chicago Burlington cfc Quincy..
..
Chicago tfc Eastern Illinois

74%

75

Canada Southern
Cedar Falls tfc Minnesota
Central of New Jersey
Central Pacific
I)o

*125
50
48
83
82%
75
76%

J

48%
83
70%

101% 10234
94% 96
30% 31
46 % 46 %
33% 33%
143% 143%

102% 103%
95% 95%
30% 30%

167% 167%

167

81

si

74%

75%

34

34

*78

169

169

Chicago Milwaukee <fc St. Paul.
Do
pref.
Chicago «ft Northwestern
pref..

Do

Chicago Rock Isl. <ft Pacific. ...
Chicago St,. T..
New Orleans
Chicago St. Paul Minn. tfc. Oni
Do
"
"""T-pref.
Cincinnati Sandusky <fc Clev....

Delaware Lackawanna <fc
Denver tfc Rio Grande

135

131%
144
145

45% 46%
106% 107

98%

97%

Cleveland Col. Cin. <fc Ind
Cleveland <fe Pittsburg guar
Columbus Chic. <fc Intf. Central.

Danbury tfc. Norwalk

128%

127
135
128 Hi
*143
144

32%
143% 143%

167

127% 128%
135
135%
129% 13034
*143
144
145%
143% 144% 144
84
83
84 % *82
46
45 s4 46
46%
107
107% 107% 108%
62
62
62 % 62 %
97
97
97% 98%
129%
134% 135
128% 130

West.

126% 127%
109% 1H%

Pittsburg
.".
Flint tfc. Perc Marquette, pref.
Hannibal tfc St. Joseph
Do
pref

126

127

110

112%

46%

Houston <fc Texas Central

Illinois Central
Indiana Bloom’n <fc West., new.
International tfc Gt. Northern
Keokuk tfc Dps Moines
Do
pref
Lake Erie <fc Western T
Lake Shore

800

~ 147

1,105
1,620

147

125%
133%
128%
143%
143%

127%
134%
130
143%
145

127
135

126% 127

82

82

128% 129%
144

*

145

145%

44%

46
106% 108

107

45%
107%

97%

97%

97%

107%

97
140

140

97%

26

28%

107

141

*

26%

126% 1.26% i.27%
111% 112% 111% 112%
86

*84

27%

126% 127
111% 111%
86

86

85

85

97%

26%

27%

126

86

131% 133%

62%

130

131%

32

107% 108

Milwaukee <fc Northern
Missouri Kansas tfc Texas
Missouri Pacific
Mobile tfc Ohio
Morris tfc Essex

107

108

19

27%
55%
18%

28%
55%
18%

84

83

84

28%
55%

28%
55%

19
82

130% 131%

107% 107%

106

i’07%

101

103

64%

50% 51%
108% 108%

49
50%
107% 108

129% 130

130

94
113

61%

..

Do
pref.
New York cfc New England
New York New Haven & Hart.
New York Ontario <fc Western
Do
pref.
Norfolk & Western, pref
Northern Pacific
Do
pref
Ohio Central
Ohio «fc Mississippi
Do
prof
Ohio Southern
Panama
Peoria Decatur<fc Evansville...

i’47% i'50

147%
113%
47%

112% 113
49

48

89%

89

88%

36%

37%

90
64

90
66 %

43%
83%

43%

44%
84%
36%
44%

47%

48%

60

61%

35

27%

28

55

56

83%
93%
109% 111

93%

110% 111%

42

40 L

45

" 49%

96
81

96

St. Louis Iron Mt. tfc Southern.
Bt. Louis & San Francisco
Do
nref.
1st pref.
Do
Paul
St.
tfc Duluth

81%
51% 52%
78% 79%
1113* 112

Do
St. Paul Miimenp.

88
*95

.»

.

Texas <fc Pacific
Texas tfc St. Louis
Toledo Delphos tfc
TJniou Pacific

..

pref

Tfc Manitoba
..

33
127

67%
33%

128%
53% 53%

Wabash St. Louis & Pacific
Do
pref.

36%
64
43

65

RA Jo

44

43%

82%

84

34%

35%

44%
83% 84%
35% 35 34

43%

44%

44

-

46%

48
G0%

i90

60

41

43

46%

46%

98
80
51

9 8
80
52

78

78

93

93%

53

55

66%

67

32% 33
126% 127%
62% 53%
93% 93%

..

Atlantic tfc Pacific Telegraph
Canton Co
~
Delaware tfc Hudson Canal
New York <fe Texas Laud

Oregon Railway tfc Nav. Co

111% 112%
47
165

Pacific Mail

52%

Pullman Palace Car
Sutro Tunnel
Western Union Telegraph
Do
ex-certificates
-

135

2%
127

88%

47

165%
54%
135

2%

Mariposa Laud <fc Mining

Maryland Coal
Ontario Silver Mining

Quicksilver Mining .?
Do
w pref
Standard Consol. Mining
Cameron Coal
7
Central Arizona Mining
Cumberland Coal ,fc Iron

Deadwood Mining
Excelsior Mining"
New Central Coal
Silver Cliff Mining
*

These

are




the prices

64%

32%
39
17%
64 34
24%

31%

24%

24%

44

42
4

42 34
4

.

*434
6%

31%
17
63

7%

5
6%

6%

127%
89

149%
110
48%
89%

*186

83

84

GO
140

47%

81%

52
78%

52%
79

*95

98li*

67

69%

95

48

53%

60%
140

49

51%

59%

60

140

43%

48
68

50

42%
50%

68

68

68

96%

96%

81%

82

51

51%

77%

78%

86%

86 %

68%

71

43%
50%

73

49%

50%

72

72

109% 112
165

52%
138
2

54%

94%

140
2%

136
86

74%

*127%

400

71%

72%

115,750

45

45
......

*

46

46

52%

53%

141
142%
.2%
2%

64%

67

40%

40%

6%

31%
*38
*15

3%

33i!

31%
38%

62

24%
43%

24%
45
4%

*7 %
4%

*9A

!

61

*4

65 %
40

>

66 %
40
O.ri

3%

31%

SI1**

38

38.

| *17
*23%
43%

19
24
44%

*4

4%

7
1

7
3%

1

7%
4 %1

I

t:

hid and asked—no sale was made at the Board.

600

*45
165 - 166
53
53%
141% 146%

2%
2%
128% 129%
89% 91%

39%
*24
*3
4
*31
37
*17
62
*23

44%
4%
*7

1%

25

3%
4

31%
37
19
62

05 %
40
25
*3

5%
31%
38%
*17
62

23%
45%
4%

23%
44%
'4%

8

7

1%

1%
31%

66
40%

10,050
120

1,700
45,110

19
62

G91

1,553
737

36i.

66% 114%
99
124%
87% 130
14«Vj

51
Jan. 22
109% Jan. 24
67% May 19
101% May 23 61
96%
142
May 10 106% 129%
9% 25%
32% May 20
77
53
May 24 50
Mar. 9
131
68% 110%
113% Juno 7 61% 86%
83
86% May 31 60
•

110
91
85

••

May 13
Mar. 23

May 25
May 25

116

June

22% 50 78
63% 105

4

44
38

J une 4
Feb. 21

16% Jan. 26
Feb. 25 110% May 18
58

Jan.

9
6
41
85 %

June 9
7 113
46% Feb. 14

59% May
24
May
15
May
90% May

J an.
4
Jan.
7
Feb. 18

26
21
21
24

4,100

32
500

50
18

3%
2%
29%

12%
43

Fob. 14

83

121

126% Jan. 20
64% June 2
59
May 27
54
May 21
110
May 19
39
May 19

75

130%

126

*

49%

28%

12
29%
Juno 3 100
123
131
102
Mar. 21
47% 128
155
Jan.
3 122
155%
130% Feb. 15 109
127%
51%
52% Jan. 15 30
95
Jan. 10 47
93%

65% May 23
June 2 155
43% Feb. 2 20
90
J an. 29 70

187

Juno 7
Feb. 26
Jan.
5
Jan.
6

48
66
34
53

89% Jan.

4

Jan. 15
Jan.
3

30
135

120
Jan.
02% Jan.

70
51
85

180

32%
85%

May 26
Maf. 17

May 25
37% May 21

36

20

67%
28%
44%
102
57%

39%
14
23

47% May 20
May 21
37% Juue 10
277% Juue 7 168
126

52

74% Feb. 12
96
Jan. 13

225

51% Jan.
Jan.

65
67
43

3

Apr. 19

•••••«

80

26%
51%
50
57%
32

113%
48

88%
81

75

_

May 23

55

Julie 7

19%

Jan. 15

28
26

21% Jan.

6

27

Feb. 17

Apr. 27

45% May 26

Jan. 20
June 1
June 8
Juno 8

7
20
14
7

Apr. 27
Jan. 11

47%

Juno 2 106% 122
66%
May 23 54
55
.1 une 10 42
118
J une 10 100

6
5

25
4
10
7
1
26
3%

88

May 21

Jau.
Jan.

6

33% Jan. 10
13
53

79%

3 107% 146
4%
%
Apr. 13
June 10 77% 116%

4
7
9
Apr. 22
35
May 27
38% June 10
20
Apr. 8
68% May 18

Jan.

100
40

Jan.

29% Jan.
8% Feb.

May 25
% Jan. 5
% Jan. 4

25

25
50
67
30

53%
May 26
63
73% June 9 40
60
92%
IT 5%'Mar. 7
30
47
June 4 25
147
190
Feb. 21 102
62% Feb. 18 27% 62
56

5 139%
6 88%
4 74%
4 129

May 23

150
500

24

57%

60

J an.

165

30
21
30

June 4
90
Feb. 25 112
26
Feb.
9 42% May 4
70
Mar. 8 89% May 25
88Jan.
7 98% May 27
June 9
41% Jan. 4 •73
41% May 13 47 % May 23
38
Mar. 10
23
May 13

35
31
25
1

1,300

139%

28%
73% Feb. 9 13% 72%
129
Jan. 19 142
127
May 17 112
129
June 10 111
130
Jau.
7 116
26
Apr. 14 43^Juue 7
25
Apr. 1 50% June 3 19% 35
42
39
Feb. 28 77% May 12 15
Juno 4 143% May 25 42% 112
96
May 20 34% 66
52% Jan.
4 82
39
Mar. 24
52%June 3 25% 48
65
61
Jan.
4 81%Juno 3 33

60

300
500
600
900

43%
42 34

174
109

18

100
425

77

June 10

23,400

18,407
1,200

1%

97%

25%

148% May 21 100% 204
88
48
May 23 22

112

23%

7

•>7 1-

90%

147% Jan. 17 104

772
•

4o %

4%

6

May 26
Jan. 19

45% Jan. 4
4,000 130% May 14 151
Feb.
5
1
2%
11,200
35,100
80% Jan. 3 129%
77
Apr. 19 92%
14,515

25

3%
5%
32%
38%

140
136

2,250
160,910 105% Feb. 25 128% June 10
58
39
Feb. 25
22,500
May 14
77
Feb. 25 96% May 16
27,055

72

138
136% 13G% *137
87
87
86% 87
74
% 74%
74
74
74%
129
129
1128 128

67
39%

,

9,200

136
86%

65%

800

51

110% 110% 109% 110%

127% 128% 128% 129%
89
89%
88% 89

127% 128%
88% 89%

87
98 ^

51

165

53%

78%

127% 128%
53% 54%
94
94%

*

2,224

26,626
14,150
1,750

111

...

127%

54%

36,048
4,010

82%
51%

*81%
51%
77%
87
*95

93%

20

200
635

87%

87

i.27% i‘26%
54%
93%

59%

129% June

20,720
13,950
Apr. 26
53,730 103% Apr. 19
Mar. 22
5,600 42
53
May 20
81,380
39% Feb. 25
85
Jan. 28
24,625
1,600
18% Feb. 26
Feb. 25
3,640 118
63
Jan.
6
4,940
Feb. 25
67,610 140
3,657 103 May 4
150,360 43% Feb. 25
8,200
82% Feb. 25
60
May 10
120 164% Mar. 25
28
"Jan.
4
17,650
60
70
May 14
61
10,600
May 28
10,400
32% Jan. 13
12,100
64% Jan. 25
16,512 "23% Jan. 5
10,800
36% Jan. 4
100
97% Jan. 8
34
June 9
10,600
242 219% Jan.
7
51,100
27% Jan. 4
50
Feb. 25
7,500

146
146
41% 42%
49% 50

111

*95
70%

900
300

c-

111% 111%

.

1.26%
53%
92%

52

51%
59%

140

42%

51%
77% 78
110% 111

33% 33%
127% 128%
53% 55%

93%

48%

51

111

83%
34%
43%

34% 35%
35%
43% 44%
44%
44%
118%
118% 118% 118
34 ‘ 37%
36% 37%

35%

47%

431..

*3%

734

51%

109%

64%
43%

*9A

*30

*

91%
110% 111%
61% 62%

63

6334
25
4

4%
.20
*7%
8

92%

*185

1,775

12%

83%

83

60

"‘>4
*3%

4

93

43%

.63

42%

83%

92

63%
43%
83%

*86
88
74
74
127% 128

*24

83%

17

OO

20%
95
20

21% Apr. 26
34
Jan. 12

61
43

*135% 140

17
63

18

80%
81%

25

15,545
2,965

63%
43%
83%

87
73

*38
17%
*63 "

18

50
40
14
45
63
15

4

35,110

61%
42%

13G

63

Colorado Coal tfc Iron
Consolidation Coal
TTnmeRtake Mining

54%

Jan.

27%
54%

RA3.

86
73

60

54%

Feb. 17

38% Jan.

107%

25%
54%

May 26

Jan. 27
56
4 65% June 2
Feb. 25 135% Jan. 20

41

79

36%

136

COAL AND MINING.

114
27%

May 26
Jan. 14

1 i)(j
J an.
0
99% 159^
Mar. 23 153
Jan.
7 117
160
Feb. 26 182% Jau. 17 113
183%
95
Apr. 21
May 17

44

36%

111
111% 112
111%
*45%
165
165% 165% 165
52% 53%
53% 53%
138 “
134% 136% 138
2%
2%
2%
2%

126% 126%

107

JLZU

Apr. 19

100
100

37%

83%
34%
43%

Jan. 25

216,750 118

52 %

36%

138
86% 86%
*71% 73
127
127%

138

Wells, Fargo <fc Co

53%

127% 126% 128
87% 88%
89%

EXPRESS.

Adams
American
United States

53%

*4o

36%

81%
111

131% 132%

55

36%

48
60%

42%
47%

11,770

37%

44%

47%
60%

63

*45

51
50% 51%
109% 109% 109
34 %
33% 33%
129% 129% 129% 127%
89
88% 88%
89
149% 148
148% 148
110
110% 109%
113
47% 48%
47%
47%
89
88% 89%

MISCELLANEOUS.
American District Telegraph
American Union Telegraph

55

51%
109%

*186

*186
37
37%

88
100

66%

Burlington

142%

130% 131%

100

197
Jau.
8 250
May 23 158 200
63
Feb. 26
93% May 23 49% 91%
1,050
Jan.
4 146% May 21 99% 127%
5,415 124
6,144
48% May 2 57% May 19
6
50
Jail.
92
May 6 37% 50%
9
200
Jan. 10 30% June 2
14
20%

91%

62%

110% 111%
61% 62%

63

03

“

High

98% May 23
33% May 14
48% May 14
36% May 14

62,260 101% Feb. 25
Feb. 25
2,100 117
Feb. 25
51,190 117
305 131% Feb. 26
4,600 129 Feb. 26
.Tan.
4
40
'700
6,100 40% Mar. 25
91
Feb. 25
16,400
1,100
41% Feb. 1
Feb. 25
81
3,655
127% Jan. 29
32,235
19% Jan. 4
100
60
May 12
156,800 107 Jan. 4
82% Jan. 4
49,015
227
76 % Apr.
8
110
May 13
89% Mar. 17
5,800
44% Jan. 4
94
Feb. 26
2,900

260

142
52

12%
83
93

*138

pref.

83%
114%

*

123.

84%
94

Bt. Louis Alton <fc Terre Haute.
Do

114
★

63%

105
26

277% 277%

Philadelphia <fc Reading
Pittsburg Ft. Wayne <fe Chic
Rensselaer <fc Saratoga
Rochester tfc. Pittsburg
Rome Watertown tfc Ogdensb’g

83%

107% 107%

27%
54%

27%
54%

'56
50% 5134
108% 109% 109
34
33%
33% 34%
130 ‘ 130 ° 130% 129%
89
89% 89%
149% 148% 149% 147%
110%
112
113% 112
47
48%
47% 48%
89
89%
89%

187

187

..

‘

100

12 34
84

92% 94
110% 111%
62% 63%

93%
111

32%

Nashville Chattanooga tfc St. L.
New York Central tfc Hudson
New York Elevated
New York Lake Erie <fc West..

62

62%

61%

61% 63
131% 132%

100

Cincinnati, 1st pref.
2d pref.
Memphis <fc Charleston
?
Metropolitan Elevated
Michigan Central
Milwaukee L. Sh. <fe West., pref

141% 142%
51% 52%

32

tfc Chic

Marietta tfc
Do

89% 89%
142
142%
52
52%

90

44

tfc Missouri ltiver....

Louisville tfc Nashville
Louisville New Albany
Manhattan
Manhattan Beach Co

83
83%
83%
*113% 114%
113% 114

83

*200
90

250

23
132
140
160

20

55 ""
63 %

55
63
44

Long Island

61%

5,000
2,050

Low.

37

80% Feb. 25
20% Jan. 19
32% Jan. 12

90

129
129%
140%
140
144% 145%
84
84
45
45%

Af-ivIR

90
90
16
.Tail. 18
40
82% Jan.
4 112

16,620

33

166% 167

142% 14334
52% 53

14134 14334
54%

69
66

32%
167.

44%

89

52%

250

Feb. 26
Feb. 24
Feb. 25

63il48

27

27 %

.

Louisiana

89

8,500

37

46 %

126
134

126% 127%
111% 113%

*

91
142% 144%
53% 54%

7

30%

167

83 a4 84
82% 84
113% 114% *113% 114%

90%

5 131

Apr.

46

166% 167%

29%

86

*200

Harlem

Jan

45

31

Erie

83% 84
113% 114%

120

56,050
1,700

103% 104%
95% 98%

Highest.

50

•

76%
34

143% 143%

*140

141

28%

29%

86

86

Dubuque <fc Sioux City

28%

82

Lowest.

*143

127

29%

76%

46%

48%

*78
75

81

74%

46

46
32

33
144%

*

28%

48%

Range for
Range Since Jan. 1, 1881. Year
1880.

870

53

53

52
48

102% 103% 103% 104%
95
96%
94% 95%
30
30%
29% 30%

47%

47%
33
144

51%
47%

50

Do

.

June 10.

9.

une

Sales of
the Week,
Shares.

Friday,

Thursday,

8.

June

<.

130

51 %

*

J uu©

6.

une

130
51
48 %

Boston tfc N. Y? Air-Line pref...
Buffalo Pittsburg<fc Western...

Chesapeake tfc Ohio

J

Wednesday,

Tuesday,

Mondav,

Saturday,

PRICES.

LOWEST

AND

HIGHEST

DAILY

STOCKS.

[Vol. XX2PO,

»

2%

30%
4%

16

27

30
9

39%

45
20

24%
78%
34
•*••••

Feb. 14
Juno 3
Jan.
3
Jan.
8

2
23

21%

11%

25%

6

25*3

9
Apr. 13

20
2%

35% Feb.
7

1%

55
42%
39%
39

70

35

6%

June

quotations or STATE and railroad

bonds and miscellaneous securities.

STATE

76%

'

6s,

•

funded, 1899-1900...

7s, L. Rock A Ft. S. iss.
7s, Memp. * L.Roek RR
7s L. R. P. B.A N.O. RR
7s, Miss. O. A R. R. RR.
7s. Arkansas Cent. RR.

100

34
15
15

36

62

1914

Special tax, class 1, ’98-9

112
112
108
120
121
122
35

RAILROAD

BONDS

Funding act, 1866-1900.
New

(Stock Exchange Price*.)

Central—1st, 6s, 1918
Balt.AO.—1st, 6s, Prk.Br.
83
Bost. II. A E.—1st mort..
Bur. Ced. R.A No.—1st, 5s
Minn. A St. L.—lst,7s,gu *122
Ala.

•

!

I 83%

West.—1st, 7s
C.Rap.Ia.F.A N.—1st,6s
Iowa C.A

*

La. A Mo.—1st m., guar.
2d mort., 7s, 1900 .
St. L. Jack. A Ch.—1st m

1st, guar. (564), 7s. ’94

(360), 7s, 1898.
2d, guar. (188), 7s, ’98.

Miss.R.Br’ge—lst.s.f. 6s
Chic. Bur. A Quincy—
8 p. c., 1st rnort., 1883 ..
Consol mort., 7s, 1903..
5s, sinking fund, 1901..

Ced. F. A Minn.—lstm.
Ind.Bl. A W.—1st, prof., 7s
1st mort., 3-4-5-os, 1909

105
105

2d mort., 3-4-5-6s, 1909.

Indianap.D.A Spr.—1st,7s

110
130

Chic. Rk. I si. A Pac.—

6s, coup., 1917.
6s, 1917, registered

132
133

*130

Keo. A Des M.—1st, g.,5s
Central of N.J.—lstm.,’90

106

121% 122
1st consol., assented, ’99 118% 119
Conv., assented, 1902... *117%

Adjustment, 7s, 1903...
Left.AW B.—Con.g’d.as.

Am. Dock A Im.—Ass’d.

Chic. Milw. A St. P.—
1st mort., 8s, P. B., 1898
2d m., 7 3-10, P. D., 1898
1st
1st
1st
1st
1st

m.,7s, $ g., R.D.,1902
m., LaC. Diy., 1893..
m., I. A M., 1897....
in., I. A D., 1899
m., C. A M., 1903....
....

C.onsol. 7s, 1905
2d mort., 7s, 1884
1st, 7s, I.A D. Ext.,1908

111%

......

111% 112
130%
139
130
131

135
123
130
123
129
129
130
130
102
128

128%

130

Div., 1st, 6s, 1909. 100%
1st, 5s, La.A Dav., 1910. 100% 102%
111
1st S. Minn.Div.,6s,1910
120%
1st m., H. A D., 7s, 1910
Ch.A Pac, Div., 6s, 1910 112
102%
1st Chic. A P.W.,5s,1921 102
104
Min’l Pt. Div., 5s, 1910. 102,
Chicago A Northwest,—
Sinking fund, 7s, 1885..
Interest bonds, 7s, 1883 105%
Consol, bonds, 7s, 1915.. *133% 134
Extension bonds, 7s, ’85
113
113 Hi
1st mort,, 7s, 1885
126%!
Coupon gold, 7s, 1902... 126
126
Reg., gold, 7s, 1902
112 Hi
110
Sinking fund, 6s, 1929..
Sinking fund, reg
S. W.

Iowa Midl’iid—1st in., 8s
Galena A Chic.—Exten.
Peninsula—1st in., cony.
Chicago A Mil.—1st m..
Winona A St, P.—1st m.

132 Hi

1063a

i'05'

Mort. 7s, 1907
Svr.Bing. A N.Y.—1st,7s
Morris A Essex—1st m.
2d mort,, 1891

Bonds, 7s, 1900

c

114
130

i‘33"

133%

128%
125%
125%

126”

125
127

Cons., assented, .1904-6.
2d mort., income, 1911..
II. A Cent. Mo.—1st,’90.
Mobile A O.—New m., 6s.

120 Hi

119

N.Y.C.A N.—Gen.,6s,1910
N.Y.A New Eng.—1st, 7s.
1st m., 6s, 1905
Nevada Cent.—1st m., 6s.
N. Pac.—G.l.gr.,lstcon.6s

119%
Registered 6s, 1921
mort,, coup., 7s, ’94. 117
1st mort,, reg., 7s, ’94... 117% 119
N.Pac.—B’ndctfs, 6s,1921
125
N.
126
O. Pac.—1st, 6s,g.,1920
1st, Pa. Div., cp.,7s,1917
127
Norf. AW.—G.l.m.,6s,1931
*124
Reg., 7s, 1917
Alb. A Susq.—1st m., 7s 114
Ohio A Miss.—Consol, s. f.
110
2d mort., 7s, 1885
Consolidated 7s, 1898...
2d consolidated, 7s,1911
1st,cons., guar.78,1906 125% i26
Hens. A Sar.—1st. coup.

_

1st mort,,

reg.,

1921

..

Denv. A Rio Gr.—1st, 1900

1st, consol., 7s, 1910....

Denv. So.P.A Pac.—1st, 7s
im, mort., extended.
2d mort., ext’d 5s, 1919-

135
135

i*21

109%
.

5th

mort.'.', ext..

7s. 1888.

Prices nominal.




1st m., Springfield Div..
Ohio Cent.—1st, 6s, 1920.

120%
lstm., Ter’l Tr., 6s, 1920
Ohio So.—1st M., 6s, 1921.
120% 121
110% 110% Panamar—S.F. sub.6s,1897
Peoria Dec. A Ev.—1st, 6s
no
110
111

109%
......

IO334
90
130 Hi

100

107

97%
111% 111%
87% 88%
97

ii4*’ ii"7”

Evans. Div.,1st, 6s, 1920
Pac. RRs.—C.Pac.—G.,6s.

San

Joaquin Branch..

Cal.A Oregon—1st m..
t And accrued interest.

Sinking funds, 8s, ’93
Registered 8s, 1893...
Collateral trust, 6s
Kans. Pac.—1st, 6s,’95
1st m., 6s, 1896. ..i..

Den.Div.,6s,a88’d,’99
1st cons.,

6s, 193 9...

Cent, Br. U. Pac.—lst.Os
Funded coups., 7s, ’95.

Atch.C.AP.-lst,6s.l905
At. Jew. Co. AW.—1st, 6s
Utah So.—Gen., 7s, 1909
Mo. Pac.—1st consol., 6s
3d mortgage, 7s, 1906.
Pacific of Mo.—1st, 6s
2d mort., 7s, 1891
St, L. A S.F.—2d, 6s, cl. A
3-6s, class C, 1906
3-6s, class B, 1906
1st, 6s, Peirce C. A O.
..

8
90

6s, new, 1867
6s, consol, bonds
6s, ex-matured coupon-..
6s, consol., 2d series
6s, deferred.

71 Hi
71 Hi
71 Hi

72

72

126%
86Hi
44 Hi

District of Columbia—

108

365s, 1924

108%

Registered
Funding 5s, 1899

111

small

Do
Do

111

registered

Mob. A O.—1st

106

106%! 106%
114

107

115

106% 107%
118
138

i*2<T

129% 130
129%
ii'i% 113
115%
113%
112% 112%
108% 108%
106

303%
115
109

Consol., Os, 1905
Income A l’dgr.,re
1st,Rio G.Div.,68,' ~

Pitts.Ft. W. A Ch.—1 st m
2d mort., 7s, 1912
3d mort, 7s, 1912
Clev. A Pittsb.—Con s., s.f
4th mort,, 6s, 1892
Col. Ch.A I. C.—1st, cons
2d con., 7s, 1909

1st, Tr’t Co. ctfs., ass’d
2d. Tr’t Co. ctfs., ass’d
1st,Tr’t Co.ctfs.,suppl.

St.L.Alton A T.H.—lstm.
2d rnort., ]>ref., 7s,
2d rnort., income, 7s, ’94
Bell e ville A S. Ill.—1 st m

1894.

St.P.Minu.A Man.—1st,7s
2d mort., 6s, 1909
-Dakota Ext,—6s, 1910
Tol. Del. A Bur.—Main. 6s

1st, Dayt, Div., 6s, 1910
1st, Ter’l trust, 6s, 1910
Wab. St, L. A Pac.—
General rnort., 6s, 1920.
Chic. Div.—5s, 1910
Hav. Div.—6s, 1910
Tol. P.AW.—1st, 7s,1917

Wabash—Mort. 7s of ’09
Tol. AW.—1st,ext.,7s

110%
116% 120

106% 107
96
96%

110
111

103% 106%
91% 92
101% 102
105

101% 102
100% 101
102

104

117%
108%
114% 115

ili Ha

113%
120%
*100
106

*125
121
121

112%

(Interest payable if earned.)

Ala. Cent.—Inc. 6s, 1918.
Central of N. J.—1908....

102% Chic.St.L.AN.O.—2d, 1907
Col.Chic.AI.C.—Inc.7s,’90

Cent. Ia.—Coup.deb.certs.
122 Hi
Chic.St.P.AM.—L.g.mc.6s
124 Hi 125% Chic. A E. Ill.—Inc., 1907
120
121% Ind.Bl. AWest.—Inc., 1919
Ind’s Dec. ASpr’d—2d inc.
106% 107
Trust Co. certificates...
105
101% 101% Int. A Gt. North.—2d Inc.
2d assented, 6s, 1909....

104
102
75

12234

Lehigh A W.B.Coal—1888
1107 108% Lake E. AW.—Inc. 7s, ’99
117
%
Sand’ky Div.—Inc., 1920
117%
Laf. Bl. A Mun.—Inc.7 s, ’99
Ill
Mil.
L. S. A W.—Incomes.
110
110

* No price Friday—these are

Plain Income 6s, 1896..
St.L.A. AT.H.—Div. b’nds
Tol.Del.A B.—Inc.6s.1910

58

64%

66

61%

62

*90%
58%

92
59

%

100

94%

101

95

80
......

57

38
80
61
61

90

Miscellaneous List.
Bost. Hartf. A E.—Stock.
Chic.A Can.So.—1st, g.,7s
Chic. A S’west.—7s, guar.
Cin. Ind. St. L. A Chic.—
1st mort., 6s, 1920 .
Cin. A Ind.—1st, 7s, ’92.

2d, 7s, 1887
Ind. Cin. A

Laf.—7s, ’97

7s, 1888

3%
67
122

3%
71
....

106%
112
107
112
109

116
....

Ill

120
112

85%
122
106

27

87
45

100

41%
100
21
16
39

107
60
21

93
50
26
106
94
110

*8l”
64

Southern Securities
(Broker's Quotations.)
STATES.
So. Car.—Consol.

6s(good)

108
56

110

114
115
95
Income, 6s
80
111
Stock
97
Car. Central—1st, 6s, 1923
Cent. Ga.—Consol, m., 7s. 120
xl24
Stock
Charl’te C.A A.—Consol. 7s 111
i’15
104
2d mort., 7s
120%
58
Stock
104
107% Chic.St.L. A N.O.—New 5s 100
120
E. Tenu.Va. A Ga.—1st, 7s
180
Stock
112
123
Georgia Railroad—7s
112
68
185
Stock
Memph.AChar.—lst.cons. 115
1st, consol., Tenn. lien.. 114
83
Stock
Miss. Central—ist m., 7s. 105
112
2d mort., 8s
105
N. O. A Jackson—1st, 8s. 116
110
Certificate, 2d mort., 8s. 117
75%
30
Norf. AW.—Stock, com..

117
116
97
84
100
125
126
113
106
60
105
122
190
115
114
190
118
118
84
108
116
120
120

111

Ill.AS.I.—1st, 7s, 1882 *102

Naples—1st, 7s

St’gl.AR’y—Ser.B.,iuc.’94

97%
67
57
92
68

Col. A Hock.Val.—1st, 7s. tll3
tlOo 2d rnort., 7s
116
Col. A Toledo—1st m., 7s.
133
131
109
2d mort., 7s.
124% Des M.A Ft.Dodge—lst.Os 106
127%
83%
Galv.H.A Hen.—7s, g.,’71
*114
Gr. Rapids A Ind.—1st, 7s 115
135
tll2
1st mort., 7s, guar
101%
Ex-land grant
125
22%
Stock
Indianap. A Vine.—1st, 7s 111
121
.24%
102
2d rnort., Os
121
85
Kansas A Neb.—1st mort.
40
2d mort
Long Island—1st mort.. . 115
90
104% 104%
2d mort
39
108%
Stock
120
98
Midland of N.J.—lst.new113
20
114%
Iucome, “A”
114% 115
15
Income, “B”
37 %
116% 117
Stock
112
N. J. So.—Int. guar.,6s.’99 105%
50
93% 94
N.Y.AG’nw’d L.—1st,7s,n
19
*116%
2d mort
91
*116
St. Joseph A Pac.—1st m
45
*107
2d mort
118
25
St. Jos. A West’n—Stock
113
100
South Side, L. I.—1st, 7s.
107
Tex. A St, L.—1st, 6s,1910
*106% 107% Utah Central—1st mort.. 100
*99% 101
Utah Southern—1st mort. 115
98
79
Wis.Cent.*-lst series, new
63
2d series, new

2d mort., 78. 1893 ... 110
Q. A T.—1st, 7s, 1890. *110
Han. A

Peoria D. A Ev.—Incomes
Evansv. Div.—Inc.,1920
Roch. A Pitts.—Inc., 1921
St. Louis I. Mt. A So.—

(Broker's Quotations.)

1st, St. L. I)iv., 78,1889
2d mort,, ext., 7s, ’93.. *111% 112
59
Equipm’t bonds,7 s, ’83
Consol., conv., 7s,1907
Gt, West.—1st, 7s. ’88.

Ogdensb.AL.C.—Inc. 1920

55'

Dayton Div.—6s, 1910.. t
Tex.ASt.L.—L.g.,iuc.l920

116

103

97

pref.deben

2d pref. debentures
3d pref. debentures
4th pref. debentures...
N. Y.LakeE. AW.—Inc. 6s
N.Y.l’.A O.—lstinc.ac.5-7
N.O. M.A Tex.—Deb.scrip
Ohio Cent.—Income, 1920
Ohio So.—2d Inc., 6s,1921

1st, 7 s, pret., Int. accum
2d, 6s, int. acc’mulative

107
109

INCOME BONDS.

103

108

8%
8%

Equipment, 7s, 1895.. *102

So. Pacific of Mo.—lstm
Tex. A Pac.—1st,6s,1905

St.L.K.C.AN.—R.e.,7s
Om.Div.—1st mort., 7s
Clarinda Br.—6s, 1919
St.C.B.—1st, 7-8s,1908
No. Missouri—1st, 7s.
134
117 Hi 11734 West.U. Tel.—1900, coup.
1900, reg
96% Spring Val. W. W.—1st, 6s
Oregon RR. ANav.—1st,6s

1st

7 Hi

Pacific.—Continu’d

State Aid bonds,7s,’84
Land grant bonds, 6s.
West. Pac.—Bonds, 6s
So. Pac. of Cal.—1st, 6s.
Union Pacific—1st mort.
Land grants, 7s, ’87-9.

Gen.c.r’yA l.g.,5s,1931..

..

N.Y.Pa.AO.—Pr.l’n,6s,’95

6s, new, 1866

118

114%

1113
fe6s, 1887
1104
6s, real estate, 1883
106
6s, subscription, 1883.. 104
N. Y. C. A H.—lstm.,cp. 138
1st mort., reg., 1903
Huds. R.-7s,2d, s.f.,’85
Canada So.—1st, int. gu. 103% 104%
135
Harlem—1st m., 7s, cp.. 134
1st mort., 7s,leg.,1900
N. Y. Elev’d—1st, 7s, 1906

138
118
111

7%
7%

10

40
38
38

Virginia—6s, old

111

107%

61

*121

Nash.Chat. A St.L—1st, 7s 1123 Hi
105%
1103
N. Y. Central—6s, 1883

..

6s, old, 1892-8
6s, new, 1892-8-1900
6s, new series, 1914

102%

St. L.V.AT.H.—lst,g.,7
2d mort., 7s, 1898 —
2d m., guar., 7s, 1898.
Rome W.AOg.—Con., 1st
Roch.A Pitt,—1st,6s,1921
St. Louis A I. Mount.—1st
2d rnort., 7s, 1897
Arkansas Br.—1st mort.
Cairo A Fulton—1st m.
Cairo Ark. A T.—1st m.

ids”
110
60

22
22
7

9

Tennessee—

Small bonds

Pennsylvania RR—
Pa. Co’s guar. 4%s 1st c.
Registered, 1921

109%

127

lstm.,consol., guar..7s 126%
Del. AH.C.—lstm.,7s,1884 109*4
......

116

Mil. ANo.—1st,4-5-6s,1910
Mil. L.S. AW.—1 st 6s, 1921
Mo. K. A T.—Gen.,con., 6s

7s of 1871-1901

1st mort., 7s, 1891
1st mort., ext,, 7s, 1891.

111

104 %

2d mort:, 7s, 1907
124
C. C. C.A Ind’s—1st,7s,s. f. *
125
Consol, mort., 7s, 1914.. 124
C St.L. AN.O.-Ten.lien,7s 113%
113%
lstm., con., 7s, 1897
C. St. P.M.A O.—Cons., 6s 105% 106
C.St.P.AM.—lst.6s.1918 112%
No. Wise.—1st, 6s, 1930.
St.P.AS.C.-lst, 6s,1919 112% 113
111
Chic.A E.I11.—1st,s.f.,cur. *
Del. Lack. A West.—

7s, convertible, 1892....

113

121
Consol., 7s, 1898
2d mort., 7s. gold, 1883. *104%
Cecilian Br’cli—7s, 1907 110
N.O. AMob.—1st,6s,1930 107% ids”
107
E. 11. A N.—1st, 6s, 1919 106
109%
Gen’l mort., 6s, 1930..
Pensacola Div—6s, 1920
St. L. Div.—1st, 6s, 1921
2d mort., 3s, 1980
Nasliv. A Dec.—1st, 7s.
S. A N.Ala.—S.f.,0s,1910
L. Erie A W.—1st, 6s, 1919

Ask.

MISCELLANEOUS SECURITIES.

118
122
96
84
109 Hi

Sandusky Div., 6s, 1919. ii)6%
Laf. Bl.A M.—1st. 6s, 1919 110
Louisv.N. A lb. A C.—1 st,6s 108
Manhat.B’eli Co.—7s,1899 *100
N.Y.A M.B’h—1st,7s,’97 110
Marietta A Ciu.—1st, 7s..
1st mort,, sterling
Metrop’lit’n El.—1st,1908 103%
89
2d mort., 6s, 1899
Mich.Cent.—Con.,7s, 1902 129
1st mort., 8s, 1882, s. f.. 107
Equipm’nt bonds, 8s,’83
6s, 1909
Jack. Lan.A S—6s, 1891

122

•

Int. A Gf.No.—1st, 6s, gold
Lake Shore A Mich. S.—
Mich. So. A N.I., s.fd, 7s
Cleve. A Tol.—Sink. fd..
Now bonds, 7s, 1886..
Cleve. P. A Ash.—7s
Buff. A Erie—New bds.
Buff. A State Line—7s..
Kal.-A W. Pigeon—1st .
Det.M.A T.—1st;7s, 1906
Lake Shore—Div. bonds
Consol., coup., 1st., 7s
Consol., reg., 1st, 7s...
Consol., coup., 2d, 7s..
Consol., reg., 2d, 7s ...
Louisville. A Nashville—

6s, Act Mar. 23,1869 >
non-fundable, 1888.. J

13
13

88%
83

1910

Bid.

SECURITIES.
South Carolina—

35
130
130
110
110

7

Os, coupon, 1893-99

T02% Fl’tAP. Marq.-M.6s,1920 112%
Gal.Har.A S.Ant’o— 1st,6s 107
1st, La Gr. Ext., 6s,1910
107%
2d rnort., 7s, 1904
104
Gulf Col. A S. Fc—7s, 1909 124 Hi 125
118
Han. A St. Jos.—8s, conv. 111%
Houston A Texas Cent.—
'89% 1 * 00
116%
1st mort., 1. gr., 7s
65% ! 65%
1st mort., West. Div., 7s 113H 114
1st mort.,Waco A N., 7s
105% 107
2d, consol., main line, 8s 131
1
2d, Waco A N., 8s, 1915
Income and indenm’y,7s 100
*117
Gen. mort., 6s, 1921
106% 10734
Ill.Cent.—Dub. A S. C., 1st
118% 120
Dub. A S. C.. 2d Div., 7s *109
120

2dm.

Ask.

Rhode Island-

.

Central Iowa—1st, 7s, ’99
Cheasp. A O.—Pur. m’y fd.
6s, gold, ser. B, iut. def.
6s, currency, int. def ...
Chicago A Alton—1st m..
Income 7s, 1883
Sinking fund, 6s, 1903..
Joliet A Chicago—1st in.

class 2
class 3

6s, 1881
6s, 1886

Ceil.

st,consol., gold, 7s,1920 132
Long Dock bonds,7s, ’93
Bu ft. N. Y. A E. —1 st, 1916
N.Y.L.E. A W.-New2d,6 t
1st, consol., fd. cp., 7s.
2d, consol., fd. cp., 5s

bonds, J.AJ., ’92-8

Do
Do
Consol. 4s,
Small
Ohio-

AND

1

1868-1898.

Do

Erie—Continued—

Railroad Bonds.

off, J.AJ.
off, A. A O.

1101*

Os, gold, reg., 1887
6s, gold, coup., 1887
6s, loan, 1883
6s, loan, 1891
6s, loan, 1892
6s, loan, 1893
62%
N. Carolina—6s, old, J.AJ.

do

coup,
coup,

Do
A. AO
Chatham RR

111

Do
New York-

A. AO

111
113
114
115
115
118

’87.

j

118

Do
Do
Do

105

6s, due 1887
6s, due 1888
6s, due 1889 or 1890
Asyl’m or Univ., due ’92
Funding, 1894-’95
Hannibal A St. Jo., ’86.

16%

111%
111%

*.

6s, due 1882 or 1883
6s, due 1886

16

Bid.

SECURITIES.

Os, old, A.A: O
No. Carolina RR., J.AJ.

103
118

Missouri—

86%

105
110

7s, new, 1886
7s, endorsed, 1886
7s, gold, 1890

7s, consol.,
7a, small

97
84
100

6s, 1883
7s, 1890

f

Connecticntr—6s, 1883-4..
Georgia—6s. 1886

Louisiana—

77
77

75%

BONDS.

N. Carolina—Continued-

Michigan—

AlabamaClass A, 2 to 5, 1906....
Class A, 2 to 6, small
Class B, 5s, 1906
Class C, 2 to 4,1906
6s, 10-208, 1900
Arkansas-r

A 8k.

Bid.

SECURITIES.

Ask.

Bid.

SECURITIES.

681

CHRONICLE.

THE

11, 1881.]

*.f

consol
Virginia—New 10-408
Browne,

—

Atl. A Gulf—Consol.7s,’97
Atl.A Charlotte—1st, 7s..

Northeast.,S.C.—lstm.,8s

104"
102

78%

57

RAILROADS.

2d mort.. 8s
Port Royal A Aug.—1st,6s
Rich. A Dan.—1st, cons.,6s
Stock
South w. Ga.—Conv. 7s, ’86

101%
Stock
101
101%
S.Carolina RR.—1st m., 7s
94% 98
Stock, assessment paid.
82% 83%
76
74
7s, 1902, non-enjoined..
Non-mort. bonds
89
84
93
Western, N. C.—1st, 7s...
......

latest quotations made this week.

125

•32%
.....

119
105

110

107
107

109
110

T

140 ! 145
107
63
60
121
119
77
75

107% 108%

<532

THE

CHRONICLE,

New York Local Securities.

Quotations

[VOL. XXXII,

Boston, Philadelphia and Baltimore.

m

Insurance Stock List.
Bank £tock List.

Price.

Companies.

Marked thus (*)

Par.

are

America*
Am. Exchange

L0O
100
100
25
25
100
100
25
100
25
100
100
700
100
25
25
100
100
100
100
30
50
75
1(H)

...

Bowery
Broadway
Butchers’ & Drov’rs’
Central

Chatham
Chemical
Cltiaens’

City
Commerce

Continental
Corn Exchange*
East River..
Eleventh Ward*
Fifth
Fifth Avenue*
First
Fourth
Fulton

Gallatin
German American*.
German Exchange*.

Germania*
Hanover

Imp. and Traders’...

140

Amc.rirjin

123

American

.

-

.

135

-

HO
1781
.

....

•

.

•

230
.

!

.

•

•

•

.

.

•

130
160
•

•

363

..

...

125
130
250
yj

....

....

...

*

•

.

.

Metropolitan

Mount Morris*

•

Murray Hill*

•

People’s*
Phenix
Produoe*

Republic
§t. Nicholas

Seventh Ward
Second
Shoe and Leather.
Sixth
State of New York..
Third
.

Tradesmen’s
Union
United 8tates
West Side*

Guardian

Tfomp.

Hope
Howard

•

•

...

130
....

•

.

#

•

100
•..

•

-

«

•

¥

f

....

|

ICO
145

..

•

•

•

•

1

103
•

•

•

•

•

•

•

•

Lafayette (Br'klyn).
Lenox

163

•

....

„

«

„

110
•

•

(B’klyn)

Lori Hard
Manufac’rs’ & Build.
Manhattan
Meeh. & Traders’...
Mechanic"’ (B’klyn).
Merchants’

National
New York Equitable
New York Fire
New York & Boston.
New York City

•

....

140

.

.

.

Phenix
Relief
•

•

•

•

Republic
Rutgers’

.

■

~z.

Star

145

.

Tradesmen’s
United Staten.

•

•

.

•

....

70
110

.loston «
do

'lOO
110
KtO
115
120
.90

300
70

150
105
9U

100
s>

Westchester
WHIiamsburg City..

-

too
85

210
70
i 15
t 6
7'»
117
70
150
115
170
16)
y0
130

65
no

90

'

112
00
145
108
1*10
150
Ho

100
25
25
25
10
50

125
115
150
115
153
110
65
70
185
no
230
120
200

125
210

1 15

1 0

133
88
75
150
pA5

136
95
80

110
75
115
105
130
115
210

120
80

*

*

*

*

City Railroad Stocks and Bonds.

[Gaa Quotations

oy ueorge

Has Companies.

114

11b

Chicago Burl. & Quincy 4»...
yuiiii.
rassumpslc, 7*, li9<.
iaetern, Mass., 4/sS, new. ...
Fitchburg UR., 6«

Brooklyn Gas Light Co

25
20

CUiaens’Gas Co (Bklyn)

do

„

Harlem

bonds

;

1,000
50
20
50
100

Jersey City * Hoboken
Manhattan

Metropolitan

Vr.

Mutual, N. Y
do

100

bonds

1,000

Nassau, Brooklyn

do

„

25
Va
100
10

scrip

New York

.

People’s (Brooklyn)

Bondi;
Bonds
Central ot New York

1,000
Var.
50
50

I

Williamsburg
do

boDds

1,000

Metropolitan., Brooklyn

100
100

Municipal

do
bonds
Fulton Municipal

..."

...

5

1,200,000
315,000 A.& O.
1,850.000 F.&A.
750,000 J.& J.
4,000,000 J.& J.
2,500,000 M.& S.
1,000,000 M. & S.
5,000,000 Quar.
1,000,000 F.& A.
1,000,000 Var.
700,000 Itt.&N.
4,000,000 M.&N.
1,000,000 I. A .1.
375,000 MAN.
125,000 Var.
406,000 F.& A.
1,000,000 Quar,
1,000,000 A.& 0.
1,000,000 M. &N.
3.000,000
I
750,000 M. &N.
f
|1 500,0001
.

i

"

100

Ask.

Var.
Var.

Aug., ’80
.1838

Feb.

’78

Chi

July, ’80

.Jam. ’81
1900

Jan., ’81
Apr., ’81
8

188S

...I

Concord
Connecticut River
Conn. & Passumpalc
.
Eastern (Mass.)
Eastern (New Hampshire)...
Fltchhnrg.
Flint & Peru Marq
do
pref
Fort Scott & Gulf, pref..

BleeckerSt. &

Fult.

Ferry—St’k

1st mortgage
Broadway & Seventh av- St’k
1st mortgage

Brooklyn City—Stock

1st mortgage
Broadway (Brooklyn)—Stock
Brooklyn * Hunter’s Pt.—St’k
1st mortgage bonds
Bushwick Av. (B’klyn)—Stock.
Central Pk. N. & E. tiiv.—Stock
Consolidated mort. bonds....
Ohristopher & Tenth St.—Stock
.

100

1,000
100

1,000
10

1,000
100
100

1,000
100
100

1,000
100

900,000 J. & J.
094,000 J. & J.

2,100,000 Q-J.
1,500,000 J.&D.
2,000,000 Q-F.
300,000
200,000
400,000
300.000
500,000

M.&N.

Q-J.
A. & O.
J. * J.
J. & J.

1,800,000 Q-J.
1,200,000 J.&D.
650,000 F.& A.

Bonds
1,000
250,000 J. & J.
Dry Dock E.B.& Batt’ry—Stock
100 1,200.000 Q-F.
1st mortgage, consolidated
500* c
900,000 J. & D.
Eighth Avenne—Stock
100 1,000,000 Q-J.
1st mortgage
1,000
203,000 J. & J.
4SJd 8t. Sc Grand 8t. Ferry—St’k
100
748,000 vl.&N.
1st mortgage
1,000
236,000 A.&O.
Central Cross Town—Stock
100
600,000
1st mortgage
1,000
200,000 M.&N.
Houst.West St.& Pav.F’y—St’k
100
250,000
..

,t

1st mortgage
Second Avenue—Stock
3d mortgage
Consol, convertible
Extension
SUth Avenue—Stock

500
100

1,000

Twenty-third Street—Stock.
_

1st mortgage
*

This

coiumn shows




..

2
7

2%
7
3
7
3
7
0
7
...

7

2%

200,000 M.& 8.
750,000 M.&N.
1,000
500,000 J. & J.
100 2,000,000 Q-F.
1,000 *.000.000 J. & J.
100
000,000 F. & A.
1.000
250,0001 M.& N.

7
5
7
5
7
4
7

last dividend

on

.

7

1,050,000 M.&N.

150,000 *.*o.

H Jan., ’FI

2%

7
7

cOO&c
100

1st mortgage
Third Avenue—Stock
1st mortgage

500,000 J. * J.

1,199,600 J.&J.

7
2
7
5
7
3
2
7

!

!

2.3 m 20
J’lv,1900i J08
(12
*°1
130
135
Apl..
June "84 103% 106
170
May, *81 165
Nov., ’80 102
110
Apl., ’81 140
150
Apr., ’81 93
100
1888
102% 105
Jan., ’81 95
100
125
Apl.. ’81 118
Dec.1902 113
116
Feb.. ’81 90
10O
1898
100
110
Mav. ’81 165
June, ’93 114
118
May, ’81 175
Jan.. ’8* 100
HO
May, ’81 185
115
Apr., ’93 HO
50
Nov.1904 105
no
50
J uly. *94 105
no
115
Jan., •81 11C
Apr , ’85 100
102%
•
>ct.. ’80 105
108
Sent.-. ’83 106
Feb., ’81 200
115
Ju.y, ’90‘ 110
May, *81 180
114
Juiy, ’90, 112
155
Feb., ’81 145
Mav. ’93 105
112

stocks, out the date of maturity of bonds.

j North. Penn. 1st in. 8s, cp-.’SS.
do
do
do

do

33 m

92 m
88

33%

93

38k

2dm.6i. 9>8..

do
do
ao

13L
107
15

27

30

R o Grande D

25

8*

60%
2»

30%
193

6s, op.,’96.
7s,’99
6s, 1909
W. Jercey* At .Ltin Ss, cp. 110
Western Penn. RK. 6s,cp.’9‘. 115
do
6s P. B.,’96. 111
do
do

1st m.
cons.

CANAL BONDS.

47%

Pennsylvania 6s, coup., ’.910. 105
Schuylk. Nav.lst m.6s.rg.,’97
do
2d m. 6s, reg., 1307 90%

14 H

Susquehanna
RAILROAD BONDS.

128
125
57

iio

io?

100%
114

19% 120

.

105%

iio

t**

15

108%
118

120%
119
103
95

Maryland 6s, defense, J.& J.. 105%

m

6s, exempt, 1887
do
6s, 189U, quarterly,
do
3s, quarterly
Baltimore 6s,
6s 1884, quarterly. lulu 108
110
112
do
6s, .886, J.* J
119
do
6s, 1890, quarterly... 118
do
117%
6s, park, 1890, Q.—M.
do
6s, 1893, M.& S
do
68,exetn pt,’33,M.&8
ao

do
do
do

6s, 1900, Q —J,

68,1902, J. &J
5s, 19i6, new
Norfolk water, 88

_

125%

12J
125

126

Par.
100 205

210

^

125
125
10

50

17%
47%

Western Maryland
50
Central Ohio......
50
Plttsourg & Uonnell8vtlle..50

16

53%
18%

BONDS.

Balt. & Ohio 6s, 1885,A.&O. . ,ll 9
N. W. Va. 3d m.,guar.,’85,J*J
Plttsb.& Connellav.7s,’98^T*J 126
Northern Central <5s. ’85, J&J
do
68.1900, A.*0.
do 6s, gld,1900, J.AJ. 117
Cen. Ohio 6s, 1st m.,’90,M.& S.
\V. Md. 6s, 1st m., gr.,’90,J.*J. 12 L
do
1st m., 1890, J. &J...
do
2d m.,guar., J.* J....
do
2d m., pref
do 2d m.,gr.by W.Co-J*J
do 6a. 3d in., guar,. J.& J. 125%
Mar. & Cln. 7s, *92, F. * A ... 124
do
2d, M. &N
92%
do
8s, 3d, J. * J
52%
Union RR. 1st, guar., J. & J..
dn
Canton endorsed. 119

109%
127

114%
123
113

.

10j

Por thare.

|11#%

BALTIMORE.

RAILROAD

Pennsylvania

106%

f-0

Chesap. & Dela. 1st 6s, rg.,’86
Delaware Division 6s, cp.,*78. 101

Northern Central..

Morns
do
pref

100
40

....

Balt.* Ohio
do
1st pref
do
2d pref
do
Wash. Branch.100
do
Parkersb’g Br..5U

.

.

9J

Union* T11U8V. 1st m. 7s, ’90.
United N. J. cons. m. 6s,’94.
Warren & F. 1st m.7s, ’96
119
West Chester cons. 7s, ’91
100
West Jersey 6s, deb., coup.,’80
120
do
let m.

railroad stocks.

Atlantic

7s,

108

v..

m.,6s,g.,1905
lnc.& 1. gr.,7s 1915
cons.

22% Lehigh Navlga. m.,6a, reg.,’84
ii7
53
do
mort. RR., rg ,’9‘.
do m. conv. g.,.r»-g..’94
do mort. gold,’97—
do cons. m.7s, rg.,1911
Morris, boat loan, reg., LS85... 1(0

CANAL STOCKS.

Cam. * Burlington Co. 6s’97.
CutuwlfliQ 1sr,.7fl. conv.. N2.

113

Sunbury & Erie 1st m. 7s, ’97..
^yra.Gen.* Corn’/,lsr,7&,19i>5
Texas & Pac. 1st m ,6s, g.,1905

Chesapeake & Delaware

Jo
2d m. 6s. ’85..
do
3d m. 6s,’87..
Camden * Amboy 6s,coup,’88
do
6s, coup., ’89
do
mort. 6s, ’89
Cam. * Atl. 1st m. 7s. g.t H93

62

I

io

35

Allegheny Vai.,7S-10s,1896... 126
do
7s, E. ext., 1910 119
do
65
Inc.7s, end.,’94
Belvldere Dela. 1st m., 6s,1902. 121

...

Stony Creek 1st in. 7s 1907...
Suub. Haz. & W.Jst m.,58.*2J

35

pref...

96%

Pitts.Cln.&St. L. 7s, cou.,lSGv 123% 124%
do
do
7s, reg., 19’*
32
;R'cli.& Danv.cou9.int.6s,19 5
Shamokm V.* Pottsv.7s, 1901
1U4
10% .Steubenv. & Ind. 1st, 6b, 1884.

141%

80 %

Schuylkill Navigation

197%

do mort., 7s, 1892-3
Phlla. Wllm. & Balt. 6s, ’84....

i34

34

47%

io7

01

'

25

Lehigh Navigation.....

5s,' 920

ao conv. 7s, R. C., 1893*
do
7s, coup, off,’93
Phll.&R.Coal&lr’n deb.7s,92*
do
deb. 78. cpe.off

56

24%

66%
Pennsylvania
2?m
Philadelphia * Erie
30
Pnlladelphla & Reading
Philadelphia* Trenton
Phlla. Wllmlng. * Baltimore
St. Paul & Duluth R.R. Com
do
do
pref.
United N. J. Companies
193%
West Chester consol, pref....

do

do
cons. m..7s,cp., 19.1 1*6%
do
do
ieg.,lsl 127
do cone.m.6\g.iitoi9il 110
do lni:>.m.,6sg„
18u'
do gefl.m.6j g.,C.lf0> 95%
85
do J n. ni.,~s,toup.,' b95
do d b. couo , is98’....
‘55
r o
do
c up. off, r93
72
do tcrip, 1832..

100
131

L05

pref

^

120

101%'.
ioi

Phlla. Newt’n & n.Y.. 1st m.
Phil.* R. 1st rn.6s.ex. due 19 0
do
do
1910 121
do
2d m.. 7s, cp..e3. 121

5s, g’d, lnt.,reg. or cp.
5s, reg., 1882-1892
5s, new, reg., 1894-1902 119

in ueiauiu

121
116

52

AND CITY BOND8.

68,10-15, reg.,ls77-’82.
6s, 15-25, reg.. !882-’92.
4s, reg., 1894-1904......
Philadelphia, 5s reg

•

122%|x22^

Perklomen 1st m. 6s.coup.,’8
Phlla. * Erie 2d sn. 7a, ep.,’38 119
do
cons. mort. 6s. 920

pref

2<1 m. cur.

140

i.02% iii"

31

107
163

55

...

91

126
155

133m
Old Colony
Portland Saco * Portsmouth 116
14 L
Pullman Palace Car
3im
Rutland, preferred
Kevere Beach & Lynn
lom
Tol. Del. & Bur....
Vermont* Massacuusetts..
Worcester* Nashua
3J
Wisconsin Central

do

136

....

153

.51

pref..

do

84%

Pa.& N.Y.C. & RR. 78,1896
127
do
'•
1906
Pennsylv.,gen. m. 6s,cp..l9;0
do
gen. m. 6s, rg:, 1910. 128
139%
do
cons.m. C;, rg., 1905
do
cone. m. 6s, cp., 1905.
12*4
o
io
125
5)
Penn. Co ,69. reg
108%

40

Norwich & Worcester

Ggdensb.* L.Champlain

Delaware Division.

94

lift

Ido new loan (s, reg

8$

Iowa Fall* & Sioux Cl y......
Little Rock* Fort Smith
Manchester & Lawrence....
Mar. Hough. * O .t
Mar. Hough. & O.'.t.. pref...
150
Nahsua* Lowell
New York* New England...
Northern of N. Hampshire...

West Jersey
West Jersey*

2d m.’.s,cp., *96.
gen. m. 7s, cp., 1903.
gen. m. 7s, reg., 1901

Oil Creek 1st m. 7s, coup.,’8L
rittsb. Tttusv. & B.,79,cp.,’96
da
Scrip

io.;

common.

Norfolk & Western, pref
do
do
com....
North Pennsylvania

[Quotations by H. L. Grant, Broker, 143 Broadway.]
*

oom
3u&j

—

’76

..

167
OL

do
pref
eom
new pref
do
56m
Delaware & Bound Brook.... 115
East Pennsylvania
1
40
Elmira * Williamsport
do
do
pref.. 55
P.
Har.
Mt. Joy & Lancaster.
Huntingdon* Broad Top... 16
do pref. 24
do
63
Lehigh Valley
Little Schuylkill
61
Siinehlll
c8
Nesquehonlng Valley
HO
Norristown

’8!
’81

119
112

...

...

do

..

do
do reg., 1H98...
do 24 m. 78, reg., 1910..
do
con. m., 6s,rg., 1923
do
do
6s,i p.,19.3
Little Schuylkill, 1st m.
|N. O. l\.c.. Dt in.. 6s, 1920

100

Lowel:
Maine.
Providence
preferred

W. Michigan
Sandusky & dev.......

Penna.
do
do
do
do
do

131

....

Albany

ao

125

115
luo

Lehigh Valley, lst.6s.cp.. 1S98 122

117
L74

Topeka

\ *

Cm.

125
l&j

78,1995...

do
53, IS -C
Ithaca* Athens 1st g a. Is.,*90
Junction 1st mort. 6*, ’82
do
2*1 mort. 6s, 1900

STOCKS.

&

cods. in.

O

I

—

Cutawlssa

V0

do

i:o

75'm

ao

1397
1900 &C

6

iiVm

...

■

1882

7
6
3
2

il?
108

7s

Buffalo Pitta. & Western —
do
pref.
Camden * Atlantic

Jan., ’31
Ap •., VI
Feb., ?81
3m Feb., ’81
1% Apr., ’81

2% Dec.
3m May,
4
May,
3m Jaii.’

ioy'm

do 68,n.,rg.,priorto’95 130
do 4s, various
RAILROAD STOCKS.f
6
Allegheny Valley.....

Apr., ‘31

3
7
7
6

ii-5>i

PHILADELPHIA.

Amovrnt. Period

2,000,000

...

127

Fort Scott & Gulf 7s
114
3 VA
Hartford A Erie 7s....
83
K.. ( Itv Lawrence & So. 4s...
i25
K»w. City. rtt. Jo.&O. B. is. . 124
Little tl’k & Ft. sti'.itb, 78,1st 118
ubm
New York & New Eng. 65— 112
h*%
do
<8
122m
New Mexico & So. Pac. 7’...
107
Dguensburg A Lake Ch.6v..
Inc
do
75
Old Colony, 7s
Old Colony, 6s
121
Pueblo & Ark. Valley, 7s
103
lc5
Rutland 6s,1st mort
Vermont<5?. Mass. KR.. 6e
Vermont* Canada, ne w 6s.

135
121

H. Prentiss,Broker, 1? Wall Street.]

Par.

Nehr. 6m

AtchLon
Boston &
Boston &
Boston*
Boston &
Cheshire

Bid. Ask.

..

...

75

i27m

ioston & Lowell 7s
6s
do
Boston & Providence 7s
durl. & Mo., land grant 7s...
119
do
Nebr. 6s
.Ex

STATE

Gam and

6a

do
C

123>&

127*. 128

Albany 7s

a-.

8EOTJHITIK8.

Catawissi. chat, m., 10s, ’88
o
new 7s 1900
Connecting 6s, 1900-1904
Chartlers Val., 1st m.7s.C.,l901
Delaware mort.. 6s. various..
Del. & Bound Br., 1st, 7s. 1905
East Penn. 1st mort. 7s, ’88
E1.& W’msport, 1st m.,7s,'80.
do
5e, perp
Harrisburg 1st mod 6s, ’31..
H. & B. T. 1st m. 7s, gold, ’90.
1st m. 7s, 11. g.’S9
do
do
2d ill. 7s, gold, ’95.
do
2dm.f .serin g.,7s

125

do
landgrantTs
do
laud iue. is.
doston & Maine7s

<in

150
200

190

Sterling
Stuyvpaant.

....

175

75

87%

North River
Pacific
Park
Peter Cooper

PAOpld’s

117

l>5

35
100
100
100
50
25
25
LH)
20
50
50
50
100
25
50

Niagara

....

..

50
100
30
20
40
50
100
25
50
25
100
100
25
50
50
50
50
50

Nassau (Brooklyn)..

iob

170

Ask.

BOSTON.
\tch. & Tcpeka let m.7a

L^U

Loner Island

100
100
100
100
100
1(H)
70
30
25
50
100
25
20
50
100
100
100
100
100
100
100
100
40
50
100
100

Nassau*
New York
New York County..
N. Y. Nat’l Exch'gc
Ninth
North America*....
North River*
Oriental*
Pacific*
Park

lohr»,.

Knickerbocker

...

150
•

Firemen’s
Firemen’s Trust
Franklin & Emp....
German-American..

Irving
Jefferson
Kings Count y (Bkn.)

....

50
50
100
100

Metropolis*

Eagle
Enipiro ( ity

Importers’ & Tr’d’rs

_

100

Merchants’
Merchants’ Exch’ge

Clinton.
Columbia
Commercial
Continental.

(1

130
250

50
100
50
100
100
25
50 ‘
25

Leather Manul’trs’.
Manhattan*
Marine..;'
Market
Mechanics’
Mechanics’ Assoc’n.
Mechanics’ & Tr’drs’
Mercantile

Brooklyn
Citizens’

< lormania

100

160
113
200
220
2(0
165
!25
135
00
100
225
215
95
100
120
95
HO
115
rlHO
157
118
27 0
60
145
160
80
155
75

25
25
17
20
70
100
30
50
100
40
100
30
50
17
10
100
100
50
50
25
100
15
50
50
100
25

F.irriLguf.
•

...

City*

Exchange

City

J

Island

50
100

Bowery

lr0

Ask.

Bid.

Broad way

100
25
100
100

Greenwich*

Par.

Companies.

! Ask.

Bid.

not National.

PRICE.

Bid

BKcrmrTiES.

[Quotations by E. S. Bailet, Broker,
No. 7 Pine Street.]

i is

.92%
52%

....

120

>UNE 11,

Railroad Earnings.—The latest railroad earnings and the
totals from Jan. 1 to latest dates are given below. The state
ment

includes the gross earnings of all railroads from

which

obtained. The columns under the heading
date” furnish the gross earnings from Jan. 1
and including, the period mentioned in the second column:

returns can be
“Jan. 1 to latest

to,

,—Latest earnings

Week

or

#52.307
173,000
22,884
Bosfc.A N.Y.Air-L.April
Bur.C.Rao.A No. .4th wk M’y
57.12L

Cairo A St. Eouia.3<i wk May
9,057
Central iJaciitc...May
2,063,000
Ches. & Ohio
April
227,343

Chicago A Alton .4t.h wk
Chic. Burl. A Q...March

1881.

1890.

1881.

JSJo.

#292,887

#245.145

143,100
23,069

687,200
86,205

637,343
83,240

50,664

791,121

828.969

8,469
,778,487
1,778,487

161,700

134.652

S,707.133

6,779.742
845,338
2.806,630
4,577.128
439,497

221,560
221,560
170,908
732,518

1,418,149
Chie. A East. 111..4th wk M’y
37,696
31,651
Chic.AG.Trk.Wk.end.Jun0 4.

30,406

802,753
2,580,887
3,760.918
622,142
592,131
5,790,000

19,890
235,088
Chic. Mil.ASt. P.latwk J’no 401,000
,875,608 6,720,956
Chic. A Nortliw..May
1,863,676 1,875,608
35,629
783,119
Chic.St. P. M in & 0.4th wk M’y
56,033
455,915
35,803
St.PaulA S.City4th wk M’y
54,940
275,272
14,761
Ohio. & \V. Mich..3d wk Apr.
21,951
692,935
Cin. Ind.St. L.& 0. April
175,484 168,199
628.194
Cincinnati South.April
173.929
2 1,995
25.848
383,367
Cin. A Spring- ..4thwk M’y
100,969 1,601,360
Clev. Col.Cin. A 1.4th wk M’y 1L4.787
7,845
155,583
7,859
Clev. Mt.V. ADel.3d wk May
54,637 2.096,162
Denver A Rio Gr 1st wk J’iio 124.533
114,716
9,052
6,189
DesM.&Ft#Dod-ze.3d wk May
106,431
265,226
• 107,267
Det. Lane. A No ..March
378.094
23.265
Dubuque A S.City.4tb wk M’y
26,252
390,748
175,345
Eastern
February.. 192,165
25,725
782,718
East Tenn.V.AG.Jd wk M’v*+
29,757
35,351
744,079
Flint & Pere Mar.4th wk M’y
49,60 4
17,517
Gal.Har.A San A. 1st wk Apr
19,437
181,138 3,473,119
Grand Trunk. Wk.end.Apr.30 215,296
96.745 2.133.425
GFt Western. Wk.end.May27 103,109
57,816
817,863
Hannibal A 8t. Jo.4th wk M’y
05,182
47,813 1,506,886
Houst. A Texas C.4th wk M’y
66,166
IllinoisCen. (111.).May
:499,200 52 4.739 2,317,113
581,538
Do
137,670 140,381
(Iowa).May
23,950
482,089
Indiana Bl. A W. .4th wk M’y
28.004

492.215

4,694.595
6.818,221
578.294
539.750
239,847

691,657

..

—

26,314
27,335

35,123

Int.&Gt. North..4th wk M’y
47.380
89.819
K. C. Ft. S.&Gulf.March
116,269
34,764
Lake Erie & West.4tli wk M’y
37.765
202,000
Louisv. & Nashv.4th wk M’y 258,600
14,403
Memp. & Chari...4th wk May
19,769
2,974
Memp. Pad. & No.3d wk May
4,096
7,224
Mil.L. Sh.& West. 1st wk J’ne
9.495
12,565
Minn. A St. Louis. 3d wk May
24.99 4
Mobile A Ohio
May
145,416 129,249
Nashv. Ch.A St.L. April
183,525 155.466
N. Y. Cent. A Hud March
2,668,250 2.854,835
N.Y. L. Erie A W.March
1,847,261 1,644,958
N.Y.&N. Engl’d.May
183,701
215,271
N. Y. N.H.AHart.April
N. Y. Pa. A Ohio.. April
Northern Central. April
Northern Pacific .1st wk J’ne

Oregon R. Nav.Co. May

457,680
471,973
487,272
85,264

419.600

355,177

1,561,515
164,828
832,560

May

South Carolina. ..March
130,841
Southern Pacific.April
487,000
Texas A Pacific ..4th wk M'y
59,987
Union Pacific ....May
2,393,237
Wab. 8t.L.A Pac. 4th wk M’y 381,238
Wisconsin Cent...3 wks Mar.
46,930
*

Average amount of
Banks.

Capital.

703,477

621,739
3.257,331

1,914.421
957,158
1,265,504
2,351,561
670,738

462,753
621,346
279,692
349,405

3.0S0.981
439,633
76,804

89.739
202,286

295,247
976,831
760,244

7.366.426

159,959
209,043
891,352
721,711
7,765,679

4,716,463
1,003,522

4,193.557

384,483 1,724,100
412,870
386,130 1,708*991

1,470,665

59,058

947.263

739.378

327.517

1,395,252

1,191,500
135,839

861.374

366.796

332,818

1,365,749
995,280

486,928
30,196
2,067,269
322,828 4,918.273

City
Tradesmen’s...
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’]
Butchers’&Drov
Mechanics’ & Tr
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce

Broadway

Mercantile
Republic

5,202,511

63,426

North America..

Metropolitan

following table shows the receipts
and payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week:
Balance*.

500,000
3,000.000
600,000
1,000.000

....

Citizens’
Nassau
Market
St. Nicholas
3hoe & Leather..
Corn Exchange..

Oriental
Marine

300,000
400,000

Park
Meoh. Bkg. Ass’n
North River
East River
Fourth Natlonul.
Central Nat
Second Nation’I,
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..

2,000,000
500,000
240,000
250,000

3,200,000
2,000,000
300,000
750,000
500,000
1,000,000
300,000
250,000
200,000
750,000
300,000
100,01X1
200,000
200,000
250,000

Bowery National

N. York County..
Germ’n Americ’n
Chase National..
Fifth Avenue....
German Exch.
Germania
..

U, S. Nat

Coin.

Currency.

439,900
209.900

3.507,51k.'
13,075.001
16.040,301

5,-0,600
4.236.000
4.819.100

720,900

1,549.200
345,900
7 78.100

2,0s)o.60C
8,999,600
3,014,000
13,919.000
2.112.400

730.900
79,700
359.000

1,388,500

827.700

530.900

223,090
238,000

0,765,fMXJ
4t-4,600

44

“
"

44
4‘

Total

$

#
1,688,672
1,276,157
1,535,802
972,256

4...
6...
7...
8...
9...
10...

65
39
12
46

2,000,424 43
1,786.912 40

9,294,650 19
4,217,604 16

S,869,433 79
803,193 37

993,421 00
875,785 50

$
72.087,510 73
72,329,549 27
72,767,440 86
72,873,938 20

73,087,540 47
76,343,256 83

$
7,013,339 88
6,265,596 33
6,365,085
6.350,059
6,566,673
6,720,368

86
48
61
04

18,935,142 97 15,334,170 49

Coins.—The following are quotations in gold for various
Silver *43 and ^s. — 99 3t@
Sovereigns
#4 83 @$4 86
Napoleons...

3 82 @ 3 86
X X Reichmai’ks. 4 72 -@ 4 76
X Guilders
3 92 @ 3 98
Span’h Doabloons.15 55 @15 75
Mex. Doubloons.. 15 50 @15 60
Fine silver bars
1 11%$ i 12%
Fine gold bars—
par ©l* prem.
mines A ifl dimes. — 9‘)Lj@ par
_

..

Five francs

—

Mexican dollars..
Do uncommerc’l.

English silver

....

Prus. silv. thalers.

U. S.trade dollars
U. S. silver dollars

—
—

93 @
88^®
86 @

4 72
—

—
—

coins:
par.
—

95

—

89*2

—

89

@4 80

68 @
99J4®
99 78®

—

—

69
995s

par.

—Messrs. Kuhn, Loeb & Co. have taken $3,500,000 Chicago &

Northwestern Railway Company’s 5 per cent sinking fund bonds,
secured by a first mortgage collateral trust, principal payable

1929 and interest April and October. These bonds are issued
for the purpose of acquiring valuable tributaries, and are
emitted at the rate of $15,000 per mile of constructed road, the
first mortgage bonds of tributary roads being deposited with
the Farmers’ Loan and Trust Company as a pledge. Subscrip¬
tions will be received by Messrs. Kuhn, Loeb & Co., at 102%,
until June 17; but the
right is reserved to close the same at an
earlier date and without notice.
in




261.700

93,500
221,300

249.000

279.000
339,800
651.000
133.000
2.506.800
24.000
1,050,000
5.995,700
3,894.400

1,067,400

191.700
20.800
152.000

25,‘JOu
244.600
93.4i)(i

20.281.300
8.852.000
2.953.COO
5,995.000

4,759.400

968,690
1,474.000

1H.3SO.000
6,62 7,400
13)13,400
1.589.300
1,442.900
2,6)0.70
4,262,000
1.850.700

3 661,400

3.45 t.000

4,15*.90C
8.3'9,3i)C
2.001,600
3.348.000
21,299,100
I9.20v.000
976,800
835.400

1.019,500

78.900
304.000

82,000
203.500
418,200
146.000

350.000

1,040,O'>0

297.000
581.009
870 600
414.800
98.900
356.000
424.600
63.009

599.1 -00
937.000

1.460,000
224,300
31.000

1.319.300
1.257.500
3,176,200

41.iOC

216,800
815.500

238,101
25.4(X

491,400
19,800
50,800

10:$,60
117,20
67,900

050,000

10.046.000

495,000

6.112.200
7.738,400

860,000

7,301.000
4.752,800
9.473,r>00

1.100

3.375.000

267,000

14.800.909
790.000

2.074.300

1.292.900

13,023,100
407.700

4,009,700
2 791.400

789.100

1.555.900

236,000

1,901.000
935.30C

174.000

2,700
471.700
35,700

2.794.100

1,004,700
3.401.400

12.308.000
13.130,900
4.133,500

1.110,800
960.000

359,000

0.100.800
2.759.000

3,357.000

1,122,000

3.041.800

1.6G3.90U

45,000
5,400

2,982.000
9,071.900

798.300
438,000

2,797,400
: 5.102.000
2,3 5,500
2.607,300
2,3''0.100
1.700.20C
3.778,000
2.659.000
9,621,700
1.932.300
4.105.090
24,423.200
22.395.OOC

2,250,000
267.400
3,900

450,000
448,900

450,000
4,600

780.300
45,000

1,091,800
45,000

750.300

1,031,500

221.500
810,000
1.287.000
45,000

833.600
20.990.100

9.462.000
8 534.000

590,000

5,947.000
18,430.000
7.230. LOO

450,000

1.234,500

267,300

1.410.000
1,076.700
2.185.400
4 4)60.20
2,000 000
1.442.100
1 399,200

225.000

3,(07,900

450.000

180,000

91,8(0

HI.125,200.341,094,900 170,052,100'18,325,300 339,543,600

Total.-

The deviations from returns of previous week are as follows:
Inc. $9.019.200 i Net deposits
Inc. $7,965,800
Specie
Dec. 3,083,700 I Circulation
Dec.
0J
308.50C i
Legal tenders
Dec.
Loans and discounts

The following are the
Banks’ r«fnrn«
for
House Rfl.nlrm’
returns for
Loans.
1880.
Dec. 31
1881.
Jan. 8..
“
15..
“
22..
“
29..
Feb.
5..
12..
“
19..
“
28..
Mar. 5..
12..
“
19.
“
26.
“

totals of the New York City Clearing
o.
a

nf weeks
woalrn rkatifc*
series of
past:

L. Tenders.
$

Deposits.
$

4

..297,756.700 58,047,900

12,798.600

272,400,900

13,403,230

01,948,900
65,462,500
66.484.100
06,264,100
67,003,700
07,800,600
65,349,600

13.817,400

235,737,700

18,420.200 1179,87S,9S6

15,030,100

292.376.800 18,425,000 U79,899.30«
298,931,900 13.345.500 1224,943,182
302.512.300 18,330,700 955,459,473
397,097,200 18.363.300 1042,395,915
307,924, 00 18.352.300 947,813,07*
307.718.100 18,25),500 1103,402.835

Specie.

%

.304,080.201
.302.864,3)0
.307,839,60!)
.310,682,200
..318,092.900
.317,139,100
.320,807,300

10.395.600
17,287,900
15,9 17,500

15,546,000

14.887.200
.316.584.400 58,0 4.200 15,048,000 296.517.300
.298,485,400 54.894.100 13.289.200 274,44 2.600
.290.252,900 55,86s,000 12,466.000 271,063,800
..300,177,300 59,552.1)00 ltf,24l,200 277,931,600
.300,622,000 57,668,900 12.934.500 275.586.500
.

“

9.
16.
23.
30.,

“

.300,288,100

.

.305.244.400
.306,383.400

.

.

339,548,0)0

»

Apr.
•*

“

May
“

“
“

4*

11..
18..
25..

147.53J ,200
146.289.900
146,129,200
146,037,100

2..

147,007.400

4

.

149.674.900
150,330.500
150,124.100

,9..
16..
23..
on

151,004.400
152,846,300

June 0..
*

101.651.500

7.904.200

3.330.100

106.244.700

5.846.200
5.607.100
6,034,300

6.592,000
6,643,2<X)
6.744.400
6.843.400

19.263.300

919,391.80

*

87,303,400
85.772.500

0,678,700
7,503,700

5.760.100
5.842,300

10,181,000 1143,978.545
15.448.500 1241,030.573

15,466.100 1020,907.965
15.771.100 812,503,681
10.630.500 774,684.705

the totals of the Boston

2.470.700
2.532.300
2.793.700
2,070.000
2,4-18,300
2.434.400
2.709.100
3.027,700
3.117.300
3.059,100
2.933,200
3.294.700

5.535.400

*

817,931.113

Deposits.* Circulation. Agg. Clear.

L. Tenders.
$
2.407.400
6.171,0)0

Specie..

ns.

’

320,011.700 19.135.300 1212.647.65j
332.182.800 19.301.200 1198.736,14

Boston Banks, —The following are
banks for afeeries of weeks past:
1881.
149.351,400
Mar. 7..
14... 140,029,900
“
21..
145,529,0 10
“
28.. 14tt.ll l,0!)0

Circulation. Agg. Clear

275.493.400 16.713.500 950,440.399
282.788.500 10.709,000 815,034,483
288.821.100 10,880,200 724,179,309
292.653.000 17.217.400 978.263,300
294.536.300 18.600.100 879,802,89*
303,0:33,900 18.864.200 1144,470.78*
316.818.400 18,596,900 1078.352,06*

57,611,000

12.710.500
60.429,000 12.472.700
6tf.wi9.300 13.428.600
“
..305,717.600 00.804,200 14.418.200
“
..304,435.200 69,289.400 15.784.700
7. ..310,‘■50.000 73.346.500 10,024,000
May
14. ...317,730,900 76,887,700 17,134,100
“
21.. ..324,192,800 80.518.500 17,873.000
“
28.. .333,025,700 79.131,800 18.033,800
June 4.. .341.091,900 76,052,100 18,325,300

April 2

.

June

144,300
63,000
140,000
183,200
187,800
63,700
137,300
618,000
O69.00U
199.200
104,800
233,500
20!,100
213,900
105.200
183.000

19.900

“

Payments.

112.300
287,100
34 4,400

123.000

2.117.500

1,500,000

493,000
483,100
428,500
38.000
236.000
116.000

3v2.50u

500,000

Importers’ & Tr..

734.H00

5.031,800
4H,000
254,400
3,222,800
557,700
321,000

500,000

l,000,0u0

1,799,000
2,228.000
477,000

Circula¬
tion.

$

204.000
425,100

2,028,300

2,858.100
2.960.700

500,000
1,000,000

Continental

‘

U. S. Sub-Treasury.—The

450,000
412,500
700,000
1,000,000

Hanover
Irving

*

2.093.000
46 4,300
991.000

1,000,000
422,700
1,500,000

Pacific

1,466,809

1,507,300
1,384,484

2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
000,000
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

Union.
America
Phoenix

People’s

377.659

2,000,000

Mechanics’.....

266,547
415,349

Including Selma Rome A Dalton in both years.

Receipts.

Temlers.

*

*
Sew York
Manhattan Co.
Merchants

Chatham

181.994

976,149
326.994
487,600
4,235,009
495,949

94,594

Net dept’a
other
than U. S.

Legal

Specie.

discounts.

102,486

188,268
9,539
6,002
Pennsylvania
3,760,372 3,488.366 13,889,505 12,794,679
April
PeoriaDec. AEv.4thwk M’y
14,932
12,510
225,736
133.349
Philadel. A Erie..April
293,323 334,947 1,028,700 1,132,304
Phlla. A Reading. April
1,484,864 1,496.330
523,709
607,823
St.L.Alt.AT.H.7.4thwk M’y
44,889
35,953
265,551
294,123
Do
(brehs).4thwk M'y
13,740
15,933
St.L.IronMt.A S.4th wk M’y 112,591
63,993 .2,862,244 2,255,032
943,174
St.L. A San Fran.4th wk M’y
95,071
56,738 1,201,416
StP.Minn.AMan.lst wk J’ne
89,800
62,200 1,632.75S 1,256,794
113,388
126,821
Scioto Valley
4th wk M’y
9,030
6,860
Pad. AElizabetht.2d wk

1881:

1880.

#45,34 4

M’y 166.S60

Sp...May

New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the
week ending at the commencement of business on June 4,

reported—.Jan. 1 to Idlest date.—*

Ala.Gt. Southern. May
Atl. Miss. A Ohio. April

Ind. Dec. &

83B

THEFCHRONIOLE

1881.]

85,001$,900
85,463,100
85.828.900
80.959.300
83.689.300
90.124.300
91.451.900
95.954.900
96.911.700

98,513,900

20.813.900
29.331.900
24,875,90)
24.975.500
30,135,800
30.282.700
30.4 6 4,400
30.624.500

30,022.000
30,790,000
30,93 ),900

30,997,100
30.476.500
30.822.700

83,849,374
70.117,775
09,6:04.123
68,840.822

69,090,257
70,463.791
79,105,341

77,502.234
80,149,257
95,227.024
85,405.247
92.454.396

90.881,391
92,802,81®

Including the item “ due to other banks.”

Philadelphia Banks.—The totals of the Philadelphia banks
are as

follows:

1881.
Mar. 7.
**
l*’
21....
28....
Apr. 4
11....
18,...
25....
May 2....
9...
..

10.:..
23....
30
..

.

Loans.
$

71,001,651
70.663,787
70,563,874
’JO. 176.265
70,260,005
71.181.796
72.305.791
73,433,827
74.253,494
75,10 ‘.008
74.801.575
74,542,679
75.340.4-9

L. Tenders.
$

10,075.724
17.179,494
17.688.097
17.530.152
17,573,378
13.665.372
18.914,006
19.284.068
19.606.525
18.900313
19.454,146
21.210,584
23,17 4.3 3

Deposits.
61.749,924
01.752.081
0!.900.170
01,17 $,413
82.456,355
63.771.480

67,659,350
67,301.923
68,375,085
08,027,309
08,809.105
70.497.536
7L588.H0S

Circulation.
$

Agg.CUmr.

,

9.876,770
9.951.033
9.996.283

10,000,706
10,105,592
10.145,128
10.134,981

10,123,550
10.264.800
10,473.543
10.334.185
10.219.090
10,237.440

59.600.479
48.030,201
47.595.115
45339,906
53,340,456

48.057.337
44 097.129

54,860,074
40.155.049
53.075.475
51,582387
50.1063a>
5 ‘.214.05>-»

53.42931tfc

634

THE CHRONICLE.

fV0L.
—

Liabilities.
Capital stock
New first mortgage bonds ectually issued... $13,529,314
New first mortgage bonds held against old
first and second mortgage bonds not yet

lunjestwjeuts

,

AND

STATE, CITY AND CORPORATION FINANCES.

$227,000 firsts ® 100...
$14,203 seconds, at 31 *2
Bills and accounts payablo
Coupons payable January 1, 1881
Dividend No. 1, payable February 1, 18S1

con¬

Of the 403 miles operated, 229 miles are
main line (International Bridge to Amherstburgh, Ontario), and
174 miles are branches and tributary roads. This company now
owns 396 miles, although 104 miles are
nominally under four
other organizations. Of the 396 miles owned, the main line
and the Tol. & Det. Div. are laid with steel rails—a total of 285
miles.
To construction account there were charged during the year
*

years
;

the following

1876, $68,066

;

: 1879, $310,128
1875, $142,876.

;

The stock and bonds remain substantially unchanged.
Mr. W. H. Vanderbilt comments as follows upon the business

of 1880 ; but although the report is dated June 1, 1881, nothing
is said of the earnings during the current year :
“
The year 1880 is distinguished as being the most prosperous
year in the history of the Canada Southern Railway Company,
and the directors and officers take pleasure in congratulating
the shareholders upon the satisfactory and encouraging exhibit
which is made in the figures accompanying this report, but par¬

ticularly upon the large increase in profits which has made it
possible to pay to the shareholders the first direct return upon
their investment in the shape of a dividend.”
EARNINGS AND

EXPENSES.

1880.

From freight
From passengers
From all other sources
Total

62,881

$3,705,679

Op’ing expenses and taxes—
1880, 64-94 per cent \
1879, 81-73 per cent S
Net earnings

Interest

1879.

$2,918,131
724,666

on

funded debt

Balance
*
Dividend No. 1, Feb. 1,1881,

Inc.

ja/j iai

or

Dec.

$2,273,007 Inc.. $645,124
640,154 Inc..
84,512
82,204 Dec
19,323
.

$2,995,365

Inc.. $710,313

$2,448,090 Dec

$41,749

.

$891,538

$547,275

Inc..
Inc..

391,452

$155,822

Inc..

$752,062
16,347

375,000

$516,538

Freight Earning llevcmie.

1880.
Tone freight carried one mile.. 454,499,333
Earnings per ton per mile
64-30 cts.
Expenses per ton per mile
38*60 cts.
Profit per ton per mile
25*70 cts.

1879.

1878.

443,441,917

293,700,406

51-20 cts.
39-43 cts.
11*17 cts.

63-11 cts48-65 cts.
14-46 cts.

33,608,639

28,889,262

1-905 cts.
1-333 cts.
0*572 cts.

1*878 cts.
1-640 cts.
0-238 cts.

Passengers.
one

mile

Earnings per passenger pr. mile
Exi>en’s per passenger per mile
Profit per passenger per mile..

34,549,322
2 097 cts.
1 591 cts.
0*506 cts.

$280,507

Gross

earnings, 1830
3,705,679
Receipts from other sources
$15,386
Discharge of balances of old operations of side lines 62,514—
77,901
Total

Less—Operating

expeuses and taxes, 1880
Miscellaneous payments

Discharge of balances of old operations
of side lines
Interest on bonds, 1880
Dividend No. 1. 2^ per
Feb. 1, 1881

423,285
407,799

the
spring of 1880. The property itself was again leased to Stewart
and Abbot, trustees, on substantially the same terms as the
temporary lease which they had accepted from the Receiver of
the road during the period of foreclosure. The present lease
to the trustees is terminable upon six months* notice
by either
party; and although, as trustees, you deemed it proper to
decline to consider

a more

of both

permanent connection, the interests

parties will probably lead to the continuance of the
present
arrangement for some time to come.”
*
*
*
“
The figures given in the accompanying statement cover
only" the year ending Dec. 31, 1880. Subsequent to that date
snowstorms of unusual severity occurred.
During March
succession of storms three times blocked all the railroads in
Wisconsin which enter into the city of Milwaukee. These
storms closed up the Milwaukee & Northern Railroad for
nearly
a

fortnight, and cost us many thousands of dollars to clear the
tracks, besides completely stopping all traffic on that part of

375,000—

3,648,728

$415,358

CONDENSED BALANCE

SHEET, DEC. 31, 1880.
Assets.

Toledo Canada Southern & Detroit R’y
Erie & Niagara Railway Company
Michigan Midland <fe Canada RR. Co
New York Central Sleeping Car Co
International Bridge Co

First mortgage bonds owned—
Canada Southern Bridge Company
Toledo Canada Southern & Detroit
Erie & Niagara Railway Co

From
From
From
From
From
From

:

EARNINGS, EXPENSES AND RENTALS FOR
1877.
1878.
Earnings.

freight

sleeping

Michigan Midland A Canada RR. Co

4,961
4,380
5,731

car

miscellaneous

Total gross

858,000
100,000

278,414

,

$259,322
136,458

25,778
8,897

5,213
12,630

$851,090 $1,146,352
497,138
680,149

$353,952

$466,203

160,861

200,455

Leaving
$122,863 $193,090 $265,748
In the comparative statement of operating expenses for the
a

balance of... $113,810

1879 and 1880, the following important items
1879.

Repairs
Repairs
Repairs
Repairs
Repairs
Repairs
Repairs

roadbed and roadway
bridges and culverts
fences
buildings and fixtures
engine and tenders

are
1880.

included:
Inc.

$132,787

$194,513

$61,725

16,628
1,083

29,061

7,198

11,105

17,203
17,438
25,571

26,712
22,654
35,740

12,433
1,066
3,907
9,509
5,215

'

passenger cars
freight cars

2,149

10,169

LAND DEPARTMBNT.

The report

2,322 acres farming land
1,603 aores sandy and marshy land

$7,437

680
1,480
43,296

63 town lots

Total

$52,900

following is

a

Years.

3,049.62.....Average per acre
7,689.54... ..Average per acre....
.29,394.93... ..Average per acre
23,371.21
Average per acre
10,525.57
Average per acre
12,243.73
Av’age for farming lands

1,637,303

600,000

3,300,032

568,145

545,028

$30,554,772

88,977.93

acres

$6 82
5 01
4
1
2
2

18
931*
23
57*3

3 43*3

88,977.93

$28,842,227
397,066
202,304

statement of the total number of
Acres.
2,703.33.....Average per acre

1,492,537

Material and supplies on hand, including rails, fuel, <fco....
Bills and accounts receivable
1
Uncollected balances in hands of agents
$289,519
Uncollected freight charges, Ac
278,625Cash

212,191
24,263
8,475
4,118
5,497

$259,581
145,73 L

25,078

219,495—

194,560
25,704
7,115
4,219
6,200
474,497

204,125

100—

1880.

$815,417

$733,819

Net

1879.

$596,544

474,653

Deducting rentals

FOUR YEARS.

$496,017

earnings.... $734,235

Less operating expenses...

$988,000

R’y Co

$497,235
198,353
23,572

passengers
mails
express

The
sold:

$450,000

Co

line”

27,122 M pine stumpage

$23,904,891

Capital stock owned—
Canada Southern Bridge Company

our

The total number of acres patented was 577,035.
of sales in 1880 was as follows :

cent, payable

Construction and equipment




$4,064,037

$2,406,341
36,301

Credit balance, December 31,1880

Total assets

selves on the line of the road. The best Government lands have
been already taken upf and the demand for our lands is some¬
what quickened. We could not advantageously force our lands
into the market until those belonging to the United States were
first settled and improved. But during the past year much
attention has been given to plans, for rapid settlement of our
railroad lands.”
*
*
*
“
The Milwaukee & Northern Railway passed into the posses¬
sion of the Milwaukee & Northern Railroad Company,
by fore¬
closure sale under its first mortgage and bonds,
during

years

INCOME ACCOUNT, 1880.
Balance to credit of this account, Jan. 1, 1880

*

during

past year from Abbotsford (formerly known as Colby Junc¬
tion, and lying between Dorchester and Colby) to Chippewa
Falls.
It is about 54 miles in length, and was
opened for
operation on Noy. 22, 1880/ The Chippewa Falls & Western
Railway is operated in connection with the Wisconsin & Minne¬
sota Railroad, and practically extends our own line to Eau
Claire. From this point, under arrangements with the
Chicago
St. Paul Minneapolis & Omaha Railroad Company, Wisconsin
Central cars are now daily run into St. Paul.”
*
* *
.“ During the
year 1880 many settlers have established them¬

$735,715

FREIGHT AND PASSENGER STATISTICS.

Number carried

ending Dec. 31, 1880.)

a

$1,299,337
407,799

2*2 per cent

Balance to income acc’t.

year

the

586781
Chicago & Canada Southern Railway passed f rom the

1877, $31,049

$30,554,772

CFor the

trol of this company.

;

795,022
208,603
375,000
415,358

:

Mr. Charles L. Colby, the agent of Messrs. John A, Stewart
and Edwin H. Abbot, trustees, states in his annual report that
“the Wisconsin & Minnesota Railroad was constructed

ending December 31, 1880.)
From the annual report, just issued, we learn that the number
of miles of road operated in 1880 was 403, being 67 miles less
than the road operated up to November 9, 1879, at which date

1878, $85,011

13,760,788

Wisconsin Central Railroad.

REPORTS.

year

$127,746, and in previous

4,474—

Total liabilities

Canada Southern.

the

227,000

Income account

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
arc sold at $2 ver copy.

(.For the

$15,000,000

refunded—

For
For

The Investors’ Supplement contains a complete exhibit of the
Funded Debt of States and Cities and of the Stocks and Bonds
of Railroads and other Companies. It is published on the last

ANNUAL

XXXII.

■

GRAND TOTAL OF SALES.
acres

land

$229,325

563 town lots and 13 blocks

135,078 M pine stumpage

„

Total
Face value of outstanding land contracts, exclusive of interest
due and accrued January 1,1881

19,685
222,343

$471,354
$30,075

Junk

11,

THE

1881.]
Southern Pacific

{For year
The annual
June 1 Mr. C.

635

CHRONIGLEt
Interest, A©

of California.

ending Dec. 31, 1880.)

report has not yet been issued, but under date of
P. Huntington, the President, gives important

road. He

information regardingthe operations of the
says :
“The earnings of the Northern Division
were $994,195,
of which $442,765 were net over expenses, taxes, &c.,
added to the rental of Southern Divisions and other

which,
property,
in the aggregate $1,675,248, makes a total of net warnings
$2118,014. The amount disbursed for interest in the year was

$L741*,740, and for rental of the Monterey Railroad $20,400,
surplus over all of $355,874*
jt is important to know that the portion of the road leased
to the Central Pacific Company is being worked at a profit, so
that whenever it shall be found advisable to terminate the
lease and assume the operation of the entire line independently,
this company can do so with a traffic more than sufficient to meet
the expenses, interest and sinking fund engagements.” * * “No
lines have been built during the past vear in California,
but more recently the Santa Cruz RR., a local road leading
to an important coast resort, has been acquired in this interest,
and henceforward will be operated as a feeder to the Southern
Pacific. The Arizona and New Mexico extensions of the SouthPacific Railroad have, however, been vigorously pushed
_
during the year, and from Tucson the road has been carried
eastward to Deming, N. M., a distance of 219 miles, where it
connects with the road of the Atchison Topeka & Santa Fe
Railroad Company, thus affording a second complete trans-con¬
tinental route, via Colorado, between the Atlantic and Pacific
cities, which new line of travel has, since its opening, March 18
last, contributed greatly to the business on the line to and from
San Francisco. From Deming the Southern Pacific has been
still further extended in a southeasterly direction to El Paso,
Texas, a distance of 88 miles, or a total distance, as the trains run,
of 1,285 7-10 miles from San Francisco.”. * * “At El Paso, or at
point further southeastward, this El Paso extension will
meet and connect with at least two other railroads from the
Mississippi Valley—the Texas Pacific Railway and the ‘ Sunset
Route,’ the Galveston Harrisburg & San Antonio.”
On the 712 miles in California the earnings and expenses in

Bonds and cash on

The

and extensions... $4,347,000
$800,000 Road
Trustees of sinking f’nd
201,500
540,400
Pemigewassett House.
16,000
459,600 Fuel
and materials
662,801

$1,800,000

Total stock

2,529,200

10,522

coup’s and div’s

$4,931,479

Total

«

A

new

issue of

fiscal year

General managers’ acc’t
Cash for imp’d cps., &c.
Cash and bonds on hand

32,206

,

10,522

161,447

591,756

Protit and loss

leaving a

$171,970

hand

Stock, old, div., &c
.

292,059

general balance is as follows :

Stock, preferred
Stock, new

Bonds
Uncl’d

$167,795
51,933
3 5,231
57,100

stock

Dividends on preferred
Increase In supplies
Bonds taken up

$4,931,479

Total

bonds has been made since

for the purpose of

GENERAL

the close of the

improving the property.

INVESTMENT NEWS.

Point.—The directors have passed a reso100 per cent to the
lntion doubling the stock by a dividend of
6
stockholders, and declaring a dividend of per cent, payable
at the office of the company Aug. 1.
Boston Hoosac Tunnel & Western.—In the Chronicle of
_
em
June 4, on page 611, where it was stated that “ five per cent
upon the subscriptions has been called,” it should have read
fifty per cent.”
Boston & New York Air Line*—At Middletown, Conn.,
June 7, the annual meeting of stockholders was held and the
old board of directors re-elected. H. H. Hammond, of New
York, was elected President; D. B. Hatch, of New York, Treas¬
urer, and F. H. Walson, of Bridgeport, Secretary.
The report of the board of directors showed the gross earn¬
ings of the company for the year ending April 30 to have been
$281,569 ; operating expenses, $125,806; net earnings, $155,763.
Out of the net earnings the following expenditures were made :
gome
Construction and equipment, $19,648 ; interest on first mort¬
gage bonds, $35,000; taxes for 1880, $14,727 ; cost of exchanging
ana printing bonds, $15,80§.
During the year 800 tons of new steel rails were laid. Con¬
tracts have been made whereby the company will have a con¬
1880 were as follows :
EARNINGS.
tinuous track of steel rail betwen its termini at New Haven
From passengers
. $425,212
and Willimantic during the present fiscal year. The general
From rreiglit
541,267
balance sheet to May 1,1881, shows on the debit side the fol¬
27,716
Mail, express and telegraph
Rental of leased road and other rents
1,675,248— $2,669,444 lowing items: Cost of company’s property, $3,900,000 ; ex¬
DISBURSEMENTS.
pended on construction and equipment, $560,000 ; material,
etc., on hand, $57,000 ; cash, $41,000; uncollected earnings,
$487,817
Operating expenses, Northern division..
Taxes and'miscellaneous
63,612— 551,429 $29,000. On the credit side the following appears : Bonds of
road convertible into, stock, $252,000; capital, stock,
Earnings over operating expenses, Ac
.•
$2,118,014 former
preferred, $2,800,000 ; capital stock, common, $800,000 ; scrip,
PAYMENTS FROM INCOME.
$28,000; first mortgage bonds, $500,000 ; current liabilities,
Rentals for leased line..
$20,400
1,741,740- 1,762,140 $23,000; profit and loss, $184,000.
Interest
Atlanta & West

new

_

Surplus

-

ASSETS AND

JLsscts*
Cost of road, 712 miles
Cost of rolling stock..
Real estate and build¬

ings (exclusive of U.

rant and
8. land
Mission
ay water
front in San Fr’isco)
Material and fuel on
hand
Bills receivable
Current accounts
Cash on hand
Protit and loss

LIABILITIES, DECEMBER

31, 1880.

$355,874

Liabilities.

“

Central of New

Jersey.—Negotiations have been nearly

New Jersey and
Bank, by which
mortgage bonds, amounting to $5,000,000, of the American
Dock & Improvement Company are to be taken by these
completed between the Central Railroad of
Drexel, Morgan & Co., and the First National

stock
$36,763,900 new
$61,608,273 Capital
1,847,403 Funded debt (1st mort¬
gage bonds)
28,872,000 bankers.
Current accounts
534,458
Other liabilities..'.

—

135,752

and bear 5 per
somewhat more
accumulated interest.

The bonds are to run forty years,
cent interest. The amount of the new issue is
than the former mortgage with the

Only $3,000,000 of the bonds under the former mortgage is out¬
standing, the remaining $1,000,000 of the principal being held in
the treasury of the New Jersey Central Railroad, by which the

1,438,206
101,971
30,000
869,393
203,099
207,762

guaranteed. The railroad company will receive
of the new bonds, over $1,000,000 in
money. F. S.' Lathrop, President of the J ersey Central, said
Total
$66,306,110
Total
$66,306,110 yesterday that the addition of this sum to the money now in
his hands would enable the company to pay its floating indebt¬
Boston Concord & Montreal.
edness and dissolve the receivership. He expressed the opinion
that
the company would be taken from the hands of the
{For the year ending March 31,1881.
Receiver within ninety days.—AT. Y. Tribuney June 10.
The annual report for the fiscal year ending March 31,1881,
Central of New Jersey—Pennsylvania.—A press dispatch
gives the earnings for that year,*which compare as follows with
from
Philadelphia, June 8, had the following : “ The board of
1879-80:
directors of the Pennsylvania Railroad Company this afternoon
1879-80.
1880-81.
$260,921 ratified the contract entered into by that .company with the
Passengers
$310,796
383,531
Wabash St. Louis & Pacific Railroad and the Central Railroad
Freight
454,184
.*
33,670
Mails, etc
]
32,576
of New Jersey. Under the provisions of this contract the Penn¬
$678,123 sylvania Railroad Company will transport all freight and pas¬
Total
$797,556
L
477,251
Expenses
]
586,172
senger traffic that may be delivered to it at a point near Milton,
Penn., over the line of the Philadelphia & Erie Railroad to
Net earnings
$211,383
$200,871 Driftwood, and thence over the low-grade division of the Alle¬
The report says : “ The amount of net earnings would have
ghany Valley Railroad to Red Bank, from which point the
been materially'increased had it not been for the extra expense Wabash line will build a road to Youngstown, O., where connec¬
incurred in carrying an increased freight traffic over a road-bed tion will be made with the Wabash system.
The Pennsylvania
not thoroughly prepared for it, and also for extraordinary Railroad Company will furnish the motive power and track and
expenses amounting to over $37,000, which we have made the will transport all business offered by the new line between
past year and paid for out of our earnings for necessary perma¬ Milton and Red Bank, receiving as compensation its pro rata
nent improvements.”
proportion of existing through rates according to distance. This
The trafic for the year was as follows :
arrangement will not interfere or impair the local traffic of the
1880-81.
1879-80.
Railroad Company, which is amply protected
Passengers carried
289,473
247,313 Pennsylvania
under this contract. It applies only to such through trade as
Passenger miles
8,364,791
9,286,820
Tons freight carried
285,597
192,378 may be interchanged by the lines.”
Ton miles
...17,135,830
11,572,661
—It is reported in New York that the link from Red Bank to
The income account was as follows:
Youngstown, Ohio, is to be built by an independent company,
whole issue was

therefore, from the sale

,

^

Bonds and cash on hand from last report
Net earnings
interest received
Sale of bonds
Decrease in fuel and general manager’s account
Total...




'.

$188,067 controlled in the New Jersey Central, the Wabash, ana the
211,383 New York Chicago & St. Louis Railroad interests. It is expected
9,080 to build also from Red Bank to Pittsburg, and from Pittsburg
30,500

24,998

$464,030

to

Youngstown.
Chicago Milwaukee

& St. Paul.—At the

recent annual

CHRONICLE.

fHE

636

meeting, the stockholders authorized the directors to issue,
if they should see fit, $5,000,000 of common stock and offer it
to the shareholders at par, the money to be used for building
depots, machine-shops and bridges, the purchase of equip¬
ments, and for double-tracking, &c.
Chicago & Northwestern.—In the report last week of the
dividend on preferred stock, the rate should have been given
as 1% instead of 1^ per cent.
The following is from the
official statement just issued :
CHICAGO <fe NORTHWESTERN RAILWAY.

Miles
Miles
Miles
Miles

in Illinois
In Iowa
in Wisconsin
in Michigan

48990
496 01
525 97

209-06
1,720-94 miles.
PROPRIETARY RAILROADS.

Winona St 8t. Peter RR. & branches
Iowa Midland Railway
Northern Union Division
Toledo A Northwestern Railway

661 69
68 80
62 63

83-40
78*40

Sheboygan Sc Western Division
Milwaukee & Madison Division
Iowa Railway Coal & Manufacturing

91 50

Co

3 25
1,049-58 miles.

Total

May 31, 1881

2,770 52 miles.

Comparative statement of the earnings of the systems of
operated by the Chicago & Northwestern Rail¬
way Company, as above, for the twelvemonths ending May 31:

lines owned and

1879-80.

1880-81.

Increase.

Passenger

$3,274,508

Freight

11,995,674

$3,610,468
13,144,042

$335,960
1,148,368

Express

269,604
256,967

278.692

115,821

120.322

Proprietary roads

$15,912,875
1,436,473

$17,416,607
1,907,135

$1,498,731

Grand total

$17,340,349

$19,318,742

' $1,969,393

Mail
Miscellaneous
Total

'

9,088
1,114
4,501

258,081

470,661

Chicago Portage & Lake Superior,—A Madison (Wis.) dis¬
patch says: “ The mortgage given by the officers of the
Chicago Portage & Lake Superior Railroad Company to the
Farmers’ Loan & Trust Company of New York was recorded
in the Secretary of State’s office May 31.
The amount is com¬
puted upon a basis of $20,000 per mile of completed road, and
aggregates $8,000,000 on 400 miles, the distance from Chicago,
via Portage, to Lake Superior.
The company is the one to
which was given a valuable land grant of 250,000 acres some
years ago, and their further neglect to complete the road accord¬
ing to the contract would have forfeited the grant within a few
months. The lands are located in a portion of the St. Croix grant,
and several efforts were made during the last session of the

Legislature to take them from the company and confer them
upon some other that would build the land-grant road.”
Columbus Chicago & Indiana Central.—A press dispatch
from Columbus, Ohio, June 9, says that in the United States
Court judgment was taken by default in the case of William L.
Scott against the Columbus Chicago & Indiana Central Railroad
Company in favor of the plaintiff for $441,007, with interest at
7 per cent from April 5, 1881.
Green Bay Winona & St. Paul—Green Bay & Minnesota.—
The directors of the Green Bay Winona & St. Paul Railway
held their first meeting in Green Bay, Wisconsin, June 7. The
following officers were elected : Samuel Sloan, of New York,
President; Timothy Case, of Green Bay, Vice-President;
Theodore Sturges, of New York, Treasurer and Secretary
Executive Committee—John I. Blair, of New Jersey, and Percy
R. Pyne, Benjamin G. Clark and Edwin F. Hatfield, Jr., of
New* York. The general plan of reoganization was adopted by
the company in much the shape previously arranged. This
embraces the issue of $8,000,000

preferred stock.

common

stock and $2,000,000

A first and second mortgage will be issued.

Illinois Midlaud.—A bill in equity was filed May 26 in the
United Sta'ei Circuit Court, Springfield, III., by John J. Water-

bury, of New York, against the Illinois Midland Railway Com¬
pany, the Peoria Atlanta & Decatur Railroad Company, the
Paris & Decatur Railroad Company, the Union Trust Company
of New York, and Robert G. Hervey and others, officers and
directors of said railroad companies. The bill is brought to
cancel and set aside a deed of conveyance of the property,
rights and franchises of the Paris & Decatur Railroad Com¬
pany to the Peoia Atlanta & Decatur Railroad Company, made
-September 19, 1874, and to cancel a mortgage executed January
1, 1875, by the Illinois Midland Railway Company to the Union
Trust Company of New York. It is charged in the bill that
there was a conspiracy between the directors of the Peora
Atlanta & Decatur Railroad Company and a majority of the

directors of the Paris & Decatur Railroad Company to deprive
the latter of its property and franchises, and to defraud the

shareholders, and that in

pursuance

of such conspiracy the

deed of conveyance was made, there being no consideration
whatever for the same. It is asked in the bill that the deed be

adjudged null and void and canceled, and the mortgage,

so

far

it affects the property of the Paris & Decatur Railroad Com¬
pany, adjudged not to be a lien upon that property", and de¬
clared null and void.
as

Indianapolis Decatur & Springfield.—The company has
placed on the New York Stock Exchange list its second
mortgage income trust company certificates.
Pursuant to

the

action

for

taken

by the board of directors of this

com¬

the custodian for the bondholders and issue a
negotiable
certificate in exchange for the second,
mortgage bonds
dated July 1, 1876, each $1,000, and coupons due
January,* im*’
and since.

as

trust

International

Telegraph Company.—This

company fiie(r

articles of association at Albany, June 4. The capital will
h*
$10,000,000. The route of the line is to be from New York to
all important points in the United States and Canada.
The
shares are taken as follows: Andrew J. Baldwin, of

Wilkesbarre

50,000 shares; James F. Cox, of Morristown, 25,000, and Charles
H. Stebbens, 25,000. The concern is to last 100 years.
Iowa Falls & Sioux
Falls & Sioux City R.

City.—The annual report of the Iowa
R. Company is printed. It shows gross
earnings for the year ending March 31, 1881, of $525,153, an
increase over the previous year of $32,190. The increase
in
rental was $16,011. The income of the company for the
year
was $612,060, of which $235,408 was rental
and* $365,300 was
from the land departmeut.
The bond interest for the year was
$206,325, the dividends (4 per cent) $184,940, the general expen¬
ses. $4,923, and the balance to income account,
$215,871. The
report of the land department shows that 94,742 acres of land
were sold to 781 purchasers, for $578,684, at an
average price of
$6 10 per acre. The previous year’s land sales footed up
14,615
There were 261,149 acres unsold March 31,1881. The
cash land receipts for the year were $441,495, of which
$266,466
were 44 down
payments” on land sales, $130,047 bills receivable
and $43,842 interest.—iY. Y. World.
acres.

Kentucky Central.—A syndicate of eastern and Ohio
capitalists have bought the controlling interest in the Ken¬
tucky Central Railroad. The latest report concerning the tran¬
saction is in the Times dispatch of June 9 from Cincinnati as
follows: “M. E. Ingalls, President of the Kentucky Central and
the Cincinnati Indianapolis St. Louis & Chicago
Railways,
returned to this city to-day, and reports that the first sale of
the Kentucky Central, reported a few days ago, has fallen
through, and that it has since been purchased by the Chesa¬
peake & Ohio. He makes the following statement: The original
purchase was by C. P. Huntington, one-fourth ; M. E. Ingalls,
for Cincinnati interests, one-fourth; Ballou & Co.,
one-fourth,
and another New York interest, one-fourth. This transaction
fell through, owing to a difference about the preferred stock,
and C. P. Huntington and his friends took the entire option stock
on the terms hitherto published—60c. for common and
par for
preferred. The Kentucky Central will be extended as hitherto
planned to Livingston, but in the meantime will be at once
operated by the Chesapeake & Ohio, whose cars will be running
into Covington within sixty days.
The road will be made all
steel, narrowed to the northern gauge, and newly-equipped. *
As C. P. Huntington already owns the Elizabethtown & Padu¬
cah and Paducah & Memphis roads, 250 miles in all, and has
surveyors upon the line, 60 miles in length, from Lexington to
Elizabethtown, it will be readily seen what a vast system lie
will control as tributaries to the Kentucky Central.
Manchester
of
the

suit

& Keene.—The, referees before
Manchester
&
Keene
Railroad

against the City of Keene
ties, have decided that the

whom the

Company

was tried, to recover certain gratui¬
company is entitled to recover $128,-

951, with interest from December 8, 1878.

The city has taken
exceptions, and the case will probably go to the full bench on
questions of law.
Memphis Paducah & Northern.—In the United States Court
at Louisville, June 4, at the instance of the foreign bondholders,
Judge Barr ordered the sale of the Memphis- Paducah &

Northern RR.

Milwaukee Lake Shore & West.—The annual

meeting of

the Milwaukee Lake Shore & Western Railroad Company was
held at Milwaukee on the 8th inst. The board of directors,
with the exception of M. K. Jesup, was re-elected.
F. F.
was elected in Mr. Jesnp’s place.
The earnings for
$427,000; operating expenses, $273,000; net earnings,
$154,000; interest on funded and floating debts, $123,000; sur¬

Thompson
1880

were

plus, $31,000.

Mobile & Alabama Grand Trunk.—The plan of reorgan¬
ization is as follows:
'
Holders of all securities of this company must deposit same
with the Farmers’ Loan and Trust Company of New York,

forthwith, paying thereon the amount as hereinafter provided.
Reorganization certificates will be issued therefor. On the
completion of the reorganization, holders of such certificates

surrendering the same as provided in the reorganization
agreement, will receive for the* present first mortgage bonds
with all unpaid coupons attached of $1,000 each:
on

$800 in a new first mortgage bond with forty years to run from the
first day of November, 1881, with semi-annual interest thereon, at the
rate of six per cent per annum, total issue not to exceed $15,000 per
mile.
$500 in

a new

second mortgage income bond non-accumulative, forty

years to run, with interest not exceeding 7 per cent per annum, payable
from net earnings realized after paying'exncnses incurred in operating
and maintaining the railroad, and prior fixed charges, total issue not to
exceed $15,000 per mile, and
$300 par of the new capital stock of the company, total issue not to
exceed $20,000 per mile.

Holders of the present

first mortgage bonds will be required
each bond three hundred dollars as follows: On
the deposit of the bond, $60; thirty days from said deposit,
$60; sixty days from said deposit, $60; ninety days from said

to

pay on

re-adjustment of its indebtedness, and for the deposit, $120.
purpose of facilitating the exchange of securities and ratifica¬
The mortgages to be given to secure the respective bonds
tion of such action, to wit, the issue of new bonds and
pre¬ shall provide for the establishment of a sinking fund to meet
ferred stock, the Central Trust Company of New York will act the principal thereof, when
respectively due; and that in case
pany




a

June

THE CHRONICLE.

11, 1881.]

in interest tlie principal thereof shall mature, and
such other provisions as counsel may advise will best secure
the payment of said bonds.
of default

CAPITAL STOCK.

sent to Paris for

037
ratification, and the members of the American

committee were unwilling to make public its terms. The
Times says: “The general terms, according to a statement
made by Mr. Park yesterday, were that Mr. Park and his asso¬
ciates were to receive $250 per share for the stock held by them,
the cash in the treasury and all bills receivable to be retained
in the interest of the shareholders.
The assets thus excepted
amounted to about 45 per cent of the capital stock, so
that the actual price demanded was $295 per share. The
amount was to be paid by the canal company in six instal¬

stock, upon transferring the
Reorganization Committee and depositing the same
with the Trust Company, and paying at same time assessment
thereon of five dollars per share, in cash, will receive a cer¬
tificate therefor entitling the holder upon the completion of the
reorganization of said railroad, under said plan; to a new
second mortgage income bond at par for the amount of the ments, as follows: $4,000,000 on July 1, when the ar¬
assessment paid, and a certificate of stock for the number of rangement was to take effect, and the rest in five annual
shares so deposited.
sums, each drawing interest at 6 per cent from the date of
FLOATING
DEBT.
the ratification of the agreement and the payment of the first
The creditors of the company, holding debts of whatever $4,000,000.
But the canal company reserves the privilege of
class, on transferring the same and evidences thereof to the paying the whole amount at any date within eighteen months
Reorganization Committee, and depositing the same in the after July 1, or before January 1, 1883, provided three months*
Trust Company, will receive a certificate which, upon the com- notice of such intention shall be given in advance.
But unless
this provision is carried into effect within the period specified,
older to fifty per cent of the amount of said debt in the new the payments are to be made annually, and until the last pay¬
ment is made the present stockholders of the railroad are to
second mortgage income bonds at par.
The cash realized under this plan, amounting to about retain control of the board of directors by an acting majority.
$330,000, after payment reorganization expenses, will be used By this arrangement, at the expiration of five years the
in reconstructing present railway so as to put it in proper canal company, by acquiring a majority of the stock, will
working order and providing for its full equipment. When the enter into possession of the road. Mr. Park said yesterday
securities under this plan have been deposited, a contract will that he had felt bound to protect other shareholders than those
be made with substantial parties to complete the road, making associated with him, and had consequently stipulated that any
a direct connection with
the mineral fields of the State of holder of shares should receive the same amount per share
Alabama and the trunk lines of the north.
that he and his associates received, by signifying his intention
For this construction there will be issued: First mortgage to sell within three months after July 1, 1881, and notices to
bonds. $15,000 per mile; income bonds, $15,000 per mile; stock, that effect would of course be transmitted to all such persons.
But in case of failure to receive such notice, any stock¬
$20,000 per mile.
The railroad will soon be sold under foreclosure. To save holder might take advantage of the terms of any date within
such disastrous result it is therefore important to the interests the five years specified, by making oath that no* such notice
of all holders of each class of securities and indebtedness to had been received by him until after the expiration of the three
immediately unite under this plan for their mutual advantage months named in the contract. The bonded debt of the oomand protection. Holders of securities and creditors must de¬ pany ($3.9S9,000), secured by mortgage on the road, and
posit their securities and debts under this plan on or before $1,000,000 of indebtedness, secured by the steamboat property
July 1st, 1881, or the railroad will be sold under the foreclosure belonging to the corporation, are not to be affected by
proceedings now pending. In the event that at least 90 per the sale.”
cent of bonds, stock and debts are not deposited with the
Pennsylvania Company.—The board of directors of the
Farmers’ Loan and Trust Company on or before July 1st, 1881,
the bonds, stock and debts then deposited can unite in the pur¬ Pennsylvania Company, which operates the lines controlled by
chase of the property at said foreclosure sale for their own the Pennsylvania Railroad Company west of Pittsburg and
Erie, liave elected the following officers: President, George B.
benefit.
Roberts; First Vice-President, J. N. McCullough; Second ViceNew York Lackawanna & Western.—A $12,000,000, forty- President, Wm. Thaw; Third Vice-President, Comptroller and
year, 0 per cent mortgage has been placed on the New York Secretary, Thomas D. Messier. A dividend of 2^ per cent was
Lackawanna & West. IIR., and it is reported that Messrs. Moses declared.
Taylor & Co. have taken a considerable amount of the bonds.
Western Union Telegraph—This company has declared a
N. Y. Stock Exchange.—The Governing Committee has listed
quarterly
dividend of
per cent out of the earnings of the
the following securities :
quarter ending June 30; The quarterly statement is given
Georgia Railroad & Banking Company.—$4,^00,000 capital below, and also the revised statement for the quarter ending
stock.
March 31. It will be observed that the statement for that
Texas & Pacific Railway Company.—$1,725,000 more of the
quarter
turns out to be nearly $300,000 less favorable to the
first mortgage 6 per cent gold construction bonds, Nos. 5,001 to
If it must needs be that the esti¬
company than first reported.
6,725.
mated quarterly returns cannot be exact, it might be well to
Louisville & Nashville Railroad Company.—$2,000,000 sink¬
Lave them made a little less favorable to the company rather
ing fund 6 per cent bonds.
than more favorable than the final result warrants.. The
Houston & Texas Central Railway Company.—$3,000,000
Tribune compares the figures as in the table below, giving the
general mortgage 6 per cent gold bonds, Nos. 1 to 3,000.
Ohio Southern Railroad Company.—$3,840,000 stock, $1,920,- company’s revised statement for the quarter ending March 31,
1881, just now published, together with the estimate for the
000 first mortgage bonds and $1,920,000 second mortgage
same quarter published March 9 :
Holders of the present capital

same

to the

Eletion of the reorganization under said plan, will entitle such

income bonds.

Estimate March9

Indianapolis Decatur and Springfield Railway Company.—
Trust certificates of the Central Trust Company, issued in
exchange for the old second mortgage bonds.
Ohio Southern Railroad.—This company, in its statement to
the New York Stock Exchange, says that the company is organ¬

ized under the laws of the State of Ohio.
The road runs from
the city of Springfield, in the county of Clark, in the State of
Ohio, to the village of Rockwood on the Ohio River, Length of
road completed and in operation : Springfield, Ohio, to Coalton,
with extensions and branches now completed, 128 miles ; sid¬
ings, about 9 miles. Equipments—13 engines, 2 passenger
coaches, 7 baggage, mail, express and caboose cars, 20 box freight
cars, 30 platform cars and 250 coal cars.
There are also under
contract for delivery during the summer months, 6
500 coal cars, 2 passenger coaches, 2 baggage, mail

locomotives,
and express
has no float¬

Net profits
Deduct interest on bonded
$107,000
debt
Construction, 'stocks
and

—

patents

,

Net for quarter
Deduct dividend

1*2 p. ct.

declared for the quarter..
Estimated surplus
Add surplus remaining

from
quarter ended Dec. 31, *80

Surplus
’This surplus does

$1,700,412

$107,000

.

Sinking
b fund appropriation.

^Corrected June, 8.—x

$1,069,174
489.693

175,000

20,000

20,005

302.000

616,698

$1,307,!74

$1,083,714

1,200,000

1,200,000

$167,174

Actual def. $116,286

148,285

148,28»

$315,459

*$31,999

not include .the cash turned over by the American
$238,000 ; nor does it include

Union Telegraph Company, amounting to
the new material turned over by that company,

also, 4,000 tons of steel rails. The company
and which cost about
ing debt, and has a cash balance in hand of $920*000 for addi¬ $225,000.
tional equipment, steel rails and other improvements. All prior
The following is the estimated statement of the business of
liens have been paid off and canceled.
The company is the company for the quarter to end June 30, compared with the
authorized to issue upon completed road: First mortgage
actual
bonds, $15,000 per mile; second mortgage income bonds, $15,- 1880 figures at the end of the quarter that ended June 30,
; the quarter of 1880, of course, not including the business
000 per mile;
capital stock, $30,000 per mile. The company
has issued first mortgage bonds bearing date May 23, 1881. of the American Union Company which since has been
absorbed:
payable June 1, 1921, 1,000 each, interest at 6 per cent, pay¬
FOR QUARTER ENDING
able June and December, on the 128 miles completed road,
-June 30, 1881.-June 30, 1880.Estimaied.
amounting to $1,920,000; second mortgage income bonds, dated
Actual.
$1,836,391
May 23,1881, payable June 1,1921, $1,000 each, interest not ex¬ Net profits.
$1,017,466
ceeding 6 per cent per annum (when earned), payable June Deduct interest ou bonded1
$107,000
$106,S91
and December, $1,920,000; capital stock issued, 38,400 shares,
20,000
20,000
of $100 each, $3,840,000.
75,000
594,047
202,009
720,938
Panama Railroad.—The negotiations for the purchase of
the Panama Railroad by the De Lesseps Panama Canal Com¬
$1,6:14,391
$296,528
Net earnings for quarter.
1,200,000
717,571
pany have been terminated by the execution of an agreement Deduct dividend for quarter
by the American committee and officers of the railroad com¬
cars;

This will have to receive the formal ratification of the
canal company, but there is little doubt that the contract made
by the American committee will be approved. The contract is
pany.




Defioit for quarter
Add surplus of

March 31...

Surphie June SO

Surplus, $434,391

$421,043

824,288

31,999

$403,245

$1G6,390

4

THE

638

CHRONICLE.
COTTON.

The Commercial jinxes.
COMMERCIAL

Friday, P. M.. June 10, 1881.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week ending
this evening (June 10), the total receipts have reached 29.432

EPITOME”

Friday Night, June 10,1881.
We have had in this section a

week of

severe

storms, and

they have extended over a wide area, doing much damage in
ome localities.
The temperature has been low, and frosts
have occurred in elevated positions.
These circumstances have
been unfavorable to trade, except so far as they have influenced

bales, against 32,642 bales last week, 36,851 bales the previous
week and 42,415 bales three weeks since; making the total
receipts since the 1st of September, 1880, 5,594,474 bales, against
4,781,696 bales for the same period of 1879-80, showing an increase
since September 1, 1880, of 812,778 bales.
Galveston

mercantile circle s.
The provision market

Florida

has shown a gradual decline and a
general weakness throughout the past week. The position has
lacked speculative support, and the export movement has been
limited.
To-day pork was again quiet at $15 62^@$16 for old
and $16 75 for new mess; July options realized $16 50; June
and August quoted $16 50; September, $16 50@17, bid and asked.
Bacon has ruled nominal at 8%c. for long clear, 9/4c. for short
do. and 9c. for half-and-half.. Beef has been dull. Beef hams
have declined to $23 50@$24.
Lard was lower on the spot to¬
day and irregular for future deliveries; prime Western on the
spot sold at ll*05@HT0c.; June sold at 11 02^@ll‘05c.; July,
ll*05@llT0e, closing 1107^c.; August, 11‘02^'311'07/^c.,
closing at 10'05c.; September, 10‘90@10’92^c.; October, 10‘75c.;
seller year, 10 25@10‘30c.; refined to the Continent, ll*15c.
Butter has had a better sale at steadier prices.
Cheese closed
steady at a decline to 8/£@9%c. for good to choice factory.
Tallow has had a large export call, and is now firm at 6 9-16@
6 ll-16c. Stearine is quoted at 13@13/£c.
Rio coffee has been quiet but firm at a further advance, fair
cargoes now being quoted at ll^c.; mild grades have sold fairly
at firm quotations. Rice has been in pretty good demand and
steady. Refining molasses has advanced to 38c. for 50-degrees
test, and closes firm, with a good demand and a moderate sup¬
ply ; grocery grades have been in fair demand and firm. Spices
have been quiet. Raw sugar has advanced to 7%@8c. for fair
to good refining on fair transactions; but within a day or two
large receipts by refiners themselves have caused a marked
falling off in the trade with importers, and the market, though
firm, has been somewhat nominal.
Hhds.

Receipts since June 1,1881
Sales since June 1,1881
Stock June 8, 1881
Stock June 9, 1880

Boxes.

28,941

1.136

21,001
61,365
132,451

1,136
6,844
4,929

Bags.

Melado.

4,210

691

21,150
973,191
959,632

684
302

6,953

Mon.

Sat.

Receipts at—

speculation; and the extreme activity of the previous fortnight
in several leading staples has not been maintained. Still, there
is a good business in progress, and a cheerful tone pervades

-

[Vol. XXXII.

Indianola, &c.
New Orleans...

685

282

189

314

....

....

....

....

....

t

2

128

275

887

282

101

....

....

....

....

630

490

845

221

520

....

....

....

349

232

201

196

219

....

....

....

....

....

Brunsw’k, &c.
Charleston

Royal, «fec.
Wilmington ....
Morek’d C.,«fec

212

1

....

....

Norfolk

743

731

New York

279

118

Boston

596

378

335

Baltimore

300

500

150

Philadelp’a, &c.

767

52

209

496

Totals thisweek

5,842

4,790

6,129

3,306

Pt.

53

8,290

99
•

1,798

53

1,496

2,340

•

24

1,011

1,321

•

Total.

559

1,563
•

Fri.

Thurs.

Wed.

304

Mobile

Savannah

Tues.

95

1

1

306

3,012

50

1,247

....

47

27

....

67
*

449

38

38

357

3,994

....

....

1,161

422

580

320

320

410

1,045

704

795

45

44

456

104

300

200

514

546

3,351
1,854
1,554
2,584

4,381

4,984

29,432

....

City Point,&c.
’

.

comparison, we give the following table showing the week’s
total receipts, the total since Sept. 1,1880, and the stocks to-night
and the same items for the corresponding periods of last year.
For

This

June 10.

Week.

Galveston
New Orleans

Mobile

This

1, 1880.

Week.

1

20.358

853,402

9,430
99,977
11,883

458,945

9,260
718,486 12,804
3,631
8,359
8,136
445,561
49
30,619
1,364
75,819
1,964
26,884
563,697
9,799 16,513
152.266
195,742 163,642 152,594
211,123 10,495 11,535
7,039
16,316
5,947
46,081
9,289 12,214

1,344

4,855

1,247

613,323

1,318

49,955

Port

Royal, Ac.
Wilmington
M’head City,&c

38

3,994

692,135

320

208,556
166,805
162,136
44,217
68,116

City Point, &c.
New York

3,351
1,854
1,554
2,584

Boston
Baltimore

Philadelphia, &c.

....

*

116,433
30,165

449

Norfolk

14
19

29,432 5,594,474

Total

39.689

5

3,012

1880.

1881.

7,700
3,579 1,458,907 150,153
824
349,778 10,231
5
20,141
5,086

555

53

Brunswick, &c.
Charleston

Sep.
1,1879.

1,798

Florida
Savannah

Since

Since Sep.

650,059
15,153
8,290 1,520,120
887
378,689

Indianola, &c..

Slock.

1879-80.

1880-81.

Receipts to

3,958
1,059
1,326
3,243
169

1,162

"

18,580 4,781,696 427,284 340,168

Refined sugars sold freely early in the week at higher
In order that comparison may be made with other years, we
prices, but have latterly been less active at some re-action in give below the totals at leading ports for six seasons.^
values ; crushed is now quoted at 11c., powdered at ll^c. and
1876.
1880.
1878.
1877.
1879.
1881.
Receipts at—
granulated at 10%@10%c.
Kentucky tobacco remains quiet, notwithstanding the recent Galvest’n,&c.
333
560
480
685
1,518
1,851
award of Regie contracts; sales for the week, 400 hhds., of
New Orleans.
933
3,232
2,146
2,543
3,579
8,290
which 220 for export and 180 for home consumption ; lugs are
607
181
165
824
866
Mobile
887
quoted at 4/£@5/4c., and leaf, 6@12c. Seed leaf continues to Savannah....
763
765
2,068
3,012
1,344
1,052
show a large demand for the crop of 1880, and sales for the
731.
453
474
257
Charl’st’n, <fcc
1,318
1,247
week are 3,596 sales, as follows : 2,610 cases 1880 crop, Penn¬
143
163
276
107
33
487
Wilm’gt’n, <fcc
sylvania, assorted lots, at 15@20c.; 330 cases 1879 crop, Penn¬ Norfolk, &c..
629
1,403
5,017
2,006
1,179
4,314
sylvania,' fine assorted, 21@22/$>c., and wrappers, 19@42^c.; All others....
1,232
2,510
9,344
5,905
1,898
3,010
456 cases 1879 crop, New England seconds, 10}£@12c., and
Housatonic assorted, private terms ; 100 cases 1879 crop, New
Tot. this w’k.
8,444
6,612
18,580
11,231
29,432
8,526
England wrappers, 16@20c.; 100 cases sundries, 8@17c.; 500 Since
5594.474
4407,422 4219,715 3923,562 4037,057
*

•

c

Sept! 1.

bales Havana, 90c.@$l 20.

Naval stores have been very buoyant, under a strong specu¬
lative action. A few days since 1,200 bbls. spirits turpentine
were taken at 39c.; there remained but 200 bbls. here, and
these have since been taken. There are no offerings here, and
the market is nominally 42/£@43c. Rosins have been advanced,
to

$2 bid for strained, and $2 02^2 bid for good strained.

Pe¬

troleum has had an active export call at 8/4c. for refined. Crude
certificates closed steady at 82/£c. bid.
Ingot copper has
declined to 18@18Mc. for Lake. Lead closed at 4/^c., after
2,500 tons Richmond had been sold at 4r/ici
American

Galveston includes

47*1,690
ImlianoLa; Charleston includes Port Royal, &c.;

Wilmington includes Morekead City, &c.; Norfolk includes City Point, <fcc.
The exports for the week ending this evening reach a total
of 52,436 bales, of which 36,137 were to Great Britain, 11,684 to
France and 4,615 to rest of the Continent, while the stocks as
made up this evening are now 427,284 bales. Below are the

exports for the week and since September, 1, 1880.

Great

France
pig iron firm at $24 for No. 1 and $22 for No. 2. Scotch pig
BriVn•
iron quiet.
Pig tin stronger at 20^c. for straits. Steel rails
have had a fair trade for 1882, at $56, deliverable at tidewater. Galveston
3,605
New Orleans..
11,1*2
9,573
"Wool in better sale and steady.
Ocean freight-room has been fairly taken, and as a rule a Mobile
Florid:!
ood, steady tone to rates
has been maintained. The Savannah
tonnage in port is not excessive. To-day grain was taken to Charleston
1,611
Liverpool by steam at 3>id. per bushel; flour, 11s. 3d. per ton; Wilmington..!
bacon, 15s ; cheese, 25s.; cotton, ll-64@3-16d.; grain to Lon¬ Norfolk
3,821
don by steam, 4/4@5d.j flour, 13s. 9d.; grain to Glasgow by New York
500
8,702
steam quoted 4/£d.; flour taken at 18s. 9d.; cheese, 25s.; grain Boston
4,243
to Bristol by steam, 4%d.; do. to Hull by steam, 4%d.; do. to Baltimore
1,406
Havre by steam, ll^c.; do. to Antwerp by steam, 4%d. Grain Philadelp’a,Ac
3,178
to Cork for orders, 4s. 3d.; do. to a Danish port, 5s. l/6d.; do.
Total
36,137 11,684
to Reval, 4s. 6d.; naphtha to Hull or Newcastle, 3s. 7/£d.; re¬
Total 1872-80 38,404 "3,473
fined petroleum to an Irish port, 3s. 4}£d.; do. to German
Baltic, 3s. 9d„ July first clearance; cases to Levant, 23/£c.
•Iaoiudea export* from Port




From

Week-Endinq June 10.
Exported to—

Exports
from—

Total

Great

nent.

Week.

Britain.

4,615

227

20,982

......

.

.

.

2,051
.....

652

••••»#

4,615
20,464

Contitie?it*

Total

297,219 51.12S
831.168 311,585
80,536 24,774

102,921

451,268

347,48o

1,490,236

7,419

112,729

37,866
61,910
1,444

269,914
212,809
11,222

2,350
35,004

7,597
102,245

505,718
473,147
69,812
319,867
49S.089
102,250
131,653
'61.330

675

197,998
198,428

3,821
11,253
4,243

309,420

102,248

••••••

2,058

101,010

.

3,178

61,228

57,146

••••••

.

France

1.611

675

•••••»

.

......

Sept. 1.1S80. to June 10,1S81.
Exported to—

Conti-

1,010

:

360.840

2
-

.

...

27,613
102

52,436 2,600,269 526,561 1,089,329 4,216,159
57,311 2,401,725 352,661

Royal, Ac.

823,802 3,578,188

0Q

la

telegrams to-night also give

addition to above exports, our

following amounts of cotton on shipboard, not cleared, at
the ports named. We add similar figures for New York, which
are prepared for our special use by Messrs. Carey, Yale &
Lambert, 60 Beaver Street.
June

10, at—

Great
Britain.

France.

20,796
1,800

New Orleans

Mobile
Charleston

None.
None.

Bavannali
Galveston

York
Other ports
New

Tots!

Other

Foreign

7,211

4,439

None.
None.
None.

Nono.
550
None.

Coast¬
wise.

tr© ®

Total..

B
o

m
©

1,000

159.492

900

3,181

13

None.
None.

250

None.

1,000
14,225
*4,150

1,000

500

4,500

38,129

38,849

8,492

9,420

2,018

59,179

363.105

but as
Wednesday,
though Liverpool opened firmer, there was a decline with us o
11@15 points, closing, however, at some recovery. Thursday, the

and September being slightly lower, and the next crop
dearer, on reports of unsettled weather again in the Southwest
To-day the reports of the Southern Exchanges caused an ad¬
vance of 9@11 points, but this was partly lost at the close.
Cot¬
ton on the spot has been quiet.
There were no changes in
quotations down to the close of yesterday’s business. To-day
there was a disposition to hold for higher prices, and there was
more doing; but middling uplands closed at 11 l-16c.
The total sales for forward delivery for the week are 416,000
bales. For immediate delivery the total sales foot up this week
4,934 bales, including 1,521 for export, 2,831 for consumption,
532 for speculation and — in transit. Of the above,'656 bales
were to arrive.
The following are the official quotations and
sales for each day of the past week.

Strict Ord..
8°16
9k
Good Ord..
Str. G’d Ord 934
Low Midd’g 1°7,6

gl

1338

13%

Fair

Th.

Wed

-

Strict Ord..
Good Ord..
Str. G’d Ord
Low Midd’g

’13.
16

7*3ie

Ordin’y.$ ft»

1338

13%

Frl.

Wed

8°ig

9^4
9%

914
9\

914
9%

10V

10716

,

Sat.

STAINED.

$ lb.

Low Middling

1178
-

12%

12%
13%

11%

115x6
11%
12%
12%
13%

00
+3 or

11%

Ex¬

port.

Sat.. Quiet and steady
Mon

Quiet and steady
Tnes. Quiet and firm...
Wed Quiet and firm...
Thura Quiet and steady
Fri.
Steady
.

.

.

200
115
224
162
142
678

M

Total'

11%

Yieus to that

on

which

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Sept.-Oet. for
8ept.-Dec. for Decem¬
ber, 1,464,500; Sept.-Jan. for January, 2,588,900; Sept.-Feb. for Feb¬
ruary 2,372,700; Sept.-March for March, 3,466,100; Sept.-April for
April, 2,595,800; Sept.-May for May, 2,156,400.
Transferable Orders—Saturday,
11*00; Monday, 11*10; Tuesday,
11*15; Wednesday,11 *05; Thursday, 11*05; Friday, 11*10.
The following exchanges have been made during the week:

Includes sales in September for September, 621,400;
Oct., 946,500; Sept.-Nov. for November, 762,100;
*

7716

8716
9li0
103s

9!l6
103q

FUTURES.

Sales.

619 60,700
688 26,600
524 104,200
629
93,000
688 70.600

Deliv¬
eries.

1,200

1,100

60,900

600
900
700
300

4,934 416.000

4,800

1,786

10*639 8

©©

-4©

AND TRANSIT.

1

MM

aa

135a

1030

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coco

135s

103s

ato

99

13%

1038

s

10*67 8,50 1 1

to to

13%

9116

1 $P
mma

99©
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10*6-

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MM

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to to

OO

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©

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10*65- 10*63@I706,50 10*67- 863^10*7517,40

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Mon Tuea Wed

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99

1118

M

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1178
1278
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1.008

P.S-C

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0
CO

10116
101316

delivered the day pr©

The Sales and Prices of Futures are shown by the follow¬
ing comprehensive table. In this statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sale^
g |




;

P

11513 H°16 H5X6
1 I 78
1178
1178

above are actually
they are reported.

The daily deliveries given

CO

00

8116
Sihc

11516
11 78

0

CO

Mon. Taea

11%

ConSpec- Tran¬ Total.
sit.
sump. uVt'n
227
483
300
352
461

•

b

ir

C® ®

p<£*b

.

H516 11&X6
11% * 11%

SALES OF SPOT

CLOSED.

P
orj

2

»

® ©

f,rs$

;

►1

O'
M

"wSL

©

i—©

c
B

B*»

S’P
P
Pi
*

h-4

MARKET AND SALES.

SPOT MARKET

i=J-«-(

p

I $K>
m

Frl.

Th.

7716
8716
9110
1030

Middling

11316

*

©

® ©

£

f-*M

She
She
She
8%6
8!16
8ii6
811x6 811x6 8*1X6 811ig Sihe 811x6
99X6
99ie
9916
99i6
99ig
99i6
101,6 101,6 101,6 IOI10 lOfifi 101,6
101316 10*3x6 1013x6 101316 10i3ie 1013x0

Str.L’wMid 1O1310'1O15i6 101316 11%
Middling... IH16 lUitf Hhe 11616
117S
1158
11%
Good Mid.. 11%
12%
Str. G’d Mid Il78
1178
11%
l*27s
12%
Midd'g Fair 12 58 125Q
13%
1338
1338
Fair
1338

Good Ordinary
_r.
Strict Good Ordinary

Sat.

-4

M

71316
8516

8°ie

!07i6

Mon Taea

11%

a -

;

CO

9

8*16
8iie
8l,«
8!l6
811x0 8ll16 811x6 81116
9916
99x6
9yn
914
9yi0
934
lOiie 101,6 101,6 KUia
1O710 1013x0 iOl316 10l3i6 101*16

10716
Str.L’w Mid 1013i6 10liJ]6 101316 11 x8
Middling... lUm 111X6 ll!l6 115,6
1178
11%
1158
Good Mkl.. 11 '^8
1218
1178
Str. G’d Mid 11 78
1178
I27s
12%
125s
Midd’g Fair 125g

© M

B*© ® P
e

M.J0

CD

©M<-;y
p
>®

tO©

TEXAS.

NEW ORLEANS.

713i6
8516

914
934

© © p

•

© •

CC^l
P+,
>—
© 71 © 2

crop

713x6
8°16

&

QKj

mi 2Sgf gasf
00 ti

3}

C*® ®

©

o

variable and unsettled; opening firmer in response
Liverpool, then declining, and finally closing irregular, this

71*16

I—1> c

f

B

00

market was

Ordin’y.^Tb

V
,

at presses for foreign

sufficiently

Sat.

g-ir'L,
p.

•

M

©

® ©

.

:

©u

—1

l-J

25,464

advance. A considerable “short interest” became
anxious to enter upon active buying to cover contracts;
this demand subsided, prices weakened; and on

Mon Toes

e*© © ©
B ® • 59

—*■

•

►d

11,804

1,278

delivery, during the week
under review, has been fairly active, but fitful and variable in
tone, and prices have been somewhat irregular. The Liverpool
market was closed during the first three days for the Whitsun¬
tide holidays. Saturday was easier, and Monday very, very dull
but stiffened up at the close, and Tuesday made an important

Sat.

,

® ®

® ©

**

ft®
^
M —®

’

O

M

9,753
3,500
3,000

UPLANDS.

•

©

©

117,549
8,481
7,236

32,604
1,800

Included in this amount there are 400 bales
porta the destination of which we cannot learn.
The speculation in cotton for future

June 4 to
June 10.

Jj *

qhjOD®
—
P

o

155
None.
350

*

to

B

Leaving
Stock.

©,£:

® a

e+

Shipboard, not cleared—for

On

3

.3
S3!
.►jPQi

&

the

us

689

CHRONICLE.

THE

1881]

June 11,

•08 pd. to exch. 500 July for-Aug.
pd. to exch. 200 Oct. for Sept.
*08 pd. to exch. 1,000 July for Aug.
pd. to exoh. 400 June for Aug.
*08 pd. to exch. 400 July for Aug.
pd. to exch. 100 July for Aug.
*03 pd. to exch. 500 June for July.
The Visible Supply of Cotton, as
np

*40
*12
.08

made

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 consequently
Drought down to Thursday evening; hence, to make the totals the
complete figures for to-nignt (June 10), we add the item of exports
;rom

the United States,

Stock at Liverpool
Stock at London
Total Great Britain
Stock at Havre
Stock at Marseilles

Stock.at Barcelona

including
in it the
exports 1879.
of Friday1878.
only:
1S80.
1881.

bales.
stock

904.000
48.400

797,000
51,100

591,000

858,00#

37,500

12,000

952,400
207,000
4,000

848,100
87,100

870.000
230,000

33,000

45,700

628,500
116,000
2,250
42,000

4,310

6.500

51,500

640

THE
1881.

Stock
8took
Stock
9took
Stock

at

HamDurs*

1880.
3,000
45,100

28,500

41,750

21,600

33,500

66,000

1.250
400

12.250

10,900

2,430
1,320
15,100

9,250

6,500
18,250

359,700

225,660

236,150

439,750

bales.

6.500

Bremen
at Amsterdam
at Rotterdam
at

50,400

at

41.600
5.520
780

Antwerp
.

Total continental ports...

India

cotton

afloat tor

1,312,100 1,073,769
286,000
311,000
>
375,000
333,000

Europe.
.

>

Stock in United States ports
Stock in U. S. interior perts..

..

,

United States exports to-day..

CHRONICLE.

35,000
427,23 4
54,142
8,200

1879.
3,000

1878.
7.000

861,650 1.309,750
321.000

183,000

203,000

151.000

24.000

12.000

340,016

10.000
217,096

63.059

225,565
19,197

7,000

500

18,071
8,000

the same towns have been 2,554 bales
last year.

2.497,726 2,156,335 1,615,912 1,896,917

.

.

American afloat for Europe..
United States stock
United States interior stocks..
United States exports to-day..
.

.

Total American
East Indian,Brazil, dec.—

634,000
253.000
375,000

528,000

427.284
54,142

159,000
338.000
3 40,016
63,059

8,200

7,000

456,000
198,000
203,000
225,565
19,197
509

678,000
377,000
151,000
217.096
18.071

.

London stock
Continental stocks
India afloat for Europe

.

.

.

Egypt, Brazil, &c., afloat

220,000
48,400

Week

35,000

321.000
12,000

12.000
62,750
183.000
10,000

696.100

721,760

543.650

447.750

106.700
286,000

135,000
37,500

33,150

Receipt* at the Port*.

ending—

1879.

1880.

1881.

Mar. 25

60.69S

April 1

.

.1,801,626 1,435,075 1,102,262 1,419,167

Price Mid. Upl., Liverpool

.2.497,726 2,15G,S35 1,645,912 1.896,917

6:!i6'l-

—

6i**i6(i-

7d.

The above

figures indicate an increase in the cotton in sight
to-night of 340,891 bales as compared with the same date of 1S80,
an increase of 851,814 bales as
compared with 1879 and an in¬
crease of 600,809 bales as
compared with 1878.
In the preceding visible supply table we have heretofore
only
included the interior stocks at the seven
original interior towns.
As we did not have the record of the new interior towns
for the
four years, we could not ma£e a
comparison in any other way.
That difficulty no longer exists, and we therefore make the fol¬

lowing comparison, which includes the stocks at the nineteen
towns given weekly in our table of interior stocks instead of
only
the old

seven

towns.

We shall continue this double statement for

time, but finally shall simply substitute the nineteen towns for
the seven towns in the preceding table
a

1881.

54.28J
41,851

87,323

J5

40,187

3S.9I0

00.579

22...

33,181
22.283

6

19,031

33.714
30,858
23,601

00.718

20

47,729
45.535

M

13

19,897

24.630

49,150

“

30

10.073

20,511

42,415

“

91,9(50 238,550 237,401
87,294 220,930 218,800
78,902 204,151 204,211
71,540 186,038 193,949
59,249 170,157 175.310
51,429 161.455 158,248

27

17.113

23,704
23,074

3(3,851
32,012

42.198 143,241 132,471
37.570 130,335 123,342

“

lay

*

1880.

8

“

lc0,000

1879.

93.690 131,403 206,120 277,992
78,514 110,879 259.223 200,579
83,090 107,005 232.495 249,879

June 3

Total East India, &c
Total American

same

Stock at Interior Ports Rec'pts from

53,419
47,393

8,000

269,000
51,100
66,660
311.000
24,000

than the

week

RECEHT9 FROM PLANTATIONS.

v

.1,801,626 1,435,075 1,102,262 1,449,167

Liverpool stock

more

Receipts from the ' Plantations.—The
following table is
prepared for the purpose of indicating the actual movement
each
week from the
plantations. Receipts"at the outports are some¬
times misleading, as they are made
up more largely one year
than another, at the expense of the interior stocks.
We reach
therefore, a safer conclusion through a comparative
statement
like the following. In reply to
frequent inquiries we will add
that these figures, of course, do not include overland
receipts or
Southern consumption;
they are simply a statement of the
weekly movement from the plantations of that part of the
crop,
which finally reaches the market
through the out-ports.

rieauaudotlier ilcficripcioud areas tollovv.-:

American—

[VoL. XXXII.

"

10

11,089
....

0,012

18,580 29,432 32,429

1! 5.033

98,428

Plant'nt.

1879.

1880.

50,549

33,492 84,308
40,490 07,101
30,593 68,990
24,971 54,101
19,094 42,177
14,070 33,080
8,163 35,273
14,135 30,51?
11,812 25,347
5,55) 11,074
11,008 23,513

39,699

34,977
25,148

31,511
13,951

11,615
7,000

8,853
7.8S2
6,40!
1,471

2,983

1881.

-

4.518

The above statement shows1. That the total receipts from the
plantations since Sept. 1 in
1880-81 were 5,652,830 bales; in 1879-80 were
4,889,433 bales; in
1878-79 were 4,434,199 bales.
2.

That, although the receipts, at the out-ports the past week
29,432 bales, the actual movement from plantations was
only 4,518 bales, the balance being taken from the stocks at the
interior ports. Last year the receipts from the
plantations for
the same week were 2,983 bales and for 1879
they
were 1,471
bales.
were

Weather Reports

telegraph

by

Telegraph.—Oar reports to-night by

are in general very favorable. In Texas there has
rain so that good progress has been made in
clearing

been no
the fields. Elsewhere, with limited
have also been satisfactory.

exceptions, the conditions

Galveston, Texas.—The weather has been warm and dry all
week. Crops generally are good, but there is much
Amemean—
1881.
1880.
1879.
1878.
of grass and scarcity of labor, and some sections
complaint
;s
684,000
528,000
456,000
678,000
253,000
159,000
198,000
377,000 report some land planted thrown out trom inability to cultivate.
375.000
338,000
203,000
151,000
Average thermometer 83, highest 91 and lowest 77.
427,284
340,016
225,565
217.096
Indianola, Texas.—We have had no rain during the past
98,428
1 45,038
32,429
29,315 week.
United States exports to-day.
7.000
8,200
Crops are doing well. We hear rumors of the appear¬
500
8,000
ance of
caterpillars, but think them of very little importance.
Total American
.1,845,912 1,487,054 1,115,494
The thermometer has ranged from 75 to
East Indian, brazil, die.—
93, averaging 84.
Corsicana, Texas.—The weather has been warm and dry all
Liverpool stock
220,000
269,000
135,000
180,000
London stock
48.400
51,100
37.500
12,000 the past week, which is just as desired.
Good progress is being
Continental stocks
106,700
66,660
38,150
62,750 made in clearing the fields.
Wheat
harvest
has been resumed.
India afloat for Europe
286,000
311,000
321,000
183,000
Crop prospects are fair. The thermometer has averaged 85,
35,000
24,000
12,000
10,000
ranging from 68 to 96.
696.100
721.7C0
543.650
447,750
Dallas, Texas.—We have had no rain during the past week,
Total American
1,845,912 1,4*7,054 1,115,494 1,460,411 and we do
not want any.
Wheat harvest continues, and other
Total visible supply
2.542,012 2,208,814 1,659,144 1,908,161
crops
promise about an average.
The thermometer has
The imports into Continental
ports this week have been ranged from 68 to 96, averaging 85.
19,700 bales.
Brenham, Texas.—The weatlier has been warm and dry
These figures indicate an increase in the cotton in.
sight to* all the past week. Good progress has been made in clearing the
night .of 333,198 bales as compared with the same date of 1880, an fields, and prospects are not bad. Blooms are abundant, with a
mci'eaxe of 882,868 bales as
compared with the corresponding few bolls. Average thermometer 84; highest 93, lowest 72.
date of 1879 and an increase of 633,851 bales as
Waco, Texas.—We have had no rain during the past week.
compared with
1878.
Good progress is being made in
clearing the fields. Farmers
are busy
At the Inferior Ports the movement—that is the
and in better spirits. The thermometer has averaged
receipts 85,
and shipments for the week, and stocks
ranging from 72 to 94.
to-night, and for the
New Orleans, Louisiana.—It has rained on three
corresponding week of 18S0—is set out in detail in the following
days the
statement:
past week, the rainfall reaching one inch and forty-two hun¬
dredths. Average thermometer 81.
Week ending June 10. ’81.
Week ending June 11, ’80.
Shreveport, Louisiana.—The weather during the past week
has been fair, dry and hot.
Average thermometer 83, highest
the past

..

..

.

..

..

..

..

.

Receipts.

Sh

ipm’ts

Stock.

1,369
1,223

Selma, Ala,...
Memphis, Tenn..
Nashville, Tenn.

696
203
195
135
110

1,977
548

11,950
1,593

10,342
4,038
4,567
3,292
2,970
22,249
6,684

94
82
29
61
40
720
28 4

Total,old ports..

3,864

17,486

54,142

1,310

Augusta, Ga
Columbus, Ga...
Macon, Ga
Mon tgom’ ry, Ala.
..

627
224
500

Receipts. Sliipm'ts

Stock.

263
612
122

10,087
5,951

1,058

1.369

110

3,915
1,492

6,089

32,710

1,001

7,505

9,857

63,059

99 and lowest 68.

Vicksblirg, Mississippi.- Telegram not received.
Columbus, Mississippi. -It has rained on three days the
past week, the rainfall reaching one inch and ninety hundredths.
We are having too much rain.
Little Rock, Arkansas.—The past week has been clear and
hot, with a light shower on Tuesday night, and a severe storm,

and
last
and

one

of the heavi&st rains that has

ever

fallen

here, occurred

night, lasting two hours. The rainfall reached three inches
Dallas, Texas.
265
553
sixty-one hundredths. The thermometer has ranged from
2,500
8
39
175
50
Jefferson, Tex.*.
150
63 to 91, averaging 67.
958
30
30
100
422
735
Shreveport, La..
144
2,910
302
1,810
Nashville, Tennessee.—We have had rain on four days the
200
392
Vicksburg, Miss.
968
153
389
279
past
week, the rainfall reaching seventy-one hundredths of an
13
Columbus, M iss..
242
437
15
30
200
Eufaula, Ala....
110
inch. Average thermometer 74, highest 93 and lowest 55.
258
11
1,292
135
1,690
13
Griffin, Ga
14
218
102
890
Mobile, Alabama.—It has been showery on two- days the
147
Atlanta, Ga
3,795
39
6,600
95
7,642 past
week, and the rest of the week has been partially cloudy.
Home, Ga
158
176
424
96
258
2,203
The rainfall reached one inch and
818
Charlotte, N. C..
768
250
275
327
700
eighty-six hundredths. Tne
St. I ouis. Mo
2,182
6,930
16,444
702
6,533
30,819 crop is developing promisingly.
thermometer has ranged
The
Cincinnati, O....
8,139
9,796
11,285
5,136
5.471
5,419
from G4 to 91,
averaging 78.
Total, new ports 12,517
Montgomery, Alabama— We have had delightful showers
23,809 44,286
6,609
13,659
51,979
on three
days the past week, with a rainfall of one inch and
Total, all
16,381
41,295
98,428
7,919
23,516 115.038 eleven hundredths, and the indications are that
they extended
over a wide surface.
The balance of the week has been cloudy.
The above totals show that the old interior stocks have
de¬ The crop is developing
promisingly, and the fields are clear of
creased daring the week 13,622 bales, and are
to-night 8,917 weeds. The thermometer has averaged 77, ranging from 61
bales less than at the same period last
year. The receipts at :o9l.
:




..

....

'

June 11,

THE CHRONICLE.

1881.J

Selma, Alabama.—It has been showery on two day3 the past
week, and the rest of the week has been pleasant. The rainfall
reached thirty hundredths of an inch. Average thermometer 79.
Madison, Florida.—We have had rain on two days the past
week, but not enough to do much good. The days have been
The cotton plant looks
warm, but the nights have been cold.
strong and healthy. The thermometer has ranged from 70 to
86, averaging 78.
Macon, Georgia.—We have had

delightful showers on’three
days the past week, and the indications are that they extended

641

asla6t year, and scarce and high from 7. Tnthousoof
fertilizers 47
replies indicate an increase from 5 to 100 per cent; 7 report uot as much
used, giving a total average increase of 20 per cent. Several
reports
complain of the late planted cotton uot coming up, from the effect
of the
drought, and that some labor has gone West.

Savannah Department.
This report covers Northern, Middle and Soulhwcslci'n
Georgia, (being
all of Georgia except the
twenty-eight counties in charge of the Augusta
Cotton Exchange) and the entire State
of Florida. The report is pre¬

pared and issued by the Savannah Cotton Exchange, through their Com¬
mittee on Information and Statistics,
composed of J. H. Johnston,
Clavius Phillips, J. J. Wilder, L. G.
Young and F. M. Farley.

wide surface, doing much good. We have secured a good
Georgia.—109 replies from 52 counties.
are generally clear of weeds. The
About 5 per cent more land was planted in cotton this
year than last.
crop is developing promisingly.
Average thermometer 72.
The stands in the early planting are
good, but owing to a
Columbus, Georgia.—It has rained on four days the past long spell of six weeks of dry weather,exceptionally
much of the late planting is uot
out of the ground. Early planting was from ten
week, the rainfall reaching two inches and sixty-three hun¬ yet
days to two weeks
later than last year. Late is growing finely. Labor is the
same in num¬
dredths. The thermometer has averaged 82, ranging from 70 ber and
efficiency, except where drawn off by new railroad
over a

stand of cotton, and the fields

to 90.

The increase in the

Savannah, Georgia.—It has rained

two

days the past
week, and the rest of the week has been pleasant. The rainfall
reached forty hundredths of an inch. Reports from the crop
state that the medium early planting is doing well, but that late

planting is doing badly, and tliat all

on

are

generally backward,

The thermometer has averaged 82, ranging from 66

but clean.
to 91.

Augusta, Georgia.—We had light rain on one day the early
part of the past week, but the latter portion has been clear and
pleasant. Tae rainfall reached sixteen hundredths of an inch.
Crop accounts are good. The crop is developing promisingly.
The thermometer has ranged from 62 to 92, averaging 77.
Charleston, South Carolina.—We have had a shower
day the past week, with a rainfall of six hundredths of

one

inch.

Average thermometer 79, highest 92 and lowest 64.
following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
The

June 9,1881, ana June 10, 1880.

New Orleans

Memphis

Below high-water mark

..

Above low-water mark...

*

Nashville

Above low-water mark...

Shreveport

Above low-water mark...
Above low-water mark...

Vicksburg

June 9, '81. June 10. ’80.
Feet. Inch.
Feet. Inch.
8
7
2
0
16
3
20
33

4
3
10
11

18
3
12
25

5
0
7
5

New Orleans reported below high-water mark of 1871 until
Sept. 9,1874, when the zero of gauge was changed to high-water
mark of April 15 and 16,1874, which is 6-10ths of a foot above
1871, or 16 feet above low-water mark at that point.
Jute Butts, Bagging, &c.—Trade has not shown
any increase
since our last report, but there is a fair
inquiry for jobbing
wants, and this is taking off a quantity of stock. 'There have
been sales of about 1,000 rolls of various grades, for which
full
figures were paid, and the close is steady, with holders quoting
9%e. for 1% lbs., 10c. for 2 lbs., and 10%@lle. for standard
grades. Butts have not been very active, and beyond a few
small transactions

last

quoted, and

we

hear of

ne

business.

Prices continue

as

goods moving are at these rates. Some
800 bales are reported as placed
during the week, and the
market closes at 2 ll-16@2%e. for paper
quality, and 2%@3c.
for spinning grades, with some holders
asking a shade higher.
Cotton Exchange Acreage Reports.—Below are
telegraphic
summaries
any

of the acreage and
up to June 1.

condition reports of the Cotton
We omit at this time to analyze
them, but shall attempt to do it next week in connection with
the Agricultural Bureau’s
figures, which will, we suppose, be
issued on the 15th instant.

Exchanges, made

Norfolk Department.
The Norfolk Cotton
Exchange, through their Committee on Information
ancl Statistics,
composod of George L. Arps, Chairman, R. P. Barry and
John N.
Vaughan, issues the following report, covering the State of
Virginia and the
following Counties in North Carolina:

Rutherford,
Lincoln, Catawba, Rowan, Davidson, Iredell, Burke, Wilkes,
Caldwell,
Alexander, Davie, Forsythe, Yadkin, Stokes, Surrey, Rockingham,
Caswell, Person, Granville, Warren, Franklin, Nash, Wake,
Hyde, Pitt,
Green, Cartaret, Craven, Beaufort, Tyrrel, Washington, Martin,
Bertie,
Chowan, Pasquotank, Camden, Currituck, Gates, Hertford,
Northampton
and Halifax.

North Carolina and Virginia.—79
replies from 34 counties ;
average date May 31.
Twenty-four show the same acreage as last year; 55 show an average

increase of 13-16 of 1
per cent over

the acreage of last
favorable weather, and 11 the same weather as last year; 37 showJess
year; 38 report fair
to good
stands. 21 poor to bad, and 10 the same as last
year ; 41 show
the
crop to be ll days later than last year, 13 report it 9
days earlier,
ana ..o about the
same time as last year ; 43 report the condition of the
craP g°od, 19 fair, and 17 poor.
A'general tenor of the replies shows that labor has decreased
engntjy m mmibers, and is not so efficient as of late years. Strenuous

nfFt/l1'6

made in some sections to induoe immigration and

thus
in.
in
labor. An average of 24 replies shows an
increase of depreciation
18 per cent in fertilizers over last
year, 33 an increase, and
non 1e 8aine amount used as
last year, 9 a decrease in the amount
dry weather in the latter part of May has retarded the
m'ti or
growth
the plaut somewhat.
Chopping out is delayed by the scarcity
Clei?cy
labor. Reports of worms eome from 2 counties, and
a vlil?
nail-storm is reported
by 2 counties.
a

x

rESS*?6??1*6
an,i o*

Charleston Department
Soutfl Carolina, and is prepared and issued by the

wm Cotton Exchange, through their Committee

on

Information

composed of A. Norden, Chairman, R. D. Mure, E. Willis,
wniio
William
Fatnian and L. J. Walker.

enterprises.

of fertilizers is estimated at 15
per cent.

Florida.—25 replies from 15 counties.
The amount of land planted with cotton is about the
same as last
year. The spring was late in opening, since the
crop pitched the
weather has been favorable. The stands are
good, though two weeks
later than last year. The condition of
theplantisgoodandisDrogresslng
favorably. But little fertilizers are used in The State, fn the Sea
Island section it is estimated that there is 5 per cent more land
planted
this year. The plaut is fully two weeks
behind, but it is in good condi¬
tion and doing well.

Augusta Department
the Counties of Georgia
and is issued by the Augusta

covers

mittee

on

not included in the Savannah Report,
Cotton Exchange, through their Com¬

Information and Statistics.

Georgia .—22 replies from 13 counties.

on

an

use

There is

an average increase of about 2*2
per cent.
The weather was
very dry everywhere from about April 20 10 May 28.
Fifteen reports
state it as less favorable, five as the same, and
only two as more favor¬
able. Since May 28 rains have been general. The stands are
good
wherever the cotton came up well, which is

generally the oaee with
early plantings. Of late plantings some had to be, and some were, re¬
Of these a moderate percentage was not up yet, but can do
well with favorable weather. Only one report gives the
crop as earlier,
i wo as the same and all others as later than
last jrear. The average in¬
dicates fifteen days later than last season. The condition is
good and
healthy, though The plant is rather small, being stunted in growTh by
continued dry weather. The fields arc eleau and free of
grass and
weeds. Labor is reported to be fully as good as last year, and in some
sections as even more efficient. Niue reports give the
quautity of fertil¬
izers used as the same as last year; ten give an increase
ranging from
5 to 25 per cent; three report a decrease; the
average increase will
hardly exceed, even if it reaches, 5 per cent. Owing to continued dryplanted.

weather, which badly baked all strong clay lands, some plauters had
quite finished planting at the date of our reports, and owing to the
same cause some lands intended for cotton were never
planted. Some,
as stated, were replanting where, from lack of moisture, the seed failed
to germinate.
The rains, though general since May 28, have not been
heavy; while the crop is undoubtedly later thau last year, it is fully up
not

to average

years.

Mobile

Department

the Stale

of Alabama as far north as the summit of the Sand
Mountains, and the following Counties in vLississipp-i: Wayne, Clarfc,
Jasiier, Lauderdale, Newton, Kemper, Neshoba, Nebaboe, Winston.
Lowndes, Oktibbeha, Clay, Monroe, Chicasaw, Itawamba, Lee, Poutptoc,
Prentiss/Albnm and Tisbamiugo. The report is prepared and issued bj
the Mobile Cotton Exchange, through their Committee on Information
and Statistics, composed of T. K. Irwin, Chairman, Julius Buttner, 8.
covers

Haas, G. Thos. Cox and G. L. Hopkins.

Alabama.—74 replies, from 44 counties.*
The acreage compared with last year is reported as follows:
Twentysix of the most productive counties average a decrease of 2^ per cent.
In the 18 less productive counties there is an average increase of 5
*3 per
cent.
The weather is reported equally as to more favorable in 36 coun¬
ties and less favorable in 8. The stands are reported from fair to
good
in 37 counties; not good in 7. In 18 counties the crop is reported
from
10 to 20 days later; in 19 about the same; in 7 from 10 to 15
days
earlier. The condition is from fair to good throughout the department.
Labor is reported about the same, except in 11 productive counties, in
which it is reported as less in number and not so efficient. The use of
fertilizers has enerally increased. In some counties cut worms and de¬
fective seed ie complained of, the latter having made replanting nocossary in many cases.

Mississippi.

35 replies, from

20 counties.
The acreage is reported as follows: In 5 of the most productive coun¬
ties no change on the average; 15 of the less productive counties an
average increase of 4 per cent. The weather is reported more favorable
in 13 counties, equally as favorable in 3 and Jess favorable in 4 otwmities. The stands are reported from fair to very good in all but 2 of the
smaller counties.
In 10 counties the crop is retorted as from 10 to 15
days later; in 10 about the same. The condition is from fair to good in
13 counties, and poor and grassy in 7. Labor is reported as less in
number, but equally as efficient in most counties, aud the same as last
year

in others.

The use of fertilizers has largely increased in 8 counties

which it is used, and in the other 12 counties it is but little used.
There is some little complaint of cut worms injuring the stands.

in

New Orleans Department
that

part of the State of Mississippi not apportioned to the Mem¬
phis and Mobile Cotton Exchanges; the entire State of Louisiana, and
covers

the Slate of Arkansas south of the Arkansas River.

The report is pre¬
pared and issued by the New Orleans Cotton Exchange, through their
on
and
Committee
Information
Statistics, composed of Wm. A. Gwyn,
Chairman, Chris. Chaffe, Jr.,W. H. Howcott, W. A. Peale, Chas. Holland
and A. L. Browne.

Louisiana.—129

May 31.

replies from

42

parishes;

average

date

The above parishes report an average decrease in acreage of 7-10 of 1
cent compared with last year. The character of the w’eather is re¬

per

ported

as less favorable as compared with last year, owiDg to complaints
of too much rain. The average date of the crop is about two weeks later.
Peventy-eiglitB correspondents report tbe stands as good; 51 as bad.
The condition of the crop is good, though grassy, owing to continued
rains. Labor is as efficient as last year. No fertilizers of any conse¬

Sonth Carolina.—54
quence have been used.
replies from — counties,
fins n«irep^es 4 reP°rt a decrease of about 6 per cent each, while 38
Mississippi.—135 replies from 35 counties; average date May
vp-ThTI lncrease
to 10 Per cent, and the remainder the same as last
imnpo8 acrea?e* Weather less favorable from 27 and 14 report the 31.
Iast year; the ®ame number more favorab le. Thirty-five report
In the aggregate tbe acreage in said counties remains nomiually un¬
rpniioo^r8^00^’not 60 good and 5 worse than last year. Forty-eight changed. The weather was favorable to the crop until the latter portion
warrf8 owT6 tb© crop from 4 to 25 days later, averaging 10 days back- of the month, when there was a general complaint of too much rain,
TPJin ‘ -n0 rcplie8 make the crop 10 days earlier ana 4 tne same as last
causing some injury from grass and insects. The stands and conditions
i

bv
y / lepiies is

replies theoondition is reported good and 14 bad. Labor
reported good; 12 replies not good; 28 replies the same




are

generally good but grassy. There were some few complaints of cut¬
injuring the stands in the bottom lands. The crop averages tea

worm*

[Vol. XXXII.

THE CHRONICLE.

642

compared with last year in the week’s receipts of 3,000
of fertil¬ bales, and a decrease in shipments of 2,000 bales, and the
shipments since January 1 show a decrease of 72,000 bales.
Arkansas.—148 replies from 34 eounties; average date May The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for
the same week and years has been as follows.
31.
The increase in acreage is 31-15 per cent over that of 1880-81
The CALCUTTA, MADRAS, TUTICORIN, CARWAR. RANGOON AND KURRACHBE.
weather has been less favorable than last year. During the month of
May the stands were generally good. The crop is from seven to ten days
Shipments since January 1.
Shipments this week.
later than last year. The condition of the crop is not irood, being grassy
Conti¬
Year.
Great
and in need of work. Labor is efficient, but scarce. No commercial fer¬
Conti¬
Great
Total.
Total.
nent.
Britain.
tilizers were used. In Desha County the overflow retarded planting
nent.
Britain.

days later thaw last year.
There is a slight decrease in labor,
more efficient.
There has been a slight increase in the use
izers, chiefly by way of experiment in the upland counties.

and curtailed the acreage. Coinx>laints
universal throughout the State.

increase

but it is

of too much rain and grass are

1881

Department
covers the State of Texas, and was prepared and issued by the Galveston
Cotton Exchange', through their committee on Information and Statistics,
composed of J. D. Skinner, Chairman, H. Dreier, T. J. McCarty, J. M.
Galveston

i’.obo

3,000

7,000

9,000
1,000

4,000

13.000
1,000

1878
For the

King and Chas. Kellner.

Texas.—126 answers from 90

1880

1879.........

168,000
123,000
16.000

past few weeks we have

,-

63,0*00

23*1*000

78,000
38,000

201,000
54,000

omitted from the above table

(Calcutta, Madras, &c.,) this year’s weekly figures, as we found there
were inaccuracies in them as cabled to us.
Wo are, however, making

counties.
the acreage planted estimated

new arrangements, uuder which we hope not only to prevent errors, but
Fifteen of these replies report also to greatly improve this feature of our report.
the weather more favorable than last year; 16 report similar weather to
last year, and 95 report the weather less favorable. Niuety-two report
The above totals for this week show that the movement from
thb stands good; 5 fair, and 29 not good. The crop, as reported, will
the ports other than Bombay is
bales
than for the
average sixteen days later than last year. Fifty-two replies give the
same week last year.
For the whole of India, therefore, the total
condition of the crop as good and 74 as not good, owing to too much
rain, the crops being grassy and weedy. There is general complaint of shipments this week and since January 1,1881, and for the cor¬
the scarcity and inefficiency of labor, caused by the hands going to the
responding weeks and periods of the two previous years, are as
different railroads now in course of construction in this State. . No fer¬
follows.
tilizers are used. A few replies report the appearance of the cotton
EXPORTS TO EUROPE FROM ALL INDIA.
worm, but not in sufficient numbers to do any damage.
1879.
1880.
1881.
Comparative Port Receipts and Daily Crop Movement.—
Shipments
A comparison of the port movement by weeks is not accurate,
This
to all Europe
Since
Since
This
Since
This
week.
Jan. 1.
Jan. 1.
as the weeks in different years do not end on the same day of the
week.
Jan. 1.
from—
week.

The above replies show an increase in
at 3 per cent, as compared with last year.

other standing
that the reader may
coastantly have before him the data for seeing the exact relative
movement for the years named.
The movement each month
month. We have consequently added to our
tables a daily and monthly statement,
since

September 1 has been as follows:
Tear

Monthly
Receipts.

1880.

968,318
Noverab’r 1,006,501

333,643
888,492
942,272

Deoemb’r

956,464

Sept’mb’r

458,478

-

Ootober..

1,020,802

January
February.
.

March.

April
May

..

....

1877.

1878.

50,000
13,000

477,000
201,000

33,000

931,000

63,000

673,000

to date, at all India ports.

98,491

236,868

169,077

578,533

610,316

779,237

822,493
900,119

740,116

893,664

675,260
901,392
787,769

821,177

and

500,680

637,067

of the

566,824

479,801

303,955

472,054
340,525

449,686

261,913

192,937

284,246

158,025
110,000

167,459

197,965

100,194

84,299

96,314

68,939

300,128
163,593
92,609

96 55

93-78

This statement shows that up to

95-77

96-67

previous two years.

Alexandria, Egypt,

Receipts (cantars*)—

This week....
Since Sept. 1

ports this year were 800,537 bales more than in 1879-80 and
1,157,133 bales more than at the same time in 1878-79. By adding
to the above totals to May 31 the daily receipts since that time,
we shall be able to reach an exact comparison of the movement
for the different years.
1879.

1878.

1877.

1876.

Tot.My 31 5,549,410 4,748,873 4,392,277 4,196,104 3,903,725 4,013,875
S.
2,269
1,351
1,962
2,694
5,376
Junel....
“
S.
1,254
2,084
2,002
3,731
2....
3,905
“
S.
2,359
1,578
2,044
3,249
3....
3,351
“
8.
2,821
2,396
4,569
1,886
4....
5,842
“
2,309
S.
1,243
2,714
1,044
2,316
5....
*
8.
1,812
1,110
1,704
1,557
6....
4,790
«
833
1,247
2,409
1,925
5,049
7....
6,129
44
S.
1,401
1,531
2,691
1,312
8....
3,306
“
8.
1,186
2,913
1,528
1,748
4.381
9....
44
8.
954
2,686
1,209
10....
2,013
4,984

To

Liverpool

To

Gontinftnt

Total Europe
*

2^500

3.000

3,203,500

1,587,000

A. cantar is 98

This
week.

Since

Sept. 1.

This
week.

Since

Sept. 1.

Since

Sept. 1.

1,250 234,000
139,632

1,500 287,500
171,994

168.000

1,250 373,632

1,500 459,494

244,500

76,500

lbs.

This statement shows that the
Jane 9 were 1,500 cantars and
were 1,250 bales.
Manchester Market.—Our

receipts for the week ending

the shipments to all Europe

report received from Manchester

to-night states that prices for twists have slightly improved, but
shirtings are unchanged and that the market is firm. We
give the prices of to-day below, and leave previous weeks’ prices
for comparison:
that

18S0.

1881.

Apr. 8
“

“

15
22
29

May
6
44

13
44
20
“
27
June 3
“
10

d.
9
9

d.

Shirtings.
s.

6
6
6
6
6
6
6
9** 6
9*s 6
9\ 6

97p
97s
93r
9*3
9*3
9*3
9*3

'Q
®

8W

8»8®
85s®

85s®
858®
850®

CotV n
Mid.

8*4 lbs.

32# Cop.
Twist.

“

5,594,474 4,778,098 4,404,345 4,212,571 3,917,236 4,029,297
Percentage of total
9701
99 03
96 93
9614
95-53
pert reo'pte J’ne 10
Total

1.500

2,757,500
This
week.

Exports (bales)—

1379.

1880.

1881.

June 9.

.

May 31 the receipts at the

corresponding week

shipments for the past week and for the

Total year 5,549,410 4,748,873 4,392,277 4,196,104 3,903,725 4,013,875

1880.

231,000

689,264

618,727

1881.

700,000

7,000

288,848

647,140
447,918

94-94

628,000

26.000

Alexandria Receipts and Shipments.—Through arrangements '
we have made with Messrs. Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movements
of cotton at Alexandria, Egypt. The following are the receipts

571,701
572,728
476,582

Pero’tage of tot. port
receipts May 31...

24,000

Total

years up

1875.

1876.

689,610

190,054

628,000

ALL other p’rts.

This last statement affords a very interesting comparison of the
total movement for the week ending June 9, and for the three

Beginning September 1.

1879.

24,000

Bombay

.

d.
s.
®8
9
9 ®8

d
0
0

5**®7
5*3®7
5*3®7
5*s®7
5*3®7
5*3®7

8*3
8*3
8*3
8*3
8*3
8«3
8*3
8*3

Tip ds

32# Cop.
1 wist.

8*4 lbs.

CotVn
Mid.

Shirtings.

Uplds

s.
d.
d.
s.
d.
-31113 7 4*338 3
7 1*338 0
6
10*3 311
51516 10% -aio^ 7 0 @8 0
5i&i« 10*« 3103* 6 10*337 10*3
9* -310*3 6 9 37 9
57e
9*3 310*4 6 •7*337 7*2
534
9*3 310*4 6 9 37 9
578
5*518 9*3 310*4 6 7*337 7*3
9*3 310*4 6 7*337 7*3
61ia
9*3 310*4 6 7*337 7*3
63ic

d.

6*16

d.
11

d.

7*4
7

61510
613ie
678

6**16
6*3,6
6**16

This statement shows that the receipts since Sept. 1 up to
5*337
to-night are now 816,376 bales more than they were to the same
6*aie
5*337
878®
day of the month in 1880 and 1,190,129 bales more than they were
to the same day of the month in 1879. We add to the table
The Following are the Receipts of Cotton at New York,
the percentages of total port receipts which had been received to
Boston, Philadelphia and Baltimore for the past week, and
June 10 in each of the years named
since September 1.1880:
India Cotton Movement from all Ports.—The figures which
Baltimore.
Boston.
Philadelphia.
New York.
are now collected for us, and forwarded by cable each Friday, of
Receipts
Since
This
This
Since
This
Since
SinceThis
from—
the shipments from Calcutta, Madras, Tuticorin, Carwar, &e.,
week. Sept. 1. week. Sept. 1. week. Sept.l. week. Sept. 1.
enable

us,

previously-received report from
full and complete India
We first give the Bombay statement

in connection with

our

Bombay, to furnish our readers with a

movement for each week. ^
for the week and year, bringing

the figures down to June 9.

BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR

Shipments this week.
Year

Great
BriVn.

Conti¬
nent

Total.

Shipments since Jan. 1.
Great
Britain

1881 10,000 14,000 24,000 217,000
1880 8,000 18,000 26,000 299.000
1879 25,000 25,000 50,000 211,00')
1878 20,000 18,000 38,000 280,000

Conti¬
nent.

411,000
101.000
266,000
352,000

Total.

628,000
700,000
477,000
632,000

YEARS.

Receipts.
This
Week.

46,000
43.009

27,000
32,000

Since
Jan. 1.

932,000
944,000

685,000
761,000

According to the foregoing, Bombay appears to show an




N. Orl’ans
Texas

3,291 159,874

Savannah
Mobile...
Florida..
S.CarTina
N.CaFlina

2,618 230,982

Virginia..

1,021

—

516 101,706

1,634
756

North, pts
Tenn., &o.

3,351

Foreign..

102

4,847
143,693
41,497
220,410
4,879
166,805
4,089

467

7,220
3,391
26,652
8,205
2,402

3,213
423

23,459

......

*'504

62,865
3,026 160,384
276 117,381

3,276 57,632

129

1

1*140 58,359
200
38

21,327

1,052

93,616

19,376
132

2*759 41,315

This year. 13,289

*

4,273 388,629

3,699 84,305

5,189 234,125

Last year. 12,569

1.

3,510 406,776

402 84.452

1,429 177.616

*1,078,782.

j 1,029,842

3

June

News.—The exports of cotton from the United
States the past week, as per latest mail returns, hare reached
71,679 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the Chronicle last Friday. With regard to New York, we
include the manifests of ail vessels cleared up to Wednesday
week:

Firm.

Steady.

Steady.

63i8
631S

63ia

12,000
2,000

Futures.

Barely

Market, 1
5 p. m.

steady.

6*4

Monday,

>

Tuesday,

>

10,000
1,000

10,000
1,000

Barely

Dull
and
easier.

steady.

1

The actual sales of futures at Liverpool for the
below. These sales are on the basis of Uplands,
unless otherwise stated.
Saturday, )

week are given
Low Middling clause,

same

Holidays.

Wednesday.

6*8®316

Nov.-Dee

6*4®516
6i is

July-Aug

578®2932

Aug.-Sept
8ept.-Oct

June-July

6*4
6?32

Aug.-Sept
Sept.-Oct

July-Aug

6*4

June-July
July-Aug

6?32® *4
-

June

d.

Delivery.
Aug.-Sept
Sept.-Oct

6»32
6*82)332

Oot.-Nov

52»32

6732

Nov.-Deo

578

6932
633a

June

6310

July-Aug

6732

6516
6*8

Nov.-Dee.
June

52933
6732

5i616

Thursday.

6732
63i«

June

I

6k

63t6@732 July-Aug
Oot.-Nov

Sept.-Oct

1,547
3,550
2,756
1,211

d.

Delivery.

d.

Delivery.
June-July
July-Aug
Aug.-Sept

1,238

Up¬

Friday.

63is

Speo.A exp.

8,103

628

Thursd’y.

6*8

Sales

300
299
500
Selier, 200
950
To Hamburg, per steamer Cimbria, 50
50
To Antwerp, per steamer Belgenland, 51
51
To Barcelona, per steamer Viile de Marseilles, 1,000
1,000
NEW Orleans—To Liverpool, per steamers Catalan, 2,700
Nasmyth, 4,488
Yurac Bat, 4,600
11,798
To Havre, per ship Swallow, 3,902
3,902
To Malaga, per bark C. P. Dixon, 1,727
1,727
To Lisbon, per brig Amilcare, 297
297
To Genoa, per ship Dora, 4,162
4,162
To Vera Cruz, per steamer Whitney, 581.:
581
2,007
Mobile—To Havre, per bark John Shepard, 2,007
Charleston—To Liverpool, per bark Monark, 2,680 Upland and
239 Sea Island
1
2,919
To Cork, for orders, per bark Fremtiden, 1,300 Upland
1,300
brigs Ana, 610 Upland—Gratitude,
^
Upland
Savannah—To Liverpool, per bark Sarah E. Douglass, 1,482
land and 65 Sea Island
To Bremen, per bark H. L. Routh. 3,550 Upland
To Reval, per bark Herlof Herlofsen, 2,756 Upland
To Barcelona, per bark Antoineta, 1,211 Upland
Texas—To Liverpool, per ship Ida, 4,601
To Havre, per brig Miletus, 900
.
To Bremen, per bark Guttenberg, 2,356
To Reval, per bark Ross, 1,360

$

Wednes.

Market.
5 P.

York—To Liverpool, per

To Barcelona, per

{

Mid. UpPds
Mid. Orl’ns

Total baits.

steamers Egypt, 55—Gallia,
51
Germanic, 320
Republic, 525
St. Columbia,
per ship Arnyone, 3,671
2,981
Wyoming, 500
To Hull, per steamer Romano, 300
To Glasgow, per steamer State of Alabama, 299
To Havre, per steamer St. Laurent, 500
..
To Bremen, per steamers Gen’l Werder, 35.:...Ohio, 400

New

Market,
12:30P.M

Tuesday.

Saturday Monday.

Spot

Shipping*

night
of this
^

643

CHRONICLE.

THE

11, 1881.]

.....

Friday.

Oct.-Nov.....

51516

BREADSTUFF S.
4,601
Friday, P. M., June 10, 1881.
900
2,356
The depression in low grades of flour, through an increase in
;... 1,360
, 3,770
Norfolk—To Liverpool, per
3,770 supplies and a falling off in the demand, which was noticed in
Baltimore—To Liverpool, per steamers Carribean, 1,183
Caspian, 1,389
4,447 our last, has continued throughout the week under review,
Rossmore, 1,875
To Bremen, per steamers Krouprinz, F. W., 360—Strassburg, 1,131
1,491 while the medium and better grades, though less active, have
Boston—To Liverpool, *per steamers Atlas, 1,258—Istrian, 654
Massachusetts, 104
2,016 ruled comparatively firm. The changes in prices of low grades
Philadelphia—To Liverpool, per steausr Illinois, 500
500 has not been very marked, but the tendency has been in favor
Total.
71,679 of buyers. Rye flour has also shown a downward tendency.
To-day the market was quiet, the storm checking trade; but
The particulars of these shipnraats, arranged in our usual
prices ruled quite firm.
The wheat market has been variable and unsettled, and yet
Bremen
Barcelona.
Malaaa
and
fluctuations in vajues have not been wide. Complaints of
Vera
Ham¬
Liver¬
Total.
Crus.
Reval.
Genoa.
Lisbon.
Havre.
burg.
pool.
11,253 drought in winter wheat sections have been followed by reports
1,000
500 1,000
New York..
8,103
of excessive rains. The upper Ohio and its tributaries have
581 22,457
2,024
4,162
3,902
N. Orleans. 11,768
2,007 been visited this week by violent storms, which are believed to
2,007
Mobile
5,457
1,238
have done much injury to wheat nearly ready for harvesting.
Charleston.
2,919
9,064
3,550 2,756 1,211
Savannah..
1,547
9,217 To-day the market improved on these accounts, and No. 2 red
900 2,356 1,360
Texas
4,601
3,770 winter sold at $1@$1 25/6 for July; No. 2 Chicago spring on the
Norfolk
3,770
5,038 spot sold
1,491
Baltimore..
4,447
at $1 19/6@$1 20.
2.016
Indian com has been steadier, but the improvement is not
Boston
2,016
500
500
Pliiladelp’a
important. There have been no very active influences at work
581
71,679 to promote an advance ; yet there is a better feeling, and
Total... 39,691 7.309 8,397 4,116 5.473 4,162
The demand for
Included in the above totals are from New York to Hull, 300 bales; to to-day No. 2 mixed sold at 56c. for July.
Glasgow, 299 bales; to Antwerp, 51 bales; and from Charleston to Cork, white corn has materially fallen off, and it no longer brings the
for orders, 1,300 bales.
extreme prices of last week. Yellow corn is scarce and nominal.
There has been nothing in the weather of the past week to
Below we give all news received to date of disasters to vessels
materially affect the yield of the next crop, except that
carrying cotton from United States ports, etc.:
needed rains have fallen on the Atlantic coast.
Azov, bark (Nor ), Teunesen, from New Orleans for Riga, grounded May
Rye has been quiet, and prices are nominally without
13. on Anliolt Reef, Denmark, and was assisted off. In the roads
important
variation. Barley is entirely nominal, and the
at Elsinore, May 19, she was examined by divers, and was found
strikes in the breweries limit business in barley malt.
to have sustained no damage.
Oats have advanced, but to-day were quiet; No 2 graded on
Cotton freights the past week have been as follows:
the spot were quoted at 48^6c. for white and 47%c. for mixed
Fri.
Wednes. Thurs.
Tues.
and No. 2 mixed were quoted at 46c. for July.
Mon.
Satur.
•

,

ana

......

......

m

m

m

m

m

m

... ...

,

-

.

The following are

1332®7i6
Liverpool, steam d. 1164 ® *4 1*64®*4 Hc4® *4 1332®716 1332®716
Do
sail...d. 532®732 *>32®732 532®732
Lj*
1332~716* 1332-716* 1332~716*
V
c.
Havre, steam
Do

sail

Bremen, steam,
Do

71«® *2

.c.

sail

c.

....

....

sail...<f.

....

sail...d.

Baltic, steam
Do
*

d.

sail

c.

....

.

.

.

.

....

...

.

.

.

.

.

.

No. 2
Winter

..

38® *2

....

....

*2

*2

....

....

"

38® *2
....

12

City shipping

Rye flour,

we

statement of the week’s sales, stocks, &c, , at that

superfine.. 5 50® 5 90

bales.

68,000

Of which exporters took ....
Of which speculators took..
Sales American....

5,500
5,600

Sales of the week

Actual export

Forwarded....

Total stock—Estimated
Of which American—Estim’d
lotal

import of the week

Of which American
Amount afloat
Of which American
...

May 27.

Brandywine, <fec....

63,000
4,700
3,900
50,000

53.000

9,000
10,000
983,000
755,000
85,000
68,000
224,000
118.000

5,300

17.500
930,000
707,000
26.500

14.500
239,000
119,000

The tone of the Liverpool market for spots
week

been

59,000
3,000
6,200
48,000
14,000
8,200
902,000
691,000
43.500
37.500
257,000
145,000

as

follows:




June 10.

28.500

Receipts of flour and grain at Western
ending June 4, 1881:

■

A.t—

6,800
5,500
904,000
684,000

Chicago ....
Milwaukee..

47,000

Cleveland...
8t. Louis....

25.500
261,000
149.000

ootton, have

York Produce Exchanqe

for the week

37.500
1,700
2,100

and futures each day of the

ending June 10, and the daily closing prices of spot

White

1

12
18
15

®1 24

®1 20
31

® l

1 25*43)1 26

16 ®1 26
47 ® 57
55 ®
56\
59
57
®
60 ®
60 ® 62
62
®
65
06 ®1 11
46 ® 48
47 ® 53
....®....

Peas—Can’da.b.&f.

port:

June 3.

Western white ...
South. yell’w,new
South, white,new

3 00® 3 20 Barley—Canada W.
State, 4-rowed...
3 35® 3 40
State, 2-rowed...

(From the “ New

May 20.

yellow..

Western

5 35® 5 85 Rye
Oats—Mixed

Corn meal—
Western, &c

have the following

Red winter
Red winter, No. 2
White.
Com—West, mixed.
West. No. 2, new.

extras.

00

$1
1

Spring

Spring, No. 2

6 00® 6 25

South'n ship’g

Compressed.

Grain.

Wheat-

extras.

bakers’ and
family brands
6 25® 7

Southern,

....

516
516
B16
5ie
516 ’
516
932®)1®04
932®1964
932®1964
932®1964
932®1964
932®19e4

Liverpool.—By cable from Liverpool,

superfine

Wis. & Minn. rye.mix.
Winter shipp’g extras.
do XX andXXX...
Patents

mmm

3 50
4 25® 4 50
4 00® 4 30
4 60® 5 00
5 25® 6 50
5 50® 5 75
4 75® 5 15
5 25® 6 75
6 50® 8 00

# bbl. $3 00®

Spring superfine
Spring wheat extras..
do XX and XXX...

38® *2
m

38® *2

*2

hi

Amst’d’m, steam, c.
Do

*2
.

.

.

....

.

38® *2

38® *2

.

....

....

....

716'2)12

*2

*2

Hamburg, steam, d.
Do

12

*2

*fl

c.

.

....

....

closing quotations:

Flour.

Toledo
Detroit

Flour,

Wheat,

bbls.
(196 lbs.)

(60 lbs.)

...

...

47,978
85,697
864

...

...

...

Peoria

5,432

2,169
27,453
640

bush.

Weekly.”)

lake and river ports

Com,

Oats,

Barley,

bush.

bush.

bush.

&

(32 lbs.) (48 lbs.) (56 lbs.}
23,756
402.784 2,260,290 1,476,754 18.383
122.450 25,032 12,154
49,950
493,120
(56 lbs.)

33,522
35,397
56,050

352,607

461,956
16,971
29,925
752,765

193.289

22,950

397,775

263,500

379,168
133,024
24,851

655

12,500
18.063
7,500

3,918
4.175

Duluth
Total
Same time '80.

170,233 1,808.504

124.995 1,764,851

3,969,632 2,180,992 82,133 44,003
5,124.045 1,174,650 47.181 57,446

644
Total

THE CHRONICLE

receipts at

same

ports from Dec 27 to Jane 4, inclu¬

[Vol. XXX.Il.

result of which there

was an increased business in
wool flan¬
nels, hosiery, shirts and drawers, Kentucky jeans and other
1881.
1880.
1879.
1878.
heavy fabrics ; bat dress goods, light prints, lawns and other
Flour
bbls.
3,779,290
2,484,191
2,834,456
2,575,504
spring
and summer goods were mostly quiet in first hands, as
Wheat
buah.
18,148,728
20,610,541
25,765.471
26 606.111
usual
at
this stage of the season. The
Corn
40.945,577
62,949,487
38,429,103
39,658,889
jobbing trade was of
Oats
17,265.449
12,601,461
11.957, 774
10,966,340 fair average proportions, the order demand
having been better
Barley.....
3,664,403
2,374,425
2,250,332
2,710,437
Bye
758,825
1,009,921
1,369,167
1,761,820 than at the corresponding time of last year.
Domestic Cotton Goods.—The exports of domestics from
Total grain
80,782,962
99,545,835
79.771,847
8 L,703,597
this
Comparative receipts (crop movement) at same ports from port during the week ending June 7 aggregated 2,462 packages,
of which 1,880 were shipped to China, 315 to United States
of
August 1 to June 4, inclusive for four years:
Colombia,
130
to
Great
1880-81
1879-80.
Britain,
and
the
remainder
in
1878-79.
1877-78*
relatively
Flour
bbls.
7,453,420
5,703,912
5,579,012
5,347.898 small parcels to other markets.
There was a strong and fairlyWheat
bush. 71,345,571
78,906,544
81.864,237
70,091,352 active market for most kinds of plain and colored cottons, but
Corn
101,732,485 103,610,017
78,499,498
74,748.505 stocks in first hands are so
Oats
38,794,954
uniformly light that business was
26,024,716
27,917.586
23,377,897
11,552.225
Barley
10,237,169
9,292,078
9,189,297
largely
restricted
to
recording
orders for goods to be made.
Bye.
3,210,631
3,832,607
4,325,510
3,738,637
Cotton flannels were in exceptionally good demand, and
Total grain.... 226.635.866 222,641,053 201,898.909 181,145,688
although the usual season for their distribution has not yet
Comparative shipments of flour and grain from the same arrived, many leading makes are already under the control of
ports from Dec. 27 to June 4, inclusive, for four years:
orders. Print cloths were quieter than of late, but
prices, were
1881.
1880.
1879.
1878.
steadily
maintained
at
4c.
for
64x64s
and
3
9-16c.
for 56x60s.
Flour
bbls.
3,653,157
2,276,398
2,961,747
2,562.393
Prints, lawns and piques were dull in agents’ hands, but fair
Wheat
bush. 19.481,431
19,179,559
22,875,870
23,915.245 sales were
Com
reported by jobbers, and ginghams were in steady
33,119,471
45.617,310
31,393,470
33,167,300
Oats
12,723,986
9,662,798
8,714,781
6,733.986 request by package buyers and retailers.
Barley
1,932.661
1,523,153
1,922,026

sive, for four years :

....

988,235

850,423

1,205,091

1,490.339
1,420,550

68,245,784

76,833,243

66,111,238

66,727,420

Bye

Totalgrain

Rail

....

Domestic Woolen Goods.—The main feature of the woolen
goods market was a brisk demand for wool flannels, in which

a satisfactory business was done
by manufacturers’ agents at
prices somewhat below last year’s quotations. There was only
a moderate inquiry
for fancy cassimeres and worsted coatings,
but agents continued to make liberal deliveries of these fabries in
execution of former orders. Overcoatings were in
light demand,
but leading makes are well sold up, and prices remain
steady.
Cloakings have received a fair share of attention, but the de¬
mand was irregular. Kentucky jeans were in better
request
(with most relative activity in low and medium grades), and
there were moderate dealings in satinets. Worsted dress
goods
ruled quiet, and there was little inquiry for shawls or skirts;
but shirts and drawers, fancy hosiery and knit woolens, were
more freely taken by local and interior
jobbers.
Foreign Dry Goods have been quiet with importers—as usual

shipments from Western lake and river ports for the

weeks ended:
1881.
Yieek
June 4.

Flour

bbls.

Wheat
Corn
Oats

bush.

Rail and lake
Week

153,925
668,043
804,197
22,400
35,640

oois.

Wheat,

Corn,

bush.

bush,.

4...156,193

1,145,781

May 23...202,469
May 21.:. 174,690

June

1,634,205

94,012

65,357

447,601

122,130
722,202
293,121

1,828,585
672,274
29.267
30,434

3,003,164

14,687

17,371
1,169,514

shipments from same ports for last four weeks:

Flour,

ending—

Week
June 8.

146,183

1,538,657

.

1878.

Week
June 7.

85,198

638,433
23,545
19,007

Total

1879.

Week
June 5.

85,925
711,489

Barley
Bye....r

1880.

Oats,
bush.
910,563

Barley,

bush.

2,140,865
2,812,814

23,545
43,717
53,802

May 14... 90,181

2,006,625

1,668,638

27,384

Tot., 4 wk8.623.533

8,106.085
9.623.737 3,310,447
7,525,882 12,507,176 3,300,367

4 w'ks'80..503.465

374,964

Rye,

bush.

2,837.824
2,747,331 1,076,312
943.608
2.374,944

19,007
38.911
38.107
21,733

between seasons—but

ports, and in transit by rail and water, June 4, 1881,

was as

fair distribution of assorted fabrics

by jobbers, and prices of the most staple goods
erally steady.

148,448 117,758
175.489 165,671

The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at Lake and seaboard

a

made

was

are gen¬

Importations of Dry Goods,

The

importations of dry goods at this port for the week
ending June 9, 1881 and since January 1, and the same facts
for the corresponding periods of 1880, are as follows:
.

follows:

In store at—

Few York
Do. afloat (est.)

Wheat,

Corn,

bush.

bush.

bush.

575,725
520,000

428,999

1,434,783
472,000

Albany

5,000

Buffalo

Chicago
Milwaukee

314,233
3,971,332
2,149,003

Duluth
Toledo

1,004,000
509,917

Detroit

277,312

Oswego

35,000
245,196

St. Louis
Boston
Toronto
Montreal

62,215
164,846
87,168
442,381

Philadelphia
Peoria

30,008

205,900

Indianapolis
Kansas City

73,818

47,619
5,000
12,048
50,000

19,195

734,593
85,679

147,395

14,981
373,005
140,284
326,362

Canal

2,414,295

262,003

834,089

728,022

1,791,351
1,226,838

Tot. June 4, '81 16,238,025 10,501,456

THE

DRY

9,822,828
11,233,009
11,047,188
11,879,961

bush.

82,132
32,000

31,000
1.950

51,866

23,436

138,567

14,409
-

a

very




Total Ent'd

Flax Bilk Cot n Wool

Bilk
Total Flax Cot n

Bilk
Total Flax Cot n Wool

Wol.: Manufctres Miscelanou Manufctres
M
i
s
c
e
l
a
n
o
u
M
a
n
u
f
c
t
r
e
s
M
i
s
c
e
l
a
n
o
u
port. forcusmpt*
market. onsumpt.
at

the

Total

f

on

or

of—

of—

23,242

2,796

16,549
65,816
90,000
245,062

23,857

24,000
5,020

m

5,358] 3,474 1,8 4

598
300

41,598
••••••

r

1,693 | 1,493 546.0

......

11,421

38,700

•

11,145

«

...

635
..

1

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ENTRD 1,4.93 261,980
FOR

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653,133
272,130

8,CO9, >53
4,5?e,330

23,545

361.058
513,092

3,721,218
737,502
3,154,761
856,326
3,190,602 1,091,775
16,407,750 2,944,805 436,558

GOODS

265,971] 176,850 89,12

19,007

257,506
327,327
267,*557
222,909
400,353

301,486

TRADE.

CM

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WAREHOUS

176,850 93.7 9

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316

dry goods has been irregular the past week,
satisfactory business—for the time of year—was re¬
ported in some departments of the trade. There was a liberal
movement in staple cotton goods on account of back orders, and
clothing woolens were distributed in like manner to an import¬
ant aggregate amount. Agents representing leading makes of
cotton goods also booked a good many orders for the most
staple fabrics, for future delivery, but the current demand for
clothing woolens was not very brisk. There was a freer demand
for some descriptions of goods adapted to the fall trade, as the
but

*

■

Friday, P. M., June 10, 1881.

The demand for

Total Ent'd

Rye,

bush.

29,466
37,000
8,000
13,615

32,000

88.900
69,407
335,884

Barley,

...

78,657

271,576

May 21, '81
May 14. '81
May 7. ’81.,
June 5, '80

36,637

649,972

1,020,017

14,909,921
16,561,830
16,277,622
17,656,198
19,580,257

300,000

6,000
21,500
283,381
405,053
2,330,338 2,356,340

Baltimore
Down Mississippi.
On rail
On lake

May 28,’81

Oats,

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59,187 47,193685 1,94.07 1,07928 3,142698 2,4 18 1,362 3,51628 DURING 47,103685 9,3076 1,0851 .960,18 2,71082 1,5629 2,5069 THROWN 4, 172 ,85429 13,9248 12,07986 ,902 6
AND

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79, 84 15 ,91 397, 09 29 ,346 219, 83 Value. 180. Endig I

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1,59370 1,324.81 268,93
147,320 97,503

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