Full text of Commercial and Financial Chronicle : June 27, 1885, Vol. 40, No. 1044 [Copy 1]

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t

V
1

If

HUNT’S

MERCHANTS’

ft W s' c It t y
REPRESENTING THE

MAGAZINE,

gh ir.s jut )m‘,

INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.

THE cnituNICLF.

Clearing-House Returns.
The Financial Situation
The Mexican Crisis

and
710 I Monetary
750
~
English News

Commercial

755

Commercial and Miscellaneous
News
75G

75 *

/The New British Ministry
753
Massachusetts ami the" Tele¬

different cities :
Week

754

phone

published in

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) WILLIAM B. DANA Sc Co., Publishers,
> 70 Sc 81 William Street, NEW YOIIK.
)
Post Office Box 058.

JOHN G. FLOY

•

TO

(1,001,839)
(356,000)
(26,447,000)
(43,079,000)

(1,805,941)

(-44-5)

(708,521)

(-595)

(754,300)

(-52-8)

(413,600)

(+45*5)

(19,056,000)
(101,772,000)

(-r3*’8)
(-57-1)

(30,884,000)
(34,914,000)

(4-40-4)
(-54U)

$59,174,914

$50,232,042

Providence

4,040,000

-25-0

Hartford

1.442.550

New Haven

1,0:4,023
767,119
710,175
726,176
511,067

5,428,200
1,504.002
1,021,310

802*190

—44

2,577,022
1,018,815
858,504

706,092

-73

720,850

4-2-5
4-01

703,342

-P3-2

082,780

—10-9

459,735

+1P3

470,189

—5*8

$69,970,985

-23

$72,030,716

4-14

$49,990,042
7,986,970
10,740,382

-8-9

$10,498,265
0,885,772
10,152,033

-100

4-U-O

shares.)
hales.)

(Stocks

(Cotton
(Grain., .bushels)
(Pet,roleum..bbls.)
Boston

Portland
Worcester

Springtield
Lowell

$68,397,230

Total N. England

$45,552,870

Philadelphia

7,2; 0,220

Pittsburg

10,827,719

Baltimore

$03,050,815

SUBSCRIBERS,.
Chicago

send for them.

Cleveland

authorized to solicit volumes for binding, nor is any
to the.c lime of subscribers to get them, and any solici¬
tation for binding is entirely unauthorized by the publishers.

Detroit

Indianapolis

Peoria

-.

Total Western...

Although the exchanges for the week ending June 20
record an improvement over those for the preceding six days,
the exhibit cannot, in any marked degree, be considered a fav¬

St.

Joseph

New Orleans

Kansas

City

$63,723,394

-74

$57,536,120

$43,549,9318,253,500

4 2-9
-j-8‘1

-2-0

3,256,6:7

—9-1

2,438,723
1,534,920

424

-4 0

$01,535,979

$63,36-1,0*3

-i 1*3

$61,354,055

-47

4,522,174
734,721

Memphis

—9*5
-12-3

733,517

3,094,407

Louisville

4-o-s

1,475.922

$13,801,934
1,034,300
4,947,004

3t. Louis

CLEARING BOUSE RETURNS.

—

-4-4

245

1 018

No persons are

messenger sent

+0-1

11*5

4-91-8

097,481

2,9.;8,S60
2,498,100
1,002,932
1,981,175

Milwaukee

-7-8

—

4-9’7

8,933,850

Cincinnati

4-06

$02,741,956
3,554,000

-o-i

$41,971,830
8,454,500
3,030,239
2,434.IMS
1,227,982
2,172,076
1,307,354
105,580

$41,794,944

publishers of the Chronicle have volumes hound for subscribers
at cost price, simply as an accommodation.
The numbers of a volume should be sent to the publication office, and
when the bound volumes are ready the owners will receive notice to
The

-231

$404,201,880

~17'4

Total Middle....

NOTICE

1885.

$532,941,144

Sales of—

(Entered at the Post Office, New York, N.Ar., as second class mail matter.]

william b

Per Cent.

13

Per Cent

$140,030,746

New York

£hc Chronicle.

Week Ending June

Ending June 20.
1884.

1885.

The Commercial and Financial Chronicle is
New York every ^Saturday morning.

1,041 =

exchanges at that city, we have $314,433,746 and $321,941,144,
respectively, as representing the exchanges otherwise arising,
or a loss of 2*3 per cent.
Below we give the details for the

CONTENTS

Terms of

NO.

SATURDAY, JUNE 27, 1885.

VOL. 40.

-GO-7

2,122,941

-

0-7

-5-6
-3-1
-0-9
—28*8

-20-7
-1(5-6
-67

$14,345,255

-3 8

$13,919,113

—5 5

654,569
5,294,7*5
3,058,000

4-58 0

976,413

437-7

—6’5

-23-9

3,113,975
575,120

-(-•1
4-27-8

4,850,790
4,199,378
4,875,755
1,003,201

4-12-5
4 40-8

4-3-9

$29,859,655

-2-0

4-1-0

•

-6-2

particularly is this true of New York, where Total Southern.. $28,735,200 $27,642,304
-0-5
$10,381,10 4]
$8,760,940 4-241
$10,870,151
light speculation and a comparatively dull general business San Francisco
-17-3
$0 $6,023,590
$076,261,127 $771,408,9181 -12 3
Total all
served to keep clearings down to a rather low level ; this fact
-4-10
$211,701,710
becomes very prominent when comparison is made with a Outside New York $230,20 L3SI '$238,407,774
series of years.
The returns of clearings for the five days, as received by
For example, the exchanges at New York
for the week this year reach $440,050,746, while in the corres¬ telegraph this evening, show that in general there has been
ponding week of 1884 they were $532,941,144, in 1883 were some decrease from the figures of a week ago, but as the com¬
$724,593,948, and in 1882 were $801,184,115 ; from this it is seen parison with 1884 is with smaller totals than on June 19, the
that, although the decline from last year is only 17*4 per cent, cities outside of New York now exhibit an increase of 2*4 per
the loss from 1883 is nearly 40 per cent, and from 1882 over 44 cent, against a decrease last week of 2 per cent.
New York
per cent.
A like comparison of the totals outside of New records a gain over last Friday of $1,789,476; the loss from
York makes a more favorable exhibit, the decrease from 1884 1884, however, is greater than then shown, owing to the large
being only 1 per cent, from 1883 about 13 per cent and from increase for the five days last year.
1882 slightly more than 8 per cent.
5 D'ys End'a June. 19.
Five Days Ending June 20.
Fifteen cities record some gain over the returns for the six
Percent
1885.
1884.
1885.
j Per Cent.
days ending June 13, Philadelphia and Chicago leading, and
-16-0
-28-1
$370,759,598;
$372,540,074 $517,941,954
thirteen cities exhibit figures in excess of a year ago. The New York
(-40-4)
(879,305)
(—50-9)
(2,172,064);
Sales of Stock (slus.)
(1,006,192)
-1-0
48,561,517
Boston total in both years covers only five days’ transactions, Boston
4-3-0
50,872,005;
52,409,259
-9-2
39,039,580!
4-53
38.042,509
36,114,590;
Bunker Hill Day (June 17) having .been observed as a holiday. Philadelphia
-2-7
9,127,795
8,910,324 —10-8
7,949,457
Baltimore
4 3’4
The Western section shows a small excess over last year,
37,939,000
4-0-8
000
33
237
505
33
01)0
-1-1
-0-4
11,803,992
10,875,034
which is mainly due to an increase in the figures of the week St. Louis
10,923,051
-13-1
4,314,329
3,908,847,
3,822,848; 4-3-9
New Orleans
this year, though in part to a decline in 1884.
The Southern
-12-5
$52 L,545,811
Total
$519,398,197 $061 *30,341 -2P5
section is also in excess, but solely on account of the greater
4-0-3
47,908,052.
4-1-1
40.091,103!
47,534,500Balance, Country*
decline a year ago than at present.
—1 IMS
$569,543,863)
$500,982,097 $707,921,419 -19-9
Total all
The share transactions at the New York Stock Exchange
i u
&198.7840
“4-2
4
"
1946442.023 ~$Tww.97;i,M'i
Outside New York
reached a market value of $62,813,000, against $106,000,000 a
year ago, and deducting double these values from the total1 * Estimated on tu<j baste oftue mst weekly returns.

orable

one.

More




~

(

)

—

M

CHRONICLE.

THE

750

and it is

THE FINANCIAL SITUATION.

market continues to reflect the increasing
lethargy which is taking possession of nearly all our indus¬
The

money

tries

the

as

nominally at
as
low as £

remain
even

further

the

stances

advances.

summer

1
per

per

cent.

Bankers’

balances

made
circum¬

cent, loans being

Under

accumulation

of

such
funds

here

is

evidence of confidence, much the same as
their withdrawal from February to May, 1884, was
in

sense

one

The deposits of our

Clearing House
Saturday 37If million dollars, being
millions more than on February 16, 1884, when
they were larger than they had ever been at any previous
period. It will be remembered that in 1884 the with¬
drawals of gold from the United States Sub-Treasury for
export began the week following the 16th of February—a
little more than five millions being withdrawn that week,
and about one million engaged for shipment, causing the
beginning of that disturbance of confidence which culmi¬
evidence of distrust.

banks reached last

nated in the

surprise under such circumstances that a bet¬
ter feeling prevails.
As part explanation of the condition of foreign exchange
we have the trade
statement for May which was issued
yesterday by the Bureau of Statistics. It seems that the
excess of merchandise exports was
during that month
$3,352,000, with a net export of silver of $1,523,000,
making the total $4,875,000, and the balance, after deduct¬
ing $829,000 gold imported, $4,046,000. To compare
with this, the merchandise balance in May last year
against the United States was $7,314,257. But the
present course of exchange finds its explanation more in
the trade movement for previous months, which since

IIow very different the financial situation is now, and
the reason for the renewed confidence in financial circles

no

October 1 has been

as

follows.

FOREIGN TRADE OF THE UNITED

Merchandise.

STATES—(0003 Omitted.)

Gold.

.

Excess

1884-85.

Exp'ts Imp'ts
•

$

i

of
Exp'ts

December.

*
19,685,
33,594
49,173

$
2,451
8,193
2,232

January...

80,533

38,313!

February..

42,028
51,398 52,976
52,909 48,794
49,012 45,660

11,913
*1,578
4,175
3,352

March

42,221

53,941

Silver.
Excess

Imp'ts Exp'ts

71,660 51,975
78,805 45,211
91,344 42,171

October...
November.

May panic.

[Vol. XL.

|

Excess

of
of
i Exp'ts Imp'ts
Imp'ts i
Exp'ts

$
193

$

221

2,258
7,749 J
2,0111

2,075

1,446

629'

1,888
1,757

1,030

252

833

924

444

$
2,574
1,850
3,871
2,229

1
2,743
1,365
1,571

2,300

1,093

1,136

2,507
3,119

1,004
1,836
1,939

1,503
1,283
1,198
1,523

f
*169
485

782
+370
1,158
3,137
during late weeks, is seen primarily of course in the strength April...
565
637
1,394
May
2,100
+829,
of the banks, the reserve reaching last Saturday 62 J million
Tot. 8
© IS 158,620
529,002 00
19,943
7,325 12,018, 21,447 12,188
9,259
dollars in excess of the requirement, the highest figure
Excess of imports. + Excess of exports.
ever reported, against 10 million dollars at the same date
This shows that since the date mentioned the net mer
a
year ago.
The surplus held at each weekly return for chandise balance in our favor has been $158,626,000; or
the first half of the last four years has been as follows.
including silver and gold the net due the United States
SURPLUS RESERVE OF NEW YORK RANKS.
on the face of
these returns June 1st was $155,267,000,
which after making allowances for interest, freights, &c.,
1884.
1885.
1883.
IVcck Ended—
1882.
would still leave a large unpaid debt.
So long as tlfere
$8,211,950 ;
January
3
$3,317,700
| $40,020,(325
$4,637,223
10
....!
47,644.375
14,151,075 j
7,253,350
7,780,700
was great distrust
in the currenc}r situation, this money
17
....! 51,148,775
17,284,225
S,074,775
9,074,375
remained
24
...J 52, L 13,025
19,478,775
10,007,575
9,101,850
abroad, but since that fear has in a measure
31
i 53,870,975
19,298,375
7,840,050
6,381,8^5
been removed, it is in part being transferred to New
....! 54.985,125
Februarv
7
21,094,400
6,419,700
4,051,175
...

1

1

*

|

mos.

*

-

...

....

14

21
28...

....

7

March

•

47,923,350

28

4

...J

48,421,725
47,145 850

....]!

48,405,125

18

2

...

...

...j
,...!

55,140,650
55,300,725

4,455.450

57,410,050

01,979,925

3,127,025
*0,007,125
*1,975,025
1,341,500
6,980,500

62,440,500

10,020,075

50,393,575

53,142,425

30

...|

....j

59,812,075

6

....!

60,017,725

13

...j
1

16

23

20

...

...

20,010,800
19,761,350
18,629,975
12,820,675
6,654,825
8,589,125

7,724,450
4,203,875
3,010,425
2,500,575
2,419,800
800,000

i
....!

9

*

47,385,100

49.120,050

47.092,550

25

June

....j

51.611,075

1

11

May

49,712,850

....j
....!

14

21

April

...J
....!
...j

00,768,925

3,674,825

1,072,225

1.209,000

*1,433,075
*2,618,050

*2,31 4,775

*5,100,150
*0,770,875
*5,455,075
*4,097,450
*3,701,000.

*289,350
024,275
895,200
1,004,125
5,003,825
5,700,625
9,177,400

9,071,050

087,825

3,133,300

3,338,100
1,720,930
811,050
4,930,150

9,049,550
10,895,600
9,650,350

8,172,950
0,152,223
4,208,625

9.009,175

3,951,100
5,135,323

8,791,050
8,982,900

8,637,400
9,381,250

Deficiency.

With the

above, the reader can trace how steadily in
1884 the event of May crept upon us after the exports of
specie began, the deposits at the same time being drawn
down week by week.
Now the deposits and surplus are
both
increasing and have been for some time;
but neither movement gave confidence so long as
exports of gold were threatened and the Govern¬
ment holdings of gold were in danger.
With those
points secure (the latter through the admirable manage¬
ment of the Treasury department) and with the purpose of
the Government becoming more pronounced to relieve
the country so far as it has the power from currency
disturbance, the situation has gone on improving absolutely
and relatively.
To-day the outlook in these particulars is
wonderfully promising; the largest reserves with the
largest deposits the banks ever held, the Government gold
increasing notwithstanding the larger interest payments
this month, foreign exchange off several points from the
high rates ruling a few weeks since, with a prospect of
gold imports in the fall or winter months—these are the
facts which outline the monetary situation at the moment,




York, and if confidence in

our

financial

future receives

check this movement will make

further-progress. Still
operating against the exchange market
this week has been the Canadian loan of £4,000,000, pro¬
posals for which will close in London on Monday. There
is an expectation of drafts against a part at least of this,
so bankers
having bills to sell were more disposed to offer
no

another influence

them

at

once.

There

is

also

now

on

the

market

an

increasing amount of drafts against future shipments of
cotton.
Altogether, therefore, the. nominal rates of ex¬
change are to-day one half cent per pound sterling below
those of the previous week, though they were marked up
one half cent
yesterday.
Such favoring conditions as we have referred to cannot,
however, be interpreted as meaning that we are to see a
wild speculation in stocks.
A partial reaction this week
from the upward movement which was in progress in Wall
Street has disappointed some who hastily drew that con¬
clusion.
Beyond a doubt, it is safe to say that there is to
be no “lower deep” than we are now enduring, if with
the meeting of Congress all uncertainty with regard to
our currency is to
be removed. Hence, in case that can
be believed, stocks that have been depressed under the
influence of lower dividends past and in prospect, would
be a purchase.
But it becomes the purest speculation,
without any encouragement whatever, so far as existing
hopes and promises go, to buy securities at rapidly advan¬
cing prices, and especially those that have little assured
present value and many future uncertainties. The reaction
this week has been almost wholly confined to these latter
classes of ventures.
West Shore bonds are a good illus¬
tration, the upward movement in which culminated on
Monday, the price having advanced from about 29 to
nearly 39, and the fall in which did. about as much as
.

une

THE CHRONICLE.

27, 1885.]

anything to

We do not deficiency of $211,669. To complete the

year, only the
June result is necessary.
If the company should in that
month do as well as a year ago, its net earnings would be

market.

demoralize the

761

be worth the highest
figure they touched and more too; but so long
the holders show no disposition
to
as
arrange $535,895, which is but $54,625 above the accrued
It follows that even on that basis the
their differences but spend their time setting up new charges for May.
plans of settlement one week to be knocked down the next, year would show a deficiency of $150,000.
Pennsylvania Railroad has another poor statement of
the prospect looks to us far from brilliant.
There are in
It covers May and shows a loss of $376,704 in
truth plans and committees enough for arranging, or per¬ earning3.
gross
and
$284,199 in net, on the lines east of Pittsburg
haps we should say for deranging, West Shore interests
to-day, to satisfy the needs of a dozen roads. It seems and Erie, while the Wester.' lines fall $194,577 behind
almost as if the whole affair was reduced to a question of their charges for the month, against a similar deficiency in
who should have the fingering of the securities and the 1S84 of only $143,657, so that on the whole system the
fees, rather than of how can a just and speedy settlement loss in net, as compared with the previous year, is $335,119.
This is not quite so heavy as the loss for April, but that
be secured.
Other than the developments in West Shore, the most is about the only encouraging feature in the statement.
notable incident of the week has been the reported injury The conditions that are responsible for this poor showing
to the steamship City of Tokio, belonging to the Pacific are of course well understood, and we need not stop to
mean

they

that

may

not

line, and its probable loss. As that company does review them. If full details could be obtained it would be
not insure its vessels, the loss falls wholly upon it; and found, we think, that the great reduction in west-bound
hence the effect on the market value of the stock was very rates—now down to 40 cents per 100 pounds on first-class
considerable on Thursday, when it was announced that the freight, against ,75 cents a year ago—is playing an impor¬
tant part in the present decline in earnings, entirely apart
ship had stranded near Yokohama, and then again on Friday,
As
when it was stated that it would probably go to pieces. from the effects of the prevailing stagnation in trade.
it
is, the net earnings of the month are the smallest in six
These reports also influenced, more or less, the whole
market for a time; but it subsequently regained tone.
A years, as the following table wiil show.
movement in Louisville & Nashville was also one of the
Lines east of
1883.
1882.
1881.
1880.
1384.
1885.
Pittsburg.
features of the week.
This had support in the more fav¬
Mail

-

reported during late
months, and the better outlook for it and for most South¬
ern properties which the promising cotton crop holds out.
Northwestern roads have likewise advanced, in part due
to the favorable crop promise in that sectien.
Altogether
the volume of business has been quite large, and the com¬
mission brokers have received more orders than for a long
time back.
There continues to be a good investment
demand for railroad mortgages and for first class stocks.
Northern Pacific returns continue unfavorable, though
less so than in the months immediately preceding,
while good management is reducing the loss to a mini¬
mum.
We have this week secured the exhibit for May,
orable returns which have been

and find that

in that month there

was a

decrease in net

earnings, compared with 1884, of $197,071, against
$443,763 in April, and $252,708 in March. The smaller
loss in May is in part the result of a greater saving in

reduced $189,634 as compared
while at the same time gross earnings fell off
$386,705, leaving a loss in net in the amount stated. As
expected, the falling off in gross is heaviest in passengers,

expenses,

as

these

were

with 1884,

May.
Gross earnings

Operat’g expenses.
Net earnings...

Western lines

4,267,173

2,627,079

1,855,295, 1,639,494

-194,577| -143,657

Res nit
Jail. 1 to

$
3,890,469
2,535,174

.,.

1,100,718

1,495,837

2,342,OSS 2,108,287

$
3,417,916
1,941,004

1,088,010

1,476,852

$
3,850,897

$
4,303,000
2,094,332

S
4,108.877

1,608,674
-9,058

1,708,789
-75,580

+144,458

-22,947

1,599,016

1,091,203

1,833,008

1,453,905

May 31.

i

.

17,583,955 19,427,075 20,195.708 18,557,091 17,740,402 10,212,595
Operat’g expenses. 11,973,540 12,397,859 12,856,024 11,901,302 10,237,791 9,130,433
Gross earnings

Net earnings...
Western lines

5,610,415 7,029,210 7,339,084
—5S5,200 —452,948 +391,984
5,025,155

Result

0,570,208

7,731,648

0,655,789'

7,508,011

7,082,162

—68,315:+1553,709 +1294,230
0,587,474

9,062,380

8,370,392

striking, however, than the loss for the month is
Compared with 1881, which,
was the best year
the system had, the Pennsylvania lines
East and West have a net result of only $5,025,155 now,
against $9,062,380 in that year, a loss of over 4 million
dollars, or nearly one-half, and singularly enough the loss
is about evenly divided between the Eastern and Western
lines—2 millions to each.
Compared with 1879, the
Eastern lines show somewhat larger net earnings now, but
the Western lines have not done as well even as in that
More

the loss for the five months.

and consequently as against the present net of $5,025,entire system, the total then was $5,077,910.
Bankers’ balances, as already stated, remain nominally
the decrease in that item being $212,464; but freight
earnings have also declined $168,229. The following is at 1 per cent. The movement of currency to this centre
the exhibit for May, as well as for the eleven months of continues, although there appears to be a good demand
from points contiguous to Chicago for money for busi
the fiscal year to May 31, in both 1884 and 1885.
ness purposes, and Cincinnati is supplying funds to move
July 1 to May 31.
May.
the wool clip.
Northern Pacific.
The following statement, made up from
1884-85.
1883-84.
1884.
1885.
returns collected by us, exhibits the receipts and ship¬
8
$
%
§
1,287,805
10,221,642 11,460,452 ments of gold and currency by the New York banks dur¬
901,100
Gross earnings
6,315,297
5,506,180
462,945
652,579
Operating expenses
ing the week.
438.155

Net earnings

635,226

The above exhibit for the month of
tain that the Northern Pacific

4,715,462

was

turned

into

155 for the

5,145,155

May makes it

cer¬

Week ending

Received by

June 20,1885.

a

deficit of

$78,587.

$1,157,000

Gold....*.
Total gold
*

and legal tenders..

Skipped by

N. Y. Banks. X. Y. Banks.

in the current fiscal year

just approaching its close, will not quite earn in full its
fixed charges.
In the first six months of the year to
December 31, 1884, there was a surplus above the charges
of $699,286.
In the next three months—to March 31,
1885—this

year,

..

$1,157,000

•Net Interior
Movement.

$396,000

Gain ...$761,000

♦100,000

Loss

$496,000

Gain....$061,000

100,000

To Canada.

The

above shows the actual

changes in the bank hold¬

In ings of gold and currency caused by this movement to and
for from the interior. In addition to that movement the banks

April there was a further deficit of $89,967. Now
May we have net of $438,155, while the charges for the have lost $1,200,000 through the operations of the Submonth were $481,270, or $43,115 in excess of the earn¬ Treasury.
Adding that item to the above, we have the fol¬
ings.
Hence for the eleven months there is a total lowing, which should indicate the total loss to the New York




THE CHRONICLE.

752

Clearing House banks of gold and currency for the
covered by the bank statement to be issued to-day.

week

makes these certificates

dues, it will be
anxious

Week ending June

Into Banks.

26,1885.

Bank/s’ Interior Movement, as above

Sub-Treasury operations
Total gold and letral tenders

Out

Net Change in
Bank Holdings.

of Banks.

$1,157,000
5,000,000

$196,000

Gain.

$661,000

6,200,000

Loss.

1,200,000

$6,157,000

$6,690,000

Loss.

$539,000

England reports a gain of £70,961 bullion
during the week. This represents £270,901 drawn from
the interior and £194,000 sent abroad.
The Bank of
France increased 8,124,000 francs gold and 2,241,000
The Bank of Germany gained 959,000
francs silver.
marks.
The following indicates the amount of bullion in
the principal European banks.
The Bank of

June 25,

Bank of England
Bank of France

June 26, 1884.

Gold.

Silver.

Gold.

Silver.

£

£

£

£

25,441,215
46,032,354 43,340,024 41,772,016 40,620,414
7,885,00* 23,655,000
7,703,000 23.127,000

23.316.673

.

Bank of Germany
Total tills week

Total previous week

1885.

....

82,058,027 66,476,024 75,098,231 64,275,414
81.644.556 66,350,392 74,732,639 64,418.469

as

seen

to the

XL.'

longer available for customs
have reason for feeling a little

no

we

action and intentions

Government in the matter.

of the Mexican

The fact, however, that Gen.

Diaz, the present incumbent of the'Presidential chair, who
always been very friendly to our people, and who was

has

particularly active in enlisting the support of American
capital for Mexican railroads, should have sanctioned the
scheme, shows the necessity to which the State has been
reduced, though the same fact is also to be accepted as
ameliorating the effect of the act, for the act is thus seen
to be not that of a hostile hand, but that of a friendly
one, which could not do otherwise.
Though Mexico’s difficulties have been cumulative for
a long series of years, its present embarrassment is directly
traceable to the practice, which has in recent times grown
to such dimensions, of burdening the revenues with claims
and liens of all descriptions that had to be paid directly
out of receipts, leaving the Government only the residue.
The

liens

Central
but

are

of

the

Mexican National and the Mexican

people are most familiar,
really of trifling significance alongside of the

those with which

they are
Assay Office paid $225,027 through the SubThere
others.
Treasury for domestic bullion during the week, and the
The

[VOL.

are

our

hosts of minor roads that have been

the revenues. Then there are
steamship companies and banks favored in this way, in
tom House.
addition to which a large percentage was required for
Consisting of—
interest under the English debt settlement.
Tne practice
Duties.
Date.
Silver Cer¬
Gold
U. S.
Gold.
was carried to great extremes
under President Gonzales,
Notes.
Certifies.
tificates.
and the present decree will nullify most of the acts of that
$117,000
$93,00 )
$15S.000
Junel9.
$3,000
$372,592 58
In fact, it is hinted that the decree had
administration.
93,000
41,000
20.
121,000
2,000
257,129 54
285,000
150,000
138,000
22.
4,000
578,163 34
that idea in view as much as anything.
It is alleged that
70,000
155,000
23.
160,000
2,000
387,301 35
142,000
76.000
186,000
24
many of the grants under the G onzales-ad ministration were
406,551 65
2,000
92.000
220.000
124,000
25.
411,342 39
4,000
fraudulently made, and certainly they were given with a
$749,000 lavish hand.
Total
$17,000^1.03 4.000 $638,000
$2,443,080 85
Mr. W. W. Nevin, of the Mexican National,
a gentleman
welHnformed on Mexican affairs, tells us that
at one time the customs revenues were mortgaged to the
TIIE MEXICAN CRISIS.
The action of the Mexican Government this week seems extent of more than 90 per cent.
The Mexican National
to be the outgrowth of a desperate situation.
With its Bank alone had about 50 per cent of the whole (since greatly
finances in wretched condition, its necessities urgent, its reduced), and this will explain the press references to the
credit poor, its industries disorganized and languishing, possible failure of the bank, as a result of the suspension
its revenues diminishing and heavily mortgaged withal, of that privilege and compelling it to accept bonds
and no means with which to meet current expenses, heroic instead of cash as heretofore. What further added to the
treatment became really imperative.
Furthermore, itwac country's embarrassment is the fact that Mexico, like the
to be expected that in a country where obligations are United States, is experiencing a period of industrial depres¬
lightly made, and still more lightly esteemed, relief would sion. While the new roads were being built, and Ameri¬
be sought through the convenient* method of disposing of can capital was flowing into the country in large amounts,
the burdens by simply throwing them off, and this is great activity prevailed and business went on swimmingly.
about what has been done.
If the operation has not been With the withdrawal of that stimulus, however, there
carried to the same extreme as heretofore, and is somewhat appears to have been something very akin to a collapse,
less harsh than it might have been, it is because the and now all industrial enterprise is at a low ebb. The depres¬
Administration at present in charge of Mexican affairs has sion here has also affected Mexican trade by sympathy.
As to the Mexican National and Mexican Central roads,
a higher sense of honor and of delicacy than we are
accustomed to see in that quarter.
The remedies to be these at first were entitled to 10 per cent of the customs
enforced are (1) the peremptory release of the revenues receipts at the maritime and frontier provinces, but
from the various charges with which they have been bur- recently have been getting 14 per cent, the Central's per¬
dened, (2) the issue of a new 25 million loan, and (3) the re¬ centage having been increased to 8 per cent from 6, and
duction of the salaries of all officials from 10 to 50 per cent. the National’s to 6 from 4. As the customs receipts are esti¬
Mexico being our next-door neighbor, we are affected mated at about 17 or 18 millions per annum, the loss to these
two companies will be about 2J million dollars per year, if
by her misfortune in more ways than one, and, besides,
the railroads recently built there have brought the two they should be permanently deprived of the privilege of
It
countries into closer connection. It is the direct pecuniary converting their certificates into cash in this manner.
will be remembered that these certificates, which are
interest, however, we have in these railroads, that makes
us view the present situation
with most concern. These called certificates of construction, were issued to the compa¬
railroads have been nearly all built with American money, nies on the completion of each section of road, the Govern¬
ment agreeing to receive them in payment for customs duties
many of our people having thus invested large amounts of
capital. As the present decree goes so far as to interdict in the proportions given above. To make the process
the custom house certificates issued as a subsidy to the effective it was made obligatory upon merchants to pay
Mexican Central and Mexican National railroads—the two their dues to that extent in those certificates, and thus
roads with which Americans are chiefly identified—and there has been a constant market for them, varying as the

Assistant Treasurer received

“
“

“
“

“




the following from

the Cus¬

subsidized with claims upon

June 27,

customs

THE

1885.]

CHRONICLE.

receipts have varied. The only value the certificates

possess is in
houses.

toms

being available in that

way at the cus¬
Take that away from them and they are

practically worthless.

But it is difficult to believe that
right will be suspended except temporarily. The
present order is merely a decree of the President, while
the acts incorporating the Mexican Central and the
Mexican National are acts of Congress, and only Con¬
gress therefore, it is claimed, can make changes in the
same, and not then so as to impair the original contract.
the

other words, the decree is declared to be unconstitu¬
tional as regards these roads, and both of them will con¬

In

test it for that

reason.

Then it is to be remembered that

these

companies were originally authorized by Gen¬
Diaz, then as now President of the Republic, the
intervening term having been filled by General Gonzales;
while General Diaz might be anxious to discredit the acts
of his predecessor, it is hardly likely that he would care
to cast into disrepute his own former acts.
Besides, the
later burdens are really the most onerous ones and against
which complaints can most justly be made. Their remo.va
ought not permanently to affect the others.
eral

Still, it must be admitted that Mexican finances

are

in

a

753

The

anomaly of the situation consists rather in the
acceptance of office by the Conservatives than in the resig¬
nation of the Liberals.
Although defeated on the beer
and liquor question, the Liberals, as frequent tests of
strength have lately shown, have a powerful majority in
the House of Commons ; and to attempt to
carry on the
government in the face of such an opposition is virtually
to attempt the impossible.
The long continuance of the
deadlock, the letters published on Wednesday, and the
reported active interference of Her Majesty, leave us no
room to doubt that Lord
Salisbury was fully alive to the
difficulties of the position; and his final acceptance, in the
circumstances, can only be explained by a belief on his
part that there w&s dissatisfaction throughout the three
kingdoms with the policy of the Liberals; by the political
hunger and persistent entreaties of his friends; and by the
assurance given by Mr. Gladstone that the Liberals would
offer no factious opposition.
So far as appears on the surface, no fault can be found
with the men whom the Tory chief has gathered around
him. Some of them are young and new to office. Some of
them held responsible offices under the late Lord Beaconsfield.
In ordinary times such a ministry might by
judicious management have been able to count upon a
long lease of power. But the Tories have come into
power at a very unfortunate crisis.
It is no exaggeration
to say that they have consented to take office with the
full knowle3gethat they could do nothing. Their hands are
tied.
In ordinary circumstances, Lord Salisbury would
have been abundantly justified in asking Her Majesty to
dissolve Parliament and to appeal to the constituencies.
But the new reform bill requires that a general election be

bad condition, with no immediate probability of any
improvement. It is hardly advisable, therefore, to hope
for any speedy relief. jYet, it is a reassuring feature
that the Diaz Administration, which is so favorably dis*
posed towards the roads, has only just entered upon its
term of office, and should the condition of the country
warrant the making of a new arrangement with the com¬
panies, and, if possible, reinstate the same in whole or in part
in their privileges, President Diaz will be likely to do so. In
In such cir¬
any event the most that the companies can lose is the pros¬ held in the fall—in October or November.
pective income from that source. There is no liability on cumstances an appeal to the people, considering the
account of the certificates that have not yet been redeemed, expense and the
necessarily small result that could be
—that is, none have been put out by the companies or obtained, is not to be thought of except in the gravest
sold, except as the Government took them in. There have emergency. Should they be able to hold office until the
been reports that German mercantile houses had bought redistribution-of-seats bill is passed—a bill to the
passing
of
which
in
its
up large amounts of the Custom House certificates, but they
present shape they are pledged—and a
can not have been those of the Mexican National or Mexidissolution is ordered, preparatory to a general election
can Central, as these companies have
kept theirs in charge under the new franchise law, they will do so only under suf¬
of one of the banks having agents at the different customs ferance.
It is ^o secret that the Conservatives have all
houses and who paid them out to merchants as needed.along been dissatisfied with Mr. Gladstone’s policy in
Egypt. It is as little a secret that they have been utterly
THE NEW BRITISH MINISTRY.
opposed to Mr. Gladstone’s policy with regard to Afghan¬
At last the political deadlock in the British Isles is istan.
In numerous public speeches, the Marquis of Salis¬
ended.
Mr. Gladstone and his friends have retired; and bury, Lord Randolph Churchill, and others, have spoken
the Marquis of Salisbury and his conservative colleagues of the humiliation to which Great Britain has been sub¬
have assumed the responsibility of government.
It is a jected at the hands of France, of Germany, and of Russia,
peculiar situation; but it is one which is not wholly and have denounced Mr. Gladstone for his lack of decision
unknown to the British politician.
Where party govern¬ and vacillation of purpose. But now that they are in power,
ment prevails, and where the
ministry is practically they can do nothing to undo what has been done, or to
removable at the will of the majority in Parliament, such give effect to the views they have advocated in opposition.
situations are inevitable.
There are those who think that They can initiate no new policy in Egypt. They cannot go
Mr. Gladstone was not justified in resigning, just as are back upon the arrangements which have been already
there some who think that Lord Salisbury is not justified entered into with Russia.
Germany will be allowed to
in accepting the seals of office.
There can be no doubt keep all she has got in Africa and in New Guinea.
that the Liberal Chief might have yielded to the sen¬ Nor will France be disturbed in Madagascar.
To men
of
timents
of
the
House, modified his budget, and
spirit, such must be a painful position; but it is
retained power.
There is no evidence, however, that part of the price they have voluntarily paid for
he planned his own defeat, although we are not permitted office.
Political interest in Great Britain centres now not in
to doubt that he accepted it willingly and without regret.
It would hardly have been noble on his part to have taken any foreign or colonial question, not in any special home
any other course than that which he did take, after the grievance, but in the coming elections in the fall under
noisy and unseemly demonstrations of the House when the new franchise law. The new law adds three millions
the result of the vote was made known.
His enemies of voters to the existing constituency.
It introduces to
triumphed in his defeat; and it was only just that they political life a large class of rural working men, who are
should be allowed to accept the responsibility which they to give increased strength to the one party or the other.
very

had courted.




It remains to be

seen

whether these

men

will renain faith-

•

THE

754

CHRONICLE.

]Vol. XL.

whether they will show their upon vested rights, in a State which has not only guarded
gratitude by coming to the aid of the party which has property and vested rights with as extreme care as
given them full citizens1 privileges. A bid for this new has been shown in any State of the Union, but is more

tul to their old masters

or

by both parties; and there can be no
party obtains this vote will have
obtained a vast accession of strength.
If the Liberals
obtain it, they will come to power with an overwhelming
majority; and Mr. Gladstone, should his life be spared,
will have his choice of continuing at the helm of the ship
of State and carrying on the work of reform, or of con¬
templating his finished work with ease and dignity from
his seat in the House of Lords.
If the Tories obtain it, it
will be proof that the country has grown tired of Mr.
Gladstone’s policy of peace, and that the British mean to
vote will be made

doubt

that whichever

re-assert

themselves and make themselves felt

as a

still liv¬

ing Power among the nations of the earth. The coming
election contest will be one of the most exciting in any
period since the election of the first Reform Parliament in
1832.
Mr. Gladstone, it is said, is resolved again to con¬
test Midlothian.
If life and health are spared him, he will
be, old as he is, the Achilles of the contest.
MASSACHUSETTS

THE

AND

TELEPHONE.

The

importance which the telephone has assumed in
the business and social life of the time is illustrated signifi¬
cantly by the prominence of questions relating to telephone
companies during the current session of the Massachusetts
Legislature. The Ameiican Bell Telephone Company,
the “ parent’’ corporation, asked for the ® privilege of
doubling its capital stock, which is already ten million
dollars.
The matter of a general telephone law has been
under discussion.
An act has been passed and approved
requiring telephone companies to afford equal facilities,
without discrimination, to
all telegraph companies.
Finally, a particularly mischievous bill was considered,
and even seemed to be accepted in principle on two test
votes in the House of Representatives, fixing a maximum
annual rental of telephones in the Commonwealth.
The spirit of the Legislature has been distinctly hostile

^to what men are already calling “ the telephone monopoly.”
The petition of the American Bell Company for the
privilege of increasing its capital stock was denied,
although it was proposed not to water the stock, but to
sell the

the proceeds in develop¬
ing and establishing long-distance telephony. The act afternoon on sales of less than a hundred shares, and
referred to as having been passed was intended to break sometimes again a determined seller has depressed the
up the close relation between the American Bell Com¬ market several points on a sale of less than a share, on
pany and the Western Union Telegraph Company, which an average, to a point.
That is not a way to recommend a stock to the public,
was established by the company of which the American Bell
is the successor and assignee, in the form of a permanent certainly.
But it must be evident to all who have been
contract.
But in no other action was the temper of the interested in the development of the telephone business,
Legislature shown in so marked a manner as in the that there is a great future rfor that business, and that
movement to
fix a maximum rental.
The committee immense fortunes will be built upon it, as upon railroads
having the matter in charge reported against such a and telegraphs. Of course, too, there will be great losses.
measure, but the House of Representatives, after a brief and Hitherto Boston has had a monopoly of both. Those who
rather fierce debate, rejected the report and substituted have been most successful are they who foresaw the
future of the invention, and bought stock in the Bell Com¬
a bill ; and when the matter came up again the bill was
advanced a stage by a decided vote. 'It cannot be denied pany before it reached par.
They have seen their divi¬
dends
increase
from
a
modest
six per cent to a regular
that these votes were of a character to disturb and even
That it was extremely short¬ rate of three per cent quarterly, with an extra dividend
to alarm conservative men.
sighted to make such a savage attack upon an enterprise of three per cent last year and another extra dividend
that has added greatly to the wealth of Massachusetts, of 2 per cent this week.
Possibly there is trouble
and that is so nearly the exclusive possession of that ahead, both for the Bell Company and for the numerous
But they have a strong position, and
State, is too evident to need more than a mention. It local corporations.
seemed to be, to some members, a sufficient answer to cannot be easily dislodged.
The foundation patent’is
say that the increase of wealth was greater than the running out, but telephoning will not be free when it
increase of taxable property.
expires.
The American Bell Telephone Company has
There is another and a much graver objection to the from the beginning adopted the policy of buying every
measure, namely, that it was an attack upon property and useful patent; and the licensees of this company will be in




ne w

shares at par

and

deeply interested by the nature of its extra-territorial
investments than any other State, that such rights shall
be -sacred.
Fortunately the true significance of the
measure which the Legislature was asked to adopt was
quickly discovered.
The newpapers took alarm and
pointed out the essential folly of what was proposed, and
on the next stage the bill was rejected by an overwhelm¬
ing vote. It is therefore fair to conclude that the tem¬
porary favor shown to the measure meant nothing more
than a somewhat tumultuous outburst of feeling, and the
members were able to repress even that when they became
aware that they were setting a mischievous precedent.
It is more pleasant to look at the matter from the
point of view first suggested,—that the mere fact that
such a law has been in contemplation emphasizes the
extraordinary importance which the telephone has acquired
in an almost incredibly short time.
No invention for the
facilitation of communication ever made such rapid prog,
Ten years ago the very idea of using a wire for
ress.
the conveyance of spoken words would have been scouted
by ninety-nine out of every hundred scientific men. Six
years ago the telephone was still in the stage of experi¬
ment to such an extent that most men regarded it as little
more than a scientific plaything.
Now it is in use in
every city and large town in the country, and in every
progressive city in the world. Wo adduce no statistics,
which are accessible to every one, and which are not
necessary to convince any observer of the wonderful
development of this method of communication. We may
remark, however, that too little notice has been taken
outside of Massachusetts of the financial importance of
the telephone.
Boston is the headquarters of the Bell
Company; most of the stock is o wiied in that neighbor¬
hood, and the shares are dealt in only at the Boston Stock
Exchange. Owing partly to the manner in which the stock
of the company was originally disposed of, the fluctuations
in price are almost as wild as a mining stock when San Fran¬
cisco is crazy over a bonanza or a collapse.
That is to
say, there are a great many weak holders wdio are easily
frightened, but their holdings are very small. The market
has sometimes advanced nearly forty. points in a single

use

June 27,

occupation of the territory, which is a strong point in
their favor. Whether the stock of the company will ever
be any less than it is now an extra hazardous speculation,
is merely matter of guesswork.

gpfrmetargi ©oraraercial Huglisft Uetxrs
BATES OF EXCHANGE AT LONDON AND
AT LATEST DATES.
EXCHANGE AT LONDON-Jane 12.
Time.

On—

.

Berlin.
Frankfort...
Vienna
Trieste."-....

Antwerp.

...

St. Petersb’g
Paris
Paris
Genoa..

.

Madrid...*..
Cadiz
Lisbon

Alexandria

.

Constant’ple
Bombay
....

Calcutta
New York...
Hong Kong.

....

Shanghai....

June
June
June
3 mos. 2055 ©20-59
a
Juue
2056
@2060
a
June
20-56
@20-60
a
12-56*4® 12-61*4 June
a
12-56*4@12-61*4 June
a
25-43-H® 25-48 34 June
a
June
2378@24
June
Short. 25-20 @25-25
June
©25-40
3 mos. 25-35
i»
25-51 *4@ 25-56*4 Juno
if
June
46*8 @40*4
ii
4 6 *8 @ 4 6 *4
June
a
June
51*»i«@52*ifi
a
Juue
u
June
D’m’nd
June
Is. 7'ied.
H
June
Is. 7b6d.
Juue
60 days
June
June

I From

onr own

ON LONDON

EXCHANGE ON LONDON.
Latest
Date.

Bate.

Amsterdam. 3 raos. 12 27s ©12-33a
©122
Amsterdam. Sight. 12T

Hamburg..

755

THE CHRONICLE.

1885.]

11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11

Time.

Bate.

Short.

1206

....

Short.
ii

ii
ii

20-43
20-39
20-41
12-43

ii

ii

25-28

3 mos.

Checks

24» i«
25-21

Short.
3 mos.

46-90

R mos.
tel. tsfs
if

60

11
11

days

4 mos.
ii

110-87
Is. 6*51 fid.
Is. 6*5jfid.

4*85*2
3s. OSgd.
4s. I0*4d.

correspondent.]

London, Saturday, Juae 12, 1885.

Messrs.

Pixley & Abell report

as

follows

on

the state of the

bullion market:
Gild—£25,000, in bars, lias been sent by tlie Nepaul to Bombay, and
no inquiry for other quarters.
The B+nk has received
during the week £91,000 from South America, and £10,000 from Port XL
gal, while £50,000 has been taken out perLisbon. The Maskelynefrom

there has been

Brazil brought £90,000; Valetta from the East £10,000; Medway
rrom West Indies £4,900; total £104,900.
Silver has been steady at 49*8(1., with hardly any offering, and the
amount by the Hogarth to-day has been sold at 49 3-16d; £39,000 has
arrived from New York and £2,900 by the Royal mail steamer.
The

Nepaul takes £85,000 to Bombay. Mexican dollars are entirely nomi¬
nal, pending the arrival of the French steamer, with about £170,000
due at St. Nazaire on 13th inst. There is again an inquiry on French
Government account, and a rise in price on the last quotation will
probably take place.

of money is now being witnessed
development of a “ bull” speculation on the Stock Ex¬
change. So far it has not assumed anything approaching to
important dimensions, nor have American railroads been
incorporated in the movement, which has been mainly confined
to home railway stocks; but there is no question that money
is being diverted to the Stock Exchange for temporary employ¬
ment.
Speculative buying is also being stimulated by the
splendid weather, which is materially benefiting the crops,
and it is to be hoped will ultimately influence the internal
One effect of the cheapness

in the

trade of the country.
The holders of the Canadian 5 per cents have renewed their
bonds and stock for 24}£ years at 4 per cent interest, in
accordance with the

proposals of the Dominion Government.

The tenders for the South Australian 4 per cent

loan for

£1,560,400 amounted to about £3,800,000, at prices ranging
from the minimum of £98 10s. to £103.

Tenders at £100 6s.

will receive about 31 per cent, and above
The average price was £100 9s. 5d. per cent.

that price in full.

The feature of the week has been the defeat and

Tenders for £150.000 four per cent debentures of the Westresignation
the political port (N. Z.) Harbor Board, and for £100,000 four per cent deben¬
world as a great surprise, and no wonder when it is remem¬ tures of the Greymouth (N. Z.) Harbor Board, were opened at
bered how the Government have hitherto managed to obtain the Bank of New Zealand. Tenders for the Westport loan
a majority in support of schemes which involved a yielding
amounted to £302,100, at prices ranging from the minimum of
of national honor.
That they would be defeated and go out on £95 to £97 10s.; those at £95 10s. Cd. will receive allotments in
the Budget proposals was certainly not expected.
The effect full, those at £95 10s. about 98 per cent; average, £95 14s.
upon business has been inappreciable.
It w-as at first thought Tenders for the Greymouth loan amounted to £276,200, at
that a general election would be hastened, but it is now believed price?, ranging from the minimum of £95 to £96 10s.
Tenders

of

the Government.

The

event

came

that it will be deferred until the autumn.

Trade in the immedi¬

hardly suffer from the new phase into
which political affairs have entered. On the Stock Exchange
the influence has been very slight. Weakness at first pre¬
vailed, but it soon passed away and the decline was recovered.
From the chief commercial centres reports do not refer to any
new developments.
Confidence is still in a great measure
wanting, and business remains more or less restricted. The
wool sales are not going off so well as was expected.
It is
evident that that initiation of commercial prosperity which it
was hoped had set in, is still to be won, and we must be con¬
tent to wait yet awhile before we realize it.
Improving crop
prospects and continued cheap money are not so far bearing
fruit. As the holiday season is now setting in, the various
markets may be expected to retain their present aspect of
quietude.
Money has been very easy. There has been no fresh feature.
Capital is, if anything, becoming more abundant, whilst the
employment offering for the same diminishes rather than
increases.
Quotations remain very low in consequence.
Borrowers are few and far between, and their wants insignifi¬
cant.
Day to day money nominally remains at
to 4£ per
cent, with no demand whatever for it. Yet we continue to
receive gold from abroad. The metal is also returning from
Scotland, and the stock of bullion in the Bank of England is
now £27,702,000.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consolp,
the price of middling upland cotton and wheat, and the Bankers’
Clearing House return, compared with the three previous
ate future will therefore

H-

upon

at £95 10s. 6d. will receive allotments in

full, those at £95 10s*

about 36 per cent ; average,
The Crown agents for the

Australian 4 per

£95 16s. Id.
colonies invite tenders for a West
cent loan for £525,000, the minimum being

97)2

per cent.
Two new six per cent Chinese loans are talked about, one
for £1,500,000, which will be issued by Messrs. Baring and

for £750,000 by the Hong Kong &
Shanghai Banking corporation.
According to Kemps Mercantile Gazett3, the number of
failures in England and Wales during the week ending June
6th was 75. The number in the corresponding week of last year
was 51, showing an increase of 24, being a net increase to date of
175.
The number of bills of sale published in England and
Wales for the week ended June 6th was 222, being 21 more
than last year, and raising the increase to date to 145.
The
number published in Ireland for the week was 16, or 8 more
than last year, the net increase to date being 2.
The weather the past week has been exceptionally favor
able.
Succeeding the rains there has been a spoil of brilliant
sunshine which has brought the crop3 on well, and a consider¬
able portion of the lost ground has been recovered.
A con¬
tinuance of weather such as we are now enjoying would
speedily reduce apprehensions of a late harvest. Wheat,
barley and oats are all looking well, and are growing rapidly.
The prospects of the hay crop also have materially brightened.
The grain trade has been very quiet during the week.
Wheat has sold very slowly and has frequently favored buyers
to the extent of 6d. to Is. per quarter. There have been liberal
arrivals, notably of Russian produce, and as the demand has
been merely of a hand-to-mouth character quotations have
years:
1884.
1883.
1885.
1882.
net been supported.
Dull markets are clearly foreshadowed
Circulation, excluding
£
£
£
£
7-day <fc other bills.. 25.043,290 25.237,505 25,202,825 25.793,940 so long as the present weather continues. There never has been
Public deposits......
7.097,715
8.932.495
7,494,252
G.531,159
Other deposits
A certain amount of excitement
27.410,392 23,049,8^4 22,391,408 23,525.9;.9 any real life in the trade.
Oovernrn’t securities. 13.743,004 13,113,919 13,314,898 13.774 159
prevailed
at
the
time
when
the Anglo-Russian dispatch 5vas
Other securities
20.991,312 21,908,895 22,452,099 20.587,0-9
.Res’veof notes «fe coin 18,209,305 15,348,906 11,943,257 13.591,760 passing through its most acute phase, but it died out almost
Coin and bullion in
as soon as it was generated, and as more pacific views asserted
both departments.. 27,502,595 24,336,531 21,396,032 23,610.700
Proport’n of reserve
themselves the trade gradually relapsed into its old and wellto liabilities
51*6 p. c.
46 78 p. c.
39-I* p. c.
4 47g p. c.
worn groove of
Bank rate
2 p. c.
2*2 i>. c.
4 o. c.
3 p. c.
dulness and inactivity in which it now is and
Consols
99580.
9978xd.
100*2xd.
ICOSaxd.
Apart from agricultural influences
promises
to
continue.
Eng;, -wheat, av. price
34s. 6d.
37s. Od.
43s. 4d.
47s. 9;t
Mid. Upland cotton..
5Hiod.
«d.
531(id.
6d. nothing has occurred statistically during the week to give a
No. 40 mule twist
9*4d.
10*4(1. I
97sd.
97ed.
An increase is reported, in h
Clearing-Houseret’n. 93,283,000 92,627,000 90,052,000 130,160,000' better tone to the market.




Messrs. Matheson, and one

?

CHRONICLE.

THE

7oti

American visible supply, and shipments from the States
hence are more liberal, though still below the average of
recent weeks.
Russia is sending her produce forward with
some show of eagerness, and supplies on passage keep large;
so much so, indeed, that little or no attention is given to
the steadily-diminishing
There is a
stocks held here.
decided inclination to keep transactions within the narrowest

possible limits, and whilst this determination holds good,
frequent exhibitions of weakness will certainly characterize
prices. The average quotation of home-grown wheat for the
season has again fallen very low,
namely, to 34s. 2d. per
quarter, or 4s. 8d. per quarter below that for last season.
The following return shows the extent of the imports of

[V OL. XLi

merchandise) June 19 ; also totals since the

beginning of the

first week in January:
FOREIGN IMPORTS AT NEW YORK.

1883.

$1,239,190
5,919,343

$2,474,178
7,822,064

$1,546,243
7,335,648

5,206,178

$7,158,533

$10,296,242

$3,851,891

$6,128,904

$64,490,419
180,782,230

$59,453,291
161,899,949

$56,700,838
159,412,252

$48,232,541
134,413,926

Dry Goods
Gen’l mer'dise..
Total
Since Jan. 1.

Dry Goods
Geu’l mcr’dise..

1885.

1884.

1882.

For Week.

Total 25 weeks. $245,272,649 $221,353,240

$922,726

$216,113,090 $180,646,467

In our report of the dry goods trade will be found the im¬
produce into the United Kingdom during the past
of dry goods for one week later.
forty weeks of the season, the sales of home-grown produce, ports
The following is a statement of the exports (exclusive of
the average prices realized, and other items, compared with
specie) from the port of New York to foreign ports for the
last season:
week ending June 23, 1885, and from January 1 to date:
IMPORTS.

cereal

3.496085172—The
Wheat

1984-5.
.cwt. 40,297,833

Barley

13,661,459
9,636,417

Oats
Peas....
Beans
Indian oorn
Flour

1,530,658
2,570.282
20,056,589
13,381,502

50,514,996 45,813,073

1,402,339
1,995,099
20,354,583

1.744,506
2,097,536
15,961,321
13,463,048

10,842,428
7,837,248
1,537,292

13,824,936
11,366,296

1L.759.77L

1,414,827
16,907,577
7,462,681

Supplies available for consumption (exclusive of
September 1) in forty weeks:

stocks on
1881-2.

1882-3.

1883-4.

1884-5.

39,405,816 50,514,996 45,813,073
11,759,771 13,463,048
7,462,061
Of homo-grown..34,726,806 34,434,868 36,671,040 29,006,900

Imports of wheat, cwt.40,297,833
Imports of flour
13,381,502

Bales

85,600,455 100,619,084

82,282,654

The extent of the sales of home-grown wheat,
oats in the leading markets of England and Wales

barley and

88,406,141

Total

past forty weeks of

during the

the season, together with the average

shown

prices realized, compared with the previous season, are
in the following statement:

1882-83.

1853-84.

1884-85.

EXPORTS FROM NEW YORK

1881-2.

1882-3.

1883-4.

39,405,816
12,614,308
8,858,899

Total 25 weeks.

1885.

1884.

$6,407,662
164,299,032

$6,212,748
147,402,030

For the week...
Prev. reported..

KOR THE WEEK.

1883.

1882.

$6,971,919
152,921,540

$7,771,171
133,243,472

$153,614,778 $170,706,694 $146,014,643 $159,893,459

following table shows the exports and imports of specie
port of New York for the week ending June 20, and
since January 1, 1885, and for the corresponding periods in
The

at the

1884 and 1883:
EXPORTS AND IMPORTS OF SPECIE AT

NEW YORK.

Imports.

Exports.
Gold.
Since Jan.l.

Week.

$

$

$264,300
9,562

$

Great Britain
Franoe

Since Jan.l.

Week.

1,412,991
3,003,055
642,755
24,002

63,001

Germany

2,000
1,300
24,359

5,426,112

West Indies
Mexico
3outh America
All other countries...

38,447
5,000

192,072

$43,947
27,300
1,700

$6,173,703
37,644,629
218,890

$470,750
21,500

$7,006,473
307,490

7,182

78,908
198,8 L3

223,629

63,267

218,716

-

Av’ge

Sales.

Price

Av'ge

Sales.

d.
8.
d.
2,421,041 34 2 2,400,688 38 10
2,919,172 31 1 3,04 9,105 31 10
337,392 20 1
268,583 20 4
s.

Wheat, qrs
Barley

Oats

Converting quarters of wheat into cwts., the
whole kingdom are estimated as follows:
owt. 34,726,806

Wheat

d.
2,115,640 41 7
1,940,583 33 5
249,547 21 3

totals for the
1881-2.

Wheat

Flour,equal

Maize

Last week.
2,756,000

At
qrs.
to qrs
qrs.

present.
2,600.000
24 4,000
322,000

Ensliih

Last year.

1883.

1,943,000

1,023.500

268,000
360,000

225.000

209,000

380,000

287,000

Financial Markets—Per

Cable.

daily closing quotations for securities, <fcc., at London
reported bv cable as follows for the week ending June 2G:

$5,369,699
4.850,050
4,859,455

$27,659
982.348

55,3.8

West Indies
Mexico
3outh America
All other countries...

9

$24,332

35
4.370
67,352

220,022
185,569
439.519

1,600

7,108

$73,357

$876,626
1.897.293
2,032,330

6,235
406,124
$499,432
186,683

Total 1885
Total 1884
Total 1883

319,400

$8,004,048
6,534,207
6,701,421

76

59,324
33.970

Of the above imports for the week in 1885, $9,329 were
American gold coin and $28,585 American silver coin. Of the

exports during the same time, $43,947 were American gold coin.
United States Sub-Treasury,—The following table show*
the receipts and payments at the Sub-Treasury in this city,
as well as the balances in the same, for each day of the past
week:
Balances.

London.

flllver. per oz

d.

Sat.

Mon.

Tucs.

Wed.

49%«

49%6
99916

49%fl
99716

493ie
999l6

9938
Consols for money
Consols for account
997!«
FFch rentes (in Paris) fr 81'57 *2
11538
U. S. 4%s of 1891
1253s
U. 8. 4s of 1907
Canadian Pacific
4O70
71
Chic. Mil. <fc St. Paul
Erie, common stook.... 10%
128%
Illinois Central
49%
Pennsylvania
7%
Philadelphia <fe Reading
89
New York Central

99%
31*70
115%

1253s
41%
73%
10%
128%
50

7%
91%

99%
81*55
115%
125%
41

72%
10%
128%

999,

Thurt.

49%ft
99Hlfl
99Ultt

81*52% 81*37%
115%

115%

125%
41%
71 %
10%

125%
42%
73%
10%

128%

49%
73q

49%

89

89%

73«

129

49%
7%
89

Fri.

99%

National Banks.—The
been organized:

74

10%
129%
49

7%
88%

following national banks have lately

People's National Hank of Clay Center. Kan.

Capital,

$50,000. H. H. Tavlor. President; F. II. Head, Cashier.
First National Hank of San Marcos, Texas. Capital. $30,000.
Edwin J. L. Green, President; Gabe F. Kerr, Cashier.
Norfolk National Bank, Norfolk, Nebraska. Capital, $30,000.
Charles P. Mathewson, President; no Cashier.
First National Bank of Riverside, Cal. Capital, $30,000.
Isaac V. Gilbert, President; Azro H. Naftzger, Cashier.

Citizens’ National Bank of Watertown. Dakota. Capital,
$5'>,000. Alfred D. 8eet, President; Walter D. Morris, Cashier.
Miami County Nation il Bank of Paola, Kan. Capital, $100,.0 )0. J. W. Sponable, President: Win. Crowoll, Cashier.
Wiutield National Bank, Winfield, Kan. Capital, $100,000.
TI. B. Schuler, President; E. T. Schuler, Cashier.
First National B ink of Columbia. Dakota. Capital, $50,000,
Henry C. Sessions, President; Charles A. Baker, Cashier.
First National Bank of Minneapolis, Kansas. Capital,
$50,000. Jacob Campbell, President; J. S. Adair, Cashier.

Imports and Exports for the Week.—The

$

Juno20.
“

......

115%
125%
41%

imports of last

week, compared with those of the preceding week, show a
decrease both in dry goods and in general merchandiseThe total imports were $6,128,904, against $7,002,822 the pre.
ceding week, and $7,075,787 two weeks previous. The exports
for the weekended June 23 amounted to $G,971,919, against
$6,040,368 last week and $6,058,749 two weeks previous. The

following are the imports at New York for the week ending
(for dry goods) June 18 and for the week ending (for general

Payments.

Receipts.

Date.

493 iQ
99%

©oraracvctal and miscellaneous IXeuxs




Germany

and Indian

The

are

Silver.
Great Britain
Franoe

36,671,040 29,006,900

34,434,868

following shows the quantities of wheat, flour
afloat to the United Kingdom:

The

corn

Price
».

1882-3.

1883-4.

1884-5.

Tetal 1885
Total 1884
Total 1883

Av'gt

Sales.

Price

“

"
“
“

22.
2%
24.
25.
26.

Total...
*

979,014
1,210,696
1,270,860
1,586,648
1,778,932
1,281,430

88
63
91
48
94
37

Currency.

Coin.

$
$
9
790,630 22 152.104,189 76 20,208,437
1,210,429 11 152,425.127 48 19,887,817
756.810 25 153,056,201 51 19.770,794
838,241 70 153,797,113 96 19,778,238
791,404 24 154.297.790 78 20,275,140
1,030,710 23 154,783,157 64 19,980,493

72
52
15
48
36

64

5,468,225 75
8,107,614 21
gold certificates taken one of cask.

...

luckules $100,0 jO

advertising columns to-day will be found a list of
payable at the banking house of Messrs,
Winslow, Lanier & Co., on July 1, and at different dateg
during July. This firm has long been a favorite financial
—In

our

interest and dividends

agency

of various cities and corporations, and each

six months

its list of coupon payments becomes more and more extensive.
—The Ontario Silver Mining Co. of Utah has declared its
usual dividend ($75,000) for May, payable at the San Francisco

or by Messrs. Lounsbery & Co., transfer agents, Mills
Building, New York.
Auction Sales.—The following were sold at auction lately
by Messrs Adrian H. Muller & Son:

office,

Shares.
21 N. Y. City & No. RR.Co..
5%
12%
74 Summit Br. RR. Co
280 Accelerating Fire Arms
Co
$20 for lot
4 Central Tunnel RR. Co..$7 lot
2 N. Y. & N. J. Tunnel RR.
Co
$1 for lot
67 N. Y. Mutual Gas L’t Co. 134%
40 North River Bank
120
10 Real Est. Exchange and

Auct’u Room

(Limited). 91
Co... 72

5 Guardian Fire Ins.
Bonds.

$9,000 Chic. & Can. So. RR.
1st M. Sink. Fund 7s, due
1902. Oct., ’75, coup*, on,
with 9 bds. of $L40each for

fund, cps.,

April, ’85, coups.

oil...:

$360 dies. & Oliio
interest scrip

RR. def.

18%

35%

Bonds.

$1,000 Grand st. & Newtown

RR. Co. 1 st M. 7s, due’96.. 107
$2,000 City of Rochester, N.
"Y., 7s, due 1893
....122
$1,000 Town of Arcadia, N.Y.
7s (Issued to Sod is Foiut
A* So. RR), due 1900
102
$150,000 Bankers <fc Merclis.’
Tel.

Co.

Geu.

M.

6s

gold

bonds, due 1901. Jan. 1,
*85, coupon, Nos. 381 to
53<>, Inclusive
;

6

$3,000 Tol. Del. St Bur. RR.
1st M. bds.. .$26 t<>$105 per bd.
$500 Stats of S. O. Rev. bd.
scrip, receivable for taxes. 12%
$20,000 Southern Tel. Co. 6s. IS
luternat. RR. Tin >. Co. scrip
div. cert., entitling holder
to 15 shares Mex.

Oriental,

Interoceanie & Interuat’i
RR. Co. whenever issued..$1, lot

Exchange.—Sterling exchange has been very dull and weak,
demand, together with a slightly-increased sup¬
ply of commercial bills, causing drawers to twice reduce posted
rates—$ cent each time—but advancing again to-day -$ cent
and leaving the quotations at 4 85$ and 4 86 $.

She flankers' (Sa^eite.

the absence of

DIVIDENDS.
The

following dividends have recently been announced:

'*8

Name of Company.

S

Railroads.
Chic. R. I. <fc Pacific tquar )
Pel. Lack. <fc Western (quar.)
Evansville & Terre Haute (quar.)
Richmond & Petersburg
Rock Island & Peoria
Yeimont Valley
Banks.
Bank of America
Bank of North America

Books Closed.

Payable.

(Bays inclusive.)

13i

Aug.

2
1

July
July
July

2ki
2*3

Bowery National

July

1

4
3
5

July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July

1
1
1
1
1
1
1
3
3
1
3

3

Central National
Chatham National
East River National
Eleventh Ward
Fourth National

5
4
4

Importers’ & .Trader s’ National...
Irving National
Leather Manufacturers’ National.
Market National
Mechanics’ National
Mechanics’ & Traders’ National...
Merchants’ National
National Broadway
National Butchers’ & Drovers’
National Citizens’
National Park
National Shoe & Leather
Ninth National
North River
Oriental

1 June 28 to July 27
20 July
1 to July 20
1 June 23 to June 30
1 June 26 to

3

4
7
4
5
4
4
4

3ki
10
4

Tradesmen’s

5
5
3

July
July
July
July
July
July
July
July

Insurance.
Hamilton Fire

5

July

1

July

15

Peoples’

3%
4
4

3*3
4

June 25 to July
5
June 25 to June 30
to June
to June
to June
to June
to June
to June
to Juno

30
30
30
30

30
30
30

$2

Brooklyn Trust

•

5
5

Central Trust

July
July
July
July

$5

Quincy Railroad Bridge
Wells. Fareo & Co.....

2

to

July

June 30
June 30

3;

1
3
1 June 27 to June 30
1

4

FRIDAY.

July
July

1
3!

5!
15*

JUNE ‘26,

to

July

15

1885-5 P. M.

changed since

we last wrote, and the facts remain substantially
Winter wheat is bad, and part of the land has

been

ploughed up and put in corn; other crops at the North
promise well; cotton is doing finely, and there has so far been
nothing to discourage the hope of a large yield.
At the Stock Exchange there has been some change in the
aspect of affairs, and the continued advance of last week
has been seriously
checked.
The simultaneous move¬
in West

ment

Shore

bonds

and

the

Vanderbilt

stocks,
public to believe that there must be
some very
strong buying of more than a speculative character,
based on inside information, has now been attributed only to
pool manipulation. At least the JVew York Times reports that
the West Shore bonds were run up by a deliberate plan
formed by a few leading operators, who, it says, have probably
unloaded something like $2,000,000 of the bonds at high prices.
This, however, may not be correct to the full extent reported,
and certainly the reaction in the Vanderbilt stocks has not been
so great as to lead one to
suppose there was nothing in the rise
except a sympathetic movement with West Shore bonds.
The few reports yet received of net earnings on the railroads
in the month of May have not generally been good, and it
cannot be expected that the roads will show any decided
prosperity until rates are restored to a rational basis, and this
ought to be done speedily.
Rates for call loans during the week on stock and bond col¬
laterals have ranged at l@l$per cent, and to-day at the same
figures. Prime commercial paper is quoted at 3 @4 per cent.
The Bank of England weekly statement on Thursday showed
ft gain in specie of £76,901, and the
percentage of reserve to
liabilities was 52$, against 52$ last week; the discount rate
remains at 2 per cent.
The Bank of France gained 8,124,000
franca in gold and 2,241,000 francs in silver.
The New York Clearing House banks, in their statement of
June 20, showed an increase in surplus reserve of $460,575
the total surplus being $62,440,500, against $61,979,925 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two
preceding years in the
averages of the New York Clearing House banks.
which

led

the

1885.
June 20.

Di ffer'ncesfr'm
Previous TreeA;. I

•

1884.
June 21.

1883.
June 23.

Loans and dis. $-91 883,800'Tnc.$2,046,500 $293,052,700$326,044,40<
114, 651,300 Dec.
531,9001
51.346.600
63,233,601
Circulation.. I
9, 978,800 Dec.
158.800
14,399.4 0
15,799,20
Net deposits..
371, 751,200Une. 4,155.700 280,698,100 323(li 6,4<K
40. 727,00-)j Inc. 2,031,400
Legal tenders.
28,846,000
26.525.70C

Specie

Legal

reserve

Reserve field.

Surplus.




4

85*3

4 86*3

4 84
4 83%
5 20 %

Paris (francs")
Amsterdam (guilders)
Frankfort or Bremen (reiohmarksl

•

•m

m mm

5 1834
40 %

40£>1C
95

95%

United States Bonds.—The dealings in Government bonds
have been moderately active the past week, and prices continue
-

to rule

The

quite strong.
closing prices at the N. Y. Board have been
Interest June
Periods.
20.

41*8,1391

..reg. Q.-Mar.

4k»s,1891....

.coup,
-reg.
coup.
...reg.
...reg.
...reg.
...reg.
...reg.

June
22.

June
23.

June
24.

as

follows:

June
25.

112% ’112% *112% *112% *112%

June
26.

112%

q.-Mar. *112*3 *112% *112% 1125k 1125k *112%
122 Hi 122k?
43,1907
Q.-Jan. 122*4 12213 122% 122
43,1907
Q.-Jan. 12314 123% 123% 123% 123% 123%
(J.-Feb. 104 j*i03*V 104 ;*i03% 10414*104
38, option U. S.
J. & J. *12714 *127 1*1271.1 *12714 *12714 *1271.4
6s,ciir’cyf ’95.
J. & J. *12913 *129 r 129
6j,cur’cy, ’96.
|*12834 *128!fl;*1291-1
J. & J. *1303jj*131
6s, our’ey, ’97.
‘*13013 *150 1*130 (*130
J. & J. 13313*13338! 13313*133
6s,cnr'oy, ’98.
j*153i4*133!.4
63,onr’cy. ’99. .resr. J. & J. *135 1*135 j*135 ;*13434 *134%j*134^
*
Tills Is the price bid at the morning board; no sale was made.
*

.

State and

The Money Market and Financial Situation.—The com¬
situation and the crop reports have not materially
same.

bills on London

Documentary commercial

‘*2

mercial

the

Prime bankers’sterling
Prime commercial

to July
to .Time 30
to June 30

to

Sixty Days Demand.

Jujie 26.

.

miscellaneous.
American Bell Telephone (extra).

YORK,

June 27 to July
5
June 30

J une 17
June 23
June 21
June 19
June 27
3 June 24
1 Juno 25
1
3 June 26
1 June 25
3 Juno 21
3
3 June 25
3 June 20

To-day the rates on actual business were as follows, viz.:
days’ sterling, 4 84$@4 85; demand, 4 85$@4 86.
Cables, 4 86@4 86$. Commercial bills were 4 83@4 83$. Con¬
tinental bills were : Francs, 5 20f@5 21$ and 5 18$(g)5 18$;
reichmarks, 94 £@94$ and 95$@95$; guilders, 40@40$ and
40$@40f.
The posted rates of leading bankers are as follows :
Bankers’ 60

When

1

NEW

757

THE CHRONICLE.

1888.]

June 37,

$9 ?, 937,900 luc.$1,038,925
1g5. 378,300| Die.

1,499,500

$70,174,525
80,194,600

$62.440,560; fne.

*160 57 =

*10.020 075

$60,776,600
89.759.50L

Railroad Bonds.—State bonds have been mod¬

erately active, the sales for the week including $20,000 North
Carolina 6s, 1919, at 110$; $5,000 do. consol. 4s at 88$@
88$; $25,000 Georgia 7s, new, at 105$; $4,000 Arkansas 6s,
funded, at 5; $3,000 do. 7s, Central RR. issue, at 3$; $2,000
Missouri 6s, Han. A St. Jos. RR. issue, at 106$; $19,000 Ten¬
nessee compromise bonds at
551 $-$; $5,000 do. 6s at 47$;
$10,000 Virginia 6s, deferred, at 6.
The leading feature of the railroad bond market has still
been the active speculation in West Shore 5s and Erie 2ds, both
of which were very strong and advancing on Saturday, the
20th, but broke sharply on Monday, the transactions being
heavy. West Shores have continued weak since, but Erie 2ds
have been more steady.
In general, the bond market has been
pretty strong, and many of the better classes of bonds show an
advance in prices.
West Shore 5s close at 34$, against 37$ last
week; Erie 2ds at 50$, against 50$; Louisville A Nashville
trust bonds at 95$, against 92$; Missouri Kansas A Texas gen.
5s at 61, against 60$ do. gen. 6s at 74$,
against 73$; do. con¬
sol. 7s at 109$, against 108$; Union Pacific lsts at 116$, against
116; Northwest 25-year debentures at 100$, against 99$; Rich¬
mond A Danville Gs at 103$, against 102$.
Notice is given
that the July, 1884, coupon on the Virginia Midland income
bonds will be paid by the Central Trust Company on July 1
proximo.
Railroad and

Miscellaneous

Stocks.—The

week

has

been comparatively active in Stock Exchange transactions, and
the increased volume of business has been accompanied by con¬
siderable fluctuations in prices, the market showing alternate

strength and weakness, influenced, as it has been, mostly by
the operations of the different cliques in their favorite stocks.
On Saturday, June 20, the market was generally strong, under
the lead of the Vanderbilts, but on Monday, with considerable
sales to realize, there was a break, the decline being most proT
nounccd in the Vanderbilts, in consequence of the collapse in
West Shore bonds, which had previously been very strong.
Since then, prices have been irregular, varying from strength;
to weakness, the fluctuations on some days being considerable.
The rise of ten points in Manitoba was a conspicuous feature
of the speculation, the movement being based on rumors that
Burlington A Quincy was seeking control of the road. This
has since been denied, but the stock has not reacted much,,
closing to-day at 8$ points above the close of last Friday.
Lackawanna has been again prominent in the dealings, and,
after an advance early in the week, has latterly been weak, on
rumors that the coming quarterly dividend would be at a reduced
rate.
Louisville A Nashville has been strong throughout, the
strength being based on the reported improving financial con¬
dition of the company and the continued rise in its bonds.
Pacific Mail broke quickly on Thursday, in consequence of the
reported loss of the company’s steamer City of Tokio in the
harbor of Yokohama, Japan.
Afterward it was stated that she

had run
aground only, but subsequently,
would probably be a total loss. - The steamer
but could probably now be replaced by a
for the service at half that cost.

dispatches said she

has cost $1,275,000,
vessel equally good

To-day the market was active in the morning at prices barely
steady, and in the afternoon dull, with prices weaker toward

the close.

THE CHRONICLE.

758

Saturday,
J

20.

uno

RAILROADS.

*9

10

Central of New Jersey
Central Pacific

39%

41%

31%
*4

32*
4 hi
8*4
4 ha

8*4

lstpref....
2dpref....

4%

12534 126
69 hi 7034

Chicago Burlington & Quincy.
Chicago Milwaukee & St. Paul

Northwestern

Do

108 ha

pref.

108

pref.

127 *4 129

Do

93%

93*8

117*4
Chicago Rock Island & Pacific 116*8
*5 ha
8
Chicago St. Louis & Pittsburg. *.
16
prof.
Do
.

Minn. & Om.

Indianap.

31%

pref.

Delaware Lackawanna
Denver & Rio Grande

East Tennessee Va.

39*8
30*8
*4

39%

31 *2

30%

■

8*4

12534 12o34
70*4 71*2
107*2 108*4
9 2 a4 93*8
128 34 12S34
11634 117

22

*5
15
22

73*8
31%

73
32

10

*4 i%

8*4
*4*4

101 *8 102*8

& Ga

4»4
3
*5
48
*3 ha

pref.

Winona <& St. Paul.

Lake Erie <fe Western
Lake Shore

Long Island

Louisville

43j

8
15
22
74

x4
a8

8*2

*4%

5

108

92% 93
127ha 127%

*8 *2

10

9/2%

128*4

116
*5
*14 *4
22

116
8
*14*4 16

116
*5

72%

72%

32

32

72*4
32%

Nashville

5 ha

*3 ha
195
*23

*60
41

41%

*40%

41%

30%

31%

*30

11

11

31
10

*9

3,210
1,575

25

125*8 125*8
3

3

4

58*8

55*8

77

77

57*8
77*4

33 •'%

34*8

33*8

35

39%

41%

39%

40%

53,325

31
4%

30*4
*4%
*7%
*4%

30%

3,325

8%

16
400
83
183

*4

8*4

8*4
*4%

5
136 *j 136 *4

5

126*4 126%
71% 72*4

126% 127%
71% 72%
108% 108%
93% 91%
93%
129
128% 128%
117% 117% 118
8
8
*5%
16
*14*4 16
22
21% 22
74%
73% 74
32
32
33%

108% 108%
93% 93%
128*4 128%
117
8
*14% 16
22
*21%

117

*5

Wost’rn, prof..

Minneapolis & St. Louis

pref..
Missouri Kansas A Texas
Do

Missouri Pacific
Mobile
Ohio

Jan

5,210
1,010

4%

5

4*4

23 ha 24
125% 125%
*8*o
*2

55%
*76ha
34

125% 125%

Nashv.Cliattauooga ifc St.Louis
New York Central & Hudson..
New York Chic. & St. Louis...

77

77

34%

35%

77
35

35%

55*4
76%
34%

95

95 %

95%

95ha

52 ha

1134

12*2
28

12 ha
27 ha

12*2

26 4

173t
9634

17%
94 ha

27 ha
17 %
95

New York T,ne.k
New York Lake

2:j8

pref.

*4 hi

5

Western ...
Erie & West’ll

10 l4

10 ha

20

20

pref.

Do

New York Naw Ha von Sr. Hart.
New York Ontario & Western.

7%

2*8

52 ha

52%

12 ha

12*2

12*2
27ha

12%
28%

17%
94%

17%

17%
94:,8

17%
91%

95

*

Do

prof.

prof..'.

40

88*8
2*8

85%

86%

39
85 ha

2
*4 %

2

*1%

10%

*10*8

Ohio Central

*1334

Mississippi

Trans-Continental...

Peoria Decatur Sr

Evansville..

Philadelphia A Reading

*

po

10*4

10
425

9

3*4
66%

95%

7,206

15

15
40

1,000

13

13

29*4

28%
17%

17%

94% 95%

94%
*7

17%

5,235
5,540

95
9

52

39%
87
2
5

89*4
10%

10

*30
85 %
2

39%
86*4

*7*8
*1%

3%

6%

8

2*4
......

7%

*7

8

2*4
*5%

2*4
6%

16 %
39 %

lo 7g|

16%

19
17

17

40*8

31)

17
•10

^2

•V

16*2
38%
%

1(5 *2
39

16%
39%

14%

14
9 hi

13*8
9 ’-4

14

1134

14 ha

14

9*4
Id ^

13%
9*4
14
14%
133%
133%

13%
*8%

special.

%

39%
%

%

%

15

1334
*834

16

15

7*2

7%

13*2

13%

9

9

Do
St. Louis & Sau

pref.
Francisco

pref.. ..
lstpref.

Do

Do

St. Paul A

Duluth

pref
St. Paul Minneap. A Manitoba
South Carolina RR
Do

Texas A Pacific
Union Pacific

—

Wabash St. Louis A Pacific—

pref.

Do

2 =>4

50

51*2
20 ha

20

23.1

3

20
3

16
19
IS
*30
82 34

*

39%

*4

%

15%

16*4
13%

13%
*8%
3 5*4

9*4
15%

18*2

17

16*4
39%
*
*4
*15 %

16*4
39%

Co
Bankers’ A Merchants’ Tel
Colorado Coal A Iron
Consolidated Gas (
Delaware A Hudson

Canal

Oregon Improvement Co
Oregon Railway A Nav. Co—
Pacific Mail
Pullman Palace Car Co
Quicksilver Mining Co
Do
prof....
Western Union Telegraph
EXPRESS.
United States

Wells, Fargo A Co
INACTIVE STOCKS.
Atchison Toneka A Santa Fo..
Chicago A Alton, prof
Cincinnati Sandusky A Clevo..
Columbus Chic. A Ind. Ceutr’l

18%

18*2

31%
83

3234
24

24

18*4
3134

84 lo Tnn

%

700

1,300

S3

95

96*4

94*2

95*4

96% 101

ll*34

12

11*2

*11*2

11 %

11%

52*8

53 ha

11%
53%

53
4
8

52%
4*4

•1
8

52%
4
8
21 hi

*61 ha

61%
*

*11

79*8

lla4
96’j
80 >4

7 4 :,4
54

7434
54*2

11
97

11
98

7834

80%

*3

5
30

63*8
140
95
53

110:,s HI

97

78*2
74*2

5 4 ha

53%
*

*2234
t62 *8

*10*2

*3

"2234
6134

5
30

62%

53*4

500

7,900
90

300
950
400

1%
50

2%

100
•200

22
80

*18

18*4

18*4
*30

99

31%
83 %

13*4

si

%

18*4
31*4
81%

100*4

11%

'll'3,

53 %
>3

54%

98% 100

*3

*7

*7

9

61 *0
3 "

02

*60

*11

4*4

11*2
97
79

*io%

11%

96

96 %

78%

74%
54 %

4

30
62 *8

1134

79%

96*4
77%

00%
79%

73

73

73

73

53%

51%

118
5
*22% 30

61%

62%

900

2%

11%
53%
3%

11%
51

11 8 V, 11.8 E, *11(5
*3
*3
5

*22%
61%

11 %
53

50%
117
*2

*22%
0la4

*10%

1,100
.

350
120
100
60

18,616
4,535
60,459
950
670
100
425

11%

97

97

77%

79

54*4
117
5
30
62%

72
49% 51
116
116
*3
5
30
*2 2 a*
72

61%

62*4

110
95
-51% 53
115
115

*136
91

130

4,436
5,489
500

131,431
140

30

67% Feb. 25j
77% May 20
3534 june2i!

59% 10434
62
78*4
22% 513a

9734 June 191
18% May 19

64%

Feb

1434

51%
31
7%

24

96

17

4% Jan. 27

' Jan. 17
36% Jan. 29

1

83

Jam' 6

1

“

44% Jan. 19
1 8% MJi y 90
2% Mai*. 11
J

15

May

ii nr*

28%
71%

8

17%

47,852

6*4
7

Feb. 27:

16%
119% 135

2

Jail.

Juno 4

!

21

138

Feb. 20

1

25

Feb.

Mar 28
Jan 27
”2 May 2
8
Jail.
3
80
Mar 21
66% Jan. 22

26j

Feb. 25
39% Jail. Si
87% Jan. lo
21 " Feb. 27
June20

100 130
Jan.
225
87 % Jail.
20
48
Jan.
224 104%Jan.

24

18
70

50
96

1 1 In

29

24%

50

70
15
05
7 6 *8
9

96%
32 a4

5 *->

22%
84%
1934

90
99
11

28
4
9

.Tune 6
62% June.l
8!
4 ~ Jan.
13% Feb. 21;

49
1
7

32

61%
12734
17%

"67" il4 "

86*4 Apr. 15i
34
Feb. 201
77 Apr. 30
62% Mar. 9!

3

8% 65%
60% 112
31
90

57%

2 138 Apr. 30 125
3 97% May 4l 87

137
102
61%
115

2 120

Ata v

117
6%
3%
34
20
78%
49

0

43* Mar. 30!
30

Jan. 30

53% Jan.

16%

14

25

59-% Jail. 29
4 6 34 Afar. 21
107 lo Jan.

32

1%

,June21
70% Jan. 2 101
7 % JunelO
7
J11110I6
0*4 Apr. 8 13% Feb. 26
41
Mar. 21 55% Stay 23
2
5% Jail. 7
Apr. 30
14
Jail. 12
6 *8 May 7
10
51

5

61 v
12

21

83

146%

2*8

6

Mar.

19

17 % May 8
30
Apr. 30
79
May 12
21
Feb. 26
77 % Feb. 7

25%
1134
24 ~
34%
1734
60%

8 34

Apr. 29!

2% Jan. 17
54
Mar. 9
26*4 ATar 1 1
4

4%

1

14%
5

23

T an.

94

20

Jail. 11
Mar. 19

0 1901, A nr
20 1 43% ATy

May 22

16

’

n*8

2.

% .Tan.

19
12

4

4% AT;ir 21
10% .Apr. 8 15
734 June 9 15%
19
13
May 29
119*->Fob. 17 135*4
Afnr

58

30

83% 122%
4
10%
7*1 20

190
Afay 2 175 184 ~
16 34
7
‘12% Jan. 6!
6
1%
Feb. 2Sj
3
4 % 18
8
Feb. 20'
42
25% Feb 261 17
27
19*4 Feb. 26' 11
37% 57%
44
Mar. 16

15

"

94%
4434
18%
36%

9% 28
63% 100%
6*4 13
115
127%

92*4 Apr. 3(1

9

10*4 May

24
40
105

10
23
85

7;

Mar

35
79

10

90

Feb. 25'
5*8 Jail. Si
934 p,u> 17

3% May 13

Jan.

30j

63% June20

2

2

55

2 115

7i

45

Juno26i

98

Apr.

I I

80%
66% May 28 78 Jan. 81 62
152
Mar. 19 142
Jan. 29 152
24
23%
May 15 2234 Feb. 27
2
1
1 % Feb. 5
1*8 Mar. 10

14%

Maryland Coal.
25

prices hid and asked; no sale was made at the Board.

4 26
Jan. 22 145
May 26 196
18
Jan. 10
Jan. 19 118
Feb. 13 46
Feb.
9 20
14
Jan. 30
8
7% Apr. 6
7
4 *4 May 27
25
17
Feb. 7

22% Mar.
122
196
15
116
40
19
10

*119

25

>

100

14%

Horaestake Mining Co




8*4
14%
51

434

95 %

6% Apr. 14

30

Consolidation Coal

Those are the

82

^0
3

'

0

Tnun

147
20

Warren
Canton Co

*

86% 133%
6% 25%

19!

9

Tnn

21

137
136
140
110
*136
*135
*135*2 140
96
*94
9 5 % 95%
96
94
94ha *94
*51 *2 53
! 52ha 52 *2 *51% 53 | *51% 53
115
112% 112*4 *111
,*112 115 ;*ii3 115

Louisiana A Missouri River...
New York Elevated
United C’o’s of New Jorsejr...
Virginia Midland

New Central Coal
Ontario Silver Mining

Foil

141

33

42% Fob. 27

Jan. 17

12

5,220

13% 13%
8%
8%
14% 14%

24ha

62 ha

5j 125%

971

97*8 Feb. 10
9*4 Feb 25

9*4 May 29

8,868

1534

■

96 ha

3 ha
7

3

2%

*82

S3

01h2

5234

roil

13
Feb. 26
29% Feb. 20
19*4 May li

100

1*4
*48

51

16

83

*135
*93
*51

Adams
American

810
400

2,987

21

3
22

18*2

Miiy

64 % Feb

May 29
Jan. 22
Mar. 21

4% .Tan
2
Jan.
7
81%Juno 1
1 % May 5

19(1

*48%

32

9
7

33

200

*16

*2

50

*2%

8034 100
28
69%

97 lo VpI)

0

Jail. 26

136% Jan

3

Feb. 25
Fob. 24!

1

14*4 15
133ha 133

19*2

MISCELLANEOUS.

American Dist. Tel
American Tel. A Cable

*2%

38%

ti

I
50
20

35

21%

5

6

Tnn

10%
21%
14%
89%

220
150

*

Rich. & Alleg., stock trust cti's.
Richmond & Danville
Rlehm’d Sr. West, P’nt, Terminal
Rochester A Pittsburg
Romo Watertown Sr, Ogdensb’g

16%

90 900

4(Ui ATnv

545

7*8

13*4

6

Mar. 6
Feb. 27
Feb. 25

.

Jan. 15

17n

7%

Juue25j

44

2,810

19%

81% 124
149%
100*4 126%

117

Feb. 26

4% Mar. 10
8
Mar. 3
52
Afar 20

Jan. 16

65

181^

19%

95% 119

10834 June25i
98Apr. 13!

i n

Jan.

22

81,064

10

10

140%

118

50% May 12
62
Jan.
2

5,000

2

9%
6%

8%
June 19
3%
200
Mar 24! 185
20
51
30
Jail.'
14
Mar. 26
14|
140
May 28 no
119% Jan. 17 128
80
ATn v 90'
86
8J.
1(5
Tnn
70
14. In Feb 9-1 i
9
20*4
17
Feb. 21!
6% 1934
2 % June24
3

IfUUaTnn

on

1,110
2,100

30
5

12734
127% Juue25l 107
76 % Jan. 12:
58*4 94*4

2% Jan. 15
4% Junell
37 In Ton

12
16
90
67 34
15
28
17

37%

1 0

2

6A

1,520
13
29

8
11

19

12*4 Feb. 26
8
Jan. 15!

100

125

20

20

1,400
3,948

95-%

13

*122
39
40
86
86%
O

89
10

10*4

405
332

83,095
1,612
95,445

28%
17%

*4%
*88 34

6
*17

17
39 hs
%

pref

Do

6 3a FeU

58*4
57%

2434

Feb. 251

36

on

39

3

41% June22!

34a,

>1221.1 125

37ha

1,010

4%

*125
*52 %

••'8

123

~

Norfolk *v. Western,

1 3lo Alar

7
7

1 1 lo Tan

::: :: :

52%

48

76%
35%

*

38

10 >8

*7 %
*2

77

52‘2

0

1,005
1,110

t b

30

*24

3%
57*8

54

O

125% 126*4

*2
56

36

88%
338

25%
126 %

2%
56%

35

87 %

126

*3%

9

38

37
86

4*4

2*2
55%

38

123

*44

46

9

95%

17-'‘a
19434

5*4

3*2
56*8
77ha
35%

95

hi

2%
4%

5£|

82% Jan. 22 109*8 Mar. 9:
4% June25 10 Jan. 15

101% T85.367
730
4%
200

3

2%
*4%

25%

26

24 hi

•

46
4

47
4

47
4

48

*3ha

*4%

135

«nir*

Feb. 20
Feb. 12i

134
118
9
19
15
Jan.17
18% Apr. 21 29
66
Juno 8 91%
23
Apr. 30 38
134
Jan. 31 141

100
930

33%

101

101% 102%
4%
4%

3*4
4%

*3

96

9734

122ha 123

Do

35
11

Apr.
4% Apr. 22

......

73%

73%
*32

128

126

‘3

44% Jan.

26% Jan. 31

Apr

1

U’nVi

A

Feb 18
Mar. 25

3
7

High

A

903.4

9~

11,100 115% Jan. 2
260,762 64%June 8
2,430 102 Jan. 28
87,245
84% Jan. 2
1,860 119% Jan. 2
4,437 105 Jan. 2
6% Mar. 31

59 %

3

95 ha

53
Mil L Shore

9 133% May

Feb.

7
31

Low.

Highest.

35% Apr. 24
23
May 7
9% Mar. 23

50

*30%

41%

100% 102
4%
4*2

4%

3
5
x46

4*4

4
57
77

t95%

Elevated, consol...

2%

2*a

48
4*4

*102*4

*12534

Oregon &

Lowest.

pAh

125% 127%
69% 71%
108
108

125%
6934 70%

32*2

40%
30%

31
4
4
8
8
5
*4*4
138
137

125

108

30

39*2
30*2

40*8
30%

101% 103% 101%
5
5
4%

3

23 ha 24
125 hi 125 34

Central

Houston «& Texas
Illinois Central

Ohio Sr-

(Shares).

9.0

& West.

Do

Manhattan

Friday.
June 26.

Pittftbnrcr. cruar...

PiAVAiaTirl At

Green Bay

32
10

40*8

40ha
29*4

40
29
*9

41*2

40
32
*9

.

22
7 2 ha

Cleveland Col. Cin. &

June 25.

Afnr

41%
3134

Do

Thursday,

June 24.

124

40
51

Chicago St. Paul

Wednesday,

June 23.

nref..

Canadian Pacific
Canada Southern
Cedar Falls & Minnesota

Chicago &

Tuesday,

i,

Air.r.ine.

Do
Do

Monday,
June 22.

For Full
Year 1884.

Range Since Jan. 1, 1885.

Sales of
the Week

LOWEST PRICES.

AND

HIGHEST

RnatAii Ar nj v

AND SINCE JAN. 1, 1885.

EXCHANGE PB1CES FOB WEEK ENDING JUNE 88,

NEW YOKE STOCK

STOCKS.

[VOL. XL*

10

t Lower prico is ex-dividend.

Mar. 17
May 12

1

19%

illo

24
130

May 26 185% 193%
3
Apr. 25
Apr. 15
Feb. 27

Mar.

June 5
Mar. 25
Feb. 25

May 28

15
121

21

122%

39%

40

18
8
7
5
14

23%
11
15
10

29

June 27,

THE CHRONICLE,

1885.]

QUOTATIONS OF STATE AND RAILROAD BONDS,
STATE

Bid.

SECURITIES.

Alabama—Class A, 1906.
Class B, 6s, 1906
Class C, 4s, 1906
6s, 10-208,1900
Arkansas—6s, funded
7s, L. Rock & Ft. S. iss.
7s, Memp.it L.Rock RR
7s, L. R.P.B. <t N.O. RR
7s, Miss. O. & R. R. RR.
7s, Arkansas Cent. RR.

Georgia— 6s, 1886
7s. 1886

Ask.

91
104
87
107
3
10
10

Bid.

Louisiana—7.8, eons.,1914

75

Ex-matured coupon—

65

Missouri—6s, 1886
6s, due 1889 or 1890....
Aayl’m or U niv., due ’92

10
10

6s, loan, 1891
6s, loan, 1892
6s, loan, 1893

5

3
102
105V

Ask.

New

bonds, J.&J., ’92-8
Special tax, all classes..
Do

6s, 1919
Ohio—6s, 1886
South Carolina-

Bid.

Ask.

10

18
4

5

18S5.
SECURITIES.

Bid.

Ask.

I Tennessee—Continued 1

6s,

new

series, 1914

47*

...

C’inp’mise,3-4-5-08,19

<JO

40
40
80

Virginia—6s, old
88 V
\
6s, new, 1866
110V 111V
6s, consol, bonds
103
6s, ex-matured coupoi.
6s, consol., 2d series—
6s, deferred
3V
3*8
District of Columbia—

...

52~
6

5*4
113

3-65s, 1924
Registered

••••••

iio

Funding 5a, 1899

BONDS.

Ask.

Bid.

SECURITIES.

Ask.1

68, Act Mar. 23, 1869 )
non-fundable, 1888. )
Brown consol’n 6s, 1893 108 V 109
|
47 V 48*4
Tennessee—6s, old,1892-8
47 34 48 V
6s, new, 1892-8-1900

RAILROAD
SECURITIES.

Wil.C.&Ru.R.

Consol. 4s, 1910

117

i

Bid.

N. Carolina—Continued-

N. Carolina—6s, old, J.&J.

Funding act, 1900

SECURITIES.

67

113
115
120
104
105 >a
113
115

Funding, 1894-95

JUNE 28,

BONDS.

104’-a

Hannibal <& St. Jo., *86.
New York—6s, reg., 1887

11234 il5*

7s, gold, 1890

SECURITIES.

759

Bid.

SECURITIES.

Ask.

Bid.

SECURITIES.

Ask.

Penn. RR.—Continued—
Cent.—1st, 7s, 1911. 137*3 140
142
Pitts. Ft.W.ifc C.—lst,7s *140
41*3
M., 78, ex-cp.,6,7,it 8 *40
Railroad Bonds.
11534 117
Pitts.Ft. W.&C.—2d,7s *138
2d, 7s, 1891
Mich.Cent.—Cons.78,1902 124*3 126
124*3
*108*8 108*o
Bonds, 7s, 1900
Consol., 5s, 1902
3d, 7s, 1912
*131
123
|
7s of 1871,1901
Clov.it Pitts.—Cons.s.fd. i*124 *-j
6s, 1909
(Stock Exchange Prices.)
124*3
126
1st, consol., guar., 7s..
4th, 8. fd.. 68, 1892....
Coupon, 5s, 1931
100
N.Y. Lack.it W.-lst. 6s 124*8 124*3
St, L.V.itT. H.—1st,g.,7s 118
Atch.T.&S.Fe—4 Vs,1920
Registered, 5s, 1931....
101
Jack.Lan.it Sag.—6s,’91
97
102
Construction, 5s, 1923
Sinking Fund, 6s, 1911.
2d, 7s, 1898
74 V 7534 Del.& llud. Canal—1st, 7s *116
85
*92*
105
Milw.it No.—1st, 6s, 1910
Atl. & Pac.—1st, 6s, 1910.
2d, guar., 7s, 1898
119
*117
Balt.it O.—1st, 6s,Prk.Br.
Pitts. Cleve.it Tol.—lst.Os 105 V
1st, 6s, 1884-1913
i
1st, ext., 78,1891
117
Pitts. June.—1st, 6a, 1922
Bur.C. Rap. & No.—1st, 5s 1064 107-38
Mil.L.S.itW.—1st,6s, 1921 101*3 102
Coupon, 7s, 1894
92
!....
Mich.
Div.—1st, 6s, 1924
10034 Pittsb.McK. it Y.—1st, 6s
Consol., 1st, 5s, 1934 .... ~Registered, 7s, 1894
Minn.it St.L.-lst,7s,1927 *12234 123
Rome W.& Og.—1st,7s,’91 108
111
Minn.itSt.L.—1st,7a,gu. j*128
1st, Pa. Div., cp.,7s,1917 i36
’3
la. City & West.—1st, 7s ....
75
1st, Pa. Div., reg., 1917. 136
Con., 1st, ext., 5s, 1922.'
lowaExt.—1st, 7s, 1909,*118
112V 114
Alb. it Susq.—1st, 7s
C. Rap. I. F.& N.—1st, 6s' 107*8 108
Roeh.it Pitt.—1st, 6s, 1921 *107
2d, 7s, 1891..
! 100 102
103
102*2
1st. 5s, 1921
111*3
S’thw.Ext.—1st,7s.l910 111
.1
i 96
2d, 7s, 1885
Consol., 1st, 6s, 1922K.. i
103
Pac. Ext.—1st, 6s, 1921
Buff.N. Y. & P.—Cons., 6s
Rieh.it Alleg.—1 st,7s,1920!
1st, cons.,guar.7s,1906 129*4 130
55 V 56
'74
115*4
Mo.K.it
74*4
Trust. Co. receipts
General, 6s, 1924
V
1
1st, cons., gu., 6s, 1906
T.—Gen’l,6s,1920
j
I *55
Rons. & Sar.—1st, cp.,7s' 140 !
60*2 61 j Rich.it Danv.—Cona.,g.,6s 103
Can. So.—1st,int.guar. 5s!
General, 5s, 1920
99V 993.
109
1st, reg., 7s, 1921
Debenture 6s, 1927..
109*3
66V 67
2d, 5s, 1913
Cons., 7s, 1904-5-6
..| 68V--.--.
{*140
64
106*3
Denv.it Rio Gr.—1st, 1900 105
At.l.itCh.- '
Cons., 2d, income, 1911.
| 70
!
Reg., 5s, 1913
1
105
55*3'
H. it Cent. Mo.—1st, ’90
I *87 1
Central Iowa— 1st, 7s,’991!
96
97 ) 1st, consol., 7s, 1910
|
!
East. Div.—1st, 6s, 1912 *
'Den.So.Pk.it Pac.—1st,7s.
.! 41
74*2; Mobile & Ohio—New 6s.. 105*3!
58
1 115
Ill. Div.—1st. 6s, 1912..
Collater’l trust, 6s, 1892
St. L. it Iron Mt.-lst,
I
jDen.itRioU.West.—1st,6s 41*4. 41*3
55
!
!
108
Chesapeake & Ohio—
1st,
Extension,
6s,
1927
2d,
7s, 1897
1108V
|Det.Mack.itMarq.—1st,6s
50
Pur. money fund. 1898.. 110*3;
I Land grant, 3*23, S. A...
Arkansas Br’ch—1st, 7s 10s 1
Morgan’s La.it T.—1st, 6s
*99 V
110
Cairo it Fulton—1st, 7s. !
6s, gold, series A, 1908
E.T.Va.itG.—lst,7s, 1900 116
'lOOV
1st, 7s, 1918
105
Cairo Ark it T.—1st, 7s
6s, gold, series B, 19031 *60 »a I 60*3
1st, cons., 5s, 1930
48*3; 48^8 Nash.Chat.it St.L.— 1st,7s 122
42
19
*
Gen. r’y & 1. gr., 5s, 1931
6s, currency, 1918
2d, 6s, 1901
40
73V
Excoupons 9 to 12....
Divisional
N.
Y
104*3
115*2
1930
95
Mortgage 6s, 1911
5s,
St.L.Altomt T. H.—1st,7s
Central—6s, 1887...
1
64
106
Ches.O.itS.W.—M. 5-6s..
Deb. certs., ext’d 5s
Eliz.C.it N.-S.f.deb.,c.,6s
105*4
*99
138
N.Y.C.& H.—1st, cp., 7s 137
Chicago & Alton—
1st, 6s, 1920
84
1st mort., 7s, 1893
122*3
Eliz.Lex.it Big Sandy—6s
Bellev.it So. Ill.—1st. 8s *113
136*4 13634
1st, reg., 1903
124
104
!
i'15
Sinking fund, 6s, 1903.; 121
Erie—1st, extended, 7s...
Deb., 5s. 1904
j St.P.Minn.it Man.—1st,7s
La. & Mo. ltiv.—1st, 7s.
136
*114
110*2!
137
2d, extended, 5s, 1919
Ilarlem—1st, 7s, coup
|114
V
123
119
Dakota
!ll5
2d, 7s, 1900
3d, extended, 4*28,1923. *104*4 105*3
1st, 7s, reg., 1900
Ext,—Gs, 1910..
i
,*135 V
St. L. Jack. & Cliic.—1st 119*8
il2'2 113
4th, extended, 5s, 1920. *109 i
N.Y.Elev’d—1st, 78,1900! 124
124V 1st, consol., 6s, 1933
*106 *3! 107 *3 N. Y.P.itO.—Pr. l’n, 6s,’95
1st, guar. (564), 7s,’94
5th, 7s, 1888
39
*110
41
2d, (360), 7s, 1898 .:
1st, cons., gold, 7s, 1920. 115 1115 *4 N.Y.C.itN.—Gen.,6s, 1910
30
40
Trust Co. receipts
2d, guar. (188), 7s, ’98
1st, cons., id. coup., 7s
a
is
N.Y. it N. Engl’d—1st, 7s
i05**
So. Car. R’w—1st, 6s, 1920
Reorg., 1st lien, 6s, 1908 *
Miss.K.Br’ge—lst.s.f.Os
’120
Chic.Burl.it Quincy—
107
95
Long Dock b’uds, 7s, ’93
1st, 6s, 1905
2d, 6s, 1931
76 7,
50
Consol. 7s, 1903
135*3
78
N.Y.C.it St.L.-lst,6s,1921
EuiLN.Y.itE.—1st, 1916 129 I
Shenand’hV.—1st,7a,1909
25
N. Y.L.E.A W.-New2d6s *4934'
5s, sinking fund, 1901..
2d, Os, 1923
!
I
Collat’l trust, 6s, 1922.
N.Y.W.Sh.it Buff.—Cp.,5s
34*8
6s, debentures, 1913....; 103 34 104 I
iSodns B.it So.—1st, 5s, old 100
108
33
60
la. Div.—S. fd., 5s, 1919'
V
I
! Butf.itS.W.—M.,6s,1908|
Registered, 5s, 1931
Tex.Cen.—1st, s.f. ,7s, 1909
60
97*2
1 Ev. it T. H.—1st, cons., 6aj*108V
Sinking fund, 4s, 1919
1st, 7s, 1911
1 N.Y. Susq.it W.—1st, Os.f * 58 |
! 85
Denver Div.—4s, 1922..
97*6' 97*3'
Mt.Vera’n— 1st,6s, 1923
80
Tol.Del.it Burl.—Main. (5s
95 I
i
Debenture, Os, 1897t...i
Plain 4s, 1921
i
FFtitP.Marq.-M.6s,1920
I Midland of N. J—1st, Os' 80*4' 86
1st, Dayt. Div., 6s, 1910
C.R.I. & P.—6s, cp., 1917.!
134*3 Gal. Har.it S.Ant.—1st, 6s 103*2 10378 N.Y.N.H.itH.—lst.,rg.,4s 108 112
1st, Ter. trust, 6s, 1910. : 5(3*2 53*“
6s, reg., 1917
2d, 7s, 1905
99 1....
N.Pac.—G.l.gr.,lst, cp.,6s! 105*4 105 VjTex.it N. O.—1st, 7s, 1905
109
105
80*“
Ext. & Col., 5s, 1934....
*4'
West. Div.—1st, 5s
Sabine Div.-lst,(5s,1912 *75
90*v
Registered, 6s, 1921.... 1
Keok. it Des M.—1st, 5s 108*2'
52
2d, 6s, 1931
Ii —- N.O. Pac.—1st,6s,g.,19201 *50
|Va. Mid.—M. inc., 0s,1927i *49
114 :,4 Gr’n BayW.itSt.P.—1st,6s
69
88
25
Central of N.J.—1st. ’901. 113
30
90*
Norf.itW.—Gen., 6s. 1931
65
jWab.St.L.itPac.—Gen., Os
66
69
New River—1st,6s,1932
Chic. Div.—5s, 1910
lst,cons.assent. 7s,1899t 1023i 104 j Gulf Col. it S.Fe—7s, 1909 104 105
!
j
103*2
Oliioit Miss.—Consol, s. fd! 119*4 120*4
Hav. Div.—6s, 1910
Conv., assented, 7s, 1902 102
2d, Gs, 1923
I
!
J
Han.it St. J.—Con.Gs,1911 118V 118 V
Adjustment, 7s, 1903... 108
Consolidated, 7s, 1898..
Tol.l’.itW.—1st,7s.19171 ■72” 73*
60
63
109 V
Conv. debent. 6s, 1908..
Houston it Texas Cent.—
2d consolidated, 7s,1911
Iowa Div.—(is, 1921
| 52
:
97
1st, Springfield Div.. 7s
Leh.&W.B.—Con.g’d,as.
1st, M. L., 7s, 18911
9334| 94
Tml’polis Div.—(5s, 1921.'
82*2
‘iio"! Detroit Div.—6s, 1921..!
1st, Western I)iv„ 7st..
83*3 85
Am.D’k&Imp.—5s, 1921
1st, general, 5s, 1932... 2Chic. Mil. & St. P
1 st, Waco it No., 7sr
Cairo Div.—5s, 1931
82 *3'...... 1 Ohio Central—1st,6s.1920
•
65
T34
134 *2
60
Wabash—Mort. 7s, 1900
1st, 8s, P. D
2d, consol., main line, 8s
62
1st, Tenn’l Tr., 6s, 1920,
123 34 124*4
106
Tol.it W.-lst, ext.,7s.I ib*5
2d, 7 3-lOs, P. D., 1898
2d, Waco & No., 8s,1915
1st, Min’l Div., 6s, 1921
1
35
92
80
100
87
Ohio So.—1st, 6s, 1921
1st, 7s, $ g., R. D., 1902. 13034 132
General-, 6s, 1921
1st, St. L. Div., 7s,’89.!
119
" *2 IHoust.E..tW.Tex.-lst,7s
“121
91V
1st, LaC. Div., 7s, 1893
2d, ext., 7s, 1893
1 *89
Oreg’iut Cal.—1 st,6s,l 921
93
68
123
69
‘-j
1st, I. it M., 7s, 1897
2d, 6s, 1913
Or.itTransc’l—6s,’82-1922
Equipm’t bda, 7s, ’83. i
I
74
"67
V
78
50*2
Consol,
i
V
1st, I. it I)., 7s, 1899.... 119 1
Illl.Cen.—Spd.Div.—Cp. 6s
conv., 7s; 1907,'
128
'
112 V
ibo”
105
Middle Div.—Reg., 5s
1st, C. & M., 7s. 1903..
Gt.West’n—1st, 7s, ’88; 104
127
90 V
Consol. 7s, 1905
C. S t. L. it N. O.—Te n. 1. ,7s *120
2d, 7s, 1893
Debentures, 7s, 1887 ...i
101
1st, consol., 7s, 1897.. 123*2 125
Panama—S.f., sub. 6s, 1910
Q.it Tol.—1st, 7s, 1890j
1st, 7s, I.it D. Ext.,1908 123 1
118
116
114
85
Peoria Dee. & Ev.—1st, 6s.
|
Han.it Naples—1st, 7s
1st, S. W. Div., 6s, 1909.
2d, 6s, 1907
109
99 *2 102
85
Evans. Div.—1st, 6s, 1920
Jll.it So.Ia.—1st,ex.,(5s
Gold, 5s, 1951
1st, 5s, LaC.* Daw,1919
Dnb.it S.C.—2d Div., 7s. 115*4 118 j ! I’eoria«t Pek. U’11—lst.Os. 102 V
St. L. K.C.it N.—R.e.,7s ‘bo” "95*“
lst.S. Minn. Div.,6s, 1910 113*4
1st. H. A D„7s, 1910.. i 122 V
Ced.F. it Minn.—1st, 7s. 117*4 118
Pac.RR.—Cen. Pac.—G.Os 11434'11478
Omaha Div.—1st, 7s.
!
105
Chic.it Pac. Div.6s, 1910 117
Ind.Bl.it W.— 1st, pref., 7s 113
San Joaquin Br.—6s
Clar’da Br.—6s, 1919
j
"80**
99*2 99i 1st, 5-68, 1909
67**4
Cal. it Oregon—1st, Os 10034 103
1st,Chic.it P.W.,58,1921
St.Chas.Bge.—1st,6s
51
111
'98
Min’l Pt. I)iv., 5s, 1910.
*2 100
!
No. Missouri—1st, 7s.. iio
Cal. A Or.—Ser. B., 6s. ioov
2d, 5-6s, 1909..
■(
86
101
90 j
C.ife L. Sup. Div. 5s,1921
Eastern Div., 6s, 1921..
Land grant bonds, 6s. 103*o 104
West. U n.Tel.—1900, coup 116
87
114V 117
Wis.it Min. Div.Ss, 1921 *98 V 98'8 I ndianap. D.A Spr.—1 st,7s *86
West. Pac.—Bonds, 6s.. 110V112
1900, reg
95
•
96
N.W. Telegraph—7s, 1904
Terminal 5s, 1914.
1st, 7s, ox fund, coups.
No.R’way (Cal.)—1st, 6s 108 V
70" "72’
io(i" i*oT»v
So. Pac. of Cal.—1st, 6s. -97
Chic.it Northwest.—
I' 98 V Mut.Un.Tel.--S.fd,6s, 1911
95
66 *2 07 J2
So. Pac. of Ariz.—1st, 6s
Sinking Fund, 7s, 1885. 103*8'
j
j
BONDS.
INCOME
95
139
Consol, bonds, 7s, 1915.
So. Pac.ofN.Mex.—lst.Os
!
\ (Interest vayntife if earned.)
Kent’ky Cent.—M. 6s, 1911
Atl.it Pac.—Inc., 1910....!
16V
Extension bonds, 7s, ’85*
Union Pacific—1st, (5s.. 116'-2. 117
103V i stamped, 4 p. c., 1911
IO6H1
Land
10634
'Central of N.J.—1908
1st, 7s, 1885
*103*8 103 V Lake Shore it Mich. So.—
grants, 7s, ’87-89
11
I! E.T.V.itGa.—Inc.,6 s,1931
103*2
11V
Cleve. it Tol.—Sink’g fd
Sinking fund, 8s, ’93.. 120*4
Coupon, gold, 7fl, 1902.. j 12834
15
120
New bonds, 7s, 1886..
10334 104 *2
Reg., 8s, 1893
jGr.BayW.it St. P.—2d, inc.
Regist’d, gold, 7s, 1902.1*125 V
114
55
j
Collateral Trust, 6s
I'Ind.Bl.itW.—Con., inc.,6s
Sinking fund, 6s, 1929..i*116 :
:
Cleve. P. it Ash.—7s
18
20
Ind’sDec.it Spr’p—2d,inc.
Sink, fund, 6s,1929,reg. *112*2,
58. 1907
Do
Buff.itErie—Newbds,7s 121 122 ;
*74
110
77
112*4
Leh.
it
Wilkesb.Coal.—’88
Kans.Pac.—1st, 6s, ’95
Sinking fund, 5s, 1929
Kal. it W. Pigeon—1st..
1
11
14
109
109*2 Lake E.it W.—Inc., 7s,’99
Sink, fund, 5s, 1929, reg
1st, 6s, 1896
! Det.M.it T.—1st,7s, 1906
I
*8
20
Denv. Div.Os,ass..’99 109*«!l()9*4
Sand’ky Div.—Inc., 1920
Sink’g f<l. deb., 5s, 1933. 101V 101
Lake Shore—Div.bonds. 122" i’2'3"
98 V 99
1 Laf.Bl.&Mun.-Inc.,78,’99 *16
25 years deb. 5s, 1909
1st, consol., 6s,1919.
100*8 100*4
Consol., coup., 1st, 7s. 128*2 12934 i
Mil. L. Sh.it W.—Incomes
E8canabait L. S.—lst,6s; HO |
C.Br.U.P.—F.c..7s,’95 103
j
Consol., reg., 1st, 7s .. '125
93
1
50V
93 V1 Mob.it O.—lst,prf.,deben.i *49
At.C.&P.—1st,6s,1905
DesM.&Min’ap.—1st,7s; *124 I -- ---Consol., coup., 2d, 7s.. 113
22 V
90
.-.I
At.J. Co.it W.—1st, 6s
Iowa Midland—1st, 8s..I
165 i
Consol., reg., 2d, 7s... 112*4 11234 I
92
917fi
3d,
pref., debentures.
Oreg. Short-L.—1st, 6s
Peninsula—1st, conv.,7s *120 ;
j Long IsL RR.—1st, 7s,’98 k 12134
98
100
109 (
Ut. So.—Gen.,7s, 1909
4th, pref., debentures.
Chic.it Milw’kee—1st,7s 126 !
i 1st, consol, 5s, 1931
92
i2i
N.Y.
LakeE.it W.—Inc..6s
121*2
Extern,
Win.it St. P.—1st, 7s,’871 108
1st,
7s,
1909
109
Louisv.it N.—Consol., 7s
"2 V
Ohio Cent.—Income, 1920
Mo. Pac.—1st, cons., 6s. 100*4 101
! 126 *2
' Cecilian Br’ch—7s, 1907 101
2d, 7s, 1907
*111
Min’l Div.—Inc.,7s,1921
7a 97 i
3d, 7s, 1906
Mil.itMad.—lst,6s,1905 *115 j
I N.O.it Mob.-lst,6s,1930 96
107 V Ohio So.—2d inc., 6s, 1921
80 V 85 I
Pac.of Mo.—1st, 6a... 107
Ott. C. F.it St. P.—1st,5s *102 *2
!
2d, 6s, 1930
113
115
PeoriaD.it Ev.—Inc. ,1920 *2l"
C.C.C.it Ind’s—1st, 7, s. f I 12034 12134
2d, 7s, 1891
E.H.&N.—1st, 6s, 1919. 107*2:108
98
100
98
98*2
St.L.it S F.—2d,6a, Cl. A
Evansv.Div.—Inc., 1920
Consol. 7s, 1914
114 118 1
General, 6s. 1930
45
*60*“
96 V 97
95
Roch.it Pittsb.—I nc.,1921
Consol, sink, fd, 7s,1914
6s, Class C, 1906
;
Pensacola Div.—6s,1920 90
30
98
99
105
Rome W. it Og.—Inc., 7s.
6s, Class B, 1906
General consol., 6s,1934
1
;
St. L. Div.—1st, 6s, 1921 104
*22
30
So. Car. Ry.—Iuc.,68,1931
46*2
1st, 6a, Pierce C. it O..
Ohio. St, P. Min. «t Om.—
j
1
2d, 3s, 1980
Div.bdsj 29
Consol. 6s, 1930
Ill iH2
Epuipment, 7s, 1895.. *94 V 94 V St.L.A.it T.II.
Nashv.it Dec.—1st, 7s.. 118
FREE LTST.
I
94*4! 94 V!
Gen’l mort., 6s, 1931..
C.St.P.&M.—lst6s,1918
121 !
S.&N.Ala.—S.f.,6s, 1910 *92
100
103
I Col. Spr. & (’in.—1st. 7h..
So. Pac.of Mo.—1st, 6s 106 1107
No. Wis.—1st, 6s, 1930.1
1
j Louisv. C.& L—6s,1931
Cum. & Penn.—1st, 6a,’911 102V
Tex.it Pac.—1st, 6s,1905 108 *4!
St.P.it.S.C.—1st,6s,1919! 120 123 1 Trust bonds, 6s, 1922... “oTv *95“
103
66
80
82
( 2d, (5s, 1888
Consol., 6s, 1905 t
|’
Chic.it E.111.—1st,s.f.,cur.
111*2
10-40,6s, 1924
69
69 V
38
38 V Col.C.itlr.Co.—1st,eon.,6s
70
Income it Id. gr.,reg..
98*2 99 V L.Erie itW.—1st, 6s, 1919
Consol., 1st, 6s, 1934
I
55
‘6434
56
65
Ft.
C.—1st.
W.
&
Denv.
6s'
Rio G., 6s, Aug. cp. on
Chic.St.L.&P.—lst.con.5s! 79 | 80 I
Sandusky Div.—(is, 1919
Do
ex Aug. cp.
*51,38
1 Jefferson 1st. 7s, 1889..! 96
Chic.it W.Ind.— 1st,s.f.,6s *113 !
j:Laf.Bl.it M.—1st,6s, 1919 70
94 1
I 51**4! Phil, it R.—Deb., 7s, 1893;
Gen. mort. it Ter. 6s..
Gen’l mort., 6s, 1932 ...| 104
105 V Louisv.N.Alb.itC.—lst,6s 91
I
! Warren RR.—2d. 7s. I960
Col.it Green.—1st,6s,1916,
Pennsylvania RR.—
)
i| General mort,, 6s. 1914.
90*2!
Pa.Co.’a guar.4 Vs, 1 step 102 *8 102*4' Wabash funded int. b(ls.—!
2d, 6s, 1926
|
.....pLou. N. O. it Tex.—1st, 5s *90
Tol.it Ill. Div.—7s
76
Pa. Co.’s 4 Vs,Reg., 192 i
102*4
75*4 Manhat.B’ch Co.—7 s,1909
C0L H.Val.1t Tol.—1st. 5s
74
76
!
L. ErieWab.itSt. L.—7s.!
!
Del. L.& W.—7s, conv.,’92
N.Y.itM.B’h—lst,7s,’97
Pitts.C.itSt.L.—lst.c.,78
s
*140
I
i
Gt. West’n.— 1st, 7s
112
■
V 11234
1st, reg., 7a, 1900
*136
Mortgage, 7s, 1907
Metrop’lit’n El.-lst,1908
1
Ill. it So. Iowa.—7s
1003.
2d, 7a, 1913
) 2d, 6s, 1899:
Syr.Bing.&N. Y.—lst,7 s 131
Del. L. & W.—Contin’d—
Morris & Essex—1st, 7s.

Mox.
1st

....

......

-----

,

,

.

,

..

..

*

..

...

-

T

«

....

'

"

...

....

—

—

.

"

'

|

'

..

..

—..

-

..

......

j

-

..

I

-

l

....

_

,

—

.

..

.

T»

-

.

.

......

.

-

v

-■

......

......

......

-

„

......

!

...

iiii 2
;

*

No prices Friday; these are




latest quotations made this week.

t Coupons off.

•

760

THE CHRONICLE.
New York Local Securities.

Marked thus (*) arei Par.
not National.
America*

Exchange...

Broadway

Butchers’ & Drov’s’
Central
Chase
Chatham
Chemical
Citizens’

City
Commerce
Continental

Corn Exchange*....

East River
Eleventh Ward*....

Fifth
Fifth Avenue*
First
Fourth

Fulton
Gallatin
Garfield
German American*.
German Exchange*
Germania*
Greenwich*
Hanover

Imp. & Traders’
Irving

Leather Manuf’rs’..
Manhattan*

Marine
Market

Ask.

161
118’

100
100
25
25
100
100
25
100
25
100
100
100
100
25
25
100
100
100
100
30
50
100
75
100
100
25
100
100
50
100
60

166

American
50
Amer. Exchange... 100
261
25
Bowery
1155
25
Broadway
104* 1107
17
Brooklyn
Citizens’
20
15*2
70
City
2500
Clinton
100
110
Commercial
50
j125
250
Continental
100
148 '150
40
Eagle
iOoVlOB
100
Empire City
155
30
Exchange
110
50
Farragiit
110
Firemen’s
j
17
Firemen’s Trust
10
550
Franklin A Emp.. . 100
German-American
100
112
50
100
Globe
50
160
Greenwich
25
125
Guardian
100
101
103
Hamilton
15
Hanover
50
i*o*6*
Home
100
100
Howard
50
138
100
Irving
254
Jefferson
30
Kings C’nty (Bkn.). 20
1*5*6*
Knickerbocker
40
138
145
Long Isl’d (B’klyn) 50
100
Mauufac. A Build.. 100
100
Mecli. A Traders’
25
25
Mechanics’ (Bklyn)
50
25
Mercantile
50
100
Merchants’
50
133
50
Montauk (Bklyn.)..
50
60
50
Nassau (Bklyn.) ...
50
100
National
374
10 4 15
100
N. Y. Equitable....
35
100
N. Y. Fire
100
50 120
50
Niagara
100 161
North River
25
100 no
Pacific
25
100 100
Park
100
100 108
Peter Cooper
20
70
1 People’s
50
U
1
30 120
Phenix
50
25 1140
25
Rutger’s
155
50 1145
i Standard
50
100 1141
100
j Star
25 j 140
100
Sterling
20 i 100
25
Stuyvesant
50
United States
25
r
100 i 109 Hi
Westchester
10
100 i 116
120
Williamsburg City. 50
100
05
103
100 120
100
100 104"
100
40
50 150
100
50
....

.

..

Mechanics’

Mechanics’* Trads’
Mercantile
Mercnants'
Merchants’ Exch...

Metropolis*
Metropolitan
Murray Hill*

Nassau*
New York
New York

Bid.

Par.

County

.

g.Y.
inth Nat. Exch....

North America*
North River*
Oriental*
Pacific*
Park

jx98

People’s*

J

Phenix
Produce*

Republic

8t. Nicholas*
Seventh Ward
Second
Shoe A Leather
State of New York*
Third

Tradesmen’s
Union
United States
Wall Street
West Side*

....

.

1

Gas and

Railroad Stocks and

City

GAS COMPANIES.

Par.

Brooklyn Gas-Light....
Bonds

150
100

155
105
132

127
170
155
130
115

180

170
140
120
125
30
230
240
80
100
110
85
50
50
215
130
110
215
70
108
130
123

117
20
220

220
70
75
105
75
25
40
205

124
105
175
65
100

123
120
52
20

574
40
123
205

115
190
80
100
100

90

105
105
50
85
63
105
100
146
87
150
70
136
112
175
108
150
110
135
120
100
55

40

70
oo

100
95
140
80

140
60

130
107
165
100
140
100
127
113
95
40
50
100
125
120
215

55
116
1H0
125
226

1,200,000

Var’s
250.000 A. A 0.

100
20

35,430,000
756,000
1,000
700,000
100
3,500,000
1 000
1,500,000
25
1.000,000
Var’s
700,000

...

lCitual (N. Y.)
Bonds

Nassau (Bklyn.)

Scrip

People’s (Bklyn.)

1,000
Var’s
50

Williamsburg
Bonds

1,000

Metropolitan (Bklyn.)..
Mnnicipal—Bonds

100
100

Bonus

Equitable

100

Bonds

May 5, ’85 128
Jan. 1,’85
85

5

103

3
2

130
87
105
97
140
114
: 135
j•105

1902

103
Apr. 1, ’85 125
24 Nov. 1/84
95
14J’i)el5 .’85 81
34 J’no 15,’85T05
3
Apr. 1. ’85
98

1,000,000 A. AO.
1,000,000
750,000 M.AN.
3,000,000
300.000 j. A j.
2,000,000
1.000,000 A. A F.

1,000

Fulton Municipal

Quar.
M.AN.
Var’s

1.000

1

Brooklyn City—Stock

10

1st mort

1,000

Bklyn. Crosstown—Stock

100
1,000
100

1st mort. bonds
Bushw’kAv. (Bklnj—Sfk
Central Crosstown—Stk.

100

1st mort

1,000

Ctent.Pk.N. A E. Riv.-Stk
Consol, mort. bonds
Christ’ph’r&lOth St—Stk
Bonds

100

1,000
100

1,000

DryDk.E.B.A Bat’y—Stk

100

1st moyt., consol

500Ac.
100

Scrip

Eighth Av.—Stock

100
Scrip
100
A2d A Gr’nd St.F’ry—Stk
100
1st mort
1.000
100
Houst.W.St.AP.F’y-Stk (
1st mort
i
500
Beoond Av.—Stock
:
100
1st mort
! 1,000

Consol
Sixth Av.—Stock
1st mort
Third Av.—Stock
Bonds
-

;

1,000
100

,

I

1,000
100

i

1,000

Twenty-third Sr.—stock..

100
1,000

1st mort
*

2
5

500,eon J. A J.

5




Juue.1901
1914

2,000,000 Q.—F.

220
107 4
103
208
108
168
105
162
150
114
142
121
133

34 May 1, ’85
800.000 J. A J. 5
Jam, 1902
200,000 A. AO. 4
April 1/85
400,000 J.AJ. 7
Jan., 1888
500,000 Q.—F. 2
May 1, ’85
600,000 Q.—J. 14 Api il 1/85
250,000 M.AN. 6
Nov..1922
1,800,000 Q.—J. 0
April 1/85
1,200,000 J. A D. 7
Dec., 1902
650,000; Q.-F. 14 May 1, ’85
250.000 A. AO. 7 lOcr,.. 18981110
1,200,000! Q.—F. 24:May 1, ’85)202
900,000 J. A D.
’93 114
F.t? A. 6
Fob.. 1914! 104
1,000,000 Q.-J. 2 4’April 1/85! 240
1,000,000 F A A. 6 1 Feb., 1914 105
748.000 Q.—F. 4
May 1,’851245
236,000 A. AO. 7
April. ’93:112
250,000 Q.—F. 2 iMayl,’85 140
T
T
n
Tnl.*
“

!

,862,000-J. & J.1 5
400,000: M.AN. 5
i,050,000)M.AN. “
t

,500,000'M.&

S.
A J.

500.000'J.
2,000,000 Q.—F.
2,000,000'J. A J.
600,000 F. A A.
250.000 M.AN.

This eolumn shows last dividend

•t

Apfil 1,’35

'

A

on

Jan.,
Nov.,
July,
May,
Jam,
Feb.,
May,

1074 108
H64 117

2d mort
N. Mexico A So. Pac.—7s

108

7s

121

Rutland—6s, 1st

122

Sonora—7s
STOCKS.
Atchison A Topeka
Atlantic A Pacific
Boston A Albany
Boston & Lowell
Boston & Maine
Boston A Providence
Boston Revere B. A Lynn
Cambrid.e

664

Til

i
;

1094
104
210
112
175
112
167
162

118
144
123
136
116
210
116 4
105
265
108
260
117
150
113 4

6 4

*113
179

1784 179
116

Cons., 5s, 1920
Phila. Newt. A N.Y.—1st

124
96

§d0
29

Louisiana & Mo. River..

§18

1044 106
174; 19 4
8

j 84
*1*941**1934

’85 190 1193
,106 4 107 4
’88 106 4 107 4
’84 295
300
’90 110 1115
’85 290 ,293
’90 111 ! 113
’85 210 {220

'93,112

|ll4

stocks, but date of maturity of bonds.

914
110

..

j....

i*0*84!!I!

Sunbury A Erie—1st, 7s.

5s
2d, 6s, 1938
Syr. Gem A Corn.—1st, 7s.
1'ex. A Pac.—1st, 6s, 1905
Consol., 6s, 19o5
Union A Titusv.—1st, 7s.

i‘02

Sunls. Haz. A W.—1st,

124

92

93

§65

72

39

United N. J.—Cons.6s,’94
Cons. 6s, gold, 1901
Cons. 6s, gold, 1908

RAILROAD STOCKS, t

Gem, 4s, ^ old,

1923

Warren A F.—1st, 7s, ’96
Westchester -Cons. 7s..

Preferred
Beil’s Gap
Buffalo N.Y. A Phil
Preferred

W.Jersey—1st, 6s, cp.,’96
1st, 7s, 1899
14

Cons. 6s, 1909
W. Jersey A Atl.—1 st,6s,C.
Western Penn.—6s, coup.

6s, P. B., 1896
Gen., 7s, coup., 1901
55 4
CANAL BONDS.
524 iChes. A Del.—1st,6s,1886
1130

Lehigh Nav.—6s,reg.,’84.
Mort. RR., reg., 1897
Cons., 7s, reg., 1911
..

41

Pennsylv.—6s, cp., 1910..

103 4

125
1064
107
no
81
109 4

1194
124
84

Schnylk. Nav.—1st,6s,rg.
2d, 6s, reg., 1907
BALTIMORE.
58

RAILR’D STOCKS. Par

604

Norfolk A West’n—Coin.
Preferred
Northern Central
North Pennsylvania
48 4
19

Pennsylvania
Philadelphia A Erie

70

I Atlanta A Charlotte
52 4

Nesquehoning Valley....

103

74
1954 197

*43*4
40

Baltimore A Ohio
1st pref
2d pref

100

Parkersburg Br

50

,ii

Central Ohio— Com
50
50
Prof
Western Maryland
50
RAILROAD BONDS.
Atlauta A Chari.—1st
Inc
Balt.AOhio— 6s,,’85 A. AO
Ceil. Ohio.—6s, 1st,M.AS.
Chari. Col. A Aug.—1st..
2d
Cin. Wash. A Balt.—lsts.
2ds

....

.

121

Allegh. Val.—7 3-10s, ’96
7s, E. ext., 1910
Inc. 7s, end., coup., ’94 ‘*13*4 15
Aslitab. A Pittsb.—1st,6s
1st, 6s, reg., 1908
Belvid’e Del.—1st,6s, 1902
120
2d, 6s, 1885
1
3d, 6s, 1887..
! 1034
Bell’s Gap—1st, 7s, 1893.1
119
1st, 6s, 1905
' 100
Consol., bs, 1913..:
104
Buff. N.Y.A Phil.-lst.6s
2d, 7s, 1908....
Cons. 6s. 1921...

174

126**

3ds
ColumbiaA Greenv.—lsts
2ds

414

RAILROAD BONDS.

Ex-dividend.

*1*2*4**

Income, 6s, 1923
Income, 5s, 1914

:*159 V160

524

1224

107

Gen’l 6s, 1921....

11184

Allegheny Valley
Ashtabula A Pittsburg..

Pennsylvania
Schuylkill Nav., pref...

120

*98**
Phil.Wil. A Balt,—4s.tr.ct
121
Pitts. Cin. A St.L.—7s
§
Pitts. Titus. A B.—7s,cp.
§33
ShamokinV. A Potts.—7s
Slien. Val.—1st, 7s, 1909
504

PHILADELPHIA.

Lehigh Navigation

1294 130

.....

62
30
20

Portland Saco & Portsm. §120
19
Rutland—Preferred
:.
Summit Branch
12*8
Worcester A Nashua
§81
12
Wisconsin Central
Preferred

50

I

R.—1st,6s, 1910..
2d, 7s, coup., 1893
1204 1214
Cous., 7s, reg., j 911
Cons., 7s, coup., 1911.. 120
Cons., 6s, g., I.R.C.1911
90
Imp., 6s, g., coup., 1897
72 4
Gem, 6s, g., coup., 1908
80
Gem, 7s, coup., 1908....
404
Income, 7s, coup., 1896
*2*5
Cons. 5s, 1st ser.,c.,1922
17
184
Cons. 5s, 2d ser.,c., 1933
36
42
Conv. AdJ. Scrip, ’85-881
15
Debenture coup., 18931
Scrip, 1882
20
Couv.,7s, R. C.,1893..$
Conv. 7s, cp.off, Jan.,’85

SO7*.

I

72

93

Phil. A

*11

Little Rock & Ft. Smith.

Jersey

45

6s,cp.’87;

AErie—lst,7s,cp.’88
Cons., 6s, 1920

Phil.

504
114 4

Preferred
Fort Scott A Gulf
Preferred
Iowa Falls A Sioux City.
Kail. C. Clin. A Springf’d
Kan. C. Springf. A Mem.

j

136

Perkiomen—1 st,

Eastern, Mass
Fitchburg
Flint A Pore Marquette.

West Jersey A Atlantic..
CANAL STOCKS.

132

92 3,

7,1906

...

West

12*6**

1024 103

Pennsylv.—Gen., 6s, reg.
Gen., 6s, cp., 1910
Cons., 6s, reg., 1905
Cons., 6s, coup., 1905...
Cons., 5s, reg., 1919
Pa. A N. Y. C.—7s, 1896.

*17o

*94
G'inu. Sandusky A Cleve.
§lu4
Concord ...L
Connecticut River
; 2784
Conn. A Passumpsic
Connotton Valley
Det. Lansing & No., pref.

Westchester—Cons. pref.

514

2

Inc., 6s, 1933

Cheshire, preterred
Chic. A West Michigan..

Phila. Ger. A Norristown
Pliila. Newtown A N.Y..
Phila. A Reading
Phila. Wilm. A Balt
Pittsb.Ciu.A St. L.—Com.
United N. J. Companies..

*•••

‘

Oil City A Chic.—1 st, 6s..
Oil Creek—1st, 6s, coup..

663,

Preferred

250

116
85

137 3s 1374
125 4 126

Norfolk A West.—Gen.,6s
N. R. Div., 1st, 68.1932
N. Y. Phil.A Nor.—1st, 6s

"98" *984

Preferred
Little Schuylkill
Minehill A Sch. Haven...

1164 120
103
104
112

Gen., 7s, 1903
Debenture 6s, reg

Old Colouy—6s
Pueblo & Ark. Val.—7s..

Lehigh Valley.

1334
110

2d, 7s, reg., 1910

....

j

130

122

Cons. 6s, C.A R., 1923..
N. O. Pac.—1st, 6s, 1920.
No. Penn.—2d, 7s, cp. ’96.

Ogdeusb.A L.Ch.— Con.6s

Huntiugd’n A Broad Top

125

IthacaAAth.—1st, gld.,7s
Leh.V.—1st,6s,C. A R.,’98

95

England—6s..

!

1910

May,

77

i

Debenture, 10s

;§

1900
106
Jan. 1, ’85
94
1888
34
105
3
Apr.15,’85 160
6
1900
105
135
6
iooo
109

2,100,000 Q.-J.
1,500,000 J. A D.

Scrip

Preferred
Catawisaa
1st preferred
2d preferred
1
Delaware A Bound Brook
East Pennsylvania
Elmira A Williamsport..
Preferred
;...

I

3
3

i

1,000
1,000

75

Camden A Atlantic

|

[Quotations by H. L, Grant, Broker, 145 Broadway.]
fel’ckerSt.A Eult.F.—Stk
100
900,000 J.
J A J.
4 Jap.,
’85 24 4 25 4
1st mort
1,000
700,000 J. A J. 7
July, 1900 112 1134
Br*dway & 7 th Av.—St’k.
100
1st mort
2d mort

K. City Sp’d A Mem.—6s
Mexican Central—7 s
Income

Ogdensb. A L. Champlain

5
3

108

{Cor.CowanA Amt.,deb. 6s,

...

Bid.

1094

I Delaware- 6s, rg. A cp.,V.
( Del. A Bound Br —1st, 7s
East Penn.—1st, 7s, 1888
Ea8tonAAmo’y—5s, 1920
El. A Wmsp’t-1 st,6s, 1910
5s, perpetual
1094 1*09*4 ITarnsb’g—1st, Gs, 18S3..
404 40 4 H. AB.T.—1st, 73, g., 1890
8
84
Cons. 5s, 1895

Fort Scott A Gulf—7s—
K. City Lawr. A So,—6s..
K. City St. Jo. A C. B.—7s
Little R. A Ft. S.—7s, lsi

Income

Ask

106

Mort., 6s, 1889
1st,7s,g.,’93
2d, 6s, 1904
Cons., 6 p. c
Cam. A Burl. Co.—6s,’97.
Catawissar— 1st, 7s, con. c.
Chat, M„ 10s, 1888
New 78, reg. A coup—
Connect’g 6s, cp., 1900-04
123
120
110

East’rn, Mass.—6s, new..

Mexican Central
Nashua A Lowrell
N. Y. & New England
Northern of N. Hampsh.
Norwich & Worcester...
Old Colony

34 J’ne 15,,85 96
74 Jan. 1, ’85 135
3
1902
no
2 4 Apr.10,’85 132

J. A J.
F.&a.

1st, Tr. 6s, 1922
Buff.Pitts.A W.—Gen.,6s
Cam. A Amboy—68, c.,’89

Preferred

M.AN.
1,000,000!J. A J.
400,000 M.AN.
lOO.OOOiJ. A J.
1,000,000 Quar. 24 Apr.21,’85’152

10

Bonds
Bonds

Date.
*

Nebraska, 4s
Conn. & Passumpsic—7s.
Connotton Valley—6s

N. Y. A N.

Bid.

Cam. A Ath—

Metropolitan

Bonds*

-

1254

Exempt $117
Nebraska, 6s.Non-ex’pt 21074

-

.

Buff.N.Y.AP.—(Cont’d)—

Nebraska, 6s.

Marq. Houglit’n A Onton.

I

1

Period

SECURITIES.

Preferred

Co., Brokers, 49 Wall Street.]

2,000,000 Var’s

1,000

Consolidated Gas
Jersey City & Hoboken.

&

Amount.

25
20

(Citizens’ Gas-L.(Bklyn)

Atch. A Topeka—1st, 7s.
Land grant, 7s
..
Boston A Maine—7s
Boston & Albany—7s
6s
Boston & Lowell—7s
6s
Boston A Providence—78
Burl. A Mo.—Ld. gr., 7s.!

Ask.

100

[Gas Quotations by Geo. H. Prentiss

Metropolitan—Bonds

Bid.

Ask.

BOSTON,

PRICE.

COMPANIES.

Bid.

SECURITIES.

[Prices by E. S. Bailey, 7 Pine St.]

PRICE.

COMPANIES.

Amer.

Quotations in Boston, Philadelphia and Baltimore.

Insurance Stock List.

Bank Stock List.

[VOL. XL.

No.Central—6s, ’85, J.AJ.
6s, 1900, A. A O
6s, gold. 1900, J.AJ
5s, Series A
5s, Series B

064
12 4

1104 112
91

89 4

1014 1024
10734 107 4
1104
98
100
1004
58
57
30
28
103
102
77
75 4

102-4

il20

1204 125
1074 108
126

Pittsb. ACon’ells.—7 sJ AJ
Union RR.—lst,gua.JAJ
Canton endorsed

W.Md.—6s, 1st, g., J.AJ.

102 4
127 -j 130
105

2d, pref., J.AJ
2d, guar, by W.Co..J.AJ.
6s, 3d, guar., J.AJ
Wilm. C A Aug.—6s

112

Virginia A Tenm—5s
8s

....

Wil. A Weinon—Gold. 7s

1 Pei’ share.

± In default

§ Last price this week.

June 27,

1885.]

THE CHRONICLE,

RAILROAD

EARNINGS

New York City Banks.—The
following statement shows the
condition of the Associated Banks of New
York City for the

The latest railroad earnings and the totals
from Jan. 1 to
latest date are given below. The statement includes
the gross
earnings of all railroads from which returns can be obtained.

KL.RCkF&tS

Latest

Wee/cor Mo

1885.

Ala. Gt. South’n. May
Atch. T. AS. F.. April....
1,297,825
Balt. & P<»tomac May
106,098
Boat. H. T. & W. 2d wk J’ne
9,286
Bur.Ced.R.&No.l 2d wk J’ne
54,301
•Cal. Southern... March...
10,117
Canadian Pacific. 3d wk J’ne
166.000
Central Iowa.... 2d wk J’ne
21,263
Central Pacific.. April
1.735,000
....

Che8ap. A Ohio

April
Eliz.Lex.&B.S April

Ches. O. & 8. W. Auril
Chicago & Alton*2d wk
Chic. Burl. A Q. April
Chic. & East Ill 2d wk
Chic. Mii.& St.P. 3d wk
Chic. & Northw 3d wk
Ch.St.P.Min.AO. 3d wk
Chic. & \V. Mich 2d wk
Cin.lnd.St.L.&C 2d wk
Cin. N. O. & T. P. May

J’ne
J’ne
J’ne
J’ne
J’ne
J’ne

W..j2d

J’ne

wk J’ne1

Ft Smith, April
L. Rk. M. Ri v. A T.
j A pril
Long Island
|3d wk J’ne
L’a Western
March...
Louisv.A Nasliv. 3d wk J’ne
Mar. Hough. AO. 2 wks June
Mem. A Charles. March
Mexican Central 3d wk J’ne

§Sfex.N.,all lines May

Milwaukee & No 3d wk J’ne
Mil.L. Sh.A West 3d wk J’ne
Minn. A St.’Louis April
Mobile & Ohio.. May
Morgan’s La. AT. I March

Nash. Ch. & St.L. May
N.0.&Northeast May

3,075.378

2,030,079

6.147,763
1,069,781

78,445
7,221
17,500
276,335
14,731

18,902
25,191
29.047

2 wks J’ne

May
May
2d w-k May
3d wk May

May

Oregon Imp. Co. April

1,173.532
21,632
623,685

-

84,379
74,524

2,545,572
341,746

2,417,249

31 1,39j

41,181
19.068

845,419
447,606

17,061

78.927

22,101

185,070
315,671

102,254
203.800
34,800

1x3,637

6,836.641

39,181
37,306
25,741
68,153
19,057
36,960
16,989
77,890
51,932

111,925
v

59,920

150.45S

10.934
21,290
158,940
142.774

354 727

305,660

167,495

190,751
28,475
221,769

1,201,618 1,397,726
393,182
262,102*

484,864
275,507

149,045
85,294

163,126
86,781

8 2,705
454.917

477,848

91,732

901,100; 1,287,805
21,130
63,153

26,016

31.845

28,988;

230,764

1,120.357
463,868
45,609
215,412
670,624

7,648,635

772,029

487,211

254,302

239,840

676.657

109,252!

303,677

1,006,850
1.127.406

4,775,038

28,892
39,177
44,866
29,5 47
69.933

225,385
55,774

642,632
334,470
1,556,469

644,971
4,418 43 5
723,725
935.647
1,042,668

179,835

17,886
41,no
23,12?
80,985
29,381
242,465
67,020

72,790
137,192

459,320

305.129
144.056

181,419
108,299

1,100,39
143,653
6,192.2 >2

216,00 v
351.765

163*850
107,466
1,061,443
130,9 29

6,250.251
266,465
335,816

1,7 90,880
676.69.5
258,838
518,583

1,314,624

621,748
810.678
987,685
879.5 lo

53 ,3 16
836.350
928.647
983,224
161.679

291,595
1,307,345
4,661,111
1,563,954
982.552
667,215

1,277.655
5.081.3o8

Gr.j May

35,617
46,113

West. No. Car May
Roch. A Pittsb’gj‘2d wTk J’ne
Rome Wat. A Og ; April
Bt. Jo. A West’ll.|2d w k J’ne
Bt. L. Alton AT. H.! 2d wk J’ne
Do (Branches) *2d wk J’ne
Bt. L. F. S. A W. 3d wk J’ne
St.L.&San Fran. 3d wk J’ne
Bt. Paul A Dul’th 3d wkJ’ne
St.P.Min.A Man. j May
Bouth Carolina..* April
Bo. Pac., No. Div February
.

^Southern Div.!March

...

...

March
March
March
1st w’kj’ne

May
April
April

Vlcksb’g A Mer. May

Vicksb.Sh.APae.
Wab. St. L. A P.
West Jersey
Wisconsin Cent’l
—

2.20.3*620
4,842.463

318,746

397.673

87,873; 1,408,901

1,488.218
178,180
1,070,128

May
May
April
1 st w’kJ'ne

124,027
36,437
21,716
144,458

36.637

286.814

47.014
137.363

2 70,706

266,212

220,001

573.165

604,272

32,124
26,077

180,239
469,371

161,307
439,682

475.15«»

455,576

1L.382

132,532
24,866
21,628
9,963

13,414
73,939

9,966
76,432

23,306

25,539
621,167

15,427

19,406

483.317
66,846
82.300
258,939

146,166
63,022
75.543

16,047
18.8381

73,3D
72.979

222,977
142,562
54,162
56.440
17,470

19,630

1,987,191 2,116.520
52,755*

70.859

25,900)

30.811
5,614

21,50(0

1,0* 9,075:1,202,032

94,207'

26,710

93,185
22,089

457,957
505,448
320,469
266,482

622,649

3)3,810
221.584

1,887,069
438,185
2,629,470
424,364
184,922

2,972,786

781,061
422,015

740,995
460,732

1,997,093

459,557
446,904
152,392

172,609
163,748
220,573
232,408
385,332
315,564
104,601
84,491
7,201,6061 7,154.465
236,527
303,174
172.824
194,413

132,814'

50,036

5,956,624* 6,274,536
312,165
303,674!
619,449'

626,764

Not including earnings of New York
Pennsylvania A Ohio road.
b Decrease this year wholly in miscellaneous
receipts.
♦Not including the first six

a

days of January, preceding time when

Receiver took possession.
t Not including Ind. Decatur A
Springf. in either year.

§ Mexican

currency.

Not including Colorado Division in either year.




Chatham
Peoples’
North America...
Hanover

Irviug
Nassau
Market
St. Nicholas
Shoe A Leather..
Corn Exchange
Continental
Oriental
Importers’A Trad.

2.303.600

5.151.600
4.4X1.700
1.843.900
17.672,400
16,740,000
1,604.000
1,093,500

Pa' k

North River
East River
Fourth National..
Central National..
Second National..
Ninth National...
First National....
Third National
N. Y. Nat. Exch..

Bowery
Y. County

N.

German-Americ’n.
Chase National...
Fifth Avenue
Gorman Exch’nge.
Germania
United States
Lincoln
Garfield
Fifth National....

”

following

“

are

M.K

157,200
*

*2,600

2.530.600

423.800
42,600

1.176.100
3.767.400
13,763.000
22.787.200

678.500

4.840.100

873.500

7,009,800
3,038,200

326,900

6.223.800
4,089,200
1.756.500

522.300

423,000
45,000
5,400

3.871.100
11,291,900
2,990,000

893.600

246,200

3.498.500

310.400
159,60n
133,000

2.826.700

250,000

180*000

4*47*900
369**10*0

2,5)5,000
1.921.000
3,082.000

4.431.700
6.181.500

103*500

1.876.500
23.078,900

989^9*0*0

22.363,500
1,996,000
951,500

45,000

2*1*9*400

17.805.200
9,556.000

1.851.500

3,251,000
6.305.400
17,193,800

1.300.500

5.123.200

221.600

1.149.400

121,000

2.232.800

180,000
297,000
35,700
45,000

433,000

1*78*400
195,500
180,000

2,557.100!
2.516.300
3.826.900
3.186.200
2.620.200

204.500

*45*,000

2.294.700
2,896.200
2.960.900

86,400

293.900
162.200

180.000
42,800
174.200

1.258.400
1.292.300

201.000

604.700
734.500

L. Tenders.

Deposits.

$

$

$

134,300

4.520.400

1,910,000
9,978,800

Circulation Agg. Clear* gt
$

$

Banks.—Following are the totals of the Boston banks '•

Loans.

Specie.

$

$
8,74 3,400

L, Tenders.

8,733,000
8,759,900

past:

totals of the

Lawful Money.

Deposits.*

$

$

74,356,932
74,218,309
74,655,865

26,898,610

$

77,395,553
77,616,058
78,041,016

7,484,395

27,734,300
27,176,845

Bid.

14^4

Cent. Div., 1st, old
70 *4
Cent. Div., 1st, new
55
Incomos
5
Accumul. land grant
17
Ata. A Char. Air L., stock.
70
1st mort., gen. bonds.
111
Incomes
90
Bank. AMorch. Tel., gen.M
B. A M. Tel.Co., Rec. Cer.
Bost. H. A E.—New stock
Old
Bost. H.T.A West.—St’k.
3*2
Debentures
44
33
B’klyn Elev., St. receipts
Vj
1st M., or wnen issued..
91
2d M„ or wheu issued..
58
1st mort
9434

Ask

7
15
71
61

7,

Chicago A Can. So.—

Equit. Gas Co. of N. Y

—

(Jeorgia Pac.—Stock
1st mort., 6s
—

40,498,265
45,552,875

39
60
60
136
96
35

7
75
U

4*a
45 Hi
92
95

y
20* *1
39 y

44^
5

97

are

latest quotations for a

Securities.

Bid.

Pref
1st mort

*2*i*

12

2d mort
Kans. A Neb., lsttr’toer.
2d trust cer

$

53,754,947

7.499,566
7,433,008

Mexican National

..

Denv. A Rio Grande— 5s...
Denv.A Rio Gr. VV
Den. R. G. A VV., 1st M.,
Guar, by D.
A R. G
Edison Electric Light....
Subs....'

Circulation. Agg. Clear’gs

to other banks.”

Securities.—Following

Atlantic A Pac.—Stock....
West. Div., incomes

$

70,296,985
62,741,956
59,174,914

Philadelphia banks

$

Securities.

Keely Motor

Circulation Agg. Clear'gs

Loans.

♦Including the item “due

Unlisted

Deposits.*

$
$
$
4,816,700 107,270,700 22,212,200
4,890,600 108,508,400 22,075.100
5,08 V-i00 110,079,000 22,061,400

follows:

6
13
20

week

298.800
580,700

486,000
412.300

Specie.

1885.

“

W.OOO

totals for several weeks past:

Philadelphia Banks.—The

“

1.100

258,000

1,002.500

487.700
423.100
179.800

$

20 149,141,500

June

349,860

1.891.700
1,330.000

475.800
603,000

Loans.

6 140,231,300
13 i 47,800,900

are as

$

296,301,200 114600100 36.471,200 364.214,300 10,113,500 468,877,505
290,837,300 115183200 38,695.600 367,595,500 10,137,600 404,261.820
298,883,800 114651300 40,727,000 371,751,200 9,978,800 440,059,746

1885.

”

303.600
608,100
203.900
153,000
129.800
196.200
80,800
452.800
1,439,000
2,3X5,600
408.800

239.500

60,700

450,000

22,500,000
2.764.500
3.484.500

430.000

174,100
944.300

12.052.000
10,003.000
1C.290,500
9.208,000
3.280.800

1.673.600

1,427,100

195,000

190.300
.

112.100
159.200

331.800

915.800
885.700

tion.

12,284,400
2.565,000
18,309.300
1.827.300

256.700

306.400

Circula¬

298,883,800 114631300 40,727,000 371,751,200

Boston

J’ne

366.600
481.400
671.600
845.400
155,000

3,088,900
1.357.300

940.400
346.600

2,098,000

619.000
391,000
59 >,000

472.100

1.165.200

B’k of flie Meirop..
West SMe

2,995,600
1.476,000
258.500

1,668.400

284.600

1.922.300
1.222.100

596,000

144.100

3.084.000
817,000
1.171,000
3.788.500
868.600

2,365,000
4.561.200
15.384,700
4,065,600
1.130.900
2,016.900
1.887.700
2.571.400
3,094,700
2.754.600
1.929.400
1.805.500
2.598.200

1,388,000

484,000
747.500
334,000
2,053,600
2,5X4,000
265,000

125.000
187.300
5,706,300

other

than U. S.

$

404.000

6,527,800
4,640,000

14.273.300
7,384,000

...

6
13
20

880.000
538.300
378.500
563.800
643.100
660,000
541.500
1.700.200
215.100

•2,961.400
1.734.100
2,735.000

...

”

341.800
1,132.000
5.243,000

2.456,000
2.431.200

Citizens’

J’ne

749.200

..

Georgia Pac... | May
Ya. Midland..!May

Arizona
New Mexico..
Texas A N. O
Tex. A St. Louis.
Tol. A. A. A N. M.
Union Pacific...
Utah Central

Republic

677,611

2,181,552
3.593,923
174,899
901,469
455,483

Pacific

1885.

109.800

12.672.000
18,642.000 10,335,100
5.939.700
952.600
6.298.400 1.619.900
2.139.200
545.400
5.566.100 1.946.500
3.702.600
772.100
1.509.500
157.700
3.297.700
460.200
7.476,800 5,037,200

Broadway

The

1.001,400
6.197,400
407.000
11,479.600
400.500
1.157.900
9.893.200
975.600
789.300
495.100
71,000

1,083,400
2,972,000

Net Deposits

Legal
Tenders.

4,590,000
3,156.000
2.221.800
2.663.000

2.852.700

Mercantile

1,030,* 27
368,958

1.260,000
988,500

Americ’u Exch’ge.
Commerce

1,772,332

405,893

1.611.300

State of N. Y

510,976

$

5, i 69,200

Leather Mannf’rs.
Seventh Ward....

Total

$

1,048,900
16,453.600
2.439.300

Green w’ich

713.696
210.457

269,982
116,793
83,712
236,421
3,590,469 4,267.173 17,583,955 19,427,075
Peoria Dec.AEv. 3d wrk J’ne
10,014
12,642
310,1131
319,310
Pliila. A Erie
April
246.719
279,923!
937,3961 1,027.590
Phlia. A Reading April..
2,343,973 2.855,673 7,904,486- 9.241.959
Do
C. A Iron1 April...
1,179,970 1,238.079 4,048,850: 4,088,343
Richm’d ADauv. May
292,07
2-9,329 1,589,21 9j 1,573,283
Ch. Col. A Aug ! May
46,286
4S.241
336,279'
319.596
Columbia A

Oregon fhort L. April
Pennsylvania... May ....

Fulton
Chemical
Merchants' Exch.
Gallatin National..
Batchers’ A Drov..
Mechanics’ A Tr..

6,355,119
1,166,446

Specie.

9.183.900
2.781.000
7,0X9,200
1.943.500

City
Tradesmen’s

1,946,333

Discowits.

9,163.000
8.380.000
6.717.900
8,098.000
3.713.500

...

Union
America
Phenix

176,521

64.300
70.339

225,918
267,433

49,900
232,439

N.Y.ANewEng. April,
May
May

Manhattan Co
Merchants’
Mechanics’

5,049,424
4"5,896

66,672
76,3 5

182,713
674,079

23,540

I

New York

447.595

21,987
14,209

10,951

37.627

173.800
125.119

.

521.026

6,400
155,303
25,704
509,618
15,168
358,4 17
295,461 *1,476 653

22.274

10.820

.

N. Y. Ch. & St.L.-May .
aN.Y.L.Erie AW! April
N. Y. Pa. A 0.1 April

bN. Y. Out. A W.
N. Y.Susq. A West
Norfolk A West
Northern Cent’l.
Northern Pacific
Ohio Central....
Ohio & Miss
Ohio Southern..

123,000
27,059

108,086

March
Wk J’ne 20

Kentucky Cent’l April
Lake Erie A

28,643

15,982

2d wk J’ne
2d wk J’ne
1 st wkJ’ne
March
2 wks June)

J’uej

$

8,686

24,400

E.Tenn.Va.AGa. May

J’ne
J'ne
J’ne

$

451,599
1,306.000' 4.824.406
108,289
551,58-=
8,136
188.657
50.856 1,289,903

306.211

Loans and

1884.

56,403
213,318
207,259
109,760
475,476
410,989
161,850
164,238 3,335,985 3.528,818
2,0H5,Q“0 1,832,451 8,298,579 7,557,712
28,154
27,074
685,141
622,066
421 ,G0<
424,281 10,041,000 9,794.636
449,300
466,000 10,059,254 10.111,752
107,400
108,500 2,358,532 2,559,435
26,183
28,983
530,029
695,196
41.388
44,463 1,055,047
0*56,097
187,246
219,147 1,001,291 1,004,135
27,734
29.856
755,621
754,145
9,794
9,904
202,744
202.287
23 >,850
294,113 1,067,151 1,191,014

J'ne

ending June 20, 1885:

Banks.

119,244

Denv. & R. G. W 'May
Des Mo. A Ft. D.l 2d wk J’ne
Det.Lans’g A No. 3d wTk J’ne
Dub. ASioux City 2d wrk J’ne

Gulf Col. A S. Fe May
Ill. Cent. (Ill. ASo) 2d wk
.Do
(Iowa) *2d wrk
find. Bloom. A W. 2d wk
A Gulf 2d wk
Kan. C. Sp. A M.)2d wk

1885.

$
88,543

290,002
55,688

Oin.Wash.A Balt.! 1st wkJ’ne
Cle v. Akron & Col 2d wk J’ne
Clev.Col.C.ife Iudj April
Connotton Val.. j March
Danbury & Nor. I May
Denv. A Rio Gr. i3d wk J’ne

Evansv. A T. II.
Flint & P. Marq.
Flor. R’way A N.
Florida Soutfi’n.
Ft.Worth A Den.
GaLHar.A S.Au.
Grand Trunk

Jan. 1 to Latest Date

1884.

$
68,224

week

Average Amount of—

Earnings Reported.

Roads.

761

AT.—Income scrip

._

N. Y. M. Un. Tel.—Stock.
N. Y. W. Sh. A B.- Stock.
Receivers’ cut
North. Pac.—Div. bonds
North Riv. Cons.—100 p.c
Ohio Cent.—Riv. Div., 1st
Incomes
Ohio Cent., 1st M.cer.as.p.
Pensacola A Atlantic
1st mort
.

2 Hi
5
15
39 Hj
53

79 H)

10

17Hi

*56**
3*

74
12 Hi
14

1H>

*4*'
76Hj

Pittsburg A Western

7
1st mort
61
Postal Telegraph—Stock
*4
1st mort., ns
8*4
Postal Tel. A Cable—Stock
Southern 'Pel.—Stock
1st mort. bonds
18
St. Jo. A W., sik trust cer.
13
St. Jo. A Pac., 1st tr. cer. 113
2d trust cer
44
Texas A Pac.—Scrip 1884. 33
Old scrip
39
Now scrip
35
Tex. A St. L..M A A Div.as p
M. A A. Div., 1st mort..
17
Vicusb. A Meridian
1
Pref

Virginia Midl’nd, 6s, Inc..

West N. Corolina.—1st M.

Ask.

76

70

*8*6*

5

20

THE CHRONICLE.

762

:tV0L. XL.

Polk street has very greatly increased the value of the prop¬
erty, so that when sold it will be at a handsome profit above
its cost.”
There are four main tracks (22 miles), 88 miles ; sidings, 10
miles ; freight and passenger yards, 33 miles ; total, 1.32 miles,
52 miles of which are leased to the Belt Railway Co. of

ilincstmcnt
AND

IntcIItfljetJjCje.

Chicago.
The equipment consists of 12 locomotives, 100 gravel cars,
50 stone cars, 20 hand cars, 5 caboose cars, 1 wrecking car,
of Railroads and other Companies, It is published on the
last Saturday of every other month—viz., February, April, most of which are leased to the Belt Railway of Chicago. The
June, August, October and December, and is furnished with¬ Elevator “Indiana,” with a capacity of 1,500,000 bushels, is
out extra charge to all regular subscribers of the Chronicle. also leased to the Belt Railway Co. of Chicago.
Extra copies are sold to subscribers of the Chronicle at 50
RECEIPTS AND EXPENDITURES IN 1884.
The Investors’ Supplement contains a complete exhibit of the
Bunded, Debt ofStates and Cities and of the Stocks and Bonds

cents each, and to others than subscribers at

$1 per copy.

Drafts

on

$535,793
26,900

Drexel, Morgan & Co
our account for commissions and interest

Charges to

ANNUAL

REPORTS.

Wisconsin Central.

{For the year ending Dec. 31, 1884.)
The report of the Trustees’ agent for operation of this road
has just been published.
He says: “The Northern Pacific
Railroad Company completed on December 29th its line to
Ashland, but it is not yet fully opened for business, so that
no advantages were derived from this source in 1884.
The
Minnesota St.
same

Croix & Wisconsin

was

also finished

on

the

day, but this connection with St. Paul and Minneapolis,

while giving great promise of future advantages to the Wis¬
consin Central was not made in time to be of any advantage
to us during 1884.
The severe floods of last August did great

damage, both to our property and to lines of connecting road,
so that large expenses
were incurred for repairing bridges,
track, &c., and traffic was interrupted for several weeks. The
lease of the Milwaukee & Lake Winnebago Railroad has
continued to be a source of profit, and has this year earned
for us over and above rental, operating expenses and taxes, a
net profit of $104,475.”
The report of the General Manager states that the total
earnings of all the lines operated in 1884 by the trustees (Wis¬
consin Central Railroad and leased lines),
amounted to
$1,429,075, being $18,723 less than those of 1883. The ex¬
penses decreased as compared with those of 1883 $15,987, or
25-100 of one per cent. After paying operating expenses and
rentals, car service and taxes, there was a balance of $151,679,
being $29,019 more than at the end of 1883. In explanation
of the falling off of earnings, the decrease is accounted
for: first, by the fact of the general depression of business
throughout the country; secondly, by the action of the arbi¬
trator in establishing the rates to the Southwest at junction
points in the Northwest so much above the Chicago rate as
to almost preclude the possibility of reaching Southwestern
-

Cash from trustees
Vouchers on hand unpaid but charged out
Cash on hand Jan. 1, 1884, Treasurer
Material on hand January 1,1884
Accounts receivable unpaid January 1, 1884
Rents, etc., on surplus property
Proceeds from sales of surplus property
Sundry other accounts collected from lessees, etc.,
and due prior to December 31, 1881

Total expenditures
Cash on hand, Treasurer, Dec.
Total

1882.

18.83.

1884.

$469,127
924,698

$435,716

Mails

23,572

15,670

916,262
32,666

Express
Sleeping car

17,010

20,940

18,578

12.810

15,610

Miscellaneous

15,705

13,549

10,210

...

6.270

Total gross earnings
Less operating expenses
Net earnings

Deduct rentals, ear service & taxes

LAND

$1,388,490

$1,447,798

$1,429,075

882,902

973,732

957,745

$505,588
253,120

$174,065
351,405

$471,330
319,650

$252,467

$122,660

$151,079

DEPARTMENT.

J.. $1,330,287

hand
31, 1S81.

DEC.

Total assets

I

Capital stock

$10,500,000
1,603,333—

16,013

8,896,666
44,341
49,718

Income account

Sinking funds

825,967

.

56,983

Interest due on bonds

$14,896,962

.

BELT RAILWAY CO. OF CHICAGO.

{For the year ending Dec. 31, 1884.)
following exhibits show the result of operations for the
ending December 31, 1884.

The
year

MILES OF

ROAD OPERATED.

32*45

1st main track
2d main track

Sidings
Total

20-89

.*.

20-80

..

74-14

,

The

equipment (except 3 locomotives owned) leased from
Chicago & Western Indiana Railway Company.
EARNINGS AND EXPENSES.

$216,411
Is6,297

f

$171,579
56,261

Equipment
Accounts receivable

ex¬

Cash

$106,07S

Balance..

'.

$30,114
121,820

$91,705
DEC.

31, 1881.

Assets''

Bonds of the C. & W. I. R. R. Co., cost.
Construction

680,554
1, 1885,

81.285

17,009
6,285

estate)
Coupons matured and not presented for payment

$1,208,394
Face value of outstanding land contracts Jan.
clusive of interest due and accrued

174,385

....I. $5,000,000

General mortgage Dec. 1. 1882
Less canceled C. & G. T Railway accoaut
Vouchers and current accounts
Bills payable (deferred payments on real

'

of land for

327,488

$14,896,962

Department shows 831,700 acres
above operating expenses
In 1884 9,007 acres were sold for Earnings
Rental and taxes
$40,678; also $13,357 received from sale of town lots, and
$57,465 from stumpage. Up to the close of 1884 the grand Net loss for year
FINANCIAL! STATEMENT
total of sales in the land department had been as follows:
acres

$14,297,790

Liabilities.

The report of the Land
received in the land grant.

149,304

19,122
22,250

$1,239,103
111,183

The earnings were
The operating expenses were

1,539 town lots and 19 blocks
424,8S3 1.1 pine stumpage

127,726

319,090

due

Cost of property
Accounts due and unpaid
i
Cash—In Trustees’ hands.
$63,202
In Treasurer’s hands
111,183—
Cash in Drexel, Moreau &. Co.’s hands to pay coupons
Material on hand

Total liabilities

$38k,7 79
937,131

Balance

on

FINANCIAL STATEMENT

$1,350,287
$560,553

174,348
16,013

31,1881

expenditures and cash

16,242
37,088
112,622
382,336

.

EARNINGS, EXPENSES AND RENTALS OF THE WISCONSIN CENTRAL RAIL¬
ROAD AND ALL LINES OF RAILROAD OPERATED, DURING THREE YEARS.

Sources—

.....

accrued

Total receipts

lessee roads and still due from them
For material on hand December 31.1884
For sundry other disbursements and accounts

38,507
97,803
16,437

Expenditures on account “Property Account”
Unpaid vouchers December 31,1883
Surplus not required to pay interest on bonds, and returned
by this company to lessees
Bills payable (deferred payments on real estate)
Payments on account joint expenses and other accounts for

points by rail with lumber.

Passengers
Freights

86,552

-V

.

$201,233
60,837

15,494
61,959
9,182
172,183

Chicago & Western Indiana RR.—Relt Railway of Chicago.
Total
$520,891
Liabilities.
{For the year ending Dec. 31, 1884.)
$200,000
The report for 1884 of these important local railroads in Capital stock
Accounts payable, includes taxes for 1884 not due until
Chicago and its vicinity are now published. Mr. John B.
May 1, ls85
158,891
Carson, President, remarks in his report of the C. & W. I. Bills payable
12,000
150,000
RR. Co.: “This company was organized June 6,1879, and was Loans
opened for traffic in May, 1880. Upon January 26, 1882, a
Total
$520,891
consolidation was effected with the South Chicago & Western
Indiana Railroad Company, and the Chicago & Western
GENERAL INVESTMENT NEWS.
Indiana Belt Railway Company, under the name of the Chi¬
cago & Western Indiana Railroad company. That portion of
Atlantic & Pacific.—The Boston Transcript says: “The
the road lying between South Chicago and the intersection of
the Chicago Milwaukee & St. Pmil Railway, together with the Atlantic & Pacific earnings are improving the present month,
Indiana elevator, has been leased to the Belt Railway Company but up to June they were very light, although the company
of Chicago, and is now operated by it.”
* * “ At present there carried its full proportion of tonnage and a little over under the
is no new work contemplated or under way other than the Trans-Continental and Southern Pacific pool allotments. From
completion of Dearborn Station and train sheds, and Chicago the present outlook, the gross earnings for June may approach
and Northwestern viaduct.
The company has still among its $150,000. The company’s net earnings for the six months
assets a large amount of surplus property situated between ending July 1, 1885, are understood to be very light, but the
Polk and Van Buren Streets, which was acquired with a view company will meet its July 1st interest of $480,000 by the
recent land sale for $120,000 ; traffic rebates from the Atchison
to locating the depot on Van Buren Street as originally
Topeka
& Santa Fe and St. Louis & San Francisco railroad
pesignecl. The opening of Dearborn Street from Jackson to




,

June 27,

THE CHRONICLE

1985.]

companies, estimated to
loan advances from the

and the ’Frisco.”

amount to above $100,000; and byproprietary companies—the Atchison

Bankers’ & Merchants’

Telegraph.—The property of this
10th proximo,

company will be sold in foreclosure on July
and not on June 27th as heretofore stated.

Broadway Railroad.—Messrs. Vermilye & Co. have

chased

pur¬

Flint & Pere

Total

These canceled sales

were

the result of

of the

Herald says of this

receives a setback in the
reduction of the preferred dividend from
3f£ to 2 per cent.
This is the dividend for the first half
of the dividend year,
and it remains to be seen
whether, from the land department
or other
source, the company can obtain the funds
necessary to
make the Ju)y, 1885, and
January, 1886, dividends amount to 7
per cent.
If it cannot, the 7 per cent rate will be
interrupted,
and the hope of the common
shareholders will be again
deferred. The preferred stock must receive 7
per cent annual
dividends for five consecutive
years before the common stock
has a lien upon the income.
common

Any interruption necessitates
now been paid two con¬

Seven per cent has

Company have changed their
mortgage so as to reduce the limit of issue of bonds
from $13,000 to $8,000
upon each mile of main track.
Four
: 798,thousand dollars per mile, it is
understood, will be used in
exchanging the old second mortgage bonds now outstanding
3,730.187 acres. and in
present construction of road, and the remaining $4,000
“
129,924
per mile will be held in reserve by the
company. The reduc¬
3,600,263 acres. tion of the authorized bonded debt
by
$5,000 per mile ought
failure on the part to enhance the market value of the bonds as well
as the
second

statement of the company’s lands :
“
The land sales for the past
year have been as follows
584 acres, at an average price of $3
013^ per acre.

“

“The

Gulf Colorado & Santa Fe.—The stockholders of
the Gulf
Colorado & Santa Fe Railway

Canadian Pacific.—The annual report gave the
following

The total sales up to Dec. 31, 1881, were
Less canceled sales

Marquette.—The Boston

company’s stocks:

$800,000 Broadway Surface Railroad 1st mortgage 5 per
cent bonds, due July 1, 1924.
The road is bonded for $1,500,000 1st mortgage and $1,000,000 second
mortgage.
Stock
amounting to $1,000,000 is owned by Broadway & Seventh
Avenue Railroad, and will not be offered for sale.
Of the
first mortgage bonds, $1,000,000 having
beginning anew.
already been placec secutive
years.”
privately, $500,000 are offered for sale at 111 per cent anc

accrued interest.

763

purchasers to carry out the terms of their contracts—
in some case3 as to cash
payments, in others as to cultivation.”
*

stock of the
company.

Indianapolis Decatur & Springfield.—It is stated that the
reorganization is progressing favorably, and more than a suf¬
ficient number of the
second-mortgage bondholders have
The following was the position
of the 5 per cent land grant assented to the plan proposed and signed the agreement. The
and mortgage bonds on Dec.
committee named thereon have had their first
31, 1884 :
meeting. Of
Total issue
$25,000,000 the $2,778,000 outstanding, $2,009,000 have assented to the
Deposited with the Government as security under
plan of reorganization. A notice will shortly be published to
the contract, without interest
$5,000,000
bondholders requesting the deposit of
Held by the Government under the Loan
act,
second-mortgage bonds
in one of the New York trust
1884, without interest
8,906,000
companies to be hereafter desig¬
Redeemed by laud sales and oanceled
nated. Holders of $1,419,000 first
“7,316,000
mortgage bonds have funded
21,312,000 the April and October
coupons in accordance with the propo¬
sition made by tne
Balance outstanding
company April 1.
$3,688,000
Mexican Central.—The bonds have fallen off
Against this balance the company hold interest-bearing
heavily, on
obligations on land sales contracts amounting to $2,078,286, account of the report that the Mexican Government would
and has on hand $728,500 unsold bonds.”
discontinue (for a time at least) the payment of railroad
sub-:
sidies.
President Wade of the Mexican Central is
Central Pacific.—The Central Pacific Railroad
reported as
Company
has
saying that the company has $772,000 cash above all floating
asked the Stock Exchange to list $5,000,000 of 6
per cent bonds,
liabilities,
and can earn its scrip and debenture interest of
dated June 1, 1885, and payable June 1, 1915.
Holders of
$634,000 per annum and one semi-annual coupon of $1,280,025,
these bonds have the privilege of
converting them into capital and have a small
annual balance, without recourse to the Gov
stock within eight years from
date, no conversion to be made, ernment
subsidy. President Wade is perfectly confident that
however, at less than 50 per cent of the par value of the bonds.
General Diaz is a firm friend of the Mexican Central
It is desired to have the bonds listed now in order that
enterprise,
the
and has done what he believed to be for the best interests of
floating debt may be funded as rapidly as possible, also that his
the Oregon branch may be finished so as to make one continu¬
country under the circumstances. He also believes that
the suspension of subsidies is but
ous line from San Francisco to
Portland.
temporary.
N. Y. Chicago & St. Louis.—A press
Cinn. Hamilton & Dayton.—At Cincinnati, June 16, the
dispatch from Cleve¬
land, June 25, said that in the suit of Shethar and McGourkey,
annual election of directors of this
company took place. Presi¬
trustees of the equipment bonds, which are
dent Jewett stated to the
payable $400,000
inspectors that he was present to
per year 1885 to 1895, Judge Jones in the Common Pleas Court
vote 20,000 shares of the stock intrusted to him for that
pur¬ decided that as
business was bad, $200,000 a year rental was
pose, but that in view of the legal proceedings and an alleged
all that the road could afford to
injunction he would decline to exercise the right to vote, and
pay, and the receiver was
would leave the choice of directors to those stockholders not ordered to pay this sum in quarterly instalments and to keep
interested in these proceedings. The election resulted in the the equipment in good order.
choice of Hugh J. Jewett of New
New York State Bonds,—At Albany, June 25, bids to the
York, C. C. Waite, Johu
Carlisle, A. S. Winslow, William A. Proctor, William Hooper, amount of $2,000,000 were received for the $1,000,000 21^ per
Seth L. Thompson, Matthew
Addy and F. H. Short of Cincin¬ cent Niagara Park bonds. There being no bids above par,
nati.
The board of directors elected Hugh J.
Jewett, Presi¬ the Comptroller awarded $40,000 of the bonds to the United
dent; C. C. Waite, Vice-President and F. Ii. Short, Secretary. States deposit fund, $60,000 to the common school fund and
Connotton Talley.—At Cleveland. O., June 24, at a'meet- $900,000 to the canal debt sinking fund.
New York Stock Exchange.—The Governing Committee
ing of security holders of the Connotton Valley Railroad, the
name of the line was
changed to the “Clevelan 1 & Canton of the Stock Exchange has admitted to dealings at the Board
Railroad.” The total vote cast for directors wras
212,645, Of i;he following securities :
these the Blood party cast 139,381, and the Parlin
Cleveland Columbus Cincinnati <& Indianapolis
party 73,- additional
Railway Companj*—An
264.
The eight Ohio directors elected were Samuel
$1,000,000 of the general consolidated 6 per cent bonds of
Briggs,
193 4. making the total now listed
$3,500,000.
E. T. Blood, Seth T. Paine, W. R. Bell, A. S.
New York Central & Hudson River Railroad
Emery and
Company—An additional
Albert Rokusek of Cleveland, Samuel Allen of Dell
$1,350,000
of
the
debenture
5s
of
1904, making the total amount now
Roy and
Hon. Isaac H. Taylor of Carrollton. The seven Boston direc¬ listed®7,850,000. The new bonds will be used in paying off $1,751,000
of Hudson River seconds which matured on the 16th Inst.
tors elected were H. A. Blood, W. O,
Chapman, William
Fort\Worth & Denver City Railroad Co—An ad iitional 6,800 shares
Rotch, A. N. Parlin, Liberty Bigelow, J. B. Thomas and Fran¬ —$680)000
of common stock issued at the rate of $20,000 per mile on 34
*

*

*

LAND GRANT MORTGAGE.

“

“

cis Bartlett.

miles or new road.
Ohio & Mississippi Railwajr
Company—First general mortgage
cent bonds due June 1, 1932. to the amount of $3,219,000.

5 per
Denver & Rio Gramle.—The joint scheme of
reorganization
(represented by the committee here of which Mr. Coppell is
Pittsburg McKeesport & Youghioglieny Railroad Com pany—Consoli¬
stock to the amount of $3,000,000 and ttrst
the chairman) is now
mortgage 6 per cent
fairly before the public, and deposits of dated
bonds due July 1. 1932, to the amount of
over $1,000,000 of the consolidated
$2,250,000, guaranteed by
mortgage bonds have been Lake Shore <fe Mich. Southern.
made with the U. S. Trust Co.
Sodus Bay & Southern Railroad Company—First
by leading bankers and others
mortgage 5 per cen^
in the past few days.
It is expected that between London, gold bonds due July 1, 19 24, to the amount of $500,(>00.
&
Baltimore
Ohio
Railroad
Company—Gold bonds bearing 5 per cent
Amsterdam and New York a
majority of the consolidated interest to the amount of $10,00u,000,
secured by a

bonds will be under control of the committee at an
early day.
The consolidated bonds held abroad are estimated to be about
$10,000,000, and most of these are said to be heartily in
favor of this plan of

reorganization.
East Tennessee Virginia & Georgia.—The
earnings since July 1 have be.en as follows:
/

July 1 to Dec. 31

$2,129,343
237,326

January*

February

*.

March

April

4

May
Total 11
*

Not

mos

Gross Earn ings. —,
1884-85.
1883-81.

gross

Net

Earnings.—
1883-84.

$355,039 $1,072,063
172,925f
77,937

r317,93 3

311,894

320,392

324,400
276,093

111,873

114,795

331,109

84,881

276,33 4

291,519
295,469

43,w2 L
25,333

148,231
93,172
99,761

$3,605,995

$3,865,453

$1,293,882

$1,610,959

including the first six days in 1S35, during which time the road

Was not

operated by receiver.
i Receiver incurred only such expenses as




were

Northern Pacific.—The gross and net earnings for eleven
months of the fiscal years 1834-5 and 1883-4 are as below; in net
earnings as shown, rentals and taxes have not been deducted :
c

/

1881-85.

$2*303,935

and net

pledge ot the entire
($10,000,040) of the second consolidated mortgage bonds of the
Pittsburg & Connellsville Railroad Company.

issue

absolutely necessary.

Gross Earnings.
1834-5.
1883-4.

,

.

Net Earnings.
1884-5.

^

L883-4.

July 1 to Dec. 31.$6,627.719
January
553,582
February.
569.964

$6,617,939

$3,359,590

$2,920,645

614,102
520,085

113,<>08

691,612
877,665
901,100

978,956
1,441,515
1,237,805

237,133
399,58 4

164,809
91,282
4-^8,346
843,347

439,155

635,226

Total 11 raos$10.221,642

$11,460,452

$4,715,462

$5,145,155

March.

April
May

168,009

—From July 1 to
acres for $1,471,655,

June 1 in 1884-5 land sales were 295,455
including town lots.
Northern Central.—The earnings and expenses for May

and from

January 1, in 1884 and 1885, have been:

THE CHRONICLE.

761
May

,

1884.

$454,917

$477,847

271,417

283,491

1885.

188 4.

W. H. Rhawn,

W. H. Fisher, J. J. Hill, E. W. Winter, H. P.

Upham, James Smith, Jr., and Roswell Miller. Officers—W.
H. Fisher, President ; W. II. Rhawn, Vice-President; P. S.
Harris, Secretary and Treasurer; James Smith, Jr., Solicitor.
Net earnings
$133,469 $194,356
$907,194
$311,714 Executive committee—Messrs. Fisher, Hill, Winter, Upham
Oregon Pacific.—This road was completed about the close and Miller. The new directors are Messrs. Drake, Earle,
They succee! P. M. Meyers, Marvin
of last year from Yaquina Bay, Oregon, to Corvallis, about 70 Fisher and Miller.
miles. Very soon afterward, however, it was badly damaged Hughitt, A. Manvel and S, S. Merrill.
by washouts, requiring a considerable expenditure for repairs.
Shenandoah Talley.—The committee appointed in Phila¬
The repairs were made and the company commenced running
delphia
by the general mortgage bondholders of the Shenan¬
a mixed train over the road.
Owing to a recent strike of doah
Valley Railroad to prepare a scheme for the reorganiza¬
employes and the burning of timber in one of the tunnels, tion of the* company, find it essential that they be specially
traffic is temporarily suspended.
represented in the suits now pending in Virginia, which have
Oregon Short Line.—Earnings and expenses for April, and been instituted by the Fidelity Insurance Trust & Safe Depos¬
since January 1, have been as follows :
it Company of Philadelphia as Trustee, and which suits must
April
, /—l mo8. Jan. 1 to May l--.
result in a foreclosure under one or the other of the two mort¬
1835.
1835.
1884.
18^4.
The committee, therefore, recommend the deposit of
Gross earnings
$146,793
$455,483
$'36,422 gages.
$83,712
the bonds with the above trust company, which will issue
Operating expenses
90,236
58,953
352,821
289,251
receipts for them as received. To meet expenses, holders ara
Net earnings
$56,557
$24,759
$102,662 Def.$52,829 requested to deposit with the company $2 per bond. The case
Pennsylvania Railroad.—The gross and net earnings in will come up before the Master July20.
May and for five months, are specially compiled for
South Pennsylvania.—In the suit of Ralph Bagaley against
the Chronicle
in the tables below.
In May, 1885,
this company the main facts brought out on the application
there was a decrease of $376,704 in gross earnings and a
for a receiver and an injunction are substantially as follows;
decrease of $284,199 in net, and for the five months a decrease
In May, 1883, Mr. Bagaley, together with thirty others,
of $1,843,120 in gross and $1,418,800 in net compared with 1884.
On the lines west of Pittsburg the net returns show a decrease among whom were William H. and William K. Vanderbilt,
Andrew Carnegie, Stephen B. Elkins and James B. Colgate,
of $146,823 in May, 1885, compared with May, 1884, and a
entered into a written contract whereby they subscribed $15,decrease of $221,098 for the five months in 1885.
003,000 for the purpose of acquiring the property of the South
LINES EAST OP PITTSBURG AND ERIE.
Pennsylvania Railroad Company, with a view to completing
Gross Earnings.
Net Earnings.
>
that railroad from the east bank of the Susquehanna River to
1884.
1885.
1884.
1885.
$3,574,233
January
$3,277,522
$990,574 $1,166,136 the west bank of the Youghiogheny River. William R. Van¬
3,075,700
1,124,579 derbilt, IT. McK. Twombley, Frankiin B. Gowen, David HostetFebruary
3,426,733
830.439
March
3,635,374
4.002.627
1,161,109
1,404,551
April.
1,272.918 1,694,456 ter and Henry F. Dimock were appointed a committee of the
3,704,890
4.156,3(9
May
3,890,469
4,267,173
1,355,295 1,639,494 subscribers and they made four calls of 5 per cent each upon
the amount of the subscription.
Last December all the mem¬
Total 5 mos.... $17,583,955 $19,427,075
$5,610,415 $7,029,216 bers of the
synlicate, except Mr. Bigaley, consented to a
As to the lines west of Pittsburg and Erie, the monthly re- modification of the agreement,
so that the subscribers were
orts issued in 1884 and for the current year show the results
not to receive their share of the $20,000,000 of bonds which
elow.
The company’s returns, however, state a loss for the the railroad
company was to issue until 50 per cent, instead of
five months in the present year, compared with the year 1884, 20
per cent, of their subscription had been paid.
The commit¬
of only $132,312.
tee made a fifth call upon the subscribers for 2 per cent of
77S1
LINES WEST OP PITTSBURG & ERIE.
their subscriptions, and all made payment except Mr. Bagaley.
Net Surplus over all Liabilities.
He claims that the change from the original plan was
1885.
1884.
33,136 unauthorized, and that he was entitled to receive his stock
January
Def. $73,420
Def. $106,556
Inc.
February
Def. 190,780
uef. 150,051
Dec. 40,729 and bonds after payment of 20 per cent, as per the original
Def.
56,010
Def. 103,883
52,843
March
Inc.
April
70.443
49,682
Dec. 120.125 agreement. The committee made a contract with the Ameri¬
Def.
May
Def. 194,577
Def.
Dec. 146,823 can Construction Company to build a road upon a basis of
47,754
$20,000,000 of stock and $20,000,000 of bonds. The commit¬
Total 5 months Def. $585,260
Def. $363,562
Dec. $221,698 tee were to receive $1,000 each of bonds and stock for every
Rochester k Pittsburg.—Unless the opposing stockholders $1,000 of money advanced to the Construction Company. Mr.
take an appeal, the Rochester & Pittsburg Railroad will be Bagaley claims tfiat this contract is in contravention of the
sold at auction, Judge Angle of Rochester, having directed a constitution and laws of Pennsylvania, because all of the
judgment of foreclosure and sale, the exceptions to the refer¬ $40,000,000 received by the Construction Company in excess
ee’s report relative to the ownership of the bonds, &c., being of $15,000,000 is a fictitious increase of stock and indebted¬
overruled. The Court finds the amount due on the bonds in ness and is unauthorized and void. Mr. Bagaley also charged
question is the sum of $2,051,292, and confirms the report of that the members of the Construction Company are members
the referee as modified and amended, and orders that the prop¬ of the syndicate; that the Construction Company had no
erty of the defendant corporation be sold to satisfy and pay assets; that its capital had not been paid in, and that its cor¬
the amount due upon the bonds, together with interest and porators are not responsible men.'
costs.
The Hon. John M. Davy is appointed referee to make
Toledo Ann Arbor k North Michigan.—The Toledo Ann
sale of the property, such sale to take place at the Court House
& North Michigan Railway has just executed a contract
in Rochester on proper notice, and that either party to the liti¬ Arbor
Avith a syndicate to connect their Southern and Northern divi¬
gation may bid at such sale.
sions by the construction of about forty-two miles of line from
St. Joseph k Western—St. Joseph k Grand Island.—
The following gentlemen will compose the new board of South Lyons to Owosso, Michigan; this interval having been
hitherto filled by using existing lines of the Grand Trunk
directors of the reorganized St. Joseph & Western Railroad
(the road is known as fhe St. Joseph & Grand Island): John between the same points, but a longer route. The contract
F. Dillon, James IT. Benedict, J. M. Lichtenauer, William provides for the completion of the gap by Nov. 1, when the
Toledo Ann Arbor & North Michigan will have a continuous
Straubs, F. R. Pendleton, E. C. Benedict, Isaac H. Bromley,
line from Toledo to St. Louis, Mich., 145 miles long. The
Oliver Ames, Samuel Carr, Jr., S. R. Callaway, Judge Usher,
H. P. Dillon and A. L. Williams. The capital stock of the Toledo Ann Arbor & North Michigan Railway have also con¬
tracted with other parties, who are to construct the line north
new company is $4,600,000.
An issue of $7,000,000 first mort. from its
present northern terminus at St. Louis, Mich., into
bonds and $1,680,000 second mort. bonds has been authorized.
James H. Benedict is the President.
Earnings and expenses the pineries, and open it to Mt. Pleasant, twenty miles further
of the St. J. & West. RR. for three months ending March 31, north, by Nov. 1, which will carry the Ann Arbor line into the
heart of the white pine district, and give that company 165
1885, were as below.
miles of continuous line, wholly its own, from Toledo into the
Jan.
Feb.
March.
Total.
$118,035
$237,646 best portion of the pine lumber districts of Michigan.
Earnings
$36,765
$32,796
Operating expenses. 56,394
49,551
57,286
163,734
Toledo Cincinnati k St. Louis.—Receive: W. J. Crai^, of
Net earnings
$33,212
$60,799
$123,912 the Toledo Cincinnati & St. Louis Railroad, t jndered his resi g¬
$29,^7L
—The operating expenses are exclusive of taxes, about nation to Judges Gresham and Wood in the United States
Court, Indianapolis, on June 19. The reason of this action, Mr.
$4,000 per month.
—At Omaha, Neb., June 19, the Hastings & Grand Island Craig says, is that during his nineteen months’ receivership
Railway, a link of the St. Joseph & Western, running from the property has been unable to earn its expenses any month
Hastings, Neh., to Grand Island, was sold. The purchasers of its existence. The demand of the Quigley committee for
the control of the road is met with assent provided they guar¬
were James H. Benedict, Francis K. Pendleton and Isaac H.
antee the Court against further losses.
The Quigley people
Bromley, their bid of $251,000 being the only one -made. These
gentlemen tendered in payment $375,000 in first mortgage will not do this, but will guarantee the Toledo division. The
bonds, at a valuation of $247,664, and cash to the amount of Corbin committee offer to take the St. Louis division on the
$3,330. The securities were accepted and the sale confirmed same terms, so that the road is liable to be divided and sep¬
by the Court. The sale was made pursuant to the general arate receivers appointed. But the matter will come up for
argument this week and probably be settled.
plan of settlement of the St. Joseph & Western matter.
St. Louis City Bonds .—At St. Louis, Mo., Juue 25, the sale
Virginia Midland.—This company, forming part of the
of $965,000 in 4 per cent 20-year bonds of the City of St. Louis, Richmond & Danville system, now announces the payment of
par value $1,000 each, took place at the Mayor’s office.
The a back coupon on the cumulative income mortgage binds, and
purchasers were a New York firm, who took all the bonds at on July 1 the Central Trust Co. will pay the 3 per cent cou¬
$1,028 12 per bond.
pon which fell due July 1, 1884/ This issue of cumulative
St. Paul k Duluth.—The annual election held recently income bonds is very similar in form and tenor to the cumula¬
esulted as follows: D rectors—H. C. Drake, James M. Earle, tive debenture mortgage bonds of the Richmond & Danville Co.

Grossearnings

Operating expenses

1

/—Jan. 1 to May 31.—•

,

1885.

[VOL. XL,

$2,181,552 $2,203,620

1.274,358

,

,

'




>

1,391,906

June 37,

THE CHRONICLE.

1835.J

7«5

(JPonxmerciai
COMMERCIAL

COTTON.
Friday, P. M., June 26, 1885.

EPITOME.

The Movement of the Crop, as indicated
by our telegrams
from the South to-night, is given below. For the week
ending
this evening (June 26), the total
receipts have reached 2.155
bales, against 2,877 bales last week, 4,729 bales the previous
week and 3,917 bales three weeks since;
making the total

Friday

Night, June 26, 1885.
past week is the occurrence of a “cold
'snap” in extreme northern latitudes. Reports of damage
receipts since the 1st of September, 1884, 4,715,039 bales, against
therefrom to spring crops caused on Tuesday a speculation
in 4,782,641 bales for the same period of 1883-84,
showing a
corn and oats.
Orherwise crop reports have been generally decrease since September 1, 1884, of 67,602 bales.
favorable, and speculations for the rise in staples of agricul¬
Sat.
Mon.
Receipts at—
Tues.
Wed.
Thurs.
Fri.
Total.
ture have not been successful.
Progress has been made in the
Galveston
151
17
3
51
224
adjustment of labor troubles, and labor has been in most cases
Indianola, Ac.
8
b
successful in obtaining the whole or a part of the concessions
New Orleans...
950
13
40
39
17
225
An incident of the

n

j

....

demanded.
extent

A financial

on our

Stock

crisis in Mexico

Exchange, and

a

was

felt to

a

1,290

slight

general revival in

Mobile

course of a few weeks is
confidently anticipated.
Lard futures were dull early in the week, declined later
under freer offerings, closing to-day

West Point, Ac

prime Western and 6*90c. for refined for the Continent. Pork
has favored buyers and closed dull at $9(<2$9 50 for extra
prime, $11 25 for mess and $13@$13 25 for clear.
Cut meats

New York

activity and firmness — pickled
bellies 53g@5^c., shoulders 4%@5c.
and hams 9^@10c.
Smoked hams are quoted at 10t£(Sllc. and shoulders at
534@
6c. India mess beef is dull at $19@$21 per tierce; extra mess
quoted $11 and packet $12^$13 per bbl.; beef hams are firmer
at $21 per bbl.
Tallow has been active and closes steadier at
5%c. Oleomargine is quoted at 6;y@7c. and stearine 8c.
Butter has ruled steady at 16@20c. for creamery. Cheese
has
varied but little, and closes quiet at
for State fac¬
tory. The number of swine slaughtered at eight Western
towns March 1 to June 17 was 1,938,800, against 1,659,812
aithe
game towns for the corresponding
penod last season. The
following is a comparative summary of aggregate exports

Coffees have

18a4-85.
lbs. 35,934.000
lbs. 294.278,049
lbs. 190,210,701

been

less active

Tnc.
9,514,600
Jnc. 61.050,153

140,193,685

Inc. 56,023,076

the

....

....

.

....

24

19
....

....

....

....

3

•

•

104
....

Philadclp’a, Ac.

2L

22

Totals this week

1,332

217

....

....

....

....

....

83

13

....

5

....

....

.

m

45

m

45
1*21

....

.««.*,

22

48

393

2,155

year,

1884-85.

Receipts to

This

June 26

Week.

Galveston

...

Ind’nola.Ac
New Orleans.

1883-84.

Since

Sep.
1, 1884.

224

455,750

3

10,950

This

Week.
3L5

1,290 1,512,533
76
229,042

Mobile

8

821

1,511,655

50,205

70

2d2)04 /
42,888
653,184
8,084
416,955
13,700
91,711
12,588
577,513
221,978
107,640
179,165
30,261
64,438

6,599

10

77,080

1

720,423

1,259

Wilmington..
M’lieadC.,Ac

3

1884.

4,079

27

33

1885.

8,474

Florida

Pt. Royal, Ac

Sep.
1, 1883.
589,860

Savannah....

9,747
510,957
7,163
93,609
9,62!
550,978
282,963
67,983

Stock.

Since

112
3
2

1,520
70,384
4,213

2

1,833

812

1,980

2,413

410

850

spot and prices have Norfolk
240
166
1,854
1,146
barely sustained. Options have declined, but to-day are
45
W.Point,Ac.
25
4
steadier and fairly active, closing at 6 75c. for
40
241.401
231,705
July, G*90e. for New York...
Boston
121
569
82,618
6 310
6,310
August, 7c. for September, 7*05c. for October, 7#10c. for No¬
Baltimore
41,304
679
4,202
4,997
vember and 7* 15c. for December.
Raw sugars have been dul^
Pliiladel’a.Ac
78
51,418
1,580
7,935
9,984
and closed nominally lower, with fair to
good refining quoted
Total
2,1554,715.039
5,642 4.782,041
at 51.£@5?3C., and refined also lower at
320,921
343.235
63gC. for standard
“A” and 7j^c. for. crushed.
In order that comparison may be made with other
Molasses has also been dull and
years, we
drooping, closing at 20J4@21c. for 50-deg. test. Teas are give below the totals at leading ports for six seasons.
easier; standard Japans offered at 21}qC. for July and 21^0.
1884.
Receipts at— j 1885.
1883.
1882.
1880.
for October.
| 1881.
23
2
Kentucky tobacco has been very dull, and 60 hhds. for Galvest’n.Ac.
315
355
4,130
2,342
1,065
export are about the only business that can be recorded. New Orleans.
821
1,290
3,298
4 315
2,339
5,909
Prices are barely steady. The movement in seed leaf con¬ Mobile
76
70
91
419
538
392
tinues very large, and sales for the week
27
46 7
912
1,259
aggregate 2,470 Savannah....
878
1,456
cases, as follows: 300 cases 1884 crop, Wisconsin Havana seed,
Charl’st’n, Ac
33
115
568
879
956
746
p. t.; 200 cases 1884 crop, Pennsylvania Havana seed, p. t.; 350 Wilm’gt’n, Ao
3
2
68
96
363
50
cases 1883 crop,
Pennsylvania seed leaf, 8@1234c‘l 200 cases Norfolk, Ac..
285
191
2 023
1,280
1,96 i
4,547
1882 crop, Pennsylvania seed leaf, 8@10c.;
350 cases 1881 crop, All others....
209
2,809
1,595
4,551
2,324
7,583
Pennsylvania seed leaf, 6(&10c.; 120 cases 1883 crop, Wisconsin
Tot. this w’k.
Havana seed, 14(a) 25c.; 100 cases 1884
5,642
2,155
11,497
9,283
20,662
17,057
crop, Ohio, for export,
600 cases 1881 crop, New
England, 14@16e., and 250 Since Sept. 1. 4715,039 4782,641 5893.048 4620,437 5634 633 4342,134
cases sundries,
5>£@35c.; also 500 bales Havana, 60c.@$l 10,
Galveston includes Indianola; Cliarleston includes Port
Royal, &a.’r
and 250 cases Sumatra, $1 20(g) $1 65.
Wilmington includes Moreliead City, &o.; Norfolk iuclucles West Poiut.Ao.
The speculation in crude petroleum certificates has been
The exports for the week ending this
evening reach a total
very active in the past few days, and prices have materially of 32,786
bales, of which 19,613 were to Great Britain, 6,387
advanced, owing to a better export trade and a comparatively io France and 6,786 to the rest of the
Continent, while the
moderate production. The close
to-day was at 873s@87j^c. bCocks as made up this evening are now 320,921 bales. Below
Crude in barrels quoted at 7(g)7fgC.; refined in barrels for are the
exports for the week and since September 1, 1884.
export. 8c., and in cases, 9^@10!^c.; naphtha, 6zg@7c. The
Week Endiruj Jane 26.
From Sept. 1,1884, to Jane 26, 1885.
speculation in spirits turpentine was quite dull early in the
Exported to—
week, and prices declined, but yesterday there was a partial
Exported to—
Exports
Great \
Conti¬ Total
recovery, and to-day a fresh advance, closing at 37c. on the
Great
Contifrom—
Brit'n. France nent.
Total.
Week. Britain. France
spot, with a sale for September at 37^c. Rosins are firm at
nent.
$1 17K@$1 20 for strained.
Galveston
157,043
8,009
04,145
230,402Metals have offered few features of
487 10,199
interest, and at to-day’s New Orleans.. 4,332 5,379
086,353 993,330
328,343 1,308.037
exchange pig iron certificates were flat and unchanged; bids, Mobile
43,130
700
43,830
bids $15 SOc^llS/g; $16
3,535
3,585
50@$16fg asked.
Tin weaker for Florida
179,903 11,099
early, but steady lor late, deliveries; 15 tons September sold at Savannah
199.250
890,853
Charleston *...
104.211 22,259
153 515
19‘65@ 19*70e.
Tin plate firm at $4 17^@$4 30.
839.935
Copper Wilmington...
51,822
weaker for Lake at llOll^c.; Baltimore firm at 10*30 a> 10
14,040
05 863
Norfolkt
813.260
0,375
25,070
343.305
Orford steady at 10*20;^10>£c.
Load easy at 3*80^3-952. for New York
1,00S
400.700 43,771
6,299 19,771
167,031
073,401
domestic. Spelter nominal; foreign, 4*60@4*70c.
Boston
‘910 120 815
509
127,334
Ocean freights showed decided
activity on Wednesday in Baltimore...
455
40 371
120.801
101 762
3,037
grain shipments, and were again quite brisk to-day at 2/2^ Phlladelp’a,&c
00.010
1,423
05.820
5,810
to Liverpool,
2%(\. to Hull, 3]^d. to Glasgow, 2zgd. to
Total
19,613
6,39?
32,783 2,374,252 339.133 1,000,909 3,701,297
on

been

....

...

.

.

.

'

’

......

.

.

.

.

,

.

Newcastle. Petroleum charters have also been more active, and
late business includes several vesse's with refined to the Baltic

at

3s.@ 3s. 3d. per bbl.




Total 1833.34
w

♦

15,720

17 7ft 1 2 343 911

inejuaes exporr.8 rrom rort. rvoyai, «c.

Includes exports from West Point, &e.

405,003

j

m m

....

....

....

i

;

240

....

14

.[

3

.

8

....

82

.

'\

....

total receipts, the total since
Sept.l, 1884, and the stock to-night
and the same items for the
corresponding periods of last

Charleston...

1883-84.

....

....

•

33

....

26

.

8

«...

....

27
....

....

•

.

11
....

1

....

.

IO

5

.

Br’sw’k,Ac
20,389.400
232.021,896,

1

76

For comparison, we give the following table showing
the week’s

from October 27 to June 20.

Pork
Bacon
Lard.

4

....

Boston

Baltimore

show

....

158

2

5
10

....

....

....

1
....

....

11

mm mm

2

Moreli’d C.,Ac
Norfolk

....

4

....

5
....

....

....

4

Pt. Royal, Ac.

....

10

...

Wilmington....

1

....

....

Charleston

fairly active and steady
July, 6*S9c. for August, 7*02c. for Sept, and 7*12c.
for Oct. Spot lard is also lower, with more
doing at the re
duction, closing at 6*55c, for prime city, 6*75@G7*752C. for

to

......

Brunsw’k, Ac.

at 6*73c. for

21

....

Savannah

trade in the

have continued

43

Florida

our

911 0"? * 710 0*1

j

THE CHRONICLE.

766

give

In addition to above exports, our telegrams to-night also
us the following amounts of cotton on shipboard, not
at the ports named. We add similar
which are prepared for our special use by Messrs.
& Lambert, 89 Broad Street.

cleared,

figures for New York,
Carey, Yale

On

June 26, at—

Great
Britain.

New Orleans....
Mobile
Charleston

Savannah
Galveston
Norfolk
New York

France.

Foreign

2,872

3,302

None.
None.
None.
None.
None.

None.
None.
None.

None.

Other ports

None.
None.
None.

7,582
500

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

ing

s!

Leaving
Stock.

Total.

o

gfS

ffl

20
None.
None.
20
259
None.
None.
None.

None.
None.
None.
None.

949

9,436

40,769

None.
None.
20

6.599

1,930

OD
ffl

•tf

§

1,813

1,208

2,871

None.

1,854

11,082

223,623

3,000

16,666

0.

14,101

736

4,073

14,228

1,706

1,000

24,746

299

11,384

3,821

1-3

818
2,858

OS

ffl

00^-3

*2

9>5>'ip

19,728

323,507

19 792

363,998

O'

cc
CD

o

CO

•

©

O

*

cr

+

"*

•

«

i

to

Sat.

©to

©

Mon Toes

Sat.

•

TEXAS.

NEW ORLEANS.

UPLANDS.

Sat.

-4

Xo<

Mon Tues

Mon Tues

■vj

©

©

i'

Ordin'y.$tt>

83i«

Strict Ord..

8

58

818

818

&yi6

8%fl

93*
Good Ord.. 9he
Btr. G’d Ord 9i:% 934
Low Midd’g 1018
H>i16
Str.L’w Mia lc&ie 10 %
Middling... lohs 1 0 3g
Good Mid.. 10Br
10016
Btr. G’d Mid 10is1fl 10%

Midd’g Fair
Fair

93g
9%

9y,6

8%

85iq

8"l6

8'%,

8%

10%
10%

107lft
I09,e

1038
10%

U

10 34

S«j6

91®W

10ll16 1011U 10%
10%
101316
101S1 ^ 107s
11%
115,6
11516 11 %
11 %
1 H&H-- U78
1U5,,
AVed

103,6

10%

103s
10%

11%

to

1038
10%

10%e
10yle

111».o 11 %

97e

9%
103,6

10%

10%
11%

M

9%

HJl]6
®16

9%

9%
103,6

10%
1038

915l«

8U,6

M%

9%

978
1 05% Q

Ills

l

8516

OS K)

I—

mm

b>.

MM

o©

%

99

Goto

ffl

C0<l

**

to to
0< M

>
<
ffl

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>
4

M —1

©©

coco
®
GO tO bO ^

A°

co

©

Wed

Fri.

TU.

Wed

TU-

Fri.

SlQ

818

8%«

8%

8%

85,6

&916

8*16

3%

Slip

8iiie

9 3s

938
9%

97,6
013|6

9%

9%

8%
9y,6

9%

9%
1 0*1! 6

1011,6 1011,6
1078
10%
11%
11%
TU.

11%
11

g

%

<

©©

M

2

M GO

2
t0©H^
I do:

M

m »-

^
I 9©:

CO M jo
M CO

I

©

coco
Mr-

©©

99
to M

'

Strict Old..
Good Ord..
G’d Ord

9%

Middling...
Good Mid..
Sti G’d Mid

Midd’g Fair
Fair

9i5i6
10%

10116 10% 10 3 j g
103a
1014
10516 10%
10%
103a
103a
10716 10%
10»18 1< yi6 10% lolllA 10U16
10%
10%
10'3irt 10%
105*1
11%
1118
lib)
n3i« 11%
11%
1134
11%
1113]. 11%

Low Midd’g 101I6
Btr.L’w Mia IOI4

Sat.

9%
10%6

07j6 1038
10yi6 10%
10%
1011,6
1015,6 10%
i 15,6 11%
1

1113,6 11%

.

STAINED.

8%
8*1 u
9%

Mon Tues Wed

8%

85,g

8!%6

8%
9% 6.

91o

I—‘ I—00

©©

09

tb ©to

K

©©

10%

10%
10%

107,6
100,e

101l,f 10%
10%
1015,6
1 l°i 6
11%
1178
111516
TU.

..$lb.

Low Middling
Middling

7%

713lfi

7%

7%

7%

8%

87io

87i6

87,6

87,6

8%

95.6
913.6

9%

9%

9%

9%

95.6

9%

978

9%

9%

915.6

99

<

2

© ©

ffl

to to

**

CLOSED.

Sat..
Mon
Tues.
Wed
Thure
Fri.
.

.

.

Steady
Steady at i,e dec
Quiet
Dull
Finn

Q’t &st’dy,l,6 ad

Total.
The daily

Ex-

TRANSIT.

j Con-

port. sump uVVn

900!
1.550;
1,250
2,000
200
200

sit.

178
215
107

•

_

_

.

.

,

m.

m

800

027

Total.

—

....

....

....

FUTURES.

Sales.

Deliv¬
eries.

1,485

52.400

1,400
1,700
1,400

2,107
1,000
827

34,200
40,900

100
300

1.242
1,728

342

38,300
64,000

85,000

....

deliveries given above are

8,369 316.000

4,900

actually delivered the day

reported.

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September, 1884, for September, 158,200; Septem¬
October, 421,800; September-November, for November

Includes sales in

ber October, lor

582,200; September-December, for December, 967,800; SeptemberJanuary, for January, 2,ll4,lo0; September-February, for February,
1.959,200; September-Marcb. for March, 2.294.100; September-April,
for April. 1,738,500; September-May, for May, 1,878,500.
gr We have ineludea in me above table, ana shall continue
week to ffive, the average price of futures each day for each month.
will be found under each aav following the abbreviation “ Aver. * The
average for each month for the week is also jriven at bottom of table.
Transferable Orders—Saturday, 10*30e.; Monday, 10 20c.; Tuesday,
10*30o.; Wednesday, 10-30o.; Thursday, 10 35c.; Friday, 10'35o.

each
It

The
0.100 2.269

revious to that on which they are




Spec- Tran¬

^

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glance how the market closed on same days.
SALES OF SPOT AND

C>

©

COGII

<

i & to:

M

99

MM

The total sales and future deliveries each day during the
week are indicated in the following statement. For the con¬
venience of the reader we also add ,a column which shows at a

SPOT MARKET

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00

June 20 to
June 26.

©

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©

speculation in cotton for future delivery at this market <! |
i
S?
during the week under review has been rather dull, and the
g i Gn«
changes in values have not been important, nor has there been ‘ 81
any decided irregularity in the fluctuations of the present
and the coming crop. The opening on Saturday last was
I
firmer, but the speculation was dull, and the early advance
si ©£
to-3?
was not fully supported; and on Monday there was a sharp
si ©
o
decline, the foreign advices being discouraging and needed
rains having fallen in Texas.
There was a brisk recovery on
Tuesday, without any special influence to that end except the
©©
covering of contracts and speculative manipulation. Wednes¬
day was weaker, owing to the failure of Liverpool to respond
to our advance of Tuesday; yet there was no pressure to sell,
©
and yesterday, with a stronger report from Liverpool, there was
a fresh advance, though not much activity in buying. To-day
the opening was buoyant and active, in sympathy with Liv¬
©I*
erpool advices, but late in the day a new selling movement
caused the early advance to be lost for this crop, and the next
©
crop closed lower.
There were free notices issued for next
month’s delivery and these were thrown upon the market.
Cotton on the spot has been moderately active for export,
with a fair business for home consumption. The concentra¬
©GO
tion at this market of available supplies is now nearly com¬
©g
o,©
plete, and there are very few desirable lines to be had any¬
©
where.
Quotations were reduced l-16c. on Monday and
advanced l-16c. to-day, middling uplands closing at 10 7-16c.,
I
but quiet.
The total sales for forward delivery for the week are 316,000
1
bales. For immediate delivery the total sales foot up this week
1
O
O
8,369 bales, including 6,100 for export, 2,269 for consumption, ©
©
1
for speculation and — in transit. Of the above, — bales
The following are the official quotations for
were to arrive.
week.

cn

«

e
^©

3**

r

o

CD go

CO

CO

CO

CO

03

Vn00

OS

The

each day of the past

gj*

hJ CD

os

296,175

CO

o

1-1

yi
X

9,242

Total 1885.

Coast¬
wise.

Other

3,242

3.500
2.500

Total 1884
Total 1883

Shipboard, not cleared—for

[VOL. XL,

following exchanges have been made during the week
for Aug. , 09 pd. to exch. 100 July for Aug.
*10 pd. to exch. 300 July for Aug.
for Aug. |

•09 pd. to exch. 100 July
Even 100 Oct. for Jan.
•12 pd. to exch. 600 July

THE

June 27, 1885.]

CHRONICLE.

The Visible Supply op Cotton to-ni^ht, as made up by cable
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat, are this week’s returns,
and consequently all the European figures are brought down

Thursday evening. But to make the totals the comnlete
figures for to-night (June 26), we add the item of exports from
the United States, including in it the exports of Friday only.
to

Btook at Liverpool
Stock at London

bales,

Total Great Britain stock
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste

.

1885.

1884.

1883.

915,000
25,000

871,000
58,000

991,000
51,800

884,000
66,100

940,000
5,000
46,000
45,000

929,000 1,042,900
4,100
2,900
69,000
50,700
37,000
51,000
900
2,400
8,000
2,500
149,000
227,000
6,000
10,000
99,000
69,000
18.000
13,000
12,000
12,000

950,100

400

1,500
189,000
4,000
62,000
9,000
6,000

Total Continental stocks

367,900

1892.

2,800
26,200
14,400
1,400
600

150,000
1,600

29,000
7,000

5,700

336,000

454,500

Total European stocks
1,307,900 1,383,500 1,428,800 1,168,800
India cotton afloat for Europe. 185,000
296,000
330,000
369,000
Amer’n cott’n afloat for Eur’pe
74,000
142,000
103,000
187,000
7.000
17,000
Egypt»Brazil,&c.,atit for E’r’pe
39,000
22,000
Stock in United States ports .. 320,921
343,235
383,790
300,134
Stock in U. S. interior towns..
32.208
32,847
70,046
43,320
United States exports to-day..
6.900
2,097
5,500
14,200

TotW visible supply

.1,933,929 2,211,679 2,410,133 2,059,454

Of the above, the totals of American and other descriptions are as follows:
American—

Liverpool stock

bales
Coutinental stocks
American afloat for Europe...

677,000
250,000
74.000

United States stock
United States interior stocks..
United States exports to-day..

Total American...
Fast Indian, Brazil, d.c.—

581,000
284,000
103,000
343,235
32,847
2,097

320.921

32,208
0,900
1 ,361,029

Liverpool stock

299,000
58,000
170,500
330,000
17,000

7,000

Total East India, «fec
Total American

523,000
91,000

187.000

383,790

142,000
300,134

70,046

43,320

5,500

14,200

1,316,179 1,636,336

238,000
25.000
117,900
185,000

London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, Ace., afloat

738,000
252,000

253,000
51,600

361,000

131.000

127,700
369,000
22,000

66,100

296,000

39,000

865,500
773,800
572,000
1,,361,029 1,346,179 1,636,336

Total visible supply
Price Mid. Upl.f Liverpool
Price Mid. Upl., New York

945,800

1, ,933,929 2,211,679 2,410,136 :
53f.d.

65i«d.

107lhc.

HhbC.

5iii,.d.

67e 112%c.

The

imports into Continental ports this week have been
48,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 277,750 bales as compared with the same date of
1884, a decreaseoi 470,207 bales as compared with the corres¬
ponding date of 1883 and a decrease of 125,525 bales as
compared with 1882.
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1883-84—is set out in detail in the following statement:
f

2

£

®

c

©

-

-

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•

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•

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•

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—

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qomhIc go*X)0. oTo to 03<joi'bVi'x to co b

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—

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—

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tom

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MlU.
QO-'OQO*-31(0
03 — 03 C COO —

M

(-•

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© co © © o« © — ©

c © © © co
35 «■ 1 © © — x to © j- © ©#» w
© ^1 M — © X CO © © X © © W VJ © CO © CC M

©

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to
m —

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t

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X

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M

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.

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.
m
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O' © 1— to to.

2°

to

ao

10*4
10*4
I0*e
1050
10%
101316
10**
10 U
1038
10 **

10%
10*4
10*8
105a
10%

Boston

Baltimore....

Augusta
Memphis

10**
10*4
10*4
10**

....

8t. Louis

Cincinnati...
Louisville....

1038

103s

Amount

of

I013lfi

Cotton

in

10*8

10*8

10*8

ir,a

xr-

10*8

10*8

1016‘8

10

10

10*4
10*8
103a
10%
10%
10**
10*4
10*4
10**
10**

10*4
10*8
10°8
10%
10%
1030
10*4
10*4
10»*
10**

18"“
lo16

im.e

10 *4
10*8
1030
10%
10%
103,3

10*4
10*8
IOSq
10%
10%

10*4

10*4
10*4
101*

1030

10*4
10**
1030

1030

Sight June 26.—In the table below

give the receipts from plantations in another form, and add
to them the net overland movement to June
1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
we

1S84-85.

1883-84.

1882-83.

1831-82.

Receipts at the ports to J’ne 26 4,715,039 4,7S2,641 5,893,018 4,620,487
Interior
excess

stocks on June 26 iu
of September 1

18,757

*9,603

63,024

4,992

Tot. receipts from planta’tns 4,733,796 4,773,032 5,956,072
4,625,479
Net overland to June 1
596,331
562,loo
627,317
441,333
Southern consumpt’n to Juue 1
252,000
280,000
300,OOo

224,000

Total in

sight June 26

Northern spinners’
June 26
7.

5,582,127

takings to

5,615,132jG,683,389 5.290,812

1
I
1,315.449 l,491,764jl,660.191 1,526,764

*

Decrease from September l. \
It will be seen by the abovetthat the decrease in amount in
sight
to-night, as compared with last year, is 64,005 bales, the decrease
from. 1882-Si is 1,301,262 bales and the increase over 1881-62
is

291,315 bales.

Weather Reports

by

Telegraph.—The weather has been

favorable during the week in the greater portion of the
South, and the crop is generally making excellent progress.

very

Needed rains have fallen in Texas.

Galveston, Texas.—It has rained splendidly on

one

day of

the week, the rainfall reaching two inches and fifty-two hun¬
The therm jmeter has averaged 81, ranging from 74
dredths.
to 92.
Iudianola, Texas.—We have had two light showers here

during the week, but

up

country there lias been

The rainfall reached sixteen hundredths of

an

more

inch.

rain.

Crops

The thermometer lias ranged from

CO
CO

00X0

tfc-b
—

.

;
M
CT1*
to M x X!

03 T. cw

— M —.

—

X©©©

?rS

•v

&

t*

5T

Mg
xS
W

8

MCO

«*.

cob© •
tOOO©:

©to

toxco^j.

*o©

M ►0 M tO

— M

mTj

a

wide surface.

The rainfall reached

one

ninetyAverage

fine shower

during
thirty-

—

$ > ■§

3

S’

—Toco

^1x0 M © +*■

tO©«'*J©rO

CO
—

82, the highest being 91 and the lowest 08.
Luting, Texas.—The weather has been warm and dry all
the week, but there have been good rains close by.
The crop
is developing promisingly.
The thermometer lia3 averaged
87, ranging from 78 to 95.
Columbia, Texas.—We have had one fine shower during
the week, the rainfall reaching fifty-seven hundredths of an
inch.
Crops are excellent out-ide of the overflowed district.
The thermometer Ins ranged from 72 to 93, averaging 82.
Brenham, Texas.—There have been two good showers dur¬
ing the week, but hardly enough rain- The rainfall reached

and the lowest 56.

$ >

M

*This year’s tlgurea estimated.

The above totals show that the old interior stocks have
decreased during the week 3,801 bales, and are




10*8

Fri.

thermometer

03 0 03 to
aHOuOJx®
to#. 00 M O 03 — 03

CO
N)

Wilmington..

Norfolk

10*8

10316

..

.

10*Q
10
10

Thurs.

fifty hundredths of an inch. Crops are doing well. , Average
84, highest 90, lowest 72.
Belton, Texas.—We have had one good shower, the rainfall
reaching fifty-three hundredths of an inch. Crop prospects
good. The thermometer has averaged 79, the higehst being 98

to

7-03

•

CO
0

Savannah.
Charleston.

«

J

10
10

Mobile

Wednes. I

averaged

03
C5

m©;

<1 ^
to © ©

tO tO

© x #»■ m w o. 05
© W M Q0 on 03 ©

CO

10*8-

...

Tues.

Huntsville, Texas.—There has been

UL

rO

Galveston
New Orleans.

Mon.

the week, and crops are good.
The rainfall reached
five hundredths of an inch.
The thermometer lias

to

03
CO to © — <-* 00 >-*

to

Satur.

eight hundredths of an inch. Crops are splendid.
thermometer 81, highest 91 and lowest 68.

P 8(5

't

tO

CO

CLOSING QUOTATIONS FOR MIDDLING COTTON ON—

Week ending
June 26.

Palestine, Texas.—We have had delightful showers on
the week, and the indications are that they

P

—

day of the past week.

three days of
extended over

©7

4j*-. 7. co%©

Quotations for Middling Cotton at Other Markets.—
In the table below we give the closing
quotations of middling
cotton at Southern and other
principal cotton markets for each

developing promisingly.
74 to 95, averaging 847

(mmi

r|fL

5 £? a*

r o ~ ~

o

,

pL vj

e —

bales Zess than at the same period last year. The
receipts at
the same towns have been 554 bales less than the same
week last year, and since September 1 the
receipts at all the
towns are 235,053 bales less than for the same time in 1883-84.

Philadelphia.

218,700

767

to-night 639

Weatherford,

Texas.—It has rained hard

on

three days of

the week, interrupting the wheat harvest, but very beneficial
to other crops, which are very promising despite the worm
talk.
The rainfall reached two inches and thirty hundredths.
The thermometer has averaged 74, ranging from 55 to 99.

jDallas, Texas.—We have had hard rain on three days of the
week, interfering with the harvest, but helping corn and cot¬
ton.

The rainfall reached three inches and eight hundredths.
prove to be hum¬
to 102, averaging

Prospects are first class. The worm repets
bug. The thermometer lias ranged from 64

82.
New Orleans, Louisiana.—We have had rain
of the

on

three days

week, the rainfall reaching eightv-six hundredths of an
inch. The thermometer has averaged 83.
a'Shreveport, Louisiana.—Rainfall for the week two inches
and fifty hundredths.
The thermometer has averaged 80, tha

highest being 98 and the lowest 69.

CHRONICLE,

THE

768

Mississippi.—It has rained on five days of the
week. In some localities there is too much rain and weeds
are growing so fast that they are becoming troublesome, while
at other points rain is badly needed.
The'thermometer ha8
ranged from 70 to 95.
Columbus, Mississippi.—We have had rain on three days
of the week, the rainfall reaching fifty hundredths of an inch.
Prosdects generally promising for both corn and cotton.
Average thermometer 80, highest 98, lowest 04.
Leland, Mississippi.—We have had threatening weather
during the week, but with a rainfall of only thirty-eight hun¬
The thermometer has averaged 79’5, the
dredths of an inch.
highest being 90 and the lowest 71.
^
Last week wre had rain on two days, and the rainfall
reached ninety-five hundredths of an inch. The thermome¬
ter averaged 78 3 and ranged from 00 to 91.
Little Rock, Arkansas.—Four days of the week have been
cloudy with frequent showers, the rainfall reaching one inch
and twenty-three hundredths. Crop reports continue favor¬
able, though some localities are having more rain than neces¬
sary.
The thermometer has averaged 77, ranging from 67 to
'
*
90. "
Helena, Arkansas.—It has rained on four days and the
remainder of the wc ek has t een cloudy. The rainfall reached
forty-three hundredths of an inch. Generally the crop is
Meridian,

New Orleans reported below high-water mark of 1871 un il
Sept. 9, 1874, when the zero of gauge was changed to highwater mark of April 15 and 16, 1874, which is 6-10tks of a foot
above 1871, or 16 feet above low-water mark at that point.

45888811
developing promisingly, although it is claimed that in some
places grasshoppers are doing great damage to both corn and
cotton.
The thermometer has ranged from 70 to 88, avera¬
ging 78.
Memphis, Tennessee.—There have been sprinkles on five
days of the week, and indications of more rain to-day. The
rainfall reached twenty-one hundredths of an inch. Rains
have been heavier in immediate section of country.
The crop
develops finely. Average thermometer 78, highest 93, low¬
est 64.

Nashville, Tennessee.—We have

fVOL. XL.

India Cotton Movement from all Ports.—The receipt
and shipments of cotton at Bombay have been as follows fo
the week and year, bringing the figures down to June 25.
BOMBAY RECEIPTS AND SHIPMENTS FOR

i Conti-

Great

Year, Great ! Conti-

j Brit’n l neat.

■Lofal'-

Br Haiti

of an
being

Since
Jan 1.

This
Week.

Total

nent.

945,000

634,000 18,000:

.....J 3,000 194,010 440,(HO

8.0(H) 23,060 158.000 563,000 1,021.600 23.000)1'487,000
502,000
l8S3;l«,0i'0 4,0 JO j 22,000,388.0u0| 737,000 1 125,000 12.000:1
1882 13,«H) »!24.eOO 37,000 67*.000 543,000 1.221,000 t-.OOOi 1.5! 4.000
1884 15.000

show a
compared with last year in the week’s receipts of
5,000 bales, and a decrease in shipments of 20,000 bales, and
the shipments since January 1 shew a decrease of 387,000 bales.
The movement at Calcutta Madras and other India ports for
the last reported week and since the 1st of January, for two
years, has been as follows.
“Other ports” cover Ceylon,
Tuticorin, Kurrachee and Coconada.
According to the foregoing, Bombay appears to

decrease

Shipments since January 1.

Shipments for the week.
Conti¬
nent.

Great
Britain.

Calcutta—
1885
Madrs

Great
B 'Ham.

Total.

Total.

Continent.

54.400

15,000

87.500

41,200

69,400
123,700

13,000

1,600

4,000
14,600

i7,iro
13.500

23,400

40,500

8,600

22,100

75,500
114,000

38.400
5 1.40O

165,400

1,000

1,000

s—-

4,000

All others—

had rain on four days of

the week, the rainfall reaching sixty-two hundredths
inch. The thermometer has averaged 75, the highest
87 and the lowest 60.

Receipts.

Shipments since Jan. 1.

'.Shipments this week.

1885! 3,000

FOUR YEARS.

Total all-

1,000

1,000

1884......

113.900

has been showery on two days, and
The above totals for the week show that the movement from
severely on two days of the week, the rainfall
the
ports other than Bombay is 1,000 bales more than same
reaching one inch and twenty-five hundredths. The crop is
developing promisingly, but in some sections weeds are grow¬ week last year. For the whole of India, therefore, the total
ing fast on account of too much rain. The thermometer has shipments since January 1, 1885, and for the corresponding
periods of the two previous years, are as follows:
ranged from 70 to 89, averaging 79.
EXPORTS TO EUROPE FROM ALL INDIA.
Montgomery, Alabama.—It lias rained on three days, and
we are having too much rain, but as the week closes there is a
1883.
1884.
1885.
favorable change. The rainfall reached two inches and fiftyShmments
This
Since
This
Since
Since
This
to all Europe
five hundredths.
The crop develops promisingly. The ther¬
week.
Jan.1.
Jan. 1.
week.
Jan. 1.
week.
from—
mometer has ranged from 68 to 93, averaging 80.
Selma, Alabama.—It has been showery on two days of the Bombay
634,000 23,000 1,021.000 22,000 1,125,000
3,000
4,800,
94.300
113,900
j 165400
1,000
week, the rainfall reaching ten hundredths of an inch. The All other ports.
crop develops finely.
Avei age thermometer 82, highest 94 and
747.900, 23,eoo'1,186,460 26,800 1,219 300
Total
4,000
Mobile, Alabama.—It

has rained

lowest 70.

Alabama.—It has been showery on two days-of
rainfall reaching one inch and thirty-five hun¬
We have secured a good stand of cotton. The ther
has averaged 77, the highest being 86 5 and the

Auburn,

the week, the

dredths.
mometer

lowest 67-5.

Madison, Floiida.—We have had rain on two days of the
week, with a rainfall of eighty hundredths of an inch. The
the* mometer has aveiaged 86, ranging from 74 t > 102.
Macon, Geoigia.—It has rained on one day of the week.
Crop accounts unchanged.
Columbus, Georgia.—We have had rain on one day of the
week, the rainfall reaching thirty-five hundredths of an inch.

Average thermometer

SO. highest 90, lowest 73.

Savannah,Georgia.—It has rained on three days and the
remainder of the week has been pleasant and warm. The
rainfall reached one inch and sixty hundredths. The ther¬
mometer has averaged 79, the highest being 93 and the low¬
est 66.

This last statement affords a very interesting comparison
the total movement for the three years at all India ports.

cf

Shipments.—Through arrange¬
made with Messrs. Davies, Ben «chi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
Alexandria Receipts and

ments we have

the receipts and shipments for the past week
orresponding week "of the previous two years.

are

Alexandria, Egypt,
June 24

\\1

1884-85.

1

and for the
1882-83.

1883-81.
.

’

|

Receipts i can tars*)—

This week....
Since Sept. 1

3,596.000
.

Exports (bales)—
To Liverpool
To Continent

This
week.

Since

Sept. 1.
299.000

i1

1,000
2,64l.oOO

!

This
week.

2,254,000
Since

This
week.

Since

Sept. 1.

1,000 251.000
1,000 135,000

Sept. 1

1,000 233.000
86,000

Augusta, Georgia.—The weather has been very warm dur¬
ing the week, with rain on three days, the rainfall reaching
2.000 386,000' 1,000 319,000
2,600 496,000
Total Europe
one inch and five hundredths.
The rains have been rather
A cantar is 98 lbs.
excessive, and at some points in this section it is reported that
This statement shows that the receipts for the week ending
grass is becoming troubh some.
With this exception accounts June
21 were
cantars and the shipments to all Europe
gem rally good and the crop is developing promisingly.
The
2,000
bales.
thermometer has averaged 78, ranging from 62 to 96.
Manchester Market.—Our report received from Manchester
Atlanta, Georgia.—Telegram not received.
Charleston, South Carolina.—It has rained on three days to-night states that the market is dull. We give the prices for
of the week, the rainfall reaching one inch and thirty-eight to-day below, and leave previous weeks’ prices for comparison.
hundredths. Average thermometer 79, highest 91 and low¬
1884.
2,000 198,000

*

est 68.

1885.

-

Stateburg, South Carolina.—It has rained lightly on two
days of the week, the rainfall reaching thirty-three hundredths
The cotton plant looks strong and healthy. The
of an inch.
thermometer has averaged 77 3, ranging from 63 to 93.
Wilson, North Carolina.—We have had rain on one day of
The week, the rainfall reaching eighty hundredths of an inch.
The thermoneter has ranged from 62 to 90, averaging 79.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
June 25, 1885, and June 26, 1884.

-

32* Cop.
Twist.
d.

“

“

“
“

| June 25, 'So I June 26 ’84.

New Orleans .........Below high-water mark
Memphis.
Ab ive low-water mark.
Nashville
Above low-water maik.

Shreveport
\ icksbunr




£3

Above low-water-mar k.

4
16

....Above low-water-mark.

31

5
5
5
5

Ho

l,4 7n1(-s"l6
261711,S7,*

8*4 lbs.

OoWn
Mid.

Shirtings.

TJplls

d.
6
6
6
6
5

b.

©6
©6
©6
©6
©6

d
10
10
10
10
9

liday
5
5
5

5 ®6 9
5 ©6 9
5 ©6 11

5

5

©611

d.

32* Oop.
Iwisi.
A

d.

8.

8*4 lbs.

OolVn
Mid.

Shirtings.

JJpldt

d.

8.

878 © 9V5 11*937
57e
© 9*4 5 10*9 37
51 ha 8

5*‘&i6 8*s
5**16 8*8
5*51h 8%
8^
51*18 84»
8
b\

© 9*8 5
3 9*8 5
3 9*4 5
3 9*4,5
3 9*4 5
3

5**13 8%,
5.5ft

©
*8 3

8*937
8*937

9 V5
9V 5

8*9 37
8 *9 37
8*937
8*937
7*937

91? 5

7

37

d.

d.

5*9
5*fl

G3I6

3
3
3
3
3

63,6

1*2

6716

6*8

6*4

6°ig
6*8
63,3
63s

1
1

>

65[g

—

—
—

Feet.
5

29

“'129
“

a.

8
8*8
15 ShHtfSSa'
22 3 - ®8*i« 5

June 5,3
“

;j

d.

Apr 24 33,<,®834
May 1 8bft © 8^4

.

Inch.
3
4
4
5
5

Inch.

Feet.
4

O

19
3
20

2
10
4

31

•

7

& Co., Bombay send
of cotton from East
for the first four months of the year 1885, ending

East India Exports.—Messrs. Lyon
detailed statement of the exports

usa

India ports

April 30, showing a total export to
that

period of 464,708 bales

all foreign ports during

THE CHRONICLE,

June 27, 1885.1

East India Crop.—From Messrs. Wallace & Co.’s Cotton
Report, dated Bombay, May 22, we have the following:
“Receipts of cottou again show a falling oft' compared with last year
being nearly 40,000 bales less than during corresponding fortnight last
year, and as the receipts from now till the break of the monsoon are not
likely to be large, and as the mills must continue to stock against their
monsoon requirements, sellers are very firm ho ders.
* * * From the
present scale of the receipts of cotton into Bombay, it seems very
evident that the exports to Europe far the half-year ending 30th June
can hardly total 650,000 bales, as the monsoon is
reported to have
burst at Colombo on the 20th inst., so that it is due lime about the 10th

Satur.

Liverpool, steam d.

Bloom

Mississippi.—We

from

are

after lager parcels. - Considerable inquiry is reported and
orders are increasing in size. There have been sales during
the week to the extent of 8,000 rolls, various weights, at full

figures. The jobbing orders are also quite plenty, and these
are being fil!ed at the old prices of 9c. for Vi lb.,
9^c. for
1% lb., lO^c. for 2 lb. and 11c. for standard grades, the
market closing firm at these quotations.
Butts are rather
slow

at

the

and

the

market

is

easier and in
buyers’ favor; a few small lots have found takers at 113-160
ljgc. for paper grades and 2'4 ' 2}£c. for bagging qualities,
but a large lot could be had at .« shade under these figures.
moment

Comparative Port Re

'Eipts

and

Daily Crop Movement.

—A

comparison of the port movement by weeks is not aocurate,
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
as

constantly have before him the data for seeing the exact relative
for
movement
the years named.
The movement since
September 1, 1884, and in previous years, has been as follows:
Tear Beginning September 1.

•

Monthly
Receipts.

1883-34.

345,445

Bept’mb’i

1832-33.

343.812

Ootober.. 1,090,385 1,046.092

320, :5C
930, >84

Hovemb’rj 1.122,164
DeoembT

January

.

February
Marob...

April....
May

1,030.380 1,091,497
1,101,211 1,059,653 1,112,536
487,729
752,327
475,757
261,449
385,939
595,598
163,503
241,514
482,772
103,37c
111,755
284,519

35,575

-

45,913

185,523

1981-82

38*

38'

38*

....

....

....

%

38 *

3e*

c.

....

....

....

....

Hamburg, steam.c.

9o2*

932*

932*

932*

....

....

Do

sail

Do

e.

sail

Do

sail—c.

1879-80

429,777
458,478
853,193
983,31*
974,043 1,006,501
996,807 1,020,802
487,727
571,701
291,99*
572,72*
257,099
476,581
147,595
284,246
190,054
113,573

333,643
833,492
942,272

956,464
647,140
447,918
264,913
158,025
110,006

Total year 4 701,864 4,752,791 5,815,712 4,551,80 s 5,549,416 4,743,873

Perc’tage of tot. port
9799

receipts Mav 31..

96-61

96 43

91.47

94 91

Do

26,669 bales.
are

the

So far

same

exports

as

the Southern ports are concerned, these

reported by telegraph, and published in

the Chronicle last Friday.
With regard to New
include the manifests of all vessels cleared up to

night of this week.

York we
Thursday

<
Total bales.
New York—To Liverpool, per steamers Adriatic, 245. ...Archi¬

medes, 1.678
City of Richmond, 1,629
Explorer,
2,000—Gallia, 456
Nevada, 255
Siiius, 1,751
per ship St Margaret, 4,450
12,464
To Havre, per steamer Sr. Simon, 1,008
1,008
To Bremen, per steamers Donau, 072
Eider. 550
1,522
To Hamburg, per steamer Rliaetia, 850....per bark Elis>e
Linek, 1,600
2,450
To Antwerp, per steamer Noordland, 914
014
To Genoa, per bark San Luigi, 1.413
1,413

New Orleans—To Genoa, per bark Meleliiorre, 2,195
Baltimore—To Liverpool, per steamer Nova Scotian, 1,290
To Bremen, per steamer America. 186
Boston—To Liverpool, per steamers Catalonia, 1,265
Vene¬
tian, 1.912
To Yarmouth, N. 8., per steamer Alpha, 50
...

Total

are as

follows:
Livervool. Havre,

New York.
N. Orleans

12,454

Baltimore..
Boston

1.290

3,177

Total...

16,931

1,008

lire-

Ham-

Ant-

men.

burg,
2,455

xcerp.

1,522

914

Tar-

Genoa, mouth.
1,413

2,195
185

1,003

l,7o8

Total.
19,771
2,195
1,476

2,150

914

3,608

Below we add the clearances this week of vessels
cotton from United States ports, bringing our data

the latest dates:

50

3,227

50

26,669

Baltimore—Fur Liverpool—June 20—Steamer Nes^iuore, 455.
Philadelphia—For Liverpool—Juuo Id—Steamer British

Crown, 539.

Cotton freights the past week have been as follows:




mmmm

•

•

38*

38*
•

••«.

•

•

•

••

•

•

•

•

...r

932"

932^

....

....

....

932*
732*

932*
732*

910*

916*
904*

9o4*

....

*7 co

....

....

....

10* 1364-782* 13t4~732* 1364-732*

....

....

....

mmmm

9S2*
732*

932*
732*

932+
732*

91«*

9ie*

910*

9!A*

W

9G4*

9C4*

964*

932*

732*

we

have the following

sales, stocks, &c., at that port.

June 5.
3ales of the week
bales.
Of which exporters took
Of which speculators took..
Sales American
Actual export
Forwarded
Total stock—Estimated
Or wbich American—EstimVl
Total import of the week.
Of which American
Amount afloat
Of which American

June 12.

49,000
3,000
1,000

37,000
3,000
16.000

We

Jane 19.

June 26.

49,000
4,000
1,000

40,000

34,000

4,001

3,000

35,000
4,090

32,000
4,000
5,000
916,000
685,000
28,000
20,000

102,000

27,000
5,000
8,000
915,000
677,000
43,000
23,000
75,000

30,000

26,000

12,000

977,000
733,000
46,000

-*v

933,000
7c0,000

30,000

24,00.i
16,000

125,000
37,000

127,000
39.000

The tone of the

Liverpool market for spots and futures each
day of the week ending June 26, and the daily closing prices
of spot cotton, have been as follows:
Saturday Monday.

Spot.

(

Very dull.

$

4 000
500

Sales

Spec.<fe exp.

Tuesday.
In buyers’
favor.

Steady.

5^18

Mid. Upl’ds
Mid. Orl’ns.

5Hi6

»”16

534

53i

S 0 >0

1,000

v

Wednes.

Thursd’y.

Friday.

Pressed
for sale.

Moderate

Harden V
tendency.

demaud.

5^8
511]6

5lii6

6 000
500

7,000

6,090

500

51116
6,000

500

500

5*8

Futures

{

Market,
12:30 p.m.

Steady at Qui«t. and

J
l

Market,
4 P. M.

1-04 ad¬

shad 3

Dull at
1-84 de¬

Quiet at

vance.

easier.

cline.

vance.

vance.

Quiet.

Barely
steady.

Firm.

{

Weak.

1-61 ad¬

Firm.

Steady at

Steady.

1-34 ad¬

Firm.

The

opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless •
otherwise stated.

June

...

June-July..
luly-Aug...
Autf.-Sept...
September..
Sept.-Oct...

Sat. June 29.

Mon., June 22.

Tues., June*23.

Open High Low. Clos.

Open High Low. Clot.

Open High Low. Clos.

d.

d.

d.

d.

541

5 41

5 41

5 41

1

!

d.

d.

d.

d.

d.

d.

d.

540

5 40

5 33

5 38

5 88

5 39

5 33

d
5 8GJ

5 41

54L

5 41

541

5 40

5 40

53S

5 38

5 38

5 89

5 38

5 39

5 43

5 43

5 43

5 43

5 42

5 42

5 40

5 40

5 39

5 40

5 39

5 40

5 47

5 47

5 47

5 47

5 40

5 40

5 44

5 44

5 43

5 44

5 43

5 44

...

5 45

...

...

5 45

5 45

..

....

5 45

5 44

...

....

..

5 44

5 42

5 42

....

....

5 42

5 43

....

....

5 42

5 49
5 30

Oct.-Nov...

5 38

5 38

5 38

5 38

5 37

5 37

5 30

5 86

5 35

5 36

5 35

Nov.- Dec...

5 30

536

5 30

5 30

535

5 35

5 34

5 34

5 33

5 34

533

5 34

Dec.-Jan....

5 30

5 30

5 30

5 30

5 35

5 35

5 34

5 34

5 33

5 34

5 S3

531

Jan.-Feb....

5 38

5 38

538

5.38

5 37

5 37

5 36

5 33

5 35

5 30

535

5 3ft

Feb.-March

....

....

....

...

Mar.-April..

...

....

....

....

....

....

....

....

....

....

....

....

....

...

....

....

....

....

....

Wednes., J unc 24.

Thurs., June 25.

Frl., June 26.

Open High Low. Clos.

Open High Low. Clot.

Open High Low. Clot.

d.

d.

d.

d.

d.

d.

d.

4.

d.

d.

d.

5 38

5 38

5 38

538

5 39

5 40

539

5 40

5 42

5 42

5 42

5 38
June-July
July-Au«... 5 39

5 38

538

538

5 39

5 40

5 39

5 40

5 42

5 42

5 42

5 42

5 39

5 39

5 39

539

540

5 39

5 40

5 42

5 43

5 42

5 43

5 43

5 43

5 43

5 43

5 44

5 45

5 44

5 45

5 47

5 47

5 47

5 47

.

AuK.-Sept...

September..
5 42
3ept.-Oct.

5 43

5 42

Oct.-Nov....

5 35

5 30

5 35

5 30

Nov.-Dee...

5 33

5 34

5 33

5 34

....

....

....

5 43

|

....

...

5 4S

5 44

5 43

5 36

5 38

5 84

5 30

....

....

5 44

5 47

5 30

5 38

5 84

5 30

....

<L

....

5 42

....

5 47

i 47

5 47

5 40

5 40

5 40

5 40

5 38

5 33

5 38

5 38

...

5 33

5 34

5 33

5 34

5 34

5 30

5 34

5 30

5 38

5 33

5 38

538

Jan.-Feb—

5 35

5 30

535

5 30

5 36

5 38

5 36

5 38

5 40

5 40

5 40

5 40

Dec.-Jan

Feb.. March.

Mar.-April..

....

carrying
down to

New Orleans—For Havre—June 21-Steamer Paris,
5,379.
For Vera Cruz -June 20—Steamer E-tabau de Antuunno, 487.
Boston— For Liver pool -June 19—Steamer
Samaria, 231
June 20Steamer Roman, 709.

38*

add previous weeks for comparison.

....

form,

....

CO

Liverpool.—By cable from Liverpool,

June

26,669

....

l3e4~732* 13t4-732*

statement of the week’s

136

50

•

38*

Compressed.

2,195
i,jhO

3,177

332*

*8 ®964

.....

Trieste, steam...c.
Antwerp, steam..c.
*

.

Fn.

mmmm

^ 3964

sail.-.c.

This statement shows that up to May 31 the receipts at the
ports this year were 5 ),927 bales less than in 1883-81 anl
1,113,848 bales less than at the same time in 1882-83.
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached

....

Amst’d’m, steam.c.

Market,

1880-31.

*8*

38

12:30 p.m.
1884-85.

*8*

V
mmmm

Fielding & Gwynn, of this city, for a cotton bloom,
d.
which was received by them June 23, from Mr. Russell Han¬ Reval, steam
Do
sail
c.
cock, of Coahoma County, Mississippi, under date of June 20.
Barcelona,steam.c.
Mr. Hancock states that the bloom is ten days earlier than last
Genoa, steam
c.
year, and that the crops generally are earlier and in better
Jute Butts, Bagging, &C.—There has been more activity
in the market for bagging and buyers are beginning to look

Thurs.

*8,

Bremen, steam..c.

1

Wednes

....

Messrs.

condition than for several years past.

Toes.

V

sail...d.

Havre, steam....c.

indebted to

Mon.

....

Do

June.”

Cotton

769

....

...

....

....

...

....

....

....

....

....

....

....

....

*

*

....

•*

....

*•

*

*

....

•

•

.

•

• ••

*•••

BREADSTUFFS.
Friday, P. M., June 26, 1885.

The

flour

market

has

continued

somewhat

featureless

No important change in
prices has taken place, and the demand for home consump¬
tion has continued quite moderate. For export, however*
throughout the week under review.

THE CHRONICLE

770
there has been

rather more doing; not enough, however,

any appearance

somewhat irregular,with the tendency
generally downward. The speculation in futures has been
especially weak. The reports of serious injury to the growing
crop of fall-sown wheat have been followed by improved
prospects, and harvest in southern and middle latitudes has
so far made progress that new wheat from Virginia has made
its appearance on the Baltimore Exchange.
The export
prices were slight and

and for early arrival has been at

business in wheat on the spot

quite brisk, favored by slightly lower prices and the
cheapness of ocean freights. To-day, at a further
decline, the market was quite active—150,000 bushels were

times

extreme

There

taken for export.

ened the whole range of

to sell, arising from
be injured by heat, and this weak¬

was a pressure

fear that lots in store may

values.

DAILY CLOSING PRICES

Sat.

OF NO. 2 RED WINTER WHEAT.
Mon.
Wed.
Thurs.
Tues.

In elevator
June delivery

102
101 %

101
100%

July delivery
August delivery
September delivery
October delivery
November delivery
December delivery

101%
103%
1053*

lol%
103%
105%

Indian

107%
108%
110%

107%
100%
110%
futures were

corn

101%
100%

102
101

101%
103%
105%

107%
108%
!lu%

100%
102%
101%

106%
107%
109%

101

10,)%

100%
102%
101%

105%
107%
109

Fri

100%
100%

100%
102%
101%
106
107%
109

steadily tending downward in

throughout most of the week under review. A slight
reaction was caused on Tuesday by the reports of snow and
value

frost in

some

out northern

through¬
latitudes, accompanied by reports that the young

tive movement for the week

for each of the last three years:

Chicago

2,907

318,039
53,539

2,880
55,405

48,140
7,772

6,250
2,000

1,958
2,521
15,565

90,697
44,356
147,173

14,573
: 4,000

34.156

600

11,750

321.310

47,509

i. 73
1,258

1,338

3.695

174,180
8,183

5,400

131,136

111,515
1,779

1,148,216
693,582
860,515

1,792,151
1,845,429
2,171,249

1,299,529
1,443,138
1,079,423

37,345

9,091,346 96 911,343 90,626,917
8,284,818 66,230,698 101.350.330
8 626.885 71.953,740 67.641,062

56,587.198
60,141,535

16,613,723

46.761,182

15,403,295

22,379

Milwaukee..
Toledo
Dftt.rnlt,

Cleveland.
8t. Louis

..

....

Peoria

...

Duluth
Tot. wk. ’85

114.750

Same wk. ’84

184 400

Same wk. ’88

154,736

Since July
1884-5
1883-4
1882-8

Exports

Wheat.

from—
New York
Boston.
Montreal.
Pliiladel..
Baltira’re
N. Orl’ns.
..

Peas.

Bush.

Bush.

Bush.

Bush.

Bush.

Bbls.

369,901

406,893

51,488
107.749

42.068

141,680

167,000
227,911
10,027

59,505
40,166
2,958
12,616
49,930

8,557

Total w’k.
8’rne time
1884.

53%

54%

54%

October delivery

....

The

Oats have varied but little.

54 %

54%

....

....

speculation in

54%
....

..

58,978

2,188

4,446

743,028

960,757

132,584

292,586

142,326

6,226

The destination of these

futures has

moderately active, and on Tuesday the advices of wintry
weather in Michigan caused an advance which was not main¬
tained. There lias been in oats on the spot some revival of
export to London, without improving values. To-day futures
were active at pretty full prices, but spot lots a little unsettled.
Sat.
37

%
37%
34%
.33

June delivery

July delivery

*

August delivery...'
September delivery

NO. 2 OATS.

correspond:ng period of last year for comparison:
Exports
for week,
to—

1885.

1884.

Week,

Week,
June 21.

June 20.
Bbls

Tues.
38

]JW.

Thurs.

Fri.

37%

37%

37%
34%
32%

37%
35%

37%

37%
37 %

37L>

35%
S3 %

35
33

34%
32%

Rye has continued dull and unsettled. Barley
season, but barley malt has been rather more active.
The following are the closing quotations :
FI

is out of

South'n

extras..
bakers’ and

com.

Southern

family brands
Rye tiour, supertine..
Fine
Corn meal—

Spring No. 2

Red winter, No. 2
Red winter
White

Corn—West, mixed
West. mix. No. 2.
West, white
West. Yellow
White Southern..

Yellow Southern.

87
92
1 CO
90
92
52

®1 02
94
®
to l 02
®1 07
®1 03
®

no

53% *

54%

57
55
63
57

®

62

®

57%

®

70
59

®

$1 00®

3 15®

Brandywine,

3 40®




Ex )orts since

Aug. 25, to—

1894-5.

-

1884.

1885.

Week,
June 21. June 20.
Week,

Bbls.

Bush.

Bush.

550,53 4
96,500

364,715

383,313

44.176
16,077
1,204

660

23,384

7,109

132,584

670,818

748,028

Week.
June 21.
Bush.

Bush.

635,821
158,069

"‘*400

862,456

888,103
40,149
19,817

12,653

260,757

Bbls.

Bbls.

On. Kingdom

5.314,200

Continent...

309,8-8

S. & C. Am...

622.074

West Indies.
Brit. Col’nles

717,381
460,375

Oth. countr’s

54,053

7,433,717

Total

1883-4.

1884-5.

1883-4.

June 21.

June 20.

Corn.

Wheat.

Aug. 27 to Aug. 25 to

Aug. 25 to

1884-5.

1883-4.

Aug. 25 to Aug. 27 to

June 20.

June 21.

June 20.

Bu■' h,

Bush.

Bush.

22.490,850
18,318,480
48,963
1,400

4,141,532
293,084
571,311
094,821

Aug. 27 to

2*2,031,893 30,558,113
15,075,579 11,301,048
1,498,250
1,223
441,120
38,383
72,258
8.010

June 21.
Bush.

23,233,SOS
7,339,094

431,093

210

30,098

4%4j5

17,507

88.092

1,470,890
350,471
132,002
121,602

0,218,539 40,912,376

37,172,055

44,019,487

32,054,227

supply of grain, comprising the stocks in granary
principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, June 20, 1885, was as
The visible

In store at—
New York
Do afloat (est.)

4 85

3 35
3 45

Cincinnati (13th'.

70 ®
ttye—Western
®
State and Canada... 74
37
®
Oats—Mixed
38
©
White
37%®
No. 2 mixed
0 9 % ®
No. 2 white
Bariev Malt—
85
®
Canada
80 ®
State, si v-rowed
68 ®
State,two rowed

market is indicated in

/

^

Toronto

75
40
43

Montreal (13tli)..

38%
40%

Indianapolis

93
S4
70

Philadelphia
Peoria
Kansas

City

Baltimore
Down Mississippi.
On rail
On lake

On canal

the

figures of the New
receipts at Western

Tot. June20, ’85.
Tot. Junel3, ’85.
Tot. June 21,’84.
Tot. June 22,’83.
Tot. June 24/82.

bush.

100

1,093,< 09

68,812

14,969,787

670 681

7,537
76,957
3,030.696

2,909
6o,430

3,098.057
1,009.348

11,007
74,1-19

691.010
144 ISO

23,004
117,000
426,826
80,093

'

8t. Louis

Corn,

bush.

326,873
151.757
3,600

Milwaukee
Dulutli
Toledo

Detroit
Oswego

Wheat,
4,999,064
319,44 4

Newport News...
Richmond, Va

Boston

below, prepared by us from the
York Produce Exchange. We first give the

statements

1884.

By adding this week’s movement to our previous totals we
following statement of exports this season and last

Chicago

5 00® 5 65
4 00® 4 40
3 00® 3 25

Western, &o..,.

The movement of breadstuffs to

1885.
Week.
June 20.

have the

Buffalo

GRAIN.

Wheat—Spring,per bush.

669

Albany

OUR.

Fine
$ bbl. $2 60® 3 50
Supertine
3 00 <2 3 70
Spring wheat extras. 3 30® 4(H)
Minn, clear amt stra’t. 4 00® 5 00
Wintershipp’trextras. 3 65® 4 00
Winter XX * XXX.. 4 25® 5 50
Patents
4 85® 5 85
City shipping ex
3 75® 5 00

Un.King.

125,868

Corn.

Wheat.

Flour.

at the

Mon.
37 %

33%

We add the

exports is as below.

Flour.

been

DAILY CLOSING PRICES OF

55

165,260

season:

54

52,838
1,985

862,456

export.

54%

4,446

670,818

165,360

July delivery
August delivery
September delivery...

2,1 SB

N. News.

Total...

53%
53%
54 %
54%
55%

4,155

Ricbm’d.

568

53%
53%
53%
54%

4,568,891
6,677,550
4,678,36 2

Rye.

15,452

53%
53%
53%

16,942.777

Oats.

5,495

54

104,410

L 61,232

Flour.

15.397

54%
54%
54%
54%

28.901

69.388

*

Com.

17,839

54
54

8,553
3,000

exports from the several seaboard ports for the week
ending June 20, 1885, are shown in the annexed statement:

14,771

54%

120

The

Contin’nt
8.&C.Am
W. Indies
Brit, col’s
Oth.c’n’ts

In elevator
June delivery

31,810

1,460

28

plant had been seriously injured. These facts, alarming as
they were, had, however, only a temporary effect.
The
advance of Tuesday was lost in the course of Wednesday and
Thursday. Corn on the spot has been rather dull, the export
movement being smaller than usual, and prices have given
way, especially for the leading mixed grades. To-day there
was a slight concession in prices, leading to more activity for
Fi'i.
53^2

Rye.

Barley.

Bbls.imbf Bush. 60 lbs Bush. 56 lbs Bush.32 lbs Bush AS lbs Bush.W lbs
15,768
987.834
21,764
358,981
1,280,059
63,285

90,043
3,703
7,329

PRICES OF NO. 2 MIXED CORN.
Wed.
Th urs.
Tues.
Mon.
Sat.

Oats.

Com.

Wheat.

Flour.

Receipts at—

sections, with a very low temperature

DAILY CLOSING

so as to present the compara¬
ending June 20 and since Aug. 1

to lake and river ports, arranged

of activity to the dealings. There will
be, naturally, an inclination to keep stocks low for two
months to come, yet as the new season approaches the reliable
flours from old wheat will be in especial demand for mixing
with the new.
To-day the market was dull and weak.
The wheat market has been dull, and the fluctuations in
give

fVoii. XL.

1,097,264
89,327
34.487
217,634
147,004

1,073.421
7,590
61,100
676,756

1,446,831
237,149
687,799
914,849

4.754

171,765
19,622
183,789
40,882
47,809
183.652
99,466
73,414

Oats,

Barley,

Rye,

bush.

bush.

bush.

532,315

31,867

551,413
7,500
11,380
173,712

27,848

29,334
26,935

6,262

7,577

2,700

6,782
20.877
25,000
23,215
58,878
1,500

68,878
45,726
348,123
20,003

9/225

234.441
334.085

1,694
726

92,257
1,283
14,113
11,565
10,400
421

1,025,870

15,100
14,980
19,205
853

1,218
8,577
9,822

20,000

500

16 396

5,930

34,355
22,2 40

5,000

972,473 1,165.739
14,626
1.065,678

13,000

19,600

5,999

3,759,449 = 184,475 187,291
219.732
205,196
3.251,314
467.285
299,245
3,394,168
4,345,492 474,001 1,878,492
8,135,326 1,926,495 103,457 807,800

37,330,400 ' 5.906,297
37,799.919 5.473,749
14,993,058 8.530,645
20,240.434 14,631,577

10,555,440

1

THE CHRONICLE

June 27, 1885.]

DRY GOODS

THE

TRADE,

there

Friday, P. M., June 26,1885.

The market for

dry goods was tame and uninteresting the
past week, and its main featur es are unchanged. The demand
by wholesale buyers was confined within very narrow limits,
jobbers having governed their purchases by absolute wants in
order to reduce their stocks to the smallest possible amount,
preparatory to taking their semi-annual inventory. Business
was therefore very quiet in commission and importing cir¬
cles, as is usually the case under like circumstances. On the
other hand a very fair distribution of staple and department
goods was made by leading jobbers, who offered special price
inducements to their customers in order to close out their

simplify the proces of “stock-taking.’9
all the interior markets indicate that
the spring trade is practically over, as far as jobbers are con¬
cerned, but alight supplementary demand from retailers is
still expected.
Reports regarding the growing crops of
cereals and cotton are in the main satisfactory, and the out¬
look for a moderately good fall trade is considered encourag¬
ing by some of the best posted merchants in the trade, though
no boom in the near future is anticipated.
Domestic Cotton Goods.—The exports of cotton goods for
the week ending June 22 were 3,314 packages, of which 1,137
were shipped to Great Britain, 603 to Argentine Republic,
331 to U. S. of Colombia, 239 to Chili, &c., and unusually
large shipments (which will appear in next week’s statement)
have been made to China and other foreign markets since
the above date.
Brown cottons were in light demand by
j obbers, but some good-sized lots were taken for conversion pur_
poses at low figures. Bleached goods were less active (though
in fair request) and prices were unsettled, Wamsutta, New
York Mills, Dwight, Anchor, &c., shirtings having been
slightly advanced, while other less known makes that have
not
heretofore participated
in the late decline were
open stocks, and thus
Accounts from nearly

marked down in order to meet the market.
cotton flannels

Colored cottons,

and wide sheetings ruled quiet, and white

only in moderate demand. Print cloths were in
fair demand but lower, extra 64x64s having been sold toward
the close of the week at 3c. cash—the lowest price ever
reached in the history of the trade. Prints, ginghams and
other wash dress goods ruled quiet in first hands, but low
prices enabled jobbers to effect a liberal distribution of these
fabrics.
The production of staple cotton goods has been
materially lessened the past few weeks, and many additional
mills will either close entirely or run on short time during
the summer months, because of the unremunerative prices
obtainable in the present condition of the market.
Domestic Cotton Goods.—There was a steady movement in
heavy clothing woolens on account of former transactions, but
new business was comparatively small, very few out-of-town
buyers having appeared in the market. Cassimeres and
worsted coatings were in light and irregular demand, but
stocks of leading makes are in good shape, because many of
the most prominent mills have lately adopted the wise policy
of running on orders only.
Overcoatings ruled quiet, and
goods

atiluevs.

Robert Garrett &
BANKEBS,
NO.

SOUTH

T

limited call for satinets, while Kentucky jeans and
trifle more active in some quarters. Ladies*

were a

cloths, sackings, tricots, &c., were in moderate request for
future delivery, but cloakings were sluggish, and Jersey cloths
have shown less animation.

commission houses.
Foreign Dry Goods were dull in the hands of importers,
and the jobbing trade has shown very little animation. White

goods, laces, embroideries, embroidered robes, and a few other
specialties adapted to the present season, were taken in small
parcels to a fair amount, but staple dress fabrics, silks, linen
goods and woolew jvere mostly quiet. The auction season has
practically closed, no sales of special importance having been
held during the week.
Importations of Dry Goods.

The

importations of dry goods at this port for the week
ending June 25, 1885, and since January 1, and the same facts
for the corresponding periods are as follows:
s

H5

Flax Silk Cot n Wool anuf

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ct*
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STREET,
AND

BANKERS AND BR0KKR8.
Members .of Baltimore Stock Exchange,

BALTIMORE.
INVESTMENT and SOUTHERN SECURITIES a
specialty.
Correspondence solicited and Information furnisned.
N. Y. Correspondents—McKlm Brothers Sc Co.

^owthcrw ganhers.
HOUSTON,

CAPITAL, $500,000,

Houston,
We

Texas.

give special attention to

accessible points.

collections on aU

Directors.—Benjamin A. Botts, Pres’t; F. A.Rice,
C. C. Baldwin, W. B. Botts, Rob’t Brewster, 8. K.
Mcllhenny, B. F. Weems.
B. F. WEEMS, Cashier.
BENJ. A. BOTTS, Prw’t




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(MOBILE, ALABAMA.

805

Special attention paid to collections, with promot
remittances at current rates of exchange on day of
payment. Buy and sell State Of Alabama and City

if*

©to GO-4

M

OC
OO

1^

?
00

61
*

—

gaultjers.
1871.

of Mobile Bonds.

„

_

,

Correspondents.—Bank of the State of New York,
New York; Louisiana National Bank, New Orleans;
Bank of Liverpool (Limited), Liverpool.
Pres’t.

A. K. walker, Cashier

First National

Bank,

WILMINGTON, N. C.
Collections made on all parts of

the United State*

NATIONAL BANK,
RICHMOND, VIRGINIA,

MERCHANTS’

Specialty. Good Investment Securities, paying from
eight per cent, for sale.

four to

D. G. FONES,

1 STATE BANK, >C. T. WAIKBR
f
Cashier.

i Incorporated 1875.

German National

Prompt attention given to all business In our line.

N. Y. Correspondents.—Importers’ & Traders
National Bank and National Bank of the Republlo.

FOR

SALE.

Chronicle Volumes
SINCE

BRANCH &

CO.,

AND COMMISSION MERCHANTS,
RICHMOND, VIRGINIA.
Virginia Bonds funded under the Funding Act
passed by the last Legislature, for H per cent com¬
mission.
New North Carolina 0 per cent bonds,
secured by lien on the State’s stock in the North
Carolina Railroad, for sale.
BANKERS

Bank,

ROCK, ARKANSAS.
Capital (Paid In) - - - $200,000
LITTLE

Collections made on all Southern points on best
rms; prompt returns.
JOHN P. BRANCH, President,
mw F. GLENN. Cash.
Fred. R. Scott, Vice-Pres’t

THOMAS

ST. LOUIS,

Dealers In Western Securities.

President,
E. E. Burruss,

OLIVE STREET.

Defaulted Bonds of Missouri, Kansas and Illinois a

_

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ESTABLISHED

Wilson, Colston & Co.,

BANK

active in

more

BANKERS,

TRANSACT A
GENERAL DOMESTIC
FOREIGN BANKING BUSINESS.

CITY

were

demand, large deliveries having been made on
account of the recent auction sales, while new transactions
were disappointing in volume.
Blankets remained quiet, and
dealings in wool and worsted dress goods were very light; but
a fair business ia hosiery and knit underwear was done
by the

Sons, Thcs. P. Miller & Co.,
P. F. Keleher & Co.,

BALTIMORE,

THE

Flannels

movement than

were

alttroewe

was a

doeskins

1870.

Any office possessing these volumes since 1870 has

at hand for convenient reference a complete and re¬
liable financial history of the period. Parties having
the more recent volumes can obtain from the pub
Ushers most of the earlier volumes, or complete sets
can

be furnished.

WILLIAM

B.

79 & 81 WILLIAM

DANA & CO.,
STREET, NEW YORK

THE CHRONICLE.

772

[VOL. XL,

ScflaX.

Serial.
.

'TVTOTICE.—SALE OF THE TEXAS & ST.
JLl LOUIi RAILWAY IN TEXAS, consisting
of 31535 njilca <>f road, tlio roiling stock, fraucliieo, uiid all its property.
hereby given that I, J. M. McCor
cnict:. Special Master in Chau eery, under and by
virtue of a certain order of sale issued out of t he
Ciroo • t Court of the United States for the North¬
ern IDi'trict of Texas, directed and delivered to
me,will proceed to sell at public auc tion for
cash, before the court-house door in the city of
Tyler Smith County, Texas, onr to wit, tije
fourth day of August, it being tbe first Tuesday
in August, A. D. 1885, between lOo’clock A. M.
and4 o’clock P. M., all that certain property
described in tbe following order of sale, arid
upon the terms and conditions named therein.
N« ice is

5

-

Waco.

The President of the United States of America,
Xo J. M. McCormick, Special Master.

Wk&rcas, A final decree was made and

entered

theCentral Trust
Company of New York, Trustee, Complainant,
vs. Texas & S',
Louis Railway Company in
Texas*et al., Defendants, in the United States
Circuits for the Northern District of Texas at
Waco, on the 23d day of April, A. D. 1885, or¬
dering ^and directing the clerk of said Court,
upon application of J. M. McCormick, Special
Master appointed in said cause, to issue an order
of sale of the Texas & St. Louis Railway Com¬
pany in Texas and its property as described

in the^cause No. 14, Chancery,

In said decree;

and

Whereas, The said Special Master has made
his

application for such order of sale, now,

therefore, in pursuance of said final decree, I,
J. H. Pints* Cierk of the Circuit Court of the
United.6 tates f o r the Northern District of Texas,
at Waco, do hereby Issue the following order of
sale in the above entitled cause, to wit; You
are

hereby ordered and directed to seize the

Texas
Louis Railway, estimated to be
3153k miles of completed railroad, with, its East¬
ern terminuc at Texarkana, and its Western
terminus atiCatesville, Texas, together with all
its propertv, tb e said railroad and property now
in possession of 8. W Fordyce, Receiver, ap¬

,

pointed in the above entitled cause by this
Court, and exercising said trust- And after giv¬
ing at least/ 60 day s’ notice of the time and place
and term*,of such sale, and the specific property
to be sold, publishing such notice in two news¬
papers lithe city of Tyler, Texas, and in one
newspaper in the city of New York, you will
proceed to sell at public auction in the city of
Tyler, Texas, all And singular the lauds, tene¬
ments and. hereditaments of the said railway
corporation, including all its railroads, tracks,
right of way, main linos, branch lines, exteneions, sidings, superstructures, depots, depot
grounds, fetation 'houses, engine houses, car
houses, freight ihouses, wood houses, eheds,
watering places, workshops, machine shops,
bridges, viaducts, culverts, fences and fixtures,
with all its leases, leased or hired lauds, leased
or hired railroads, and all its locomotives, ten¬
ders, cars, caoriages,coaches, trucks and other
rolling stock, its machinery, tools, weighing
Beales, turn-tables, r*ils, wood, coal, oil, fuel
equipment, furniture :>&nd material of every
name, nature and description, together with all
the corporate rights, privileges, immunities a'd
franchises of ss&d railway corporation, inclua
ingthe franchise tto be a corporation, and all the
tolls, fares, freights, rent?, incomes, issues and
profits thereof, and all the reversion and rever¬
sions, remainder aind remainders thereof, ex¬
cepting, however,and reserving from the lien
of said mortgage under .which, this -ale is made,
all land grants, land .certificates and lands received by said corporation, as well as all lands

.

x

.

acquired by donation .which,are not actually
occupied aud In use iby.it,. or, necessary to the
oparation and main'emmee of its lines of road.
The said entire 3153*imiles of r.aiiway, together
with all the rolling stock and property as here¬
inbefore described, to he>a rid as an entirety.
The sale of said rail way #ud property is made
in toreclosure and satiataction of rtbc following
lieps thereon, as describediin said filial decree,
to wit.

Jfe

-

A first mortgage lien executed to
and Hetrv G. Matquand, Trustees,

,

Hemty Whelen

June 1, A. D.
1880, on MnJ miles of said railway*and all its-pjronerty
from TeXfirkana to! Waco, to aecure $8,ufi0 00 of
first mart* age bonds upon eaieb auiJeof completed
.road, to wn: $2,128,u00 00 with interest at 0 per cen¬
tum per an*f ini i roru the issue imfi delivery of said
bonds, the at me decreed to be a first lien upoc 206
mileaof said'-ailway and properly.a^aforesald; qfso,

first mortgage lieu executed b/saifi Texas & ,-6t.
Louis Railvtay.Co. in Texas to theCe.nt.rqf Trust Com¬
pany of New V* rk, 1 rustee. Augusts., A- D. 1881, op
the entire rail mi v of 315 ;-5 miles, and all Its prop¬
erty, tc-secure itfe “ general first mort«age,six percent
£

:fQrt£-year gold
per cent

uo

ids” for $ 1,000 00 each,, (bearing six

interest, tC'O interest beginning-to run June

‘1,18$!.' $1.817,000X&of said bonds having (been issued

and nbwsjutstandhv’ the amount
OoO 00,.to t*? issued U each mile of

Ha.aking.$62»\000 00

authorized, $12,completes! road,

Jed upon 4'.) 8-5 nuilesiof said

railway if roiy the end tf> sai < 20(3 miles to tiaiodvt lie,
Texas, and s&hl §62 ,00o/0 decreed to be and to hold
a first mortgage lien on j;'iitl 40 3-5 miles of railway

properity.and the bafianceof said §1,817.000 00. to
$1,197,009-09 issued up »n said 206 miles of rail¬
way and property, was decree! to hold a third mort¬
gage lien onjy<ou snid 206 mile* of railway and prop¬
erty; but inasmuch as the sanppwere issued under
the same deed of trust. and intended to hold the
same lien as the >620,000 0
and wAre sold and de¬
livered without notice t i the pureka.^ers of aay dis¬
tinctive difference between the boiwis« they in fact
being of the same series, it was ail.iiip»et» and decreed
that the 1.197 bond* and the 620 Tond.* should bo
placed on the same footing and entitled to the saruo |
equities, and are dnoFeed to share in the proceeds of
and
wit;

£he sale of 49 3-5 mileg Pf railway and property upon




lips and Abraham Wolff, Trustees, dated June 1,
A. 1). 1880, to secure its “land grant and income
mortgage bonds’’for $1,COO 00 each, bearing six per
cent interest from date, and not paid unless earned,
and amount issued §8,000 00 per mile of completed
road; said bonds decreed to hold a second mortgage
lien upon said 206 miles of railway and property de¬
scribed in said first mortgage, and amounting to $2,128,000 00. besides interest; the said decree in no
wise affecting the lien held by said bonds and mort¬
gage upon

the Master con¬
cerning the property to be sold, and the debts against»
the same, will be given upon application.
✓
J. M. MCCORMICK, k
Dai LAS, Texas, May 11,1885.
Special Master; w
Butler, Stillman & Hubdard,
Herndon & Cain,
.
Solicitors for Complainant. I

the.lands described therein.

Company of New York, Trustee, dated Aug. 1. A. D.
1881, on the entire line of its railway, to secure its

f eneral
mortgage
landsixgrant
and
$500 first
00 each,
bearing
per cent

income bonds

interest from
1,1881, due aud payable only when earned, $1,817,000 00 or said bonds decreed to be outstanding,
of which $1,197,000 00 decreed to be a fourth mort¬
gage lien upon said 206 miles of said railway and its
property, and $620 00) 00 of said issue decreed to be
a second mortgage lien on said 49 8-5 miles of said
railway and itspropety; but inasmuch as the said
entire $1,817,000 00 were issued at the same time
under the same lien of the same series, and without
notice to the purchasers of any difference therein,
the saia $1,817,000 00 is decreed to share in the pro¬
June

ceeds of 49 8-5 miles
age as

E.

hereinafter described

C]arke,

Fabius M.

ATTORNEY AT

Commercial and

LAW,

KANSAS*

TOPEKA,

said 315 3-5 miles of railway and property as
decreed to be sold to the highest bidder, are as fol¬
lows, to wit:
1st. The sale shall be for cash, and the purchaser
at tbe sale shall then and there pay over to the
Special Master the sum of $50,000 in cash, and the
remainder of said bid upon confirmation of the sale
and delivery of title, ns hereinafter provided.
2d. Upon delivery of title the purchaser shall pay
in cash or debentures and claims ordered to be paid
by this Court as a prior lien to the first mortgage
bonds, such sum as may be ascertained by the Mas¬
ter sufficient to pay off and satisfy u 11 costs, expen¬

corporation law and municipal

bonds, specialties.

Circuit
Corbin Banking Co., New York; Easteri?
Banking Co and Gen. F. A. Osborn; Boston, and the
Bank of Topeka, Topeka, Kansas.
References:

Hon. D. J. Brewer, II. S.

Fudge;

Cards.

Commercial

ses, disbursements,fees of attorneys and solicitors,
all debentures issued or paid out, or that may be
issued and paid out, and all claims now adjudged or
that may hereafter bo adjudged under the orders or
decrees of this Court, to bo entitled to be first paid
and satisfied out of the proceeds of sale before the
first mortgage bonds, and il any claim remains un¬
settled and unascertained at tbe date of the confir¬
mation of sale and delivery of title to the purchaser,
which should be and may afterwards be adjudged to
be entitled to be first paid out of the proceeds of sale
before the said first mortgage bonds, and the cash
paid in shall not be sufficient to pay off the same, the
said claim or claims shall be ana are hereby decreed
to be a first and prior lien on said railway in the
hands of the purchaser, and may be so enforced by
the further order of this Court.
3d. After fully paying off said claims entitled to be
first paid out of the proceeds of sale in cash before
the first mortgage bonds, the remainder of said bid

Brinckerhoff, Turner
&

Co.,

Manufacturers and Dealers in

COTTON SAILDUCK.
And all kinds of

DUCK,
CANVAS,
FELTING
CAR
COVERING, BAGGING, RAVENS DUCK, 8AIL
TWINK8, AC., “ONTARIO” SEAMLESS
BAGS, “A.WNING STRIPES.

COTTON

be paid in first mortgagebonds hereinafter ascer¬

tained to be a first lien on said railway and property,
and whereas $2,128,000 of first mortgage bonds were
issued upon and hold a first lien on 266 miles of said

Also, Agents

UNITED

railway and property, and $620,000 of the general
first mortgage bonds were Issued upon and bold a
first lien on 49 3-5 miles of said railway, and $1,197,000 of said general first mortgage bonds were issued
under the same deed of trust and upon the whole
line and entitled to share in the proceeds of sale on
49 3-5 miles of said road equally with the others,
making $1,817,000 of said bonds equally entitled to

A full

STATES BUNTING CO.

sapply, all Widths and Colors, always In stock
No. 109 Duane Street.

31 iss,

share In the proceeds of sale of 49 3-5 miles holding a
first lien thereon, subject to the prior payments here¬
inbefore provided.
It Is therefore ordered
and
directed that the remainder of said cash hid.
after
the aforesaid
payments
entitled to be
first paid,
be. divided into two parcels in the
on

ALL THE COURTS,

IN

Corporation and Commercial Law a Specialty.
Refers to Judges Stephen J. Field and Wm. B
Woods, U. S. Supreme Court, Washington, D. C.

upon

and

GEORGIA.

ATLANTA,

the 49 3-5 miles is proportion to the 266 miles

proportion

knd Counselor at Law,

PRACTICES

The terms and conditions of the said sale in fore¬
closure aud satisfaction of the aforesaid liens in and

may

Angier,

A.

Attorney

equally upon the basis of mile¬

of railway and its property as
in the terms of sale.

said sale.

the Inspection of purchasers before
All information in possession of

III.
A second mortgage hen executed by the Texas A
St. Louis Railway < o in Texas to the Central Trust

or

United States Circuit Court.
Fifth Circuit and Northern District of Texas, at

plainant, at the city of Tyler, Texas, subject to be In¬
spected by all persons desiring to purchase at said
sale, and the same will be exhibited and read on the
day of said sale.
The said sale of tne aforesaid property is to satisfy
certain costs, expenses, disbursements, attorneys’
fees, claims ordered to be paid, debentures, other
claims and liens described and mentioned in said final
decree aud order of sale; and the amount of cash re¬
quired to be paid on the bid for said property as pro¬
vided In the said final decree and order of sale will
be ascertained so far as possible and filed with the
said schedules and inventory of property, subject to

the basis of a prorated mileage of said entire road of
315 3-5 miles as hereinafter described.
II.
A second mortgage lien executed by the Texas &
St. Louis Railway Company in Texas to J. W. Phil¬

New

Fabyan & Co.,

York, Boston, Philadelphia,

SELLING AGENT8 FOR LEADING

BRANDS

IROWN A BLEACHED SHIRTING &

the basis of the mileage of

tie road sold, the total line of road sold being
3153 5 miles, and said liensof said first mortgage
bonds, to wit. the first mortgage" bonds being on 266
miles and thegeneral flrstmortgage bonds being upon
49 3-5 miles, tbe remainder of said bid shall be di¬
vided so as to set off 266/315 3-5 of said amount $ —
and 49 3-5/315 3-5 of said amount $
.and the
purchaser may pay saicL sums In said bonds respec¬
tively, the larger amount may be paid in said $2,128,000 of bonds and interest pro rata accordingly as the
percentage may be, and the smaller amount may be
paid in the same manner by the $1,817,000 and inter¬
est of the general first mortgage bonds pro rata ac¬
cordingly as the percentage may be, and if any part
of said bid remains unpaid after t lie applicat.ou of
payments hereinbefore provided, the same shall be

AND

SHEETINGS,

PRINTS, DENIMS, TICKS, DUCKS, Ac.

Towels, Quilts, White Goods & Hosiery
Drills, Sheetings, dtc., for Export Trcute.

BAGGING.
tVARREX, JONES & CiR lTZ,
ST. LOUIS, Mo.

paid over to the Master In cash, to be hereafter
distributed and apportioned according to theeqi”ties as established and determined by this decree. **
4th. It is further ordered that tbesald Special Mas¬
ter is authorized and directed, in the event that the
sale advertised at the time and place shall for any
good and sufficient cause fail to be made on the day

Manufacturers’ Agents for the sale of Jute Bagging

IMPORTERS

OF

COTTON

IRON

TIES.

named,thatthe said salesballthen and there be post-

{>oned by tbesald Special Master, or some person des-

Bullard & Wheeler,

gnated by him, and to be postponed In his name'and
by his authority,toafuture day,not exceeding thirty
days thereafter, and said postponement snail be

119 MAIDEN

Published
In said
at least
one newspaper
in addition
the city to
of
'yler during
adjournment
or
.le. in
s

the verbal notice given at

NEW

the time and place of ad-

sa'e shall be made on the
as hereinbefore directed,
payment of the purchase money

BAGGING

AND

IRON

TIES„

(FOR BALING COTTON.)
Agents for the following brands of Jute Bagging:
agle Mills,"“Brooklyn City,”“GeorgiH,”‘'Caro)ina,!*
‘Nevins, O,” “Union Star.” “Salem,’’ *,iluncon Milbsi’
Jersey Mills ” and “ Dover Mills.”
IMPORTERS OF IRON TIES.

as directed, report of sale to the Court, and confirma¬
tion thereof, the said Special Master will make

’

good and sufficient tide In foe simple of the
property «o sold to the pur> haser or purchasers,

a

-

*

which title shall be f ee of ail encumbrances and
shii'l be a perpetual bar to all claims or equities, or
equk y of redempt on or any claim whatsoever to the
said v^opert y so sold by said railway corporation or

claiming under it, and the said purchaser or
purchasers shall not be bound to see that the pur¬
chase money is properly applied.
Witness the Honorable Morrison R. v.'aite, Chief
Justice of the Supreme Court of the United tutes,
and the seal of the Circuit Court thereof, at Waco,
this 11th day of May, in tbe year of our Lord eighteen
hundred and ftjghty-flve and of American indepen¬
dence the I09th year.
IL.S.]
J.K. FINKS, Clerk 01 sau Court.
A schedule and invent-ry of all the propertv de¬
scribed la said order to bo sold on the 4th or August,
1885, will be filed in the 'thee of the Clerk of the
United States Circuit Cot* *t at Waco; also in the
Office Of Meal’S. Uerudop & Sain, solicitors for com-

LANE,

YORK.

1855.

ESTABLISHED

t hose

llugene
Successor

to

STATIONER
»

1

■
•

R.
sears

AND

A

Cole,
COLE.

PRINTER,

mppiies Banks, Bankers, stock Brokers and Corration? with complete outfit? of Account
Book

Stationery.

d

New
r»

concerns

organizing will have their or-

promptly executed.

Xo. 1

WIL.MA1W

STREET,

(HANOVER SQUARE.)