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AND
MERCHANTS’
HUNT’S
§,
YOL.
w 0 pa p e *,
INDUSTRIAL AND COMMERCIAL
REPRESENTING THE
the Bureau of
CONTENT8.
THE CHRONICLE.
717 | Cotton Acreage,
The Financial Situation
Stand
.
720
722
ing
Holland and Germany
Commercial and Miscellaneous
News
THE BANKERS’ GAZETTE.
Quotations of Stocks and Bonds
Money Market, Foreign Ex¬
change, U.S. Securities, State
Bonds
New York Local
I
740
Cotton
1883-84.
May.
Entered at the Poet Office, New York, N.
Y.,
aa
published in
second-class mail matter.]
TERMS OF SUBSCRIPTION—PAYABLE IN
furnished without
extra
ADVANCE:
$L0 20
11 Months.
7,745,191 100,241,075
5,630,781 139,527,012
7,220,049 112,235,427
$
Values.
*
Wh’t & Hour
8,355,194'113,341,530
Corn & meal.
2,820,423 20,353,504
3,870,993
477,070
4,208,701
443,495
24,000,029
1,386,339
1,035,093
11 031
344,37(5
31,220
140,875
275,145
Rye
*
*
8,87(3,850 137,045,054
1,123,302 28,851,915
853,214
96,135
Oats & Oat¬
181,523
07,229
Total
Pro¬
visions
«nd
Brj-t< stuffs..
ordered to he stopped.
by
18
$
$
0,931,501 101,056,507
£1 8s.
once
11 Monrhs.
Tot. in bush.
Provisions..
£2 7s.
May.
5,290,836 88,422,391
5,291,780
427,514
Total value..
iu two
charge to subscribers of the
Subscriptions will he continued until definitely
May.
2,972,397 101,397,258
8,472,889
592,080
Barley
6 10
The publishers cannot be responsible for remittances unless made
Drafts or Post-Ollice Money Orders.
A neat file cover is furnished at 50 cents; postage on the same is
cents. Volumes bound for subscribers at $1 00.
Months.
1881 -82.
1882-83.
4,743,520 04,259,882
7,995,954
6(35,92 7
.bu.
meal*
For One Year (including postage)
For Six Months
do
Annual subscription iu London (including postage)
Sixmos.
do
do
do
These prices include the Investors’ Supplement, issued
11
-
FOR ELEVEN MONTHS.
Flour. ..bbls.
Wheat.
The Commercial and Financial Chronicle is
New York every Saturday morning.
though of course
Quantities.
Dry Goods
^Ixe dxrarticle.
Statistics this week, and
EXTORTS OF BREADSTUFFS FOR MAY AND
Securities
Railroad Earnings and Bank
Returns..
Investments, and state. City
and
732
Range in Prices at the N. Y.
and Corporation Finances...
Stock Exchange
733
THE COMMERCIAL TIMES.
Commercial Epitome
740 1 Breadstuff's...
months, and
Chronicle.
NO. 991!
they are not the Basis of the present supply of bills, they
are strongly indicative of the turn in
our trade which has
been effected.
AVe have prepared in a convenient form
the following summary of these reports for three years, show¬
ing the totals for May and for the eleven months to June 1.
and
Condition, 1884
Monetary
and Commercial
English News
Receivers’ Certificates
720
Erie’s Earnings anti Financier¬
Railroad
Stocks
INTERESTS OP THE UNITED STATES.
SATURDAY, JUNE 21, 1884.
38.
and
MAGAZINE,
*
10,697
3,381
239,635
140,834
11,902,044 144,932,102
7,554,239 90,190,837
11,08(3,551 191,425,555
0,473,489 91,080,274
10,110,925 107,730,052
6,155,015 105,123,2 <0
19,450,283, 241 141,999
18,100,040 283,105 829
10,265.940 272,853,948
Oatmeal not stated
previous to July 1, 1883.
It will be noticed that in both
breadstuffs and provis¬
May figures this year are larger than either in 1883
1882, and that together they are about $1,300,000 more
The office of the Commercial and Financial Chronicle in London
Is with Messrs. Edwards & smith, 1 Drapers’ Gardens, E. C.. where
than in 1883, and $3,200,000 more than in 1882.
That is
subscriptions and advertisements will be taken at the regular rates,
Offices in
England.
and single copies of the paper supplied at Is. each.
The oilice of the Chronicle in Liverpool is
Buildings.
or
at B 15, Exchange
muuii&iii o. JiAii A ol,
■ uuiiniici r
> WILI.JAM.B,:
DANA
Publisher*,
79 & 81 wiiiiam Street, NEW YOltK.
)
WILLIAM B. Dana,
D1« r
JOHN G. FLOV
•
Post Office Box 958.
>
ions the
House
a very satisfactory exhibit, and the Custom
for New York during later weeks have shown
certainly
returns
a
similar condition still
continues.
that
If, therefore, the im¬
figures, when made up for June, indicate a falling off
foreign purchases, a good start towards the improve¬
THE FINANCIAL
SITUATION.
ment
of
our foreign trade will have been inaugurated. AVe
All the conditions outside of AVall Street, and the securi¬
ties dealt in there, have become more favorable the past have of late been buying too much and selling too little,
week.
It could not be anticipated that general business and nations, like individuals, find such a process an ex¬
haustive one.
AVith that feature changed, and with the
should show any special signs of
port
in
improvement as yet.
This, is always the dullest season of the year, more adapted
to prolonging the lull after the storm than furnishing
agencies for a speedy recovery. Still, all crops (except
such as the frost has again injured in New England and
this State) are developing very satisfactorily, seldom more
so; even cotton in the Southwest has made a decided advance recently.
Should the harvests therefore fulfil present
anticipations, the motive power which drives all our in¬
dustries will, before fall comes, be again in operation.
But the feature affording just now the greater promise,
because
more
immediate
m
its remedial effect, is the down¬
tendency of the foreign exchange market, so far as
bv our increasing exports.
Brices of our
products have been forced, as one of the results of the
panic, to conform to the conditions of foreign markets, and
again they are going out and exchange feels it. The figures
ward
It is influenced
of breadstuffs and
provisions for May have been issue I by
our
present promise respecting our crops realized, we may
safely anticipate an improving condition of all our indus¬
tries in the fall.
Another event which lias
contributed to the downward
this week was the reduc¬
Thursday, of the mini¬
discount
2
rate of
to
percent. A still further influ¬
ence, and obviously, under the changed condition of our
foreign trade, tin; more immediate cause of the decline which
occurred on Thursday and Friday, was the offerings of bank¬
ers1 bills drawn by the Bank of Montreal against the Do¬
minion loan of ih”),000,000 negotiated in London, AVednesday. AVe have not seen any statement issued by the Can¬
adian Government indicating the exact purposes for which
this money has been obtained, and where it will be paid
The last Finance Report shows that on the 1st of
out.
January, 1835, there falls due at London of the consolU
tendency of the exchange market
tion by the Bank of England, 6n
mum
THE
718
dated Canadian Loan less
CHRONICLE.
ment due to,a number of
sinking fund $24,607,377, also
certain
them however of
due.
about report
made public.
debentures, &c., payable in London and Canada,
which, with above, make a total of $29,548,923, then
Besides
debt
that, there
maturing this
are
several small
items of
year,
and
much
of
the
developments this week,
favorable character.
most of
The much talked
*
made is that £5,000,000
have been
taken, the loan bearing 3P per cent and the minimum price
being 91. Of course in view of what has been said it is not
at all probable that exchange will be offered against all of
this amount.
We should presume that a considerable
part of the money would be disbursed in England; cer.
tainly the debt due in London will be taken up in London,
now
a
of the Government book-keepers has been
It of course presents some unsatisfactory
features in the company’s affairs, but hardly
any that were
not known before, and the frightful disclosures that
were
promised are altogether wanting. It is nothing new to
hear that the earnings of the company have
largely fallen
off.
The newspapers have teemed with statements to
that
effect for a long time past, and moreover the
figures have
been regularly published each month.
But perhaps it will
surprise some that this “ startling ” report actually shows
that the company did not fail to earn its fixed
charges
We find that allowing for all charges in
full, in¬
cluding the Government requirement for the period,
sinking fund, $179,000 for new equipment, &c., together
with a million dollars for the dividend paid in
April, the
deficit on the operations for the five months ended
May 31
reaches $729,415.
Had the dividend not been paid there
would have been a surplus of $335,782.
In other words,
in a period including the winter months, when the result is
of necessity always poor and this year was more so than
ever, and when competition was very sharp and rates (since
all of which are in addition
to the amount
the Government promised in
Janu¬
ary last to the Canadian Pacific Railroad Company.
For
these various purposes it was stated when the Cana¬
dian Finance Minister sailed for England a short time
since that he went there to negotiate a 50 million dollar loan.
The announcement
[VoL. XAxvni
given * the railroad will, we
be paid out there for railroad supplies.
These facts are of interest in themselves, but especially
as affecting in some measure our exchange market for com
ing weeks, and possibly longer. It is perhaps reasonable
to suppose that whatever bills this loan may afford, will be
offered not all at once, but slowly to supply the current in¬ restored) below a paying figure, the /company earned
quiry. The decided fall in rates that has taken place the enough to meet its every charge and retain besides a bal¬
last two days suggests a different policy.
But it should be ance applicable to stock of $335,782. We should say
remembered, as stated above, that the changed relations of further that this is irrespective of the income from land
our trade are the primary cause for the change in the ten¬
sales, which is very large and which the report does not
dency of the market. And if our foreign trade retains mention. According to the published figures, the land
its improved conditions, and the early export movement of sales during these five months readied $3,369,256 on the
breadstuffs should be free, as now appears likely, the bills Nebraska Division and $803,691 on the Kansas Division,
from trade sources and those made against cotton later on, or $4,172,947 together, the greater portion of which must
should keep exchange low enough at least to dispel all be net, since the expenses can not be heavy.
The land
sales
are
apprehension of further exports of gold for the remainder
practically equivalent to a reduction of the debt;
of this year.
the proceeds, if in cash, could be directly applied to this
In our stock market nothing has transpired to encourage purpose, and if in notes the interest on the latter would
operations or increase confidence, and consequently with act as offset to the interest on bonds.
occasional re-actions the tendency has been strongly down¬
As to the floating debt, this is given at $11,400,000
ward all the week.
Of course anything that improves the gross and $5,331,000 net, not counting fuel and materials
trade of the country improves railroad traffic and that ought as an offset.
That does not seem to be so large as to be
to leave its mark on values.
But, as we have many times unmanageable, and the' Government officers state that the
said before, the source of the depression in securities, is as company holds over $37,000,000 of securities of branch
much, if not more, a question of good and honest manage¬ roads, a large proportion of which are “quick assets, and
ment, as one of simple finance. A new source of danger could be readily converted into cash.” As so much has
to holders of bonds has appeared this week in the issue of been said of the unprofitableness of these branch lines, it is
receivers’ certificates for floating debt of the Wabash Com¬ interesting to note that they returned net in 1883 $2,442,822,
pany contracted before the receivers were appointed.
We and that their annual interest requirement was not much
have remarked u^on this point in a subsequent column greater, namely $2,510,900, of which $1,595,791 was paid
and need not enlarge upon it here.
We trust our courts direct into the company’s own treasury, the Union Pacific
will see that this is a dangerous power to grant, and will holding $23,615,730 of the $40,883,000 bonds outstanding.
reconsider their decisions and restrict the right.
Another Thus there would appear to be nothing in these govern¬
ment figures to bear out the unfavorable
source of depression in values to the same system of roads,
predictions made
has been reports current that the Texas Pacific interest will in regard to them.
As to the action of the directors
in
not be paid.
The determination of the coal companies to
resolving to declare no further dividends this
restrict production again in July has had an unfavorable year, to pay
the Government at once $718,814 on
effect on the coal carriers.
This is accompanied with the account of its demands, and the election of Mr. Charles
announcement
that prices will be raised twenty-five Francis Adams, Jr., as president of the road, they
all
be
cents per ton on certain sizes with the beginning of the must
regarded as favorable features. The
month.
The experiment seems a little hazardous of rais¬ payment to the Government represents the amount claimed
ing prices at a time when business is so depressed. And by the Secretary of the Treasury as being due for the
yet, as the short time now is greater than last year, this year 1883 under the Thurman act. In regard to what is
due for the years preceding 1883, we may refer to the
two weeks’ stoppage may enable the companies to secure
A somewhat disturbing, company’s last report, where, on page 15, Mr. Dillon says
better control of the market.
that the total cash payment claimed by the Government
feature at the close of the week was the assignment of
Commodore Garrison, after allowing notes bearing his “to Dec. 31, 1882, under the least favorable construction
endorsement to go to protest. The embarrassment followed “of the term 4 net earnings ’ under the act of 187.8, id
from his connection with the Pittsburg Cleveland & Tol¬ “$1,727,742 54.
Against this balance claimed to be due
edo and other new railroads in Ohio.
by the Government, the company has the claim above
referred
to (for mails against the Post-office Department,
Union Pacific has also been the subject of no little com¬
amount
should suppose,
“
“
“
„
June
It should be remembered, however^
that it is not at all likely that the same unprofitable rates
Adams’ election has been hailed with general satisfaction;
for through freight now being charged will always prevail.
his integrity is above question, and that goes a great way
Indeed, as our readers know, an advance of 5 cents per
in a time like the present.
hundred pounds goes into effect next Tuesday, June 24,
Few York Central's belated return for the quarter ended
Feb., 1876) of about
«since
■'
719
THE CHRONICLE.
21, 18fc4.j
34- million dollars.” Mr.
8 per
favorable as had
been expected,
it is a well-known fact that the course of
trunk line business has not been satisfactory, and that in
the latter part of the period covered by the figures now
this week, is fully as
March 31, issued
and
cent being paid.
a
further advance of 5 cents is to be
made July 21.
following shows relative prices of leading bonds and
stocks in London and New York at the opening each day.
furnished, rates were reduced to a point that did not cover
the cost of transportation.
At the same time, the Central
has since the first of the year had to contend with its
The
June 20.
June 19.
June 18.
June 17.
June 16.
e
N.Y. Lond'n N.Y. Lond'n N.Y.
Lond'n N.Y.
prices.* price*. price*.* price*. prices.* price*. price*.* price*. price*.* price*.
Lond'n
Lond'n N.Y.
11956
U.S.4s,c.
U.S.4%s.
and met that
once making a large reduction of
newly-constructed rival, the West Shore,
111*13
2
.
con.
120%
111%
120%
111%
11113
rH rH oc 8
120%
11041
mu
14
1389
14 16
13"854 14 "
13%
18%
55 75
54-22
55%
5532
54%
54%
55-56
54%
57*64
11943 118% 113-94
118% 118*94 117% 118-58 117% 11773 116%
I0356t 104% 102*584 103% 108*21* 103% 102-604 103% 100-184 100%
12-20+
11-94+
24
24%
1209+
24
12'33-t
23%
12-57+
24?*
68-25
6966
69-97
69%
67%
69%
71 07
70%
71-60
71%
44
4363
4440
43 96
43%
44
4372
44 69
•/* • •
1465
Erie
119 56
120%
111%
120%
111%
14%
56%
1404
competition by at
Ill. Cent.
N. Y. C..
rates on local business, which is the most profitable business
Reading
In view of all these adverse circum¬ St. Paul.
that railroads have.
Can.Pac.
stances, therefore, it is a question whether a deficiency of
Exch’ge,
4-88
4-67%
4-S8%
4 88%
cables.
4-88%
only $692,000 in meeting the quarter’s two per
Expressed in their New York equivalent,
cent dividend is not really better than ought to have
t Reading on basis of $50, par value.
J Ex dividend.
been anticipated.
Of course, if we multiply this by four
There is no special feature in money, the rates for
as some of our contemporaries are inclined to do, we get
brokers’ balances remaining at from 1 to 3 per cent.
The
a very
large deficit for the year. But this is not a fair following statement made up from retur ns collected by us
exhibits the week’s receipts and shipments of gold and
way of estimating the results for any given twelve months
period. Different quarterly periods show very different currency by the New York banks.
results, and whereas one quarter may record a deficit, the
Net Interior
Received, by
Shipped by
Week Eliding June 20, 1884.
Movement.
N.Y. Bank*. N.Y. Bank*.
succeeding and preceding quarters may both show.a sur¬
Gain
*2,404,000
1479,000
*2,883,000
plus. Indeed, to illustrate the difference, we may take the Currency
Loss.
800,000
*300,000
Gold
two quarters thus far furnished the Railroad Commission,
Gain.*
2,104,000
*779,000
*2,883,000
Total gold and legal tenders
ers. and which constitute the first half of the company’s
Includes $250,000 transferred in the shape of silver certificates,
fiscal year.
Here is the result for each of those quarters, by a deposit of gold in tlie Sub-Treasury.
The above shows the actual changes in the bank holdings
and for the two combined.
of gold and currency caused by this movement to and from
the interior.
In addition to that movement, the banks
Total for
Jan. 1 to
Oct. 1 to
Neic York Central.
Half-Year.
Dec. 31, 1883. Mar. 31, ’84.
have gained $1,700,000 through the operations of the Sub$6,710,591
Treasury. Adding that item, therefore, to the above, we
$7,914,128
Gro.-s earnings
3,972,893
4.135,799
have the following, which should indicate the total gain to
Ope rat i ng expo l sea
$0,216,027
$2,737,698
the N. Y. Clearing House banks of gold and currency for
Net
the week covered by the bank statement to be issued to-day.
Charges
road’s
-
•
*
iwSjvislIw
*
—
$826,617
323,750
489,633
$526,617
$1,653,234
324,750
489,633
048,500
979.200
$1,640.0(0
$1.641,000
$3,281,000
lilt-crest
Taxes
Rentals..
Total
Remainder
Dividends
$1,838,329
1,788,609
j $1,096,698
$49,720
|def$691,911
sur.
Thus, while
there
a
was
$2,935,027
3,577,218
1,788,609
dends) of $612,191 for the quarter ended March 31, in
the quarter ended December 31 there was a surplus of
$49,720. It should be said further that the quarter ended
with March, and the succeeding quarter (now coming to
usually the poorest of the four.’ We have not
the year before, to prove this?
since the company did not furnish any returns then, but
from the monthly exhibits issued in 1878-9-80 we have made
up the following statement of the gross earnings by
a
close}
the
Total gold and legal
are
figures for last year or
and Dec
2d quarter, Jan., Feb. and Maxell
3d quarter, April. May aud June
4th quarter, July, Aug. and Sept
1st
quarter, Oct., Nov.
Total for year
We hero
see
1878-79.
7,976,800
$7,575,787
6,709,508
6,448,4t 0
8,880,797
7,662,828
*
$8,516,637
7,765,679
.-..I $33,175,913 $28,396,58 3
that in the two intermediate quarters the
ter.
But
we
also
see
last quar¬
that the first and the second quarter
together do not differ very greatly from the third
and fourth quarter taken together.
If this should prove
true in the current fiscal year, the above deficit of $642,191
for the half year would reflect a deficit for the full twelve
taken
months of about
-would
*4,583,000
earn
words, the company
its stocky instead of the
1-J- millions—in other
about
per
cent on
*779,000
Gain.12,104,060
Gain. 1,700,000
*779,000
Galn.18,804,000
England reports again of £266,000 bullion
This represents £451,000 received from the
interior and £185,000 sent abroad, being a further shipment
to Canada via New York, to the order of the Bank of
British North America.
The Bank of France shows an
increase of 4,146,000
francs gold and of 511,000 francs sil¬
and the Bank of Germany since our last report has
gained 1,524,000 marks.
The following indicates the
amount of bullion in the principal European banks this
week and at the corresponding date last year.
ver,
June 19,
England
Bank of France
Bank of Germany....
Total tlila week
Total previous
week
..
1884.
June 21,
1883.
Gold.
Silver.
Gold.
Silver.
£
£
£
£
22,093,192
26.173.463
41,631,260 40,569,214 40,265,514 42,041,932
7,929,500 23,788,500 7,983,001 23,950,000
75.734,223 64,357,714 70,341,706 65,991,982
74,314,906 64,280,252 69,714,191 66,107,366
through the Sub-Treas¬
ury for domestic bullion during the week, and the Assistant
Treasurer received the following from the Custom House.
The
Assay Office paid $126,615
million to a
as a rule are from three fourths of a
million and over smaller than in the first or the
earnings
Net Change in
Bank Holding*.
for the week
Bank of
1879-80.
of Bank*
1,700.000
tenders....
quarters.
Period.
(Jut
*2.883,000
Banks’ Interior Movement, as above
Sub-Treasurj operations, net
The Bank of
deficiency (in meeting divi.
Into Banks.
June 20, 1884.
Week Ending
Consisting of—
Date.
Duties.
Gold.
U. S.
Gold
Silver Cer¬
Notes.
Certifies.
tificates.
$45,000 $125 ,000
$68 000
$247,940 60
$13,000
“
14...
240 631 91
1,000
81.000
71.000
88.0OJ
“
16...
507,149 16
11,000
124,000
185,00^
“
17...
454,674 22
261,221 20
315,7.8 20
18,000
149,000
18.000
53,000
186,000
141,000
58,00/
3,000
55,000
127,000
13
J’ne 13...
“
18...
“
19...
Total
$2,027.-34* 29
$.14 one $W7
*7A»OAT>
147,009
132,0(0
,000
(« nno
720
THE CHRONICLE,
RECEIVERE
CER Tib IC A TES.
Prominent among the events of the week affecting in¬
vestors’ confidence in Wall Street values, has been the issue
of receivers’ certificates
[Vol. XXXVIII.
inducement which
building
we
brings capital here, and for railroad
want all the capital we can get. The thought
we
had in mind is whether it is not about
time that
our
by the Wabash Railroad for its courts put a more restricted construction on this power to
floating debt. This is not a wholly new legal procedure, issue receivers' certificates. The theory on which such
as the courts have
already passed upon cases somewhat instruments rest, is that their issue is made by a receiver
similar; but that such a course is possible, is new to the who is the agent of the bondholder, and that it is
done
large body of bondholders, and it has consequently dis¬ solely to conserve his interests, for they permit the
pavinoturbed the sense of safety and security hitherto felt
by of wages and the running of the road while the questions
them.
Shoving in new bond issues ahead of stock is a affecting the property under foreclosure are being
adjudi.
complaint of longstanding—a well-known contingency; but cated. To that extent it is obvious that they are
perfectly
shoving in, ahead of bonds, receivers’ certificates for debt proper; and yet even in such cases the exercise of this
contracted before the receiver was
appointed, is quite a authority should be jealously guarded, for though in
theory
new sensation to the
average investor.
Several questions the receiver is the representative of the bondholder, in
arise out of this incident.
practice now-a-days it seldom is so.
The first of them is
But passing that point, it is difficult to see
eminently practical, directly affecting
any justifica¬
banks and individuals holding the endorsed notes of the tion for'the
ruling that floating debt incurred prior to the
'Wabash Railroad.
As is well known, such notes have for
receivership proceedings should be in this manner made a
some time been out
landing, and in considerable amounts. first lien. We know of course the argument—it is only
They carry on their back several well-known names, so that an extension of the principles noted above,, which
sup¬
they are believed to be perfectly secure. But now the propo¬ port all such issues. Yet how wide such an
interpret¬
sition is presented to the holders, of
accepting, m place of ation of the law opens the door to fraud and how very
the present obligations, receivers’ certificates
similarly en¬ .precarious it makes the securities of a road which has
dorsed.
This would be a perfectly unobjectionable ar¬ dishonest
managers.
Suppose those who are in control
rangement if the certificates are legal: and to some minds of a property wish to make a few millions
easily;—first
it may appear that in
any event the new contract would they sell out all "of the securities that they
hold ; next
be no less secure than the old one.
The line of reasoning
they sell them short ; next they lavishly incur debt in
which one might adopt is that, as the
responsibility of the what is called the management of the property, which
Wabash Railway is of no account, and as the
dependence is readily done and covered up so that it cannot be un¬
is wholly on the endorsers, a new instrument which is covered:
finally, they secure the appointment of a re¬
claimed to be a first lien on the whole Wabash property, ceiver and
procure authority for him to pay their debt in
with the same endorsers, is at least equally
good. That certificates. This plan well worked would .permit the
.argument is probably without a flaw unless the courts making of a snug little sum in a brief
period. Of course
should finally hold that these certificates are
wholly void. also (which is the greater evil aside from the question of
In that case it is wise to remember that the
original prom¬ public morality) the bondholder’s security is thus' very
ise would virtually drop out of existence, and the endorse¬
greatly impaired, all the stock and bonds decline materi¬
ments would go with it—that is, tilt endorsers would be
ally, and then, at the lowest figures, the old parties take
Of course, if the original notes are protested hold
released.
again and reorganize the company.
.and still held, and the certificates taken
We
do not. make these
simply as col¬
suggestions with reference to any
lateral security while extending time of
payment, the particular road or men,'or with reference to anything that
danger would be avoided.
has been hitherto done.
It is sufficient for our courts to
But it may be asked, is there
any doubt about these know that all this, and more, too, is possible under the
certificates, their issue having been authorized by the wide, and, as we think, strained
ruling they are giving to
Courts? Perhaps not, and perhaps also it is possible that this
principle. They thereby neither promote good morals,
•even if the Courts should decide that the certificates are
public rights, nor bondholders’ interests, but contravene all
not a first lien, it might still be held that
they constitute a of them. What sufficient excuse can be offered, therefore,
legal contract sufficient to support an endorsement; that for extending the principle back so as to cover debt con¬
we say is possible,
though we fail to see how such an tracted before the receivers' appointment ?
instrument could be collected or what name would be
given
it, if its illegitimacy as an offspring of the Receiver is once
established.
Yet all things are possible in law, so we do
ERIE'S EARNINGS AND FINANCIERING.
not care to raise that question.
The
statement of earnings and income for the second
It is immaterial, for no
one wishes to run a risk if there is
any, and we think there quarter of its fiscal year, which the Erie this week filed
is in the present case.
That is to say, we fail to under¬ at Albany, appears to be attracting very little attention,
stand how a certificate like this, to take the precedence of and has occasioned
scarcely any comment. Perhaps this
the mortgage lien, could be authorized in
is
because
the
any proceeding
public think that bypassing its .June inter¬
in which the bondholders were not
est
the
actually or construc¬
company fulfilled the worst expectation entertained
tively parties. Had the receivers been appointed in an with regard to it, and that therefore for the time being its
action
brought to foreclose the mortgage, then such exhibits possess little further significance. But the bond¬
officers would represent the interests of the
mortgagees, holders at least who have had to forego their interest have
and the idea under which courts have authorized such the
right to know whether the alleged reasons which the
certificates would find nominal support at least.
But as company gave for the default are the real ones, and how far
the case now stands it is certainly doubtful, what basis there the
figures which the management now furnish, justify the
is for the claim that these instruments are
course
regular receivers'
pursued. In this sense the-statement of the quar¬
certificates forming a first lien on the Wabash
ter’s
income
merits unusual studv, and we think that
propertv.
One single thought more we would like to
present, and bondholders will be gratified at any attempt to enlighten
we do it in the interest of the
investor, or more correctly them on this point.
It is not to be denied that the excuse which the direct¬
•speaking, in the interest of the country's development,
because the inv o'ability of the investor’s
security is the ors gave for^paWnj the interest —namely “tlwdepre
June 21,
THE
1884.]
^condition of the business of the country and of the cam¬
pings of the company”—lias not been accepted as wholly
correct, while almost every one regards it as insufficient
and unsatisfactory. It goes without saying, too, that the
dissatisfaction with the management of the property,
which has been growing for some time, has not been
allayed by the action taken. Here is a company which,
as we have
several times before shown, in the fiscal
year
ended last
September
earned a surplus of
$640,917 above all its charges and a G per cent
dividend on its preferred stock, and a surplus of
millions above the fixed charges alone,
over
1
and which yet, having lost during the lirst six months only
$578,250 (counting in this the loss on the Pennsylvania &
Ohio lease) of the margin of lj- millions that it had to
spare, at once proceeds to give up the ghost financially and
< )f course it might be that some other
go to default.
charges against earnings had to be allowed for this year
though in
that did not exist last year,
issue
fixed
of April 20
year
period.
we
an
article in
721
CHRONICLE.
our
demonstrated that the increase in the
the
period from October to April, and $4,409,998 for the
period from April to October, or over a million and a half
more.
Moreover, the company's statement (made at the
time of the default) also tells us that a deficiency is not
unusual in the first half of the year, so that the present
deficiency loses most of its significance for that reason.
The fact remains, then, that on the extinction of only
$578,256 (that being the loss in net earnings for the six
millions which the
months) of the
for
twelve
the
months
as
company
could lose
compared with the preceding
twelve months, the directors found it necessary to omit the
|
payment of their June interest.
Of
the “
depressed condition of the company^
earnings” was meant to refer to the future as well as the
past, and the management intended to convey the idea that
the outlook did not appear encouraging.
We agree with
course
them, the outlook does not at the moment look very,encour¬
would suggest that that is a consideration
only the expediency of paying the coupon due
next December, and most certainly should not at all have
affected the payment of the June coupon. But we are given
to understand that this June coupon had not been earned,—
therefore it was passed.
Is that correct ? Of course the
figures above show that it was not earned in the first six
But
aging.
we
which affects
requirements for the whole twelve months was not
likely to be more than $ 100,000 altogether. Still, it is easy to
be mistaken on such a point (not having any inside knowl¬
edge) so we have scanned the company's accounts of pay¬
those six months ended with
the
But
ments out of income with unusual care, only to find that months.
first of April, while the’ coupon did not mature till
as near as can be ascertained the increase over the previous
year lias been trifling in this respect.
But to show what the first of June—in other words, the company had two
in those two months
sort of an exhibit the company really makes, we give below months more in which to earn it.
the figures both for the quarter now furnished and the other last year—April and May—the net earnings reached
quarter previously furnished, the two completing a half $1,100,026. We have not the figures yet for May this
year,
but in April there was a decrease of $76,506.
Quarter
.
N. Y. Laic Eric <t Wnteni.
Income—
Gross earnings
Operating expenses
Total
Pay men Is—
Interest on funded debt
Iuter.'st guaranteed
Interest on equipm’t, loans,
Rentals of leased lines
Ferry
expenses,
Arc.
Ac
Total for
Ended
Mar. 31, 584
$6,415,GOG
4,517,101
$1,559,140
*10 974,812
3,074, GO J
8,401,003
08,i05
188,128
$584,544
203,151
$2,482,849
481,279
$->,036,433
$877,605
$2,961,128
$!
Net earnings
Ollier income
Quarter
Ended
Dec. 31, ’83.
Half Year.
$1,151,348
$2,302,006
81.7*25
178,776
181,003
131,415
81,341
8<V'D2
230,308
185,005
366,668
03,817
111,007
24 5,232
ID/',883
163,066
3.8,982
should be
interest
on
the
an
second
consolidated bonds matured, the
had earned it, and we are forced to conclude that
paid for entirely different reasons from those
assigned by the managers.
What, then, occasioned the default V We are at once
company
it
$1,151,348
If
equal decrease in May, or a decreasenearly twice that amount, the net earnings for the twomonths would yet reach $900,000, while the deficiency in
meeting the interest in the first six months was only
$681,884. Hence it is clear that at the time the June
there
was
not
reminded of the failure of the Marine Bank and of Grant
Just what the Erie lost
through that failure we
know, but there is no doubt that the com¬
-.1820,165
-$681, *84
Result
-f $144,281
It is reported to have had 2£
pany was heavily involved.
millions
of
It should be said that in the above, “interest on the
Chicago & Atlantic 2d mortgage bonds with
Grant
&
funded debt” includes in full the interest on the second
Ward, 1 1,000 shares of ClewCol. Cin. A Ind..
stock,
besides
notes, Ac., for several hundred thousand
consols which has now been passed, and it will be seen that
on this basis there is a
deficiency of $681,SSI in meeting dollars. Furthermore, something unfavorable would appear
the half-year’s proportion of the company's charges. . At to have been going on even before that failure.
The stock
and
the
bonds
of
first sight, this would appear to sustain the position of the
company kept declining, apparently with¬
out cause, and the managers, till then noted only for their
management in attributing the default to the depressed
condition of the company’s earnings.
But our readers must reticence, took repeated occasion to refer to the large
guard against attaching too much importance to a report accumulated surplus which the company carried and could
of a deficiency for a single half-year period—not only in fall back on. in case of adversity. Ac.
The failure of
the case of this road, but in the case of all others that are Grant A Ward did not occur till May 6, but on May 1,.
at present making a similar showing... It will not do to! Erie stock sold as low as 18, against 28 at the beginning
judge of the results for the last six months.of the year by of the } ear. The latest earnings then known were
those for the first six months.' The Long Island, for instance, those for February, and they had shown an increase.
depending chiefly upon passenger travel, earns twice and So it would seem that there must have been
other
for
the
cause
three times as much in summer as in winter, and any estimate some
persistent decline in
of its business for the year based upon the operations of the company's securities.
Impressed with this idea, we
January, February and March would be wide of the mark. have made a very careful study of the company's balance
With the Erie the difference is not so great, but we have the sheet, which it is required to furnish with the quarterly
company’s own statement as authority for the remark that exhibits, and find some striking changes. We give below
as a rule the business and
earnings of the company are a comparison of the different items in the balance sheet
Total
$1,0 12,152
$1,703,860
$3,646,012
A Ward.
do not of
course
might extend the
year.
IIow much less can be seen from the figures for the comparison to September 30, the date of the company’s
last fiscal year, when the net earnings were $2,887,660 for report, but it is not necessary.
much less for the first half
than for the second half of the
on
March 31
and December 31.
We
THE
722
N. T. Lake Erie <£• Western.
Dec.
31, '83. Mch. 31, ’84.
$
85,2^5.400
8toelc
Funded debt
Loans and bills
payable
Interest due and accr ued
Traffic balances due, &c
Dividends unpaid
Rentals leased lines, &c
Due for wages, supplies, Ac—
Sinking fund
Sundries
Assess, paid on old Erie stock..
Profit and loss (surplus)
Total.
owe
'Difference.
$
$
1,274.389
761,008
15,192
766,829
Inc
Dee.
.
Fnc.
Dec.
2,971,19* Dec.
3,382,113
100,00
(163,318
265.528
Ward troubles, there
as
5,174
3.234,451
5,935,793 Dec. 1,428,712
3,234,451
/ yd 04-jOOO
on
hand
Cash here and in London
Bills receivable
Discount on stock and bonds...
Expenses extending bonds, Ac.
Total.
1,520,786
509,521
34,667
745,838
218,340
,
cause
the less than
1,622,731 fnc.
101,945
157,179 Dec.
352,342
37.234 Luc.
745,838
2,567
to
theirstock-
for this diminution in the
sur.
Tf beside the Grant &
were
other troubles
the decline in the
ment of its losses
through the recent failures, to the end
that it may be determined what further
shrinkage in the
surplus account must,be expected as a result of those dis¬
What is the full amount? one million, two mil¬
asters.
lions, or more, or less? Certainly no adequate reason for
179,265,152 178,124,742 Dec. 1,140,410
Old estate of Erie
150,317,736 150,916,362 Dec.
1,374
Cost of road and equipment....
9,866,452 11,042,741 fnc. 1.176,289
Construction branch lines
595,224 Inc.
34.566
560,658
Stocks and bonds held
3,147,867 Dec.
109,767
3,248,634
Paid on account of equipment.
858,458
4,066,021
3,207,563 Dec.
Due by agents and others
8,176.499
7,033,663 Dec. 1,142,8 96
Supplies
none
ante-dating them,
securities
company’s
and the above
analysis of its balance sheet would indicate, let the facts
be frankly declared and the true state of
things revealed
It is also time that the company made publican exact state¬
8,358
lo,9«8
87,095
410,915
14
109,000
179,301 Dee.
4,476
themselves,
plus account be made known.
2,233,743 fnc.
],00S,861
909,366
4,52 4
853,924
it to
tvol. xxxvni.
holders, that the true
85.285,400
•75.267,131
75,267,137
1,620,395
18
CHRONICLE.
the late default
can
be found outside of these facts.
218,340
HOLLAND
179,265.15 i 178,124,742 Dec. 1.140,410
Tn
examining the above figures, it should be borne in
mind
that
the
comparison covers dates only three
months apart. Yet the differences are wide and important.
weeks past it
that Prince Bismarck is
For
AND
GERMANY.
has. been matter of public rumor
working in a direction which
seems to indicate a purpose to absorb Holland and make
We find that the items in what are termed current liabili¬ it part of the empire.
The renewal of friendly relations
ties show an increase as a rule, while -the offsets in the between Germany and Russia has been interpreted from
shape of “ quick” assets pretty generally exhibit a falling the point of view of this purpose; and the Prince is repre¬
off.
The amount of the company’s loans and bills paya¬ sented as making his movements so as to hinder or silence
ble shows an increase for the three months of $663,348, opposition, should an attempt be made to give the
purpose
and interest due an increase of $265,528, or together effect.
The circumstances of the hour certainly lend importance
$928,876, though on the other hand other items of
current liabilities
record
a
decrease
of
$635,400, to the question of succession to the throne of Holland.
making the net increase $293,476.
Against this increase The reigning monarch, William III., is well advanced in
of nearly $300,000 in current liabilities, we find on the life, having been born in 1817.
His only surviving son,
other side that in the same three months the cash held the heir-apparent to the throne, Charles
Henry Frederick,
is
well
known
to
be
a
confirmed
by the company (both here and in London) has fallen
invalid, and not likely
from $509,521 to $157,179, and that the amount due it ever to assume the reins of government.
By a second
by agents and others” lias shrunk from $8,176,499 to marriage with a Princess of the House of Waldeck-Pyr$7,033,663. Lest it may be supposed that this 7 millions mont, the King has an infant daughter some three years
represents that amount of available assets, we will say that old.- Among the rumors of the day, one is to the effect
the item “ due by agents and others” is one of those that King William lias secretly affianced this
daughter to
Prince
occurring in the printed blank of the Railroad Commis¬
Baudoin, son of the Count of Flanders, and heirsioners. to which the railroads are required to conform, apparent to the throne of Belgium, with a view to
bring
and that the Erie has evidently included under that head about a union of Holland and
Belgium. Of course, it is a
all advances made by it to its connecting lines as well as question whether the Dutch Estates would be
willing to
moneys due by station agents and others on current recognize the claims of the Princess, with or without such
business, which it was probably intended by the Commis¬ a union; and in the event of the claims of the Princess
sioners it. should alone cover.
The distinction between being set aside, it would be
necessary to seek a male heir
the two kinds of money due the company is certainly in the elder branch of the House of Nassau.
The claims
very great.
We notice that on September 30 last the of this House were fully recognized by the famous treaty
total of advances to auxiliary lines
(which for the same of Vienna, which established, the Kingdom of the Nether¬
or a different amount would
be represented in the'above lands, after tlie downfall of the First
Napoleon, and in the
item of 7
millions) was ashnuch as $3,406,420. independ¬ arrangements which were made at a later date, when the
ently, however, of the extent to which the item is available Netherlands were divided and formed into the two sepa¬
we have an increase of
nearly $300,000 in the amount o.f rate Kingdoms of Belgium and Holland.
It is thus
current liabilities, accompanied by a decrease of almost a
regarded^ as a foregone conclusion, that, in the event of
million and a half in cash and what are termed cash the death of the present.
King, and the failure to find an
items—all this in the brief period of three months.
heir in his line, a fresh selection would have to be made
But the most important and a totally unaccountable from the
existing members of the elder- branch of the'
change remains to be noted. It relates to the item of House of Nassau.
It is at this point where the hand of Germany is sup¬
profit and loss, commonly called the surplus. This during
the three months has been cut down in the remarkable posed to be detected.
Naturally enough the head of this
sum of $1,428,712.
Wo confess our inability to under¬ house is looked upon as the person having the prior claims
stand this very large decrease in this period.
The de¬ in any such emergency as that supposed. The present
ficiency for the quarter on the current operations of the head-of that house is Duke William Augustus, the same
road (counting in full the interest on the second consols whose Duchy of Nassau, like Hanover, Hesse Cassel and
which it was subsequently decided not to pay) was only Frankfort, was gobbled up by Prussia in 1866, and who
$826,165, and to that extent the $1,428,712 decrease in has since lived as a pensioner in Berlin, receiving a princely
surplus would be explained, but in what way except, say, income from the Prussian Government in consideration of
by charging off bad debts, can the remaining $600,000 the loss of his hereditary duchy. It is understood that
be accounted for ?
And if this is the true explanation, Bismarck presses the. claims of Duke Augustus; and as it
how did it happen that the company suddenly accumulated will be necessary for King William and the
people of Hol¬
that amount of bad debts?
The management certainly ! land tn make up their minds at an
early day as to tie
“
,
some
June
THE
21, 1884.]
723
CHRONICLE.
with 1SS1, on a decreased acreage of about 14- per cent, the
succession, the subject is one which is of more
crop of 1882 increased more than 28 per cent.
than ordinary interest, because it concerns not only the
But in 1883 the surroundings seemed to combine in
welfare of the Dutch people, but the peace of Europe.
reversing the result. We should give little importance to
It is quite probable that Germany is represented as taking
the circumstance that that season was a late one, if subse¬
more interest in the general question than she really is*
quent conditions had been favorable, since experience shows
That Germany, however, has good reasons for pursuing
that very prolific years not unfrequently have a late start.
such a policy it is not difficult to show. The inhabitants of
A point of more significance was that after delayed growth,
order of the
generally—speak a language came a
rainy, grassy June over a very considerable section,
which is kindred to English and Low German ; and for
very hot July and a hot August with but little rain after
many generations and until the country was handed over
the early part of the former month.
Texas and portions
to Philip of Spain by the Emperor Charles V"., they were
of the Southwest did not get the excessive June rains;
governed by the Imperial House of Austria and virtually drought and a more prolonged high temperature did
formed a part of the old German empire. Since the time
the destructive work there.
We called attention to these
of her last consolidation as an empire, Germany has felt the
features last November, noting the resemblance of 1883
need of a seaboard territory, giving her an easy outlet to
to the very poor years of 1881 and 1871.
As conclu¬
the Atlantic.
With Holland in her possession, she would
sions with regard to the current crop development are
have precisely what she wants. It is known that Bismarck
almost always reached through a comparison with the pre¬
has had a hankering after the little kingdom, and it is be¬
vious season, it is instructive to bring out again, and in
lieved that in 1873, if it had not been for the firm and
this connection, the peculiarity which distinguished 1883.
decided attitude assumed by Gortchakoff, he would have
It was this—the same that marked the other two disastrous
carried out his plans in that particular, as well as inflicted
years specified—namely, very high temperature; its power
another damaging blow upon France. If King William of
for harm in those sections where it was less prolonged
Holland could be induced to recognize the claims of the
being greatly aided in 1871 and 1883 by excessive rains
Duke of Nassau as heir-presumptive to his throne, it is be¬
and grass in June, which weakened and enfeebled the plant.
lieved by some that an important step would be taken in To illustrate the situation we give the following table
the direction desired by Prince Bismarck.
Duke Augus¬
showing for each State the highest, lowest and average
tus, it is thought, would be a willing and grateful friend,
temperature in June, July, August and September for the
and would use his influence to bring Holland into the con¬
years 1871, 1S80, 1881, 1882 and 1883, the first two years
federacy which forms the German empire.. In such a case, and the last
year being the worst years we have ever ex¬
Holland would resume her old German relationship ; she
perienced, 1882 being about the best, and 1880 being good.
would be represented in the Reichstag as she was formerly
September.
August.
July.
in the Diet; and, although she would cease to be an inde¬
Averages.
2
1
£
pendent nation, slm would be free to legislate on domes¬
W
High.
High. Ljow.
High.
Holland—of the Rhine delta
a
June
A
<u
tic
as before.
Such is the general
questions
i
and such is the aspect in
which we are now asked to look at it.
To our thinking it
is not at all so pressing a question as some would have us
believe.
It begs too much ; it takes too much for grantedThe King of Holland is still alive; and so is his heir apparent.
question
;
So, too, is his infant daughter. Admitted that Duke Au’
gustus were recognized as in the line of succession, or that
he were actually on the throne, it is by no means certain
that he would be a too willing tool in the hands of the
German rulers ; nor is it at all certain that even if he were
willing to sell his kingdom to Germany, the people of Hol¬
land would allow
arrangement. Bismarck
any such
might force the realization by entering and taking posses¬
sion ; but this would be a violation of the law of Europe,
and would be regarded as a casus belli.
We have no hope
of a Union between Belgium and Holland.
The unhappy
and disastrous failure of the last experiment has not yet been
forgotten. Between people who differ in race, language
and religion there is really no common bond of union.
The presumption, therefore, is that until after the next
great European upheaval, Holland will remain as she is,
and that the succession to the throne will be settled in har¬
mony with such a state of things.
COTTON ACREAGE,
STAND AND CONDITION
1884.
-
disappointing to
many observers.
This is almost alwrays the case when a
poor year like 1883 succeeds one as prolific as its predeces
sor
(1882) was. In truth the season of 1882 was excep
tional, the conditions being in general favorable throughout
so that every agricultural product prospered ; take the cot¬
The cotton
crop
of 1883 has proved
N. Carolina.
1883 (bad) ...
1833 Loud)...
00-8
58-0
01-7
58-7
577
70-0
75-9
77-4
1883 (bad).... P7-5
1833 (good)... 97-0
1881 (bad).... 905
1380 (good)... ioo-o
1871 (bad).... 9C0
593
630
04-0
620
700
770 100-5
793 94 0
81-8 1030
80-0 97-0
63-2
59-7
630
63-2
700
78-8
1831(bad)
18*0 (good)...
...
'
t
90-0
90T
95"0
97-3
5W7
83-8
1871
(bad)....
S. Carolina.*
Georgia.
1883 (bad) ...
18*2 (good). .
1881 (bad)....
1830 (good)...
1871 (bad) ...
Florida.
1883 (bad)....
1882 (good)...
947
952
1-9-1
98*2
92-0
94-0
9V7
7i-2! 95-8
74-8
93-3
I
721
739
80-7
75-8
92-4
91-2
94-3
90-8
8ys
57*3
80-8
79-3
78-1
74-7
75-5
79-3
731
82-2
815
81-7
808
80-5
90-4
930
94*0
91-0
91-0
640
67-0
68-5
63-0
64‘3
78-1
78-4
80-3
77-8
76-3
741
77*8
74-3
09-5
07-0
82-2
81-3
835
83-4
80-8
970
955
975
59-5
590
(59-0
690
06-5
77-9
84-2
bl'O
82-5
78-7
83-5
941
921
97-0
945
895
641
78*8
79-7
68-8
(53-8
05-3
08-2
680
81-9
798
78-3
76-5
76-0
06-6
679
60-7
695
691
520
57-8
080
010
50-0
701
771
970
925
81-9 1012
80-2 90-3
795 92-2
N
935
925
925
890
84-7
00-0
65(5
61-5
639
58-8
95-0
\.
55*7
55C
62-5
511
390
932
90-2
98-2
5)1-1
92-8
93-0
Low.
87-9
89-4
924
932
820
78-0
773
80-2
780
75-7
(57-0
71-0
05-0
78-0
Low.
05-0
034
03-9
05-5
545
95-0
80-0
1
o
81-4
80-1
577
63-8
52-5
50-2
72-5
770
70-6
623
70-0
70-8
V
92-9
932
90-0
97-2
94-5
691
00-5
67-0
670
72-0
81-5
80-5
952
5)32
5X5-5
95-5
94-7
09-4
71-5
(595
70-5
690
84-0
81-2
83-4
82-0
81-3
952
940
933
71*5
69-5
695
70-0
71-1
Ala hama.
1883 (bad).... 96-fi
97-2
1882 (good)...
1881 (bad).... 100-4
913
1S80 (good)...
1871 (bad).... 91-5
050
034
01-7
030
60-9
79-6 100-5
80-0 930
81-8 U30
78-2 9(5-7
78-8 J'4'5
00-4
03-2
07-4
09-3
82-9
7'7
82-9
08-3
811
98-7
919
950
97-0
952
67 0
691
683
700
68-5
80-8
78-3
813
80-2
82-1
95*2
90-1
96-8
910
88-5
580
58-3
570
560
483
Louisiana.
1*83 (bad)....
1882 (good)...
1881 (bad)
.
1880 (good)...
1871 (bad)....
9.V0
90-4
519-3
9i-5
94 0
00-0
63-1
08-7
oo-o
715
80-9
80-7
83-4
79-0
8U3
98-0
90-0
5)9-9
727
94-0
07-5
730
83-7
80-1
80-3
80-8
835
97-2
5)4 0
0901
93-0
90-3
68-9
68-.
7U2
(54-5
74-7
82-4
79-7
843
78-7
83-4
90-5
91-2
96-5
5)10
910
630 79-4
56-5 ,75-0
55-0 7*-9
580 74-0
560 707
90-1
01-5
558
oo-o
78-3 100-5
93- 7
78-4
65-8
02-0
81-3
773
65*0
65-0
98 "5
in -;
90-4
070
833
00-3
00-2
79-0
83-4
99-7
9U2
98-2
5)3-0
821
76-4
82-0
795)
82-2
98-7 54-4
89-3 5S-3
965 542
87-0 •55-0
92-6 46-3
707
72-5
77-9
72-5
724
757
741
82-5
765
81-4
93-5
88-5
41-0
47-0
98-0: 38-0
88"5 460
92 0 405
735
09-5
741
07-4
71-1
91-0
88-9
50-4
47-1
51-9
43-7
099
71*1
700
00-5
68-2
1*81
1380
(bad)....
(good)...
1871 (bad)....
Mississippi.
18*3 (bad)
1882 (good)...
1881 bad)....
18*0 (good)..
1ST 1 (bad)....
...
Arkansas.
1*83 (bad) ...
1882 (good)...
1881 (bad)....
1880
1871
(good)...
(bad)....
Tennessee.
1883 (bad)
...
1882 (good)...
1881 (bad)....
1880 (good)...
1871(bad)
..
Texas.
1 83 (bad)
1882 (good)...
1*81
(bad)
...
900
9**3
82-8
80-9
80-8
950
00-9
71-0
8d-o
94*5
947
94-8
71-2
68-0
66 6
92-0
555
76-0 00-5
820 101-0
77 0 91-5
800 90" 1
56-5
60-5
5i"0
94-2
03-3
072
80-7
77-1
78-8
95-5
50-5
77-0
90-5
00-5
80-2
5)4-5
940
47-5
03o
59*5
70-5
5)30
99 0
5)50
5(5-0
58-5
978
000
Ol".4571
05-:
($0 ‘J
93-0
89-2
1043
935
593
00-7
07-2
01-2
940
58-0
75-8
77-3
84-3
757
78-1
OOA
83;2
92-8
(57-8
79 4
84-2
90-2
5)5(5
80-4
74-8! 80-8
5)0 0
95-2
512-3
07-5
77"7
74S
80-0
93-4
57-0
75-9
944
90-1
570
78-7
91-3
5)0!)
95-0
8j"8
58-3
07"5
591
78-2 101*1)
5)4-5
77-1
70-0 931
9-4-9
9U1
5)S<)
GO-1
03-7
09-4
H5-5
SI -3
5)70
80-9
85 31
5)5-3
89-0
952
18*0 (good)... 937
1871 (bad).... 101 0
72-0!
99-8
80-5 5)7-9
83 4! 100-0
Our weather stations for
of any general conclusions.
00-5
78-3
70-4
*2-7
77-9
00-2, 70-7,
70-2!
82-5
09-8 8U9
71 *01 84-*
97-8
94-5
*87.
00-2 82-2 9)5-1
70-2, 80(5 lul-4
64-7
72-2
01-rij
South Carolina have been too
5)8-5
87-2
87-6
39-8
55-9
586
58-5
55-■)
58-0
770
727
772
70-0
79*9
70-2
792
fow to permit
said that the years
1871, 1881 and 1883 were alike in all respects; we only
mean that in the sections where the worst failure occurred,
ton States as a whole we may probably say that the acreage
there was one notable condition of weather which prevailed.
planted that year produced to about its full capacity. This
For instance, pass the eye over the figures as given above
latter remark is well illustrated by the fact that compared
We do not mean
by what has been
724
THE
for the States of
Alabama,
and it will
at
seen
Mississippi, Louisiana and Texas,
that disaster is recorded
once
CHRONICLE.
thermometer, for high temperature
was
in each
by the
one
•States do not in these
show the same fact so
general totals for 1871 and 18S3
plainly, because in the years named,
this peculiarity and
crop disaster were not in those dis¬
tricts so universal, but more
local, and hence in investigat¬
ing such cases the State averages are not a good guide, a
reference to the local reports
being necessary; besides the
length of the heated term was shorter in the Atlantic
,
ditions of
decrease in acreage and the
or
COTTON ACREAGE FOR TIIE
YEARS
NAMED—(OOOs Omitted).
i
Stales.
1,072
1,054 1
2,977
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
growth.
■'
'
1883-84 1882-83 1881-82 18S0-S1 1879-80
1878-79
North Carolina
States,
extending in 1883 through August, and
there was therefore largely due to the
further fact that the
high temperature fell upon a plant
pre-disposed to failure, because enfeebled by previous con¬
indicating the increase
both being simply
country. Of course these
are our own
figures and represent, as we have reason to be¬
lieve, the fact more accurately than any other compilation.
and lower tempera¬
good years. The other
not generally
the loss to the crop
in the following, two lines being added
other the increase or decrease in
crop,
the percentages for the whole
case con¬
with failure in the bad
years,
ture with productiveness in the
current
series of years
a
[?ol. xxxvin.
1,04 lj
'i,ooo;
1,090
996
893
799
1,056
1,548
1,364
2,835'
2,017
1,236
2,315
2,984
2,869
270
205
208
205
240
2,813
2,440
232
2,670
2,346
2,702
2,330
2,003
2.192
2,391
2,650
2,324
040
004
022
904
805
3,102
1,184
798
2,504
2,390
1,922
1,170
1,170
2,174
1,013
924
SSO
723
G71
105
100
01
80
14.442
13,202
Tennessee
sso
2,820
1,117
809,
All others
111
108,
.
Total acreage....
All this is very
important to those who would not be
misled, but secure whatever helps are possible to a correct
judgment for the present and future seasons. Often, in
times past, when severe
drought has occurred, cotton has
been able to endure it.
Other crops have died, but cotton
lias pulled through.
For this reason it is so frequently
and properly called a
dry weather plant. But here are
three years, two of them
recent, when this idea seems
to have found
contradiction, and nervousness over any
drought is consequently becoming
17,449
1G,590!
10,851
10,123
2,004
947
6,9921
Total production....
5,850
5,430
0,589
o9 / 57
5,074
Increase in acreage.. 5*18 p.c *l-55p.c! 4-51
p.c 11*7 p.c
9 p.c
8 p.c
Incr’se in production *16-3 pc 28*0 p.c. *17*5
pc 14*4 p.c 13-4 p.c 5'4 p. c.
*
Decrease.
The
soon
production by States for 1883-4 we shall
makeup
after the publication of the
September crop report.
We have estimated the total above at
though
would
this
as
the receipts
come
are
5,850,000 bales,
running now it looks as if it
short of that
season we
figure. The acreage figures for
give subsequently in this report.
prevalent. The
show, however, and a more ex¬
COTTON ACREAGE AND STAND IN 1884.
tended investigation would
As was the case last
only confirm the position,
year, the general tendency in the
that it is not simple
drought that has killed the plant; South this season has been to increase the land given
up to
in fact, the rainfall in
This fact is well
many of the States does not appear cotton.
developed
by
our reports.
Of
to have been
largely deficient for July and August; it was course no such inclination is ever universal or carried out
rather the “ terrible heat" that burnt out the
vitality, in to the same extent in the different sections where it exists.
•some cases even in
spite of a fair rainfall. An average It is governed in good part by the inducements other
crops
thermometer in July and August, under or at least not hold out and
by the ability of planters to indulge their wishes.
materially above 80, seems to meet best the requirements of In North Carolina, for instance, there is a tendency in some
•cotton, and at that degree of heat a well started plant can sections to give up more land to
tobacco, while in other
-endure considerable dry weather without
sections
of
the
State
losing its vitality.
wheat, and in others peanuts, are
FORMER PRODUCTION AND ACREAGE.
securing more attention. Moreover, we think the South as
a whole has for some
The facts relating to weather and
years been growing less disposed than
growth become of
course in all cases most useful when studied in detail
devote
attention
and formerly to
exclusively to cotton. This
then applied to the production of each State.
remark
is
A summary
especially applicable to all the Atlantic States,
of the yield by counties would be even more
and now we find the same
point brought out in reports
satisfactory,
as in that
way each production district could be grouped from Alabama and Arkansas.
The truth is the South
under its weather stations.
It is impossible,
however, to has been making great advancement during the last few
give the figures with such detail here. The Census returns years. To-day there is no section of the country which is
by counties were published by us July 1G, 1881 (page G3). better off, in spite'of its short cotton crop, for it is raising
and reference to those
figures will show the relative im¬ to-an extent so much greater than formerly its own food,
portance of the various districts. The State production? and even last year in cereals it secured a pretty fair result.
however, we give below as accurately as we can make it But before giving general conclusions in respect to either
up, the'figures for 1870-80 being the-Cens'us figures and the acreage or condition, we submit our usual details with re¬
j
other years being our own
compilation. We believe the gard to each State.
results as given are a very close
approximation to the actual ] North Carolina.—Planting began in this State slightly
facts
have
we
set
more
out
,
facts.
PRODUCTION' OF EACH STATE FOR YEARS
i
o6
op
ci
Sta 'cs.
T—<
OO
UO
c
00
H
tH
|
No. Car
455
135
180-1. 18‘79-0.
NAMEI>-(OOOs emitted).
CO
CO
t>
L-
t-
b
6
Lon
1-
i-
CO
T—1
r-i
CO
I—t
390
310
370
1
400
earlier than last year, and was
generally completed about May
20.
The early-planted seed came
up well, but the later-planted
•
d
1875-0.1
t>
-A
l-
*>
CO
./j
tH
1
340
290
273
205
So. Car....
598
400
575
52.J
470
3
0
385
350
3 05
350
•Georgia
s to
70S
037
814
750
G80
000
550
520
COO
57
43
60
55
60
50
55
50
55
00
737
581
730
700
505
COO
555
015
Mississippi 1,098: S!)5
000
575
1,015
050
805
775
700
7 SO
505
630
520
507
400
420
385
445
340
420
Florida
Alabama
..
Louisiana
.
Texas
510
1,407
4S5
„
855 1,173
SOI
784
010
090
6S0
Arkansas..
30->
550
(!*).)
525
075
007
520
500
490
Tennessee.
505
390
410
375
300
331
290
200
All others.
38 0|
235
205
200
2*0
50
70
eo
GO
50
70
20
30
55
j
50!
Total.... 0,002 5,436 0.580 5.7571
5,074 4,811 4,4^54.009 3,833 1.170
A further
vances
point needed for comparison
is the acreage
for previous
years.
germinated slowly, being hindered by the cold and dry
weather which prevailed
during a greater part of May. Re¬
planting was necessary, but only to a limited extent, and in a
very few districts.
June opened somewhat more favorably
than the previous month, but the coolness of the
nights still
tended to check growth.
On the whole, however, the
plant is more forward than last season. ' The Stand is in
general good, but owing to cold nights and the lack of rain the
plant is somewhat small; still it lias a healthy look, and is
particularly well cultivated. Warm weather with occasional
showers would be
condition.
go
the
season
ad¬
This is shown for
especially beneficial and assure an excellent
Acreage—We note a disposition at some points to
into grain and tobacco
there has been
some
as
.
of the
area
at the expense
small decrease in the
productive counties.
other counties
the
a
same
area
under cotton in
increase, however, in
to about make up for this loss; so we call
last year.
Fertilizers—There has been a
seems
as
An
of cotton, and hence
June 21, 18S4.J
725
THE CHRONICLE.
moderate growth in the use of commercial fertilizers, but the instance been particularly large, and wre therefore estimate
it for the whole State at 3 per cent.
Fertilizers.—Our re¬
use of home-made manures is steadily and more rapidly being
show'
that
a
ports
there
has
been
large
increase
in the takings
increased.
of
commercial
market
fertilizers,
the
sales
in
one
having more
South Carolina.—In almost the whole cotton-growing
than doubled those of last
season.
Home-made
manures
have
region, planting was later this season than usual, and South
Carolina proved to be no exception. The early spring was far also been more largely used.
Mississippi.—The same causes which served to delay plant¬
frofm favorable, and in consequence the putting in of the seed
was delayed in a majority of districts.
In the lowlands a ing in the Atlantic and Eastern Gulf States operated in Missis¬
greater amount of re-planting than ordinary was found to be sippi, only in a greater degree, so that although planting w'as
necessary, so that planting was not finally completed until quite generalhr completed by the last w'eek in May, still in some por¬
late.
The month of April and the first half of May was cold tions of the lowlands it wras yet in progress at the opening of
and rather too wet, but subsequently the weather changed for June. During April and part of May the w'eather was unsea¬
the better, and, with the exception of cool nights in some sec¬ sonably cool, killing some cotton and making re-planting neces¬
tions, has been very favorable. The seed came up well, except sary to some extent, and throughout the month of May the
rainfall wras excessive except in the eastern and northern sec~
on the lowlands, as mentioned above, but somewhat irregular.
tions
of the State. In the favored districts the seed germinated
Stands are reported as fair to very good, but the plant is small
and backward; still it looks healthy and is now making rapid wrell and the plant made good progress, but at other points the
start was poor and cultivation has been interfered with by
growth. The fields are clear of grass, and the condition gener¬
rain and floods, though latest advices are much more promisingally is considered satisfactory — in fact, better than at this
time last season.
Acreage—As in North Carolina, there is a The Stand is reported as generally good in east and north Mis¬
disposition in some districts to decrease the acreage devoted to sissippi, and ranges from poor to fair in the remainder of thecotton and to substitute grain, but other sections have enlarged State. With dry w'eather followed by occasional showers tl\e *
the area so that there has been an average increase in the State plant is capable of decided improvement, though how' permanent
of about 2 per cent. Fertilizers—There has been no increase the injury done is, can only be determined later on. Acreage.—
in the takings of commercial fertilizers, but home-made A general disposition was apparent early in the season to en¬
manures have been more largely used.
large acreage. The adverse conditions over a considerable sec¬
Georgia.—Planting began late, being delayed] by the wet, tion have checked this inclination to an extent, but still we
unseasonable weather early in the spring, and in consequence think there is some growth, and w'e put the average increase
for the wdiole State at 2 per cent.
was not completed until from.one to two weeks later than in
Fertilizers.—A very grati¬
early years. The weather subsequently, and up to near the fying increase in the use of commercial fertilizers is reported,
close of May, was remarkably favorable for farm work and rapid and home-made sorts are being more largely employed.
Louisiana.—Planting began at about the usual time in
growth. Since about the 27th of May, however, the nights
have been rather cool, and at latest mail dates there was some Louisiana, but, ow'ing to the cold and wet w'eather, was much
complaint of too much rain. Stands are reported good—in delayed, so that the finish wras~ from one to three w'eeks later
many cases almost perfect—with the plant strong and healthy, than last year; in fact, in some of the overflow'ed districts it
but somewhat small, owing to cool weather.
The fields were was only completed about the first of June. Much of the seed
at latest mail dates in an excellent condition, being well first planted came up poorly, and the continued excessive
worked and free from weeds.
Acreage—There has been in rains gave little opportunity for cultivation. The re-planting
w'hicli wras necessary w'as mainly in the Mississippi and
some cases a moderate increase in the acreage, our reports,
however, averaging not more than one per cent for the whole Red River valleys, where some land is reported throw'n out
State.
Fertilizers show an increase in both commercial and altogether; later advices, how'ever, indicate more re-planting
home-made, the increase in the former sort being in part due and much more favorable conditions, with the possibility that
the harm done may not be largely permanent. Stand.—Asto the lower prices. •
Florida.—In this State as in the Carolinas and Georgia, one would imagine from such conditions, the fields were on
planting started late but to a much less degree, the finish the first of June badly in grass and greatly in need of work¬
being but little behind last season. Seed came up very well, ing, which the planters could not give them until the rainsSince the first w’eek in June the w'eather as stated
and with favorable weather the growth was rapid and satis¬ ceased.
has
been
more favorable generally, and a change for the better
factory. The latter half of May the weather was rather too
has
taken
place in the prospects. Acreage—There w'as at the
dry, yet not to such an extent as to in any way reduce the
outset
a disposition to increase the area in cotton, but the over¬
prospects. There has been considerable rain since June came
in. Stands are very good and the plant healthy and vig¬ flow' has caused so much land to be abandoned, we estimate
Fertilizers
orous.
On the 10th of June reports state that the crop is that there has been a decrease of about 2 per cent.
are used but little.
making excellent progress, the condition being very satisfac¬
Arkansas.—Planting in Arkansas began somewhat later
tory, and the fields unusually clear of grass. Acreage.—
There has been a moderate enlargement of the area in cotton, than in 1883—ten days w'ould be a fair average—and wrasalmost the whole increase being made up of Sea Island, and finished about May 25. In the counties bordering on the
reaching probably about 3 per cent. Fertilizers.—An in¬ rivers much of the cotton, first planted failed to come up,
crease in the use of both commercial and home-made fer¬
ow'ing to the overflow and cold weather, rendering necessary
more re-planting than usual; and in some of those districts
tilizers is reported.
Alabama.—The wet and unseasonably cool weather during the planting w'as not finally completed until June 1.
Elsew’here
latter part of March and early April delayed farm work so that the seed came up very wrell m general, but in consequence of
planting began generally a few days later than in 1883. Sub¬ low' temperature and wet w'eather made only slow' progress in
sequent to the first week of April the conditions became quite development in many sections. The northern and western
favorable and excellent progress was made; the finish, how¬ portions of the State suffered least in these particulars, and
ever, being on the average about one week behind last year. therefore, at the present writing, make a much more favorable
The seed came up very well, and the start was quite satisfac¬ showing.
The Stand w'as reported as fair to good, and in rare
instances
excellent,
although small and backw ard, yet gener¬
tory, although development was partially checked by the low'
temperature in April. The w'eather during May and early ally healthy and of good color. In some sections where there
June w'as dry and very favorable—some say never better— lias been an excess of rain grass is said to be troublesome, but
still a few' localities speak of cool nights and absence of rain. elsewhere the fields are comparatively clean.
Since June 1
and
Latest advices, how'ever, report an abundance of rain, and in
up to the present time the conditions have been more
some sections there are complaints that rain is making wreeds
favorable, although there were scattered complaints of cool
troublesome.
Tnc Stand secured ranged from good to excel¬ nights; but the planters are everywhere rapidly getting the
lent, with the plant, June 5, very healthy and in fine condi¬ fields in better condition. Acreage—As in previous yearstion.'
The fields at that time w'ere exceptionally clear of there seems to have been a general tendency to increase the
We estimate the increased acre¬
weeds and well w'orked, ow'ing to the dry w'eather which had area of land under cotton.
Fertilizers are but very
previously prevailed; planters claiming that with seasonable age for the State at 4 per cent.
weather from now on there wTas every prospect of a satisfac¬ little used-, planters depending largely upon the natural rich¬
tory year. Acreage.—There appears to have been an inclina¬ ness of the soil; still there is a growing disposition to make the
tion in most sections t) enlarge the area under cotton, very cultivation more thorough, and commercial fertilizers are
few' counties reporting a decrease; still the increase has in no receiving more after tion.
THE
may be said of the start in Tennessee
States; it was late—say about two weeks. The seed
came up only fairly well,
and the early development was rather
slow, owing to the low temperature and excess of rain, but
with the opening of May the weather improved somewhat and
the plant made better progress.
Up to near the close of May,
however, cool nights were a pretty general complaint. Since
last of May the conditions have in general been more favorable.
The IStand secured was in the main good, and the
plant was
fairly healthy, but small and backward. Fields generally clean
and well worked. With the change in the weather the last
week in May the growth became more
rapid, and at the present
time the crop appears to be in
pretty good condition. The
Acreage has been decreased in some districts and increased in
others, but for the whole State the change has been quite small,
averaging not over 1 per cent increase,
jFertilizers of the
commercial sort are but very little used, but more attention is
being-given to home-made manures.
as
same
Texas.—The outlook in Texas
was
June 1 less favorable
than in any other section
of the cotton-growing region.
Planting began about one week'later than last year, the aver¬
age date being about March 15 in South Texas and April 1 in
the Northern districts, and was
generally completed by May
15 and June 1
respectively.
The seed came up poorly, much
of it rotting on account of the excessive rain.
A great deal
of re-planting was done, both in the bottoms and
uplands,
and on some portions of the land overflowed
by the Sabine,
Brazos, Trinity, San Bernard and Colorado rivers was not
finished
June 8.
on
From the middle Of
April up to last of
May the rains were unusual, amounting in some cases to
a flood, and in
consequence a large amount of country was
overflowed; the temperature was also lower than desirable.
But beginning with the last of
May the weather became
more
favorable, the overflows subsided, and excellent
progress is now
being made in clearing the fields
of grass and weeds.
The prospects are much better
than at the opening of the
month, and much better than
thought to be possible then, and with dry weather, varied by
occasional showers, there should be a chance of decided
improve¬
ment.
It is impossible to say at this time whafc has been the
damage done or how far it can be made good. The Acreage
expands largely from year to year in Texas, and the present
season proves to be no
exception; but as the recent overflows
have probably thrown out some land, we estimate the increase
for the State at about half of that of last
season, or say 5 per
cent.
Fertilizers are used but little, if at all.
The
foregoing details
ciently elaborated,
we
necessarily brief, but suffi¬
think, to convey a pretty clear idea
are
of the situation about June 15 in each of the cotton States.
We
have, however, prepared
fall
and
thermometer
reached above.
made to
These
as
our
a
usual statement of .'rain¬
confirmation of
tables
are
made up
The
lows
details
of
the
Charleston.—
Highest
7601
Lowest
2T-5
Average
58-7.
78-0
39 0
57-2
Spartanburg—
Highest.
72-01
72-0
Lowest
Average
Columbia-
17-0
49*0
48-6
....
as
fol¬
February.
Thermometer.
March.
A
1884. 1883. 1882. 1884. 1883. 1882
prit.
May.
1884.1883. 1882. 1884, 1883. 1882.
I
'
VIRGINIA.
Norfolk.—
Highest
Lowest
.
Average
N. CAR’LINA
72-0
22 8
50-1
76-0
30-0
46*8
71-0
29-0
48'7
45*0! 46-0 60-5 48-0 51*5
64-0
82-0
91-3
910
8?0
66-6
74-8
70-8
71-7
86-0
51’9! 46
82-0
35-Cl 30-0
564
68 3
860
4 6*0
60-7
800
230
58 1
89-0
3v0
60*7
74*0i 74’0l
18-0; 27-0!
Highest
70-0
Lowest
Average
553
18-0
Stateburg.—
78-0 :
Highest
Lowest
210! 34-0i
Average
75-0!
GEOKGIA.
Augusta.—
Highest
‘'
i
‘
05*11
54*7!
74-0
29 0
54-9
•0
28-0
56-6
75*0! «9-o
34-0! 36 0
51-8 59 0
78’0
81*5
53*0
60-0
S2'0
27-5
59’6
79’0
82’3
53-8
70-5 74-0
24’5 1 27-0
54-2 50-1
90-0
54-0
75-7
S4’0
38*0
60-1
80-0 83 0
41-0 42-0
02’3: 64-6
1
I
Lowest
24-0
Average
50-5
82-0 7S0
34-3 j 30-7
56-7 55 9
73’0
11*0
5P0
74-0
28-0
49-9
.
Lowest
Average
Savannah.—
1
71-0
30-0
52-2
,
87-0
41-7 i
04‘5
87-0
45’0
OO’O
80-0
35-0
57-0
82-3
35 0
58!
85-0
35’t
61-2
4 SO
55’0j
04’4
70'9
870
81’0
87’0
490
GO’S ! S4’0 ! 91-0
08-7
86’7
450
053
78-0
•
1
Lowest
70’5 800
20*01 39-0
Average
58-3 i
00-1
78-0
325
58"5
Highest
70’0 79 0
30’C 40 0
47"0 ! 61*0
72-0
42-0
60-0
26C
58 0
78'0
30'0
57-0
820
26-0
59-0
7P0
29 0
490
79’0
220
54-0
780
80’0
20*0
58-S
Highest
83-5 80-0
340 ! 40 0
61-7 57-1
4P0
Columbus.—
Lowest
Average
Macon.—
Highest
Lowest
7S-0
18-0
so-o
30-0
57-0
;
Average
52 0 !
Highest
70-0! 73-0
Lowest
14-0
49-7
.
1
73-0
'
Average
Forsyth —
Highest
290
| 50-0
78-0
20-(!
503
Lowest
Average
Andersonvillc
Highest
78-0
32-0
58-4
21D
562
-
81’0
20-4
53 ’3
Lowest
Average
....
...
81*2
20-4
00*3
75-0
90’0 91*0 90’0
54 5f 43’0 1 48’0
74*0 i 70’5 ! 09'7
1
840
49-C
07-7
85’0; 87’0 88‘0
40’0 ! 45’0
00’5 66’3
5S’0 51*0! 50*0
70'L 72'7i 72’8
08’0
85’0
90'0
30-0
51-0
42-0
450
| 57-0
65-0
03 0! 09 0
80-0
30’0
88-0
36-0
85-0
37-0
55’0
62'U
62*0| GO’O ;
08-0
70'0
82’0
8H’0‘ 84’0
29-0
50-0
83*0
33-0
570
35*0
£8 0
37-0
02-0
43'0
65’0
91’0 86’0 80’O
54*0! 42’0! 45’0
71’0 05’O 67’0
78-0
33-0
553
87’0
39’0
61-7
88-0
84’0
S6’0
88’0
88’0
42'0
62*9
400
4H-0
00-0
67’7
59’C
74’5
45’0
70’8
88’0
500
70’6
....
....
'
j
|
Rome.—
85-0 88-0
46-0! 49 0
89-3 87-8
37-8 j 40'0
60'9 02-1
Atlanta.—
Highest
86-0
53-0
71-1
j
•
80’O' 91’0 ; 88’0
44-n 50-0
77-0: 72’0 : 73’8
02-0 1
t
-
♦
i
1
!
<
....
....
92 0 ! 86-0
54’0' 40’0
75’G
S2-0; 88-0
30-0! 48 0
91*8
40-4
04-0
86’0
480
«9’0
j 69-0
930
05'2
74’4
....
....
*
*
«
76'0
30'0
46-8
75'0
320
510
785
40-9
54-5
80-0
37-0
55-8
80-0
34-0
55"7
91*1
52-9
08*0
89-0
88-6
51-2
71-5
84'0
48-0
69-0
■
44-0
66-3
88-5
45-0
63-0
Highest
Lowest
Average
Cedar Keys.—
Highest
Lowest
Average
79-0
36-8
02-1
83’0
40-0
043
79’0
38-0
6P7
79*0
40-0
00-4
88-0
47-0
60-7
S8’5
47-2
08-7
88-0
52’0
85’0
90’7
424
00-3
89’5
50’O
70*1
70’9
023
70’5
54’0
73'9
89’5
54’0
74’6
774
37 2
63-4
79-0
430
00-9
70-0
40-5
02-3
78-9
42-2
66-7
74-0
45-0
01-2
82*0
47*0
07’3
84-8
5P8
09-0
86-0
550
72-0
85’0
000
73’4
OO’O
0O’5
77’0
87’0
500
751
90’0
54’0
75’2
93’0
....
....
30-0
....
....
85-2
Archer—
86-0
36-0
65-0
Highest
Lowest
Average
•
•
•
•
.
....
-
.
....
1
68-2
....
....
....
Madison—
Highest
Lowest
89-0
...
..
Average
-
....
....
t
r
-
....
40 0
06-0
...
....
900
44’0
69’0
950!
...
....
.
•
•
#
„
„
8
....
610
80-3
....
.
•
.
....
98’0
95-0
42C
09'5
•
•
•
•
•
.
•
0O’O
70’5
....
....
....
....
ALABAMA.
Montgomery.—
Highest
Lowest
Average
Mobile
80*9
22-0
553
81*2
325
58-2
79*8
32’0
57’4
82-8
32-e
599
78-0
35’0
548
80-3
755
28-9
57*3
78’0
300
59-0
70’O
350
83’9
37’0
022
80-5
89-5
577
82’0
420
02-2
85-3
42-0
63-4
88’0
40-8
65-9
85-9
430
66-2
90-0
890
47-0
49 0
96’5
58-7! 47’3
70'3
74’6
72’9
50’4
72’0
931
59’4
74-6
85 0
47’0
68’0
91’3
44 0
70*4
900
47’9
70’4
—
Highest
Lowest
Average
Greene Spr'gs
Highest
Lowest
Average
.
591
47-0
05-1
02’7
91*5
■
..
760
20-0
522
84-0
320
54 2
75*0
35*0
50*6
SO’O
320
57-0
79-0
80-0
53’5
83-0
4P0
60-8
83-0
40-0
OO’O
82-0
450
04-2
80’0
45’0
05’4
89’0
50’O
71*3
86*0
40’0
08’3
86’0
490
68’0
75 0 79-0
21’0i 29-0
520 54-0
74-0
33’0
54-0
78-0
30’0
55*0
75’0
32’0
5P0
80-0
40-0
580
82-0
37’0
59-0
84’0
40-0
03-0
80’0
440
86’0
47’0
70’0
860
40’0
060
84’0
47‘0
600
74-0
10-5
51’4
76’0
31*0
56-0
75’0
28-0
530
78-5
25-5
50’3
77'0
82 0
50-8
81’0
330
58-0
83 0
38-0
597
83-0
35 5
04-1
84’0
02’0
57’0
720
80’O
41’0
09’5
80’O
40*0
07’O
771
32*7
00 7
80-0
39*5
02-9
79-0
39-0
62-5
80’5
40-9
04-8
80-8
81-5
51-0
00’2
82-0
50*(>
68-2
84-0
5P0
71-4
SO’O
50’O
72'5
80’2
SS’O
44*<
01-7
01’7
76’4
56‘5
74’3
88’3
58’5
7S’0
77’0
24-0
48-1
78-0
83-0
57’3
82-0
90-0
4P0
63-9
80-3
40*3
62-8
92’0
40-0
60-0
930
47’0
08’O
OO’O
57’0
71’0
49’0
59'5
81’0
35*0
50-5
79-9
379
00-1
78’0
45’0
63’4
....
81-9
398
67-5
83 0
48*0
721
82’2
581
76’4
BB’O
59’fl
73’5
St Ima—
Highest
Lowest
Average
088
—
....
Auburn—
Highest
Lowest
Highest
Lowest
Average
Shreveport..—
Highest
Lowest.......
19-0
A veraee
53-7
33-0
Grand Cnteau—
Lowest
78-3
27-9
Average
02*0
Highest
80*0
330
55’5
....
65’0
400
05’2
....
74’4
93*0
4»’0
70*4
94’8
73’4
....
....
MISSISSIPPI.
70’O
Lowest
Average
Weldon.—
Highest
Lowest
Average
760
335
54'7
77-0
29'0
545
777
29'7
£81
Highest
Average
Charlotte—
..
Lowest
Average
Highest
Average
Wilson—
Highest
Lowest
Average
Mid. Cape Fear-
72'5
300
5o-8
82-0
36'0
84-2
81*0
81-0
41-3
60'6
39*5
61-3
42-0
460
590
85’5
47-0
08-5
Highest
78’9
35-0
57-1
840
430
645
84-8
44-0
63-7
85’0
44-3
00-2
80’O
47’0
68’3
87'8
573
71 8
91’0
47’0
Ofl’O
52*0
71*4
78-0
30’ 0
56-0
79’0 770
32-0‘ 30-0
53 0. 500
80-0
40-0
6P0
78-0 .82-0
37-0 40-0
55" 0 02-0
82-0
38-0
600
82-0
41-0
030
80’0
87’0
80’O
44’0
600
80’O
48’0
00*0
Highest
Lowest
Average
Greenville—
Lowest
Average
ARKANSAS.
930
.e o-o
68-7
44-0
71-1
211
49 7
76-0
320
47-0
700
29 0
48'3
71'0
21*5
49'3
73-0
270
41'3
76'0
32 5
49'5
73'0
38'0
517
81-0
36*0
53-3
80'5
37-5
53-4
89*0
425
65-8
86'5
47-0
630
44’0
Lowest
61-4
75-0
17'8
513
76-5
305
47*9
73-0
25'5
49'4
75'0
23-0
53 4
740
26'0
46'6
76'0
30-2
53-6
81-8
38 4
57'3
82'0
34 0
59 0
83-0
360
60-8
88-5
09-3
85’5
40-5
68'4
87'0
45’0
05-3
Average
Helena—
Highest
830
290
550
840
340
57‘0
850
43-0
580
85-0
360
630
800
370
60 0
86’0
570
690
88’5
50’it
66*2
800
530
710
86-0
50’0
09’9
78’0
28-5
534
76*0
270
61-8
780
315
50-7
78-0
230
473
71'0
19'0
46'5
725
270
50-7
70*0
20-0
473
77'0
15 0
57-9
82*0
25-0
54'2
75*0
35*0
570
72-0
250
43'3
820
32-0
52-0
770
28'0
473
79-0
32-0
542
78-0'
80-0
28-0
48-5
280
58-0
88-0
34'0
60'6
85-5
37-7
69*3
860
37*0
59*9
84-0
85’0
41-0
01-8
>8-0
60-8
88*0
50-0
74-3
...i
80-0
260
570
....
.
.
.
.
85oj
80’O
32-0
00-0
....
....
....
I
40-0:
030
46’0: 54*0
64’0i 73’0
-
^
,
t
.
,
....
,
.
.
....
as-o
53’0
72’0
•
•
•
»
...»
....
....
....
Little Rock.—
85-0
34-0
55’3
79-0
260
483
44'0
680
*
79-6
35-2
60-0
84'0
32'0
56-5
40'0
•
80-0
3.*0
59'2
82'0
36-0
55-2
87’0
90’O
*. •
83-1
28-2
540
76'0
32 0
£00
783
80’0
54’0
70’0
79-5
23-0
74-0
22'0
43'5
90’0
•18'0
65-0
890
43’0
67’0
56-0
77*0
160
496
91-0
j
79’0
33 0
62’0
.
Average
72'0
24'0
45-5
700
8-o
46 5
t
■
...
Lowest
760
26-0
46-6
Murphy—
Lowest
<<■»**
Vicksburg—
74-0
190
483
Kitty Hawk—
Lowest.
32-0
54 0
....
Highest
75-4
28-8
565
Highest
.
FLORIDA.
Jacksonville.—
Bmokhaven—
75'0
23'3
50'3
Wilmington.—
86-4
43-5
633
8601
53-8; 62-0
Average
Average
.
Lowest.
Average
74-0’ 85-0
36’0. 40-0
812
340
598
Aiken—
Highest
Higbest
1884, 1883.11882.
Columbus.—
:
Highest..
78-0
32-0
573
30-0!
Lowest
i?f
May.
1883.j 1852. j 1684.11883. 1882,
Lowest
from reports
are
April.
Highest
-
New Orleans.—
thermometer record
1884.
S. CAROLINA
the results
by the Signal Service Bureau wherever they
have stations in the South, but elsewhere
they are data
from our own correspondents, which have been
largely in¬
creased in number
during the past year.
Marclu
1884. 1883. 1882
Average
LOUISIANA.
us
February.
Thermometer.
in other
ITol. xxrvra.
!
Tennessee.—The
CHRONICLE*
Highest
Lowest
Average
70-0
18-0
44-0
70’0
17-0
48-0
74*0
27’0
450
74’0
20’0
48-0
73-0
300
83-0
48-0
55-0' 57-0
76-0
10-0
432
70*0 76*0
8-01 16-0
78-0
20’0
50-5
760
22-0
49*0
84*0 84*0;
29-0! 270
58’2 573
Mount Ida.—
Highest...
.
Lowest
Average
Pine
.
..
74*0
19-0
48’0
40"7‘ 502
V.
78-0
300
51-0
„..t
*
t
r
>
e
„
0
38-0,
r
(
t
.
78-0
360
80-0
34 0
6P0
j
S2’0
4P0
00-0
85’0
41’0
01-0,
84-0
32-0
560
84 0
340
02’0
„
t
,
72-0
18-0
48-0
....
.....
.
*
.*T
e
-
T
-
80-0
28-0
....
520
•
*
*
Newport—
Highest
Lowest
A verage
80*0
20’0
500
e *
*
♦
.
.
-
•
....
Fort Smith—
Highest. •••••
Lowest
A ver%trpi
•
....
•
•
•
....
80-0
20’0
51*0
82*8
23 5
521
r
*
t
f
.
,
♦
-
*
t
♦
#
*
,
9 **
-
*
*
T
....
....
800
37*0
50’O
84’0
24’0
45-0
880
35 7
57*0
80’O
48*0
650
840
86’0
48’0
400
07’0
80*
38'
66*0
.
.
-
65’5
84’0
54’0
84’0
T
Bluff—
Highest.
Lowest.
Average
84’0
46’0
06’O
«
....
...
....
....
•
....
.
f
....
...
....
..
....
....
„
#
9
.
• •••
•
• •
•
• •• •
• •••
••
....
650
480
000
91*0
460
08*2
.
...
»
.
•••
.
•
*
•
MM
....
...
.
....
•
•••
....
.•••
• •••
•••
• •••
•
....
....
1884. 1883. 1882. 1884. 1883.
Nashville.—
Highest
Lowest
762
19*4
517
49*1
27*0
26*8
52*7
70-0
1 0
463
71-0
78*0
21*0
44*0
9'8
46-0
Average
44*6
!
1
Average
j
87*5
34*7
60S
81*7 81'5
325 ! 34*1
54-8 563
71*7
25*5
40*8
Highest
Average
....
""Highest
490
67*1
88-0
36 9
62*0
88-0
52*0
69-9
89*0 88*0
400 42-0
64*5 ! 60*0
86-0
30-0
61*8
83-0
42 0
08 8
86*0
525
77*0 72*0
25* 0 30 0
45*0 ; 55*5
76*0
25*0
51*7
70*0
25*0
47*2
80*0
32*0
55-0
82*0
34 0
57-0
86*0
320
61*2
74*0
2S-0
73*0
22*0
49* 0
66-0
76-0
32*0
530
82*0
320
55*7
900
51*1
23 0
,
444
3 V(]
58*3 I
1
|
Qalveston.—
Highest
Lowest
Average
Indianola.—
Highest
Lowest
Average
Pal’stine.—
Highest
Lowest
'
87-4
44-1
85*7
57-1
677
67*5
! 71-3
800
81*8
60 4
79 0
34*0
57-7
84 0
340
6l*5
82*3
38 4
62-1
87*5
82*0
35 0
624
890
350
66*4
8'V5
90-5
40-5
48-5
00*8
780
17-0
44*8
85*0
180
49*8
86-0
2-vO
5f9
78*7
43*5
65*3
78‘5
33*2
65*7
73*0
35*0
430
79-0
2S*0
eo-2
,
81*1
38 9
77*1
21*5
54*0
55*3
46-0
Average
52-9
77*5
13-5
48*4
New Ulm.—
Highest
Lowest
80 0
88*0
82 0
22-0! 14*0
50-3 52 6
370
620
8-1*0
33-5
634
74-2
1-5
352
72*0
13*0
41*6
80*0
16*5
45*5
775
17*6
Average
Xl/fl' L/lttvo
Highest
Lowest
.
...
31*7l
Lowest
Average
62*4
850
010
75*0
87*0
62-0
752
869
48*0
73 1
88*2
50-0
754
91-0
623
10 2
90-0
000
75*8
86-5
43-5
73*0
84-9
520
09*5
900
51*5
72-8
860
50-0
695
91*0
400
11-2
9V0
53-5
72‘2
93-5
51*5
736
91*0
5S*0
734
92*0
24*0
55*2
89-6
36 0
01-5
88*0
89-0
90-0
03*0
59-1
0; 5:<*0
70-61 72 5
59
48-4 ;
67-2
1
44*0
66-0
65*0
90-0
28-0
55-8
.
.
•
•
•
84*0
28'0
57*2
.
.
•
•
....
yo*o|
....
....
....
60-0!
....
....
•
•
.
•
•
•
.
10-0
472
Lowest
Average
Austin—
Highest
*
*
’
*
....
•
....
Lowest
79*0
30 0
56 9
....
.
....
84-0!
.
.
34-0
84*0
320
6'<2’o
•
M
....
....
.
.
....
60*5!
•
....
84-0:
....
....
•
•
•
....
41*5
66*3
....
....
....
....
920
•
....
49-0
...;
.
.
.
.
.
.
•
.
.
....
•
•
.
•
•
.
.
•
73*9
....
,
.
5*01
0*92
0
7
549
7*24
14
8*71
10
4*78
11
5*85
3 16
10
10
0
7*06
18
3*28
12
Days of rain.
Kitty Hawk—
432
15
2*87
11
4*83
,0
9*17
18
Rainfall, in..
Days of rain.
6*43
5*47
13
5*35
12
9* 19
15
,1
Charlotte—
Rainfall, in..
Days of rain.
Murphy—
Rainfall, in..
14
.
11
7*40 11*80
18
10
6-60
Rainfall, in.. 4-60
12
Days of rain.
Mid.Cape Fear-,
Rainfall, in..j 4-70
9
Days of rain.'
2*23
10
303
8
9*86
17
3*64
3*33
8*15 1212
15
7
Davs of rain.
Wilson—
12
9
9
5*45
14
6*40
12
3*42
9
4*20
8
Rainfall, in..
9*03
Davs of rain.
15
9-S€
10
....
8partanburg—
6’03
13
Rainfall, in..
Days of rain.
0
5
13
4 OU
4 o4
o ow
13
10
9
Rainfall, in..
4-00
Days of rain.
9
Fort Smith
8*68
16
....
„.
..
G
10
....
Rainfall, in..
Days of rain.
...
•
....
•..
7*65
12
•
....
....
3-08
....
6
Stateburg—
.
3-29
Rainfall, in..
Days of r.iin.
10
1*18
8
205
9
....
...
....
...j 3*13
4*40
....
6
3*53
334
305
3-66
14
12
8
11
6*97
18
317
6*80
3-68
14
12
11
4-39
7
3-68
9 -
■
-.
*
6
r
417
9
Augusta.—
Rainfall, in..
Days of rain.
8-98
1*49
10
10
Atlanta.—
3*95
12
i
Rainfall, in..
Days of rain.
534
16
1*95
7
8*91
11
9*70
Rainfall, in..
Days of rain.
Columbus.—
Rainfall, in..
Days of rain.
344
2*34
4*91
13
4*19
11
0*78
12
331
11
9
10
3*49
2*70
3
8*03 12*95
5
8
4*15
5
9*31
5*19 1055
13
4*76
8
5*26
2*45
8
2451
Macon.—
Rainfall. In
5
19
!
.
2*47
11
7
2*92 1*33
8 ! 13
:i*52
14
7-77
9
3'7S
3*92
2*04'
13
11
12
T
T
1-24
8
3-70
!
9
254
5
5
1*22
8
5-22'
4*59*
1-26
3-50, 243
3
3*40
8
5*17
9
2-00
6*97
8
5*72
8
3*62
8
4*93
9*59
y
9
4*38:
H |
8
!
0
1-60
7
6
•
.
Days of rain.
Rome.—
Rainfall, in
Days of rain.
Forsyth.—
Rainfall, in..
Days of rain.
3*12
2*00
6
6
5'82
8
4*87
7
2*72
8
2*40
6
7*10
9
7*79
12
7*89 11*93
14
.
.
.
.
1
8
4*19 10*46
9
14
AndersonviUe—
Rainfall, in..
Days of rain.
•
•
.
i
2*05
8
1*47
2-22
1*20
5
1
1*72
o
294
4
3-67
0
2*75
5
302
9
Days of rain.
Keys.—
Rainfall, in..
Days of rain.
12
0*48
9
1*06
4
2*63
11
1*56
11
004
2
1*02
4
2*21
9
2*45
3 84
0*89
10.
4
Cedar
Archer—
Rainfall, in..
Days of rain.
2-60
5
6
6
6*84
5
....
Days of rain.
2*32
7
4*48
10
5*23! 5*45
10 |
12
3161
8
2*?0
13
3*58
7
4*12
11
300
10
1*96
8
1-97
7
1*71
10
i
::::
....
::::
377
4
2*00
in
9*27
>3
9*50
15
361
6*82
T4
3-08
13
8*16
18
5*03
11
•
•
•
....
....
4*79
7*34
11
19
9*04
8-09
18
992
17
5*08
15
4*43
12
910
20
8*60
20
15
4*00
17
3*56
13
0-40
14
6*55
13
9*14
10
7*30
12
7*00
14
7-30
13
0*10
12
3*10
0
8-15
13
6*00
9
010
8
3*80
9
3*90
7
5*10
9*80
7
13
7*95
7
8*20
14
4*42
8
8*90
10
2*10
8*60
3*91
8*40
10
4*81
12
3-47
5
5
7
15
0*83
14
842
13
0*01
3*75
10
8
1*26
7*94
12
3*59
0*58
10
342 17*25
16
14
2*85
2*94 15*25
13
6
3*07 12*25
7
5
.1
_
„
J
Days of rain.
4*84
13
4*93
11
1-58
15
5*55
7
1-20
10
004
9
0*81
17
1*01
14
1*91
10
5*38
8
2-30
12
1*96
1*99
12
2*47
4*01
17
0*23
3
3*62
11
5*35
12
2*37
7*30
15
3*53
7
4*80 13*13
5
6
481
4*68
2*54
6
10
5
004
3
0-53
7
Rainfall, In..
Days of rain.
11
New Ulm—
Rainfall, in..
Days of rain.
Fort Elliot—
2-58
7
4*31 10*94
11
18 1
0-27
0*53
i
Rainfall, in..
Days ot rain.
1
3
Rainfall, in..
Days of rain.
Clarksville—
Rainfall, in..
Days of rain.
412
8
0-34
3
3
i
13
...»
....
....
....
.
.
.
.
Rainfall, in..
Days of rain.
*
*
*
8
|
.’
....!
1
*
....
«...
....
11
j
1 *08'
2
3-04
10
8
j
|
0*00
0
0*82
0
....
....
0
7*50
14
8
7*48
4*50
029
10
5
5*03
8
1
....
....
15
....
....
1
1
....
....
6*25
2*98
..
.
8
?
010’
5
10*38'
....
8
....
4*45
8 1
•H
....
....
....
8-65
17 |
.
•
•
«...
....
7*78
8 l
...
....
9*53
12
7*85
11
•••
....
•
....
••••
....
....
foregoing facts furnish sufficient data from which
draw intelligent conclusions upon the points covered by
report.
may be briefly stated as follows:
First.—As already remarked, an inclination
They
cotton acreage
The
same
is apparent throughout the
condition
South this year
obvious last year
was
2*62
2*94
13
9
10
It may
also.
( 1) The ability to enlarge cultivation is
never so universal after a small crop as after a large one,
men’s desires
and of course the ways and means control
for this.
except where credit is good. (2) Southern
well as Southern merchants and bankers, are
planters, as
of late rapon
the one
idly developing prudence.
and more
hand by the fact that cotton is becoming more
a surplus
crop, food and divers other products gaining
LoTrinnr
1*18
enlarge
to
the results we
surprise the reader therefore, to find that
SO
give to-day in that particular show the growth to be
a year
much less than the percentage of increase given
There are several
pei cent.
ao:o when it reached 5*18
credit is not
1-55
5
ALABAMA.
Montgomery.—
Rainfall, In.. 4*80
Day8 Of rffir „ T9
•
....
370
8
...
....
4*50
6
11
increased attention;
4*72
10
2 45
3
5*83
6
214
Madison—
Rainfall, in..
14
This is indicated
FLORIDA.
Jacksonville.—
Rainfall, in..
*
2-62
....’*
5*57
13
reasons
4
1-27
6
4*17
5
7*52
9
3*18
5
•
.
-
1
....
t
CONCLUSIONS.
C
3-99'
8*21
6
-
1*15
17
this
-....
8
3
5
3*58
.J
4-77,1
5*02 10*88
5
2 25
..
14
to
J
#...
6*29
13
5*86
,
3 55
13
Cleburne—
!
■
15*74
9
The
9
j
0*20
10
9
•
0*89
7
3*94 16*53
13
10
15
Palestine—
....
••
Rainfall, in..
Rainfall, In..
Days of rain.
....j
397
8
•
9*1.0
Indianola.—
I 0x5
8
■
•
12
Austin—
3*05
GEORGIA.
•
3*51
-
Rainfall, In
i
Aiken—
Rainfall, in..
Days of rain.
1
...i
....
•
....
9
9*30
15
Ashwood—
2*30
Columbia—
5
3 94
15
308
7
10
11*31
....
8*95
8-89
20
6-00
8
....
315
5
8-5S
14
5*46
10
555
11
8*90
9
7-89
18
0-00
7
4-61
8*75
10
8*30
12
7
8*18
27
4*02
13
5
9*05
•
’
1*50
5
|
3*:o
0
8*00
•
2-28
10
....
....
TENNESSEE.
Nashville.—
Rainfall, in..
]
Tol
0
-
Rainfall, in..
Days of rain.
13
b
0*30
1
t
2*05
3
2*72:
216
....
0
3*43
7
3*22
15
12
544 11*76
13
515
....
8*92
12 I
....
1*39
8
04/
6-99
14
•
....
2*05 1025 10*80 12*45
13
9
9
8
5*93' 4*84
12
447
12
•
5
0*20
9
Austin—
.
1 uy
U \j£
10
Day8 of rain.
3*97
8*30
11
11
Rainfall, in..
Days of rain
c-no
1*93
6
2*55
6*05
10
]
9 24
i «
3*10
6
2*22
17
4*50
8
0*67
9
6*22
4-90
8
7*70
15
7 37 13*60
io !
7
....
8‘
5* SO 10-80
10
12
1-75
9
'
Charleston—
7-48
9
•
•
...
17
5*03
10
4*92
452
10 |
4*90
4*52
8
8*40
10
8*78
15
4*59
14
14*03
11
0
6*46 10*58
17
13
600
10
5*30
8
4*59
8
4-00
7
1*80
7
9*45
13
1*40
4*45
10
3*11
13
6
13
5*44 14*47
12
13
6-00
6*45 12*52
11
12
2*91
i
8. CAROLINA
•
•
4*25
8
191
0*83
11
0
i
Newport—
....
1
|
4*88! 1337
9
7 !
1*05 11-00
3
8
1*85 12*35
12
3
Galveston.—
j
5*30
10
5-00
5
140
11
1
9-40
12
270
8
4*79
10
5*40
8
3*61
11
7-41
11
3*70
8
2*88
10
3*79
7
3*19
10
9
654
336
6
8-29
14
Davs of rain.
.
...
4
8*05
10
.
Davs of rain.
Weldon.Rainfall, in..
7*15
14
7*48
4*83
12
7*09
6-70
10
6*49
17
S*78
0-73
10
10
8*27
6*28
H
6*07
15
5*40
10
Rainfall, in..
6*79
8
1*92
9
10
6
6
Days of rain.
TEXAS.
1*99
9
2*09
12
14
5*41
18
5-62
....
3-09
14
2-88
6
8-80
16
1*95
8
4*33
jl
9*14!
10
5*87
2*27
3*33
5"82'
5
5*97
10
9
5*01
15
3*84
11
6*48 14-20 '4*83
12
15
7 !
12
,
4*77
10
4*06
2*45
12
9*13
18
11
1020
13
3*62
8
2*50
n
3*23
17
3*58
12
205
3
2-45
0
4
-
1*25
9*76
12
3*84
11
0*31
4
•
Days of rain.
'
4*39
4-S4
6
2*97 12-82
!
13
Rainfall, in.. 10*73
15
Days ot- rain.
Pine Bluff—
Rainfall, in.. 8*72
-
4-53
18
4
2*56
4'
I.
10 !
8*24
Rainfall, in..
Days of rain.
1884. 1883. 1882.
1884. 1883. 1882. 1884. 1883. 1882. 1884. 1883. 1882.
VIRGINIA.
Norfolk.—
Rainfall, in..
Days of rain.
N. CAR’LINA.
Wilmington—
Rainfall, in..
8
4-04
11
Memphis.—
Rainfall.
9*2S
'
5
5
1*27
10
10
10
2-01
6*00
5
8-84
8
Mount Ida—
May.
April
March.
1*18
6
1*59
Days of rain.
February.
5*13
7
8*18
8
6*78
ARKANSAS.
June 1st.
on
8
2*07
3*16
10
Little Hock.—
is
dition of the fields
8*51
12
0
.
Rainfall, in..
nothing to add with regard to the rainfall
statement, except that it explains the reason for the conThere
8*48
•
Greenville—
....
....
9*92
11
9*19
2*58
1884. 1883. 1S82.
7*25
13
i
Helena—
83*0
50" 0
69-0
....
'
:
9
7
2*47
7
2*40 11*30 1007
11
10
8
4*20
10
Rainfall, in..
Days ot rain.
I
75-0
Highest
i
5
i
Brookhaven—
■
Clarksville-
7
Days of rain.
Vicksburg.—
Rainfall, in..
Days of rain.
as-o
92*0
40-0
08*3 I
....
n
i
7*15 1 5*19
917 I 3*50
i
593 10*11
0
14
1*07
2
6*79
In..
Days of rain.
,
5*35 i
8
4*21 ! 5*131 5*54
7
! 11
10 1
13
;
Columbus.—
Rainfall, in.. 11-51
•
i
78-0
10-9
47-1
Highest
Average..
70*0
10*0
42-0
!
Days of rain.
Shreveport.—
Rainfall, in..
Days Of rain.
Grand Coteau—
Rainfall, in..
Days of rain.
MISSISSIPPI.
84*4
59 7
759
82*5
77-8
41*3
64*0
63*1
75*0
12
New Orleans.—
Rainfall, in..
l
84*0
81*0
78*0
74-0
3H-0
1
79*0
44-0
67*8
77*3
41*2
04*8
75*0
28-5
60-4
5*70
8
Rainfall, in..
Days of rain.
LOUISIANA.
84*0
42 0
659
|
12 I
Auburn—
!
420
06*0
6*48
1
Days of rain.
1
TEa as*
Average
Cleburne—
90*0
410
633
,
1
4*54111*53
i
j
Spr'gs—
Selma—
Rd Infal I,
7
11
Rainfall, in..
Days of rain.
68*4
410
68*4
88*0
30 0
63 4
880
40*5
59*5
4‘0
Greene
87*0
83-0
471
Average
42*4
66*3
48-4
68*3
'
—
81*4
41*5
86-8
54 3
09 6
19-0
as-o
o7‘4
75*0
85*8
87*8
84*1
365
61-6
74*0
290
49*3
79-0
21*0 i
44*1
72*7
18-5
! 47-9
Highest
Lowest
Ashivood
72*3
25*2
77*4
21*6
71-9
!
3*63
5*01
Rainfall, in..
Days of rain.
May
April. '
March.
'1884. 11883. 11882. 11884.11883. 1882
1884. 1883. r18S2.
Mobile.—
f
TENNESSEE.
Memphis.—
Rainfall.
1884. 1883. 1882. 1884. 1883. 1882.
|1882.
j
February.
May
A pril.
March.
February.
Thermometer.
727
THE CHRONICLE.
1884.]
June 21,
nearly
mnnov
on
as
the other hand making cotton
popular
lr»nn
•
as
THpna
on
it once was among those
lilrp
rooted
Georgia in
t.ViPQA ffl.irlv
necessarily grow. The Atlantic States,
of such
particular, first illustrated the wisdom
a
policy,
728
and
although there is still very great room for
improvement, the prudential element has a wider devel¬
opment this year than ever before.
(3.) Finally, the
acreage has been lessened somewhat by the floods in the
Southwest; had it not been for them the percentage would
have been a little larger.
These influences have together
tended
(3)Conditon
THE CHRONICLE.
restrict this year
to
IVoi. XXXVIII.
of Arkansas
most
dition.
and Tennessee
are
also in good
Louisiana, Texas and Western Mississippi
sections which have fared worst, the rains
work and the floods
making in many
con¬
are
the
interfering with
instances re-planting
Since the last of May, however, even in those
necessary.
sections, there has been a steady progress towards
recovery.
of the plant now is, therefore, with local
exceptions, good to very good in the Atlantic States, in
Alabama, in eastern Mississippi, Tennessee and Arkansas.
Elsewhere it is impossible at this
writing to speak defin¬
itely. With such conditions as have for instance sur¬
rounded the crop in Texas,
everything depends upon future
weather.
A drought could do
great harm to a plant the
early life of which has been passed amid such excessive rains
the disposition to put in more
nearly the equivalent of
money than any other crop, and as Southern soil and
climate are peculiarly adapted to its
growth, there can be
no permanent check to its cultivation
;—it will go on de¬
veloping in the future as in the past, concurrently with the
growth of the world’s consumption of cotton goods. This
year, according to the foregoing analysis of the States, the
changes in acreage have been as follows:
And yet it should be remembered that the rains
were not
continuous, keeping the ground everywhere saturated, but
Estimated for 1881.
A or (aye,
States.
marvelous showers, in one case a fail of between five and
six
1883.
!
Acres,
inches
Increase.
Decrease.
being measured in a few hours. These storms of course
1884.
are
North Carolina
1,072,000
largely destructive, but not in the way that uninter¬
1,072,000
South Caroliua
1,054,000 2 per cent. ;
1,(587,000 rupted, wet sultry weather is.
We should say that a favor¬
Georgia
2,977,000 1 per cent. ;
3,007,000
able
result
is
Florida
possible even yet in the Southwest, and that
270,000 3 per cent. |
278,000
Alabama
2,813,000 3 per cent, i
since
the
last
week in May a very material
2,897,000
improvement
Mississippi
2,440,000 2 per cent. 1
2,489,000 has taken
Louisiana
place.
2 per cent.
940,000
921,000
Texas
For the purpose of
3,102,000 5 per cent, i
3,257,000
enabling the reader the more accur¬
Arkansas
1,184,000 4 per cent. ;
1,231,000
ately and readily to compare the early weather conditions
Tennessee
880,000 1 per cent. 1
895,000
Other States & Tei s
111,000!
10 p. cent.
100,000 (that is, the conditions up to the last of June) with previous
Total
17,449,000'2-21 percent, i
Il7.834.000 seasons, we have prepared the following:
This shows an average increase in
1878. Ajiril, like March, was satisfactory for getting in the
crop and
acreage for the whole
securing a good start. May was also generally
South of 2-21 per cent.
extremely
In the opening of this report we
favorable, so that the plant made splendid progress; more rain
have given the total production of each State since 1873-74.
than needed, and a grassy condition of
crop, was reported in a
cotton.
And yet, as cotton is more
•
........
With that table and the above
acreage
becomes of
indicating
use,
table, the following
it does the yield per acre of
as
each State.
1S79.
rounds per acre.
1
Stales.
1
j
182-3. 18 -2. 180-1. 11879-0.
I
l
C5
lGO
l>
CO
iH
187-8. 1876- . 1875-6. 1874-5.
1
North Carolina..
South Caroliua..
198
177
211
197
190
238
230
188
171
127
170
173
169
156
161
140
1S3
Georgia
153
120
149
141
144
146
135
120
122
Florida
99
72
103
101
115
102
110
108
110
203
Alabama
127
94
126
136
121
133
125
146
127
Mississippi
216
167
200
206
179
178
1(56
191
129
Louisiana
260
235
267
2(55
223
249
235
245
199
Texas
240
149
224
167
182
163
198
205
200
Arkansas
Tennessee
288
199
oro
263
244
295
227
251
1S5
199
143
195
207
192
181
152
162
100
194
144
187
180
171
177
169
173
151
Average
Note.—For the purposes of this table we have taken the
average net
weight of bales, which in 1882-5*3 was 4(5 i lbs.; in
18SO-*l, 457 lbs.; 1873-80. 452 lbs.; 1878-70,.445 lbs.; 1881-82, 447 lbs.;
la77-73, 451 lbs.,
and for pre vious years, 410 lbs.
Second.—As
1880.
backward,
cases
so
had to
a
late
The
spring season was cold and
that the seed germinated slowly, in some
be re-planted, and the
plant when started
one.
made slow progress.
1881.
necessary over a wide
18S2.
made
re-planting in that section
Since June 1, the progress
has been quite rapid
everywhere, and now in the Atlantic
States and, in fact,
no
a
backward than it then
portion of the crop is still
more
was.
(2) Cultivation up to June 1 was good to very perfect in
almost all sections except the Southwest.
Development was
slow and rains were not so
frequent as to interfere with
farm work.
In most sections of the Atlantic
States, even
up to this date, the crop may be said to be
doing unusually
well.
Alabama, the eastern
during
May, and too much rain during the same weeks in Texas, Ar¬
kansas, part of Louisiana, and other limited sections, the
weather lias been everywhere
very hot and forcing.
Planting hegnu more than two weeks earlier than last year
came
1883.
up well.
was ch< eked
of
May
was
remarkably cold, and the
during that month, but in general there
rain,
vated and clean.
so that the fields were kept well culti¬
About the 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.
There was great delay, more
especially in the Atlantic States, in
March and April were cold and wet, and
a considerable section.
Altogether, there¬
getting in the seed.
May was dry over
fore, the start
was a
very late one.
The latter part of May
the
surroundings
fields
year
ago, when a similar condition prevailed ; but in the latter
sections a considerable
complaint still
The spring opened fully two weeks later than last
year, tempera
ture everywhere being lower.
April, however, showed a de
cided improvement,
though in the later sections there were
cold turns down to the middle of
April. Since then, with the
exception of a drought of three weeks in Atlantic States
was no excess
area.
special difference in this particular from
the weather 1ms been
generally favorable everywhere, the main
exception being drought in the lower counties of Texas, and at
some other points, and cold
nights in certain sections for about
ten days or more in June.
The spring opened early and the
ground was well prepared.
March and April were, on the
whole, both favorable for farm
work, and May and the first half of June were also favorable.
The main exception to this lias been that in a
portion of the
Gulf States and the
Mississippi Valley there was tpo much rain*
Since the first of June, take the whole cotton section
together,
and the seed
everywhere except in the Southwest,
there is
at the close of month
June, too much rain in parts of all the States,
but especially in the Southwest; otherwise
generally favorable.
March and April were generally favorable for farm
work, but in
the Atlantic States and upper latitudes of other
States, down to
almost the second week of May, the temperature was far
too
low for vegetation,
heavy frost being reported as late as the
4tli and 5th of April. The first half ol
May was also, in some
sections, too cold for the best development, but since that date
growth
In the Southwest the floods have
delayed farm work and
excellent.
is, too much rain.
of the
what is called
sections,'but the general condition
the conditions have been
very satisfactory, except that there
is a small section of the Gulf States where the
to
maturity, cultivation and condition
plant, the conclusions reached are as follows :—
(1) As to maturity, the crop (June 1) was evidently
few
was
were
grew more favorable, and on the first of June the
clean and the condition of the plant was
good, though
still backward.
1884.
Spring
than
was
a
late, but iu tlie Atlantic States
year ago.
Early
progress was,
no more backward
however, slow every¬
where, and cold weather made re-planting necessary in many
cases.
Still, the surroundings tlie middle of June are better
than a year ago in almost all sections
except the Southwest,
where rains and floods have both
prevented work,
considerable area made
re-planting necessary.
and over a
Since the
last week in May the Southwestern conditions have
greatly
improved, and opened up the possibilities of a good season
even
there.
With such
early conditions, the later history of each
portions of Mississippi, the year may be briefly stated as follows:
THE
1834.]
June 21,
729
CHRONICLE.
sound and legitimate, and
that there is little reason to apprehend commercial trouble.
Yield, 5,073,531.
Stand excel- Too much rain Pick’# season good.
This, however, is not the - feeling which exists with regard to
1’iit in most in June, espec-j Yellow fever
in
Stock Exchange and financial affairs.
Money is certainly
States and hilly
in the Mississippi Valle}* Increased crop
very earlv,l Mis’sippi
Val- delayed market- 5-45
per
cent.
cheap,
and
seems
likely
to
remain
at
about
2 per cent; but the
ing.
1878. but grassy ley, but subseinsections,! quent weather Killing frost Oct.
general
public
have
been
too
much
entertained
of late years
especially! generally very 31 to Nov. 12.
In
creas'd
acreage
with
Stock
Picking closed Dec.
Exchange investments, and are now buying very
lower Mis-, favorable,
8 per cent.
1 to 15.
s’sippi Val.
little stock, notwithstanding that prices are so low.
(
A decidedly favorable feature is that the somewhat pro¬
Stand good Season fairly fa¬ Piek’g and matnr’g Yield, 5,757,000
seas’n never bett’f
to very g’d. vorable. In
tracted drought has given place to a copious fall of rain. The
From 7 to Texas b ad Top crop abund’nt
con¬ and matured al-i
14 d’y slate; drought,
country had become somewhat parched, and rain was much
in Atlantic fined in chief most everywhere. Increased crop
wanted for the pastures, the late-sown crops, and also for the
States, p’rt severity to cen¬ Killing frost i:i a ,o.4wr(lpilt
limited sect’ll Oct.i
4
^er
ceut*
tral
of
belt
of
and
Ala.
root crops.
1879.
The dry weather suited the wheat plant im¬
counties and 20 to 24. Killing;
a less part
mensely, and it was generally reported that that crop never
of Miss.1 region west of frost more general
about Nov. 20.
Elsewhere.; Brazos.
lIncreas.d acre
looked better.
On the other hand, nearly all the other crops
iPicking closed Dec.1
as forward j
9*0 per cent.
!
15
to
24.
had depreciated from want of rain ; but the generous rain¬
as prev. yr. j
fall, if followed by the warm sunshine, which we look for¬
Yield, 6,539,329
Very good Complaints of ! Picking season extivmely
rainy
and
too
rain
much
ward to in June, cannot but add largely to the agricultural
and early |
Southwest | cold; never worse.
almost ev¬ in
Increased crop
wealth of the country. The prospect of a continuance of
erywhere;: more espec’lly ! Killing frosts gen
too much in July. Also eral from Nov. 5 14*4 per cent.
reasonable prices for food is again a substantial one, and one
1880. rain in a caterpillars in ! to Nov. 27.
which
should give encouragement to trade ; but of late the
small sec-j Texas, Louisi¬ Picking closed gen¬
tionofGulf ana, Miss, and erally subsequent Increas'd acreage influence has been a negative one—that is to say, although no
Ala., without to Jan. 1.
States.
11-7 per cent.
much damage.
activity has been produced, any serious relapse has been
prevented. Cheap food and cheap money have, therefore,
Yield, 5,435,845
Stand late Great drought Picking season exexercised a considerable, if not a powerful, influence, and
and
extreme;
hot
and
treineiy
ev’ywhere
b u t wit h high tempera-! generally dry. Decreased crop
have tended to raise our commerce from a position of some
1881. April, con- t’re all thro ugh'Killing frosts from 17-5 per cent.
ditns turn¬ the summer ini Nov. 4 to Nov. 25.
anxiety to one of comparative confidence.
ed fav.only the larger por-,Picking clos’d from Increas'd acreage
The Bank of England return is less satisfactory, the demand
of the Nov. 20 to Dec. 20.
too dry A tiou
4-51 per cent.
hot in June South.
for gold coin having been considerable, owing to the Canadian
demand (which has absorbed £200,000) to the holiday require¬
Is
j *
Stand good Season favora- Picking season gen- Yield, 6,992,234.
ments
and to the payment of Government salaries. The result
but
some- nm
+, n
11 fr],
a o u
m., t
n
W’hat back there were at erally yeiy favor.
has been that the proportion of reserve to liabilities, which was
w’rd,owing
last week rather more than 48 per cent, is reduced to 46*73 per
to cold Apr times co m- able. Killing frosts Increased crop,
& early M’y
cent.
The comparison is, however, with 35*75 per cent last
1882. but subse-j plaints of too Nov.13 to 30. Pick- 28-6 per cent,
qu’nt warm uiucli rain and
year, and an improvement of as much as 11 per cent is
seasonable at other times ing closed about
!
therefore indicated. The decrease in the supply of bullion
w e at her
of drought in
Dec. 31.
Decreas'd acreage
c a u s e d
amounts to £631,503, and there is an increase of £336,755 in
portions of the
very rapid
i
1-55 per cent.
South.
the note circulation.
The falling off in the total reserve is
imp’vem’t.;
£968,258.
The
supply
of
gold held by the Bank is now £24,Yield, 5,850,000,
Stand late Great drought; Picking season genexcellent
507,463, against £20,826,982; while the total reserve is
estimated.
b u t fair y and exees-ive erally
good June temperature in j for gathering in
£14,583,758, against £10,943,667 in 1883.
Decreased crop,
1.
Exces¬ Texas all sum- the crop,
S a m e» Killing frost Nov. 1
The Clearing-House return on the last settling day on the
sive June m e r.
1883.
conditions! to Dec. 1.
16-3 per cent.
ra ins in
Stock Exchange shows total clearings to the extent of only
Atlantic elsewhere only, Picking closed
States and in mos t cases J about Nov. 15 to Increas’d acreage
£40,962,000, against £57,472,000 on the corresponding day last
°
less prolong’d.1 Dec. o.
some other
I
5-18 per cent.
sections.
I
year—showing a decrease of as much as £16,510,000. This
falling off may be attributed in the main to a diminution in
Stock Exchange business, and it fully accounts for the com¬
plaints which are made.
BATES OF EXCHANGE AT LONDON AND ON LONDON
Without being active, the money market, both as regards
AT LATEST DATES.
loans and discounts, may be considered to have been rather
EXCHANGE AT LOUDON- Jane 6. 1 EXCHANGE ON LONDON.
firm during the week.
There has been no distinct tendency,
Latest
Rate.
Time.
and
nothing
has
transpired
to produce an effect. There is no
Rate.
Date.
Time.
OnI
;Year.
Stand,
certain that the business doing is
Tear's results.
Sept, to Dee.
July to Sept.
j
:
.
n
.
.
«
,
Hl0actatajl©crmmerctat ^ugttsh iieuis
Jane
Amsterdam
Short. 122*3 ® 12"313 j
Amsterdam. 3 mos. 1243s @12*478 i
20-62 @ 20-66 ; June
Hamburg...
@20-66 : June
20-62
Berlin
J une
20*62 @20-66
Frankfort...
@12*40 i .1 une
12-35
Vienna
25*43%® 25*46% j J une
Antwerp.....
25-37*2 rt>25*42 *3 J une
Paris
June
Paris
1 Checksj 2 5 * 18 % @ 2 5" 2 3 %1
2391(,@2358
I ! June
St. Petersb’g! 3 mos.
25*42 hj a> 25*47 *3! !
Genoa
|"
“
Short.
12-11*3
6 Short.
6!
“
20-47
20-041-2
20-45
6
expectation of any great change taking place in either direc¬
tion.
At this period last year the rate was 4 per cent. The
discount houses yesterday advanced their rates of interest for
deposits one half per cent.
The following are the quotations for money and the interest
allowed by the discount houses to-day and same day of the
previous five weeks:
.
.
4612@465.s
“
Madrid
Cadiz
Lisbon
|
;
Alexandria..;
Const ant’ple!
461e @465s
52Js 3>523i0
“
“
—
....
New York... Oodays
Bombay.. ..I
Calcutta
!
Hong Kong,.j
Shanghai ...!
..
.
“
“
48% 'MO
is. 7Vt.
Is.
7584.
j
!
.
.
6i
“
61
“
6
6 Checks
6
3 mos.
12*24
20*36
25-20 *3
25-22
24 00
.
3
June
mos.
47*50
4
3 mos.
6;
“
June
6 Cables.
June
June
J line
J une
6|
4<
61
“
5; 4 mos.
5!
“
97%
109-75
4-86%
IS. 7253od.
Trade Bills.
Bank Bills.
LovAon
Joint
£
IS. 734.t.
3s. 87s'L
5s. l7bd.
2 2W'\'*@IK< W3 -1» 2 Q2H VX&2W
9 24
2>43> - 2 @2'4
16 2W
23 2>* l~m2
2 &2Vti'2-43 — 2'A®2W
2 CA'A 214A2A 2H32’i
30 2h
June 0 2h, 2 @ - 2143 ~ 243
“
correspondent. J
Saturday, June 7, 1884.
“
London,
this
and in
Partly in consequence of the holidays, which are at
period of the year very popular in the north of England
Scotland, business, both commercially and financially,
Vi
Vi
Vi
2 &2W 2J^<*3
2*@2%
214®2H'2'H®V4
2A32K 21TA4
2W32%
'
Days.
1
V4-V4
1
VA-14
1
V4-V4
1
V4-VA
V4-V4
Vi
1
Vi
V/p\%A%
following return shows the present position of the
England, the Bank rate of discount, the price of
consols, the average quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair 2d quality,
and the Clearing House return for the past week, compared
The
Bank of
has
quiet during the past week, and no features of an
encouraging nature have presented themselves. The wool
trade has shown fair signs of buoyancy, but all other depart¬
ments of our commerce have been exceedingly quiet.
The
unfortunate position is that the prospects of improvement are
decidedly remote. Not only are manufacturers and the whole¬
sale houses operating with great caution, but the public gen¬
erally are exceedingly careful, and are buying strictly to sup¬
ply actual wants. This careful policy on the part of con¬
sumers naturally restricts the wholesale trade: but it is quite
-
7 to 14
At
Banks. Call.
Months
V43214 2 (PAW 2W3*
May
Disc't ITse.
Stock
! Three j Four
| Months Months Months Months Months
“
been very
for deposits by
c
June
June
“
[ From our own
Interest allowed
Open market rates.
with
previous years:
1883.
£
£
25,673.705
8.891,181
Public deposits
22,137,139
Other deposits
Governin'! securities. 12.501,9 L9
21.737.571
Other securities
Re8’veof notes & coin 14,583,758
Coin and bullion in
both departments.. 24,507,463
Circulation
'
1884.
25,633,315
7,725,622
22,7<i8,785
13,834.92 1
23.467.703
10,943,667
1881.
1882.
£
25.989,675
.6,921
23,206,33
13,771,159
20,775.43 5
12,902 233
6.2
20,826,982 23,141,903-
£
26,899,170
7,449,160
2
4.152.991
14,907.151
19.786,366
14,752.939
23,902,159
THE CHRONICLE
730
1884.
1883.
£
£
Proportion of reserve
to liabilities
Bank rate
16*73
2% p. c.
Consols
xdl0u%
Eng. wheat,
price
av.
37s. 7d.
1882.
1881.
£
46^8
2% p. o
102*9
43s. 10.1
£
43%
■
,
35%
4 p. o.
xd'.OO3*
43s. 5tl.
3 p. c.
xdL*;0%
47s. 7d.
Mid. Upland cotton..
6%d.
6i%<jd.
5%'i.
No. 40 mule twist
10%d.
97sd.
lod.
Clearing-House ret’n. 121,052,000 107,035.000 100,780,000
The Bank rate of discount and open
chief Continental cities now and for the
have been
as
5’*5i«?rt
978(i
kets of
England and Wales during the first 40 weeks of the
season, together with the average prices realized, compared
with 150 markets in previous seasons.
During the latter part
of last season, statistics were collected from the larger number
of
markets;
BALES.
93,262,000
market rates at !the
previous three weeks
follows:
June
1883-4.
Wheat
Barley
Oats
Open
Bank
Open
Bank
Open
Bank
Open
Rate.
Market
Rate.
Market
Rate.
Market
Rate.
Market
3
3
4
3
2H
2%
2%
2H
2%
2H
5
5
5
5
3%
4,
2%
4
3H
0
0
0
0
0
0
4
3%
4
3%
—
—
Amsterdam
3
Brussels
3
2H
3
2H
2%
2H
2%
2H
2H
Madrid
5
5
5
Vienna
4
3%
4
St.
0
0
4
4
Frankfort
2U
2%
2%
2%
—
Hamburg
—
Petersburg..
Copenhagen.
4
—
—
3
■3
4
—
—
.
3
3
2%
4
8
2Ji
3H
2H
2H
2%
5
—
—
3
In reference to the state of the bullion market
during the
:
Gold has beea in strong demand during the week, but the arrivals have
been extremely limited, the total imported being £5,730 from Brazil
and Australia. The “Moselle” takes £10,000 to the West Indies aud
the P. & O. S 8. “Mirzapore” £35.000 to Bombay. £130,0U0 have been
withdrawn from tbe Bank of England, of which £100,000 are for Canada
via New York, and tbe rest is for South America. The “ Pesliawur,”
sailing to day, takes £7,000 to Bombay aud £10,0 JO to Calcutta.
Silver.—Business has been limited, and the price has been maintained
in the absence of largo arrivals at 50 13-160., at which rate the specie
ex “ Delambre,” Ac., was tixed.
To-day, however, with a Continental
Inquiry, business has been done at 507sd., and we give this as the quo¬
tation.
The arrivals are £22,380 from the River Platte and £21,200
from New York. The “Moselle” takes £10,000 to the West Indies; the
“Mirzapore” £77,800 to Bombay aud £15,000 to Calcutta. The
“Pesbawur.” sailing to-day takes £32,000 to Bombay.
Mexican Dollars are steady at 49 13-16d., and as supplies are scanty,
business has been nominal. The only arrivals are £9,720 from New
York. TheP. & O. Steamer takes £115,500 to China and the Straits.
quotations for bullion
are
reported
as
follows:
Price of Silver.
Price of Gold.
5.
June
d.
s.
Bar gold, line
ox
Bar gold, contain'g
90 dwts. silver..o*.
Span, doubloons.02.
S.Am.doubloons.oz.
U. 8. gold coin... oz.
Ger. gold coin...oz.
May 29.
June
d.
d.
8.
77
77
9%
50^
Ing 5 grs. gold..oz.
51%
54^
51 3-10
49 13-10
49 13-10
77 11
73
9%
Cake silver
73
8%
Mexican dols...oz.
70
3
Chilian dols
70
d.
50 13-16
73
73
May 29.
Bar silver, fine..oz.
Bar silver.contain-
77 11
9%
8%
3%
5
...oz.
54
13 10
oz.
Barley
Oats
of England on Wednesday, and the whole amount was allotted
in three months’ bills.
Tenders at £99 11s. 4d. will receive
about 61 per cent and above in full.
discount rate of £1 14s. 8d per cent.
This is equivalent to a
The average rate is offi¬
cially given at £1 14s. 8d., 89 percent.
Messrs. Morton, Rose & Co. are prepared to receive applica
tions for £138,000 five per cent sterling debentures of the city
of Winnipeg, Manitoba, in sums of £100 each.
A loan for £250,000 for the corporation of Leeds is announced.
The bonds will bear interest at 3f£ per cent, and the minimum
price at which tenders will be received is £100 per £100 stock.
The opportune fall of rain has naturally had its influence on
the Corn Exchange ; but it lias chiefly affected the department
for feeding stuffs.
These were rising in price, in consequence
of the drought, but this “dripping June” weather has naturally
altered the prospect, and we have now reason to expect not
only green pastures during the hot summer months, but also
fair average crops of barley, oats, beans and peas, as well as of
roots and potatoes.
To a large meat-consuming country like
this, an abundance of cattle-feeding stuffs is of paramount im¬
portance, more especially as we experience no difficulty in pro.
curing ample supplies of breadstuffs, even in indifferent seasons.
Our imports of wheat have been very moderate during the last
few weeks, but the deliveries of British farmers are still rather
considerable, being nearly 200,090 quarters weekly. Millers
buy wheat, therefore, chiefly to meet actual requirements, and
are unwilling to
pay higher rates, even for superior white sorts.
They seem to be keeping their stocks at an average working
point, and no doubt this is a judicious course to pursue.
The following are the quantities of wheat, flour and Indian
corn estimated to be afloat to the United
Kingdom, Baltic sup¬
plies not being included:
At
Wheat
Flour
Indian
qrs.
present.
Last week.
Last pear.
1882.
1,88 J,coo
1,9 43.000
15.000
3L4.0UO
22 1.000
2 17.000
1,95 5,000
2,013.000
19 1.000
39 5.500
22O,<i00
308,000
v
corn
In the
following return is shown the extent of the sales of
home-grown wheat, barley and oats in the 187 principal mar¬
1881-2.
1880-1
1,873.475
249,517
208.5L3
1,133.493
1,673,745
161,152
1,615,041
...
1832-3.
s.
d.
0
0
41
33
7
5
19 10
21
3
1831-2.
s.
d.
46
32
7
1
21
2
1830-1.
s.
43
32
24
d
6
9
"l
Converting quarters of wheat into cwts. the totals for the
whole kingdom are estimated as under.
Wheat
cwt.
1883-4.
1882-3.
34,567,490
36,671,040
1881-2.
1880-1.
29,006,900
24,817,212
The following return shows the extent of the imports of
cereal produce into the United Kingdom during the first 40
weeks of the season, the sales of home-grown wheat the
average price of
English wheat, the visible supply of
wheat in the United States, and the quantity of wheat and
flour afloat to the United Kingdom, compared with
previous
seasons :
IMPORTS.
Wheat
1883-8 4.
cwt. 38.765.719
Bailey
12.423.930
oats
8.600,923
1,3 45,494
1,925.933
19,803.368
11,454,703
Peas
Beaus
In iian
Flour
corn
1882-83.
1881-82.
50.514,996
13,834,926
45,813,073
1880-81.
43,743.925
10,842,428
7,837.248
1,537,292
9,693,068
7,394,833
1,792,983
11,368,296
1,744,506
2,097,536
15,961,321
13.463,048
,
1,414,827
1.361,773
16,907,577 .26,418.800
7,462,681 10,080,878
Supplies available for consumption (49 weeks), not including
foreign produce on September 1 :
stocks of
1883-84.
1882 83.
Imports of wheat, cwt.38,765,719
Imports of flour
11,454,703
Bales
of
34,567.490
1881-82.
1880-81.
50,514 996
45,813,073
13,463,043
7,452,681
43,743,925
10,030,878
38,671,040
29,006,900
24,817,212
home-grown
produce
Total
34,787,918 100,649,034 82,232,654 73,672,015
Av’ge price of English
wheat for season.qrs.
46s. 7d.
39s. 01.
41s. 7d.
43s. Od.
Visible supply of wheat
iu the U. S
hush. 18,000,000 21,000,000 10,376,000 16,900,000
Supply of wheat aud
flour afloat to United
Kingdom..quarters. 2,166,000
2,340,000
2,318,000
The Continent is still absorbing a considerable quantity both
of American and Russian wheat, and is likely
to continue to
do so until the new crop is freely .available. From St. Peters¬
burg last week the exports of wheat and oats
Wheat
were:
to London, 12,516 chetwerts; to other direct ports, 10,150;
for orders, 6,045; to the Continent, 48,817 chetwerts;
by
for
Tenders for £1,300,000 Treasury bills were opened at the Bank
39
32
perqr.
past week, Messrs. Pixley & Abell remark
The
188 2-3
2 115.640
1,910 583
1833-4.
s.
d.
May. 15.
May 22.
May 29.
5.
Bank
Paris
2,012,966
465,508
.
Wheat
Berlin..
2,393.131
qrs.
AVERAGE PRICES.
Rates of
Interest at
[vol. xxxvm.
orders,
2,753
do.,
sail,
chet¬
chetwerts; oats to London, 42,104
ports, 3,127; for orders, 23,143; to the Con¬
tinent, 15,266 chetwerts.
werts: other direct
English Market Reports—Per Cable.
The
daily closing quotations for securities, &c., at London,
provisions at Liverpool, are reported
by cable as follows for the week ending June 20:
and for breadstuffs and
London.
Sliver, per oz
Sat.
50%
99*%
99%
..d.
Consols lor money
Consols for account.
Fr’ch rentes (in Paris) fr
U. S. 4%s of 1891
U. 8. 4s of 1907
Canadian Paeitio
Chic. Mil. & St. Paul....
Erie; common stock....
flliuois Central
Pennsylvania
Philadelphia & Reading
''’pw York Centra'
79 25
15
122
55
State).100 lb.
Vheat, No. 1, wh.
Soring, No. 2, n.
Winter, South, n
Winter, West., n
Cal., No. 1
Cal.. No. 2.
“
“
“
“
“
....
“
Corn, mix., old...
“
kjrn, mix., new..
“
„
•
5
6
0
9
6
05 5a
X.
Fri.
501316 50%
99%
99l3lfi 99*3lfl
99 7a
9915, e 99*°l6
78*32% 78*32% 78 40
113%
113%
113%
1223a
1223a
1223a
4i7a
45%
45%
71 %
72%
71%
11%
14%
14%
121 %
121%
121%
54%
54%
54%
12%
.12%
12%
104
104%
1053a
50%
Tuts.
s.
3
11
«
7
4
8
7
8
7 10
7
5
8
7
9
7
9
11
6%
o
501310
5
68
40
so
41
54
Wed.
Thurs.
Mon.
s.
d.
11
3
8 7
7 4
9 8
7
8
7 10
7 5
Pork, West. mesa..$ bbl 68
40
6aeon, long clear
B->ef, pr/mess, new,$ tc 80
L ird. prime West. $ cwt 41
0 lecse. Am. choice
j 54
50 %
13
053*
Sat.
m
Tuts.
99%
99%
78-37%
113%
122 3a
453a
733g
14 "8
122%
553a
13%
1
Liverpool.
Flour (ex.
x
113%
122%
45%
73^8
Mon.
d.
3
7
4
8
7
5
O
5
68
6
0
0
0
40
7
0
6
5
68
40
80
41
53
O
0
0
*0
6%
8.
11
8
7
9
7
d.
3
7
4
8
8
7 11
National Banks.—The
been organized:
114
122
44%
69%
14%
121%
51%
12%
102
8.
5
O
68
6
40
80
41
52
41
O
0
1 53
0
d.
11 0
8 7
7 4
9 8
7 8
7 11
7 5
7%
(fommcvcial anti JXXisccllauccms
78-27%
Fri.
Thurs.
8.
d.
11
3
8
7
7 4
9 8
7
8
7 11
7 5
7
8
7 11
7
5
6 % 5
0
68
10
6
o
80
9
41
0
54
Wed.
99*&ig
luO
.
7
0
6
0
0
0
flcwrs
following national banks have lately
-
.
3-06—The National Bank of Comraprre of
5?too.ooO.
Minneapolis Minn. Capital,
William Powell, Cashier; no President; V. G.
llui all. Vice-President.
3207—The First National Bank of sterling, Kansas.
J. II 8m th. Presidtn:; P. Ilimro i, Cashier.
3203—The First N oional Bank of Hnldrege, Neb.
Capital, $50,000.
Capital, $50,000.
MoGrew, Cashier; no President.
3209—Til- Mount Jackson Na ioual Bank, Mount Jackson. Va.
K. T.
$*)•*.oiiO.
Caaliier.
Joseph
I.
Triplett, Presideut;
CaDital
J. Fred. 8.
Good,
THE CHRONICLE.
1£S4. |
June 21,
Foreign Trade of New York—Monthly Statement.—In
addition to the foregoing tables, made up from weekly returns,
we
give the following figures for the full months, also issued
by our New York Custom House.
the total imports of merchandise.
The first statement
covers
$
April
dise.
$
*
2-3,31)8,814 39,997,704
5,754.403
38,471,226
May
Total....
*
13,598,890
11,397,824
11,319,428
9.793,203
28,175,200
31,394,061
25,759,735
32,716,823
39.573,030
42,713,489
35,557,933
51.868.748 144,444,639 190,313,387
$
*
27,915,300
13,345,312
13,730,717
12,328,374
7,948,036
7,426,303
20,749,010
29,854,387
29,142,398
29,213,457
41,260,612
40,479,727
42,182,761
37,090.434
36,639,760
54,778,742 142.S74.55.' 197,653,294
CUSTOMS RECEIPTS.
EXPORT8 FROM NEW YORK.
At New York.
Total Merchandise.
Months.
Months.
1883.
1884.
1
28,891,032
28,426,360
32,094,694
28,101,404
27,237,663
$
1884.
$
26,792,785
23,536,860
23,097,998
23,835,838
24,063,269
January
February
March
April
May
Total.
Total.
Merchan¬
Goods.
dise.
January....
February ..
March
121,320,750 144,752,053
.\
18S3.
$
11.436,786
12,574,838
12,191,603
12,438,301
9,S40,822
9,299,287
9,194,388
8,148,813
January
11,762,029
February
March
April
May
12,084,811
54,403,735 54,547,943
Total
Imports and Exports for the Week.—The imports of last
week, compared with those of the preceding week, show an
increase in dry goods and a decrease in general merchandise.
The total imports were $8,023,423 against $7,974,367, the pre
ceding week and $8,575,163 two weeks previous. The exports
for the week ended June 17 amounted to $6,389,200, against
$8,435,075 last week and $5,254,394 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) June 12, and for the week ending (for general
merchandise) June 13; also totals since the beginning of first
week in January:
FORETGN IMPORTS AT NEW YORK.
For Week.
1882.
$1,194.SG3
6,751,464
$1,879,148
9,038,976
$1,409,610
9,020,669
$1,697,280
$7,949,127
$10,913,124
$10,430,279
$8,023,423
$50,695,785
148,317,539
$63,251,229
$56,979,113
154,077,385
$55,154,595
152,076,604
D.y goods
Total...
Since Jan. 1.
Dry goods
GenTmer’dise..
1883.
1881.
G m’i mer’diae..
174.862,387
1884.
6,326,143
Total 24 weeks. $199,013,324 $238,111,116 $211,056,998 $207,231,199
In our report of the dry goods trade will be found the im¬
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending June 17, 1884, and from January 1 to date:
EXPORTS FROM
jfew
Oregon Railway & Navigation and Auxiliary Compa¬
YORK FOR THE
com¬
panies,
General
Dry
Total.
Merchan¬
Goods.
when the plan
bonds will be
Oregon Improvement, and the Northern Pacific Terminal
1833.
|
General
Dry
Months.
and bond holders will arrive here next Monday,
of issuing $5,000,000 collateral trust debenture
acted upon.
nies—At Portland, Oregon, June 16, the annual elections of
the Oregon Railway & Navigation, Oregon Trans-Continental,
IMPORTS INTO NEW YORK.
1884.
731
were held. The following directors were elected:
Oregon Railway <£• Navigation Company.—T. Jelfersou Coolidge, Wil¬
liam Emlicott, Jr., aud N. P. Hallowed, Boston; Elijah Smith, Now
York; Charles L. Colby, Milwaukee; John II. Hall, Now'York, and W. 8.
Ladd, Henry Failing, H. W. Corbett, C. A. D.flpli, C. II. Prescott, L.
Brook and C. H. Lewis of Portland. The onljr changes from the old
board are Messrs. Colby and Hall, who succeed A. II. Holmes and W. H.
Starbuek.
Oregon «£ Trans-Continental Company —Elijah Smith, T. J. Coolidge,
Colby, M. C. Whitney, Brayton Ives,
C. H. Prescott, Henry Failing, D. H.
Lewis, C. J. Smith, C. A. Dolpb, 4Y. S. Ladd, R Koehler, Joseph Simon
and William Ladd. The only changes from the old board are M. C. Whit¬
ney in place < f Horace Porter, who declined to serve, aud William Ladd
in place of Paul Sehultze.
Oregon Improvement Company.-^William Endicott, Jr., N. P. Hallowell, J. J. Higginsou, Elijah Smith, John Muir, C. H. Prescott, C J.
Smith, 1). F. Thompson, William S. Sibson.
Northern Pacific Terminal Company.— EdwardD. Adams. Robert Har¬
ris, T. J. Coolidge. Ileury Viilard. C. id. Prescott, Henry Failing, C. H.
Lewis, R. Koehler aud C. A. Dolph. William Endicott, Jr.. Charles L.
N. P. Hallowed, J. J. Higsinson.
Philadelphia & Reading.—The U. S. Circuit Court has
authorized the receivers of this company to borrow $3,000,000
and issue certificates therefor.
On June 1 Messrs. Drexel &
Co. advanced $580,000 to pay the coupons on the consolidated
mortgage bonds, and it may seem to some to be an extreme
view of the legitimate use of receiver’s certificates that they
should be issued in part for the re-payment of that money.
The order of court reads
the reoeivers of the Philadelphia A
Reading Railroad Company he and they are hereby authorized aud em¬
powered to borrow an amount not exceeding $2,000,000 for the pur¬
pose, first, of retiring and raving the coupons and interest faliiug due
upon the 1st instant upon the bonds secured by the consolidated mort¬
gage dated June 1, 1871;
and, secondly, for the payment of the
wanes
due to the employes of the said Philadelphia & Reading
Railroad Company aud ihe Philadelphia & Reading Coal & Iron Com¬
pany; and to issue certificates therefor in the form recommended by
the master, bearing iuter. st at a rate not exceeding 6 per cent per an¬
num for the money borrowed to pay wages, and not exceeding 5 per
cent for the money borrowed to retire aud pay the said coupons and in¬
terest.
And the receivers of the said Philadelphia <fc Reading Railroad
Company and the Philadelphia & Reading Coal & Iron Company are
authorized and empowered to issue certificates bearing interest at not
exceeding 4 per cent per annum to the creditors of the said companies
holding claims for materials and supplies furnished since April 1, 1884,
in the form recommended by the master, provided that the aggregate
amount thereof shall not exceed the sum of
$1,000,000.”
Pittsburg Southern.—At Pittsburg, June 13, a decree
made in the Common Pleas Court in the
case
waa
of John D.
Scully and others, representing the Baltimore & Ohio Railroad
Company, against the Pittsburg Southern Railroad, declaring
the mortgages executed by the defendants to the plaintiffs
first liens, and directing the sale of the company’s property,
corporate rights and franchises to satisfy mortgages aggre¬
gating $1,042,000. The Baltimore & Ohio Company holds the
mortgages and has operated the road.
Wabash
WEEK.
:
“It is ordered and decreed that
St. Louis & Pacific.—The bondholders of
this
ought to take measures immediately to protect them¬
1883.
1884.
1881.
1882.
selves against the issue of a large amount of receivers’ certifi¬
Fo: the week...
$7,153,823
$7,709,059
$6,389,200 cates to pay off floating debts held by the directors and friends
$7,034,879
Prev. reported.. 170,310,512 140,367,151
157,145,209 131,854,272 of the company.
When a railroad goes into the hands of a
receiver the effort is often madd to get such certificates issued
Total 24 weeks. $178,019,601 $147,402,030 $164,299,032 $138,243,472
by the Court for the purpose of paying off notes of the com¬
The following table shows the exports and imports of specie pany held by officers and directors, which are nothing more
at the port of New York for the week ending June 14, and
than plain floating debt and have no right to a preference over
since January 1, 1884, and for the corresponding periods in the old mortgage bonds. Let not bondholders suppose that
1883 and 1882:
certificates once issued will be held to be secondary to the
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
mortgages; the only way to prevent them from being prior
liens to the mortgages is to oppose their issue from the start
Exports.
Imports.
for any
Gold.
purposes except the acknowledged legitimate uses of
Week.
Since Jan. 1.
Week.
Since Jan. 1.
paying for wages, supplies, &c., to meet currerit expenses of
the property.
The Times says:
«.
company
Great Britain
France
-
$2,240 $26,461,248
3,850,045
4,553
2,380,946
1,139.451
240,235
50,000
564.93 1
3,500
106,420
17.000
726,358
Germany
West Indies
Mexico
South America
All other countries.
Tetal 1884
Total 188a
Total 1882
$
4,352,824
1,C 5 8, ■-*20
$69,240 $37,617,329
217,190
46,440
l,011,2t3 27,138,371
650
$8,053
26,943
16,239
'
$3,867,702
4,-01,127
566,020
Silver.
Great Britain
France
German
West Indies
Mexico
South America
All other countries...
$211,8 O
33,926
......
8,500
$5,427,909
470,906
79,766
32,146
20-S817
43.990
83.990
$
$1,068
37,052
32.790
300,562
23,855
6,03 J
1,389,039
88,144
22,109
“The proposed issue of receivers’ certificates to take care of the float¬
ing indebtedness of the Wabash Company is exciting much discussion
in certain financial quarters.
Some of the bondholders are disposed to
dispute the assumption that the. prospective certificates will have pri¬
ority over the first mortgage bonds as liens upon the property. It is
admitted that receivers’ ceitittcates usually take precedence over all
other liens, but in this case it is argued that as the Wabash was not put
into receivers’ hands at the instigation of bondholders nothing can take
the place of the first mortgage lieu. The receivership proceedings were
instituted by persons bolding some of the obligations belonging to the
floating debt. One gentleman said: “The floating debt creditors cer¬
tainly have no legal light, to step in and protect themselves in prefer¬
ence to the bondholders, but that is just what Jay Gould evidently proprses to do. Ho can afford to take up the outstanding notes bearing his
own indorsement, together with that of Sage, Dillon and Humphreys, if
the receiver can be induced to raise money on certificates to reimburse
him.”
-
—The Homestake Gold Mining Company of Dakota
ared its seventieth dividend (for May), amounting to
has de$25,000.
payable in San Francisco, or at the New York
of Lounsbery & Haggin.
151,123
Auction Sales.—The following, seldom or never sold at the
Of the above imports for the week in 1884, $1,000 were Stock
Exchange, were sold at auction this week by Messrs.
American gold coin and $4,614 American silver coin. Of the Adrian H. Muller & Son:
exports during the same time $67,000 were American gold coin.
Shares.
Bands.
50 Coney Isl’d Jockey Club.157
Boston & Lowell—Boston Concord & Mont eal—Northern $1,000 Southern Tel. Co. 1st
6 Merchants’ Ins. Co
103
more. Os. a e 1902
30
of New Hampshire.—The leases of the two last-named roads
1 Clinton Hall Association. 45
$19,COON. Y. Housatonic &
to the Boston & Lowell have been approved at meetings of
103 Af*c sor.v Transit Co. of
Nor. RR. Co. 1-t m. 7s..$10
Nicaragua.
$21
stockholders of the respective corporations.
$35,500 Republic of Cuba.... $3
Shares.
1 New Yi rk Soc’y Lit raty.
Louisville & Nashville.—President Smith, of the Louis¬
18 Bank of Manhattan Co.. 155
Subject t«»$l per annum
from May, 18 a4
ville & Nashville, says that the representative of foreign stock 100 Mechanics’ Nat l Bank... 149
$51
Total 1884
Total 1883
Total 1882
$254,226
62.430
$6,347,521
6,352,021
5,395.016
$62,678
$1,837,974
26,57 L
52,401
1,998,360
1,309,970
ividend is
jency
THE
732
CHRONICLE.
[Vol. xxxvui
ghz flankers' Cfeetle.
DIVIDENDS.
Per
Cent.
Name of Company.
United States Bonds.—Government bonds have been mod¬
erately active during the week, at trifling fluctuations. There
were no transactions to-day, but the bids at 12 o’clock showed a
Books Closed.
TVheji
Payamt.
(Bays inclusive.)
net advance compared
for the 4l<s.
The closing prices at
Railroad*.
Albany & Susquehanna
Boston & Lowell
Boston Revere B.&L
Chic. St. P. M. & O. pref (quar.)..!
Connecticut River
Fuckbunr
Fliut & Pere Marquette pref
Granite
Morris A Essex
Newr York Lack. A W_est. (quar.)..
New York New Haven A llart
Rensselaer & Saratoga
Rock Island A Peoria
Staten Island
—
July
July
1
1
*21
2*q
July
July
July
3io
July
3^
$3
1%
4
$3
3ia
1*4
5
4
July
July
July
July
June 15 to
Juno
1 June 17 to
1 June 17 to
15 June 26 to July 15
5
4
July
July
July
July
July
July
July
July
•July
July
July
July
25 June
21 to
3k*
4
4
3%s
7
3
4
3
5
5
Importers’ & Traders’
Mount Morris
New York Nat.
Banking Asso
North America
Oriental Bank
Park National
Miscellaneous.
July
Brooklyn Trust
July
] June 22 to
Sjjune
21
l|June 18
to
to
1 June 21 to June
1
ljune 21 to July
1, Juno 27 to
4
6
July
July
July
particularly favorable, and, owing to the decrease in depos¬
its and the gain in specie and legal tenders, the surplus reserve
above the legal requirement was $6,986,500—a gain of $5,645,000
from the previous week.
In London the ease in the money market is shown by the
reduction in the Bank of England rate to 2 per cent, which is
promising for an investment demand for American securities,
•whenever the condition of our market may invite their pur¬
chases.
To-day the markets were unsettled and confidence again
shaken by the announcement that Commodore Garrison had
made an assignment.
Congress has hut a short time to sit, and therefore its ca¬
pacity for evil legislation is becoming limited. From the pres¬
does not appear likely that any important bill
effecting trade, currency, finance or railroads will become a law
this session. One of the important features this week was the
Agreement made between the Judiciary Committee of the
Senate and the officers of the Union Pacific Railroad, by which
all matters in controversy are put over till December, on the
company’s now paying over to the Government the sum of
$718,814, The managers of the Thompson bill, which passed the
Hcu e June 19, and might he entitleda bill to confiscate
the Pacific Railroads,” claim that such settlement was unau¬
thorized and that they will endeavor to push their bill through
the Senate; but it is highly improbable that the}- will succeed.
The situation in the stock market has been dull and much
depressed, not from any new development of facts, but rather
from the general lack of confidence, the continued attacks of
the bears, and most of all from the entire lack of strong sup¬
port of prices from any quarter except for the two Gould
specialties (Mo. Pac. and West. Union Tel.), and for Del. & Lack¬
The anthracite coal companies have decided to sus¬
awanna.
pend mining for two weeks in July and to make a slight ad¬
vance in the prices of stove and nut coal.
In the money market rates for call loans have ranged at 1
to 3 per cent, according to the collateral.
Prime commercial
paper is quoted at
per cent.
The Bank of England weekly statement on Thursday showed
an increase in specie of £266,000, and the percentage of reserve
to liabilities was 40 7y, the same as last week; the discount
rate was reduced to 2 per cent.
The Bank of France gained
4,146,000 francs in gold and 511.000 francs in silver.
The New York City Clearing-House banks in their statement
of June 14 showed an increase in surplus reserve of $5,645,000,
the total surplus being $6,986,500, against $1,341,500 the pre¬
ent outlook it
vious week.
following table shows the changes from the previous
a comparison with the two preceding years in
the
week and
of the New York Clearing House banks.
1881.
June 14.
Loans and dis.
Specie
Circulation
Net deposits..
..
Legal tenders.
Legal reserve
Reserve held.
Surplus
$295,883.20(
Differences fP ml
Previous ifee/i.
Dec
1883.
June 16.
1882.
June 17.
$6,-25,300 $321,748,100 $317,465,0 00
62,269,901
57.881,90)
18.502,0 JO
304,612.00 0
26,905,5( 0
48.037,400 Tnc. 2,499,800
31.100
14.311,190 Dec.
281,111.600 Dee. 2,211,000
28,577,000 rue. 2,592,300
317.690,200
$552,000
$70,277,900 Dec
77,264,400 Inc. 5,092,100
$79,422,550
83,213.600
$76.153,000
$6,986,500 fnc .$5,645,000
$8,791,050
$8,637,400
15,802.49<
25,913,800
84.790.400
Exchange.—Sterling exchange was dull hut steady during the
Thursday at 4 80 and 4 88 as the posted rate for prime
bankers’, while some drawers quoted at 4 85% and 4 87
On
Thursday rates weakened on the reduction in the Bank of
England's discount rate, and on Friday again declined on
free offering of bills.
a
To-day, on actual transactions,
bankers’ prime 60 days sterling sold at 4 83j^@4 83^ and deweek till
June
20.
111% *11158 111^ 1113s nnq
111H *11138 1115s lUSg *11138 11134
119*4 *11938 *U9ig *11930 *11944 riiy3s
12038 120*4 U2013
1201*5 120% 120
10013 10o^ *10038 *100 38 100% *1003*3
Ill *4
*123
*125
*127
*129
*131
*123
*125
*127
*129
*131
*123.
*125
*127
*131 58
*132
*123
*125
*127
*129
*131
*123
*125
*127
*129
*131
*123
I *125
*127
*129
*131
the morning board; no sale was made.
Sub-Treasury.—The following table shows the receipts
and payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week :
Balances.
Payments.
Receipts.
Currency.
Coin.
4
I
June
19.
U. S.
Date.
was
averages
June
18.
June
17.
30
NEW
YORK, FRIDAY. JUNE ‘JO, 1S84-5 F. M.
The Money Market and Financial Situation.—At the
close of last week, on Saturday, June 14, the bank statement
The
This is the price hid at
*
1 June 18 to June 30
I ljune 21 to June 30
II June 15 to June 30
June
16.
Interest June
14.
Periods.
1
for the 4s and %
week ago of
the N. Y. Board have been as follows:
4^8,1891
reg. Q.-Mar.
4H>8,1891
coup. <3.-Mar.
reg. Q.-Jan.
4s, 1907
4s, 1907..
coup. lQ.-Jan.
3s, option U. 8—reg. Q.-Feb.
6s,our’oy, ’95
reg. .1. A J.
68, our’ey, ’96—reg. J. A J.
68, our’oy, ’97—reg. J. & J.
0s,onr'cy, ’98—reg. J. A J.
6s,cur'oy. ’99.. .ree. J. A J.
1
1
1
1
Bank*.
Bowery National
Central National
Citizens’ National
Commerce National
Eleventh Ward
i
Hanover National.
a
1 to
Tuly
2*2
$L
with
$
$
1,231,538 21 125.186,048
851,594 01
J’ne 14..
“
1.205,412 64 125 4 -9,614
16..
1,539,260 32
“
17..
1,398.305 52 124,909,483
1,031.319 33
“
1,629,970 16 124,025,114
13..
793.160 53
“
19.. *15,970,611 59 *L6,537,008 88 123..143,113
“
20..
1,715,297 62 123,059,119
732,754 74
=
■
'
Total
*
..
20,968,700 52
9.709,575 84
89 9,799,356 7(1
6i 10,003.001 83
79 10,050.560 10
95 10,165,563 65
44 9,467,015 28
13
23,968.133 03
$15,000,000 of above receipts and payments
the books to another.
is a transfer from one
account on
State and Railroad Bonds.—Very
little business has been
done in State bonds, and quotations show steady prices.
Railroad bonds have not been active, but have developed
further decided weakness for nearly all classes.
This con¬
tinued and unreasonable decline in bonds also has a depressing
effect on stocks and the financial situation generally.
There
holders, and
and 7
appears to be very little common sense among
they are as willing to throw overboard the best 6
per
cent bonds between 90 and 100 as the defaulted bonds between
40 and 50.
West Shore 5s have been conspicuously weak,
selling as low as 38} 3. On the other hand,
been fairly steady for the week, within a
fluctuations.
Erie consols have
moderate range of
Railroad and Miscellaneous Stocks.—On Saturday,
14th, stocks showed some tendency toward improvement,
the
and
prices generally were a little higher, the excellent bank state¬
ment and an improvement in the general situation having a
good effect. Since then, however, great dulness has prevailed,
accompanied by extreme depression “and weakness, the princi¬
pal exceptions to this rule being Missouri Pacific, Western
Union Telegraph and, until Friday, Lackawanna.
Missouri
Pacific is scarce in the market, and it is held up by Mr. Gould;
with the assistance of this short demand. The market has t
been almost entirely under the control of the bears, whose r
best point is in the circumstance that there is no strong party
in opposition to them. Witli the exception of the stocks named
above, there has been no healthy resistance to the decline.
The Vanderbilt stocks have been especially weak, New York
Central selling to-day at 98 and Lake Shore at 75f|, Michigan
Central at 0414 and Canada Southern at 33}^. It is said that
Mr. W. H. Vanderbilt gives no support to his stocks, and
it is concluded that he only waits to buy them at lower prices.
Lake Shore has undoubtedly lost much money this half-year,
and probably not earned its dividend, and in the face of this*
the fact that it has earned 8 per cent most of the time durinS
the past eight years is allowed to count for nothing. Mr.
Charles Francis Adams, Jr., was elected President of the Union
Pacific, and the report of the Government expert on the com¬
pany's financial condition was made public, and though it was
more favorable than expected, the stock declined in sym¬
pathy with everything else : the announcement of the suspen¬
sion of dividends for the present had already been discounted.
To-day the market developed an exceedingly weak tone on
sharp attacks made by the bears on the Vanderbilt stocks,
Lackawanna and some others. So far as the Vanderbilt spec¬
ialties are concerned, it is well known that they have lost
heavily in income during the current half-year, and it is also
rumored that Gould is a bear on them to re-pay Mr. Vanderbilt
for lus late refusal to give any assistance to oppose the recent
long and heavy decline in stocks.
Many stocks were to-dav at or near the lowest point yet
reached. But the market simply knocks itself down by its own
rumors, bear attacks,unloading of weak holders and general lack
of support.
The decline has not been forced this week by any
new facts of a discouraging nature ; on the contrary, the out¬
look is better in several important particulars—the crop re
ports are much better North and South ; the Union Pacific
status has decidedly improved ; trunk line rates have been
advanced ; the coal companies hold their combination firmly;
and railroad earnings are in most cases making a fair com¬
parison with the immense receipts of 1883. The tone and
temper, of the market is more generally bearish at present
figures than when prices were 50 to 100 per cent higher.
June 21,
THE CHRONICLE.
1£84.]
738
NEW YORK STOCK EXCHANGE PRICES FOR WEEK ENDING JUNE
20, AND SINCE JAN. 1, 1884.
HIGHEST
STOCKS.
Saturdaj',
Monday,
Juno 14.
J
LOWEST
Tuesday,
10.
uuo
AND
PRICES.
Sales of
the Week
Wednesday,! Thursday,
June 17.
June 18.
■
i
Friday,
19"!
June
(Shares).
June 20.
For Full
Year 1883.-
Range Since Jan. 1,1884.
Lowest.
Highest.
Low. High
KAILKOADS.
Albany & Susquehanna.
Boston A N. Y. Air Line, pref
Burlington Ced. Rapids A No
44 Si
37 %
Canadian Pacific
Canada Southern
Cedar Falls & Minnesota^....
Ceniral of New Jersey..
Central Pacific....:.
Chesapeake A Ohio
Ilo
Do
1st pref...
2d pref....
37*4
.
pref.
8*2
8 Si
58%
4214
4134
42
*Gi-2
*12i-j
7 *2
*0 Si
8
13 Si
9 Si
8H»
-
-
*8
-
4034
6 Si
13
’7 Sa
127 Si
112 Si
09 Sj
105
93 Si
124 Si
II314 114
70% 72ia
10034 10034
94% 9018
125 Si 120
110 Si 110 Si 10934
*8 Si
*8 Si
934
28i.
*20
27 34
891.
88*8
10
56%
41 Si
6 Si
*50
40 Si
13
10
*12
*7
23
27 34
89
73<
7 Si
7 Si
*4 Sj
534
70S2
t
32
II8S1118%
*11
9 Si
85
69
Indiana Bloomingt’n A West'n
Lake Erie A Western
'Lake Shore...
Long Island
Louisville A Nashville
Louisville New Albany A Cldc.
Manhattan Elevated
Do
1st prof..
Do
common.
Manhattan Beacb Co
29%
13
57
12
9 Si
86%
70
31
13
57
*
*56
57
27
Memphis A Charleston
Metropolitan Elevated
Michigan Central
ii8%
25
118S1
11
*8
84 Si
117% 118%
82
82%
lOSi
9%
85%
10
83
10%
pref.
Minneapolis A St. Louis
Do
Missouri Kansas A Tex
Missouri Pacific
14Si
15
8%
90%
93%
123% 124%
100%108%
'8%
20%
7g
30
*56
68
*90
*56
27 Si
*10
*50
‘90
‘50
14%
90%
14%
89%
5%
34
110% 117%
Do
19
4%
*9%
28%
27%
00%
13%
90%
27%
28%
58
55
*90
58'
*55
‘90
pref.
St. Louis A San Francisco
19
Do
prof.
Do
1st pref.
St. Paul A Duluth
Do
pref
St. Paul Minneap. A Manitoba.
South Carolina
Texas A Pacific
Union Pacific
Wabash St. Louis A Pacific...
Do
pref.
*36
80
American Tel. A Cable Co
Bankers’ A Merchants’ Tel....
Colorado Coal A Iron
Delaware A H udson Canal
Mutual Union Telegraph
New York A Texas Land Co..
MISCELLANEOUS.
Oregon Improvement Co
Oregon Railway A Nav.Co
Pacific Mail...
Pullman Palace Car Co
15
4%
21%
38%
*36
*78
80"
4%
Columbus Chic.
A
Danbury
35%
80 Si
87%
86
9%
39%
10%
41%
39%
10%
41%
37%
0
12 Sa
0
12 %
12%
12%
12%
50
30
50%
*8 Si
94 *2
69
41
1U0
*3 Si
*20
30
10
95
80%
9%
70%
417*
100%
*80
9
5%
*8%
35%
80
10
13
13
07
09
41
4 1%
101 Si 101%
*3 %
4 S
*20
23%
10
08
20 78
55
92
57
66%
10
22
14
15%
38 %
80%
80%
86%
10
*18%
12%
8u %
56
19
20%
10
34
8
34
9
"ioo
22
13%
92%
8
122
41
103%
0%
17% 17%
12% 13
90% 91%
410
270
’*98** i'00%
*6
85
13%
31%
177
14
31%
178
8%
8
300
450
29
45
1?6
19
43%
2
19 S
44%
2
17%
*0
5,678
63,838
625
700
19
7%
100
15
13
10%
8
7
24%
22%
11
7%
24
2%
2%
11%
41
21
30
85
17%
37%
80
86%
9%
13%
51
51
3%
14%
15
30
84%
8
85%
3,600
8%
12,692
262,870
6%
12%
12%
50
51
50
50
30
885
30
9
260
220
91%
95%
91%
94%
94%
94%
7%
91
400
4,600
92%
1,831
12%
300
68%
68%
2,050
12,790
34%
99 %
40%
99 %
39%
99 %
40%
99%
38%
39%
37%
99
99 %
95%
38%
98%
*3%
4%
23
*3 Si
*20
4 Si
*3%
4%
*3%
6
23 %
00%
01%
02
131
92
50
105
*128
88
49%
-103
66%
131
90
49%
110
*20
00%
20
23
01%
129
90
131
*48
*103
146
155 %
2,972
21
60%
300
204,055
90
129
*97
131
101
50
*48
60
326
135
104
104
100
35
146
146
146
55
200
66%
66
prices bid and asked;
66
iio
66
•
138
Coal
New Central Coal
Pennsylvania Coal
Spring Mountain Coal
are the
66
9%
9%
9%
9%
138
140
140
8
Feb. 11
Juno20
r/% May 22
11% May 14
63% May 20
6% J une 20
118
38
98
•
-
120
300
16
44
made at the Board.
17 Sj.
90
88
61
13
23
7‘
23%
35%
14%
27
12%
55
95 Sj
Apr. 10
18% Jan. 7
36% Feb. 11
33
7
23% Jan.
95
5
Feb. 11
13% Mar. 24
Jan. 29
30%
32
76
77
10
35
100%
18
48%
30%
68Sa
16%
19%
34%
86
10
120
106%
90
105
89 Sj
19 Sj
58
7% May 14
3% May 27
10
10
28
May 17
Jan. 29
June 12
18% Jan. 26
40% Jan. 23
1% June 18
14% May 14
5
June 12
June 19
13
10% May 14
7
June20
16%.lan.
6
18%
11
42
27
.1 une
9
79Si May 16
10
8
May 24
June 20
35% J une 20
6% May 14
9
May 20
7
Feb. 28
Feb. 16
Feb>. 25
Feb. 15
J an.
7
57% Jan. 7
3% Jan. 7
257g Mar. 17
9
24
Mar. 19
Mar. 22
34% Jan. 7
17
Feb. 4
90
99
11
23
14
11
14
15
4
21
17
5
18
18
1(
9
Jan. 26
Jan.
7
May 24
22% Feb. li
84% Feb. It
19% Jan. 7
32
Jau.
f
49
May 16 61% Jan. S
30
June 14 127% Apr. It
7 S2 J uue 20
17Si Mar. 17
88Si May 28 114
Feb. 11
10
May 16 17%.I an. 1(
122Si Jan. 7 170
Feb.
S
12
67
31
90
4
20
49
-
May 24
65% Jan.
7
June 16 112
Jan. 2s
May 16
May 24
Jan.
June (3
June20
May 14
56% Mar. 17
117
7
6S2 Feb. 1)
32 Si Feb. :
78% Feb. 1(
127% Juno 12 137
Apr. 24
88
M ar. 2t
May 26 102
45
May 17 61 Si Fob. 7
98
Feb. l:
May 26 115
66% Juno IS
142
33
1
50
66
137
45
138
9 2 Si
80% .Tan.
Juno 13 152
Feb. 11
33
Feb. 14
2
Jan. 21
50
June 19 82
Apr. 12 145
May 15 90
June 18 146Sa
M ay 3 93
192Si Jan. 8 193Si
121
May 1 122 Si
June 9
9
15
t Lower price is ex-dividend
7
Feb.
Feb.
Jan.
Jan.
Mar.
Mar.
Jan.
16
11
17
21
10
4
Feb
11
83%
26%
40%
72
83
17%
62%
L69
183
15%
4%
29%
8%
21%
32
4934
14
10
18
23%
49%
63%
90%
14%
36-%
2
21
7
14
34
19
32
29%
12
89
28
46%
61%
129% 138
15Sj
4
72
47
21
15
39
23
34
35
80
85
103
14
86%
20%
40
59 Sj
87
lOOSa
33
40%
90
97%
94
169 Sj
22 Si 27 Sj
17 % 43
70% 104%
15
30%
5 7 Si
29%
57
69%
118% 14()Sa
14
39%
102% 112%
25
15
55
125
50
90
150
91Sj
28
44%
112 V 134
5
9%
30
46%
713.)
88%
120S, 135
88
55 S
113
78 Si
140
31
94%
65 Sj
128
84%
lf>0
68 Sj
7%
lSi
50
70%
77
92
138
9! 96
138
112%
Apr. 18; 139Si 145%
4
Feb.
Feb.
Apr.
-
211
187 Si 197
118
118
17
10
19|
30j
9
200
VP%
Mar. 21
Mar. 2o
10% Jan. 31!
Feb. 19 264
29Si Jan. 2 51
was
71%
10
Ill
Jan.
June20 127
7Si Apr. 14
sale
86
65 Sj
68%
2!
Jan.
Feb.
Jan.
84%
48%
47%
129%
May 20
Mar. 14
50% 64%
June20 122
Mar. 13 111% 129%
6% May 14 10% Feb. 15
7
15%
9
May 14 20% Feb. 14
13% 35
264
no
Jan. 10
58% Jan. 18!
57 % Feb. 11
16 24 Mar. 18
21 40 Jan. 11
17 105 Apr. 15
14 94 % M ar. 4
32% May 26
80
37
6%
80
22 June 2 60% Feb.
100 127
May 15 135
Apr.
200
5
2% May 24
Jan.
39
June 12 61
Feb.
'*700 15 June 18 32 Feb.
5,165
3% June 18 16% Feb.
24
19% Jan.
Mar.
'Too 20 Ju 11c 20 50 Mar.
75% June 13 96
Feb.
650
14% June 20 27
Mar.
110
34 " May 26
50
Mar.
280
70
96
May 15
S> Apr.
22
May 22 32% Jan.
35%
5%
12%
10
12% May
May
May
May
25
87
64
10
16,400
3%
20
30
‘78
18,822
1,590
16
20
1
May 13
135
78
75
Feb. 5 128
137%
127% Feb. 16; 1115% 129%
64% J une 20 94%; an. 3
91% 108 Sj
100
i eb. 16 1115
May 14 119
122%
88
June20 124
I eb. 12! 115% 140%
120
June 20 149% Iob. 12! 134
157
102
June20 126% lob. 11
116% 127%
8
May 13 13% Jan. 5; 10% 22
20
May 15 35 Jan. 11
33
5734
24% May 16 34 Si Jan. 3
30
55
81
91
May 14 96% Fob. 11
113%
34
54
May 14 69% Mar. 14
84
132
Julie 5 141
Apr. 1 124% 142
90% May 26 133% Mar. 1 111% 131Sj
9
June 18 25% Jan.
3
21% 51Sj
3% May 14
8% Feb. 15
4% 11%
6
June 12
14% Feb. 15
11% 23
37
M ay 2
51
Jan.
45
7
75
4
5
May 8
8% Feb. 8
10%
188 June 18 200
Mar. 18 190
200
40
50
Apr. 17 51
Jan.
4
82 Sj
114
•lime 20 140
Feb. 13 124
148
80% June
86
M ar. 0
77
84%
9 % J une20
20% Jan. 5
17% 35Sj
7% J une20 19% Jan. 7
13% 33%
75% June 20 104% Mar. 4
92% 114 V
62
58
May 24 78% Mar. 15
86%
25%June
51% Mar. 4
40% 53 Sj
13
June 14
35
J an.
4
30
68
40
Jan. 22
38
59% Juno 7
53%
82
Jan. 21
80
90
93% Apr. 7
42
Jan. 23
59 % Mar. 17
38
53
1,650
5
19%
May
127
Jan. 30
83 % Mar. 13
310
300
100 118
Juno 13 130
June 13
431
84
May 24 94% Apr. 12
13 % M ay 9
17,560
28% Jan. 5
31
1,100
June 6
1
Mar,
600
9
May 16 17% Apr. 4
122 176
Jan. 15 184
May 1
130
85
14%
9%
70,512
6%
12
86
*8
128
92
*48
105
9,500
72,429
6%
6%
118
118
12
13%
*105
130
32
720
110
27!
June 19 i 15
9% Juno 201 28
7
M ay 26
17
125
Juno 13 140%
103
May 24
1,100
2*265
10
00%
100
400
05%
38 Si
*12%
45,980
04%
8%
9
39
0
7u3
27%
*90
15
4
-19
*25
*70
*15
*30
79
1,050
209,920
90
00
30%
5%
12%
8%
38
*5 %
09
Ind. Cent..
Maryland
*30
4
7%
77 3,
26%
*83 Si
00
95
610
55
20%
*8
*20
5,875
10
7%
75 Si
10
12
50
110 Si
72
23
*8 Si
A Norwalk
Dubuque A Sioux City
Joliet A Chicago
Ohio A Mississippi, pref
Rensselaer A Saratoga
Texas A New Orleans
United Companies of N. J
Warren
These
15%
80%
397g
5%
12%
2,s50
30
81%
18
3%
4%
18%
80
Quicksilver Mining...
4%
Do
pref
23%
Western Union Telegraph
62% 633<
61% 03
EXPRESS.
Adams
*126
127
131
131
American
93
x*90
93
95
United states
48
49 7*.
4978 49%
Wells, Fargo A Co
*103
*103
110
110
INACTIVE STOCKS.
Atchison Topeka A >antu Fe..
Chicago A Alton, pref
Columbia A Greenville,pref...
_
4%
11,375
3,150
325
9%
2%
19
332,630
100
-20
114
12
8
77g
78%
9%
127
5%
4
*81
,
Richmond A Danville
Richmond A West P’t Term’l.
Rochester A Pittsburg
Rome Watertown A Ogdensb.
8k Louis Alton A Terre Haute
9%
*4 Si
•
2%
1,345
0%
.
127
3,641
‘4 Si
89
f897e 92 Si
90%
91%
91%
‘8
Mobile A Ohio
*8
91-2
8
8
9%
7%
*120
Morris A Essex
123
*118
121
*118
122
r118
42
Nashville Chattanooga A St.L. *39
*37
41
*37
-37
New York Central A Hudson. tl04% 107
103 Si 10 4% i()3 % i'03 % 102% 103% 1007g
New York Chic. A St. Louis
6 Si
*6 %
*0
OSi
6 Si
6 %
*0
6%
6%
Do
13
*12
13
13
14
‘12
14
pref *12
*11%
New York Elevated
130
130
*105
105
130
130
105
*120
130
New York Lack. A Western.
*85
87
85
80
85% 85%
86
New York Lake Erie & West’n
14Si 15
137g 14%
13% 14
13% 14
13%
Do
32
32
32% 32%
pref.
31%
31% 32
New York A New England
11
11
New York New Haven A Hart.
New York Ontario A Western.
9
9%
*8% 10
9
9%
8%
8%
New YorkSnsq. A Western..
*3
‘3%
5
5
*3%
Do
*9
12
pref
Norfolk A Western
Do
30
30
29% 30
29
pref
Northorn Pacific
20
19% 20
20%
19% 19%
19% 19%
19%
Do
45
47 %
44% 40%
pref
44% 45%
44% 45%
44%
Ohio Central
2
2
*1%
*1J4
2%
2%
1%
1%
1%
Ohio* Mississippi
20
20% 20%
20
20
20
Ohio Southern
6%
6%
15
15
Oregon Short Line ...:
13
10 % 12%
Oregon A Trans-Continental..
12% 13
10 Si
10% 11%
lOSi 11%
Peoria Decatur A E\ an-»viile..
9
9
9
*8
9
9%
9%
9
7Si
25
Philadelphia A Reading
25%
24% 24 S
23Sj 24
23% 23 78
24%
Pittsburg Ft. Wayne A Chic..
Rich. A Allegh., st’k trust ctf’s.
35
5 Si
188
34
83%
14%
1,775
87%
35
*4 Si
20 Si
14%
20
*0%
81%
71
9%
23%
20
87
90 7g 100 7e
100% 101%
9%
9%
3%
4
‘
1,655
90,201
3,572
14,487
100
*8%
*20
7%
15
58
*66
102
*0%
84%
58“
i 46
13,228
180,800
Mar.
6
*
126
108% 110%
04% 07 7g
101% 103
88
90%
120
122%
38
*09
28 Si
*
120
9%
23%
27%
88%
*20
87
*35
1,429
7
10
*19
pref.
Sj
8,080
10%
7
10
300
415
9Si
May 16 135
33% Juiio 2o
8
May 22 12 Jan. 18
49
May 24 90 Jan. lli
34
May 141 67% Jan. 10.
970
39%
9%
4%
7%
10
HO
is
0
14
4%
117% 118
3,000
2,800
76
4
10
-8
Milwaukee L. Sh. A Western.
Do
40%
55
128
80%
60
40
100
34%
55
39
*5
127
110% 112%
08
09%
104
104%
38
'
11
27
90
09 Sj
69'
34
57
*120
100% 102
9
9%
5%
-
0
*12
*0
09 Si
38
42%
33%
35 %
39 Si
105
105
93
93%
124 S* 124%
109
110
*8 Si
9%
*20
23 Si
27 Ss 27 S
88 Si 88S1
39
60
44
;
0 Si
14
68%
105
44%
*55
U
127
188
......
81-2
571-2
4 OSi
112 Sj 112 %
113
*4 Si
43%
34%
36
0i4
1021$ 103% lOOSi 102%
10
10%
*9% 10
4 34
4 Si
4 34
4Si
47,
7
*4 3 Si
30
8 Si
127 Si 420
38*4
IOI4
4%
44
30 34
94 7e
125
109 34
9%
*20
23 Si
27 Si 27 Si
88 Si 89i.
39
101% 10314
East Tennessee YTa. A Ga
Do
pref.
Evansville & Terre Haute
Green Bay Winona A St. Paul
Harlem
Houston A Texas Central
Illinois Central
Do
leased line 4 p.c.
3014
56
11314 11334
70*4 72-4
lOii-2
051*2 96 S3
1251-2 120
110% 112
*81.2
9Sa
*20
23 Si
27
88Sa
38 Si
44
8Sa
I2S4
*71.
Sa
*125 ' 12
Chicago St. Paul Minn. & Om.
Do
pref
Cleveland Col. Ginn, A I nil—
Cleveland & Pittsburg, guar..
Delaware Lackawanna A West
Denver A Rio Grande
44 34
37
37
58 %
42
-
Chicago A Alton
Chicago Burlington A Quincy
Chicago Milwaukee & St. Pan!
Do
pref
Chicago A North western..
Do
pref
Chicago Rock Island A Pacific
Chicago St. Louis A Pittsburg
Do
45
00
14
280%
30%
THE CHRONICLE.
734
[vol. xxxvm.
JUNE 20, 1884.
QUOTATIONS OF STATE AND
RAILROAD
BONDS,
STATE
BONDS.
^
1
*82
Ex-matured coupon
10-208,1900
6b
65%
Louisiana—7s- cons.,1914
......
1906
F»h
fMaan
......
*22
....
Vork—Rs, reg., 1887
6s, loan, 1891
I Nmv
20
20
7s, Miss. 6. & R. R. RR.
7s, Arkansas Cent. RR.
i
7s 1886
1
!
*27%
old, .T.it.T.
*10
1866-1868
Funding act.
RAILROAD
Bid.
SECURITIES.
1918
Alleg’yCent.—1st,6s,1922
Ala. Central—1st, 6s,
Atch.T.A S.Fe-4 %s,
1920
Sinking fund, 6s, 1911..!
Gs, 1910.!
Atl. & Pac.—1st,
------
*57
,,
_
N.Y&MB’h—1
Alb. &
Susq.—1st, 7a
Minn.&St.L.—1st,7s,gu. *125
2d, 7s. 1885
la.
lst.cons.,
City.it West.—1st, 7s!
C.Rap. I. F.& N.—1st, 6s
1st, 5s, 1921..
]
85
Buff. N.Y. & Phil.—1st, Os
General, Gs, 1924
1
Can. So.—1st. int. guar. 5s;
97
2d, 5s, 1913
*---|
Reg., 5s, 1913
Central Iowa—1st, 7s, ’99 100
East. Div.—1st, 6s, 1912! —
111. Div.—1st, 6s, 1912..;*....
Ches.it
Aug.—1st, 7sj
O.—Pur.moneyfd.
6s, gold, series A, 1908
6s, gold, senes B, 1908
6s, currency, 1918
.
.
1
84
30 %
03
119
117
93
43
i;
124%
Clev.it
6s, 1906; 115
+
;
,
!i
46
80
31
Deb.
certs., ext’d 5s
j
j
2d, 7s, 1898.
95
|
7s.|
St. L. & Iron Mt.—1st,
2d. 7s, 1897
Arkansas Br’cli—1st,
Cairo it Fulton—1st,
Cairo Ark. it T.—1st,
j!I
'St.L.Alton it
104
,104%
|132
|
Hud.Riv.—7s,2d, s.f., ’85! 102% 102%
Harlem—1st,7s,coup...*! 12§ |
1st, 7s, reg., 1900
j
N.Y. Elev’d—1st, 7s, 1906
iN.Y.P.it O.—Pr.l’n, Gs, ’951
N.Y.C.& N.—Gen.,68,1910;
:
Trust Co. receipts
!
'N.Y. it. N. Engl’d— 1st, 7s
x2o
118% 119%
35
J
!
1st, Gs, 1905
j
N.Y.C.&St.L..-lst,6s,1921
| 2d. 6s, 1923
j
*90
ijy
103
! 120
|
'109
Ext.-6s, 1910..! 108%'HO
1st, consol.. 6s, 1933— 103 H03%
1st. cons., Gs, reg., 1933.
2d, 6s, 1909
Dakota
Min’s Un —1st, 6s,
St. P. <t Dul.—1st,5s,
So. Car. R’y—1st, 6s,
-
v
|101%
T.H.—lst,7s'*lll
1922**108
1931
-----
1920, 103
2d, Gs, 1931
34% Shenand’hV.—1st,7s,1909
General, 6s, 1921
Tex.Cen.—1st, s.f., 7 s, 1909
100"
'111
Ist.P.Minn.it Man.—lst,7sj HO
11
132
1
!
2d, pref., 7s, 1894
1*99
2d, income, 7s, 1894 ...J 100
Bellev.& So. Ill.—1st, 8s: 115
—
7s
7s: 110
78: ----- 1104%
7s 102
1105
7sI"
Gen’lr’y it 1. gr., 5s,1931 i 60 I 62
1st, reg., 1903
Eliz.C.&N.—S.f.,deb.,c.,6s
1st, 6s, 1920
Eliz.Lex.it Big Sandy—Gs
Erie—1st, extended, 7s...
2d, extended, 5s, 1919 ..
3d, extended, 4%s, 1923
4th, extended, 5s, 1920.
5th, 7s, 1888
1st, cons., gold, 7s, 1920
1st, cons., id coup., 7s..
Reorg.. 1st lien, 6s, 1908
*109
Tc'Olfi
r,
Atl.&Ch.—l8t,pf.,7s,’97j
j
T.—1st, Gs
N.Y.C.& H.—1st, cp.,
90
Divisional 5s, 1930
1
T-T
Incomes, 1900
Scioto Val.—1st, cons.,
91% Nash.Chat.it St.L.—1st,7s
2d, Gs, 1901
N. Y. Central—6b, 1887...
grant, 3 %s,
'T'
'lOO
j Mobile it Ohio—New 6s..
|| Collated trust, 6s, 1892
La.it
\r
RomeW.it Og.—1st,7s,’91' 107
!
ti Con., 1st, ext., 5s, 1922.! 66%' 68
-„---! Roch.& Pitt.—1st, Gs, 19211 78 1107
81
Consol., 1st, Gs, 1922—j
5i%! 52
Rich. & Alleg.—1 st, 7 s, 19201
|...
96
Rich.it Danv.—Cons.,g.,6s!
118
50
Debenture Gs, 1927
|
St.L.—1st,7s,1927j*120
'Morgan’s
T
!l31
! 100Li
Cons. 2d, income, 1911..
H. & Cent. Mo.—1st, ’90
92%
Ask.
2d, guar., 7s, 1898
i
Pitts.B.it B.—1st, Gs, 1911:
1106
j General,
5s, 1920
Cons. 7s, l904-5-6
j ------'
Pitts.—Cons.s.fd.j 120
4th,s.fd.,6s,l892
ji
S’thw.Ext.—1st, 7s,1910
Pac. Ext.—1st, Gs, 1921.
iDet.Mftck.itMarq.—lst.Gs.
Land
P.Ff.W.itC.-3d.7s,1912;
104%
Ext.—1st, 7s, 1909i
2d, 7s, 1891
,
Iowa
Bid.
SECURITIES.
115% iMo.K.it T.—Gen’l,6s,1920
lDen.it RioG.West.—lst.Gs
115 %
116
114
!
S.A...I ---i E.T.Va.itGa.—1st,7s,1900,*116
1st, cons., 5s, 1930
54
Mortgage 6s, 1911
St. L». Jack. <ft Chic.—1st
1st, guar. (564), 7s, *94
IMil.L.S.&W.—lsf,6s,19211
iMinn.it
I
Den.So.Pk.it Pac.—1st, 7s
,
2d, 7s, 1900
;133
1st, consol., 7s, 1910
103
75
70
J
Penn. RR.—Continued—
Cin.—1st, 7s...
!Milw. it
*102%
Bens! & Sar—1st, cp.,7s
1st, reg., 7s, 1921
Denv.it Rio Gr.—1st, 1900
111
*108
83
*117%!
cons., gu.,
id...
Registered
30%
Chee.O.&S.W.—M. 5-6s...
Chicago <ft Alton—1st, 7s.
Sinking fund, 6s, 1903..
La. <fe Mo. Riv.—1st, 7s.
*131
Ill
111%
Registered
Funding 5s, 1899
.
Ask.
Bid.
Jack.Lan.itSag.—Gs,’91.!*102
No.—1st, Gs, 1910;
,
»
guar.78,1906
Registered
1st,
..
'118
*
3-65s, 1924
|
38
44
6 s, deferred
Distilct of Columbia—
'
.
Metropolit’n El.—1st,1908 103
!! 2d, Gs, 1899
iiMex. Cent.—1st, 7s, 1911.
Mich.Cent.-Cons.7s, 1902 124
103
Consol. 5s, 1902
6s, 1909
i*
t
Coupon, 5s, 1931
Registered, 5s, 1931.... 1*100
124
123
*121
Coupon, 7s, 1894
Registered, 7s, 1894 —
1st, Pa. Div., cp., 7s, 1917
1st, Pa. Div., reg., 1917.
Balt.& O.—1st, 6s, Prk.Br. *113
Bost. Hartf. & E.—1st, 7s *
Guaranteed
1
Bur. C. Rap.it No.— 1st, 5s 100*2T00%
Char. Col. &
'
1st,consol., guar., 7s.. -----N.Y. Lack.it W.—1st, Gs, 11 ^ %'---Construction, 58, 1923.
\ 98
Del.it Hud. Canal—1st, 7s! 103
110
7s, 1891
1st. ext., 7s, 1891
(Stock Exchange Prices.)
1869 1
38
42
C’mp’mise,3-4-5-08,1912
Virginia—6s, old
6s, new, 1866
6s, consol, bonds
6s, ex-matured coupon.
6s, consol., 2d series
1
80
*105
SECURITIES.
j Marietta &
Del. L. it \V.—Contin’d—
Bonds, 7s, 1900
7s of 1871,1901
Railroad Bonds.
Ask.
BONDS.
Ask.
Bid.
SECURITIES.
Ask.
6
6
non-fnndablo, 1888. )
Brown consol’n 6s, 1893 *105
37%
Tennessee—6s, old, 1892-8
6s, new, 1892-8-1900 ... *38
'
N. Ofl.rnlina—6s.
*
1910
6s, 1919
Ohio—6s, 1886
South Carolina—
6s, Act Mar. 23,
i
*
*12%
Wil.C.&Ru.R.
Do
Consol. 4s,
Bid.
1 Tennessee—Continued—
6s, new series, 1914 ....
Special tax. all classes..
Missouri—6s, 1886
6s, due 1839 or 1890....
A
12%
syl’in nr TTni v.. d«o ’92
Funding, 1894-95
! Hannibal it St. Jo., ’86.
7 %
78 L R P B.&N.O.RR
N. Carolina—Continued—
New bonds, J.&J., ’92-8
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
104
-----
*
109
81
95
96
*10
*10
‘10
2d, (360), 7s. 1898
96
97%
1st rnort., 7s, 1911
2d, gnar. (188), 7s, ’98
;Tol. Del. & Burl.—Main,6s
Misa.K.Br’ge—1st, s.f.6s
Long Dookb’nds, 7s, ’93
N.Y.W.Sh.it
Buff.—Cp.,6s *38%
1st, Dayt. Div., 6s, 1910
BuffN.Y.it E.—1st,1916
C.B.&Q.—Consoles, 1903! 128% 128%
i
N.Y.L.E.itW.—New2d 6
| 1st, Ter’l trust, 6s, 1910
Registered, 5s, 1931 — j *38%
6s, sinking fund. 1901..
92
trust,Gs,1922.
Collat’l
I N.Y.Susq.itWest.—1st, 6s, 72 |
| Tex.it N. O.—1st, 7s, 1905
6s, debentures. 1913—|
89
106
Debenture, 6s, 1897
'
Sabine Div.—1st,6s,1912
Buff.it S.W.—M.,6s,1908
la. Div.—S. fd., 5s, 1919 j*
62
96% ! Midland of N.J.—1st, 6s'
91
82 j 83 , Va. Mid.—M. inc., 6s. 1927
Ev.it T. H.—1st, cons., 6s
Sinking fund, 4s, 1919
38
! Wab.St.L.itPac.—Gen’IGs
iN.Y.N.H.&H.—1st, rg.,4s 103 |
Mt.Vern’n— 1st, Gs, 1923
Denver .Div.—4s, 1922..
60
Chic. Div— 5s, 1910.
Nevada Central—1st, 6s...
Plain 4s, 1921
Fl’tit P.Marq.—M.6s, 1920 112% 113
Hav. Div.—6s, 1910
N.Pac.—G.l.gr., lst,cp.,6s! 102%;102%
127%' Gal. Har.it S.Aht.—1st, 6s *106%
C.R.I.& P.—6s, cp., 1917. ‘126
90
94
78.1917
127%
Registered, 6s. 1921 — ;*10')%i
I Tol.P.&W.—1st,
2d, 7s, 1905
*----• 105
103
N.O. Pac.—1st, 6s, g., 1920
Keok. <t Dos M.—1st, 5s! 102
Mex. & Pac.—1st, 5s—
91%
54 , 54% Iowa Div.—6s, 1921
Ind’polis Div.—6s, 1921
Norf.&W—Gen’l,6s,1931j
j 99
Central of N.J.—1st, 1890 114
2d, 6s. 1931
Detroit Div.—6s, 1921..
New River—1st, 6s, 1932' *95
l8tconsol.a88ented,1899| 104 104 J Gr’nBayW.itSt.P.—lst,6s| ---75
113
Cairo
Div.—5s, 1931
No.Railway (Cal.)—1st, 6s 107%
Conv., assented, 7s, 1902' 103%!104 | !Gulf Col.it S. Fo—78,1909 *110
80
Wabash—Mort. 7 s, 1909
OhioAMiss—Consol.s.fd. *
'119
Adjustment, 7s, 1903... 103% 104 i| 2d, 6s. 1923
98
Tol. & W.—1st, ext., 7s
103%
80 : Hann. it St. Jos.—8s,conv. 103
Consolidated 7s, 1898...i*llB% 119
Conv. debent. Gs, 1908..
"89'
109%
92 11
1st, St. L. Div?, 7s, ’89
90
1113%' 2d consolidated 7s, 1911 i
Leh.&W.B.—Con.g’d.as.
Consol. 68, 1911
75
2d. ext.. 7s, 1893
88
Am.D’kit Imp.—5s,l921'
Houston & Texas Cent.—
|| 1st, Springfield I)iv., 7s * 45 110
50
108
xH)%' Ohio Central—1st, 6s,1920|
Equipm’tbds, 7s. ’83.
Chic. Mil. & St. Paul—
I
1st, M. L., 7s
50
"60*
Consol, conv., 7s, 1907
11 1st, Term’l Tr., 6s, 1920;
1st, Western Div., 7s ... 106 |
1st, 8s, P. D
! 130 133
100
HO
Gt.West’n—1st, 7s, ’88
j j 1st, Min’l Div., 6s, 1-921
1st, Waco it No., 78
2d, 7 3-10, P.D., 1898...| 118
80
75
78
2d, 7s, 1893
'Ohio So.—1st, 6s,1921
1st, 7s, $ g.. R.D., 1902. *123 128
2d, consol., maino line,8s 117
i
Q.&
7s,
Tol.—1st,
1890
Orog’nit
Cal.—1st,6s,1921
2d, AVaco & No., 88,1915
1st, LaC. Div., 7s, 1893. *118%
71%
93
Han.it Naples—1st, 7s
121
Or.<tTran8C’l—6s.’82-1922
General. 6s, 1921
1st, I. & M.,7s, 1897 ...;*116
60 |i
99
I11.& So.Ia.—l8t,ex.,6s
120
Houst.E.itW.Tex.—1st,7s
Oregon Imp. Co.—1st, 6s. j 57
1st, I. <fe D.. 7s, 1899....,*....
.101
103%
St.L.K.C.&N.—R.e.,7s
S' 1st, C. & M., 7s, 1903...j 123
Oreg’n RR.it Nav.—lst.6s!
2d, 6s, 1913
95
Omaha I)iv.—1st, 7s
121
Panama—S.f., sub.6s,1910;
Consol. 7s. 1905
Illinois Central—
| 120
85
98
Clar’da Br.-6s, 1919
Peoria Dec. & Ev.—1st. 6s;
2d, 7s, 1884
i*100
Springfield Div.—Cp. 6s.
6s
St.Chas.Bge.—1st.
Evans.Div.—1st,6s,1920!
Middle
Div.—Reg.,
103
5s...
1st, 7s, I. A D.Ext., 1908 *120
117’
104
No. Missouri—1st, 7s.
Peoria it Pek.U’n—1st, 6s
C.St.L.it N.O.—Ten.1.,78
1st, 8.W. Div., 6s, 1909.1 107
West. Un.Tel.—l900,coup. 105% 108
Pacilic Railroads—
1st, 5s, LaC.it Dav.,1919i *95
1st, consol., 7s, 1897 ..
*105 j
114
1900, reg
Central Pac.—G., 6s
lst.S.Minn. Div., 6s, 1910, 109
2d, 6s. 1907
105
; N.W. Telegraph—7s, 1904
124
San Joaquin Br.—6s.. *103%'
1st, H. «t D., 7s, 1910...! ....
Gold, 5s, 1951
, ---•
64
64%
i jMut.Un.Tel.-S.fd,68,1911
115
Cal. & Oregon—1st, 6s 100
Chic.it Pac.Div.,Gs.1910,*114
Dub. it S. C.—2d Div., 7s *114
....
' 95
State
Aid
hds.,
7s,
’84
v100
W.W.—1st,6s
Spring
Val.
Ced.
7s1
F.
it
Minn.—1st,
122
lst,Chic.&P.W.,5s.l921 94
93
94
Iiand grant bonds, 6s.! 100
Min’l Pt. Div., 5s, 1910.
Ind. Bl. &W.—1st pref.,7s 115
j—
West. Pac.—Bonds, 6s *105 . 109
C.& L.Sup.Div., 6s, 1921 *92
1st, 4-5-0s, 1909
1
80
94
So. Pac. of Cal.
lst.Gs''*101
'!
INCOME BONDS.
Wis.it Mm.Div..58,1921
2d, 4-5-6s, 1909
-j 60
So.Pac.of Ariz’a—1st, 6s
98 ;
Eastern Div., 6s, 1921.J ---.---j 79
Chic. & Northwest.—
'[
So.Pac.of
N.Mex.-1st,6s
97%
[[(Interest
payableif earned.)
Sink, fund, 7s, 1885
Indiannp.D.it Spr.—1st,7s
95
99
j 104
131
Union Pacific— 1st. 6s
109 109%',
Consol, bonds, 7s, 1915.]
i 2(1,58,1911
|
j---Land grants, 78,’87-89 106 i
Extension bonds, 7s, ’85
Int.ifcGt.No.—1st, 6s, gold 108 ;107
Alleg’ny Cent.—Inc., 1912
9
104
Sinking funds, 8s,’93.'
105
Atl. it Pac.—Inc., 1910...
1st, 7s, 1885
Coupon, 6s, 1909
'
125% Ken t’Kv Cent.--M. 6s, 1911
Reg.,8s, 1893:
|
|
Central of N. J.—1908 ....
Coupon, gold, 7s, 1902..
....
Regist’d, gold, 7s, 1902.
Sinking fund, 6s, 1929..
125
110
1929, reg
Sinking fund, 6s, 1929..
Sink, fund, Gs,
_
98
fund, 6s, 1929, reg
91%
Bink’g fd. deb., 5s, 1933
Escauaba it L.8.—1st,6s *92
Des M.it Min’ap.—1st,7s
Iowa Midland—1st, 8s.. *120
Peninsula—1st, conv. 7s *118
Chic.it Milw’kee—lst.7s 122
Win.it St.P.—1st, 7s,’87 107%
2d, 7s, 1907
Mil.* Mad.—1st,6s,1905
C.C.C.& Ind’s-lst,7s,s.fd. *120
Consol. 7s, 1914
Consol, sink.fd., 7s, 1914
General consol., 6s, 1934
C.St.P.M.it O.—Consol. 6s 106
Sink,
-
6t.P.&
112
100
100
91%
93
S.C.—lst.Gs,1919]
Chic.it E.Ilh—1st,s.f.,cur.
Chic.St.L.it P.—lst.con.5s *
Chic. <t Atl.—1st, 6s, 1920
Del. L.it W.—7s. conv.,
108%
121
117
120
Morris it Essex—1st, 7s
M.AE-2d,7a, 1891....
108
115
115
100
90
77
130
*
133
114
?
-
„
.
’
,
..
.
coup., 1st, 7s.I
reg., 1st, 7s...
coup.. 2d, 7s..reg., 2d, 7s ...
125
*120
116%
116%
Long I si. RR.—1st, 7b, ’98
1st, consol., 5s, 1931
—
Louis. West.—1st, 6s
Louisville it Nashville—
107% |
’92
ByT.Bing.it N.Y.—1st,7s
!
i
Consol., 7s, 1898
...
Cecilinn Br’ch—7s, 1907
N.O. it Mob.—1st,6s, 1930
E.H.&
N.—1st, 6s, 1919
General, 6s, 1930
Pensacola Div.—6s, 1920
St. L. Div.—1st, 6s, 1921
2d, 3s, 1980
Nashv. & Dec.—1st. 7s.
N.Ala.—S.f.,6s,1910
Loban’n-Knox—6s, 1931
Louisv. C.& L.—6s, 1931
Trust bonds, 6s, 1922.
L.Erieit W.—1st. 6s, 1919
Sandusky Div.—6s, 1919
Laf.Bl.it M.—1st, 6s, 1919
Louisv.N. Alb.&C.—l8t,6s
Manhat.B’ch
Co.—7s,l 909
Rt,7s.’97
Vo prices Friday; these ere latest quotations made this week.
117
75'
2d, 6s, 1930
S.&
Mortgage 7s, 1907
.
Consol.,
Consol.,
Consol.,
Consol.,
125
2d, 6s, 1923
Chic.itW.Ind.—1st, s.f., 6s
Gen’lmort., 6s, 1932—
Col.it Green.—1st, 6s,1916
2d, 6s, 1926
Col. H.Val. <t Tol.—1st, 5s
^
......
Det.M.it T.—1st,7s,1906 *120
Lake Shore—Div. bonds; 120
-
C.St.P&M.—1st,6s, 1918,*114
No. Wis.—1st. 6s, 1930.
■
Lake Shore—
M. S. & N. I., s. f.. 7s ... ‘102
Cleve. it Tol.—Sink’g fd. *104% 105
Now bonds, 7s, 1886..1*102
Cleve. P. & Ash.—7s— ail
Buff. & Erie—New hds
Kal.it W. Pigeon—1st.,
111%
-.
'
74
94'
Collateral Trust,
6s...j *95
5s,1907i
Kans.Pac.—1st, 6s,’95! 101
1st, 6s, 1896
i
Denv.Div.Gs.as’d,’99! 97
1st, consol., 6s._1919!
C.Br.U.P.—F.c.,78, ’95 *
At.C.it P.—1st,6s,1905;
At. J. Co.it W.—1st, 6s
Oreg. Short L.—1st, 6s'
Ut.So.—Gen., 7s, 1909^....
Exten., 1st, 7s, 1909; *95
Mo. Pac.—1st, cons., 6s.!
95
3d, 7s, 1906
! 102
Pac. of Mo.—1st, 6s...I 105
2d, 7s. 1891
St.L.it S.F.—2d, 6s, Cl Ai
3-6s, Class C, 1906
3-6s, Class B, 1906....
1st, 6s, Pierce C. & O.
Equipment, 7s, 1895..
Gen’l mort., 6s. 1931..
do
|
....
So. Pac. of Mo.—1st,6s
Tex.it Pac.—1st, 68,1905
Consol., 6s. 1905
Income it Id. gr., reg..
1st,Rio G.Div.,6s,1930
Pennsylvania RR.—
guar.4%s,lst,cp
Registered, 1921
Pa.Co.’s
Pitt.C.it St.L.—1st,
1st, reg., 7s, 1900
c.,7s
2d, 7s, 1913
Pitts. FtAV.it Chic.—l3t
2d, 7s, 1912....
Cent.Ia.—Coup.deb.certs.
!
I-..-..!'Ch.St.P.itM.—L.gr.inc.,6s
i
1 Chic, it E. Ill.—Inc., 1907
|100% ,DesM.it Ft.D.—lst,inc.,6s
1 97% Det. Mack, it Marq.—Inc.
| 73 ; E.T.V.&Ga.—Inc.,68,1931
13
Elizab. C. it
Nor.—2d, inc.
Gr.BayW.&
St.P.—2d,inc.|*.--
Ind. Bl. & W.—Inc.,
1919
-
105 %
99
1
Sand’ky Div.—Inc.,1920
Laf.Bl.it Mun.—Inc.,78,’99
! Mil. L. Sh.it W.—Incomes
Mob.it O.—lst,prf„ deben.
2d, pref., debentures
3d, pref., debentures—
4th, pref., debentures ..
N.Y.Lake E.&W—Inc.Gs
N.Y.P.& O.—l8t,inc.ac.,7s
Ohio Cent.—Income, 1920
Min’l Div.—Inc.,7s,1921
Ohio So.—2d inc.. 6s, 1921
Ogden8.it L.C.—Inc., 1920
PeoriaD.&Ev.—Inc., 1920
Evansv.Div.-r-Inc., 1920
Peoria & Pek.Un.—Inc.,6s
Roch.it Pittsh.—Inc.,1921
Rome W. & Og.—Inc., 7s.
So.Car.Ry.—Inc., 6s, 1931
St.L.itI.Mt.—lst,7s,pr.i.a
St. L.A.tt T. H.—Div. bds-
18
25*
Consol., inc., 6s, 1921...
Ind’sDec.it Spr’d—2d,inc.
Trust Co. certificates..
Leh. & Wilkesb. Coal—’88
Lake E.it W.—Inc.,7s,’99
14%
30
80*
12
*10
12
15%
85
69%
22
20
20
*35'
*20
45
33
THE CHRONICLE.
June 21, 1884. f
New York Local Securities.
Quotations In Boston, Philadelphia and Baltimore.
Insurance Stock List.
Bank Stock List.
Ask.
Bid.
not National.
PRICE.
COMPANIES.
Par.
Bid.
As]
Metropolitan
Murray Hill*
Nassau*
New York
New York
117
130
f80
.
N. Y. Nat. Exch....
Ninth
North America*....
North River*
Oriental*
Pacific*
i52**i
109*2
People’s*
Phenix
Produce*
Republic
100
Second
Shoe * Leather
State of New York*
Third
100
100
100
100
100
100
40
Park
Bt. Nicholas*
Seventh Ward
Tradesmen’s
Union
W-
.
.
Clinton
Commercial....
Continental
.
.
.
Eagle
Empire City
Exchange
Farr a gut
.
.
.
.
.
.
.
.
.
.
....
Hamilton
Hanover
150
Irving.
—
150
& Traders’
j
120
|
62*2
17
20
.
Greenwich
Guardian
155
50
100
25
25
.
Globe
170*
70
100
50
100
40
100
30
50
17
10
100
100
50
50
25
100
15
50
100
50
100
30
20
40
50
25
100
25
50
50
50
50
50
145
105
145
165
160
145
120
120
70
225
235
70
90
106
80
70
110
205
137
110
230
60
110
135
135
55
120
200
85
100
70
100
60
105
60
100
Montauk (Bklyn.)..
105
Nassau (Bklyn.) ...
145
National
i(
37*2 85
1
N. Y. Equitable
35
150
N. Y. Fire
100
80
120
Niagara
'I 50
North River
25
105
Pacific
I| 25 170
Park
100
100
Peter Cooper
20
160
50
108
People’s
Phenix
140
50
25
115
Rutger’s
Standard
95
50
Star
100
65
100
50
Sterling
25
117
Stuy vesant
Tradesmen’s
25
75
United States
25
L25
Westchester
10
120
200
Williamsburg City. 50
..
...
125
150
145
100
105
120
150
155
113
163
175
170
150
125
125
90
240
250
80
100
115
85
80
116
225
145
115
290
65
115
145
140
65
65
126
210
90
110
75
110
86
112
65
105
110
150
95
160
95
130
110
180
108
165
116
150
126
100
60
65
[25
85
133
L25
225
BOSTON,
13
13
11234!..._
City Railroad Stocks and Bonds.
[Gas Quotations by Geo. H. Prentiss & Co., Brokers, 11 Wall Street.]
<D
♦a
GAS COMPANIES.
Par.
Brooklyn Gas-Light
Citizens’ Gas-L.
Bonds...
Harlem
a
A
Date.
*
Bid.
2,000,000 Var’s 5
May 10,’84 130
Jan. 1. ’84
89
1,200,000 Var’s 3
315.000 A. & 0. 3*o Apr. 1/81 107
1,000
F eb. 1. ’84 119
50 2,000,000 F. & A 3
20
750,000 J. & J. 7*2 Jan. 1, '84 160
50 4,000,000 J. & J. 5
June 2,’84 285
100 2,500,000 M.&N. 5
Mayl3/84 237
25
20
(bklyn).
Jersey City* Hoboken..
Manhattan
Metropolitan
Bonus
Mutual (N. Y.)
Bonds
Nassau (Bklyn.)
600
100
1,000
25
Var’s
100
10
Scrip
New York
Amount. Period
..
People’s (Bklyn.)
Bonds
Bonds
Central of New York
1,000
Var’s
60”
Williamsburg
50
Bonds
1,000
Metropolitan (Bklvn.)..
Municipal
100
100
Bonds
Fulton Municipal
100
Equitable
ioo
Bonds
760,000 F.
* A.
3
2*o Apr. 10 ’84
1902
1,500,000 M.&N. 6
3,500,000 Quar.
1,000,000
Var’s
2
June
2,'84
700,000 m;*n. 2*o May 1, ’84
May 1, ’84
4,000,000 M.&N. 5
1,000,000
375,000
126,000
466,000
1,000,000
1,000,000
1,000,000
3,000,000
750,000
3,000,000
300,000
2,000,000
107
128
103
100
90
150
78
J. & J. 3
June 2/84
M.&N. 3*o May 1/84 106
Var’s
3
Apr. 1, ’84 95
F. & A. 2
Feb., ’84 75
Quar. 2*o Apr. 21’84 115
A.&O. 3
Apr. 1, ’84 105
M.&N. 3
Jan. 1, '84
90
5
J’nel0/84 200
M.&N. 6
1888
107*o
3
May26,»34 135
J. * J. 6
108
90
Ask
91
110
122
160
295
242
110
130
106
107
92
153
80
110
100
90
125
108
93
206
lio
140
112
95
[Quotations by H. L. Grant, Broker, 145 Broadway.]
Bl’cker St.& Fult.F.—Stk
1st mort
Bridway & 7th A v.—St’k.
1st mort
100
1,000
100
1,000
Brooklyn City—Stock
10
1st mort.
1,000
Bklyn. Crosstown—Stock
100
1st mort. bonds
1,000
Bnshw’kAv. (Bkln)—St’k
100
100
Central Crosstown—Stk.
1st mort.
1,000
Cent.Pk.N.* E.Riv.-Stk
Consol, mort. bonds
Christ’ph’r&lOth St^-Stk
Bonds
DryDk.E.B.A Bat’y—Stk
1st mort., consol
Scrip
Eighth
Av.—Stock
...
Scrip
42d & Grind St.F’ry—Stk
1st mort
Houst.W.St.&P.F’y-Stk
1st mort
Seoond Av.—Stock
3d mort
Consol
Sixth Av.—Stock & scrip
1st
uiUfl.
...........
Third Av.—Stuck
1st mort
Twenty-third
100
-
1,000
100
1,000
100
500&C.
100
100
100
100
1,000
100
600
100
1,000
1,000
100
1,000
100
1,000
900,0001J. & J.
700,000 J. & J.
2,100,000 Q.—J.
1,500,000 J. & D.
2,000,000 Q.—F.
800,000 J. & I.
200,000 A.&O.
400,000 J. & J.
500,000 Q.-F.
600,000 Q.—J.
250,000 M.&N.
1,800,000 Q.—J.
1,200,000 J. AD.
650,000 F. & A.
250,000 A.&O.
1,200,000 Q.—F.
900,000 J. & D.
1,200,000 F.& A.
1,000,000) Q.—J.
1,000,900; F & A.
748,000 M.&N.
236,000; A.&O.
250,000 Q.—F.
500,000'J. & J.
1,862,000 J. & J.
150,000 A.&O.
1,050,000 M.&N.
1,500,000 M.& S.
500,000 J. & J.
2,000,000 Q.—F.
2,000,000 J. * J.
600,000'F.& A.
34 Jan., ’84
July, 1900
2
April, ’84
5
June,1904
3*2 May, ’84
5
Jan., 1902
4
April, ’84
7
Jan., 1888
2
May. ’84
1*2 April, ’84
7
23
109
116
Income
Old Colony—7s
6s
Pueblo & Ark. Val.—7s..
Debenture 6s, reg
Norfolk A West.—Gen..6s
116
N. R. Div., 1st, 6s. 1932
Oil City* Chic.—1st, 6s..
90*2 1 oil Creek—1st, 6s, coup..
Rutland—6s, 1st
*6*0
Cheshire, preferred
34*2
Chic. & west Michigan..
Cinn. Sandusky & Clevo.
Concord
Connecticut River
-
*1*6
—
164
75
Conn. * Passumpsic
Connotton Valley
Det. Lansing & No., pref.
iYa*‘
21
ioi‘*a
101
76
*
77
27*
17*
**7*6"
11
139*2
7
6
June,
*84 200
’93 114
1914
104
2*2 April, ’84 265
6
Feb., 1914 105
6
May. ’84 250
7
April, ’93 112
2
7
5
7
7
10
7
4
7
May,
July,
Jan.,
April,
May,
Mch.,
Inly,
May,
Jan.,
’841125
119*3
140
116
215
116*2
106
285
no
265
117
140
’94 111
113*2
205
’84
’90
200
100*2
105
320
110
275
111
170
110
101*2
106
335
115
280
113
176
100
4
St.—Stock.
Feb., *84
1st mort....
250.000 M.&N. 7
113
May. '93
*
This column shows last dividend on stocks, hut date of maturity on bond?.
9
18
16
51*2
20
Preferred
Little Schuylkill
Minehill & Sell. Haven...
4^8
13
12
25
53 *4
12
108*2
12*4
12*4
92
121*9
78
126
Ill
94*4
50
Syr.Gen.A Corn.—1st, 7s.
*4*4*
40*4 ,41*2
>•
old, 1923—
ConH. 6s, 1909
W. J ersey* Atl.—1 st,6s,C.
Western Penn.—6s, coup.
115
Mort. HR., reg., 1897
Cons., 7s, reg., 1911.
Greenw’d Tr., 7s, reg
Morris—Boat Loan rg.,’85
Pennsvlv.—6s, cp., 1910..
112
107
77*a
105
114
85
RAILR’D STOCKS. Par
Atlanta & Charlotte...
Baltimore * Ohio
100
1st pref
2d pref
Parkersburg Br
90.
96*
177
70
180
131*a
50
Central Ohio—Com
50
Pref
50
Western Maryland ....50
RAILROAD BONDS.
Atlanta & Chari.—1st—
Inc
2d
Cin. Wash. & Balt—lsts.
2ds
3ds
60
14*2
104
80
102
108
105
96
63*2
30
96
106
88
106V
98
99
65*4
32
63
6s, 1900, A. & O
6s, gold. 1900. J.&J....
6s, Series A
5s, Series B
103
117
119*
118
104
104
Pitt8b.*Con’ell8.—7sJ AJ
Union RR.—1st, gna.J&J
Canton endorsed
123
Virginia & Tenn.—6s
102*4 102*
—
W.Md.—6s’* 1st, *g.*,’J. &*J.
124
2d, guar., J. & J
2d, guar. byW.Co.,J.*J.
6s, 3d, gnar., J. * J
Wilm. C. & Aug.—6s
t in
default.
128
108*2 110
WI1. Ar WAinnn—MnH. 7a
t Per share.
116
123
BA LTOIORE.
2ds
116
110
107*9
Schuylk. Nav.—1st,6s,rg.
2d, 6s, reg., 1907
No.Central—6s, ’85, J.&J.
121
116
6s, P. B„ 1896
Columbia* Greenv.—lsts
10
80
Union & Titusv.—1st, 7s.
United N. J.—Cons.6s,’94
Cons. 6s, gold, 1901
Cons. 6s, gold, 1908—
Balt.&Ohio—6s„’85A.*0
190*2 191*2 Cen. Ohio.—6s, lst,M.*S.
Chari. Col. & Aug.—1st..
1 0^2
Ex-dividend
91
Sunburv & Erie—1st, 7s.
Sunb. Haz. & W.—1st, 5s
Lehigh Nav.—6s,reg.,’84.
50*4
78, E. ext., 1910
15
Inc. 7s, end., coup., ’94
Ashtab. & Pitthb.—1st,6s
1st, 6s, reg., 1908
Belvid’e Del.—1st,6s,1902
102
2d, 6s, 1885
3d, 6s. 1887
Bell’s Gap—1st, 7s, 1893.
1st, 6s, 1905...
Consol., 6s, 1913
Buff. N.Y.& Phil.—1st,6s
2d, 7s, 1908
Cons. 6s, 1921
*
1909
130
63
65
53
*4*6”
Income, 6s, 1923
Income, 5s, 1914
Gen., 7s, coup.. 1901
CANAL BONDS.
Ches. & Del.—1st, 6s, 1886
Allegh. Val.—7 3-10s, ’96
st. Tr. «a
76**
100
44" *5*6"
Conv., 7s, R. C., 1893..*
Conv. 7s, cp.off, Jan.,’85
Phil. Wil.& Balt.—4s.tr.ct
Pitts.Citi.& St.L.—7s, reg
Pitts. Titus. & B.—7s,cp.
Sliamokin V. * Potts.—7s
22
53
RAILROAD BONDS.
1
76*i
Cons. 58.2d ser.,c..l933
Gen., 4s,
8
.
ii*8"
2d, 7s, coup., 1893
Cons., 7s, reg., 1911
Cons., 7s, coup., 1911..
Cons., 6s, g., I.R.C.1911
Imp., 69, g., coup., 1897
Gen., 6s, g., coup., 1908
Gen., 7s, coup., 1908—
Income, 7s, coup., 1896
Cons. 5s, 1st ser.,c.,1922
Warren & F.—1st, 7s,’96
West Chester—Cons. 7s..
W. Jersey—1st, 6s, cp.,’96
64*2
Lehigh Navigation
Pennsylvania
Schuylkill Nav., pref...
,
1st, 7s, 1899
Phila. Ger. & Norristown
Phila. Newtown & N.Y..
Phila. & Reading
Phila. & Trenton
Phila. Wilm. & Balt....
Pittsb.Cin.* St. L.—Com.
United N. J. Companies..
Westchester—Cons. pref.
West Jersey
West Jersey * Atlantic..
CANAL STOCKS.
144
,
2d, 6s, 1938
4i*
105
216
110
160
112
165
155
’84
’85
’88
’84
’90
30c.
131*2
56*2
Allegheny Valley
Ashtabula & Pittsburg
Pennsylvania
112*2
19
18
PHILADELPHIA.
110*2
99
Gen’l 6s, 1921
RAILROAD STOCKS, t
Norfolk & West’n—Com.
Preferred
Northern Central
North Pennsylvania
96*2
*:::::'i*03"
Penusylv.— Gen., 6s, reg. 123V
122
Gen 6s, cp., 1910
Cons., 6s, reg., 1905— 116
Cons., 6s, coup., 1905...
Cons 5s, reg., 1919
Pa. & N. Y. C.—7s, 1896.
7,1906
101
Perkiomen—1 st, 6s,cp.’87
Phil &Erio—2d.7s,cp.,’88 i Vi*
Cons., 6s, 1920
J
i*04*’
Cons., 5s, 1920
Shen. Val.—1st, 7 s,
.
Nesquehoning Valley....
127
Scrip, 1882
20
60
145
Lehigh Valley
103
Conv. Adj. Scrip, ’85-88
Debenture coup., 1893J
Maine Central
Manchester & Lawrence.
Preferred
,122
Phila. Newt. & N.Y.—1st
Phil. * R.—1 st, 6s, 1910..
★
Preferred
Huntingd’n * Broad Top
120
133
121
Gen., 7s, 1903
Sonora—78
38
STOCKS.
Atchison & Topeka
65 *4 65 *2
169
Boston & Albany
Boston & Lowell.
160
Boston & Maine
Boston* Providence.... *166
Preferred
Catawissa
1st preferred
2d preferred
Delaware & Bound Brook
East Pennsylvania
Elmira & Williamsport..
Preferred
lie*
Ithaca*Alh.—1st, gld.,7s
Junction—1st, 6s, 1882...
2d, 6s, 1900
*8,! I Leh. V —1 st,6s,C.&R. ,’98
7V
2d, 7s, reg., 1910
90
Cons. 6s, C.& K., 1023..
100*2 N. O. Pac.—1st, 6s, 1920.
99
115
No. Penn.—1st, 6s, cp,,’85
2d, 7s, cp. 1896
Ogdensb.* L.Ch.—Con.6s
Preferred
Bell’s Gap
Buffalo N.Y. * Phil....
Preferred
Camdeu & Atlantic
‘
1890
....
Philadelphia & Erie
103
212
106
150
105
160
145
6
111
Nov..1922
2
April, ’84 140
7
Dec., 1902 118
2*a Feb., ’84 130
7
Oct., 1898 no
2*2 May,
25 4
H.&B.T —1st, 7s, g..
Cons. 5s, 1395
1110
90
34 V 64
N. Mexico* So. Pac.—7s
132~
125
105
104 *2
115
100
1888
1920
1910
95*2! 9*
?
Norwich* Worcester...
Old Colony
Portland Saco & Portsm.
Rutland—Preferred....
Revere Beach A Lynn
Tol. Cinn. A St. Louis
Vermout & Mass
Worcester & Nashua...
Wisconsin Central
Preferred
East Penn.— 1st, 7s,
Easton* Amb’v—5s,
El AWmsp’t-l st,6s,
5s, perpetual
Harnsb’g— 1st, 6s, 1883..
....
109*41 HO
England—6s..
...
1900-04
—
'
.....
109
115
cp.,
120
Cor.Cowan* Ant.,deb. 6s,
Delaware- 6s, rg.& cp ,V.
Del & Bound Br
1st, 7s
85
117
.
Gas and
Connect’g 6s,
116
....)
K. City Sp’d & Mem.—Gs
Mexican Central—7s
N. Y. & New England
i*4*5**
Catawissa— 1st, 7s, con. c.
Chat. M„ 108, 1888.....
New 7s, reg. & coup
Cliart’rs V.—1st, 7s, 1901
ill 2
102 *4 104
new..
Fort Scott & Gulf—7s
K. City Lawr. & So,—6s..
K. City St. Jo. &C. B.—7s
Little R. & Ft. 8.—7s, 1st
Iowa Falls & Sioux City.
Kau. C. Springf. & Mem.
Little Rock & Ft. Smith.
Louisiana* Mo. River..
;
tCam. & Burl. Co.—6s, ’97.
East’rn, Mass.—6s,
Eastern, Mass
Fitchbnrg
Flint & Pere Marquette.
108*4 108*2
Atl.—1st,7s,g.,’93
2d, 6s. 1904
Cons., 6 p. c
9
Conn. & Passumpsic—78.
Connotton Valiev—6s
5s
7s
Cam. &
86
84
Nebraska, 6s.Non-ex’pt
Nebraska, 4s
Nashua Ar. TiflWflll
106*2
Amboy—6s, c./89
Mort., 6s, 1889
118
6s
Boston * Providence—7h
Burl. & Mo.—Ld. gr.f 7s.
Nebraska, 6s. Exempt! :
Income
N. Y. & N.
As8“
Bid.
Cam. *
Atch. * Topeka—1st, 7s.
Land grant, 7s
Atlantic & Pacific—6s
Income
Boston & Maine—7s
Boston & Albany—7s
6s
Boston & Lowell—7s
Marq. Hough t’n & Onton.
Preferred
120
50
100
50
100
United States
Wall Street
West Side*
.
Firemen’s
Firemen’s Trust...
Franklin & Erap..
German-American
Germania
100
100
100
100
70
30
25
60
100
25
20
50
.
Bowery
Broadway
Brooklyn
City
100
50
County
.
Citizens’
—
50
100
1*0
280
American
Amer. Exchange..
SECURITIES.
Buff.Pitts.A W.—Gen.,6s
...
100
Amer. Exchange... 100
25
Broadway
25
Butchers’ & Drov’s’
100
Central.'.
100
Chase
25
Chatham
100
Chemical
*5
Citizens’
10/
City
100
Commerce
100
Continental
Corn Exchange*.... 100
25
East River
25
Eleventh Ward*....
100
Fifth
100
Fifth Avenue*
100
First
100
Fourth
30
Fulton
50
Gallatin
Garfield
?
100
German American*.
75
German Exchange* 100
Germania*
100
Greenwich*
25
Hanover
100
100
Imp. & Traders’
50
Irving
Leather Manuf’rs’.. 100
Manhattan*
50
Marine
100
Market
100
Mechanics’
25
Mechanics’* Trade’
25
Mercantile
100
Mercn ants'
50
Merchants’ Exch...
50
100
Metropolis*
America*
AskJ
Bid.
SECURITIES.
[Prices by E. S. Bailey, 7 Pine St.]
PRICE.
COMPANIES.
735
i Kx-rightt.
110
EARNINGS.
The latest railroad earnings and the totals from Jan. 1 to
latest date are given below. The statement includes the gross
earnings of all railroads from which returns can be obtained.
The columns under the heading “January 1 to latest date” fur¬
nish the gross earnings from January 1 to, and- including,
RAILROAD
KL.RCkFtS&Gmuilf
the
Latest Earnings
New York City Banks.—The following statement shows
condition of the Associated Banks of New York City for
week ending at the commencement of business June 14:
column.
period mentioned in the second
Jan. 1 to Latest Date.
Reported.
Week or Ah
Ala.Gt.S >uthern May
a Atcli. T.& S Fe April
1884.
1883.
1884.
1883.
*
*
%
*
439,795
403.434
5,049,424
4,792,996
1,117,898
1,893,061.
78,359
58,534
1,306,000 1,278,154
53.65G
50,351
Bur.Ced.R.&No. lstwkJ’ne
129.000
125,000
Canadian Pacific 2d wk J’no
26,90 J
27,059
2d wk J’ne
Centrul Iowa
2.062.000 2,127,420
CentralPacitie. May
331.173
283 000
Chesap. & Ohio May
56,629
59.332
Eliz.Lex.&B.S. May
163,076
163,211
Chicago <fc Alton id wk J’ne
1,832.451 1,824.130
Cliic. Burl. & O. April
34,855
27,712
Chic.& East. Ill. hi wk J'ne
59.603
60.057
Chlc.<feGr.Tmnk Wk Mar. 8
434,000
458,541
Cldc. Mil. & St.P. 2d wk J nt4 83 300
484.800
Chic. & Northw. 2d wk J’ue
93.400
11 1.600
Ch.8t.P.Min.&0. 2d wk J’ne
47,505
47,040
Cldc. & W. Mich. IthwkMay
205.540
206.694
Cin.Ind.8t.L.&C. May
408,208
219,147
Cin. N. O. it T. P. May
35,058
2d, M>1
Cin.Wash.&Balt. IstwkJ’no
9.863
10,609
Clev.Akron&< ol lstwkJ’ne
304 122
287/ 93
Clev.Col.C.& Ind April
596,531
549,885
Denver<fcRioGr. April
5,12.)
5,393
Des Mo. & Ft. D. 1st wk J’ne
23.552
26,759
Det.Lans’git No. IM wk J’ne
23.481
15,582
Dub.&SiouxCity lstwkj’ue
267.616
266,320
Eastern
April
60.435
60.641
E.Tenn.Va.&Ga. lstwkJ’ne
11.678
14,183
Evansv. & T. H. 1st wk J’ne
52.294
43,078
Flint & P. Marq. 1st wk.l’ne
18,103
19,068
Flor.R’way <fe N. lstwkJ’ue
64,400
37,700
Ft.Worth & Den. May
302,105
366,258
Grand Trunk
Wk June 7
1,122,676
1,912,703
616.488
8,687,000
...
1,439,603
209,051
3,524,099
7,557,712
Loans and
’
Gr.BayW.&St.P. lstwkJ’m*
Gulf Col. &San Fe 1 st w k J ’n e
Hous.E.&W.Tex April
b Ill. Cent. (Ill.). 2d wk J’ne
Do
(Iowa) 2d wk J’ne
Ind. Bloom <fc W. lstwkJ’ne
May
Kan. C. Sp <fc M. May
Kentucky Cent’l March
Lake Erie & \\\. 1 stwkMay
May
L.Rk.M.Riv.ifcT. May
31,813
19.356
179,8* 0
28,9001
48,305!
948,616
700.979
191.136
751.401
214 497
Peoples’
North America
1,162.901
1,881.961
638,048
368,08'
1,031,983
1,604.514
433.302
265.600:
158,200
12.1531
4,661,55*9
725,926
1/72,913
850,424
1,229,410
751,312
Mex.Nat., NoD/t 3d wk May
16 188
Southern Div 3dwkMay
Other lines./.. 3d wk Ma
3,789
20,920
20,815
Milwaukee & No 2 wk* June
22,300
19,880
Mil. L.Sli.&West. 2d wk J’ne
154.940- 135.86:*
Minn. & St. Louis April
581,000
563.0-><
d wk J’ne
Missouri Pac.c.
275.000
275,00t>
Wab. St.I .<fcl\ 2d wk J’ne
146,126! 141.975
Mobile & Ohio
May
190,751! 171.070
Nash. Cb.<fc St.L. May
N.O.&Northeast May
28,408!
8,968
275.507! 275,S91
N.Y. & New Eng April
N.Y.L.Erie&Wd April
1,397,726 1,548.474
N.Y. Pa. & O. April
484,864! 458,022
82.27."
78.511
N.Y.Susq.&West April
Norfolk & West. LddysJ’m
9°,306
106,96.
Shenandoah V ICdysJ’m
27,6'8
34.95
454,749
Northern Centr’l A pr 1
476 335
263,655
181.100
Northern Pacific 2d wk J’ne
22/ 6.)
22.771
Ohio Central
JstwkJ’m
1,129 077
183,212
162,708
231,255
Oregon Imp. Co March
Oregon R.&N.Co April
332,778
337,0*1
291,978
428,201 i
298.37"
206.3 ’.0
41",516
532,877
496.026
8 41.912
839.419
983,224
161,31"
1.034.266
5,081,358
931,329
31.322
1,055,59 4
6,053,92"
1,772,383
3,966,556
'
282,177
290.289
1,161,391
1,112.785)
318,291
1.725,772
321,2)5
1,9(>9,318
5,377.213
3,051,845
452.332
422.259
1.327,728
781,303
1.315.580
1,362,151
Riclim’d ADanv. May
Ch. Col.it Aug. May
.
37.301 s7.765
36.637
ColumbhntGr. .May
Va. Midland.
M-y
■West. No. Car. j May
Rocli. A Pittsb’g 2d wk J’ne
Rome Wat.it Og. March
137,362
27,523
12,950
120,621
32,124
23,413
133,163
319,600
349,695
270,707!
335.090
601.271j
605,331
1 <>1 306
123,103
46 <,352
183,610
327,546
327,045
Union Pacific... April
May
Utah Central.
Vicksb’rgit Mcr. May
94.302
197.U1
1,946,733
35,297
34,017
385.660
76.581
1,552,0(63
399,073
613.655
727.499
75.089
2,975.188
3,148.704
521,564
79,769
2 17,977
570.01.
23 *,*(>:
414,43e
827,127
460,732
163,748
283,094
74,660
95,585
249,257
142,562
54,162
13,209
245,923
79,03..
7,1*8,554
8,3*45,115
85,26'>
31,157
5,685
93,185
97,671
32,540
3*8,43 1
494,65-
192 400
2 658
49,083
201.87-1
31.58:
76,023
123.066
119,039
312,164
115,12*.
560,18c
Whole Southwestern
c
Including both divisions
Embracing lines ii
h Corpus Christi to Salti.lo, 397 miles-,
/■Included in Central Pacitie earnings above.
Missouri, Arkansas and Texas.
g
to May embraced only 236 miles, La edo to Saltillo.
miles now, but piicr to May rei resented 297 m lcs.
276,74 8
both years,
b Includes Southern
system.
d Not iucluding earn
ings of New York Penn. & Ohio road.
up
991,095
587,70<
185,555
2,12",965 2,363.277
Includes Southern Kansas lines in
c
315.863
71,349
3,302
Mav
a
333,393
56.757
..
Vicksb.Sli <tPac.
West Jersey
April
Wisconsin Cent’l May
618.678
7,021
82,007
8t.L.Alton<fcT.FL
Do
(brclis.)
fit. Louis & Cairo 2d wk Apr
fit. L. Ft. S. & W 1st wk J’ne
Bt.L & San Fran. 2d wk J’ne
fit. Paul it Dul’til IthwkMay
8fcP.Min.it Man. May
fioutli Carolina
May
6o.PttC.Cal ,N D. ‘•arch
Do So. I)iv./. March
Do Arizona/ March
Do N. Mex./’. March
Tex.it St. Louis.# 3d wk May
607.449
5,606
21,9,Vi
lo,‘-:6i>
101.100
427.800
1.879,000
1.109.800
4.261.600
10,(02.000
14,092,800
i0nlyl3t
1,632.500
416.800
1,038,400
1,206,600
1 54,500
256.400
375.100
148.600
216.800
4 <>7,000
1,584,400
876.500
374 300
210.500
75,000
427,4 00
338.000
2 3,100
116,800
386.200
River.
1,105,-00!
1
196,800
l/i 30.200
45,000
5,400
2.995.200
7,7*7,300
2.537.200
401,000
526,500
1.305,000
261.100
6,500
417,300
450,000
*62,100
1.851.200
18,214,300
1,823.1*
45,000
17,500,000
1.2 5 2.200
1,667,000
863,100
224,000
360,000
12,553,000
7.1*4,000
1,252,000
433,000
297,000
45,000
596,400
2,021,000
3.961.700
12,875,100
431.300
542.400
449,900
4.390.200
825.300
172.900
1.110.400
1.836.500
2.468.100
2,246, 'GO
3.731.600
213.600
581.400
104.100
317.300
152,1(0
296,000
296.400
267,500
223,200
180,000
*45,606
2.480.300
2.219.400
2.233.700
287.900
222.500
2.883.300
1,56 5,200
191.700
782.600
1,071.700
151,000
447,300
44.400
178.000
132,000
295,883,20048,687,400 28,577,000 231,lll,G00;14,34l,lf'0
totals for several weeks past:
The following are
'
1834.
887,700
404,000
1.306,000
2,7 66.500
2,423.900
2,158,7t>0
1,744,000
2,614,000
3/ 56,500
4.969.100
2:7,000
317,000
44
939.100
5,039,500
2,570,000
3.147.300
3,021,700
260,000!
140.900
431,000
4 06,000
240,900
5,315 49p
421.400
1,172.300
Loans.
Specie.
s
$
i
I
$
| Circulation'^ Agg. Clear'gs
|
|
<£
$
Deposits.
\L. Tenders.
$
M’y31 309.648,800 45,9*5,600 24.129,100 288,361,300 14.372,800 518.853,155
J’ne 7 392,60", *>()() 46,187,600 25.984.700 283,323,200 14,372.200 620.913.098
14 ,295,883.200 48,687,400 2",577,000 281,111,600 14,34 1,100,525,881,220“
Boston Banks.—Following are
1884.
J’ne 2
“
9
“
16
Loans.
Specie,
$
$
the totals of the Boston banks;
Deposits.*
j L, Tenders
i
$
6,610,500 4.576,500
6,728,800 4,443,700
6,837,000) 4.174,600
133,002,100
138,64!,700
138,983,800
$
i
S
85,747,200 23,201,500! 49,751,800
85,803,500 23,27l,40ui 61,463,928
85,706,000 23,359,600! 62,380,394
Lawful Money.
Loans.
9
16
“
*
$
$
68,89.8,797
8,437,615
67,001.697
66,437,050
8.4 15,709
18.630,715
8*6
IV way
2j
j
2d nn r:
,North. Pac.—Div. bonds..
47 J4 jXoi'ih liiv. C'oiis. —100 p.c
10
[Ohio Cent.—Riv. Div.,
5
7
11
Plula
Ineon os
-
■
48
Trust, bonds, 6s
1 ^
California Pacific
101-4
1st mot t
2^
2d m. Guar. bvC n. Pac.
1st inert
Denv.it Rio Gr. W
Des Moines it Fi. Dodge..
Prof
Edison Electiic Light
Galv. ttousr. it ID n
Galv. Harris.it San An...
35
2
Georgia Central—1st m...
Georgia Pac.—1st moi t.,6~
75
*
„
„
«„
40
40
25
85
88 b
39
25
3
8t,
7
.
Mich, it O.,
Common
-..
„
..
.
i
m
85
10
29
25
1L
no
Ol)
33
50
....
30
6
3
75
73
6 L|
13
2 >*
2 Vi
60
m..
Pit (sourer ec Wt stern.....
Port Ro\ alik
1 ncomes
SO
KeeljT Motor
”...
sab full paid.
......
5
22
Aug.—1st
m
Postal Telegraph—Stock
1st mot t., 6s
Postal Tel.it Cable —stock
St. Joseph it Western
St. Jo. it Pac., l"t inert.
2d mo: t
Kans ifc Neb., 2d inner..
Texas Paoifl >-Old scr p.
New scrip
Tex. St.L.,*M.itA.div.,a-i.p
M.itA. Div., 1st molt*.
1M .& A .Div.,iuoomcs,as P
6s, 1st mort.. in Texas..
Gmi. lst.ld.gr.it inc.as p.
Vicksburg it
1’ref
Mendian.*
l"t mort
2d mort
Visi-onstn Central
1
11
24 h
83
1st mort
8
1*02
2
5
Pensacola it Arl.—l»t
People's Telephone
......
-
2d mol t
T. rt. it W. Income bon s.
Ind. Decatur it Spriugf..
1st mo t
Mut.Un—St’ek trust ctfs
M. K.& 1\—Inco ue serin
NT. Y. M. Un. To
stock.
.
4
13
Chicago it Gra d Trunk..
4
4
10
3
......
..
2
Atcli. Col. it Pacitie
Host. It. it E.—New stock
Host. N.T.it West.—st’ek
Debent ures
Buff. N. Y. it
Prof
84
3
Tinp.ev-bds stk
Bid.
N. Y. \V. sh.it B.—Stock.
New Jersey & N. Y
i
ITCt
New Jersey Southern
In. Y. ik (ifeen d Lake, 1st
.
Blocks. 35 p. c
Am. Bank Note Co
Prvf
latest quotations fora
Securities.
Ask.
Bid.
Atlantic it Pac.—6s, 1st M
m.
48.213,272
8,126,074
past:
Securities.
\
45,676.570
56,287.758
banks.”
Including the item “due to other
Unlisted Securities.—Following are
week
Circulation. Agg. Clear'g*
$
'
76,872,745
75,548.881
75,000,907
2
D> posits *
19,029,914
18.960,721
$
“
Philadelphia banks
follows:
1884.
June
Circulation^ Agg. Clear’gs
_
Philadelphia Banks.—The totals of the
are as
4,038,343! 4.228.025
1,573,283! 1,506, i) 5
20.719
9.561
6.811
st wk J’ne
1 st wk J’ne
i
558.300
631,000
2.876.900
14,03 ),700 1,690,000
.744,000
G,829,000
60.000
1.553.900
382.500
4.978,600!
Ninth National...!
First National
14,095,500 1,911,700
557.800
Third National...
4.316.500
129.800
1,4 09,400
N. Y. Nat. Excli..
334.100
1,855,1 00
Bowery
86,000
1.849.800
N. Y. County
317.700
2.516.200
rG< nnaii-Americ’n.
2 937,300 \ 692,900
Chaso National...
548.900
2.311.200
Fifth Avenue
108,000
G rman Exeh’nge.
3.772.300
84.600
3.930.800
Germania
223.700
3,429,' 00
United States
170.300
Lincoln
1,398,000
18,400
907,200
Garfield.
86,IU*
1,094,400
Filth National....
3,165,304 i
8t.Johnsb.ci: L.C.
177.600
119.200
...
971,887!
1,238,079 1,193,002
297/287
299,329
47,962
4-1/2 4 1
1.170.400
3.9.3.400
13,595,000
18, "73,200
6.486.500
2,600
520,200
11.6U0
758.830
1,468,969
399.290
4,156,30914,061.751 15,159,902 15,*92.702
Pennsylvania... April
287,637
320,7301
Peoria Dec.it Ev. Lstwk J’ik
11,826
10,23
279.923!
311,631,027,590! 1,235,108
Pldla. & Erie
April
i ,"83,7*6 1,726,611
6,076,655! 6,458,494
Phda. <te Read’g April
Cent.N.J April.
C. it Iron April
2.247.600
!
Total
482.025
305.500
103.300
318,009
..
April.
828,307
9*5,600
370,000
1,' 90,390
1,785.100
177.300
322,000
4,433 913
234,996
570,837
45,000
166.800
87.600
1.743.800
Tmporters’it Trad. 15,100.600 5.814.900
Pa: k
i 14,8 i 2,000 3.032,700
117.700
Wall Street
!
1,436,800;
27,000
North River
I 1,534,000
Fourth National..'
Central National..!
Second National..'
5,744 517
180,957
503,160
876,000
I
730,362
6,012,342
131.090
4.632.200
4/>78.t00
Ea-t
974.768
94,000
103.800
126.400
...
165.363
130,*30
878,000
954,900
3.204.500
305,30i >
152.400
7,005,632
27,639
G21.0UO
2,0. 8,500
2.74 6.000
151,471
70..,687
23.562 j
292,500
231.700
210.900
476.000
446.700
908.900
7,007,072
212 184
162.187
931.711
790,406
259,000
3,083,600
1,633,000
2.695.400
392.166
192,405
1," 60,000
9.291.200
1.531.500
213,000!
1.538.500
107,400!
476.600 17,540,600
2.239.300
4,433,000
2.498.800
2.108.800
1,104,060
1,100
135,0001
7 55,0001
127.700
Metropolitan
464,669
185,400
3.745.800
8.199.300
515.800
338,4 00
Irving
Oriental
3*45,000
421.600
...
1,075,096
966,570
549.000
450,000-
309.100
Hanover
Citizens’
Nassau
Market
St. Nicholas
Shoe & Leather..
Corn Exchange
Continental
562,000
747.900
5,723,000
3/99.700
1.422.900
2.898.700
7.487.300
2,907,000
294.537
135),600
191.600
$
9.527.000
6,956.000
6.971.700
6,750,000
212.400
325.300
Republic
283,334
37,125!
35,314,
24,4-6
Ohio & Miss
1,053X84
1,590,828
154,95*4
Mar.IIough.& O. 1st wk J’ne
Memph. & Chari, l hi wk J ’ne
May
137,658
711.700
1.158.900
359,000
4,170,800
193.900
tion.
*
$
1,193,000
2.492.900
4,163,31)0
Chatham
592,103
the
Circula¬
other
than 17. S.
i
i
$
1,312,000
1,148,000
893.100
1,579,000
381,000
5,478.000
958.203
169.907
248,935!
Broadway
Mercantile
Pacitie
913,949
1.004,823
22.827
42,89*
67,410
Commerce
619,006
59.47c
15,603!
Louisv.it Nashv. 2<i wk J’ne
Mexican Cent.e
9.651,69 4
425,294
12*,804
65,377!
Tradesmen’s
Fulton
Chemical
Merchants’ Excli.
Gallatin National..
Butchers’it Drov..
Mechanics’ & Tr...
Greenwich
Leather Mauuf'rs.
Seventh Ward
State of N. Yr
Americ’u Exeh’ge.
9.575,443
1,302,306
2,066.408
118,867
6,610.100
2.835.700
1,702,000
15,112,900
2,"90,4 00
5,080,100
1.748.500
City
2,108,727
59,470
145,097
200.8211
7,457,415
716,846
4"3,173
Union
America
riionix
639.815
8,453
32,818
24,884
204,220
43,625
6,327
70,628
22J.471
24,298
17,862
id wk J’ne
Long Island
Division.
7,466,000
7.617.400
7,541.000
4.652.900
10,499,500
2.393,000
2,414.806
...
•
10,099,000
....
Tenders.
$
$
New York
Manhattan Co
Merchants’
i Net Deposits
Legal
Specie.
Discounts.
533,279
9,4 1 5,895)
1,473,014
260,605
3,466,065
630.818
521,636
9.372.001
9,601,167
the
Average Amount of-
Mechanics’
Roads.
Do
Do
{tol. xxxvm.
THE CHRONICLE.
736
75
9
4 '8
40 hi
5
*16 *
5%
43»«
14
10
90
38
35
31
31
1
20
5
20
5
a
5
,
42
7 8
9565*
10
•
June 21.
THE
1834.]
CHR0N1CLF,
EARNINGS.
^uueslra&uts
From
From
From
From
From
From
AND
RAILROAD
INTELLIGENCE,
The Investors’ Supplement contains a
complete exhibit of the
Funded Debt of States and Cities and of the Stocks and Bonds
of Railroads and other Companies. It is published on the
last Saturday of every other month—viz.,
February, April,
June, August, October and December, and is furnished with¬
out extra charge to all regular subscribers
of the Chronicle1
Extra copies are sold to subscribers of the Chornicle at 50
cents each, and to others than subscribers at $1
per copy.
freight
passengers
mail.
miscellaneous
net
Per cent
REPORTS.
Cincinnati Hamilton &
“
1883 84.
$3,088,407
2.100,016
$9,042,461
$988,391
$358,755
$512,093
$309,810
132,015
7,630
132,015
6,185
$651,741
$336,650
$310,715
$618,040
For the fiscal year
1883-84 it thus appears that the surplus
overall obligatory charges was $310,715. From this deduct
also dividends which have been
paid during the
ton &
year upon
common
Dayton Railroad, viz:
2 10,000
This surplus when divided up to the different
tributed as follows:
.
$236,483
$74,232
roads was dis¬
Credit C IT. & P., surplus earirngs
$117,766
0., surplus earnings
43,066
$190,832
116,600
operating
Balance
$74,232
Mr. Jewett's report says: ‘‘As
compared with the results of
the previous year, there was an increase of $46,610
in the pas¬
senger receipts and a decrease of $87,226 in the freight re¬
ceipts, caused by the suspension of traffic during the floods at
Cincinnati and the reduction in rates during the latter
part of
the year: a reduction of $45,946 in the
gross earnings, of $20,140
in working expenses and of
$25,806 in the net earnings from
traffic.
‘‘There have been very general
repairs and extensive renew¬
als and purchases made
during the year, much improving the
condition of the properties, while there lias been a favorable
reduction of expenses in all departments of maintenance.
There was. a net revenue of $18,993 in the
operation of the
elevator properties, while the benefit of these
improved facili¬
ties is shown by the increase of traffic.
“In accordance with the
provisions of the consolidated mort¬
gage, the funded debt has been decreased during the year
$28,000.
“There
1.011 shares of preferred stock sold
during the
following expenditures made and charged to
construction, equipment and real estate:
were
year, and the
Extension of double track..;
$95,971
Additional side trucks C. H. *fe D. lilt
Additional side trucks D. A: M. ItR
3. (13
2.243
Additional side trucks
Additional
C. II. & I. HR
de, trucks M. D. «fc T HR
of round-house and turn table
7,009
s
Completion
nt
.
.
Balance advanced from earnings current year.
Balance advanced from earniugs
last year
Total advanced from earnings since
$109,939
$in,353
155,94 1
101,100
$51,8 12
118,447
18S2
Toledo Ann Arbor k Grand Trunk
year
56
1,311
fndianapolis
Balance paid n passenger cars and for real estate
Total construction, equipment ami real estate
Amount rcaliz d from sale of preferred stock
(For the
$203,289
Railway Co.
ending Dec. 31, 1883.)
The board of directors have submitted their third annual
report of the operations of the company. The gross earnings
for 1883 (a large
proportion of which is from local traffic)
shows an increase of 17*86 per cent over the
year 1882, with
the same
mileage, motive-power and rolling stock. The gross
earnings and operating expenses for the year 1883 are as follows:
$120,69
$39,37
42-5
INCOME ACCOUNT FOR 1883.
-
$210,067
120,696—
$4,135
89,370
$97,506
only) mortgage bonds
75,600
$21,926
The
of our trestle work along the
Maumee
River, and tl\p consequent suspension of all business—out of
our depot
connections, with the Pennsylvania and the Hock¬
ing Valley roads at Toledo—and the long and unusually hard
winter. But for these
extroardinary expenses, our operating
expenses for the year would not have exceeded 51
or 52 per
cent, as estimated in our last report. This low ratio of opera¬
ting expenses is owing to the large proportion of earning3
received from other companies who use
portions of this line
with
their
business
own
motive power—the amounts received from this
entailing
no corresponding expense. These conditions
regarded as permanent, and it is believed that a rate of
operating expenses of 50 per cent will enable us to maintain ia
a
thorough manner tlie property of the company. ”> * * * ‘
“The coal tonnage handled in 1883 was 121,298
tons, show¬
ing an increase as compared with 1882 of 53,944 tons, or 77*45
It is estimated that this percentage of annual in¬
per cent.
crease will continue for
many years to come, thus securing to;
this company a large and profitable
coal traffic for delivery at
all points in Michigan and Canada west of
London, Ont.” * *
The admission of this
company into the ‘Great Eastern
Fast Freight Line,’ and tlie
working over our road of the
Hoosac Tunnel,’ the * Commercial
Express,’ and the ‘ West
Shore,’ fast freight lines (this road being the only route by
which these lines can do a Toledo business) assures us
of a
rapid and profitable increase in our traffic.” * * *
The ‘Michigan Air Line’ division of the Grand Trunk
Rail¬
way of Canada was completed last fall, via South Lyons to
Jackson, but little business, however, was done before the end
of December.
Traffic is now being
exchanged between the
Grand Trunk and this company at South
Lyons for all points
in Canada and New England.” * * *
“Since our last report tlie Pontiac Oxford & Port Austin has
been completed, and we shall this year receive from that com¬
pany a fair traffic in lumber and "salt south and deliver to it
be
“
‘
“
$26,483
Total
Balance surplus
Total
Debit C. II. &, I. It 11. Co., loss in
the
stock of Cincinnati Hamil¬
Six per cent on pref. stock...
Six per cent on common stock
Credit C. 11.
first (and
49,0613,67
the total destruction
can
2,0-3 70 j
Deduct—
outstanding preferred and
on
14 12
operating expenses for the year are 57*46 per cent, be¬
ing a slight decrease for 1883 over 1882, notwithstanding the
extraordinary expenses caused in part by the February hoods,
Dayton.
1882 S3.
Mich, stock..
Total
,
Balance carried to 1881
(For the year ending March 31, 1834.)
At Cincinnati, Ohio, June 17, the annual
meeting of the
stockholders of this railroad company was held. The follow¬
ing directors were elected, viz: Messrs. H. J. Jewett, C. C.
Waite, E. A. Ferguson, John Carlisle, F. H. Short, George R.
Blanchard, J. M. Adams, Wm. A. Procter and Wm. Hooper.
The only change in the board was the substitution of Mr.
Procter for Mr. Hanna.
The board organized by the election
of all the old officers.
21,313 shares voted. From the brief
report submitted at the meeting, as given by the Cincinnati
Commercial-(Jazette, the figures below for 1883-84 have been
made up in comparison with last year’s statement:
Dividends < n Dayton
Miscellaneous
$210,067
earnings for 1883
of net earniugs...
Balance from 1882
Gross earnings 1863
Less expense's
$52,82-
2.973 : For maintenance of
way
2,28 i !
and buildiugs
39.432 For miscellaneous
10,021 1
Total
Total
'j
EXPENSES.
$117,865 For conducting trunsp’t’n
37,191 j For motive power & cars
express
rentals.
Interest
ANNUAL
737
a
return traffic in coal and merchandise north.”
*
*
*
“On the 27th of
November, 1883, the board of directors ap¬
proved and ratified a lease by the President ofHhis company
to the Michigan & Ohio Railroad for the
joint use of our tracks,
side tracks, station houses and transfer
grounds, between
Toledo, Ohio, and Dundee, Michigan, a distance of twenty-two^
miles. This lease is mutually advantageous to both
companies,
and secures to the Michigan & Ohio
Company railroad connec¬
tions at Toledo more desirable than
any which it could other¬
wise command except by an expenditure of
money which,
owing to the difficulty of getting an entrance into Toledo, is
not easily estimated.”
* * *
The early completion of tlie new Toledo Belt
Road, which
is now secured, will give to this
company, in addition to our
present Pennsylvania and Hocking Valle}'connections, com¬
petitive connections of great value with all the railroads on
the south side of the Maumee River, which are
now, or which
may hereafter be built.”
*
*
*
Tlie extension of the ‘North Michigan ’ from South
Lyons,
via Owosso, to St. Louis and Mt. Pleasant, is
being
pushed
with energy, and we now expect the division between Owosso
and St. Louis to be completed
and ready to operate by the
15th cf May.”
*
*
*
“Incur last annual report
“
“
it was stated that the terms and conditions of consolidation of
this company with the North Michigan had been
agreed upon;
it was subsequently determined to
postpone the question of
consolidation until that portion of tlie ‘ North Michigan ’ road
between Owosso and St. Louis was
completed, after which the
proposition for consolidation will be submitted te a vote of the
stockholders, as provided by the laws of tlie States of Ohio
and
Michigan.’’
BALANCE SHEET DECEMBER
31, 1833.
Asset:.
Construction
$3,187,535
Equipment
Fuel and supplies
1 )uh from ageuts and others
130.762
16.694
.
Cash
Total.
....:
48,52 L
26,122
$3,496,636
Liabilities.
Capital stock
Funded debt. 1st mortgage 6 per cent 40 year gold bonds...
Bills payable
Vouchers and
1,269,0 0
425
accounts
Due J. M.
Ashley. Pres deaf, on account of rol’iag stock,
&c., furnished by him
Income account—surplus
Total.,
$1,900.000
73,504
150,800
21,906
$3,466,636
Louisville Evansville &
St. Louis.
(For the year ending Dec. 31, 1883.)
The annual report of the Louisville Evansville & St. Louis
Railway Company (of which Colonel Jonas H.
President) for the year ending Dec. 31, 1883, shows that the
total length of the road is 253*04 miles, and the earnings
expenses of the same were as below :
OPERATING EXPENSES.
EARNINGS.
$98,307
..$229,899 Trans, passengers
Passenger
101,955
395,201 Trans, freight
Freight
valid lien on the roads, and
case will go to the Supreme
French is
and
..
Mail
13,‘33
..
Express
Miscellaneous
120,552
41,008
39,658
Total operat.
expenses.$521,999
earnings over operating expenses
EXTRAORDINARY EXPENSES.
$110,929
..$632,928
Gross earnings
Net
15.558
9,237
..
Company.
-
:
Total extraordinary
Netebrnings
*
2,245,062 tons, and in addition
Net earning*
Per cent of expenses
47,502
93.770 tons were pur¬
and
points on
beyond.
$275,273 expended on colliery
work has been charged to
and for other new
the business.
improvements,
the expenses of
“The mortgage debt was reduced during the year $406,605,
exclusive of the $34,015 deposited with trustees for redemp¬
tion of Lehigh Coal & Navigation Co. bonds of 1894.
addition to the above, was paid in January, 1884, $38,000 of
In
the New Jersey Coal Company purchase money bonds, and a
further sum of $50,000 of the Nottingham Coal Company pur¬
chase money bonds will be due and payable April 1.
In May
last the sterling bonds drawn in 1881 and 1882 were paid,
leaving only the drawing of 1883, amounting to $75,000 un¬
paid.
This, with the drawing of 1884, not yet advised, should
be paid in May next, leaving: only the regular drawings to
be provided for annually. Of the $500,000 live-year mortgage
bonds which matured July 1, $200,000 have been ex¬
tended four
years, and
the sinking funds continued
of
same.
Of the loans on
payable
only if earned, there
was paid the regular interest on the income bonds issued for
funding consolidated coupons, and 2% per cent on the $6,116,000 consolidated bonds held by the Central Railroad Company
the
redemption
which
interest
is
for
“The property of the company has been kept up to the best
standard, and its facilities enlarged and improved.
“The matter of lease to the Philadelphia & Reading Coal &
Iron Company, referred to in circular of 15th September last,
received favorable responses from a large number of stock¬
holders, but no definite proposition, however, for your consid¬
eration was reached, and the subject is not likely to be consid¬
ered at the annual meeting.”
LEHIGH & WILKESBARRE COAL COMPANY PROFIT AND LOSS STATEMENT
YEAR ENDING DEC.
on
31. 1883.
$182,027
hand Dec. 31, 1882, 51,552 tons
2.94 4,838
Coal purchaped
188,336
Stanton shaft and colliery, Lance colliery and Green Moantain improvements
181,546
Second openings
15,728
Tunnels, slopes and other new openings
77,998
Royalty on coal mined
199,34 7
Overpaid royalty on lease surrendered...
45,233
Transportation (Central Railroad of New Jersey and Phila¬
delphia <fc Reading Railroad Co)
3,280,654
Harbor and coast fn-iiihts
125,755
Shipping, Port Johnston
153,883
Mining coal.
60,000
15.049
28.356
71,933
70 991
Port Johnston
Newark Yard expenses
Eastern wharves, Mystic. Salem, &c
Salaries, i eut, legal aud other expenses
Taxes and insurance
Pier rent.
837,731
Interest
Charges for sinking
Surplus for year
funds
„
Cr.
Sales of coal
Amounts
received for coal mined from
company’s lands by
on
$8,374,602
49,938
II ,588
63,123
7.224
35,345
367,926
$3,903,749
Interest
Miscellaneous
hand Dec. 31, 1683,107,944 tuns
Total
Arkansas R. R.
NEWS.
llonds.—In the Arkansas railroad cases,
involving the liability of the Little
Rock & Fort Smith and
the Little Rock Mississippi & Texas railroads, Mr. J. R. Dos
Passos says that Judge Ciddwell has filed an elaborate
at Little Rock in favor of the legality of the bonds, and de¬
opinion
claring them to be a lien on the roads. The attitude of the
case now is that one court has declared that the bonds are a
$128,805
65*9
Union Railroad
Minneapolis Union.—The Minneapolis
earnings
Operating expenses
Gross
1883.
$171,079
$35,319
54,167
55,030
1,187,962
1,221,179
$938,951
,
$21,791
$30,239
Surplus
Railroads Operated
$2,112,862
$2,210,130
95,121
$75,958
105,432
Net earnings
Interest and taxes
1882-3.
1883-4.
1884.
$190,751
$924,900
607,815
596,811
$381,136
$328,089
in New York State (Quarterly Reports.)
compiled for the
—The following abstract has been specially
Chronicle from returns made to the Railroad
of this State for the quarter ending March 31,
N. Y. Lake Erie Rome WaterVn N. Y. Cent, <f
<fi Oydensburg,
t£
& Western.
d- Ogden sburg. Hud.
River.
Receipts—
Western.
$*1,710,591
$324,903
$1,559,145
3,972,893
242,644
3,974,601
Commissioners
1884:
~
$82,259
$2,737,698
$377,695
$82,259
$2,737,698
$1,151,348
$68,373
$826,617
$594,544
Net earnings
Income from other sources.
293,151
Total net leeeipts.
Deductions —
44,119
324,750
489,633
$112,492
$30,233
$1,641,000
sur.$l,096,698
93,817
Taxes of all kinds.
185,665
Rentals
Miscellaneous....
*273,029
$1,703,959
dcf.$ 326,164
Total deductions
Balance
def.
on equipment, loans
$111,097.
Central & Hudson quarterly dividend of 2
*
Includes guaranteed interest, $S 1,340; interest
and mortgages, $80,592; Pavouia ferries, &c.,
The New York
for $1,788,566, leaving a deficiency in
the amount required for
six montlis—October to
following exhibit is made:
per cent in April called
net earnings for that quarter below
the dividend of $691,868.
For the
March—inclusive, the
GENERAL INVESTMENT
.$17,491
62*8
miles of road. Work is
i
other parties
Franklin Branch RR
Rents
Coal
289,693
99,142
$8,908,749
Total
249.024
Company applies to the Stock Exchange to list $650,000 of its
first mortage 6 per cent 40-year gold bonds, dated March 1,
1882, due July 1, 1922; the trustees to be the Central Trust
Company. This is part of the $3,000,000 issue of June 14,
1882; $1,500,000 bonds were then listed.
Nashville Chattanooga & St. Louis.—The gross and net
earnings for May, and for the eleven months ending May 31,
in 1882-83 and 1883-84, have been as follows;
,
July 1 to May 31 —>
May.
v
Dr.
Coal
$377,829
29,523
Philadelphia, and resolved to issue $16,000,000 of bonds, with
which to pay off the claims of the Pennsylvania Railroad, and
re-adjust the debt of the company generally. The meeting was
called to consider the report of the committee appointed on
May 15 to present a plan for re-adjusting the debt and settling
with the Pennsylvania Railroad.
The committee’s report
stated that the debt of the Grand Rapids road was $11,419,349,
of which $5,500,000 was first mortgage bonds, $3,119,349 was
due to the Pennsylvania Railroad and Pennsyl vania Company,
$2,500,000 was income bonds and $300,000 represented the cost
of the Mackinac extension.
The committee proposed to issue
a fifteen year second mortgage six per cent bond, redeemable
at any time within ten years, to the amount of $3,000,000, of
which $2,700,000 should be paid on account of the indebted¬
ness due the Pennsylvania and $300,000 should re-pay the debt
incurred in constructing the Mackinac extension.
Besides this loan another one of $13,000,000, bearing interest
at 5 per cent, and running forty years, was to be made.
Of
this $5,500,000 was to be reserved to pay the first mortgage,
$3,000,000 to be reserved to pay the mortgage mentioned above,
$500,000 was to pay the balance due the Pennsylvania, $2,500,000 to pay the income bonds of the company, and the balance,
$1,500,000, was to be reserved in the treasury was an extension
and improvement fund. The report stated that this arrange¬
ment would be acceptable to the Pennsylvania Railroad Com¬
pany, and after some discussion the report was adopted by a
unanimous vote. A committee consisting of John N. Hutchin¬
son, H. H. Houston and Thomas D. Messier, was appointed to
carry out the agreement between the several companies.
of New Jersey.
FOR THE
is now operating 275
$47,0*14
1**,25 2 progressing on the gap west of Birmingham, Ala., on main line.
27,<3*
Grand Rapids & Indiana.—The debenture bondholders
$t3,427 of the Continental Improvement Company met recently in
chased. 1,530,330 tons were shipped to Port Johnston,
the balance distributed from the mines "for other
lines of Philadelphia & Reading Railroad Co. and
The amount of
Eight months-
May.
Earnings
Expenses
Lehigh & Wilkesbarre Coal Company.
{For the year ending Dec. 31, 1883.)
The annual statement of this company says : “The total
production of coal from the mines of the company for the
year was
following statement is made by this
and the eight months of its fiscal year from
Georgia Pacific.—The
company for May
Oct. 1 to May 31 :
The company
Taxes
Interest
Kent of other roads
another that they are not, and the
Court of the United States.
Connotton Valley.—A Boston report says that all the differ¬
ences in the matter of the reorganization of the Connotton
Valley Railroad have been harmonized, and the larger bond¬
holders and stockholders, including Sidney Bartlett, have
signed the reorganization agreement. Over $4,000,000 of bonds
and securities have been deposited with the International Trust
111,459
Maintenance of way
Motive power
Maintenance of cars
General expenses
fvoL. xxxvm.
CHRONICLE.
fHE
738
October 1, 1883,
Gross earnings
to March 31, 1884—
Operating expenses, 60*36 per
Net earnings for six months
Deduct interest, rentals aud taxes
Balance
Six months dividends,
Deficit.
paid
$11,624,720
8,900,692
cent
.
$5,724,028
2,790,000
$2,934,028
3.577,153
$643,124
THE
June 21, 1884. J
CHRONICLE.
739
Expenses land department, Union division
Ogdensburg & Lake Champlain.—A dispatch from St.
Albans says: “The result of the annual meeting of the stock¬
holders of the Ogdens burg & Lake Champlain Railroad Com¬
$50,000
1.065,197
Dividend of 1^4 per cent on April 1, 1884
Total
expenditure*
$9,952,180
9,222,765
at Ogdensburg, is a surprise. The old board of direc¬ Gross earnings
tors, with three exceptions, were ousted, and the election was
Deficit live months.....
$729,414
carried in the interest of the Passumpsic and St. Johnsbury
[But omitting the $1,063,197 for April dividend, the net
roads. The change in the company is a radical one, and the
earnings in these unfavorable months exceeded all charges by
roads are to he run in the interest of the stockholders and for
$333,783.]
the development of business and traffic for the line.
Statement No. 3 shows the financial condition of the com¬
Union Pacific.—The affairs of thi3 company have assumed pany on March 31, 1884. The gross floating debt amounted to
a much more hopeful
aspect. Mr. Dillon, whose health was $11,*400,099, made up as follows:
much shattered, has resigned as President, and Mr. Charles
Bills payable
Deduct available assets—
$5,836,434
pany,
Francis Adams, Jr.,'has been elected
as
his
successor.
The
has very wisely determined to pay no more dividends
during 1884, and it is obvious that it would have been wretched
policy to attempt to pay such dividends until the company is
thoroughly overhauled, it3 pending issues with the Govern¬
ment adjusted, and its floating obligations brought entirely
under control.
The only serious mistake that appears to have
been made in the financial management was the payment of
the dividend in April last.
company
Mr. Adams has effected
a
settlement with the U. S. Senate
Accounts payable
Pay rolls and vouchers.
Dividends imp lid.
Coupons unpaid
1,442,107
2,462,92 i
1 143.712
398,992
Called bonds
Cash on hand
$840,377
Sk.td. in hands of trust’s
116,000
Hills & aocts. receivable 3,638.262
Bonds and stocks
2,074,064
116,000
Total
Total floating
$3,068,703
debt...$11,400.099
Net.
floating debt Mar.
31, 1884
$5,331,395-
The report
adds: “Were the item of fuel, material and
stores on hand—$2,622,777—deducted, as is often the practice
of accountants in estimating net
floating debt, this sum would
be reduced to $2,708,618; but this office does not
regard it as
an available offset to the
floating debt when the road is in
active operation, and has therefore excluded it.”
The total debt of the Union Pacific
Railway Company on
March 31 was $163,107,389, and the total stock and debt
aggre¬
gated $223,975,889. The total assets were $239,200,573, leaving
a surplus,
including land sales, of $15,224,685, or, excluding
land sales, of $4,311,039.
The Commissioner says that a large portion of the
floating
debt is a gradual accumulation from
expenditures made out
of surplus current earnings of the
company in the construction
Judiciary Committee which is good now,and may lead to an ulti¬
mate adjustment of all the questions at issue,
by permitting this
company, as well as the Central Pacific, to extend their whole
indebtedness in a sixty-year 3 per cent bond, on which annual
interest should be regularly paid.
If this should be done, the
U. S. Government would have a good security, and,
considering
the incidental benefits to the country by the construction of
the Pacific roads, the Government might
fairly point to its
subsidies granted them as the most profitable investment it
had ever made.
The present adjustment is shown in the state¬
ments following. The Chairman of the Senate
Judiciary Com
mittee has sent to the Secretary of the Interior a letter
of branch lines, the stocks and bonds of which in whole or in
informing him of the adoption of the following resolution in part are held by the company to the amount of
$37,003,869,
regard to the Union Pacific questions which the Committee and are available as a set-off against the
floating debt or for
has had under consideration for some time :
any other debts of the company,
A large proportion of these
Resolved. That this committee will postpone until the first Monday in
stocks and bonds are “quick” assets, and could be
readily
December, 1884, the further consideration of the nutters arising under
converted into cash.
Many of the branch lines are wholly the
the act of May 7, 1878, relating to the Union Pacific Railway
Company,
if the said company shall immediately carry out the oiler of Mr.
Adams, property of the company.
as stated in his communication dated June
The assets of the company on March 31, were made
17, 1884, addressed to the
up of
Hon. George F. Hoar, and on the express
understanding that this action the following items:
of the company and of the United States in
receiving the mouey and
security in said communications mtmioned,'shall have no effect or any
penalty or forfeiture or other right of the United? States incurred or
arising, or to occur or arise against the said company or any of its
officers; but that all rights, penalties and forfeitures shall stand as if
these acts had not been done.
delivered to Mr. Hoar:
as
Referring to what passed at your meeting with certain directors of. the
Union Pacific Railway Company, in Boston, on the 10th inst., I would
state that the following was there proposed as the basis of
temporary
settlement with the Government, pending action of the courts on claims
now in dispute:
First—No further dividends shall be paid oil the stock of the
company
din ing the present year.
Second—Until the questions now pending in court are decided and a
settlement between the Government and the company
effected, the
Government shall retain in the treasury a:l earnings now due,
or which
may hereafter become due, not only on the subsidized lines of the com¬
pany, but also on the non-sir sidized portion of its lines specified in
President Dillon’s letter of June 5, addressed to the
Secretary of the
Interior.
l
bird—Saving all its legal rights on points in litigation, the company
will forthwith pay into the Treasury on account of the
sinking fund the
sum of $718,814 (JO, being the amount demanded
by the Secretary of
the Treasury as payment under the Thurman act for the
3'ear ending
Dec. 31, 188->; said sum to bo. treated as a payment ou account should
more hereafter prove to be due to the Government, and as a
payment in
advance of amounts in future to become due should less
prove now to
he due.
Fourth—The sum of $6839 83 deposited in the
Treasury July 2d.
1881, shall be carried to the credit of the sinking fund, as set forth in
President Dillon’s letter of June 5, 1984. already referred to.
The above proposition, it is submitted, affords the Government
ample
security for payments which shall become due when the matters at issue
in the construction of the Thurman act shall have been decided
by t. e
courts.
According to the contention of the company (supplemental
statement June 6, page ;>), the balance now due which tins
proposal
would leave unpaid (supposing the demand by the
Secretary of the In¬
terior whs otherwise correctly computed), would be only
$503.l td. As
security for the payment of this sum the Government holds in its hands
the adjusted [unadjudicated] though iu large part not
disputed claims
of the company against it io the amount of
$4,360.496, and also the
amounts assumed to be due for services rendered on the subsidized
por¬
tion of its lines, wliieh will before the close of the year amount to
some
$300,000.
The
Commissioner of
equipment
Fuel, material and
stores on band
Cash on hand
Stocks and bonds owned
Sinking funds (cost)
Following is the communication of Charles Francis Adams,
Jr.,
Cost of road and
Railroads
has
transmitted to
the
Secretary of the Interior a report of the financial condition of
the Union Pacific Railway'company, as
recently ascertained
by the bookkeepers of the railroad office, from the general
Bills and accounts receivable
Bonds and stocks of other companies (cost).
Miscellaneous investments
Interest re-paid United States by transportation
Due from United States fur transportation
Land contracts and land cash
Advances payable in bonds and stocks
Sinking funds, cash
Sinking funds in United 8tates Treasury
Total
$157,504,513
2,622,777
840,377
2,074,064
116,000
3.038,262
37,003,869
241,310
7,134,251
8,616,723
10,913,045
6,823,773
1,507
2,270,000
$239,200,573
Statement No. 4 shows the condition of the branch lines
operated by and in the interest of the company. The total
earnings were $8,758,452; expenses, including taxes, $6,315,-
G30; surplus, $2,442,821; bonds outstanding, $40,883,000; annual
interest, $2,510,900; bonds owned by Union Pacific, $23,615-,
730: annual interest, $1,595,791; bonds owned
by others,
$17,267,269; annual interest, $915,108.
The June report of the Land Department of the Union Pacific
Railway Company shows sales in the five months of the pres¬
ent year of 1,047,025 acres in the Nebraska
Division, for the
sum of $3,369,250, and of 167,450 acres in Kansas for
$803,691.
These land sales go mainly to cancel bombs bearing 6, 7 and 8
per cent interest, and thus in live months the sales have been
sufficient to cancel an interest charge on the company of about
$250,000 per year.
\t the comnany's office the following official statement in
Sard to the Kansas Pacific consolidated mortgage bonds was
made
:
The bonds have become a first ben (the old land-grant bonds
having
been paid and canceled) upon all the company's lauds adjacent
to the
fi-st380 mi'es of iis road in Kansas, or which there remain unsold over
1.500.000 acres, and which at $ 1 5<> per acre (the average within these
limits for last year’s sales) are. wo: tii more than $6,5 K),000. There are
held by i he trustees as further security for these bonds about $2 009,OOo iu notes which have been received for lands sold.
In addition to
the unsold lands and the settlers’notes, then* are bonis of auxiliary
lilies amounting at par to $3, • 58,000 and stocks amounting at par to
$2,780,000. The bonds thus held in trust have been issued by and rep¬
resent the entire amount of funded debt of various tributary and feed -
books of the company at Boston. The first statement of the ing lines, aggregating 227 miles of rail way.
Under tiie terms of the
consolidated trust indenture the income trom these securities (which
report shows the earnings and expenses of the entire system in 1882 amounted to $66,275 and in 18s3 to
$141,700) is embraced
from January 1 to May 31, 1884.
The figures for April and within and is applicable to all the purposes of the trust. The consoli¬
dated
bonds
have
further
a
lien—subordinate, however, to an issue of
May are partly estimated, and, accepting these estimates, the
$'(,012,000 of so-called Denver extension bonds—upon about 2,700,000
total earnings for the five months to
May 31. 1884, would be acres of land lying west of the 380th mile post.
are still further
$9,232,765, and the total expenses, $6,184*893, leaving a surplus secured by a lien upon the 639 miles of railwayThey
between Kansas City
of $3,037,872, which is less
by $1,983,253 than the surplus and Denver, and upon the branch from Leavenworth to Lawrence, 34
miles, in all 673 miles, subject nevertheless to the divisional first mort¬
(luring the corresponding period in 1883 (leaving out the St. gages
on tno entire line and the Government’s lieu, iu the character of a
Joseph & Western Railroad.)
Statement No. 2 shows the revenue and expenditures of the
company for the five months ended May 31, 1884, as follows:
Grogs earnings
Operating
expenses, entire Bystem
Discount and interest
Interest on first mortgage bonds
Interest on other funded debt
United States requirement, 5 per cent and 25 per cent
Company’s sinking fund
New construction.
New equipment
VT
$9,222,765
$6,184,*93
77,237
1,057,000
8,5.000
301,874
162,000
32.612
146,364
second mortgage, on 394 miles of the line in Kansas.
The trust indenture provides, among other things, that all moneys' re¬
ceived by the trustees (from the proceeds of land sales and the income
from the securities held in the trust) shall be app ied by the trustees
from time to time to the payment of any interest which may be duo on
the bonds, and also in redeeming or buying in the bonds'at the lowest
price lor which they can be had, not exceeding principal and accrued
interest.
l*lie value of the mortgaged property and the provisions of the trust,
indenture, laying aside the general obligation of the Consolidated Union
Pacific Railway Company, are ample and adequate, insuring the prompt
payment of the interest as it becomes payable, and the payment of the
principal when it becomes due.
740
THE CHRONICLE
[Vol. xxxvni.
fhc (Commercial fxmes.
COMMERCIAL
COTTON.
Friday, P. M., June 20, 1884.
EPITOME
Friday
Night, June 20, 1884.
The weather this week has generally been very favorable for
the growth of the crops. Business is of a midsummer character,
and
The Movement of the Crop, as indicated by our
telegrams
from the South to-night, is given below. For the week
ending
this evening (June 20), the total receipts have reached
4,725bales, against 8,409 bales last week, 12,584 bales the previous
week and 8,129 bales three weeks since;
making the total
receipts since the 1st of September, 1883, 4,777,380 bales, against
5,881,551 bales for the same period of 1882-83, showing a
decrease since September 1, 1883, of 1,104,171 bales.
speculation in staples of agriculture has been quite uni¬
formly toward lower prices, the decline in some cases being
quite important, and promoting a much freer export move¬
Receipts at—
ment.
To reduce stocks on hand and force speculative holders
Galveston
to liquidate seems to be urged on all sides, in deference to the
Indian ola, Ac.
position of the banks, a process which must soon give values a New Orleans...
Mobile
very solid basis.
Florida
Lard has been greatly depressed, under the increased arriv¬
Savannah
al of swine at Western markets, and to-day the market was
Brunsw’k, &c.
almost panicky, closing weak at 7'56c. for July, 7'71c. for Charleston
Pt. Royal, <fcc.
August, 7*82c. for September and 7 90c. for October, a
decline for the week of about %c. per lb. 'Spot lard Wilmington
Moreh’d C.,&c
is also decidedly lower, with a somewhat unsettled closing
Norfolk
at about 7*o0e. for prime city, 7'7oc. for prime Western
West Point,&c
Sat.
43
7 90c.
for
refined
for
the
Continent.
Pork
is
weak
Tues.
4
1
31
....
....
77
...
....
....
....
•
....
30
•
11
....
....
244
....
.
23
.
.
.
7Sfr
51
103
11
11
175
434
....
3
....
171
....
18-
....
....
&G
1
233
3
....
432-
1
....
10
....
46
....
5
....
....
GO
....
....
2G
....
....
143
14
Total.
1
....
«...
13
....
45
New York
....
Fri.
.
323
14
5
mmmrn
6
3G
11
....
Thurs.
mmm.
82
14G
Ill
4
....
294
18
Wed.
25
....
....
and
Mon.
....
3
25
....
»
•
•
»
265-
95
95
21
325-
'
•
-
.
.
SO
4
42
35
45
nearly nominal at $1G 500 $17 for mess. Bacon quoted Boston
12G
Baltimore
at 9@9}yc. for Jong clear.
Cut meats have sold fairly,
1
321
PhiHdolp’a, <fcc.
1,628
1,950
at prices showing some degree of steadiness; pickled bel¬
Totals
this
week
329
545
553
987
2,107!
204
4.T2&
lies 7f<@8c., shoulders 7340. and hams 12@12J£c.; smoked
For
shoulders 80 81 Jc., hams 13!14c.
comparison,
we give the following table showing the week’s
Dressed hogs quoted at
total receipts, the total since Sept.l, 1883, and the stock to-night,
G^@7c. Beef dull; plain mess $12 and packet $13 per bbl.; and the
same items for the corresponding
periods of last year.
India mess $18@$19 per tierce; beef hams $28@$29
per bbl.
1883-84.
1882-83.
Stock.
Tallow has been more freely offered at 6}£c.
Stearine quoted
Receipts to
This
Since
at 9}^c., and oleomargarine 8}^c.
Sep. This Since Sep.
Butter did not fully sus¬
June 20.
1884.
1883.
Week.
Week.
1,1883.
1, 1882.
tain the recent improvement; creamery, 170 2Jc.; Western
432
589,545
821.313
1,499
3,467 18,909factory, 10@14c. Cheese active but weak at 6010c. for fact¬ Galveston
1
Indianola,&c.
10
8,474
16,837
ory.
Eggs, 16f<@ 18c.
New Orleans...
789 1,515,834
3,597 1,646,189
74,355 106.198
Rio coffee has been moderately active and steady on the
Mobile
108
302
252,477
310,50:i
5,086 10,090spot of late at 10c. for fair cargoes; options have been quiet Florida
11
42,887
18,410
and without marked change, though within a few
434
651,925
793
1,541
807,814
4,221
days they Savannah
8.094
Brunsw'k, &c
have become weaker; the close, however, though quiet, is
5,508
Charleston
171
416.813
306
564,560
2,620
5,009steady at 8TO08*2Oc. for June, 8 20@8-25c. for July, 8‘40@
Pt. Royal, &o.
26
13,697
24,528
8 45c. for August, 8 50@8*55c. for September and 8*55@8*60c.
38
133
Wilmington....
91,709
127,035
859
1,642:
for October, bid and asked; mild grades have been
M’head C.,&c
43
12,538
fairly
19,457
2G5
active and steady.
61C
577,347
794.012
Tea has been very dull and at the close Norfolk
1,618 23,821
West Point,&c
95
236
221.953
226,748
is weak on the spot.
Spices have been quiet., Rice has sold New York
325
199
107,600
137,215
251,431 200,243
moderately at steady prices. Foreign green fruits have been Boston
120
671
178,596
187,760
6,310
7,080
in fair demand and steady; dried have been dull and nominal.
Baltimore
29,963
1,715
66,333
5,756 18 022:
Molasses has been quiet and unchanged.
6 3,858
1,950
1,471
Raw sugar has Philadelp’a,&o.
107,249
9,704
6,301
been more active and closes more steady at 4a_tc. for
Total
fair
4,725 4,777,390 12,395 5,831,551
361,999^401 626
refining and 5fg@5 ll-16c. for 9G-degrees test centrifugal:
In order that comparison may be made with other
options have advanced andsale3 were made to-day at 4*57^c. give below the totals at leading ports for six seasons. years, wa
for July and 50 5 0234c. for September,
though the close is Receipts at—
1883.
1882.
1881.,
1881.
1830.
1879.
weak at these figures; refined has been firmer at
G-^c. for Galvest’n.&o.
433
553
1,509
825
2,933
867
granulated, 7?a@7)£c. for powdered, 7'gC. for crushed and New Orleans.
7S9
3,597
3,980
962.
2,216
4,654
GpgC. for standard “A.”
Mobile
10s
30 2
367
661
884
177
Savannah....431
Kentucky tobacco has been quiet on the spot and the specu¬
2.882
1,541
1.9S2
1,281
1,515
OliarPst’n, <fec
171
332
lation has been almost trifling ; lugs are quoted at
810
610
3,217
55
.7*£@8,!£c.
18
Wilm’gt’n,
&c
176
10
351
75
49and leaf at
Seed leaf has remained quiet but
steady. Norfolk, &o..
3cO
8S2
1.631
4,236
433
3,152
The sales for the week embrace 950 cases,
including 350 cases All others....
4,056
2 993
2,412
S, 107
12,000
2,230
crop 1882, Pennsylvania, 5@13c.; 200 cases crop 1881, Pennsyl¬
Tot. this w’k.
4,725
12,395
13,8.69
23,476
6
29323,511
vania, 7010c.; 200 cases crop 1883, Wisconsin Havana, 11340
Since Sent. 1. 4777,380 5881.551 4611.199
5646,168 1825.077 4420.903
28c.; 50 cases crop 1883, Wisconsin Havana, 30040c.; 150 cases
Galveston includes inuia:ioia; Charleston includes
Port Royal, die.
crop 1883, New England, 12^030c.: also 400 bales Havana,
Wilmington includes Morehead City, <fec.: Norfolk includes
City Point, Ac.
8Oc.0$l 15, and 200 bales Sumatra, $1 200$1 GO.
The exports for the week
ending this evening reach a total
of 54,237 bales, of which
In naval stores the movement both legitimate and
38,549 were to Great Britain, 3,237
specu¬
to France and 12,451 to the rest of the
lative has been insignificant and to-night prices are
Continent, while the
only about stocks as made
up this evening are now 3G 1,999 bales.
Below
steady; spirits turpentine, 31
common to good strained
are the exports for the week and since
Sent ember 1, 1883.
rosins, $1 250 $1 321£. Refined petroleum has been depressed
Week Ending June 20.
From Sept. 1.1883, tc June
by the severe decline in crude certificates; 70-Abel test
Exported to—
Exported to—
Exports
sold to-day at 7%c. for all July
delivery. Crude oil certificates
Great
Conti- Total
Great
from—
Contiwere broken from 06
to 584£c. under the
BriVn. France nent.
Tata.
Week. Britain. Frai. ce
nent.
report of the finan¬
cial embarrassment ol two directors in the Standard Oil Com¬
Oalveston
?,26l
*.
2,261
251,819 34,76-3
64,176 Tl 0.791
pany.
Hops have had a sharp advance to 33035c. for tne Sew Orleans.. 22,266 3,237
28 25,531
756 4 »5 300,40.'
3?4.029 1,420.866best State 1883s; stocks are small and the
English crop is Mobile
50,157
57,537
1,380
Florida
blighted.
r
3,704
3,704
In ocean freight room a better movement has been
155,616 13,436
noticed Savannah
188,717
357,709
in both grain and oil tonnage, and rates show a
Charleston *...
11!,219 24,497
273,784
138,063
slight im¬
43.4 l'S
3 S H.
47,242t
provement. To-day Liverpool steam grain room was quoted Wilmington..
Norfolkt
at 33441.; cotton taken at 5-32d., cheese
253.922
274,510
20,588
40s., butter 40s., bacon New York
13,IU
13.423 25,537
3-3,378 30,002
508.884
17s. Gd.
95,504
London steam grain quoted Sfgd., do. to
Glasgow Boston
908
90S
107.051
S 123
110.474
4>01., do. to Bristol G'qd. afloat, do. to Avonmouth 34£d , do. 8 iltimore
108,651
107,: 21
56,572
1,898
to Bremen GO pfennigs; relined
petroleum from .Philadelphia Palladelp’a,&c
14,817
98,455
3,6c 8
to Hamburg 2s. Gd.; do. hence at 2s.
3;^d., do. to Konigsoerg
Total
38 249
54.237
3,237
12,151
2,3:6,212 485,061
898.924 3^601,197
3s., do. to Antwerp 2s. 3;5Jd., do. to London or Bristol 2s.
40<d4;
33.427
304
grain by steamer from Pnilaaelphia or Baltimore to CorkTor
3.295 37 026 2.709.51H!4’8 366 1,351,706 4A29.50O
Includes exports Irom Port Royal, &c.
order's, 3s. l^d.
t Includes
and
....
•
•••
....
....
....
....
....
.
.
.
,
....
....
....
.....
j
’
'
•
......
......
.
.
.
#
......
...
....
..
......
*
exports from West
Point, Ac
.
....
June
THE
21, 1884.]
CHRONICLE.
In addition to above exports, our
telegrams to-night also give
shipboard, not cleared,
figures for New York,
special use by Messrs. Carey, Yale
the following amounts of cotton on
At the ports named.
We add similar
us
which
are
prepared for
our
Lambert, 89 Broad Street.
The Sales
and Prices of Futures are shown
by the followcomprehensive table. In the statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales.
ng
9P
On
June 20, at—
Great
Britain.
New Orleans....
New York
626
None.
None.
No e.
None.
None.
4,300
Ocher ports..
2,500
Mobile
Cnarit-eton
43avanuah
Galveston
Norfolk
Shipboard, not cleared—for
Ft'ance.
Foreign
736
None.
None.
None.
None.
None.
None.
None.
.
6 i5
None.
None.
None.
None.
None.
7< 0
200
Total.
130
None.
2,137
100
150
749
725
None.
None.
2'
®
©
1
*5
£
*
73
© cr>
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x
2.
B
■*8
a> -
®
© ® 03
eg-® £
-
? e-i
S-
9
rt
i3si
<rf *
•
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OM
P
•
•
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©
©
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o
73
736
7,426
1,85 4
1,545
11,561
15,876
19,834
Total 1882
2 947
7.099
354
7,869
4,334
1,864
23.511
good weather
at the South caused a pressure to sell, under which prices
steadily gave way from the opening on Saturday last till near
the close of W ednesday’s business, in which the decline from
the previous Friday in cotton for future delivery at this mar¬
ket was 23($ 20 points for June and the distant months, and
'31@37 points for the early months other than June. Holders
lost confidence and the process of liquidating “long” coiltracts was active and general.
On Wednesday toward the
close there was some recovery from the lowest figures of the
day, and yesterday a moderate advance took place, a natural
re-action after an important decline. But the demand was not
sustained, and to-day, with weak advices from both Liverpool
and Manchester, and good crop reports, there was renewed
pressure to sell, prices giving way rapidly, closing weak at 16(Vi>
20 points decline for the day and 33Ql 40 points for the week. Cot¬
ton on the spot has been more freely offered, and, meeting with
only a moderate demand for export and home consumption,
prices have declined. Quotations were marked down 1-1 Gc.
on Tuesday and again on Wednesday.
Then came a steadier
feeling, based on the rapid reduction of stocks on hand. To¬
day there was a further decline of 1-lGc., middling uplands
■closing at llp»c.
The total sales for forward delivery for the week are 754.300
bales.
For immediate delivery the total sales foot up this week
12,438 bales, including 0,300 for export, 3,132 for consumption,
for speculation and — in transit.
Of the above, — bales
were to arrive.
The following are the official quotations for
^ach day of the past week.
UPLANDS.
Sat.
•Ordin’/-$tt>
©a
9’j:o
8'riet Ord..
9^
934
<lood Ord.. 10‘*>i6 109,«
48tr. G’d Ord lOi-’m 1015,«
Low Midd’g 113,« 1 * ‘L «
Srx.L’w Mid ll3g
113b
Middling... n91G 119 «
Good Mid.. ll‘3lrt 1113^
«tr.G’d Mid 121 m 121lH
Mtdd’g Fair 127,6
Fair
133lh
1271<$
133,«
h
<
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TEXAS.
cc
Sat.
99;o
Mon Tae»
j
G7Jin’y*1®5>i 93m
Th.
10
9H,o 10
9'5,k
101*2
10l3ie 10131Q 1034
1
113
107s
Ills
l3io
X6
lm
1>710 n7io 1138
1 l^is
11
H«8
119,8
11 q
1113i6 1 113,6 11%
121 io 12'i« 12
11%
12
1 2f>,6
12° jo 12%
123b
12Hi6 12Uio 125b
1 37 j «
1 371« 13%.
13b,
9»I8
Frl.
oq
Strict Ord.. 9^8
9 **b
9°'«
Good Ord.. 1071(3 1 07 1 Q io:<s
■Stir. G’dOrd 10i31<5 1013lp 10%
L
Midd’g liLi
)w
ficr.L’wMld nq
Middling...
1J
7,.,
Good Mid.. 1111 ie
■8 r.G’d Mid lH5Hi
M idd'g Fair 1251H
Fair
1311H
97,o
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t: i coi?
©
9916
99,a
10
i
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1114
113,G
11^
113b
U"lfi
H,510
123,6
129lrt
1171S
lll'b 11
11101 e U78
125m ii2 q
131,A 13
Fri.
93b
97,0
1
3°i
lib
r«
Sat.
to
©
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1013,6 1013,6 10%
113,6 11S,« 11%
117,6 117,6 1138
lis»
115b
11»,6
111316 1113,6 11%
12%6 121,6 12
125,6 125,6 12%
1211,6 1211,6 12%
137,..
137,6
Wed
97,6
Th.
97,«
93s
llli,6
1 17,6
1 15g
11 78
1115,6
123,0 12%
129,6 12%
1 3 5,«
13%
fTion
11
%
11%
11
81_'16
9«b
.......
Low Middling
Mddling...
815,a
l«)7lft 107,6
Hho IH10
««
M
Cb{°
87b
93,6
813,fi
Sat.. Dull at %6 flee...
Mon
.
'Tues.
Wed
Thurs
Fri.
.
.
Total
Quiet..
Steady at i,a dee
Easy at iie dec..
Steady
Easier at %6 dee.
J
Ex¬
port. sump uVVn
850
1,-21
2.281
la Si
174
:-,37
to
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rn
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CO to
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7 7*
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i
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1015,6 1013,6 10%
Total.
ccmi2'1
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to
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to
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1
7*07^
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99
813,6
to
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to
Oi
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I1
*
FUTURES.
Sales.
Deltv
eries.
1.0031 94,100
400
400
300
300
1,380 105,200
2,618141.900
2.301 165,000
.3.212! 84,500
l.ODO; Il3j
1,913,163,600
400
12.138 751.300!
2,C00
The daily deliveries giveu above are
actually delivered
previous to that on which they are ieparted.
M
XX
•-CC
93(5 1, 05;
3,0 27 i
U5
9.306 3,132
7o7
O'
O'
M
Fri.
11
sit.
I1
*
Th.
9%
105,6
Con-! Specec- Tran¬
^
e) ^ Ot;
7,6
1038
SALES OF SPOT AND TRANSIT.
SPOT MARKET
CL08ED.
2
^0M
I
t-* >—*
I— «—
©
k-l
•
C«o:
£ §> v'3
:
h- *-*
»-*WM
to
I fc oc
c o
The total sales and future deliveries each day during tli
week are indicated in the following statement.
For the con¬
venience of the reader we also add a column which shows at a
on same
coco
O' C Ot
CO
MARKET AND SALES.
glance how the market closed
©
d
O' to
cow
if*- to
>
®
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*77*
—
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two
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7
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tO ib P tO
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SUi?
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2
CO CO
o«
i
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11U,6 1 J 1116 11%
ll15,e 1115,6 11%
123,6 123,6 12%
129,6 12B; 12%
135I« 135,6 13%
rues Wed
**
^ w
— —
'
© ©
7-7*
'r
Fri.
^
©
^
I ©W1
_
7-7*
©
133q
to to
<
©
• v 10
to I—1
S
7
Gx>d Ordinary....
Ordinary
Th.
to
-
9%
915,6
10
<
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► •
to
dS-**
•
o
^
7*7*
M i-O
O i-*
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to
97b
97b
1013]6 97s
97b
913,6
ionie 1011,6 1 0*8
10H16 IOH16 10%
11
U'lfi
1H,« 1H,5 11
113,« 115i6 11 %
115,6 11*16 11 %
ir*i«
STAINED
w riot Good
Wed
to
*©
t—
Wed
»— >—1
77
©
ittoii. Tues
o
XM
9hs
99ie
Sat.
i—> i—*
©
b_l
■
U.
coco
O' M
<—
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to
H1*-*
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i
i—
1
3
7 •a
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d» ©
i
-
8
CO
Tnen
w
cc
0
NEW ORLEANS.
9q
95m
7*7*
—
i
**►■*©
•
m
(-5
©2.2.-
®
©
T P
d« o ’
“
e*
©
^ -i m 61
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P.H-Q©
•
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C3
.
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.
IO
10
The failures at New Orleans and the return of
June 14 to
June 20
ci C
378 115
314 928
36,716
•
O (j
P
P
fesgS7
"
Total 1883
'H
c+
© •
o
iv* tr*
r-
350,438
5*
© ©
x
0 I *7
p
*8
cBO)MH
©
Total 1884
•
oq
!
sr-p 3
£.-1
(=
Si
©
W 7T
P
^.
13
© ©
P
r*
0^3
5-®
p
a>'■® Sj
» -
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•
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© ©
®
E*© ® £
STP
e-i
P. >—1
•
p* —:
X
mi
© © ©.
00
.
=
* *3
013
2,7 LS
893
2 s6.431
19.929
2LE.4
©
CD
^
£? © »
© ©•
3>
2,520
2,700
o2.E§-
►-j
9
X
72 218
5.086
None.
100
150
749
725
5.0< 0
© »
X
Stock.
or.:
n
%
<
5*
Leaving
Ooastvrise.
Other
Til
2 )0
.
Includes sales in September. 1883, for September, 76,200; Septeiu*
ber-October. for October, 33-,600; Seprember-November, for Noveiuber399,800; September December, for December, 869,5000; SeptemberJanuaiy, for January, 2,817,9 )0; September-Febru.try, for February,
l,780..v 00; September March, for March, 2,309.800; beptember-April,
for
April. 1.999,900; Septembcr-May, for Mfiy. 2,362,200.
We have iucluded in the above table, and snail continue eaeh
^ive, the average price of futures each nay for each month. It
will be found under eaeh day following the abbreviation “ Aver.” The
avermre for each month for the week is also driven at bottom of table.
Transferab’e Orders—Saturday, ll*50c.; Monday. 1140c; Tuesday,
week to
113Cc.; Wednesday, ll*30c.-; Thursday, 1140c.; Friday, ll-20e.
Tlie
the
day
•17
•12
•12
following exchanges have bcea made during the week:
pd. to exch. 500 July for An#.
pd. to exch. 500 .July for Aug.
pd. to exch. 100 July for Aug.
( *13 pd. to exch. 200 July for Autr.
06 pd. to exch. 100 Seit. fir July.
bales less than at the same period last year. The
the same towns have been 4 ,715 bales less than the
last year, and since September 1
to-night, as made up by cable
Continental stocks, as well as
those for Great Britain and the afloat, are this week’s returns,
and consequently all the European figures are brought down
to Thursday evening.
But to make the totals the complete
figures for to-night (Jur^
add the item of exports from
the United States, iuciuamg n it the exports of Friday only.
The Visible Supply of Cotton
and telegraph, is as follows. The
bales
Stock at Liverpool
Stock at Loudon
1883.
1832.
932,000
57,500
9<*0,000
59,300
receipts at
same week
the receipts at all the towns
the same time in 1882-83.
Quotations for Middling Cotton at Other Markets.—
in the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week.
702,474 bales less than for
are
1881.
1834.
893,000
51,000
[VOL. XXXVIII.
CHRONICLE,
THE
742
888.000
50,600
CLOSING
QUOTATIONS FOR MIDDLING COTTON ON—
June 20.
Thurs.
Fri.
Wednes.
Tues.
Mon.
Satur.
959,300 938,600
2,<00
5,300 Galveston....
1 lk
11%
11%
11%
11%
11516
26,300
52,600
1 la16
11%
11%
if 5iq
H5ib
Orleans.
lloie
15,300
42,200 New
11%
11%
11%
11%
11%
11%
Mobile
1,6j0
5,540 Savannah.... 11%
11%
11%
11%
11%
11%
2,360
1,430 Charleston... Nominal. Nominal.
11%
11%
Nominal. Nominal
129,000 202.400
11%
11%
11%
11%
11%
11%
Wilmington..
2,500
4,000 Norfolk
11%
U%
11%
11%
11%
11%
54,900 Boston
33,000
11%
11%
11%
11%
11%
7,000
4,600 Baltimore.
11%
U%6
11%
H716
11*18
119l6
6,100
7,200
11%
11%
11%
11%
11%
11%
Philadelphia.
11%
11%
11%
11%
11%
11%
Total Continental stocks
457,500 395,400 226,400 379,170 Augusta
11%
U%
11%
11%
11%
11%
Memphis....
11%
11%
11%
11%
11%
11%
Total European stocks
1,404,500 1,434,900 1,185,700 1,317,770 8t. Louis
11%
11%
11%
11%
11%
India cotton afloat for Europe, 341,000
305,000 383,000 292,000 Cincinnati... 11%
11%
11%
11%
11%
11%
227,000 141,000 289,000 fouisville.... 11%
Amer’n cott’n afloat for Eur’pe 104,000
Egypt,Brazil,&c.,aflt for E’r’pe
22,00“
44,000
31,000 45,000
Receipts from the Plantations.—The following table is
Stock in United States ports
361,999 401,626 351,644 376,545
Stock in U. S. interior towns..
39,119
53,106
77,9o9
81,875 prepared for the purpose of indicating the actual movement each
United States exports to-day..
3,000
5,200
5,000
6,200 week from the plantations. Receipts at the outports are some¬
Total visible supply
2,280,818 2,493,525 2,158,450 2,408.390 times misleading, as they are made up more largely one year
than another at the expense of the interior stocks. We reach,
Of the above, the totals of American and other descriptions are as follows:
a safer conclusion through a comparative statement
therefore,
American—
677,000
534.000
Liverpool stock
bales 599.000 739,000
like
the
following.
In reply to frequent inquiries we will add
2
47,000
1< 0,000
274,000
298,000
Continental stocks.
that these figures, of course, do not include overland receipts or
289,000
144,000
227,000
104,000
American afloat for Europe...
376,515 Southern consumption; they are simply a statement of the
351,644
461,6 >6
361,999
United States stock
81,875
53,lo6
77,999
39.119
United States interior stocks..
weekly movement from the plantations of that part of the crop
6,200
5,000
5.200
3,000
United States exports to-day..
which finally reaches the market tluough the outports.
stock
Total Great Britain
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
917,000 1,039,500
.
4,000
50,800
42,<*00
2,100
5,300
158,000
9,900
94,000
17,000
12,000
4,000
68,800
50,000
1,000
2,700
230,000
6,000
71,000
12,600
12,000
..
..
..
•
1,677,620
1 ,407,318 1,722,625 1,187,750
Total American
East Indian. Brazil, <£c.—
294,000
5 4,000
Liverpool stock
London stock
159.500
Continental stocks
India afloat for Europe
Egypt, Brazil, <kc., afloat
344,000
22,000
57,500
121.400
305,000
366,000
59.300
211,000
.' 0.600
.
April 4
730,770
970,700
770.900
873.500
l,lo7,750 1,677.620
1,722,625
,467,318
1,
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34,423
25,881
48,761
143,327j 164.383
82.8C9
50.575
20,864
13.951
43,976
15.657 127.630447,942
8.691 115,435 13J.872
81.235
75,822
.
13.65S
21.573
5,803 101.0:8 125.565
93,5:5 114,679
12,584 83.S04 105,926
8,409 72.408 98,763
70,523
04,174
—
15.930
15.024
30.426
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08
£23
2,672
„
3.298
from
4,774,158 bales;
bales.
although the receipts at the outports the past week
4,725 bales, the actual movement from plantations was
only 301 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 1,872 bales and for 1882 they were
3,298 bales.
Amount of Cotton in Sight June 20.—In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to June 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
1882-83
1881-82.
1880-81.
4,774,158 5,953 306 4,627,611 5,698,560
498,632
441,333
627,317
562,100
190,000
224,000
300,00280,030
Southern consumpt’n to Juno 1
Tot. receipts from plantat’ns
Net overland to June 1
Total in sight June 20
5,616,253 6,880.623 5,292,944 6,387,192
Decrease from September 1.
It will be seen by the above that
to-night, as compared with last year,
*
the decrease In amount in sisrl>t
is 1,264.365 bales, the increase as
with 1881-82 is 323,314 bales, audthe decrease from 1880-81
770,934 bales.
lowest 72.
India tt o'a, \lex a*.—We have had welcome showers on two
days of the week, but hardly enough. The rainfall
fifty-five hundredths of an inch. Crop accounts are more
favorable. The thermometer has averaged 83, ranging, from
reached
73 to 93.
.
* t- *
-£2
•>X
5,517
5,433
50.109
50 J5»)
Weather Reports by Telegraph.—The weather has in
general been very favorable at the South during the week, and
in consequence the crop is now making excellent progress.
Galv-ston, Texas.—It has rained on two days of the week, the
rainfall reaching one inch and forty-four hundredths. The
thermometer has averaged 82, the highest being 90 and the
CM
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X
fi',S-7
2.564
23,338 12,068
34,134 14 0 *8
3,281
29,905
564
30.233
1.780
19,540
4.519
10,703
2,055
14.410
604
1,872
is
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©
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19.106
30.021
90,791
X
t-
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*j§ $
40,095
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66.527
59.241 .20,923 157.8:0 189.806
8,3 i4
11,161
19.914
10,184
8,069
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14,767
9S.960
80.274 1!: 0,281 213.029
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21,249
5a,244
18S4
20,053
oomnared
‘
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v
13
“
68,889
19,032
18S3.
5,646,163
Receipts at the ports to J’ne 20 4,777,330 5,861,551 4,611,199
Interior stocks on Juno 20 in
52,392
16,412
/11 / 5 a
*3,222
excess of September 1
©
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27,229
78,708
72.935
18c2.
1883-84.
cookc-hcm -i*-/
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37.0*1 215.944 257,152 125.394
30,113 201,747 239.461 110,068
41,467
32,229
29,80'*
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1884.
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1883.
1883.
2.—That,
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Towns. Rec'vts from Plant’',u
were
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SVk atlnierior
1882
IrtS?.
33.006
PLANTATIONS.
The above statement shows—1. That the total receipts
the plantations since September 1, 1883, were
in 1882-83 were 5,953,306 bales; in 1881-82 were 4,627,611
I CM I :il
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9.
Juno ’6
in detail in the following statement.
MiooxixiSifiaOHr'iOQDna.'ioio^
cm © cm
cm cm © x »-< o 11> -j« -i«
-4 nc © x
....
2
“
imports into Continental ports this week have been
36,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 212,707 bales as compared with the same date of
1883, an increase of 122,368 bales as compared with the corres¬
ponding date of 1882 and a decrease of 127,572 bales as
compared with 1881.
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1882-83—is set out
25
May
5ilJ6d.
6%d.
Liverpool
18
“
2,408.390
2,,280.818 2,493,525 2,158.450
0:q6d.
6%d.
supply
...
11
“
The
CM
uttno—
t
292,000
45,000
31,000
44,000
Receipts at the Ports.
Week
132.170
126 40UI
38 <,000
“
Total East India, &c
Total American
Total visible
Price Mid. Upl.,
243,000
RECEIPTS FROM
2V’8*1*1
|§
Palt stine, Texas.—It has been showery on one day of
week, the rainfall reaching seven hundredths of an inch.
good rain would be
beneficial. Crop accounts are more
the
A
fav¬
The thermometer has ranged from 08 to 91, averag¬
ing
77.
~ *4S5*9
® =6 “=sgi
o
Huntsville, Ttmas.—We have have had a shower on one day
© O £
O
R
fctfa. j3wC5
KJOOI
R
of the week, and want more.
The rainfall reached ten hun¬
dredths of an inch. Crops are doing reasonably well. Cotton
This year’s figures estimated.
*
The above totals show that the old interior stocks have blooms are reported. Average thermometer 81, highest 93
decreased during the week 4,071 bales, and are to-night 38,880 1 owest 66.
jgs
-
•
a
tex’S/S
.fl
«-b
2
ca
^
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orable.
-
*
and
June
21, 1834.]
THE
CHRONICLE.
Luling, Texas.—We have had no rain during the week, and
some.
Crop accounts are more favorable. The fields
are clean.
The thermometer has averaged 84, the highest be¬
ing 96 and the lowest 72.
Brenham, Texas.—We have had one splendid shower dur¬
ing the week, and just as needed, the rainfall reaching one inch
and fifty hundredths. Crop accounts are more favorable. A
good corn crop is assured. The thermometer has averaged 81,
ranging from 68 to 94.
Belton, Texas.—It has been showery on one day of the
week, the rainfall reaching eighty hundredths of an inch.
Crops of all sorts are doing well. The thermometer has ranged
from 67 to 97, averaging 82.
Weatherford, Texas.—We have had showers on two days
of the week, the rainfall reaching one inch and fifty-two hun¬
dredths. No serious damage has been done. Young crops
look promising.
Average thermometer 78, highest 95 and
need
743
Sarannah, Georgia.—It has rained on three days, and the
remainder of the Aveek has been
pleasant. The rainfall reached
eighty hundredths of an inch. The thermometer has averaged
75, ranging from 64 to 86.
Augusta, Georgia—We haA'e had light rains on three days,
and the remainder of the week has been pleasant.
The rain¬
fall reached forty-nine hundredths of an inch.
The weather
has been very favorable to cotton, and the crop is developing
finely. Stands are perfect, the fields are clear of weeds ana
at present the outlook is very flattering. The thermometer has
ranged from 91 to 74, averaging 74.
Atlanta, Georgia.—It has rained on tAvo days of the week,
the rainfall reaching two inches and thirty-fiA*e hundredths.
The weather is quite Avarin; good growing weather.
Average
thermometer 69, highest 89 and loAvest 60.
Charleston, South Carolina..—It has rained on three days
of the Aveek, the rainfall reaching one inch and
seventy-five
lowest 65.
hundredths. The thermometer has averaged 74, the highest
Dallas, Texas.—It- has rained on three days of the week, being 87 and the lowest 67.
harder than desired, but probably no serious damage has been
Columbia, South Carolina.—Telegram not received.
The folloAving statement we have also received by
done, as most sections had begun to need rain again under the
telegraph,
hot sun. The rainfall reached two inches and two hundredths. shoAving the height of the rivers at the
points named at 3 o’clock
The thermometer has averaged 80, the highest being 100 and June 19, 1884, and June 21, 1883.
the lowest 67.
JSew Orleans, Louisiana.—It has rained on six days of the
week, the rainfall reaching three inches and sixty hundredths.
The thermometer has averaged 78.
Shreveport, Louisiana.—The weather has been very fine
and clear during the week, with a rainfall of seven hundredths
of an inch.
The thermometer has ranged from 09 to 93.
Vicksburg, Mississippi.—Telegram not received.
Meridian, Mississippi.—The early part of the week we
had rain, but the latter portion has been cl^ar and pleasant,
and at the close very favorable to cotton.
Greenville, Mississippi.—Telegram not received.
Columbus, Mississippi.—We have had rain on four days of
the week, the rainfall reaching two inches and forty-two hun¬
dredths.
Average thermometer 74, highest 90, lowest 60.
Little Rock, Arkansas.—It has been cloudy on two days of
the week, with good showers on each day, the rainfall reach¬
ing ninety-five hundredths of an inch. Cotton, though small,
has improved greatly in the past three weeks and the fields are
all clean.
The thermometer has averaged 78, the highest being
87 and the lowest 64.
Pine Bluff, Arkansas.—We have had showers on two days
of the week, the rainfall reaching twenty-one hundredths of
an inch.
The thermometer has averaged 77, ranging from 06
to 86.
Fort Smith, Arkansas.—It has rained oil two days of the
June 19, '84. June 21, *s3
Feet.
New Orleans..
3
20
9
23
32
Memphis
Nashville
Shreveport....
Vicksburg
Inch.
6
7
5
Feet.
2
30
K
17
39
6
8
Inch..
5
2
10
r
11
5
Nev\r Orleans
reported beloAv high-Avater mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-^
Avater mark of April 15 and 16, 1874, Avliich is 6-10ths of a foot
aboATe 1871, or 16 feet aboA*e Ioav-Avater mark at that point.
India
Cotton
Movement
from
Torts.
all
—
We have
re-arranged
our India service so as to make our reports more
detailed and at the same time more accurate. We had found
it
impossible to keep out of our figures, as cabled to us for the
ports other than Bombay, cargoes Avliich proved only to be
shipments from one India port to another. The plan now
folloAved relieAres
from the
danger of this inaccuracy and
keeps the totals correct. We first gh'e the Bombay statement
for the week and year, bringing the figures doAvn to June 19.
us
BOMBAY BECEirTS AND SHIPMENTS FOB FOUR YEARS.
Shipments this week.•
fear
Great
BriVn.
dontinent.
m
.
,
Shipmensince Jan. 1.
Conti¬
nent.
Great
Britain
Total.
Receipts.
This
Week.
StKce
Jan. 1
week, the rainfall reaching seventy-five hundredths of an inch.
cotton plant looks strong and healthy and the fields are
1884 13,000 3,000 16,000 143.000 555,000
998.000 40,000 1,461 0 0
1883 11.000 9.000:20,000 370,000 733.000 1,103.000 25.000 l 490 ui.ti
clear of weeds. The thermometer has ranged from 51 to 90.
L882 17.000 25.000 ;42,0o0 H65.000 519.000 1,184.000 30.000 l,4w0 Oo-v
Helena, Arkansas.—We have had light showers on four 1881
2 >.000 24.000 46 OOO 239.000 4A7 OOO
H96 OOO 34 00.. 1,019.0 0
days, and the remainder of the week has been pleasant. The
rainfall reached twenty-six hundredths of an inch, but in the
According to the foregoing, Bombay appears to sIioav an
neighborhood there have been heavier rains. The days have increase compared Avith last year in the Aveek’s receipts of
been warm and nights cold, but at the close of the week there 15,000 bales, and a decrease in
shipments of 4,000 bales, and
is a favorable change.
Good progress is being made in clear¬ the shipments since January 1 show a decrease of 105,000 b iles,
ing the fields of weeds. Average thermometer 76, highest 87 the nnwement at Calcutta, Madras and other India ports for
and lowest 69.
the last reported Aireek and since the 1st of January, for two
Newport, Arkansas.—Telegram not received.
“Other ports” cover Ceylon,
years, has been as follo\ATs.
Memphis, Tennessee.—We have had light showers on five Tuticorin, Kurrachee and Coconada.
days of the week, the rainfall reaching twenty-seven hun¬
dredths of an inch. The crop, though late, is developing prom¬
Shipments for the week.
Shijyments since January 1.
isingly. The thermometer has averaged 76, ranging from 68
Conti¬
Great
Great
The
to 91 *5.
Nashville, Tennessee.—It has rained on four days of the
week, the rainfall reaching ninety-three hundredths of an
inch. Good progress is being made in clearing the fields of
grass and weeds. The thermometer has ranged from 63 to 89,
averaging 74.
Mobile, Alabama.—We had rain on four days in the early
part of the week (one dav severe), but the latter portion has
been clear and pleasant. The rainfall reached one inch and
twenty-five hundredths.
Crop accounts are less favorable, as
we are
having too much rain, and weeds are becoming trouble¬
some.
but at the close of the week the weather is
able.
more
favor¬
Britain.
Calcutta—
1884
1883
Madras1884
1883
All others—
1884
1883.
Total all1884
1883
Total.
nent.
Britain.
2,6 00
2,000
1,C00
41 200
10,000
12^.700
78.000
13.000
4,51)0
4.600
17,600
1,000
5,300
5.600
19.100
6,000
114,000
1.600
2,000
1,600
2,0uo
Total.
87.500
68,000
13.500
4,000
1,600
Continent.
76,500
2,000
51.400
13.000
165,400
89,500
Average thermometer 76, highest 95 and lowest 66.
Montgomery, Alabama.—We had rain on four days in the
The above totals for the week shoiv that the movement from
early part of the week, but the latter portion has been clear the ports other than Bombay is 400 bales m re than same
and pleasant. The rainfall reached two inches and nine hun¬
week last year. For the whole of India, therefore, the total
dredths. The crop is developing promisingly. The thermom¬
shipments
since January 1, 1884, and for the corresponding
eter has averaged 72*9.
periods of the two previous years, are as follows:
Selma, Alabama.—It has rained on three days, but at the
EXPORTS TO EUROPE FROM ALL INDIA.
close of the week there is a favorable change in the weather.
The rainfall reached fifty-five hundredths of an inch. The crop
1883.
1882.
1884.
is developing promisingly.
Shipments
The thermometer has averaged 72,
This
This
Since
Since
Since
This
to alt Europe
ranging from 64 to 87.
week.
week.
Jan. 1.
Jan. 1.
Jan. 1.
week.
from—
Madison, Florida.—The early part of the week we had
998.000 20,000 1,103.000 42.000 1,184,000
16,000
rain, but the latter portion has been clear and pleasant. The Bombay
2,000
89,500
6,300, 187,900
165,400
1,600
rainfall reached three inches and six hundredths.
The crop is All other ports.
developing promisingly. The thermometer has ranged from
48.300
1.371,900
Total
17,600 1.163.400 22.000 1.192,500
66 to 95, averaging 83*5
This last statement affords a very interesting comparison of
Macon, Georgia.—It rained on four days in the early part of
the week, but the latter portion has been clear and pleasant, the total movement for the three yearn at all India ports.
and good for crops.
Average thermometer 71, highest 85 and
Alexandria Receipts and Shipments.—Through arrange¬
lowest 61.
•
ments Ave have made with Messrs. Davies, Benachi & Go., of
Cclumbus, Georgia.—We have had rain on two days of Liverpool and Alexandria, we now receive a weekly cable of
the week, the rainfall reaching one inch and ninety-four hun¬
the movements of cotton at Alexandria, Egypt. The following
dredths. The thermometer has averaged 76, the highest being are the
receipts and shipments for the past week and for the
90 and the lowest 65.
corresponding week of the previous two years, , ^
;
•
.
§
’
x'rl'‘
744
THE CHRONICLE.
Alexandria. Egypt,
June 18.
1883-84.
1882-83.
South Carolina Agricultural Department’s Report.—
The report on the condition of crops in South Carolina June
1
was issued on the 12th inst., and refers to cotton as
follows:
1881-82
Receipts <cantars*)—
This week....
Since Sept. 1
1,000
2,640,000
This
week.
E -ports (bales)—
To Liverpool
To Continent
Total
*
2,254,000
Since
i
Sept. 1.
1,000 250,000!
1,000 134,000
Europe
2.000 38
4,000!
This
week.
2,831.72.»
Since
Sept. 1.
j
[Vol. xxxvm.
This
Since
week.
Sept. 1
1.000 232,000
2.000 244 700
1,000
86,ooo;
1,100 176,271
2,000 318,000
i 3.400;420,971
A. cantar is 98 lbs.
This statement shows that the receipts for the week
ending
June 18 were
cantars and the shipments to all Europe
2,000 bales.
“With the exception of the latter part of May the mouth was
favorable for cotton. The rains were not sufficient to interfere withvery
the
worUin.s: of the crop, and fanners were enabled to free it of grass, so
that it was in the best possible condition to get the
greatest benefit from
the June rains. Some re-planting has been necessary.
The latter part
of May was cold and unfavorable and the growth of the
plant was
cheeked, but no serious injury has been reported from this causa. The
is ten days to two weeks later than last y ar. b it tne ‘stands’ are
good, and with favorable seasons in June, it is expected that the
crop
will reach an average by the first of July. Tne condition is
reported:
In northern Carolina 96, middle Carolina 95 and lower Carolina 9 7.”
crop
Comparative Port Receipts and Daily Crop Movement,
—A comparison of the port movement by weeks is not
accurate,
as the weeks in different years do not end on the same
day of
the month.
We have consequently added to our other
standing
tables a daily and monthly statement, that the reader
Manchester Market.—Our report received from Manchester
may
to-night states that the market ift quiet. We give the prices of
have before him the data for seeing the exact relative
to-day below, and leave previous weeks’ prices for comparison. constantly
movement for the years named.
The movement each month
since
September 1, 1883, has been as follows.
1884.
1883.
32* Oop.
Twist.
d.
Apr 18 S7e
••
‘25
d.
to
to
May 2 8%
“
9
1*
23
“
3u
June 0
“
13
“
20
"
“
938
938
9*4
8^8 to 918
85g to 918
8*
8^
8%
8*
to
to
to
to
to
OotVn
8*4 lbs.
Shirtings.
d.
s.
5 11
tol
5 11^*7
5 lO^tol
5 8 *2 ^7
5
d
5
8i*®7
8bj0 7
8ic $7
8Si®7
1^0,1
s.
914,5
914 5
9qi5
9145
9i0i5
Mil.
TJpl is
d.
32* Cop.
Iwi8l.
d.
d.
s.
614
63,6
618
^ to 914 0
Slfl to 938 "5
89,8# 9bj!5
3
3
6hft
3
85q to 9V5
8Hi8®99ifi 5
«5i«
3
3
63*
(>3g
ih2
6‘16
63q
5h>
513
1
6’4
Cotton Acreage Report.—In
913 5
8ibe® 914 5
to 9*8!5
85b to 9i8 5
85s to 914 5
to
our
Oott
814 lbs.
d.
s.
9 tol
9
to7
10 tol
10 tol
10 tol
10 tol
9 tol
9 tol
9 tol
9 tol
n
Mill.
Shirtings.
Uplt8
d.
d.
3
3
558
55s
53t
41-2
412
4^
513ie
5i5l6
578
3
5%
o\
lie
3
511,6
51*16
editorial columns will be
found
to-day our annual cotton acreage report, with an account
length of the condition of the plant in each section of the
South, together with our rainfall and thermometer record.
at
First Bloom
in
Alabama.—The Mobile Price Car rent of
the 14th inst. says:
“
The first, cotton bloom was reported this season June 3d in
Mont¬
gomery County, Ala.
The first blo< m last season was reported June Till
in Wilcox County, Ala. 'Pile first bloom in 1882 was
reported May 2tfth
in Clarke County, Ale. Tne first bloom in 1881 was
reported June 5tli
in Peny County, Ala.”
New York Cotton Exchange.—At the
meeting on the 16th
inst. for discussing the by-laws relative to calls of
print cloths,
a letter was read from Mr. Frank A. Rhodes of
Providence, a
print cloth broker, who ob jected to storing in New York the
print cloths for delivery on contracts, and he suggested, in
order to accommodate manufacturers,
Boston, Providence and
Fall River would be the proper places for
storage. He also
recommended some change in the
wording as to the quantity
to be dealt in and to be delivered.
Mr. Geo. Moore, a prominent
member of the committee for
framing the laws, fully and
satisfactorily explained the inexpediency of both these changes,
how the rules respecting cotton had been taken as a
pattern,
and as they worked well the same result
might be expected as
regards their application to print cloths. The larger price
difference in dealing in the latter Mr. Moore considered an
improvement, and he was in hopes of seeing yet an
H ]ual diffeience adopted for cotton futures.
Mr. Moore re¬
commended the laws to he passed as
they had left the com¬
mittee. Much care and deliberation had been bestowed
upon
them.
Let them have a fair trial, and if some alterations or
additions should be found requisite, they
then
made.
It
was
resolved to let the
could
question be"decided
Tear Beginning September 1.
Monthly
Receipts.
1882.
1883.
1881.
313.812
326,656
October.. 1,046,092
930,581
SovembT 1,030,380 1,094,697
Decemb’r 1,059,653 1,112,536
Sept’mb’r
487,729
385,933
241,514
111,755
45,913
.
March.
April
..
..
..
May
1879.
429,777
458,478
853,195
968,31 H
974,043 1,006,501
996,807 1,020,802
487,727 571,701
291,992
572,728]
257,099
476,532
147,595
284,216
113,573
190,034
.
January
February.
1830.
752,827
595,598
482,772
234,519
185,523
1878.
333,64s
888,492
288,848
942,272
689,264
779,237
956,461
647,14'447,91264,913
153,025
110,006
618,727
566,924
303,955
167,459
84,299
893,664
Totalyear 4,752,791 5,315,712 4,551,803 5,549,4L0 4,743.8 73; 4,392,277
Paro’tage of tot. port
receipts May 31...
9661
96 43
94 47
94 91
93 73
This statement shows that up to May 31 the receipts at the
ports this year were 1,002,921 bales less than in 1882-83, and
200,983 bales more than at the same time in 1831-82. By adding
to the above totals to May 31 the daily receipts since that
time,
we shall be able to reach an exact
comparison of the movement
for the different years.
i
1883-31.
1882-83.
1881-32.
1830-81.
1879-80.
1878-79.
Tot. My31 4,752,791 5,315,712 4,551,808 5,549,410 4,748,873 4,392,277
S.
2.694
8,474
2,301
5,37
S.
“
2;...
2,056
3:05
1,493
2,720
3,731
2,002
“
3
S.
3.2 49
2,328
6,351
2,401
2,044
J’ue I....
...
“
4
528
4,127
“
5....
868
4,920
2,656
5,175
1,043
4,100
3,589
3,327
2,245
5,163
2,002
3,236
2,903
1,865
“r
6....
“
7....
“
8...
S.
“
9....
“
10....
2,002
713
“
11,...
569
“
12...
“
13....
593
3,489
“
14....
“
15....
“
16...
545
“
17....
2,107
329
S.
“
18....
20 4
be
“
19....
553
usual
“
0
8.
0.
2,489
5,563
2,903
1,642
5,735
•
5,3 42
S.
8.
1,913
2,356
1,719
1,886
1,044
1,557
2,316
4,790
6,129
3,309
4,381
S.
5.049
833
2.691
S.
2.913
1,748
4,984
2,013
954
3,793
3,598
3,484
1,142
S.
3,105
1,583
4,569
8.
875
2,190
1,880
6,754
5.719
4,037
1,865
2,753
2,356
2,914
13,299
3,741
3,260
4,951
S.
2,709
4,461
1,773
1,186
3,573
419
1,826
S.
1,060
1,021
S.
662
2,537
S.
by
987
20....
4,597
8.
4,223
2,097
voting, and on the 19th inst. the members gave complete evi¬
dence of their approval of the laws, only two votes
Total
4,777,380 5,876,732 4,605,519 5,629,99 s 4,805,109 4,414,610
being cast
in the negative, against 184 in favor of
"adopting
the proposed Percentage of total
Chapter V of the by-laws in relat:on to print cloths, and the port reo’pts J’ne 20
97-62
9757
95-8 4
96 05
99-26
amendments to the old by-laws relating
to the same subject.
This statement shows that the receipts since Sept.
Now it only remains for the board of
1 up to
managers to arrange the
to-night
are now 1,099,352 bales less than they were to the same
machinery for carrying out the call of print cloths.
day of the month in 1883 and 171,801 bales more than they were
India Cotton Crop
Prospects.—By cable from Bombay to¬ to the same day of the month in 1882. We add to the table
day we have advices which state that the rainfall has been the percentages of total port receipts which had been received
very favorable for the cotton crop up to this date.
to June 20 in each of the years named.
•
as
The Crop in Texas.—The Galveston
Daily News of the
16th inst. publishes reports from the
agricultural districts of
Texas on the crop prospects.
There are 200 replies of date
June 14. which cover seventy-six counties.
The reports in¬
dicate that while the crops in the lowlands was much
damaged
by the heavy rains of May, those on the uplands were benefitted. There had been, morever, a
great improvement in
the condition during the two or three weeks
preceding the
date of the replies, and the
prospect was considered good for
an average
crop, though not, of course, up to the full capacity
of the acreage planted.
Georgia Agricultural Department's Report for June
1.
—Commissioner Henderson issued on the 12th inst. his
report
for the month ended May 31st.
On cotton the
report says:
“The stand of this crop the first <>f June
compared to a -rood stand, in
•northwest Georgia is 97, in middle Gaorgi i
96, in southwest- Georgia
97. in east Georgia 93, in southeast Georgia
91, and in the whole State
97. The condition compared to an
average in north Georgia is 92, in
middle Georgia 96, in southwest
Georgia 97. in east Georgia 91, in
southeast Georgia 97, and in the whole State 96. Tne
stand and condi¬
tion is six percent below t lie report for the month of
May, 1883. The
crop has hern generally well worked, hilt the growth has
been retarded
and the stand impaired by the low
temperature of the month.”
The Following are the Gross Receipts of Cotton at
New York, Boston, Philadelphia and Baltimore for the past
week, and since September 1, 1883.
New Yohk.
Receipts
from—
New Orleans.
Philadelphia
Baltimore.
This
Since
This
Since
Tnis
Since
This
Since'
week.
Sept.. 1.
week.
Sept, 1.
week.
Sept. 1.
week.
Sept. 1.
1
Texas
Savannah.
Boston.
..
045
231,083
602
200,384
344
155,060
.
303
1,000
2,130
07,337
;
*
j
13,577
•
....
14,530
Florida
So. Carolina..
207
0,167
111,122
No. Carolina..
10
31.075
Virginia
10
223,270
2,205
2.073
107,000
1,085
North’n ports
Tennessee,&c
Foreign
325
This year...
2,512
T HSt.
r
•
0,201)'
14,108
142
......
51,777
102,300
180,000
6,338
40,913
....
1,555
t
-
..•••
"...i
..
......
59,230
-
t
-
t
1
2
15,323
25,137
If
S4,o33
••••••
......
12
29,549
51,412
!
......
1
.....
1,083,3241
4,503
435,123
1,555
115,111
21
214,079
*u9,i.ofli.nani
7.01 1
tyjiS <v>c
l
17(1 »<? 1
7 035
310.721
Jure Burrs, Bagging, &e.—The market has beea rather
mare business daing, sine: our last rejort
in a joa
active and
June
THE CHRONICLE.
21, 1884.J
bing way, but little business has been transacted in large par¬
Prices are without change, but are steadily maintained
by* dealers, who do not care to accept less than quoted rates
for the parcels moving, and we do not hear of any tiling less
quoted than 9}4c. for \y2 lbs., 10c. for t% lbs., 10;54c. for 2 lbs.
and ll%c. for standard grades. Jute butts are rather slow, and
beyond a few small transactions we hear of no business. The
market is dull and quotations are nominal at 214'@2/1^c. for
paper grades and 2 b (a) 'l%c. for standard grades.
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
36,105 bales. So far as the Southern ports are concerned, these
are the same exports reported by
telegraph, and published in
the Chronicle last Friday.
With regard to New York we
include the manifests of all vessels cleared up to Thursday
night of this week.
cels.
Total bales
New York—To
Liverpool, per steamers Baltic, 211
City of
Rome, 22
Germanic, 1,752...Merchant, 1,451...St. Ro¬
mms, 5,SID—Strvia, 912
Sirius, 1,S41
Wisconsin,
1,106
13,114
Bremen, pci* steamers Em?, *2CO
Nurnberg, 100
300
Baicelona, per steamers Ana do S.ila, 3,100
Herman
Cortes, 7,<i 10
11,C IO
To
To
To Genoa, per steamer Britannia, 1,113
New Orleans—To Liverpool, per steamer Clayperon, 2,(551
To Bremen, per steamer Havre, 2,517
Liverpool. Bremen. Barcelona. Genoa.
SOU
2,517
Philadelphia
11,010
2,817
1,113
11,010
add the clearances this week of vessels
Below we
cotton from United States ports,
the latest dates:
bringing
our
d.
6 24
6 24
0 24
0 24
d.
d.
d.
d.
d.
6 24
6 24
0 23
0 23
0 22
623
0 24
0 23
0 24
0 23
0 23
! 0 25 ! 0 24
0 22
0 22
6 25
0 21
0 25
6 24
6 24
0 23
0 23
6 21
6 24 ! 0 24
6 25
6 29
6 29
0 26
0 28
6 31
6 31
031
6 30
Sept.-Oct...
6 26
6 20
0 26
Oct.-Nov....
6 14
6 14
Nov.-Dee,.
6 10
Dec.-Jan....
6 0S
| 0 27
6 28
0 27
6 28
6 27
0 27
6 20
0 20-
0 29
0 31
6 29
0 30
0 28
0 28"
0 26
6 25
0 20
0 25
6 20
j 0 29
6 29
0 25
0 25
0 24
6 24
0 14
6 14
0 14
0 14
0 14
0 14
0 13
6 13
0 12
0 12
6 10
0 09
0 09
0 09
0 09
0 09
6 09
0 08
0 06
8 08
008
6 0S
0 08
0 08
6 08
0 08
0 08
6 0S
0 07
0 07
0 07
0 07
....
....
....
....
,,,,
•
•
•
•
....
....
•
•
•
.
....
• ••«
•
....
Wednes., June
•
•
«
Cotton
Virginian,
Do
„
Havre, steam
Do
sail
Thurn., June 1 f>.
!
Open High Low. Clos.
June-July..
July- Aug...
AuK.-Sept..
September..
Sept.-Oct...
6 20
0 20
0 19
0 19
0 20
0 22
0 20
0 22
0 22
0 20
0 20
021
0 20
0 20
6 21
0 23
6 21
0 23
|!
0 2 -2
6 21
6 23
0 23
6 21
0 21
6 24
6 24
0 23
0 23
|
0 23
0 20
0 23
6 26
0 25
0 20
0 23
6 23
6 26
0 26
0 25
6 25
6 20
0 28
0 24
6 28
0 28
0 28
0 25
6 25
6 22
6 22
021
0 21
|
;
0 21
6 23
0 21
0 23 j
0 23
0 24
021
Oct.-Nov...
6 10
0 10
0 06
6 09
6 09
0 11
0 09
0 11
6 11
6"12
0 10
6 10
1,733
2,221
1,536
j
i
0 21
5,108
Nov.-Dec... 6 06
0 06
601
0 04
0 00
0 05
0 00
i
0 07
6 07
0 05
0 05
0 04
0 03
0 03
j
0 05
Dec.-Jan....
Jan.-Feb
6 04
0 05
6 04
0 05
6C6
610
015
6 05
6 04
•
Feb.-March.
March-Apr.
•
•
•
;
....
....
.
....
....
3,955
.
..
•
.
.
.
.
•••
•
•
•
•
.
June 14-
....
2364*
2304*
Do
sail
c.
Hamburg, steam. c.
Do
sail...c.
Amst’d'm, steam.c.
Do
sail...c.
Reval, steam
Do
d
sail
'
c.
....
....
....
....
V
V
V
....
-
3g*
38*
Antwerp, steam..c.
*
Compressed.
•
•»
....
V
V
....
....
....
....
3a*
38*
38*
38*
....
....
....
....
....
310*
3lb*
he*
he*
3ie*
he
....
....
....
....
....
....
....
....
3qv
38*
....
•
38*
38*
3a*
3a*
he*
be*
be*
be*
be*
be*
h*
h*
V
h*
V
V
c.
...c.
•
....
....
Bareelona.steam.c.
Genoa, steam
Trieste, steam
....
V
Liverpool.—By cable from Liverpool,
statement of the week’s sales, stocks,
add previous weeks for comparison.
May 30.
Sales of the week
bales.
oi which exporters took
Of which speculators took..
Sales American
Actual export
Forwarded
Total stock—Estimated
Oi which American—Estim’d
Total import of tho week...
Of whicn American
Amount afloat-
73,000
5 300
....
Of which A merioan
1
14,000
44,000
6,000
13,000
917,001
G 10,001
44,001
10,001
•
we
•
•
have the following
We
&c., at that port.
June 6.
21,000
1,400
1,100
10,000
12,001
7,501
911,000
033,001
32,001
19,001
178,000
210.000
45,000
40,000
June 13.
June 20
50.000
44,000
7.3 JO
2.300
3,800
1,700
27,000
38,001
4.800
4,300
9,300
899,001
011,001
7,400
48.001
19,001
228.001
30,000
893,000
599,000
4
4,000
21,000
207,000
40,000
The tone of the Liverpool market for spots and futures each
day of the week ending June 20, and the daily closing prices
of spot cotton,
Spot.
J
Mid Upl’ds
Mid.Orrns
Sales
8peo.<\
as
Saturday Monday.
Market, (
12:30p.m.
have been
exp.
Free
supply
follows:
Tuesday.
Wednes.
Thursd’y.
Friday.
Dull.
O’lll.
Steady.
Quiet.
63a
0*2
63s
64j
Offering.
Freely
supplied.
Gbe
0h6
6be
6hs
Obe
7,000
1,000
8.000
7.000
7,000
1,000
1,000
1,0^0
10,000
2,000
638
6Lj
7,000
1,000
Dull.
Quiet.
Firm.
Quiet.
Easy.
Quiet.
6he
futures.
Market, l
12:30p.m. $
Market, £
4
P. M.
(
Dull.
Quiet
but
steady.
Easy.
Firm.
Quiet
but
steady.
•
•
....
...
....
.
.
.
,
Weak
d.
0 20
....
....
,,,,
....
....
....
.
.
,
....
....
....
....
...
....
.
.
.
.
.
.
....
.
.
.
....
BREADSTUFFS.
but
or
he*
2364V
•
|
j
Friday, P. M
ho*
....
•
,,,
.
Flour lias at times sold
he*
25c4*
Open High Low. Clos.
d.
964*
«
Fri., Juue 520.
j
0 20
....
•
•*
d.
*64*
•
•
6 22
....
.
•
d.
9G4*
....
,|#4
0 22
....
.c.
...
.
j
964*
c.
Bremen, steam,
..
....
.
0 22
9«4*
51G*
•
0 22
9t4*
51G*
.
•
0 22
Fri,
516*
.
•
6 22
Thurs.
c.
.
....
6 19
Wednes
•mm
....
....
6 19
Tues.
•
....
....
0 19
Mon.
....
....
....
6 19
Satur.
sail...d.
....
lS.j
Open High Low. Clos.
as a
less
,
June 20, 1884.
freely at rather firmer prices,
light and the market more
The supply is still quite liberal. To-day
more
rule the demand has been
depressed.
the market
Liverpool, steam d.
....
.
June
follows:
as
•
,,,,
1
d.
.
freights the past week have been
•
•
....
Royal, 28.
Steamer
d
0 22
d.
carrying
data down to
Galveston—For Liverpool—June 13—Bark Roma. 2,261.
Boston—For Liverpool—June 13—Steamer Pavonia,
Clos.
d.
6 25
March-Apr.
''High ! Low.
6 24
6 25
Jan.-Feb...,
Feb.-March.
Open
d.
30,195
New Orleans—For Liverpool—June 14—Steamer Counsc
llor,
Juue 17—Ship Rudesti Bozzoni,
-.
For Havre—June 16-Steamer Alexander Bixio,
3,237.
For Bremen—June 14—Ship Port
! d.
Low. Clos.
d.
25,537
......
21,255
•
d.
6 24
6 24
June-July..
July-Aug...
AuR-Sept..
September..
...
Total
d.
1T,
une
d.
Total.
1,113
1,530
d.
Tues., J
d.
usual
our
!Open High
Open High Ltno. 1 Clos.
..
Mon., June 16.
5 62-64dr.*
d.
follows:
2,e5L
1,733
2,221
|
Sat., J line 11.
J una
means
6 3-64rf.
d.
36,195
13,114
means
1,530
particulars of these shipments, arranged in
New York
New Orleans
Baltimore
Boston
EF*The prices are given in pence and 6i.ths.thus: 5 62
and 6 03
2,221
Total
are as
otherwise stated.
1,733
408..
form,
opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
2,517
Philadelphia—To Liverpool, per steamer Illinois, 1,530
The
The
1.113
2,05 L
Baltimore—To Liverpool, per steamer Nova Scotian, 1,733
Boston—To Liverpool, per steamers Kansas, 1,753
Venetian,
745
was
dull and weak.
Wheat has met with
fair demand for export,
but in a
speculative way has been comparatively quiet. Until more
definite information can be obtained as to the probable mag¬
nitude of the present crop there seems likely, to be only a
moderate degree of activity in the purely speculative branch
of the market.
Prices advanced some days ago but latterly
the tendency has been downward.
Small receipts,- less favor¬
able
weather
shorts caused
at
the
a
West and
advance
some
demand- from
the
Tuesday. But since then the
trading both here and in Chicago has been uuusually light and,
with more favorable weather, prices have, as intimated, been
slowly declining. Reports that considerable damage had been
done to the crop in California by rain are now said to have
been greatly exaggerated; the
Crop almost everywhere*^
throughout the wheat belt seems to be in a fine condition and
a marked increase in the yield this year is generally expected..
Dry weather is now considered the best for the crop in most
sections, and reports of rain have a tendency to advance
prices. The weather at the West is now hot and forcing. Lat¬
terly harvesting has been reported in Illinois, Indiana, Kan¬
sas, Missouri, Kentucky and further south.
To-day the mar¬
ket was quiet and slightly lower for future delivery.
No. 2
red closed weak at §1 01 delivered, 99c. for June, 99;^gC. for
July, $1 01?8 for August and $1 02}4 for September, showing
a decline for the week of *£c. on the spot and lffc. to 2c. for
future delivery, the later months showing the greatest de¬
pression.
Indian corn has advanced, and' there have been reports of
manipulation in Chicago with a view to cornering July con
tracts.
The supply of contract corn there ha3 not been very
liberal for some little time.
Latterly, however, in sympathy
with wheat this cereal has declined somewhat.
The crop is
said to promise well.
Corn is considered to be in a stronger
position than wheat, judged from the statistical standpoint,
but there is apparently not much disposition to speculate just,
now, either here or at the West.
There has been only a fair
export demand here. To-day the market was quiet and J^c..
to %c. lower.
No. 2 mixed sold on the spot at 64c. delivered,
No. 3 at 57?4'@58c.
Contract mixed corn is the best sustained.
Yellow and white are not plentiful and are to a great extent.
nominal.
No. 2 mixed closed weak at 6‘d]4c. delivered, C2c»
for June, 62^c. for July, 63^0. fer August and 64?4C. for Sep¬
tember.
As a rule these are the prices of a week ago, though
cash
corn
is
some
on
i^c. higher than then,
THE CHRONICLE.
746
Rye has been moderately active at steady prices ; prime Can¬
ada has sold at 7Ge. and Western to arrive at 7ii}£e. Oats
have been quiet at lower figures. No. 2 mixed sold to-day at
86%@oGJ£c. for June and July and 34J4c. for September. No.
2 mixed closed weak at 36^Jc. for June, 86?gC. for July and
34j^c. for August, showing a decline of 1 to l^e. during the
week.
The
following
closing quotations:
are
2 50® 2 85
2 65» 3 if
.r 4 &u
Superfine
Spring whea..
3 75®
Minn, clear and stra’t
Winter shipp’g extras.
Winte-
o'aq.r
Patent a. winter
$5 00® 5 35
City snipping extras.5 05 ® 5 10
bbl. $? 15® 2 65
q.
5 50
3 25 ® 3 50
1
.
bakers' and
Southern
family brands
4 75® 6 00
stip’g extras. 4 00® 5 25
Rye flour, superfine..3 60® 4 00
South’n
Corn meal—
Western, &o
3 00® 3 35
Brandywine, &0....3 30® 3 45
3 50® 5 75
5 00® 6 40
Btraiguc.... ........
Patents, spring
*Jiic1iuI(mI in tlie foregoing totals are the reports fi-om Milwaukee
New Haven, Portland ami E’a mouth, Icichmond, Willamette and Yorktown, the delaiU for May, 1881, being as follows:
18943.$
Milwau-
kce.
Barley—
Bushels
Value
.$
Indian cornJiushels
Value
,fj>
Indian corn meal—
Barrels
Value
Oats—
Bushels
Value
.$
OatmealPounds
New
Port-
Rich-
Haven.
(anil, die.
mond.
Willa
mette.
Yorktown.
.
.
FLOUR.
No. 29T'ring...^8
No. 2 winter
[vol. xrxvm.
GRAIN.
.
-
...
.
Value..$
Rye-
•
Bushels
Value
.$
Wheat —
Bushels..
22,500
Value.
$ 22,500
Wheat flour—
Barrels
Value
.$
Total values—
.
Wheat-
Spring,per bush.
Spring No. 2
75
Red winter, No. 2
Red winter
White
White No. 1
Com—West, mixed
West. mix. No. 2.
White Southern
YeUow Southern
Western white...
101
97
®
96
® 97
®1 02
80
63
®
®
62
63 3»®
70
Rye—Western
69
®
73 h
75
30
...37
®
®
®
76
38
40
State & Canada
Oats—Mixed
White
No. 2 mixed
®l 01
®....
®—
®
61
« 64
®
55
Corn—
Western Yellow
38
®
®
State, two-rowed
State, six-rowed
70
3678
363*®
373*®
No. 2 white
Bariev —No. 1 Canada
No. 2 Canada
The following statement, prepared by the Bureau of Statis¬
tics, will show the exports of domestic breadstuffs from the
undermentioned customs districts, during the month of May,
1884, and for the eleven months ended the same, as com¬
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12,500
761,583
916.447
2.511397
.
....
2,783.o8S
1,875,906
714,207
1,378,697
1,009.918
55.013
55,185
108,793
144,553
908,247
57,611
42,478
71.093.195
99,501.901 58,698 897
85.469,813 '47.081.759
16.907.907
15.312.003
1881....
7,066,786
39,621,66''; 100.7 91,162 33,077,041
11,976,306
The
0.008.164
•
4,573.952
3,743,418
comparative shipments of flour and grain from the
same
ports from Dec. 24, 1883, to'June 14, 1884, inclusive, for four
years, show as follows:
Flour... ....bbls.
ITheat
bush.
Oorn
CftTfc
1883-84
1882-93
18.81-82
4,696,079
4,222,497
3,368,219
19,521.795
10,867,913
21,853,361
35.687,088
13.910,046
2.053.934
1,267,702
40.<17,333
14,989.984
l '972.638
2,859,503
13,513,142
48,141,585
20,843,350
4.489,028
1,634,225
S9.164.029
88,620,330
63,816.733
79,860,225
41.929,861
22,175.972
2.674.895
tiarley
Kyo
....
are
the rail
1880-81.
4 020,600
1,026.906
shipments from Western lake and river
years:
Flour..
1881.
Ween
June 18.
1882.
1883.
Week
June 1G.
Week
June 17.
74,428
44,946
86.448
164,504
308,4S3
785,927
19,701
35,223
183,099
386,258
513,299
24,848
220.897
861.470
_
CC
CO
_
w
ft
r
•
X
X
cr
ZjL
-
:
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t-* •
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©:
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©
:
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CO *4 CO M *— - .1
CO C M © I C CC X
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t
o» <c a © © Ik i— I* *-»tc t X
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i
Total.
1,373,844
The rail and lake
weeks were.
shipments from
29,441
745,589
17,138
19,702
1.136,945
1,964,794
same ports
Week
Flour,
endina—
bbts.
Juuc 11. 16 4.871
J"HO 7. 197.437
May 31. 1 64,860
bush.
hush.
1,459,436
May 24. 225,260
1,449,112
1,947,201
2, >63,42 »
2,066.407
1,457,312
4,718,405
2,911,010
8,034.345 5,106.053
9.903.022 4.451,057
w.
742,129
Wheat,
Oorn,
747.934
1,062.873
The receipts of flour and grain
week ended June 14 follow:
Flour,
Wheat,
bbls.
89.022
66.720
255,159
X
w
Philadelphia...
27,384
20.549
9,730
cc
*
'
•
•
•
|
'
•
tC;
:
*1*
'
b>
tc:
;
m
x.
-
*
JC
co
A
©© w-*l
—
•
•
)
*
WX It*. 4*
C-J *** i
34.591
AtNew York
Boston
Portland
Montreal
c
-J
© © © O'
•
13,397
It*
J
•
•
J
'
Ot
tc
4
© •
;
>'
to
tc
O'
* i
V
>5
Baltimore
New Orleans...
bush.
34,350
678
13,062
160,065
88.500
245,815
for last four
Ryf.
Oats,
Barley.
bush.
bush.
bush.
13.397
28.13.8
58.749
59,225
163.053
259.157
219.493
458,534
695.294
360,759
1.342.513
1,445,577
1,157.781
1,160,1S2
53.591
115,292
at tlie seaboard ports for
o
:
rf-P'r
ciic
1,258.101
©
©
9'
o
233,748
1,167,120
Barley...
Rye
C'
4*
*
...
4w’ks’83. 571,208
Z2 '
;
•
bash.
Wheat..
Tot., 4
•
;
tCtO-ICO
M
!
2,400
65,537.110
©
to
ZJ*
©
X'
1
CO I-* X, X
*UC0i0i*O'-^l* OlC*-l
tc-
tc.
OI'
186,415
8,100,418
CO
-I
•
2.865
149,010
8.472.149
to
•
ifs
■€*
6 DO
7,950
82,707
15,500
1882
tc
‘
■
M
.
17,160
109,899
0,280
;
SlnceAug.l—
1883
X
»*•
MOICC*5 oivO w
.
it*,
129,291!
491.860
23,114
to
tc
©•'!**-
►—
Same wk. ’82
Oats....
-1 ©.— I
1C J © l c
— - l — - |
1*
c © On
:c
C - 1 *
x o> o r c.
r-!
<© *■* tc
tc.
156,808
Oorn...,
xi-
.
148,400
Same wk. ’83
6,000
101,728
12,540
70,976
1884.
Week
Jane 14.
tO
«
Rye.
85,750
2,745
-1 X
■t- -
x re
X CC CD O
©*L. ©'-*ii
h r to c O' o co
CO O O' c O' iC if- ►- c
x ~»tc
fft
Barley.
31,290
168,709
99,340
tebj^-c
© © C ir.
O' M * >—
coc.tc-ir.i-•
oicy;
o.
Tot. wk. ’84
ports for four
t
10 -J
© © I*4 X
'I
©w*cx
OI.
21,500
Below
w r
I*
©xx *
© * O' X
Ol
oi— or © ©
-J ic f— ©
.
*
605
Total grain
4- ^
-1 © ~ 1 ©
tc
Oats.
c
cc w
.
—
5
ZZ
tool
y ©p-
•#n
•
©lulu
►-
-
*
IC
.
f-*
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if*
lf-©l*tC0>'
*
i:
* tC-1-1
O'1 #*■
O'
ic ic
4- ic
re *-l
Xr*X) O'
3,830,286 848.337
3,614,375 1008593
>*
If* CO o zc
»—
tC -I 'C O' CC iD
r* •*
b< b i* I©
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O' c
-i X CO
CO O' tc
© *• 1* W X
-1 © © © —
1?
© if* V
Cn-
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CO OI-1 CO
to
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v.ocu.
H.
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to CC ‘ c *c u c
l* 00 CC HCCOD*
CO W if* ©
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W +— 1
‘
a
•
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CO* WO
•
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CO if*
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V
h
a
...
a
H1 W tO tC
-1 *
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-
319,781
48,660
2,305
19,0 57
..
Peoria
•
••
;
tc w
*1* CO©
O' it*. — *1
r-,U tO*
•
•
Corn.
Wheat.
58.869
Duluth
i*
•f*
© CO ti r*
*-t t
Flour.
2,152
.
J
©OO’if-
cnb©
33,500
99,108
Bbls.imbs Bush. 60 lbs | Bush. 56 lbs Bush.32 lbs Bush.48 lbs i Bush.M lb*
961.223
29.499
43,294
117,241
1,565,188
33,540
408
,
•
M
O' w tc c
48,323
66,739
The movement of breadstuffs to market is indicated in the
statements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the compara¬
tive movement for the week ending June 14 and since Aug. 1
for each of the last three years:
Chicago
Milwaukee..
*
W on
98,711
57,324
55,572 1,999,553 1 ,170,912
64,519
216,190 1 ,120,574
t Not stated previous to July 1, 1883.
Detroit
CO co
16.402
1,080
523,880
Toledo
3;^| ;
oo
.
g®: fo:
© ©
rep-;
33,500
265.921
Receipts at—
o
* *
n-p-
2,312
—
© o XX
C S *»: Ift’
,
® ©
—
9,257
25,445
5,600
17,209
98,711
352w^gr
r cc go
•
: :
• sc •
;
; • *-j :
•:•:©•
0 P Wlf*
—
a
©•
g£ fo:
I* I*
00 QO
i_i
_
bP X
vear:
“
c:a)
= ©crg®pcro©
?dvj © efjrP <i
® si
W
W
w
???»
22.500
;
520
1,441
7,304
.
May, ’84$
May, ’83$
52.881
46foii
11 months—
®
®
pared with the corresponding periods of the previous
9.099
9,098
.
Corn,
.Oats,
bush.
bush.
730,338
198,800
8,900
132,177
126.300
107.300
136,715
852,850
104,050
3,250
59.004
133.200
36.478
Barley,
the
Ry«,
bush.
bud.
236 250
9,503
2.500
2,400
48.5*30
12,758
Total week... 232.195
783,839 1 .441,030 1,201.590
696.261
Cor. week ’83.. 214.373 1.,042,273 1 ,925,223
11,900
1,650
297,330
87.284
The total receipts at the same ports for the period from Dac.
24, 1833, to June 14, 1881, compare as follows for four years:
THE CHRONICLE.
June 21, 1884 j
5.734^902
1881-82.
i 080-81.
6,545,365
5,214.605
6,171,953
bosh. 15,632,503
23,389,024
43,291,273
12.141,681
2,153,349
1,446,029
15.066,579
18,046.676
11,275,706
2.262,604
724,997
38,699,822
1882-83.
1883-84.
..bbbt,
Floor
Wheat
Com
Oats
24,543,295
12,141,850
2,391,303
Barley
Bye....
2,461,805
45.797.228
11.199,918
2,019.387
668,186
tracted
747
great many buyers. All the goods were promptly
disposed of, but the prices obtained were low and unremunerative to the manufacturers. The failure of the large wholesale
clothing house of Carhart, Whitford & Co., with probable
a
liabilities of
million dollars, was announced in the
over one
trade, and caused
somewhat
disquieting effect in woolen
goods circles, although it is believed that the embarrassment
The exports from the several seaboard ports for the week
of the firm will prove to be only temporary.
ending June 14 1^34, are shown in the annexed statement:
Domestic Cotton Goods.—The exports of cotton goods for
Exports
the
week were 1,476 packages, of which 857 were shipped to
Oats.
Com.
Peas.
Flour.
Wheat.
Bye.
from—
98 582,541
Great Britain, 350 to U. S. of Colombia, 213 to Brazil, 205 to
Bbls.
Bush.
Bush.
Bush.
Bush.
56,839
70,666
550,338
177,481
244,588
269,573
1,343
116,355
105,031
38,593
60,119
43,375
29,575
72,820
155,448
8,039
1,449
112,016
112.28*
155,365
972,750
605,073
244,638
344,690
74,163
154.977
732.233 1.443.234
1.643
65,376
31.631
New York
Boston...
Portland.
Montreal.
Philadel..
Baltim’re
M.Orl'ns.
14,147
4.225
Total w'k.
47,376.562
82,421,356
57,170,756
Total grain
”*50
Bush.
45,442
106,792
8’rae time
1883.
..
The destination of these exports is as below. We add the
corresponding period of last year for comparison:
Exports
Week,
to—
1881.
1883.
Week.
1884.
for week
June 14.
June 16.
Bbls
Week.
June 14.
Bbls.
Bush.
On.King.
103,093
98.674
Contin’nt
1.214
15.447
18,300
1,929
60-1,297
363,455
14.426
22.138
998
8.AC. Am
W. Indies
Corn.
Wheat.
Flour.
Brit. Col’s
Oth.o’nt’s
8,405
17,592
8,906
2.8
Total...
155,365
154,977
1883.
Week.
1884.
June 16.
June 14.
Bu*h.
383 347
348.511
345
732.233
972,750
Week,
Bush.
1883.
Week.
June 16
Bush.
209,746
13,374
12.680
2,475
16,078
605,0731,413,234
By adding this week’s movement to our previous totals we
of exports since September 1,
have the following statement
this season and last season:
Exports since
Sept. 1, to—
1882-83.
1883-84.
Sept. 1 to
Sept.1 In
Xept. 1 to
Sept. 1 to
Sept. 1 to
Sept. 1
June 14.
June 10.
June 14.
June 10.
June 14.
June 16.
r
Bush.
Bush.
Bush.
Bush.
22,345.405
7.2*9.545
29 145.211
1.451.043
734.845
32,948.145
25.150.7P3
120.185
08,404
8010
10.114
132.002
35 438
497,310
35,343
350.021
834,072
88.449
17.507
227.406
121,602
189.570
6,085.055
7,388.088
30.424.027
58 537.100
31.091,470
35.772,185
289.381
402.944
S. AC. Am...
563.082
553.709
West Indies.
Brit. Col’nles
079,424
400.241
Oth. oountr’s
...
1882-83
21.007,178
14,092.200
1.223
38,383
Bbls.
5.103.987
343 813
5,705,81 i
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, June 14, 1884, was as
follows:
•
In store at—
New York
Do afloat (est.).
Wheat,
Com,
Oats,
Barley.
Byt,
bush.
1.726.595
bush.
bush.
bush.
bush.
803.725
664,771
152,000
452,600
174.000
1,500
854.681
8,500
93,967
2,647,700
29,500
Albany
Boftalo
Chicago
Milwaukee
6,017,365
1,051,788
unluth
1,451,840
Toledo
Detroit
495,992
213,265
Oswego.
131,711
8t. Louis
Cincinnati
346,059
Boston (7th)
Toronto
Montreal
130.512
65,863
83,591
275,498
64,363
69,449
»
m
Satinets were dull, but Kentucky jeans were in better request,
and there was more inquiry for repellants. Ladies’ cloths,
tricots and Jersey cloths were in light demand, and cloakings
47,329
26,033
64,083
2.450
96.762
Worsted and all-wool dress goods were lightly dealt in, but
prices remain steady. Wool hosiery was more active, and a
slightly improved business was done in shirts and drawers.
Foreign Dry Goods —There was a very limited demand for
foreign fabrics at first hands and the jobbing trade continued
quiet, but a liberal distribution was made by retailers through¬
out the country.
Stocks of seasonable goods are in pretty
good condition as a rule, and prices of staple fabrics are fairly
steady, in spite of the late lull in the demand.
Importation* of Dry Goods.
The
importations of dry goods at this port for the week
ending June 19, 1884, and since January 1, and the same facts
for the corresponding periods of 1883, are as follows:
15,000
267
1,656
25,275
7,233
37,196
OP
43,429
16,124
©
to
CO
69.930
162.641
36,663
228.718
7.500
2,555
10.882
40,335
918,414
400,185
47,225
1,551,680
561,814
458,480
8.450,815
7,953,589
20,618,969 14.923,541
10,230,307 9,385,906
16,441,330 11,783.877
2,060
......
■......
13,397
6.644,299
GOODS
.
.
•
’
330
23.438
32.601
10.260
3,659
5,170
34.591
19,000
40,726
39,400
134,000
3,436.072
3,492,624
4.558.V38
1,978,975
.
1
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dry goods trade was very quiet the past
week, but a fair business for the time of year was done in
some departments.
Package buyers from the South and
Southwest have appeared in the market in considerable force,
but they have thus far restricted their operations to a few de¬
scriptions of goods adapted to the coming season, as flannels,
jeans, hosiery, &c., deferring their general purchases until
later on. Western and near-by jobbers continued to govern
their purchases by actual wants, and the manufacturing trade
bought sparingly. The event of the week was another large
auction sale of over 14,000 pieces clothing woolens, which at¬
7,0261 5,353 1,673
c —M'jCM
C © ©00©
bo
—
314,998
886,246
477,408 1,754,750
144,985
934,497
127,443
181,974
Friday, P. M., June 20,1884.
£T
•x
CC- CO
©MtC©®
M©e-4X
©
TRADE.
1
M—©M©
MXC tO —
XCWW —
at co
a.©
ex
510,706
317,682
I
M
M
H
r
5,353 2,670
to
CD
whole the
trifle more active, some
Southwestern jobbers, but
the announcement that a
were a
26,227
189,831
59.459
On rail.....
On lake
On canal
a
Flannels
24.363
300
149.663
3.066
137.573
As
mostly quiet.
10.00U
503
28.721
334.966
DRY
m
.
7.342
30,300
Baltimore
Down Mississippi.
THE
m
#
353,339
7,100
91,903
15.814.827
16.565,639
m
m
124,269
3.200
150,532
55,300
129,965
Junel4, '84.
June 7,’84.
Junel6, '83.
Junel7.'82.
June 18, ’81.
m
40,486
758,580
38,495
Indianapolis
Kansas City
Tot.
TOt.
Tot.
Tot.
Tot.
fair movement in leading makes on acoount of back orders.
••••••
Peoria
1,097,040
545,871
357,298
8,040
218.017
293,971
7, / 5o
Philadelphia
1.366
»
m
Goods.—The demand for men’s-wear
spasmodic, irregular and light in the aggre¬
gate amount, the recent large auction sales having made
buyers exceedingly cautious. Cassimeres, worsteds and over¬
coatings were severally quiet in first hands, but there was a
was
public sale of 3,000 packages will be made the ^coming week.
1883-84.
Bbls.
Total.
Corn.
1882-83.
4.051.480
Domestic Woolen
woolens
fair sales having been made to
blankets were sluggish, owing to
1883-84.
On. Kingdom
Continent...
“
were
Wheat.
Flour.
Hayti, etc. There was a somewhat more frequent demand for
small parcels of brown, bleached and colored cottons at first
hands, but transactions were light in the aggregate. Cotton
flannels were in rather better request, and a steady trade was
done in wide sheetings, while there was a fair movement in
Victoria and India Jawns. Plain and colored cpttons of the
most desirable makes are nominally steady in price, but stocks
are large, if not redundant, and slight concessions would
probably be granted to buyers of “round lots.” Print cloths
were more active, with considerable transactions on the basis
of 3%c., less % per cent, for 64x64 “ spots,” 3%c. flat for 64x64
futures to September,” and 2%c. for 56x60s. Prints continued
dull, but lawns and wash.fabrics (ginghams, seersuckersf
chan bray 8, &c.), were in steady, if moderate, request.
467,068 1,188.881
110,781
12,484
10,614
3.047
1,079
a
CO to
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748
THE CHRONICLE.
iault j^tatenueut
fVou XXXVIII.
©muractxial Cards.
H’uhltcalimis.
Quarterly report of the Brown, Wood &
Kingman
[MANHATTAN COMPANY on the
morning of Saturday, the 14th day of June, 18W4 :
SELLING AGENTS FOR
Geo. H. Gilbert Mfg. Co.,
RESOURCES.
Loans and discounts, as per schedule... $7,470,040 44
Due from directors of the bank, In¬
cluded in loans & disc’nt8.$143,000 00
Due from trust companies, State and
national banks, as per s> hedule
573,147 26
Banking house and lot, as
per schedule
Other real estate, as
schedule, water works
Building account
$279,750 66
.
25,000 00—
Specie....
U. S.
legal tender notes and circulating
Continental Mills.
NEW YORK
647,584 00
day’s exchanges
E. R.
$15,909,944 45
15 Chauncey Street.
B08TON.
or
Railroad Securities
2,449,739 60
12,049 23
DESCRIPTION; INCOME;
jiljearasfrtps.
PRICES; DIVIDENDS.
o»u
Direct Line
France.
to
CONTENTS.
Street, in the citv of New York, in said county, being
duly sworn, each for himself, saith that the fore¬
going re ort. with the schedule accompanying the
same, is, in all respects, a true statement of the con¬
dition of the said bank before the transaction of
any
business on the 14th day of June, 1884,
to the best
of his knowledge and belief.
J>. C. HAYS, President.
J. T. BALDWIN, Cashier.
Severally subscribed and sworn to by both depo¬
nents the 17th day of June, 1884, before me,
Wm. E. Trotter, Notary Public.
New York County.
GENERAL TRANSATLANTIC CO.
Between NEW
YORK and
HAVRE,
Railroad Securities.—
ln
h
and a
small boat..
NORMANDIE, Frangeul
LABRADOR, Collier
securities
cabin, $60; steer¬
$26—including wine, bedding and utensils. Re¬
turn tickets at
very reduced rates. Checks on Banque
Transatlantic ue, Havre and Paris, In amounts to suit.
Special Train from Havre
to Paris.
The Compagnle Generate Transatlantlque delivers
at its office in New York special train tickets from
Havre to Paris. Baggage checked through to Paris
without examination at Havre, provided passengers
have the same delivered at the Company’s Dock in
New York, Pier 42 North River, foot of Morton St.
at least two hours before the departure
of a steamer
Brinckerhoff, Turner
Co.,
Manufacturers and Dealers in
LOUIS
DE
COTTON SAILDUCK
of
United
Securities—For
Railroad
Carpenter, Frances Power
Uobbe, Professor Goldwin
Smith, The Duke ot Argyll,
U m.
Black,
Miss Thac¬
Bliss, Fabyan & Co.,
and
Stocks
Bonds
(Established 1865.)
COMMISSION
MERCHANTS,
Salle Street,
COMMERCE),
CHICAGO.
THE PURCHASE AND SALE OF
PROVISIONS,
the
Chicago Board of Trade, for cash or future
delivery, a specialty.
8pecial information. Indicating course of markets,
freely furnished upon request.
OFFICE
and
Stocks in Boston—
CARPETS.
[JOSEPH CILLOTTS1
STEEL PENS
Solo By ALL DEALERSThrouchoutTwe WORLD
COLO MEDAL PARIS EXPOS IT!0N~1878L,
July in 1884.
Canal Bonds and Stocks in
July in 1884.
and
For the year 1883,
Stocks in Baltimore—
and to July in 1884.
Range of Prices by Years.—
Yearly Range of Active Stocks—Date of
highest and lowest prices made in the years
«linnt, Jean Ingclow, Tims.
1882 and
1883, and to July in 1884.
Dividends.—
Dividends
on Railroad Stocks
sold at the
Exchanges in New York, Boston, Philadel¬
During the forty
phia and Baltimore, paid during each of
Living
tion and success.
A Weekly Magazine,
THREE
AND
of its publication The
with continuous commenda¬
years
age has met
A
it gives
more
t<» its
weekly issue,
the six years, 1878 to
than
prior to July in 1884.
min a satisfactory com*
by no other Dublication. the
est Kssays. Reviews. Criticisms. Serial and 8hort
Stories.Sketches ot Travel and Discovery. Poetry,
'•cientiflc. Biographical, Historical and Political intormation.from the entire body of Foreign Periodi¬
cal Literature.
It is therefore invaluable to every American
reader, as the only satisfactorily fresh and COM¬
PLETE compilation of an indispensable current
literature,—indispensable because it embraces the
productions of
fiailroad Earnings.—
Gross
ABLEST
and
Net Earnings
so
far
as
auu
leteness attempted
THE
18e3, inclusive, and
QUARTER THOUSAND
doable-column octavo pages of reading matter year¬
ly. it presents in an inexpensive form, considering
its great ticwt. of matter, with fresnness, owin.
LIVING
in 1834, in
reported
comparison with corresponding
periods of 1883.
Price in Red Leather Covers,
To Subscribers of the
$1 00
Chronicle,
75
* •
WRITERS
In all branches of Literature. Science, Politics and
Art.
“It furnishes
HOUSEKEEPERS AND OCOUPANT8 *F OF¬
FICES take notice.
Before buying your carpets,
Linoleum, Oilcloths, or Mattings, call at BENDALL’8
Misfit Carpet Store, 114 Fulton St., basement floor.
Cheapest place in New York.
York—
Littell’s Living Agf..
SHEETINGS,
PRINT8, DENIM3, TICKS, DUCKS, Ao.
Everingham & Co.,
and
Railroad Bonds
MacDonald, tlrs. Oli-
nrdy, Francis Galton,W.
W. Story. Matthew A mold,
Rusuin.Tennyson, Browning, and many others,
are represented in the pages of
Philadelphia,
Drills, Sheetings, dkc., for Export Traile.
in New
1883, and to July in 1884.
keray, Mrs. Mulock-Craik,
Geo.
SELLING AGENTS FOR LEADING BRANDS
BROWN 6c BLEACHED SHIRTINGS
Towels, Quilts, White Goods 6c Hosier)
Railroad
the year
July in 1884.
For the year
BEBIAN, Agent,
Authors, such us Prof. Max
Muller, Jas. A. Fronde,
Prof. Huxley. Right Hon.
W.E.Gladstone,R. A. Proc¬
tor, Edwurd A. Freeman,
Pro!. Tyndall, Dr. W. B.
always ln stock
No. 109 Duane Street.
States
Philadelphia—For the year 1883, and to
STATES BUNTING CO.
AND
commonly sold in the markets
Railroad Bonds
U THE GREATEST LIVING
▲ full sapply, all Widths and Colors,
on
Railroads whose
York, Boston, Philadelphia and
1883 and to
publications.
Also, Agents
GRAIN
the annual oharges
all
For the year 1883, and to
CANVA8, FELTING
DUCK,
CAR
COVERING, BAGGING, RAVENS DUCK,SAIL
TWINES, AC., “ONTARIO” SEAMLESS
BAGS, "AWNING 8TRIPK8.
OF
New
are
Bones,
Highest and Lowest Prices, Monthly.—
No. H Rowling Green
COTTON
125 La
(ADJOINING CHAMBER
as
and
Income for four
Baltimore.
And all kinds of
L.
of the
income, of
against
Stocks
of the
Statement
years past, as well
Wed., June 25. 7 A. M.
Wed.. July 2. Noon.
Wed..July 9, 6 A. M.
ST. GERMAIN. Bonneau
Price of Passage—(including wine): To HavreFirst cabin, $100 and $80; second
©orararrcial Cards.
Description
A
From Pier (new) 42 North River foot of Morton St.
Travelers by this line avoid both transit by English
Railway and the discomforts of crossing the Channel
age,
AND
1864.
JULY,
Hosiery and Yarn Mil*"
10,828,56
New York, Boston,
15.]
HAND-BOOK
Co., Atlantic Cotton Mills,
Peabody Mills, Chicopee Mfg. Co.,
llerton New Mills,
White Mfg. Co.,
Saratoga Victory Mfg. Co.,
$15 909 944 45
State of New York, County of New
York, ’as.
D. C.
HAYS, President, and .1. T. BALDWIN.
Cashier of the MANHATTAN
COMPANY, a bank
located and doing business at No. 45 William
UNITER
JULY
Ocean Mills
as follows, viz.—
Deposits subject to ch’ck$5.900,373 16
Certified checks
4,303,404 37—10,263,777 53
&
ABOUT
AGENTS FOR
$45,057 48
41,651 03
1,036,841 02—1,123,549 53
Unpaid dividends
Street,
NEW YORK.
$2,050,000 00
Due trust companies, >tate and nation¬
al banks, as per schedule
Due Treasurer of the State of New York
Amount due not included under either
of the above heads, viz.—
MUJDGE, SAWYER 6c CO.,
43 A 45 Whit*
LIABILITIES.
Undivided profits, viz.—
Street, and
37 Thomas
58 && 60
| 35
Worth Street.
SUCCESSORS TO
83,404 72
Capital stock, paid in in cash
[READY
Joy, Lincoln & Motley,
5,150,189 96
Lobs and expense, viz.—
Current expenses
Discount
Interest
Other profits
Due depositors
George Whitney,
BOSTON, 31 Bedford Street.
304,750 66
303,049,42
1,371,777 99
notes of national banks
Cash Items, viz.: Bills and checks for
the next
Freeman Mfg. Co.,
Lincoln Mills.
per
..
Arlington Mills,
Renfrew Mfg. Co., James Phillips, Jr.
Fitchburg Worsted Co.,
complete compilation of an in¬
dispensable literature.'—Chicago Evening Journal.
Remarkably cheap for the qualitv and amount
of reading furnished.”—Montreal Gazette
It is bv odds the best periodical in the world.”—
Morning Star, Wilmington, N. C,
We know of no equal 10 The Living Age for
variety of information, depth of interest, and purity
of tone. Its p iges are sufficient to keep anv reader
abreast with the best printed thoughts of the best
WILLIAM
B. DANA 6c
CO.,
a
“
79
&
81
WILLIAM
NEW YORK
8TREET,
“
FOR
SALE.
“
of our contemporary writers. If. is the great ec»ec£
tic ot the world
Episcopal Register, Philadelphia.
Published weekly at $8 00 a year, free of postage,
or.
For $10 50 The Living Agk and any one of
the American $4 Monthlies (or Harper's Weekly
or Kat‘<r\ will be sent for a year,
postpaid; or for
$« 5u The Living Agk ana the Su Awholas, or
»
i/»p nevit’*
Monthly.
Address,
LITTKLL
6c
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SINCB
Any office possessing these volumes since 1870 has
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the more reoent volume* can obtain from the pub
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1870.
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