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.
roniae
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRLVL AND COMMERCIAL INTERESTS OP
THE XmiTED STATEa
VOL.
NEW
40.
YORK, JUNE
^inatxjcial.
13, 1885.
NO.
^inatjjcial.
M^iimttcial.
AMERICAN
International
DIAMONDS.
Bank Note Company,
NEW CHURCH ST.,
Place,
NE'W YOIUC.
68
Trinity
Bnsinesa Foanded 17!>5.
laeorpormted under Law. of SUte of N«w York, 1S58.
Alfred H. Smith
Foreign Governments.
nUAFTS, CBECKS, BILLS OE EXCIIANeE,
STAMPS, JL'c In the llnrst uiid muat artistic •trie
FKOX STEEL PLATES,
SAFETY COLORS.
Work
SAFETY PAPERS.
Fireproof Bulldlnj^ti.
IITHOORAPHIC AND TYPS PRINTING.
Exot^iited In
RAILWAY TICKETS OP IMPKOVED STYLES.
Show Cards, Labels, Calendar*).
BLANK BOOKS OF EVERY DESCRIPTION.
ALBERT G. GOODALL, President.
VICE-PRESIDENTS
A. D. SHEPARD.
W. M. SMILLIE,
TOURO ROBERTSON.
H. STAYNER, Treas.
THEO. H. FREELAND, Secty.
:
J.
a.
MACDONOUGH,
AaA. P. PorrKK,
Pre«'t.
J.
W. Work, Cashier.
Deposits received subject to check at sight, and
Interest allowed on daily balances.
Stocks, Bonds, Ac. bought and sold on commission
in Philadelphia and other cities
Particular attention given to information regarding
Private wire to
AeooiiDts of Banks and Bankers solicited.
Oollectlona made npon favorable terms.
Ooremment Bonds bonsht and sold.
a. Ttsk.
Member N.
W.
K. D. VTSg,
T. Stock Exchange.
Vyse & Son,
BANKERS AND BROKERS,
66 Broadway
A 7 Exchange
Court, N. Y.
Branch OIBce at the Everett House, Union gqnare
and 17th
Street.
&
A. Kohn
J.
Co.,
BANKERS AND BROKERS,
19 Broad St.,N. T., mils Bulldins,
Transact a Ueneral Banking Business.
Foreign Exchange, Bonds, Stocks and Miscellaneous Securities bought and sold on commission.
JUUC8 A. KOHjr, DAVIB 0CH8. MORITZ OCHS,
Memb. N.T. Stock Exch.
Memb.N.Y. Stock Hi
Taintor
&
No. 2
Holt,
W^ALL STREET,
TRANSACT
DEPOSITS
a
Tran.act a General Banklnc Bnalneaa
Legal Depositorr for t;«rp"ratlons. Administrators
Executors. 'I'rustees, Unardiaas. and Cauls of Ijiw
INTEUK-iT ALI.OWKD ON DKPOS118, subject
to check, or parable at specllied dates.
Trusti-cs under Mortgages of Railroa4 and other
Oorporations, and Klacal AganUfortba pajmmt of
Bonds, Loupons. Dividends, Ac.
TRUST BEPARTM^KST,
SECDBED BY SPrXl.\L
DIRECTORS.
WILLIAM ri.AFLlN,
CII
UAIN,
CHAHLKS .MARSH.
JOII
WAIT,
WILLIAM A. HASKELL, PA
l.l.lNrt,
.lOH.N <:, PAKiB,
>i.
I,.,
JOII..
H.-.M,
WU.HAM T. PAKKKK, THO.HA,S F. TEMI'LB,
WaRRE.N B. POTTER.
JOHN n. GRAHAM, Prea>t.
I.. JEWETT, See'y.
HENRY
St.,
New York
NEW YORK.
INTEREST
business.
allowed on
OaALSiU IS
Kaiiroad
sell
GOVERNMBNT, MUNICIPAL
&
JKiscelianeons Secaiiti*)s.
Southern Securities a Specialty.
and
Simons
RAILROAD Securities.
TAlNTOB.
Q. B.
QKO. H. HOLT.
&
No.
&,
WESTON,
ASD BROKERS,
EXCHANGE
a
COI7BT,
New Tork.
flaniT
C.
Co.,
IN
NEW IfORK.
AUi KINDS OF
RormnjRW BROTTRrnBH
Hamilton
«
3 EzcbanceConrt4c52 Broadira7,N.l'.
BiraaLT
JAS. D. SuioBrs,
N. Y. dtook Bzehance.
N. Y. Prodnoa Bzobanc*.
&
HANKEH^ A\n
Bishop,
NKW YORK.
A
strictly C<^mnils»lon
Interest allowed on balances.
Business tu the purchtise and sale of stocks and lionds.
PriTato Telearaph Wire to Albany. Truy. •^yracuaoi
Cleveland and dilcaxo.
Cltr Bank of London tn unmunts to suit
Speotal attention fsXYen to Secinitlos for investment*
Draw on
TnrKBU. Member N. T. Btook Sxeh.
STOCK BROKER.
Lansdale Boardman,
NB\F TORK, 80 BROADWAY A 5 NEW ST.
N. Y., No. 17 FIRST STREET.
BtMk Jboh'ie membenUp; ^Tate wire; all faoUIUea
J.
p.
Co.,
BANKERS,
CEDAR STREET.
No. 63
Banklnc
and SeU Govammant Bonds aad Inv
BltOK'-'llS.
PINE 8THBBT,
Uttcji. Buffnlo,
&
Gilman, Son
In addlUoa- to a Oenaral
(Members Now York Stuck KxclmnKe.)
Accounts of BankA. Bankers and others received.
Rochester,
Cnir.
Member
Member
RmcntiiTT.
RmsaKLAxa wsston.
TBOT,
Chew,
fltoeks. Bonds and U. 8. Oovemment 8««arltles
Bought and Sold on Commlaaloo.
O. D. L'UUUilllB.
Simon Borg
&
STOCK BROKERS,
Private telegraph wires to Providence and Boston,
No. 85
TINKER
BAlfK£S8
,
DNITED BANK BUILDING,
Railroad and Inrestment Secnritles.
New
& Co
R. A. Lancaster
No. 17 NASSAi; ST.,
Stewart Brown's Sons,
stock brokers,
FUND
balances.
DSALBR8
04 Broadway & 19
TKL'SF Cl,\HA\TLK
for the acceptance of trusts created bj Will or otherwise, and the care and management of property and
estates.
Every facility offered In ail matters of a flnaoelai
character.
BROADWAY AND WALL STRSKT, MBW YORK
GENERAL BANKING
received and
$500,000
BANKERS AND BROKERS,
BANKERS,
Buy and
Tbomar
Investment S*»curitte8.
New Vork,Baltimoreand other places
....
^l '!!* provisions of the charter, stockholder* are
liable for an addttiunai amount equal to cafrttai stock.
„
PBILADELPHIA.
BOSTON.
«400,000
40»,000
Co.,
bankers,
Cor. Third and Cbestnat SU.,
S. "Vr.
Maverick National Bank,
CAPITAL,
SURPLUS,
&
H. Taylor
L.
WHll SPFOIAI, 8.1FK«IAR1)S lo PHFVEST COr}nT:RrEITna.
Hpeflal pa|>«*rs maaufartitn^ ex f luftlvpljr for
use of the (^mpanj'.
CASH CAPITAL,
and Philadelphia Stock Exchanges.
Y.
(INCORPOnATKD IM7».)
4S niII.K ST., BOSTON.
Co.,
182 Broadway, Cor. John Street
Members N.
ENGRAVING AND PRINTING,
RANK NOTES, SHARE CEMTIPICATES, BONDS
POK eoVEKXME-NTS AXU COUPOKATION8,
&
Trust Company,
IMPORTERS,
KcoricaiiLEcd 1879.
Engravers and Printers of
BONDS, POSTAGE & REVENUE STAMPS,
LEGAL TENDER AND NATIONAL BANK
NOTES of the UNITED STATES; and for
1,042.
WlNTBINGHAn,
S6 Fine Street, New
TELEPHONE CALL. «32 JOHN.
Atlantic Mutual
Torlc.
16
18 Broad StrceUNew York.
A(Next
door to the Stoak kukaam.)
Members of the K.
Y.
Stookaad
TO*Ma SuhWa.
*^
tyst al.
DeposlU r«»l»e<l, sobje* to «>»
Inwedthereon. Stu<iks,bonda.(rala.proTtalaMaB.
Dotroleum boufbt and lold on eosBmlaalaa for mtm
or on mamln. Dlreot tatainpkM mmmimlmttmm
with the cElosiio Board of Trade.
W. H. Goadby &
Co.,
bankers and bbokebs.
Scrip.
Qm. Inaurauoe and Bank Stocks,
Thompson & Richard,
bankers;
Ac
No. 34
BROAD 9TRBBT,
New York,
;
THE CHRONICLE
rVoL. XL.
'govtiQU '^xcUvin&t,
Morgan
Drexel,
&
No8. 19
OOBNER OF BROAD, NEW YORK.
&
Drexel
N0.S4 Sonth Third Street, 31 BonleTard HansBmaim,
PHIIiADEIiPHIA
PARIS.
BO^ESTIO AND FOREION BANKERS.
Deposits received subject to Draft.
Securities
bonffbt and sold on conuuission. Interest allowed on
Deposits. Foreign Exchange. Commercial Credits.
Oaljle Transfers.
Circular Letters for Travelers,
ATallable in all parts of the world.
AttokSsts and agents o»
raesars. J. S. nORGAN Sc CO.,
OLD BROAD STREET, LONDON.
Ho. 22
Brown
Brothers
&
Co.,
No. 69 TTAIil. STREET, N. ¥.,
BUT AND SELL
OF EXCHANGE
BlliliS
ON GREAT BRITAIN AND IRELAND, FRANCBaHBMANY, BELGIUM, SWITZERLAND, NORWAY, DENMARK, SWEDEN AND HOLLAND.
Issue Commercial & Travelers' Credits
IN STERLINO,
ATAILABLB IN ANT PART OF THE WORLD.
And in
OF MONIiY
BETWEEN THIS AND OTHER COVNTBIES.
ARE COLLECTIONS OF DRAFTS drawn
abroad on all points in the United States and
Canada, and of Drafts drawn in the
United States on Foreign Countries.
&
33
Stuart
Co.,
J.
NASSAU STREET.
EXCHANGE ON
SniTH, PAYNE & SraiTH'S,
BANKERS, LONDON;
MANCHESTER & COUNTY BANK,
BILLS OF
"LIMITED J"
MANCHESTER, PAYABLE IN LONDON
i;i.STEB
&
lort o\in.
& W. Seligman & Co.,
J.
BANKERS,
BROAD STREET,
No. 33
Ne«r York.
Issue Letters of Credit for Trarelers,
On SELIGMAN BROTHERS, London,
SELIGMAN FRERE8 & CIE., Paris,
SELIGMAN & STETTHEIMER, Frankfurt,
ALSBBK6 GOLDBERG. Amsterdam,
ALTMAN & STETTHEIMER. Berlin.
Parable In any part of Europe, Asia, Africa, Ansand America.
Draw Bills of Exchange and mat:e Teiegrarhlo
Transfers of Money on Europe and California.
fcnuia
JESUP, PATON &
New
S3 Tt'UUam Street,
Acconnts and Agency of Banlcs, Corporations,
and individuals recelTed upon favorable temas.
Dividends and interest collected and remitted.
Act as atrents for corporations in payin,; coupons
and dividends; also as transfer asents.
Bonds, stocks and securities bouKht and sold on
commission, at the Stocfe Exchange or elsewhere.
Sterling EzchaDxe and Cable Tranafera bought
and sold.
DRAW ON
THE UNION BANK OF LONDON;
BRITISH LINEN CO. BANK, LONDON AND
SCOTLAND.
PARIS:
0S:S.'^f(fnmSV.THO8B.DAvi8.W.G.H.HaATH.
William Heath & Co.,
BANKERS AKD BROKERS,
No. 80 Broadway, Neiv York.
Hemtoers of New Yorlc Stoclc Exchange.
arOBEIGN EXCHANGE. CABLE TRANSFERS.
&
Co.,
LondoB, Enc
Draw
Bills of Exchanjre and transact a freneral
Ofianclal commtssion bKslness. Particular attention
BlT«n to American Securities.
&
Co.,
No. 19 line Scribe, Paris.
Orders solicited for London and American markets
tor investment or on martfln. Railway, State and
(Xty Iioans neffottated.
John Munroe
&
CHEQUES AND CABLE TBANSFBR8 ON
CO.,
PARIS
BTBBLINQ CHEQUES AND BILLS AT SIXTY
DAYS SIGHT ON
AliEXANDERS &
Schulz
&
Ruckgaber,
BANKERS,
29 lVII.I.IAra STREET, NEW YORK.
COKRKSPONDENTH OF T^K
International
Bank
or Ijondon
London.
Beaars. jonn Beronberg; UonsIer&Co.
(Iilnilted)
Ilanibnri;.
IIe««r».Marcnard, K.rans* dc Co.,Parla.
Commercial and Travelers' Credits.
BlUa of Exohaog*,
Cable Traoafank
C. Walcott
J.
Alkxandkb BAKINO,
Member N.
H. O. NORTHOOTS,
J.
Y. Stock Exob.
&
Kennedy Tod
No. 63
Brancli
Office, 320 Broadway.
Connected by Private Wire.
Job. C.
Co.,
WILI^LiM BTKEET,
Bny and sell bonds, stocks and securities in all American, Canadian, British and Dutch markets on commission. Collect dividends, conpons and foreign and
Inland Drafts.
BlUg of Exchange on
& CO.,{Tnxnn,,
"j LONDON.
HAMBROSON,
& SON,
OVEN'S
MELVILLE, EVAN.S
C. J.
&
AMSTERDAM.
HOTTINQIER & CO., PARIS.
&
Kidder, Peabody
Co.,
BOSTON, MASS.
1
&
6
1
121 Soatb Third Street, Plilladelplila.
office. New
Sts.,
New York.
BARING BROTHERS & CO., I.ondon
PERIER FREKES & CO., Paris.
GOADBY &
CO., Berlin.
B. E.
I];VT£STirEi:iVTS.
Sell
All deposits subject to cbeoic at sight.
Particular attention to orders by mail or t elegraph.
H.B.HOIjLINS.
WALKER,
F.A.YZNAGA.
FBANK CHOIiUNB
&
B. Hollins
Co.,
BANKERS AND BROKERS,
74 BROADTI^AT.
Members N.Y. Stock Exchanf^e.
DEALERS JIN FIRST-CLASS INVESTMENT
SECURITIES
Buy and
sell on comminsion all classes of Stock
and Bonds, for cash or on margin.
Affents for Banks, Bankers and Railroad Com-
panies.
&
Wood, Huestis
Co.,
NEW YORK,
BANKERS AND BROKERS,
PINE
ST.,
SUCCESSORS TO
WOOD &
DAVIS.
Execute orders In all securities listed at the New
fork Stock Exchange. For Sale,
First-lass Railroad First Mortoaob Bonds
GBOKGE C. WOOD. C H. HUESTIS. L. M. BWAK
Fred. H. Smith,
BROAD ST., NEIT^ ¥ORK.
STOCKS, BONDS AND PETROLEUM
No. 20
Bought, Sold, and Carried on Margins.
all railroads for past twenty
sell unquoted sedo well to communicate.
F. H, Smith, } Members N. Y. Mining. Stock & Na*
tlonai Petroleum Exchange.
8. W. Smith, )
Intimate knowledge of
Parties desiring to buy or
curities will
CALJ>WELI., WASIIBVRIW
TOWNSEKD,
&
BANKERS AND BROKERS
AND
COMMEKCIAL AND TRAVELBSS' CBBOITS.
J. H.
Sistare's Sons,
Broad Street, New York*
8
CABLE TEAN8FERS, BTLLB OF EXCHANGE
Oc
of the New ITork
stock Exchange.
Members
Connected by private wire with main
years.
FOREIGN BANKERS,
ITIENDEI.SSOHN
)
Geo. K.
31
Offer luTestmeut Secnrltles.
Cor. Wall and Nassau
walcott,
FRANK F. Dickinson, j
Act as Agenta for Banka, Bankers and Railroad
Companies.
issue commercial credits, also f orelan and domestic
traTelers' letters of credit in pounds sterlinK St dollars.
H.
Co.,
Stocksand Bonds bought and sold on Commission.
Orders received in Mining stocks, and In Unlisted
Securities. Collections made and Loans Negotiated.
Dividends and interest Collected.
Deposits received subject to Draft.
Interest Allowed. Investment Securities a gpeolaltT
We issue a Financial Report Weekly.
BANKERS.
Sell
&
BANKERS AND BROKERS,
No. 24 Pine Street, New York.
Transact a General Banking Business
H.
CO., I.ONDON.
and Crbdits for Tbatelebs.
CIRCULAR NOTES
on CommiBsion.for cash or on marglD. all securities dealt In at the New York Stock
BzchanRe.
Interest aUowed on dally balances.
CORRESPONDENTS:
CiKcnrJLR. Notes
IiEXTERS OF CREDIT AND
Issued for the use of travelers in all parts of the
world. Bills drawn on the Union Bank of London.
Telegraphic transfers made to London and to various
filaces in the United States. Deposits received subect to check at sight, and interest allowed on balances. Government and other bonds and investment
securities bought and sold on commission.
Bny and
York.
KiNNBDT Tod.
Stock
120 Broadway, Eqiiitaljle BiiUdtng, New York.
Co., FIRST-CLASS
telegraphic transfers of money
ON MEXICO, CUBA, &c., &c.
J.
New York
KorwTZE brothers"
BANKEE8,
bills of exchange, letters of credit
Co.,
No. S3 Naasan Street, Nevr York,
No. 4 Post Office Square, Boston,
inVNROE &
&
24 Exchange Place,
New
dealt In at the
York.
COMMISSION MERCHANTS,
&
all securities
DBALBR8 IN
B AlWKERS
at
William Heath
CO.,
York.
AND
LONDON:
margin,
firms
ALSO,
10 Tlxrog^mortou Ave.,
Co.,
SUCCESSORS TO
CABLE TRANSFERS AND LETTERS OF CREDIT
William Itoth
&
John Paton
Maitland, Phelps
(TATIONAI. BANK OF SCOTJLAND,
EDINBURGH, AND BRANCHES
Members of the New York Stock Exchange,
Dialers in Forkqn exchange, Governmint
and other i^tvestment b0ni>s.
8TBHL1NO LOANS A SPECIALTY.
64 Wall St. and 62 Creene St., N. Y.
Buy and sell on commission, for investment or on
Draw Bills of Exchange on, and make Cable Transfers to, England, France and Germany.
;
BELFAST, IRELAND!
AND ON THE
Chas. Unger & Co.,
BANKERS AND BROKERS,
Exchange.
M. de Rothschild, Esq., TIenna.
AND THEIR CORRESPONDENTS.
S.
BANKING COMPANY,
NEW YORK:
Street.
Messrs. N. 1>I. Rotliiacbild
Sons, London.
"
de Rothi^eliild Kros., Paris.
"
91. A, dc Rothschild i& Sons, Frank-
BAKE TEIiEGRAPHIC TRANSFERS
J
Co.,
available in all
parts of the World, through
Francs, in Martinique and Ouadaloupe.
&
BANKERS,
& 21 Nassau
ISSUE TRAVELERS' CREDITS,
Drexel,Harjes & Co
Co.,
&
Co., August Belmont
STREET,
VTAIili
%xchimQ»,
"gavitiQn
No.
8
WAIil.
STREET.
Transact a general Banking Business, inoludlng the
Purchase and Hale of all Securities dealt In at the
New York Stock Exchange.
Interest allowed on deposits subject to sight draft
LANSINO C. WASHBtTRN.
C. B. CALDWKLL.
CHAS. J. "'owNSBND, Member N. Y. Stock Exohang*
WM.
V. CAROLIN,
CHARLES'? COX.
Y. Stock Exchange.
.
Member N.
JOINT AGENTS
Carolin
&
Cox,
Canadian Bank of Commerce, Bankers Ac Comtuinslon Stock Brokers
16 EXCHANGE PI.ACE.
BUY AND SELL STERLINO EXCHANGE, CABLE
TRANSFERS, ETC.
ISSUE COMMERCIAL CREDITS, A VAILABLE
IN ALL PARTS OF THE WORLD.
No. 68
BROADWAY, NEW YORK.
Deposits received sublect to check at sight, and
interest allowed on daily balances. Ail Stocks and
Securities dealt in at the New Vork Stock Exchange
bought and sold on Commission, for Cash or upon
Margin.
":
Junk
THE CHRONICLE.
13, 1888.]
SatiTicrs antt JRvtiktxs,
ijLMXa WiiiTKi.r,
WM.
II.
llKlM.
I>. C.
I'urtnor.
BROAD
ISvolictrf.
^ovjetgn Itanbevs.
Bass,
THN
&
Rolston
ui<m,
THAVkK
H.
Santtcvs ana
OIHOAKLIT,
<
MAVN.l
IIENHY
NKW YORJC.
NTOt^KS, BONOH
Prince
WhiteK,
64 BKOADHTAY, NEW VOItK. ANDniNt^ELLANEOVaSBOVRlTISS
Curri>HP<in(1i»iici< SoIi.-ittHl.
1
No. 20
&
No.
Rra vrn
Buy
nrrir-ix
S
•*•
*»•-.
f^f*-*^
New
York.
II.
.
Bkown.
fhid.
HauiiKKT p. Bbown.
STKEFrr,
II.
U(.i»T„N
vr. JiLKX.
Moilibur N. Y. !H<.vk Kich'M.
MumbvrChluuifi)
STOCK IIKOKKRS
M'OCKS. BOND.S, OKAIN
bouitht and Hold In .N->w
ChlcaiioCorreepoii
T>lr6ct and exofuBi
C.
&
WALL STREET, NEW YORK.
County, state, Kallruad, District of Columbia
Bonds and Foreign Exchange.
Correspondence SoUoited.
>
ThU Companj nndanaksa
CblcoMu.
I'.
ra
BAKHR * OO.
IUUwajsaodoUMrOosp«tatlaM,«MlMr
Momborahlp
In
the N.T. Stock Exchange.)
16
A
BROAD
18
Transacts a general Banktac bnslneu. Including the
purchase and sale of stooka and bonds (or cosh or on
margin.
Cahle Addrasa-PATT,
&
Kimball
J.
Co.,
BANKERS AND BROKERS,
No. 16 Broad Street,
New
Barenteen Tears' Membership In the
Stock Exchange.
BOBSBT J.
Kllf BAU.
AUTKBD
J ohn H. Davis
B.
B.
BXCHANOB PLACH.
FBANKINHIIUm, M. SXLIOHANN,
W.
\y.
Corner Wall and
BSTABUaBID
Co.,
Howard
la
H. Dewing & Son,
BAIVKERS AlWD BROKERS,
Lapsley
&
Truuuet a Oeneral Banking Business, Including
the purchase and sale of STOCKS and BONOS for
oaah or on margin.
Imreatment Seenrltlea.
P. O. BOX a,9«7.
Watlamd Trass, h. J. MoBsa.
Sell
Hnx.
BANKERS AND BROKERS,
R. T. Wilson
&
Co.,
BANKERS AND COMMISSION ICERCHANTS
S KKebansa Conrt. New York
AVCVSTI^TE HEARD,
39 NASSAi;
STREET.
NEW YORK Agents, J.
BOSTON
dt
W.
Selljnniin
& Co.
Ueaerve Fund,
-
-
•
Bk
96,000,000
- • 1,S00,000
- 400,000
-
-
So-
Exchange Place, N. Y.
Office, ^241 I.a iSallo St.,
Chicago,
TRANSACT A GK.NKKAL BANKIN'O BIS1.NKS8.
PUKCHASB AND 8AI.K OF
STOCKS AND BOXDS KOK CASH OR ON MARGIN. BUY AND SF.I.L INVKlSTMKNT 8ECURIT1K8. INTKKKST AI.I.OWKD ON DKP081T8
BUBJBCT TO CHECK AT SIGUT.
A. BOODT.
P. O.
Box
447.
C.
W. MCLCU.AN.
BlUBSN LELAND.
Transact a general banking business. Issue Ckimcredits and Bllisof Exchange, arallable In all
arts of the world. Ciillectlons and orders for Bonds,
§ tocks.
etc. executed upon the most favorable terma
F. LOW,
{»,.„.,«.-
The City Bank,
VNITED BANK BCILDINU,
Broadway.
OOMMEROIAL PAPER.
HVall Street, Corner
BONDS
dt
....
. «4,O00,INia
.....
......
AnIhorlzMl Capllal,
Hubacrlbed <'npllul,
•
- 4.000.
4.000,000
Pald-Cp Cupllal,
1,000,,oott
Keaerve Fond, iCSOO.Oao.
HEAD
Stocks and Bonds bought and sold on commlsalun
New York Stock Exchange. AdTanoaa made nn
busloeea paper and other aecurltlea
Bond
OFFICE, TQREADNEEDLE ST.
BBAJIOBSS:
Street,
I
Lndgste Hill,
Knighubrldge,
I
Holbom,
TottaaluuB Ooart Boad
Paddlactoa.
)
AldnUa.
I
OldBtraat,
London.
The Banko'hlla eondnoUng tba aaoanU bariaaia
of London Bankers, glvee spadal aftantlOB to IM
Agency of Foralgn and (Stomal Baaks.
A.
1^.
KEMMBDT,
&
L. de Steiger
BANKERS,
FRANK FORTOXM.\IX.
T i; R .X E R
A. P. TI/R.XER
so
Australasia,
Co.,
Paid-up Capital,
Keeerve Kund.
Hauaaun
maMBauK
Kngland
£1,AOO.<X)0
7fi0.000
-----
TUREADNEEULE
^•''
,
phlliirtnlnhls
Bank
^
or
.
British
Shanghai
4.4'*>00O
400.000
7.600.000
Ttie Corpf>rHtlon grant Drafts. Issue Letters of
Credit for use of Travelers, and negotiate or collect
Bills payable at Bomt>ar. ('a*ontta. Hlng»p<fre, Saigon.
Fooohow, Amoy, NLngpo,
Manila. Hong Kong.
BhHiighal, Hankow. > okohasoa, Hiogo. San Franosoo
and London.
A.
.W.
Agent, 47 Wllllnm
WALL STKBBT.
—
Marling Kxobaaaa
Otia T|aas
biobaaaaaad
I
"
draftsson
o~ ReoUaad
aad iNiaad;
fers. Issue
>laaMa.aaa riaaakaoaad
also on Canada, British Cola
sail
demand
Chicago.
ClKCt'l.AK SOTKH lasaad la PoaajIsMaHtaw
pnn»
the world. C'OM3fBS«
uTKfepa,
riAL CRF.I>IT~ I~~t VI> f.iT asaIndlja.
Ata^
•vallnble In «n
..f
West
China. J»p<ir.
In
name
BANK
Plata.
Ac
of
v
I
vv
Lmi;^..
Bills eollssted
,
t-l.
North America,
No. (S
But and
t7.S(X).000
'*''"''
OKMOY OF THC
i
TOWNHKKD.
CO.,
Stock Exchange.
Ht™-k K>rhi«n>»
)
Rills negotiated or Hcnt for colleclton.
Telegraphic transfe r^^ maile.....i..r. .,f
'"'-'r^t for fixed
Deposlts received in
periods, or for tran>:
on terms
which may be ascert'i
HKii' ^; \ -;
-ocretary.
Paid-up Capital
Reserve Fund
Reserve for Kquallsatlon of Dividends
Reserve Llablllly of Proprietors.
A.
BTIUnrr,
Canadian Saukets.
liOtters of Credit tind Drafts Issued on any of the
numerous branches of the bank throughout Australia
and New Zealand.
Hong Kong &
fiER.«A.VT.
LONDON.
(Incorporated by RoTal Charter. 1835.)
St., I«ondou,
4 TUroadaeedle
BANKING ASSOCIATION.
BANKUK8.
NAmOIl t KITHNI
merdal
FRKDR
INCLUIJINU TlIK
ar
NBW YOBK COBBBSPOHDIMTa
Meiwn«.I[NArTH.
(LTXITBDj
Correspond'ts, Massachusetts N.
Anttaorlxed Capital,
Paid-up Capital, •
CO.
Transact a general Banking and OHnmlaaloa Bask
oeas In Bills, Stocks, Sharaa, Conpons, Ac.
General flnanclal business.
Bank of
cor.
(iaM,Mlue)
Amaterdmin.
Almeloa-LBDEBOER *
Loans on Railway and other negotiable sectirttles.
Purchase and sale of same. Loans on Bond and
Mf»rtua«e.
Olllce,
MAM
lONATZ STKINUART,!"""*'*^
a8 Broadway,
(tS,14B,MflL-)
Ratterdaai— DB WIBSBL-an KmomrBARK.
Ensckode— B. W. BLUDENSTEIN, JB.
P.N. LILIKNTHAL. Cashier.
BANKERS^
*
BRASCHEa
LONDON,
SAN FRANCISCO Offloe, 422 California St.
New York,
c.
—
Landan—BXCHANOB * INVESTMENT BANE
B. W. BLUDgNSTBM * Co.
Mos.
Threadnaedla atnat. ILa
(LIMITED).
Head Otitoe, 3 Angel Court.
WALL STREET,
w.
188L
— Onlldar* (IMOOgHM.—
84»,8(»il7
sold.
C^ Co.
BANKERS,
BTOOKS,
7.H71,100
Co.,
^flr^flu Sauliers.
THB
Anglo- Californian Bank
D
Head
No. 11 W^ALL STREET,
New York.
New York.
Stocks and BondB Bnuffht and Sold od CommlMloQ
Aooooata received and Interest allowed od bal*
buioes, which mar be checked for at stirbt.
Iowa Loan it Trust Co.
per cent Debentures
Branch
Paid-Dp Capital,
BaservaFond,
CO.,
HOLLAND.
.
HiBAli DIWIXQ. Clakk Dbwinq. f. T. Bontxcod.
(Member of Mew York Stock Exchange.)
A. M. KiDDiB.
....
Snbserlbed Capital. 8.00a.(X)0
Kjcchanoe,
Jiew Street*.
Private Wires to Waslilnirton. D. C Baltimore, Boeton. Philadolpbla and Chicago^
NEW
Bnj and
Loasow.
BLIJDEN8TEIN k
AfflSTERDAin,
DtTDLIY.
Stocks, Cotto.v. gkain. Foiikiu.v
to CHICAGO. BAI.TIMOREI.
PUILADKLPllIAand Intermediato l"ulnts.
No. IT WALL ST.,
YORK.
No. 18
m
hHh gin
Bankvereeniging,
B. W.
OREEN
&. BATEItlAN,
bankkks anu ukokkiis.
Naw York
With Prlvato Wires
bought and
L. 8.
^embers N. V. Stock RxohantfeDoroLASs Orccn.
a. B. Batsman.
Memb. N.T.Cotton Kich. Mamh.N.Y. Stock Kxch.
York.
BANKERS AND BROKERS.
Do a strictly Cominlsalon Buslneaa
STOCKS, BONDS and bKAlN,
No. 18 AVaU Street,
ASnOo
LOUNBBIBT.
&
IkaaM
Asiel & Co.,
BANKERS AND BROKERS, De Twentsche
Mo.
Bl
R.
la
nam PIiIiIm^
I
or BeglstraUon of atr,^m\w, ffflMhm_ or
NEW YORK.
8T..
panunUof Intarwtoa
tar of
aad
Umdon Mattel,—«m Agaat tar
lawwa loans on the
i urner.
J.
^~*it«i> nf Trama
tfee
to Irfwos of appTDTed mallwaf*, nmillalsa
BANKER AND BROKER,
Co.,
UNITED BANK BUIUJING,
PltOVmiONI
and
>-..rk ••lul
'
JOKH HOWAKO Latuah. fbedekick w. Pkbbt
Oltjr.
OapluU r>l« Up, MTI,l«0 MMllac.
COMMItSHION MKRCHANTS,
33 Broad Mt. aud 61 Kzrbanice Plae*.
(IS Veara'
No. 3
LONDOM, ENeLAND.
AND
NASSAU 8TBEBT,
NEW YORK.
H. Latham
(UMimu.
BANK Oll.Slfiaa
N*. 4
it.
Kxch'ge.
st<i4.-k
>
J.
BAU,
Jameson, Smith&Cotting
Bbowii.
Walston H. Brown & Bros
BANKERS,
NO. 80
Railway Share Trust Co.
fumUhed.
(Vu.iUilonn ebaarfullj
W«.
on GoiumlHlon all clituos of llallroad
B«ourltlei«: hIso (irnlii and l*roTlHkinH.
Prtr»ta TalttKiupb wine to PbUadelphla, Wltmlnii*
ton, Baltimore. Wuahlnjitoii, Bridgeport, New Uav«o.
BoetoD and Pltteburii.
&i)(l Bell
WAunoN
)
:
1
^
<
\,' >n A; BKA7.II.IAN
i...:
a Ua Bfaslls. Klvsr
and olbar banking
l>.
biislnias tiaaa-
A. .McTAVIWI.
li.8TlKKMAN,
I
{
.__..
A««aia.
,
fvou XL.
©awadiati gatxIuerB.
Hiewr '^nglixna %^uhsv5.
Merchants Bank
Joshua WiLBOUB,
Chablbsh. Sheldon, jk.
Benjamin A. Jackson, Willlam BtNNEr, jb.
OF CAIVADA.
OFFICE, mONTREAL.
GEORGE HAGUE, General Manager.
J. H. PLUMMER. Assistant General Manager.
BANKERS:
liONDON.SNO.— The Clydesdale Bank (Limited.)
MEW YOBK-The Bank of New York, N.B.A.
PROVIDENCE, R.
Exchange.
Private Telegraph Wire to
HENRY HAG 0E,
B.
HARRIS.
(
Bank of Montreal.
OAPITAL,
-
-
8URPI.C8,
-
-
SMITHERS,
W.
$12,000,000, Gold.
$6,000,000, Gold.
IfSW YORK OFFIOH,
&: 61 IV^ALI. STREET.
WALTIK WATSON, Agents.
„„„,,
T
FINANCE COMP'Y,
96
BALTIMORE,
BAIiTimORE.
INVESTMENT
and
SOUTHERN SECURITIES
Correspondence soiicited
and Inlormation
>
Imperial Bank of Canada.
N. Y. Corrft8pondent»— MoEim Brothers
ft
M>oufhevn 'gn.nhevs.
DEFAULTED BONDS
&
Thos. P. Miller
-....--
Catharines, Port Colbome, St. Thomas. Ingersoll
Welland. Fergus. Woodstock, Winnipeg, Man
Brandon, Man., Essex Centre, Ont.
Dealers in American Currency & Sterling Exchange.
Agents in Xjondon
. „«_*„ i^ *j««. v^^t,
9t.
:
I
anquet'8 Bunk, limited,
6^
Lombard
i
Street.
|
^^%
^^^ StS
^ Wall
Street.
Prompteet attention patd to collections payable In
any part of Canada.
Approved Canadian bnslneBS paper discounted at
the Head OQice on reasonable terms, and proceeds
remitted by draft on New York.
Gzowski
&
Buchan,
STOCK AND BXCHANGE BROKERS
Co.,
BANKERS,
AliABAirtA.
Special attention paid to collections, with prompt
remittances at current rates of exchange on day of
payment. Buy and sell State of Alabama and City
of Mobile Bonds.
Correspondents.— Bank of the State of New York,
New York; Louisiana National Bank, New Orleans
Bank of Liverpool (Limited). Liyerpooi.
Consiirnnients of Canadian and EnKliBh Banlc
Notes and Collections promptly remitted for bv
draft on Hank of New York N. B. A.
^nu
gttflXaixd ^amfeers.
Cobb
&
Estabrook,
BANKERS,
No. 86
Houston,
We
glTO special
accessible points.
attention to collections on
w.
C. C. Baldwin,
B. F.
E. B.
WBBMS. Cashier.
BUBBUSS,
A, K.
Pres't.
WALKEB,
National Bank,
First
W^II-MINGTON, N.
CaUeotions
Cashier
made on
all
C.
parts of the United States
Collections
;
made on
Southern points on best
all
prompt returns.
JohnF Glenn,
JOHN
Cash.
P.
BRANCH,
President.
THOMAS BRANCH &
CO.,
BANKERS AND COMMISSION MERCHANTS.
RICHMOND, VIRGINIA.
Virginia Bonds funded under the Funding Act
passed by the last Legislature, for J^ per cent comNew North Carolina 6 per cent bonds,
secured by lien on the State's stock in the North
Carolina Railroad, for sale.
W&itsUxn ^mihzvs.
THE
(FormeriT CKAS. A.
Swssr &
Co.,
Co.)
BANKERS AND BROKERS,
No. 40
STATE STREET,
&
ESTABLISHED
P.
Mortgage
&
Co.,
OLIVE STRBEl', ST. LOUIS,
Dealers In Western Securities.
805
4^ to
Sealers In Municipal, State and Railroad Bonds.
Samuel G. Studley,
COMMISSION STOCK BROKER,
No. 4 Excbanee Place, Room No.
4,
BOSTON, MASS.
JIBMBKR OF BOSTON BTQCK SXQ5ANG8,
D. G.
FONES,
President,
D. J. TOMPKINS, Secretary.
New York Dirkctore—Joseph W. Drexel, A. L
Hopkins, H. Victor Newcomb, John Paton, Danle
Torrance, Edw. F. Winslow. Erastus Wlnain.
j
STATE BANK,
(
i
Incorporated 1875.
S
C. T.
WALKEB
Cashier.
German National Bank,
LITTLE ROCK, ARKANSAS.
Capital (Paid In)
•
• $200,000
all business in our line.
N. Y. COKBESPONDEXTS.— Importers' & Traders'
National Bank and National Bank of the Bepnbllc,
Prompt attention given to
FIDEEITT A CASUALTY
Nos. 214
&
Cash Capital.
218
CO.,
BROADWAY, NEW YORK.
?350,000.
Assets. $518 026 11.
Deposited with the Insurjince Departm't, ^200,000.
omctals of Banks, Kailronds and Express Companies. Managers, Secretaries, and Clerks of Public Companies, Institutions and Commercial tirms, can obtain
BONDS OF SURETYSHIP
from this Company ut moderate cbarges.
The bonds or this Company are accepted by ooorts
of the State of New York.
CASUALTY DEPARTMENT.
Full information as to details, rates, &c., can be
obtained at head otBce, or of Company's Agents.
Wm. M. Richards, Prest. John M. Crank,
ROB'T J. HiLLAS, Ass't Secretary.
DlKECTOllS
David Dows,
Geo. T. Hope,
W. G. Low,
A. S. Barnes,
G. G. Williams,
J.S.T.Stranahan, U. A. Uurlbut,
A. B. Hull,
J. D. Vermilye,
Geo. S. Coe,
Wm. M.
Sec'y.
Charles Dennis,
Alex. Mitchell,
S. B. Chittenden.
Richards.
1871.
Keleher
F.
OFFICE
BROADW^AT.
Policies issued against accidents causing death or
Defaulted Bonds of Missouri, Kansas and Illinois i.
Specialty. Good Investment Securities, paying fron.
10 per cent, for sale.
jBosTOjy, niAss.
NEW YORK
NO. Ill
totally disabling injuries.
Transact a general Financial and Agency Business in
the State of Texas and Europe.
New York Correspondents:
C. E. WKLLB8LEY,
BLAKE Bbos. & Co.,
General Manager,
Wall Street.
Dallas. 'Texas.
&
1300,000
400,000
Deposit with Insurance Department
214,000
President
Vice-F.-esident
Sib ALEX. T. GALT.
Hon. jas. Feeeibb.
Managing Director: Edwabd Rawlinos.
Fred. R. Scott. VIoe-Pres't
ALSO,
Dupee
Cash Capital
Cash Assets
MERCHANTS' NATIONAL BANK,
RICHinOND, VIRGINIA,
Co.
OF NORTH AMERICA.
BBNJ. A. BOTTS.Pres'l
COMPANY LIMITED,
(OF LONDON, ENGLAND),
Perkins,
The Guarantee
Mcllhenny. B. F. Weems.
BCBMBEBS OF THE NEW YOBK AND
BOSTON STOCK EXCHANGES.
and United States Bonds.
NO OTHER BUSINESS.
all
Botts, Pres't; F. A.Bloe
B. Botts, Bob't Brewster, S. K.
Texas Land
Dealers Im Mnnlclpal, State, Railroad
Circulars on application.
JBonds of Snretysliip.
Texas.
DiKECTORs.— Benjamin A.
CONGRESS STREET,
BOSTON.
RAILROAD LOANS negotiated.
CAPITA!,, $S00,000,
mission.
Brewster,
of States, Municipalities
and Railroad Companies negotiated or collected.
CALL AND TIMB LOANS made on United States
Bonds and good Municipal and Railroad Bonds.
FINANCIAL AGENCY for railroad companies and
other corporations. Will also conduct tbe reorganization of railroad companies and other corporations
whose bonds are in default or whose property is In
the hands of Receivers or Trustees.
THE CITY BANK OP HOUSTON,
terms
TORONTO. CANADA.
Authorized Capital Stock, $1,000,000.
Paid In
600,000.
SOUND INVESTMENT BONDS furnished to Sav
Ings Banks, Insurance Companies, Executors and
Trustees of Estates, and individual Investors.
UNITED STATES BONDS, State Bonds, Municipal Bonds, Railroad Bonds, bought and sold.
Oo.
;
CAPITAI. (paldnp), - - - $1,500,000
SURP1.US,
$678,000
H. 8. HOWLAND, Pres't.
D. R. WILKIE. Cashier
HEAD OFFICE, TORONTO.
BSAyCHUS:
Sec'y and Treaa.
frr-
nisned.
MOBILE,
No. 32 Abcbnrcb I^ane
2d Vice-President
3d Vice-President
of Baltimore Stock Exchange,
•pedalty.
L>omlnion of Canada.
Office,
President
1st Vice-President
&
sell
liondon
BROADWAY, NEW^ YORK.
TRANSACT A QENERAi DOMESTIC AND JOHN C. SHORT
FRANCIS A. WHITE
FOREIGN BANKING BUSINESS.
JAMES S. NEGLKY
B. TALBOT
Wilson, Colston
Co., THEO.
WM.P. WATSON
BANKERS AND BROKERS.
f
Sterling Exchange, Francs and Cable
Transfers; grant Commercial and Travelers* Credits,
available in any part of the world; issue drafts on
and make ooilections in, Chicago and throughout the
AMERICAN
Sons,
.
)
ALKX'K LANG,
l^iwauciaX ©wmvawijes.
BANKERS,
SOUTH „TREET,
Members
No*. S9
Bny and
No.
President.
BUCHANAN, eeneral Manager.
J.
PHILADELPHIA.
and Boston
Y.irk
&
Robert Garrett
.„..„,.
Agents.
)
JR..
I.
galttmorje gatifeers.
Nemr York Agency, No. 61 UTall Street.
JOHN
Now
Bobebt m. jannit.
M. Shoemaker & Co.
Dealers in Commercial Paper, Government and
other flrslxjlasB Bonds and Securities and Foreign
The New York Agency buys and sells
Sterling ExOhange, Cable Transfers, issues Credits available in
all parts of the world, makes collections in Canada
and elsewhere, and issues Drafts payable at any of
the offices of tbe.bank in Canada. Every description
of foreign banking business undertaken.
Shoemakeb.
BANKERS AND STOCK BROKERS.
No. 134 SOI7TH THIRD STREET,
TTEYBOSSET STREET,
S3
Jos. M.
Jos.
bankers AND BROKERS
-
SEAD
& Co.
Wilbour, Jackson
$5,700,000 Paid Up.
$1,250,000
President, ANDREW ALLAN, Esq.
Vice-President, ROBERT ANDERSON, Esq
Capital,
B«8erve,
:
:
THE CHRONICLE.
u
O. F.
:
:
American Surety Comp'y
Cash Capital, $500,000.
General Office, 160 Broiulway, New York.
EuiER, Pres't. Lyman W.Bhiogs, V.P
This company will act as surety on Bonds required
RicH'i) A.
In the Courts.
It is the only
Company organized in the United
States devoted exclusiveljj to Suretyship, and with
all Its assets invested in this country.
It Kuarantees the honesty of Officers
and Employees of RnilwHys, Banks, Telegraph, Telephone
and Kxnress Companies, and persons employed by
corporations and business houses holding positions
of trust and i)ecunlMry responsibility,
K. !>. L. .^WEET & SONS.West'n Managers, Chicaeo
HENIIY K. FOX, Agent and Attorney. Philadelphia
GODFREY MOUSE. Ajient and Attorney, Boston.
BASCOM & MUNSON, General
AKents.
St. Louis.
BKOW^i.CttAlG *C0.. Genu A«ent8, San Francisco
-
t
JuNe
THE CHRONICLE.
18, 1880.]
^uctittu jIaUs.
STOCKS
Stmst itampmiUB,
BONDS
and
The Unrtersluned
lioUl
SALES
RKGUf.AK AUCTION
of all olosHt's
STOCKS AND
pram* Court.
oeposli. of ra.moy on InterML
ttacal or
>r T**!'*
transfer went, i.r trustee
oorpora.
oorpomand aooeptand itooute anly legal for
trusts tnm
penoos or oorporati
on as favorable tera* a*
other similar com
utas
i>f
.'.
B01VD8,
ow
No. VZ
MLLLER A
II.
riNE 8TREi;r,
(EQriTAiu.it
'gvxxst
(gjQ
?yi'Jt'J.r-"'!'''''"0"''"( President.
?.^".:v'K'i!'j.''BR^v;Vi?.''Ai;s!-j;;?''''"'
SON,
NEW YORK.
jlpccial Jttticstmcttts.
ntm.mvo.)
Investment
my antes.
.
-
This companr
Is
Intno'Mnr. iind
Is
-
.
-
.
.
recoivt'i "i i«5tate8.
IM
ALLOWKD ON
:!U;sT
made at any
which
DEPOSITS,
time, and wltbdrawn after
and will be entitled to Interest for
iiuiy be
five days' iititice,
the whule time they may remain with the oompanr.
Executors, administrators, or trustees of estates,
and females unaccustomed to the transaction of bual>
nees, as well as relUclonsand benevolent Institutions,
wtll find this company a oonrenlent depository for
Dan. H. Arnold, W. W.
'John II.Rhoades
xhomae 6locomb,j [>. Willis James, lAnson P.Stokes,
Charles E. BUI.
John J. Astor,
Robt. B. Mlntnra
Wilson G. Hunt, John A. Stewart, Geo. IL Warren,
Macy.
I.^.M.BucklnghamiOeorite BUbs,
Clinton Gilbert, H. E. Lawrence, William Llbbey.
Daniel D. Lord, [Isaac N. Phelps, John C. Brown.
Samuel Sloan,
Kraitus CornlnK.I Edward Oooper.
James Low,
It*. B. cnittenaeii,! W.Uay'rdCnttlna
UKNRT L. THORNELL. Secretary.
Q. HAMPTON. Asulstant SaeretAry
I
—
raONTAGVE
luiiioM.f
DBS moiNBfl, IOWA.
,^ ^^^j^,^
NORTH-
TS,?Wf
WESTERN
GUARANTEE
HAOHFIELD,
S^ Pino
J.
Ci«piT*u iiao.om.
of .Mlnni'
lied cAplt't
aipltAl, < •
Street.
LOAN
M'>rtfiaif(><
'
four Uoif*
Kniie. nfrttii
cl. Uaa^ulllM^<1
twu to
"f mort-
.
COMPANY.
PM/abUatoor
ti»
..,™,^
(
Baiiklnif Il'.u*«^
We
BROOKLYN.
ST.,
GAS STOCKS
km
OAS SECVRITIE8,
WmH.
n.
Merchants' Nat'l Bank,
poodenee. Colleeti..n. -^a,
AMD
S08
oTLmS.
M, MiLU. Presides^.
r,
Geo. H. Prentiss & Co.,
No. 49 WALL ST., REW VORK,
i'helps,
;
K.
Wo.
JOHiTa. STBWART, President.
WIM.IAM H. MACY. Vice-President.
JAMBS S. CLARK, Second VIoe-Prest
moner.
three (A ilniM amoaot
eeot Uebaniare'
taslr faoe value In 't
security personallr
referencm addi
SOLD.
Southern Securities.
ALBERT
cam*.
-"*'"'
Imb
'
Rome Watertown A Ogdeiulmnt lita and M*.
Oswego A Rome Ists.
$3,000,000
3,«01,T41
a legal depository for moneirs paid
autooriied to act as guardian or
JSccurities
BOUGHT AND
WANTKDt
OF KSW YORK,
No. 49 WALL STREET.
Capital,
Oflkrs aarefaliy
felly seleeled
salMM*
jriaaaaa. f
UAUKAIMV
United States Trust Co.
Snrplua,
IxooaroRATni.
lions
WKDNESDAV3 AND SATURDAYS.
ADRIA!V
New England
Mortgage & Invcstm't Co
MUU Bullillng, 35 Wall Bt, Mow York.
VP CAPITAL
»JP
,£*»»
CAPITAL, *l,000,000.
Daalanated
At Auction.
Inwestmcnts.
Jil^ectat
Metropolitan Trust Co.,
8tre«t Railroad Stocks
have oonslantly on hand a line of e>'oice and
selected County, City, school and other Mnnleini
Bonds, which we have purchased after a strict lavaaligation by ourselves and also by able
legal eoauel
"",*'» np<m securing from as Done bat
'PTJfi'""
Blrlcthr
flrst-class and safe Investments.
nisbed upon application. Mortgage Ixians\MmuS^
on real
estate furnished In Illinois and lodUnaT^
HARRIS &
Montank
Block, 115
A
I
IT
PIrst .National
and Boadi
CO.,
Monroe Street, adloialnc
Bank Building, ^"~-"
CHICAGO.
I
ASD ALL KIKDS OV
LOma
The Union Trust
611
AND
813
BROOKLYiy SECURITIES
Co.,
DEALT
CHESTNUT STREET,
PHILADELPHIA.
Anttaorlied Capital
(1,000,000
Pald-ap Capital
800,000
Acts as Kxecntor, Administrator, Assignee, etc.
and executes trusts of every description known to
the lav.
All trust assets kept separate from those of th*
Company.
Barglar- Proof Safes to rent at tS to *60 per annnm.
Wilis kept in Vaults without charge.
Bonds, ntocks, and other valuables taken ander
guarantee.
Paintings, Statuary, Bronies, etc., kept tn FireProof Vaults.
Money received on deposit at Interest.
JAS. LONG. Pres't. JOHN G. READING, V.-Pres't
8. STOKES, Treasurer 4 Secretary.
D. U. PATTERSON, Trust Officer.
DniKCTORS.— James Long, Alfred S. Glllett, Joseph
Wright, Dr. Charles P. Turner, William 8. Price,
John r. Monroo, W. J. Nead, Thomas K. Patton, John
G. Heading, Jas. 8. Martin. D. Hayes Agnew, M. D.
Jos. 1. Reefe, Robert Patterson, Theodor C. Engel.
Jacob NayJor, Thos. G. Hood, Edward L. Perkins,
Philadklfuia; Samuel Riddle, gi.kx Riddle, Pa.;
Dr. George W. Itelly. Hakkisbuuo, I'a,; J. Simpson
Africa, Ur.VTi.VGDO.v Henry S. Eckert. Rdadino:
Bdmand S. Doty. Miffli.ntown W. W. H. Davis,
DoYLEsTowx R. E. Monaghan, West Chiestir
Ohas. W. Cooper. Allektown.
Member
;
;
;
The Brooklyn Trust Co.
H. L. Grant,
BOUGHT AND
7
real
EDMUND
President.
Vloe-Pres't.
W. CORLIES,
TRUSTEES:
JoslahO.Low, K.F.Knowlton, Henry K.Sheldon
Alex. M. White, John T. Martin, C. U.Wood,
A. A. Low,
Kred. Cromwell, Henry Sanger,
Alex. McCue,
Jonn P. Rolfe,
Wm. U. Male,
Mich Chauncey,E W. Corlles,
Rloley Rnpes,
.
Wm. B.Kendall,
U. K. Plerrepont. Ahrani U. Baylls.
Jas. Ro88 Cdrhan. Heoretarv.
THE
Provident Life &Trust Co
OF PHILADELPHIA.
Incorporated Third Mo., 22d, 1SB8.
(CHARTER PERPETUAL.)
CAPITAL
«!1,000,000
ASSETS $15,6t2l,5:{0 «;{.
INSURES LIVES, GRANTS ANNUITIES, RECEIVE.-^ .MONKV (VV I)Kl'O.SlT, returnable on demand,
ompowDCLTOli, AD.MINI.STKADIA.V. ASSIGNEIC, CO.MVGKNT, etc., lor the faith.
-I
ered
Ton.
^-ii
MlTTl
!
is
itllowcd,
and
is
\i
ful peil'.-iiituiice of which its capital and surplus
fund furnish ample security.
AH truHt luiid-H and investments are kept separate
and apart Irom t lie assots of the company.
The iiK;'.iu<> I'f |t;irfn.'^ residing abroad oarefolly
collected and duly remitted.
BA.ML R. Smi'LEY. President.
T. WI8TAR BROWN, Vice-President.
ASA S. WING, Vice-President and Actuary.
M
S
tloulars as to loans, reiurences, etc.
C.
Norton,
Cash'r.
Refer to
Interest from
Law E. Dabkow. Pree'l
Oilman, Son k Co., Banker*. N. Y. City,
MKBCHANT8' NATIOXALBANK. Chicago.
IlllBOtS.
Minneapolis, Minn.
\\ _
i~^
^'
Special attention given to
V.-<OlleCtlOnS.'>>"e"lon» ana
oee on day paid.
Remittan-
ages on Im*
Investments. ^}^ ^l?;'! 'roperty.
Bank and other Stocks Bought and Sold.
BLAKE tc CO., Private Bankers,
P. O. Box 320.
niBneapoUa, in Inn.
THE WE8TER3f
FarmMortgage
ios In
moktga(;k
Intorcst Hi
In New York.
Kills r
'>N
KAR-MS.
id
id
the market.
IMPROVED
V
K.
(dent; J. T.
Vlce-Pre.1t
II
Secretary
Alt 1'. Auditor.
No
references
!us(*t'
sample
smplt forms.
WARNE,
..ARNE,
OHAS. W. OILLB'!"!
-,
1
rcas.: ^. *
THB
Kansas Loan & Trust Co.
TOPEKA, KAN.
sweet,
baa negotiated over •7.0M.J
,•••
of these loans for Savings Banks, losnranoa Companies.
It
BsUtes and prlvaM partle* Bast. Bend
elrouhir.
the Creditors of the Cltj
of Elizabeth.
Notice Is hereby given. That bond* for the adjastof the City of Elisabeth are now
ready to be exchanged for the unadjusted bonds and
obligations of the city, at the Mercantile Trust Ooa>
pany. No 180 Broadway, .New York.
Adjustment bonds, bearing four per cent Interest,
will be issued for fifty per cent of the principal and
Interest of the debt, calculated to July I, IS8S.
All parties who exchange on or before the Uth day
of July next will receive six adjostment bood
coupons, being twelve per cent acomed interest since
Jnly 1, 1882— the date of the adjustment honda. The
payment of this accrued Interest will be extended
for twenty years, and t>ear Interest at four per eenk.
IVo arcrnpd inter<>«t on .%djaatment
ment of the debt
Boixlwliorcanor laxiiod will bo funded,
uiilcHM
tilt-
rxrliHiij^e la
made witbtn
tUe tluie lluilivd above.
The annual tax
levy most be
made
In tka latter
part of July in each year, and no tax for Interest cen
bo levtetl In anticipation of the Issuing of bonds.
and a
born
ilnir
oi'
reliijKlfit
on
to Tiro Mlllloaa
Uullara have already
<>ti
iliU plan. The int hi.iiil^ lirrrtofure
ntljii*.f iii'ii
IwHUcdliaa bcru |>Mld iiroiuplly.
Full Informstion. t.igether with copies of the
'
statute;* and onllnan,N'. under which the
Is procce<llng, will t>e furnished up,in appllcalloo to
the MercantUe Trust Company, or the nndetilgaed.
ALBERT B. CARLTO.V, CoaaptrvUer.
Elliabeth. N. J.. May SO, ISW,
SmMAii8.JBwnT.Pfea. JoaAaJBWBTT, V.naa
WILLIAM C. COBIVWBLLTQHhler,
Bank of
Buffalo,
tor
»S00,000
BrFTALO.
Pres.
rates
ales
ih r
CUOrCB riRST MOHTGAaE.LOAN8 at high
Interest.
_gttiaiictal.
CAPITAL,
OBD. M. NOBLE, See
Is the oldest and largest Inetltatlon In Kansas,
ol
giving exclusive altciitlon to the Negotiating
.T. B.
STOCKS
NOTICE— To
torcwt
on day of ma.
ninred. Large
turlty
experience.
cue
IN
WCE
Bonda aniounllns
Co.,
LAtTRENOE, KANSAS,
Offers to Investors th.
RA
IT
:
Choice flrst mortgages in the best Farming Districts
In Iowa, Missouri, Kansas and Nebraska.
Interen
paid i;t your own home in N. Y. Exchange. Twelve
yearslexperienco in loaning for Private Investors
and Trust Funds. Semi for circular giving full par.
in the saleor maragement of
Interest or dlvldenus, receive
RIPLEV ROPKS,
(or money.
DBALIKOg
I
Cash paid at once for the above securities or they
be sold on commission at ..oiler's o|'ti..n.
First National Bank, Corning, Iowa.
CHA8.
Bailey,
PINE STREET,
»ill
NEGOTIATED BV THE
date of receipt of monev.
S.
5>a
Safe Investments.
PER CENT BONDS and MOKTGAUES
assent
estate, collect
ngistry and transfer books, or make purchase and
ale of Government and other securities.
Religious and charitable Institutions, and persons
nnaocustomed to the transaction of business, will
find this Company a safe and convenient depository
E.
A SPECIALTY.
SOLD.
See Quotations of city Rallroails In this paper.
Cor. of Montagne i Clinton eta., Brooklyn, N. T.
This Company Is anthorlzed by special charter to
aot as receiver, trustee, gnardiao. executor or ad<
mtnlstrator.
It can act
N. V. stock
No. 145 BROADHTAT,
NEW YORK.
CITY RAILROAD STOCKS & BONDS
MAULON
;
IN.
SEE QAB QUOTATIONS IM THIS PAPBB.
a«0. H. PRBimss,
W. W. WAL8B
Farm Mortgages
In Sums of $100 and Upwards on Indiana and Olilo Lands.
NOTHING 8AKKR. AI.WAT>> PROMPTLY PAID
SEND FOR PAMPHLET.
JOS. A. noOHE,
84 East market St.. Indiana polle, lad
N. T.
nu
hank baa annanor fadUtlaa tar lUiMaae
lions on all seessrt ble polBte la Ike UatMS
Ubafnl terM aataid
Canada and Barape.
sooonnU of banker* and menaaat^ .
. _.
Coiuii»Foi«D»>fT«,— Sew York. Katloaal
Union Bask of
r
WM •
.
)
THE CHRONICLE
VI
^xnmicinl.
^iuixrxcxuX.
PROPOSALS FOR THE PURCHASE OF BOXDS.
SEALED PROPOSALS.
TEKBITORY OF DAKOTA,
)
Theasuheii's Office,
Bismarck, June 6, 1885.
Sealed proposals will be received at thlaoflfiee until
noon of July?, 1885. for the purchase of the whole
or any part of the following described Coupon Bonds
of the Territory of Dakota:
StfSjOOO North Dakota Hospital Bonds, bearing
date May 1, 1885, running twenty year?,
and payable at the option of the Territory Ave years after date.
'S*4»00Ct University of North Dakota Bonds, bearing date July 1, 1885, ninninsr twenty
years, and payable at tlie option of the
!-
Territory ten years after date.
Dakota Agricultural College Bonds, bearing date on tlie day of execution, running twenty years, and payable at the
option of the Territory ten years after
$S20tOOO
date.
date July
bearing
twenty years, and
1885,
I,
running
payable at the op-
tion of the Territory ten years after
date.
Universityof Dakota Bonds, bearing date
May 1. 1885, running twenty years, and
payable at the option of the Territory
$13i000
five years after date.
"SlliOOO North Dakota Penitentiary Bonds,
ing date July
1. 18^^5,
bear-
running twenty
vears, and payable at the option of the
Te ritory ten years after date.
813)tt00 Madison Normal School Bonds, bearing
date on the day of execution, running
twenty years, and payable at the op-
FOR
city, except the
Treasurer.
August
1.
Madison Normul School Bonds,
in-
payable at the office of Territorial
to be delivered on or before
1885, in denomination of *500 each (2 of
terest on which
is
Bonds
*600).
Bonds will be sold to the highest bidder, and no
bids will be received at less than par.
The riglit to reject any or nil bids is reserved.
Envelopes containing proposals must be marked
^'Proposals for the Purchabeof Dakota Territorial
Bonds."
Further information
be furnished on anplica-
will
lion.
J.
W. KAYMOND.
Treasurer Dak. Ter,
PER CENT BONDS
CITY OF
E. C. MARTIN,
J- N. HUTCHINSON,
J. N. A.
GRISWOLD,
HENRY
B.
HAMMOND.
We have on hand a
At the Financial Agency of the City of
Paul in the Ci y ot New Yorlt.
All beating interest at the rate of five (5) per
cent per aniiuni, i>ayable semi-annually at the
said Financial Agency.
These bonds will be issued in denominations
of
ONE THOUSAND DOLIiARS £.VCH,
And delivered to the successful purchaser iu
tbe City of St. Paul.
No bid will be entertained at less than par
and accrued interest, as provided by law.
Bids will be entertained for all the bonds
As A Whole or for any Poriios Thereof'
The Committee reserving the right to reject any
Over Seven Million Dollars negotiated wltli-ont tbe Loss of a Dollar.
and examine or write
VAN 8LYKE,
JOHN DOWLAN,
AV. A.
27
Managers,
custom house street,
phovidexce;, k.
i.
No. 11
JOHN
PINE STREET,
St.
Paul, Minnesota.
MARINE INSURANCE.
MUTUAL INSURANCE COMPANY
Nassau
St.
&
18 IVall
Cash Capital, all paid
St.,
N. Y.
$500,000.
in,
amounting to
in:iI.I.IONS
OF
DOIjIjARS*
besides returning to dealers and stockholders, in
cash, over FIVE MII-,L10NS OF DOI^LAKS. Issues
policies of insurance against MARINE RISKS on
vessels, freljiht and carf-e?*. i^t current rates of premium, maKlng the loss payable at its office in ^ew
York or lit tbe Banking; House of Kleinwort Sons &
Co., Loudon, as may be desired.
JOHN P. PAUI.TSON, Pre»irtent,1
JOHN P. NICHOLS, Vice-PrcsideHt,
CHARLBS W. WALTON, Sec, pro teiii.
Phelps Induction
Telegraph
Company.
at a
low and uniform
iirico.
s.
Avenue
HOTEL,
iaadl§on Square,
Wall Street.
First MortKaee Consolidated
7 per cent Bonds will
receive tor each $1,000 Bond with all coupons:
$1,000 new 4 per cent Consolidated Bonds, bearing int-rest from Julyl, 1H86, and *700 5 per
cent preferred stock.
General Mortgage Bonds will receive for each $1,000
Bond, with all coupon* |I,000 5 per cent preferred Stock, if paying 2>4 per cent assessment,
or fOOO 5 per cent Preferred Stock if paying no
:
assessment.
Car Trust Certiflcites
will receive for each $1,000
(interest paid to .Uily 1, ISt^e)
ijil.OOO new 4 per
cent Consolldiited Bonds, bearing interest from
July 1. 1886, aud $400 5 per cent Preferred
htock if Car Trust Certificate bears 6 per cent
interest; or $H(>0 5 per cent Preferred Stock if
Car Trust Certificate bears 7 per cent interest.
Capital Stock will, upon payment of
per share,
receive:
$100 new Common Stock and $16
5 per cent Preferred Stock for each share of
^
Provision
made
in the plan to issue Prior Lien
Mortgage Bonds, if payable before
maturity, for buying equipment if car trusts do not
assent, and for replacing assessments if unpaid.
For full information as to the terms and conditions
of the plan, reference is made to the circular and
agreement, of which copies maybe obtained upon
Bonds for
is
First
application at the following offices
possesses the only practical system for
establishing leleRrapliic communlcRtion to and
from moving trains, and
railroad managers.
is
highly indorsed by
>vm:. c. :n^oy^es.
No. 21
NASSAU STREET.
NEW YORK.
The Largest, Best Appointed and Most Liberal!}
Managed Hotel In the City, with the Most Central
aad Delichtiul Location.
HITCUCOCK, DARLINa & CO.
IntsxtBtf glwijftetijfts,
W
Sec.
ESTERN UNION TELEGRAPH
NEW
YORK,
No. 49 Wall Street.
WILLIAM WAGNER, Secretary of the Denver &
Rio Grande Railway Company, 47 William St., and
A. MARCUS, Secretary of this Committee. Room
17, No. 52 Exchange Place.
Respectfully,
GEORGE COPPELL.
THEODORE DREIER.
I
|
MARCOS.
Committee.
J^0. LOWBER WELSH,
R. T. WILSON,
J
A.
;
I
Choice Investment.
Peml-annual interest paid regularly, July and January 1. The six per cent debentures of CENTRAL
RAILROAD & BANKING COMPANY OF GEORGIA, a road that has never defaulted on any of its
obligations, and earns as well as pays dividends on
itastock. I have $50,005 of these debentures which
1 can sell lower than they can be obtained elsewhere
Augusta Georgia.
COMPANY. New York. June 10. 18S5.
UIVIDEND No. 72.
Diroclora have declared a quart erlT
dividend of ONE A.Nl) O.VE-HALF PEK CENT
Dayton& Ironton RR.Co
MOBTGAGB 6 PER CENT
FOBTy-TKAR GOLD BONDS.
ISSUE, $1,700,000. LIMITED TO $11,000 PER MILE
ARE OFFERED FOR SALE AT PAB AND INTEREST, AND FULL INFORMATION WILL BB
GIVEN BY
The Corbin Banking Co., Neiv ITork.
E. Rollins Morse & Bro., Boston.
FIRST
The Board of
capital stock of this Company, from the net
earninKS of the three months ending June iJOth inat.
payable at the office of the Treasurer on and after
the iDth day of July next, to shareholders ot record
on the 2Utll of June instant.
The transfer boolis will be closed at 3 «'clock on
the aftfimoon of the 20th of June Inst., aud opened
on the morning of the 2d day of July next.
R. II. KOtJHESTBR Treasurer.
upon the
:
THE UNITED STATES TRUST COMPANY OF
This com-
IN
Fifth
meeting, and acting in co-operation with the EogItsb, Scotch and Dutch Committees, respectfully
submit the following extract of the plan adopted by
them, and request the above holders to deposit their
securities In accordance with the same with the
United States Trust Company of New York, No. 40
ofTers for sale a limited number ot shares of the stocli of the above com-
BROKERS AND DEAl,ER8
B o IV r>
Rio Grande
$100.
W. ROCHE.
City Comptroller,
pany
pany
Flagg,
Duncan Btiilding, Cor. Nassau & Pine Sts.
KNTRANCH
OF THE
&
The undersigned
&
Reed
and address
for particulars.
MOEGAN & BRENNAN,
CERTIFICATES
:
W, D. CORNISH. Chairman,
THIRTY
Per Cent Real Estate Bond and Mortgaee
Loans. Principal and Interest payable in Gold.
Call
St.
over
choice selection of Seren
N. Y.
IN
ha?, since its organization, paid losses
Mortgage Bonds.
BROADWAY,
RAILWAY COMPANY.
THIRTY (30) YEARS FROM
MAY 1, 18S5, ON THE FIR~T DAY
The Committee of ReorKanization of the Benvor
& Rio Grande Railway Company, appointed in public
OP MAY, A. D. 1915,
PAYABLE
This company commenced business in 1S4I, ia tbe
oldest Marine Insurance Company in tlie State, and
7 Per Cent Gold
CO.,
N. Y.
ST.,
Denver
3
OLIVER HARRIMAN,
B, N. TAILBR,!
TRASK &
BROAD
Free 'Wagon Bridge across tlie ITIissIsslppl River at Robert Street,"
of the City of St. Paul.
City Bonds,"
WM. LUMMIS,
KUWIN EINSTEIN,
D. MORGAN,
18
TO THE HOIiDERS OF
STOCK, BONDS AND CAR TRUST
Mark bids "Scaled Proposals for
are In favor of enforcing all their rights under
the mortgage, and of securing to the bondholders
o«ner8hip of the property which the mortgage
corers, at the earliest possible date, please call on
or address BREDEKIC TAYLOR, Chairman, Room
9, No. 7 Nassau Street, New York City.
FREUERIC TAYLOR, SAMUEL 8 SANDS,
&
120
Committee of Wavs and Means
who
Cts.
KOVIVTZE BROTHERS,
(COUPONS ATTACHED,)
BUFFAEO
FIKST MORTGAGE BONDS
Pr
under an Act ot the Legislature of the
State of Minnesota, approved Nov. 12, 1881
(spc'rial session), as amended by an Act of the
Legislature approved February 14, 1885, and
under a resolution of the Common Council of
the City of St. Paul, approved April 6, 1885,
" for tlie purpose of the construction of a
NEW YORK WEST SHORE &
W.
PAUL,
leetied
or all bids.
HOLDERS OFl
16
ST.
Per Cents.
Ind., i}4
FOX SALE ST
SPEIVCER
OF THE
tion of tlic Territory ten years after
date.
1, 1885, running twemy years, and payable at llie option of the Territory ten
years after date.
All f above bonds bear 6 per cent interest, payable
semi-annually on the first of Jan. and July in each
yearatthe Chemical National Bank in New York
Marlon County,
Citj of Minneapolis, Minn., 4i^
City of Omaha, Neb., 5 Per Cents.
^soo,ooo
(5)
SUITABLE FOR TRUST FUNDS.
J
Thursday, the 25th day of June, 1885,
School of MinesBonds, bearing date July
$10*000
Choice Investments.
)
Sealed proposals will be received at the oBice
ot the City Comptroller, until 3 o'clooli P. M,
FIVE
XL
Sfitxattcial.
City Comptroller's Office. City Hall,
City of St. Pacl, Mnne8ot».May 30. 18S.=>.
for Deaf Mutes Bonds,
S!16,000 Dakota School
[Vol.
Moore
&
Schley,
MEMBEB8 NEW YORK STOCK EXCHANGE
,26
BROAD
NEW FORK.
ST.,
Private Wire connection
adelphla,
Baltlmf
f
Tvltli
Boston, Phll-
and Washington.
—
)
financial;
xtmtk
HUNT'S MERCHANTS' MAGAZINE.
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATKSl
VOL.
SATURDAY, JUNE
40.
O ONT
E N T 8.
THE CHRONICLE.
1,042.
we began our
record in September, 1884, and that
week ended December 8,
York Stock Exchange ahare transactions bare rtacbad
once since
was
NO.
13, 1885.
in the
New
69i Cotton AcrpHKe, Stand and
696
Condition, 18»S
701 a market value of $45,000,000, against $188,000,000 for tb«
rh»ns<>» i" Trunk-liiK^ Trafflo. 697 Monetary
and Cummerolal
Ballroaii EarnliifrslnMay, and
EnKllsIi News
70S week last year, and if we deduct double these values from the
from Jan. 1 to Mrtj- 31
698 Comuerolal and Mlsoellaneoua
total New York exchanges, we have $378,000,505 and $844,NewR
709
943,098, respectively, as the exchanges otherwise arising, or an
THE BANKERS' GAZETTE.
Money Market, Foreign ExQuotations of
Btooka and
increase of 9'6 per cent, thus indicating tliat outside of stock
oh.nge, U.S. Seourltles, State
Bonds
712
ant Railroad Bonds and
Local Securities
713 speculation there has been a considerable improvement also at
8t oka
710 Railroad Earnings
7U New York.
Raui • In Prices at tbe N. Y.
luToatincnt and Kaiuoad In8U o t Exchange
711
telllgeuce
715
(TMkSaSiatJratSOi.
WUk WitUm t Jvmt S.
ClearlnKHonne Retnrns
The
KliiMiiclal ailniitlon
I
l
I
j
i
THE COMMERCIAL
71S
719
Ooicmerolal Epitome
Cotton
TIMES.
I
Breadntuffs
721
I
Dry Goods
72,5
1S8B.
New York
1884.
f4e8.877.iW9
IPtrOmt.
I
(Cbtton....6alM.)
(lW,4aO)
(234.900)
(-70S)
(-190)
iQTain...l»uMt)
l!M. 124,0001
(28,293,000)
(-rSO^I
CPMroltum-Uite.)
(*3.a78,000)
(90,7M,000)
(-80^
(7*3.967)
(Stocla....fkara.)
is
pitblMed in
2iew York every Saturday morning.
[
Entered at the Post
Office,
New Vork, K.Y., as second class mail matter.
Terms of Subscription— Payable in Advance:
For One Year (InoludiuK postage)
ForSlxMouths
do
Annual subscription In London (Including postage)
do
Six Mos.
do
do
$10 20
6 10
3.2 7a.
£188.
These prices include the Isvestors' Sitpi'LEment, l8.«ued once In two
months, iiud fiimishcd without extra charge to subscrlbeis of the
CIIKOSKI.K.
Sul).«cri|ition8 will
be continued imtil definitely ordered to bn stopped.
The puhlUhcrrt cannot bo respousiblo for reniltlancos unless made by
Dralts or Po.-^t Otiicc Money OiiUrs.
A neat till' cover is furnished at 50 cents; postageon the samels 18
cents. Voliuncs bound for subscribers at .i!l 00.
Ofllces In Kngland.
The office of the Commehci.vi. asm 1'i.nanciai, Cimosrct-E in London
Is with Messrs. Edwaiuis & Smith. 1 Drapers' Gardens, E.C.. where subflcrlptioii.s
anil advertiscnientH will
be taken at the regular rates, and
Bingle copies of the paper pupplicd at Is. each.
ThcolUceof the Cii ko.mci.e in Liverpool is at B 15,
WII-LIAJI D. DANA.
JOIIS G. FLOYU.
Exchange Buildings
merely by compariaon with a year ago, but in other
true that the total at
New York
respects.
fails to
;
total for the
«ei,488,928
a.«a,4oo
i.ao6.aoTJ
3,989.200
1,846,986
-H4-4
-8-7
-2-4
NewHaren
ijaoo,Booi
1,163,291
-(«
Portland
Worcast«r
1.089.388
891,534
-f28-2
Sprtngfleld
7(«,48l
I/OW*U
Total N. Engluid
Philadelphia....
PltUbartt
Baltimore
Total Middle...
Chleairo
Clndnnati
Milwaukee
Detroit
week
outside of
New York ($279,902,976)
la
the
Jargest yet presented this year, »ad has only been surpassed
St.
St.
NewOrleaos..
LonlarlUe
Kansas atj
Memphli.
Total Sootbem..
SanFranolaoo
New Tork
(-8S«/
(38,998,000)!
;+8S-»>
(-44-4>
I46J88.I29
-n
8,690,400
-•0
1J81.18I
908.8SS
S9S.aoa
806.918
-u-«
-8^
-fro
+*»
477,705
-89
981.181
8ie,4k7<
180,068,051
|71,040.e«4
-fl2-7
|6S.0I0,K4'
t&3,7S4.947
7.042.493
|S6,287,79»
6,999,981
—4-8
|St,at7.810
-I-
-tl-0
-IS*
1-8
-••3
I1J108,040
11,729,809
l^,9a^93a
t72,S28,74S
$76,186,«S3
-4-8
•49,81S,S«1
162,148,709
((.louaoo
5,131.933
193.637,949
9.2g2,!S0
+19-9
•S4.8IT.67S
-H-9
4.298.678
-rl9-8
6,718,a90J
8,788.106
2317,064
2,743.868
1.SS5.718
2,288,841
1,78'^,029
-19-8
880,987
2.343,099
-8^
U08.WI8I
1,098,807
830.9S3'
-7
-M-S-
785,490
1.297.482
-m-s
-son
«i«,:8S,eiw
$78,861,155
-(-11-9
IS0.8T2.7T;
t1 9. 160,683
1.041.712
tl4.659.32!)
-^s4
«19.0rtt.4S»
730.787
-H48
8,192.851)
5.794.914
-10-4
B7«.777|
4,708,652
4.898.473
4,790.998
962,978
9.698.582
-14-8'
8,n08.l79f
3.S(IU,37»
+34-3
4.484,9891
841,814
-)-18-S
|81,g67.a»7
t3I,S01,77e
S8?,0«B,967
-ts-1
t9.939.10i
110,381,918
SI0.887.41o|
-rts«
ti90,g«4.aoo:"
-^il
1.388310
-ISO
-19-1
-»*
•fsso
4«M
aesjai!
-19-S
|7««,780^l JW6j9l7,8M
ToUlall
Ontslde
(-sm
(31l.a00)i
-H»-l
1,S27.3S2
Lonli
Joseph
(87W42I
((•.408.700)'
727.036
718,44k
49S.240
7S0.7«i
Total Western...
reach the figures
It
of the week ended with May 23, but the difference is only
$2,500,000, and as we have now reached the period of the year
when clearings always begin to show diminution, this decline
is immaterial.
In the country at large, outside of New York,
the exhibit is decidedly satisfactory. Following the strike of
the iron-workers, stopping many mills and throwing out of
employment thousands of men, a decline in the volume of
exchanges would have occasioned no surprise but, instead of
any falling off, there is a very handsome increase recorded
all the more gratifying because scarcely expected.
The returns for the week ended May 30 in most cases covered only five business days, so that in order to ascertain what
cities show improvement it is necessary, except in a few
instances, to compare with the returns of May 23. Doing
this, we find that with the exceptions only of New York,
Providence, Pittsburg and San Francisco, every city has made
some gain, and further, comparing with 18S4, it is noticed that
out of the total of twenty-seven cities fifteen exhibit figures in
excess of a year ago, and that at the other points the percentages of decrease are much smaller than lately recorded. The
IS
(70.28e,86fi
ProTldenoe.-...
Boeton
Peoria
The exchanges during the opening week of June were distinctly more favorable than those for many weeks past, not
(2,437,846
Hartford
)\fILLIAIfI B. D.VNA & Co., PublUlierN, Indianapolis
S
7» Jk 81 Willlain Street, NEW YOKK.
Clereland
Post Oki-ice Box 958.
)
Colombiu
CLEARING BOUSE RETURNS.
-trt
IS49.SI7.8S7
Saia 0/—
The Commercial and Financial Chronicle
i.PmOmt
isas.
-si-9
|e«O,»4S,0V8
+5*
>a:o~90j,t>7ii
of exchanges for the five days, as received bytelegraph, in general exhibit quite marked declines from the
figures for the preee-iing period, and in no instance is there
The returns
any increase recorded over the
totals for
JtM Ai«> AKltof Jkiu
1884.
lasB.
I8S3.466.67S
|43e,4ao.aaT
(697.9891
11.647.063)
Boston
81.448,709
51.768,876
PhUadelphU
84,309,748'
40,Cl81,»79
8,420,4981
Now Tork....
Sam of Stock
(•»•.)
Baltimore
Cbleaco
8t.JU>nls
New
Orleans
Total
Balance, t'uunirr*
Total
all
OoWdeNewTorX
'JMimatodon
o
ti:
1^4.
18.
PwOm*.
-t]-4
iJleeDVJtaSVJMH 9
isn.
[PtrOmt
-tMga,«7o.7*tt'
-i»i
(-67^1
-0-6
—16-1
(788,9071.
(-Om
88^886.010
-M»4
9,479,868
-III
lo.su^nsl
85,O89,O0W
*64>7.00e
-OS
11,818.980
4,431,784
18.488,441
^«96,83e
—4-0
-10-4
(476,986.918
1600.746,180
-18-7
61X8.788
OO.OaSb'M
+1*
8680,806,001
*^*»'f^
$l«il.K<y.4^'
82na.«7.'<.33fl
tiaali
ol
«T,i4aiiaii
+1-4
s,nts8»
IBOi.osN,*nj
4«,44S.M6|
^"^
iM kwt weokifiotani.
t8S4.l0t.IIOl
~w*
-»l
***
THE CHRONICLK
696
" gently.
THE FINANCIAL SITUATION.
A much better
" I
feeling prevails in financial circles than
has been apparent for a long time.
"We referred
to the
[Vol. XL.
Meantime,
I
have no hesitation in saying that
is much better than an
and wheu Mr. Warner presents a
think a hundred-cent dollar
" eighty-five-cent dollar,
" plan
with the object of giving us a dollar worth one
hundred cents he should not be abused nor his plan
The truth is, that the public has for months " condemned hastily in advance. It is worthy of considsince then.
been looking forward to the summer with no little solici- " eration and respect. You may put me down as decidedly
tude.
If while we were piling up a trade balance of 150 " in favor of any plan which will substitute a dollar worth
million dollars, foreign exchange kept only just below the " one hundred cents for one worth only eighty-five cents.''
gold -shipping point (conditions that have ruled since before That strikes us as being a very sensible position.
Besides,
the first of January) what, it was generally asked, can we wherein consists the danger from a measure which pro-
change in tone
last
week, and
it
has
made
further progress
"
expect but a large outflow of gold as soon as the bulk of
poses that the
our crops had been moved and exports correspondingly
value of the bullion, and that in certificates
The
Government
shall
only give the market
with limited
excited was
due legal tender, when the owner of the bullion can dispose of
chiefly to the effect it might have upon the Government it anywhere at the very same price and get gold or currency
in its critical situation as to silver payments and the which is full legal tender.
In such a provision there is no
shock to general confidence which weakness there would inducement for offering the bullion to the Government, as
reduced.
fear
an
such
outflow
cause.
the holder can
Unexpectedly,
however,
has changed.
the time do
all
better
The not the law therefore be simply a
outside.
Would
mechanism
change consisted at first in merely a strengthened belief in devised, with the force to set it in motion wanting ?
the Administration and in its conduct of the Treasury Machinery will not move without some kind of power.
Department. Tliat has now turned into a feeling of entire Mr. Keely has been making such an effort in the mechanconfidence in the ability of the Secretary to meet his cur- ical world for years, but this week has recorded his utter
rent obligations and put us into the new year without failure.
A currency machine is subject to similar limiembarrassment. But added to this, and above all other tations.
influences in importance, are the accumulating evidences
Our foreign exchange market went all to pieces on
of a purpose in the party the Government represents, to Thursday.
What we have said explains the cause in full.
speedily relieve the country from further silver dollar It is very likely that the market will recover tone soon,
all
this
And
coinage at the approaching session of Congress.
as in the latter half of
1878,
when
it
began
to
just
for the decline has been extreme.
dawn on by
piece
of
Natural reaction, aided
a moderate inquiry from importers, ought to steady
it
January was for a time, especially since our export movement is so
assured (for up to July, 1878, very few thought it practi- much smaller than it was and must remain so during
cable) a revival of confidence was apparent, so now capital- summer months.
But as stated last week, it cannot be
ists are beginning to anticipate results.
long before a liberal supply of drafts against the new crop
the public that resumption with the
The
first
of
was the dechne in foreign of cotton will be offering, so that any reaction is likely to
be said that the lower Bank be temporary. Then following that, are the fall months,
of England and open market rate for money, induced that with our usually large' merchandise exports; hence if
movement. Undoubtedly they had their influence. But present confidence continues, we ought to receive very
first
exchange.
think
a
indication of
We
know
moment
it
—what
this
will
sent the funds which represent
in this connection
been made this week upon the suggestions of Congressman
Warner respecting a new silver bullion currency. Our
that the crop, taken as a whole,
last eight
And
considerable consignments of gold during that time.
months to London ?
"Was it not the very fear and solicitude we have referred
They certainly did not go because they could earn a
to ?
better interest there, for money in the open market has all
the time been about as high and some of the time higher
here, and has now declined at New York concurrently
with the decline in London. Our interest-paying banks
have just reduced the rate they pay on deposits to 1^ per
cent, and will take no new accounts at that.
There is
to-day, therefore, no such difference in the earnings capital
can obtain in New York compared with London as would
induce its flow to this centre. The real and only fact is
that the fear and solicitude which was felt is being
our trade balance during the
is
it
not a suggestion worth President
Cleveland's consideration, the
gress
together
thing
in
an
by
the
industrial
propriety
of
first
way
nowr
it.
Business
Con-
Every-
depends upon
speedy repeal of the Silver Coinage law.
worse state than we ever knew
of calling
October.
is
the
in a
Every merchant or
manufacturer will admit that the strain is very severe.
We believe that if this is continued into the middle of
next year, past disasters will appear as nothing compared
with what
is
in
store for us.
The usual
session begins
with December, so that in the ordinary course of events
no legislation can be effected until 1886 is far underway.
But with a start in October, business interests could soon
removed, the restraints that held it in London are giving know what to expect, and if the needed relief came, the
way, and it flows here naturally, and will come in much New Year would open with a vigor in every department
larger volume as soon as the event which now looks so of business which would surprise many.
promising is assured.
We give on subsequent pages our annual review of thi
Much comment, and the most of it unfavorable' has cotton acreage and condition for this year, which indicat(
was in magnificent condi
showing a better start than for"
feelings do not quite accord with the prevailing sentiment several years past.
The same is the tenor of the Governon that subject. To our mind, Mr. John A. Stewart, ment statement and of all other reports. This is a very
President of the United States Trust Company, in an inter- important feature in the industrial situation, and it is well to
view this week in the Herald took about the right posi. remember it in connection with the poor wheat crop which
tion on that question.
He said that he intended to defer js just now promised. If we should raise \h million bales
speaking about Mr. Warner's proposition until it came more of cotton than we did last year (worth, say, fifty dol" When it is lars a bale, or 75 million dollars), besides more corn, and
before the public in a more definite shape.
" presented to us in the form of a bill to be submitted to oats, and flax, &.C., the loss of 150 millions of wheat would
" Congress," added Mr. Stewart, " then we shall be better be more than made good.
Of course such results depend
•'prepared to consider it carefully and discuss it intelli- upon future weather, while the loss in winter wheat is
tion
on the
first
of June,
.
June
THE (CHRONICLE
18, 1885.J
already assured, but witli our largo surplus ot wheat and
corn and provisions from the old crop, and with present
Thera
is
oo
697
mw
fMtaro
in
mmtj, which
M tb*
Sloak
Exchange can with dimculty bo Io*oed at I par
cani on
indications all favorable except as to wheaf, the public can c»U,
and there seems to be a plethora of funds at
WaaCaro
well aflord to await the development of events.
The June cantres, notably at CUcftgo. The
domustic excbangaaat
cdiulitiou figures of winter wheat have been issued this
intarior poinU sUU favor Uio movemaat
of currency to tbia
week by Ihe Agricultural Department, and we give them city.
The following sUtemant, aada op from ratons
below, having brought together similar figures for pre- coUecUd by us,
cxhibiu tha racaipU ud sbipmaatoof
vious months and years for comparison.
gold and currency by tha New York
bMikt during Um
week.
OoniUtion
of
ISM.
1881.
Winter
Wheat.
.tpru
May'jant AprU Uny. Jwte ApHl\ Hay. Jxmt
Iprtt May.\
WtAnMnqlum
In
1»,188S.
Stt
.V.
Ohm
SB
A3
40
&8
BO
04
58
88
7-1
Indiana..
Illinois
78
oa
78
60
M>
90
..
Missouri..
Kansas..
Michigan.
Callfornin
sa
07
04
70
W)
100
103
110
91
101
100
113
103
UO
104
11.1
01
03
108
108
104
103
00
as
87
98
90
88
77
81
Wi
107
lOS
110
76
84
00
113
Ore CO...
New Vork
10«
M
91
C8
Pennsjl'a
Tennes'ee
81
48
ea
B6
67
48
74
50
100
Maryland
Virginia..
Texus
97
09
9?
98
100
9t
109
104
109
i
111)
I<I3
The
80
8SH
tts\nsat>
r.
IMV.OOO
Oold
08
The above shows
lt.8io.ooe
93
78
.iiiniMa
the actual changes in the bank holdiags
and currency caused by
of gold
WM.OOS |<Ma..tt.St«J0S
movement
this
118
109
100
liaiB.
lM«
Total gold and lacal t«nd«n..
li)0
1
Bt oiu.
I
'
At. whole
coantry.
Coirenoy.
to
and from
the interior.
In addition to that movement, the banks have
lost $1,000,000 through the operations of the
Sub-Trtasury. Adding that item to the above, we have the following,
which should indicate the total gain to the New York
Clearing House banks of gold and currency for the weak
covered by the bank statement to be iaaned to-day.
s'ock market has sympathized with
the better
outlook and shown increasing strength during
financial
WWk mUnt Jam
IS, 1888.
tnlo Alniks.
Outa/Amta.
iTst
0»aa««<«
AnUiraMii^
No effect whatever was produced on prices BanU' Interior Movement, as above ta.sio.ooo
ta»4.ooo Oaln. «I.»1«.000
B.SOO,000
O.MO.00O Loaa. I,oao/M0
by the resignation of Mr. Gladstone and the change in Sob-Treunrr operations
Total gold and lenal tenders....
t7.8in.000
18.894.000
Cain.
ISI0.00O
the English ministry.
There was a feeling at first that
The
Bank
of England gained £431,000 bullion during
the event might have an unsettling influence upon the
London and Continental markets, and perhaps again dis- the week. This represents £.51,000 received from abroad
and £380,000 from the interior. The Bank of France,
turb the relations between Great Britain and Russia
but
if correctly reported, increased 28,862,000 franca
the prevailing disposition not only in England but
gold and
throughout Europe to look upon the transfer of power to 1,123,000 francs silver, and the Bank of Germany, since
new hands as having little significance so far as present the last return, gained 4,880,000 marks. The following
negotiations are concerned, soon removed all uncertainty indicates the amount of bullion in the principal European
hero and left our markets again wholly under home influ- banks this week and at the corresponding date last
the week.
;
Thus situated considerable strength has been
apparent and prices have advanced.
ences.
There have been further
year.
toward a settlement of
the eastern pool troubles, but not much progress has been
made, a disposition being apparent on the part, of the man.
Bank of England
agers to
let
binations
the Central Traffic Association perfect
among
the western connections
lines before the latter
June 11, 188&.
Juna
SoM.
«oM.
12, 1884.
efforts
its
com.
trunk
of the
make any determined effort toward
own troubles. Indeed, it would
an adjustment of their
Bank of France
Bank of Qermauy
BUttr.
a
27.503.049
24.886.531
45.319,408 43,122.656 41,465,454 40,V48,77O
7,670.750 23.012,250 7,929,500 23,788,500
. .
total this week
Total prevlons week
80.193,207 (i6, 134.906 74,281,485 64.337,270
78,843,927 65,906,963 73.912,063164.340.954
.
The Assay Office paid $83,258 through the SubTreasury for domestic and nothing for foreign bullion
remains open, for the railroads cannot compete with water during the week, and the Assistant Treasurer received
routes over which grain is brought from Chicago to New the following from the Custom House.
seem almost impossible for anything
way
of a restoration
York
to
be done
in the
freight rates while navigation
for less than 5 cents per bushel,
and there is not
higher grades of freight to divide
the lines and enable a uniform tariff to be main-
business enough
among
of
all
in
tained.
Possibly by the fall, or even before then, there
may be a permanent change in the management of the
West Shore, which will materially aid in the settlement
of the trunk-line freight
and passenger complications.
It
Oomitting of—
OoM.
eold.
Jaoe 5
«
6
"
8.
"
9.
reported that
Mr. Cassatt will
receivership of the
tions are complied
roatl,
take
and
this is thought to
The new committee on
its
11.
TMal.
of
which
40
41
33
61
eM4
Koltt.
OwH/U*.
aUmrOtrmUalm.
$1,000
4,000
3,000
2,000
1,000
1,000
•68.000
84,000
171.000
105,000
50.000
76.000
$115,000
102.000
116.000
139.000
32.000
251.000
$119,000
98.000
170.000
»12.000
Sn5t.000
$751,000
«<r74.000
1U.O0O
108.000
Mr-
•1.993.435 72
I!
'.48.000
__
CHANGES ly TRUNK LINE TRAFFIC
^H
be an
disordered finances.
reorganization,
375,9,'(1
01
00
v.a.
the
provided certain financial condi.
with,
important step towards rearranging
Frederic
consent to
9303,283
287,432
466,792
367,821
192,249
" 10
••
is
DiUies.
The Railroad
Grazette
has gathered .some interesting
showing the
It is combondholders,
and as they propose to urge fore- monly supposed that all the troubles in the railroad world
closure] proceedings with the cooperation of the trus- am due to the introduction of new competitors and the
tees, they claim
that they will succeed in getting a omsequent lowering of rates. Undoubtedly, this has bean
decree of sale early in the fall. There appears to be serious a very important depressing influence, but the figures
trouble in the Trans-continental Pool, growing out of famished by the Gazette show that it has not been the
dissatisfaction with the recently awarded percentages, but only unfavorable influence. According to it, the following
of
success
Taylor
in
these differences
is
chairman,
obtaining
a
are
large
may be composed by
very
sanguine
representation
arbitration.
of
statistics,
state
of
obtained from Mr. Fink's
office,
trunkline business in recent years.
b«B been the eastward movement of
alt
freight except
U^
'
THE CHRONICLR
t)98
stock and dressed beef, from the Western termini of the
Eastern trunk lines to the seaboard
cities
New
of
York,
Boston, Philadelphia and Baltimore.
The West Shore
and the Lackawanna do not report to Mr. Fink's oflGce,
but the Gazette estimates that the latter carried 237,000
tons to the seaboard in 1883, and the two roada together
012,000 tons in 1884. With this allowance, which it con-
pOL. 33,
and the Dominion"; and by deducting from these
shipments the seaboard shipments,
as the
JBaat
movement
Sound.
Tons
outside of that to the seaboard.
1880.
lasi.
1882.
1883.
18S4.
3,060,062
2.809,094
4,225.285
4,665,432
4,226,808
Hence there has been a very great gain
in these ship-
ments, which are stated to be exclusively for
]
siders liberal, the figures stand thus.
Sist Bovnd.
Tons moved
Here we
sumption.
1880.
1831.
1882.
188S.
7.484,246
8.258.HS4
6.487,677
5.637.211
1
1884.
5.2ii2.SRn
see that since 1881 there has been a falling off
in the shipments of nearly 3 million tons, or over one-third.
It
is
noticeable, too, that the greater part of this falling ofE
figures.
when
occurred Just at a time
though
this latter
has to be added for local shipments by the Lackawanna
— that
decline
4,225,808 tons in 1884, and
con-
1880 we'
440,000 tons smaller than in 1883 it is with that
exception larger than in any other year given, and it
should be remembered besides that some small amount
and
a tremendous
home
total of 3,060,062 tons in
total is
occurred in the very next year after 1881, namely in 1882
is,
Against a
now have
tot^l
gets the following
it
West
which
Shore,
The value
not
are
of this statement
included
in
in the
lies
the
demon -
new lines began to come in as a disturbing ele- stration it offers of how little comparatively the conConsequently the old trunk lines have had three suniing capacity of local sections, and also local
distinct depressing forces to contend with:
(1) a great industrial activity, was impaired during 1884, despite the
diminution in the volume of this kind of traffic; (2) a great depression prevailing. In other words, we have here
the
ment.
—
greater
number of
t^ae
it among; and (3) lower evidence of the great inherent and independent strength
The Gazette has separated which most of our industries possess. Evidence to the
lines to divide
rates than ever before
known.
showing how much same
freight into classes, with the idea of
of the decline has occurred in the two principal classes, the
effect is
found in the west-bound shipments, which
more clearly than any-
the Gazette truthfully says "show
seventh and the eighth, the former including provisions thing else the prosperity of the community as measured by
only, and the latter Hour and grain.
Here is the result its ability to purchase goods." On that point the followarrived at without, however, including the tonnage of ing is the west-bound through movement from the four
—
the
Lackawanna or the West Shore.
1880.
1881.
1882.
1883.
014,318
6,455,544
076,791
8,579,565
7,31,829
5?B,857
3,074,000
3,163,458
1,114,3H4
865,522
5,502,548
1,800,784
1,231,321
993,383
940,265
1,484,248
8,358,834
5,487,677
5,400,211
4,680,580
Tons.
Seventh
Eighth
other classes..
Total
seaboard
1884.
fiour,
West Bound.
1880.
1870.
Tons
1883, whose shipments
1881.
has been some falling
sure, there
but this
much
years,
1881, shows the intimate connection existing between that
indicate, for, as the Gazette points out,
and the subsequent decline in the classes of traffic
dependent upon the crops. The conditions for that traffic
have never since been as favorable as in 1880-1. Certain of
the crops have been as large, and even larger than then,
but where that has been the case this favoring influence has
been offset by a lessened demand for these products from
abroad, and of course every one understands that the shipments to the seaboard cities fluctuate in great degree as
1882 (the
disaster
The Gazette also furnishes
movement of live stock
the
to
is
known
that there
has been
great development in the live stock trade in recent years,
in contradistinction to the course of things in
lines of industry,
but there
growth and value
is
its
precise
The statistics have until
recently been but imperfectly kept, and consequently the
record
is
incomplete.
to say that
traffic,
to the railroads.
We need
there has been
refer to the matter only
some increase
without being able to state just
how much.
We may
j
1881.
them
last half of
off in
since.
To
the last two
less
1881 and the
both in 1881 and in
first
half of 1882) there
of low class freight on account of the
reduction in rates, and
in part at the
expense of the canals.
totals in those
this was gained
Except for this the
years would probably have been 200,000@300,000 tons
Allowing for
this the decrease
since-
then has,
all
lesS'
things
considering, been quite moderate.
Altogether
it
may
be said that the trunk-line
statistics-
here reviewed show that while there has been a great
decline in those branches
of traffic
dependent upon
the-
export trade, in other classes there has been comparatively
little,
reflecting
close of
a
It is to
1884
much
better
industrial situation
thaa
be remarked, however, that since the
the depression in business has
grown more
pronounced.
RAILROAD EARNINGS IN MAY, AND FROAfi
JANUARY
kind of
in that
is
was a great increase
most other supposed.
no data indicating
1883.
1
than the figures would seem to
of the decrease occurred in 1882, after the crop disaster of
some figures with regard
and dressed beef.
It
1882.
!,.566,05S l,920,5S8l2,157,fl82l2,405.48ol2,118,';86il,922,Kl2
In 1878 the shipments were only 1,288,225 tons, so that
been chiefly in the items of
provisions, and the fact that the bulk be
does the export movement.
being included in
lines
in
there has been a very decided growth in
to the seaboard cities has
grain and
Lackawanna
in that year are estimated at 150,000 tons.
It is clear therefore that the great falling off in the ship
ments
both of the new
cities,
1884, but not the
1
TO
MAY
31.
Railroad earnings, as reflected in the statement belo'?
quote our contemporary, however, to the effect that the for the month of JNIay, show no signs of improvement,)
largest part of the gain in recent years has been in sheep, but on the contrary develop an unmistakable tendency in
which previously made but an insignificant showing.
The number of roads recording a
the other direction.
What we
consider by far the most interesting part of
the Gazette's tabulations,
what the movement
is
it
attempts to show
to local points has been.
above relate to the seaboard
stated, the
where
The
cities alone, and, "as
figures
has been
movement
decrease
tions
is
growing
larger, the
amount
heavier,
and
sec-
heretofore exempt apparently from the influence of
declining earnings
are
now no
less
conspicuous in the!
downward movement than the rest.
There have been this month no new general
at work, the movement of the crops operating
there is closely connected with the
influence:^
In addition to the east-bound shipments to
in several
the seaboard cities, the Gazette has also obtained the total instances in favor of railroadtrafEc, but the general induseast-bound shipments from the western termini of the trial situation has grown no better, and the effect has been
trunk lines, which latter shipments, it says, include " the that all merchandise operations have been conducted on a
export trade.
BuppUesfpr the Eastern
States,
and juuch for the South
very restricted
scale,
and with even greater apathy than
..
June
THE CHKONICLE.
IRM.J
13,
many
—
this
utter stagnation in
marked evidences
of
its
branches grow
different
industries
all
lower
rales,
w^tt9 Mttf%tM0§.
thus leaving
Samt tf M»a4,
presence in the reports of earn-
among
Eastern trunk
the
18SS.
lines,
but
How
railroad returns
shown by the following comparison
of the
N.
Vlt
_,
iHcrttiH or
Ptrtod
1896.
1884.
18SV
1884.
XUa.
Mtttt.
«
«
81,4K5
40,579
49,164
43,«24
44,149
43,537
50,846
4s.3ea
45,013
44,817
(»8 roads)
April (51 roads)
(5t) roa.ls'"
Thus against an increase
Dttrtnn.
lll.«68,0«7 Dtc.
Iw.
Dk.
TOa,iH»
945.Hn3
17.798.0;Wi 16.979.809 Inc
13,019,193
.
17,l«K>.874i
16,587,8-'»
17,416,849
18,418,748
1B,«05.,'SSS
17,194.393 Dec. 1,»8.837
of over $800,000 in January,
we have now a decrease of nearly
decrease had also been heavy, but was
still
In* April the
only 1945,000.
In March there was an increase of $700,000. Even in
February, when we had such bad weather, the decrease
was no more than $251,000. This shows clearly enough
that successive monthly returns
But may
more unfavorable.
asked, the totals
year in
last
have grown more and
not,
will
it
perhaps be
May have been
unusually
can be said that earnings
May
last
did not as a whole
4V,W0\
2'.,»0l>
I'ac.
21,500
KS.tOI
40.494
NiACo)...
lOrando.
47«,p20I
.Or. West
7'<,445l
Ft. U.
20.44
Do
173.0001
4i>.732;
•
Oiilf (-1
lU. Ueul.
IT..
42,40al
itn.
1,0!)4.10S,
Fe.
10,',-J»4
(111. I)U-.)...
50T,.%SS
Div.)...
3O0.419
124.8U0
160.006
129,721
91,510
21-.273
1
(.-io.
Do
(luwa lines)
rTnrt. Bloom. iV West.
•Kan. C. Ft. s. * Unit
'K.iii.
<
".
.si».
A
Mem..
I
Niwhv...
I
l,OJ-t,o85
ntral
oh. ii West..
Milwaiiki-H & North..
.M
.
Miiw.
1
9'f.83li
.'0.470;
.Si
.V
.
lUrinio
.
319,700|
.
9."i,950.
L,.
46,775
125,119
MobUeAOlilo
N. V. Out.
Wi-st'n..
149,04.^
& Western..
Northern Pnelllo
137,3 1;2
A:
"Norfolk
b9S,il>3
OUioSunthern
Peoiia Dec.iteEvansv.
Koehe«ter lb IMttab...
Joseiih & Wfst'n.
St.L. A.&T.H.ni.ltne.
49.669
9i>.234
63,0?1
84.395
9t.
Do
St.
heavy, and thus there be a reason in that fact to account
for the heavier loss for that month this year ?
In reply
it
Kv
I
$1,300,000.
88.-ja4|
\at.
J
Ft.W
.
'T.-UOi
llui
;iV(t*No..
Uvuusv,.i(T. Iliiiite .
Flint A Porn M;irn...
L>
•Kin.
«
8!»,i«7
251.S74
lO.-i.l.
I
Unit...
it
A
Enming*.
•
47.'.
"itli.
>
I
Vlrl
I
HtUaij'-
1.87.%.iii-'
1.9".
I'ao.
'
I
May
8••.^6^'
lirt.aso
Ohio. St. P.MIiiii.AO
r.UU: .V Vk'int Mliih....
monthly
of the year.
March
&8l),<)|JV,
(%le.HUw.&Ht.r«u!.
OhIOMia A Ni >rth weat
<
Jnnuarr (10 reads
Fobruury tO»» roade)
S.tw,;iHK;
nva.
aggregates (as taken from our tables), with the increase
or decrease recorded in each of the five months since the
first
A Slo..
':'>p.
loollla
have been gradually growing poorer, and how very much
worse the present exhibit is than most of those preceding
best
Tun. A W..
Ii>o«
CUswodi Alton
which of course has been another Qilo.«
Baatrni (11....
well,
circumstance reducing earnings.
is
MAT.
it
not only
Western as
the
n
less »n<l
should be remembered that this very
condition of things has tended further to demoralize and
In addition,
ings.
6b9
MUMt AMUlOa AXD MOMOa
everywhere have seen
before; consequently the railroads
their business in
less
1
,
t5t.
(hrunohefl).
<lo
I>>iiUFt.8.& Wloh.
L4juiBiS:H>in Fran..
58.669;
319,110'
87.1081
4SS,317|
St.PaulA
Uciluth....
St. Paul .Minn. Ji Man.
•Texas & St. Ixmis ...
Wall. St. IvOuUdi Poo.
'Wisoonsln Central...
43.047
1.069,075
79.257
show any exceptional gain, that in fact the ratio of increase
Total (5G roads).. 15.895.528117,194.366 -1,298,837 44.317 43.537
was very small only about 3 per cent, on an increase in
* Only three weeks of May In each year.
mileage of 10 percent but that prior to 1884 May had for
Four weeks ended May 30.
many years been a very good month for the roads in our
Not Including Indianapolis Decatur A Sprioglleld In either yeir.
table, the aggregate exhibiting each year a marked improveAside from the fact that only 21 out of the 5C roads
ment over the year preceding; still in this respect the month
reporting have any increase in earnings, it is interesting
—
—
t
t
May in past years can hardly be regarded as having
to note that no section of the country as a whole has
been exceptional, since other months gave a similar good
escaped diminished totals, and that the Northwestern sec
account of themselves. It is interesting nevertheless to
of
tion
see
how very
1884 was, and
large the gain prior to
may
it
apparently has
Northwest, the Omaha,
most.
suffered
all
lose
more or
The
St. Paul,
less,
lyid of these
the
reconcile some to the present loss, so we annex
the former two also lost last year, while the Omaha then
herewith a statement showing the gain in ilay of each
had a gain greater than its present loss. The most con.
year since 1880. The number of roads and the mileage
spicuous instance, however, of a decline by a northwestern
on which earnings are based are given in each case.
road is afforded in the case of the St. Paul Minneapolis k
Manitoba, and here the decline has been in progress longer
mitage.
Earnings,
besides
Incremt
rer(0(i.
May, 1880(44 roads)...
May, 1881(45 roads)...
May, 18S3(50 roads)...
May. 1883(50 roads)...
May, 1884(00 roads)...
May, 1885 (ri6 r.iadn)...
than merely two years.
Year
rear
Ttar
Ttar
or
aivm.
Prscniing
Oleen.
Breadlnt.
Deereoie.
UOa.
UOa.
82,006
88,963
42,345
47.260
43,993
44.317
36,949
42,730
89,713
43.537
*
»
S
14,649,613
19,708,654
11,834,041 Inc. 2,815.572
14.242,197 Inc. 2,406.4.17
20,824,492
21,497.067
18,088,831
18.521,352 Inc. 2.303,110
19,663,735 /nc. 1.833,322
17.457,303 ftlc.
S81JS28
15,805.528
17,194,360 Dec. 1.298337
year,
which
see that in 1880 there
was a gain of $2,800,-
since
to Manitoba, the collapse
the opening of the
$2,300,000 additional, in 1883
also in the
$1,800,000
still
more, and
And the present
$600,000 besides.
of $1,300,000 comes after all these heavy gains.
course, the roads reporting are not
and many roads have a
far
the
different
same
loss
Of
in each case
story to report, and
mileage too explains part of the increase, but the general
loses
$132,850 this
1882 in the case of this road, as we have before
and they are found in the diminished immigration
000, in 1881 a further gain of nearly $2,500,000, in 1882
in 1884 nearly
The road
addition to $106,332 last year and $131,-
404 in 1883, making $370,586 together, so that the earnings are now only $488,317, against $858,903 three years
There are exceptional reasons for the heavy decline
ago.
stated,
Hence we
is in
industrial activity there,
in
Canadian
opening of the
St.
Paul
&
and
road to Winnipeg;
Pacific
Northern
Pacific (a
moiB recent event than the others), giving the Northern
Pacific an independent line into
It is noticeable that the
heavily
—in
fact, as in
St
Paul.
Northern
April,
Pacific likewise loses
its loss is
larger than that of
any other road in our table. The decrease reaches nearly
situation as regards railroad receipts is here pretty cor- $400,000, and it is again to be said that this heavy decline
rectly reflected, and the fact of a heavy gain between 1879 follows directly as a result of the large business a year
and 1884 is also conspicuously apparent. We now give ago, when the Cujur d".tUene gold fever raised the comour usual table in which the earnings and mileage of each pany's earnings to largo proportions. With the absence
road this and last year are compared.
of ttis stimulating cause, earnings naturally have dropped
—
.
THE CHRONICLE.
700
[Vol. XL.
—
back again, though of course not to their former figure, the roads running to the Southwest from Chicago or St.
Prob- Louis^again fall behind. The Chicago & Alton loses
before the road was open its entire length.
ably both with this road and the Manitoba, lower rates $64,000, or nearly 10 per cent. The St. Louis tfc San Franwere somewhat of an influence, and probably also there cisco loses $37,000, or almost 11 percent. The Wabash has
was only a light movement of grain over these lines. We a decrease of i$ 13 3, 000, but a good part of this is owing
notice that the St. Paul &: Dulutb, which is like the other to the diminished mileage operated, the court having
made
m
them has a allowed bondholders of several branches to take possesKansas
•decrease in 1885 and also had a decrease in 1884, of which sion of their property under the mortgages.
distinguished
roads
are
again
for
their
good
returns.
The
Duluth
explanation
may
be
found
in
receipts
at
a partial
two roads
lying north of St. Paul, with
of only 122,351 bushels of wheat this year, against 276,176
bushels in the same four weeks of
May
last year.
Kansas City Fort Scott & Gulf, its ally the Sprinfield &
Memphis, and the St. Louis Fort Scott & Wichita all
record- enlarged earnings.
To be sure the Wichita road
Duluth however appears to be exceptional in this respect,
both Chicago and Milwaukee had considerably is operating more miles of road, but the increase in
heavier receipts than a year ago, and the gain of course is mileage is only 35 per cent, while the increase in earnings
since
spring variety of the cereal, as this comprises the
in the
Chicago was
bulk of the movement at those points.
favored also in the matter of the corn movement, which
at that port in May was nearly double that of a year ago-
is
75 per cent.
In the South, the returns as
Down
able.,
falling
&
rado
in
as
off,
Texas of course there
a very decided
is
Gulf Colo-
witness the returns of the
&
Fe and the Fort Worth
Santa
Denver,
The roads that would
the
latter
is
in
great
part
due to
though
loss
on
the
Quincy
corn
are
of
course
the
Burlington
&
of
movement
and the Eock Island, neither of which is in our table the quarantine that has been established against cattle.
but the increase in that cereal must also have been an The Texas & St. Louis narrow guage (one division of
important circumstance with the Northwest, and in a which runs through Arkansas) is enabled to show a gain.
profit
most from the enlarged
minor degree with the St. Paul and other roads in our statement. The Burlington Cedar Eapids & Northern might
be supposed to reap some benefit from it, but its gain of
$17,812 (or 8 per cent) is no doubt to be ascribed chiefly
The Cen.
to the enlarged mileage operated by the road.
tral Iowa is another road in much the same section of
The following will show
country, and this loses heavily.
the
grain
movement
at the leading
played
by
part
the
"Western centres. It will be observed that, in the aggre.
gate, flour, wheat, corn and oats all exhibit materially
enlarged receipts, while barley and rye have only
Among
Southern roads proper, there are a few that have
improved slightly on a year ago, but such prominent companies as the Louisville & Nashville, the Mobile k Ohio, the
Norfolk
&
Western, and the Erlanger roads, are compelled
The cotton movement was
and could not have counted for much
The following, however, will show the
to report diminished
small this year as
either
in
totals.
last,
year.
receipts of the staple at all the leading Southern outports.
KECEIPTS OF
BOHTHERN PORTS IN MAT, AND
31, 1885, 1881 AND 1883.
COTTON AT
JAN. 1 TO
Since January
1883.
AND SINCE JANUAHT
BITDED
MAY
30,
153
131
Savannah
5,271
3,092
13,183
Brunswick, &c
Cbarleston
Port Royal, &o
1
73
1.626
2,421
8,305,
783
887
1.689
&c
Indianola,
84
6
11,768
11,075
719
1,648
Mobile
Flow,
Wheat,
Com,
(busW
{bush.)
Oats,
(bush.)
Florida
Barley,
(bicsh.)
Oiush.)
Chicago—
l,18f-5
500,R80
177,804
2,636.052
1884
1,1(12,41*
4 wkB., May, 1885
4
wks.. May, 1884
Since Jan.
Since Jan.
1,
ifUwaukee—
4 wka., May, 1885
4 wk8.. M»y, l^M
Since Jan. 1, 1885
Since Jan. 1.1884
St.
75a,S«9
1.504,820
7,336,805
3,310,120
682,496
638,409
4,249,848
2,889,120
8,878,7-9
8,945,876
1,058,625' 3,495,137
24,217,073 14,037,882
21,292,989 13,904,860
42,140
5i,800,
230,590
334,730
155,286
287,457
581,842
1,293,183
840,114
198,709
3,498,237
1,814,012
113,613
85,326
659,7.i2
831,686
4wk5., May, 1884
Since Jan. 1, ISS
Since Jan. 1,1884
Toledo—
4 wk»., May. 1885
4 wks., Ma.T, 18S4
Since .Ian. 1, 18s5
Since Jan. 1.1S84
Detroit—
4 wks.. May, 1885
wks.,
May, 1881
Since Jan. 1, 188D
Since Jan. 1,1884
879,828
12.8a8,250
687,299
481,433
2,898.578
10,4:25,389
2,824,5171
2.879
31,8891
140
7,906|
43,419
24.201
144,6921
907,836
1,034,259
65,963
843,133
786,691
23,867
11,485
228.735
137,487
As an
5.f00
7,077
69,488
48,081
16,967
8,260
248.t-67
88,529
48,859
5a. 1 1.7
51,770
1,691.882
1,481,558
1,448.S03|
1,063,184
13,146
11,958
86,254
50,343
69,681
170,322
759,012
465,484
63,300
613.780
449,706
79,500
121,380
359,480
378,696
8,578
9,218
94,970
116,728
8,460
3,820
87,856
23,470
41,215
81.600
165.245
318,355
657,580
653,820
6,132,630
5,185,035
1,043,415
1,141.900
4,477,260
4,619,813
47,200
36,000
873.600
280,200
45,204
42,»24
351,521
873,074
3,698
38,1.54
135,228
18,883!
i7,ias
69,355
191,616
4,232
600
20,530
31,828
West
Since Jan. 1, 1885
Since Jan. 1,1884
44,6001
4 wks.. May, 1884
Since Jan. 1,1885
Since Jan. 1, 1884
loses
is
Total of
$132,805 this year, in addition to $175,613
10,774
but
this
year
The
cent.
another
loses
Cincinnati
piece
of
a
$20,452,
equivalent to
Washington
trunk
road,
&
and
20
Baltimore
this,
too,
has a decrease this year, in addition to a decrease last year.
regards other roads in
sippi
the district east of the Missis-
and north of the Ohio, the returns are mixed as here-
tofore,
but
many
of
them are unfavorable.
having a very marked
In Michigan,
188,218
204.451
declines.
From
is still
upon railroad receipts, and all
in our table record very heavy
effect
the roads from that district
2,866.333
0.092,42(1 6,97i,461
648,164
."192.981
2,419,922
4,006,217 6,647.419
2,784.985
6,010,803 4,829,4.381
645.989
22,188,7201 46,007.25M 22,584,872 6,823,840
Since Jan. I, 18'^5
Since Jan. 1,1884 3,374,547 13,340,003 42,473,081 28,585,558 5,2»0,n76
Since Jan. 1, 1883. 3,675;932i 18,298,2351 46,283,081 19,232,201' 6,744,238
63,624
613,208
606,629
4,015,144
last year.
—
the depression in the lumber and mineral industries
122,3.51
278,176
an-
4 wks., May. 1885
4 wks., May, 18S4
4 wks.. May, 1883
indication of
600
25,480
88,490
202,150
343,285
Duluth2,299,232
880,552
112,07i;
—
As
4 wk»., May, 1885
4 wks., May, 1884
Since Jan. 1, 1886
Since Jan. 1,1884
10,647
1,669
The Alton & Terre Haute (main stem) the Vanderbilt
last year had a trifling increase in earnline to St. Louis
per
12,050
1,!
27,917
2.50,n08
Peoria—
4 wks.. May, 1886
&c
473
71,044
S.05I
9,130
226,642
200
161,347
16.822
87,091
8,794
289,191
77,428
what trunk-line earnings have been,
we have the return of the Grand Trunk of Canada, which
Clevelandr-
4 wks., May, 1885
4 wks., May, 1884
Point,
ings,
313,932
1,120
19
Total.
0,515
9,180
826,678:
350,8871
1,825,008
3,771,468'
827
415.120
55.352
17,698
108,347
9'
178,627
168,638
326,882
2,138,338
2,037,299
1,501
407,868
48,944
25,679
112,58
Moreliead City, &G.
Norfolk
15.054
:M,650
10,524
7,504
51,675
32,913
817,228
3,075
769.033
97,604
Wilmington
1:-I8,962
548,93S!
488,841
1.0.56,240
1883.
127,121
1,537
89,098
2,910
14,815
2,258
143,182
66,118
00.588
258,200
781,921
688.089
3,548.578
2,377,515
73,593:
88,734'
67,355
1884.
9
194
49
1,703,754
1,911,034
Louis—
4 wkB.. May, 1885
4
147,726!
S13,493|
919,815
239,707
1,882
1,881
New Orleans
1.
188S.
26,084
434
49.257
4,578
148
OalTeaton
BECE1PT8 or FLOUR AND GKAIN FOK FOUS WEEKS
1.
PORTS.
1885.
decreases.
FROM
MAT
May.
trifling
Wisconsin, on the other hand, the returns
4'.3,429
1,155,808
1,316.815
1.861,065
are
all
J
a rule are not favor-
favorable.
For the first five months of the year (to May 31) the
The Illinois Central does well both on its Illinois line showing is somewhat more encouraging than for May,
and the .Southern Division, both of which report improved since it includes the more favorable returns of the earlier
earnings, which is the more noteworthy that the road had months, but certain roads have very heavy losses, nevera gain in May last year.
The Chicago & Eastern Illinois, theless, and the aggregate of the losses exceeds the
which also runs from Chicago south, likewise has a gain gains. There is nothing special to be said about this statein earnings, though in this case it is merely a recovery of ment beyond what has been said above or in previous
what was lost in the previous year. On the other hand, reviews. Following are the figures in our usual form.
I
.
June
1
,
1
1
THE CHRONICLE
13, 1885,]
OBOM BARKno* WmOH JAMVAUX
1
TO MAY
701
81.
40HL
NAM!.
Name of
Roait.
Boston IToosao 1.
Burl. I'wliir llap.
(TaniKliun l*iirlhu
CliU-iwi>
Chip,
AW..
A No..
Alton
.1-
('liiiiii;(> .v
I'.Mimi.AOmahM
SI
('111.
iHertau.
Dtertatt.
S
•
•
t
171. Rsn
1.58,717
1.072,32:
2,!sn:),:)7-'
l,547,:ls:
4811.11^
672 24(
Clii.
Wf.it Mich. .
Ind. at. I.. .V ChiR...
Cln.
NfwOrl.&Tex
rt'.J(l..'i5
8.7lli.(MM
8,727,').M
a,038,!i.12
Pao.
478,205
96H,6IH
1,001.791
Al;il>;iiiia (it.
Southern
4M,.'^9il
N'-w Orteallrt
,V
No. E.
2»I..'.i),'V
Clui'iii.'<>
.te
.
uU-hiirvA
.Mi'iliUan.
i72.!t;io
* Pao..
BaliliMore
1H2,H1I
C92.(mi
Akron * t;ol
Denver A Rio Grande...
18;i.9.57
\
Vu'kslmri;
tVaxh.
*Clii.
.Sli.
lb
ClovB.
DtMiver & Ulo (ir. W«gt.
Uea MoiiieH .v l''t. Dodge
Detroit Laiisini,' & No...
Evansv. A T. Iluuto
&
Flint
1!'3,311
6,024,277
(3onth. Div.)
1.880..=S20
(Iowa Div.)..
tlndiana Bloom. ,t West.
'Kan. t^lty Ft. 8. & Hulf.
•Kim. City 8p. A Mem..
6l4,()31
670,:)49
Do
Do
Long
Island
*
Loul.iville
Nashville..
Mexican Central
Milw. L.Slioro
Milwankoe
&
Wo-sfn.
Northern.
.t
Molii.e ifeoiilo...
N. Y. Ontario
Wost'n.
&
A Western
•Norfolk
Northern PaeiHo
Ohio .Southern
Peoria Dec. & EvansvlUe
Eochester & Pitt«l>nrg
8t.L.A.AT.H.main line..
Do do (brani-Ues).
St. L. Ft. Scott* WIch..
923. 4:1(1
0a3,3«l
(5S3.:tOI
8-.5.1W2
.^,788.357
1,587,75(5
8t. I.<inls ik 8. Franoisoo.
St. Paul
Diilnth
St. Paul Minn.
Man...
•Texa.i vt St. Louis
Wabash St. U.
Pac.
&
A
A
.
•Wisconsin Central
Total (oH roads)
Net decrease
82.578
232,514
19,832
100,301
440,.571
384,589
2,629,470
354.635
5,956,624
518,851
382.940
2,972,786
236,065
6,274.530
559,450
25,672
10.396
20,104
1,254,237
3.581
36,146
53,043
112.170
35,5U
37,995
79,360
18,351
343,316
68,570
317,912
9.599
4,273,817
605,048
exhibit
the
of
m^ m>
1%S»{
t1(,OCHia
OflOftfi
N. 5'. Huiq.AWorteni'1884
18W
Norfolk
"
A W«»l«ni—
1888
1884
iS;
IHHO
4fi0.010<
98R,«4«
1884
464,74«|
18»-5
:..
A
an
Pennsylvania,
SSSR
::::::;:
87B.(lSa
190.768
178,717
I.7t6.6r.
1,7<8,T7«
nisi
SS£3
iSSiSS&
877,666
*478.08»
1,441.614
^688.168,
888,964
806,476
868.801'
4ii,iiaB
280,768
188.889
a89,WU
318,846,
47,170
71,186
0T,8»
I'nion
is
Pacific.
be
to
last
the Northern
In
respect
to
the
that
said
the Erie,
Pacific,
figures
year are .diHerent from
Union
the
1884
Phliii(ielphls°A
8,704,800
4,186.300
2,431 .948
3.441.808
)M6.710
879,883
I5I.18S
108,479
Krii—
1H85
1884
Philadelphia A Ueadlnst—
1*6
8J4S.07S
1884
1.398.6MI
8,865.673' 1,961,618
Phlla.A°iiea<i! Coai'ft
now
it
reported for
those originally reported.
is due to the fact that gross earnings had to be
changed by reason of the decision of the Court of Claims
but this
disallowing certain claims for
that
had been included
Government compensation
in earnings, while the
expenses
had to be changed to conform to the present method by
which one-twelfth of the year's taxes are added on each
month, instead of counting the taxes only in the months
in which they are paid.
Below are the net earnings of all
roads that will furnish statements for publication.
GROSS AMD NET BARNINOS TO [,ATBST OATIS,
ijperatino
Eamitigfi. Experuet.
Atch. Topeka
A
Santa
Fe—
18b5.....
1881
..
Burl. Cedar Rap. A North.—
1885
1884
Onadlan Paclflc—
1885
1884
Chesapeake
A Ohio—
18H5
IBM
Elltnb. Lex.
1S84
Che». Ohio
1886
A
Big
A Southwest.—
1^^^4
Burl
SO.
Ifft
£amfn^. Bamingt. Bamin^.
1
1.897.888
1.3U6,000
786.066
718,308
861.780'
245.457
817,578
184.994
148,801
80.463
6M.I41
Se7.77«
3«3,W)7
S18,03i)
,26,088!
290.008
806.811
806.927
281,400
83,075
84,811
1,060,781
1,166,446
880.88S
66.688
80,408
38,910
16.7781
taA4a
12,861
218,818
207,239
64.<:VI
38.3111
476,476
410,880
186.804
63,818
887,638
71,778|
4.884.406
8.040,424
2.500,751
944.0S2
860,758
806.510
861,601
2.017.(WI7
fl03.7(»
2.006.878
1,122.926 df 817,870
SU.8JJ
j
1 19.844
100.760
86.458
98.2IW
2.086,070
14188.481
1,109,009
1,187,848
A QaincT—
8a,7»<fl
17,631
899.461
649.803'
:»
4JHJM
1.694.466'
MM*
gs7jaa
»7444>
ijomMol
961.317
1304,1611
9j(41,iia»
aAuim
4,048.800 d«f7MIM,
4,088 34."t IIiri9o,8a»
r
1,I70.I>70|
l,iia.(y7V
1.144,784
1,131,890
144.488
138,833
84.602
80,886
39,806
470,180
4(S;(46
*aSjm
1.333.801
1.848.163
683,890
868,807
7.201,606
7.1»t,46B
86.211
106,780'
Ogdensboiit
1H85
Dnlon Paoliio—
1885
1884
,
'
1,987,101
2,116,580
!
i
Utah Central—
18^.861
VISJS
1888
1884
58.7SB
70.850
82.486
83.386
M,33»
tMjan
17,461
306.174
9«,7«0
1888
I8H4
94.807
93.188
56,934
87.848
87.973
36.987
808.674
818.166
100.068
Wwt Jnsey—
Xanh,
•
ll&89a
JiM,l(a jr<h.8l.
*
*
1,477.388
1.478.684
1.088,183
1884
1889
1884
245.764
276.908
197.188:
806,84l<
48.662
78.066
81.879
48,7481
44,178;
9.187
IM.«4
10^11
8il.Ui3
9,(B1
146,186
80,718
16.409
18,774
18,07»l,
8,3)18
47««
16,184
8.640,
Omnd Trunk of (^nada—
Cht<»KO
188f
1884
Det. (ir.
1885
1884
1,801.8041
SO».80S'I 4,418,763
170jf80:| *MiJI>*»
X
A Gr. Trunk—
Uaven A Hllw.-
,
I
!
708.016
e<H,67»
88,178
Mexican Central—
•
1886
1884
880.177
178.000
198,736
134JI87
40,09;'
I
961.866
614.008
467.064
Mexican National—
M9.7aa
1884
IShS
864.7871
906,660,
807,746
194.868
146,981
110,677
•87.a«6
908,647
U7JJ71
96,224
72.889
21.447
808,690
160.700
vugs
Ore«on Short Line—
1888
1884
u.Wjm
a Not Including the first six days of 18%, daring which time the roid wu aot
72,368'
29|
operated by recolven and during January expeoMS w»re oaaenallr •all.
reoelrer making only such outUys as were absolutely neoMsary.
• Including 68 per cent of earnings and entire worklas exp^oiM of tb« lOtw
Tork Pennsylvania A Ohio Uallroad.
+ Not Including taxes and rentals.
t Bmbniolng operations of Central of New Jersey In both yean.
I Expenses include both in 1884 and In 1885 one-twelfth of the year's taxaa.
COTTON ACREAGE, STAND AND CONDITION,
1885.
less difference
8.8980)79 8.618.610
;.e&7.7l2 8,888,600
than usual in opinions respecting the actual
it was generally admitted that the
more especially in the Southwest, added to tb»
droughts of summer, would reduce the yield to about
that of the previous season; so estimatea then were
generally based upon the previous year's yield, some making this season's result a little more and some a little less
than that. The prospect today is about as it was then
estimated, with the probability that the total when made
outturn.
bad
»
Sandy—
1881
ChUwo
Orou
A-«t
16t.'
The country has produced another very disappointing
cotlon crop, though there has been since November nraeh
Jan. 1 to Apra
.dprii.
Omit
IXnttjUt
iron—
18t6
IHM4
Roma Wat. A
1J7«,»48I;
13S3
and the Momui's
La. A Tex. BR.-
Pacific,
•01 .469
1.070,128
Krie)—
Central Paclflo—
1885
is
n\.3biil IjMOJttt
SJS
east ulPltta-
13M9.".
'9S»
i»a.«n;'
Ml
806.481
811,9ia
Northern C«ntnU—
mm
vi%
f^n^jmt
-•'•l.ftio
m.in
»(...iiU7
'
1884
Reading,
the
**^
UIM6|
'
N«w BosUao-
NAVI.
improvement on a year ago by a few roacis, prominent
among which are the Burlington & Quincy, the Louisville & Nashville and the Canadian Pacific, but the vas^
majority of those reporting fall behind, some of them very
the
1,460 nid
burg
regards net earnings, which cover April, there
heavily, too, as note
iSi8}|
»8}{
AWeiti^-'
'.'..'.'.'.'.'.'.'.'.'.'.'.'.'.. '.'.'.'.
Includes three weeks only of May In each year.
» To May 30.
: Not lucludlnK Indianaimlia Decatur A Springfield in either year.
As
Ml*
i^m.'.'.'..
Penn. lull lines
79,823,937 3,668.769
79,213,889
NuhrVcfliitttVA StlLonls^'
Oregon ImproTrmt Co.—
333.479
189,772
1,759.909
Un.Tlio^
I8H1
1884
581,43.3
1,680.54<
1H84..
186.400 <ler,_M«t'
Ohio A Mississippi-
309,860
39,882
264,471
455.601
4,292
18,126
313.429
387,528
277,233
mm
1IR.4M
1SP4
830,350
677,611
1.009,902
4.842.463
178.430
469,318
297,918
227,767
i.iss,xai
ISnS
18H4
MoWI«A(>bio-
Northern Puolflo—
66,318
1,132,1.55
las::
9C8f
A NubTlli*-
1H(<8
121,211
136
263,114
11,691
39,645
699,275
185,645
903.601
887.U60
373,441
845,800
5,523,886
MJM
lirlll*
1881
N. v. A
9,101
207,6.57
174,Sil9
tamims:
18f*4
1W-.5
36.617
444.956
449,218
22>,783
810,678
687,215
989,798
3.5S8,22«
.
1.437
91.0,15
,0 i«,098
6,723.552
644,971
2.399.514
1,657.006
i»-JC
""
1H84
N. Y. iJUa'ltVie
282,(08
421.082
45s»,32B
21,483
82,778
20.107
5(i9,40(l
133,B0()
2,482,092
3,844
4.004
120,916
2,124.7-il
305,12(1
12.5.509
40'.),391
8),aiw
'i° OMritii^'
Kort Worth A'b'niV(n''lVlr-
72,477
6<i,03C
1
KuMTm nV Val
ifim'
183,103
153,963
672,731
182,520
2-11.872
W.4I6
lriH4.
55,20!!
161,678
194,413
Ft. Worili .V Denver
tOrand Tr. of (.:auarta...
Qnlf Col.
Santa Fo.,..
111. Central (Iil. DIv.)....
A
61,758
241.709
8!17,171
1,(01,13."
447.5Mil
772,984
ife
l»iS
637,171
Maniuotte.
Florida K'v .t Nav. (;o.
UinU A Cblc-
Uw M<iinM'«"iri"iloJ|»^'
"
91.322
154,202
8.507,201
8,672. 45i
134,010
44.M8!)
Cln. Ind. St.
IHHk
1RH4
1,045,119!
2.227,03."
2,21.5,814
341,74*!
I'tre
12.866
111,142
3,1117,787
564. 79t
3,04:»,.'-.8'S
Milw. A 81. Paul
Noitliweat . .
riiicniT"
1881.
1,18:1,1117
i:astrni tllliinl*.
.tc
1885.
At
that date
start,
up will be a trifle below the outturn in 1883-4.
The only interest these facts have now is in their bearing on the prospects of the coming crop. The careful ob
S
1
.
THE CHRONICLE.
7(2
[Vol. XL.
the Atlantic States and Alabama, foUoweJ in July by high
temperature in districts all over the South and drought in
was
predecessor,
1/ last season's crop, like its
forward
some sections, and high temperature and drought also in
the
Were
was the cause?
practically a failure, what
August in the States where the crop was the worst, would
mere
yield,
total
like the
weather and other conditions,
admitted on all hands that a sufficient explanation
In what particulars does itnot be
repetitions of the previous year?
failure just about as it happened is apparent
from that .of the last two of this year's
the surt this spring differ
any new theories. That is to say, in
adopting
without
cannot fail
Z,yet
always looking back, that he
is
may
the better look
These or similar questions
the stand (1) being in Texas, in a large portion of
time of the year, to every one 1884
to pr«ent themselves at this
in Western Mississippi and in the MissisLouisiana,
the
who wishes to make good use of the facts surrounding
late and very poor on account of rains,
Valley
sippi
development
follow its
early Ufe of the cotton plant, and to
plant was easily destroyed by heat
the
floods,
&c.,
preany
of
study
during the summer. Hence one finds a
a whole in neither particular
are features distin- and drought, though as
prings,
if
at all ?
Tions seaaon interesting but there
with 1882,
guishing the last two, not only as compared
;
but also with one another, which
make them
peculiarly
was
the
the
in
prolonged
as
trial
portion
greater
of
as
the
1883
in
while
;
Atlantic
States
(2)
and
Alabama, the stand being much better, the plant endured its trials better, though in some respects they were
In any such retrospect we must
severe.
very
indiscrimipopular method of charging these late failures
have not the space to recall with the same detail the
We
months.
summer
nately to drought and heat during the
But a reference to the facts as to the
season
of 1883.
it
give
to
statement
that
There is just enough truth in
that it was very unsatisfactory in
season
shows
planting
widely
now
is
which
belief
a
and to encourage
instructive.
avoid the present
currency
expressed, that the use of fertilizers has changed the nature
of the plant.
The claim
is
that under this higher cultiva
no longer retains
tion cotton
its partiality
the idea being that enriching the
growth
of top
and
soil
for dry weather,
free,
quick
can establish
itself.
induces a
fruit before the root
If these failures were confined to the fertilized sections or
plantations, or if on investigation the old tap root was
always absent or short in the fertilized
and long
in
field,
and present
an adjoining one which received no
fertilizers,
the belief would be capable of some sort of demonstration.
the Atlantic States, followed
by excessive
in June,
rains
and that May and June weather was unfavorable all over
the South. Following that, came the "terrible heat" of July
and August, in many sections literally burning up a plant but
poorly prepared for so severe a trial. The heat and drought
of 1883 were as stated much worse and more extended
than in 1884 furthermore, the plant was in the Gulf and
Mississippi States better started and in the Atlantic States
more poorly started than in 1884; consequentlj' the results
were, as recorded, more harmful on the Atlantic than
elsewhere, with the one exception of Texas, where the
To present a comdrought was probably unprecedented.
;
"We have not, however, been able to secure evidence of
any such difference. Besides, the results do not require it.
Tracing back disaster always seems to open up the reason parative picture covering these data as to the summer
conditions, we give details for many years la'.er on in this
for it clearly.
For instance take 1884 for examination, and note report, but insert here the following table, showing for
which were the most productive and which the less pro- each State the highest, lowest and average temperature in
ductive sections.
(1) The Atlantic States most certainly June, July, August and September for the years 1871,
increased their outturn over the previous year.
We esti- 1880, 1881, 1882, 1883" and 1884, the first, the third and
mate that (Jeorgia and South Carolina produced fully 12 the last two years being the worst years we have ever
per cent and North Carolina 5 per cent more cotlon than experienced, 1882 being about the best and 1880 being
in
Furthermore, Alabama also contributed say
1883.
about 4 per cent additional.
(2)
All other sections
below the previous year's outturn
—Tennessee
and Ar-
kansas probably only about 3 per cent, Mississippi and
Louisiana about 6 per cent and Texas about 8 per cent.
None
of
made with
when every State lost on
the production of the previous year.
But confining ourelves for the present to 1884, we find on turning back to
is
our acreage report
June, and basing an opinion on
the start in each Stole as there given, that with a hot, dry
eason, or in fact with any other conditions unfavorable
to
healthy development in the summer, just such results
as
followed were to be anticipated. In fact, after giving
details
showing that the start in every State had been
imperfect,
we remarked in summing up our conclusions (June
23, 1884)
that the condition of the plant (June
1) was otherwise, witb
local exceptions, good to very good
in the Atlantic States,
in Alabama, in Eastern Mississippi,
Tennessee and Arkan-
But we added that
•'
elsewhere
it is
impossible at this
" writing to speak definitely. With such conditions
as have
" for instonce surrounded the crop in Texas,
everything
depends upon future weather.
A drought could do great
I*
" Aarw to a plant, the early life of which has been
passed amid
" $uch exceuive rains." Now, if with these
surroundings at
the sUrt It is found that in June
everywhere the temperature was remarkably Ipw (averaging,
for instance, in
Carolma
Averages.
N.Car'lina
l»84(bad)..
1888 (bad)..
188-.J (good)
18S1 (bad)..
ISsO (good)
lB71(bad)..
1883,
in
North
South CaroUna 72^, in Georgia
74, against
7« to 8 1 m previous years), with excessive rains,
especially in
-li, in
Aatmt.
July.
JuTie.
Ihernvymeter
the States, however, gave a full yield, for our
comparison
•M.
good.
fell
1
i
i
;
11
J. J.
1
1884 'bad)..
1883 (bad)..
1888 (KOOd)
71-5
7«-0
75-9
77*4
7;-2
74-8
93-4
96-6
P7-i3
55-11 78-6
69-3, 77-6
970
03-0
9S-3
100-5
94-0
91
BO-B
95-0
97-3
99'7
88-8
Bl-8
60-8
58-0
Bl-7
58-7
67-7
940
98-7
95-8
93-3
6S-2
65-6
63-4
68-0
65-5
64-5
77-5
78-6
77-3
80-2
78-6
75-7
80-5
93-2
90-21
98- -J
911
9-^-8
62-6
60-6
65-6
61-5
63-9
S8-8
75-8
1
761
96-5
1880 (Kood) 100-0
1871 (bad)
900
79-3
64-0' Sl-8
620 80-6
70-0 80-0
1030
970
95-0
e.Vll 80-3
OO-ft;
83-2
;
BT-Ol 81-3
a7-0> 83-5
710 83-4]
65-0 80-bi
1
,
92-61 61-9
97-o: 5W-5
1
95-0
66-5
93-8
64-4
78-4
95 5
oun
930 090
97-5
B8-9
63-2
59-7
99-1
m-2 68-2' 802
920 700 79-5
630.
94-0
H7-6
U2-5
101-2
06-3
92-2
74-0
78-8
78-0
(Kood)
1871 (bad)..
.-l-O
67-8
as-8
03-.-*
65-3
68-2
680
80-4
82-5
7S-7
72-
77-0
TO-6
62-3
1
8S-6
Se-5
62-0
67-S
OS-0
Ol-O
935
92-5
92-5
89-0
84-7
500
74-8
721
73-9
80-7
75-8
70-6
921 000
:9-7
Bl-6
92-4
bl-2
07-y
66-7
69-5
80H
94-3,
6.S-S;
75-7
74-7
75-S
79-3
79-3:
90-8
62-5
731
78-1
8j-8l 00-2
70-8
98-2
79-a
78-1
78-4
80-3
77-8
04,
83-6,
81-9
79-8
1
1'
97-0
04-5
89-5
«tl!
78-8,
Flohida.
1884 (bad)..
1883 (bad)..
1882 (.good)
73-8
69-1
1
91-6
94-7
95-2
1881 (bad)..
18-fO
64-7
87-9' 66-7
89-4; 65-C
78-3
92-4 82-:
7flo,| 93-2, 51-1
7B-6,i 82-0 39-0
Georgia.
lRv2 (good)
89-8
1
77-1'
77-4
77-9
84-2
Sl-0
81-4
80-1
59-0
i
1
1
88-4
lasi (bad)..
lS84(biid)..
1883 (bad)..
i
ii
Car'llna
8.
Sfjjfemlwr.
57-8
57-3
57-7
—
l!
93-7
920
9.S-2
65
1
69-1
60-5
1*181 (bad)..
ms-0
1880 (good)
18Tl(bad)..
972
67-0
07-0
94-5
72U
79-6
81-5
80-5
82-8
80-9
80-8
1
!
94-9
93-2
»3-2
98-5
95-5
94-7
i
70-2
82-1
60-4! 840
71-6, 81-3
8P-8I 83-41
70-5
890
9^-2
95-2
04-0
94-5
94-7
93-8
70-2
71-5
80-1
:
04-.1
90-4' 64-0
»-Z-2
930
81-5
60-51 81-7
70-0, SO-S
94-0
91-0
71-1
§0-5,
910
62-8'
77
07
94-0
05-2
«0-l
9O-1I 68-8
811
94-4
98-7
91-9
95-6
97-0
95-2
65-5
08-B
68-7
71-2
,
i
82-8
81-8
:
(!»-6,
07-0
68-5
63-0
64-3
770
Alabama.
1884 (bad)..
1883 (bad)..
l(«i (good)
910
59-2
90-(l
650
07-2
73-8
941
79-6 100'5
98-0
80-H
81-8 lf'3-6
96-7
78-2
78-8
M-S
ISSUbad).. 100-4
88-4
81-7
1S80 (good)
91 -3
630
1871 (bad)..
91-5
60-9
95-4
93-6
96-4
99-3
91-8
65-7 79-9
660 80-9
63-1 80-7
08-7 83-4
66-0 79-0
71-5 81-3
67-0
6U-4
83-2
67-4
09-3
08-3
79-4
82-9
7~-7
82-9
80-6
4i
80-8
7S-3
68-3 81-3
70-0' 80-2
08-5 8'J-l
LorisiA.VA.
1«S4
(b;Kl)..
l>8:t(bad)..
iaS2 (good)
1881 (bad)..
1880 (good)
1871 (bad)..
94
96-0
09-9
94-0
930
70-8
72-7
06-9
71-0
67-5
73-0
85-7
88-7
97-8
97-2
80-1
94-(l
88-3
80-8
83-5
90-0
93-0
9«'S
96-,S
822
99-6
99-7
91-2
1
650
630
912, 66-5
80-8
79-4
75-0
96-3' 53-0
7><-9
910
58-0
91-01
500
74-6
76-7
81-5
82-4
70-7
84-3
78-7
94-2
90-5
74-7- 83-4;
B4-.J'
6-*-0
91-0
88-5
,:
98-S
980
77-4
76-3
74-1
570 77-8
E5-0I 74-8
48-8; 72-7
68-4
Mississippi
1S8-1 (bad)..
18«S(bad)..
1882 (good)
1881 (^ad)..
18S0 (good)
18T1 (bad)..
93-3
96-
96
98-8
92-3
94-2
61-8
61-5
56-8
75-8
97-9
78-3 100-5
78-41 93-7
98-6
68-0; SO-7
03-3 77- 1
il4-,67'2i 78-81 96-4
1
:
1
68-6
6S-8
02-0
670
66-3
06-2
8I-31
77-3
83-3
i
79-(l
!
83-4
1
80-4! 79-7
65-0' 82-1
(S.'id
7C.-4
9H'2' 71 -2
82-0
OSO
71P-U
94si 00 6
82-2
H!l-0
80-8
76-7
72-5
77-9
9iJ-3!
72-5
87-1)
5.5-1.
72-4
O-JO' 46-a'
93-1
,
!
98-7
89-3
88-V
54-4
B3-8
54-2
I^^Tlie words "bad" and "good" following the years given above
meim simply that the aggregat* ciod for the year named was bad or good.
a;
.
.
JUNB
Jutg,
Srpt'inbrr.
iill«IUt.
l\frmtmwter
nii|
ii
74'1
no-
UJu hu
Wi
i
4
«fi"
rc-n
1
ti
6U o M>U
O'tt
fis-t
WJ-7,
tt-i
til
4
I
i
v.-n]
m-n' T?-i
WOl
4Uft| 71
1
703
Although the Atlantic States have this year regained,
some portion of their lost productioa in 1883,
yet as the Unlf States, which have the larger acreage,
have mot with a still further loss, the production per
.'icro seems to be only about
144 lbs., the same as it was
•,(m
M-K
71;^
rti
K
tL'.-,'
:!i-l
fWH
771
1M
ft
'»r-j
7711
5Kt
woji
8»-i
ao-s
70-7;
MO.
7-
^-- -
......
!--
Mil
0«'H
m
the poor year of 1881, against
reference and
1
for comparison
iii-i'
season
we give
last six years.
We add three
one indicating the increase or decrease
in acreage, the next the increase or decrease in crop, and
the other the average pounds of lint each acre produced.
'
8781 aus; tw
Of course those are our own figures and represent, as we
have reason to be believe, the facts more accurately than
.^
meau slmpi y
'li.til" :i[ul "K'»'>*1''
thut
tlio
...
loiuiwm.i; tin- yinn>
IS Klvcuoliovo
tlu' yeiir uaiueil wiis l)ad or goo.l.
usgregiito crop for
we do not
Similar averages as to rainfall
give,
as
any other compilation.
COTTON ACREAGE FOR THE VEAIM NAMBD— (OOOlt Omitted).
they
1894-R5 1883-84 1882-831881-82 1880-81 1879-80
Stales.
are misleading, since one heavy local shower at any station
1,072
1,087
3,007
a Slate will in a general average for the State conceal NortU Carolina.
SoutU CaroUua..
a drought which miglit be constant in every other sectioTi Oeorgln
The reader must refer therefore to the Florlto
of that State.
Alabama
local rainfall figures which we gave in detail September 20th Ml-isUslppi
We would remark Loiiielaua
as the only safe guiue on that point.
itt
,
also that data as to average temperature furnish really a
pretty fair inde.^ of the weather in other respects, as
<in
278
270
2,997
2,489
2,813
2,440
021
940
3,102
1,184
895
100
886
111
17.834
17.449
of the plant through high cultivation, but simply confirm
tlie
stand and condition in
[June are the most important factors
in the year's record
Applying to each State the special
and growth- which the foregoing and
one
205
246
2,656
2,321
2,330
2,093
904
805
2,174
1,043
108|
924
105
899
100
728
94
16,590
16,851
16,123
14.442
5,690;
5,714
6,902
5,436
6,589
2-21 p.c. 5-18 p.c *l-55p.o 4-51 p.c 11-7 p.c
5,757
9 p.c
901
2,820,
1,117
869!
Decrease.
The acreage
found sub-
figures for this season will be
sequently in this report.
understands
easily
facts as to
also
changes in yield from year to year.
weather
subsequent data
reason
the
In presenting below the substance of the details which
for
the
Thus South Caro
klina lost in 1883 nearly 26 per cent of its crop of 1882,
its
acreage was increased about 3 per [cent
was due to a cold and wet March and April, very
dry May, followed by a cold, wet June, altogether unfitting it to resist the unusually high temperature which
came in July, with drought continuing into August. In
1884 the same State regained 12 per cent of its loss,
owing to better conditions in the spring and early summer,
although over much of the State a dry hot July and part
[of August was very trying.
So we might go through and
explain the variations in yield in each of the other Statesthis
In the following we have figured
the production in 1884-5, on the basis of a crop of
unnecessary.
it is
26H
2,702
2,394
COTTOX ACREAGE AND STAND IN 1885.
STATE rnODUCTIOX AND ACREAGE.
although
893
1,364
2,617
Tncr'se In production 0-42 pcj*18-3 PC 28-6 p.c *17-5pc 14-4 p.c 13-4 p.o
144'
144!
194
Product per acre.lbs.
149i
187
180
of the crop.
disclose,
996
1,548
2,S69
2,300
1,176
Ai'kan.<)as
*
previous observations, that
265
2,679!
2,346!
1.006
1,656
2,084
922
Tennessee
Increase In acreaRe
1,041|
1,606|
2,8351
2,564
1,176
,
'not disclose, as claimed by some, any change in the nature
1,072
1,051
2,977
3,257
1,231
Texas
extreme high range of thermometer is scarcely possible AUotUers
Total aeroage.
with ordinary moisture. To summarize results, then, we
production..
Total
say
that
these
later
e.xperiences
and
do
[may
(1883
1884)
'"out
For
1883.
lbs. in
this
linos to the table,
.1
1071
int
149
with
holow the acreage for the
j^;
}
—
•8 stated,
q
^all
1
1
THE CHKONlCLEw
13, 1880.]
Jmu,
J
.
we have
received from each State, with regard to this
and acreage, we must repeat
what we have so often said before, that in the latter particular we do not claim to be able by our percentages of
year's weather, condition
indicate accurately the changes
increase or decrease to
may be
which have taken place.
Generally speaking
said that there is always
a tendency to increase cotton
production in the South, and that tendency
e.xcept
check.
when some
For
it
finds a market,
is
is
it
carried out,
special adverse influence holds
the cash crop of that section,
it
it
in
always
and the land and habits of the people are
Of course if the
to its cultivation.
peculiarly adapted
planter cannot
command
cannot be indulged; or
inducements,
his
the necessary capital his desires
if
efforts
another direction.
other crops hold out greater
for
time being will take
the
Within these
limitations,
year by year the expansion goes on, so that
if
however,
one divides
5,690,000 bales, using the estimated changes in production any number of consecutive seasons into periods of similar
compared with 1883, as already given. Of course, when length, the average of each period will show a materially
the crop statement is made up in September, this will be increased crop.
Thus for instance, since the war, the
modified to some extent, but the relation between the average each six years has been as follows reduced Co bales
[states will not be materially changed. We add the figures
0/400 lbs. each:
Ifor previous years for comparison.
PBODnCTION OF EACH STATE FOR TEARS NAUED— (OOOS Omitted).
s
3^
Stales.
No. Car....
441
So. Car....
494
(leurgia
86t.
. .
I'lorida....
Alabama
.
MlSSi88lpi)l
I.otti.siana
.
Texaa
L
|h
Arkausag..
Tennessee
I^^AU
^B
r
otberg
f6
598
640
466
§g
Sj
3
00
00
420 455
443 598
768 940
60
57
575 737
893 1,098
495] 510
1,012 1,100 1,467
55d
326
40|
675
335
50
099
375
56
H
.
435
409
798
43
581
i
6
00
s
00
ao
r4
00
460
390
623
814
340
470
750
60
595
805
400
784
520
290
60
575
937
00
730
895 1,015
485 529
855 1,173
525 675
300 380
50
55
?
S
00
?:
<6
S
tendency.
I'
55
700
956
B07
804
607
331
70
For the six j-eara ending with 1872
Fur the six years ending wItU 1873
For tbo tlx years ending witU 1881
These figures illustrate plainly
And
yet
it
Bales 3,107,000
'•
4,771.000
"
0,721,000
enough the prevailing
should be said that this inclination
00
H
370
390
680
50
606
775
420
610
590
260
60
340
885
600
55
555
700
385
690
490
235
50
290
3,50
559
DO
615
780
445
680
505
265
70
Total.... 5,690i5.T14 0,<J92 5,436 6,589 5,767i5,074|4,811 4,485'4.609
by no means eSects like results in all sections of the
For instance in the Atlantic States, there is not
now and has not been for some years any very decided
There are yearly
addition to the land under cotton.
changes, and on the whole some increase in the total area,
but in the main the larger production sought for in those
States is through improved cultivation rather than by
enlarged planting. This has been induced in part by a
desire to diversify productions, but in part by a growing
South.
conviction that on the poorer soils
it
pays better to enrich
THE CHRONICLE.
On the other hand
rather than to extend.
the richer
particularly
and more
in the Gulf States,
always to
is
inclination
the
aecUons of the Southwest,
there;
needed
not
are
Fertilizers
increase acreage.
of its tnbuand
Mississippi
the
of
in fact in the Valley
overflows enriches itself.
Uries the land by frequent
as helps to a clearer
These suggestions are made simply
«d cultivate
m
understanding of what follows.
the early spring
North C.^ROUSA.-The cold weather in
were not in
operations
planting
deUyed farm work, bo that
of April, or nearly one
general actively l>egiin until the close
Rapid progress was made, howlater than last season.
week
The
finally completed about May 20.
better than ever
say
well-some
exceedingly
seed came up
nece-ssary. May opened
before -and very little re-planting was
the State continued so
rather cool and in a large portion of
conseuntU past the middle of the month, and
warmer
•eqnence the growth of the plant was checked;
and
weather during the closing ten days gave a good start,
was very
except where rains were excessive the progress
Stands are reported fair to unusually good, with
satiaf act ory.
fields were
the plant strong and healthy, though on June 1 the
quite grassy, owmg to the heavy rains the last ten
ever,
and planting was
m
generally
days of May; but better weather having set in as the month
doeed, it was expected that they would be quickly cleared.
With favorable conditions from now on, the promise for a very
^ereafi'e—While in some
full crop seems to be excellent,
ections there has evidently been an increase in the area
onder cotton, other
districts report a decrease, so that in the
estimate an average increase of say 2 per
cent. Fertilizers are again more widely used, both the commercial and home-made sorts, the takings of the former variety
State as a whole
we
having increased fully 20 per cent in some districts.
South Cabolina. Although planting was commenced a
little later tlianlast season, the finish was at about the same
time. As in North Carolina growth was checked in the early
spring by the continued extremes of cold, and it was not until
after the first week in May that settled higher temperature gave
—
the plant a good
came up
well,
start.
Our reports are to the
and that only in very rare instances was any
re-planting found to be necessary.
from good
May
many
The Stand secured ranged
owing
to the heavy rains in the
farmers were unable to work, and coninstances fields became quite foul with
to very good, but
latter part of
effect that the seed
sequently in
grass and weeds. The generally better weather since June
opened has given an opportunity to remedy this, and at the
Itresent writing there is a great improvement.
Acreage—The
tenor of the returns on this point is that there appears to have
been very little disposition to either increase or decrease the
•rea under cotton cultivation, though of course there have
been changes in sections; in the aggregate the net difference
is sUgbtly in favor of this year, and we therefore estimate the
inerease at one per cent over last year's figures. Fertilizers—
All our advices on the subject of fertilizers are that there
has been a very fair increase in the takings of the commercial
Unda.
year,
Home-made manures
18ti.")
also
become more popular each
proving no exception.
OEORfilA.—The same influence which caused a late start in
fanning nijerations in the Carolinas (i. e., extended cold
weather in the early spring) had a similar but not so decided
anefiect in Georgia, because the temperature averaged higher.
After planting had been fully begun it was pushed with
much
Tigor, the result being that in
some
sections the finish
was at
an earlier date than last year, although in others it was not
reached until the latter part of May. The seed came
up
well, some say unusually so, and the start
was quite satisfactory. The weather during April and May was
generally very
favorable, notwithstanding the fact that early
in the latter
month cool nights in a few districts hindered the progress
of
h
plant. Stands are reported as good
to almost perfect; but
in a few instances a little late.
The fields were in an excellent
condition up to the closing days of
May, when rather
heavy
rains stopped work and gave the
weeds a
chance to grow; the fields are now,
however, being rapidly
deaned. ^create-Under this head
our correspondents do
not note any marked changes
from last year, but an average
of all replies mdicates an
addition of about two per cerft.
*»m«7er.-An increase in the use ot both
commercial and
and conlmnous
oms-made
fertihzers
is
reported in very
many
districts
Florida.
[Vol. XL.
—Planting began
at about the
same time
and was completed in
as in 1884.
Under the
this State
influence of
favorable weather the seed came up well, except in a few localRe-planting has
ities, and the plant made excellent progress.
not been necessary to any considerable extent. On the whole
the spring
may
be said to have been quite satisfactory. Stands
and the prospects at present are up to the
are generally good
The fields are clear of weeds and grass. Acreage—
The change in acreage is small; we give it in our table at 2
average.
per cent over last year. Fertilizers are very little used.
Alabama.—In the earlier sections of Alabama planting
began about the 5th of March, but was not completed in all
districts until the first of May, or about on a par vvitli last
season. The early spring was somewhat cooler than in the
two previous years, but with the opening of April weather
conditions became more favorable and excellent progress was
made. All our reports state that the seed germinated well,
the only check to development (not material) being that which
came from the few cool nights during May. The weather
since growth began has in the main been very favorable, yet
a few of our correspondents complain of too much rain in the
ten days of May. Little or no re-planting has been done,
The Stand secured ranged from good to very good, and on
June 4 the plant was growing rapidly and the fields were
last
Prospects at present are
generally in a very good condition.
reported excellent. Acreage— PlanterB have pursued a conservative course in the matter of acreage, the increase nowhere
being large, but taking the State as a whole we estimate that
an addition of about 3 per cent has been made to the area.
Fertilizers— An increased use of fertilizers is reported— of the
home-made manures
particularly.
Mississippi.— A glance at our record of temperature, which
we give in connection with this report, fully explains
why in this State also planting should have commenced
find that during February
later in 1885 than in 1884.
and March colder weather than usual prevented farmers
from making so rapid progress as usual in preparing
We
their
and
land,
ton was delayed.
April,
excellent
was
to
that
Still,
extent
the putting
in
of
cot-
with better weather conditions in
headway was
possible,
and consequently
material difference in the closing date.
One thing, however, particularly favorable to the present
season is the fact that a much smaller amount of re-planting
was found to be necessary than a year ago. The seed ger-
there
no
—
—
minated well generally some say unpreoedentedly so but a
few districts report that, owing to dry weather, the late-planted
came up poorly. The plant has as a rule made good progress
under pretty favorable weather, and with a continuation of
The Stand secured
the same the promise is quite flattering.
ranges from fair to excellent, with the fields generally clean
andwell worked.
The Acreage has been increased, but not
largely; we estimate at 3 per cent. Fertilizers— ThexB has been
a marked increase in the takings of fertilizers in sections where
they are used, especially of commercial sorts.
Louisiana. Planting began generally in advance of 1884,
and with favorable weather conditions the progress made was
extremely satisfactory. It will be remembered that last year
many plantations were inundated, as they were all through
the Mississippi Valley and its tributaries, which rendered
necessary an unusual amount of re-planting, and that consequently much of the cotton was not in the ground until after
the first of June. This year, however, and with the exception
of a small area overflowed by the Red River comparatively
little re-planting was required, so that all the seed may be said
to have been in the ground by about May 5. It also came
up well — some districts report remarkably well — and with
weather mainly favorable though modified at a few points by
a rather too low degree of temperature, the development was
quite gratifying. Since growth began there has been no appreciable change in the conditions, and this holds true to the
time of writing. Stands As would naturally be expected
from the foregoing, a good stand has been secured, and the
plant is vigorous and healthy. The fields in general are very
clean. Acreage Some land which was thrown out on account
of overflow last year has been again put in cotton, and this with
—
—
—
new
land makes the increased acreage this season fully 8
per cent.
Fertilizers are but little used in this State,
the natural richness of the soil rendering them unnecessary.
Arkansas.
— Owing
spring, planting
to rather cold weather in
was delayed in Arkansas
the early
as elsewhere, the
—
JiTNK
many
188J.
1
11
:
11
1
1
1
11
THE CHRONICLE.
districts from one
The seed gerniinatod
to
two weoks
later
but the
continuation of coniparntivoly low temperature tended to
oheclc its development, bo that at lirBt the progrosa made
was somewhat slow no serious (laniiigc, however, was done
to the plant, but in a few districta, and on account of
cut worms and the cold weather, a moderate amount of
re-planting was rendered necessary, yet not to anywhere
near such an extent aa in the previous season. Alisence
of rain in the early port of May acted as a further drawback
in a few inetances, but subsequent to the 13th the conditions
in
1.
......
18, 1880.]
start liefnf; in
than
—A
i
.
fairly
Ihtrmomtttr
706
Tthriiftry.
ISW.IlHHI.
wi-lJ,
I-Vtl
(JTlnrloUe—
7.'
o
7ci
Lowest...
Viif
i;
N
.-iij
Arerntfo..
38
5131 il:
llllllittst.
n:yi\
51
;
became much more favorable, and under
their influence
tlio
crop mn(i<> satllfactory progress. Stands averaged good, the
range l)«ing from fair to better than usual. In isolated cases
the fields were said to ho on the first of Juno in the grass, due
to heavy rains late in May, but in general they were well cultivated and clean. Acreage This State ranks next to Texas
and Louisiana in the amount of new land brought under cultivation each year, and this season proves no exception to tlie
rule, the increase reaching 6 per cent.
Fertilizers— Commercial fertilizers have received a little more attention the
present season, still the amount used is very small the same
may be said also of home-made manures.
Tennessee.— As in about all sections of the cotton belt,
planting tegan in Tennessee later than a year ago. The seed
came up fairly well, though somewhat slowly, on account of
the cool and dry weather in the early spring. After the
middle of May there was much improvement in the conditions,
and development was very satisfactory. The low temperature
and ravages by cut worms rendered a small amount of re-planting necessary, but compared to the whole, the area was almost
nil.
Stands were reported good, and the fields clean on June
1, except where rains had been excessive in the closing days
of May, and in those districts later information states that
they are being rapidly cleared. On June 6 the crop appeared
to be making rapid growth, although in very limited areas
rain was claimed to be needed. The Acreage has been increased in some sections and decreased in others, but for the
State as a whole there has been an increase of about 4 per
cent. Fertilizers receive but little attention here.
Tex,\.s —There was no material difference as to the date at
which planting was begun this and last season, but since then
all the conditions have been far more satisfactory than a
In general the seed came up well, but subseyear ago.
quently some bottom lands were overflowed.
Re-planting was required on these overflowe'd bottoms, but not
elsewhere. The weather was favorable until towards the
—
;
Iliilheil...
Lowest
•7
70-n
R n
-S n|
31"
.
.
Avoroifo.
XrilKin-
7K(
2«
I
I
lliKhesi...
Lowest...
AToruir*..
au-Si 53'4
llrl
512
4J:i
««-li
iliirliest..
OttO
790
7S-0
70-01
75-0
78-0
..
I/>w«>t,..
ATsrii«e...
10-0 27-0
._
_.
40-3i 51-6
230
050
28-
47-8
82-0
44-5
67-0
4S-!
IllKliest...
67'2! 7.-10
2»0
78-0
89-0
57-»
7l-«
88-5
52-8
8! -2
liOwest....
Avernire...
340
74-(
39-1
69-8
68-.-
93-4
Hfl-4
4:1-5
9,1-3
HiKhest.
807!
72-0
30-0
48-6
61-1
740
74-0
87-0
46-7
76-0
82-0
82-0'
7Vll
4C-71
'
860
HO-0
56-4
6001
58-0
67-8
MUUC.nar
9.
.
....
....
..,.(
CMWrtorton.—
.
liowest ...
ArorBKe...
fAAwnbiii-Ulnbest....
Ixiweat...,
17-0
49-0
71-0
16-0
HlKhest....
07-0
13-0
Averuffo...
Statfburg,
HIshest...
72-0:
8-9
35-8
41*0
Lowest....
27-6
47-5; 58-7
AremKe...
Alkrn-
Lowest...
Average..
28-
18-0
44-1
»l-9
4.1-0
81 -6
15-0I
94-()''
....
....
....!
01-8
6»re
74-8
•l-O
iiro
70-8
MO
WO
53-0
88-0
88-0
640
70-0
18
830
I
70-0
88-0
68-U
—
28
83-0
49-61
58-1
88-0 89-0
87-P 88-0
66-8 90-7
I
!
90
40-0
78-0
OO-O
84-0
75 7
I
64-0
IB-Ol
750
210
78-0
07-Oi 77-0
75-0
34-0
51-8
86-0
34-0
62-2
84-0
88-0
800
88-0' 86-0
41-0,
48-0
60-1
ti2-S
ao-4
98-8
88-
87-8
40-0
630
92-1
00-0
87-OH
41-7
470| 54-5
94-5, 70-0 74-0
01-0
48-0
70-8
88-0
88-0
70-0
870
ot-o
61-0
.14-0
£60
64-7
48-3
78-0
24-0
66-5
83-0
34-8
59-7
78-8 89-0
86-4 «7-6
49-6 59-9
79-0
73-0
11-0
74-0
28-0
69-5
20-4
47-0
76-5
84-5
54-8
74-C
27-0
60-1
83-4
35-8
61-1
88-3
35-0
SS-1
85-0
83-0
8501
460
61 -2'
66-1
770
83-S
34-0
81-7
80-0
40-0
86-7
84-0
40-0
67-7
90-6
65-6
86-7
45-0
65-3
90-9
64-5
67-1
783
76-
78-0
88-0
58-0
75-0
830
90-0
86-01 89-0
42-0
63-0
48-01
60-0
67-0
85-0
40-0
65-0
88-0
59-9
sait
OEOROIA.
Auoueta.-'
Highest...
78-l»
Lowest...
Average...
14-7
42-7
AtUmta.—
Highest...
Lowest
89-0
8-0
Average...
39-5
.^iwmrwH.—
Highest...
lowest
Average...
C'>tumbus.—
Highest. ..
Lowest....
Average...
Macon.—
Highest. ..
Lowest....
Average...
Rome.—
Highest...
Lowest
Average...
Forsyth.
—
Highest...
71-0
22-5
78-51
28-01
800
390
4U-(1
56-3
60-1
38-3
54-8
67-0
70-0
790
71-0
15-0
42-U
300
40'0
260
470
0.V0
78-0
300
42-11
680
40-0
BB-S
7M
580
01-0
44-0
78-0
69-0
80-C
SO-C
71-0
280
82-0
29-0
57-C
48-3
590
80-0
.SOO
55-0
89-0
37-0
63-6
85-0
ST-0
62-0
82-0
88-0
66-0
08-0
64-0
75-0
89-0
40-0
60-0
650 700 73-0
110 140 290
380 49-7 50-1
880
79-0
790
220
2U-0
51-0
500
S8-0
34-0
60-0
83-0
88-0
88-0
84-0
87-0
68-0
l>I-0
24-0
41-0
54-0
71-0
86-0
48i)
68-0
78-0
20-0
56-3
78-C
32-0
68-4
76-0
89-0
51-4
80-0
20-0
58-9
88-0
40-0
96-8
880
42-0
62-9
84-0
40-0
66-0
890
33-0
63-3
88-0
69-0
74-5
881)
45-0
70-8
79-0
SR-8
830
87-8
40-0
90-4
88-0
52-0
70-1
88-4
66-6
73-^
80-5
54-0
o7-7
47-2
6S-7
00-7
68-8
68-
4O-0
94-3
498
54-3
78-9! 86-2
37-81 42-4
57-9; 66-3
790
.S2-I
71-0
33-8
54-9
77-4
37-2
83-4
79-0
43-0
89-9
75-9
39-4
74-0
45-0
91-2
82-3
5<V5
89-4
84-3
51-8
69-0
86-0
530
89-8
60-8
78-6
75-1
00-0
80-5
77-0
790
89-0
SH-0
140 ISO
39-3' 520
73-0
Lowest
140
Average...
44-5
78-('
52-0
70-4
FLORIDA.
JackaonviUe.
Highest
..
Lowest....
Average...
Cedar Kel/s.Hlghest.
Lowest....
Average...
.
—
Archf}
Highest....
Lowest
Average...
MadUoii—
73-8
3^-0
37-1
650
78-9
42-2
93-0
90-0
90-0
01-0
H3-0
58-7
380
47'0|
88-8]
44
590
890
74-8
98-0
61-0
80-8
52-0
73-0
60-0
79-5
6i-2
Highest
70
810 890
330 4ll-(:
565
86-0
95-0
88-0
02-0
440'
420
08-0
69-5
81-5
88-3
00-8
Average...
(i
Sanford—
—
76-51 73-0
790
Lowest
Highest....
—
70-4I
CAROL'
May, when rains became quite excessive in some
6-^-1
Lowest
380
433
Average... 585
71-0
61-9
portions of the State. Stands were I'eported as averaging TaUahtis:<ee.~Higlic»t
79-0
8S-0
good in some instances e.xcellent and the plant generally
43-0
Lowest ....
420
88-0
Average...
90-5
strong and healthy. In North, East and South Texas the
ALABAMA
fields were clean on June 1
but in the Middle and West sec- HontgonCfj.—
85-3
89Highest..
7n-l 80-9 81-2
75-9 R2-8' 7«-0
15-5
tions, which were particularly aflfectei by the heavy rainfall,
Lowest
._ _
a^oi 38-5 26-2 ii20! 35-0 38-5 42-6
Average... 45-4 35-3 58-2 51-7 SH'O 54-8 65-8 83-4
they were quite foul with grass and weeds. An improvement MobOt.—
Highest... 70 7 73-5 7.1-0 78-« 8.3-9 80-5 86-1 86-9
in the weather conditions with the beginning of June has,
27-01 28-9 89-0
39-9 43-0
Lowest
.'90 370 .S9-5
66-2 8i>-2
Average... 48 3 57-3 591
53-5 68-2 57-7
however, enabled farmers to make rapid progress in clearing 'Puacaloosii'f83-0
79-0
84-0
71-0
88-0
Hluhcst...
71-0 80-0 79-0
them. On June 5 the crop was reported to be in fine con15-0 200 38-0
.se-0 40-0
I.owest
2.V0 aa-0 30-0
44-6 52-2 51-2
65-6 600
53-5
Average...
5157-0
dition in almost all localities, with blooms and squares becom- Selma —
Highest... 72-0 75-0 79-0
720 7K-0 75-0 83-0 82-0
ing abundant. Acreage—This State each year shows a large
13-0 UIO 890
Lowest
880 .10-0 33-0 380 870
Average... 440 52-0 64-0 50-0 550 610 64-0 69-0
gp"owth in acreage, and this season the increase reaches fully
Auburn—
close of
Mrs'
na-0, 81-0
Niro fliH>
84-0 88-0,, 610 50D __
71 -Bl tfi' 71'
aO-B' 80-8
03-0
61-8
7311
88-0
63-U
75-8
..
;
1
I
870
60-0
78-1
01-3
44-0
70-6
8S-0
40-8
669
90-0!
47-0
(
08-8;
82-0
4501
64-8
83-0
92-7
5b-7
71-6
es-s
89-0
86-0
478
78-9
470 690 40U
701 71-3 as-3
86-0
84-0
40-0
63-0
&3-0
830
380
83-0,
830 08
35-»
4r0, 671)
80-8
64-81
81-0
480 470
680 70-0
86-0
40-0
66-0
j
13 per cent.
Fertilizers are but
The foregoing
we
Highest...
used in Texas.
Lowest
suffi-
Average...
convey a pretty clear idea
W. OrUana.—
Highest..
are necessarily brief, but
details
ciently elaborated,
little
think, to
of the situation about June 1st in each of the cotton States.
We have,
however, prepared our usual statement of rain-
and thermometer as a confirmation of these results.
The details of the thermometer record are as follows:
fall
March.
Ftbruar)/.
TIUTmomti'r
IShS.
ISM.
IHSS.
«5-S
7S>-(1
7fl-0
68-0
14-4
!acf
50-
30-0
18-8
200' 23-3
.11.
AprU.
Mny.
1S8S.'1884. 188S. '1888, 1884.
1886. 1884. '1MS3.
VIRGINIA.
NorfolK—
AverHfre...
372
75-0' 7«-0
40-81 50-3
81-4
.SOO
48-8
34-1)
571
78-5
40-«
54-5
80-0
37-0
55-8
.
Lowest
AveraKe...
.
.
Lowest....
AverHKe...
KUtvBnwk-
7B-4
UM-n
79-0
as-8
71-8
29-2
77-7
80-7
72-5
ft4-7
49S| &8-1
50-8
83-7
37-3
81-8
70-fl
2fl-0
70-0!
lO-O
74-(l
1»-(1
TTO 740,
IBO 22-0
87-0
34-0
.•Ma
lH-»
4e'«
41-2' 49-6
TO-5
au'C
4fl'l
Oi-O
W9
800
01
43-5
Hlghest...
«4-()
71-1
7H-0
87-9
VI
ari
Sti-O
225
71-0
81-5
73-0
I,
»U'0
4M-7
47-0
41-71
VfS
44-3
ATera«e...
327
7S-3
25-5
56-3
77-0
32-0
80-8
83
80-0
sn-s
80-5
40-9
64-8
81-8
83-8
51-8
70-5
E2-0
77-0'! 81-5' 82-0
24'0i< 3l-n aio
86-8
40-3
62-8
92-0
81-9
30-8
675
77-61 7S-0
14-61 19-0
A veraife..
45-0
53-7
48-1
78-3
27-9
00
330!
Average...
73-2
24-9
52-4
6-2-0
55-5
Pt. PlpasantHighest....
990
Rr'd CiitrauHlgtaost....
Lowest
....
Lowest....
Average ..
LibeHy Hill
j
20-5
15-0
74-0
150
6'^'2
93-11
880, mv:
"--:
I
531 00-7 02 »
41-n
52-9
79-0 'I 71-5
21-0
59-6, 49-4
310
Highest ...
Lowest...
I
41-S
60-8
81-0
S9-5
61-3
87-9' as-a' 84-0
51-3; 61-2 4v0
70-1
71-5
88-0
3«-0
55-3
84-0
82-0
56-5
88-0
48-0
08-8
93-o! 910
50-0' 440
B8-7. 78-3
69-0
270
sr4
801
31-7
73-0
ss-o
81-0'
:i.vo
54-31 51-71 63-3
....
....1
....'
8B-0
42-5
»5-8
8«-5
470
030
87-3
63-3
SOD
4ID
OOfi
77-2
.too
58-4
440
61-7
59-5
81-0
88-0
56-8
08-4
51-4
780
79-9
78-0
86-4
39-2
59-4
era
4.'i-0
408
66-1
63-4
71-8
487
680
88-2
91-7
76-4
88D
02-0
6i-3
71-2
90-0
04-8
71-9
7S-i
83-0
877
480
66-7
78-1
74-
88-8
58-1
76-4
7»5
60-1
68-2
48
78-0
30-0
51-3
87-5
48-6
68-6
86-0
76-0
84-0
98H)
ia-7
861
811
78-0
sa-0
83-0
88-0
80-0
06-0
M-O
Lowest ...
Average ..
. .
Average...
77-S
17-8
49-7
7»6
23-0
66-8
888
540
71-0
78-0
80-0
B9-n
790
78-9
83-
270
33-2
64-4
600 571
BSD
78-
44-0
Highest...
I.owest
24-11
Average
470
.
32-0
5:»n
I
78-0,
80-01 78-0
40-0 87-01
I
aO-0
51-0
9'
-I)
MO
878 SID
87-S 47D
8S-f
44-3
71-8
63-71 06-8
85-0
4«-0
«n-o
WO
84-0
TOD 70D
lM-8
44-0
.SS-O
Bmoktuiven—
•
570 49D
SOO
7W2
Vtcktburi;,—
Lowest
86-S
74-3
,-I.
Highest...
10
Lowest
..
.SOO!
19-5
53-9
CQlunihiu.Highest...
WtUUm.-
'
Average...
Shreveport .—
91-11 80-0
M-tlmifiofon-
H\Khest
Lowest
84-4
46-a
N.CAK'LA.
HlKhost.
74-.1
LODIS'NA
lUiIli.-»f..
Highest...
Lowest...
78-0
18-0
43-7
880
MHO
ra-O
82-0
41-0
(WO
8T0
54-0
8T-0
54-0
-n-n
86D
44D
rigures prior to Kebruarr. 1883. are for spurtuiiDunt. t Klgures Priurt*
Ureene Springs, t Station dcstrojea by Ore Aprtl 81, looo.
Sept., 1884, are for
..
1
m
IWe.>l8M.!l»S.
Cfmti llt—
74-0
80^
Btebnt
v.;
CM
I
«ro
00-0
ItlKkMI..
art
•—
WO
Amnn-
M-O
....
KSO
400
870
400
63-0
89-0
84-0
44-0
88-0
86-0
8»-0
81-01
Rainfoa.
Jackaonvine-^'
Kainfall.Ini 6-231 2-45
12
Days rain.. 9
Cedar Keys.—
Kalnfill.m
45-0
Days rain..
Archer—
591
Tire
rOl lK-0; 17-0
STOi 44-0 480
88^
Av*twc-..
70-0
tltmU '*'-'
R-o!
Bt(h««t....
AT«nc*...
7»-<l'
740
21-0
20-«
SO-O:
4S0
7«-0
22-0
70-0
8-0
40-7
6lr: 10-0
SS-T' 4S'S
I
Bfima—
TR-O'
78-0
a)-o
4S-7; ftO-S
78-0
400! S8-0
63-0 61-0
83-0
7S-0
SO-O
»8-0
!
88-0
410
60-0
M-0 810
3ao 270 320
63-0 67-3 580
780
8fl0
24-0
4tt'0>
8»-0
51-0
87-0
81-0
81-0; Sl-0
88-n
87-0
45-0
87-0
4,S0 410
840 655 6-0
3ii-0
BKhMt...
7«0
74-0
lO-O
48-0
70-0
BO
iioinit ...
Ararac*..
40-3
24-0
48-0
84-0
S7-0
as-o
800
34
SS-O
48-0
84-0
51-0
61-0
6r6
»li-0
82-8
81-4
Has
M-l
400
ss-o
S5-7
81-8
676
86-3
41-5
95-8
91-6
48-0
68-2
82-1
»4<)
81-5
8&-2
68-»
87-8
4S-4
63-3
85-8
42-4
86-3
87-0
78-0
3U-0
51-0
70-8
84-3
47-«
741
UkrhMt...
u » t ...
n
o-i
AMm*..
8Br7
T*4 7H»
9-H
40-0
-0-b
...
a9'4
XmrMt.-
IU0WM...
«8-0| 7«-
LoVMt....
Annute...
9»-0
70-0
88-0
Suiuot...
30
laOmM....
4»'l
I
iKt' at-s
TTol
71-0
444
40-3. 4S-0
OO-o' 71-o!
4-0;
: *V',
780
210
3V0' 4ri
44-0
Ann««...
41-8
in' «5-0l 16-0
39-5
ai«bMt.
79-0
21-0
l«-ll
7fl2
19-1
4t-l
AAwooS.liOWMt....
A-ranMK...
74-2
T7-4
81-e
44-8
79-0
25-0
51-7
71-7
25-5
48-8
74-0
29-0
49-3
83-S
33-2
93-5
70-0
J5-0
47-2
780 730 8-0
1«0 220 (SO
1
43-8
49-0
I
43-a
90-7
77-3
41-2
64-8
Si-i
05-7
i«0| 3;l
74-11
liowrat....
ej-.-i
wo
1
31-1
87-5
.S4 7
417
5«-3
80-2;
85-2
83^0
:!00
900
88-8
40 5
41
540 410
69-5
634
5V0
69-6
68-4
810
340
880
320
80-0
88-0
89-0
34-0
4ao;
5-2-0
400
Bl-0
570
81-2
67-01 «»-9
84-5
830 9V0
85O 320 380
8H-01 88-0
86-0
42-0
88-8
420
860
S4-0
80-2
14-4
65-7
58-3
370
65-3
K-0
8.1-8
«0
87-7
84-4
83-0
80-4
59-
810
71-(>
57-2
5a-u!
70-9'
680
82-4
78-2'
76-1)
75-8
•n-8
41-3
88-1
89-3
91-0
61-7
»«"j;
MO
Hl(h<«t...| 78-6
Lowett.... U-8
77-5'
77 5
7,»9
800 790'
311
31-8
ATonite.
.
PaitUw.-
i
17B
W9
45-«
Avenge. ..
lAimt...
1.15
48-4
548
74-«' 70-0
Wi
-2-8
1-S
10-0
820, 80
l«0j l«-5
S2-2
85K
81-7
45-3;
45-5
7*0
78'0l
79-0|
840
vo
;»-«
90-1
4ri
Blfb'et...' 71-0
..'
Awrure..
".'..':
'
U>»e<t....
ATPThre..
1
64a
81-Ui
67-7
78-0
17-0,
44-8'
2«-0 28-0,
"'-'»
'"•«' u7-7
49-6
I
AiutinUUhaet...
80-0
W0\
310, 30
61-9
47-*,
77-0l
Ijvwett
Ae«>««»...
There
75-0,
79-0
66-V
75-3' 81-0
41-0' 320
21-Oi
**1>
69-2
....
81-0
W4
dition of the fields
Ffbrutry.
.1-58
4-12
3-48
1-96
1-97
9
2
7
3-75
8-88
027
2-45
6
2
1-02
2
S-98
6
6
11
I'
Hulnfall.lD
4-80
200
2-93
DaTsrain..
12
10
12
2-.S5
2-85
12
12
rain..
S-63
0-36 11-53
10
13
4-21
5-24
10
6
3-17
7
9-17
11
356
9-78
5
»
7
11
5
2-73 10-11
9
14
2-47
3-40
207
8-84
4-15
1-27
7
8
6
10
11
4
4
8-OS
207
12-S2
7-44
0-61
8-05
10
11
13
14
6
3
9
Days rain..
Selnia
Kiilnfall.ln, 3-25
8
6-70
1-07,
—
9
Days rain..'
Auburn—
j
3-3H
Halnfall.in
Days
!
10
rain..[
7
2
4-20
10
2-46
8
8
8-18
10
1-59
6-99
8
9
5-40
10
7-24
1-79
LOUIS'ANA
Xew OrteanaDays
rain..
Shreveport.—
Rainfall, In
3-31
I
8-41'
14
14
1-92
3-62
5-37
6
8
Days rain..
9
KainfiiUiin
Days
rain..
90-0
51-5
81-9
32-3
58-0
800 OD-0
280 280
519 65-81
89'8
8?-0
81-6
890
630
8*01
900
320
COO 020
480 570
Halnfall.in
90-0
67-3
74-9
Qreenvilte—
Rainfall.in
8/5
850: 810
M-Oi 415'
89-5
55-0
78-6
9'!0
40-0
73-9
explains the reason for the con-
Vicksbiirg.—
Italnfall.in
3-93
rain..;
9
Days
Days
4-10
a
rain..!
8-51
11
13
12
8
D13
3-67
10
6-48 1420
7
15
5-771 4-83
»
4-78
II
8-85
ro7
6-60
1-40
16
18
8
3-6614-47
9
12
1020 5-82
4-43
6-62
4-52
4-96
6
6
8
6-12 14-03
7
17
13
6
15
4-45
20-60
914
8-09
9
10
6
6-73
16
6-70
2-02
14
7
8-29
14
3-10
10
2-70
5-80
510
8
3
11
8
2-80
11
8
1-65
8-86
7
5
7-48
9
6-28
6-67
6-82
8
9
10
6
8
3-97
5
11-78; 8-16
6-90
14
5-40
5-41
18
2-97
3-17
3-50
9-05
1-15
6
10
8
10
D.-iys rain..
3-66
6-01
8-12
3-20
1-18
0-91
6-00
516
9
6
13
t
8-90
3-16
8
8.26'
U-Sl
8
Leland—
j
Halnfall.in
2-99
2-30
Days rain..l
AKK'NSAS.'r
5
3
....
....
Little Rocls.-
Hainfall.ui
2-86
9-OS
10
16
4-10
9-80
10
Days rain..
Mount Ida—
Days
—rain..
S
6-46
12
8-41
10
3-11
B-80
2-20
10
5
4-08
7
2-53 10-74
Days
15
8
rain..
5-66 10-58
8-40
10
3-99; 7-08
6-20
5-35 10-25 10-30
11
9
1'"
4-90
8-80
8
9
8-30
11
2-84
10
8-92
12
407
8-80
9
1-48
1-88
2'28
7-831 2-82
10
2'59
11
8-70
8
1:38
S-B8
11
13
Helena
Fort Smith Rainfall.in
March.
8-48
13
10
4-77,
805
Italnfall.in
Days rain..
1st.
7-23
8-21
I
Ralntall.ln
Broolihaven—
50-0
l!90
13
5-54
LitienyHill—
Days rain..
MISSIs'PI.
Columbus.—
RalnfaU.ln 327 1151
Days rain.. 4
10
1-18
10
i
8
rain..
81-9
52 6
69-5
830
:
8-92
18
18
I
6-16
Rainfall.in
87-5
7-J-8
1007 2-58
7
Pt .Pieasnntr-\
Days
8-19
3-92
8
5-78
12
82-3
3S-4
8411
5
16
6-48
88-2
47-3
6r-o
810
8
S-61
5-40
Halnfall.in
76 2
....I
....
1-85
4
9-50
IS
Tu^caloosa^-',
660 K-3
....
4-78
10
4-22
4
rain..
75-4,
42-0
85-0
3
8-77
4
71-3
821
10
6-83
11
3-19
57-1
44-0l
eo-oi
U
1-52
T'lUahnssee—
85-7
«2-3
on June
—
aatnfaU.
it
8
0-15
4-80
10
Kainfall.ln
statement, except that
10
3-96
87-4
nothing to add with regard to the rainfall
is
5-45
14
5-32
592 411
71-5 875
OarlmvaitHl«tl<Mt„..
4-48
10
7-74
7
Days rain..
Sanford—
BainfalMn
Days rain..
Hainfall.in
420
39-8
00-5
21-s
8-82
5
6-84
lUinfall.ln
-
UKtaeit...
1-24
10
6
Qr'1. Cotenur7.1-S
Atms*
—
Days
TKXA9.
f.
5
rala..
8-84
I]
2-21
2-14
8-16
2-93
M'tdlson
Kainfall.ln
Days
BKlMnt...
jTi^Wirt"
6-90
Montgom'y.—
TBnCBS-B.
.ViukvUlt.-
B-68
11
ATjABAMA.
I
rartSmUh-
May.
1885. 1884. 1883.
Halnfall.ii
'
I
480
860
Days
0-48
602' 1-56 001!
11
9
2
RalDfall4r^
ItUklilK*.-
April.
1886. 1884. 1883,
FLORIDA.
88-0
5.S0
78-0
880
98-0
ss-u
1885. 1884. l^HS.
1885. 1884. 18S3,
1888.1884. 1888.' 1885. 1884,
I88ft.{l884.|l88a
[Vol. XL.
February.
JfaK.
April.
March.
UOWM«
I
THE CHRONICLE.
ntrwumttv
I«
\
12
18
14
9
3-94
6-20
10
10
8
TENNES'B.
HashviUe.Rainfall.in
Days rain..
Memphis.—
Kainfall.ln
Days
2-00
8-18
2-83
889
3-94
8-75
8-Bl
13
27
16
20
15
IS
12
l-f8
9-81
307
6-08
4-43
7
20
13
15
12
12
18
8-10
8-80
600
rain..
8-09
18
9-10
15
-12
300, 8-80
S-05
18
;
4-79
11
5-55
6-46.
iV
14
AshwoO'l—
2-40
Ralni'all.in
Days
rain..
5
Aunt in—
700
12
14
6
8-IOII 8-90
8
U
3-90' S-IO
7
7
11
i
jl
206
Kainfall.ln
Days
7-30,
rain..
8-27| 7-43'
12
16
2-04
0-89
14
1-15
17
004
0-81
1-37
8-20
10
14
S-17
12
4-84
13
1-95
1-91
1-42
2-55. 2- to
13
8
8
8-60
10
I
I
I
4-7S
7
3-«l
3-47;
8
I
7
TBXA8.
Qalveston.Rainfall.in
Days
rain..
7
Inilianola.—
Rainfall.in, 1-B9
Days rain..! 10
8-85
8-481 6-»l
7
ElO,
13
10
I
'
519
10
9
17
13
10
4-01
2-25
II
3-62
11
6-35
6
2-47
11
0-87
0-27
0-53
0-34
004
7
3
5
3
3
1-01
4-12
2-82
8
14
8-59
7'94
12
I
9
Palestine—
Rainfall.lnl 3-02
Days
rain..
Tort BUiot—
Halnfall.in
Days rain..
Ctehumt—
Kulnfali.ln
Days
8
rain..
17
5-14
16
7-30
15
8-53
11
4-67
10
1-08
0-82
8
6
6-26
6-11
3-64
9-02
8
16
13
13
12
8-08 17-25
16
12
2-85
!
8
4-50
8
5-20
8
ClarksviUe—
Rainfall.in
Days
rain..
A ustiii—
Kainfall.ln
Days
10-38
2-98
8-SS
13
8
17
0-78
8-22
i-45
4-71
7-78
4
e
8
18
8
rain..
9-53
12
8-40
12
7-85
11
I
+ FlKures prior to Sept.. 1S84. are for flroene SpriOffS.
t Station distroyed by tire April 21, 1885.
to
The foregoing facts furnish sufficient data from which
draw intelligent conclusions upon the points covered by
this report.
CONCLUSIONS.
They may be briefiy stated
First.
The inclination to
—
BattlfallJii
I^trmln..
MatoH.RMarkll.liiI
Jl»nnla..i
5
»-M
:
cotton production
hardly be otherwise with the relative prices of commodi ties as they now are.
Why should [surplus wheat be culti-
7
prior to
increase
very evidently exists and has been indulged this year. One
would naturally anticipate such a result; the truth is, it could
4-7S
Ratnrall.ln 4'ao
n»r« rmln_i C
tlntm
as follows
reDnury.
1888. are foe
SparUoburg.
~
vated in the South
when
tendency
the
planting
?
even
in
In fact
the price is so low that the
Northwest is to restrict the
why should any food products receive
—
.
.
Junk
,
.
THE CHRONICLE.
13, 1885.J
enlarged attention in .the cotton States when at present
values and rates for railroad carriage they are all of them
707
As a result there is no such marked difference
sometimes is in the date of the early and late
cheaper bought than raised? Or why should Louisiana plantings, but the whole production is fairly well advanced.
produce sugar when under the competition of the beet(2.) Cit/livallon had been kept up very satisfactorily all
root product from tho continent of Europe it is hardly along until during the last ten days of May, when excesworth gathering, not to speak of cultivating? Then, sive rains in portions of some of the States prerented
again, the financial ability of the South, taken as a whole, work and caused the grass to grow rapidly, becoming
to indulge its desires in this particular was never more troublesome in a few sections.
The first week in June,
To be sure it has raised two however, the conditions changed, and this complaint was
evident and positive.
short cotton crops, but both years the yield of all less widely heard, while the same rains were very benefood products has been fairly good, and whatever ficial elsewhere.
in that lino the cotten States had to buy was very
(3.) Condition of the plant, therefore, is now taken as a
commanded
while cotton has
cheap,
relatively
better
prices than any other of the country's commodities.
thermore, the last crop was
raised with
less
Fur-
borrowed
character.
as there
whole, very promising indeed
— far better than
year or the year before at this date.
either last
Especially
is
this
true of the richest sections of the South, where the start
less debt than for many a in 1884 was so poor.
The Mississippi Valley is unusually
And, finally, the promising, where a year ago the outlook was so unfavorhard to get.
South is developing prudence rapidly, learning how to able. Whatever, therefore, the future weather may be, it
economize; we do not mean forced economy, but fore- would seem almost impossiblo with such a start not to
thought rather, which never spends the last dollar. Much produce this summer a considerably increased crop.
money, and
therefore left
year, capital being very
more nearly than heretofore each
State feeds itself, while this
year at least the people have shown less inclination to
speculate, having as we hope learned the lesson that the
of cotton
prices
do not invariably advance.
For these
For the purpose of enabling the reader the more readily
compare the early weather conditions with previous
seasons, we have prepared the following:
to
and according to the foregoing analysis that proves
been the case, the changes having been as follows.
Tlie spring
1885.
1881.
The spring opened
093,000
704,000
067,000
284,000
984,000
564,000
995.000
1883.
to
have
EsHnutted for 1885.
Acreage,
1881.
States.
Deereaie,
I
1,072.000 2 per cent.
Koi th Carolina
South Caruliua
Georgia
1,687,000] 1 i>cr cent.
3,007.00o| 2 Iter cent.
278,000 2 percent.
2,897,000| 3 per cent.
Florida
Alabama
2,489,000j 3 per cent.
921,000: 8 per cent.
3,257,000, 13 per cent.
Hlssissipiil
Lonlaiana
Teias
Arkansas
Tennessee
Other States & Ten..
,680,000
,305,000
1,231,000 6 per cent.
895,000 •1 per cent.
100,000 3 percent.
931,000
103,000
Il8.710.000
17.814.0O0^4-91percent.[
Total.
is,
Acres,
Increase.
In the opening of this report we have given the total
With that table
production of each State since 1875-76.
and the above acreage
indicating as
it
table, the
following becomes of use,
does the yield per acre of each State.
YIELD PER ACRE OF EACH STATE FOR TEARS NAMED.
rounds per acre.
StaUs.
i
i
i
6
00
00
CO
g
H
CO
00
r-t
r-t
220
Tennessee. 177
99
127
216
260
240
288
199
177
127
120
72
94
167
235
140
199
145
211
170
149
103
126
200
267
224
202
195
197
173
141
101
130
206
265
167
263
207
AreraBC. 149
194
144
187
180
So. Car..
.
Bo. Car....
Georgia
.
Floi-lda.
.
Alaliau>a
.
.
.
Mi8si9Sii>pi
lyotilsiana
Texas
Arkansas
177
122
117
101
93
166
239
161
198
171
153
Note.— For tho purposes
of this table
to
00
e
S
{?
00
00
00
r00
190
169
144
115
244
192
238
156
146
102
133
178
249
163
295
184
230
101
135
110
125
160
235
198
227
152
188
110
r20
108
146
191
245
205
251
102
203
183
122
110
127
129
199
200
1S5
100
171
177
109
173
151
121
179
223
182
1
!
we have taken the
;
—As
to maturity, cultivation
CO
avf raRC nei;
•wdslit ot l>aU's. which in 1883-84 was 451 lbs lu 1882-S3 was 4t!i
iu lsSl-82. 447ni.s.; 18S0--1, 457 lbs.; 187!)-S0. 4.">2 lbs.; lb7S-7l>,
lbs.; 1877-78, 431 lbs., and for previous years, 440 lbs.
Second.
and condition
Ibs.-
415
of
much
rain.
fully two weeks later than last year, Xtxav^a.ture everywhere being lower. April, however, showed a decided improvement, tliough in the later sections there were
cold turns down to the miildle ot April. Since tlien, with the
exception ot a drought of three weeks In Atlantic States during
May, and too much rain during tlie same weeks in Texas, Arkansas, part of Loidsiana, and other limited sections, the
;
With such
of each year
rear.
As
too
weather has been everywhere very hot and forcing.
Planting began more than two weeks earlier than last year,
and the seed came up well. May was remarkably cold, and the
growtli was checked during that uiontli, but in general there
was no excess of rain, so that tlio fields were kept well ooltlvated and clean. About tho last of May and first of June it
turned warm, the plant began to grow rapidly, and the latter
part of that month the condition became quite promising.
1883. There was great delay, more especially in the Atlantic States, In
getting in the seed ; March and April were cold and wet, and
May was dry over a considerable section. Altogether, therefore, the start was a very late one and inferior in the Atlantic
States. The latter part of May the surroundings grew more
favorable, and on the first of June tlie fields were clean and
the condition of tho plant was fairly good, though still backward
1884. Spring was late, but lu the Atlantic States no more backward
than a year ago. Early progress was, however, slow everywhere, and cold weather made re-planting necessary in many
£till, the surroundings the tlrst of June were better
cases.
tlian a year ago in the Atlantic States and In Alabama; bat In
the remainder of the Gulf States and in the Mississippi Valley
both rains and floods prevented work, and over a considerable
area made re-planting necessary. Since the las; week In May
the Southweftern oouditions have improved, and opened up
the possibilities of a good season there; but drought woaM
prove a severe trial In those sections.
1S85. Planting be<;an somewhat later than In the previous se.-won, IraS
progressed rapidly. In many sections the early derelopm*nt
was rather slow, but in general tho seed came up well, and
during May made very satisfactory growth. A miich smaller
amount of re-plauting than usual was rciiulred. On June 1 the
fields were clean and well cultivated, except in some district*
where the heavy rains late in May stopped work but since tho
flrpt 6r June there hag been a favorable change, and latest
advices Indicate a good promise everywhere.
the plant, the conclusions reached are as follows:
(1.)
opened early and the ground was woU prepared.
March and April were, on the whole, both favorable fcpr farm
work, and May and tlie first half of June were aUo favorable.
The main exception to this ha>! been that in a jwrtlon of the
Gulf States and the Miijsissippl Valley there was too much rain*
Since the first ot June, t.ike the whole cotton section together,
the conditions haye been very satisfactory, execi>t that tbere
is a small section ot the Gulf States where the complaint stlU
1880.
reasons one would expect a growth in acreage this year,
early conditions, the stand and later history
may be
Stand.
\
briefly stated as follows.
July to
Sept.
Tear's rerHl0.
Sept. to Pee.
to maturiti/, although the early spring wecather
was cold and the planting was late, the crop was Juno 1
what may be called a medium one. We do not remember
a season for a long time when there was so little re plantScarcely any frosts have been reported anywhere
ing
since cotton was up, while floods, which were so prevalent
and disastrous last year, have been of the most limited
of Picking season ex- Yield, 6,530,320
rain tr.-iuely rulny and
wild; neverworse.
almost ev- In
erywhere; more espic'lly Killing fro.«ts gen Inereased cnq^
.\Iso
oral from Nov. 5 14-4 per cent.
too much in July.
rain In a{ eaterpllbirs in to Nov. 27.
small sec-j Texas, Ixiuist- Picking closed gen
ttonofOulfl ana. Miss, audi eraliv subseiptent' inn c.« . acreage^
« „„fg.„_
Ala., without to Jan. 1.
Ala..
States.
11" iier cent.
miuh duiuape.]
Very
anil
good Complaints
eiirly
too
much
8oiitliwct.t
i
1880.
,
.
:
THE CHRONICLE.
708
July
Stand.
Ttar.
SUnd
Tear's results.
Sept. to Dee.
to Sept.
5,435,845
Yield,
dronglit Plokine season ex_
extreme; trenielj- hot and
ircat
InU)
ev'yffliere
and
dry Decreased crop
but wltb hlKh tcmi'ora- generally
frost? from
17-5 per cent.
April oon- frealltliroiifrlilKmins
to Nov. Zo.
Nov.
4
in
summer
tliu
dlViuturn
Picklngcloscl from Increas'd acreage
ed fsT.only tUo larger noraO to Deo. 20.
too drr « Uon of the Nov.
4-51 per cent.
'
1881.
laotiDjaoe South.
I
season gen- Yield,
'stand good Season favora- Picking
but »ome- We, though
favorvery
eralljliackwlmt
-were at
wnl. owing there
AearlyM'y plaints of too
NoT.13 to 30. Pickbut subsequ'ntwarm much rain and
seasonable at other times ing closed about
w e at h
r
of drought in
Deo. 31.
portions ot the,
ve''r>"Apld
28-6 per cent.
D«T««s'<? acreage
\_
5,714,052,
Bland poor Great drought PIckmg season gen Yield,
execUent
In Atliintlf and exocs-ive crally ^,
in
gathering
for
in'
States but; temperature
Decreased crop,
falr.ygoudl Texas all sum- the crop
Same Killing frost Nov. 1
elsewhere. m e r.
18-3 per cent.
1888. Kxcesslve conditions to Dec. 1.
I
June rains elsewhere only Picking closed
In Atlantic In most coses about Nov. 15 to
Increas'd acre-ige
States and less prolong'd. Dec. 5.
SUnd fairly ICrop Jly
gen-Picking soas'n very Yield 5,690,000,
1
everyestimated.
condli'a poor, wh're and the crop
Drought and secured in good
high tempera- condition.
Decreased crop,
turc in July &'
Aug. wors" in Killing frost Oct.23
42 percent.
Tex'a and Gnlfi to Nov. 30.
gooil in At-' erally gr'ssy &| favorable
liintloSt'cs
but poor in
Missl.-slppi
Valley and
1881. Gulf, (old
and rainy
June, espe-i
States,
but|
daily on prevalent i"jPlcking closed
the Atlan- portions of all about Nov.
States, though! Deo. 10.
not so prol'gedl
10 to
^.
^acreage
2-21 percent.
I
pt0ttctargg®0mmcicciaX^tt0lisltP^ew»B
BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
MXOHAlfaX ON LONDON.
MXaMAMSB AT LONDON-itay 29.
Latest
Time.
Antwerp
PMis
PkIs
»12-2
«20-60
»20 60
320-60
20-56
12-60 ®12-62ia
li-ao ai2-62isj
25-45 «2.5-.50
23»8»23''8
II
M
14
St. Petersb'ii
»12-338
**
Short. 2.5-20 ®25-25
Smos. 2.^•37^^^25-42l«!
I
Oeoo*.
25-63 !ka'i3-68^
Itodrid.
43''ei»4fiis
....
Oidte
45''8346>s
Usbon
3 mos.
Alexandria
ConatanVple
Bombay
...
dem'nd
Oileotta
ewYork..!
Bong Kong.
Is.
iB.
May 29 Short.
May 2H
May 29 siiort.
May 29
May 29
May 29
May 29
May 29
May 29
May 29 Checks
May 29
May 29 Short.
12 03
May 29
May 2 9
May 2S»
May 29
Mav -29
iFsi)
May
71ifd.
71, «d.
May
May
May
May
Bbanghal...
BaU.
Time.
Jtate.
Amsterdam. SmoB. 12 318
Amsterdam. Sight. 121
Bambarg.. 3mos. •20-56
<*
Benin
2056
rrmnkfort...
yiemut.
Trieste
3 mos.
20-45
20-39
20-45
12-46
all
The Bank of England rate of discount has been reduced to
But for the uncertainty of political affairs of late>
the movement might have been determined upon earlier, as
the Bank has been practically out of the market for a long
2 per cent.
Recently Lombard Street has underbid the Bank to
the extent of fully 1}4 per cent. This makes the fifth change
The year opened with the rate at 5 per
in the rate this year.
cent, and it remained thereat until the 39th of January,
when it was reduced to 4 per cent. The next move was on
March when the quotation was fixed at SJI per
7th it was lowered to 3 per cent and the following week to 2>^ per cent. Now it is 3 per cent. There
will no doubt remain until some improvement in the
it
trade demand causes an absorption of some appreciable portion of the large supply of capital at present lying unemployed. The following shows the position of the Bank of
England at the present time, compared with December 31st
the 19th of
On May
last:
respects the past
1881.
other bills
Public depopits
Other deposits
Government
£
23,037.210
9,104,828
24,947,551
24.223,365
7.519,069
27,931,058
14.097,134
20,836.283
—313,815
—1,585,759
18,3t)8,515
,'1,960,229
-(-6,161,474
17-85 P.O.
3 p. c.
27,301,339
11,408,286
Some important changes
Open market
The
Interest allo^oed
for deposits by
rates.
London
May
At
3
If
-
8
® — 8?<a«>^'3
®3}i
8K99^
2H®2>«[25«9 - 2J^® -|2Ma2W'2JS9S j3«aiS?«
1«91?<!2 ® - 2Ma -2H»2!4'2'4S2?S 2Ji®25«
IM® - 1«® - 1?^® -'2 ®2}<£'2Ka2(^;2«®3
1
a -ha® -hnm -jh92h^ ®2)^2m®2K
Dams-
Call.
m-2H
5«
2>*
2
2«-2M
IH l«-lM
H»
1«
1
1
1«-1M
IM-lM
h H-H
1
SO 2
110-87
7 to 14
]
2J^925^ aji®
1
Wte
Dis~,'t
Joint
Four
Six
Four
Three
Stock
Six
Months Months Months.Montha.Monthi^ Months Banks.
Three
62032d.
62932*.
The following return shows the position of the Bank of
4-8«-^i
38. G-'ei.
48. ICed.
England, the Bank rate of discount, the price of consols,
the price of middling upland cotton and wheat, and the B.ankers'
Clearing House return, compared with the three previous
Is.
18.
years
1885.
A«
to business the holidays have been a hindrance to
enterprise, but whatever change may have occurred
any new
commer-
A
be considered favorable.
hardening has been
noticed in the value of some metals, notably tin,
and if no
great improvement can be reported in the textile industries,
the prospect is certainly not more discouraging. A careful
•tody of the position leads one to adopt the view that had
it
not been for political troublfs and the consequent
developof a feeling of distrust, the spring
might have witnessed
a decided commencement of the dispersion
of the gloom
which for so lengthened a period has surrounded
most
branches of industry. An abundance of
cheap money would
have facilitated an extension of real
enterprise, whilst the
genetaUy Batiafactory state of the crop
prospects would have
been a (fuarantee for greater activity
in the home demand for
our manufactures. But nothing
could be done without con-
ndenoe. and the time lias not
yet arrived when we may congratulate ouraelves on ite being
wholly restored. The dispute
w^th RusBia may be amicably
settled, but it is the unexpected
it
'
is
Oovemm'tsBcurltlee.
Other securities
Res' ve of notes & coin
Coin and bullion in
both departments..
and
c.
in the above,
and has been very easy in
a very strong one, and fully justifies the action of the directors. Day-to-day loans are quoted at
Following the action of the
}4 per cent, with no borrowers.
Bank of England, the joint-stock banks and discount houses
have reduced their rates of allowance ^£ per cent. Discounts
are weak at the undermentioned quotations :
The Bank return
value.
*
Olronlatlon excluding
7.day & other billa. 24,22:j.365
Public deposits
7.519.069
27,931.0.^8
Other deposits
that frequenUy happens
4-931,515
£6,468,057 in other securities.
Money has been in large supply
Apr. 24
has wholly changed, it being now stated
that an amicable settlement has been arrived at between this
country and Russia on the Afghanistan frontier question.
ment
2 p.
0.
shown
are
4-2,9-'3,507
-6,108,057
reserve has increased nearly seven millions, the bulk of
which is on account of bullion received. The slack aning of
the demand for money is apparent in the diminution of
is-Ygis
London, Saturday, May 80, l&SS.
week has been a quiet one. The
may
p. o.
5 p.
political situation
dally
33 ^
.
rate
£
26.811,830
51-60 p. c.
20,ti95,406
Propor'n of reserve to liabilities
Increase or
Decrease.
27,
1885.
£
13,16-2.619
securities
Other s»curitie3
Reserve of isotes and coin
Coin and bullion
II
29 tel. tsfs
II
29
29 60 days
29 4 mos.
29
May
December 31,
Circulation, excludiDg7-day and
25-28
[From oar own oorrespond ^nt.l
In
finally avoided.
Bank
1
Ow—
official
5-18 per cent.
eetiomi.
tto.
ajd in the absence of any
information to go upon, to have estimates of a probable revival of trade on the assumption that all danger has been
present sta^e of the negotiations,
cent.
ome other
[Vol. XL,
time.
1-55 per cent.
Boutli.
Imp'Tcm't.
6,992,234.
able. Killing frosts Jnereased crop,
times oom-|
I.MoliHiir.
18S2.
;
.
would be too hazardous
in the
1882.
1883.
1884.
£
25.33fi.950
9,036. -240
23, 130.654
25,575,640 26.330,880
5,711.023
7.356,165
22,917,638 24.952,660
13.S31,979 13,174.213
23,509,757 22,468,401
10,732,771 12,753,821
14.097,134
20.836.282
18,368,515
12,639.977
21.812,326
15,552,016
26,841,880
25,133,966 20,49 ,811
23,154,704
Proport'n of reserve
olGO
to liabilities
Bank rate
Consols
Eue. wheat, av. price
Mid. Upland cotton..
So. 40 mule twist
-'
p. c.
p. o.
2
lOl^sd.
35a. lod.
51iiod.
48
p. C.
2>a p.
0.
10 Had.
383. Od.
5^8^.
35 H
4
p. c.
p. 0.
102d.
439. 7d.
5i4d.
40%
p. c.
3 p.
0.
lOOOsxd.
483. Id.
6d.
10i<d.
9144
lOd.
ClearlnK-Houserefn. 75,615,000 95,480,000 128,039,000 126,100,000
Abell report as follows on the state of the
Messrs. Pixley
&
bullion market
Gold— The absence of
:
all demand for gold still oontinuos, and all
amounts arriving bore have been purchased by the Bank of England.
£184.000 baa been sent In during the last week, aud uo witlidi-awals
have talien place. The Ku ipobu brought £65,00i) from New Zsaland
Pekin, £25.000 from Australia; Moselle. £.^.600 from West Indies;
Orient, £6,600 from Australia; Nepaul, £3,600 from Malr.is. aud a
French steamer, £36.000 from Central America— total, * 141,800.
Silver is slightly llrmer, iu sympathy with the better rates received
from India. The arrival from the River Plate was tlxed at IM 'el, and
wo quote to-day 19:<i'id. The chief arrivals are £60,000 from the Kiver
Plate, £16,.=i00 from New York aud £1,700 from Australia -total,
£111,200. The Mirzapore takes £129,500 to Bombay.
Mexican dollars have been merely noraiual until to-day, when the
arrivals by the Moselle were disposed of at 18d. for export to China.
They amounted to £128,000, and there were no other arrivals of Im-
portance.
The quotations
for bullion are reported as follows:
k
5
JCMB
THE CHRONICLE.
18, 1880.]
Pri««o/ OdUL
<Un|i«8.
Maytt
Prif
llayM
of aUv*r.
3r,ii/2l.
d.
Bar goM, (In*., oa. 77 »
Bar gold, oontaln'K,
lOdwta. surer. 01. T? low
BlMUi.
77
40
Cake allTar
oi.
Mexican dola...ot.
doublooaa.oa.
mature on June
48
29, are notified that
they can renew their bonds for a further period of 2i}o years,
but at a lower rate of interest, namely, 4 per cent per annum.
The weather has become more favorable for agricultural
affairs than has been the case recently.
Vegetation may now
be expected to make greater progress. At present crops are
rather backward and warm weather is requisite to bring matters for\Vard; but a week or two of bright warm sunshine
less
money—say
to the extent of 6d. to
33.073.488
_
totals for th«
1882-.-?.
l«8t-3.
31.487,800
28,|-.>8,00<>
flour
and Indian
Liulumk.
Ltutuear.
1883.
qr*. 2.S89.000
2.Hn,'>.000
I,04:),000
82.3,000
2,11.^.000
217,000
43.5,500
_
Wlisat.
i
Alpraent.
nonr.equal to qrs
M»liO
qm.
231.000
414,000
218,000
414,000
BnalUh Financial narketa— Per
2i\,000
Cable.
The daily
closing quotations for securities, &c., at London
are reported by cable as follows for the week ending June 12:
London.
Jllver,
peroi
d.
Consols tor money
i>>nBolH for account
Fr'oh rentes (In Paris) fr
D. 8. 4'g8 0f 1801
a. 8. 4s of 1907
Canadian Paolflo
Chlo. Mil. A8t. Paul....
Erie, ooinmon Btook....
(lUnois Central
Pennsylvania
PhUadelphlaJs Reading
Vow York Central
Bat.
Hon.
40i«
99^18
49ie
I
9WU,g
Tiie*.
Wtd.
4g>8
»»»!«
9914
49>«
99:ii«
991 'is
8 1-82 'a 82- 1
8200
115
115>9
11.5 »9
I25>a
40
12.539
39-'g
67'4
897.
91)»,j
G678
9^8
9''h
lOis
I2«i4
49
49
6%
fl!(|
6%
84°g
83 Ta
6^
84 «8
SI'S
84^8
0^
I
nnif
91l»,6
9tiT,
1261t
I
frt.
49»„
82-25. 8Z-12ia 82-25
11514 illSU
1151s
1?6^ .xI28X«
125»B
sgsg
39^
40 •«
6718
67 'b
69ie
10
10
O's
12«is
I2fl'a
127
48I9
48<^
4B>4
12.5 "g
39 •«
67»8
Thun.
127 Hi
49
6%
I
I
84>8
OJomm^vcial and pUsccIlawcatts ^cws
Imports and Exports fob the Week.—The imports of last
week, compared with those of the preceding week, show
an increase in both dry goods and general merchandise.
The total imports wore $7,075,787, against 10,240,384 the preceding week and |7,6.'33,911 two weeks previous. The exports
for the week ended June 9 amounted to $6,058,749, against
week and |6,407,283 two weeks previous. The
following are the imports at New York for the week ending
dry goods) June 4 and for the week ending (for general
merchandise) June 5 also totals since the beginning of the
|5,436,2.>9 last
(for
;
first
week
in January:
would speedily change the aspect of affairs.
Holiday markets have prevailed during the week. Business
For Week.
has been more or less in a state of suspense, and has never
Dry Good.'!
gone beyond the limits of actual requirements. Wheat has Gen'Imer'dise,,
mostly ruled weaker. A quotable decline can hardly be menTotal
fioned as general, but where there was any inclination to force
Since Jan. 1.
business, sales could only be arranged by the seller
1883-t.
».
owt. 33.488,030
The followingshows the quantities of wheat,
corn on passage to the United Kingdom:
1(1
Consols have ranged as high as 101 -^j. Allowing for the
accrued interest, they have not been so strong this year; hut
that was about the price at the close of November. On the
last day of 188-1 the quotation was 99 x.d.
The current price
carries with it five months' interest, equivalent to 1,'.4 percent,
so that Consols liave been really •'4 per cent better than they
were at the beginning of the year.
When the tension
between this country and Russia was most extreme, the
quotation fell as low as 04J^. Considering its character for
stability, the fluctuations in the value of the so-called "antibilious stock " during the five montlis have been very noteworthy.
The Denver & Rio Grande shareholders have formed a committee to confer with the bondholders, the object being to
obtain a pre-preference stock in exchange for the assessment
which it is proposed to levy on the shareholders.
Tenders are invited for a new 4 per cent New Zealand loan
for £1,500,000 to mxik pari passtu with existing 4 per cents.
The minimum price is £97 lOs. per cent.
Holders of Canada consolidated !i per cents, which to the
of ,£5,457,600
Converting quarten of wheat into owta.. the
whole kingdom are estimated aa follows;
Whnat
Bar illror.oontalnIng agr*. aold..oi,
709
1884
40 3 Id
BartllTor. an*..oi.
77 low
B.Ani.doub1oonfl.oi.
amount
.
Dry
accepting Geu'iGoods
mer'diae.
VOBBION IMPOSTS AT
1882.
MEW
TORK.
1884
1883.
$1,319,639
«790,761
6,242,609
0,36-.J,179
1885.
$1,191,013
5,880.814
$7,712,118
$7,033,370
$7,974,367
$7,075,787
$81,372,081
165,823,911
$55,569,503
145,057,216
$53,457,31.5
$44,112,139
123,402,602
145,750,461
per quarter.
The
Total 23 weeks. t227.195.992 $200,626.7191$'. 93.207,776 «167, 514,741
improvement in the weather and the weakntss reported from
In our report of the dry goods trade will be found the imAmerica must be considered as the causes for the growing difficulty experienced in maintaining the late advance, ports of dry goods for one week later.
The following is a statement of the exports (exclusive ot
which is slowly disappearing. The American visible specie) from the port of New York
to foreign ports for the
supply is reported as
being
rather
less,
but ship- week ending June 9, 1885, and from January 1 to date:
ments have increased, and as arrivals have not been
BXPOBTS FROM NEW TOKK FOB TH8 WGBK.
excessive, the quantity of grain on passage remains large. The
1882.
1883.
1884.
1885.
statistical position has not in reality greatly altered, and cow
that the danger of an interruption of relations between this For the week...
$3,302,476
$5,988,7-27
$8,435,075
$6,058,749
country and Russia has been materially lessened, the primal Prev. reported.. 135,064,675 151,156,482 123,419,197 140,822.423
influence for steadiness is passing away. Unless there be some
Total 23 weeks. S140.367.151 $157,145,209 131,851,272 $146,831,172
fresh occurrence to infuse new life into the trade, we may
The following table shows the exports and imports of specie
witness a return to the old status quo, and the markets will
at the port of New York for the week ending June 6. and
then be characterized by dulness and inanimation.
The following return shows the extent of the imports of since January 1, 1885, and for the corresponding periods in
1884 and 1883:
cereal produce into the United Kingdom during the first
thirty-eight weeks of the season, the sales of home-grown proBXFOKTS AND IMPORTS OF SPBOIB AT NEW TORS.
duce, the average prices realized, and other items, compared
with last season:
Imports
Sxportt.
Is.
IHFOBTg.
1883-4.
Wheat
Barley
Oats
Pea8
Beans
ludianoom
Flour
IR84-5.
owt. 37,2d6,012
12,751,«95
38,078,40,:;
gold.
1882-3.
47,234,474
12,214,796' 13,414,.=)09
8,3SO.OH3 10,610,909
i,5s9,7!4
1,22.5.309
1,800,499
1,967,798
19,219,3(5 14,87*, 813
11,2S3,751 13,015,211
8.931,3.54
1,396,594
2.396,122
18,324,617
12,720,151
Week.
1881-2.
43,.5il2,.'i50
10,437,290
10,510,149
1,432,^72
1,301.0.^5
15,842,627
6,883,275
Supplies available for consumption (exclusive of stocks on
September 1) in thirty-eight weeks:
1892-3.
1881-2.
Importsof wheat. owt.37,2GO,012
1883-4,
38,07,s,t05
47,934,474
43,r.92,.550
Iiiipnrts of flour
ll.'.!8t.75l
i:i,015,'iH
1884-5.
33,073,483
31,4«7,800
6,883.275
28,128.000
83,433,644
94,717,483
73.603, 825
12,7-.!0,15l
Sales oiUome-growu.. 33,463.930
Total
f'3,455,093
The extent of the sales of home-grown wheat, barley and
oats in the leading markets of England and Wales during the
first thirty-eight weeks of the season, together with the average prices realized, compared with the previous season, are
shown in the following statement:
1881-85.
Salet.
a.
Wheat, nrs
2,333,346 34
Barley
Oats
13,917,8.57
1
I8S3-84.
Av'ge
Price
31
202.478 20
d.
1
Sale*.
1882-83.
Av'ge
Priet
».
Sate*.
d.
i^
«.
d.
2,305,777 38 11 1,988.528 41
fi
33
7
242,127 21
1
3 3,044,150 32
324,10.1 20
3
1
1,937,20-.
Sreat Britain
France
Gtermany
West Indies...
Since Jan.l.
$256,800
9,562
30.805
5,426,112
tfexloo
Sonth America
All other oouutries.
Tetal 1885.
Total 1884.
Total 1883.
7,00(
$7,000
25.000
153,625
163,216
?6.040,120
37,.543,0~I3
170,750
Week.
$..
17,6.59
1,182
17,151
J35.992
492,250
15,593
SuiceJan.1.
«
1,412.991
3,003,055
630,085
21.104
193.915
63,267
?5.:»21.417
3.8 19,649
4,777,184
Silver.
9reat Britain
France
Gtenuan.
West Iniliee
$339,000
13,412
1,400
$6,226,828
257,705
77,261
191,631
llexico
South America
All other coon tries.
Total 1885
Total 1884
Total 1883
6,235
402,524
«353.812
252,039
99,8231
$24,333
7«
12.876
1.723
26,550
189,824
178.713
370.517
5,508
$7.163,194i
6 093.2981
$41.1.54
$768,970
86.785
8,289,!>9l|
16.201
1.775.296
1.971,789
Of the above imports for the week in 1885, |13,239 were
Ajnerican gold coin and |lS,OS.j American silver coin. Of the
exports during the same time, |7,000 were American silver coin.
—
Attention is called to the notice published by Mr. Frederic
Taylor's committee of West Shore bondholders in the advertising columns of the Chronicle.
:
:
THE CHRONICLE.
710
;
:
OIVtUBNUS.
announoea
foUowtoK *n<U>nd« li»»e reoently heen
Mam4 of Omnpann.
Per
When
eenl.
Payable.
Railroad*.
2
rfntrnl of <;eo.(fl»
ruiil
KItthliiin;
Cliii". .«!.
blun. itOm. (quar.)
IjthWh Vallfy «iiiar.)
lianhnttan <(|Uur.)
4 E^wx
K«irYork& Harlem
July
July
July
l>fl
iJuiy
Jlorrlfi
S. Y. X. Haven
5
Hartford
.t
niacollaneous.
Anwrlran Bell Taleiibone
Weotfro Union Telegraph
June 16 to
15 June 19 to
1
1
1
1>«
July
12,
1883-5
P.
observed with satisfaction that the Government
4 67
Parl8(franc8)
A.m8terdan) (KuUders)
Frankfort or Bremen (relohmarks)
8
•M'-'g
6 1818
40 14
95
40 >s
95=8
*—
M.
has
The Money Market and Financial Situation.— There
it
and
week,
this
reports
crop
in
the
sliown
interest
been much
is
4 86
4 8434
4 84 >4
XX
1 to July 12
June 21 to Jnly >
July
NBW VOKH. FRIDAY. JUNK
—
United States Bonds. The business in Government bonds
continues relatively large, and prices are strong and tending
report is
upward.
cereal
favorable on everything except winter wheat; even on that
the decrease is not nearly so bad as it was made by the buU
The
closing prices at the N. Y.
Interest
But the most striking crop report is
Periods.
that of the CiiRONrci.E on cotton acreage, showing a total 4>iB,1891
reg. Q.-Mar.
oonp. Q.-Mar.
planting of 18,710,000 acres, which is a gain of nearly 5 per 4>«8,1891
reg.lQ.^an.
48,1907
coap. Q.-Jan.
cent on last year, and a much larger acreage than was ever 18,1907
reg. Q.-Feb.
option
8
38,
U.
This
before planted. In Texas the increase was 13 per cent.
6s,eur'cy, '95
reg. f. & J.
'96.. ..reg. J. A J.
69,onr'oy,
great
the
contrary
on
but
the
South,
weakening
in
no
shows
estimates of Chicago.
—
vitality,
and
after
gathered up their
reg. J.
63,oar'oy, '97
69,onr'oy, '98. ...reg. J.
6«.nnr'pv. '99,. .reP. J.
two bad years for cotton the planters have
resources and put in the heaviest crop ever
planted, with a possibility at the present writing that they
•
may
estimate whatever.
the Stock Exchange there has been very
to-day,
when
prices
generally
little
the price bid at
6.
112^ -U2i«
as follows:
June
June
10.
11.
9.
8.
-112is| 112=8
June
12.
112%
H2%
1125a 112!V. *112i«*112i2-112»8 112%
12214
12158 121% 121''8*121'9J 122
128i«
122% 122=f. 1227fl 12278'*123
10114
103=8 1030s 10358) 103'8*104
127 M27is '127 *127 '127 •127%
•129 *129>fi •129 *129 *129 •1291a
•Io0l4*131 •131
J. '131
*130>i. '131
J. •1331s 134% *133% *133%*1G3'8 •1337a.
J. '1311a '134% 185 in35ia*135is •1351a
tlie
morning board no $at« was made.
;
St.ates
anima-
Salaneea.
became stronger
Date.
and there was some suspicion that the trunk line
•war might be in a fair way to be settled, or the West Shore
muddle might be getting clearer. But as to matters of fact
nothing was actually developed, and the improvement in stocks
and in the West Shore and Erie bonds was generally attributed
to the covering of shorts, and possibly to the formation of new
pools for an advance in certain stocks. The Denver & Rio
Grande bondholders' committee have ptiblished their plan of
reorganization
the Baltimore & Ohio proposal for terminal
facilities with Jersey Central is said to have been postponed
nntil the matter of their transit through Philadelphia is settled.
Rates for call loans during the week on stock and bond collaterals have ranged at i@H per cent, and to-day at i@l per
cent.
Prime commercial paper is quoted at 3i@4 per cent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £431,000, and the percentage of reserve to
liabilities was 51 1-16, against
50i last week; the discount
late remains at 2 per cent.
The Bank of France gained
88.802,000 francs in gold and 1,123,000 francs in silver.
The New York Clearing House banks, in their statement of
June 6, showed a decrease in surplus reserve of $7S1 200
all
is
&
&
A
Board have been
June June June
Sub-Treasury.— The following table shows
the rftceipts and payments at the Sub-Treasury in this city,
as well as the balances in the satne, for each day of the past
week
pick a crop a million bales larger than the maximum
1883-83; but it is altogether too early yet to make any crop
At
TblB
United
crop of
tion until
titty Days Detnatid.
Sovereigns
July
to
\
—
;--••
June 16
12.
Prlmebankers'sterUng blUs on London..
E^me oommerolal
Documentary oommeroial
Coins. The following are quotations in gold for various coins
SUver Hs and ta. — 99Ha par.
$4 85i2 0$4 89
— 92 « — 94
Five francs
Naooleous
3 88 ® 3 93
Mexican dollars.. — S3%» — 84%
Reichmarks. 4 74 ® 4 78
Do uncommero'l. — ?3'«»—
XGuUders
3 96 a 4 00
Peruviansoles.... — 76's* — 78
Span'liDoubloons.l5 55 ®15 70
English silver
4 78 -a 4 84
Mei. Doubloons. .15 5n al5 65
83%
Fine silver bars .. 1 06''a3 1 07% O. 8. trade dollars
silver dollars— 99\a par.
par
U.S.
bars
a> I4 preiu
Fine
gold
par
9fDimes & « dimes. — 99%3
lijttne21 to July
1
July
July
July
$3 00 July
(gnar.)
June
Booke Olotea.
{Days inclunve.)
June 25
20
l»a
2>a
1>«
[Vou XL.
Orleans, commercial, 150 premium; bank, 200 premium; St.
Louis, 90 premium Chicago, 60 premium.
The posted rates of leading bankers are as follows
jankers' m^^tttt.
Jlxje
I
.
around,
Payments.
Beeeipit.
Coin.
Currency.
»
9
1,058,<)88 23 146,113,.56.'i 91 2I,?.37,X45
1,216.798 90 146,<lS9,44i> 83 24.109,321
1,062.298 53ll47.39r),191 03:23, .=110,299
0»
27
10.
11.
12.
POl.lll
l,334,8i9
1.199,520
1,371,542
961.349
1,439,724
05
70
764.594 03 148.015,548 7 l;2:l,7!>7.?!93 £7
1,041, 6.i0 08 148.355'076 89123,376,964 091,807,721 59 148,983.230 83,22,3!!iJ,413 41
Total...
7.2 [1,107
."iS
0.981.751 27
June
"
"
"
"
"
6.
8.
9.
.'.7
87
03
84
33
—
State and Bailroad Bonds. State bonds have been onlymoderately dealt in as follows: |3,000 North C^arolina special
tax at 5; $5,000 Alabama, class A, at 90|-J; .$4,000 Tennessee
6s old at 46; $8,500 do. compromise bonds at 53-.54; $5,000'
Arkansas 7s at lo; $5,000 Georgia 7s gold at 113J.
The extreme dulness of the stock market is reflected in the
market for railroad bonds, which has been most of the week
very inactive, except for Erie 2ds and West Shore 5s, in which
there has been a tolerably active speculation at higher prices.
The general tone of the market has been irregular, no decided
tendency in either direction being apparent for the average
Erie 2ds close at 48, against 46J^
list of investment bonds.
last week; West Shore 5s at 34i, against 32^: Denver &
Kio Grande Ists at 103, against 100 J; do. consols.at 53J,
against 55i; Denver & Rio Grande Western Ists at 41,
the total surplus being |C0,017,725, against $00, 768, 925 'the
against 39; Canada Southern Ists at 99 J^, against 981; Atprevious week.
lantic & Pacific Ists at 74, against 73|; New York Chic.
The following table shows the changes from the previous
at 70^, against 09^ Missouri Kansas & Texa»
week and a comparison with the two preceding years in the & St. Louis Ists
against oSJ; do. general Gs at 72i, against
general 5s at
;
;
Twages of
the
New York
188.V
Clearing House banks.
Difer'neee/r'm
Previou* Week.
Jutit 6.
59i,
Nashville general mort. at 90*, against 98; do,
72i; Louisville
trust bonds at 92, against 92 J.
&
1884.
June
1883.
June
7.
—
9.
$-206,307,200 {no .$3,161,000 ^302,608.500
$321 ,136,600
1U.«00,100 Tno
98.6001
46.187.600
61,.')50,900
10.110,500 Deo.
247.600
14.372.200
15,941,800
3114.214,300 Inc. 2,730,400 283,323,200
315,290,900
36,471,200 Deo.
167,200|
25,984,700
26,341,000
»9I,0S3.575 Inc. »CB2,600 $70,830,800
$78,822,725
l»I,071.300|13oo.
68,60u
72,172,300
87,891,900
Muplaa
««0.0 17,725 Deo.
1
$751,200
81.3(1..M>0
so.oei.wR
J£xchauge.-Sterling exchange continues extremely
dull and
absc^nce of demand rendering the supply
of bankers' and
commorcittl bilU fully sulHcientfor present
wants, there has been
^c
down
to 4-86 and 4 -87
To-da y the rates on nctiml business
were as follows viz
Baaken'
Tm^i
^
r
•
3®*
Bailroad and Miscellaneons StocliS. Business at the
Stock Exchange is reduced to the smallest possible volume,
and until to-day there was no relief to the dull sind lifeless condition of affiiirs this week.
The tendency of prices, however,
has been upward, and, except for a temporary bear raid against
the'Granger stocks on Slonday, the market has presented a
very firm, though not buoyant, appearance.
"There has been little or no change, however, in the general
and statistical position, and the strength of the market
due more to the absence of any decided bear movement
and to the already oversold condition of many stocks, rather
than to any perceptible improvement in railroad affairs.
The
limited transactions have been confined mainly to room traders
and leaders of the cliques, and there is a very apparent indisfinancial
is
position to force prices
much
in either direction.
There was some bear talk about the grangers, and tbey
««i'
^c!''f ttt
iir?11
were forced down on Jlonday, the Omahas breaking quite
tinental bills were Francs,
5 19;@5 20 and's'ioms m'
sharply on small transactions; but the depression was not conrricWk.. 94i®04J and OSKaOof;
guilders, 40@40iand
tinued, and they afterward recovered with the strengthening of
:
T^*.(°.'i*"^"^''"''
I»r.
,e\],„^
''J"
^^""^
domestic exchange on
4@j prcmmm;
Charieaton. buying ^
mium, -lling3-l«@i premimi;
Bosi;;n7pa;@5Xlun!
New
'pre
;
Tw
the general market.
To-day, Friday, there was quite a marked improvement in
tone and a ]>retty general advance throughout the list.
The
Erie and West Shore bonds and Vanderbilt stocks were conspicuous among the active securities.
.
June
—
..
.
4
;
THE CHRONICLE.
13, 188S.]
711«J
NEW TORE STOCK EXCHANQE PRICES FOR WEEK BNDINQ JUNE
BiaRKBT AMD LOWEST PBIOZS.
STOCKS.
u
t
1,lltt \
I
Batnrdkr,
Juuetf.
Mondkr.
TneiMUr,
Jiiiiu 8.
Juiieu.
Salstot
WodnewUr. Tliandkr,
June
JiiuelO.
AND SINCE
19.
UiaWaek
Ffldar,
June
11.
(SliarM),
12.
RUK* aiao* Jm. 1,
I<o«m(.
134
67
|.
8ft«4
Apr. 21, ll'i
,May 7 35
27 .
SUV
ad
-•y
20^4
21)',
«3ia
4
Chi
• Jt ht. I'Hiil
prt'f
ostorn
prof.
i.i.-k Inland it Paciilc
Id
I
olilCiiL-c.
Uo
OhlcnKo »u PntU Mlno.
A
r".
prel,
iiminp.
Po'•:'
'
20
12
•9
85 's 8U>«
•SVl
4'a
122 122 •»
«5»4 (Hi'i.
39
28
lUH)
^a'',
28
•211
103j
•1)
3li%
87
»
20U 29 14
•3",
4'.j
•7>4....
•4'«
Ml
123
ei'4
•:iia
•734
4'^j
4>»
«Si
4>a
•
19"ii
(18 >«
20
185l4
in:'
ua
UO
UU
Ola
7ii
10
lOia
U734
ess,
19'4
10
1!!',
OTi-j
201,1
081a
•20
2A0
28
•71a....
-iV4....
4%
•34
8
00% 074
105
90% 91%
12341204
lU
•6>a
•12
12.1
1141a
8
10
20
20%
09 14 09%
1.080
20
3
.\
100
lim
7
.s
8
5
IO.')
1144 114%
204 204
70
704
4 30
Went.
H "
16.
ioo»,
SU
•4'4
•3
Do
90>4 tOO's 100 1< lot
Sis
5>8
4<^
S
8
3>a
8
3
EvausTlUe * Tetre Haute
Orcou Hay Wluuiia ,!£ St. Paul
•19
Harlpra.
16 18
18
18
1241 124 la 125 "a 125 la
Houston * Texas Central.
tlUuoU Central
Indiana ItloomiUKtil
Lake Krie
Wcst'D
•&
We^toru
v^
5
S194
IjOUk iBiand
I/onisvUle ifc Nashville
Loulsvllli'
Manhai'
Nfw
'"
:
A
Albany Chic.
v tid, consol...
Manh.i
Monip
60
leasoil line 4 p. ct.
X^kesiioro
5^4
5>4
•5
6
52 H
51>a 513,
61%
76
32 \
7434
8218
753.
961a
90%
15
15
75
61 '(
75
32>8
32^
76
32
Ot!>a
96^
00'^ 90 "4
'11
Metritpu
-Ued
MlchlKHiii .-iilral
Mil. r,. sii.iic & Wesfm. pret..
MlnDeitpoim
125
•49
•49
60
60
A 8t. Louis
49 •« 49%
•101a...
•241a..10% 1634
prof..
1)0
•4'4
4'l
no"
"io"
2%
2'i
4>3
•47
4%
•!t4
43,
•18
5%
•5
51% 62%
901a
fleHi
10
10
34 '9 35
125
•49
50
•l«3l
•2134....
l«3j 17
•3
•44
48
3%
19
124
•88
8
22
31
5
49
4
10
124
8
*5
524 534 "63" "64%
7319 75 1,
754 754
824 33
32% 334
•20
24
96% 90% 96% 97
10
10
49 la 49
4
•104...
•2434...
"11
•20
.
Do
.
prof.
<fc Western, pref
Northern Paciilc
17
Norfolk
Do
17
•1«
Ifi^i
37 "a 37 »,
pref
•5Vj
"S-a
13
1
37^1
37«»
17
•10
371a
•5
•54
la
17
17
1014
38 14
38 14 3834
10% "164 IS'a
88% 38%
17
OhioCunlial
Ohio >t Mississippi
•10
12
•11% 12
!
-'
Line
Mt.s-ContliHintal...
.:___
.
1
;
;ir
&
.t
Ueadiiij;
PiitsijuiK it.
Wayne A
A
Saratoga
Do
Rensselaer
liicli. .t Alle!,'...stock
j:uiii'ionil
J
;
I iiiii'il
A
—
Kvansville..
....
17
17
13=a
13\
12^
13
13
13»4
814
ISU 13%
13
13
734
81,
13
Chic...
special.
13
's
131.2
la's
81a
13\:
•«
Lonis .Vlton
6t.
Louts
St.
Do
Do
Paul* Dulnth
<£
Do
S^
*2»4
& San Francisco
Do
15
2,500
4,505
i!oo6
200
200
1,000
76
846
100
330
42,010
1.084
18,565
2,619
600
13,620
1,700
3D4
1,100
64,457
400
220
120
3,300
910
900
350
100
170
18% 13%
4,425
•13
14
133
9
13% 13%
135
133
•2%
•2>«
8
184 184
19
•234
•234
19
3
3
•18
•lo"
184
•16
600
•17
«30
19% 19%
•17
19%
•30
33
811a 824
•SO
•80
33
83
88
89
9
-7
82
'206
ft
Manitoba
Union PaclUo
Waboah St. Louis ft Pacific.
Do
pref.
.
.
84
84
10'4
lO'i
62 »8 62'4
3
3
•7
25
Tel
York ft Texa.s Land Co...
OreKon Improvement Co
OreKon Hallway ft Nav. Co
Paciilc Mall
Pnllmau Palace Car Co
Quicksilver Mining Co
Do
-0^4
194
"oK
94
77
'»
10
94
77^4
71»8 73>a
53 7« 54 >4
59
59 >8
•10
10>a
92 's 93 <a
77
77%
53
63't
00
921a
77
pref
AdAms
American
Co
INACTIVK ST(M:KSit.
Atchison Topeka ft Santa F«..
Chicago ft jVlton. pref
Cincinnati Saniinsky ft Cleve..
69'>a
Wa
135
96 >4
1.15
•51
62
111
109
3
9
"a
5934
60 >4
60
921a
7714
691a
711a
86
87
11
III4
114 11%
52% 53 14
•2 4
3%
62% 634
-3
•7
3I4
9
5.^19
683,
00
00
92 14 02 14
77 14 77%
71
71
53%
54i«
•3
•2234
5
lie
119
5
'22'4 27
00 Is 60%
3
Western Union Telegraph
EX1>KE!«!«.
11
86
•74
834
11% 11%
63% 53%
•3
3%
131
00 14
27
00%
604 604
6O34
72
53% 54%
11741174
•3
•22%
100
2,300
4,033
.It
89,490
New
18% May
'29
2% Mar. 11
Jan. 2
May 1
174 May 8
30 Apr. 30
79 May 12
21 Feb. 26
77 4 Feb. 7
7934 Jan. 2
9% Apr. 8
41 Mar. 21
2
Anr. 30
6%Miy
664
20%Mar.ir
4
19
25
21 Feb. 25
3934 Jan. 8
87 4 Jan. 10
24 Feb. 27
82 May 14
90% Mar. 16
13% Fob. 20
63% May 23
6 4 Jan. 7
Jan. 12
7
14
Mar. 28
25
Jan. 27
May 2
Jan. 3
Mar. 21
Jan. 22
Mar. 61
Feb. 20
Feb. 26
Juno 6
60'4 Junel2
4 Jan. 8
1334 Feb. 24
61S
17%
127"^
994 May 28
86% Apr. 15
Apr. 30 135
Jan. 3 34
59»4 Jan. 29 77
Apr. 30
Feb. 20
Apr. 30
534 Jan.
2
63'4 Feb. 10
2 111
152
162
55
<144
144
Apr. 16
May 38 78 Jan. 8
147 Jan. 29 152 Mar. 19
20 Mar 15 22% Feb. 27
1% Mar. 10 l%Feb. 5
140 Mar 13 140 May 13
224 Mar. 4 26 Mar. 17
1'22
Jan. 22 145 May 19
190 May 20 190 May 26111854
13
>119
110
40
10
10
122
Canton Co
Coosolidation Coal
Homeatako Mining Co
Haryland I'oal
'
)
167 1044 Jan.
Jersey...
Near Central Coal
Oubuiobllver Mining
;
2 138 Apr. 30
3 974>lay 4
2 55
Apr. 7
Virginia MIdl.and
"Warren
07%
6634
Elevated
iif
12;
&S 130 Jan.
295 87 4 Jan.
253 48 Jan.
lliicaRO
ft .Missoniiltlver...
I'nitoil Ill's
May
Jan. 2 77% .-May 21),
Jan. 10 35
May 18
11 4 Jan.
27 4 Fill, no'
•
05 Jan, 15 97
1 1 % Jan.
3 I81.J
27 4 Jan. 15 44
90 Jan. 2 125%.J
.
464 May 7 64 4 Feb. 2i!
29 Juno 1 3434 Feb. 201
104 Jan. 26 13 Fob. 261
24 4 .May 211 294 Feb. 'jol
14 4 Jan. 22 19%M,ay II
89 4 Mar. 21 97% Feb. 10
June 5
9% Feb. 251
11434 Jan. 2 125 Jiiiif 9
33 Jan. 7 424 Feb. 27
8134 Juno 1 95% Feb. 23
6 4 Jan. 8
1 4 >£iiy 5
4 Mar. 23
934 Feb. 17
84 4 Jan. 2 90%Jnue 8
0% May 29 1434 Jan.
18% Juno 9 30 Jan. 8
12 Jan. 17 22% Apr. 30
175 Jan. 2 190 May 2
034 Apr. 14 12 4 Jan. 6]
134 June 2
3 Feb. 28
4% Jan. 27 8 Feb. 20
17 May 10 25 '4 Feb. 26
15 Jan. 17| 19% Feb. 28|
304 Jan. 29 44 Mar. 10
4 June 3 134 Jan. 2|
10% May 4l 19 Jan. 14
a
May 8, 12 Mar. 19;
4e34Mar.21 62% Mar. 9
26 107 4 Jan. 2 120 Hay 9
4S4Mar.30
8»4 May 18
80 Jan. 80 30 Jan. .SO
Looisiana
New York
,
02
22
135
80 21
Coluiiilins Chic, ft lud. Centr'l
JoUet
6034
8
80
61%
01
25
200
25
P tiese arc the prices bid and asked
;
no sale was miule at the Board
1
4
If,
i'.obo
5
27
604 614
91%
8>
Apr. 301 88
134 Jon. 31 141
144Jan. 9 20
82% Jan. 22 109
4 4 .May 1 10
65 Jan.
05
4»„
234 Jan. 15
44Jiiiiell
8
374Jau. 10 52
3 Jan.
4%
1004Jan. 20 200
14 Mar. '20 30
1194Jan. 17 128
81 Jan. 10 89
7 4 June 6 14 ".J
44 Apr. 211 17
10
61
2
1,295
41,633
i:)8
140
13.5 4 1351a 13«
ISO 130
135 140
90 4 97
97
97
97
97
-951a 97
'951a 97
63
-614 52
62
62
-511a 52
61>a 61<a •51
llOHillOia 109 111
110 110>9 11041104 '1094
29
June
200
870
24% 24%
724 724
64
644
•135
06^
6O34
104 104 •104 11
92% 92% 934 93 4
77% 78% 77=4 784
72
1,880
4.345
70,417
9
26
S9>8 69 >«
3
New
8»%
52% 53 14
•2%
9
MISC'EMiANKOCS.
Tel. ft Cable Co
Bankers' ft Merchanto' Tel
Colorado Coal ft Iron
Consolidated Qas Co
Delaware ft Hudson Canal
11
llHi
62 >« 62 »4
811a
11
184
HO
17
15
184
33
82
;
19
Jan. 17
Apr. 21
150 14% Mar. 211 21 Apr. '27
1034 Apr. 8 15
Apr. '29
900 734 June 9 154 Feb. 27
900 13 May 29 19 Jan. 2
640 1194 Feb. I7I 135% June 4 1194185
1'20
Mar. 9 1294 Apr. 20
1304 Jan. 29 14334 May 21
100
M.-iy 22
1
24 Jan. 17
44%Jan. 19 54 Mar. 9,
pref.
831a 831a
.1
64-M:..
•23
1,450
8,654
9
.\
10.1
pref
.
Paul Mlnneap.
TexAs ft PaclUc
United States
Wells, Pargo ft
•2 '4
pref
1st pref.
St.
Diift.
84
"'
.1
50
0)?denab'g
Terre Haute
St.
84
4%
11U%.I
16% 16%
384 88%
•%
%
trust ctfs.
West P'ut Terminal
Kome Watertown ft
13% 13%
135>8l35^ 135
A DauWlle
i:uclieittT*t FiitsburK
American
American
ISHl
8 "4
II
1
1,550
Oliio >^tiur!!iM-n
I
''
].
•54
161^
4
1.0>ill
.....
—
2:4'
101-,..
1,100
123
40 4 49%
V
y
".
250
35% 35%
12434
161% 16«9
17
174 17% 18
Kansas •£ Texas
16»a 17
95:^8 95>a
93 la 95 la 95'.i 96% 954 93% 954 90
Missouri Pacilio
951a 95 "a
•6I4
•6
•6
•«=8
8
Molilli) A Ohio
9
125 125
•Jt2l4123
121 123
124ial24"a 121 125
124 125
Morris .t K.1M0X
•35
•3S
30
30
36
37
35
35
Nashv.Chaltanooffa A HtLouIs
New York Central & Kudsou.. 82 >« 82% 82 82 14 82 82% 82 8234 824 8S4 834 84%
•134
•1% 24
2
2
1"4
2
2
New York Chic. & St. Louis ..
1\
ti-i
•4% 41a
4=8
44 44 •1%.....
prof.
Do
4>a
•90
90
90
90
New York Lack. <fe Western . . »«9 90
90^ 0014 90 14 90 14 •89
10
10
9»4
9»4
9% 9'( 10 10
Kew York Lake Erie & West'n
9't
18 14 1814
pre(.
Do
I8I4 I8I4
17^4 18 >a
18% 18%
New Vork A Now Kn^land
New York New Haven & Hart.
•634
•6%.
74
NewY'ork Ontario A Westera.
7
6% 634 •034
•13,
-13,
*1'4.
2
1% 1New York ?5Ud«i. *t Western
•l^s
&fl30oarl
"
mgk
.
101% 102% 1024102% 143,510
•44 54
64 54
1,030
•W "m"
32% 32i.j"32%
-Ion
I
3
-4%
-4»4
prof.
20014 101 "a
o's
SK)
I'l
12<!
•27
100
23
934Mnr.
7
31
'•ivt..:
Do
Low.
.-
I'o'.b'ii
41,
123412414
I2t
10
200
80% 37%
30
30%
I).'.
11;
39
86 'a 87%
SO
30
•3%....
ri:!'.;
71.;
lU
•88 la 39
•20
28
10 >a 10 Hi
•'
liKHjini
104
101
IHllia 9;i'B
1)3
Ua
U:l'i.
OS'S,
120 "a 127 "a 112314127
127 •'4 128
12;t.a 124
114 114^ llS'i 113»4 113^411334 114 114^
picf.
Om.
867s
IHOlilSaHi
123
122 iH, 12:i
64»4
U5
lilt
104
lot
1.0U18& I'UWbiirK
(.hic.iK'" •^'-
^
20
prof.
Chlonf^nt^ \lton
i.i..
2a
10
•7^..,
iVtpref.
ill
;
Ytmrlimtt
I-.
8H
No.
'20
CIilc;i
VorrmU
1888.
HMcheit.
Itraf.
•.18%
fliiiii
1, 188ft.
ll»-
,vi
Do
JAN.
Lower price Is ex^Uvideiid.
Jan.
Jan.
Feb.
Feb.
Jan.
10 18
19 118
13 40
Mar. 8 15
Apr. 23I12I
Apr. 15 39
9 SO
30 14
Feb. 27
7
4Anr. 8
17
Feb.
4% May 27
7
8
7
25
June
Feb. 23
May
18
8
5
Mar. 23
I
1
28.1
7
5
14
—
—
1
.
.
.
..
—
.
.
THE CHRONICLE.
T12
[Vol, XL,
OF STATE AND RAILEOAD BONDS, jrUWE
onOTATIONS
'«^"
STATE BONDS,
00 19 OO'l Lonlilaaa— 78, t)oii».,1914
Ei-mfttnred coopon
MlMonrl— 6«, 1886
»7
6t, dne 1889 or 1890. ...
100
Asyrm or Univ., dae'9Z
"e
3
Fnndlng. 1894-95 ......
T».t Boc»4Ft.».laiL
Hannibal A St. Jo., '86.
York-68, reg., 1887
New
7t"K.P-B.*N.0.RB i5
6«,loan, 1891
T»:MI«fc0.4R.B,RB. 12
loan, 1892
68,
s
RR.
2
Cent.
it, Arkuiu*
69. loan, 1893.. ...... -..
103
e«r{l»-8«.l«)8
If. Carolina—Bs.old, J.*J.
105
7i.l88«
PondlBK act. 1900
i'u'
113>a
Ti.r>"'.i8»o
Tmmu-CIom a, 1906.
10.')
aM*B,5>,190e
I
0UmC.4^1»M
a«,io-300M)o........
ATkuau— Ba, tnuAed
I
I
'
SECUKITIEa.
Aak.
Bid.
BKCUBITIKS.
Bid.
eKCP RlTlKB.
.
12, 18S5.
SECURITIES.
Ask.
Bid.
Aak.
Bid.
I
Tennessee—Continued—
N. Carolina— Contlnned—
73
New bonds, J.&J., '98.8
B4Hi
Do
Coiisol.
6s,
18
4
all classes..
Special tax.
104 105
111
115
120
104
105 Is
113
115
117
80
10
Wll.C.&Ru.R.
49, 1910
1919
Ohio— 68, 1886
6r,
new
series,
1914
46»4l
C'mp'nii8e,3.4-5.88,1912
i'ih
Virginia—68, old
8i>8
69, new, 1866
llQia
69, consol. bonds
6s, ex-raat4lred coupon.
110
106
2d
40
40
80
SO-a'
seriea
60
6s, deferred
4
8
District of Columbia—
non.fundable, 1888. (
S-65S, 1924
Broivn con.soru 6s, 1893 lOS^i 100 i-j
Registered
Tennessee—6«, old, 1892-8 4634
46 '4
Funding 5s, 1899
6s, new, 1892.8-1900.
115
South Carolina—
63, .4ct Mar. 23, 1869
6b, consol.,
I
6>3
)
.
BAII.ROAP BONDS.
Del. L.
<fc
Ask.
Bid.
SECURITIES.
BM. Ask.
BECCRITIES.
I
\ui
Morris <t Essex— 1st, 78. 141
2d, 78. 1891
Bonds, 7s. 1900
123
7»of 1871,1901
imeA Bxthanf Priat.)
Ist, consol.. guar., 78..
iai>a!l2534
.
Don.So. Pk ...t Pac. — l8t,78,
Dcn.it KloCi.West.— lst,8s
in.Dlv.-l8t, 08,1912..
rhfioaprnVn & Ohio—
Pnr. nuniev fond. 1808.
109
99 »4 100
68 Hi
zo
90
•64
70
A, 1908
19031
£
WiOarrencT, 1918
6a, gold, aeriea
Sold, aerieaB,
l(oncace6a,1911
Dot.M.ack.iftMiirq.- l8t,68
Land grant, 3*39. S. A...
M, roar.
41
63
Eliz.C.it
Ist.
fis.
30
2il,
Ohio— Now
Extension,
'90 *105
69.. 104
I
I
St, L.
136
Cairo
illO
121ial
'
2d. 6s,
94
|.
,105
69
''32
67
99
75
l8t,WacoJtNo.,78t..
i
—
I
69
ig
Consolidated. 78, 1898..
2d consolidated, 78,1911
1st. .Springiii^ld Div., 79
I
Chic. Div.- 5a. 1910
I
A
.
,
mm
I
1.68,1929..
i.l929,reg.
rw
H;i.
». 1929.
i...9a,lb33:
2'-
'58,1909..
K-.,.,
l..H.-lat.ea
iMm M.AM map.— iaufa
InrsMldland-l8t.88..
rantnauU— Ut. coiiv..78
gjitA Mllw'kee-lat,7a
OUB*.*Ind•»-la^7.a7fd
"——
'
ConM.I
Oeiirr
Oblc. HI
ConiM.
CJit
'a.
1914
,„l
(.1
..
T. IflU
:'.i34
I
it
Miuli. t^o.—
A Tol.— Sink'g fd
New bonds, 7s, ISSti..
Cleve.
Cleve. P. it .\8h.— 79-...
Land graiita,
10314
103
i6i"
114
Buff.* Erie— Newbd9.7s
KaL itw. Pigeon— l8t-Det-M.* T.—Ist,7a.l900
I.ake Shore— Div.bonds.
Consol.. coup., lat, 78
Consol., reg.. Ist, 78 ..
Consol.. coup., 2d. 78.
Consol., reg., 'Al.ts..
121
!.
I3OI4
.
l'26=4l28'«'
112'a 112=4
112 jllaia
Long iBl. llK.- Ist. 78.'98 119
let, consol. 58. 1931
IO8I4'
Loaiav.ifc N.-Coii.sol.. 78 112014 121
Ceclllan Br'ch-78, 1907
98 '9 100
M.O.& Mob.-l8t,U8.1930 94'a 95
2rt.68. 1930
75
E.H.AN.- 1 8t, 09, 1919 10614 106=4
General, 6a. 1930
06 '4 97
Poosaoola Div.— 68,192()
91
St 1.. Div.— Ist, 68. 1921 102
2d, Sa, 1980.7.......
*46
60
Naahv. A Doc.-l8t. 78. 110
8.AN.Ala.-S.f..68. 1910 *90
I
I
7s, '87-89
.Siukiugfund. 88, '93-.
Keg., 88, 1S03
Collateral Trust. 69...
Do
58. 1907
Kans.Pac- Ist. 68, '95
Ist. 6s. 1896
Deuv. Div.68,a98..'99
Ist. consol.. 6S.1919,
Br.U.P.— F.c..79.'9i"
At.C.AP.— lst,69,190.j
At.J.Co.AW.-lst. 6s
C.
Oreg. Short-L.— 1st, 68
Ut. So.—Gon.,78. 1909
Exten.. l9t. 79. 1909
Mo. Pac.— Ist,
3d. 78. 1906
Pac.of
cons.. 68.
Mo.— l8t,
2d. 78. 1891
St.L.A S F.—2d.68.
89, Cla99C, 1906
68. Class B, 1906
6s...
CI.
A
A
Ist. 68. Pierce C.
O..
Epnipment, 79. 1895..
(ien'f mort.. 69. 1931.
So. Pac.of Mo.— Ist, (Jb
Tox.APac— lat, 6s.l905
Consol. 6s, 1903 t ...
.
;
tbaaa are lataat aaotatlona
made
thli
week.
114
109=4
i'1'3"'
i
Coupon* off.
*60
80
60
86
87
681a
69
l8t,St, L. Div.. 78, '89.
2d. ext.. 7a. 1893
Equipni't bd9. 79. '83.
Con9ol. conv.. 78. 1907
103^8 104
IIOI
85
85
i....
113'>6ll4
lO.i
.....
100=4'....
1900, log
100=4.-.JJ. W. Telegraph- 78. 1 904
102=4 1031a] [Mut.'Un-T5L-S-fd.iS9'.i911
lO'Sia
108 '_
96 Hi
99 'a
90
70
"7'8"
1041a 107
90
1890
Han. A Naples— let. 78
lU.A So.la.— l8t,ox.,89
St.L.K.C.&N.— ll.e:,79
96
80
82
Omaha Div.— Ist. 7i
Clar'da Br.— 69, 1919 "76"
St.Chas.B^e. — Ist, 69
No. Mi980uri— 1st, 78.. 111 112
West. Un.Tel.— 1900. coup 116
L...
'
78. '88
95
2d. 78. 1893
Q..& Tol.^lst, 78,
112V....
102
78
54
28
74
Detroit Div.— 6s. 1921 ..
Cairo Div.— 5s, 1931 ....
Gt.We9fn-lst.
77
7618
25
«72i4
70
Waba9h— Mort. 79, 1909
Tol.A W.— l9t, ext.,7s. 106 'e 107
110
I
payable
"'67 "14
68
16=8
17
if tfamed.)
Atl.APac— Inc.iaiO....
97
115
INCOME BONDS.
{Jnlert'at
Central of N.J.— 1908 ....
'94'a
E.T.V.AOa.-lnc..6.s,1931
115=4 110
Or.BayW.ASt.P.— 2d.inc.
106 Ti 106=4 Ind.lil.AW.-Con.. inc.es
120
Ind'sDec.A Spr'p '2d. inc.
1191a 120
Leh. & Wilkesb.Coal.— '88
Lake E.A W.— Inc.78.'99
Sand'kv Div.— Inc.19'20
'112
I,af.Hl.*Mun...Inc..78.'99
—
W.—
109
Incomes
109-1b Mil. I.. Sh.it
lOSiaJlO.saj, Mob.A O.— Ist.prf-.dcben
98 'si 98Hi
2d, pref.. debenturo9
'102 ".J'
3d. pref., debentures
94
4th. pref.. debentures...
Ilia
18
26
12
65
13
lOla
16
"'46"
22 >•
90
N.Y. LakeE.it \V.—Inc.,68
Ohio Cent.- Income. 19*20
Min'l Div.-Inc.7s.l921
19
Ohio 80.—2d inc.. 68. 1921
"bs"' 991a PeoiiaD.A Ev.— Inc..l920 *21
110=4 111
Evansv.Dlv.— Inc. 1920
108
107 14 Roi^h.APittsb.- Inc.,1921
112
Riimo W. A Og.— Inc.. 78.
99
So. Car. Rv.— Inc.. 68.1931
9812 96 's St.L.A.A T.H.
25
Div.bds
90=4 91"
971a "90'
i-j
971a
FREE
07=4
Cum.
I
Sia
2a"
60
36
27
LIST.
A springf.- 7a. 1901
A Penn.—1 St. 68. '91
Col.C.&Ir.Co.— l8t.con..6s
|Ft. W. A Denv. C— lat. O9
JelVeraon.— 1st, 78,1889..
Phil, A B.— Deb., 7s. 1893
111
Cin.
Ko. Wi. _l,t. (i«,l03o
94
J^olav. C.A I..-68.1931
BtP.*-*.!
105 '8 IOOI4
latAkleig n9Si
Tmat bonds, Oa, 1022.. "91" 92
108
110'alll>4
10-40.68.1944......
7618 76=<
Oooaol., 1«|. 68,1884
«66
89 Si I/.Erle A W.-lst. Os. 1919
Utt
35'-»
Income A Id. gr..reg.PuUin'ii'a Pal.('ar deb*78
£Ei-2'i'.«>:-V8t^i..5,
80
Sandusky Div.- 6a, 1919
Rio G.. 69. Aug. cp. on
53
Wabash funded int. bds.—
LBf.Bl.it.M.-l9t,68, 1919
68I1 70
Do
exAug. cp. 49 >a
Tol.A 111. Div.— 78
lS8>«i Loul8v..N.Alb.itC.-l8t,6a
94
Gen. TOort. & Ter. 69.
L. ErleWab.ASt.L.— 78.
OenDial niort., 69. 1914
Pennsylvania RR.—
Gt. Wost'n.- 1st. 79
U)U.N. t).itTex.-l8t.5a 90
90 >a
Pa.Co.'s guar.4 las-lstcp IOIVIO2
Sifi"»";*Tol.-lat,J5a
111. A So. Iowa.— 78
76
ManhatB'ch (0.-78,1909
Pa. Co.'s 4ia9.Reg-, 1921 10114 101 'e
Dec. A E. St. L.— 68....
N.Y.AM. B'h-l8t.f8.'97
M«rUa««,7a,l»07. ...
118
Pitt8.C.ASt.L.-.l8t.C..78,
Toledo A Wab.— 2d, 69.
I...
Metrop'llt'n El.-l8t,1908 11214
>yT.Bliig.AJ?-Y— 1..T.
1121a
Ist. reg., 78, 1900
Wab.
A West'n.- 2d, 68
2d. ffa. 1899
99=4 100
2d. 78. 1913
Gt. Western— -id. 68. ...
>• fileaa
nidv
1.J
Ind'polia Div.— 69. 1921.
I
Lake Snore
73=4
Hav. Div.— 68. 1910
Tol.P.&W.— Ist.78,19i7
Iowa Div.— 68. 1921.;...
118
'
1271,
112>»
105
1910.
Wab.StL.&Pac— Gen., 69
Ohio Central— l8t,«s.l!12l)
'
I.
104
H.—
Sabine Div.-l8t,69.1fll2
Va. Mid.— M. inc., 69.1927
j
I
;
78.'
72=
gr..59, 193i:
l9t,78 116li
Ist. Ter. tru9t, 68,
New River— l8t.6s.l932
OhioA Miss.— Consol. 8. fd II9I4
,,^,2_
''.1
i'o's'ii
Tcx.AN.O.— l8t,78. 1003
;
hit
1.
iBt, 79.
—
6713
2d. consul.. main line. 88
1st. Term'l Tr.. 6h, 1920,
;„•! 2d, Waco* No..8s,1915
1st. Min'l Div., 6s, 1921
}SV^
181
131 •3
General, 68. 1921.
Ohio So.— Ist. 6.9. 1921....
118'4
-'js
Hon8t.K.itW.Tex.-l8t,78
Oreg'uA Cal.-l8t,69,1921
12^
2il, 68. 1913.
Or.ATranac'i— 69.'82-1922
.'..
i-'
118
H!,Ceu.-Spd.Dly.—Cp. 69
Oregon lnii». Co.— 1st. 6slet.r. i .M.. 7.«. li>03.. V2S
Middle Dlv.-Reg.. 58..
Orcg'n RK.ANav.— l9t,6s:
Oooaol. 78. 1905
126 128'a
C.St.L.AN.O.— Ten.l..7
Debentures, 78. 1887 ..l»l.7i.. l.AD.Klt.,1908| 123
Ist. consol.. 78. 1897
i23'i i25" Panama— S.f-. 8Ub.68.1910
lal,S.\V, niT.,8a,i9(l9. 113
2d. 68.1907
Peoria Doc. A Kv.— Ist, 6s
lai,58. 1.al'.AI>aT.J919 lUO
Gold. 58, 1931
Evans.Dlv.- l8t.68.1920
la<.H. >l Inn. DlT.,6a.l910 112V
Dnb.ift B.C.—2d Div.. 7
ii6"
PeoriaA Pek. U 'n— Ist.Oa
l«t. 11 .V 11. 78. 1910
12214 123 's
Ced.F. * Minn.- 1st. 7a- 116=4
Pac.RR.—
Cen. Pac— G.6s
'iv.6a,1910 116
Ind.Bl.*W.-l8t, prof., 78 llOia
San Joaquiu Br.— Os
W..6a,1921
88
88>a
Ist, 368, 1909..:.
60 "oh"
Oregon— Ist, 69
Cal.
.!.«. 1010.
96> m't 2d. 6.68. 1909
61
Cal. A Or.— Ser. B.. 6s
1921 100
.1
Eastern Div.. 6s, 1921.
Land* grant bonds. 6s.
;:i2l
87 » 97 "V Indianap.D.&Spr.— lst.78 86
87
West. Pac— Bouda, 69..
83 >8 93Hil Ist, 78, ex fund, coups,
79
81
No.R'way (Cal.)— lat. 69
Chi.
«t-No— l8t,68.gold 105 "a
So. Pac. of Cal.— 1st, 69
lin^i.""-*
nl. 7«. 1885
Coupon,
68,1909..."..
"tie"
So. Pac. of Ariz.— l9t.. 6:
N. 78,1015. J92," JS3^! Kent'ly C'ent.-M.68,1911
So.Pac.ofN.Mcx.-l8t.68
t! }nS ._l
'Mid8,7a,'85 u»
103i»lU3V;
SUmpcd.
4p.
c, 1911 ..
Union Pacific— 1st. 6s
1«V
e<l:>.
A T.— l8t.
Dakota Ext.- 69, 1910.. 109
109
V
7.1.10m p. D..1898.
7a,i0()2'.!
ill, 78, 1(K)2.
A
1911
Tol.Del.A Burl.— Main, 68
34ia\34=4l
l9t. Dayt. Div., 6s, 1910
N.Y. Susq.A w.-lst, 68.t
Dcbonturo, 69, 1897t...
99=4
Midland of N. J— l9t. 69
'
lJ^'a,134
108
1
104
Regi.stered, 59, 1931.-..
I
,„„,L„,
1923
N. Y'.W.Sh. A Buff.— Cp.,5s
1081a'.
I
,.
Ark
Gen. r'y
St-Ii.AltonA T.
84 14
84
N.Y.N.lI.AH.-l9t..rg..4s 108
90
901a N.Pac. 0.1. gr.. 1st, cp.,68 104 la' 105
Registered. 6s. 1921
1031a
65
52
N.O.Pac.— lst,6s,g-.1920t
OulfCol.&S.Fe-7s.l909 104=8105
Nort.AW.— Gen.. 89. 1931 87
I
1,
j
[
N,Y.C.4St.L.-l8t,69,1921
I
I
i„
iie"
78.
1U9
2d. priif.. 78, 1894
107"' !;;.!;!
90
2d. income. 78, 1894
104'al05
Bellev.A So. 111.— 1st, 8si
136=4
115
St.P.Minn.A Man.— l8t.78
>
114=4 115
'1361a
2d. 09,1909
V
N. Y- L.E.* W.-New2d63 •47%.
I
I
-.
Mt.— 1st,
Iron
Arkansas Br'ch— 1st. 7s) 108=4
110
Cairo A Fulton— Ist. 7b. 109
Hud.Hiv.— 79.2d,s. f ..'83 '103=8 103
Ist,con90l.. 09,1933...
2d, extended. 5s. 1919 - 109
Harlem- Ist, 7s, coup .. 137
l9t, con9ol.. 69.reg.,1933
3d, extended. 4 \>s, 1923. 104 Vl 103
ISBialSO
Ist, 7s, reg.. 1900
Miu'9 Un.— Ist, 6s, 1922
4th, extended, Bs, 19:i0. 109
123
loo's 107 "ai N.Y.Elev'd— 1st, "8, 1906 122
St.P.A Dnl.- Ist, Bs, 1931
6th. 7s. 1888
So. Car. R'y.- 1st. 68, 1920
1st. cons., gold. 7s. 1920. 114 :il4'a N. Y.P.&O.— Pr. I'n, 68, '95
'105
39=4
N.Y.C.AN.— Gen.,68,1910 381a
2d, 6s. 1931
l8t, cons.. Id. coup., 78 .
39=4' ShenandhV.— lst.78,1909
36
Trust Co. receipts
Reorg.. lat lieu, ()9, 1908
N.Y.
N. Engl'd—let, 78 115
General. 6.a. 1921
Long Dock b'nd9. 7s. '93 1121a.
*108i8
Ist, 6s. 1905
Butf.N.Y.iSB.-l9t.l910
Tox.Cen.— Ist, s.f. .78,1909
lat,o«na.a8aent. 7a,1899t 101 il02iai
OeoT.,a8aented,7s, 1902 103'a;i05
2d, 68. lll'23
AAloatnent, 78, 1903... 106
IIan.it St.J.-Con.68,1911 il7=iiil8'
Oonv. debeut. 6a, 1908.. '64
Houston it Texas Cent.—
L«k.AW.B.-Con.g'd,a8.
94'a, 93'2| 1st, M.L,. 78. 1891t..
8sy 90
ABi.D'kAImp.-5a, 1^1
83^1
76
l8t. Wcsteni Div.. 78f
1,,
A
2d. 7s, 1897
1051a:
A
135
102 '4 102%
63
67
Debculurc 69, 1927
Atl.&Ch.— Ist, pr..7s.'97 11314
87
Incomes. 1900
45
Scioto Val.— 1st, cons.. 78.
69
G9.
57
—Con8.,g.,6s
Rich. A Danv.
1S92
1927
69,
T.— l9t,
93
Rlih.AAlleg.-l8t,78,1920
I
1
D
A
76
Consol., Ist, 6s, 19221...
Mo-— Ist.
Cent.
—
1920
73
Con., lat. ext., 39. 1922.
Roch.&Pitt.— Ist. 09, 1921 107
I
I
it
111
113
loo's
June— l9t, 69. 1922
KomcW.AOg.— lst,78.'91 ibs"
I
H.
IIII4
1892....
1898
Pitts, cleve.
Pitts.
-a
i
Mobile
79.
2d, guar.. 79. 1898....
A Tol.— Ist.Oa
IOOI3 101
'
Mich. Div.— l8t. 68. 1 924 100 1100=4
Minn. A St.L.— l»t.79,1927 122
Iowa Ext.— Ist. 78, 1909 117
-sgia 102
2d, 7871891
S'thw.Ext.—lBt, 78.1910 111 illlia'
Pac. Ext.— Ist, «s. 1921. -103
72I4I
MO.K.& T.— Oeiri,68,1920 72
69
69 "ai
General, 59, 1920
108
Cons.. 7.9, 1904-5-6
Cons.. 2d, income, 1911.
1901
N. Y Ccutral-6s. 1887...
Deb. certe.. ext'd 58
N. Y.C.& H.— 1st, op.. 7s
Ist. reg., 1903
Deb.. 59, 1904
43
92
86
fd., 6s,
I.
St.L-V.&T.H.— l9t.g.,78 117
'2d.
1884.1913
Ist, 68,
140'-a'.
130
1912
1912
Clev.APittB.- Con9.9.fd. 122
4tb.9.
Aak.
Bid.
2d, 79,
8d, 79,
95
100
MiI.L.S.ifeW.-lst,68,1921
Morgan's La.A
Ist, 78. 1918
.
;
1-t. <., P.
Penn.RR. — Continued
Pitts- Ft.W.A C— l9t,79
124
1931
58.
Registered, Bs. 1931 ....
ack.Lan.it Sag.— 6s.'91
Milw.it No.— Ist, «8. 1910
47'4 Naah.Chat.A St.L.—l9t,7s
N.—S.f.deb.,c..fls
Colhifltrust, 69. 1922.
102>i'102V
108
Buir.*S.W,-M.,69.1908
97
Ev. ife T. H.— 1st, cons.. 68
96^^11
Mt,Veni'n-l8t,6s,1923
-87 "ai.
Fl't^P.Mnrq.— M.69.1»2()
132 "a....
ail.1. A P.-6% en., 1917
Oal. Har.it S.Ant.— Ist.Gs
132y
aa, r»«.. 19IT.
2d. 7s. 1903
Ext. liCul., 58,1934... •i09'4
We8t.Div.-l8t,68.
Keok. A Dea M.-lat, Sa 108
2d. 68, 1931
OanlraJ of N J.-lat, "90 1. 112
Gr'uHayW.&St.P.— l8t,6s
M.
SECURITIES.
5214
,T
lat.
75
Eliz.Lei. Jt Big Sandy— 68
Erie— Ist, extended. 79... 12412
(188), 78. '98
OMr. MIJ.4 8t.P.—
1909
Coupon.
Ask.
'107
Collater'l trust. 69,
Divisional 59, 1930..
Che«.O.iB.W.-)(. 6.6a..
Chleaxo A Alton—
120
lat niort.,7a, 1893
Stakini fund, 68, 1903. 120
I*..* Mo. Rlv.— lat, 78. 120
118 120
2d,7«,1900
Bt. U J ack. A Chia-l8t 119
lat, roar. (564 ),7^ '94 l^Hl
126
ad, t^), 78, 1698..
Mtaa.R.Br-Ke-1 8t.s.t.68
Ckle.Bnrl.A Qulncy—
Oaaaol.7s,lB03.....
ta,aluklnK fund, 1901...
»4,debenrures,1913....l
Ia.Dlv.-H.fd.. 58, 1919
81nkln< fond, 4a, 1919!
Danver DIv.—<a, 1922.
Plain 4a, 1921
74»4l
40>s
E.T.Va.itG.—l8f,7B. 1900 iie'
47
l8t.conB., 68.1930...
*41
Ex coupona 9 to 1'.^
!
i
•51 la
6,s.
I
.
But. Olr.-lat, 08.1912
Bid.
1911.
Consol., 59, 1902
N.Y. Lack.A W.-lst, 68 122=4 123 »4
99
Construction. 6s, 1923
78 115"a
AtL*?Sc.-lafc6«,1910. 73 >« 73 •» Del.& Uud. Canal-lat.
l8t, eit,, 78, 1891
•lt.«0.-I«t.6a,Prk.Br. 117 J.
Coupon, 78, 1891
Bnr.C. Kap.4Ko.-l«t,6« 105»i
Registered. 78, 1894
95'k
Coosol.,lat, 5a, 1934...
l8t, Pa.l>iT..cp.,78,1917 136
Mlnn..tSl.I..-lBt,7«.(cn.
136
Ist, Pa. Div.. reg.. 1917
78
Weat.-l»t,
IikCliy «
111 114
Alb. & Susq.- 1st, 7b...
O.Bap.I.K.AN.-let,6a 107
10211 102=4
95
...
2d, 79, 1885
lau 58,1921
129
con9„guar.78.1906
6s
lat.
P.-Cona.,
Bo*. N Y *
112=4
II214
1906
1 St, cons., gu.. 69,
OeuFral.es, 1924....
139
OOV 99 "a Eens. it Sar.- 1st, cp.,78 138
Ota. 80.— l»l, int. guar. 68
1921
68
78.
Ist.rcg.,
*a, 58.1013
Denv.iS Rio Gr.-lst, 1900 10218 lot's
B««.,^a,l»13
56
56
95
Ist. consol., 78. 1910...Oaatnd !awa-l8t,7a '99
.
78,
llich.Cent.— Con8.7B,1902 123
'124
A»ell.T.*S.Fe-4>i>».1920
Bluklu Fond, ea, 1911-
I
Mex. Cent.— Ist,
IstM., 78,ex-cp..6.7,it8
luy
Btllroad Bonds.
SECURITIES.
I
1
W.—ConUn'd—
—
101
64
63
95
19
96
.
JUNS
'
THE CHRONICLE.
18, 1865.
New York
Bank StMk
Local Seonrltles.
Inauranee Sleek lAat,
Llil.
CPrioM bj K.
B.
BkUey, 7 Ptne
ihiit (•) are Par.
Bid.
OOMPAMIXB.
Ask.
I
100 IBO
Aiuor. Eiohanire... lou no ,ii9Si
BroadwAv
'J^ 262 >t 270
Butiliira' & Urov'e'
2S
llOH
Central
100
Ohaao
100
Ohathniii
9S 163
Chomlial
100 26U0
Citizens'
26 112
City
100 360
ConinitTi-o
100 151 162l«
lOU
CoutlncntuI
100
Corn Kxriutage*
100 166
Ka«t Rivnr
25
Eleveutti Warrt"
Fifth
Filth Avouue*
First
a.'i
Fourth
Fntton
OallatlD
GartleW
German American*.
German Kicbauge*
Germaula*
Greenwich*
Hanover
Imp. & Traders'
Irving
Leather Mauul'ra'..
Mantinttnu*
Marine
Market
Mechanics*
Mechanlc8'<!k Trads'
Mercantile
Uercoants'
Merchants' Exoh...
I
Metropolis*
Metropolitan
I
i
Hill*
Nassau*
York
York County
1
New
New
i
.
i
N. Y. Nat. Eioh....:
Ninth
North America*
North RlTer*
I
i
Oriental*.
PaclHo*
Park
People's*
Phenli
Produce*
Hopubllc
Bt.Nlcholas*
Seventh Ward
Second
8hoe<& Leather
State of New York'
Third
Tradesmen's
,
Union
United States
Wall Street
"VTestSlde*
100
100
100
100
SO
50
100
76
100
100
25
100
100
60
100
60
100
100
26
26
100
60
50
100
100
100
60
100
100
100
100
70
30
25
50
100
25
20
50
100
100
100
100
100
100
100
40
50
100
60
100
l"6"
:is<«
US
100
100
Far.
UO
Bowery
17
Commercial
.......
Continental
Kagle
Empire City
Bxchange
2m
30
227
1115
I6.t
20
70
100
60
100
40
100
30
60
Citliens'
City
Clinton
2J«
70
75
103
75
Farragut
Plnwnen's
17
•J 5
Firemen's Trust...
10
40
Franklin <& Emp.. 100
Oerman-Amorlcaa 100 20S
Germaula
60 Vii
Globe
60 105
Greenwich
26 lilO
60
Guardian
100
lOU
ITamllton
15
Hanover.
60 121
Home
100 l-iO
y-i
Howard
SO
Irving
100
JelTerHon
30 116
Kings C'ntyfBkn.) 20 190
•iO
Knickerbocker
40
100
Lonit iHl'd (H'klyn) 50
Mauutuc. & Build.. 100 100
47
Mech. tfe Ti-aders' .. 25
70
Medianlca' (Bklyn) 60
65
Mercantile
60
Merchants'
50 100
95
Moutuuk (Bklyn.).. 50
Nassau (Bklyn.) ... 50 140
Natioual
87 "a 80
N. Y. Equitable ... 35 140
60
N. Y. Fire
100
Niagara
50 130
iOO
North River..
26
P*clflo
25 165
Park
100 103
Peter Cooper.
20 140
People's
50 100
Phenii
50 127
Rntger's
25 113
95
Standard
50
40
Star
100
60
Sterling
100
Stuyvedant ...
25 100
United States
25 125
Westchester .
10 120
WtUiamsborg City. 60 215
,
LOO
,
ISO
V.Vi
14S
US
112
131
80
136
8U
10
iio'
160
ito
100
no
112".j
lu'JHi..
120
120
145
113
140
109
U7
lOi
llOHi
119
105
80
IOO
110
86
60
55
?15
130
UO
216
87
108
VJ8
1'.'3
67 "a
4U
I'J3
205
90
105
106
55
85
63
105
100
146
87
150
70
136
109
175
108
150
Brooklyn Gas- Light.
Amount.
,
Bnshw'kA V. ( Bklnj—Sfk
Central Ci-osstown— Stk'
J.
J.
A
A
85 128
85
103
93
1,' 85!
1, '85 IS.'i
Jan.
19U2
11
10
2'2'Apr.lO,'86 130
3
1902
103
2
Apr. 1, '85;122
2"a Nov. l.'84l 95
'
Mchl5,'85 81
Nov. 1,'84 105
3 lApr. 1, '8:
98
21a Apr.2V85 146
3
190()
108
3
Jan. 1, '86 04
3"9
1888
1105
3
Apr.l5.'86 157
6
1900
105
125
1900
109
IS,
3 Hi
1,000
J
7
2
100
100
400,000 J. A J.
500,000 (1.-F.
600.000 Q.-J
250.000 M.AJf.
'
:
TMnl Av.— Stock
Bonds
Twenty-third St
1,000
500.000
J.
A
J.
100 2,000,000, Q.— P.
I
Stock.:
!
1,000
100
1,000
2,000.000 J. A J.
600.0001 F. A A.
250.000
Ihia colnnm snows last dividend on
M.AN.
ttockt,
'83, 2li<
a^jJan.,
a-j.
Scrip
100 1,000.000 P A A.
Aad dt Ornrt st.F'ry—Stk
100
748.000 Q.— P.
Istmort
1,000
236,000 A. AO.
Hou3t.W.8t.&P.P'y-8tk
100
250.000! Q.— P.
Istmort
600
500.000 J. A J.
Av.—
stock
Second
100 1,802,000 J. A J.
Istmort
1,000
400,000 M.AN.
ConsoL
1,000 1,0,50.000 MAX.
Sixth Av._Stock
100 1,500,000. M.A S.
*
Jan.
J.
1st mort
1,000
Oent.Pk.x.& E.Rlv.-Stk
100 1,800.000 Q.—J.
Consol. mort. bonds
1,000 1,200,000 J. A D
Ohrtst'ph'r&lOth St-Stk
100
650.000 Q.— P.
Bonds
1,000
250.0001 A. A O.
DryDk.E.B.<fc Bat'y— Stk
100 1,200,000 Q.— F.
1st mort., consol.
600 &c. 900,000 J. A D.
Scrip
100 1,200,0(10 F.A A.
Xlghth Av.— Stock
100 1,000,0001 Q.—J.
Istluon,
Income
Pneblo
A
Ark. Val.—76..
Rntland- 68,
Sonora—78
Ist
12034
...
96'«
A Topeka
Atlantic A Pucllic
Boston A Albany
Boston A I/owell.
Boston A Miilue
Boston A I'lovldeuce
Boston Revere B. A Lynn
Cambrid.o
,.
A
114
132
105
126
98
83
Sllgl 61°8
Uia
117
Fort.ScottA Gulf
§132
Preferred
Iowa Palls A Sioux City,
Kan. C. Clin. A Springf'd
Kan. C. .Sprlngf. A Mem.
Little Rock A Ft. Smith.
Louisiana A Mo. River..
65 >s
i
no
104
20
i
87
12
88
ISi^
I8H1
12^8
1-13
101
150
no
97
110
160
109
130
112
!
j
July. 1900 112
April 1, '83, 205
June. 190 1 107
1914
103
May 1, '85 208
Jan., 1902 108
April!, 'So 168
Jan., 1888:105
May
1,
.Nov..
19221110
April
1,'85U2
'851162
Apilll,'85il50
Dec, 19021121
May
May
Oct..
130
1, 'Sol
1898 110
1
IPO
June, '931114
Feb., 1914 101
Apiill,'85 '240
Keb., 1914 11)5
May 1,'85 243
April
93 I1-.
M.iy 1 '85 140
July.
94 111
Jan.,
85,186
1910
105
May, '88 105
Nov., '84-250
luly.
1, '851
•90
May,
8S
Jan.,
Feb.,
•90
May,
UO
290
in
'85,200
'93,112
25>.,
113"a
210
U>8
104
2:0
112
175
112
167
160
112i«
144
1'23
1331a
116
193
n6>g
l^h
bat date of maturity of liondt.
1=8
1'4
78.
Syr.Gen.ACom.— 1st,
7s.
35
10l<^ 102
92
93
Pao.— Ist. 68,1905
70
Consol., 68, 1905
Union A Titusv.- 1st, 78.
United N. J.— Con8.6s,'94
40
1-26
1st, 78, 1899
68, 1909
Cons.
68, P. B.,
108 <a
1896
Gen., 78, coup., 1901.
CANAL BONDS.
61
2d preferred
Delaware A Bound Brook 128
East Pennsylvania...
540
40
Elmira A Williamsport..
& Del.— l8t, 68,1886 80
Lehigh Nav.—8s,reg.,'84. lOSHa
Mort. RH., reg., 1897 .. 119
Ches.
129
46
Cons., 7s, reg., 1911
Pennsylv. 6s, cp., 1910..
Schuylk. Nav.— lst,6s,rg.
2d, 6s, reg., 1907
—
552
Preferred
A
HuDtiugd'u
Broad Top
Preferred
Lelilgh Valley
Preferred
Little Sohnylkill
Mtuehlll A -sch. Haven...
Nesquehoning Valley
Norfolk A West'n*— Com.
Preferred
Northern Central
North Pennsylvania
Pennsylvania
A
Pbllatielpbia
Erie
Phlla. Ger.
Norristown
Phila. Newtown
N.Y
Phlla.
Reading
Phiia. Wlhu.
Bait....
A
A
67»8
60
61>ii
CANAL
60
38
47^
16>9
110%
99 <9
68
2d8
27
Sds
ColamblaA Oreenv.— lata 102
73
3da
No.Central—68, '85, J.AJ. I02I1
120<4
6a, 1900, A.
ibo"
2d
Cin,
7'a
130
IS
15
Pittsb.— Ist.Os
1908
118
A
A
Aug.- 1st..
Bait.— lata,
6a, gold. 1900, J.A J....
6a,8erlaa A
68, Serlea B
Plttab.ACon^ella.—7sJAJ
58 T,
29
103%
74
103
1-2S
123
108%
106
126
117
Union RR.— l8l,nuJAJ
Canton endoraea
102
A Tenn.—.Sa .
Virginia
US
100
100
88
W. Md.—68,
A
t
124%
106
107%
Wllm.C AAig.—68
A Woinon—liold. 7«
In default.
I Laat pnoe UUa week.
Wll.
Per ahare.
A
lat, r., J.
J.
2d, pref., J.
J.
2d, guar, by W.Co.,J. AJ
J
68, 3d, guar., J.
A
laMa
Cons. 68,1921
1
Wash,
AO
Ist, 8s, reg.,
Ex-divldend.
110^8
98
Charl. Col.
43'.
Belvld'e Del.— lst,68,1002
2d. 8s, 1885
3d, 6s. 1887
Bell's Gap— 1st, 78, 1893
1st, fs, 1905
Consol., b», 1913
Buff. N.Y.A PhU.—
3d, 7s, 1908
115
88 "« 89 <
Balt.AOhlo—68„'85A.AO 101 >i 101^
108
Cen. Ohio.—68, l8t,M.AS. 107
40<^
3-108, '96
78, E. ext., 1910
Inc. 7s, end., coup., '94
114
Atlanta
Ino
6>:
Atlantic..
RAILROAD BONDS.
idi"
80
>9
RAILROAD BONDS.
A Charl.— Ist
10s
STOCK.S.
Lehigh Navigation
Pennsylvania
134 la
70>« 71
Atlanta A Charlotte..
17S
Baltimore A Ohio
100 171
ISS
1st pref
122"
2d pref
6
Parkersburg Br
50
38^ Central Ohio—Com
50 49
47'a
Pref
60
Western Maryland
60 12 %
A
West J er.sey
West Jersey A
84l«
75"
RAILR'D STOCKS. Par
52
A
L.—Com.
Unlteil N.J. Companies..
Westchester —C«ns. pref.
124
BALTI.HORE.
Pittsb.Cln.A St.
•
A
W.— Ist, 58
W.JerseyAAtl.- l8t,88,C. 108
Western Penn. —6s, coup. 106
let preferred
AUegh. Val.-7
115
293
113
212
114
A Erie— lat,
Warren A F.— Ist, 78, '96
Westchester -Cons. 78..
116 ^
W. Jersey— 1st, 6s, cp.,'96 114<« 116
Catawisaa
108
290
98 la
Cons. 6s, gold, 1901
Cons. 6s, gold, 1908
Gen., 48, i-old, 1923
Preferred
A
40
30
Shen. Val.-lat, 7s, 1909
Gen'lOs, 1921
Tex.
t
Ashtab.
70a»
A
ShamokiuV. A Potts.—7s
Snnb. Uaz. A
2d, 68,1938
PU1L.ADEL,PH1A.
Schuylkill Nav., pref
117
160
113>g
191
106
106
120%
Conv., 78, R. C, 1893. .t
Conv. 7a, cp. off, Jan., '86
Phil. Wll.A Ball.—4s,tr.ct
Pitts. Cin. ASt.L.— 78.
B.—7s,cp.
Pitts. Titus.
Sunbury
RAILROAD STOCKS,
Allegheny Valley
Ashtabula A Pittsburg..
105
285
250
115
120
Income, 6s, 1923
Income, 5s, 1914
164
*156
ll".
A
2d, 78, conp., 1893..
Cons., 78, reg., 1911
Cons., 78, coup., 1911 ..
Cons., 68, g., l.R.C.19n
Imp., 6s, g., coup., 1897
Gen., 6s, g., coup., 1908
Gen., 7s, coup., 1908
Income, 78, coup., 1896
Cons. 6s, 1st ser.,c.,1922
108
ser.,c., 1933
Conv. AilJ. Scrip, '83-88
Debenture coup., 1893}
Scrip, 1882
10
581
PrefeiTed
es^
Cons. 5b, 2d
62
26
I
A
1
83
PhUa. Newt. A N.Y.— lat
Phll.A R.— 1st, 68, 1910..
.--,
....
Gap
C—
Cons., 68, 19'20
Cons., 58, 1920
78 b
Buffalo N.Y.
Phil..
Preferred
Camden Atlantic...
68.1932
Phll.AErie— l«t.78,op.'88 110<a
lU
9'a
Fltchburg
Bell's
lat,
12S<i
12S
133
7,1906
.
Ogdensb. & L. Champlaiu
Portland Saco A Porcsm.
Rutland— Preferred
N. R. Div.,
Perklomen— 1 st,68,cp.'87
No., pref.
Mass
Cons. 68, C.A R., 1923..
N. O. Pao.-l8t, 68, 1920.
No. Ponn.-2d, 78, op. '96.
Gen., 78, 1903
Debenture 68, reg
Norfolk A Weat.-Gen.,6s {88
A
..
A
Dot. Lansing
M
66'« 66<3 Oil Creek— lat, 68, coup.
6^1
7
Pennsylv.—Gen.,e8, reg
129%
*175'» 175»i
129
Oen.,6s, cp., 1010.
117
Cons., 6s, reg., 1906..
JWl-al
178'«
123
Cons., 68, coup., 1905...
178*s
107 i....^
Cons, 58, reg., 1919
no's
Pa.
127
N. Y.
7s, 1896. «
Cheshire, proterred
Chic. A west Micliigan..
Cleve.
Cinn. Sandusky
Concord
Connecticut River
Conn. A Passumpsio
Connotton Valley
i:«
1021a
lOi
111
I
STOCKS.
Atchison
Wisconsin Central
128
87
105
95
140
18Si|
N. Y. Phll.A Nor.— let, 6a 102 ig 103
Inc., 6s, 19;t3
46
Oil CltyAChlc — l8t, 6a.
I-
Preferred
May 5,
iaii"
Cons. 68, 1896
98 U IthaoaAAth.-lst, gld.,7a
92 »( I^eh.V.— l8t,68.C.AR.,'88 12114 iai>s
2d, 78, reg., 1910
136
Old Colony— 78
Flint A Pere Marquette.
Preferred
Bid.
lis
IJelaware— 6s, rg. A cp.,V.
lucduie
98
Scrip
92 >a
Ijebenture, lOs
loeia
N. Y. A N. England—6s
7s
114S
N. Mexico A 80. Pao.-7s {120'»
Ogdennli.A L.Cb.—Con.es
Summit Branch
Worcester A Nashua
X
,
Istmort
1,000 1,500,000 J. &D,
2tl mort
1,000
500,1100 J. Jt J.
Brooklyn City— Stock. ..
10 2,000,000 Q.— F.
1st mort
1,000
800,000 J. & r.
Bklyn. Croastown — Stock
100
200,000 A. 4 0.
1st mort. bonds.
. .
108
Cor.CowanA .\nt.,deb.fls,
.
133
120
100
50
55
118
130
125
226
Street.]
Cons,,
p.o
Cam, A Bnrl. Co.-O«,'07.
Oatawlsuft— lat, 7a, eon. o.
Chat. M., lOa.lt^
New 78, reg. A coup.
Cnnnecfg 8s, cp., 1000.04
,
Eastern,
Quotations by H. L. Grant, ^Hktr, 145 Broadway.]
BrckerSt.<SFult.P stk(
100
900,000
Istmort
1,000
700,000
Br'dway <fe 7th Av. -Sfk.
100 2,100,000
Istmort
Wall
no's
us, iiful.,.,
new.. ]22'sl22\ Del. A Bound Br -lat.7«
AGulf-78.... 110 |12U
East Penn 1st, 78, 1888
K.iiiy l.awr. ASo,— 6s.. 108 >a
EastonAAmb'y-6a, 1930
K. I'lty St. Jo. A C. B.— 78 I'ja
El AWm8p't-Iat,e«, 1910
Little It. A Ft. S.— 7s, Istl
108
68, perpetual
loss Harrlsb'g- 1 St, 6s, 1 883
K. City Hn'd A Mem.— Oa
62 tt 62 •< HAB.T— lRt,78,g.,1890
Mexican Central—7a ...
OldColony
Sate.
Period
2,000,000 Var's
1,200,000 Var's
250.000 A.&O.
Consolidated Gas
100 35,430,000
Jersey City di Hoboken
20
756,000 J.& J.
Metropolitau— Bonds ... 1,000
700,000 F.AA.
Mutual (N. Y.)
100 .3,500,000 Quar.
Bonds
1,000
1,500,000llt&N
iC&N.'
Nassau (Bklyn.)
25
1.000,000, VUr's
var's
Scrip
Var's
700,000 M.&N.I
People's (Bklyn.)
10
1,000,000 J. & J.
Bonds
.-.
1,000
400,000 M.dtN.
Bonds
Var's
130,000 J. Ji J
WllUamsbnrg
50
1,000,000 Quar.
Bonds
1,000
1,000,000 A..&0.
Metropolitan (Bklyn.)..
100 1,000,000
Municipal— Bonds
1,000
760,000
Pulton Muiucipai
100 3,000,000
BouuS
...„
300.000 J. <& J.
Equitable
'ibo
2,000,000
Bonds
1,000
1 ,000,000
I
U7»4
':iss.— Or,
ANew
1,000
,
2«t,
Preferred
Co., Brokers, 49
106
i
Maiue Central
*
68, c.,'8fl
'II
T'.i.Hsnmpsto— 7s.
Valley—6a....
'
i,,«s
;«t,7a* .'93
Ill
7i
Marq. Houghi'n A Onton.
26
20
...
Citizens' Gas-L.(Bklyn)
gr.,
•
C«
Nebraska, Os. K.iempt
Nebraska, 6s.Non-ex'pt 107
Wnbraska, 4s
Preferred
Metropolitan
Mexican Central
Nashua A Lowell
N. Y.
EnKland...
Northern of N. Hampsh.
Norwich A Worcester...
Par.
R'
,
A Mo.— Ld.
'!)-
135
A Maine—7a
A Albany—7t ...
A Lowell— 7a....
A ProTldenoo—7a
no
130
128
103
CQas Quotations by Geo. H. Pre.'«ti88
OA8 COMPANIES.
Bnrl.
'.40
W
141
264
160
ia7
Tss"
Uaa and City Railroad Stocks and Bonds.
Bonds
A 'l"i..kii-Ut,7i.
Ijand Kniiil, ln__
6»
Boston
6s
Boston
125
116
117
rj7
25
26
Broatlway
Brooklyn
81.
kfflh.
Boston
Boston
105
IMS
17S
170
140
120
12S
Itn
XCDUlTICa.
Btd.
BOMTON.
Aak.
Bid.
American
60
Amer. Kxoliauge.. 100
America*
Murray
BJEOViRITIES.
Ht.]
PHICK.
not NutioDal.
713
Qaotatlou la Boaton, Philadelphia aid Baltimore.
OOMPANtBS.
Harked
..
.
-
.
.
—
4
.
.
THE CHRONICLE.
::7i4
New York
KAILROAU EABNIMHS
the totals
from Jan.
1 to
earninKS and
grc^s
below. The statement includes the
Utert date are Riven
obtained.
be
can
returns
which
earnings of aU railroads from
Jan. 1 to Latat Date.
Samingt BeporUd.
The
..
latest railroad
[Vol. XL.
City Bankg.
—The following statement shows the
condition of the Associated
week ending June
Average
BaiHa.
New York
Banks of
Loans and
Legal
Specie.
DUcounU.
Avwunt of—
TeTiders,
iMtett
Soodt,
WukorUo
Bo«.
Bur(
SMny
May
"
I'
1.297,8'
13,082
7P,741
10,117
1B9.000
C«J.
Ohu>>
,
.
..;;J'iie
2'2,453
iiljwkMayl
CJBItT
1.735.000
\prll
Oentr
S8,.^43
1,306.000
11,539
76.971
8,686
117,000
32.063
2,030,079
290,002
Cb«•^
U
119,2
li9.94H
.J'nc
Chlr;
•,M»y
3",311
•I'l
437,()0<i|
436,300
109,500
SL^fil
44,001
lfi7.246
26,706
12,209
235,^50
24,400
16,230
111,892
.vTay
i
,iU-.rkM»y
April
Mur^ti
N.'i-
.\ptil
.Cr
l8t
W
wWne
Mny
d wk May
May
7,297
20.648
15,700
276,f98
15,3J7
49,011
18,390
25,191
42,400
J»nuftry...i
211,097
wkj'ne
let
8t
wi J'ue
1
April
aliwkMoy
ItliwkMay
.ill
wk May
March
..Vii.
(,
1.
.:
11
306,211
56,103
109,71
166,792
2,0''5,0"0(1,832,45I
Chlr
.,
1
;
.:iiik
\
1
S.
WkMayaO; 277,914
102,254
Fe May
204,900
2»,9oO
160,606
IU.Ceul.(lll&*i) l8t wkj'uei
Do (Iow«) UtwkJ'nel
auii.ni.T.ii,
,t
w.
May
M wk May
iT.
1. i.
17,916
36,960
April
iBi
wkj'oe
!.' a Mn. Kiver January ..
.Ian nary...
L*» Wi*trrr
23,552
1.5,582
291.519
16,011
67,711
18.203
17,061
64,400
254,134
308,0:)7
133.637
182,081
29,484
173,'!85
67,21b-
71,.S71
I
6,.50I
69,5.'
Marcl)
I
30,90".
14,0i6
294,113
21.987
16,834
101,013
74,524
)6,si69
ridwkMayi
May
32,2H5
429,347
496,100
112,500
47,010
44,463
219,147
41.20S
27,644
65.377
15,661
41,110
23,127
42,344
28,848
w.. 2d wk
MUllb April
X
I
51.211
60,666
24 ,535
ftdirilint:
-
Mny.
45,163
39,828
244,720
i; 9.1 47
lUrHoiv
kMu}
4,0081
20,101!
109.252
02,000
133.401
111,925
56,000
ll.OiiO
22,4 OOl
10,931
22,430
173,800
125.119
158,910
142,774
305,660
18S,1B7
I/)Ul«v.A
H«iii.
>^ i
I
vkj'iie
?.
I
:
,(>
>i;ircil
Maxirnii ( Html 1st wkj'oe
i..pa'
liei.N.,-.-l
Mllv
Mil
\i.ril
kJ'ue
UJ'ne
.
tS::.
354,7271
165,381
tr.
1
167 384
149.5'
451,599
4,824,406
171,583
1,183.467
28.«''3
2,762,37!^
I
'.
447,595
5,049.424
158,717
1,072,326
21,632
1,694,393
572,240
6,355,119
1,009,781 1,168,446
207,259
213.318
475,47(i
410,989
3.173,534 3.364,579
g,29P,579 7,557,712
564.796
626.554
9.18fi,00(' 8,936,638
9,162,552
9.163,954
2,148,432 2,339,535
637,173
478,205
941,634
1,013,649
1,004,135
1,001,291
672,734
692,901
182,520
183,957
l,tG7,151 1,191,014
64,900
06.672
56.130
60.323
2,225,792
2,327,706
305.129
341,746
125.509
134,610
.".92,952
465,837
309,302
340,917
•1,200.318 1,201,008
281,8-2
2 S 2,008
772.984 1,036,098
421,082
409,391
4.i.609
78.927
193,311
153,666
211.097
254,134
6,024.277 0,723,552
644.971
459.320
4,576,608 4,238600
'633,931
699,333
923,436
903,604
993,361
887,060
373.441
663,301
188,149
169,907
181,419
108.209
954,736
45,16
39.8i8
I
6,033,0
93.223
351.765
1,619,758
539,501
236,h73
471,708
021.748
810.078
987,685
712,023
291,595
168,3."0
107,466
913,048
51,211
50,666
5,705,421
122,716
335,816
1,188,155
663,241
218,591
467,386
53-,3-i6
836,350
928,847
792,473
101.679
5.081,368
1,772,382
1,030.127
077,611
282.177
1,009,902
1,725,772
4,842.463
397,673
1,386.377
178,480
1,070,128
Merchants*
MocUanioa*
Union
America
Phenix
-
City
Tradesmen's
Fttlton
Cheiuioal
Merchants' Bxoh.
Gallatin National..
Butchers' *I>rov..
Tr..
Mechanics'
A
Greenwich
Leather Manni'rs.
Seventh Ward
State of N.
Americ'n Kxch'ge.
V
Commerce
Broadway
Mercantile
Paoiflo
Republto
Chatham
Peoples*.
..
——
—
—
North America
Hanover
...
2.435,.'J00
Citizens* ......
2.385.900
2.293.600
3.032.600
Nasaan
Market
..•••.
.
2.795.000
6,037,000
4.083.000
1.874,800
Com Exchange...
Continental
Oriental
Central National..
Second National,
Ninth National...
First National
Third National ...
N. Y. Nat. Exch..
190.900
;,i<oi,ooo
4.896,500
105.000
191.900
6,635,600
2.693.000
917.000
1.136.700
6.045.900
789,300
298.800
460,200
290.100
678.200
1,173.100
821,100
150.000
1.826,500
2,5C8,500
1,576,000
1,206,700
1,156.300
3,149,100
1,385,200
863.200
705,700
208,900
222,200
894,100
67,200
16,568.000
l,6O7,(>00
1,686,300
13.588.100
7.575,000
2.429,000
4.748,600
14,949.900
1,025.400
'.. 130.100
2.063,:^00
l,82-.,400
Gf rmau- .\meric'n.
Chase National...
2,595.200
2,902.000
2,761.700
Avenue
German Exch'nge.
Filth
Qermanla
United States
.
Garfield
Fifth National....
B'k of the Metrop..
West Side
tion.
s
S0II.300
9
460,000
360,800
1,100
867,000
90,000
298,800
593,400
164,100
2,600
4:»,l00
43,000
683,200
870,600
i!
90,6 00
4'2ii'dod
46,000
6,400
210,000
246,200
263,000
4"26,do6
3"69,iod
163,606
9'S9,906
46,000
180,000
297,000
40,000
45,000
439,800
178,700
199,600
180,000
45,005
180.000
43,400
176.200
133,100
296.307,200 114600100 36,471,200 3t'4,211. 300 10,118,800
Total...,
The following are
Loam.
1886.
1,849,'200
18.021.400l 7.230.000
Boweiy
N. y. County
Lincoln
899.100
631.900
666,500
128.400
364.400
847.000
661.200
1,68.S.000
Nicholas
Shoe A Leather..
St.
Importers'* Trad,
Park
North River
East River
Fourth National.,
2.3oi).400
3,183,000
680,100
6.803.100
464.000
2,6f-0.000
6,839.700 10,721.400
3'27,S00
1.961.500
1,060,900 1.151.600
15,166.000 9.661,300
707.900
2,551,700
803.500
5.189.900
424,200
1,038.800
67,000
1.180,000
107,300
1,003,000
697,600
2,833.400
317,100
1,10;<,200
2,879.600 1.4P6.400
12,383.000 6.048.000
is,cf0.4no 10,491.300
5.926.600 1.103,300
0,026,200 2,083,500
361,600
2,206.200
6,:i73,l00 1,756.100
743.400
3,634,000
126,400
1,452,500
642.890
3,339.200
7.317,100 4,738.600
-
Irving
OircuJj-
1,190.000 11,680.000
488,000
8.750.000
2,?40,900
9,302,200
1,250,000
9.033.000
208.100
8.120.200
986.300 11,769,500
198,800
2,350,000
1,374,000 16,661,000
1,851,500
144,500
1.691,100
161,000
1,009,100 21,702.900
2.701,500
398,800
3,595,500
671,600
284,400
1,887.600
1,328.000
201,000
1,023.200
107,800
2.513.200
284,100
1,187,100
87.300
3,985.000
876.100
2,047,000 14,657.000
2,526,600 22,8:58.400
4.520.300
499,200
7,146,100
487.100
2.941,600
678,500
6,854.900
432.800
3,960.000
385.800
180.400
1,663.600
3.912,800
418,800
688,300 10,9.11,600
412.700
2.992,000
3,231,100
732.500
2,827.600
171,500
2,500,300
184,700
122,H00
1.658.200
3.273.000
272,C00
4.2;i7,600
214,000
6.074.300
835,600
3:<3,000
1.877.800
977,100 23,221,400
2,686.200 22.462.400
199,000
1,872,000
947,200
145,100
1,402,200 16,787,700
539.000
9,276,000
3H6.000
3,404,000
399,700
6.270,800
1,947,600 18,108,200
662,800
4.250,400
258.000
1,200.300
2.197.000
103,000
2,620.400
601,500
17:','.; 00
2,578.600
229.600
4.109.000
367.3,10
3.269,400
2,607,800
430.000
2,290.200
219,200
2.752,200
49,400
2.317.200
253,700
115,300
1,261,000
1,326.900
181,900
717,600
4,615,500
612,600
1,820,300
3,566.000
1,968.000
10,163.000
8,312.000
6.627.500
8,232.000
3.895.300
9.059,400
...
[Net DepoaiU
other
tlutn U. S.
$
$
$
New York
480.418
6.147,763
28.47.i
49.900I
1,201,648 1,397.726 4.661,111
N
393,182| 484.S64 1,563,954
il.
V.\
262.1021 275,50'
982.552
V.
149,0451 163,126
667,215
^..
90,331
82,27.'<
320,599
Voi
ksMoyl 137,3621 149.705
989,79
;1.
450,010! 454,74!' 1,726,6I.T
Mo:
895,403 1,287,805 3.588,220
OtLi..
..i wk May
21,130
26,016
3 I8,74e
llBtwkMay
OUo4iMii>ii
75,212
83,951 1,335,12!)
••
Ohio Soiitliini. May
31.845
28,»8S
174,899
April
April
K.\
1884,
Manhattan Oo
S
«
0H.224
A]».OtSonth'n |Mn.v..
1885.
1884.
1885.
City for the
1885:
6,
totals for several
SpeifU.
weeks
VepoHtt.
L. Tendert.
past:
Oirvuiatton Asa. CUar'at
9
9
s
$
M'y23 298,000,200 114607200 38,021,100 363,276,900 10,430,200 471.377,674
'•
Jn3
30 293,146.200 114501500 38,638,400 301,483,900 10,364,100 345.317.880
6 296,307.200 114600100 36,171,200 364,2U,:SO0 10.113,500;46S,877,50S
Boston Banks.
—Following are the totals of the Boston banks
Specie.
L, Tendert.
An.
Deposit*.*
59.311,284
46.152,129
70,296,986
M'y23 144,462,700 8,487,800 4,321,700 104,670,300 22,270,300
30lli4,026,600
8,70.%800
J'ne 61148,231,300
8.74-.',4O0
04,373.0110 22,047,700
4.816,70(1 107,-'7(),700 22,212,200
4,758,200
Clear'wt
!
Philadelphia Banks.— The totals of the Philadelphia bani s
are as follows:
230,768 289,982
901.469
Ot(-Kf>D Sbort L. Marcb
117,671
2,368
308.690
152,70!)
Aqq. Clear'it
Loang.
Lawful Money. Deposit*.*
1886.
Peniuylvanla... April
3,704.890 4,150,309 13,693,486 15.1.59,902
'-' wkJ'ne
rtoiitlX"
10,358
ll,<'2->
287,641
32S,234
9
S
ndU..S:!
246.719 279,923
937,396 1.0;i7,590 M:ly 23.,
7,608.383
44,099,177
26,695,389
77,155,756
74,941,396
Alu.Ai:
2,343,973 2,855,673 7.904.486 9.241.959
7,612,086
74,513,;H83
27.685,667
77,851,301
31,627,819
80.
Do f. ..
.,...:
179.970 1,233,079 4,048,850 4,08-1.343 June 6.,
77.395,553 7.484.396
63,754,947
26,898,610
74,356,932
Klclim'd^lMuv.' April
301,097 317,181 1,297,202 1,273,954
^Inolading the item " due to other banks.'
rh.Col.4Au« lAprll
52.828
54,81'
289,993
271,355
t'.,l,ii„i,i..,Ac;rJ April
39,481
45,728
251,197
23 1,069
(..
Unlisted Securities. Following are latest quotations for
April
49,953
32,07!
220,099
1"2,9m7
a
V
April
124.094
130,841
week past:
449,138
466,909
Wo:.:
...;, April
37,289
33,834
143,802
129,183
Bocti. it I'liisli'x :»t wkJ'ne
Bid. Alli.
2l,0'2
Seouritiee.
Securities.
Ask.
26,077
464,653
413,005
Bo«*W»t.AOK April
144,458
132,532
475.150
465,576 Atlantic <fe Pac— Stock....
2>4
6
N.
W.
*
B.Stock.
B». Jo. A WcBfn 4thwkMay
Y.
8h.
'4
15,637
27,741
West. I)iv., incomes
BtUAlton^TH. 4(liwkMay
16V Receivers' ct rt
27,371
32,898
4(9,318
15'
531,486
.... 76">;
Acciimnl. laud grant
North. Pac Div. bonds
21
Do iBranchesi 4thwkMsy
14,190
17,313
297,96t
33\479 Bauk, AMorch,Tel., gon.M
5'.
North Riv. Cons.— 100 p.c
Bt I., r. 8. il
IthwkMay
21,000
11,915
76'
227,787
189.772 B. A M. Tel, Co., Hoc. Cer.
Ohio Cent.— Klv. Div., 1st 1434
07,280
78,74.'!
SL.d[&ui (ran. lac wkJ'iie
1,717,824 1,838.6.J4 Best. H. A E.— Kew stock
IH,
PanlADul'tb 4tliwkMay
32,979
30,992
Old
Ohio Cent., 1st M.cer.as.p.
75
304,589
382,94"
P.MinAMan. May.....
483,317 621,167 2,629,470 2,972,786 Best. H T.ife We8t.-St'k.
1>3
17>a
BwiUi Carolina. .April
68,846
Debontares
43
73.31.
424,364
44t;,904
Bo. Puc. So. DIv Febmary
Buff. N. V. * Phila. tr bs 6.-i
Pensacula A Atlantic
33
82,300
72,979
184,92?
152,392 B'klyii
aoutbeni DiT.: Mantb. ...
Elev.,
76
«t. receipt.s
35'a
358.939 222,977
781,061
740,995
1st M., orwnen l.-<sued-.
Pittsburg * Western, 1st 69
ArUona
to
91
March
116,166 142,562
422,015
460,732
2d M., or when is.sued..
M»w Mexico.. Miuvh
57 y Podtal Telegraph— Stock.
8=^
63.022
54,162
172,609
163,748
Deuv.
53
A Rio Grande— tjons
Ist mort., 68
14
Tksm&k.o... Jannory.
65,075
94.986
65,075
Southern Tel.— Ist M. bds
94,986
58
28
T«x. * Bt. Loitla. 3d wk May
17,171
13.747
354,635
State ol Tenn.—Set'ni't.68 "so" "15"*
286,065 DenT. A Rio Or.
6
1M.A.A.AN. U. April
20.563
17,400
Den. R. G. * W., 1st M.
St. Jo. & W.,8ik trust cor.
85,7t3
64,361
CnlOB Parlfie... April
11,987,191 2,116.520 7,201,606
Guar, by D. & K. o
116
38 3j "96" St. Jo. & Pac. 1st tr. cer.
7,154,465
OMllCMitnil
42'
AprtI
52,755
Electric Ll«bt
60
43
70.8S9
236,527
303,174 Edison
* Mot, Hay
Kqult. Gas Co. o( N. V.
Te!r.& Col.lmp.— Ei.t'ond
123 la
16
25,90«
30,831
f
172.824
"36"
194,413
-,7VMub.]
Ft. Worth & Den. C. R. at.
Texas
Pac—
Scrip 1»84.
•••y
&
35
21,600
12'a
5,614
132,814
50,030
W«b.8t. I« 4 p May
Ist mort
38
65
1,019,075 1,202,032 5,056,624 6,274,536
West Jiney . April
Georgia
P»o.— UtM., 6a., 961* 97
New scilp
32
38
94.207!
93,186
303,674
2d mort
Wb.^.n^n fv,.t-i 3.1 WkM^.
38
40 >a Tei.ASt.L.,M&ADiv.a8p
,^^,5
"26"
itJU 548.851 312,165
Kans. & Nob., Isttr'tcer 106
!>6«,t.50
M.& A. Div., Ist mort..
2d trust cer
42 ::::: U.S. Electl-lc Light
°' *"" ^"* Pennsylvania A Ohio road.
Keely Motor
41,1
Vicksb. & MeridiHTi
1
"«„".' i^'l'^f' !t™'-°**
Mexican J^atlonal
Pref
2 Hi
3>a
Pret
^9
R?ii
10
1st mort
Ist mort
40
20
20V 2d mort
» Rot tocludlng Ind.
Mo. Pa".. Cowdry Certs..
Decatnr 4 8prin«f. In cither year.
3
10
M.K.dtT.— Income scrip
Vlrgiula MiiU'nd, Os. Inc.
38
60
. 5«< taelodin, ColonMlo Dlvlrion
in either year. } Mexican
60
West N. Coroliua.- Ist M "fiV.
currency. N. y. M. TJn. Tel.— .stj)c,k
Orrgnn Imp. Co
Ajirll
"^
.
W
,
W
m
.
i
w
.
W
,
I
1
.
I
.
,
1
'
'W
June
13.
1883
THE CHRONICLE.
]
c
3i ti ti
s
t
mc
tt
in lH8a-8, tr> |I103,(3I In 1h88-4, and t'.
satisfactory, evidencing as it doe*, tli
puny to meet the fl xed cliarges for
t
immr,
in l-Hi
."i.
out extra charge to all regular srtbt,eribers of the Chronioli.
Bxtra copies are sold to subscribers of the Chronicle at 60
cents each, and to others than subscribers at fl per copy.
found to be
it is
Xew
'
ins;
:
OPERATIONS AND FISCAL RESULTS.
1883-4.
rjft.R-M
2.tilO.V7.>
2,7i>:I.Kl'_'
»7o.i r,^
Earnings —
„
26,0l'J,817
^
$
PacscKW
108.91i5
778.061
14.370
Fr.lKht
MuilTe.M>rd88,
1884-5.
154.520
0S0,337
23,488,670
Frclslit (toiix) Uiovid
Freight (tons) mUoiigo
&o
103.311
OJ7,801
18.03G
onmlii?s
Operating expenses ftudloxog.
902,1.59
509,821
819,198
4SS,90,
Netc:uning«
Per cent of operating expeusog to earnings
392,335
C6-51
330,291
59 6^
Total
Ki-CMH
INCOME ACCOU.NT.
1883-4.
Seeeipts—
8
Net earnings
392.335
1.614
Interest
1884-5.
„ ¥
3ao.291
393,949
330,291
213.S02
Dividends
ISO.IOt
180.672
Total disbursements
Balance, surplus
360,780
33,169
269.7C2
60,529
Total Income
Uisbiirsemeiils—
Interest nu debt
GENERAL BALANCE FEB.
Assets
1«85.
$
Construction and oqnipmont
Stocks anl bunds owned
New Kiigland Trust Co trustees
Fanners' Loan & Trust Co., trustees
,
Accounts receivable
Casb
MlscelUmeous
Liabitities
—
Lands
Miscelliiueotis
38,602
202,730
1,367
18,882
15.692
5,960
188.002
2,798,100
2,259,020
2,991,700
16.036
2,612,337
66.194
358,598
Ac, on hand
Accounts p.aj-aWe
Profit and loss
10,96.'>,727
$
Common stock
Preferred stock
Bonds (ace Sui-PLEMEST)
—
11,101,991
Total liabiUtics
H*
10,878,T.'5^
11,161,991
Total assets
Materials,
."10.460
28.
1884.
—
20:1,730
1,367
22.706
24.71s
3,992
11,409,842
$
2,798.100
2,2.')9,0.'6
3,16(),700
2.5.271
2,621,088
80,808
447.919
7,000
condensed.
The main track of this railway extends from a juncwith
tion
the Alabama G-reat Southern R.iilroad, at Meridian,
Of this road llS-48
Miss., to Vicksburg, Miss., 139-88 miles.
miles are laid with iron rails, 21'16 miles with light steel rails,
and 30-100 of a mile with 60 pounds steel rails.
For purposes of comparison the foUowuig statement is given,
showing the operations of the company for three years ending
is
March
ai:
0VO3S earnings-
Passenger vecTpts
Fretglu receipts
Mall receipts
Express receipts
Miscellaneous
Total
Working expenses
Netrereuue
Fixed cUargpR for Interest
Intere<t on current account
Land Oep/t, salaries iiud oxpeu<'8,
Nov. 18il to Marob, 1S84
Balance
l8'f4-85.
1882-81.
18^3-81.
*l<i7,l.')B
!B190.21.'S
30.1,269
UO'.'.O.'i!
9,246
4,813
11,065
9.307
5,342
8,991
ll,i>27
$495,851
351.527
$513,884
.iiHiri.eoS
4t..5.967
$;41,S24
$93,000
752
4IO,8til
$103,023
from
inKO
re<luction of r.iti
evident that tlie <•
increase its business from other sources, and it is
tlie oiiening of the Vicksburg Shrevoport & Pacillc
into Texas, will, when once in optiration, furnish
business sullicient to enable your company to provi ;. ,.,. co
fixed charges on even a larger indebtedness than it now has."
To comp'ete such a line into Texas it is necessary that
arrangements be made for the transfer of leaded cars and passenger trains between Vicksburg and Delta. Although the
Vicksburg Shreveport & Pacific road was actually completed
in Angus'. 1881, no land with river frontage at Vicksburg
suitable for an incline and transfer purposes was secured in
advance by this company. This failure to proviile for the
transfer of cars across the Mississippi River has prevented
the company from doing a Texas biuinesB since completion of
tlie Shreveport line.
There have been serious obstacles in the way and the owners
of the land ask exorbitant prices, but negotiations are now
pending that will, in the opinion of the board, result in securing necessary facilities for a transfer, either at Vicksburg or
some other point on the Mississippi River, ui>on terms more
favorable than those heretofore proposed.
The books of the company show the cost of J40 miles of
railway with its appurtenances, including equipment, to liave
b-en §10,181,084, or at the rate of $72,722 per mile of road,
represented by $.'5,903,713 of capital stock ($42,163 pr mile).
$4,020,000 of mortgage bonds ($38,714 per mile), and !^2;;8.8.53
(nearly *2.000 per mile) additional of other indebtedness. Notwithstanding this Large capital, the finances of tlie company
are said to be in a very unsatisfactory condition, as is shown by
the table of current liabilities, amounting 'to $384,738. wiih
cun-fnt assets of $66,094, leaving the balance of indebtedness
$318,693, to which add estimated expenditures for reconstruction and betterments, as per engineer's estimate. *I45,.579,
and estimated co«t of changing gauge. $33,235, making a total
of $497,.507, which is required to pay the floating indebtedness,
to provide for interest on i's mortgage bonds, for putting in
an incline for transfer of cars at Vicksburg, for changing the
gauge to correspond with the roads west of the Mississippi
River, and for other current expenditures for reconstructions
and betterments during the current fiscal year. In the
judgment of the managers, these improvements will add
needed facilities that will secure sufficient revenue to provide,
not only for the present fixed charges upon the \ roperty, but
also for interest upon the additional $497,507 of capital rt" It is therefore of the utmost importance thatinimequired.
diate steps be taken to devise some plan whereby this sum
can be raised, so that the property can speedily be put in a
position to earn its fixed charges, including interest on this
additional capital."
11.409,842
Ticksburg & Meridian.
{For the year ending March 31, 1885.)
This railroad belongs to, and forms part of, the great system
of the Cincinnati New Orleans & Texas Pacific, which is shown
by a map in the Investors' Supi>Ui;.MENT. A separate report,
however, is published by this company, and from tlie remarks
of Mr. Frank S. Bond, the President, the information following
<
.
&
it is
•
,
i
The annual report of this company is merely statistical,
without any remarks upon it^ operations or flnanciul condiiion.
At a meeting of slocklioldt-rs the propoae'l arrangements inude
to control the Marquette & Western Railroad were ratilio.l.
Comparative statistics for two years are as follows
n„-,.„/.,...^
imo
uiry
I
Marquette Hongiitoii & Ontonagon.
(For the year ending February 38, 1885.)
Pnssoni;pr» oiinle<l
PitssongcTiiilleago
rom
'
>rer
It
of
the
'rieans
Is also, in part, caused by the completion
Railroad,
which
tak(
New
Orleans
traffic
s
North F.!istem
from and via Meridian, which had previou.sly ' '" -''inoed
* •
Jackson,
and
thence
New Oi
road
to
your
to
over
" To overcome its losses
in character of the trafHc,
ANNUAL REPORTS.
not
and
<
The IirvMTOEs' SoppLBMBirr contains a complete exhibit of the
Funded Debt of States and Cities and of the Stocks and Honds
of Railroad* and other Companies. It is piiblished on the of tratllc froni||(icksburg and the coiim
last Saturday of every other month—viz.. February. April, to Vicksburg. tliat in previous years wua Ir..
June, Angnst, October and December.andis furnished with- your road, via Jackson anl the llhnois Centrn'
i*^.
i*
'itn-
•econd mortgage bonds.
" In lo<>kini{ for the cause of this docroaae,
"'
' ?'
in ptrt oni^usioi^vl by the comji'
Orleans & Ti'xas Itallwny, from
and of the Natclii'/. Jackson
Ntttchcz to Jackson; each of whi<'h t.i
%ntelliQtncc,
^rjlatlraatX
715
.fU)9.102
29t;.973
0.44^
11.095
$103.0-13
$29,635
$101,000
3,2U2
7,633
7,019
Sar.$l7,572 Def.«10.402 Dof.$81,997
" The net results from operating your road during the past
three years, showing a decrease in net revenue from $Ul,tt24
GENERAL INVESTMENT NEWS.
BnlTrtlo New York & Philadelphia.— A dispatch from
Pittsburg, Pa., June 11, said Edward W. Kinsley to-day got
an order of the Court making E. G. Spauldin? and Henry MarPhiltin defendants in a suit against the Buffalo New York
adelphia Railroad. The defendants are the trustees of a mort:
&
gage for $1,000,000 on the branch road running from Buffalo
to Emporium, which it is now sought to foreclose, as there
are no funds to pay interest. G. Clinton Gardner of New York
has been appointed receiver of the branch road.
The holders of the second mortgage bonds, upon whfch
interest was defaulted June 1, have decided to hold the matter open until June 20. The first mortgage interest, amounting to $90,000, falls due on July 1, and the bondholder* wiU
probably wait to see what is done with that.
—
Canada Southern.—The Canada Southern Company has
issued a report covering the period from Jan. 1, 1«*!. to Dec.
It reports the construction of an exten31, IbSl (two years).
sion from Essex Centre to Windsor, saving fifteen miles disThis cliange made
tance between Buffalo and Detroit.
necessary a new steamer, costing ^255,000. There has also
been built the Niagara Falls extension, and the cantilever
briJge across the Niagara River. The bridge was boitt-jftj a
company organized for that purpose, but really belongs
to the Canada Southern Company, which is declared to be X\v\
owner of the whole of the bridge stock and the only
creditor of the company. Other important improvements kavo
been made. It is stated that $173,6oOof first mortgage Iwndshavo
been issued since Jan. 1, 1883, to take up old bonds or for the t «r'
chaseof bondsof associate companies. Of theissueof >
of second mortgage bonds, $:^t82,00O has been issueu
:
THE CHRONICLE.
716
[Vol. XL,
"3. Provision for means to improve the road, so that it may
be worked with a greater degree of economy and efficiency.
"4. Provision for future capital requirements.
of the market
exi?ndUu"«. but, as the condition
"5. The assurance to the bondholders of the control of the
Sver the expenditures,
wver
the
to^the
to
acceptable
acceptaW;^
pnce
a^a
a jnce
sal.e at
would not admit of further sal^s
for a reasonable period.
road
reimmediate
for
best to provide
it was thought
"For fall information as to the terms and conditions of the
wui«. upon
suspend work
.-f«."
and to suspenu
temporary loans, ana
bTtemDO^ry
^i^/nti
miiriments by
plan, reference is made to the agreement, of which copies may
S^j^SlmpUemlnts until the financial condition should be obtained upon application at the following offices:
become more favorable.
„
"The United States Trust Company of New York, No. 49'
„
meetin|iof the Canton Wall Street; William Wagner, Secretary of the Denver & Rio
Canton Company.-The annual
Mr
of
report
week
Grande Railway Company. No. 47 William Street, and A. MarOomiMiny of B.i timore was held this
following: Cash
cus, Secretary of this committee. Room 17, No. 52 Exchange
wSter 6. Brooks, the President, showed the
the
during
rece.pts
ic^unt-Balance June 1. 1884. f 12.986;
Place.
Disbursement
$83,909.
y^f?om«i^s,etc.,*69,922. ToUl
"Respectfully, George Coppell, Theodore Dreier, A. Marcus,
"
^propert^^ofjhe^c™^^^^
betterments to the
John Lowber Welsh, R. T. Wilson, Committee.
The proceeds of assessments uoon the old stock and general
mortgage bonds are to be applied to the payment of existing
floating debt, to the expenses of foreclosure and reorganizaannum,
per
$1,207
leases.
permanent
trustees;
directly to the
tion, to betterments and to the purchase of equipment or
temporary leases.
which capitalized ate per cent is *20. 125:
car trust certificates. The new railroad company is to have
capitalized is |69,lbb.
annum
per
cent
6
per
which
at
ti 150.
power to issue 5 per cent bonds to an amount not exceeding
the past
during
has
Company
Canton
The
|2n.!«5.
Totel.
secured by a mortgage which is to constiand calling $12,500,000, to be
Tear reduced its bonded indebtedness by purchase
tute a prior lien to the one given to secure the new 4 per cent
outstandleaving now
la of bonds to the amount of $152,000,
consolidated gold bonds. Such prior lien bonds, or their proanticipated will be canceled
inif only $171,000, which it is
ceeds, are to be used exclusively for the following purposes,
issue
authorized
before tbe close of the next fiscal year. Tho
viz.: ^6,382,500 thereof to take up the outstanding 7 per cent
of bonds was originally $2,500,000.
first mortgage bonds of the Denver & Rio Grande Railway
year
ensuing
the
for
directors
The stockholders elected as
Company, if their principal should become payable before
Oilman,
John
S.
Brown,
S.
Messrs. Walter B. Brooks, George
maturity, or for the purchase of the property sold under any
B.
James.
Baltimore;
of
Gunther
W.
D D JIallory and L.
decree or proceeding foreclosing the mortgage given to secure
Baylis,
and
Wm.
Cutting
L.
Walter
ColRate, Wm. Mertens,
such first mortgage bonds .$6, 1 17, 500^thereof for the purchase of
of New York.
equipment or outstanding car trust certificates (if settlement
of
Central
Central of New Jersey.— It is reported that the
cannot be made with the car trust certificate holders, as above
that
Ohio
Baltimore
&
New Jersey directors have notified tlie
stated) and for betterments, and the expenses of the reorganCentral
of
Jersey
meeting
they want a better proposition. A
ization, less .such amount as may be provided for the foregoof
report
the
listen
to
to
Saturday
stockholders will be held on
ing purposes through the cash assessment received .on the
Ohio
Baltimore
the
&
in
charge
the committee having
stock and general mortgage bonds. In no event shall the
proposition.
issue of the prior lien bonds and of the new consolidated 4
Chicago & Eastern Illinois.—The bridge across the Ohio per cent mortgage bonds exceed in the aggregate the sum of
Kiver at Evansville, Ind., will be open for trafHc in a few days. 135,000,000.
Under this plan, on payment of assessment, the new comBy its completion another all-rail route will be opened from
Cnicago to the South, l)eing fifty miles shorter than any other pany will start with a large fund, applicable to betterments,
The Chicago & Eastern Illinois will put on a fast train &c., and with a mortgage interest which will not exceed as
line.
following
between Chicago and Nashville.
A
Zm
^ninr
4.
me
L
;
per ceuton $fi,382,".(10
Chicago Milwankee & St. Panl.— At Milwaukee, June Seven
Fuur per ceut ou $J3, ilB,000
June 10. the annual meeting of the Chicago Milwaukee & St.
"
Paul Rjiilway
Company took
place.
All of the old directors
first iiiort.
7 per cent bniids....
cou. first mort. 4 per
Total...
ct.
bouils
$116,775
028,660
$1,375,435
and Philip Armour, of Chicago, was chosen to
The net earnings for 1884, after payment of taxes and insurfill the vacancy caused by the death of the late S. S. Merrill.
ance, were $1,541,923. The net earnings for the first four
The new board then elected the following officers to serve the months of 1885
were $519,463, against $351,650 for the same
•Dsuing year: Alexander Mitchell, President; Julius Wadsperiod of 1884.
worth. First Vice-President; John B. Dumont, Second ViceSTOCKS AND BONDS OF THE OLD COMPANY AND THEIR CONPresident
P. M. Myers, Secretary, and R. L. Jennings,
TERSION INTO ISSUES OF NEW COMPANY.
Treasurer.
were
elected,
;
CIncrnnati Indianapolis St. Lonis & Chicago.— The gross
and net earnings in April, and for the ten months from
July 1, in 1883-84 and 1884-85, have been as follows:
AprU.
'
,
July 1 to May 1.
1883-84.
1884-85.
$2,016,606 $2,123,343
'
,
1881.
$ll)7,n2l
]h85.
$180,9f)9
Openktlng ezpeosea
117.843
l'26,!i77
l,'i87,742
1,348.811
ITeteaniinci..
Fixed cbargea....
$79,973
50,053
$.54,022
50.000
$728,924
504,167
$774,532
499,1^6
$29,890
$l,0i2
$224,757
$273,406
OroMeamlngs
$0,382,500 first mortgriKC 7 per-cent bouds.— Bonds to remain a.s tUey
overdue poupous to bo paid in cash.
$19,740,500 first mnrtKa!,'e consolidated 7 per cent bonds.— To ho exchanged dollar for dollar of principal ag.ainst new consolidated bonds,
whicli are to bear iuterest at tlie rate of 4 per cent per annum from July
1,1886. The reduction in interest and tbe unpaid coupons up to July,
18HG. inclusive, to be compensated by the issue ot $00 ol" 5 iier cent
preferred stock for each $1,000 bond, and for each $300 bond In
arc,
proportion.
general mortgage bonds.— To receive, for each $1,000 with
unpaid coupons, $1,000 in 5 percent preferred stock, holders payper
cent
cash assessment; or $J00 in 5 per cent preferred stock,
2\
holders paying no assessment.
outstanding
car trustcertiflcates.-^To receive for principal
$ *, 470,000
new 4 per cent consolidated bonds dollar for dollar. Interest on present car trusts payable in cash up to Jul}-, 1886. To receive further
compensation per each $l,or.O— For certificates hearing 6 per cent intercut. $100 in 5 per cent preferred stuck; for certificates bearing 7 per
.fi, 500,000
BurplM
Deayer
& Rio
—
Grande. Tlie mature plan of reorganization
now approved by the committees of bondholders in New York,
London, Edinburgh and Amsterdam is just published!
should be clearly understood that this is the principal plan iri
interest of bondholders, and the only plan that has been
proposed at all for the reorganization of this company, except
that which has been designated as the Philadelphia plan
and
which was particularly favorable to the interests of the car
It
tlie
trust certificates.
The full plan in pamphlet form can be obtained of Mr
Marcus, .Secretan', 52 Exchange Place. The proposition
is to
loreclose under the consolidated mortgage and to
asse=s the
pTBMnt stock $8 per share. The Chronicle has already
approved of this plan as being apparently fair to all
interests
and giving to each class of securities all that they
could
expect to realize out of this embarrassed company.
The old
A
ftnt mortgage boDd8_ are very properly left
untouched, and
tbe overdue interest is to be paid in cash.
in submitting this
plan state that
«'I?^r^^r J!!i'' ^"}T^^
^^^^ ''*^« prepared the plan
!=?
wW.K
"'u°°?'''?*'?"
which IS
here^with
submitted and which substantially
correspnn.U with th.^t adopte.! by the committees of
bondholdersTn
""'^ ""1'^"^ ''^''"^ '' *« believed a
ma
fcftv of
o •.^'°.!i''">"
ionty
the bon.U are now held. Tho undersigned,
Wmoniou,
actinc in
co-operation with those committee!,
reqifes /our
to the proposed plan aAd the
deowa
«rly Bwent and approval
if^ Y;rCr^"reir^L^'it."''"«^ ^^^^ ^-' ^-P^Tof
^
«"'^««'l "Pas follows:
"^^y
'T''The limlLinn'n I'f mortgage
"'*'J''*"
interest to the net earnings
of
the com ^n V
iSS
-^y '''"'yb^ considered ^^e^.
^1
S^.^PUdi^'^-''"'''
jrogortion a. equitably represents
the relative interest of the
all
in:.'
cent interest. $600 in 5 per cent preferred stock.
*38,000,000 capital siock. -The old stock to be exchanged dollar for
dollar against new common stock by payment of an aseessnu^nt ol $8
per share at time of deposit, for whicli assessment of each $8 in cash an
issue of $16 ill 5 per cent preferred stock ot the couiiiany will be made.
The stocks
follows:
and bonds of the new company will then be
as.
$H, 382, 500.— Old first mortgage bonds romabiing undisturbed.
$35,000,000 first mortgage 4 per cent consolidated gold lionds.—To
run forflfty years from January 1, 1886, of which $5,401,000 are to be
retained in the treasury of the company for future capital requirements, and only to lie issued with the assent ot a majarity ot the preferred stock outstanding.
$24,343,950.-5 per cent preferred stock, non-oumulatlve.
$38,000,000.— Common stock.
Hoosac Tunnel.— The Governor of Massachusetts has signed
the Hoosac Tunnel bill. By this bill the Stale sells to a new
corporation the Hoosac Tunnel and the Troy & Greenfield
Railway, the State to take pay in the stock and bouds of the
new corporation. The new corporation is practically unlimited as to the amount of its capital stock, but must file its
certificate of organization within three months.
The Fitchburg Railroad is said to be the backbone of the new corporation.
Illinois Central.— The Directory of the Illinois Central
Railroad Company have ordered the extension of the Yazoo
Mississippi Valley Railway northward from Yazoo City to the
crossing of the Yallobusha River, a distance of seventy miles,
at an estimated cost of $15,000 per mile. This wUl open up
the Yazoo delta to the railroad world.
&
Indianapolis Decatur
&
Springfield.— Dow, Jones
&
Co.
report that the reorganization is progressing favorably, and
more than a sufficient number of the second mortgage bondholders have assented to the plan proposed and signed the
agreement. The committee named thereon have tiad their
—
:
.
THE CHRONICLR
JtJjOt 18, 1880.]
and the Car Trust OompMir would tBereupoo Im dluoWad aad
inerced liito the rnllroiul eompanr- Ttala arriuuteiiirat
liisrMlUI
of an apimrrntly long negotlutUm tMit»e«n tlie nnaaclal e<>iniiil(t««
the maiMKcrs or 1hi> t.'ar Trust Conipnny."
«toak,
meeting. Of the f 3,778,000 outstanding $3,009,000 Imve
aBScnted to the plan of reorganization. A notice will sliortly
be piihli.slic'U to bondholdiTs muH'sting tho deposit of st-cond
uiorlgjiKe lionds in oiu'nf tln' N. Y. trust companies to bclioreafter dcKJgnated. i(il,410,000of the first mortgage bondH have
funded the April and October coupons in accordance with the
proposition made by the company April 1.
Maine rentral.— Tho earnings for April and for seven
months of tho iiscal year were aa follows
first
BonilDtfB
Expcnecs
135,600
1881.
*330,02fl
138,(iOO
$97,420
-4,«50
901,426
as.SOO
1895.
Ntt
luterctt
und
ruotal.
I—
I|i2.9!)4
3.000
1)15
!)n4
A,709
$22,701
$22,476
1884-6.
$1,.^22.S48
1883-4.
.?1,52«.1S1
1.018.320
1,04.'i,T10
$50»,.'i2fl
$480,471
S17,75H
400,ilj3
Inc.
$13,230
(10,482
Inc. $.*,743
Surplus
ISiiiee Oct.
Eainlim-H
Inc.
Inc.
Expeusivj
Not
Intereatand rental
Defliilfinoy
Tnc
.
i<>285
Dec. !in.333
Dec. 27,3UO
Inc .$.'4,057
2l',8li5
New York Chicago* St. Louis.—There was a meeting of
the committee of Nickel-Plate bondholders June 5, at which
some remarks were made by Mr. William K. Vanderbilt. lie
proposed.it is said, a scheme of reorganization whorcliy the
first mortgage bonds should bo increased to |18,00(),(li)6 and
include the equipment bonds. The Nickel-Plate Company
would pay 4 per cent per annum interest on the first mortgage bonds without any guarantee from the Lake Shore Company. Income bonds would be issued for the present second
mortgase bonds. If tho plan was not satisfactory to tne
bondholders. Mr. Vanderbilt hoped that they would suggest
a plan themsolves.
In reply to the foregoing proposition, Mr. J. C. Reiff, Secretary of the bondholders' committee, sent the following letter
to Mr. William K. Vanderbilt
New York, June 10, 18S5.
W. E. Vanrlfi
hill. Ea<j.
Erie
'
Northern Paciflc,— The approximate land sales of the
Northern Pacific Railroad Company for the month of May,
1885, with corresponding month of previous year were as follows
h.ave been obtained from official
Erie car trusts will prove of int<-rest.
following facts
sources regarding the
The trusts aggregated
in principal and interest $13,729,777, and were distributed over
a period of fifteen years, from 1878 to 1892, and those which
are not yet paid are as follows
Fnncipal.
Interest.
Total.
fiscal Ttam.
Totals
$325,200
$l,'201.2r0
822,000
822,000
27,"i,070
22.->,750
."22,0110
17G.430
127.110
78.000
1.097,070
1,047,750
99H,430
949,110
822,000
718,000
524.000
260,000
$5,666,000
.')62,250
9,570
269.570
$1,255,380
;
$94,633 nec.$7.313
$87,320
last year,
$4
Total
-10.
—
—
:
April.
.
,
1885.
$230,768
183,589
Gross earnings
Operating expenses
$6,'»21,380
All payments were regularly made up to November 1, 1884,
and included the full amount of principal and interest of series
and B of the car trust of New York. After much negotiation with the representatives of these remaining trusts, designated as series C, D, E, F & G, the company made the following proposition, which up to the present time has been
accepted by about 80 per cent of the holders, namely: That
instead of making the payments of principal as originally provided, the company would make no payment for the year
1885, but would pay one percent each for 1886 and 1887, two
per cent each for 1888 and 1889, and thereafter pay not less than
five percent each year, with the option of increasing that sum
should the company so elect; to pay the interest regularly
when due, reducing the rate on series F and G, however, from
six to five per cent. Additional assents are being daily received,
and it is hoped that the proposition will be unanimously
accepted. Under this arrangement all arrearages of interest
are now being paid by tho company. [The amount of the
above series ''F and G" are not stated, and cannot be ascertained at the office. ]
New York & New England.—In tho Supreme Judicial
Court of Mlassachusetts, Judge Charles Allen gave his decision
in the case of James F. Smith against the New York & New
England. This -was a bill in equity to enjoin the New York
New England Railroad Company, the trustee of the second
mortgage, and the American Loan & Trust Company, as
trustee of tho New England Car Trust Company, from
exchangmg car trust certihcates held by the latter as trustee,
for second mortgage bonds of the railroad company. Judge
Allen dismissed the bill and stated his conclusions as follows:
"The following questions arise: First, is such an arran({eiuent Illegal
inherently! Second, Is there anything In Its particular teiina which is
Net earnings
A
$47,1'9
1S84.
.
Dec.
I
lo
1881-5.
$289,982 $1,1J9,661
213,846
92i,l»9
$71,136
Hay 1
1
.
18-3-4.
$1,341,603
1,073,005
$205,462
$i68,601
application of
& New England. —On
Trus-t Company of New York
Penu. Slatington
Mr. William V
the Metropolitan
McCrackern has been appointed receiver of this railroad company. The road runs from Harrisburg, Pa., to Puughkeepsie,
N. Y., a distance of 190 miles. The capital stock is |1, 741,600
and the funded debt is $471,000.
St. Joseph & Western.— At Topeka, Kan., June 11, the
Western Railroad, under decree of the
pale of the St. Joseph
United States Circuit Court, was effected. The purchasers
were a committee of the bondholders appointed for the purpose, according to the plan already published in the Chronicle.
&
Shenango & Allegheny. — At
Pittsburg,
Pa.,
June
6,
papers for the foreclosure of the fir.-t mortgase on the Shenango & Allegheny Railroad were filed in the United States
Allegheny owns from
Circuit Court.
The Shenango
Greenville to Hilliard, Pa., forty-seven miles of road, together
with ten miles of branches, operating in all fifty-seven miles
of road. The company made default in ^879. but paid the
October coupons on February 31, 1880. Since that time the
road has been in the hands of a receiver. The total amount
of the bonds out^tanding is $1,200,000, and the earnings of
the road have not been equal to the interest. About $300,000
of these bonds are held by English capitalists wlio are pressing the matter.
Texas & St. Louis. CJolonel J. W. Paramore, President of
the company, appears, to believe the property will be brought
out all right in the end, and with this view be and his associates are trying to get Judije Pardee to set aside the decree of
foreclo.sure of the Texas division, granted several weeks since.
The arguments for and against setting the decree aside will be
heard on the 15th inst. in Chambers at New Oi leans. On this
decision depends the order sought in Judge Treat's court for a
An
foreclosure for the road in Missouri and .-Vrkansas.
announcement was made some days since of the failure of the
readjuster trustees to do anything for the stockholders and
junior security holders cf the Texas & St. Louis Railroad.
circular was sent out announcing the impossioility of arranging matters and notifying everybodv in interest to take care
of tliemselvos the best way they could at the hales under foreclosure of the Texas & St. Louis in Texas, which is to take
place on Augtist 4 (unless the order is changed). This cucular
&
&
—
lUegall
'• Boih of these ((ncstlons
must he answered in the negative. I see
nothins illegiil or unjust in the arrangement. The parties do not dealirn
if
hhouid be a payment of ilio ear trust cere\ch>ingn
securities
that the
tihcates, till tlie whole of them should l>e itot In. There Is nn fraud In
such
arrangement.
It violates no provision nf statute.
an
proposing
The car trust ccrtitlcates had no other liasls for revenue except the
company
to
pay the rentals, and th« riirht, in
of
the
railroad
promise
case of non-payment, to rt claim and dispose of the rolling stock. IJy
ccmpany, iusteiul of eontiiiiiing
railroad
tho
ari-angeinent
the proposed
t« pay the rentals, would Issue its second mortgage bonds atonce. a«
in, and thus make payment
shouhl
he
handed
cei-titlcatefl
fast as the
full in this manner, at once, or as si>on a.s the holdoi-s of the ccrtitlcates
ooiupany, when all should
aiul
the
mllroad
thus
would exchange them,
lie thus excliauged, would bocoiue at once tho owners of the rolling
am' I.
$254,598
167,278
Inla.
The Ashland Extension of tho Northern Pacific was turned
over to the operatiag department on the 3d inst., and, owing
to the hitch in the negotiations between the Wisconsin Central
and St. Paul over the terminal facilities, the Eastern terminus
of the Pacific road will be at Ashland for the present.
Oregon Improvement Company. This company's statement
for April and for the five months from Dec. 1 is as follows
796.000
38.2f,0
$1,126
8,I3J
$253,472
158,839
36,089
Total inorcafe 1885. ..10.211
this year, $5 47
Town
Amntinl.
Aerts.
46.3 '0
Average per acre
:
$i76.0.
:
May, 1835
May, 1884
& Western.—The
which
1885
1886
1887
1888
1889
1890
1891
1892
•
;
:
DEAitSiii: K«fi"rrluK tn tho conferpnce with the committer of the
holders of the first inortpaRB bonds held ou Friday last, at which you
auliiiiiltcd a plan of reorganization on the i>art of your company. I am
instruettd by tho comuiittce to advlso you that the proposition Ih not
such as tojusllfy the committee in rceommendinK It to the bonilhoklcrs
J. C. Reiff, Secretnry.
for their approval. Veiy respec^tfully,
New York Lake
mm
i
:
Dlfftrtiiee.
Inc.
Deo.
wm
Now York West Shore & RntTalo. "r i.v,..i,..:.. 'f .lo,
tho Cashier of lln' (^onlinental Hank, «
iig
the foreclosure of the mortxage, has org.i
of
gentlemen, a» follows
Frederic Taylor, Chairman
R. C.
Martin, Oliver liarriraan, Edwin Einstein, J. N. Tlulchinflon,
Samuel S. Sands, John N. A. Griswold, William D. Morgan,
William Lummis, E. N. Taller, Henry n. Ilammoud. Their
circular issued under date of June 10, 'says, after referring to
the delays: " It becomes imperative for the bondholderf,
therefore, to combine and take immediate action to protect
their own interpsta. To that end the undersigned— themiielrea
bondholders and with no interest in tho proiwrty, directly or
indirectly, except as such- constitute a committee for the
purpose of enforcing all the rights of tho liondhoMerg under
the mortgage, and of securing to them ownership of the
property which it covers at the earliest possible date. That
the efforts of the committee will meet with vigorous opposition is evidenced by tho oft-repeated threats on the pirt of
those whose representations induced purchase of the bonds
that foreclosure of the mortgagn can be delayed for many
years. But the committee, satisfied that to foreclose the
mortgage and take the property is the only way now open to
the bondholders, is reaJy to accept the issue, and to undertake
the wurk." * » *
No discussion is made as to the future requirements of the
company, nor is any plan proposed for raii-ing funds to meet
prior liens, and this committee limits its work for the present
to the single effort to procure a foreclosure.
Tho Evening Post money article on Thursday said of this :
" The new scheme to push the foreclosure sale of the West
Shore first mortgage bonds is denounced by the Hewitt-Winslow-Pullman committees as onlyamove in the interest of the
New York Central to embarrass and delay the reorganization
of the West Shore and carry on the war to what Mr. Vander''
bilt has called the point of exhaustion.'
:
1(1238.020
Airil.
717
A
m
'
THE CHRONICLE.
718
among the unpro™darallv created a great deal of feeling
to te almoat too
SStodB^urTyholdere, and the time was felt
being done.
JhSftrpermft anything for their protection
t^^^* 'he
Toledo Cincinnati & St. Loni9.-It ?;PPe"%
of a new board of directors,
election
the
for
taken
ntoCTStaes
16. on page m.y^ere
L^rteff the CHRONICLE of Mayoppoeition
to the bondom>oeition to the old board, and
the
S
COMMERCIAL EPITOME.
Friday Nioht, June
m
under
rotferewho are cooperating for reorganization
g^io warranto proceedDlVm of the Quiglev Committee, and
at the
rnphavebelen taken in Ohio to nullify the action taken
of this company,
raw't'inK of the old board of directors
Boston, May 26, President
held at tlie office of the company in
quorum being present, the
E. B. Phillips presiding and a
following resolutions were adopted :
to
n.p l.n^ir.l ha« learned that certJiin parties olaimliif
v..t...' II...
uiot t ni?
. „f this ronipanv have Uol<l a pretended
„,.,
(rivlug
','•1
i.in iif the by lawsof tliis company, without
"^
BiKh l>v-l»W8, and wilhour, lequeatins this board
claim through the
trciu » .l'.«'i"l imJiinK. and lh»t those par.leselected directors and
prrti toh«Tech»uged the by-la*', and to have
^At^a
I
.
of all such
""m^So. ihls loan! repndlaifs and disavows the action directs that
and
PMtlw and .luh unauthi.rizcd and illegal meeting,
action ol
such
to
nullify
S%J^I,,R. In ./KO irarranio he prose, utcd
shall continue to exercise
[>ret*rrt^d Bloolth..lders. and that this board
elected
have
been
shall
directory
tlieir tUlo» as dir»ciors iiniil a new
h'ws of the company and in conforiuity with law.
DumuBM lo 111-be
coinpauy
rsof
this
moetlngof thest'.ckhnld
*V,
at such time as he may determine on or before
-,l
as
by
otticers
sucholher
eel Ion of rtirectoTS, and
Oft
law the otcikliul Jcra are authorized to elect.
Tnion Paciflc— Oregon Short Line.— The Oregon Short
Line earnings for the first quarter of 1885 are given by the
Boston Herald as follows
Liffertnee.
18?4.
ISS.'j.
/antiary—
luc.
*J3,.'>89
$17,829
flOl.118
Orw«i....:.
3J0
Dec.
77,lt4
7t!,754
Kxpessesuud taxes
'
\
,[
t
.
:
Net
rrbniary—
On—
EspiDK* Kad
$24,664 def.$.9,275
Inc.
$53,940
*?9.<"00
32,512
(U,3o4
Inc.
Inc.
o7.0f8
8,752
Def.fJ def.$45,341
Inc.
$18,335
du.GO;
taxes
Ket
13, 1885.
Violent rainstorms, extending over a considerable portion of
the country, with light frosts in middle latitudes, have occured
the past week, but no serious damage appears to have been done.
The week closes quite warm. The defeat of Mr. Gladstone
and his Ministry, in the British House of CommonF, caused a
momentary flurry in our speculative circles, but it subsided
almost immediately under the belief that it had little signifi
cince in its probable relations to mercantile affairs or the
values of leading staples. General trade is winding up for the
spring season, and will probably remain quite dormant for
some weeks but there is much confidence that prices will go
no lower, and that the coming autumn will show a general
improvement in the returns of business dealings, affording a
satisfactory comparison with the absence of profits, or positive
losses, of the past two or three years.
Lard futures have been fairly active for speculation, but at
variable and unsettled prices. There has been lioweverat times
some appearance of strength, and to-day there was a decided
advance', closing at 687c. for June, 6'85c. for July, 6'95c. for
August, 7'06c. for September and 7 16c. for October, and spot
;
lard fairly active at 6'6oc. for prime city, 6'80'". for prime
Western and 7c. for refined for the Continent. Pork is lower
and closes more active at $9 50@$9 75 for extra prime, $11 25
$11 50 for mess and $13@ $13 50 for clear. Cutmeats without essential change, but the demand more active ; pickled
bellies 5!^@53^c., shoulders 4iJ^@5c. and
hams 9@9J^c.
Smoked hams are quoted at 103>|^@llc. and shoulders at 5J^@
India mess beef is dull and lower at .|20@$i2 ber tierce ;
6c.
@
extra mess quoted $11 and packet |12@|13 per bbl.; beef hams
$17 50@$18per bbl. Tallow has been dull and is lower at
5%c.
Oleomargarine
is
quoted at 6j?^@7c., and stearine
8c.
Butter has been fairly active, and is firmer new creamery
14@20o.; Western factory 7@llc. Cheese is also doing decidedly better State factory 5,'.^@8c.
The number of swine
slaughtered at nine Western towns, March 1 to Juoe 3, was
1,588,774, against 1,290,853 at the same towns for the corresponding period last season. The following is a comparative
summary of aggregate exports from Oct. 27 to June 6
;
Monk—
<lr<H
ExpciiMa and taxes
»tt
Tknr monlht—
Otof
ExpeoMS and
taxes
Nrt
$117,670
06.223
$7?,36«
72,339
Inc.
$45,302
23,884
$21,447
$29
Inc.
$21,418
$308,059
262,585
$152.7(19
fno.
230,29S
Inc. $155,980
Inc.
32,286
$46,104 def..$77,588
Inc. $123,6!>3
St.
Lonis
— liiilianujioli.i
appointment of a special receiver for that road, to operate it
for one } ear from the date of the order.
Judge Treat
appointed Thomas Thacher of New York, as receiver of the
Mid road. Mr. Thacher is to qualify and take possession
July 1.
dispatch from the West says that the Indianapolis Peru
& Chicago Railroad— ninety miles in length— extending from
Pern, 111., to Logansport, Ind., was to have been formally
turned over to the bondholders' trustee, Davis, but it is not
yK determined whether the road will be operated under a
tra£Bc agreement by the Wabash, and pending this, the formality IS deferred. The road was formerly a part of the
Indianapolis Division, which was one of the unprofitable
branches. That portion from Peru to Logansport was not
released with the other parts of the division, but recently on
—A
application of Mr. Butler, counsel for the trustee, the order for
Its release was entered by Judge Treat. The
agreement sought
to be tntered into between tlie ro d and the Wabash
is to be
operative jiending tlie foreclosure proceedings alreadv
/ beeun
&
at Indianapolis.
Western
Union Telegraph.—The quarterly statement for
the quarter to end June 30 has just been issued.
The actual
figures for the quarter ending March 31 are a little
better than
tta etUpiated figures published for that quarter, being
6 |1,358
» ,
876 against the estimate of |1,.350,000.
,
For tlie current quarter ending June 30 the estimated
figures
afe given below in coinparison with the actual
figures for the
corresponding quarter in 18*4:
Q ryr nuling June 30.
Actual, 1881.
EtlimaCed, 1885
y
.
.
.
»1,«51,379
D»"ilct-^°
rah mt on bonds
$123,920
.'250,000-
"^'»«"'»«'
irx^;i.d:::: v;:;.::::;::a^ p: e.f
Bnrplus for qnaitfr
AMwirj.lusfurJlttrchSl
$1,400,0J0
%^o^i^Ra
143,920 * a'o.OOO-
1;KS
S107
a>.
P.
143,768
e.,*i:M^
fiia
i":::::: 4*049,'818
$56,391
4,246,943
««rrlos of Jotie 30
The company
S^ L 4 726
$4,187,470
$4,303,334
furnishes a statement showing
that Vhe^num
'^
'" "^ ^Pt^-^ber
20,
188lfwas
UOir^d
Zj^r^ r^i "^ *^« ^'^^
^^^^^£^^^^
hJSinr"c*'ii't'r,^^'r,i*
—
:
1884-85.
& Pacific— Missouri Iowa & Nebraska
Pern & Chicago.— In the United States Circuit Court in St. Louis, June 6, the Farmtrs* Loan & Trust Co.
of New York, as trustee under the firot mortgage on the Missouri Iowa & Nebraska road, tiled an application for the
Wnhash
Ql^ommeccial ijimes.
'l^he
.
"
[Vol. XL.
Pork
Bacon
Lard
lbs.
lbs.
lbs.
33.76O.8C0
279,645,948
178,lw3,364
1883-84.
31,973,600
220,845,7.»7
128,188,155
Inc.
S,7S7,200
luc. 58.80i),191
Inc. 50,0U4,909
Theie has been great depression in the coffee market. All
grades have been offered freely, meeting with only a moderate
Fair cargoes of Rio declined }^o. yesterday and
demand.
again to-day, closing at SfgC, while options further declined,
closing with sellers at 6'75c. for July, 6'95c. for September,
7'05c. for November and 7'15c. for December.
Riw sugars
have been very firm, with large purchases yesterday and today, with fair to good refining Cuba quoted at SJiaSJ^c, and
refined at 7)^c. for crushed and 6J^c. for standard "A." Molasses was depressed early in the week, but closes stronger at
20@ 20V^c. for 50-dog. test. The speculation in teas has remained
dormant, and at the close standard Japans are offered at 21}4C.
for July and 32c. for October.
Kentucky tobacco has remained quiet and unchanged,
pending the completion of the announcement of the Regie
contracts. Seed leaf has been very active, the sales reaching
the large aggregate of 2,750 cases, as follows 1,050 oases 1834
crop, Wisconsin Havana Feed, 6@333^c.; 100 cases 1883 crop,
Wisconsin Havana, 16@3,5c.; 800 cases 1834 crop, New
England fillers, 6c.; seconds, 13c.; wrappers, 16i;.; 300 cases
1884 crop, Pennsylvania Havana seed, private terms
200
cases 1S83 crop, Pennsylvania. 8(3i2c.
150 cases 1881 crop,
Pennsylvania, 6@10c., and 150 cases sundries, 5@28o.; also,
400 bales Havana, 60c.@$l 13>^, and ISO bales Sumatra,
$1 35@$1 60.
Crude petroleum certificates have been moderately active
for speculation; regular trade in refined has improved, and
the well news has not been very strongly suggestive of an
increase in the yield. The close is at 793^ ©79530. Crude in
barrels quoted at 63^@7c.; refined in barrels for export, 7:'!^c.,
and in cases, 8Jg@]0igc.; naphtha, 6^gc. The speculation in
spirits turpentine became quite dull and prices declined; but
to-day there was some revival of the movement, with sales at
34o. for Aug. and 35o. for Nov. and quoted on the spot at
34J^c. Rosins have ruled steady and close at |1 15@$1 20 for
common to good strained. The demand has continued brisk
for low grades of wool.
Metals have been dull, without important change in values.
It now seems probable that the strike of Western iron-workers
will soon be adjusted.
At to-day's Exchange pig iron certificates were entirely nominal, bids ranging from $15;j^@$16.
Tin firm, closing with further upward tendency at 19 '80®
20}^c. spot; 19>|@ 19 -850. futures. 25 tons July sold at 19'85@
I99O0. transferable notices issued at 19 900. Tin plate neglected. Copper quiet; Lake and Baltimore easy at 11 '30®
11-40O. and 10-30@10-o5c. respectively. Orford steady, 10 '650.
asked. Lead dull. Spelter sluggish.
Ocean freights have been dull, with rates quite unsettled.
To-day agents demand 3d. for grain to Liverpool, with only
2d. bid.
Petroleum charters have been more active, including three ships with refined to German ports at 3s. IJ^d.
:
;
;
;
June
—
1
.
THE CHRONICLE
18, 1885.]
COTTON.
Friday, P. M., Juno 12, 1886.
Chop, as Indicated by our teloKrama
from tho South to-niKl't. is given below. For the woflk omling
this evenin)? (Juno 12), tho total receipts have reached 4,720
b&Ira, agaiiiHt !S,!)17 bales last week, 0,964 bale* the previoat
week and 7,4'J'J bolon tlin>e weeks since; makinR tho total
receipts since tho Ist of Htiptemlwr, 1884, 4,710,007 bales, apinst
Thb Movement of
tiik
showing a
4.77'2,65.') biUee for tho
same period of 1883-84,
decrease since September 1. 1884. of 62,948 biOea.
at—
Steeiptt
Hon.
Bat.
13
118
Oalventon
Norfolk
••
..••
New York
60
55
....
31
6
43
3
44
106
23
44
131
• ••
230
....
86
21
11
....
43
• •-•
....
....
601
112
5
167
5
Florida
BaTannsb
•••
40
—8
.••
....
....
....
....
232
179
42
12
2
2
Pt. Royal, Ac.
.••-
....
Wilmington
Moreh'd C.,io
1
13
.•••
.*••
61
269
Norfolk
• ••
•
72
8
....
4
20
2
.—.
69
WostPolnt.io
8S5
89
29
272
423
5i)
New York
22
48
7
....
,--,
....
3
98
27
....
98
FMladolp'a, Ae.
910
45
f>
63
40
428
830
•
1,913
150 1,7.\0
4,729
418
609
566
1,U6
showing
the week's
ollowi
ri
e;
table
gi
ve
t
he
f
For comparison we
total receipts, the total since Sept.l, ^-^l. and the stock to-night,
and the same items for the correepomUng periods of last year
Totals this
week
,
1
1833-14.
1884-85.
BeeeipU
June
to
Thit
Week.
1-2.
Galveston
Sitiee Sep.
1,
1884.
113 455.3S3
44
10,920
60j 1,510,202
112 228,697
5
77.647
167 720.297
...
Ind'nola,&c
New Orleans.
MobUe
Florida
Barannah
Br'8W'k,Ao
Cbarleston...
72
Pt.Royal.Ac
Wilmington.
20
9,62:
885
59
29
272
429
Flilladera,Ac
1,913
Tn«al
550,482
232,553
67,983
82.192
41,118
51.242
4,729 4.710.007
stoeK.
Si,iee 8',p.
1,
718
4.193
589.113
8,473
i,no,oi5
252,363
42,876
651 491
8,084
416.672
13,697
91,691
12,588
577.082
221,858
107,275
178,470
29,963
60,938
12
4
1,151
211
160
1,011
917
1,730
5,671
48
159
542
25
208
1884.
1885.
1883.
1,561,
9,747
510,837
7,437
03,599
MTieadCAc
Norfolk
W.Polnt.&o.
New York...
Boston
Baltimore ...
Thit
Week.
H.409 4.772.855
1.436
Fotal 1884
Total 1883
3.961
None.
SOO
13,330
4.90S
26,662
21,603
''''^
Other porta
Total 1885.
4,395
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
8.900
3,000
600
100,808
6,324
65,738
9,491
2
2,130
1,327
2,216
3,023
713
898
2,263
1,726
4
275,372
262,186
7,160
5.501
10,033
6,310
8,375
8,401
None.
None.
None.
None.
None.
6,350
280
None.
100
29
None.
MobUe
Savannah
Charl'sfn, Ac
Wllm'Kt'n.Ae
Norfolk, &o..
All others....
Tot. this w'k.
BIncd 8ppt.
1^
718
522
2,818
1,561
6,4:
435
572
3,482
7,023
1,175
2 254
1,025
2,407
1,216
1,S80
1,316
4,146
316
722
159
542
208
16
1,867
1,086
75
219
ISO
148
2,647
1,302
3,815
2,343
6,005
2,920
3.378
3.931
9.108
3 402
9,500
4,729
8,409
21,573
13,658
28,218
19,870
1710,007 1772.655 5869,156 4586,171 5622,692 4S01,5C6
The exports for the week ending this evening reach a total
of 27,473 bales, of which 17,708 were to Great Britain, 6,361
to France and 3,401 to the rest of the Continent, while the
stocks as made up this evening are now 88o,T;)0 bales. Below
•re the exports for the week and since September 1, 1884.
J»M 12.
From:SlpU
Exported to—
Oreat
OontiSra'n. n^anee nent.
from—
Oreat
BHtatn. 'ranct
9,011
68a.02(S 287,957
Total
157,rt48
Orleaoa..
4,0S7
S,554
Mobile
Florlds.
Savannah
Charleslon*...
Wilmington...
Norfolkt
New
York
Boston
Baltimore ...
FhUwlelp'a,Ao
.
8,ooe
807
3,404
1884. to
Wuk.
Galveston
New
June
Exported to—
1.
18,307
S.3I2
8,342
352
852
1.881
1,861
8.809
48,180
8.585
178,908 ii,«9e
164,211 22,359
61,888
813.2B0
8.875
441.904 40,918
122.098
118,685
8,087
56,366
SOO
4.1»»
>.7«3
200.032
20,353
1S8.)0
9,811
014
30.056
856.^00
8,090
1,630
2,123
5.845
41.095
39.134
383,682
401.087
and showing some
prices quite variable
Contt-
12, 188S.
—
for speculation
and
—
Sat.
839
8i'ie 858
8I3„ Ois
8i5i»' 8'8
sit*
9% 911,8 9=8
9'»i« 9'8
Ord lOia 101,8 10
8tr.
lO'ia lou
Low Midd'g 107i8 103g lOSjg 10=8 10»,8
Str.t/wMid 1058 109,8 10>a 1013,8 10%
MlddlinK... 10%
10l3i6 lO's
lOiIie 10»8
Good Mid loisia' 10»8 lOiJie
ll'lB
8tr. G'd Mid 11%
11
115l« 11'4
U'te
Mldd'g Fair u-s 11^16 ll'>8
ll"lf 1168
Fair
\2H 121,. 12
125i« 12>4
Ordtn'y.^lb
Strict Ord..
Good Ord..
81s
GM
230.408
64.145
TEXAS.
Blon Tnea
[
918
I
IVed Til. Frl.
Ordlu'y.«l> 8"ia
87,«
8 '8
3 '8
Strict Ord..
Good Ord.. 9l'-16 9-.l,ft
?-T O'dOrd lO'lB 101,8
Low Mldd'g 103s 103g
Str.L'wMid 109,6 10»,e
MidaliiiK. .. 10..i<\ 1011,8
Good Mid.. lO'a
Sir S'dMId ill,« ll'i6
Uidd'g Fair Il''l6
Fair
121,8 121, «
I
83«
8»8
8ia,8! 91,8
']0«4
105. 8 ilODia
|lo%
lO's
iim
I
11
11^8
12
113,8
It's
Il2>4
I
»lb.
'l23,a
Sat.
128,8
Frl.
,Wed Th.
858
9%
I
10 '4
10»,a
in%
10"8
1013,9 inia
III9
111*
Ills
It's
121«
1214
8
103i«
Vrl.
8>«
8'6 18
9
913,8 9%
lO'e
lO'ia
107,8
10>s
1041,, 10«8
loi»iallO%
11
1018,9
113,8 11>«
11»18 It's
123,8 [iCg
Fn.
81,8
81'ie
,??18
Il0i«
Sl'«
9'8
!
S'la
nion Taes vredj Tb.
81*
91*18
9%
LowJIlddllng
Middling
n»,8
125,o_ll2M
ilOll,. 10«8
11013,, 10%
10lSi8lH,8
'
io<i
1011,8
101>i8
11
113ia
U»18 llUi«:ll»8
103,8 lOls
lOHi
103,8
10
8...
122,6
8«j.
9'3„,
STAINED.
Good Ordinary
Btriot Good Ordinary
Wed Tb
I
lOia
lOOs
8»8
91,8
9'8
103,8 105,8 'lOH
lOSg |10»,8
101a
lOi'ie
10:3,8 1015„lll'8
Ills 1111.
113,« lisja 11'4
im
.
8"l«
913181 9l5i«
!
8%
9»,8
103|«
91a
IQis
9»18
103,8 Il01>
SALES.
rhe total sales Emd futvire deliveries each day during the
week are indicated in the following statement. For the convenience of the reader we also add a column which shows at a
glance how the market closed on same days.
8,683
199.258
153,515
SA.LES
BFOT MARKET
890.8811
839,988
65.868
845,806
14.040
85,870
116,507
819
40.aSJ
6,»16
!-•
Sat.
8»i«
I
UARKST AND
Total.
325,601 1,205.844
700
43,880
QG7
|
Sat.
I
bales
quotations for
official
NEW ORLEANS.
Mon Tues
UPLANDS.
mon Tues
June 6 to
June 12.
—
Of the above,
in transit.
were to arrive. The following are the
each day of the past week.
'
nent.
~«e,5u
Tho
irregularity.
Southern Atlantic States have been visited by a cold rain
storm, but it was not sudiciently severe to do much injury to
Foreign advices have been generally
tbe growing crop.
unfavorable, the defeat and resignation of the Gladstooe
Ministry oeing added to dull trade reports. The more active
market for cotton on the spot had but little effect upon
futures, in which there were sharp declines on Saturday and
Monday. A further decline on Tuesday was partially recovered in tbe later dealings of that day, and on Weduesdajr a
small advance waa recorded, the distant months being quite
freely dealt in, owing to their cheapness and the excessive
rains in some sections; but the close was dull, and yesterday
a weak opening, with Liverpool depressed, was followed by a
general decline, most conspicuous in the next crop. To-dav
there was a further and important decline, in sympathy with
Liverpool, and there was little or no recovery in the closing
transactions. Cotton on the spot has been more active. There
have been unusually large sales reported for export and home
use. New England spinners are now almost wholly dependent on this market for supplies. There was a decline of 1-1 6c.
on Monday and asrain on Tue^ay, and a recovery of l-16c.
on Wednesday. Yesterday the feature was the further narrowing by l-16c. of the range between uplmds and Qulf
cotton; recently it was ,'40., it is now but J-^c. To-day there
was a general decline of l-16c. with a fair business; middling
uplands closing at lOpsC
The total sales for forward delivery for the week are 413,600
bales.
For immediate delivery the total sales foot up this week
14,463 bales, including 7,335 for export, 7,188 for consumption,
CLOSED.
Hon
123,218
Toea
Finn at
182.887
04.404
Wed Steady at Maadv
Thnn St'dy ai rev. quo
Pn. Quiet at 1,8 dee
1
j
1.650
813A!7
Bat.
Ex-
!,«
,8
or SPOT AND TBAXSrT.
Oon- Svee- Tran- _
1
port tump\urvn
Firmer
8t*ady at
.
17,-.08
6.3A1
S,4(M 27,478 2,840,640 380.902
Total
o 7?k 91 'Kn o o«.t 107
Total IWMJi)
* iDCJuaea exports irom Pon, Hoyal, Ac.
t Inelnaos exports trom West Puiaii Ao,
9.491
3.110
8.1*5
25
Nona.
600
The speculation in cotton for future deliverv at this market
has been comparatively dull for the week under review, with
1,064
ualvtsHiuu moludus ludiaiiula; (Jharlescon moludea Port Koyal, Ac.
Wilmington includes Morehead City, Ac; NorfolklncludesWestPoiut.Ao-
IF«k Bruitno
sejsr
None.
Mona.
1
162
605
112
167
72
20
014
0.031
None.
loo
424.727
385,756
In order t hat comparison inay be made wit h Other y ears, we
^ive below t he totalla at lead]ngport8 for six leasons.
1882.
1831.
1850.
Beceipta at—
1835.
1884.
1383.
GalTest'n.Ao.
New Orleans.
«-'
%f!
....
•
Boston .........
Baltimore
Oreoi
OOut
Franet.
Britain.
foreign
Savannah
....
26
Leattntg
AT—
New Orleans
Mobll«
Obarlenton
65
Mobile
Brunsw'k, 4o.
Charleslou
13,
•••.
•
OrloAiu...
Total.
JmH!
4
11
Indlsiiuia, Ac.
JW.
Thuri.
Wed.
Tut$.
719
In addition to above •zporti, oar talMnint favntght also (iT»
ns the following amounts of ootton on Ibipboud, n(Jt clMiad,
at the ports named. We add liniilar flgnna (or New Yoi%,
which are prepared for our si>eoial use hf Measts. Carey, Tale
Sc Lambert, 89 Broad Street.
5
Galveaton
New
a
.
dec
dec.
700
105
305
645
2.400
2,000 4,639
100 1.006
aK.
,
^ota/.
1.755
1,005
3,045
6,639
1,106
Salf.
trUt.
40.800' 3,500
66.000
2,aoo
80,000; 4,400
57,200
69,400
3,300
3,500
438
913 99,600: 1,600
7.3257,1331
14,(63 41 3.600* 18,90O
475;
3,708.056
(
rti^ 104
Total
daily dcllTonos riven above are actually doUvered
(levious to that on whioli they are reported.
The
the «a.
'
..
:
.
THE CHRONICLE.
720
[Vol.
XL,
The Visible Supply of C!otton to-night, as made up by cable
are 8l«''^,''y *^„«/°l^<'f:
TIB SaLBB AMD PRICKS OF FUTUEES
and telegraph, is as follows. The Continental stocks, as well as
In the statement wiU be found the
table
those for Great Britain and the afloat, are this week's returns,
for each month each day, and
£Srm^"et!'^rp^cei'of
and consequently all the European figures are brought down
to the daUy and total sales.
addition
in
bids,
dSS^K
Se
But to make the totals the complete
to Thursday evening.
figures for to-night (June 12), we add the item of exports from
M-^^^t^mmve
ZL
a
?3S.o
P??! 25ll ills
t& a o
''*
^^^^ fa
^^^"
^^"^
- »
"
««su ««s5 ^is^ ^iki,
i^»
ilM
i!ri
I If a: M ii^HIFV
5: §
3: »
3: »
|l
SSffS 9t??P
ill
•
•
ifP
:
B:
I
Bi
;
-
i
:
5:
^
f
:
includmg in
London
Stoofeat
I
II
it
the exports of Friday only.
1885.
9 3 3 ,000
28,000
bales
Stock at Liverpool
:
:
the United States,
1884.
ISfiS.
899,000
61,000
998.000
50.700
1832.
967,000
67,200
Total Great Britain stoci
Stock at Hamburg
Btoek at Bremen
Stock at Amsterdam
Btock at Rotterdam
Stock at Antwerp
961,000
5,400
49,400
46,000
StockatHavre
Stock at Trieste
186,000
4,000
66,000
8,000
6,000
963,000 1,038,700 1,034,200
4,000
3,900
2.200
67,000
51,300
27,200
40,000
60,000
15,700
900
2,400
1,300
2,900
5,300
2.300
241,000 162,000
139,000
6,000
8,900
2,500
69,000
90.000
34,000
16.000
12,000
7,000
8,000
13,000
5,800
Total Continental stocks
372,100
460,800
600
800
Stock at Marseilles
Stock at Barcelona
StockatGenoa
392,800
237,000
TotalEiiropean stocks ....1,333,100 1,423,800 1,431,500 1,271,200
361,000
366,000
409,000
India cotton anoat tor Eiirope. 237,000
77,000
70,000
254,000
137,000
Amer'n cott'n afloat for Eur'pe
3.000
15,000
45,000
24.000
Egypt,Brazll,&c.,aflt for E'r'pe
424,727
430,825
394,850
Stock in United States ports .. 385,756
43,197
43,190
87,983
62,500
Stock in U. S. Interior towns.,
8,300
2,000
7.000
2,400
tjnited States exports to-day.
2,087,353 2,339,717 2.622, 308 2,300,950
Total visible snpply
Of the above, the totals of American and other descriptions are as follows:
American—
611.000
742 ,000 580,000
Liverpool stock.... ......bales 700,000
260,000
306,000
257, ,000
104,000
Continental stocks
254 ,000
77,000
70.000
137,000
American afloat for Europe...
3!<5.766
424,727
430
,«25
394,850
stock
Uoited States
43,197
43,190
87 ,983
62,500
United States interior stocks..
8,300
2,000
7 ,000
2,400
United States exports to-day.
Total American
East Indian. Brasil,
Llverpool stock
1,474,253 1,456,917 1,778,808 1,286,750
c«c.-
Continental stocks
India afloat for Europe
Ejfypt, Brazil, <tec., afloat
Total East India,
Total American
288,000
64.000
154,800
301,000
16,000
233,000
28,000
112,100
237,000
3,000
London stock
246,000
60,700
135.800
366.000
45,000
381,000
67.200
133,000
409,000
24,000
882.800
843,500 1,014,200
613,100
1,474,253 1,456,917 1,778,808 1,286,750
«fco
2,087,353 2,339,717 2,622,308 2,300.950
Total visible supply
&a»d.
6^d.
PriceMid.Upl., Liverpool....
67,Bd.
SUitd.
lOOge.
llOfiC.
PriceMid.Upl., New York....
lOBitC.
123,eO.
The imports into Continental ports
this
week have been
39,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 252,364 bales as compared with the same date of
1884, a deer ease of 534,955 bales as compared vnth the corresponding date of 1883 and a decrease of 313,597 bales as
compared with 1882.
At THE
INTERIOH
TowNS
the
movement
—that
is
the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1883-84 is set out in detail in the following statement
—
S:§SS.S
^ B K
E g
o
so
a
CD
^
so
5 *-
fe
'^
25 »
g
1.^
1 «
I
-^
BE
a
g
^
•
t~*',
CO
CO to
h-
h-"
- CO
to
iP-
M
*»
:<:
ffi
.
B0>
JZ"
••
IS
OCC>OM;,ncOCn> V<CO> i^CCCOCW.
WMMM
to 01
mm»
cn
»-•
M h3 Oi Ol O CD
•
,
to
tt>-oco3a»
to',
fcO.
QDtOOOr-O
CD
tf^'lCCXW
H'W10MW*-<IC;'
rf»-My'|0ppMpC0W*-CDXiO:C0;.;C0Cip
H'Mo'kjVV u oc*:Ma<IV^oVlx'tc^o*a;
iyiCCWOlOlMtt-WCCaj
tow)f*Mm
wco oj
M-^h-CnOCDXC0<l05pjH'JO
bite
w
.
Ci
;;•
CO
oH
HQOWtOM O'OS'
t^<a\
OUO X I- CO o t-
o H 10 Ki ^- CO M
jfa.
C*J
rf^
03 Mt-*
eoojiotot-';
CC00»-*4W.
•
i,„..„,i, ,
-
«!ile«ln
Beptomlwr, 1884, for September, 158,200; Septem.
.«uil>er-Deocmber, fur I)ec«nil.er. 907,800;
^- r3 C3
.HyiteiulnT-Wrtiih, for Mari
li
r-*
2 294 100- qBi>t»mhoi:
a
„
*,
.
**""'^ 100 Ot^t- for Sept.
.o2 P?- J"
®^'"'- ' -SOO Oct. for Sept.
£3?«
26 pd. J°
to DXQh. 1,800 Sept.f or Aug.
CJ"
05 01 CO
CO
if^
GOO
i»-Goaico
w to
'
U 91
1(^
CO
WjCk
Oi(»>
K^&'tP-aoc^cot^
cocct^^<Ckro&3Cotoa3
-.i_^_iop 01*^0)
Oi Hk
fpiC^PP w Pi^P^ P
wVwVioi-iVooV'oo— VVottcM v<
MH
t^.
to
•
tCCOOiO)
O
M
VW
>f>- <1 -O
«OP »- O' CO Ci
fc3
The above
MCCOSi-*
MW
tooit-9to
rOH"
hP-aODXt^COtO
OlXIOOCJi; (t»MQDO
Ot;W»-ODW- «Ol-'CD^»lOHl-'«)XWrf»"tO
rfkOf
CO
10
t«OSI-'©tOtO<)CiMO. CO-J
ctiC;»w-^OL)CCDtoow:ococjt*jajo-J05
OiXrfi.M--IQOWi-"^— COC*«-Ji-**-©f»^0oOi
June-Tueaday, lo'lSslO-SOo.
•M pd. to exrh. 100 Jane for Ani.
•«7 pd. toeicU. 1,800 June for Jnly,
cj'
cc^y"
O 00 5. Oi
•
The foUowing exchangee have been made
during
"oca
>- week
" the
1X1. to
11 txl.
tn(>IPh.
T..1„
.r.n_j»
01
cirh. 1irm.rnn.
00 June f/i.
for July.
W U»
o; CI
CI
CO 03 -^
>-•
to
IC to
W
ocomoao*
Bliort >.itl( et for
Oi
CD
»-*
CO
to
oc:awci*.'co
ffiVcr'o'cD^Ol
Ifi.
1J«&'«.^UU
U W h*
©WptKOlXW
Sentpmlpr
MS
a->^oswy»occol-'toc:OicDal-'l>*»»t-uoco
COU)l(kVCC)f*-OtOW->a->]r-I^O'>^l-'QCCOCD
CO
»-'<>toOl'cC
^oimo'to
;
H
M*^;
tOtE>o<l!
-•)0iO>fa.aiQD<i0aM03'
b'CC»-'MWOC0
tox-iootomCi
to-^itOrf^coQot^QD
show that the old interior stocks have
decreased during the week 8,.516 bales, and are to-night 7
totals
2
June
'
THE CHKONICLE.
13, 188S,]
bales more than at the same p<>rk)d taat y«ar. The reoeipta at
IwIm hs.t than tho mime
the saino towna have I"
l>or 1 tho rwoipts at all the
week last year, nml sin
towns are ;J37,158 balua iis.-i man ior the Haiuo timo in ly»;i-W
Quotations fou Middmnq Cotton at otheb Maukkts.—
In tlio l,:ilil(> Inflow wi( t;ivo tho ola^iin!? «|iiotationa of ini<l<llinff
cotton at Simtliorn antl other principal cotton marlcots for oach
day of the posit vvoelc.
otosiso qaoTATioJW roa MtoDUito oottoji
Wttk ending
June
12.
(JnUpston
w
.N.
...
Orloooa.
M.'Mlo
Hiivuruiiili
.,
.
t'llUll.'SliiM
.
Wiliiiiiu'ioij
.
..
N'Trnlk
Hi>stoll
lliiltliiiore
rhihMlplphlit.
.AiiiriiHlH
Wedrut.
Jfon.
107,,
ID'S
10?a
tO>a
lOSi
10>4
lOSs
11
lOTg
101,«
10%
108,,
10»1«
10-.
10%
10%
10>4
lO"*
10%
10%
10%
lOli
101,^
10%
10%
lOiWa'a
10<ia<i:\i
I0I>88\
10>a
10<«
10>4
10»|B
10i«
lO"*
lOHi
lo-s
1041
ll'in
u
im
li>i«
1(138
10»»
Louis
lOSg
10%
Clmlimiiti...
10\
lioulsvillp
10i>»
10%
10%
1014
101a
10>4
10%
10%
10%
lOU
ll'ie
U'l«
lO:',
111
10% a -H 10% J % 10%«%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
rt
lO'Vi
times misleading, Jia 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 follovping.
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 iinaUy reaches the market through tlie outports.
KECEIPT8 FBOU FLAHTATIONS.
April 3
••
10
•
17
24
Mar
1
~
8
••
15
28
89
••
"
June 5
"
18
[
1881.
1
88,999 52,884
78.709 37,091
7a,91» 30,113'
66,587 30,274!
59,244 20.!-23i
48,781 20,063
50,575 15,857
43.978
8,694
88,539
5,863
80.428
8,129
83,458 13,584
81,573
8.409
188S.
1883.
'
188».
|
1886.
88,810 2«8.97ri41.23« 158,175
88,111 857,152|185,391 144,098
21,808 230.461 110,068 188,W)6
83.783|213.029 93,060 117,823
1
10,122|189,806: 90,704,108,983
14,746|164,SS3| 82,8091 88.328
8,633 147,942 81.23! 81.983
1883.
1
1884.
1
1885.
74,024
33,ail'
68,869
55,844
8I,249{ 14,034
10,830
14,7871
5,716
40,0951 19,1881
36,021{ 12,75?'
12,640
8,1,338
12,063'
3.288
70,045
34,1,^
29,005
14,083'
9,413 133,872
7.420 125,5115
84,2« 30,238
6641
789
19,810
1,780!
488
18,703,
14,4 lol
4,519
75,822
70,523
8,994 IH.Olu: 64,174
8,017 103,930: 56,100
51,807
51.911
08,673l
4,720l
30,S55l 47,701
The above statement sbows
—
>
I
'
-
-
I
—
—
—
—
Rmetpta at tJK Port*. Sfk at Interior Tbwni. TUc*ptsfrom PlanVn*.
1883.
Mch.a?
—
Uoliimbla, Texas. The weather has been dry ami warm
llii' Iii.vliiml*
tho week. ( 'onsifjorable damage wan done
by the Ilrozos overdow.
'4
Upland crops »|.!
gooti ihower.
The thermometer has averag>
..«t
lid the lowest 07.
Ill, Texas. —So rain all the week.
cannot vet
"
:"
V'; Vind
enUiM;iii' the <lam:n;rcrops of all sortM Id
The thermoinc'ter ha .:
IIj.'
Beltnn, Tfjcns. Wo li::
week anil tho wheat harv
are excellent, but will soon rctiuire luoidlure. The theruiooieter h.os averaged 70, ranging from 58 to 92.
Wealher/ord, Texas. It has been showery on one day of
tho week, the rainfall reaching twenty-five hundredths or an
inch. Wheat cutting continues; all crops very promising.
The thermometer has ranged from -55 to 93, averaging 71.
Dallas, Texas. We liave had good hard showers on two
days of the week, to the detriment of the wheat harvest, but
very beneficial to cotton and corn. The rainfall reached one
inch and ninety-four hundrclths. Prospects continue firatclass.
Average thermometer 8(), highest 98 and lowest 84.
'New Orleans, Louisiana. It has rained on five days of the
week, the rainfall reaching one inch and twenty-three hundredths. The thermometer has averaged 82.
Bhreveport, Louisiana. Rainfall during the week three
inches. The thermometer has averaged 80, the highest being
97 and the lowest 67.
Meridian, Missfssippi. The weather has been warm and
dry all the week. Rain is much needed in some sections, ns
dry weatber is rotardincj growing crope, which are backward.
Accounts are less favorable. The thermometer has ranged
from 04 to 93.
Columbus, Mississippi. It has rained on three days of the
week, the rainfall reaching two inches and thirteen hundredths. Average thermometer 81, highest 90 and lowest 66.
Leland, Mississippi. Telegram not received.
Copious showers on two days of
Little Rock, Arkansas.
the week have greatly benefitted crops, reports on which are
very favorable from all sections of the State. The rainfall
reached sixty-one humlredihs of an inch. The thermometer
ha-s averaged TO, ranging from 64 to 91.
Last week the weather was clear and hot. Average thermometer 70, highest 90, lowest 59.
During the month of May it rained on eight days, and the
rainfall reached tliree inches and ninety-nine hundredths.
all
—
Ri:cKii>T3 PROM THE PLANTATIONS.—The following table is
prepared for the pui-poso of indicating tho actual raoveiuent each
«'oek from the plantatioiis. Ueoeipts at the outports are Home-
Week
Ending—
flne.
—
lO'M
10'h
10%
dnrloff the weak,
are beginning to need Home. AI|
Average thermometer 83, highest Vi,
may Deem,
—
19
lo^»%
lO'e
very
It
1
10%
10 >«
10%
ICa
1U%
as
'
FH.
TKurt.
Tex(U,—Vf» hare had no rala
>:;e
!
We
ow—
&><ur.
Moiiipllld
St.
JVM.
/>(!/» 7,
721
2,228
3,281;
2,655'
—
thermometer averaged 07, and ranged from 45 to 87.
Helena, Arkansas, We have had thimder showers on three
days of the week, the rainfall reaching one inch and eightyeight hundredths. The remainder of the week has been pleasant and hot, and the crop is developing promisingly. The
thermometer has ranged from 08 to 93, averaging 80.
Memphis, Tennessee. We have had drizzles on four days
of the week, tho rainfall reaching thirty hundredths of an
Tlie
48
That the total receipts from
the plantations since September 1, 1884, were 4,740,403 bales;
in 188;i-84 were 4,773,854 bales: in 1883-83 were 5,951,431 bales.
2.
That, although the receipts at the outports the past week
were 4,739 bales, the actual movement from plantations was
489 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from tlie plantations
for the same week were 2,655 bales and for 1883 they were
1.
—
—
—
—
inch,
and indications point to-day to more
Average thermometer
be very beneficial.
rain,
80,
which would
highest 96, low-
est 65.
14,410 bales.
Last week we had light rain on one day, the rainfall reachAmount op Cotton in Sight Jcne 12.—In the table below
we give the receipts from plantations in another form, and add ing eleven hundredths of an inch. Crops were in need of rain.
thermometer averaged 78, and ranged from 61 to 93. Durto them the net overland movement to June 1, and also the The
takings by Southern spinners to the same date, so as to give ing tho month of May there was rain on eighteen days, and
the rainfall reached three inches and five hundredths. The
substantially the amount of cotton now in sight.
'5
thermometer ranged from 41
1884-85,
Receipts at the ports to J 'ne
luterlor stocks ou June 12
excess of September 1
1
1883-84.
1882-83.
1831-32.
1,710,007 1,772,055 5,869,156 4,586,171
lit
30,486
1,199
82,278
26,983
from planta'tns 1,740,493 1,773,834 5,951,431 4.613,154
Net overland to Juno 1
590,331 562,100 627,317 111,333
Soutliem consumpt'n to June 1
252,000 280,000 300,000 224,000
Tot. receipts
Total In sight Juno 12
3,588,821 5,615,954 6,878,751 5.278,487
Northern spinners' taktngg to
Juno 12
1,297.113 1,473.387 1,653,111 1,500, 100
It Mill be seen by the above that the decrease In amount in sight
to-niRlit, as compareJ with last year, is 27,130 bales, the decrease
from 1H8J-S3 is 1,289,927 bales and tho Increase over 1881-82 Is
310,337 bales.
Weather Repoets by Telegraph.— Our
telegrams from
the South tills evening indicate that the weather has in general
been quite favorable during the week and that the crop is
making good progress. In a few sections of the Atlantic
States it is claimed that the rains have been somewhat
excessive.
—
Qalveston, Texas. The weather has been warm and dry all
the week. Average thermometer 84, highest 89, lowest 77.
Indianola, Texas.- -We have had no rain during tlic week,
but will need some soon. Crops splendid. The therinoineter
has averaged 81, the highest being 91 and the lowest 73.
Palestine, Texas.
have had warm and dry weatlier all
the week. Crops are excellent, but will soon require moisture.
Wheat harvest promising. The thermometer has aver-
—We
aged 80, ranging from GO to 93.
HuutuviUe, Texas. The weather has been warm and dry
all the week.
The fields are clear of weeds and the cotton
plant looks strong and healthy and develops promisingly.
The thermometer has ranged from 05 to 94, averaging 81.
—
—We
to 90,
and averaged
68.
have had rain on three days of
NashBille, Tennessee.
the week, the rainfall reaching eighty hundredths of an inch.
this
mostly
those of May previously
The receipts
week are
omitted. The thermometer has averaged 77, the highest being
93 and the lowest 63.
Mobile, Alabama. We have had delightful showers on
four days and the indications are that they extended over a
wide surface. The rainfall reached nine himdredths of an
inch. The crop is developing promisingly. The fields are
generally clear of weeds and the plant looks strong and
—
healthy.
68 to 93.
The thermometer has averaged
79,
ranging from
—
Montgomery, Alabama. It has rained on three days and
the remainder of the week has been cloudy. The rainfall
reached seventy-three hundredths of an inch. The thermometer has ranged from 06 to 95, averaging 79.
Selma, Alabama.— \Vo have had fine growing weathe
with rain on two days, and the crop is developing promisingly. The rainfall reache<l thirty-five hundredths of an'
nd lowest li''.
inch. Average thermometer 77, hi
•
d.
Auburn, Alabama. Telegram
Madison, Florida.— Talegr&ianvi ivi-fi.w.ii.
i
Macon, Georgia. It has rained on three dt-ya of tho wee^
We are having too much r.ain, and tho weather has bten too,
-
—
•
—
cool.
Columbus, Georgia.—Vfe are having too much rain; it has
rained on three days of the week, the rainfall reaching four
Average thermometer
inches and twenty-four hundredths.
80, highest 90 and lowest 67.
has
rained
on five days and the
Savannah, Georgia. It
remainder of tho week luis been pleasint. The rainfall reached
four inches and sixty hundredtlu"^ Crop reports from the
Interior .aro good. The thermometer has averaged 79, the
highest being 92 and the lowest 64.
—
,,
g
THE CHRONICLK
722
Awjnsta,6()orff{a.-WeBtheT during
week very
t.^e
O^ growing
f^^ has ranged from
The thermometer
finely.
58
has rained on three days
*°Chart^^^outh CaroUna.-lt
one inch and eighteen hunof the week, the rainfall reaching
lowest 64.
dndths Average thermometer 78, highest 91 and
lightly on one
BtaUburg, South Carolina.— It has rained
rainfall reachday and heavily on two days of the week, «ie
thermometer
ing one inch and seventy -one hundredths. The
,
„
has averaged 74 6. ranging from 56 to 90.
three days
Wilson, North Carolina.— ^^^ have had ram on
of
hundredths
of the week, the rainfaU reaching sixty-three
thermometer has ranged from 60 to 88, avera-
an
inch.
The
also received by telegraph,
clock
riiowing the height of the rivers at the points named at 3 o
June 11. 188.5. and June 12. 1884.
The following statement we have
/une
11, '85
TMf.
Below hljth-water mark
Aliove low-water mark.
Above low-water mark.
Above low-wat«r-miirk.
New Orleans
MempUa
Inch.
4
8
21
8
2
3
2,1
3
30
4
[Vol. XL.
favor-
good. It has raiaed "ghtly o'* "^^
The
hundredths of an inch.
day. the raiuYall reaching four
from 58 to 99.
theraometer has averased 73, ranging
two days of the
AUanta, a«org(a.-\Ve have had rain on
thirty hundredths
w4k,thb;,Snfa{l reaching one inch
ableTurip accounts
June 12
'84.
Tett.
Ineh.
2
17
6
10
Since
TAif
week. Sept. 1.
Thit
Since
week. Sept. 1.
1.000 f29S.000l
4.000 193.000
1.000 249.000
1,000 133,0001
5.000 491.000
2,000 382,000'
Thit
Since
week. Sept. 1,
Exports (bales)—
tul^iverpool....
To Continent
...
Total Knrope
*
Acantarls 98
I
1,000 231.000
1
'
85,000
j
1.0001310,000
lbs.
Manchester Market. — Our report received from Manchester
We
give the
to-night states that the market to-day is quiet.
prices for to-day below, and leave previous weeks' prices for
com parison^
1884
1885
SH
32> Oop.
ShirHngt.
Iwitt.
d.
d.
d.
OoU'h
Mid.
Ibt.
s.
96
»6
6 «6
6 »6
6 96
6 96
5 96
6
6
Apr 10 83ie®8%
••
17 S3i«S8%
" 24 83,8®8%
May 1 8»iea8%
Iwiti.
Vpllt
d
10
10
8H
82< Oop.
d.
d.
:!.
«.
d.
3i»ie895,e » Uilj*?
5 11 97
9 (138 5 imi»7
5Hi„ 8^ 9 914 5 HH9 »7
8>a»7
5-.»i« 8»9 9 9% 5
51618
5'8
878
10
10
516,91 8-'^
8%
5l6,e
5>6if,
5%
Cotton Acreage Report.
I
^\
8%
8%
Uplde-
d.
8.
6
"
10
8 81i6»808
" 15 3iie»8»8
10
" 22 3
9
®8»ii,
" 29
liday
Ho
5o6 9
-asaiH a
June 5 8
•'
12 8
as9i« 5 5 96 9
Ootfn
Mid.
iOt.
Shirtingt.
9 9I6 " b^al
9 914
»7
8is»7
9 9\
9 914' 8isi»7
9 9I4' eis»7
t-'^i
d.
4Hi
5
5i«
61s
3
3
^^»
6>4
3
fie
63,
6%
63,9
6>4
638
638
3
3
e-ii*
— In bur editorial columns will be
4
foundto-day our annual cotton acreage repart, with an account
at length of the condition of the plant in each section of the
New Orleans reported below high-water mark of 1871 until South, together with our rainfall and thermometer record.
European Cotton Consumption to June 1.— By cable
Sept. 9, 1874, when the zero of gauge was changed to highwater mark of April 15 and 16, 1874, which is 6-lOths of a fo« to-day we have Mr. Ellison's cotton figures, brought down to
above 1871. or 18 feet above low-water mark at that point.
The revised totals for last year have also been
We have June 1. and
IHDU. OoTTOK Movement fbou aix Ports.
are given for the purpose of comparison. The
received
more
reports
our
make
as
to,
India
service
so
our
re-arranged
takings by spinners, in actual bales and pounds, have been a»
detailed and at the same time more accurate. We had found
KaabTtUe
Shreveport
Tteksbonc
Above low-wai«r-mark.
Mies
33
ing.
4
1
—
impossible to keep out of our figures, as cabled to us for the
ports other than Bombay, cargoes which proved only to be
shipments from one India port to another. The plan now
followed reUevee us from the danger of this inaccuracy and
first give the Bombay statement
keeps the totals correct.
for the week and year, bringing the figures down to June 11.
BOMBAT RECEIPTS AND SHIPMErTTS FOR FOaR TEARS.
follows:
it
We
Bhipmtn HtxnetJan.l.
OonliBritain] nent.
Week.
Jan.l
1985 9.010 36.000 45,000 1S8,000 432.000
620,000,40,000 904.000
982.000 60,000 1.424.000
iaS4>3S.OX>,10.00n 36,000 430,000 552,000
19S3ri8,000 45,000 83,000.159.0001724.000 1.0a3.000.50.0CO 1 465,000
31.000 31.01)0 018.0001491.000 l.U2,000l3a,f>O0 1 4-i<j.OO0
IMSl
Accordmg to the foregoing, Bombay appears to show a
decrease compared with last year in the week's receipts of
20,000 bales, and an increase in shipments of 9,000 bales, and
the shipments since January 1 shew a decrease of 362,000 bales.
The movement at Calcutta Madras and other India ports for
the last reported week and since the Ist of January, for two
rears, has been as follows.
"Other ports" cover Ceylon,
Tnticorin. Kurrachee
Oontinent.
Britain,
Oslentta—
1885
1884
Itadras1885
1884
Ill others—
1885
1884
Total
Bhipmenit since January
v>eek.
„
^^^
1.000
,
Great
,
_
54.400
87,500
17,100
13,500
1,000
^
—The above totals
for
1,000
1484.
75,500
114,000
-
the ports
ff .'?
£urop4
/Tom—
Bombay
All other port*.
Totsl
1884.
Since
ffeek.
Jan.
45,000
620.000
110.403
1,000
46,000
2,237,000
4,760,000-
427
428-5
440
955,122.001' 2,043.8 17,000
1883-84.
1884-85.
Great
Britain
Continent.
89,
2.509,
152,
2,428,
4.937,
Supply
2,598.
Consumpt'n 35 weeks 2.472.
2,560,
2,257,
323.
000« omilled.
Spinners' stock Oct.
Takings to June 1
1.
1.
Thit
week.
4,600
23,400
4.0U0
40.500
17500
31,900
49.800
^^.o^v/
lin.400
16 1.800
36,000
1883.
Since
Jan.
1.
Thit
week.
Since
Jan.
1.
63.000 1,033,000
730,400 36,00011.145,800
67,4 00; 1,170,500
A-VD
4,4001
87,500
SmPMEJJTS.-Through arrange-
*^^^Benachi & Co°^ol
Lh^1^;5%"}'**''^">
Uj^poaUnd Alexandria, we now ^^^'^'
receive a weekly cable of
the moremeDts of cotton at Alexandria,
Egypt. The foUowin J
for the pSt week
foTtoe
oorresponding week of the previoug
two years.
•wthe receipts and shipments
June
4,000
17,600
982,000
163,800
AuxASDRiA Receipts
^d
Alimatulria, Soypt,
Blnoe B«pt.
June 1.
400 lbs. each,
Oct. 1 to
Bales of
6i,B00
12o,70<
" ""^"^ interesting comparison of
J^'f^n^^Z"/
movement for*H.*''^
the three years at aU India ports.
>«• (outan*)—
'rUaweek...
1,971, S56,000>
lb. bales, the following shows the total takings
and weekly consumption for the two years:
11.500
41,200
t
tie total
June 10
total
Meekly CotisnmpUon.
QOs omitted.
In October
the
1885.
TM*
4,485,000
436
970,972.000
Stated in 400
and the
Total.
week show that the movement from
other than Bombay is 1,000 bales more than same
n'vmenli
Total.
2,227,000
. .
Spinners' stock
week last year. For the whole of India, therefore, the total
Bhimnents since January 1, 1885, and for the corresponding
periods of the two previous years, are as follows:
SKPORTg TO EPaOPE FROM ALL IMDIA.
to
Continent.
Takings by spinners .bales
2,532,000
430
Average weight of bales ....
Takings in pounds
1,088,725.000
1]
126,
Ill
70,8
70.S
70,8
70,3
In
70, -i
In April
In May
70,8
70.0
70,0
In
4,010
13,000
,
Great Britain.
1.
2,261,000
Takings by spinners., .bales
441
Average weiglit ol bales
^OOS.iiS 1,000
Takings in pounds
_
.
Continent.
Britain.
1,000
„
1.
aU-
1885
June
Great
Britain
Total.
241.
ContiTotal.
nent.
124,
2.722,
2,383,
525.
5.110,
5,178,
4.729,
2,846,
2,7 S9,
5,835,
2.484,
2.27.').
4,759,
449,
362.
514,
876,
401,
and Coconada.
BUpjnenltfor the
Great
Oct. 1 to
For 1S84-85.
For 1883-84.
/8ir.cc
lolat.
From
Reetipu.
Great
In
November
December
January
February
lu March
Our
i
135,8
135,8
135,8
135.8
135.8
135,8
133,0
133,0
65,0
65.0
60,0
05,0
65.0
65,0
63,0
63.0
72,0
72,0
72,0
68,0
64,0
j
t
'
'
65,0
65,0
65,0
C5.0
65,0
7-i.O
6">,0
72,0
72.0
65,0
05,0
1,600
3,595,000
2,000
2,640,000
1882-8S.
2.000
8,253,000
i
\
I
1
137^
that Mr. Ellison has this month revised his
figures of consumption in Great Britain for the first six
months of the season, by deducting 30.000 bales of 400 lbs.
each.
have, therefore, reduced the figures of weekly consumption for that period to correspond. The weekly consumption in May for all Europe is stated at 133,000 bales of 400
pounds each, against 137,000 bales of the same weiglit at thecorresponding time last year. The total spinners" stocks in
Great Britain and on the Continent have decreased 49,000'
bales during the month, and are now 427,000 bales less than
at the same date last season.
It will be remembered that in May Mr. Ellison also reduced
current consumption. In the form his figures reached us bjr
cable we were erroneously led to suppose that that was a revision, but this month he not only continues the reduction but
Ukewise revises past figures as stated.
We
Agricultural Department's Report on Acreage.— The
Agricultural Oepartment at Washington issued on the 10th
inst. its report on cotton condition and acreage.
The following is what it says on the subject of acreage:
The June report of the Department of Agriculture will make an
increase in cotton area of 5 to 6 per cent Virginia. 107 per cent North
Carolina,
1883-84.
j
137,0
137,0
137.0
133.0
133,»
137,0
137,0
ca'ole states
;
1884-89.
'
;
South Carolina. 103; Georein, 104; Florida, 102;
Mississippi. 106; Louisiana, 107; Texas, 110 Arkansas,
100; Tennessee. 101. The total area exceeds 18,000.000 acres.
102;
Alabama. 109
;
;
The following is the report of the Department on condition:
The plant is healthy, growth nearly average, the stand good.
Where recent ralue have been exoeesive the crop ie io the grass. The
.
.
JUUB
:
:
1
Tin:
13. 1883.]
HROiNU'LE.
(
« la 02, vrliUili In lilKlx'i' tliiin In tho tliron prci-e<linK yciiri
X Ir »ii iiiiiuiiiiI iiaKonnlty In coiiilltluu, only TeunoM«o
'•-'
<
iliHii
The BlHio
00.
irolliin
itro
I^Milxljiiin
00 Texiw
00
Ill
05 Arkiinmii)
HA
03 TciiuoMCC
Aluliiiiiia
02
Tho above statement of condition, compared witli the reports
for previous years, is as follows:
AUI<li.'UI.TUIlAI. Dlil'AKTMKNT'g .IDXIS OONOITtOil BKPOBTa.
.irollnn
Thia BtattMuent shows that up to May 81 the reoeipti at tbc
porta this yeitr were .'iO.DK biile« Iftia than in 18A3-84 and
v luldlng
1 1 18,848 baliM lefu than at tho some time in
i|iUi
since
to tho above totals to May 81 the din
that time, we slutll Imj able to reach an exact cumporlaoa of
the movement for the different yean:
'
01
HA
MlH-lK-lppI
118
i>U
I
<
uvt'i'ai.'O'*
72
',
'
i.'iiu
:
1
,
I
I
ConiJidon, l"""- 1881. t8S3 1882, 1881. 1880. 1870. 1878. 1877, 1876.
No. Cur...
So. Cur...
<;oorRla...
Floi-ldn....
Alnbnmit..
Mln'Mlpiil.
Loutfsituin.
TexiX't
A rkaiisas
Tcuuessi c.
Average
03 "oJT
o;
96
90
OS
BO
93
93
02
87
03
72
03
77
00
83
01
02
88
41
83
86
01
87
86
01
89
87
78
82
02
83
07
95
88
90
93
85
80
02
86
80
87
06
88
02
100
102
01
00
89
90
93
93
92
101
93
90
96
96
97
08
108
100
90
91
100
04
119
96
04
03
95
90
00
OS
87
99
80
91
101
Oi
101
98
101
101
io:i
02
00
01
82
91
92
bO
I
I
,
'
98
08
104
98
08
91
01
07
01
99
90
95
93
I.
1884-85
1883-84.
1882-83.
1881-82.
1880-81
187B-80.
rot.My31 4,701,361 4,753,701 5,415,712 4,651,808 5,519.110 4,718.878
625
B.
8,474
3.301
J'no 1
3,884
6,376
•'
795
2....
2,056
1,108
3,720
8,005
3,781
"
8....
-
4..
•
"
"
«
••
301
2,32j
297
62M
868
8....
1,'IOC
8....
1.14t
5.175
1.043
B.
7....
60r'
8...
9....
B.
55C
418
050
10....
" 11....
» la...
2,002
713
569
593
1,750
6,851
5,818
2,101
B.
4.127
4,920
4,100
3,5(0
5,163
3,236
8.
2.630
3 327
2,245
2,002
2,003
1,865
8,
2.488
5,663
B.
4,790
6,129
3.306
4,381
4,981
8.703
8.
3,105
8.
3,248
4,669
2.316
B.
6,049
3,601
2,913
2,013
3,508
3,484
Total .... 4,710.007 4,769,166 5,858,871 4,577,483 5,598,267 4,785,180
Peroentage of total
98-32
98-97
portreo'pt* Jiiue 12
95-31
07 33
95-67
The average given above foi'all tlie States ia the average as
This statement shows that the receipts since Sept. 1 np to
given by the Department.
to-night are now .59,159 bales less than they were to the same
Report of the National Cotton Exchange on the day of the month in 1881and 1,148,861 bales lees than they were
ACREAdE AND Condition of Cotton.—The National Cotton to the same day of the month in 1883. We add to the table
Exchange issued on June 8 its report on the acreage and con- the percentages of total port receipts which had been received
to June I'i in each of the years named.
dition of cotton. The report is auuimarizad as follows:
"Tho RCTSon prracntsgame strlhinK oontrn'-ts witli the one preccdinfr,
SHiPPma News. The exports of cotton from the United
and while attomlert with somu drawbacks for tUo cotton plaiidT. a States the past week, as per latest mail returns, have reached
may brtCh;iiMctenzt;d, taklug lUe whole cotton belt »ud all thiii>;H con-
—
a.'4 Ihc be-,! for 9(n-t'r,il yeava.
.\ very eool and dry spriui; rvtard<'d
plautiu;{ one to tw.> weeks, but the crop was well |iitched, Ian<l8
were iiroperty worked, and an excptioual stand hiis been secured.
tildered,
Insects have ravaged the crop and the jouor plants have died from cold
over limited arean. and Ihc plant over the entire bolt up to the ml Idle
of May WHS of siii ill g owih. but has hud the advai^titgo of earefiil
attention and onltlvatioii, which has been l>estowed on It by reason of
favorable working conditions and an abuudauco of labor.
In May
warmer weather and showers brought up the condition rapidly. In
«OURt] fcctious rains were needed to germinate the seed and bring good
standi. In other places rain was necessary to give vigor to the young
plants. While there are complaints, mainly from the northern section
of the belt, or rather from the upper counties of sume State*, of excessive rains, a careful analysis of tho situ.itiou justitles the .issertlon that
the damage from this cause, while feared in gome localities, h.ad not
really been yet Inflicted. The early June weather, therefore, In these sections may bo watched with Interest.
' Taken all together, the May weather conditions can ba regarded as
very favorable, anil they have brougnt the crop to a far higher status
than e.xl«led last seasou at a corresponding date In compar ng with
1831 the general fcitures, as will be noticed In our review of Suites.
and by an examination of the temperature and rainfall tables, there Is
a striking uniformity for this season over the whole belt. To contrast
hrlelly: cast of the Mississippi Kiver the condition Is fully as good or
better than last year. West of it the situation Is decidedly more favorable, while In Mississippi bottoms there is a marked advautage Ui every
respect.
•• These
eontrast^ are presented merely for the beneflt of those Interested in the Rtai)le that each may ilraw conclusions, as It Is not the
intention to give in flgures of percentages an estimate of the varying
f)ro8pects of the crop at so very early a stai^e of its growth. The acreage
las been largely increased and Is reported as follows: Virginia 100,
South Carolina lO'i, Florida 101, Tennessee 102, Arkansas lOi, Texas
109. North Cirolina lOi, Georgia lul, Alab.»ma 101, .Mississippi 10^.
Louisiana 110. Missouri, etc., 100, belt average 101. The Increase in
acres is B86,00O."
Jute Bitts, Baooino, &c.— The demand
for bagging has
for the past week, and orders are
being filled quite freely for small parcels, and the inquiry is
fully up to the usual quantity at this season. Prices are
steadily held and sellers are quoting 9o. for I'j lb., 9}4c. for
Ip^ lb.. 10 '4 c. for 3 lb. and Uc. for standard grades, though a
fiiight concession has been made on a few large parcels. Butts
have not been very active, though a fair amount of trade is
reported. Some parcels of paper grades have been taken at
l^(Bl 15-16e., 2,000 lbs. having changed hands at these
For bagging quality sellers are quoting 2'4@2J^c., as
figures.
to quantity. Sjme inquiry is reported for lots on the way
and a shade less than above figures will buy.
shown some improvement
C0MP.VRATIVE Port Receipts and D.aily Crop Movement.
A comparison of tlie port movement by weeks is not aocurate,
as the weeks in different years do not end on the same day of
the month. We have con.sequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named. The movement since
September 1, 1884, and in previous years, has been as follows:
—
Tear Beginning September
Uonthly
Seeeipti.
So far as the Southern ports are concerned, these
2 1 ,452 bales.
are the same exports reported by telegraph, and published in
With regard to New York we
the Chronicle hist Friday.
include the manifests of all vessels cleared up to Thursday
night of this week.
To
York—_
New _
1883-81
1882-83.
1881-82,
345,445 313.812 32e,65l>
Bept'mb'r
October.. 1,090,38,5 1,016,092 980,534
Rovemb'r 1,122,161 1.030,330 1,094,697
Decemb'r 1,101,211 1,059,653 1,112,536
January . 475,757 487.729 752,827
February.
2G1,44» 385,939 595,598
Maroh. .. 163,303 241,511 482,772
April....
I03,37i
111,75,5
234,519
May
35,57
45,918
185,523
1880-81.
429,777 458,478
833,195 963,31S
974,043 1,006,501
996,807 1,020,802
487,727 571,701
291,992 572,72^^
257,099 476,582
117,595 284,216
113,573
190,054
I
1879-80
333,613
883,192
042.272
956,461
647,140
447,91s
261.913
158,025
110,006
I
I
1,1-26
To Vera Cruz, per steamer Estaban de Antunaiw, 650
Baltijiokk— To Liverpool, per steamer Oranmore, 451
To Havre, per steamer £>aiuara, \i7
To Bremen, per steamer Nurnberg, 377
Boston— To Liverpool, per steamers Cephalonia. 670
Iberlao,
999
The
2,701
130
483
5,958
660
454
37
377
1.669
^
Total
21.432
particulars of these shipments, arranged in our usual
form, are as follows:
Litver-
vool.
Sew York.
7,816
M. Urleans.
5,!I58
Baltimore..
451
Hatn-
SreUult. Havre, men.
250
807 2,791
'.'.'.'.'.'.
""ii
13.927
Total
Ant- Vera
wtrp. Orus.
b»rg.
130
48»
650
868
1,669
,
250
Total.
12,307
6,608
"sii
1.6i}9
Boston
841 3,163
130
483
650
21,452
Below we add the clearances this week oi vessels carrying
ootton from United States porta, bringing our data down to
the latest dates:
Hbw Ori.kans- For Liverpool—June 5— Steamer Legislator, 4.069.
BOSTON-For Liverpool -June 3 — Steamt-r Kansas, 1,711
Juaa 5 —
Steamer Pavonia, Tt)9
June 9— Steamer Palestine, 8S2.
BJkLTIMORK— For Liverpool— June 9-Sleamer Baltimore, 352.
PniL.voELi'iin- For Liverpool— June 4— Steamex British Prince, 900....
June i»- Steamer Lord Gough, 752.
Below we give all news received to date of disasters to vessels
carrying cotton from United States porta, &c.
TvsEJH)urii, steamer (Br.)— Advices from Harllngen. May 27. state
that the bark Kendracht arrived here to-day. loaded with 145 i>ai«»
of cotton, salved from sunken steamer Tynemouth.
Caledosh, ship.— Schooner Joseph M. Hayes has been chartered at
Bath, Me., to go to Nassau, N. P., to load cotton saved from the
wrecked ship Caledonia.
Cotton freights the past week have been as follows:
Satur.
Hon.
Tue*.
Wednee.
d.
*3a*
Hi.
H%'
8all...(i.
....
....
....
'S3'
.••>
e.
»3a'
»3a*
»sa*
»sa*
e.
..•
..••
--«•
=%*
%•
Uverpool, steam
Do
sail
Bremen, steam.. e.
Do
V
»•
*»•
c.
.••
..•
>•
-»•
Hamborg, stoam.c.
»64'
»6t*
»61*
»«*
sail....e.
Do
Amaf d'm, steam.e.
8ail...o.
Do
>a»»64
•«»•«
H9*M
sail
Beval, steam
Do
sail
d.
e.
BaroeIona,Bteam.e.
Qenoa, steam
Totalyear 1.701,861 4,752,791 5,815,712 4,651,808 5,549,410 1,748,873
Fero'tage of tot. port
receipts May 31
97-99
96-43
9191
96-61
9117
250
807
Weser, 1,958
pership Lydia Skoltield,
7,816
Meekar. 358
To Hamburg, per steamer Suevia, 130
To Antwerp, per steamers Hermann. 297
Fennland. 186.
New 0ble,vn8—To Llveriiool, per steamer Andean. 1,832
Havre, steam
1881-85.
Total Imlet.
.
To Hull, per steamer Marengo, 2,50
To Havre, per steamer Sf, Laurent, 807
To Bremen, per stoamcrs Fiilda, 475
Do
1.
..
Liverpool, per steamers Celtic, 860
City of
Chester, 1,581. ...City of Komc, 80 (additi<iaal)....Ualley,
Spain. 2,957
Wyoming, l.'JJo
1,0»3
e.
Trleate, ateam...e.
Antwerp, steam..;
'gompressed.
..-.
....
Tkurt.
Fr\.
»««•
»e4*
....
V
..».
>8'
•••
V
>*
V
•
*•
•m-
•m*
^•^n
"t«»«4
....
••»»ei
....
-.••
••..
....
sa*
>•
»»•
'»•
•>«•
..«,.
..-•
•••
..••
»sa*
Taa*
»sa*
fsa*
»sa"
»M'
S3*
•saTs2-
»!«•
•is*
»1»*
H9*u:
»M*
•«4*
'as*
»u*
•is'
"«»»6i" >«»»«• ^••«4'
•is'
....
"m-Tm*
1»64-T«|*
»»
>»'
—
THE CHRONICLK
724
Liverpool, we have the foUowing
port.
the week's Bales, stoclw, &c.. at that
compariaon.
for
weeka
previous
add
UVERPOOU-By cable from
We
J^m^ol
May 29.
ilaji 22.
week
Sd.OOt
bale*.
BalM of tlio
or wulih exporter* took ....
Of which speculator* took..
4,00i
1,000
2fl.00<
Balee Araenran
Aatoal export
rorwanle<l
8.000
8.000
.,
9.)».000
Total (lock— £8 tliuateu
Of wblrta American— EgtlmM
Import of the week
Of which American ...
740,000
32.000
Ttttal
27,00*
145,00(
ss.oor
lODOiiiit afloat
June
June
5.
18,000
2,000
48.000
3.000
13,000
5,000
8,000
996.001
747,000
66,000
25,00t
133,000
53,000
1,000
37,000
3.000
10.000
977,000
733,000
48,000
30.000
125,000
37,tO0
12.
49,000
4,000
1,000
35.000
4,000
12.000
933,000
710,000
24,00
16,000
127,000
39,000
1
Of which American
each
The tone of the Liverpool market for spots and futures
prices
day of the week ending June 13, and the daily closing
of spot cotton, have been as follows:
Saturday ITonday. Tuetday.
Fnday
Wednet. IKwid'y]
{
BtnilT
Market.
13:80 P.1I.J npported
Dnll.
Mid. Upl'da
KMl.oA'ns.
"•rtet.
Firmer.
.V3,g
5'a
5is.„
7.000
500
500
7,000
1,000
10.000
1,000
Quiet at
1-64 de-
fteadr.
cline.
EaaT.
Fl>t.
Weak
Fair
business
Prersed
for sale.
doinj;.
5 "8
516J8
Fmtvrte.
Market, {
ia:30rj(.|
Pressed
for Mie.
6
6,000
5">I«
Spee.Aexp.
5\
5"l«
5'6
S-61 de-
Quiet but
steady at
cline.
l-U adT.
at
5i3ie
clioe.
Easy.
X^
Sat.
Opm
d.
Biih Lou.
d.
September..
0«t*J«OT_
I»OT..Dec...
I>ec.-iMi
...
Cloi.
d.
d.
4.
d.
d.
5 52
5 52
5 52
5 48
....
—
....
Optn
mth
X^W.
Ctot.
d.
t.
<L
«.
8S0 690
6fi0 660
JalT-Ami... 668 663
Aac-Sept-. 58T 667
.
550
660
653
667
860
590
563
567
toptember..
8«pt.^ct.
663 663 653
Oct.- NOT... 546 545 545
]fOT..D««...
...
Jan.-Feb....
Fek..llarch.
Mar 'April..
6 81
5 59
5 69
5 48
•
•**
....
....
....
.*..
...
5 48
5 45
6 47
6 46
...
....
Tbara.,
Op» High
d.
8 48
6 4»
5 48
5 45
5 45
5 46
....
d.
5 49
6 49
....
5 47
5 47
June
5 52
5 43
541
5 41
543
5
5
5
5
5
11.
52
43
555
41
41
43
5 51
5 51
543
541
5 43
5 41
5 43
5 41
641
5 43
....
Fri.,
4.
d.
d.
5 48
548
5 48
5 51
5 48
5 51
5 45
6 45
5 49
June
Big).
d.
45
45
1
d.
553
5 40
5 49
5 48 6 43
641
541
6 41
6 41
538 538
5 4R
5 40
5 38
541
641
5,19
5,19
5.S«
5 43
5 43
r,41
5 41
5 40
49
51
i
,..
13.
[Low.
5
5
5
5
5 44
551 5 51
C!()»
d.
6 46
5 45
5 48
5 5-^
5
4fl
9
4,'>
n4.s
5 4^
5,IS
5 40
538
5 38
5 40
....
....
....
....
....
Friday, P. M., June 12, 1885
There has been scarcely a feature to the flour market.
There
bM been
a slow trade at steady prices. The production of
the
great mills at Minneapolis has been recently reduced
one-half
•nd this fact begins to be felt in the smaller offerings
on sale'
but with no urgency of demand it has been
found impossible
to advance prices. To-day trade is dull.
The wheat market has been variable and
unsettled. The
reports of injury to the growing
crop have
•ppacently been supported by the official
report from
nnoflScial
Agriculiural
Bureau;
but the estimate
of a yield
of ten bushels to the acre was
discouraging to the
bull party.
Besides, the weather, since the
gathering of the
»ew. on which the Bureau report
is based, has greatly
improved, and harvesting has
begun in some parts of the
South; consequently there was
yesterday a free selling move-
ment
which caused a
decline.
Wheat on
'."'"'""•
'he export
the spot has been
demand has been
Siv I„H
active,
M
k'"
and millers
have bought steadily, with
spring growths
the lead in the volume of
business. Tc-day the
«^g
lOlis
103%105 •«
107 ^8
10458
106=8
las'*
105-'8
107 5fl
10878
103%
lOfg
106%
IO414
10618
....
....
103%
IO314
lOiiSt
....
108
November delivery
108%
llOls
December delivery
109% 109%
active
early
were
in
the
week,
with
Indian corn futures
prices showing a slight upward tendency, owing mainly to
sympathy with the course of wheat. There was, however, in
corn on the spot, a good business for export and a steady
trade, which threatened a scarcity in the summer months.
Latterly, however, the export demand has fallen off, and yesterday futures declined, with spot corn dull and unsettled.
To-day there was no decided change, except a decline in
Southern white, which is more plenty,
DAILY CLOSraO PRICES OF NO. 2 MIXED CORN.
Sat.
fo».
Tues.
Wed. Thurs.
FH.
53%
33i8
5'i^
Aujfust delivory
.'-4
September delivery
Rye has shown
Sl'g
some
5358
51>4
55
revival
54%
54 J4
54 14
54 19
sas
64%
54%
3514
53 >4
54%
54 14
5379
54>4
6419
54 1«
54 >«
53%
51%
54%
55
of demand and prices are
5418
Oats have been variable and unsettled, and the speculation
become very dull. A slight pressure on June
contracts was felt on Wednesday, but it was not maintained.
Crop prospects improved and caused weakness in the later
deliveries. The advance in mixed on Wednesday was attended
by a decline in white. To-day the market was quiet but firm.
No 2 closed at SSSs'o. for June, 88^40. for July and 34)^0. for
August.
East India Crop Prospects. By cable from Bombay today we have advices which state that the Monsoon burst there
mildly this week.
The following are the closing quotations
in futures has
—
:
.« bW. $2 60® 3
Fine.
300a- 3
Superfine
Spi lug wheat extras. 3 30 a 4
4 00* 5
Minn, clear and stra't.
Winter sbipp'^extraa.
6i» 4
WmterXX & XXX.. 4 25» 5
4 8i» 5
Patents
3 75 » 5
aty Biilpplug ex
3
PLOUB.
50 Bnnth'n com. extras..
70 Soathem bakera' and
00
family brands
00 Bye Hour, superfine..
00
Fine
50 Corn meal85
Western, Ao
00
Brandywine, Ao
$1 003 4 85
009
5
4 00
5 65
4 40
40
3
15a
3
3
159 3 33
409 3 43
3
Kye— Western
....76 ® 78
87 ®1 03
State
.... 79
« 81
92 ® 94
Oats— Mixed
....38
41
02 rt ....
40 a 46
White
90 alOi
rjgia »
No. 2 mixed.. .
40%
92 a 103
No. 2 white.... .... 41 9 42 14
52 » £6
Barley Male54I4* ....
Canada
n 95
West. mix. No. 2.
.... 85
Btjitfi
38 a 63
....65 a 85
West, white
54 ® 57
Western
... 70
West. Yellow
-a
85
61 » 68
White Southern..
Yellow Southern.
58 » i.9
The movement of breadatuffs to markiet is indicated in the
statements below, prepared by us from the figures of the New
first give the receipts at Western
York Produce Exchange.
lake and river ports, arranged so as to present the comparative movement for the week ending June G and since Aug, 1
tor each of the last three years:
Wbeat-
Sprtn(;,per bnsh.
SpiingNo.2
Ked wmter, Mu. 2
Red winter
White
Com— West, mixed
We
....
BREADSTUFPS.
the
.....
.,,
....
Low. Ooi. Open
delivery
5 51
....
552 8 52
6 44 544
648 542
642 642
5 44
d
d.
...
852 552
566 6 56 555 655
....
633
645
648 643 648 643
S4S 64S 643 548
S4S 546 549 645
••.
5 48
646 546
645 5 45 545
...
d.
5 48 5 47
548 5 IS 547
652 5 52 5 51
5 50 556 555
....
561 657 556 556
5 47
....
Wadaa*., JnnelO.
Jose
jaaa^Blr
662 6 52 6 53
657 556 566
...
....
69« 5SV 65U
590 560 550
547 6 47 6 47 547
547 547 647 547
...
Open aigh Low. Oct.
552
590
557
581
5W
BM
...
Clos.
i.
Jao.-r«li....
reb.>Marcta
Mar.-Aprll..
Op«n Bi<h Low,
Tuea., June 9,
555
555
558
5«S
i.
iti 665 665
B99 665 596
JalT-Au(... ftSS 666 668
Ao«.-<ept-. B« 6 Si 5«2
Joa*
Jiwt Tl'T
8«l>t.-Oct...
nan,, June 8.
Jane0.
.\.u>rupt
September delivery
October delivery....
Fri.
102
100 3i
lOlMi
steadier.
Quiet
but
stead 7.
Bteadr.
DAILr CLOSISO PBIOKS Or NO. 2 BED WINTER WHEAT,
Mon. Tues.
Sat.
Wed. Thurs.
102 >«
103
102
In elevator
102?t
loo's \0J\
101% 101
9;)^
June delivery
10216
103
102% 101 18
July delivery
1025i
July delivery
2-64 do-
Bteady.
was depressed, but the report that the resignation of Mr.
Gladstone's Ministry had been accepted revived speculation,
and the close was firmer.
June dellverv
Steady at
XL,
[Vol.
[n elevator
S.OOO
1,000
9,000
1,000
The opening, highest, lowest and closmg prices of futures at
Iffverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
The pruei are given in pence and 6ilAs, thus: 5 62 meani
t eS-Wrf., and 6 03 meant 6 3-64(J.
Dec-Jan
a
;
oSg
Com.
Oati.
Barley.
Rye.
Bbh.imibi Btuh.mib, BiuKOeilbf Buah.32lb- BlMh.4815.. Bush.iHbl
59,811
408590 1,777,007 1,114,367
49,256
22,539
ChloaRO
Milwaukee..
Toledo
Detroit
Cleveland.
Wheat.
rumr.
aaetvtt at—
31,946|
8,259|
1,7«3
..
2,179
St. lionla ....
16.001
Peoria
2,675
Duluth
480,188
58,506
85,834
15,065
148.067
4,200
109,708
35.465
48.444
eo.ivo
2.812
47,281
31,214
8764S
3,845
1,082
627.535
181,360
8.600
288.106
190,485
8,910
1,000
5.5
10,343
8,400
12,000
ia«,672
72,562
115.814
167,864
10,660
1,008
Tot. wk. '85
110,835
1,232.438
2.603,133
Same wk. '84
Same wk. >SS
143,654
983,688
2.522,344
1,815,826
171,903
1,062,993
3,058.523
1,475,605
8,875,421
94.583,552
84.775.533
88,981,815
96.993.504
53,064,066
16,503.702
4,499,890
7,032.018
57.319.700
8 315.341
70.176,718
82,738.22.-)
48,011.841
16,852 351
15,233,270
6,532,977
4,429,899
1.70^,503
54.039
59.803
Smce July 28
1884-5
1888-4
188»-8
The com parative shipment,6 of fiour and grain from t he same
ports from Dec. 22 1884, to June 6, 1885, in elusive, J'or four
years, show as follows:
,
Flonr
Wheat
bbl«.
bush
Corn
Oats
Barley
Rye
Total grain
....
1882-3
4,087,777
3,230,834
2,305,912
13,073,121
45.039,602
19,569,813
4,468,927
1,187,974
9,979,396
34,030,858
13,207,634
2,029.136
1,230,261
84,347,831
83,638,840
60,537,315
1884-3.
1883-4.
5,031,217
4,531,207
17,712.616
44,402,735
20,S13,B63
2,352,37i
906,501
18,0;4,359
39,982,60
20,833,459
86,387,837
2,001, 19 i
1881-2.
The exports from the several seaboard ports for the week
ending June 0, 1885, are shown in the annexed statement:
.
JUNB
O
.
_.
inm*
,
Whiai.
fr^^
flow.
BUMh.
Bush.
300,703
Kow York
BoHton.
THE CHRONICLE.
13, 1885.]
Mxportt
.'.
l,.'»27
71,1110
10.83,^
108.(177
Mniitrt'itl.
Fhll»ll•^l..
135.i:U)
il),7tMI
II4,:<13
Ifl.SH.'i
BftUlinTp
8X,037
la.'),!)!!!)
34,.")^»;^
l.'irt.'.Jl'J
50
N. Oil'iis.
Butk.
20,234
BwiK.
35,«3H
ButK.
3,008
400
108,208
81,700
V!91t
3,075
.
M. New*.
38,940
070,200
191.023
144,246
20,234
1,109,8lu
603,368
143,034
206.121
132.619
3.073
We
add ths
85,608
B'lne time
1884.
The
destination of these exports is aa below.
oorrespond'nfc period of last year for compariaon:
Oom.
WhtttL
flour.
Sstports
for week
to—
1885.
June
6.
June
7.
Un.Klng.
138,914
90,172
Oontln'nt
S.AC.Aiii
W. Indies
266
9..'S20
22,0.^1
25.621
3.460
22.8B4
17.688
3.302
711
3.S8
101.023
143,934
Brlt.rol'8
OtU.o'n'ts
Total..
June
6.
BwK.
Bblt.
Bblt.
1884.
Week.
1885.
Week.
1884.
Wttk,
Wt»lt,
June
390,512
211,554
1884
Week
1885.
Week.
7.
June
June
a.
Bwih
Bunk.
504.749
694,066
652.498
16H.743
117.655
32,440
2.')0
10
602.326 1,193,815
7.
Bunk.
510.713
e«.ri32
It.O.'iS
15,648
864
i>2(j
970,200
602.30S
By adding this week's movement to our previous totals W'
have the following statement of exports this season and last
season:
1884-5.
1888.4.
18R4-9.
Aug. 27 (o Aug. 25
Junf
June
B.
June
7.
to
8.
18844.
18834.
Aug. 27
Jun6
to
Aug. 29
Junn
7.
June
Buth.
Buth.
BUKh.
3.048.39B
21.712.233
21.058.881
28.384.259
21,878,3;i7
S03.M3
888.187
18.045 976
14,328,811
10.932.880
7,1S8,7«4
S.ScC.Am...
West Indlm.
596.786
M8.B3S
48,903
1,223
1,400,830
1,438 ,-»»
<l82,3lil
0(51,124
1.000
BrluCol'nlea
Oth. oonntr's
458,680
M,!II4
457.83B
20,832
218
37,385
8.010
17,687
383,074
71,054
81.181
333.199
129.015
120,623
7,204.400
5,930,590
35,451,877
12.253.187
31,088.397
Toui.
The
The feature of the week was the
public sales of wide sheetings and cotton flannels noted above.
The goods were readily closed out, and while sheetings sold
very low, cotton flannels brought fair average prices. The
for staple cotton goods continued light and irregular,
but prices ruled fairly steady, and some brands of Atlantic
brown sheetings were advanced ^c. per yard. I'rint cloths
were in moderate demand, but prices have receded to 3 l-16c.
for 04x64s and 2°gC. for 56x60s., with considerable transacPrints were very dull in first
tions at these very low figures.
hands, as, in a lesser degree, were ginghams and woven cotton
wash dress goods; but a fair distribution of all these fabrics was
made by the principal jobbers, and lawns were fairly active in
some Quarters.
Domestic Woolen Goods— There was a fair re-order demand
for popular makes of clothing woolens, in which fancy oassimeres, trouserings, worsted suitings and overcoatings participated, but comparatively few out-of-town buyers appeared in
the market, and personal selections were therefore restricted
in volume. The movement in men's-wear woolens (on account
of former transactions) continued large, deliveries to an impor-
Bblt.
23.071
31/,831.4.'5a
Buth.
Flannels and blankets were naturally quiet until the results of
the trade sales became known, when some business was done
by agents on the auction basis. Dress goods adapted to the
present season ruled quiet, but some additional orders for fall
fabrics, as cashmeres, soft wool suitings, &c., were placed with
Hosiery and knit underwear have shown more
first hands.
animation, but buyers are operating less freely in fall goods of
these kinds than in former years.
and in transit by
loUows:
dull
In store at~
New York
Do
afloat (est.)
Oom,
Oats,
bush.
4,516,022
busk.
bush.
88,737
1,489,894
CUoa^o
14,399,200
Newport News...
7,537
Riclimond, Va....
Milwaukee
Duluth
Toledo
Detroit
Oswego
St.
[»ui8
Clnciiinatl
Boston
Toronto
Montreal
Philadelphia
Peoria
Indianapolis
Kansas City
Baltimore ..,
Down Mississippi.
On
rail............
On
On
lake
canal
and water, June
WTieat,
Albany
Buffalo
rail
64,125
2,750,678
4,094.419
979,606
627.129
155.000
1,147,566
57.554
S0.961
226,214
113.389
997.354
9,630
40,900
631,013
1,473,602
279',785
1,729,926
1,274,000
592,o55
244.403
6.000
190,322
1,220,345
2,900
81,825
6,749
9,000
91,308
174,801
184,622
12,000
18,656
295,699
Barley,
bush.
11,'771
3.i48
26,395
was
as
Xye
busk
31.311
21,579
6.500
31,634
19,116
11,192
128,669
447.814
24,682
97,434
25
15.606
18,857
59,710
2,500
102,790
15,041
243,472
16,779
91,000
12,6.'iO
7,6U
514
308
205,870
77,040
21.400
103.642
169.378
212.468
22,400
11.378
42.308
76.640
931.454
172,334
r,il7
13,478
1,000
3,911
1,200
18,000
17,657
9,900
19,700
210,009
308.376
314.998
474,249
118,112
215.678
222.986
880.246
3.=i.064
176.9:12
31,256
909,614
1,157,756
533,000
10,067,797 10,269,541 2,017,617
4,343
726
"546
—
Foreign Dry Goods, The market for imported goods was
and featureless, the demand by jobbers and retailerp
having been almost wholly confined to small lots of specialties
necessary for the renewal of assortments. Staple goods are
generally steady in price, but fancy summer fabrics are in
buyers' favor. The offerings at auction were meagre and
unimportant, and the prices obtained were in most instances
unremunerative to the consignors.
Importations of Dry Goods.
The importations of dry goods at this port for the week
ending June 11, 1885, and since January 1, and the same facts
lO'S'ii
Tot. June 6. '8.5. 37,234.271 6,407,755 2,316,135
Tot.May 30, '85, 36,733,759 5.533,977 2,56.^,590
Tot. June 7. '84. 16.565.639 7.953.5S9 3,492,6.'4
Tot. June 9. "83. 20,582.466 14,617.432 4.323.580
Tot. JunelO, '82.
1885,
6,
were placed
for future delivery.
for ladies' cloths, tricots, sackings, etc.,
supply of grain, comprising the stocss in granary
at the principal points of accumulation at lake and seaboard
visible
ports,
fair orders
^.
7.
S.115,«06
. .
Britain, 886 to Brazil, 206 to U. S. of
were in improved demand, and some
1883-4.
Aug. 27
to
8.
on. Kingdom
Oontlnent
Bblt.
were shipped to Oroat
C>}lombla, 100 to China, fto.
tant aggregate amount having been made by manufacturers'
agents; cloakings and heavy Jersey cloths, also stockinettes,
Hour.
Export! tince
Aug. iS. to-
Goods.—The exporta of cotton goods for
week ending June 9 were 8,018 paokagM, of which 2,170
the
demand
602,326
Total w'k.
725
DoiOESTia CkyrroN
Puu.
OOM.
Bbl*.
444, (DO
.
Klfbiii'd
o
for the corresponding periods are as follows;
5 ^^ s
9,500
11,198
20,333
S
14,698
21,002
2!:?
il IrriFi
3^:
:
:
e
2:
!
•
;
o
tOKJ^tOCO
c;to
Quo
OCl
-I CR ^^ 1^
O
(OOi^rf^
W
!- I- yt 10 10
^ '» OJ
O
J* Ci y *o
Qt cy »»
Ql
01 5>
1,732,.^>03
p-"
tOQD
964.387
oau»-'Qow
OOS
WOi<MC
to-qp>t^c;'
'.D
THE DRY GOODS TRADE.
lO^WtOCOlO
•4
QD *-
Friday, P. M., June 12, 1835.
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There was a large Lnflaz of wholesale buyers from all parts
of the country the past week, most of whom were attracted
market by two important peremptory trade sales of
flannels, &c., which were held on the Oth and 10th inst. The
sales embraced over 20,000 packages of wool flannels of the
most popular brands, and 1,500 cases wide cotton sheetings,
and 1,500 cases Canton flannels were added to the offerings.
The attendance of the trade at both sales was very large, and
the goods were all sold, and widely distributed among jobbers,
large retailers and the shirt trade. The prices obtained for
wool flannels averaged fully 10 per cent below the quotations
at which they had been held by the selling agents, and wide
sheetings sold very low. The results of the sales were, however, fairly satisfactory under the circumstances, and probably
quite as good as expected. Following the auction sales there
was a fair hand-to-mouth demand by jobbers and retailers,
but business was by no means active in either commission,
importing or jobbing circles, the near approach of " stocktaking " having limited purchases to positive wants.
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3
THE CHRONICLK
726
[Vol.
TEXA8 & fl.
MOTICK.-8ALE OF THE
TEXAS, constrtlng
the basis of a prorated mileage of said entire road of
315 S-S miles as hereinafter described.
of 31i3j nillen of road, the rolling stock, franolilM, luid all iw property.
second mortgage lieu executed by the Texas
St. Louis Hallway Comuany In Texas to J. W. Phillips and Abraham Wollf. Trustees, dated June 1.
A. D. 1880, to secure its " land grant and income
JN LOUIS RAILWAY IN
Kntlra
U> hireliv
given that
I, J.
M. McCor-
M»8tt-r In Chauccry, uuder and by
rrtnln order of sale issued out "f tlie
CircMill I'ourt ot tlie United States for Itie Northern Di-irlc't of Texas, direet«il and delivered to
me. win proeeed to sell at publio auction for
c«»h, before the court-hnnse door in the eity of
T>ler, Smith County, Texas, on, to wit, the
fourth day of Augtist. it being the first Tuesday
In Anniel, A. II. inHb, between 1 o'clock A. M.
4 o'clock P. M., all that certain properly
dCMTlbed Id the foUowinK order of sale, and
npon tlie terms and ooDditions named therein.
Dick BperlHl
Tlrtue of a
(
ud
United States Circuit Court
Fifth Cltoult and Northern District of Texas, at
Waco.
The President of the United States of America,
To J. M. McCorniick, Special Master.
Witereat, A llnal decree was made and entered
Chancery, the Central Trust
York, Trustee, Comiilainant,
St. Louis Kailway Company in
Texas, et at.. Defendants, )n the United States
Circuit for the Northern District of Texas at
Waco, on the 23d day of April, A. D. 18h5, orderlDK and ilirecliu>: the clerk of said Court,
npon application of J. M. MeCormiek, Special
luster appointed hi said cause, to Issue an order
of sale of the Texas & St. Ix>ui8 Railway Company in Texas and its property as dcsoribed
said decree ; and
Whereat, The said Special Master has made
his applleatlun for such order of sale, now,
In the caase No.
Oouipany of
vs. Texas &
1
4.
New
m
therefore, in pursuance of said llnal decree. I,
J H. ('inks. Clerk of the Circuit Court of the
United Stales foi the Northern District of Texas,
at Waco, do hereby Issue the following order of
sale in the above entitled cause, to wit: You
are hereby ordered and directed lo seize the
Texas * St. Louis Railway, estimated to be
315S5 miles of completed railroad, with its Eastern terminus at Texarkana, and its Western
terminus at Gatesvllle. Texas, tOKCiher with all
Its property, the (.aid railroad and property now
In poesesslou of 8. W. Fordyce, Receiver, uppointed In the above entitled cause by this
&
A
mortgage bonds" for ?1,000 00 each, bearing six per
cent Interest from date, and not paid unless earned,
and amount issued ^.000 00 per mile of completed
rnadi said bonds decreed to bold a second mortgage
lien upon said '.sea miles of railway and property described In said first mortgage, and amounting to $2,128,000 00 besides interest; the said decree in no
wise alfecting the lien held by said bonds and mortgage upon the lands described tberem.
mortgage lien executed by the Texas &
Louis Kailway t^o in Texas 10 the Central Trust
of New York, Trustee, dated Aug. 1, A. D.
1881, on the entire line of its railway, to secure its
general first mortgage land grant and income bonds
for ^f)0 00 each, bearing six per cent interest from
June 1, 1H81. due and payable only when earned, gl.817,000 00 of said bonds decreed to be outstanding,
of which $1,197,000 00 decreed to be a fourth mortgage lien upon said 266 miles of said railway and its
property, and $620,000 00 of said issue decreed to be
a second mortgage Hen on said 49 3-5 miles of said
railway and its property: but inasmuch as the said
entire $1.817,00() 00 were issued at the same time
under the same Hen of the same series, and without
notice to the purchasers of any difference therein,
the said $1,817,000 00 is decreed to share in the proceeds of 49 .S-5 miles equally upon the basis of mileage as the 49 3-5 miles Is proportion to the 266 miles
of railway and its property as hereinafter described
in the terms of sale.
A second
St.
Company
The terms and conditions of the said sale In foreclosure and satisfaction of the aforesaid Hens in and
upon said 315 3-5 miles of railway and property as
decreed to be sold to the highest bidder, are as follows, to wit:
1st. The sale shall be for cash, and the purchaser
at the sale shall then and there pay over to the
Special Master the sum of $50,000 in cash, and the
remainder of said bid upon confirmation of the sale
and delivery of title, as hereinafter provided.
2d. Upon delivery of title the purchaser shall pay
In cash or debentures and claims ordered to be paid
by this ourt as a prior Hen to the first mortgage
bonds, such sum as may be ascertained by the Master sufficient to pay off and satisfy Hll costs, expenses, disbursements, fees of attorneys and solicitors,
XL,
plainant, at the city of Tyler, Texas, subject to be inspected by all persons desirinnto purchase at said
sale, and the same will be exhibited and read on the
day of said
sale.
The said sale of the aforesaid property Is to satisfy
certain costs, expenses, disbursements, attorneys*
fees, claims ordered to be paid, debentures, other
claims and liens described and mentioned in said final
decree and order of sale; and the amount of cash required to be paid on the bid for said property as provided in the said final decree and order of sale will
be ascertained so far as possible and filed with the
said schedules and inventory of property, subject to
the inspection of purchasers before said sale.
All Information in possession of the Master concerning the property to be sold, and the debts against
the same, will be given upon application.
J. M. MCCORMICK,
DATXAS, Texas. May U. 1885.
Special Master.
Butler, Stillmax & Hubbahd,
Hekndox & Cain.
Solicitors for Complainant.
A. Angier,
E.
Attorney and Counselor at Lair,
ATI.ANXA, GEORGIA.
PRACTICES IN ALL THE COURTS,
Oorporalimi and Commercial Law a Specialty,
Refers to Judges Stephen J. Field and Wm. B.
Woods. tJ. 8. Supreme Court, Washington, D. C.
Fabius M. Clarke,
ATTOKNEY AT 1,AW,
TOPEKA, KAIVSAS.
Commerci^ and
bonds, specialties.
corporation law and municipal
REFERENCES: Hou. D. J. BrewcF, U. 8. Circnlt
Judge; Corbin Banking Co., New York; Eastern
Banking Co and Gen. F. A. Osborn, Boston, and the
Bank or Topeka, Topeka. Kansas.
(Comuicvctal
®ards.
'
Brinckerhoff, Turner
debentures issued or paid out, or that may be
Issued and paid out, and all claims now adjudged or
that may hereafter be adjudged under the orders or
decrees of this Court, to be entitled to be first paid
and satisfied out of the proceeds of sale before the
Mannf aoturers and Dealers In
first mortgage bonds, and if any claim remains unCourt, and e»ercisin>c said trust. And after Kiv- settled and unascertained at the date of the confirmati
-n
sale
and
of
delivery
of
title
to
the purchaser,
Ing at least HO days' notice of the timeand place
and terms of such sale, and the speciHc property which should be snd may afterwards be adjudged to
to be sold, publishiuK such notice in two news- be entitled to be first paid out of the proceeds of sale
before the said first mortgage bonds, and the cash
And aU kinds of
papers In the eity of Tyler. Texas, and in one paid in shall not be sufficient to pay off the same, the
newspaper In the city of
York, von will said claim or claims shall be and are hereby decreed COTTON CANVAS, FBLTING
DUCK,
wooeed to ell at public auction In the city of to be a first and prior lien on said railway In the
COVBRING, BAGGINQ,
DUCK, SAIL
l^ler. Texas, all and slni;ular the lauds, tene- hands of the purchaser, and may be so enforced by
TWINES, 4C., "ONTARIO" SEAMLESS
ments and hereditaments of the said railway the f unher order of this Court.
3d. After fully paying off said claims entitled to be
corporallon, lucludlug all lis railroads, tracks,
BAGS,
STRIPES,
first paid out of the proceeds of sale in cash before
right of way, main lines, branch lines, extenthe first mortgage bonds, the remainder of said bid
Also, Agents
sions, sidings, superstructures, depots, depot may be paid In first mortgage
bonds hereinafter ascerstation houses, engine houses, car tained to be a first lien on said railway and property,
CO.
frounds,
ouses, freight houses, wood houses, sheds, and whereas 12.128,000 of first mortgage bonds were
waterlnK places, workshops, machine shops, Issued upon and hold a first lien on 2H6 miles of said A full sapply, aU Widths and Colors, always in stook
bridgwi, viaducts, culveru, fences and fixtures, railway and property, and ^820,000 of the general
No.
Street.
first mortgage bonds were Issued upon and notd a
with all its leases, leased or hired lauds, leased first
Hen on 4« 3-5
of said railway, and $1,197,or hired railroads, and all its locomotives, ten- 000 of said generalmiles
first mortgage bonds were issued
ders, cars, carriages, coaches, trucks and other under the same deed of trust and upon the whole
rolling stock. Its machinery, tuols, weighing line and entitled to sbare in the proceeds of sale on
¥ork, Boston, Fbiladelphia,
49
3-B
miles of said road equally with the others,
scales, turn-tables, rails, wood, coal, oil, fuel
equipiucnt, furniture and material of every making $1,817,000 of said bonds equally entitled to
SELLING
share
the
proceeds
of
sale
4»
8-5
of
miles
holding
a
name, nature and description, together wlti. all first
Hen
subject to the prior payments herethe oorp<irate rights, privileges, iiumuuitles a d inbefore thereon,
provided.
It Is therefore ordered
and
franchises of said railway eorporailon. iuclui.
directed that the remainder of said cash bid.
Ing the franchise to be a corporation, and all the after the aforesaid payments entitled to be
PRINTS, DENIMS, TICKS, DUCKS, Ao.
first paid, be divided into two
tolls, farcf. frclghu, rents, incomes, issues
parcels in the
and iroportlon and
on the basis of the mileage of Towels, ttnllts,
protlls thereof, and all the reverslou and
reveric Hoslerj
S.^Jorpad sold, the total line of road sold being
sions, reniaiiidcr and remainders thereof
ex- 31."^ 3
miles, and said liens of said first mortgage
DrilU, Sheetings. <tc.. for Export Tratle.
cepting, however, and reserviiig from the lien blinds,
10 wit: the first mortgage bonds being on 268
of said mortgage under which this sale is
made, miles and the general first mortgage bonds being upon
all laiiil grants, land oertiflcates and
lands re- 49 »-s miles, the remainder of said bid shall be dlceived by said corporation, as well as all lands
266/315 3-5 of said amount $
ri''H'"l5'i"r? }g, 1"^, "J'
3-5 of said amount $
acquired by donation which are not actually and 49 3-5/315
the
, and
oooDpled and In use by it, or neeessarv 10 the purchaser may pay said sums In said bonds respecoperalJon ami mainienance of its lines of road
fJJ, of
J'k""',''"''!^''/.''™''"'"' may be paid In said $2,128,0011
bonds and interest pro rata accordingly as the
ST.
IJe sa^d entire 31535 miles of railway, together percentage may be, and the smaller amount may be
t'.>llmg 'toek and property as
here- LV , .. " '""'" manner by the $1,817,000 and Inter- Manufacturers' Agents for the sale of Jute Bagging
!!?K?.'iL r"^
"hefore
described, to be sild as au entirety
'"^.",.'"'''' """St mortgage bonds pro
rata acrae sole of said railway and property is made ^„;rt,„
^f . if ,^. J' ^^'' percentage may be. and If any part
forerlosure and satistactlun of the foUowinir nLml„? i ''"^™'','"5 ""P"'*' after the application of
hereinbefore
provided, the same shall be
ItonB^thereoD, as described In said final
decree. K«frt^Si'
'"'^^''' '" <"«'''• •« >"' hereafter
Sh.trltafL ?„.l'"'
apportioned according to the equlM», .. «.5?Kt?'i
""•
determined
by this decree.
5?!, 't!','*?"''1^<'
"!'!.':'''=" 'hat the said Special .Mas. * •"' moHitage Hen executed to Henrr Whelen
ti.ri«.,Vh,f,'!"H'"'
and directed, in the event that the
sSfp
^"^H*"
ISBO. n 'jm nillea „f mI(1 railway,
I.ANE,
and all Its Dronertv S,o,i^nS",ffl^, ", ""= ""i" "P"* P'''<=e "hall for any
fr..m 'leiarkana l.„ Waco, to
secure «»(fi!oS),,f K« l,^ ,i,oyI^"'°°t'^''"'» *»" 'o be made on the day
YORK.
,"},'
""IFJ* ssleshall then and there be postn,^n„„
^''"'t«"', or some person des- -* *ith Interest at s ner ccn.
^.
Pgnatcfl hv hi^" *.??"='?'
laaiMr
«r.rwiumlrom Ihelwaeand
dellve^ of
"." postponed In his name and
(FOR BALING COTTON.)
bonds, thcivainc
tl
decreed to be a first lenuoon am bv h?, aiH^hSiffi'',^
""J'' "O"- exceeding thirty
davs ther^af Br SnH "'"'".?
Agents for the following brands of Jnte Bagglna,
nnffishBd In .."^•i""'! **'" postponement shall hi •' Kagle Mllls,""Brooklyn Clty,""Ueorgla,""Carollnar'
• flrsti
« morlgaife lien executed bi salu Texaji
"""
newspaper
In
*
«i'
the
city
"3?'
of
Loolsl
'i'vlcr during .^M
"Nevlns,0, ""Union Star." "Salem.'' "Horlcon Mills,"
..*„*f*i'.''_»V\'".T«"« 10 the Centra Tr"t com; AS Jnlr J'?''"' "^'O"™'"™'' of Sale, In addition to
" Jersey Mills " and " Dover Mills."
"" \mTnfnJ^lS',i'lu? *'™.".?' 'he time and place of adtsatlre ralloay of 315 ."-5 nillH» »i,',l LiV
IMPORTERS OF IRON TIES.
">e
sale shall be made on the
dav tn w^,^?1, i, '^'"'h*""
asherelnbelore
directed,
Ind af IrthVL'V^""''""*"
ESTABLISHED 1S5S.
^^^^''''..P"?™"'"' of the purchasemoney
as d^rcrtPrt
"'
"> 'he Court, and confirmation 1h„r„'nf "Vl"
!'!'n
all
&
Co.,
COTTON SAILDUCK
New
CAB
RAVENS
"AWNING
ONITED STATES BUNTING
10» Pnane
Bliss,
Fabyan &
Co.,
New
m
AGENTS FOR LEADING BRANDS
BROWN & BliEACHED SHIRTINGS
AND SHEETINGS,
Wbite Goods
BAGGING.
I^ARREIV, JOBTES
& GRATZ
LOUIS, Mo.
,
IMPOBTMRS OF
m
IRON COTTOSr TIE§.
Bullard
Uli«
I,
Oain
Wheeler,
NEW
d
S
-
&
119 ISAIDEN
.
BAGCrarO A]VD IRON TIES,
f
,,
iiL%.^L«R {IK'S?
.'"•«'' mile of oompletJd'roair
a good and •«,fm''i'"".'',*^P,™"" Master will make
Sronertv so «,Vw .'„"'.k'"''' 'I '"e simple of the
PPi-chaser or purchasers.
which tRle shin h2
he i*""
fieeof all encumbrances and
.
«h,,li ho . L,
Iqui yof'rSdemm'nn'""'''' "'! flalms or equities or
said nrnnpHv .T,*^ 1.,° i!^ ""^ '^'"''P whatsoever to the
""* railway corporation
th
.^rfi" ^I
,urch±iT ?,?,'"*", "•."Pi the said purchaser
w dSn^
tnr, »«t iBMiauS^M
o^?.™« -""'7''' ""d
iSoSt »S5SrSr.'S:".l.T«"
""'a
ana de-
!
-
*t^lMi.maaS!SIS!SV
w
bonds should hn
^
•?"• """tied to the ^iS^
Successor to
STATIONER AND PRINTER,
BnppUes Banks, Bankers, Stock Brokers and Cor*
poratfone with complete outUts of Account Booki
and Stationery.
New concerns or^aniilnK wlU have their or.
ders promptly executed.
^~
No.
prop-
bonds
'he/ In
in fact
?""-, thoy
»«H0» "i» ™Ml»rS«:i?5Jr.SiK,
ajudgedanddecreed
Eugrene SEARS
R. Cole,
& COLK,
this
1
ith rt«v
C'rcuit
,
r i?"
el^h'/v ^"
hundred inl
denee the"o»th''year
Court thereof, at
Waco
"'^ ''?'";'" <»"• '^«''^ eighteen
American Indepen"^ '"^ °'
1
WILLIAIH STREET,
(HANOVER 8QUABE.1
Chronicle
Numbers
^VANTED.
967, 970, 981 and Der.embor,! 1884.
Supplemeut.
en Cents for each of the above paid at the
Offlos
,
1
%nsuv9ucz.
Ittsnvattoe.
The United
OFFICE OF THE
ATLANTIC
llf
IIKOSNAN.
T. H.
C. P.
The Trustees, In conformity to the Charter of
the Company, subntlt the following Statement
of Its atlulrs on the 3 Ist December, 1884:
Fremlimis on Marine Risks from
1st January, 1884, to Slst December, 1884
$3,958,039 44
Premiums on Policies not marked
offlst January, 1884
1,447,756 70
Premiums
Premiums marked
$5,405,796 14
from Ist
January, 1884, to Slst December, 1884
$4,066,271 04
ofT
Premiums
ai^d
The Company has the following
United States and State of New
York Stock, City, Bank and
ABsets, viz.:
Parm'ts to Policy-holders
for Death Claims, Knclowments, Annuities, Surron-
Insurance Written.
by Stocks and
2,005,100 00
In
Bank
Dec. 81.
Interest
EQUITABLE
ASSURANCE SOCIETY,
THE OUTSTANDING CERTIFICATES
of
The certlllcates to be produced
payment and canceled.
A DIVIDEND OF FORTY PER CENT
Income
January
|58,161,925
10,483,617
16,003,480
1885
1,
in 1884
last 25 years
81,072,486
THE SOCIETY
ISSUES
THE
INSURANCE
R. A.
CO.
OF
NEW
McCURDY,
ORGANIZED APRIL
W. H. H. Moore
James Low,
David Lane,
Gordon W. Bumham,
Bobt. B. Mlntnm,
Charles H. Marshall,
William Bryce,
A. A. Raven,
Wm.
Sturgis,
Bet^Jamin H. Field,
Joslah O. Low,
Horace Gray,
William E. Dodge,
WlUlam H. Macy.
e. A. Hand,
Charles D. Leverioh,
B. Coddlngton,
Horace K. Thurber,
WUllam Degroot,
John L. Rlker,
N. Denton Smith,
Thomas
John D. Hewlett,
William H. Webb,
George Bliss,
Henry E. Hawley,
WlUlam D. Morgan,
Charles P. Bordett,
Isaac Bell.
JOHN D. JONES, President,
CHARLES DENNIS, yioe-Presldent
W. H. H. MOORE, 2d
A.
Vice-President.
. RAYSM. 84 yioe-Preddeat.
Ootton Brokers
Price.
&
Co.,
Commission Merchants
&,
NORFOLK, VA.
Liberal advances made on Oitton conslfrnmenU
Special attention ^Iven to tbe nale of cotton to
urlve or In trunslt for both forclffo and domestlo
utfketa. Corr e apond enc e noHclt-ed.
&
Farrar
132
Jones,
PEARI. STREET,
NEW YORK.
Liberal advances made on Cotton conslKnmenta
Special attention Ktven to orders for contract* for
future delivery of Cotton.
ECRE, FARRAR &
CO.,
NOKFOLK. VA.
141
PEARIi
ST.,
NEDT YORK.
COTTOIV.
Advances made on Consljmments of Cotton. Contracte for Future Delivery of Cotton boancbt and
B^ld on commtaglon.
Alexander
&
Cargill,
COTTON BROKERS,
AIJOIJSTA,
14, 1842.
-
-
$103,876,178 51
TO ORDER
GEORGIA.
for
COTTON
SPINNERS and EXPORTERS.
Correspondence Soliciteo.
is
John Elliott,
James G. De Forest,
A
Entire attention f^ven to purchase of
Assets,
IB. tlSTEESl
NEW YORK.
FiRauB Rno.
Reid
Price,
YORK.
President.
Refbrknces.— National Bank of Aus^sta, Oa
Henry Ilenti A Co.. Commission Merchants. New
York; William B. Dana & Co.. Proprietors COMMEB^
CIAL A Financial Chronicle, and.other New York
MtKm&\iip&,
Houses.
ONLY
Direct Line to
Geo. Copeland
France.
GENERAL TRaWaTLANTIC CO.
Between NE^V YORK and HAVRE.
Edmtmd W. Corlle«,
Adolphe Lemoyne.
Late of Sure, Farrar
LIFE
I8SV£S EVERY DESCRIPTION OF
LIFEd: END WMENT POLICIES
Rates Lower than other Companies.
at
Secretary.
D. Jones,
Charles Dennis,
16 and 18 Excbanse Place,
Post BciLniNO,
Theo. h. Prick,
Henry M. Taber&.Co.,
MUTUAL
the Board,
J.
COMMISSION MERCHANTS,
Paid to Policyholders during
declared on the net earned premlume of the
Company, for the year ending Slst December,
1884, for which certifloates will be issued on
nd after Tuesday, the Fifth of May next.
H. OHAPMAN,
COTTON FACTORS
BROADWAY, NEW YORK.
261,544 65
By order of
.
PROMPT PAYMENT OF CLAIMS.
the Issue of 1880 will be redeemed and paid to
the holders thereof, or tbelr legal representatives, OH and after Tuesday, the Third of February next, from which date all interest thereon
J,
,
1,454,959 73
outstanding certifloates of profits will be paid to the holder* thereof, or their legal representatives, on
and after Tuesday, the Third of February next.
will cease.
8M NONK
120
& Gwynn,
Fielding
'K4.
Decem-
and unpaid on Total Assets,
INDISPUTABLE ASSURANCES
BtX PER CENT INTEREST on the
the time of
due
Doc. 31,
'82.
440,000 00
$12,938,289 38
COHHEHI'UNDMim
Messrs. Smith, Edwards A Co., Cotton Broken
Liverpool.
Messrs. Samuel H. Back A Co., New Orleans.
»17,167,106 00 $19,789,804 OO
AND MAKES
ceivable
Amount
.
.
tflltfl.UO 13
(478,923 08
iSll i 1882. 188!l i inm.
.»5,e64,«II 00 t«.l 1 1,4«8 OO
Surplus at 4 per cent
otherwise
Real Estate and Claims due the
Company, estimated at
Premium Notes and Bills Re-
Cash
.
Insurance In force
Assets,
$8,776,685 00
other Stocks
[ioans secured
at
1884.
1888.
New
and
AND
CiiKAIlV
PBOVISIO.\8
the NEW YORK PRODUCB KXCUANUB ud
the CUICAMO HOARD Or TBADB.
COHPAHI8U.N or BUHINISS.
deraaod Dlrldends
Alio ordOTi for
COFFEE
NKW YORK OOmR XCHANOR,
at the
aooD
$787,789 40
penses
belonn to the pollor-bolden ez-
proflts
All Policies henceforth Isined are Inoontettable
for Hnjr citiise after three years.
Denth ciHlmB ptild Ht onceu won a« Batlsf&ctorj
proofs Hro received at the Home Office.
Absolute necnrltT. combined with the larKSSt llberalltr, Bfl.HurcM the popnIjirltT and saooeM of this Co.
All fomi of 'routine IVilidea Iflflued.
AOKNTS, dcilrlng to represent the Company, are Inrlted to uddrena J. 8. OAKKNBY.
Superintendent of AfiencloH. at Home Office.
L.IFE
Ex-
LXAHS COTTON KXCUANOKS.
olualTeljr.
Losses paid during the same
period
$2,109,919 20
of
COTT OM
ttheNBWrORK, UVKRPOOI. AND NItW OB.
OlO. H. BCRTOBD, Aotnarj.
ber 31,
Betoms
8 llonth IVIIIIam at., New York.
BXBCUTB OUDKim KOH rUTUHIt DKLIVIBT
Prasl4«Bt.
WHmLWRioHT. Au't B«o.
FKAI.IIOH, Sec'jr. A.
All the
NEW YORK, January 24, 1888.
York.
Co.,
COMMISSION MERCHANTS.
ISIM.)
& 20S Broadwar, New
&
Henry Hentz
States Life
(OROANl/KD IN
Mutual Insurance Co.,
00ttO1I.
Insurance Co.
THE CITY OV NEW YOBK,
261, 262
Total Marine
A
THE CHRONJCLE!
JuNfi 18. 1886.1
134
NOK.MANI)lE. KranKeuI
Wed.. July «, 2 1'. .M.
Pkick op I'assaoe (Including wine):— To Havre—
First cabin. $100 and ««) second cabin, »<10 steeraKe, ta2— Includinif wine, beddlnx and utensils. Return tickets at very reduced rates. Checks on Banque
Transatlantlque, Havre and l*aris,ln amounts to suit.
;
Special Train trota
;
Havre
I.OIIIS
PEARL STREET, NEW TORK.
58
COTTO]y BROKERS,
BEAVER STREET. NB\y YORK.
DE BEBIAN,
Agent,
No. 6 BoivIlnK «reen.
Hoftmann,
F.
COTTON BROKER AND AGENT
88 RCE DE LA BOCRSE, HAVRE.
JOHN H. CEISBY Ac CO.,
to Paris.
The Compagnle Generate Transatlantlque delivers
at Its office In New York special train tickets from
Havre to Paris. BitKKiMie checked throuiih to Paris
without examination at Havre, provided pa.ssonKer8
have the same delivered at the Company's dock In
New York, Pier 42 North Itlver. foot of .Morton St..
at least two hours before the departure of a steamer.
Co.,
WALTER &KROHN,
From
Pier (new) 42, North River, foot of Morton St
Travelers by this line avoid both transit by KnKllsh
railway and the discomforts of crossing the Channel
In a small boat.
AMKKiyUK. Santelll
Wed.. June X7, 9 A. M.
ST. SI.VIO.N-, Durand
Wed., June !i4. 3 r. M.
OI.I.NDK. Uodrlaiioz
Wed.. July 1.7A.M.
&
COTTON BROKERS,
COTTON BUYEB8,
imONTGOmERY, ALA.
PPBCHAHE ONLT ON OBDERg FOB A ComnSSIO
James F. Wenman & Co.
COTTON BROKERS,
No. 113
PEA PL STREET,
Established rin Tontine Bnlldlna)
Warbkn Kwen,
Jb.
N. Y.
1f)4fl.
John M. Kwm.
JOSEPH CI LLOTtS
Ewen Brothers,
COTTON BROKERS*
STEEL PENS
WO
Sold Br ALL DEALER STMRouodoin-lHt
R LD
^COt-D^lygPAL PARIS EXPOSITION- ia7a.
No*. 81
del
33 Broadastreet*
nbwctork
THE CHRONICLE!
flii
&
Walter T. Hatch.
NatK'l W. T. Batch.
Stillman,
INMAN, S W ANN& Co
NEW TOBK.
LOANS MADB ON ACCKPTABI^K SKCnRITIKS.
Co** A-dtanett Made on 0<m*ignmenl$.
A.
(
4
4
Nevr York.
WANTS
Phenix Insurance Co.
OF BROOKLYN,
von Gundell & Mayhoff,
COTTON BROKERS,
No*. 2
STONE STREET, NEW YORK.
HATHOFF
OK GV%DELl7~<fc
COTTON BUYERS,
HSnPHIS, TENN.
Gwathmey
&
PEARL
Oidan
ST.,
statement of
NEW YORK, NEW ORL<EANS,
(or tntura dellTerr of
Bloss,
tt9w York and Liverpool
Tlatona In
New
;
also for Qraln
&
Schroeder
& Co.,
New York.
Orden for Futnre Contracta executed
•Dd LlTerpool.
In
New Tork
Co.,
LkHHAN, Steen &
New Orleans,
LBHMAN, DtlRR 4
Co.,
Charles
D. Miller.
Hopkins, Dwight
LEHMAN
Cotton
Co.,
COTTON
COMMISSION MERCHANTS,
COTTON EXCHANGE,
NEW YORK.
New York.
:
A Co.
WM. MOHR.
gaas
Mohr,
NEW VORK.
Co.,
ORDERS FOR FUTURE CONTRACTS.
Waldron
•« ""o execution of or-
oonnliminents.
&
WASHRCRN,
H.
25 WILLIAM STREET,
YORK.
Orders in " Futures" executed at
N. Y. Cotton Eich.
'
North
DIAMOND HAMS.
for
S.
Co."*
OOTTON BROKERS,
New York.
"1
New
fiS
York.
Asent.
British
Mercantile Ins.
Co.
OP
LONDON AND EDINBURGH.
U. S. Branch Statement Jan.
Invested and Cash Fire Assets
1,
1886.
13,301,747 61
LIABILITIES:
Reserve for Unearned Premiums.
Reserve for Unpaid Losses
Other Liabilities
. . .
Net Surplus
»l,163,0e» SB
179,379 B7
44,748 48
.1,924,583
MT
{3,301,747 61
Losses paid In D.
S. In 18 years .813,'.210,33'2 00
Branch Office, 5* Willlam St., N. Y.
CHAS. E. WHITE, SAX. P. BLAGDKN,
U.
.
8.
Managers.
JAS. F.
DUDLEY,
Supt. of Agencies.
Lyommercial
DAVIS, JR., CINCINNATI.
LJnion Ins. Ga
iOr ZONDON.}
ALFRED
FORTY-FOURTH YEAR.
1»» Peart 8t^ee^
8»<"C«'"«»
$2,964,490
St.,
NEW
Merchants
*«•'»«•. New York.
i^f!!"*'
conslgmnenta.
^SSrJSSSSSrKl^'tS''n^J^?
'"' «»""»««
«'iS5,'""
2,019,026 85
4,000,000 00
ALEXANDER,
JAS. A.
&
$9,013,517 40
ARL STREET.
FELLOWES,"j()HNSON & TILESTON,
COTTON, STOCKS, BONDS, &c.,
& Wakefield,
COTTON
.^„
Ana General Commission
Tuttle
Secretary.
Company
NET SURPLUS
Tainter,
COTTON niERCHANTS,
PE
97
&
LIVERPOOL,
SS^ilti?,?,""*"'?*"" <" Cotton and other Prodnoe
»' 'he Exchanges In LlveriSS
ffi,™f
°?'?.°'S*^
'"'^'
Represented
in New York at the oSBro of
SAM'L D. BABCOCK,
32 Nassau Street, New York.
MERCUANTS
"
Orleans, La.
$7,395,090 98
Assets January 1, 1885
LlabUltlea for unpaid losses
and re-lnsuranoe fund
Capital
GRAVIER ST.,
New
York.
IT Water Street,
OOTTON EXCHANGE,
KBW YORK,
AWD NORFOLK, VA.
Dennis Perkins
186
COMMISSION MERCHANTS,
rutura Contracts.
uSSjcSS^Tot SJ2n.
ST.,
B.F.BABCOCK&CO.
attrntlonslventottae porchaie and aaleot
»^«». '''"'w »OT»nc«« made on
1886
OF HARTFORD.
Hanemann& Co.,
PEARL
New
OF
^STiSffSflliili""™ "l^*"
1,
OTARTIN, President.
Insurance
H. W. HANEMANN.
Special Attentiom Gitbn to the Execution
Cotton Commission Mercliantg,
&
J.
-(ETNA
CHURCH STREET,
OFriCB, No. 204
Orders eTecuted at the Cotton Exchanges In New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our correspondents in Liverpool
Messrs. L. Rosenheim 4
Bona and A stern * Co.; in London, Messrs. B. New-
Robert Tannahill & Co.,
Rountree
J.
Factors
AND
laS
CO]lini!»«ilON
CHAS.
No. 2 Cortlandt
OBDKBI fob FCTtTBl CONTRACTS EXKCUTKD DJ
NkW TOBK AND LIVBBPOOU
Oonon Exchanse,
Cash Assets, Jan.
BRO'S,
EXCHANGE PLACE,
USUBESS OF THE OOTTON, COFFEE AND
PRODVOE EXCHANGES.
00
Reserve for Unearned Premiums
2,847.5fl5 00
Reserve for Unpaid Losses and Claimg.
4 '8,798 61
Net Surplus
1,141,728 fcl
COmMISSION MERCHANTS,
UP-TOWN
& Co.,
OF NEW^ YORK.
Montgomery, Ala.
La.
No. 40
SCRATcs C Hopkins. Lucius Hopkins Smith.
Company
Insurance
OFFICE 119 BROADWAY.
CASH CAPITAL
13,000.000
Bnilding,
NEW TORK.
Cotton Comniiggion Mercliauts,
No. 19 SOUTH WILLIAnt STKEET,
8ELMA, ALA.; MONTGOMERY, ALA.
Bn7er» of Cotton for a Commission.
HOME
WARE 4 SCHROEDER.
COTTON COMMISSION MERCHANTS,
Cotton Excliange
430 85
CROW^ELI., President.
CROWBLL, Vice-President.
PHILANDER SHAW, Secretary.
WM. CHARTERS, Assistant Secretary.
FRANCIS P. BURKE. Sec'y Local Dep't.
Successors to
Tork.
John C. Graham
287.827 87
(AO.Wl 18
R.
Paid-Up Capital, R. M. 6,000,000.
G.
and Pro-
WM.
97
2,3tK),96S
S'1.342
STEPHEN
H. 20,000,000.
Autborizecl Capital, R.
Cotton exeonted In
Reserve for unearned premiums
Reserve for unpaid losses
Netsurplus
AGENT FOR
COTTON COMPANY OF STUTTGART.
NEW YORK.
195 Broadway, New York City.
Company 1»< Day of Jan., 188.5.
CASH CAPITAL
H.OOO.OOO 00
Office,
G. E. Staenglen,
COMMISSION MERCHANTS,
Ho. 128
Sons,
BANKERS,
14 NASSAU STREET, NEW YORK.
Personal attention given at the BXCHANQB8 to
the purchase and sale of STOCKS and BONDS for
cash or on margin.
DKP08ITS RKCKIVBD—snbjeot to Check at ilsht
—with Interest npon balances.
Special attention paid to INVESTMENTS and
accounts of COUNTRY BANKERS.
CHABUM MATHOW.
C TON OUNDEIX.
P. Hatch.
^^
BBANOH OFnCKS I A2«
.*»« Pu^I^^Sy^V^
Chapel St., New ?S
Haven
COTTON MERCHANTS,
TBOIAL ATTEiTIOW TO ORBKBS FOB C0NTEA0T8
FOB rOTPB* DIUTIKT Of COTTOH.
OOTTON, ALL ORADKS, SUITABLB TO
OF SPINNKBS,
OrrZBKD OV TBBMfl TO SCTIT.
Henry
Arthur M. Hatch.
W. T. Hatch &
MERCHANTS,
Poet Building, 16 & 1 8 Exchangre Place
18, 1886.
W^isctllnnzous.
e^'Ottoiu,
Rattan,
Woodward
[JtmE
mtnre. promptl,
PELL,
Residant llanagtr.
2si^sTn4iH.''jsF'.i^'¥^-^^^^^^^
^' Provision Dealers
inJ^Qrowni
and Lead-
Cor, Pine
& Wtdiam Sts
@FedFRASER