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.
mntm^
AND
xmmt
HUNT'S MERCHANTS' MAGAZINE,
<EPRESE\TING THE IXDUSTRLAL AND COMMEIiCLlL INTERESTS OP THE UNITED STAVSa.
VOL.
NEW YORK, MARCH
42.
financial.
1886.
LS,
^inattjcial.
Geo. Stithoes, Pres'
78 TO 86 TRINITY PLACE,
Capital, 9200,000.
YORK.
&
Alfred H. Smith
Business Founded 1795.
iiiiilt-r 1bw« uf Slslr of New York.
Keorcanlied 1n;9.
F.NGKAVEKS AND PlCINTrRS OF
Co.,
IMPORTERS,
16SS.
laMrponU^d
188 Broadwaj, Cor. John Street
BONDS, POSTAGE & REVENUE STAMPS,
LEGAL TENDER AND NATiONAL BANK
NOTES of the UNITED STATES; and for
STAMPS,
ie.. In the finest
and most
artistic stTle
UM
or
tlio
SAFETY COLORS.
i'ompsnf
SAFETY PAPERS.
M'fg Co., Buy and
SILVERSMITHS,
Geo.
Sell
all
BEOADWAY AND NINETEENTH
AND
In Fireproof Bulldinfft*.
UTHOORAPHIC AND TYPE PRINTINO.
ST.
MAIDEN LANE.
9
Stocks
W. Wouk.
Bros.
BANK BBS,
iniLIVAUKEE,
COLLECTIONS made
Cashier.
Maverick National Bank,
BOSTON.
CAPITAL,
SUHPLVS,
9400,000
400,000
Aocoanta of Banks and Bankers
Collections
•
Houghton
:
J.
at lowest rates.
others solicited.
L.
S.
Bonds and U. 8. Qovomment Secoritlee
BouKht and Sold on Commission.
WM.
C. Fl.OYI>-JoSE8,
Andrews, Adams
78
& Kelloffff,
BANKERS AND BROKERS,
80 Broadwar, New York.
A
KichanKe and Cable Transfers on the Union
Bank of London.
..„
t>
Bur »nd. „Sell
Stocks and Bonds for Investment or
on Marvin.
Correspondence Solicited
Bill* of
Membera New York Stock Excbange.
TINKER
&.
WESTON,
BANKERS AND BROKERS,
No.
2
EXCHANGE
Ne^v York.
Member N. Y.
^l^^,P:Jj^^^^
UXN88E1.AEH WESTON.
CO
V
RT
,
Stock Kxoh.
STOCK BROKER.
Lansdale Boardman,
NEW YORK, 80 BROADWAY A 5 NEW ST.
TROY,
uris.
any part of the country
Accounts of iianks. Merchants and
in
N. Y., No. 17 FIRST STREET,
etook Kxch Ke membership: prirate wlrej
all facillliea
sell
on Commission, for cash or on margin,
New York Stock Bx-
securities dealt in at the
interest allowed on daily balances.
All deiK)sits subject to check at sight.
l*articular attention to orders by mail or telegraai.
matnakd C. Btre.
Henbt H. Dudoe, Washington, D. C
Wm. R. Tbavers, Special Partner.
Prince
H. Taylor
&
Co.,
BANKERS
TV. Cor, TlUrd and Chestnut
Sts.,
Private wireto
iDvestment Securities.
New Vork.BaltiinoreandotherpIacea
Henry S Ives & Co.,
BANKERS,
No. 25
NASSAU
P. O.
ST.,
BOX
Receive deposits subject to check at sight and
allow interest on daily balances.
Government, State, County, City and Railroad
bonds constantly on hand for sale or exchange, and
particular attention given to the subject of invest
ments for Institutions and trust funds.
Walsh & Floyd,
STOCK BROKERS,
BROAIJ STREET, NEW YORK.
Nioai.LrLoro.JB
JAMES W. Walsh, J K.,
Member N. Y. Stock Exchange.
No. 26
J.
C. Walcott
&
Co.,
BANKERS AND BROKERS,
No. 24 Pine Street, New York.
Transact a General Banking Business.
stocks and Bonds bought and sold on Commission,
Orders received in Mining Stocks, and In Unliated
Securities. Collections made and loans negotiated.
i>ividencis and Interest collected.
Deposits received subject to Draft.
Interest allowed. Investment securities a speolaltT.
issue a Klnancial Re|>ort weekly.
We
Office, 320 Broadway,
Connected by Private Wire.
Branch
Jos. C.
Transact a general banking business. Including the
purchase and sale of securities listed at the New
York Stock Exchange, or in the open market.
Whitely,
NEW
Bay and sell on commission all classes of Railroad
SeearitlesLalso Grain and ProTlstons,
Private Telegraph wires to Philadelphia, Wilming.
ton, Baltimore, Washington, Bridgeport, New II«t«d,
Boston and Pittsburg.
NEW YORK.
1,«U.
&
YORK.
No. 64 BROADWAY,
Fifth Ave., New York.
Branch Omcss \ 180
S39 I5th St., Washington, D. C.
PHILADBIiPHIA.
DepoBits received subject to check at slxht, and
Interest allowed on daily tMtlances.
Stocks. Bonds, .tc., bougbt and sold on conuuisalon
In PtailadetpbiA and other cities.
Particular attention given to Information reKardtnfi
H. Cbcokb OAKLar,
Jauis Whitelt,
Rkpkr to—
WILLIAM
ROBISON
•
Meml>ersiNewVr-"-"
Ifork Stock Kxchange.
Buy and
all
chaiik:e.
Members N. Y. and Philadelphia Stock Bxohanges.
Robison,
Kxcbange Coart, Ne^r York.
No. 2
8locks.
DEALERS IN
;
solicited.
B.INKERS AND BROKERS,
Co.,
erick National, Boston.
Government Bonds bought and sold
&
&
Merchants' National Bank and Bank of North America, New York
Merchants' National, Chicago; Mav-
made upon favorable terms.
Floyd- Jones
on Commissitm for Caab.or on Margin
Bonds dealt in at the N. Y. Stock Rich.
FIRST-CLASS INVESTMENTS.
BLANK BOOKS OF EVERY DESCRIPTION
ALBERT 6. GOODALL, President
VICE-rRESIDENTS
A. D. SHEPARD,
J. MACDONOUGH,
W. M. SMiLLIE.
TOURO ROBERTSON.
THEO. H. FREELAND, Sect' y and Treas.
Pres't.
<jb
York.
EI» STYXE8.
SholT Curds, Lul.els, Culendars.
PoTTEH,
Elliman,
K.. Sistare's
Sons,
16 dc 18 Broad Street, New York,
121 Sonth Third Street, Plilladelphla.
Connected by Private Wire with main elflce. New
KAILWAY TICKETS «F IMPI»M
P.
&
Investors wishing to Buy or Sell are invited to call
or correspond.
GORHAM
Werk Exeeuted
ASA
Sorplnii, $50,000.
New York,
FIRST-CLASS BONDS FOR INVESTlUENT A SPECIALTY.
rn^VKNT <'Or\TRRFKlTINa.
^|Mrlal |ia|H'i% fiunnrnHtircd exrliuivptf for
Cash
18 Wall Street,
FKOM STEEL PLATE-S
WHii 8iYX'i\i< svr::i>i'AKn8 tu
Asst.
This Bank holds In addition *l,Oao.oaO U 8. 4 per
cent Bonds at par, pledged by its stockholders for
the protection of its lustoniers. Said bonds are
plfrtned us above instead of being held by the Bank
as a part of itn lejfHl surplus, to avoid what we think
unjust and excessive looul taxation.
Buttrick
Foreign Governments.
ENGRAVING AND PRINTING,
BANK NOTES, SHARE CEKTJFK'ATES, BOXDS
FOB (iOVEK.VME.Vrs AM> COKI'OKATIONS,
UKAKTS, CHEtKS BILLS OF EXC]IA>'«iB,
W. Gooki.n,
V.
.
North- Western Nat'l Bank,
CHICAGO, ILLINOIS.
DIAMONDS.
Bank Note Company,
1,(181.
^ittauciat
AMERICAN
NEW
NO.
Fbank
WALCOTT,
)
of the New York
Stock Eichapge.
Members
f. DicKi.NSOS.
Simon Borg
No. 17
NASSAU
DEALERS
IN
ST.,
&
Co.,
NEW YORK.
AM. KINDS OF
Ballroad and Inrestment Securitlefc
SODTUERN SBCOBITIM A SPBCIALTT.
Gorham, Tu'-ner
&
Co.,
BANKERS AND BROKERS.
BlUla Bulldlne, 35 Wall St., New York
Branch
Office at Everett
AusTiK G. Gorham.
ChaTc-Noblb.
Uouse, Union Square.
Chas. W. Tdiwkr,
Member N.Y.StoclExoh.
THE LHKOJNILLK.
ii
"gaxniQU l^xcliaufle.
&
Morgan
Drexel,
NEUr YORK.
&
Cor. of 6th
Drexel,narjes
Co.,
4 Chestnut Sts.
& Co
Haussmann,
31 Boulevard
PARIS.
PHIIiADELPHIA
DOXESTW AND FOREIGN SANKEJtS.
Securities
Deposits received subject to Draft.
bougnt and sold on commission. Interest allowed on
Deposits. Foreign Exchange. Commercial Credits.
Circular Letters for Travelers,
Cable Transfers.
available In all parts of the world.
No. 22
mURGAN &
S.
Brown
&
Brothers
NEW TORK,
Phila.
Co.,
Boston.
AND
AI.EXANDER BROTTN & SONS
BALTIMORE.
Exchange
ON GREAT BRITAIN AND IRELAND, FRANCE
GERMANY, BELGIUM, HOLLAND, SWITZERLAND, NORWAY, DENMARK,
SWEDEN AND AUSTRALIA.
•ne Commercial ic Travelers' Credit*
Bay and
Sell Bills of
points in United States and Canada,
in the United States on
foreign countries;
and their London hou se, Messrs. BROWN, SHIPLEY
St CO.. receive accouiita of American banks, firms
and Individuals, upon favorable terms.
all
and of drafts drawn
&
J
Stuart
J.
M. de Rothschild, Esq., Vienna.
AND THEIR CORRESPONDENTS.
S.
Draw
&
Co.,
No. 23
AIANCHESTER
We«r York,
Issue letters of Credit for Travelers,
On SELIGMAN BROTHERS, London.
SELIGMAN FRERES & CIE. Paris
SELIGMAN & .•TETTHEIMER, Frankfurt.
ALSBKRO GOLDBERG. Amsterdam.
ALTMAN & STETTHIEMER, Berlin,
Payable in any part of Europe, Asia, Africa, Australia and America.
Draw Bills of Exchange and make Telegraphic
Transfers of Money on Europe and California.
John Paton & Co.,
SUCCESSORS TO
JESrP, PATON &. CO.,
New York.
52 William Street,
Accounts and Agency of Banks, Corporations
firms and individuals received upon favorable 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
sold.
DRAW ON
THE UNION BANK OP LONDON
BRITISH LINEN CO. BANK, LONDON AND
COUNTY BANK,
•LIMITED,"
MANCHESTER, PAYABLE IN LONDON;
NATIONAI.
&
lame
Circular Letters of Credit for Trave.
Abroad against Cash or Satisfactor}
ra'
Exebange on London, Paris, Berlin
and Znrlcli.
Credits Opened and Payments
made bt Cable.
Paris Souse— inUNROE & CO.
Schulz
J.
OlTer
CAPITAL,
J.
18,000,000.
BtrRPL0S, ta.lOO 000
GOADBY & B. E. WALKER,
JOINT AGENTS,'
EXCHANGE PLACE, NEW YORK
H.
6
B„T AND S«l<',j8TKR1.5NG EXCHANGE, CABLE
*'"'''
^^l^fk&i: §F"l'^SioVl^^^»^«
SUte, Railroad, District of Colombls
Bonds and Foreign Exchange.
Correspondence Solicited.
Howard
No. 11 ITALI. ST.,>
^e^v Vorlc.
PRIVATE WIRE TO BOSTON.
CAL,DWEL,L„ ^^ASHBVRIV
>
TOWNSEWD,
t
& CO
f
&
PARIS.
Co.,
FOREIGN BANKERS,
Nassau Street, New York,
113 Devonshire Street, Boston.
ATTORNEYS AND AGENTS OF
No.
BANKERS AND BROKERS,
3 1VAI.I. STREET.
New York Mock Exchange
Interest allowed on deposits subject to sight draft
C. B.
Caldwell.
CHA8.
J.
BANKERS,
LETTERS OF CREDIT AND
CIRCULAR NOTES
Issued for
the use of travelers in all parts of the
world. Bills drawn on the Union Bank of London.
Telegraphic transfers made to London andto various
places in the Uniled States. Deposits received subject to check at sight, and interest allowed on balances. Government and other bonds and Investment
securities bought and sold on commission.
C.
Washburn,
Y. Stock
Exchange
Co.,
BANKERS AND BROKERS,
BROAD STREET,
No. 34
Neiv Torlc.
Circular Credits for Travelers.
120 Broadway, Equitable Puilding, New York
Lansino
TowNSTCND. Mpmher N.
W. H. Goadby &
BARING BROS. & CO., London
^OMinERCIAL CREDITS,
KOUNTZE BROTHERS,
&.
Transact a general Banking Business, including the
Purchase and Sale of all S'^curities dealt In at the
Messrs.
Cable Transfers and Bills of Exciianoe on
Great Britain and the Continent.
Co.,
(Mortimer Building.)
of Exchange on
MARCUARD, KRAUSS
HOTTINGUER & CO.,
&
Lapsley
BANKERS ANB BROKERS,
MELVTLI.E. EVANS & CO., ,I-ONDON.
nwnnw
C. J. HAMBRO Jb SON,
Commercinl and Travelers' Credits.
«.„
BIUb of Exchange.
Cable Transfers.
Canadian Bank of Commerce.
WALI, STREET, NEIV TORK.
Investment Securities.
1
Exchange.
No. 3
Co.,
UNITED BANK BUILDING,
City, County,
Buy and sell bonds, stocks and securities in all American, Canadian, British and Dutch markets on commission. Collect dividends, coupons and foreign and
inland Drafts.
Hamburg,
^^
Co.,
Act as Agents for Banks, Bankers and Railroad
Companies.
Issue commercial credits, also foreign and domestic
travelers' letters of credit in pounds sterling & dollars.
messrs. marcnard, Krauss & Co., Paris
STERLING LOANS A SPECIALTY
84 Wall St. and 62 Greene St., N. Y.
Buy and sell on commission, for investment or on
maruin, ail securities dealt in at the New York
Stock
ut^yn.j^
&
&
H. Latham
J.
-WILLIAM STREET,
Kidder, Peabody
Members of the New Vorli Stocli Exchange.
Dialers in foreign Exchange, Government
and other invest.ment bonds
BROAD STREET, NEW YORK.
STOCKS, BONDS
AND I«IISCEI.I.ANEOi;S SECURITIES
BANKERS.
International Bank of London
(Limited), Loudon.
nessrs. John Berenberg, Gossler & Co.
Unger & Co.,
BANKERS AND BROKERS,
Bboww.
No. 20
Member N. Y. Stock Exch'ge
Sell Bills
Chas.
.
Brown.
NO. 20 NASSAU STREET,
NEW YORK.
&c., dec.
Kennedy Tod
No. 63
&
CpUUFSPOSnENTS OF THE
frid.
P.
Walston H. Brown & Bros
BANKERS,
Alexander Barino.
KENNEDY TOD.
H. O. NORTHCOTK.
Ruckgaber,
BANKERS,
XiriLLIAin STREET, NEW YORK
39
WAU8TOK H. Brown.
Herbert
JOHN Howard Latham. Frederick W. Pibbt
Tobk.
ON MEXICO, CUBA,
Use
Guaranty of Re-payment.
NEW YORK.
(Members New York Stock Exchange.)
Accounts of Banks. Bankers and others received.
Interest allowed on balances. A strictly Commission
Business in the purchase and sale of stocks and bonds.
Private Telegraph Wire to Albany, Troy, Syracuse.
Rochester, Utica, Buffalo, Cleveland and Chicago.
Draw on City Bank of London in amounts to suit.
Special attention given to Securities for investment.
telegraphic transfers of money
J.
Co.,
Bishop,
BANKERS AND BROKERS,
PINE STREET,
bills of exchange, letters of credit,
ALSO,
&
&
Hamilton
No. 35
Correspondence Solicited.
Quotations cheerfully furnished
Wm. H. Rolston.
w. Alex. Bass, Jr.
Member N. Y. Stock Exch'ge.
Member Chlcsgo Stock Kvoh'gA.
CABLE TRANSFERS AND LETTERS OF CREDIT.
No. 32 Nassau Street, New Yoik.
No. 4 Post Office Square, Boston.
Foreign Exchange, Bonds, Stocks and Miscells.
neons Securities bought and sold on commission.
Julius A. Kohn. David Ochs. Moritz ochs,
Memh. N.Y. Stock Bxch.
Memb. N. Y. Stock Br
Rolston & Bass,
24 Exchange Place,
New
EDINBURGH AND BRANCHES!
John Munroe
Co.,
BANKERS AND BROKERS,
19 Broad St., N. Y., mils Building,
Transact a General Banking Business,
S
COMMISSION MERCHANTS,
22
Son, London.
&
A. Kohn
J.
Co.,
AND
s
BANK OF SCOTLAND,
&
Hambro &
'^Rxikexs Kti& %xa\iixs.
SCOTLAND.
ULSTER BANKING COmPASlk,
BELFAST, IRELAND
AND ON THE
ALL PARTS OF THE WORLD, ON
Messrs. C. J.
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
EXCHANGE ON
Ac.
ISSUE COMMERCIAL CREDITS, AVAILABLB
IN
BANKERS,
BROAD STREET
Maitland, Phelps
SraiTH, PAYNE A: SIHITH'S,
B A BT K E R
BANKERS. LONDON
BILLS OF
ERS' CREDITS.
Exchange on, and make Cable TransEngland, France and Germany.
& W. Seligman & Co.,
J.
FOREIGSr BANKERS.
B0Y AND DRAW BILLS OF BXCHANGH,
MAKE CABLE TRANSFERS, ISSUE TRAVEL-
Bills of
fers to,
Co.,
STREET,
NEW YORK.
Exchange Place,
Cor.
&
fort o\iii.
STREET.
33 NASSATT
in all
parts of the World, through
IS STEEhlNO,
abroad on
29 TriLLIAni
8on»i, London.
Messrs. N. M. RotliMcfaild
**
de RothHchild Broi^. Fnrii^.
"
m. A. de KotliHchlld ifc !<ous, Frank-
Available In any part of the world, in FRANCS for
use in Martinique and Guadaloupe, and in dollars for
ttse in this and adjacent countries.
jUake Telegraphic Transfer* of Money
Betiveen tiiis Country and Enrope.
nAKECOL,L.ECTI(IN.S OF DRAFTS drawn
&.
&
(ckelheimer
•
21 Nassau Street.
ISSUE TRAVELERS' CREDITS, available
Nos. 19
CO.,
OLD BROAD STREET, LONDON.
Co., Heidelbach,
BANKERS,
Attorneys and agents of
nresisra. J.
&
Co., August Belmont
Vol. XHI.
'^axtiQU %xthxiUQ6,
|^0rjciflu gxjclxauflje.
WAIX BTEEET, CORNER OF BROAD,
Drexel
I
Asiel
&
Co.,
BANKERS AND BROKERS,
EXCHANGE PLACE.
frankenhkimer, m. seligmanst
No. 51
B.
ASIEL
L.
s.
Members
N. Y. Stock Exchange.
a. b. Bateman,
Memb. N. Y. Cotton Exoh. Memb.N. Y. Stock Bzoh.
W. W. DUDLEY.
&. BATEIIfAN,
DOUGLASS Orxbn.
GREEN
BANKERS
AND BROKERS,
STOCKS, Cotton. Grain, Foreign Exchanoi.
Corner Wall and tie-w Streets.
Pilvate Wires to Washington. D. C, Baltimore, Bos*
ton, Philadelphia and ChloaAO.
,
March
TJ^E :CHRONlCLE.I
18, 1886.J
'gnuUgxB and J^voUtvs,
&
Taintor
Wood,
Holt,
BANKERS,
OOVERNMBNT, HDNICIPAI.
4c
York Stock Kxchniiuc.
For ^ale
orders
G.
(MembiBr of
and
New Vork
F. T.
R.
&
Kimball
J.
'*
BANKERS AND BROKERS,
No.. 16dc 18 Broad Street,
New York.
Stewart Brown's Sons,
STOCK BROKERS,
84
Broadway & 19 New
St.,
demand drafts.
Negotlaie Railway. State and City Ixwhs.
THE
Railway Share Trust Co.
&
MILLS BniLDINO (Sd Floor.)
Rooms 2S & ae.
3S WALL STaEET.
STATK AND CITY BONDS OF GEORGIA, ALSO
SECURITIES OF THE CENTRAL RR. A BANKING CO. OF GEORGIA A SPECIALTY.
Investors wishing to buy or sell are Invited to call
or correspond. Prompt and personal attention given
to all orders.
Co.,
Wm.
BANKERS AND BROKERS.
Do a atrtotly Commission Buslnesa
STOCK-S, BOiSDS and GKAIN,
(LIMITED).
to CUICAGO, BALTIMORK,
PUILAUKLPIIIA and Intermediate Points.
No. IT 4VALI. ST., NEW YOKK.
Kobertson,
L.
BOND AND STOCK BROKER,
Dealer in Inrestment Securities,
No. 7 NASSAU STREET,
(Continental National Bank Building),
Nevr Tork.
Bi
&
Carolin
LONDON, ENGLAND.
Tbl« Compeny undertake* the business of Tnute.
to
De Twentsche
Bankvereeniging,
H. B. H0LU.V8. F.A. YZNAGA. FRAJfK C.HOLLINS
B. Hollins
&
AmSTERDAm,
HEAD
Bnjr and Sell luTestment Secnrltlee.
BOX 2,647.
WArLAND Trask.
P. O.
A. M. Kidder.
W.
c.
h.
j.
Mors*.
& Co,
Fred. H. Smith,
BANKER & BROKER.
No. 20 BROAD ST., NEUT VORK.
STREET,
Twenty years' experience
ties desiring to
buy or
C.
(IS Years*
Turner,
J.
Membership
in
the N.Y. Stock EjcchaBge.
BANKKR AND BROKBR,
16
BANKERS,
8
Urottdvrny, cor.
Branch
(llUre, 'J41
A
18
BROAD
NEW YORK.
ST..
Transacts a general Banklnffbaaloess.lnclndinfrtbe
purchase and sale of stocks and bonds forcudh or os
marffin.
ExchaoKe IMnce, N. Y.
Chicago,
BUSINESS,
I.a Salle Si..
Thompson
D. A. BOODT.
Box
447.
C.
Deposits
W. MCUtliAK.
Rkubei L«land.
Richard,
Chrystie
united bank bviiiding,
Wall
corner BroadMray.
STOCSH. BOKDjf^l COUMJEKCIAL PAISK.
street,
Stocks and Bonds twufht and sold op cumaalssloa
•tisew^ork Stnc« Ex'ttahxc. Advances
m»d« oB
baalneet paper aaAotkerbeoDTltlet.
to check, interest al-
Inwed lliereon. Stocks, bonds, itraln, provisions and
petptleiuii bought and («'>Id on conimtsston for cash
Direct telegraphic communlcatioD
or on luarKln.
wtth the Chicuiro Hoard of Trade.
bankers,
-
1
No*, 23
Ac
&
Janney,
BANKERS.
2S Naswaa St., Ne%v York.
Ueceive det>ORlt» aud consljrnracnts of Bu'.'.lon.
IDeil In InvqritwcTi:
>i^.iuIwh and roreian Exo.
cbaiiK',' and ::ivit I'^-i
I
:
PartirMitai ;it.tent!
Invustiucat
OFFICE, AiaSTERDAItl.
KKW TORK OORRSSPONDSNTS:
KNAUTH. NACHOD & KUHNB
""
THE
iiOutirltH
Xessrs.
,
Anglo- Californian Bank
(LIMITED).
_
LONDON, Head Office, 3 Angel Court.
SAN FRANCISCO Olllce, 422 CallfomiaSt.
NEW VORK Agents.
J. &.
W. Sellgman
.
A Oow
BOSTON Coirespond't.., Massachusetts N. Bk.
Antborlzed Capital,
Paid-up Capital, •
ReserTe Fund,
•
-
•
•
.
$6,000,000
1,500,000
400,000
-.»...
&
TRANSACT A GKNKKAI. BANKING
INCLUDING IIIK l'UU( HASK AND SALE 6t"
BANKKRS^
STOCKS AND BONDS KOIi CASH Olt i.N MAK16 A 18 Broad Street. New York.
OIN. BUV AND SKLL INVJJSTMKNT -ErUUl.
(Next
door to the Stttck Ezcbarse.)
TIB8. INTKKEST AI.LOWKD ON DEPOSITS
Members of the N. Y. Stock and Produce Exch^nfies,
SUBJECT TO CllKCK AT SIGHT.
received, .'lubject
P. O.
.
Transact a general Banking; and Commission
Business In Bills, Stocks, Shares, Coupons, Ao.
Bonds. ParUncurrent Bonds will
Hiix.
1861.
BRANOBJSS:
please communicate.
Stocks bought in Fractional Lota or otherwise,
either for Cash or "n Margin.
F. H. Smith. { Members Consolidated Stock and
Petroleum Exchange. New York.
8. W. Smith, j
CO.,
HOLLAND.
.
•
London-B. W. BLIJDiJNSTEIN A CO.,
No. 55 & t6 Threadneedle St., E. C
Rotterdam— De WissEL.en-ErPBCTttiBA|cK. [
Enscliede-B. W. BLIJDGN8TEIN. Jk
Almeloo— LEDEBOER A CO.
In Railroad
sell
•
Capita lully paid up.7,203.926 Guilders ((2.881 A70-)
Reserve Fund
(t3e5.SS7->
913,098.52X ••
Vanderbilt Ave., connected by
private wire.
Connected by private wire with B. W. Clark
and Hill A Kennedy. Philadelphia.
ihark.
Transact a General Banking Basiness. Including
the purchase and sale of STOCKS and BONUS for
oaaa or on niarKln.
Office. 5
.
Establishkd
Co.,
BANKERS AND BROKERS.
<^
New
W. BLIJDENSTEIN &
B.
Maririn.
Co.
BANKERS,
18 WAI^I.
the mat
LoNOOR.
Cable Address— PATT,
Cox,
r,5
Branch
In
payments of Interest on Loans. Dividend* on
ter of
7* BllOAOWAy.
No.
Loans on the London Market, acta a* Agent
Railways and other Corporations, either
Members New York Stock Exchange.
^et.
Loans of approved RaUwar*. negotiate* and'
Issues
Branch Offlcc.3i5 Madison A v., cor. 42d St.. New York
DepositB received Hublect to check at sifirht. and
Interest allowed on daily balances. All Stocks and
Securities dealt In at the New York Stock Kxcbanafl
bouKht and sold on Commtsslon, for Caab or upon
H.
BANK BCILDINCS
4
Cox
Bankers Sc ComnilHftlon Stock Broken
No.
BROADWAY.
With Private Wires
No.
or Registration of Stocks In London, or otherwise.
V. carolih,
Cbablks F.
Y. Stock Exchange.
Member N.
In
»^
Capital Paid Up, X9TI,8eO Starling.
AND
Dealer In Miscellaueons Securities,
tlea.'
tfie
Locnbbert
Co.,
In addftluti to s Genera] Bankingr Busineins. Bay
and Sell Government Bonds and InTestment Securl-
J,
B.
BROKER
CEDAR STKBET.
Joh n H. Davis
Altrid
A. Dutenhofer,
BANKERS,
No. 62
Kimball.
New Vork
&
Gilman, Son
J.
-
SteSl Exchange.
Intereyl allowed on Depoclts, sublect to MMUrs
,
igin^dra'nt. at Bank of En^anll rate, and
one-perceyt below tliat rate (objeet to
We have published a now pocket edition of our
annual " Mst of Stocks and Bonds at the New York
Stock Kxchanue." Sent free on application. Both of
our firm are M k.m beks of tho N. Y. Stock Bzcn a nge.
BOBSUT
and aganclea of Banks. Railwaya
Corporations, Firms and Individuals apon
favgiaUe terms; also order* for the purchase and sale of Bonds, Share*, Ac., Ao. oa
a«i^>i|ii(j
Co.,
(Established In IBM.)
Bold.
Bellcit
Chew,
STOCK BKOKERS,
New York.
C,
LONDON.
New
Stocks, Bond! and t'. s GoTemment gaaorltlas
Boojfht and Sold on Comoiissloa.
JAS. D. SIHONR,
BlTnUiTORVW.
Member N. Y. Stock Kichaniie.
Member N. Y. Prodnce Rxcbanaa
Stocks and Bonds BoiiKht niid Sold on Commlflsion
Account* received and interest allowed on bulances
wkloh mfty be checked for ut siKht.
per cent Debentares
Iowa LiOttn A Trust Co.
E.
:
a ExcbauKeConrtA SI Broadwa]r,N.V\
BONTKCOC
Stock Bxcbange.)
No. 18 Wall street,
&
Simons
H. Dewing & Son,
BABTKERS AMD BROKERS,
and
Bccurliles listed at the
all
RAM.KOAI) KIIIMT IIORTOAOK BONDI.
C. U. UUE8TI8. L. M. SWAN.
X'.?"?'-?''*''*
GKORUB
C. WOOD.
GEO. H. UOLT.
D. L'HCILIKU.
IKAM n«WISO. CI.AKK DKWISO.
OUffht
In
Co.,
Gresham Hoiim,
<(2
DAVIS.
k
&
Heinemann
TO
HrrcKHSUItfl
Mreurttlet.
TAINTOH.
Co.,
NEW YORK,
WOOD
*Bxocnta
PrlTaM telegraph wlr««to ProTldeace and Boston.
O. K.
&
Huestis
BANKERS AND BROKERS.
balancofl.
Bay and Mil
'gvoTitvs,
PINE STREET.
81
H*. 3 DTALI. 8TKKKT, yKVT YORK.
TKANSACT > UBNKKAI. BANKING bualneu.
DBI'OSITS raoolTed and 1NTKHB8T allowed on
BAILROAI)
and
'§un7ieKs
.
^'
i^'fifaatltuirQEardtog
Transact a general banking bttslnees. Issue Commercial credits and Bills of Exchange, available In all
parts ot toe world. Collections snd orders for Bond*.
Stock*, etc .exeotited upon the most favorable term*.
FIIEDK V. LOW.
(ManaMT*.
IGNATZ .STEINHART,!*"***^
P. N.
LlLIENTHAL.'Cashler.
Hong Kong &
Shanghai
BANKING CORPORATION.
«
Paid-up Capital
Reserve Fund
•JCS88-
'.
.'.-
Kwwve for «<iaa(»*atlon
of Dividends...
4li0.iX)0
'.KM^O
LeOAe'o
Reserve Liability of Pr.iprletors
The CbfponttUm
-
,
,
'untnt XtMft*.. I8«i»
Credit for use of Travulers. aiuLfUKutlata or xqlleot ^
MifnIlH.
IT'ng
Lonil"!^.
A. M.
Amoy. NIngpo,
lIlAgH^^ Pranclaoo
Kong., >YH>how,
Shartriml. ll;iiiluAr;fok*bKnifa
and
.,
.»
•
TUWNSEND. AMal, 47
a
•
-
William Au^.
r
^^
^
:
THE CHRONirLE.
^ovciou Mmihcvs,
^htaiicfal
gatikcics.
©atiaxXiaii
Biake, Boissevain & Co., I mperial Bank of Canada.
CAPiTAL (paid ap), - - - ?1, 600,000
LONDON, £NCiL.AIWD.
SURPLUS, ....... $480,000
Solicit accounts ana agencies of Banks, Railways,
Corporations, firms and individuals, upon
favorable terms also orders for the purchase
and sale of Bonds, Shares, Ac, &c., on Commission on the Stock ExcbanKe.
Keeotiale Railway, State »nd City loans.
n
8.
HOWLAND,
HEAD
New YOBKA<fD
BoSTOS COEBESPONBBNTS,
BROTHERS
CO.,
&.
New Tork,
18 UraU Street,
28 State Street, Boston, Klass.
Bank of
4
BRANOHSS:
.
'" "«* York-.
LloTtPrBarnetrtTios- BANK
o-**™'*OF
MONTBIAl
anmiefsRjnk limited
89 Wall Street.
%'l"Lombard''s"r?etf
I
I
Australasia,
UMlailelplxla ilawfejcrs.
-----
770,000
PHILADELPHIA.
Members of the Philadelphia and New York Stock
Exchanges.
JOS. M.
GERMANY.
Jos.
fcauadlan Sauhcrs.
$5,725,000 Paid Up.
$1,375,000
President ^fTDRKW ALLAN, Esq.
Vioe-P.esident, ROBBRT ANDERSON, Esq
BANKERS
The New York
Ajrency buys and sells Sterling Exehange. Cable Transfers, issues cedits available in
All parts of the world, makes collections in Canada
and elsewhere, and issues drafts payable at any of
the oflBces uf the bank in Canada. Every description
of foreign banking business underta"ten.
New York Agency, No.
61
HBNRYHAOnB
JOHNB HARRIS.
.
WaU
I
JB..
Street.
.
-^Kents.
t
AGENCY OF THE
Bank
No. 52
Exchange and Cable Transfers. Issue demand drafts on Scotland and Ireland
ggo on Canada, British Columbia, San Francisco
and
.f^£F^'^¥ ^9'''^? '^' ed in Pounds Sterling
j^J»l.i,Kl!,ul IS ISSUED for use in Europe,
China, Japan and the East and West Indies.
Also
name
of
& BKAZIMAN BANK
'•« Brazils, River Pla"f&c.
H. STIKEMAN.
(
Agents.
f
Bank of Montreal.
913,000,000, Cold
¥6,000,000, Gold
SURPLUS,
C F. SMrTHEES, President.
W.J.
BUCHANAN, Seneral Manager.
jrSW TORE OFFIOX,
59 Sc 61 ITALI. STREET.
WALTIB WATSOH, (
Alxx'b Lanq,
.
J
Agents.
Bny and lall Sterling Exchange, Franca and Cable
Truufen; grant Commerolal and Travelers' Credits
•TalUble In any part o£ the world; Isane draf
u on
in, Chloago and throaghont
th^
»nd make oolleotloni
Dominion of Canada
ondon
and
80DTHBRN BBCUHITIH*
Correspondenoe aollcited
and information
fnr-
qlaned,
N. Y. Corrflspondenta— MoKIm Brothers
A Co.
Robert Garrett & Sons,
BANKERS,
No. 7 SOUTH STREET,
BALTIMORE,
l^iuaticial ©jomvauicB.
Bonds
of"
Surety sJiip.
NO OTHER BUSINESS.
The Guarantee
Co.
OF NORTH AMERICA.
Caah Capital
Assets and Resources
|300,00C
83).00n
Depoait with Insurance Department
240.C00
President:
Vice-President;
BIB ALKx. T. Galt.
Hon. JA8. Fkbbikb.
Managing Director Edwabd Ra wunqs.
:
pace. No. aa Abchnrch Lan*.
Gzowski
&
Buchan,
STOOK AND EXCHAN6E BROKERS,
TORONTO, CASADA.
etocka
New"
C?>LLECT10N8 MADJE.
'
Drafts on
fitlCBa.
NO. Ill
D. J.
BROADWAY.
TOMPKINS,
Secretary.
NKW York Dibectors—Joseph W. Drexel, A. L.
Hopkins, H. Victor Newoomo, John Paton, Daniel
Torrance. Bdw. F. Winslow, Erastus WIman, F. P.
Olcott and J. E. Pulsford.
FIDELITY & CASUALTY
«U 4
218
BROADVITAT,
NEW
CO.,
YORK.
»250,000, invested in C. S. Gov't Bonds.
"Sj^'^SBi*?''
».iOO,0O0 deposited with the N. Y. Isn. Dep't,
for
the protection of Policy-holders.
Assets, January 1st, I8S5, tS12,02fl 11.
.!» ?!*'' "' Banks, Railroads and Express Compa
nles,
Managor8.Secretaries,and Clerks of Public Companies, Institutions and Commercial Arms, can obtain
..
^avm
•t.^?'*'**'
•* SURETYSHIP
C"n>P"ny at moderate charges,
S?
he ?."
bonds of this Company are accepted by t'le
courts of the various States
CASUALTY DEPARTMENT.
'.?? Issued against accidents cauaing death oi
11
.».
totally disabling injuries.
Full information as to details, rates, Ac, can be
obtained at head otBce, or of Company's Agents.
WM. M. RicHABUs, Prest. John M. Cbank. Seo-y
HOB'T
J.
HiLiAs, Asst Secretary.
DlRBC'rORS!
_
_ „
''»'''* Dows,
S*?; ^-S?"*
f-S. Barnes,
?o^^.""'"S,"'
J.BJ'.Btranahan.H.
A. Hurlbut.
A. B. HiiU,
J. D. Vermllye.
Om. 8. Co«,
Wm,
ptovtgaflcs.
&
Dickinson,
INVESTMENT BANKERS,
DENVER,
COLORADO.
We have on hand and for sale flrst-ciass County
and School Bonds and other choice securities. W©
especially recommend to conservative investors our
Rica L ESTATE LOANSon Improved City and Farm
Properties. These have been made by us after rigid
investigation of tJtIe and values, and can be transferred at once. Correspondence solicited. Highest
references Bast and west.
the western
LAWRENCE, KANSAS,
a
peolalty.
Nob.
FINANCIAL AGENCY for railroad companies and
other corporations. Will also conduct the reorganllation of railroad companies and other corporations
whose bonds are in default, "or whose property Is In
the hands of Receivers or Trustees.
RAILROAD LOANS negotiated.
Circulars on application.
Farm Mortgage Co.,
of Baltimore Stock Exchange,
NEW YORK OFFICE
OACITAI.,
State Bonds, MunlolBonds, Railroad Bonds, bought and sold.
DEFAULTED BONDS of States, Municipalities
and Railroad Companies negotiated or collected.
CALL AND TIME LOANS made on United States
Bonds and good Municipal and Railroad Bonds.
pal
Co.,
6c
ANll BROKEHP,
BALTIinoUE.
LONDON
'»
^n!n''^"',?''*"J'''«
Bills collected and other baoking business
trans°
acted.
D. A. MCTAVISH, .
tfom.
Members
INVB8TMKNT
WALL STKEET.
sell Sterling
2d Vice-President
Sd Vice-President
Seo'y and Treaa.
SOUND INVESTMENT BONDS furnished to Savings Banks, Insurance Companies, Executors and
Trustees of Estates, and individual Investors.
Hayden
STOCK BROKERS.
TRANSACT A GENERAL DOMBSTIC AND
FORKiaN BANKING BUSINESS.
OF
Buy and
ANll
SOUTH THIRD STREET,
PHIIuA DELPHI A.
RANKERS
North America,
British
President
Ist Vice-President
Authorized Capital Stock, $1,000,000.
Paid In
500,000.
ROBEBT M. JANNXT.
WiJson, Colston
GKOBGE UAGUB, Qeueral Manager.
J. ±1. PLUMMBR, Assistant 0«neral Manaeer
BANKERS:
BO «DON,BNG.-The Clydesdale Bank (Limited.)
KB V TORK-The Bank of New York, N.B.A.
and Letters of
galttmovje gaufejers.
•
OFFICE, MONTREAL.
8H0EMAEXU.
134
No.
Beserve
HEAD
JOHN C. SHORT
FRANCIS A. WHITE
JAMBS S. NEGLBY
THBO. B. TALBOT
WM.P. WATSON
M. Shoemaker & Co.
OF CANADA.
Capital
of Exchange
Credit.
Bills
Co.,
Merchants' Bank
Gerlach,
CHESTNUT STKEET,
No. 437
BANKERS.
PRANKFORT-ON-MAIN.
&
Narr
BANKERS AND BROKERS,
Cable Transfers,
&
L. de Steiger
BROADWAY, NEW YORK.
96
UNITED STATES BONDS,
(Incorporated by Royal Charter, 1835.)
Tbreadneedle St., London, England
£1,600.000
Paid-up Capttal,
Reserve Fund.
In
,
•
Promptest attention paid to ooUeotiona payable Id
a ./ part of Canada.
Approved Canadian baslnesB paper dlacoanted at
the Head Office on reasonable terms, acd proceeds
remitted by draft on New York.
Letters of Credit and Drafts Issued on any of tbe
numerous branches of the bank throuffhout Australia
and S'ew Zealand.
Blllp nejiotiated or sent for collection.
Telegraphic transfers made.
Deposits received in London at Interest for fixed
periods, or for transfer to the colonies on terms
which may be ascertained on application.
PRinEAUX SBLBY. Secretary
FINANCE COMP'Y,
Cashier
Catharines, Port Colbome, St. Thomas, Ingersoll
Welland. Fergus, WoodBtoek.Winnlneg, Wan.,
Brandon. Msn.. Essex Centre, Niagara
Falls and Gait, Ont.
Dealers In American Currency & Sterling Exchange.
8
CTjoiupatiics.
AMERICAN
OFFICE, TORONTO.
;
BI.AKE
WILKIE,
D. R.
Prest.
XLll,
['SOL.
VI. O. Low,
Charles Dennia,
Alex. Mitchell;
8. B. Chittenden
M. Blchaidj.
Olers to investors the best securities
FIRST
MORTGAGE LOANS
FARMS.
in
UI'O.N
the market.
IMPROVED
Interest and principal paid on day of maturity in New York. Funds promptly placed. Large
experience. No losses. Send for circular, references
and sample forms. F. M. PERKINS, President; J. T.
WARNE, Vice-Prest.; L. H. PERKINS, Secretary
CUA8. W. GILLBTT. Treas.; N. F. UART. Auditor
Farm Mortgages
Snms
of $100 and Uunards «u Indiana and Oliio Lands.
HOTHINQ SAFER. ALWAYS PROMPTLY PAID
8BND FOR PA.MPHLET.
JOS. A. mooKE,
84 E«at Market St.. IndlanapolU, Ind
In
NEHER
Banking House of
dt CAKPENTElt, Troy, N. Y.
Established 1824. Reorganized
1868.
Eastern Representatives
of the
NORTH-
WESTERN
NORTHWESTERN
CJUARANTV I>OAN CO.
Minneapolis, Minn. AuthorGUARANTEE of
ized capital, $2,000,000. Paid up
capital, t2uo,000.
Real Bstate
Mortgages worth from two to
LOAN
four times the amount of mortgage; netting investors 6 to 8 per
ct. Guaranteed by Co. Interest
payable at our BKiiking House.
COMPANY.
8%
0/
6 /o
The American Investment Coinpnny,
of Emmetsbur^, Iowa, incorporated with a paid-up capital
of $500,0110, with branches at Huron and Mitchell.
Dakota, offer first Mortgage Farm Loans in Iowa,
Minn.. Dak«,)ta, and Neb., both Principnl and Inter-
est 4>uaranteefl. AlsoO per centDebenture Bonds
(obligations of the Company), running 10 years, secured by Mortgage loans deposited with the Mercnniile Tru^tt Co.* N. \* Italso issues Demand
Certificates of Deposit at 5 per cent interest. Writ*
for pamphlet and references
IloHie (ffflce, EininetflburR, Iowa.
E. S. Orinsby, l*i'ea., 150 Nassau St., N. Y.
On
SELECT FIRST JttORTGAGES.
Iinproviiis ^Vcstern I*ropcrty
with present cash value treble upwards of Loan,
affordmg 7 to 8 per cent income; also guaranteed
Business Notes or established merchants of Minnoapolis, running 8 to 6 months, absolutely secure,
aflfordintf 7 to 8 per cent in advance. Kefer to Nat.
Bank of Commerce, Minneapolis; or, Sam'l R. MacLean, Banker, 43 Kxchange Place, New York, dealer
in approved Investmeuts, to whom apply for particulars.
S.
H.
BAKER.
Dealer in Be«l Estate aod Mort-
gages, Minneapolis, Minn.
Chronicle Numbers
1¥ ANTED.
967, 970, 975, 976, 981, and JnD«,
1884, Supplement.
Tea Cent* (or eaoli
of the abore paid At
tlie
OIB oe
,1;
Ill
Maucii
%nvtBtmznts.
iitxecial
&
Toledo
THE OHRONICLE.
1888.]
18,
ilt>eciat |ut)estmetits.
Investment Securities
Ohio Central
BOUGHT AM) SOLI).
WANTED!
AND PREFGRRED,
COKIinON
Now Bond» and
Bllsabeth City
Wabash
Ida.
AND
16
BROAD
18
Geo. H. Prentiss & Co.,
No. 49 WALL ST., NEW YORK,
AND
nONTAGUB
SOS
BROOKLYN.
ST.,
GAS STOCKS
ASD
East TonneMee Virginia A Geor^a Funded Bondw.
County and Town Bonds
of New York State
Kansas &, lVcbra<«kn RR. Bonds
and Stock.
St. Joseph & Paclflc RR. Bonds
Cit)',
and Stock.
OA8 SECURITIES,
Stocks and
Railroad
IStreet
BOUGHT BY
TOBEYA. KIRK,
Bonds
4 Broad Street,
AMD ALL KINDS 01
BKOOKL.TN SECURITIES
DEALT
BBB QAS QD0TATI0N8 IN THI8 PAPBK
S9IIULAN8.JIWETT,
William
McGeorge,
No. 20
BROAD STREET,
INVESTMENT SECURITIES AND
c.
Pros. .IU8LAB JEWETr. V.Pret
Cornwell. Cashier.
Bank of
CAPITAL,
B.
Tort,
^itiattcial.
N.V.Stock Ezch.
John
New
IN.
Oxo. n. Prentiss. W. D. Pekntiss. W. W. Walsh
Uember
General
No. 5>« Pine Street.
ST.
Buffalo,
•••.
9300,000
•
BUFFALO.
N. Y.
oilier Citj Railway
Securities Dealt in.
TELEPHONE CALL "NEW."
AVM:. C.
727.
IVOYES,
NASSAU STREET,
No. 21
DEALER
IN
CITY RAILWAY STOCKS,
GS^^S STOCIiS,
TRUST CO.'S STOCKS,
TELECRAPH STOCKS,
Bank
Stocks, Insurance Stocks.
Beemy quotationa of Trust and Telegraph Stocks
n Saturday's EvtiUno Po$t and Dailu Indicator.
H. L. Grant,
No. 146 BROADW^AV,
NEW YORK.
CITY RAILROAD STOCKS & BONDS
BOUGHT AXD
SOLD.
B«e Quotations of City Bollroada In this papar.
E.
S.
61*
Bailey,
PINE STREET,
INSURANCE STOCKS
A SPECIALTY,
at once for the
FRANK
HKNIIV
Atlanta
^EW
BGI8T0
P.
dc
C'tf, Ala., Ts.
iniscellaneons Securities.
BO'JJHr AND SOLD
A. LANCASTER & CO.,
4 W^all Street.
FOR SALE-STOCKS BY —
P. Wintrlngliam,
at..
'22
K nS2
8,000
60
^
.
N<)te
KABKKI,
Attest:
Morgan 4 Co.
HOK.N,
Notary Public, Kings County.
Certlflcate filed in New York County.
3C Pine St., N. T
Telcuhone Call Mi John "
"
Shs.INS'R'CE.
£<">» li<lat'd 20 Metropolitan. 20
SflU't^Sle- i8«« Peoples'
15
Mua.bd»,7a.i 10 Wllllamsb'rg 23
Mutual.
Out or Tow.v 40
Bhookly.v.
60 ('besapeake. 10
BO Brooklyn.
800 Mnn.Uocbes'r 30
100 Citiiens'
U.eoO do bonds. &0
60 Fulton Moo •0 Yonkers.
23
American.
Am. Kxch'ge.
Citiiens'.
Continental.
KmpireClty,
Karrairut.
Ueriuanta.
Howard.
of Drexei.
WALlEU
11
B.
Oopthall CotJUT,
LONDu.v, E. C,
Ist
we have this day commenced to carry on a genBanking and Commission business at the above
address. In co-partnership, under the style of
BLAKE, BOISSEVAIN &
firm
J.
DbLANOY MEYER
"
"
wlll tlga tor
our
A.A. H. B0I8SKVAIN,
V. B RI,AKB.
O. D.
Ease Tennessee Virginia
&
Bonds
Georgia
to the
The undersigned have been nominated by special
CO.,
W«U St.,
amount of
RR. Co.
$14,447,000 having
N. *.
been
deposited with the ('entral Trut«t Company up to
date, including a majority of the East Tennessee
VirKinta & Georttla consolidated 5 per cent bonds,
all of the Cincinnati & Georgia divi-ionat boDda,
and all of the debentures, and the agreement and
the d'-posit having thereby become operative,
the remaiutng holders are requested to dop •sit
their bonds at as early a day as possible. The
Certificates of the Central Trust Company is.>«ued for
bonds deposited have been listed <tn tneN. If. btock
Ex change, and constit ute a good delivery.
New Vork, March 12. 1880.
F. P.
OLCOTT,
Chairman of Committee.
IVOTICE.
Parties desiring to avail themselves of thebenefltg
to be derived under the agreement for the purchase
and reorganization of the Kast 'l"enne.ssee Viridnla
&Ge*>rgia Hailroad iiiiiai drponil their boudi* on
or before
March
IJ,
mSH.
F. F.
OLCOTT,
<.>f
Committee
HEREBY GIVEN THAT
NOTFCEIS
the Central Trust Company of New Vork will receive the INCO.MK tiuNlJS of the Ejist Tennessee
Virginia & Georgia Railroad Company, and issue Its
tenipopiiry ret-elpts therefor, on and after KUiUAY.
T1IE20TII INST.
he assessment of $50 per bond
New
will
not be paya-
commiMee is ready to deliver the cecurcompany on the completion of the
of the new
reorganlxatlon.
Ities
COMMKKCIAL AGKNT8 FOR THE
FOREIGN BUSINESS OF HIS KXCBLLBNCY
THE VICEROY OF THE PROVINCE OK CHIUU,
EMPIRE or CHINA
60
T. WELLES,
ASHLEY,
Purobasing Commlttoo.
ble until the
appointment
"
BDOAR
'I
KOTICE.
'•
JAMES F. JOY,
T. H. HUBBARD.
Chairman
STANTON BLAKE,
A
June
••
*•
"
3
April '•
"
2
May " '•
'*
"
"
"
2
June " "
Interest from April 10th must be paid on all Instalments, but the whole amount of Instalments
may be paid in advance.
The certificates of the Purchasing Committee
will bo e changed forthe stock of the newCompany.
share for ehare, .tn.t Debenture Bonds or Scrip of
the new Company w 11 be given for the amount of
cash paid In, as soon as the stock and bonds can bo
Legally Issued and delivered. The cash payments
are to be appliei, according to the agreement of
July 15, 1885, upon the amounts bid for the purchaao
of the property.
Stockholders who have not subscribed for the new
stock under these conditions on or befjre April 10^
1886, willforfelt .11 right to the same.
"
CO.
by procuration.
RVSSELL.
"3
'
common
J
oral
Mr. H.
Bod^
Trust Murtg<«*
Collateral
)
January, 1886.
^E BEG TO ACQUAINT YOU THAT
Birmingham
J.
Hollins A Co.)
Life Ins Co.)
York, November 14. 1883.
J. IMEKl'ONT MORGAN, ) „„,.,^^
Trustees.
FBEI>'K L. A.MKS.
J
above securities ; or they
niemphisdc Little Rock RR. Bonds.
Carolina Central RR. Bonds.
North Carolina Slate 6s.
By »•
B
(H.
S.MITK (Mutual
A.
In accordaiict^ with thu provisions uf the above
bonds, we, the imUersiKned, hereby give notice that
the fullowinj; numbers, viz.:
1320 24K9
2051! 2:J63 1504 1450 20H6
2»«
884
1314
17BS 2081 1955
147
331
622 1551 2015
1129
427 2473
248 i!e>7 2135 1873
252
238
17H» 2120 24:12 16liB
1713
101
144
2tM 20:«)
360 1S8U 2277 1423
528 1154
68:t
470 1 97
2370
794
393
105 1020
t>82
lO^IO ViiM
\iiS
49H 1944
949 8068 1H55
8J7 8147 1570 1201
2215 2217 llBl
1567
478 1'54 1446 1321
993
2412
9J2
87 1729 1.120
W9 >IH 2020 222«
2371 2101
212 2380
449
198 lOCO 12iM
532
2130
604 2312
172 200^1
988
351
467 1424
23 ltS88 1822
were this day desiscnated by lot In our presence, to be
redeemed, together with the premiums thereon, as
provided in said bund.s. .it the London A San Francisco Bank, l.iniited. No. 22 Old Broun .street, London,
E. C, KoKland, or at the office of Messrs. Dre.xel,
Morgan & Co., in the City of New York, on the first
day of April, 1886.
[l. 8.1
Charlotte A. L. R>r Bonds,
nemphiadc Charleston RR. Bonds,
And
HOLLINS
VV.
HKAD (Vermilye & Co.)
CLAHE.NCK CARY (Cary & Whltridtfe.)
P.»CIFIC R.VILROAD
T'HE tNIONC»:nP.4NY
Oin.VHA BUIDUK BONDS.
be sold on coaimlssion at seller's option.
will
C.
WILLIAM
'
DEALINGS IN
Cash paid
Mr. Henry W. Smith bas been added to the Purchasing Committee appointed under the plan of reformulated by Messrs. Frank C. Uolllnj*,
Chairman, Calvin S. Brice and Clarence Cary. Committee on Keori^anization.
Holders of the securities of the road interested in
settling the property without expensive delays are
requ -sted to at once deposit their bonds and to affix
their signatures to the agreement, which will be
found at the office of the Central Trust Company
and with the undersigned, cuus:ituting the f'urcnasortfaniztition
ing Committee.
kod
holders, and the uaderslsned appointed thereto
a Purchasing Committee,
provides that aftar
the
pur base
of
the
property
of
th*
Wabash Ht. Louis A I'aelfic lUllway Company,
under the pending foreclosure, and the organisation
of a new Company, stock uf sucb new Company mar
be offered by said Comml tec on such conditions and
Imitations as to time or otherwise as they mar
think fl, to the shareholders of thi Watoasb Company, In amounts corresponding to their preaent
holdings, on payment as to the preferred stock of
t8
per share, and the common stock of 96 per share.
Antioipiitlng the purchase ot the property and the
reorganization of the Company, the Purchasti^
Committee now Invite the stockholders of the
Wabash St. Louis & Pacmo Railway Company to
subscribe for the new stock upon the folluwio
terms, viz.:
Upon signing the subscription books now open a
the office of the Commliee, No. 195 Broadway, New
Y'ork, stockholders nil surrender their certificate!
and receive therefor certificates of the Purchasing
Committee, entitling the owner to the same number
of shares of preferred or common stock of the now
Company and Debenture Mortgage Bonds or Scrip
for the cash payments as soon as such stock and
bonds or scrip can be legally Issued and delivered,
and the terms of said certificates complied with.
Payments will be duo as follows
On preferred stock, t3 per share. April 10, 1880.
"
3
May " •
:
This bank has superior facilities tor n 'Uni eollec
tlons on all accessible points in the U Ited States,
Canada and Europe.
Liberal terms extended to
acoonnts of bankers and merchants.
Correspondents.— New York, Nrtl:ial Shoe A
r.eatfaer Bank; Union Bank of l.on<!< ii.
COMMERCIAL PAPER,
42d St ManhattanTille & St. Nicholas LAKE ERIE & WESTERN RAILROAD
ATcnae and
& Pa-
Louis
St.
Nav VuKK, rabmary 10, isas.
The agreement dated July IB, I88B, between th*
IIACHFIELD,
E.
TIIK
Railway Co.
cific
Boathern Securities.
ALBERT
TO THE STOCKHOLDKRH
OF
Scrip.
Home Wutertown i Ogduiisburii UU and
Osweso A Rome lats.
Bdoto Valley Klrsi Mort«a<is Bonds.
BOUGHT AND BOLD BY
S'tttttticittl.
York. February
F. P. ULCOTT,
Chairman ot Committee.
Sfl.
1880.
R. T. Wilson
&
Co.,
BANKERS AND COMMISaiON HERCHANTB
S Bxcitaiico Conrt,
Now York.
:
.
^
:
n
THE CHRONICLE.
'giuvLUcinX.
^iuaujcial.
IfittJtncial.
UNION BANK
REOROANIZATIOIW
A SAFE
OF THB
New
Buffalo
&
York
Investment
U proposed, of tcr friendly foreclosure of existing
Electric Manufacturing Co. Capital Subscribed, • - • • £450,050
• .
UncaUed Capital,
£299,709
OF NEW YORK,
(Number of Kegigtered Shareholders, 395.)
In Denominations of $100, $£00 and
new
corporation, with ttie
810,000,000
TlTe per cent BO-year gold bonds, $2,500,000 to be held
tj the new company for after-acquired property and
1>cttermeota,
wh-ch
shall
themselTes be covered by
the mortgage.
t7 500,000 to be need as follows
for dollar, for the underlying
»!l,07S,00O, dollor
bonds, Tis
&
$3,000,000 B. N. Y.
$1,000 Each.
The Bonds are made payabletothe American Loan
be registered in name
of holder if desired.
sinking fund is provided for, which in fifteen
years will produce an amount sufficient for the redemption of the principal of the bonds, and which
will be invested annually in good securities, pre'erence being given to the bonds of the company whenever they can be bouRht at not exceeding S per cent
A
Any
&
general mortgage bonds.
be obtained
at the company's offices, Western Union Telegraph
Building, corner of h'ifth Ave. and Twentv-fhird
Street, New York, or at its branch oflBces, 197 Congress St., Boston, Mass.. or from
]?Ieasrs. A. S.
N. Y.
ft
at 75.
$500,000 V. & T. bonds at 75.
stockholders.dollar for dolupon their stock.
to settle the car trusts and floating
debt.
830,000,000
Common stock, $20,P00,000 for the present two classes
of stock, the remaining $10,000,000 to be used only by
unanimous vote of all stockholders voting at a
meeting called for the purpo.se. The stock used to
receive dividends up to 3 per cent if earned after the
second mortgage bondholders snail have received
their full cash interest. Earnintis above this 3 per
cent to be divl led equally between the second mortgage bonds and the stock until suid bonds shall have
rece ved 7 per cent.
About $6,500,000 of this stock for present preferred
stock and $13,500,100 for present common; the former
to pay $4 assessment per share of $.50, the latter $6
each to receive new second mortgage bonds of the
face value of the amount of such payment, and new
stock of the face value Of the present stock.
The new company will have but two classes of
bonds and one of stock, a much better financial basis
than the present company's, with its 12 mortgages,
numerous car trusts, large floating debt, two classes
•f stock, real estate mortgages, &c.. ftc.
For plan of reorcanization apply to the underIgned, (r the company, in Mills Building, or the
Bank of New York, 4S Wall Street. New York, or the
Fidelity Insurance Trust ft Safe Deposit Company.
with the
Bankof New York and the Fidelity Insurance Trust
Safe Deposit Company, in Philadelphia, with
whom all present holders are requested to deposit
their securities and assessments at once. Negotiable ci-itlflcates will be Issued by the depositaries
upon application to
Fennessey, Armstrong & Co,, Bankers, SpringMass.
'
.'•a
Kxchcngn
t'I..\UENCE
ttle
T ir—
^WAAC
II
II.
Room
Place,
>".
'—
'
£9
.
.
Room
DUE
1>.
f .'(»i»wi„we»ii
:
That the Report and Balance Sheet for the year
1885 be agreed to.
That £6,000 be placed
to
Reserve Fund.
That a Dividend of 4H per cent be declared.
That the appointment of Mr. Alfred H. Huth as a
director be confirmed.
That Mr. Hanbury Barclay and Mr. Bernard TiDBosanquet be re-elected as directors.
That the Auditors of the Company. Messrs.
dal
Kemp
Ford
& Co. to
C.
be re-elected.
By order
of the Board,
WILLIAM
A.
HARRISON
21 Old Broad Street,
6
FOR SA--E BY
CHAS. M.
21
WHITNEY &
GENERAL MORTGAGE
PER CENT GOLD BONDS OF
CO.,
NASSAU STREET.
A.
».
HATCH &
Post Office Box 380.
Fifth
New Tohk, March
1,
1
8 per cent B. N. T. & p. first mortgage bonds,
7 per cent B. N. Y. * P. second mortgage bonds,
MORGAN
ifc
CO., who win purchase
nARCUS,
John G. Moore, w. K. Kitchen.
Moore
&
BNTRANCH
No.
H
PINB BTRBBT,
YORK.
&
O. b.
Sckl«t.
Schley,
BANKERS AND BROKERS,
26
BROAD STREET, NEW YORK.
Branch Offices
Secretary.
KE^iV
The Largest Best Appointed and Most Llherallj
Managed Uoiel in the City, with the Most Central
and Delightful Location.
_
_ ^
HITCHCOCK, DARLING & CO.
7 per cent Warren & Franklin first mortgage bonds,
6 per cent Oil Creek first mortgage bonds,
—to present the same at the offlee of Messrs,
the same at par and accrued interest.
By order of the Committee.
NASSAtJ ST.
HOTEL,
1686.
ORGANIZATION of the BUFFALO NEW
YORK & PHILADELPHIA RAILROAD COMPANY requests the holders of he following bonds:
CO.,
Avenue
THE RE- Madlion Square,
'THE COMOTITTEE FOK
DBEXEl,,
5
1931.
Connected with
72 Wall St., N. Y. I. A. EVANS « On., Boston.
114 So. 3d St., I-hila. B. L. Brewster & Co., Chicam).
1419 F St., Wash'j. Hi'bbaku It Kau.meh, Uartrd.
Private vVire Connections.
Stocks, Bonds »nd Miscellaneous Se-
sell
curities on New
Provlflions
York Exchanges, also Grain and
on Chicago Board of Trade,
&
Spencer Trask
Bankers,
Co.,
No6. 16 AND 18 Bboad Street,
IS
B o r^ !> «.
17.
for,*r call an'
»N.^*r!;f "»•
Iransact a General Banking Business.
THE FIFTH EDITION
Room 17.
,^
.1
Lon-
1924,
BROKERS AND DBAI.ER8
__jr
»<MJ n ^'T
XT TO BUr OR SHLI, ANY,
JZ yUl.^yj*
PQTHl'H
<'\I.I.H-ON
... ,„. „„
wrtt« u..
- -lip!.
sf.nvi
•.,,
In
1886, the following resolo-
tlons were unanimously agreed to
Interest January and Jnl;,
.Secretary,
52 Ki[<:hanga Place,
At a general meeting of Shareholders held
don on the 16th February,
Chesapeake & Ohio
Charleston
RAILROAD COMPANY
SIX PER CENT MORTGAGE GOLD
GENERAL. MORTGAGE
BONDS OF 1911.
SIX. PER CENT GOLD BONDS,
St. Louis & San Francisco
Flagg,
Duncan Building, Cor. Nassau & Pine Sta.
i^ELIGMAN,
xchnnge Place,
J"
W. A. Harrison.
Secretary,
&
Memphis
Kccd
CJ.AKK,
M. FRY,
MARC IS
•;*'.
»*
t
B^ci.^
20th February, 1886.
*^T:H. ADRIAN THOMP,
'.""
Manager and
Buy and
Mills Building.
.
RoB'T W. Willis,
Gfbbs, Ksq.,
London,
17.
Bsnlio'^'ew York,N.B,A.,48W«ll8trcet.
•
Huth, Bsq.
Manager and Secretary.
A.
8» South Third Street, Philadelphia.
•
CBAKLES
"
H.
Marquks de Perijaa,
Esq.,
General Manager, M. Levysohn,
1886.
CARI SCHURZ, Cbairman,
r
Hucks
J.
Whiting & Co., Bankers, Worcester, Mass,
or securities deposited.
[
Bee'd T. Bosanquet,
P.
general raoitgage bonds
8375,000 to take up
82,160,000 to the
lar, for the assessments
'on
St.,
Bankers,
Nevr York.
or
Mew Tore, March 8,
.
is
HATCH Sc CO.,
No. 5 Nassau
C. B.
$866,000 P. T & B. bonds.
81,275,000 to take up 81,100,000 B.
may
H. S. Collins & Co., Bankers, Collingsville. Conn.
B.C. Cransion & CO.. Providence, R. L
P. trust bonds.
Philadelphia.
The reorganization agreement
and Accrued In-
further information required
field,
&W.
interest.
terest.
pany*B option within 20 years.
•814,727,000 to take up, dollar for dollar, the
following
$7,000,000 B. N. Y. ft P. first consolidat ed mortgage
Y,
£950,050
•
Hanbuby Barclay. Esq., Alfebd
Coupons Payable Semi-Annually,
Jane 1 and Dec. 1.
Fric« of Bonds, Par
820,000,000
Second mortgage 40-year gold bonds, carrying Inter,
est for 10 years at 3 per cent, wnd thereafter at 4,
or, if no^. more than 1 per cent cash earned, then
doable the remainder in scrip, bearing Interest if
earned, up to 5 per cent, and redeemable at com-
$2,800,000 B. N.
•
•
BOARD OF DIRECTORS:
Principal and interest payable In gold at the office
of the American Loan A. Trust Company of New
York, or iQ sterling money at the Company's European Agency in London, England, at the holder's
option.
premium and accrued
gages and otber present indebtedness.
81,463,000
Capital Autborlzed,
& Trust Co. or bearer, and may
P. first mortgage bonds.
P. second mortgage bonds.
$1,000,000 B. N. T. &
$1,500,000 Warren & Franklin first mortgage bonds.
}&73,000 Oil Creek first mortgage bonds.
The remaining $1,427,000 to settle real estate mort-
bonds.
$^061,000 B. P.
(Limited).
or THE
tollowlng secnrllcs:
<
of Spain and England
Six Per Cent 20- Year Debenture Bonds
miortgages, to organize a
'
Securit)'.
Philadelphia
RAIIiBOAO COMPANir.
It
•
XI
[Vol,
i:
Of o»r BOND BOOK, co'nlaint'nK Information for Inyestorsregardlnc iiallrond Bonds, Isnowrendv.
Copies can be htid u|)on npi>lioation.
GOl P,
BABBUUB & SWORPS, Bankers
No. 10 Pine Strt-et, New
„,„
IVllljanioTe about ApHi ist to No. 18 Wall
York.
Street.
Branch Offices:
Connected by Private Wiret.
Philadelphia, 132 ^South Third Street,
Albany, N. Y., 65 State Streot.
Providence, R. I., 13 Westminater St,
Etaaratog'^, N. Y.. Grand Union Hotel.
:
AND
S
tmtk
W
HUNT'S MERCHANTS' MAGAZINE.
lEPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATBa
VOL.
SATURDAY, MARCH
42.
NO. 1,081
13, 1886.
CONTENTS.
Operations in shares on the New York Stock Exchange have
covered a market value of $133,369,000, against 1120,932,000
THE CHKONICLE.
for the week of 188.5. And after deducting double these values
Clearing- House Returns
321, ary, and fioni January 1 to
The Financial Situation
322
February 28
327 from the New York totals the remaining exchanges, or thoea
Chicago & Ni>rthwe8t6tn ComMonetary and Commercial
pany'8 Current Prosjiects.. 324
EnKlisli News
330 of other origin, exhibit an increase of ."iS'S per cent.
Private Business in CoutO'esa. 326 Commercial and MJsoellaneoug
Ballroad Earnings in FebruNews
331
Wetk BnMnQ Mar. 0.
Wetik AuUtif Feb. 27.
|
|
.
1
I
|
THE BANKERS' GAZETTE.
Money Market, Foreign Ex-
j
change, U.S. Seouritlee. State
and Railroad Bonds and
Stocis
333
Bange In Prices at the N. Y.
Stock Exohance
334
I
CJuotatlonaofStoclisandBonds 336
Railroad Earnings
336
Investment and Railroad Intelllgenoe
I
337
(Stoeki
|
(Gotton
Bntered at the Post
Ollloe,
New
published in
York. N. Y., as second class mall matter.]
—
Terms of Siibscriptioa Payable In
For One Year (Including postage)
For Six .Mouths
do
Advance
6 10
Europo.in Sulmcrlption (incluling postage)
11 28
Annual subscription in Lon.lou (including postage)
*2 78,
Six Moa.
do
do
do
*l8s.
These prices Include the Investors' Supplement, Issued once in two
months, and furnished without extra charge to subscribers of the
Chronicle.
Buljscriptions will be continued until definitely ordered stopped. The
publishers c;iunot be responsible for remittances unless made by Drafts
or Post Ottico Money Onlira.
A neat (lie cover is furnished at 50 cents: postage on the same
cents. Volumes bound for subscribers at $1 00.
Offices In
18
England.
The olflce of the Commi;kcial and Financial Chronicle in London
ts with Messrs. Edwards
Smith, 1 Drapers' Gardens, E.
where subBcriptioiis and rtdvertiaf-meiits will be taken at the regular rates, and
single copies of the ji tper supplied at Is. eacli.
The olHce of the C'huonicle in LiverpocJ is at B 1.5, Exchange Buililinss,
C
&
&
Co., Pablishera!
„, ) WII.I.I.V7I B. B.liVA
DANA,
JOHN O. PLOVD.'"^i 7» &: 81 William Street,
>
PO.ST Office Box 958.
WILLIAM
B.
shares.)
+31-6
(8,164,887)
(1,838,981)
(+173)
bales.)
1.233,000)
(.Qrain... bushels)
(20,876,000)
(885,100)
(35,950,000
iPetrolewm..bbla.)
(85,742,000)
(64,802.000)
183,823.482
4,125.700
1,S&0,541
1,109,880
$88,992,403
W9.822
533,83ii
823,3t9
602,178
737,864
357,920
Boston
ProTidence.w
Hartford
New Uav;en
Portland
Worcester .....
-
824,722
680,898
Lowell
,
NEW YORK.
Bank exchangea
for the week under review are decidedly
This is especially true after due weight has been
given to tlie causes which now have an effect to unsettle general mercantile affairs. The causes we refer to are the labor
troubles in many sections of the country, affecting on the one
favorable.
hand railroad tran'sportation and on the other mill operations.
In this latter direction, however, considerable progress towards
adjustment of the difficulties has been made by advancing the
rate of wages and by changes in the paj'ment periods. In
ifact, a number of mills in the New England States have made
settlement on this basis.
The strike on the Gould Southwest-,
+84-a
3,.')2
1.500
1. .536,424
1,122,203
(+287-8)
(-41-9)
(-44-8)
t21-J
+17-8
+22-4
(1,692,485
(+17B)
(606,800
(19,501,020
!-4a-8)
(48,7J0,OOO
(-4a-7
$67,279,057
+as(-4
8,87.1.800
+15-8
+11-7
+16-3
+0-<
1,430,118
--1-1
+491
851,14
821,809
605,382
652,218
435,026
+tr»
+3-1
+370
— 7'7
+16»
+8-ft
193,823,279
177,693,881
+20-8
$75,508,050
+21-4
142,042,486
7,038.252
12,341,198
+51-4
+80-8
$45,314,394
+a8a
7.078.084
-08
10,510,306
+14-4
+7-0
184,410.244
$81,419,911
+37-4
$42,181,1861
+17-3
Cincinnati
149,408,446
13,123,250
vlilwaulcee
3,781,672
Total Middle..
Detroit
iQdlanapolta
,
....,
$62,902,786
+48
9,120,600
+430
$36,004,372
7,821,300
3,2)2,159
3,400.445
2,580,3Ha
2,833,728
2,748,680
1,120,835
1,080.780
+11-2
+25-3
+3-7
1,970,187
+12-8
+38-8
1,814,080
+62-11
681,888
2,609,365
2,505,909
+46-7
972,611
+17-8
+«-5
+286
Cleveland
2.146,239
1.877.811
+219
Columbus
1.959,764
1,302,601
81«,'i78
9J4,0H2
3.931,891
3,S83,764
2,164.872
+44-9
-14-4
+3J-7
178.821,184
J64,692,599
+218
$57,261,111
+10«
115.992.
115,1)13,315
+0-5
-7-3
$12,880,520
601.80
+50
7,747,230
Peoria
Omaha
Denver*
Total Western...
CLEARING HOUSE BETUBiVS.
PerCtni
1886.
$570,399,480
$63,665,959
8,482,478
12,261,807
Total N. England
Philadelphia...
Pittsborg
BfUtlmore..
Chicago
is
P«r 0«nt.
1512,245.391
Sprlagfleld
$10 20
1886.
W74,207,5^9
Sola o/—
i
The Commercial axd Financial Chronicle is
New York every Saturday morning.
I
1888.
New York
+^4
75S,
818,368
8,559,
8,08.>,098
Louisville
8.976,
4,776,569
+251
3,486,710
Kansas City
1,936.
3,085,159
4,081,171
Memphis
2,037,
2,021,037
+33-»
+0-8
+11-5
+3J-3
-1-0
+7-8
+20-3
1,651.783
-0-7
Galveston*
1,327,
Lonlg
St. Joseph
New Orleans
at.
Total Soothern..
jan Francisco
Total
Oatside
•
all
New Vorb
Not inoluded
I
1,038,313
,972
I38,260,£
$34,394,606
+112
$30,479,«M>
113.463,0
,045
$11,287,435;
+19-3
$8,045,614
$982,9" I,,293
t78l.733.S03
»308.783,W4
$249,488,412
+29
+23 8
+8-4
$HH,589.g67i
-l-M-t
$234.1o».777|
+16
in total.
Our telegraphic returns of exchange.< for the five days
some decline at all points except New Orleans from
em system of railroads, though not fully reflected in the the figures of last Friday, but at St. Louis, where a consideratotals, has now reached very large proportions, and seriously ble decrease was almost to be expected, the falling off has been
affects the territory west of the Mississippi from St. Louis to very small. The comparison with 1885 is very satisfactory, the
the Gulf, and will undoubtedly be more marked in our tele- gain ri?corded in the whole country reaching S? per cent.
exhibit
graphic figures for the current
five days.
feature of the present returns of clearings (that is, for the
week ending March 6) is the decided improvement exhibited
New York
outside of New York. As the week ended February 37 emSales
Five Dayn Btiding Starch 12.
6 D'vt tnd't 3rar.
A
of stock (she.
1886.
$490,477.
(1,5110,471)
18S6.
1384.019.358
(1,13»,!86)
P«r Cent.
+27-7
(+398)
+27-»
+88-8
+8-0
+14-8
+14-8
braced only five business days, no true comparison with that Boston
64,115.297
60.138,888
43.002.010
83.294,791
period can be made but referring to the returns for Februiry Philadelphia
Baltimore
9.446,916
8,748,056
20, we find that, with but five exceptions, every city is now in CblcaKo
34,256,000
29,921.711
10,97,'',0I8
18.e09,M2
excess of those for that week, and that at some points, notably St. Louis
+231
6,458,471
8,077,519
Boston, Philadelphia, Chicago, Cincinnati, Milwaukee, Denver, New Orleans
1661,083,1)70 $923,500,291 "+26-4
Total
St. Louis and Louisville, the gains are heavy.
San Francisco Balance,
+81-B
49.779,418
60.521,155
Couotry*
also has a very fair increase, due perhaps in part to a freer
$728.809,125 I573,88i'.7n9 ~26-0
Total all......
movement of freight eastward, stimulated by the cut in rates
Onuide New Vork t238.0-J7.«a« »l>9M-i".;*''tl 4-2«-«~
oa the trans-continental line.'».
* Ifisitmated 00 the basU uf tQu last weekly returas.
;
,
5.
PtrOmt
1886.
$563,785,124
~+i?7
(1.948,8891
(+S«W)
68.20S.1.'0
+158
81.016,872
10.201.7S2
42.893,000
18,174,9M
6,08l,18i>
+48-8
-&»
+Wl
-w-a
-a-s
"$757 078811
93('
+81-8
041 UM^ fli?
TuJT^
48.041
+ar5
.
THE CHRONICLE.
The foregoing, notwithstanding the
THE FINANCIAL SITUATION.
There has been no
special
change
in
[Vol. XLII,
gives us a total of
all
larger cotton exports,
values about $323,000 dollars less foi
money during the February, 1886, than
for the
same month
of 1885,
The
whatever hardening excess of exports for the whole country in February, 1885,.
past week, except
been for the time bemg was very nearly 12 million dollars. This year, however,
Lndency was apparent before has
a
We are inclined however to look at this asin the balance in our favor cannot probably exceed 3 million
arrested
i-ates
better
little
anticipate
dollars, and is not likely to be so large, as there has been so
temporary check, and to
has certaialy improved, and considerable an increase in imports;
Business
months.
future
less timid, the GovernIn continuation of last week's Treasury figures, which
more than that, capital is getting
with
anxiety
that
now
strong
we gave in this column, we have received further returns
ment position being so
less a factor
and
less
becoming
is
since, which enable us to bring down the Government
regard to our currency
This
financial outlook.
the
of
up
make
operations to and including March 10, and our merchants
general
may be
it
that
in the
can in the end only bring higher will be glad to know that they are all of the same favorIt is not
increase loans and encourage able character as those heretofore reported.
rates, as its tendency is to
adverse to that tendency often that a public officer is so fortunate in getting
influence
an
though
enterprise,
should these differ- abundant proof, and so quickly too, of the felicity of any
troubles
at the moment is our labor
would not be at all change in financial expedients. We showed last week that
it
ences assume a more settled aspect
down consider- for February the amount of silver certifica;es in the Customs
drawn
surprising to see oUr bank deposits
call money,
represent
balances
So far as bankers'
receipts at New York had fallen to the trifling figure of
ably.
to
up
averaging
rate
the
urgent,
less
8-8 per cent of the total, and that the stock of gold held,
the inquiry has'been
yesterday there was a notwithstanding the bond payments in progress, had
and
day
that
on
percent;
Thursday If
being about 2 per cent- increased about 8 million dollars during the month. Now
little better demand, the average
unchanged;
With regard to commercial paper the rates are
we find for the first ten days of March, that of the
paper, but as a rule the Customs receipts only 8-9 par cent were silver certificates,
long-date
taking
are
banks
few
a
one name.
inquiry is for short notes carrying more than
and that the stock of goll has further increased in the ten
at
-tCf pence par
Bar silver in London is still quoted
days over 2 million dollars, being Mirch 10 about 146^
ConFebruary.
ounce and the market appears to be without feature.
millions, against I44t millions the close of
subject
silver
the
on
equally
down
quieted
statement
gress seems to have
Bat there are other features of the
in confidence
growth
;
We
received Secretary Manning's communication.
docuinclined to attiibute in part at least to that
Bince
it
satisfactory,
some
of
'
which ought to please the lovers of
new policy; we
silver, and lead to their approval also of the
our
statements
Treasury
March
the silver
of
both
day
first
the
every
and
that
fact
ment
the
refer to
Toey
to be
seem
outstanding
certificates
easier market this week for foreign exchange.
silver
dollars and
together proved that for the time being we had passed slowly increasing
in other words, that with the growing
the point which justified fear with regard to our currency, strength of the Government, confidence in silver is alsoso investments in long sterling (so long the feature of the returning. The dollars in circulation March 10 were
are
;
be so urgently sought after in nearly 52 millions, against less than 5^ millions March 1,
Kates for long bills were marked down this and less than 41^ millions Sept. 1, while silver certificates
the future.
week half a cent per pound, and some bankers have in circulation have also gained slightly. Now what is this
reduced their rates for short bills also; all make concessions wonderful influence that has worked such changes. It is not
which bring the rate for actual transactions a fraction below
or puzzling when once explained, for it
market) are not likely
to
in the least abstruse
Francs, nevertheless, continued
the gold exporting point.
high enough to admit of the shipment of gold, but the demand was not urgent, and now as they are slightly easier, it
then becomes as simple as Columbus's egg riddle—it is^
pressure from the
in fact, nothing more than taking off all
paying each man
and
currency
kinds
of
issue of our various
that for the present any inquiry for exchange will
whether he be a bondholder, a stockbroker or a horse-car
paper.
driver just what he wants, be it gold or silver or
Labor troubles have been the feature of the past week.
is likely
be
satisfied
with
bills.
The gold exports
for the
week have
been $1,468,0-47, the most of which was to the Continent,
and since the first of January the Continent has taken from
•08, either directly or through Great Britain, about 7^ mil-
A
lions.
feature of the market
ply of cotton
is
Even when confined to a single industry, such disagreements are always more or less disturbing, but when they
a continued better sup-
The Bureau of
touch
so
many departments
of
trade as they
now
do,
Statistics issued yester-
miles
and especially when they extend to several thousand
day its statement of breadstuff.-s, cotton, &c., exports, which
involved,being
roada
of railroad with rumors of further
showed how much larger the cotton movement has been
businessthey cannot fail unless arrested soon to check
of late weeks this year than last, and this is likely to be
is only too manifest within the
bills.
materially.
the case for some time.
Tbe statement
is
as follows.
EXPORTS OF BREXDSTOFPS, PROVISIONS, COTrOS AND PETROLEUM.
which an embargo is put upon the
but it has a much wider range
movement
for commerce, as we well
caused,
distrust
the
through
worst an
know, is very sensitive, always discounting at the
in
impending evil. Besides, higher wages at this crisis
immediate
,
This effect
districts in
of
1885-6.
Export!
from
1884-6.
V. S.
Ftbruary. 8
Afonthji.
FeJ^uary.
8 Montht.
February.
8 Months.
QvULntUtei.
5,889,722
Wfaeat.buBh.
6.058.107
29,606,897
Flour... bbls.
573,130
5,117,160
Wtaeat.buah.
Corn. .bush.
7.637,216
62.834,117
9,237,723
6,185,197
36,664,946
7,249,308
Total busb..
19,822,413
89,: 09,063
16,487,031
Value$,
flour
t
6,860,866
t
50,427.350
8.6.18.7 1«
88,931,785
3,169.571
19,630,46*
3.811,37J
91.320,889
13,Si3.936
7,680,988
Oom Jbmeal.
2,020,933
19,692,031
9,809
60.917
98,116
2,335,669
5J.-82
1,740,271
318,888
2,732,781
231,0: >1
l,621,95^
61 ,949
789,363
13,7691
119,379
12,385
310,079
21,264
237,718
Wh't &
Bye
Oats & meal.
Barley
Breadstnlh..
Provisions
I0,104,83ll "72,610,97«!
Cotton
Petrorm, &c.
17,204,068' 148.386,080
.
Tnt»1.
..
.
6.661,818'
3,219,461
!
!8.801,060
33.';25,129
;^7.2?ft.7-;ft 31-^.2-';^.247
881,
1
67,767,688
3,977,833
4!>,153.4ol
6,790,87;
6'M,380
3,936.613
98.336,60
8,787,543
73,868.315
27,8U,77t
3.090,614
31,334,183
23,938,372
9,881,187 107,202,610
t
«
I2,747,.il2 110,320,132
7,435,4-D9|
71,499,401
14,394,86l!l68,6r3,943
2,975,»9l! 33,670,001.
'^7,5"-^ nfiJi :^a4
n^3,4«ri
t
freight
;
which have been long at a minimum, trades interlocking to so wide an extent that each
product, not alone itsin the end feels, in the cost of its own
If busias well.
industries
own advance but those in other
theseplain,
higher
and
another
ness had already attained
and
mill
the
with
but
force
little
have
suggeslions would
affairs
endanger
profits,
;
24,084,188 167,869,908
3,147,81-2 31,886,118
beginning to experience the better inquiry,
of
the soil we might almost say everywhere
products
with
in proSouth and West selling below cost, and with distress
the
and
manufacturing and labor circles in Europe
M.2'<- 4n-: .'57S.047740
world over, one cannot think these movements
10.081,022 110,383,674
6,080,475 78,108 010
factory only just
ducing,
timely..
March
THE CHKONICLE
13, 1880.]
323
Of course in cases of a real grievance, and especially ferer. This week's report makes another attempt to
where its relief by quieter methods is first unsuccessfully bolster prices. It tells us that the stock of wheat ia
attempted, the public nowadays extends its sympathy to farmers' hands March 1, 1886, was 107 millions, against
All that is within
labor struggles even at the cost of considerable per- 169 millions same date last year, Ho.
we
suppose,
though
of
course
mere estimate
province
about
the
its
was
situation
This
sonal discomfort for a time.
doubtful
of
all
its
estimates
at
that;
most
but whea
fortunate
and
the
was
too
in
contest
that
in the streetcar strike
" is the shortest
farther,
and
states
that
the
present
goes
Broadway
Railroad
it
the
when
moment
coming at a
"
developments wore making the people very impa- invisible supply of recent years," and that the visible
" and invisible supply March 1 was 15tf million bushels,
property
of
of
that
management
and
rights
of
the
tient
;
But very
description.
said in favor of
can be
little
"against 212 millions last
March"
&c.,
it is
getting into
by the employees on deep water, and so far as it has any influence is doing
Had the action taken great harm again. If there is one thing that would favor
the Gould system of railroads.
been preceded by negotiations, by protest, by a clear state- the price of wheat next year and benefit the farmer it
ment of wrongs, an excuse might be attempted; but a would be to get rid of the present surplus before another
sudden stoppage of the entire movement of freight crop is due; yet what it says encourages the idea of holdthroughout a very large district, entailing loss of business ing on, for the inference is it will all be wanted for home
arbitrary measure adopted
the
upon merchants, loss of perishable products, and vexatious consumption. As a statement of fact we should questioa
Its own returns represent the amount still
delays upon parties in no way interested in such a strug- these figures.
" farmers' hands."
Accepting those results as correct
in
means
peaceable
for
tried
first
even
gle, without having
stated
above
they are but estimates, and in
as
(though
and
before
even
any,
had
if
they
grievance
the relief of a
nature
less
likely
correct than any other of its
to
be
their
unprosuch
an
wrongs,
their
or
stated
formulated
having
—
voked and arbitrary'interference with the rights and estimates), yet if we accept them, to make an accurate
" visible and invisible stocks," one should
interests of individuals, of the public and of the business statement of the
evidently include as "visible" all that is out ot farmers
of the country, can never meet wiih any sympathy.
What will be the limits of this labor movement no one hands, that is not only all that may be found at the cities
can say at present, for there are no limits to the
possibili-
covered by the ordinary visible supply table but at aU
somewhat less than other
roads have reported and probably it would not be far astray
and stations, and all ia
transit that is in process of being brought to such poiata
Such an inquiry is a very difi6cult undertakiiig and seems
wholly outside of the work of the Department. We make
this criticism with regret, because the Department's crop
estimates have shown increasing care and independence of
late years
but we have for some time felt that these
addenda are very unwise and sometimes may be very
harmful for a Government report generally carries with
to say that on the average labor receives about a third of the
it
ties of
note
In 'the meantime
foolishness.
how
large 'a class
directly involved
is
interesting to
it is
that
;
is,
what a
large portion of the earnings of our railroads go for labor.
We notice,
Chicago
penses
is
&
for instance, in the late annual report of the
Alton Road that 53-3 per cent of its operating ex-
given as the amount
1885, which
would make
This
of the gross earnings.
gross earnings; that
is,
it
bad paid for labor during
about 31 per cent
in that case
is
depots
other storing points,
;
;
out of a total earnings for the whole
more influence than it is entitled to.
The stock market keeps up its see-saw motion, with no
far
system of roads in the United States of 770 millions for 1884,
labor received about 250 millions, and stockholders' divi-
great or important fluctuations
dends (whose investment made
rapidly
millions.
why
We
do not
cite
this possible)
these figures as
took only 93
stocks,
upward,
any argument afternoon,
a railroad shoiJd unjustly treat an employee, but at
except in a few special
such as the coal shares, which at one time
things
make
and
at
sharp
a
considering,
move
another, as happened yesterday
plunge
however,
the
downward.
All
market displays
marked strength, and certainly responds much more
Tne investment
readily to good news than to bad news.
view; demand apparently is still active, as is evidenced by the
the same lime the figures are interesting as indicating that
much abused
this
species of
property
a wonderfully
is
beneficent agent even
from the laborers' point of
and further that such results as these seem to present a large transactions in bonds at enhanced quotations. Ia
case entitling a railroad to fair play at least, from the reference to the latter, it is well to bear in mind that prices
class that absorbs a full third of the gross income of its of all kinds of bonds have ha 1 a considerable advance
operations. And the treatment the Gould system of roads during the last nine months, and that much more caution
has received, certainly is not fair play.
is necessary in buying them now than at the beginning of
the period. The best class of securities can certainly be deThe Agri- pended upon to sell higher than ever before, but opportu-
Other than the labor troubles there has been no new
point in business
affairs
of special
interest.
Department has issued a March crop report,
which has excited some comment on account of its statements respecting the wheat surplus. These statements
seem to have been inserted for spfculalive use in our
cultural
breadstuffs markets.
We
doubt the wisdom and propriety
of the Agricultural Department giving
outside of strictly crop
good
intent,
misleading.
but
it :s all
its
views on points
probably does it with a
out of place and freqwntly very
Last August,
in its report to say,
" must rise
news
for
It
instance,
speaking of wlieat,
it
took occasion
that
"the price
soon as present commercial stocks show
"signs of depletion. In the rise thai appears inevitable it
as
nity will
get rid of
also be
taken of the current active demand to
those of a far inferior class, and against
beinjt;
caught in a trap of this kind investors should be on their
guard, for the word " bond," if not backed by substan ia
evidence of security, possesses
i.o
greater
charm or magia
than the word "stock."
There have been no new influences of a general character
work to aSect values this week. Tue market has beea
dominated wholly by the reports and rumors with regard
at
to the trans continental
fight,
the labor troubles, and the
progress of the Reading syndicate arrangements.
Work
Ever since that date the market has been dragging
and lower, and in Liverpool the decline has been almost
Reading reorganization scheme according to the
accounts seems to be progressinsr satisfactorily, and
The current
the plan in detail is momentarily expected.
harmonize
it
would
that
week
the
belief has been through
constant, so that as far
all
"
is
desirable
thai
the producer
should get an equitable
" share."
as " the producer " has followed
the Agricultural Department's advice he has been a suf-
on the
interest?,
was seen
and one effect of this belief in harmony
advance in Reading stock to the highest
in the
.
'
.
.
THE CHRONICLE.
r^d'IA
On Friday
.ipoint yet reached in the present movement.
of reports
circulation
the
under
again
.; there was a decline
I
much
,
continental
/
way
less favorable to
difBculty,
Mr. Fink has enlisted his good
of settlement.
NORTHWESTERN COMPANrs
CURRENT PROSPECTS.
CHICAGO
Mr. Gowen's prospects. The transtoo, it is rumored, is in a fair
From
[Vol. XLll,
d:
offices
down
we have secured returns of the
compmy, which enable us to bring
a special source
net earnings of this
current accounts to a comparatively recent date,
its
and as a peacemaker
and also afford to the reader some idea of the probable
any
among the railroads Mr. Fink has no equal. He, if
results of operations for the fiscal year soon to expire.
to bring
.
.
•
.
J
:*.
about
an
adjustment,
issue.
can bring the negotiations to a successful
some
where
pass
Moreover, -as matters have reached a
one,
companies
the
of
nothing,
is
it
that
evident
take
to
ofiering
are
business
can
towards the close of 1885 the company
that
fact
reduced
dividends on both
its
for
stock
struggle
the
The
not
invests
common and
preferred
figures with pirticular interest,
these
for
they permit us to see whether such reduction was a matter
Western
f'go much farther or continue much longer.
of necessity or merely an evidence of prudenca and conspecialties, the
weak
the
of
one
been
again
1 Union has
servative management.
of cash), and the
*l declaration of a scrip dividend (instead
The fiscal year ends Miy 3 I, and thres-q larters of the
poor showing made by the quarterly report, helping the year have already elapsed. It is manifestly impossible to
Western Union's operations, however, have get the returnsof net earnings for all of these past months,
4 decline.
and it is looked upon as
iJ been peculiar for some time past,
but we have obtained the statements up to the 1st of Jannot and
: a thing sui generis, so that its fluctuations ought
uary that is, for the seven months from Jane to Decemgeneral market.
,1 do not have much influence upon the
The company furnishes reports of gross
ber, inclusive.
i
The following statement, prepared from returns col- earnings regularly by weeks and months, and these we
lected by us, shows the week's receipts and shipinents of
But reports of gross earnings,
have down to date.
gold and currency by the New York banks.
J
themselves,
do not furnish any clear
though very useful in
.1
—
(
TTeek eliding
March
lieceived by
N. Y. Biinkl.
18, 1880.
It is well
clue to net earnings.
Net liilirlOT
MoveiMnt.
Shipvei bv
T. Banks.
known
that
the exhibits
of gross for the months preceding January gave a very good
»95.n0C
910,000 Gain.
»1 ,005.000
Currency.
account of themselves, and the question haj been frequently
15,000
Gain.
13,000
Gold
asked whether the improvement had also extended to the
Gain.... $110,000
tsio.ooo
11,020,000
Total Kold and leeal tenders..
net? This question we now answer by the following
The above shows the actual changes in the bank hold- comparison, showing the gross and net earnings (the
ings of gold and currency caused by this movement to and
latter after deducting operating expenses and taxes) in each
from the interior. In addition to that movement the banks
of the months from June to December, for the last three
Subof
the
the
operations
through
have lost $500,000
Treasury and $1,468,000 more by shipments of gold. years. These figures do not come directly from the comIT.
these items to the above, we have the followindicate the total loss to the New
York Clearing House banks of gold and currency for
tte week covered by the bank statement to be issued to-
Adding
pany's
which should
ing,
office,
for the last
months
of
separately for each month,
of
distributed
Wetk tfiUmi March Vi,
OvtoSSamla. Net Change in
Bank HnlfUnQi
1886.
'
BankB*tnterlor Morement, as above
^ J Bnb-Treag. oper, and gold exports.
,7,000,000
$910,000
8,938,000
"$8,080,000
$9,878,000
tl.OJO.OOO
.
Total gold and legal tenders
I,
The Bank
—
Gain..
$110,000
Loss.
1,998,0)0
may mate
total
in
the
the 1884
some of the months vary a trifle from the corthough of course it do33 not affdct the grand
We need hardly say that the returns do not
aggregate.
totals for
rect figures,
Loss tl,858.0W<
St. Paul k O.naha, or the
(Fremont Elkhorn &. Missouri Valley and
Sioux City & Pacific) in Nebraska, which are controlled
by the Northwest, but not directly worked by it the
statement covers, however, the whole Northwest system
comprise the op3rations of the
England reports a loss £97,636 bullion
This represents £U9,.364 drawn from the
_, for the week.
interior and. £247,000 sent abroad.
The Bank of France
• gained 17,404,000 francs gold and lost 1,673,000 francs
• Bilver, a,nd the Bank of Germany, since the last report,
»] increased 754,000 marks.
The following indicates the
amount of bullion in the principal European banks this
J,
week and at the corresponding date last year.
J-,..
that
the
distribution
the
corresponding months of 1883, which
.
— except
having the tases
1884, not
we have
for the half year on the basis
day.
exact
but are nevertheless
six
of
ISarcly 11, 1886,
March
Bold.'
Bold.
saver.
Blair roads
;
—
from these 3,843 miles up
and now 3,948 miles.
aside
12, 1885.
to
Jst of
the
January,
Month.
Silver.
$
Bank of England
Bank ot France
Bank of Germany
22,561.096
25,154,392
49,16l,734'43.717,713 40,125,269 41,8^4,505
18,5Gi),eOo'l6,459,400 12,956,850 15,836,150
Total this week
Total prevloOB week
30,283,430 60,177,113 7^,236,511 57,720,655
89,654,760160,226.173 77,689,395 •i7,665,622
The Assay
July
August
—
November
Har. 5
"
6
"
8
"
9.
"
10.
"
11
Total
«632,463
420,563
601,778
759,115
138,216
401,272
84
17
98
07
50
03
$8,000
3,000
2,000
1,500
2,000
4,000
*3,006,4r57 59
$20,500
.
coin, Chiefly standard dollars
Bold
Silver Oer-
Oertiflc's.
tifieale:
$394,000
292,000
300,000
481,000
124.001)
252,00(
ill,S43
00O
$168,000
90.000
253,000
227,000
34,000
74,000
if8
16.000
the gain in earnings has not been confined
equally
to the gross alone, but that the gain in the net
is
marked
less
;
in
fact,
of
the
increase
of
a
trifla
than
$800,000 in the gross for the seven months, over threefourths of the whole amount, or $658,515, counts in the
Every month, with the exception of the first, has
net.
$82,000
35,000
49,000
49.000
27,000
70,000
net
larger
than
in
1884,
larger net than ever before.
and some of them have
Taking the seven months
and comparing with 1883, we find that the
some
below that thea reached
$730,000 but on the other hand the net is $170,000
together,
gross
is
—
considerably
—
$292. on.
in silvir
3,754
7,828.804
Thus we see that
Ditiies.
U.S.
1.073,114
Total
OontUling of—
Notet.
1,470,906
Decembar..
Office paid
Sola.
1,394,472
September.
October
$243,068 through the Sub-Treasnry for domestic bullion during the week, and the Assistant Treasurer received the following from the Custom
House.
Date.
738,487
884,698
985,365
June
g'"®*'®'*!
^^^ reason
bsing that in this pariod in 18S3 the
I
expenses were unusually heavy.
i;
„..,„..
^
The net compares
.
_
well,
•-.ill*
'
.
AUkch
too,
with
come
THE CHEONKJLE.
13, 1884.]
188'2,
and
does the gross; but when we
so.
we
find
of
net
best
—
the
;
than at present, though the gross then was only $15,112,925, or $505,523 less than now,
expenses have increased in
With a
which
latter
the business conditions
shows how
the meantime.
hare some
of
given above, not because they embrace a shorter period of
time, but because they comprise the winter and spring
certainly
is
is
in
the country as a whole, also
the
as
far
influence of the latter
concerned, the position in the
more
satisfactory than
year
a
Northwest
ago and at
;
concerns the crops, both in their direct bearing as deter-
mining the extent of the cereal movement and
in their
indirect bearing as influencing general trade, the outlook
is
equally encouraging.
The
yield
of spring wheat in the Northwestern section
season was not as heavy as
last
—
—
As
effect.
circumstance
$658,515 in the not for the seven
months for which we have returns, the question occurs
In
what are the probabilities for the other five months.
extent of earnings and traffic these five months are of
very much smaller coasaquonce than the seven months
gain
meaanre determined by the
district is in great
company agricultural outturn in that district if the farmer raises
$7,947,4G0, or $550,849 more nothing he will have nothing to spend
but besides that,
to 1881 (Tiacal year 1881-2, the
ever had)
any given
325
the previous year, but
in
months the light months while the period from June the immediate effect of that reduction we may suppose has
to December covers the summer and fall months, the time already passed away.
On the other hand, the production
And yet the changes in results in these of corn, which is a much more important item, was only
of heavv traffic.
five months are sometimes heavier and more pronounced a trifle below the exceptionally heavy outturn of the year
than in the other seven this because the weather is often preceding. And being the second heavy crop in succession,
a controlling factor in the situation. Here is the variation it is likely that the benefits to the roads will be greater,
in gross and net earnings in these months for the four since the farmers will have more to spare out of it than
they had out of the preceding crop. At any rate the increase
years preceding the present.
—
in earnings already established
Month.
the 1st of January, in
(7roM
JSU
Grosi
Ntt
Gru$s
ATrt
Ertrn'ps. Earn'gs. Brtrn'v*. Efxm'QH. Ertm'fls- Sarn'gs. Earn'QS. Bar^ryft.
Jan.... 1,612,880
Feb.... 1,47»,80S
March. 1, 986,542
April.. 1,770,829
May...
t
131.042 1.602,419
329.862 1,804,101
t
*
t
1,V32,75>1
s«.es5 1,367,1128
8S7,75i 1,311,386
937,977 l,7iJ6,940 631,076 ?,096,293!
623,906 1,751,3791
713,803 1,822,184
857,369 2,076,82i* 1,001,770 3.157,206
228,.''40
wheat,
first
larity in result
sight
would seem
from year
to
504,518
608,490
64;,102
906,312
989,748 1,672,931
695,480 1,668,741
918,457 2,110,947
have fluctuated scarcely
at
ice causing an imme
and to the results for the first
two or three months, that we must look for evidences of
and here we observe that
the effects of the weather
while in 1882, when the winter was unusually mild, tlie
total of the net for January, February and March, was
$1,544,118, only the year before (which the width of our
columns does not permit us to give), when the weather was
probably the worst ever known, the total for the same
three months had been but $429,204, a difference of
Or take only the first two months, and com$1,114,854.
pare the total of $935,628 for 1882 with that of $245,695
in 1883, in which year the weather was also quite unfav-
But
it
is
(snow and
to the net
much
so as in 1881, or compare
with that of $397,407 in
What
1884
and $460,904
distinguished the memorable winter
its
natural state and
has played an important
movement
of
that section; ahd under
traflic in
the influence of the heavy yield of 1885 (now
way
to market), the future
orable results.
would
finding
of corn in the States
& Northwestern
lines,
for three
years past,
we have prepared
the
following table.
company
most interested
the
yield in Iowa,
is
in
roads
its
lie,
its
seem to promise fav-
also
To show the production
product of corn in
and
in
that
The
where
State the
1885 was 242 millions, and in 1884
252 millions, against only 169 million bushels in 1883.
But by reason of controlling the Blair roads in Nebraska,
which are being steadily extended, and which deliver their
;
not so
part in the
over 1,100 miles of
diate increase in expenses)
orable, but
evidence that corn, both in
traversed by the Chicago
irregu-
to year, especially as regards the
gross, whicii in the aggregate
aU,
seven months to
the
face of the smaller yield "of
431,080
1.474,17
show no great
is
the
in the shape of corn-fed meats,
t
23,156 l,e44,981|
»,88-i,eio i,»70,033 8,«72.463 2.953,883 8,675.89518.749,378 (',671,731 3,097,562
This at
in
1884.
18SS.
traffic to
the Northwest
great interest in
the yield
is
for
shipment
east, it
also
has a
the production of Nebraska, and there
heavier even than in
1884, or 129 million
bushels.
Stnte.
1883.
1881.
1883.
Iowa. .bush. 242,496,000 !232,«00,000 169,929,000
Mln-^esota..
it
in 1885.
Wisconsin..
l,s.4Sl,0O0| 23.630,0C0| 15,124,800 34,2^5,000
32,7jO,0Oo| 26,800,00ol 2S,579,30o[ 15.665.000
Dakota
15,345,000| 13,950,('00|
Total..
Nebraska
of 1881 was
18S4.
S0.832,0l)«
Total
..
. .
4,915,065J
18S3.
SI,270.000| 27.518,800
41,3' 7,000:
3:j,773,2f0
20.1 88,000'
19.60J.900
27,913,1 0o| g2,a30,OOol
10.138,000
SO9,022,0OOJ318,38O,O0O 213,248,153 H8,1W5,000,114,»OIVOO
129,426,000 123,100.00:: 101,278,f0o| 10,828,OOo| 28,385,000
all. .l43H.448.nOfl 4;<8. 480.000 314.527.0.'i5 12M.fl23.l
B7.0S4iBO
27.481,300
On 143.3157ioo TJT.yBJgf^
it having proved a
Tnere is still another way in which the Chicago & Norththrough the first quarter of
western
earnings may be increased. In the report for the
the year.
This year the weather has also been bad, with
numerous obstructions, but the difficulty has been compassed year 1884-5 it is stated that of the $1,518,568 decrease in
within a period of four or five weeks.
In this respect the gross earnings in that year, no less than $749,367 was in
not alone
its
severity but
serious adverse influence
its
duration,
all
condition has not been materially changed from last year,
the item of transportation of iron ore.
about the only difference being
nected with iron has greatly improved since then, so ttat
that
then the period of
Everything con-
weather came in ' February, while this there is thus the possibility that some of this loss may be
year it came in January.* So whatever the loss from recovered.
All things considered, therefore, the probability seems
that circumstance, we may suppose it already reflected in
to
be that in the current five months the earnings of the
the 1885 figures, and therefore requiring no additional
particularly bad
five
allowance in 1886.
But the weather
is
months of 1885
were.
not the only influence governing
will
be exceeded, large though these
It is true that the figures
thus far hardly sustain
two months ended February 28
earnings in these five months. It may, under exceptional
the
gross
behind
1885 but that, it should be
is
$60,576
circumstances, as we have seen, cause great loss
but
unless prolonged, the conditions as to general trade and remembered, is entirely owing to the heavy loss in JanuIn February there was a
the crops are sure in the end to control. General trade in ary, occasioned by the weather.
gain of $123,997, though for the ^rs't week of March
this view, since
for
the
;
;
* The flKurcB abore would f eom to show that Janii»ry
was the worst
inontb last year, too, since the nnt In that month was oiilv $l3I,(iO',
while In February It was ^ii'J.OOO; but in explanation "it shouhl bo
salil that In January and February a great part of the year's taxes aro
paid, and that the January payment usually exceeds that for Februtrj07 About $iUO,OUO.
now there is a decrease again of (15,600.
The fairest
way probably of treating the matter i& to regard any
I
gain in net in these
five
months as being offset by increased
"
—
THE CHRONICLK
326
from investcharges for the year and decreased income
the Ist of
ments. The company's funded indebtedness on
taken
that at
January, 1886, was not materially different from
incapable.
the end of May,
1885.
Some bonds matured in the
its
XLU.
duty, either because-
disinclined to work, or because they are
Sometimes the complaint is laid against th«
which are certainly devised with great
rules of the House,
skill
we have in mind would occur because part of the bonds
put out during the previous fiscal year presumably did not
tees
the
that Congress neglects
is
members are
the
but they have been replaced by others bearing
same rate of interest. The increase in charges which
interval,
[Vol..
of
enable
to
;
bat
minority to
a
and
legislation,
with
trouble
the
obstruct
the
give great power
to
the
rules
progress
commit-
to
is
not
just-
where the popular judgment locates it. To see what
is the nature and extent of the present evil, it is important
increase
the
what
year.
Just
that
full
in
in
bear interest
would be on that account we do not know, but it could that we look at the case exactly as it is, and refrain from'
exaggeration.
It is true, in the first place, that the
not be a considerable item. In addition, the company
number
bills
introduced increases with each succeeding
of
holds 53,800 shares of Omaha preferred stock, on which
Congress.
What
are these bills ? For the most part they
dividends have been reduced from 7 per cent per annum
fall
into
classes
those of claims and those of pentwo
of
item
to 6 per cent, involving a loss of income on that
sions.
To
on
the first of March, when the
illustrate:
in
the
counted
$53,800, though one-quarter of the amount
introduction of bills, the numStates
were
called
for
the
in
changes
minor
some
previous year. There may also be
ber
bills
submitted
was 492. Of these 191 wer&
of
new
worth
hardly
but
it
is
or
income,
charges
other items of
We are not trying to give exact bills "for the relief" of claimants; and 179 were to grant
while referring to them.
That is to say, almost exactly threefigures, and, in truth, it is not necessary that we should. or to increase pensions.
In the case of the Chicago & Northwestern we are dealing fourths of all the bills were of these two classes. Fiftywith large figures, and a variation of one or two hundred nine of the bills were public bills of a more or lesa
thousand dollars, one way or another, really makes no par- important character; 17 were of a miscellaneous character, such as giving condemned cannon to posts of the
ticular difference.
—
According to this method, then, the state of accounts at Grand Army, authorizing the erection of bridges, etc.;
the end of the current fiscal year should be something 34 were private acts, for the most part " to correct the
On the 1885 operations there was a surplus of military record" of certain former soldiers, of course for
like this.
$575,699. With no change in either earnings or charges, pension purposes; and 12 were for the erection of public
Now the first thing to be noted is that
that would be the surplus also on the current year's opera- buildings.
tions. But the seven months to the 1st of January we have taking the bills of this one day as a fair average, as we
seen show an increase innet of $658,5]
Besides
the surplus to $1,234,214.
5,
which would
this,
raise
however, by the
think they were
—the increase in
reduction of one per cent in the dividend on both com-
It is impossible for
mon and
fast as
preferred
stock, the
company reduces
dend requirement $536,907, and adding
this on,
its divi-
cent on the preferred, the
company would have a
of over If million dollars on
tions.
Hence
it is
clear that the
was not forced by
surplus
the twelve months' opera-
Of course, in the surplus
given, the net income from land sales, which in the late
year amounted to $557,390, is not included, since that
never forms part of the company's income accounts.
last of
demand
a
to each
of
PRIVATE BUSINESS IN CONGRESS
of
the
biennial term.
We
do not say that these private claims are the only
obstructions to the progress
of
public business, but
They occupy
time that might be profitably devoted to other matters of
No amount
greater consequence.
amendment
criticism
not clear
legislative
month of the session were hardly more
The number of public bUls passed by the
fruits of the third
industry and no de-
human frame
is
capable
ate in saying that not a smgle strictly
public bill was laid
before the President for his approval during
the month
of February.
Compare what has been done with
the
work Congress lays out for itself, and the result
is almost
grotesque.
At the close of the session of the
1st of
March the number of bills introduced
thus far in the
Senate was 1,721
the number introduced or
reported by
committees in the House was 6,386
grand total, 8 107
;
These facts, and others to be
presently cited, Ire not
menuoned by way of criticism, at
least not of the ordinary criticism, upon
Congress.
The view commonly
;
1
large as this has become, to say
It is therefore idle to look to
arrears.
of the rules to afford Congress
any
relief.
an
Our
upon the National Legislature is not that it does
away the obstruction which stands in the way of
devoting itself to public business, by patiently doing
its
the work, but that
all
away
it
does not find a
mode
of sweeping
it
at once.
These claims are before Congress
(1)
because they are
not provided for under general laws, and (2) because there
is no other tribunal which can grant relief in cases not
House in February did not exceed ten, and only
two of
them had any general interest—the Widows'
Pension bill provided
and the Dingley Shipping bill. We believe
we
are accur-
a country so
nothing of
same body
passed only two public bills— the Presidential Succession
act, and a bill decreeing the forfeiture of
certain small
raiboad land grants in the Southwest. The
important.
the
they are the most troublesome obstacle.
In the month of Jansession, that
has
it
The list, meanwhile, lengthens, and only an
proportion of all is finally disposed of in any
insignificant
arise, in
the beginning of the present session of Congress, the
House of Representatives modified its rules in order to
month
We
Congress.
kind until
can enable Congress to dispose of cases of this sort as they
At
uary, the second
this
been granted.
gree of endurance of which the
facilitate the dispatch of business.
is wholly in
on the surface.
Congress to dispose of these claims aa
All new, all neglected, and all
claims, are re-presented
never see the
reduction of dividends
necessity.
number
lies
they accumulate.
we have refused
a total surplus in prospect of $1,771,121. In a word,
above the 6 per cent dividend on the common and the 7 per
the
The reason
the two largest classes.
for
by law, where equity demands it. Yet it ijt
power of Congress to meet both these
quite within the
wants.
The preparation
of the required legislation
is,
no
doubt, a matter calling for the most careful study, but the
materials are abundant.
mission consisting of
Congress should create a com-
able lawyers and
entrust to that
the laws so as
Congressmen, or
and
body the duty of suggesting a revision of
An
to meet the case of equitable claims.
ex-Congressmen, familiar with the
claim business,
made to Congress on claims,
dozen years, would bring to light most of
the existing defects of the laws, and the rest would appear
if Congressmen would present to the commission the
attentive study of the reports
during the
last
—O
.
March
1886.
18,
..
....
1
THE CHRONICLE.
|
statements of facts upon which
claimants whose cases
tlie
327
$251,000.
P'ebraary h*a not b««n a particularly good
month we mean aa concerns the meteorological infiaeiMea
But there is a very numerous class of claims which at work for a number of yeara paat. Yet, in the aggrewould be provided for under existing law were there not gate, earnings do not seem to have saffered as much aa
A might be expected in the circumstances, about the only
a deficiency of evidence of the kind required by law.
court is surely as competent as is a committee of Congress to effect being that between 1882 and 1886 they remained
decide such oases. An attempt was made some years ago, nearly stationary.
Here are the totals as taken from our
in what is known as the Bowman law, to refer claims that tables for that month back to 1880.
before Congress to the Court of
ordinarily come
they have
in
charge rely for
no
Evidently
Congress
experiment
to pretend
willing
is
it
aa
First, the laws
Ttor
Tmr
Tlar
PrtetHnt.
(Hvm.
Pnetdlnt.
MUa.
MUa.
must
be so amended that no equitable claim need be presented
to Congress, because it can be allowed, under the law, by the
proper officers; secondly, the claimant must have a tribunal
t
Feb.. lR80(44ras<]a).
Feb.. 1881 (89 romdi).
Feb.. 1883(48r<Muls).
Feb., 1880 (B«
MX19
S8.3SB
40.998
4T.3I3
48.330
B0.846
4V.389
reb.,188S(aOrowla).!
Feb., 1884 (DO roada).
Feb.. 1885 (B9 roads).!
r<)8(ls).
Inemttmr
Ytar
atom.
The
from Congress must
be useless.
will
long
so
do the work.
to
claims
for excluding private
be thorough, or
succeed
will
JSonOfW.
Jrorofft.
Evidently the experiment has not succeeded.
Claims.
plan
—
—
relief
85.31 S
43,048
39.174
49.134
48.390
«
1
18.798.8TS
11.009.488 r>u.
iMtjam
IO.MB.8e9
10.S303T1
lOAmiKVInc.
4«S,7UI
IS.611.817 /IK . 3,»l8igM
16,«8e.781 Inc.
814.841
17,1B1,80»
16.016,103
I3jm.a»lnc.
1B.SS8.0B7 Dk.
10,OH3.8M
14.<«B.18llfnc.
i4.6ia.ogg
740.WO
S6I.87*
IMOM
February, 1882, was an exceptionally favorable month,
which he can go with his irregular and incomplete eviand obtain allowance of the claim if he establishes so the increa.se then was nearly four million dollars after
the equity of his case; and, thirdly, the rules of each that, the changes up to the present year were slight, but it
House of Congress must provide that every claim presented will be noted that with the exception of the small loss
to
dence,
;
body shall be referred to a committee to ascertain recorded last year the gain was continuous in the whole
was not addressed to the executive officers of the seven years given. To be fure, the same roads are not
Government, or to the court. Unless Congress is willing comprised in all the years, yet the figures afford a pretty
to that
why
it
to refuse to consider private claims,
will be required to
it
them, because Congress
We
clear indication of the cours*i of earnings.
now
give
showing the earnings and mileage this
claims court in the world. The Congressman is the counsel and last year on all the roads reporting, from which it can
except a vote at be seen how the gain of $1,230,243 was brought about.
for the claimant, and he asks no fee
examine
of
all
the cheapest
is
our usual
table,
—
the next election.
OROB8 BABNIK08 AND MII,BAOB IN FEBHUXBT.
Of course such a reform as is here suggested would be
There would still remain most imonly a beginning.
portant problems to
ourselves
for an
with the .thought that
assembly of
men
we
Nevertheless,
be met.
selected
it
are the
members
under suitably framed rules and with
due economy of time, to accomplish the legislation needed
No one
for even so large a country as the United States.
of (Congress, acting
need despair of the republic on that
certain that at present no serious
evolve rules which will
all
But it is also
making to
and we must
score.
effort
is
render this feasible,
admit that the present code of rules
is
not in the least
Bo8t. Hoos.Tan.A W.
Buffalo N. Y.& Phil..
Buff.Rocli. & Pittsb..
•Burl. Ceil. R«p. & No.
Canadian Pacific
Central Iow.a
Cliicago di Alton
Chic. & Eastern III...
Chic. Milw.& St. Paul
Chicago & North west
A
Ohio. Ht. P.Minn.
Chic. & West Mlcli....
Cln. Ind. St. L. ACh..
*Clu. N.O. ATex. Pac
•Alabama Gt. .South
•N. O.
Nortli East
•Vlcksb & Meriflian
•Vioksl). 8h.
Pao.
Cin. Wash.
Bait...
Cleve. Altron A Col. .
Col. Hock. V. A Tol..
&
adapted to the exigency.
A
RAILROAD HARNII^GS IN FEBRUARY, AND
FROM JANUARY
make
Railroad earnings
month
stance
of February, brt
is
diminished
TO
1
28.
a very good showing for the
the
by the
FEBRUARY
significance
fact that
of that circum-
they
made
a poor
showing a year ago. The better weather that prevailed
In fact,
is one of the main causes of the improvement.
speaking of the returns as a whole, the weather largely
determined
tlie
—
character of both the January and Febru-
made
A
Denv. A Kto Grande.
Deny. A RioGr. West.
•Des Moines A Ft. O..
Detroit Lans'g A No.
Evangv. A T. Haute.
PUnt A Pere Marq...
Ft. Worth A Deuv. C.
tOrand Trunk of Can.
Quir Col. A Santa Fe.
Ql.
Cent.
Do
Do
Uiv.)...
(So. Div.)...
(Cowa lines)
(III.
Ind. Bloom. A West..
Ind. Decatur A 8p
Kan C. Ft. S. A Gulf.
Kuh. C. 8p. A Mem.
LonK Island
Louisville A Nashv .
Louis. N. O. A Texas.
bad because
comparatively the condition in that respect was so much Harq. Hou^f h. A On
Mexican IJcntral
worse this year than last, and it now makes the February Milw.L. 8U. A West..
Milwaukee A North..
exhibit good because comparatively the condition was so Mobile AOhio
N. Y. CItJ- ANorth'n.
much better than a year ago. There was some little §N. Y. Out. A West'n.
Norfolk A Western...
obstruction from snow this year at the beginning of the Northern Paoitlo
Ohio .Southern
month, but it was not to be compared with the impedi- Peoria Oec.AEvansv.
Rich. A Danville
ments that existed in February, 1885, and moreover the
Char. Col. A Ana
Columbia A Gr'v...
difficulty was compassed within a very small range of
Vlridnla Midland...
West. No. Carolina.
mainly in Kansas and that vicinity.
territory
8t. Joseph AG(I. Isl..
ary returns
it
the January exhibit
.
.
—
But
after saying all that can
be said of the weather in
cover that
favoring
is
remains as
Bt.
influence
increase on the 66 roads
and others
besides, the
reporting reaching $1,230,243,
while a year ago on 69 roads reporting the loss was only
m.line.
ibrauohea).
Louis ASan Krau..
St. Paul A Duluth....
very heavy and large enough to
it
A.AT.H.
Do do
St.
quahfication of the present gain in earnings,
a fact that the gain
St.L.
PaulMlnu.AMau.
1886.
1885.
S
$
$
42.318
170,100
t
+ 19,475
+ 20,439
1.^5.108
4-:5,0Jv
22.813
149,661
73,044
131,062
400,577
101,444
85,99v!
+64,42,<
+ 15.452
,=.41.394
537,322
+4,072
128.405
109,25'/
9R.tJ2.i
1,564.001
1.003,800
335,000
92.144
200.574
137,10
65,992
33.336
30,971
29,724
144,623
34.286
156,954
423.81b
61,080
25.8S3
75,900
55,842
156,971
25,419
1,14J,823
111,535
478,333
380,917
121.000
198.256
31,998
1-
1,606
101,.W0
133.11!)
1,063,470
137,320
26,399
281,900
98,153
43,975
145,531
35,958
78.979
203,771
569,227
43,971-
61.845
3.50,400
8G,40<>
79.300
99.588
4l.vl2a
112.21>-
89,693
60.98
302,605
71.963
425.0U0
only of
+25.581
+ 24,046
+
19,153
1.345.496
1,479,303
+213,504
3*7.043
65.497
+78,.557
+ 26,647
172.544
130,199
65.861
44.162
+28.030
+6,606
25,911.
19.821
150,402
32,000
158,419
395.308
62,615
19,413
65,710
46.211
129.572
24,519
999,348
85.70P
455.867
412,848
102.143
166.290
29.401
211,486
153,520
137,536
1,033.308
98.443
22.648
1282,74"
72,179
39. i;.'
164.494
27,388
117,705
196.281
569.964
43,541
65.532
309.890
81.093
70.311
97.906
33.016
82.796
99.790
73.038
302.663
56.309
395.217
+ 123,997
+ 131
-10,776
+5,056
+9,903
1885
1886.
61
294
990
61
663
294
990
3,527
3,064
490
849
490
849
251
663|
251
4.932
3.948
1.339
413
4,804
3,843
1.307
413
342
336
295
198
142
342
336
295
196
142
170
-5.771-
281
+ 2,286
144;
324.
-1,465
i
170
281
144
324
+ 28.610
1.317
1,317
—1,535
+6,440
368
36a
+ 143.475
143
261
146
361
144
143
261
146
361
110
2.9 1(<
2,913
+55.827
+22,516
-81,931
625
953
152
389
ass
354
538
963
711
402
533
152
389
283
364
-19,839
+39.377
+3,751
2,015
3,065
455
160
455
160
—847
1,236
1,236
+ 25.974
533
235
528
480
235
828
54
373
803
+ 10,190
+ 9,631
+27,399
+ 1,000
+ 18,857
+ 29,966
+ 2.597
-49.879
—61,930
+533
+4.360
-18,963
+8,570
-38,726
+ 7.49U
—737
711
40V
.532
54
321
503
2,741
+ 438
128
+6,313
3541
1-40.510
774
363
291
+5.307
+ 8.98li|
+ l,'8i
+ 3,906
+29,4221
—10,007
-12,049'
•
—5S,
353
274
232
195
138
815
225
+i».06«;
+29,783' 1.471
Febmary In eaoh jr«ar.
Includes three week*
For four weeks ended February 27.
I Hexioan cnrrenoy.
5 Road south of Cornwall no longer Included.
*
Htleage.
Increase ot
Decrease.
surely possible
is
as
Qron Bamingi.
ITame of Rood.
can cheer
2,4a»
12a
254
77J
363
294
353
374
383
195
138
81S
S2S
1.471
—
..
.
THE CHEONICLE.
328
Name of roai.
JTexas
Si,
Texas
&
Paclfl.0
Sir.
Louis
Wab. 8t. LouU & PacTotal (66 roads)
Oregon B' way & Nav
.
Increase or
1886.
Decrease.
1885
1886.
1885.
432.773
107,031
394,07.*
+38,700
1,487
81,816
l.Oftl.SS-t
8<)S).245
98,250
93,632
+
+ 155,33a
+ -.',6lB
735
Wiitconsln Centra!
BECBIPra OF FLOUR AND GRAIN FOR FOUR WEEKS ENUKLI FEB. 27.
Mileage.
Groea Earnings.
•22.41=1
total
2,387
16,385,994 15.089.033
+ 1.296.9611
+ 66,718
companies that have fallen
The
heaviest
comes from the Northwest
precisely the roads that suffered most from the eflects of
lb© weather in the previous year. The Chic. & Northwes''
from any one
class
much more than recovered its loss of the previous year,
and the St. Paul & Omaha has an increase of $78,000
has
1885, while
a decrease of only $24,000 in
against
&
the
which was afiected by the 1885
weather only in having its customary heavy increase cut
do'wa, now has a gain of $218,504 in addition to that of
$28,432 a year ago, making its February earnings much the
largest on record. In amount of gain it leads all other roads
that is, north of
in our table. In the extreme Northwest
the traffic did not suffer much from the weather
St. Paul
Milwaukee
St.
Paul,
—
—
yet the earnings this year record
in 1885,
same.
It
was
in the States
gains
all
Oats,
(bush.)
Barley,
Rye,
(bush.)
(bush.)
4,688,863 2,943,622 '1,186,884
4,433,3161 2,265,064
881,960
6,888.185 4,55'.,517 2,254..322
9,160,138; 4,628,908 1, 562,602,
48.5,846
I,:
77,562
838.6'20
3,079,511
67,653
105,453
124,070
200.501
270.874
Since Jan.
fcince Jan.
1, *86.
47i".,015
1, '85,
802,920
349,0 '5
971,300
051,666
2,010,898
57.745
101,996
SS1.85S
820.740
2,531.438
2,940,645
97.:-89
503.8.54
H.6'22.823
410.079:
714,6171
171,0-23
203.79-J
274.i'35
43.85-2
109,970
116,824
215,140
221,250
94,9001
70,080
l.S5,«70
li0,«70
833.740
386,976
32,835
43,840
54,490
08,830
1,0J8.005
e77,093
Louis—
Since
.Ian. 1. '86
Jan. 1, '85
877,'i59l
191,709
1,780,525
5,502,324
685,^96
432,110
4 wks., Feb., 1886
4 wks., I''eb.. 1885
17,053
9,318
167,808
397,4.12
537,-290
307,943
709.077
628,819
23,241
7,740
Since Jan.
cince Jan.
20,184
1«,73S
45.907
22,712
81,252
40,539
172,149
84,009
39,937
47,860
52.870
61.050
Toledo—
6.743
2.058
17,808
2,987
1,
'86.
82.'iS8
1,
'85
17,418
o74.^31
1,170,459
14,889
8,365
25.746
16,453
353,863
288.588
083,360
776,632
054,3S8
320.961
703,899
85,478
59.847
1.5,142
117,893
]3,£84
13,118
150,700
103.000
26.73(1
29r.s(00,
324,900
172.900
113,300
87 233
26,211
181.000
126,000
803.960
229.000
29,900
1,000
5,300
18,325
8.010
22,275
21,500!
888,780
7S3.KaO
1,445 245
00,000
82,800
2.5,000
108,(100
1.169,355
180,000
56,000
40,500
90,490
4,653.143
3.634.272
3.9T8,3i4
2,078,090
1,896.507
254,1-21
1. '273,9^0
227,572
7.8ili,5'^8
3.936.403
2,^8,938
3,160.-238
2,418,3i:5
437,458
553,203
60.3:39
24,622
Dlroil—
4 wks., Feb., 1886
4 wks., Feb., 1885
Since Jan.
since Jan.
'86
1, '85
'.,
4 wks., Peb..l8S0
4 wks..
1885
e'eb.,
?*ince Jan.
Since Jan.
'88
1, '85
1,
9011.784
123,900
18,950
12.700
6-i,0iJ0
Peorln—
4 wk;-., Feb., 1886
4 wjis., Feb 18SS
,
Since Jan.
1, '86.
teince Jan. I, '85.
1.061,510
1,071.780
1.097.155
1,961,625
SO.i-90
42 600
62,890
nulutli—
I
4 wks.. Feb., 1886
4 wk,i., Feb., 18H5
Si' ce Jan. 1. '88.
183.675
33.3,591
6211.449]
l,3iil,974'
Since Jan. 1,'85.
Total nf all4 wks., Feb., IS86
4 wks., Feb., 188.:
849,083
519,572
4 wks., Feb., 1HH4
Since .(an. 1, '88.
f-"2. 1-^7
Since Jan.
iince Jan.
l,»78,25«i
1,109,00.1
4,0I4.49ii
'83.
l.-.'50.(i80
10.5 17.780!
1, '84.
1,177,516
1,
9,589,475
4,815,961
2,069,465
9,-i78,623
10.783.»83
14,191,054
lM..i33,ii7
59.2 N
7,480,746
7.
5,192,'27S! 20,307,009
1
168,168
the
Iowa, Michigan and Wis-
of
269,818
324,8U8
443.805
673,68S
4 wks., Keb., 188«
4 wk"., Feb.. 1885
This discloses a pretty general gain over the whole body
iacxease
(hush.)
4 wks., t eb., 1886
4wk8., Feb.. 1885
Since
behind a year ago being comparatively few.
Corn,
(bush.)
Milwaukee—
418
+ 1,230,213 49,389 43,299
of
Wheat,
Chicot—
16.012,394 11,852.151
236,88 i
303,600
of roadSj the exceptions
Flour,
(bbls.)
4wks., Feb., 1888
4 wks., Fe3..1885
Since .lati. 1, '86,
Since Jan. 1, '85
SI.
draud
[Vol. XLII,
From
Ohio Valley aad the
the
immediately
district
we had some very good returns a year ago, and
particularly marked a year ago, and hence the improve- some of the roads there consequently now have only small
ment this year on the roads in these States is equally gains, or else a loss. Among the trunk lines, the Grand
marked. All the lines leading oat of Chic ago, either west Trunk of Canada presents a pretty good statement, but
consia that the impediments to
railroad operations were
loutb, southwest, or northwest, share in the present gain ia
eaftiings, Just as
Wibash
Ikas
to
Even
a year ago most of them had losses.
(on the same basis of
a total $155,000
an increase of over
mileage in the two years)
heavier than in
1
1885, equivalent
Of course the better
6 per cent.
weather this year has permitted a freer movement of
MEeals and provisions and live stock, but
how
axa.& to see
it
may
surprise
small the gain in that particular has been
demonstrating that only in exceptional cases can
played any great part in swelling earnings.
this
have
Here are the
receipts at Chicago for three years.
1886.
1885.
1884.
7^8,125
5,777,818
2,472.063
142,771
723.843
4,(!B8,8»3
4.435,156
0«t<...busb
SJ,W3,e22
4«5,»1»
Since Jan.
1,271,112
Wbeat. buslj
Cora., bush
S&rler.boab.
1.186,884
2,310,809
122,273
880,630
Total graJD.
flour.. .bbls.
Fork... bbls
9,332.868
9,019,380
9,814.623
208,518
118,«98
18.218, 12(
380.005
3,796
9,398,163
it.ya....busb
886,476
7,022,58u
4,011,320
126,792
2,294,815
Catm'M.lbsl
3,299
15.387,131
I.ara....lb!.
«,807,920|
5.114,5(11
e,47D,.'ilO
UTehoKaNo
446,058
6,833
30.361,861
12,983,3^2
4S3,29l'
44l,03i
363,811
1,141,047
4,51t
1.
1885.
1881.
.^417,219
2,243,849
9,459,338
Il,b8.i.l06
4,761,882
4,818,822
219,939
403,237
2,141,088
1,495.810
l'J,9l!9,966
aO,S23,7i3
858,890
13,552
83.809.036
865,071
£2,241,000
11,054,993
14,130.311
1,211, 100
914,748
of
off
150,000 bbls.
As regards
1885,
cotton
the
and
this
movement was mucti
has been a beneSt to the
lines that report diminished earnings.
The best exhibits
come from the lines in Texas, and those on the Atlantic
Coast, the Richmond & Danville and the Norfolk &
Western being among the latter. On the other hand, the
running north and south to the Gulf have not fared
so well, and as a rule show more or less loss. The explanalines
tion of this decrease
is
afforded
lus to traffic
found in
by the
the absence of the stimu-
New
Orleans Exposition a
7,593
Of
year ago.
new
course, the Louisville
movement
&
Texas
its
earnings
a
summary
is
for three years.
EBOEIPTS OF OOTTON AT SOUTHERN POETa fc FEBRCARV, AND
JANUARY
1
TO FEURUABT
28, 1836,
Since Jamtary
?•• Feiruarii
FROM
1885 AND 1884.
1.
Ports.
In provisions the change
Galveston
receipts of
Mobile
Florida
movement compares even less favorably
with 1885 than at Chicago, as witness
the following table
of the receipts of flour
and grain at all the principal Western points. Note particulatly
the movement at St.
Orleans
line,
of the cotton
more decided, and lard and cutmeats show considerably enlarged receipts, though on the
other hand the
pork were smaller. In live hogs there was a
gain of about 42,000.
At some of the other Western
New
would naturally add to
under the development of its traffic. Below
being a
flour
is
ports the grain
the South
roads concerned, but there are nevertheless a few Southern
barley has increased, but the total receipts of
all kinds
«f grain, it will be seen, is only 300,000
bushelg
greater
than in 1885, and the receipts
fallen
figures a year ago.
1.
The wheat movement has declined because of the
amaller crop, and the movement of corn and
oats and
hare
& Terre Haute and the Cincinnati
Washington & Baltimore both have losses. The latter
had a very heavy gain a year ago, however. The Indiana
Bloomington & Western and the Gin. Ind, St. Louis &
Chic, both have excellent exhibits.
West of St. Louis,
the St, Louis & San Francisco has only a nominal decrease,
but the Fort Scott roads sustain a heavy reduction, chiefly,
however, because on them we are comparing with large
the St. Louis Alton
greater than in
HKCKIPTS AT CHICAGO DCEING FEUBUABY AND SINCE JAN.
February.
adjoining
Indlanola,
bales
1880.
1885.
1884.
40,520
21,489
168,772
22,978
6,447
62,872
107,435
30,089
210
130,119
18,503
6,108
8S,6Sl
&c
503
NewOrieaaB
Savannah
Brunswick. &0..
Cbarleston
Fort Boyal, &0
Wilmington
Morehead Clt7.
Norfolk
West Point, &c
Hi...
1885.
95,167
54,479j
373.270
00,019
910
1,021
27,150
301
610
112,729
2.882
87.327
23,978
30,876
61.144
1.096
91«
636
2,312
5,140
168
1,338
3,H8C
12,518
1,14S
49,770
23,884
38,9.-1
1.116
98,701
19,212
8,908
20,72
43,392
291.060
43,438
17,409
7»,84»
1,067
86,786
1,789
8,765
1,551
78,883
27,765
J9,S,S21
ii«>.42e
312,56
873,3,ld
063,6011
14,0:13
4,487
m
Louis.
Total
1888.
13,0-5
1884.
81,377
596
303,894
38,-243
10,670
81,188
1,102
62,681
2,151
10,623
1,711
106,773
41.04a
741.834
.
. ..
March
As
.
regards the statement of earnings for the two months
we have above enumerated
23,
OROm
month
first
right
It is satisfactory to
second month have so
as
side
below
the
ot
a year
Following
to
far
Cannilian Pncldo
Of the roads
number
large
Rixtd.
Odiir
Riip.
I
1886.
33^.!>^.S
"I,.-, (9
.N.
,V:
'
'i»jru illiitolN.
Cliu'.iso.MilH-. ASl.P.i,iil;
KortawpM
I72,'.i3s:
I
&
•Virkslmr;.'
8)1.
'ai'.isa
S.UOll.OOU
2,862,893
2,992.483
63S,4ao
140,425
375.988
146.107
10.019
21,571
327.3^.'>
828,721
«00,64i)
28,072
127.6(54
129.656!
Meridian
<fe
289,l-4.-S
«6,'i2t
'
Hock. Vul. & T()l...[
Denver A Rio Grande.
Denver * Rio Gr. West.
•Des Moille^i J( Ft.DoUifcl
.
.
i
I
Detroit Lansing
No.
it
4,i,M7
14'i,727
..
BvanBV. AT. Hante
Flint \- Pere Marquette.
Ft. Worth & Denv. (Mty,
107,019
309,011
Ifirund Tr. of Oaiia<la...
2,154,4601
2y3,72-i
931,0991
673.901,
209.300'
& Santa
Fe...
Div.)
(South. Diy.)
(III.
(Iowa Div.)..
Indiana. Bloom. & West
Indtanap. Dec.& Spring.
Kan. Citv Ft. 8. & Gulf..
Kan. City Sp. & Mem...
375.018
67. "97
325.010
136,336,
I.slaud
291,1.52
* Nashville..
Louisville N. O. A Tox..
M»rq. Hou;,'hton iOnt..
Louisvine
2,113,491
297.!>68
47,918
593.800
192,76s
84,018
312,33«
73.370
161,935
422.678
Mexican Central
Mihv. L.Sliore & Wesfn.
Milwaukee h Northern
Mobile &OUio
& No....
& West'a.
City
N. Y. Ontario
Norfolk it Western
Northern Paolbe
Ohio Southern
Peoria Dec. Jt Bvansv.
1.019,557
88,769
H5,80s
Blonmond A Danville..
Char. Col. & Augusta
628.92
1 49,908
133,014
191,632
76,111
A
Col.
Greenville
yir/finia Midland
West. Nor. Carolina..
8t. Joseph & Grand Is..
8C.L.A.&T.H. main line
Do do (branches).
16i.!h;o
178,949
120,029
585.212
&
&
8t. rjontfl
3. Fraiicisoo
St. Paul
Dill nth
St. Paul Minn.
. .
Texas
Texas
&
A
Wabash
136,71.'5!
& Man
834,176
861.773
Pacillo
St. Louis
8t. L.
Pao.
A
210.42H:
1,863,%30:
.
Wisconsin Central
186.911
Total (66 roads)
Orsgon Railway
Grand
total
A
Nav.
60,576
86,367
35,553
9.115
4.324
31,121.215
505,473
5,935
16,041
3,133
2.06>f
1,992
623
9,38.5
Not...
88,.54r
CJross
«f,'i84
178,00,1
964,474
820,19s
205,746
336,062
59,888
432.094
303,574
287,972
2,254.057
197,740
38,319
33.375
146,297
3.554
33,956
8,109
107.084
117,238
Gross.
Not...
Gross.
A Ohio
Nash. (Jhat
A
N.
A
Y. L. E.
Net...
St. L.. Gross.
Net...i
A
56,536
1 •<4,386
73,889
1,315,443
!70.t«8
(all lines east!
Erie
3,421.536 3,277, "221
951,541! 990,574
218.830, 222,01'
Not -67,137!
81,333
Phlla. A Reading
.Gross. 2,055. 584il,846,«66l
Net...
7.55,486
603,100
P. AE. Coal A Iron .(ir las.
»14 36ll 844,789'
Net... dfl49,400'df.60.845
Rome Wat. & Og.... Gross. 123,746 114,39
Net...'
36,662|
33,253
Union Pacific
Gross. il,42-i,029: 1,674,04 Ij
Nct...i 157,276
486,392
West Jersey
Gross.,
68,4a4
70,121
A Erie
.
.
.Gross
Not...
..Gross.
Net...'
53,833
17.054
39.123
2,853
73,939
119
19.1281
1885.
Atoh. Top.
xofio'^
December.
Name op Roap.
46.380
4,901
1884.
S
AS. Fe.
I
S
'!
S
Gross. 1,253,374 1,235,082! 15,571,393 16,291,883
Net...
672,684' 525,873'' 7,715.623 7,737,284
ISonora
Gross.
23,573
19,018
295,109,
220,.556
Net ..
2,803,
52,622, rtcf. 30.968
Chosap. AOhio
Gross.
314,195! 308,912
3,361,235: 3,538,606
Net.
110,235
104,272
987;073, 1.075.885
Eliz. Lex. AB. 8 ..Gross.
57,732
65, .581
706,467'
762.627
Net...
22.066I
20,610
1:53,400!
2.5S,«*>2
Chesap. O. AS.W..Gross.
147,586
133,278
1,571,155 1.374,645
Net...!
46,142:
.-)02,.530
38,134
339.951
„
Kentucky Central-Gross.,
60,0l9i
6d,7;)0
847,070
922.107
Net ..'
19.318
13,130
272,412
318.485
Clev.Col.Cln.AInd.Gross.! 315,688! 32.5,125 3.669.439 3,»1 1,742
Net...i
116.011, 112,319
»75,87S 1,054,994
Clevel'd A Canton.. Gross!
22,711i:
26.48?!
.
'""999
6.616
11,679
9.610
12,277
9,230|
"iieoi
18,108
11,271
33,a84
1.478
23.166
,
^
„
Mexican
,
'
Net
61,911
83.734
8,380
1,1.50,261
..I
National. ..Gross.
I
Net...
I
Oregon Imp. Co
^
12.i,700
31,004,445 1,267,031
428.574
76,899
31,852i def.21,tl9j
201, sSt
ltI6,80.")t
I
FeaosTlvauia
7,879
1.123,5461
83,650|
116,8071
11.5. lt.7;
141,366
31,352 df21,<,91
16«,8 5l 2OI.081
42,3,55
56,-36
185,519 184,9S!i
72,752,
78,839
;
140,566
146,388
79.112
366,175
56,210
201,058
425.536
2 ',.595
19,394
rtof. «4l
W.... Gross. 1,531,61)411,315,44:1
Net...
302.308 170.638
N. Y. A New Eng... .Gross., 26H,265; 230,4 iO
84,9.*^'
Net...!
49,792
Norfolk* Western.. Gross
21H.907I 229,253
77.667' 102,461
Not ..
Northern Central. ..Gross
400.123 401,216
Net...
144.289, 167,732
Northern Paclflo... .Gross
480,330 553,582'
Not..
30,'>52| 113,008
Ohio A Mississippi ..Gross.
274,180 300,300
Net...
60,850
73,909
99,828
9,599
,
Net
..!
Oregon Short Line .Gross.
Net ..
Southern Paeifie Co.—
Galv. Har. A S. A. Gross.
Net...
Net...
1,130,261
To February 27.
In the matter of net earnings, the character of the
returns for January is quite varied, though on the whole
t
the tendency seems to be
towards improved totals. The
the Burlington & Quincy and the Northern
AT. Gross.
Not...
A New Orl.. Gross.
Morgan's La.
Texas
6,402j
2,979il
'
'
I
CJross.i
Louisiana Weefn.. Gross.
*.
Tacific,
.
A Ga.
3,130
601. 67 «
635.543
161.587
142,654
203,909
66,381
169.562
197,0j7
131,300
618.596
133,188
857,34
736.073
148,515
1,952,564
195,291
Mobile
Phlladclp'a
35.619
2.932
41,491
115,723
31,626,688i 31,433,019 1,343,9311
Hetlncrea.se
'.....'....} 'l93l669
'""Inles three weeks only of February In each year,
Union
Grojs.
of Pfttsb.
9,063
97,6341
27a,122i
47,2371
2,112,969
105,995
78,393
404.9O3
I
10..5O8
44,621
139.659
i02,.ii.'2
I
Denver A Rio Or
Memphis A Chnrl
8.1.522
332,146
170,652
102,023
68,2V0
50,360
305, 1S6
63,791
3i5,257
ye.ois
78,219
71,931
Col.
New YorK
Not
Not.
.Gross.
324,032;
Net...
103,944
Loiitsv. * Nashv.... Gross. 1,0«0."211 1,170,741)
Not...
371,843' 4Bfl,980
Loulsv. N. O. A Tex. Gross
159,748'
99.207
Net.
36.276'
9,3ii.'i
$
ii'Aiio
236,2-(6
ieu.i4ii
Pao.l
rill. iVasli. i Ballimoi'ci
C'li'vo. .\kron .fe Ool
Long
A Q..Oi-.'
Not...
A C. Gross
Denver A Rio G. W.
E. Tenn. Va.
137.659
9,635
1,184.157
S36,97u
Soiitli'ii'
*\'li'k.'<1iiiii!
Do
fit. I-.
Dos Holhes A Ft.D. Oroas.
Dtenate.
3.>4,7'il
:Jti0.7l,I
OiUiaiKS .t No. K.
Do
ChlcBgo. Burl.
CiD. Ind.
25,609
35.971
43,011
l<il,328
1S1.173'
72.>,a«2,
lTr>,978
3S,=i.I03
L. AOUio..
•Cln,.Vi-nOii.>SsTc.x Pa.\,
Ctii. liul. 8«.
Ui. Central
run
29.
Inertcue.
55,065
303,912
824,341
2,931,907
...
CUle.8i;.r..Miiiu.&OmiiHn
rhlouuo A WVst.Woli....'
•Alalmma Gt.
1885.
:;.; '.'iTi
!". '.'lOUl
I
Gulf Col.
TO PRTlRBAnT
T,0<>s,<iJ.5
'
•New
still
the South.
%
H0,674
.
Oliloai;o it
1
$
ractllo
^a.
\lron
'
Ni"
that
in
Net..
Gro
Not...
Boston rToo.'<ao T. Jk W.
BnlfaloN. Y. A Plill
..
Bullalo Uoeb. & Pitts.
(
is
101,001
38,0iU
109,813
21.7«7
.
the
a
datk*.
/ttnuarg,
A Potom .Gross
Net..
A Plato. Gross
leave a balance, though small, on
the table.
is
Nanu of
Culi:i.Ii:iii
Baltlnion
Bnfr. N. Y.
OROSS II\R!nN(M FROM .TAHtJART
•Biiii.
note that the gains
the
accouot.
i.atkiit
1886.
offset the losses of
ago,
mtT CAiimrAR to
AITD
Namb of Road,
work during February, and ia our previous
review those for January, and beyond that there is nothing special to say.
829
the influ-
ences at
in the
.
I
THE CHEONICLE.
18, 1866.]
ended February
.
.
1
1,321,627' 1,363,178
20'i,892:
147,7<»
211,094
32,245
155,405
29,394
228.192
43,69«
333,674
167,654
78,64n
53,006
28,3,152'
48J.909!
472,937'! 4,205,451' 3,620,008
104,616 1,550,201| 1,163.130
257.921
125,38ii
2,866,060, 3.370,782
'
9:1,4-3
1
16,379
618,517
1,833,190
517,9571
126,614
60,992
32,789,
825.050
],059,I»9
.
288 640
S,?.30,64I 2,901.591
1, .545.396'
922,830
6-7,317,'
485,701*
34:i,445;
216,-547
!
95,753, 1,017,618
S; 2.140
:155.519
Net...
78,363
61,970
487,201!
Atlantic system... Gross. I,044,:i02
912,834 9J.83,737 7,888,443
Net...
563,274 406,010'| 3,950,H64 2,658,033
Paciflo system
Gross. 1,610,834 1,786.4«6|
'....'....
Net .. 863.544 792.088
12,6.5.5,1 36 2.690.331'!
Net ... [1.4 26.8 18 1.198.0:' 9,i
Including 08 per cent or curniutrs ami entire working exitensos
the New York Pennsylvania A Ohio Railroad.
Mexican currency.
Tot.bothsystem8.Gross.
"
-
m
1
have suffered a heavy reduction by reason of the
bad weather that prevailed in that month, and the LouisFall River and its Industries,— G, M. HoflFards & Oo.,
ville k Nashville and one or two other Southern roads
stock brokers at Fall River, have issued a very useful little
have likewise fallen behind, but on the other hand we book full of general information, relating to Fall River and its
Pacific
also have quite
results.
number
a
Among
of roads with improved
net
these
latter are a good many minor
some prominent companies like the Erie
and the Philadelphia & Reading. The Pennsylvania reports
roads, as well as
a slight diminution in the
entirely the
result
of
net for the month, but
heavier expenses,
it
is
occasioned no
doubt by the increased outlays incident to the removal of
snow and ice. Complete returns for all the roads that
report net earnings are herewith subjoined.
As that city is the largest cotton-manufactnrin^
centre of America, information with regard to it, past antf
present, has a special interest. It now has
cotton mills with
1.742,884 spindles, turning out 480,850,000 yards of cloth per
annum. Most of our readers are aware that its remarkable
water power and tine harbor have been the most elTectual
agencies in the industrial development of that thriving city.
The stream is a small one largely fed by springs, the whole
water-shed not being over 20,000 acres, so that the supply of
water is quite uniform and constant. The river has a tall of
129 feet in less than a half a mile. The population of Fall
River in 186,j was 17,.'525, in 187.') it was 45,160, in 1885 it was
industries.
."5.5
56,863.
-
.
THE CHRONICLE.
830
RATES OF EXCHANUE AT LONDON AND ON LONDON
AT LATEST DATES.
MXaBASeE AT LONVON-Feb. 25.
EXOBAlfeS ON LONDON.
Lateti
On-
BaU.
Time.
Ameterdam. Smog.
12-23e •12-2'8
®12-2
®20-56
2053 »20'56
20-53 ®20-56
12-77 ia»12-80
12-77 i2al2-80
Amsterdani. Short. 121
3mos. 20-53
Hamburg..
Berlin
Frailkf ort. .
<«
i<
Vienna
«*
Xrieste
Antwerp
:
25-3614 ai25-10
14
. •
ti
St. Fetersb's
Time.
Bate.
25 Short.
12-06
Feb! "25 Short.
Feb. 25
Feb. 25
Feb. 25
Feb. 25
Feb. 25
20-43
20-43
20-43
DaU.
Feb.
Feb 24 3 moB.
2338a23'4
®25-22>s Feb. 25 snort.
©25-40
....
®25-55
Feb. 26 Smos.
455ia45ia
....
453ta45>a
....
52118*52
25-15
Smos. 25-35
(.
25-50
Sliort.
Paris
Paris
Madrid
It
Oadlz
Lisbon
Alexandria
It
«
Bombay
*'
Dem'd
Is. eigd.
Is. 8i8d.
New York...
HonK Kong,
filiaiijf hai.
i'e'-io
....
*•
Cons tan t'ple
2311,6
25-17
....
Feb.
Feb.
Feb.
Feb.
Feb.
Feb.
26 Smos.
26 rel. t'rs
*•
26
26 80 days
26 4mos.
26
11100
Is. 6d.
Is. 6d.
4-87>«
38. 4ii«d
48. 7i«d.
fFrom onr own correspondent.]
London, Saturday, February 27, 1886.
The past week haa developed no new feature either commercially or financially. In all the leading centres of manu
facture the same absence of animation has prevailed, and the
Possibly the prooutlook still remains dull and gloomy.
longed severe winter gives a fictitious heaviness to the prospect,
evidence available just now to
show that trade is in anything but a satisfactory condition.
An examination of the London Bankers' Clearing House
returns and the traffic statements of the different railways
discloses results which only too truly tell a tale of disappoint-
but there
is
ment and
ample
statistical
loss.
Looking first at the Clearing House returns we find that the
aggregate amount of bills and checks which passed through
from the commencement of the year up to the 24th of February
was £872,635,000, against £891,261,000 for the corresponding
period of 1885.
This shows a deficiency of £18,626,000, or
about 2-3 per cent. Considering the magnitude of the totals,
this at first glance may seem to be an insignificant contraction; but when the figures come to be analyzed there is
less reason for congratulation. Had it not been for the revival
in Stock Exchange speculation, the decline would have been
much more severe. During the three Stock Exchange settlements the sums passed through were £135,066,000 against
£115,926,000 in the corresponding period. Here we have an
increase of £19,140,000 or 14-2jper cent. It was at first thought
that this revival in Stock l?xt*iange business was only the
precursor of a better state of affairs generally, but the anticipated amelioration has not so far set in. Speculation in pro.
duce has not revived with speculation in stocks; in fact, specu-
Mincing Lane and Mark Lane and in metals seems for
the moment all but extinct. On the consol. pay days the
amounts given were £39,327,000, against £41,597,000 last year
being a decrease of £2,370,000, or 5-4 per cent. But to get at
the real commercial value of these statistics it is necessary to
examine the returns for the "fourths "of the month, and
here we find the weak points more distinctly pronounced.
The totals for the " fourths " of January and February aggregated £35,387,000, against £44,863,000 last year, being a defilation in
ciency of £8,976,000, or 20-2 per cent. Clearly, therefore, we
cannot derive much commercial comfort from these returns;
indeed, they are only saved from being more gloomy by
the
extension of Stock Exchange business, and that influence
waa
mainly of foreign origin. The railway traffic statements
reproduce much the same disappointing features, confirming
the evidence of the contraction of operations.
The
abundance of capital offering, and no check to a trade revival
from monetary stringency need be apprehended. Politics also
are becoming less disturbing. Ominous menaces are still occasionally heard from Eastern Europe, but that they will culminate in aggressive action is not expected. Thus everything
is ready for conducting a much more extended volume of
business, but we are still in nuhibus as to when a commencement is to be made. Production more than keeps pace with
consumption, and while such is the case there will naturally
be considerable caution in arranging business.
The money market has shown more steadiness, and there has
been greater activity, due, however, in a great measure to the
Stock Exchange settlement.
The discount establishments
have, as stated, raised their rates of allowance on deposits 3^
per cent, and are now giving 1 per cent for money at call and
IJ^ per cent if with notice. The rate for day to day loans has
advanced to 1J^@2 per cent. The Bank of England weekly
return contains only the changes usual to this time of the
year, but a further accession of steadiness must be noticed.
The reserve has gained £395,728, and the proportion to liabilities has risen from 48-53 to 49-24 per cent.
The gain in bullion
is £288,373.
The transference of balance from the open market to the Bank, caused by the action of the revenue collections, is in progress.
Public deposits have thereby been
increased £1,423,151, while the total of private deposits has
declined to the extent of £1,017,404. The reserve now standi
at £15,800,000, and the stock of bullion is but little short of
£28,000,000.
A new Brazilian 5 per cent loan,
£6,000,000, will be introduced
&
This is a pwt of 10,000,000 national
price of 88;^ per cent.
dollars authorized by law Nov. 14, 1884, and of which f 2,500,000
(£496,000) has been already issued.
The
money have been
rates for
Open market
Jntereet oUotoed
for depoeite by
ratee.
Joint
Four
Ftmr
Six
Three
Six
Slock
UonUu Montlu Months MonthtlMotlthi Montht Banks
Jan. 21 8
"
28 3
Feb. E 9
"
12 S
••
19 2
"
261 2
Ditc't
Wee
At 7
ton
Call.
ma—
2M3 - 2M«3 25iiaSM
IMOl^ IJiaS 2Kl825<2Xa3
IK® - 1M« - 1J<« -;2>4a2«:2)4a3 2^as^
1W®1« i«ai« irm -:a a8« 2Ma3 2}^a3
i5(®i?< i«9i« i«a2Mi2)4a2><
iMa 1?<8 - l^a2 l2 @!iH'2H®!iH
Day.
ij<-m
i«-lM
IM-IM
IH
1«
1«
IX-1J4
1
1
-I
1
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, the
price of middling upland cotton and wheat, and the Bankers'
Clearing House return compared with the three previous
years:
1883.
1884.
1886.
1885.
a
OlroulatlOD.exoludlng
a
A
7-day Mother bUls.. 23,441.560 23,418,840 24,180,600
Pnbllo deposits
7,690,169 10,783,706 11,243,655
23,170.259 24,404,754 23,028,465
Other deposits
Govemm'tBecuritles. 13,769,685 14,051,801 13,453,083
£
24,835,615
9,697,166
22,812,629
12,333,372
24,812,634 24,563,319
14,065,313 14,056,952
Other seourltles
19,952,744 22,749,458
Res'veofnotes&ooin 15,300,110 16,549,403
Coin and: bullion
both departments.. 22,991,670 24,218,333 22,495,913
m
23,142,567
E»roport'n of reserve
49-24 p. o.
2 p. o.
toliabUlties
Bankrate
43 P.O.
40''8 p. 0.
31a p. 0.
46'8p. o.
4 p. o.
99d.
Consols
1016i,d.
29a. 4d.
Eng. wheat, av. price
Mid. Upland cotton..
4>ad.
S^sd.
No. 40 mule twist....
Olear'K-Houseret'n . 96,603,000
3 P.O.
102it
10113)6d.
36s. lid.
32s. 4d.
5%d.
41s. 9d.
Sd.
sagd.
938d.
9%d.
9-'9d.
97,338,000 137,856,000
97,125,000
The Bank rate of discount and open market rates at the
now and for the previous three week*
chief Continental cities
have been as follows:
Feb. 18.
Feb. 25.
Feb. 4.
Feb. 11.
Bateeoj
tntmetat
Bonk
Bate.
p^riM
Berlin
&nurterdam
Hi
Financially the position has not varied.
The discount
eetablishments have slightly advanced
their rates of allowance
-a not uncommon procedure just at this season,
when the
Bank of England is obtaining the
command over the outside
market through the revenue collections
but there is
Madrid
8
4
Hamburg
4
Petenborg..
Copenbaeen....
St.
6
4
Messrs. Pixley
an bullion market
Open
Market
3
3
3
3
fTankfort
still
:
Three
chief Scotch lines the receipts for the three
weeks have been
4842,825, showing a deficiency of £10,871, or 8
per cent from
last year.
;
as follows
London
on the 19 principal raUways of the United Kingdom
which make up their accounts to the close of the
year
amounted up to Feb. 20 to £7,349,820, showing a loss of
£138,158,
or 1-8 per cent from the corresponding period.
On the three
said to be for £5,000,000 to
by Messrs. Rothschild next week.
Messrs. Morton, Rose
Co. notify that they are prepared to
receive subscriptions for £744,000 5 per cent sterling mortgage
debentures of the Western Railway of Buenos Ayres, at the
totai
receipts
[Vol. XLII.
Bank Open Bonk Open Bank
BaU. Market BaU. Market. BaU.
s
3
SW
SH
3«
S^i
i«
IM
IM
3>«
SM
~2)r
m
m
S
3K
3H
OPM
irorket
9*
IM
s
8)4
i«
2M
154
Si«
2
2«
8
SH
Ilk
3
2«
3
4
3
«
4
4
a
4
4
4
6
4
3
4
8X
4
3
6
8
e
4
4M
4«
4«
4«
4«
& Abell
3«
4
write as follows on the state of the
:
1
iURCB
:
:
.
.
THE CHRONICLE.
18, 1866,
Oolrt.-ThdrobiMibeen tt (tnoil domniiil for bur sold to Holland acd
Franca, and aliio to a limited (>xt«nt for 8hlpm«int to India: tbr Rank
th<Ti>forfl only rBoelved ulnoo our la»t *72,OO0, Ini'linllnn 'iO.OOO
gov«rciifn» from Now /.ottlaiid. Tlin aaloa amount to *.!4'.l,o<)0. piin-
biu
Tlie
nally KriMioli twin for Paris.
am: Prom
arrlvalB
I'lilef
Anstriilla.
£1.000: froui Nnw York. «14ri,0()0; fMiii
Xew Z-aland, JiM.OOl): total. £'J:)1»,()()0.
Tlip "HovpIIuV lakua £50,000 to Kivor Plate; P. A O. Btoamorit Hike
*30,00ii to India.
ailvor fell away from our last week's quotation of 46T(id., owing to tbe
reoclpt of lower exfhanttps from Indtn, and 48»8'lwa» all that ociuld lie
obtalneil for tho arrival per Pacllle and West India gteamerd; tlie iirlce
bag sinee Iniprovoil Kraduiilly. and liiislnoss wa.s done yesterday at tO',d..
but tbo excliaii|io.s have aealn (t'vcn way this afternoon, and the above
price Is purely nominal. The India Council have ineroasml the nmiiunt
for tender next week to .SO lakhs. Tbe Bank of Bombay hii.s raised Its
rateof (iiseoiint to (5 per oent. We have rooelved £18,000 from River
Plate,£3n,000 from Ohill. £4'2.000 New York. £19,000 from West Indies,
£5,000 from the East; total, £114,000. The P. A O. ate.tmer8 haye
taken j!'.>02.(ino to tho Kas'.
Mejt lean Dollars, from VeraCru/. and from tho West Indies, amountlnn
to £33,000, were sold during the week at 45^d.. and this remains tho
nominal quotation. The P. & O. steamer takes £39,000 to China and the
j«15.0()0: finiii Klvi-r I'latp.
Worn Inillps, £i4.<)0(>: from
fltralts.
The quotstionB
.
jr<m.
I
4611,. 401
1011,, 1011
Canadian Paolflc
Ohio. Mil. ABt. Panl.
common
ion,,
82'5«
11
12fl'«
4%
llfg
66 >«
94Tt
29 >a
145
56 >H
9T»
Wid.
46%
48%
fhitn.
IH.
46%
46%
ion,. 100li|« 101
101 'fl
lot
101
92-221* 8202 « 8205
I14'»
lU^t
129 >s 1291) 129 >s
67 T»
67 1«
67
101
101
81-86
IWh
129 •!
91%
28%
94>|
29
stook.
nilnola Central
Peonsylvanla
Philadelphia A Reading 14^8
109
«ew YoA Central
Krie,
IS
lOlM
82-20
Aim.
145^
144T«
58>8
S6U
1S>4
108 «
15M
108 T;
114^
129%
94 >t
38 >4
94%
144%
144%
38 Or
S6
U's
108
56 >•
67'
94
28
148
56
15
108%
iM?L
(jjHommet^cial Kn& W^iscellnneaus Mtvos
National Banks.
—The following national banks have lately
been organized:
Edward Kyan.
SILVBR.
Feb. 18.
Ltntlon.
SllTer.peroi
4.
Oonsola for mone7
Oonsola for aoooant
Pr'oh rentes (In Paris) fr
U. H. 4>*aof 1891....
O. 8. 4s of 1907
3,456—Tbe First National Bank of Kansas City, Ho. Capital, $260,000.
James L, Lombard, President; Charles II. V. Lewis. Cashier.
3,457— The First National Bank of Calumet. MIeb. Capital, 6100,000.
for bullion are reported as follows:
GOLD.
LuHon Standard. Ptb.m.
331
LonOon StanOard.
A».
At. M.
25.
President; William B. Anderson. Cashier.
First National Bank of Eugene {;ity. Oregon.
Capital,
$50,000. T. G. Hondncks, President 8. 1). Eakin. Jr., Cashier
3,459— The Farmers' National Hank of Watanntown, Pa. Capital, $50,000. HImpsou Smith, President: Hiram Ounkel, Cashier.
3,460— The First National Bank of Pomeroy, Wasbln^n Ter. Capital,
$50,000. David P. Thompson, President; Sidney O. CrandalV
Cashier.
3.461— The Fidelity National Bank of anolnnatl. O. Capital. $1,000,000.
Edward L. Harper, Vice-President: Amml Baldwia,
Cashier.
3,462- -The First National Bank of St. Anirustlne. Florida. Capital,
$50,000. John T. Dismukes. Pres. Geo. W. Oihhs. Cashier.
3,463— The First National Bank of PittshurK, Kan. Capital, $50,000.
T. Judaon Hale, President Charles P. Hale, Cashier.
3,464—Tbo First National Bank of Lincoln, Kan. Capital, $50,000.
.T. T. Smith, President; E. W, MoJunkin, C-whler.
3,465-The Spring Valley National Bank, Spring Valley, 111. Capital,
$50,000. Charles J, Devlin, Pres. Michael Barton. Cashier.
3,466— Tbe First National Bank of Sulphur Springs. Texas. Capital,
$50,000. J. L. Whitworth, Pres.; Phil. H. Foscuo, Cashier.
3,467— Tbe First National Bank of Saint John, Kan. Capital. $50,000,
8,458— The
;
d.
I.
Bar
ffold, fine.
.
ot.
T7
«.
9
77
d.
d.
Barsllrer
9
Bu (Old. oonUln'K
Hdwtj.
os.
d.
4«7<i
Bar sIlTeriOontain-
illTer.os.
77 10«
77 10«
Spam, donbloons.os.
BJLm.aoabloon8.oi.
47«
lnKSKrs.gold..oi. 47M
oi. BO 9-16
Cake illTer
Mexloan doU...oi. 45«
The continued wintry weather, reduced
B0 9-1S
shipment!), growing
contraction of supplies on passage and a firmer New Yorlr
market, have not been without influence upon the wheat trade
here, but it cannot be maintained that the effect has been at
,
Full rates have been required and
all of a decided character.
obtained for wheat, but aU endeavors to advance prices have
met with only a small modicum of success. Foreign qualities
have occasionally realized 6d. to 9d. per qr. more money, but
aa a rule transactions in home-grown produce have been carried
through on tbe basis of the extreme prices of last week
although an occasional advance of Is. per qr. was obtained.
be seen that the difficulty in raising values from
their depressed position remains as great as ever. For the past
It will thus
two home
deliveries have been increasing, and possinot been for this fact the trade would have developed more strength than it has done. Holders, however, have
apparently been compelled to realize in some instances, the
result being that the average price obtained for the 73,556 qrs.
Of home-grown gram disposed of in the leading markets during the week ended Feb. 80 was only 29. 4s. per qr. a still
lower figure than any yet recorded.
The following return shows the extent of the imports of
oereal produce into the United Kingdom during the first
twenty-five weeks of the season, the sales of home-grown
produce, the average prices reached, and other items, compared with last season
mPOBTS.
week
or
bly had
;
William B. Thompson. Pres. Koyal W. Thompson, Caxhier.
8,324—The title of the National Bank of Winona, Ulnn., has been
changed to the First National Bank of Winona, to take effect
February 25, 1886.
;
Coinage by United States Mints.— The following statement, kindly furnished us by the Director of the Mint, shows
the coinage at the Mints of the United States during the month
of February and for the two months of 1888
:
it
—
1885-6
owt. 24,993,952
6,918.835
5,157.129
Wheat
Barley
Gate
Peas
Beans
Indian
;
:
1884-5.
23,610,461
8,956.398
5.371,466
:,013,88O
1,838,013
10,123,841
7,870.787
995,135
1,660,242
13,123,009
6,879.822
oom
Flour
1883-4.
1882-3.
28,272,409
9.966.941
6,318,135
925,209
1,330,888
13,776,019
7,643,766
33.133.960
9,887,021
7,495,553
1,142.841
1,253,407
7,660,711
8,493,385
Supplies available for consumption in twenty-five weeks
(exclusive of stocks on September 1)
1885-86.
1882-83.
1884 85.
1883-84.
Imports of wheat, owt.24,993.952 23.610,461 28,272.409 33,133.960
Imports of floor
6,879,822
7,870,787
8,493,385
7.643.766
Bales of home-grown. .22,129,678 23.868,327 22,670,209 22,151,532
Total.
54,003.452
55,349,575 58,586,384 63,778.877
quantities of wheat, barley and
oats disposed of in the leading markets of England and Wales
during the first twenty-five weeks of the season, together
with the average prices realized, compared with last season
The following shows the
1885-86.
Sate*.
1883-84.
1834-85.
Av'ge
Price
SoUm.
Av'ge
Pnee
SaUt.
Av'gt
Frfet
Month of
I.
d.
$.
1,542,810 30 6 1,664,023 32
2.468,245 29 11 2,850,017 31
256.372 18 9 272,193 19
BM-ley
Oats
d.
$.
6 1,580,494 39
1885-86.
owt. 22.129.678
The following shows the quantities
maize afloat to the United Kingdom:
At present.
Lattweek.
qrs.
1,785,000
noar,equal to qrs
*•*•»
qrs.
1,751,000
203,000
181,000
240,000
Wheat
1884-85.
23,868,327
7
1883-84.
22,670.209
of wheat, flour
Lcut year.
2,584,000
225.000
300.000
Two Months of 1888.
$
9
75
62
25
479,510
2.949,637
1,069,870
6,488,287
2,600,000
2,600,000
5,200,000
5,200,000
608,700
60,870
2,600,000
2,600,000
5,808,700
5,260,870
3,079,510
5,549,637
6,878.570
11,769,107
.
oUars
Total gold
500
500
25
25
25
110,385
369,025
25
Standard dollars.
Half dollars
Suarter dollars
Imes
Value,
25
229,745
840,025
25
25
25
Double eagles..
Eagles
Half eagles
Three dollars. .
Suarter eagles
Pieces.
1.103,850
1,845,125
2,297,450
4,200,125
75
62
25
,
. .
Total silver.
Five cents..
Three cents.
One cent
Total minor ....
Total coinage...
Changes in Legal Tenders and National Bank Notks to
1.
The Comptroller of the Currency has furnished us
the following, showing the amounts of national bank notes
Feb. 1, together with the amounts outstanding March 1, and
—
March
the increase or decrease during the month; also the changes
redemption of bank notes up to
in legal tenders held for the
March
1
yalional Batik yntes—
Amount outstanding Feb. 1, 1886.
Amount issued during Feb
Amount retired during Feb
1,
$317,655,023
$2,954,953
2,863,605
1886*
91,348
$317,746,371
..
d.
9 2,601.712 32 11
7
194.623 19 8
Converting quarters of wheat into cwts., the totals for the
whole kingdom are estimated as follows:
_^
Wheat
Value.
Pieces.
Amount outstandmg March
Wheat, qrs
Feb., 1886.
Denomination.
and
1884.
1,754,000
Legal Tender Ifotes—
Amount on
deposit to redeem national
notes Feb. 1, 1886
bank
Amount deposited during Feb
Amount re-Issued A. b'nk notes retlr'd In Feb.
Amount
redeem national
1886
on deposit to
banknotes March
1,
$46,589,431
$7,973,908
2,868,455
5,109.453
$51,698,884
'Circulation of national gold banks, not Inoladed above, $350,134.
According to the above, the amount of legal tenders
deposit
March
1
qn
with the Treasurer of the United States to re-
bank notes was |51,698.884. The portion of this
(1) by banks becoming insolvent, (2) by banks
EoKllah Fiuaacial ITIarketii— Per Cable.
going into voluntary liquidation, and (3) by banks reducing or
The daily cloeing quotations for securities, &c,, at London retiring their circulation, was as follows on the first of each of
*re reported by cable as follows for the week ending March 13: the last five months:
3:c0.000
289,000
123.800
deem
national
deposit
made
:
:
.
THE CHRONICLE.
33^
by—
Deposiit
:
.
Kov.
Jan.
Dee. 1.
1.
Harch
Feb. 1.
1.
1.
and the attention of
all parties interested
particulars therein stated.
report filed by the receivers, Solon
Thomas E. Tutt, of the business from Dec.
1, 1886, is briefly as follows
A
792,066
850.206
896,836
596,210
584,960
Insolvent bks
LlquUVt's 1*8112,778,010 12,778,010 11,973,969 11,536,337 11,148,232
Reduc't; und'r
actol 1871*|25,795,710 •27,951,121 29,735,607 34,152,988 39,758,536
139,158,710 41,325,341 42,606,412 46,539,431 51,6J8,884
Total
•
Act of Juno
and July
20, 1874,
12, 1832.
IMPOETS AND Exports fob the Week.—The imports of last
week, compared with those of the preceding week, show a
decrease in both dry goods and general merchandise. The
total imports were $8,335,481, against |11,633,978 the preThe exports
ceding week and |7,833,697 two weeks previous.
for the week ended Mwch 9 amounted to .$6,334,333, against
Thf
t5,346,04o last week and |5,503,661 two weeks previous.
following are the imports at New York for the week ending
(for dry goods) Mir. 4, and for the week ending (for genera)
merchandise) Mar. 5 also totals since the beginning of the
;
first
week
in January
FORBIOR IMPORTS AT
For Week.
Dry Goods
Qen'l mer'dise.
$2,199,038
5,892,414
$3,084,789
5,140,692
!flO,305,lS3
$9,626,819
$8,091,452
$8,225,181
Dry Goods
G^'l mer'dise.
$28,150,312
55,019.112
$26,315,400
51,479,242
$21,283,622
43,654,659
$24,565,378
51,537,924
Total 9 weeks.
5133,169.424
$77,794,702
$63,941,2811 $76,103,302
Total
SivceJan.
1.
The following is a statement of the exports (ezclusive o,
specie) from the port of New York to foreign ports for tb ^
week ending March 9, 1836, and from January 1 to date
:
EXPORTS PROM
NEW YORK FOR THE WEEK
1883.
1884.
18S6
1885.
Fertile week...
Prev. reported..
87,507,419
55,448,895
$5,339,440
47,098,227
$6,586,972
53,241,368
$6,254,223
Total 9 weeks..
$62,956,314
$52,437,667
$69,828,340
$50,695,861
The following
since
Jan.
table
specie
week ending Mar.
and
6.
and for the corresponding periods
1886,
1,
for the
in
NEW
Exports.
TOBK.
Import:
Breat Britain
nranoe
Gtormany
Since Jan.^.\
$502,788
1,076,038
110.573
$3,829,307
3,089,788
235,935
1,914,660
10,000
12,815
$1,712,214
..
West Indies
Mexico
Bonth America.....
II other countries.
T«tal 1886.
Total 1885.
Total 1884.
3.54,698
6,177,192
Week.
Sitice
$246,300
7,823
Bermany
..
West Indies
Hezloo
Stoiith America
$258,623
158,160
312,958
600
71,'i97
$9,341,731
3,288,065
8,740,155
$126,442
842,103
33,009
5,296
$1,837,380
3,834,137
151,289
$2,632,064
104,427
9,900
62,484
27,952!
750
373
48
90,634
25,309
60,400
2.268
$2,874,241
2,671,78 4
3,257,753
$1,980
37,032
30,545
$173,709
188,104
913,592
810
37,114
week
$39,1 87
By George
Bancroft.
Number
53. Hiirper's
Handy
Series.
historian,
astrous experiences of the Americ.in Colonies with their i,ssues
of paper money and the very decided action of the Convention
of 1787, which adopted the Constitution, in rejecting the proposed clause which permitted the Legislature of the United
States to emit bills of credit. The Government of the United
States is claimed to be one of limited powers, and therefore
every valid act of Congress must find in the Constitution some
warrant for its passage.
—
The American Electric Manufacturing Company recently
elected the following directors: Hon. Levi M. Bates, of Bates,
Reed & Cooley; Lewis May, banker; Rowland N. Hazard,
President American Loan & Trust Company ex-Senator John J.
Kiernan and Henry C. Adams, New York agent Holmes, B loth
& Haydens Co. Messrs. A. S. Hatch & Co., 5 Nassau Street,
offer a limited amount of the bonds of this company, and they
will give all particulars in regard to its organization and suc;
cessful working.
—
The attention of investors is called to the card of Messrs.
Buttrick & EUiman in the Chbonig'le to-day. This firm and
both its members are well known in Wall Street, having had »
long experience in purchasing and selling first-class securities.
They also buy and sell on commission, for cash or on margin',
all securities dealt in at New York Stock Exchange.
—The Hong-Kong & Shanghai Banking Corporation,
at the
Hong-Kong, declared the usual divideiid
£3 per share out of the six-months' business, and also a bo-
nus of
meeting
10s.
in
per share.
—
Auction Sales, The following were sold at auction
week by Messrs Adrian H, MuUer & Son, 12 Pine Street
Shares.
6623 Second Av. RR. Co. .197ia-i4
75 rwenty-third .St. RR Co 250
233 Wheeling & Lilie Erie
this
Shares.
100 Mechanics' Nat. Bank...l57'«
Bank
56 Bank
8
of iManhattan Co. 156
of America
167
.
V.Y.IO8I4
138 Equitable Gas Light Co.
of Baltimore
25
415 N. Y. Mutual Gas Lit'ht
312ifl Consol. (--as Co. of
Co
13 Farrat'ut Fire Ins. Co....lll>a
18 N Y. Fire Ins. Co
75
10 Park Fire Ins. Co
96
200 Brooklyn City RR. Co. 211-210
1SC12-136
15 National Citizens' Bault. 12 %
212 •« Continental Construction and Impri.vmt. Co. 20Hs
335 N. Y. Loan & Imp. Co
49%
80 St. Louis Ore and Sieel
Co
$1,200 lot
52 Mechanics &Traders' Blf.120
261 Nortli Riv. Fire Ins. Co .101
89 Empire C.ty Fire Ins. Co, 8II4
20 Mercantile Fire Ins Co.. 62
59 Guardian Fire Ins. Co... tiSh
100 Lafayette Fire Ins. Co... 87 ij
25 Be-Asaurance Co
119
5 Bowery Nation.al Bank. .197
47 St. Nicholas Bk
116ifl
25 Am. Exch. Fire Ins. Co .100
I
Clinton Hall Association 51
Bonds.
$1 4,000 Boston Uoosac Tunnel & Western BR. 5s. deb.
bds, due 1913
$25,000 Wheelinc
RR.
ea^s
& Lk
Erie
due 1909 59
$25,000 N. Y. Mutual Gas Lt.
Co. Iflt 68 5-21 s. due 19:i2..108
$10,000 Eii'iitabie Gas Light
Co. of Baltimore 1 st t-s. due
1913
101
£5,000 Panama RR. Co. 78
$l,')40 per bd.
sterling bds
$25,0(0 N. Y. Cable Co. 2d 68
incomes (American Loan &
Trust Co. certf.)
$1,050 lot
lauMtts ami
1st convt. 68,
'giu^ncinX.
Balances.
DaU.
Xeeelptt.
Fajimentt.
•
Total...
6S!>,512
1,447,482— 4,822,030
RR. Co
$250 lot
3i> Mftropolitan Nat. Bk
47^8
280 Boston Hooaao Tunnel &
75 Nat.Butch.&Drovers'Bk.l55
Western RR. Co.. ..$1.350 lot 276 United N.J. RR, & Canal. 230
United States Sub-Treasury.— The following table shows
the receipts and payments at the Sub-Treasury in this
city, as
well as the balances in the same, for each day of the
past
" 11.
" 12.
S6,794
781,459
for the CossTiTurroN of the U.nited States of Ajherica.
of
Of the above imports for the week in 1886, «!135,533 were
American gold coin and .$857 American silver coin. Of the
exports during the same time $373,815 were American gold
coin and $4,500 American silver coin.
Uor. 6.
"
8.
"
9.
" 10.
$1,31 6.843
Balance on hand
A Plea
directors'
15,000
257,041
17
Total 1886.
Total 1885.
Total 1884.
Operating expenses
Track and road rentals
Supplies aud material
Interest on Omaha DivisiOQ bonds
Miscellaneous
"96.357
418,243
294,915
8,454
4,500
$4,900,174
Disbursements.
9i2,U8
118,213
6,229
1,400
All otlier conntrles
Totil
Jan. 1
Silver.
Breat Britain
France
Balance on liand Nov. 30
into the merits of this loan.
eoid.
Week.
Current operations
United States Post otflce
Receivers' certifloates
Express companies aud other roads
—Messrs. Chas M. Wliitney & Co. offer in our advertising
columns to-day the Memphis & Charleston RR. Company's
6 per cent general mortgage gold bunds, due 1924, interest
payable January and July. Investors will bs inclined to look
1885 and 1884:
EXPORTS AND IlIFOHTS OP SPECIE AT
Humphreys and
1, 1885. to March
:
4.1,441,638
shows the exports and imports of
New York
at the port of
directed to the
who is very much in earnest in this
little book, attacks with much vigor"^ the right of the United
States Uovernment to issue paper money. He relates the dis-
18S6
ias5
$3,985,2f0
5,641,529
is
Receipts,
The venerable
HEW YORK.
1884.
1883.
$3,420,4291
6,884,754
XLn.
[Vol,
1,383,177
12.594,029
3,021,942
994,312
1,376,304
864,632
Coin.
S
17
17
97
22
41
52
20,234,398 46
1,052,391
11.340,366
1,488,331
1,055,402
1,237,222
1,209,339
23
81
02
27
24
86
17,389,103 16
167;575,560
168,418.097
169,621,246
169,642,031
28
09
41
84
169,991, '183 29
170,117,733 13
Ourrencv.
$
14.075.407 38
14,480.532 90
11,><10,995 53
14,729,120 05
14,518,250 77
14,047,743 59
~~
United States Government and other deslrabls
SECIJRITIE S
FOR
INVESTORS.
All stocks and bonds listed on the New York Stock Exchange bought
and sold on commission for cash.
Deposit accounts received and Interest allowed on monthly balanoei
subject to draft at sight.
Wabiash
St.
foreclosure
is
Louis
&
Paciflc.—The sale of this property in
advertised at length in the Chronicij: to-day.
HARVEY" FISK
28
Nassau Street,
&
New
SONS,
York,
.
iUncn
.
.
THE CHRONICLE.
13, 1836. J
D
The foUowlnic
divirtonrti
vTIdTk N D
I
r...iiis .t
Fm
'
Per
When
Payable.
4u8(B)lo 11-16.
Booki Ototea,
(Day
New
rates o( domestic etchanflfe on
*-•
inah, hiiyinff
at tbc u'lder-mcntionod n'--lu selling J premium;
par@H pro\ pro»n
"' 'A ])remimu
,.;i mium; New
l;.,,..,., |.,...,,^
miiim, selli"" ''
j
The following were the
inchuivt.)
7ork
fUlo. (qiiar.)
Viillpy (qcinr.)
1
MnrohlA Waroh 7
1
April
April
April
April
.^ .
(iiiiar.)
M:ii)lint laii
.
Oenl.
Rnllroada.
I/'lilirli
8
333
To^aj the rates on actual buslneM wore na follows, tIs. :
Bankers' 00 days' sterling, 4 87i®4 87i; demand, 4 H«l®4 8».
enable!), 4 80^.
Coniiuercial bilU were 4 85(^4 80.
Ooni^'J 18} and (5 18|®U 14| 1
Ills were:
:iiilder8, 40|®40 7-10 and
-.
0.5i®95| ami
havo recently been annonnoed:
Ifanu of Company.
CIn. tnd. St.
N Y & Ilir oinlprf. Acoin.)Clty
N. Y. I.a.k. >V tt'iBr.. (qimr.)
L
a
3
I !«
to
1
Iti t«Apr.
I
Mar. 16 to Mar. 31
Orleans, cn
St Louis, -Z
The
Marcli 20 to Apr. 12
Mar. 21 to Miir. :<l
April
scr. Apill
-
.
,
Mttrcli
1
.
25@.10 discount, bank, |1 50 premium;
.lit;
,
Chicago, 70 discount.
rates of leading bankers are as follows
March
W.4L.L STRKET, FRIDAY, March ia-3 P. M.
Prlmehankers'sterllng
Sixty
12.
bills
The Money Market and Financial Sitnation.— Tho best Prlmeoommerolal
that it has helrl up Doeamentaryoommerolal
s;iiil of the market this week is
P»rl8(frano8)
with much steadiness under the dcprcsMug influonce of the AmsterdaiD (Ruildern)
on London.
and the Trans-Continental war.
Tiie winter
produce has been very shiggish and disappointing, and the great benefits to be obtained by tlie railroads in
carrving the heavy crops of 1885 have not thus far been
realized.
of
It
is
possible that the freight
movement
in spring
and summer may be more active, from the very fact that the
winter business has been so moderate; and in the South the
increase in the cotton movement has certainly been, and will
continue to be, a good thing for the r.iilroads.
The railroad strike on tho Missouri Pacific system has
brought up again the question of adjusting differences between
employers and employed, and points to the necessity of having
some plan of arbitration fixed by law, to prevent the recurrence
of such diffioulties.
On the question of wages, hours of service, &c., the public
is inclined to sympathize fully with the working-men in every
reasonable demand that they make, but this sympathy is dulled
and even turned into entire disapprobation by the arrogant and
intolerable demands made by them.
Practically, they ask to
regulate the business of theiremployers, to say who shall and who
shall not be employed, and by the use of violence they destroy
property or prevent the owners from making use of it while
The successful mediation of State Comthe stnke continues.
missioner O Donnell in the recent horse car strikes in this city,
may furnish a suggestion for future adjustments, under arbitrators appointed by law, who shall have primary control of
such matters.
.The open market rates for call loans during the week on
stock and bond collaterals have ranged at 1@2J per cent, atid
to-day at 2@3J per cent.
Prime commercial paDsr is quoted
at 3@4J per cent.
The Bank of England weekly statement on Thursday showed
a loss in specie of £97,G36, and the percentage of reserve to
liabilities was 40 J^, against 46 1-16 last week; the discount
rate remains unchanged at 3 per cent.
The Bank of Prance
gflined 17,404,000 francs in gold and lost 1,673,000 francs in
silver.
The New York Clearing House banks, in their statement of
0, showed a decrease in surplus reserve of $2,864,375,
March
the total surplus being 133,073,400, against 125,937,775 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks.
1886.
March
Loans and dig.
Specie
circulation
.i«354..'.39
Differ'ticeefr'n
8.
1884.
March
7.
8.
Day:
Demand.
4 89is»4 g<V
4 88
5 ie''895 16i4>5 143li*d
40T,,940%
1401%
\3\
9 4011,.
Frankfort or ^irninen (r«lohmarlt«>
State and Railroad Bonds.— State bonds have l>een
actively dealt in, the transactions covering a large number of
issues, as follows: $319,000 Louisiana consol. 4s at 73i-75iv
$107,000' Virginia 6s deferred at 9^-10; $88,000 do. tmrt
receipts at 9t-10; $44,000 North Carolina special tax bonds at
9f-10; $.1,000 do. 69, old, Chatham U. R. issue, at S»; $20,000
do. consol. 6a. 1919, at 121-131}; $7,.500 Smith Cirolina, Brown
consols, at 108f-109; $1,000 Arkans^i 73 at 8; $10,000 Georgia
7s, new, at 103}; $10,000 Rhode Island 6s at 130;
$2,000
Missouri 6s, 1887 at 103} ; $1,000 do,, 1889, at 108}.
Railroad bonds have been quite active as a rula the past
week, and the course of prices has been irregular. In the
early part of the week the mirket was strong, and higher for
several classes, but latterly some reactions were noticeable and
Brie bonds continue active and
the tone was a trifle weaker.
have been irregular.
The closing prices and range of a few leading bonds are annexed
Range lince Jan.
Otoeing.
|j
ITame of Bond.
Mar.
N. Y. L. E.&We8t.,2d consol. 68
10538
Do
do
ex. June, '96,cp.
Do
do
fund. cp. 59
Gulf (,'ol. & Santa Fe. gold 6a ..
Col. Hock. Val. & Tol., con. 5a..
Den. & Rio (Jrande, l.st 7s
Do
do con. trnst receipts
Deu. ARloGr. West., 1st Os....
Ka'wa« PaolHc, Ist con. 6s
N. Y.Susq & Wc8r.,l8t e8,cp. off.i
IJo
do
deben. 68, cp.off
Oregon Short Line, Iwt 68
Texas & Paclllc, Rios, 68, op. off.
Enst TsD'i.Va.. <S Ga., consol. Sa.i
|
Mo
do
Bid price; no
gen. 59
9m
95%
loo's
91J9
120%
9314
82
10338
8458
61i«
lOO's
52
801s
95
Kana. &Texivs, gen. 68
Do
*
5. lfrtr.l2[
1
81^
105i«
i
89%
om
102%
89 Jan.
7678 Jan.
77 14 Feb.
f64i Jan.
85 Jan.
114i4.ran.
1
120»a
87>4 Jan.
99
82
721a Jan.
S)9i« Jan.
*I0i
•3458
7614 Jan.
52 Jan.
•S2
9779 Fob.
103
52 J3 4514 Jan.
68 14 Jan.
821-2
93
8^ Jan.
75 Jan.
81
89-'e
1
1, '86.
HighetU
Lowest.
1
1
IOC Hi Atar.
92 Mar.
96i4Mar.
105 la Mar.
91 Feb.
121 Har.
903gMar.
83% Mar.
107 Mar.
88 Mar.
6413
103
[
1
1
viar.
Mar.
5579 Feb.
827gMar.«
Q6 Feb.i
83 Feb.
sale.
Railroad and Miscellaneons Stoclts.—The stock market
has been dull and comparatively featureless the pa.st week, and
prices have not fluctuated widely.
The course of the general
market has been irregular, and, while there have been no new
features of special importance, yet prices have been largely influenced by rumors and reports in connection with the Southwestern strikes, Trans-Continental war, Reading reorganization, &c., &c.
There is no doubt that the tenor of news and
influences has been decidedly bearish, and that the market has
not given way more decidedly is an indication of the undercurrent of strength and support which exists. As a result of these
conflicting influences, the market has shown alternate strength
and weakness, but, as compared with tho close last Friday, the
most stocks are lower.
Of new developments of fact
prices of
2,(ill.i)00
""
71,S9'(,100
783,'00
14.61:, 80O
Inc. 3,047,,500
3.'J.'i,08.'i,300
7.aS2.50(l
.
March
9no rno .*4,86-2,900 *502.384.400 $.748,279,900
89,73'2,(!0i Dec.
.
1885.
I
Previoui Week.)
:
4 86>4«4 864t
4 s.'.^a4 8et4
that can be
railroad strikes
•-'
'
I
ISlMaroh 21 to
J Maroh 21 toApr.
iniMoellaiiooas.
AnicrlciHi "I'll TiN pliniie (i|iiar.).
Weatern Ui.lim T»l. (niinr )
movement
.
;
:
Net deposits..
Legal tenders.
393,'ia9.6'
3l,(i63,700
29.6i»3,900
Lejral reserve
Bcserve held
*9s.324.9jo
121,398,300
888,771,325
101.592.000
BnrplM
»23.07.3,400P ec. $2,'J64,375
847,385.100 812.820.6 5
United States Bonds.— Government bonds have been rather
dull this week, though prices are very firm, quotations being
about the same as last week.
The closing prices at the N. Y. Board have been as follows
there have been very few.
affecting the
stock market
The general strike among the Oould
Southwestern roads is unquestionably a bad feature for tho
time being, although the circumstance that Missouri Pacific
stock is held so very heavily by Mr. Gould himself leads one to
conclude that he will not make tho flght a very long one; and
even if he should, and if dividends on Missouri Pacific should
be reduced, that would scarcely amount to a public calamity.
The Trans-Continenil war is still being waged with considerable vehemence, but even this has had less influence, as
rumors have been reiterated lately of an early adjustment of
:
differences.
Intereel March' March\ March' Harch'
[PerUxtt.
«.
8.
9.
10.
{
I
I
I
4H8, 1S91
as. 1891
4b, 1907
48.1907
rcK.'Q.-Mar,
coiip.Q-Mar.
1
I
12i3:-112>4 *112'a
"
112%!
Uwch
March
11.
12.
*U2S8 'U2»R
11258,*! 121ti') 1258 -112=8 niESs 11258
rcK. Cj.-Jan.
\.-2GU\ 126*. 12t:>8'l2(ii4n26i4 '12614
coup. y.-.lan. •12714, •:27i4l 12714 -I2714' I27I4 12736
3fi,
option U. 8
6«,
6«,
6«,
68,
6g.
cur'cy, '95
rea.jj.
cur'cy, •96....res. J.
cur'cy. '97.... n-jr..r.
curVy, '98
reft.i.r.
cur'cy, '99
reit. J.
reg Q.-Feh.
A
&
&
&
&
J.
J.
J.
J.
J.
lOCe'lCOVI'lOC.'Sf-lOO^, lOO'si *iao»8
•126%'*12(i% Tie:'! *126 •12(>!|« •12U\
»129*4 129 <
*129i4i*129ij M2914 *129
*13158i*131vl*I31»B MSI
•134 '•1311.2?' 13414 -134
•136I4 136i!i|-13H'a!-136
MSlSe
1*134
1*13'
•13l5s
'13t
Jfc
This la the price bid at the morumK hoard no tale was made.
Excliauge.— The market for sterling exchange has been very
quiet and there are no new features.
Rates have been somewhat weak, and posted rates are quoted at 4 88 and 4 89
90.
*
:
The shipments
J@4
of gold for the
week have been $1,408,000.
The coal stocks maintain their prominence and have been
very irregular.
Reading has been the strongest stock in this
group, being well held on the prospect of a reorganization plan
more favorable to the stock.
The weakness in Western Union noted last week has continued, with a further reduction in price under the very
unfavorable quarterly statement and the declaration of a .scrip,
instead of the usual cash, dividend of 1} per cent for the quarter.
As to the grangr'rs and Vandcrbilts, there have been no features, and prices have fluctuated moderately in accordance with
the tone of the market. Tnc table of railroad earnings for
February, given on another page, makes a very good showing
in compari.son with February, 1885, but it is to be remembered
that the latter month was a bad one for railroad traffic, and tho
comparison thereforel 00 ts '>etter for that reason.
.'...-..
.
.
THE CHRONICLE.
334
NEW TOBK STOCK EXCHANGE PRICES FOR WEEK ENDING
[Vol.
MARCH
12,
AND SINCE
HIGHEST AND LOWEST PRICES.
STOCKS.
Active
RR.
Stocks,
44
Canada Soutlieru
Central of New Jersey
Central Paciflo
Cliesapeake & Ohio
Do
Do
Clilcago
44
55%
55
8.
65J4
6568
43% 44
55%
545s
13
143
2dpref
13
143
*12% 15
142
Wednesday,
Mar. 10.
66%
66
*13
*142
142
I
43% 43%!
54% 55
42% 4258!
42
42% 43
10% 10% *10% 11% *10%
ISM 18% 18% 18% 18
4158
Istpref...
& Alton
Mar.
64% 64%
Canadian Pacific
Tuesday,
Mar. 9.
Monday,
Saturday,
Mar. 6.
05
43
66
5358
5458
43%
42% 42%
•10%
18
19
15
12
143%,*142
Range
Sales
of the
Thursday,
Mar. 11.
65% 6576
43% 43%
54% 55%
42% 42%
*10%
I8I4
'19
*13
15
Week
Mar. 12.
(Sh'res)
5353
65%
8,100
43
3,180
55 14 32,222
42%i 1,939
10%
420
42%
10%
18% 18%
"
143
Friday,
65
42 7e
1,688
•12
142
200
377
142
JAN.
1,
1886.
since Jan.
Lowest.
61
38%
XUL
1,
1886,
Highest.
Feb. 17
Jan. 18
42i4Jan 18
39i4Jan. 18
10% Jan. 25
18 Mar. 9
12 Feb. 1
139% Jan. 25
134% Jan. 18
6834 Jan.
45% Feb.
57% Mar.
44% Feb.
1334 Jan.
21% Jan.
1534 Feb.
144 Feb.
140 Jan.
96% Jan.
125 Mar.
111% Feb.
142 Mar.
131 Feb.
1534 Jan.
35% Jan.
4234 Feb.
105% Feb.
60 Jan.
38% Feb.
135% Feb.
20% Jan.
26 Jan.
6% Jan.
11% Jan.
81 Mar.
25% Feb.
1134 Mar.
36 Jan.
143% Feb.
2373 Jan.
18% Jan.
9034 Feb.
14
17
3
1
8
6
13
12
13714 135% 136% 13658 136% I36I4 136%
5,450
5
92
92% 9158 92% 9178 9258 91% 92% 105,110 90i4.Ian. 18
9238 93
91'8 92''6
2
124
12314 124%
pref. 124>4 124'e *124>4 124% 123% 123%! 123% 123% 124
1,129120 Jan. 18
Do
3
IO9J4 10958 10858 IO9J4 108% 109% 108% 109% 38,588 105 Jan. 25
10958 lOg'^e 109% 110
Chicago & Northwestern
15
140 141
139% 141 *140 141
141 141% 1140 142
pref. 141
142
710 135 Jan. 18
Do
2
129 129
128% 129
129 129
128 128%
1,161 127 Jan. 18
Chicago Bock Island & Paoitlc. 129 129% 129 129
17
13
13
1234 I2J4
13
13% *12
12% 12%
12M 14
165 12 Mar. 1
Chicago St. Louis & Pittsburg. *12
5
33
•31% 32%
34
33
32% 31
33
32% 32% 33
Do
pref.
840 30 Jan. 16
5
39 14 40
4OI4 40%
397,
40
40% 39% 39% 39
3914 39%
Chicago St. Paul Minn. & Om.
3,570 35»8Jan. 18
16
103 14 103 14 103 103
10268 103
103 103
104
pref. 103% IO414 104
Do
905 98 Jan. 18
16
52% 52% 51% 52
52
5214
54
52% 54
5214 52%
Cleveland Col.Cln.& Indlanap. *53
1,640 50% Jan. 18
2
36I4 36%
36I4
3758
36% 3678 36I4 37
Columbus Hooking Val. & Tol. 37I4 37% 37
36
7,377 29 Jan. 19
17
Delaware Lackawanna & West 129% 130% 128% 130% 128 129% 127% 12858 12773 12954 12634 129 J4 295,575 115 Jan. 19
13
16% 16%
Denver & Eio Grande. . . ;
16
16%
131 14% Jan. 22
2
•23
*23
*23
2314 2314 *23
25
24
Do
Assessment paid.
25
200 21% Jan. 18
7
3
3% 3%
3
East Tennessee Va. & Ga
2% 268
2% 3
3%
3
3%
3,275
2%
Mar.
5
27e
2
*5l2
Do
pref.
6
5%
5% 5%
6% *6
6%
6
6%
6%
665
Mar. 3
5%
2
79 80 14 '79 80 14 79 79
*78% 80
Evansvllle & Terre Haute
80
80
78% 80
1,612 67% Jan. 29
4
Fort Worth & Denver City. . .
22
22% 23 'e 23''e 22% 22% 21
610 19% Jan. 18
1
Green Bay Winona & St. Paul.
10%
9% 1\M 10
114 10
9% IOI4 10% 10% 10% 11>4 17,395 8 Jan, 16
6
•27
Houston & Texas Central
32
27% 27%
30
33% 30
30
30
600 27% Mar. 5
6
nilnols Central
141% 142
14178 141 '8 141
14158 14158 140% 141%
141
1,170 138)4 Feb. 24
9
Indiana Bloomingt'n *fe West'n
28
28% 27% 28J4 2758 27% 27% 27% 2714 27% 27
7,880 2334 Jan. 18
277e
5
'12
l4ike Erie & Western
12
12
I214 12'4 *12
13
12% 12
12
600 12 Jan. 25
5
87I4
Lake Shore & Mich. Southern. 87% 88% 8714 87% 87% 37% 8658
87% 88
865s 88I4 97,970 82% Jan. 18
9
Long Island
93% 93% 93% 94% 92% 94
9II4
92% 92% •92
93
91
5,385 80 Jan. 20 94% Mar. 8
LomsvilJe& Nashville
42% 42% 4268 43% 4258 43
42
42% 42% 43
4178 42% 30,130 36% Jan. 23 4573 Jan. 4
*36
*36
Louis. New Alb. & Chicago. .. *36
'35% 37
38
36
38
37
36
36% 37
300 35% Jan. 18 41 Feb. 1
Manhattan Elevated, cousol.. 12714 127% 127 128
127 12758 126% 12734 126% 126% 126 127
7,660 120 Jan. 2 128)4 Mar. 2
Uemphis & Charleston
36% 37% 37
37
400 30 Jan. 19 38% Jan. 4
Miohlgan Central
75
75
73
73
73% 73
731 68 Jan. 18 76% Jan. 2
2OI4 2OI4
Minneapolis & St. Louis
*18
*18
19
19% 18
20
19% 18% 18%
450 18 Jan. 28 22)4 Jan. 4
Do
4914 49%
pref.
49
49% 47% 4914 47
48
48
48
46%
47
3,000 45)4 Jan. 18 51% Jan. 4
Missouri Kansas & Texas
28% 29
28% 28'8 28 J4 28% 27M 28% 2778 28% 27% 2858 25,875 27)4 Mar. 10 3214 Jan. 2
Missouri Pacific
110 110% 110 110
108% 109
106% 108
107% 108
104% 107
6,315 104% Ma.-. 12 114% Jan. 11
Mobile & Ohio
*14
14 15
15
14% 14'4 14»4 •14
200 14 Feb. 6 17 Jan. 5
Hashv.Chattanooga&St. I-ouls *47% 48
*47% 48
47 48% 46% 46% 47 14 47 14
47%
400 46 Jan. 2 50 Jan. 7
Kew York Ceutral & Hudson 106>4 106% 105 J4 106% 10558 10578 105% 106% 10558 106% 105% 106% 16,610
102)4 Jan. 16 107% Feb. 13
Wew York Chic. & St. Louis.
7% 758
758
758
7% 7%
7% 7%
7% 7% 7% 1,191 7)4 Mar. 4 10 Jan. 5
Do
I8I4 •18
pref.
18
19 14
I914 18
•17
18'4 1S>4
18
18
18
360 17 Jan. 16 23 Jan. 5
Hew York Lake Erie & West' n. 28% 28% 27% 28% 27% 28
27
2768
27% 28
27% 2778 97,6571 23 Jan. 18 2878 Feb. 17
Do
63 14 63'?8
pref
62% 63% 61% 62% 6II4 62)4 61% 6234 61
6234
7,112 50% Jan. 18 64 Mar. 3
Hew York & New England .
37 37% 36% 36% 37 37
37
37 M 37
37
36%
36% 2,310 36 Feb. 4 43% Jan. 28
Hew York Ontario & Western *19
*19
20
20
19
19
18% 1878 19
19
18%
18%
1,634 18% Jan. 18 21% Jan. 4
Hew York Susq. & Western.
7% 8
7% 7^8
7% 7% •7
7% 7%
7%
7% 7% 2,370 6 Feb. 1 8% Jan. 2
Do
pref.
22% 23% 22% 23
„
22
22
22
21%
22
22%
21%
22%
4,000
17% Jan. 25 24 Feb. 9
HorfolkA Western
10
10
10% 10%
9% 9%;
9% 9%
420
8% Jan. 25 11)4 Jan. 2
Do
pref
294 29% 29% 29% 29% 29% 28% 2914 29% 29I4
29%
25
6,105
Jan. 25 30)4 Jan. 4
Hortheru Paciflo
26% 265s 26 14 26% 26% 26I4 2578 26>4 26% 26% 2634 26% 5,898 2534 Jan. 25 29 J.in. 2
Do
pref
59
S958
5858 59%
58
5778 58%
5834 59
58%
5778 58% 32,839 5634 Jan. 25 6178 Jan. 2
1'
Ohio Central
1%
178
2
1% 2
1%
1%
134 Jan. 19
4,657:
2
Feb. 4
Ohio & Mississippi
25% 26% *25% 26
2478 25%
2414 24%
24% 24% 24
24% 3,820| 21 Jan. 25 26% Mar. 5
Ohio Southern
17>4 17 14
1714 17 14
16%
16%
15i4Jan.
350
19
18
Jan.
4
Oregon Slioi-t Line
24 26
22
25
'24
26
26
26
450! 2173 Jan. 18 26
Mar. 8
Oregon <k Tran9-( ontinental.
3158 32%
3158 32
3134 315o~
31%
31%
31
31%
31
31%
2758
3434
14,292|
Jan.
25
Jan.
5
Peoria Decatur Evansville...
21
21>4
21
20% 21% 20% 2068 21 21
21
20% 20% i.ooo! 18% Jan. 25 22% Jan. 6
Philadelphia & Reading
29 14 30% 2978 31
29%
30 J4
28=6 29%
29%
30%
2863
30%
477,805;
Feb.
5
31
Mar.
18%
8
Elohmond & Diinville. ...
76% 80
79
79%
80
78
78
78% 78% 1,207! 75 Mar. 1 82% Jan. 14
Richm'd & West P'ntTermiual 34>4 35% 35
36
35
35
34% .34% 34% 35
34% 34% 3,920j 32% Jan. 18 38 Feb. 2
Eochestei& Pittsburg
•3I4
*3i4
'3
314
5
'3
5
5
5
5
3% Jan. 16 5 Feb. 15
8t. Louis & San Francisco
'21
21% '•21
21% •21
'2034 21
21
21
21
21
200 20 J.iu. 13 23% Jan. 25
Do
pref
*44% 45
44% 45 •44% 21%
'44
45
45
44%
44%
43%
43%
350! 42% Jan. 25 48% Jan. 7
Do
lat pref •102
103% 10334 IO314 102 103% 102 IO314 101 103 '101 10268
100 97% Jan. 27j 105 Feb. 9
St. Paul & Duluth
40 14 47
40% 4758 40% 46% 45% 46% 46% 48% 47% 4878 13,0161 37 Jan. 18 4373 Mar. 12
.'!! 110
Do
prer
110
110 110
IO914 10934; 110 ' 110
109%
10934
110
110
8061
99% Jan. 261111 Mar. 4
Bt. Paul Mlnneap. & Manitoba. 1171411714 117%
117% 117 11734! 116% 11631 117% 117% 117 117
1,605!106% Jan. 1911873 Feb. 25
Xexa« & Pacltlc
11% It's 11% 11% 1134 11% 1134 1134 11% 12
1158
12%
1463 Jan.
8,402, 10% Jan.
UnlonPaciHc
49% 50% 49% 5OI4 49
4838 4934
48% 4973 4353 4973 63,160! 47% Feb. 19 56% Jan.
495s
Wabash St. Louio & Pacific
9
91,
958
934
10%
lOSs 11%
11%
10%
10%
1973
11%
11,779
9
Mar.
5
12%
Jan.
Do
19
pref
19% 19% 19% 19% 20% 1934 20
20
21
20% 21
4,740 17% Jan. 25 2238 Jan.
nilscellaneons Stocks.
OoloiailiiCoal& Iron
2514 27%
26% 27% 25% 26% 25% 2578 26
2658
26% 27% 12,315 22 Jan.
27% Mar. 12
Consolidated Gas Co
108% 109
107% 108
10734 10734 107% IO8I4 108
108
111 Feb. 8
2,153 98% Jan.
Delaware & Hudson Canal... 103% 10458 103% 105
103% 10378 102 103% 102% 103% 10218 103
Feb. 13
18,146 8734 Jan.
108%
Oregon Improvement Co
28% 31% 30% 31% 30
30
2,450 21% Feb.
31% Mar. 6
Oregon Railway & Nav. Co... 103% 103% 103% 103% 103
103
104 104
101
104
10834 Jan. 5
481 99 Jan.
PaclficMail
50% 51% 50% 52% 51
5158
51 7e
51
50
52% 51% 52=8 78,780 49 Feb. 23! 67 Jan. 2
Pullman Palace Car Co!!
133 136
133 133 132 135
133% 133% 132 133
133% 133%
505 132% Mar. 111377s Feb. 9
Western tinlon Telegraph
70
7058
6878 70%
6869 69%
6758
6878
6834
69%
6458 68
218,533 6453 Mar. 12 7579 Jan.
Express Stocks.
CUcago Burlinyton & Qulncy
Chicago Milwaukee
137% 137% 137% 137% 136%
& St. Paul.
31%
6
28%
46%
.
.
.
28%
'.
.
.
.
Adams
American
United States
Wells, Fargo & Co
!.!
Inactive Stocks.
Albany & Susquehanna
American
&
146
145
106
106
65 14 65
124
120
& Santa Fe
Pacific
Bankers' & Merchants' Tel
Canton Co
Central Iowa
Ctnoin. Ind. St. Louis & Chl'oV.
Dubuque & Sioux City
EUzabetht. Lex. & Big Sandy'
8%
9
...
Dllnois Cent , leased uiiestock
Manhattan Beach Co
Mil. Lake Shore & West..!!!!!
Do
Morris
& Essex
pref'
5978
79
80
21
•217
106
123
64%
121
92% 92%
28% 8%
148
106
6534
145
105
148
106
'145
105
65
64% 64%
121% 118
6278
65
140
...
2134
Pittsburg Ft. W. & (ideago
150 150
Konie Water-town & Ogdensb'g
Bt. Lou 18 Alton & Terre Haute. •43
45
Do
nn^f
'90
95
Cameron Coal
1475 16%
Marytand Coal 'co.'.V.'.'.V ' " '
13
a
15
Hew Central Coal
f^ig 13%
TennesseeCoal&lron
48i| 49
,
35
123
'858
234
35
35
234
»2
3
18
18
9
'118
149
100
65
123
19
•18
19%
6634
*66
66%
220"" 226
!!!
146
106
65
118
149
35
35
106)4
65%
123
65
6634
36
66
*138
105
31
31
44
44
16
48
.
....
•43
45
•12
•12
;
...
210%
16%
17
12% 12%
36
210
150
90
'12% 14
48
219
66%
18% 18%
217
219
101
20
37
220
•99
100
1934 19 14
13973 1397e 139
10658 10668 106
37
66
139
106
149
149
42
44
95
37
37
65% 66%
6553
150
28
28
•41
•90
44
95
16
17%
•12
127,
1278
48
"'*" *" the Price* bid and asked no sale was made
at the Board
;
9
'8%
18
40
284
260
300
119%
Jan. 14 150
10634
66
.Ian. 13
Jan. 26 125%
8
137%
Feb.
18
220
19% 19%
38%
'36
65
66
13913
139%
107
107
121
'90
17
'12
*12
14
17%
14
13
Lower
price
62%
60%
20
25
.Tan.
400 33)4 Jan.
16)4
•12
•12
17%
17,530
is
86
9
Jan.
Jan.
14
11)4 Feb.
13
300 10% Jan.
400 48 Mar.
48
t
101% Jan. 28
Jan.
Jan.
230 215 Jan.
200 93 Jan.
2,070 17 Feb.
400 22 Jan.
6,700 ,5034 Jan.
149 132 14 Jan.
270 100% Jan.
31 20434 Jan.
243 141 Jan.
100!
100!
217
144
1
445 30 Jan. 4
500 87% Jan. 18
850
7% Mar 1
2i4Jan. 19
200
Jan.
5
lOOi 53
350 17 Jan 18!
500 70 Jan. 18
9
'20% 25
99% 99% 99
20% 20% 20
20% 20%
34% 34%
•8%
838
19
'217"
101
35
66I4
21
99%
19%
137
Hew York Lack. & Weste'r'n'!' 105
Hew York New Haven & Hart.
*
'145
6534
3
59'8
.
Harlem
146
106
137% 137%
District Telegraph
Atchison Topeka
Atlantic
146
106
65
120
ex-dividend.
Mar. 12
Feb. 26
Feb. 15
14478 Feb. 20
35 Feb. 8
9373 Jan. 14
9% Jan. 5
3% Jan. 7
60 Jan. 14
22% Jan. 5
80
21 67
2 21
15 220
13 lOO's
2 2II4
28
Feb. 12
37
Mar.
Mar.
Mar.
Mar.
6
4
6
9
Feb. 26
Mar. 6
Mar. 10
18 66% Mar. 9
9 13973 Mar. 10
20 107
18 211
2 150
18 31
4 46
5 95
13 17%
9 16%
16 I5I4
8 50
Mar. 12
Mar. 3
Mar. 6
Jan. 2
Feb. 3
Feb. 16
Mar. 10
Feb. 16
Feb. 15
1
Mar.
.
March
......
.
i
HKOURITIES.
&
N.O.
&
H. R.
7b, Arkanaatt Cent.
I
RR
RR.
RR.
18
7
101
101 >4
„eorglii-0s.l88B
"Ta.1888
1891
Ba, loan,
68, loan, 1892
6b, loan, 1893
10-2 >a M. Carolina—68, old, J. AJ.
Fnnrtlnir act, 1900
11»>S
iia
1890
7a. golil.
Bid.
I
mOB
loaoa.iBOo
Arkansas— 6a. tiinilort
T», L. Rook A Ft. s. lea.
7». Memu.a I.. Rook RB
es,
7«, L. Il.P.B.
Ta, Ml.ta. O.
BBOUBITIBS.
Ask.
Bid.
100 >a 102 L, Loalalanft— 7a, ooiia.,1914
stamp"d, 48
106 no
MlBSOurl— Ba, 1886
98 >a!
107
6i, due 1889 or 1890....
Aayl'm or Uolv.. dae'B9
9V 10
Funding, 189498
20
Hannibal A St. Jo., '86.
SO
20
New York-6a, reg., 1887
AUbania-Olaaa A, 1006.
Olaaii B.»«, IBOtJ
49.
. .
.
THE CHRONICLE.
18, 1886. J
835
MARCH
4|UOTATION8 OF STATE AND RAILROAD BONDS,
STATU BONDS.
OlMsC.
—
...
.
.
Aak.
SAOUKITIKB.
74 >a
N. Carolina—<!nntlnn«d—
Newboiida. J..tJ..'92.8<
85
71IS
101
2S
10S>s
103
118
118
121
04>4' '95"!
121
121>u'
103
I
I
I
I
I
S8H1I
a*aip'inlae,3-4 .a.6s, 19 12
VlT«Uil»-6«, old
6e, new, 1806
6s, oooaol. bonds
6a, ex-matnred conpon.
ea, oonsol., 2d aenee
ea, deferred
District of Colnmbia—
8-6S8, 1924
I
12
M.
TamMtuwa—Con tinned 8i, naw aerlea, 1014
.
loy
9'i
Oonaol. 4a. 1910
6i. 1919
Ohio -6a, 1886
:south Carolina—
6s, Aot Mar. 28, 1889 (
7,,
'^
non.fundable, 1888.}
Broirnoonaorn6a, 1898 lOS^a 110
58 >9 60
iTonneaaee-e*, old, 1893-8
68H1 60
Bfc now, 1892-8.1900...
111!
18M.
BBOURITim.
.11
Bid.
8ii««laltni. aU< luKHOa..!
Wll.<.^ARu.ll.
Do
110
113
19,
68Si
45
4S
100
58
60
70
Si"
60
119
Basletered
113
ynnding5s. 189»
1
RAILROAD BONDS.
BECCRITIES.
SBCTTRITIKS.
Ask.
Bid.
Del. Lac.
Railroad Bonds.
A
1
lat.Bs. Cark. Br.. 1919.
6a, gold. 1825
1112
87
Coupon,
>»
87 Si
!
1894
79,
Ist, Pa. Dlv.,cp.,78,1917
lat. Pan. DIv., rcg.,1917
Susq.— 1st, 79...
All).
A
lll^i
cll.A('al"ii.-lst.lisI!l32,
110
nr.C. Uap.Jl No.— l!<t..5s
C0U80I. A col.tr.. '>B.19;U
109»i llO^B
l8t,cons.,gaar.78,1906
i9t.,con8., guar. 68,1906
112
110
Minn.&St.I..— IstjTs.KU 140
Reus.
A sar.— l8t,cp.,78
Deuv.A Rio Or.— l8t„ 78.
150
—
lat, consol., 78. 1910....
& West.— Ist.Tal
118
120% 122
137
106
132%
122=4 123>4
14B
120
C. Kan. l.K.A
—
Den. A KioQ.West.— l8t,68
'107>-j!l08'a:
121
•96%
Trust Co. receipts
Dcn.iSo.Pk.,« Pac
l9t,78
N.— lst,6»|
1921
iBt, 59.
98 -»
90
82
*
j
.
8934) 9914'
2d, 58. 1913
110
1
1930
1st, cons., 6a,
..
Kx eoupoua 9 to 12
70
Divisional 5s, 1930 ..
Ellz.C. A N.— S.f.deb.,0.,68
lU. DIv., Ist, 6s, 1912 .. •68>al 70
120-4
Pur. mo.fa.'93i
Ist, 6s, 1920
Cajes.A
114
Eliz. Lex. A Big Sandy— 68
68, golil, series A., 1908. 113
83I2 Erie— Ist, extended, 78...
68, gold, series B.. 19081
39^ 2d, extended, 5s, 1919..
68, currency, 1818
102>sll03
3d, extended, 4 %s, 1923.
Mortgage, 6s, 1911.
97
99
'
Ohea.O.&S.W.--M.,5.68..
4th, extended, 68, 1920.
Central Iowa— lat, 78,'99t
East. Div.-l8t. 69, 19121 •68
O—
1114
I
"
CWc.
A
Alton— lat, 79,'9Sl 118
120
.
2d, 78, 1900
A
Chic— Ist 119
lat, guar. (561), 7a,'94 119
2d, (360), 79. 1«98 ....
2d, guar. (188), 78, '98!
St. i. Jack.
Burl. A Qulncy—
Consol.Ts, 1903
6a, sinking fuuil, 1901..
6e, debentures, 1913
la. DiT.-S.fil.,58, 1919:
Sinking fund, 49. 1919
Denver i5iv.—4s, 1922..
Plain 49, 1921
C.R.I. A P.-68, cp., 1917.
CMC.
98
!
A S.Ant.— l8t,68
2d, 7s, 1906
We.9t. Div.— Ist, 68
112'«
2d, 68,
'<
C—
I
I
1st,
134
g.-
R-
D-
19n2i'
l«93.i
A M., 7.9.1897..-!
A D.. 78,1899. ..-i
l8t,C. A M.. 79, 1903...
131%'
124 1125
125 '-2'
Waco A
2d, consol.,
2d, 7 3.IO9, P. D., 1898.1 125341127
l8t,LaC. Div.,7s,
No., 7st
main
...
38
line,
General, 69, 1921....
i
114%
118% 119
07
95
124
98
125
102i,)103
120 !120'4'
107 IIO14
104%: 105
99
98
101
"55'
Hous. E. A W.Tex.— l8t,78
2d,6s,1913
126i4l
.
.
I
1
C—
•
'
108=4
119=4
109%
111
lio" 130
120
117
.
—
88..'
Consol., coup., lat, 78.
Peninsula— 1st, conv.,78j 136"
Consol., reg., lat, 78 ..
Chic.AMilw'kee— lftt.78! 125
Consol., coup., 2d, 7a..
Win. A St. P.— l8t,7a,'87i 104 10434
Consul., reg., 2d. 78...
130 135
2d, 79,1907
MahoningCoalR.-l8t,58
Mll.AMad.— lst,69.1905 115
Long I8l. KR.— lat. 79, '98
Ott.C. F. A St.P.— lat.59 107%
lat, con.sol., 58, 1931.
Nortll.IU.-l8t
Sa. 1910.
O.C.C.AInd's— l8t,79,8.fd.i
Conaol. 7s. 1914
Consol. 8lnk.fd.,78,1914
General consol., Bs,1934
Chic. St. P. Mln. A Om.—
Consol. Gs. 1930
107!^
120
100
88
104%
103%
117% 118
90
92
70
90
74
103
120
127
100
126
131
131
103%
12:
131=4
131=4
123% 124
123%
i25'
.116
105
130
116
Tx>ulsv.A Na9h.—
124% 126
Cons., 7s, 1898
Cecilian Br'ch. -7a,1907 '105
127 >a
127%
103
121
122
C.St.P.&M.-l9t68,1918 129% 130
No. Wis —Ist, 6.9. 1930.
St.P.A8.C.-l8t.69.1919, 128% 129%
Ohio.A.E.Ill.-l8t,.9.f.cur. 121
122
Consol., 1st, 8a, 1934. .. 117
119
DhlcSt.L.AP.- lst,con.58 96
N.O.AMob.-l8t,63,1930 104
93
96
2d, 6a, )930
E.H. AN.— 1st, 68,1919 115 >4
108 108%
General, «9, 1930 ...
94
Penaacola Div.- 68, 1920
109=,
St. I.. Dlv.-l3t,6s,1921
59>4
2d, 38, 1980
64
122
Jvasliv. A Dec— 1st, 79..
A N.Ala.—S.f.68,1910
Lonlsv. C. A L.—68,1931
S.
1909
Coupon, 5a, 1931
Jack.I.an.A8ag.— 6a,'91
Mllw. A No— lat, 68, 1910
Ist, Ba, 1884.1913
Mil. L.S.AW.-l8t,69,1921
Mich. Div.— lat. lis. 1924
Ask.
SBUURITrEB.
Peon.
Bid.
Continued—
Pltta.C.ASt.L.-lst,o..7s
116
110
6a,
RR
lat. reg., 7s,
2d, 78, 1918
Pitta.
lst,7s
2d, 7a, 1912
3d, 7a, 1912
Clev.
P. -Con«.s fA,7a
4th, 8. f.. 68, 1892
St. L. V. AT. H.— lat,g..7B
2d, 78, 1898
2d, guar., 7s, 1898...
FtW.AC—
103
103
103 <4
117%
117>,
117
115
Ashrrt Div...l8t.«8,1925 116
Mlnn.Ast.L.— 1.9t,7a,1927 180
Iowa Ext.— lat, 7a, 1909 124
100
2d. 73, 1891
s'thw.Ext.— l8t,7a,1910
112
I'ac. Ext.-lst, 88, 1921
99% 100
Imp. A Equip.— fla.1922
Minn.A N.W.— l9t.5a.gld. 100 100 7,)
Mo.K.AT.-Oenl.,6s,1920 93% 93%
81General, 59. 1920
116
Con.9., 78, 1904-5-6
«80
Cons., 2d, income, 1911
lie
H.ifeCentMo. -l8t,78,'90
Mobile A Ohio— New 6a.. 114 114%
Collateral trust, 68, 1892
lat, Extensioii, Ga, 1927 102=4
Morgan's La.A'r. — Ist, Ba 110%
119
lat, 7a, 1918
Naah. Chat. ASt. L.— lat,78 128",
A
144
UO
186
130
110
120
118
Pine C'k Jl'y— Oaof 19S2
Pltta.Cleve. A Tol.— l8t.B8
Pitta. June- lat, 69, 1922
Pitta.
McK. A y.— lat, 6a.
RomeW.A Og.— lat,79,'91
Con., lat, ext,. 58, 1922.
Rocll.APltt.-l8t,68,1921
Conaol., 1st, 6a, 1922
...
Rlch.AAlleg.-lat, 78,1920
Trustee, recelpta
114
95
116
116
05^
111%
73
73%
Rlch.ADauv.— Con9..g.,68 116
116<t
Debenture Ba, 1927
Atl.ACh.— lat, nr.,7a,'97 120
104
Incomes, 1900
60
Scioto Val.— l8t.con8.. 7a.
95
76
108 =i 110
114 116
119
105
105%
N. Y. CentraI-68, 1887
107%
us"
Deb. certs., extd. as
Arkan.sas Br'ch— lat, 7a 116
113
N.Y.C.A
Ist, cp., 78 136%
Cairo A l^Uton- lat, 78.
10939 110
Deb, 58, 1904
Cairo Ark. A T.— lat. 7b il5'4
95
Harlem— Ist, 78, coup. 137
Gen. r'y A l.gr.— 58,1931
N.Y. Elev.— Ist, 78, 1906 125 123
St.L.AltonAT.H.— lst,7a 116
111
N.Y.P.A O.— Pr.l'n,6s,'95
2d, pref., 7.9, 1894
"66'
N.Y.C.AN.— Gen.,e9,1910
2d, Income, 7a, 1894 .... 106
6334
64% Bellev.A So. III.— lat, 88 118%
Trust Co. receipts
N.Y. A N. Engl'd— l8t, 78. 129 131
StP.Mlnn. A Man.— l8t,7s 112% 114%
121% 1227a
118 120
lat. 68, 1905
2d, 68, 1909
96=1 97
N,Y.C.ASt.L.-l8t,6s,1921
Dakota Ext.— 68, 1910.. 122
96'» 97
Trust Co. recelpta
Istconsol., Ba, cp., 1933 1-20%
78
2d, 68,1923
Min'8 Un.— lat, Ba. 1922
N. Y. Suaq. A W.-lst, Bat "ii'h 85=. St.P. A Dul.— Ut, 58,1931 ii's'
62
63% So. Car. R'y-lst, Ba, 1920 111
Debenture, Ba, lS97t. .90
Midland of N.J.— l8t,63 107 107=.
2d, 6s, li!31
76"
113
80
N.Y.N.H.AH.— lst,rg.,49
Sheuand'hV — l8t,79,1909
28
N. Pac— G. 1. gr.,l8t,cp„68 ili% 114=4
General. 69, 1921
115
Registered, 68, 1921....
Sodus BayA So.~l9t,5s. g. 100%
"97=4
72
97^8 Tex.Cen.— l8t.8.f.,78,1909
Gen., 2d. gold, Os. 1033.
72
107
So. Pac.Ter.Co.— lst,g.,08 106
lat, 7s. 1911
82
N.O. Pac— lst,68.g., 19201 -58
Tol.AO.C— l8t.g.,6a,1935 98% 99%
Norf.AW.— Gen., 68, 1931 108
Tol. P. A W.— l9t, 79, 1917
96
New River— l9t,68,1932 107 %i 109=< Trust Co. receipts
90
83
Imp. AExt.-6s. 1934..
Tex. A N. O.— laf, 73,1905 116
108
85% 86% Sabine l)iv..-l3t,G8,1912
Adjustint. M.— 79, 1924.
70% 70<«
09
Ogd. A LakeCh.— lat,6s..
Va. Mid.— M. Inc., 6s,1927
Ohio A Miss. Cons. 8.f.78 r22=4
VVab.St. L. A Pac— Gen.,68
122%
91%
Couaolidated 7s, 1898.
(;hicDiv.-6s, 1910....
2d. consolldated,78,1911
Hav. Di v.- 68, 1910
Ist Springfield Div., 78. "90
Ind'poUs Div.— 68, 1921.
94
87%
lat, general, 6s, 1932...
Detroit Div.— 69, 1921..
Ohio Cent,— lat, T. Tr., 6s
Cairo Div.— 59, 1931 ....
lat, Mln'l Div., 09. 1921.
Wabash— Mort., 79,1909 90
10334
Ohio So.— Ist, Os, 1921 ...
Tol. A W.— 1 9t, est., 7s 113% 115
OregnA Cal.— l8t.0s,1921
l9t, St. L. Div., 7s, '89. 108=4 109=4
104% 106
Or.ATran3C'l-68,'82,1922
2d, ext., 7.9, 1893
98
Oregon Imp. Co.— Ist, 6a.
Equip'tbds.. 78, '83.
'98 ioo"
113%
Oreg'u RR. ANav.— l8t,08. 112
Conaol. conv., 7a. 1907
113%
Debenture, 7s. 1887. ...1 10514 106%
Gt. Woat'n— Ist, 78,'88 112
1047, lOS
107% 108'.
Conaol., 58,1925
2d. 7.9, 1893
Panama— S.f.,8ub.68,1910, 98
Q.A ToL— 1st, 78, 1890 *96
Peoria Dec. A Ev.— Ist, 68 108 14 id8%
Han. A Naples- lat.78
ibo'
106
Evana.Dlv.— Iat,6a.l920
111. ASo. la.— l8t.ex.,6f>
Peoria A Pek. U'u— l8t,68
St.L.K.C.AN.— R.e. 7a 115 117=4
997,
Pacific RR.—
Omaha Div.- lat. 78.
82%
115 115=4
Ceu. Pac— Gold. Ba
Clar'daBr.-6B,1919
103
San Joaquin Br.— 6s.. 111%
St.Cliaa. Bge.— l8t,69 100
Cal. A Oregon- l8t, 68 104
No. Mi.saouri— 1.9t. 7a. 114 110
Cal. AOr.— Ser. B., 69. 104
W.St. L.AP.— Iowa dlv.,68
Land grant bonds, Ba. 106 107
Trust Co. Recelpta
113
West. Pac— Bonds, 63.
West Shore— Ist. guar.,48
West.Un.Tel.— 78. 1900 ..
No. R'way (Cal.)— l8t,63 110
10%
110%
So. Pac of Cal.— Ist, 68.
79. 1900, reg
NW. Telegraph.—79.1904 88 »8
So. Pac. of Ariz.— lat, 68 104
88>4
Mnt.Uu.Tel.-S.fd. 68.1911
So.Pacof N.Mex.-lat,6a 103%
9B3« 97
117=8
Union I*acittc— Ist, B3..
Col.C.A Ir.Co.— lBt,con.B8
I,andgrant8,78, '87-89 106% 106=4 Teun.Coal A Ir. Con8..68 •97% 106
Slnkiugfund, 8a, '93.. 119 119%
So. Pitts.-lat, 68. 1902. •89
117% 119
Reg., 89, 1893
lucoiue Rouds,
2d, 6.9,1901
H—
A
A
St.Jo.
G'dl8rd.-l8t, 68
St. L.
Iron Mt.— lat, 7a.
2d. 7a. 1897
.
I
1
I
I
—
.
I
Iowa Midland— l8t,
Bid.
182
111
.
Ill.Cen.— Istg. 48, 1951..
Hpd.Div.— Cp. 68, 1898.
131
MirtdleDiv.— Reg., 59
132 133
Consol. 7s. 1905
C'.8t.L.AN.O.— 'ren.1.,78
l8t,78,I.AD.Ext.,1908 131
1st, consol., 78, 1897
119
let, s. w. Div.,69, ino9.
2d, 63,1907
lat, 58, LaC.A Dav. 1919i 106
Gold, 58, 1951
l8t,S.Mluu.r)lv.,6.><.1910; 119 1120
Dub. A S.
2d Dlv.,78
l8t, H.& I).. "8, 1910... 12;H!'129
Ced. F. A Minn.— 1st, 7a
123
Chlo.APac.Div.,68. 19101 121
Iml.Bl.AW.— 1st, pref.,78
l8t,Chlc.AB.W.,59,l921i 107'4 107».i
1st, 5-69, 1909
Mln'l Pt. mv.,,58, 1910.
IIO716
2d. 5-69, 1909
C.A L.Sup.Dlv., 58,1921 105
Eastern Div.— 6s, 1921
Wis.* Mlu.Div.,58,1021 105%'
rndianap.D.ASpr.— l9t,78
Terminal ."is, 1914
105H!!l06
Int. A Gt. No.— l8t,Gs,gold
•l
Fargo A So. 59,.A.88U..'24 •119
Coupon. 69, 1909
Chic. A Northwest.—
Kent'kyCent.— M.as,1911
Coaaol. bonds. 7s. 1915. 142381142=4
Stamped 4 p. c, 1911...
Coupon, gold, 78, 1902.. '136
Knoxv. A O.-lst, 1)8.1926
BeglBt'd, gold, 7s, 1902. 135
Lake Shore A Mich. So.
120
EUIlklng^lnd,69, 1929..
Cleve A Tol.— N bds.,78
113
Sinking fund, os, 1929..i
Cleve. P. A Ash.— 78.
Blnk'gfd.,deU.,5s.l933.[ 108
Buff.AErie-New bd3.78
10734
25 years deb., 58, 1909.
Kal. A W. Pigeon— Ist.
Eacanaba A I..8.— lst,68r 115
Det.M.AT.— l8t,7s,1906
DeaM.itMlu'ap— l9t.78 126
Lake Shore Div. bonds
lat, I.
1st, I.
104
96
1931
Gr'nBayW.ASt.P.— l8t,88
Ills'!!
113U :i4
Oulf Col.A S.Fe.— 78,1909
'llSWj'
Conv., asMeuted.7s.l902
Gold, 68, 1923
Adluatmeiit, 7s, 1903...: 1113,112% Han. A St. J.— Con.68,1911
83
Conv. debent., Bs, 1908.
Hend. Bridge Co.— 1st, G».
Leh.AW.B.— Cou.g'd.as. 11234'U5
1st M.L.,7s1
H.A Tex
Am. D'k.t Imp. —58,1921 97
1st, Western Div.. 78t..
A
136
1 so-
1886, coup..
Gal.Har.
132 "a
Kit.
S£. P.—
let, 88, P. D., 1898
115%
108% 110
A
100
'9o!
lat,con8.a88ent. 79, l.S99(
109
10234 Fl't&P.Marq.— M.6s,1920, 119
101
90
Ft.W..t Den.C— lst,6s...
'
Cent, of N. J.-lst. 7s,
.....
113% 116
Buff. AS.W.— M. B9.1908
Ev.
T. H.— Ist, cons., 6s 114
Mt.Vein'n— l9t,Bs,1923| 108
102-.4
A Col., 59, 1934...
Keok. A Des M.— Ist.-'isi' 111
113
127
Collat'l trust, 6a, 1(522
Fund coup.. 5s. 1969,
137
112
'
102%
A
Ex J\ine,
136
—
$
103
N.Y.L.E.AVV.-N'w2d6s
Misa.H.Br'ge- l8t,8.f.68, 105 >s
lat, 7s,
82% 83
74% 70
5th, 78, 1888
lat, cons., gold, 78, 1920 135
1st, cons., fd. coup., 78.
Keorg., lat lien, 68, 1908
Long Dock b'uds, vs. '93 il?
114
Consol. gold, 08, 193;'
B.N. Y. E..-l8t,7 8,1916 >132
123
120
Sinking fund, 69, 1903
La. A SIo. Rlv.— 1st, 78.
CWc. MU.
124
•
I
SECURITIES.
M Ich.Cent—Cona.7a, 1902
Conaol., 58, 1902
113%
98 >4'
•88
Si's
41
45
Det.Mack.AMarq.— lst,68 60
Bnir. N. Y. A p.— Cona.6.')
•16
Land grant, 3 %9, 8. A
General, 69, 1924
Can. So.— Ist. int. guar.,69' ioiJ»4'io7" E.T.Va. A O.— lst,7s,1900 121
la. Citj-
Ask.
N.Y.L.AW.-Con8t.,6a.. 108%
Hud. Cauia- l8t,78
Del.
lst,«lt.,79, 1801
stock Kxchangc Prices.)
A toll T. & ». Fp—4 His. 020
HlukiiiK FiliKl. *JA, Utll,
AU. A I'ac— l9t.«s, 1910
Baltimore * Ohio—
.
Bid.
A West.-
106%
—
Collateral Trust, Ba. .
Do
Kana.
lat,
6a,
1907
Pac— lat, 63,'95
6.9,
1896
iJntercitt pitt/abh if
camM.'
A P.ac.— Inc. 1910... 23 >•
A E. 111.— Income
E.T.V.AGa.-Inc,Ba,1931 "19%
93%
Atl.
Chic
lis
113% 116
..
Or.BayW..tst.P.— 2d,inc
Ind.Bl.AW.— Con., lnc.,68
Iud'9Dec.A Spr'd—2d,inc.
C.Br.U.P.— F.c.,7a.'95
Trust Co. recelpta
At. CAP.— l8t. 68.1905 104% 105%
Leii. A Wllkeab. Coal—'88
AtJ.Co.AW.— lat. Gs
Lake E A \V.— Inc., 7s,'99
Greg. Short L.— 1st. Bs 102=4 103
90% Sand'kv Div.— Inc.,1930
Ut.So.— Gen., 7s,1909 -85
Laf.Bl.A.Mun. -Inc.7s,'99
Exten., lat, 7a, 1909 *85
Mo. Pac— lat, coua., Ba. 112 112% Mil. L. Sh. &W.— Incomes
122% 125
Mob. A 0.— l8t.prf.,deben.
3d, 7a, 1906
Denv.Dlv.6s,a8a.,'99
lat, conaol., 6a, 1919.
115
104
112
118
106
:<.
Pac
of Mo.— lat, 68
2d, 78, 1891
..
105%
•113%
113
112
2d. pref., debentures
3d. pref., debenturea.
20
S9% 39%
38
39%
39"
90
34
100
40
4«
87%
94% 100
61
66
38
M>i
.
80
4tli, pref., debentures.
St L.AS.F.— 2d, Ba, CI. A
75
N.Y.LakeE.AW.— Inc.Oa
6a, ClassC, 1900
Trust bonds, 68, 1922.
103=4 idi
40
Oen'l mort., 69, 1932 ...I
1112
112%
Ohio So— 2d. inc. 0a,1921
Ba, ClaasB. 1906
10-40,6.9,1924
93%
93
49
Ohlc. A St.L.— lat,«.9,1915
PeorlaD.A Ev.— Inc..l920 47
110%
1st, 68, Pierce C. A O. '103
Pens. AAt.— lat.Ba, gold
89=4
63
CoLA Green.— l8t,68,1916 10S%I
Evansv.Dlv.- Inc.. 1920 50
95
Equipment, 78, 1895.. '103
L. Erie AW.— 1st, 88, 1919
93
2d, 68, 1926
80
Gen. mort. 68, 1931.. 104 «s 10434 Bocli.A Pltl8b.-lnc,I92I •6«%
Sandusky DIv — 6s,1919
50
Og.-Ioc,
78.
Col. H.Val.A Tol.-l8t, 58
W.
A
105% Rome
8934) 90
lat.68 105
So. Pac. of
Laf. Bl. A M.— l8t.68.1919 101% 102
DeL L. A W.— 78,conT.,'92 1153,
106
So Car. Ry.— Inc.es. 1931
Tei.A Pac— l8t,68,1905
Louisv.N.AIb.AC- l8t,6a 105 107
Hortgage, 78, 1907
St.L.A. AT.H.-DiT. brta.
13«
Conaol, 68, 1905t
r.on. N. O. A Tex.— 1st, 59
90 Vt
Syr.Bing.AN.Y.— l8t,7a '143 1148
St Jo. A O'd lal.— 2d, Inc. "id"
Income A Id. gr.— reg.
ManliatB'ch Co.— 73,1909 76%
Morris A Essei- Ist, 78 142% 146
Free lA»t.
118
Rio G., Ba, Aug. cp.on
N.Y.AM.B'h— l8t,78.'97
T,
2d, 79, 1S91.
CinASp.— Ist.c.C.A I. ,7b 116
62
62«8
" 1141 115
118
Do
Aug.
cp.
ex
Metpn. Elev.— l8t,6a,1908 il7%
iioy.
Bonds. 7s, 1900...'.;
lat, g., I., s. A M. 8.,7s.
46
40
123 126
Gen. mort. A ter. 6a
113
2rt,68,l«99
112
78of 1H71,1901
Cum. <E Pen.-lat6s.1891 103% 104%
Pennaviyania RK.—
133
Mex. Cent.— iBt. 7a, 1911
103
1888
104%
6a.
Ist, con. .guar., 78 ...
2d
107%
46=4
Pa.
at.cp
isi"
'aguar.
4
1
44»4
Co.
%9,
lat, M., 7a, ei.cp.,6,7, A8
7S
Gal H. A H.oCSa.— lst.6s
N. Y. I,»rk.,t W.-l8t,6s' 131 133%
107%
42%'
Pa. Cn.'«4%9.reg.. 1921
New a'*sented. -Is.
42
Ohlc.AW.Ind.— l8t,s.f.,08i 11S%U15
.
Mo—
.
.
JTo pilces Friday
;
these are latest qnotatloal
made this week.
FCoapoiuofr.
. . -.
..
.
.
I
—
.
.
.
I
THE CHRONICLE.
336
RAILROAD EARNINGS.
Latest
R0AD8.
Bait,
<fe
Eamingt
Week or Mo
101,091
9,674
170,100
23,106
51,032
131,000
27,002
155,161
Potomac .fanuary ..
& W. 4th wk Feb
BoBt. H. T.
Bnff.N.Y.&
Februarj'.
Pliil.
Biiff.Roch.&Pitt 1st
Bur.Ccd.E.&No.
,'icl
wkMch
wk Feb
CanadiaTiPiteiflt 1st
Central Iowa. . 1st
CUlcapo
Cliio.
&
Burl.
Alton Ist
wk.Mch
wkMch
wkMch
& Q January
.386,721
..
& East. 111. 4th wk Fell
Chlo.Mil.&St.P. 1st wkMoh
Cbio. & Nortlnv Ut wkMchl
CL.St.P.Min.AO. l.st WkMch
Chlo. & W. Midi. 1st WkMch!
32,139
444,000
410,500
98,900
28,192
53,407
47,544
23,093
Chlo.
tthwkFcb
Cin.Ind.St.L.&C.
Cln. N, O. A T.P.
Ala. &Gt. So..
N. Orl. & N. E
Vicksb. & Mer
Viclia. Sh.
&
3d wk
3d wk
3d wk
3d wk
3d wk
P.
Feb.
Feb.
10,641
11,154
10,486
37,558
9,987
156,954
15,249
95,172
61,030
9,378
1S,6S8
Foil
Feb
Feb.
wk Feb
4th wk Feb
Cln.Wash.&Balt 4th
Clev. Akron* Col
Col. Hock.V.cfcT. Ftbniary.
Danbuiy & Nor January ..
Denv, & Kio Gr UtwkMcli
Denv.&R. G.W. February..
Des. Mo. &
Det.I>ans'gA No. 1st WkMchl
Ft.D. 3dwlcFeb.l
E.Tenn.Va.&Ga. .[anuiiry ..j
Evansv. & T. H. 4th wk Feb
324,03:
12,286
41.190
24.581
25,519
284,033
141,535
197,800
2,700
19,700
13,500
35,900
233,700
4th wk Feb!
3dwk Jan.
& P. Marq.
Flor. K'way & N.
Ft. Worth & Den. February.
Flint
Grand Trunk
.
i
Wk.Feb27
.
Golf Col. <&S.Fe. Februars'..'
IU.Cent.(m.&So) 1st WkMch
Cedar F.ctMln.
Bub.&Sloux C
Ta. Falls &S.C.
Tot.
1st
1st
'.St
Iowa line-
1st
Total all lines. Ist
WkMch
WkMchl
WkMch
wlcMeh,
WkMch'
196,2.-i6
Ind,Bloom.i\iW. Febrna'}'..
Ind. Dec. & 8pr. l''4*brnar V.
31,998
44,221
29,708
3,724
43,921
30,022
44,447
271,205
137,S20
7.405
115.167
75,700
122,233
28,790
11,045
145,531
185,519
10,367
K,C.Ft.8.&.Giilf. 4 til wk Feb
Kan. C. 8p. & -M. tfhwkFeb
Kan. C. CI. & Sp IthwkFeb
L.Rk.& Ft.Smitli January ..
L.Rk.M.Riv.&T. Innuar.r
let WkMoh
Long Inland
IjOUlflv.&Nashv. 1st wkMch
IjOuIsv.N.O. &T February..
Mar.HouKli.A (>, 4th wk Feb
Mem. & Cliarics. January ..
Mexican Cent'l. Ist wkMch
*Mex.N.,all Hues JiUin.iry
JUl,L,81i.<feWe31. 1st
Milwaukee & No Ist
Mobile AOliio
.
WkMch
wk.Mch
February.,
..
Xeported.
1886,
lanuary ..
tth wk Feb
January ., ,254,112
January ..
408,076
N.Y.&NewEng. lanuary .. 268,265
wk.Mch
20,112
Y,
Ont.&W
Ist
m,
81.650
N.Y.Susq.&West .lunuary ..
50,039
Norfolk & West let WkMch
Northern Cent'l. January ..
400,123
Northern Paeilic February.,
560,227
January .. 274,180
Ohio & Miss
Ohio Southern. 'February..
43,979
106,'294
Oreg. R. & N. Co. 4 th wk Feb
Pennsylvania.. January
1,421,536
15,472
Peoria Dec.&Ev. Ist wkMcn
January .. 218,830
Phila. &Erie
Phlla.&Rea<linn January .. 1,055,584
Do C. & Iroii January
914,360
Blohm'd &Danv. February.
350,400
Ch. Col, & Aug. February,
86,400
Colunilna&Gr. February..
79,300
Georjiia Pac.
January ..
58,395
Va. Midland.. Fcbni.iry..
99,588
West. No.Car. February.,
41,922
KoireWat.&Og. January ,.! 123,746
20,545
St, Jo, & Gd. Isl. 4rliwkFeb!
Bt.L.Alfoni'itT.H. IthwkFeb
22,838
Do Branches. 4thwk Fe^
14,390
Bt.L.&San.Fran. iRt WkMch
85,438
8t,Paul<feDuluth 1st wkMch
17,133
St.P,Min.i1iMan. Fel'iuary..
425,000
Texas & Paeilic tth wk Feb 112,416
Tex. & St. lyouis 4thwk Feb
17,702
Nasb.Cli. &St.L
N. Y. City 61 Nil
4N. Y.L.Erie &W.
N. Y. Pa. it O.
.
.
.
I
Onion PaolH:-.., .liinunry ..
Wab. St. L. & P. 4th wk Feb
fWest Jersey... Januar.v
.,4.!S,029
288,69^
68,494
29,758
.
Wisconsin Cent'l 4ihwkFeb
Roads.
I
WeelcorMo
1885.
101,091
80,674
149,661'
339,913
227,735
21,574'
332,671
40,035
107,000 1,093,000
208,875
36,038
168,442 1,2.53,796
,992,484 1,386,721
260,741
37,704
429,907 3,453,000
426,100 3,342,407
824,262
89,600
204,170
25,504
385,103
43,544
41,166
336,970
160,144
20,071
90,088
16,056
78,219
8,707
6,194
71,931
289,145
33,316
66,924
9,888
327,325
158,419
15,249
14,160
110,974
923,893
62,615
127,664
45,247
7,127
167,415
18,314
324,032
427,885
10,516
107,019
309,041
40,810
JO, l.!2
69,499
24,519
50,169
272,808 2,154,460
8.5,708
293,728
233,461 1,802,800
20,600
2,244
19,555
134,600
14,202
90,000
36,001
245,200
269,465 2,048,000
166,290
375,018
29,401
67,997
45,227
325,010
29,700
186,336
28,308
52,966
43,921
33.642
30,022
46,295
335,599
300,230 2,384,696
93,443
297,568
0,210
47,918
141,300
115,167
80,524
669,500
126,662
122,233
20,415
221,5.58
10,372
95,058
164,494
312,336
184,986
185,519
8,282
73,270
,050,474 1,254,112
389,660
408,076
230,420
268,265
34,270
182,047
70,665
81,650
47,633
472,717
404.216
400,123
569,964 1,049,557
300,300
274,180
43,541
88,769
102,802
505,473
(,277,522 3,421,536
15,181
131,280
222,017
218,830
,846,366 2,055,584
844,789
914,360
309,890
628,927
81,093
149,908
70,311
133,014
57,304
58,395
97,905
191,632
33,010
76,111
114,395
123,746
15,426
164,960
23,538
178,949
27,514
120,029
80,863
.670,650
13,790
153,848
39.5,217
834,176
99,561
861,773
12,088
210.426
1,674.949 1,428,029
292,133 1,868,8;.'0
70,121
68,494
36,552
186,911
98,472
5.445I
1884.
& Ohio. December.
Eliz.Lex.AH.s. Dnceuiber.
Chea. O. & 8. W, 'Oecember,
QaLHar.&S. An. Dcceniber.
Kentucky Cent'l [Ueceniber.
La. & Mo. River. December.
314,195
57,732
147,586
333,074
00,019
43,153
'
I
I
78,646!
217,000'
130,188
484,909
21,687
211,094
155,405
56,012
122,509
308,912
65,584
138,278
283,152
66,730
50,081
60,992
202,000
145,381
472,937
1885.
98,472
55,065
303,942
183,102
354,781
931,341
•208,276
1,352,599
1,992,484
236,286
3,292,800
3,418,.5,'^3
728,095
165,929
375,988
332,146
170,652
102,023
68,200
50,360
.305,186
63,791
325,257
14,160
911,623
129,656
44,624
157,973
427,885
97,(i34
273.422
67,531
47,237
2,112,969
178,005
2,018,136
16,670
130,860
94,211
241,747
2,259,883
336,062
59,888
432,094
303,-574
52,966
33,612
334,207
2,554,287
197,740
38,319
141,366
682,203
1'20,662
166,803
89,48 1
366,175
184,980
56.216
1,050.474
389,660
230,420
235,328
70,665
473,109
404,216
1,123,546
300,300
88,650
428,574
3,277,522
131,988
222,017
1,840,366
844,789
635,543
161,587
142,654
57,.')04
203.909
66,881
114,395
109,562
197,057
131,300
699,459
151.978
857,342
736,073
148,515
1,674,949
!
'
1
i
I
I
70,121
91
1884.
3,361,235
706,467
1,571,155
3,538,605
3,2,36.641
2,901,591
847,070
502,625
627,317
922,107
611,114
485,709
l,7'i4,752
1,795,848
3,629,006
Mexican currency,
Poad south of Cornwall is no longer Included.
Not
Inclading earnings of New York Pennsylvania
I
I And branohet
New York
762.027
1,374,645
3,370,762
1,059,199
1,233,289
872", 146
•
I
Merchants'
Mechanics'
S
15,000
7.761. 3i>0
.
230,600
9,067.000
. .
12..'i39.300
a.oas.ooo
City
8,0i0»00
Tradesmen's
Fulton
Chemical
Merchants' Exch.
2.497.100
Mechanics'
263,000
'oo'ow
1,'^10,SOO
lfl.6;t4.l0O
3.244,000
5.4GS.5O0
1,781.400
Sallatiu National..
Batchers' *fe Drov.,
A Tr..
67,'!00
600,000
208,600
1..-174.000
Greenwich
Leather Mannrra.
Seventh Ward...
l,0.-!;',3i>0
2,600
3,'2.S2.300
1,077, '200
482,900
44,400
State of N. Y
Amoric'n Exch'ge.
3,912.500
18,665.000
Commerce
Broadway
20,161. 8.)0
632,300
45,000
44,dU0
5.2626tf0
6,542.300
Mercantile
Pacific
•2.3.18.200
,
6.528,700
4,413,900
1,744.100
3.548.666
10.237,000
Republic
Chatham
Peoples'
North America
..
Hanover
Irving
405,500
45,000
180,000
325,800
264,000
2,-;8i),OoO
2,844,2a0
2.046. !0O
3.290.606
1,934.300
3,230,000
5,4.87, 00
4.619.700
1.045.600
22,063.7oc
Citizens'
Nassau
Market
Nicholas
Shoe & Leather
Corn Exchanpfe ...
.
fmporters'tfc Trad.
4'37'605
49,500
sii.imo
45,000
•20,275,900
Park
North River
East River
Ponrth National..
1,633,000
20^200
l,^.J2l.4oO
17,713.000
180,000
60,000
37,000
45,000
430,100
8.15.j,Ooo
Central National..
Second National..
Ninth National...
First Natiomal
2,558.000
5,-54. loo
l9.9~!O.Soo
Third National ...
N. y. Nat;. Eioh..
5,754,100
Bowery
N. Y. County
Gorman -Vmeric'n.
.
Chase National...
l,236,.i00
177',200
2.263,900
I,!lti6,a00
223,600
180,000
2,857,4;)0
3,608..^00
45,000
Fifth
3.481,900
Germania
2,(!96.0oO
2,l-J7,5oo
4.82ii,4oo
Avenue
German Eieh'nge.
United States
45,000
43,800
45,000
132,700
2,218,800
l,4ll.3oe
1,293,300
3,U)>.l00
1,42;,000
2,060.200
l,fy3,700
Lincoln
Garfield
Fifth National....
B'k of the Metrop..
West Side
Seabcard
Sixth National
Total
435,200
•.;
Continental
Oriental
45.000
100,000
354.539.900 89,732.600 31, 665.70b!393,2S9.10(i
...
The following are
1886.
Ohio road.
weeks
totals for several
L. Ten-iers,
Spexiie.
\Oirculation Aog. Clear'cs
Deposits.
$
Feb.20 348,163,800 tf7,00n,700 33,487,70(1 395,094,100
" 27 349.677,000 92,343,600 31,167,'iOO 390.25-,J.lOO
Mar. 6 354,539.9011 89,732,000 31,665,700 393,299,600
Boston Banks.
Specie.
$
Cr.
$
reb.20 155,474. 300ill,0e8,500
••
8.485.700 683.469,847
8,668,100 570,399,480
7,882,500 674,207,586
— Following are the totals of the Boston banks:
Loans.
1886.
7,882,500
past:
s
{
21 155,^201,9001 11,015,500
Tenders.
1
liepoHts.'
1
CircjUationl
Am.
Olear'gs
S
S
2,Ss7,000 115.728,000:19.582,200 76.530,348
2,645,200 115,997.9001 10,439,'2OO| 67,279.067
3,352,700 114,636. 100:19,452,2001 83,823,48^
$
$
Mm. 6 64,87H,400l 10.982,900
Philadelphia Banks. The
—
!
totals of the Philadelphia
banks
are as follows:
1888.
Loans.
Lawful Money.
Deposits.'
$
«
$
85.248,1C0
83.377,400
27.535,600
Feb. 20
- 27
83,634,600
27,088,100
84.984,700
•^0,741,800
83,251,300
84,750,500
Mar. 6
'lucinoiuR trhe itauu "uue 1.0 other bauliH.''
Unlisted Secnrities.
week
—Following are
Bid.
Secv/rities.
57,624,499
45,314,393
63,665.»59
latest quotations for
Pensacola & Atlantic
iPitts'jurgA Western
105
Incomes
Bost. H.
& B.— New stock
1»8
Bost. H. T.<t West Stk.
Debentures
Brooklyn Klev'd -Stock..
1\
71.J
70
34
104
60
lat iuoi"t
ad mort
California Pacific
Cln. W. & Bait.— Stock...
lis
Pret
.
6,979,000
6,951,500
6,243,500
4
& R.G..6S, O.S.tr.cer.
Denv. A Bio Ur.W
Kdlaon Klectric Light
Georgia Pac— Stock
Ist mort., 68
2d mort
Keely Motor
Mexican National
a
-708Vi
—
M.
&
A. Ulv., l8t moru.
'
..I
'
68
2Hi
del. when Issued.
1st M., del.when Issued.
2ii M., ilel. when Issued.
Tol. A 0. L'en. com. stock.
stock
25
75'
3
A
ii
45
25 Hi
12
25 >a
1
2
6««
74?.
29
6
48
17
921.2
89 !«
74%
17?
9S)a
40>4
26
46>a
o. Cen. 1st 5s, gr.by
Tol.
Col.
Hock. Val. KR....
Col. Hock. V.ATol.com.stk
U. 8. Klectric Light
&
92
93 >4
26 >a 30
68»4
H
72
10
a
as
12
47=8
2
3
IOI4
I
Ask.
1\ 15"
8
1091.
|
M.K.*T.— Income scrip ..I 62
Incomes
BJ*.
95'
St. Jo. & Grana lai.. stock •221,)
81; Texas iSi Pac— Scrip loi*4. 33
33
.<crip 1885
3
Texas & St. Louis— Subs. 130
6
51
I'ei, A Sl.L.U&ADlv
4
\»\
N. Y. M. On. Tel.— stock.
N. Y. W. Sh. * B.— Stock.
North. Pac— Dlv. bauds. -I
North Riv. Cons.— 100 p.o
Norfolk & West.— Deben.
Ohio (Jent.- Rlv. Div., Ist
Cent, trust cert
PoHtal Telegraph— Ist. 63
Postal Tel.tfe Cable—'Aiock
ttoutheru Tel, Stock. ...
1st mort. bonds
State ol Tenu.— i?et't.38. X
65
Pief
mort
StcwritUn.
Aik.
A
Char. Air L., stock 90 1»
Atla.
1st mort., gen. bonds... 123 -9
Deu
Circtllatinn. '^la. Clear'f
past:
Cent, trust cert
<St
tion.
ll.P.'ia.OOO
America
Phenix
Ist
7,888,443
Circula-
11.828.000
Manhattan Co
St.
of—
Specif.
Diacov/i^t.
1,95-, 564
195,'.
Amowit
Average
Loans and
Old
December.
4,205,451
December.
December.
228,192 2,866,060
December.
93,483 1,833,190
Boioto Valley., December.
South Carolina..' December.
131,195 1,1 51", 83 8
8o.Pac.Comp'y-|
Atlan. System December. 1,044,302
912,834 9,183,737
Paeilic System December. 1,610,83411,786,496
Tex. & N. orl'ns December.
1-25,386|
95,753 I,0'i7,6i8
Morgan's I.a.AiT.
N. If. Tex.A Max.
Oregon Imp. Co.
Oregon Short L.
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the
week ending !March 6, 1886:
1885,
1886.
$
Ohesap.
Louisiana West, December,
Maine Central IDeceniber.
Minn'ap. ASt.L. December.
1885.
Jan. 1 to Latest Date.
[Vol. XLII.
91
;<5Hi
13
7
99
.16 -a
"4"
11
87
40
Virginia Midl'nd, es inc.
N. Car.— Ooii. mort..
)v>'.,ni
11
6994
71
—
:
AiARCH
7
.
THE CHRONICLE.
18, 1886.J
1^
n IT 5 1 m u t
je
^37
SBflM
16)t3.
je
IB03.
nsi.
iHD
tax
mallvaad %utcXliQznce,
01
4.5SO
25,232,024
and
of the Stuulcs and
ipanies. It in puOlished
on tite tiiA-l Hatardtiij uf totiij uthtr month ~vi2., Febniarij
April, June, Aui/ust, October and December, and is furnhhed without extra charge to all regular subscribers of the
Chkomcle. Extra cojiies are sold to subscribers of the
Cbuoxicle at 50 cents each, and to others than subsoribert
at |1 per copy.
V
'
Tiitnl n»«<iU
a complete exhibit of
'Si-i>i>i.KMi.NT ,„vt'iiiu
Tl,.> Ivvi.'<r.
,^>.u.i.i.T,„,,ilcma.
27,089.694
11,991,800
<MO
6,3'i6.00O
4M.000
483,068
U> MurplM.
140.076
9,661,985
Total llabilltlea.
25,232,624
l'<tliuio«)
27,089,694
28,791,091
29,7;i^,^&0
Sonlh Carolina.
IFor the year ending December 81, 1885.)
The President, Mr. Henry P. Talmadge, eays in his report:
ANNUAL REPORTS.
Columbus Ciui'iuiiati He Indianapolis.
"It will be seen that the net receipts of the company for
the
{Fur the year ending Dec. 31, 1885.)
year fell short of meeting the interest accruing durinu that
s
»<'
Tlie anmial meeting of stockholders was held in Cleveland period by the sum of $24,117.
Of the MO.OliJ shares, only 84,337 were voted. The
last wrek.
"All expenditures upon the property during the year have
large block held in England was not rei>resented. The foUovv- been charged to operating expenses." » * "There has Ijten $4 265
William expended by the machinery department in preparation for the
inf? were elected dire<'tors to servo for threw years
Bayard Cutting, A. G. Dulnian, of New York Benjamin S. change of gauge, also included in the operating ox|>enstB of
Brown of tidlumbus. O. and (Jeorge H. Russell, of Cleve- the year. This change of gauge from 5 feet to 4 feet 9 inchee
land. All the old offif-ers were re-eltcted
J. H. Devereux,
is to be made about the first of June, 1886, by all the
connectGeorge H. Russell, Sec- ing roads, and must therefore be made by the South Carolina
ii'sident; S. Burke, Vice President
Treasurer.
tary and
Railway Company also. The expenditures incident thereto
The report of President Devereux, referring to the figures will prevent any reduction of the expenpes of 1886 as com1885,
says
that
it
is
thus
seen
that,
the
year
with
the
for
main pared with 1883," * * "but it may be safely assumed that even
line earning net $117,975, the joint deficit of the Cincinnati &
with the gross earnings as small as they have been during 1885
Springfield and Imiianapolis & St. Louiso n the year's opera- there will bo no deficiency in meeting all accruing payments
The obligations and after 1886.'^ * * "Thebondsoutstandmgpriorinlien to the first
tion exceeds such amount by i|557,444.
interests of the two leased properties are identical with those consolidated mortgage have been reduced to $0-56,589,
of
of the main hue, a'ld they of necessity must be regarded as
which, including those due Jan. 1, 1886, $158,900 are payable
-ingle interest in considering the financial results of the upon presentation, and the trustees of the first consolidated
•arm the matter of revenue. The outcome for the year is mortgage hold to provide for these $490,000 first consolidated
wuhout profit, and the cause of the trouble is plainly dis- mortgage bonds, $170,000 second consolidated mortgage bonds,
closed in the statiatics of operations given below.
For most $14,145 cash and bills receivable "
of the year a disastrous competition and conflict has obtained
The following tables for four years have been compiled for
Cleveluutl
:
;
;
:
;
in the carriage of rail traffic, and the lowest point in rail rates
between the Mississippi Valley and the seaboard has been
reached. The average gross freight rate is -577 cents per ton
mile, compared wiih "633 cents in 1884, a decrease of 8'84 per
cent, on the extraordinarily low figures of the preceding year.
And the cost freight rate for the year is '466 cents, compared
with '516 cents in 1884, a decrease of 9 '68 per cent.
the
Chronicle
:
OPEHATIOS8 AND FISCAL RESULTS.
Optraliont —
Pasaengers carried.
Frel>,'lit (tons) n)oved
1882.
18S3.
188i.
1885.
220,676
273,651
248,341
344,131
377,409
390.257
377,«50
Pi eight (tons) mU'ge 86,917.920 41,87'', 73? 42,881,613 40,091,676
Av. rate ^ ton^mlle
2-69 cts.
2-35 cts.
2-12 cU.
2-04 uta
213,9-!1
The tonnage movement and the
amount of passenger Passenger
296,105
has been fair in volume, but rates have been torn and Freight
966,658
51,058
attenuated, to the last degree apparently, and the work of the Mail, express, &o
year has in consequence been barren of net revenue. The
Total gross eam's.
bonded debt of the company has been increased during the
1,313,821
year by |1, 701, COO. and now stands at $10,517,000. The comOperating expenses —
Mai!il*nc6
of
way,&c
186,738
pany is free from floating debt, and its property was never in
Maiufuoeof ei|uip..
157.366
better physical condition, the roads and their equipment hav- Transportation exp.
4:i7,2l7
ing been fully maintained to standard.
Taxes
31,309
Comparative statistics for four years, not including CincinTotal
812,6dO
nati & Springfield Division, compiled for the Chronicle, are
trafiic
Net earnings
P.c.of op ez.to earns.
follows
afi
OPBBATIONS AND FISCAL RESULTS.
OS
owned
1882.
1883.
1884.
1885.
391
391
391
391
caniod.
Vtu*s*
n^er
n>)li-ii^()
Rate trpatiR.
Fr'i;l,l
,
V
inllo
ifiw
V::U
'
.-'.
li
!
ui.
l,n3.'5,76i
97fi,4l>8
44,759,982
43,548.617
2 217 ctB.
•2-235 cts.
•2.7.in,8«7
1,000,-270
I'n-iKlit
3,l.'i9,4!7
Ac
Tot.grof*H earu*a.
I
820,607
38,14=1,350
2-OMl cts.
2.5;7,9!)3
2,513,780
417.411,484 408,43(1,350 397.ti78,278 428,691 ,S^1
0-70H cts.
0-751 cts.
0-633 eta.
0-577 cts.
J'M^-ciii.cr
Mali, express,
93«,647
42,176,610
213/i cts.
2,347,7w2
eratlnK expenses
965,633
3,06 -,71
1*^9,435
797,679
2,471,863
186,865
17»,7'j8
179,697
2,518,873
1S2,038
4,338,475
2.963,778
4,213,107
3,018,382
3,60u.340
2,75rt,749
3,456,407
2,69.,561
1,374.697
l,194,7-.i5
843,597
762,816
ii.nstB
:iDd liittTeat
Liuiiiueotis
Tiitnl Ini-oiiie
r.vcMieHA
on tiohi
..^
1883.
1884.
1885.
$
$
1,374.697
103.125
94,305
1,194,725
129.417
166,531
841,597
211.396
13,805
762.846
1,572.127
1,489,753
1,068,798
975,878
«
$
4<<t(,615
'
121.276
i
<i\
I'M-IUIS
!,il3,032
$
507,4.'i3
12.5,144
602,540
119,104
6.59..''85
"l'02,633
"79,896
118,621
(2) 299.9ti4
MueellaucouB.
12,313
Total dlsburseiuls
ilanceHurplua
26,995
632,-.01
9.^9,576
824,277
857,902
939,923
530,177
244.521
117,976
GENEHAL UALANOE AT CLOSE OF BACH FISCAL YEAR.
1882.
1883.
18,SO'<,704
<'(i' ipm't
..vw(ji d lands
25.H77
lUown'd coht 1,643,418
-. ToCiii.iSr 8p.
2,1: 9,931
'i'liid. vtwt. 1^
72 -,340
'1 ife
.lectb.
$-1
ail
-null
•
revblo.
1,476,6.8
Uuiou Depot
&
1884.
9
1685.
$
19,191,504
22,763
1,647.915
2,423.160
19,450,392
21,822
1, 67^,04 8
2,585.340
83.i,138
1.0115,432
2,490,172
3,521,955
19,627,536
22.337
*l,6i8,419
2.769.167
1,107,537
f3,931,040
Railway- 's stock, *37.600,
Includes »3,368,585 notes of tHe Ind.
& 8t,
JLouJa Kallroad.
and » few
$
«
279.769
96-',742
893,Sii9
55,9J5
59,664
279,143
815,975
56,722
1,326,969
1,233,292
1,191,840
190,048
156,244
495,421
52,381
147,362
155,242
158,162
142,043
475,296
48,183
894,091
432,875
67-38
49' ,283
57,681
850,568
382,724
68 96
8-23,684
328,15
71-51
INCOME ACCOUNT.
Receipts—
\«-t earnings
Total income
Disbursem en is
Interest on debt
Interest on incomes
Iti'te paid on incomes
—
Total dlsbm-gem'ts
1884.
1885.
$
*
13.8c*0
382.724
5,880
32S.1S6
30,271
504,688
416,765
388,604
358,427
357,!* 17
382,722
374,521
4,149
373.754
76,140
3
2,472
2.52
8,020
488,866
452,366
382.974
8ur. 5,630
382,544
fiat. 24,117
501,191
3,497
432,875
126,900
Miscellaueoos
Balance
1883.
$
•)ther reeciiits
siir.
15,822
def. 5,601
Colorado Cool & Iron Company.
i^For the year ending December 31, 1885.)
INCOMK ACCOUNT.
1882.
61-.-6
1882.
Operatiotut—
I'aespnricrs
501,191
«
30^,292
The annual report of Mr. Henry E. Sprague, President, states
that "after passing through mxny vicissitudes and trials in
the early part of the past year, arising from the strike of your
miners, which commenced in October, 1884, extended "into
February, 18S5, and no sooner terminated than a strilte was
inaugurated among the employes of the Denver & Rio Grande
Railway, preventing for a time the prompt distribution of
your products, added to which the partial shutting down of
the Leadville smelters in April, and extending into June,
depriving your company of its most important consumers of
colte
besides, during the same period, prices for all kinds of
your manufactured products continueid depressed and low,
and all classes of business most quiet. Tet notwithstanding
this very much broken and interrupted year of 1885, your
company mined 5G'3,C(Jt) tons of coal. The sales for the past
year are in excess of any year since the organization of your
company.
If subjected to no interference or unavoidable
interruption, the sales of 1886 should exceed those of 1885."
* * • " Your company is without floating debt.
At the
close of the year the manufactured stock and material on
hand amounted to $494,687. Beyond the erection of additi nal
ovens at Crested Butte the construe: ion account for the
commg year will not be large,"
The loUowing are the earnings, operating expenses, and income account for the years 1384 and 1885:
;
^
:
THE CHRONICLE.
338
—1884.
Eaminas.
Coal department
Coke department.
Iron and steel dep't
Iron mines dep't
Real estate dep't
Mlscellaaeonseam'gs..
,
Net
Earninga.
$60,026
118,949
Gross
$729,331
'359.764
928,011 1088.63,553
447
39.567
10,630
27,532
4,692
4,692
$131,191
IBCOME ACCOUNT.
$2,088,900
Totals
Joseph H. Choate and Charles Atterbury, of New
York, and J. S. Slick, of Rochester, Ind,, appeared in the
interest of the Chicago & Atlantic Railroad to oppose the
$134,030 motion, and Col. J. J. McCook, of New York, represented
>
1885.
Jfcl
Oroff
Earnings.
Earnings.
$757,460
110,077
322,427
562,236 1088.26,427
7,937 108«.2.096
7,059
24,651
4,729
4,729
$1,679,440
$227,373
Ketearnings
Add Income from investmeots
^^^I'lll
b,7Dd
,„„,
1885.
*227.373
10,743
Total
Lesg interest on bonds
Less interest, discount and excliange
$137,944
$23-^,116
^'^'VJk
9,885
209,940
2,432
1884.
$219,825
$212,372
def. $81,830
Surplus or deficiency
Increase in 1885 over 1884
Royalties earned and credited to coal, coke
and real estate capital accounts during the
$54,173
year, included in operating expenses
8ur-f„25-744
$107,624
o^n
a.-,
$ol,a4u
GENERAL INVESTMENT NEWS
Atlantic & fPaciflc— Arizona Mineral Belt— Circulars
have been issued by these companies repeotively. The circular
&
P. Company, calls the attenof President Nutt, of the A.
tion of his stockholders to the loan offered by the Arizona
Mineral Belt Company, and Messrs. W. B. Strong, President
Santa Fe Company, and E. F.
of the Atchison Topeka
San Francisco ComWinslow, President of the St. Louis
pany, attach their names in approval of the traffic guarantee
proposed to be given to the Arizona M. B, Co. for the payment
of interest on its bonds.
The circular, No. 1, from the office of the Arizona Mineral
Belt Company, No. 95 Milk Street, Boston, recites that the
northern division is located from a junction with the Atlantic
Pacific at Flagstaff, in a southerly direction to the town of
Globe, Gila County, Ar., 180 miles. The first 75 miles which
it is now proposed to build runs through pine|]forests, estimated to contain 153,000,000,000 feet of timberlfand through
mining and grazing lands. The southern terminus will be at
a point to attract business from the Tonto basin and the Globe
The circular
districtj which amounts to a large sum yearly.
&
&
&
further says
By the terms of the "guarantee
Of
this
sum
siit
$5,000,000 of the foreign bondholders, who also protest
against the appointment of a receiver. Ex-Senator McDonald,
of Indiana, and Benjamin H. Bristow, were the counsel for
the Erie road, while H. B. Turner, of Turner, Lee
McClure,
New York, represented the Farmers' Loan &
by whom the motion was made.
traftio
hundred and
thousand dollars
fifty
($650,000) have already been pledged, and arrangements perfected for
prosecuting the work of construction necessary to obtain the countersignature of the bonds under the following well-guarded plan;
The bonds cannot be Issued or delivered until countersigned bv Isaac
T. Burr, President of the National Bank of North America, of Boston,
trustee, who wUl countersign the same only upon completed sections of
the road, of say ten miles each, and upon proper certification that the
rails have been laid.
When the road is completed in sections and the bonds are countersigned, as above provided, they will be delivered to the sub
scribers at each allotment in proportion to the number of miles built
The first 75 miles of the road are to be buit during the year A. D. 18S6,
and the bonds to commence bearing interest Jan. 1, A. D. 1887.
I'hese subscriptions are asked for the prrrpose of raising the $100
000
necessary to complete the first 75 miles of the road but all subscriptions offered may be accepted or rejected at the direction of the cornp»ny.
Eight f hares of full paid and unassessable stock of the " Mineral Belt
Construction & Improvement Company," of the par value of
$100
each, wrll be sold with each bond of *1,000, which together
shall be
termed a " block.
;
the last year.
Mr. Turner then read a number of affidavits denying the
charges that the Erie had diverted freight from the Chicago
& Atlantic, and setting up the counter-charge that the Chicago
& Atlantic had broken the traffic agreement. Judge Gresham
reserved his decision.
Chicago & Northwestern.— In our editorial columns will
be found an extended article on the gross and net earnings of
this company for the first seven months of its fiscal year.
The figures are from official sources, and covering the period
from June 1 to Deo. 31, 1885, they give a good indication of
what the income account may show for the full fiscal year
ending May 31, 1886.
Cincinnati Indianapolis St. Louis & Chicago.— The gross
and net earnings and charges for January, and for seven
months since July 1, have been as follows:
January.
the Arrzona Mrneral Belt Railroad
Company
'^°' ^°'''
Gross earnings
Operating expenses
-,
1883.
$195,995
117,601
Net earnings
Fixed (harges
$78,394
50,000
—
July 1
to
1885-86.
Jan. 31.
—
1884-85.
$203,444 $1,419,836 $1,548,610
134.096
852,768
967,963
$69,318
50,000
$567,068
3.50,000
$580,647
350,000
in
lus
$28,394
$19,^48
$217,068
$230,647
(I (vcland & Canton. There is a contest for the control of
this road, and parties said to represent 15,000 shares held a
conference with Austin Corbin, who is opposed to the present
management. Proxies for use at the annual meeting in May
are being solicited in favor of Austin Corbin, Joseph B.
Thomas and Albert N. Parlin. Mr. Corbin's plan in brief
contemplates the raising by a sale of five per cent first mortgage bonds of the road at par of |1, 000,000, which is to be
applied to changing the gauge of the road to the standard
gauge, equipping the same, and connecting it by proper traffic
arrangements with the system of railroads now under Mr.
Corbin's control, and to the adjustment of the claims of
certain equipment and terminal trusts, which is necessary to
the economical management of the road.
—
A
Denver & New Orleans.—
dispatch from Denver says
that owing to a decree of the Circuit Court of the United
States the Denver
New Orleans Railroad will be sold on
March 18. The cause of the sale is the inability of the read to
liquidate a debt of $3,117,112 held by the Mercantile Trust
Company of New York,
&
—
Elizabetlitown Lexington & Big' Sandy. The statements
company for the years ending Dec. 81, 1885 and 1884,
of this
compare
as follows
:
1885.
Gross earnlhgs
Operating expenses
Net
Interest, rentals
PKOPOBAL.
For .ach $850 cash, payable within ] 5 days
&
Trust Company'
Mr. Turner opened the proceedings by saying that he
appeared for the holders of $10.5,000 of the first mortgage
bonds of the Chicago & Atlantic road, who had requested the
trustee, the Farmers' Loan & Trust Company, to ask for a
receiver.
He said that the Chicago & Atlantic was insolvent
and without any means of paying its indebtedness either on
the money loaned or the interest on the bonds. 'To show that
the road was insolvent he read the reports of the Auditor
made to the Secretarys of State of Indiana and Illinois.
Mr. Atterbury maintained that it required a majority of the
bondholders to begin proceedings for a foreclosure, and not a
small minority of $105,000 of the $6,500,000 bonds. He put in
a number of affidavits, and characterized it as a scheme on
the part of the Erie road to gobble up the Chicago & Atlantic.
He then read an affidavit from Hugh J. Jewett, formerly
President of the Erie and now President of the Chicago &
Atlantic, showing that the former road had not kept its
agreements, and had sent very little freight over the latter in
1886.
contract" entered into between
the Atlantic & Pacific Railroad Company and the Arizona Mineral Belt
Railroad Company, tlie latter is allowed a rebate of 30 per cent the first
year, 25 per cent the second year, and 20 per cent thereafter on all
joint through business, which sum. together with 50 per cent of the
gross earnings of the Arizona Mineral Belt Railroad on such Joint
through business, or so much of said funds as may be necessary, is to be
retained and applied by the Atlantic & Pacific Railroad Company to the
payment of the interest oa our bonds, the surplus to be invested and
held as a sinking fund for the payment of the principal, as provided in
said contract.
The Arizona Mineral Belt Railroad Company will issue, upon its said
northern division, its first mortgage bonds at the rate of $20,000 per
mile, bearing 6 per cent interest, principal and interest payable in gold;
and for the purpose of providing means for the full completion and
equipment of Its said line, will receive subscriptions for said bonds in
accordance with the terms set forth in the "proposal" which Is given
below.
To compjlete the first seventy-five miles of the Arizona Mineral Belt
Railroad, including telegraph line, water service, and a fair equipment
of rolling stock, will require one million and fifty thoirsand dollars
($1,050,000).
XUi.
road.
BAHNINGS AND EXPEN8BS,
,
[Vol.
after notice of allotment,
'"""«"•"
will deUver'*'""''' '"'"'"« "*' ^'"'^ ^<'
Surplus
and taxes
1884.
$706,943
433,694
$762,628
504,575
$273,248
248,165
$258,053
224,717
$254)82
$33,33»
Illinois Central.— At Chicago, March 10, the thirty-sixth
ru*n\'?n7er;'si* paraWe"h"affTe^ir''
""''' "' '''' *""''*' ^'" Construction Aim- annual meeting of the stockholders of the Illinois Central
P^lement'crX'.'
Railroad Company was held. The unusually large number of
»"'l «" subscriptions must be made
fJ"*>.?:S.w.'^'''??,*""H^
1,501 stockholders, owning 203,978 shares, was represented in
for
"blocks " at the rate *J'i'„'2<"^'"
of $850 each.
j
Eddy
person or by proxy. The annual report of the directors was
President Arizona Mineral Belt Railroad Company
read and approved. The action of the directors in issuing
'^ofopany will, on and after
Mo,"i!'?7'""is"«fl^*^"*'"'?l°-~'^^'''
$1,500,000 of 4 per cent gold bonds and $2,500,000 of SJ^ per
March
17, 1886, issue its registered mcome bonds in
exchange
cent gold bonds, and in causing them to be secured under the
for the receipts of Warren Sawyer, trustee for
the first mortpge bondholders. The last coupon on the first mortgage mortgage of August 10, 1874, was approved by the unanimous
vote of the stockholders present. John Elliott of Messrs. Riggs
Bonds was paid Jan. 1,1884, and the interest accrued
since
Co., Oliver Harriman of Messrs. Low, Harriman & Co., and
that time to March 1, 1886, the date of the
income bond! Levi P. Morton of Messrs. Morton, Bliss
Co., were elected
amounts to $130 on each bond. The company will
therefore directors of the company, to serve until 1890.
debver f 1,130 of mcome bonds for each $l,bOO of
receipts sur^
Apart from the Dutch syndicate, which for many years has
rendered
Scrip will be issued for fractional parts
of $1 000
shares are
'°*° »°^"™® bo°<^s in amounts of $1,000 or m'ulti- represented a large number of small holders, the
owned by 2,795 individuals, firms and corporations, C-,106 of
pS\h
f
whom hold less than 100 shares apiece. The average holding
«#*i5'''??"?.*A***''*'<'-— ^* Chicago, March 8, Judge Gresham
The number of American stockholders
is less than 86 shares.
. '"*^'^^^*«''G''-<'"'t Co«rt
heard the
«1^appomtment of a Receiver for the Chicago motion for the is 1,195, against 1,066 last year and 801 in 1884, and they now
& AtCtic^l! hold over 35 per cent of the entire capita'.
w
&
&
L
f
:
Makch
18,
Loulsrlllo
ings of the
OroM
THE OHRONICLK
1886.J
Now Orleans & Tex«8.—The gross and
company
for the year 1885
were aa below
net earn-
NetaaroluKt
$367,ft70
Memphis & Cliarleston.—The gross and net ^rnings
January and for seven months from July 1 have been
;
OroMearnlnm
OpentlDg expenwa
Net
cariiiiiKS
January.
.
A Han rrancisoo.— The ntiultof opwatiomi for Um
year 1880, as oompare<l with 1884,
:
$1,397,677
1,030,007
enrnliiKit
Op«raUiigcx|)eii«M
St. Loais
330
^-July\(oJan
for
Averac* mlleag*
Orou MunlDKI
stated bi1«flr aa follows:
is
18H5.
lRg4.
81S MiIm.
780 MIIm.
Inc. or Du.
Ia«. aDltnw
Operating exponMl
$4,383,400 $4,643,090 D«o. $360,100
l,80U,e33
l,e9S,S77 Oeo. t43,>44
Net enmingi
Tuxea knd ImproTsments
$3,877,773 $3,600,019
140,113
181.801
Dm. $1 16,34a
Dm. 41,6$$
31.-^
1886.
1885.
1885-86.
1884-85.
$115,167
SS-SLS
$141,366
163,060
$843,691
$1>U.017
.'(61,781
707,.%70
$3 1, 352 def. $2 1, 694
$281,910
$207,377
Missouri Pacific— St. Louis Iron .tlountain & Soatherii.—
At the annual meeting of stockholders of the Missouri Pacific
Railway iJoinpany, held in St. Louis, a0,139i^ shares were
represented personally and 352,8771.2 shares by proxy, out of
the total capital stock of tlie company issued and outstanding,
amounting to 399,748 shares. The following directors were
electeil for the ensuing year: Jay Gould, Russell Sago, George
J. Gould, Henry G. Marquand, George J. Forest, Samuel
Sloan, A. L. Hopkins, R. S. Hayes, Thomas T. Eckert, Sidney
Dillon, Fred L. Ames, S. H. H. Clarke and H. M. Hoxie. The
proposition to increase the capital stock of the company by the
amount of $6,000,000, or to issue $6,000,000 bonds in lieu of issuing such stock, was approved.
BaJanoe
Interest charge,
reniala,iSio
$3,483,661
linking fond*,
1,736,160
$3,508,318
1.811,610
Dm. $74^*7
Dm. 78,44$
Surplus eamlnga
$607,406
$696,608 no.
$888
Scioto ValleT.— The holders of the consolidated mortgage
bonds of the Scioto Valley Railroad Company have appointed
Messrs. John W. Ellis, J. W. Archer. R. T. Colburn and Hugh
L. Cole, of New York, and Evans L. Dietz, of Philadelphut,
as a committee to protect their interest and to take whatever
steps are necessary to reorganize the road.
Union Pad fic.-The land sales for February and for two
months have been as follows
I
:
1880.
.
February—
Union Division
Kansas Division...
Aeret.
240
Total
Decrease In 1886..
,
10,971
56,090
11,211
$56,810
35,023
$6':,43g
1888.
,
Amount.
720
.
Aeret.
Amomtt.
23,558
22,670
$84,483
84,817
46,234
$110,399
The annual meeting of the stockholders of the St. Louis Iron
1886.
1885
Jan.l toFeb.2S—
Aeret.
Amount.
Acre*.
AmmaU.
Mountain & Southern Railway Company was also held at the
Union Division....
1,<J60
$6,120
55,828
$S2,651
same place. Following are the directors elected for the ensu- Kansas
Division...
19,638
99,151
31,122
132,220
ing year: Jay Gould, Russell Sage, George J. Gould, Samuel
21,.'>03
Total
$105,574
Shethar, John T. Terry, Duncan D. Parmely, A. L. Hopkins,
86,950
$214,880
05,352
$109,306
R. S. Hayes, Henry Whelen, R. J. Lackland, R. C. Kerens, Decrease lu 1886.
Geo. W. Alien and H. M. Hoxie.
Western Union Telegraph.—The quarterly statement for
The annual reports were taken up, but, being incomplete, the quarter to end March 81 has just been issued. The actual
were not acted upon, and probably will not oe until next figures of net revenues for the quarter ending Dec. 31 were
month, when the directory of each road will meet in New $235,441 below the estimated figures published for that
York lor the election of officers.
quarter, being $1,014,559, against the estimate of $1,250,000.
For the current quarter ending March 31 the estimated
^ew York Chicago & St. Louis.— In the Nickel-Plate litigation the Lake Shore & Michigan Southern Railway presents figures are given below in comparison with the actual figures
a heavy claim for services furnished Nickel-Plate from Nov., for the corresponding quarter in 1885. The quarterly dividend
A large part of the services consisted was IJ^ per cent, payable in scrip.
1882, to March 1, 1885.
iHiarler ewiing March Z\.
in handling of Nickel-Plate freight at Chicago and Buffalo,
Aeliial\%ib.
£<Mni. 1880
$1,358,876
$1,050,000
and the amount due the Lake Shore Company March 38, 1886, Net revenue
.
is
Stocli
.
.
Deduct —
stated at $370,614.
New York
.
Exchange.—The Gtovemors
Interest on bonds
of the Stock
Sinking fund
Exchange have admitted to dealings the following securities
Total
Belleville & Carondelet Railroad Company. First
mortgage 6 per cent bonds, due June 1, 1923, for $485,000.
Xet income
Illinois Central Railroad Company— First mortgage Lcssdlvldend
gold 4 per cent bonds, due January 1, 1951, for $1,500,000.
for quarter
Mexican Tkleurapu Conpany.—Capital stock $1,500,000, AddSurplus
surplus for Dec. 31
—
$123,763
19,991
$123,500
$143,759
$148,401
19,991
:
(IJap.c.)
$1,215,117
$906,509
1,199,841
(macrip)
$15,276
4,231,667
$906,509
4,102,180
$4,246,913
$5,008,680
in shares of $100 each.
Pennsylvania Railroad.- At the annual meeting of
stock-
held in Philadelphia, the authority to issue 300,000
new shares of stock ($15,000,000), when it may be required,
was granted by the following resolution
Xesolved. Thar, lu accordance with the request just presented, ihe
holders,
:
stockholders hereby authorize the board of directors of the company
to Issue from time to time three hundred thousand (300,000) shares »t
the capital stock of the company, the said shares to be issued, apportioned and disposed of as the directors may d«em for the best Interests
of the company.
In explaining the request for power to issue additional
stock. President Roberts spoke at some length, prefacing his
remarks by saying that it was but fair to the shareholders
that gome statement should be made about the means of providing for the wants of the company. " The company will
begin to decay,'' explained the President, "the moment we
arrive at the point where we will not recjuire more money for
the capital account. The last time a similar request was
made was in 1881, when most of the money obtained was
used in the purchase of the Philadelphia Wilmington
Baltimore Railroad.
small amount remains, but if anything
A
&
should occur between this and the next annual meeting by
which it would be necessary to defend the interests of the
company with share capital, there would not be a sufficient
amount on hand to be of any material service. If the management in the' past has abused this privilege when it was granted,
it is the duty of tlie shareholders to put in other men.
But so
long as the managers ask for wliat is for the best interest of
the shareholders their request should be granted, and they
will hold themselves responsible for the proper use of the
funds. I would like in conclusion to say a word about the
Schuylkill Valley Road. It has been a source of great anxiety
to the managers, but I am glad that I can now say that it has
been of more value than what it actually cost twice over."
Philadelphia & Readlng.—The great plan of reorganization yet remains to be made public. The only item in regard
to it this week is the report that the provision in regard to
control of the company for five years was modified so
that the property should revert to the stockholders during the
reconstruction period within twelve months of the earning of
a dividend of 3 per cent on the stock. This change was not
accepte<l by the syndicate, and it is reported that the original
plan will be adopted.
Qnlncy Missouri & Pacific— The United States Circuit
Court has granted a final decree of foreclosure and sale against
this road, and has appointed a Master to make the sale after
the necessary advertising. The road extends from Quincy,
111., to Trenton, Mo., 136 miles, and was
formerly part of the
Wabash
systeiii,
Surplus March 31
No
cash dividend for the current quarter was declared, but a
scrip dividend of \% per cent, under the following resolutions:
Resolved, That a dividend of one auil ono-lialf pr*r cent i>e declared on
the capital stock of the Company, to bo Issued on and after the 15th o
April proximo to the stockholders of record at the close of the books of
transfer on the 20th of March instant, in certiticatcfl of indebtedness,
l>ayable in the capital stock of the Company at par within twelve
months, or when the Company 8h.iU have obtained authority to Increase
its capital stock and until so paid the said certificates to bear Interest
at the same rate and payable at the same time or times and lu the same
manner aa the Company shall pay dividends on the capital stock. Suoh
certitlcates to be transferable on the books of the Company.
Resolved, That for the purpose of the dividend hereby declared, the
stock books of the Company be closed at three o'clock on the afternoon
of the 20tb Uarch instant, and be re-opened on the morning of the lat ol
April next.
;
The reasons for the declaration of a scrip dividend are stated
in the official circular of President Norvin Green, as follows :
"The falling off in the net revenues for the last quarter was
in the cable, commercial news and ({uotation service. There
was a large increase of expenses for taxes, and cable and land
line repairs, which are beyond control.
The receipts for regular inland commercial messages have been well maintained,
the weekly receipts therefor at test offices (which include
those at all the principal business cities and towns, and all the
important points reached by competing lines) showing an
increase of $31,176 over those of the corresponding quarter of
the previous year.
"The winter has been a very hard one on telegraph lines,
occasioning unusual expense for maintenance, and many and
protracted interruptions of wires for handling business. Notwithstanding such frequent interruptions by storms and
floods, the ten weeks of the pre.sent (juarter since January 1st
show receipts for inland coiumercial business of the test
offices equal to those of the corresponding weeks of last year,
whilst our cable business is recovering from its depression.
The volume of inland commercial messages handled is greatlj
in excess of the previous year.
" Of the surplus at the close of this quarter of $5,008,688, as
shown in the statement, there have been invested in the construction and purchase of lines and other telegraph properties
up to the beginning of the quarter $4,388,986, which will
probably be shown to have reached four and a half millions
by the close of the (luarter, with a probability of re<iuiring
further investments of considerable sums at an early date.
" It is therefore recommended to pay no cash dividend. But
the surplus invested in the plant may be capitalized by the
issue of additional capital stock, and distributed pro rata to
the stockholders to whom it belongs, which has been held by
the Court of Appeals to be a legal and proper method of njtt
resenting it.''
THE CHRONICLE
340
H^hjc
Mil.
[Vol.
COTTON.
HmmnztcxKl Simes.
Friday, P. M., March 13, 1886.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (Marcli 12), the total receipts have reached 62,129
bales, against 68,228 bales last week, 92,867 bales the previous
The Movement of the Crop,
COMMERCIAL EPITOME.
Friday Night, March 12, 1886.
The troubles from strikes this week have been serious in week and 102,534 bales three weeks since; making the total
many sections, and on the Southwestern railways (known as receipts since the 1st of Septemter, 1885, 4,660,431 bales, against
the Gould roads) as well as at the bituminous coal mines of 4,489,481 bales for the same period of 1884-85, showing sn
increase since September 1, 1885, of 179,950 bales.
threaten to cause much embarrassment to
the Middle States,
general trade, especially if the disagreement be prolonged.
The weather has become spring-like, though the temperature
was rather low for the season, and but little progress was made
in the resumption of inland navigation. There is very little
prospect that Congress will take any action at present upon
measures having direct or indirect effect upon values.
The speculation in lard has been fitful and prices were variable and unsettled. The appearance of strength to values was
was neutralized largely by the decline in corn. To-day the
market was quieter but firm, closing at6'30c. for April, 6"33c.
for May, 6-38c. for June, 6-45c. for July, 6-51c. for August and
Lard on the spot has been more active
6'56c. for September.
at better prices, closing this afternoon at 6*25o. for prime city,
6"30@6'3oo. for prime to choice Westeru and 6'60c. for refined
for the Continent.
Beceipts
at—
M<m.
Sal.
aalveaton
Tue>.
Thurt.
yfed.
rri.
Tolat.
278
1,609
571
296
8
1,444
4,206
912
677
4,357
1,190
7,790
2,038
2,932
3,434
171
1,335
1,573
1,799
1,637
2,154
9.'»7
555
568
21,493
2,166
37
9,966
243
5,073
588
183
158
74
Indianuia, &o.
New Orleans...
MobUe
80
Florida
37
Savannah
Bnmsw'k, &o.
Charleston
Pt. Royal, &o.
Wilmington....
1,468
388
245
Moreh'd C.,&o
Norfolk
1,261
1,304
1,107
577
1
256
40
136
617
9
1,936
161
659
153
751
810
17
2,380
100
6
250
205
30
816
43
776
452
943
745
New York
51
Boston
Baltimore
WestPolnt.&c
Phlladelp'a, &o.
243
762
538
417
809
1,382]
1,465
153
6,442
3,457
117
5,273
816
634
Pork has been dull but about steady, closing at $9@ |9 50
Totals this week
5,792 13,081 12,746
7,939 8,352 14.220 62,129
25@|10 50 for old mess, $11 50@$11 75
For comparison, we give the foUovring table showing the week's
for new mess, $11@$11 25 for family and $12@$12 50 for clear.
total receipts, the total since Sept,l, 1885, and the stock to-night,
Cut meats have been more active at steadier prices; pickled and the
same items for the corresponding periods of last year
bellies close at 5i^@5^gC., pickled hams 8@8J^o. and shoul1885-86.
1884-85.
Stock.
ders 4}^c.; smoked hams 9J^@9i^c. and shoulders 5@5^^o.
Beceipti to
This
Since Sep.
ThU Since Sep.
Beef is nominal at $10 for extra mess per bbl. and $17 50@|18
March 12.
1886.
1885,
Week. 1, 1885.
Week.
1, 1884.
for India mess per tierce. Beef hams are quiet at $17 50@
4,206 641,624
1,696 416,429
45,353
26,427
$18 per bbl. Tallow has been fairly active at 4i^o. Stearine GlalTeston ...
for extra prime, $10
.
is
quiet at
6%@ (>%c.
Butter
Cheese is firmer at
The number of swine slaughtered
is
unsettled.
7@10i^c. for State factory.
at the principal Western towns from March 1 to latest dates
was 106,000, against 108,000 for the corresponding period
last season.
The following is a comparative summary of
aggregate exports from Oct. 26 to March 6 for two years
:
1885-6.
lbs. 17,062,600
lbs. 182,913,042
lbs. 103,352,533
Pork
B&bon
Lard
1884-5.
19,458,000
194,738,276
114.089,399
Deo.
2,395,400
Deo, 11,825,234
Deo. 10,756,866
Coffee on the spot has been active and advancing. Rio on
the spot is quoted at 8J^c. for fair cargoes, but the business
has been most active in the mild grades. The speculation in
Rio options has been active at buoyant prices, which, however, received something of a check to-day, and the close was
with sellers at 7-20c. for March, 7-20c. for April, 7'30c. for
May, 7-15C. for June, 7-20c. for October and 7-25 for Dacember.
Raw sugars have been drooping and declined to 4 15-16c
for fair refining Cuba and 5S^c. for Centrifugal, 96-deg. test'
but the lower prices were attended with great activity, several thousand hhds. of standard Centrifugal have been
sold
at S 3-16@3J^c. c. f. i. Refined sugars are fairly active
at
6^c. for stanflard crushed. Molasses declined to 19c. for 50deg. test, at which several cargoes were sold yesterday
and
to-day. Teas are without new feature.
Kentucky tobacco has been quiet, and under receipts of
1,705 hhds. this week, prices are barely sustained, with leaf
quoted at 7i^@llc. Seed leaf has met with a very
fair
demand, and sales for the week are 950 cases, as follows
SOO cases 1881, Pennsylvania, 9@12J^c.; 200 cases 1883
Pennsylvania, private terms 200 cases 1884, Pennsylvania
Havana
;
18^> Ne^ England Havana seed
cases sundries, 6@30c.; also, 400 bales
and 200 baits Sumatra, $1 35@$1 60
Spirits turpentine on the spot has been dull and
droonine
and the speculation has subtided. The closing price
on tiTe
spot IS nommally 50c., and prices of futures are
not mad"
Roeins are quiet at $1 05@$1 10 for common to
good
Tne speculation in crude petroleum has been dull andstrained'
latterlv
prices are weaker under an increased flow
of wells, closin'ethis afternoon at 77%@773^c.; crude in
bbls. quoted at
Ja^ refined bbls. at 7Mc., and in cases W2@Q%<i.; naphtha
f«^in^®^''°'j
lB<a80c., and
1^^
150
Havana, 60c.@$l
"""^^^
05,
At the Metal Exchange to-day pig
iron certificates were
with sellers at $18. Tin steady at
20-70@20-80o on the
spot and 20-60@20%:c fur futures. ^Tin
plate steady at $4 25
$4 35. Copper quiet but firm at 11-45® 11 -550. for Lake
10c
bid Baltimore and 10-05C. P, S. C. Lead
steady at 4 sVx®
4-9oc. for domestic and
4-85@4-92J^c. for foreign.
dull,
firm at 4-47J^@4-65i^c. for domestic.
active,
^ ^
Sneller
'•^^
especially in erain shin
'''*'"'• '\'"' b"^'°^«« to-day
[ndudedUve?:
^ctS at lUa^'n';
pool
25id., Glasgow at S^d. and Hull at 4d., and
yesterdav
dim tr/oTP'
^W-''- *" Amsterdam and BJ^c. to Rotter^
''"' Baltimore to Cork.for orders,
1'everaUteam-
*«Tat t^3d
Mobile
Florida
781
.
2,166
Savannah...
37
9,966
Br'8w'k,&o.
Charleston
5,073
...
229,378
48,158
718.635
14,773
438,178
11,916
93,066
5,458
475,289
235,061
49,140
82,050
38,522
31,408
502,0-50
89
6,225
326
92,484
9,572
529,636
269,923
55,833
76,061
25,808
35,882
62,1294.669,4311 43,581 4,489.181!
1,465
153
6,442
3,457
Boston
Baltimore ...
PhUadel'a,&o
5,273
117
816
631
I
21
10,367
22,184 1,428,161
715 224,351
1,299
73,630
1,992 693,374
8
9.692
1,822
588
Norfolk...
W.Potnt,&o.
New York...
Total
1,355,994
243
Pt.Eoyal,&c
Vllmington.
M'headO.,&c
65
3,937
1,359
2,708
1,675
1,120
1,515
318,007
41,171
2
50,960
62,200
447
250,375
25,776
2
22,206
8,Ol30
16,489
45
1,041
42,117
16,664
269,094
6,310
29,325
17.850
343,321
6,310
16,228
10,303
930.901
736,103
418
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Reeeiptt
at—
1886.
Qalvest'n.&o.
New Orleans,
1885,
1,717
22,184
Point, &o.
AU others....
4,206
21,493
2,166
9,968
5,661
1,618
6,442
3,457
7,120
1,992
1,911
391
3,937
1,359
8,32J
Tot. this w'k.
62,129
42,581
MobUe
Savannah....
&o
Wllm'pt'n, &o
Oharl'st'n,
Norfolk
\V.
715
1884.
we
1883.
1882.
1881.
4,476
9,063
4,073
9,895
6,239
1,640
10,631
12,611
42,447
5,562
10,186
8,945
6,460
1,945
11,331
15,178
41,261
2,817
10,850
9,602
1,935
12,687
3,5S9
13,259
1,477
9,960
11,496
2,198
13,833
49,876
111,181
57,454
108,200
5,056
13,752
2,507
3,396
4,853
713
922
Btnoe Sept. 1. 4669,431 4489,481 4485,924 5117,721 4174, 68<» 4918,420
\
(Jalveston includes Inrtianola; (Jharlo^ton influiles Port Royal, &0.I
Wilmington includoa MoreU'd City,&c.; West Point iucIucJes City Polnt.&o.
The exports
week ending this evening reach a total
which 59,070 were to Great Britain, 2,778
to France and 44,344 to the rest of the Continent.
Below are
the exports for the week and since September 1, 1885.
for the
of 106,192 bales, of
Wu\ EnUm
Ortat
Brit'n.
Qalreston
New
March
Ii.
From
Sept.
Exported to—
BxtorU
eij
m
Ocean freights have been
Ind'nola,&o
New Orleans. 21,193
Orleans..
MobUa
fVance
Conti.
nent.
TbtuI
Oreat
Week.
Britain.
3,911
5.105
9,016
21,433
6,391
6,030
28.73tf
4,365
16.029
211,229
1, 1885, to Mch.
Exported to—
**«"16,315
547,1)92 239,293
6,3iil
S6,358l
94,123
...
Continent.
73,011
13, 1886.
Total.
303,813
828,811 1.116,126
88.3S9
Florida.
Barannah
....
10,186
20,394
10,48«
WUmington...
1,200
1,200
OharleslOD
276.275
lsl,833
878,650
271,147
166,100
23,181
1.319
173,107
S4.2ii9
18,911
51,240
18,ail
293.979
136.896
4.738
90,370
71,918
30,131
462.40
91.011
Norfolk
West Point...
New York
Boston
Baltimore ....
14,5TS
602
8,761
4,738
2,888
2.7S0
6,s;8
PtaUadelp'a,&o
999
73,01
8,252
19,297
40,166
B74
1,635
18,883
4.301
63,350
95.16
81.785
Total
69,070
41,311 106,192 1.703,431 313,877, 1 ,066,191 !3,lJ62,192
Total 1884-R6
4<r.lg'5
i.i.iai
BR
S.IT 2.03fl.S7^
a.if) 37.1'
«9!!
»1 3.258
148
^
.
Kabch
18,
«
K
1
THE CHRONKJLE.
1886.J
In addition to above exports, our celegraniH to-night also give
OB the following; amounts of cotton on Bhipl>uard, not cleared
add giuiilur tigures for New York'
•t tho porta named.
which are prei)ared for our 8|iecial use by Messrs, Carey, Yale
ft Lambert, 80 Broad Str>>et.
We
841
Vh« Salm and Pbiobs or Fotobm are ahowa by the follow
compn-henBivfi table. In the atateoMnt will be found the
daily market, the prioea of talea for Musb month each day, and
tbe oloMiuK bidn. in addition to the dally and total 1 '
ii,(
On BMpboard, not ettared—for
Ittawing
Uakcii 12, at—
Oreai
Britaiyi.
NeTOrleui*
25,785
1.000
4,300
2,000
o.i-'^
«,500
6,000
300
None.
None.
None.
10,8.10
None.
6.0JO
56.t>9i
60,715
23,018
20,987
9,550
123.270
807,631
52,025
45,957
11.781
11,726
23.361
28,267
6.839
13.170
94,006
99,420
642.097
T4 1,052
Vork
OtberporU
3,661
Nune.
14,151
None.
3,100
7,100
66.814
1.000
8.500
11,000
8 078
11,72*
900
l.'JOO
586
1.277
1,8U9
m.iTi
to arrive.
—
43.7.
>
<so
.
1
-
»!-;
6»,«
6%
7
''•'"le
Ordln'y.^B)
BtrictOrd..
Oood Ord..
8tr.
7",fl
838
«\
H\
7
OM Ord
Low
6»s
6liig
715,8! 778
St.,„
838
6»l«
Mlld'g
Btr.LwMidi 9
818
'
811,
8U„
9
9^1,
»3|«
9%
9««
9»18
9«R
Btr. GMMld 916,„ 91^6 9-'e
UiddV Fair lot,. 10S,9 IOI4
Fair
lUi.,« 101B,„ life
!
i
I
6i4
615,8
7^8
8»16
8'iie
,
93,,
9Js
938
9i3ie
She
9"itf
1018
10%
101«
lOis
iiie
Ills
61a
616,8
6ii,«
I
^•'e
81,6
8I4
8'8
85,8
8ii,«
Mldd'g Fair 1014
Fair
lOM
UOTa
|l0''8
9ie
9»i«
9'8
IOI4
lO'^a
611,8
7i«
'
!
81,8
8>«
8^8
...
MlddllDK....
....»lb.
'
MlddUng....:
101,8
107,6
638
71,8
7'8
838
I
o
tots
I
»g.
611,8
-4
>-
<ss>
»0»0
9
ll|B
Th.
Frl.
I
81,6
8i«
9\
101,8
107,6
llll«
9%
96,8
9%
9%
101,6
107,6
mon Tuea Wed
638
71,6
778
8»8
0'l6
1U,«
;
66,6
66,6
66',T
7
7
7
713,8
713,(,
7ia,8'
8»,B
I
713,6
80,8
KABKET AND SALES.
The total sales and future deliveries each day during the
week are indicated in the following statement. For the conTenience of the reader we also add a column which shows at a
glance how the market closed on same days.
ALBS OF SPOT AND
SPOT JMAKKBT
CLOSED.
Bat
Mon
Taes.
Wed
Steady
Finu
Tburs 8i.!Hdy
Frl
.,
Q.ilet at 1,6 deci.
(fillet
Quiet
Export,
400,
Oon-\
$ump' uffn
406
537
38d
489
34l|
lt)9^
TRANSIT.
Deliv
8i)ee- Trajj-
....
....
....
....
Total.
til.
>...
>.
—
,
Salet.
406 2n8,70O
937 195,100
3S^'l4«,l00:
489 16S.800
311II0S.600'
199,177,800,
Total.
2.360' ....
2.760!
1.070,1',0
The dally deUvenes given above are aotiiaUy delivered
ivioaa to chat on waicu tney are re,iorted.
1,000
200
•.•~i:
^
».o:
I
to
«to 2
c<iw-'
ODC
C.
UW
9
<??
cow
<
9
ecci
— ci
<o«s
cisi
5
QCC
-J
ceo
<
.
.
9
to
'
eiOio
03
to
(DCS
« -r § -o
u
>
tO'£,
CO
coo
03
Orf>
to
9
am'ro-r
ccco
;
MO
^
I
tou^to
coco
1^-1
MO
2 ^2
<D<^CCD
5
9
"^
9r'-
^
coco
9
MM
9
•»
*-to
"^
cosgcs
ceco
ticO
C:c«
I
I
I
c;,
--
:i
0O6M
9
*«
9
toco
oi
COQCi
5
9
Mit.
— to O
-J
rC9
-W—A
1
I
K'to
'
01
aiu:
I
A
03
«
:
I
9
•»
:
© Jt
.-CO
O
5CCO
5
co»
**
C'*3a
c-i
co-o
to
—
».«•
couOm
c;<a*
to
I
(OX
toe
**
«.«:
COtOc'-?
to to
cox
cctso'-?
o to tooo —
q>
too ^
^
'
CCtO
My»
9
Ml-
2
''
9V>\
I
©r:
en
CO,
CDCOo'-O
o=?
—
mmO
CO J
-J
we
5
«
,u.i.Cco
00 to
CJ>
»*-:
ce-ojcf
0, y,
•<
«.«••:
aa
*<
cs
Mto
~io
I
CCCCo'-O
?r
5
9 tito 9
•»
6mo6
mmOm
COM 'g
I
toco
CDh*
M ^^
2
MCO
5C
*>
cccco'^
«.»«.
cor o^
!
I
9
tctoOto
COCO
coco
"
^v>
CCȤC0
CT.
*»^
ci>i4
*•
I
5
60
:
COCOq'O
9
^
2
«,w:
to—
OO!
cetcosi
COCO
CO
•All
o
CCCD
».»:
to
9
b::o
CSS
15
mmOm
mmOm
bS03
OOOD
coco
cscscv
5^
CO
ccao?
C£CDo*.0
cicgOto ciiOei
— to C£
i9r;
I
it-
5nO(fa.
coc
UtO
0*1
erce o...
^
CO
to
-J
90=?
5
MM
CD
».-:
CCCOc^
<
to
6
to
9
itiP.
I
I
gleoM
^
(CO
I
10
0:
•<
9
1
•
'*
ti-o,:.
g>
CJ-
01
hO
<
3
•_
COCCo?
:
:
I
Ci
totoOto
^a
cs
1
I
I
IS;
I
1:
I
I:
9
I
I
I
I
9:
1
1
li
li
I
«:
1
1:
:
I
Includes Aaies la September, 18^5, for September, 130.200; 8«t>teinoer-October, fur Oatobor. 3.il.70(); Septriinbe.-.VovembBr. for .V.iveiuber,
416,400; BHtember-Ui^cember. for r>6oeiui>er, 92i.2oO; 8ei>te,uber>Jaiiuary, for January, 2,00i,2jv; Septeinber-February. for Ktibruary,
1,370.0>'.
Monday, 9-25o.; TiM«dar>
I'rAugferable Orders— Saturday, 9-30o.;
915i).; Wudueaday, 9 050.; ruuradiy, 9-000.; Friday, 8-9uO.
*
The following exchanges have been made during the week:
10 pd. tocxch. .500 May for June
44 pd. to o^oh. 3,100 Moli. 'or Aug.
I
JCO
toexcli. 1,000 .Sapt for June
ly.
to ext;h. Sou \i)rtl for
•J8 pd, to excU. 500 Moh. for Juue.
•01
pd
Ml
i)d.
M
|
I
-^d pd. to exeh. 10.» .M ly for Au«.
-2^ pd. to ex.ih. 200 .M.u. f.ir June
-It) pd. to exch. 2uO Junt) for Auj.
1,500
*
p
tries.
CSV
t^to^-<
S ^2
Frl.
611,6
718
8li«
8i«
8 79
918
6618
9Hl
101,9
107,8
111,8
7%
9>6
95,8
?"
:pqcd
o
«.»
i
«1',8
7I8
I
axs
^!'«
8i«
8^8
gi8
8»e
9^8
96,8
10!,
107,e
lll>«
I
718
Th.
sli'
S>s
?.>
9\
9^
Sat.
trlot Good Ordinary.
Low
»6,8
lll'i>.
STAINED.
Oood Ordinary
I
Wed
Frl.
»l8
918
99.8
9^8
l>
8H
938
938
i">ie
8is,e 9>»1« 9%
1018
IQie
101,8
1013
lOia
107,8
lli«
Ills
9%
ml
Oa<o
—o
I
89,«
816,,
lOiie
lO'ie
ll'i6
7%
i
6h
73l8
8i8
81a
{Wed Th.
FrI.
6\
8''8
9%
.
Wed Th.
7%
3: ^1
3: »
If^OO
ICtO'^lO
'JOS,,-'
TEXAS.
Tneii' Sat. inou;Tue«
8'«,e
Middling...
Good Mid
6%
7316
8i8
8»>8
:
:
'st^
Sep, at*
CO
S
81
NEW ORLEANS.
Mon
*i'te
OOOlo"'
»«>:
I
:
•
10—
2
I
Sat.
'
II*
a'2.
etc
<
00
—
UPLANDS.
Sat. iVon Toea
^wS^
•
39.960
37.280
80,393
278,441
each day of the past week.
March, 6 to
ilareh 12.
»
2:
i
and
in transit. Of the above,
bales
The following are the official quotations for
for speculatio
were
rioS"
2H1.i;h;i
The speculation in cotton for future delivery at this market
has continued very active for the week under review, but with
less excitement, and prices showing a narrower range than in
the previous week. A sharp advance at Liverpool was fol
lowed by an equally sharp decline, and Manchester advices
•were generally discouraging. The movement of the crop has
shown some reduction, not only at the ports, but at the principal interior towns, but as this is attributed in part to the strike
t>a the Southwestern railroads, it has little effect.
Yesterday
*here was a variable and unsettled market, the close being
slightly lower, underselling by outside operators who were retiring from the speculation discouraged by the quieter turn of
the market. To-day the reports from Ma'ichester were regarded a.s very unfavorable, and prices further declined about
10 points. Cotton on the spot has been dull, and though
stocks in this market continue comparatively small, quotations were reduced M6c. on Tuesday. To-day the market was
nominally uachanged, but weak and uasettled at 9J^o. for
middling uplands.
The total sales for forward delivery for the week are 1,070,100
tMdes.
For immediate delivery the total sales foot up this week
2,760 bales, inc'.- ding 400 for export, 3,360 for consumption,
—
?wS-
^£'<
1,000
3,850
JTorfolk
Total 1885
Total 1884
BtotkT
Total.
6,2 1.
8,91.'i
Ch»rlpslon
Baraiinab
Oalvedton
Total 1886.
Oo<utwtte.
22.718
None.
None.
None.
None.
None.
MoWlf
New
Other
FYane*. Foreign
the
IBK Visible Supply of CX>ttom to-ni^ht, aa made up by catil«
day and telegraph, is as follows. The Ck>ntmental stocks, aa well as
thoie for Oreat Britain and the afloat, are this week's returna.
.
;'
:
.
!
brought .lowr
and consequently aU the European figures are
the totals the comulett
to Thursday evening. But m make
exports fr n
agures for to-night (Moh. 13„ we add the item of
Friday onv.
"
States, includmi; ui it the exports of
lited
the United
U8o.
I8S6.
.
la.v of
3,200
40.200
*«fe emlina
2T.i'f0
March VI
500
1,0 10
2 000
,
•^'S'SPt
•i.OOO
81,000
5,000
5,000
327,700
420,500
7;'''S«S
Genoa
^
,'222
Ualveston
125,iiO(
210.000
6.000
55,000
,"1,000
„-'2X^
Barcelona
4.300
55,000
8,700
l.i,000
5,000
4700
419,600
27^000
Total European stocks .... 1 .01 6,700 1,444,500 1,528.100
225,000
128,000
India cotton afloat for Europe. -229,000
l,2.=i9,'?0<i
Trleate
Amer'n cott'naHoatforEur'pe 157.000
394.167
17,775
279.000
26.000
736.103
167,256
14,000
3,062.843
794,859
17.000
Ei?ypt,Brazil,.fec..atlt for E'r'pe
Stock In United States ports ..
Stock In U. 8. interior towns..
United States exports to-day .
930.il01
.
249,000
58 ,000
377,000
42.000
840.472
Amerwa/i—
.„. ^.,„
767,000
493.000
252.000
3 1 2.000
American alloat for Europe... '1.57,000
930.9i 1
tTnlted States stock
United States interior stocks.. 394,167
17,775
Uolted States exports to-day..
279.000
736,103
167.256
14,000
bales
81*1
S»8
S^s
8»e
815,
8%
8^
Orleans.
Mobile
Savannah
8"ta
.
.
Charleston
.
.
WUmington..
6%
8%
8»8
S»8
^'s
9»1«
Hl8
D39
8?i
868
8»8
8^8
8^
Norfolk
Boston
Baltimore
Philadelphia.
9^*
Sf-ia
g^
88«.515
'J67,608
llnelnnati...
S=8
858
8-8
S»8
s
658.000
1^7.000
387.000
768.000
32 .000
377,00
g40.47J
17O,?09
2i)7,'i0-i
i.'.oao
22,400
88ti.545
LoulaviUe
223.000
15.000
75,700
3 1.000
278,500
62.000
98.60U
225.000
42,000
108.500
128.000
26,000
229.000
17.000
262.000
08.300
84,' 100
219.000
42.000
519,500
706,100
705 3(0
515.700
2,547,113 2,275,359 2,19 ,631 2,608,553
*0
for
each
<
FH.
JVi«r«.
3,0a?.313 2.791.859 3.197.781 3,313, SS.j
Total visible supply
SS^d
i\''el.
413, „d.
5i5ifed.
Price Mid. Upl., Liverpool....
10i5,80.
IOI40.
Qise.
llSisC.
Price Mid. Upl., New York....
815i6
9I',„
8",
%\
81 lie
8%
859
8%
834
859
613l6
95l9
9i«
938
8%
Receipts from the
5Slfl
91s
938
8i5ia
8»,8
811,8
Silie
8%
8%
858*34
8588%
i:5a
i?
858
8\
Plantations.
—The
9^4
91s
938
659
938
g"*
858
8'e
834
858
8 '8
S5s
S?J
8»a
8%
858
B%
9M
&l8
858
8'9
S's
8\
8%
following tabl&
indicates the actual movement each week from the planThe figures do not include overland receipts nor
tations.
Southern consumption; they are simply a statement of theweekly movement from the plantations of that part of the cropwhich finally reaches the market through the outports.
wuk
179.000
Wednes.
858
S-'is
"97.781 3.313.853
>
yew
3t, I>0Ul8
22,400
1
...
Receipta at the Portt.
Ending—
1884.
EKypt, Braxll. *o., afloat
Total East India,
Total American
Tvt».
Memphis
2,517,143 2,275,359 2,491,681 2.608.553
Total American
Xatt Indian, BraztC, <«c.—
Liverpool stock
London stock
Oontlnental stocks
India afloat for Rurope
Moi.
Augusta
follow
Of the above, the totals ol American and other descriptions are as
Liverpool stock
Continental stocks
CLOSINO qOOTATIONS FOR HIDDUSO COTTON
Salur,
4':,000
!
170.209
15.000
3,
the closing ({uotations of middling
and other principal cotton markets
900
2,3ii0
1,000
213,000
,,1'^n^
we give
the past week.
d'^,000
7.600
50,100
^^-^^S
400
TotM visible supply
Quotations fok Middli.vo Cotton at other Markets,—
In the tal)le below
cotton at Southern
983.300
*2-?
Total Continental stocks
same towns have been 11.436 bates more than the sameT
week last yoar, and since Ssotember 1 the receipts at all the
icwna are .54"),43;) bales more than for the sametimt in i884-5,
4.000
69.300
54.000
Bremen
Amsterdam
Marseilles
68.300
[Vol. XLIl.
the
639.110U 1,021,000 l,!0.'i,oO0
*''li„
Rottordam
Antwerp
Havre
S2...000
9.«0.0<i^
a4,o00
I5.(0J
Total Great Britain scocn
etockat Hamliurg
IMSS.
18"-l.
LO^H-gOO
674,«00
^*le.
Liverpool
Stock at London r.
Stock at
Stock at
Stock at
Stock at
Stock at
Stock at
Stock at
Stock at
Stock at
e
8
THE CHRONICLE.
S42
8««k»t
2
.
;
5
111.181
•'
12
105.021
••
1»
65,013
"
26
76.187
6
fSf.Tia
U
49,S76
Feb.
Mch.
"
1886.
1886.
St^tt
at Interior Towns. Rec^ptgfrom PlanViu».
1884.
1S85.
1886.
1881.
I
89.785 12'<'.a8 2aii.475 271.790 4(19.0)3
88.821 10.^79^ 26S.060'256.04a;431.116l
54.321 102..V24 25l.450''2a4.-i31448.17lj
5O.312I 9,'.8«7 2i7.205 218,482 443.606,
56,8«8[ 68.223 '205,477499.179 442,40S|
42.V1 62.129 184.414 181.132 421.-:3<i
1886.
188f.
94.202' 80.703 115.089-'
91.815
52.878] 90,895-
51,891
32,510
49,302
46,935
32,5rt3
S8.»-13'
24,634
39.S83
96,578
87,303
68,0!»
41,45
—
The above statement shows 1. Tliat the total receipts from
che plantations since September 1, 1885, are 5, 07.'). 317 bales;
in 1884-85 were 4,053,398 bales; in 1883-84 were 4,021,182 bales.
2.
That, although the receipts at the outports the past week
were 62,129 bales, the actual movement from plantations was
only 41.457 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantationsfor the same week were 84,534 bales and for 1884 they were
28,813 bales.
—
•Revised
ISF" The imports into Continental ports this week have been
33,000 bales.
The above figures indicate an increase in the cotton in sighl
to-night of 267,984 bales as compared with the same date of
1885, a, decrease ol 134,938 bales as compared with the corresponding date of 1884 and a decrease of 251,010 bales as
—
Amount of Cotton in Sight March 13. In the table below
comoared with 1883.
we give the receipts from plantations in another form, and addi
net overland movement to March 1, and also the
At THE Interior Towns the movement that is the receipts to them theSouthern
spinners to the same date, so as to give
takings by
for the week and since Sept. 1, the shipments for the week, and
substantially the amount of cotton now in sight.
the stocks to-night, and the same items for the correspondina
—
period of 1884-85
—
is
set out in detail in the following statement.
1885-86.
Ci;wrr->j5!2!
S-rcrc 2-3CO--e-p
50 s:
T2.C B
£c
H
O
&-
-'^
.*
P:
C ? P-.» S
:
:
:
-''
-"
g£, S
E =- £1 -
3
from planta'tne
,i.07."i,317
Net overlaiHl to March 1
3outhern consumpt'n to Mch.]
617,134
205,000
Tot. receipts
gsf^g- I?
Total In sight
C O W CC Ci
>«»
0>
CM
M
c:
tp».
to
t)»
tw
a cciv tc to
V to U< M CO
)(^
^,
I
»-
»-*
CP
C.r.ilcOSCjtMtft.cc^-*'^
^-CCtC'OC
CDCDXCP^aC
-*
S^^T* ^w
coa-wkco
QDCl
CO
^^^',
V|t.jcoQtViK,.t"-'toM!
M
c:-£''.os^Ci;oo— cto;
CM
(CM acacoto;
5^'.^ *o
*-Qt
•ico;|^•v)a'i)l^^
I
S>^S
S 5"*S
frSS
ip''
3: -4
— w'.
c;i ip-
^-®©y sO-t'^»tc
CO
^ *j CO a M 10
OD tQ yi
!-• »-«
cc t-«
.-
r* CO
CD yi
^CT COaa^AMCDCJI
-•
o*
— O" ci CO *- U" 10
—
p
I
-xj
•J r- ro
It.
ac
^ t3 O CO y M
to
.- OC CO &3 O
n-S-
o
c;"Cc<i :^
to
I^CO tco
OS ^I*.- <i o* CO
^
Cli
I
^-COC^CCi^orf.
© «
.l'.OCJ«C)»
'
ODh-MCOlfr-O-W
ta
I
M* W^^((hCO
COCO
K/C;**.
CDI^OIC
o>
The above
^1 r C» CO
^
*.
CO
cc cc
a c C ** e M t * cc p^
rf.-
—
"
0^*3eXlU^aQrc;.ccQ&-
totals
show
&^
UikVoVVcD
COOCOh-tgvt^Oi
c- CO O' CO -g a qt CO
—
—
MCO
'
40.
Indianola, Texas, We hnve had rain on three days of the
week, the rainfall reaching forty hundredths of an inch. Thethermometer has averaged 59, ranging from 45 to 67.
Palestine, 'lexas, It has rained on three days of the week,
the rainfall reaching nineteen hundredths of an inch. Killing
The thermometer has ranged from
frost and ice on one night.
27 to 66, averaging 50.
New Orleans, Louisiana. It has rained on three days of
the week, the rainfall reaching twenty hundredths of an inch.
The thermometer has averaged 54.
Shreteport, Louisiana. We have had rain on six days of
the week, the rainfall reaching sixty-seven hundredths of an
inch. Average thermometer 48, the highest 67 and lowest 29.
Columbus, Mississippi. It has rained on one day of the
week, the rainfall reaching twelve hundredths of an inch. We
have had light snow. The thermometer has averaged 44, the
highest being 62 and the lowest 24.
Meridian, Mississippi. It has rained on five days of the
week. The weather has been too cold, with ice on two nights
and light snow on Thursday. Farmers have made no prepara-
—
s-
p.
5,897,451 5,335.180 5,272,252 6,144,965-
Weather Reports by Telegraph, Light rains have fallenthroughout the South during the week and the temperature has
been low for this season of the year, both together hindering
farm operations. The crop movement has also been interfered
with in some measure by the strike in the Southwest.
Ualveston, Texas. It has rained on two days of the week,
The
the rainfall reaching twelve hurdredths of an inch.
thermometer has averaged 56, the highest being 64 and the
lowest
Cn.-CCCCifrC0O — ^O.t-^IO;K.MXI0-^CO
^*10iCOC£00t..Cfl*.a)r-CCCSCOQ;COw-'«OCO
:^.
C;.
526,556
200,000
.
<l jC
»;vl CO *^I
W; ) CJC- tf* in
K-XC;3;Vlt37o'^,VlVi'*Cic;'.-*:OQDk:*.-V»*i;
to o: |C
,(k
tf^.
C3tO:DX^JKCOXC:-.4
O*-O'C0C0 0tC5
;^^c.;OD^OCr-cO'-'CoaD^-^-g:osco:M
rf^
461,070
190,000
—
w K-tC *._
lOQOUiODOlTO'
XC^I^OJ
501,782
180,000
—
-^j
ifc
© CO *"
March 12
4,653,393 1,621,182 5,118,109
It will lie seen by the above that the increase in amount in sight
to-night, as coiupared with laat year, is 562,271 b.ile-i. the increase
88 compared with lS-«3-84 is 62i,199 bales and the decrease from
1882-83 Is 217,514 bales.
r-
MWO*3 — tf-Ji)50^ CC<* CClJ-C M
boi"!.. ©-iccb'Joac o'tob: x'^xwodm
(XXt5**c/ :£Oo:cca)Qc-£CW;j'»oc;i:c
CO 03 u to o cjt o -'I M
y a 00 c to ^ a. o<
-^1
•^lOtOX WOiOi
H- 0< -4 10
JC tU O' Cn
1882-83.
t>«
101^
01
>-»-•#* I— h- to I—
c. tc OD I : ci cc <i^
<l
(-«
8?
oc -^
iP»
--I
1883-34.
Northern spinners' takings to
l,383.80;l 1,099,690 1,157,659 1,356,761
March 12
;
it y
c ^ QD c a c cc
CCa *- « cc a ta r-
tc O'
1884-85.
Receipts at the ports to Mch. 1 4.669,431 4,489,181 4,185,924 5,137,72V.
interior stocks on March 12 In
13,'S,258
405,8fl6
163,917
230,688
excess ol September 1
CO
that the old interior stocks f-a'e
aecr»a.<nid rtnrina: the week 19,423 bales and ar»> ti>-nii^ht
227 '11
bales more than at the same period last year.
The "receipt's at
—
—
March
18,
THE CHRONICLE.
1886.1
tinns for planting in con8enuence of the continued wet nnd
cold weather; planting will be three weeks or more later than
usual.
rMua, haa beey aa followa.
"Othar porta"
Tuticorin. Kurraohee and Oooonada.
—
Leinvd, Mississippi. \ huR been cloudy all the wetk
except Monday. nn<l since then tht> rainfall has reiiclitxl eightynine hunilrcilths of an inch. The thermometer Iiuh averaged
40 5, rani^in^ from 29 to <t7.
Little Hoii/c Arkati6as.—lt haa b;en clear on two days of
the week and the remainder cloudy, with lisrht rains on each
day. The rainfall reached thirty-six hundredths of an inch.
With bad roads and the strike on the Missouri Pacific system
shutting ofT freight tratUc, bolh local and general trade is
very dull in our city. The thermometer has rangi d from 24
to 01, averaging -IS.
Helena, Arkansas.
have had rain on three days and
the remainder of the week has been cloudy. The rainfall
reached twenty-five hundredths of an inch. Average thermometer 41, highest 5-( and lowest 25.
ilempMs, Tennessee. It has rained on font days of the
week, the rainfall reaching twenty-two hundredths of an
inch. The thermometer has averaged 40, the highest being
54 and the lowest 27.
Nashville. Tennessee.—
have had rain on four days of
the week, the rainfall reaching six hundredths of an inch.
The thermometer has averaged 'i», ranging from 22 to 52.
Mobile, Alalmma.—lx, has been showery on six days of the
week, the rainfall reaching seventy-seven hundredths of an
inch.
The thermometer has ranged from 34 to 67, averaging 51.
Montyomery, Alabama.— We have had rain on two days
of the week, the rainfall reaching forty-nine hundredths of
an inch. The thermometer has averaged 48.
Seltna, Alabama. It has rained eteaddy'on two days of tl •
week, the rainfall reaching one inch and twenty-eight hundredths.
The thermometer has averaged 48, the highest
being 60 and the lowest 33.
Auburn, Alabama. It has been showery on two days of
the week, the rainfall reaching fourteen hundredths of an
inch. Killing frost and ice on Wednesday night. The ther
mometer has averaged 45 6, ranging from 25-6 to 60,
Madison, Florida. Telegram not received.
Macon, Georgia.— It has rained on one day of the week.
Columbus, Georgia.— We have had rain on one day of the
week, the rainfall reaching nineteen hundredths of an inch.
The thermometer has averaged 45, the highest being 55 and
the lowest 28.
Savannah, &eorgia.—It has rained on three days and the
remainder of the week has been pleasant. The rainfall
reached fifteen hundredths of an inch. The thermometer has
averaged 50, ranging from 33 to 64.
Auyu.ita, Georgia.— The weather has been clear and
pleasant all the week.
The thermometer has ranged from 25
to 63, averaging 47.
Atlanta, Georgia.— Telegram not received.
Albany, Georgia. We have had rain on two days of the
week, the rainfall reaching sixty-six hundredths of an inch.
The weather has been too cold, ice having formed on one
night. The thermometer has averaged 47, the highest being
64 and the lowest 27.
Charleston, South Carolina.— It has rained on two days of
the week, the rainfall reaching seventeen hundredths of an
'^
^*^* thermometer has averaged 47, ranging from 30
— We
—
We
—
—
March
OikUmita—
1888
and March
1886
1886
AUotliera—
1886
1886
Orleans*
Ahove low-water mark.
Above low-wftter mark.
Abovfi low-water mark
Above low-water-mark.
Above low-water-mark
w "tl'in*
aasDvUle
Sr?'?'''?'*'"^
VIckBburK
•
11, '8«. 1/cA. 12, '85
Inch.
Feet.
Feel.
Ineh
9
6
19
7
15
6
7
1
1
37
8
10
24
4
12
2»
1
6
Now
mark
reported above I'lw-watet mark. Instead ol below hlRb-water
as prior to October 30, 1885.
India Cotton Movement from all Ports.— The receipts
jmd shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to March 11.
BOHBAT BBCBIPT8 AND 8HIP.MBNTS FOB FODB TEARS.
]^Shipmenlt thit
Year Great ConlU
\Bril'n.\ neni
week
j
I
1886 23,000, 4.000
5.0(H), 11, 000
1884 0.00<l 12,(100
1883 2H,000 ,S;i.O0O
188.y
Total
I
I
SMpmenlt
Great
Britain
Since Ja n.
Oonlinent.
3.000
2,500
(U}nUm»nl.
BrUotn.
5,000
6,000
18,000
IMal.
14.000
7.800
21,700
32,000
28,900
2,000
3,600
3,000
3,aoo
5.S0O
2,000
2.00O
7,-^00
:<,ooo
18.000
11,500
8,000
2.000
36,000
13.800
7,.'500
S.OOO
2.S00
12.50.)
8.00(1
38,000
38,800
23.000
0.200
60,000
46,000
Total »11-
1886
lS8fi
The above totals for the week show that the moyement from
the ports other than Bombay is 4,500 hales more than same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1886, and for the corresponding
periods of the two previous years, are aa follows:
aXPORTS TO BDBOPB KBOM
1886.
Shipmenit
Europe
TkU
from—
to all
Bombay
another ports.
Total..
tHOIA.
AI.I,
1885.
week.
Since
Jan. 1.
27.000
12,500
3'J,.')00
TKU
1884.
week.
Sine*
Jan. 1.
vitek.
tinet
Jan. 1.
211,000
60,000
16.000
8.000
167.000
46.000
18.000
7,500
306,000
71,500
301. O^O
24,0001
213.000
25,5001
377,800
This
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
ire the receipts and shipments for the past week and for the
rorreeponding week of the previous two years.
itexandria, Egypt,
March
1885-36.
10.
Beoelpts (oantars*)—
This week
Binoe Bept. 1
1384-85.
24,000
2,715,000
TM$ Since
week. Sept. 1.
1883-84.
60,000
3,198,000
12,000
2,573,000
rAi»
Since
week. Sept. 1.
1
1
Thi$
week.
Exports (bales)—
5,000 201,000
6,000 123,000
Total Enrope
'
A oantar is UU
Since
1
'^Sept.
1.
1
ro Continent
1
7.0C0 273,000
1.000 141,000
11,000 321.000 18.000 414.000
!
6.000 216.00O
3,000 103.000
9.000 319,000
1
108.
This statenaent shows that the receipts for the week ending
10 were 24,000 cantars and the shipments to all Europe
March
11,000 bales.
—
Manohester Market. Our report received from Manchester
give the prices
to-night states that the market is dull.
for to-day below, and leave previous weeks' prices for comparison.
We
1885.
1886.
Oott'n
82* Oop.
d>« Ibt.
SKirtingt.
4.
K.
Jan. 8 TH »8»i6
" \;^ 7S4 3PB,g
5
5
(1.
(t.
n.
7>«»7
7i«»7
" 22 7^ 485,8 5 7>497
29 7% 335,8 5 7'«»7
Feb. 5 7-'s «83l8 5 7>«»7
•
12 719 as^ia 5
•'
19 7»,fc9e'» |5
" 26 713 aS'iB 5
Mch. 5 7»i«»8i« 5
••
••
12!79i,.»'-i8
12, 1885.
.»€/!.
2
2.000
3.500
188ft
entu
IMoi.
HiAtHU-
Twif(.
11, 1886,
Oonlin4nt.
Britain.
IS,*^^'
to oo«
Stateburg, South Carolina.— It has rained on one day of
the week, and on Wednesday we had sleet and snow. The
ramfall reached ten hundredths of an inch. The thermometer
has ranged from 28 to 61-5, averaging 45 9.
Wilson, North Carolina.— It has rained on one day of the
week, the rainfall reaching fourteen hundredths of an inch.
Average thermometer 46. highest 60 and lowest 26.
The following statement we have also received by telegraph,
ihowing the height of the rivers at the points named at 3 o'clock
oorw Gaylon,
Wtipnunlt/or Ih* wm*.
Ortal
—
—
843
15
7ifl»7
7i«»7
7
7
7
97
97
«7
d.
Mill.
82* Oop.
Upl'i
Jwiti.
d.
1
5
1
Rii(t
I
1
I
1
1
0>«
OHi
Ola
d.
d.
d.
«.
5
5
51i« h5,„«8I5,. 5
8s,,a8U,f:5
5
416,8 PB,aa8i5iK'5
89
415,8 8^88815,6 5
4l»,6 8i4 as's
5
S
8>4 as-fs
4Si
4io,e|8i4 aS's
ft
413,88>4
«8%
5
K.
TTpldt
d.
d.
6i»,«
7>«87
7i«»7
7i«»7
87,8»61i8
a»8
Ootfn
Mid.
8*4 lb*.
Shirtingi.
7
7
7
6
6
6
6
East India Crop.— Messrs. Gaddum, Bythell
«6
518,,
&
6
6
6
6
10<i
BOlCa
«6 10's
96 9i«
«6 9>9
«6 flig
WO 9
1
6i6
61]«
5l5t«
Co.'s circu-
lar, of date Bombay, Feb. 5, had the following:
" Tho advices from the home markets have not been enoonmglng
this week, and here the market h.i,s been dull In the extreme. Large
(liiantttics of cotton arrive daily, and stocks are accumulating rapidly,
bi:t liiiyors show liardly any incllnaliim to operate, and, alihoueh prices
per
of most despription-i of o>tton have gradually receded ncnrljlb. diirinit the week, the traiLsactlons reported are few In nuinb<!r. and
rcHCh only a coiiiparatiVBly s.nall total. Receipts to the Oomra and
Beniral districts show but little Increase on la<*t week's tii;iire.s. the recent heavy fall in prices, combined with certain local intlucnees, having
Induced the ui>-coiiiitrv holders to keep back a portion of their cotton.
In the Dhollera diairlc'ta pickinR is rolni; on slowly, and recipts are not
expected to l)e on a iarge scale unlll about the middle of March. Picking
is bccouiltiK more gen(^ral in the Broacli districts, and receipts are cxp cted to begin in a few diys. A larite and good ([uality Broich crop is
m.
From the Dharwar. Comptn, Tinnevelly ana
assured.
cotton-growing districts, our reports are uniformly favorable,
ndicuttng large and good crops this season."
now almost
oilier
Reeeiplt.
I.
Total
Thit
Week
Tear.
27,000 71.000 1-0.000
I6.00O 4 2.000 12.-1.000
18.000 1.11,000,172.000
SOti.OOOUS.OOO
442,000
.Sn.OOO 12!t,000l227.000
3.->(i,0OO!72.0OO
."iSO.OOO
241.000,40.000
11)7.000 2
i,
000
39.^.000
2«'2,000
According to the foregoing, Bombay appears to show an
»«cre<M« compared with last year in the week's receipts of
15,00<; bales, and an increase in shipments of 11,0<X) bales, and
tte shipments since January 1 shew an increase of 74,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of January, for two
i\jT}S,
Butts, BAnaiNO, (fcc—There has been a fair
demand
for bagging since our last, and the low prices are proving aa
inducement to buyers, who are disposed to lay in supplies, and
Prices are still ruling easy, and
sales are making steadily.
those sellers who have been asking above market figures have
now reduced their quotations and most dealers are now willing
to accept G'4C. for l'.<lb., ^^^o. for 1 '41b., 7,'^o. for 21b. and
8Kc. for standard graifes. Butts are in moderate call, mostly
for parcels on the way, and some round parcels have beett
placed since our la»t, about 5,000 hdes finding tskers on the
basis of 1 13-16@17^c. for imper grades and 2®%%c, tat bagging qualities, the market closing at these figures.
—
—
:
.
:
THE CHRONICLK
344
[Vol,
XUl.
Savannah— For Liverpool— March — Steamer Lancaster, 4,365,
EuKOPEAN Cotton Consumption to March 1.— We have
For Bremen— .March 6 —Bark Niagara. 3,079.
For Keval -March 8— Bark Preslilent Trotsclie, 1,700
Maroh9!i
brought
received to-day, by cable, Mr. Ellison's cotton figures,
also
have
year
last
for
totals
revised
down to March 1. The
takings by
been received and are given for comparison. The
follows:
spinners, in actual bales and pounds, have been as
From
Oct. 1 to
Hareh
Total.
Oonlitient.
Oreal Britain.
1.
For 1885-86.
Takings by spinners. .bales
Average weight of bales
Takings in pounds
.
1,323,000
1,433,000
2,756,000
457
455
458
632,015,000 1,256.626,000
604,611,000
1,019,000
Takings by spinners .bales
Average weight of bales
Takings in pounds
—
. .
1,480,000
3,099,000
436
440
414
645.341,000 1.364,101,000
718,760,000
Stated in 400-lb. bales, the following shows the total takings
and the total and weekly consumption for the two years
Oct. 1 to
March
lbs.
1884-85.
1885-86.
1.
each,
Conti-
51,
1,512,
138,
1,630,
192.
3,142,
1,566,
Supply
Oonsnmpt'u 22 weeks. 1.432,
1,768,
1,361,
3,334,
2,796,
Spinners' stock Cot.
1.
Takings to March 1
Spinners' stock Mar.
Weekly Consumption
00s omitted.
In October
57,2
68,0
70,0
70,0
70,0
InNovember
In December
In Januaiy
In February
Total.
nent.
134,
1
62,0
62,0
63,0
62,0
62.0
Total.
nent.
89,
152,
211,
1,797,
1,613,
3,410,
1,888,
1,765,
3,651,
1,584,
1,361,
2,981,
119,2
130,0
132,0
132,0
132.0
703,
401,
302,
539,
404,
Conti-
Oreat
Britain
Oreat
Britain
OOOs omitted.
Alette, 2,450.
-
—
.
For 1884-85.
Sales of 400
Bark
For Hango— March 10 -Bark Orient, 1,350.
For Barcel 'na — March 8 Steamer Kasington, 5,000.
For Trieste- March ti -Bark 8i)8pip, 500.
For Genoa-March 9— Baik Otus, 2.0.J0.
Charleston— For Bremen— Mareh 8— Steamer Harrowgato, 5.433.
For Keval— -March 9— Bark Mariner, 2.283; briir Svea, 1,250.
For St. Petersburg— March 8 -Bark M, Smith Peterson, 1,.^00.
WILMINGTON— For Reval— March 10— Bark Mozart, 1,200.
Boston— For Liverpool— March 4—Steamer Virginian, 1,829
Marcli
5—Steamer Samaria, 603.
Baltimore— For Liverpool- Mirch S—8teamer Nessmore, 2,628.
For Bremen— Miirefi 10-8teaiuer Weser, 1,050.
For Rotterdam— March 8 Steamer Lero, 1,700.
Philadelphia— For Liverpool— March 10— Steamer Ohio,
Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.
134,0
134,0
131,0
134,0
134,0
62,0
62,0
62,0
62,0
62,0
72,0
72,0
72,0
72,0
72.0
The foregoing shows that the weekly consumption
in
Europe
is yet 133,000 bales of 400 pounds each, against 131,000 bales
of the same weight at the corresponding time last year. The
total spinners' stocks in Great Britain and on the Continent
have increased 54,000 bales during the month, but are
165,000 bales less than at the
—
same date
still
last season.
Uarlinoton, steamer (Br.), Ward, from New Orleans for Bremen,
struck on the N. W. reefs of Bermuda on the morning of Feb. 22and in a short time commenced leaking. On the '.5'hahehaa
forward compartuieut. full of water. Her cargo consisted i.f 5,373
baUs of cotton and 15,(jO0 bushels of corn, ot which about 1.000
bales of cotton had been landed up to the 25th, th.- greate: portion
wet. The reujainder of the cotton would probably lie SHVi-d la a
dimaged condition, but it was feared that the ves el would not get
off the reefs, as it had been blowing a strong gale for th« previoua
2 1 hours, which had piev.nted anjr cargo being landed. On the
2.'ith work was to be continued if weather moderated, and an
effort made to save the ship.
Cotton freights the past week have been as follows:
Batur.
Mon.
Tue*.
Wednes.
Thur:
JFH.
Hi
"a«
Tfll
764
764
'm
8ail...d.
....
Havre, steam
c.
Do saU
e.
Bremen, steam. .c.
"33
-•
"sa
....
1I33
"33
"38
iija
38
%
Liverpool,
Do
Do
steam
...
sail
....
H
...
»a2®^l« *33 9^16 9^2^516 SaaS^ia »d235^«
^ii.'^^it
...
,.
c.
35*
Ajruat'd'm, steam.c.
Do
....
36
...
Hamburg, steam. c.
....
....
%
3e
sail....c.
Do
•
35-
...
sail...c.
35'
35*
35-
....
36*
....
....
Beval, steam.. ..dJ.isjaiSg^ 73^® 16^4 fja^'^ej 73231B«4 732S15c4 7ja»i6„
Do
sail
c.
Baroelona,steam.c.
l4®93a
'4a<>sa
'43»J2
>4a»ia
MA*^
J4a»sj
c.
Genoa, steam
Trieste, steam... e.
Antwerp, steam.. c.
* Per 100 lbs.
'e*
>4
'u
't4
7^4
'64
764
>4
^4
4
M
M
Ki
».4
9.4
9h4
»«4
"64
—
Shipping News. ^The exports of cotton from the United
States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these
80,837 bales.
are the same exports reported by telegraph, and published in
With regard to New York we
the Chronicle last Friday.
include the manifests of all vessels cleared up to Thursday
Liverpool. By cable from Liverpool, we have the following
statement of the week's sales, stocks, &c., at that port. We
add previous weeks for comparison.
mght of this week.
Hew York—To Liverpool,
Sales of the
—
Total balei.
Bal-
per steamers Alaska, 1,641
England,
Britannic, 2,375
1,373... Biela, 1,088
3,379. ...Gallia, 2,003. ...Italy, 1,939....
13,798
To Hull, per steamer Galileo, 777
777
tic,
To Havre, per steamer Labrador, 502
To Bremen, per steamer Douau, 266...
To Hamburg, per steiiUR-rs Bohemia, 320
502
261!
Historian, 4,510.... Inventor, 4,6y0
To Bremen, per steamers Crssius, 2,147
To Hamburg, per steamer Cassius, 428
To Reval, per bark Vila, 2,230
970
Kugia, B50
To Antwerp, per steamers Hermann, 1,492
To Genoa, per steamer Britannia, 350
Hew Orleans—To Liverpool, per steamers
Ehvnlaud,U86
2,17S
B5J
Cadiz, 5,400
Neto, 4,930
Cionja, 4,267
19,550
6,414
423
2,230
1,781
To Genoa, per bark Elios, 1,784
Savannah—To Reval, per ship Regiilus, 3,350
T}ALViiSTO>— ro Hiingo, per biirk Espeland, 1,316
To Vera Cruz, per steamer Harlan, 609
Baltimoue—To Liverpool, per steamers Francisco, 4,700
Oraumore, 2,64u
Boston- To Liverpool, per steamer Norseman, 2,54t
fHlLABELpniA—To Liverpool, per steamers British King, 1,350
Lord Clive, 1,761
To Antwerp, per steamer Switzerland, 1,300
Total
6,650
4,360
1,100
3,'bO
1,316
609
7,340
2,514
3,111
1,300
particulars of these shipments, arranged in our uaua
foim, are aa foUowa:
Retal,
Bremen
d Ham-
Livervool.
New
York. 13,798
M. Orleans. 19.550
Savannah..
Charleston.
„
Galveston
,
.
Baltimore..
BoBton
PhUadelp'a
-
7,340
2,514
3.111
Havre,
502
burg.
l,2a6
6,842
4,360
Hango
d Sorr-
Tera
werp. hoping. Genoa. Cruz
2,178
350 ..
2,230 1,784
6,6S0
1,10J 3,250
1,3X6
609
A.nt-
Total.
18 -41
3o',it'6
e.fi.iO
8,710
1
week
Forwarded
—Estimated
Total stock
.....!
'.
,
Of which American— Estim'd
Total import of the
eb. 26.
48,000
3,000
2,000
week
3,000
14.000
671,000
500,001'
92,000
77,000
257,000
218,000
Of which American
Amount
Of which American
afloat
March 5
48.000
59,00(j
2,0c
3.000
5,000
51,000
4,000
40,000
41,001'
Actual export
4,00(!
5,00<<
17,000
709,000
525,000
98,00.
76,000
216,000
17d.0C0
10.000
6!i8,00(
509,00(
ft.T,00(
41,001
237,001
Iwl.OOC
Marchli
60.000
3,000
4,000
48,000
2,000
11,000
674,000
495,000
42,000
38,000
COti.OOO
196,000
market far spots and futures each
day of the week ending March 13, and the daily closing prices
of spot cotton, have been as follows:
The tone
Saturday Mmuiay. Ttiesdai.
gpol.
Market,
12:30 P.M.
of the Liverpool
(
Harden'a
Irregular. tendency.
Irregular.
Flat.
Freely
offered.
FYutay
Dull.
478
4i5ia
8,000
1,000
8,000
1,000
8,000
1,000
8,000
1,000
Easy at
S-64 du-
Steady at
Oulet al
Rasy at
2-«4 ad-
1-94 ad-
2-64 de-
1-94 de-
vance.
cline.
vance.
cline.
cline.
Firm.
Steady.
Quiet.
416,6
Mld.Orl'ns.
iales .. .
4'.6,8
5
8,000
1,000
8peo.&exp,
Easy at
(
4
114 ile-
ollne.
Market,
(
5 p. M.
\
Firm.
41S18
4''8
4i5ie
5
4^8
Futures
Market,
12;30P.M.
Wednei. Thursd'y.
S
aid. Upl'de
12,000
1,000
steady at
Very
firm.
Unsettled
41014
The opening, highest, lowest and closmg prices of futures al
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unleeB
otherwise stated,
The prices are given in petice a>id 6iths, thus: 4 63 mean$
4 63-eid., and 5 01 means 5 l-64d.
F^
«25
70^^
4'iu
Total... 46.343
502 12,138 3,478 11,296 5,381
609 80,827
In the above totals are 777 bales from New York to Hull.
Open Hilh Low.
the latest dates:
GAi,VE9TON-For Liverpool -March 10— Bark Bay of Fundy, 3,911
For Reval— March 6— Barks Brilliant, 1,415: Victor, 2,260
March
8— Bark Svca. 1,440.
HBW ORLEANS- For Liverpool— March 5— Steamer Venezuelan, 2 635
-..••J^'"''''' 8-Steaniei- ,Tiinmi(an, 2,881.
For Havre-March lO-Bark Ocean, 2.276.
V«OBiLE-i Of Liverpool-March 6-Bark Longfellow, 2,690.
Open High Low.
Opel.
d.
d.
d.
a.
d.
55
160
4 62
4 60
4 62
4 67
4 57
455
4 00
4 83
5 00
5 02
460
162
62 300
4 57
131
166
4E6
4 60
4 59
4 81
6 00
6 02
461
600
d.
it.
4 53
4 65
4 55
4 55
4 65
15-
4 67
4 59
4 62
5 01
4 5-
4«a
510
SO)
606
4 67
4 69
4 03
5 01
3 04
5 05
6 01
5 04
6 02
6 05
5 08
5 05
3
8ept.-0ct... 5 02
6 02
5 05
6 02
bOi
5
March-Apr.
April-May.,
May-June...
June-July..
July-Aug...
AuR.-Sept..
September..
4 69
4 62
5 01
455
Low.
010$.
i.
d.
March
Tue*., nich. 9.
d.
Clot.
d.
Included
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down ic
mon., nich. H
Sat. Mch. 6
tt'Xli
1,300
bales.
Of which exporters took
Of wliich speculators took.
Sales American
8(',827
The
:
Feb. 19,
per bark
Caniuks, 3,300
Charleston— To Bremen, per steame;- Wf stergate, 4,160
To Norrkoiiinjr, per bark Iliilfden, 1,100
To Gene a, rer steamer Tliane, 3, '^50
.
d.
4
119
4 62
501
;
B03
4
5 00
5 02
1
1
5 02
6 06
5t5 BOT
OOH 310
08 611 6 09 Bll
07 5 08 5 07 SOS
8 07
5 10
4
61
5 00
6 0i
4 57
4 69
60i 50) 6 03
606 5 00 6 01
304 5 04 6 03
Cloi.
d
466
4 46
457
4 69
4 61
600
soil
SU4
6 UK
-
»
March
THE CHRONICLE.
1886.]
18,
Than.,
WMlua., Mch. 10.
OpM
BiQh Low.
iL
Oiwn Ht«k Low.
OlOf.
4DJ 433 4 94
lUroh-Apr. 4IV3 494 4 93 4 94
4tS
45A 4S5 4ra
Apm-Ma7..
Mar-Jane... 4S8 4 98 498 4 99
Jnne-JulT.. «rO 4 02 4ao 4SS
JnlT-ADK... 4A4 SUO 4 68 soo
Aoc-fept.. BOl 9 03 BOl 903
6 09
September.. ftOa
9 04
tapt.-Oot... ftOO
SOS BOO 602
aiot
*.
H.
4.
4.
4 94
4 64
4 94
4 94
il.
il.
ma
March
Moli. 11.
4AI
161
4nt
SOO 500 BfO
6 03 503 603
S04 5 04 3 04
BOS Boa 608 6 08
903
9 04
8 04
Optn
1!).
mih
Low.
4.
4.
d.
4 94 494 41M 464
4 66 456 460 4 60
498 4 68 468 4BS
4 81
5 00
FrI.. IHob.
4 66
4 68
46l1
4 65
4 98
438
4«1 4 61
6C0 600 BOO
6 01 BOl BOl
4«S 4BS 468
4 01
Hour.
ITKMt.
Com,
Oal$,
Alf.lMIti AM».80lto
Olat
CblOico..,
Mm.
Martty.
_
Am»JI UfSutltM
4 61
4 61
Toltdo....
80.877
80.014
S.8I7
I>etrot(...
IJMe
498
460
468
4A1
300
CltvaUuid
8.810
17.648
Tot.iik. -SA
148.410
648,0M
6 01
8am* wk. 8S
Sama wk. 84
180.0881
1,135398
8.487.806
8.888.848
1.888,488
141.481
8(17.51
8,04«.0ta
817,017
aa.oia.8T7
88.750.884
8IJ168.718
77,810,488
88,718,07*
18,0<3.018
18.6(8.148
40,888.790
14.410.074
4.
450 4BI 4B0
460 4 51 460
4 93 4 63 46S
345
468
Mllnnkw...
St.
houlM.
Poorta....
nnlatb....
I«S,«88
1.718.810
sn.d«T
8<.09T
6S.8I8
102,860
U,480
KM*
u,«o
IM.tSB
9Jtt>
iAi«
88.IIS8
7.186
84.778
tOMO
17.000
81.000
S4,1M
1.881 .880
1M.0W
44.400
ii,ni
8.450
6t,«41
100.880
i»*,ais
IO3OU
86».3ie
4S7.08S
611.801
808,780
18M1
8.*ei.9a8
a,a60.74»
0.888.707
1.616
Since Julyaa
BREADSTUFFS.
Frioat. P« M.. March 12, 1880.
There has been a fairly active trade in flour and meal for
the wetk under review, and prices have luled about steady.
A telegram from Minneapolis says "The water all last week
waa poor and few mills made a satisfactory run. Fifteen
mills recorded an output of 76,680 barrels— averaging 13,780
barrels daily againet 76,020 barrels the preceding week and
74,000 barrels the corresponding time in 1885.
It is feared it
will be quite a long lime before there is enough water to run
the mills fatipfactorily. Last year the water came up between
April Sand 5, and in 1884 on March 33."
:
—
1880-88..
5,158.77»
1884-8B..
A366.A74
46,081^109
84,839.073
lS8S-8i.
8.8«e,9«7
67.488.088
6a.7a»
The receii )t8 of flour and grain at the seaboard porta
week ended March 6, 1886, foUow:
Flmir,
At—
Mew York
Whtal,
buth.
06/».
.., ••
Boa ton
Portland ....
Montreal
Philadelphia
..
Barley,
Am.
btuli
buS.
60.625
gjSoS
rSoO
IHB
60,206
4,364
15,847
36,185
4,700
17,468
20.800
72,000
50,296
U,~60
7,800
52,000
13.402
21,973
101,087
700
Total week ..201.108
'85..
buth.
211,850
172;633
Baltimore...
week
Oatt,
biuth.
73,150 3,563.600
16,727 156,510
Bichniood
New Orleans
Cor.
Com,
for th«
101.600
515.121
28,486
502,285
239,833 2,86.5.632
567.866 2.313.512
292.073
'.....
18,600
2,498
580,725 89.130
702,655 202^929
3 684
22;27»
The exports from the several seaboard ports for the week
The K heat market showed considerable strength early in the
ending March 6, 188*5, are shown in the annexed statement:
a fairly active expi rt movement, but an ihis fell off
Bxportt
prices weakered, and on Wednefday there was a sharp deWhtal.
Oom.
Flour.
Oalt.
fromRye.
Peat.
oline, which encouraged the sale of "putb" for Thursday but
Bush.
Biuh.
BbU.
Biuh.
Buth.
Buth
better fereign advices, some revival of export demand and the SewYork 612,286 857,170
57,073
3,420
2,oe»
107,520
8,9Jl
unfavorable constiuttion which was put upon the Bureau Boston.
204
Portland.
......
report regarding crop prospects, caused a fresh advance yes- Montreal.
...-•.
•"-•.• .1
Phlladel..
16,000
13,972
13,039
...•
terday, which was will maintained lo the close. To day there Baltlm're
60,200 418,658
5.447
*•"
248,483
was a slight improvement, but the speculation was dull and N. Orl'ns.
733
178
*>-••
Rlchm'd
week on
;
1,816
.
the regular trade quite moderate.
DAILY IJLOSINO PRICKS OF NO. Z BED WINTER WHEAT.
Sat,
Mon.
Tiiet.
Wed.
Thurt.
In elevator
9">
g.l
ns
P-l^a
94%
March delivery
91»8
94%
94'8
^i\
91^8
9:)i4
Anril rteliv«ry
Dole
9r>H
9t%
g.'j'a
May
dnlivrtrv
BUig
9614
lou^s
gS's
Q/^s
Janp dollvopy
DeoeiuijcrloclVBry.
aeis
96ia
95\
lOCa
100%
9639
96I4
963i
lom
Fri.
95ii
•9'>i8
9.558
96^
9714
lOl'a
Indian c<rn on the fpot has been pressed for sale, and the
decline has been followed by a greatly augmented export
busirert--, estimated at fully a million bushels for the week,
mostly to Great Britain.
Futures became irregular, March
contracts declining sharply, but the more remote deliveries
showing borae steadiness. To-day the opening was easier, but
the close steady.
Daily closino prices of no 2 MIXED CORN.
Sill.
Mon.
Tiies.
We.a.
nun. Fri.
In elevator
SO
49%
48%
iS'*
48
47%
49J4
Uarcti delivery
4', 'g
41
497a
i^''e
47%
April delivery
48I9
4914
49
4812
48»e
48%
May
deliveiy
Jnnedellveiy
48%
loSs
48'a
43%
48%
483«
481a
4814
48%
48^4
48's
48%
Oats have met with a fair demand from the regular trade,
but fpeculation has been dormant and the changes in prices
«re unimportant.
To-day the market was dull but about
steady.
DAILY CLOSINO PRICES OF NO. 2 OATS.
Sal.
Xcm. Tues.
Wat. Thurt.
Fri38i8
March deliverv
3818
37''9
38
37%
37'8
38I4
April delivery
SSU
38
37-%
37%
37%
May delivery
3S
37^8
37''8
37%
37%
37%
Rye quiet and nominal. Barley very firm on reduced stocks.
The following are the closing quotations:
FLOUB.
line
Vbbl.$2 403 3 10 Southern supers
$3250 3 50
aaperflne
2 76» 3 20 Bouiiiern UaUers'aua
Sprlii)? wheat extras.
3 tea 3 60
family brandfi
85» 5 25
Minn clear auclstra't. 4 00 9 5 10 Sya Bour, superfine.. 34 20l»
3 50
Winter
Shi upV extras.
XX
3 40i» 3
7.i
Com mekl—
XXX.. 4 15® 5 1.5
Western, dso
2 509
4 50» 5.50
Brandvwlne. *o
3 00»
Olty anipvlUK fX
3 609 5 00 Buckwheat flour, $
Bonth'n ooui. extras.. 4 COS 4 SO
100 lbs
1853
Winter
at
PatenU
liKAIN.
Wheat
Sprtng.per oush.
Spring N0.2
Bed win let, No. 2
Bed winter
White
Oom— West,
mixed
Weat. mix No. 2.
West, white
West.yBllMW
While 8ont:li«>iu.i
Yelloft BuulUern.
85
95
95
80
85
46
H04
»
»7
OK
Rye— Western
State and Canada...
Oats— Mixed
«
White
• 103
l!Io.2mlxed
aioo
N0.2 white
9 51^ Barley47%
49
No. 2 Canada
45 » 50
8t<ite, two-rowed...
45 9 SO
Buckwheat
SO
» 53
45
t»
SO
3 00
3 05
N. News.
69,450
Total w'k
8'me time
588,486 1.743,258
86,939
3,802
1885.
697,888 1,616.901
143,842
1.51,660
The
.
...•.« ^
2,06»82.217
85,317
m
supply of grain, comprising the stocks
granary
at the principal points of accumulation at lake and seaboard
visible
and in
porta,
transit
In itore al—
Sew York
Do
Milwaukee
Do
afloat
Daluth
Do
afloat
Toledo
Detroit
Oswego
Uouls
Cincinnati
St.
Boston
Toronto
Montreal
Philadelphia
Peoila
Indianapolis
Kansas City
Baltimore ........
Minneapolis
St.
Paul
Down
To
.
Tot.
Tot.
Tot.
Tot.
*
rail
480,000
18,000
afloat
Albany
ButTalo
Do afloat
(3hioaKO
Do afloat
by
Wheat,
Tmth.
6,9 11,986
Inuh.
biiah.
4,057,815
55,600
35,000
99,93J
477.299
1886
6,
:
Bye,
buth.
Barley,
buth.
50,000
4,975
122,466
91,300
8,000
20,581
87,012
125,000
72.000
180.232
429,743
264,707
143,669
26,'59'l
173;i5i
400
2,658,498
45a, 207
14.266,236 3,238,423
121,910
908.211
3.768,325
4,805
90,500
5,722,910
124,521
2,023,564
51,466
2,293.062
133.586
215,000
105,0 O
1,702,998 1,376,846
116,000
24,000
253.297
169,562
414.837
577,933
1.5 '8
797,n2
339.265
2,239
254,093
149,800
1.53,000
682,415
183,«02
722,922
746,085
.'.'.'.'.'.'
5,152
22.605
7,100
215,944
30.000
211,027
2,409
155,612
81,484
21073
569
eVs'i'g
60,103
06,719
91,000
30,292
137,163
5,134
16'J,140
47,491
2',9¥"i
6J,340
50,063
1,646
3,729
4,783
610
673.686
730,217
430.826
5,1 10,399 2,212,612
4,301,937 1,871,8'23
9,600
31.000
11,443
500
5.6-<3,545
1,076,000
Mississippi
Mar.
and water, March
Com,
Oalt,
6, '86.
Feb. 27. '66.
Mar. 7, '8S'
Mar. 8, '81*
Mar, 10, SS*
630,237
19,085
51,277,577 12,9S9,057
.52,149,«;)6 11,503 910
43,628,570 7,387.869
30,n4U.833 16.247,093
23,626,395 14,lo9,098
2.023.214
1,2.55.860
2.247.8 59
2,931,4.54
1.381.352
1.647.87*
2,160,962
1,987,608
Minneapolis and
St.
PaiU not Included.
THE DRY GOODS TRADE.
New
York, Friday,
P. M.,
Maroh
12. 1886.
The most important feature of the past week in dry goods
circles has been a further and very marked improvement in
the jobbing trade, an unusually large distribution of staple
61 » 63
64 • 66
36 • 39% and department goods having been made by the principal
2 00
40 e 45
ST'et 39i8
40>.j»
42
9
9
9
90
77
60
88
72
57
There is not the least tendency toward speculation on the part of retailers, but they are taking hold with a
degree of liberality indicative of ample confidence in the trada,
outlook, and in the stability of prices for textile fabrics. The
growing activity of the distributing trade in the interior wnn
reflected by a more general demand for small re-assortments at
local jobbers.
The movement of breadstufiB to market is mdicated in the firet hands; but the amount of business done by commisaioa
rtatementH hfiow, prepared by u.s from the figures of the New
merchants and importers was hardly up to expectations. Cali"''"u<:e Exchange. We first give the receipts at Western
u and river
lake
ports, arranged ao as to present the compara- fornia jobbers continued to make large shipments in order to'
tive moveuKut for the week ending March
avail themselves of the prevailing low freight rates to the Pa6, 1886, and since
July 36 (or fuch of the last three years:
cific Coait, but on the other hand Southwestern jobbers^haTa
1
1
THE CHRONICLE.
346
practically held aloof from the market bacause of the difficulsection,
ties attendant upon travel and transportation in their
resulting from strikes among the railroad employees. Labor
proin the manufacturing districts still continue and
troubles
duction is consequently interrupted in no slight degree. Strikes
have already occurred at some of the knit goods mills at Cohoes, and there is a seeming probability that nearly all the
mills in that place will temporarily suspend operations in the
The tone of tho market continues firm, and
nearly all staple and patterned fabrics are in strictly moderate
supply in first hands.
Domestic Cotton Goods.— The exports of cotton goods for
the week ending March 9 were 2,485 packages, including 676
near future.
were
—
Domestic Woolen Goods. The demand for men'swear
woolens has been characterized by a great deal of irregularity,
a fair business having been done in some descriptions while
others ruled quiet. Prices are generally firm at ruling rates,
but clothiers are somewhat cautious, owing in a measure to
an impression that the demand for .consumption may be impaired by present and prospective labor troubles. All-wool
and cotton-warp caesimeres were in fair demand, and there
was a steady call for worsted suitings and trouserings but
transactions averaged light. Overcoatings were more active
in movement than is demand, agents having made large
deliveries in execution of back orders.
Cloakings and Jersey
clotfas were in fair demand by the manufacturing trade, and
satinets and Kentucky jeans continued in moderate request
and steady in price. Both all-wool and worsted dress fabrics
were fairly active in jobbers' hands, and a fair re-order demand
was experienced by the mill agenis. Flannels and blankets
continued to meet with a fair share of attention, and carpets
were in steady request at firm prices. Wool shirts and drawers
were less active, and some eainple lines have been temporarily
withdrawn from the market by manufacturers, because of
impending labor troubles at Cohoes and elsewhere.
Foreign Dky Goods were moderately active in jobbers
hands, the business of the week having reached large aggregate proportions. Novelties in dress goods were in fair request by wholesale buyers, but selections were chiefly of a
hand-to mouth character. Silks were a trifle slow in first
hands, and some considerable lots of dress silks were pressed
to sale through the auction rooms with not very euccesaful results, a goofi many lines having been passed to await a better
market. M-'n's wear woolens and worsteds continued in fair
inen goods ruled
request by clothiers and cljth jobbers,
((uiet in first hands but steady in price, and a fair business in
embroideries and laces was done privately and through the
;
were placed (for future delivery) at about last year's
but brown, bleached and colored cottons were lightly
dealt in by wholesale buyers, and wide sheetings, corset
jeans and dyed cottons were more or less quiet. Prices of
plain and colored cottons remain firm, and stocks are in good
shape as a rule. Print cloths were in moderate demand, and
64x64s have advanced to 3 3-16c. plus 1 per cent, while 56.t608
are unchanged at SJ^c. Prints were generally quiet in first
hands, but a good business was done by jobbers. Priuted
cottons, as foulards, chambrays, lawns, &c., continued in
good request, and ginghams, seersuckers and other woven
wash fabrics were active and firm in price because of their
scarcity.
White goods, scrim curtains, table
relative
damasks, quilts and tapestry tablecloths were freely delivered
by agents on account of back orders, but the re-order demand
was only moderate. Cotton hosiery and spring underwear
prices,
Brewster,
&
W
mediuna of the auction rooms.
Blackwell, Pres't.
HEUBEKB OF THE NEW YORK AND
BOSTON STOCK EXCHANGES.
N. c,
Special Atteution to Collectioiis.
Park Bank
and Seventh Ward National Bank.
MERCHANTS' NATIONAL BANK,
RICHMOND, VIRGINIA,
made on
all
Bonthem
and United States Bnnd*.
Joshua Wilbour,
Charlxs u. bhildoh jb
BiNJAMIN A. JACKSON, WLLLIAH BlNMIT, jB.
Wilbour, Jackson
& Co.,
BANKBRB AND BR0KBR8
HrEYBOSSET STRjEET,
PROVIDENCE,
R.
John F Olknn.
BRANCH,
THOMAS BRANCH
No. 4,
BOSTON, MASS.
Circulars and information- on funding the debts
of VirRinIa and North CaroUna free of cost ; oneeighth per cent charged for funding. Southern Railroad and State and City Bonds bought and sold.
Cashier.
Vlce-Pres't
Gate City National Bank
ATLANTA, GEORGIA.
DetignaUd Depository ©/
<7apltal
CLEVELAND, OHIO.
Transact a
IN
trenenil
banking business, and
TOWN, COUNTY AND CITV BONDS.
and Snrplns,
•
-
B
B.
Buutngs,
First
Pree't.
A. K.
Waxkib, Caahld
UriLniNGTON,
CoUMtloni made on
all
N. c.
parti of the United 8 atei
Also, Agents
&
SPKOI AT.T1K9
"
TOWN. COCTNTY AND CITV BONDS.
LAKE SUPERIOR IRON MINING STOCKS.
AND STREET RAILROAD SECURITIES
ESTABLISHES 1871.
Keleher
F.
&
Co.,
OLIVE STREET. ST. L0U18.
Dealer* In Western Secorltiee.
808
Defaulted Bonds of Missonrl, Kansas and lUlnoli •
Bpeclalty. Oood Investment Saoorttles, paying from
four to eight per cent, for sale.
G. Fletcher,
President.
J.
toll lapplT, all
Widths and
No. 109
CO.
Colors, always in atook
Dnane
Street.
Fabyan &
Co.,
Tork, Boston, Philadelphia,
SHIiLING AGENTS FOR LEADING BRANDS
8R01VN & RLEACHES SHIRTING
AND SHEETINGS,
PRINTS, DENIMS, TICKS, DDCKS,
*«.
DrilU, Sheetings,
<te.,
for
Sxpori
Trcule.
1
STATE BANK,
1
Inoorporstad 1875.
1
C. T. Walker.
Caataler.
German National Bank,
LITTIiE ROCK, ARKANSAS.
• 9300,000
Prompt attention given to all bnsiness In oar line.
N. Y. CORRKSPONDRNTS.— Importers' A Traders
National Bank and National Bank of the Bepabllc
Capital (Paid In) -
-
'^isctUnntoxxs.
Co.,
INVESTMENT BANKERS,
P.
A
sell.
OIiEVEIiAND, OHIO.
$300,000 00
National Bank,
Lists
prices furnishod on application.
wish to buy or
kinds of
D&AL Tovgele, Qnllts, Wblte Goods & Hosiery
Write us if you
Kufer, by permission, to Society
for SaTirigs, Savings i Trust Co. and National Banks
of Cleveland, Ohio.
and
Ihe United State*.
Accounts of Banks, Merchants, Corporations and
Individuals respectfully solicited.
Collections promptly made and remitted for.
Will act as agent for the Investment of Idle and
•tirplus funds of Banks or Individuals.
In onr active and growinn city money is always in
demand. Our rates reasonable. Give us a trial.
Co.,
SUPERIOR STREET,
No. 137
all
UNITED STATES HUNTING
Bliss,
BANKERS,
S^ontUttn '^nnktxs.
THE
And
'OTTON CANVAS. FELTING DUCK, OAB
COVERING. BAGGING. RAVENS DUCK, BAH.
TWINES, *C., "ONTARIO" 8EAMLB88
BAGS, "AWNING STRIFES.
New
&
Lamprecht Bros.
Chas. H. Potter
LODOWICKJ.HILI,, B. 8. MCCANDLKSS. A.W.HILL
COTTON SAILDUCK
RICHmOND, VIRGINIA.
Boitos
MEMBER OF BOSTON STOCK EXCBANOS.
President.
President.
Fhkd. R. Scott. Vlce-Pres't
"S^estcm Sauticrs.
Samuel G. Studley,
COMMISSION STOCK BROKER,
No. 4 EzcliauKe Place, Boom
P.
points on besi
&. CO.,
BANKKR8 AND COMMISSION MERCHANTS,
I.
Dealers In Commercial Paper, GoTemment *aii(]
other flraUclau BondB and Seoorltiet and ForeUm
New York and
JOHN
Cash.
Co.,
Hftnof aotnren and De&len tn
New Tork Correspondents.—The National
terms; prompt returns.
ALSO,
Dealerc In Mnnlclpal, State, Railroad
&
FIRSr-CI.ASS FACILITIES.
Collections
Cavj^s.
Brinckerhoff, Turner
DVRHAmr,
Pay
CONGRESS STREET,
BxohanKe.
PriTate Telegraph Wire to
Commercial
Wiley, Cashier
P. A.
The Bank of Durham,
BOSTON.
S3
T.
Estabrook,
BANKERS,
Ho. SS
i
ifeouthem UanfecrB.
ganliers.
Cobb
goods was made by jobbsrs, and prices remain
firm.
flannels
%nQlmi&
active in commission circles, but a liberal distribu-
less
tion of these
to Aden, 441 to Argentine Republic, 266 to Chili, 182 to
Mexico, 173 to Hiyti, 159 to Great Britain, 153 to U. S. of
Colombia, &o. The jobbing trade in staple and fancy cotton
goods continued active, but the demand at agents' hands was
for the most part sluggish. Some large orders for cotton
glettr
Vol. XT.n
BAGGING.
WARREN, JONES
ST.
&.
ORATZ
LOUIS, Mo.
Uanttfaotoiers' Agents for the sale of Jute Bagging
IMPORTERS OF
IRON COTTON TIES.
ESTABLISHED
1856.
Engrene R. Cole,
STATIONER AND PRINTER.
Supplies Banks, Bankers. Stock Brokers and Cf-po
rations with complete outfits of Account Books ana
Stationery.
jar" New concerns organiiing wUl have their order
»,__.
promptly executed.
No.
1
WILLIAM STREET,
^-Hanover square.)
y
;
March
;
THE CHRONICLE
18, 1886.J
%eQn\
IJeflal IVottccs.
/<o.ninissioNEn'S jd.ilb op thk
property of tlio VVABASU ST. LOUIS 4 I'AHAILWAYCOMl'ANV.
CIKIO
Central Trust Coinpnny of New Vork and
James Chonoy. complalnniits, a^atnut the Wuboah
8t. Lould & Paclllc Katlway CorapaQy and others,
defendants. Consolidated cause. In equity.
Nolieo Is hereby Klven, that pursuant to, and by
autlii>rlty of a decree entered In the above entitled
cause by the Circuit Court of the United States for
tlie Kastern District of Missouri on the sixth, by
4 lie Circuit Court of the United states for the South«rn District of Illinois on the eixhth. by the Circuit
Court of the United States for the District of 1d_
<li ina on the ninth, by the Circuit Courts for the
Northern District of Ohio, Western Division, fur the
Easteni District of Michltian, and the Southern
District of Iowa. Kastoru Division, on the twelfth
"d-iy of January. 1,S.S6, as inodilled by the suppicniental decree of said Court for the Kastern I>l8trlct of
Missouri, of date Mnrcli Bfth, lS8d, I, Bdmnnd T.
Allen, Cooiinissloner, will, on
The
MONDAY, TUB 20TH DAY OF APRIL,
laSfl,
at the east door of the United States Court House,
on BiKbth Street, In the City of St. Louis, In the State
of Missouri, between the hours of 10. A.M. and 4 P.
M., sell at public auction, to the hiKht;st bidder, with,
vul redumption, and as directed
flei
in said decree, niodi-
as aforesaid, the premises
aud property, de-
jtoribed as follows, to-wit
way and
railroad of the said Wabash St. Louis & Pacific Railway Company, extending from the City of Toledo, In the ^taie of Ohio
through the Stite of Indiana, Into the State i.f lUino s to Meredosia. with branch to Naples and East
Uannibal, from Meredosia to Camp Point, in the
State of Illinois, with branch from
layton to the
Alisiissippl River at Hamilton, and wi'h branch from
Dc ;atur to East St. Louis And, also extendi g from
St. liOuis, in th? State of Missouri, to Kansas City.
Mo., witn extension from .Moberly. Mo., to the State
line of Iowa, and a branch from Sjlisbury, Mo., to
<J1 isgow. Mo.; that portion of the CLarinda & St,
l.ouls Railway in the State of Missouri, the Peoria
Poliin & Jacksonville Railroad, the Springfield &
No. thwestern Railroad, the Braidwood Branch, the
Madison County Railroad, the Detroit Butler & .St.
I,ouis Railway, the Chicago & Paducab Railway, the
Chicago & Strawn Railwuy, the Council Bluff, & St.
liOuis R-iilroad, e.\tendlng from Pattonsburg to the
All thy riKht of
I
Iowa State line together witii all thw emlm kments
^bridges, turnouts, sidetracks, buildings and structures, water tanks and fixtures, shops, engine and
•ottier houses, depots, turn t ibles, engines, cars, machinery, tools, ferry
and other boats, depot
grojnds, real estate pertaining thereto or bel nging
to said company at any of the terminals thereof
franchises, rights, interests and properly,
and'
:
every other tning appurtenant to said railroad or
In connection therewith, t gether with ail
rents. Issues, profits, credits and cboses in action ac-craing from said railroad and appurtenances; and
j»Iso the real estate taken in the name of James
F
How. as trustee for said company in Marion County"
la., in Chicago, HI.. St. Joseph. Mo., and St. Louis'
Mo.; the right of use of the bridge over the Missouri
Rtver at Kansas Ci-y. Mo.; right to n.ie certain
tracks and terminal faciities in Cook Coujity Illinois, and in Chicago, III; right to use certain tracks
and terminal facilities owned by the Peoria & Pekin
vnion Railway Company in llll"ois right to use
certain tracksand depot facilities In the Union depot
in Kansas City. Mo.; right to use cetain tracks and
depot facilities In theLni(»n depot at Hannibal Mo
rUht to use certain tracks aud depiit facilities i'n the
Union depot at St. Josepb, Mo.; right to use certain
tracks and depot facilities in the Union depot at Detroit. Michigan
right to use certain tracks extending from Clayton to Qulncy, Illinois, and certain
depot and station houses In said lasunanied city
-an interest in tho elevator company at Council
Bluffs. luwa: right to use and buy 3o0 cual ca'-s acquired from ihe National Rolling stock Comn'mv
November 2.'), 188). Certain real esljite witli imfirovements thereon and terminal privileges In BilrIngton. Iowa, being lots 13. 13a, 14, 15, ISa. 16 17
used
;
;
'^- '^'^^^ '" '•'e original
plat of 'the
LV^'.^Hl
^V
City of Burlington,
Iowa; anJ also leasehold interand properties to wit
-ests in the following railways
BooneCounty& Hooneviiie Railway: St Louis'
Ottumwa 4 Cedar Rapids Kailwav; St. Joseph
A si'
In the
Ixiuis Railway; the Brunswick A Chillicothe
Railway; St. Louis Council Bluffs & Omaha Raiiwav
the Council Bluffs & St Louis Uailwar extenil'
Ing from the Iowa State lino to Counci'l illullsthe Eel River Railway; the llumeston 4 Shenan'
doah Railroad: that portion of the Clarinda & St
Louis Railway In the State of Iowa; the lie.
Moines i St. Louis Railroad: St. Louis Jersev
vine 4 Springfield Railroad; the Attica Coviniton & Southern Railroad; Champaign 4 Simth
eastern Railroad; the bridge over the Mlssio
elppi River at St. Louis, with tunnel and terminal
rights In said city; the bridge over the .Mississlmn
RlviT at Hannibal. Missouri; al.so all the property
rtglite, Int-ircsts and choses In action acquireil
by'
Bald Waba.sh Company after Junel, 18-n, whether
nereinbefore described or not, except such as are
s.ild
by
decree expressly eiceiitcd from its operation: also certain lands and lots adjacent to
the
lipcj)
of railroad
aforesaid
m
Missouri,
Illinois
and particularly described In
the report of the special master bearing date Decemljorau. iM5. and Hied in this cause, the title of
whi.h lands and lots has been acquired by the receivers In said cause in the name of James K How
Trustee: and also all the right, title and interest of
the s;.id Wabash St. Louis 4 Pacific Rriliwa/ Com
any in and to «4«.«00 Union Bridge Coninanv bondsJ l,34a,(KK) llumeston 4 SheianUoah Kaiiroad Vom!
pany first mortga-o 7 per cent bonds; Jl.000,000
Wabash st. Louis 4 Pacific Railway Company ioneral mortgage B i>er cent bonds; *40O.0oo
VVabash
mortgage 7 percent bo ds of
SrM-'fJoo.'oVl'."?
lf!9: 1199.00(1 W all ish St. Louis 4 Pacific Railway
Company -Octroi I Oivision-e per cent bondji24S poo yuincy Missouri 4 Paelfic Railroad
Com pan
Inoorau bjiids; »l,;il,u00 Toledo Peoria
4 Te^^
mo bonds;
»«s'?A"','^'^'^?f'.i""''S'?{''!:«'''"'^'"°
»7Si,000
io:e o Peora4 Western Railroad
Company
Jihlo, Indiana, Iowa,
; ;
m« Tolado
IVnr.iiA \Vi ^t.«rn Itultmitd
wpli
iil'in
(
Ih'iml;
Vfl'i
of KiinajmCltv. Mo.;
CoiiMHiny; A.C^I? nIih
%ee»l ^ottces.
ilottccft
or
ALLTiiE PBOPEBTY, FEANCUiaEa,
BIUUTS, Ac.
Illi'lWliy r(Ulll';i"\
A
KilMr
aim OS
)i
I
or
,
Eiinv; VI,-'..; i -' .'
„
lailwiiy Ciuiu.unj. u.(H«t aj
villo
BprlinrHuM lUUnm
A
ClarlndH Sc St. IahU^
«lmn'«Qiilncy MtsHourl
mi
Southern Telegraph Co.
IU
\ I'u«BaBuiinmii
«
cnu-'mv;
|,oul» •'ttDinwft A ('udar Kuni.U
Kttllway Coiiiiiany; I .OSU t>harM Council Bluff-. A
-•
St. L' ul« Hiitiway ('oinpany; 7.88! »lmr'CotinL-ll Bluffs % OtuHhu Itallr..iid ('.'in
shares nrunswlek A ''htmc.tlie Itallroi
O.-l'-o
coainissioMERS' »al.e
,
-1...
i
ftlmrefl St.
<
f
shares Centroviilo Mnravla A Alt'
Comimny; 750 shunts Atltcju'ovinKtnn \ s .u'lieni
RallWHy Company: l.tlO.1 shuren Araoricnn UtsfriRcsr
at r Transit Comptuiv of lllliKils; fiO nhares VnUm
BriiltfO Companv of ToUmIo. (.: i7 .nhares St. Louis
County Kallroart Cnmpanv; 4,yi»4 khan's IVorla A
Pekin LTnlon Hallway Coiiipjiiy: «.mrt) shiin?s Cht
cago A We-tcrn In.lluna Ka Iroart foiupany; 12,500
share's St. Louis Bridno Comim-iv common stock:
l.imt shares St. Louis A Mississippi Valley Transportation <'ompany; steamers now on Lake Erie,
known as the " Kussoll Sajie." '.Tnhn C. UauH/'
"A. L. Hopkins" and - M' riev;" 15 Incomotlvea
manufartuiert by the Rhode Island Loeotnotlve
Works; 13 passenger ours manufactured by Barney.
Smith & Co.; 5b»»!K<M!ecurs manufactured by Barney. H lith A Co.: 1.210 fr('i;iht cars manufiictured
by Barney. Sm th A Co.; c Ttain rolling stock mentioned and dpscribod in certain a«reement» between
the Wab. ah St. Louts A Paelllo Itallway Company
and the New York A PrtClttr Car Trust Association;
lilts l.a. 3. 4,5. 6inb:ocktt SprinKer A Koxaddition
to the City of Chicago, Illinois; part of lot 32 of the
ABsessors' division of the nor hwest quar er. and
west lialf of the northeast qna-ter of aeciion 82.
township 39 no th. ni.ige 14 east, of the third principal meridian In Cook County. Illinois, the title to
which real e-taio above mentioned is In Solon Humphreys in trust for the pai Waba h corapiiny.
All
of which property *s more paitlcularly and spelticully described in said decree, reference to wnich
is hereby made f r a more full and perfect descriptto
thereof, and of the several parts thereof
and of the miereat of the Wabuah St. Louis A Pacific Uallwav Company therein.
And said property
will be sold subject to the terms and according to
the proTlsion of said decree, modified as aforesaid,
and subject to the prior liens of mortgages, deeds
of trus judgments decrees. le ses and contracts in
said decree specifically set f orth.except the lien of he
.rtgaKCs referred to in said decree as the *' general
mortgage" executed to the Central Trust Company
of New York and James Cheney, as trustees, and the
' collateral trust mortgage" executed to the Mercantile Trust Company of New York as trustee, under
which mortsages. to-wit. said general mortgage and
collateral trust mortgage, said sale is made.
The branches or O'-rtitmsof the Itnesof railroad or
propariy aforesiiid embraced in and covered by said
general mortgage tn which said Wabash Railway
Company has onlya leasehold or conditional titie,
may be sold separately from the other property
coverel by s.id mortta -e. if reiuest ror sucn
separate sale be made by the holde'^s of a majority
of the bond^ secured by said general
rtgage.
through their committee. Unless such requ>^.'«t be
made the Commissioner will first offer for safe all the
a,flS7
i
i
'
.
i
m
By rlrtue of the following decren ootend In tb«
causes of " Wlllhun Mataone. *«., m. Th« SnnUiara
releiirnph Company and othan" and •• The rarman'
Loan 4 Trust Company n. Hame"— tIi.:
.entered In said caiuea In tha Unltad
. "®^r®*
...
states
CIrouli Court for the Kaatarn District of VlrKlnlaon tbe Him dajr of Deeamber, IM8&
^.Decree entered In said eaosaa lo tha Unllatf
Westani District of
5'*iS? ^'^'"'.'!" <'""* '"'
U"
nortn Carolina on the 4tta day of rebraarr, ISSOt
8. Decree emered
lo said causes lo tlia
C roiilt Court for tbe District of SootbUBita*
•«Caro«—
lina on the 4th day of Kebroary. 1088
4. Decree entered In said causes in tbe
United
States Circuit fkrart for the .Middle IMstrlct of Alabama on the Sth day of February, 1806
States
.^.Decree entered In aald causes In the UnUed
Stales ( Ireult Court for tbe Northern District of
OeorKla on the lOth day of February, 1886—
the underslKned. Special Commissioners appointed
thereby, will sell at pnbllo auction. In front of the
Custom Hou.se
the City of Klehmond, VlrKlnla,
in
niARCH
27, tsse,
M. AW, THB RIOHT, TITI.K. AND
ISTEBK8T, OP BVKRV KI.VD A.ND Na¥ur£
?',J?."'°''""'
OF THB SOUTHKRN TELEGRAPH CO.MPAH?
12*?.'?.'" the line of telegraph to, from, and between
the City of Washington and the City of Belma. Ato.,
and the Tailous branches thereof (about 1,800 mllea
of poles and ab ui »,000 miles of wire), together
with all the Lands, i'ropertie-s, Kraochlses, Telegraph Lines, Cables, Poles, Wires, Instrumenti.
'tools.
Apparatuses. OIBces, Fixtures. Patanta,
Patent- Rights, Contracts, Leases, Securities, Righta,
Claims, Inierest, and Demands of every kind, nature.
and description whatsoeyer, wbereyer tbe same may
be or however situated, now held, owned, or posseaaed
by the said company.
The said telegrapti-line Is In good condition, and la
now doing a good business
The line will be sold subject to a tratBe arrangement now existing between it and the Mutual Union
'J'elegraph Company, which will expire at tbe optioB
of the purchaser July SO, 1886.
TKH.MS oir Sale: Ten per cent of purchasemoney in cash and a sufficient sum In sddltion to
make such payment as will amount to |50,000 tlM
balance within thirty days after sale.
Any fuith'*r information desired will be given by
A. L. BotlLWAKE, Receiver, at Richmond, Va.
A. 1.. "OULWARE,
;
H. B. TtlK.NBR.
Comnii.ssionera.
^tmst OPompantes.
m
and Interest "f sai>l Wabash Company In
line^ of railroad as aforesaid, with all the
franchises, rights, interest and property, real and
United States Trust Co.
riglit, title
OF
and to the
personal, nertaining thereto, and all rights of way.
equipments, structures, sh-^ps. tools, machinery and
materials properly belonginir orappurtenant to said,
lines and each uf them. Having, subject to the appr. vat of said courts, accepted the nig^'eat bid received for the pioperty covered by said general
mortgage. If s -Id as an ent-rety. or the highest bins
therefor, if sold separately, by request, as aforesaid.
said Commissioner will next ofler for sale the property embraced in the collatenil trust mortgage in
the order following: First, the bonds, stocks and
choses in acti'-n second, the cars, rolling stock and
equipment; third, the steamers; fourth, the real
estate or terminal in erests n Cook County. lIlinoi.a,
d' scribed in said instrument, and note the highest
bid received for eacli lot separately; and will then
offer all of aald properti sembraced In said collateral
trust mortgajic for sale together, and accept, subject to the apprval of said courts, the highest bids
made for said lota or narcels of property and securities when offtjred separately, or the highest t)id for
all aald property when ofl't-red togcthe% according as
the one method or the other shall produce the largest sum in the aggregate.
Before any bid for any properly iold under sa'd
decree shall be c ndltionally accepted, as aforesaid,
by said C mmis*ioner, the person or persons making
such bid will be required tj deuoatt with said Commissioner, or subject to hisord-Tin the Third National Bank in the Citv of St. Louts, a sum in cas
equal to 10 percent of the whole amount uf smd
bid. when the amount of snc'i bid shall be more
than glOit.OOO. and 20 per ceni on all bids below that
sum. In case any sucli bid shall be reiected y sad
courts, the deposits so made -hall be returned to the
bidder, but in case any such bid shall be accepted by
the said courts, and the parly making the .^ame shall
fail to comply wtth all the condltl ns of sale, and all
ide or to be made in resorders .)f ihe said court?*
pect thereto, in a cordance with the pruvlsir)n8 of
saul decree, the sura so deposited shall bo forfeited,
court
shall order. Whenever
and aoolied as said
any bid i-hall be accepted a id approved by said
court-* the party mak n*; the same ahull deposit In
such depository as the courts shall direct such additional cash payment as the said cou ts may require
^nd make such lurther aiah deposits as may be ordered by the said courts. After the purchasers at
such 8 .le shall have made such cash payments tis said
CO trts shall order they siiall h ive the right t«( dt(tcharge the remainder of th ir respective bids by the
use of said general mortgage and collateral trust
bonds at such valuation as shall be equivalent to
the uiatributlve ahare applicable thereto if the
whole sum bid had been bald in cash. Said courta
will retain control over said properties RDd Jurladlotlon over the purchji8<!rs thereof at said safe and of
;
•
*
m
all
persons taking said property through or under
eaid purchasers, until all court costs and expenaea,
the receivership, all the
all the exi>en3es of
claims and demands that have been or vany be
allowed against saiii property or any part thereof or
the receivers of aald e.mrts by orders thereof shall
be fully paid and discharged.
For more spedBc atatement of (he rights and
property to be sold, as aforesaid, and the terms and
cunditiuna of aald sale, reference la hereby made to
the decrees In thi« beb.tlf entered In the several
cjurts as bereiabefore stated.
KOMUND
I
w
T.
ALLKN.
Oominisaioner.
yEW
YORK.
No, 49 IVALl,
Capital
and Surplus,
This company
into court,
trustee.
and
is
Is
STREET.
-
$6,000,000
a legal depository for moneys paid
authorized to act as guardian or
INTEREST ALLOWED ON DEPOSITS,
which may be made at any time, and withdrawn after
Ave days' notice, and will be entitled to interest for
the whole time they may remain with the company.
Executors, administrators, or trustees of estatM.
and females unaccustvmed
to the transact ion of business, as well as religious and benevolent institutions,
will find this company a convenient depository for
JOHN A. STEWART, President.
WILLIAM H. MACY. Vice-President.
J AMES S. CLARK. Second VicoPrea't
money.
Dan. H. Arnold.
TRUSTEES:
W. W. Phelps,
(John H.Rboadea.
D. Willis James. Anson P. Stolcee.
Robt.B. Mintum,
Geo. H. Warren.
Geo. Bliss.
William I.ibbey.
Daniel D. Lord, Isaac N. Phelps, (John C. brown.
Samuel Sloan,
Erastus Corning.iKdward Cooper,
James Low,
S. B. Chittenden.lW.Bay'rdCuttlng
Chas. S. Smith.
L. TUORNKLL, Secretary.
LOUIS Q HA.«PTON. Assistant Secretary
|
Thomas Slocomb,
John J. Astor,
Wilson O. Hunt, John A. Stewart,
Wm. II. Macy,
8. M. Buok'gham
Clinton Gilbert,
H. E. Lawrence,
Charles E.
Bill,
I
HENRY
The Brooklyn Trust Co
Cor. of Montague & Clinton sts., Brooklyn, N. T.
This Company is authorized by special charter to
act as receiver, trustee, guardian, executor or administrator.
It can act as agent In the sale or management of
real estate, collect Interest or dividends, receive
registry and transfer books, or make purchase and
sale of Government and other securities.
Religious and charitable institutions, and persona
unac«?ustomed to the transaction of bnalneas, will
find this Company a safe and convenient deoaeitorr
KIPLEY ROPES. President.
for money.
EDMUND
W. CORL1B8, Tloe-Prest.
TRUSTEES:
K. F. Knowlton, HenryK BbaMoa,
JosiahO. Low.
Alex. M. White, John T. .Martin. C.D.Wood.
Fred. Cromwell, Uenrr Sanger,
A. A. Low,
John P. Rolfe,
Mich.Chauncey. E. W. Corllea,
Alex. McCue.
Wm.
.
wm. U. Mala,
Ripley Bopea,
B. Kendall.U. B. Pierrepont Abraa B. BayUa
J AS. Roaa CvaRjtu. Becrtary
Metropolitan Trust Co.,
Mills Building.
39 Wall
St.,
New Tork
CAPITAL, $1,000,A00.
PAID rP
as a legal Depoaltory by on»r of
Designated
8a-
preme Court. Receive depostta of money on Interaat,
act aa flsoal or transfer agent, or tmstee for corpormttone. and acoept and azeente any lesal tmat^frooi
persons or corporations on aa favormbla terms aa
other similar «>mpanies.
THOMAS HILLHOna«.Prealdent.
FRBDERIC D. TAPPBN.Tlce-Prealdent.
WALTBR J. BRlTTiM, 8ea«lary.
-
;
: ::
ganfe
^rnst (Bompvinits,
Union Trust Company
OF NETT YORK^
SVRPLVS,
-
LBGAI, DBPOSITOBT FOR MONEY
Accepts the transfer agency and reiilstry of stocks,
and acts as Trustee of niortKages of corporations.
Allows interest on deposits, which may be made at
anytime. ».nd withdrawn on five days' notice, with
Interest for the whole lime they remain with the
company.
_ ^
For the convenience of depositors this company
also opens current accounts subject, in accordance
with lU rules, to check at slKht. and allows interest
upon nie resulting daily balHuces. Such checks pass
throiwntbe ClearinK Mouse.
TRUSTEES:
C. D.
1.
T. Fairchlld.
C. Vanderbllt,
A. A. Low,
G. O. Williams,
K. G. Bemsen,
J. B. Johnston,
B. B. Wesley,
Edward Schel I.
I>. U. McAlpin,
Amasa J. Parker,
GeorffaB. Mrhart,
Samuel K. Barger,
HenryTStokes,
Bobert Lenax Kennedy, Geo. ('. Magoun.
D. C. Hays,
James Forsyth,
George Cabot Wtrd,
Bdward Ktnl,
«
EXECUTIVE COMMITTEE:
G. G. Williams,
E. B. Wesley,
Wro. Whitewrlght,
James M McLean,
Johnston,
C.
D. Wood,
D. C. Hays.
KING, President,
JAMES M. MCLEAN, First VIce-Pres't,
(::.
J\MBS H.OGILVIE. Second Vice-Pres't.
,
A'. 0. BONALDBON, Secretary.
Premiums paid
House
Clearing
Bll
AND
618
Trust Co.,
CHESTNUT STREET,
PHILADELPHIA.
11,000,000
Aothoriied Capital
Paid-up Capital
500,000
Acts as Kxecutor, Administrator. Assignee, etc.,
and executes trusts of every description known to
the law.
AU trust assets kept separate from those of the
Company.
Dr. George W. Kelly, HAJRKISBCBG. Pa.; J. Simpson
Africa. HfXTl.NGDO.v; Henry S. Eckert, Readi.vg;
E4mund S. Ooty, .VIiffi.i.vtown; W. W. H. Davis,
DoYLESTowx; It. B. MonaghaD, West Chester:
W. Cooper. Allentown.
IJauU
11
590,938
Ml,674
Legal-tender notes
Redemption fund with U.S. Treasurer (5 per cent of circulation)
Total.....
00
IB
27
86
00
00
34
00
00
77
70
00
28
90
00
41.2411
67
Deposits:
»2,6P4,104 88
IndlviduBis
2,374,090 45
National banks
836,686 54
State banks & bankers..
4,452 31—5,909,833 62
Certificates of deposit...
2,474,472 47
Acceptances
50,195 35
Cashier's checks
»9,733,52S 83
Total
County
York,
of
New
York,
ss;
State of New
the aboveI, AI.FHKD H. Tiwrso-V, Cathier of
named bank, do solemnly swear that the above
statement is true, to the best of my knowledge and
ALKHBl) U. TIMPSDN, Casbltr.
belief.
Subscribed and sworn to before me this 5th day
Kdui.v F. Corkv,
ef March. 1886.
Notary Public. New York Co.
Correct— Attest
JOHN T. AtiNKW,
HKNUY M. TaBER,
f
WILLIAM 1). MORGAN,)
J
Directors.
«»F
U. S. bonds to seicure circulation
Other stocks, bonds and mortgages
Due from other .Nat. bunks
Due from State bii'ks and bankers
Real esti.te, furniture und Uxtures
Current expenses af d taxes paid
Checks and other cash items
Exchanges tor Cleajing House
Bills of other banks
Trade
(3
Jk.
690,000 OtI
465,612 50
112,08194
;i.2'l 39
00
...
S01,783
30,139
84
1,428. ISO
15,000
7»i
44
03
00
26 7-1
80 OO
(0
5-.:8.668 00
pennies.
dc. liars
Specie
Legal-tender notes
Redemption fund with
205,63-J
Treasurer
U..**.
percent of circulation)
3 1,050 00
Total
»8,027,f58 74
LIABILITIX8.
Capital Stock paid In
gurnlus fund
Undivided proHts
National bank notes outstanding
Dividends unpaid..
Individual deposits subject to check
Demand
tl.000.000 00
5"0.000 00
5fl9,lS) 2i
00
497 50
2.928 073 61
13.964 28
602,rt(:0
.
.
certiflcutes of deD.>slt
Accepted drafts
897,077 7.^
Cashier's checks outstanding
100,173 50
Due to othernutional banks
1,080.167 89
Due to State banks luid bankers
31 2,055 to
Total
»8,027,b52 74
State of New York. County of New York, sa:
1, ARlllOH W.Shekmax, Cashier of the abovenamed bunk, do solemnly swear that the above
statement Is true to the bQ«t of my knowledge and
belief.
A. W. 8HER.MAN. Cashier.
Subscribed and sworn to before me this 5th day
THE TOXDITION «P THE
tV F«)LI{TU NATIONAL BANK OF THE
CITYOK.NKW YoUK.Hl .\cw Vor». In the State of
New Vi>rk,ultheclo.-eof busitit'ssMarch 1, 18S6:
RBSOUJtCES.
Loans and discounts
f !8,136,.S76
Overdrafts
643
U.S. bonds t u seen re circulation
200.000
U.S. bimd^.in hand
2O0,C0O
Other stocks, bonds and mortgages
143.503
Due from other nationul banks. ...
1.600.208
DuefroinState banks and bankers
48 H7rt
Real estate, furniture and Hitures....
600.000
Current exiienscs an.l taxes paid
23,002
Premiums
91
a?
00
00
58
3S
43
00
45
g.oot) 00
26.614 22
9,979 794 54
10 000 00
2S9 10
paid
Checks and (ttht.-r cash items
Exchanges for Clearing House
Bills of other banks
Fraot'lpaporcur'cy, nickels* pennies
Specie....
3.640,5.SH ,10
Ij(»al Jend(!rn. tes
1,593,63.3 00
of deposit for lega' lendprs
170.0
00
Redemption fund with U.S. Treasurer
iSpercem of circulati<jn)
9,000 00
Total
.t36,400,6iir99
LIABILITIES.
Capital stock paid Jn
13.800,000 00
Surplus fund.
640,000 00
Unilivido.l prollts
464.326 03
National bank notes outstanding
180000 00
Dividends unpaid
89 174 20
Individual deposits subject to check.. )7,99«!500 59
Deposits for acceptances
2,058,124 52
Demand certillcates of deposit
161 475 09
Casliier's cliocksoutstnnding
184'.621 91
Due to other nattontil banks'
11.1K7 600 56
Due to State banks and bankers
238i>07 09
( Total....... ...
t86,400.«2!» l^
State of New York. County of New York,«s;
U.
1.
•*
ctfj*.
ilE.Nity
HfCKHorT.Cnshitrof theabove-named
bank, do solcmoiy Ewe:ir that the above statement
true, to the best of my knowledge and belief
la
^
^^
Subscribed
.
HKNftYBUCKllOCT.
and sworn
of March, I8^6.
Correct— A^te^t
to before me,
D. O.
CaMlier.
6th day
tliis
Fanning,
BRAYNARD.
P. D. TAPPBN.
TH().V1AS DENNY,) Directors.
A. H. STEVENS. )
H.
L.
)
>
5
OF THE CONDITION OF THE
REPORT
A:)IERICAN EXCHANtJE NATIONAL
BANK, at New York, in the State of New Yttrk.ot
the close of business on the l.it day of March, 1886;
RESULTRCEB.
Loans and discounts
(18,646.928 74
Overdrafts
3,744 73
U S. bonds to secure circulat on
5(i.00O 00
..
Other stocks, bonds and nil irtgages
289.440 13
Directors.
986.442 70
b'kers
247,436 67
Real estate
849,390 26
Current expenses and t axes paid
56,480 1
Checks and other cash items
957,451 66
Exchanges for Clearing Hoase
7,035,336 64
Bills of other banks
41,127 00
Specie
3,079,957 93
Legal-tender notes
l,»0t(,000 00
Due frc m U. S. Treasurer, other than
per
cent
5
redemption fund
1,000 00
;_
Total
$32,960,73657
LIABILITIES.
Capital stock paid In
$5,000,000 00
Surplusfund
1,250.000 00
Undivided profits
State bank circulation outstanding
Dividends unpaid
262.783 31
6,801 00
11,413 50
Individual deposits subject to Check.. 15,776,869 38
Demand certitlcatcs of deposit
27.519 33
Certified cheeks
1,571,650 94
Due to other national banks
6.057,024 77
Due to State & private banks Ab'nker s 2,9iin.674 ,)4
Total
.....»82,960,TJ6 67
Slate of New York, (,'onntvof New York:
I, DCMONT Clarke, (jashler of
the American
Exchange National Bank, Now York, do solemnly
swear that the above statement Is true, to the
best of my knowledge and hellef.
DUMONT CLARKE, Cashier.
Sworn to and subscribed before me this cth day
of March. 1888.
J. J. BENNETT,
>
MVLLER A
EQUITABLE BtnLDINO.)
^ttavntv^s.
W.
William
Porter,
Attorney and Coun§elIor at Lair
No, 623 WALNUT STREET,
Pblladel^hia, Pa.
Corporation, Transportation and Commercial Law.
References:— The Trust Companies, The Natlooa
Banks and Railroad Companies in Philadelphia, antf
the Judges of any of the Courts.
A. Angier,
E.
Attorney and Counselor at L<aiv»
ATLANTA, GEORGIA.
PRACTICES IN ALL THE COURTS,
Uorporalion and Oommeircial Late a Specially,
Refers to Judges Stephen
Woods U.
8.
,1. Field
and
Supremo Court. Washington. D
Wm. B
C.
^tcamstitpfs.
ONLY
Direct Line to
France.
GENERAL TRANSATLANTIC CO.
NEW VORK and HAVRE.
Between
From Pier (new) 42. North River, foot of Morton St
Travelers by this line avoid both t,ransit by English
railway and the discomforts of crossing the Channel
a small boat.
ST. GKKMAIN. Bovcr
Wed., Moh. 17, 3 P.M.
ST. LMjHKNT, l)eJou98elln..Wed.. Mar. 24. » A.m.
AMKRlyUB, Santelli
Wed.. March 31,2 P M.
NOK.MANDIE, Do Kers blec. Wed.. April 7, 7 A, M.
in
LA NOHMANDip:, De Kersa»»y 12, P. M.; June 16, &
LA BOUROOGNK. June 9, LA CHAM-
The next .sallingsof
biec. April 7, at T^A. M.;
A. M.
I
PAU^B..)une23.
Price of PAflHAGK(includlngwlne);— To Havre-
First cabin, $100 and #H0; second cabin, $«0: steerage, $22— including wine, bedding and utensils. Return tickets at very reduced rates. Checks on Banqu9
Transatlantlque, Havre and Paris, in amounts to salt.
Special Train n-om Havre to Paris.
The Compagnle Generale Transatlantlque delivers
Us office In New York special train tickets from
at
Havre
to Paris. Baggage checked through to Paris
without examination at. Havre, provided passengers
have the same delivered at the Company's dock la
New York. Pier 42 North River, foot of Morton St.,
at least two hours before the departure of a^steamer.
LOUIS DB BEBIAN, Agent,
No. A Rotvllne Green.
mrr,
%
SAVINGS-BANKS
5
AND
CAPITALISTS,
.
Due from fithor natioiial banks
Due f mm State & private b'ks H.
I
have several long-time
(100 years)
SpercgKf
Net investments
from $10,000 to $250,000,
secured by Chicago Real Estate. Security
most satisfactory.
They are eqpa'l to U. S.
Bonds as to certainty of payment,-and largelyl^^est payable
better as to rate of income,
;
Very desirjble for-a'permanent
investment; with certain and .egufer income.
quarterly.
BROKER. P.O. BOX £30,
CHICAGO. ILLINOIS.
.
SECURE BANK VAULTS.
,
NotlirvPuhli... Kings !:•.
Cert ificate ti led In N. Y. Co.
.
Notary Public,
JOHN H. INMAN,
<). D. BALDWIN,
FRKD'KMEAD,
ON
WEDNK8DAYS AND SATURDAYS.
ADRIAN H.
SO]V^
No. 12 PINE STREET, NEW YORK.
OF THE CONDITION OF THE
REPORT
QAI.IiATIN NATIONAL BANK, at New
York, in the State of New York, at the close of business March 1, 1888
RESOITRCES.
Loans and discounts
(4,316,292 41
Overdrafts
61 04
of all classes of
iSTOCKS AND BONDS^
49,5
00
8,T<7 78
)
TJEPORT
SALES
00
t9,733,5W8 83
11,000,000 00
200,000 00
BONDS
REGULAR AUCTIOiT
rhe Undersigned hold
2. 475
LIABILITII8,
of March. 1888.
Correct— Attest
^tatjeittJCttt
20,000
12,n34
2,817,095
7,523
Fractional currency (including nickels)
Specie
FractM paper cur'cy, nickels
^
Buralar-Proof Safes t^ rent at
to $60 per annum.
Wills kept in Vaults without chartfe.
Bonds, Stocks and other valuables taken under
guarantee.
Paintings, Statuary, Bronzes, etc., kept in FirePrvot Vaults
Money received on deposit at interest.
JAS. LONG. Prest. JOHN G. READING, V.-Pres't
MAHLON S. STOKES, Treasurer ,t Secretary.
D. K. PATTERSON, Trust Oftlcer.
BiRECTOHS.— James Long, Alfred S. Glllett, Joseph
Wright, Dr. Charles P. Turner, William 8. Price,
olin T. M.inroe, W. J. Nead, Thomas U. Patton, John
G. Reading, Wm. H. Lucas, D. lluyos Agnew. M. 1).,
Jos. I. Keefe. Kubert Patterson, Theodor C. Engel.
Jacob Naylor. Thos. G. Hood, Edward L. Perkins,
PHii.AUEi.pniA; Samuel Riddle, Glkn Riddle. Pa;
Chas.
60.t
loan ctfs. of other b'ks
Checks and other cash items
Exchanges for Clearing House
Bills of other banks
EDWARD
The Union
2,000
188.047
28<.712
37.234
385.000
200,000
16,679
Banking house
Other real estate
Current expenses and taxes paid
Surplus fund
Undivided profits
Nat ional bank notes outstanding
Dividends unpaid
H. Frothingham,
George A. Jarrie,
Wood,
James N. Piatt,
63 44
55,000 00
and
At Auction.
»4,667,8S4 11
Capital stock paid In
James M. McLean,
Ambrose C. Kingsland,
James II. OKllvie,
8.
STOCKS
York, at the close of busineas on the Ist day
U. S. bonds to secure circulation
U. S. bonds on hand
Other'stocks, bonds and mortgages
Due from other national banks
l»ue from ^-tateA privitte b'ks A b'kers
XLn.
ilttcttott ii^ales.
OF THE CONDITION OF THE
REPORT
iToNTINENTAI. NATIONAL, BANK of
New
Overdrafts
Antiiorized to act as Kxecutor, Ailministrator,
Goardian, Receiver, or Trustee, and is
Wm. Whitflwrlght,
Henry A. Kent,
K T. Wilson,
Wm. F. Russell,
fVoL.
^tatjeittjeutB.
RESOUROSS,
Loans and discounts
$1,000,000
$2,000,000
CAPITAI>,
^
'
of March, 1886;
78 Broadway, cor. Rector St., N. Y.
J. B.
1
THE CHKONICLE.
iii
A
—
:
Correct.- Attest
JOSlA
l(
*l.
FlSKK.i
GEORUKBLIsy,
J.
H.
MAXWELL,
)
)
Directors,
WELDED CHROME STEEL AND IRON
and 5 ply Plates and Angles
VAUI/18, &0.
Cannot be Sawed, Cut or Drilieil, and practiOftUr
Burglar- Pro^,
In
Round and
Flat Bars,
FOK SAFES,
ClIROIHE STEKi^ IVOKKS^
BnooKLVN, N. 'i,\
OrotUarB Free,
^
Mabcu
13,
THE CHRONICLE.
1680.J
Ittsttxratuce.
Insuvattce.
Insttvancc.
mARINK AND
MUTUAL LIFE
NEW
OFFICE OF THE
INSURANCE
ATLANTIC
OP
CO.
NEW YORK,
Tlie
In conformity to the Charter of
siibniH the following Statement
on the 31et Deccmbur, 1885:
Premlnmson Marine Risks from
Ist January, 188S, to 31et
December, 1885
$3,856,618 66
Preminnison Policies not marked
1,339,525 10
ofl 1st January, 1385
-
Bunincu and umur
AneU
„„
l.liitmA
Jannarr I, Iflex
W.irVi,<(0 IIOMW,
tlflcataa
B'!;^^v>^r5^l!,'",i^^X'ff',^^^
"
M
I0i.a»7
msjsnn
Premium*. Re-ln-
EV^ThlaCompanrlmaeaCe
$103,876,178 51
-
I
EQUITABLE
of its afTiiirs
77,406
flB
tTiajU
W
P««l^t.
of laearaiieiL
B.m.^.M'aa
Total Marine
Freminms
Premiums marked
off
$5,196,143 76
January
Assets,
Losses paid during
period
from 1st
the
Income
1,
1885
$58,161,925
10,483,617
15,003,480
in 1884
Paid to Policyholders during
Ia8t25year8
January, 1885, to Slst December, 1885
$3,770,094 30
'^inaliniinenta of Cotton. Con.
ira«t» for Knture Uellverr of Cotton boncht
"v.»»«. .oa
an4
•old on oommlMlon.
81,072,486
& Co.,
IWDISPIJTABLE ASSVRAIVCEg Robert Tannahill
AND MAKES
$1,915,020 67
$776,712 42
The Company has the following Assets,
United States and State of New
York Stock. City, Bank and
otherStocks
PROMPT PAYMENT OF CLAIMS.
The United
viz.:
$9,034,685 00
otherwise
Real Estate and Claims due the
Company, estimated at
Premium Notes and Bills Re-
1,438,600 00
Cotton Commlgglon Merchants,
Cotton ExehanKe BalldlnK, Nevr Tork
States Life
Insurance Co.
THE CITY OF NEW YORK.
IN
(ORGANIZED IN
Loans secured by Stocks and
261, 202
Special attention fflren to the pnrohaae
Fntare Contract.!
In
1800.)
& 263 Broadway, New York.
183
BR08NAN, President.
Fbauioh, Sec'y. A. WHiwi.wRiaHT, Asst See.
T. H.
530,000 00
ceivable
1,508,143 5^
228,897 88
Bank
Amount
COTTOIV"
AdTanoea made on
THE socarrr issues
same
Returns of Premiums and Expenses
In
Cotton,
LIFE ASSL'RAKCE SOCIETY, Henry M. Taber & Co.,
120 BROADWAY, NEW YORK.
141 PBARL ST., NEW YORK.
Surplus at 4 per cent
Cash
Pf'
Total
14, 1842.
iimiW) 00
'>'
Rates Lower than other Companies.
Assets,
Y.irkCity Banlta....
Bjinii xf.,.ki..f .S..W
Tnntpen,
Company,
the
January 23, 1880.
INBVBANflK <OmPANV,
WAI,I, BTKKrtT, NKW YORK.
«
0nifed SlatM 8«™rlilB«
LIFEd ENDO WMENT POLICIES
ORGANIZED APRIL
WpVwPMAWOM
ASNKTB.
PreBident.
ISSVBS EVERY DKBORIFTION Ot
Mutual Insurance Co.,
NfcA
COMMERCIAL MUTUAL
YORK.
McCURDY,
R. A.
I
$12,740,326 46
SIX PER CENT fNTEREST on
the outstanding certificates of proflte will be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 2d of February next
THE OUTSTANDING CERTIFICATES
of
C. P.
New York and
and mU* o
LlTerpool.
Farrar & Jones,
PEARL STREET, NBTT TORK.
Liberal advances made on Cotton oontlanmaat*.
Special attention friven to ordera for oonCraotafor
fntare delivery of Cotton.
Oko. H. Burford. Actaarr.
KCRE, FARRAR *
All the proats belong to the Folic j-holders ezcla-
CO.,
NORFOLK. VA.
slvely.
AU
Policies issued by this
ABLE aftertbree years.
Company are IKDISPUT-
WALTER & KROHN,
All Death Claims paid WITHOUT DISCOUNT as soon
as satiBfactory proofs have been received.
COTTON BROKERS,
This Company issues all forms of Insurance, including Tontine and Limited (Non-Forfeiting) Ton-
53
BEATER STREET, NBIT TORK
tine.
F.
One month's grace allowed in the payment of
Premiums on Tontine Policies, and ten days' grace
Hoffmann,
the issue of 1881 will be redeemed and paid to
the holders thereof, or their legal representatives, on and after Tuesday, tUe 2d of February
neit. from which date all iutereat thereon wili
on all others, the Insurance remaining in full force
during the grace.
Absolute security, combined with the largest liber-
COTTON BROKER AND AGENT
38 WTTR nVt LA ROTTRSK. HAVRE.
cease. The certificates to be produced at the
time of payment and canceled.
assures the popularity and success of this com-
pany.
James F. Wenman & Co.,
A DIVIDEND OF FORTY PER CENT
Is
declared on the net earned premiums of the
Company, for the year ending Slst December,
1885, for which certificates will be issued on
and after Tuesday, the 4tli of
By
May
next.
order of the Board,
J. H."
CHAPniAN,
Secretary.
ality,
GOOD AGENTS, desiring to represent the Company, are invited to address J. 8. GAFFNKY, Superintendent of Agenciea, ut Home Office.
$38,615,319
85.857.837
2.757,4\n
5.411.311
(
3urplU8(New YorkStHndard)
H
A. A. Raven,
Wm.
John
James Low,
Sturgis,
Benjamin H.
James
Field,
Josiah O. Low,
I,
William Degroot,
Boraoe Gray,
William E. Dodge.
Hand,
John
D. Hewlett,
George
A. A.
Bliss,
Hawley,
William D. Morgan,
Anson W. Hard,
is
TUE SEW YORK
continukd in
Moist Letter Copying Book.
(Patented November
Life Insurance
Ali^TATS
E. L.
59
Company
Its
President.
Vice-President.
LOSSBS
PAID
and uniform.
Prices Reduced.
PllOMPTI.Y A.ND
I) SCO U .NT.
Iilat.
JOSEPH CI LLOTTS
STEEL PENS
Law.
WITHOUT
strong, reliable
and popular: and
a Tnrlety of policies suited to the different
ciriurasiarices of Intarers.
latue!'
is
Send for Piiee
Agents for circulars
Non-Forr«ltiire
1
The Company
READT.
FAKGO, Sole Manufacturer,
BEEKMAN ST., N6.W YORK.
1819.
explaining
Tbe Maine
18Ta)
In the use of " This Book," the Kroat annomee of
water, brushes, clutlis. Ac., is done away with—the
bi)Ok Is ready at all tliues to copy inu numJwrof letters at once. Parties uslnit same pronoonoe It th«
very thine they want; the oupiea are clear, dutlnet
PORTLAND, MAINE.
JOHN E. DE WITT, President.
OUGANIZKD
setta.
CNIFORin COPIES. SATES TIISE.
NO W^ATER. NO BRCSH.
UNION MUTUAL
Write to the Company or
MOORE, 2d Vlce-Pres't.
RAVEN. 3<l Vice-President
H.
;
Uonses.
PoucE as lonK as its value win pay for; or. If preferred. H Paid-up policy for its full value is issued In
excliatiKC.
Aiier the third year Policies are incontestable.
except as aealnst intentional fraud; and all restrictions as to trnx'-el or nccupation are
'lorcrf.
Cash loans are made to the exte of 00 percent
of the reserve value, wliere valid assi^ iionta of the
Policies can be made us cnllateriU seour. v.
I^ossES paid liutueiliately upoDcompleiion andap
proval of proofs.
Thomas MalUand.
JONES,
33
70
63
50
PoUclen Absolntetr Non-Porfeltable
After Second Year.
In cask of lapsk the Policy
COTTOM
for SP1N.NER8 and BXPORTOBS.
COKKSSPONDSNCI SOUCITKD.
RIFXRKNCK8.— National Bank of Aniniita, Oa
Henry Henti A Co., Commlaslon Merohanta, Neil
York William B. Dana A Co., Proprleton ComaBciAL A Financial Chbonicxk. and other New Tork
E.
Isaac Bell,
Edward Floyd-Jones,
CHARIJ:^ DENNIS,
II.
Forest,
Leverlch,
L. Riker,
Henry
William H. Webb,
harles P. Burdett,
dmund W. CorUes,
D.
De
D
N. Denton Smith,
WUliam n. Macy,
C. A.
W.
O.
Charles
Thomas B Coddlngton John
JOHN
Elliott,
AVGVSTA, CEORGIA.
TO ORDKK
President.
Assets Market Values)
Charles
Marshall,
Frederick H. Cossltt,
William Bryoe,
CargiU,
Entire attention Kiven to pnrcbaae of
Surplus
Adolph Lemoyne,
Robert B. Mlnturn,
&
N. T.
1X40.
COTTON BROKERS,
LIFE INSURANCE COMPANY,
-----
Tontine Bnlldlnsi
Alexander
MUTUAL^BENEFIT
Liabilities (4 per cent Reserve)
J. D. Jones,
Charles Dennis,
W. H. H. Moore,
PEAFI. STREET,
BBtabllataed rin
AIVZI DODD,
TRUSTEES:
COTTON BROKERS,
No. 113
'
SoioBv ALL DEALERSTMnouoMovT The WORLD
OOLO fvlEDAL PARIS EXP0SITI0N-IB7a.
IHE CHKONICLK.
& 18 Exchange Place
INMAN,SWANN&Co
LOANS HADB ON ACCBPTABLB 8BCURITIK8.
\
—with interest upon balances.
New
WANTS
Special attention paid to INVB8TMBNT8 and
accounts of COUNTRY BANKERS.
York.
OF 8PINNBK8,
Offered on terms to Suit.
Gwathmey &
& Co
G. E. Staenglen,
COTTON EXCHANGE BUILDING,
NEW YORK, NEW
YORK.
ORLEANS,
COTTON COMPANY OF STUTTGART.
&
C O T T OKI
COFFEE
NEW YORK COFFEE EXCHANGE,
G.
Correspondents
Co.,
WARE & SCHROEDER.
COTTON COMMISSION MERCHANTS,
Henrt
Bullard.
.L.
Bullard
:
Lehman, Durr &
John
&
H. Wheeler.
Wheeler,
FRANCIS
BAGGING AND IRON TIES,
comnissioN inEacHANTS,
Advances made on Cotton Consignments and Special
Attention given to pureiiase and sale of FUTURE
Church Strbbw
;
gass
^^
A Co.
Fielding
133
PEARL
New
1S6
ST.,
GRAYIER ST.,
John C. Graham
YORK.
&
Co.,
II W^ater Street, I.IVEKPOOI.,
OTRKRT.
Geo. Copeland
&
Price,
'
Co.,
COITON BROKERa,
PE*n i^TKW!WT, IVBW YORK
FELLOWES, JOHNSON & TILISTON,
COTTON, STOCKS, BONDS, Ac.,
as WILLIAM 8TKKET,
NEW YORK
Olter. la
••
Receive conslKnments of Cotton and other Produce,
and execute orders at the Exchanges in Liverpool.
Represented in New York at the office of
I
Tainter,
COTTON MERCHANTS
97 PH^Hl.
184
BABCOCK&CO.
SAM'L
F«t.r«" .„„,«,
., N. r.
coiton Rxoh.
BABCOCK
D.
Nassau Street,
Reid
1,
1886
JAS. A.
2.057,776 24
3,202,320 41
$'",260,096 65
New
St.,
ALEXANDER,
North
&
New
York.
Co.,
Gotton Brokers <fe CommiBsion Merchants
York.
Asent.
British
Mercantile Ins.
Co.
OF
LONDON AND EDINBVRCH.
U. 8. Branch Statement Jan.
Invested and Cash Fire Assets
LIABILITIES.:
Reserve for Unearned Premiums
Reserve for Unpaid Losses
Other Liabilities
Net
1,
1885.
$3,301,747 61
—
I^
COMMISSION MERCHANTS,
^JJ^^r^uture ContracU executed in New York
Jan.
No. 3 Cortlandt
Hopkins. Lucius Hopkins Smith
Charles D. Miluer.
ORDERS FOR Future Contracts Executed
New York and Liverpool.
B. F.
Bnrers of Cotton tor a Commission
&
C.
$4,000,000 00
unpaid losses
and re-iusaranoe fund
Netsurplus
Asseti)
Special Attbntion Givkk to the Execution
NEW YORK.
Cotton Commission Merchants,
N». 19 80I7TB WILLIAin STREET
Netr York.
BKLMA, ALA.; MONTGOMERY, ALA.
Waldron
Orleans, La.
COMMISSION MERCHANTS,
COTTON EXCHANGE,
NEW
Company
Liabilities for
D wight & Co., &
COTTON
16 ana 18 Bxchanee Place,
Sec'y Local Dep't.
OF HARTFORD.
Hopkins,
COMMISSION MERCHANTS
_POBT BtriLDINO.
New
Yorli.
GUSTATUS
COTTON FACTORS
$4,342,430^
President.
Capital
OF ORDERS FOB FDTTJEB CONTRACTS.
& Gwynn,
BUUKB.
Insurance
Nevr York.
Orders executed at the Cotton Exchanges In New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our correspondenu In Liverpool
Messrs. L. Kosenhetm &
Sons and A Stern & Co.; in London, Messrs. B. New-
P.
CONTKACTS OF COTTON.
Mohr, Hanemann& Co.,
EXCHANGE PLACE,
MXMBER8 OF THE OOTTOy, COFFEE AND
PRODUCE EXCHANGES.
2«7,827 87
640,901 18
iETNA
(FOR BALING COTTON).
Factors
2,3yo.985 VS
WM. R. CROWELL. Vice-President.
PHILANDER SHAW, Secretary.
WM. CUAKTEKS, Assistant Secretary.
ALSO
Co.,
BRO'S,
004
Reserve for unearned premiums
Reserve for unpaid tosses
Netsurplus
COTTON COMMISSION MERCHANTS
NEW YORK.
Montgomery Ala.
VvJiows OFFICE, No.
195 Broadway, New York City.
Company 1st Day of Jan., 1885.
CASH CAPITAL
11,000,000 00
Office,
STEPHEN CROW^ELL,
AND
No. 40
Phenix Insurance Co.
OF BROOKLYN,
statement of
NEW YORK.
and
Messrs. Smith, Edwards & Co., Cotton Brokers,
LlTerpooI.
Jaa. Lea Mclean. New Orleans.
Cotton
&
Schroeder
and
CHICAGO BOARD OF TRADE.
LEHMAN
CO.,
niONTGOinERY, ALA.
Cotton Exchange Building,
NEW YORK PRODUCE EXCHANGE
Orleans, La.
&
H. CL.ISBY
Purchase only on orders for a Comhissiom
AND PROYISIOIVS
LlHUAN, Stern & Co.,
and Pro
Paid-Up Capital, R. M. 6,000,000.
Successors to
IttheNKW YORK, LIVERPOOL AND NBV? ORLBANS COTTON KXCHANGB8. Also orders for
New
JOHN
also for Grain
;
York.
AutbOTized Capital, R. U. 20,000,000.
Co.,
8 South WllUam St., New York,
BZECUTB 0RDBR3 FOR FUTURE DELIVERY
the
and Liverpool
New
COTTON BUYERS,
COMMISSION MERCHANTS,
at the
New York
City.
Henry Hentz
GRAIIV
NEW YORK.
ST.,
Orders for future delivery of Cotton executed In
visions in
Cotton, Coffee, Grain and Petroleum Bought and
»t the
PEARL
No. 123
AGENT FOB
Bold for Casb, or carried on Margin, on the various
New York
Bloss,
COMMISSION MERCHANTS,
,
COMMISSION MEECHANTS.
Bjcchanges in
Sons,
BANKEBS,
14 NASSAU STREET, NEW YORK.
Personal attention given at the EXCHANGES to
the purchase and sale of STOCKS and BONDS for
cash or on marKlu.
DEPOSITS RECEl VKD— subject to Check at sight
ATTINTION to ORDSBS fob CO^rTRACTS
lOB FnruBK Dklivirt of Cotton.
COTTON, ALL GRADES, 8DITABLB TO
P. Hatch.
BRANCH OFFICES J g* ^i'a^SMjrr.'^'Ji^'viB
COTTON MEKCHANTS,
SPECIAI.
NEW
l.-JSii.
Arthur M. Hatch.
W. T. Hatch &
NEW YORK.
R. Macready
Henry
Walter T. MateA.
Nath'l W. T. Hatch.
Stillman,
MERCHANTS,
Post Bnildiu^, 16
13,
iS/oXXau,
Cxrtt0ti.
Woodward &
[March
(liurpluii
$1,153,063 86
179,379 97
44J48 4t
.l,»l«4.35a ST
$3,301,747 61
8. In 18 years .813.'J1 0,33'.j 00
Branch Office, 54 William St., N. Y.
CHA8. E. WHITE, SAM. P. BLAUDEN,
Losses paid In V.
U.
.
8.
Managers.
JAS. F.
DUDLEY,
Supt. of Agencies.
Commercial Union
Assurance
Co.,
limited,
of london.
NORFOLK, TA.
made on Cotton conslgnmenu.
ai'"!*^"'.?''^*,'"'*'
special attention given to the sale of cotton to
arrive or in transit for both foreiioi
marn. t-s- t orreRuondencft solicited. and domestio
Dennis Perkins
&
OFFICE:
Co.,
COTTON BROKEK8,
135 Pearl Street, New York.
"" *"*" <'""o° •"* J'ltores promptlj
•zeratwl
Cor. PiJte
& William Sti
New
York.
@FedFRASER