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kmm
AND
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
VOL.
NEW
32.
YORK, MARCH
&
Phelps, Stokes
PHELPS,
JAMES STOKRS,
ANSON PHKIiPS STOKES,
». P. OLCOTT.
I.
Co.,
BANKERS,
47 \ir&U Street,
dc
ISSUE
TRAVELERS) CREDITS,
CIRCULAR NOTES,
COMMERCIAL. CREDITS.
LONDON C0RRKSP0NDENT3
The Union Bank ot
liOadon. Messrs. C.
X Son.
J H&mbro
Antwerp.
9,000,000 Francs.
BOARD OF DIRECTORS
FSLIX Obisar,
:
President.
Otto g-jntiikr (CornelUe-Dayld).
DK Gt TTAL.
AD. Frank
(
Model
j'rant,
&
Cle.)
TRANSACTS
GENERAL BANKING
BUSINESS.
ASA
Eddy. Cashier.
PoTTKK. Prest.
J. J.
BOSTON,
......
solicited.
Satisfactory
business
No. 2
paper discounted
Cor-
John
„
^
,.^
,
Daniel
37
All Classes of liirestineiit
PINE STREET,
NEW VOUK.
Lansdale
or on approved margin,
Securities dealt In at the Stock Exchange.
choice line of Investment Bonds always on
II.
LiNDLXr HAINCS
Ti.TU)U, JB.
L. H. Taylor
&
Co.,
Bankers and Brokers^
140
SOUTH THIRD STREET,
P1III.ADBLPIIIA.
Aug. T.
25
Post, Banker,
NASSAU STREET,
BUYS AND SELLS
State, City and County Securities.
CORRKSPONDKNCB SOLICITED.
BROADWAY, Rooms
37 ds 38.
OFFICE, TROT. N. Y.,
Connected by Private Wire.
ALL securities dealt in at the New Vork Stook
Exchange baunht and sold on commission and carried on a fair margin.
INTEUE8T allowed on credit balances.
No. 80
BBANCa
hand.
Correspondence
Simon B org.
solicited.
WALL STREET, NEW YORK,
Co.,
DEALEB IN ALL KINDS OF
MEBCHANTe,
COMMISSION
BANKERS AND
% Bxclianore «oiu-t, Nsw York.
Railroad and Investment Socnrities.
R. T. Wilson
&
No. 35
SODTUERS SECCSITIES A SPECIALTY.
B0:KDS of SURETVSHIP.
THE
aed
Deposits received subject to check at slfElit,
tnterest allowed on daily balances.
StockB, BondH, &c.. bouKlit and sold on commission
in Philadelphia and other cities.
Particular attention Klven to Information regardhue Investment Securities.
Boardman,
STOCK BROKER,
respondenoe invited.
Lewis
Securities
AND
MISCKLIiANBOUS BONDS AND STOCKS,
No. a Wall Street.
(Member of N. Y. Stock Exchange.)
A
Levy,
L.
A. Moran,
sells for cash,
Son,
(LATE OF LEVY & BORG.)
DEALER IN
Nesotlatea Flrst-Clasa Railroad, State,
and City Loans.
all
&
Cisco
BANKERS,
(iOVEUNME.NT BONDS, STOCKS AND AH,
l.NVESTMKNT SKCURITIES BOUGHT AND
SOLD ON COMMISSION.
^^
^
,
collateral at the
^
J.
SIASS.
No. r>9 WALL STREET, NEW YORK.
DEPOSITS RBCEIVKD SUBJECT TO CHBCK
AT MGUT, AND INTEREST ALLOWED ON
DAILY llALA^CES.
on commission for cash
^
CONGRESS SQUARE,
BOSTON,
l>eposits received subject to check at sight.
4 per cent interest alluwod on all daily balances.
Orders executed at London, San Francisco, Boston, Plill:idelphlattnrt Baltimore KxchMnges.
P. S.— My New Vork Weekly Hnancial Report la
mailed free of charge on apullcation,
Buys and
$400,000
400,000
COLI>ECTION9 a specialty. Business from Banks
and Bankers
PHILADELPHIA)
7 CONGRESS STREET AIID
No.
K. Y. Stock Exchange.
Securities bought and sold
or on raiirgin.
A
Maverick National Bank,
CAPITAL,
SURPLUS,
NEW YORK,
General Bankine Baslnesa Transacted.
Adg. Nottkb jnsi (Nottcbohm Freres).
Fb. 0UANI3 (MlchIel8-Loosl.
Jon. Ua!<. Fchbmann, Jr. (Joh. Dan. FnSnnimn).
Loots Wbbbr (Kd. Weber & Cle.)
ivutu i;AUTitNSTBAVOu (U. Sctimld A Cle.)
P.
of the
Advances made on approved
market rale.
^
Alfbkd Uaqdi-xay (GralT * Maqninay), VlcePres
J. B. Vos DBR Bkckb (B. Von der Becke).
EStl-LB
BOSTON,
BBOAD OR 27 WALL STREETS,
NEW YORK,
Member
A
- -
OF ALL ISSUES.
OOMMISSIOX OBDSnS BXSOVTBD IS
BANKEE AND BKOKEE,
No. 5
IN
GOTERIVSIENT BOKDS,
E. Trowbridge,
F.
Anversoise,
Paid-Up Capital,
BANKERS,
AND DBALKRS
Accounts and Agency of Banks, Corporations,
Orma and Indtvlduats received upon farorable terms.
Dividends and interest collected and remitted.
Act as agents for corporations in paying coupons
and dividends ; also as transfer agents.
Bonds, stoclis and securities bought and sold on
commission.
Sound railroad and municipal bonds negotiated.
Sterling exchange bought and sold. Drafts on
Union Bank of London.
Banque
Centrale
Co.,
BANKERS,
William Street, New ToBk.
63
New York,
Financial.
Foote & French,
&
J^^up, Paton
N.
45
I
Financial.
Financial.
NO. 820
12, 1881.
Wood &
Davis,
Canada Guarantee Co. BANKERS AND BROKERS^
OF MONTREAL
31 Pine Street,
em
Isano bonds guaranteeing the honesty of
ployees and persons In positions of trust.
Subscribed capital
Paid-up capital In cash
Assets
Deposited at Albany in U.
NEW
•?ftS'292
lfis'922
230,000
8.
100,000
Bonds
YORK DIRECTORS:
New
York.
AND
GOVERNMENT BQNPS, MUNICIPAL
BAILROAI) SECu3iTIE8 BOUOUT AND
SOLD ON COMMISSION.
MORTQAGK
BONDS
CHOICE RAILROAD
"•^"'^
KOB SALE.
C. D.
Wood.
Sam'l D. Datib.
& Co
VERMILYE, Esq.. President Merchants' Hilmers,McGowan
_
_
.,,,,.
BROKERS IN
B. B. SHERMAN, Esq.. President Mechanics'
Day,
National liiink.
^
,,
„
„
Grlnnell,
Messrs
Esq.,
MINTURN,
11.
ROBERT
Mos. 84 and 35 DRKXEL BUILDINO, Cor. WALL
Foreign Exchange, Stacks and Bonds^
Minturn A Co.
_ _
and BROAD STREETS,
A. 1-. HOPKINS, Esq., Vice-President Wabash
68 Vr*U street. New York.
St. Louis & l-aciMo Uatlroad Cumpany.
BANKER8 AND STOCK BROKERS.
PATON, Esa., Messrs. Jesup, Paton & Co.
Lummis
&
J. D.
National Itank,
,
.
.
William Lummis,
Uknry Day,
Members of Noiv York Stock Exchange.
.
JOHN
W, H. DYCKMAN,
Secy.,
39 Wall
St.
,
Special attention paid to orders at the New York
Stock Eichanfie and Heir York Minioji Board.
THE CHRONKLE.
&
Morgan
N*.
M
&
Drexel, Harjes
Co.,
South Taiao
St.
81 BoaleTftrd
&
Co
HaaMmum
DOMESTIC AND PORfflGN BANKERS.
Securltlet, Gold,
Interest alloved
OD DepOBits. Foreign KxchaniEe. Commercial Credits.
Circular Lettera tor Trayelert,
0«ble Tran»ferB.
ftTatiable In all parts of the world.
DepoilU received lubject to Draft.
Ac, Sought and Bold on CommiBf lOQ.
ATTOK-yxTa AMD AeKNTt OP
ic CO.,
Measra. J. S.
No. »3 OLD BROAD ST.. LONDON.
niVNROE
Brothers
No. 59
UrALL
&
ST., N.
0l>3I7LAI NOTZS
J.
And
In Franca, In
this
SJERLIlfO.
Martinique and Guadaloupe.
G. C. Ward,
ic
COIHPANT,
S3 W.'^LL STREET. NEW YORK.
28 STATE STRKKT, BOSTON.
BOSTON, MASS.,
Sts., New York.
B.4.\KERS.
and Nassau
FOREIGN
The Nevada Bank
OP
SAN FRANCISCO.
York Agency, 62 Vl'ail
INVESTED IN U.
$4,000,000 GOLD.
SURPLUS,
St.
BONDS,
S.
able In any part of the world. Draws Bxchantfe,
Foreign and inland, and makes Transfers of Money
by TeleKraph and Cat)le.
Authorized Capltar,
Paid up and Reserve,
¥«,ooo,ouu.
1,700.000.
Transact a general banklnff business. Issue Commercial credits and Bills of Exchange, available in
all parts of the world. Collections and orders for
Bonds, Stocks, etc., executed upon the most favor.
O. F.
Nos. 69
«1
NEW
YORK.
JO
all
principal cities of Europe.
SPECIAL PAIJTIIER,
DEUTSCHE BANK. Berlin,
Blake Brothers
& Co
OFFICE,
WALL STREET.
Issne commercial credits, make advances on ship.
menta of staple merchandise, and transact othe*
business of a financial character In connection wltb
be trade with the Dutch East Indies.
BLAKE BROTHEKS
dc CO.,
AOKNTS Fun North America
lU
STREET, NEW YORK,
WALL
m STATE STKEET. BOSTON
'
18
Handel-Maatschappij,
The Netherland Trading Society
OF HOLLAND,
ESTABLISED
1824.
Execute orders for the purchase or sale of Merchan*
dise, Bonds, Stocks, and other securities, In the
United States, Europe and the East ; make Collections
buy and sell Foreign Exchange, and give advances
upon Merchandise for Export.
OLlVKli S. CARTER, 1 Agents
STANTON BLAEE.
HENRY
5
Buy and sell
Sterling Exchange, Francs and Cable
Transfers grant Commercial and Travelers' Credits
available In any part of the world issue drafts on
and make collections in Cbicago and throughout
the Dominion of Canada.
Saw
;
TOEK. January
Office,
;
London
Office,
Qrant commercial and travelers' credits, negotlcte
loans, make advances on merchandise, and tranaaot a general flnanclal commission business,
0OKRSSPONDEI7TS
Ba n k
OF
British
North America,
No. Sa
WALL STREET.
Bay and sell Sterling Ex<Aange and Cable TransIssue demand drafts on Scotland and Ireland,
fers.
on Canada, British Columbia, Portland, Oregon,
Ban Eranolsco and Chicago.
BUI* collected and other banking business transD, A. MOTAVISH. ) Airant..
acted.
also
CO.,
No. 9 Blrcbln Lane.
AGENCY OF THE
,
>
BOSTON.
Samarang
E.
for
\
HAWLEY',
)
America
1, 1879.
142 Pearl Street
Hong Kong &
New
Yoric.
Shanghai
BANKING CORPORATION.
PARTNERS
BLAKE BROTHERS &, CO., Boston and New York
XHIL HE1NEMANN,)
London,
F. BARRON BLAKE,)
NBW YOKK AND
AMSTERDAM.
($14,400,000, Gold.);
Walter Watson, \ Agents.
A„p„t,
LONDON, ENOI.AND.
SLAKE BKOTHEBS &
IN
Batavia, Soerabayaand
Correspondents In Padang.
Presideut.
Alix'bLang,
Halce Telegraphic Money Transfers.
Bills of Exchange and Issue Letters oi Credit
ii,
Paid-up Capital, 36,000,000 Fiorina,
8MITHER6, General Manager.
BANKERS,
Draw
Agencies
0,000,000, Gold,
&.
1863,
($4,800,000 Gold.)
HE VD OFFICE
«l'2.ltO<>,000, Gold.
NEW YORK
Place,
Established in
Nederlandsche
Bank of Montreal.
Lichtenstein,
Excbange
Nederlandsch Indische
Handelsbank,
AnSTEKDAni, HOLLAND.
Canadian Banks.
GEORGE STEPHEN,
Bankers.
Forci;;n
FREDK F. LOW,
( ManHoor.
IGN ATX STKINHART. "amwers.
LILIENTHAL, Cashier.
CAPITAL,
SURPLUS,
I
|
i
P. N.
,
St., cor.
:
BOSA.N'QL-ET. SALT * CO., BANK OF MONTUEAL.
73 Lombard Street.
5U Wall Street.
Promptest attention paid to collections payable In
any part of Canada.
Approved Canadian business paper, payable In
gold or < urrency, discounted at tne Head Office on
reasonable terms, and proceeds remitted to any
part of the United States by draft on New York.
ableterms.
Knoblauch
39 William
St.
Pald-Vp Capital, 12,000,000 Guilder*
LONDON, Headom>e, 3 Angel Conn.
SAN FRANCISCO Office. 422 Californis St.
JiKW YORK Agents, J. ,t W. Seiieman * Co.
BOSTON Correspond'ts, Massacliugetts N. B'k.
COHMERCIAL AND TBATELERS' CREDITS.
&
Cashier.
California Banks.
^—^^—.»-^«.»^»^.^
AKD
BARING BROTHERS dt CO., London.
PERIER FRERE8 Jt CO., Faria.
MENDELSSOHN <& CO.. Berlin.
WILKIB,
D. R.
OFFICE, TOKONTO.
BR^N^C'HES:
CABLE TRANSFERS, BILLS OF EXCHANGE
CORRESPONDENTS
i
Catharines, Port Colborne. St. Thomas, IngersoU,
Welland, Fergus, Woodstock, Winnipeg, Man.
Dealers In American Currency & Sterling Exchange.
Agents In London
Agents In New York:
.»^—
(LIMITED).
Co.,
JR.,
,ABLB TRAN6FKK8 AND LETTERS OF CRKDIT
Anglo-Californian Bank
Wan
HOWLAND. Pres't;
HEAD
S9 E.YCJIANU-K PLACK,
CUKNBB BROAD STKBKT. SHW YUKK.
&
S.
lUO.
TUB
Payable In an; pur (vf Rorone. Asia, Africa, Aoatrali*
a d America.
Draw BtllB of Kzi:-aange and maKe leleffrapbtc trans.
fert of money on Europe and California.
AmdU
•*«»'»
»
HARRIS
Capital, $1,000,000,
H.
EDINBURO, AND BRANCHES;
B.
Imperial Bank of Canada
GEORGE
Issue Lettem of CreJIt for Travelers,
HAGUE
H<ENRY
BANKERS,
Cor.
The New York AKency buys and sells Sterling Exchange, Cable Transfers, issues Credits available in
parts of the world, mukes collections In Canada
and elsewhere, and Issues Drafts payable at any of
the offices of the bank in Canada. Demand DradCts
Issued payable in Scotland and Ireland, and every
description of foreign banking business undertaken-
JOHN
L. BRANDEIt, Agent.
ISSUES Commercial and Travelers' Credits, avail-
& W. SeligmanSc Co.,
J.
Kidder, Peabody
ESQ.
OFFICE, IHONTREAL.
QEORQE HAGUE. General Manager.
WM. J. INGRAM, Asst. General ManagerBANEERS:
LONDON. ENO.— The Clydesdale Banking Comp'y.
NEW YORK-The Bank of New York. N. B. A.
NATIONAL BANK OF SCOTLAND,
New
xexNTS ros
BARING RROTHERS
& SniTH'S,
BELFAST, IRELAND
AMD OS THa
and other countrlea, through London
and ParlB.
&
PAVNE
HEAD
all
ULSTER BANKINS COinPANY,
THE WORLD.
Collections of Drafts drawn abroad on all
polnU In the United States and Canada, and
of Drafts drawn In the United States
on Foreign Countries.
G.
Co.,
JOUN HAMILTON.
Vice-President, JOHN MCLENNAN,
President, the Hon.
MANCHESTER, PAYABLE Dl LONDON
Make
S.
&
STREET.
33
EXCHANGE
OF
ON
BILLS
;
TRANSFERS
UAKE TELEGRAPHIC
OF noNEir
Between
Stuart
85,500,000 Paid Up»
Capitel,
;"
Issne Commercial and Travelers' Credits
Oir
J.
SiniTH,
ONORBAT BRITAIN AND IRELAND, FBANCK,
QBRMANY, BELGIUM AND HOLLAND.
Iir
&
kSO CnoITS roB TSATXI.XBS,
OF
CANADA.
BANKERS, LONDON
Co., !HANCH£8TKR
tc COUNTY
BANK, New York Agency, 48 Ex chanee-place.
V.,
" LIMITED
OF F.XCnANOE
AVAILABLE IN ANY PART
PARIS.
NASS.III
BUY AXD SELL
BIL.L.S
CO.,
tTERLINa CHEQUES AND BILLS AT SIXTY
DAYS' SIGHT ON
ALEXANDERS dc CO., LONDON.
moun^N
Brown
tc
Merchants' Bank
Co.,
No. 8 irall Street, New York,
No. 4 Poet Office Square, Boaton.
CHEQUES AND CABLE TRANSFERS ON
Pari*.
Ptalladelpkla.
&
Munroe
Co., John
WALI. 8TREBT,
CORKER OF BROAD, NEW YORK.
Drexel
Canadian Banks.
Forelxn Exchange.
Foreign Exchangre.
Drexel,
[Vol. XXXII.
CAPITAL (paid-up)
t5.000.000
1,800,000
RESERVE FUND
HEAD
OFFICE,
BONO KONG,
The Corporation grant Drafts, issue Letters of
Credit for use of Travelers, and negotiate or collect.
Bills payable at Bombay, Calcutta, Singapore, Saigon
Manila, Hong Kong, Foochow, Amoy, Nlngpo.
Shanghai, Hankow, Yokohama, Hlogo, San Francisco and London.
A. m.
TOWNSEND, Aecnt,
69 Wall
St.
Adolph Boissevain & Co.
BANKERS
A2(t>
COiamiSSION mERCHANl s,
AMSTERDAM, HOLLAND.
N, T. Corr«i|>ondenu<-Ueur>.
BLAKS BROS. * CO
IfUBOH
THE CHRONICLE.
12, 1881.]
Hi
FinaMCial.
Baltimore Banker*.
Boston Banker*.
W. 8. WHITKLET
BITB H. WHITELET.
JR.
Geo.Wiii.Ballou&Co W.S.Whiteley,Jr.&Co.
BANKERS,
BROKERS,
»» Devonalilre
urall Street,
AND DEALERS
St.,
14
KXCHANGB,
Corner Souih nud aerman Streets,
BALTinoRB, no.
DCP0SIT8 Bbckitid and int«b«st Allowid.
Correspondence
Cboice HA1I.ROAD and BIWNICIPAli
SBCVKITIES For Sale.
&
Chas. A. Sweet
Co.,
Broadway.
TH08. P.MILLEB, R. D. WILLIAMS. JN0.7.MILLEB
CHAB. B. MILLER.
&
Co.,
of Liverpool, LiTerpool.
Stackpole,
&
tVILMINtiSTON, N. C.
made on
O'lUectlons
Co.,
Albert E. Hachfield,
NASSAU STREET,
17
all
Campbell
BANKERS,
Bond.
A. K. Walkxb, Cashier
National Bank,
First
DEVONSHIRE STREET
BO STOX
Brewster, Basset
El>WAKl> Stauk. (ieneral Agsot.
Directors— Ocorire T. Hoi>e. a. b. Hull, G.O.
Wllllums. W.O. Low. A.S. Ilarnus, II. A. HurUaA,
Geo. S. Coo. J. S.T, HtrunahHn.Charies Dennis, Wnu
M. Bicbards, II. B. Clallln, John 1). Malrs, Lyman W.
Briggs, S. B. Chittenden.
D«als In Inveatment SeenrlUea an4
B. B. Bbrbcss, Pres't.
BANKERS,
Mo. 68
Wm. H. HicnARDS. President.
Lyman W. Bkhioh. Vice-President.
John M. Ciiane. Kecretary.
;
:
&
Parker
YORK,
of trust.
Full Information can be obtained at the offlo., 199
Southern Banker*.
nOPILE, ALABAniA.
GOVKRNMRNT 8ECCBITIK8
NEW
The only company In the United States (tnarant...
>ng the fldellty of persons holdlns positions of
pecuniary trust and responsibility, tAOa 8«mrlnff .
In Ilea oi a paraonia
bond where security la required for the faithful performance of the duties of saployeea In all positions
Bpedal attention paid tu collections, w<th prompt
reoilttKnces at current rates of ezohanse on day ox
payment.
« ,_ »,
Correspondents.—German-Amenean Bank, New
York Louisiana National Bank, New Orleans Bank
-eute, Cltj, County and Railroad Bonds.
CA8VAETY CO.
St
OF
COBPUUATE GUARANTEE
Information on
full
BANKEBS,
STATB STKBET, BOSTON.
DKA1.EBS IN
and
Thos. P. Miller
BANKKIW
40
Invltt-d
floanclul subjects turn inhcd.
QIO. H. HOLT.
WM. Balloc.
ARE ISSUED BY THI
FIDELITY
AND BONDS.
IN KOUEIUN
BOSTON.
NKW YORK.
OIO.
STOCKS, NOTES
FIDELITY GUARANTEE BONDS
& Schoolcraft,
S
Indianapolis k St. Louis Ists.
Columtiu.t.t Tolcilu Ists.
&
Juliet
puts of the ncltod States
Generalljr.
IVANTED
.Nortliern Ists.
A Nebraska Bonds.
Joseph & Western Bunds.
Clnelnnatl Hamilton & I>a>ton Bonds.
Kansas
St.
FOR SALE
New York A Greenwood Lake
I
Bonds.
Manhattan Beach Stock.
STOCK BROKERS,
John 8. Kennedy.
J. Kennedy Tod.
No. 1104 MAIN STREET,
S.
Co.,
J.
BO^TOK.
RICHinOND, VA.
Bankers and Merchants,
MEMBERS OF THE NEW YORK AND BOSTON SOUTHERN SECVRITIE8 A SPECIALTY.
No. 63 WILLIAM STREET,
STOCK EXCHANGES.
New Ifork.
CO.,
ALSO,
&
MAURY
R. H.
OONORESS STREET,
No. 35
Sealers
In'
Mnnlcipal, 8tate, Railroad and
United 8tatca Bonds.
Tower, Giddings
&
Co.,
BANKERS,
DEVONSniKE STREET,
No. 83
Buy and sell Government, State, Municipal and
Ballroad Bonds an* Stocks.Ac. Virginia StateTaxReceivable Coupons buught and sold. All orders
promptly attended to
_.«™,.„ -.r™ .. r,^
New Vork Correspondent, TBRMILYB & CO.
Jos. M.
St.,
PHII.ADELPHIA.
AIJGVSTA, GEORGIA.
Buy and sell all kinds of Investment Securities
outright or on commission. Information furnished.
Orders and correspondence
solicited.
Wm. C. Courtney, Pros. Ernest H. PRixGLE.Cash
BAIVK OF CHARLESTON,
GK>vernraent, State, Municipal and Ilallwar Bonds
tind sold at all the Exchanges.
Investments prudently made in sound railway securities. Collections promptly attended to.
Correspondeiiis caret'ully represented at Auctions
and Private Sales. Bonds of liood but not wellknown railroads alwuys wanted for investments at
tbe best rates. Orders on martcins not entertained.
National Bankino Association,
and Stocks bought
CHARLESTON,
Lowndes.
First-class
874.
Robert Garrett
&
Sons,
&
Co.,
BANKERS ANi> ABOKBBS,
86
and VIRGINIA
SECURITIES
«
IpeeUltT.
OorrespoDdence
lOUclted
and
Intoncatlon Inr.
klaked.
>. 1. CouBsroiTDsim—McElm Brottaen
* Co.
mo.
&
Co.,
SIXTH AVE., WEST OF KAN. AVE.,
U. V.
FexzeL,
President.
i
STATE BANK,
{Incorporated
and
paid on
)
ltf}5. )
WlLKU
C. T.
Cashier.
ROCK, ARK.
sdrplob
Frompt attentlen given
Interest
DEPOSITS, subject to check.
SHELDON COLLINS.
•
THOMAS
FRANK JENKINS-
H. BOUDEN.
Dominion of Canada.
In
a position to furnish Investors with choice In-
vestment
securities,
from SIX to
per annum.
carefully selected, yielding
SEVEN AND A-HALF PER CENT
Special attention given to business
from the United
States.
Correspondence solicited.
Tbe Financial Aasoclatlon ot Oatarlo,
LONDON, CANADA.
EDWARD LE RUEY, Managing Director.
C. chew.
No. 7
J.
WALL STREET, NEW TOBK.
TEXAS RAILWAYS,
German Bank,
I.ITTI.E
CAPITAL (PAO-m)
BALTinaORE.
BfYESTMSNT
LiOUIS,
TOPEKA, KANSAS.
TRANSACT A GBNEIIAL DOMESTIC AND FOREIGN BANKING BUSINESS.
Wilson, Colston
Co.,
Loans negotiated. Collections made. Taxes paid.
Municipal Securities bought and sold.
BALTimORE.
NEW YORK
OPEN
COM.MKKCIAL PAPER negotiated.
REAL ESTATE AND INSURANCE,
BANKERS,
SOUTH STREET,
No. T
&
St.
H. R. Prather
BALTimORE
- r^ew^ORK?
THE FINANCIAL ASSOCIATION OF ONTARIO
Western Investment Securities for
GERMAN STREET,
Box
§t.
classes of .Securities dealt In at the
STOCK EX( HANGB. or all reputable Securities
MARKET. LOANS
bought and sold In the
Is
Louis City and States of Missouri. Kansas,
Texas, Arkansas and Colorado Bonds a specialty.
Full information given in reference to same on aplicatlon. Coupons and dividends collected.
sale.
Epn^INS.
Purchase and sell on Commission GOVERNMENT
and RAILROAD BONDS and STOCKS, and aO
Bankers.
OLITE STREET, ST.
3A5
Brown & Lowndes,
BANKERS AND BROKERS,
25 f me
Special attention qiven to Collections.
W^estcrii
y
MISCBI..
8. C.
P. F. Keleker
Baltimore Bankers.
P. O.
Foote,
WALL 8TRBBT,
-snnKERS-
HARRIS & RHIND,
STOCK AND BOND BROKERS,
No. 30r Walnut Place, PlIII^ADELPniA.
19
No. 13
gLLij^s,pouDE)^
respondence solicited.
A. P. Turner & Co.,
BANKERS,
No.
BANKERS,
&.
Information on all elusses of Southern Secnrltles,
Corespecially State Bonds. Tax Coupons, &c.
issues of United States Bonds.
InTestment Securities a specialty. Correspondence
invited and full Information upon financial subjects
furn ished.
C. D.
&
Hatch
;
BUT AND SELL
all
j.WiLLCox Brown.
Equipment of Railroads undertaken.
CO.,
GOVERNMENT BONDS. STOCKS AND
LANBOUS 8ECUBITIKS.
BANKERS AND COMMISSION MERCHANTS,
RICHMOND, VIRGINIA,
BANKERS AND STOCK BROKERS,
Dealers in
made onVu Southern points on best
p BRANCH, President.
B. MORTON, Cash. Kked. B. SCOTT, Vlce-Pres't.
prompt returns.
.pop
jy^.^
THOMAS BRAIKCH
Shoemaker.
Thomas & Shoemaker,
134 South Third
Collect Codpons and DiriDENDs
NKGOTLATE LOANS AND DRAW BILLS OF
EXCHANGE ON LONDON
AH bustness relating to the Constmctton and
Collections
terms
J.
Pblladciplila Bankers.
TB0HA8.
BUY AND SELL
RAILROAD INTESTMENT SEOVRITISB I
RICHMOND, VIRGINIA.
Orders for Stockslexecuted InBoston.'NenHork'
C.
STOCK BROKERS.
RICHMOND, VIRGINIA,
MERCHANTS' NATIONAL BANK,
BOSTON.
«nd other markets.
OlO.
&
Kennedy
$Tfi,000.
a£,eoo.
to all business fn our line.
N. Y. CoBmv«T^in>iirrs, Donnell. Lavaon
tbe iletropolltan Natlonal.Bsnk,
* Co.ud
BONDS, LANDS, &C.
Desirable Texas Securities for Investment oon;
stantly on hand
_
FOB CHOICB
6 Per Cent Mortgages,
ADDRESS
FRAKCIS SMITH,
Successor to
SMITH & HANNAJM^.
Indlanapolla, Ind«
THE CHRONKJLE.
If
OFFICE OF THE BUBUQUE & SIOUX
CITY RAILROAD COMPANY, No. 62 WILLIAM
1881.-NOTICE.BI^BEIT, NEW YOBK, March 9,
ADlvldend of TWO AND A HALP(«H) PBK CENT
hu this day been declared on the stock of this company, payable on the I5th day of April next at the
olBoe of Messrs. Jesup, Paton & Co., No. 52 William
Street, New York, to stockholders of record of 31st
on which day the transfer books will be
closed, and reopened on the 16th day of April next.
Instant,
J. B.
DUMONT,
Treasurer.
PENNSYLVANIA RAILROAD COMPANY
TKEASUREU'8 DEPARTMENT,
Philadelphia, March
Notice
Is
3,
1881.
hereby given to the holders of the
PHILADELPHIA & ERIE RAILROAD COMPANY'S FIRST MORTGAGE DOLLAR BONDS,
maturing March 31st, 18SI, that the said bonds will
be paid at the office of this Company on that date,
after which time Interest on same will cease.
To avoid deliiy In making settlements, holders
are requested to present their bonds to the undersigned a sufBoient time before maturity for examination, for which receipts will be given.
The Philadelphia It Erie Railroad Company's
First Mortgage Sterling Bonds and Coupons, will
be paid on the Slat Inst., at the London Joint Stock
Bank, London, Enitland.
JOHN
D.
TAYLOR,
Treasurer.
ALTON & TERRE HAUTE
ST. LOUIS COMPANY,
BO WALL STIIEET, NEW
RAILROAD
YOBK, February
Common
12.
Stock of
1881.— To the Holders of the
the ST. LOUIS ALTON &
TBRRG HAUTE RAILROAD COMPANY
A meeting of the common stock holders
:
of the
St. Louis Alton & Terre Haute Railroad Company
(as appearing of record upon the transfer book of
the Company on February 14, 1881) will be held at
the ofiBce of the Company, No. 104 North Fourth
Street, St. Louis, Mo., on Thursday, March 17, ItSl,
to vote upon the proposed adjustment of arrears of
dividends on the preferred stock. Polls will re-
main open from
Financial.
Financial.
Financial.
Stolen Bonds.
HEREBY
GIVEN that the underIS
mentioned Securities were, with certain Share Certifloates and other properly, stolen from adwolllDK
house in Kennlngton Park Road, on the night of
the loth or morning of the 16th of February Inst.:
CHILIAN £5 per cent Loan of 1375—
No. l'J»5 for £500Nos. 1988, :989, 2579 and 8002 for £100 each.
CHILIAN £5 per cent Loan of 187S—
Nos. 5291), 5300 and 4»17 for £liX) each.
NOTICE
£7 per cent Loan of 1873.
Nos. 699 and 1434 for £500 each.
Nos. 557. 1551, S18(, 323!) and 5894 for £100 each.
JAPAN KSK
EGYPTIAN PRBFBHKNC^B STOCK—
Nos. 298458 and 298469 for £20 each.
EGYPTIAN UNIFIED STOOK-
N03, 0179236. 0179237 and 0179238 for £20 each.
PHILADELPHIA & READING RAILWAY GENERAL CrNSOLIDATKI) MORTtiAGKBONUS3UB for £200 each.
Nos. 387, 388, 1569 and
PHILADELPHIA
MORTGAGE LOAN—
No. 10132 for £20U,
Stock brokers, money changers, and dealers In
Securities of thrs nature are hereby warned not to
receive any of the above-mentioned bonds.
A Reward of £50 will be paid by the undersigned
to such persons as may give Information leading to
the recovery of the stolen property, and conviction
of the thief or thieves.
CHESTER &
THE UNION PACIFIC RR. COMPANY OMAHA BRIDGE BONDS.
In accordance with the provisions of the above
bonds, we, the undersigned, hereby give notice that
the following numbers— viz.:
2094
2497
69
S7S
63
660
11
141
1018
395
950
1032
1468
845
2390
129S
1005
1417
1595
244
2
1728
366
2114
606
1257
743
1836
307
452
878 2498
'2013
1592
763
2203
142
1583
1654
1571
693
737
1587
1269
1766
850
1476
612
1994
1394
310
365 2062
1047
1782
2392
68
1791
1762
162
184
856
383
1889
2i6»
569
421
2236
638
1392
667
676
were this day designated by lot In our presence to
be redeemed, together with the premium thereon,
as provided In ^aid bonds, at the London & San
Francisco Bank, Limited. No. 22 Old Broad Street,
London, B. C, England, or at the office of Drexel,
MorgHH & Co., in the Cltr oTNew York, on the first
day of April. 1881.
__
New York, November 90. 1880.
,
J PIKRPONT MORGAN, (Trustee.
iniJJtees.
j
KLISH A ATKINS,
President.
rvFFICE OF CHICAGO ST. PAUL MINNEAPOHS & OMAHA RAILWAY COMPANY,
Ko. 52 Bboadway, New York, Maroh 10, 1881.—
BITIDEND of ONE AND THREE-QUARTHRS
PER CENT {1H) has this day been declared upon
Attest
P. FABBRI,
of Drexel, Morgan
k
Co.
DAVID W. PRICE,
Notary Public (74),
New York County.
[L. 8.]
JAY COOKE &
BOUGHT BY
G. T.
the preferred capital stock of this company, payable
BONNER
20
& CO.,
BROAD STREET, NEW YORK.
April 20, 1881, to stockholders of record Maroh SO
Kountze Brothers,
instant.
Transfer books close March 30 and re-open April
R. P. FLOWER, Treasurer.
BANKERS,
84, 1881.
WSSTERN
XKLEORAPH
IJNIOV
COMPANY. New York. March
DIVIDEND No. 65.
have declared a qnarterlr
dividend of One and One-Half Per Cent upon
the capital stock of this company, from the net revenues of the three months ending March Slst inst.,
payable at the office of the Treasurer, on and after
tho 15th day of April next, to sharvholders of
record on the 26th of March instant.
At the same time One and One-Half Per Cent interest will be paid to the holders of such Cerrjfl-
The Board
OFFICE OF THE ONTAKIO SILVER
MINING
5,
CO., 18
WALL
STREET,
New YORK,
1881.
DIVIDEND
No.
65.
The Regular Monthly Dividend
of Fifty Cents per
share has been declared for February, payable at
transfer
agents.
Wells,
Fargo & Co.,
the ofiBce of the
No. 65 Broadway, on the 15th Inst.
Transfer books closed on the 10th Inst.
11. B. PAHSONS, Assistant Secretary.
LETTERS OF CREDIT
AND
CIRCULAR NOTES
Issued for the use of traveler^ in
all parts of the world.
drawn on the Union Bank of London
Telegraphic transfers made to London and to
various places in the United States,
Deposits received subject to check at sight, and Interest allowed on balances.
Government and other bonds and Investment seBills
MINING
CO., No. 18
Chicago & Canada Southern Bonds.
Atchison Colorado & Pucilic RR. Bonds.
Mobile & Grand Trunk Railroad Bonds.
St. Joseph & Western Kuilroad Securities.
South & North Alabama Railroad Stock.
Brooklyn Elevated Railroad Bonds and Stock.
South (Jarolina Railroad Securities.
Midland Railroad of New Jersey Bonds and Stock
County, Citv and Town Bonds jOf Western Slates.
Grand RapLfs & Indiana Railroad Securities.
Milwaukee & Northern Railroad Bonds.
Atlantic & Pacific Kaiiro id 1st Mortgage Bonds.
Wi>I.
4.
The monthly dividend
W. IIARTER, ATTOll.NEY, Canton.
HENRYconducts
classes of cases against indivO'llo,
all
iduals, lailroads and other corporations in both Stute
to C.Aultman, Canton, o.;
Isaac Harter A Sons, Canton. O.; Kountze Bros.,
New York; bix-Chief Justice Agncw, Beaver, Pa.
and U.S. Courts. Refers
Street, N. Y.
All volumes from Ju'y
the
1,
1873, to Jan. 1, 1879,
Office.
79
&
81
of
Apply at Publication
William Street.
FARMS.
FOR SALE-COTTON NORTHWEST-
FERTILE, IMPROVED
BUN
i
.SOUI'H
AUBREY
ANDS
IN
CAROLINA.
did twt say there were judgments against*
to the araoimt of a quarter of a million dollars. Your denial Is therefore disingenuous.
I did say, " Its other debts, many being
in the form of judgments, are estimated
to amount to considerably over a quarter of a
mlUlon of dollars," and I will give yon sufUcieut
data for that assertion.
The Southern Maryland RR. Co. owes the
State of Maryland $163,000 and interest from
1873, for amount of money paid to said company by the State under false representations,
and the Attorney-General of the State filed this
claim as a debt due to the State, as will appear
by the proceedings in the suit for the appointment of a Receiver brought by tho
creditors of said road in Prince George's
County; this with interest amounts now to
There were other claims
about $240,000.
represented by counsel which amounted to
$175,000. There is also a judgment in the
Superior Court of Baltimore City in favor of
Starr & Ridcnour, amounting to about $8,000.
There are also other debts owing by your company to parties in the various couutios whicli
your alleged proposed railroad traverses.
I enclose an extract from a letier from Hon.
Geo. D. Mudd, ex-State Senator from Charles
^
and adjoining
it
in his
own
counties.
your attention to the report
of the investigating committee of the Geuoral
Assembly of Maryland of the session of 1876,
I also
beg to
call
contained in the Journal of the Senate. Referring to the reports filed therein, you will see
that, according co the testimony of Mr. Smoot,
the President of the Southern Maryland Railroad Company, that " in addition to an Indebt" edness in bills payable of over $75,000, and
"numerous other claimants not so secured,
" bonds of the company to the amount of
" $2,'.!CO,000 have been issued and a large
" amount has been floated;" and, further, that
the investigating committee recommended
" that the Attorney-General of the Stale take
' legal proceedings as may be nt-eessary to
" secure the proper application of the money
"subscribed to the stock of said company and
" the interest of the Staie in said company."
And a minority report filed therein even recommended "that the testimony and papers in
" the case be referred to the Grand Jury of the
"Crimiual Court of Baltimore City." These
same record.s conf; i many pages of instructive reading of simil. tenor.
And, further, there ;ire two mortgages to the
Central Trust Company of New York on record,
dated January 1, 1S81, one for $1,1)00.000, tho
other for $500,000. Now, then, with these two
mortgages and the $2,200,000 of bonds referred
to in yourl'onner President's testimony, and the
will bt the indebtedness per mile of your proposed road t
Nearly every Congress for the past thirteen
years, including the last, has refused your application to enter tho City of Washiugton or
even the District of Colmubia.
I do not care hero to indulge Is personalities,
but to refer you to facts, all susceptible of proof,
and matters of record accessible to the public.
Respecttuily,
S. T.
SUIT.
[Extract of letter of Hon. Geo. D. Mudd, exState Senator of Maryland.]
Dear Sir.—The name of the Southern Mary-
contractors of the company, and
COMMERCTAL AND FINANCIAL CHBOXIOLK
arc wanted at a fair price.
i
ly admit.
land Railroad Co. in this section is synonymous
Our people have
with fraud and lascaUty.
been robbed and cheated by the officers and
Chronicle Volumes
TF A K T E »
WALL STREET, NEW YORK,
of Twenty-Five Cents per
share haa bern 'lecUired for February, payable at
<)f
tb'j
Ti-ansfer
Agents,
WelLs. Fargo & Co.'
the officn
65" Broadway, on tho 21sl Inst.
Transfer books
oloseloo the 16Lh Inet,
H. B. PARSONS, Secretary.
BOUiiHT BY
R. UTLEY, No. 31 Pine
1881,
other amounts owing by your company, what
OF ST. JOSEPH, Mo., BONDS.
CITY
Wisconsin Ceiitritl itailroad Land Grant Bonds.
1861.
DIVIDEND No
bought and sold on commission.
curities
OFFICE OF THE DEADWOOD-TBHRA
March 9,
YORK.
N E \r
01 Directors
cates of Indebtedness of this Company as may bo
outstanding at the close of the transfer books on
the 26th of March instant.
The tyransfer books will be closed at thr«e o'clock
on the aft«rnoon of the 26th of March inst., and
opened ontfie morning of the 16th of April next.
R. H. BOOHB8TER, Treasurer.
March
130 Broadway (Equitable BnUdlog'f
10, 1881.
4,
H. Linvlllc, Esq., President Southern Mary'
land RR. Co., rhiladelphia. Pa.:
Silt.— I observe that a letter bearing your signature, dated Philadelphia, Maroli 1, to Messrs.
A. W. Dimook & Co., of New York, charges tliat
certain statemeuts made by me in a letter to
said Ann, dated Wasliington Fob. 25, are untrue.
I now reiterate the fact that a judgment of
$30,000 against the Southern Maryland RR.
Is lield by the company Of which I am President,
as will appear by an examination of the records
of St. Mary's County Court, No. 35 Trials Sept.
Term, 1878, a certifled copy of wliioli I herewith transmit to you.
I also stated that we held the obligations of
the Southern Maryland RR. Co. in notes to a
large amount. This allegation you substantial
J".
County, as to his knowledge of
ASSET SCRIP
CO.
.
WASHINGTON, D. C, MavcU
you
Soliciiors.
18th February, 1881.
RR.
Southern Maryland
AOA1N
I
CO.,
11 Staple Inn, London,
EGISTO
12 to 2 o'clock.
W. BAYARD CUTTING,
GENERAL
READING
&
XXXI
[Vol.
BENNETT ifc CO.,
Apply to
Commission Merchants, 103 Water St., New York.
tcan give you
ample iiroof thereof.
As Chairman of the C<nnmittee of the Senate
of Maryland, which investigated the affairs of
company in connection with its obtaining
$163,000 from the Slate by fraud, the evidence
this
sliowed conclusivelv to my mind the fraudulent
manner in which the money referred to was
obtained, and the papers ought to have been
sent to the proper Grand Jury and tho
swindlers properly punished.
,
,
The matter will ag.ain be brought before the
next Legislature for further action in tlie
GEO. D. MUDD.
premises.
.
.
xmm
HUNTS MERCHANTS' MAGAZINB»
$.'^-:
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATK3.
[Entered, according to act of Congress, tn the year 1881, by
VOL.
Wm.
B.
Dana
CONTENTS,
in
273 Production, and Exports and
Imports of Gold and Silver. 278
274
FrccCaniilR
Commercial
Monetary and
The Transvaal Difficulty— The
English News
278
275
Truce
Commoroial and Miscellaneous
Kallrottd EaniiUKS In Febru280
News
ary, and from January 1 to
276
March 1
Tlie Financial Situation
THE BANKERS' GAZETTE.
8.
Securt-
|
Railway Stocks, Foreign
Exchange, Now York City
281
Banks,etc
tics,
I
(
I
—
Quotations of Stocks and Bonds 283
New York Local Securities
284
Investments, and State, City
and Corporation trances. .. 285
THE COMMERCIAL
TIMES.
rough traveling over a road paved and hedged
So the Street has
all the week long, of rumors with regard to the
been
full,
inflation tendencies of the
of the oceans of
new Secretary
I
enjoy; and especially of the
Thb Commbrcial and Financial
Chbo»ioi,r i* Usued every Saturday morning, with the latest news up to midnight of PHday.
[Batered at the Post Office at New York, N. Y., as second-class
to let
A
out again.
for
search of Mr. "Windom's record,
n(3t
ADVANCEi
$10
20.
6 10.
£2
78.
1 8s.
Subscriptions will be continued nntil ordered stopped by a writUn
order, or at the publication office. The Publishers cannot be responsible
for Kemittances unless made by Drafts or Post-OIBoe Money Orders.
AdTcrllsementB.
Transient advertisements are publishud at 25 cents per line for each
insertion, but whou dettuite orders are given for five, or more, insertions,
a liberal discount is made. Special Notices In Banking and Financial
column 60 cents per line, each insertion.
Offices.
The office of the Chkosiolb in Loudou is at No. 74 Old Broad St reet
and in Liverpool, at No. 5 Brown's Buiidinsta. where subscriptions and
advertlsomcutri will be taken at the regular rates, and single copies of
the paper supplied at Is. each.
WILLIAM B. I>AMA, )
WUiLIAM B. DANA & 00., FnbHshers,
79 it 81 William Street,
JOHN O. FLOYD, JB. 1
YORK.
Post Oi'FICB Box 4592.
NEW
J^" A neat tile cover is furnished at 50 cents iwstage on the same Is
Ivccnts. Volumes bound for subscribers at .$! 20. A complete set of
the COMMKRCiAL AND FINANCIAL CiiBONiOLB—July, 1865, to date
can be obtained at the office.
;
is
Consequently,
when
up, the notes " »hall
the decision
terday afternoon, denying the application,
surprise to the Street, as they
had turned for
its
had
arrival.
been
be
have
tenders
the legal
and the bonds taken
expectation before
done, the last
has become irretrievably operative;
when
reads that
it
deposited
redeemed."
mail matter.]
l^ondon Hnd Ijlverpool
to
the banks have sent to redeem their notes with, which ho
is
clause of the section
IN
For One Year (including postage)
For Six Mouths
ao
Annual subscription In London (including postage)
Six nios.
do
do
do
is
18 millions of legal-tenders
bonds, disclosed the fact that, after that
TERMS OF SUBSCRIPTrON-PAYABLE
of the Treasury;
greenbacks and silver the country
encouraged the first opinion, and a study
295
296 of the act under which the banks have taken up their
1
Cotton
820.
with 6 per cent and a commission.
however, has
290 Breadstufts
290 Dry Goods
Commercial Epitome
NO
1881.
12,
tion finds
THE OHBONICLE.
U.
In the office of the librarian of Congress, Washington, D. C.l
SATURDAY, MARCH
32.
Money Market.
Sc Co.,
At
settled
it
came
caused
down
yes]
little
that
to
the same time, thej
satisfaction, in their disappointment, to
the
clause of the Civil Service bill authorizing the Secretary
of the
" surplus revenues not
Treasury to expend his
otherwise appropriated," and to the prospect of extensive
disbursements for purchases of bonds, &c.
These sources
proved a more satisfactory reliance; for, in
the first place, at "Wednesday's offerings the Secretary
accepted the full amount of bonds called for, in 6 per cents,
at the market price; and now, in the decision of the Deof relief have
partment on this bank question,
it
is
shown that the
Treasury disbursenjents already made, and to be
THE FINANCIAL SITUA TION.
more
made
was
by the bank deposits.
The "Wall Street markets the past Week have reflected
On Thursday there was a rumor that the Secretary
faithfully the conflicting influences at work.
One (3ay would soon dispose of the unissued balance of 4 per
hope, the next day fear, have produced alternate depression cents, amounting to $104,652,200, as suggested by Secreand buoyancy, leaving the average speculator, like the tary Sherman in his last annual report, for the purpose of
land-lubber at sea, with a vivid sense of being unsettled.
obtaining funds with which to aid in the redemption of
Looking at the whole situation, however, one is not sur- the 6s this, together with his surplus revenues, estiwithin twenty days, will put out
circulation than
retired
;
prised to find, beneath the influences which daily gossip
mated for the remainder of the fiscal year by Treasury
affords, an undertone of great strength.
There would ofBcials at $37,000,000, would enable him to purchase athave been a decided reaction in prices the past week were least $150,000,000 of these bonds before they matured.
it not for this fact.
But with money offering freely, as it This rumor affected unfavorably the market for fours
is and has been, even during the present stringency, on and four-and-a-halfs, and a report that an extra session of
city real estate, nt
per cent for a term of years, stocks, Congress would be held in May had a further disturbing
,'j
permanently paying 8 per cent, are worth 150. Further- influence.
more, this plethora of loanable funds reoeivea new accesIt will thus be seen that the week has been mainly
sions from Europe every time our money market grows a conspicuous for the surmises which have been afloat as to
httle stringent.
Suppose to this, then, we add earnings on what may or may not be done by the Administration with
our railroads which give promise of even higher dividends, respect to financial matters. There is, however, not the
and one readily sees why the oft-predicted panic is not least indication on the part of the Government of an
realized.
But even though there be
intention to
this basis to values, specular
new
depart from established usages, or to
regulations
;
and
it
is
make
unreasonable to look for any
THE CHKONICLE.
274
radical change in the policy of the Treasury Department.
Mr. Windom should, as soon as convenient, announce his
[Vol.
The Treasury operations
this
XXXa,
week include payments
the bonds purchased on Wednesday.
for
There have been no
purpose with respect to the unissued four per cents, for deposits by the banks for the purpose of retiring circulaBuch a course would settle the future of the bond tion, and no other unusual movements, save a transfer of
From Saturday to
market, and it is desirable that the question of an extra $3,500,000 gold from the Mint.
session of Congress should be decided by General Garfield Thursday, inclusive, the net loss by the Treasury, deductas speedily as possible, so that the business interests of the
country
may
not have these uncertainties to disturb them.
Money has been
On Monday
quite active all the week.
tardy borrowers'paid 1-32 of one per cent commission and
interest, and on Tuesday 1-16 was demanded, but later in
the day the supply was more abundant, and since then the
ruling rate has been about 6 per cent. The banks are not
loaning freely on
some
stock operators, and
call to
of the
large speculators are borrowing at four to six months' time,
paying 6 per cent for the accommodation. There is still a
fair short
interest in the stock
market, which causes a
steady borrowing demand for the leading properties, and
thus the inquiry for money with which to carry stocks is
The condition of the money market for the
decreased.
From
ing this transfer, was $1,194,780.
I
this should
be
which
is a gain to the banks, of
loss by the
Treasury yesterday was $2,811,469.
Last week's bank
statement was probably made up on rising averages, but
this week the banks hare lost by shipments to the interior,
the movement to Chicago being comparatively large, and
Boston is still drawing on this centre. The checks for
$3,000,000 given by the Treasury in payment for bonds
purchased on "Wednesday did not go through the Clearing
House until yesterday, and these may be too late to count
in this week's statement.
The Assay Office received about
$500,000 gold on "Wednesday, and this will be settled for
to-day.
The receipts of currency by the leading banks
of this city during the week amounted to $747,000, and the
taken $169,468, the gain
making a
$1,025,312.
The net
last Friday,
loss,
next thirty days is expected to depend much on the purchase of bonds by the Secretary of the Treasury. And shipments to $1,422,000, making the net loss $675,000.
yet a very considerable supply may be looked for from The Bank of America received $2,000,000 gold during
gold importations. The Parthia arrived on "Wednesday the week from the city banks, for deposit in the vault.
$500,000 gold, yesterday the Baltic brought
$1,000,000 gold bars and the Donau $30,000 gold and
with
"Wednesday £100,000 was withdrawn from
The resolution
the Bank of England, and yesterday a further £100,000
on the
business
was withdrawn for shipment to New York. Including other
FR££ CANALS.
silver coin.
shipments, therefore,
there
are
still
about $2,000,000
The cable reports a gain of £529,000 bullion
by the Bank of England for the week, an increase of
2,825,000 francs gold and a decrease of 3,650,000 francs
silver by the Bank of France, and a loss of 320,000 marks
by the Bank of Germany. The following exhibits the
amount of bullion in each of the principal European banks
this week and at the corresponding date last year.
in transit.
March
Oold.
MarcK
10, 1881.
Silver.
Gold.
.
Bauk;of France
Bank of Germany
.
Total tUs week
Total previoug week
1880.
Silver.
£
£
Bank of England.
9,
28,640.364
28.110,783
22,336,792 43,617,030 31,442,442 50,620,434
9,371,658 19,938,932
9,736,333 19,472,667
59,819,233 68,555,962 69,825.139 70,093,101
59,182,034 63,713,962 69,734.425 69,994,101
^p"
Tlie above gold and silver division of the stock of coin of tbe
of Germany la merely popular estimate, aa the Bank itself gives
Information on that point.
Bank
from tolls the westward-bound
was passed on Tuesday by the
unexpectedly large vote of six to one. The immediate
Notwitheffect of this step will doubtless be marked.
standing Mr. Butcher's singular argument that the prosperity of canal business does not depend so much upon
low toUs as upon the European demand for our breadstuffs
as though the business would not seek the cheapest
route all the same, whether its volume be more or less
it is unquestionably true that the freeing of westward
business will permit a reduction upon eastward business.
This view of the case has already been forcibly presented,
and it is simply unanswerable.
The outlook for the
canals during the coming season is especially favorable,
and they will probably have a year of increased prosperity
which will both enhance the public appreciation of them
and justify the liberal policy of managing them.
If this action, as it is expected by its advocates to do, leads
to
free
canals,
—
to the remaining step of abolishing eastward tolls as well,
For if it does this it will do it only by
all the better.
The exchange market has been weak in the absence of demonstrating that the State can afford to improve the
demand and the pressure of commercial bills drawn canals and free them from charges on freight. It is true
against future shipments, together with bills which were that the many counties not contiguous, might show oppoheld ofE the market during the break last week. As a sition, but the fact is that their fancied sacrifice would be
This city alone pays
result, there was a sharp fall on Thursday and the tone has much more apparent than real.
The move- nearly one-half of all taxes raised in the State. Of the
since been without any marked improvement.
ment of securities is now setting this way, although it is 60 counties, 55 draw more school money from the State
not at present very large. The following shows the rela- treasury than they contribute to it in other words, the 55
The
tive prices in London and New York at the opening on counties profit at the expense of the remaining five.
no
—
each day.
five are
Mar.
7.
Mar.
8.
Mar.
9.
Mar.
10.
Mar.
11.
London N.r. Lond'n N.r. Lond'n N.r. Lond'n N.T. Lond'n N.Y.
prices.* prices. prUes.* prices. prices." prices. prices.' prices. prices.* prices.
U.S.4s,c. 113-97
C.8.5s,c. 100-63
49-35
Erie
113H 11386 ns«
lOIH 100-51 lOlH
113« 112-78 nSM 112-54
99-87
lOlH
99 99 10OJ<
im 48-49 48« 47-88
48«
lOOK 101-12 mi
HI. Cent. 134-58 133M 134-34 182M
148-02 U7Mi
N. r. C. 148-02 148
67t^
Beading 84-55t 70
33-58 f
100-41
mi
99-99
133-72
1S3M
13317
Sd con.
49«
113-25
100-65
48-69
48-8«
101-13
147-77
147
33-06+
65
mi
133
146-40 147
33 05+ 66
113H
101
Expressed
4-8S
In their
4-86
New York
4-84«
4-82«
all practically
on the Hudson. The 55 counties
money than they raised, and,
more
school
drew $696,680
the
five counties, which raised
drew
it
from
course,
of
$813,535 more than they received. Seven Senators voted
counties, as they border
i-.H
against the abolition of toUs
now
effected j'their districts
99-87
99«
132-20
19iH
145«
comprise 19 counties, 12 of which do not touch the canal;
64
those seven districts raised $306,600 school money, and received $593,921, in 1880. Judging by their proportionate
146-31
32-08+
Xzch'ge,
cables.
the
York, Kings, Westchester —
—with Dutchess and Columbia, which are canal
New
metropolis
i-SZH
equivalent.
•+ Readingon basis of ^50, pur value.
Note.— The New York eciulvalent is based upon the highest rate for
cable transfers, which ordinarily covers neafly all clwees, such as
interest, insurance and commissions.
contribution to the
school taxes, their share of general
taxation requisite to
tolls
make good
the
entire
last year's
on the canals would not exceed $125,000, while they
J
March
are
THE CHRONICLE
12, 1881.]
nearly $300,000 from the five counties
now drawing
275
successive annexation was the cause of fresh discord,
and
Considering that the counties directly almost invariably had the effect of driving the Dutch Boers
already named.
which (as may be said) are alone in- or farmers further to the north. Thus, for example, when
those
affected, and
terested in the canals,'^ would bear practically all the taxation consequent upon freeing the canals from all tolls, no
very large liberality
to consent.
in 1837 they felt dissatisfied with certain restrictions
placed
upon them by the authorities of Cape Colony, they mored
would be required of the other counties in large numbers to the north-east and formed the colony
A rival and hostile colony of white people was
of Natal.
That there has been a change in the public estimation of not to be permitted in the near neighborhood of British
the canals within the last few years is, we think, quite territory; and so the Governor of the Cape took military
A few seasons ago about the time when the possession of the district, and in 1843 Natal was proclaimed
plain.
—
1877 went into effect— the current a British colony. This led to another emigration, which
reduction
quite
a respectable number, was that resulted in the formation of the Orange River Free State.
with
least
at
feeling,
served their purpose, and might This new colony, like the other, became a source of annoycanals had
the
in
of tolls
no
decay,
as
go
to
to
allowed
compete with railroads. We hear scarcely
anything of this now. There has been a decided turn in
public opinion on the subject, and the policy of maintaining and developing the water-ways seems to be fully
be
well
as
longer
fit
to
Probably the success of the low-tolls
determined upon.
experiment, which was begun in 1877 under the unfavorable circumstances and against the opposition mentioned
in our article last week, has had not a little to do with
bringing about this change. A still more potent influence
has probably been the growing jealousy of the railroads.
There can be no combinations on the canals and lakes
competition
always
will
be
unrestricted
there.
It
is
becoming understood that developed water communication must and will bring into play a natural law of competition which will regulate charges more exactly and
infallibly, as well as more wisely, than all statutes that can
be framed. This natural law can neither be repealed, nor
evaded, nor abused.
THE TRANSVAAL DIFFICULTY— THE TRUCE.
The
which
disaster
soldiers over a
befell
has not been without
government
to
General Colley and his brave
week ago on Majela
its
fruit.
Hill, in
South Africa,
It forced the
English
and shared the same fate, it being, in 1848, formally
annexed by Sir H. Smith to the British Empire, and
remained British property until 1854, when it was given
up, and the inhabitants were allowed to form a government
ance,
according to their
On
sary material of war.
creasing strength,
In view of
the Transvaal
all
the neces-
this increased
leaders,
and
Joubert
in-
and
wishes.
ever, (that in 1848) large
how
numbers of the Boers, resolved to
be mdependent and to have a territory of their own,
moved
with their flocks and herds,
and their implements of
husbandry, across the Vaal river, and settled themselves
on both slopes of the Cashan mountains. Difficulty having
arisen between them and one of the independent chiefs on
their border, and the British authorities dreading the outbreak of a genferal war, after vainly tendering some friendly
advice to the Boers, publicly proclaimed on the 12th of
April, 1877, the annexation to the British empire of the
whole territory of the republic of the Transvaal. Thus the
third effort for independent government was frustrated,
and of course the Boers were indignant; and from that day
until this they have not ceased to protest against an
arrangement which has in it many of the elements of
cruelty as well as injustice.
It was an act which provoked
among a large number of the English people,
and against which Mr. Gladstone and the Liberals, while
indignation
hurry forward to the scene of danger com- not yet in
petent leaders with large reinforcements and
own
the occasion of this last-mentioned interference,
It is
oflSce,
bitterly inveighed.
not claimed however that the Boers are very desir-
able as neighbors, or that their
example and teaching are
on any early day, to have any very beneficial effect
likely,
have shown a disposition in favor of peace. on the native races.
Dr. Livingstone, who was well
Alongside of this changed sentiment on the part of the acquainted with them, describes them as a wild and
Boers, a public sentiment has grown up in the out- unprincipled people. They are very hard in their dealings
Kruger,
nations
—a
sentiment which
the struggle with the native tribes, compelling them to work for nothing,
condemns the and to find their own implements as well as their own food.
aggressive spirit and conduct of the British colonial They profess to belong to the Reformed Church, but
In the meantime, an eight-day armistice has religion seems to have little power over their lives, and
authorities.
been agreed upon and the presumption is that unless the education among them is at a very low ebb. This descripBoers prove wholly unreasonable in their demands, the tion applies only to the Transvaal Boers; those in the Orange
negotiations will result in peace.
Free State, in Natal, and in thu adjoining colonies, (which,
The Transvaal difficulty is, we think, not too well under- as stated above, continue to have an independent governstood.
There is a vague opinion that wrong has been done, ment) being, according to Livingstone, " sober, industriotlS
but what the wrong is, is not so generally known. A full and hospitable." It is undeniable, however, that they are
explanation would really involve a history of the British brave, and that they have found competent leaders.
In
power in South Africa generally, for it is through her con- the fight they are making they very naturally have secured
nection with Cape Colony that all the troubles have arisen. general sympathy.
But at the same time it would, we
Originally Cape Colony was a Dutch settlement, having believe, be better both for natives and Europeans if a
been colonized by the Dutch East India Company in 1652. federation of the South African colonies could be effected.
It remained in the hands of the Dutch till 1795, when it It would allow of a strong government; it would
secure
was seized and held by the British. It was restored to the unity of purpose; and it would have a powerful effect on
Dutch at the Peace of Amiens; but it was again seized by the material development of a portion of the world highly
the British in 1806, and was confirmed to them by the favored for climate, and rich alike in agricultural and in
side
so
far as the Boers are
justifies
concerned, and
;
general peace in 1815.
The
mineral resources.
which was laid upon the British to protect
their own colonists led them into frequent wars with
the
neighboring native tribes, and also with the original Dutch
settlers.
Cape Colony became more and more a resort
necessity
for English emigrants.
The territory grew apace but each peace
;
It
has long been the ambition of the
government to convert South Africa into another
South Australia, and so make a new home for the Englishspeaking race. "We shotild rejoice to see federation rendered possible; and that may be the outcome of the present
British
negotiations.
THE CHRONICLE.
276
BAILROAD EARNINGS IN FEBRUARY, AND
FROM JANUARY
MARCH
railroad earnings for
The reported
and
said to be satisfactory
yet,
—unsatisfactory
that
satisfactory
and
decreases,
report large
TO
1
1.
February may be
same time, un-
great
satisfactory
many
that,
a very marked increase is everywhere
and that the total receipts for the month were
128,339 bales above those for February, 1880.
minor
ports
RECEIPTg OP COTTON AT SOUTHERN PORTS IS PEBKtJAET, 1831 ANB 1880.
roads
notwith-
GalTeston
balea.
Indinnola. &c
standing this fact, the aggregate of all shows an increase New
Orleans
Mobile
the
sure,
on the very favorable figures of last year. To be
Florida
only about 4^ per cent; nevertheless, in view
placed on transportation in many secembargo
of the virtual
the snow blockade and the severe
the
country
by
of
tions
improvement
is
an agreeable surprise.
The weather, especially in the "Western and Northwestern sections, was such as does not visit us more than
cold weather, even that
xxxn.
exhibited,
at the
a
(ToL.
is
SaTannali
BrmiRwiok, &o
Charleston
Port Koyal, «fcc
Wilminirton
Moreliead City,
Norfolk
City Point, &o
1881.
1880,
Differetux.
73,698
1,342
219,397
37,036
866
61,986
33,183
Inc.. -.40,515
Inc.. .. 1,079
Inc.. ..34,291
Inc..
9,800
263
44,637
7,820
7,101
1,540
47,085
22,837
185,106
27,236
4,340
58,198
187
26,919
3,835
2,991
2,214
48,705
4,098
.525,617
.397,278
472
<tc
Total.
Dec..
3,474
Inc.. .. 3,788
Inc..
285
Inc.. ..17,713
Inc.. .. 3,785
Inc.. .. 4,107
Dec.
674
Dec. .. 1,620
Inc.. ..18,739
Inc..
128.339
The most conspicuous gain shown in our table of earnings
once in a decade, if as often as that, and the interruption
is that made by the Central Pacific. The road earned $329,to trade, travel and transportation can hardly be overesti513 more in February, 1881, than in February, 1880, and for
mated. Such were the impediments that many roads had
the two months the increase foots up $731,000, or over 30
deand
all they could do to keep their main lines open,
per cent.
These figures are based on mileage scarcely 12
feeders
branches
and
while
voted all their energy to that,
per
larger
than in 1880. The connection between the
cent
had for the time being to be neglected. Some of the
Southern
(included in Central Pacific) and the
Pacific
latter were closed to business for days and, in certain
Atchison
Topeka
Santa Fe has just been made, and it ie
&
cases, for weeks at a time; and even where a company
announced that the new through line to the Pacific Coast
thus formed will be opened for business on the 20 th of
the repeated and violent storms in the "West and Northwest
made it almost impossible to bring forward goods by this month, aflEording the Central Pacific an additional
managed
to
keep
its lines
open,
suffered severely, for
it still
source of traffic.
wagon, in consequence of which the quantity of freight
For the purpose of showing again how heavy earnings'
awaiting transportation at the interior depots was greatly
were
last year on all roads, we have prepared the followthus
diminished or wholly exhausted. The railroads had
table, comparing the February figures of leading lines
ing
but
obstruction
on
their
tracks,
not
only
with
to contend
year with those of 1879, as well as with 1880.
with the more formidable obstruction of snow and ice over this
PEBR0ARY EABNINOS FOR THREE TEARS.
the entire surface of country drained by them, causing an
1880.
1879.
A'ame of Company.
1881.
Of
almost complete cessation of local transportation.
Pacific
newer the road the greater the blockade, as the Central
Chicago & Alton
be surmounted were greater. In illustra- Chicago & Eastern Illinois..
Chicago Milw. * St. Paul...
tion of the extreme severity of the weather, we may refer Chicapro & Nortliwe.st
Clev. Col. Cin. & Indianap..
to a dispatch from Fort Pierre, Dakota, on the Northwest Grand Trunk
road, which says that the first train from Chicago for Hannibal & St. Joseph
course, the
difficulties to
Houston
forty days arrived there last Saturday.
It
not
Illinois
not wonderful, therefore, that "Western roads do
is
make
a favorable exhibit, and
it
should surprise no
one that the Chicago Milwaukee & St. Paul, which probably had more miles of road affected in this way than any
other
company on our
list,
should show a decrease of 7 per
cent in earnings, on mileage 61 per cent greater than last
year.
The decrease
amounting
only about
in
to 15 per cent,
13
per cent.
shows a decrease of
Northwest earnings
but
its
is
larger,
mileage has increased
"Wabash
St.
12 per cent, on
Louis
&
Pacific
mUeage but
little
& Texas Central.
Central
.
(111.)
(Iowa lines)
International & Great No.
Do.
Louisville
Mobile & Oliio
Louis Alton & Terre H..
branches
Do.
St. Louis. Iron Mt. &So
St. Louis & .San Francisco. .
St.
Total
figures of
As
$1,056,691
307,681
60,363
476,667
889,623
$P,210,491
$7,836,794
$6,296,077
2.50,860
684,054
352,546
137,038
241,315
368,567
98,354
147,326
430,638
87,924
170,658
66,728
44,204
339,161
85,679
thus an increase of 4| per cent over the
1880, when compared with 1879 the increase
"While there
amounts
$1,070,487
497,013
83,265
738,749
1,131,683
291,961
760,915
333,988
166,965
272,791
487,269
126,537
140,214
575,035
102,232
201,094
10^,988
54,749
490,195
199,644
1
.
Nashville
Charleston
di.
Memphis *
$1,400,000
461,641
116,396
683,000
057,300
271,176
776,368
367,543
126,113
325,635
421,235
71,616
210,623
803,490
110,050
211,353
109,758
60,660
518,300
178,234
to
is
more than 30 per
to future earnings,
it
cent.
does not seem unreasonable to
Central were under snow a great part of the month, and
expect that, with a return of milder weather, these vtill
continue to make gains even on the very favorable figures
the loss of earnings on these
of 1880.
greater than last year.
•
.
As an
offset to the
The Iowa
is
lines of the
Illinois
very heavy.
diminution in the "West and North-
The
fact that
up
to the time
when the weather
interfered with shipments, railroad receipts
showed an un-
support to
west, there were considerable gains by the roads in the interrupted and a very decided increase, lends
free moveimpediments
to
a
as
the
that
as
soon
theory
South and Southwest. The cotton movement was large, the
15th or
before
the
been
removed
not
traffic
have
of
ment
and the volume of passenger transportation continues to
anyway
— the
—
tendency of
earnings to
Texas Central, International & Great
manifest.
There ifl
again
become
will
higher
level
a
reach
Northern, Louisville & Nashville, and St. Louis Iron
the
traffic that
since
take
this
view,
reason
more
to
the
all
Mountain & Southern make very handsome increases, and
moderate increases are reported by the East Tennessee has been held back will have to come forward, sooner or
The transportation of grain, provisions and general
"Virginia & Georgia, Memphis & Charleston, and Mobile later.
& Ohio, which have the same mileage as last year. The freight has only been delayed it must all be sent to
grow.
Houston
20th of March,
&
;
on the International & Great Northern is more market, and the railroads will secure the traffic the same
than 50 per cent. The road wag lately opened to San as in past years, the difference being that this year they
Antonio; its destination is the Rio Grande, and its object will get it later than in 1880, when we had a very mild
One exception, however, should be made, and
the Mexican trade. The present figures are full of promise winter.
Soon the canal-and-laka
relates
to the trunk lines.
that
for the future.
The following table of receipts of
this
may take frpm these
and
again
open,
be
will
route
cotton at leading Southern ports, in February, will show
interruption, would
the
for
except
that,
business
some
lines
cotton
has
playfd
part
in
the
larger
earnings
the
this year.
have goue to them. The canal route wUl, this year, have
It will be observed that with the exception of two
increase
or three
March
THE CHRONICLK
13, 1881.]
277
an additional advantage over the railroads. The Canal
Board met this week, and decided, with but one dissentOrand Trunk of Canadat.
ing vote, that cast by Mr. Butcher, to abolish tolls on QreatWest'ii of Canada t..
.
westward-bound
is
This,
freight.
we
as
stated last week,
estimated to be equivalent to taking o£E one-half cent a
bushel on wheat bound eastward.
It
is
usual for the
railroads to reduce rates on the reopening of navigation, to
meet the competition
of the water route,
and
this year's
reduction will probably soon be made, though unless tho
reduction
larger than in former years the canals, by
is
reason of tho ^ cent additional per bushel, will have a
But aside from
larger margin in their favor than ever.
the trunk lines there are few roads that are not sure of
getting ultimately the greater part of the freight
traffic
Hannibal & 8t. JoHeph
Houston >t(Te!iaH Central
llllnolB
Central
.
lino)...
leasod lineH)
(111.
Do fjowa
Indiana Bloom.
West.
Nortliom.
<Jc
Iiit«rnat'l<b Gt.
.
& Western
Lonisvllle lb Niwliville
.Mcmpliis & Cliarlcston
.Meiiipliirt Piul, i North.*
Lake Erie
MuhiloA
1S81.
1880.
$
*
770,369
367,513
126,113
325,635
421,235
71,616
83,261
210,623
88,485
803,490
110,050
&
Padiicali
&
&T.
Do
KvanHvillo
.
inuiiillno..
(braiielies).
11.
do
& Southern..
& San Franelseo.
Paul Minn. & Manitoba.
Scioto Valley
Wabash 8t. Louij & Pao.
Mt.
St. L. Iron
8*. Ixiula
.St.
.
thus far held in check by the weather.
166,065
272.791
487,260
126,537
09,060
140,214
58,789
575,035
102,252
12.321
12,721
204,094
77.259
20,291
21,571
108,988
64.749
400,195
190,044
137,645
20.352
033,143
.
Total
29,382
37.167
109,758
6(),6d0
S48.300
178,284
159,482
22,917
818,922
10,645,560 10.182,851
Deereate,
1B,4S3
83,59S
333,0'<R
7t»,»70
i;ii7„-»0ctht<)wii*
Pooria Dec.
St.L. A.
700,915
211,353
.
Olilo
Northern Paclrto
Ineretue.
40,693
S2,S44
ee.oji
94,921
6,099
70.409
20,606
228,459
7,708
400
7,250
2,717
9.091
15,590
770
5.911
58,105
21,410
21,837
2,505
lii'.Mi
1,130,791
Not inoraa-^o
Another element favoring larger earnings is the cer" Three weeks only of February in each year,
For tho four weeks ended February 26.
Very few
tainty of continued gains from passengers.
For the four weeks ended February 25.
passenger
report
their
receipts
separately,
and
if
roads
MILEAQE ON WUICII ABOVIE EARNINGS ABE
they did, February, on account of the weather, would
1881.
hardly be a fair period to use for illustration. Yet there
liurllngton Codar Kapids
Northern
564
are one or two roads in the South that may fairly be cited
2,644
Chicago & Alton
840
Thus, St. Louis Iron Mountain Chicago Si Ka.stem IlUiiois
in proof of our statement.
220
Chicago Milwaukee & St. Paul
3.900
& Southern for the third week of February (we have not (Chicago Sc Northwestern
2,770
St. P.iul Mlnnoapolia & Omaha..
309
the figures for the fourth week) shows an increase of Chicago
St. Paul & Sioux City
624
Cincinnati Indianapolis 3C. U)ui8 & Cliic.
300
$€,800 in passengers, $3,800 in freight, and $2,400 in Cincinnati <t Springlield
80
391
iron, ore and sundries, or more in the item of passengers Cleveland Columbus Cincinnati & lud
Cleveland Mt. Veruon & Delaware
144
551
than on all other items taken together; and Memphis & Denver & Rio G,-aii.l.'.
Dcs Moines & Fori l>ijjlge
87
272
Okarleston, whose total earnings for the month exhibit an East Tennessee Va. & Georgia
311
1,404
increase of $1,108, actually had no increase in freight Grand Trunk of Canada
823
292
earnings at all, but a loss of about $2,200, which was met
louston & Texas Central
622
Illincis Central (Illinois line)
by a gain of pretty nearly $10,000 in passenger receipts.
91s
Do
(Iowa leased lines)
402
If, however, all signs point toward larger gross earnings,
212
677,033
462.718
t
t
.
BASED.
1880.
Incretue.
402
72
273
<fc
2,371
840
(
1.52
68
2,359
2,449
1.441
261
421
300
80
391
156
337
87
272
311
Via
1,273
131
34
625
365
1,840
1,107
330
506
722
186
330
113
506
722
186
185
195
71
686
596
860
100
125
195
71
686
492
656
100
2,479
2,384
95
28.339
24.212
4,127
-
International
<k
Great Northern
Nashville
Charleston
Louisville
,k
The severe weather must have Memphis &
kad a very telling effect on expenses. The damage caused Mobile & Ohio
by the snow and ice, and the expenditure entailed in their Northeni Pacific
Peoria Decatur Si Evansvillo
-.
removal, probably foot up a very large sum, to which will St.
Louis Alton & Terre llautc (main line)
Do
do
(branches...
to
be
added
have
the deteriorating effect of the weather on
St. Louis Iron Mountain it Southern
plant and rolling stock. Then it is to be remembered
share in the improvement.
that
many
roads, taking advantage of the prosperous times,
are renewing their track,
road-bed, and
Scioto Valley
Wabash
making other
improvements
in property, and using net earnings for the
Another point not to be forgotten is that wages
are advancing, which also has the effect of augmenting
There are few roads that have yet reported
expenses.
expenses for January there are never many, in fact, but
'
St.
& Pacific
Total
Desrease.
OROgS EARNINGS PROM
purpose.
—
Louis
Burl.
Cedar Rap.
<5t
No.
.
Central Pacific
Chicago & Alton
;..
time there are fewer than usually Nevertheless, such Chicago
* East. Illinois.
as have come in bear out what we have said, as will be Chicago .Milw. & St. Paul
ChicK&o & Northwest
seen below.
The montli of February Will probably be Chic.Sti.P.Miiin.&Oinaha.
St. Paul ic Sioux City..
even less favorable in truth, it seems not unlikely that
Cin. Ind. St. Louis & Chic.
the expenses will continue exceptionally heavy a montli Cincinnati & Springlield.
Col. Cin. & Ind
or two longer, or, at least, until the roads have recovered Clev.
Clev. Mt. Venion & Del
from the late disastrous weather.
Subsequently, they Denver & Ilio (irande
Moiues & Ft. Dodgemay be able to make good the loss of previous months, Des
East Tenii. Va. <& Ga
Flint
A: Pore Maniuotte..
but as mo.st companies are averse to making public
Grand Trunk of Canadat.
unfavorable returns till they can be offset by better Great West'n of Canada;.
figures, the full measure of the loss will probably not be Hannibal & St. Joseph...
Houston & Texas Cent...
known for a long time may never be known.
lU. Centr.al (III. lino
this
-
;
.
—
Do
(la. leiu^ed lines).
Indiana Bloom. Si. West.
Internat'l&Gt. North...
0R08S BABNING8 IN FEBnUAHT.
& Western
Lake Erie
1881.
1880.
Inertase.
Decrease
Louisville .t Na.sliville...
Mempliis
Burl. Cedar Rnp. & North..
Oentnil raiMlic
ChicivRO & Alton
CUicaK<)& East. liliuols...
Chic. Milwaukee & St. Paul.
Chlcairo*, Niirthwest ...
.
&0m.
Clilc. St. P. MImi.
8t. PaiiUt Sioux City....
OiD. Iiid. 8t. L.
Cliic...
&
Cinciniuiti
Siulnjftlelil.
rill.
III. I...
St.
Olov. ('.ol.
&
Olev. Ml. Vuruoii
Denver
.1-
&
Del..
Uio (Jiaiian
.
DCS MoiiieJ) ife Ft. Dodite'
EusiTeuu. Va. A Oa
t'Unt
'
At
Pere
Tliree
.Mar(|iu-ttc
.
& Charleston
.
.
Memiiliis Pailucah .kNo.'
124,510
1.400,000
481.641
165,171
,070,487
497.013
329.513
116,3!)C
6H3,0O(l
8.<,2«,"i
33,131
7;!8,74!l
957,300
10t,9(i.5
54,(>7:i
1G0.9H1
70,574
271,176
2'.I,55U
317,681
12,593
110,75-'
119.8S16
woeks only u( February
in
,131,683
92,014
K
1
.o:j
40,601
5.V,749
291,961
3t,612
128,291
15,156
101.U96
118,024
yi
each year.
Do
'26,3ci
St. L. Iron
St. liouis
11,560
20,785
5,062
189,390
"2'.V63
1.80
do
<fe
Wabash
*
t
;
IiicreaBe.
$
292,260
349,483
3.(M)2.907
2,271.101
1,021,068
155,731
1.503,047
2,286,315
197,449
949,53
241.851
1,674,000
2,197,967
230,520
166,404
332.447
145,107
571.070
62,06H
625,157
37,561
33935
514.423
1,630,539
215.761
228,016
1,490,931
685,232
343,014
591.832
951.718
253.721
170.458
299.757
108,283
1,219,490
231,517
32,049
454.210
158.649
57,508
39,128
205.910
110,966
1,046,178
395.339
317,884
457,423
1,861,746
23,129.756
21,335,195
1,6 11, .500
221,892
31.'218
429,596
193,820
72,070
77,774
211,-532
390,009
Three wecKsonLv or February In each year,
January 1 to February 26.
January 1 to February 25.
60
"ioi
204
Deereate.
$
57,228
731,806
,1
71,537
86,120
170,053
88,318
33,071
169.456
328.238
132.656
604,564
68,803
253.184
210,269
255.201
1,535,890
727.021
279,180
685,311
899,031
194,289
173,544
392.086
193,663
81
5T
783
28.
$
413,6t!i'
Total
Net Increase
FEBRUARY
18S0.
& Man. ...
Pacific
St. L. &Pao
1 TO
$
128,344
1,119.257
Paul Minn.
113
1881.
(branches)..
& South'n.
8. Francisco.
Mt.
&
St.
Texas
7,817
6.056
PiMlucah & Elizabetht'n*
Pooria Dec.& Evansville.
8C.L.A.&T. II. mainline.
174,383
"9,9'2'i
I
6-.',757
Northern Pacitlo
35.'3 7 2
172.511
Ohio
.Mobile A;
.IAN.
214
823
292
522
884
402
212
544
308
1
there are not wanting evidences that net earnings will not
321
48
203
3,052
4.209
12,451
33.485
6,734
371.973
3,626
3.508
27,248
44,915
41,789
63,864
93.509
55.684
09,432
3.086
02.329
85.380
362.010
0,625
831
24,614
35.177
14.502
38.346
5.622
17.378
73.079
4,670
96,785
57,000
........
2,504.872
710,311
,794.56)
........
231,207
1
THE CHRONICLE.
278
IvoL.
The statement below gives the gross earnings, operating
expenses and net earnings for the month of January, Alaska
Arizona
of all such railroad companies as will furnish monthly California
Gold.
^
1S81.
Boeton & N. Y. Air Lino *—
Gross earnings
Operating exi>en8ea
20.438
9,323
11,115
Net earnings
*
On
*
181^0.
21,597
8,3.51
1881.
1880.
20,438
9,323
21,.587
8,351
13,230
11,115
13,23(5
34.928
24,968
13,875
18,779
10,525
24,968
13,875
11,093
8,254
11,093
8,254
Mempliis Paducali & Northern18,897
Gross earnings
13,962
Operating expenses..:....
19,328
15,556
18,897
13,962
19,328
15,556
3,772
4,935
3,772
Net earnings
Net eaminzs
VasbT. Cliatt. & St. Louis—
4,935
178,143
137,929
205,634
105,603
178,143
137,929
205,634
105,603
40,214
100,031
40,214
100,031
Net earnings
N. Y. Lake Erie & WesternGross earnings
Operating exjienses
1,443,437
1,137,988
1,296,381
305,449
349,816
305,449
349,816
Gross earnings
Operating expenses
189,749
157,485
164,232
124,080
189,749
157,485
164,232
124,080
Net earnings
Nortliem Central
Gross earnings
Operating expenses
32,264
40,152
32,264
40,152
386,156
245,970
334,494
214,060
386,156
245,970
334,494
214,060
140,186
120,434
140,136
120,434
42,688
28,458
37,277
22,928
42,633
28,453
37,277
22,928
946,565
New Y'ork & New England-
14,230
14,349
14,230
Net earnings
14,349
Pennsylvania (all lines east of Pittsburg & Erie)—
Gross earnings
3,189,215 3,083,551 3,189,215 3,083,551
Operating expenses
1,982,354 1,717,253 1,982,354 1,717,253
Net earnings
& Erie-
1,206,861 1,366,298
1,206,861
1,366,298
224,307
151,701
224.303
164,234
224,307
151,701
Philadelplila
224,303
164,234
Gross earnings
Operating expenses
Net earnings
St. Louis Iron Mt.
Net earnings
The following
Wirl.
figures
Riv. in
Gross earnings
Operating expenses
Net
1
earnings
Operating expenses
Net earnings
Gross earnings
Operatiniiexp. and taxes.
Net earnings
Great Western of CanadaGross earnings
Operating expenses
Net eaniiugs
PRODUCTION^,
NoTember
December
9,555,391
16,506,028
Mareta
April
June
August
September
•
Imports
Anisterdani
142,467
267,811
Amsterdam
Antwerp
Jan. 1
1880.
Hamburg
31.1879.
to Dec.
89,192
106,497
541.361
106,911
61,886
182.444
90,909 9,040,981
80.914 18,766,084
169,871 16.086.187
220.759 9,3.'M.63a
158,574 16,347,452]
.
.
. .
Berlin
Frankfort.
..
Time.
RaU.
Short.
12-212 312-313
3mo8. 12-4St ®12-5i4
25-60 ®25-65
20-62 ®20-66
-20-62 320-66
•20-62 ®20-66
18-40
Copenhagen.
® 18-45
202,409
1,964,497
Madrid
266,987
221,066
6,441
6,479
S4,0<66
45,921
732,029
899,725
443,165
178,093
382,230
163,540
265,067
218,690
Deeember.
.
425,800
260,000
396.600
219,300
163,800
177.300
26 Short,
23
25-35
siiort.
liV'-TO
25-8212323-9212 Feb. 26 3mos.
23-82i2®23-92i2 Feb. 26
Naples
Lisbon
Alexandria..
New York...
25-33
25-35
. .
. .
.
.
Hong Kong..
Shanghai
521835214
60 days
7ih8<l.
71Bi8d.
"'
Feb.
Feb.
Feb.
Feb.
Feb.
Feb.
23 3mos.
26 Short.
26 4mos.
26
26
26
97
48Hi
Is. 8i4d.
Is. 838d.
3s. S^d.
5s.
VVL
(From our own correspondent.!
London, Saturday, February 26, 1881.
9,127,094 7,551,492
General business remains in a dull and somewhat unsatisfac3,740,998 3,205,683 tory state. Additional failures have taken place, and less
1,982,556 1,773,770
confidence seems, on the whole, to prevail. There is not,
1,758,442 1,431,913 however, any actual depression ; but, considering how easy ia
/— 5 mot. end. Dec. 31.-N
the condition of the money market, some disappointment is
2,138,600 1,893,700 felt at the slow progress which is being made. On the Stock
1,304,700 1,132,200
Exchange the more prominent movements have been in the
833,900
761,500 departments for British and American railroad bonds, and
prices being regarded as high, there has of late been an increas-
AND EXPORTS AND IMPORTS
OF GOLD AND. SILVER.
When we made up in January
Genoa
Bombay
Rate.
4714,3471s
47iaa>47i4
Cadiz
Calcutta
„.^^
25-39
20-50
20-50
20-48
138,578
413,687
329,621
1.120.006
1.046.8"2
1,280.677
70,M9
142,007
520.490
197368
484,930
387,965
2,654.055 •1,534.049
40,233
1,006,149
1.863.975
•5S3.2S8
6.58,773
1212
3,112.605 2,727,240
l,148,108t l,009,273t
28,387
21,903
800.780
717.848
822.895
327.191
1.599.034
713,634
Feb. 26 siioVt.
Feb. 21;
Feb. 26
Feb. 26
265T679
63,270
37,928
31,487
784 .583
•403.798
•35.099
380,78»
648,403
•800.377
Feb. 26 Short.
225,206
86,628
to
975,594
998,657
Latest
24=8 ®24ia
St.Peter^'bg.
Short. 25-3213325 4212 Feb.
Paris
3mos. 25-55 325-621^
Paris
ll-87i2311-92ia Feb.
Vienna
1,717,967
Net.
788,496, 1,192,294
I,085,:i55 1.120,454
842,463
1,223.252
BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
BXOHAy as AT LONDON—Feb. 26. EXCHANGE ON LONDON.
267,841
.>.
149,612
1,1166,679
569.363
314.861
•274.499
77,240
17,083
Exports.
\
As our figures at that time prove to be so close
$70,568,739.
an approximation to the actual result, it is unnecessary to
change our statement then made of the stock of gold in the
country on the first of January.
142,467
1879.
226,205
Imports.
In our remarks in January (Chronicle Jan. 15, page 55), we
estimated (that is, the estimate covered the last two mouths)
the total net imports of gold for the year at $69,810,959. The
actual 7iet import seems to have been, according to the above
On-
to hand:
SUver.
Net.
than exports.
less
72,606
—December,
$75,200,000
73.631,198 3.062,459 70.568.739l|ll.644.525'lg.983.44a '1.336.917
Total
555,983
2b8,142
Chicago Burlington & Qiilnoy—
Gross earnings
1,326,812 1,438,167 17,341,890 14,779,715
Operating expenses
594,783
538,442 8,214,796 7,228,223
Net earnings
Houston & Texas Central
October
795.568
464,473
892.1S0
168,432
123,580
648,278
244.330
9,131,890
18,846,998
16,256,058
60,069
Taxes not included, amounted in 1880 to $113,834, and In 1879
Grosseammgs
January
February
570,957
428,490
^108,182.
Cairo & St. Louis—
^
OoU.
Imports. lExpurta.
72,606
Neb.—
$39,200,000
Month.
555,983
288,142
haye but recently come
|
follows.
60,069
1880.
& Mo.
$36,000,000
total production, estimated
570,957
428,490
& SoUtb'n—
Gross earnings
Operat. and extr. expens.
sourc<:S.
May
1,443,437 1,296,381
946,565
1,137,988
Net earnings
Faducali & Elizabethtown—
Gross earnings
Operat. expen. & renewals
10,000
410,000
20,000
14,000
Total
July
Net earnings
4,746,006
$6,000
2,400,000
18.600.000
20,200,000
3,670.000
120,000
2,130,000
4,900.000
15,700,000
533,000
95,000
1,103,000
15.000
4,930,000
10,000
410.000
20,000
14,000
by the Director of the Mint,
81.130
in his annual report, amounted to about the same as the aggre18,779 gate of the foregoing details. The imports and exports of
10,525
precious metals during the last calendar year have been as
81,130
Gross earnimts
Operating expenses
15,000
210,i'00
,
The
425,000
,090,000
15,000
Virginia
184,317
103,187
167,750
132,822
184,317
103,187
34,928
Net earnings
Des Moines & Fort Dodge-
Gross earnings
Operating expenses
Utah
10,1(00,000
130,000
95,000
North Carolina.
Oregon
South Carolina.
Other
167,750
132,822
450,000
2,500,000
,980,000
,400.000
,800,000
Montana
Nevada
New Mexico
Wyoming
Ban. Cedar Rap.A Nortb'n—
Gross earnings
Expenses
120.000
Georgia
Idaho
Washington
5 per cent basis in 1881, against 6 per cent in 1880.
Total.
$2,000,000
1 ,100.000
17,000.000
70,000
,500.000
,200.000
,600,000
Dakota
SS088 EAKMINQS. EXPENSES ASD MET EABMINOS.
Jan. 1 to Jan. 31.-^
January.
t
Silver.
$6,000
400,000
Colorado
exhibits for publication.
xxxn.
our statement of the stock of
gold in the United States, the official figures of imports and
exports and the details of production had not been issued.
These state inents were both of them published last week, and
We give them now so as to complete our record. The production by S'ates and Territories is given by the Director of the
Mint as folio .vs, for the year ending June 30, 1880.
ing desire to sell. In some cases the fluctuations have been
severe, and, as far as home railways are concerned, there is an
expectation that prices will further decline, the weather since
the commencement of the year having been very unfavorable
for traveling. If, however, we should have a favorable spring,
some recovery may be made ; but at the present moment the
prospect is not encouraging. From nearly all the centres of
industry the report is that business is being conducted with
great caution, and in the discount market the complaint ia
that mercantile bills are still very scarce.
Mabch
Afl
THE (JHRONKJLE.
12, 1881.1
Bank return
The accumulation of gold
anticipated, the
had been
ble character.
ia
of a very favora-
continues, not only
receipt of supplies from Paris, but also by the return of
coin from provincial circulation. The total quantity held by
the Bank now amounts to £27.678,783, against £28,306,306 last
year ; while the total reserve is £17,419,633, against £17,077,872-
by the
The proportion
of reserve to liabilities
is
now
49"78 per cent,
against 46-83 per cent last week and 50-19 per cent last year.
The Treasury balance continues to augment rapidly, the total
being £10,573,440, which compares with £8,232,748 in 1880.
"Other
however, reach a
securities,"
of
total
£20,681.280,
against £18,423,968 last year, which is obviously due to the
advances the directors of the Bank of England have made upon
Stock Exchange securities. The position of the Bank is clearly
one of considerable strength, and the accumulation of gold is
expected to continue, notwithstanding that about £100,000 was
unexpectedly taken out of the Bank to-day for transmission to
the United States. The operation, which is understood to have
been effected by the Bank of British North America, is due to
exceptional causes, and it is not expected that it will be repeated.
The demand for money throughout the week has been very
There
moderate.
is
a moderately extensive supply of floating
considerably in excess of the requirements of
commerce. The settlement on the Stock Exchange produced
but little additional demand, the number of large accounts open
being comparatively small. Loans for short periods have been
capital,
and
it is
obtainable at about
2^
been easy as follows
per cent, and the rates of discount have
~
Per
rate
OiMiii-market rates—
30 and 00 days' blUs
3 months'
Per eetil.
months' bank bills
258*2%
2''8®3
6 mouths' bank bills
1 <& 6 mouths' trade bills. 3 -WJ^
Open market rates—
cent.
Bank
3
4,
2ia®2»8
^^p'iH
bills
The rates of interest allowed by the joint-stock banks and
discount houses for deposits are subjoined :
Per cent.
Jotnt-st«ck banks
2
Discount houses at call
do
with 7 or 14 days' notice
Annexed
2
2W
a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of consols, the average quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair second
quality, and the Bankers Clearing House retom, compared
with the three previous years.
is
1881.
Circulation, excluding
1880.
1879.
1878.
A
&
£
bank post bills
Public clcposits.
25,159,150 20,303,410
10,573,440
8,232,748
24,197,181 25,576,015
Govenuii't securities. 14,831,808 10,482,993
Other sci urities
20.681,280 18,423,968
Kes'vc of uot^s & coin. 17,419,033 17,077,872
Coin and bullion in
Iwth departments
27,678,783 28,306,306
Proportion of assets
49-73
to liabilities
5019
Bank rate
3 p. 0.
3 p. c.
Consols
99 k
98%
Edr. wheat, av. price.
4l8. 8d.
43s. Id.
Mid. Upland cotton
fl%d.
76,,d.
No. 40 Mule twist...
1013d.
Is. 013d.
Clear'g-houee return. 93.274,000 93,220,000
Other depiwits
.
. .
29,384,405
8,036,324
28,710,002
14,688,528
22,766,474
17,756,467
26,529,445
0,834,911
23,331,099
15,181,613
20,310,407
12,917,901
32,140,932
24,447,346
47-91
3 p. c.
963a
The Committee
Exchange have appointed Tues-
The
has been deferred.
announcement was made.
official list
The following are the current
price fell rapidly
when the
rates of discoant at the princi-
pal foreign centres
Bank
Open
rate.
market
Pr.et.
iV.
3^
3%
Amsterdam
3
Brussels
(^enoa
Uerlin
Krankfort.
3J3
2>g
3>4
338
4
4
4
292'A
Hamburg
4
2®2>e
Vienna
4
3»4
.
Bank
el.
Paris
St.
Open
rate.
market,
Pr.cl.
Pr.el.
5>a
Petersburg...
Geneva
6
4
S
Madrid, Cadiz &
Barcelona
4
Lisimn & Oporto.
5
Copenliugeu
3^94
New York..
Calcutta
2>4
.
5
6
4»?
.
The weather has not been favorable for agricultural work,
and there is much reason to apprehend that farm operations
are in a backward state. A month of dry weather is very mach
needed but during the paat week snow has fallen in most
localities, and the work of the plough has been seriously
impeded. Next month, farmers will have to work earnestly ;
bat there are so many tenantless farms that there seems to be
not much prospect of a satisfactory yield of agricultural produce, even if the weather should be propitious. It is said that
one landed proprietor in Essex, which is our leading wheatproducing county, has as many as 10,000 acres of land for
which he cannot find cultivators, so that farms are being culti;
vated in a slovenly manner as circumstances admit. Landlords,
however, are compelled to take less rent for their properties,
and probably there will be more inceming tenants at Michaelmas.
It is to be hoped that the new race of farmers will be of a more
than the race now disappearing, and that they
produce that which is the more likely to pay the best.
Landlords at one time were very strict about the terms of their
leases, and insisted upon the " four-shift" system, necessitating
practical sort
will
a rotation of crops for three years, and a fourth year fallow.
Now, however, they are anxious to secure their rents, and leave
the cultivation of the farms to the farmer's judgment.
There has been rather more firmness in the trade for wheat
during the last few days. An improved inquiry for consumption
has arisen, and rather better prices have been obtained. The
quantity of English wheat offering
are scarce.
is
small,
and
fine qualities
The following return shows the extent of the imports and
of grain, &c., into and from the United Kingdom
during the first twenty-six weeks of the season, compared with
exports
the corresponding period in the three previous seasons:
UIPORTS.
Wheat
Beans
Indian
Flour
71,526,000
of the Stock
day, March 1, a special settling day in the scrip and paid-np
scrip of the deferred income bonds of the Philadelphia & Reading Railroad Company ; but the question of a quotation in the
Barley
Oats
Peas
37s. 7d.
53,6d.
8i4d.
2T9
com
1880-81.
o-wt.28,S97.038
7,379,179
5,161,242
1,325,383
1,137,194
16.480.958
0,688,404
1879-30.
32,372,995
8,777,954
7,405,372
1,223,847
1,502,613
11,102,188
5,716,719
1878-79.
1877-78.
29,311,143
7,625.35a
5,847,545
8-27.145
938.835
629.231
2,046.941
14,200.463 14,740,12*
3,932,577
4,297,374
24,303,320
0,300,532
5,801,355
Gold continues to be received from Paris, and to be sent into
EXPORTS.
the Bank of England. A few small amounts of gold and silver Wheat
916,731
993,642
539,663
662,690
cwt.
76,145
31,417
12,938
23,636
have been transmitted to the East, and the only export move- Barley
64,647
52,323
384,555
51,088
Oats
14,207
ment of importance has been the purchase of £101,000 on New Peas
75,022
9,810
48,259
10,917
5,408
21,236
Beans
20,042
York account. The silver market is still very firm, and prices Indian com
55,60-,a
262,333
511,383
163,995
46,690
23,655
63.707
65.659
Flour
have further improved. The quotation for fine bars is now
During the week ended February 19 the sales of home-grown
52^d. to 52%d per ounce. Mexican dollars are worth 51?^d.
wheat in the 150 principal markets of England and Wales
per ounce. Annexed are the present prices of bullion
amounted to only 26,484 quarters, against 34,530 quarters last
GOLD.
a.
d.
t.
d.
Bar gold, fine
peroz. standard. 77 9 •a
year
and 56,550 quarters in 1879, while it is computed that they
Bar (told, contaln'g 20 dwts. silver per oz. standard. 77 1013a
were in the whole kingdom 106,000 quarters, against 128,120
Spanish doubloons
per oz. 74
-a
75
South Amoricaii doubloons
peroz. 73 9 ®
quarters in 1880 and 226,200 quarters in 1879. Since harvest the
United States gold coin
per oz., none here.
®
sales in the 150 principal markets have been 983,108 quarters,
German gold coin
per oz. 76 314®
against 802,663 quarters and 1,426,477 quarters in the two
SILVER.
d.
d.
_
the estimate for the whole
Bar silver, flne
peroz. standard 5219 - 5268 previous seasons respectively
Bar silver, contaln'g 5 grs. gold
kingdom being 3,932,500 quarters, against 3,246,600 quarters
per oz. standard 52 ^s ®
Cakesilver
peroz. SOSg a
....
in 1879-80and 5,705,900 quarters in 1878-9. Without reckoning
Mexican doUiirs
peroz. 51>a ®
the supplies furnished ex-granary at the commencement of the
Chilian dollars
peroz
....
-a
season, it is estimated that the following quantities of wheat
Quicksilver, *6 18s. Od.
Discount, 3 per cent."
The Indian exchanges continue to improve, but no better and flour have been placed on the British markets since
harvest. The visible supply in the United States is also given :
price was obtained for the Council bills on Wednesday
the
1878-9.
1877-8.
1879-80.
1880-1.
rate at which the bills were sold was Is. 7 15-16d., but buyers Imports of wheat.cwt.28.89r,658 32,572,995 24,303,320 29,511,142
:
. .
,
;
;
obtained an allotment of only 8 per cent, against 38 per cent in
the previous week.
The rates of exchange on India are now
as follows Bank bills, 60 days, Is. 7 15-16d.; 30 days, Is. 8d.; on
demand. Is. 8^d. Private bills, 60 days, Is. 7Md.j 30 days.
:
Is. 7 13-16d.;
on demand,
Imports of flour
Sales
of
6,088,104
5,716,719
home-grown
3,952,597
_
_„«
17,041,000
14,068,500
24,725,570
52,627,082
of
52,358,214
52,981,473
54,280,216
728,349
623,370
993,427
51,898,713 51,731,844
Result
Av'ge price of English
478. id.
42s. 7d.
wheat forseason (qr.)
Visible supply of wheat
oush. 27,200,000 28,180,000
IntheUTs
51,988,046
produce
Total
Deduct
exports
wheat and flour
ls.7 15-16d.
The prospectuses of new companies continue to make their
appearance, but not one has been issued of interest to the
United States.
4,297,374
» ._.
20,471,700
408. Od.
20,717,000
.
«. _ „«,.
1,017,297
53,262,919
_,
,_
538.00.
.—..m
THE CHRONICLE.
280
EaxlUIi market Keport*— Per Cable.
The daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following summary:
Londm Money and Stock Market. The bullion in the Bank of
England increased £529,000 during the week. Durinfr the
same time the specie in the Bank of France increased 2,825,000
francs in gold and decreased 3,650.000 francs in silver.
—
Sat.
Mar.
Silver,
peroz
d.
5.
.^2
Consols formoney....'. 995, g
Consolsforaocount .... 9913
Man.
Mar.
Tues.
Wed.
Tkurs.
Mar.
Mar.
Uar.
7.
8.
9.
10.
11.
f52
52H
52%
52>4
995,3
99>a
995,,,
997,,
99=8
5238
999,6
'99%
S5-72h
So-ir>
9913
Fl''clu-eiitos(inPari8)fi-.8i-.i7i3 .S3-75
8')-80
U.8.590fl881
103=8
U.S. 4 las of 1891
U.S. 4s of 1907
114>.2
103=8
lll^a
117
Erie,
103^
lim
117%
50%
common stock
11738
oO's
138
137V»
68I4
Pennsvlvania
Phil.idelpUiaA Reading. 3414
1.53
New York Central
Illinois Central
68I9
33=8
Man.
Sat.
d.
s.
ni<rar(ex. 8tat»).1001b.l2
"
9
ffheat, No. 1, wU.
"
SpriuR, No. 2...
"
Wiater,\Vest.,n.
"
Cal. white
95
99
93
56
Beef, pr. mes3,new,^tc.75
Lard, prime West. ^cwt.51
Am. choice " 08
U'a
lU^
110%.
llt)i-3
50
6
i'J^a
6S%
073^
Sl'^s
31H
132ia
152%
Wed.
Thurs.
SSH
3414
131
Markets. —
«.
d.
12
9
9
s.
d.
5
95
99
93
06
95
99
93
50
—
d.
s.
9
9
9
5
5
12
9
9
9
3
9
65
39
75
51
6S
Fri.
d.
12
«.
12 9
9 5
63 O
O
39 6
75
73 O
31 6
6
52 3
63
63
See special report on
Oliecse.
lOS^a
I3713
I5212
Tues.
63
39
Liverpool (Jotton Market.
1
110%
50%
95
99
93
56
"
Coni,ralx.,W.new
Pork, West. mess.. ipbbl.63
Bacon, long clear, cwt.. 39
Ill's
137>a
09
d.
».
9913,
8o-i7^
lea's
SOU
12 9
9 O
9
6
99'h«
103%
137ia
68I4
and Provisions
Liverpool Breadstuffs
Fri.
Mar.
99
93
56
4
4
97
5 5ia
65
63
40
40
73
75
52 6
53
68
68
cotton.
©onxnxevclaUiixtliltXtsccUauccrxisiXcws.
National Banks Organized.
bank was organized this week
—The
following-named national
:
First National Bank of Toms River, N. J. Authorized cnpi$50,000; paid-in caiiltal, $30,000. John Aumack, President ; Wm. A. Law, Cashier.
2,509— The
tal,
—
Imports and Exports for the Week. The imports of last
week, compared with those of the preceding week, show
an increase in dry goods and a decrease in general merchandise.
The total imports were .1)10,245,513, against $3,907,346 the preceding week and $8,820,900 two weeks previou.s. The esports
for the week ended March 8 amounted to $8,921,237, against
$8,528,255 last week and $6,723,609 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) March 3 and for the week ending (for general
merchandise) March 4; also totals since January 1:
FORErBN tMPORTS AT
For Week.
Dry Goods
$2,436,729
4,171,354
Gen'lmer'disc.
Total
Since Jan.
NEW
YORK.
1879.
1878.
1880.
1881.
$3,025,548
4,911,513
$3,032,307
8,813,739
$3,932,942
6,312,371
Gen'l mer'dlse.
Total.
Tub National Banks and Legal Tender Deposits.— On the
questions of the national banks withdrawing their legal tenders
deposited in order to redeem their circulation and take up their
bonds, the following decision was made March 11:
Treasiiry Department, Washington, D. C, March 11, 1881.
To Vresident Merchants^ National Bank, Cleveland, O.:
SrR— I ato in receipt of your letter of the 3th inst., stating that yonr
bank liad, during the previous week, deposited with the Assistant
Treasurer at Now York $180,000 in legal tenaoi-s. with a view of retirlue
that amount of Us circulating notes
that the bonds to secure the
same, amonntluK to $200,000, had been forwarded to New York, iiud
that the bank now desires to return them to tbe Treasurer of the United
States, and receive back tho above amount of Icfral-teiidi'r notes.
As the .iiition taken in tills ca.se would cst.'iblish a rule liy which tho
Department would neeessa-ily be governed in regard to similnr requests
from other banks, some delay in auswcrliig your letter lia.s occurred. It
seems that, since tlio 19th nit., about $19,000,000 of le;;al tenders have
been deposited by banks for a purpose like that mentioned bv you. Of this
amount about $1,000,000 was returned by the Treasun r. request, ilierefore, having been received before aTiy redemptions of notes had been
made, or the security bonds delivered. lu such cases, the transactions
being incomplete, the Dcpurtmeut had clearly a right to retnru the
notes, as has been done. Of the remaining.amount, about $l>',O(i0.(i00.tho
securit.v bonds therefor have cither been surrendered, or redemptions
agaln.st the amounts deposited have .already been Uiade, and the transactions have been so far completed tliat it has been decided that tlie precedents of the Department in similar cases should be alhered to, and no
return of the legal-tenders be made. In this connection it should be
stated that no ax>prehcusion of unfavorable results need be entertained
;
in this matter.
Since the 25th ult. tho Department has paid out for bonds purchased
$6,500,000, and is to-day paying out on like account an
additional
am.iunt
of
.$i,0oO,000. In addition to
these payments, there has been advanced from the Treasury since the
1st inst. to meet the paynientsof arrearages of pensions, tlie .amount of
$7,583,844 33, ,'iiul on I he first ijroxiiuo there will fa'ldueof interest
mure than $7,000,000 and there are on hand of incomploie national
bank notes, which can be issued at once to the binks, tho amount of
$4,000,000, which, in the aggregate it will be observed, will take an
amount from the Treasury largely in excess of the amiunt of legal
tender notes which have been deposited by the banks since the 19th
ultimo, and which it is now desired should be returned. Letters have
also been received asking if the uleutical United Statei bonds held as
security for circulating notes which were recently withdrawn by the
national banks can be re-deposited without transfer. This request will
be graitted if the bond bears no aasigoment except that of the Treasurer
of the Unite 1 States to the bank returning It. Very respectful Ij-,
H. F. FRENCH, Acting Secretary.
about
;
—Attention
Canada Guarantee
Chronicle columns to-day. This company has
opened a branch office in this city, after a l^rge and successful
experience in Canada, and supplies a want long felt among
business corporations, merchants, and others. The company
offers to employers a better security tlian is usually found in
Company
The names of the New York Board of
must attract attention among those wishing to become
patrons of this company, embracing, as it does, such names
as Robert Miuturn, John Paton, J. D. Vermilye, and others.
The company, having deposited $100,000 with the department
gersonal bonds.
'irectors
at Albany, is therefore ready for business transactions in
United States.
—
The shareholders of the Ontario Silver Mining Company of
Utah have now received in dividends (including the one for
February, payable March 15, just declared) the sum of
$13,878,046
$10,243,513
$3,250,000.
$27,787,944
03,373,897
$23,213,784
47,232.504
*56.532,247
J;37. 804.299
$91,361,341
regular monthly dividend of the Deadwood-Terra
Mining Company (for February) has been declared, payable at Wells, Fargo & Co.'s, on the 20th. Transfers close oa
$70,446,283
is
NEW YORK FOR THE WEEK.
1878.
For the week. .
Prev. reported..
1879.
—The
Grold
the 15th.
Attention is called to the dividend of 1% per cent declared on the preferred stock of the Chicago St. Paul Minneapolis & Omaha Railroad Company, payable on and after April
—
20, 1881.
1830.
18S1.
«6,438.220
60,594,691
$6,344,611
53,749,206
$7,775,954
53,651,783
$8,921,297
66,121,238
$67,032,911
$60,093,817
$61,427,737
$73,042,335
—
A dividend of 2)^ per cent has just been declared on the
stock of the Dubuque & Sioux City Railroad Company, payable
on April 15 at the office of Messrs. Jesup, Paton & Co., this city.
BANKING AND FINANCIAL.
FISK & BATCH,
The
following table shows the exports and imports of specie
at the port of New York for the week ending Mari 5 and since
1,
BAXEEBS,
1881:
EXPORrS AND IMPORTS OF SPECIE AT
NEW
AND DEALERS
YORK.
Week.
Imports.
Since Jan.
1
Great Britain
France
Gemi.any
Week.
53,532
13,790
West Indies
Mexico
South America
230
111.010
4,600
5,863
$250
$116,210
780,810
1,124,200
134,223
$78,187
8,759
25,279
All other countries.
Total 1881.
Total 1880.
Total 1879.
No. 5 Nassau Street,
All other countries.
$3,815,553
482,300
53,532
145,423
121,267
82,761
09,600
$4,800,070
841,649
339,989
,
$177,200 $1,917,823
$33,012
22,8.30
3,000
1,000
5,610
5,377
18,757
7,413
2,373
13,373
100,372
373,243
27,150
$183,077
232,624
547.263
$1,970,847
1,303,075
3,475.53"
$3,732
11,593
52,925
2,069,541
719
$371,200
l,02(i,n72
Ot the above imports for the week in 1881, $17,923 were
gold coin and $2,758 Ameilcan silver coin. Of the
-.Am?-"''3,n
York.
Buy and
at current
sell all issues ot
Qavemmsnt Bonis, In large or small .amounts,
market prices, aad
will
ba pleased to furnish information in
reference to all matters connected with investments in
Government
Bonds,
We
are prepared to give informatloa in regard to flrst-class Railway
Seouritiea
and
Buy and sell
to execute orders for the same.
all
mirketable Stocks and Bonds on commission, at the
Stock Exchange or in the open market.
Germany
West Indies
Mexico
South America
Securities,
New
Since Jan. 1
Silver.
Great Britain
France
IN QOVERNJIENr BONDS,
And other desirable Investment
Exports.
Gold.
Total 1881.
Total 1880.
Total 1879.
the
$7,937,063
KXPORTS FROM
January
called to the card of the
is
in the
$19,853,901
37,950,393
a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending March 8, and from January 1 to date:
1
I
exports for the same time, $250 were American gold coin and
f 4,257 American silver coin. ,
$6,608,033
The following
Total s'ce Jan.
xxm.
$19,836,396
36,695,831
1.
Dry Goods
rvoL.
Bocelvo aceouuts of Baaks, Bankers, Merchants and others, au 1 allow
aad for those keeping aoeounts with us we
collect U. S. coupons and registered interest, and other coupons, dividends, &o., and credit without charge.
13*= We give special attention to orders from Banks, Bankers, Institutions and investors out of the city, by Malt or Teleairnpli, to buy or
.
interest on daily b.alance3;
Government Bonds, Stale and Kallroad Bond<, Bank
Stocks, Railroad Stock*, and other securities.
We have issued tho Eighth Edition of "Memoranda Concerniug Goyemment Bonds," copies of which can be had on application.
sell
FISK & HATCH.
MAfcn
12,
THE CHRONICLE.
1881.]
281
loss, the gain on some of the Southwestern roads has lieen
considerable, and (Vntral Pacific is conspicnong for an increase in
the two months of |!731,806.
Western Union Telegraph stock has sold ex-dividend, and the
company has declared a quarterly cn.'^h dividend of 1/^ Jier cent;
the large income in this quarter against the small income in the
most favorable months of October, November and December, is
cclculated to excite some comment, in view of the operatioiiH
which were going on in the company's stock at the dates whea
these quarterly reports were resjiectively issued.
The daily highest and lowest prices have been as follows:
show a
"~"~O^I V I D E N D A .
The followlnn dividends have rooentlv hccn aunounced
Xamc of Company.
Per
When
cent.
Pai/itblc
Railroad*
Clilc. St. P.
Uiibiiqiu'.
&
Minn. & Oiiialia prcf
Himix (Uty
]»4
.\l>rll
20 Marcli 31 to Apl.
April
115
Great Wcsti'iu of Canada com
3
Valley (Miiar.)
N. Y. Cent. Si IIiiil. Kiver (quar.).
N. Y. (S: Harlem eoui. aud pief
11-2
April
2
Ajirll
I,clii(,'li
Union
raeille (qnar.)
mscellaiieouBa
1\
American lUstrletTel. (qoar.)
Western Union Tel. (guar.)
From
Jlool;» Closed.
(Vai/s iiiclutiice.)
April
1 to
April
L!:i
l.")
^
Ainil
April
Marcli 20 to
Marcli 10 to Apl. 1!)
March 16 to Apl. 1
March lU to Apl.
April
Apill
April 2 to April
March 27 to Apl.
'.)
Cent.of N. J.. 105
l.".
Cent. Psclflc.
profits of city line.
MARCH
18S1-3 P. HI.
The Money Market and Financial Hitnatioii.—The markets
liave lately become accustomed to move from day to day in
Thi.s
accordanco with the latest advices from Washington.
week they have hung almost entirely on the question of a rewhich
had
deposited
national
banks
turn of the legal tender.s to
them for the purpose of withdrawing their bonds. The matter
11.
really does not appear to be essential, as the Treasury ha.s
already started the policy of purchasing bonds in the open
market, and there is no diffloulty whatever in keeping mon<>y
easy with sufficiently heavy bond purcha.ses. The truth is, that,
the stock market has reached a point where it is daily wanting
some new stimulus to force up or hold up prices, and the talk of
a flood of superabundant money to come on the market lias
been used as a lever to cultivate the idea of a still further
boom in stocks. At five o'clock to-day the new.s came
from Washington that the legal tenders would not be
returned to the banks. The view of the stock situation has
been wholly speculative, since the rate of money as between
very little intluence
3 per cent and 6 per cent has
on the prices of dividend-paying or other substantial
stocks, and the leng value of all these must depend on the
income of their respective companies and the general prospect
for business. In tnis respect, the great stock rise of 1880,
whether exaggerated or not, wa.s based on remarkably rational
ground.s, namely, the exhibit of a great increase in earnings, and
the claim that "the improvement was likely to extend into the
future. But now, since the year 1881 has opened with a serious
decrease in gross earnings from January 1 to March 7 on nearly
all the northwestern roads, and a much more serious loss
in net earnings, on account of the heavy expenses,
it
is attei.ipted to substitute the talk of a 3 per cent rat-?
for money as an element of buoyancy sufficient to compensate
for the loss of one-third or one-half the net earnings of
the railroads. This is quite irrational, and is much in the nature
of an alcoholic stimulant; it would appeal much better to the
sound common sense of stockholders to admit the fact of the
—
present loss of income, but say that it is temporary and that the
railroads have every pro.speot of a heavy traffic on the opening
of spring.
The money market, although well supplied with funds, has
been exceedingly irregular, and rates for call loans have ranged
all the way from 3 jier cent to 6 per cent plus 1-16 per day.
The outside rates were exceptional, and on all regular business
5@6 per cent is a fair quotation. Prime commercial paper is
4ull at 5>2 to 6 per cent.
The Bank of England .statement on Thursday showed a gain
of f 529,000 in specie, and the percentage of reserve was 48%,
against 46 3-lG the previous week the discount rate remains at
3 per cent. The Bank of France gained 2,825,000 francs gold
and lost 3,650,000 francs silver.
The last statement of the New York City Clearing-House
banks, issued March 5, showed a decrease in the deficiency below
the legal requirement of S587,275, the total deficiency being
$427,350, against $1,014,625.
The following table shows the changes from the previous week
and a comparison with the two preceding years:
;
1881.
March
.5.
Differ'ncea fr'm
previous week.
Loans and dia. $203.18.5.100 Dcc.l8,09i).000
Specie
Circulation
. .
Net deposits
.
Legal tenders.
Le,i?al reserve.
Reserve held.
ol..S91,100 Dec. 3,180,100
Ift.'tlS.oOO Dec.
733,100
274.112.600 Dec.22, 101,700
13,28'J,200 Dec. 1,708,300
$GS.G10.G.5O Dcc.$.>,520.17.5
63,1^3,300 Doo, 4,938,900
dcf. $127.3.50' Doc.
$.!.87,27.i
1880.
March
G.
1879.
March
8-
$247,674,200
16.915,200
19,236,000
213,293,100
40,593,800
$117,870,8.50 $53,323,275
70,185,100
57,539,000
$2n7,l3.5,.'i00
58,055,000
21,002,100
271,183,100
12,130,100
$2.3l4,.550|
$4,215,725
Kailro.td and Miscellaneous Stock.s.— The stock market has
been very irregular, and much of the time feverish. The chief
talk of the Street has been in regard to the money market, aiul
all was made to hinge on the point whether the banks would or
would not be permitted to withdraw the legal tenders. The decision was finally made against such withdrawal, but this was not
known till after the close of business hours. There seems to be
little prospect of tight money, however, so far as the Trea.surv
operations are concerned. A.side from the matters above referred
to, the principal influences bearing on the value of stocks are
the reports of current earnings, which are often unfavorable,
and the annual reports for 1880 now coming out, which are decidedly favorable. The report of earnings for February, and for
the first two months of the year, are given at length on another
page; and while the railroads of the West and Northwest usually
Monday.
March
5.
Tiutday,
7.
March
78
72
72
71
Am.ntst.Tel. 71
78
Amer.Un.Tel 78« 75), 77« 70
S.1V<
81.
8iS4 «2
Canada South. 81
l.".
Do
Do
108
10?
27
27K" 27%
27
Chlo.M.iSt.P.
l.)«
iin„
1"
Ml
•'
71
71
78
78}<
70W
71
H\%
1074, iimii
108M i».'%
i(j8t«
Mk
245,
87
8-^J
•86
87
27* 27Ji 27M
142
142
14^;4
«7«
''
1
1
lojj
mn
m
ltun.&8t. Jo.. X,
Do
pref 103
Hous.STex.C.
58
5i)
lOlS 10554 103«
10J?<
Illinois
Win ima
Shore....
jOuisv.JkNiish
Uanhitttun....
54
si-si
BSJi 511
120,'i!2H>.,[127«;2»4t .i»'4
llS 91^
U5
V-Vi
41
i\% 40
4IM le*
11« 12M 12
12X
Cent..
Int.&Gt.Nor..
,akeKrle&VV.
<alco
Miir.&C.lstpf.
Do
art
1339^ 134
m
Met. Klevatetl 121}^ 122'^ 122
.
111!^ 113*1
23
.Mobile* Ohio.
Mo.Kans.iT. 44«
24
40 <
Mor.iSc Essex.. IBll, la2
Sash.Ch.4.StL
N.y.C. k H. R.
N.Y.BlKTated
S.Y.l..K.i
W.
prof.
Do
M.T.Ont.*W.
Northern
Pitc.
Ohio Central..
Ohlo&MlBS...
Do
pref.
Paclflc Mail...
"2
120
122
244(;;
4.JJ4
4'lWl
122^^
aiw HO
y^^ sa
-.ion; losji
188JI
1S4K
V.t^
118
89l»
45
44
100
44)(,
102^
8M
25.1<i
&Kea<l'«
121
1(10
88
2514
kHii
89
551<
95'^
MH
411S
'2
7
120
Oi'4
80
7
ilI9«
89
08
69
131)^ 133
94
44>4
94
40
6S
4(1
UW
\agn
541^
64i«
91
91>,l
92M
38J<
»«>^
»7M
38>2
111<
llJl,
7U
90
VJm
am
M
UH
mUi 88
MH
mM
mi
'^^^
68
*....
28)4
49
'arr^^
89),
1463
llde
48«
86g
^l.
*i>\i
to3
S3
44X
6M«
220
01
65H
42« 42?*
45<^ 45^ •44
128
120
12814 125
mu
118K
inti
'^^
'^^
88
225
71
473
106
92
1223 I2mi 12m,
m%
43
87
2S
\aii'4
154
!llt.Ji 119
UVH 118
iiou
l!IUll.?.<;lllO(iIia
22^
23
23H, 23
44
45
43K
45J<i
W
233
68
ioijI
'.'*» 112X1 1.1«
12-ilJ 130
131
128)6 131
10514 102S< 105',4 103
101^
68
ma
H%
iioM
I21S
:i5« iXK
891* 9014 90
VO
HdKlis 147.K -.iSH Ufljf 147« 147 147«< I45'< 147 I45<.4
•128 127'^, 120
•1J« !80
127« v^^ii 127 127K •120
47« 48J« 47X
481^ i'i%
i\m\ i~Vk *Ki 4SK 49
Uft'4
88
80 <
88
H^'A m)i S9'l 80K 87.1< 88
88
:i7H ^'^
3«>4 37« 37H 8a>, 38?< 87.x 37
4744 49!* 48
M'/i 4S
48
51
i'»i 60h, 40«
-4
72
71
TiH 75
74« 75Vi 72 K 741* 7214
.Sl)2
»i'4
32
82 Vi
Sl^i 33
304(i 33V
4llJ< i^% 40x,
44
42>2
45.H
no 110
I09K 109'4
6844 8ej<
55J^ 57H 57
58H B6X 5814 aVi S9H 97
uo
OT
lU
IM
M68H m
MX 44W
,.7',
WU
W^
MM
«
i2IK ISHi
!01!»
SOU
10$
t:.=!4K
88
•212 228
225 223
85
67« 63« 8(1 '4
45« 43
44
125
123
12U
Do
pref. 122
:24Tt 123li
B4H 61M IKi'A
3t.I,.l.M.i8o. 81% «3% 03?« asH e2H 64W 83
43
43 43
43
43
43
43
3t.l..*S.Frun.
43iii
05
85
00 •.... 06
er,<4 asa •....
Do
pref.
•91
96
98
o:^\ «5«< 98
90
98
Do 1 St prf.
98
57
TOX.& Paciflc. 53M 57J(i 57M 58M Rtm 57W rMf 98
120-^ 123
12.1'*
122-5 124
121
Union Pacillc. 12241 121
49
ie% 48
Wab.St.L.A P. 45.^ 47
45T< 48'.«
48X
90
87« HV'i
Do
B0« 8Sl2 >*au 89
pref. SUM m-A
lIBJd 11711,
West.tln.'rel.+ WiH 11« UllSi tlTWdU^ 118« U6H 118
Phil.
St.L.A.&T.H.
•20
•....
2<M iSH 23>5
**H 15X 45
I22S 128
71
128« 1273 128K 1251i 127K1 129«I27a
ll:il<lllO)i iia
2i<4
V7H
112
120«;2i!4
133,'<
M
U«
7
7
85X
:17
i2sj« i2ij<; :22.3
139
181
'.M'.^
am
ma 8%
•Mi
182,^
1
7
24
58 '.^
38
65Hi 97^, 55
1U4.« 103
104^4 1031^ ilHli :04
56
urf.
.Mlch.Cetitnil
132
:»
27
H2
ia»« 1118109.
ia% 12^
.•
8fl
.'64
i
'
lusli
87
n\
Irt5li
:
\-i-i
1221< 14,:\ ;12114 i-i)» U'; .
.
i.as
X 135 Kill |::ll!4 131^ 184
Do
pref. iwi
C.R.l.&P.new 135 IIKI 1.1(1 13«'< 135 laij. I31«
fa'i (11',.
83)^ 04
Ch.St.L.AN.O. im<4 6.)
44^
Ch.St.P.M.iO 44.^ 45*^ 45)i 4n(, 44X 45
102;4 :(i2
i(it"4 lOOK 1()1« lOUj
pref. 101
Do
88
m\i HO'* Nl
89
CleT.C.C.*!. s^w
M'A 25
2:t« 2iH 23
Col.Chlc.tl.C. 24^4 25
lis
llliTJ'lU
Del.&H.Cuniil noiin.\%
\-4V4 \W)i I28«
[)el.l.ack.&w. vnii 129
127J4130
Denver* H.G. 103>j lOili 10.|!< 107 lOlHi 18" 109
Chlc.AN. W..
88
24M ^^IH^^
88
112
70W
71
79X1 79Wi 801,
82V<' 7U'4
BOX
24^ 24
88
Chic. * Alton. M2'ii U2!4'144
Chlc.Bur.,!fcQ '1110 1(17'.. Hill
mdnoit. Thur$day. F»itau,
March 0. March 10. March\U
81S
H7
1^
8.
mi
105
mu
21
'i4H
l»t prf
8dj>rf..
100
m^i
Hii
3BM 3nH
sflji
Ches.&Ohio..
FRIDAY,
Surplus
Saturdav
March
WtP'
43
43
94
04
UK
atii
4«(1
ef!H
89
120m 1223
j5«
HB!<117!<
• Tneae are theurices hid and a««ed: no >"itf was madrt ur. f h« (l.t^trd.
t Also sale! ex-cortiflcates as follows; Wednesday, 79Hi Thursday, 79)i®81!<;
Friday, 7«Ji@81.
Total sales of leading stocks for the week ending Thursday,
and the range in prices for the year 1880 and from Jan, 1, 1881,
to date, were as follows:
Range
Satef of
Week,
Shares.
Canada Southern
53,24-2
123,130
1.324
Central of N. J
Chicago
&
Alton
&
Chic. Burl.
Quincy
Ohio. MiL& St. P....
Do
rto pref.
Chic. ANorthw
Do
do pref.
Chic. Rookl.&Pac...
Chic. St. P. M. &0-.
Do
pref.
Col. Chic.& Ind.Ceut.
Del.
Hudson Canal
Del. Lack. & Westeni
1,037
184.410
1,332
82.4il.->
2,728
3,527
8,0.50
18,7.5.1
since Jati. 1 1881.
Feb. 25 90 Jan.
Feb.
821a Jan. 4 112
131 JFob. 25 156 Jan.
160 Feb. 20 1821a Jan
1011; Fub. 23 12414 Jau.
117 Feb. 23 132 Jan.
117 Feb. 25 136 Jan.
rnigFeb. 2ti 1471a Jan.
129 Feb. 20 142 Jan.
40% Feb. 2(i 51 Jan.
91 Feb. 23 1091a Jan.
19»4 Jan.
4 27^8 Jan.
8U»8 Jan. 4 115i4Mar,
107 Jail. 4 131 Mar.
44% Jan. 4 60 14 Feb.
94 Feb. 26 110 Jan.
124 Jan. 4 138 Feb.
38>3 Jan. 4 5913 Feb.
1 1 8
Feb. 25 135% Jan.
61I
21,683
70,290
110.638
Hannibal <fe St. Jo... 48,060
Do
do pref. 30.520
Illinois Central
8,273
3.9.50
Lake Erie <fe Western
102.610
Lake Shore
Ijoui8villo & Nashv..
33,015 79 Feb
.Manhattan
73,015 32^ Jan.
Michlfiaii Central
75,114 108 Feb.
Missouri Kan. & Te.t.
36,050 3938 Feb.
N.Y.(-^ent.& Hud.Riv
33,484 140 Feb.
N.Y. Lake E. .fewest. 116,210 43% Feb.
8.73')
1)0
do i>ref.
82% Feb.
3!).I10
32% Jan.
Northern Pacitlo
42,314 Oils Jan.
Do
pref.
Ohio & Mississippi
G6.750 3(ii2 .Jan.
Pacillc Mail
83,763 43.% .Ian.
Phlla. & Reading
60,735 50 Feb.
St.L.tronMt.iiiiSouth.
09,545 .32I9 Jan.
42 Feb.
St. L..S: San Francisco
1,0.50
200 61 Jan.
Do
pref.
310 90 Feb.
Do Istpref.
201,260 1031a Fob.
Union Paciflc
Wab. St. L. & Paoifle 43.170 39 Feb.
Do
do prof. 53.530 77 Feb.
Western TTniou Tel.. 183,970 80i« Jan.
&
,
.
—
Low. High,
Highest.
Lowest.
25 93
18 461a
25 12(!ia
23 5019
23 133
25 5278
25 95
13 51
25 77 le
4
4
25
4
25
4
25
25
23
467^
Mar
Feb.
Jan.
Feb.
Jan.
Jan.
Jan.
Mar
Feb.
Mar
40
I
17
5
20
17
19
1
2
2
GGh 114%
124i«
87% 130
H6I9
104
100 la 20\
99
2
9H!
7
|.<
21
1(1
11
H
20
.5
14
20
17
3
13
10
7
18
5
18
19
18
62 14 Feb.
73 la Feb.
66 13 Feb.
51 Jan. 11
71 Jan. 11
102 Jan. 28
1217fl Feb.
14
.-il^Feb. 17
01 Jan. 17
3 1201a Jan. 29
-26
90 14
43
99 1« 1591a
113 183 13
60
25
%
92\
68 Hi IIOI4
22^8 5078
CSHi 105
99 13 127%
20 14 42%^
95 139»8
77 174
5713
21
73 130%
28% 49 14
122 l!553a
30
51%
47
20
9313
39%
67ifl
36
23
4419
271a
131a
72%
62
34 13 66
25 14 48
33
65
HO 100
SO 113%
26% 48
51 14 88%
77I3 116%
United States Bonds. There has been considerable excitement in Government bonds, and jirices have been feverisli. The
uncertainty in regard to the Treasury policy has been the main
cause of this, and the report that the" remaining four per cents,
amounting to $104,052,200, might be .sold to retire the maturiag
sixes was construed by the holders of 4 per cents as a depressing
.
THE CHRONICLE.
282
[TOL. XXXII.
—
-Latett earnings reported
^Jan. 1 U> latest dale.—.
and weakened prices. A prominent dealer in GoyeraWeekorMo.
1881.
1880.
1881
1880.
remammg
the
all
selling
of
the
that
to
ns
remarks
January...
Southern.
$56,991
$35,401
Al».Gt.
$36,991
$55,401
ment bonds
a
be
should
F.lstwkJan.
151.000
90,000
Windom
Atoh.
Top.
&8.
90,000
151,000
Secretary
round
price
by
good
fours at a
20,438
21,587
21.587
20,433
purchase B08t.&N:Y. Air-L.January...
decidedly Htrengthening influence. At the Treasury
Feb
41.664
49,382
Bur.C.Rap.<feNo..4thwk
292,260
349,488
to
9,457
6,739
60,303
41,869
on Wednesday the offers to sell 5 and 6 per cent bonds of 1881
Cairo & St. Ixiuis.Sd wk Feb.
to Central Paciflc... February. .1,400,000 1,070,487 3,002,907 2,271,101
the Government for sinking fund purchases amounted
wk
Feb
106,002
1
1
.4th
3,972
949,531
to
Chicago
&
Alton
1,021,068
$14,483,350. SecreUry Windom accepted $5,000,000 6s at 103
31,547
20,802
155,731
Chic. & East. 111.. 4th wk Feb
241,851
,
influence,
The
closing nrices at the
New York Board have been as follows:
March March March March
Interat March March
6e, 1881....
6«, 1881....
..reg.
68,1881....
Ce, 1881....
4>s8, 1891..
4>S8. 1891..
is, 1907....
..reg.
7.
&. J.
&. J.
•102
*I02
•102
102
.coup.
..reg.
coup.
..reg.
coup.
cur'cy,
cur'cy,
cur'cy,
cur'cy,
6b, cur'cy.
68,
68,
6s,
6s,
This
5.
coup.
48,1907
*
Periods.
is
1895
1896
1897
1898
1899
&
&
&
reg
<Si
<Sc
the price bid at
The range
102
•10218 •102
102 14
-10218 •102
101 18 lOO'e 'lOO'a
'100
79
101 1« lOO's
•nils •111% •111% IIII4
•111
•IIII3 •111% llli«
*112l3|*11238 112
112
•129
'129
•13o
•130
J •130
J.
J.
J.
J.
113
•130
130
130
-130
•130
'130
•130
•130
•13C
•130
*130
•130
-130
•130
•130
•130
•131
•132
•133
•134
1*130
'130
«130
*130
nSO
moruing board
tlie
11338*113% 113
Range
no aate waa made.
and the amount of
1, 1881, were as follows
Registered.
Highest.
Lowest.
6s, 1831. ...cp. 101 1« Jan.
68, 1881.... cp. IOOI4 Feb.
4I28, 1891.. cp. lllig Mar.
3 IO214 Mar. 11 $156,875,.550
323,218,750
177,434,300
536,764,350
64,623,512
21 lOl^BJan. 28
10 113 Feb. 19
3 114 Feb. 18
4s, 1907.... cp. 112% Jan.
6B,cur'ncy.reg. 127ii Feb. 28 134% Jan. 13
|
1,
1881.
Coupon.
$44,680,450
146,101,900
72,565,700
201,800,700
Bonds.
147
25Metrop. Oasliglit Co
$2,000 Arlcansas State 7s,
issued to Little Roclc Pino
100 Manhattan Gaslght Co.. 189
Bluff & New Orleans RR.,
50 Pitts. Cinn. & St. L. KR.. 40
161
April, 1873, coupons on., lli^j
37 Home Ins. Co
98% $165 N. Y. Lake Erie & West.
100 Second Ave. RR
74ia
RR. income bond scrip ... 84
40 Mercantile lus. Co
Bonds.
$3,680 Chic. & N. W. RR.
$1,000 Jersey City
bond, due 1893
78,
conv. land grant certlf... 55
Impr.
Dubuoue& S.Citv February
East Tenn.V.&G.4thwk Feb
.
.
Cen. (111.) February.
(Iowa). February..
Do
February
Indiana Bl. i
Ind. Dec. & 8p ... February
Int. <fc Gt. North.. «h wk Feb
January...
Iowa Central
K. C. Ft. S.&Gulf.2dwk Jan.
Lake Erie <fe West.ith wk Feb
Little Rk. & Ft. S.January. ..
Louisa. ifcMo. R. .January...
Louisv. & Nashv-lst wkMar
Illinois
.
W
.
. .
.
Memp. & Charl. Ist wk Mar
Memp. Pad. &No.3d wk Feb.
. .
93,000 189,923
957.300 1,131,683
"
~
30,159
26,804
17,175
22,691
13,226
12,246
160,981
172,541
11,213
10,741
20,073
16,622
75.213
77,158
8,789
10.149
92,359
35,590
6,206
6,149
50.229
77,351
33,472
28,036
119.886 118,024
31.263
23,456
193,302 194,708
94,313
90,037
41,742
36,456
.52,167
83,159
421,235 487,269
71,616 126,537
89,<>60
83.261
33,602
57.953
33,'i2i
06,169
is.'ibs
27,003
26.834
13,615
49,800
55,800
31,500
47,200
213,900 146,100
32,000
24,216
4,026
4,269
50,403
42,888
81,026
72,459
211,353 204,094
178.143 205.634
'
Minn. & St. Louis. January
Mo. Kan.& Texas. 3d wk Jan.
February..
Mobile & Ohio
Nashv. Ch.& St.L. January
N.Y. L.Erie& W.January. ..1,443,437 1,296,381
N.Y.iN.Engl'd. January... 1S9.749 164.232
412,363
N. Y. Pa. & Ohio. January... 421,908
Northern Central. January... 386,156 334,494
26,952
23,960
Northern Paciflc .Ist wk Mar
6,.393
5,267
Ogd. &L. Champ. Ist wk Feb.
10,126
6,638
wkFeb.
Pad.&Elizabetht.3d
Pennsylvania ....January... 3,189,215 3,083,551
5,973
10,114
PeoriaDec. & Ev.4thwk Feb
224,303 224,307
Philadel. & Erie .. January ..
37.642
39,296
WkFeb
8t.L.Alt.&T.H. ..4th
14,526
13,600
Do
(brchs). 4th WkFeb
548,300 490,195
St. L. Iron Mt.& S.February..
50,400
46,858
St.L. & San Fran. 1st WkMar
39,915
38,191
at.Paul&Duluth. January...
35,300
38,000
8t;.P.Mlnn.&Man.let wk.Mar
6,201
6,054
1st wkMar
»cioto Valley
Texas & Paciflc February.
188.407
203,543
Wall. St. L. * Pao 4th wk Feb
40.784
31.531
Wisconsin Cent. .. 2 wks Feb.
.
—
State and Railroad Bonds. The Southern State bonds are
strong and tolerably active. Tennessees have been supported by
the expectation that a compromise of some sort will be effected,
and the proposition has been made hy the bondholders to take
new 3 per cent bonds for the full principal and overdue interest.
Louisiana bonds are in good demand yet for foreign account.
Railroad bonds have been more active, and the speculatives
irregular, in sympathy with the stock marihet. To-day's quotations wiU be found on another page.
Messrs. A. H. MuUer & Son sola the following at auction:
Shares.
& Del.4th wk Feb
Denver & RioGr Ist wkMar
DesM.&Ft.Dodge.ad wk Feb.
Clev. Mt. V.
& Pere Mar. February..
Gal.Har.& San A. 2d wk Feb.
GraudTrunk.Wk.end.Mar. 5
Gr't Western. Wk.end.Feb. 25
HannibalA St. Jo. 4th wk Feb
Hnust. & Texas C. 1 st wk Mar
;
Amount March
since Jan. 1. 1881.
.
Flint
in prices since Jan. 1, 1881,
each class of bonds outstanding March
Chic.St.P.Min&0.4thwk Feb
8t.Paul<fe 8.'Jity.4th wk Feb
Chic. & W. Mich 3d wk Jan.
3in. Ind.St. L.&C. February..
Cin. Sand, fc Clev.3dwk Jan.
Cin. & Bpringf. ..4th wk Feb
Clev. Col. Cin. & 1. 4th wk Feb
.
•10218
•10218
•101
•101
101>4 101
Feb. *101 '101
Mar. Ill's •Ill's
-Mar. •Ill's ilHl
-Jan. 112Sb *112>9
-Jan.
1131s 113»8
Feb.
reg.
reg.
reg.
reg.
11.
10.
9.
8.
Chic.Mil.&St. P.lst wkMar
Chic.it Northw.. February..
.
. .
. .
.
1,767.000 1,692,970
2,197,967 2,286,315
230,520
197,449
169,456
166,404
44,091
36.603
332,447
328,233
31,519
36,398
132,656
145.107
571,079
62,069
717,516
37,361
129,291
219,269
255.264
171,696
604,564
68,803
288,774
33,935
157,473
215,761
228,016
146,100
1,685,689
683,232
343,044
643,999
768,.502
954.713
899.034
253,721
191,289
170,458
173,?44
73.881
392,086
299,757
66,169
32,727
52,918
108,283
193,663
49.800
53,800
31,500
47,200
1,823,400 1,395,590
255,733
253,892
32,049
31.218
42,888
00,403
233,687
210,423
454,210
429.596
205.634
178,143
1,443.437 1,296,381
164,232
189,749
412,365
421,908
334,494
386,136
185,601
217,786
36,795
30,169
57,568
72.070
3.189,215 3,083.551
39,428
77.774
224.307
224,303
205,910
211,332
110,966
128,344
1,119.257 1,046,178
442,197
441.069
38,191
39.915
1,731,198
727,021
279,180
449,169
355,884
314,423
1.630,539
437,423
1,361,716
IO7I3
New York City Banks.—The following statement shows the
market for foreign exchange is quiet at the condition of the Associated Banks of New York City for the
depressed rate lately ruling, and gold is again moving this way week ending at the commencement of business on March 5
from London. To-day the actual rates were 4 79@4 79>6 for 1881:
bankers' 60-day bills and 4 81^@4 82 for demand.
Cables,
Avera^ amount of
4 82@4 82>6.
The following were the rates for domestic exchange on New
Banhs.
York at the undermentioned cities to-day Savannah, buying,
% premium, selling, ]4:@% prem. Charleston, buying, % prem.,
selung, ^ prem.; New Orleans commercial, 75 discount, bank New York
par St. Louis, 50 discount ; Chicago, par to 25 discount, and Manhattan Co.
Exchange.
— The
:
;
.
;
Merchants
Boston. 60c. dis.
Quotations for foreign exchange are as follows:
March
Mechanics*
Union
America
Prime bankers' sterling bills on London. 4791431480
Prime commercial
4 78 ®4 78ia
Documentary commercial
4 77i2®4 78
Paris (francs)
5 281833 25=8
Amsterdam
Bremen
9358®
93=83
(reiclimarks)
Coins.
City
4 81i2®4a2ia
4 80 ®4 80>s
4 79i2®4 80
5 255885 221^8
39%®
(guilders)
Frankfort (reichmarks)
Phoenix
Demand.
Sixty Days.
11.
94I4®
9414 a
94%
9418
4018
94%
94%
—The following are quotations in gold for various coins:
$4 83 ®$4 86
Silver 14s and 13s. — 99%® par.
Napoleons
3 83 a 3 86
Five francs
® — 94
X X Reichmarks. 4 73 ® 4 76 Mexican dollars.. — 92
88 ® — 89
X Guilders
3 94 -a 4 00
Do unconimerc'l. — 87 ® — 88ia
Bp»n'hDoi*Jloons.l5 65 *lo 80
English silver
4 72 ® 4 80
Hex. Doubloons. .15 50 ®15 65
Prus. silv. thalers. — 68 ® — 69
Fine silver bars
1 1214® 1 I314 U. 8. trade doUars — 99 14® — 99»8
Fine gold bars.
par a 14 prom. U. 8. silverdoUars— 99^8® parDimes & la dimes. — 99%® par
y. S. Sub-Treasury.— The following Uble shows the receipts
and payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week:
Sovereigns
—
.
Tradesmen's
Fulton
C^hemical
Merch'nts' Exch,
Gallatin Nation':
Butchers'&Drov
Mechanics'* Tr.
Greenwich....
Leather .Man'f'rs
Seventh Ward...
State of N. York.
American Exch..
Commerce
Broadway
Mercantile
Paciflc
Elepubltc
Chatham
People's
North America..
Hanover
Irving
Metropolitan
Nassau
Market
'St.
Nicholas
k Leather.
Shoe
Com
Balances.
Receipts.
Payments.
Mar.
5...
7...
8...
9...
10...
11
1,047,257 38
1,383,926 74
1,139,825 53
922,712 53
4.463,725 03
1,039,071 31
923,719 97
1,278,308 83
1,169,706 49
1.010,221 83
2,268,270 83
3,850,540 73
Bxchange.
Continental
Currency.
Coi7i.
Oriental
Marine
Importers'
$
88,841, 12i 49
89,529,493
89,450,785
89,413,694
91,649.934
88,917,269
05
09
98
11
32
...
Citixens'
$
4,425,4i:5
33
63
63
48
53
3,842,870
3,891,499
3,841,080
3,800,295
3,721,490 83
St
Tr.
Park
Mech. Bkff. Ass'n
North River.
Bast Kiver
Fourth National.
Central Nat
Second Nation'I,
Ninth National..
.
First National..
Total.
9,996,518 52 10,502,763 72
Railroad Earnings.—The latest railroad earnings and the
totals from Jan. 1 to latest dates are given below. The statement mcludes the gross earnings of all railroads from which
returns can be obtained.
The columns under the heading
" Jan. 1 to latest date" furnish the gross earnings from Jan. 1
to, and including, the period mentioned in the second column.
Third .National
.
N. T. Nat. Exch..
Bowery National
N.York County..
Germ'n Americ'n
CJhase National..
Fifth Avenue...
Geiman Exch.
..
Gei mania
Total
60.S75.800
Match
13,
THE CHR0N1CI.E.
ItSl.l
283
NEW
QUOTATIONS OF STOCKS A.KD BONDS IN
U.
S.
Bond* and
YORK,
Price* represent the per cent value, ia\atever the
active Railroad Stocks are quoted on a previoua page.
par may («
STATE BONDS.
BECITKmlS.
Class
Ts.iatK)
C.atoB
.
*
•SImIss. O. All. K. RR...
RR.
7s, Arkaiisiis CoiiLral
20
n
Asylum
12
11
10
—
New
iiOM
endorsed
.
.
noH
-
Kold
Louisiana— 78, consolidated
do
io:h
Chatham RIl
10»
10«
Special tax. class 1
class 2
do
class 3
do
CoDsol. 4s. leiO
'1(2.
do
18M7.
York-fls, gold, reK.,'87
68, gold, coup., 1887
6s, loan, ISKl
fls
new
St. Jo., 18Sfl..
112
117
107W,
or UnlT.,
Hannibal*
10
01 5<
ei"
do
no
112
due
*J
A.&O
ooup. off. J. & J.
do
coup. off. A. A O.
do
Fundlnxact. IHee
I8«8
do
109W
'DO
New
do IMSIl
do 1S112
do 18»3
North Carolina—«8. old.JAJ
bonds.
J.
&
120
120
VU
....
Bid.
South Carolina—
8*, Act Mar. 28,
Non-fundable
1860.
6s,
68,
iX^
12U
new
new
«o
«0
series
Vlrglna—6«, old
8«, new, IH60
68, new, 1H«7
HH 8s, consol. bonds
68, ex mutured coupon
J
31
SI
'.'.'.'.
B
m
«H
7
7K
8
B^ii
85Hi
116
ii"
6s, consol., 24 series
68, deferred
D. of Columbia—3'65a, 1824.
ROKlstered
Small
Ohlo-«e,188I
110
IBM i6w
102«
102
Funding Bs, 1889
registered
do
102
e«.l^
110
"
{'
Tennessee—6«, old
IXI
A.SiO
do
106
118
119
120
83
«8,
68,
6s.
socRiTm.
Aril,
Rhode Island—6a.ooap.*98-0
a*,old, A.AO
No. Car. BU., J.
:08
Fundlnn, 1SW-B5
104
Connecticut—«s
7s,
7s,
7s.
Bs.due IHKfl
8s, due 1HM7
8s, duo 1»«
6», dun 1«.SU or
1(16
e», 10.20s
BM.
BKCURITIZ8.
N. Carolina.- Continued
102
117
lot
1883
Mlssourl-ds, due 1882 or '88
go
80
Arkansas—<ls, funded
7s, I.. Rook i Kt. Sci.tt iss.
7», Mcmii. 4 li. K"ck KR
h. K V. U. 4 N. O. RR.
Oeorffla
Tin Mloblgan-Os,
72
. .
scccRrrisa.
Aik.
Bid.
Alabiuna— Clasa A, 8 tn B
Class A. 2 to 9, small
Class B,5s
'
BAILROAD AND BIISCBLLANEOVS STOCKS AND BONDS.
it ftusquoliiiniia
—
Albany
Atchison Tup. A Santa Ke.
Boston 4 N. V. Air I... pref.
Buflilo Pitts-
.
Central Iowa
78
I25«
Ist pref
4
2d pref
Alton, pref
4 Chio
Harlem
Ind Bloom. 4 Western
Keokuk 4 Des Moines
oref.
do
do
Louisiana 4 Mo. River....
Louisv. N. Alb.
4 Chicago..
Manhattan Bench Co
Memphis 4 Charleston
Mllw. I,. Shore 4 W., pref.
Missouri Pacific
N. V. New Haven A Hartf
N. T. Ontario A West..pref.
Peoria Decatur A Bvansv..
Pitts. Ft. W. A Chic. guar.
Bensselaer 4 Saratoga
Rome Watertown 4
8t. Paul 4 Duluth
Mini
130
do
pref.
St. Paul Minn. 4 Man .. ..
Toledo DelphosABurl
180
168
1S)»
United States Express
Wells, Fargo 4 Co
American Coal
4 Pacific Telegr..
Atlantic
Boston Land Co
Canton Co., Baltimore
Caribou Consol. Mining
Central Arizona Mining
Central N.
J.
I34M
142
A Mil.. 1st
Winona 4 St. P., 1st m.
2d m
do
C. C. C. 4 Ind's— Ist. 7b, s.
Chic.
tsu
Deadwood Mining
Bxcelsior Mining
Homestake Mining
Jerome Park Imp. Co...
La PlHtii Mining
97
108
117K
107)<
112
.
ISiJ'
110
110
12S)4
I2B),
111
128
118
123'
—
Syr. Bii «h.
133
72
S7H 68X
n7>t
4
S
B!^
30
S7>«
f
mortgage, 1891
extended
do
104)4
7s. 1883... .
Ext.. Ss. 1920..
stock EXi'txiuof P^-icff.
Alabama Central. 1st lis, 1918
Bait. 4 O.— 1st 68.Prk.b.l91«
Bost. U. A Krle— 1st
m
Bur, Ced.R.A North.-lst.Ss
Inc.
67
B7)i
88«
100
Mlnn.4 St. L., tst, 7s, guar :120
Iowa City 4 West'n.lst 7s
6a, gold, series B, int. def.
68, currency, int. deferred
4 Alton— Ist
Income
mort.
C—
and
82h,
I
And accrued
t
No price
to-day
i
grants, 7s
Pac—
.
108
108
107
C
3-6s. class
3-8s. class B,
do lst8s.Pelrce,C4<)
do Equium't 7s, '95
South Pac. cf Mo.— Ist m.
127)4 Texas 4 Pac.-lst, 6s, 180B.
•.08)»
96
1(!5°
108
Consol. 6s. lOOS
Income and land gr't. reg.
Ist Rio Gr. Div.. 68, 1830.
lis
120
119
liS
102
85
80
%'.'.'..
103
lue
»9B
120
128)4 131
:-28)4
r2S
12s
J124
123)4
121
mort
Cairo 4 Fulton, 1st mort.
Cairo Ark. 4 T.. 1st mort.
St. L. Alton 4 T. H.— 1st m.
2d mortgage, pref
105
107)4
102
108
103)* 104
US), 118
tho««
1st Ter'l Trutt. 6s, 1910. ..
W»b.St.L.4P.,gen..6sl920..
108)(;
109
lib
83
T.AWab..
1st St.
Ij.
7s of '79.
1st oxt.7s
dlv.7s,ex mat.cp.
2d mortgage ext.. ex coup
Equipment bonds, 78, 18^
4 Pere M.—8b,
Stock
Preferred stock
I'd gr't
.
Galv.Hous.4 H.—7s,gld.'71
R.4Ind.— lst,7s,l.g.gu
10M4 Gr'nd
1st. 7s. Id. gr., not guar...
KiS.SJ
107
1st. ex.
1.
gr..7s
Indianapolis 4 St.L.— 1st, 7s
2d mortgage
116
Kansas 4 Nebraska— Ist m
2d mort
ssk Long
Island— 1st mortgage.
do
3d mortgage.
Midland
of N. J.— Ist, new.
103
Income, "A"
106
do
"B"
Stock
N.J .South.— lnt.guar.,6s.'99
L.— l8t,79, n.
«7« N.V.4Greenw.
2d
do
Joseph 4 Pacific— Ist m.
2d mortgage
St. Jo. 4 Western stock
Soutb Side (L. I.>— l?t mort
St.
81>j
fcl
8:S
84)4
80
40X «0«
3
80
36"
80
72
IIS
107
81
103
64
8S
SO
83
18
13
37
96
45
15
80
66
28
100
87« 88
117)4
lllJi IIIW
113
111
RAILROADS.
Atlantic A Gulf-Consol.
110
110
fc7« 106
88)4 V9
110
101
102
108
116
118
m.78,ex c^
Hannibal A Naples, 1st is
St.L. K.C A N.R. E.A K..78
Omaha
Div.. 1st mort., 7s;
b., B.s. 1919
St.Chas.B'dge.lst. 7s. 1908
North Missouri. Ist m., 78
West. Un. Tel. -1900. coup.
1900, registered
Mississippi Cent.-lstm. 7b
.
2d mort.. 8s
Miss. 4 Tenn.— 1st m.. Ss, A
.
Ist
"
N. O.
mortgage. 88. B.....
A Jacks.— Ist m.. 8a.
Certificate.
'2d
.
mort.. 8s...
112
Norfolk A Petersb.— 1st,
1st mortgage. 78
2d mortgage. 88
111**
Northeast.. S.
8b.
C— iBt m., 8b
2dmortgage,8s
Rich. A
104'
Dan.— ist ccnsol.,68
Southw. Ga.—Conv .7b, '86.
*.... 1()6'
Stock
S. Carolina RR.- Jst m., 7s.
3tock. assessmt. paid ....
78, 1902, non-enjo! led
106
110
117)4
103
2d mort..
116
116
ue latest avotstlon* iim4« tliU week.
.
.
Non-m >rtg. bonds
West Ala.— 1st mort., 88
!123«
8s. gua.'
Western N.
I
lio"
68
88
51
114
98
87
20
IS
38
80"
17
86
58
31
106
C— 1st m.. 7s...
No qsatation to-di j;
103
104
118
118
120
B2K 64
+110
lis
114
116
110
108
10»< 108K
102
38)4
115
80
108
lis'
111
42'
Stock
93
102)4
110)i
Q.ATol., lst.'7s.'90,excp,
111.4 So. la., 1st
2d. 7s
56
Gt. Western. Ist ra.. ex cp
do 2d m.,7s,'93.ex cp
84
122
112
STATES.
116
118
108)4 110
110)4
1<)8
108
ids"
32
89
{Brokerg* ^uotattons.)
So.Carolina— Con.. 68 (good)
Browne cons
M.4S.
Texas-«s. 1892
78. gold. 189-2-1910.. J.A J.
7s. gold. 1904
J.A J.
Virginia— New 10-40s
108°
no
106
125
122
Sonthern Securities.
lio'
Consol. conv., 7s
Clarlnda
»
76
78,
.
Wab. RR.-Mortg.
12.'SHl
48
79)4
Chic 4 E. 111.-8. F.c'y 1807 106
Chic. A Southwest.— 7s, guar tl20
Flint
87.H
90
do Chic.(llv..5«.1910...
do llav. Div..68. 1910. 101
do T.P.4W..lst7s,1917 117
120
63
111
CIn.A Spr.— 1st, C.C.C.Al.,7s
104
m.,g'dL.9.4M.S..78. h'b' 106"
1st
It I
1SJ4 Erie 4 Pittsburg— 1st m., 7s +100
107
112
Con. mortgage, 78
121
80
equipment
82«
do Ist Tr't Co.ctf8.a88.
do 2d
do
ass,
Buppl.
do Ist
do
Br., Ist
6SJ4
RAILROADS.
Pennsylvania RR—
Pltt8.Ft.W.4 Chlc.lBt ip. 138
do
do
2d m..
do
3d m.. *128'
do
26
CIeve.4 Pitts., consol., s.f. 124
112
do
4th mort...
110)4 113
Col. Chic. A I. C, l8t con
do
2d con...
Arkansas
Ilia'
88
80
63
Boston Hartf. A E.— Stock.
Chic.4Can.So.— 1st ni..g..7s
110
let 68. 1893
111
Ist 8s. 1896
Denver Dlv.,8a,a88d,'9t 109
1st cons. 8s. 1919
Mo. Pac.lst cons. 8s.l820. tl06
Pacific RR. of Mo.— ist m.
do
do
mi
86
so
do Dayt.Div..68.19I0
Tei.4 St.L.,Ld a.,luc.,1920
iio«:
104
llO
117
II3?<
S127)i
"
Interest
8t.L.I.M.AS.-l8t7s,prf
2d 88. int.. accum'latlve
Tol.Delp.A Bur..lnc.6s.l910
78
82)4
B1>J
78
60
91
100
70
Hiscellaneons List.
Land grant bonds
Western Pacific bonds..
2d mortgage
St.L. 4 8.F., 2d 88.class A.
116
113
1
+
118
128
1:5)4 1:8
103
101
102
T2H
lio"
{Brokern' tjuotatlons.)
Oregon. 1st
Kansas
121)4
"
•Price* nominsl.
103
a**
107
77
'
Sinking fund
Jollet h Chicago, 1st m..
LoWs'a 4 Mo., 1st m., guai
do
2d 7s, 1900.
Det.Mon.4 T.. 1st. 7s.'1906
8t. L. Jack. 4 Chic. Ist ra. 117
Lake Shore Div. bonds.
do 1st guar.(5B41 78.94
cons, coup., Ist
do
do 2d M. (380) 78. 1898 lio'
cons. reg.. 1st..
do
do 2d guar. (188) 7b,'98
cons, coup., 2d.
do
Miss.Riv. Bridge, lst,8. 1,1)8 iiieii
cons. reg.. 2d
do
Chlo. Bur. A Q.-« p.c, 1st m 107
Louisv. A Nash.—Cons.m. ,7s
Consol. mort.. 7a
126
2d mort., 7s. gold
128J<
Sfl, sinking fund
ilOS
Cecillan Branch. 7s*Chic. Rk. I.A P.-«s, cp.,1917 123?< 123i«
N.O. 4 Mob.,lst«s. 1930..
68, 1917, registered
il24
K. II. 4 Nash.. 1st 8s. 1919
Ceok.A Des M.. 1st, g.. Ss. 103), 104
Gen. mort.. 6s, 1930
Central of N. J.— 1st ro.. '90. 118
1I8«
Nashv. & Decatur, Ist. 7s.
Ist consolidated, assent'd
L. Krle 4 West.-l st Bs. 1919
Convertible, assented
do
Sandy Ulv..8,f.l919
Adjustment, 1903
u'6
Laf. BI.4 Mun.— Ist 8s. 1919
Leh.AW. B.,con.,g'd,i8'd
Manhattan Beach Co. 7s, '99
Am. Dock A Impr.. ass'td 131 133" N.Y. AMan. Beao lst7s.'»7
Chlc.Mil.ASt.P.-lst.Rs.P.n 1211
Marietta A Cin.— 1st mort
.
I
118X 119
ll«i Cent. Georgia—Cons, m., 7b
Stock
lie'
Charl'te Col.4 A.—Cons., 7b
116"
2d mortgage, 7b
105
Stock
87
income
do
B. Tenn. Va. 4 Ga.— Ist, 7b.
eo
Belleville 4 So. III., Ist m. :113
Stock
iwli 109X St. P. M. 4 Manlt'a— 1st, 78. 110
10S)4 Georgia RR.—7b
110
2d mort.. 6s, 1909
108
6s
Dakota Ex. 8s, 1910
Stock
97)4 87«
110
Tol. Del. A B. r'ds. main 8s.
89
MemphlsA Cha'ston— lst,78
1st Dayton Div.. 8s. 1910.
do
.
102
B'villo. 1st Bs
Sinking fund
Registered. 88
Collateral Trust, 6s
89H
Ind'y. 7s
new bonds.
Cleve. P'ville A Ash.. 7s
Buffalo 4 Erie, new bds...
Buffalo 4 State Line. 7s.
Kal'ioo 4 W. Pigeon. Ist.
4
Land
113
109
III.Cent.—Dub.ASioux C.lst
Dub. 4 Sioux C. 2d div... lis'
Cedar F. 4 Minn., 1st m.. 126'
Ind. Bl'm 4 W.— 1st, pref. 7s
1st mort.. 78. 1800
2d mort.. 1909
Ind's Decatur 4 Sp'd 1st 78
Int. A Gt North. Ist 8s,gld.
L. Shore— M.9.4N.1., s.f.,7s
Cleve. 4 Tol., sink. fund..
BO
117
tlOS
lis
A
8t.L.Va.4T.B., 1st g.7s '97
109« no
do
2d '78. 1898
109
109^
2dgtd.78,'98
do
111
Rome Wat. 4 Og.— Con. Ist.
127'
126
St.L.Alron Mount'n— Istm
2d mortgage
2dC.. Mainline, 8«
2d Waco 4 N.. 8s
C.Rap. la. Falls 4 N.lst 65 107)^
Central lowu. 1st m.7s, 1899 !10«
Che8ap.4 O.— Pur, ni'y fund J104H
Chicago
.6s.l910
7s. 190S. ...
107
Bvansv. dlv.,lst 6s, 1020.
Railroads-
State Aid bonds
La Grange Ex
Ist mort., West. Div.. 78.
1st mort.. Waco 4 N.,78*
Railroati Bonds.
f'd
".stTerl rr.,88.1920
8. F. Sub'y Bs. 1910
12'J
108^ 109
2d mortgage.
A St. Jos.—8s, conv...
1st. m.l.,7s
H0US.4 Tex.
«1H
s.
South Pac. of Cal. —Istm.
Union Pacific— Ist mort..
.
llan.
4 Miss.- Constil.
Cal.
ill3)i
. .
12!
Ohio Central- inc.. 1820....
0gdb'g4L.CIiamp. Inc. 1820
do
small
do
Peoria Dec 4 E'vllle— Incfl.
Evansv. div. Inc 1920 ...
120
'
Btandara Cons. Oold Mining
Stormont Silver Mining..
Sutro Tunnel
ic'i"
SanJoaquin Branch
!2S
oth mortgage. 7s. 1888
127
Ist cons, gold 7s. 1920
Coal
SS2'
\\V»
Long Dock bonds
H.T.&Stralt8vllleCoalAIron
Buff. N.y.A K. Istm.. 1916 :27
N.T.4 Texas Land, limited S3'
8»M
N.Y.L.B.4W., new 2d 6s.
Ontario Silver Mining
J38X
do lst,con.,f, CP..7S
Oregon Hallway A Nav. Co. 1180
do 2d,con..f.cp..5s.08 t83
Pullman Palace Car.
141
Quicksilver
IBX Flint 4 P. Marq., M. 6s. 1920 80
Oal. Har'g4S.Ant'o.lst«s.
do
pref
62
1st
Nevada Central— 1st m. 8s.
N. Pac. bond cert. 6s. 1921.
112)s
New Central
Silver Cliff Mining
118W 120
N.Y.Pu.40.,lst Inc. ao. B-78.
N.O.Mob.4Tex.deb.sc..ltf30
Central Pacific—Gold bds.
118H
mortgage.
4thmort.
-.30
Pacific
lis
Coup.. 7s. '94
Reg. 7s. '94.
1st Pa. dlT.,coup., 7s. 1917
.Id
17
27
Istm., 78, reg
-V. Y. aievated-lst,'7s.l906
N.Y.Pa.40..prior lien 6s.'95
N.y.C.4N'n.Gen.M.,6.s,19IO
do
feorla Dec.
114)1
.
4»t
I
Panama
122
133
lis
N. Y., 1st, 7s
reg.. 7s. 1917
do
Albany 4 Susqueh.. 1st m.
2d mort
do
1st con., guar
do
Ren8.4 Saratoga. Ist.coup
1st. reg.
do
Denv.A R. Grande— lst,1900
1st cons. 7s. 1910
do
Den. 8. P. 4 Pac.lst 7s,190S
Erie— 1st mort.. extended.
2d mortg.. exfn Ss. 1919.
40
I38>«
ill
16
'<
do
Morris A Essex, 1st m
2d mort...
do
bonds, 1900
do
do
do
I
Ist m.. Springfield div
Ohio Cent., 1st m., 88, 1920.
construct'n iido'
do
78 of 1871 tUB
do
:24
con..g'd
do
1st
48«
Del.4 Uud. Canal— 1st m.,'84 lOOJi
47)4
loa
100
Ohio
.
Ch.8t.P.4Mln..lst6«.1918 Sill
N.Wisc. 1st M., 8s., 1930.. 112'
St. P.4 Sioux C.lst 6S.1916
Del. Luck. A W.— 7s. conv.. lis
126
MortKif«e7s, 1807
173
10»k lOT
Consolidated
2d consolidated
C. St.L.4 N. O.- Ten. Hen 7s tll2
jll2
1st con. 7s
C. St. P. Minn. A 0'aCons.8s. 104
Leadville Mining
Little Pittsburg Mining
Mariposa L'd 4 Mining Co..
do
do pref.
Maryland Coal
Montauk Oas Coal
122'
Consol. mortgage
U33X
Climax Mining
Colorado Coal 4 Iron
Consolidation Coal of Md
Cumberland A KIk Lick Coal
liis'
VX," 108
Peninsula, 1st m., conv...
I45«
1st
\MtiA Imp...
I
I21« 123
104
f'd.
.
ISO"
ISO
71
American Kxpress
I
108
bonds
Consol. bonds
Extension bonds
Ist mortgage
123
Coupon gold bonds
Iic8)«
Registered gold bonds.
lOtt
Sinking fund
registered.
do
*1«4'
Iowa Midland, 1st m., 8s.
Galena A Chicago, exten. lOlW
Hiscellaiieons St'ks.
Adams Express
122
Int.
Ogd..
do
122
122
122
Pt. Div., Bs. 1810....
A Northw.— Sink.
Chic.
121X
124
Bterl.
Elev— Ist.lHOh
Metropol. Elev,~2d6s. 1899
.Mich. Cent.—Cons., 78, 1902
Istmort.. 8s. 1882, 8. f..
.Metropollt'n
122
1st So. Minn, div.fls, 1910.
Istm.. H. 4 D.. 7s. 1910...
Chic. A Pac. div.. 83,1910.
Otn. Ind. St. L.
On. Sandusky 4 Cleveland
Clev. A Pittsburg, guar
Danbury & Norwalk
Dubuaue 4 Sioux City
Frankturt 4 Kokomo
I21X
.
148'
4 West
pref.
do
do
Burl. Cedar Rapids 4 No.
Cedar Falls 4 Minnesota...
do
do
Chicago
120
Spring. V'y W. Works— iBl Be
ICS
jOregon R. 4 Nav.— Ist, 6a.
87)4
l.>JCO.'«E HO.NDS.
'Central
of .V. J.-1808
128H
]Chlc.St.L.4.N.O.— 'id m. 1907
|Col.Chic.Alnd.C..lnc.7s.I8B0
Equipment bonds
Jll»"
iCent. lowu coup, debt certa.
88.1909
Mo.K. A T.— Cona.a88..1804-8 106M ;07 iL.St.P.A .'W's L. Gr.,In.6B.'98
84
Cnlc.4 East'n III.. Inc..l907.
2d mortgage, inc.. l9ll
Ind's Bl. 4 W'n-Inc. 1818..
H. A Cent. Mo.. l8t., 1890.
Mobile A Ohio—New m., 68. 108 10!'4i Ind's Dec. 4 Sp'd. 2d Inc..
118
Int. A Gt. Northern— 2d Inc
Nash. Chat. 4 St. L.— 1st 78
t04j< 103
N. y. Central-8s, 1883
Lob. 4 Wilkes B.Coal-1888
111
88,1887
Ij»ke Erie 4 W'n-lnc.78.'98
104'
68, real estate
do Sand'y Div..lnc.l820
104
Laf. BI.4 Mun.-Inc 7. 1888
6b, subscription
Moblle4 0.— Ist pref. deben
N.T-C. 4Uud., 1st m.,cp. 132
132)4
Istm.. reg
do
2d pref. debentures
HadB. R.. 7s. 2d m.. s.f .,'85
3d
do
Canada South., Ist, Int. g. 100
4th
do
131
132
Harlem, Ist m., 7s, coup.
N.Y.IjlkeE.4W.InO. 6s.l977
[Mar.4Cln.— Ist mort.,
Chic. Mil. 4 St. P.-Cont'd
2d mort., 7 8-10, P.D.,1898
Ist m., 7s. $ g'ld.R.n..)902
Istm., LaC. I)lv.. 1893.
istm., 1.4 M-. 1K97. .
ist m.. 1.4 I).. 1»9«
istm.. C. 4M.. 1803....
Con. sinking fund. 180B,
2d mortgage, 1884
1st m.. TsTl.A D.l'Ixt.,lB06
S.-west div.. 1st 6s. 1900.
1st 5s, I.aC. 4 Dav., 1919.
Railroad Stocks.
(Acttce tirfmouttlu quoted.)
105
108
ISO
115
108
115
102
103
103
S»ii
117
86
lis
lis
43"
108
ill
lis"
110
117
no
128
lie
103
no
no
106
24
100
66
117
117
103
Iat«et •»!« this
10^
115
115
110
2«
no
eo
us
lis
loe
we«k^
I
THE OHRONICLR
284
NEW YORK LOCAL
[Vol.
ZXZIL
SECURITIES.
Inanrance Stock List.
[Qastatlons by K. B. BaiLST. Broker,? Pine Street.}
Net
Capital.
Surplus
.Ian. 1,
18K1.*
Last Paid.
1680.
America*.
Am. Exchange
Bowery
—
American
+ 60
American Exch lOO
Broadway..
Butchers'* Dr.
OhBBe
Chatham
Citizens'.
City...
Chemical
ContIn(*D!al
—
Flnit
Fourth.,
Fulton
Gallatin.
German Am."
German Exch.'
.,
..jlw
Hanover
lmp.& Traders' 100
1
50
Irving
Island City" ...I SO
Leather .Wanuf. 1100
50
Manhattan*
.
Marine
Market
i
I
'.
lioo
100
Mechanics'
M«ch. Assoc'n
Mech'lcs & Tr.
Mercantile
Merchants', ..
Merchants' Ex.
Murray
25
I
'*
10
10
to
20
10
18
20
18
20
20
20
10-72 10
132,245 12
11
] .425 N'ne
SO
50
10
10
.7an., '81. 5
.Tan., '91. 5
.Tan ,, '81.10
Feb., '81. 8
Ian.. '81.10
Jan., '81. 5
Veb.. '81. 5
.Jan., '81. 5
.l-aly
'77. 5
—
300,000
3,000,000
100,000
1,000,000
2,000,000
200,000
800,000
750.000
700,000
.
Ulll*
2.'50,000
lOJs
,
11th Ward"....
Fifth
Fifth Avenae*.
1
100
640,073 14
70.41,2 10
447.577 20
333,121 20
218,(570 20
483,«10 I'iO
300,000
.Ian., '81. 5
|)«,599 18
lb" ib"
200,000
Continental., t 100
1,000,000 1,258,138 18 40 13-65 13-77 Jan. '81. 7
Oc-., '80. 7W 210
15
40
15
Kagle
300.000 B01.090 '20
.Tan., '81. 3H 95 llOO
74,087 10
10
7
Empire City.... 100
200,000
Feb. '81. 5 100 110
ii6,59fl 10
10
30
10
KxciianKC
200.010
120
-laD.,
SI. 6
.,
1S8.170 15
15
15
DO
Farraj^nt
200,000
Jan., 'Hi. 3)^1 9E
05.248 10
17
7
Firemen's
204.000
lOS
.Jan., '81. 5
H4.071 11
11
10
Firemen's Tr.. 10
150.000
110
117
Jan., '81. 5
145,219
7
11
Franklli.iKmp 100
200,000
'81. 6
180
Jai.,
180
lb"
10
1.112,429
10
(iernian-Amer, 100
,000,000
156
160
Jan., '81. 5
14
12
50 1 000.000 842,087 22
Qerinaula
110
jJan.. '81. 6
12'<>,0«0 10
10
10
50
Globe
200,000
-Ian., '81, T„ 890
'JIO
30
SO
25
Greenwich.,
200.000 338,192 30
89
6'< Jan.. '81. 3
70
22,701
7
tluardian
100
200,(KXi
133,'.;51
12« I2>i .la '., '81. 7^ 140 150
Ilamlttou
15
160.000
155
160
Jan., 81. 5
10
50 1.000,000 830,827 }!« 20
Hanover
80
90
Jan., '31. 5
43,118 10
10
10
50
Hoffman
200,000
157
161
Jan., '81. 5
10
10
100 3,000,000 l,85l).24ll 10
Hccie
2,244 10
N'ne 'an •79. 3>4 80
25
IfO.OOO
Hop?
14»,80t( 10
i« 10 IJan. '81. 5 112
60
Howard
500,(X)0
95
Ibd
Jan., 81, 5
78,77S 10
10
10
50
Importers'* T,
200,000
70
Jan., '81. 5
19,168 10
8W 7
100
Irving
200,000
145
Mar., tK) 5
10
30
.lefferson
200.010 303,380 10
195
Ian., '81.10
207,372 20
20
150,000
Kings Co. (13kn) 20
55
2,297 S
9
N'ne Jan. '79. 5
Knickerbuc!<Hr 40
280,000
lis
108
'81. 5
97,030 16
14
IJan
10
Lalayette(Bkn) 50
150,00c
100
95
'81.
27,857
Jai.,
.*
10
10
5
10
100
200.00(,
Lamar..
76
7,561 10
July, '80. 4
10
9
25
160,000
Lenox
...
Un., •81. 6 1V2 130
162,032 18
13
10
»X),000
LonglBl.'Bkn.t 50
60
10,5»J 10
70
5
July, '80. 4
8
25
300,000
LorlTlard
137
14S
12
Jan., '81. 8
12
200,000 192,813 12
.Slanur.ft Build. 100
105
no
530,55) 10
Jan., '81. 5
10
10
250,000
Manhattan
100
160
170
20
Jan., '81. 7
12
200,000 233,204 20
Mech.&Trad"r« 25
I'lO
170
ItW.IVl
20
Jan., 81. 7
14
150,000
.Mech'lCB'(Bkn) 50
»i
90
Jan. •81. 4
30,150 10
10
10
200,000
,\lercantlle.
50
120
126
13
Jan. •81. 5
145,374 16
10
200,000
Merchants'
50
112
'81. 5
118
71,298
12
10
Jan.
10
200,000
(Bkn)
50
Montauk
•30
160
Jan. •81, 7
149,332 '20
14
200,000
Nassau (Bkiyn) 50
IIU
121.1; 46 10
10
Jan. '81. 5
10
il
National
ST^i 200,000
165
'81 5
160
15
322,828
20
10
210,000
Equitable
35
N.T.
110
'81.
98,686
14
12
Feb.,
a
10
200,000
New rork Fire 100
as
1.000 N'ne
N'ne
200,000
N. Y. & Boston 100
70
80
17,122 N'ne 5
300,0fl0
sa Jan., '81. 3'4 ISO
New Vork City 100
190
12
Jan., '81. 7
13
500,000 616,643 11
50
Niagara
8
Oct '80. 4 llO
100,488 10
8
350,000
North lilver.... 25
230
20
Jan., '81.10
20
200,000 428.874 30
26
Pacinc
IIS
120
12
Jan., •81. 8
12
200 000 1U9.091 12
100
I'ark
193
200
203,86>< 20
'M
Jan.. '>'1.10
18
150,000
Peter Cooper... 20
105
105,698 12
12
115
Jan., •81. 6
11
200,000
50
People's
125
10
Jan., •81. 5
50 1 000,000 348.454 15
Phenlx
8*
38,o:8 10
96
10
Jan., •81. 5
10
200,000
50
Belief
70
•81.
86,434
5
)au.,
8«
7
3K
300,000
Republic
1 100
ISO
20
166,673 10
Jan., •81. 7
20
200,000
25
Rutgers'
175,141 8-23
V'.3 12-46 Ian., •81.6-23 125
200,000
50
Standard
114
10-<,803 12« 12
n^H
Jan., •81. 5
10
500,(K)0
100
Star
24,475 10
Au< •80. 3i4 70
200,000
8H 7
00
Sterling
115
136.C82 14
10
Jan., •81. 5
10
200,000
25
Stayvesant....
<.06
83.09- 10
10
10
Jan., •81. 5
300,000
25
Tradesmen's...
123
Jnn., '81. 5
10
250,000 227,'*i5 12
25
United States.
150,>'U8 10
110
10
10
Feb., 141. 5
3S0,<'0O
10
Wflslchester,
205
30
20
Ja:i., •bl.lO
250,000 449,571 20
SO
..
Metropolis*.
Metropullta
158,000
300,000
210.000
Commercial
...
Germania*
Greenwich*.
2(X),<X)0
17
20
70
Columbia...
Corn Kich'ge*.
SastKlver
2f>
...1
Clinton
Commerce
400.000
200,000
300.000
liroaiway
Brooklyn.
Central
CIMzena'
City
2!i
itowcry...
..
..
Nassitu'
New Ycrr
N. T. Couaty..
N. Y. N. isxch.
Ninth
No. America*..
North Klver*.
240,000
300,000
422,700
Oriental*
PaclttC
Park
.
100'2,000,000
25 412,500
20 1.000,000
People's*
Phenlx.
Produce*
Republic
lSi5,0'
,
1,500,0011
600,1 '00
St. Nicholas...
Seventh iVard.
Second
Shoe & Leather
300,000
300,000
500,000
200,000
B00,000
Sixth
State of N. r..
Third
100 l,COu,000
Tradesmen's... 40 1,000,000
nalon
50 1,200,000
1
West Side*
100
200,000
The figures in this column are of rtite Djc. 31, 18S0,
and of date December 11, 188.), for the State banks.
Gaa and City Railroad Stocka and
u
i
Bonds.
WllUamsbg C
[Gas vtnotallons by George H. Prentiss. Broker. 19 Uroad street.!
• Over all liabilities. Including re-Insurance, capital and scrip.
1 3arplut Includes scrip.
Gab Companies.
Brooklyn Gas LIghtCo
Citizens 'Gas Co (Bklvn)
do
bonds
Hatlem
Jersey City
60
20
60
100
A Uoboken
Manhattan
.
Ketropoiltau
do
ctjrtitlcates
Mutual, N. ?
V
bonds
Nassau, Brooklyn
do
scrip
1,000
25
Va
People's (Brooklyn)
.,
Central or r*ev Kurk
50
50
WUIlamaburg
do
bonds
Metropoli tan, liruoklyn
Municipal
do
Fulton Ma-
H
tWnotatlons by
Quar.
1,000,000
l,<KXI,00l)
1,000,000
A.t
0.
M.&N.
3.0.)0,f)00
760,000 m"&n.
50 ',0001
fl
Gra.vt. Broker.
14?i
900,000 J. 4 J.
694,000 J. & J.
e,ioo,ooo CJ-J.
1,000 1,500,000 J.4D.
Brooklyn City— Stock
10 2,000,000 Q-F.
Ist mortgage
1,000
300,000 M.4N.
roadway (Brooklyn)— Stock ..
100
200,000 Q-'.
rooklyn & Hunter's Pt.— St'k,
100
400,000 A. to.
1,000
300,000 J . * J
1st mortgage bonds
J
Bushwick Av.(Bklynl— Stock.; 100
600,000 J & J.
lOO 1,800,000 Q-JCentral Hk.N.S E. i.lv.— Stock
Consolidated mort. bonds
1,000 1, '300,000 J. A u.
100
6; 0,0;
F.& A
Christopher 4, Tenth St.— Stock
1,000
Bonds
250,000 I.& J.
Ist mortu:ige
f
Dry Dock E.B.& Batfry-Stock
100
l8t mortgage, consoliduted .. 500&C
100
Eighth Avenue-Stofck
1st morteage
1,000
4Ed St. ilirand St. Kerry— St'k
100
1st mortgage
1,000
Central Cross
Town— Stock
....
lat niortgiige
Houst.WoslSt.iPav.K'y- St'k
1st mortgage
Second Avenue— Stock
3d mortgage.
Conflol. convertible
Extension
Avenue— Stock
1st mortgage
Third Avenue— Stock
Sixth
1st mortirage
Twenty-tliird Street- Stock
lat morf..'ai.'e
Q
l.'.!00,000
900,000
1,000,000
,1
stock
Imorjvement
^
100
CO
ConsollJated bonds
do
BrO"lway.l
Jan.. '-1
7
J'lj-,l«0o 105
Jan., ''•1 122
July, '8i:i03!<
Feb.. '81 165
Nov., '8iil02
Jan., 'S'.iUO
Oct., '801 9-j
1888
102X
3
2
7
2«
Nov.,
'SOi
110
June,
'03
U2
Jan., '81 175
100
Nov.,
170
110
Apr.,
Snwtii/n— Local
Nov.190)
10
<
7
7
July.
'94
-
81
95
lApr,'8s
1"'J
102W
net., '80 104
Sent. '81 101
Feb., '81 16>
J'.iy,
'iHi
no
Feb.,
'81
180
Jniy,'9fi li'8
May
g,
8
g.
7
3
do
do
do
do
do
ft J'jly.
do
Quai-frly.
May
ft
November.
Guy nonas
18C
115
Kings Co. bonds
do
do
Park bonds
110
Bridg'-
New
l
Bridge bonds...
water loan
'
1901
1898
1894-1897
1889
ISHO
1901
1888
1R82
1896
1894
ftNov'o'n'ier.
do
do
do
do
do
January
do
li
ia* .r'em
100
1880
1890
108
IS«3-tS90 104
LSJi4-l!)llll08
1.484-1900' 112
November.
May & November.
Water loan bonds
118
Jaiuary
do
do
do
do
ao
do
May
•10
ft
ft
July,
lo
Jo
do
do
do
do
ViT,
\U
127
107
115
do
January * July.
do
do
101
107
lilU
I'2»
l'«
12U
IDU
118
no
n«
us
108
118
1'22
i'2a
107
102
115
122
108
105
IIB
123
ID'iO
I Oil
IW
1881
102
103
St.]
1P80-1S83 I02H
lho8-18Jl|l07
1915-1924 i:r
1M00-19->1 137
1904-1912 137
1-W8-1902 107
108
118
1)0
102
lsSu-if>*J
LSSO-l-^So 114
1924
,134
140
140
12«
116
111
118
127
1907-1910 121
I2S
l.>**l-l-^90
November.
Ask
•AllBrooKlyn btmds Hat.
108
101
!02«
[Qootatlona by C. Zabbissib,
4;
Montgomery
St.,
Jersey City.]
106
112
Feb 'SI 140 160
May, 'M 1C5 112
but the date of maturity of bonAa.
,
8
do
P..rkbonds
1110
SO
....
5
7
8
ft
Bid.
Feb.,May, Aug.ftNov. 1907-1911 lis
lOH
1898
1*0
do
1895
116
do
do
8
City bonds
115
i'lo
var.
var.
var.
May
7
7
6
7
8
7
«
do
do
do
do
do
do
6
R
due.
May Aug.* Nov
Feb.,
6
5
[Quc'ations by N. T. Bebes, Jr., Broker, 1
Feb., -81 165
J.4J.
MAN.
stocfts,
170
110
130
100
103
100
40
I
* 'rniauuiumn shuws lost dividend on
ConsolKiatel
Asses me nt
nan
li'O
I-^OH
I
Q-J.
1.'50,000 A. so.
1,000
1.000 .1,050,000 M.&N
O0*c.i 200,000 M.&S.
100
750,000 M.4N
1,000
BOO.OOO I. ft J.
100 2,000,000 tJ-F,
1,000
,000,000 J ft J.
100
600,000 F.4A
1.000
250,000
-.i
110
lOoJi
do
25
1(18
-
1869
....ISIS,
do
New Consolidated
Westchester County...
Jau., '81il03
n-r.lH02!ilH
7
2)^ Feb., '81 90
F.
t D.
200,000 .m!&n'.
250,0001.
500,000 IS
500
100 '1,199,500
110
2
600,001)
100
22
2
7
5
7
—
Street imp. stock
1
203,000 J.dkJ.
748,000 .M.&N.
230,000 A.&O.
1,000
For*.'
1841-03.
Water Block
Croton water stock.. 1JW5-D1.
..1S53-60
do
do
Croton Aqued'ct stock. 1865
pipes and mains...
do
repervoir bonds
10
Central Paik bonds. .1853-57.
..1853-65.
no
do
1870.
Dock bonds
1-7S.
do
186n-68.
Market stock
125,000 M.&N.
460,000 .".& A.
100
100
100
BleeckerSt.&Fult.Ferry-St'k
Ist mortgage
1,000
Broadway & Seventh Av.—St'k
100
miB
M.&N.
700,000
Bonds
Months Payable.
1,000,000
1,000,000 ;.* .1.
-37 ,000 M.ftN.
1,000
100
INTKBBST.
1,000,000 M.ft 8.
5,000,000 Quar.
1,000,000 F.& A.
Var
1,000,000
bonis
Iclpai
IQnotatlons by DA.fiiL A. IIobax, Broker, 27 Pine Street.)
M &s.
i ,500,000
.
100
10
1,000
Var.
'.
Bondi
Bonds
r.
100
do
Now York
C>tr Secnrltlea.
Var,
Var,
315,000 i,*t),
1,850 000 f.AA.
750,000 (.* J.
4,000,000 r.& J.
26 2,000,000
20 1,200,000
i,eoo
Jerney City^
-Walei loan .long
do
1869-71
Improvement bonds
Bergen bonds
January ft July.
January ft Juiy.
a J. and J ft O.
January and July.
J.
1868-S9,
1C6
IE95
1899-1902 112
189'.- 91
1(18
107
1900
108
114
110
108
\
UAKcn
THE CHRONICLE.
12, 1881.J
285
XTniled Stales
Union Pacific Railroad
Kansas PuolHo Railway
luujesttnjeuts
LSV
STATE, CITI AND CORPORATION FINANCES.
$33,539,312
Interest accrued tbereon
The Investors' Supplemest contains a eonptele exhibit of the
Funded Debt of States and Cities and of the Stocks and Bonds
of Railroads and other Companies.
It
published on the lust
is
month—viz., February,
and December, and is furnished
of every other
Saturday
August, October
cJutrge to all regular subscribers
Subsidy Bond*.
$27,236,512
0,303,000
$26,050,250
1«8S repaid by transportation ... 13,922.281
BlUs payable
,...
Coupons and dividends duo Jan. 1, 1881
Balauce duo couuccting roads
Audited
bills, pay-rolls,
12,133,971—$15,073,497
$2,331,277
1,982,874
38^,744
1,042,070
&o
April, Jane,
without extra
of the Chronicle.
Single copies
are sold at $2 per copy.
ANNUAL REPORTS.
$6,317,9«7
I«ssoa8b on hand
$2,734,598
Balance due from station agents
2,003,533— 4,828,132—
and foreign railroads
Interest accrued, not yet due
Income iwoount, surplus earnings
Income used for sinking funds
Lund income
l,Hl9,(i34.
782,720
2,521,877
434,000
843,200
«18S,105,541
Union Pacific Railway.
year ending December 31,
1880.)
{For the
At the general meeting of stockholders of the Union Pacific
Kailway Company, the former board of directora was re-elected,
except that Augustus Schell was chosen a director in place of
Carlos S. Greeley, of St. Louis. If Mr. Jay Gould has parttul
with his large interest in Union Pacific, as the Boston papers
iare so frequently asserted, no evidence of it is seen in the
the result of this election. The names of the present directors
ar«: Sidney Dillon, Elisha Atkins, Frederick L. Ames, Ezra II.
Baker, 8. "H. H. Clark, F. Gordon Dexter, David Dows, GreenTiUe M. Dodge, T. T. Eekert, Jay Gould, Solon Humphreys.
Eassell Sage, Wm. L. Scott, John Sharp and Augustus Schell.
At a meenng of the new board the following officers were
chosen: President, Sidney Dillon ; Vice-President, Elisha Atkins;
Secretary and Tre.-vsurer, Henry McFarland; Assistant-Secretary, A. H. Calef ; Assistant-Treasurer. Jamea M. Ham.
EARNlNGa AND EXPENSES.
The following is a statement of the earnings and expenses of
the consolidated roads for the year 1880, compared with the
roads in 1879, prior to consolidation:
Earnings.
1880.
$5,171. ill
1879.
PsssenKers-Govemiiicnt
$4,236,860
109,927
PrelRlit-casli
10,.'J72,80.5
PftBsengers-cnsU
FreiKht- Govern meut
Freiglitr-comuany
MaJi
t
Bxpresa
MisceUaueouB
Total earnings
2:i-4,C10
13,10li,010
4Gi).023
443,435
1,051,154
635,712
496,218
381,142
l,34'2,.i72
71'.J,;it9
081.818
430,333
$18,040,200
$22,455,134
4638i(x,
46»«ioo
Expenses, ratio per cent
Exptnses.
1880.
$2,132,002
3.583,453
841,417
1,984,772
1,100,670
473,108
1879.
$1,.")50,833
Conducting transportation
Motivepower
2,706,055
639,091
Moiutcuance of e.irs
Maintenance of way
Benewal
1,701 ,535
816,853
510,709
438,758
of rails
Qeneral expenses
Taxes
$13,204,416
$11,910,015
•
Net earnings
Income from investments
—
370. 1 22
040,030
is
the general balance sheet, Dec. 31, 1880:
ASSKTS.
Cost of road and fixtures at consolidation
Construction expenditures since consolidation
Equipment exi>euditiues since consolidation
$153,548,8
447.415
747,313
1
$151,743,620
Investmitnls.
I
!
of
,133,950
nuerest on United States bonds, in excess of
sinking fan J reiiiuremouts
117,301
tE. Total
'
Bonds
I
Bonds,
$lg5,165,,-)n
(p.ar value),
ij.
J,
133,000
;
.$16,191,204; stocks, $17,608,011.
slocks, $2,873,000.
I-IABILlTlEg.
Capital stock
$50,762,300
Funded
Debt.
Union Pacific Railroad
Kansas I'acitie iiailway
LesK amounts held by Messrs. Gould and
8oge, trustees cousoUdateu mortgage
St.
RR
Joseph Bridge Building Co
RR
Utah.Soullicrn RR
Utah Southern RR.
Utith Western RR
Utah Central
Extension
1,330,544
756.220
113.000
128,000
64,000
3,959,200
4,012,000
240,000
226,700
357.100
853,400
400,000
530,000
846,000
650,000
2,439.000
4,012.000
240,000
288,000
638.000
784,000
975,000
10.000
600
Denver South Park & Pacltl.i RR
Denv. So. Park & Pac. KR. Con. & Land Co.
Wasatch & Jordan Vallcv RR
300.400
12,000
10.000
RR
Manhattan Alma & Kurlingams RR
Louis Council Blufts & Omaha
Hastings & Grand Island RK
1.9.500
St.
319,000
1,500
1,000
150,000
55,000
Las Anim.as liridBO Co
Union Depot Co., Kansas City
Occidental & Oriental Steamship Co
Topekalron Co
Grand Island Precinct Bonds
Bauerville
&
Loadville Toll
375.000
638.000
25.000
Road Co
Joseph Union Depot Stock
Atchison Colorado & Pacific KK
Manhattan A Blue Valley KR
Echo & Park C ty RK
Kansas & Missouri Bridge Co
C. C. RR. Julcsburg ExtcDsiou
32.000
1,000
St.
llO/XKJ
500.000
280.000
4261600
0,911
1,125,000
1,125,660
$17,606,011
$10,304,264
Total cost, $19,507,615
Securities held by trustees of consolidated mortgage bonds:
Bands.
Stocks.
$720.0'.'0
$970,000
Junction City & Fort Keamey RR. . ..
528,000
Denver* Boulder Valley KR
57S.00O
2,001,000
Salomon RR
60,000
60,000
Caribou
Boulder
<t
RR
Golden
94,800
National Land Company
.
$2,133,000
$2,875,800
Total
LAND INCOME ACCOUNT.
Net proceeds. Union Paeillo land grant, 1880 (176,201 acres ^
$869,346
per
acre)
ataveragcof $1 82
Net procfcds Kansas Pacific laud grant, 1880 (100,382 acres
at average of *4 03 per acre)
Net proceeds of other lands and
268.417
8937,704
19,754
lots
$957,518
109.312
Total net proceeds for the year
Deduct net proceeds for the month pf January, 1880
Leaves net proceeds since Feb. 1, when accounts were consolidated, as per oalancc of "Land Income" account, gen$948.20(1
eral balance sheet
St.
Louis Iron Monntain
&
Southern.
{For the year ending Dec. 31, 1880.)
The report of Mr. Henry G. Marquand, the acting President
of this company, shows that in the j'ear 1880 the gross income
from all sources except sale of lands was $15,265,597, showing an
increase of $922,930. The general operating expenses were
$4,075,226, being at the rate of 65-04 per cent. These have
been unu.sually large, owing to the policy adopted by the board
in first-clas^ condition as rapidly as possible.
at a cost of $569,098, exclusive of rails, was greatly
improved during 1880 ; 102 miles having been laid with steel.
The total amount expended in construction was $799,746. The
company bought and built during the year 72 new cars and one
They
officers' car, paying therefore from the' receipts $05,788.
leased also 1,750 freight cirs, 12 passenger coaches and 20 locomotives, with the privilege of purchasing, paying towards their
cost $217,819, exclusive of interest payments on sa^ne. The
equipment thus arranged for has been mainly by means of car
trust bonds, sold under the authority of the board the amount
is IS.'IS.OOO, redeemable in seven years, and when paid the
equipment will be the property of the company.
The number of acres of land sold in Arkansas during the
year was 65,915. at an average of $3 43 per acre. The cash
receipts fnr lands sold in Missouri during the year were $0,015,
and in Arkansas, $164,299.
The Memphis & Little Kock is now working in harmony;
and the Missouri Kansas & Texas being also under the same
management substantially as the iron Mountain Road, their
rates will be kept up.
put the road
The road-bed,
Bonds and stocks of this ciimpany bought in
and owned by the company
319,562- 22,013,127
Land Department Assets.
Union Pacific Railroad (laud grant)
$4,533,807
Kansas Faoillc Kailway (land grant)
1,830,3726.381, 1>50
Material on hand
1,S77, •JOO
Balance
1,530,200
to
Bonds and stocks of other conipiinic-i which connect Trith
and contribute to the earnings of this Co.'. $19,507,613
Bonds and ^toeks of c-ounecting roads held lu
trust by Messrs. Gould and Sage, trustees
consolidated mortgage
Josepli* Western Hli
Joseph & Pacific RR
Kansas & Ncliraska RR
St. Joseph ,t Wesl'n Receiver's certificates
Marvsvillc & Hlue Valley RR
Colorado Ccntriil RR
UUih & Northern RR
Ijiwrencc & Southwestern KR
Salina A Southwestern KR
3110,000
St.
Ht.
2^4,2 10
<to.
$13,201,416
Following
$786,000
Kan.sas Central RR
Central Urancb Union Paeitlc
Bond*.
$1,572,000
480,000
stocks.
Omaha A Republican Valley RR
Omaha Niobrara ,t Black Hills KK
4;i9,007
$10,545,119
$8,368,830
$9,671,420
$11,910,015
INCOME ACCOCST DEC. 31, 1880.
$5,174 ,473
To Interest on bonds
114,315
Discount, interest ami exchange
4:14.000
Sinking fund requirements
1 779,Mii
Amnuiit due the United States on the business of the year.
5,015.738
per cent on $50,762,300
Dividends,
2,656,078
Balance forward
Total e-^pcnses
Surplus earnings
in connecting roadsDividends on stock
Intercot ou bonds
Prem. on bonds sold, profits on iuvestm't securities sold,
Statement of bonds and stocks of other companies owned
by the Union Pacific Kailway:
$53,589,000
39,095,624
$02,984,621
10,301,510— 82,623,1
;
Work was commenced on
1
last.
A
the Louisiana Branch in August
work on this line, a. d
large force has been ordered to
THE CHRONICLE.
286
Net earnings in 1880, as above, $1,453,458 improvements,
$119,357
paid on account of new equipment, $102,758 ; surplus of earnings in 1880, $1,231,342.
From the surplus earnings, as stated, there was appropriated
^863,964 for interest on the bonded debt, and the directors
ordered to be paid a dividend of 3)^ per cent, amounting to
$157,500, on the first preferred stock. This was the first dividend declared by the company since its organization in 1876.
there is good reason for believing that it will be completed
to the Louisiana boundary, a distance of about seventy-flTe
miles, in time to move the next crop.
The extension of the Texas & Pacific Railroad west of Fort
"Worth is progressing very rapidly.
An arrangement has been entered into with the Louisville &
Nashville Railroad for pro rate Texas traffic on fair terms,
which has been accepted by both parties as satisfactory.
The opening of the Pine Bluff Road to Little Rock will bring
Pine Bluff in direct relations with St. Louis and prove a com-
mon
;
;
EARNINGS AND EXPENSES OF MAIN LINE AND IIRANCHES.
Oross earnings
Freight
benefit.
The opening of the Texas & St. Louis Railroad, now building
from Texarkana to Waco, is referred to as being open to Corsicana, a distance of about 205 miles, as a line that will add to
the business of the Iron Mountain Railway Company.
In reference to the income bonds of the company, the President says that they have been very unsatisfactory to the holders,
being of irregular amounts of various dates, and the interest is
payable on the declaration by the board of directors. If the
company decides to spend large sums of money on the property,
it is, however, accuthe interest might be delayed for years
mulative, and must sooner or later be met. Yet the uncertainty of payment is such as to preclude all expectations of
any proper credit being given to such income bonds. The
company has concluded to advise the isssue of a fixed interest,
5 per cent consolidated mortgage bond, fifty years to run, and
to retire these income bonds as early as practicable, as well as
to retire bonds of all other issues, and provide for certain
improvements. The total interest on the contemplated issue
win be only $1,604,300, against $2,065,359, the yearly interest
now on outstanding bonds.
Comparative statistics for four years, compiled for the Commercial AKD FiNAHciAL Chkoniolb, are as follows:
owned and operated
Earnings—
Total gross earnings
Operating Expenses
1879.
685
685
..
1,108,668
3,208,749
183,005
1,027,884
3,282,898
203,539
981,151
4,103,665
207.795
4,500,422
4,514,321
5,292,611
$
553,718
736,464
839,909
238,429
Mainteuauce of way, &c*.
Maiutenanoe of equipment
603,760
805,420
924,895
234,290
2,368,520 2,568,365
2,131,903 1,945,956
52-63
56'86
Total
Netearnlngs
operat'g expenses
Total
Gross expenses—
Conducting transportation..
Motive power
Maintenance of way
Maintenance of cars
General expenses
Total
Neteamings
and leased
1,268,874
4,697,047
299,676
1877.
RfCeipts—
—
Miscellaneous
4,075,226
2,190,371
65-01
1879.
..
1880.
$
$
2,300,555
2,190,371
$
$
$
1,740,207 1,814,600 2,222,194
390,199
167,027
40,438
667,800
32,825
84,660
379,257
2,831,031 2,066,287
699,129
120,331
2,083,899
71,037
-
163,823
2,641,889
2,318,759
341,334
128,388
* Includes taxes on Arkansas trust lands, $61,942
car trust expenses, $64,177; equipment, $17,463 bad debts, $19,465, &c.
;
;
GENERAL BALANCE AT CLOSE OF EACH FISCAL TKAB.
1877.
1878.
1879.
1880.
Asteia—
Boad and equipment
44, 960,735 45,237,716 45,694,903 47,321,485
Real estate
753,582
3,742,908
_ 656,977
3,648,008
320,564
241,383
198,311
208,458
432,366
1,116,081 1,236,415
5,000
604,827
acc'ts receivable
Materials, fuel,
&c
CasUonhaud
Income account
Miscellaueous items
Total assets
598,313
3,556,473
506,630
242,313
386,892
1,577,753
111,675
3,407,968
493,408
365,822
244,184
1,706,142
656,677 * 671,472
51,028,147 52,335,184 53,219,959 54,322,156
LiabUities—
Stock
$
$
$
$
'.
21,471,151 21,469,101 21,458,961 21,459,8"!
Bonds (see Suitlement). 25.909,000 25,909,000 30,068,658 30,078 810
Certfs.it unfuud'd coup'us 2,440,125 2,438,165
108,210
Is'^O"
Bills payable & other ao'to
430,415
539,029
489,019 1,727'205
Iiiterest accrued, &c
777,456 1,979,889 1,095,111 tl,038',117
Total liabilities
51,028,147 52,335,184 53,219,959 54,322,156
This includes $585,108 of Arkansas lana trust notes.
t This Includes— Ou sundry coupons due but not presented,
$17 061
Cairo & Fulton first mortgage, $276,500 8t. Louis & Iron Mountain
first mortgage, $116,666; do. second mortgage, $70,000
Cairo Arkan
gas & Texas first mortgage, $8,458 Arkansas Branch first morteaep
"S^ge,
$14,583 ; on income bonds, $534,678.
*
•
;
;
;
St.
Louis
& San
Francisco.
{For the year ending December
31, 1880.)
The annual report of this company, just issued, states that the
busmess of the company for the year 1680 was the largest since
Its organization.
The following is a condensed statement of
the result of operations, compared with those of the preceding
Main
line
and branches—
Gross earnings
Operating expenses
General expenses
Improvements
Taxes
Ket earnings
$205,285
$1,163,448
$1,534,922
$723,943
$948,494
43
2,542
Increase.
43
18.5,884
240,745
53.731
38,296
$586,428
lines:
6,265,597
2,992,056
2,300.555
56-54
1878.
1,945,956
$
Other interest
Disc'nt on cons, mort. bds.
Lands
and
$302,184
297,650
439,581
78,548
45,483
$
" Negotiations for building the Western Division of the At& Pacific Railroad were pending at the date of the last
annual report, and agreements providing for this result were
684.896 1,276,516
942,692 1,259,735 entered into Jan. 31, 1880, with the Atchison Topeka & Santa
1,073,846 1,277,340 Fe Railroad Company and the Atlantic & Pacific Railroad Co.
290,622
261,635 This company held, or has since acquired, 195,591 shares of the
$
2,131,902
Disbrirsemente
Interest on bonds
Bills
$1,672,437
Decrease.
"ATLANTIC & PACIFC BAILBOAD (WESTERN DIVISION).
INCOMB ACCOPNT.
Total diAursemeuta
Balance, deflcit
$2,698,370
Pr. ct. of expenses to earn'gs
Including extniordinary disbursement on road, &c.
Neteamings
424,101
44,100
44,758
5,077
1879.
$1,378,364
228,368
25,853
32.232
7,620
lantic
—
Transportation expenses..
Geu'l expen,^ e and taxes.
ct. of
1878.
685
1880.
.$2,180,332
The increase of the bonded indebtedness for the year has
been as follows: $639,000 equipment bonds of 1880 (7 per cents,
the principal payable 8 per cent yearly, beginning June 1, 1882),
issued to pay for new equipment contracted for and delivered
during the past year; $1,350,000 trust bonds, issued for the
purposes of constructing the roads of the St. Louis Arkansas &
Texas Railway Companies (of Missouri and of Arkansas respectively), and to purchase $200,000 of Joplin Railroad Company
first mortgage bonds outstanding, bearing interest at 10 per
1880.
685 cent, payable quarterly. The latter, which were embraced
in the previous report, have been bought and canceled.
The President's report gives the following as to the branches
KABN1NG8 AND EXPENSES.
$
$
Passenger.....
Freight
Mail, express, &o
P.
1877.
—
Passenger
Mail
Express
Misoellaneoas
;
Miles
[Vou xxxu.
1879.
$1,672,437
723,943
14,907
78 384
33,160
$900,426
1880.
$2,698,370
1,163,448
39,141
119,357
42,322
$1,453,4.58
Increase.
$1,025,932
439,504
24,233
40,973
9,162
$553,031
& Pacific Railroad Company, and
has transferred and delivered to the Atchison Topeka & Santa
Fe Railroad Company 97,795>6 shares of the same, as called for
by the agreements. All of such shares fexcept 65 shares to qualify directors) have been placed, for 30 years, in the custody of
three trustees, but subject to the further action of the directors
of the two owning companies (the St. Louis & San Francisco
and the Atchison Topeka & Santa Fe). All future issue of the
stock of the Atlantic & Pacific Company is to be delivered one
half to this company and the other half to the Atchison Topeka
& Santa Fe Company, and the total authorized amount of the
same is one hundred millions of dollars. These companies
have entered into a traffic agreement with the Atlantic & Pacific
Railroad Company, pledging the appropriation of so much of
the gross earnings derived from traffic interchanged by each
with the Western Division of the Atlantic & Pacific Railroad,
up to 25 per cent of the same, as may be necessary to meet any
deficiency in interest upon the first mortgage six per cent
bonds of that company, issued and to be issued, to the extent
of $25,000 per mile upon said Western Division, extending
from the Rio Grande to the Pacific Coast. This appropriation
is to be in the nature of a loan to be returned by the Atlantic
& Pacific Company with interest." * * »
" The first mortgage six per cent bonds of the Atlantic &
Pacific Company have been sold to the amount of $10,000,000,
and the work of construction and equipment is being prose*
»
*
cuted westwardly from Albuquerque."
capital stock of the Atlantic
" ST. LOUIS
WICHIT.V.
& WESTERN RAILWAY.
" The cost of this road upon completion was
*
•
*
so greatly in excess of the original estimates that it was found
best to procure an issue of income bonds, which have been
delivered to this company, and are shown in our statements.
The lease of this line of road will ultimately be found valuable and profitable.
" ST. LOUIS ARKANSAS & TEXAS RAILWAY.
" After a personal examination of the route, I submitted a
plan for building a road from Plymouth Station (285 miles from
St. Louis) southwardly to Fayetteville (a distance of 70 miles),
which was approved. But for the unusually long and severe
winter this road would now be fully completed.
" Two corporations were formed (one in Missouri and another
in Arkansas) under general laws, and with the title of the St.
Loiiis Arkansas & Texas Railway Companj^.
Contracts were
made with each of these corporations, by which thisJ company
received $1,100,000 first mortgage seven per cent forty-year
bonds, and is entitled to 10,475 shares of capital stock
($1,047,500), the entire amount issued save sufficient to qualify
the directors. The bonds were lodged with the United States
Trust Company, and we received the certification of an equal
amount of our first mortgage six per cent trust bonds, the proceeds of which are applied to the cost of building the roads.
The roads will be operated for the present under a lease." * *
'•
The amount paid the Missouri Pacific Railroad Company
for train service, trackage, &c., between St. Louis and Pacific
Maech
THE CHRONICLR
13, 1881.J
and at those places for the jrear was $264,567." The
President advises the building of an independent line into St.
LoniB.
287
BOAD AND
(37 miles)
racoju; Ac-count
fbom January
1,
1880, to
decbhbsr
31, 1880.
$705,949
157.500
105.021
To bonded Interest
To dividend N«. 1, first preferred stock
To aiuoniit duo leiuied iiues
To sundry expenses— salaries, Ac
39,14
$1,007,613
To
Interest accrued but not
due on bonds
to
December
31,
101,254
1880
$1,108,8(!7
289,973
To balance.
earnings
Less operating expenses, improvements and taxes
$1,398,810
$2,638,370
1,325,128
Total net camlnES
mlleaA'o— leased lines
$1,373,242
13.5G8
By total ffTOSS
By
By interest
By iuiU'OYoment
11,2.52
77(!
$1,398,840
289,973
Bj balance.
Miles owned
Miles leased A cont'd
1877.
E<tUIPHENT,
1878.
1879.
1880.
160
152
170
152
170
152
170
317
322
322
322
151
Total operated
OPERATIONR AND FISCAL RESULTS.
Operaliont—
1877.
1878.
1879.
18S0.
Passengers carried..
1,402,692
1,380,303
1,530,879
1,913,784
Passenger mileage
25,726,768 24,122,837 25,888,514 29,880,642
2-724 ct«.
2-714ct«.
Rate p. pass. p. mile.
2-42U ct«.
2-327 cts.
6,160.171
Freight (tnH) niovt^l.
5.803,371
7,9-20,8«6
9,460,229
Fr'ght (tns) mlleaife. 277,752,734 280,236,742 404.192,701 401,004,45e
1-135 cts.
Av. rate p. tn ii. mQe
1013 cU.
•810 eta.
-894 eta.
.
Eamingi
$
695,430
219,518
657,006
2,837,599
228,851
627,927
3,272,302
207,720
4,131,008
misc..
Total gross cam'gs
Operating expense*
Maint'noe of wuy.&c.
Maint'nce of etiulp..
Transnortat'n exp'ns
Mlscelluneuus
4,070,388
3,723,456
4,107.949
5,090,387
844,165
964,847
862,698
74,215
735,258
943,367
862,794
63,078
715,619
698,206
1,124..565
1,371,903
1,121,252
2,745,925
1,324,463
2,604,497
1,118,959
2,861,941
1,246,008
698,177
Passenger
Freight.
f...
MaU, expr.
&
3,1.52,693
—
Total
Net earnings.
,
223,049
950,021
05,730
63,817
3,255,268
1,795,119
IXCOME ACCOUKT.
The present mileage
is
as fellows
1877.
:
Miles.
292(!
Pacltio to Seneca.
Grandby Branch
1-5
PeirocClty to Wichita
218-5
12-6
Jopilu Branch (including Belt Road)
Joplin to Girard
Carbon Brunch
Plymonth to State
367
35
32-4
37-4
line
State line to Faycttevllle (under construction)
This company is also operating the road of tho Atlantlo & Pacific
Railroad Company, from the terminus of its own line at Seneca,
Missouri, to Vinita, In tho Indian Territory, a distance of
Being a
total
mileage owned, controlled and operated of
Receiptt—
Net earnings. .
Interest
Other receipts
Total inconio
Diiibur$emenl»—
Rentals pd. I's'd lines
Interest on delit
Intercut on equlpm't.
6350 Dividends
MiHcellancous
Bait. &.
340
6690
Potomac
1878.
1879.
1880.
1,324,463 3 1,118,959
211,179
184,814
65,770
180,343
1,246,008
148,339
200,901
1,705,119
132,512
1,575,047
1,510.481
1,595,308
2,091,428
410.592
849,540
95,273
405,492
894,930
78,865
370.907
895,140
77,775
157,936
ld6;298
63,200
1,513,341
61,706
1,485,585
24,896
1,416,142
1,806,533
179,166
284,895
103,797
I
9
(2)
int.
Tot.disbm-semcnts.
Balance, surplus...
396,967
898,000
55,130
116,048
113,834
196,494
Consolidation Coal Company.
LAND DEPARTMENT.
The average prices per acre" for lands sold, as compared
(JPbV the year ending December 31, 1880).
with previous years, have been fairly maintained. The two
The President and directors have submitted their report of
largest sales of the year (made to Scotch and Canadian colonies), the business of the company for the year ending Dec. 31, 1880 :
aggregating over one hundred and fifty thousand acres, are The gross receipts from mines, railroads, rents, Ac, (includnot included in this report.
$2,265,639
ing value of stock of coal on hauil). were
There were on hand December 31, 1879, 607,470 acres of Total expenses of every kind (exclusive of interest and sinking fund), but including iron and steel rails and all extraPacific lands.
The sales for 1880 amount to 64,745
acres, for $204,700, or an average price of $4 09 per acre. Of
the land thus sold 50,516 acres belonged to South Pacific
account proper, and brought $189,736 ; and 14,228 acres, for
the debenture account, brought $74,963. The number of acres
of these lands returned to the company by cancellation of sales
during the year was $38,284. The balance of lands remaining
on hand December 31, 1880, was 581,009 acres. These two
accounts (the South Pacific and the debenture) have now been
merged into one.
There were on hand December 31, 1879, of lands acquired by
the company under the Atlantic & Pacific grant, 295,661 acres.
These sales during the year amounted to 7,138 acres, for $19,440. There were 440 acres acquired from the Government, and
200 acres were returned. The number of acres returned to
the company during the year by cancellation of sales was 4,519
acres, and the balance remaining on hand December 31, 1880,
was 293,282 acres.
There are contracts for lands sold, outstanding, in value as
follows South Pacific contracts, $356,512; debenture contracts,
$221,378 ; Atlantic & Pacific contracts, 59,211 ; total, $637,101.
South
i
:
1,771,515
ordinary outlays
Net receipts
The interest on the funded debt for the year was. $156,900
61,514—
Sinking fund for the year 1880
Leaving balance to the credit of profit and
loss
$494,123
$218,414
on December
$275,708
31,1880
BUMMABT.
Balance to credit Of profit and loss Dec. 31, 1879
Balance to credit of profit and loss from business of 1880 ..
.
Total
as shown by report for
the year 1876, after dividend of January 1, 1877
$87,633
275,708
$363,342
Fr«m which deduct the deficiency
1880
Final balance to credit of profit and
From which deduct dividend for ths year 1880, payable
January 27, 1881
loss Dec. 31.
19,794
$343,548
286,250
$87,298
Leaving balance to credit of profit and loss
The company also holds as a cash asset $100,000 of first mortgage bonds of the Cumberland & Pennsylvania Railroad,
acquired in 1875 bv the payment of $98,600 in cash from earnings, as mentioned in previous reports.
MINING AND THANSI-ORTATION.
Northern Central Railway.
Tont.
(For the year ending Dec. 31, 1880.)
Mined and delivered from the Consolidation Company's mines
483,692
In
the
year
1879
The President, Mr. G. B. Roberts, states in his annual report In the year 1880
568,244
that the net income above all charges amounted to $625,843.
84,552
The coal tonnage of the main line in 1879 was 1,185,145 tons,
Increase
" The preceding exhibit shows a considerable increase in the
and in 1880, 1,375,792 tons. The coal tonnage of the Shamokin
Branch in 1680 was 978,022 tons in 1879, 972,875 tons— showing business of the company and an increase in the output of the
an increa.se of 5,147 tons. The coal tonnage of the Elmira & entire region, which is an encouraging fact in the face of the
Williamsport Railroad in 1880 was 800,432 tons, and in 1879, active competition of lower-priced steam coals, both foreign and
695,519 tons.
domestic. * * * During the past year the company had
While the tonnage mileage shows an increase of 14 278- made large extensions and improvements in the mining depart1,000 per cent, the gross receipts increased 26 242-1000 per cent. ment, which will enable it hereafter to meet promptly the
The average receipts from freight on the main line, leased increasing demand for its product. These improvements liave
lines and branches were 894-1,000 cents per ton per mile
the also accomplished some important economies in the working of
cost per ton per mile was 549-1,000 cents an increase of only its mines. All the expenditures incurred in making them are
009-1,000, notwithstanding the increase in the cost of labor and included in the expenses of the year 1880."
;
—
;
material.
The terminal facilities at Baltimore were improved during
the year by the construction of a pier at Canton two hundred
feet long and one hundred and twenty feet wide.
From the profit and loss statement, it appears that, in addi_
tion to the net income, there was credited in the account during
the year the sum of $47,792 profit realized from the sale of
securities.
The board thought it wise to debit to this account
$46,200 depreciation upon certain securities held by the company. It was also charged with $196,493, being the amount
paid the Penn.sylvania Railroad Company in settlement of the
amount due it on account of the joint guarantee of the bonds
of the Baltimore & Potomac Railroad. The total net credit to
profit and loss December 31st, 1880, was $187,708, as compared
with a debit January 1st, 1880, of $97,186— this result being
reached after meeting all the above-mentioned charges and
declaring a dividend upon the capital stock of two and onehalf per cent. The company is now entirely free from floating
debt.
American Coal Company of Alleghany County, Md.
(For the year ending December 31, 1880.)
Received for coal sold and delivered, earnings of canal boats,
rents
and Interest
*^A?'§io
2i,l\^
Coal on hand, value
Total
Canal and railroad transportation
Mining, superintendence, labor.&o
Shipping expenses, AJex'drla Bait.
Taxes
$490,648
&
*?®I'?o^
115.030
28,876
Jersey City
March
Bond and scrip interest to
Salaries, office and contingent
1, 1881
expenses
Legal expenses
"'SJ^
11,729
^^'?ki
\o\—
46J,587
---
$27,056
Gains, 1880
*207,943
Surplus. December 31, 1879
27,056Ad(l gains, 1880
Deduct depreciation on boats and other property
$225,357
Present surplus
The
coal sent
from the mines
$234,899
9,54^
in 1890
was 125,043 tons.
THE (JHKONICLE.
288
OBNERAL INVESTMENT NEWS.
American Rapitl Telegrrapli. — At a meeting of stocklioldere
company in tliis city, this week, it was voted to increase
capital stock to 5*10,000,000 and to extend its lines to the
principal cities in the United States. The directors at a subsequent meeting requested the Treasurer to offer the $G,000,000
of mcreased stock to stockholders of record of the 15th inst. pro
rata at par, the right to expire on the 25th inst. They also
authorized the President and Executive Committee to make
contracts for extension at once.
of this
its
Chicago Mihvankco & St. Paul— Sioiix City & Dakota
^Dubuqne & Southwestern. A Milwaukee dispatch says
"John W. Gary, general solicitor of the Chicago Milwaukee & St. Paul Railroad Company, has returned from
Yankton, Dak., where he has been to perfect the arrangements for the purchase of the Sioux City & Dakota Railway, a bit of road 131 miles in length. He also attended to
the purchase of the Dubuque & Southwestern Railway, fiftyseven miles long. The stockholders of the Sioux City & Dakota
road met at Yankton, February 21, and voted unanimously to
transfer their road to the St. Paul Company. The road rung
from Sioux City to Yankton, with a branch from Elk Point to
Sioux Falls, 131 miles of road. On the 22d a deed of conveyance was made by the Sioux City & Dakota Company, in pursu-
—
—
fv^oL,
xxxm
INTERNATIOKAL & GEEAT KORTHEEN RAILROAD.
Additional first mortgage 6 per cent gold bonds ($400,000)
issued upon 40 miles of completed new road, making in
all
au
b
^
$6,424,000 bonds on 599 miles.
Additional second mortgage income bonds ($800,000), issued
upon 80 miles of completed new road.
ALABAMA CENTRAL RAIUIOAD COMPANY.
mortgage 6 per cent bonds, paj-able in 1918, $1,000,000.
Income bonds (.«1,400,000\ 8 per cent per annum. The company's road extends from Selma, Ala., to Lauderdale, Miss., 95
First
Its authorized capital stock
$626,200 are now outstanding.
miles.
is
$2,000,000, of whii
.^te
:
PEORIA DECATUR & EVANSVILLE RAILWAY.
Additional first mortgage, Evansville Division,
per cent
bonds, due in 1920, to the amount of $720,000.
Additional income bonds, Evansville Division, to the amount
of $480,000. These bonds are issued upon sixty miles of completed new road from Parkersburg to Evansville, 111.
TOLEDO DELPIIOS & BURLINGTON RAILROAD.
Capital stock, $4,000,000.
First mortgage
§1,250,000.
Income
main
main
line
line 6
bonds,
per cent bonds, payable in 1910.
6
per cent,
non-cumulativi
$1,250,000.
conveying all of their property to the
First mortgage, Dayton Division, 6 per cent bonds, payabli
Chicago Milwaukee & St. Paul Compauy.
The purchasing in 1910, $1,000,000.
company expect to extend the road into Dakota and make it a
Income, Dayton Division, bonds, 6 per cent, non-cumulative,
portion of the system of lines with which they are ramifying
$1,000,000.
the Territorj'. At the annual meeting of the Dubuque & SouthSix per cent first mortgage Toledo, Ohio, terminal trust
western Railway Company, held at Dubuque, the stockholders bonds, series A, payable in
1910, $250,000.
Toted to transfer their road to the Chicago Milwaukee & St.
President John M. Corse, of New York.
Paul Company. It extends from Farley, a point twenty-two
NEW YORK CITY & NORTHERN RAILROAD.
miles west of Dubuque, to Cedar Rapids, a distance of fiftyGeneral mortgage 6 per cent bonds, payable May 1, 1910, to
seven miles, running through a most populous and productive
section of country, touching Monticello, Himmora and Marion. the amount of $4,000,000.
The company's road extends from Eighth Avenue, New York,
This company also made a deed of conve^'ance to the St. Paul
road of their property, February 22, and it is now part and near 157th Street, crossing the Harlem River by a double-track
parcel of that road. It is proposed to extend the line at once iron draw-bridge, and then running midway between the Hudto Council Bluffs, a distance of 270 miles. This will give the son River and the Harlem railroads to Brewsters, in Putnam
St. Paul almost an air line from both Chicago and Milwaukee County. 5i/2 miles, at that place joining the New York and
The road is now completed and
to Council Bluffs, and will be of incalculable benefit to both New England Railroad.
cities."
equipped for business, and the bridge over the Harlem River,
Chicago St. Louis & New Orleans.— The annual meeting of with the connection with the Jletropolitan Elevated tracks, is
this company was held at the office of the company in New- expected to be ready for traffic this month. The capital is
Orleans, March 2, 75,492 shares being represented. The share- $3,000,000. Of the mortgage bonds, $404,500 are reserved to
holders approved the action of the directors during the year take up the $352,500 7 per cent bondJs remaining outstanding
past, and ordered all the revenues derived from working the under a prior mortgage.
TEXAS & ST. LOUIS RAILWAY.
road, beyond the absolute necessary expenses, and the interest
on the first mortgage and earlier bonds, to be applied to
Additional first mortgage 6 per cent bonds, due in 1910, to
the improvement of the property during the present year, the amount of .$480,000.
and that the necessary arrangements be made to change the
Land grant 6 per cent income bonds, $1,520,000, being a first
grade at some convenient period during the coming summer. mortgage on the land grant of 10,240 acres to each mile of comThe Vice-President, Mr. James C. Clarke, stated to the meeting pleted road, and a second mortgage on the road.
that, pursuant to the instructions of the shareholders at their
Stock, $1,520,000.
last annual meeting, the improvements had been made with as
The additi9nal first mortgage bonds, making the full amount
much rapidity as was consistent with due economy; that during $1,520,000, the incomes and the stock are issued upon the
the year 11,929 tons of steel rails had been laid in the track completed 190 miles of railroad from Texarkana southwest into
and 200 freight cars had been built; that the rolling stock now Henderson County, Texas.
stands, 101 locomotives, 1.843 freight cars, and 70 passenger,
MILWAUKEE LAKE SHORE & WESTERN.
baggage and mail cars; that the directors had recently purPreferred stock of $5,000,000.
chased 12,000 tons of steel rails, making 44,000 tons, of which
The number of miles of road of the company now in operaabout 4,500 tons had been distributed and put in track smce tion is 246 from Milwaukee, with branches to the Menominee
January 1; that several cargoes were in transit from New York, Iron Range. From the present northern terminus of the lice the
and that he hoped to have this 12,000 tons in the track by June road will be extended about 75 miles during the coming season,
15, requiring only 5,000 tons to replace the entire track with
to the iron mines of the upper peninsular of Michigan.
steel rails; tliat these 5,000 tons had been purchased of the
The company's capital stock comprises the $5,000,000 preBethlehem Company, at $57 50 per ton, for delivery in May, ferred stock, of which $56,200 are held in ti-ust for the benefit
June, July and August.
of the company, and $1,000,000 common stock, of which |838.New York Lake Erie & Western.—The following is this 400 are likewise held in trust for the company. Its funded
company's statement for January and for (he four months debt consists of $1,812,000 first mortgage bonds, $290,000 equipOctober 1 to February 1.
ment bonds, and $500,000 second mortgage bonds, of which
^1880.
1881.
Inc. or Dec.
$350,000 are used as collateral security for debt due in 1882.
Grof.s carnmgB
.$1,206,381
$1,443,437
Inc. $147.0r>5
President, F. W. Rhinelander, New York; Vice-President, Wm.
Workiug cxiMjnses
940,563
1,137.987
luo. 191,4'2'2
H. Guion, New York.
Net earnings
$349,816
$305,449
Dec. $44,307
FLINT & PERE MARQUETTE RAILROAD COMPANY.
October 1 to February 1.
Six per cent mortgage gold bonds, due in 1920, to the amount
ance of said
vote,
—
Gross earninRS
Working expenses
Netearnings
New York
Stock
1879-80.
$5,924,158
3,950,654
1880-81.
$6,867,473
4,432,731
$943,314
482,077
$1,973,504
?2,434,741
$167,132
of $5,000,000.
Preferred stock, authorized amount $6,500,000, of which
$6,329,900 have been issued.
The road is situated in Michigan, and consists of 253 miles of
main line from Monroe to Ludington, and 64 miles of other line
between different places. There are reserved of the mortgage
bonds an amount sufficient to cover prior mortgages, which are
five in number, bearing interest at 8 and 10 per cent, and
amounting to $3,179,000. To provide for the payment of about
$2,004,000 bonds (being $300,000 Flint & Holly lease 10 per
cent bonds) and $1,704,000 8 per cent land grant bonds, there
are assets consi.stiug of $405,073 cash and $977,589 bills receivable for land sales, including interest, a total of $1,3S;;,262. The
company also owns lf)9,3'i5 acres of unsold landi^ estimated to
be worth at least $1,000,000.
Increase.
Exchange-New Securities.-The
governing coKimittee of the Stock Exchange have admitted the
following new .securities to the Board List. The accompanying
statements are condensed from the American Exchange
CHICAGO MILWAUKEE & ST. PAUL RAILWAY.
Mineral Point Division first mortgage 5 per cent bonds, payaable in 1910, to the amount of $2,160,000. Of these bonds
$1,200,000 were issued in payment for the Mineral Point Railroad, running from Warren, 111., to Mineral Point, Wis., with
a branch to Plattsville, Wis., 61 miles.
The remainder
(1960,000) have been issued in payment for 48 miles of additional road providt-d for by the mortgage.
Iowa & Dakota Division first mortgage 7 per cent extension
bonds, to the amount of $351,000, issued upon 23 4-10 miles of
additional completed road.
First moitgage Southern Minnesota Division 6 percent bonds
to the. amount of $432,000, issued upon 28 80-100 miles of
additional completed road, at $15,000 per mile.
—
J
Pennsylvania Railroad. The report of January earnings
published last week was erronerms in some particulare, through
a mistake in proof-reading. The statement of the business of
all the lines of this company east of Pitt.sburg and Erie, for
January, 1881, showed gross earnings of $3,189,215, against
$3,083,551 iu January, 1880, an increase of $105,664. The net
earnings were $1, 2061861, against $1,366,298 in January, 1880, a
decrease of $159,437. All lines west of Pittsburg and Erie
H
H
^
MABtu
.12,
THE CHRONICLE.
1881.J
?381,r):»,
for January, 1881, showed a surplas over liabilities of
against $365,301 surplus reported for January, 1880, showing
an increase of $16,235. The company states the increase at
adjustments.
$S0,712, owing probably to certain interest
Peiiiisylvaiiiii Biiilrontl— Philadolphia Wilmiiiarton i Baltiiiior«.--Thi! Pennsylvania Railroad stockholders' annual meetRoutine business was transacted. Mr.
inn- was' held this week.
John Taylor, an English stockholder, spoke of the money
received by the Company from Allegheny County on account
of the damages caused by the riots in 1877, and thought that
this, with some other sums, should either be disbursed to the
stockholders as dividends or else
tributed.
equivalent in stock be dis-
its
,
,.
,
.
,
1
.
,
President Roberts reported that the directore had just closed
purcha-se of a controlling interest in tlie
a, contract for the
stock of the Philadelphia Wilmington .Si Baltimore Railroad,
and offered the following resolution, which was adopted
:
Kesolseil, Tli:it for tlio piin)i>3B of providiiij,' •iP'Ot or Uio wliolc of Ihr
to iciy for the capital stock of the I'iiiliiilelpliliv Wilmington ,v
Bnltlinorc Itallroiid-Coinpaiiy a.s purchased, ami for micli other piiipiM.-s
as the ilircctoi-s may dci'iii tor the licst interests of the Company, tin re
be issued, from time to limc. foiti- huinlrcd Ihoii.sand shares of stock of
this Compauy, in adrliticii to tlie nnmhcr of shares of the incicas. d
meaim
capital stock
apporlhm and
sell,
"
which the Ulicctors were heretofore empowered
illspose of.
Atthe previous meetmg of the shareholders
.
to
i,.
of this
is.fnc,
^
Com-
289
Governmental authority. Stale ami nalJmiEri, alone l» coinpc.lcut to raKtrnin Its uKgrcfsioiiR nml correct Irs uUiiMiA I have Iouk forcHceii that
llic time would come when Ilic iicople would he compelh!d to Invoko the
exercise of that authority for their protection, f repent today, In sul>stance, words uttered seven ream nt,'u, that 'there are ill this country
four men who in the matter of taxathni possess niid fnrqnriitly exvrelsa
powers which neither CouKiesH nor any of our Statu I/etMatiires woiilil
darotocxcrt— powers whicli, if cxerclseil In ileal lii >r .h, ,.,,i,i,| shake thn
id for any
thi'uiie to its very fouiiUation. Thcfo men may m
educe tho
reason satisfactory to thcMusclvcs. by a stroke'
;ons. They
value of property in the United 8tate«by hund:>
lUiiy at their own will and plu:i8Ure disiirrauf^e and umOarrawi Itiislnuw.
depress one city or locality aiifl build up another, enrich one Individual
•
•
*
•
*
*
and ruin his coiupetltors.'
Uuo nnvn, who controls inoro miles of railroad than any other in tlio
world, and who Is almost daily adding new lines lo his polossnl comhinatinn, now also controls the tclcKiaphin system of the Unlt4»l Stales
and Cainidii, and is rc:ichlni{ under the se:i to erasp that of ICiiroiw. Not
content with all this, and deteiinincil that no Instrument of commercial
and political power shall elude his grasp, he is (as I learn) alHO the
owner of three out of the seven newsp;ipcrs which constitute the Amoelated I'lcss, through the agency of which the news is illstrlbiited over
the entire country. He may at any timesccure the fourth jiaper, whiott
will give him absolute control over the news which the people aluiU
<
i
•
•
•
•
that takes place, what will be our eonditlonl
inlllions of noopio who read their morning pappis at their
birakfast tables will daily receive Just such Impressions as this one
shall choose to give them. Public men and affairs and biislniss intenutta
and moveincnta will be seen In the coloring which shall best serve bit
Interests. * • • « The channels of thought and the channels of comiiicrce thus owned and controlled by one man, or by n few men, what Is
to restrain corporate power, or to tlx a limit to its exactions upon the
receive.
When
The twenty
man
What is then to hinder these men from ileprcssing or intlatlDa
pany," said Mr. Roberts, "the capital stock which the directors people
the value of all kinds of pro|icrty to suit their caprice or avarice, uud
were empowered to i.ssue was limited, and therefore their thereby
gatliering into their own cofTors the wealth of the nationl
ability to raise money for the purpose of carrying on the! Where Is the limit to such a power as this 1 • • • Tills organized,
necessary business of the Company can only be derived from gigantic (corporate jiowcr can only be kept under proper restraint by thn
organized power of the people, expressed through their Stale and
its shareholders when required to be raised by the issue of
govornraci.ta. That snch governmental i^ower exists and may
Whether it is a right or proper method by national
capital stock.
properly bo exercised I have not a particle of doubt. It Is plainly writwhich to raise this money the directors will afterward.^ ascer- ten in our Constitutions, and has Been unequivocally declared by tha
tain, but it was thought necessary, if the action of the directors Supremo Court of the United States."
Texas & Pncinc. The track on the extension is laid to Pilot
was approved to have at their disposal all the proper means
for the purpose of providing this money to pay for the stock Point, Texas. 30 miles from White.sboro, and 47 miles from
the
contract
time,
when
that
being
on the 1st day of July next,
Sherman. Six miles remain to reach Denton, where the line
it will be delivered and paid for."
will connect with the Dallas k Wichita, completing the connecThe Philadelphia //igMiVer reports, in regard to the pur- tion between Sherman and Dallas.
prominent
ofKcial
that
"a
stock,
&
B.
chase of the P. W.
Wabash St.- Louis & Pacific.—The annual meeting of
of the Pennsylvania Railroad Company said the negotiations stockholders was held at the general offices of the company in
weeks
past,
at
the
instance
two
of
for
on
had been going
Five new directors were elected, as follows James
St. Louis.
Jarge holders of the P. W. & B. stock in 'Boston, who were Cheney, of Fort Wayne; Thomas E. Tutt, of St. Louis; Samuel
Nathaniel
Thayer,
offered
price
by
the
at
to
sell
170,
willing
Sloane, of New York; Geo. G. Haven, of New York; and James
who had contracted to deliver to Measrs. Garrett and Haven, P. How, of St. Louis. Those retired were Julius S. Walsh, of
representing the Baltimore & Ohio and Central Railroad of St. Louis, J. L. Welch, of Philadelphia, and H. H. Cook, of Nevj
New Jer.sey, 118,000 shares, or a majority of the stock, believ- York.
ing that they could obtain a better price. At the invitation of
The annual report of Mr. Solon Humphreys, the Pre.sident,
these Boston holders, some of the Pennsylvania Railroad stated that since the consolidation the company has acquired
ofBcials visited New York on Monday afternoon, and met the
parties in interest at the Brevoort House, when the negotiations were concluded the same night, on the basis of the
delivery on the 1st of July of a controlling numljer of shares at the Champaign Havana & Western, Aug. 2, 131 miles ; the.
$78 each. The capital stock of the P. W. & B. Railroad Com- Missouri Iowa & Nebraska, Oct. 1, 148 miles the Toledo Peoria
pany is $11,572,750, at $50 par value, so that to obtain a con- & Western, Oct. 1, 246-1 miles ; Centreville Moravia & Albia,
trolling interest 115,728 snares must have been secured or
26 miles ; total, 921-1 miles, comprising with the original lines
pledged."
of the Wabash and the St. Louis Kansas City & Northern railAnother report states that the Pennsylvania road also ways an aggregate length of 2,479 miles.
agrees to take all the stock offered before April 1 at the same
EAKNINGS.
$12,428,111.
The earnings tor the ye.ir 1880 were
figures.
Under this agreement, should the whole capital stock
33,601
tracka,
<to
of
for
reut
received
Add
which
in
stock,
tendered,
and
bonds
of the Baltimore line be
convertible into stock, is equivalent to 236,535 shares, the purii2,461,713
Total
chase price would amount to $18,448,950. Add to this the Operating expenses
'___Z_.
bonded mdebtedness of $2,500,000, and the total cost of the
$1,674,301
Net
bargain foots up nearly $21,000,000. Mr. Thayer's offer barely
ApiH-opriated as follows:
_,
„
^'^^^Ssp
exceeded $19,000,000 for the entire stock and bonds.
Interest.
483,25.'>
Uentals
Philadelphia & Reading:. Mr. Gowen has returned from Taxes, reut of ours and miscellaneous
514,568— $3,655,18*
London. As to the stockholder.s' meeting, March 14, he takes a
$1,019,180
very hopeful view, and says: " There are about GS5,000 shares Surplus for the year over fl.tod charges
of Reading stock. Of this I claim to have 425,000 shares.
From the surplas a quarterly dividend of \^ per cent was
According to my understanding of the distribution of the stock, declared upon the preferred stock, payable February 10, 1881.
the McCalmont opposition have control of 210,000 shares. This
The operating expenses, which have been about 62 per cent,
leaves 50,000 shares which are indefinite."
will be materially reduced, as the extensions reach and the
St. Lonis & San Francisco.— A special meeting of the stock- traffic passes over the main line. The annual report will be
holders of the St. Louis & San Francisco Railway Company was published in the Chronicle as soon as the official copies ara
held in St. Louis at which resolutions were unanimously adopted issued.
authorizing the company to issue consolidated mortgage bonds
Western Union Telegraph.— This company has issued its
to the amount of $30,000,000, bearing interest not exceeding sis statement for the quarter ending March 31, 1881, which may
per cent, and running not less than thirty years from the date be condensed as follows: In the report for the quarter ending
thereof, to be secured by a mortgage covering all the lines of December 31, the profits were stated at $951,806. The official
railroad now owned by the company. The funds arising from returns for that quarter showed the profits to be $1,026,556, or
the sale of these bonds are to be used principally in construct- $74,749 more than the estimate, leaving—
ing new lines. On the adjournment of the special meeting the Suriilus January 1, 1381, of
$148,285
regular annual meeting of the stockholders was convened, and The net revenues for the quarter ending March 31, inst.ant,
based upon otliclal returns for January, nearly completo
the following gentlemen were elected directors for the ensuing
returns for February, and estimating the business for
year: Ezra Bailey, of White Cloud, Kan.; Francis B. Hayes,
1,669.173
March, wUl be about
Walter L. Frost, Alden Speare and Albert W. Nickerson, of Bos$1,817,459
ton ; Je.s.se Seligman, Edward F. Winslow, Fred Butterfield.
From which appropriating—
Edward D. Adams, James D. Fish and William F. Buckley, cf
Interest on bonded debt
,-4' ,,2,
New York; C. W. Rogers, of St. Louis, and John O. Day, of Construction
onVi/m
ii.tn<y tuvn
.^0,000— »J»-:.OW»
Springfield, Mo.
Sinking fund appropriations
Secretary Windom on Corporate Monopolies.
Senator
$1,515,459
-;•..Leaves a balance of
Wiudom— now U. S. Secretary of the Treasury wrote a letter It reiniiies for a dividend of 1 H per cent on the capital stock
that has been issued ($41,073,410)................ $616,101
to Mr. L. E. Chittenden, Chairman of' the Anti-Monopoly
interest at same rate on certificates of iudebtedLeague at the meeting held in New York February 21, in which For
ness issued to Union Trust Co., In trust ($38,he made some vigorous statements as follows
583,899
926,590)
" Coipor,itc power has done mich to develop our country. For its good
1,200,000
deeds I freely accord it full credit. As an lustrnmciit to execute the
Total
I
—
:
;
—
—
—
—
-.:
-,-
:
and scive tne interests of the public, it is of Incalculable value:
its the imperious ruler of the people, it is a most cruel and relentless
tyrant. Kept within the limits of proper restraint, it is an iuvalualile
servant of tlie public. Uurestraiued by the forces of law and public
opinion, it will prove a most dangerous imistci-. The individual citizen
la Imputeut to cuutcud with ibis gigaulic and rapidly-growiu(? power.
will
but
Deducting which, will leave a surplus, after paying dividend
and
interest, of
$315,159
In view of the preceding statements, the committee recom-i.
mended a dividend of 1?6 per cent.
THE CHRONICLE.
290
5Tte
3
OTT O N.
O
^ommtvtml %xmts.
Friday, P. M., March 11, 1881.
Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (Mar. 11), the total receipts have reached 140,126
bales, against 133,931 bales last week, 138,359 bales the previous
week and 146,539 bales three weeks since; making the total
receipts since the 1st of September, 1880, 4,810,212 bales, against
4,344,639 bales for the same period of 1879-80, showing an increase
since September 1, 1880, of 465,573 bales.
The Movemest of the
COMMERCIAL EPITOME.
Friday Nwht, March
ry<«^ XXXII.
11, 1881.
Spring has come on apace, and given some impulse to trade.
Inland navigation has re-opened in middle latitudes, and large
quantities of grain have left St. Louis for Nevf Orleans.
railway transportation is obstructed somewhat by snow in
the Northwest, and lakes and rivers remain ice-bound. The
breaking up of the ice in the rivers threatens to be attended with
floods from the rapid melting of the accumulations of snow.
The financial position is regarded as having cleared up materiStill,
Seeeipis
at—
GalveBton
3,485
Indianola, &c.
Orleans...
New
Mobile
Wed.
Tues.
Thurs.
Provisions have latterly shown a free movement, and prices Savannah
Brunsw'k, cSic.
have been materially advanced by the eflforts of a large
short" interest in the
demands have
West
to cover contracts.
been better.
also
The shipping
Old mess pork sold on the
spot to-day at $15 50@$16 ; new mess quoted |16 50@$16 76 ;
May options realized $16 10. Ba<:on was higher and firmer at
8%c. for half-and-half (long and short clear) here, and S'lSc.
asked in Chicago. Lard was materially higher during the day,
but toward the close there was less buoyancy ; prime western
sold on the spot at 10'85c., and lots to arrive at 10 85c.; March
options realued 10-80@10-90c., though closing at 10-82}^@
10-85C.; April, 10-77^@10-95c., closmg at 10-85@10-8736c.;
May. 10-85@llc., closing 10-92%c.; June, 10-92>6@ll-02%c.,
closing at 10-95@llc.; July, 10-9736@ll-02^c.; refined to the
continent, 11-lOc. Cut meats were quiet and unchanged. Beef
ruled firm at $21@$23 for eitra city India mesfi. Beef hams
held firmly at $23. Butter was quiet and irregular. Cheese
about steady at 12@13Mc. for prime to fancy State factory.
Tallow fairiy active at 6H@6%e. Stearine higher at ll@llMcThe following is a comparative summary of aggregate exports
from November
1 to
March
5
1,111
7,058 12,946
3,608
2,033
8,610
2,651
7,003
6,587
721
851
922
180
3,645
2,873
1,782
2,707
2,073
73
73
1,081
2,031
1,877
1,285
1,282
1,541
205
66
216
497
273
159
520
9,260
1,541
1,416
2,537
2,502
2,736
724
2,274
571
410
200
381
861
Oil
801
1,750
1,139
2,117
4,674
1,365
1,108
734
798
857
806
620
230
40
12,890
4,674
6,487
4,281
334
1,202
3,670
lbs.
lbs
Lard.
.lbs.
lbs.
Total
348,876,925
156,639,337
1879-80.
23.640,200
277,260,790
117,674,642
2,n97,000
71.610,135
38,964,695
531,573,462
418,575,632
113,177,830
26,-J87,iJ00
Inerease.
Rio coffee has been quiet on the whole, though on one or two
days there was a fair business. Prices have been firm, and
latterly 12@12^c. has been quoted for fair cargoes. Mild
frades have been fairly active and steady. The transactions
ave included sales of 28,000 mats Java, 5,400 mats Singapore,
6,500 bags Maracaibo, 6,000 bags Laguayra and 2,000 bags
Mexican. The market closed more active at some advance for
*
Rio, fair cargoes of which are now 12^@12%c. Bice has sold
freely at 5@7c. for common to choice Carolina and Louisiana.
New Orleans molasses has been quiet but steady at the recent
quotations, while foreign refining grades have been nominal in
value in the absence of business. Cuba, of 50 degrees test,
closes at 28@29c. Spices have been quiet but steady. Tea has
sold at generally steady prices of late. Raw sugar has advanced,
owing to the unusual delay in forwarding the first instalments
of the new crop of Cuba. The market closed very active, the
Bales of Manila and Iloilo sugar alone aggregating 150,000
bags, while there was considerable business in centrifugal, on
the basis of 5^c. for 94 to 95 degrees test, cost and freight.
Receipts since March 1, 1881
Bales since March 1, 1881
241
50,653
10,786
ISO
15,482
520
430
Totals tbis week 21,006 28,948 24,435 18.576 19,0111 28,150 140,126
For comparison, we give the following table showing the week's
total receipts, the total since Sept. 1, 1880,
and the stocks to-night
and the same items for the corresponding periods of last year.
1880-81.
Receipt/ to
March 11.
This
Week.
1879-80.
Since Sep.
1, 1880.
This
Week.
Stock.
Since Sep.
1, 1879.
1880.
1881.
:
1880-81.
Pork
Bacon
.
17,542
3,332
Charleston
Pt. Royal, &c.
Norfolk
CityPoiut,&c.
New York...
Boston
Baltimore .
PUladelp'a, cfec.
Total.
2,571
241
8,449
2,603
2,402
Wilmington
MoreU'dC.,&c
Fri.
2,771
Florida
ally.
•'
Mon.
Sat.
Hhds.
13,652
12,193
27,036
45,034
....
Stock March 9, 1881
Stock March 10, 1880
Metado.
Bags.
Boxes.
56
50
36,460
66,127
976,313
715,818
6,997
776
458
2,709
Refined sugar has sold freely at some advance, though the
market did not close at the highest prices of the week. The
final quotations embraced
Crushed at 9^c. powdered at 9/^
@9%c.; granulated at 9%c., and cut loaf at 9^@95^c.
Kentucky tobacco has remained quiet, the sales of the week
amounting to only 350 hhds., of which 250 for expcJrt. Prices,
however, remain steady; lugs, 4?4@6/ic., and leaf, 63^@12J^c.
Seed leaf, on the contrary, has been more active, and the sales
for the week are 2,413 cases, all from the crop of 1879, as follows: 1,086 eases Pennsylvania, ll@22c.; 150 cases New England, 15@30o.; and 1,277 cases Ohio, 6@13e.; also 550 bales
Havana, 82c.@$l 15.
In naval stores a mmch better business has been reported, and
values have considerably improved; spirits turpentine, 46^c.;
strained to good strained rosins, $1 70@$1 80. Petroleum has
continued dull, and, in sympathy vrith the European advices,
prices have declined; refined in bbls., 8?6@8?4c.; crude certificates close lower at 84 %c. bid, after selling at 855^c. and at
83?4c. Ingot copper in moderate sale at 19%e. for Lake. Steel
rails have been quite active at $65 for Chicago deliveries.
American and Scoteh pig irons rule dull. Wool has latterly
been more active, and a better range of values is reported.
Ocean freight room has been dull, and, with a largelyincreased supply of tonnage, rates have shown a steady decline.
The engagements to-day were grain to Liverpool by steam 5d.;
do. via Boston, through freight and local, 3 J^@4d. bacon hence,
27s. 6d.@308.; cheese, 30s.; flour, 28. 3d@2s. 6d. per bbl. and
208. per ton
cotton, 13-64@9-32d
grain to London by steam
quoted 7d.; do. to Glasgow by steam taken at 6d.; flour, 2s. 3d.
per bbl. and 2l8. 3d. per ton grain to Cork for orders quoted
4^. 4^d.@4s. 6d.; refined petroleum to Hamburg, 3s.; do to the
Baltic, 4s.; do. to Japan (in cases), private terms
do. to
:
Galveston
562,951
4,508 421,959 103,626 50,245
241
2!)
14,213
7,431
50,653 1,263,769 28,089 1,303,229 329,605 302,367
New Orleans
Mobile
10,786 343,706
2,631
328,653 48,365 52,813
180
Florida
19,813
141
19,443
5,086
15,482 779,683
Savannah
5,311
689,574 73,982 48,375
73
Brunswick, &c
4,821
3,531
9,260 555,184
Charleston
2,932 417,662 56,930 37,861
1,541
47,815
Port Royal, Ac,
29,125
1,613
5,190
1,416
Wilmington
110,704
372
73,314
5,033
4,292
M'head City,&c
520
26,520
320
25,086
Norfolk
12,890 607,096
8,158 488,420 24,893 30,322
4,674 189,040
315 145,131
City Point, &c.
1,572
6,487
105,292
6,113
162,141 213,990 285,414
New York
119,472
4,726 180,476
Boston
4,281
8,555 13,821
34
Baltimore
430
21,803
14,948
8,692 18,815
Philadelphia, &c
36,300
689
34,214 15,191 16,891
3,670
17,542
Indianola, &c..
140,126 1,810,212 64,368 4,344,63il 897,561 867,978
In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons.
Total
Iteceipts
at—
Charl'st'D.&c
Wilm'gt'n, &c
Norfolk, &c..
All others
Tot. this w'k.
140,126
Mobile
Savannah
1879.
1880.
1881.
17,783
50,633
10,786
15,482
10,801
1,936
17,561
15,121
Galvest'n,&c.
New Orleans.
1877.
1878.
1876.
8,473
11,732
5,988
34,950
4,325
5,338
4,614
1,796
10,615
10,864
9,344
25,850
6,263
11,330
8,300
2,906
7,651
10,620
4,686
19,063
2,881
3,443
2,578
2,166
5,186
4,531
6,347
30,815
5,723
2,54»
3,563
1,215
6,056
9,173
64,368
78,490
82,264
44.537
65,441
4,508
28,089
2,631
5,311
2,932
692
;
;
;
;
;
;
J^jiers for orders, private terms.
4810,212 4344,639 3998.320 3752,265 3668.286 3634,831
Galveston includes Indianola; Charleston includes Fort Koyal, &c.;
Wilmington includes Morehead City, &c.; Norfolk includes City Point, &o.
The exports for the week ending this evening reach a total
of 90,224 bales, of which 57,804 were to Great Britain, 12,050 to
France and 20,370 to rest of the Continent, while the stocks as
made up this evening are now 897,561 bales. Below are the
exports for the week and since September, 1, 1880.
Since Sept.
1,
Wetk Ending March
Exported
Export*
to
—
11
Oreat
Continent.
Galveston...
New Orleans
Mobile
11,097
5,7B3
2,893
2,144
3,640
10,964
Total
Great
Week.
Britain.
16.134
19,96
5.991
5,991
Sept.
1,
1830, to afar. 11, 1881.
Exported
from^
Brit'n.
From
France
to
—
Contt.
nent.
Total.
221,496 35,802
612.730 235,042
56,931 13,470
68.635 325,934
206.153 1,053,92*
5,769
76,17»
1,444
208,325
154,488
11,222
2,850
26,443
1,812
49.009
Florida
Savannah
.
Charleston
.
'.
6,494
4.588
S,595
1,991
13,074
181.661
2,476
6,070
178.650
55,521
284,285
228.644
60,542
71.587
35.354
Wilmington.
JTorfolk
New
York...
Boston
Baltimore.
Fhiladclp'a.&c
.
Total
....
Total 1879-80
5,316
5,816
10,650
13,572
2.779
2,779
4.082
1,202
2,037
57,804
46^
12,050
5,284
2.037
33,481
50,382
20,370
90,224 1,967,404
35,110
99,542 1,743,671 286,71'
•Includes exports from fort Koyal, &c.
15,334
102
425,487
383,530
68,187
288,947
304,098
60,543
86,921
35,456
720,819 3,089,1SS
'6io,0»l
2^,48»
March
THE (CHRONICLE.
13, 1881.]
In addition to above exports, oar teleffranxi to-night also gire
U3 the following amounts of cotton on shipboard, not cleared, at
the porta named. We add similar figures for new York, which
are prepared for our special use by Messrs. Carey, Tale &
Lamberf, 60 Beaver Street.
On Shipboard,
March
at-
11,
France.
50.582
8,900
6,410
1.200
23.401
5,650
10,000
13,141
8,100
1,075
2,000
HewOrleana
Mobil*
Cn^rlcston
flavannah
Oalvcston
New York
Otlier ports
987
None.
None.
25,303
106,143
Total
oiSg'
5 n IS,
2-Sg
*:
g:
not cleared—for
Other
Foreign
Coatl-
290
28.311
1,630
13,023
26.500
7,086
1,800
1,000
5.50
2,200
2,893
None.
3,000
81.172
227,851
8,933
I
:
I
237.281
29.713
33,370
42,082
—
CPLAND8.
NEIW ORLKAN8.
niou Tnes Sat. inon Tnes
SH
9%
8=8
9=8
I0l8
Btr. O'd Oni IOI4
I<ow Midd'g 1013,6 lOUi,
Btr.L'w Mid U3ie ll'is
11^4
Middling... ll^e
Good Mid.. 12I16 1116,,
123,9
Btr. G'd Mtd
Midd'g Fair 121S16 1213,,
13U,„ 139,8
Fair
BtrictOrd.
Good Ord..
Wed Tb.
Ordln'y.»lb
BtrlotOrd..
Good Ord..
G'd Ord
liOW Midd'g
Btr.L'w Mid
Btr.
Middling...
GoodMid..
Btr. G'd Mid
Hldd'g Fair
Fair...
8ie
8 '8
8H
Ordln'y.^^lb
89,6
99,6
101,6
10»8
11
113,6
ll'e
1218
12^
131a
Fri.
716,6
HH
8"l6
9''8
8%
00
do
000
«M
00
COo
»A*
00
8%
9%
09
Wed
7i«
7>3,6
77,6
HI, 6
818
8»if.
Pifl
99,6
93,6
9l4,6 911,6 968
101,6
loV 106,8 IOI4 10%
lOTg
10% 1011,6 111«
1016,gll6ig
llhs 11
12
1111,6 U6r
IT'S
12
12
12H
1279
1268
129,6 I2I9
13»8
1338
136,6 1314
fi'lfi
n^
Sat.
Tfa.
1
Wed
Frl.
7%
711,6
81a
913
8', 6
I
000*
00
00
acn
.'icJ
00
00 00
rOM
I®*-
00
CO
-i-j
-j-i
Btriot
|)
».
Good Ordinarr
low Middling
Middling
713,6 711,6 769
813,6 go'l» 8=8
911,6 99ja
91a
1013,6 1011,6 1069
71a
81a
939
10 ij
006
I
OOo
®?>
U3M©
Bat.
Dim and nominal
CO
66
I
00
66
-.]Oi^
00
_ oo
00
00
OVm
MMO
00*
MO
woei
I
Sm|
oooo
COtOM
00
ts6 O
ro-i
CO
66
CM*
MO
c6
^Om
«»
,it.
_
,
,
Total.
8 g
oo
66
CtO
9*fo
(CmO
MO
fiflO
MMo
6mO
M*.
,Mg
00
66
00 to
99
66
®*
1
00?
I
Sjo
90
6*
99
6t;
I
ew
Deliveries.
41
2,244
2,346l
41
4,631
10.500
day
pre-
Pkicrs of FoniREa are shown by the following comprehensive table. In this statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales:
ajjd
COM
I
SiO'
OOo
660
OiOi
00
lf-l»'M
00
00
<a
toco
r
I
CO
-4-i
MM50
COo
-160
MO
®t»
otto
sy
I
MCO
6w
OOo
660
coo
00
66
00
66
^00
'(^^
OOo
COW
00
tOM
MIO
I
6
OOo
IOmO
COC£
99§
MtoO
OOr
or
OOc
00
?CA
?l
OOo
I
I
eito
MMO
005
660
I
codb
^
I
mm:^
00
c;*
MOO
CO to
6
to
ooc;i
I
rfilli*
f-Jto
®
Mm'Jj
05 CO
00
I
0*M
»CI<
I
OOo
00
KMM
tcioO
to to
00
1^6 8
MM
ooc
oc;*
00
99
coot
I
8M-
Sto
I
OOo
'99
otoo
totoO
MOl
oej
99*
Mtt^O
I
Frl.
I
1,010,200.
The Sales
ecu
«*•
I
If
I
68
I
I
Co
S'O
loC
lis
CO
.li
00^
OOo
01 00
1
1
1
1
• Also gales In September for September, 621,400; 8ept.-Oct. for Oct.,
946.500 8opt.-Nov. for November, 762.100 Sept.-Deo. for December,
1.464,.500; Sept.-Jan. for. lanuary, 2,588,900; Sept. -Feb. for February,
2,372,700; March for February, 1882,100 at 10-35.
Transferable Orders—Saturday, 1115; Monday. 1 1-05; Tuesday, 10-85;
Wednesday, 10-75 Thursday, 10-70 Friday, 10-70.
Short Notices for March -Saturday, 11-12; Thursday, 10'66; Friday,
;
;
;
The dally deliveries given above are actually delivered the
vious to that on which they are reported.
KIM
I®
396
339
340
i::§
1313
211
1,059
221
575
491
324
:^:^8
CO to
MO
00
09UCO
**
12%
480
100
54
01
6II)
r^ib,
CiCoO
^13
I
nV
1218
616,6 6'9
81,6
8
815,6 8''8
103,8 |l0>8
SaU».
KM
MOO
MMoo
MMpt.
lOSp
11
113,6
dec.
Dull at 1,6
total
•
Spec- Tran-
si
e
MMCn
S*
i
Pa.
(U'oline.
.
wn..
Con-
mmO
I
I
o'o
71',6
8'l6
Ain> SALES.
tump. utfn
00®
-0
00
<o6
9)05
99§
321 153.500
629 210,200 3,600
1,550 139,800 2,600
664 223.200 3,100
607 151,100
860 112,400 1.266
Mon Nom'lat isdcc.
Toes Easy ai i,ndeo.
Wed Easy at % dec.
Ihnrs Dull at
Export.
«»
»ooo
I
SALES OF SPOT AND TRANSIT.
BPOT MARKET
CLOSED.
I
MH-M
CO
66
MM^
:
MARKET
S.M
000*
MM a)
I
Ctood OrdiJu«7
8i-
WCO
00
Frl
im
Ml*
at
im
713,6 7%
8i«
89,6
99,6
91a
9li,6 101,6 10
10
1011,6 1058
10% 1011,6
ni« III16
111,, 11
11»16 11 'l8 llli
11-6,6 If,
12
1116,6
1214
123,6 I2l8
123,fl
1213,, 12%
12^8
1213,8
1368
139,6 131a
i39,r
§
I
I
9?8
005
660
COCO
IHoD Tnes 'Wed Til.
III
o
00
.00 00
OM
*«
?,5S
*^
1016,6 lO's
116,6 1114
ll'l6
123,0 I2i«
127 6 1239
131,6 13
1313,« 13%
Tl».
00
®co
I
911,6
103,6
IOI4
11'16
ll'',6 1168
1218
125,6
1238
129,6
13
133,6
13ii,6 1313,6: 13%
13li 16
o
o
01 10
I
7'6„
H",6
8
in,«
lO's
III4
•
loir
non. Toe*
911,6 9'8
103,6 1038
1038
1014
ll',6 1013,6
11^,8 116,6
U»8 III9
12S,6 123,6
129,6 12T,6
133,6 131,6
713,6
STAINED.
8
J!
CO*
TEXAS.
Sat.
a
tSoa(
669,710
declined %c. on Monday, 1-lGc. on Tuesday and ]4e. on Wednesday. At the lower prices there was rather more doing for export.
Yesterdaylquotations were extensively revised, important reductions being made in low grades of uplands and all stained cottons.
To-day there was a further decUne of l-16c., with middling
uplands closing at 10 15-16c. The principal Southern markets
have declined sharply during the week, in sympathy with New
York and Liverpool, and on Wednesday there was a failure of
aome importance at Memphis.
The total sales for forward delivery for the week are 1,010,200
free on board. For immediate delivery
bales, including
the total sales foot up this week 4,631 biles, including 2,244 for
in
export, 2,346 for consumption, 41 for spectiiation, and
bales were to arrive.
The followraosit. Of the above,
ing are the official quotations and sales for ^ach day of the
past week.
Sat.
j:
o
:
69,2.")!t
pa.st week another severe decline in
prices of cotton for future delivery. The receipts at the port.s
and at the interior towns of the South were largely in excess of
The
last year, and crop estimates were generally increased.
belief also seem.s to prevail that there will be a material
increase in the acreage to be planted with cotton for the
next crop, notwithstanding the coraparativelr low prices now
current for the staple, and the mcreasea cost of bacon
and other plantation supplies. As prices gave way, purchasers at times came forward to cover contracts, but these
demands interposed only temporary checks to the downward
course of values. Yesterday Liverpool accounts were better, but,
as we were above the parity of that market, the improvement
there had little effect here. To-day the decline was checked, and
the close wa.s slightly dearer and firm. Cotton on the spot
to
~:
Z^<
There has been during the
11.
:
202.440
55,063
Inoladed In this amount there are 6,300 bales at presses for forelgu
porta the destination o£ which we cannot learn.
Mar. 5
Es'ri
:
:ti f iS: f
2 <
*
March
'^'osS'
_: e
g; ?
o 5;
;
I:
92,321
1S,G30
23.060
31,900
34,367
•13,550
14,000
None.
B
£?«
:
M
M
Stock.
Total.
vtite.
!.52i
'!''3»S f'ss"^
Leaving
Great
Britain.
291
10-60.
The foUowintf exchanges have been made during the week:
-01 pd. to exch, 100 Apr. for Mar.
500 March for;Aprll even.
|
The Visible Sitpplt of Cotton, as made np by cable and
telegraph, is as follows. The Continental stocks are the flgnraa
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week's returns, and consequently
broutrht down to Thursday evening; hence, to make the totals the
compete figures for to-night (Mar. 11), we add the item of exports
from the ifnited States, mcluding in it the exports of Fnday
only:
Stookat Liverpool
Stock at London
bales.
Total Great Brltoln stock
.
1881.
723.000
44,300
1S80.
1379.
1878.
576.000
26,900
552,000
63,750
704,000
9,500
772,300
602,900
615,750
713,500
THE (HRONICLK
292
last year.
,588
231.774
138.121
282.500
406.500
Btocks.. ..1.007.071
175,000
597.000
22.0no
741.024
174.587
508.140
32.370
897.,561
8i6.:t97
163.734
23,500
162.428
26,000
898.250 1.120.000
138.000
106.000
620.000
721.000
19.000
30.000
721.4^'.!
629.975
100, (i49
100,426
15,000
26.000
Total continental ports.
•^ Total European
25.000
7.U00
35.7.10
1878.
274,000
1880.
54.130
India cotton afloat tor Europe.
Amer'n cotton afloat for Kur'pe
EKyiit.Bnizil.&c.afltforE'r'pe
Btock In United States ports ..
Btock In U. 8. Interior ports..
United Stttes exports to-day..
l,li32
28.747
3.200
16.133
30.032
2,393
420
1
5.1)00
37.250
10..500
6.500
5.500
I
—
Receipts from the Plantations. The following table i»
prepared for the purpose of indicating the actual movement each
weeK from the plantations. Receipts at the outports are sometimes 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
In reply to freq^uent inquirias we will add
that these figure, 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 flually reaches the market through the out-ports.
like the following.
2.886,869 2,438.932 2,500.651 2.745.129
Total visible supply
ZXXII.
The above totals show that the old interior stocks have decreased during the week 653 bales, and are to-night 306'
bales more than at the same period last year. The receipts at
the same towns have been 14,149 bales more than the same week
1878.
160.750
1.500
30.000
4,500
23,250
43.750
8.500
4.250
6,000
1881.
bales. 125,000
Btock at Havre
5.000
Stock at MareelUe*
29,300
Btock at Barcelona
4.200
Stock at Hamburg
2U.400
Btock at Bremen
33.000
Btock at Amsterdam
1 ,080
Btock at Rotterdam
8S4
Antwerp
Stock at
6,9 10
Stock at other oontl'otal ports.
[Vol..
1
RECEIPTS PROM PLAKTATIONS.
Oftlie aDove, the totals of American luid other descriptions are as CoUowd:
American—
Uverpool stock
5.-.2.000
Continental stocks
180.000
59 7,000
897.561
103.731
23.500
American afloat for Europe
United Statesstonk
United States interior stocks..
United States exports UMlay..
Total American...
Bail huUan.Brasil. <ec.—
846.3S)7
162.42S
26,000
620.010
721,480
101.619
15,000
Dec. «1
"
....
81
Jan. 7
"
14
147.000
26,900
135.000
5 4,774
8,124
174.587
52. SCO
••
138.000
30,000
••
32.370
37.500
106.000
19,000
386,981
361.250
406.00f)
176,000
22,000
afloat
473,074
..
176.000
9.5C0
••
176.000
44,300
6:<.750
Receipts at Vie Ports. \Stcch at Inierior Ports\liec'pt« from Pl/int'ns.
73-'79.
Feb
u
-.2.413.795 2,101,971 2,139,401 2,339,129
—
2.886,869 2,488.952 2.500.631 2,743.129
Total visible supply
7381.
o^sl.
63i6d.
^'le,^Price Mid. Upl.. Liverpool
The above figures indicate an increase in the cotton in sight
to-night of 397,917 bales as compared with the same date of 18S0,
an increase of 386,218 bales as compared with 1879 and an increase of 141,740 bales as compared with 1878.
In the preceding visible supply table we have heretofore only
Deluded the interior stocks at the seven original interior towns.
As we did not have the record of the new interior towns for the
four years, we could not make a comparison in any other way.
28
4
11
IS
25
Mar. 4
•'
SO-'Sl. '78-'79.
79.80.
<9-'80 l'80-'8l, '78-'T9.: 79-'80. 'SO-'Sl.
190.931 207,001 2i7.980 294,8Sl :)(!4,926 810.01o|213,305'229,024 253,TiI
143.153 134,308i 190,435 231,031 355.94:3|321,2i5 ISO.oO.-] 143.3231207.615
121.091 149,430 110.(33 253,017 34U,a'i8 300.500 93.104 143.402 90.019
113.613 129,489 120,604 233,236 3J2.3H3 277,'!59 93.202! 13i.013
148,648 16S.280 138.879 21S.585 358.074 274.293 133,937]l73,37I
167,09- 187,101 125 070 220.935 301,830 273,505 109,447il40.997
171.608 ll?,3fl3 147,129 814,117 357.910 282,48;) ie4,790|108,399
130.841 119.834 133,723 190.703 345,975 279,523 127,489 107.918
134.323 115,317 140,539 lf<2.S!48 327.084 -278.708 123.809 96,416
1
Iiondon stock
Continental stocks
India afloat for Europe
Total East India, Ac
Total American
-
Week
.528,000
35l,0CK>
...2,413,795 2,101,971 2,139,401 2,339,l-'9
UveisKml stock
Bgypt, Brazil, &c.,
417,000
245,000
721.000
029.975
100.426
26,000
429.000
132,000
506.116
110.047 103,993 133,359 170.438 310.972 284J55
83.266 78,431 133.931 105.019 303.279 288.540
78,490 04.108 140.123 159.418 239.996 2^5.017
.
11.
106,454
135,81S
121.S4e
156.068
130,757
145.784
92.883 143.748
64,758 138.322
722891 51.085 138.597
I
98.239
78.447
The above statement shows
1. That the total receipts from the
plantations since Sept. 1 in
1880-81 were 5,062,268 bales; in 1879-80 were 4,627,334 bales; in
1878-79 were 4,152,086 bales.
2. That, although the receipts at the out-ports the past week
were 140,126 bales, the actual movement from plantations was
only 136,597 bales, the balance being taken from the stocks at the
Last year the receiptj? from the plantations for
interior ports.
the same week were 51,085 bales and for 1879 they were 72,289
1
bales.
no longer exists, and we therefore make the folWe-Ather Reports bt Teleoeaph. There has been a further
lowing comparison, which includes the stocks at the nineteen
towns given weekly in our table of interior stocks instead of only continuance of favorable weather at most points in the South
the ola seven towns. We shall continue this double statement for during the past week, as will be seen by our telegrams this evena time, but finally shall simply substitute the nineteen »wns for ing. Farm work is making good progress.
the seven towns in the preceding table.
Qalveston, Texas. We have had showers on two days the
1831.
1880,
1879.
1378.
.American—
523,OiX) past week, the rainfall reaching twenty-five hundredths of an
bales 552.000
429,000
417,000
liverpool stock
130.000
132.000
331,000
245.000
Continental stocks
farmers
506.146
721.000
d:0,000 inch. The weather is favorable throughout the State, and
Americanattoat to Europe.... 597.000
897.501
H16.397
029.975
721,480 are busy plowing and planting corn. Average thermometer 59,
United States stock
That
—
difficulty
—
United States inierior stocks..
United States exports tOKlay..
Total American
East Indian, Brazil, iCC—
Uveniool stock
london stock
Continental stocks
India afloat for "siurone
Egypt, Brazil, iiC, afloat
Total East India,
Total Amerioau
Ac
289.998
26.000
159,418
26,000
169,630
15,000
1
176.000
22,000
147.000
26,900
6,124
174,387
32,370
35.000
63.730
37.500
106.000
19,003
176,000
9,500
52.500
133,000
30,000
473,074
3S6.981
361.250
40(1
170,000
41,300
54 .774
highest 67 and lowest 49.
Indianola, Texas.
29,539 2,198,393 2,408.116
2,535,078
000
2,333,078 2,229.539 2,198,393 2,408,116
Total visible supply
1^" The
285.017
23.500
3,008.152 2.616,520 2,559,613 2,814,116
imports into Continental ports this week have been
31,000 bales.
These figures indicate an increase in the cotton in sight tonight of 391,632 bales as compared with the same date of 1880, an
increase of 448,509 bales as compared with the corresponding date
of 1879 and an increase of 194,036 bales as compared with 1878.
At the Interior Ports the movement that is the receipts
and shipments for the week, and stocks to-ni^ht, and for the
corresponding week of 1880 ia set out in detail in the foUowiug
—
—
statement:
Receipts. Shipm'ts
Augusta, Ga
Columbua, Ga...
Macon. Ga
2,160
Total, old ports..
Slock.
10,116
1,607
454
1,387
16,722
1,837
13,o0S
2,199
24,565
25,218 163,734
2.127
2.444
4,704
2,684
5,344
Columbus, Miss.*
£ufaula. Ala
720
Ga
Atlanta, Ga
Some, Ga
336
939
991
332
1,040
5,100
7,427
4,641
13,171
9,580
C.
852
5,'j2
Cineiunati, O....
11,389
3,183
7,211
2,306
800
48,314
Total,
new
Tot-.!
nil
..
Jefferson," rex...
Shrevepfirt, La..
Vicksburs, Miss
Oritfin.
Charlotte, N,
St. L0ui.-<,
Mo
port.«
• BsUmated,
100
Receipts Shipm'ts
1,195
581
6H9
Dallas, Texas.
iWeek ending Mar. 12,
24,332
17,664
7,864
10,452
6,200
86,617
10,605
2,964
2.144
1,255
1,701
1,(138
697
Montgom'ry.Ala.
Belma. Ala.
Memphis, Tcnn..
Kashville, Tcnn.
'81,
626
156
496
352
3,354
3,434
11,512
7,687
6,720
2,938
1.734
2,389
343
799
1,931
0,883
12,586
700
847
'80.
75 and lowest 33.
Dallas, Texas.— "We have had showers on one day the past
week, the rainfall reaching thirty hundredths of an inch. Crop
preparations are
2J,C49 162,428
304
225
315
325
2,750
1,182
1,581
91
1,610
3,508
11.794
4,830
2,002
2.926
500
103
735
306
52
109
566
2,735
1,270
2»8
352
10,758
4,144
2,985
7,139
4,062
31,861
34,737 121,233
14,594
17,644 127,568
5«.42fi
59.955 2«3,017
25,010
38,293 239,996
821
211
795
1
1
1.237
10,402
5,810
1,437
73.578
10.236
now
The thermometer has ranged from
active.
38 to 75, averaging 56.
—
Brenham, Texas. Farmers are now busy; some corn has
been planted but no cotton as yet. Average thermometer 60,
highest 75 and lowest 45.
Waco, Texas.— y^e have had no rain the past week.
making good progress.
hi,ghest 74 and lowest 40.
is
New
Stock.
13,714
13,602
3,173
7.230
2,351
107,896
14,454
days the
week, the rainfall reaching sixty hundredths of an inch. Farm
work is progressing favorably. Average thermometer 56, highest
work
Week ending Mar. 11.
—We have had drizdes on three
past week, the rainfall reacliing but five hundredths of an inch.
Considerable corn has been planted, but very little coil on as yet.
Average thermometer 65, highest 74 and lowest 46.
Corsicana, Texas.— It has been .showery on one day the past
Orleans, Louisiana.
Shreveport,
was clear, the
latter part has
dredths of an
Farm
Average theremometer
57,
—Telegram not received.
Louisiana.—The.
early part of the
past
week
middle portion was cloudy and rainy, and the
been fair. The rainfall reached thirty-six huninch. Average thermometer 53, highest 71 and
lowest 36,
,
^T.
Vicksburg, Mississippi.— It has rained on one day the past
week and the balance of the week has been pleasant.
Columbus, Mis-n-vsippi. Telegram not received.
Little Rock, Arkansas.— ¥rida.y, Saturday, Tuesday and
Wednesday of the p<ast week have been clear; the remaining
days have been cloudy, with light rain on Sunday, and it i.s now
raining. The rainfall reached eight hundredths^ of an inch.
The thermometer has ranged from'2«-to 64, averagmg 43.
Nashville, Tennessee.— It has rained slightly on two davs
1.
'
—
the past week, the rainfall reaching only twenty-four hundredths
of an inch. The thermometer has ranged from 26 to 56, aver-
aging
40.
Memphis, Tennessee.— Telegmm not
received.
rained severely on one day and
was showery on one day the past week, but the balance of th*
week has been pleasant. The rainfall reached one inch snd
twenty-seven hundredths. Preparations for planting are mak-
Mobile,
Alabama.—It has
March
THE CHRONrcr.E.
13, 1881.
tag good progress.
Average thenaometer
lowest 40.
Montyomery, Alabama.
—We
53,
highest 64 and
From
early part of the past week, but the latter portion has been clear
rainfall reached twelve hundredths of an
is fine, and farm work is progressing vigorously. Average thermometer 60, highest 61 and lowest 34.
Selma, Alabama. It has been cold and dry all the past
—
now warm and plea.sant.
week, but
Madison, Florida. — Wo had rain on one day the
Avorago weight of bales
Takings In pounds
in
early part
of the past weok, but the latter portion has been clear and
are
warm,
but
the
nights
are
cold.
We have
pleasant. The days
tad a frost this week, but not a kilhng frost. Planting is making
good progress. The thermometer has ranged from 45 to 65,
averaging 55.
Macon, Oeoraia. It has rained on one day the past week,
and the rest of the week has been pleasant. Average thermom-
—
— It
has rained lightly on one day the
past week, the rainfall reaching twenty-nme hundredths of an
inch. The thermometer has averaged 53, ranging from 37 to 62.
Savannah, Oeoryia. It has rained on one day the past week,
and the balance of the we«k has been pleasant. The rainfall
reached seventy hundredths of an inch. Average thermometer
—
and lowest 36.
Augusta, Qeorgia. We had light
51, highest 66
—
rain on one day the early
part of the past week, but the latter portion has been clear and
pleasant. The rainfall reached fifty-five hundredths of an inch.
The thermometer has ranged from 33 to 67, averaging 46.
Charleston, South Carolina. We had a shovver on one day
the past week, the rainfall reaching seven hundredths of an inch.
The thermometer has averaged 49, ranging from 33 to 64.
—
to Feb.
lbs.
1.
against 441
lbs.,
demand
with the supply limited this
geems to be the perfection of schemes.
We suppose that is about the form in which the argument
presented itself to the majority of the Cotton Eschange at
their meeting Thursday afternoon. At present a membership
sells at about $3,000; that is to say, one was disposed of this
is
to increase the
2,477,14o
443
443
433
...
010,200,060
Total.
1,130,130
500.643.160 1.110,843,220
month has been,
now average 443
The consumption the past
deliveries
month.
Great Britain, 272,000 bales
in
(or 68,000 bales
per week\ and on the Continent, 216,000 bales (or 54,000 bales
per week), as stated below. In the following table we give the
stock held by the mills, their takings
each month since October
each.
We
made them correspond
revision of
and
their
consumption
reduced to bales of 400 lbs.
add the figures for last year for comparison, having
all
1,
for back
months with Mr.
Ellison's
them.
1880-81.
Oct. 1 to March 1.
Bala of 400 lbs. each.
Oreat
Britain
1879-80.
Continent.
Total.
280,
137,
143,
164,
423,
234,
156
121,
390,
307,
207,
280.
210,
587,
477,
261,
261,
250,
200,
511;
461,
40,
316,
70,
Takings in November
239,
110,
555,
000,
282,
50,
190,
472,
Total supply
Consumption in No*^..
356,
269,
309,
214,
665,
483,
282,
248,
240,
225,
522,
473,
Deo. 1
Takings in December.
87,
95,
15,
49.
315,
182,
686,
34,
371,
323,
322,
645.
453,
335,
4;o,
265.
808,
600,
357,
287,
337;
258,
694,
543,
133,
209.
145,
241,
268,
510,
70,
81,
310,
281,
151,
624,
392,
270,
386,
214,
778,
484,
410,
202,
365,
208,
775,
470,
122,
289,
172,
313,
291,
602,
148,
341,
157,
285,
305.
626,
411,
272,
485,
216,
896,
483,
489,
262,
442,
234,
931.
496,
000« omiUed.
Spinners' stock Oct 1.
Takings in October.
27,
.
Oreat
Britain
27,
Continent.
Total.
94,
50,
;
8pinner.s' stock
Total supply
The Exchange cannot furnish one for less Consumption in Dec.
Hence, if the restrictions as to membership are Spinners' stock Jan. 1
week
OonHnenl.
1,347,020
lbs. last
—
CoTTo;»
value,
Oreal Britain.
The Continental
Total supply
Exchanoe and New Membership. It is very
Consumption in Oct..
natural for the possessor of any article, to favor a policy which
he thinks will enhance its value. Ordinarily a good way to add Spinners' stock Nov. 1
Oua
1.
According to the above the average weight of the deliveries
Great Britain is 453 lbs. per bale to March 1, against 454
is
Columbus, Georgia.
liarek
had showers on two days the Takings by splnuera. bales
and peasant. The
inch. The weather
eter, 54.
Oct. 1 to
293
at that rate.
than $5,000.
removed and the doors are opened wide, letting in to the priv- Takings )n January..
ileges of the Eiehange every resident of the United States " 21
Total supply
years of age, of good character and commercial standing,' Consumption iu Jan..
the easy conclusion is, there would come such a flock of appli- Spinners' stock Feb. 1
cants that no one could buy a seat for less than the Exchange Takings in February.
price, and by-and-by even the Exchange would have to raise its
Total supply
rate. This, we say, is a conclusion which follows quite naturally Consumption lu Feb.
from the premises stated.
Spinners' stock Mar. 1
139.
2G9.
408,
227,
208,
435,
But is there not a fact left out of the problem which it would
We reach, perhaps, a more striking comparison with last
be wise at least to consider and weigh? New York has no
year by bringing together the foregoing totals, and by adding
monopoly of the cotton business; it is not even a natural centre
the average weekly consumption up to this time for the two
of the cotton trade. Is it not possible, therefore, that
the
you are adopting as to commissions should drive years.
business to New Orleans ? One member in the discussion said
Oct. 1 to March 1.
it was absurd to suppose that any place could compete with
New York. That may be so if we do not by our regulations
000» omitted.
take away from the natural advantages New York possesses.
But suppose Southern agents, who have not $5,000 to invest in Spinners' stock Oct. 1.
a membership, can get a half commission when they send their Takings to Mob. 1....
business to New Orleans, and none at all when they send it to Supply
New York, where would that business go ? There are millions Consumption
of bales bought and sold at the Exchange, the orders Spinrers' stock Moh. 1
for which come from just such sources. If then these regulaWeekly Consumption.
tions should give a special advantage to New Orleans and thus
00s omitted.
regulations
1880-81.
Oreat
Britain
agree with us in our estimate of its probable rapid development. At least, it is worth considering whether, while giving
oor Southern neighbor ten points in the game, crowing over
New York as
the unapproachable cotton market of the country
will balance that advantage.
1879-80.
Total.
Oreat
ContiBritain nent.
Total,
27,
1,S25,
137,
1,251,
164,
2,776,
27,
1,520,
94,
1,237,
121.
2,757.
1,552.
1,413,
1,388,
1,119,
2,940,
2,532,
1,547,
1,320,
1,331,
1.123,
2,878,
2.443,
139,
269,
408,
227,
208,
436.
C7,0
67,0
C7,0
67,5
68,0
53,0
53,0
53,0
53,5
54,0
120,0
120,0
120,0
121,0
122,0
58.0
62,0
61,0
63,5
65,5
50,0
50,0
51,0
52,0
52,0
108,0
112,0
115.0
117,5
117,5
drive off business,
is it not presumable that in a short time
memberships would decrease instead of increase ?
It does not seem to us wise to dismiss this thought too hastily.
We have quite an extended idea of the future of New Orleans,
and any one who will study its natural advantages and open
his eyes to the new zeal its people are showing, will, we think,
Continent.
In November
In December
In January
In Februar.v
The consumption
in
Europe thus appears now to hare
attained the very large total of 122,000 bales of 400
pounds
each per week.
Jute Butts, Baggino, &c. There has been more inquiry- for
light qualities of bagging, and some speculative purchase*
have been made of light grade. The regular trade is still
quiet and prices are 8i>mfcwhat easier 1% lbs. can now be had
at 9c., 2 lbs. at 9%@10c., and standard qualities at 10M@llc.
Jute butts are steady in price, and there is a fair inquiry ; sales
are only in small parcels, but the aggregate is about 700 bates,
at 2 7-l6@2 9-16c. for paper grades and 2 9-16@2j4c. for spinning qualities.
—
;
European Cotton Consumption to March 1.— We have received by cable this week Mr. Ellison's cottoa figures brought
down
the
to
March
1.
They were issued
9th instant, and
in Liverpool.
show—according
to this
Wednesday,
authority— that,
notwithstanding the large total reached for the past four
months, the growth in European consumption is still in progress.
First,
however, we give the takings in actual bales and pounds
aince Getobar
first,
with the average weight of the bales.
—
CoMPARA-nvE Port Receipts and Daily Crop Movement.
comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same day of the
month. We have consequently added to our other standing
tables a daily and monthly statement, tlutt the reader may-
A
THE CHRONKJLK
294
constantly have before him the data for seeing the exact relative
movement for the years named. The movement each month
since September 1 has been sa follows:
Year Beginning September
JtontMy
Seceipls.
1879.
1800.
333,643
888,492
942,272
956,464
647,140
447,918
458,478
968,318
Bept'mb'r
October..
Movemb'r 1,006,501
Decemb'r 1,020,802
571,701
January
.
572,728
February.
1.
1877.
1878.
236,868
675.260
901,392
787,769
500,680
449,686
169,077
610,316
740,116
821,177
637,067
479,801
lotalycar 4,598,528 4,215,929 3,836,564 3,561,300 3,531,655 3,457,534
Pero'tage of tot. port
receipts Feb. 28...
shall be able to reach
81-95
an exact comparison of the movement for
1878.
1879.
1880.
1881.
Total
Percentag a of total
89-17
86-39
85-35
89-83
85-09
This statement shows that the receipts since Sept. 1 up to
now 479,318 bales more than they were to the same
day of the month in 1880 and 844,301 bales more than they were
to the same day of the month in 1879. We add to the table
the percentages of total port receipts which had been received to
March 11 in each of the years named.
The figures which
IiroiA Cotton Movement from all Ports.
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 10.
HOHBAT RECEIPTS AND SHIPMENTS FOR FOUR TEARS.
to-night are
—
Ship ments
ttiis loeelc.
nenl
15,000
3,185.000
9,000
1,514,000
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
5,000 184,000
3,343 89,464
8,500 -250.000
2,000 142,498
8,343 273,464
10,500 392,498
This
Since
week. Sept. 1.
Exports (bales)—
To Uverpool
•
Total Europe
A. cantar Is 98 lbs.
1,000
1.000 193.000
This statement shows that the receipts for the week ending
10 were 25,000 cantars and the shipments to all Europe
were 8,343 bales.
Manchester Market. Oar report received from Manchester
to-night states that prices are lower for both twists and shirtings,
and that the market is dull at the decline. We give the prices of
to-day below, and leave previous weeks' prices for comparison:
March
—
1879-80.
32( Cop.
TwUt.
d.
d.
Jan. 7
." 14
" 21
8>« lbs.
Shirtings.
d.
s.
9T8aio% 7
93l»®10's 7
O^gaioia (>
gae^lOHi 6
938«10H H
" 11 938®10l4 6
" 18 958®10l4 6
" 23 9ia®10i9 6
Mar. 4 9>9®1038 6
" 11 »>4® 9'8'6
" 28
Feb. 4
B.
i>fla8
®8
d
CoU'n
Mid.
A.
<^ 6\
3
6»8
e-iB
6«l«
6«,«
6'nf
8H
32» Cop.
Iwist.
Upds
d.
d.
a.
1038 «10%
10>3 al0"8
loig aio's
iOhi-a>\i
11
®ii%
9'8®8 2-'9
9^838 2'8
9'8a8 2^8
9'8»8 2-y
iiJe®ii5,
10J3*8 2''b 6'« Iiiflai2i8
10is®8 2''6 638 1138 ®12
10Ja88 Z'b «i»9 1138*12
9
®7
10ia
63ia
Cotfn
lbs.
Mid
Shirtings.
llHa 11%
d.
8.
3
7 3
7 3
®8
6
6
3
7 6
7 9
7 9
7 9
7 6
a8 6
The Following are the Receipts of Cotton
d.
d.
a8
7
7
Upldt
7'l«
li3»8 4H)
at
-88
-©8
-as
®9
®8
®8
74
7
7>i»
7^\
T^A
6
9
73b
9
9
3
New
Oreal
Britain
,
^<"<"-
sitiee
Continent.
York,
ThU
7!1,00(; I3;!,000
Since
Week.
82.000 41.000
17^,000 :i».ooo
96.000 •28.000
1
2i-J,f>00 4S.00v<
September
New
Receipts
from—
1,
Tork.
This
Since
week. Sept. 1
Since
This
week. Sept. 1,
5,847 114,846
3,868 79,821
3,792 197,216
1,735
N. Orl'ans
Texas.
Savannah
Mobile
Florida
4,59
2,601 129,719
984 33,154
3,792 198.819
.
4,600
6,487:,105,292
2,431
76,
Phitadelphia.
Baltimore.
This
Since
week. Sept.l.
This
Since
week. Sept. 1.
7,220
1,941
3,291
544 22,219
289
-20,426
1,603
43,229
118
505
16,686
18.108
80,194
132
20,379
2,075
2,402
"36
B.Car'lina
N.Car'lina
Virginia..
North, pts
Tenn., i
and
1880:
51.778
6,346' 115.848
3,010; 100,128
2,078 30,394
96
1
This year. 27,477,872,489 12,821 '305,057
2.367 .52,962
4,935 178,723
,069 899,2611 6.923!354.267
1.298 75,130
3.353 152.118
Foreign
.
La.<ityear 1
1,812
1,186
"897
—
Receipts.
1
Total.
60.000 I'.'S.OOO
72.000 100.000
4R.000 .=10.000
5,000 24.000 29,000
1880 25,000 23,000 48,000
1879 (i.OOO 4.000' 10.000
1878 8.000 13.0.10 '.il.OOU
1881
Jan.
since
'
75i«
738
738
Boston, Philadelphia and Baltimore for the past week,
reo'D tsMar. 11
Conti-
25.000
2.580,000
1879.
1880-81.
4,810,212 4,330,894 3,965,911 3,697,908 3,627,522 3,577,074
Brifn.
Keoetpta (cantars*)
This week
Since Sept. 1
1880.
1876.
1877.
Tot.Fb.28 4,598,528 4,215,929 3,836,564 S,56 1,300 3,551,655 3,457,534
7,842
10,547
17,754
6,325
16,279
20,473
Mar.l....
" 2....
12,519
9,782
8.
9,868
12,171
12,465
•'
12,817
S.
4,567
12,432
19,628
3....
16,505
10,411
" 4....
8.
32,985
19,633
10,056
22,115
8.
" 5....
17,175
8,531
13,401
7,947
21,006
19,134
6,678
" 6....
9,860
9,746
9,829
8.
15,922
8,722
8.
15,631
8,873
" 7....
28,948
6,561
15,674
12,300
16,415
12,430
24,435
- 8....
6,387
8.
16,229
8,728
" 9....
6,721
18,576
10,364
18,764
B.
8,473
6,711
19,011
"10....
8,451
14,887
8.
10,944
19,179
28,150
"I!....
Tear Oreal
1881.
Mar. 10.
82-50
87-95
the different years.
Shipments
Alexandria, Egyptf
•To Contluent ...
86-27
84-28
This statement shows that up to Feb. 28 the receipta at the
ports this year were 382,599 bales more than in 1879-80 and
761,964 bales more than at the same time in 1878-79. By adding
to the above totals to Feb. 28 the daily receipts since that time, we
pVt
—
Alexandria Receipts and Shipments. Through arrangements
we have made with Messrs. Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movements
of cotton at Alexandria, Egypt. The following are the receipt*
and shipments for the past week and for the coi responding week
of the previous two years.
1875.
1876.
98,491
678,533
822,493
900,119
689,610
472,054
288,848
689,264
779,237
893,664
618,727
566,824
XXXn.
[Vol.
Jan.
1.
282,000
268,000
184,000
331,000
Shipping News. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
103,589 bales. So far as the Southern ports are concerned, these
are the same exports reported bv telegraph, and published in
the Chronicle last Friday. With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
night of this week:
Total bales.
According to the foregoing Bombay appears to show an
increase compared with last year in the week's receipts of 6,000
bales, and a decrease in shipments of 19,000 bales, and the
shipments since January 1 show an increase of 4,000 bales.
The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for
the same week and years has been as follows.
OALCOTTA, MADRAS, TUTICORIN, CARWAR, RANGOON AND KORRACHBE.
Shipments
Year.
Great
Britain.
1881
1880
1879
1878
5,000
8,000
3,000
Shipments since January
this week.
Continent.
5,000
7,000
Total.
Great
Britain.
Continent.
Total.
53,000
6,000
21,000
19,000
64,000
19,000
32,000
13,000
10,000
8,000
10,000
1.
117,000
25,000
53,000
32,000
totals for this week show that the movement from
ports other than Bombay is 2,000 bales more than for the
same week last year. For the whole of India, therefore, the total
shipments this week and since January 1, 1881, and for the corresponding weeks and periods of the two previous years, are as
The above
ttie
from—
Bombay
Allotlierp'ita.
Total
1880.
1881.
Shipments
This
Keek.
Jan.
29.000
10,000
39.000
1879.
This
week.
Jan.
182,000
117,000
48.000
8,000
178,000
25,000
10,000
10,000
96,000
53,000
299,000
56,000
203,000
20,000
149,000
Since
1.
Since
1.
This
week.
.Since
1.
Jan.
statement affords a very interesting comparison of the
total movement for the week ending Mar. 10, and lor the three
yea» up to date, at all India ports.
This
last
9.GCO
1,000
928
son, 328
To Bremen, per steamer Oder, 1 ,046
Westphalia, 99...
To Hamburg, per steamers Silesia, 293
To Antwerp, per steamer Rhyulaud, 306
To Genoa,
1,046
392
306
per steamer Washington, 130
150
100
To Naples, per steamer Egadi, 100
New Orleans-To Liverpool, per steamers Austriillan, 6,916
....Federico, 3.600....St. Ixmis, 3,516
16,032
To Havre, per ship Scotia, 4,354... per bark Eclnedes Anges,
6,561
2,207
2.388
To Bremen, per bark America. 2,388
ship
Scioto,
Keval,
per
3,350
3,350
To
Charleston— To Liverpool, per bark Alimuri, 1,243 Upland and
1,431
188 Sea Island
To Havi-e, per bark Geo. Peabody, 2,520 Upland and 125
2,645
Sealslaud
Richard
To Bremen, per steamers Nio, 3,900 Upland
per bark Sandviek, 2,001 Upland 9,176
Anning, 3,275 Upland
To Barcelona, per brigs Amable Antonio, 910 Upland
Moralidad,
Lista, 540 Upland
Daria, 207 Upland
1,957
300 Upland
Upls»id.
Mayo,
2,492
steamer
2,492
PORT Royal— To Liverpool, per
Savannah— To Liverpool, per steamer Mayo, 1,154 Upland....
Upland
Peebleshire,
per barks Minnie Gordon. 2,580
.-.
7,178
3,161 Upland and 283 Sea Island
WayTo Bremen, per barks Broidablik, 1,330 Upland
3,905
farer, 2,575 Upland
Kronos, 1,260
To Reval, per barks Elisor, 2,250 Upland
5,360
Upland....VascoaeG.-uua, 1,850 Upland
3,902
To Cronstadt, per ship Gettysburg, 3,902 Upland
1,226
Iexas—To Liverpool, per bark Eosita, 1,226
1,225
To Cork, for orders, per l).ark Bjorntraa, 1,225
2,033
,
To Havre, per schooner Weybosset, 2,033
per barks Eva, 1,400
To Reval, per ship Ismlr, 4,150
7,750
Imperator, 1,900
1,138
Wilmington-To Liverpool, per brig C. F. Maas, 1,138
5,460
NORFOLK—To Liverpool, per steamer Norfolk, 5,160
.
EXPORTS TO EUROPE FROM ALL INDIA.
Europe
Llveri>'«il. ner stea>/iore City '/i Chester, 6^0
ltii\v. -2.144.i...8cythia. 131
City of Montreiil, 1,173
Komeper suiiis 1>Jjb i^'.jtario, 462
Wiscousin, 2,3Uo
dal, 2,391
Sorrento, 500
To Hull, per ste.amers Otranto, 500
per ship E. W. Stctr
To Havre, per steamer Canada, 600
>.
follows.
to alt
Hew York—To
—
—
Mabch
THE CHR0NJ(;LE.
12, 1881.1
Total bale:
Liverpool, p.'.r steamer Caribbean, 545
per Btcainer Koln, 700
MaraBoston— To Liverpool, per steamers Illyrlan, 1,060
Polynesian, 114
Pembroke, 3H<
thon, 526
steamer
BrltlBh
Crown,
1,517.
Philadelphia— To Liverpool, per
Baltimore— To
To
.545
700
Bri'iiieu,
103.589
^...
Total
2,046
1,517
The particulars of these shipments, arranged in oar osoal
form, are as follows:
orders. Hull. Havre.
pool,
York.. !»,650
N. Orleans. 16.03'2
New
Charleston
Port Key ai
i^avannah..
Norfolk....
Baltimore
Boston
bur a.
ttadt.
3,905
'.'.'. '.'.'.
i',225
;:;;;.
"700
;;:::;
......
...
Total... 48,715
lona.
13,572
28,331
1,957 15,209
2,492
20,345
12,234
1,138
5,460
1,245
2,016
::::;;
1,517
9,262
7,750
2,633
::: ;::
2,046
1,517
Philadeip'tt
Cron- Bare4-
1,433
6.561 2,388 3,350
2,645 9,176
...
...
545
.
Ham928
1,000
1,431
2,492
7,178
1,226
1.133
5,400
Texas
Wilmington
Bremen Reval
and
and
Cork,
for
Liver-
'.'.'.'.'.'.
1,000 12,167 17,607 20,362
1,223
The actual sales of futures at Liverpool (or the same week are given
below. These sales are on the basis ot Uplands, Low Middling clause
onless otherwise stated.
8AT0RDAT.
D*livery.
d.
Mar
Delivery.
I
6»is
Mar.-Apr
Apr.-May
I
68,
6:%
news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
all
Batavia, stoainor, from New York for Ijtverpool, before reported towed
into Payal with loss of propeller, &c., left the latter port Fob. 20 in
tow and arrlvtMl at Liverpool March 8.
Cakauoc, steamer (Br.), from New Orleans for Bremen, with cotton, put
into Halifax March 3, (or bunker coal, with aheavy list to port. Slie
was rlKlited by ballustini,'. One of her aid and one of her bilge
pumps were out of order. In dooklns, the port quarter of the vessel's rail .tas damaged. 8h» sailed Marcli 6.
Peer of the Realm, steamer (Br.), from New Orleans for Rotterdam,
before reported, which put into Key West on Feb. 28, with side pori;
stove in, sailed Marcli G, damages having been repaired and wet
cotton restowed on d'ick.
Pkisz Fkiedrich ^'arl, steamer (Ger.), before reported, from New
Orleans for Keval. The damaged cotton landed at Baltic port from
steamer Prlnz Friedrich Carl, amounting to about 2,000 bales,
were to bo sold by auction on Feb. 21.
West Stanlev. steamer (Br.), before reported ashore at Oesel. The
following telegram relative to the stranding of the steamer West
Stanley was received in Loudon Feb. 22, from the Neptun Salvage
Company '• West Stanley stranded at Filsand, Island of Oesel.
Our steamer Neptun, under great dilliculties, arrivad at Wisby with
77 wet bales; the sea was full of ice the whole distance between
Oesland and Gotland; quite impossible return Oesel for the
present. Poseidon fast in tlie ice three miles from Stanley, probbaly until sjiriug. Stanley's rudder, stern post, propeller blade
broken br ice steam (>ump8 still able clear out wuter."
City of Richmond, bark, before reported, from Mobile for Liverpool.
Up to Feb. 21 1,800 bales of cotton h,id been lauded from bark
City of Richmond, ashore at Holyhead. About 200 bales were reiwirted dry or could bo made merchantable.
It was not then
thought that any more dry bales would be recovered, Tne bark
broke up ou March 0.
d.
June-July
July-Aug
Delivery.
d.
eif
Msy-Jone
eiis
6",,
Sept. -Oct
6IH1
I
|8opt.-Oct
67,8
MOKDAT.
Har.
6*3i'a^
Mar.-Apr
6>33» I4
6>ij,3S,,
Apr.-May
.MayJune.. ..613ao3%
June-July
6''is
June-Juir
Aug.-Sept
Mar.-Apr
6"a
6733
Apr.-May
flSjj
61'm Mar-Jane
Apr -Mar
May-June
July-Aiig
Aug.-Sept
Mar
67,3
6733
July-Aug
Aug.^Jept
67,g
61633
6''33
8«|)t.-Oct
6»u
61''33
81>it
6H
6»;j
9*t
67,j
6>6»,
June-July
July-Aug
Mar.-Aprll shipments, Orleans
sail. Mid. clau«e.63is
61S3,
Aug.-.Sept
8ept.-Oct....6"»j»»n
TOESDAT.
Mar.-Apr.
Apr.-May
.
Mar.-Apr
Apr.-May
June-July ...61333«3a .May -June
Uogr-Juue. 6113336,,
1,957 103,589
Tnoluiled in the above total from New York are, to Antwerp, 306 bales;
to Uenoa, 150 bales, and to Naples, 100 bales.
Below we give
29 5
JunejQly
eiija
July-Aug
Apr.-May
61»M
6»m
May -June
6I4
66,j
638
Sllj*
June-July... 67,,9Uja
Wednbsdat,
Mar
Mar.-Apr
April-May
....
May-June
6S,,«i8
6632® ig
6i4®3ig
6i'33
June-July. ..6ils3'a»33 NoT.-Deo
Jiily-Aug
63e»ii.'t3 May-June
Aug.-Sept
61333335] »ept.-Oot
I
|
6I4
a H Sopt.-Oot
TBDBSDAT.
|
Mar
Mar
663333,8
Mar.-Apr
66^3^3,,
Apr.-May
6733*14
May-June.6i4a832*^i6
Mar
6^8
61333
61a
Mar.-Apr
63 .g
Apr.-May .6»saa 143^32
6
Jimo-July
'33
Mar
63ig
May-June
a»iJ
June-July ..C^aaiisi
»6j»
Aug.-Sept
61633-9
5733
July-Aug
V^^
|
Mar.-Apr
67,3
May-June.. .O'lssa'is
Oot.-Nov
6^33
June-July. ..li^i^ai:^^
Aug.-Sept
Oct.-Nov
Nov.-Dec
6
I
I
I
6»s,
6S»t
63ie
614
6»i»
Mar.-A;
r.-Apr
Apr.-May
May-Jiuie
July-Aug
6*33
636
FBI DAT.
Mar
Mar.-Apr
AprU-Mar
63ig
§3,g
....63,eal3j
May-Jnu».673aa'4®932
I
|
June-July ....6i'3o36,g
July-Aug
61133
asa^i'sz
I
Sept.-Oct
0733
6U,
Oct -Nov
Nov.-Dec
1
|
I
MayJune
|
June-July
6
,614
6»sa
:
;
Cotton freights the past week have been as follows:
Satur.
iton,
Urerpool, steam d. '32® '32
Do
s»il...d.
Havre, steam
Do
e.
3l8»H
3l8®»4
"a
13
»ia
»I8
9l8
''is® la
'is® la
'is® la
»a
la
8ail...(f.
la
hi
la
la
d.
sail
la
»8a'ii6
sail...(j.
steam
la
la
>a
>4
•a
Amst'd'm, steam-c.
Do
3l6®'4
3je®i4
.c.
sail
Do
Fri.
3i8®l4
»16al4
la
>3
Hamburg, steam. <{.
Baltic,
Thurt.
3isa.i4
3l6®'4
c.
Bremen, steam,
Do
Wednea.
e.
sail
Do
Tues.
''33®'>32
13
hi'
"is
IS
^1«
e.
"18
—
Liverpool. By cable from Liverpool,
statement of the week's sales, stocks, &c
we have the
following
at that port:
,,
BRE ADSTUFFS.
FaiDAT, p. H., Mareh 11, 18S1.
There was some depression
market early in the
week, in sympathy with the check to the advance in wheat
and a falling oS in the export demand. Bat yesterday there,
was a revival of business and a recovery in prices.
The
approach of the season for the resumption of navigation of the
rivers of the North and East gives an impulse to the home
trade, and this competition with shippers served to support
values. To-day trade was slow and prices nominal and unchanged.
The wheat market was somewhat depressed during the first
half of the week under review. The export demand was less
urgent, the speculative support was in a measure withdrawn, and
there was a partial resumption of railway transportation at the
Northwest, which promised better supplies soon. But yesterday there was some renewal of strength and activity. No. 3
red winter sold at $1 2\^@l 2i2 on the spot, $1 20M(gl 21 for
April and $1 19?4@1 20 for May; and No. 1 white at $1 18%
on the spot, $1 18^ for April and $1 17 for May. Spring wheat
To-day the market was dull and prices
was nearly nominal.
rather easier.
Sales of the week
bales.
Bales American
Of which exporters took
Of which speculators took..
Actual export
Forwarded
Total stock— Estimated
Of which Ainerican— Estim'd
Total import of tlie week
Of which American
Amount
afloat
57,000
47,000
5,000
2,700
4,400
21,000
718,000
556,000
124.000
lO.i.OOO
380,000
308.000
Of which American
March
Feb.
41.000
31.000
3,500
3,000
6,000
22,500
713.000
556,000
5H,000
51,000
391,000
32(!.000
i.
51,000
41,500
3,200
3,700
3,200
17,000
711,000
537,000
62,000
32,500
421,000
319,000
March
\l.
47,500
39,500
3,000
2,700
4,900
11,!>00
728,000
552,000
75,000
03,000
401,000
336,000
The tone of the Liverpool market for spots and futures each day
of the
week ending March 11, and the daUy closing prices of spot cotton,
have
boon as follows:
com
has further advanced for mixed, especially for
is materially lower, under better supplies.
Yesterday No. 2 mixed sold at 58>2@59c. on the spot,
56%c. for April and 55@55>ic. for May; and No. 2 white WestIndian
Feb. 18.
in the flour
early arrivals, but white
em sold at 61c. To-day the market was dull and ^@^c. lower;
steamer No. 2 mixed, 57^c, Eye has been dull, and prices
were barely supported. Barley has been dull, unsettled and
drooping. Oats have been variable, but, on the whole, are
without important change, closing weak, with No. 2 graded at
43?ic. for mixed and 45%c. for white; also No. 2 mixed at43J^c.
and 43c. for May.
The following are closing quotations:
for April
Qraln.
Flour.
Saturday Monday.
Spot.
Market,
12:30 p.M
Flat and
Irregular.
Mid. Upl'ds
Mid. Orl'ns
6*10
6%
Weak.
65i«
Tuesday.
Tendinif
dowDW'd.
No. 2
Wedtiet. Thtirsd'y.
Very
flat.
6I4
6I4
661a
6h8
Steadier.
6>4
Fnday.
Quieter.
614
Market,
5 P.M.
Bales
5,000
Spec.iexp.
500
7,000
500
7,000
7,000
500
500
10,000
1,000
8,000
1,000
Futures.
Market,
irket,
5 P.M.
p.
i
(
Weak.
aoscd
weak.
Dull
and
easier.
SbW.$3 10*
Winter superfine
3 853
3 703
Spring superline
Spring wheat extras.. 4 403
do XX and XXX... 4 853
Wis. <t Minn, rye mix. 4 753
Winter shipp'g extras. 4 603
do
weak.
Weak.
Bteadr.
Wheat-
4 70
6 25
5 25
5 00
Red
XXandXXX... 5253 650
6
Patents
City shipping extras. 4
Southern, bakers' and
5
family brands
South'n ship'g extras. 4
superline..
5
Rye flour,
Com meal—
Closed
3 60
4 10
3 90
We«teni,4c
Bnuidywine, Ac...
503 8 25
503 5 75
753
753
30»
6 75
5 50
5 50
2603 300
3 059
310
Spring
Red winter
winter. No. 2
1
21ia91 22
112 ®119
White
Com— West,
110 •120
112 •3126
mixed
West. No. 2, new.
Western yellow..
Western white ..
South. yell'w,new
South. white,uew
Rye
Oats— Mixed
White
Barley- Canada W.
State, 4-rowed...
State, 2-rowed...
?ea8—Cao'da,b.ibf.
56 « 59
57is» 581a
3
59 ® 62
67 3 59
60 3 63
98 31 03
42 3 4411
43ia9 48
95 ®1 22
86 '3 93
83 9 83
82 9 9S
THE (CHRONICLE.
296
(From the " Ifeie 'Baric Pro^hiet Exchanae Weekly.")
Beceipts of flour and firrain at Western lake and rivn
for the week ending? March 5, 1881
"~
bb!t.
At—
.
(19«
.
Milwaukee
Toledo
9.522
2,812
36,351
6,700
Detroit
Cleveland
Bt. Loula
Peoria
Dhlca,Io
Milwaukee
DiUutU
bush.
(56 lbs.)
470.162
10.800
102.447
15,966
43,500
729.665
204,850
289.356 2S.200
13.500 14,380
2,445
17,792
6,233
16,300
600
118.303 44.126
68.900 10,600
7.786
10.275
524.289 1,577,390
774,805 2,661.877
527.096 101.139
299.570 123,510
21.887
33,465
lbs.)
86,170
66,706
30,879
11^,321
4,500
180.538
13,175
Oats,
)
3.29(i
3,530
Total receipts at same ports from Dee. 27 to March
siTe, for four years
Fiour
Wheat
0,143,713
12.645.239
5,325.140
2,186.817
350,944
bush.
Com
Oats
Barley
Bye
Total grain
26,651,853
.
Detroit
Oswego
Louis
Boston (26tb)
Toronto
Montreal
inclu-
5,
Philadelphia
Peoria
Indianapolis
Kansas City
Baltimore
On
rail
Canal and river..
Wheat,
Com,
Oats,
bush.
bush.
bush.
371,489
7,864.903 •5,229,882 1,519.390
3.221.555
22.332
26,713
1,297,000
5.000
1,967.3.53
431,332
52,353
1,050.527
3.733
5,620
40.(K)0
60,000
1,185,972 2,203,796
8,364
91,850
314.496
79,195
193,456
500
61,432
17.100
3.912
1,031,636
218,801
153.605
27,725
218.489 127,829
346.160
136.100 148.800
280,925
115,836
81,053
1.101,062
475,633
391,297 1,093.346 458,226
1,328,282 4,056.435
76,669
1880.
960,431
1878.
1,116,309
1879.
1,123.359
10,870,693
9.974,422
3,431,041
459.360
11.803,397
13,761.934
3,481,596
1,339.094
581.792
36.106,336
,30,968,313
26,530,774
7,875,020
22,S9i>.62.'<
3,552.682
1.328.651
l,778,0t>9
525,9-19
Conjparative receipts (crop movement) at same ports from
1 to March 5, inclusive, for four years:
1880-81
5,1P3,703
1879-80.
4.159,182
1878-79.
3.971,715
1877-78
3,883,703
59.340,556
73;434,147
26.454,645
10,074,639
2,812,750
66.171.023
64.570.153
16.975.937
9.181,395
3,273.016
67.892,761
53.829,329
20,342,578
8,380,870
1.538.135
54.355,984
45,064,03n
15,842,598
8,217,529
2,502.766
Total Kraln.... 172.116,737
160,171.554
151,9&3,673
125,982,915
tibia.
Wheat
tash.
Cam
Oats
Barley
Bye
Ctomparative shipments of flour and grain from the
ports from Dee. 27 to March 5, inclusive, for four years:
rUmt
bbls.
Wheat
bush.
Oom
Oats....
Barley.
Bye....
Total grain
same
1881.
1,535,219
734,434
1879.
1,217,460
1878.
1,177,589
2,667,219
7,546,539
4.760.811
1.238.935
429,963
2.001.116
11.369,993
2,154.076
648,315
328,839
4,972,719
6,610,501
2,312,220
886.802
242,827
9,171.538
6,715,527
2.028,673
932.994
282,852
16,643,467
16,502,339
15.025,069
19,131,581
1880.
Rail shipments from Western lake and river ports for the
weeks ended
1881.
Hour.,
.bbls.
Wheat
bash.
Oom
Week
Week
Week
Mar. 6.
102,472
140.493
1878.
Week
Mar. 9.
113.787
DIar. 8.
220,380
U6
1,729,023
212,196
73.306
20.311
749,585
638.510
259,935
71.986
23,619
756,506
1,169,284
368,926
88,478
37.513
1,561,359
2,235,216
1,743,635
2,311,877
207,297
I^e
Total
1879.
1880.
Mar. 5.
139,813
862,
Oats
Barley
Bail and lake shipments from same
Week
Flour,
bbls.
ending—
Mar. 6... 139.813
Wheat,
bush,
Feb. 26. -.112.632
Feb. 19. -.122,3.59
Feb. 12...115,3S9
207.297
223.545
141.274
189.745
Tot.,4 wks.520.193
4 W'ks'80.. 369.609
761.861
813,834
21c),110
112.689
53,988
ports for last four
Corn,
bush.
bush.
368.926
451.499
862,146
761.914
667.959
709.352
weeks:
Barley,
bush.
Oats,
Rye,
bush.
605.930
88,478 37.512
70,162 28.157
77.993 29.831
91,975 42,701
3.001.371 1,912,711
6,557,812 931.474
337.613 138,201
393.792 117,605
516.3.56
Receipts of flour and grain at seaboard ports for the week
euded March
5:
JTour,
Atr-
bbls.
Sew York
hush.
Barley,
Oals,
bush.
bush.
bttsh.
474,825
186,997
72,000
3.886
210,000
523.900
435,231
263,600
64,712
2,500
52,250
2,650
53.000
9,500
63,173
19,800
963.978 1.906,842 457.085
833,395 2,550,207 213,827
74.700
87,181
Baltimore
Kew Orleans
1,836
97,000
303.000
153,506
Total week
Oor. week '80
233.274
166,541
Portland
Montreal
Philadolpliia
Oom,
Wheat,
118.220
36.099
1 5.250
7.274
13,735
25,603
21,493
Boston
384,336
29,250
Rye,
bash.
23,892
200
2,800
22,000
Total receipts at same ports from Dee. 27 tD March
sive, for four years
4S.'<92
27,358
5,
inclu-
1881.
2,315,777
1880.
1.635,392
1379.
1.827,289
1878.
1.579.379
bush.
7,907.35
11,579,932
3,979,605
1,057,144
341,206
6,285,767
18.103.322
2,970.338
993.446
187,077
13.709.419
16,031,551
2,674,220
835,819
361,091
12,882,975
16,916.908
2.375.239
1.509,516
451,288
-Total grain ....
24,863,211
28,539.950
34.325,130
31,133,920
Ronr
heat
Oom
bbls.
Oats
Barley
Xye
The
supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and on canal frozen in, March 5,
visible
esi:
In store atYork
Hew
Do. afloat
Albany
(est.)
Bye,
bush.
231,081
272,417
378,682
8.968
23B.612
37,440
45,000
17.940
315,000
29,544
12.274
339.894
4i".6bo
1.307
173
G85
3,746
2,303
12,723
8,433
3,515
5,000
11,019
599
102.878
380,000
50',7'l2
Tot. Miir. 5, '81 24,356.235 15,662,758 3.408.451 2.868.123
Feb. 26. '31
25.748.690 15,541,2813.427,506 3.036.710
Feb. 19, 'SI
26.403.003 15..391.993 3,433,099 3,082,724
Feb. 12, '81
27,167.389 16.097.600 3,531.647 3.197.564
Feb.
27.495.468 16.199.062 3,143,994 3.J05.281
5, '81
Mar. 6, '80
27,259,532 14,970,644 2,804,575 3.509,077
•
16.130
Wheat,
bush.
1,956,612
440,000
107,000
Com,
Oats,
1>ush.
bush.
912,910
118,000
26,000
461,686
50.000
122,000
Barley,
bush.
230.884
210,000
260,000
Rye,
bush.
50.354
140,000
02,100
7(13.652
767.919
700,972
692,485
736,729
831,163
Including 629,493 bushels afloat.
THE DRY aOOD3 TRADE.
Aug.
XIODT
Barley,
bush.
:
1881.
1,529.571
bbls.
Toledo
at.
Dnluth
Total . -. 128,562
Bame time '30. 100.837
—
In Store at
Buffalo
Rye,
Barley,
bush.
bush.
bush.
(32 lbs.) (48 lbs.) (56 lbs
(60
lbs.)
50,488
23.059
Oblca^o
Com,
Wheat,
btuh.
Flour,
ports
[Vou XXXIL
Friday, P. M., March 11, 1881.
The demand
for dry goods has been spasmodic and irregular
the past week, owing to the unsettled condition of the weather.
There was a moderate degree of activity in the jobbing branches
of the trade, but business continued quiet with commission
houses representing manufactures of domestic cotton and
woolen goods, and there was a sluggish movement in foreign
goods from first hands. There is, however, a large force of
both wholesale and retail buyers in the market, and it is
generally thought that a brief period of spring-like weather
will give a marked impetus to the demand for many kinds of
spring and summer goods that have thus far received less attention than usual at this stage of the season. The auction rooms
were well patronized during the week, and large quantities of
silks, millinery goods, woolens and domestic worsted dress
goods were disposed of through their medium at prices which
fairly represented their market value.
Domestic Cotton Goods. The exports of domestics hence to
foreign ports for the week ending March 8 were 2,373 packages,
including 1,634 to China, 195 to Hayti, 15G to U. S. of Colombia,
15.5 to Great Britain, 107 to Mexico, 46 to Hamburg, &c.
The
demand for cotton goods at first hands was mostly restricted to
small lots required for the renewal of assortments, and new
business was light in the aggregate; but there was a fair movement in brown, bleached and colored cottons on account of
former orders. The jobbing trade in cotton goods was moderately active, and while liberal sales were made in package lots
by some of the larger jobbers, the piece distribution was of fair
proportions.
Agents' prices are nominally unchanged, and
the most desirable makes of plain and colored cottons are generally steady; but outside makes are in some cases a trifle lower,
Print cloths were in moderate
in both first and second hands.
demand and easier, at 4c. for 64x64s and 3^c. for 56x60s. Prints,
lawns and printed cotton goods remained sluggish, but there
was a liberal movement in ginghams, in which both dress styles
and staple checks participated.
Domestic Woolen Goods. The demand for mens'-wear
woolens has been irregular, and on the whole disappointing to
holders. The display of new heavy-weight ca8.siraeres has become more general, and fair orders were placed for some of the
most popular makes by the clothing trade; but the demand has
not realized expectations. Spring cassimeres and worsted coatings ruled quiet in first hands, and the jobbing tradu was sluggish. Worsted coatings were dull as regards light-weight
fabrics, but fair orders were placed for heavy good.-5.
Fancyback overcoatings continued in moderate request, but beavers
and cloakings lacked animation. Heavy satinets were fairly
active, but Kentucky jeans were dull, and operations in flannels,
blankets and carpets were mostly of a hand-to-mouth characWorsted dress goods were in moderate request, and the
ter.
feature of the week was an auction sale of 1,360 czises plain and
fancy fabrics manufactured by the Arlington Mills. The sale
was largely attended, and good average prices were obtained.
FottEioN Dey Goods have shown rather more animation in jobbers' hands, but business was only moderate with importers. Fine
black silks and specialties in fancy silks were in fair request,
but low-grade black and colored silks ruled quiet. Dress goods
were in irregular demand, and linen goods, woolens, whita
goods, embtoideries, &c., were in moderate request.
—
—
MABCH
THE CHRONICLE.
12, 1881.]
Financial.
Financlal.
&
A. H. Brown
Co.,
BANKKltS AND BBOKEUS,
kT
'
Tirall St., <)»r.
New, New
K
Gwynne & Day,
No. 4a Wall Street
Transact a general banklnx and brokeruKe bnslnesa In llailway Shares and Uundi and Uovernment
ecnrltlos.
Interest allowed on deposits.
iQreatments carefully attended to.
R.
Kimdall &*
*T.
New
trt.
York.
ttjreart mrmttrtii/ in N, Y. Sttek £jcckMMgik
^
S»ur mtuf Se// #» Cemmhsien. for Cask^
m
. Jtargin, SIxis, Bondi^ and all Immlmtmt
Stcuritiu^ in loU to tmiU
Geo. K.
Sistare's
NASSAU
17
ST.,
Sons,
NEW YORK,
DEALERS
Is
mlnlHtrator.
It can act as agent In the sale or management of
real estitte. collect lntert??<t or dividends, receive
registry and transfer books, or make purchaae and
sale of (i(»verriment and other securities.
Religious iind cliurituhlf institutions, and persona
unHccnstouicd to the triiiisuctlon of business, will
ttnd this (Company a safe ami convenient depository
for money.
RIPLEY Klll'ES, President.
CllAS. R. .MARVIN, VIoe-Prea't.
Kendall,
Mew
Kin. all sccuritlos dealt in at the
&
Sand Brothers
Co.,
or on mar»
York Stock
Interest allowed on daily balances.
All deposits subject to oheck at stgbt.
Particular attention to orders bj mail or tele*
Craph.
COMMISSION.
7
Bailey,
N. T.
Stocks
A SPECIAL.TY,
Caah paid at once for the above Seanritle.i! or
th67 will be sold on commission, at seller's option.
&
BONDSr
S£C11R1TI£S, GITT
Gas Stocks,
No.
NEW
ST., ALBANY, N. Y
Transact a General Ilanklnt: Business.
STOCKS and BONDS BouKht and Sold on Cos.Mission, and carried on Maruins.
Deposits received and Interest Allowed-
Fred H. Smith,
BANKER AND KROKEB,
&e.,
No. 42
Municipal
&
F.
NEW YORK.
19
68 Broadiray, cor. Exchange Place,
TRANSACT A GENERAL BANKING BUSINESS
INCLUDING TUR PURCHASE AND S\LBOK
STOCKS AND BONDS KOR CASH OR ON MAKGIN. BUY AND SELL C0MMJ5UCIAL PAPER.
P. O. BO.X 447.
KIUUU.N hZLSHO,
V. a. 8AI,I0.NSaAI.L.
'
<
redlta.
of Es-
Bllli
'ransfers.
IN
RAILROAD
3
I.
at the "
0»
Branch
AND
33
PINE
ST.,
and Private Wire
New York
H
Charles Seton Uenry.
Henry
&
Cuhtis.
W. Howard Gildbb
Gilder,
BROADWAY, ROOM
10.
and
BONDS
At Auction.
The Underilgiied hold REi'.JULAR
SAI.es of all cluises of
AUOTIOW
STOCKS AND BONDS
ON
WEDNESDAYS AND SATURDAYS.
ADRIA!«
No. 7
Western
St
CO.,
NBW YORK,
CONGRESS STREET, BOSTON,
UNION BUILDING, CHICAGO.
«:.VI»ITAI, STOCK,
$200,000
offers to Investors curefully-selected securities
be.irinifrom 8 to 8 per cent interest. Investment
„„_
Prea. t "«" York.
Luoiirs L. Uuuiuiiu, Asst. Vlce-Pre8„noston
)
_.„
W«. P. WAI80N, Sec. and Treas.,Chlcaco.
.
]n(JL.!r.ER
SON
dc
NEW YORK,
D. Probst
No. Si
EXCHANGE PLACE, NEW YORK.
STOCKS, RAILROAD BONDS, GOTERNUBNTS AND
MlSCET.LANEons SErrKITTK!) BOPOHT AND Soi.n.
set 11. 'ides bought
raeiiLs made for
and sold on commission. Settleholders of defaulted securities
Will act as agents in funding and reorganizing debts
{>f municipalities, railroad
ct)in)ianies, and other
corporations. Oorrosponoencu solicited.
II.
PINE STREET,
& Co.,
STOCK AND BOND BROKERS,
J.
No. 19
John C. Shout. PiBsi.icnt.
Okokge W. Dkiikvoisk, v.
Office
margin, all securities dealt In at the
Stock Exchange.
R. R. Lear.
C. I. HnnsoN,
T.
Member N. Y. Stock Bxcb.
IN.
New England
Co.,
Cdmbeuland," Broadway and 22d Street.
Buy and aell on commission, for Investment or on
STOCKS
SEE GAS QUOTATIONS IN THIS PAPER
York,
&
Members New York Mining Stock Exchange.
SECURlTIEf.
DEALT
Hudson
STOCKS, BONDS AND MISCELLANEOUS
SECURITIES
BOUGHT AND SOLD ON COMMISSION.
STREET RAILROAD STOCKS AND BONra
BROOKLYN
SECCTRITIES.
EXCHANGE COURT, NEW YORK,
52
GAS SECURITIES,
KI.VDS
FRSD. A. BROWK.
SPECIAL ATTENTION GIVEN TO THE NBOO.
TlATION OF
C.
GAS STOCKS
AND ALL
BROWN.
BANKERS,
Prentiss,
H.,
H.
11 Pine street, Ne^r York.
BROAD STREET, NEW YORK.
NOS.31
So.
WAL8TOH
NOYES,
INVESTMENT
&
i
'*:ible
First-Class Invextinent Securities.
GOVERNMENT BONDS, STATE, CITY, COUNTr
RAILROAD A MISCELLANEOUS SECUBITIKS
MISCELLANEOUS SECURITlSa.
New
BANKERS,
Hamburs.
Walston H. Brown & Bro.
Co.,
AND
STREET,
Messrs. John Berenberir, Gottsler As Co.,
Commerdsl and Traveler
AND
Market Kates.
WALL
millam
Street, New York.
CORRESI'ONDKNTa or TU
Internntlonal Bank of liOml. u (Limited),
l«ondnn.
32
Stark.
TRUST COMPANYS' STOCKS,
City and other Bailroad Stocks & Bonds
Railway Uenda and Coupons bought and sold at best
Groesbeck & Schley,
BROKERS,
Ruckgaber,
BANKERS,
Bought and Sold on Commission.
Tax- llecelv<Mt Coupons Bouaht.
GAS STOCKS A.^D BO.\DS,
TELEGRAPH STOCKS,
and
GllANT B. SCHLET,
Stock Kxohange
&
Schulz
Interest Allowed on Deposits.
John
C.
Geo.
.
No 13
ties.
Tiffflnia
Buy and sell Investment Securities for cash or on
oommlssion. A specialty made of Western Farm
MortRages bearlnfc from 7 to 10 per cent interest.
Will undertake the nef^otiation of loans upon
Western City property In large or small amounts.
RAILROAD SECURITIES
(An Intimate knowledge of all for the past 10 Year
A 8PKCIA LTV
Investors or Dealers wishing to bay or sell are
Y.
62
SOnlUBRy .SKCUK/riKI A aPSOJjLLIT.
loans negotiated.
BUOAD STREET, «BW YORK.
.Members N.
Co.,
BANKERS,
CEDAR STRBET.
In addition to a General Banking Bnalneaa, bnf
and sell Government Bonda and Inveatment Secnrt*
YORK.
DEALER
Cob. MAtnKN I.ANK A JAMKS
BBNBST GB0«8B»CK,
&
Gilman, Son
BAKKKRS,
BROADWAY, NEW YORK,
AiSO,
8tatv,
Chicago
NEW STREET,
1
WM.
Francis,
Invited to communicate.
or
QUINLIN d: CO.
Correapondenta, JOHN T, LESTER A CO.
R. A. Lancaster & Co.,
BANKERS AND BROKERS,
66 BROADWAV, NBW YORK,
BANKERS AND BEOKBR8,
21 NASSAU STREET, NETV YORK,
TO Broadway &.1S New St., New York.
No. 13
C'lIAIKlE
DEAI.EU8 IN
BROOKLTN
DealinKB In
Trask
lUNDEU
Metmrn. L. O.
cbtnge.
Beers, Jr.,
George Stark
PINK STRJSBT.
Insurance
GRAIN AND PROVISION DEPARTMENT
COMMERCIAL PAPER NBQO'CIATEO,
OxoKQi Stake.
S.
PRIVATE WIRES TO
r
BANKERS AND BROKERS,
£4 Trail Street, New York.
STOCKS AND BONDS BOUGHT AND SOLO ON
Kxchange.
E.
NEW STRBET
13
Windsor Hotel,
Cumberland.
Delmonlco'f.
auaey Houae,
Phlladel^lA.
Th«o. V. Sanp
.<Iax b. RAwn.
JohnSickils.
iCuwARV A. Pktit, McmberN. Y. Stock Exch.
IN
Buy and Soil on Commission, for cash
Willard,
BROADWAY AND
Henry Sanger,
Alex. McCuc,
John P. Holfe,
Ohas.It. Miirvln. A. A. Low,
B. K. Knowlton, Abm. B. Uiiyila, Ilenrv K.Sheldon,
U. K. Plerrepont, Dan'IChiitineey, John T.Martin,
Alex. M. White, Joslah (>. Low, Kipley Kopea,
Auatin Corbln. Eitmunil W. Corlles.
WM. R. BUNKKB. Sooretary.
&
Scranton
7a
TRUSTEES:
Wm. B.
INVESTniENTS.
FIRST-CL.ASS
Brooklyn, N. T,
Co.,
BANKERS and BROKERS
4 Exchange Co
sta.,
authorized byapedal charter to
act as receiver, truatce, Kuardlkn, executor, orad-
INVESTMKNT SECUniTIKS.
1854.]
Montague A Clinton
This Company
KSpcolal attention to bualness of oountrr banka.
^^gtilabllshed
The Brooklyn Trust Co.
Cor. of
Ifork,
Fiaanfslal.
Hickling
& Co
,
42 Exchange Place, New York,
Buy and sell all N Y. Stocks, on 3 toS per cent mar-
40
Sc
gl.T.
PrlvllcKes at favorable ra cs. »i5U. 100 shares.
we will use our Judgment In selecting
stocks.
Opportunities consiuiitiy occurring lor
large proUta. Call or write for infurmution.
If desirtd,
THE
Tl
('HRONK^LE.
Financfal,
Financial.
KSTABLI8HSD
1864.
•Cofeman Benedict & Co.
BKOAD
So. 21
STOCKS AND BONDS,
MEMBERS OF THE N. T STOCK EXCHANaK.
A strictly commlasion business conducted in th^
Commercial Cards.
Vernam & Company, E.R.Mudge,Sawyer&Co
AORNT8 FOR
BANKERS AND BROKERS, Wasltlneton mila,
Ohlcopee Mfe, Co.
No. 34
NEW TOEK,
ST.,
Buy and
New
New
Street,
Sell Stocks,
Burllnston TTooIen Co..'
York.
Bonds and GOTemments a*
Commission, either for iaTeBtment or on margin.
Albkrt H. Vernam,
Edward N. Boxd.
Member N. Y. Stock Ezchai^e.
Wm.
Wm.
Breese,
L.
p.
Skith,
Members of New York Stock Exchan^o.
purchase and sale
Stocks and Bonds «n HarRtn
or for investment.
Complete KlnanciH. Beport Issued weekly to car
&
Breese
correspondents^
Smith,
Ellerton
No.
BROAD
29
'
Investment
all
Ciiy, Chlcaco, Cincinnati,
l>oui», DlHtrk't of Columbia, and
Governiiient becuritlet*.
8.647.
J.
p.
Kikld, Jr.
Special.
Lapsley, Field
&
Co.,
BROWN AND BLEACHED SHIRTINGS
AND SHEETINGS,
PRINTS, DENIMS, TICKS, DUCKS,
&c
Tawels, Quilts, White Goods and Hosiery.
DrUlt, Sheetings, <te.,for Export Trade.
George A. Clark
& Bro.,
w. C. McKean,
Member of N. Y. Stock Ezcta'ge
McKean,
8c
STREET,
34 WALili
NEW YORK.
Buy and sell— on commission—Government, Bailway and Miscellaneous Securities. Keceive deposits
subject to check, and allow interest on balances.
STOCK BROKERS,
BROAD STREET,
No.
New York.
raiLWARD'S HELIX NEEDLES
400 BROADWAY, NEW YORK.
Stcainsiiipg.
l.")
30
Fabyan,
Llotd.
Lloyd
SETMOUR WlLI,ABD,
Gxctaange.
Cyrus W. field
D.
L.AP3L1ST,
Members N. T. Stock
Otrus W.
52 WILLIAM STREET.
H. LATHAM.
F. W. PERBT.
Joseph
&
New York, Boston, Fliiladelpliia,
SELLING AGENTS FOR LEADING BRANDS
St.
FOREIGN EXCHANGE.
WATI.AND TRA8K. H. J.MOBSX
A. M. KiDDBR.
HOWARD
BOX
Co.,
Naw Vork
New
Transact a General BankinK Business, InclndlnK
thepurchase and sale of STOCKS and BONDS for
casE or on margin.
Bnr and Sell InTestment Secnrttles.
p. O.
&
H. Latham
INVESTMENT SECURITIES,
STREET,
WALL
York.
"Orient.
NEW YORK. Wright, Bliss
(sTRBET,
GoTonisnent Bonds, Stocks and
No. 18
SIIII*,
Richmond, Va.
SeAirltles bought and sold on commission.
J.
New
Atlantic Cotton milrs
Saratoga Victory Mfg. Co., Ocean MUlu
AND
Hoaiery, Shirts and Drawers
From Various Mills.
.
NI5W YOKK,
BOSTON
*3 4 45 WHITK STREET,
15 CHAC.NCET STRirt
PHILADKLPHIA.
, „
J. W. DAYTON. 280 CHESTNITT STREET.
Works at Orient. L. L, and
ECREKA"
BROKERS,
CA^ Co.
BANKERS.
XXXn
Vol.
ON
L.
Y
Direct Line to France.
Samuel A. Strang,
PINE STREET, NEW YORK,
GENERAL TRANSATLANTIC CO.
BANKER
AND COMMISSION MERCHANT,
Buys and
sells
Investment Securities. All busi-
ness connected with railways undertaken.
H.
L. Grant,
N«. 146
BROADW^AY,
NEW
T©BK.
BETWEEN NEW YORK AND HAVRE.
From
Buttrick.
&
for
No.
11
Old SUp,
New
York.
:
Gibraltar and Marseilles.
^iu\ Wtm.
following steamers will leave New York direct
for Gibraltar and Marseilles, taking freight and
fassengers
DEiESSEPS, Perier d'Hanterine.March 23. Noon
ViLLiKc Mauseilles, Nonvellen. April 6, 11 A. M.
Rata) of Passage— First cabin, 1100; steerage, ^2.
For particulars address
The
'.
Elliman,
BANKERS AND BROKERS,
39 \rall St, New York.
BONDS, STOCKS and INVESTMENT SECURITIES
BOUGHT AND 30LD ON COMMISSION.
Nos. 37
Fool of Morton Street.
—
CITY RAILROAD STOCKS & BONDS
BOUOHT AND SOLD.
Direct
See quotations of City Railroads in this paper
Pier (new) No. 42 North Biyer,
Travelers by this line avoid both transit by English Kailway and the discomforts of crossinK the
Channel in a small boat.
Wed.. March 16,4 P.M.
LABRADOR, Joucla
Wed., March 30,4 P. M.
FRANCE, Tradelle
Wed., April 13,4 P.M.
CAAADA, Frangcul
PRICE OF PASSAGE, (includinK wine;
To Havre First cabin, $100 and 1120; second
cabin, $60. Steeratre $26. Inciudint; wine, bedding
and utensils. Return tickets at very reduced rates.
Checks drawn on Credit Lyonnais of Paris In
amounts to suit.
liOVIS
PARIS, 1878.
Sia CeUbraUd yumbergf
DE BEBIAN,
803-404- 70-35 -332,
Asent,
No. 6 Bon-IiuK Green,
Sl
Buttrick. Member of the N. Y. Stock Exch'ee
\^M. Blliham. Member of the N.Y. MiDing Exch'Re
OOLD MEDAIi,
1
1
and hi9 Other Styles may be had 0/ all dealers
throughout the worldt
Joseph Gillott
Commercial Cards.
&:
Sons.
New Torka
C. A.
rilRCUIT
V^STATESi,
COURT OF THE TNITED
Brinckerhoff, Turner
&
EASTKKN DISTRICT OF TEXAS.—
The Farmers' lioan & Trust Company, Trustee, Complainant, ajiainst The Texas Western Narrow-Gauge
Railway Cumpany, Defendant.
In pursuance of a judementof the Circuit Court of
the United states for the Eastern District of Texas,
entered on the twenty-eighth day of December,
1880, in the suit entitled, The Farmers' Loan &
Trust Company, Trustee, Complainant, against The
Texas Western Narrow-Gauge Railway Company,
Defendant, I, the subscriber. Christopher Dart,
Special Master in the said judgment named, will
sell at public auction, before the Court House door
of the Circuit Court of the United States, in the
City of Galveston, on Tuesday, the tilth day of
April. 1881, at 12 o'clock noon of that day. the following premises of the said defendant, The Texas
Western Narmw-Gauge Railway Company, described in the said decree as follows, namely
All and singular the said Company's Railway,
built and to be bui't. beginning at the City of Houston, and passing near the town of La Grange and
New Braunfels to Presidio del Norte, on the Rio
Grande River, togetlier with all branches, side
tracks, turnout?, rolling stock, equipments, and
material, all right of way and tracks, depot and
Bhop grounds, tenenents, hereditaments, rights
and franchises, including and meaning to include
:
the propertT, real and personal, now acquired,
or which may hereafter be acquired by the said
in the State of Texas, pertaining to
the operation of the said line of railway and also,
all and singular six thousand acres of land per
mtle of completed road. saJd lands to be selected
from the ten thousand two hundred and forty
;i0,?40) acres of land per mile of completed road
donated by the Htate of Texas to said company by
the terms of its charter, to aid in the construction
of the said railway.
Bakeh & BOTTS.
CHRISTOPHER DART.
Houston. Texas
Special Master,
all
Company
:
BALLIN'OER & MOTT,
Galveston. Texas;
TURSEK. LKK&Mcri.rnE,
20 Nassau St.. New York
I'lalatLfl's
City;
Attorneja.
UTUALLIF
Co.,
ManQtacturer» and Dealers
In
COTTONSAILDUCK
lINWNtECOMH
OF NEWYORIC,
And all kinds of
F.S.WINSTON, PRESIDENT
COTTON CANVAS, FELTING DUCK, CAK COVEK
ING, BAGGING, RAVENS DUCK, SAIL TW1NK8
*C. " ONTARIO SEAMLESS BAGS.
'
"AWNING
STRIPES.'
AND ENDOWMENT POLICIE
TERMS AS FAVORABLE AS THOSE 01
ANr OT>IER COMPANY.
.IFE
)N
ORGANIZED APRIL lEV 1842.
Also, Agents
Dnited States BHntinK Company.
A fall supply all Widths and colors always in stock.
No. 109 JDnanc Street.
The Atlantic &
SSUES EVERr APPROVED DESCRIPTIONO
MASSEISOYERSSgOOgOOC
Wire Rope.
STEEL AND CHARCOAL
IRON Of superior quality
suitable for MINING AND
HOISTING PURPOSES
Virginia
Fertilizing Co.
Inclined Planes, Transmi8«
sion of Power, &c. Also,
iGalvunized Charcoal and
HI! for Ships' Rigging, Suspension Bridges, Derrick
Guys, Ferry Ropes, Ac.
large stock constantly ou
OFFER THEIR STANDARD BRANDS
««
exjii,ek:
A"
Ammoioated Bone Superfiiosphaie of Lihe,
AND
A
hand from which any de«
« ORIENT COMPLETE MANURE,"
sired
are
cut
poses manufactured to or«
\f, G. CRENSKAIV, Pres't,
CBJtNSBAW WA»»HOU8K,
Blclu»»Bil| Va,
lengths
FLAT STEEL AND IROJr
ROPES for Mining pnr.
And want a good working agent in every thriving
cotton-growing county. Apply (with reference) to
der.
43
nASON tc CO
B mdway, New 'VorU.
Mabcb
THE CHRONHJLEJ
12, 1881.
HOME
OFFICE OF THE
Insurance
January 25, 1881.
The Trustees, In conformity to the Charter of
the Company, submit the following Statement
its affairs
on the 31st December, 1B80
$4,232,075 04
Premiums on Policies not marked
Total Marine
1,495,947 23
$5,728,622 27
Fremlums
Premiums marked
Ifrnments.
on
real entato (worth
United Slates stocks (market value)
Bank and railroad stocks market Talue)
State and municipal b'ds (market value)
Loans on stocks, payable uQ demand
(market value »5()«,;i8U 00)
Interest due on 1st January. 1881 ..
Balance in handa of a«ents
Real esUte
I,8fll.80e 00
S,5H4.0()0 00
ToUl
«>BARL 8IREET.
I3S
Mohr, Hanemann & Co.,
COTTON BROKERS,
123 FEARI. STREET,
00
59,B«« 6H
118.085 15
61.HM S I
»«,860,B05 14
CHA8. jr. JTIARTIN, Preiildenl.
J. H. WASilHVRN, SecretarT.
NKW
lAMses paid during the same
$2,071,238 98
period.
'
Returns of Premiums and expenscs
The Company has t{ie following
United States and State of New
York Stock, aty, Bank and
PubllcHiloni.
'1
SIX PER CENT INTEREST on
the outstandcertlflcates of profits will be paid to the holders
thereof, or their legal representatives, on and
after Tuesday, the First of February next.
THE OUTSTANDING CERTIFICATES
of
the issue of 1876 will be redeemed and paid to
the holders thereof, or their legal representatives, on and after Tuesday, the First of February next, from which date all Interest thereon
will cease. The certificates to be produced at
the time of payment and canceled.
A DIVIDEND OF FORTY PER CENT
is
declared on the net earned premiums of the
Company, for the year ending 31st December,
1880, for which certitlcatcs will be issued on
and after Tuesday, the Third of May next.
By order of
J.
AND
W.
Bankers,
Brokers,
Merchants,
HiKAH Pool.
Charles Dennis,
W. H. H. Moore,
Lewis Curtis,
Charles H. Russell,
James Low,
Horace Gray,
Edmund W. Corlies,
John EUlott,
Alexander V. Blake,
Returns, &c.
Tbe money market-
George W. Lano,
Edwin D. Morgan,
Robert L. Stuart,
Wm.
James G. De Forest,
Sturgis,
Adolph Lemoyne,
Benjamlu If. Field,
Josiah O. Low,
William E. Dodge,
Boyal Phelps,
Thomas F. Youngs,
C. A. Hand,
John D. Hewlett,
Wmiam H. Webb,
Caiarles P. Burdett,
J.
SI'.ver—
Production, Exports and Imports of Gold
and Silver in the United States and abroad.
Foreign Exchange-
Samuel
Wllletts,
Charles D. Leverlch,
W'Ulam Bryce,
William H. Fogg,
Peter V. King,
Thomas B. Coddington,
Horace K. Thurber,
William Degroot,
Henry ColUns,
JohuL. Riker.
D. JONES, President.
<»ARLES DENNIS, Vice-President.
W. H. H. MOORE, 2d Viofr^Prcsldeat.
A. A. BAYBH, 3d Ylfl^PwBldwit.
Knilre attentloo glvvn to purchase of
Compound lutorcst Table, Sbowing Acoumiuatious of Money in a Seri(ts of Years.
Table Showing the Hate Per Cent Realized
on Securities Purchased at tUflereut prices
(witliout regard to date of matmity.)
Stock Speculation in New Y^ork.
Cnlted States Debt and SecuritiesDebt
of the United Sfutce.
Prices of U. S. Bonds. 1860-1880.
State Debts and SecuritiesState Debts and Immunity from Prosecution.
Railroad Statistics of tko United States.
Railroad Earnings.
Prices of Railroad Bonds, 1873-1880.
The New York Stock Market, 1860-1880.
Prices of Railroad Stocks, 1860-1880.
Price of the Review, bound In cloth, - S'i 00
Subscribers of the Commercial ?
nn
and Finaueial Chronicle, - - - - J "• ""
Postage (when sent by Alail,)
i<}
To
r.efereai;ti8
WIIXIAm
B.
DAKA &
\
urK
(JIal
:
— Natlooal
A
dc
81
WlUlam
Street N. Y.
lianK oT Auifusta, (ieor^)H
Co., Cuiiiiumniori
New
M*^tcliHDU
WltUam B. DaoaA Ou.. Pru(*rit-«A>|-« UOMlil'«
aMu l-iMAhC'iAt. i.uH«)NH;uii. ttnu uCtitsF New
(H K HOtl-^t
ft.
Parisot
&
Campbell,
Cotton Factors,
VICKSRURG, niSS.
Orders to Purchase Cotton In ocr market aolldtad
Refer to Mesara
A BTJllman
New Vork.
WOODWARD
A. L. Leman
No.
&
Co.,
€OTTON BROKERS,
160 SECOND STREET,
niACON, GEORGIA,
Entire attention paid to purchase and shipment o
Cotton on order for spinners and Exporters.
Best of references furnished.
CurreepoadedM
solicited.
John F. Wheless
&
Co.,
COTTON
coninisftioN
merchantsi
NASHVILLB, TRNNKSSBS.
CO.,
PUBLISHERS,
NO*. 78
:
..
....
o*
CORaiCBPONUBNCIt SOLtCITBO.
'
Prices of State Securities, 1860-1880.
Railroads and tUeIr Securities-
COTTON
SP1NKEK8 and EXPORTERS
>K1>KH for
1870-1880.
lavestmeuta and Speculation—
New Orleans and Liverpool.
COTTON UROKER.
t
Gold and
Orders executed at Cot-
solicited
Felix Alexander,
Ueury Heats
New York,
Johnston.
AUGUSTA, GEORGIA.
•
United States— Foreign Commerce, Tra<le
Balance, U. 8. Exports and Imports of
Leading Articles. London— Review of
in
8.
Johnston,
8TONB STREET, NEW YORK,
Wm.
Retunia, &o.
Commercial-
Bobc. B. Mintum,
Charles U. Marshall,
David Lane,
Gordon W. Bumham,
A. A. Raven,
5
ronsignments
London— Money Market and Bank Returns.
Market and Prices
&
ton Kxcliungea in N. y .,
United States— National Bank Figures and
Currency Movements.
and Prices of Call Loans and
Commercial Paper since 1873.
J. D. Jones,
CO.,
COTTON COMMISSION MERCHANTS,
Retroapect or 1880.
mercantile Failures.
BankInK and Financial-
Bank
Bartlett
Pool
Investors.
CONTKNIS:
year.
WATTS &
C.
BROWN'S BUILDING, LIVERPOOL.
16
Influences,
TRUHTEESi
COTiraiSSION IIIERCHANTS,
Watts, Haswell & Co. wilt make advances on Cot*
ton and other Produce consiKned to them, or to
C. Watts St Co. Special attention given to tbe execution of orders for the purchase or sale of Cotton
a Liverpool for future delivery, etc.
I'OR
New York City— Bank
NEW YORK,
W
INFORMATION
FINANCIAL
Co.,
FACTORS
COTl'ON
OF
the Board,
H. CHAPHIAN, Secretary.
36 8TONE STREET,
A YEAR BOOK
&
Watts, Has well
1881.
$12,608,336 71
OB.
FOB FUTURK CONTRACTS.
W. C. Watts. David H aswell. Oh as. W. Watts.
TBoiLAB J. SLAUOHTEU, Special.
(ANNUAL.]
$8,083,558 00
otherStocks
secured by Stocks and
1,187,900 00
otherwise
Real Estate and Claims due the
470,000 00
Company, estimated at
Premium Notes and Bills Re1,628,921 34
ceivable
337,977 37
CaBhinBauk
Amount
;iEK3
Financial Review,
Ix>ans
YORK.
Special attention fflven to the ezecntlon of
HE
$873,113 96
assets, viz.:
NEW YORK.
WU. MOHR. H. W.HAVUfANK. CLIMB>« FISOHBB
3M,(»0 63
,
from 1st
January, 1880 to 31st Decem$4,141,087 80
ber, 1880
off
Co.,
COTTO:S BROKERS,
407.442 tO
lMi,7(iO
&
Geo. Copeland
67
»8S«,lltJ
first lien
t4.2(i0.ftS0)
ordsn
made on oon
14t>«nU adrances
llrerr of cotton,
Held In the United StRtci. aTallable for the PAYof LOSSES by KIKB »nd for the protection of I'ollcy-Uoldcrs of KIRK 1N8UKANCK:
(
January, 1880
Bpeclal attention paid to the ezeentloo of
$6,860,505 14
In Banks
Boud8 and niortKHflea. beinK
Hew York.
or the purchase or sale of contracts for fntare ds-
StiniHARY OF A8SBTS
C»«h
1st January, 1880, to 31st De-
off Ist
$3,000,000 00
Reserve for Unearned Premiums 1,931,273 00
289,986 1
Reserve for Unpaid Leases
1,C39,245 98
Net Suri>lU8
MENT
Fremiums on Marine Risks from
cember, 1880
111 Pearl Street,
1881.
Cash Assets
Schroeder,
COTTON COMMISSION MERCHANTS,
Fltty-FIfth Semi-annual Statement,
SUOWL-tO TBI
CONDITION OF THK COMl'ANY ON THE FIU8T
BAY OF JANUARY,
CASH CAPITAL
&
Ware
Company
OFFICE, 119 BROADWAY.
Mutual Insurance Co.,
OUXIA* 8CSBOn»B
BuritT H. YfABX.
OF NEW VOBK,
ATLANTIC
of
Cotton.
Insurance.
Insurance.
NEW YORK,
Til
Bpeclal attention given o Splnnert' order*.
apoBdeoce
Corra.
aolicited.
RiFEBZHcss.— Third and Fourth National Baakg
I nA Proprietors of Tb> Cbsosioi,!,
THE CHRONICLE.
Ili
Cotton.
Cotton.
&
Woodward
Stillman,
SEAUEM'S BANK BUlLSINa,
No*. 74
NEW
torb:.
OENEBALCOMMISSIONMERCHANTS
tMXTfS niADB ON ACCEPTABLE
INMAN,SWANN&Co
Cotton Exchange BallcUngp,
New
€Om?IISSION 'nERCIIANTS,
40 EXCHANGE PLACB,
York.
New
LOANS MADE ON
advances made on ConsUmnents.
Special attention paid to the execution of orders
for the purchase or sale of contracts for future
SOVTnEBN SECURITIES.
deliTery of cotton.
&
T. C. Carter
W. &
H.
Co.,
MERIDIAN, MIBS
JOHN
&
H. CLISBT
CO.,
cotton buyers,
:montgomer.y, ala.
FO R
FnBOHASE ONLY OH 0HDEB8,
iETNA
FINANCIAL AGENTS
Insurance Company
133 Pearl Street,
F.
O Box
New
3,909.
A COMMISBIpK
COTTON.
purchase and sale
TRACTS For; FUTURE DKLIVJIHY
Ut
Wo. 146 Pearl Street, near IVall, N.
131 CUentnut
PblladelpUa.
St.,
&
COMMISSION MERCHANT, Dennis Perkins
Liberal advances on consignments of Cotton for
Bale In New York or Liverpool. Especial attention
Viven to Sale and Purchase of Future Contracts,
both In New York and LIVERPOOL, on reasonable
Verms, and profits paid as soon as realized in either
Orders for Spot Cotton and Futures promptly exe
cuted
WALTER & KROHN,
market.
&
Bennet
Foulke,
coimmissioiy inERCHAjyTS,
31 PEARL STREET,
NEW YORK.
Special attention given to the execution of ordei s
lor the purchase or sale of Contracts for Future
63
COTTON BROKERS,
BEAVER STREET, NEW YORK.
E.
VHAS.
r.
street, N.
HOHORST,
JOHN
T.
B.
BARRBTT.
C. F. Hohorst & Co.,
COTTON
COMMISSION MERCHANTS
No. 135
PEARL STREET,
New
Ifork.
Beeetve Consignments of Cotton and other produce
LIBERAL ADVANCES MADE.
Special attention given to orders for the purchase
and sale of Contracts for Future Delivery of Cotton.
P. Billups
J.
&
Co.,
COTTON
COMMISSION MERCHANTS
74
&
76 TTall Street,
IBlAiam's 8ATIN0S Bank Buildino,)
NEW YORK.
Norn.
Bonds for Southern account.
H.
COTTON,
2S
&
STOCKS,
WILLIAM STREET,
i
Co.,
BONDS, &c.
NEW YORK.
Orders in " Futures" executed at N.Y.Cotton
Kxch
Agent.
British
Co.
Ins.
OF
LONDON AND EDINBURGH.
United States Board of Management,
NSW FORK
:
SOLON HUMPHRB YS, Ch'r'n,(B. D.Morgan & Co
DAVID D0W8, Esq. (David Dows & Co^
E. P. PABBRl, Esq. (Ureiel, Morgan & Co.)
Ho!j. S. B. CHITTENDEN.
EZKA WHITE, Esq.
J. J.
ASTOtt, Esq.
P.
BLAGDEN,
Office
54 William
St.,
New York.
(^074imercm/
MOODY & JEMISON, Galveston,
8
Sonlh
&
Texas.
Co.,
WUlIam
St.,
New
Union
York.
ALFRED
JAMES FINLAY &
LIVERPOOL, LONDON AND GLASGOW.
FINLAY, MUIR &
CO.,
CALCUTTA AND BOMBAY.
CONTRACTS FOR FUTURE DELIVERY COTTON bouglit iind sold on commission in New York
&
Hr
and Liverpool: also at New Orleans through Messrs.
Samuel H. Buck & Co.
Waldron & Tainter,
GENERAL COTTON MERCHANT
97
Fntu e
PEARL STREET, NEW YORK.
" orders executed at N. Y.
Cotton Exch'ge
B.F.BABCOCK&CO.
COMMISSION MERCHANTS,
17 Water Street, LIVERPOOL,
Receive consignments of Cotton and other Produce,
and execute orders at the Exchanges In Uverpool.
Represented in Mew York at tlie oihce of
BABCOCK BROTHERS &
SO Wall Stssst.
LONDON, CONN.,
HANCFAcruBZBa or ihi cjelsbratis
Brown Cotton
Gins, Gin Feeders and
Condensers.
COTTON ams foe export.
PELL,
S9 Wall
Strpj^.f
misccliancou§.
Whiting Paper Co.,
HOEYOKE,
MASS.
BankeiV
Ledffcr and Record Papers.
Machine Hand-Made Papers,
Antique Parchment Papers.
Plated Papers.
Bond Papers.
AGENTS
JAinLES D.
45
CO.,
THE BROWN
Cotton Gin Company,
L^o.
Resident JIfanagfr,
Also execute orders for Merchandise through
Mesara.
Ins.
(OF LONDO.V),
Advances made on Consignments to
niessrs.
CO.,
NEW
Tileston
i
New York.
COMMISSION MERCHANTS,
140 Pearl
York.
MANAGERS,
GENERAL
COMMISSION MERCHANTS,
New
ALEXANDER,
CUAS. E. WHITE, SAM.
COTTON COMMISSION MERCHANTS-
Henry Hentz
COTTON FACTORS
St.,
Mercantile
AND
No. 10 Old Slip,
Gwynn & Co.
Co.,
BANKERS
delivery.
Fielding,
&
Jemison
S.
¥3,739,271 9*
North
&
I
1,694,80180
3,000,000 00
JAS. A.
Co.,
COTTON BROKERS,
117 Pearl Street, New York.
ITorlc.
$7,424,073 72
Capital
NET SURPLUS
COMMISSION MERCHANTS, No. a Cortlandt
AND
Robert Murdoch,
111 Pearl
1, 1881
unpaid losses
and re-insurance fund
COTTON FACTORS
li
Established (In Tontine Building) 1840.
Assets January
Liabilities for
Wenman& Co., Geo.H.McFadden & Bro
COTTON BROKERS,
New
OF HARTFORD.
York.
Advances made on Consignments.
fineciat oersoniil attention to the
Tames F.
Street,
ln§urance.
Farley,
AKD
.
York.
brders exeemted at the Cotton Exchanges In New
7orlc and i.iverpo9l aad sdvaaces made on Cotton
and other prodace consigned to us, or to onr corre.
spondents In Liverpool, Messrs. B. Newgass ft Co.
and Messrs L. Rosenheim ft Sons.
COTTON FACTORS,
COMMISSION MERCHANTS,
COTTON BUYERS.
MOBILE, ALA.
H.
J.
Ocu ft ca.
Montfomerr, AJ«.
LEHMAN BRO'S,
Cotton Factors
AND
SISGVRITY.
I^lberal
Lxhxa.>i.
New Orleans, La.
101 Pearl Street,
18, 1881.
Cotton.
LmaxAV, i ibabix & Co,
COTTON
COMMISSION MERCHANTS,
76 "WtM Street,
Sc
[Mabcr
C.
WHITMORE &
CO.,
BBKKMAN STREET. NEW YORK.
CONRAD &
ST.
CO.,
E*!*!*.
Om-
Branches in Leabvii.i.1;. »ti»Aa Vista and
NISOJS CiTT, Col.: Dallas and Houstok, Tex.
Sole Proprietors of the ** OriKinal Bndwciser."
Trademark registered i<' 18^7.
BVDWEISER EAOEiRBEER,
m
BOTTLES,
made from Imported Saaicr Hops and oholoe
Bohemian Biirley. universiilly acknowledged the
best and heiLllhiest Beer in the world. Warranted
to iteep in all climates. Agents wanted in all towns
Ask youT Oncer for Conrad's Biuhiwiawr.
i
@FedFRASER