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HUNT’S
MERCHANTS’
&
MAGAZINE,
IMwjspapcf,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE
UNITED
STATES.
|Entered, according to act of Congress, In the year 1881, by Wm. B. Dana & Co., In the office of the Librarian of Congress, Washington, D. 0.1
VOL. 32.
SATURDAY, JUNE 25, 1881.
CONTENTS.
THE
The Financial Situation
CHRONICLE.
669
Prospects of the Wheat Crop.. 670
Lawful Money, as Between the
Banks and the Government. 671
Acreage,
Condition, 1881
Cotton
Stand
rv
Monetar;
and
Commercial
EnglisJm News
676
Commercial and Miscellaneous
News
678
672
THE
BANKERS’
Bonds
GAZETTE.
Returns
679
Range in Prices at the N. Y.
Stock Exchange
680
the confirmation of the report,
683
Investments, and State, City
and Corporation Finances... 684
(which by the
the increased
capital would immediately be paid.
by reason of the report that the com¬
had secured the Cairo & Vincennes line, and for the
on
The Wabashes
Quotations of Stocks and Bonds 681
Railroad Earnings and Bank
adH!
on
835.
way has been for a long time current), that the decision of
the Court would be in favor of the company, and the
advance was sustained by the announcement that the divi¬
dends
and
Money Market, Foreign Ex¬
change, U.S. Securities, Stata^
and
Railroad
8tocks
advanced
NO
pany
same reason
rose
Illinois Central declined.
Central advanced
in
Houston & Texas
the retirement
THE COMaWERCIAL TIMES.
part of the debt and of the iumored absorp¬
Commercial Epitome
6S8 [ Breadstufts
694 tion
of the
line
by Mr. Gould.
Union Pacific
Cotton
688 J Dry Goods
695
moved
steadily upward
in
the
expectation that
stockholders would have the option of subscribing for
the new stock to be issued for the purpose of
building the
The Commercial and Financial Chronicle is issued every Satur¬
Oregon extension. And the stock of the Peoria Decatur &
day morning, with the latest news up to midnight of Friday.
[Entered at tlie Post Office at New York, N. Y., as second-class Evansville advanced in consequence of large purchases
of
consequence
of
5^ he Clxnnxiclc.
mail
matter.]
TERMS OF SUBSCRIPTiON-PAYABLE
said
IN ADVANCE:
For One Year (including postage)
For 8ix Mouths
do
Annual subscription in London (including postage)
Six mos.
de
do
do
6 10.
<£2 7s.
1
8s.
Subscriptions will be continued until ordered stopped by a written
order, or at the publiealion office. The Publishers cannot be responsible
for Remittances unless made by Drafts or Post-Office Money Orders.
Advertisements.
Transient advertisements are published at 25 cents per line for each
Insertion, but when definite orders are given for five, or more, insertions,
a liberal discount is made.
Special Notices in Banking and Financial
column 60 cents per line, each insertion.
London and Liverpool Offices.
The office of the Chronicle in London is at No. 74 Old Broad Street,
and in Liverpool, at No. 5 Brown’s Buildings, where subscriptions and
advertisements will be taken at the regular rates, and single copies of
the paper supplied at Is. each.
WILLIAM B. DANA,
-JOHN ©. FLOYD, JR.
\
J
WILLIAM B. DANA ic 00., Publisher*,
have
rights for
been
made because
of
the
offer
of
the
stock. The Hannibals rose on the announce¬
$3,000,000 of the new issue of bonds had
been taken at from 111 to 113A, thus assuring the re¬
funding of the debt and making it probable that the
ment
$10 20.
,
to
new
that
remainder of the issue of
bonds would be sold at
a
pre¬
mium
equally large.
Generally speaking, then, the market has been strong
and has resisted all efforts on the part of speculators per¬
manently to depress it. * In the meantime the short interest
is being increased and the leading stocks are in a position
to be rapidly advanced whenever the favorable
opportunity
offers.
79 & 81 William Street, NEW YORK.
Post Office Box 4592.
The bank return last
Saturday showed a loss in reserve
only be explained upon the assumption that the
The feeling in Wall Street has apparently been one of. drafts we mentioned, made in favor of Boston, arising out
patient waiting the past week. ■ It is generally claimed of the Philadelphia Wilmington & Baltimore negotiation,
and widely believed that certain individuals are trying to were counted as so much cash withdrawn or transferred.
increase their line of stocks, and after that is done, differ¬ The system of averages practiced by the Clearing-House
ences between the trunk lines are to be
settled, the market doubtless had much to do with the statement of last week.
is to advance decidedly, and every one but the “ shorts
Money on call has been in good supply during the week,
”
are to be made
happy. This we only give as current although at times the rate has been bid up at the Stock
rumor.
But we showed pretty clearly last week that a Exchange for speculative effect.
It is estimated that
dispute just now with regard to rates for grain from the including the Treasury disbursements for bonds and
West, is a mere quibble about nothing, since so small a pro¬ interest, and the July payments by railroad and other
portion of the freight of the roads in question is grain, corporations, about 60 millions of money will be liberated
even
taking the figures for the whole year ; while if the on or about the 1st proximo, the greater portion of which
comparison be confined to the business during the present is expected to be re-invested in the stock market.
canal season, the
The Treasury operations of the week, exclusive of the
proportion could not be otherwise than
trivial. In fact, it seems pretty evident that it can make transfer of $3,000,000 gold on Monday from the Philadel¬
very little difference in New York Central’s earnings, at phia Mint, have resulted in a loss, which is a gain to the
least for July
and August, whether it receives 30 cents banks, of $646,313. The payments by the Assay Office for
cr 17 cents for its
domestic and foreign bullion have amounted to $117,75-'*
carryings of grain.
In the
meantime, as the general market will not go up, and the following shows the daily receipts by the Treasury
specialties have been the feature. The Telegraph stocks from the Custom House.
^J
,
which
THE FINANCIAL SITUATION
can
.
_
«
w
670
THE CHRONICLE.
Consisting of—
Date.
Duties.
Qold.
June 17—
44
TJ. 9.
Silver
Silver
Notes.
Dollars.
Cei'tificales.
>£313,250 15
$137,COO
$8,000
IS....
325,644 86
7,000
471,091
520,796
379,524
468,997
115,000
160,000
189,000
156,000
239,000
41
20....
“
21....
44
22
...
25
25
12
$168,000
Business actually dc ne, for the reason that sales at the
board must be made by eighths.
Dealers make the quo¬
tations at the various calls and then trade in their offices
by sixteenths
or even a
smaller fraction.
204,000
$1,000
23,000
27,000
12,000
11,000
[Voi.. XXXII.
297,000
315,000
212,000
219,000
1,000
PROSPECTS
OF 7HE WHEA'l
CROP
This
subject, always one of deep interest at this season
has been made especially so the past three
Total... $2,479,203 79
$996,000 $78,000 $3,000 $1,415,000
The following shows the net Sub-Treasury movement weeks, through the efforts that have been made to affect
values on the Stock Exchange by the publication of
for the week ended June 23, and also the receipts and ship¬
adverse accounts from various sections of the
country.
ments of gold and currency reported by the principal banks.
We have been at great pains to obtain from various sec¬
44
23.
..
16
1,000
of the year,
.
Into Banks.
Treasury operations, net
$646,313
Interior movement
Total
Out of
Net
Banks
$
1,006,000
$646,313
1.122,900
$1,769,213
$1,006,000
$763,213
116,900
More in detail the
receipts at and shipments from New
the
York'by
principal banks are as follows.
Receipts at and Shipments from N. Y.
Received.
Currency
Qold
•
Total.
The
Bank
Shipped
$1,109,200
13,700
$526,000
480,000
$1,122,900
$1,000,000
of
England return for the week shows an
£513,000 bullion, but the sum of £193,000
was withdrawn on balance on
Thursday. The Bank of
France reports a gain of 15,100,000 francs gold and
3,050,000 francs silver for the week. The following table
shows the amount of bullion in each of the principal Euro¬
pean banks this week and at the corresponding date in 1880.
increase of
June 23, 1881.
Bank of
England
June
24,1880.
Cold.
Silver.
0 old.
Silver.
£
£
£
£
.
27,035,435
29,381,943
2^,965,232 50,110,030 32.399,319 49,535,034
9.523,770 20,295.270
9.919,000 19,896,000
Bank of France
Bank of Germany
Total tlii s week
62,424,437 70,405,300 71,729,262 69,431,034
61,228,062 70,045,175 70.123,340 63,500.338
TLe above gold aud silver division of the stock of coin of the
BanU; of Germany is merely popular estimate, as the Hank itself
gives
no information on that point.
Total previous week
The
foreign exchange market has been dull and with¬
out feature this
week.
The movement of United States
bonds from
Europe has been so light as to make no im¬
pression upon the demand, and the supply of sterling
drawn against securities bought here for
European
account has been comparatively insignificant. The
margin
of profit for cable transactions will be seen by the follow¬
ing, showing relative prices in London and New York at
the opening each day.
c
..
June. 20.
June 21.
June 22.
Lond'n N.Y.
Lond'n N.Y.
June C3.
June 24.
tions full and correct information of the
progress,
condi¬
tion, and probable extent of the crop now about to be har¬
vested.
It is, of course, impossible for us to make room
Rusia*
for the
we can
mass
present conclusions, in which,
Lond'n
N.Y.
Lond'n
N.Y.
prices.* prices. prices.* prices. prices.* prices. prices.* prices. prices.* prices.
U.S.4s,c.
117*00
U.8.5e,c. 103-as
116
116 51
U6-63
117%
103%
45k
103 24
116T3
46"3S
117%
103**
4ek
102-75
13952
103k
131!/*
140-74
147 30
147%
146-82
147
30 10r
81%
29-24
103 k
103-3+
46-v
45*73
10313
103V*
102-65
103
103 24
103^
103-48
Ill. Cent. 14035
138 05
133
139 52
139
N
145-70
145
HC-34
146M
28-731
*58
£d
con.
Y. C.. 14607 146
2821 + 57*
Reacting
28 21'
57k
110 63
ink
103,4
46%
103%
14(>k
465*
Brie
117k
103%
103-24
4699
47
10311
4050
60
ExoVge,
cables.
4-K6^
4*86%
4-87
4-87
4-87
•
Expressed in their New York equivalent.
+ Rea liny on basis of $50, par value.
Note.—The New York equivalent is based upon tlio
highest rate for
•able transfers, which ordinarily covers
nearly all chargee, such as
interest, insurance and commissions.
The Government bond market is
steady to strong, with
good demand over the counters of dealers. The $3,000,000 paid by the Hannibal & St
Joseph Railroad Company
on Tuesday to the State of
Missouri, being the amount of
"bonds issued by the State in aid of the road, has been in¬
vested during the week in United States 4 per cent bonds
a
and in extended 6s.
The transactions at the Stock Ex-
iumge in Government
bonds by no means represent the
we
gathered,., but
think, full reliance
be placed.
First, as regards winter wheat—to which the more
active inquiry has been directed in speculative circles—
there is no doubt that there will be a deficiency in the yield
in the section of country east of the Mississippi
River. As
compared with last season, the yield may be diminished
one-fourth to one-third, but as compared with the
average
of seasons the deficiency will be much smaller.
It will he
remembered that the crops of 1879 and 1880 were
exceptionally large. But last autumn the sowing saason
was much too dry in Western New York,
Ohio, Indiana,
Michigan, Illinois and Kentucky; consequently much of
the seed sown failed to germinate, and the rest did not
attain sufficient growth to fully protect the plant from the
rigors of the prolonged and severe winter which followed.
Then, again, in the spring the weather was also much too
dry, down to the last week in May. After that came the
violent storms about which so much has been said, hut
they did little injury. Since the first of June, however,
needed rains have fallen, the crop has come forward in
the most gratifying manner, and farmers who were in
despair at the middle of May are now looking forward
to satisfactory results.
The fields are somewhat thin in
spots, but the heads are large and well filled, and the
prospects as regards quality are excellent. With reference
to quality, the weather for harvesting and gathering
will
have an important influence.
The crop in the State#
named will be a little later than last year, when it will
be remembered we were able to ship much new wheat
during the last half of July.
West of the Mississippi River, though rains are said to
have delayed harvest in Kansas, the reports
regarding
may
winter wheat
Lond'n N.Y.
of details which have been
section; and
are
as
not
so
unfavorable
as
from the Eastern
it is apparent that there has been
a
great
increase of
acreage from the sowing of new lands, this
will contribute to a considerable extent towards
making'
good the deficiency from imperfect growth.
As regards spring wheat, the circumstance should be
recalled that the crop this year is to be compared with a
partial failure of the yield in 1880. The harvest of this
variety of wheat is still some weeks off—very little appeal¬
ing in market till the latter part of August. So far as
can now be seen,
however, there is a prospect of a yield
exceeding last year’s. The reports from California indicate
a
failing off in the crop, but as it is stated that there is a
large portion of the old crop left over, no serious deficiency
in the amount marketed from that section is anticipated.
Accounts from Europe are somewhat conflicting, but on
the whole point to a yield exceeding last year. The prospects
in
which were very good, have recently been
impaired by excessive rains, and there has been some bad
THE CHRONICLE,
1881.J
Juke 25,
weather in France;
but neither instance is of sufficient :ing to withdraw
modify the estimate of eome increase in the
yield of Europe over last season.
importance to
of the United States, east of the Rocky
Mountains, was in 1880 estimated at 17,000,000 bushels in
excess of the crop of 1879.
The exports from the Atlantic
The wheat crop
ports from September 1 to June 12 were in both seasons
about the same—114,000,000 bushels in 1880-81, against
114,000,000 in 1879-80. The visible supply as last made
up was 13,802,000 bushels, against 16,441,000 bushels one
year ago. It follows that if there was an increase in the
yield so great as was estimated, there has been a notable
increase of home consumption or of stocks in the hands of
farmers. Probably consumption has increased, and farmers
also have larger stocks in reserve.
Beerbohm estimates that the United Kingdom will
require nearly two million bushels a week from us through¬
out the summer months till the first of September, or about
the same as last year.
The demands of other markets upon
U3 amount to about a million bushels a week—making three
million bushels in all. This is a large quantity; and if the
crop of winter wheat east of the Mississippi be ten days
late and somewhat deficient in quantity, the competition
of
^buyers
may
year, when it
cular of C. A.
to
immediate
force
up
prices at the opening of the
is desirable to avoid such action.
crop
The cir¬
King & Co., of Toledo says, with reference
supplies, that “receipts at the primary receiv¬
are now a trifle larger than last year, but the
will probably not be oppressive, and the pros¬
ing points
movement
jupon the deposit of
money,” take up the deposited bonds ; “ and
the outstanding notes of said association, to an amount
“equal to the legal-tender notes deposited,” shall be
redeemed and-destroyed. There is an apparent incon¬
sistency, or, rather, an apparent distinction made, in these
tuo expressions found in the same section, and Mr. Gilfil¬
lan seems to rely upon the latter clause quoted above when
he speaks of a deposit of United States notes “ as
required by said section.” Mr. Knox meets this by say¬
ing that the two clauses are entirely distinct in their pur¬
pose, the first conferring on the banks the right to withdraw
notes and surrender bonds, and the other one
instructing
the Treasurer as to redemption and destruction of the
“
notes
so
withdrawn.
LAWFUL MONEY, AS BETWEEN THE BANICS
AND THE GOVERNMENT.
-
Some weeks ago, Treasurer Gilfillan notified the Comp¬
troller that hereafter no more withdrawals of bonds under
Section 4 of the Act of June 20, 1874, would be permitted,
“
unless there has
*
States
“
vent the surrender of bonds which have become redeern-
“
able,
“
notes
as
previously been a deposit of United
required by said section ; this will pre-
the understanding that the proceeds thereof,
portion of them, shall be deposited under said
upon
section.”
•
.
Mr.
Knox, in a letter to Secretary Windom, made
public this week (which letter we had intended to publish
in full
to-day, but are prevented from doing so by our
crowded
columns), reviews this position of the Treasurer,
and examines at
that this
length the law as applicable to it. He finds
ruling reverses the previous practice of the
Treasurer’s office, and that in effect it is a refusal to re¬
ceive, in redemption of notes secured by bonds with¬
drawn, the lawful money paid out by the Government
in
redemption of those bonds.
June
nowhere in
law any
the several kinds of “ lawful
the
“
The distinction which the Treasurer seeks to make is
nice than wise.
It is self-evident that any contract
grain” is fulfilled when corn or any other kind
grain is tendered, also that the greater includes the
less.
It is needless to argue that coin to which unlimited
legal-tender quality attaches is lawful money, and it cer¬
tainly seems foolish to try to put a higher value upon the
paper promise to furnish coin than upon the coin itself
thus promised.
The groundlessness of such a claim seems
greater when we remember that when the act in question
of
—as
is
also the
case
with
the
Revised Statutes and
all the currency acts—was passed the
use was the paper promises, and that
only lawful money in
the highest class (the
coin) was not only not reached but the time when it would be
reached was utterly uncertain.
A construction which now
seeks to erect an incidental, or accidental, mention of
legal-tender notes,” as something to be received—and
even does not
say, or intimate, that -those alone shall be
receivable—into a legal requirement that the legal-tender
coin shall not be acceptable in satisfaction of obligations
from the banks, while, at the same time, the Government
is paying out this very coin to the banks in redemption of
their deposited and called bonds, certainly seems to be
dictated by a literalness which regards the words more
than the meaning, or by a disposition to hinder the banks
from cariy ing out the operations which give rise to the casei,
This view, which is taken by Mr. Knox, has been con¬
firmed by the Attorney-General, to whom the question
was submitted.
He holds that the payment supplants the
promise to pay; that the coin is and was as much lawful
money as the paper substitute for it; hence that the banks
comply with all demands of law when they tender any
kind of lawful money in redemption of their bonds.
Upon
the other question raised by the Treasurer’s refusal to
receive any kind of lawful money for the redemption fund,
and his insisting that legal-tender notes be furnished, the
Attorney-General has also decided that the Treasurer it
wrong. Of the correctness of the Comptroller’s position
on this question, thus sustained, there can be ne doubt.
“
past year.
or some
is
money.” Sections 5,222 to 5,226 Revised Statutes
provide for the obligation of banks to redeem their
notes
on
demand
and
for
their voluntary liquida¬
tion.
For the latter purpose, they are required to
deposit lawful money ; whenever a bank fails to
redeem
its notes in lawful money, the Comptroller
shall proceed in the manner well known; “lawful money”
is the expression all through; section 3 of the act of June
20, 1874, requires the deposit of a redemption fund in
lawful money,” and sections 6, 7 and 8—providing for a
withdrawal and redistribution of currency, and repealed
by the Resumption act—employ the same expression.
to deliver “
patient; but
Great Britain, with favorable crop prospects in Europe,
will probably supply only her current requirements.”
We conclude, therefore, that the United Kingdom and'
the Continent will have rather more home-grown wheat
than last year ; that the yield in the United States east
of the Mississippi and on the Pacific coast, will be consid¬
erably deficient, but that the yield west of the Mississippi
will be larger to a moderate extent; that the wants of
foreign countries will still be large, and that we shall have
a
very liberal surplus to send them.
There need, con¬
sequently, be no apprehension of very high or very low
prices; the probability being that the trade will proceed
on the safe and
equable course which it has enjoyed the
There
distinction made between
for their
are
“ may,
“
more
surplus of old wheat if they
notes
lawful
pects are that our country may secure near present prices
“
671
20, 1874,
provides
Section 4 of the Act
that
any
bank d©3ir-
In the matter of value between the paper
and the cohv
672
of
THE CHRONICLE*
the banks could
[Voh. XXXII.
harm
We assume, therefore, as clearly evident, that last
by such dis¬
year’s
but in point of convenience they may be percentages of increase were an under-estimate, it
being
troubled, and are. Until the decision just stated, country obvious that, with the weather conditions such as the
banks could and did send the Treasurer drafts on their record shows them to have been
during the two years
correspondents at the monetary centres, and these drafts, (especially after the first of September), 9^ per cent
collected by the Assistant Treasurer here, through the addition in 1880 to the area planted could not have
pro¬
clearing-house, carried the amounts to the credit of the duced 14 per cent increased yield. This under-estimate
remitting banks in the redemption fund, without trouble. it is essential, first of all, to correct, since we cannot
A decision which abrogated this convenient practice, and otherwise secure a basis for the deductions of the
pres¬
compelled the banks to literally gather up and deliver ent season. Consequently, we have carefully gone over
legal-tender notes—particularly in view of the fact that those figures, with the light of our reports received at
these notes are becoming harder to obtain, while the that time and with the
help of the facts developed
amount of bank notes is on the increase—must needs
since, and have fixed upon, as near as can be, the true
work much annoyance.
Considering that the cause of the increase in 1880.
Our readers are aware that in 1875-76 we
annoyance is at best no more than an undue regard for
procured,
punctilio in construction of law—even supposing that the through our own agents and others, very full returns
construction were itself capable of being sustained as a with
regard to cotton production, and as a result added to
literal matter—it is best to have the annoyance removed. our tables over three million to the then current
estimates
The surrender of called bonds, as referred to in the of
acreage.
The present census seems to establish with
Treasurer’s decision, upon the understanding that part or sufficient clearness that our enumeration at that time
must
all of the proceeds be retained as deposited, under the act have been in its total
quite accurate, though the division
of 1874 for withdrawal of the bonds, &c., is only another between the .States was in some instances, and for
convenient and simple method of carrying out the
process obvious reasons, not correctly made.
Since that date
authorized for the banks, and any attempt to lessen this
(1875) we have each succeeding year (in the same way as
convenience could only be a practical hindrance of the last
year), been diverging from the truth, because every
option granted expressly to the banks.
subsequent spring, as our readers know, our acreage
report has adopted a percentage of increase below what
COTTON ACREAGE, STAND AND CONDITION\
we
believed our returns warranted.
The difficulties of
course
receive
no
tinctions ;
1881.
such work and the impolicy of over-estimating expecta¬
unusually full and, beyond a doubt, very carefully tions were our reasons for
pursuing that course. As a
prepared census returns for the cotton crop of 1879-80,
result, it is very natural that the census should now show
marks a new departure for cotton crop statistics.
Through that our estimates have not
quite kept pace with the actual
the kindness of Mr. "Walker, the Superintendent, of the
Census, and of Mr. C. W. Seaton, the Acting Superintend¬ growth in planting. Hence, in revising our figures we
have started with our totals for 1875, and have gone over
ent, we have received the detailed report by counties, and
each subsequent year’s reports anew, and present the
intended to publish it in full this week; but we are com¬
pelled to defer this detailed statement until next month. following as closely approximating the truth for the years
since 1875, but not claiming for the statement any greater
We, however, use the present census totals for each State
throughout this report. It is to be remembered that they accuracy. The returns given for 1879-80 are of course
the present census returns.
are not the final totals,
although, as will be seen, they are
COTTON ACREAGE FOR TOE TEARS NAMED—(OOOs Omitted'.
much more complete than the figures issued in
February;
The
•but Mr. Seaton states that still further small amounts will
have to be added.
We have taken the
pains to secure these official returns
at the present time, not only or chiefly because
they are
interesting in themselves, but because they have made it
Xjfcceseary, as well as possible, to revise past acreage and
production figures. This is especially important, for only
through such a revision can we secure a basis for future
estimates or approximate data for comparison.
Hence, we
have prepared the following as preliminary to the usual
investigations for this season.
CENSUS
REPORT
AND
REVISION
OF
FOBMEE
FIGURES.
Our acreage report of last year showed very
previous
took occasion to remark that the
percentage, although larger than reported by other authori¬
ties, was believed to be in the case of each State an under¬
estimate.
The yield for the season proves the correctness
of that statement, and also, we think, shows how impos¬
sible it is to fix upon exact figures of increase or decrease.
The tendency, whether towards a larger or smaller
planting,
we can report
correctly, and we can measure the force of
the tendency to some extent; but the country is too
large,
And the knowledge even of the
planters themselves too in¬
definite, for any one to claim greater precision for such
Annual
year, we
investigations.
996
893
799
701
649
680
South Carolina
1,548
2,869
1,364
2,616
1,236
2,315
1,124
1,050
2,095
1,100
2,050
265
246
232
220
220
225
Alabama
2,656
2,329
2.059
Mississippi
2,824
2,093
2,192
2,004
1,965
1,952
1,854
1,850
1,800
904
862
798
760
720
800
2,396
1,176
2,168
1,041
1,922
1,686
1,533
1,460
947
902
950
990
Tennessee
889
722
671
639
680
720
All others..,.
100
94
86
80
75
70
16,123
14,428
13,202
12,231
11,641
11.745
6,550
5,757
5,073
4,811
4,485
4,669
Georgia
'
Florida
Louisiana
Texas
Arkansas
Total acreage
Total production
Increase in acreage..
....
production
a
general tendency prevailing throughout the South to de¬
cidedly increase cotton planting. While giving at that
time the result of our figures at 9£
per cent m excess
of the
North Carolina
Inci/se in
clearly
1880-81 1879-80 1878-79 1877-78 1876-77 1875-76
Sta>es.
k
12 p. c.
.
9 p. c.
8 p. c.
13 8 p.c 13*4 p.c 5-4 p.c.
'
1,958
5 p. c. *1 p. 073- p.c. *3 9 p.c.
■■••••
Decrease.
Another essential fact to be revised is the production of
each State.
This the official census returns have fixed for
the years of 1869 and 1879. Of course, for
seasons there can be no data of that
kind,
the intervening
but the arrivals
at the ports and commercial centres of each State, and the
railroad movements, give us, with the
help of the census
at those two decennial periods
the material for a fair opinion
the
subject, though it is evidently impossible, except
through a census, to allot to each State in all cases its true
quota. On this subject, however, we have—after much
examination and labor—prepared the following, which we
think our readers will find sufficiently accurate to be very
useful.
The statement is of course in bales, three ciphers
being in each case emitted
on
June 25,
PRODUCTION of EACH
o
187-9. 187-8. 1876- . 1875-6. 1874-5. 1873-4.
«p
C5
iX)
State*.
STATE FOR YEARS NAMED
r—<
145
520
600
595
453
COO
4 74
53
60
45
«,
60
40
015
000
575
550
,45.>
,015
430
700
780
505
630
000
495
050
505
385
445
340
420
410
340
505
351
680
505
550
495
280
475
351
490
505
390
410
433
280
474
218
235
205
200
280
200
210
300
182
60
50
70
20
30
20
10
20
3
4,Sli
4,-£'$3
4,009
3,833
4,170
3,930
2,074
385
350
365
Sli
730
680
090
559
Florida..
53
00
50
55
50
Al’bama
700
595
000
555
950
805
775
507
400
420;
Texas...
HOI
704
010
690
Ark’ns’s
007
520
590
Tena..
381
290
200
95
so
Total.. *'3,737
5,074
*
tH
225
390
t)tlier»..
$
318
47dt
•
—h
230
528
•
JO
oo
year ago. There was also much complaint of drought in May,
relieved over the most of the State during the last three days
of the month. These conditions have resulted in bringing tne
■
320
273
I/siiina
•
350
290
3Uss
1870-1.
1
275
340
So.
i-
r-4
173
870
I'lpor trill.
d
o
-j
i-
200
340
Oar.
Car..
nJ
i-'
205
81)0
jjo
April, doing however no harm to cotton. Since the date last
mentioned, the temperature has been more favorable than a
(0003.omitted).
1-
2H)00 bales ad led to
•
.
4,352 +3,155
this total to make it equal the comnoreinal
total beinx at present 5.730.0 58 bales. Tue later
will undoubtedly matte up th s difference.
+ 141,000 bales ad le 1 to this total to matte it equal the
census’ total bein:,' only 3,011,990 bales.
census
ACREAGE
ANJ)
STAND
IN
completed
crop,
the
statement
commercial crop, tho
1SS1.
plain
for an intelligent understanding of the cotton conditions
and prospects for the present season. And first, it is
evident, as it was last year, that a disposition still exists to
extend production. This desire is only a manifestation in
the South, of that same spirit which the long and general
prostration of industries, forced our people to show through¬
Tli§ above facts and explanations make the way
well as the South. Necessity made hard
and economical workers of us all, and the spirit has not
out
the North
673
CHRONICLE.
THE
1^81.J
as
Harder work has been done, more fru¬
gality has been practiced and cotton lias been raised
cheaper through a considerable section of the South the
last four or five years than was ever thought possible
spent itself yet.
before.
plant into good and healthy condition, and leaving the fields
clean and well worked, though probably the crop averages a
week to ten days later than a year ago. Acreage.—With very
few exceptions, the general response is that there has been an
increase in the area planted of from 5 to 10 per cent.
It will
be safe to estimate the average for the State at 7 per cent.
Fertilizers.—There has been
manures ;
probably fully 30
a
per
marked advance in the
use
of
cent more than last year.
Georgia .—Condition and Stand.—Like the other Atlantic
started later than a year ago on
account of the lower temperature, but conditions have been
very favorable since.
The dry weather in May was very harm¬
ful to many things, but did no injury to cotton, except to re¬
tard the growth of the later-planted. Now the plant is in
excellent condition ; stands are about as good as can be, and
the fields are clean. Acreage.— There is an extension in the area
Slates, farm work in Georgia
planted in this State of about on the average, say 4 per cent.
Some of the best producing sections report a greater increase,
but
others show
home-made
Fertilizers.—There has for
in this State in the consumption
a greater increase in the use of
scarcely any.
years been a steady growth
of commercial fertilizers, aud
manures.
This inclination has made further prog¬
Probably a fifth more of the land
prepared with fertilizers, which in
estimated to increase the out-turn of the crop on
the present season.
than last year has been
ress
general
are
such land fifty per cent.
Florida.—Condition and Stand.—The crop
is probably ten
days late* but otherwise considered in favorable condition, and
very promising.
Acreage is stated to be increased slightly.
Alvrama.—Condition and Stand.—The early start in this
State was also late for reasons similar to those given above.
But since the middle of April the conditions have been in gen¬
eral extremely favorable, and the sland now is excellent, the
fields better worked and cleaner than for years past at this
time, and the crop is everywhere fully as forward as last season,
and in a large section more so. Acreage has increased from 6
to 2 per cent, and probably averages over 4 per cent' for the
S^ate more than last year.
Fertilizers have also decidedly in¬
creased, and are extending to sections where they have never
Yet, while this is true it is equally evident that in gen¬ been used before.
Mississippi.—Condition and Stand—The weather in this State
eral the disposition to extend the area planted is les3 has in
general been very satisfactory. Some, however, com¬
eager than it has been for the past two years, while the plain %f too much rain aud others of dry weather; but all report
the
looking and doing very well now, with the fields clean,
effort to produce two bolls where one grew before is more the crop
stand good to excellent and the plant well advanced.
pronounced. Laet year high prices developed an excited Acreage.—There is also an increase iu the acreage of this State,
some reporting as high as 10 per cent
and others the same as
movement to expand cultivation ; this year lower prices
last year.
The average for the State is fully 3 per cent.
have made the effort more reasonable, and very naturally Fertilizers.—We find a decided growth in the use of fertilizers.
Hitherto their consumption has not extended in any consider¬
has coupled it with this stronger desire for more thorough,
able extent to this State; but this year they have over a wide
and therefore in the result cheaper, -cultivation.
The con¬ section been dealr. in largely.
Louisiana.—Condition and Stand.—The early spring weather
sumption of home-made and commercial manures has not was very unfavorable for farm work, the temperature being low.
only been decidedly increased in the sections where they Since the middle of May there has been a great improvement
have been applied before, but their use has been extended. as to temperature everywhere, and the plant has made good
progress; now in portions of the State it is very well advanced
On the other point this report covers, that is as to the and earlier than last year. Some sections were complaining in
May of too much rain and grass, but later reports show clean
present condition of the plant, we have been more than fields,
and the crop iu a better condition almost everywhere
usually critical in our examination, and we think our con¬ than in 1880. Acreage.—No one of our correspondents re¬
ports any decrease in amount of land planted in cotton. All
clusions can be fully relied on.
In determining the ques¬ of
them return the same acreage to five per cent increase. We
tion of final yield, we place so much dependence upon the average the State at an increase of two per cent.
Texas.—Condition and Stand.—Almost the whole of this
situation of the plant the last of June, that this portion of
State has complained of excessive rains, especially during the
the inquiry cannot be too carefully pursued.
An even latter half of April and the most of May. What made it worse
growth of strong, stocky, well-rooted plants on July 1 can was the fact that so much laboi^has been diverted to railroad
building, making it very difficu.t to keep down the grass. Prior
scarcely be prevented from producing a fruitful harvest ; to this year laborers received, say 50 to 75 cents per day, but
rain, drought, shedding, lice, and even caterpillars them¬ n)w planters have to pay a dollar and a-quarter to a dollar and
a-half. The heavier rains were in the northern third of the
selves, in subsequent months, seem in that case to be shorn State. Since the latter part of May- no rain has fallen, and
of their power;
But before giving general conclusions the fields have generally been cleaned, though a very small
of the planting has been thrown out and abandoned.
with regard to either acreage or condition, we submit our portion
Now the stands are fair to very good. Acreage.—There has
been a further growth this year iu the planting in this State,
usual details with regard to each State.
but the scarcity and high price of labor have prevented an ex¬
North Carolina.—Condition and Stand—Farm-work did pansion on the same scale late years have witnessed. The in¬
not open quite as
early as last year, the temperature up to May crease, however, allowing for what has been abandoned, is prob¬
,
being lower, aud the other conditions not favoring early work.
on the average say 7 per cent.
Arkansas.—Condition and Stand.—This State has also suf¬
fered from excessive rains and from scarcity and high price of
labor. The conditions of weather and plant have been and
by nearly all
Fields are now
very similar to those recited for Texas.
reported well cleaned, and the stands good. Acreage.—The
.acreage, taking the State throughout, is about the same as in
1880.
The chief reason for no increase is lack of labor, which
in some localities is very short.
These localities are chiefly
along railroad lines, who are paying laborers $1 75 to $2 per
diem, thereby greatly interfering with planting in those sec¬
tions, where the usual increase of acreage takes place.
Tennessee.—Condition and Stand.—With the exception of
limited sections where the complaint in May was too much rain,
the weather in this State has been generally quite favorable,
aud cotton has made good progress and is now in excellent con-
Since then, and down to onr latest dates, the weather has in
general been very satisfactory, and the stand of cotton secured
is pronounced to be
good to superb, and better than last year
correspondents, with the fields well worked,
Acreage.—With one single excep¬
tion all onr correspondents report a decided increase in acreage,
th^percentages reaching from 10 to even 20 per cent over last
year. Ten per cent over last year is therefore a low average
for the State, but we adopt it for safety.
Fertilizers,
both home-made and commercial, show a decided increased
our
clean and free from grass.
use.
South Carolina.—Condition and Stand—Compared with
this his been a backward spring, though not as late
Through March and April the temperature was low,
frost being reported in some sections as late as th© 15th of
last year
as
many.
a
.
ably about
are
671
THE CHRONICLE
ivol xxxir.
dition, with stands better than usual, and better than last year, in
parts of the Atlantic States, and
and the fields clean and well worked. Acreage.—There
has
b^en some increase in the land planted, which is
variously esti¬ Texas, Shreveport and Little Rock.
mated. We give the average for the whole State at 4
per however, as will be seen from the
an
of rain in
excess
It should be stated,
table, that this excess
cent.
of rain
only in May this year, the previous months
indicating much less rain in the Southwest than last year.
State.
We have, however, prepared our usual tables of
This is an important fact in
determining the effect on the
rainfall and thermometer as a confirmation of the results
plant, and accounts for the general favorable reports of
reached.
These tables are prepared from
reports made to present condition received. We shall
publish the figures
ns by the Signal
Service Bureau wherever they have sta¬ for June as soon
as obtained, but the
following brings the
tions in the South, and at the other
points given, the data record down to June 1.
are
kept by our own correspondents, except at Atlanta and
January. February.
March
April. 1
Rome, Georgia, which Mr. Henderson, of the Department
May.
Rainfall.
1881. 1880. 1881. 1880. 1881- 1880. 1881.
1881. 1880.'
of Agriculture of Georgia,
J1880
kindly sends us. It will be Norfolk.—
i
Rainfall, inches
3*55 1*42 2*88 1*09 3*0
noticed that the early spring was colder almost
5*34 400 1*83 1*49
0*54
everywhere
10
Days of rain
11
15
14
0
17
16
0
0
than last year; but that since the first of
Wilmington.—
1 17
May the average Rainfall, inches
5*00 3*55 2*80 2*85 5*14
1*93 3*47 8 52 2*11 1*84
I>ays of rain
17
9
10
of the thermometer has been higher at all
12
11
14
13
10
9
5
points except in Charleston.—
1
Texas and Arkansas.
Rainfall,
Inches
5*98
2*15
1*56 897 4*11 2*01 3*83 3*05
This higher average
0*48 0*90
during recent Days of rain
15
7
10
10
12
11
14
1 10 5 4
weeks accounts for the more rapid
Augusta.—
development of the Rainfall, inches
8*09 4*28 3*98 3*37 7*54 6*43 4*71 5*72
1*35 2*98
Days of rain
11
10
8
10
11
13
15
15
plant, and furnishes the reason why the difference in Atlanta-.—
7
8
Rainfall, inches
8*21 2*62 9*79 3*02 10*55 11*44 3*71 5*75
maturity of the cotton plant, as compared with last year,
1*15 4*26
Days of rain
10
12
7
11
7
14
9
12
The
was
foregoing sufficiently indicates the situation in each
,
is less
now
than it
of thermometer
was
earlier in the
follows.
are as
January.
jTViC7 YiXO0
February.
1881. 1880. 1881.
j
March.
Highest
Average
Wilmington.—
Highest
Lowest
660
28-0
43-1
Average
Charleston.—
Highest
67-0
Lowest
30-0
47-0
Average
66-0
31-0
492
76-0
250
553
77-0
33-0
582
690
130 ;
390
I
|
58-0
18-0
34*5
710
19-0
49-1
71*0
26-0
523
78-0
730
22-0
290
450
48-9
81-0
30-0
533
78-0
300
564
April.
May.
78-0
310
82*0
84*0
50*2
52*1
75*0
33 0
54*6
Augusta.—
81*(]
27*0
48*5
89*0
28*0
52*5
80*0
330
57*8
80*0
40*0
01*2
81*0
320
60*3
84*0
32 0
59*9
89*3
310
(52*2
840
920
490
07*1
27*0
60*0
03*0
540
70*0
90*0
144*0
G3*5
98*0
450
73*4
920
45*0
70*9
39*0
070
91*0
500
73*1
89*0
53*0
73*1
88*0
300
00*1
98*2
58*3
75*1
89*0
500
73*4
87*0
Rainfall, inches
.
Highest
640
26-0
425
Lowest
Average
760
31-0
50'5
74-0
270
50-8
81-0
330
55‘1
77*0
33 0
53* 0
Highest
620
230
396
Lowest
71-0
300
555
68-0
20-0
44 0
700
320
48-5
Lowest
Average
Columbus, Ga.—
78-0
38-0
59-0
73-0
290
650
250
45-0
Lowest
Average
Highest
Average
.
650
25-0
45-0
..
Rome. Ga.—
Highest
60-0
18*0
Average
750
313)
560
74-0
28-0
49'0
71*0
28*0
79*0
84*0
47*0
53-8
80-0
380
577
760
300
50*7
72-0
290
030
75-0
35 0
540
70*0
37*0
54*0
74-0
25 0
51 0
387
71-0
31*0
52‘J
453
72-0
330
53-0
77-0
45-0
62 1
78-0
340
580
710
340
54-8
77-0
48-0
63-6
740
350
63*0
24-0
45 2
75-0
36-0
58-0
72-0
07-0
23’0
820
250
58*1
930
52*0
71*5
86 0
33*0
85*0
64*3
80*0
330
030
08*9
93*5
57*5
74*2
82*0
420
65*0
85 0
490
65 0
88*0
42*0
080
90 0
040
800
43*0
88*0
41*0
77-0
20 0
53-0
74 0
30 *0
540
84*0
Lowest
Average
Lowest
Average
Montgomery.—
Highest
Lowest
Average
58-3
Lowest
Average
..'
720
28-0
47-9
745
39-0
594
537
750
310
504
750
42-0
63-2
71-0
23 0
47-0
71-0
26-0
433
710
30-0
730
20‘0
49’4
09.0
28*0
75*0
48*9
81-0
80*0
390
00 0
80*0
520
730
55*8
820
270
59*3
86*0
330
03*1
91*0
52*0
72*2
80*0
44*0
72*3
80*0
88*0
430
370
07*4
9V0
42*0
71 9
96*0
63*0
75*8
95*0
58 0
73*9
42-0
013
J)10
91 *0
00 0
70*2
08*3
75-0
43H)
0U*7
74*0
40*0
58*8
8S*0
490
84*0
380
50*0i Art-n
090
00*2
71*4
81*0
79-0
33-0
542
70*0
34*0
54*3
85*0
39*0
020
89*0
300
04*4
Lowest
Average
Shreveport.—
Highest
Lowest
Average
Lowest
Average
Highest
Average
Nashville.—
Highest
Lowest
Average
60-0
130
310
Highest
Average
Galveston.—
Highest
Lowest
Average
Indianola.—
Highest
Lowest
Average
Corsicana.—
Highest
Lowest
Average
6
4*57
1*99
8*73
6
0
1*90 10*31
3
7
8*00
5
7*65
4*50
9
4
3*37
7
5
5*86
10
1*95
2*84
5
2*10
6
7*16
5*09
4
8
4*90
7
3*35
2*44
5*55
0
2*92
7*70 10*40
7
3*35
5
9*25
1*12
8
0*17
12
2*89
11
1*69
8
4*57
8
1*05
3*51
7*35
8
3*80
10
2*83
7
0
8*45
5
9*30
12
3 02
7
5
....
11
90 0
53 0
78-0
300
03*4
77-0
43-0
604
77*0
'12*0
59*9
810
42*0
05*7
84*0
380
05*8
84*0
49*0
71*2
89*6
60*0
77*0
880
53*0
700
78-0
330
550
72-0
22 0
47-0
78-0
29-0
532
81*0
35*0
580
84*0
340
590
91*0
32*0
01*4
93 0
40*0
00*1
920
02*0
77*0
910
54 0
72*1
77-0
35-0
59-8
72-0
28*0
50-3
820
31-0
51*5
78*0
300
50*2
850
300
00*5
90*0
310
00*9
89*0
410
0S*5
94 0
62*0
70*8
93*0
52*0
70*2
0*73 2*25
4
4*04
12
1*41
7*07
H
14
1 5
6*4.2
7*62
1*18
5
8*00
12
5*73 10*41
12
12
9*41
14
9*21
11
2*99
12
1*44
5*82
8
16
11*15
13
1*02
5
5*80
12
4*02
12
2*75
11
6*00
3*92
7
0*88
3*20
6*55
10
14
2*24
2*08
3*30
13
11
1*80
7
6*17
10.
6*19
10
2*81
7
8*43
10
8*63
3*21
12
403 0*90
1*75
4*83
9
000
9
7*57
4*00
11
3*53 11*23
9
14
3*37
1*85
10
7*20
Little Rock.—
Rainfall, inches
Days of rain
1*90
4*04
13
5*57
7*75
10
2*06
10
Nashville.—
Rainfall, inches
Days of rain
8*54
20
3 71
11
5*48 12*37
17
18
4*38
16
0*87
12
6*41
13
3*94
0*00
9
12
0
10
307
11
Rainfall, inches
Days of rain
i:
4*52
8
13
2*20
8
10
12
10
13
3*73 1020
11
0
11
1*48
0
0*0-4
17
1*48
2*79
19
8*10
17
9*44
12
3*23
17
8*29
11
2*13
10
4*64
12
4*21
12
3*34
7
5*12 322
12
9
9*09
13
4*39
5*99
8
4*50
4*09
14
17
2*24
8
5 12
18
5*23
ro
3*6?
10
4*13
8
8*m2
17
5 74
17
3*91
2*8'
19
3*82
8
1*47
11
0*54
14
4*70
12
1*71
10
3*50
4*09
8
1*63
16
0*29
11
2*43
14
3*22
0*55
6
13
3*37
3*25
10
2*71
5
403
13
3*73
10
11
9
9
2
14
13
2* 02
10
5*90 14*33
8
14
3*66
11
315
7
75*3
foregoing tables showing the temperature and rain
fall, and the details with regard to the planting
&c. ineach State given
previously, will furnish sufficient facts to
draw
intelligent conclusions
on
They
.
may briefly be stated as follows :
First.—It will be obvious to the reader
210
500
89* 0
440
730
600
120
34-9
720
28-0
53*1
05-0
20-0
419
71-0
11-0
456
76*0
20*0
47*0
730
290
51*7
84*0
200
57*8
87*0
330
03*5
91*5
510
70*7
90*0
400
74*2
650
140
340
73-0
340
51-6
690
22-0
431
740
250
76*0
31*0
50*5
76*0
300
52*5
87 0
27*0
60*0
87*0
390
04*9
92*0
590
74*1
91*0
45*0
75*0
labor to railroad construction.
68-0
28-0
472
75-0
47-0
640
680
320
54‘8
77*0
370
63*7
82 0
470
68*1
81*0
46*0
71*4
89*0
040
77*5
90*0
500
77*7
we
58-2
72*0
40*0
61*2
740
21 0
45-4
800
43-0
65-1
700
320
553
80-0
380
577
70*0
47*0
63*8
80*0
320
62*3
85*0
87*0
400
69*8
40*0
72*7
93*2
04*2
77*7
91*0
58*0
78*0
78-0
8-0
40*2
79-0
80-0
230
495
82-0
290
86*0
34*0
58*3
84*0
23*0
58* <
940
350
08*9
94 0
42*0
09*6
930
01*0
76*3
97*0
54*0
70*0
May
by this
CONCLUSIONS.
85*0
58*0
71*0
want of rain in
the points covered
report.
90O
400
040
a
8*24
9*20
15
80*0
230
020
53-6
2*61
8
0
4
5*45
13
74*0
290
50*0
59* 1
1*68
...
6*11
13
80*0
240
48*0
740
400
4*47
7
.
7*00
9
Rainfall, inches
Days of rain
Galveston.—
Rainfall, inches
Days of rain
Indianola.—
Rainfall, inches
Days of rain
Corsicana.—
4
|
....
9
Memphis.—
Rainfall, inches
Days of rain
3*22
1*65
12
72-0
200
40-0
47‘4
4*35 ' 1*00
5 I
1
3*58
14
71-0
100
390
330
....
84
0
The
94*0
58*5
70*9
750
0*83
12
4
92*0
490
70*7
85*0
42*0
09*2
The rainfall statement shows
90*0
58*0
70*2
90*0
320
05*0
Memphis.—
Lowest
90*0
40*0
07*5
82*0
39*0
04*5
Little Rock.—
Lowest
70*5
73*0
380
57*3
Vicksburg.—
Highest
88*0
77-0
340
50-5
New Orleans.—
Highest
12
11
86*0
580
720
92*0
50*0
73 U
Mobile.—
Highest
11
Cedar Keys.—
Rainfall, inches
Days of rain
Shreveport.—
Rainfall, inches
Days of rain
Columbus, Miss.—
Rainfall, inches
Days of rain
Vicksburg.—
73*7
1
30-0
51-1
10
3*17
Rainfall, inches
Days of rain
89 0
50* 0
34*0
00*0
Cedar Keys.—
Highest
11
4*49
10
89*0
440
71*3
86*0
27 0
030
34*0
000
Jacksonville.—
Highest
0
3*32
New Orleans.—
•
Lowest
6
114
9*12
10
Rainfall, inches
•
Highest
MACON.—
75-0
340
590
14
3*79
Mobile.—
Savannah.—
Highest
2*95
Montgomery.—
Atlanta.—
2'53
3
1*16
0
Rainfall, inches
Days of rain
7
2*59
Days of rain
Rome, Ga —
Rainfall, inches
Days of rain
Jacksonville.—
Rainfall, inches
Days of rain
1.
5
5*77
Columbus, Ga.—
Rainfall, inches
Days of rain
Macon.—
1881. 1880. 1881. 1880. 1881. 1880.
1880.
Norfolk.—
Lowest
Savannah.—
Rainfall, inches
Days of rain
The details
season.
were
correct in
now
that
we
saying that the tendency throughout the
South this year
was, as
but that this
tendency
last year, to increase production ;
has to some extent been held in
check—first by the lower prices, and further
by diversion of
This latter
influence has
operated with special force in Texas and Arkansas.
should add that when
by fixed percentages
an
attempt is made to
Buf*
measure
general disposition among planters
planting, one is liable to under-estimate results.
For this reason, and because we
always seek to keep our
figures below the highest estimates, we are inclined to con¬
a
tp increase
sider the
estimate.
following
as
probably to
some extent an
under¬
Juke 25,
Estimated
Actual
Acreage,
States.
Increase.
1880.
Georgia
Alabama
Mississippi
Louisiana
—
Arkansas
4
1
All others
Total..
16,123,000
-
Decrease.
Acres, 1881.
cent.
cent.
per cent.
per cent.
4 per
1,096,000
*
cent.
3 per
2 per
cent.
cent.
7 per cent.
No change.
1,656,000
2,984,000
268,000
2,762,000
2,394,000
922,000
2,564,000
1,176,000
cent.
cent.
924,000
105,000
4-51 per cent.
16,851,000
4 per
5 per
889,000
100,000
Tennessee
for 1881.
10 per
7 per
996,000
1,548,000
2,869,000
265,000
2,656,000
2,324,000
904,000
2,396,000
1,176,000
North Carolina.
gouth Carolina .
Texas
THE CHRONICLE.
1881.]
some
of the crop
fully
as
it
was a
in
675
is a little late, the promise to-day is
good, and in a considerable district better, than
year ago, unless the rain has done more harm
Texas and Arkansas than at the present moment ap¬
pears
probable.
For the purpose
of enabling the reader the more accur¬
ately and readily to compare weather conditions and re¬
sults with previous seasons, we have prepared the follow¬
ing,
1871.
April was
more favorable than the last half of March, the
of March being cold and rainy.
May very cold and
except in Texas, where there was very little rain.
rainy everywhere, except in a portion of the interior.
This shows an average
South of 4-51 per cent.
increase in acreage for the whole
In the opening of this report we
given the total production of each State since 1870.
With that table and the above acreage table the follow¬
ing becomes of use, indicating as it does the yield per acre
of each State, and enabling one intelligently to esti¬
mate (as the season progresses, and comparison is made
with similar weather and production for other seasons) the
1872.
April
favorable, except the second week, when there
storm, making the rivers overflow. May, first
three weeks too dry, but the last week splendid showers every¬
where. June, fine month for growth and cultivation. The last
week some complaints of too much rain.
a
severe
1873. April cold and dry.
May, first two weeks favorable everywhere,
in coast half of
the Atlantio and
Gulf States; but upper half, and almost all of Arkansas and
Tennessee, favorable.
but last two weeks rainy, more especially
States. June, too rainy in about same half of
1874.
April, like March,
6
os
t>-
OD
States.
CO
t>
!>■
CO
H
192
187
232
230
South Carolina..
161
150
153
Georgia
137
142
143
98
114
Alabama
132
Mississippi
177
136
140
129
139
101
aU of it too cold, especially the first week;
favorable, the temperature gradually
moderating. May continued cold the first two weeks, but sub¬
sequently was warmer and otherwise very favorable. June,
165
165
122
fine growing weather nearly everywhere.
127
140
151
155
191
129
156
167
146
235
245
226
181
205
199
200
204
198
220
231
140
288
227
251
185
194
227
159
179
152
162
100
188
190
171
172
169
173
154
169
177
147
161
140
183
135
120
122
100
110
108
110
119
129
125
146
201c-
176
174
166
Louisiana
259
220
256
Texas
163
175
159
Arkansas
257
242
Tennessee
202
19Q
167
168
Average
Second—As to condition, cultivation and
194
States
were
the
more
the conditions in those
1876.
April, excessive rains in the Westorn and Gulf States early part
of month, causing rivers to overflow; but they quickly receded
in good part; last twenty days generally favorable. May, very
favorable almost everywhere, except heavy local showers at
few points; fields well worked. June, some very heavy
showers, but mainly confined to the counties near the
Atlantio coast and Arkansas; elsewhere favorable.
1C77.
April opened with seasonable weather, but after the first week
heavy rains flooded lowlands, and suspension of planting was
reported in portions of nearly all the States; later conditions
favorable, but temperature low. May, first half too rainy, but
balance of month decidedly more favorable, so that crop
generally was well cleaned. June showery with vety heavy
rains at some places; in most cases quite local, however.
Arkansas overflowed first of month.
1878. April, like March,
was satisfactory for getting in the crop and
securing a good start.
May was also generally extremely
favorable, so that the plant made splendid progress; more rain
than needed and a grassy condition of crop was reported in a
few sections, but the general condition at the close of month
was excellent,
June, too much rain in parts of all the States
but especially in the Southwest; otherwise generally favorable •
1879. March and April
generally favorable for farm work, but
latitudes of other States, down
to almost the second week of May, the temperature was far too
low for vegetation, heavy frosts being reported as late as the
4th and 5th of April. The first half of May was also in some
sections too cold for the best development, but sinoe that date
the weather has been generally favorable everywhere, the
main exception being drought in the lower counties of Texas,
and at some other points, and oold nights in certain sections for
about ten day6 or more in June.
same
sections have been very
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 has been that in a portion of the
Gulf States and Mississippi Valley there was too much rain.
Since the first of June, take the whole cotton section together,
the conditions have been very satisfactory, except that there
is a small section of the Gulf States where the complaint still
1880.
satis¬
factory. Elsewhere the weather—except the drought
during three weeks of May in the Atlantic States,
which
we
about
as
think
was no
favorable
as
material
is, too much rain.
disadvantage—has been
it could be.
(3) The condition of the plant at the present time may
as good as last year in the Atlantic
States; better than last year in the greater portion of
the Gulf States
(excepting Texas); and probably by this
time in satisfactory condition in the States and sections
named above where May
was too rainy. Speaking of the
whole cotton section, we should say that, notwithstanding
The spring opened fully two
1881.
weeks later than last year, temper¬
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 dur¬
ing May, and too much rain daring the same weeks in Texas,
Arkansas, part of Louisiana, and other limited sections, the
weather has been everywhere very favorable.
ature
be said to be at least
were
in the Atlantic States and upper
backward section.
(2) The weather was too wet during much of May in
Texas, Arkansas and parts of Louisiana, and in limited
sections elsewhere ; _but as the previous weeks had been
favorable, the plant had in general secured a good start
before the grass trouble began; and since the last of May
was
otherwise the month
maturity of the
plant, the results reached are as follows :
(1) As to maturity, this crop in its start may be called a
moderately late one, while last year’s crop we designated as
an early one. During, however, the past four or five Weeks,
the range of temperature has been higher than in 1880,
and consequently the growth has in general been more
rapid ; so that, taking the whole South together, it may be!
said that the plant for the two seasons corresponds in ma-1
turity more nearly by several days now than it did earlier.
Speaking, however, more in detail, we should say that the
Atlantic States, Tennessee, Arkansas and Texas, were pos¬
sibly about a week later than a year ago; but that the
larger portion of the Gulf States (except Texas) were
earlier than last year, when, it must be remembered, those
same
1875. April, like March,
171
203
Florida
after June 1.
170
j
188
North Carolina..
South, except Atlantic States. Ju7ie, more favorable, es¬
pecially last half of month; but planting in the flooded district
of the Mississippi Valley and its tributaries not completed till.
Acre.
187-8. 1876- . 1876- . 1874-5. J1873-4. 1872-3. 187-2.
CD
r*
rainy. All rfirers overflowed. Worst
May, a severe drought in almost all the
was very
flood for thirty years.
Pound8 per
,
was very
was
have
possibilities of this year.
whole
rainy,
June very
'
a
With such
may
early conditions, the history of each year
be briefly stated as foltows
:
(176
THE
Stand.
Year.
July to Sept.
Stand excel¬ Favorable
lent,
1870.
Year's Results.
and Favorable weather
and
strong.
[Vol. XXXII.
IXXo Hetartj g (Commercial %\XQlisU JXtxos
Yield, 4,352,000.
complaints Killing frost from! increased -crop
Oct. 20 to Nov. 20.j 371)4 par cent.
few, except Picking closed Dec J Increased
acreage
5 to 25.
t 13*90 per cent.
shedding.
very
clean
Sept, to Dec.
CHRONICLE
Favorable weather Yield, 2,974.000.
Decreased crop
frost Nov.
ly an average, Killing
16 to 18.
31 GO per cent.
but drought Picking clos’d Nov. Uer reas'd acreage
15 to Pee. 10.
10 75 per cent.
very harmful.
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
11.]
EXCHANGE AT LONDON—June
Sickly, w’ak Rainf’l general
and
1871
very)
.
ev-j
j
grassy
-
cry where,
Good, clean Drought a* Favorable.
!Yield, 3,930,500.
and strong some points Killing frost Oct.! Increased crop
and
excessive
14
&
Nov.
to
13
1872 almost ev¬
18.| 3213 percent.
rains at others. Picking doted D<zc.\ Increased acreage
15 to 31.
9-75 per cent.
Shedding, Ac.
erywhere.
Two -thirds
Too much rain Favorable weather Yield, 4,170,000.
on
the coast. Killing frost Oct.
Increased crop
G'09 per cent.
Caterpillars in 28 to Nov. 20.
Ala. and Ga. Picking dosed Dec. Increased acreage
1 to 31.
10-59 per cent.
Shed'g badly.
good ' and
1873
third
o n e-
poor and
grassy.
irregu-lGreat drought'Favorable
Very
weather Yield, 3,833,000.
frost Oct. Decreased crop
im.j in Tennessee, iKilling
p’rfect,but i Arkansas, &c.,| 13 to 31.
clean
lar and
1874
and! with
well
rated.
cuiti-j perature.
1875
l
J
Stand excel¬
lent and
clean ev¬
erywhere
;
bet¬
never
ter.
8 08 percent.
high tern-Picking closed be-
Aug.
to
rains v
excessive
Increased acreage
J *54 per cent.
fore Pee. 10.
Dee. Excessive rain.
Yield, .4,< 09,000.
er y Killing
Increased crap
frost Oct.
3 11KIS.
Short.
3 11103.
Amsterdam
Amsterdam
.
Antwerp....
Hamburg
•*
...
Berlin
Frankfort.'..
4*
Copenhagen.
St.Petero’bg.
a
tt
si
Short.
Pari*
Paris
Vienna
...
3 mos.
it
‘Madrid
it
Cadiz
Genoa
Lisbon
Alexandria..
New York...
a
Bombay
..
..
12-3i2
1211-2
a
12‘4
it
25*50 -5) 25 -55
2003
-5 20-07
20 03
@20-67
20 03 * @20 07
18-42
@18-40
24 is® 23 7s
25-20
5 25-50
25-4212 5) 25-50
11"82 l2@ll"85
days
.
.
Short.
12-08
....
11
11
11
11
Short.
.
•
20-48
20-48
20-48
it
....
June 11
Short.
25*2412
.....
June 11
June
June
June
June
June
June
s.7»i6«l.
13.7^16(1.
r
25-2713
“
44
....
1
....
.
June 11
Julie
June
June
June
....
..
Rate.
5)12-212
....
00
Time.
Short.
47^8 @47 3a
47t>s@47i8
25-6712 5 25-7712 June 11 3
5 2 3s @5214
• 4
Calcutta
Hong Kong..
..
Rate.
at
12 to Dec. 18.
points. Picking closed Dec.
Shedd’g badly. 15 to 31.
*.•••
Shanghai....
8
11
11
11
11
11
117-70
....
mos.
.
3 mos.
Short.
4 mos.
44
it
ii
21-81 per cent.
[From
our own
Increased acreage
973=i
4
Is.
Is.
3s.
5s.
"831-3
7\tl.
734<l.
870(1.
134d.
correspondent.J
London, Saturday, June 11, 18S1.
r>"95 per cent.’
Stand good Caterpillars in Favorable.
Yield, 4,485,000.
and clean; Alabama, Mis¬ Killing frost Oct. 1
not
quite sissippi
a n d to 8, except in At¬
Decreased crop
as perfect,
Tex. Drought lantic States.
3*94 per cent.
though, as in Nor t hern Picking closed Dec.
2535
•
many
.
LONDON.
Latest
Date.
.
,
1876.
Time.
On-
EXCHANGE ON
There has been rather
week, and there is
more
now no
in the rate of discount.
doing in the
The Bank rate
money
market this
further reduction
remains at 2/2 per cent>
expectation of
any
but in the open
market comparatively few bills are now taken
There has not, however, been any material
in
the
improvement
mercantile demand, though an increase in
Stand good, Weather favor- Oct., Nov. and Dec. Yield, 1,811,205.
aide and slim¬ unusually severe
the
tout unusu¬
supply of commercial paper is apparent. Money is more
mer
growth rains in Western Increased
wanted in connection with the new loans and companies which
crop
ally late ; fairly satisfac¬ and Southwestern
1877 fields clean tory; crop Sep¬ States.
7-27 per cent.
have, of late, been so freely introduced to public notice, and
tember
1
iu Killing frost Nov.
and well good condition 12.
which are now appearing more freely than ever.
The present
Increased acreage
but late.
Picking closed Dec.
cultivated.
week
lias
been
one
of
5 per cent.
25.
great activity in this respect, and
the public seem inclined to risk their money, as the shares
Standexed- Too much rain Pick’g season good, Yield, 5,073,531.
l’nt inmost in June,
are mostly of the small denomination of £1, and there is no
espec-j Yellow fever in
States and ially
the! Mississippi Valley Increased
in
crop
prospective liability. There is, however, some anxie-y with
very early, Mis’sippi Val- delayed
market1878. but grassy ley, but subse-j ing.
5-45 per cent.
regard to the issue of the present company mania, and judic¬
in sect ions, quent weather Killing frost Oct.
ious
generally
to
Nov.
12.
very
31
speculators are operating with greater caution, in the
especially
Increased acreage
lower Mis- favorable.
'Picking closed Dec.
that some difficulties will sooner or later arise., At
belief
i 1 to 15.
s’sippi Val.
8 per cent.
present there is no reason for believing in a collapse, but that
Stand good Season fairly fa-; Pick’g and matur’g Yield, 5,757,000.
to very g’d.
there will be ultimate trouble no one doubts. How long a
vorable.
lit seasnneverbett’r.
From 7 to T e x a s
b a d! Top crop abundant
crisis will be delayed, is a question impossible to answer, as it
14 d’yslate drought,
con-, and matured al¬
in Atlantic ibied in chief; most everywhere,
depends upon the capacity of the public for meeting their
Increased crop
St ates, p’rt severity to ceu-Killing frost in a
1879. of Ala. and tral belt of. limited sect’ll Oct. 13*4 per cent.
engagements. The prospectuses issued by the promoters of
a It ss part
couuties
and 20 to 24.
Killing
public
companies are so plausible, and promise such astounding
of
Miss. region west of; frost more general
I about Nov. 20.
Elsewhere, Brazos.
results, that it would seem as if sensible people would be
! Picking closed Dec.
as forward
Increased acreage
inclined to pause, and ask why if such results are practicable,
as previous
9-0 per cent.
year.
j 15 to 24.
the vendors should be so generous as to allow the properties to
Very good Complaints of Picking season ex- Yield, 6,550,000, pass into other hands.
The facts are that directors and pro¬
and
early too much rain tremely rainy and
estimated.
moters
almost ev¬ in
Southwest cold, never worse,
promise a return of 25 per cent interest on invested
erywhere ; more cspec’ly Killing frost gencapital
and yet are so unselfish as to be willing, and even
too much in July.
Also eral from Nov. 5 Increased crop
1880. rain in a caterpillars in to Nov. 27.
to saddle the public with so satisfactory an investment
anxious,
13-8 per cent.
small sec¬ 'J exas, Louisi- Picking closed genThe
disease, we suppose, must and will run its course, but the
tion of Gulf ana, Mississip- e rally subsequent
States.
pi <fc Alabama, to Jan. 1.
Increased acreage
unreasoning
public will not become any wiser from experience.
without much
The
i damage.
Bank,
of England return shows a moderate increase
12-0
i
per cent.
under the head of “ other securities,” which is regarded as due
to a demand in connection with recent loans, and for Stock
POSSIBILITIES OF THE CROP.
The note circulation has
"With the acreage increased say probably over five Exchange purposes generally.
increased, and there is a small reduction in the supply of bul¬
per cent, with consumption of fertilizers increased in the At lion, the result
being that there is a falling off in the total
lantic States fully twenty per cent and extended decidedly reserve of £155,151. The liabilities of the Bank
have, however,
in parts of Alabama and Mississippi, with the condi¬ declined considerably, ‘‘public deposits” being less by £1,197,079. The proportion of reserve to liabilities has, in conse¬
tion of the stands favorable beyond any doubt
every¬
quence, improved from 45’66 to 46‘36 per cent. The following
where, except possibly in parts of Texas, Arkansas, &c.,
are the present quotations for
money:
and probably favorable even there too, the reader has the
Per cent.
in year pre¬
vious.
Texas.
10 to 25.
Decreas'd acreage
1-10
percent.
at
1%
per
cent.
Open market rates—
material for
Bank rate
what is the
Open-market rates—
30 and GO days* bills
judging, as well as w© can judge for him,
promise to-day for the crop of 1881-82.
2*2
134
3 months’ bills
Per cent.
4 months’ bank bills
l78'S>2
6 months’ bank bills
2 /®218
4 & 6 months’ trade bills. 2*3®3
l34@l7e
The rates of interest allowed
Atlantic & Pacific.—The track of the Atlantic & Pacific RR.
is laid 160 miles west of Albuquerque, which
brings it within 10
miles of Fort Wingate. The line has been
surveyed from Bill
Williams’ mountains to Brigham City, and grading is
completed
to the latter point. The company’has 800 car-loads of rails at
Bacon Springs ready to move to the front at
any moment, and
the construction trains are hauling ties to the front as
Bank of
Arizona Daily Star.
with the three previous years.;
by the joint-stock banks and
discount hou-ses for deposits are as follows
:
Per
Joint-stock banks
Discount houses at call
do
with 7
Annexed is
cent.
1 *2
1**
or
14 days’notice of withdrawal
-
showing the present position of the
England,
the Bank rate of discount, the price of con¬
as possible.
Mr.' Coddington expressed himself chat the road sols, the
average quotation for English wheat, the price of
can be completed to
Brigham City within sixty days. A scarcity
of labor has caused two or three of the contractors to
middling
upland cotton, of No. 40 mule twist, fair second
go to
California aiid Utah for the purpose of
bringing in laborers.— quality, and the Bankers’ Clearing House return, compared
rapidly
a
statement
June
I860.
1881.
in
19.427,991
16,613,783
*.-**
27,491,120
7,184,754
21.126,279
16,207,691
14,678,635
19,200,556
19,620,047
18,754,247
11,246,297
33,522,427
3 p. c.
98 Lj
45s. 7tL
British West India Islands &
Guiana
1
British Possessions in South
Africa
British India—
23,737,417
2 p. c.
2Lj p. c.
96^xd
41s. 7(1.
7(1.
lOd.
49s. Od.
81,489,000
79,978,000
6%(1.
lOd.
bullion market there has been no especial feature.
gold no operations
3,438,000
2,362,300
1,842,100
1,807,300
Bombay
22,422,900
2.366.900
76,915,100
7.832.900
1,717,600
9.192.900
21,654,200
34,548,600
4,727,700
72,181,500
7,999,500
1,464,600
8,481,400
22,059,100
42,836,000
Madras
220,023,400
217,007,200
266,043,200
82,644,200
101,914,000
111,856,900
1,063,800
1,265,700
1,457,100
303,731,400
320 180,900
379,357,200
Ceylon
.
Australia
Other countries
Total unbleached or bleached
Total printed,dyed,or colored
Total mixed materials, cotton
predominating
of importance have laken place, though
Grand total
Other manufactures of cotton show as
been a small inquiry for Spain. The demand for
1879.
silver has fallen off and the quotations are somewhat in favor Lace and
patent net
117,900
£
of buyers. The following prices of bullion are from Messrs. Hosiery of all sorts
£
78,083
Thread for sewing
lbs.
1,040,207'
Pixley & Abell’s circular :
Other manufactures, uneuuthere has
GOLD.
d.
9.
per oz. standard. 77
gold, fine
gold, containing 20 dwts. silver, per oz. standard. 77
Spanish doubloons
per oz. 74
South American doubloons
per oz. 73
United States gold coin
per oz., none here
German gold coin
per oz
Bar
Bar
per oz.
per oz.
5 grs.gold
standard.
per oz.
per oz
Chilian dollars
Quicksilver, £6 5s. Od.
®
7b
79
per oz
....
^
Bank
rate.
■market.
Pr. ct.
rate.
Pr. ct.
6
4
Pr. cl.
Paris
3Lj
33s
3
3 Lj
4
4
St. Petersburg...
Geneva
3
4
Madrid, Cadiz &
..
Amsterdam
...
Brussels
Genoa...
Berlin
..
....
3%
Copenhagen
Hamburg
278
35»
Frankfort
4
Yienaa
The
5
5
4
They show the following
£27,667,653
144,872,943
16,520,490
74.242,953
1880.
£30,453,114
173,323,060
17,277,876
89,170,352
1881.
£32,821,942
168,285,874
19,087,648
90,503,478
following figures relate to the five months ended 31st
May:
IMPORTS.
1879.
Cotton
1880.
1881.
7,019,444
7,997,321
EXPORTS.
1879.
cwt.
Cotton
708,408
Cotton yarn
lbs. 94,963,800
Cotton piece goods
yards.1,450,922,509
Iron and steel
tons.
1,019,000
Linen yarn
lbs.
7,639,200
Linen piece goods
73,434,400
yards.
Jute manufactures
61,076,500
yards.
Silk manufactures
£
717,491
British wool
lbs.
2,985,600
Colonial and foreign wool.lbs.
96,827,300
Woolen yarn
lbs.
12,029,500
Woolen cloths
yards.
16,298,400
Worsted stuffs
78,828,700
yards.
Blankets & blanketing..yds.
2,147,100
Flannels
yards.
Carpets
yards.
The following were the
1,958,700
2,404,800
1880.
788,441
77,532,500
1881.
101,984,700
1,729,799,000 1,972,085,100
1,733,130
1,365,944
6,125,000
82,365,700
72,452,500
774,876
12,061,900
107,221,237
7,388,500
74.899.600
78,984,000
940,715
5,403,000
92,629,765
9,827,600
12.634.300
17,374,000
90.698.300
2,599,900
1,961,400
3,434,800
18.970.600
80,243,300
2,243,900
2.482,100
3,269.200
quantities of cotton manufactured
piece goods exported in May, compared with the corres¬
ponding period in the two preceding years :
Exported to—
Germany
"
Holland
Frauce
’
Portugal, Azores
’
& Madeira.
1879.
Yards.
5.805.400
4.985.400
4.916.600
4.655.900
1880.
Yards.
3,084,100
3,095,600
4,057,200
8,262,600
3.920.600
1881.
Yards.
2,783,300
3,926,400
3.822.800
5,701,600
7,013,900
555,900
2.514.800
24,811,700
Italy;
4.979.300
Greece
1.486.500
244,700
2.612.400
1.140.700
1,935,500
19,709,000
12,466,800
2,045,900
5,768,000
5,270,000
2,019,200
5,203,000
13,458,100
3.757.600
16,992,900
1.142.600
3.455.500
3,074,800
958,600
37,870,200
5.505.300
8,007,000
2,838,800
1,159,200
2.794.600
1,646,700
4,957,000
10,091,200
0,347,800
Austrian Territories
Turkey...
Egypt
‘
IV eat Coast of Africa
United States
Foreign West Indies
™IL'.
Mexico
United States of Colombia
(New Granada)
Brazil
Uruguay
:
Argentine Republic
Peru....7.7.
China and Hong Kong
Japan
Java
Philippine
Islands
Gibraltar
Malta
;;
British North America
18,868,800
8,011,300
1.649.600
2.288.700
7,384,100
1.893.900
643,300
189,200
29,808,400
2,867,000
6,919,400
5,571,000
2.906.200
2,506,300
1.882.200
66,205
73,047
1,207,465
1,448,710
75,007
81,751
77,419
4,191,025
4,708,915
5,267,069
£
£
The movements in bullion
Imports in
Imports in
Export s in
Exports in
during the month and five months
1879.
1880.
£
£
787,246
7,329,823
1,296,189
3,956,242
May
5 months
May
5 months....
Imports in May
Imports in 5 mouths
Exports iu May
Exports iu 5 months....
1,050,800
5,302.449
933,115
5,229,228
TOTAL GOLD
Imports
Imports
Exports
Exports
,
in
in
in
iu
Tenders
Mav-.
5 months....
1881.
£.
584,918
2,176,918
*
556,750
4,711,294
439,530
409,247
2,944,951
6,013,610
610,890
2,682,470
915,411
506,771
3,135,222
866,337
3,606,731
May
2,229,304
5 months
9,185,470
were
7,579,100
3.280.200
Si,423,000
10,126,900
2.356.500
5.627.200
16,882,800
9.120.500
2.314.500
45,*79,000
3,424. »0
10,201,100
4,87b,600
1.291.800
1,98 i,100
2.153.500
3,618,254
AND SILVER.
1,847.046
12,632,272
1,195,817
4,859,388
1,354,941
6,563,205
1,063,521
7,846,516
1,275,584
9,620,341
received at the Bank of New South Wales on
Wednesday for $2,050,000 New South Wales Government 4 per
cents, the total amount tendered for being £4,086,300. Tender*
at £103 8s. received within a fraction of the amount applied
for and those above that
1879.
.<
Pr. ct.
5
4
May and for the five months
have been issued.
Imports in May
Imports in 5 months
Exports iu May*
Exports in 5 months
Open
market,
-k
3 *3 9 4
Calcutta
The Board of Trade returns for
ended May 31
results:
4
4
Barcelona
Lisbon & Oporto.
1881
180,486
SILVER.
exchange are somewhat easier, and on
Wednesday India Council bills were sold at Is. 7%d. the rupee.
The following are the current rates of discount at the princi¬
pal foreign centres:
Open
1880.
125,646
manu¬
rf.
The rates for Indian
Bank
follows:
GOLD.
79
Discount, 3 per cent.
merated
Total value of cotton
factures
9,797,600
80,031,100
11,412,200
1,577,200
9,008,100
27,799,600
have been:
51*2 ®
517s
55910'S
standard.
f.
Mexican dollars
9
(f.
SILVER.
Bar silver, fine
Bar silver,contain’g
Cake silver
d‘
9.
9 &
10V&
0 ^ 75 0
1881.
Yards.
Yards.
3,760,600
Bengal..
In
1880.
^
5,268,600
Straits Settlements.
97*sxd
,
wheat, av. price.
O^hd.
6:b «d.
Mid. Upland cotton...
9 VI.
11VI
No. 40 Mule twist...
Clear’g-house return. 13,262,000 94,653,000
En«r.
In the
28,902,380
7,700,652
27,866,794
Yards,
Exported to—
•
46-36
2 *2 p. c.
100 *8X0
43s. 10(1.
Bank rate
A
25,034.378
15,786,248
25,902,159 28,089,033
..
proportion of assets
to liabilities
Consols
8,869,072
677
1879.
1878.
£
£
26,475.250
26,899,170
7,449,160
24,152,991
14,907,151
19,786,366
14,752,989
deposits
Other deposits....... .
Governm’t securities.
Other securities ......
Res've of notes & coin.
Public
1879.
£
£
Circulation, excluding
bank post bills
Coin and bullion
both departments
CHRONICLE.
rHE
25, 1881.]
price in full.
Exchange business has been conducted with
much caution during the week, and at one period a dull tone
prevailed. American railroad bonds were depressed, but the
markets have since become firmer and leave off with a tolerably
steady appearance. The future being involved in some uncer¬
tainty, speculators are showing considerable caution.
The country markets being very moderatelyjif not scantily
supplied with home-grown produce, more firmness has been
apparent in the wheat trade, and efforts have been made to
obtain high prices.
Only a partial success has, however,
attended the movement, but the trade seems to be in a more
healthy condition. A moderate quantity of rain has fallen
during tlie week, but the temperature has declined considerably.
To-day the weather is warmer, with indications of a ^jpHal fall
of rain.
The crop prospects have decidedly improved, but we
are still at a critical period of the season.
A new loan for £4,840,000 in 5 per cent bonds, at the price of
74 per £100 bond, will be issued next week by Messrs. Hambro
& Son.
The Argentine loan for £2,450,000 has been very
largely applied for, the larger subscribers obtaining only about
3 per cent of the amount they requested.
An issue of £2,500,000 new ordinary stock is announced by the directors of the
Grand Trunk Railway Company of Canada. The price of issue
is £26 per £100 stock. The objects of this issue are set down as
follows : For doubling important sections of the railway, for con¬
structing additional sidings and lengthening other sidings;
for additional engines, freight cars, passenger carriages and
other vehicles, to meet the increasing traffic exchanged with
the Chicago & Grand Trunk Railway and other allied railways;
and for additional terminal facilities, grain elevators, and other
appliances.
During the week ended June 4, the sales of home-grown
wheat in the 150 principal markets of England and Wales
amounted to 26,137 quarters, against 27,856 quarters last year
and 49,747 quarters in 1879 ; and it is computed that in the
whole kingdom they were 104,600 quarters, against 111,500
quarters in 1880 and 119,000 quarters iu 1879. Since harvest
the sales in the 150 principal markets .have amounted to
1,445,681 quarters, agaiust 1,209,792 quarters in 1879-80 and
2,185,212 quarters in 1878-9 ; the estimate for the whole kingdom
being 5,782,750 quarters, against 4,839,200 quarters and 8,740,850
quarters in the two previous seasons respectively. Without
reckoning the supplies of produce furnished ex-granary at the
©n the
Stock
678
THE CHRONICLE.
commencement of the season, it is estimated that the
following
EXPORTS AND IMPORTS OK SPECIE AT NEW YORK.
upon the
flour The
gnantities
of wheat
have visible
been placed
ritish markets
since and
harvest.
supply of wheat
in the United States is also
1880-1.
gi
Imports of wheat.cwt.43,743,925
Imports of flour
10,080,878
Bales of home-grown
1879-80.
45,754.883
1878-9.
1377-3.
36,997,700
7,998,169
0,871,503
43,514,212
6,758,142
20,969,750
37,513.700
22,315,000
81,412,903
79,617,681
74,722,S02
Deduct
exports
wheat and flour
of
1,079,121
Av’ge price of English
wheat for season (qr.)
Visible supply of wheat
1,151,741
1,4 8 9,7 22
1,460,136
73,568,053
79,920,131
78,157,548
46s. 8d.
40a. 6d.
51'. 2(1.
43s. Od.
20,100,000
15,601,433
6,315,973
The
following return shows the extent of the imports and
exports of cereal produce into, and the exports from, the United
Kingdom during the first forty-one weeks of the season, com¬
pared with the corresponding period in the three previous
seasons:
[Vol. XXXII.
Exports.
Gold.
Week.
Great Britain
France
Imports.
Since Jan. 3
!
Week.
Since Jan. 1
$
$4,260
$20,020,221
2
Germany
2,000
YVest Indies
1i
2,000
Mexico
;
Smith America
Alt other countries
,240
900
152.976
639,641
4,727,751
260,776
157,752
15,609
233,405
34,117
Total 1881
Total 1880
Total 1879
2,304
14,750
2,073,474
1,926,619
Silver.
Great Britain
$120,000
$4,872,675
100,791-
$195,353
$27,809 $28,140,397
35,576
1.785,014
20,804
671,322
«•
$
$120,719
26,050
117,757
Germany
YVest Indies
Mexico
South America
All other countries
285
10,201
51,582
33,010
21,337
19,480
4,411
60,389
415,855
828,092
90,491
9,345
IMPORTS.
1880-81.
Wheat
Barley
Oats
Peas
Beans
Indian
Flour
corn
1879-80.
45,754.883
11,555,422
.cwt.43,743,925
9,693,068
7,391,833
1,792,983
1,881,773
26,418.SOO
1,6 49,348
2.113,821
21,785,855
10,080,878
7,998,169
10,812,026
1878-79.
1877-78.
30,997,700
8,916,158
8.575,725
1,321,163
1,191,914
26.075,163
6,871,503
43,544,242
11,013,262
9,024,742
1.361,425
'
2.542,328
25,776,355
6,758,442
Total 1881
Total 1880
Total 1879
.cwt.
972,258
46,043
Barley
Oats
Peas
Beans
Indian
Flour
1,019,368
27,223
81.519
87,817
42,742
570.264
69,005
36,738
English
Market
1,396,707
99.031
83,172
46,935
3
3 8,159
385,352
134,776
5,793
11,926
380,973
109,057
Iteporia—Per
Cable.
204,800
corn
1,377,444
Sliver, per oz
Consols for money
Tues.
5U8
5m
100’$,«
5I316
100316
d.
Consols for account
10038
Fr’ch rentes (in Paris) fr. 86-52ig
U. 8. 5s of 1881
100
U. 8. 412s of 1891
118
U. S. 4s of 1907
1. 121
Erie, common stock
48is
Illinois Central
144ia
Pennsylvania
67
Philadelphia & Reading.
New York Central
2915
1503k
Liverpool.
Sat.
e
ft.
10038
8650
106
63,429
Mon.
s.
Flour (ex. State.. 100 lb. 12 3
12
9 6
Wheat, No. 1, wh.
9
<«
9 4
Spring, No. 2...
9
H
Winter, West.,n.
9 6
9
a
Cal. white
9 3
9
t i
Com, mix.,YV.new
4 IPa 5
bbl 72 0
Pork, YVest. mess.
72
Bacon, long clear cwt.. 43 0
43
Beef, pr. mess, new,$tc. 90 0 90
Bard, prime West. $ cwt. 54 9
54
Cheese. Am. choice, new 54 0
54
d.
3
6
5114
LOG
10534
11934
L173*
tl&34
U/34
L17:4
47i‘j
119314
483s
UOLj
4714
1424*
14234
14313
144
12
9
9
9
9
5
72
43
90
54
54
67
6712
293a
31
150
Tues.
s.
4
6
3
0
0
0
0
9
0
5114
10018
Frl.
106
67
29
150
151
Thurs.
5114
10018
lO03j(j I003;e
100 H
100i4
ioo5ie 100&1«
86-4712 36-3212 86-20
86-10
106
117 ?4
I173i
119:4
47 7s
144ia
67’u
201s
Wed.
d.
3
6
3
6
3
s.
12
9
9
9
9
212 5
0 • 72
0
43
0
90
9
55
0
54
d.
3
6
3
6
3
2
0
0
0
0
0
475s
30 ®8
15114
Wed.
15012
Thurs.
8.
12
9
9
9
9
5
72
43
90
55
54
d.
3
8
4
6
3
2
0
0
0
0
0
Fri.
8.
12
9
9
9
9
5
72
43
90
55
54
d.
3
8
5
6
3
212
0
0‘
0
0
0
(gammevclal amlllXiscellatreaus Hems.
Imports
Exports
and
for the
Week.—The
imports of last
preceding week, show
week, compared with those of the
a decrease
in both dyy goods and
general merchandise.
The total imports were $7,949,127,
against $9,307,552 the pre¬
ceding week and $4,455,215 two weeks previous. The exports
for the week ended June 21 amounted to
$7,709,039, against
*8 ,048,581 .last week and $6,617,107 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) June 16 and for the week ending (for general
merchandise) June 17; also totals since January 1:
1878.
Dry Goods
$677,736
Gen’l mer’dise..
5,214,392
Total
Since Jan. 1.
$5,892,128
Dry Goods
$37,743,499
Gen’l mcr’dise..
Total
In
101,626,039
1879.
$1,003,783
3,476,160
1880.
Name of
$1,194,663
6,754,461
$7,805,490
$7,949,127
$41,933,090 $62,008,538
$50,695,785
134,666,821
148,317,539
$4,479,948
106,289,549
$139.369,588 $148,222,639 $246,675,359 $199,013,324
report of the dry goods trade will be found the
imports
of dry goods for one week later.
The following is a statement of the
exports (exclusive of
our
specie) from the port of New York to foreign ports for the
week ending Jane 21, and from
January 1 to date;
EXPORTS FROM NEW YORK FOR THE WEEK.
1878.
For the week...
Prev. reported..
$5,851,520
158,438,026
1879.
$6,836,094
1830.
177,958,535
Total s’ce Jan. 1 $164,289,546 $151,980,285
$186,433,539
$185,667,594
$7,709,059
The following table shows the
exports and imports of specie
at the port of New York for the week
ending June 18 and since
January 1, 1881:
were
When
Books Closed.
Payable.
(Bays inclusive.)
*
Chicago Iowa & Neb
$1
July
3
rune 16 to
Chicago R T. <fc Pac. (quar.)
1% ' Aug.
June
3*2
1*3
July
1^2
July
1
July 1 to July 25
Concord & Portsmouth
Del. Lack.
YVest..,.
Denver & Rio Grande
Lake Shore & Mich So. (quar.)
2
1
Michigan Cent, (quar.)
Missouri Pacific (quar.).......
Old Colony
:
St. Louis & San Frau. 1st pref
Hank*.
America
Commerce
$3-
East River
Fourth National
Hanover
'
3*2
5
8
3 Ja
July
July
July
July
July
4
July
313
3*2
July
July
July
July
July
31*2
7
4
4
*.
'
Park
People’s
Phenix
St. Nicholas
Shoe
Leather
Third National
Insurance,
Commercial Fire
Hamilton Fire
Park Fire
22 to
July 7
June 22 to June 30
1 June
3 June
3 Juno
5 June
1 Juno
3 Juno
3
3h)
July
July
5
5
6
July
July
July
3
1 June
3
4
Aug. 1
3 Juue 19 to June 30
3 June 21 to June 30
3 ‘Juue 22 to June 30
3 June 22 to. June 30
3
3
1
2
3
3
3*2
.
1
July
July
July
July
July
July
July
4
4
4
3
Aug. -3
July 1
1
1
1 Juno 23 to July 5
1
1
1 Juno 25 to June 30
July
July
July
July
3^
Oriental
1 June
11
1
July
July
4
3
3
5
4
Exchange
Metropolitan
1 July 1
1 July
1 to
1 June 19 to
1 June 18 to
1 July 21 to
July
4
New York
Ninth National
—The
AUg.
4
Importers’ & Traders’
Irving
Marine
Market
Mechanics’
Merchants’
Merchants’
3kl
4
Butchers’ &, Drovers’
Central
Citizens’
July 26
July 14
to Aug. 3
Aug.
Aug.
July
July
1*2
Bowery
Broadway
2<
20 July 1 to
11 June 26 to
23 to June 30
24 to July 4.
18 to Juno 30
22 to July 6r
22 to July 4
24 to June 30’
June 22 to July 4
June 25 to June 30
t June 23 to June 30
June 24 to July 1
Juue 22 to June 30
20 to
July 1
Toledo Ann Arbor & Grand Trunk
offered by Messrs.
Railway bonds
Anthony, Poor & Oliphant have met with a
quick demand and have been advanced
to 103.
BANKING AND FINANCIAL.
MEMORANDA
CONCERNING
GOVERNMENT
BONDS.
A Valuable Hand-Book for Investors.
Contains not only all
which investors
the information about Government Bonds
the public can desire, but also chapters on the Stook
Exchange, with directions for buying and selling in the New York
or
market all kinds of securities.
Tables
giving the progress of the United States, 1830-80, in popula¬
tion, imports and exports, agriculture, manufactures, railroads, tele¬
graphs, etc., etc., are added; also notes
on
Gold and Silver, giving—
A. The present monetary standard of the Nations of the World.
B. Production of Gold and Silver in the World from 1492 to date.
C. The consumption of Gold and Silver.
now
in the World.
E. The Relative Value of Gold to Silver.
F. Minute of the Standard of the United States.
$9,781,293
176,652,246
145,144,191
Per
cent.
Company.
D. The stook of Silver
1831.
2,730,801
4,672,859
Railroads.
1881.
$1,439,291
6.366,199
533,965
$1,525,176
DIVIDENDS;
FOREIGN IMPORTS AT NEW YORK.
For Week.
282,475
The following dividends have recentlv been announced:
205,240
daily closing quotations for securities, &e„ at London,
provisions at Liverpool, are reported
by cable as follows for the week ending June 24:
Mon.
107,836
Of the above imports for the week in 1881, $22,124
American gold coin and $49,200 American silver coin.
18,898
The
Sat.
$89,003
2,304,436
9,123,044
76,086
and for breadstuffs and
London.
$5,070,503
28,460
,..
EXPORTS.
Wheat
$120,000
O. The Value of
Foreign Coins in United States Money.
Sent Post-paid on Application.
FISK
Sc
HATCH,
"5 Nassau Street, New York*
JurfB 25,
THE CHRONICLE.
1881.1
3£ftje |jankers' ©ascttc.
Dividends
will be found on the preceding page.
YORK, FRIDAY,
NEW
JUNE 24,
18S1-5
P.
M.
The Money Market and
Financial Situation.—The
financial markets this week have shown a general tone of
Strength, notwithstanding the exceptional fluctuation# in some of
stocks. Tiie new enterprises, particularly in railroad
are
building,
multiplying to an extent never known before, and
hardly a day passes that we have not the announcement of the
formation of new companies, or the consolidation of old com¬
panies having previously but a nominal existence.
In each period of great activity in financial enterprises
there is some one idea which seizes the popular fancy and
draws out the popular subscriptions more readily than any
the active
In the
“consolidation” is the word,
and nothing
in the financial world has now such
charms for investors and capitalists as this magic term.
Let the stocks of two non-competing companies each be
gelling at 20, with few buyers; let a consolidation
be proposed, share for share, and immediately the stocks are run
up to 30—40—50—as the case may be. Add one more element
to the transaction—water—in the shape of a stock distribution
of 100 per cent or more, and the original amount of stock, selling
for only 20, is found to be worth par. This illustration may
present an extreme view of the case in the details mentioned,
but the general fact is indisputable that a large number of
stocks on roads that have never paid a dividend, nor have any
prospect of paying one for some years to come, are now selling
at 60 to 100, which last year were considered dear at 20 to 40.
This in itself does not prove that the stocks named may not
be really worth their price of to-day ; it certainly proves nothing
against the standard dividend-paying stocks—New York Cen¬
tral, Pennsylvania .Railroad, Rock Island, etc., etc.—but it'is
highly suggestive to purchasers that amid the great number of
new stocks and bonds finding a place on our Stock
Exchange
lists they should use discrimination—severe discrimination—in
sifting the good from the doubtful, and equal discrimination in
regard to tlie older non-dividend-paying stocks which have ad¬
vanced 50 to 100 per cent. on their former prices within a com¬
paratively short time.
The disbursements from the United States Treasury due
July 1 amount to about $30,000,000, and the disbursements of
dividends and interest by corporations will be large. With this
heavy supply of money coming on the market, it is supposed
that the rates on call will remain very
easy. In the money
market this
other.
present
era
week there have been occasional advances to 5@6
cent, when rates were spasmodically bid up to stock brokers;
but these prices are hardly worthy of notice, and regular quo¬
tations for call money have been 2@3% per cent on the various
classes of collateral. Prime commercial paper is quoted at 3@4
per cent.
The Rank of
England statement on Thursday showed a gain
of £513,000 in specie for the week, and the
percentage of reserve
to liabilities was 48^ per cent, against 47 last week ; the dis¬
count rate remains at 2/^ percent.
The Bank of France show's
kn increase of 15,100,000 francs
gold and 3,050,000 francs
per
silver.
The last statement of the New York City
Clearing-House
banks, issued June 18, showed a decrease in the surplus above
legal reserve of $796,900, the total surplus being $8,008,400,
against $8,805,300 the previous week.
The following table shows the changes from the
previous week
and a comparison with the two
preceding years:
1881.
June 18.
Differ’ nces fr’m
previous
Loans and dis. $346,566,600 Dec.
Specie
Circulation...
Net deposits.
Legal tenders.
Legal reserve.
Reserve held.
week.
1880.
June 19.
1879.
June 21.
$928,300 $286,075,100 $255,901,600
75,611,000 Deo. 1,291,800
19.305.300 luc.
69,200
344,307.600 Dec. 1,335,600
18.474.300 luc.
161,000
64,450.000
19,296.900
19,694.900
278,146,700
22,004,300
20,156,200
226,177,000
43,859,400
$86,076,900
$333,900
$69,536,675
$50,544,250
1,130,800
86,514,300
63,156,300
$796,900
$16,977,625
$6,612,050
Deo.
94,085,300 Dec.
679
$250,000,000. the bonds to be accepted la the order of their receipt at
this departments The limit was reached on the 23d of May, the bond*
presented being somewhat in excess of the amount fixed, while many
persons who had notified iho department on or before that date of their
intention to present their bonds for continuance, and had proceeded In
pood faith to carry out their purpose, were unable for various reasons
to surrender their bonds before the limit was reached.
It is the desire
of the Department to extend to all. so far ns practicable, an equal
oppor¬
tunity to continue their bonds; and to that end notice is hereby given
that United States registered bonds of the 5 per cent funded loan of
1881, respecting which the Department was notified on or before the
23d of May. and which, through no fault or degligeuce of the owners,
failed to reach the Department boforo the limit was reached, will be
accepted for continuance if transmitted to this office on or boforo tho
1st day of July next.
William Windom, Secretary.
The closing ttrices at tlie New York Board have been
Interest June
Periods.
18.
6s, continued at S1^..
5b, 1881
..reg.
5a, 1881
coup.
4*33,1891
reg.
4^8,1891
coup.
4s, 1907
reg.
4s, 1907
coup.
6s, cur’cy, 1895..reg.
6s, cur’cy, 1896..reg.
6s, cur’oy, 1897..reg.
6s, cur'cy, 1898..reg.
J.
1031s
20.
June
June
21
22.
■->
103*4 *103*8 *103
Q.-Mar.
115
11478
Q.-Mar. 11470 115
Q.-Jan. "1163* 1163*
Q.-Jan. 1173* *11770
00 o o oo
Exchange.—There
!§
Dec.
activity this week in the demand
exchange to meet the July remittances, but latterly the
market has been rather dull and about
steady. To-day, on
actual business the rates for
prime
bankers’
60 days bills are
4
for
was some
84^4(8)4 84/£ and demand 4 86@4 86/£.. Cable transfers are
86%(g4 87 and prime commercial bills 4 82%@4 83.
Quotations for foreign exchange are unchanged, the outside
prices being the posted rates for prime bills.
United States Bonds.—The phases of the market have not
been dissimilar to those of last week. The
supply of bonds
4
from abroad has tended to
and possibly holders are
keep prices from further advancing,
feeling that 117 for a 4 per cent bond is
almost
high enough.
regard to the refunding of five per cents the following
circular was issued June 20
by the Treasury Department:
.
-
..
Washington, Juno 20, 1881.
Provisions of circular No. 52, dated May 12, J881, for the conUnited States registered bonds of tly? 5 per cent ftmded
1881, the limit of such bonds to be continued was fixed at
,
wvn ot
June
23.
*103
June
24.
103
J.
*llt78 *1147g *11470 *114^a
*115
‘11470 *11470 115
*H63i U678 1163* 1103*
*1173* 1177* 1173* 1173*
& J. *130
*130
*130
&
&
&
<fe
-131
"132
*131
J. *131
J. *132
J. *133
J. *134
134
*134
*130
*131
*132
*133
*134
*132
*133
*134
*130
*131
*132
*133
*134
*130
*131
*132
*133
*134
This is the price bid at the morning board; no sale was made.
State and Railroad Ronds.—In State bonds the Tennessee^
and Louisianas have been particularly active at the New York
Stock Exchange, and the first named have advanced
sharply.
In railroad bonds there has been a well-distributed business at
the current high prices, but no single issue has monopolized so
great a portion of the transactions as is often the case. Many
bonds pay interest on the first of July, and after that there will
be a new adjustment of prices, according to the ideas of buyers.
The Philadelphia & Reading will
pay on July 11 the unpaid half
of the coupon due July 1, 1880, on the general mortgage bonds,
leaving 6 per cent'then unpaid, which ought to be settled up
speedily. This afternoon $100,000 of the Metropolitan Elevated
Railway first mortgage bonds sold at 103 3£.
Auction sales will be found on page 687.
Railroad and Miscellaneous Stocks.—The stock market has
been somewhat irregular and occasionally feverish in movement,
but, taken altogether, the tone has been stronger than last week.
The same thing has occurred which several times before has
been noticed, namely, that when a considerable decline in prices
was looked for it did not occur, and every downward tarn of the
market recently has soon been followed by a rally, which was
greatly assisted by the covering of shorts. It is a frequent
remark of stock-brokers that the range of prices is too high; but
the same brokers are unable to advise their customers that there
is any safety in selling stocks short; the experience of the past
six months has been such as to make extreme caution on the
short side the rule rather than the exception. And this accounts,
perhaps, for the circumstance that those who have sold snort
so easily frightened into buying on the slightest turn in the
are
market.
The event of the week which has really, as a tangible matter
of fact, ha.d a closer bearing on the market than any other, is the
report to-day of the three Vanderbilt roads—Lake Shore, Michi¬
Central and Canada Southern. These reports were only
issued this afternoon, and they are decidedly unfavorable. The
Lake Shore quarterly dividend of August 1 is made 2 per
cent, Michigan Central 1 per cent, Canada Southern nothing.
The comments in regard to the decrease on the two first-named
roads refer only to the severe winter weather which made the
earnings less and expenses more. The condensed statements
are as follows for the six monthsending Jane 30, June being
partly estimated:
gan
.—L. Shore & Mich. S.—,
1881.
1880.
Gross
$8,070,000
earnings
Oper. expen.
taxes.. 5,480,000
Percentage of earn’gs.
61*09
$9,073,030
5,010.384
55*34
Net earnings
$3,490,000
Interest and rentals... 1,330,000
$4,053,616
1,380,000
Balance
Equals per share..
Balance for 1881,
$2,140,000
$2,673,816
4*33
5*40
appropriated
Quarterly div., May, 1881...
Quarterly div., Aug., 1881...
(2)
(2)
as
/—Michigan Central.—»
1881.'
$1,340,000
3,045,000
70*10
2,921.000
63*2
follows
853,000
840,000
$442,000
$360,000
:
$989,330
989,330
$1,978,660
Sinkingfund, six months....
1880.
$4,621,000
$1,295,000 $1,700,000
i
Surplus
followse
Q.-Feb. *101^4 *101*4 *101*4 *10138 *10138 *10li4
Q.-Feb. *1O370 1033* 1033s *10338 *10350 103 ifl
J.
J.
J.
6s. onr’ov. 1899..ret? J.
*
& J.
June
as
(Hfl)
a )
$281,073
187,382
$168,455
125.000
36,340
Surplus
$2,140,000
The Canada Southern statement for the six months was as
follows:
Gross
lS«i._
earnings
Operating expenses and taxes
Percentage of earnings.
earnings
Net earnings
Less interest
Balance
on
bonds
$1,885,330
1,168,021
$485,143
$717,314
339,464
2^3,899
$146,679
$513,414
$3 42
per share of stock
$0 98
The increase in the amount of interest on bonds for
.Equals
1880.
$1,817,852
1,332.709
71*11
61*95
the six months Is
$134,564, due to tho increase iu the rate from 3 per cent to 5 per cent
per annum.
^
The renewals of track during the past six months—included in operat¬
ing expenses as given above—have been $53,745.
The increase in operating expenses is due mainly to advances in tho
oost of labor an i materials, together with the large outlays for renewal*
above noted.
680
THE CHRONICLE.
3k
[Vol. XXXII.
RANGE IN PRICES AT THE N. Y. STOCK EXCHANGE FOR THE
DAILY
HIGHEST
LOWEST
AND
PRICES.
Jnuo 18.
railroads.
Albf ny A Susquehanna
BOHtou & N. \. Air-Line pref.
Buffalo Pittsburg A Western.
127
Burlington Cedar Rapids A No
*81*
72 78
Canada Southern
Cedar Falls & Minnesota
Central
Central of New Jersey
Central Paciue
I)o
Do
'
pref
Chicago & East«‘»*n Illinois
46 U
46
48*2
61*
48*2
Tuesday,
Wednesday
Thursday,
Juno 21.
June 22.
June 23.
June 24.
63
(Hi
65*2
48=8
48 =,
80=s
7;W
46
34
140
72 7$
33
73-V
40*2
59
4734
72*8
37*2
4734
73 7„
40*
*80*2
73*8
36
122* 124
133^ 133*2
1253a 126*4
*137
44
44 V
106
106 \
98*4
102
30 *2
33*2
33*2
30*4
45*2
33=8
26 34
Danbury & Norwalk
98*2
27*s
122
78 124
110=4 111*2
88
84
*
Dubuque A Sioux City
Joseph
84
Do
11234 113
pref
Houston A Texas Central
95
106
*140
Illinois Central
Indiana Blooin’u A West., new.
53
53*4
International A (it. Northern..
Joliet A Chicago
Keokuk A Des Moines
Do
pref....;
Lake Erie A Western
60*4 64*
Lake Shore
12739128*2
......
Louisiana A Missouri River....
Do
pref
Louisville A Nashville
Louisville New Albany A Chic.
Mauluittan
Manhattan Beach Co
Marietta A Cincinnati, 1st pref.
Do
2d pref.
107*2 10734
122=4 124
125*8 1*25 3e
121*2 124
133*2 134
163
44
44
105 78 10634
42*2 43*2
105 3^ 105 78
04*8 66 34
9734 98*2
63*2
98
72 7t
38
.
37
i'o’i " i ’o'i V
100=8 ioi=*
30=4 30 7t
30=.j
46
33 *
46
33
46
33
140*2 142
163
163
165
165-
142*2 143
26 V
121*2 123
111
70.250
10,550
16
31
63,110
66,290
87
84
24
4334 44
106*4 106 7b
66 *2 68 *4
98*2 98=8
103
105
137 34 13934
53
53 *2
27
54*2
12*2
91*2
92
4,765
1,106
1,825
1,310
86
53
51
52*e
112*2 113
36 34 37 *8
124 *2 124*2
90
145 78
90
65 *4
126:,4
83=4 87
11378 115
100=4 102
138 7a 139
52=4 54*2
..
pref
Panama
Peoria Decatur A Evansville...
Philadelphia A Reading
Pittsburg Ft. Wayne A Cliic....
Rensselaer A Saratoga
Rich. A Allegh., stock trust ctfs.
61
63 3p
37*4
12
91
91*4
109*8 109 78
61*8 61*2
108 78 110*4
60
6034
51
52
110 78 112*8
111
90*2
89*2
36*2
126
90
185
37
90*4
89*2
185
37*2
42*2
43*
3434
63 *a 64=e
128 *2 130 *
*58
60
28
28
48
48
63=4
127 t8 129 *2
41,535
107*2 108
107*2 108
88
109
-
61*2
91*4
90*2
110
26*8
54*8
17*4
26=8
11
91
90
11
48
126
126
....
363s
18*2
*185
*185
38
38
37=4
38*4
63
63*4
*8
86=4
37*2
43=8
62
62
62
63
4234
82*4
4334
84 7S
3634
43*2
84=4
43=4
85=8 .,85 *8
36=8
37*2
43
43=4
43 7b
62
80
80
35*2
46*4
....
4734
45=4
66
65*2
96
96
*83
52*4
63
50=8
51*
111
111=8
38*4 39*2
126
126
86
52*2
*84
52=8
47=4
52 *2
79
79 78
113*4 114
*99
100
87
100
683a
6978
69*2
70*8
35
3534
35*4
35=4
-
12734 12834
54=8 57
9234 94
128=8 129*4
57*4 58
53
45
109
46=4
88
37=»
37 7a
62
44=8
85=4
62 78
45 =8
88*8
33*2
37
42=8
43
78
34
280
55*2 57
60
61 *2
34
35*4
276*2 280
57*8
61=8
73=4
46*4
80
48
74
75
43=4
40=.
*84
94
94 7S
52=4
53
52*2
79*4
115
53*4
79 78
115
86
52*4
53
79
79
ii5*4
*-
86*2
87*8
99 7a
*99
70=8
69
69 ye
35=4 35=4
128*2 130*4
35
35*2
*99*4
69*2
57
94
57=8
94*2
100
129
130=8
56=8 57*4
92=4 94*4
50*4
52*4
109*2 Jan. 24
68 *4 J une 22
110
110*4
48
Oregon Railway A Nav. Co
108=8 100 34
*43
48
109*2 111
108=4 109
*42
48
*
166=4 167*8 166*2 167
63 50
52
53
52*2 53*4
53
Pullman Palace Car
*140
142
Sutro Tunnel
2
2
Western Union Telegraph
1333a 136*8
Do
ex-certificates
91*2 93
EXPRESS.
138*4 140
83*2
84*2
74
74
139*2 142
*139*2
2
2
1353* 137 70
92 s4 94
2
136
*84
85
74*2
*83*2
74*2
....
2
73*4
142
142
140
64
40
64
63
139
85
53*2
53
139
140
178
136
136*2
91*4 93
139*4 139*4 *136
50
167=4 168
2
140
85
85
*72
139
140*2
168
171*2
52*4 53*2
142*2 142=4
172
178
52
53
l7s
l7s
143*2 144
178
178
136*4 137
135*4 136 78
93*2
91=4 92=8
91=8 92*2
>137
COAL AND MINING.
American
109=8 H0*4
137 76
92*8
73*4
109 7s 110'=8
48
*43
50
130
14
41
139
139
84=4
B4J
73
140
73
140*2 l139
73
*136
84*2
*72*2
*136
140
84*2
73*2
141
182*2 Jan. 17 113
153
Jan.
Jan.
Coal
Consolidation Coal
Home-stake Mining
Little Pittsburg Mining
Mariposa Land A Mining
Maryland Coal
Ontario Silver Mining
Quicksilver Mining
Do
_
Coal Mining
gameron
eBtral Arizona
Cumberland Coal
*20
91
278
Excelsior Itining
New Central Coal
Silver Cliff Minir>or
mu u«
40
23
78
43
*4
63
64
43
'
*20'
ii'
*20
21
*1
37*2
18
23 7*
43*4
31*2
*36*2
19
64 34
2334
42=8
19
1834
69
233*
42 70
67
*23=4
31*«
37
19
07*2
24
62
64
40*2
*20
*2
*1
278
*36" *32*2
*36*2
*1634
63
64
63
31
31*2
*36*2
19
66*4
24*4
42=4
37
20=8
69*2
24*4
42 7*
4
7a
31
*36 *2
64*4
40*2
21
3
3
81-n
18=4
37
20
66
69*4
24 78
24 78
42 78
42=4
4=8
4=8
64 a4
40*2
*20
*27s
62
65*2
41
21
3
42
*1 *2
34
9
6
41
127
130
29*2
*36 *2
19
66 *g
24=4
43
-
4*2
29*2
37
19 =
69
8*2
l7^
80*2
8*2
2\
8
2*4
4
ft I'a
ft =c
30 *2
bid and asked—no sale
was
2*4
9
8*2
2 *4
2*8
*30
6
at the Board
.
8*
22h
*8
2
ft
'Vi'
31%
8*2
2
*8
1=4
*29*o
1
97*2
25=4
36*427*4
7
117
160
183*2
66*2 114=4
99
124*8
96*4
61
88
60
83
50 7a
63 *2 105
2278
Feb. 26
Jan.
4 140*2
Jan.
Juno 14
49=4 91*2
99*2 127 =*
May 21
2
6
37 *2
Jan.
5
Jan. 10
Jan.
4
20*4
Feb. 25
June 4
"56**4
20*4
9
25
4
June22
Feb. 25
Jan.
Jan. 12
Jan.
4
Jan.
7
Feb. 18
5
43*a
42=4
95
20
139=,
77
30
21
174
109
30
50
18
24
100
48
66
34
122
>109
30
47
30
......
20
)
L
470
1,513 112
Jan.
May 23
Jan.
3
Apr. 19
20*2 June 15
17h Jan.
5
7
-4 Jau.
4
Jan.
2
i
May
3
115*4 Mar.
1
June
Feb.
Jan.
Jan.
6
11,000
Jan.
Jau.
9,400
4*2
50
4
10
8*2
315
7
1=4
2,330
1
26
'
25
30
102
147
1
)
)
54
3
7
55
19*2
>
28
29*4 Jan.
8*4 Feb.
1
^
9
35
7
20
14
7
53*,
92=4
4*8
*2
77*2 116*3
67
43
26
7 ' 178
l
2*2
7 16
)
l
1
38 *o
2i)=8
51 09*2
1 u
81
75
65
Apr. 271 35*4
3*< Jo-v
50
57*2
32
60
42
3 100
t>'
Jan. 20
June 1!
June 8!
June 8
,
80
113=4
26*2 48
51*4 88^0
3 27*2 62
3 107*2 14S
3
’
21=4 Jau. 6; 27
25
Apr. 271 45=4
550
129
$'106*2 122
33*2 Jan. 10
24=4
43=,
72^
:
5 140
6 88*2
4 75
4 142
35
31
13
53
28*2
13*2
J
2*2 Apr.
60
10*615
18
1
151
100
25
168
)
62*4 Feb.
4,150
225
t
l
)
112
80*2 Jan.
13778.Tune
77
Apr. 19; 94
Jan.
57=4 102
i
Feb.
62=8 Jau.
51*2 Jail.
67*,
28*8
44*2
-
47
183
14
23
.
190
350 120
39%
) 111
129
1
i :
i
197e 35
i
42
15
5 42*2 112
t 34*2 66
t 25*4, 48
1 33
65
i 60
100
40
1 25'
>
50
79*4
88
67
l
47 «8
30
Jan.
1
32^
85*8
'
1
96
56
130*4 May
180
20
70
5,454 135 Jan.
31,335 45=4 Jan.
11,100
113,850
78,436
155^8
127*4
51*8
93*,
i 155
74*4 Feb.
Jan,
89=8 Jan.
6,000
49*4
123
47*2 128
7|
June
Fob.
130 *»
12
100
41=4 May 13j
23
Mar. 10,
16,100
105,700 105*2 Feb. 25
39
Feb. 25
61,550
Feb. 25
26,410 77
3,100
12*2
43
121
28*8
Feb. 28
Juno 4
Jan. 41
Mar. 241
Jan.
4'
90
Feb. 25
26
Feb. 9!
70
Mar. 8;
88*2 Jan.
7
41 *2 Jan.
4j
1,036
3=4
2*a
29*8
......
Jan. 19 14‘
Jan.
57*,
83
75
35)
57,500
300
13*70
37
90*4
99*2 159*-,
Feb. 25
96
52*8
39
61
615
i'ioo
29
Jau. 19
73=4 June 23)
26
Apr. 141
25
Apr. l|
•
4,600
2,740
200
f
21*4 Apr. 26
100
350
500
400
200
81=8
16*2 Jan. 26
A Iron
Dead wood Mining
7iae®*!
*39*2
64
41
pref
Standard Consol. Mining
*
63*2
80*8
95
,
Colorado Coal A Iron
6134
.
17
Mar. 2:
Feb. 2(
38*a Jan.
1,200
433
120
156
1,000
21,800
26,455
85*2 Apr. 26
26,892 103*4 Apr. 19
6,600 42 Mari 22
53
May 20
67,990
39=8 Feb. 25
85
Jan.
28
16,750
23,194
18*4 Feb. 26
1,010 118 Feb. 25
Jan.
63
6
2,100
36,215 140 Feb. 25
11,095 103 May 4
94,284
43=4 Feb. 25
6,100 82*8 Feb. 25
60
May 10
17 164*4 Mar. 25
28
Jan.
4
57,582
500
70
.May 14
61
3,575
May 28
18,031
32=4 Jan. 13
64 *8 Jan. 25
34,865
23 *8 Jan.
72,925
5
12,205
36*2 Jan. 4
500
97=4 Jan. 8
14,310
32*2 June 17!
716 219*2 Jan.
7
46,200
27*4 Jan. 41
15,485 50 Feb. 25
21,526
00
37
Apr. 15
48i4 May
..
>
May U
18*4 May 1-i
36 78 May 11
Feb. 25
63
124
50
140
86
52*8
79
79
113*2 113*2
100
59
147
66
87
70 =8
61*2
117
140
*136*2
87
69*2
105=8 109*8
190
58
5334
91*2
93*2
146
146*2 147*2 145 7e
107
107
106*4 106=4 106
107*2 107=8
46=8 47
46*8 47=8
457a
45*4- 46*8
88
88
87=4
87*4 88*4
145
275
56*2
52*2
10
33 78
91
79
58
10
90
90
1027h Jnne \ >
136
11,650
925
200
Fob. 17
Feb. 2:
44
35,175
16=8
May 2:
L17
100
60
150
54*2
Jail. U
40*2 June 2'
45
5 12
High
50
40
14
25
45
63
15
Jan. 2.'
238,422 118
26*4
53=4
16=8
90
.Off.
106=.i 120*,
9*3 25*8
50
, 53
4
68*2 110*4
4 113*4 Juno 7 61*2 86*2
12,880
7,465
28*2
90*4 90*4
145 78 147=8
57*4
96
86
17*4
110=8 109*4 110=4
62*2 63
62*4
54*2
96
86
54*2
90*4
55*8
58
49*4
60
MayD
06=8 June 2
1878 June 1
90
May 2<
1880.
127*4 Jan. 29
19=4 Jan. 4
60
May 12
900
92
53
57 *4
57*2
60
110
34=4
57*4
53
200
35*4
57*2
52*4
27*
62*8
2(
2
2:
B
i
182,200 107 Jan.
82 *2 Jan.
19,760
120
76 *2 Apr. 8
7,515
44=4 Jan. 4
94
Feb. 26
10,100
27*2
90
114 78 115=4
100
100
139*4 141
28
35*4
36
36*2
3434 36*8
128*8 129*8 128 129*8
55
55=8
5434 5534
93*8 93 5a
93*8 93*2
..
112*0
7fe
7a
Feb.
Feb.
Feb.
Jan.
Feb.
131
23
132
140
160
90
81
66
124
112
123
7
41*2 Feb.
30,610
10,980
102
139*2 141
54*4 56
137
87
MISCELLANEO IS.
25*2
5434
101
35=*
114*2 114*2
..
78
553-
116*2
43*2
57*
70
24
87*2
90*4
34
56 *2
69*2
98*8
6,100
8,390
14,300
4,581
87 *2
89*2
*85
87
115
36
54
7879*2
.
3,005
100
70
124*4 125 *4
112
112=8
36=4
42=4
56 34
53 =8
98*8
25=4
43
50
53
25
70
51*2 517s
51*4 51=4
51=8
11134 111*4 111*2 111*4 112
38
37*2 38
36=8 37*2
39=4
'185
35
'fc'6 * "86
84
43*4
106*4 106 *2
6434 65 *4
49
5034
65*2
Do
pref.
St. Louis Iron Mt. A Southern.
St. Louis A San Francisco
Do
pref.
Do
1st pre
St. Paul A Duluth
Do
pref
St. Paul Minneap. A Manitoba
Texas A Pacific
Texas A St. Louis
Toledo Delphos A Burlington
Union Pacific
Wabash St. Louis APacific
Do
pref.
90*2
91*2
90
3734
125
1263b 125
190
89*2 89*2
62 34
43*4
833a
37 58
44
50
60
22
42
12
62 34
47*2
130*2
.
90
117
37
64 78
63
128
60
22
42
106*4 107 3» 107=4 108
110
111*2 111*2 110
25*2 20=8
2534 26*4
54*2 54*2
54*2 54*2
*136*2
Rochester A Pittsburg
Rome Watertown A Ogdensb’g
St. Louis Alton A Terre Haute.
Well*, Fargo A Co
27
43*4
8234
363b
43*8
35
United States
2 5 *2
435h
83 7*
37 =8
117
pref
American
107*4 1083b
62*2
83*2
Ohie A Mississippi
....
1437a
43
f
Apr.
7ear
87*8 130
131*8 Feb. 21 147*2 Jan. 17 104
146*2
129
Feb. 21 148=8 May 21 100*2 204
Jan.
4
40
88
May 23 22
48
Jan. 22
40*8 Mar. 25 51
40
126=8 128*4
46
pref.
i'43'7;
2,655
32,550
41
63 *8
110
New York A New England
New York New Haven A Hart. *180
New York Ontario A Western
37
Do
90
pref.
Norfolk A Western, pref
62*2
Nerthem Pacific
43*2
89
*86
54 -*8
43*4
1067b
65=4 67*4
98*2 98=a
28
14638 145*4 146
110*2 105=4 109-a
46 78
45 7q 46*2
86*s 87 *J 86*2 873b
..
Pacific Mail
12 7s
92:io
93*4
26*«
123*2 126
111
11238
83»4 8334
H334 11334
100*2 102
137 *2 138*4
43
105 *2
Jan.
Apr. 21
May 17
101*2 Feb. 2f 129*4 Juno <
117
Feb. 25 140
May 26
67,80*0
600
1*36*2 136*2
55
10939110*2
61=8 62*4
Milwaukee L. Sh. A West., pref
Milwaukee A Northern
Missouri Kansas A Texas
Missouri Pacific
Mobile A Ohio
Morris A Essex
Nashville Chattanooga A St. L.
New York Central A Hudson
New York Elevated
New York Lake Erie A West..
American District Telegraph
American Union Telegraph
Atlantic A Pacific Telegraph
Delaware A Hudson Canal
New York A Texas Land
27*2
141
r
138
138
25
253b
86
113*2 113*2
126*4 120 T,.
139*2 140
143*2 143 7b
Highest.
82*2 Jan. -1
80*2 Feb. 2:
20=4 Jan. 1!
32=4 Jan. 1‘.
679
124*2 126*4
134*2 134*2
125*2 126 76
*80
121*4 12378
1107b 111*4
112
87
84
123
124 7,
134 VI34*
81
140
25
140
140
137*4
143*2
143
81
62*2
98
123*2 124=4
134 7a 135*,12534 126=4
124=8 126
143* 143 =8
112
112
Memphis A Charleston
Metropolitan Elevated
Michigan Central
Adam*
70
145
163
Long Island
Do
74*.
37 7t
*145
103*2 163*2
120
45
37
69
66
4,530
1,910
105
101*8 102=,
101*2 102*
45=4
33*2
139*2
139
*139
102*
“•>*,
< 3 ‘4
36
30 *C
30=8
46
33*2
33;*8 33*-.
141*2 141*2 *139*2
30'V
45 7a
140
Delaware Lackawanna & West.
Denver & Rio Grande
Ohio Southern
74 :V
38
10078 102
30*8 30*2
139
143 *s 144
pref.
Do
Ohio Central
80=4
66=*-
...
Cincinnati Sandusky A Olov—
Cleveland Col. Cin. & Ind
Cleveland & Pittsburg guar—
Columbus Chic. & ltd. Central.
Do
62
48 *t
102=8 103 'r
100 3s 101 78
Lowest.
230
59=8
48 *8
io6'7B 102" icvt" i02*v
139*2 140
Friday,
00
*124
59
*80
162 7g 163*
Chicago Milwaukee <fe St. Paul.
Do
pref.
Chicago A Northwestern
Do
pref...
Chicago Rock Isl. & Pacific
Chicago St. L.A New Orleans..
Chicago St. Paul Minn. & Om..
Hannibal & St.
593b
140
147
Chicago Burlington & Quincy
Do
583,
4534
3334
Chicago A Alton
Do
127
101 =8 102 v
30 >-2 31
1st pref.
2d pref—
June 20.
58=4
101 *4 102*4
Chesapeake A Ohio
Monday,
1.
Hauge for
Lange Since Jan. 1, 1881
Sales of
the Week
Shares.
STOCKS.
Saturday,
WEEK, AND SINCE JAN.
30
9
45
20
Jan.
Jan.
Feb.
3
118
55
42*,
39^1
39
30*
4=4
27
39*4
24*4
78*£j
34
....•*
)
1
3
66=4
_55
2
23
21*3
70
11*2
25*
25*a
6
20
2*4
35
6^
THE
June 25, 18?1.J
CHRONICLE.
681
QUOTATIONS OF. STATE AND RAILROAD BONDS AND MISCELLANEOUS SECURITIES.
state; bo’nds.
Bid.
SECURITIES.
Alabama—
Class A, 2 to 5, 100(5
Class A, 2 to 5, small
Class 35, 5s, 15)00
Class C, 2 to 4. 11)00
Ask.
SECURITIES.
Michigan—
0s, 1883
!
Os, 10-20s, 1000
*
Arkansas—
0s, funded, 1800 1000...!
7s, L. Rock A Ft. S. iss. j
7s, Mcinn. it L. Rock URj
7s, L. R. P. 15.it X.O. HU!
7s, Miss. O. it It, R. RR.I
7s, Arkansas Cent. RR.I
Connecticut—0s, 1883-4..
\
!
100
0s, due 1882
Ask.
or
'
11314
1.17
Louisiana—
044
7s, consol., 1914
7s, small
RAILROAD
BONDS
Railroad Bonds.
Exchange Prices.)
Ala. Central—1st, Os, 19R
Atch. T. it S. Fe—4 4,192(
Balt.itO.—1st, Os, Prk.Br
974 100
112
Bost. II. it E.—1st mort.
82
Bur. Ced. ft.it No.—1st, 5: i
Minn.it St. L.—lst,”s,gi *125
IowaC.it West.—1st, 7i *1 10
101
C. Ran. la. F. A N.—lst.Oi
119
Central Iowa—1st, 7s, ’9'..
Cheasp. it O.—Pur. m’y fd. 115
j
4
83
102*4
......
Gal.Har.it S.Ant’o—lst,6>
1st, La Gr. Ext., 0s,191(
107
2d mort., 7s, 1904
Gulf Col. A S. Fe—7s, 190!
Han. A St. Jos.—8s, conv.
Houston it Texas Cent.
1st mort., 1. gr., 7s
1st mort., West. Div., 7s
107 4
123
110
...
.
.
.
.
.
......
...
*
T
_
,
,
t#,
Ind.151.it W.—1st, pref., 7s
1st mort., 3-4-5-os, 1909
2d mort,, 3-4-5-0s, 1909.
,
,
...
108
120
3 15)3.1 120
Am. Dock it Im.—Ass’d.
C. M. it St. 1\—lst,8s,P.D.
5)5)
80
Det.M.A T.—1st,7s,1900
Consol., coup., 1st., 7s
Consol., reg., 1st, 7s...
Consol., coup., 2d, 7s..
Consol., reg., 2d, 7s
10!)
Ill
1314 132 4
130
.,
1st, 7s, Lit D. Ext,, 1908
Div., 1st, Os, 1909.
1st, 5s, La.it Dav., 1910.
1st 8. Minn.Div.,6s, 15)10
1st in., II. it 1)., 7s, 1910
Ch.it Pac. Div., Os, 1910
1st Chie.it P.W.,5s,1921
Miu’l Pt. Div., 5s, 1910.
101
102
Manhat.B’ch Co.—7s,1899
C it N.west.—S.f, 7s, 1885 *112
N.Y.A M.B’h—1st,78,’97
Interest bonds, 7s, 1883 10534
Marietta A Cin.—1st, 7s..
Consol, bonds, 7s, 1915.. 133
1st mort,, sterling
Extension bonds, 7s, ’85 *
130
Metrop’lit’n EL—1st, 1908
1st mort., 7s, 1885....... *113
113 4
2d mort., Os, 1899
’..
Coupon gold, 7s, 1902... 120*8 127
Mich. Cent.—Con. ,7s, 1902
120 *8 127
Reg., gold, 7s, 1902
1st mort., 8s, 1882, s. f..
Sinking fund, Os, 1929..
1124
Equipm’nt bonds, 8s,’83
110
111
Sinking fund, reg
6s, 1909
Iowa Midl’nd—1st m., 8s
Registered, 5s, 1931
Galena it Chic.—Exten. 104
Coupon, 5s, 1931
peninsula—1st m., conv.
Jack. Lan.A S—6s, 1891
Chicago it Mil.—1st m.. 1.27**
Mil. ANo.—1st, 4-5-Os, 11)10
Winona it St. P.—1st m. 1109
Mil. L.S.AW.—1st 6s, 1921
1224
2d mort,, 7s, 1907
Mo. K. A T.—Gen.,con., Os
C. C. C.it Ind’s—1st,7s,s. f.
1244
Cons., assented, 1904-0.
Consul, mort., 7s, 1914.. 125 4 120 v»
2d mort,, income, 1911..
C St.L.&N.O.-Ten.lien,7s 114
H. A Cent. Mo.—1st,’90.
1st m., con., 7s; 1897.... 1113
Mobile A O.—New m., Os.
C. St. P.M.it O.—Cons., 6s 1043s
Naeh.Chat.it St.L—1st, 7s
113
C.St.P.iteM.—lst.0s,1918 i
2d, 6s, 1901
No. Wise,—1st, Os, 1930.
N. Y. Central—Gs, 1883
S. W.
‘
......
105U*
108
no
Atch.C. AP.~l«t,Gs,l
At. Jew. Co. A W.—Is
Utah So.—Gen.,7s, 1
Mo. Pac.—1st consol
3d mortgage, 7s, 1900.
Pacific of Mo.—1st, Os
2d mort., 7s, 1891
ii'3'
113
103
115
107 3h
......
iro”
Income A I’d gr., reg.
1st. Rio G.I)iv.,Os,1930
924 93
101 *8 101*4
1394
*132
m
110*8
*130
m.
140
Huds. R.—7s, 2d, s. f.,’85
119
*116
'
lstm.,consol., gnar.,7s
Del. AH.C.—lstm.
,7s, 1884
1st mort., 7s, 1891
1st mort,, ext., 7s, 1891.
Canada
110
......
1st mort,,
coup., 7s, ’94.
1st mort.,
7s,
’94
reg.,
1st, Pa. Div., cm,7s,1917
Reg., 7s, 1917
Alb. & Siisq.—1st m., 7s
2d mort., 7s, 1885
1st,cons., guar.7s,19®0
Bens. A Sar.—1st, coup.
1st mort., reg., 19"iv
..
Deny. & Rio Gr.-lst,r900
*----"
1194
120
1194
120
119 4 120
120
120
114
*108
135”
135
120
So.—1st, ini.
gu.
Harlem—1st m., 7s, cp..
1st mort., 7s, leg.,1900
N. Y. Elev’d—1st, 7s, 1906
121
127
120 4
121
i
N.Y.Pa.AO.—Pr.l’n,6s,’95
N.Y.C.A N.—Gen„6s,1910
N.Y.A New Eii‘i.-*ist, 7s.
1st m., 6s, 1905
...
Nevada Cent.—1st m., Gs.
N.
Pac.—G.l.gr.,lstcon.0s
Registered Os, 1921
N.Pae.—B’ndctfs, Os,1921
N. O. Pac.—1st, 6s,g.,1920
Norf. AW.—G.l.m.,Os, 1931
Ohio A Miss.—Consol, s. f.
Consolidated 7s, 1898...
2d consolidated, 7s, 1911
1st m., Springfield Div..
Ohio Cent.—1st, 6s, 1920.
1st in., Ter’l Tr., Os, 1920
Ohio So.—1st M.. Os, 1921.
1st, consol., 7s, 1910
1203.1
Deuv. So.P.A Pac. 1st, 7s
1104'
«*£*£—1st
mort,, extended. *128 4
2d mort., ext’d 5s,
191y - 110
3d mort., 7s, 1883
1104:1 Panama—S.F, sub. Os, 1897
4th mort., ext’d,
Peoria Dee. A Ev.—1st, 6s
5s, 1920 110
5th mort,, ext,, 7s, 1888
Evans. Div.,1st, Os, 1920
lst.consob, gold, 7s,19201 133
Pac. R Rs.—C.Pac.—G.,0s.
Long Dock bonds,7s, ’931
San Joaquin Branch..
Buff. N.Y. A E..—lst.1910 tl28
Cal.it Oregon—1st m..
-
iVr,”j.
Prices nominal
t And accrued interest.
“
......
Cairo Ark. A T.—1st
109”
ti‘22” 124”
*123
10434 1054
107 7« 108
11138 1114
87 >4
in *2 112
115
119
114
*117
*113
m.
St.P.Minn.A Man.—1st,7s
2d mort., Os, 15>O0 4
Dakota Ext.—Os, 1910
Tol. Del. A I>ur.—Main. Os
...
125
9934 100
Hav. Div.—Oh, 1910
Tol.P.AW.—1st, 7s,1917
104
1194 120
Wabasli—Mort. 7s of ’09 *111*4
Tol. A W.—1st, ext., 7s
1st, St. L. Div., 7s,1889
iio
„
„
„
„
103
*100
*103
107
104
109
123
123
1*2*4*
1214
125
122
107 *4
......
10334 10334
99 *4
107
1104
iio
112
no
99 :*y
(Interest payable if earned.)
Ala. Cent.—Inc. 6s, 1918.
Central of N. J.—1908....
Chic.St.L.AN.O.—2d, 1907
Col.Chic.AI.C.—Inc.7s,’90
9334
93
59
95
37
(Broker's Quotations.)
Bost. IIartf. A E.—Stock.
278
00
Chic.A Can.So.—1st, g., 7s
Chic. A S’west.—7s, guar, tl22
Cin. Ind. St. L. A Chic.—
1st mort., Os, 1920
106*4
112
Cin. A Iud.—1st, 7s, ’92.
116
107
2d, 7s, 1887
Ind. Cin. A Laf.—7s, ’97 112
109
7s 1888
Col. A Hock. Val.—1st, 7s. 1113
*105
2d mort,, 7s
Col. A Toledo—1st in., 7s. 119
110
2d mort., 7s
Des M.A Ft.Dodge—1st,Os 100
87
90
Galv.H.A Hen.—7s, g., ’71
118
Gr. Rapids A Ind.—1st, 7s 112
3 st mort., 7s, guar
4118
125 '
103
Ex-land giant
Stock
234 264
Indianap. A Vine.—1st, 7s 111
102
2d mort., 6s
82
Kansas A Neb.—1st mort..
40
2d mort
Long Island—1st mort..
.
2d mort
Stock
115
100
55
Income, “A”
Income, “B”
Stock
98
19
14
38
107
55
19
91
45
20
103
(Broker'8 Quotations.)
STATES.
So. Car.—Consol. Os(good)
108
57
110
97
Atl. A Gulf—Consol.7s,’97
114
117
Atl.A Charlotte—1st, 7s..
1104 111
Browne, consol
Virginia—New 10-40s
RAILROADS.
Income, Os
1*02*4 i0334
105
no
754
75*6
94
96
85
6s, 1923
81
97
Cent. Ga.—Consol, m., 7s.
120
125
Stock....
Cliarl’te C.AA.—Consol.7s
2d mort., 7s
Stock
Chic.St.L. A N.O.—New 5s
E. Tenn.Va. A Ga.—1st, 7s
Stock .:
121
112
104
50
100
124
Stock
Car. Central— 1st,
Georgia Railroad—7s
6s
Stock
Stock
Miss. Central—1st m.,
2d mort., 8s
N. O. A’Jackson—1st,
7s.
8s.
Certificate, 2d mort., 8s.
31
95
Norf. AW.—Stock, com..
28
Northeast., S.C.—1stin., 8s
2d mort., 8s
Port Royal A Aug.—1st,6s
Rich.
A Dan.—1st, cons.,6s
784
125
119
105
105
Stock
ioutliw. Ga.—Conv.
107
*i05”
no
Trust Co. certificates...
Int. A Gt. North.—2d Inc.
2d assented. Os, 1909—
-
70*4
*102
103
102
95
83
7e 103
Lehigh A W.B.Coal-1888
10934 Lake E. AW.—Inc. 7s, ’99
Sand’kv Div.—Inc., 1920
1194
Laf.BLAMnn.—lnc.7s, ’99
72
Mil. Jj. S. A W.—Incomes. t
* No puce Friday—these are latest quotations
84
724
90
87
7s, ’80
Stock
[.Carolina RR.—1st m., 7s
115
106
57
105
122
220
115
114
175
120
108
116
120
120
Cbie.St.P.AM.—L.g.inc.6s
Chic. A E. Ill.—Inc., 1907
Ind.BLAWest.—Inc.,1919
100
120
200
112
112
172
116
117
90
105
112
116
117
Cent. Ia.—Coup.deb.corts. t
Ind’sDec.ASpr’d—2d inc.
67
00
Miscellaneous List.
Meinpli.AChar.—1st,cons.
1st, consol., Tenn. lien..
INCOME BONDS.
105 4
05
Dayton Div.—Os, 1910..
1920
2d mort.,
......
*100
*90
*014
ioi 41 Southern Securities
101
Os
Chic. Div.—5s, 1910
ext., 7s, ’93.. *il04
Equipm’t bonds,7s-, ’83
Consol., conv., 7s,1907 ioo” iij”
Gt. West.—1st, 7s. ’88. 1114
1054 1064
2d mort., 7s, 1893
110
11134
Q. A T.—1st, 7s, 1890. 110
*104 4
100
Ill.AS.I.—1st, 7s, 1882 102
i*39 **
Han. A Naples—1st, 7s
St.L.K.C. AN.—R.e.,7s 112
139
Oin.Div.—1st mort., 7s 1194 120
Clarinda
1*0*34
Br.—Os, 1919 *100
107
*133
St.C.B.—1st, 7-8s,1908 100
No. Missouri—1st, 7s. 1204
*132
West.U. Tel.—1900, coup. 122
124
11734
122
1900, reg
95
Spring Val. W.W.—1st, 6s
Oregon RR. ANav.—1st,Os
i’l24
110
t
71s4
64
04
Tex. ASt.L.—L.g.,inc.
N. J. So.—Int. guar.,Os.’99
N.Y.AG’nw’d L.—1st,7s,n
924 93 7s
2d mort
St. Joseph A Pac.—1st m.
120
2d mort
no
107
St. Jos. A West’n—Stock.
South
I* I.—1st, 7s.
Il4 i'14 4 Tex. A Side,
St. L.—1st, Os, 1910
10734; Utali Central—1st mort..
107
1074 Utah Southern—1st mort.
994 100 | Wis.Ceiit.—1st
series, new
984
2d series, new
m.
1st, Ter’l trust, Gs, 1910
108
97
ll5
*
1st, Daj t. l)iv., Os, 1910
102
100
St.L.A.AT.H.—Div. b’nds
Tol. Del. A B.—Inc.Os,1910
Midland of N.J.—1st,new
120
2d mort.,
pref., 7s, 1894.
2d mort., income, 7s, ’94
Belleville AS. Ill.—1st 111 j
W. St. L. A F.—Gen. m.,
i‘35
i‘25”
_
N. Y. C. A H.—1st m.,cp.
1st mort., reg., 1903 ..
119
90
..
87
1074
m
104
St.L.Alton A T.H.—1st
95 34
,
108
1 10
97 4 98
Gen.c.r’yA l.g.,5s,1931..
103 ’-4 1033;
90
89
129 4
*108
2d, Os, int. acc’mulative
105*8 S t’gl. A lt’y—Ser. B. ,inc.’94
Plain Income Os, 1890..
120
*119
till
*
...
Os, subscription, 1883..
Syr.Bing.it N.Y.—1st,7s
Morris A Essex—1st
2d mort,, 1891
Bonds, 7s, 1900
7s of 1871-1901
..
6s, 1887
Os, real estate, 1883
4!
110
„
St.P.&S.C,—1st, Os,1919
Chic.& E. 111.—1 st,s.f.,cur.
Del. L. aw.—7s, conv. ’92
Mort, 7s, 1907
99
99*8
.
*
......
...
no
Consol., Os, 1905
Pitts. Ft. W. A Ch.—1st
2d inert., 7s, 1912
3d mort, 7s, 15*12
Mob. A O.—1st pref.deben.
2d pref. debentures
3d pref. debentures
4th pref. debentures
N.Y. Lake E. AW.—Inc. 6s.
N.Y. P.A O.—lstino.ae.5-7
N.O. M.A Tex.—Deb.scrip
Ohio Cent.—Income, 1920
Ohio So.—2d Inc., Os,1921
Peoria D. A Ev.—Incomes
Evansv. I)iv.—Inc.,1920
Rocli. A Pitts.—Inc., 1921
St. Louis I. Mt. A So.—
1st, 7s, pref.. int accum.
114 4
*120
Clev.APittsb.—Cons., s.f *1274 129
125
t
120
1144
Den. Div.,Os,ass’d.’99
1 st eons., Os, 1919.
Cent. 15r. U. Pac.—1st,l
Funded coups., 7s, ’95.
guar. 4 4s 1st c. *1Q3
Registered, 1921... I
......
registered
1123* Ogdensb.AL.C.—Inc. 1920
...
....
122
1184 121
110 \
2dm., 7 3-10, P. D., 1898 *1244
1st m.,7s, $ g., R.D.,1902 *129
1st m., LaC. Div., 1893..
125
130
1st m., I. it M., 1897.... *129
1st in., r. it J)., 1899
*129
1st m., C. it M.. 1903....
Consol. 7s, 1905
2d mort
7s, 1884
108*
Pennsylvania
RR—
Pa. Co’s
125
...
\
131
129 4
1 Louisville. A Nashville—
4tli mort., Os, 1892
123
1244
Col. Cb.A I. C.— 1st, cons
Consol., 7s, 1898
2d mort., 7s, gold, 1883. 1004
2d con., 7s, 1909
1
Cecilian Ilr’eh—7s, 1907 110
1st, Tr’t Co. ctfs., ass’d
109
j
2d, Tr’t Co. ctfs., ass’d
N.O.AMob.—1st,Gs,1930 *100
>100 4
1 st.Tr’t Co.ctfs.,suppl.
E. H. A N.—1st, Os, 1919 105
*129
St. L. V. AT. H.—1 st.g.,7s
Geifl mort., Os, 1930
'109*8
,132
128
132
109
2d mort., 7s, 1898
Pensacola Div—6s, 1920
2d in., guar., 7s, 1898.
St, L. Div.—1st, Os, 1921 108
t
i
6
2d mort., 3s, 1980
Rome W.AOg.—Con., 1st.
1304
109*4
Nashv. A Dec.—1st, 7s. *i2i
Rocb.A Pitt,—1st,Os,1921
101
S.A N.Ala.—S.f.,Os,1910
Rieb.it All’#?.—1 st,7s,1920
101*4
111
112” St. Louis A I. Mount.—1st
L. Erie A W.—1st, Os,1919 *
2d mort., 7s, 1897
100*4
Sandusky Div., Gs, 1919. 100
no
1
11*2*4
Laf. Bl.A M.—1st, Os, 1919
Arkansas Br.—1st mort.
102 ;,8 103
Lou is v. N. A lb. AC.—1 st, Os 11)8 78 110-a!
Cairo A Fulton—1st 111..
137
121
So. Pacific of Mo.—1st in
Tex. A Pac.—1st,Os,1905
*124”
133
1154!
F.—2d, Os, cl.A
3-Os, class C, 19(b)
3-Os, class 15,1900
1st, Os, Peirce C. A O
Equipment, 7s, 1895..
.
Lake Shore—Div. bonds
107
106 V 100
St. Ji.A S.
112
112
Lake Shore it Mich. S.—
°
Mich. So. it N.I., s.fd, 7s 1104 112
Cleve. it Tol.—Sink. fd.. *112 4
110
New bonds, 7s, 1880.. *
Cleve. P. A Ash.—7s
117
Ruff’, it Erie—New bds.
Butt'. A State Line—7s..
Kal. A W. Pigeon—1st
*114
Conv., assented, 1902... *11834
Adjustment, 7s, 1903...
Lcii.it W B.—Con.g’d.as.
131
98
84 4
rndianap.D.it Spr.-lst.7f
Int.it Gt.No.—1st, Os, gold
Miss.R.Br'go—1 st.s.f. Os 107
C. B.itQ.—8 pie., 1 st m.,’83 1 10
3 32
Consol mort., 7s, 1903
5s, sinking fund, 1901..
C. R.Lit P.-Os,coup.,1917 3 30
*130
6s, 1917, registered
Keo.it Des M.—1st, g.,i
Central of N.J.—1st m.,’90
1st consol., assented, ’99
•'
State Aid bonds,7s,’84
Land grant bonds, Os.
West. Pac.—Bonds, Os
So. Pac. of Cal.—1st, Os.
U nion Pacific—1st mort.
Land grants, 7s, ’87-9.
Kans. Pac.—1st, Os,’95
1st m., Os, 1890
.
small
SECURITIES.
120
ser.
La. it Mo.—1st m., guar. tm"
2d mort., 7s, 1900
113
St. L. Jack.it Ch.-lst m 1184
1st, guar. (504), 7s,’94 1184
2d lii. (300), 7s, 1898.. *108
2d. guar. (188), 7s, ’98. *108
Do
Do
.....
Sinking funds, 8s,’93
Registered 8s, 1893...
Collateral trust, 6s.'..
1st mort,, Waeo it N., 7s 118
133 4
5)04 91
15, iut. def.
2d, consol., main line, 8s 131
05
Os, currency, iut. def
0534
2d, Waco it N., 8s, 1915
T07
6s, gold, series A, 1908.
Income and indemu’y,7s *100
1O0
Gen. mort., Os, 15)21
Chicago it Alton—1st in 1*123
1004
Income 7s, 1883
*105
Ill.Cent.—Duh.it S. C\, 1st
110
Dul). A S. f\, 2d Div., 7s
Sinking fund, Os, 1903
Joliet it Chicago—1st m.
Ced. F. A Minn.—lstm. ti'l'o”
Os, gold,
Registered
Funding 5s, 1899
112 4
*1144 115 4
78*4
3-05h, 1924
Ceu. Pacific.—Continu'd
131
78*4
Small bonds
6s, coupon, 1803-99
10378
78 *4
Os, deferred
Rhode Island—
MISCELLANEOUS
Os, old, 1892-8
Os, new, 1892-8-1900
Os, new series, 1914
District, of Columbia—
Os, 1881
Os, 1880
N.Y.L.E.ifcW.—Now2d,(
1st, consol., fd. cp.. 7s
2d, consol., fd. cp., as *100
FI’tit P. Manj.—M.Os. 192(
113
(Stock
class 2......
Ohio—
AND
10
Os, new, 1800
Os, new, 1807
Os, consol, bonds
Oh, ex-matured coupon..
Os, consol., 2d series
class 3
Consol. 4s, 1010
Small
Erie—Continued—
—
Os, Act Mar. 23, I860*
non-fundable, 1888.. )
Virginia—Os, old
Special tax, class 1, ’93-0
Do
Do
Ask.
Tennessee—
Do
1808-1808.1
New bonds, J.itJ., ’92-81
Do
A.AO
Chatham Rll
Funding. 1894-’95
Hannibal A St. Jo., rHn.
Do
do
’87.
New York—
*
100
0s, gold, reg., 1887
100
0s, gold, coup., 1887
105
0s, loan, 3883
120
Os, loan, 1801
121
Os, loan, 1802
122
Os, loan, 1803
N. Carolina—Os, old, J.it J.
30
Bid.
SECURITIES.
South Carolina
Funding act, 1800-1000.'
....
Georgia—0s. 1880
7s, now, 1880
7s, endorsed, 1886
7s, gold, 1800
Ask.
No. Carolina RR., J.itJ.
I)o
A.itO
Do
coup, off, J.itJ.
Do
coup. n*f, A.itO.J
Os, due 1888
Os, due 1880 or 1800
Asyl’m or Univ.. due ’92
15
Bid.
Os, old, A.it O
1
1883
0s. due 1880
0s, due 1887
SECURITIES.
N. Carolina—Continued-
3 03
! .118
7 s, 1890
Missouri—
—
08
85
100
Bid.
140
145
107
50
120
Non-mort. bonds
N. O.—1st. 7s...
1074*10:
made this week.
fT‘*~ 1
.
”92*“
Stock, assessment paid.
7s, 1902, non-enjoined
..
•
77
CHRONICLE.
THE
682
New York Local Securities.
({dotations
[Vol. XXXIL
m
Boston, Philadelphia and Baltimore.
Insurance Stock List.
Bank Stock List.
No. 7 Pine
Harked thus (*) are
lOo
100
100
25
25
100
100
25
100
25
100
100
100
100
25
25
100
100
100
100
30
50
75
100
100
25
100
America*
Exchange
Bowery
Braid war
Butchers’ ft Drov’rs’
Cen.ral
Chase
Chatham
Chemical
gtlzens’
ty
Commerce
Continental
Corn Exchange*
Bast River
Bterenth Ward*
«*fth
i**fth Avenue*
Xftlaux#
••••«••••«
Fourth
Fulton
Gallatin
8erman Exchange*.
American*,
erman
Germania*
Greenwich*
Hanover
'.
Imp. and Traders’...
137
124
Bowery
Broadway
Brooklyn
Citizens’
150
City
i781
Clinton
Columbia
Commercial
230
Continental
50
Leather Manui’trs’.
Manhattan*
100
50
Marine
Market
100
100
25
60
25
100
60
50
100
100
Mechanics’
Mechanics’ Assoo’n.
Mechanics’ ft Tr’drs’
Mercantile
Merchants’
Merchants’ Exoh’ge
Metropois*
Metropolitan
Firemen’s
Firemen’s Trust
Franklin & Emp..„
German-American..
Germania
Globe
Greenwich
05
ICO
Guardian
Hamilton
Hanover
Hoffman
Home
Howard
100
100
100
100
100
100
70
30
25
50
100
25
20
50
100
100
100
100
100
100
100
100
40
50
100
100
Nassau*
New York
New York County...
N. Y. Nat’l Exeh'ge.
Slnth
Orth America*
...
North River*
Oriental*
Nhciflo*....
Park
People’s*
Phenix
Produce*
Republic
St. Nicholas
Seventh Ward
Beoond
Shoe and Leather.
.
$ateof New York..
Tradesmen’s
Union
United States
West Side*
Gas and
Jefferson
Kings County (Bkn.)
160
Knickerbocker
i50
Lafayette (Br’klyn).
160
Lamar
Lenox
Lone Island
Lorillard
00
iie
13 j
Mechanics’ (B’alyn)
Mercantile
Merchants’
Montauk (Brooklyn)
Nassau (Brooklyn)..
National
New York Equitable
New York Fire
New York & Boston.
New York City
100
xl05
People’s
145
Phenix
Belief
Republic
Rutgers’
Standard
Star
Sterling
Stuyvesant....
Tradesmen’s...
155
United States..
Westchester...
Williamsburg City..
ueorge
Par.
25
20
50
20
50
100
V-r.
100
Manhattan...;
certificates....
Mutual, N. Y
bonds
Brooklyn
25
Va
100
10
scrip
.
People’s (Brookl7D)
Bondi
1,000
Bonds
Central oi New York
Williamsburg
Var.
50
50
do
1,000
bonds
Metropolitan, Brooklyn
100
100
Municipal
do
2,000,000
1,200,000
i
bonds
Fulton Municipal
100
i ana aaa
700,000
4,000,000
1,000,000
375,000
125,000
400,000
1,000,000
1,000,000
1,000,000
3,000,000
750,000
l
Var.
Var.
315,000 A.&(>.
nan F.&A.
750,000
4,000,000
•2,500,000
1,000,000
5,000,000
1,000 1,000,000
Metropolitan
do
...
Amount. Period
1,000
Harlem
.
120
-
-
a
♦
•
•
•
175
#
J.ft J.
J.ft J.
M.& S
VI. A S
Quar.
F.& A.
Var
M.&N.
M. &N.
ft J.
.Yf AN.
Var.
F.ft A.
Quar,
A.ft 0.
Si. &N.
M. &N.
Rate
Date.
*
5
©
7
3
7
7
0
-
•
•
r
t1
.
1-
,
V T
...
102
115
-
.
.
;9U
-
•
*
300
70
145
1(5
»0
100
127
100
85
210
70
.
95
80
117
70
150
115
170
160
60
130
117
150
118
155
110
-
i
1
05
70
75
183
110
114
240
130
210
1 0
no
230
125
200
115
135
88
75
150
127
110
75
115
!05
130
115
•210
62*
80
ifd
iio
121
....
i8ys
Jan.,
Ap
.,
Feb.,
1882
91^
3* May,
4
May,
3* •in.;..
1897
1600
•lulv.
3
2
0
Jan..
1900
2* Jai.,
5
0
107*
*
’81 145
’*1 191
’81 145
’81 105
’el 00
10 1
60
’8! W5
’81 102
’70 35
101
ft C 80
’80 • 0
’81 60
101
’81 69
105
105
00
SO
155
195
147
1C6
70
104
HO
100
14
40
105
99
05
65
104
05
168
no
A£» '81
5O0,OOO|
Ask.
) 70
[Quotations by H. L. Grant, Broker, 145 Broadway.]
*
BleeekerSt.&Fult. Ferry—St’k
lat mortgage
Broadway & seventh a v.—St’k
1st moortgage
_
Brooklyn City—Stock
1st mortgage
Broadway (Brooklyn)^-Stock
Brooklyn St Hunter’s Ft.—St’k
..
1st mortgage bonds.
Buahwick Av. (B’klyn)—Stock.
Central Pk. N. St E. «iv.—Stock
Consolidated mort. bonds....
Christopher & Tenth St.—Stock
100
1,000
100
906,000 J. ft J.
694,000 J. ft J.
2,100,000 Q-J.
1,000 1,500,000 J.&D.
10 2,000,000 Q-F.
1,000
300,000 M.&N.
100
200,000 Q-J.
100
400,000 A.&O.
1,000
300,000 J.ft J
500,000 J. ft J.
100
100
1,800.000 Q-J.
1,000 1,200,000 J.&D.
100
650,OfK) F.ft A
Bonds
1,000
250,000 J. ft J.
100
Dry Dock E.B.& Batt’ry—Stock
1,200,000 Q F
1st mortgage, consolidated
500&C
900,000 J. ft D.
Eighth Avenue—Stock
•
100
1,000,000 Q-J.
H Jan., VI
23*
20
112
135
June/’84 103* 100
180
May, *81 170
Nov., ’80 102
no
140
150
Apl., ’81
Apr., ’81 95 100
7
1888
102* 105
100
2* Jan., ’81 65
2
125
Apl., ’81 118
7
D -«\1902 116
120
100
2* Feb.. ’81 90
7
1893
100
110
3
Mav, '81 180
7
118
June, '93 114
3
Mot, ’81 175
7
Jan., ’8i 100
iio
0
May, ’81 185
7
iis
Apr., ’93 no
50
7
Nov.1904 103
no
50
7
no
•Toly. ’94 105
1)5
2* Jan.. '81 11C
7
2
7
5
7
3
2
J’ly.l»0(> J08
Apl.. '*1 130
1st mortgage
1,000
203,000 J. ft J.
42d 8t. St Grand St. Ferry—St’k
100
748,000 vi.AN.
1st mortgage
1,000
236,000 A.&O.
Central Cross Town—Stock
100
600,000
lit mortgage
i;ooo
200,000 M.&N.
EOttst.West St.ft Pav.F’y—St’k
100
250,000
lat mortgage
500
j. ft j.
Second Avenue—Stock
100 1,199,500 J. ft J.
3d mortgage
1,000
150,000 A.ftO. 7
Apr , ’851100
102*
Consol, convertible
1,000 1,050,000 M.&N. 7
1(9
ict., ’80 !07
Extension
00&C
Sent.,’81 100
200,000 M.ft 8. 7
Sixth Avenue—Stock
100 i 750,000 M.&N.
5
Feb., '81 200
1st mortgage
Ju y. ’60,110
1,060
500,000 1. ft J. 7
115
Third Avenue—Stock
100 2,000,000 Q—F.
5
May, '81'180
lat mortgage
1,000 * ,000,000 J. ft .1. 7
114
duty, W112
Twenty-third Street—Stock.
100
155
600,000 F. ft A. 4 |Feb ,’«1 145
1st mortgage.
1.000
M.ft N. 7 jMay, ’93 105
112
*
Thia coiumn shows last dividend on ft Kks, but the date of
maturity of bonds.
*
-
4
-
-
'
H. ft B. T. 1st m. 7s, gold, ’90.
do
1st m. 7s, fd. g/39 ioo
do
2d m. 7b, gold, ’95. 112
do
2d m.f‘.scrip g.,7s
'
do
cons. m. 7s, 1895...
fO
do
53,1855...
Ithaca* Athens 1st g <1, 7s.,’90
Junction 1st mort. 6s, ’82.,
do
2d inert. 6s, 1900
....
117*
:io
115
Lehigh Valley, lst,68,cp., 1898
80*
do
do reg., 189i... i22
do 21 m. 7s, reg., 1910.. 130
do
con. m., 68,rg.,1923
do
do
6s,♦ p.,19.8
Little ‘Schuylkill, 1st m. 7s,'82
N. O. FuC., ht in.. 6s. 1920 ...
North. Penn. 1st m. 6s, cp.,’85.
do
2d m. 7»,cp.,’96.
do gen. m. 7s, cp., 1903. 125
do gen. m. 7s, reg., 1908
do new loan ts, re.? . -
10)
124
....
....
Dll Creek 1st m. 7s, coup.,*82.
Plttab. Tltusv. ft B., 7s, cp./96 R4
....
....
•
145
174 U
ids
172
65
91*
33*
id?*
‘37*
37
pref
Fort Scott ft Gulf, pref
do
-.
100*
common.
13)
93
134
90
Iowa FalH ft Sioux Cl y
Little Rock ft Fort Smith ...
Manchester ft Lawrenee,...
Mar Hcngh. ft O t
Mar. Uoagh. ft O .t.. pref...
Nahsnaft cowell
New York ft New England...
88
90
x90
150
r.O
124
150
79
75
125
155
•
7s, R. C., ’.893*
7s, coup, off, ’9°
Phil.&R.Coal&lr’n deb.7s,92*
do
deb. 7s. cps.off
do mort., 7b, 1892-3
Phlla. Wllra.ft Balt.6s,’84
ao conv.
80
do
'
Bgdensb.ft L.Champlain
5394
...
pref..
do
l&H
Old Colony
Portland Saco ft Portsmouth 110
14094
Pullman Palace Car
31
Rutland, preferred.
Beach & Lynn
Tol. Del. ft Bur
Ve mont & Massachusetts..
Worcester ft Nashua
Wiscon In Cent al
do
pief
...
::::
17*
IWi
29*
‘3*d
STATE AND CITY BONDS.
Penna. 5s, g’d, int..reg. or cp.
do
5s, reg., U82-1332
do
5s,new, reg.,isy2-iw.
do
68,10-15, reg.,li77-’82.
do
6s, 15-25, reg.. f 882—*92.
do
4b. reg., 18S4-1904
Philadelphia,5s reg..
118*
ib*5
*««•
•••
18
*2*4
24*
36
pref
21* 22
do
pref
do
new pref
Delaware ft Bound Brook....
East Pennsylvania
Elmira ft Williamsport.......
do
pref..
do
Har. P. Mt. Joy ft Lancaster.
.
50*
pref.
1st m.
137*
122
•
•
•
a
•
•
•
10*9
ids
do
pref
Pennsylvania
Sobuylklll Navigation
•
•
• ♦
•
•
•
•
..
RAILROAD
‘14*
pref...
Susquehanna
RAILROAD BONDS.
Allegheny Vai.,7 3-108,1396...
do
7s, E. ext., 1910
do
Inc.7s, end..’94
120
320
125* |
58
Belvldere Dels. 1st ra.,6s,1902. 129
bo
2dm. 6b.’83..
do
31 ra. 6s, ’47..
Camden ftAmboy 6s,coup,’6fl li>0
do
6s, coup., ’89
do
mort. 6s. ’89
114
Cam. ft Atl. 1st ra. 7s. g., 1^93
do
21m. cor. 7s, t‘76..
Cam. ft Burlington Co. 68/97.
Catawissa 1st, *s. conv., ’82...
....
1 Per thare.
• ••
•
MS
1
«
*•••
*04
*01
*125
99J4
30
101«
10M
iio
125
130
110*
110*
BALTIMORE.
• •
....
•
119
105*
100
....
•
129*
92
Chesap. ft Dela. 1st 6s, rg.,’8G
Delaware Division 6s, cp.,^8.
;O0*
Lehigh Navlga. nl.t'6s, reg./84 lit)
do
mort. RR., rg ,’97
01* 01*
Maryland 6s, defense, J.ft J..
50
do
6s, exempt, 1887....
62
lilnehlll
do
6p, 1890, quarterly..
58*
Nesquehoulng Valley
do
5s, quarterly
Norristown
••
109*
Baltimore 6s, iSSL quarterly
Norfolk ft Western, pref
do
6s, .886, J.ft J
do
do
com....
do
6s, 1890, quarterly...
North Pennsylvania
do
6s, park, 1390,Q.—M.
65*
Pennsylvania
do
68, 1893, M. ft S
24
27
Philadelphia ft Erie
do
6s,exempt/9S,M.ftS
Puiladelphla ft Read ng
do
6s, 1900, Q—J
Philadelphia ft Trenton....... hio 200
do
6s. 1902, J. AJ
Fhila.Wflming. ft Baltimore,
do
5?, 19^6, new
et. Paul ft DuluthR.K. Com
Norfolk water,8s....
do
do
pref.
RAILROAD STOCKS.. Par.
195
i«9*
United N. J. Companies
Balt, ft Ohio
100
West Chester consol, pref....
1st pref
oo
36
West Jersev
do
2d pref
We-t Jersey ft At antfc
do
Wash. Branch.100
CANAL STOCKS.
do
Parkerab’g Br. .50
Chesapeake ft Delaware
Northern Central......
.50
*4*7*
Delaware Division
Western Maryland
5r
40
Lehigh Navigation....#.,...
Central Ohio
50
Mo IT lB..................
Plttaonrg ft ConnellsvtUe..5!
•
130
Pennsylvania 6s, coup-, 7910.. 105
Jchuylk. Nav.lst m.6s.rg./97.
do
2d m. 6s. reg., 1907
Lehigh Valley
Little Schuylkill
im default.
125
7a,’99
do m. couv. g., reg./94
do mort. gold, ’97—
do cons. ra.7s,rg.f19t!
Morris, boat loan, reg., 1885..
15
24
Huntingdon* Broad Top...
*
92*
....
do
con*. 6s, 1909 ....
W. Jer ey ft At .l:tm Ss, cp. 110*
110
Western Penn. RR. 6s,cp.V).
in.
do
6s P.B.,’%.
CANAL BONDS.
28
Cutawlssa
<k>
do
112
do
•
....
*.*.!
Pltts.Cln.&St. L. 7s, cou.,lS0G
do
do
7*, reg., 19 ti
R’ch.ft Danv.coa3.lnt.tKl9 5
Shamokm V.& Pottsv. 7s, 1901 1-0
Stcnbenv. ft Ind. 1st, 6s, 1884.
Stony Creek 1st m. 7a 1907...
95
Sunb. Haz. & W.,lst m.,5s/2L
do
2dm.6i. 9)3.. 35
Sunbury ft Erie 1 st in. 7a, ’97..
lnc.&l. gr.,7s 1915
Union* Tltusv. 1st in. 7s. *90.
United N. J. cons. m. 6s,’94.
Warren ft F. 1st m.7s, ’96....
West Chester cons. 7s, ’91....
West Jersey 6s,deb,,coup.,’8o 100
do
1st m. 6s, cp.,’96.
....
9?
Buffalo61?tt£ &7WestVrn!!
pref.
jed
do
•
do 6s,n.,rg.,prlor to
do 4a, various
RAILROAD STOCKS. J
....
•yra.Gen.ft ComV,lRt,7s,1905 110
Texas & Pac. 1st m ,6s, g..l905
do
So G-ande D v..
105
do
cons. m..6e,g.,1905
PHILADELPHIA.
do
123
in* ‘ea*
110
Northern of N. Hair pihlri... 109*
163
Norwich & Worcester
do
••
po
do
5s,’9‘20
Phlla. Newt’s ft n.Y.. 1st m.
Phil.* R. 1st m.6s,ex.due 19 0
do
do
1910 120
do
2d m.. 7s, cp.,93. 131
125
do
oons. m..78,cp., 19.1 Li.7
do
do
ieg.,M.
127*
do ron«.m.fH,g.lrtul9ll
do lm;>.m.,6*,g„ 0.18sl
do gen. m. 6. g.,C.lfO .
90*
do In. m..7s,toup.,^95.
do d <b. coun , 1-98’ —
r o
50*
do
c up. off, U9J
*73
do rcrip, 188i
...
xv51
Fitchburg
Flint ft Pere Marq
5i
o
(0
icd
Penn. Co ,6s. reg
Perklomen 1st m.68,coup./8.
Phlla. ft Erie 2d m. 7s, cp./38 120
do
cons. mort.6s. 920
ioo
102
Conn, ft Passumpslc
-. .
51*
Eastern (Mass.)
Eastern (New Hampshire)...
do
•••
Scrip
....
17*5
lOb^
Cheshire preferred
Chi \ & W. Michigan
Cln. Sandusky ft Clev
Concord
Connecticut River
ao
do
Pa.ft N.Y.C.ft RR.78,’896
128
do
1900
Pennsylv.,gen. m. 6s, cp.. 1910 128
do
gen. m. 6s, rg.,1910. 128
do
cons. m. 6-*, rg., 1905.
do
cons.rn.6s.cp., 1905.
8TOCK8.
Atchieon & Topeka
Camden ft Atlantic
•
....
Boston ft Albany
Boston ftLowel?
Boston ft Maine. .
Boston ft Providence
t evere
•
ioo*
Ogilensburg & Lake Ch.6i
c o
Inc
75*
Old Colony,7s..
....
OM Colony, 6s
122
122*
Pueblo ft Ark. Valley, 7b
Rutland 6s,1st mort
Vermont & Mass. RR., 6s
Vermont ft Canada, new 8s..
do
•
....
...
....
120
....
Kan. City. St. Jo.&C. B. is. . 123*
120
Little K’k ft Ft. Smith,7b,1st 118
1’9*
New York ft New Eng. 6s.... 112
123*
do
7s
122*
New Mexico ft So. Pac. 7*...
108
120
50
45
!05
’78
3* Feb..
1* Ap>\,
7
0
Bid.
98
Fassumpsic, 7*. laVt.
Sastcrn, Mass., 4>$s, new. ... iod*
Fitchburg KR., 6s
do
7s
Fort Scott & Gulf 7s
90
Hartford ft Eiii7s
Tt. Cltv Lawrence ft So. 4s... 108
no
125
Feb.
127
wonn. at
70
no
Apr., *81 110
2* Aug., ’80
..
Chicago Burl. & Quincy 4*...
^
iid
Delaware mort.. 6s. various..
Del. ft Bound Br., 1st, 7s. 1905 124*
East Penn. 1st mort. 7e. *88
El.ft W’msport, 1st m.,7s,’80. 115
do
100
5s,perp
Harrisburg 1st mor*. 6s, *83...
127* 128
Albany 7s
.
Connecting 6s, 1900-1904
Chartlers Val., lstm.7s.C.,t901
.........
H. Prentiss,Broker, 17 W^ll Street.]
1
Jersey City ft Hoboken
«
35
100
100
100
50
25
25
100
20
50
50
50
100
25
50
100
100
25
25
25
10
50
North River...
Pacific
Park
Peter Cooper..
162
Brooklyn Gas Light Co
Citizens ’Gas Co (Bklvn)
do
bonds
do
37*
Niagara
Gas Companies.
Nassau,
(B’klyn)
M&nufac’ra’ft Build.
Manhattan
Mech. & Traders’...
Catawlssa.chat. m., 10s, *88
< o
new 7s 1900
....
6s
do
Boston ft Lowell 7s
do
6s
boston ft Providence 7».
burl, ft Mo., land grant 7b... . 119
do
Nebr. 68
Ex 115
do
Nebr. 6«
LUtt
170
100
115
200
220
2L’0
If)1)
!25
133
K0
100
225
215
67
100
120
68
110
118
180
ICO
118
270
05
140
100
80
155
123
U5
75
130
200
05
no
60
70
112
65
145
108
100
150
85
City Railroad Stocks and Bonds.
[Gaz Quotations Dy
do
—
Importers’ St Tr’d’rs
Irving
Mount Morris*
Murray Hill*
.
Eagle
Empire (ity
Exchange
Furragut
150
PO
City*
50
100
25
25
17
20
70
100
30
50
100
40
100
30
50
17
10
100
100
50
50
25
100
15
50
50
100
50
50
100
30
20
40
60
100
25
50
25
100.
100
25
50
50
50
50
50
American
American Exchange
100
50
Irving
Island
Bid. Ask.
uoston ft
Am.
_
Ask.
Bid. Ask.
SECURITIES.
BOSTON.
Par.
Companies.
Bid.
Ask.
itch, ft Tcpeka 1st m.7s
do
land grant7e i*24
do
land lnc. 8s..
Boston ft Maine 7s
127*
Price.
Par.
not National.
.
Street.]
Price.
Companies.
Bid
SECURITIES.
[Quotations by E. 8. Bailey, Broker,
iio*
....
ns
....
1-3J4 1*0
200
126
124
20)
12
56
210
17^
48x
BONDS.
Balt, ft Ohio 6s, 1885,A.&O. ..19
N. W. Va. 3d m.,guar.,’85,J*J
Plttsb.ft Conneirsv/iB,’98»JtJ
Northern Central 6s, ’85-, JAJ 110*
106*
...
do
68.1900, A.ftO. 117*
do 6s, gld,1900, J.& J
Cen. Ohio 6s, 1st m./90,M.& 8. 114
W. Md. 6s, 1st m.,gr’90,J.&J. I14*
do
1st m., 1890, J. ft J...."
do
2d m.,guar., J.ft J....
do
2d m.,pref
do 2d m.,gr. by W.Co.Jft J
do 6s. 3d m.,
in., guar.,
guar.. J.ft J.
Mar. ft Cln. 7s, *92, F. ft A ... 124
164*
do
.2d, M. ft N
91« 62
c2 * 62*
do
S«,3d, J.ft J
1 Union RR. 1st, guar., J.ft J..
do
Canton er»dor«*»<i.
;un*
condition of the Associated Banks of New York City for the
week ending at the commencement of business on June 18/
includes the gross earnings of all railroads from which
be obtained. The columns under the heading
“Jan. 1 to latest date” furnish the gross earnings from Jan. 1
to, and including, the period mentioned in the second column:
ment
1881:
returns can
/—Latest earnings
Week
or
Mo.
Ala.Gt. Southern.May
1880.
$52,307
$45,344
60,379
499,200
137,670
Illinois Cen. (Ill.). May
(Iowa). May
Indiana Bl. A W. .2d wk June
Do
22,281
17,159
Do OhioDiv.2d wk June
Ind. Dec. A 8p...May
Int. A Gt. North.. 2d wk June
Iowa Central
May
K. C. Ft. 8.A Gulf.3 wbs May
35,123
39.797
74,067
70,319
26,448
Lake Erie A *Vest.2dwk Juno
Louisv. A Nashv.2dwk June
88,240
900.586
154,550
6,779,742
692,282
649,231
485.111
524,102
6,588,000
8,222,956
1,494,328
5,15 • ,866
1.269,032
410.545
341.434
879,930
883,461
628,194
425, >69
387,696
$
3,107.221
1,718.404
192,529
971,731
401,863
390,748
853,872
820,679
People’s
Irving
Metropolitan....
3.257,331
Citizens’..
2,395,931
2,190,665
Nassau
911,148
52,200
1,040.724
Market
St. Nicholas......
Shoe & Leather..
39,286
Corn Exchange..
Continental
Oriental
Marine
1,359,375
2,351,561
670,738
13,843
531,646
542,513
4,629,709
534,928
;3,594
104,591
5,814
224,474
12,565
295,247
Park
Mech. Bkg. Ass’n
North River
East River
Fourth National.
Central Nat
Second Nation’l.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
662,411
419,035
402,235
3,385,68 L
467,697
88.015
175,569
209,043
Bowery National
N. York County..
Germ’n Americ’n
Chase National..
Fifth Avenue....
German Exch.
Germania
60.576
87,924
384,483
976,831
924,674
7,366,426
6,425,520
1,003,522
1,724,100
131,407
329,788
832.402
2.174,579
1,796,597
1,130,566
855,494
1,395,252
1,191,500
220,109
157,007
158.839
2,854,835
1,643,151
183,701
412,870
58,058
891,852
..
880,550
U, 8. Nat
7,765,679
5,836.708
Total
861,374
1,470,665
5,984
9,562
St. L. Iron Mt. A 8.2d wk June
St.L. A San Fran. 3d wk June
6t.P.Minn. A -Vlan. 3d wk June
Scioto Valley
2d wk June
South Carolina. ..March
Southern Paci flc. M ay
Texas A Pacific
2d wk June
56,886
rol. Delp. A Burl.lstwk J’ue
7,272
Union Pacific ....20djrs J’nel,1704,083
10,868
92,084
41,700
55,300
5,414
94,594
*
342,924
3,104,744
1,389,919
1,824,813
144,950
.
366,796
'2,015,300
35,230 1,497,556
..
“
2,441,004
1,068.488
1,372,159
123,950
332,818
...317,139,100
19...,320.807,300
26 ...318.584.400
Mar.
5....293,4S5,400
12....296.252,900
“
1,060,308
“
“
63,426
May
"
M
M
June
*•
“
“
20...
21...
22...
23...
24...
854,572 95
1,116.740 58
1,075,309 20
9,046,001 79
$
$
1,219,632 95
1,679,091 00
1,061,197 40
76,135,731 28
$
6,511,439 96
79,051,211 22
78,834,195 87
6,135,757 37
6,232,598 29
**
758.935 06
78.899.930 35
6,262,500 83
May
898,207 99
691,070 52
79,042,725 03
79,287,651 94
6,338,238 74
6,477,350 51
6,308,134 92
Napoleons
3
XX Reiclimark8. 4
X Guilders
3
Span'll Doubloons. 15
Mex. Doubloons.. 15
Fine silver bars
1
Fine gold bars
Dimes A
dimes. —
..
82
®
3 86
72 ® 4
92 ® 3
55 ®15
50 ®15
11^2) 1
par
99 *2©
76
98
75
60
12*4
preui.
par
Five francs
Mexican dollars..
Do uncommercT.
Apr.
4
K
English silver
....
Prus. silv. thalers.
U. S. trade dollars
U. S. silver dollars
coins:
par.
92
®
—
94
—
SS^s®
—
89>2
—
86
—
89
4 72
—
—
—
*® 4 80
— 69
— 9938
997s® par.
68 ®
99*4®
-The attention of holders of stock and bonds of the Mobile
& Alabama Grand Trunk Railroad is caUed to the notice in onr
-
advertising columns, that the Farmers’ Loan & Trust Company
i8 now receiving such stock and bonds in pursuance of the re¬
organization plan. Parties have until July 1,18S1, to pay snch
assessments in order to comply with the plan as provided in
the
reorganization agreement.
1,018.000
928,600
194.000
17.400
5.649.600
6,050,500
428.900
217.600
672.100
2.033.000
8,042.300
873,000
1.443.700
2.537,000
5.648.000
3.222.000
1.439,000
3.00!.500
097.000
039.500
93,900
351,000
357.600
1.272.800
639.400
1,026,000
8.429.800
12,470.000
20.121.400
4.342.200
6.399.800
2.864.400
3.393.600
3.457.300
1.603.800
2.995.800
9,033.100
100.100
224.400
69.200
283,000
116,000
113.800
422.300
134.000
312,100
9.200
156.80C
929.700
30.700
138.300
3.914.300
878.400
1,151,000
1,891,000
594.1100
290.000
591.700
744.900
403.400
97.900
113.500
1.150.300
3.258,100
1.815.400
201,700
1.214.300
8.243.200
764.100
1.870.200
1,287,803
1,125.000
45,000
5,400
797,Y00
432.100
2.250,000
269.100
2.392.300
2.439.300
2.340.300
3,900
450,000
448.300
1.843.600
450,000
3.743,0uo
2.559.000
4,600
9.885.000
1.972.800
4.097.000
24,084.300
780.300
45.000
1,083,400
45,000
1,012.500 21.786.200
1.035.500
29.000
21.100
391.500
833.390
453.400
23,400
74,300
990.000
3^0,000
!4,986.000
268,000
102.400
3,105.000
6,004.300
10.875.900
5,900.109
1.417,000
1,538.000
1.435.000
2,649.80
4.437.600
1.092,700
2,944,000
271,000
4.033,000
20.09 2.2')0
10,151.000
2,700
471.100
35.8Q0
2.403.200
102.300
208.300
183.100
229.400
94.400
170,000
938.300
264.100
808.009
454.400
63.500
213.1(X
53.000
171,000
164,00 1
75,000
716.400
1,026,900
223,600
847.100
19.852,500
10,657.000
310,000
1,287,000
8.026.000
6.214.600
18.542.200
6.840.200
1.111.600
1.434.400
1.744.600
45,000
587,900
443.200
208,800
225.000
180,000
2.464. J00
4.733.000
2 015 5i;0
91&0
1.334.600
1.407.800
3.197.100
446.200
344,307,600119.803,30
*928,300 | Net deposits
1,291,800 [ Circulation
161,000 l
a
Deposits.
05,103,500
15,636,100
66.484,100
60,244,100
67.603.700
07,800,600
05.849,000
58.0.'4.200
54,894,100
55.808,000
59.552.000
57,663,900
10.395,600
17,287,900
15,917,500
15,510,000
14.887.200
15,043,000
13,289,200
12,400.000
la,241,200
12,934.500
292,370,800
203,931,900
302.512,300
317,037,200
307,924, 00
307.718,100
12,710,500
12,472.700
13,4*28,600
00.804.200 14,413,200
69,289,400 15.784.700
73,340.500 10,024,600
70,387,700 17,134,100
80,518.500 17,873.000
79.131,800 18.013,800
76,052,100 13,325,800
76.992,800 13,313,800
0tf.Kl9.300
“
.
ii
146.289.900
146.129.200
140,037,100
147.667.400
149.674.900
150.336.500
150,124.100
151,004,400
152.846,300
150.290.400
2..
a
“
16.7
“
23..
30.,
June 6..
13..
“
20..
*
Specie.
5,700,100
5.842,300
3.840.200
5,007,100
145,529,000
146,114,000
147.551.200
153.957.500
,
$1,335,600
69,200
series of weeks pa3t:
s
Loans. "
S
Dec.
Inc.
the totals of the New York City Clearing
I
..
11..
18..
23..
1
—
®
112.000
L. Tenders.
4....341.694,900
.347.494.900
••
Coins.—The following are quotations in gold for various
Silver *43 and *fls. — 99 3i®
Sovereigns
$4 85 ®$4 88
1.016,000
18....346,566,60S 75,011,000
1881.
Mar. 21..
“
28..
M
Total......
236,300
18,474,300
0,084,600
0,592,000
0.043,200
6.744.400
6.843.400
6.678.700
7.503.700
7.904.200
7,855.900
8,2-10,100
18,425,000 1179,899.303
18.345.500 1224,948,188
18,330,700 935.459,473
13.363.300 1042,395,915
18.352.300 947,812,074
18,251,590 1105,462,825
10,181,690 1143,978.045
15.448.500 1241.030.579
15.460.100 1020.907.903
15.771.100 812,503,681
10,030.500 774,684.705
16.713.500 950,446.299
10.709,000 815,034,482
10.860.200 724,179.359
17.217.400 978.263,380
13.600.100 879.862.835
18.664.200 1144.470,789
the totals of the Boston
Deposits.* Circulation. Aw. Clear.
L. Teniers.
S
2.532.300
2.793.700
2,67*1,000
2.4S8,‘100
2,434.400
2.769.100
3.027,700
3.117.300
3.059,100
2,938,200
3.294.700
3.380.100
3.328,500
3 174,500
Circulation. Ajg. Clear
296,517,300
274,442.000
271,003,800
277,931,600
275.580.500
275,495,400
282,783,500
288,821,100
292.653.000
294.536,300
305,033,900
310,818,400 18,596,900 1 078.352.005
320,011.700 19.135.300 1212.647.632
332.132,800 19.301.200 1193.720.141
339,543,0)0 19.263.300 919,391.800
345.043,200 19.236.100 978.180,859
344.307,600 19.305.300 1019,215,09
Boston Banks.—The following are
banks for a series of weeks past:
Currency.
.
7853200
1.600.500
*
7....310,^50.000
14....317,730,900
21....324,192,800
28....332,025,700
11
“
Balances.
“
2 504.300
01,500
118.000
186,100
194.500
51.400
131.800
576,000
717.300
218.400
Specie.
10....306,383.400
23....305,717,600
“
“
477,000
3.821,700
196.300
19....300,177,300
26....300,622,000
April 2 ...300,28^,109 57.611,000
9....305.244.400 00,129.600
“
Sub-Treasury.—The following table show3 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:
June 18...
are
“
u
U. S.
$
839,527 44
4,218,888 35
940,963 27
following
12
“
“
Coin.
785.300
1.370.100
14.022.000
353.800
18.518.000
965.300
lac.
Feb.
319,464 5,569,983 5,791,380
Payments.
2.001.600
1.100
267,000
883.300
l3.83tJ.000 6,042,000
433.500
2.140.10C
198,000
2.765.300
399.500
2.853.200
398.400
2.205.400
086,000
3.590.000
210,000
4,140.000
8.976,700 2.203.400
26.000
2.052,600
906,000
3.400.000
21,392,600 6.764 000
Legal tenders
29....310,682,200
569,861
237,653
Including St. Paul A Sioux City lines,
Receipts.
360,000
376.500
8.905.500
3,075,3/JO
Dec.
.
Including Selma Rome A Dalton.
r
7.384.600
7,291,000
4.594.500
8.729.400
3,952.000
12,042,100
400,000
951.300
3.068.100
1.022,400
3.523.900
14.640.000
18.969,400
Dec.
1881.
*
Jan. 15., .302,804,300
22 ...307,839,600
1,288,417
46,930
5.621.800
*1.375,20) P40,566,6)' 75,611,000 18.474,300
Loans.
2,715
360,988
Wab. St.L.A Pac. 2d wk June
Wisconsin Cent...3 wks Mar.
660,061
23,076
27,553
12,970
.120,600
58,300
91,000
10,127
130,841
508,000
495,000
10,386.000
4,434 600
1.635.900
3.982.600
Specie
The
„...
(brchs).2d wk June
3.163.900
1,788.'<>00
14.13Ji.10G
House Banks’ returns for
3,856,897 3,417,916 17,746,402 16,212,595
254.490
353.712
Peoria Dec. A Ev.2d wk June
9,891
11,863
Philadel. A Erie..April
293,323 334,947 1,028,700 1,132,304
Phlla. A Reading. May.
.1,688,802 1,457,881
Do
810.000
10,030.900
Loans and discounts
May...
St.L.Alt.AT.H. ..2dwkJune
1,135.000
3.142.400
401,000
282,000
3.88J.V00
1.157.800
1,350.000
Circula¬
tion.
The deviations from returns of previous week are as follows :
768,750
....—
327.517
419,600
,
Importers’ & Tr..
514,556
1.827.700
3.762.000
8.375.400
8.002.000
5.002.500
412,500
700,000
1,000,000
500,000
3,000.000
600,000
1,000,000
500,000
500,000
500,000
1,000,000
1,000,000
300,000
400,000
1,500,000
2,000,000
500,000
240,000
250,000
3,200,000
2,000,000
300,000
750,000
500,000
1,000,000
300,000
250,000
200,000
750,000
300,000
100,000
200,000
200,000
500,000
North America..
Hanover
63,577
129,249
5.3164092
Paciflc
3,473,119
181,994
23.537
450.000
Mercantile
676,875
1,615,912
2.317,113
581,538
533,112
51.562
Chatham
Broadway
121,694
465,899
435,074
377.659
764,195
499,233
Republic
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’l
Butchers’&Drov.
Mechanics’ A Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce
7,942.021
10.730.900
%
203,000
329,000
743.U0C
531,000
527.800
408.800
80.000
340,000
b9,500
138.500
305.300
2,000,000
2,000,000
Tradesmen’s
Tenders.
$
2,242.000
1,139,000
6.068.500
1,200,000
Net dept’s
other
than U. S.
Legal
Specie.
10.713,000
2,050,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
300,000
200,000
200,000
600,000
300,000
800,000
5,000,000
5,000,000
1,000,000
1,000,000
422,700
1,500,000
City
6,067,022
2.3S6.829
136,193
Loans and
discounts
2,000,000
New York
Manhattan Co...
Merchants
Mechanics’
Union
America
Phoenix.
1,044,782
183,675
1,051,273
145,416
Pad. AEiizabetht.lRt wk J’ne
86.205
885,811
180,420
8,707,133
1,054,988
2,878.161
5,335,289
20.677
146,100
Oreg’n R. Nav.Co.May
$245,145
14,867
26,314
199.600
20,158
Memp. A Chari... 2d wk June
4,235
Memp. Pad. A No.2d wk June
11,194
Mil.L. Sli.A West.3d wk Juno
24,994
Minn. A St. Louis.3d wk May
94,639
Mo. Kans. A Tex. 1st wk J’ne
Missouri Pacific .lstwk J’ne 137,486
Mobile A Ohio
May
Nashv. Ch.A St.L.May
164,430
N.Y. Cent. A Hud March
2,668,250
N.Y. L. Erie A W. April
1,709,057
N.Y. A N. Engl’d.May
215,271
N. Y. N.H.AHart.April
457,680
N. Y. Pa. A Ohio..April
471,973
Norfolk A West... May
145,202
Northern Central. May
465,538
Northern Pacific .3d wk June
98,764
6,148
Ohio Southern
2d wk June
$292,887
1,770.757
49,837
524.739
140.381
26,940
Capital.
1880.
1881.
Atch.Top.A8.Fe.May
1,066,000 678,000
Bost.A N.Y. Air-L. April
22,884
23,069
50,260
Bur.C.Rap.ANo..2dwk June
35,519
Cairo & St. Louis. 1 st wk J’ne
9,050
9,714
Central Pacific...May
2,068,000 1,778,487
May
dies. A Ohio
252,235 199.444
Chicago A Alton .2d wk June 137,328
142,125
1,574,371 1,489.894
Chic. Burl. A Q...April
33,794
Chie. A East. Ill. .2d wk June
19,843
Chic.AG.Trk.Wk.tndJune 18
31,153
21,535
Chic. Mil. A 8t. P.3dwk June 391,000 185,343
Chic. A Northw..3dwk June 529,000
364,000
50.329
*Clii.St.P.MinA0.3d wk June
86,916
17,869
13,81S
Chic. A W. Mich.. 1st wk J’ne
Cin. Ind.St. L.AO.May
186,995 188,804
Cincinnati South.April r
173,929
16,772
Cin. A Spring!. ..2dwk June
19.321
80,042
Clev. Col. Cin. A 1.2d wk Juno
89,333
8,245
Clev. Mt.V. A Del.2d wk Juno
7,916
70,335
Denver A Rio Gr 3d wk June 156,842
6,014
DesM.AFt.Dodsfe.2dwk June.
7.529
91,092
Det. Bans. A No ..May
116,005
19,725
DubuqueA8.City.l8t wk J’ne
23,769
175,345
Eastern
February.. 192,165
26.536
iEastTenn.V.A G.1st wk J’ne
29,554
29,241
Flint A Pore Mar. 2d wk Juno
38,215
7S.616
Gal.Har.A Sau A.May
80.032
181,138
Grand Trunk. Wk.end.Apr.30 215,296
89,146
Gr*t Western. Wk.end. J’ne 17
86,973
4.460
9r*n Bay A Minn.2d wk June
8,110
41,783
43,144
HannibalASt. Jo.2dwk June
6.633
Houst.E.AW.Tex.May
11,708
Honst. A Texas C.2d wk June
Average amount of
Banks.
reported—* r-Jan. 1 to latest date.-*
1881.
Banks.—The following* statement shows the
New York City
Railroad Earnings.—-The latest railroad earnings and the
totals from Jan. 1 t-o latest dates are driven below. The state
Pennsylvania
683
THE CHRONICLE.
28, 1881.]
S
85,063,900
85,403,100
83.828.900
86,959,800
88.689.300
90.124.300
91.451.900
95.954.900
90.911.700
98.513.900
101,051,500
106.244.700
100,751,500
111.583.700
ft
23.875.900
29.975.500
30,135,800
30.282.700
80,404,400
30,024,500
30,022,000
30,790,000
30.933.900
30,997,100
30.470.500
69,634,123
68,840.822
69,090,257
70.403.791
79.105.341
77,503,234
80,149,257
95,227,624
85.406.247
92.454.596
30.089,000
00,881,371
92,862,8x8
87,608,568
30,715,200
83,981,803
80.822.700
Including the item “ due to other banks.”
Philadelphia Banks.—The totals of the Philadelphia banks
are as
follows:
1881.
Mar. 21...
••
23...
Apr. 4
11...
“
18...,
“
25...
.
May
“
2...,
9...
10...
”
23...
*•
30..
June 0...
•*
13...
“
**
2)7..
Loans.
*
70,563.874
", 0.176.265
70,200,085
71,181.796
72,305.701
73,435,827
74.253,494
75,10-1,008
74.801.5T5
74,542,079
76.612.501
70,471,207
77,951,686
L. Tenders.
ft
17,633.097
17.530.152
17,573,373
18.035.372
18,914,003
19.281.038
19,000,525
18.000,81 1
19.451,146
Deposits.
Circulation,
ft
01.900.176
61.173,413
9.996.283
47.595.115
10,006,700
45.289.306
53340,456
48.057.387
44 097.129
54.860,074
62.456.355
03,771.480
67,659,350
67,3)1,923
68,375,035
0?,027,309
08.000.105
70,497.531
71.538.093
10,105,592
10.145,1*28
10.131.9Sl
10,123,556
10,204,396
10,473.543
23.250.367
74.033,519
10.334.185
10,219.03)
10,‘237,410
10 213 210
10.470.00 1
21.920,180
74,501,779
10.473,674
21.210,584
23.1', 4.3'3
23.7 0,053
Agg. Clear.
ft
74,912,614
46.155.649
56.075.475
51.5S2.027
50.165.828
52.214.658
55.429.648
62.579.680
69,077,948
684
rHE CHRONICLE.
%nucst meats
A. HD
STATE, CITY AND CORPORATION FINANCES.
The Investors’ Supplement contains
Funded Debt of States and Cities and
complete exhibit of the
of the Stocks and Bonds
of Railroads and other C)mpanies. It it published on-the last
Saturday of every other month—viz., February, Apmly Jane,
August, October and December, and is famished without extra
charge to all regular subscribers of the Chronicle. Single
copies
are sold at $2 per
copy.
ANNUAL
a
REPORTS.
Chicago Rock Island & Pacific Railway.
(For the year ending March 31,1881.)
The an: ua’ report just issued states that “ on the
second day
of June, 1.80 .he Chicago Rock Island & Pacific Rail
road Com¬
pany, by v\ te of its .stockholders, was consolidated with other
railroad companies owning or
leasing lines of
States of Iowa and Missouri, and became the railway in the
Chicago Rock
Island & Pacific Rail way
Company, and this, the first annual
report, is respectfully submitted.
Where comparisons are made in this
report with earnings,
rates, mileage, &c., of previous years, it is with the
aggregate
earnings, rates, mileage, &c., of all the roads that entered into
$331,995. The taxes paid (on land unsold, November
1, 1880),
were $24,687.
The remittances from sales and
collections
to
the Treasurer of the
company ,at New York amounted to
$490,000. There remained unsold on April 1, 1881, of the
certified, 125,145 acres. This exact number is liable to lands
change as to a few pieces, to which opposing claims are some
made;
and there will be a few tracts to be-certified in
the future by the
United States.
“
The
recent decision of
the Supreme Court of the
United
affirming this company’s title against
attempting
‘homesteaders,’ will enable this office, it is hoped,
speedily to
settle with the
States,
occupants of its land, and has put an end to a
in times past has
embarrassed the operations of the department in
tedious and
bitterly-fought claim, which
seriously
making sales.”
The statistics of operations and financial
condition in the past
four years, compiled in the usual
complete form for the Chron¬
icle, are as follows
.
making
total of 1,311 miles.
Since that date branch
railways have been completed and
operated as follows:
a
“
From
From
From
From
Avoca to CarsoH
17*50
Lewis to Griswold
6 00
Menlo to Guthrie Centre... 14 60
Mt. Zion to Keoaauqua
4 50
miles since October 1.
miles since September 13.
miles since August 1.
miles since October 1*
:
ROAD AND
1879.
1,003
Locomotives
*
Pass., mail A exp. cars
1881.
1,353
259
147
276
157
5,557
290
166
6,161
607
633
6,975
659
121
cars
All other cars
4,353
523
1880.
1,311
1,23 L
230
Freight
*
EQUIPMENT.
1878.
Miles owned & oper..
-
Keokuk & Des Moines Railroad leased in 187 8.
OPERATIONS AND FISCAL RESULTS.
“
the consolidation, It will be understood that
the operations
herein detailed include two months under the old
organizations
and ten months under the new
railway company.
“At date of consolidation, this
company became the owner of
1,038 miles of railway, and operated under leases 273 miles—
[Vol. XXXII.
Operations—
1878.
Passengers carried...
1,552,559
Passenger mileage... 62,098,473
Rate per pass. p. mile
1879.
1880.
1,500,900
62,811,574
2*974 ets.
1881.
1,905,118
82,610,900
2-974 ets.
2,085,605
93,769,305
2*806 ets.
2*666
ets.
Freight (tons) moved
i ,768,1 IS
2,236,269
2,966,764
3,376,259
Freight (tons) mil’ge.357,259,080 484.610,209 664,861,579
712,333,129
Av. rate p. tonp. mile
1*56 ets.
1*43 ets.
1-21 ets.
1*22
Earnings
Passenger
Freight
$
1,846,654
5,575,733
.*.'..
M ail,express,r’nt s, & c
7.890,613
Total
9,409,833
11,061,662
2,127,333
122,382
4,102,786
4,820,593
607,385
Miscellaneous*
611,879
2,318,452
8,035,165
708,045
$
1,549,403
690,237
2,316,552
264,316
1,245,186
..
42*60 miles.
$
-
$
1,868,028
0,929,926
468,226
Total gross earn’gs.
Opera ting expensesMamt. of way, &c.
Maint. of equipment..
Transport’ll exn’ses..
ets.
$
1
$
2,500,135
8,690,ISO
766,292
11,956,907
$
$
1,578,661
842,802
2,784,055
260,756
3,184,576
441,363
5,466,274
6,306,283
1,635,746
991.593
Making a total mileage of road operated at close of fiscal year Net earnings
3,788,327
4,589,335
5,595,333
5,650,6fi4
of 1,353*60 miles, equal to 1,678*6 miles of
P. c. of op. ex. to earn
52*93
51*22
49*41
single
track.”
53*03
The income account of the year,
as reported in the compara¬
’‘Includes
loss and damage goods,
tive table below, shows the
&c.; injuries to persons; cattle
following results:
killed, Ac.; repairs of telegraph; contingent
account; Missouri River
Net earnings of road
$5,326,752
Cask received from land department
Total net revenue
'
Received cask assets from Ckic. Hock Isl’d &
Pac. HR. Co..
From the above
For
For
For
For
“
sum
has been
on
a
few small items.
705,672
$322,136
bonded debt
949,703
dividend on stock
additions and improvements
2,727,387
2,285,689— 6,284,913
Surplus
The number of passengers carried,
INCOME ACCOUNT.
1878.
$5,816,752
$o,522,424
pai^—
rental at leased line*
interest
Bridge tolls, and
490,000
$237,511
llecripts—
$
3,788,327
5,257
Net earnings
Miscellaneous
Assets of sink’g fund.
From land departm’t
3,793,584
Interest
1,002,325
2
debt
Taxes
Dividends*
“
247,400
The
as
40,000
year,
*
quantity of freight moved increased over previous year
or nearly 14 per cent.
The average tonnage
409,495 tons,
$
25,000
1,678,384
compared with the Sinking fund
increased 180,187, or 9^ per cent. The move-, Legal expenses
ment of passengers one mile increased 13
Miscellaneous
per cent.
The aver¬ Add. and imp. acc’t..
age rate received per passenger per mile decreased from 2 806Balance, surplus
1,000 cents to 2 666-1,000 cents, or about 5
per cent. The gross
Total
earnings from passenger transportation increased nearly 8
per
cent.
previous
1880.
$
4,589,235
1881.
$
$
5,583,058
$
125,000
1,008,580
218,155
5,650,624
37,277
350,000
490,000
5,945,388
6,177,901
$
322,137
949,700
288,873
135,037
1,078,116
295,841
2,097,988
2,727,387
41,117
34,426
35,000
1557,148
108,500
2,202,121
3,793,584
15,5S8,058
p.
$
1,993,085
34.827
Dividends—1878, 8
'
5,595,388
998,823
Total income
1) isb ti rsem en Is—
Rentals paid
on
1879.
2,285,000
2,303,936 df. §430,196
5,954,388
6,177,901
c.;-1879, 9^
p. o.; 1880, 10 p. c.; 1881, 7*4
t This item represents Pacific Hotel stock and
bonds and $42,777
connecting railroad and other bonds, previously given in capital
movement increased 7 per cent.
and disappears from botli accounts in
The rate per ton per mile account,
+
following year.
In flic income account for tliis
increased from 1 21-100 to 1 22-100 cents.
year is given Iowa Southern & Mo.
The gross earniDgs •Northern stock, held in
trust—$4,230,696; but we do not include it.
from freight transportation increased 8
§ The deficit in balance is on tbe year’s operations
per cent.” * * *
“The condition of
inal surplus from the prior accumulated iucome of only; there is a nom¬
roadway and track has continued to
$238,202, against a
surplus March 31, 1880, of $8,571,433, the amount
improve from the increased use of ballast, improved
being reduced by
drainage,
to
capital
transferring
account
$7,903,038.
ana the substitution of
steel for iron rails. 10,327 tons of steel
have been used to replace iron rails and
charged to
expense, and 4,111 tons used or on hand for second operating
track and
new line.
Ten miles of the Keokuk & Des
Moines track, from
Des Moines to Altoona, has been relaid with
steel, and is now in
use as a second track—the trains
of two divisions thus
having
the advantage of a double track for that
distance. The main
line from Chicago to Council
Bluffs, with most of the second
track, is laid with steel. Two hundred and fifty miles has been
laid on the Southwestern division between
Wilton and Leaven¬
worth, and about fifty miles on the Keokuk & Des
Moines
Road, making in all about nine hundred miles of steel
rails in
use,”
REPORT OF LAN®
“
GENERAL BALANCE AT CLOSE OF EACH
FISCAL YEAR.
1878.
Assets—
RR., bldgs., equip.,Ac.
Stocks owned, cost
Bonds owned, cost
$
33,710,121
4,932,653
Materials, fuel, &e...
233,290
1,114,702
..
..
Miscellaneous items t
Total assets
Liabilities—
Stock,
common
Bds. (see Supplem’t)
Commis. sink’g fund.
Miscellaneous
Addit’n &
COMMISSIONER.
For the fiscal year ended March
31,1881, the conveyances
and contracts to convey lands
acquired under the land grant
acts of the United States amounted to
94,452 acres, for a total
consideration of $781,261. Of the
imp. acc’t:
Profit, bal. inc. acc’t.
Total liabilities
..
7,000
1879.
1880.
$
$
34,553,530 35,682,202
873,289 ? 0 o77 R71
223,000 5
255,681
275,408
1,335,050
1,221,297
1881.
$
56,227,120
*
4,786,504
219,233
757,996
39,997,766
37,240,550
39,556,578
61,990,853
$
$
$
$
20,979,800
9,998,000
716,429
7,505
20,979,900
20,979,900
41,960,000
10,000,000 +17,500,600
9,982,000
11,196 r
5,245
8,296,032
6,207,454
8,571,433
7,652
2,285,000
238,201
39,997.7C6
37,240,550
39,556,578
61,990,853
*
Includes $2,500,000 company’s 6 per cent bonds,
t Includes: Loans and cash in New York; due from Post
Office De¬
partment; cash, cash items and balances due from other
roads, in hands
of Treasurer at Chicago.
+
Includes $5,000,000 Chic. & Southwestern bonds
guaranteed.
above, 595 acres were merely
quit-claimed, there being opposiug titles under the
land
grant, for which $744 were received. The regularswamp
sales
thus
were 93,857 acres for
$780,517; the average price per acre
being nearly $8 31/2. This average is somewhat less than
last
year’s, notwithstanding the fact that prices were
generally and
GENERAL INVESTMENT NEWS.
considerably increased, and is due to a larger proportion of
the less desirable, and therefore
lower-priced, tracts having
Alabama New Orleans & Texas Pacific.—The
been disposed of. The amount received for
press cable
interest during the
year was $91,451.
The bilis receivable amounted on 31st of dispatches from London, June 18, reported : “ The prospectus
ha^ been issued of the Alabama New Orleans & Texas Pacific
March, 1881, to $1,535,621, an increase
during the year of Jnnotion Railway Company. The prospectus states that the
June 25,
685
THE CHRONICLE.
1881]
r
117 miles and the Ohio & West Virginia 83 miles. It is under¬
object of the company is to acquire a link which must eventu¬ stood that the new management will not change the present
ally connect the Atlantic cities with New Orleans, the Gulf of officials, and that M. M. Green will continue as President for
Mexico and the trans-Mississippi system of railroads. The first five
years. It was reported in Columbus that the Standard Oil
issue will be £150,000 in £10 ‘preferred shares, of which it is
Company
were the original movers fvho forced the Hocking
stated £100,000 are already taken.”
Valley managers to negotiate.
Cairo & St. Louis—St. Louis & Cairo.—A meeting of the
Houston & Texas Central.—The Boston Transcript says :
stockholders and directors of the St. Louis & Cairo Railroad
It is a fact that Jay Gould and his associates have purchased
Company was held at the company’s office in Chicago. The a
controlling interest in the Houston & Texas Central Railroad
entire stock of the company, $6,500,000, has been subscribed,
Company.”
and it is proposed to purchase the old Cairo & St. LOuis KailMacon & Brunswick.—In Atlanta, Georgia, June 17, the
road, complete and fully^equip the road, and also construct a
branch to the coal fields of Columbia. Mr. W. F. Whitehouse contract for building the Macon & Brunswick Extension from
was elected President, and Mr. L. M. Johnson, Vice-President.
Macon to Atlanta, 100 miles, was let to R. G. Houston & Co.,
“
Cairo & Vincennes—Wabash.—In London it is reported
that the Wabash Company has absorbed the Cairo & Vincennes
Kailway, giving their five per cent mortgage bonds in exchange
for the preferred stock of the Cairo line, and Wabash ordinary
stock for the ordinary stock of the Cairo & Vincennes. *
Chicago Pekin & Southwestern.—An appeal was taken
from the decree of Judge Drummond in the foreclosure case.
The petition of Solon Humphreys, President of the Wabash
and holder of 671 first-mortgage bonds, to be made a party to
the suit was refused, and he appealed.
An order was also entered, allowing the Farmers’ Loan &
Trust Company to take the depositions in New York of Solon
Humphreys, Moses Taylor, Percy R. Pyne and R. G. Rolston,
holders of 1,000 of the first-mortgage bonds, in order to prove
the ownership, and that a default has been made in the pay¬
ment of the interest due on the first-mortgage bonds Feb. 1,
1881.
the contractors who built the
Cincinnati Southern.
Elevated.—Earn¬
Manhattan—Metropolitan—New York
ings and expenses of the elevated railroad companies for the
eight months ending May 31, 1881, are reported in the New
York World, as follows :
NEW YORK ELEVATED.
Grose earnings
Less operating expenses,
$1,814,895
1,075,630
59 27-100
Net earnings
$739,256
*
104,000
Add—Transfers at Chatham Street
Use of
Total
Less eight
30,375
shops
$873,631
396,666
mouths’ interest on funded debt
$476,965
Profit
METROPOLITAN ELEVATED.
Gross earnings
Leas operating expenses,
$1,737,700
1,103,408
03 50-100
$634,301
circular to the stockholders Less—Transfer at Chatham Street
$104,000
Use of shops
30,375
says: “The Grand Rapids Newaygo & Lake Shore Railroad,
Eight months’interest on funded debt
490,180— 624,555
the Grand Haven Railroad and the Muskegon Lake Railroad
have now been secured in the interest of this company, and the
Profit
$9,746
way is therefore open to the extension of the Chicago & West
Equal to 22-100 dividend per annum on capital stock.
N. B.—The city taxes are not included'in these reports.
Michigan Railroad to direct natural outlets to the South, East
and West. As respects these outlets, the geographical position
Mexican National.—In Mexico, June 18, a trust deed was
of the Chicago & West Michigan Railroad is peculiarly favor¬
registered,
executed in New York by the Mexican National
able. By extending thirty-five miles South it can make con¬
nections with no less than seven lines, reaching all the more Railway & Construction companies, with Louis H. Meyer and
Andrew A. Green, trustees, for $7,500,000.
important interior lumber-consuming points. These lines are
the Indianapolis Peru & Chicago, the Lake Shore & Michigan
Missouri Kansas & Texas.—Following is a statement from
Southern, the Chicago & Grand Trunk, the Baltimore & Ohio, the N. Y. World respecting the issue of stock and bonds of
the Pittsburg Fort Wayne & Chicago, the Louisville New Albany the Missouri Kansas & Texas Railway Company on account of
& Chicago (being the Louisville & Nashville, northern exten¬ extensions and acquisitions in Texas, via :
Stock.
Bonds.
sion), and the Pittsburg Cincinnati & St. Louis, or Pan-Handle
Chicago & West Michigan.—A
system.
for this and other contemplated ex¬
roads above mentioned, new
equipments, depot ground at Grand Rapids, etc., etc., it is pro¬
posed to mortgage this property, its branches and extensions,
at a rate not exceeding $12,000 per mile, with the power to issue
bonds under such mortgage bearing interest at 5 per cent per
“
To
provide the
means
tensions, the purchase of the
and having forty years to run ; enougn of said bonds
to be reserved to retire all the existing incumbrances upon any
portion of the road and branches, amounting to $1,256,000.
It is proposed to issue, at present, bonds to the amount of
$2,050,000, and to offer the same to the stockholders of the
Chicago & West Michigan Railroad Company upon the follow¬
ing terms: Each holder of 30 shares of the C. & W. M. RR.
stock to be entitled to take a $1,000 first mortgage 40 years 5
per cent bond (of this company or of its successor), at 95 per cent.
“The bonds of $1,000 each (with semi-annual coupons) will
be issued as soon as the details can be arranged and legal papers
prepared.”
Cincinnati Southern.—Advertisements appear in the Cin¬
cinnati papers for bids for the lease for a term of 25 years of
the Cincinnati Southern Railroad. The proposed lease has
been agreed to by both boards. It asks bids of so much per
annum for the fiist five years ; so much per annum for the sec¬
ond five years, and so on for a term of 25 years. The bids will
be opened about the last of August.
annum,
“
Net earnings
Issued and delivered upon 94 miles as follows:
42 miles from Denison to Gainesville, 52
miles from Denison to Greenville
To he issued on 53 miles from Greenville to
Mineola
Total
on
127 miles
In addition to the above there has been issued
in exchange for International & Great North¬
ern R. R. Co. stocks, new stock amounting to.
Total
new
$1,880,000 $1,880,000
1,060,000
$2,940,000 $2,940,000
13,430,000
$16,370,000 $2,940,000
stock and bonds
—representing the acquisition and control by
Railway Company of 749 miles
railway in Texas.
The bonded indebtedness upon the 622 miles of
& Great Northern Railroad is :
Kansas & Texas
First
1,060,000
the Missouri
of additional
International
$6,434,000
5,534,000
mortgage six per cent bonds
cent bonds
Second mortgage six per
$11,968,000
Total
—being at the rate sf $19,241
of bonds per mile.
Missouri State Finances.—A special to the St. Louis
Missouri Republican from Jefferson City, says: /‘The
Fund Commissioners had a meeting to consider what disposi¬
tion shall be made of the $3,000,000 lately received from the
Hannibal & St. Joseph Railroad Company, and decided to call
in the $1,770,000 of 5-20 bonds which mature next
December.”
Nashyille Chattanooga & St. Louis.—This company makes
Columbus & Hocking Valley—Columbus & Toledo—Ohio the
following statement for May and the eleven months of its
&WestVa.—The press dispatches from Columbus, 0., on the
29 th, stated that a syndicate was formed in Cleveland a short
time since which bought up some of the finest coal lands in
the State, including 10,000 acres near New Straitsville, one of
the heaviest shipping points on the Hocking Valley Railroad.
days since articles of incorporation were filed with the
Secretary of State by the Cleveland capitalists, Charles Hickox,
Henry B. Payne, J. H. Wade, S. T. Everett, W. J. McKinnie
and J, Stevenson Burke of Cleveland, for the purpose of con¬
structing a railroad from the city to the coal regions, the line
A few
fiscal year
from July 1 to May 31:
earnings
Expenses
Gross
Net earnings
Interest and taxes
Surplus
Improvement account N. w.
New Iron
New
bridges
engines
May.
$1,94®,419
$24,920
$170,021
$331,202
39,494
Div
Eleven Months.
$164,430
- - 100,015
$64,415
1,185,180
$764,239
433,036
26,144
27.0*6
151,655
New ears
parallel with the Hocking Valley Railroad. The Real
24,391
estate
309,249
capital stock cf the new line was placed at $6,000,000, and the
right of way was already being secured. The directors of the
Exeess of payments
$68,046
Hocking Valley system, which includes the Columbus & Toledo
The surplus has been expended in permanent improvements
and the Ohio & West Virginia Railways, upon learning the true
state of affairs, recognized the fact that a new competing line and additions to the property.
with such valuable coal lands could do no less than seriously
New York Lake Erie & Western—The following are the
affect the revenues of their line. The Cleveland syndicate made
comparative
earnings and expenses for the month of April, and
propositions to purchase the controlling stock of the various
Oct. 1 to April 30 :
lines under the Hocking Valley management. The price to be for the seven months from
1880.
1881.
paid, it is understood, is $180 for the Hocking Valley and $125 Gross earnings
Ine. $65,906
$1,643,151
$1,709,057
ior the Columbus & Toledo,
The price has not yet been »et- Working expenses
Inc. 154,861
962,827
1,117,689
tied upon for the Ohio & West Virginia stock. The length of
$680,323
$591,368 Deo. $88,955
the Hocking Valley Road is 102 miles, the Columbus & Toledo Net earnings
to
run
almost
686
THE CHRONICLE.
October to April, inclusive
Gross
earn In gs
Working
:
1879-1880.
$10,464,485
6,725,142
expenses
1880-1881.
Increase.
$11,849,557
$1,385,071
7.752,839
[Vol. zxxu.
Reading Coal & Iron Company for the month
1880
^
1,027.696
Net Profit.
P. <fc R. RnibvndCo
Read. Coal & Iron Co...
Net earnings
$3,739,342
$4,090,718
$337,375
New York Stock Exchange.—'The
have
been
adfollowing
Tot. of both oompan’s
mitted to dealiugs at the board:
Nashville Chattanooga & St. Louis Railroad
ond mortgage 6 per cent bonds,
Company—Sec¬
$1,000,000, payable January 1,
1901.
of
May, 1881 and
:
1880-81.
May6 Months.
$779,523
-1879-80.
May.
6 Months
$3,554,044
40,331
$534,924
295,186
$3,539,000
11,635 L’s. 164,199
$325,854 $3,849,231
$516,560 $3,374,861
TONNAGE AND PASSENGERS.
1880-81.
Tons of coal on RR..
Tons of merchandise
Denver & Rio Grande Railroad
Company—First consolida¬
ted mortgage bonds, an additional amount of
$1,040,000, num¬
bered 22,200 to 23,242, issued to retire the same amount of first
Passengers carried.
by
Richmond &
3,3S9,848^
2,981 ,(>6J
528.128
4,613,836
839,548
2,980,209
4.448.970
45,928
216,905
47,396
265,014
>
6 months.
630.267
Coal transported
steam colliers
mortgage bonds on the Arkansas Valley division.
International & Great Northern Railroad
Company—Addi¬
tional $540,000 stock ; $260,000 first
mortgage bond and $260,-
626,073
863,399
-1879-80.6 mrmtlis.
May.
526,298
3.207.969
May.
Alleghany.—The stock and
bonds of this
com¬
have been placed on the New York Stock Exchange List.
Capital stock $4,276,700, in shares of $100 each, represented by
Michigan Central Railroad Company—First mortgage 5 per the stock trust certificates issued by the Mercantile Trust Com¬
cent bonds, $4,000,000, of the Detroit &
Bay City Railroad pany of New York. First mortgage bonds, $5,000,000. The
authorized amount of capital stock of the
Company, due March 1,1931.
company is $5,000,Chesapeake & Ohio Railroad Company—Six per cent mort¬ 000. The first mortgage bonds of the company
are coupon,
dated March 5, 1880, payable
gage gold bonds, series A, $2,000,000 due July 1, 1908.
July
1,
1920; interest 7 per cent
Richmond & Allegheny Railroad
Company—Stock trust cer¬ from July 1, 18S0, January and July; may be exchanged for
tificates representing 42,767 shares,
$4,276,700; and first mort¬ registered bonds; principal and interest payable in gold.
gage 7 per cent bonds, $5,000,000, due July 1, 1920.
The statement submitted shows that the line of the
Richmond
& Alleghany Railroad follows the
Ohio & Mississippi.—Mr John
valley
of
the
James
River
King, Jr., Receiver of the from Richmond, the head of tide-water
Ohio & Mississippi Railroad, makes his
navigation, to Lynch¬
report of the receipts burg, thence to Clifton
and disbursements of the road for the month of
Forge, where it connects with the
May, 1881, with peake & Ohio Railway: There is also to be a branch Chesa¬
which have been placed in
running
comparison his report for May, 1880, up the North River
to Lexington, in the Valley of Virginia,
found in the Chronicle of last
year:
making a total length of about 250 miles. This is the route of
pany
000 income bonds.
RECEIPTS.
1881.
Cash on liand May 1
$79,123
Received from station agents
421,022
Received from conductors
6,574
Received from individuals, railroad
companies, etc. 103,326
Received from Adams and American
express
companies
757
Total
on
38,985
Total
$610,804
$475,946
Pennsylvania Railroad.—The gross and net earnings in
May and for the first five months of the year are specially
compiled for the Chronicle in the table below. In May, 1881,
there was an increase of $438,981 in
gross earnings and
758 in net earnings. For the four months there was $211,an in¬
crease in 1881 of
$1,533,SOS in gross, and
$426,449 in net,
ings.
earn¬
ALL LINES EAST OF PITTSBURG AND
ERIE.
Oi'oss Ea rn ings.1881.
1880.
•
January
February
March
April
May
Total
$3,189,215
3,095,614
3,844.304
3,760,372
3,85G,897
$17,746,402
Net Ear nit) gs.
1881.
1880.
$3,083,551
$1,206,861
1,158,104
2,944,576
3.278,186
3,488,366
3,417,916
1,799,226
1,655,810
1,688,610
$16,212,595
$7,508,411
As to the lines west of
Pittsburg and
ports issued in 1880 and for the current
$1,366,298
1,232,182
1,511,248
1,495,582
1,476,852
$7,081,962
Erie, the monthly
show the results
below. The company’s report, however, states the
gain since
Jan. 1 this year, against the same
period in 1880, as $387,953.
year
ALL LINES WEST OF
PITTSBURG.
January
February
March
April
May
Net Surplus over all Liabilities.
1881.
1880.
$3«1,539
143,497
441,901
496.764
218,482
$305,304
116,710
555.171
312,269
11,201
Inc. or Dec.
in 1881.
Tnc.. $76,235
Inc..
26,787
Doc.. 115,270
Ino.. 184,495
Inc.. 207,281
and
property
franchises,
in
rapidly being laid.
By June 15, 1881, it is expected that the road from Richmond
to Lynchburg on the Richmond division will be
completed, and
the remainder of the main line will be
running by August 1,
1881, and the branch to Lexington completed without
delay.
The track is laid with fifty-six pound steel rails. The
road-bed,
located for the most part on tow-path, is
thoroughly drained;
and, settled by years of canal traffic, has the solidity
only to be
acquired by time. New and first-class equipment in amount
ample for present needs has been bought and paid for. Of the
total issue of $5,000,000 in bonds, $1,500,000 was set aside
to
protect the obligations of the James River & Kanawha Com¬
pany ; this being the consideration for the conveyance of the
property, including docks, water powers and real estate. By
agreement between the board of directors and the trustees of
the first mortgage bonds, the
remaining $3,500,000 was to be
received by the company at the rate of $14,000
per mile of road
as completed.
The account now stands :
Bonds set aside to provide tor James River &
•
re¬
than four-fifths of the
1880, a deed
was
executed
&
Kanawha
con¬
Company,
more
into possession.
Since the conveyance of the property to the
company, over 190 miles of road have been completed, most of
which is now operated. For the
remaining distance the grada¬
tion is in a forward state, and the rails are
137,739
380
4,
Virginia, to the Richmond &
Alleghany Railroad Company, and the latter company ertered
$5,917
81,649
through
March
accordance with the statutes of
$175,946
292,902
On
River
by the
James
veying all of its works,
729
'
which. is
distance.
68,006
$3,067
hand June 1, 1881
able,
5,126
389.233
137,958
1,499
Pay-rolls
Arrearages
Cash
378,511
$610,804
DISBURSEMENTS.
Vouchers prior to Nov. 1. 1876
Vouchers subsequent to Nov. 17, 1876
the James River & Kanawha Canal, and the extensive and
sub¬
stantial improvements of that work are 'used wherever
avail¬
1880.
$23,572
Company bonds
Bonds issued for 190 miles of completed
road, at
mile
Kanawlia
$1,500,000
i...
$14,000
per
2,660,000
Total
$4,1G0,000
Bonds have been sold and collected far beyond
this
sum, or to the extent of $4,925,000, as the terms of
the subscription took them up
faster than the road
could be built; but the agreement made
by the
board has been adhered to, and a
surplus is now
held by the trustees.
Bonds issued
as
above
•
•
Net total
4,925,000
$1,682,183
$1,302,655 Gain. $379,528 Difference
$765,000
Against this tlie trustees hold iu cash
Petersburg Railroad.—Notice is given that the
$632,000
Amount of United States bonds held
Petersburg
by the Board
Railroad Company will, at its office in the
of Public Works of Virginia, par value
city of’Petersburg,
190,000— $S22,000
on the 1st
day of July, pay to the holders, on presentation,
The President is F. O. French, and the
all matured first mortgage bonds of said
company’s office is in
terest due thereon; and on the over-due company, with all in¬ the United Bank building in New York.
coupons and registered
interest.
St. Louis & San Francisco.—The
following statement is
rendered for the six months, Jan. to June
inclusive, June being
Philadelphia & Reading.—The question of providing for estimated :
the floating indebtedness of the
Philadelphia &
Rail¬ Gross earnings
road Company is now in the hands of counsel. Reading
$1,479,412
A proposition Operating and general expenses
643,552
to. issue certificates, emanating from the Receivers, was sub¬ Net
mitted to President Bond, and if found valid
earnings
$h35,859
an application for
Improvements, taxes and equipment
its approval will be made to Court.
132,500
Another report says they are to be 4
Surnlus earnings
per cent certificates to Interest on
$703,359
an amount which will
bonded debt
*.
:
469,697
carry the floating debt of the
company,
the
securities now in the hands of the creditors
to be
a trust for the
purpose of protecting the same.
tions have also, it is said, been
into
gathered
Negotia¬
begun by which the Philadel¬
phia & Reading is to form a coalition with the Buffalo Pitts¬
burg & Western for the building of the Pine Creek
road, but
nothing definite has yet been decided upon.
The Receivers give notice that
they will pay on July 1 the
coupon then falling due on the general
mortgage deferred ster¬
ling scrip ; also that they will pay on July 11 the
unpaid onehalf of the July, 18tf0,
coupon on the general mortgage bonds.
—The following is the
comparative statement of the Philadel¬
phia & Reading Railroad Company and the
Philadelphia &
Balance..
$233,662
COMPARISON OF ABOVE WITH SAME PERIOD OF
1880.
1880.
$1,099,620
Expenses.
555,859
Improvements and taxes...
$543,760
53,045
181-1.
Increase.
$1,479,412
$379,792
643,552
$835,859
132,500
87,693
$292,098
66,676
$490,715
$703,359
$212,014
Percentage of expenses
50*2 p. c.
4342 p. e.
7 p. cMileage
526
603
77
St. Paul & Duluth.—At the
meeting of.stockholders of this
company on Monday, the directors recommended that a mort—
J umb 25,
gage
THE CHRONICLE.
1881.J
R«7
Western Union Telegraph.—A decision in iav*»r ot the
Western Union Telegraph Company, its directors and others^
defendants, in the suit of William S. Williams was rendered by
for $1,000,000 be put upon the property to secure bonds
tobe issued for the liquidation of the floating debt, increase of
equipment and general improvement of the property, and that
committee of five stockholders be appointed to ascertain the Judge Truai, in the Superior Court of this city This suit
grows out of the purchase by the Western Union Company of
amount of income property applicable to a dividend.
the property of tne American Union Telegraph Company and
Texas & Pacific.—The Texas & Pacific track is now laid
a
the distribution of
Plains, and is being pushed on at
week. The extension of the
Missouri Kansas & Texas to its intersection with therInterna¬
tional & Great Northern at Minneola is completed, and trains
can now run through from St. Louu to San Antonio without
change; also to Houston, Austin and other far-south points in
fifteen miles out on the Staked
the rate of eight miles per
holders.
grounds. Judge Spier gave a decision a few weeks since
in favor of the plaintiffs, but now, after argument, Judge
Truax decides in favor of Mr. Gould and his associates.^On the
main question of stock watering he decides that the Western
Uni >n is not prohibited by law from issuing stock to represent
its invested surplus earnings. The contention of the plaintiff
was that such an issuance of stock is prohibited
by that portion
of the Revised Statutes which makes it unlawful for the
Directors of a corporation to pay any part of its capital stock
to its stockholders.
Judge Truax says: The Western Union
has not divided, nor undertaken to divide, its property and
same
Texas.
Union Pacific.—The Boston Transcript says : “ The forth¬
coming ‘rights’ upon Union Pacific stock Lave been somewhat
over-estimated. The Oregon extension line to Baker City will
be about 600 miles of road, upon which it is now proposed to
issue $12,000,000 of 5 or 6 per cent bonds ($20,000 to the mile)
and $12,000,000 of Oregon extension stock. The Union Pacific
treasury will retain one-half the stock and give each 100 shares
of the Union Pacific stock the right to subscribe to $2,000 of
bonds, with a bonus of 50 per cent, or ten shares, of Oregon ex¬
tension stock. The road is almost, an assured success from the
start, and its bonds may sell in the neighborhood of par ; but
if the public does not at present estimate the new stock at
above 25, the ‘ rights ’ are worth but $2 50 per share. If the
new stock is considered worth $50 the * rights * will be worth
$5, and this is probably the maximum.”
Utah Central—Utah Southern—Utah Extension.—A press
dispatch from Salt Lake City, June 20, said the Utah Central,
Utah Southern and Utah Extension railroads have been con¬
solidated under the name of the Utah Central Railway, extend¬
ing from Ogden through Salt Lake City to Frisco, a distance of
280 miles. The new organization has 42,250 shares of $100
each, about $15,000 per mile.
Talley Railroad (Ya.)—Mr. John W. Garrett, President of
the Baltimore & Ohio Railroad, with reference to the extension
of the Valley Railroad from Staunton to Lexington, a distance
of 36 miles, has agreed, subject to the approval of the board
of the Baltimore & Ohio Railroad, to purchase $1,000,000 of the
bonds to be issued by the Valley Railroad Company at 90.
Work on the extension will begin at once under the contract
made on April 14 last between the Valley Railroad and Col.
James M.
Boyd of Maryland.
a stock dividend to Western Union stock¬
The suit of Rufus Hatch was substantially on the
I
franchises, which are its capital stock. It had and has the
right, to issue $15,526,590 of stock certificates. The courts
have held that a corporation’s property is not limited by the
amount of its capital stock.
It can allow its profits to accumulate until they exceed the capital if its interests may be thus
served* We quote as follows from the opinion :
“It seems to mo, then, that if a corporation has a right to allow its
corporate fund—its capital stock—to increase beyond the limit fixed for
its capitalization by its charter, it has, in the manner provided by
law, a
light to increase the number of certificates which represent the interest
its stockholders have in its corporate fund, t do not mean to be under¬
stood as saying that a corporation has a legal right to issue certificates
of stock beyond the value of its corporate property—iu other words,
that a corporation has a right to ‘ water * its stock. I do not pass upon,
that question.
I have held as matter of fact that the Western Union
Telegraph Company has not watered its stock. It was proved on tha
trial of this action that money earned by said company, and which wan
the profits of the business of the company, and as such was available
for the purpose of dividends, had beeu used by the company in pur¬
chasing new permanent assets, for which no stock had beeu issued. Itia
not an unusual
and to be held
until, iu che
thing for corporations to allow a surplus to accumulate
by tne corporation, cither in money or other proper^
of time, certificates of capital stock are issued to the
course
stockholders to represent their interest in these accumulations. Suoh a
transaction is neither in law nor in fact a watering of the stock of a cor¬
poration. For the certificates of stock the corpoiation holds either the
money or the property to the full amount of the certificates issued, and
it falls neither within the spirit nor the letter of the law, if there be Buck
a law, against the inflation of the capital stock of a corporation like the
Western Union Company. The true test of the transaction is, Has the
money of the stockholders to the amount represented by the proposed
issue of certificates been rotained, and is it held by the company either
in money or In property?”
Villard Pool—Northern Pacific—Oregon Railway and
Mr. John Sessions, the attorney for the plaintiff, said, as
Navigation Company.—The Evening Post of Friday says :
“A meeting was held to-day of the subscribers to what is known reported by the Times, that an appeal will be taken to the
Superior Court, General Term, and, if necessary, to the Court
as the ‘blind pool’ formed by Mr. Henry Villard for the pur¬
chase of the securities of the Northern Pacific Railroad Com¬ of Appeals. He felt confident, however, of success before ther
General Term. The decision of Judge Truax he considered to
pany. Mr. Villard made a report of his expenditures of the
$8,000,000 paid in last spring.
He stated that he had invested be in direct opposition to the decisions of Chief Justice Sedg¬
this money and about as much more (in all about $16,000,000) wick and Judge Speir. Mr. Sessions said he did not care to
in the purchase of the common and preferred stock of the procure a stay of proceedings pending the appeal. His expec¬
Northern Pacific Railroad Company, the larger part being for tation was to procure a decision declaring void the consolida¬
the preferred, and that he had accomplished the object which tion of the three telegraph companies.
he had in view—namely, that of uniting the North. Pacific and
Eastern, (Mass.)—The Boston Transcript says : “Our com¬
Oregon Railway & Navigation Company’s interests, so as to ments of a week ago upon the Eastern Railroad re-organization
prevent a conflict in the Valley of the Columbia River, and to act appear to have been misinterpreted in a great many quar¬
secure to the Northern Pacific the great advantages of the
ters.
We said the act was defective in that ‘it provided no
traffic controlled by the Oregon Company’s lines, which now means by which the stockholders may now regain possession of
include the railways iu the Willamette Valley and their exten¬ their property, for it stipulates that only when the certificates
sion to California. It was proposed now to form a new com¬ of indebtedness have been reduced to ten millions, such reduc¬
pany called tlm Oregon Tran-Continental, to acquire a majority tion appearing by the returns to the Railroad Commissioners,
of the stock of the Northern Pacific and of the Oregon Com¬ shall the stockholders take possession of their property. Bufc
pany; the proposed capital to be $50,000,000, of which the pro¬ it prohibits the purchase of these bonds at above par/ Now
portion represented by purchases already made, as above- it may usually be assumed that comments upon a law do not
mentioned, 6hall be immediately issued, and the remainder appear in this column previous to the reading of the law ; yet
from time to time as required for the additional purchases.”
we have received letters to the effect that we must have over¬
looked the clause, ‘ Or until a sum sufficient so to reduce the
Virginia & Trnckee.—The following is from the annual same [to
$10,000,000] shall have been so paid in/ On the con¬
report of the Virginia & Trnckee Railroad Company of Nevada
trary, this clause was not in the slightest overlooked but is
for the year 1880 :
distinctly understood as having no reference whatever to tha
Amount of capital stock
$6,000,000 stockholders’
regaining possession of their property. It relates
Amount expended for construction, on hand, &o—
Construction
3,715,^78 only to the payment of all net earnings into the sinking fund
712,278
until the debt is reduced to ten millions, when only one hund¬
Rolling stock
Real estate
206,998
red thousand annually need be paid in. The law is most ex¬
Teams
34,047
Wood
39,844 plicit in its declaration, without any modification, that only can
Stock
on
146,994
hand
Total
Amount of indebtedness—
Bonds
$4,856,042
$900,000
92,600
Mining companies
Total
$992,600
Due this company from sundry sources
Amount received ror transportation of freight, passengers,
mail, express, baggage, &c
...
Amount received from sales of old rails
Amount paid for operating expenses
Number of dividends paid monthly
Amount- paid, $15,000 per month
Traffic receipts as above
Operating expenses
as
consequence
$1,124,300
12
$180,000
674,553
$449,746
$180,000
100,000
97,250
of the destruction of the Secretary’s
books by fire several years ago, it is impossible for the officers
of the company to state the amount of *f aid-up
is therefore necessarily omitted in this report.
that these cannot be purchased at a price above par
As
debtors, and especially solvent debtors, which the Eastern.
Railroad Company stockholders evidently are, have some rights
in Massachusetts courts, the public is likely to understand afc
some day not many years distant that the Eastern Railroad
belongs to the Eastern Railroad Company stockholders.”
34,819
$674,553
$1,124,300
above
Net traffic earnings
Paid dividends
Bonds redeemed
Paid interest on bonds
^ote.—In
$107,611
the stockholders elect the board of directors when the compa¬
ny’s return to the Railroad Commissioners show that no more
than $10,090,000 of the debt certificates are outstanding, and
capital, and it
Messrs. A. H. Muller & Son sold the
Shares.
500 Second Av. RR...11113®112
50 Gold & Stock Tel. Co.
(new stock)
82
20 Knickerbocker Fire Ins.. 66*2
5 Park Ins
126*2
3 Cent. N. J. Land & Irapr.
Co. and $21 scrip, $321. 30
10 Guardian Fire Ius.
68*3
60 Pacific Fire Ins.. .238*43)240
9 Anaer. Exch. Nat. Bank.. 127
18 N. Y. Safe Deposit Co.... 156
24 Mannattan Gaslight Co. .191*2
500 Maryland Union Goal Co. 11
7 Sixth Avenue RR
263
following at auction:
Shares.
75 Wheeler <fc Wilson Manf.
Co., $25 ea., per sh
$25
30 Safe Dep. Co. of N. Y....153
Bonds.
$30,000 Second Av. RR. 7s,
consol., due 1888
50,000 West. Uuion Tel. 7s,
due 1900
107*1
121
5,000 Third Av. RR. 7s, due
1890
50,000
Fanners*
114*st
Loan
&
Trust certif. Atlanta &
Charlotte Air Liue RB.
1st inort. bonds
119
LHE
W8
(CHRONICLE.
[Vol. xxxu.
COTTON.
3pxe CcnmixercM jinxes.
(JO.vl MEKCl AL
E P1TOME.
Friday Night, June 24,1881.
The weather the past week, though rather cool for the sea¬
son in this latitude, has been much more favorable for the
crops throughout the country. In the Mississippi Valley it has
been hot and forcing, and except for wheat in some sections
and for corn in the more northern latitudes, the crop prospects
are
fally
better.
this
as
good
as
last
at this date, and in
some cases
There appears to be no ground for apprehension
score.
But, of
Mobile
Lard
.
‘
Total
7.......
;
1879-90.
lbs. 43,354,800
lbs. 500.080,881
lbs. 241,138,036
259,368,523
lbs.
845,897,324
784,573,717
46,320,200
2,965,400
40,127,720
18,230,487
Rio coffee has been quiet, but has
time at ll^c. for fair cargoes, though
nominal at that quotation ; mild grades sold well up to within
a day or two, and in Java the trade was
especially brisk, the
Bales within a week aggregating no less than 25,000 ma
the market closed quiet ior all descriptions,
though
Bteady.
Tea has brought firm prices in most
quite
cases at the
nrmer
410
174
....
....
....
474
720
939
236
130
168
153
60
Savannah
213
257
194
568
....
....
....
....
59
Charleston
has latterly been quiet, but has remained
steady.
Mo
firmly maintained.
JIhds.
Receipts since June 1, 18-81
Sales since June 1, 1881
Stock June 22, 1881
Stock June 23, 1880
63,924
Boxes.
1.206
41,817
1,206
111,688
75,532
135,265
(,844
1,000,854
691
684
302
4.731
977,540
7,029
Bags.
122,411
Afclado.
578
2,913
20
20
777
832
3,980
107
43
661
340
1
1
410
1,982
85
234
27
183
....
Wilmington
Moreh’d C.,&c
....
....
City Point,&c.
New York
Baltimore
....
....
144
592
....
....
....
376
87
332
595
40
Philadelp’a, &c.
Totals tills week
....
959
2,709 !
comparison,
....
•
•
•
17
,
36
•
•• -
•
799
17
16
753
278
Boston
110
....
.....
599
Norfolk
•
164
....
52
314
37
37
900
3,947
339
339
27
32
30
743
607
1,092
799
567
300
150
200
800
150
621
120
637
203
513
3,484
2,105
2,134
4,597
3,790
3,793
4,004
4,583
23,476
give the following table showing the week’s
total receipts, the total since Sept. 1,1880, and the stocks to-night
and the same items for the corresponding periods of last year.
we
1880-81.
1879-80.
Stock.
Receipts to
This
June 24.
Since
Week.
Gulveston
Since
Sep.
1,1879.
Week.
37
656,429
15,178
1,531,123
380,525
20,359
857,638
4,855
615,147
49,972
116,877
30,252
3,947
699,872
1881.
814
209,033
169,733
169,006
47,809
72,360
23,476 5,646,168
23,511 4,825,077 376.545 287,896
3,980
661
Florida
1
Savannah
1,992
Brunswick, &c.
Charleston
799
Port Royal, &c.
17
Wilmington
M’liead City,<fcc
314
339
743
Boston
3,484
Baltimore
2,105
2,134
Philadelphia, <fcc.
’
11
......
.
......
......
......
......
In order that
comparison may be made with other
give below the totals at leading ports for six seasons.
Receipts at—
1880.
1881.
Refined sugar has fallen to 10%@10%c. for powdered, 10%c. Galvest’u,<fcc.
New Orleans.
for crushed, 10 %c. for granulated and 9%e. for standard
“A,” Mobile
and trade has latterly been quiet.
i
Savannah....
1880.
460,322 31.160
4,016
7,720
4,654 1,467,707 122,721 82,305
884
350,978
9,615 11,146
20,141
5,036
1,281
720,489 10,157
7,422
3,631
640
447,262
5,294
4,457
49
30,622
46
75,990
1,609
1,248
29
26,936
2,513
568,866 11,210 13,476
639
153,651
6,192
207,873 151,958 138,365
3,626
217,172 10,340 10,785
506
17,353
6,115
5,920
1,676
48,364 11,241
8,756
20
Mobile
Total
This
Sep.
1, 1880.
2,913
Indianola, &o..
New York
has been firm for the grocery grades, in which a fair
jo
business has been done ; but refining grades have been di
a decline to 36%@37c. for 50-degrees
test. Raw sugars
been very quiet, but the quotations of last week have been
147
Pt. Royal, &c.
For
Total.
'
City Point, *&c.
prices,
Fri.
556
Norfolk
wmen mere nave peen iair transactions at
Th in's.
....
New Orleans
61,323,607
ruled firm most of the
the close is somewhat
Wed.
Florida
Decrease.
540,208,601
Tues.
923
Brunsw’k, &c.
1880-81.
Mon.
272
what a week or a
Trade is comparatively quiet as usual
approach, but mercantile affairs are in
of the
Pork
Bacon
Galveston
New Orleans...
provision market has been irregular; now
and then a spasmodic advance has been established, but the
large arrivals of hogs at Chicago have checked any undue
buoyancy. To-day pork was dull at $16 62^ for old on the
spot and $17 for new; June, July and August were quoted at
$16 75 ; September, $17. Bacon is firmly held at 8%@9c. for
long and 9%c. for short clear. Beef hams have sold fairly at
$23 50. Beef in small sale but firm at $23@$25 for extra India
Lard ruled firm and sold on the spot at ll*25c. for prime
mess.
Western ; July, ll*25@ll*30c.; August, 11 -22^(3)11 *25c.; Sep¬
tember, ir05@ll*07/£c.; October, 10,90@10,97^c.; seller year,
10*37/£(3>10*40c.j refined to the Continent, ll*22/£@ll*25c.
Butter has latterly been quiet and easy. Cheese has been in
better sale at 8%@10%c. for fair to choice State factory. Tal
low receives a good export call at 6%@6%c. Stearine has
advanced to 14>£c. The following is a comparative summary
of aggregate exports from November 1 to June 18.
course
of the
Sat.
Receipts at—
Iudianola, &c.
healthy position.
The
Crop,, as indicated by our telegrams
from the South to-night, is given below.
For the week ending
this evening (June 24), the total receipts have reached 23,476
bales, against 28,218 bales last week, 29,432 bales the previous
weekr and 32,642 bales three weeks since; making the total
receipts since the 1st of September, 1880, 5.646,168 bales, against
4,825,077 bales for the same period of 1879-80, showing an increase
since September 1, 1880, of 821.091 bales.
on
course, no one may say
month may bring forth.
when the July holidays
a
year
Friday. P. M.. June 24. 1881.
The Movement
2,933
3,930
1879.
1878.
825
867
4,654
962
years, we
1877.
1,361
1,500
1876.
366
800
888
3,194
661
834
177
451
391
610
1,982
1,231
1,515
1,043
1,303
1,450
Kentucky tobacco has continued quiet, and sales for the week
55
640
206
816
395
221
limited to 480 hhds., of which 350 for export and 130 for Charl’st’n. <fcc
351
75
49
123
262
&c
101
home consumption. Lugs were quoted at 4%@5%c. and leaf Wilm’gt’n,
Norfolk, &c..
438
791
4,286
3,152
at 6@llc. The movement in seed leaf has been
1,058
1,280
exceptional^ All
others....
12,000
8,467
891
2,230
1,129
2,123
large, embracing large lines of the crop of 1880, and aggregat¬
ing 5,915 cases, as follows: 2,050 cases 18S0 crop, Pennsylvania, Tot.this w’k.' 23-476 23,511
6,293
6,379
6,519
8,559
assorted lots, 15@19c.; 125 cases 1879 crop,
Pennsylvania, Since
5646,168
4825,077
4420.903
Sept.
1.
4237,315 3938,856 4056,109
wrappers, 18@42^c.; 800 cases 1880 crop, New England, sec¬
Galveston includes Iudianola; Charleston includes Port Koyal, &c.
onds, 11@12>2C.; and Housatonic, assorted, 21@23c.; 2,400 cases
1880 crop, Wisconsin, ’ Havana seed, 14@16^c.; 200 3ases 1880 Wilmingtou includes Morehead City, &c.; Norfolk includes City Point, <fec.
The exports for the week ending this evening reach a total
crop, Ohio, 6@6%c.; 240 cases 1879 crop, Ohio, fillers, 4c., and
of 32,961 bales, of which 21,059 were to Great Britain, 3,210 to
wrappers, 13@16c.; and 100 cases sundries, 7@18c.j also 500
France and 8,692 to rest of the Continent, while the stocks as
hale* Havana fillers, 87c. @$1 20.
made up this evening are now 376,545 bales. Below are tho
Rosins have latterly been quiet, but all
prices have ruled
exports for the week and since September, 1, 1880.
firmer at $2 05@$2 07^ for strained to good strained.
Spirits
turpentine has declined in sympathy with the Southern mar¬
Week Ending June 24.
1
kets and anticipated heavy arrivals here. Southerns in
yard
Exported to—
Exported to—
Exports
at the close were quoted at 42^@43c. Petroleum has had a
from—
are
,
fair call at 8%c. for refined for
export. In crude certificates a
fair speculation has been reported, and at the close
805/&c. was
bid. Ingot copper has declined to 17c. for Lake, at which
havedelivery
remain
firm, and
?rice
lbs.1S82
been sold.
5,000 300,000
tons for
were Steel
sold rails
at $56
at tide-water.
-
Hops quiet but steady. Wool iu good sale and strong.
Ocean freight-room has been fairly active, and all rates show
The supplies of tonnage are not large.
ja moderate steadiness.
The engagements to-day included grain to
Liverpool, by steam,
3Jgd.; bacon, 20s.; cheese, 25s.; beef, 3s.; pork, 2s.; cotton,
ll-64@3-16d.; flour, 12s. 6d.; grain to London, by steam,
4j£d. for this and 5%d. for next week ; grain to Glasgow, by
Bteam, 4%d.; do. to Leith, by steam, 5^d.; do. to West Har¬
tlepool, 4d.; do. to Cork for orders, 4s. l^d.@4s. 5d.; naphtha
to Stockholm, 4s.; crude petroleum to
Blaze, 3s. 3d.; refined
do. to Gefle, 4s.; do. from Philadelphia to
Antwerp, Bremen or
Xondon, 3s. 4d.; do. in cases to Voio or Salonica, 24c.
Great
Brit'n.
Galveston
New Orleans..
4,293
7,620
Mobile
France
2,577
Conti¬
Total
Great
nent.
Week.
Britain.
4,387
1,830
8,083
12,233
......
France
303,308 51,123
853.474 319,782
Conti¬
Total
nent.
463, SOX
107,308
351,000 1,524,310
80,536
24,774
7,419
197,998
198,428
37,860
01,910
57,140
1,444
309,420
2,850
30,189
209,914
214,799
11,222
9,922
103,558
112,729
Florida
Savannah
Charleston
.
Wilmington...
1,510
......
......
..
1,510
..
Norfolk
New York
Boston
Baltimore
Philadelp’a,Ac
Total
'Total 1879-80
....
4,022
2,171
2.221
532
633
576
•
......
•
•
•
•
361
5,233
371,004
2,171
105,651
108,507
62,300
2,002
532
2
29,408
102
505,778
475,137
09,812
322,192
510,751
105,653
138,035
62,402
21,05
3,210
8,092
32,901 2,649,952 535,943 1.104,774 4,290,669
3O,C00
4,5)5
5,813
40,474 2,455,274 358,080
•Includes export* from Port Royal
&c
834,870j3,648,884
am
Great
Ft'ance.
Britain.
21,119
2.600
New Orleans
Mobile
Unarleston
Savannah
Galveston
Hew York
Other ports........
"
Foreign
7.569
1,892
None.
None.
140
None.
200
1,300
6,723
None.
2,500
3,000
500
None.
None.
371
400
1,481
9,553
37,382
Tot^l
*
Coast¬
wise.
Other
Included in this amount there are
-
Total
4,701
8,057
22,579
None.
2,100
8.581
*4,100
500
4,500
1,000 bales at presses for foreign
destination of which we.cannot learn
The speculation in futures lias been fairly active the past
week. The opening on Saturday was weak, under the very
favorable crop accounts, but an upward movement at once set in,
which in the course of Monday, Tuesday and Wednesday carriec.
up prices 19(0)21 points for the early deliveries, and 14@16
points for the active months of the next crop. The statistica
position gave an impulse to the rise, and it finally received sup¬
port from Liverpool. The smaller receipts at the ports were an
element of, strength, together with the comparatively small
excess of the visible supply, when the increase in the out-turns of
the present crop was taken into the account. These were
regarded as an improvement in the statistical position. There
was, however, a sharp turn downward at the close of Wednes¬
day’s business.
Yesterday the opening was strong, the Liver¬
pool market still reporting a hardening tendency, but the
demand was not maintained, crop accounts being most favor
able, and reports current of political troubles between France
and Italy. Under these latter influences there was also a slight
decline from the close of Wednesday. To-day there was very
little change. Spots were rather quiet at nominally unchanged
prices. To-day the market was quiet and easier, but not
quotably lower, and middling uplands close nominally at
ports the
11
June
Sat.
Ordin’y.39 lb r7i3i«
Strict Ord..
8;,16
moii Tues
71310
85,fi
Good Ord..
914
9H
Str. G’d Ord 934
934
Low Midd’g 1071fi 10‘if
Str.L’w Mid 101316 lOUijg
Middling... UU6
Good Mid.. 11*%
Str. G’d Mid 1170
Midd’g Fair 1 258
Fair
133s
Wed
Hhe
713,0
8°is
9q
934
iOqo
Sat.
Mon Toes
101316 11*0
UUs H51«
117S
115s
1118
1110
1118
1118
1110
115,6
1178
1
15,6
1178
115,6
115,6
11
11
11
70
121s
1218
12i0
12i8
1278
133g
133s
135s
1278
135g
1278
135a
127s
1358
70
1210
Frl.
Th.
1270
135s
133a
1338
STAINED.
Good Ordinary
Strict Good Ordinary
Low Middling
$ lb.
Wed
Til.
135s
1358
i 135g
1358
Sat.
Mon Tues Wed
Th.
Frl.
7716
8716
91,6
7716
8716
9U6
Zp"
871C
77ie
87ie
9*16
8716
1030
91,6
1030
1030
1030
9116
1030
SALES OF SPOT AND TRANSIT.
CLOSED.
.
.
Dull and easier..
Dull and easy ...
Ex¬
port.
140
Steady
Firm
Thurs Steady
Fri.
Dull and easier..
545
Total
095
.
....
ConSpec- Tran¬
sit.
sump. uVVn
176
520
658
495
370
407
190
90
70
2,626
350
....
....
m
m
m
m
m
m'm
m
....
The daily deliveries given above are actually
vious to that on which they are reported.
Total.
FUTURES.
Sales.
Deliv¬
eries.
1,005
60.900
477
53,400
200
300
300
200
300
200
3.661 397.000
1,500
176
660
658
685
66,700
61,100
63.000
81,300
delivered the day pre¬
The Sales and Prices op Futures are shown by the follow¬
ing comprehensive table. In this statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales:
©
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Includes sales in September for September, 621,400; Sept.-Oct.
3ct., 946.500; Sept.-Nov. for November, 762,100 ; Sept.-Dee.
ber, 1,464,500; Sept.-Jan. for Januarv, 2,588,900; Sept.-Feb.
ruary
2,372,700; Sept.-Mareli for
April, 2,595.800 ; Sept.-llay
for
for Decem¬
for Feb¬
March, 3,466,100; Sept.-April for
for May, 2,156,400.
Orders—Saturday, 10*90: Monday, 11 ’00; Tuesday,
L105; Wednesdays 105; Thursday, 11*05; Friday, 11-05- •
The following exchanges have been made during
06 pd. to exch. 200 July for Aug
‘ •13 pd. to exch. 200 Dec. for Oct.
*25 pd. to exch. 1,000 Dec. for Feb. •00 pd. to exch. 100 July for Aug.
*12 pd. to exch. 600 Dec. for Oct.
'30 pd. to exch. 500 Sept, for July.
•05 pd. to exch. 500 July for Aug.
*02 pd. to exch. 300 July for June.
*05 pd. to exch. 1,000 July for Aug
*06 pd. to exch. 1,100 July for Aug.
•05 pd. to exch. 400 July for Aug.
*05 pd. to exch. 500 July for Aug.
*•05 pd. to exch, 100 July for A*ig.
The Visible Supply of Cotton, as made up by cable
Transferable
the week:
MARKET AND SALES.
SPOT MARKET
£
*
77i«
OUe
«-*Ch
r-4 •—4
8lio
811,6
99,6
13!%
P
•:
Frl.
135s
103q
Middling
Sat..
Mon
Tues.
Wed
■
JO
i-i M
12 7s
135q
1338
Good Mid..
Str. G’d Mid
8'i 10
•
2
-1-
12i0
Midd’g Fair
Middling...
wO
5,6
1178
Fair
Good Ord..
Str. G’d Ord
Low Midd’g
Str. L’wMid
'©CP
M
Wed
© ©
H-* ►—l
8i,o
8'1,6
9°13
1178
125Q
Frl.
2?”*
► '“4
h-
tc
w
Strict Ord..
d
to
to
She
81,6
81,6
81,6
71316 713,6 7i3ltt
81*16 8H16 811,6 811,6
8ii,o
8bl6
Sai6
8516
9yie
99,6
9916
9y;o
9q
09io
9q
914
934
9%
9%
101,6 101,6 101,6 101,6 101,6 101,0
I07lrt 107i« 107,0 101310 1013,6 1013,6 1013,6 1013,6 1013,6
1110
1118
1110
1110
1118
I0i310 101*16 101316 11*8
1916 liMa 1V16 115,6 115,6 115,6 US,, 115,6 U51«
1178 .1 1178
1170
1170
1178
1178
115s
1158
1150
12i0
12i8
i 1210
1210
12ie
11 78
11 78
1218
1178
127s
127e
127b
127s
l‘27s
1'278
125q
125s
1*2?%
Ordin’y.$tt>
d
M
11=%
1178
125q
Th.
so
e-©
r** r
81,6
8116
8i,o
8l,o
811,6 81*16 8i*,o 811,6
8i*i*
9y,'6
»910
9y,6
93,6
0°16
101,o 101,0 iOliG 101,6 101,6 101,6
1013,0 .101316 1013,6 1013,6 1013,6 1013,6
Si,o
®
©•
<rf
B©»
Mon. Toes
Sat#
9
o
M
1/1/
24.
5-1
25- £
©
3‘© ® fo
03 CJ
5
-£
®
3 so *
CP?
ob*!1 Sgggg
P*
©*5>*5'
c
TEXAS.
NEW ORLEANS.
UPLANDS.
iE-©«
as
“
c
delivery for the week are 387,000
bales. For immediate delivery the total sales foot up this week
3,661 bales, including 685 for export, 2,626 for consumption,
350 for speculation and — in transit. Of the above, 160 bales
were to arrive.
The following are the official quotations and
sales for each day of the past week.
A <J
53p a.
m
-Sfl
P\»— ©
1-lQc.
/1/ C/
x
p
The total sales for forward
(/
<1
3
S'
147,553
41.150
322.841
53,714
1,923
—
3
w
Stock.
590
3,856
O
®
QHqOD
>*—■*
2D
Leaving
91,778
7,015
1,000
—-s
to
30,943
2,600
373
None.
250
800
None
Ohjcc2.
: 9:
Shipboard, not cleared—for
On
■S
3
above exports, our telegrams to-nighfc also, give
us tie following amounts of cotton on shipboard, not cleared, at
the ports named. We add similar figures for New York, which
are prepared for our special use by Messrs. Carey, Yale
Lambert, 60 Beaver Street.
In addition to
June 2 i, at-
689
CHRONICLE.
THE
1881.]
Jdnk 25,
telegraph, is as follows.
The Continental stocks are the
and
figures
Britain and the afloat
and consequently
wrought down to Thursday evening;- hence, to make the totals the
complete figures for to-night (June 24), we add the item of exports
?rom the United States, including in it the exports of Friday only:
1881.
1980.
1879.
1878.
of last Saturday, but the totals for Great
?or the Continent are this week’s returns,
Stock at Liverpool
8took at London
bales.
..
Total Great Britain
.
stock
.
898.000
50.600
784.000
52,200
939,600
836,200
636,000
45,750
681,750
818,000
11,750
829,750
6fO
THE CHRONICLE.
1881.
Stock
Stock
Block
took
Block
Stock
Stock
Stock
at Havre
at Marseilles
at Barcelona
at Hanmurg
bales.
109,000
4,000
40,100
at Bremen
at Amsterdam
at Rotterdam
at Antwerp
Stock at other conti’ntal ports.
Total continental ports....
1880.
72,700
107,250
5.330
47.800
2.250
40 000
1878
218.500
6.500
35.500
47.250
1879.
5.500
3,000
52,100
41.900
42.800
5.090
3,000
21,750
20,400
2,550
42,000
1.250
1,430
1,320
400
11,200
12.250
6,500
20,600
7,500
26,750
361,220
215,600
228.400
415,750
Total European stocks.. ..1 ,299,820 1,051.809
India cotton afloat for Europe. 292,000
300,000
Amer’n cottoa afloat for Eur’pe 289,000
308.000
Egypt, Brazil, &c.,aflt forE’r’pe
45,000
27.000
Stock in United States ports .. 376.515
287,937
Stock In U. S. interior ports...
46,502
43.466
United 8tf tes exports to-day..
6,200
9,000
910,150 1,248.500
332.000
244,000
103,000
132,000
12,000
bales more than at the same period last
year.
The
the same towns have been 1,371 bales more than the receipts at
same week
last year.
7.000
53,500
186,993
12.000
173.737
14.660
13,357
3,000
20C
Receipts
Continental stocks
American afloat for Europe
United States stock
United States interior stocks..
United States exports to-day..
Total American
East Indian,Brazil, die.—
677,000
240,000
289,000
376.545
46,502
6,200
532,000
491,000
186,000
143,000
308,000
287,937
43,466
9,000
103,000
136,993
14.660
3,000
1,635,247 1,323,403
liverpool stock
211,000
50,600
London stock
Continental stocks
India afloat for Europe
121.220
292,000
Rgypt, Brazil, &c., afloat
45,000
Total East India, &o
Total American
719.820
984.658 1,323,294
252,000
52,200
72,600
309,000
27,000
145,000
45,750
42.400
332,000
12,000
712.800
577,150
.2.355,067 2,036.203 1,561,803 1.823,794
6316d.
6%d.
67a1.
6316d.
The above figures indicate an increase in the cotton in
sight
to-night of 318,864 bales as compared with the same date of 1880,
an increase of 793,259 bales as compared with 1879 and an
in¬
of 531,273 bales as compared with 1878.
In the preceding visible supply table we have heretofore
only
included the interior stocks at the seven original interior towns.
As we did not have the record of the new interior towns for the
four years, we could not make a comparison in
any other way.
That difficulty no longer exists, and we therefore make the fol¬
lowing comparison, which includes the stocks at the nineteen
towns given weekly in our table of interior stocks instead of
only
the ola seven towns. We shall continue this double statement for
crease
a
time, but finally shall simply substitute the nineteen towns for
seven towns in the preceding table
the
American—
Liverpool stock
bales
Week
1881.
1880.
1879.
677.000
240,000
532,000
143,000
289,000
308.000
491,000
186,000
103,000
186,993
25,223
1878.
649,000
Receipts at the Ports.
ending—
April 8
1879.
1880.
44.851
37,323
3-1.910
33,714
are some¬
1879.
1880.
1881.
34,977
25,148
08,996
51,101
220,936 218,860
204,154 201,211
186,658 193,949
31,511
11,615
30,595
21,971
19,094
14,070
8,105
176,157 175.316
101.455 158,218
7,600
14,135
8,853
7,882
11,812
5,55'
23.674
32,012
29,432
28J21S
23.476
23,306
25,2*3
22,383
30,853
19,031
25,661
24,630
M
13
19,897
II
20
16.673
27
3
Cl
10
6.6i 2
18,580
II
17
7,183
24
6.293
19.870
23.511
....
1881.
11,089
29
.Tnnr
1880.
252.495 249,879
238,550 237,401
143,241 132,471
37.570 130,335 123 342
II
• I
1879.
17.113
23
40,187
33,183
6.
Stock at Interior Ports Rec'pts from Plant'ns.
26,514
23,764
15
May
1881.
85,696 107,005
60.579 91,930
60.718 87,294
47,729 78,902
45,535 71,540
49,150 59,249
42,415 51,429
30,85 i 42.198
•I
500.500
....
Receipts at the outports
is
each
RECEIPTS FROM PLANTATIONS.
244,000
12,000
984,658 1,323,294
following table
therefore, a safer conclusion through a comparative statement
like the following. In reply to frequent
inquiries we will add
that these figures, of course, do not include overland
receipts or
Southern consumption; they are
simply a statement of the
weekly movement from the plantations of that part of the. crop
which finally reaches the market
through the out-ports.
169,000
11.750
63.750
Plantations.—The
plantations.
41
1,635,247 1,323,403
Total visible supply
Price Mid. Upl.. Liverpool
132.000
173.737
13,357
200
the
times misleading, as they are made
up more largely one year
than another, at the expense of the interior stocks. We
reach,
649,000
355,000
from
for the purpose of indicating the actual movement
prepared
week from the
Total visible supply
2.335,067 2,030,203 1,501,S08 1 ,823,794
Of the aoove, the totals of American and other
descriptions are as folio w>:
American—
liverpool stock
tVoL. XXXII.
32,429 115.038
96,190
81,172
98,428
88,232
8I,<=75
13,951
6 461
42,177
33,080
35,273
80,517
25,347
11,074
11,068 23 51*
1,471
4,005
2,210
2,983
4.518
1,022
18,022
17,119
8,493
The above statement shows—
1. That the total receipts from the plantations since
Sept. 1 in
1880-81 were 5,687,971 bales; in 1879-80 were 4,898,948 bales; in
1878-79 were 4,440,474 bales.
2.
That, although the receipts at the out-ports the past week
23,476 bales, the actual movement from plantations was
only 17,119 bales, the balance being taken from the stocks at the
interior ports: Last year the receipts from the plantations
for
the same week were 8,493 bales and for 1879 they
were 2,210
bales.
were
Weather Reports
Telegraph.—The past week the weather
dry almost everywhere and excessively hot
in the Southwest. These conditions have been in
general very
favorable for the cotton plant. Showers would now be
very
beneficial in Texas, where corn is in great need of rain.
Galveston, Texas.—The weather has been warm and dry
has been
warm
by
and
during the past week throughout the State. Corn is suffering
dreadfully
from drought, and the crop will be short unless it
376.545
287,937
81,875
81.172
rains within a week. Cotton also needs rain, but as
yet is not
6.200
9,000
3,000
200
suffering much. The fields are clear of weeds, but the weather
Total American
1,670,620 1,361,109
995,221 1,33L,177 is too dry for
satisfactory work. The thermometer has averaged
East Indian, Brazil, die.—
liverpool stock
211,000
252,000
145,000
86,
ranging
from
80 to 94.
169,000
London stock..
50,600
52,200
45,750
11.750
Continental stocks
Indianolat
have had no rain during the past
Texas.—We
121,220
72.690
42,400
63.750
India afloat for Europe
292,000
309,000
332,000
We are needing it badly, especially for corn.
244,000 week.
Average
Egypt, Brazil, Ac., afloat
45,000
27,000
12,000
12,000
thermometer 86, highest 95 and lowest 77.
Total East India, <fec....
719.820
712,800
577.150
500.500
Corsicana; Texas. —The weather during the past week has
Total American
.1,670,620 l,3Gl,l(J9
995,221 1,331,177
been terribly hot and dry. Rain is needed badly ; all
ciops are
Total vlBibio supply
2.390,440 2,073,909 1.572.37L 1.831.677
suffering, particularly corn. The thermometer has ranged from
rSjTThe imports into Continental ports this week have bean
75 to 104, averaging 87.
14,500 bales.
These figures indicate an increase in the cotton in
Dallas, Texas.—We have had no rain during the past week.
sight to¬
night of 316,531 bales as compared with the same date of 1880, an The weather is as hot as Egypt. We are needing rain
badly,
increase of 818,069 bales as compared with the
corresponding but for corn more than for cotton. Average thermometer 87,
date of 1879 and an increase of 558,763 bales as
compared with highest 104 and lowest 74.
1878.
Brenham, Texas.—The drought is getting very troublesome.
At the Interior Ports the movement—that is the
Cotton needs rains and corn is nearlv rained.
The thermometer
receipts
and shipments for the week, and stocks
to-night, and for the has ranged from 77 to 97, averaging 87.
Waco, Texas.—The weather has been dry and intolerably hot
corresponding week of 1880—is set out in detail m the following
statement:
during the past week. Crops are suffering for rain, especially
corn.
The thermometer has averaged 87,
ranging from 76 to
Week ending June 24. ’81.
Week ending June 25,
Continental stocks
American afloat to Europe
United States stock
United States Interior stocks..
United States exports to-day..
355,«'0U
132,000
173,737
21,240
.
’80.
Receipts. Shipm’ts
Augusta, Ga
Columbus, Ga...
Macon, Ga
Montgom’ry.Ala.
Selma, Ala
Memphis, Tenn..
Nashville, Tenn.
Total,old ports..
Dallas, Texas.
..
Jefferson, Tex...
Shreveport, La..
Vicksburg, Miss
Columbus, Miss,.
Eufaula, Ala....
Griffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C..
180
865
247
22
111
116
593
259
493
244
1,300
551
Stock.
Receipts. Shipm'ts
Stock.
2,553
1,209
8,837
3,278
3,999
2,595
2,705
19,176
5,832
120
82
19
301
36
546
82
2,557
6,221
46,502
1,186
10,098
43,466
375
240
2.86
345
fill
20
305
21
2,186
20
20
188
58
43
45
492
58
38
192
19
190
57
100
75
11
424
78
14
109
14
536
123
641
....
615
2,510
872
445
1,143
io
175
7,273
818
1,811
52
655
333
5,668
7ul
6,419
3,W94
1,336
3,031
990
21,536
6,260
1,073
143
173
1,200
871
51
41
120
840
5,898
19,618
4.600
7,503
1,320
155
741
316
150
Cincinnati, O....
1,446
4,135
3,555
4,817
11,556
8,132
4,837
5,179
Total,
7,906
10,599
35,373
6,235
12,341
37,706
lO. '8-4
1 O.ft’A
>31
7.1° 1
22.431
8!
St. Louis. Mo
new port.*
Total, all
Q-%
130
500
I7‘2
lie above totals show that the old interior stocks have demreased during the week 3,664 bales, and are
to-night 3,033
101.
New Orleans, Louisiana.—We have had no rain
during the
past week. The thermometer has averaged 88.
Shreveport, Louisiana.—The weather during the past week
has been dry and very hot, with a rainfall of
twenty hundredths
of an inch. Average thermometer 89, highest 102 and lowest 76.
Vicksburg, Mississippi.—Telegram not received.
Columbus, Mississippi.—It has rained on one day the past
week, the rainfall reaching three hundredths of an inch. The
crop is developing promisingly.
Little Rock, Arkansas.—Telegram not received.
Nashville, Tennessee.—-We have had rain on five days the
past week, with a rainfall of one inch and sixty hundredths,
The thermometer has ranged from 60 to 97,
averaging 79.
Mobile, Alabama.—The weather has been hot and dry the
past week. The crop is developing promisingly. Good
being made in clearing the fields of weeds.
mometer 86, highest 100 and lowest 74.
is
progress
Average ther¬
Montgomery, Alabama.—We have had rain on one da^r the
with a rainfall of but four hundredths of an inch.
plant looks strong and healthy. The crop is develop¬
ing promisingly. The thermometer has averaged 86, the
extreme range being from 71 to 101.
Selma, Alabama.—The weather has been warm and dry
during the past week.. The thermometer has ranged from 68 to
1C5, averaging 88.
past week,
The cotton
THE CHRONICLE.
1881.]
June 23,
Madison, Florida.—The weather has been warm and dry
The following is an account of the
principal fluctuations in
’during the past week. The cotton crop is developing promis¬ the prices of middling upland on the
spot, and for forward
ingly, but corn crops are very poor. Average thermometer 88, delivery during the past month :
highest 90 and lowest 86.
Macon, Georgia.—We have had no rain during the past
May- June- July- Aug.Oct.- Nov.- Dec.week. The thermometer has ranged from 70 to 98,
Spot. June. July. Aug. Sept. sf
averaging 85.
Nov.
Dee. Jan.
Columbus, Georgia.—The weather has been very warm and
10
5*4
52132 52332
52933 513iq 5233* 5n,6 5“i«
dry during the past week. The crop is developing promisingly. May. 11
o\
5^8
5ll16 525J® 5 78
513i6 5a333 5lli«
The thermometer has averaged 88, ranging from 75 to 98.
26
6
6
6
6632 53132 513ls 52532 5253t
Savannah, Georgia.—It has rained on three days the past
31
51510 50164 501*4 6I3I
53132 513lrt 525S2 53t
618
week, and the balance of the week has been pleasant. The Juno 3
6964 6ii64 6932 6332 5293o
5273a
10
63ift
O1*
693,
6*8
rainfall reached forty-three hundredths of an inch. The ther¬
515„, •->29*2 5*8
mometer has ranged from 68 to 98,
The net result of the month’s fluctuations is an
averaging 83.
advance of
Augusta, Georgia.—With the exception of light rain on one 7-16d. on the spot, 13-32d. for June, 15-32d. for
July-August,.
day, the weather during the past week has been warm and dry. 13-32d. for August-September, 5-16d. for
September-October,
The rainfall reached seven hundredths of an inch.
and 3-16d. to 7-32d. for new
crops.
Crop
accounts are good, but rain is needed.
The principal spot quotations
The thermometer has
compare as follows with those
of a month since :
ranged from 67 to 102, averaging 86.
f%
•
*1
“
“
“
.
“
!
Charleston, South Carolina.—We have had showers on
three days the past week, the rainfall
reaching thirty-four
hundredths of an inch. Average thermometer
83, highest 96 and
lowest 65.
June 10...
June 23, 1881, and June 24, 1880.
Nashville....
Below high-water mark
Above low-water mark...
Above low-water mark...
Above low-water mark...
Above low-water mark...
..
.
Shreveport
Vicksburg
Feet.
4
23
7
Inch.
Feet. Inch.
9.6
8
4
9
16
2
6
0
Missing,
16
3
26
23
O
10
New Orleans
reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
1871, or 16 feet above low-water mark at that
point.
Cotton Acreage
and
columns will be found
All
Condition Report.—In
our
our
editorial
annual acreage
and condition report.
based upon and made to con¬
figures and results are
form to the census figures for 1879-80, which Mr. Walker has
very kindly sent us in great detail.
We expect in a week or
two (as soon as we can make room) to
publish the full detailed
our
census
It will
figures of cotton acreage and production in each county.
help the reader in future investigations.
Ellsion & Co.’s Circular for June.—We have this week
received Mr. Ellison’s circular, dated June 11, and
give it below:
Our last
report
was
issued
on
rernam.
O. Mid
4%
5*4
Fair.
534
6*8
63 j 8
6&|«
O.F.
65*
65a
Br'n
Egypt
Fair.
6*8
6*4
Broach.
Dhollera.
O.F.
G. F.
Good
634
634
5 Vi
5^8
55a
5*4
Fair.
4^
4*8
G.F.
4’ia
4*4
In upland there is an advance of 7-16d. to l^d. There is also a
rise of 3-16d.in fairPernam, %&. in fair
Egyptian, and l-16d. in
'
June, 23,’81. June 24, ’80.
Memphis
Q.
May 10...
The following statement we have also received
by telegraph,
showing the height of the rivers at the points named at 3 o’clock
New Orleans
Upland.
the 10th ult.
The market
was
good fair Dhollera
quoted.
;
but
no
change in the other descriptions
P. S.—June 11.
are
The market is quieter to-day.
Spot prices
but futures after opening firmly went weak,
unchanged,
fully l-64d.
and lost
•=
per
pound.
COURSE OF THE MANCHESTER
MARKET, MAY 10 TO
JUNE
10.
The Manchester market is
rarely active at this time of the
year.
It is a sort of between-seasons period in respect of the
Eastern trade, and business is
usually on a restricted scale.
The past month has only
partially exemplified the general rule.
The transactions for the East have been smaller in
volume than
in the previous month, but
larger than during the month of
past; and producers are heavier under
contract for future delivery than usual at this
period of the
season.
For other foreign
markets
fair amount of
a
business has
been going
and more
on,
activity has
been
in
home
experienced
the
trade
departments
in
consequence
of
the
favorable
harvest
prospects.
Early in the month prices gave way a little in sympathy with
the fall in cotton ; but as a rule, the tone of the market
has
varied from steady to firm, and
latterly prices have promptly
responded to the rise in the raw material. Yarns and goods
did not give way so much as cotton ; the
recovery has conse¬
quently been less important. The final prices compared with
May for several
years
those
of a month since show an advance of
%d. to %d. per
flat, owing to the depression occasioned by actual and
pound in the medium counts of yarn, and about 3d. per piece
apprehended difficulties in connection with May deliveries. in
the current makes of shirtings.
Middling Upland had fallen to 5%d. on the spot and to 5 21-32d.
MOVEMENTS DURING THE SEASON OCTOBER 1 TO MAY
for May contracts, and a still further decline was
31.
anticipated.
The weakness was intensified by the
The
deliveries
to
English and Continental spinners during
suspension of a large Con¬
tinental firm, having houses in Amsterdam,
London and Liver¬ the first eight months of the season compare as follows with the
pool, and it was feared that some trouble might be witnessed figures for the corresponding period of last season :
amongst the brokers. On the 11th May deliveries were sold a’t
Great Britain.
Continent.
55/£d., and 5/£d. was regarded as being close at hand. As no
further disasters happened, however, and as no hitch
1880-81.
occurred
1879-80.
1880-81.
1879-30.
at the Clearing House, confidence revived on the 12th
ult., and No. of bales..
thence to the 26th ult. prices recovered
2,152,020
2,015,860
1,995,400
1,836,810
%d. on the spot and
452
449
(lbs)
436
430
%d. in near deliveries; while August-September, which had Av.wght
Tot.w&ht(lbs)
972,713,010 905,121,110 869,994,400
very
touched 5%d., rose to 6 3-16d. Then came a
pause and a
reaction of l-16d. per lb.; spots and near deliveries
sinking to
5 15-16d. after having touched 6d., and
August-September
receding to 6/£d. The accounts respecting the prospects of the
crop were exceedingly brilliant, and estimates of a possible
yield of 7,000,000 bales, or over, were freely circulated. On
the 31st ult. there were signs of renewed animation.
These be¬
came more
pronounced on the 1st inst., and still more palpable
on the 2d inst., on which
day the spot sales reached 18,000
bales, including 4>000 on speculation, purchased chiefly for
declaration against June contracts. The
improvement was due
partly to the small declarations against June contracts, which
circumstance gave rise to the impression that the month was
“short,” or over sold; and partly to the satisfactory condition
of trade in Machester, which was
regarded as guaranteeing a
continued large rate of consumption for some months to come.
Moreover, the diminishing stock here, and the reduction in the
quantity afloat for this port, directed attention to the fact that
although the visible supply for the world was some 378,000
bales more than it was some twelve months
ago, the excess for
Great Britain was only 66,000 bales, and would in all
proba¬
bility be still further reduced. It was felt therefore that some
advance in prices would be necessary to attract cotton from
other places. This, and the other circumstances to which
refer¬
ence is made
above, gave confidence to both buyers and sellers,
and brought about an advance to
6%d. on the spot, and for
June deliveries, 6 9-32d. for
August-September, or a total rise
from the low rates of May 11th of %d. on the
spot, ^d. for
near
new
deliveries, and 13-3Jd. for August-September ; meanwhile
crops did not gain more than 5-32a. to 3-16d. This was
on June 3d.
In the afternoon there was a reaction of l-32d.
The market was then closed until the
morning of the 8th, when
it reopened
actively, and more than regained the fall experi¬
enced at the close of the 3d inst. With
new
improvement
ton, while
was
near
positions gained
to the demand to
slight fluctuations the
yesterday for distant cot¬
further small advance owing
maintained until
cover
a
June contracts.
789,823,300
Bales of 400
lbs
2,431,000
The rate of
2,203,000
2,175,000
consumption (in bales of 400 pounds)
1,974,000
we
estimate
at 69,000 bales for Great Britain, and 56,000 bales for the Con¬
We believe that the consumption in Great Britain is
we believe that the
deliveries from Liverpool are understated.
The amount of
this discrepancy, however, cannot be ascertained until the stock
is counted. Meanwhile, so far as can be
ascertained, the stocks at
the mills are about the same as at this time last
year.
Conse¬
quently, until the correct deliveries are ascertained, the rate of
consumption cannot be placed over/-69,000 bales of 400 pounds
per week—say 276,000 bales for tlievfour weeks in May, which,
added to the quantity previously consumed, gives 2,331,000 as
the consumption for the first eight months of the
tinent.
over
G9,000 bales per week, but against this
against 2,171,000 last
season,
season.
We have added 1,000 bales per week to the estimated con¬
sumption of the Continent, in difference to the expressed
opinion of well-informed correspondents. The fact is that both
here and on the Continent the cotton is
disappearing in a way
that is exceedingly puzzling, and it will be very difficult to
get
at the
facts of the
case
until the close of the
season.
A
con¬
sumption of 56,000 bales for four weeks gives 224.000 bales,
which, added to the 1,665,000 bales previously consumed, gives
a total of 1,889,000 as the
quantity, used in eight months.
Every one admits that the present crop is more wasty than
the previous one—probably from 2 to 4 per cent. This
may
account for a portion of the increased
consumption. Two per
cent on the consumption of Europe would be
equal to over 2,000
bales per week. Here again, however, there is a great deal of
uncertainty, and a reliable estimate cannot be made until
towards the end of the season, when it will be easier than it is
now to get an idea of the
quantity of unconsumed cotton at the
mills.
On the basis of the foregoing estimates, the movements for
the eight months of this season and last compare as follows in.
bales of the uniform weight of 400 lbs.*
THE CHRONICLE.
692
to the above totals to
Continent.
Great Britain.
we
1880-81.
Surplus stock, Oct. 1
27,000
..
1879-80.
27,000
1880-81.
137,000
94,000
2,431,000 2,203,000 2,175,000 1,974,000
Supply
Consumption, eight months
2,458,000 2,290,000 2,312,000 2,008,000
2,331,000 2,171,000 1,889,000 1,773,000
.
..
127,000
127,000
Surplus stock May 31
119,000
423,000
than at this time last year.
The surplus on the Continent includes the stocks at several
minor ports in the Baltic and in South Europe not included in
our tables.' They also include the stocks in the hands of mer¬
They are always
chants and dealers in the interior depots.
exceptionally large at this period of the season, as in many
cases they include supplies for the remainder of the season; in
instances for the remainder of the year.
marked change since the issue
market was exceedingly de¬
deliveries were selling at 5$&d., and 5 x/i d..was
confidently anticipated ; but now the market is in high spirits,
near deliveries are selling at 6%d , and 6}£d. is regarded as
being close at hand. The change is due partly to the natural
reaction from the previous undue depression, partly to the
covering in of “bear” sales made during that depression, and
partly to the alteration which has taken place in what may be
termed the local statistical position. At the end of April the
excess in the visible supply for the world wa# 572,000 bales, of
pressed,
near
which 250.000 bales fell to the share of Great Britain ; but at
the end of May the total excess was reduced to 378,000 bales,
and tliat for Great Britain to only 66,000 bales. Only a short
time ago it was thought to be certain that the stock in
Liver¬
exceed
'
pool would, some time during the middle of the year,
1,000,000 bales ; some estimates running up to 1,200,00 bales.
But the unexpectedly large proportion of American shipments
taken by the Continent has materially reduced the exports to
this port, and thereby prevented the stock from reaching the
large figuresonce anticipated. Hence it is that (the enormous
American crop notwithstanding) the present visible supply for
Great Britain only slightly exceeds that of this time last year;
while the rate of consumption is considerably larger, and the
price of Middling Uplands %d. per lb. lower—say G 3-lGd.
against 6 13-lGd. On the Continent there is no doubt an excessive supply, and it may be that some portion of the accumula¬
tions there will be sent here. There is more cotton also in the
American ports than there was a year ago, and it is not unlike¬
ly that the shipments will henceforth be proportionately
larger to England than during the previous portion of the
season.
All this is merely a matter of price.* There is enough
cotton for the requirements of the world for the balance of the
season, but the quantity now in existence requires redistribu¬
tion; and the question is what price will be sufficient to bring
about such an equalization of stocks as shall give England the
supply she requires.
Jute Butts, Bagging, &c.—There is a good demand for fair¬
sized parcels, and the market is steady in tone. No large lots
are moving, but in small orders for present wants we hear of
sales to the extent of 800 rolls. Holders have not changed
their figures, and we continue to quote 9%c. for 1% lbs.,
10c. for 2 lbs. and 10y£@llc. for standard qualities.. Jute butts
are in better request, and there is a firm feeling among sellers.
Some activity has been shown for parcels and sales have been
made since our last of 500 bales—part, spot and part to arrive—
at 2%@2%c. At the close the market is steady at 2%@3 1-16c.,
according to grade.
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 may
constantly have before him the data for seeing the exact relative
named. The movement each month
September 1 has been as follows:
movement for the years
since
Year
Monthly
Receipts.
1880.
Sapt’mbT
October..
45S.478
908,31"
Novemb’r 1,006,501
Decemb’r 1,020,302
January
February.
571,701
March...
.476,582
284,216
190,054
.
April....
May
572,728
1879.
333,643
838,492
942,272
956,461
647,140
447,913
261,913
158,025
110,006
Bey inning September 1.
1878.
1S77.
1876.
233,348
639,264
573,533
779,237
822,493
893,664
613,727
566,324
303,955
167,459
84,299
900,119
236,86s
675,260
901,392
737,769
639,610
500,630
472,03 1
419,686
132,937
100,191
98.491
340,525
197,965
90,311
63,939
1877.
1876.
31 5,519,410 4,748,873 4,392,277 4,196,104 3,903,725 4*013,875
8/
2,694
2,269
1,351
5,376
1,962
“
8.
2....
2,000
1,254
3,731
2,034
3,903
S.
3....
2,014
2,3'9
6,351
3,2 49
1.573
8.
2,821
1,886
2,396
“ 4....
4,560
5,3-12
“
2.309
S.
5....
1,014
1,243
2,316
2,714
6....
8.
1,812
1,704
1,557
1,110
4,790
“
833
7....
5,049
1,247
2,400
6,129
1,925
8.
8....
1,531
1,401
2,691
1,312
3,306
8.
9....
1,186
2,913
1,748
4,381
1,528
954
8.
10....
2,013
2,666
4,934
L209
11....
1,142
1,584
8.
3,598
1,862
3,793
875
3.061
12....
8.
3,481
1,020
2,149
S.
13....
1,060
1,170
1,385
6,754
1,543
Tot. My
June 1....
“
,
“
“
“
.
“
“
“
“
“
14....
“
15....
5,719
3,741
PROSPECTS
The situation has undergone a
our last report; then the
1878.
1879.
1880.
1831.
295,000
136,000 bales more for all Europe
of
,
•
The surplus stocks at the mills are therefore 8,000 bales more
for Great Britain and 128,000 bales more for the Continent, or
some
May 31 the daily receipts since that time
comparison of the movement
shall be able to reach an exact
for the different years.
1879-80.
Deliveries to May 31...
fVor.. XXAli.
1875.
“
16....
3,260
“
17....
“
18....
4,951
2,709
1,021
4,037
S.
640
724
1,505
1,121
1,136
719
1,773
2,279
4,462
1,186
1,360
1,075
662
“
19....
“
20....
“
21....
“
22....
4,597
3,790
3,793
“
23....
4.001
3,719
1,126
24..
4,533
2,417
515
8.
8.
1,586
8.
784
S.
449
1,581
1,837
3,107
2,097
1,210
1,375*
1,614
S69
2,786)
1,102
3,573
8.
2,192
2,356
2,914
2,587
'
4,602
8.
3,111
607
1.165
1,599
S46
901
2,004
1,367
8.
S.
1,54.8
Total
5,646,168 4,818,983 4,417,120 4,233,036 3,933,610 4,016,905
Percentage of total
96-5(>
99 32
96 31
97-41
1 97-11
port rec'ots J’ne 21
This statement shows that the
receipts since Sept. 1 up to
to-night are now 827,180 bale.s more than they were to the same
day of the month in 1880 and 1,229,013 bale.s more than they were
to the same day of the month in 1879.
We add to the table
the percentages of total port receipts which had been received to
June 24 in each of the years named
India Cotton Movement from all Ports.—The figures which
are now collected for us, and forwarded by cable each Friday, of
the shipments from Calcutta, Madras, Tuticorin, Car war, &c.,
enable us, in connection with our previously-received report from
Bombay, to furnish our readers with a full and complete India
m veinent for each week.
We first give the Bombay statement
for the week and year, bringing the figures down to June 23.
K EC BUTS AND SHIPMENTS
UO.1111 AY
Great
Brit'n.
Conti¬
1881 22,000 24,000
1880 1*2,000 21,000
1879 4,000 6,000
1&78
11,000
Conti¬
Great
Britain
Total.
nent
YEARS.
Shipments since Jan. 1.
Shipments this wee/:.
Year
FOR FOUR
46,000
33,000
10,000
11,000
Total.
nent.
239,000 457.000
330.000 432,000
223,000 231.000
256,000 349,000
Receipts.
This
Week.
696,000
762,000
504,000
605,000
Since
Jan. 1.
34,000 1,006,000
23.009
991,000
20,000
727,000
19,OOo
811,000
According to the foregoing, Bombay appears
to show an
compared with last year in the week’s receipts of 11,000
bales, and an increase in shipments of 13,000 bales, and the
shipments since January 1 show a decrease of 66,000 bales.
increase
The movement at Calcutta, Madras, Tuticorin,
the same week and years has been as follows,
Carwar, &c., for
CALCUTTA, MADRAS. TUTICORIN. CARWAR. RANGOON AND KURRACHBE.
Shipments since January 1.
Shipments this week.
Year.
Great
Britain.
Conti¬
nent.
1881
1880
1879
1878
Total.
**
1,000
i,6oo
Great.
Britain.
Conti¬
nent.
175,000
67,000
Total.
212,000
4,000
13.000
142,000
87,000
229,000
9,000
36,000
25,000
49,000
35,000
10,000
15,000
For tiie past few weeks we have omitted from the above table
(Calcutta, Madras, &c.f) this year’s weekly figures, as we found there
were inaccuracies in them as cabled to us.
We are, however, making
new arrangements, under which we hope not oiilv t.j prevent errors, but
also to greatly improve this feature of our report.
The above totals for this week show that the movement from
the ports other than Bombay is
bales
than for the
same week last year.
For the whole of India, therefore, the total
shipments this week ard since January 1, 1881, and for the cor¬
responding weeks and periods of the two previous years, are as
follows.
EXPORTS TO EUROPE FROM ALL INDIA.
169,077
610,316
740,116
821,177
637,067
479,801
300,123
Bombay
103,593
This last statement affords a very interesting comparison
total movement for the week ending June 23, and for the
92,600
1881.
to
1879.
1830.
Shipments
all Europe
from—
This
week.
Since
Jan'. 1.
This
week.
Since
Jan. 1.
46,000
696,000
33.000
762,000
1,000
All other p’rts
Total
46,000
696,000
This
week.
Since
Jan. 1.
242,000
10,000
13,000
504,000
229,000
34,000 1.004,000
23,000
733,000
'
of tne
three
to date, at all India ports.
Shipments.—Through arrangements
Perc’tage of tot. port
we have made with Messrs. Davies, Benachi & Co., of Liverpool
96 55
96*67
95*77
93-73
94'tyt
receipts May 31...
and Alexandria, we now receive a weekly cable of the movements
This statement shows that up to May 31 the receipts at the£ of cotton at Alexandria,
Egypt. The following are the receipts,
ports this year were 890,537 bales more than in 1879-80 and and shipments for the past week ana lor the uoiresponding wetni
1,157,133 bales more than at the same time in 1878-79. By adding of the previous two yearsh
Total year 5,549,410 4, < 43,813 4,392,277 4,196.101 3,903,725 4,013,875
years up
Alexandria Receipts and
THE
25, 1881.]
Juke
Alexandria, Egypt,
Receipt* (cantars*)—
0.000
This week....
Since Sept. 1
This
week.
Charleston—To Barcelona, per brig Eduviges, 480
1,000
3,204,000
2.766,000
Since
This
week.
Sept. 1.
1,589,000
*Since
This
week.
Sept. 1.
693
Total bales.
1879.
1880.
1881.
June 23.
CHRONICLE.
Since
Sept. 1.
480
3,856
2,325
Texas—To Liverpool, per ship Nonantum, 3,856
Norfolk—To Riga, per bark Batavia, 2,325
Baltimore—To Liverpool, per steamer Nova Scotian, 2,066
To Bremen, per steamers Baltimore (additional), 337
2,066
Braunschweig (additional), 201
Hanover, 225
Leip¬
zig, 711
Boston—To Liverpool, per steamers Batavia, 430
Iberian,
1,474
802
Exports (bales)—
To Liverpool....
To Continent...
1,000 236,500
139,632
750 289.250
580 172,727
168,000
76,500
1,000 376,132
1,330 461,977
244,500
1,232
Philadelphia—To Liverpool, per steamer Pennsylvania, 660..
600
Total
Total
*
A cantar is 98 lbs.
form,
This statement shows that the receipts for the week
Jane 23 were 6,000 cantars and the shipments to all
were
Manchester Market.—Our report received from Manchester
to-night states that the market is quiet for twists and shirtings,
and that prices are unchanged.
We give the prices of to-day
below, ana leave previous weeks’ prices for comparison:
1881.
7Q
44
May 6
44
13
20
27
44
<«
June 3
44
10
17
24
44
44
Shirtings.
d.
d.
8^®
8^8®
85a®
85s®
85g®
85s®
8\®
5*2®7
5 *2® 7
5 *2® 7
512®7
5*2*7
5*2®7
5*a®7
5 *2® 7
o12®7
5 *2® 7
d. 8.
9 »8 6
9*2 6
9*2 6
9*2 6
9*2 0
9*2 6
9*2 6
S78® 9 u? 6
87e® 9*2 6
878® 9*2 6
Apr 22
CotVn
Mid.
s.
32* Cop.
Iwist.
Up ds
d
d
8*2
8*2
8*2
8*2
8*2
8*2
8*2
8*2
8*2
8*2
d.
CotVn
8*4 lbs.
Mid.
Shirtings.
d.
Uplds
d.
s.
d.
7 0
®8 0
6 10*s®7 10*2
® 10*2 6 9 ®7 9
® 10*4 6 7*2®7 7*2
® 1 0*4 6 9 ®7 9
® 10*4 6 7*2®7 7*2
®10*4 6 7*a®7 7*2
® 10*4 6 7*«®7 7*2
® 10*4 6 7*2®7 7*2
® 93* 6
4*a®7 6
H.
5*&10 103c ®1078
5«&,f 10*8 ®10$i
9\
9*2
9*2
9*2
9*2
57*
5^
578
5**16
6*16
9*2
63is
63,«
63,6
9*2
9
are as
d.
615i3
6*3ie
678
6**i6
6*3i6
6**18
65g
6**18
6*3lb
Bremen
dt Ham-
Liver¬
Havre.
pool.
New York
N. Orleans
4,022
14,721
burg.
633
578
5,620
1,459
Barce-
Ter a
Iona.
Crxut.
Riga.
Total
5,233
21,980
480
180
Charleston
480
Texas
Norfolk
Baltimore
Boston
3,856
3,856
2,325
2,325
2.066
1,474
3,540
1,232
600
Te*.al
26.497
Below
usual
our
follows:
Philadelp’a
1880.
844 lbs.
39,246
particulars of these shipments, arranged in
ending
Europe
1,000 bales.
32s Cop.
Tioist.
The
1,232
600
6.253
3,511
480
2,325
39,246
180
give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
we
Haytien, steamer (Br.), from Galveston, via Port Eads, for Liverpool,
collided May 30 with the bark Flora P. Stafford, from Bordeaux
for New York; damaged port bow and put into Fayal, where she
repaired; arrived at Liverpool June 17. Captain Miller died or
the passage. Tbe bark was abandoned in a sinking condition.
Enoch Tkain, ship (Br.), before reported, from New Orleans for Liver-
Sool, 14.
taken into Havana and there beached, was condemned on
une
Cotton
freights the past week have been
follows:
as
6\
-
The Exports
Cotton from New York this week show
of
Satur.
a
decrease, as compared with last week, the total reaching 5,233
bales, against 7,429 bales last week. Below we give our usual
table showing the exports Of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since September 1, 18S0, and in the last column
the total for the same period of the previous year:
Exports op Cotton (bales) from New York since 8ept. 1.1880.
Exported to—
Liverpool
Other British
Total
ports.
Great Britain
to
ending—
Same
Total
since
period
previous
Sept. 1.
year.
June
1.
June
8.
June
15.
June
22.
4,038
8,103
5,142
300
599
1,000
4,022 349,988 406,173
21,016 28,500
4,338
8,702
6,142
4,022 371,004 434,673
Havre
Other French ports
1,103
500
552
633
34,700
1,499
29,418
Total French.
1,103
500
552
633
36,189
29,418
990
350
375
10
509
69
200
950
50
51
39,427
19,497
39,319
35,200
18,975
24,245
Total to North. Europe
1,190
1,051
735
578
98,243
rS,4‘20
S^ain,
Op’rto, Gibralt’r,<feo
All. other
667
1,000
3,570
1,745
5,262
3,406
Bremen and Hanover
...
Hamburg
Other ports
-
Total Spain, &c
<4rand Total
667
7,298
...
5,315
1,000
11,2531
7,429
8,668
5.233 510,751 551,179
The Following are the Receipts of Cotton at New York,
Boston, Philadelphia and Baltimore for the past week, and
since September 1. 1880:
New York.
Receipts
from—
This |
week.
N. Orl’ans
Since
Sept. 1.
2,855 165,669
1,226 102,932
2,274 234,895
Texas....
Savannah
Mobile
Florida.
S.Car’lina
N.Car’linu
Boston.
This
week.
544
...
i
4,848
891 145,358
355 42,390
.
Virginia..
312 221,662
North, pte
4,883
Tenn., &o.
743
153
Foreign..
169,733
4,231
Baltimore.
Philadelphia.
Sines
Sept. 1.
7,220
3,391
27,196
8»205
This
week.
Since
Sept.l.
This
week.
Since
Sept. 1.
3,213
166
23,913
766
60,168
Havre, steam
Do
65,528
2,556 164,881
770 119,199
129
37
22,549
19,463
1,122
94,648
132
i.,94'5
61,981
642
45,007
1
/
This year.
8,Si0
Last year
14,979
*
1.096,651.
*
4,555 398,151
2,111 89,138
2,567 241,967
1
3.638 414,397
602 85.393
1,272 181.916
t 1,059,541
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
39,246 bales.
So far as the Southern ports are concerned, these
the
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 Wednesday
night of this week:
are
same
Total bales.
New York—To Livernool, per steamers Baltic,
1,901
Celtic, 125
480
Biela,
Spain, 861
City of Montreal, 620
Wisconsin, 35
To Havre, per steamer France, 633
To.Bremen, per steamer Nurnberg, 250
Rhein, 259
To Hamburg, per steamer Lessing, 69
New Orleans—To Liverpool, per steamers Arago, 3,641
4,022
633
509
69
Gallego, 6,230....Seindia, 4,850
To
Havre, per ship Eliza A. Kenney, 4,081
Harold, 1,539
To Bremen, per bark Areiduco Rodolfo, 1,459
To Vera Cruz, per steamer Whitney, 180
per
14,721
bark
...
5,620
1,459
180
Fri.
Do
•
•
•
•
....
•
•
•
•
•
'
c.
Bremen, steam.
•••
e.
•
Hamburg, steam, d.
•
•
s8®13
38®*2
....
....
sail...d.
Do
»
....
38® *3
....
....
....
....
®8®*3
*8® *2
3g®*a
30**2
....
....
....
*8®*3
....
*2
'
....
d.
sail
•
*3
sail...d.
Do
•
*8® *3
Amst’d’m, steam.c.
Baltic, steam
•
38® *2
....
•
•
....
39®^
,e.
sail
....
510
516
1964 932®1964
c.
....
....
....
....
51«
19*4
*18
1964
*10
1904
516
1#64
Compressed.
Liverpool.—By cable from Liverpool,
statement of the week’s
sales, stocks, &c
Sales of the week
bales.
Of which exporters took
Of whieh speculators took..
8ale8 American
Actual export
Forwarded
Total stock—Estimated
Of whieh American—Estim’d
Total import of the week
Of which American
Amount afloat
Of which American
we
.,
have the
14,000
8,200
902,000
691,000
43,500
June 17.
37,500
1,700
2,100
28.500
6,800
5,500
49.000
3,300
904,000
684,000
906,000
693,000
63,000
51,000
47.000
37,500
257,000
145,000
following
at that port:
June 10.
59,dOO
3,000
6,200
48,000
....
25,500
261,000
149.000
June 24.
37.000
57,000
1,860
2,900
45,500
6,900
11,000
9,000
3,200
8,700
888,000
677,000
52,000
235,000
38,000
215,000
133.000
105,000
The tone of the Liverpool market tor spots and futures each day of the
week ending June 24, and the daily closing prices of spot cotton, have
been as follows: -
Saturday Monday.
Spot.
Dull
and
easier.
Market,
12:30 p.m
Mid. Upl’de
Mid. Orl’ns
Market.
?
5 P. M.
$
Sales
685
e.
sail
...—
2,402
Thurs.
*
*64 ® *4 **64® *4 **04® *4 1164®14
532®7*3 532®732 632®732 532®732
1832_710* 13»ir7i«* 1332*
1S32*
l332*
1332*
sail...d.
Do
June 3.
■
Wednts.
Tuts.
Liverpool, steam d. 1332®7ie *33*®716
Do
Week
Mon.
Spec.<fcexp.
Tuesday.
Wednes.
Thursday.
Friday.
Dull.
Firmer.
Harden’g.
Quieter.
Easier
fr’ction’ly
6*8
cheaper.
6*8
6*i«
6*i«
6*8
0*1*
6*8
6»lt
63ie
6*s
6310
6*4
6,000
8,000
1,000
7,000
1,000
500
10,000
1,000
12,000
2,000
10,000
1,000
Futures.
Market,
5 P. M.
Closed
Steady.
Dull,
Firm.
Firm.
but
Steady.
Quiet.
steady.
-
The actual sales of futures at Liverpool for the same week are given
below. These sales are on the basis of Uplands, Low Middling clause,
unless otherwise stated.
Saturday.
Delivery.
June
June-July
d.
6iio
6*ie
Delivery.
July-Aug
Aug.-Sept
Sept.-Oet
d.
I
d,
Delivery.
63<,2®i1(5 | Oct.-Nov
6&32® *8 I Nov.-Dee
6 |
52733
513i«
Monday.
June
June-July
6*1©
..6*i<s
6*16
6*e
6
Oct.-Nov
Nov.-Dee
52732
518i«
Oct.-Nov
6
52732
July-Aug
Aug.-Sept
6*8
6*i«
5**i*
July-Aug
Aug.-Sept
Sept.-Oct
Tuesday.
June-July
July-Aug
6*32
--.63.32
63S2
June
6*8
Aug.-Sept
6B32
June-July
6*8
June
6*6
June-July
June
Sept.-Oct
Nov.-Dee
Wednesday.
June-July
6*8
July-Aug
6*8
Aug.-Sept.. ..G316®732
Sept.-Oct
6
Nov.-Dee
5i3lc
June
63i«
July-Aug
Aug.-Sept
Aug.-Sept
Sept.-Oct
Oct.-Nov
6316
Nov.-Dee..
June
63 lQ
June-Jnlv
6*4
6*32 j July-Aug
Bo j Sept.-Oct
6i16®332
576®293j
j Oct.-Nov
..
52732®Vg
:663r
65*2
..6**2
6*33
1*
....S37^
694
THE CHRONICLE.
Thursday*
Delivery,
d.
Jun e-July
.67*2
-673e
Delivery.
Aug.-Sept
8ept.-Oot
Jalj-Aug.
.6732
Oct.-Nov
June
Jane
July-Aug.
Aug.-Hept
Juno
■•693B
Juue-July
-
Oot,-Nov..
Delivery,
69^2
63:a2
52932
Friday.
Nov.-Deo
..6732
67.32
■
d.
578
6316
GSjg
Comparative shipments of flour ancj grain from the
ports from Dec. 27 to June 18, inclusive^ for four years:
d.
Nov.-Deo..
June
578
63,e
June-July
6*1«
July-Aug
63ie
Sept.-Oct.
?l716
578
Oot.-Nov.
1881.
Fiour..^ ....bbls.
Wheat
bush.
Com...,
Oats
Barley
Rye
BREADSTUFF S.
1880.
4,020,600
1879.
2,504,579
61*833.364
40,017,33*
14,989.984
1,972,633
1,026,906
1878.
3,215,576
24,039,096.
53,944,654.
10,834,601
1,572,703
923,461
same
;■
2,756,333
25,020.223
37,960,581
9,854,833
1,968,932
1,331,505
25,637.545
33.479,603
7,442.214’
1,506,376
3,344,285
Total grain.... 119,860,225
91,364.515
76.136,189
72,410.083
Rail shipments from Western lake and river
ports for the
weeks ended:
Friday. P. M., June 24, 1881.
There has been
[Vol. xxi n.
upward tendency to prices of flour in the
past week. The demand was not very active, but the offerings
1881.
1880.
1879.
1878.
Keek
Week
Week
Week 1
were limited, and the upward tendency of wheat
strengthened
June 18.
June 19.
June 21.
June 22.'
bbls.
the views of holders. All grades were wanted, and had a Flour......
86,413
63,399
08,864
62,943
general sale, to the extent of supplying the immediate wants WheTt..
bush.
220.897
372,724
2*)3,920
196,2781
861,470
1,295,793 1,412,021
of buyers. To-day the market was quieter, but prices were Com.
152,003Oats...j
715,3-7
121,356
433,910
188,301
Barley
17,133
steady.
20,818
16,089
6,408
19.702
28.171
44,d23
5,265;
The wheat market has been advancing. Letters from all Rye
Total
1.364.794
1.838.864 2,180,493
548,235 *.
parts of the winter-wheat section, east of the Mississippi River,
Rail and lake shipments from same ports for last four weeks:
put low estimates upon the probable yield, and these with a
•
Week
good current demand. A feature of the business of the week
Flour,
Wheal,
Corn,
Oats,
Barley,
Rye, ;
enama—
oois.
busn.
bush.
bush.
bush.
bush.
Is the large quantity of spring wheat taken for export, on the June
18...164,417 1,256,573
3.198,333
944,493
17,133 19.702 t
11...203.026 1,115.360
3.639.52 4 1,321.502
22.339 18.969
fpot and for early arrival, amounting yesterday and to-day to June
June 4...156,193 1.145.781
2,837.824
910,563
23.545
l *,007 :
fully half a million bushels, at $1 24@$1 26. To-day the market May 23...202.469 2,140,863 2,747,331 1,076,312
43,717 38,911
for winter wheat was scarcely so strong, No 2 closing at about
Tot.. 4 wkg.726,105 5,658.579 12,483.017 4,252.873
107.239 96,589
$1 30 on the spot, $L 29 for July, and $1 27M for August. The 4w’ka’80..494.545 9.215,299 15,446,269 3,039.940 106.394 152,982
activity and excitement was naturally followed by some reac¬
Receipts of flour and graiu at seaboard ports for the week \
ended June 18:
tion. No. 1 white sold yesterday at $1 2834- To-day this
Flour,
Wheat,
Corn,
Oats,
Barley,
Rye,
grade was nearly nominal.
Atbbls.
bush.
bush.
bush.
bush.
bush.
New
York
106.826
1,439.892 1,061,797 418,150
Indian corn has also advanced, from sympathy with the
17,032
Boston
55.641
56,000
554,394
186,395
1,500
Portland
speculation in wheat; but supplies have been moderate, and
2,650
5,600
2,200
Montreal
18.112
219,924
65,212
2,024
to-day the export demand was quite active, the sales including Philadelphia... 26,875 344,397
83,000
138,600
118,150
500
an
.
~
.
’
40,000 bn. old No. 2 mixed at 58c. in store; white corn has been
neglected and closes nominal. No. 2 mixed for future delivery
closes at 57}£c. for July and 57%c. for August.
Rye has declined, with sales of round lots at $1 08@$1 08)£c.
Barley is entirely nominal. Oats have been variable and
unsettled, and to-day were decidedly lower, No. 2 graded being
quoted at 43^'®44c. for both mixed and white, and No. 2 mixed
at 43c. for
July and 37%c. for September.
The following are
Flour.
4 20® 4 50
4 85® 5 20
do XX and XXX...
Wis.
Minu. rye mix.
5 35'it
5
Whiter shipp’g extras.
do XXandXXX...
Patents
5
5
6
City shipping extras.
Southern, bakers’ and
6
6 75
75 3- 6 00
10® 5 50
65a 7 00
5o® 8 50
15® 6 50
6 25® 7 50
5 40® 6 00
5 45® 5 80
family brands
South’Ll ship’g extras.
Bye flour, superiine..
Com meal—
2 85® 3 25
3 35® 3 40
Western, &c
Brandywine, <feo....
Wheat—
$1 10
124 ®Ll6
1 16 ® l 34
1 291a®l 30*4
1 18
®1 30
50
®
59
59 *4
58
®
61
....®....
57
cb
60
Red Winter
Red winter, No. 2
White
Corn—West, mixed.
West. No. 2, new.
Western yellow..
Western white
South, yell’ w,uew
South, white,new
...
....®...
Rye
106
Oats—Mixed
White
® 1 09
®
44
®
43
42
43
Bailey—Canada W.
»
State, 4-rowed...
State, 2-rowed...
Receipts of flour and grain at Western lake and river ports
for the week ending June 18, 1881:
At—
Wheat,
bush.
Corn,
bush.
(Stubs.)
imibs.)
Chicago
49,551
Milwaukee
91.642
421.200
1,085
7.223
Oats,
Barley,
bush.
bush.
(32 lbs.) (48 tbs.)
Rye,
bush.
(56/6* )
10.107 14,674
37,650
9,970
900
400
560.976 1,9 >0.266 1,174,767
201.691
59,671
i 0,500
235.405
13,050
341.610
8,253
39,900
826,915
10/248
2,541
26,585
166.777
1.000
1.673
7,300
1,618
336,000
180,050
10,050
900
177,793 1,496,751 3,486,094 1,657.013
Same time'80. 92,963
833,723 3,747.374
941,689
63,921
19.620
27.562
Toledo
Detroit
Cleveland
Bt. Louis
Peoria
Duluth
2,374
24.273
1,645
83.516
10,070
Total..
Total
receipts at
same
Wheat
bbls.
bush.
32,297
ports from Dec. 27 to June 18, inclu¬
1830.
4.127.895
2.671,853
1879.
3,069.012
1873.
2,741.613
27,921.005
48.164,063
20,663.044
8,784.671
22,345,735
23.476.376
Cora
Oats..
Barley
70,679.443
43.330,145
14,332,265
2.450,766
13,424,026
Bye..:
811,584
1,066,598
1,492.832
42.723,223
11,718,826
2,780.174
1,855,718
94.831.530
110.874.812
89.031.215
86.998.951
Total grain....
2,307,836
Comparative receipts (crop movement) at
August 1 to June 18, inclusive for four years:
flour
bbls.
Wheat
bush.
Porn
Oats
Total grate...*
r
same
2,024
1,524
1(^538*
27,724
Total receipts at same ports from Dec. 27 to June 18, inelusive, for four years :
1881.
Flour
1880.
1879.
1878.
bbls.
6,171,053
4,194,843
4,706,236
bush.
38.699,822
45,797,228
11,197,918
2.019,337
868, lo6
3i.321.805
65,423,852
11,406,542
1,582.202
39.995.776
758,960
58,217,968
9,857,546
1,450,992
1,926,990
93,582,541
113,493,391
111,449,272
Total grain
....
ports from
1880-81
1879-80.
1878-79.
7,802,025
5,891,104
5,803,598
74.602.006
60.641,738
84.575.142
103,950,976
41,795.549
71,403.240
111.80*,978
88,100.540
29,333.838
11,672,493
27.755,520
10.318,510
77,812,844
9,449,581
3.263,890
8.889,284
24.130,383
9,259.033
4.419,175
3,832.535
1877-7«.
5,517.007
241)2234,41* 233,970,030 211,528.270 186,441.041
f
J
3.962,028
33,477,514 *
56,933,502
9,034,270
2.374,466 2,271,597 .’
104,141,349
Exports from United States seaboard ports and from Montreal
for week
,
ending June 18, 1881:
From—
New York
Boston
Portland..
Montreal
Flour,
bbls.
70,659
17,310
5,653
4,927
3,36 L
Wheat,
bsuh.
Corn,
1,200,491
8J.493
17.863
Total for w’k 119.778
Same time ’80. 122.158
2,350,541
3.956,820
Baltimore
New Orleans..
Oats,
bush.
•
215.690
254,321
339,240
260.306
Philadelphia..
Rye,
bush.
Peas, \
bush.
824,806
65,499
....'
5,255
158,949
55,894
120,164
317,691
190,303
880
bush.
4,013
10,910
51,532 111,267
1,677,412 62,029 55,545 122,177
3.033,352 122,124 121,971 57,909
supply of grain, comprising the stocks in granary
principal points of accumulation at Lake and seaboard
poits, and in transit by rail and water, June 18, 1881, was as
at the
follows:
In store at—
New York
Do. afloat (est.)
Albany
Buffalo
Milwaukee
Duluth
Toledo.
Detroit
4
Oswego
.;
3t. Louis
Bostou
Wheat,
Corn,
bush.
Oats,
bush.
bush.
357,696
494,000
1,867.741
707,813
Torouto
388,000
27.000
19,000
491,627
459,840
1,507,688 3.139,359
3,927
8,665
5.000
278,355
4,558.694
2,117,156
782.043
416.662
278.563
55,000
424.2*1
165,893
Montreal
Peoria
193,007
514,739
22,164
Indianapolis
179 300
Kansas
769.815
5,000
711.305
7.144
City
Baltimore
Down Mississippi.
Ou rail
On lake
Canal
75,779
920,073
May 21. ’81
'80
Rye,
bush.
bush.
19.493
67.727
12,000
22,500
958
32.709
11.510
10,009
...
4.200
35 933
18.102
•
96,871
29,305
902,883
305,848
.
74.470
568.846
145.781
133 106
67,703
250,219
47,703
291,446
480,086 -1.615.642
987,973 2,046,422
1.283,060 1,428,000
202,331
120.039
19,537
5 i ,968
90.000
283,103
35.000
2.456
16.721
6,249
348
100
43X
5,235
•
•
•
-
•
499
29,526
1,121
839.150
20,538
21,71)8
127,413
321.569
361.058
513.092
737.51)2
181.974
276,108
287.506
327.327
267,557
293,426
234,005
197,788
112,000
Tot. June IS. 1881 16.441.330 11.783.877 6,644,299
June 11.’81
17,220.573 11,522,238 6.332.463
June 4.'81
16,233.025 10.301.450 5,209,563
May 28,’81...... 14.909,921 9.822.823 4.5*9,330
June 19,
Barley,
50.000
50.385
Philadelphia
1881.
21.405.163
868,445
519,561
Ohloaa’o......
sive, for four years:
flour
Total week... 248.S50 2.480.539 2.611,013
Oor. week ’80.. 176,876 2,397,967 4.289.402
1,500
The visible
(From the “ Xew York Produce Exchange Weekly.")
bbls.
(196 lbs.)
28,333
®1 23
Pe is—Can’da.b.&f.
Flour,
50.000
Bye
Spring
Spriug, No. 2
343,750
203,500
254.550
17,949
Barley
drain.
Spring superfine
Spring wheat extras..
20,797
375,618
Wheat
Corn.1
Oats
closing quotations:
Ho. 2
$ bbl. $3 10 ® 3 75
Winter superflue
4 40® 4 73
Baltimore
New Orleans...
16,561,830 11.233,009 3,721.218
15,550,196 17,501,027 2,302,798
The
following statement, prepared by the Bureau of Statis¬
tics, will show the exports of domestic breadstuffs from the
undermentioned customs districts, during the month of May*
1881, and for the eleven months ended the same, as compart
with the
corresponding months of the previous
yean
Joins 25,
SS??gf f
*32$
.
.
”
*
*
*
.
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importations of dry goods at this port for the week
ending June 23,1881 and since January 1, and the same facts
for the corresponding periods of 1880, are as follows:
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*
Included in the foregoing totals are the reports from Milwaukee,
New Haven, Portland, Richmond and Willamette, the details for May,
1881, being
as
follows:
Milwau¬
kee.
BarleyBushels
Value
$
Indian corn—
Bushels
Value
$
Indian corn meal—
Barrels
Value
$
Oats—
Bushels
Value
$
,
New
Haoen,
Portland.
./
Richmond.
*
Willam-
&
Sg
&
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iscel Flax Silk. Cot Wool uft onTotal Ent’d Total Flax Silk Cot n Wool
an
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,
0
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.
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Bushels
Value
WheatBushels
Value
Wheat Hour—
Barrels
Value
Total values—
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1,000
3,400
120
60
X
$
M
118,800
$ 110,000
134,480
$
387
406
2,250
2,636
422,123
332.389
23,0?4
159,944
56,243
229,335
of—
$ 110,000
$ 134,350
fB 462.594
$ 857,853
5,710
2,670
137,113
159,944
675
121,127
561,724
96,633
49,275 1,395,549 1,590,845 2,614.973
55,593 1.062,647 1,565,535 4,023,203
DRY GOODS TRADE.
Friday, P, M., June 24,
The demand for seasonable goods
been comparatively light, purchases
having been governed by
actual requirements as is invariably the case at this stage c f
the season, when jobbers are anxious to reduce their stocks to
the lowest possible point, preparatory to *• stock-taking.”
There was, however, a good healthy demand for certain cotton
and woolen fabrics adapted to the fall trade, and there was a
continued large movement in heavy shirts and drawers, and
fancy hosiery. Package buyers from the Southwest and South
yet their operations have been ehiefiy
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1881.
has during the past week
have appeared in the market in considerable numbers,
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May, 1881
May, 1880
continuation of the
a
low and unremunerative to manufacturers. Satinets were
in moderate request, and there was a fair though irregular
business in repellents and cloakings. Worsted dress goods
remained quiet, and shawls and skirts were lightly dealt in,
but fancy hosiery, and shirts and drawers were distributed in
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was
improved tone lately noted in the woolen goods market, and a
satisfactory business in certain descriptions was accomplished
by manufacturers* agents. Mens* wear woolens continued to
move steadily as the result of new business, and in execution of
former orders, and prices of the most desirable fabrics are
firmly maintained because of light supplies, and the upward
tendency of wool. Flannels and blankets were fairly active,
and stocks in first hands have been reduced to a very low point.
Kentucky jeans and doeskins were in steady demand, but prices
are
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goods
695
needed for immediate distribntion. There
the trade, and a largely-increased
in July, as many jobbers through¬
out the country are carrying very light stocks, which must be
largely augmented in view of the active fall trade in sight. The
jobbing trade has ruled quiet, but a fair business in staple
cotton goods, cotton flannels, &c was done by some
of the
leading houses who cater for the package trade.
Domestic Cotton Goods.—The exports of cotton
goods for the
week ending June 21 were 1,942 packages,
including 692 to
Great Britain, 356 to Brazil, 252 to Hayti, 122 to
Argen¬
tine Republic, 100 to Dutch West Indies, 70 to
Venez¬
uela, 66 to Dutch West Indies, and smaller lots to other
markets. Aside from cotton flannels, which were
very active,
the demand for cotton goods was light as compared with
pre¬
vious weeks, but there was a brisk movement in most
descrip¬
tions of plain and colored cottons on account of back orders,
and all the most desirable fabrics are so largely sold ahead of
production that prices are firmly maintained. Print cloths re¬
mained quiet, and stocks have accumulated somewhat at the
manufacturing centres, but prices are nominally unchanged at
3 15-16 for 64x64s and 3)& for 56x60s respectively. Prints and
lawns were quiet in first hands, and ginghams have been less
active than of late, but prices are without quotable
change, and
stocks are generally in good shape.
is
£.&-£. E.
•
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of such
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CHRONICLE,
THE
696
[Vol. XXXIt
Financial.
Financial.
Financial.
Jesup, Paton & Co.,
BANKERS,
Scranton &
Willard,
13 NEW STREET
72 BROADWAY AND
PRIVATE WIRES TO
Windsor Hotel,
Cumberland,
Delmonico’s,
Gilsey House,
Philadelphia.
GRAIN AND PROVISION DEPARTMENT
52 William Street, New York.
Dividends aDd Interest oollected and remitted.
Act
as
agents for corporations in paying
Memrs
commission.
Sound railroad and municipal bonds negotiated.
Sterling exchange bought and sold.
Drafts on
[Established 1854.]
Transact
ness
30
PINE
ness
N. T.
S.
T
Beers,
U. J. Morse
No.
1
Stocks
A
SPECIALTY.
Gash paid at once for the above Securities; or
they will be sold on commission, at seller's option.
John 8. Kennedy.
J. Kennedy Tod.
J. S. Kennedy & Co.,
MERCHANTS,
No.
WILLIAM
63
LOANS
AND
and
Southern
DRAW
Rooms 37 & 38.
CEDAR
All business
relating to
In addition to
WALSTON H. BROWN.
ALL securities dealt In at the New York Stock
Exchange bought and sold on commission and car¬
ried on a fair margin.
INTEREST allowed on credit balance*.
R. A. Lancaster &
Ernest
Co.,
BANKERS,
11
Pine
66
BROADWAY, NEW
First-Class
Investment
Groksbeck,
Grant b. Schlby,
Members N. Y. Stock Exchange
YORK,
S001HERN
SECURITIES
BROKERS,
No
15
George Stark & Co.,
33
NASSAU
BROAD
THE NEGO¬
H.
TIATION OF
'
RAILROAD
SECURITIES.
Geo. H.
17
WALL
Prentiss,
STREET,
NEW
STREET, NEW YORK.
SECURITIES,
BROOKLYN
IN.
CITY RAILROAD
BOUGHT
SALES of all classes of
RONDS
a.
No. 7 PINE
ANI>
SATURDAYS.
MULLER
&
SOY
STREET, NEW YORK.
A
AND
SOLD.
cor.
Exchange Place,
THE
PURCHASE AND
SALE OF
STOCKS AND BONDS FOR CASH OR ON MAR¬
GIN.
BUY AND SELL COMMERCIAL PAPER.
P. 0. BOX 447.
C. W McLellan, Jr.
F. G. Saltonrtall.
D. A. Boody.
Remben Leland.
J. D. Probst & Co.,
AND
BOND
No. 52 EXCHANGE
BROKERS,
PLACE, NEW YORK.
Stocks, Railroad Bonds, Governments and
miscellaneous securities Bought and Sold.
WALL
STREET,
,
CO., WASHINGTON, D. C
Business Transacted.
bought and sold
on
commission forcash
margin.
Advances made
xnurket rate.
on
approved collateral at the
Deposits received subject to check at sight.
daily balanees.
Francisco, Bos¬
ton, Philadelphia and Baltimore Exchanges.
P. 8.—My New York Weekly Financial Report is
mailed free of charge on application.
4 per eent interest allowed en all
Orders executed at London, San
W. Howard Gilder
Henry & Gilder,
52 BROADWAY, ROOM 10.
STOCKS, BONDS AND MISCELLANEOUS
SECURITIES
BOUGHT AND SOLD ON COMMISSION.
Members New York Mining 8tock Exchange.
Correspondence Solicited.
J. H. Latham & Co.,
INVESTMENT
SECURITIES,
Chicago. Cincinnati, St.
\ Louis, D:etrict of Columbia, and
Government Securities.
FOREIGN EXCHANGE.
2 WALL STREET.
J. H. Latham.
F. w. Perry.
New
TRANSACT A GENERAL BANKING BUSINESS
INCLUDING
or on
-
& 0O«
Broadway,
<fe
General Banking
Securities
BONl^
Ms
STOCK
ON
ADU1VV
STOCKS A
BROKER,
YORK.
Charles Sbton Henry.
iBoodtft
58
The Undersigned hold REGULAR AUCTION
AND
OR 27
%,
BANKERS,
STOCKS and BONDS
At Auction.
WEDNESDAYS
small amounts
YORK.
SECURITIES
DEALT
or
Grant,
KINDS OF
SEE GA8 QUOTATIONS IN THIS PAPER.
STOCKS
large
BROADWA
NEW
STREET RAILROAD STOCKS AND BONDS
ALL
cent interest.
loans upon
See quotations of City Railroads in this paper
AND
AND
per
negotiation of
L.
145
No.
YORK.
GAS STOCKS
GAS
AND
-
BATEMAN
Buy and sell Investment Securities for cash or on
commission. A specialty made of Western Farm
Will undertake the
YORK.
Member of the N. 7. Stock Exchange.
Branch Office:
BANKERS,
No.
NEW
Trowbridge,
John F. Stark.
*
Western City property in
SPECIAL ATTENTION GIVEN TO
STREET,
BANKER
No. 5
George Stark.
WALL
F. E.
Bought.
A SPECIAL1Y.
NEGOTIATED.
LOANS
Schley,
Securities.
GOVERNMENT BONDS, STATE. CITY. COUNTY
RAILROAD A MISCELLANEOUS SECUKITLES
Mortgages bearing from 7 to 10
Street, New York.
.
STREET.
Groesbeck &
BANKERS AND BROKERS,
FRED. A. BROWN.
Walston H. Brown & Bro.
Specialty.
General Banking Business, buy
a
NEW
the Construction and
a
and sell Government Bonds and Investment Seourities.
EXCHANGE ON LONDON
Equipment of Railroads undertaken.
KINDS OF
BANKERS,
62
Interest Allowed on Deposits.,
OF
YORK,
Investment Securities.
Securities
BROKER,
Office, Troy, N. Y„
Connected by Private Wire.
;
BILLS
ALL
NEW
Gilman, Son & Co.,
Bought and Sold on Commission.
Collect Coupons and Dividends
NEGOTIATE
Railroad
Virginia Tax-Receivable Coupon*
SECURITIES;
Borg,
STREET,
DEALER IN
STREET,
BROADWAY,
80
WALL'
Branch
8ELL
AND
INVESTMENT
RAILROAD
No.
8
DEALERS IN
STREET,
New York.
BUY
Simon
Jr.,
Boardman,
STOCK
Dealings in
Insurance
MISCELLANEOUS BONDS AND STOCKS,
Ns. 8 Wnll Street.
All busi¬
YORK.
Lansdale
STBEET.
Securities
AND
Stocks, Ae.,
NEW
in
of Investment
MERCHANT,
SECURITIES, CITY BONDS,
Gas
Bailey,
PINE
DEALER
All Classes
No.
BROOKLYN
Levy,
(LATE OF LEVY Sc BORG,)
connected with railways undertaken.
NEW
E.
L.
YORK,
NEW
25 Nassau Street, New Yoik.
New York Stock
Exchange.
Kimball, A. B. Lounsbery, F. e. Ballard,
Members of N. Y. 8tock Exchange.
Strang,
Bays and sells Investment Securities.
P. O. BOX 2.647.
Watlanb Teask.
W. C. Hill.
deposits.
STREET,
Buy and Sell Investment Securities.
A.M. Kidder.
on
COMMISSION
AND
margin.
ALL
a5jd
Thirteen Years’ Membership in
R. J.
BANKER
W ALL STREET,
New
York.
Transact a General Banking Business, inclnding
the purchase and sale of 8TOCKS and BONDS for
CHECK
J. Kimball & Co.,
No.
in Railway Shares and Bonds and Government
18
or on
No. 45 Wall Street
Samuel A.
RANKERS,
YORK.
TO
tIi&Q£ZtA^NTERE*T ALLOWED ^
Investments carefully attended to.
oL.cJIILlOiXW
dGCo.
SUBJECT
BANKERS AND BROKERS,
general banking and brokerage busi¬
a
Interest allowed
cash
DEPOSITS RECEIVED
R.
securities.
Union Bank ef London.
No.
QUINLIN dk CO.
Gwynne & Day,
coupons
on
1 ;No. 59 WALL STREET, NEW
Chicago Correspondents. JOHN T. LESTER A CO.
and dividends'; also as transfer agents.
Bonds, stocks and securities bought and sold
L. G.
Son,
ct
GOVERNMENT-BONDS, STOCKS AND
INVESTMENT
SECURITIES
BOUGHT
SOLD ON COMMISSION.
UNDER CHARGE OF
and Ageney of Banks, Corporations,
firms and individuals reoeived upon favorableterms.
Aooounts
John J. Cisco
BANKERS,
York
City,
Schulz &
Ruckgaber,
BANKERS,
22 William Street, New York.
CORRESPONDENTS OF THE
International
Bank
of London
London.
(Limited)*
Messrs. John Berenberg, Gosaler dk Co.,
Hamburg.
Commercial and Travelers’ Credits. Bills of Bk-
change. Cable 'ransfers.
@FedFRASER