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HUNT’S
MERCHANTS’
REPRESENTING THE INDUSTRIAL AND COMMERCIAL
[Entered, according to act of Congress, in the
VOL, 34.
year
INTERESTS
OF THE
UNITED
SATURDAY, MARCH 11, 1882.
THE
The New Silver
CHRONICLE.
The Southwestern Overflow... 279
The Financial Situation
275
Railroad Earnings in Febru¬
ary, and from Jan. 1 to Feb.28 277
Commercial and Miscellaneous
News
282
Monetary
and
Euglish News
....
THE
BANKERS’
Money Market, Foreign Ex¬
change, U.S. Securities, State
Bonds
GAZETTE.
Returns
283
'Range in Prices at the N. Y.
8took Exchange
284
THE
280
Suotations
of Stocks and
ailroad Earnings
andBonds
Bank 285
and
286
Investments, and State, City
and Corporation Finances... 287
COMMERCIAL
Commercial Epitome
Commercial
TIMES.
293 I Breadstufts
293 | Dry Goods
‘Cotton
298
299
NO. 872.
purchaser, for at the market price it has no
option—it must buy if he offers. Now to understand
clearly the kind of machine the holder of bullion would
possess, suppose that instead of silver the bill read wheat
or cotton!
What a good time the speculators would have
had this winter with such an arrangement in force! All
they
need to have done was to work up the price of their com¬
modity to any point they saw fit, and then dump a certain
portion of their stock on the Government; again work it
up and dump some more, and so repeat the operation at
constantly-advancing values until the Government became
the wheat and cotton store-house not only for this country
a
Coinage Bill
273
Certified
Customs
Duties,
Checks and Light Coins
274
..
STATES.
1882, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C. |
CONTENT8.
and Railroad
Stocks
MAGAZINE,
sure
but for the whole world.
(fttowiclc.
The Commercial
and
It will doubtless
Financial Chronicle is issued every Satur¬
day morning, with the latest
news up
to midnight of Friday.
iEntered at the Post Office, New York, N. Y., as second-class mail matter. J
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do
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WILLIAM B. DANA. )
JOHN a. FLOYD,
J
WILLIAM B. DANA &
00., Publishers,
79 & 81 William Street, NEW YORK.
Post Office Box 958.
THE NEW SILVER COINAGE BILL.
Congressman Payson of Illinois, Chairman of the Coin¬
age Committee, has this week made himself, his State and
his committee famous by reporting a bill, not only con¬
tinuing the coinage of silver dollars, but also containing
•certain other very ingenious provisions for robbing the
producing and working classes to benefit our very-muchbloated-aristocratic-silver-mine capitalists. Of course this
measure cam never become a law, because even if it could
pass the Senate the President would veto it; but its ear¬
marks are so obvious that professions of devotion to the
people’s interests from the members of the Coinage Com¬
mittee ought not to deceive any one hereafter.
The main feature of the bill requires the United States
treasurer and Assistant Treasurers to receive all silver
bullion that may be offered in quantities of the value of
one
thousand dollars
more, and to issue silver certificates
of not less than five dollars each for this bullion at its
or
market value.
Imagine
The object is to let the
of his
production at a
these provisions in operation.
silver-mine capitalist get rid
good price. So these philan¬
thropic Congressmen give him the Government as
be
said
in
reply that the certificates
redeemable only with
silver dollars.
But that is a fact of no importance, as
they are a legal tender for all debts, public and private.
Mr. Payson, himself, would probably tell us that silver
dollars are every bit as good as gold dollars ; and so they
are for this purpose,
up to a certain point in the process,
which we shall explain shortly.
The method of manipu¬
lation would be to corner silver bullion, work up the
price, make delivery of the stock on hand at the Treasury,
issued in
take
return
for bullion
the certificates
issued
are
at
the advanced
value, and
distribute them among the people, especially in the South
and West, in payment for cotton, tobacco, wheat, corn,
pork, &c.
After that had been fully accomplished, there
shifting of the scene, and the silver operators
would appear as bears severely depressing the market,
and holding it down.
Of course no one would deposit
silver in the Treasury while its price is depressed, but
gradually at the lower values our speculative friends would
secure a new
stock, drawing it not only from their
mines here but from all parts of the worlds The very
fluctuations in- price which they engineered would help
them in their plans, for it would more than ever disgust
all European countries with silver, and lead them to sell
even their currency to us as bullion on any upward turn,
as rapidly as possible.
Having thus stocked up again,
the market would be manipulated for a further rise, and
the deliveries made to the Treasury with • the results aa
before; and so on ad infinitum, and to the people—can
there be any doubt about it ?—ad nauseam.
The public, however, is too familiar with corners and
market manipulations to need further details.
It is enough
to know that by law we make 88 cents’ worth of silver
bullion pay as much debt in New York as 100 cents
worth of the same bullion will pay in London, and hav¬
ing done that, we provide a way in which any country
can secure this advantage.
Thus, for instance, with cotton
would be
a
si
at
12
cents a
pound, one pound more can be bought
THE CHRONICLE.
274
worth of silver bullion
than can be bought in Liverpool.
Of course, such
conditions must speedily throw all silver bullion anc.
all silver which any country is willing to sell as bullion
into the United States Treasury, and the certificates issuec
therefor into the hands of the farmers in return for their
productions. It is also equally plain that in due time this
process will expel all the gold we have in circulation, the
cheaper driving out and taking the place of the dearer
New
in
York
for
100 cents
money.
But what
will be the
final outcome of these
managed on methods, which as
in
individuals they and all of
It is not a question either
interested. To be sure it
mainly, for it increases largely the risks of his
and entails upon him extra expense of both
affects .him
business
equally a tax on the Govern¬
ment in many ways, and especially in exacting additional
clerk hire with greater liability to error in handling money
instead of checks, while it does not ensure safety in the
money
operations ?
hundreds of millions of
silver, but it will no longer be owned by the speculators who
put it there and got the certificates for it, but by the dear,
simple people who hold the certificates, and who will hold
them when the break in the gold value of silver shall come
through this little device. As all commercial gold will be
driven from the United States, being demonetized by the
cheaper silver dollars, to Europe, it will be easy for Prance
and the other States of the Latin Union, as well as Eng¬
land and Germany, to adopt the gold standard. Then,
The
discarded many a year ago.
which the merchant is alone
us
[Vol. xxxiy.
Treasury will possess some
and time; but it is
least
degree.
Then, furthermore, the method pursued is very irksome
to banks, giving them much unnecessary work and some
loss; we do not refer to the actual labor in transferring the
gold—though that is a thing to be avoided if it serves no
good purpose—but to the light weight coins which are at
times returned to them by their customers.
The banks
receive this coin and give it to their customers in bags by
weight in bulk, but the Government insists that each piece
must be singly examined and be of full weight, although
the whole bag shows over the legal average.
The loss
from natural abra3ion allowed by statute is “ not more
than one-half of one per cent” if the coin has been in
circulation twenty or more years, and “ at a ratable pro¬
portion for any period less than twenty years.” To know
therefore whether the coin is up to the standard under this
rule, or just below it, is not infrequently a nice question,
which the banks in transactions between themselves do
not spend time to determine so long as the bag as stated
silver money except a convenient
supply of subsidiary or token coins and no interest in sus¬
taining the value of silver as money, but has an interest in
depressing its value as merchandise for shipment to the East,
the people who hold these United States silver certificates
may be thankful if they can buy one gold dollar, or its
value in merchandise, with two silver dollars.
About that gives a total which makes tho average weight above the
time they will fully realize the peculiar stupidity of this
requirement. This it would seem ought to be sufficient
Committee on Coinage, and bitterly hate the knavery for the Government also.
which, hidden from sight, moved the committee as puppets
But admitting that the practice in these two particulars
to their disgraceful work.
cannot be justified and needs modification, as we think all
Copper and nickel are used in our coinage as.well as must agree, the question arises how is a change to be
silver.
The production of these metals together is worth secured. The popular belief is that the whole matter lies
more than the production of silver.
Why not make the within the control of the Treasury Department. This,
United States ^Treasury a store-house for these also, and
lowever, is not so. clear.
At least with regard to the
issue certificates for each hundred dollars’ worth deposited method and kind of payment to be made the law seems to
—at market value?
The copper certificates would have be explicit and to leave nothing to the discretion of any
more chance of permanence or steadiness of value than
officer.
The words of the act are, “ all duties upon
the silver certificates can have, and would be commercially
imports shall be collected in ready money and shall be
better.
*
paid in coin or in United States notes,” &c. This could
scarcely be more imperative, for it not only says that the
CUSTOMS-DUTIES, CERTIFIED CHECKS AND
duties must be “ collected” in ready money, but also that
LIGHT COINS;
“must be paid” in coin, &c. We do not see how
We have been asked to call attention to the unnecessary they
under that provision any appeal to the Treasury Depart¬
difficulties merchants encounter in paying customs duties.
ment is likely to be successful.
It may be said very truly
Beyond a doubt, it is a wearisome operation at best, that certified checks in ordinary business parlance would
this passing goods through the Custom House ; but when
be included under the head of “ ready money”, and yet it
we add to the other machinery a regulation that payment of
would be very loose interpretation that would make such
the duties must be made in actual coin—no certified checks
an expression in a statute elastic enough to cover checks.
being allowed—and that each coin must weigh within
But in this case there is not much room for doubt since
the statutory half per cent of the standard weight, the
the law itself, in the afterpart of the sentence as above
system really becomes, as our correspondent remarks,
obstructive to business.
Only think of the absur¬ quoted, specifies “coin, United States notes,” &c., as the
ready money” which is to be used for payment.
dity of compelling a merchant—in these days of
We think therefore that appeals to the Secretary of the
improved methods for making exchanges—to go to the
Treasury to change the present practice and permit certi¬
expense and risk and trouble, of carting through the city
fied checks to be used in payment of duties are misdirected.
a hundred thousand dollars of gold, more or less, up to the
Congress—the law-making power—is the body which
Custom House, and there have each bag opened and each
coin that is a little rubbed weighed.
And yet this is should modify the existing rule. The Secretary could
very properly be asked to formulate and recommend such a
precisely what importers have to submit to every day
proposal, and there seems every reason why he should
now.
so.
We have already shown that the change would be a
As individuals we are in our various occupations trans¬
saving and source of security to the Government and to
ferring millions, upon millions almost hourly, without
the merchant.
We may also add the further suggestion
seeing a dollar of gold, and no system with more friction
would meet the requirements of our busy life.
Every that it would tend to make the Treasury operations less
when
Europe has no
'
“
“
“
do
whether he has had city or country experience, knows
this, and yet the Congressmen and Senators we elect
permit regulations to exist and the Government to
man,
be
daily balances
House.
of thetf
disturbing to the money market, since only
would have to be transferred through the Clearing
If our merchants therefore would call attention
March
THE
IX. 1882.]
Congressmen to this
something practical.
CHRONICLE.
subject it would be likely to result in
275
General Skobeleff at Paris.
reflected the views
of
a
As
undoubtedly that speech
large majority of the Russian
complaint with reference to throwing out nation it is not a matter of wonder that the Czar should
light coins, is probably within the power of the Treasury decline to do so. It is an easy matter to force a nation in
Department to remedy. In the first place, the Secretary the day of its weakness to desist from carrying out its
incurs no liability for coins accepted under weight, but traditional policy, but it is quite a different thing to make
the law provides a way to dispose of them.
Accord¬ it reject every utterance in favor of that policy. We
ing to section 3,512 of the Revised Statutes, “any sincerely trust, however, that war will be avoided, as it
«
gold coins in the Treasury of the United States when would be a very destructive one if begun, but cannot see
u
reduced in weight by natural abrasion more than one- that hostilities would be likely to disturb our financial
(i
In fact a mobilization of the armies of
half of one per centum below the standard weight markets.
Europe
would
tend
to
lessen
cultivation
there
and
to
«prescribed by law, shall bo recoined.” This cannot
enlarge the
refer to reduction of weight while in the Treasury, for consumption of food, thus increasing the dependence upon
there can be no material abrasion while resting there; but American supplies.
This in turn would necessarily affect
it must have been intended to cover any case of light coin favorably our railroad earnings.
With regard to the business situation
received. And in receiving coin the reasonable practice
here, outside of
would'be to have Government methods conform to busi¬ Wall Street, there has been no change during the week.
ness methods.
Banks, as already stated, put their gold The country, as a whole, is evidently prosperous, ex¬
into bags, and test the coins in each bag by the weight in changes are active, our industries are in a sound con¬
bulk. If in this way they reach the legal average, the dition and making good progress.
We need go no
farther
than
railroad
bag passes from hand to hand among themselves, and to
earnings to prove these statements,
and
their customers, without question.
The Secretary can
yet they find corroboration in almost all our mer¬
chandise
The prominent exception is the situ¬
markets.
easily see that any rule which makes a particular examin¬
ation of every coin necessary each time the bag passes to a ation in the districts of the Southwest, where the floods
new owner—for the date must be looked at as well as the
are causing loss,
suffering and distress. Still the over¬
coin if we are to know whether the abrasion has gone too flow has come so early as probably not to
endanger
far—would be extremely irksome; and when we consider cotton planting.
We may add that over a large portion
how very trifling the loss can ever be to the Government of the South food
products were very short last year by
in accepting a bag at the valuation of average weight, it reason of the
drought, so that the people were illy pre¬
does seem as if the rule in question ought not to be
pared for this new disaster. But the flood is a compara¬
enforced unless the law very clearly requires it.
tively local matter, and does not affect our general
We are aware that the Treasury regulation is based remark that the industrial outlook continues
very favor¬
And if there were wisdom enough in our legislators
upon section 3.505 of the Revised Statutes, which says able.
that “any gold coins,”
* * “if reduced in weight by at Washington to correct the evils which have begun to
“natural abrasion not more than one half of one per manifest themselves in some of our
existing currency
“centum” *
* *
“ shall be received at their nominal
arrangements, wo should feel that not only the present
“value by the United States Treasury and its offices,” &c. but the future
prospects of trade were peculiarly favor¬
This of course, in connection with the legal tender section able.
In Wall Street, however, the week has been one of
(section 3,585) can be construed, if the Government is so
disposed, as meaning that “ every gold coin” under the half unusual agitation and disturbance. The first unfavorable
per cent tolerance must be thrown out. And yet it does not event was the announcement of the failure of Charles A.
Bay so, but reads “ any gold coins,” clearly permitting of Sweet & Co., of Boston.
It seems that they committed
the interpretation we propose, and which would conform to themselves to the Massachusetts Central Railroad enter¬
business methods.
Remember also that this section is not
prise at a time when they supposed they had good reason
a
prchibi’ion but simply an extension of legal-tender to think that no difficulties would be encountered in nego¬
power; further, that theie is special provision in another tiating its securities.
The market changed, capitalists
section indicating what is to be done with
light-weight became distrustful of new undertakings, and embarrass¬
coins;—putting these considerations in connection with the ment quickly followed. The latest news shows that the
actual words of the statute, should lead the
Secretary, failure is by no means a bad one, and it is hoped that,
think, to change the present practice. We will add with an extension, the firm will be able not only to pay
that the custom at the
Sub-Treasury of mutilating, by its debts but show a large surplus.
It is not to be wondered at that speculators for a decline
stamping with the letter L, the light coins that are paid in
there and then
returning them to the owner, is a very in stocks should make the most of this suspension. The
arbitrary procedure and has no law to justify it.
argument was that if this old, conservative house had been
compelled to succumb, why should not half the firms on
THE FINA N CIA L SITUA TION.
the street fail.
Hence it was easy enough to circulate dis¬
In the
foreign financial outlook, there has been this quieting rumors and to give them currency even when
week a further marked
improvement. We could not have attached to concerns as sound as the Bank of England.
more positive evidence of the radical nature of this
change, Some of our best financial institutions were named as in
than the reduction of the Bank of
England rate to four serious trouble, sure to collapse and involve large numbers
The other
y
per cent.
tion of
From Paris
we even
have
news
of the resump¬
in their ruin.
What made the stories
more
effective
was
speculation, but profiting by the lesson so recently the semi-official air some of them wore when referring to
^taught a conservative course is pursued, and none but banks ; for apparently the rumors had connection with if
substantial properties find any favor.
they did not come directly from Washington. That
One report of a
feature
however
was
disquieting character reached this side on
explained Thursday, when a
Thursday, predicting serious political complications as defalcation in the Fourth National bank of 70 to 80
likely to result between Russia, Austria and Germany. thousand dollars was announced, the facts with regard to
Ihis rumor
grows out of the demand of the two latter which had been discovered by the bank last Friday and
powers that Russia should
clearly denounce the speech of referred to the Comptroller last Monday. This little
[You xxxry.
THE CHRONICLE.
276
kernel of truth which lent bursing for called bonds and that no gold was bein^
exported aided in imparting an easy feeling to the market
its support to the whole bundle of rumors.
for money.
The domestic exchanges are in favor of this
Several bank officers have made the suggestion that the
city at all interior points, Boston having changed to 25
•Governing Committee ef the Stock Exchange should unite
cents per $1,000 premium on Thursday.
The Treasury
with the Bank Clearing-House Committee, engage eminent
counsel and shrewd detectives, and thoroughly investigate operations for the week have resulted in a loss, which is *
The following will
stories with a view to the discovery and punishment of the gain to the banks, of $6,108,221.21.
show the extent of the interior movement for the week.
parties engaged in concocting and circulating false¬
Received.
hoods.
A special law covering such offences was passed
Shipps
Receipts at and Shipmentsfrom N. Y.
a few years ago, and all that seems to be required to cor¬
$1,390,000
$979^00
Currency
24,000
48,000
Gold
rect the evil complained of is proper action by authorized
$1,414,000
$1,027,000
Total
•officers and a determination to punish the offenders when
discovered. This si^ggestion of some of our bank officers
The Bank of America receive d $2,300,000 gold during
is certainly therefore worth considering.
the week for the associated banks, and paid out $950,000
It was not until Tuesday that the Wall Street markets
(including $750,000 yesterday for Europe), making the
gave signs of recovery from the effects of the Boston net gain $1,350,000.
failure. Wednesday there was another raid on prices, the
The Bank statement of last Saturday was made up on
operators for the decline using the rumors above referred rising averages, the gold ($1,500,000) withdrawn for ship,
to, and also damaging stories respecting special properties. ment on Saturday having been counterbalanced by the
Louisville & Nashville was attacked, and various state¬ disbursements by
the Treasury for bonds, which were
ments of an unfavorable character were circulated in rela¬
large during the closing days of the week. Making allow¬
tion to the financial condition of the company; among ance for this fact, and also in part for the withdrawal of
others, advantage was taken of a decision of the United $750,000 gold yesterday for Europe, the following will
States Supreme Court in the case of Fosdick against the afford some indication of this week’s return.
Chicago Danville & Vincennes Railway Company. The
Net Sain,
Info Banks. Out of Banks
above-named road was sold under foreclosure to the Chi¬
matter seems to
have been the
$6,108,221*
$
and the decision of the court Sub-Treasury operations, net. $6,108,221
387,000
1,027,000
1,414,000
Consequently the affairs of the Interior movement
$1,027,000 $6,495,221
$7,522,221
Total
latter corporation are thrown into confusion, the sale
under which they obtained title is invalidated, and securi¬
The foreign exchange market was quiet but firm
ties issued by them—of which the Louisville & Nashville until Wednesday, when the tone became a little weaker in
owns $800,000 worth—are alleged t® be worthless.
The the absence of demand; there were, however, compara*
Louisville & Nashville doubtless have a legal reme¬ tively few bills offering. The reduction in' the Bank of
dy which can be enforced, and therefore the decree England rate on Thursday caused an advance in
of the court may, and probably will, result in only a tem¬ the rate for long sterling, and sight was heavy. It has
porary inconvenience. Among the stories circulated to been reported during the week that some stocks have been
account for the decline in Erie stocks and bonds was one bought in our market for European, account, but while this
that the interest on the second consolidated mortgage is possible, London prices having at times been relatively
would not be paid.
Inasmuch as this interest is not due higher than our market, it is not probable that purchases
until June, the assertion that it will not be paid would to any large amounts have been made, for if such were the
seem t® be at least a little premature.
case, there would be some indications of it in a supply of
By Thursday the majority of dealers apparently reached bills on the exchange market. The following will show
the conclusion that there was very little real cause for the relative prices in London and New York each day.
unsettled feeling which prevailed, for on that day there
March 10
March 9.
March 8.
March 1.
March 6.
was a scramble to cover short contracts, and those who
Lond'n N.Y. Lond’n
Lond'n N.Y. Lond'n N.Y. Lond'n N.Y.
had parted with their properties appeared anxious to get
prices. prices:
prices. prices.* prices. prices* prices. prices*
them back as speedily as possible.
This fact and U.S.4s,C. prices.*
11784 m
117-96 118%
118% 117-84 118
11784
m
101-89
102%
%
102% 101-39
probably secret but definite information of the bank defal¬ U.8.3%s 101-39 102%
36-08 35*
3522
34%
36-57
36%
37-43
37%
92*79
92
cation made known by the press Friday morning, and which
9525
94>*
%
134-04 184*
134-04
135
02
134%
138J*
133%
explained away the rumors of the great disaster impend¬
130% 131-83 181*
131% 131*83 131%
29-46t 67*
28-72+
29-46t
97%
8%
ing, aided in advancing the market Thursday afternoon. Heading 2958+
The same cause acted favorably early on Friday, but sub¬ Exch’ge,
4-91
4-91
cables.
sequently the market reacted, and the close was again lower.
Expressed in their New York equivalent.
The stocks most readily depressed this week have been the
Reading
basis of $50, par value.
Southwesterns, probably owing to too much water. The
Note.—The New York equivalent is based upon the highest rate for
fact that these stocks yielded so easily was accepted by cable transfers, which ordinarily covers nearly aU charges, sucli as
interest, insurance and commissions.
some as evidence that the great promoter of the South¬
The Bank of England rate of discount was reduced to 4
western system was at least indifferent to the course of the
per cent on Thursday from 5, at which it has stood since
market or disinclined for the moment to lend support to
February 23, or two weeks. The Bank gained £512,000 bul¬
bis specialties.
It may be that his apathy is simulated, lion.
during the week and £113,000 more on Thursday and
and it is possible that the speculators for a fall who have
Friday, and the proportion of reserve to liabilities was in¬
been attacking these properties may be obliged to cover
creased 2£ per cent. The report of the Bank of France
their short contracts at higher prices, thus aiding the
shows an increase of 9,250,000 francs gold and 247,500
principal owner of the stocks in distributing part of his francs silver during the week. The Bank of Germany has
cago & Eastern Illinois,
declares such sale void.
118
Erie
‘
2d con.
97-21
Ill. Cent.
134 04
N. Y. C..
13207
97
101*39
102
36-69
36
96-23
134
13134
13207
29-70+
01
92-30
95
134-04
132
58
4-91
117-84
101-39
57
5
4-91
4-91
*
+
holding.
on
gained 5,060,000 marks
since last report.
Money has been in good supply during the week and at
no time have more than legal rates been demanded.
The shows the amount of bullion in each
short interest in the market has aided in limiting the pean banks this week and at the
year*
of the
The following
principal Euro¬
corresponding date W
inquiry, and the fact that
the Treasury was liberally dis¬
if
*
THE
11,1882.]
March
March 9, 1882.
CHRONICLE
March 10,1881.
277
In
comparison with last year, the conditions this year
Gold.
Gold.
Silver.
Silver.
sharp contrast. The winter of 1880-1 was^
of exceptional severity.
The present winter has been
A
A
A
A
22,293,213
28,110,133
unusually mild. Snow and ice blocked transportation
Bank oi fiu8i“uu
33,662,240 45,340,227 22,336,602 48,616,633
Bank of France
wholly or in part last year, while this year there was no¬
6,758,000 20,274.000 7,333,000 21,999,000
Bank of Germany
impediment to the free movement of traffic. In its effects*
62,713,453 65,614,227 57,779,735 70,615,633
Total this week
61.934,721 65.758,237 57,137,009 70.757,978
February, 1881, was worse than any other month of the
Total previous week
winter of that year.
Many roads succeeded in keeping
The payments by the Assay Office through the Subtheir lines open only with the greatest
difficulty, and
Treasury have amounted to $70,303. The receipts by the
others were so completely snowed in that for
days—in
Assistant Treasurer from the Custom House have been:
some instances for weeks—the
running of trains had to be^
Consisting of—
stand out in
•
abandoned.
Duties.
Date.
JJ. 8.
Gold.
Silver
Western and Northwestern
Silver
roads
were
par¬
ticularly affected, and sustained such heavy losses of busi¬
ness that our
$657,000 $28,000
February statement of earnings, when made^
3
$155,000
$810,694 67
Mar.
10,000 $1,000
4....
325,806 46
267,000
49,000 up, showed less than 5
per cent increase in earningsr
265,000
370,937 63
20,000
6....
85,000
though
mileage
had
increased
more than 17 per cent..
737,000
938,779 51
53,000
7....
1,000
150,000
435,638
71
22,000
330,000
8
83,000 This year no such forces were at work in those
sections,,
422,993 68
334,000
15,000
9....
1,000
72,000 and business
and traffic were free and
large. As a conse¬
Total... $3,334,850 69 $2,590,000 $148,000 $3,000
$594,000
quence, the roads in that district are able to record heavy
gains, as above. The difference between this year and
RAILROAD EARNINGS IN FEBRUARY, AND last year is forcibly brought out in the movement of
grain in*
IROM JANUARY 1 TO FEBRUARY 28.
the two periods, so we have prepared the'
following tableThe second month of the year in railroad earnings shows giving the receipts of flour and
grain at the leading lakeresults even more favorable than the first. In January and river ports of the West for the four weeks ended
we had an increase
of about 25 per cent, on mileage February 25.
RECEIPTS OF FLOUR AND GRAIN FOR FOUR WEEKS ENDED FEB. 25.
increased 13J per cent.
In February on mileage in¬
creased 14 per cent, gross earnings exhibit an increase of
Flour,
Wheat,
Corn,
Oats,
Barley,
Bye.
bbls.
bush.
bush.
bush.
bush.
bush.
almost 31 per cent.
While, however, in the aggregate,
Chicago—
the showing is highly satisfactory, it must not be sup¬
1882
238.780
571,7S1 3,078,804 1,229,427
441.059 54,270*
1881
174,719
385,905 1,858,940 1,313,664
181,246 ,36,700posed that the figures of individual roads are equally so in Milw'kee—
1882
248,754
733,441
255,480
182,855
359,539 34,560
1881
every case.
There are prominent exceptions, which
410,900
230,316
84,925
120,700 184,010 25,910*
St. Louis—
1882
appear all the more conspicuous in comparison with the
115,358 1,007,403 1,936,305
518,539
68,000 20,7081881
121,057
396,979 1,004,715
286,756
84,693
7,134
But there is a ready explanation for these excep¬ Toledo—
rest.
1882
1,771
371,799
418,071
912
17,152
4,132
tions, and thus they lose the significance that would other¬
1881
1,875
273,205
396,344
47,495
140
Detroit—
wise attach to them.
Following are the earnings and
1882
44,007
318,115
108,652
53,101
4ia
43,658
1881
28,639
299,488
67,692
120
29,797
25,397
mileage of each road.
Clevel’d—
Notes.
Dollars. Certificates.
...
it
a
......
41
4*
......
...
44
•
....
....
....
....
'
....
....
....
....
....
....
GROSS EARNINGS AND MILEAGE IN FEBRUARY.
1882
1881
Peoria—
1882
1881
....
....
Cross Earnings.
Ns me
of road.
Burl. Ced. Rap. & No.
Cairo & 8t. Louis'
Cent. Branch U. Pac.
Central Pacific
Chicago & Alton
Chic.& Eastern Ill....
Chic. <fc Gr. Trunk.*
Chic. Milw. & 8t. Paul.
Chicago & Northwest.
Chic. 8t. P.Minn. &0.
Cm. Ind. St. L. & Ch..
Cincinnati Southern..
Cleve. Ak. & Col ;
Col. Hock. Val. A Tol.
Denv. & Rio Grande..
Dec Moines & Ft. D.*.
..
Detroit Lans’g ANo..
Flint & Pere Marq....
Great West’n of Cun.t.
Hannibal & St. Jos...
Illinois Central (Ill.)..
Do
(Iowa lines)..
Ind. Bloom. A West. 1.
lntern’1 & Gt. North..
Kau.City Ft.S. A Gulf*
Lake Erie & Western.
Long Island
Louisville & Nashv...
Milw. L. Sh. & West..
st. Louis.
Mo. Kan. & Texas
Missouri Pacific
Mobile & Ohio
N. Y. <fc New
Engi’nd*
Northern Pacific
Ohio Central
Peo’ia Dec.&Evansv.*
1882.
1A81.
$
$
225,630
21,923
64,433
1,702,000
530.480
124,624
105,560
1,377,000
1,471,945
315,100
124.509
26,666
52,932
Increase ov
1882.
Decrease.
+ 101,121
■*-4,743
1,454,218
474,318
+ 11,501
+ 247,782
+ 56,162
117,119
+1,505
70,362
682,717
+35,198
+ 694,283
963,205
+508,740
+ 156,506
+ 15,368
+35,867
158,594
186,879
171,511
174,177
32,999
164,192
412,987
22,176
138,310
29,551
+3,448
+95,305
+9,583
115.436
152,358
317,682
12,593
75,217
163,221
119,883
+ 43,338
365,621
367,543
-1,922
154.717
122,874
443,679
80,820
165,326
210,523
54,790
88,485
+ 31,843
100,006
805,124
+ 11.775
+ 154,912
30.331
+35,622
38,297
+76,609
337,564
+57,108
+73,630
-58,613
+ 31.146
+ 190,197
+ 11,939
+ 17,610
+32,026
-7,387
—9,006
535,145
154,242
175,755
187,393
93,426
93,401
111,781
960,036
65,953
114,906
394,672
469,043
158,154
395,413
216,767
172,624
269,000
51,607
141,478
78,803
39,618
+ 11,834
+ 40,219
+91,466
+ 73,422
+ 10,429
-23,125
+ 38,636
+ 9,916
44.663
27,053
oJv ,do (Branches).
144,374
101,82G
64,186
560,788
178,234
—59,661
Paul Minn. & Man.
501,127
244,654
418,358
159,482
+ 258,876
+ 11,078
-5,137
+ 23,709
+ 385,123
+ 315,846
8t.L.IronMt. & So...
ai' ~°ui8 & San Fran..
8t.
Scioto Valley
Texas & Pacific
Tol. Delplios & Burl..
Union Pacifio
Wab. St. Louis & Pac.
33,991
22,916
255,644
260,781
68,033
1,759,863
39,329
1,374,740
1,134,768
818,922
1881.
$
176,400
94,439
55,180
Rich. & Danv.*§
StL. A.&T.H. m.iine.
+ 66.420
620
146
363
564
146
300
2,862
2,586
847
840
220
335
^eefe8 only of February in each year.
; r or the four weeks ended February 24.
.including Indianapolis Decatur & Springfield,
i freight
earnings.
33,500
45,500
6,405
11,800
44,675
230
335
4,137
3,803
3,195
2,798
1,003
87
222
318
807
292
919
402
544
774
321
385
328
946
300
336
144
322
551
87
222
315
807
292
919
402
544
590
305
385
328
2,025
1,840
275
360
250
225
880
700
506
316
722
231
190
757
300
336
144
322
1,062
1,197
785
506
394
972
231
248
757
195
121
723
661
912
127
1882
1881
395
3,720
3,350
3,327
2,479
1,138
32,950
220,600
89,600
88,900
37,330
5,500
2,090
1,360,500
889,400
366,500
285,100
63,800
35,200
85,450
37,950*
16.420
....
....
Total of all
1882.... 667,154
1881
578,514
3,097,134
7,336,812 2.457,174 1,017,518 196,313'*
4,522,616 2,172,412
516,046 110,044
1,844.927
The
aggregate receipts of grain for the four weeks foot
up 14,104,951 bushels this year, against 9,166,045 bushels'
last year, a gain of pretty nearly 5 million bushels, besides-*
which there is an increase of almost 90,000 bbls. in the*
receipts of flour. The improvement is most pronounced at
Chicago and St. Louis.
But grain is only one item ia
railroad traffic.
Other kinds of freight, had we the figures,,
would without doubt exhibit an equally large ratio of
gain over the preceding year. In this connection, there¬
fore, it will be interesting to compare the present earnings
with those of 1888
ingly
as
well
as
with those ef 1881.
Accord¬
have selected the leading Western and North¬
bring together their returns for three
in the annexed table.
we
western roads and
years
FEBRUARY EARNINGS AND MILEAGE OF WESTERN ROADS.
Earnings.
1882.
195
121
686
597
718
100
800
285
179.000
Duluth-
....
12,611,817 +3,918,554 40,393 35,315
*
....
....
r
Mmneap. &
Mileage.
12,079
10,108
Bur. C. Rap.
& No..
Chicago & Alton
..
$
225,630
530,480
124,624
1,377,000
1,471,945
315,100
Chic. A Eastern 111.
Chic. Mil. & St. P..
Chic. & Northwest
Chie.St.P.Minn.&O
Han. & St. Joseph.
154,717
Illinois Central....
689,387
Northern Pacific..
269,000
St. P. Minn. & Man.
418,358
Wab. St. L. APac.. 1,134,768
1881.
1880.
$
$
165,171
497,013
83,265
738,749
1,131,683
173,078
166,965
124,509
474,318
117,119
682,717
963,205
158,594
122,874
524,499
78,803
159,482
818,922
1882.
620
847
1881.
1880.
564
840
220
492
840152
3,803
2,798
2,359*
682
292
946
292
613.806
3,321
1,321
1,286
77,259
137,645
933,143
972
722
722
912
718
656
3,350
2,479
2,384
230
4,137
3,195
1,003
2,449
29S
6,711,009 4,225,042 4,717.777 16,879 14,703 12,314
Total
We thus
Mileage.
see
that
even
compared with 1880 there is
a
CHRONICLE.
THE
278
heavy increase in earnings. Tiie gain is about, 2 k
millions over 1S81 aud about 2 millions over 1880.
But
very
fVoL. xxxiv;^
Thus while last year
year
the aggregate was 525,617 bales, this
it is 257,868 bales, a contraction of 267,749 bales.
falling off was particularly heavy at New Orleans,
additional miles to make the latter increase The
and only 2,176 additional miles to make the former.
In Galveston and Mobile. No wonder that the roads car.
other words, compared with 1881 we have a gain of 59 rying to or from those points make an unfavorable
showing of earnings.
per cent in earnings and 15 per cent in mileage, but com¬
But as the enlarged grain movement was not the only
pared with 1880 we have a gain of only 42 per cent in
factor this year in the heavier receipts of the railroads in
earnings and of more than 37 per cent in mileage. Still,
it took
4,500
it should be
remembered that the
new
mileage affords
ment
a very light traffic.
Another fact brought
only
Northwest, so the diminished cotton move¬
not the only influence tending to reduce the re¬
the West and
was
out by this table is that out of ceipts of Southern and Southwestern roads. Almost through,
out the whole month the South suffered from rains and
the total increase of $3,900,000 which the aggregate of
all roads embraced in our list shows, 2£ millions is floods, and from bad weather in general. The floods inter¬
fered seriously with railroad operations almost everywhere,
accounted for by the eleven roads above.
Union Pacific,
and in some districts entailed not only severe losses upon the
Central
Pacific,and Louisville & Nashville, have pretty nearly
railroads but dreadful
suffering upon the people. Sr. Louis,
$800,000 more, leaving only about $600,000 to be distrib¬
uted over the other 33 roads reporting.
And this brings us Louisville, Cincinnati, Cairo, Hickman, Memphis, Vicksburg, Helena, and Alexandria, are a few of the principal
to the other respect in which the conditions this year
quite dissimilar to those of last year. In reviewing places which sustained great injury from the overflow of
the rivers.
It seemed as if the entire district adjacent to
the February figures in 1881, wo said: “As an offset to
the Mississippi, Missouri, Ohio, Red and Arkansas rivers
tl
the diminution in the West and Northwest, there were
were one great expanse of water, which was gradually
considerable gains by the roads in the South and South.
The cotton movement was large.”
west.
Reverse this extending its limits and encroaching upon other sections.
Even as far South as Texas rains did incalculable mis¬
in
were
“
“
every
particular, and
have
you
conditions and result this year.
outline of the
a true
The roads in the. South
During a great part of the month- wagon-roads
Our weekly telegrams from
well-nigh impassable.
State give some idea of the extent to which the rains
chief.
were
(it will be observed there are
that
two or three exceptions) compare unfavorably with 1881.
“ There is
It is not that the comparison is unfavorable as regards must have interfered with all kinds of work.
mud' and water everywhere,” “The whole country is a
actual earnings—though there are some that do show
smaller figures—but that the increase in receipts is alto¬ bog,” “All streams are out of their banks and some rail¬
roads are submerged ; work and wagoning are suspended,"
gether out of proportion to the increase in mileage. This
It is too wet for work or transportation,” “Streamsare
remark applies especially to the roads included in the Gould
Southwestern system, which are operating a very much overflowed, roads impassable,” “ Mud and slush are uni¬
larger mileage than last year. Taking these and the other versal,” “ Roads are impracticable ; work suspended”—
these are some of the reports that came to us from dif¬
leading roads in the same section from which we have
ferent parts of Texas.
With such a state of things in
returns, we get the following exhibit.
Texas, with even a worse state prevailing elsewhere be¬
FEBRUARY EARNINGS AND MILEAGE OF SOUTH WESTBRN ROADS.
and Southwest almost all
“
1881.
1882.
Inc.
771
590
2,025
1,840
1,197
—58.613
-59.001
+ 66,420
506
723
061
—0,137
1,138
88(»
5( 6
680
697
8oO
$2,701,685 $2,569,781 $$131,904
7,024
5.899
$187,898
$210,523
900,096
805.12 I
291,62
337,561
Mobile & Ohio
f-t. Louis Iron Mt.&So.
fit. Louis At 'HU Frau..
Texas & Facitio
158,104
210,707
560.7s8
178 23 4
260,781
Total
1881.
18S2.
Dec.
-$23,125
+ 151,912
+ 57,108
North’n..
Louisville At Nashville
Mo. Kansas At Toxas..
Int. & Great
or
5U1.127
244,654
255 6 4 -i
Mississippi, and with a cotton
movement reduced over one-half, there would seem to be
little room for surprise that the roads in the South and
Southwest do not make flattering exhibits of earnings—
the more so that last year, all the conditions were favor¬
cause
of the overflow of the
able.
the forty-six roads in our
gain of over 7?} million dollars, or 29 per
record a gain of only $131,904 in earnings.
The gain in cent. There are six roads in the list that have a decrease,
earnings is but little more than 5 per cent ; the gain in but it is small, only $270,069 in the aggregate, and this
mileage fully 19 per cent. If the Louisville & Nashville, attributable to the rains or other adverse circumstances
whose lines cover such a wide extent of territory; were
prevailing. Taking the roads as a whole, the remarks
omitted from the table, there would actually be a decrease
above about the February figures are applicable here.
in earnings, while the percentage of gain in mileage
Western and Northwestern roads make exceptionally
These
seven
companies, with 1,125 more miles of road,
would be raised to 23 per cent.
For the
first two months,
table exhibit
a
comparisons by reason of the auspicious
weather this year and the unusually bad weather last
contributed to bring about this result.
First, we have a
year, while Southern and Southwestern roads do little
very-largely diminished cotton movement. The receipts better than
just about maintain their own because of the
of cotton at the Southern outports during February were
rains, floods and freshets this year and the freedom from
less than half those of February last year.
That our
retarding influences last year. Central and Union Pacific,
readers may have the detailed figures before them, we
which may be regarded as occupying a sort of neutral
give our usual table below.
zone, very little affected in either year by the adverse
RECEIPTS OF COTTON AT SOUTHERN PORTS IN FEB., 1882 AND 1881.
.forces at work, have between them an increase of $1,527,*
1881.
1682.
Difference.
287, which speaks well for the general progress making.
Deo..
49,80 4
23,894
73,698
Galveston
bales.
Wabash SL Louis & Pacific, which suffered from floods
887
1.342
Dec..
455
Iudianola, A:o
Dee...
137,9-17
219,;,97
New Orleans
81,400
this year and snow last year, has an increase of $734,194
Deo..
21,348
Mobile
37,030
15,o88
Now it is not
difficult to set out the influences that
favorable
..
*
’
..
-
Florida
Bavaunah
Brunswick, Ate
Charleston
Port
Royal, &o
■Wilmington
Morehead City, utc
Norfolk
City Point, &c
Total
866
4,195
36,272
61,980
140
472
24,607
2,020
44,657
7,620
8,135
46,409
7,101
1,540
47,085
11,668
22,837
257.808
525,017
2,385
-
..
Im>..
Dec..
Doc..
.
..
332
I )hc.
Doc..
[no..
1110
Deo..
Dec..
3,329
25J14
-
..
..
..
.
20,0 0
5,000
1,034
845
676
11.169
Dec.. ..267,749
for the two months.
The roads affected to some
extent
which there are a few in the table,
show as a rule figures but slightly different from those of
last year—in some cases a small increase, in others a small
decrease.
Subjoined is our usual table, giving the figure*
by trunk-line rates, of
of individual roada.
“
GKOSS
Name
L TO FEBRUARY 28.
EAKNINGB FROM JANUARY
5k
%
Cairo * St. Louis*..
Cent. Branch Union
Central
Paoilio
^ Alton.
...
Ohio. A; F/torn Illinois.
Chicago Milvv. it St. l’au
Chici: oo it Northwest,...
Cliic.S‘ I’.Minn.&Ouui!m.
(in. IikL ."t. L. it Chic..
it Col
Vnl. A T«»l...
Denver A ltio G ramie....
Des Moines .t Ft. Doduo*
Detroit l.aiis. it North'll.
Flint A Pete Maniuetto.
Great West’ll of Cauadut.
Clove. Alt.
Go). Hoik.
Hannibal it St. Joseph
ID. Central (Ii!. line)
..
da. leased lines).
Do
Indiana Bloom, it
[lit. <t Gr. North
Kan. City
Lake Erie
West..
Ft. S. «fc Gulf. *
it Western
:
Louisville As Nashville...
Milw. L. Shore it West'n.
Minneapolis <t 8t. Louis..
Luiis
Island
Texas
Missouri Pacific
Mo. Kansas it
—
Mobile «fc Ohio
Now York <fe N. England*
Northern Pad ho
Ohio Central
Peoria Dec.it Evansville*
Richmond & Danville*...
8t.L.A.*fcT. H. main lino.
do (branches)..
SLL. Iron Mt. & SoutlPu.
8t Louis & 8. Francisco .
Do
St Paul Minn.
& Man
Increase.
1831.
1S82. •
of Road.
54,874
292,259
00,30.
120.507
113,5 SO
3,578.04-0
1,1 <>0,027
3,057,127
478,153
Cincairo
OHBOiVLOLE.
THE
11,18&3.J
Mabch
2
973,(3 •
2 12,575
1,073,. »G 1
71.2 12
2.812,000
3,'1)2,28 1
»122,50 '
2,203.87*.
410,370
353.909
40'*. I7>’
S '
180,191
5.929
02,071'
350 070
27,0.8'
004,001
51,000
025,1; *-:
2 75),7 15
223,043
3
',50(
320,25*
25.1,20.'
7 21,/87
72 7,021
203.001
277,277
955,1 32
1,115,875
200.0 In
301.08->
371.570
350,970
391,007
175,7'9(i
193,001
204,519
1,022.084
09, J(H
8^,709
390,330
233,4 20
227,407
231,400
1,010,1<U
131,240
233,332
603,074
784,094
441,113
331/2*27
195,311
791,837
1,021,718
319,587
388,248
508,800
14 2,401
112,418
400,028
198,7 it
119,300
1,017,497
501,438
813,810
81.920
.
5,231
100,743
101.087
20,00 <
7,303
57,030
26,950
288, ol7
01,838
144,032
120,703
237,024
121
71,724
remembered
that the accounts
of
the
Philadelphia & Erie are included in these figures and that
earnings of the latter road make an increase of
$26,173, so that the total decrease on the other lines
embraced in the Pennsylvania return (namely the main
stem and its branches and the United of New Jersey
system) must have been pretty nearly $159,000, and the
increase in expenses fully $310,000.
This increase in expenses is quite generally ascribed to
as
to account for the heavier
expenses, especially when we
the expenses of 1881 would
consider that without doubt
have been below what they
between
’,526
57.021
3 1 3,485)
200,403
1 35,334
ordinarily be the case. The figures show a gain of
$181,106 in gross and a loss of $132,595 in net, the
increase in expenses being the total of these two sums.
the enhanced cost of labor and material. We cannot accept
this explanation.
There is no such difference in these items
33.803
67,000
would
the net
15.720
394,301
1,131,746
390,009
413,009
•
1 7,489
70,544
78,990
00,535
44,758
this year the expenses would exhibit a decrease, and it is
for this reason that mere stress is laid on an increase than
But it is io be
.8 l ,03.
1.138.4 30
8- 8.409
2"0.2l‘i
51 509
2.951
05,021
53,095*
$
15,918
520.875
1.0. 1*9
378,.<50
3
Decrease.
279
1881
charge incurved on account of snow
But last year rates were maintained at full
and ice.
figures—this year they were not. The railroad war pre.
vailed during a good part of January this year.
It was
were
7,057
15,474
111,249
and
1882
but for the extra
110,709
not until
raised.
541,5)57
400,150
24,523
24,472
85,578
58,538
the last week of the month that the schedule was
arrived at rates were
afterward they were,,
2,714,539 1,000,412
and
are
734,191
1,030,539
still, very much below the figures ruling a year
2,304,733
Wabath St. L. & Puo.....
This, of course, would tend to raise the percentage
33,953,195 26,385,"94 7,837,370 270,069 ago.
7.5o7,3nl
Net increase,
of operating expenses to earnings, even though traffic
♦Three weeks only of February in each year.
increased very, heavily, and here very likely we have the
tTo February 24.
The above relates entirely to gross earnings.
It is to true explanation of the larger expenses. The same cause
set earnings, however, that chief importance attaches at would tend to diminish the net earnings of the Pennsyl¬
the present time.
Relative gross earnings are important vania’s Western lines—it would, in fact, have even greater
as showing the growth of the country’s business, but it is
effect on these, because their local business is compara¬
only in net earnings that we get a clue to the profit at tively of much smaller dimensions—so we find that the
which the business is being done by each individual road. lines west of Pittsburg and Erie netted a profit of only
Of late there has been such an increase in expenses that $9,741 this year, against a like profit of $381,207 in 1881
the percentage at which a road was operated in former and $305,304 in 1880.
GROSS AND NET EARNINGS TO LATEST DATES.
years can no longer be accepted as a guide in determining,
from present gross earnings, what present net earnings
January 1 to Date.
January.
are.
The January figures now to hand will therefore be
Name.
Net
Gross
Net
Gross
Operating
Earning'' Expenses. Earnings Earnings Earnings
closely scanned. Our statement embraces roads from
%
$
$
*
*
quite a number of different sections, but the roads can Buffalo Pitts. & West..1882
25,747
53,084
25,747
53 084
27.337
39,882
8.074
8,674
39,83:5
31,158
do
1631
hardly be considered as representative in character. From Burl. Do
99 115
252.823
U 3.708
253.823
99.115j
Cedar Rap. &, No..1832
107.750
34,028
34,928
107.750
132.823
Do
do
1881
the South we have three companies—the Louisville &
09,963
218,509
99 903
118,630
218,599
Cin. Ind. St. L. & Chic.1882
182,458
82,280
82,280
100,17-3
182,458
1881
Do
do
Nashville, the Nashville Chattanooga & St Louis, and the
30 122
18.498
18.498
17.021
30.
22
& No. Amor. 1882
10 893
10,393
31,399
Norfolk & Western, all favorable. From the West we European
31.399
20,500
do
1881
Do
950.005
328.734
328 734
950 005
621,331
& Nashv.. ..1882
250,394
816,960
have but one, the Burlington Cedar Rapids & Northern, Louisville
250,394
500,500
1 8*51
810,900
Do
do
-150.994
54.594
54.594
Scioto Valley
Texas & Pacino
Toledo Delphos & Burl...
Uniou Paciho
08,200
560,429i
144,110
3.720,9.71
43,077
Before the agreement was
down to the starvation point—even
1
which is also favorable.
This company was
affected by
the weather last year
and sustained a large falling off in
net, but the present figures show a satisfactory increase
even when
compared with 1880, when the net earnings
were
§81,000, against $99,000 this January.
From
the extreme East we have the/European &, North Ameri¬
can, and then we have the Buffalo Pittsburg & Western
and the
Philadelphia & Reading. Like the others, these
exhibit an improvement on the results of last year.
But, from the position which their lines occupy, probably
more
significance will bo given to the returns of the
Pennsylvania and Northern Central. Both these show
larger gross earnings than ever, but their net earnings are
not
only smaller than in 1881, but also smaller than in
January, 1880, and exhibit an increase only when we get
hack
to 1879.
That there should be
a
156,994
Norfolk & Western.. ...183'
1881
do
Do
103,57 i
164,917
.".1382
1881
407.3-.J8
178.143
102,400
137,929
38*3,150
100,530
104,020
314,759
245,970
1882
3.373.3 M
2.290.0:'5
1881
..1882
3.. 89,215
1.982.354
1881
252 727
2:4.308
160,48)
104,234
Philadelp’a & Readin -.1832
Northern Central
Do
do
Penn, (all lines east
Pitts. & Erie)
Do
do
of
Phila. & Erie
40,214
178,143
63.042
tO,291
104,572
104,917
92,609
407,308
380,150
140,180
40,214
68.012
60,291
02.609
140,186
1
1.074,206
1,200,861,
86,242
3.373 321
224,303
1,503.075
1.319.1- 2
948,39
3,189,2.5
252.727
1,074.266
1,206,861
80,243
60.069
1.503.075
919.072
60.009,
584.003
1K"1
1,319,132
819,493
499,040
Phila.& Read. C.& Iron 1382
Do
do
138i
948.39 •
834.24G
885,430
62,911
779,117
55,129|
834,240
65.1.9
...1382
1S81
53.44'
43,54.
38,317
20.100
53447
20,100
20,1011
48,515
20,101
do
l)o
do
Do
West Jersey
do
Do
NAME.
..
62,911
December.
January 1 to Date.
Net
Gross
Operating
Earnings Expenses. Earnings.
Net
Grt.s-:
Earnings Earnings
Cairo & St. Louis...,. ..1881
18S0
Do
do
Chic. Burl. & Quincy. ..1881
1880
do
Do
Pad. & Elizubetht’n
l>o
do
2",448
584 003
499,640
..1831
1880
§41 091
37,92-
$27,477
$14,218
33.440
4,488;
1.905,49 i
871,199
1,552,018
081,41 1
51.421
42.401
28.741
37,773
1
$4 ’4,482
413 683
034,2911 21,170,45
$73,343
82,115
10,602.095
87u,t07. 20,454.494 11,091,500
13(,381
9,020!
545,813
103,278
9.029;l 40 4.901
decrease in the net
earnings of the Pennsylvania in the face of an increase in
gross, is especially noteworthy, for last year the company’s
expenses were much above those of the previous year, and
it was believed that this
the exceptional
was due to
severity of the weather. It was therefore expected that
1882
1881
Nash. Chat. & St. Louis
Do
do
THE SO UTH WESTERN
The
O VERFL0 W.
floods in the Southwest have
become even more
The levees in Arkansas, Tennes¬
see, Mississippi, and Louisiana, have in places broken
away, and great destitution prevails.
In many instances
serious the
past week.
THE CHRONLCLE
280
not
even
the necessaries of life
are
left.
Supplies have
homes have been
broken up and destroyed, and the people driven to the
high lands for safety.
It is evident that there is very urgent call for help, and
been
swept off, live stock has perished,
The Govern¬
ment has already taken action looking to this end, but
this can only partially relieve the great distress pre.
wailing. There is an imperative call for private aid. We
that out citizens will give freely.
•are
sure
There are
many among us always ready with open purse to render
aid to a deserving object, and an appeal to them will not
it should meet with
a
generous
response.
[Vol. XXXIV.
[From our own correspondent.!
London, Saturday, February 25, 1882.
The directors of the Bank of England have reduced their
minimum rate of discount from 6 to 5 per cent,
Bank return is not
so
downward movement
week in consequence.
favorable
as
although the
had been anticipated, and
might have been postponed until
a
next
A judicious course has, however, beea
the value of money in the open market was under
cent, and it is never desirable that so large a discrepancy
should be allowed to exist long between the two rates. Bat
the advance has fully answered the purpose for which it was
intended, and the arrivals of gold into this country have been
pursued,
as
5 per
considerable.
be in vain.
This week’s Bank return shows a further increase of
£468,000
expedition however is necessary. The need is in the
supply of bullion, and since the statement was made up
pressing. So pressing, indeed, that not only food and some additional important supplies have been sent in. The
-clothes, but money also ought to be sent to near-by points circulation of notes having been diminished by £206,085, the
in the South with which to buy these, so as to save the increase in the total reserve amounts to £669,092 ; but, owing to
time that would be needful to convey them by rail or a further increase of nearly £1,000,000 in the liabilities, the
"water.
The measures of relief that have already been proportion of the reserve to the liabilities is not more than
38*57 per cent. It is not expected that we shall hereafter receive
^undertaken, therefore, have not c®me any too soon. They
important supplies of gold from abroad, and consequently many
.should, however, be continued, and prosecuted with even believe that a five per «ent Bank rate will remain in operation
.greater vigor. A large section has lost everything, and for some time to come. Although the supply cf mercantile
will even need seed to crop the land with after the flood paper offering is very moderate, the open market rates of dis¬
count show no tendency at present to fall away, the quotation
rsubsides.
for three months’ bills being 4% to 4% per cent. The money
It should be remembered that this disaster is especially
market may be said, therefore, to have returned to the position
'distressing because of the short crops in the South last which existed previously to the crisis in Paris, and, as the state
^summer.
The cotton crop was largely deficient; but what of affairs in that city is now less seriously talked about, some
is even worse, the drouth which prevailed in the summer improvement is hoped for.
The principal drawback just now, however, is the state of
-completely destroyed all small grain and vegetables, so
domestic and foreign politics, respecting which some uneasiness
that the South has had to buy its food staples in large
prevails. Though there may be nothing at all serious in the
-quantities from the West and Northwest, and had a severe present condition of affairs, yet when business requires
strain put upon its resources.
It has not made any special encouragement, political uncertainties check any legitimate
•-appeal to us, but since it is certain that it needs help, that development. The past week has been one of great activity in
is all the more reason why we should extend it. Let then every department of business, but the want of z nimation has
the suffering communities be succored and their distress been more apparent on the Stock Exchange than in commercial
circles. Next week’s settlements here and in Paris will prob¬
alleviated.
ably be arranged without important difficulties manifesting
And while taking care of the present, let us also have
themselves; but as operators prefer to be secure, they are not
regard for the future. A recurrence of such a disaster likely to launch out until something definite is known. As far
^should be made impossible.
It has been ‘ frequently as the Stock Exchange is concerned, a better tone has mani¬
proved that the levees are not strong enough to resist fested itself since the reduction in the Bank rate.
Following the movement here, the Banks of France and
»the pressure brought to bear upon them.
They should
Belgium have reduced their rates of discount to 4/£ per cent.
be made so.
One difficulty appears to be that each
The weekly return of the Bank of France is more favorable,
county or parish builds its own levees in a way that there being both an increase in the supply of bullion and a
best suits its own convenience without regard to its decrease in the discounts and advances. This is important on
neighbors. Not only that, but the feelings of individual the eve of another “ liquidation ” on the Bourse, and seems to
property holders are sometimes considered too.
Thus show that there need to be no further serious apprehensions.
Since the reduction in the Bank rate the supply of bills in th«
'there is no uniformity in the work, and consequently it is
discount market has decidedly increased. From this it is not
weak and in cases useless.
But there are measures now before Congress intended to to be inferred that there is any larger quantity of mercantile
meet these defects in construction, and they deserve speedy paper in existence, but that bills which had been kept back
when a reduction in the Bank rate was regarded almost as a
•attention.
certainty, have came forward for negotiation. There has, in
been a fair demand for discount accommodation
g%%0ttetarBl Commercial gtigXistt Hears consequence,
during the last few days, and the market presents a firm
SATES OF EXCHANGE AT LONDON AND ON LONDON
appearance. There has also been a good inquiry for loans for
AT LATEST DATES.
short periods, and the Bank rate is charged, even on the best
EXCHANGE AT LONDON—Feb. 25.|
EXCHANGE ON LONDON.
security. An active demand for money for commercial
Latest
Rate.
Rate.
Time.
OnTime.
purposes is not likely to continue, for although there is a fair
Date.
degree of animation in mercantile circles, business is not con¬
Feb. 25 Short.
12-15
-Amsterdam. Short. 12,57e S12,61a
ducted upon principles which necessitate much or any pro*
Amsterdam J 3 nos. 123
@12*314
25-30
23-60 @25-65
Feb. 25 Short.
Antwerp
longed financial assistance. Failures have, however, been mow
20-40
20-70 @20-74
Feb. 25
Hamburg...
20-40
Feb. 25
Frankfort...
20-70 @20-74
numerous and more important of late ; but on the whole the
20-40
20-70 @20-74
Feb. 25
Berlin
condition is sound.
In the departments for breadstuff*
18-47 @18-50
Copenhagen.
237s@2114
13t.PetersD’g.
and
grocery
produce
a
considerable amount * of
Short. 25-45 @25-3154 Feb. *25 Short
25-26
Paris
28-30
3 mos. 20-52
Paris
@25-575a Feb. 25 Long.
depression
prevails,
but, on the other
hand, *
1200
12-15 @12,171a Feb. 25 Short.
Vienna
fair
business
is
passing in the leading manufacturing
"Trieste
12-15 @12-17ia
Madrid
45^8® 4538
markets, at somewhat improving prices. Politics are eviden J
■Cadiz
45c8@4538
Bilbao
451a@4538
exercising considerable influence, while the delay in the Frenc
Genoa
26-40
Feb! ‘ 25 Short.
26-85 @26-90
Treaty negotiations with this country causes some uncertain 7
Lisbon
5738®57j.i
Alexandria
Feb. 23 3 mos.
9514
to prevail.
It seems now to be concluded that there will be no
New York...
4 85
Feb. 25 Short.
60 d’ye
Is. 8d.
Feb. 25 4 mos.
Is. 87iftd.
treaty, but that goods will pass into each country at rat**
Bombay..
The followIs. 8d.
Is. 8«4a.
Calcutta....
Feb. 25
which the governments may be inclined to impose,
3s. 95gd.
Feb. 25
Hong Kong..
5s. l^d.
-Shanghai....
(Feb. 25
i g ar3 the present quotations for money:
Great
•
4
•
4
44
ii
44
u
U
»<
44
44
44
44
44
44
44
44
.
•
•mm
....
..
44
44
44
....
44
....
*
°§S and 60 daj»’ bills
.
Per een*.
Open-market rates—
Per tent.
5
Bank rate.
rWwm-market rates—
4 months’ hank bills
41s®488
6 months’ bank bills
4% 34%
4 <fe 6 months’ trade bills. 4%35%
„
Inconsequence of "the redaction in the Bank rate, the banks
discount houses have lowered their rate
deposits to the extent of one-half per cent, and
and
current are n.w as
follows :
Joint-stock banks
piacoimt houses ^
notice of withdrawal
of interest for
the quotations
p<#. em(
** **
4%
Gold has been arriving in moderate quantities from abroad,
and there being scarcely any export demand, there has been a
fair accumulation at the Bank. The silver market during the
week has been dull, and the quotation has had a downward
een
281
CHRONICLE.
THE
^/Mabch 11, 1882.)
decline in value. The deliveries of British fanners continue to*
fall off, and there will now probably be a perceptible decline.
The weather has continued very mild and dry, but there seems
to be indications of change, ana some atmospheric disturbances
are predicted. We have had, however, one of the most remarkable winters known. There has been scarcely any frost, and no
snow south of the Humber.
Vegetation is in a forward state in
consequence, bat it is not sufficiently advanced to lead to any
,
apprehensions of damage from late frosts.
During the week ended Feb. 18 the sales oi.home-grown wheat
in the 150 principal markets of England and Wales amounted
to 43,503 quarters, against 26,484 quarters last year and 34,530
quarters in 1880; while it is computed that they were in the wholekingdom 174,000 quarters, against 106,000 quarters and 138,120
quarters in the two previous years. Since harvest the sales in the
150 principal markets have amounted to 1,171,554 quarters,
against 982,108 quarters and 802,343 quarters; the estimate for
For Mexican dollars scarcely any inquiry exists. the whole kingdom being 4,686,220 quarters, against 3,932,500
quarters in the corresponding period of last season and 3,246,600’
India Council bills were disposed of on Wednesday at Is. 8d. the
uarters in 1879-80. Without reckoning the supplies of producerupee. The following prices of bullion are from Messrs. Pixley 2umished ex-granary at the commencement of the season, it
is estimated that the following quantities of wheat and flour
& Abell’s circular:
d.
8.
d.
GOL».
have been placed on the British markets since harvest. The
77 10 9
Bar gold, fin©
p©r #z. standard. 77
visible supply of wheat in the United States is also given :
11%®
Bar
tendency.
s.
gold, coutain’g 20 dwts.
Spanish doubloons .
South American doubloons
United States gold coin
German
silver
..
standard.
per oz.
i. -. -per oz.
per oz.
per oz
gold coin
d.
SILVER.
Bar silver,
Bar silver,
poroz. standard. 52
fine
contain’g 5 grs. gold
per oz.
Cake silver
Mexican dollars
Chilian dollars
d.
9
*
....
9 ....
peroz
Discount, 3 per cent.
Quicksilver, £6 Os. Od.9£6 5s. Od.
Annexed is a statement showing the present position of the
1878-9.
6,688,404
3,952,577
5,716,719
20,307,000 17,041,000 14,068,500 24,725,570
produce
Total
Deduct
exports
standard 52% 9
peroz. 56*8 9>
peroz. 50% 9
*
~
1879-80.
28,897,658 32,572,995 24,303,326
Imports of wheat, cwt. 29,899,941
Imports of flour
4,023,949
Sales of home-grown
“
9
.per oz
1880-1.
1881-2.
73 1G%®
73 9 0
76 3%3
wheat and flour
54,230,890 52,627,067
of
538,635
723,349
HP Result
:
53,692,255
Av’ge price of English
wheat for season (qr).
47s. Id.
52,358,214 52,981,473
623,370
993,427
51,898,713
51,734,844
51,988,046
42s. 7d,
47s. Id.
40s. 6d.
in Unit’d
States...bush.20,100,000 27,200,000
Visible supply
28,180,000 20,717,000’
discount, the price of consols,
The following return shows the extent of the imports and
wheat, the price of middling
exports
of grain into and from the United Kingdom during
upland cotton, and of No. 40 mule twist, fair 2d quality, and the
Bankers’ Clearing House return, compared with the three pre¬ the first twenty-six weeks of the season, compared with
the corresponding period in the three previous years :
vious
Bank of England, the Bank rate of
the average quotation for English
years:
1881.
1880.
1879
&
£*
£
£
24,532,660
8,664,835
Circulation
Public
1882.
deposits
8,086.324
25,576,015
14,831,808 16,482,993
20,681,280 18,423,968
28,710,062
14,688,528
22,766,474
17,077,872
17,756,467
24,197,181
both departments.. 21,200,220
Proportion of reserve
27,678,783 28,306,306 32,140,932
38-57
5 p. c.
Eng. wheat, av. price
Mid. Upland cotton..
following
Paris
Berlin
....
....
100%d.
42s. 3d.
67i«d.
6%d.
••••
Amsterdam..,
10%d.
93,274,000
V%d’.
38$:
98*8
Is.
93,220,000
market.
Pr. ct.
4%
5
3%
3%
3%
3%
4%
••••
5
Bank
rate.
Pr. ct.
Open
rate.
Pr. ct.
Frankfort....
Hamburg
43s. Id.
47-91
3 p. c.
9638
37s. 7d.
71,526.000
the current rates of discount at the leading
are
Bank
t
15-19
3 p. c.
49-78
Brussels
4%
Open
market.
Pr. et.
4%
Madrid and other
Spanish cities.
Vienna
St. Petersburg
.
..
.
5
4
6
1880-1.
Peas
Beans
Indian
5
3%
6%
The traffic
1878-9.
1879-80.
28,897,658 32,572,995 24.303,326
7,391,094
7,379,179
8,777,954 6,364,532
1,576,300
5,161,242 1 7,405,372
5,801,355
1,325,383
1,223,847
827,145
894,478
629,234
862,192
1,137,194
1,502,613
11,297,023 16,480,958 11,102,188 14,266,465
6,688,404
4,023,949
5,716,719
3,952,577
cwt.29,899,941
Wheat
Barley
Oats
corn
Flour
46s. Od.
Clearing-House ret’n.111,565,000
The
17,419,633
3 p. c.
99%d.
10%d.
No. 40 mule twist
I
29,384,465
Other deposits
23,315,438
Governing securities. 13,130,343
Other securities
24,651,558
Res’ve of notes & coin 12,417,560
Coin and bullion in
to liabilities
Bank rate
Consols
i
1
i
25,259,150 26,305.410
8,232,748
10,573,440
IMPORTS.
1881-2.
EXPORTS.
Bariev
Oats
Peas
Bean’s
Indian corn
Flour
946,771
76,145
52,323
9,810'
5,408
262,333
46,696
559,663
12,958
54,688
75,022
21,236
511,385
63,707
662,690
23,636
384,555
48,250
20,042
163,995
65,659
475,291
43,941
422,071
39,962
17,411
70,898
63,344
cwt.
Wheat
Farmers in the Fylde are now selling large quantities of
potatoes for shipment to America. The principal buyers are
paying 4s. per load for them, which is only 6d. to 9d. less than
can be obtained from the Preston dealers, the nearest market.
As the London & Northwestern Railway Company, whose line
runs through great part of the districts named, charge 8s. to
9s. per ton for the conveyance of potatoes thence to Liverpool*
they are first taken to Fleetwood, whence they are sent by sea
to Liverpool, and there shipped for New York—the transit
from Fleetwood to Liverpool by water costing only 5s. per ton.
In America, it is stated, the potatoes realize about double the
price paid for them here, which, after deducting freightage*,
still leaves a very fair profit. It is expected that this trade will,
increase, and that cargoes of potatoes will be taken in larger
vessels direct from Fleetwood to New York and other American
ports. The railway company have been asked to reduce their
rate of carriage, but have refused to comply with the request,
receipts of railways in the United Kingdom since
amounted to £6,514,371,
against £6,043,560, showing an^increase of £470,811, or 7*79 per
cent.
On the three principle Scotch lines, since February 1,
they have been £349,097, against £331,480, being an increase of
£17,617, or 5*31 per cent.
The number of bills of sale published in England and Wales
-for the week ending
English Market Reports—Per Cable.
February 18 was 1,028. The number in
the
The daily closing quotations for securities, &c., at London
corresponding week of last year was 992, showing an
increase of 36, being a net decrease in 1882, to date, of 74. and for breadstuffs and provisions at Liverpool, are reported
The number published in Ireland for the same week was 34. by cable as follows for the week ending March 10:
The number In the corresponding
Thurs.
Fri.
Tues.
Wed.
week of last year was 44,
Mon.
Sat.
London.
showing a decrease of 10, being a net decrease in 1882, to date,
51%
51%
5H5ie
d. 52
80. The number of failures in England and Wales gazetted Silver, per oz
1005le IOO&16 1009i6 1001316 lOOiiie lOOHi*.
Consols for money
for account
lOOiije lOOiiie 1001&16 10Ui6 100l5lfi 100i5l6.
during the week ending Saturday, February 18, was 232. The Consols
84-12% 84-10
84-07% 84-25
Fr’ch rentes (in Paris) fr. 84-07% 84-00
number in the corresponding week of last year was 264, U. S. 5s ext’n’d into3%s 103% 103% 103% 103% 103% 103%
119%
119%
119%
119%
119%
119%
8. 4%sof 1891
120
120%
120%
showing a decrease of 32, being a total decrease in 1882, to U.
120
120
120
U. S. 4s of 1907
37%
36%
35%
37%
33%
383s
date, of 234. Erie, common stock
138%
137%
137
137
136%
Illinois Central
A prospectus has been issued of the Manitoba Land Com¬ Ponnuvlvfl.nift
*62’“’
61%
61%
the commencement of the year have
.
pany, limited, the capital of the undertaking being £200,000, in
£10 shares. The first issue is to consist of 10,000 shares, being
onc-half.
The object
qf the company is to buy land in Mani¬
toba and the North
westTerritory of the Dominion of Canada.
The wheat trade continues very dull, and prices are gradually
receding. Increasing shipments from the United States, a large
supply of wheat and flour afloat, amounting to 3,034,000 quarand favorable weather for agricultural work, induce mill¬
ers to operate with the greatest caution,and the quotations have
juwconsequence
a strong downward tendency. California wheat
been somewhat
pressed forjaale, and exhibits the heaviest
Philadelphia & Reading.
New York
Central
30%
134%
Sat.
Liverpool.
30
135
Mon.
30%
134%
Tues.
29%
134%
Wed.
29%
134
Thurs.
29%
134%
Fri.
s.
d.
8.
d.
13
10
9
2
13
10
9
1
10
10 5
10 5
9
9 7
9 7,
9 9
9 9
5 11% 5 11% 6
5
5
11%
11%
Corn, mix., West.
“
76
76 0
76 0
Pork, West, mess..# bbi. 76 0; 76 0
44
45 0
45 0
45 0
Baoon, long clear, new.. 45 0
75
75 0
Beef, pr. mess, new,#tc. 78 0 78 0 75 0 52 0 52
53 0
53 9
Lard, prime West. # cwt. 54 0
61
62 6
63 6
63 6
Cheese, Am. choice, new 63 6
5
7
0
.6
0%r
0
74
0
61
O
/?.
d.
State.. 100 lb. 13 9
10 3
Wheat, No. 1, wh.
“
10 0
Spring, No. 2...
“
10 7
Winter, West., n
“
Flonr (ex.
Cal. white
“
d.
9
10 3
10 0
10 6
8.
8.
13
13
10
d.
9
2
8.
13
10
d.
9
2
6
0
6
C
CHRONICLE.
THE
28 :i
©onxmivvcialand miscellaneousiHt'voG.
National Banks.—l'ho
organized
following national banks have been
:
2,641.—Tin* First National Bank of Provo, Utah Terr:low. Capital,
#50.000. A. O. iSmoot, President; Wilson II. Duscnbeny,
Cashier.
.
2,612.—Tin- 8 mrsport National Bank, Srarsport, Mo. Capital, $5'\090.
James (t. Pendl ton. President; Chari. s F. Gordon, Cashier
2,643.—The City Nat'o.ial Hank oi South Not walk, C«mn. Capital.
$100,003. Robert it. Rowan, President; Jacob M. L yton.
Cashier.
2,644—The First National Rink of Newton, Iowa. Cupit d. $50,000.
Frank T. Campbell, President ; Chester Si uinaiter, Cashier.
Imports and Exports fop. the Week.—The imports or last
and
fvoL. xx): iv.
amounting to $650,000, may have them renewed for thirty
years at 5 per cent, interest-, upon presentation at the office of
the company at any time prior to April 1 next, whmi a contiaet
for renewal will be
to renew
cipal
on
stamped upon them, and a sheet of 5 per
Any bondholder who does not desire
upon the above terms can receive the prin¬
.attached.
cent, coupons
his bond
demand.
Trunk Lino Ratos.—The joint executive committee of the
trunk lines on March 3 advanced rim rates on east-bound freight
from Chicago to New York, as follows, to take effect March 13:
For all merchandise in the seventh'class, 30 cents per 100 lbs.*
eighth (lass, 25 cents per 100 lbs.; ninth class, 35 cei-ts per 100
Ib’L; live hogs. 30 cents per 100 lbs.; dressed hogs, 40 cents per
100 ibs
in ordinary cars, and 45 cents in refrigerator cars.
week, compared with those of the preceding week, show
—The
a decrease in dry goods and an increase in general, merchandise.
publishers of the Chronicle acknowledge the receipt
fmm th-> publishers in London, ot‘ Buiidett’s Official Intelli¬
The total imports were #10.912,1)77, against $11,175,252 tn-s pre¬
ceding week and #9,547.904 two weeks previous. 'Die exports gence for 1882. This is a large volume of more than 850 pages,
for the week ended March 7 amounted to $6,076,353, against eompri-iug a carefully compiled summary of infoiination
$5,965,154 last week and #6,611,935 two weeks previous. The regarding British, American and foreign htocks,' corporation,
following are the imports at New York for the week ending colonial and provincial government securities, rail wavs, hanks,
(for dry goods) March 2 and for the week ending (for genera canals, docks, gas, insurance, land, mines, shipping, telegraphs,
merchandise) March 3; also totals since the beginning of first tramways, water works and other commercial, financial and
industrial companies known to the London market and dealt in
week in January :
n the principal exchanges.
FORPITOV 1MPORTS AT VOW YORK
It is compiled by Henry 0. Burdetr,
if.
8.
Fee
ret
ary,
Share
S
and L« an Department of the
1,-82
l;-,.
188U.
For Week.
1879.
London Stock Exchange.
The London Times says; “We
,
'
,
considered the moat
subject with which it
Total
$7,937.06. > $13,87 8,0 16 $; 0,243,513 $10,912.377 d«-a!s, and iVcauuot fail to be of great value to stock brokers,
financiers and the public generally.’’ It is for sale by E. CuuchSince Jan. 1.
28,930,517 m&u & Co., 14 Throgmorton Street, London.
$1 8.577.082 $26.106 45r, $23,21 3.78 !
Dry goods
4 7,232.50 1
57.092 39*1
5S.4U.518
Geu’l mer’dise..
34,959,3 -5
—Messrs Jarvis, Conklin & Co., brokets in Kansas City, Mo.,
•*7 )4 16.288
±87 372.030
Total 9 weeks $53.53(5.167 4 8 M"8 8.v>
give notice in the advertising columns of the Chronicle that
In our report of the dry goods trade will be found the impor.s limy can make good investments on real estate mortgages
secured on improved farms in Kansas or Missouri, and bearing
of dry goods for one week later.
Dry goods
Gen’i mer’dise..
$3,025,5 18
4,911,515
$5,032.3' >7
8,8 15,753
.-3,5 72 4 )2
7,3 to 575
$3.95 \942
6.312,571
bedove this book may failly claim to be
e\!iu isfcive volume yet. published on the
interest. They also deal in county and town¬
ship bonds, bearing 6 t> 8 per cent interest. They refer, by
permission, to many pr uniaent business houses in ditFerenfc
parts of the United S ates, and parties wishing to invest on
EXPORTS FROM NEW YORK FOR TUP, WEEK.
mortgage might find a correspondence with this firm advan¬
J o82
18sl.
1879.
1880.
tage; ms to them.
n
—The
Guarantee
Company
of North America makes its ninth
$6.07
For the week...
6,353
$8,921,297
$7,775,954
$6,314,611
Prev. reported..
58,t 2 295
51,2 53,210 annual report, showing that there were 5,737 new applications
47,745,114
49,319,631
during 1881, and on these 5,075 bonds for $4,725,985 were
Total 9 weeks *55,664.242 $55,521,068 $67,393,59 2 $57,929,563
actually issued, on which the annual premiums amount to
The following table shows the exports and imports of specie $36,784. The total business in force Dec. 31, 1881, was 7,154
af. the port of New York for the week ending March 4, and b inds covering $8,406,625, on which the annual premiums are
since Jan. J, 15S2 :
$70,334.
The company appears to be doing a safe and
EXPORTS AND IMPORTS OP SPECIE AT NEW YORK.
prosperous business, and all parties interested should get a
copy of the report—see card in advertising columns.
The following is a. statement of
the exports (exclusive of
specie) from the port of New York to foreign ports for thweek ending March 7, and from January 1 to date :
Imports.
Exports.
■
—Attention is called to the
Gold.
Week.
Great Britain
Since Jan. 1.
$2,250,009
■
$8,852,298
Since Jan. 1.
Week.
$.:....
$100,131
150.090
Germany
West Indies
Mexico
South America
All other countr ies
95*6*0*6
35,0*00
101*7
8 419
39 / 3 #
16.700
15th.
$311,778
4.800,670
841,619
$9,113 998
$1 2,186
250
78,187
780,810
I6,21u
1,124.200
$197,090
$1,887,743
$11,193
286.600
3,000
86*
Silver.
Great Britain
France
19,(00
Germany
3,539
35,501
1,300
West Indies
Mexico
South America
All other countries
Total 1882
Total 188L
Total 1880
8.759
$216,600
183.077
232,624
$2,177,343
1,970.817
1.305,075
—The Deadwood-Terra Gold
63.461
4.' '35
$2,285,00d
dividend
Mining Company of Dokotahas
a
—The usual $75,000 dividend for the month of February has
been declared by the Ontario Silver Mining Company, payable
at Wells Fargo & Co’s on the 15th inst.
.
BANKING AND FINANCIAL.
93,300
ANN O U.S’CE tl E N T.
106, i>71
19,365
4,684
$40 310
$296,082
8 732
11.593
571.230
1.026.0 72
publish to-day our “ MEMORANDA CONCERNING
Wo
MENT BONDS,”
Its
containing information valuable to all investors.
Government Bonds,
State Bonds,
The Debts of
Foreign Countries,
week:
Rutgers Fire Ins
Stnyvesant Fire ins....133
80 Pacific Fire Ins
1997a
Marine National Bk
140
Nat. Bk. of Commerce. 118^3
Home Ins
147
Bank of the Republic.. 137*2
East’n Transport’ll..HOkstfol
8 N.Y & Host. Ins., ex-div. 22^2
2.135 At.&Gt.W. Petrol’m for $200
Bonds.
9
2
10
15
30
$12,000 Pittsb. Ft. Wayne. &
Chic. RK. 7s, construction,
due 1887
10,000 County of N.
102%
Y. 6s,
consol, gold stock, rey.,
due 1901
127% & int.
10.000 Chic. Bur. & Quincy
RR. 7s. duo 1890
115 ^
Stock Dealings.
Bonds.
$15,000 Donglau Co.. Kan. 7s,
Jan. 1. 1875. coupons on. 79*3
1,' 00 Scioto & Hocking Val.
RR. 7s, bond, due 1888... 95*3
l,00u City of B’kl.vn Public
Park loan 7s, duo 1915,
140 & Int.
150
Howard Fire Ins
lOG1^
Mecli. & Trad. Fire Ins.145
2,000 City of Brooklyn 6s,
water loan, duo *91.115*2 & iut.
10,000 County of New York
Soldiers’ Bounty Fund 6s.
due 1885
clue 1887
110 & int.
26,o00 County of New York
Soldiers’ Bounty Fund 6s,
due 18J0
lll1^ & int.
2.000 New York County Ac¬
cumulated Debt 7s, due
1885
1095s A int.
500 City of New York 6s.
126 & int.
New York
Cent. Park fund Gs, stock,
114 & int.
Heading & Columbia.—Notice is given that holders of the
first mortgage bonds of the above company, maturing March 1,
Compendium of the Published Returns of the Census
and Notes
To anyone
our
of 1880,
Gold and Silver,
to
be obtained by application
desiring to make investments, wo shall take pleasure
sending this book, free of oharge; or it can
at
on
office.
We continue to
buy and sell Government Bonds in large or
amounts, without charge for
Commission,
counts, subject to cheek at sight,
balances
allowing 3 per cent,
small
It ac¬
We receive depo
interest ea
averaging over $1,000 a month.
stock, duo
1,000 City of
due. 1S87
A
..106% & int.
£0,000 County of New York
Soldiers’ Bounty Fund 6s,
consol, water
1902
GOVERN¬
principal contents aro memoranda concerning
exports for the same time $2.285,000 were American gold coin.
Messrs. A. H. Muller & Sun sold the following at auction this
Shares.
N. Y. Society Library ..SlOio
Joliet & Chicago Kit.. ,lo8
Ft. W. & Jack. RK. prf. 41
American Exch. Bk
125
Hamilton Fire Ins
121
Continental File Ins...227*0
ice of
dividend of $30,000 for February, payable at Wells
Fargo & Co.’s, on the 20th inst. Transfer books close on the
Of the above imports for the week in 1882, $3,860 were
American gold coin and #7,949 American silver coin. Of the
1
100
146
15
66
10
120
2o
20
40
no
April 15, 1882.
declared
Total 1881
Total 1880
semi-annual
Dubuque & Sioux City Railroad Company, of 3 pr.r cent,
payable at the office of Messrs.. Jesup Pa ton & Co., this city,
the
15
75,433
Total 1882
1
7 to 8 per cent
We do a General Commission business in all Stocks
and Bonds dealt
in at the Stock Exchange.
FISK &
HATCH,
5 Nassau Street,
New
York.
283
THE CHRONICLE,
1883J
jr ‘March 11,
In domestic bills No v
(Gazette.
T*he ^Bankers7
B
Tfio
I) E N D
S'
J
have recently been fimoiuioftil:
following dividends
Xante of
I V I
Company.
Per
When
Hooks Closed.
cent.
Payable
(Days inclusive.)
folio as at the
York exchange was quoted
places named
Savannah, buying, %, selling,
:
Ofiicngo A:
N. West'll pref.
(quar.).
SUP. Minn. & (). pref. (quar.).
Dubuque <A si mix City
K. Y. C< ntrnl & Iludsmi (quar.) ..
New York Sc Jlailem (city line)...
Southwestern Pennsylvania
Chic.
Union
Pacific (quar.)
1*1
Mar.
28 Mar. 1G to Mar. CO
J
Apr.
Apr.
Apr.
Apr.
20 April
15
%
3
‘j
O
1 to
of leading bankers :
prices being the posted rates
1%
Apr.
Prime bankers’ sterling1
Prime commercial
15
1
Documentary commercial
Chemical National
Miscellaneous,
Western Union Tel. Co. (qnar.)...
YOKli,
NEW
The Money
l
4
Apr.
Frankfort
or
riremeu
(reiehmarksl
lS'YA-S 1\ M.
favorable circumstances, the stock market lias still shown
great depression. It was t hought last week that the lowest
prices had been reached, but we remarked then that it had
seldom happened that a recovery took place from such a serious
downward movement, without many reactions in the course
of prices.
By the active efforts made to keep the market
down, as shown in part by the innumerable rumors put afloat
without any foundation, it is evident that the “ bear,7 influ¬
ence lias been heavy, and has had much to do with the con¬
tinued depression. In the meantime, the reports of railroad
earnings are large—in fact, compared with the small receipts at
this time in 1881, they are very large—and the general outlook
for business activity is good.
The report of railroad earnings
for February and for the first two months df the current
year will be found on another page.
It is evident that the liquidation which has taken place at the
Stock Exchange has been of immense volume, and it is a fair
conclusion that on the lower range of values, stocks have passed
into stronger hands, <and that the general market will be in a far
less assailable condition, when the present flurry is over, than it
lias been at any time in the past six months.
The money market, notwithstanding the poor bank statement
of March 4, has been decidedly easier than last week, and
stock borrowers have usually paid 5@6 per cent for loans,
while government bond dealers have paid 3 to 3% per cent;
prime commercial paper is quoted at 5%@6 per cent.
The Bank of England on Thursday showed a gain in the
weekly statement of £512,000 in specie, and the percentage of
reserve was 40 3-16, against 37 11-16 the previous week ; the dis¬
4 04 87
04 844
404 8 t
5 20
'a)o 174
40
<v
40 4
9t%0 95
4 834 04 904
4 *8
-a>4 884
4 87404 88
5 164#5 134
4040 40 4
95 4 0
954
government securities, and prices have exhibited rather a
stronger tendency. It is reported that Secretary Folger will
soon cal! for another $20,000,000 of bonds.
.Market and Financial Situation.—-The money
market. lias relaxed this week, foreign exchange has declined,
and the exports of specie have been checked ; but in spire of
4 85
4 ft 4
4 83
Demand.
has been a good business in
United States Bonds.—There
15 Mar. 10 to April 16
FRIDAY, MARCH 10,
;
Amsterdam (guilders)
1
dem.
On
bills on London.
Paris (franc.-)
BCa nks.
15
S:xly Days.
March 10.
April CO
4
%
(a)}s ; Charleston, buying, % id) 3-16 prem., selling, % prem.; New
Orleans, commercial, 100(d)125 prem.; bank, 250 prem.; Chi¬
cago, 50@75 prem.; Boston, 20@25 discount.
Quotations for foreign exchange are as follows, the outside
s
ISailroadiK.
to-day as
closing prices at the New
The
York Board have been as
follows:
these
Os, continued at 3 4-4, continued at 34- •
rog.
44s, 1891
14s, 1891
coup.
Is. 1907
is,
1907
6s, cm’ey,
Os.
Interest
Mch.
Periods.
4
J.
Os. our’ey.
*
Mch.
8.
Mch.
0.
Mch.
10.
100*1 *100*4 *1000* *100% *100%
*102
1924 102 4 *1024 102% 1024
*11.3 4 *113% *113%
Q.- Mar. 1 13% 1154 '1134
O.-Mar. *1 130s *1 *3% *113 Sr *1134 *113% *11334
*
\ 17
1174 *117
*1174 *1174
veer. (i.-Jaii. *117
1 Us 4 *118
1184 *1184
118
118
coup. Q. Jan.
*
*125
*125
*125
*126
*125
1835..leg. J. A J. * 12 5
*126
*126
1 27
*126
*126
1890.. reg. J. & J. 126
*127
*127
*128
*127
‘127
J. & J. 4 27
4.14b.
*
*
’ey,
6s, enr’ey, 1897.. rear.
Or, eur’ey, 1898..reg. J.
cm
A: J. MOO 4
Mch.
7.
Mch
6.
1899..reg.
*Tfiis is tlio price
J.
& J.
<te
*
128
J. *129
*128
429
bid at the morning
*129
*130
*123
*129
*123
*129
*128
*129
board; no sale was made.
Bonds.—The Tennessee bonds have been
very weak, and their prices have broken down to the lowest point
reached since the late adverse decision of the Supreme Court.
The uncertainty as to the course of events in the State and the
mere fact that some new adjustment is made necessary, is quite
sufficient to account for the discouragement of holders.
Louis¬
iana bonds are neglected, and for some time past New Orleans
holders have rather been sellers than buyers.
Railr. ad bonds of the speculative sort, embracing all those
which are carried on margins and fluctuate with their respective
stocks, have been depressed. The Erie second consolidated led
the list in point of activity, and were sold down to 91% on
Thursday, recovering sharply and selling to-day at 94% and
closing at 93%. A prominent operator is credited with the chief
attack on these bonds, and the same party was supposed to have
thrown overboard a large amount of them when cramped in the
,
State and Railroad
panic of May, 1880.
Stocks.—The course of the
unquestionably been a disappointment to many
holders, who thought that the lowest prie s had been reached
last week.
It certainly appeared as if ther^ was every prospect
of a recovery, and as if the material used by the bears had been
count rate was reduced from 5 to 4 percent.
The Bank of nearly exhausted; but, on the contiary, their attacks were again
renewed, and prices in some cases yielded still further. The
France gained 0,250,000 francs gold and 217,500 francs silver.
failure of Charles A. Sweet & Co. in Boston was made the most
The last statement of the New York
Clearing-House
Railroad
and Miscellaneous
stock market has
City
of, although it appears to have had no general significance, and
banks, issued March 4, showed a further increase of $1,184,975 the firm, as now reported, will probably pay dollar for dollar.
in their deficiency below the legal requirement, the total Then the Louisville & Nashville $10,000,000 loan negotiation was
pending for a few days, until finally settled on Thursday, and
deficency being $2,618,050, against $1,433,075 on Feb. 25.
this gave an opportunity for circulating rumors of its failure.
The following table shows the changes from the previous week
In ordinary times these matters, and the various other rumors of
and a comparison with the two preceding years:
financial embarrassments in one direction or another, would
have had no weight, but coining at a time when holders of stocks
U 80
1881.
were already demoralized by the heavy decline which had taken
1882.
Differ nccs fr’m
March 5.
March 6.
March 4.
previous week.
place, they had more effect, and induced further sales of stock
by timid holders. The market to-day was stronger, but rather
Loans and dis. $320.677.80U Dec $4,357,100 $293,435,400 $297,135,500
13.289,200
58.055,000
2L,0O2.D)o
271.483,400
12.130.400
Reserve field.
$72,063,450 Dec.$1,779.125
70,050 400 Deo 2,904,100
$08,610,650
68,183,300
$67,870,850
70.185.400
Surplus
*$2.618,050|Dec.$l,184.975
*$427,350
$2,314,550
53.279.300 Dec. 2,474.000
Bpeoic
Circulation...
Net deposits
.
Legal tenders.
Legal reserve.
40,500
20.026.200 Dec.
290.673,800 Dec. 7,110.500
490.100
16.770,600 Dec.
54,804,100
) 5,448,500
271.442.600
feverish and unsettled.
The annual reports
for 1881 now coming out are generally
good, and the Pennsylvania Railroad, Union Pacific and St.
Louis & San Francisco, published this week, all make a hand¬
some
exhibit.
the quarterly dividend on Denver &
passed, but from the opinions of the
President and influential directors, it is supposed that it will be.
Deficit.
Of the Louie ville & Nashville loan the Evening Post to-day
Exchange.—There has been much more activity than usual in says: “The subscriptions to the $10,000,000 new bonds of the
foreign exchange, and the larger supply of bankers7 bills lead8 Louisville & Nashville Railroad Company were formally com¬
These bonds run forty years, bear 6 per
to the conclusion that securities have been shipped in one form pleted last evening.
cent, interest, principal and interest payable in gold, are secured
or another.
The rates on actual transactions are below the
(1) by the pledge of bonds and stocks of various roads owned by
usual specie shipping point, but nevertheless it is reported that the Louisville & Nashville as before mentioned in this column;
$750,000 is engaged for the Germanic, which sails to-morrow. these roads are of great value to the Louis ville & Nashville
Some of the leading bankers have not reduced their posted system, and several of them are already earning dividends on
their share capital; (2) by a mortgage to follow the general
rates to correspond with the easier tone of the market, and there
mortgage; and (3) bv a sinking fund sufficient to extinguish the
is considerable difference in the
range of quotations.
To-day, whole issue of bonds by the time of maturity. The company
on actual
business, the rates for prime bankers7 60 days7 sterling will receive the cash for the bonds sold as needed to meet ma¬
bills were about 4 S5%(3)4 85%, and demand bills, 4 89%@4 89%. turing floating debt and to defray the cost of road now
under construction. This is a final settlement ot all the diffiThe actual rates for Continental bills are as follows: Francs,
cuhies of this company, and it removes from the general situa¬
5 13%@5
14% anq 5 is%@5 ig3£ . marks, 5 94%(S5 94% and tion what has been a seriously disturbing element. The new
bonds ought to be a good investment security.”
95/2@95%, and guilders. 40%@4054.
*
It is not yet certain that
Rio Grande stock will be
THE CHRONICLE.
•284
RANGE IN PRICES AT THE N. Y. STOCK EXCHANGE
DAILY
STOCKS.
4.
March
RAILROADS.
Albany A Susquehanna
Boston A N. Y. Air-Line
Canada Southern
Cedar Falls A Minnesota
Central Iowa
Central of New Jersey
Central Paeilic
Charlotte Columbia A Augusta
Chesapeake A Ohio
65%
47 %
*23
4634
48
90 34
34
92%
89%
893*
*21%
West.
Denver A Rio Grande
Dubuque A Sioux City
Sast Tennessee Va. <£.
met..
Paul.
Do
pref
Houston A Texas Central
Illinois Central
Indiana Bloom’n A West., new.
Keokuk A Des Moines
Do
pref
Lake Erie A Western
Lake Shore
64
65%
47%
Louisiana A Missouri River....
Louisville A Nashville
Louisville New Albany A Chic.
Manhattan
131
131
111
10D34
122% 122%
20 %
21
21%
20
122
130% 131%
140
141%
1423* 1427h
130
73
131%
*08
73
48
48
77%
78%
*77%
77
9%
9%
10
1134
12%
19
20
11%
1834
*90
82
*63
*90
85%
87%
11%
18%
12
19%
40
31
114
78
70
5534
80%
70
75
68
6534
94%
60
62%
90
91
82%
60
30%
31%
..
48%
32%
70%
2034
pref
Ohio Central
Ohio A Mississippi
32
483,
32%
7178
2078
32%
Oregon A Trans-Continental...
Panama, Trust Co. certificates.
38
Rensselaer A Saratoga
Rich. A Allegli., stock trust ctfs.
Richmond A Danville
Richmond A West Point
Rochester A Pittsburg
Rome Watertown A Ogdensb’g
St. Louis Alton A Terre Haute.
pref.
Do
58% 59
134% 134%
23%
136
24
140
3134
31
31 %
31%
82
*77
St. Louis A San Francisco
20%
19%
30
28
21
20
29
21
20
29
23
68
47
45
45%
79
76%
77
75
9%
9%
10
16%
pref.
pref
75
St. Paul Minneap. A Manitoba.
Texas A Pacific
•.
Toledo Delphos A Burlington ..
Union Pacific
Wabash St. Louis A Pacific
pref.
MI8CELLANEO US.
American District Telegraph
Colorado Coal A Iron
Delaware A Hudson Canal
New York A Texas Land
Oregon Railway A Nav. Co
Pacific Mail
Do
Pullman Palace Car
Sutro Tunnel
West.Union Tel., ex-certificates
United States
9%
9%
83
120
11%
16%
9
*90
10
79
82
136
73%
Quicksilver Mining
pref
Standard Consol. Mining
Do
Cameron Coal
Central Arizona Mining
Deadwood Mining
Excelsior Mining
New Central Coal
76%
65
10%
18
10 7e
18
are
400
11,800
10,255
2,200
97ft
5,450
100
200
Jan.
6 i33
32% Jan.
6 70% Feb.
3 39% Jan.
23 85% Feb.
23 56% Jan.
Jan.
18 21
7 37% Jan.
9 97 % Feb.
23 94% Jan.
6 75% Feb.
23 120
133% 134 "
36
37%
27%
16%
1,100
8
90
10,240
76
300
62
11278 114
16
72
61
67%
73%
52%
51%
93
a2
53
92
31
30%
30
*29
61%
31
11
6
54
29%
11
6
50
6
47
89
79
6
52
81%
19
*
29%
93%
35%
75
169
23
42%
10
6
49
60
90
80%
42%
19
60
A
30%
94%
28%
927ft
64
132
106
29%
94%
25
25
122
122
66
66
22
122
54
130
106
*104
34
35% 36%
67
72% 73
169
169
*167
22
23
23%
37%
76%
169
24
22
120
22
130
140
140
120
135
31
31
130% 131%
34%
70%
*165
23
35%
70%
22%
67%
70
18
19
18
31%
28%
15%
30%
15%
29%
18%
30%
62
62
61
64
190
25%
56%
28%
57%
25%
56
136
176
48%
69%
18%
707^
19%
*17
64
11,215
25%
27%
55
135
57
136
31
30%
*28
32
38%
48%
90
•
22
135
20
121
22
122
144
31%
30%
30%
29
20%
60
34%
43
24
27
70
37
47
73
37%
48%
87
87%
'
17
118
115
30
36
21%
62
35
46
44
63
20%
19%
121
38% 40%
28%
107% 107%
*40
134
41
43
134
41%
126% 126%
78%
79%
'126
146
9278
743*
128
41%
106% 106%
39%
*39
129
40%
126
%
77%
46
40
47
45
45
40%
39%
40%
105% 106%
105
106
43
130
40%
126
%
78%
39
40%
40%
128 * *123% 126
%
%
77% 79
767ft 78%
40%
*124
143
92
*74
126
143
92
75
126
*142
92%
93%
75
*31
33
*29
32
17%
35%
15%
*35%
17
35%
*11
*58
*11
69
12%
11%
61
59
59~
*16%
16%
30
*1
*5%
1%
1%
6%
1%
93%
74
128
17%
*35%
15%
30%
72%
143
*126
1%
12%
]43
*92
127
30%
19%
1%
20
144
*74
127
30%
19%
*1%
*18%
*1%
3 7q
17
31
5,520
27
200
15
60
2,800
200
......
8,450
27%
57%
136
54,500
230
1,600 115
31
30%
31
25
24
247^
64%
62
64
35
46
'
.
.
.
.
.
46%
47
55
33
57
40
39
105
3178
56
57%
43
40%
43
43
39%
40%
106%
105
106%
40
128
40
128
128
39
39%
39%
123% 123%
3,
76%
124
77%
*140
*92
73
128
146
30
*18
30
19
73
128
'
142
93
■
74%
*73
126
128
30
30
*17%
*1%
18%
17
*15
*35
16
36
*15
17
36
*35%
34% Mar.
8
2,275
43
8
60
*11%
12%
*57
60
11%
*14%
*11
11%
A
2,220
47,100
87,410
1,800
5,925
11,876
'
20,850
2,050
161,242
15
1478
147ft
r
1
1
1
*5%
6%
5%
5%
*
*
7g
*5%
3%
4
the prices hid and asked—no sale was made at the Board.
1
6%
*7ft
*5
*1
i
6
1%
20%
33^
48%
36 %
156
182%
1291*
1
18%
327*
77
23 60
131
3 107
20 66
113i*
9 76% 88
21
14 13
33
18
23
10
8
12% 12%
44% 350
121
106
9 94
14 63
3 124
14
38%
27
19
14
41
146ia
67%
30%
56
Jan. 16
Jan. 11
Jan. 11
42
23
64%
62%
703ft
30ia
Feb. 15
Jan. 19
54
114ia
39%
131
102
155
130ia
62 %
96ia
190
43ia
26ia
70
51
88%
37%
60
37%
83
200
6 190
Jan. 14 27% 57%
Jan.
748*
50
Jan.
7
Mar.
9 127
142
Jan. 17 130
Jan.
5 35
146
80
Feb.
7
99% 171
174%
Feb. 15 122
33% Mar. 3 22
21% Feb. 4 22
43% Jan. 16 39
92
Jan. 16 85
46% Jan. 25 39
66% Jan. 26 55
106% Jan. 17 90
30% Feb. 8 26
75
Mar. 2 70
50
50%
77%
1433ft
55
81%
115%
42%
89%
88% 1133ft
41% 73%
38
15
10% Fob. 15 17% Jan. 7
Mar. 8 119% Jan. 16 105% 13134
27% Feb. 23 38% Jans 14 33% 60
54% Feb. 21 71% Jan. 14 64% 90%
60
Feb. 14
Jan. 28
38% Feb. 23 45% Jan. 13
105
Mar. 8 109 % Feb. 20
31
40
128
30
iff
Mar. 2 149% Jan.
Feb. 18 97% Feb.
Feb. 23
15% Jan. 17
1% Mar. 1
Jan. 25
36% Jan. 16
19% Feb. 4
2
Jan. 14
6
14
1%
%
2% J:\n- 25
Jan. 20 17%
Jan. 23 32%
Jan. 16 240
14% Jan. 14 12
62% Jan. 19 53
17% Jan. 4 17%
37
Jan. 12 25
500
400
200
57
Jan.
14
Jan. 11
4,300
30
Mar.
100
150
600
1
Jan. 26
l%Jan.
5
Jan
5
6% Feb.
3
1% Mar.
2
11% Feb. 27
17
30
26
Jan. 16 35
Jan. 17 245
15% Mar.
33
2,500
49
190
Mar. 10 49% Jan. 10 30
Jan. 19 134
Jan. 31 140
10 120
25 62% 98
72% Mar. 8 80% Jan. 26 51% 79
125
Feb. 24 130% Jan.
5 112 142
200
20
17
67
89% L15%
62%
Feb. 23 45% Feb. 3 39
151
Jan. 18 120
Feb. 23 145
4%
1
Jan.
3
%
% Feb. 2
92
76% Feb. 23 82% Jan. 16 77
141
90
1,700
74%
31
35
38
122
30
115
425
47
1%
12
61 *
Mar.
79% Feb. 24
26
68
240
11%
59%
3
8
Mar/ 8
1,800
1,600
2
17
15%
30%
37ft
92%
*1%
*1
3 7ft
142
93
52
21
61
Feb. 25 140
Mar. 9 40
Mar. 9 250
Mar. 9 263
3,014
305
*78%
45
39% Jan. 14 34%
Jan. 28 85
Jan. 21 18%
Mar. 1 118
Jan. 14 63
Jan. 31 135% Jan. 14 130%
96
Feb. 24 109% Jan. 27
Mar. 8 43% Jan. 14
39%
8
85
Jan.
14
Mar.
80%
Feb. 17 172
Feb. 4 164%
Mar. 9 28% Jan. 14 25%
24
Feb. 27 23%
Jan.
6
Mar. 8 58% Jan. 11 53
Mar. 9 37% Jan. 14 32%
Feb. 23 77% Jan. 14 64%
Feb. 15
25% Jan. 14 21
Feb. 23 38% Jan. 14 35
Feb. 24
23% Jan. 16 18
Jan. 30
75
Jan.
3 64
Jan.
20
20% Mar.
r__
3,
t- 00
AO1*
82% 112
80% 102%
Mar. 9 104%
Feb. 24
35%
Mar. 9 124
Mar. 8
87%
24% Jan. 11
1,195
40%
60
90
90
111,574 110
-
124
7
3,400 108% Jan. 26 115% Jan. 17
68,270
34% Mar. 9 51% Jan. 14
35% 37%
12% 12%
112
113%
32% 33%
ii2%
21% Jan.
66
Jan.
Mar. 10 128% Feb.
Mar. 8 74% Jan.
Feb. 20 84
Jan.
Feb. 23
16
Jan.
Mar. 8 26% Jan.
Feb. 15
20
Mar.
Feb.
Mar. 1 110
Mar. 2 111% Jan.
Jan.
Feb. 24
86
Jan.
4 137% Feb.
Mar. 8 48% Jan.
Feb.
Feb. 23 15
49
Jan. 19
Jan.
8,600
550
175
111%111%
___
111
Jan.
71%
140
136'
Feb. 2 117
Feb.
2 131% 147 >9
Jan. 13 129
1486a
88
Feb.
1 40
37% Jan. 14 33% 51
102
Jan. 14 91
109%
57 % Jan. 14 41% 68**
84
Jan. 14 81
1013*
137% Jan. 21 127% 142
82
104
Feb. 2
95%
Jan. 31 195
190
25j4Mar. 8 37%
Mar. 10
55
67%
133 % Feb. 24 136*
17
3,625
3,500 118
2278
115
111%111%
34% 36%
*15
3%
66%
20
525
110% 111
110% 110%
347a 38
37% 39%
10
14
12
14
11%
13%
12% 12%
113% 114% 1U% 1137ft 111
112% 110
111%
31% 33%
333ft 34%
32% 33%
32% 33%
56
55
57%
56% 59
56%
55% 57%
42%
21%
44%
75
iif%iil%
41%
104
34
67
168
9.045
164,699
5,546
123
119
4
20
14
7
30
26% Feb. 23
89
22
120
54
135
21%
9
7
8
Feb. 24
Mar. 6
Feb. 25
42
19
59
7,820
64%
......
48
20
47%
30%
30%
17
61
......
....
100
193,597
3,055
«*
20
17
754
23%
22%
55
83
10
12,400
57,187 128%
169
169
170
217g
1.100
105% 1053.
35
36%
73% 73%
108
70%
28% 29%
57% 58%
135
*132
135
129% 131%
*105
54,886
151,100
29%
27%
26
120
57%
30%
31
300
26
120
54
1,600
-
20
60
90
93%
26
26
120
120
55 % 60%
47
70
20
43%
82
92%
28%
31%
135
106
36
71
170
42%
28%
45
48%
31%
62
190
131%
88%
26%
47%
31%
70%
48
32%
71
20%
313ft
66%
23
122
63
87%
80%
89
29%
93%
44%
30%
68%
49
32%
6978
19%
30%
58%
26%
91%
131% 1317ft
*102
48
57
46
*87
79
52
94
31
10
6
51
30%
A
122% 122%
64
131
106
42%
89%
81%
44%
44
*92
7
25
45
37
69
60
16
31
65 34
3,160
27% Mar. 9 37% Jan. 14 32
Feb. 23 116% Feb. 27 112% 1353ft
131,475 108
63
100
49% Feb. 24 52% Feb. 11 44
100
Mar. 8
16
Mar. 8 16% 38
16
65
Mar. 8 100% Jan.
110%
224,025
3 79
500
61
Feb. 24
9 50
117ia
75
Jan.
Mar. 10
60% Feb. 11 15 % 59ia
2,560 44
400
92
Mar. 9
98% Jan. 28
Feb. 28 18
593ft
2,120 2d Jan. 23 34
24
600
9
10
Mar. 10 15% Jail. 16
IS
6
400
6
Mar. 7
9% Jan.
3
93
46
Mar. 9 82% Jan. 18 41
33,450
Jan.
4
92
Fob. 8 77% 126
2,320 84
Jan. 16 84% 126ia
79
Feb. 23 90
19,341
77%
71%
-
9,075 127%
36
1,550
13%
28% 29%
113% 114%
50 % 50%
28%
3
2
16
Jan. 23
128,765 118%
133% 134%
37% 08%
9
9% Feb. 13
3,000.
65
31
82
46
75
2091
837ft
Jun.
Jan.
Mar.
Mar.
Jan.
Mar.
14,345
65
31
90%
44
75
133
19%
80%
Mar.
4
37% Jan. 14 32%
26% Jan. 14 23
10 135% Feb. 8 127
9 138 Jan. 27 133%
Mar- 3 101%
4 111
3 123 Jan. 16
29% Feb. 23
97% Feb. 24
11%
90%
Mar.
26
18
9
9
Jan.
11%
20
*90
9
High
4 136
136% Jan. 6 145
129
Mar. 10 135
68
Mar. 8
84
124
19%
643.
52
90%
81%
Mar.
Mar.
127%
127%
104%
119%
Low.
Highest.
19% Mar.
28
21
264,577
81
93
91
Feb.
Feb.
118% 123%
56% 58%
643,
52%
Mining
These
1,910
77%
Qd.
Saver Cliff Mining
*
4,802
116,610
1,970
25,635
5,540
i;soo
50
16
65
61
Feb.
Feb.
Mar.
86
70
100
471
32%
99%
97ft
122%
57%
52%
54
90
81
44
15
30
16,889
75
75
134% 134%
9%
55%
*90
133% 134%
3637%
39
Mariposa Land A Mining
Ontario Silver Mining
Pennsylvania Coal
119
39% Jan.
80 ' Feb.
Jan.
65
94
41%
40%
7434
Wells, Fargo A Co
COAL AND MINING.
60
86% Mar.
129
73
31%
98%
98% 100
44
4434
75
757ft
Q‘}3,
111% 112%
T43
92
American—
450
2,294
1,700
130%
139%
73
EXPRESS.
Adams
ftonnont
20
29%
129
139
129
128% 130
138% 138%
129% 129%
71
68
30% 31%
Q‘^3.
..
Robinson Mining
20
29%
*
Maryland Coal
Jan.
70,910
75
120% 123%
55
57%
11%
18%
88%
907fi
89%
*20%
127% 128
129% 130
108% 109% 1087fl 110
120
119% 119% 120
*133
77
86%
22
St. Paul A Duluth
Consolidation Coal
Homestake Mining
Little Pittsburg Mining
130
7,300
47%
128% 128%
127% 129
51%
38%
48%
89
pref
1st
is
47
89%
88%
9178
88%
28
29%
297ft 30
1137ft 114% 112% 114
78%
Peoria Decatur A Evansville...
Do
Lowest.
100
68
55
*16
64
Ohio Southern
Philadelphia A Reading
Pittsburg Ft. Wayne A Chic—
45
86%
87%
88%
87%
3079 3i34
98% 100
133% 133%
40
44
94% 96%
Missouri Pacific
Mobile A Ohio
1223* 12234
Morris A Essex
66
66
Nashville Chattanooga A St. L.
New York Central A Hudson .. 13178 132%
*105
108
New York Elevated
37% 37%
New York Lake Erie A West..
Do
76
pref.
77%
170
New York New Haven A Hart.
24
24%
New York Ontario A Western
Norfolk A Western
pref
44%
80
'
81%
29% 29%
113% 114%
31%
II434
20
Northern Pacific
15
63
-
Do
Do
Do
49
131% *125
*■
82
pref...
Missouri Kansas A Texas
47
15
68
73
*90
85 %
68
133% 133%
134% 135
44%
*20%
122% 123%
55% 5778
12334 124% 122% 1233ft
56% 58%
577ft 61%
Minneapolis A St. Louis
Do
March 10.
9.
Range Since Jan. 1, 1882. Year
300
31% 32%
99% 100
31% 33
99% 100%
33% 33 7«
100% 1003.
Milwaukee L. Sli. A West., pret
Do
62%
128% 128%
127 % 129
108
109%
120
120% 119% 120
130
130% 128% 130
139
139%
139% 140
130
129% 131
130%
1st pref.
Memphis A Charleston
Metropolitan Elevi ted
Michigan Central
'
30
92
89 %
913ft
89%
2d pref.
Do
•*
47%
90%
88%
122
131% 132%
*93
pref
Manhattan
each Co
Marietta A ci cinnati,
bT
80
30
50
1st
March
64
47%
91%
88%
Long Island
Dc
Friday,
Thursday,
CO
30
30
317ft
23
129 "129
129% 129 *a
129% 130
128% 130
1087ft 110% 109% 109’ft
*78
136
Cleveland A Pittsburg guar.... T33
Columbia A Greenville,pref....
10% 10%
Columbus Chic. A Ind. Central.
Green Bay Winona A St.
Hannibal A St. Joseph
8.
131%
29%
*22%
Chicago A Alton
Chicago Burlington A Quincy..
Chicago Milwaukee A St. Paul.
Do
pref.
Chicago A Northwestern
Do
pref...
Chicago Rock Isl. A Pacific
Chicago St. L. A New Orleans..
Chicago St. Paul Minn. A Ora..
Do
pref.
Cincinnati Sandusky A Clev....
Cleveland Col. Cin. A Ind
Do
March
*80
1st pref
2d pref
Delaware Lackawanna A
Wednesday,
7.
For
Sales of
the Week,
Shares.
32% Jan. 18
pref...
A Western...
Burlington Cedar Rapids A No.
Danbury A Norwalk
March
130
Do
Buffalo Pittsburg
Do
Do
6.
FOR THE WEEK, AND SINCE JAN. 1,1812.
PRICES.
LOWEST
AND
Tuesday,
Monday.
Satnrday,
March
HIGHEST
[Vol. mnr.
3
3
% J an. 17
Feb. 15
20
4
4
Jan. 9
Jam 28
2% Jan.
9
2
Mar.
2
2% Jam
5
1% Feb.
6
l%.Feb.
6
1
4
%
18
2
2%
l%i
THE CHRONICLE.
11, 18b2.J
March
285
quotations of state and railroad bonds and miscellaneous securities.
STATE
Bid.
SECURITIES.
Alabama—
CTass A, 3 to 5,1906....
Class A, 2 to 5, small—
Arkansas—
6s, funded,
7b,
20
19
19
19
23
1899-1900...
L. Rock & Ft. S. iss.
7s. Hemp. & L.Itock
7b L.R.P.B.&N.O.
RR
RR
& R. R. RR.
Cent. RR.
Connecticut—6s, 1883-4..
Oeorgia—6s, 1886
7b, Miss. O.
7b, new,
7b,
7b.
85 x4
j
14
1886
endorsed, 1886
gold, 1890
Louisiana—
7b, consol., 1914
7b, small
64
65
68,
6s,
6s,
6s,
6s,
....
do
Do
New York—
reg.,
*87-i 104
I
108
1887.
coup.,
1887
1883
1891
1892
1893
RAILROAD
AND
BONDS
Adjustment, 7s, 1903...
Leb.&W B.-Con.g’d.as.
Am. D’k & Im.—5s, 1921
C. M. & St. P.—lst,8s,P.C.
•
y*
•
103 »4
2d
fts
73
90 ~
......
90
......
97
*126
......
103
......
102^ 103
108
133
126
120
115
*123
......
-
,
*95
104
109
*106
80*4 87
?
105
104
104
Chicago & Mil.—1st
m..
110
Winona & St. P.—1st in.
2d mort., 7s, 1907
Mil.& Mad.—1st,6s,1905 105
€. C. C.& Ind’s—1st,78,a. f. *124
^.Consol. mort., 7s, 1914.. 124
C
......
97
95
*119
,
St.L.&N.O.-Ten.lien,7s
con., 7s, 1897
lstm.,
C. St. P.M.& O.—Cons., 6s
1*20*
97 *s
C.St.P.&M.-lst,6s,1918 *111
No. Wise.—1st, 6s, 1930.
Bt.P.&S.C.—1st, 68,1919
Del.&H.C.—lstm. Js,1884
1st mort.,
1st mort.,
1st mort.,
1st mort.,
7s, 1891
ext., 7s, 1891.
107
......
89
72
103
103*9
78
99
112
103
112
*
114
*119
*121
i*03 *9
......
95
95 3,
128
128
123
123
123
101
105
*50
55
115
125
102
1*01*4
102
102
6s, 1919
Louisv.N.Alb.&C.—1st,6s
101
104
103
102 *4
11V
Coupon, 5s, 1931
98
....
......
......
......
......
......
A
_
......
H. & Cent. Mo.—1st,’90.
Mobile & O.—New m., 6s.
Collat. Trust, 6s, 1892.
......
......
60
45
13
Do
Do
SECURITIES.
92 70
Canada So.—1st, int. gu.
Harlem—1st m., 7s, cp..
1st mort., 7s, reg.,1900
W. St. L. & P.—Continued—
Chic. Div.—5s, 1910...
Hav. Div.—6s, 1910...
93*8
133
.
ii5*4 i*16**
N. Y. Elev’d—1st, 7s. 1906
N. Y.Pa.&O.—Pr.rn,6s,’95
;96
61
N.Y.C.& N.—Gen., 6s, 1910
N.Y.& New Eng.—1st, 7s.
1st m., 6s, 1905
Nevada Cent.—1st m., 6s.
97 34
*
......
......
121
lstm., Springfield Div..
Cent.—1st, 6s, 1920.
1st m., Ter’l Tr., 6s, 1920 *
1st Min’l Div.—6s, 1921
Ohio So.—1st M., 6s, 1921.
Oregon&Cal.—1st,6s,1921
102*3
118*2
118*9
121*3
120*3 121
,
.
.
96
Han.& Naples—1st, 7s
St.L.K.C.&N.—R.e.,7s
Oin.Div.—1st mort., 7s
Clarinda Br.—6s, 1919
St. Cha8. Br.—1st, 6s..
No. Missouri—1st, 7sWost.U. Tel.—1900, coup.
1900, reg
95 *9
85
io7*‘
103*2 105
102
il4
114*9 N. W. Telegraph—7 s, 1904
112
Spring Val. W.W.—1st, 6s
103*9
Oregon RR.&Nav.—1st,6s
......
106
110
grant bonds, 6s
West. Pac.—Bonds, 6s
103
107
111
82
100
112
107
105
68
104
109**
104
106
109
100
119
ii9*i
116*9 117
105
10430 104*2
115;*b 115*2
115*0
Sinking funds, 8s, ’93
Registered 8s, 1893...
Collateral trust, 6s....
Kans. Pac.—1st, 6s,’95 *108
109
1st m., 6s, 1896
Den.Div.,6s,a8s’d,’99 107
1st cons., 6s, 1919... 1003*
Cent. Br. U. Pac.—1st,6s
Chic.St.L.&N.O.—2d,1907
Col.Chic.&I.C.—Inc.7s,’90
Cent. la.—Coup.deb.certs.
118
106*4 Chic.St. P.&M.—L.g.me.Os
Chic. & E. Ill.—Inc., 1907
10934 Des M&Ft.D.—1st,Inc.,6s
108
101
E.T.Va.&G.—Inc.,6s,1931
Eliz.C.&No.—2dIno.,1970
G’
BayW.&St.P.—2d,Inc.
lud.Bl.&West.—Inc.,1919
7s, ’95.
96*2 Ind sDec.&Spr’d—2d me.
95
At. Jew. Co.&W.—1st,6s
Trust Co. certificates...
Int. & Gt. North.—2d Inc.
2d assented, 6s, 1909—
107
Utah So.—Gen., 7s, 1909 *
Extens’n, 1st, 7s, 1909
Mo. Pac.—1st consol.. 6s i*02**
Ill
3d mortgage, 7s, 1906.
106
Pacific of Mo.—1st, 6s
2d mort., 7s, 1891
111*4
108
St. L.& S.F.—2d, 6s, cl.A t
88
3-68, class C, 1906
3-6s, class B, 1906
1st, 6s, Peirce C. & O.
Equipment, 7s, 1895.. *100
8734
97
Consol., 6s, 1905
62 34
79
1st,Rio G.Div.,6s,1930
Pennsylvania RR—
63
80
1
96
A
98*2
+
3.36*2 1*37*8
132*2 135
133
131
Pitts. Ft. W.& Ch.—1st m
2d mort., 7s, 1912
3d mdrt, 7s, 1912
110
125
A
127
113
118
120
1*0*7*
33*a
101
’
*5*6 *9
53
75
'98*
75
50
50«a
*2*6*
30
60
*65*
*8*6*
80
*40
Mil. L. S. & W.—Incomes.
Mob.& O.—1st pref.debeu.
2d pref. debentures
85
51
51
89
55
55
pref. debentures
4th
105
;30
Lehigh & W.B.Coal—1888
Lake E. &W.—Inc. 7s, ’99
Sand’ky Div.—Inc., 1920
Laf.Bl.&Mun.—Inc.7s, ’99
3d
103*2 105
So. Pacific of Mo.—lstra
Tex. & Pac.—1st,6s,1905
106*9
INCOME BONDS.
(Interest payable if earned.)
Ala. Cent.—Inc. 6s, 1918.
Atl. & Pac.—Inc., 1910..
Central of N. J.—1908....
pref. debentures
N.Y.LakeE.&W.—Inc.6s.
N. Y. P.& O.—lstinc.ac.5-7
Ohio Cent.—Income, 1920
41
35*4
Min’l Div.—Inc.
Ohio So.—2d Inc.,
25
78,1921
6s,1921
Ogdensb.&L.C.—Inc.1920
Peoria D. & Ev.—Incomes
Evausv. Div.—Inc.,1920
Itoch. & Pitts.—Inc., 1921
S. Caro.R’y.—Inc.,6s,1931
30
67
80
41
45
St. Louis I. Mt. & So.—
98
1st, 7s, pret.. int. accum.
2d, 6s, int. acc’millative
St’gl.&R’y—Ser.B.,inc.’94
Plain Income 6s,
1896..
Sterling Mtn. R’y Inc.,’95
St.L.A.&T.H.—Div. b’nds
30
Tol.Del.& B.—Inc.68,1910
*22
29
Dayton Div.—6s, 1910..
Tex.&St.L.-L.g.,inc.1920
Miscellaneous List.
85
85
100
85
*8*6*'
(Broker's Quotations.)
Va. State—New 10-40s...
Atl. & Gulf—Consoles,’97
Atl.& Charlotte—1st, 7s..
Income, 6s
Stock
99*2 Car. central—1st, us, ltnsa
Cent. Ga.—Consol, m., 7s.
98 '
Stock
Inc., 1900
102
Chic.St. L.&N.O—58,1951
Scioto Val.—1st, cons., 7s.
11434 Oin.Ind.St. L.& C.—1st,6s
St. Louis & I. Mount.—1st 114
Galv.H.& Hen.—'7 s, g., ’71
2d mort., 7s, 1897
1063» 107
Arkansas Br.—1st mort. 107
Georgia Railroad—7s
6s
Cairo & Fulton—1st m.. *106 tb 107 34
Cairo Ark. & T.—1st m.
107*2 Kan sas & N eb.—1 st mort..
79
2d mort
Gen.c.r’y& l.g.,5s,1931..
St.L. Alton & T.H.—1st m. 117
Long Island—1st mort.. .
......
112
Atl. &Ch.—1st,
p.,78,1897
.
2d mort., pref., 7s, 1894.
2d mort., income, 7s, ’94
Belleville&S. Ill.—lstm.
St.P.Minn.& Man.—1st,7s
2d mort., 6s, 1909
Dakota Ext.—6s, 1910..
102
*1*23
Mempli.&Char.—lst,cons.
1st, consol., Tenn.
lien..
Jackson—1st, 8s.
Certificate, 2d mort., 8s.
10834 109*4
N.Y.&G’nw’d L.—1st,7s,n
105 34
......
N. O. &
......
.....
.....
......
......
—
......
39*9 4<*
110
1106
107*4 109
70
98
72
90
112
114
98
96
115
118
102
76
75
107
103
75
80
20
116
105
105
109
116
28
30
85
112
120
40
11
......
l
..
..
91
108
So. Pac. of Cal.—1st, 6s.
Union Pacific—1st mort.
Land grants, 7s, ’87-9.
Clev.&Pittsb.—Cons.,s.f
4th mort., 6s, 1892
Col. Ch.& I. C.—1st, cons
2d con., 78,1909
1st, Tr’t Co. ctfs., ass’d
2d, Tr’t Co. ctfs., ass’d
1st,Tr’t Co.ctfs.,suppl.
ToLP.&W.—1st, 78,1917 110
Jowa Div.—6s, 1921
89
Ind’polis Div.—68,1921.
Detroit Div.—6s, 1921..
Cairo Div.—5s, 1931.
Wabash—Mort. 7s of *09 *
Tol. & W.—1st, ext., 7s *109
1st, St. L. Div., 7s,1889
2d mort., ext., 7s, ’93.. 103
60
Equipm’t bonds,7 s, ’83
Consol., conv., 7s,1907
Gt. West.—1st, 7s, ’88.
109*
2d mort., 7s. 1893
Q. & T.—1st, 7s, 1890. i*0*5*
I11.&S.I.—1st, 7s,1882
...
'****•
Evans. Div.,l8t, 6s, 1920
Pac. RRs.—C.Pac.—G.,6s.
San Joaquin Branch..
Cal.& Oregon—1st m..
State Aid bonds,7s,’84
4*231st c.
Registered, 1921
Pitt.C.&St.L.—1st c., 7s
1st reg., 7s, 1900
2d, 7s, 1913
85
...
103
97
Pac.—G.l.gr.,lstcon.6s
Registered 6s, 1921
85
N. O. Pac.—1st, 6s,g., 1920
Norf.&W.—G.l.ra.,6s,1931 100
Funded coups.,
small
registered....
2d mort
106*4
Morgan’s La.&Te.x,lst,6s
St. P. & Dul.—1st,5s,1931 ►— o o
Northeast.,S.C.—lstm.,8s i*20*
Nasli.Chat.&St.L—1st, 7s 11330 114
120
Alb. & Susa.—1st m.t 7s 113*9
2d mort., 8s
100
99 34
So. Car’a R’y—1st,6s,1920
2d, 6s, 1901
75
2d mort., 7s, 1885
St. Joseph & Pac.—1st m.
89
103
+
108
N. Y. Central—6s, 1883
2d, 6s, 1921
103*3
27
2d mort.
1st,cons., guar.7s.1906
Tex.Cen.—l8t,s.f.,7s, 1909 107
108*3
6s, 1887
10
Bens. & tear.—let, coup, 135
St. Jos. & West’n—Stock.
90
Tol. Del. & Bnr.—Main. 6s
*102 34
6sj real estate, 1883
75
Tex. & St. L.—1st, 6a,1910
135
1st, Dayt. Div., 6s, 1910
lstmoit.,reg., 1921
6sj subscription, 1883.. 102 34
104
Western, N. C.—1st, 7s...
N. Y. C. & Hi.—lstm.,cp. 132*a
1st, Ter’l trust, 6s, 1910
Deny. & Rio Gr.—lst.l900‘ 112 i*14
75
1st, consol., 7s, 1910....(
Wis.Cent.—1st series, new
V rg. Mid.—M.inc. ,6s, 192 7
60
1st mort., reg., 1903
100*9
132*9 134
45
Deny. So.P.& Pac—1st, 7s xoi
2d series, new
84
Huds. R.—7s, 2d, s. f.,'85 110
111*9 W. St. L. & P.—Gen. m., 6s *83
xOi
10134
•Pficea nominal
15
Registered
106*4 Rich.&Danv.—Cons.g., 6s.
..
33
Funding 5s, 1899
119
Rocli.& Pitt.—1st,6s,1921
Rich. & All’g.—1 st,78,1920
*i
35
......
UVJL1UO} (JOy UKJ
6s, 1909
47
47
47
47
Small bonds
111
*85
N.'Y.&M.B’h—1st,7s,’97
St.L. V.&T.H.—let.g.,78
Marietta & Cin. 1st, 7s
2d mort., 7s, 1898.^...
1st mort., sterling
2d m..guar., 7s, 1898.
Metrop’lit’n El.—1st,1908 100*4 10034
2d mort., 6s, 1899
*90
90*3 Pits.B’d.&B.—1st,6s,1911
Rome W.&Og.—Con., 1st.
Micli.Cent.—Con.,7 s, 1902 126
Trust Co. certificates...
104 s8
1st mort., 8s, 1882, s. f..
......
4634
3-65s, 1924
Pa. Co’s guar.
96
40
District of Columbia—
Income & I’d gr., reg.
95
103
*
.
118
128
6tb
1910
N. Y. Cent.—Continu
Land
101*4 104
...
86*9
jacic. Lan.& S—6s, 1891
Mil.&No.—1st,4-5-6s,1910
Mil. L.S.&W.—1st 6s,1921
125
Minn.&St. L.—1st 78,1927 114
134
Iowa Ex.—1st, 7s, 1909. 111
2d mort, 7s, 1891
100
115*4
*
S’thw. Ex.—1st, 7s,1910 +io*8
98
Pac. Ex.—1st, 6s, i921.
121*9 Mo. K. & T.—Gen.,con., 6s
76*4 78
106
105*9
Cons., assented, 1904-6. 101*9 102
115
60
2d mort., income, 1911..
60*a
coup., 7s, ’94. *116
reg., 7s. ’94... 116
120
120
class 2
class 3
..
•
"Registered, 5s, 1931
115
Do
Do
Consol. 4s,
Atch.C.&P.-lst,6s,1905
108 *a
106
107*9
Laf. B1.& M.—1st,
JLll UlWlU
Chic.& E.I11.—lst,8.f.,cur.
Coh& Green.—1st,6s,1916
2d, 6b, 1926
*89
Del. L. & W.—7s, couv. ’92
Mort. 7s, 1907
*1*27'
Syr. Bing. & N. Y.—1st,7s
Morris & Essex—1st m. 133*4
2d mort., 1891
Bonds, 7s, 1900
7s of 1871-1901
*115
lstm.,consol., guar.,7s 121
_
101
......
125
Special tax, class 1, ’98-9
Panama—S.F. sub.6s,1897
Peoria Dec. & Ev.—1st, 6s
115
111 -a 112
106
107 34
111
112
...
120
117
Do
A.&O
Chatham RR
Ohio
109
103
Kent’ky Cen.—M.,6s.1911
Lake Shore & Mich. S.—
2dm., 7 3-10, P. D., 1898 115
Mich. So. & N.I. s.fd. 7s
1st m.,7s, $ g., R.D.,1902 124
116
1st m., LaC. Div., 1893..
Cleve. & Tol.—Sink.fd..
116
New bonds, 7s, 1886..
lstm., I. & M., 1897....
*
117
Cleve. P. * Ash.-7 s—
lstm., I. & D., 1899
118
Buff. & Erie—New bds.
lstm.. C. & M., 1903
117
120
Consol. 7s, 1905
102*9
2d mort., 7s, 1884
Kal. & W. Pigeon—1st.
Tiot TVf
rP
Tcf
7ft loop?
Ut HI• Ou A
laL) J tJj 1 JUU
1st, 7s,I.& D. Ext.,1908 116
103*9
6. W. Div., 1st, 6s, 1909.
Lake Shore—Div. bonds
90
94
1st, 5s, La.& Dav., 1910.
Consol., coup.. 1st., 7s
103*9
IstS. Minn.Div.,6s,1910 103
Consol., reg., 1st. 7s...
113
lstm., H.& D., 7s, 1910
Consol., coup., 2d, 7s..
Cli.& Pac. Div.. 6s,.1910 106 00 107
Consol., reg., 2d, 7s
94
1st Chic.& P. W.,58,1921
Louisv..& N.—Con8,7s,’98
Min’l Pt> Div., 5s, 1910.
2d mort., 7s, gold, 1883.
C.& N.W’est.—S.f, 7s, 1885 i'04
105
104
Interest bonds, 7s, 1883
N.O.&Mob.—lst,6s,l 930
133
Consol, bonds, 7s, 1915.. 131
E. H. & N.—1st, 6s, 1919
107*2
Extension bonds, 7s, ’85 *105
Gen’l mort., 6s, 1930..
1st mort., 7s, 1885
*107
Pensacola Div—6s,1920
St. L. Div.—1st, 6s, 1921
Coupon gold, 7s, 1902... 123*2 124 34
123*3
2d mort., 3s, 1980
Reg., gold, 7s, 1902
Na8liv. & Dec.—1st, 7s.
Sinking fund, 6s, 1929.. 111
113
mi
S.& N.Ala.—S.f.,68,1910
Sinking fund, reg
Sinking fund. 5s, 1929.. 100
Leban’n-Knox.—6s,1931
*100
L’isv.Cin.& L.—6s, 1931
Sinking fund, reg
Iowa Midl’nd—lstm., 8s 120
L. Erie & W.-lst, 6s,1919
Peninsula—1st m., couv.
bonds, J.&J., ’92-8
95
Ohio & Miss.—Consol, s. f.
125*3
Consolidated 7s, 1898...
92
2d consolidated, 7s,1911
*
*
ion
C
1868-1898.
Do
New
N.
i'23
1050b 105 78 Int.&Gt.No.—1st, 6s gold Tl05*»
98
85 7b 86
Coupon, 6s, 1909
U3l"
Funding act, 1866-1900.
MISCELLANEOUS
......
.
•
J.&J.
A.&O.
Ask.
10
non-fundable, 1888.. i
6s, 1893
Tennessee—6s, old, 1892-8
6s, new, 1892-8-1900
1
6s, new series, 1914...
Virginia—6s, old
6s, new, 1866
6s, new, 1867
6s, consol, bonds
0s, ex-matured coupon..
6s, consol., 2d series
6s, deferred
Brown consol’n
Rhode Island68, coupon, 1893-99
....
•
A.&O
coup, off,
coup, off,
68, 1886
Divisional5s, 1930
(stock Exchange Prices.)
Eliz.C.&N.—S.F.,deb.c.6s
Ala. Central—1st, 6b, 1918
97
1st mortgage, 6s, 1920..
Atch. T. & S. Fe—4*2,1920 t
Eliz.Lex.& Big S’y.—6s...
Ati’c & Pac.—1st,6s, 1910 *95*4
Erie—1st mort., extended.
Balt&O.—1st, 6s, Prk.Br.
2d mort., ext’d 5s, 1919Boat. H. & E.—1st mort.. *48*i *50*’
98
98
s4
3d mort., 7s, 1883
5b
Bur. Ced. R.& No.—1st, 59
*120
4tli
mort., ext’d, 5s, 1920
Minn.& St. L.—lst,7s,gu
Iowa C.& West.—1st, 7s
105
1st,consol.,
gold, 7 s, 1920
C.Rap.Ia.F.& N.—1st,6s
111
•Central Iowa—1st, 7s,’99
Long Dock bonds,7s, ’93
Buff.N.Y.&E.—lst.1916
Char. Col. & Aug.—1st, 7s i*o*6**
N.Y.L.E.&W.-New2<l,6
Cheasp. & O.—Pur. m’v fd. 112*9
101
i‘03"
1st, consol., fd. cp., 7s.
6s, gold, series A, 1908.
76 7* 77
68, gold, ser. B, iut. def.
*Rnf <Cr s* W
M* * ft 1 00ft
45
44y4
68, currency, int. def
Mortgage, 6s, 1911—
125
Fl’tAP. iviarq.—M.6s,1921
Chicago & Alton—1st m
Income 7s, 1883
Gal.Har.&S.Ant’o—1st,6s
114
2d mort., 78,1905
Sinking fund, 6s, 1903
G. Bay W. &St, P.—1st. 6s
Joliet & Chicago—1st m.
Gulf Col. & S. Fe—7s, 1909
La. & Mo.—1st m., guar.
ii*5** Han. & St. Jos.—8s, conv.
2d mort., 7s, 1900
Consolidated 6s, 1911...
St. L. Jack.& Ch.—1st m ii*5*
Houston & Texas Cent.—
1st, guar. (564),7s,’94
1st mort., 1. gr.. 7s
2dm. (360), 7s, 1898..
1st mort., West. Div., 7s
2d, guar. (188), 7s, ’98.
MiBS.K.Br’ge—lst.s.f. 6a
2d, consol., main line, 8s
C.B.&Q.—8p.c., lstm.,’83 ib*3*4
Consol mort., 7s, 1903.. 125*9 i*257g
2d, Waco & N., 8s. 1915
*103
Gen. mort., 6s, 1921
5s, sinking fund, 1901..
Iowa Div.—S.F.,5s,1919
IIous.E.&W.Tex.—1st, 7s
Iowa Div.—S.F.,4s,1919
128
Dub. & S. C., 2d Div., 7s
C. R.I.& P.-6s,coup.,1917 *126
6s, 1917, registered.....
104
105
Ind.Bl.& W.—1st, pref., 7s
Keo.& Dos M.—1st, g.,5s
1st mort., 3-4-5-6s, 1909
Central of N.J.—lstm.,’90 114^4
113
2d mort., 3-4 5-6s, 1909.
1st consol., assented, '99
114
Con v., assented, 1902...
Indianap.D &Spr.—1st,7s
t
Do
Do
Do
Bid.
South Carolina—
6s, Act Mar. 23,1869 )
Small
Ohio-
E.T. V a.&Ga.—l8t7 s, 1900 *114
72 to
1st cons. 5s...
Railroad Bonds.
SECURITIES.
Carolina—6s, old, J.&J.
6s, old, A. A O
No. Carolina RR., J.&J.
due
due
due
due
duo
gold,
gold,
loan,
loan,
loan,
loan,
Ask.
N.
1882 or 1883
109*2
1886
1887
il2^
1888
1889 or 1890
j 112 *4
Asyl’m or Univ., due ’92 i
Funding, 1894-’95
'■
Hannibal & St. Jo., ’86. j 101
6s,
6s,
.6s,
6s,
6s,
6s,
Bid.
SECURITIES.
Missouri-
30
23
7b. Arkansas
Ask.
6s, 1883
7 s, 1890
99
84 Ha
no
1900
Bid.
SECURITIES.
higan
81 *4
Class 1$, 6s, 1906
Class C, 4s, 190b
6s, 10-208,
Ask.
BONDS.
* And aoorued interest
* No price Friday—these are latest quotations
made this week, j
85
30
15
82
107
78
46
CHRONICLE,
THE
286
EirniugJ.—The latest railroad earnings and the
totals from January 1 to latest date are given below. The
statement includes the gross earnings of all railroads from
which returns nan be ob:aiaei. Theesl imis tind-’r the heal¬
Railroad
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the
week ending at the'Cominencement of business on March 4.
Average amount or
Bunks.
ing “January 1 to latest d it i” furnish tli 5 gr j ; s e iraings from
January 1 to, an 1 inula Hug, the period meii-ionel in dhe
coiumn:
—Lcilcst cartn-iys repoettd.—%
Week
or
J/o.
A1 a.Of SnnHlvni .T inu iry...
Bost.A N.Y. Air-L, .January...
..L.n-tarv...
BUtf.Pill.s.tV. A
Bur.C.lii* p.A No. •1th wk Feb
Cairo a- sl Louis. 3d wk Feb.
Cenl.Br.lJu. Pae. 4th wk Fob
Central PamMr....February ..1
Ches. A Ohio
January...
Chicago A Alton 4th wk Fell
Chic. A East. Ill.. 4tli wk Feb
Chic.AG.Trk.Wk. end.Mar. 4
Chic. Mil.A St. I* 4th wk Feb
01.ic. it Nortliw.. 4lu wk Feb
Chic. St.L A N.O. January...
Clii.St.P.Aiin.tO-. 1st wk Mar
Chic, A W. Mich.. January...
.
Oin. Hum. A Day,.January...
Cin. lnll.St. L.A C .February..
Cincinnati South..February..
Olev. Akron A Col..4th wk Feb
Ool.IIock.V.A T.. 4th wk Feb
Deuver A Rio Gr lstwk Mar
DeaM.A Ft. Dodge..3d wk Feb.
Det. Laus. it No .February..
DubuqueAS.City..4 tli wk Feb
Eastern
January...
BistTeun.V. it G .3 wksJan.
Kur.ANo. Amor.. January...
Bransv. AT. II.. .February..
Flint it Pore Mar olthwk Feb
Gr’t Western. Wk .end Fob.2 4
Hannibal A St. .Jo 4th wk Feb
Houst.E.itW.Tex, January...
IllinoisC’en. (III.) February..
Do
(Iowa) February..
♦Indiana HI. A W. February..
Int. A Gt:North.. 4th wk Feb
Iowa Central
January...
K. C. Ft. S.&Gulf..3 wks Fob.
Bake Erie A West. 4th wk Feb
..
4th wk Feb
Long Island
Louis v. <v Nashv
February..
j
2
>,
75
Loans and
discounts.
53J-8 4
478,453
54,37 t
129.507
3,578.000
113.389
3,05.7.125
162.540
210.455
1 62.5 40
109,171
City
i'radossnen’s....
Ku!ton
Chemical
.Vlorc: Urns’. Exoii
Gallatin Nation’!
U;U.eliers\fcD"ov.
Mechanics’ jc i’r.
Greenwich.
Leather Man’f’rSeventh War J...
State of N. York.
American Exoii
242,575
1 42,614
2.81 2,000
j
5(33,08 ■ >
2 s.3,153
3,092,281
272,COO
310,220
2,203,872
3 10,220
Commerce
472.301
Broadway
87.530
103,000.
55.922
272,600
710 13 4
88.0 )0
1(
208,37(3
192,660
18(3,870
174,177
171.511
8.005
43,141
8.789
13
38,1 lO
92.359
6,206
75,217
107.483
6,636
115.4 30
6,000
208,376
192.660
405,478
353,969
62,070
1,012 384
54,999
223,643
190,142
198.583
107.612
177.580
22 4.625
167.642
3(3.122
31.399
56.77 4
30.(37 2
86 947
45.222
30.415
18,286
535.145
30,671
91.313
30,717
9,043
443.679
15 4.212
80,820
175.755
60.415
87,307
93.426
165,326
•t
17,159
805,121
156,994
36,261
Citizens’
31,399
,
277.275
371.579
399,330
87.307
Park
Mech. Bke. Ass’n
North River
East River
Fourth National.
350.976
233,426
227.467
231,469
1,910,104
72.511
9.043
955,132
200,64s
391,967
66.169
175,790
193.664
204.519
1,622,081
54,136
133.512
158,590
121,586
167.4 72
15.93-4
147.516
233 332
88.700
97,763
25,691
794.837
668,074
1,021,718
784,"9 4
78.803
51.607
25,451
392.500
8 812
’
319.587
216.767
178.143
156,994
36,261
388,248
44L.11 3
178,143
168.572
407 368
33 L.227
164.917
386.156
39,618
508.800
142.461
195,311
81,926
134.581
57,5ul
392,500
38,667
3,373,321
252.727
224.303
9 4M.391
1,319,132
394.304
198.746
119.860
206.403
1,017.497
1.131.746
501,438
390 669
936.819
68,200
449.169
43.677
125.467
566,429
107,328
..
144,116
3,720,951
2,364.733
53,447
159,111
135,33«
511,957
85,578
2,7 i 4.539
1,63 ',539
48,549
104,993
Including Indianapolis Decatur A Springfield,
t Freight earnings.
6.5.0,000
5.370.800
4.410,100
1.040.000
1.005.000
1,0 >], 5 On
balances in the
tor racli
same,
a ay
of ih-^
post
week:
haianc.es.
Payments.
Receipts.
••
“
"
"
“
4..
6..
7..
8..
9..
10..
Total
$
$
776,849 10
894.580
'
1,046,092 38
4,203 348 G‘>
1.887,149 3 >
19
1,3 U2.13S 5o
800,321 87
709,665 11
2.663,401 37
10,927,576 55
1,616.259 30
12,OJ4,S69 07
15,500,631 62
23,451,120 73
Coins.—The
Currency.
if
84,445,001 21
81,2 5,88 > 33
80,718,672 J>1
78.814,416 05
77,907.066 61
70,332,910 99
$
4,469,889 91
4,350.239
4,392,439
4,403,616
4,434,371
4,301.23 4
63
25
61
80
30
84
3 83
$4
©$4 87
3 87
'at 4 78
'as 3 97
60 'to 15 90
ex. Douuloon8..15 50- ©15 65
©
1 11*2
Fino silver bars
1 14
Pine gold bars....1
■*4 © ^ prem.
Dime** A k» dimes. — 99 k) w pur
Nanoieous
X X Reichmarks. 4 7 4
X Guilders
3 96
Sian’h Doubloons. 15
..
'as
Silver 34S anil ki3.
Five fritucs
Mexican dollars..
Do uncommercT.
90li©
—
93
as
88
d)
—
87
as
English silver.... 4 75 a)
Prus. silv. thalers. — 68
©
U. S.trade dollars — 99*4©
U. 3. silver dollars — 99 7a as
—
par.
— 9o
—
5.5 M.OOG
240,900
3,113 400
08:, 500
124,000
—
4
—
-
88
- 0
70
,
1-9%
par
130,2)0
082.100
1.480,000
08,'>00
66.800
2 047.HOC
230,000
IbO.'-ou
7,820,300
800,-800
550, lOU
1,030,400
290 100
3,025.300
2,328.000
37'.,01)0
2-40.700
10.23 7,000
2.117,500
2,56 i.2O0
1 -6.100
00, »00
•
85.900
O8.5()0
0-7,900
L0.900
320.000
101,000
205.000
l,147,3oo
•
5,400
780.500
431,200
2.250,900
207.700
3,900
459,000
2,375.700
1,712.201
2.014,0 10
3 2->4 0 )0
416,000
45U.000
5,052.500
703,200
4.600
l.M 2.800
17.271.2ij0
3,341,100
1,202.500
1>3,000
1,324,‘200
8 4,700
2U.324.20C
030.400
1,041,900
71.800
128.40C
13 ).i-00
020,209
222 400
6)7,500
1.180.000
10,401.300
8.371.000
3.508.000
3*13.0 -0
808,9(0
1.270 0)0
3.500.000
500.900
2->0.0)0
3.H35 0)6
0,’.O0.8)C
080,0)0
3.540,.300
1,025,700
S9S.9;)(|
200.100
22.400
1.015,100
1.145.100
17.2U5.7oO
15.021.800
5,' 3 >.7()0
750,000
300,000
100,000
20 1,000
200,000
45,000
,,MM
«•
7.500 O K)
.
*.
•
225.009
580.600
427-700
5.721,000
15 9 74,000
5 815,7 n)
1,145,200
267.300
225.000
1<.7,100
122.000
l‘*.'H
243,100
1.234.3 0
427.6 <o
4'0.y <■
1,890, >00
4-1.1 0
191,3 0
2.134 400
5 583 000
133,80
2,185 500
115.700
1.48),400
30.790
34 2'H)
3,871,0085
1,321.700
1,053.5->0
1.582.1-10
4,2 7,000
447.300
290,073.80"
20 020.200
1,738.100
1,5)8,000
2,0 9,200
250,000
200,000
422.6 0
45,000
Ulw.300
‘211.31*0
207.000
1.428,8<)0
'300,000
4, 34,1(K
2.0284 011.544.800
137,20o
59.400
53,270.800 16,770,60
Dec. $1,9.57,100
Dec. 2,474.000
490,100
Dec.
1.0 6.000
|
|
1
are
91,800
«••••«
•
•••••
follows:
17,116,500
Dec.
Deo.
Net deposits
Circulation...
following
180,000
-
40,500
the totals of the Boston
series of weeks past :
Loans.
jfc
183?.
152,283,900
Feb. 6..
13.*- 153.210,300
20..
152.983.500
*
27..
151.460.500
7,343,200
7,23 >,000
0,501,000
6,275.700
6..
150,280,600
6,185,600
"
Deposits.* Circulation. Aqq. Clear.
$
#
*
95.551,600
31,207,500 63,097.721
9 ,409,400
31.354.500 66.819,431
04,159,500
31.287.400 69,8,-.7.679
92,03",300
31,206700
59.617,024
90,659,000 31,352,600 r73,800,362
L. Tenders.
$
Specie.
“
*
-
10,053.200
Boston Banks.—The
“
•
•
45,000
2,273.700
-7,500.70(1
The deviations from returns of previous week are as
Mar.
700,300
4,041.090
20,98 .100
61.102,700 320.077,80
a
029 400
305.100
160.000
151.700
500,000
banks for
2,000
467.100
30,0*i0
45,000
30.000
830,900
5 434 4()0
4.677,300
4,373,600
4,168.100
3,994,LOO
4.1-4,800
Including the item “ due to other hanks.”
Philadelphia Banks.—The totals of the Philadelphia banks
are as
1882
Feb. 6
“
13
follows:.
Loans.
$
L. Tenders.
$
Deposits.
Circulation.
$
#
19,95',,155
21,500.770
20.711,149
10,305.055
70.430.214
18,419,451
68,317,laO
“
20
"
27
76,608,917
78.H09.283
77,505.803
78,1 >8,6.1
6
76,659,457
Mar.
Aqq. Clear
$
11,070.689
" 10.988.835
57.095.228
71,841.2 >0
71.977.712
10,978,941
11.035,455
11,010,175
52.658.181
45,87I,6«0
71.122,890
47.792 91.1
57.701.ftM
Unlisted Stocks and Bonds.—The following are the prices
are not “listed” at the Stock Exchange as
of securities that
quoted at 3S New Street:
Bid. Asked, j
3s
Am. Cable Constr. Co. *”
llo
Am. Railway Imp. Co.
31
Atlantic A Pacitic inc. 29
Atlantic & Gt.West.pf.
3*3
1
Bust. II. A E.. ncwsL’k
l5^
1
DO
old
1%
C9
Continental Conatr.Co. 65
Central Railway Constr,,. :t'n Co.*D. LAV.)
Dtr. A !i G,,W. sub.ox, 75
11
Do stock
Do bonds
.x63
Den.A R.G. unl’dcons.
Denv. A N. Orieaus
Edison Electric L. Co.300
Hud.Riv. Contract Co. 90
67
intermit. Ini{». Co
Iron Steamboat stock. 48
1st inert, bda 86
Do
Ind. Doc. A Sp. com...
6^
Do
n. is..6.3.1 uml. 102*2
Tnd.B. A W..E is. D. 1st
5
Jjtiuanoti Sp’ings 1st..
Kan. A Net). 1st mort. 75
20
Do
2d mort
Mid.RR. of N.J. stock. 15
Do
A bonds.... 10
Do
B bonds
7
...
89bj
l.n. *2,000
2.221.200
1,125,300
17
71
98 ^2
M>
350
91 Lj
6)
DL
87
9
Mexican bds.. Wood
Mcx. Nat. bonds
..
47
«
stock
Do
Mo. Kan. t Tex.g.mort. 72
60
Mutual Un’n Tel. bds
Do
stock..
Do
scrip stk
loo^a
22
prof.. 25x4
com..
12 3*
Do
Do
Do
N. J.
N. J.
N.Y.
1st. ex J’o,’82,cp
Southern
A N. Y. com
S.A W. com. st’ek
Oregon I n)i. Co. 1st ex
Do
stock
76
lk>
3
7
17
‘)
1
Oivg. Short Line subs lOOkl
Pens. A Atlantic stock
Do
bds..
74 ki
10
Pitts. A Western..
4 k;
PuUiuan’s P.Car rglits
Ric.AAi.&O.Cen.subs.
50 per cent paid
RicD.A Dan.Ter.r’rs.o, *..
Do exteu. stoeklOJ
ii
27*2
19 ki
Tex.St.L.RPv.sb.,30 pd 70
Texas A Col. Imp
U. S. Electric Light Co.
Vicksb. Mer’ncoin.st’k
*
Premium.
7713
1%
8
10
5iki
50
.
~
26ki
13
83
81
:V
1st inert...
2
2d M. stamp
2*4
2d M.. clean
1
Do
incomes....
3L
'Standard W. Meter...
Sr. Jo. A West.stock.. 10
St. Jo. A Pacilio 1st M 75
Do
2d M 26
19
75
67
loo'
Do
Do
Do
19
85
25
50
AsJced.
Bid
National Express
106
N.Y. A Scranton Cons. 90
North River Const. Co. 97
N. Y. Ch. & St. L. subs. *15
Selina Romo it D.stock
95
1^8
—
2 362 809
1.448.700
1.000.009
5.815.000
2.484 IUU
8,O0S.> 00
3.20 '.700
1.008.700
4,542.0,ic
tt.08 -,2"0
2.0 >7.200
3.000.000
300,000
Opecie
Legal tenders
.
440.800
■
2,000,000
Loans and discounts
.
4UO,30v)
% 804-00
3,’-00.1 >00
300.000
Germania
U. S. Nat
.
987,590
285.30U
527,O0t j
332,2 JO
..
.
731,700
781.800
249.3)0
174.0(4)
2.311,300
2,877,000
Fifth Avenue...
German Exch.
•
8 >7.000
204.200
500,000
790,304
4.380,200
2.041.000
2,800.000
1,000,000
1,449. 00
1.237.790
13.203.100
3 2 1,700
108,590
600,000
1.000,000
500,000
750,000
207,0)0
88 .'.3(10
Oc
500,000
240,000
250,000
3.200,000
1.1 do
3.145,000
0,924,4 10
0.5IO.300
10,1 12.000
0, 0 i.5()0
13.000,000
1,500,000
2,0011,000
ao.).2.)0
360,000
7.501.000
8.0 ;(i,600
5.2)2.600
5i 9,8ih.)
i.85',.:. 904
2.979.000
5,800,C()U
6.158.800
1,000,000
63.009
134,800
8-4.1199
33 s,0)0
18 i.loO
6 1,499
07.900
405,000
142.5,M»
69.400
221,3)0
005.000
38 >.2 )9
..
following are quotations in gold for various coins:
Sovereigns
Coin.
362.000
13.499
4 i 0.700
1 hO.MKi
.
U. S. Sub-Treasury.—The following table shows the receipts
and payments at the Sab-Treasury in this city, as well as the
1, ?.»7.900
3'*4,'»()(i
15, OLSIO
400,000
Total
63,500
4 13.700
52.000
2.02 4700
015.700
3.040,41k.
'.0,.u0.ui|:>
i;oou;o.o
'
010,200
791.SOU
7o 7,00!)
: .non
5.211 200
5" 1,003
'bid, 00
o< 0,-'u)J
J:r.).O00
4.O.SO.0OJ
500,000
..
83 4,246
466,028
15 068
140,197
St-L. Iron Mt.AS. 4th wk Feb
5 '.606
Bt. L. A San Fran. 4thwk Feb
35.500
Bt.P.Minn.A.Man. lstwk Mar
4thwk Feb
Bcioto Valley
6,580
Bouth Carolina.
107,528
January... 125,167
75.814
Texas A Pacific.. 4th wk Feb
70,915
14.656
9,682
Tol. Delp. A Hurl. 4th wk Feb
Uniou Pacitic.... February ..1,759,863 1.374,740
Wab. St. L. A Pac. February ..1,13 R768
818.922
West Jersey
January...
53,447
48,5 49
28,155
lo,441
Wisconsin Cent.. lstwk Feb
112,41s
3,189.215
67,660
1,503 j>75
..
10.170
142.106
61,490
123,000
8,136
134.58 i
42,402
260 M()(;
>3 loo
6-3.000
500i000
3,000.000
Marine
Central Nat
Second Nation’!
Ninth National..
First National..
Third National
N. Y. Nat. Exch..
Bowery National
N. YorkCounty..
6 erm’n Americ’n
Chase National..
91 >,000
500\000
Continental......
Oriental
Importers’ A Tr..
18.897
70,692
269,000
Market
St. Nicholas
Shoe & Leather..
Corn Exchange..
727,021
1.28 4
38.29?
49.038
164.917
386.156
:...
Nassau
721.787
293,001
18.286
1,115.875
301,685
27,957
5.947
65 617
168,572
407.368
Metropolitan
255.262
54,136
121,586
1
37,560
.-.
i
7 123,0 >0
O../0I.--C j
h.o: 0.01)0
•1.731.000
(>ii,40>.
1,30 >.900
Obla¬
tion.
*
0 718.000
LOGO,000
422,700
1,500,000
450,000
200,000
700,000
1,000,000
People’s
North America..
A/w
'other
than V. S.
(33.000
10,30S.:;1)0
5,000,000
5,000,1100
1,000,000
Chatham
Hanover
Irving
198,583
177.580
.
Republic
329,258
57,243
66.169
54.790
26.834
16.270
111,906
136.880
129.275
158,154
36,122
...
Moh.
Tenders.
],5;o.ooi.
3,4104100
'<. 1
2.7VO.50O
1 ,»'‘I»1..')0,I
200,000
000,01-0
300,000
800,000
Net dept's
Lrjil
Specie.
10,3.40<X>
300,000
200.000
Mercantile
Pa-ciilc
350.670
717,515
153,09“
128.449
12,355
72.511
83,000
65.021
378.3 >9
17,010
221,(325
20,882
21,430
960,036
,G73.5(; 4
-,310
....
(orclis).,4th wk Feb
60.303
2,855
1,45 1.218
2
13,8 40
Pad. AElizabetht. 4th wk Jan
Pennsylvania
January...3,373.321 3,189,215
12,207
9,313
Peoria Dec. A Ev. 3d wk Feb.
Philadel. A Erie.. January... 252,727
224.303
Phila. A Reading. January.. .1,503,075 1.319,132
do Coal A Ir January... 948.391
814,246
3 wks Feb. 1176.400 1141,3.4
Bieh. A Danv
25,506
4th wk Feb
31.745
BLL.Alt.AT.H.
Do
292,259
973.433
4,243
Oreg’u K. Nav.Co. January...
•J(> 1 W
311.832
4 Uh>i
(>, if»7
274.212
Memp. Pad. A No. 4th wk Jan
Mii.L. Sli.A West. 1 st wk Mar
Minn. A 8t. Louis. February..
Mo. Kans. A Tex. 4th wk Feb
Missouri rPaei lie 4tliwk Feb
Mobile A Ohio
February..
Nashv.Cli.A St.L. January...
If. London North. January...
N.Y. AN. Engl’d. 3d wk Fob.
Norfolk A West... January...
Northern Central. January...
Northern Paeitte February..
Ohio Central
February..
Ohio Southern
February..
.
20.13 8
39,3 <2
1,109,927
2(5,134
.
$ 8.508
3 02 i
2,030,000
c,uoo.nou
2,onn,Oft(j
1,200,000
3,of >0.00.)
1,000,"00
i,000,01)0
1,000,000
COOgDO
300,000
5,000,000
1,000,000
..
2 » 306
20.023
139,512
iV
$60,575
!
New 'fork
Vlaeh.iitiin Co..
.loi'c,h.ints
dechituies’
;
Union
America
eiieilix
27.658
36.748
51 3.000
Cliarl... 2d wk Feb.
..
$5 3,50 8
f-3.08 t
53. 140
1<>.4 5
ID 1,315
1381.
1SS2.
>2 i
0,2.5'J
23,31) 1
Jan. 1 to latent date
1881.
lsV2.
Louisv.N.A.A Cli. January...
Maiue Central.
January...
♦
Capital.
<
second
Meuin.
fV0L. XXXIV.
100^
35
76
18*3
87
4
135
4*
4
3^
158
is"
85
30
80
85
81
- -.
7
;
Yi“
THE CHRONICLE.
March it, 1883.]
287
Wabash St. Louis & Pacific Railway
Company and the Central'
Railroad Company of New Jersey, by which
your lines between
AND
Red Bank on the
Allegheny
Valley
and Milton on
Railroad,
the Philadelphia & Erie
STATE, CITY AND CORPORATION FINANCES.
Railroad, will be used by the com¬
panies named, for the exchange of through traffic between
The Investors’ Supplement contains a complete Exhibit of the their respective lines. .Under this
arrangement the Wabash
Funded Debt of Stales and Cities and of the Stocks and Bonds St.. Louis & Pacific Railway Company and
the Central Railroad
of Railroads and other Companies. It i< 'published on the lost Company of New Jersey are to promote the construction of a
Saturday of every other month—viz., February, April, Jane, road between Red Bank and Youngstown, and if
they avail
August, October and December, and is furnished without extra themselves of the privileges thus alForclcd to them, both the
chary1 to a’l regular subscribers of the Chronicle. Single copies Philadelphia & Erie Railroad and the Low Grade Division of
the Allegheny Valley Railroad should be
are -add at $2 per copy.
benefitted thereby.
Tne contract was made in
pursuance of the policy which your
.ANNUAL ' REPORTS.
management deemed it wise t) establish, that of
permitting
Jimestmenls
‘
Pennsylvania Railroad Company.
(For the year ending December 31, 1881.)
'The annual report for 1881 shows a further improvement,
and presents the best exhibit yet made by the company since
the era of prosperity which began in 1870. It will be observed
that the trunk lines having a large coal traffic—Erie and Penn¬
sylvania, for example—were enabled to bear the railroad war
of 1881 without showing such heavy losses, comparatively, as
the other roads. Over and above ail expenses for interest,
rentals, advances, and the $000,000 paid for the purchase of
the use of your lines
by other companies, even though their
traffic might, be to a huge extent
competitive, and in pursuance
thereof the
Pennsylvania-Company
have heretofore extended
to the other trunk line
systems the use of your western roads, and
notably, in this direction, recently opened, under satisfactory
arrangements, saeli portions of their system to New York Lake
Erie & Western Railroad
Company as it desired to use for the
purpose of reaching the large commercial centres of the West.
It is believed that the advantages to
be obtained by the comm reial interests of the
country and by your company fropa the
adoption of this broad principle in the management of your
rail Aavs will more than
compensate for any loss that may occur
guaranteed securities, the company’s net surplus applicable to through the diversion
dividends wras $8,06
of traffic that
might be controlled by a
.,982, against $7,638,509 for 1880. The divi¬ more exclusive
policy.” * * *
“
dends paid amounted to 8 per cent, in 1881, against 7 in 1880,
In pursuance of the
authority conferred at the last annual
leaving a balance to profit and loss from the business of the
meeting, there were allotted to the shareholders in May, 1881,
year of $2,199,264 in 1881, against $2,817,055 in 1880. To these 176,051 shares of
your capital stock at par, so that the share
amounts should be added the profits in each year from the
capital
now represented by 1,553,455 shares, of a
is
par value'
settlement of old accounts and sale of securities, and we have a of
$77,'172,750. The shares of capital stock purchased from the
total balance to profit and loss for 1881 of $2,550,130,
against City of Philadelphia, that had not been distributed to the
$3,612,875 for 1880.
The preceding remarks pertain to the income account of the shareholders, were sold at their market value, and the proceeds
applied to the
Pennsylvania Railroad only, on its lines east of Pittsburg and be forgotten general purposes of the company. It should not
by the shareholders that the premium obtained by
Erie. A summary of the total business of 1881 for all
lines, east them on this allotment, added to the cash dividends
paid during;
and west of Pittsburg and Erie, in tonnage,
passengers and the year, was equivalent to a total dividend of twelve
per cent,
earnings, compared with previous years, is shown in the follow¬
“At the last annual
meeting you were advised that your
ing summary :
board had concluded a contract for the
ALL LINES EAST OF PITTSBURG A ERIE.
purchase of not less
than 92,000 shares of the
of the Philadelphia
capital
stock
1878.
1870.
1880.
1881.
Gross earnings..
$31,636,731 $31,620,279 $11,260,073 $14,124,182 Wilmington & Baltimore Railroad Company, with the option
Operating expenses. 18,468,001 20,382,740 24,025,018 26,709,^00 on the part of the sellers to deliver the whole issue
^Net earnings
thereof.
....
$13,167,740 $14,237,539 $16,635,025 $17,414,373
ALL LINES OPERATED EAST AND
WEST OF PITT.*BURG & ERIE.
1*79.
•oss
earnings from traffic
derating
1880.
1*81.
$60,362,575 $70,' 61.062 $75,182,973
35,639,794 42.179,485 46,243,277
expenses
Net earnings
$24,722,780 $28,581,576 $2S,930,695
1880
Number of
All Lines—
tons
lens.
,
one
Number of
mile.
tons.
East'f Pittsburg
and Erie
27,399,173 3,292,991,330
"Weet of same
22,302,291 2,426 038,735
Totals
—,
Number of
tons
one
mile.
32,606.261 3,700,811,373
25,914,352 2,903.856,815
49,701,464 5,719,039,065
....
1881
>
Number of
58,520,616 6,604,067,188
PASSENGER TRAFFIC.
1880
,
Number
All Lines—
of
1881
,
Number of
>
Passengers
one mile.
passengers.
9,665,994
382,787,186
321,783.885
18,0°5,409
10,701,576
416,310,555
364,865,113
26,241,036
704.571,071
29,686,985
811,181,668
passengers.
Bast of Pittsburg
and Erie
16,575,042
Westufsame
Totals.:
s
Passengers
one
mile.
GENERAL REMARKS.
Under the provisions of the trust created October
9, 1878,
there has been paid therein, to December
31, 1881, the sum of
$1,900,000, which, with the income therefrom, has been in¬
vested in securities
amounting at par to $2,027,950, yield.ng
an interest of 6 61-100
per cent, per annum upon the invest¬
ment. The statement of the insurance fund shows assets on
hand at the -end of the year of $843,802,
being an increase
over the
previous year of $107,521.
The construction of the Bread Street
passenger station in
Philadelphia, with
the substantial and spacious approach there¬
as to permit it to be opened for pas¬
senger business on the 5th day of December, 1SS1. Its cost,
exclusive of alteration of tracks in the West
Philadelphia yard,
was, on December 31, 18S1 :
to,
was so
far
completed
For construction
For real estate
Making
a
$2,233,507
2,038,761
total of
$4,272,268
“The negotiations referred to in the last
report for the
acquirement by your company of the control of the terminal
of
a
per cent, per
for the payment of which the faith of your
company is
pledged; they are further secured by a collateral deposit of
annum,
FREIGHT TRAFFIC.
,
Under this contract there were
acquired 217,819’
total issue of
235,901 shares, costing your
company $17,032,S79.
The funds for this payment were
supplied in part through the allotment of the stock
before alluded to, and in part
through the sale of $10,000000 of trust certificates, bearing .interest
at 4
out
200,000 shares of Philadelphia
road stock, at its par value of
Wilmington & Baltimore Rail¬
fifty dollars per share, with the
Pennsylvania Company for Insurances on Lives and Granting
Annuities,
as
trustee.
The dividends upon this stock, after
providing for the interest upon the then outstanding certifi¬
cates, are applied as a sinking fund to their purchase and
cancellation whenever they can be obtained at a
price not
exceeding par. Should the revenues of the Philadelphia
Wilmington & Baltimore Railroad Company be as satisfactory
in the future as they have been in the
past, the sinking fund
from this source will provide for the
redemption of the loan
long before its maturity, without any other contribution from
your revenues, and will therefore result in giving to your com
pany this valuable property at a nominal price compared witb
its
present value.”
EARNINGS, EXPENSE3 AND INCOME ACCOUNT.
RAILROAD—MAIN LINE AND BRANCHES, ITTTSfeURG
PENNSYLVANIA
TO
PHILADELPHIA.
1878.
1879.
Earnings—
General freights
1880.
1881.
$
$
$
$
15,904,501 17,016,988 20,234,046 21,229,201
Miscellaneous freights
191,336
285,016
278,347
170,919'
First-class passengers
3,176,296 3,336,798 4,110 797 4.702,753
Emigrant passengers
172,049
216,408
326,348
320,631
A<lains Express.1
270,563
309,798
351.812
442,466
Carrying U. S. mails
367,198
352,152
371,276
479,87
Miscellaneous passengers.
67,160
75,065
99,742
106,492
Rents
V
165,034
151,399
215,235
195,460
Total earnings
Motive power
Maintenance of cars:
Maintenance of way
General expenses
20,317,139 21,743,628 25,987,657 27,647,009
$
•$
$
4,751,993 5,319,345 5,705,010
2,950.951 3,235,49!. 4,003,728 4,379,352
1,260,474 1,4 5,401 1,805,747 1,650,520
1,862,786 1,971,503 2,488,729 3,201,215
365,461
367,167
433,935
532,372
Total expenses
10,921,103 11,751,620 14,051,485 15,468,469
$
Expenses—
C.muucting transportat’n. 4.181,428
Net earnings from operatfacilities in Philadelphia of the International
Navigation Co.
ingmain line A: l>rain*lies 9,396,036 9,992,007 11,936,171 12,178,540
at Girard Point
and Point Breeze were concluded, and a
corpo¬ Add interest from investration formed under the name of the Girard
mem s (in cash)
Point Storage
1,801,8 45 2,110,933 2,903,669 3,211,466
Company, in which your company has a controlling interest. Add interest from branch
roads for use of equipm’t
277,9 IG
241,461
243,519
266,692
Unfortunately, the large elevator was destroyed by fire on the Add
royalty from M. RR.
foth of April, 1881, and in consequence of the
Sc M. Co. on coal mined.
22.083
14,249
71,523
58,974
delay of the
insurance companies in
6,9 4.3
21,203
78,373
settling the loss, nearly six months Add sale of securities. Sec..
elapsed before the work of
Empire Line net e arnings.
23,856
131,777
280,005
58,383
rebuilding could be commenced, Add balance of int. acc’t..
4 9,738
thus
285,799
interfering very seriously with the export movement of
grain through this
Total
11,516,904 12,505,205 15.741,922 15,902,106
port, and largely increasing the cost thereof.
It is
Interest, rentals of branch
expected that this elevator will be rebuilt by
July 1st; the
roads, <fcc
5,192,439 •5,022,725 5,690,437 5,770/M.8
additional e'evator
building
the
property is now
almost ready for business. Their
combined capacity will be
over 2,000,000
bushels.” * * *
‘Aour board have also entered into a
contract with the
upon
same
Net income Penn. RR. Div. 0,324,464
7,4S2,4S0 lo,051,485 10,151,718
“On the United Railroads of New
increase of gross earnings, without a
Jersey Division the latge*
corresponding increase of'
[Voi. XXXIV.
THE CHRONICLE.
288
Through the system of car trusts organized by your com¬
equipment was further increased during the year
BELVI- by 1,000 stock,
1,600 box and 2,470 long gondola cars; in all,
1881.
5,070 cars, of which 1,570 were placed upon your main line,
$
2.000 upon the the Western lines and 1,500 sub-leased to the
7,152,711
1880.
1879.
1878.
CAR TRUSTS.
will
property
expenses, affords a reasonable hope that this
cease to be an apparent expense upon your company.”
UtUTBD NEW JERSEY RAILROAD & CANAL COMPANY (INCLUDING
DERE DELAWARE RAILROAD AND FLEMINGTON BRANCH).
“
pany, your
$
$
$
3,661,055 4,894,941 6,385,410
176/744 I Northern Central Railway Company and Allegheny Valley
Miscellaneous freights
131,146
106,309
132,338
Railway Company. Your board deemed it advisable to anticiFirst-class passengers
3,513,997 3,645,196 4,101,582 4,531,869
72,039 I
pafce the payment of the outstanding certificates of the Empire
Emigrant passengers
30,215
40,846
60,930 303,174
Car Trust, amounting to the sum of $1,073,000.”
*
*
*
Express..
193,373
235,064 265,093
194,606
Carrying U. S. mails
132,384
131,128
136,598
The Railway Equipment Trust of Pennsylvania, representing
50,045
Miscellaneous passengers.
34,278
35,397
43,298
Delaware & Raritan Canal
702,083
695,959
419,430 541,077 1,000 freight cars, at a cost of $595,000, and bearing interest at
8 per cent, per annum, was also extinguished bv the payment
Totalearnings
8,398,534 9,784,843 11,544,681 13,022,865 of the outstanding certificates.” * *
* “ During the year
Total operating expenses. 5,502,941 6,500,861 8,215,208 8,811,281 1882 series A and B of the Car Trust of Pennsylvania, amount¬
4,211,584 ing originally to $851,923,will, in like manner, be extinguished.”
Neteam’gs from operat’g. 2,895,592 3,283,981 3,329,473
Add interest received in
210,836.| The 13,784 cars placed on the lines east of Pittsburg
211,239
192,384
cash from investments..
296,520
through the system of car trusts represent a cost of
$7,501,050
The 5,500 cars west of Pittsburg
2,967,800
3,192,112 3,495,221 3,521,857 4,422,420 The cars sub-leased to other li
Total net income
linos eoutrolled by your
Earnings—
General freights
.
“
for divi¬
Total payments
dends, interest, &c
Net loss to
4,328,887
Pennsylvania
Railroad, lessee
867,250
company.
4,725,285
4,557,166
4.435,110
Total (20,784 cars)
939,889 1,035,308
1,136,775
The actual cost of operating the main line in 1881,
branches, was 54 37-100 per cent, of its receipts,
branch line, 55 95-100 per cent. In 1880 the cost of
the main line, excluding branches, was 51 98-100 per
302,865
excluding
and including
operating
On account of
1881, for cancellation
of certificates—
payment for 5,714
Amount canceled in full
$3,145,000
ears
Amount
$11,337,000
Dec. 31,
which there had been paid up to
2,125,000
paid on aocount of 15,070 cars
5,270,000
cent., ana
$6,067,000
Balance certificates outstanding December 31, 1881
including branches, 54 07-100 per cent.
COAL COMPANIES AND RAILROADS.
The actual cost of operating the United Railroads of New
Jersey, including branches and the Delaware & Raritan Canal,
The following tables show the gross and net earnings of the
in 1881, was 67 66-100 per cent, of the receipts from transporta¬
companies named for 1881, as compared with 1880, and also the
tion ; in 1880 it was 71 16-100 per cent.
amount of coal mined and sold, and the price received for same
The following table shows the revenue and cost per ton per at the
point of sale :
-Net Eamings■Gross Earnings
mile on each division operated by the company :
All lines east
United RR.
of N.J tC
Penn. RR.
d- branches, branches.
freight.
430*01
l487iooo
l°(54iooo
Length of road (miles)
1,169*91
Earnings per ton per mile.. O^iono
O^jooo
0362looe
Cost per ton per mile
Profit per ton per mile
1,887*41
OS57100o
O517iooo
04IB1000
01391000
$10,131,718
$9,016,176
$9,828,853
Balauce
From this balance
1881.
$10,051,485
1,035,308
the
of income for tlie year
following amounts have been deducted —
Payments to trust fund
Consolidated mortgage redeemed
$600,000
Deficiency in interest
315,109
Do
Advances
Sunb. Ilaz. & Wilkesb —Deficiency
Fred. & Penn. Line RR.
do
..
Am. S8. Co.—To meet int. guar by Penn.RR.
company was
responsible
of profit and loss
Balance to credit of profit
$8,515,041
6,167,704
6,130,108
profit on Pennsylvania Co.’s lines. $2,860,752
of Pitts. Ciu. & St. Louis
$2,384,933
and loss Dec. 31..
$7,793,948
$10,344,079
202,917
140,000—$1,699,949
1,836,838
$584,039
338,641
29,668—
893,013
JERSEY.
to
Value of united railroads of New Jersey
stock, reoetved on account of Harsi-
improvement
For real estate
$2,496,866
$3,434,509
liabilities of all kindsi
\
2,585,205
2,661,401
$88,338
Profit.$773,108
& St.
of Pittsburg as
Pittsburg, 1880
$2,772,413’
3,158,041
Decrease, 1881
$385,627
“The other lines west of Pittsburg, in connection
the company has assumed liabilities, or which
aggregate gross earnings of these roads
Expenses
75,383
154,444
earnings
with which
it control
Loss
:
Of this loss your company,
ble for
$5,998,198
$6,234,185
5,071,013
4,531,680
$927,154
$1,702,503
2,049,166
1,868,279
Deduct rental and interest
$941,124
under existing-
contracts, is directly or indirectly
$4,659,630
$3,158,011
through the ownership of stock, bat which are worked through
their own individual organizations, are the St. Louis Vandalia
& Terre Haute Railroad, Indianapolis & St. Louis Railroad, St.
Louis Alton & Terre Haute Railroad, Grand Rapids & Indiana
Railroad, and roads operated through its organization, and East
St. Louis & Carondelet Railway; the Cleveland Mount Vernon
& Delaware Railroad having, through foreclosure of mortgage,
passed out of the control of your company.”
1880.
1881.
Net
400,009— 672,808—
...
were
74,645
Balance, being net increase in Pennsylvania Railroad and
united railroads of New Jersey in construction and equip¬
during 1881
$11,243,744
7,809,234
chargeable thereto, including the net
earnings of the Columbus Chicago & In¬
diana Central Railway, paid over to the
The
$193,162
expended upon and charged
Philadelphia A Trenton Railroad.
Rentals, interest and
Net profit on lines west
above
Net profit on lines west of
$748,191
cipally old equipment
8,773,252
$11,270,119
-
Net loss on Pittsburg Cincinnati
Louis Railway Company’s lines
457,587
217,324
points
e
From this deduct—
$962,119
station, including ad¬
of property, prin¬
Net
liabilities of all kinds
AND BRANCHES.
station, West Phila
Amount
$9,028,456
deduct—
7,793,949
UNITED RAILROADS OF NEW
ment account
10,760,214
4,181,073
proceeds of property sold
mus
1880.
$18,260,245
9,745,203
and loss Jan. 1.
charged to profit and loss on ac¬
For construction
Lees proceeds sale
1881.
$19,788,671
$2,550,131
$922,681
Leas
Railway Company.
$3,612,875
$1,839,949
jacent property
the
Louis
Total earnings
For construction—
Broad Street passenger and freight station, and
tracks leading thereto
New passenger and freight stations, piers at
Philadelphia, new shops and engine house....
Additional third and fourth tracks and sidings..
Purchase of additional right of way
of the lines owned
of Pittsburg, operated by
Pennsylvania Company and the Pittsburg Cincinnati & St.
795,220
PENNSYLVANIA RAILROAD
Real estate at other
following statement gives the result
controlled by the company west
Rentals, interest and
$2,817,655
follows:
For equipment
For real estate—
Broad Street passenger
The
or
From this
expended and charged to capital account for
construction, equipment and real estate during the year were
count of old passenger
LINES WEST OF PITTSBURG.
$8,060,983
$7,638,569
The amounts
Less amount
not been so satisfactory
the American Steamship
Company since the commencement of its operations, and the
necessity for large outlays for its future maintenance, have
CONSTRUCTION AND EQUIPMENT.
as
The results of the past year have
for 1880. The financial results of
as
$2,199,265
350,866
account for year
Add amount realized from settlement of old
accounts, and profit on sale of securities...
Add am’nt to credit of profit
$746,322
$194,095
(7) 4,820,914 (8) 5,861,718
Dividends
Leaving balance to credit
$940,417
“
$1,767,870
$1,377,607
Showing balance to credit of income account
after deducting all payments for which the
$5,341,251
71,771
AMERICAN STEAMSHIP COMPANY.
175,973
242,621
157,464
50,000
15,000
90,000
17,040
50,000
15,000
in int..
326,849
48,907
264,814
caused your board to doubt the propriety of further diverting
your revenues to that purpose ; and to consider the question
$600,000 whether all that could reasonably be asked of your company
286,480 on behalf of the commercial interests of this port has not been
more than performed, and whether the promotion of steamship
143,332
7,000 lines should not be left to private enterprise.”
291,000
27,423
29,459
7,000
25,574
Northern Cent. Railway—One-half loss
Baltimore & Potomac Railroad—Advances
Shamokin Coal Co.—Advances
Phila. & Erie—Deficiency in interest
Allegheny Val. RR.-
302,865
•
701,175
1,269,762
114,468
25.875
1.028,469
$766,606
Increase
FOR 1880 AND 1881.
Division
$360,828
$6,107,858
Totals
detailed income account
Railroad Co. for the years 1880 and 1881:
Net income Pennsylvania RR.
Net loss New Jersey Division
$473,223
$2,311,844
Q3401000
1880.
1881.
1880.
1881.
Susquehanna Coal Co.. $2,770,958
Summit Branch RR. Co. 1,107,830
Lykens Valley Coal Co.
755,031
Mineral RR. & Min. Co. 1,474,035
following statement shows the
of the Penm ylvania
•*
<£• Eric.
05541009
O4231000
GENERAL INCOME ACCOONT
The
of Piltsbg.
Phila. t£
Erie RR.
287*49
responsi¬
260,486
THE
March 11, 1882.]
Which, deducted from the profit before etated.$2,772,413
Leaves a
burg
net profit on all lines west of Pitts¬
........
s
Showing a de< reuse for 1881
of
CHRONICLE.
$3,158,041
INCOME ACCOUNT,
„
$2,511,927
560,124
$3,072,052
Pennsylvania Company, after providing for and paying
^11 its fixed and adjudicated obligations, was enabled to pay a
dividend of five per cent upon its full-paid capital stock of
the credit of profit
twenty millions of dollars, and carry to
Of the issue of
$1,866,183.
$3,200,000 of the Pennsylvania Company’s bonds, secured by
Pittsburg Fort Wayne & Chicago Railway stock as collateral,
$385,000 have been redeemed through tne operation of the
jinking fund, leaving the amount outstanding, $2,815,000.”
GENERAL ACCOUNT, DECEMBER 31.
1881.
1880.
.
Receipts -
“The
and loss account a surplus of
289
$
$
Net earnings
Interest and dividends
Other receipts
11,910,015
Total income
Disbursements—
Interest on debt
13,204,417
1,010,153
£84,249
'
$
5,174,473
114,315
(6) 3,045,738
434,000
1,779,811
Discount, interest, premium, Ac
Dividends
Sinking funds
Due United States
11,778*474
1,332,678
on
year’s business
Total disbursements
13,111,152
9
4,819,128
117,196
(7) 4,076,134
307,000
1,653,359
10,548,337
2,656,080
Balance, surplus
10,972,817
2,138,335
ASSETS.
1879.
$
1880.
1881.
$
$
estate accounts for the railroads
Pittsburg
59.975,139
25,520,578
31,723,967
..
63,263,073
23,734,825
30,742,961
67,692,875
19,690,474
52,953,573
Cost of bonds and stocks of muni¬
cipal corporations, coal com¬
panies, canal companies, bridge; •>!M
companies and investments not
8,237,137
Managers of Trust created by
Penna. RR. Co., Oct. 9, 1878...
700,000
Insurance fund
If orts. A ground rentals receivable
Amount expended for the pur¬
chase of anthracite coal lands..
Appraised value
of
owned by United
7,355,896
7,075,109
1,300,000
1,900,000
10,000
29,735
10,000
10,000
69,735
88,661
792,315
764,256
738,011
securities
N. J.
Com¬
panies and transfer’d with lease
Equipment owned by United N.
J. Cos. and transfer’d with lease
Amt. of fuel A materials on hand
Amount of bills and accounts re¬
3,89o,584
3^895,585
3,895,585
3,419,004
3,163,705
2,805,855
1,845,241
2,815,116
3,313,332
made to railroad corporations
for construction and purchase
of equipment used
on their
Cash in hands of
freight and
339,358
21,501
21,501
263,418
1,026,3.;0
419,734
5,988,248
1,158,936
399,411
1,139,280
500,976
8,870,491
1,155,035
441,877
1,252,200
655,421
8,192,460
1,141,997
2,009,087
1,629,808
1,831,714
3,223,034
2,005,842
1,673,103
pas-
Total
118,983,049 154,256,894 175,547,876
LIABILITIES.
Capital stock
:
1879.
1880.
$
68,870,200
68,870,200
$
77,672,750
60,546,367
1,499,937
57,906,186
1,834,112
$
1881.
Funded debt (as per Investors’
Supplement)
58,962,975
Morts. and grouud rents payable.
Penn. Co. for Ins. on Lives, Ac.,
Trust Certificates”
Accounts payable, viz.:
Balances due other roads
Pay-rolls and vouchers for Dec...
Bills payable
Cash dividend unpaid
Dividend scrip outstanding
Sundry accounts due otlier roads.
Securities owned by the United
N. J. Railroad & Canal Comp’y,
transferred with the lease
Equipment of United N. J. RR.
& Can. Co., transfer’d with lease
Fund for the purchase of securities
guaranteed by the Pennsylvania
RR. Co, under trust created Oct.
1,304,779
“
9,1878
Consol. mortgage bonds redeemed
Balance to credit of profit and loss
Total
10,000,000
394,477
2,787,098
1,040,000
127,507
1,893
341,090
3,466,948
524,370
4,343,979
153,199
85,672
1,708
3,307,641
1 299
2,955,599
2,590,156
3,895,585
3,895,585
3,895,585
3,419,004
3,163,704
2,805,854
?~
Total
K
) 19.507,615
Advances
Int. on U. S. bonds in excess of sink. fund.
Materials, fuel, Ac
Union Pacific bonds and stock owned
Denver Extension sinking fund
Coal lands and mines
Bonds and stocks held in trust
Land department assets
117,305
1,877,300
349,562
3,164,477
164,046
2,185,950
6,384,190
106,178
t2,195,950
6,074,212
199,545
185,165,541
Liabilities—
Stock.
Funded debt (see Supplement)
United States subsidy bonds
counts, less cash
on
200,477,246
1880.
1881.
50,762,300
82,623,114
60,868,500
33,539,512
12,133,970
33,539,512
12,590,388
1,519,835
782,721
3,804.083
4,035,078
780,706
6,544,868
185,165,541
200,477,246
Accrued interest due on subsidy bonds....
Bills payable, and all other dues and ac¬
82,118,133
hand and sundry
700,000
343,460
4,181,073
1,300,000
634,460
7,793,949
1,900,000
925,940
10,344,079
148,983,649 154,256,894 175,547,876
(For the year ending December 31,1881.)
The report submitted at the annual meeting contained only
the statistical matter without remarks upon the company’s
progress or condition. The figures are tabulated below in com¬
parison with prior years. In the land department there were
sold daring 1881 from the Union Pacific land grant 96,059 acres
for $474,343, or $4 93 per acre ; from the Kansas Pacific grant,
99,478 acres for $425,978, or $4 28 per acre. Of the Union Pacific
land grant bonds $5,384,000 remain outstanding, and there are
$4,314,418 in land contracts outstanding, which will be applic¬
able to the further
payment of these bonds.
.
Earnings—
'
Passenger-Cash
Government...,
Freight-Cash...:
Government
Company
*ail, express, Ac
Total gross earnings
Operating Expenses—
Maintenance of way
Renewal of rails
1879.
$
4,236,870
169,928
10,572,805
443,435
1,051,155
1,566,073
(including taxes)...
Net earnings
Per et. of op. exp. to
earn’gs.
1880.
$
1881.
5,171,115
4,922,711
234,010
208,860
15,075,515
484,013
1,503,599
2.064,119
13,406,910
469,025
1,342,572
1,831,502
$
510,710
1,109,676
4,424,871
2,132,692
439,908
473,199
24,258,817
$
2,179;071
1,700,426
5,185,906
2,482,588
394,011
538,341
8,368,837
9,671,429
10,545,119
11,910,015
12,480,343
11,778,474
46*38
46*96
51*45
18,040,266
22,455,134
$
1,701,536
1,964,773
816,853
Maintenance of equipment.3,346,147
iTaLsportation expenses
1,555,833
^es.
General
*
Stocks and bonds of other companies owned by the
which connect with it and contribute to its earnings:
’438,758
Union Pacific and
Slocks.
Union Pacific Railway
Omaha Niobrara A Biaek Hills
Omaha & Republican Valley.
8t. Joseph A Western
Bonds.
$160,150
977.000
'977,000
786,000
1,572,000
1,536,200
Marysville A Blue Valley
61,000
320,000
4,259,400
6,232,000
465,000
231,000
Echo A Park City
Utah A Northern
Colorado Central
Lawrence A Emporia
;
Salina A Southwestern
St. Joseph Bridge Building Company
Ceutral Branch Union Pacific
Kansas Central
Utah A Nevada
Manhattan Alma A Burlingame
Nevada Central
Denver South Park A Pacific
Atchison Colorado A Pacific
Wahsatch A Jordan Valley Railroad
Manhattan A Blue Valley
Colorado Ceutral of Wyoming
St. Joseph A Pacific first mortgage
Kansas A Nebraska first mortgage
128,000
480,000
4,414,000
*1,701,000
465.000
540,000
784, OoO
500,000
858,700
917,600
438,500
1,016,000
418,659
339,000
250,000
912,500
4,100,900
901,000
150,000
510,000
10,000
500,000
130,000
1,274,569
1,076,361
375,000
Hastings A Grand Island Railroad
Utah Central
Utah Southern Railroad extension
St. Jo. & Denv. City receiver’s certificates
St. Louis Council Bluffs A Omaha
Total
1,878,100
975,000
113,000
19,500
$25,835,700
1 Securities held by
Union Pacific Railroad.
$
156,878,669
*12,755,754
*16,375,055
2,563,360
154,743,629
Total liabilities
Philadelphia A Erie RR. Co..
Total
1881.
:
UnitedN. J. RR. <fc Canal Co.—
Construction
Sink, fund A redempt’n acct.
Real estate
Other companies
;
p
Railroad, buildings, equipment, Ac
Stocks owned, cost
Bonds owned, cost
balances
Interest accrued not due
Balance of income account
ceivable, and amounts due from
otlier roads, including advances
lines, vi
1880.
$
Assets--
Construction, equipment and real
between Phila. and
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
$20,920,430
trustees of consolidated mortgage bonds:
Junction
City A Fort Kearney Railroad
A Boulder Valley Railroad
..
Denver
Solomon Railroad
Golden Boulder A Caribou Railroad
National Land Company
Total
Stocks.
Bonds.
$720,000
$970,000
538,000
2,001,006
60,000
575,000
60,000
94,800
$2,875,800
$2,143,000
Hannibal & St. Joseph.
(.For the
year
The directors present
the following account of
ending December 31,1881.)
the report for the year 1881, showing
income :
$2,257,231
Earnings of the road
368,332
Income from other sources
$2,625,563
Operat’g exp., including taxes and car service... $1,452,618
Coupon interest
Dividend of 7 per cent, or
654,640
355,810—2,463,068
preferred stocks
$162,495
108,681
Expenditures in construction and equipment
$53,813
The President remarks: “ You have
item of accounts payable, shown in the
no
floating debt, the
general balance sheet,
being only for the vouchers and pay-rolls for December, not
payable until January, 1882, and fully covered by cash and
available assets.
The bills payable shown at date of last
report ($66,825) have been paid. They were notes held by
the Michigan Car Company, which matured from month to
month until October, 1883.” *■ * * “The 100 grain cars
commenced last year are completed and in service. To meet
the demands of a largely-increased mail service, two new cars,
64 feet in length, have been commenced, and will be out of the
Consolidation Coal Company.
eliop during- the spring. The sale of land continues active and
collections are promptly made. The cash receipts for the year
have been :
From assigned contracts
From live ami outside lauds
The annual
From interest
$201,03 2
79,852
375
-
ing fund), but
“From
$20!,732
from lands over expenses was
has paid the interest on the bonds of ljS78 and $175,000 of
the principal has been retired.
Only $140,000 of these, bonds
remained at the close of the year 1881, $50,000 of which have
at this date been drawn.
On the Lt of May a new land trust
was created (subject to the old assignment for redemption of
the land bonds of lS7s>), pledging the entire land revenue for
the redemption of the. bonds of old mortgages in excess of the
Under this the
amount of the new consolidated mortiiage.
trustees had received to January 1, 1882, $29,041, and at this
date they have in hand $37,705, of which $37,000 has been
invested in Hannibal Union Depot Company’s bonds, taken at
par and beating 0 per cent. interest. Investments of this fund
in approved securities will be made from time to time, as it
accumulates. On all cash balances the Trust Company allow
interest at 8 per cent,.”
In reference to the contest between the company and the
State of Missouri regarding the payment of the $3,000,000 to
the S’ate, Mr. Dowd says: “Before the payment was made a
law was enacted by the Legislature of Missouri, providing for
the application of ihe money to the extinction of the outstand¬
ing 0 percent indebtedness of the S ate. The actual amount
in controversy is, therefore, the loss of interest to the State
between the time of the payment to her and the time of the
application of the money by her The time has already arrived
at which the greater part of the money can be immediately
applied.”
The statistics of operations, income, &c., for four years past,
are compiled for the Chronicle as follows :
and
operat’d, m.
Locomotives
Pass, mail <fc exp. cars
1880.
1881.
292
292
292
292
72
40
78
46
78
49
76
47
1,313
1,313
1.220
1,303
3b0
370
580
571
Tot. road
Freignt cars
Coal A: all other cars
EQUIPMENT.
1879.
.
1878.
Passenger
257,916
1879.
282,379
324,220
19.925,041
miles# *... 19,108.(.70 21,545.308
2* /0 eta.
2
mPe.
Freight (ions) moved
2'87 eta.
5 4 3,472
Av. rate p. tou p. m.
1-295 cts.
Hate p. pass. p.
0 J2,5.53
$302,717
Leaving balance to credit
also holds as a cash asset $100,000 of first
bonds of the Cumberland & Pennsylvania Railroad,
acquired in 1875 by the payment of $98,000 in cash from earn¬
ings, as mentioned in previous annual reports.
There
....
Total gross earns.
Operating expensesMaiut’ce of way, Ae.
MaintTiee of equip..
Transp* itat’n exps..
—
General expenses
MiscelJall’s expenses.
(inelnd'g tax’s)
earnings
Tot.
Net
175,681
1,713.079
291,172
1,529,832
180,514
2,015,450
1,997,405
2,561,390
$
313,009
177,423
026,860
108,648
$
262,518
181,(-84
$
271,835
221,178
2,257,231
$
350,039
523,457
13 1.04 3
530.0(4
38.543
121,720
119.464
1,205,094
780,350
1,223,422
773,983
1,304,590
1/313,4 82
Freight
Mail, express,
540.885
l,256,b00
Receipts
-
1879.
$
$
“The
780,350
Net earnings
Premium on bonds...
‘Miscellaneous
Lauds & 1. gr. bonds.
Total income
Disbursem cn ts—
Interest on debt
1,256,800
•
1,514
0,35 4
63.610
41.795
297,107
1,454,707
1,072,604
1,326,764
1,188,271
$
$
057,320
•
.
$
819,939
288,97 8
93.560
Dividends
Tot. disbursem’ts.
Balance, surplus...
1881.
580,791
009,000
on pr. st’ir
Hire of ears
Old debts
Add’s, to prop. &eq..
773,933
37,559
$
$
054.010
054,6 10
(6^)330.395
(7)355,810
5,180
15,326
412,200
352,507
139,902
142,413
103,631
1,454,707
797,222
1,132,033
194,131
1,134,157
53,314
275,332
ALANCE AT CLOSE OF EACH FISCAL YEAE.
1878.
1879.
$
$
Assets—
lings. I
5
equipmen t, &ee
Land gr.bonds held..
8tks.,bds.,&c..foi- inv
j 13,392,427
419,000
1880.
$
1881.
$
13,575,824
13,718,241
13,526,923
158,000
29,655
19i,084
143.000
135,000
38,727
140/270
Bills & ace’ts rec’ablcj
18/00
83,185
Materials, fuel, Ac...
on hand
82.318
80,011
92,133
29,708
130,410
140,771
198,019
226,845
535,002
470,512
0,497,640
2, ■•55,342
323,757
0,497,040
2,755,342
124,425
0,497.040
2,555,342
0,497,010
2,555,342
115,038
23,570,28S
23,441,850
$
Oask
D.sc’t, Ac., on bds. A
depree’n of equip’t.
Land department....
Miscellaneous items.
Total assets
$
9,108,700
5,083,024
8,033,0(0
70,457
305,185
213 934
154.483
150,714
334,030
120,350
0,017
153,854
2,630
336,549
150,340
23,570,283
23,441,850
9,D 8,700
Stock, preferred
Bonds (see Suppi.k’t)
5,033,024
8,700,010
5,083,02 t
8,033.* 00
23,901,944
',012
9,138,700
Total liabilities..
23,814,870
$
9.163,700
5,033,024=
8,033.0u0
133,227
$
Liabilities—
Stock, common
Bills A acets. pay’blo
Unpaid coups. A div.
Int. on 1. #. bonds held
Bal. from rev. acc’nt.
Gen. prolit and loss..
117,015-
31
•
24,490
rendered possible only by the extensions and
improvements of the mining department of the_ company,
referred to in the last annual report. There has also been an
increase of the output of the entire region—an encouraging
fact, in the face of the active competition of lower priced steam
coals, foreign and domestic. The decrease in the business over
1,487.292
819,939
$
185,656
preceding exhibit shows a large increase in the output
of the company,
2('8.28~i
1830.
508,244
759,903
Increase
INCOME ACCOUNT.
1578.
mined and delivered from the company’s mines—
•
Tons.
1880
18sl
In Ihe year
in the year
017,299
151,<52
110,314
155,169
were
.
$
$
553,839
5t
$97,717
of profit and loss —
The company
ets.
$
0,870
1,*247,835
182,69 4
$
550,887
Earnings—
Passenger
1 21
205,00©
mortgage
107,8: 0.3. 9
FTg’ht (tns) mileage. 100,012,716 111,987,171 120,605,740
lOcO eta.
1
1-U07 eta.
$-15,419
Total balance to credit of prolit and loss Dee. 31st. 1SS1
From which deduct dividend payable Jan. 27th, 1882........
2*50 eta.
661.3 40
710,730
$219,916
87,29s
railroads is due to the G. C. & 0. R. It. havin
during the past year, over which line a sma
portion of the output of the region passed. The general pros¬
the company’s
been completed
perity at prosent prevailing in the business of the country
warrants the expectation of an increase in the company’s busi¬
ness for the year 1882, with more profitable
results, it is
hoped, than have been possible with the extreme low prices
that prevailed in the spring and early summer of the past year.
For the first time in the history of the company, its extensive
shops at Mt. Savage have been actively engaged (since July
1st last) in manufacturing locomotives and cars for the general
market, and we have now contracts on hand that will occupy
the full capacity of the shops for the whole of the year 1882 at
remunerative prices.”
352,370
20.948,;' 99
64 eta.
$135/335
prolit and loc.s Dec. 31st, IS ?U..
1831.
1830.
02,070
credit of profit and loss
Add balance to the credit ol:
or ERATIONS AND FISCAL RESULTS.
Operations—
passengers carried..
...
Leaving balance to the
pany
1878.
1,932,458
funded debt for the year 1881 ..$150,939
Sinking-fund for the year 1881
the company’s treasury, and appears among the items of
income.
From the balance, rim Fanners Loan Trust Com¬
KO.hI)
including rails and extraordinary-
Net receipts.
The interest on the
land income was paid into
this, $37,5r>9 of me free
{For the year ending Dec. 31, 1881.)
'
report to the stockholders gives the following:
The gross receipts from mines, railroads, rents, etc., (includ¬
ing value oi stock of coal on hand) were
$2,417,794
Total expenses of every kind (exclusive of interest and sink- .
$28 1.200
•Tlic net income
\ rvoL. xxxiv.
11
CHRONICLE.
THE
290
102.495
GENERAL INVESTMENT NEWS.
Tunnel & Western.—At Albany, March 8,
hearing before the Attorney-General in the application to
annul the charter of the Boston Hoosac Tunnel & Western
Railroad Company took place, and Mr Burt’s counsel were
heard in opposition to the application. The Attorney General
reserved his decision.
—In Boston it is stated that the contractors for the proposed
extension of the Boston Hoosac Tunnel & Western Railway are
Messrs. Bowen & Woodward, of Sherbrooke and Quebec, and in
connection with them are Reed, Bowen & Co., of London, Eng.
Brooklyn Elevated.—Judge Gilbert 'handed down his
decision continuing the injunction to prevent the construction
of the Brooklyn Elevated Railroad, known as the Bruff road,
in York Street.
He holds that the receivers of the company
are not the assignees of any right, property, or franchise of
the railroad corporation.
Conceding to the company the right
under the General Railroad Act to take private property
against the will of the owner, this rfglit does not pass to the
receivers. They are merely officers‘of the court to protect the
interests of the trustees for the bondholders. The rights of the
plaintiffs to light, air, and the use of the streets, even if
they do not own the land in the streets in front of their
property, would be invaded directly by an elevated road. The
question whether such invasion is a “taking”of property,
Boston Hoosac
the
judge says, is not conclusively settled. But the absence of
provision for compensating the plaintiffs, the insolvency of
corporation, and the lack of authority on the part of the
receiveis to exercise the right of eminent domain delegated to
the corporation, are sufficient reasons for continuing the
the
any
the
injunction.—AT. Y. Tribune.
Buffalo New York & Philadelphia.—This company
reported to have leased the Genesee Valley Canal Railroad,
extending from Olean to Rochester, a distance of 110 miles, and
the following other roads : Kendall & Eldred, Bradford &
Klnzua, McKean & Buffalo, and the Olean Bradford & Warren.
With these leases is acquired 16,000 acres of land in McKean
and Elk counties, Pennsylvania, owned by the Buffalo Coal Co.
Central of New Jersey.—The Chancellor of New Jersey has
appointed Henry S. Little as Receiver of this company, vice F.
S. Lathrop, deceased.
Mr. Little is President of the New Yorfc
& Long Branch Road, and also a director of the Jersey Central.
Chicago Burlington &
31 i3 as
-
/
1381
1880
earnings
and for the year ending December
follows, taxes for 18S0 and 1881 not included:
Full Dwr.
/“*
December.
Gross Earn's.
Net Earn's. Gross Rani's. N*tR<Hrn*:
..1,905.490
1,034,290
21.176,455
..:
Increase
Decrease
.
1,552,017
870,007
20,454,49 4
353,472
103,083
721,901
476,083
23,844,870 23,901,841
Quincy.—The statement of
for the month of December
11,091,00®
489,405
JlAEcn 11,
188*1,]
THE CHRONICLE.
Chicago & Eastern Illinois.—Some disturbance has been
occasioned by the decision of the U. S. Supreme Court revers¬
ing the decree of foreclosure under which the Chicago Danville
Mr. William Armstrong, soli¬
& Vincennes Railroad was sold.
citor for the Chicago & Eastern Illinois, said to a Chicago
Tribune reporter that the case was appealed to the Supremo
Court on behalf of certain second mortgage bondholders, and
he says the effect of the decree wilt be That the first mortgage
bondholders will be entitled to their lien, which amounts to
$2,50°.()00, with interest at 7 per cent for about 4en years.
-
The stockholders of the Danville & Vincennes hold their
stock subject to the mortgage indebtedness, and also sub¬
ject t > the equity <-f the Chicago & Eastern Illinois, which
is the value of all the property they have added since
they became the owners of the road.
The stockholders
of the Chicago & Eastern Illinois own the stock of that
corporation, which owns a large amount of-property inde¬
pendent of what they purchased or obtained under and
by virtue of the decree. It may have the effect to require
the mortgage to be reforeclosed, but it still allows tile old
suit to remain pending—simply sets it aside so far as the
decree of foreclosure is concerned. It will be difficult for the
Danville & Vincennes people, or anybody wh*» lias any stock in
that road, to derive any benefit from this adjudication.
They
will have to pay off the original mortgage, with interest, and
also pay the Chicago & Eastern Illinois for all the improve¬
ments and the property added.
The road is now far longer
than that of the old Danville & Vincennes. They never claimed
to own more than 110 miles, while the present road embraces
the one from Terre Haute to Danville, under a perpetual lease,
and considerably over 100 miles more, and has added largely to
the rolling-stock. The following is an abstract of the decision
rendered on Monday by the United Srates Supreme Court:
Tho Cliicaso‘Danville & Yin:er,ncs Railroad Conipanj", n]>p< Hauls, vs*
William E. l osdick el. al — Appeals irom the, Circuit Court, of the United
States tor tho Northern District of Illinois.—These appeals arise out of a
sail brougnt by Fosdiclt et
as mortgagees in trust for holders of
bonds, for tho foivrlosure of a mortgage given by lhe Chicago Damille
& Vincennes Railroad Company upon its railroad, and a sale of the
mortgaged premises. A decree in accordance with the prayer of tin* bill
was rendered by the court below, and under it a sale was had and eonfirmed. From tins the present appeals are pro ec-uted by
the rail oad
•oompuny. The company assigns, ns er rors in the decree of foreclosure
and sale, first, that the court below ro mired from the
mortgagor or pay¬
ment of the principal of the debt secured by the mo tgage, as if it were
then due, and, on non-payment thereof within twenty days, that the
mortgaged property should be sold: s» cond, that, it decreed foreclosure
and sale on this condition without proof of the written
request of the
holders of the majority of the bonds. This court holds that the fl st
assignment of error is well founded, inasmuch as the decree below denied
to the mortgagor the right to redeem its property, and thus prevent the
sale by paying, not the unmatured principal of rhe debt, but
simply ihe
interest then due and in arrears. The denial of this right was.
in the
opinion of this court, a subs antial and serious wiong.
The s oond assigi merit of error is, this court thinks,
equally well
founded. Even had the trustees rightfully declared the principal sum
of the mortgage debt duo and given proper notice thereof, nevertheless
tho foundation for proceeding to foreclose for that- cause aim for the
dcoree requiring payment of that amount would fail without proof that
the bill had been tiled for that purpose upon the written request of tlie
holders of a majority of the bonds then outstanding. It is not disputed
that no such proof is to ho found iu the record. For these reasons the
decrees are reversed and the causes remanded with instructions to
proceed in conformity with this opinion. Justice Matthews delivered
Chief-Justice Wait«* and Justice Harlan dissent, express¬
ing the opinion—first, that tho default having oceu.Tcd and continued
more than six mouths, tho principal of all the bonds scoured
by the
mortgage became immediately due and payable; second, tlmi, the
trustees of the mortgage were not precluded from instituting proceed¬
ings for the foreclosure of the mol t-age in case the safety of tho trint
made it necessary, no matter whether they had been requested iu
writing to uo so by a majority of the bondholders or not.
the opinion.
t
•
Chicago & AV,‘Stern Indiana.—The Chicago & Western In¬
diana has issued stock to the amount of 50,000 shares at $100 a
share, to be divided as follows: The Chicago & Western
Indiana, 35,000 ; South Chicago & Western Indiana, 5,000;
Chicago & Western Indiana Belt, 10,000. Total, 50,000. This
stock is issued to the stockholders of the
companies parties to
the consolidation of the three lines which took place
lately, and
to be given them
upon the
of organizations existing
surrender of the certificates of stock
before the consolidation.
Of the
$10,000,000 mortgage bonds to be issued to equip the road, buy
new
rolling stock, for the erection of depots, station houses,
docks, &c £3,800,000 is to be set aside for the purpose of paying
off the indebtedness of the
companies as they existed previous
to £he consolidation and
place the new organization on a solid
footing. The leases for right of way privileges to the Grand
Trunk Wabash St. Louis & Pacific and Louisville New
Albany
& Chicago have been renewed, a
sinking fund created, and the
organization completed. J. B. Brown will be General Manager
as well as President of the hew
organization.—Exchange.
Cleveland Columbus Cincinnati & Indianapolis—CincJnnati Hamilton &
Dayton.—At Columbus, O., March 7. in the
case of the State of
Ohio, on relation of the Attorney-General
against W. H. Vanderbilt et al., the Supreme Ccurt decided in
favor of the plaintiff by allowing
judgment of ouster, thus
preventing the consolidation of the Cleveland Columbus Cin¬
cinnati & Indianapolis and the Cincinnati Hamilton &
Dayton
roads. These roads were controlled .to some extent
by Mr.
Vanderbilt, and consolidated last September under the name of
the Ohio Railway
Company. Messrs. Jewett and Vanderbilt
have been in litigation over the matter since the consolidaTon
was
effected; and this is the final adjustment of the case. It is
held by the court that the lines
running from Toledo to Cin¬
cinnati and from Cleveland to Cincinnati are
competing, and
fcnder
,
the Ohio statutes cannot be consolidated.
Denver & Rio Grande.—The Tribune reports
concerning
the dividend that General William J.
Palmer, President of the
company, sailed for Mexico on last Thursday. On the day the
291
steamer h*ft. he sent for several
gentleman
interested in the company. He was in-*t
who
are
prominently
by Charles F. Woerislioffer, Henry Amy, uf II. Amv & Co., Henry Morgan, of
Matthew Morgan’s S..ms, and L H.
Meyer, of Nassau Street.
The Treasurer and Auditor of ihe
company were present also.
General Palmer showed his advisors the general balance sheet
of the company <>n December 31, 1881.
He said that, the
com¬
had
11 citing deb- as c >uld be in the ease of a
company slid engaged in construction ,work. “That is the
position of the company at present,” lie said. “ Now about the
pany
future.
as
small
a
Should the imxt dividend
on the stock
be.paid?” Mr.
Amy and Mr. Meyer opposed the payment of
any dividend unless ir was ch arly earned.
Mr. M*-yer though^
it would strengthen the company not to
pay dividends under*
any circumstances until all the work■ of construction was fin¬
ished. At any rate, he argued, the next dividend should not
be paid if not earned.
General Pahn~r said that, personally,
he did not favor
paying the dividend ; hut. as the President of
the company, he had to consider what the
foreign stockholders
could jii'tly claim from him. He showed advices from London
urging the payment' f the next dividend absolutely. Mr. Mor¬
gan’s views coincided with those of the foreign holders. Before
any decision was reached in the mailer General Palmer had to
Wo erishoffer, Mr.
start for the steamer.
E st
Tennessee
expenses
Virginia & Georgia.—The earnings and
of this consolidated road for the six mouths ending
December 31, 1881,
were as
follows
r.AlONlNOS.
From
From
From
From
SI!7,Go7
passengers
freight
|
EX TENORS.
Maintenance, of way...
1,102.339 1 milling stock
09 919 j Transportation
15,472 Miscellaneous, inolud’g
$104,933
3 13,016
,.
mail and express
other
]
:
aouices.
I
Total
24G,lt>6
..
..
$1,735,588
|
taxes
'
Total
Net earnings
120,143
$1,019,058
$715,929
.'
Kansas Pacific.—kidney Dillon, as President, of the Central
Branch Union Pacific Railroad Company, has just, concluded a
sale to
Henry R. Low, of Middletown, N. Y., of all the Central
Branch Railroad lands in the State of Kansas,
amounting to
about 55.000 acres.
These lands lie mostly in the counties of
Brown, Jackson, Nemaha and
Pottowatomie, and embraoe
fanning lands in the State.
Manhattan Elevated.—At meetings of the Manhattan, New
York and Metropolitan elevated railway companies, a resolution
making the interest on Manhattan second preferred stock
(Metropolitan converted) cumuladve was adopted by each.
This action was taken as a compromise with the Me.ropolitan
some
of the finest
stockholders.
Marietta & Cincinnati Rail t oad.—The new and revised
agreement for reorganization has been signed by the Balti¬
more & Ohio Railroad Company, as the largest holders of its
securities, and of a controlling interest in the stocks of the
Cincinnati &
Baltimore and Baltimore Short
Line
Railway
companies, and by the Reorganization Committee, and holders
are now depositing their securities thereunder.
The following are some of its more important provisions?
It secures from the Baltimore & Ohio Railroad Company the
full release of a claim now in litigation which, if decided
against the Marietta Company, would establish a prior lien
upon it overall present mortgages of more than *3,000,000.
It provides for the permanent consolidation of the company
with the Cincinnati &
Baltimore and
Babimore Short
Line
companies, thus gaining a continuous line from the Ohio River
to the City of Cincinnati.
It reduces the fixed charges from
$1,419,428 to about $650,000, an amount which, it, is estimated,
can be met by the net earnings of the company.
The road has been recently steel-railed lor its entire dis¬
tance, and the plan provides for sufficient means to be realized
from the assessments for reorganization to fully equip the
road and place it on an independent running basis
This will
secure an annual saving of about $65,000, which has heretofore
been paid for rental of equipment.
Holders of securities must deposit them with the Farmers*
Loan & Trust Company, ‘26 Exchange Place, New York, before
the 15th of April next, and will receive in exchange the Trust
Company’s certificates of reorganization.
Mariposa Land and Mining Company.—Notice is published
that an assessment of five dollars on each share of rhe preferred
and common stock is now due and payable on or before March
9, lcS2, when it will be delinquent; and a stock dividend of
thirty per cent has been declared, free from present assess¬
the stock upon which all assessments shall bavs
cash, or shall not be delinquent.
The previous
assessment of twenty-five cents per share and stock dividend of
ten per cent are to be credited on this assessment.
Mexican Central.—A circular recently issued by this com¬
pany says that on the 12th of the present month the track had
been laid from the City of Mexico (including the 37 miles of
narrow-gauge road purchased by the company) 190 miles, and
from Paso del Norte, south, 84 miles; total. 274 miles. Iu the
next six months it is estimated that 300 miles can be built,
making the total by Sept. 1, IS<2, 574 miles. There can be
ment, upon
been paid in
milt, at least 250 miles in the last four months of this year,
raving 476 miles to build in the. year 1883 to complete the
main line.
Below is given a resume of the total construction
work and the estimated cost of the
22 4 miles ;it, $15,0’0 per mile
814 miles at .*f>ll>,Goi» pm mile
262 miles .‘it $24,820 per mile
1,300 miles at average $19,590
same.
$3,490,640
15;4»>r>,<«0®
(i,502,003
$25,405,203
THE
292
A former estimate
of the cost was
[vol. miT
CHRONICLE.
nearly $1,000 per mile in
road
was
sold under foreclosure
proceedings, and the State of
Virginia held a mortgage for $4,000,000 upon the property,,
which was junior to the mortgage under which the fore¬
Memphis k Charleston.—The new settlement effected con¬ closure sale was made. It was agreed on the reorganization that
sists .01 a purchase by the Bast Tennessee Company of the i;he whole interest of the State should be sold for $500,0#0, of
Stock of the Memphis & Charleston Company, amounting to which $100,000 was paid to the State in May last. This con¬
$5,312,725, in exchange for which it is to issue new securities, tract having been confirmed by the General Assembly ©f Vir¬
the ameunt of which it is reported will include $7,090,000 com¬ ginia, the remainder of the purchase money (that is, $400,000)mon stock, f4,387,000 preferred stock and $4,387,#00 income
was paid on the 28th of February by the Norfolk & Western
bonds. This does not affect the $4,222,000 mortgage bonds Railroad Company into the treasury of the State, and they have
on the Memphis & Charleston property.
The issue to the received a full release and assignment of all claims of every
Memphis & Charleston stockholders wid be 70 per cent of their nature which the State held against the old organization.
holdings in income bonds, 70 per cent preferred stock, and 100
Philadelphia & Reading.—McCalmont Brothers & Co.,
The incomes pay 6 per cent interest
r cent common stock.
through
their counsel in Philadelphia, have notified the counsel
April and October if earned.
of President Gowen, of the Reading Railroad Company, to file
Memphis & Little Rock.—A dispatch from Little Rock, an answer before March 20 to their bill and petition in the •
March 7, reports that an inmortant case has just been decided United States Court for a permanent injunction restraining the
in the Supreme Court. In January, 1861, the State Legislature, issue of the deferred bonds. Mr Gowen claimed that if the
under an act to encourage internal improvement, appropriated decision of the Berks County Court, which recently declared!
$1#0,000 and loaned it to the Memphis & Little Rock Railroad the deferred bond scheme legal, should be sustained by the
Company for ten years at 8 per cent interest, the company giv¬ Supreme Court of the State, its ruling would be final, there
ing a note and a mortgage on the road as collateral. The bemg no appeal to the United States Court, because the
mortgage was never recorded, but was filed in the office of the Supreme Court of Pennsylvania is the highest authority on
Secretary of State, and other mortgages were afterward given, questions relating to corporations chartered under the State
under one of which the road was foreclosed. The Supreme laws. Or even it the United
States.Supreme Court entertained
Court now decrees that, unless the company pays the State the
suit, they would follow the decision of the Supreme Court
$202,133, with interest at 8 per cent from December, 1879, the of the State.
This court, March 6, did decide the deferred’
Memphis & Little Rock Railroad rolling stock shall be sold by a bond scheme to be legal. Three of the seven judges dissented.
special commissioner on March 30, 1882, subject to the mort¬ The judges sustaining the validity of the bonds were Paxson,.
gage of May, 1860.
Sharswood, Trunkey and Green. Those dissenting were Justices
Missouri Pacific.—The stockholders held an election for Mercur, Sterritt and Gordon. The opinion was written by
directors in St. Louis, and the following were elected: Jay Justice Paxson. He took the position that there were two
Gould, New York ; Russell Sage, New York ; F. L. Ames, New objections raised against the bonds; first, that they are
York ; Wm. F. Buckley, New York ; R. S. Hayes, St. Louis; usurious ; and second, that they are a substitute for stock. He
S. H. H; Clark, Omana; Sidney Dillon, Thomas T. Eckert, says that the first objection is not tenable, because interest that
George J. Forrest and Samuel Sloan, New York; A. L. is payable only on a contingency upon a contract to pay more
Hopkins, St. Louis; H. G. Marquand and Geo. J. Gould, New than 6 per cent is not usurious if, under certain conditions, no
York.
interest s payable at all. The second objection, he contends,
Mutual Union Telegraph.—Another suit has been com¬ does not hold good, because he does not view the bonds as hav¬
menced against this company in the New York Superior Court ing any of the privileges possessed by stockholders. He dis¬
by Wm, H. Cameron, ana Judge Truax granted a temporary cusses at length the meaning of the term “borrow,” and says
injunction against the Mutual Union Telegraph Company, that the company has a right to borrow in this particular way.
—The Secretary of the Treasury has directed a suspension of
George William Ballou
Co., and others, to restrain the
increase of the company’s capital stock beyond $1,200,000. the collection of taxes, amounting to about $500,000, due on
The facts set forth in the affidavits upon which the injunction Reading Railroad “ pay certificates.” Secretary Folger decided
that the legality of the tax should be finally and authoritatively
was granted are similar to those in the suit brought by Pliny
'H. Babbitt against the same defendants. In addition to grant¬ adjudicated before proceeding to collect it
Union Pacific.—At the annual meeting of the stockholders
ing a temporary injunction restraining the company and the
firm of George William Ballou & Co. from issuing or deliver¬ in Boston, the following gentlemen were elected directors for
ing any of the capital stock of the company m excess of the ensuing year: Sidney Dillon, David Dows, T. T. Eckert, Jay
$1,200,000, an order was granted for the examination before Gould, Solon Humphreys, Russell Sage and Augustus Schell,
the court on Friday of Charles F. Peck, Secretary ; George H. New York; Elisha Atkins, Frederick L. Ames, Ezra H. Baker
Holt, Treasurer, and George William Ballou, Vice-President and F. Gordon Dexter, Boston; Grenville M. Dodge, CounciF
and acting president of the company. The purpose of this Bluffs; Wm. L. Scott, Erie, Pa.; John Sharp, Salt Lake City.
suit is understood to be the same as the others, namely, to
Western Union Telegraph.—The company’s report for the
check the work and progress of this company in building its
year
1881 and the quarter ending March 31, 1882, gives therival lines to the Western Union.
surplus on January 1, 1882, as $1,035,273, and says that state¬
New Orleans City Debt.—A committee of prominent gentle¬ ment closed the last quarter of the first year’s operations of
men appointed by Mayor Shakespeare to devise means for ah
the company since taking up the American Union and Atlantic
adjustment of tr.e city debt met the city council March 2, and & Pacific telegraph companies, with the following results for
submitted their report. It was signed by John T. Hardie, J. C. the calendar year 1881:
Morris, J. H. Oglesby and Nicholas Burke, while Mr. Henry Gross revenues for year
$16,868,896
dissented. The plan proposes the use of $3,600,000 worth of Expenses
9,489,269
premium bonds bought by the syndicate, but not yet de¬
Net profits
$7,379,127
stroyed, and $6,000,000 of premium bonds not yet issued, and
From which profits have been appropriated—
the extension of all city bonds to forty years, bearing 5 per cent
interest. The plan will be taken under advisement by the
For 6 per cent, dividends on capital stock
>.4,799,050
council.
Total dividends and fixed charges
—$5,266,223
New York Pennsylvania & Ohio.—The rumor that Messrs.
$2,112,903
Vanderbilt and Gowen would be elected voting trustees provec Leaving surplus revenue for the year
Out of which surplus revenue there has been appropriated
to be untrue, as on March 3 a dispatch to President Adams
for new construction and investments in new property...
1,225,915
announced that at the election in London the voting trustees
Deducting which leaves a net surplus for the year of
$886,988
were re-elected by the following majorities: First mortgage
surplus, added to the surplus at the beginning of
bonds, $22,000,000 against $3,500,000; second mortgage bonds, Which
theyearof
148,283
excess
of the above.
,
—
$9,000,000 against $1,500,000.
New York Stock Exchange.—The following securities have Makes the surplus Jan. 1,1882, as shown in the quarterly
statement above
$1,035,273
been listed:
“The management having determined to open a separate
Houston & Texas Central Railway general-mortgage 6 per cent gold
account for construction and investments in new properties
bonds, from No. 4,001 to No. 4,300, for $1,000 each, $300,000.
Louisville & Nashville Railroad 6 per cent bonds on Louisville Cincin¬ which go into the plant, and provide therefor from the surplus
nati & Lexington Railway,‘from No. 1 to No. 7,000, for $1,000 each, assets in the Treasury, of which there are more than $8,000,000
$7,000,000. '
in value of available securities, the item of construction does
Denver & Rio Grande consolidated mortgage 7 per cent bonds, from
not appear in the quarterly statement.
No. 10,101 to No. 11,342. for $1,000 each, and No. 750 for $500.
This arrangement
Virginia Midland Railway common stock, $6,000,000; 6 per cent in- leave all the surplus earnings, above fixed charges for interest
comebonds, $4,000,000.
and sinking funds, available for dividends; which is
Texas & Pacific Railway (Rio Grande Division) bonds, from No.12,501
to be due to the stockholders.”
to No. 13,028.
International & Great Northern Railroad first-mortgage 6 per cent The net revenues for the quarter ending March 31, inst.,
bonds, from No. 7.185 to No. 7,704; 6 per cent coupon mortgage bonds,
based upon nearly completed returns for January, partial
from No. 6,285 to No. 6,804, for $1,000 each.
returns for February, and estimating the business for
Chicago Milwaukee & St. Paul Railway, Chicago & Pacific (Western
March, will be about
$1,550,00£
Division) 5 per cent bonds, from No. 4.201 to No. 10,300.
Add surplus January 1, as above
1,035,273
Pittsburg Cincinnati & St. Louis Railway first consolidated mortgage
$2,585,273
ltonds (to be transferred from the free list to the regular list), desig¬
nated coupon, $3,000,000; registered, $3,683,000; second consolidated
From which appropriating for—
mortgage coupon bonds, from No. 1 to No. 2,500, for $1,000 ear;h, to be
$106,700
placed on the regular list, to be a delivery ouly after registry in a name Interest on bonded debt
20,000— 126,/00
Sinking funds
and to bearer by the Third National Bank of New York.
Elizabethtown Lexington & Big Sandy Railroad; capital stock. 5,000,Leaves a balance of
$2,458,573
000; first mortgage bonds, from No. 1 to No. 3,500, for $1,000 each.
^
Chesapeake & Ohio Railroad 6 per cent mortgage bonds, from No. 1 It requires for the payment of a dividend of l^p. c. on the
will
believed
to No. 2,000, for $l,0b0 each.
Houston East & West Texas
Railway first mortgage (Eastern Division)
-bonds, from No. 1 to No. 762, for
$1,000 each.
Norfolk & Western —The Atlantic
Mississippi & Ohio Rail¬
capital stock
surplus, after paying div’nd, of.
quarterly dividend of 1^ per cent was declared.
Deducting which, leaves a
A
1,199500
$1,259 073
THE
March 11,1862. J
CHRONICLE.
293
COTTON.
Whites.
g\xc
COMMERCIAL
Friday, P. M., March 10, 1882.
EPITOME.
Friday Night, March 10, 1882.
The week under review has witnessed some revival of specu¬
lative interest in staples of agriculture, with operations
looking
higher prices. The spring trade makes good progress, but
the very great overflow of the Mississippi River is still an ob¬
stacle to business, by obstructing transportation over a wide
area.
There is, however, every prospect that the resumption of
inland navigation at the North will take place much earlier
to
than usual.
The Movement op the Crop, as indicated by our telegram®
from the South to-night, is given below. For the week ending
this evening (March 10), the total receipts have reached 68,747
bales, against 51,980 bales last week, 60,169 bales the previous
week and 72,031 bales three weeks since; making the total
receipts since the 1st of September, 1881, 4,117,235 bales, against
4,810,212 bales for the same period of 1880-81, showing a decrease
since September 1,1881, of 6y2,977 bales.
Mon.
Sat.
Receipts at—
Galveston
563
Tnes.
1,661
Wed.
461
Thurs.
Fri.
413
1,177
293
Indianola, &o.
New Orleans...
4,821
2,124
991
1,002
3,180
Total.
4,568
76
76
2,189
14,307
The market for
911
473
529
205
402
1,310
provisions generally has been dull and droop¬ Mobile
3,830
Florida
60
60
ing in the past week, but toward'the close there was an import¬
838
1,756
Savannah
1,865 1,386 1,448 1,310
8,603
ant revival of speculation in lard, which caused an advance
Brunsw’k, <fcc.
independent of the rest of the market. To-day was dull and Charleston
791
615
557
869
1,171
2,423
6,426
not readily salable. Beef and beef hams very quiet. Long
Pt. Royal, &c.
622
622
393
192
355
131
123
234
■clear bacon worth scarcely more in this market than at the Wilmington....
1,428
Moreli’d C.,&c
321
321
West, and quoted nominally at 9%c. Cut meats very quiet. In
955
Norfolk
1,877 2,238
1,625 10,#56
1,624 1,737
lard there was an active speculatipn, and to-day closed at 10*G5
City Point,<kc.
1,183
1,183
<®10'70c. for prime Western on the spot, 10‘79c. for April, New York
565
145
646
602
596
480
3,034
10*80c. for May and 10’90c. for J une. Butter has declined and
589
568
Boston
287
628
670
1,037
3,779
closes weak. Cheese met with a fair demand at full prices.
10
Baltimore
111
121
Ocean freights show a decline in rates for grain, although at
233
43
18
39
333
Pliiladelp’a,
&o.
times shipments have been quite liberal. Room is now plenty.
To-day grain was shipped to Liverpool at 3@3%d., and current Totals this week 6,913 13,485 8.582 11,056 6,673 12,038 58,747
rates were 3d. to London, 3%d. to Glasgow and 4s. per quarter
For comparison, we give the following table showing the week's
to Cork for orders.
Petroleum charters have not been active,
total receipts, the total since Sept. 1,1881. and the stocks to-night
but late business includes cases to Java 31@32c. and refined to
and the same items for the corresponding periods of last year.
London 3s. 4%d.
•
....
....
....
....
....
....
....
....
....
....
....
....
....
....
.
....
....
...
....
....
•
•
••
....
....
v
•
.
.
.
Kentucky tobacco has been quiet; sales for the week are only
hhds., of which 300 for export. Prices are nominally
unchanged. Seed leaf has met with a moderate demand, and
prices have ruled about steady. Sales for the week 890 cases,
.all from the crop of 1880, as follows: 260 cases Pennsylvania
fillers, 6(g>7c., and assorted lots, ll@17c.; 180 cases New Eng¬
land wrappers, 14@30c.; 250 cases Ohio fillers, 4@4^c., wrap¬
pers, 10@14c., and assorted lots, 6@7c.; 200 cases Wisconsin,
including Havana seed, fillers, 3%@4c., and wrappers, 9@12c.
Havana fillers are in only light demand; sales 450 bales at
1881-82.
Receipts to
450
•
88c.20.
Rio coffee has been firm but rather quiet; the continued
small receipts at Rio Janeiro have given the position no little
; the new coffee exchange was opened a few days ago,
and the first sale was at 8%c. forlow ordinary for May delivery,
the dealing in coffee for future delivery in this way being a
new feature in the trade.
Mild grades have been firm but
^strength
March 10.
Galveston
This
Week.
1, 1881.
Week.
378,420
13,194
14,307 1,036,426
Mobile
3,830
60
234,783
26,667
8,603
669*472
Florida
Savannah
Brunsw’k, &c
Charleston
Pt.
622
Wilmington....
1,428
M’head C., &c
Norfolk
321
25,424
531,323
172,009
136,909
10,056
1,183
City Point, &e
.
Slock.
Since
Sep.
1,1880.
1882.
17,542
562,951
14,213
50,653 1,265,769
10.786
343,706
1881.
43,436 103,626
241
180
19,843
15,482
779,683
4,821
555,184
47,815
73
6,964
454,539
22,254
127,604
6,426
Royal, &c.
.
1880-81.
Since Sep.
76
New Orleans...
.
....
This
4,568
Indianola,&c.
•
....
....
9,260
1,541
1,416
520
12,890
4,674
314.718 329,605
31,149
110,704
26,520
62,914
48,365
5,086
73,982
46,790
4,381
5,065
56,930
1,613
5,033
45,759
24,893
......
••••••
t
607,096
189,040
105,292
119,472
21,803
36,300
tvrttat
3,034
Rice has been in better demand at very firm prices. New York
6,487
338,670 215,990
Molasses has been firm.but quiet for grocery stock ; 50-degrees Boston
4,281
165,221
3,779
10,827
8,555
test has latterly been quoted at 37c., showing a decided Baltimore
121
430
14,077
36,231
S,692
'.advance for the week. Tea has sold at lower prices in most Philadelp’a,&c.
333
3.670
51,944
14,111 15,191
cases at the auction sales, though Japan has been
pretty
Total
58,747 4,117,235 140.126 4,810,212
959,05ll 897,561
steady. Spices have continued dull. Foreign dried fruits have
rshown no features of special interest, the trade being in the
In order that comparison may be made with other years, wo
main rather small and prices showing no marked change. Raw give below the totals at leading ports tor six seasons.
sugar advanced to 7 5-16@7 7-16c. for fair to good refining,
1879.
1882.
1880.
1881.
1878.
1877.
owing to a better demand from refiners, but latterly trade has Receipts at—
been quiet, a number of cargoes coming to refiners being near
4,508
5,988
9,344
4,644
17,783
Galvest’n,&c.
4,686
at hand, and the tone weaker.
To-day fair to good refining New Orleans. 14,307 50,653 28,089 34,950 25,850 19,063
was quoted at 7M@7%c.
The United States Supreme Court Mobile
2,631
4,325
3,830
10,786
6,263
2,884
has reversed a decision of the Treasury Department made Savannah....
f ,338
8,603
5,311
15,482
11,330
3,443
several years ago by which a high grade of centrifugal was
Charl’st’n, <fec
7,048
2,932
4,614
8,300
10,801
2,578
taxed $2 81 per 100 pounds on the Polarizaton test, and the
692
1,749
1,796
2,906
Wilm’gt’n, &c
1,936
2,166
duty henceforth will be $2 50 per 100 pounds, according to the Norfolk, &o.. 11,239 17,564
10,615
8,473
7,651
5,186
•quiet.
Dutch standard.
Hhds.
Receipts since March 1
Sales since March 1
Stock March 8, 1882
Stock March 9, 1881
Boxes.
14,703
13.347
0,658
27,036
1,383
5,132
6,997
Bags.
Melado.
13,369
..113
7,327
15,121
11,732
10,864
10,620
4.531
Tot. this w’k.
58,747
140,126
64,368
78,490
82,264
44,53?
82,144
300,999
137
975,313
458
Refined has been depressed of late, though at one time very
firm. Crushed closed at 9%c., powdered at 9%c., and standard
'Soft white “
All others....
A,” 8%@8%c.
Since
Sept. 1. 4117.235 4810,212 4344,639 3998,320 3752,265 3668,286
Galveston includelT indianola; Charleston' uieludes''Port Royal, <fec.;
Wilinimgton includes Morehead City. &o.; Norfolk includes City Point. &«.
The exports for the week ending this evening reach a total
of 101,211 bales, of which 80,647 were to Great Britain, 7,470 to
Ingot copper has been dull and weak at 19c. for Lake France and 13,094 to rest of the Continent, while the stocks aa
Superior. Spelter has also been dull and depressed, and Sile¬ made up this evening are now 959,051 bales. Below are the
sian has latterly been quoted at 5?6@5Mc. and American 5%@
exports for the week and since September 1,1881.
■6c. Pig iron has shown little or no quotable change, but has
From Sept. 1.1881, to Mch. 10,188*
been weak, and late quotations are now nominal. Rails have
Week Ending Mch. 10.
Exported to—
Exported to—
been dull and depressed at $55@$57 for American steel and
Export*
•$47 50@$50 for iron. Lead has sold as low as 5c. for common
domestic. Pig tin has been very dull at 24%@25c. for Straits,
and plates have also been slow of sale and more or less
depressed. Charcoal tin has latterly been quoted at $6@
$6 37^.
Strained rosin has been quiet, but firm, at $2 30@$2 35 ; there
is
a
scarcity here, especially of the low grades, caused by the
dearth of sailing craft at the Southern shipping ports. Spirits
turpentine has latterly been dull at 52@52t£c. Hides have sold
moderately at firm prices.
Leather has shown
no
marked
change and has met with a fair trade. Linseed oil has sold
moderately at 60@61c. Lard oil has been quiet at 87@88c.
Clover seed has been less active for export, but fairly active for
home use, and quoted at
8^@9%c for Western and Canada.
'Salted fish has been firm and in demand; the mackerel catch, it
Row
appears certain, has been small. Refined petroleum has
been dull and nominal at 73£c.
from—
Galveston
New Orleans..
Great
Brit’n. France
4,554
42.340
••••••
.•••••
Florida
• •
•
•
.
Total
nent.
Week.
1,980
4,250
0,961
Mobile
•
Conti¬
•
M.
•• •••
•
2,431
......
.....
......
......
Norfolk
5,444
......
......
New York
8,537
4,407
Charleston *...
Wilmington...
Baltimore
Philadelp’a.Ac
509
••••••
2,000
Total
80,647
7,470
63,006
12,350
*
1,226
3,227
••••••
Tjtal 1880-81
......
•
4,587
5,854
2,825
Savannah
6,514
53,560
7,018
5,854
2,825
5,444
10,302
4,467
3,227
2,000
Great
Britain. France
140,770 13,77?
445,202 177,441
19,995
0,313
3,900
121,569 15,430
134,854 19.523
53,584
1,430
245,845
2,500
247,566 18,541
91,990
50,061
39,679
,
•
•
•
••••
...
•
Conti¬
Total,
nent.
55,400
174,894
3,231
•
•
a
153,293
113,400
8,819
15,840
48,716
1
28,270
200
.
269,958
797,587
29,53#
8,900
290,298
236,777
68.888
264,365
814,828
91,997
78,354
39,871
13,094 101,211 1,595,650 255,035
001,064 2,451,149
94.507 !.972.000 401,230
719.090 3.993,59#
19,211
Includes exports from Port Boval.
Ac
fVoL. XXXIV.
CHRONICLE.
THE
291
0D
telegrams to-night also Vive
the following amounts of cotton on shipboard, not
the ports named.
We add similar figures for New
are
10, at-
Men.
Or rat
Britain.
i<jn
v:
8.897
25,204
None.
G,3,1
1,05 0
2,450
1:0
1,400
275
.
2. GOO
None.
7.10,)
3,(500
.
0.39*
None.
1.392
13.0-8
4.300
N*’t>e.
None.
None.
90
None.
None
None.
Unarlestou
Savannah
Galveston..
Norfolk
New York..
Other ports..
..
.
.
3,50o
9,937
70,237
Total....
10(5,143
.
90.187
..
25,303
13,541
The market has been
None.
1.7 00
.50 J
5.505
33,34(5
87,172
4 8,750
KM 10
] s.uoo
7.-80
.
159,4 70
rather sluggish for futures
P
Sat.
Fair
^1
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to
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Sat.
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009,7
(580,9
to
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94
946
94c
958
9l4fc 978
10146
107,6 104
1915ig 114
1078
113,6
11**16 11&I6 1138
1 1918 llOjS 11%
110*10
11 ^
11%
1D316 12
1218
123l6 12%
1219
12^8
12^
127,6 12%
1 278
12 79
12l31(< 13%
1358
1314, l37a
135s
10
to
©,
0 j
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^—‘
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d -h
cf.
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to ©
Ordln’y .$Ib
919
Th.
9h6
Strict Orel.. 9111 g 9^4
Good Ord.. 1083 j 10 V
Btr. G’d Ord 10ls>ia 11
I«ow Midd’t: 113s ; I Ib'C
Fri.
Wed
94
9 3S
91;iie
10%
114.5
114
Btr. L’wMid 11% | Hn16 114
Middling... llia18! II '9
UpH
1 2°, 6
Good Mid.. 12316 I 1214
18° 16
Btr. G’d Mid lC7Ui ! 1283
Midd’g Fail 121V 13
>—lu
)->
)—‘
v;
cf
Wed
Th.
Fri.
94
9%
97,6
94
946
915l6
9 loi6
101,6
1034
1013,6 lo%
1115 ^
11 4
;lls16
Hl%
11’46 1134
U>4
STAINED.
11
$ lb
Btrici Good Ordinary.
Low Middling
mol*
8%
s%
9%
9%
1051H
115-6
Middling
i'UCN Wed
M4c.
^ 11,6
9- 1
911,6
19“ 18
10%
115,6
11%
SPOT MARKET
CLOSED.
Ex- I Con-
port.\
200*
sump.
152
Sat. Quiet
379
Mod
Quiet and steady 439
289 1,032
Tuea. Q’t & st’y, V ad.
470
1,878,
Wed
Firm
334
Thurs St. ady at 4, ndv 1,700;
492
Fri
Firm at i,« adv.. ‘2 1i a10j|
.
,6
10%
11%
TltANSi T.
Spec- Tran¬ Total.
uL'L'n
sit.
412
816
GO
.
.
.
70
4G
....
....
....
.
I
G.G19
2.859
KG
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i 1213,6
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141,6
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134
14
Th.
Fri,
83.,
9%
8J!Mb
913,6
1071(t
117,6
104
11 Ha
FUTURES.
Sfiles"
Dcliv
cries
87,500
1,100
52.300
G 1,900
400
40li
1,321
2,418 107.GU0
....
M
-12.
Ci©
0
to to
MARKET AND SALES
SALES OF SPOT ASD
0
114
115,6
1 1 5s - 1 1 1 4 6 114
12 4 6
Sat.
•
113,6
n%
!5lt5 12
123H, 121,6
1123,6 1-7,6
j 1 2 16 j, 1211,6
13o !« 1346
1355,n 1-1
141,6 1:95,6
4i78
10
0^
g 03 X
5
t— 1—
Tue»
Fri.
10
ti
■
c~.
—
9%
124
127,6 12 4
|12HU 12 34
131.6 133,6 134
Fair....— 13iiu. 13.14
Good Ordinary.
Th.
:
w -u
hj
- *—
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Ci-1
9%
0 ;
P
•
dr
00
1 ©to
I ©to
*
8—
95,6
95,6
9%
915,6
915,6 978
978
1011,6 1011,6 10 34
10146 1034
11 4
113,6
114
113,6 114
114b 1 1°,6 11%
il916 11%
1113,6 1113,6 11%
1113ig 1 1 78
12
12
121,6
121,6 12
12%
127,6
12%
127,6 123ft
12%
1211,6
12%
1214b 12 %
134
1*3,6
134
133,6 134
13%
13151(
1378
1314,; 13%
95
1
.
H* M
r-*
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this week,
?lou
0
.
B:
i,-s.
Q,.
Ci
TEXAS.
TOou Tue»
rf a
•
:
.
•
© •
©
©
©
©'f)
r- -1
prices.
94g
938
10716
io7e
j Wed
I
.
H“ r-
BtadctOrd..
Good Ord..
Btr. G’d Ord
Low Mid I’g
Btr.L’w Mid
Middling...
Good Mid..
Btr. G’d Mid
Mldd’g Fair
Total
•
0^
©©
Ordln’y. ^ ft>
.
,
.
p;
:
~
gr
(jo
O
M
On Wednesday, for example, the
early advance was wholly lost.
On Thursday an upward
tendency at the opening was checked by rumors of complications
pointing to hostilities between Russia and Germany. To-day
there was renewed buoyancy, and the week closes at about 20
points advance. Cotton on the spot advanced l-16c. on Tues¬
day, and again on Thursday.
Early in the week there was a
good business for home consumption, but latterly the demand
was mainly for export.
To-day there was a further advance of
uplands
closing
l-16e.f middling
at 11 15-lGc., with a fair export.
The total sales for forward delivery for the week are 531,400
bales. For immediate delivery the total sales foot up this week
9,684 bales, including 6,049 for export, 2,859 for consumption 176 for speculation and
in transit. Of the above, — bales
were to arrive.
The following are the official quotations and
Bales for ?ach day of the oast week.
Mch. 4 In
Match 10
X
k-4
return
of
of the
overflow of the Mississippi liiver began to be very serious. There
were heavy rains in Tennessee and Arkansas, the tributary
rivers were again rising, and the flood in the main river exceeded
at some points all records. These influences caused an advance
from day to day, but without much activity, and with frequent
NEW ORLEANS.
s-- •
■
GO J-
tJO
depression on Saturday, growing out of the
better weather at the South ; on Monday the accounts
UPLANDS.
r:
•
r
some
reactions toward lower
-1
—
p
yet prices have advanced; but spots are decidedly higher, and
have been much more active. The speculation in futures opened
with
1
»
*
'8*4-9
|
835,0
121,025
7,201
rr
co
j
332 -i
GO.O
4,000
227,851
C3
-
9,0
4 0,5.
37,9
0.200
8,933
;
© ’
1
I
-v
•i
3,08.9
1
)
1—
!;> (>,*’>
•
; £ ;
) 0^ i
r 3.!
3.!
257,5
J 8,8*
J 2.250
1
r;
gi -o
Ft;
tilook.
57.101
^
1
*
Total.
isc.
Non--.
Mobile
Toial 1881
Total 18so
Fort
22.930
10.S5D
WewOrloans.
..
Frame.
Const -
u
Erg-” 3
Shipboard, not i leaved—for
Other
A
o> r> o
York, which
Lambert. CO Heaver Street.
1 go;
Jr
O
Messrs Carey, Yale &
prepared for oar special use by
U.i
ri'ri
cleared, at
.
In addition to above exports, oar
us
in5*
1
c
2,0-7) 74,400
2,035 147.700
400
4 CO
20u
9 68 1 531,400
2,000
©:
•Includes fin es m
September. 1881. for
September. 314,000:
Septem-
for November,
>,100; S*ptomberfor February,-
bor-Oetnber for October. 410,400; Septunber-Novombcr
111,200; September December for December,- 1,47
Jammrv for January, 4,252,500; September-February
2,230. LOO.
rransferablo Orders—Safurday. ll/SOc.; Monday,
11 *85e.; Wednesday. ll*85c.: Thursday. ll*90n.:
Sliorw Notices for March—Saturday, 11*82; Friday,
,
ll*80c.;^Tuesday,
Friday, 11*9 >c.
The following exchanges
ll*S2a-ll-S4.
have been made during the week:
pd. to exelt. 190 Mar. for April.
pd. to exe.li. 300 May for June.
pd. to exelt. 100 M *r. for June.
pd. to exelt. 1,900 Nov. for May.
pd. io exelt. 1 000 Dee. for Mar.
•50 pd. to exelt. 1.000 Oct for May
15 pd. to exelt. 100 Jutte. for July.
•34 pd. to exch. 700 April for June.
12
*17
**iG
0 t
*;,3
•17
•77
*57
pd. to exelt. GOO May for June.
pd. to exch. 800
pd. to exelt. 200
pd. to exch. 800
pd. to exch. 400
pd. to oxch. 100
for April.
•41 pd. to exeli. 300
for May.
•1G pd. to exelt. 1 <X)
•17 pd. to exch. 10 J
■35
•IS
•51
•1(>
•22
for Aug.
for July.
The Visible Supply of Cotton, as
pd. to exch. lOO Mar.
pd. to exch. 700 Apr.
April for June.
Apr. for May.
Apr. for July.
Mar. for AprilMar. s. n. 14th
,
loth
Mar. P. n.
.
Mar. for
Mar. fur
Apq
■
April
made up by cable and
telegraph. Is as follows. 'The Continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
The Sales and Fricks of Futures are shown by the follow¬
for the Continent are this week’s returns, and consequently
ing comprehensive table. In this statement will be found the brought down to Thursday evening; hence, to make the totals the
daily market, the prices of sales for each month each day, and complete figures for to-night iMeh. 10). we add the item of
from the United States, including in it the exports of Friday cuiyclosing bids, in addition to the daily and total sales.
...
....
D e
,t!) u't) aw rt,0LUai!./deu/rjied
The daily *1 • liven
▼tarns to taut on w.w.cii r.iinv- are renamed
u,;
day
pr. -
exports
THE
March 11, 18i2 J
bales.
Stock at Liverpool
Btsckat London
Total Great Britain stock
1882.
1881.
1860.
1S79.
734,000
728.000
576.000
552,000
55,600
44,300
26,900
63.750
789.600
772.300
615.750
152,000
3,750
43,000
2,200
39,300
125.000
5.000
602,909
54,430
4,200
3.200
4,500
29,400
16,133
23.250
20,600
33,000
30,032
43,750
412
1,080
2,392
.
.
CHRONICLE
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at HamDiirg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
160.750
1,182
28.747
29.300
1,500
30.000
Btoofe at Antwerp
Stock at otlier oouti’ntal ports.
1,400
884
420
8,500
4.250
8.918
6,910
1,588
6.000
Total continental porta....
271,580
234,774
138,124
262.500
Total European stocks.. ..1,061,190 1,007.074
India cotton afloat for Europe. 317,000
176,000
741,02 4
174.587
898,250
106,000
Amer’n cotton afloat for Eur’pe
Egypt, Brazil,&c.,aflt forE’r’pe
Stook in United States ports
Stock in U. S. interior ports...
United Strtes exports to-day..
..
last year, and since Sept. I the
receipts at all the towns
371,185 bales less than for the same time in 1880-81.
597,000
506,146
721,000
50,000
22,000
32.370
19.000
959,05 L
897,561
846.397
629.975
282.945
285.017
289.996
159,418
7,300
23,500
26,000
26,000
Total visible supply
3.049,176 3.008,152 2.616,520 2.559,643
Of tke aoove. the totals of American and other descriptions are as follows:
RECEIPTS FROM PLANTATIONS.
Liverpool stock
Continental stocks
American afloat for Europe....
United States stock
174,000
552,000
180,000
597,000
897,561
285.017
23,500
372,000
959.051
United States interior stocks..
United States exports to-day..
282.945
7,300
Total American
429,000
132,000
506,146
846,397
417,000
245,000
721,000
629,975
289.996
159,418
26.000
263)00
2,330,296 2,535,079 2,229,539 2,198.393
East Indian, Brazil. <&c.—
g
Liverpool stock
199,000
55.600
97,580
176,000
London stook
Continental Stocks
India afloat for
317,000
176,000
50,000
22,000
Europe
Egypt, Brazil, <fco., afloat
147,000
26,900
6,124
44,300
54,774
135,000
63.750
37.500
106.000
174,587
32.370
19.000
Total East India, Ac
Total American
719.180
473.074
386.931
361.250
2.330,296 2,535,078 2,229,539 2,198,393
Total visible supply
Price Mid. Upl., Liverpool
3,049,476 3,008,152 2,616,520 2,559,643
6 Sad.
7% 1.
63igd.
5%4.
8^" The imports into Continental ports this week have been
41,400 bales.
The above figures indicate an increase in the cotton in
sight
to-night of 41,324 bales
as
compared with the
date of 1881,
same
increase of 432,956 bales as compared with the corres¬
ponding date of 1880 and an increase of 489,833 bales as com
an
pared with 1879.
At
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 1880-81—is set out in detail in the
the
following statement:
H
Dec. 23
“
6
“
13
“
20
“
27
Feb.
£
X
a
5}
tP
M® £ §]o
Tj-
a ® *i
I
:
«+
i
I
to
00
a
03
X.
05
cr>
O
0
K-
01
S »'
o
to
10
“
17
“
24
:
1
•
Ot
M
CD
-
0
c
on
00
31
V5
» .qJI
p
RT-
•
>-*
03
'
•
?s^“S’§=h
~
d
*
•
>'■
p
os
®-
'
to
—1
O’l
5 05
-
M
to
01 OJ
Ir—
M
to to -4
C/C
to
00
03 CO 00 03
CO L- 4^ -1
C3
CO fO 03 03 0 03 -1
03 O' 03 M -4
-l 0 to O 03 Ot
O' 30 CD X X C3
y<
M
M
"ot
0
0
to 03
M
i-i 03
00 tC to
u 03 rfs- -J 03 O
to
M
Vi
to X to
"j!
Cj On
r X
ot to to to to
h-*
M
co
s
0 03
M
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03
t—*
0-4 JO
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e -4 CO OI O' 03 -U 0 X — -t j- 03 CO ■Jl 4- X
to X
cc 03 CO t—* -J •Jl 0 •—» 0 -j
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to X
Cl
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to - O X 0 -4 X M -1 CO ** 00 on X 00 cn
M
<1
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03
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£
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a A
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to
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to 0
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r-*
03
to
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/>
to CO zc
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00 03
Ot
'co
CO 03 03
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■C
O o
03
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<1 O "Ji GO O CJt
t)
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t—*
-1
to
CO^- 1 - 1 tO
'•
H
M to to
—
t—1
to tc -U on
t—*
1—
On
J?
*3
Co
7*
•-4
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03 •O X X
to
CO O'
I—* x"
co X »—* X
bX
T> cn
1 3 03 4- to
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•vl to -i rC
0
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On no
MX
M
p
MM
0’5o-l^C5S5C~
CO J- ro X
--
x
X) ■£- tfc. -Ji x X —
cOMr-^M
* UJOT.OX
Ot 'n — — £. ju
V
bVbto*—m tob b« co
© m O x oo :o -a o to m cn co x *.c
CCCOX:nX~C:XXV<+-©XCJ©tO~
X CO -4 -J
4--1
Otto
Cl M to M -4 to 4- X> 4- M
X X> X CM 4- 05
© -J
a
M C<
to »C CO -• M m to to
—
S’
a
,1
| ^
cciootx^coxxojb'-V.;-'bcoVto*—
© j
©
C/t
to Cn X CO
GO X to X
vOtOOOr-J ' I 4- c: -O x cn
~
??£■
s»
M
*-
re
Tcrf*. toV- J^.V»b Vi
co o'-
0
•
Jl
tiO^OiOW4-l®HO.t3^<l
—
10 <|
CO
—4
O Ot -4 X -1
O CO O' to 0
to OO
—1
•'l
W r./b In
CO ti fX) A.XM31
X — -1 X on X CO
~
>-t
b
-iVjJ-
C*
Cn W »0 M t.-J CO M
u’
M 00
M CO
© 00 GC
X
00 TO J< © J- Olt>C tO X M X 00 CO tC O' O X JO X
x tc o x x —• x >4x
tc M ~ t - t r x
cn
H X X ltj'1
X
H-i
*—»
CO
—
00 -t i— O* 4-.
I
~*
—
X
f r“
’>*
I
toj
:
*
M
v
to
to
i r!°r,.w.Mia
I ^
<sVi*y»Voor
O'X.-HO XX CO
*. -4 co X
-
o CM
ao|—tp
c>*
m
I o
O I
—
I
1
*-*
m’o
h
-*io
jo
pp top-i -* co co x x xx -1-1
<l‘cnoobi*— MbAlXCwiu CC CJ xb#*</C b CO
C/I
-
x >o
(X X
© O
—
x cm to 00 - co u« © — X 01 r. 35 co
■ > jo 3 -110 4- *U 01 ■*! © : c >fc* X. to
$y>
rg
M?r
-
This year's ti^uros
estimated.
The above totals
creased
ales
in sight
March 10
—
In the table
below
give the receipts from plantations in another form, and
add to them the net overland movement to March
1, and
also the takings by Smthern spinners to the same date, so as to
give substantially the amount of cotton now in sight. We shall
continue this statement hereafter
bringing it down to the olose
we
of each week.
1881-82.
Receipts at the ports to March
Interior stocks in
excess
10
bales.
of Sept. 1 on Mch. 10
Total receipts from plantations
Net overland to March 1
Southern consumption to March 1
1880-81.
4,117,235
270,348
4,810.212
4,387,783
5,090,806
353,35
1
155,000
280.394
415,047
135,000
Total in sight
4,89(5,13 8
.5,040,653
by tho aliovo that tho decrease In amount in sight
to-niglit, as compared with last year, is 744,515 bales.
It
will
bo
soon
during the
show that the old interior stocks have
de¬
week 25,480 baits, and are to-night 2,072
Us# than at the same
peril:d last year. The
towns have been 34,288 bales less than the receipts at
same week
same
as
the week closes there has been a favorable
change
The rainfall reached
seventy-five hundredths of
inch.
Ploughing is going
in the uplands, but in the
On Wednesday there
was frost, ice and snow in Northern and Western
Texas, bat it is
thought that no serious damage has been done. Average ther¬
mometer 60, highest 76 and lowest 44.
Indianola, Texas.—It has been showery on three days of the
past week, the rainfull reaching fifty-one hundredths of an inch.
Farmers are busv ploughing on the highlands and some corn
has been planted. We have had a frost this week, but not a
killing
frost. The thermometer lias ranged from 39 to 77,
averaging 62.
Dallas% Texas-.—We have had rain on two days of the past
week, the rainfall reaching one inch and fifty hundredths. We
had a killing frost on one night of the week, and to the north¬
ward and westward there was snow and ice, but
probably no
serious damage has been done. The thermometer has
averaged
55, ranging from 33 to 79.
Brenham, Texas—It has rained on two days of the past
week. Farmers are now ploughing, and a few are
planting
corn.
The thermometer has ranged from 40 to 76,
averaging
55, and the rainfall reached one inch and twenty-five hun¬
was
still too wet
on
yesterday.
dredths.
Palestine, Texas.—We have had rain on two days
during
the past week, the rainfall reaching one inch and
twenty-seven
hundredths. We had a killing frost on one night of the week.
Farmers are busy. Average thermometer
lowest 33.
CO
•
50,239 bales.
Amount of Cotton
an
■05
*-
N
V
o> c<; oo it- cn
CO
50,136
32,620
50.239 130 9G0 81,648
62.615 133.801
were
bottoms it
to to on k—« to On O -1 X On X On
-1 CO r to
X on 0 to -1 X
00
to
—»
.
-
63,957
92.310 143.397
receipts from the
since Sept. 1, 1881-82 were 4,387,783 bales; in
1880-81 were 5,090,606 bales; in 1879-80 were
4,640,728 bales.
2. That, although the receipts at the
out-ports the past week
were 58,747 bales, the actual movement from
plantations was
only 31,648 bales, the balance being taken from the stocks at
the interior towns.
Last year the "receipts from the
planta¬
tions for the same week were 136,900 bales
and for 1880 they
re
to
M
toj
58,747 311.087 319 2 >2 315.C73
95,349 145,232
74,024
84.090
77,298
plantations
in the weather.
ft
to 00 00 03 X
to -1 to
00 03 Ot 1C —* -! to to 03 X X 01 C/0 to O
-4 to
03 J- to 03 03 Ot X X X X -1 03 J~ 03 '1 X to
cc
l) Oi
W
CO
64 308 140.126
....
^3
KA
Jl
£2
10
351.707 312.550 372,154
341.022 317,588 302.430
325.216 322.458 343,072
The above statement shows—1. That the total
week, but
CO
t—1
X ro to to to
00 — 03 01
Ot
Ot
••
306.321 400.9S6 13.4.909 122,129
382.531 317,866 390.019 108.196
158.674
371.68 313.837 3S0.528 105,985
129.604
past week; it was
especially heavy in portions of the Mississippi valley. Many of
the rich cotton counties adjacent
to the Mississippi River are
still largely under water, and a further extension of the flood is
feared. Iu the northern and western portions of Texas
they
had frost, snow and ice on Wednesday, bat the season is not
advanced enough for it to harm cotton.
Galveston, Texas.—It has rained on four days of the
past
o
yd
03
10
0
Mch. 3
353.487 457,024 230.121 254,635 213,843
363.025 466,586 144,98o 205.973 205 370
337,604 453,659 143,422 85,374 139.50S
3t 6.550 4:35,050 130.812 101.490
96,259
309,262 419 043 175,791 138.5W1 83,963
Weather Reports by Telegraph.—There has been rain In
sections of the South during the
10
cn
112,303 147,129 95,057
119.85! 133,723 86,779
115,307 140,539 72,031
102.995 13 >,359 60,160
78,451 133.931 51,980
Rec’pts from Plant’ns.
’79->0. ’80-’8l. ’31-'SB.
most
£
.
207,001 237,980 201,8:5 390.471
154,300 190,435 195.808 381,153
140.480 110,735 152,429 375,089
129,489 129,604 114,868 378.412
168,28' 138.879 99,990 383.923
137.191 135,070 92,081 380.701
....
3
“
St'k at Interior Towns.
’79-’80. *80-’81. ’81-’ti2. ’79-’80. ’80-’81. ’81-’82
30
Jttn.
fuwrr-JC25
O
Receipts at the Ports.
ending—
American—
535,000
are
Receipts from the Plantations.—The
following table is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the outports are some¬
times misleading, as
they are made up more largely one year
than another, at the expense of the interior
stocks. We reach,
therefore, a safer conclusion through a comparative statement
like the following. In
reply to frequent inquiries we will add
Miat these figures, of course, do not include overland
receipts or
Southern consumption; they are
simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the
out-ports.
Week
372,000
295
57, highest 79 and
New Orleans, Louisiana.—It has rained on two days of the
past week, the rainfall reaching thirteen hundredths of an inch.
The thermometer has averaged 67
Shreveport. Louisiana.—The weather during the past week
has been generally cl >udy, with light rains.
The rainfall
reached one inch and ninety-nine hundreths. The thermometer
has ranged from 41 to 81.
Vicksburg, Mississippi.—It has rained
past mek, but is now clear and ooq).
on
two
days of tho
[Vou XXXIV
CHRONICLE.
THE
296
rain on four days of
inches and nine
hundredths.
The thermometer has ranged from 50 to 80,
averaging 62.
Little Rock, Arkansas.—We have had rain on four days,
and it has been clear on one day of the past week.
The rain¬
fall reached two inches and sixty-eight hundredths.
Average
thermometer 48, highest 77 and lowest 39.
Nashville, Tennessee.—It has rained on four days of the past
week, the rainfall reaching six inches and seventy-three hun¬
dredths. The tributary rivers are higher and rising rapidly.
Average thermometer 56, highest 75 and lowest 42.
Mobile, Alabama.—It has been showery on two days of the
past week, and the rest of the week has been pleasant. The
rainfall reached sixty-seven hundredths of an inch. The ther¬
mometer has averaged 67, the highest being 77 and the lowest
Columbus, Mississippi.—We have had
the past week, the rainfall reaching two
$1.
Oct. 1 to
1880-81.
1881-82.
March 1.
Bales of 400 lbs. each.
000s omitted.
Great
Conti¬
Gi'eat
Coyiti-
Britain
nent.
27,
271,
129,
Total.
Total.
Britain
nent.
Spinners’ 6tock Oct 1.
Takings in October...
25,
336,
240,
133,
265,
469,
supply
Consumption in Oct..
361,
280,
373,
232,
734,
512,
Bpinners’ stock Nov. 1
Takings in November
81,
363,
141,
308,
222,
671,
34,
25,
59r
314,
237,
551,
444,
280,
449,
261,
893,
541,
348,
264,
262,
216,
610,
480,..
164,
338,
188,
307,
352,
84,
382,
46,
331,
130,
713,
377,'
843,
Total
Total supply
Consumption in Nov
.
Spinners’ stock Dec. 1
Takings in December.
„
645,
112,
139,400,
539,
480,
241,
298,
264,
216,
'
166,
997,
495,
502,
Total supply
Alabama.—We have had rain on four
625'.
276,
319,
611,
261,
350,
days of the past week, and the balance of the week has been Consumption in Dec..
101,
218,
117,
cloudy and damp. We are having too much rain, which is re¬ Spinners’ stock Jan. 1 152,
386,
234,
241,
510,.
269,
tarding farming operations.
The thermometer has ranged Takings in January.’ 261, 253, 514,
from 49 to 79, averaging 64, and the rainfall reached one inch
342,
728,
386,
900,
487,
413,
and sixty-four hundredths.
Total supply
218,
490,
272,
512,
232,
280,
Selma, Alabama.—It has rained on four days of the past Consumption in Jan..
week, and the balance of the week has been*pleasant. The
238,
124,
114,
3S8, 1
255,
133,
thermometer has averaged 61, and the rainfall reached one inch Spinners’ stock Feb. 1 283,
313,
602,
289,
525,
242,
Takings in February.
and fifty-three hundredths.
810,
437,
403,
913,
497,
416,
Madison, Florida.—We have had rain on one day of the past
Total supply
500r.
230,
270,
512,
232,
280,
week, but no£t enough to do much good. The balance of the Consumption in Feb.
week has been pleasant. The days have been warm but the
207,
340,
133,
401,
265,
136,
nights have been cold. Planting is making good progress. Spinners’ stock Mar. 1
Average thermometer 67, highest 76 and lowest 58.
We reach, perhaps, a more striking comparison with last year
Macon, Georgia.—We have had rain on two days of the past
week. The thermometer has ranged from 43 to 80, averaging 59. by bringing together the foregoing totals, and by adding the
Columbus, Georgia.—It has rained severely on one day of average weekly consumption up to this time for the two years..
the past week, the rainfall reaching seventy-five hundredths of
1880-^1.
1881-82.
an inch.
The thermometer has averaged 67, the highest being
Oct. 1 to March 1.
Montgomery,
73 and lowest 58.
Savannah, Georgia.—The weather has been pleasant
the past week, with no rain.
The thermometer has
65, tne highest being 78 and the lowest 51.
Augusta, Georgia.—We had light rain on three
during
averaged
days during
past week, but the latter portion of the
the early part of the
week has been clear ana
pleasant. The rainfall reached thirty
The thermometer has ranged from 44
hundredths of an inch.
to 81, averaging 62.
Atlanta, Georgia.—We
Bales of 400 lbs. each.
000s omitted.
240,
25,
Great
Conti¬
Britain
nent.
Total
265,
2,824,
27,
1,525,
1,251,
139,2,776,,
1,552,
L419,
1,363,
1,156,
2,915,,
2,575r
112,
Takings to March 1.,. 1,581,
1,243,
1,606,
1,470,
1,483,
1,218,
3,0S9,
2,688,
136,
265,
401,
133,
207,
340,,
70,0
70,0
70,0
70,0
70,0
58,0
58,0
58,0
58,0
128,0
128,0
128,0
128,0
54,0
58,0
128,0
66,0
66,0
68,0
68,0
68,0
120,0
120,0
122,5
122,5
122,5
Supply
Consumption
have had rain on three days of the
rainfall
reaching
fifty-nine hundredths of an
inch. Average thermometer 60, highest 77 and lowest 39.
Charleston, South Carolina.—It has rained on one day of
past
week, the rainfall reaching sixty-one hundredths of an inch.
The thermometer has averaged 62, the highest being 76 and the
statement we have also received by telegraph,
showing the height of the rivers at the points named at 3
March 9, 1882, and March 10,1881.
o’clock
Mch. 9,
Total.
nent.
Britain
Spinners’ stock Oct. 1.
past week, the
lowest 50.
The following
Conti¬
Great
’82. Mch. 10, ’81.
Spinners’ stock Mch. 1
Weekly Consumption.
00s omitted.
In October
In November
In December
In January
In February
54,0
54,5
54,5
54,5
foregoing shows that the weekly consumption in Europe
128,000 bales, of 400 pounds each, and that
mills both in Great Britain and the Continent have better
The
still continues at
the
ago—that is to say, together they hold
36
401,000 bales, against 340,000 bales same time last year.
Memphis
2
42
...Above low-water mark.
Nashville
2
12
New York Cotton Exchange.—Three applicants for mem¬
31
.Above low-water mark.
Shreveport
10
41
45
...Above low-water mark.
Vicksburg
bership are to be voted on next Monday, the 13th inst., and
notices for transferring seats continue to be posted. One seat
New Orleans reported below high-water mark of 1871 until
is advertised for auction in the Exchange room on the 20th
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16,1874, which is 6-10ths of a foot above inst. to close a certain transaction in dispute. In accordance
1871, or 16 feet above low-water mark at that point.
with a resolution passed by the Board of ^Managers on the 6th
European Cotton Consumption to March 1.—The cable inst., the President of the Exchange, Mr. Robert Tannahill, has
been authorized to appoint a committee of three to take into
brings us to-day Mr. Ellison’s cotton figures brought down to
consideration the question of life insurance and report to the
March 1. We have also received the revised totals for last year,
Feet.
...Below high-water mark
...Above low-watermark
New Orleans
Inch.
0
..
8
O
7
O
0
Feet.
2
26
Inch.
8
5
takings by spinners’ in
and give them for comparison. The
actual bales and pounds have been as follows:
From Oct. 1 to
For
March 1.
Great Britain.
1881-82.
Takings by spinners., .bales
Average weight of bales—
Takings in pounds
Board.
The President has
Siegfried Gruner, Mr. B.
List of visitors at
Continent.
1,135,240
2,566,280
442
438
440
497,235,120 1,129,754,800
appointed for said committee Mr..
R. Smith and Mr. George E.
this week :
the Cotton Exchange
D. N. Spur, Atlanta, Ga.
Ed. A. Graham, Montgomery,
Total.
1,431,040
632,519,680
stocks than a year
Ala.
Luther Borston, Windham, Conn.
R. G. Bainbridge, Kansas City.
J. F. Hansen, Macon, Ga.
Lawrence Hubbell, Philadelphia.
B. C. Richards, New Orleans.
Moore.
W. B. Wright, Derinont.
E. J. Bynam, Tarboro, N.
C.
Dr. Marshall, Milford, Del.
R. Tro, Louisiana.
J. Barksdale. Louisiana.
R. G. Lewis, Hawkinsville, Ga.
D. T. Cannon, North Carolina.
Jute Butts, Bagging, &c.—There has been no change in the*
position
of bagging during the week, and the market
1,347,020
Takings by spinners., .bales
448 quiet.
443
453
There
is a fair demand, but it is only for small lots,
Average weight of bales....
1,110,843,210, nothing is doing in large parcels. Prices are still
500,643,150
610.200,060
Takings in pounds.
unchanged, but it is probable that a shade less than quotations
At the close holders are
According to the above, the average weight of the deliveries might be done by a prompt buyer.
quoting 8%@8%c. ior 1% lbs., 8%@9c. for 1% lbs., 9%@10c.
in Great Britain is 442 pounds per bale to March 1, against tor 2 lbs. and 10%@llc. for standard grades.
Butts are not
453 pounds per bale during the same time last season. The very active, but a moderate trade has been done, and the
Continental deliveries average 438 pounds, against 443 pounds are some 2,000 bales at 2%@2%c. for paper grades and 2%@3c.
for bagging qualities. There is nothing doing for
last year, and for the whole of Europe the deliveries average
arrive, and the market is dull, but steady.
440 pounds per bale, against 448 pounds during the same
Comparative Port Receipts and Daily Crop Movement.—
period last season. In the following table we give the stock A comparison of the port movement by weeks is not
held by the mills, their takings and their consumption, each as the weeks in different years do not end on the same day
month since October 1, all reduced to bales of 400 pounds each the month. We have consequently added to our other standing
for this season and last season. It is a very convenient and tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact
useful summary.
For
1880-81.
1,130,120
2,477,140
continuesand
nominally
sales
parcels to
accurate
of
relative
THE CHRONICLE.
11, 1882. J
—Marc®
movement for the years named. The movement each month
.since September 1,1881, has been as follows:
297
Alexandria, Egypt,
1881-82.
March 9.
1880-81.
1879-80.
Receipts (cantars*)—
Year
Monthly
Receipts.
1879.
425,770 458,478
887,349
968,318
951,078 1,006,501
983,440 1,020,802
543,912 571,701
291,992 572,728
gept’mb’r
October..
Novemb’r
Decemb’r
January
1880.
1881.
.
February.
This week....
Sinoe Sept. 1
Beffinning September 1.
1878.
333,643
888,492
288,848
689,264
942,272
956,464
647,140
447,918
1877.
1876.
779,237
98,491
578,533
822,493
236,868
675,260
901,392
893,664
900^119
618,727
566,824
689,610
787,769
500,680
472,054
449,686
Total year 4,033,541 4,598,528 4,215,929 3,836,564 3,561,300 3,551,655
t
Pero’tage of tot. port
78-28
84-28
8627
receipts Feb. 28...
81-95
87-95
This statement shows that up to
Feb. 28 the receipts at the
ports this year were 564,987 bales less than in 1880-81 and
182,388 bales less than at the same time in 1879-80. By adding
to the above totals to Feb. 28 the daily receipts since that time,
we shall be able to rea h an exact comparison of the movement
for the different years.
1881-32.
1880-81.
1879-80.
1878-79.
1877-78.
This
week.
—
25,000
15,000
3,185,000
2,580,000
Since
Sept. 1.
This
week.
Since
This
week.
Sept. 1.
Since
Sept. 1,
Exports (bales)—
To Liverpool
To Continent
Total
Europe
4,000 216,500
4,500 144,838
5,000 184,000
3,343 99,464
8,500 361,338
8,343 273,464 10,500 392,498
8,500 250,000
2,000 142,498
This statement shows that the
receipts for the week ending
34,000 cantars and the shipments to all Europe
were 8,500 bales.
Manchester Market.—Our report received from Manchester
to-night states that the market is steady and busier with a slight
advance in prices for twists.
We give the prices of to-day
below, and leave previous weeks’ prices for comparison:
March 9
were
1882.
32* Cop.
Twist.
1876-77
Tot.Fb:28 4,033,541 4,598,528 4,215,929 3,836,564 3,561,300 3,551,655
Mcli.l
6,519
20,473
16,279
10,547
17,754
6,325
“
2....
12,465
12,171
S.
7,625
9,869
9,782
M
3....
10,803
16,505
12,432
8.
19,623
4,567
“
4....
6,913
10,056
22,115
19,653
8.
32,985
“
S.
5....
21.006
13,404
7,947
17,175
8,531
**
S.
6....
13,485
9,829
9,860
9,746
6,678
"
7....
8.
3,582
28,948
15,631
8,873
8,722
“
8....
11,056
24,435
16,415
12,300
12,430
6,561
“
9....
6,673
18.576
8.
6,724
8,728
16,228
“
10....
12,038
19,011
6,711
8.
18,764
8,473
34,000
2,633,000
d.
Jan. 6
“
13
20
27
Feb. 3
“
10
“
17
“
24
Mch. 3
“
10
“
“
1881.
CotVn
8*4 lbs.
Mid.
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6%
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Cop.
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d.
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Shipping News.—The exports ot cotton from the United
States the past week, as per latest mail returns, have reached
106,847 bales.
So far as the Southern ports are concerned, these
exports reported by telegraph, and published in
'Total
4,117,235 4,782,C62 4,319,950 3,951,024 3,678,729 3,627,522 the Chronicle last Friday. With regard to New York, we
include the manifests of all vessels cleared up to
Percentage of total
Wednesday
port reo’pts Mch.10
91-42
86 37
88-84
84-65
89-83 night of this week:
This statement shows that the receipts smce Sept. 1
up to
to-night are now 664,827 bales less than they were to the same
day of the month in 1881 and 202,715 bales less than they were
to the same day of the month in 1880.
We add to the table
the percentages of total port receipts which had been received to
March 10 in each of the years named.
India Cotton Movement from all Ports.—The figures which
are now collected for us, and forwarded
by cable each Friday, of
the shipments from Calcutta, Madras, Tuticorin, Carwar, &c.,
enable us, in connection with our
previously-received report from
Bombay, to furnish our readers with a full and complete India
movement for each week/ We first give the Bombay statement
for the week and year,
bringing the figures down to March 9.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Shipments this week.
Year Great Conti¬
BriVn. nent.
Total.
Shipments
Great
since
Jan. 1.
Conti¬
nent.
Britain
Receipts.
This
Week.
Total.
3.882 27,000 18,000 45,000 223,000 130,000
1881 5,000 24,000 29,000 60.000 122,000
1880 25,000 23.000 48,000 72,000 106,000
1879 6,000 4 000 10,000 46,000 50,000
353,000 61,000
182,000 44.000
178,000 33,000
96,000 28,000
According to the foregoing, Bombay
appears
Since
Jan. 1.
455,000
282,000
268.000
184,000
to show an
increase compared with last year in the week’s receipts of 17,000
hales, and an increase in shipments of 16,000 bales, and the
shipments since January 1 show an increase of 171,000 bales.
The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for
the
same
week and years has been as follows
CALCUTTA, MADRAS, TUTICORIN, CARWAR. RANGOON
Shipments this week.
Year.
Great
Britain.
1892
Conti¬
nent.
2,000
5,000
Total.
2,000
4,000
5,000
10,000
8,000
10,000
the ports other than
Shipments since January 1.
Great
Britain.
Conti¬
Totai.
nent.
43,000
53,000
6,000
21,000
EXPORTS TO EUROPE FROM ALL INDIA.
Shipments
to all
Europe
from—
Bombay
All other p’rts.
Total
1881.
This
week.
Since
Jan. 1.
This
week.
45,000
4,000
353,000
128,000
29,000
182,000
10,000
49,000
431,000
39,000
This last statement affords
Total bales.
New York—To
Liverpool, per steamers Baltic, 1,268:...City ot
Paris, 2,081
Helvetia, 2,362
Humboldt, 1,131
Partliia, 1,555
To Hull, per steamer Romano, 170
T» Havre, per steamer 8t. Germain, 509
To Bremen, per steamer Neckar, 807
To Hamburg, per steamer Silesia, 369
To Antwerp, per steamer Waesland, 50
New Orleans—To Liverpool, per steamers
Architect, 4,525
.
*
Alava,
...
Savannah—To Amsterdam, per bark lima, 1,602
To Reval, per brig Ceres, 741
To Cronstadt, per bark Westfold, 1,930
To Elsinore, per bark Alphonse et Marie, 2,145
To Barcelona, per barks Altagraoia,
1,706....Catalina, 1,500
To Corunna, per bark Ala, 50
.s
Texas—To Liverpool, per bark Glen Grant, 2,916
To Cork, for orders, per ship B. D. Metcalf,
4,200
barks
Betty, 2,820—Gustav Adolf,
1,452 ...Vesta, 2,120
To Reval, per barks Briedablik, 1,252
Salome, 1,590
1,075
Since
Jan. 1.
1880.
This
week.
Since
Jan. 1.
117,000
48,000
8,000
178,000
25,000
299,000
56,000
203,000
10,673
791
2,597
1,786
1,236
4,425
1,825
1,070
1,197
1,862
1,602
741
1,930
2,145
3,206
50
11,667
Galeou, 1,147
4,849
1,405
per
Total
particulars of these shipments, arranged
10,135
1,376
342
6,575
1,600
106,847
in our usual
follows:
Cork, for
Bre¬
orders,
men
and
Havre
and
Ham-
FatLiverand
pool. mouth. Rouen burg.
509 1,176
8,397
New York..
N. Orleans.
Charleston.
Savannah..
Texas
13,442
1,786
Wilmington
1,405
1,200
•
.
•
.
•
1,236
»ra
-
......
342
......
Reval, Barce-
Amster- Crondam <£ sladt
Antand
werj).^
3,902
4,425
•
2,916 11,667
Norfolk.... 10,135
Baltimore..
1,376
Boston
6,575
Philadeip’a
1,200
3,902
per
Baltimore—To Liverpool, per steamer Caribbean, 1,376
To Bremen, per steamer Ohio, (additional) 342
Boston—To Liverpool, per steamers Bulgarian, 2,486
Samaria, 911
Virginian, 3,178
Philadelphia—To Liverpool, per steamer Lord Clive, 1,600
are as
13,442
Progress,
Norfolk—To Liverpool, per ship Belle O’Brieu, 7,511
bark Kate Burrill, 2,624
form,
170
509
807
369
50
2,916
Wilmington—To Liverpool, per bark Emily. 1,405
The
8,397
4,487
Quebec, 4.430
To Falmouth, per bark Carl, 1,200
To Bremen, per steamer Rossend Castle, 3,902
To Reval, per ships Saranak, 2,920
Swallow, 3,866
per barks Cecilia, 1,187
Charles Bal, 2,700
To Narva, Russia, per brig Frithiof, 791
To Vera Cruz, per steamers City of Merida,
1,820
Whit¬
ney. 777
Charleston—To Liverpool, per bark C. E. Robinson, 1,786
To Rouen, per bark Helene, 1,236
To Bremen, per steamer Vindoballa, 4,425
To Reval, per bark Themis. 1,825
To Cronstadt, per brig Pollux, 1,070
To Norrkoping, per bark Hilda, 1,197
To Barcelona, per bark Sunrise, 1,625
per brig Mercedita,
237
same
For the whole of India, therefore, the total ship¬
ments this week and since Jan. 1,1882, and for the
corresponding
weeks and periods of the two previous years, are as follows.
1882.
same
.
83,000
64,000
19,000
32,000
Bombay is 6,000 bales less than
week last year.
the
Lyn, 860
AND KURRACHEE.
128,001?
117,000
8,000
25,000
3,000
7,000
53,000
The above totals for this week show that the movement from
1881
1880
1879
are
Narva,
and
Co
runna.
11,464
1,602
2,895
2,671
......
4,849
......
......
Total.
10,302
......
32,605
1,862
3,256
••••••
13,401
9,674
19,432
1,405
10,135
1,718
6,575
1,600
1,600
Total... 47,63212,867
Iona
1,745
9,845
1,652 21,879
5,118106,84T
interesting comparison of the
ending March 9, and for the three
Included in the above totals are, from New York to Hull, 170 bales;
from New Orleans to Vera Cruz, 2,597 bales; from Charleston to Norrkeping. Sweden, 1,197 bales; from Savannah to Elsinore, 2,145 bales.
Alexandria Receipts and Shipments.—Through
arrangements
have made with Messrs. Davies, Benachi &
Co.,
of Liverpool
%nd Alexandria, we now receive a
weekly cable of the movements
Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
a
very
total movement for the week
years np to date, at all India ports.
we
of cotton at
Alexandria,
and shipments for the
Egypt. The following are the receipts
past week and for the coiresponding week
of the previous two years.
Amerique, steamer (Fr.), from New York, whioli arrived at Havre Feb12, experienced heavy weather Feb. 8 and 9; the sea filled th«
deoks fore and aft, and damage to cargo was feared.
Mariner, steamer (Br.), from New Orleans, at Liverpool, Feb. 16,
experienced heavy weather, during which had companion way
smashed, cabin flooded with water, and sustained other damage.
THE
298
CHRONICLE.
fVoL. XXXIV.
the pressure to sell was
quite urgent and general. Holders at this stage of the season
<1 imaged lior cargo.
Bandringii vm, steamer (Br ) The salvage suit of the Baker Wrecking
usually wish to reduce stocks in store, and when wheat
Company of Norfolk vs. the steamer Sandringham (Br'), has beeu
compromised, the owners of the vessel paying the *i dvnrs the sum declined rapidly, the disposition to realize was augmented.
Missouri. s^amer (Br.). from
market, while from various causes
$45,000.
f ste tincr Sandringham (Br ), from Galveston for
Liverpool, witn cotton, went ashore at Capo Henry, Nov. 5, 1880. j
Lior Duffekin. hark (dr.), from Stvannah for Liverpool, before
reported. Forty-eight bales cotton, damaged by water, being part
of tho cargo of bark Ltdy Duff win (Br.), for Liverpool, before
reported returned to Tybee, disabled, was sold at Savannah, Feb.
27, to Messrs. Daliiu & Dresser, at an average of $39 50 per bale.
Cotton freisrhts the past week have, been as follows:
The
Bostau for Liverpool, which arrived at
Liverpool March G, took tiro while discharging and partially
of
Liverpool, steam d.
Havre, steam
sail
Do
Bail.
c.
1332*
c.
»•••
3ia® l4
316® x4
1332*
31B® *4
316^ *4
1333*
....
lo*
c.
....
....
•
....
•
•
V
V
....
....
....
....
36*
38*
38*
....
....
....
lo*
V
....
....
quite depressed early in the week,
speculation drifted into a semi-panic ; but
reduced supplies at ail points, and a marked falling off in the
stocks on hand, caused a reaction toward higher prices, which
was assisted by the large transactions for export, while prices
showed a lower range. We now begin to feel the deficiency in
the crop of 1881. The Commissioner of Agriculture for Illin¬
ois estimates that the acreage sown to winter wheat last
autumn was considerably smaller than in the preceding year.
To-day prices were strong, but neither shippers nor millers were
doing much, the market being left almost exclusively in the
hands of speculators; No. 2 red winter, $1 33% for April and
The wheat market was
and at the West the
516'2)716 B16'®71C Bie®7ie B16'®716 B16'®71« B16'®716
Baltic, steam—d.
c.
....
....
....
....
....
....
active.
more
lg*
....
....
....
....
stuffs have also declined, and to-day prices were
barely steady at the reduction, although business was rather
....
....
....
....
•
1332*
....
V
Bail...®.
sail
316® *4
3ie®
1332*
310®
316® *4
l332*
imat’d’m, steam.c.
Do
Bail...d.
Do
316 d> x4
3i6® 14
Hamburg, steam, d.
Do
Fri.
Tues.
Bremen, steam, .e.
Do
Thurs.
Mon.
sail...®.
Do
Wednes.
Satur.
coarser
May.
Indian
West
Compressed.
Liverpool.—By* cable from Liverpool, we have the following
•tatement of the week’s sales, stocks. &c., at that port:
has
corn
now
The receipts at the
and stocks rapidly diminish.
materially advanced.
fall below last year,
is held in check by the floods.
There
The Southern demand
export, which has had the effect, in conjunction
advancing prices. To-day the market
was again stronger; straight white and yellow grades were
91.000
61.000
56,000
5S,Oi)o
Bales of the week
bales.
2,600 very scarce, and 75c. was paid for prime yellow; No. 2 mixed,
3,700
3,100
3,500
Of which exporters took
3.600
2.500
1,180
1.520
Of which speculators took..
61,000
70%e. for April and 71%e. for May.
42.000
44,000
46,505
8ales American
3.600,
6,200
5,300
5,700
Actual export
Rye has been dull and drooping. Barley has been dull, but
9,700
13,000
8,SO()
5,500
Forwarded
734,000
742,000
731,000
with a rather better feeling.
closes
700,000
Oats have materiaily
Total stooi-' -Estimated
535,000
526,000
527,000
497,006
OfwliiL.. A jioriean—Estnn’d
102.000
63.000
103,000 advanced, but to-day were slightly lower, under more liberal
114.000
Total import of cue week
61,000
76,000
52,000
75.000
Of willed American
No. 2 mixed, 50%c. for April and 49%c. for May.
431,000 supplies ;
3 si,000
430,000
382,000
Amount afloat
It. is probable that the Erie Caual will re-open for navigation
2 1 7,(MX)
210.900
209.000
222.000
Of vv'iwdi Amerk-wn
about the third week in April, or much earlier than usual.
»i ^ .mu niiuren eaen day oj the
TUetonoor i ue leverp »»i m trsiL lor
weekending March 10. and the daily closing prices of spot cotton, have
The following are closing quotations :
been :«a follow*:
Mch. 10.
Mch. 3..
Feb. 24.
Feb. 17.
has been
some
with the local trade, of
....
flour.
Spot.
Market,
12:30f.m
Wednes.
Tuesday
Saturday Monday
Thursday.
Fi'iday.
Active.
(rood
d un ind
Fair bus.
Fair
at previ- Harden’#.
dtvn ind
Elarden’g.
freely met oua prices.
^
(
G°ig
laid.Uprd-
03i
10,000
fcao.url’urt
Bales
69 ps
6-U
6’>8
6iais
6916
'
6^
10,000
1,000
10,000
500
500
Bpwo.»kexp
6° us
6%
freely met
O-^s
61316
15,000
18,000
15.000
2,000
2,000
2,000
3 40
3 DO® 3 50
Winter superfine
3 7 >® 4 10
Spring supertiue
3 85® 4 25
Spring wheat extras.. 4 40® 4 8)
5 00 ® 7 25
do XX and XXX...
Wis. <fc Mini, r.ve mix. 5 50 ft G 50
Minn, clear and stra’t
5 5 0® 7 00
Winter rthipp’gextrart. 4 65® 5 10
do XX and XXX. ..5 2 5® 7 25
bbl. $2 75®
No. 2 spring...$
No. 2 winter
Futures.
Marker,
12:30 p.m.
Market,
6
\
P. M.
/
(
Tuese sales are on the basis
nuless otherwise stated.
Dull
and
easier.
Barely
steady.
Steady.
Steady.
Weak.
Steady.
Steady.
provi-ms
prices.
Steady.
Quiet.
Steady.
j
below.
,
Dull
and
easier.
for tlie same week are given
of Uplands, Low Middling clause,
8ATURDAY.
Delivery.
d.
June-July.. 650..4-®49(,4
July-Aug
Go464^5264
Aug.-Sept
G56.:4
d.
Delivery.
Gs0,>4
Mareli....
,36 (,4
Mar.-Aoi
..
Apr.-May
64ift4®40,4
May-Juue ..64Go4a*4564
..
634g4
March
..034^^33,^
July-Aug
Mar.-Apr. .634
4
Apr.-May
638C4
May-June ..64o64® 1404
June-July
647^
Aug.-Sept
March....
.
d.
634g4
Apr.-May
639^
May-Juna.... ,...G44g4
Delivery.
Mar.-Apr
Juiie-July
648c4
Spring.per busli. $1 14 ®1 37
1 24 ®1 26
Spring No. 2
March
Gj4,54
634(.4
Mar.-Apr
G34,;4
Apr.-May
G3‘JU4
63tP4 Aug.-Sept
G3464 Sept.-Oct
Apr.-.VIay...G39,.4®38rf4 ( May-Juue
Mav-Jimo
G*:lH4 j June-July
March
..
Mar.-Apr
2
1 33
121
Corn—West, mixed
West. mix. No. 2.
67
White...*.
..
July-Aug
64364
644„4
■2)4564 ®4464
6B264
Rye—Car lots
Boat loads
5 25®
4 25®
Rye tlour, supertiue..
Corn meal—
Western, &c
..
3 65
3 2 5®
3 7 Off)
.
Brandywine. <ke
7 75
5 85
4 50
6 00®
family br ands
South’u st ip’g extras.
.
3 75
2 00® 2 25
Buckw’t flour. 100 lbs.
t)i>4ri4@53,4
(H-H4
644,^
643,j4
635,4
March
Mar.-Apr
Apr.-May
May-June
June-July
G-st)^ Aug.-Sept
654,^
*10^4 ©52^4 ! Aug.-Sept
Aug.-Sept
G3664-®37<!4
Mar.-Apr... 6;,-6,4 ®37,4
March
Apr.-May ..<;40,4®42,.4
May-June ..645 4®48 4
June-July
<»»o 4
July-Aug
6‘>4,4
Aug.-Sept
6o\4
Mar.-Apr
.
,638(34
.
t.636g4
G36,.4
640g4
645^
(>4964
65564
May-June
July-Aug
638,-4
649,-4®~>i,:j
Mar.-Apr
-•''4G64
...6o0( 4
...637h4
637(i4
«;54,.4
658, 4
Apr.-May
...64le4
8":4
4
July-Aug
646
June-July..
Aug.-Sept
March
\:,'a8,
6-
Mar.-Apr..
..
March
4,
Jnlv-Aug
May-June
June-July..
4
■S37,.i4^ ;Bt.4
-4b
(54
Apr.-May
M^.V j llie ..<-46 :4'fl!)47^i
June-July ..6oOg4g)5i04
...
March
639H4
Mar.-April
May-Juno
June
July
-
•
...
43,308
62,920
265
Milwaukee
11,670
1,799
28,237
1,320
Cleveland
8t. Louis
Peoria
Duluth
Total
149,519
Same time ’81. 128,562
..
.
6oS,j4/*,'934
t)39H4
04364
<j52t4
Wheat
636,,4
Corn
Mar.-Apr
uune-July
63t>H4
649e4
Oats..
July-Aug
65364
Rye
July-Aug
Sept.-Oct
June-July.
May-June
f)56G4
J uly-Aug
647,^
G5i64
647g4
655,^4
..._
®
1 15
1 00
1 07
®1 30
@1 02*2
®1 10
»
©
.
...
.
...
®1 04
.
...
Produce Exchant/e Weekly.")
Wheat,
Corn,
bush.
bush.
(60 lbs.)
(56 lbs.)
78.515
71,662
45,714
21.46 i
22,300
150,284
4,500
197,115
lake and river ports
Oats,
bush.
41,450
24,4a5
1,500
574
174.310
226,950
bush.
Rye,
bush.
(32 lbs.) (48 lbs.) (56 lbs)
4.043
208,808 63.3M)
77,000
7.000
Barley,
4,741
8.950
53,716
68,550
59.215
5,790
7,604
9.400
6,123
6,430
12,650
10,700
434,936
708,370
524,289 1,577,390
386,789 158,347
5*27,096 104,139
26 963
porks from Dec 26, 1881, to
compared with the previous three v^ars :
bbls.
bush.
Barley
....
24,887
March 4,
1878-79.
1880-81.
1879-80.
1,529,5/1
960,131
1.123,359
17,974 269
6,11:3.713
12.645.23 )
7,875,020
22.899,623
7,017,833
2,797.811
499,378
5,325,140
2,186 817
350,944
3,552,682
1,328.651
459,360
11,803.897
13.761,934
3.431.596
35,241,568
26,651,853
36,106,336
3,552,243
6,952,277
1,339,094
581,792
30,968,313
Comparative receipts (crop movement) at same ports from
August 1,1881, to March 4,1882, as compared with the pre¬
vious three years :
Flotir
Mxrch 10, 1882.
1 10
1 1 L
1 01
90
Total receipts at same
1882, as
5D4
52^4
40,500
Total grain
G‘>5^4
Canada No 1....
Canada bright...
State, 4-rowed...
State, 2-rowed...
Canada
State, 2-rowed...
State, 4-rowed...
84
89
52
55
m
52
Barley Malt—
90
72
646fl4
quite depressed early in the week, and
prices of low grades fell to flgnres the lowest quoted in many
months. The lome tra le fell off. and shippers were not in the
(196 tbs.)
....
Toledo
Detroit
March
Friday. P. M..
was
Chicago
657^
BREADSTUFF S.
The flour market
Flour,
May-June
Aug.-Sept
Friday.
Aug.-Sept
Ma’dl
72
75
78
cD
®
51
51
Barley—
7212
1881-82.
G38..4 Sept.-Oct.. .644^3>4G,4
May June
®
®
®
®
®
®
49
White
No. 2 mixed
No. 2 white
Receipts of flour and grain at Western
March 4, 1882:
Flour
Mar.-Apr.
*>41
646m
Thurso\v
March....
t\
Sept.-Oct
G3964
April-May
64364
...G51i4 June-July ..652^4^61^
6&6g4
...C&5g4 July-Aug
...63^04
...647h4
Juue-July
36
®1 34
®1 31
® 1
Mixed
for the week ending
bbls.
Wednesday.
March
71
72
73
80
70
82
88
Western yellow..
Western wkito...
Southern white..
Southern yellow.
At—
Juue-July.. -...o4S 4
| Mar.-Apr
®>46, 4®4.<,4 ! Apr-May
July-Aug
1 22
Red winter
Red winter, No.
(From the “ New York,
May-June
May-June..
Tuesday.
-
G 00® 6 75
bakers’ and
Oats—
Wheat—
Monday.
-v>
Southern
GRAIN.
Sellers
»
The actual sales of futures at Liverpool
A"'
$6 50® 8 25
Patents
City snipping extras.
Wheat
bbls.
hnsli.
1880-81.
1879-80.
5,193,703
4,159,182
3,974,713
31,956,858
59.340,556
73,434.147
60.171,023
67,892.761
53,829,329
20.342.578
Oats
77.006.32 t
2 >,SJJ.31S
Barley
Rye
10.119,510
3.163,773
10,071.639
2,812.750
113,079,783
172.116.737
Corn..!
Total grain...
1878-79.
1881-82.
5,038,012
26,454,645
4.570,153
16.975.937
9.181.395
6
3,273.046
8,380,870
1,538,135
160.171,554
151,983,673
r
THE CHRONICLE.
11,1682]
makch
Comparative shipments of flour and grain from the same
ports from
years:
.Deo. 26, 1881, to March 4,1882, inclusive, for four
....bbls.
Flour...
Corn
rji+a
Barley
Rye ....
.........
Total grain
1879-80.
754,434
2.667.219
....
187--79
1,317.460
12,857.279
7,54G.539
4,7(50.841
2,001,116
11,369,903
2,154,076
1.125.909
1,238.935
429,9G3
G48.315
886.802
405,357
328,839
242,827
23.149.155
16,643,467
16,502,339
15,025,069
5,51 /,697
....
.
1880-81.
1.535.219
3.242,913
bush.
Wteat
1881-82.
1,413.493
4.972,719
6,610.501
2,312,220
weeks ended:
1882.
Floor
...bbls.
Wheat
Corn
..bush.
Oats
Barley
Rye.
Total...
1881.
Week
Week
Mar. 4.
163,980
1880.
Mar. 5.
Week
Mar. 7.
1879.
Week
Mar. 8.
139,813
102,472
140,493
749.585
638.510
259.935
194.273
207,297
220,380
803.569
862,146
1,729,023
231.936
66.532
39,994
368,926
88.478
37,512
242,196
73,306
20,311
1.386.304
1,564,359
2,285,216
71,986
23,619
1,743,635
Flour,
Wheat,
hush.
Corn,
Oats,
bush.
bush.
Barley,
Rye,
bush.
Mar.
5...163.980
Feb. 25... 128,191
Fe'j. 18... 155.507
276,475
893.759
284.886
66.532
285,971
1,131.958
287,019
91,762
131,401
1.591.500
500.264
85.802
bush.
39.994
18,12s
46.048
Feb. 11... 150.296
251,526
1,862,417
627.364
110,227
39,875
obis.
The feature of the week’s business
was a decline of
about /£e. per yard on medium grade bleached
cottons, in
which such popular makes as Lonsdale, Fruit of the
Loom,
Cabot, Androscoggin L, &e., participated. This action was not
unexpected—as goods of this class have been accumulating for
some time past—and in other
respects prices remained without
quotable change. Print cloths were quiet with a drooping
tendency, sales of 64x64s having been made at 3 ll-16c., while
56x60s were offered at 3%c.
Prints were mostly quiet, and
though leading makes continued steady in price, some large
lots of white ground standard fancies were closed out as low as
5%c., less a discount. Ginghams ruled quiet in first hands, but
fairly active with jobbers, and there was a limited business in
cotton dress goods.
Domesiic Woolen Goods.—There was a steady demand for
heavy woolens by the clothing trade, with most relative activity
in the finer grades of cassimeres,
suitings, worsted coatings,
cheviots and overcoatings, many of which are under the control
of orders for
Kail and lake shipments from same ports for last four weeks:
Week
endina—
tions.
299
some time to come.
Union and cotton warp
cassimeres have also received a fair share of attention, and
there was a steady movement in cloakings and sackings on
account of former orders.
Satinets were less active, save in a
few of the best heavy goods, which
changed hands in fair
quantities.
Kentucky jeans were very quiet as a rule, and
almost wholly of a hand-to-mouth character.
Exports from United States seaboard ports and from Montreal Dress flannels were in good request, but other flannels remained
for week ending March. 4,1882:
quiet, and there was only a limited call for blankets. Worsted
Corn,
Wheat,
Oats,
Tea*,
Flour,
Rye,
dress fabrics, also nun’s veilings and buntings, were distributed
bush.
b}ish.
bush.
bush.
bush.
From—
bbls.
526,009
New York
94,914
453,967
2,931
32,021 in fair
quantities, and there was a good steady trade in
11.706
170,637
Boston
9,953
40,000
Portland
9,2j0 .ingrain, three-ply and tapestry Brussels
carpets. Prices of
87,000
1,100
Philadelphia..
woolen
4.435
are
Baltimore
goods
9,221
136,317
generally firm, and stocks are in very good
18,195
New Orleans;.
2,670
shape.
Total for w’k 117.861
72^.990
719.276
2,931
Foreign Dry Goods were in steady but moderate demand
41.221
Same time ’81. 155,212 2,179,361 1,542.624
1,871 71,658 13 991
at first hands, and fairly active with jobbers.
Dress goods met
The visible supply of grain, comprising the stocks in granary
with considerable sales, and black and colored silks, Rhadames,
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, March 4, 1882, was as merveilleux, moires, brocades, &c., were dis ributed irl fair
follows:
q’ant ties at steady piices. Men’s-wear woolens were rather
Oats,
Rye
Corn,
Wheat,
Barley,
more
active, and while linen and white goods were in fair
bush.
bush.
bush.
Instore at—
bush
bush.
4 2.960
112.315
350,818
New York
3,414.550 2,721,181
request, there was a satisfactory business in Spanish and other
Do. afloat (est.)
265.000
SO 00
606,000
5n, 000
823,000
75.000
90.50O
10.400
20,100
laces, and Hamburg embroideries. Kid and fabric gloves were
210,000
Albany
Buffalo
4,472
41,361
205,315
2,077
328,654
in fair demand, and British and German hosiery continued to
434.322
Chicago..
803.28 1
3,748,437 5,160,358
2T7.184
Milwaukee
269.249
108.27.
22,460
9,487
1,621,303
move steadily at unchanged prices.
Dnluth
Tot., 4 wks.597.974
iw’ks’Sl-.SiO.lSS
945,373
761,851
5,479,634 1.699.533
3,001,371 1,942,711
354.323 144.015
337.613 138,204
selections
were
•
Toledo
Detroit
Oswego
St. Louis
Boston
Toronto
Montreal
Philadelphia
Peoria
455.811
28.285
965,201
1,681.809
44,844
343.717
73,833
140,850
469,104
11,613
Indianapolis
Kansas ('Aty
Baltimore
753,971
705,552
756,712
75,000
.....
Down Mississippi.
On rail
Tot. Mar. 4. N2..
Do. Feb. 23. '82..
Do. Feb. 18, ’82..
Do. Feb. 11, '82
Do. Feb. 4. ’82...
Do. Mar. 5, ’81..
..
8.514
16,658
120.000
54,015
232,735
375.989
143,400
230.300
244,000
112.000
1,391.380
604.518
82.202
90.190
350,000
900,000
94,091
89.581
6,223
77,561
135,000
204 366
69,0» O
26,000
10,000
7,045
500,0o0
12.-.483
10,429
254.448
19,954
.
.
...
8.953
8.00c
89,112
2, L37
16.^77
38.541
100.102
18,50.
7,578
.....
......
......
72,000
40 0 >o
16,118,519 14.200.219 2.283.241 2.348 360
17,045,992 15,656,329 2.412.225 2,286 407
17.800,544 17.215,248 2.811,383 2.544.944
18.134.223 17,887,770 2.9 :3.208 c.671 8*0
18.027.998 18.313.139 3.180,3.-6 2,792.783
1,160 0-6
1,110.-1 :
24.356,235 15,662,753 3,408,454 2,868,123
7o3,»>52
THE
DRY
GOODS
1,1 4n.309
1.167.792
1,145,926
TRADE.
Friday, P. M., March 10, 1S82.
The
jobbing trade in dry goods was fairly active the past
week, and though retailers are pursuing a cautious policy and
governing their purchases by actual wants, the volume of busi.
ness in this connection was
by no means unsatisfactory. The
demand at first hands was somewhat irregular, and, upon the
whole, sluggish, jobbers being pretty well supplied with most
descriptions of seasonable goods for the present. The cotton
goods market was unsettled by a break in bleached cottons^
and some large transactions in prints were stimulated by lower
prices ; but values of other cotton goods remained unchanged^
and woolen goods and nearly all imported fabrics were steadily
held. The auction season has fairly commenced, and some
large lines of silks, &c., were offered at pu .-lie sale, but with
indifferent results, the demand having lacked spirit.
Domestic Cotton Goods.—The exports of cotton goods for the
week ending March 7 were 3,001 packages, including 1,663 to
China, 29 ) to United States of Colombia, 265 to Great Britain,
269 to Argentine Republic, 69 to Mexico, 62 to Hayti,
&c^
making the total exports since January 1st 23,558 packages^
against 23.999 for the same time in 1881. There was a moderate
call for brown, bleached and colored cottons
by package
buyers, and the jobbing trade was of good aggregate propor¬
Importation** of Dry Goods.
.....
......
7,340
......
2,950
315,136
10,45*2
The importations of dry goods at, this port for the week
ending March 9, 1882, and since January 1, and the same fact
for the corresponding periods of 1881, are as follows:
,i
"■
,
[Vol. XXXIV,
THE CHRONICLE.
300
'=~
Financial.
-
-
FOR
Cor.of Montague & Clinton
EMPLOYEES HOLD¬
OFFICERS AND
POSITIONS OF TRUST.
ING
Brooklyn sts.,Brooklyn,
Trust Co.
N. Y.
Suretyship The
Bonds of
Financial.
Financial.
This
act
as
21
Co.
Company is authorized by special charter to
receiver, trustee, guardian executor, or ad¬
NORTH AMERICA.
OF
Cash capital
Cash assets over...
•
Deposit at Albany
••
I
YORK OFFICE:
NEW
No.
General Manager:
Edward Rawlings.
I
President:
Sir Alex. T. Galt.
270,000
320,000
200,000
WILLIAM STREET.
47
Guarantee.
Bonds of
is solely that of
sSirretyship.
CASUALTY CO.
FIDELITY &
YORK.
OF NEW
Capital invested in U. S. Bonds..
250.000 00
On deposit with Insurance Department.. 100,000 00
Officials of Banks, Railroads and Transportation
Companies, Managers, Secretaries and Clerks of
Public Companies, Institutions and Commerc al
firms, can obtain security from this Company at
moderate charges.
.
.
The bonds of this Company are accepted
courts of the State of New "i ork.
Full information as to details, rates, &c.,
obtained on application to head office,
..
.
by the
can be
187 BroadWm! M. Richards, Prest. John M. Crane, Sec’y.
W. Harvey Lee, Inspector.
Directors—George T. Hope,G. G. Williams, Geo.
8. Coe, Charles Dennis, J. S. T. Stranahan, A. B.
Hull, A. 8. Barnes, S. B. Chittenden, H. A. Hurlbut
W. G. Low, David Dows. J. D. Vermilye, Alex.
Mitchell, Wm. M.
Richards.
CHOICE
FOR
Loans,
Mortgage
CENT,
PER
6
INDIANA
l‘E it
8
SOUTHERN
Capital Stock,
SOUND
INVESTMENT SECURITIES
tion, and their
Bonds purchased or
CONDUCT THE
WILL
on
MONROE, LOUISIANA.
C. SHORT.
President.
C. NEW, Vice-President.
WML. P. WATSON, Sec’y and Treas.
Co.,
Albert E. Hachlield,
NASSAU
17
Deals
BONDS,
AND
EXCHANGE.
strictly commission business conducted in the
purchase and sale of Stocks and BondB on Margin
or for investment.
Complete Financial Report issued weekly to our
correspondents.
A
in
Practices in the District, Circuit and Supreme
Courts of the United States and of the State, in
all classes of cases. Has no other business, and de¬
votes his personal attention and all his time exd%-
tively to his profession.
WINTRINGIIAM,
GAS, INSURANCE, BANK STOCKS, &o.
SECURITIES BOUGHT AT THE AUCTION
No. 36 PINE STREET,
NEW YORK.
BANKERS AND
and
INVESTMENT
SECURITIES.
desirable
*•
No.
GAS STOCKS
AND
Hatch & Foote,
XTTD
AND ALL KINDS OP
J. S. STANTON,
SEE GAS
American Cable Construction Company,
Continental Construction and Improvement
Co.,
North River Construction Company,
Ohio Central Subscriptions,
Richmond & West Pt. Terminal &
17 NASSAU STREET,
5s,
8t. Louis Keolrnk & Northwest.
R’way Securities
Quincy Missouri & Pacific Railway Securities,
Little Rook Miss. River & Texas R’y Securities,
Valley Railroad of Ohio 1st mortgage 7s,
White Water RR. of Lad. Stock, Com. and Pref.,
St. Louis
BANKERS,
11
DEALT
SAMUEL
II.
IN
Stock,
BY
Central RR. Old Land Grant Bonds.
St. Joseph & Western RR. Stock.
St. Joseph & Pacific RR. Bonds.
City of St. Joseph Mo., Old Bonds.
International Improvement Co. Subscriptions.
Brooklyn Elevated RR. Securities.
American Cable Co. Subscriptions.
Midland Railroad of N. J. Securities.
Chicago & Grand Trunk RR. Securities.
South Carolina RR. Securities.
Grand Rapids & Indiana RR. Stock.
Cincinnati Richmond & Fort Wayne StockBought by WM. R, UTLEY,
No. 31 PINE STREET. NEW YORK
GROESBECK.
GRANT B. SCHLEY
Members N. Y. Stock Exchange
^
*
Groesbeck &
Schley,
BROKERS,
BARROWS
38 BROAD STREET.
New York.
THE NEGO¬
RAILROAD
SECURITIES.
Wisconsin
ERNEST
New Haven & Derby Railroad
Pine Street,
SPECIAL ATTENTION GIVEN TO
pounty, City & Town Bonds ot West. States.
mon) Stock,
Railway Stock (of Conn.),
A. BROWN.
TIATION OF
Vandalia & Terre Haute RR. com
Shore Line
QUOTATIONS TN THIS PAPER.
Walston H. Brown & Bros
98 BROADWAY, NEW YORK.
^FUNDING
IN.
WALSTON H. BROWN.
FRED.
HERBERT P. BROWN.
W’housing Co.
New York, Chicago & St. Louis Subscription, and
all other quotable Construction Stocks.
BASEMENT.
ILl7,
SECURITIES
BROOKLYN
DEALT
DEALER IN
SPRINGFIELD,
AND BONDS
STREET RAILROAD STOCKS
SXIiL
GOVERNMENT BONDS, STOCKS AND MISCEL¬
LANEOUS SECURITIES,
ADDRESS:
SECURITIES,
GAS
BANKERS, No. 12 WALL STREET,
bonds
Beasley & Co.,
of country banka.
STREET, NEW YORK.
WALL
17
York.
SECURITIES.
H. Prentiss,
Geo.
Indianapolis & St, Louis lsts.
Columbus & Toledo lsts.
Joliet & Northern lsts.
Cincinnati Richmond & Fort Wayne Stock.
Cincinnati Hamilton A Dayton Bonds
Correspondence solicited.
OF
BROKERS,
Cor. New, New
7 Wall St.,
SALES.
Co.,
A. H. Brown &
WANTED:
always in hand
ITT
Refers to Bank of Monroe.
P.
J.
STREET,
Investment Securities
Bonds Generally.
BUT
#
Solicitor and Attorney.
Counselor,
Special attention to business
MEMBERS OF THE N. Y STOCK
A. W.
W. W. Farmer,
negotiated.
BONDS or
interest-paying investments.
other information furnished on ap¬
Coleman Benedict & Co.
of
Brooklyn. 31 Pine St.. New York.
16 Court.St.,
FINANCIAL RE-OR-
BEERS,
B.
Commission.
SELL DEFAULTED
1864.
assortment
FRANK
JOHN
COMMISSION MERCHANTS
2 Exchange Court, New York.
An
5 Per Cent Bonds.
Brooklyn Gaslight Company Stock.
Union Ferry Company Stook.
Nassau Gaslight Company 9 Per Cent Certificate*.
Brooklyn and New York Bonds, Bank, Insurance, and other Local Stocks.
Bought and Sold by
convert them into
Ain.
ST., NEW YORK,
C. WlERUM.
WILL BUY OR
JOHN
ESTABLISHED
and Bonds,
CITY RAILROAD CO.
BROOKLYN
ANIZATION of Railroad Compan'es and other
orporations whose property is in the hands of
Receivers or Trustees.
WILL BUY AND SELL INVESTMENT SECUR¬
ITIES
PLACE,
CHAS. K. RANDALL,
OTTO
Member N. Y. Stock Exchange.
FINANCIAL NEGOTIATIONS conducted for
Counties. Towns and Cities, and for Railroad Com¬
panies and other Corporations.
BANKERS AND
INVESTMENT
50 EXCHANGE
Brokers in Railroad Stocks
plication.
Indianapolis. Tn«L» and Montgomery,
STOCKS
Randall & Wierum,
furnished
Corporate and Private Investors.
CAPITAL FURNISHED OR PROCURED for
Railroad Companies having lines under construc¬
JFRAXCIS SMITH dc CO.,
NO. 24 BROAD
^1,000,000
-
-
to
WRITE
R. T. Wilson &
-
MISCELLANEOUS SECURITIES.
First and only Mortgage
ST., PHILADELPHIA,
PORTLAND BLOCK, CHICAGO.
Circulars and
CENT,
AND
YORK,
434 LIBRARY
1375.01© 00
Ajisets
STOCKS.
GOVERNMENTS & FOREIGN EXCHANGE,
FINANCE COMP’Y,
NASSAU ST„ NEW
BONDS,
City and other Railroad Stocks & Bonds
AMERICAN
5 & 7
YORK,
STOCKS,
COMPANYS*
TRUST
McCue,
K.Sheldon,
Martin.
W.Corlies
obtained,
of this Company
Vice-Pres’t.
AMD
STOCKS
TELEGRAPH
Wm. B. Kendall, Henry Sanger,
Alex.
John P. Rolfe,
Chas.R. Marvin. A. A. Low,
E. F. Knowlton, Abm. B.Baylis, Henry
H. E. Pierrepont, Dan’l Chauncey. John T.
Alex. M. White, Josiah O. Low, Edmund
Frederic Cromwell.
WM. R. BUNKER, Secretary.
Where all Information and forms may be
or from the Head Office, Montreal, Canada.
The business
CHAS. R. MARVIN,
TRUSTEES:
for money.
STREET, NEW
NASSAU
GAS
ministrator.
.
It can act as agent in the sale or management of
real estate, collect interest or dividends, receive
registry and transfer books, or make purchase and
sale of Government and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction of business, will
find this Company a safe and convenient depository
NOYES,
DEALER IN
A
The Guarantee
C.
WM.
FORDYCE D. BARKER,
HENRY
Member N. Y. Stock Exchange.
Barker & Tinker,
STOCK
31 Sc 33 BROAD
WALL
STREET, NEW YORK,
BROKERS,
STREET, NEW
ROOM
YORK.
8.
investment or on
New York Stock
Buy and sell on commission, for
margin, all securities dealt in at the
'
Exchange.
-
C. I. Hudson & Co.,
3 EXCHANGE
COURT, NEW YORK*
Private Wire
Branch Office and
at the “
Cumberland,” Broadway and
22d straw-
Buy and sell on commission, for investment
margin, all securities dealt in at the New
Stock Exchange.
R. R, LEAR
£o,
C. TINKER
.
C. I. HUDSON,
T. H
Member N.Y, Stock Lxcb.
oroa
CUB**
@FedFRASER