Full text of Commercial and Financial Chronicle : March 14, 1885, Vol. 40, No. 1029 [Copy 1]

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ontmctru
HUNT’S

MERCHANTS’

MAGAZINE,

gi- WcdUtt
REPRESENTING

THE

INDUSTRIAL

AND COMMERCIAL INTERESTS OF THE UNITED STATES*

^Entered according to act of Congress, in tlio year 1885, by Wm. B. Dana & Co., in the office of tlie Librarian of Congress, Washington, D.

|

CONTENT8.

At New York the total clearings are $512,245,391, against
or a decline this year of
market value of the share transactions

$860,677,806 in 1884,
THE CHRONICLE.

Clearing-House Returns

The

319

The Partition of the Pacific... 327

320

Monetary
and
English News

/

NO. 1,029.

SATURDAY, MARCH 14, 1885.

VOL. 40.

C.J

40’5
on

per cent.
the Stock

Exchange is $120,932,000, against $145,133,000 a year ago, and
deducted, we have left $270,381,391
322 Commercial and Miscellaneous
News
329 and $570,411,806 to represent the New York exchanges having
Railroad Earning** i m February,
and from Jan. 1 to Feb. 28.. 323
other origin, or a loss of 52’6 per cent this year.
With New
THE BANKERS’ GAZETTE.
York excluded the week’s total is $247,352,325, against $266,
Quotations of Stocks and Bonds 333
Money Market, Foreign Ex¬
940,142 last year, or a falling off of only 7*3 per cent. Pre¬
Railroad Earnings and Bank
change, U.S. Securities, State
The Financial Situation
St. Paul’s One Hundred
lions of Debt

and Railroad
Stocks..

Bonds

Mil¬

331

Stock Exchange

328

334
Returns
Investment and Railroad In¬

and

Range in Prices at the N. Y.

Commercial

335

telligence

332

if double these values be

sented in
as

our

follows

usual form the details for the different cities

i

Week Ending March 7.

THE COMMERCIAL TIMES.

1884.

1885.

314

339 | Breadstuff's
339 | Dry Goods

Commercial Epitome
Cotton

are

:

345

Week Ending Feb. 28.

Per Cent.

1885.

$512,245,391

$860,677,806

(1,836,984)
(335,100)
(35,950,000)
(64,802,000)

(1,956,007)
(235,200)

(25,131,000)
(86,112,000)

$68,992,403
3,521,500
1,536,424
1,122,203
823,869

$62,043,880
3,847,500
1,739,851
1,030,266
829,446

-11-7

Worcester

602,178

674,166

-10-7

Springfield

737,364
357,020

805,757
480,718

-25-3

731,835
772,256
574,015
000,733
340,101

New York

of—
(Stocks....shares.)
(Cotton
bales.)
(Grain.. .bushels)
(Petroleum..bbls.)

Percent

-40-5

$423,037,387

-370

(-61)
(+42-5)
(+43-0)
(-24-7)

(1,681,022)
(516,000)
(34,081,300)
(85,066,000)

(-26-6)
(4-29-8)
(45P8)
(4106)

+11-2

$54,089,614
2,912,700
1,280,130

-2S-8

Sales

Chronicle.
The

Commercial and Financial Chronicle is
New York every Saturday morning.

published in

Boston

f Entered at the Post Office, New York, N. Y., as second-olass mail matter. I

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nivA
) WILIilAHI B. DANA & Co., Publishers,
WTttt»w n

Cleveland

“JSnvn*A,>^

JOHN G. FLOYD.

T9 & 81 William Street, NEW YORK.
POST qffice Box 958<

Total Middle....

Cincinnati
Milwaukee

Columbus
Peoria
•

Total Western...
St. Louis

CLEARING HOUSE RETURNS.

•

Although the exchanges for the six days under review record
a laTge gain over previous periods, and are therefore more sat.
isfactory, the decline from last year is in excess of preceding
weeks. This is due wholly to the unusually heavy^clearings at
New York for the week of 1884, the increase then over the

Louisville
Kansas

City

Memphis
Total Southern..

San Francisco
Total all

+8-9
-0-7
-8-5

-4-0
—28-3
-279

-0-5
-26-1

-19-0

-26-8

$77,693,861

$71,451,584

48-7

$02,201,384

-70

$42,042,466
7,036,252

$51,909,265
9,‘93,000

—19-0

-35-4

-28-9

12,341,193

12,114,028

410

$33,544,105
0,180,052
9,825,929

-374
—10-6

$73,916,293

-100

$49,559,086

-32-

$42,161,186
9,120,500
3,400,445
2,580,362
1,080,760
1,877,811
1,352,601
954,002

$49,425,995
10,680,200
2,942,752
2,047,334

-147

$34,550,653
6,670,800
2,600,264

—170

-110

1,587,928
2,000,130
1,285,899
1,038,910

-31 0

45-2

2,135,544
862,160
1,419,658
992,782

-8-2

679,085

$62,527,727

$71,609,148

-12-7

$49,970,946

-20-7

$15,013,345
818,268
8,108,983

$18,057,424
937,271
11,166,191

—16*0

$11,547,252

-323

-127
-274

482,122
8,433,192

—13-9

4,776,599
3,685,159
2,021,037

4,497,098

46-2
423-5

3,206,732

—31-9

2,983,629

3,392,952

1,412,474

443-1

1,663,921

40-6
431-1

$34,423,391

$39,054,087

-11-9

$28,726,171

-22-5

$11,287,435

$10,909,030

43-5

$8,732,561

-19-8

$759,597,710 $1,127,617,948

-32-6

$622,227,535.

-32-6

■

$61,419,911

"

St. Joseph
New Orleans

-8-5

-14-6

410-0
-25
-6*1

-27-0
-241
-39-6
-27-3
-31-3
—36-1

—42-9

By telegraph we have received the returns from a few of the
previous six days being nearly $200,000,000, while the total for leading cities outside of New York for the five days ending
the succeeding week of 1884 reached only $578,598,368, or
with Friday, and give them below in connection with the ex¬
$282,079,438 less than that for March 8, 1884.
changes of this city. At all points a decrease from the figures
With regard to the improvement the present figures show
of the preceding period is exhibited, but at Philadelphia and
over those in former statements, it will be noticed that it is par.
New York the falling off from 1884 is less than on March 6.
ticipated in at almost all points, and is very clearly seen by Boston, however, exhibits a loss now of 2*5 per cent against a
comparison with the latest exhibit which included six days, gain of 15T per cent a week ago.
that for February 21, when the total for all the cities was
Five D'ys End'g Mar. 6.
Five Days Ending Mar. 13.
$678,374,718, against the present, aggregate of $759,597,716, or
an increase of $81,222,998.
Per Cent.
1884.
1885.
1885.
Per Cent
Nine cities now record exchanges
in excess of a year ago, Memphis leading with 43T per cent} New York
-21-8
-49-5
$491,000,059
$431,234,735
$384,049,358j
(47-9)
(47-1)
(1,532,060)
(1,056,833
followed by Kansas City, 23*5 per cent, Milwaukee, 19 per cent, Sales of Stock (shs.)
(1,139,556);
-2-5
58,994,153
415-1
Boston
51,424,357
50,138,6881
and Boston, 11*2 per cent. The New England section exhibits an
-19-8
-12-4
36,287,519
38,003,43£
.33,294,791;
Philadelphia
increase over 1884 of 8*7 per cent, and the Middle, Western RftlMmnrfl
Not! received
41-5
10,611,369
-25-9
12^035^283 -18-4
14,825,511
and Southern sections fall behind that year; but the losses are j St. LouU
10,978,616j
-39-0
$478,461,453' $595,253,304 -19-6
$549,763,059
|
TV4rI
less than previously recorded.




•

,

England and

in Europe between

The threatened war

not

SITUATION

THE FINANCIAL

fVOL. XL.

CHRONICLE.

THE

320

only in the East, but in almost

all parts of the country.

might be called a temporary spurt and attributed to the
lifting of the snow blockade in the North and to the better
weather in the South, were it not that it was apparent all
It

Russia, has been the leading influence of the week, affect¬
ing nearly all industrial interests. Its significance, so far
through December and January, and only interrupted by
as America is concerned, arises out of its connection with
the unusual severity of the weather in February.
We do
our breadstuffs productions and the low prices now rul¬
not mean to be understood as affirming that we are out of
ing for them.
Had wheat been already high, an the woods or that every industry is fully or profitably at
advance would be of little importance except to the holders
work again.
Nothing of the kind can be said, for short¬
of the article itself; but with a low range of values which
ened production and in many departments unremunerative
net to the farmer a very scanty return, an advance is
prices are still the rule ; yet the significant fact is, that
interpreted to mean a freer and profitable marketing of
previous to December we were going backward all the
the remnant of our crops, ensuring more traffic for our
time, while now there is an opposite movement in progress,
railroads,

more

spending money for the farmers, more

a growing demand
for goods, which, if it continues to
inquiry for goods, and so on,
expand as in the past, must gradually lift us out of our
Such hopes as these seem under the circumstances to be
difficulties.
It is just as absurd to ignore this as it is to
reasonable should war unfortunately be the result of the
overstate it, and in our judgment even less wise.
present difficulties, for a blockade of Russian ports would
A conspicuous evidence of the change is to be noticed
cut off Russia’s supply of wheat, while an army in the
in railroad earnings.
We give in another column our
north of India would tend in a measure to divert India’s
monthly review for February. Of course there is a loss
crop, creating a need for our surplus food at remunerative
in gross as compared with a year ago, for the differences in
prices. But warlike messages between nations are very the weather conditions were so extreme; but the loss
far from actual hostilities, -and especially when the threat¬
indicated is under the circumstances trifling, being only
ened war involves two belligerents like those now con¬
$250,000 on 50,000 miles of road. Such results, with a
cerned.
On the one side we have the Gladstone Ministry,
very considerable portion of the mileage out of use for a
which never means to fight and never will except it is
third of the month, and some of it longer, are much
accidental; on the other is Russia, a wonderful nation for
better than was expected.
Turning, however, to later
waiting; she will keep crowding so long as it is not too
reports, now coming in, which reflect the situation since
risky, then stop and bide her time. Still, as war is a pos¬ the weather changed
and the roads were at work again,
sibility, and as it may affect us at so many points, every the record as far as received surpasses the most sanguine
rumor has its influence.
Some idea of the extent of the
anticipations. We have brought together the figures from
decline and the importance of any prospective rise in the
the reports of a few of the more important companies received
values of our food products, may be gathered from the
for the first week of this month, the roads being situated in
following summary made up from the statement of exports various
parts of the country, and they indicate pretty much
of breadstuffs and provisions for February issued this
the same condition everywhere.
An average increase of
week by the Bureau of Statistics. ‘We have added the
15 per cent in gross, as here shown, gives strong evidence
totals for the two previous years for comparison.
of new energy and new life in the traffic movement.
£f

BREADSTUFFS

OF

EXPORTS

AND PROVISIONS FOR

FEBRUARY AND FOR

Exports
from V. S.

1883-84.

February. 8 Months.

February. 8 Months.

5,0 9,722
385,734

Flour.. .bbls.

Corn.

67,399,004
6,702,636

9,053,525 97,830,920
7,243,040 27,598.340

Wheat, bush.

.hush.

16,898,571 125,429,206

Total bush..

Corn & meal.

Rye
& oat
me.il*

624,380

8 Months.

9,884,187 107,202,509

*

$

11,959,162 137,230,592
3,814,019}. 11,191,999
689,529
09,944

Oats

283,931
12,385

Barley.

1,023,298

61.949

310,079

21,264

709,353
237,718

14.3S5
14,900

115,101
203,922

Total bread-

stuffs, value
Provisions
..

Total

15,773,010 149,431,143

13,033.514 109.760,135
7,421,588 71,404,194

10,084,022 110.383.674
0,960,475 78,108,040

20,455,102 181,104.329

17,044,497 188,491,714 25,505,050 216,428*241

9,792,040

60,907,008

pro¬

and
breadstuffs..
visions

*

corn

statement

shows

16,898,571

of

a

and
February, against

total export of wheat

bushels

this

9,884,187 bushels last February, and 15,032,617 bushels
in 1883, and yet the values of these articles are so
much lower now that the total for wheat and corn is

only about 12f million dollars this year, against 9£ millions
last year

and 15|-millions in 1883. Under such circum¬
these one can easily understand the sensitive¬

stances as
ness

of

our

markets to

war rumors

between such nations

Russia, especially when the threatened
war in some measure involves India also.
But aside from the stimulus business hopes have received
from this source,there is obviously in progress just now some¬

as

Great Britain and

thing of a revival in commercial jiff;airs.




Illinois Central-r-IIl.Line & So.
Do
Iowa lines
Louisville A. Nashville
Norfolk & Western
Rochester & Pittsburg
St. Louis &

Total

This is observable

San Francisco

Div

cent)

FIRST WEEK OF MARCH..
Increase.

1884.

$

$

420,104
430,000
30,224
108,795
233,500
3G,0L7
294,945
47,633
25,528
80,803

372,87(3
340,435

1,719,669

(10 roads)

Net increase (15 per

27,350
91,204

18,273

7,255

.

9,083

89,916

1,495,809

*

8,874

40.569

264 590

$

*

53,288
83,505
17,591.
£9,070
1,881
30,355
1,004

201.430
34 130

Decrease.

232,943
223,800

9,083-

figures should afford encouragement in trade
circles.
Perhaps they will also be of use to investors, par¬
ticularly those that are being frightened out of their hold¬
ings through the loss in dividends declared and lower
prices ruling on that account. In this country far too
much is made of a decline in the rate of
4 distribution
These

stockholders. Of course when
ppens in pros¬
perous times it needs special explanation out at present it
is in. most cases evidence of nothing more than the depres¬
sion which has been ruling in all departments of tradeThe English railway reports, just made up for the last half
of 1884, show a loss of dividend in almost every case, and
yet there is very little and in most cases no recent decline
in the market prices of the stocks affected.
A feature of the week has been the foreign exchange market,
which has ruled very dull all the time, not even having been
stimulated into activity by the European war news.
The
tone appears to be heavy for sight bills and cable transfers,
such bills being in fact relatively cheaper than long sterling
if we take into account the current rate of discount in Lon¬
don. This is an unusual condition, and is probably due to a

among

Oattneal not stated prior to July 1, 1883.

This

Paul

83,300,407
0,372,103
902,033

15,032,017 131,000,070

7,600,930 80,951.785
2/20,935 19,092,031
2,732,784
318,888

Chicago & Northwestern
Chicago Milwaukee & St.

5,606,035

9,727,688 .116,974,870
5,304,729 14,685,200

?

1885.

Name of Road.

0,787,543 75,808,345
3,096,644 31,334,105

*

8,917,032 90,791,423
3,784,434 13,290,064
1,740,271
55,732

February.

49,153,451
5,930,043

3,977,833

f

?

Values.
Wh’t & 11 >ur

1882-83.

1884-85.

Quant H ies.
Wheat .bush.

LEADING RAILROADS

GROSS EARNINGS OF

EIGHT MONTHS.

March 14,

THE

1885.J

CHRONICLE.

321
1-85.

1884.

1883.

1882.

1881.

of maturing bills, a decline in the investment
Union Pacific.
$
*
$
t
*
1.531.694
inquiry for long sterling, and perhaps some small supply of Gross earnings
2,175,286
1,671,919
1,916,854
1.656,005
*1,163,557 *1.376,503
1,019,122
1,393,717
1,003,098
bankers’ bills, the result of purchases of investment share and Operating expenses
Net
456,392
897,732
155,191
781,569
652,907
bond properties on European account.
There is evidently
Chic. Burl. & Quincy.
less inquiry for long sterling for investment, mainly, Gross earnings..
1,658,834
1,992,484
1,648,220
1,625,680
1,307,948
818,283
Operating expenses
1,012,706
888,919
1,129,954
711,889
we
presume, for the reason that greater security is
769 915
635 514
Net
596,059
807,397
862,530
felt with regard to our silver currency based upon the
Including taxes.
constantly increasing favorable trade balance. Our exports
Here we see that the Burlington & Quincy has this year the
of produce are still liberal, as is shown in the statement of
breadstuffs and provisions given above, while imports are largest gross and net for any January in its history. The
unusually light. So long as these two conditions continue, Union Pacific, on the other hand, though it has improved on
the result for 18S4, shows materially smaller totals than in
our gold reserve is safe, but what a fearful price this stag¬
nation in the import business is, to pay for the privilege of either 1883, 1882 or 1881. It should be said as regards this
coining silver dollars. Ordinarily at this season it is not diffi¬ road that in 1885 and 1884 taxes are taken out, before arriv¬
pressure

*

exchange, but in the present ing at the net, which is not the case in the other years, and
unsettled state of political affairs abroad it is almost that fact operates in favor of these other years to the
impossible to do so. It would seem, however, unless there extent of about $50,000. Further, prior to 1884 the St.
is some peculiar change in conditions, as if rates must fall, Joseph & Western was included in the figures and is not
for the investment demand, which has been the principal now included, but that would affect merely the gross
cause
for the abnormally high figures, will hereafter be receipts, as the net of that road were kept down to small
The real explanation for the decline that has
limited and the offerings of maturing bills must soon be in totals.
taken place in the Union Pacific’s earnings is to be found
excess of the inquiry.
Manipulation has continued to be a .feature,in our stock in the increased competition it has had to meet. The
market,
in this respect Delaware & Lackawanna takes Northern Pacific, the Burlington, the Denver & Rio
the lead, the prices ruling for it being wholly under the Grande, have all taken business away from it, and the
power of the clique that controls the stock.
The cause for increased competition has permanently lowered the rates.
the advance in Central New Jersey was not so obvious. Then a circumstance that must have aided the Burling
There was a rumor that the Reading had made a proposi¬ ton greatly in increasing its earnings in the present year,
tion for a modification of the lease at a reduced rental. is the heavy corn crop produced along its lines in the late
A large percentage of the road’s mileage is in
Another rumor prevailed, which has been for some time season.
current, that the road was wanted bv other companies. Iowa, and here, as we have before pointed out, 252 mil¬
More likely this latter story, whether true or not, has at lion bushels of corn were raised in 1884, against only 169
The Union Pacific, of course, has no
least induced outside buying for speculative purposes, and millions in 1883.
is responsible for the advance;
Omaha preferred has been mileage in that State- It has lines in Nebraska, though,
football
the
of reports that the dividend was to be passed in which State the production also increased, but not in
and was to be paid, and as either one or the other was the same degree, the yield having been 122 millions,
believed the stock went up or down.
The usual state¬ against 101 millions.
Atchison Topeka it Santa Fe and St. Louis & San Fran¬
ments have been current this week with regard to the
settlement of the'differences between New York Central cisco have both issued preliminary statements of their
and West Shore, but the situation so far as known remains operations for 1884 this week, which merit brief notice.
practically unchanged. A good investment demand, with The San Francisco shows noteworthy gains in both gross
a
large outstanding short interest, has kept New York and net, of which indeed the weekly returns had been
Central active, and resulted in a recovery in its price, though giving evidence nearly all through the year.
Gross have
risen from $3,896,565 in 1883 to $4,643,596 in 1884, and
yesterday there was some re-action in that stock as wTell as
net (after deducting amounts charged to improvement)
in the market generally.
Chicago Fait ling ton it Quincy and Union Pacific, but from $2,073,437. to $2,508,218. The growth of business
cult to forecast the future of

,

particularly the latter, make an excellent comparison wTith
last year in their earnings for January, submitted this
week.

Of course,

the early months of 1884 were not a

good period for traffic on these roads, and consequently
some improvement now is only natural.
The two roads
mentioned, together with the Denver & Rio Grande, were
at loggerheads then on Colorado and Utah business, and
rates as a result fell to merely nominal figures.
At the
same time, unprecedented
blockades from snow were en¬
countered—said to have been the worst that the Union

experienced in its history—and this not only
gross receipts but swelled expenses, so that the
net were cut down to very low figures on that road.
The
Burlington & Quincy, having a large part of its mileage
east of the Missouri ,where there were no such obstruc¬
tions, suffered very much less than the other lines.
But
its gain this year is quite marked, all the same.
Its
net have risen from $035,000 to $862,000, while those of
the Union Pacific have jumped up to $486,000 from
$155,000. The comparison, however, to be useful should
extend back of 1884, to the years when there were no
restrictions upon business.
We therefore have compiled
the following statement, covering five years.
Pacific has

reduced




is the result of

extensions and additions made to the sys¬

previous years, but of which the road did not get
the full benefit till 1884.
Thus the line into the Indian

tem in

Territory,

the

opening

(in which the San

of

Francisco

the Atlantic

has

a

& Pacific

half interest),

building of the piece of road to St. Louis,
all had more or less influence upon the 1884 receipts.
Though the company’s net earnings increased $434,781, the charge for interest and rentals increased
$471,764, leaving a slight falling off in the surplus remain,
ing for the stock, making said surplus $682,015 for 1884
against $718,998 in 1883. Still, as the first preferred stock
(on which 7 per cent dividends are paid) is only $4,500,-'
000, the surplus was sufficient to pay twice over the call on
the same.
In the case of the Atchison Topeka & Santa Fe
we have a much
larger falling off in surplus (after full
dividends on stock, of course), but here the cause is not so
much an increase in charges as it is a decrease in net earn¬
ings. And this decrease in net seems to be the result of
rather exceptional circumstances. Gross actually increased
$376,249, but that was turned into a loss of $887,669 in
the net, through an augmentation of $1,263,918 in expenses.
Part of the augmentation in expenses is no doubt to
and

the

THE CHRONICLE.

322

fVoL. XU

The Assay Office paid $ 113,444 through the Sub-Treasury *
larger volume of
traffic
at
reduced
rates,
but
$300,000 of the for domestic bullion during the week, and the Assistant
increase, we are told, was on account of washouts in New Treasurer received the following from the Custom House.
Mexico and $200,000 for stone ballast, in previous years
Consisting of—
Duties.
Date.
charged to construction account.
We give the full com¬
Silver Cer¬
u. s.
Qold
Gold.
Notes.
Certifiers.
tificates.
parative figures for the two years on another page and
need not repeat them here.
$163,000
$236,000
$2,000
$158,000
But it will be seen that the Mar. 6. $559,207 77
118,000
87,000
71,000
7.
1,000
277,158 97
surplus above the six per cent dividends paid was, not¬
164,000
169,000
9.
128,000
5,000
407,906 45
258,000
273,000
withstanding the great falling off in net, over three10.
176,000
2,000
710,001 99
151,000
69,000
74,000
11.
3,000
296,420 20
quarters of a million dollars ($700,348)—equal to about
190,000
293,000
12
72,000
556,880 69
1,000
The
per cent additional on the stock outstanding.
Total. $2,S67,63G 07
$14,000 $679,000 $1,127,000 $1,014,000
Atchison is largely dependent upon the outturn of the
crops in Kansas and here the yield for several seasons has
been very heavy.
The corn crop, however, for 1884 (to
ST.
PAUL'S ONE HUNDRED MILLIONS
be marketed in 1885), was not quite up to that of the
OF DEBT.
.preceding year, though the loss in that cereal was more
There is one feature of the report issued by the Chicago
than made up by the enlarged product of wheat. The San
Francisco depends more upon the yield in Missouri, where Milwaukee & St. Paul this week that will be sure to
we find that the
production in 1884 was of corn 197 attract wide attention. We refer to the fact that the
million bushels, against only 161 millions in 1883, and company reports a funded debt in excess of 100 million
exact amount $100,254,000.
A large debt
of wheat 27£ million bushels, against 23 J- millions.
As dollars—in
has been a characteristic of the St. Paul road for some
far, therefore, as the crops are concerned, there is nothing
discouraging in the outlook for either company. It should years, and in point of fact the increase since the preceding
be stated that in the case of both companies the figures report has been less than four millions; but now that the
are entirely independent of
land receipts, which reach aggregate of 100 millions has been reached many will
be impressed with the significance and magnitude of the
quite a large aggregate amount.
amount who would otherwise have passed the matter by
There is no change to note in money or brokers’ bal
There is a mystic importance
ances at this centre.
Western advices report a better de. without special notice.
mand for funds at the distributing points, indicating more attaching to the number 100 that no minor figure com¬
active employment in the interior.
The following state¬ mands.
We believe there is only one other company that enjoys
ment, made up from returns collected by us, exhibits the
such a distinction—namely, the Union Pacific.
There
receipts and shipments of gold and currency by the New
are a good many roads that come
close to that figure, and
York banks during the week.
others that would reach it or exceed it if the obligations
Net Interior
Received by
Shipped by
of leased or connecting roads for which the parent com¬
Week Ending March 13. 1885.
Movement.
N.T. Banks. N.T. Banka.
But
pany is responsible, were taken into consideration.
Gain.. $521,000
$545,000
11,066,000
Onrrenoy
is
this
there
about
St.
it
peculiarity
the
Paul
debt,
that
Gold

ascribed

oe

the

to

carrying of:

a

r

“
“

“
“

<<

Gain..

$545,000

$1,068,000

Total gold and legal tenders

$521,000

is

of

gold and

the interior.

changes in the bank holdings

currency caused by this movement to and from
In addition to that movement, the banks have

through the operations of the Sub-Treas¬
Adding that item to the above, we have the following,

lost $800,000
ury.
which

should

indicate the total loss to the New York

direct debt. '

It is all

a

debt in

one

form

or

another

property.
No part of it is on an
outside line or company.
To note the difference, take the
Southern Pacific roads of California, Arizona and New
Mexico, which are really a part of the Central Pacific system
but which do not figure in the latter’s general account be¬
cause they are merely held through a lease. If we should add
their debt to the Central Pacific’s, own of 81£ millions (not
including the unpaid interest on the loan from the Govern¬
on

The above shows the actual

a

the

company’s

own

Clearing House banks of gold and currency for the
week covered by the bank statement to be issued to. ment), we would get a grand total of about 130 millions. Or
take the Philadelphia & Reading. If we include the obliga¬
day.
tions of the Coal & Iron Company in its own, we get more
Net Change in
Into Banka. Out of Banka
Week Ending March 13,1885.
Bank Holdings.
than 100 millions debt, and if the bonds of the Central New
$545,000 Gain/ $521,000
Banks’ Interior Movement, as above
11,006,000
Jersey and other leased roads are added on, the amount
Loss.
800,000
800,000
Snb-Treasury operations, not
is considerably more than 150 millions.
The -Chicago
Loss.
$279,000
$1,006,000
$ 1,315,000
Total gold and legal tenders
& Northwestern, now that it has absorbed the Blair roads,
The Bank of England gainedj £579,743 bullion during has a direct debt of- about 90 millions, with 6 millions of
the week.
This represents £389,000 received from abroad indirect debt on the Blair system in Nebraska.
If to this,
and £190,743 from the interior.
The Bank of France though, we should add the debt of the St. Paul & Omaha road,
reports an increase of 175,000 francs gold and of 2,461.- controlled through stock ownership, we would get a total
The Union Pacific, however, has a
000 francs silver, and the Bank of Germany since the last close to 120 millions.
return has lost 660,000
marks. Tlie following indicates direct debt of over 118 millions—not including the debt
the amount of bullion in the principal European banks this of its immense branch system either, nor the unpaid
interest on the debt due the Government ; and this is the
week and at the corresponding date last year.
_

March 12, 1885.

March 13,

Qold.

Silver.

Qold.

Silver.

£

£

£

£

Bank of

25,151,392
23,033,172
10,124,855 41,S35,4SS 39,780,418 39,939,018
7,220,250 21.060,750
7,729,750 23,189.250

England

Bank of France

Bank of

Germany

Total this week
Total previous week




1884.

....

72,499,197 03,516,2 38 71,149,370 03, 178,298
71,920,931 03,472,511 70,241,588 63.301,7S2

only road that we know, except the St.
in its balance
The

sheet

a

funded debt of

Paul,, which carries
100 millions.

over

Pennsylvania report issued last week showed only 64

millions.

Though the debt is larger however than that of most
other companies, it by no means follows that the position
of the road is to that extent less favorable.
The debt has
one other distinction, besides being
heavy; it is the sole
„

March 14,

THE CHRONICLE.

1885.]

obligation that the St. Paul has. That circumstance
is usually overlooked, while it is very important that it
should be borne in mind.
The road, unlike almost every
other leading road in the country, has no rentals to meet
or any guarantees to take care of.
If you would arrive at
the amount of its fixed charges, all you need do is to cal¬
culate the interest on the debt outstanding.
This is abso¬
lutely the only charge there is against net earnings.
Aside from the debt, there are no encumbrances whatever.
The company owns the whole property—or rather the stock¬
holders do—;subject only to the $100,254,000 of bonds.
There are no car trusts, and no lines which are merely
leased and not owned.
As the President remarks, u the
company has never guaranteed the bonds or indebted¬
ness of any other company, and has no contingent liabili “ties of any kind or description.”
Furthermore, it
should be remembered that the debt is represented by
nearly five thousand miles of completed road, the
actual mileage in operation at the end of the year
having been 4,804 miles, and also by 658 locomotives,
547 passenger and
mail cars, and 19,690 freight
Thus the debt is only about a trifle above $20,000
cars.
per mile—the exact amount is $20,869—and the road is
well supplied with equipment and motive power.
The
stock is small compared with the funded debt, namely
only $47,445,244 of common and preferred, and the total
capitalization is therefore only $30,745 per mile—that is,
the stock is less than $10,000 per mile.
We dwell upon this feature of the report because it is
not generally understood how extensive the property cov¬
ered by the debt is, and further that there are no rentals
or guarantees to draw down the company’s income.
The
latter is a circumstance not to be lost sight of, as the pub¬
lic is so accustomed to see a large rental charge contem¬
poraneously with a heavy interest charge that they almost
assume that the
one necessarily accompanies the other.
In illustration of how common it is to have heavy rentals
as well as interest, we may mention that the Pennsylvania
in the late year paid out $2,007,145 directly as rentals on
the branch roads operated in connection with the main
stem, and the New York Central in the year ended Sep¬
tember 30, in addition to $3,380,082^ paid for interest,
paid $1,948,028 for rentals of leased roads. That a com.
parison on a mere debt basis is not possible, is even more
strikingly shown in the case of the Delaware Lackawanna
& Western.
This company has only about four millions
of bonds out, calling for less than $300,000 per year, and
yet such is the extent of the outside roads embraced in
the system through lease, &c., and therefore not appear^
ing in its balance sheet, that the charges against earnings
amount to over five millions, the payments for interest
and rentals in 1884 having been $5,113,322.
As to the amount of St. Paul’s earnings, the figures given
in /the preliminary statement, a month ago, are confirmed
in the full report now published, and we therefore repeat
the following recapitulation of the company’s operations
/ ,
during the last six years.
“

Tear.

Gross
Net '
Mileage
Operating
of year Earnings. Expenses. Earnings.

end

1879....
1880

..

1881....
1882....
1883....
•

1884....

2,359
3,775
4,217
4,520

4,760
4,804

•

8
10,012,820
13,086,119
17,025,461
20,386,726
23,659,823
23,470,998

8

$

4,539,025
7,742,420 5,343,693
10,317,931 6,707,530
12,186,073 8,200,653
13,778,038 9,881,785
5,473,795

13,859,628

9,611,370

Interest

Divi¬

Paid.

dends.

8

8

*

Balance.

$

466,866

2,357,407 1,783,819
2,918,384 1,942,237
4,127,389 2,210,017
4,780,053 2,794,988
5,373,925 3,321,107

1,004,832
1.243,425
1,351,400

3,321.167

453.901

5.918,608

807,370.

*

Including miscellaneous income, which in 1879 amounted to $69,067; in 1880 to $324,298; in 1881 to $835,303; in 1882 to $623,813; in
1883 to $164,707 and in 1884 to $32,306.

That the

surplus in 188.4 was smaller than in either of
the five years preceding we have before alluded to.
But
it is of more importance to note the wonderful growth in
the company’s business, showing that though debt has




323

increased, the ability to meet it has been correspondingly
enlarged. Thus in 1879 total gross earnings were only
10 millions ; in 1884 they were nearly
23£ millions, while
net had run up from $4,539,025 to $9,611,370. The
gross
for 1884 are slightly below those of 1883; this however is
not because of any diminution in the volume of
traffic^
which was larger than ever, but because of a further fall in
rates.
Some may imagine that the St. Paul, having so much
new mileage, gets high average rates for the business done.
This, if so, would be a weak point in its situation, since ex¬
perience proves that under the stress of business depression

(and

even

without it) high rates inevitably decline.

But

such is not the

position of the St. Paul, the average per
all freight carried by it in the late year having
been only 1*29 cents—that is, but a trifle more than a cent
and a quarter. Ten years before, in 1874, the figure was 2*38
cents, and in 1865 it was 4T1 cents. The passenger rate
in 1884 was a little better than in 1883, and yet the aver¬
age was only 2*55 cents per passenger per mile. Evidently
there is hardly more call for further reductions here than
on the Eastern trunk lines, so that the
company’s earnings
seem to rest upon a tolerably fair basis—at least they pos¬
sess a greater degree of permanency under such low rates
than ainder higher and unreasonable figures. The net earn¬
ings in the late year, as already stated, were $9,611,370.
Out of this amount the company paid nearly six millions for
ton per mile on

interest

($5,918,608) and 3£ millions for dividends
($3,321,167), besides carrying forward a surplus (count¬
ing $82,306 of miscellaneous income) of $453,901.
For 1885 the

interest

charge will be $6,165,773, taking
the debt as it stood January 1, which will cause an increase
of $247,165 over the amount paid in 1884.
The operating
expenses in that year were not small—59-05 per cent of
gross earnings—and if there should be no increase in them
the present year, the net result would be wholly dependent
As to these, we can only say that
upon gross receipts.
for the first two months
was

a

increase of $79,841 over 1884

now for the
further increase of $83,565.

reported, and that

have

an

first week of March

wo

regards the current or demand obligations, the re¬
port cannot be construed otherwise than as indicating that
the company is in a comparatively easy condition.
Bills
payable and all other current accounts reach only
$3,703,824, against which the company held $2,971,132 of
actual cash, $845,118 of bills receivable, and $300,942 of
The report is to December 31, and the
balances due it.
company has again followed the objectionable practice of
omitting all mention of the large.amount of interest
accrued, and which matured the very next day, January 1.
This interest we figure at $2,885,005, and it will be noticed
that there was more than enough cash to meet it. Adding
this interest to the $3,703,824 of bills and accounts paya¬
ble, and the total gros3 floating debt on January 1 was
$6,588,829, against which there were available cash items
of $4,117,192, leaving the net debt $2,471,637, or less
than 2 J million dollars.
As

DARNINGS IN FEBRUARY, AND
FROM JANUARY 1 TO FEBRUARY 28.

RAILROAD

earnings for February is not of the same
favorable character as that for January, but must be re¬
Our exhibit of

The
as very satisfactory nevertheless.
of the roads reporting is but slightly different

garded

aggregate
from their

falling oil being only about $250,000,
or hardly more than nominal—and quite a good many
lines have improved on the results of a year ago.
The conditions prevailing were decidedly unfavorable
to large earnings.
In the Northwest certain roads had an
total for 1884—the

THE

821
increased amount of spring

wheat to transport, as hereto-

fore, and in sections of the Ohio Valley corn and
wheat came forward more freely than in the same

[VOL, XL.

CHRONICLE.

winter
period

points, the icy period was unusually prolonged,

and from

Kankakee, February 23, came a dispatch stating that the
first passenger train from Bloomington over the Illinois
Central Railroad had arrived there since the snow block¬

from that, the movement of grain,
ade began.
“The train left Bloomington,” read the
though varying at particular ports and in particular
cereals, was not materially changed from the previous dispatch, “on Monday last,”—that is, just a week before—
“and was 16S hours running 80 miles.”
year.
In cotton, there was a further large falling off, in
We give these particulars because they will be useful for
addition to that recorded a year ago.
General business of
reference in after years, and also because of their bearing
course continued depressed, and that operated against any
growth in the volume of merchandise freight, and also upon the returns of earnings covered by the present arti¬
restricted the amount of passenger travel.
Then, Feb¬ cle. It is a singular fact that in the extreme Northwestern
section—say north of St. Paul, Minnesota, or of the north¬
ruary, 1885, was a shorter month than February, 1884,
ern boundary of
Iowa—there appears to have been com¬
and as a consequence earnings this year are based on one
less day than in the previous year.
All these circum¬ paratively little obstruction to railroad work, but from
there almost down to St. Louis snow abounded nearly
stances were against the roads in the month under review.
Iowa probably suffered the most of any sec¬
But the most important adverse influence has yet to be everywhere.
tion of the country, the Central Iowa, for example, report*
mentioned, namely the weather. And here it is scarcely
possible to exaggerate either the character of the influence ing only nominal earnings for the second week of the
itself, or its effects upon all transportation lines. We month, and Wisconsin and Michigan fared nearly equally
have had severe Februaries before.
February, 1881, bad. Never before probably did the rigors of winter exer¬
cise such a generally unfavorable effect.
It should be said,
was very bad in this respect ; every one remembers koW
however, that in the Valley of the Ohio the prolongation of
snow interfered with the movement of traffic, diminished
the cold weather really operated in favor'of the railroads?
receipts, and swelled expenses then ; February,. 1883, was
as compared
with other recent years. In both 1884 and
also a bad month, though not in the same degree as Feb.,
1881 ; in 1884 there was likewise some interruption to 1883, it will be remembered, there had been heavy floods
traffic in this month, from the same cause, but compared in this district, which seriously impeded transportation, and
Under the cold
with the preceding periods mentioned, it was as nothing. cut down earnings of the roads affected.
weather
prevailing, no such floods of course were possible
In the present year, however, the weather was simply ex¬
this year, and as a consequence it will be noticed that the
traordinary—snow and ice everywhere, so that in the
We
West for a time a complete embargo on traffic operations roads in that territory have increased their receipts.
existed.
Snow was piled up on the railroad tracks in give now our table of- the earnings and mileage of all
roads reporting, which may be studied in the light of the
huge drifts, which almost baffled the efforts of railroad
managers to remove them.
The weather was also in¬ conditions described.
GROSS EARNINGS AND MILEAGE IN FEBRUARY.
tensely cold—in many places the coldest on record—and
affected almost the entire country.
Freight trains on
Mileage.
Oross Edi'ninc/s.
Name of Road.
Increase
many lines were altogether abandoned, while passenger
1884.
1885.
188 i.
1885.
Decrease.
trains were hours behind, and plowed through the snow

of

1884, but, aside

'

.

C-

or

_

only with the greatest
of the month that the

difficulty. It was in the second week

conditions were at their worst, but

the

icy period also extended into the third week, with effects
only less severe than those of the week preceding, and in
some cases extended way into the fourth week.
In view of the great losses that this state of things has
occasioned to the railroads, it will be well to give a few
illustrations showing its nature and extremity.
For in¬
stance, on the 12th of the month, a dispatch from Chicago
was published here, saying that for the first time in thirty
years, all of the railroads, with the solitary exception of
the Chicago & Northwestern, had failed to bring in a
single barrel of flour or a bushel of grain. On the same
day a dispatch from the same point was posted on our
Produce Exchange, to the effect that not a road running
east or west had moved a freight train for the two days
preceding and that the prospects for an early movement
were not good.
St. Louis reported February 10 that no
trains had arrived from Chicago that day, and trains to
Chicago on all roads from St. Louis abandoned that night.
Burlington, Iowa, reported no mails for twenty-four hours,
and the Burlington & Quincy trains stuck fast in snow¬
drifts.
At Eau Claire, Wisconsin, not a single train on
any of the five roads through the city had arrived.
Kansas City telegraphed that passenger trains from the
West arrived nearly on time, and went out on all the
roads, but that none had come in over the Rock Island,
the Wabash, and the Hannibal & St. Joseph.
And so
illustrations might be multiplied indefinitely.
A week
after. February 16 and 17, almost the same experience was
repeated, and this time the great Eastern trunk lines were
affected no less severely than the Western.
At some




2'2,S43
202,537

-442

4,804

4,760

1,342,300
30(5,200
02,741
1 Os,490
190,095
98,150
62,880
36,193

1,504,100

-101,800
—25,497
—45,506

3.843
1.318

3,761

+45,810
+ 35,96 4
+ 9,174
+ 2 3,825

342
336
296
196

—8.091

144

+ 8,550
+ 52,419
+ 2,156
+ 65,149
+ 510

170
281

119,113
32,600
396.520

331.371

47,140

129,703
85,147
24,335
999,348
19,071

452,159
388,741
100,800
15)0,713

Do
(Iowa lines)
Ind. Bloom, it West...
*Kan. C. Ft. S. it Gull

2

1,082,7* 5

Marq. Hoiurh. At On..
Mexican Central

23,911

Shenandoah Valiev.

Virginia Midland

..

Camlinn

-

502
139

+27,717

502
139
398
849
251

-37,889

-34.122

-85

144

1,317

1,317

143
260
146
361
498
no

143
260
146
361
486
110

2,951

2,800
225
953
578
402
684
389
282
220
387
352

52,732
77,808
138,082

+ 1,795
+ 10,523
—547

1,015.431
20,045
180,322
70,120

+67,274

2,065

2,065

+3,806

135

+100,678
-3,370
+3,115

1,236

+2,491

52B
502
240

135
964
389
221
528
502
240

2,453

2,449

225,357
i

-1,706
—62,053

58,390
520,035

+10,60;)
+16,59*
-30,813
—22.119
+ 42.173

—28,381
-20.184

+49,477
—3,.)3s
+ 15,416

4«0
221

-683

212
128
254

333,755

-23,865

774

-1,838

70,311
52,694

82,931
71,928
50,25 2

-1.617
+ 2,442

97,905

109,590

—11,685

3 \016

35.083

—2.067

363
294
313
353
274

79,949
43,540
55.909

309,890
81,09.5

Only three weeks of February

1,307
413
342
336
296
196
144
73
281
144

413

225
953
711
402
634
389
2b2
220
387
352

34,533
161,283

163,774

19(5,976
38,201569,562

—3 4,041
+ 1,051

+72,030

281,000
72,750
37,650

.

3,003

111,351
48,688

137,535

Louisville At Nashv...

500

2.802

—2,679
-297,799
-5,378

88.331

Lake. Erie At Western.

7,215

500

—

95,094
48,840
191,818
85,232,
27,014
1.297,147
24.149
441,554
372,145
131,643
212,832

153,524
120,718
54,527

At Mem..
Kentucky Central

*Kan. C. Sp.

*

89.270

-35),155
44,284
1.7,443
(56,094
29,842

27,723
00,972

.

West. N'>

331.697
1(8,247
»22,086
100,131

25,995

Detroit Lans’g At No..
Evansv. A: T. Haute
Flint At Pere Mam...
Fla. U’y it Nav. Co...
Ft. Worth & Denver..
Gland Trunk of Can.
Gr. Bav Win. it St. P.
Ill. Cent. (Ill. Div.)...
Do
(So. I)iv.)...

Georgia Pacitic

2,033

+ 28,936

.

Northern Pacific
Ohio Central
Ohio Southern
Peoria Dec.AtEvansv.
Rich. & Danville
Char. Col. At An#—
Columbia At Gr’v...

2,794

1,317,064

..

Milw. L. Sh. At West..
Milwaukee At North..
Mobile At Ohio
Norfolk At Western...

88
824

107,025

535,395

Lon# Island

88
938

1,31(5,000

232,031
47,000
1 OS, 142

Chesapeake & Ohio..

Chicago & Northwest.
Chic. St. P.Minn. AtO.
Chic. At West Mich—
Cm. Inrt. St. L. A: Oh..
Cin. N.O. Ar Tex. Pac.
Alabama Gt. South.
N. O. At North East.
Vicksb. At Meridian
Yioksb. Sh. it Pac..
'Cm. Wash. At Balt
Cleve. Akron At Col
Denv. it Iiio Grande.
Des Moines At Ft. I),.

—7,117
+ ;> < 3
+ 170,361
13,162
-5,571

393
849
251

1,39 7,000

Eliz.Lex.At Bit? San.
Clies. Ohio it So. W...
Chicago At Alton
Chic. A: Eastern Ill
Chic. Milw. At St. Paul

29,960
201,904
224,639
98,190
1,402.571
266,072
45,949
80,425
573,284
107,107

395,000
85,031

Canadian Pacific
Central Town
Central Pacific

*

*

S

.

Bost. IIoos.Tun.At W..
Burl. Cert. Rap. At No.

83,287
28,122
56,592

In each year.

212
12S
254
774
363
294
313
353
236

Gross
Name

of road.

Rochester & Pittsb...
Bt.L. A.&T.H. in.line:
Do do (brauoho*!.
St. Louis Ft.S. & Wicli.
8t. Louis & San Frau..
St. Paul & Duluth
St. Paul Minn. & Man.
*Texas & St. Louis
Tol.Ann A.&N. Mich.
Wab. St.. Louis <fe Pac.

392,248
69,568
15,650
1,101.018

Wisconsin Central....

97,512

Total (69 roads)..
*

72,487
132,157
66,878
40,783
329,874
54,951
407,128
40,773
13.822

3 >,834

302,663
64,435

1,285.314
101,620

16,016,193 16,263.067

Only three weeks of February in

It will be

seen

Increase or
Decrease. 1885.

$

$
67,383
93,400
73,964

Mileage.

Earnings.

1884.

1885.

...

1884.

$
294
195
138
182
815
225

—5,104
-38.757
+ 7.036

1,919
-27,211
+ 9;437
—14.S80
—

,

291
195
138
160

735
61

735

3,549

3,647

—7,108

441

441

+

61

-251,874 50,84649,154

each year.

here that the returns—even

from the

sections—are unusually varied and irregular, and
this is in the main the result of the weather and some

special circumstances.

ican Central and the Canadian

The gains on the Mex¬
Pacific are of course with¬

particular significance, since both these roads should
naturally increase their business as the result of the exten¬
sion of their mileage.
Of the lines in the Northwest, it

out

Burlington Cedar Rapids & North¬
ern, the St. Paul & Duluth, the Northern Pacific, and the
Milwaukee & St. Paul, all have improved on their earnings
will be noticed that the

(notwithstanding the smaller number of
days covered this year), while the Chicago & Northwestern,
the St. Paul & Omaha, and some minor roads have fallen

of

a

year

behind.

ago

One

reason

for this difference is

found in the

fact, already alluded to, that north of Iowa and west of
Wisconsin the weather does not seem' to have exercised

(bush.)

8.365
10,241
18,069

317.978

892,305

1885

13,118

165,000
8,225
350,900
99,041

4 wks., Feb.,
4

2,93

,

i

28,<63
15,744

1,1884

Oats,
(bush.)

326,961
428,450
771,918
734,355

288,588
.

695,205

Since lan.

1,828
—18 1,26R

+ 28.795

Com,

(bush.)

23,264

225

1,327

Wheat,

(bbls.)

Since Jan. 1,1884
Clevela nrt—

776

1,397

Flour,

Detroit—
4 wks., Feb., 1885
4 wk(., Keb., 1884
Since Jan. 1,1885

wks., Feb 1884
Since Jan. 1,1885

same

other

3 !5

THE CHRONICLE.

14, 1885. J

March

126,000
59,439
240.500

244,005

59,647
77,207

Bye,
(bush.)

40,539
56,970
92,691

129,344
156,391

113,093

52,000
28,900

12,700
8,276

500

37.900

7,500

27,328

500

124,8'!0
89,910
*

Peoria—
4

Barley,
(bush.)

wks., Keb., 1885

4 wks.. Fen., 1884
Since Jan. 1,1885

Sinc8 Jan. 1,1884
Duluth—
4 wb<., Keb., 1885

18,325

39,890

6,315
23,225
11,140

28.410
67,640

Since Jan. 1,1884
Since Jan. 1, 1883

82,110

2,626,930

1,532,333

50,000

82,800
62 3(H)

05,000

160,800
105,100

103,990

1,496,734
201,907

Total o f all—
4 wks., Feb.. 1885

»• eb., 18-4
Feb., 1883
Since Jan. 1, 18-5

733,820
8(56,240
1,569,645

147,510

335,591
82,712

4 wks., Feb., 1884
Since Jnn. 1,1885
Since Jan. 1, 18*4

4 wks.,
4 wks..

2,072,155

1,071,780
1,317,720

519,572
562,427

805,897
1,452,666
1,303,638
1,608,711

Thus while in

corn

4,835,961
2.069,465
4,052,514

11,953,870
6,329,630
8,933,184

’

9,276.525
10,783,985
9,791,892
20,372,648
22,366.445

there is

3,654,272
3,978.324
8,150,365
7.093.66 >

8,123,40?
19,904,370 6,600,751

a

'

'

'

1,390,507

254.521

1.273.9*0

227,572
328,490
475,128

1,732,(592
3.474,558
2,058,49,3
3,491,(574

(559.435
725.000

pretty general falling off,

exception there is quite an improvement.
improvement is most marked in the spring wheat
sections to which we have above referred.
At Chicago
the receipts of wheat for the four weeks were 1,177,562
bushels,against only 577,861 in 1884, and the gain must have
been exclusively in the spring variety, as we notice that
the number of cars of the winter variety inspected was
less than a year ago; at Milwaukee, the receipts were
971,300 bushels, against 448,302 ; and at Duluth 335,591
bushels, against only 82,712 bushels, making a total gain
of 1-g- million bushels in spring—and it is this circumstance
that has swelled the earnings of the roads chiefly con¬
cerned.
In Iowa, as we have already said, the weather

in wheat, with

one

But this

operations, and consequently that the
roads having the whole or the greater part of their mileage was
particularly bad during the month, and it is in this
in that territory did not have that influence to contend
State, too, that a diminished corn movement would be most
with—at least to the extent that the roads further south
felt, so it is not surprising to note unfavorable returns by
did.
It is in this same territory, too, as we have so Ire. the roads there.
The Iowa Central, the Iowa lines of the
quently taken occasion to show, that the movement of Illinois Central, though not the Des Moines & Fort
spring wheat has been heaviest, and this has inured to Dodge, have diminished totals. It should be said, however,
the benefit of the roads sharing in it in precise proportion that
they all had gains a year ago, and the f act of a less
as their mileage there has been large or small.
The Mil¬ number of days in 1885 should also not be forgotten.
waukee & St. Paul, for instance, would gain decidedly more
In the Ohio Valley, where, as stated, there were floods
than the Chicago & Northwest from that circumstance.
last year, and none this, we find a pretty general improve,
The St. Paul & Manitoba has decreased earnings, probably ment
Here the season’s crops, too, were much
in results.

much of

a

check

on

it did not share in the increased better than a year ago, both in wheat and corn, but par¬
wheat, but because it occupies somewhat of ticularly in the latter, of which the yield in the States of
an
exceptional position in that territory. Further, the Ohio, Indiana and Illinois was 62 millions greater. The
roads in the northern division have not been affected
effects of this increase cannot always be traced in the re¬
much by the movement of corn, since little corn is grown
ceipts of grain at interior ports, since a good deal of grain
there, while those further south—the Northwest among comes directly east, but the increased yield is an established
them—have been so affected, and it appears to be clear that fact all the
same, and remains a positive force of a favoring
this movement this year, notwithstanding the large crop,
character.
We notice, for instance, that Detroit, Toledo?
was smaller than in 1884.
In illustration we have the re¬ and Peoria all record diminished receipts of corn, though
ceipts of the cereal at Chicago for the four weeks ended St. Louis has an increase. Yet the Cincinnati Indian¬
February 28, with a total of only 4,433,216 bushels, apolis St. Louis & Chicago road has the large gain of $45,
against 5,564,616 bushels in the corresponding weeks of 810, or oyer 37 per cent. The fact that $18,570 of this gain

not, however, because
movement of

1884.

To show the movement of all the

cereals at the

leading primary markets, we give below the following
table in

our

usual form.
AND SINCE

Flour,

(bbls.)

[bush.)

Com,
(bush.)

1,177,562

4,433,216

Wheat,

Chicago—
4 wks., Feb., 1885
4 wks., Feb., 1884
Since Jan. 1,18b5
Since Jan. 1,1884

Oats,

(bush.)

2,265,064
2,245,515

324,39*
178,574
743,951
491,124

577,861
8,714,938
2,112,851

43,852
250,389
410,730
528,396

971,300
448,302
2,250,204
1,223,482

134,930

101,996
111,0(13

820,740

2,940,545

209,421

2,369,220
6,248,674

410,679
538,354
740,496

4,379,398

1,014,401

807,943
982,350
710,633

16,788
59,128
25,051

1,920.342

112.540

5,564,016
10,206,498

12,326,425

4,870,974
4,886,922

Milwaukee—
4 wk8., Keb., 1885
4 wks., Feb., 1884
Since Jan. 1,1885

Since Jan. 1,1884
St. Louis—
4 wks., Feb.,

1885

Feb., 1884
Since Jan. 1,1885
Since Jan. 1,1884

4 wks.,

220,521

1,862,400
376,472

9,518
2,970
19,874
13,449

1,318,749
1,132,562

208,754

70,0SO
62,190
122,270

Toledo—
4 wks., Feb.. 1885
4 wks., Keb., 1884
Since Jan. 1,18*5

Since Jan. 1,1884




537,290
236,550

116,324
162,980
233,350
330,900

Barley,
(bush.)

661,960
460,578
1,697,679
990,107
386,976

512,479
9(5,256

1,111,893
208,792
166,613

509,710
293,853
7,740
6,764
24,522
16,614

a

does

recovery
not

of what was lost in the previous year

affect

the

argument

any,

for the point of

comparison is the yield of the crops, and that was large
this season and small the previous season. The Cincinnati
Washington & Baltimore gains $52,000, but in that case a
Bye,
(lru*h.)
good part of the increase is to be ascribed to the absence
of floods.
The Ohio Southern also has a large gain. The
105,473
106,529
Ohio Central and the Indiana Bloomington & Western
222,075
365,580
have losses this year, but had gains in 1884. The weather
42,640
27,943 interfered greatly with the operations of these roads this
72,250
80,825
year.
The roads running up north to Chicago also suf¬
fered severely in some cases from the effects of the
47,850
27,650
65,300
weather, notably the Chicago & Eastern Illinois, which,
00 640
however, has only a nominal decrease for the month, having
2,058
450 almost entirely pvercome the losses of the second and
4,0l!i
4,88* third weeks by the increases of the first and fourth weeks.

WEEKS ENDED FEBRUARY
JANUARY 1.

RECEIPTS OF FLOUR AND GRAIN FOR FOUR

is

28,

THE CHRONICLE.

326
The
a

Illinois Central on its

and Wisconsin

system, and the Huntington lines except
& Ohio, and no doubt the New Orleans
a sen¬

As regards Michigan

roads, they may be dismissed with

They all make very poor returns,

tence.
ii 11

Illinois line likewise reports Nashville, the lines in the Cin. New Orleans & Texas Pacific

augmentation in receipts.

small

trunk lines east from Chicago,

by the Grand Trunk of Canada does not much
encourage the idea that their earnings can be satisfactory.
The truth is, these lines were altogether blocked with
enow for almost a full week—February 10 to 17 y in fact?
the blockade was not entirely raised till near the close of
the month.
Besides, the war on passenger rates remained
the exhibit

'

.*!*

while freight rates, except during the time
impossible to handle the traffic
offering, were also very generally demoralized. The New
York Central managers in reducing their dividend last

in progress,

that the blockade made it

,r

,

1

the Chesapeake

Exposition has

part in bringing about the improved results,
though at the same time it must be admitted that the
progress of general industries in the South has in late years
been quite decided.
The Norfolk & Western and the
Chesapeake & Ohio both had considerable gains in 1884,
and both have losses now, but the depression in mining
industries along their lines, and the lower rates at which
business has to be done, probably account for the falling off.
We notice, too, that the Norfolk & Western reports having
experienced heavy storms, culminating in a slide, which
stopped freight traffic for four days.
As regards the exhibit of earnings for the first two
months of the year, the remarks above, taken in connect¬
ion with the review of the figures for January, will suffice
to explain the influences
at work.
Considering the
weather and the other drawbacks at work, the fact that
there is an increase of $667000 over 1884 is a hopeful

and the weather played

is the cause.

With reference to the

[Vol. XL.

some

Friday laid stress upon the effects of the bad weather in
February, and the Grand Trunk of Canada, in its loss of
$297,799, or 24 per cent, offers positive evidence to the
same end.
In the previous four weeks, when the weather
sign. The following are the figures in full. was also to some extent unfavorable, the loss had been only
GROSS EARNINGS FROM JANUARY I TO FEBRUARY 23.
$40,000. The St. Louis Alton & Terre Haute, which is
affected by the state of trunk line business, loses (on its
Decrease.
Increase.
main line) $38,757, or nearly 30 per cent.
1884.
1885.
Name of Road.
The Denver & Rio Grande, which lost heavily last year
$
$
$
$
by reason of the contest with the Union Pacific, and the
deep snows that obstructed its lines, this year fared better
in these respects, and as a consequence is able to report an
improvement of $05,149, or nearly 20 per cent. The Cen¬
tral Pacific, on the other hand, though its total in 1884
was small, has a slight further decrease.
On roads like
the Chicago & Alton and the St. Louis & San Francisco,
we are comparing with very heavy totals in 1884, so a loss
now is not of such great consequence.
General business is
not active, and the corn crop in Kansas was not quite up
to

that

much
Probably this latter fact has something to do
splendid earnings reported by the Kansas City

greater.
with

1883, though in Missouri it was very

of

the

Fort Scott & Gulf and Kansas

City Springfield & Memphis

(forming a line between Kansas City and Memphis),
which make by far the best exhibit, relatively, of any roads

roads

in

our

table.

Southern roads in

some

few instances report

diminished

totals, but as a rule do quite well. It cannot be expected
that the earnings of Texas companies should prove favor¬
able, for successive bad crops of cotton are having their

the industries of the State, but the cot¬
ton movement has suffered a large decline all over the
South, even after the heavy decline a year ago, as the fol¬
lowing table of the receipts of the staple at the leading
Southern outports will make evident.
natural effect upon

PORT8 IN FEBRUARY, AND
FEBRUARY 23, 1885. 1884 AND 1883.

RECEIPTS OP COTTON AT
JAN.

1 TO

80CITHERN

FROAI

Galveston
bales.
IndianoG, &c
New Orleans

Mobile
Florida
Brunswick, &c
Charles! on
Port Roy a),

&c

Wilmington
Morehead

City. &c..

Norfolk
West Point, &c

1883.

1885.

1884.

1884.

21,480

30.089

07,628

54,479

81,377

503

210

767

910

595

107,435

130,119

15,508

291,060
43,438

4.4S7
27,150

6,102
33,081

193,229
29,034
2,664

303 894

14,003

60,586

301

010

200

79,846
1,05;

23.978

30,870

50,813

0 0

530

7.510

1.338
90

3,985
1,143

23,834

38.981

12,899
3,290
80,997

8,908

20,723

25,514

231,420

812,503

511,131

17.409

38,243
10,070
81,188

1,102
62,561
2,151
10,523

1883.

172,126
1,076
469.307
74,456
4,861
l.qg

200

103,773

99,478
11,008
20,450
6,620
ieo,on

27,76'

41,040

42,248

003.694

741.334

1,202.700

50,780
1,739
8,765
1,551
78,88

1.711




on

524,941

546,693
93,337

Eastern Illinois.

371,940
397.745
203,241

293,001

117,699
78,473
55,896

74,893
87,607
29,928
212,345

Shenandoah Valley

47,053

2,405,890

2,701,420

181,638

.

Total (63 roads)

7,130

104,153
4,208

14,027

273,693

14,2 76

198,706

39,683
380,298

218,932

1,134.188
170,547
65,095
121,324
609,644

39,700

2,413,612
199,850

33,966,598

Net increase.

Includes three weeks only

101

470

145,825

159,753
88,649
120,130
635,543
161,587
142,654
113.222
203,909
67,927

132,649

58,055

2,054.748

1,123,144

856,373

........

22,768

104.530

427,326
84,421

144,298

10,574

119,886

69,695
340,511
438,377
114,644

152,034
188,442
131,033
72,049
618,596

6,495
295.530

63,276
149,761
9,180

.

763

50,644

304,238

145,355
76,720
365,455

Rochester Sc Pittsburg
Sc.L.A.&T.H.main line..
Do
do (branches).
St. L. Ft. Scott & Wicli..
St. Louis Sc 8. Francisco
St. Paul Sc Duluth
St. Paul Minn. Sc Maji..
♦Texas Sc St. Louis
Tol. Ann Arb. <fc N. Mich.
Wabash St. L. Sc Pac.
Wisconsin Central

2.387

55,664

75,255

39,582

'•

62,422

710,186
263,155
411,517

599,230

West. Nor. Carolina...

9,134
25,968

765,441

2,253.45 l

Georgia Pacific
Virginia Midland

42,806

54,558
930.035

388,749
367,514
269,647
113,710
287,969

Northern Pacific

25,652

40,531
940,659

205,100

Ohio Centra'
Ohio Southern
Peoria Dec.
Evansville

76,005

53,699
185,565
93,011
378,267
177,430
53,548

41,406

78,936
54,802

61,404
731,257

134,921
103,141
274,114

...

166,118
•••••«..

342,943
177,589

274,767
63,791
786,921
52,936

533

79,841

632,306
213,674

137,669

Mexican Central
M lw. L.Shore Sc West’ll
Milwaukee & Northern
Mobile Sc Ohio
Norfolk Sc Western

60,144
..

.....

2,784,159
3,906,518

640,900

Kentucky Central 1
Long Island
Louisville Sc Nashville.
Marq. Houghton Sc Out..

21,752
9,304
38,541

232,891

2,840,400

Des Moines & Ft.Dodge.
Detroit Lansing & No...
Evan3V. Sc T. Haute
Pere Marquette.
Flint
Florida R’y & Nav. Co..
Ft. Worth Sc Denver
Grand TT. of Canada ...
Green Bay Win.<fc St. P..
Ill. Central (Id. Dlv.) —
Do
(South. Div.)
Do
(Iowa Div.)..
Indiana Bloom. Sc West..
*Kan. City Ft. 8. & Gulf.
*Kan. City Sp. & Mem..

38,435

191,644

185,119
1,239,926

2.864,000

Cliic.8t.P.Minu.& Omaha I
Chicago & West Mich —
Cin. Ind. St. L. Sc Chic...
Cin. New Orl.& Tex.Pac.
Alabama Gt. Southern
New Orleans Sc No. E.
Vicksburg & Meridian.
Vicksburg 8h. & Pac..
*Cin. Wash. Sc Baltimore
Cleve. Akron & Col
Denver Sc Rio Grande...

737

10,429
319,480

r

7,025

24,944

,

*

23,554

148.307

31.899
13,280

128,574

14,080

96,304

16,918

216,705
64,295

3,632

140,687

11,347

246,6u0
132.403

75,6^8
649,800
126,445

856,435
110,655
»
29,582
2,536.397
222,515

11,051
30,223
11,044
10,794

.

r

„

r,

r,

„

1,144
........

«.

.

.......

12,796
........

........

58,158
1,320
3,639

31,204
17,853
1,938
22,194

•••■«««•

10,118
........

33,299,735 1,950,956
666,863

122,785
22,665

1,294,093

of February in each year.

earnings covers January—the first
year—and makes a very gratifying showing.
There are but few roads that report a decrease, while
increases are plentiful, and in not a few cases quite
such roads as the Mobile & Ohio, the Louisville & large in amount. Evidences of retrenchment and econ-

receipts which last year had fallen to 312,563
bales, from 541,131 bales, now have fallen to 234,426 balesYet in the face of this declining cotton movement, and the
smaller number of days this year, we have improved earn¬
Thus the

ings

2,852,356

223,660

Chicago Mil w. & SL.Paul
Chicago Sc Northwest... i

*

Total

209,114

3,044,000

1,179,78-2
232,358

Chicago Sc Alton

Sc

499,2-4

170,679

102,641

Ches. Ohio & 8. W
Chic.

55,302
415.827

Col. & Greenville

Ports.
1885.

Chesapeake Sc Ohio
Eliz. Lex. & Bi" Saudy.

55,065

426,256
818,764

Richmond & Danville...
Char. Col. & Augusta.

Since January 1.

February.

Boston Hoosac T. & W..
Burl. Cedar Rap. Sc No..
Canadian Pacific
Central Iowa
Central Pacific

Our statement of net

month of the

THE CHRONICLE.

March 14, 1885. j

327

in reductions in expenses contemporaneously between Germany and Great Britain has been satisfactorily
with gains in gross, on a large number of roads, while explained, and what might have proved a dangerous dis¬
where expenses have increased it is usually because of turbance of the peace of the world has been averted.
But the late developments m this scramble for territory
some special circumstance or circumstances.
Most of the
omy are seen

returns

of the leading roads we have

already analyzed in

have not been confined to Africa

previous issues, and those like the Burlington & Quincy, quite as pronounced
Cincinnati Indianapolis St. Louis & Chicago, and the the islands of the
Nor is
Eastern Huntington roads, which have come in this week, Continent.
Annexed is our table
embracing all roads from which reports can be obtained.

are

of the

same

favorable tenor.

GROSS AND NET EARNINGS TO LATEST DATES.

Jan. 1 to Jan. 31.

January.
NAME.

Gross

er

Operating

Burl. Cedar Rap. & North.—
1885
1884

..

Earnings. : Earnings.

223,718

172.832

213,362

153,713

$
50,887
60,150

*
223.719

*

50,887
60,150

213,863
1

Canadian Pacific—
1885
1884

*

*

Net

Gross

Net

Earnings. Expenses. Earnings.

:....

423,761

339.05S

274,645

401,915 df.127,270

292,910
280,621

214,933
215,011

Chesapeake & Ohio—
1885
1884

Elizab. Lex. & Big Sandy—
18J-5

1884
Ches. Ohio & South West.—
1885
1884

274,045 df.127,270
77.977

292,910
280,621

77,977

65,610

05,610

3,506

55,(Ml
47,388

14,504
3,500

25,905
14.463

115,518
104,094

25,91-5

90.231

1,129,954
1,012,706

862,530
035,514

1.992,484
1,048,220

862,530
635,514

134,097
114,452

69,347
55,806

203,444
170,318

09,347

20,16?
23,199

18,523
24,778

1,645
def.1,583

20,108
23,193

1,6 !5
def.1,585

25,211
26.484

20.761

4.450

19,313

7,171

25.211
26,48-1

4,450
7,171

22,718
26,534

12,418
17,827

10,300
8,707

22,713
20,534

10.3i)0

59,183
51,798

4S.295

41,518

10,888
10,280

59,1 S3
51,798

10,888
10,280

1.170.749
1,039,317

713,769
735,875

450.980

303,442

1,170,749
1,039,317

303,442

201.681

147,844
127,790

53,837

201,681

179,228

51,438

179,228

184,980
180,992

106,097
112,262

78,889
74,730

55.641

41,137

14.504

47,383

43,882

115,518
101,694

89,013

1,992,484
1,648.220

Cin. Ind. St. Louis & Chic.—

203,444
170,81b

1885
1884

84,706

I

Chicago Burl. & Quincy—
3885
1884

84.700

423.704

Connotton Valley—

|

55,860

•

1885
1884
Des Moines &• Ft. Dodge—
1885
1884
Fort Worth & Denver—
1885
1884

'

Kentucky Central—
1885
1884

Louisville & Nashville—
1885
1884
Mobile & Ohio—
1885
1884
Nashv. Chatt. & St. Louis—
1885
1884
N. Y. Lake Erie & West.*1885

.1884
N. Y. & New England—
1885
1884
Norfolk & Western—
1885
1884
Northern Central—
1885
1884
Northern Pacific—
1885
1884
Penn, (all lines east oi Pitts-

1885
1884

Rome Wat. A Ogdensburg.*.....

1885
1884

WeBt Jersey—
1885
1884

170,638
85,773

230,420
243,046

180,628
226,117

49,792
10,929

230,420
243,040

49,792

2S0.350

103,556
83,373

230.350
213,020

103,550

213,020

126,794
129,647

404,210
409.846

236,484
273,054

167,732
130,792

404 216

167,732

409,846

136,792

553,582
614,103

+440.574
+449,294

113,008
104,809

5’3.582
614,103

164,809

2.280.948

1884
1883

10,929

83i3T3

113,008

990.574

3,574.233

2.408.097

990,574
1,160,130

3,277,522
3,574,233

1,106,130

222,017
210,200

157,184
167,850

04,833
43,350

222,017

04.833

216,200

48,350

1.846 366
2 195,800

1,242,966

603,400
759,132

1,846,360
2,195,800

603.400
759,132

1,436,668

844,789
979,020

905,634 def 60,845
1,070,680 def 91,660

114 395

81,142
33,253
80,535 def.5,495

844.7S9 def 60,845
979,020 def 91,666

81,040

33,253
def.5,495

114,395

1,674,949
1,531,694

1,188,557

480,302
155,191

1,674,949

480.392

1,370,503

1,581,094}

155,191

85,009
75,283

42,059
50,996

43,010
24,287

85,069
75,283

43.010

70,120

51,402

18,658

70,120

18,058

69.300

44.400

24.900

69,300

24,900

t
132.985

*

24,287

Jan. 1 to Dec. 31.

December.

Name.

Chicago & East. Illinois—

78,889
74,730

1,315,443
1,507,211

81,040

1884§
Utah Central—

180,992

181,986

170,638
85,773

Philadelphia & Keadiny 4—
1885
1884
Phi la. & Read. Coal & Iron—

53,837
51,438

1,144,805
1,481,438

Philadelphia & Erie—
1885

456,980

1,315,443
1,507,211

3,277,522

1884

8,707

-

burg & Erie)—
1885
1884

1885..
1884
Union Pacific—
1885S

14,463

*

$

$

140,040

79,540
71,445

53,430
68,595

283,152
288,257

153,141
180,796

130,011
101,401

2,902.591

903,353

3,565,137

1,333,498

60.992
54,019

28.203

32,789

485,708

30,584

24,035

602,121

210.567
259,589

95,753
92,284

43,783
03,863

51,970

872,142
1,103,188

355,520
5&8,484

Galveston Har. & San. An.1884
1888
Louisiana Western—
1884
1888

Texas & New Orleans—
1884
1883
*

28.421

eumings and entire working expenses of the New
York Penn**ylvi<n’a & Ohio Railroad.
+ Not including taxes and rentals.
* Embracing operations of Central of New Jersey in both years.
5 Expenses include taxes in both years.

Including 68

per cent of

THE PARTITION OF THE PACIFIC.

a

alone.

They have been
feature of European activity among

Pacific

as

on

the coasts of the Dark

there any

satisfactory evidence that
over, or that an understanding has been
come to as to how it shall proceed.
We know that Ger¬
many has hoisted her flag over the northern part of New
Guinea; that she has annexed Hermit Island which is
about ninety miles west of Admiralty Island, and Duke of
the scramble is

York

Island

which

lies

in

the

channel between New

Britain and New

Ireland, together with Mioko, Blanche
Bay, and Port Weber, on the eastern end of New Britain,
and that she has concluded a treaty with the native
authorities which secures for her the controlling influence
in the Samoan group.
France holds the Loyalty Islands
and New Caledonia, the latter lying about 720 miles from
Queensland; France has assumed also the protectorate over
what is known as the Low Archipelago, over the Society
Islands, with a native queen at Tahiti, and over the Mar¬
quesas; and it is understood that she has set her heart on
the New Hebrides, on New Britain and New Ireland.
The Dutch, who have long been well established in the
Malay Archipelago, have had for generations distinctively
recognized rights in New Guinea.
The United States have of course neither colony nor
protectorate in this vast island region; but our interests
are
year by year increasing, mainly because of our grow¬
ing intercourse with Australia and New Zealand, and our
inlluence has for many years been second to none either in
the Sandwich Islands or in Samoa, where at Pango-Pango
we have had a harbor and a coaling station. In those South
Great Britain

has for many

generations
commanding position. All the large points of
vantage have been in her hands—the mainland of Aus¬
tralia, Tasmania, New Zealand, the Fiji Islands and Rotuma, and now all that is of any value in the great island
of New Guinea, the largest island in the world after Aus¬
tralia.
Nor is it unfair to say that whatever of commer¬
cial value attaches to the islands generally is due to
British enterprise; and that if the British Government
had deemed it desirable, she might, years ago, unresisted,
Pacific waters

held the

have claimed them all

as

her

own.

divisions into which they have
classified, the Milanesian, the Polynesian and the
Micronesian may yet remain under their original owner¬
ship; and the presumption now is that in proportion to
their value they will tempt the cupidity of the rival par¬
ties now engaged in the scramble.
A London conference
has been talked of; and if, notwithstanding the good
understanding which has been arrived at by Great Britain
and Germany in regard to Africa, a conference should
still be deemed necessary, the probability is that a distri¬
Of the three groups or

been

bution will be made of

the entire island territory

unclaimed by any European
event of such a conference being held,
Pacific

now

of the

Power. In the
it will be a nice

justified in
the Monroe
application in the premises.

question how far the United States will be
adhering to the Monroe doctrine or whether

amusing if not instructive feature of European polit¬ doctrine will have any proper
ical and national life is the scramble for territory in Africa. Our trade with Australia must increase with the increasing
All of a sudden the despised and neglected continent, and years; and it might not be wholly to our convenience if
for reasons not sufficiently apparent, becomes an object of the halting places in the great pathway across the Pacific
value, attracting the covetous eyes and the grasping hands were entirely in other hands.
There is no evidence that the islands just seized, or still
of several of the leading Powers of Europe. With this scram¬
ble we have become familiar.
Within the last few days it to be disposed of, are of any immediate intrinsic value.
ceased to be amusing ; but happily the misunderstanding Papua or New Guinea has an area of 250,000 square mile
An




[Vol. XL.

THE CHRONICLE.

328

has prevailed, but no increase of confidence in the immediate
population of about 800,000. The population has future can be discerned. Practically the result of the vote
been partially brought under the influence of Chris¬ of censure has been against the Government. They certainly
tianity; but there is no reason to doubt that in Papua, as secured a majority of 14, but as on the Franchise question the
in Australia and New Zealand, the native population will majority exceeded 100, the scoring of the smaller number is
to all intents and purposes a defeat.
Whether the Govern¬
disappear, if the climate is found congenial. The south¬ ment w ill
go out or will remain in power will be decided in a
west of this island, which is now under the protection of
few hours.
At the time of writing a Cabinet Council is sitting
Great Britain, is the most valuable; and the character of the and it is understood that the question of retaining office after
fauna and flora, as well as of the trees and food products,
the very narrow majority is under discussion.
In any event it would seem as if we must have a general
justifies the belief that enterprise and energy might make it
election
in the autumn. Perhaps as far as trade is concerned
another great home for the white man.
It may, however, the
appeal to the country may as well be made now as later
be found to be too far north, and therefore too near the
in the year.
The disturbing influences of a general election
equator. That part of Papua which has fallen to the lot of will have to be gone through and overcome, and the sooner
Germany is comparatively worthless. It is too near the the better. Just now we apparently have not much trade to
equator ; and the rivers all flow to the southwest. One disturb. The reports coming from your side of the Atlantic
river in British territory, the Ply, has been ascended by the give us ground for hope, but good things do not travel very
missionary steamer Eliargowan as far as 1 GO miles. 'The rapidly. Any change for the better is to be welcomed, no
matter from what quarter it comes, inasmuch as we may
eastern or northeastern coast is rocky ; and some of the
expect it will gradually extend to our shores; but after fre¬
peaks rise as high as 11,000 feet and 13,000 feet. The quent disappointments it has become hazardous to indulge in
Samoan group, which have virtually become the property hopeful anticipations. Before any real revival of trade can
of Germany by treaty arrangement, are nine in number, take place here the political horizon will have to become much
and are about 1,400 miles to the north of New Zealand, clearer than it is at present. The accounts from the manufac¬
and some G30 from Fiji. The combined area is about 2,650 turing districts are much of the tame tenor as those received
last week.
In all the leading staples transactions are limited
square miles ; and the population, which has been brought and values are far from strong, while the reduced traffic
under the influence of Christianity by the English Metho¬
receipts of the principal English railways testify only too
dists, is about 56,000—a good specimen of the Polynesian clearly to the smaller quantities of goods carried.
It was considered by no means improbable that the directors
race.
The islands are of volcanic formation and the soil is
rich.
The ox, horse and shrep have been successfully natu¬ of the Bank of England would lower the rate of discount, but
ralized in Samoa.
The islands, the largest of which is Sa- they failed to do so. Still it is believed that a reduction will
not be long delayed.
The weekly return of the Bank of Eng¬
vaii, were formerly governed by native chiefs, and it is the land shows a steady improvement. The reserve has further
claim of England that there was an understanding that no increased £625,786, and is now £16,549,493, exceeding the total
power should interfere or take possession without general of last year by about £2,480,000. Considering the state of the
money market outside, there is no reason why the Bank rate
consent.
this time last
With the quarrels of the rival parties engaged in the should not have been lowered to the level of
year, namely, 3% per cent. The Bank of Belgium has reduced
scramble we have, immediately at least, but little to do.
the rate from 3% to 3 per cent.
So far as Germany is concerned, it is difficult to see how
The following are the present prices for money.
she is to find compensation for all her trouble. She is said
Interest allowed
Open market rates.
for deposits by
to be following up and seeking to reap advantage out of
Trade Bills.
Bank Bills.
Disc't Wse
the wreck of the famous Frankfort house of Godefroy Lonion
Joint
At 7 to 14
Stock
Six
Four
Three
Six
Four
Three
Brothers, who did all the trading in the South Seas, as
Banks. Gall. Days.
Months Months Months Months Months Months

■with

a

Great Britain did all the

It is

mission work.

a

doubtful

experiment. If the experiment should pay it ought to be
a
gain to the South Seas and to the world. There ought
to be room for all; and the rivalry now presented in
Oceanica, as in Africa, is certainly a more agreeable spec¬
tacle than that other rivalry which finds expression in
destructive

wars.

3%@ - 2H® 3p6@
m® - 3% ® 3%®
3?i®m 3^nom
3:-£@3&,
3J4nom
3X® m® - 3J^a
M® - 3H®3H

Jan. 23 5
“

80

4

6 4

Feb.
“

18

4

20' 4

271

4

The

-

3*4®.

—

3H®
m®

- S<*@4
~
S<*@4

3%®
3M®

-

-\m&3u

3M®'6% 3%®
3^2 - 3*j®3M 3*.s'@

BATES OF EXCHANGE AT LONDON AND
AT LATEST DATES.




EXCHANGE AT LONDON-Feb. 27.

EXCHANGE ON LONDON.
Latest

Rate.

Time.

On—

Amsterdam. Short. 12 1% ®12-2%
Amsterdam. 3 mos. 12 3% @12-414
•20*68
@20-72
Hamburg..
2068
@20 72
Berlin
14
20-68 @20-72
Frankfort...
a
12-56
'@12*571^
Vienna
ii
12-55 m 2-5712
Trieste
44
25*55 -@25-60
Antwerp....
»ft

.

4ft

8t. Petersb’g
24H1B@24%
Checks 25*35 -@25*40
Paris
3 mos. 25*55 -@25"60
Paris
(»
25*75
@25*80
Genoa
44
46i>4'@4638
Madrid

Cadiz
Lisbon
Alexandria.

44

46i4/@4638

it

46i4'@4638

44

44

Constant’plo
dem’nd
Bombay
44
....

Calcutta
Hew York...
Hong Kong.

....

Shanghai....

....

....

Is.
Is.

7d.
7d.

ON LONDON

Date.

Rate.

Time.

12 10

27 Short.
27
27 3 mos.
*
Feb. 27
Feb. 27 Short.
*4
Feb. 27
Feb. 27
Feb. 27 Short.
Feb. 27 3 mos.
Feb. 27 Cheeks
Feb. 27
Feb. 27 3 mos.
ii
Feb. 27
if
Feb. 27
44
Feb. 27
44
Feb. 27
ii
Feb. 27
Feb. 27 tel. tsfs
ii
Feb. 27
Feb. 27 60davs

Feb.
Feb.
Feb.

....

20*53
20-35
20-51
12-45

•

Feb.

Feb.

27

4 mos.

27

4ft

25-38
»

•

•

•

25-36

Circulation excluding
bank post bills
Public deposits
Other deposits
Go vernm’t securities.
Other securities
Res’veof notes tfe coin
Coin and bullion in
both departments..
to

£

| From our own correspondent. I

London, Feb. 28, 1885.

Although the past week has not been disturbed by the
receipt of exciting military telegrams, the political position
cannot be said to have improved.
Greater quietness certainly

1882.

£

£

25,016,455
9,136.618
23.853,766
13.133.684
24,563,519 25,883,187

22,749,458
16,519,193

24.812,634
14,065,313 14,036,952

12,5 14.534

24,218,333

22,495,913 23,142,567

21,780,989

4 p. c

Consols

9S%«

5 p. o.

102kid.

101i3lf(d.
36s. Lid.
S^d.
97sd.

32s. 4d.
5%!.

Eng. wheat, av. price
Mid. Upland cotton..

37%

43
3 p.c.

407a
3^ p. c.

49-S3

liabilities

lOO^d.
45s. 74.
6^d.
10%d.

41s. 9d.
. 5d.

9%d.
9%d.
Clearing-House ret’n. 97,125,000 97,338,000 137,856,000 136,093,000
The Bank rate of discount and open market rates at the
No. 40 mule twist

chief Continental cities now

weeks

and for the previous three

follows:
February

5.

February 26.

February 19.

February 12.

Bank

Open

Bank

Open

Bank

Open

Bank

Open

Rate.

Market

Rate.

Market

Rate.

Market

Rate.

Market

of

Interest at

3s. 6^d.
4s. 10^d.

1883.

23,118.840 24,180,600 21,835,615
10,783,7u6 11,243,565
9,637,166
24,101,754 23,026,465 £2,812,629
14.051.801 13,453,063 12,383,372

Bank rate

11000

.

3*-3*

position of the Bank

1881.

£

Proport’n of reserve

Rates

4-83*4

3

3

England, the Bank rate
and other items, compared with previous years:

have been as

67sd.
(>15lfid

8

3

of
of discount, the price of consols,

following return shows the

25-50
47-50

Is.
Is.

3

3&
8
3
3
3

3k@4
'3%3 3*

-

3& 3H-3M
3 3*4-3*
3 3*-3*
33 3*-3*
3^-324

3%

3%®3K

nom 3%®3yA
3:!<;nom
3^nom 3H@3% 8M
S^nom
3%®3yA
S^@3?s
-’3^34 |8^@3?s
3m -!3^g.4
3^43^ 3H@

1885.

psiflttetarggOPotttmcrctal gngUstt Itetos

\3%®4

3h>®3%
3%®3yi 3%33U 3h>®3%
3%®3%

4%
4

4H
3M

6

6

6

8

4

4H

4%

4*4

2H
2%
2%
2H
4%
3**

4

Brussels

..

414

Vienna

4

4

St. Petersburg..

9

6

6

Copenhagen.

4

4

4

.

3«
4H

4*
3%

4

Madrid

3

4

2'A

Frankfort

3

2*
2M
2H
2H
SH
4H
3X

4%

Berlin

4

2H

4

8

3
4

3

3

2H
2%
2M
2H

3*

2%

4

Hamburg

2H

4

3

3

Amsterdam

3

2H
2H
2H
2%
2jH

Paris

4

4
3

4
4

3

4

'

8

329

THE CHRONICLE

14, 1885.]

March

Referring to the state of the bullion market, Messrs. Pixley
& Abell write :
Gold—There being no demand, gold continues to flow into the Bank,
the amount so .disposed of being £203,000. Sovereigns to the value of
£20,000 have been withdrawn for transmission to the River Plate.
The Sutlej has brought £12,000 from ludia, toe Tougariro has brought
£84,000 from New Zealand, and about £170,000 has been received from

Converting quarters of wheat into cwts., the total sales n
kingdom during the above periods were as follows:

the whole

1884-5.
cwt. 24.007,236

Wheat

1883-4.

1882-3.

1881-2.

22,670,209

22,151,532

‘ 20.729,400

The

following return shows the extent of the imports of
into the United Kingdom during the first
t
total,
the Continent;
£260,000.
wenty-five weeks of the season, the sales and average prices of
Silver—An improvement, iu the Eastern exchanges, and a rise in the
home-grown
produce for the same period, and other items, com¬
rate of discount by the Bank of Bengal, has caused silver to appreciate
to the extent of %d. per ounce from our last week’s quotation, and trans¬
pared with last season:
actions have taken place at 494d. per ounce standard, at wlii<-h that
IMPORTS.
arrived per Magellan was fixed, and in the absence of supplies this quo¬
1984-5.
1883-4.
1882-3.
1881-2.
tation is purely nomiual.
We have received £30,000 from Chile.
cwt. 23,G10,i6l 28,272,409 33,133,960 31,248,270
£54,000 f orn New York and £2,230 from Bueuos Ayres; total, £05,230. Wheat

The Nepaul

quotations for bullion are reported as follows:

Price

Feb. 20.

of Qold.

s.

gold, fine., oz.
Bar gold, contain’g.
Bar

20 dwta. silver.oz.

Span, doubloons.oz.

77

d.
9

Feb. 19.

77

9

d.

Bar silver.fine..oz.
*

77 10*^

Feb. 20.

Price of Silver.

d.

8.

77 L0>4

d.

49^

48^

49>6

49J4

53

53 3-10

Oats
Peas
Beans
Indian
Flour

oz.
1

3.1290—ThIie

9,936,941
6,318,135

925,209

1,330.8*8
corn
13,77G,019
7,643,766
Supplies of wheat and flour available for
live weens, stooks Sept. 1 not beiug included: j

55,488,484

9,887,021

1881-2.

28,272,409 33,133,960
7,613,766
8,493,385

31,248,270

22,670,209

22,151,532

20.729,400

58,586,384

63,778,877

56,152,085

Id.

46s. lOd.

Av’ge price of English
wheat for season.qrs.
32s. Gd.
Visible supply of wheat
in the U. 8
hush.43,100,000

7,556.742

4,893,673
932,518
910,939
11,525,757
4,174,415
consumption In twenty7,495,553
1,142.841
1,253,407
7,660,711
8,493.385

1882-3.

1883-4.

1884-5.

Imports of wheat, cwt.23,610,461
Imports of flour
7,870,787
Sales of home-grown
produce
24,007,236
Total

ing 5 grs. gold..oz.
Mexican dols...oz.

8.Am.doubloons.oz.

Feb. 19.

Bar silver,contain¬
Cake silver

.......

8,956,398
5,371,463
1,013,880
1,838,013
10,123,841
7,870,787

Bailey

takes £ 102,000 to India.

Mexican D >llars—The French steamer Colombie has at length arrived
with £ 121,000 of this coin; those which had not been previously sold
were placed at 47 ll-16d. per ounce, and since the price lias impioved
with the increased quotation for bars, but awaiting the arrival of the
West India steamer, we are unable to give a quotation.

The

cereal produce

39s.

7d.

41s.

32,125,000

22,000,000

4,174,415

18,027,000

upply of wheat and

The weather
agricultural outlook is satisfactory.
qrs
2,809,000
2,013,000
3,148,000
2,272,000
throughout the week has been favorable to the growth of the
The following shows the quantities of wheat, flour and In¬
crops.
Refreshing rains have fallen in all districts. The dian corn on passage to the United Kingdom.
flour afloat to U. K.

The

young

wheat plant is generally described as being strong and
The land is in a forward state for spring sowing.

healthy.

Continental advices do not allude to any new feature, but the

Wheat
Flour
Indian

At

qrs.

corn

present.
2,584,000

Last week.
2,436,000

Last year.
1,754,000

225,000
300,000

240,000
312.000

289,000
123.800

1883.
2,030,000
242,000
203.000

prospect, as with us, is generally considered satisfactory.
Melbourne advices dated January 14 state that the wheat
English Market Reports—Per Cable.
The daily closing quotations for securities, See., at London,
yield in the colony will not average over nine to ten bushels
per acre, and the quantity available for export will probably and for breadstuff8 and provisions at Liverpool, are reported
be 120,000 to 140,000 tons, as compared with a surplus of 250,000 by cable as follows for the week ending March 13 :
tons last year.
The quality of wheat is first-class. The move¬
Thurs.
Fri.
lues.
Wed.
Mon.
London.
Sat.
ment to the seaboard has been very light, the disappointing
49
49
49
49
49
Silver, per oz
d. 49
prices current checking shipments. Much of the grain will Consol 8 for money
97
9o%
971516 97l5je 973a
974
97
974
97%
Consols for aooount
983i*
98*4
98*16
probably be kept back on the chance of more remunerative Fr’oh rentes (in Paris) fr 82-22 4 82-32 4 82-374 82-274 81-924 81-824
1145s
114%
1144
114%
1144
1145s
prices ruling later on in the season. The French Government U. 8. 4i«8 of 1891
4s of 1907
1253S
xl244 1244
1254
1254
1244
have finally determined to lay a duty of three francs per 100 U. 8.
40
39
40%
Canadian Pacific
404
38
4034
404
77
744
76%
Chic.
Mil.
&
St.
Paul
76*4
7538
74^4
kilogrammes on foreign corn, and at the same time the tax on
13 7g
14 4
144
14%
14%
Erie, common stook.... 144
129
1294
129 U
foreign flour has been raised from If. 20c. to 6f. per quintal.
1293s
1294
Illinois Central
1294
54 4
544
544
55*8
544
54-58
Pennsylvania
There has been no change in the position of the grain trade
0
9
9
94
85s
84
Philadelphia A Reading
9 13g
93
at Mark Lane.
914
S924 ( 914
904
Throughout wheat has been dull of sale, and Mew York Central
if not quotably lower has continued to favor buyers.
Actual
Fri.
Wed.
Thurs.
Mon.
Tues.
Sat.
Liverpool.
operations are on a very meagre scale. Purchases are not
d.
d.
8.
d.
d.
8.
8.
8.
d.
8.
s.
d.
allowed to go beyond the limit of requirements.
10 9
10 9
10 9
10
9
10 9
flour (ex. State).100 lb. 10 9
A large supply of grain is on passage, in spite of some
Vheat, No. 1, wh. “
6 10
7 0
6 104
7
1
6 11
611
Soring, No. 2,u. “
diminution in American shipments and a liberal foreign im¬
9
9 8
9
9
8
9
8
8
9
8
8
Winter, South, n “
6 10
6 11
6 10
6 11
6 11
6 9
'Winter. West., u
“
port, and the American visible supply is still fully 11,003,000
7
2
7
1
7 2
7 3
7 0
7 1
Cal., No. 1
•*
6
8
6
6
6
9
8
6
8
8
6 7
bushels more than last year. Statistically, therefore, cir¬
Cal., No. 2
't
5
8*3 5 84 5 8 4 5 84 5 84 5 84
Corn, mix., old... “
cumstances are against the holder and the reticence of millers
4
4 44
4 5
4 7
4
4 4
5
5
'-oru, mix., new..
“
57 0
56 0
56 0
57 0
57 0
0
West.
Porn,
mess.. # bbl 57
is explained.
Farmers are not sending forward their produce Saoon, long clear
32 0
31
32 0
32 3
9
31 9
31
9
33
0
82 6
so freely, but this has but slight effect upon the markets so
84 6
83
0
33 0
3eef, pr. mess, new,# tc 83 0
36 3
35 6
35 6
36 3
Lard, prime West. # cwt 35 6. 35 6
long as importations keep up. However as consumption has Oaeese. Am. choice
58 0
57
0
58 0
53 0
58 0
57 0
been on a full average scale and the imports, though now
liberal, are still short by some 4,GOO,000 cwts of what they ©mwwcvcial anil IlXisecllaueaus
3Jewrs
were at the corresponding period last season, there must have
been a considerable reduction in the stocks held.
This ought
National Banks.—The following national banks have lately
to tell upon values, but at the moment it seems as though been organized:
nothing would influence them. The recent display of steadi¬ 3.318— The German National Bank of Little Rock, Arkansas. Capital.
$200,000. John G. Fletcher, Pres.; Creed T. Walker, Cashier.
ness has passed away.
A large speculative business is reported
First National Bauk of Osborne, Kansas. Capital, $50,000,
W. II. Burke, Pres.; IV. F. Earls. Cashier.
to be doing, but there is a decline on the week equal to about
First National Bauk of Sibley. Iowa. Capital, $50,000.
Is. per qr., and the final prices are very little above the lowest.
Charles E. Brown, Pres.; H. L. Eminert, Cashier.
Imports and Exports for the Week.—The imports of last
Judging from present indications the trade here will remain
quiet and featureless in all positions both on the spot and for aweek, compared with those of the preceding week, show
decrease in dry goods and an increase in general merchandise.
arrival, as it is present. Prices will probably keep weak, but The total
imports were $8,091,45.2, against $7,927,763 the pre¬
no decline can be expected.
ceding week and $7,890,770 two weeks previous. The exports
In the following statement is shown the extent of the sales for the week ended March 10 amounted to $6,586,972, against
The
of home-grown wheat, barley and oats in the principal mar¬ $5,869,353 last week and $5,417,915 two weeks previous.
following
at
week
ending
are
the
imports
New
York
for
the
kets of England and Wales during the first twenty-five weeks
(for dry goods) March 5 and for the week ending (for general
of the season, together with the average prices reached, com¬
merchandise) March 6; also totals since the beginning of the
pared with last

first week in January:

season:
SALES.

Wheat

Barley
Oats

1883-4.
1,580,494

1884-5.

_

qrs.
.

1.673,707
2,643,017
165,412

2,601,712
194,633

1882-3.

1881-2.

1,277,973
1,656,302
159,209

1,195,929
1,396.774
160,736

AVERAGE PRICES.

1884-5.
d.
8.

Wheat

Barley

per qr.

oats....;.;::::::;::;:;*;;:




1883-4.
d.
8.

1882-3.
d.
8.

32
31

6
5

39 7
32 11

34

19

7

19

2010

8

41

1
0

1881-2.
s.
d.
46 10
33 6
20 10

For Week.

Dry goods

Gen’l merMise..

FOREIGN IMPORTS AT NEW TORK.

1884.

1885.

1882.

1883.

$2,315,992
5,907,255

$3,420,429
6,884,754

$3,985,290

5,641,529

$2,199,038
5,892,414

Total
Since Jan. 1.
ury goods
Gen’l mer’dise..

$8,223,247

$10,305,183

$9,626,819

$3,091,452

$31,246,509
64,348,763

$30,490,458
60,873,930

$28,982,004
56,374,678

$23,222,336
48,207,152

Total 10 weeks.

$95,595,277

$91,370,388

$85,856,682

$71,429,488

report of the dry goods trade will be found the im¬
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
In

our

specie) from the port of New York to foreign ports for
week ending March 10, 1885, and from January 1 to date:
EXPORTS FROM NEW

‘

i

i

$7,507,419

57,929,563

62,798,816

53,551,832

$6,586,972
59,635,126

Total 10 weeks.

$64,109,663

$70,306,235

$58,891,272

$66,222,098

$5,339,440

81

Great Britain
France

Germany

West Indies
Mexico

Booth America....:
All other countries.
Total 1885
Total 1884
Total 1883

Silver.
Great Britain
France

Germany
West Indies

20,000

83,650

$119,500
18,660
18,000

$2,498,508

$7,368,856

$3,256,525

Dec.

$887,669

3,193,772

3,294,983

Dec.

101,211

$4,961,542

Dec.
Inc.

$786,458

and balances1

3,414,567

3,414,736

169

$1,546,975 Dec. $786,627

$760,348

Balance

“3ince the organization of

company sold, less
has received $7,787,587,

482,938

14,054

bonds on which default has been made amount to
and the railroad company does not guarantee the

$1,000,000,
interest in

any way.
76

95,283
34,374

59,966

2,100
26,424

45,132

Mexico
Booth America
All other countries.

5.!

.$376,249
1,263,918

the land department in 1871 the
cancellations, 1,819,393 acres of land and
part of which has been employed in
ending March 7, and
periods in reducing the funded debt. The company still has 1,114,586
acres of land unsold, besides $1,567,598 in bills receivable Tor
lands already sold, all of which are applicable to the redemption
AND IMPORTS OF SPECIE AT NEW YORK.
of the outstanding land grant bonds, amounting to $2,626,000,
Imports.
Exports.
which are included in the foregoing statement of the Atchison
Company’s bonded debt; $100,000 of these bonds have been
Week.
Since Jan.l.
Since Jan. 1.
Week.
purchased and canceled since the 1st of January, 1885.”
$8,500
$
New York Susquehanna & Western.—The application for
1,226,360
196,860
9,562
9,562
635.585
2,365,763 a receiver of the Pennsylvania Anthracite Coal Company,
159,246
4,057
3,150,750
335,300
made to the United States Circuit Court at Pittsburg on Tues¬
12,093
5,601
67,704
day, does not call for a receiver of the New York Susquehanna
89,375
2,971 & Western Railroad Company, as stated in the dispatch.
The
29,378
9,836
railroad company owns a controlling interest in the stock of
$842,102 $3,834,137
$354,698 $3,288,065
33,009
151,289 the coal company, and has been made a party to the suit. The
8,740,455
6,177,192

of specie

The following table shows the exports and imports
at the port of New York for the week
since January 1, 1885, and for the corresponding
1884 and 1883:

Gold.

Ino.
Inc.

1885.

$6,180,100

EXPORTS

118

$16,285,690 $15,909,411
7,652,916
8,916,834

1.

earnings
Operating expenses..

Changes.
Inc.

2,219

2,337

Gross

WEEK.

■/*J *:

$

Miles of road Jan.

the

For the week...
Prev. reported..

i

1883.

1884.

Fixed charges

1884.

1883.

1882.
:

YORK FOR TUB

[Vol. XL.

CHRONICLE.

THE

330

82,355
41,799

Western Union

Telegraph.—The directors of the Western
of 134 Per cent f°r

Union Telegraph Co. have declared a dividend
the quarter to end March 31, payable

April 15. The quarterly

published as usual. The corrected statement
3,908
4,252
for the quarter ended December 31, 1884, shows that the esti¬
$188,104 mate for that quarter gave the net revenues $84,153 greater
$37,032
$156,160 $2,671,781
Total 1885
913,592 than they actually were, which left the surplus of. that quar¬
30,545
3,257,753
312,958
Total 1884
894,158
235,114
2,698,701
507,568
Total 1883
ter at $72,477, instead of $156,168.
For the quarter to end
March 31, 1885, the estimate of “net revenues” is $284,259
Of the above imports for the week in 1885, $4,057 were less than the actual for the same quarter of 1884. A dividend
American gold coin and $1,583 American silver coin. Of the of
134 per cent leaves the estimated surplus for the quarter at
exports during the same time, $9,836 were American gold coin. $6,665 against the actual surplus of $78,887, after the pay¬
U. S. Sub-Treasury.—The following table shows the receipt a ment of 1% per cent dividend, for the same quarter of 1884.
and payments at the Sub-Treasury in this city, as well as the The estimate for the quarter ending March 31, 1885, com¬
pared with the actual results in the same quarter of 1884, are
balances in the same, for each day of the past week:
5,200
3,308

4,235

statement was

as

Balance s.

Payments.

Receipts.

Date.

$

$

842,293 99

7.
9.
10.

826,112 09
1,621,158 81
1,679,145 21

11.
12.
13.

1,319,073 12
769,236 75

1,330,649 19
1,294,577 66
1,390,450 65
739,600 78
1,113,539 22

Total...

6,956,530 88

6,711,116 49

Mar.
“

“
“

“
“

742,804 91

$
145,367,771
145,544,021
145,909,900
145,251,393
145,552,778
145,376,831

$
44 24,464,114 84
68 24,578,374 22
22 24,597,063 23
14 24,607.934 57
44 24,896,011 61
04 21,716,656 54

Atchison Topeka & Santa Fe.—A preliminary statement
issued in Boston gives the earnings and financial status of this
road for 1884, to which the figures for 1883 have been added
below for comparison.
ATCHI8ON

TOPEKA

it

SOUTHERN

Total capital stock...
Total outstanding bonds

2,798
$56,913,250
(all systems)..
50,857,500
$107,770,750

Total stock and bonds

mile January 1, 1885.
Capital stock
Rate per

Bonds

2,621
$56,913,250
48,014,000

$1,350,000

$135,587

155,578

19,991-

$123,500

143,500

20,000-

$1,206,500
$1,478,681
(13i por ct.)l,399,794 (l*sper ct.)l,199,835

Net income
Less dividend

$6,665
4,231,667

$78,887
3,970,932

Surplus for quarter....
Add surplus for Dee. 31 ...
Surplus of March 31...
—The Baltimore & Ohio

$4,238,332
secured

$4,049,819

5 per cent 40-year gold loan,

—Mr. A. R. Spofford, Librarian of
the American Almanac for 1885.

Congress, has compiled

Adrian H. Muller & Son.

Miles.
2.208
2,219
2,837

Gross

Earnings

Net

Earnings.

per mile.

16.110,009
15,909,441
16,285,690

7,295
7,169
6,955

Earnings.
6,748.241
8.2>6,525
7,363,956

sales of
wash¬

These figures are exclusive of the receipts from
land.
The expenses for 1884 include about $300,000 for
“

in New Mexico, and

about $200,000 for stone ballast,

The

which in previous years was charged to construction.
cost of steel rails replacing iron, over $150,000, has also been
included in the operating expenses.
The amount charged to

operating expenses for stone ballasting is $220,000, and charged
for sfeel rails and fastenings $200,000.
Comparative statement for years ending December 31, not
including the Sonora nor Atlantic & Pacific roads, but in¬
cluding the Southern Kansas system:


m


.fr—Estimated, 1885.—.

$1,634,259'

Sinking fund

$33,506

The statement says: “The reduction of the bonded debt as
compared with the statement of October 1, 1884, has arisen
through the operation of the various sinking funds and the
purchase from sales of land of land grant bonds and the
sale of the Pleasant Hill & De Soto Road, the bonded debt of
which was $120,000.
“The course of business will appear from the following fig¬
ures, the earnings of certain roads in Kansas operated in the
Southern Kansas system, owned by the Atchison Company,
being also included:

“

Actual, 1884.

The book is brimful of
valuable information, statistical, financial and political. It
$104,927,250 is issued by the American News Co. in cloth and paper editions.
Auction Sales.—The following, seldom or never sold at the
$20,335 Stock Exchange, were sold at auction this week by Messrs,
18,171

Stock and bonds

outs

Net revenue
Deduct—
Interest on bonds

by pledge of mortgage bonds on the Pittsburg & Connellsville
road, are offered by Messrs. Hallgarten & Co., Speyer & Co.
and L. von Hoffman & Co. The price was at first 10134* but
SANTA FE RAILROAD, INCLUDING SONORA AND so
rapidly were the bonds taken that the price for the balance
KANSAS BUT NOT ATLANTIC & PACIFIC.
1885.
1884- is advanced to 10234*

January 1, total mileage

Tear.

:
,

Currency.

Coin.

follows

.

Shares.
280
100
187
50
100

Produce Bank
$180
Mt. Morris Safe Dep’it Co. 594
Sibley M’f’g Co
$50p.s.
Grey lock Mills
$96 p. s.
W. D. Wilson Printing
Ink Co

$75 p. s.

King M f’g Co.$63 p. s.
1,536 JEtna iron MTg, Min¬
ing & Oil Co
$10p.s.
700 Harlem Dist. Tel. Co. $100 lot.
10 Met’nConc’t Co.(lim’td)$23 lot.

200 John P.

2 Star Newspaper.,
$3
400 Higlil’nd Chief Min’g Co.$3
209 Sii ver Islet Min’g & Land
$6
Co

lot.
lot.

lot.
l,CO0 Alta. Montana, Min’g
Co. (old stock)
$150 lot.
5,2SG Dreadnaugkt, Mining
$9 lot.
Co
10 Diving <fc Breatbing'Ap-

Shares.
48 Bank of N. Y. Nat. Bank¬
ing Association
162
20 Mechanics’ National B’k.138
3 United States Trust Co. .506

Rutgers Fire Ins. Co
115
Oriental Bank
142
Mechanics’ National B’k.138%
Am. Exeh. Nat. B’k.. 123-122?8
182*4
2d Avenue RR. Co
Brooklyn City RR. Co....217
181*4
2d Avenue RR. Co
People’s Gas-Light Co. of
Brooklyn
81*4
10 Fulton Municipal
GasLight Co
..151
25 Mercantile Trust Co
135

20
100
35
50
10
100
100
200

Bonds.

Min’g
". $6
$400 Atlanta & West Point
RR. Co., scrip
93*2
paratus
$1 lot.
$70 Chesapeake & Ohio RR.
4 Atlanta & W’t P’t RR. Co. 95
Co. 1st pref. st’k. scrip.. 10*a
900 Mo’ecular Telephone Co.
6
$5,000 City of New York 6s,
250 Molecular Dist. Telephone
$1,000 Highland Chief
Company

...

& Telegraph Co
6 Great Western (Marine)

5

Co
62
1 Clinton Hall Association. 61
86
46 IT. S. Life Ins. Co
85 Knickerb’ker Fire ins.Co. 85
50 National City Bank
252*2
328
60 Union Trust Co
50 United States Trust Co...463
Insurance

Cont’l Park Improvem’t
F’d St’k. due 18*<7.105*2 &

$500 City of

int.

New York 6s,

Central Park Fund St’k,
due 1837

1043a & int.

$5,000 Ohio State Caual St’k

6s. due Dec. 1, ’86.105 *2 &
2 Certificates
New York

Maritime Associat’n.$90

int.

each

March 14,

The following were the rates of domestic
York at the under-mentioned cities to-day :

3£hc IPaukers' (labile.
The folio-wing dividends have recently been
Per
cent.

Name of Company.

Railroads.
Dubuque & Sioux City

2
li«

Vallftv fmia/r.l

Manhattan Elev.consol. stk.(quar)
Miscellaneous.
American Bell Telephone (quar.)
Western Union Telegraph (quar.).

1%
3

Un

When

premium,
Books Closed.

(Day8 inclusive.)

April 16 April 1 to Aprils 16
April 15 March 10 to
April
1 March 21 to April 1
April 15 March 30 to Apr. 11
April 15 March 21 to April 1

YORK, FRIDAY, MARCH 13,

New

on

Savannah, buying

selling

par@£ premium; Boston, par; New
St.

Orleans, commercial, 75 premium; bank, 100 premium;
Louis, 25 premium ; Chicago, 25 discount.
The posted rates of leading bankers are as follows :

announced:

Payable.

exchange

£ discount, selling | discount @ par; Charleston, buying 1-16.

DIVIDENDS.

NEW

331

THE CHRONICLE.

1865.]

Sixty Days Demand.

March 13.
Prime bankers’sterling bills on
Prime commercial
DncnmAntArvnnmmercial
Pari 8 (francs)

London

4 94
4 82
4 Sl%

4 87

5 2318

5 20%
40%

40%
94 %

Amsterdam (guilders)
Frankfort or Bremen (reiohmarks)

1855-5 P. M.

95%

United States Bonds.—In Government bonds the dealings
trifle more active than in the previous week, though still

Money Market and Financial Situation.—After
some excitement on the Anglo-Russian war question during the
week, the foreign advices yesterday and to-day were more pacific,
and the markets have relapsed into dulness.
It is doubtful
whether at any time the actual prospect of war has been as
great as the bulls in grain have tried to make out—but in
The

were a

small scale, with prices about steady.
The closing prices at the N. Y. Board have

on a

been

as

follows:

Interest March March March March March Marcfi
13.
12.
10.
11.
t
9.
Periods.
•

4%s, 1891
reg.
4%s, 1891
coup.
4s, 1907
...reg.
4s, 1907
coup.
3s, option U. 8—reg.
6a, cur'oy, ’95—reg.
6a, cur'oy, ’96—reg.
6s, cur'oy, ’97—reg.
6a, our'ey, ’98
reg.

these times of

depression anything is made much of, which can
by any possibility give animation to the markets.
The railroad earnings for February, published on another
page, do not make as good an exhibit as did those for January,

Q.-Mar.
Q.-Mar.
Q.-Jan.
Q.-Jan.
Q.-Feb.

J.
J.
J.
J.
6a,our’ov. ’99.. .ree. J.

it is well known that

&
&
&
&
&

J.
J.
J.
J.
J.

*111 ^ *111% *111%
112
*11134 112
112% 112
*121^4 *121 % 121% 121%
*12214 *122% *122% 122%
*101% 101% -101% *101%
*125
*127
*129
*133
*134

*125
*127
*129
*133
*134

*125
*127
*129
*133
*134

*125
*127
*129
*133
*134

111%
*111% *111%
*111%

*121% *121%
*122% *122%
*101% *101%
*125
*127
*129
*133
*134

*125
*127
*129
*133

*134i
February was a month of heavy snow
storms and bitterly cold weather which interfered greatly with
This is the price bid at the morning board; no sale was made.
railroad business.
That month is now well past, and the few
State and Railroad Bonds.—The transactions in State bonds
returns yet to hand for the first week of March generally compare were limited to the following: $7,000 South Carolina Brown
consols at 108^; $5,000 Virginia 6s deferred at 6; $1,000 Ala¬
exceedingly well with the same week of 1884. The Union
bama, Class A, at 87; $3,000 Tennessee compromise bonds at 54,
Pacific statement for January came out this week and showed
and $10,000 Arkansas 6s, funded, at 7.
a remarkable gain in net earnings as compared with the same
The market for railroad bonds has been moderately active,
month of 1884, the net this year being $486,391, against $155,- and, upon the whole, pretty strong, with some issues advancing
quite materially. A few bonds, however, are lower, among
191 last year, but against $897,732 two years ago—in 1883.
which Houston & Texas issues are conspicuous.
Sales have
The chief drawback to a prosperous railroad business is still
been well distributed and extended over a large number of
found in the low rates, and the difficulty in securing any agree¬ issues.
Erie 2ds close-at 564, against 55£; West Shore 5s at
ment among the trunk lines.
It is for this reason that tlje 35£, against 35^; Northern Pacific 1st coup, at 105£, against 105;
Richmond & Danville lsts at 101J, against 100^; do. debentures
rumors current' from time to time of a settlement of the West
at 68, against 63; Central of New Jersey consol, assented,
Shore troubles have so wide a significance, and excite so much
coupons off, at 1024, against 99f; do. convertible assented at 102,
interest outside of the comparatively small circle of those who
against 99f; Canada Southern lsts at 99£, against 98-$; Louis¬
may be holders of the bonds or stock of that company.
It is ville New Albany & Chicago lsts at 94, against 95; Fort Worth
believed that when the West Shore is reorganized, whether & Denver lsts at 65f2 against 64; Wabash, Chicago Division, at
under Vanderbilt control or otherwise, the field will be ready 78J, against 76; Houston & Texas Central lsts, mainline, at 84$-*
against 88; do. 1st Western Division at 71, against 75; do. 2d
for new agreements among the trunk line managers that can be main line at
62, against 69; New York Chicago & St. Louis
made effective for the maintenance of rates.
lsts at 87, against 891.
Rates for call loans during the week on stock and bond
Railroad and Miscellaneous Stocks.—Although the stock
collaterals have ranged at 1@2 per cent and to-day at market has been irregular, and prices have fluctuated consider-,
ably, the general tone was strong early in the week, and the net
1@H per cent. Prime commercial paper is quoted at 4@5 per result
of the week’s transactions shows a little higher range of
cent,
prices. There has been considerable talk in regard to the threat¬
The Bank of England weekly statement on Thursday showed ened hostilities between England and Russia, and the market
again in specie of £579,743, and the percentage of reserve to has been influenced considerably thereby. A generally strong
tone prevailed until Thursday, when there was quite a re-action,
liabilities was 47, against 46 1-16 last week; the discount
in consequence of a more peaceful tone being apparent in the
rate remains at 4 per cent.
The Bank of France gained 175,000 foreign news.
francs in gold and 2,461,000 francs in silver.
In the early part of the week Lackawanna showed great
The New York Clearing House banks, in their statement of strength, advancing to 109£, but later it broke considerably,
March 7, showed a decrease in surplus reserve of $1,735,550, and has since been very irregular, fluctuating widely from day
to day. The break was attributed by some to a settlement with
the total surplus being $47,385,100, against $49,120,650 the
the shorts, but there are still Evidences of a strong support for
the stock, and the danger of being short of it has been welf
previous week.
The movements of Lackawanna naturally influ¬
The following table shows the changes from the previous demonstrated.
enced
the
other
coal
roads more or less, and Jersey Central was
week and a comparison with the two preceding years in the
very strong in the early dealings.
averages of the New York Clearing House banks.
The Vanderbilt stocks have been conspicuous for activity and
as

*

1885.
March 7.
Loans and dis.

Specie

Circulation...

deposits..
Legal tenders.
Legal reserve
Net

Reserve held.

Surplus

Differ'ncesfr'm
Previous Week.

1884.
March 8.

strength, New York Central being influenced by the short

1883.
March 10.

interest and possibly by the revived reports of a reorganization
of West Shore.
Lake Shore’s quarterly report for the three
months ended Dec. 31 came out early in the week, and as it was
rather better than expected, in regard to the surplus shown, it had

$302,384,400 lnc.$3,793,S00 $348,279,900 $325,180,000
103.789.700 Tnc. 2,125,300
71,898,100
51,519,70j
11,086,500 Inc.
173,600
14,612,801
16,609,200
Tnc.
353,726,400
3,058,600 355,085,300 298,411.400
Dec.
32,027,000
3,096,200
29,693,900
17,917,000
$S8,431.600 Inc. $764,650 $88,771,325 $74,602,850
970,900 101,592.000
135.816.700 Dec.
69,436,700
$47,385,100 Dec.$l,735,550

good effect on that stock.
The strength of the market has extended to the grangers,
notwithstanding the rumors that St. Paul would not maintain its
dividend, and would declare less than 3| at the approaching
semi-annual period.
The strength was undoubtedly stimulated
largely by the advance in wheat, which followed the report
that war ”seemed inevitable in Asia.
Omaha preferred, how¬
ever, broke on Thursday, owing to a report that the dividend
would be passed, but recovered part of the decline when it was
found to be, at the least, preipature.
The stocks of the Gould roads, while exhibiting no market^
activity or weakness, have not participated in the general
advance, in consequence of the disturbance to business occa¬
sioned by the extensive strikes taking place among the employes
a

$12,820,675 df.f 5,166,150

Exchange.—There is nothing new to report in the sterling
exchange market, it having been extremely quiet, with rates
steady for long bills and nearly so for sight; the war rumors
have had little effect.
The posted rates remain as quoted last
week.

To-day the rates on actual business were as follows, viz.:
days’sterling, 4 83^@4 83^; demand, 4 86J@4 86£.
Cables, 4 86£@4 86£. Commercial bills were 4 81£@4 82. Con¬
tinental bills were : Francs, 5 23£@5 23f and 5 21J@5 21|;
reichmarks, 94}@94f and 94f@94£ ; guilders, 40 and 40J.
Bankers’60




of the Missouri Pacific and other

Gould roads.

To-day the market was sluggish and prices were
•

weak.

generally

CHRONICLE

THE

382
NEW YORK STOCK

STOCKS.

Saturday,

March 10. i

0.

RAILROADS.

Chesapeake it Ohio
Do
Do

*39%

32
12

*31

pref.

pref.
Do
Chicago Kock Island <fc Paeilic
Chicago St. Louis it Pittsburg.

35

East Tennessee Va. &

Evansville & Terre Haute

Louisville & Nashville
Louisville New Albany <t

Chic.
Elevated, consol..

8
48

Memphis <t Charleston
Metropolitan Elevated
Michigan Central
Mil. L. Shore & West’rn, pref..

35

35

44

*

66

pref..

New York Chic, it St. Louis ...
Do
pref.
New York Lack, it Western ...
New York Lake Erie <t West’n

England

17%
90%

4%

*3

3%

*15%

26

1.38

138

Western
pref,

Norfolk it Western

32%

23

23

26%
87%

35

35

25
85
*35

26%
88%
35%

~

8

7%

24%
86 %

“

*7%

4%

'•4 %
*7 %
*47
*3

8

*12
27 lo

17%
90%
*8

42%
89%
4%
13%

88%
13%

*87

88

10%
2%

*2 %

15%
63%
70%
31%
23%
77%
14%

3

25

18%
48 %
1

17%

*21

18%
43 %
*1
*17

10%

Philadelphia it Reading

13%

13%

14 %

*13%
125

Pittsburg Ft. Wayne it Chic.

18

i.26

126

*85

88

3%

12

27%
18%
91%

27%

4%

13%

13%

29

29

64%
72%
31%

13%
16 %
65%
72%
32%

*12%

13%

16

16

64%

64%
71%

78%

78%

78%

78%

42

42

42

42%

41%

*102%
01 “

61

*102%
62%

41%
*102%

62C>

*12
28

13
28

12%

12%

12%

12%

28

28

17%
90%

18%

31%
25

15

15

17%

18%

91
10
*8
121% 121% **120% 122
41
41
41% 41%
90
-8

91
10

89%
*4%

92
4%
6%

*

91%

90%
*4%
*8
88

88

88

13%

14

13%

8%
88%
13%

16

17

17

17

■

17%
90
*8

*40%
89%
*4 %

10%
2%

25
18;5u

24

43%
1%

43 %
1

24%
18%
43%

18
10 %

17%

125

special

Rensselaer it Saratoga

18%

16%
*2%

10%
2%

24

24

1

*18%
42%
1 %

10%

•

10%

18

90%
9%

40%
90%
0

*87%
13%

8%
88%
13%

16%

16%

*10%
......

......

17%
126
126
120
120
1 10
140%

ii
......

43

03%

23%

18%
43%

18%
43

18%
43%

1

1

18
127

142

142

1

T5%

13 %
14%
18%

14%
18 %

......

......

142

142

13%
*1 l

17%

1

17%

14

*1*3% *1*3%

14%

*14

17%

*17%
126

14%
18
126

Alleg., stock trust

*5*i" *53*'

Richmond it Danville

24 %
3 %

Rochester <t Pittsburg
Rome Watertown it Ogdeusb

52 %
25

24%

3%

4

......

*21 !->

23 %

19%

19%

St. Louis & San Francisco

*36
*82

pref..
1st pref

Do
Do

2 4%

3%
*21%
*

pref

Do

"5*1"*

54
26
4

..

38
81

53
25

3%
25

*51% **51%

3,813
100

142% 142 %

390
5

262
100

52 *
25

* *52%
26
3

25
2 -’s

26%

3

0%

22

22

*21%

24%

20%
37%
83%

20%
37%
84 %

51%
24 %
0%

53
25

0%

1,200
4,825
3,525
100

*21

20%
37%

......

1,500
......

500
300

pref

89

Texas it New Orleans
Texas it Pacific

89%

89-

89%

*12% "is" *12*% T:i*‘
47 %

Uijion Pacific
Wabash St. Louis <t Pacilic.
Do

pi

MISCELLANEOUS.
American Tel. it Cable Co...
Bankers’ it Merchants’ Tel
Colorado Coal it Iron

Consolidated Gas Co
Delaware it Hudson Canal

48

*4%
*

*11%

Quicksilvor Mining Co....
Do

pre

Western Union

Telegraph

*12%
47%

*4 %
11 %

5

13%

11%

11%

55

5 4%

55

12 %

86
78

86%

78%

78%

61%
113
*3

*25%
59%

62%
113

6%
32

60%

*132

*91%
51%

*108
Wells, Fargo & Co
INACTIVE STOCKS.
Atchison Topeka it Santa Fe..
Chicago it Alton, pref

135

92
51%
110

61%
113
*3

*25%
59%
*132

91%

13
86 %

79%

62%
114%
6%
32
60

135

92

*50
110

52
110

70

70

Cincinnati Sandusky it Cleve..
Columbus Chic. & Ind. Centr’l

89%

89%

12%
47%
*4 %

13
48%
5

*12
88%
78

13

50

56

56

1%

<

**>

12%

12%

12%

88%
79%

91

94%

94

78%

70%

78%

OS
61 %

6%
32

60%

68%
60%

59%

5l%! *50

109% 110

68%

61%

114
114
*3
6
*25% 32

60%
135
92

*132
132
133
91% 91%
92
51

4

*10

2 !<■>

.

1*108

89%

*89

90

*12% *13** *12% *12%

13

60%
113% 113%
*3
-25%
59 %

89%
%
4%
12%

*9

68

EXPRESS.
Adams
i
American
United States

12%
47
*4%

Oregon Improveinent Co
Pacific Mail
Pullman Palace Car Co....

90

48

12%

'

*89

47%

55
*1 %
13
86%

56

*54

69

47%

47%
4%

5,260
25,523

48 %

4%

4%

12 %

*11%

13

400
200

50
3
12%

*54%

50

176

94%
79%

%
12%

‘*31*6

78%

94
78%

2,736
6,069

30

30

*2

*12%
94

2

69%

*o‘i% *02%
01% 62%
113% 113% *113% 114%
6
*3
6%
*3
y25% 32
60
59
%
59% 60%
*132
91
51

915

135

91%

51
51%
109% 109%
110

*132

91%
50
109

135
91%
51

109%

10

1,330

50,885
187

135

*120

135

58,210

Company

'.

110

1%

1%

1%

1%

1%

*120

135

*20

23

*120

10%

10%

*6
18

7%
18

10%

Pennsylvania Coal
*




These

are

tho

Feb.

135

*120

135

*120

*ioo

135

prices bid and asked; no sale was made at

the Board.

120

10%
*6 %

7%

6

21

10
9
13
1.7
9
11
6
Feb. 20
Feb. 26

6%
7

138

2%
32
12

1%
14
18
70
'

8

10

Feb.
80
Mar.
90
Feb. 251
89 % Jan. 26
13 % Feb. 26
51 % Feb. 10!
5 % Jan.
7l
Jan. 12
14

24

93j

*20

34%
1734

16% 60%119% 135

Feb. 25

30' 39 % Jan.
3j 87 % Jan.

Feb. 261
77% Feb.
79% Jan.
89
Jau.
11% Jan.
45 <6 Jan.
4
Feb.
11
Feb. 20

11%
24%
70
15
65

76%
90%
5%
28
4
9

146%
5
61
32

16%
24
50
96
29
50

96%
32 a4

90
99

93

22%
84%
1934
32

61%
12734

Jau. 27 j 56
Mar. 11
4
Jan.
8
Jan. 10
8
3
Jan.
13% Feb. 2 4
28
83 % Feb.
94% Mar. 12]
66 % Jan. 22j 83
Feb. 25
3! 34 Fel). 20
Jau.
21
Jan. 10:
59% Jan. 29 73
53% Jan. 30 62% Mar. 9
Feb. 25
2 115
107 % Jan.

49
l
7

3Cl 30
5Ti 03'
63% Feb. 10

20
49

78%
>137
il02
61%-

51
3

53% Jan

56 130
368
87%
118 I 48
374 T04%

Wi^rreu Railroad

Consolidation Coal
Homestake Mining Co
New Cent nil Coal
Ontario Silver Mining

18

35% J an.
80% Feb.

Jail.
Mar.
Mar.
Mar.
Jan.
Mar.
Mar.
Mar.

2

67

.

281
13'

17%

;114

834l 65%

GO % 112
31
57%
117
90

334

Virginia Midland
Canton

19

-

.

Danbury it Norwalk
Keokuk it Des Moines
Louisiana it Missouri River...
*120
New York Elevated

15 % Jan. 21

119% Feb. 17 128
120
Mar. 9 120
136 % Jan. 29 112%
2%
1% Feb. 28
44% Jan. 19 54
19
Jan.
26%
4
% Mar.
•19
17
Jan.
25
Jan.
20%

21

St. Paul it Duluth
Do

14% Jan. 2
15 % Feb. 27

11% Jan.
12% Jan.

80

20
37

Jan.

1*. 5*0*6

1,150
-

*

Rich, it

17s4

.

23%

17%

14 %
18
128

*13%

14%
18%

23%
18%

18%
43%
1 %

*1*3% *13% *13% *13% *13%
*13%

Feb.

.

28%

*27

Feb.

.

10%
'2%

3

16
*12
*125
126
*85 % 87

26

4%
8%

*8

8%
88%
13%

3%

78

90

88%
4%

4%
7%

25

41%

*40%

16

8

24
78

•

41%
89%

13%

16

Jan.

!

25

10

*8

12%

Feb.
9 129
5
Jan.
90%
65
4
Feb.
Jan. 17
44%
29% Jan. 31 35
11
10
Feb. 10
7
Feb. 18 13%
31% Jan. 26 41%
26% Jan. 31 36'
6%
5% Jan. 7

124
90
57
37

.

87

71
31
25

18%
90%

90%

85

12%

04% 65%
70% 71%
31 % 32%

12
27%

17%

85
*15

43

13

*10%

—

Evansville..

.

25%

7%

1

Oregon Short Lino
Oregon <t Trans-Continental...

8
49

3%

125% 120%

181

10%

8
*48
*3

7%
49

*

12%
15%
65%
70%
32%
23%
78%
14%

12%

10
122

41%

%

8

13%

*

88
4%
*8

*8

7%

3%

4%

4%

4%
*48
*3

60 %

60 %

*120

17%

Do

86%

Highest.

~

103% 105

48

42
*102

44

41
*102

6%

19

*16

19

4%
7%

3%

77%

77%

10

42%

pref.

Ohio Central
Ohio it Mississippi
Ohio Southern

Peoria Decatur it

6%
12

i 23 % *124%

*17

7%

4%
7%

13%
15%
64%

31%

121

87%
4%

19
125
89

70

*8

18%

Northern Paeilic...
Do

-

86%

197
15% 15%
*124% 126

70

121
42

*24

prof

Do

*5%
*10%
6%

12
7

19

•T7
26

*7%

8

*12%
14%
63%

27%
18%
91%

27

4%
*7%

125
*86

13

*1134

181

it Western.

New York Ontario
New York Susq. it
Do

34

34

6%

Lowest.

500

’*38% *4*6**

40%
34%

For Full
Year 1884.

Since Jan. 1, 1885.

3
Fob. 20
12
Fob.
300
Mar. 12
Mar. 9
44,485
Feb. 25
3,472
100
Feb. 10
9% Jan. 28 12% Feb. 26
8
Jan. 15,
"1*15
5 % Jan. 20
13 128
Mar. 9; 118
2 134
140%
Jan.
127%
9,736 115% Jan. 2; 125 Mar. 11 107
58% 94%
260,699
70% Jan. 21 76% Jan. 12
4,180 102 Jan. 281107% Feb. 19! 95% 119
143,755
84% Jan. 2 97% Feb. 26 j 81% 124
232 119% Jan.
Feb. 26 117 jl49%
21134
2 116% Mar. 12||100% 126%
105
Jan.
4,892
9
Mar. o!
13%
540
6
7% Jan.
19
30
Feb. 27
16% 35
15
Jan.
29
Feb. 25
21% 38%
2,170
23% Mar.
6,545
82% Jan. 2 91% Feb. 25 j 80%, 100
24
600
31
Feb.
Jan. 16 38
| 28
69%
240 134
Jan. 31 138
Mar. 10 125%'141
14% Jan. 9 20 Jau. 27:1 33 I 33
86% 133%
260,015
82% Jan. 22 109% Mar. 9
10
Jan. 15!
655
7
6% 25%
Feb.
82
52
100
65
1*' eb. 12!
55
Jan.
10
3
8%
1,600
4% Mar.
2% Jan.
8
Mar. 3
600
4% 14%
4% Jan.
51
49
30
200
Fel). 13
37% Jan.
100
8%
3%
3
3% Jan. 2
Jan.
200
148 190% Jan.
197
Mar. 10 185
51
20
130
30
Jau. 14
15 % Mar.
140
126% Mar. 11 110
1,000 119% Jan.
86
70
10
84
88% Feb. 17
Jan.
9
20%
500
14% Feb. 24
11% Jan.
900
17
Feb. 21
6% 1934
9% Jan.
59% 10434
125,960
67% Feb. 25
59% Jan.
62
78%
62
72% Mar. 12
Jan.
2,654
27
22% 51%
22
Jan.
33% Feb.
20,070
35
20
10
27
% Feb.
1,080
11% Jan.
64% 79
Jan.
78% Mar. 13
65
3,721
24
10
15
Feb. 14
200
11% Jan.
40
44
23
Mar. 7
12,258 27% Jan.
105
85
90
Jan.
93% Jan. 30
64 % Feb. 24
**575 54 Jan.
51% 94%
44 34
31
32
Feb.
34% Feb. 26
26
13
Feb.
255
7% 18%
10% Jan.
29 % Feb. 20
17
36%
25
Jan.
1,000
9% 23
18% Mar. 3
30,444
14% Jan.
97 % Feb. 10
63% 100%
16,710 90 Mar.
6% 13
9% Feb. 25
7% Jan.
122
Feb. 28 115
127%
357 114% Jan.
58
30
42% Feb. 27
1,440 33 Jan.
83% 122%
95% Feb. 25
182,607
84% Jau.
8
4
5 % Jan.
10%
220
4% Jan.
7% 20
7 % Jan.
9% Feb. 17
94
5
83
940
84 % Jan.
88% Mar.
11 % Feb.
11% 28%
11% Jan. 6
3,680
8'
30
Jan.
20
71%
10
Feb.
20
8
17%
12
Jan.
17% Feb. lo!
1,005
184
20 175
2 181
Mar. 7 175
Jan.
6
7
552
1634
12% Jan.
10 i Mar.
6
10
3
Fob. 28
1%
1% Jan.
18
s
4
L>
20
68
Fel).
4% Jan.
10 ~ 12
42
17
21
Jan.
2.>% Feb. 26
27
14
19 % Feb. 26
15
Jan.
3,215
37% 57%
43% Mar. 12
18,326
36% Jan.
4%
1
1
Mar.
1% Jau. 2
1,837
14 % 25%
200
19
Jan. 14
15% Feb.
16
11
Feb.
113*
200
Jan.
9
16
Jan. 15
8% 24
15
Feb.

1,050

124%
122% 125
72 >-» 73%
73% 75%
74% 75%
105% 106%
106% 107%! 106% 107
94% 96%i 94% 96%; 94% 95%
ll 29
130
129 % 129 %'
115
116
| il5*‘ 116%! 115% 115%
8%
*8%
-1

19

26
86

'

8

11%
13%

38
32%
11%

O

*15%

p

New York it New

7

37
32
*9%

-

33

197

77%

42
*102

Missouri Kansas & Texas
Missouri Pacific
Mobile & Ohio
Morris it Essex
Nashv.Chattanooga & St.Louis
New York Central & Hudson..

Do

85%

12

39%

121

4

48

3%

77%

.

Do

25

85%

35%
0%

108 %

Green Bay Winona & St. Paul.
Harlem
*15% 19
Houston & Texas Central
*124 % 125
Illinois Central
Do
leased line 4 p. ct.
13
13
Indiana Bloomingt’n & West’n
14% 14%
Lake Erie & W estern
62% 63%
Lake Shore
*69 % 71
Long Island
32
31

Minneapolis <t St. Louis

17%

25

■-»

41

34%;
0%'

34 %

04

8

4%

4a8
*7 %
48
*3

pref.

Manhattan
Manhattan Beach Co

39%
34%
*5 %
12
*10%
I
5%! "0%

39%
32%
11%

100
100

90%

63 *•>

'..

Ga

Do

8%
17%

107%
8 ‘

104
8

Grande

Dubuque & Sioux City

19
25
85 %
35

85%

pref.
Cleveland Col. Cin. & Iudiauap.
Cleveland <t Pittsburg, guar...
Columbia & Greenville, pref...
Denver & Kio

"40% *4*1%

34 %l
0

%!

8%

24%

<t Om.

Do

0

*81-2
*17

pref.

Do

11

0
*5%
12% *10
12%! *11
*0
8 !
5%
135
*132
134
131
121% 121%' 121% 121%' 121% 122%
72% 73%i 73% 74 I 73% 74%
107
107 %! 100
100%, *100
TOO
94 % 94% I
94% 95%
93% 94%!
*128
127% 128 | T28
i.15%1 115 ii*5**
1131-2 113%' 114

Chicago <t Northwestern

Chicago St. Paul Minn.

38%
34 %

34 •%'

39%
32%
*9%

32%

32%
*9%

32%
11%
12%
41%

*9%
12%

*38%

34 hi
*5%
*11
*0

Quincy.
St. Paul

Do

40*0

37%

1st pref....
2d pref... .

Chicago & Alton
Chicago Burlington it
Chicago Milwaukee &

*65
39
*32
*9
13
39
34
*5
*11
*6

(Shares).

March 13.

90%
*04

y3L
*9%

Friday,

Wednesday,1 Thursday,
March 11.
March 12.

128

128

*39*4

Sales of Range
the Week

LOWEST PRICES.

AND

Tuesday,

Monday
March

7.

March

Albany Ai Susquehanna
Boston & N Y. Air-Line, pref..
Burlington Ced. Rapids &No..
Canadian Paeilic
Canada Soutliern
Cedar Falls <t Minnesota
Central Iowa
Central of New Jersey
Central Paeitle

MARCH 11, AND SINCE JAN. 1, 1885.

EXCHANGE PRICES FOR WEEK ENDING
HIGHEST

[Vol. XL.

Jan.

2 135

Jan.

Jau.

3! 93

Jan.

Jan.

2' 52% Jan. 10

125
87
45

Jan.

2 110

Jan. 16

98

6%
34

'115

80 34
Jan.
8
62
Mar. 9! 78
152
9 142
Feb.
Jan. 29 151
24
27
Feb.
23%
Feb.
22%
2
1
1% Feb. 5
1% Mar.
50
8
50
Jan.
Jan.
50
50
5
5
Feb. 17
6
2% Feb.
19% 24
22% Mar. 4
22% Mar.
130
130
Jan. 22 115
122
Jan.
21
15
Mar. 3
18
15
Jan.
122%
Jan. 19 121
116
116
Jan.
Feb. 13
40
39% 40
40
Feb.
18
23%
Feb. 27
20
19
Fob.
11
8
10
Jau.
10% Mar. 10
10
5
7
4%!). 25
6
Feb.
29
14
18
Mar. 10
17
Feb.

70
147
22

'

264

264

March

333

CHRONICLE.

THE

14, 1885.]

QUOTATIONS OF STATE AND RAILROAD BONDS. MARCH 13, 1885.
STATE

Bid.

SECURITIES.

87
102
86

Alabama—Class A, 1906.
Class B, 5s, 1906
Class C, 4s, 1906
6s, 10-208,1900
Arkansas—6s, funded
7s, L. Rock A Ft. S. iss.
7s, Memp.AL.RockRR
7s, L. R.P.B. A N.O. RR
7s, Miss. 0.&R.R.RR.
7s, Arkansas Cent. RR.

Georgia—8s, 1886

.

...

„

!

4
16
15
15
15

20

4

10

100*2

......

103 V
112
‘

7s, gold, 1890

Funding act.. 1900

Bid.

N. Carolina—ContinuedNew bonds, J. AJ., ’92-8

18

Bid. 'Ask.

SECURITIES.

Ohio—6s, 1886
6s, Act Mar. 23, 1869 )
non-fuudable, 1888. i
Brown eonsoPn6s, 1893
Tennessee—6s, old,1892-8
6s. new, 1892-8-1900 ...

14

Del. L. A W.—Con Lin’d— :
Morris A Essex—1st, 7s 140
113

Railroad Bonds.
(Stock Exchange Price*.)
Ala. Central -1st, 6s,
A lleg’y Cent.—1st,6s,

|

w

120
*

111

109*2 110
1st, 5s, 1921

j

Buff. N.Y. & P.—Cons.

General, 6s, 1924

...

9*9 **81

I

j

108 V
107
47 *2 49 i
47*2 48 *2

t

SECURITIES.

!|

Ask.

SECURITIES.

1093.

109 7f)

Penn. Rlt.—ContinuedPa. Co.’s Keg., 1921
Pitt.C.A St.L.—1st, c.,7s

9

•1 Mex. Cent.—1st, 7s. 1911 1
1 st M., 7s, ex-op., 0.7A8

<

98-’4

*<

-

.

......

-

•

,

]T6*a
]30

110

Bid.

i

2d, 6s, 1899

-

|1*25

,

-

j 103

—

7 2 *v |

72

"

98**|!

.

......

......

.....

....

I

-

..

.....

'

******

.

♦No




j

!

140

7s
Reus. A Sar —1st, cp.,7s
1st, reg., 7s, 1921
Deuv.ARio Or- 1st, 1900

|

■

,

Ask.

Bid.

97

H7

1st, reg., 7 s

2d, 7s,19l3

140

138

Pitts. Ft.W.A Chic.—1st

133*2

2d, 7s, 1912
3d. Ts. 1912
Clev.A Pitts.—Cous.s.fd.

4th.s.f(l.,6s,1892

*128
124 *4
109
,,

H.—1st,g.,7s,’"116
1898.
I

St. L. V. A T.

2d, 7s,

2d, guar., 7s, 1898
60
Pitta. B.A B.—1st, 6s, 1911
Pitts. Cleve. ATol.—1st.6*| 108 *2 111
Pitts. J • n<\—1st, 6s, 1922!
Rome W.A Og.—1st,7s,’9!! i*09*‘
78
79
Con., 1st, ext., 5s. 1922.
107 34
Roch.A Pitt.—1st. 6s, 1921
89
90 34
Consol.. 1st, 6s. 1922
57 34 59*2
Rich.

113*2
S’thw.Ext.—1st,7s,1910!
Pac. Ext.—1st, os, 1921. i (M
09 *u
71
140
Mo. K.A T.—Gen’1,08,1920
54 E
9*4 I General, 5s, 1920
97 *
88
AAlleg.—1st,7S.1920
P.?14
!
lUo
48
*58
lU4,J<j
Rich.A Danv.—Cons..g.,6s
j Cons. 7s, 1904-5-6
1st, consol., 7s, 1910
I 8*1*2
Debenture 6s, 1927
Cons. 2d, income, 19il..
141. Div.—1st. Os, 1912..
iDeu.So.Pk.A Pac.—1st, 7s
!
•1
Atl.A Ch.—lst,pf.,7s, ’97
H. A Cent. Mo.—1st, ’90 103
Char. Col. & Aug.—1st, 7
I Den. A RioG.West.—1st,6s 40*2
100
45
50
Mobile
A
Ohio—New
6s..
Incomes, 1900
Chesapeake A Ohio—
1 Dot. Mack. A Marq.—1st, 6s
92 *2
Scioto Val.—1st. cons., 7s.
Collater’l trust, 6s, 1892
Pur. money fund, 1898. *109
Land grant, 3 *2S, S.A...
i
"1*1*6**
107*2
1st,
6s,
E.T.
Va.
A
G.-l
Extension,
1927
s.l9001
st,
7
6s, gold, series A, 1908 .
1*0*7
48
j 1st, cons., 5s, 1930
77°8 *78
2d. 7s. 1897
Morgan’s La.A T.—1st, 6s
6s, gold, senes B, 1908
no
25
26
91
Arkansas Br’cli—1st, 7s
Divisional 5a, 19301
1st, 7s, 1918
6s, currency, 1918
119
121
92
Cairo A Fulton—1st, 7s
Nash.Chat. A St.L.—1st,7s
Eliz.C.AN.—S.f.,deb.,c.,6s
Mortgage 6s, 1911
*118*2 120
Cairo Ark. A T.—1st, 7s
2d. 6s, 1901
CheB.O.AS.W.—M. 5-6s
1st, 6s, 1920
*195
**88*4
118*2
*8*9*4
N.
Y.
Eliz.Lex.A
Central—68,1887...
Gen’lr’y A1. gr.. 5s. 1931
Big Sandy—6s
Chicago A Alton—1st, 7
*105
It.L.Alton A T.H.—lst,7s
Deb. certs., ext’il 5s
Sinking fund, 6s, 1903..
Erie—1st, extended, 7s... 124
131
107*8
N.Y. C.A H.—1st, cp., 7s
2d, prof., 7s, 1894
La. A Mo. Riv.—1st, 7s. i*2*i*
2d, extended, 5s, 1919
135
104
1 st
1 903
2d, income, 7s, 1894
2d, 7s, 1900
3d, extended, 4*29, 1923
102*2
*107
102*4
118*2
Bel lev. A So. Ill.—1st, 8s
Deb. 5s, 190 t
4th, extended, 5s, 1920.
*
103
1*2 i
10234
107*2
11034
j
Hud.
Riv.—7s,2d, s.f., ’85
5th, 7s, 1888
135
120
113*8
114
Harlem-1st,
7s,
2d, 6s, 1909
coup...
2d, (360), 7s. 1898.
1st, cons., gold, 7s, 1920
134
Dakota Ext.—6s, 1910..
1st, 7s, reg., 1900
1st, cons., fd. coup., 7s.. '112*2
N.Y. Elev’d—1st, 7s, 1906 119*2 120
1st, consol.. Gs, 1933
Reorg., 1st lien, 6s, 1908
1st. cons., 6s, reg., 1933.
N.Y.P.A O.—Pr.l’n, 6s, ’95
Chic.Burl.A Quincj—
Long Dookb’mls, 7s, ’93 *ii*6’4
37
*128
133
133*2
Min’s Un- 1st, 6s, 1922
Consol. 7s, 1903
N.Y.C.A N.—Gen., 6s, 1910
Buff.N.Y.A E.—lst,1916
35
30
s
*57
it.
P. A Dul.—1st, os, 1931
Trust Co. receipts
N.Y.L.E.AW.-New2d6
5s, sinking fund, 1901..
*
*99^
99*4
£
Car. R’y—1st, 6s, 1920
N.Y.
A.
N.
io.
Collat’l trust,6s, 1922.
Engl’d—1st, 7s
58, debentures. 1913—
108
Buff. A S. W.—M.,6s, 1908 *60
1st, 6s, 1905
2d, 6s, 1931
86
87*2 j- ihenand’hV.—1 at,7s,1909
95
Ev. A T. H.—1st, cons., 6s 103
N.Y.C.ASt.L.-lst,6s,1921
Sinking fund, 4s, 1919
*50
94
94 34
General, 6s, 1921
Denver uiv.—4s, 1922..
2d, 6s, 1923
Mt.Vern’n—1st, 6s, 1923
36
90
t] ’ex.Ceu.—1st,s.f.. 7s, 1909
! Fargo A So.—1st, 6s, 1924
Plain 4 s, 1921
j N.Y.W.Sh.A Buff.—Cp.,5s
3.29
130
!
116
*2
*2
1st mort., 7s, 1911
C.R.I.A P—6s,cp., 1917.
Fl’tA P.Marq.—M.6s,1920
129 *2
9934 ! N.Y.Susq.AW—1st, 6s..t *53*4
1
Gal. Har.A S.Ant.—1st, 6s
6s, reg., 1917
106*2
Ext. it
ol., 5s, 1934
1st, Dayt. Div., 6s, 1910
2d, 7s, 1905
*81*2 1st, Ter’l trust, 6s, 1910
914
Midland of N.J.—1st, 69 *80
Keok. A Des M.—1st, 5s 105
West. Die.—1st, 5s
r
110
106*2
lu9
’ex.A N. O.—1st, 7s, 1905
N.Y.N.H.AH.—1st, rg.,4s
Central of N. J.—1st, ’901
2d, 6s. 1931
*65
io"5
*60
Sabine Div.—lst,6s, 1912
Nevada Central—1st, 6s..
lstcons.assented, 1899 t 103
Gr’nBayW.ASt.P.—1st,6s
104
105
10o7fl
**
102*2
A
N. Pac.—G. l.gr., 1st, cp.,6s
Gulf Col. A S. Fo—7s, 1909
Conv., assented, 7 s, 1902
lOo *2! \
!
107
105*4
108
Registered, 6s, 1921
Adjustment, 7s, 1903...
2d, 6s. 1923
1
60
75
i*i*5*’ 115*a N.O. Pac.—lst,6s,g.,1920t 60*4
Chic. Div.—5s, 1910
Conv. debent. 6s, 1908..
an. A St. J.—Cou.6s,1911
95 *2
Hav. Div.—6s, 1910
Norf.AW.—Gen’l, 0s, 1931
Leh.AW.B.—Con.g’d.as. ! 9 i 3j 98*2 Houston A Texas Cent—
*90
!
80
1
82 4 85
Tol.P.AW.—1st, 7s, 1017
New River—1st, 0s, 1932
Am.D’kA Imp.—5s, 1921
1st, M. L., 7s. 189It
! 128
71
j
Iowa Div.—6s, 1921...
! OliioA Miss.—Consol, s.fd.
Ch.M.ASt. P.— Lst,8s.P.D.
1st, Western Div.. 7s t..
119
72
|
Consolidated 7s, 1898...
Ind’polis Div.—6s, 1921
2d, 7 3-10, P.D., 1898... 1 118
1st, Waco A No., 7s|
110
108
128
63*2
j
Detroit Div.—6s, 1921
2d consolidated 7s, 1911
i
1st, 7s,$g.. R.D., 1902.
2d, consol., main line,8s
I
100 j
117
1
Cairo
Div.—5s, 1931
2d,
Ss.1915
1st,
Springfield
Div.,
7a
Waco A No.,
1st, LaC. Div., 7s, 1893.
62*4
"o’6‘*
Wabash—Mort. 7s, 1909
Ohio Central—1st, 6s,1920
1st, I. A M., 7s, 1897 ... 119*2 122*2’
General, 6s, 1921..
i
Tol. A W.—1st, ext., 7s
Houst.E.AW.Tex.—1st,7s
1st, Term’lTr., 6s, 1920
1st, I. A I)., 7s, 1899....
129
1st, St. L. Div., 7s, ’89
1st, Min’l Div., 6s. 1921
1st, C. A M., 78, 1903... 126
2d, 6s, 1913
89
90
j
120
1*2*6**
12034
2d, ext.. 7s, 1893
Ohio So.—1st, 08,1921
Consol. 7s, 1905
Ill. Ceu.—Spd.Div. — Cp.6s
121
103*2
Middle
Equipm’t bds, 7s, ’83.
Oreg’nA Cal.—1st,6s,1921
Div.—Reg., 5s...
1-t, 7s, I. AD. Ext., 1908
73
74
Consol, conv., 7s, 1907
i Or.ATransc’l—6s,’82-1922
C.St.L.A N.O.—Ten.1.,7s 118*2
1st, S.W. Div., 6s, 1909. I Hiving
s*2
b
1
:
'97
98
1
Gt.West’n—1st, 7s, ’8o
Oregon Imp. Co.—1st, 6s.
1st, consol., 7s, 1897 .. 121*2
!
110 *2 in
i *110*4
2d, 7s, 1893
Oreg’n RR.A Nav.—1st,6s
2d, 6s, 1907
If>2
120
1
119
16*6**,
Q,.A Tol.—1st, 7s. 1890
Debentures, Is, 1884...
1st, H. A D., 7s, 1910...
Gold, 5s, 1951
*
101
113
A Naples—1st, 7s
!
Han.
114*4!
115
Dub. A S.C.—2d Div., 7s
Panama—S.f., sub.6s,1910
Chic.A Pac.Div.,6s,1910
94 *2
110
95 V
Ill. A So.Ia.—1st,ex.,6s
Peoria Dec. A Ev.—1st, 0s 101
Ced. F. A Minn.—1st, 7s
92
94
St. L. F\.C. AN.—R.e.,7 s
95*4
Evans. Div.—1 st,6s,l 920
j Ind. Bl. AW.—1st pref.,7si 74 *7*6*4
*95
Omaha Div.—1st, 7s
Peoria A Pek.U’n—1st, 0s 101
C.A L.Sup.I)iv.,5s, 1921
1st, 5-6s, 1909
>
00
94 :*8 94 78
Clar’da Br.—6s, 1919
! Pacific Railroads—
Wis.A Min. Div..5s, 1921
2d, 5-6s, 1909
|
112
lll3l
90
92
76
St.Chas.Bge.—1st, 6s
Terminal 5s, 1914
{ Eastern Div., 6s, 1921..! 75
j Ceutral Pac.—G., 6s
108*2
No. Missouri—1st, 7s.
San Joaquin Br.—6s..
Chic. A Northwest—
il Indianap.D.A’Spr.—1st,7s 85 ***:::
99
99*2
\
*102*2
Cal.
A
Sink, fund, 7s, 1885
Oregon—1st, 6s
2d, 5s, 1911
1
99 *2
1*37 | Int.AGt.No.—1st, 6s, gold. 105*2! 100
Cal. A Or.—Ser. M, 6s.
1900, reg
Consol, bonds, 7s, 1915.
....
■>
70
68
7s, 1904
Laud
Extension bonds, 7s, ’85 *102 *2
grant
bonds, 6s. 1UZ:’b 104
Coupon, 6s, 1909
.VJ
109
>
108
*2
102
103
West. Pac.—Bonds, 6s
I\ ent’ky Cent.—M.6s, 1911
1st, 7s. 1885
103
130
No. R wav (Cal.)—1st, 6s
Coupon, gold, 7s, 1902.. 129
stamped, 4 p. c., 1911 ..
97 34 985«
130
INCOME BONDS.
So. Pac. of Cal.
1st,6s
Lake Shore—
Regist’d, gold, 7s, 1902.
113
So.
Pac.of Ariz’a—1st, 6s
M. S. A N. I.,s. f. 7s....
Sinking fund, 6s, 1929..
93*4
So.Pac.of N.Mox.-lst,6s
Sink, fund, 6s, 1929, reg "111*2
Cleve. A Tol.—Sink’g fd.
113
113*2 (
107
Uniou Pacific—1st, 6s
New bonds. 7s, 1886..
Sinking fund, 5s, 1929.. 100
Laud grants, 7s, ’87-89 10834 1*'9 J2: f !hic. A E. Ill.—Inc.., 1907
Sink, fund, 5s, 1929, reg *106
Cleve. P. A Ash.—7s—
120
118
}• l.T.V.AGa.—Inc.,6s,1931
|
97*8 *97 •'a
Buff. A Erie—New bds
Sinking funds, 8s, ’93. ft
Sink’g fd. dob., 5s, 1933
118
(. Ir.Bay W.A St.P.—2d,inc.
96*4 96*2
25 years deb. 5s, 1909..
Kal. A W. Pigeon—1st.
Reg 8s, 1893
1 nd. Bl. A W.—Inc., 1919
113
Collateral Trust, 0s...
Det.M.A T.—1st,7s,1906
Escanaba A L.S.—1st,6s
j
do
Consol., inc., 6s, 1921...
5s, 1907
Des M.A Min’ap.—1st,7s
Lake Shore—Div. bonds
111
*s l
i 28
Kans.Pac.—1st, 6s, ’95 llUV
Iowa Midland—1st, 8s..
Consol., coup.. 1st. 7s.
110*2 I
1st, 6s, 1896
Peninsula—1st, conv. 7s *127
Consol., reg., 1st, 7s... 127V128
126
115
I)env.Div.6s,as’d, ’99 109*4 110*2' I
Chic. A Milw’kee—1st,7s 123
Consol., coup., 2d, 7s.. 115
92 V
92*2
Sand’ky Div.—Inc.,1920
Win.A St.P.—1st, 7s, ’87
1st, consol., 6s, 1919
Consol., reg.. 2d, 7s
1
*127 '
C.Br.U.P.—F.c.,7s, ’95 106
2d, 7s, 1907
Long Isl. RR.—1st. 7s, ’98 120
91
93
A
106
AtC.A
P.—1st,6s,
Mil. A Mad.—1st,6s, 1905
1905
1st, consol., 5s. 1931
90
5
At J. Co.A W.—1st, 6s
Ott. C.F.A St.P.—I St..'s ioi *4 10l“*2 Louis. West.—1st, 6s
85
85 *2
2d, pref., debentures—
Louisv. A N.—Consol.,7s. 118
C.C.C. AI nd’s—lst,7s,s.fd. 121**
Oreg. Short L.—1st, 6s
95*2
101
123
99
3d, pref., debentures—
Ut. So.—Gen., 7s, 1909
Consol. 7s, 1914
Cecilian Br’cli—7s, 1907
92
4tli, pref., debentures
80 >2
Exten., 1st, 78, 1909
Consol, sink, fd., 7s, 1914
AMob.-lst.6s,1930
95
97
*
99*
67
Mo.
1*00*4
Pac.—1st, cons., 6s.
General consol., 6s, 1934
2d. 6s, 1930
r
'105*2
3d 7s 1906
Chic.St.P.Min.A Om.—
E.H.AN—lsl, 6s, 1919 106
104 7<j 105
Min’l Div.—Inc.,7s, 1921
91
90
Pac. of Mo.—1st, 6s...
111*4 112
Cons"l. 6s, 1930
General, 6s, 1930
109
1
C >hio So.—2d inc., 6s, 1921
Pensacola Div.—6s,1920
2d, 7s. 1891
C.St.PAM.—1st,6s, 1918 122
F'eoriaD.AEv.—Inc., 192i
St.L.A S.F.—2d, 6s, Cl.A 102*2 104
St. L. Div.—1st, 6s, 1921 *96*
No. Wis.—1st. 6s, 1930.
Evansv.Dlv.—Inc., 192<
3-68, Class C, 1906 — 1007fl, 101
St.P.A S.C.—lst.6s.1919 121” 1*2*3**
2d, 3s, 1980
101*2
Loch. A Pittsb.—luc.,192
3-6s
Class
B, 1906
Nashv. A Dec.—1st, 7s.
Ghic.A E.I11.—lst,s.f.,cur. 108*2 109*2
Lome W. A Og.—Inc., 7s
90
S.A N.Ala.—S.f.,6s, 1910
1st, 6s, Pierce C. A O.
Consol. 1st, 6s, 1934 —
S o.Car.Ry.—Inc., 6s, 193
Equipment, 7s, 1895.. *105
Louisv. C.A L.—6s, 1931
Chic.St.L.A P.—lst,con.5s *76*
*94
fc
*83*
Gen’l mort., 6s. 1931..
Trust bonds, 6s, 1922...
Chic. A Atl.—1st, 6s, 1920
104*2
So. Pac. of Mo.—1st,6s 104
10-40 Abbot. 6f», 1924
2d, 6s, 1923
107
FREE LTST.
Tex. A Pac.—1 st, 6s, 1905
L. Erie A W—1st 6s, 1919
Chio.AW.Ind.—1st, s.f., 6s 1*0*3*^
in.ASp.—1st M.C.C.CA)
Gen’l raort., 6s, 1932— 103*2 105*2
Sandusky Div.—Os, 1919
38
35
1st M..gu.L.S.AM.S.,7f
...»
Income A Id. gr., reg..
Laf.Bl.A M.—1st, 6s, 1919
06
57
C onsol. Coal —Conv. es.’9<
72
80
95
100
Rio G.,09,Aug.cp. on..
Louisv.N.Alb.AC.—1st,68
2d, 6s, 1926
51
52*2 [C ol.C.A Ir.Co.—1 st.coc.6g
do ex Aug.coup.
71
74
General mort., 6a, 1914.
Col H-Val. A Tol.—1st, f»«
*
52
*50
II losM.& Ft. D.—1st, 6s
Gen. mort. A 'Per. 6s.
120
Lou. N. O. A Tex.—1st, 5s
88*2 * 89**2
Del. L.A \V —7s. conv., ’92
I ’..W.A Den. C.—1st. 0s..
130**2
Manhat B’ch Co.—7s,l 909
Pennsylvania RR.—
Mortgage 7s, 1907
’100
T
N.Y. AM. B’h—lst.7s.’97
Pa.Co.’sguar.l *^s,l step
Syr. Bing.A N.Y.—1st,7s 127 \ 130
98*2

Can. So.—1st, int. guar
2d, 5s, 1913...

114

113

3-65s, 1924
Registered
Fundin'? 5s, 1899

IIONDS.

i 1 Metropol it’11 El.—1st,1908!

142

7ia

District of Columbia—

128 *2
7s of 1871,1901
1 Micli.Cent.—Con s.7s, 190‘. "127
;
!
100 V
Consol. 5s, 1902
1st, consol., guar., 7s.. j 124’a i 125 |
N.Y. Lack.A W'.—1st, 0si 121
•! 6s, 1909
j *00
95 *2
Coupon, 5s, 1931
Construction, 5s, 1923;
.....
; 99
Del. A Hud. Canal—1st, 7s 113
j*
*1
Registered,
os,
1931...
!
1st. ext., 7s, 1891
I
Jack.Lan.ASag.—6.s,’91 .1
i 113 |
90
I
119
! ;Milw. A No.—1st, 6s, 19101
Coupon, 7s, 1894
i
Registered, 7s, 1891
1
1st, 6s, 1884-1013
---- -j
104
1 Mil. L.S.A W.—1 St.03,1921
1st,.Pa.Div., cp.,7s, 1917!
-i
Mich, uiv.,- 1st. Os, 1921
121
i |Min'11. A St.L.—1st,7s,1927
-1
Iowa Ext.—1st, 7s, 1900 1 i 10
i
loo
-!
2d. 7s. 1891.

||ij

Prk. Hr.

Conso’:.. 1st, 5s,

N.O

2d, 7s, 1891
Ponds, 78, 1900

Atl. A Pac.—1st, 6s, 1
Balt A O.—1st, 6s,

v!

Ask.

3*4

48*9
55ia

55
38
38
72
42
50
6 'a

6s, new, 1866
6s, consol, bonds
6s, ex-matured coupon.
6s, consol., 2d series
6 s, deferred

South Carolina—

Bid.

SECURITIES.

—

88
114
111
105 *2

6s, 1919

47*2

6s, new series, 1914
C’mp’mtse.3-4-5-68,1912
Virginia—6s, old

*8634

Consol. 4s, 1910

RAILROAD

Ask.

Bid.

SECURITIES.
Tennessee—Continued—

Wil.C.&Ru.R.

Do

Ask.

4*4

Special tax. all classes..

......

108
110
113
117
107
113
115
11730
10

Asyl’in or Univ.. due’92
Funding, 1894-95
Hannibal A St. Jo., ’86.
New York—6s, rag., 1887
6s, loan, 1891
68, loan, 1892
6s, loan, 1893
N. Carolina—6s, old, J. A J.

8

67

102*2

Missouri—6s, 1886
6s, due 1889 or 1890....

„

77

75
65

Ex-matured coupon—

„

106

i

7s. 1886

i Louisiana—7s, 'ons.,1914

89
.

SECURITIES.

Ask.

Bid.

SECURITIES.

Ask.;

BONDS.

.

100'*41101 *4
67
110

-

69

75

......

......

111V11234
106

.......

108*4 109
10634

......

.....«

..

:

i

105

105*a
72*2

*112
107
97
no

113*2
......

-

.

.

.

^

113*2

107*2
-•••••

ib*8**
103

104*2

......

i*0*6

82

......

40

K

*5*0
50

......

*

80

81
60

K-

77 7r

794

1

|

*8*6*

*79

70

60*

..

—...

9

....

......

■

.

....

..

*71

10858
100

93*2
35
75

80

106*8

'

94

102 s4
90

99*2

71
80

75

112*4 114
113
113

70

16*2
*65
'93

I6S4
100

.

.

,

1338
8*2

*2*6“
20

*50
...

»

.

...

.

...

13*2
15

50
*25

-

75
25
23
30
80
30
29

......

*‘*4"

4*a
24 *«

*25
...•••

5*2*2
36
30
25

..

prices Friday; thes.* are latest quotations made this week.

t Coupons off.

115
114
102*- 105
68
113

*5*i

-

...

64*4
*67

70

THE CHRONICLE!

334
EARNINGS

RAILROAD

and the totals from Jan. 1 to
The statement includes the gross

The latest railroad earnings
are

Latest Earnings

Reported.

Jan. 1 to Latest Late.

jRoads.
Wee/cor Mo

1884.

1885.

98,450
9,447

Bur.Ced.R.&No. 4th wk Feb
Canadian Pacific 1st wk Mch

106.000

.

Central Iowa
Central Pacific.. February
...

25,786
l,397.00<i
232.031

.

Cheeap. & Ohio. February

89,276
6,986
59,659
54,000
21.155
1,402,571

71,475

4th wkFeb
.

$

$

$

Ala.Gt.Southern February
Boat. H. T. & W. 1st wk Mcli

266.072

177,559

426,256

415,827
553,284
209,114

62,788

2,852,356

3,044,000
524,941
102,641
223,660

546,693
93,337
185,119
1,401,745

45,949
Eliz.L^x.&B.S. February
47,000
80,425
Ches. O.&S.W-. February
108,142
161,819 1,318,179
168,397
Chicago «fc Alton 1st wkMch
1,992,484 1,648,220 1,992,484 1,648.220
Chic. Burl. & Q. January
268,582
260,241
27,350
36,224
Chic.& East. Ill. 1st wk Mch
430,000
346,435 3,294,000 3.130,594
Chic. Mil. &St.P. 1st wkMch
372,876 3,266,564 3,379.394
Chic. & Northw. 1st wk Mch
426,161
764,606
730,400
82.300
89.500
Ch.St.P.Min.&O. 1st wkMch
137,669
213,674
32,353
21,053
Chic. & W. Mich. 4tli wkFeb
371.940
293,004
50.425
30,672
Cin.Ind.St.L.&C. itli wk Feb
342,943
397,745
160,134
196,098
Cin.N.O.&T. P. February
212,345
274,767
22,221
36,844
dn.Wash.&Balt 3d wk Feb.
61.404
63.791
9,138
9,888
Clev. Abr< >n & Col 4th wk Feb
272,343
256,003
256.093
272,343
CIev.Col.C.& Ind January
23,193
20.168
23,193
20,168
Connotton Val.. January
12.196
14,161
12,190
14,161
Banbury & Nor. January
822,461
895,716
108.795
91,204
Denver & Rio Gr. J st wk Mch
121,6 0
Benv. & R. G. W. February
58,985
59,205
61,032
'*5,506
8,096
Bes Mo. & Ft. D. 1st wkMch
153,235
207,838
18,314
22.273
Det.Lans’g&No 1st wk Mch
157,920
129,654
18,180
19,600
Dub.&SiouxCity 1st wkMch
*297,326
317,988
317,988
*287,326
E.Tenn.Va.&Ga. January
93,011
100,141
10,622
10,748
Evansv. & T. H. 4th wk Feb
274,114
378,267
55,4 60
40.910
Flint & P. Marn. 4tli wk Feb
177,430
181,638
20.767
18.793
Flor.R’way <fc N. 4th wk Feb
47,053
53,548
24.335
27,014
Ft.Worth & Den. February
Wk.Feb.28
299,451 2,405,990 2,701,420
272,808
Grand Trunk.
*

.

.

..

.

..

..

..

.

..

6,301
92,332

4th wk Feb
Gulf Col.&SanFe January
HI.Cent. (III.)... 1st wkMch
Do
(Iowa) 1st wkMch

Gr.BayW.&8t.P.

..

233,500
36,017
190,713

Ind.Blobm.&W. February
K.C. Ft.8.& Gulf 3d wk Feb.
Kan. C. Sp. & M. 3d wk Feb.
.

Kentucky Cent’l February

.

Lake Erie & W.. February
1st wk Mch
Long Island
Louisv.A Nashv. lstwk Mch
Mar.Hough.& O. 4th wk Feb
Mexican Cent... let wk Mch
Mex.N., all lines January..
Milwaukee & No 1st wkMch
Mil. L.Sh.&West. 1st wkMch
Minn. & 8t. Louis January .
.

6,940
138,414
204,430

34.136
212,832

S.O.& Northeast

36,229

367,514

11,787

269,647

119.886

54,5271

52,732

113,710

104,530

88,331
46,295

77.808

39,613
264,500
6,938

334,264

2,548,309

30,582

679.730

51,662
132,592
9,170

19,985

230.420

128,330
70,665
474,959
96,149

Ohio & Miss

.

Pennsylvania... January

..

Peoria Deo.&Ev. 4th wk Feb

PhUa. <fe Erie
Phlia.A Read’gft
Do
C. & Iron
Biohm’d&Danv
Ch. Col.<fe Aug.
Colnmbia&Gr.
Georgia Pao..
Va. Midland..
..

West. No. Car.

Booh. & Pittsb’g
Rome Wat.& Og.

8t.L.Alton&T.H.
Do

(brchs.)

1,123,144

320,101
28,122

177,563
302,417
88,649

3,277,522 3,574,233

3,277,522

302,417
43,540

January...
February

Ohio Southern.

_

404,216

..

.

16,958

120.180
222,017

18,336

222.017
216,200
January
January... 1,846,366 2,195.800
844.789
979,020
January
309,890 333,755
February
82,931
81,093
February
70.311
71,928
February
52,694
50,252
February
109,59*
97,905
February
35,083
33,016
February
18.273
25,528
lstwk Mch
81,04<‘
114,395
Jauuary...
39,669
4tli wk Feb
21,930
21,717
4th wk Feb
28,440
..

1,846,366
814,7*9
635,543

..

.

161,5s7
142.654

.
.

113,222

.

203,909
67,927

.

.

177,: 62

1,272,331
433,645
243,046
121,369
64,055
484,946
127,729
409,846

1,134.188
179,429
320,401
65,o95
3,574,233
121,324
216.200
2.195.800
979,020

600,644
148.307
128,574
96,304
216,705
64,295
158.960

188,412

81.040
2 46.600

131,093

132,403

114.395

72.049

75.688

739,746
143,156
856,435
118,845
110,150

1,674,949
85,069

1,531,694

..
.

78.473

87,607
29,928
2,536,397
69,300
222,515

.

.

.

..

..

78,865
165,810
126,602

699,459
159,550
858,373
319,612
147,239
39,700

36.152
10.647
St. L. Ft. 8. & W. 4th wk Feb
89,946
SfcL.&San Fran lstwk Mch
80,863
16,711
15,252
St,Paul* Dul’th lstwk Mch
407,128
392,248
BkP.Min.& Man February
118.845
South Carolina January...
119,612
8.495
Tex.& St. Louis. 4tli wk Feb
14,390
15.650
13,822
Tol. A, A.&N.M February
January
1,674,949 1,531,694
75 2s3
85,069
January
tah Central.
44,284
36,193
Vlcksb’rg&Mer. February
17,445
25,995
Vioksb.Sh.&Pac. February
Wab. 8t. L. & P. February
1,104.048 1,295,314
69.300
70,120
West Jersey.... January
32,115
35,873
Wisconsin Cent’l 4tli wk Feb

Snion Paoiflo...

340.511
186,992
74.893

389,660

..

gShenandoahV

365,455
117,699

..

39,683
431.960

128,323
86,678
165,770
130,076

1,050,474

..

313.306
2,319.338
132.592

184,986

..

g.Y.Susq.&West

1,844.701
297,291

52,941
40.320

126,602
161,283
Mobile & Ohio.. February
186,992
Nash. Ch.&St.L. January...
39.155
February
,Y.L.Erie&W.o January... 1,050,474 1,272,331
N. Y. Pa. & O. January
389,660 433.645
230,420
243,046
N.Y. & New Enc January
121,369
128,330
N. Y.Ont. & W. January
64,055
January
70,665
46,569
orfolk & West. lstwk Mch
47,633
13,095
11,728
1st wkMch
409,846
404,216
orthem Centr’l January
569.562
520,085
orthern Pacific February
8,882
Ohio Central.... lstwk Mch
17,810
.

54,558

138,414

411,517
304,233

294,945
7,479
80.500
128,323
9,958
20,415
130,076
163,774
184,986
62,980

.

40,531
92,3^2
1,959,600
241,117
388,749

.

.

55,896
2,413,612

..

70.120

199,850

29,582
75,283

York Penn. & Ohio road.
b Not including Central New Jersey in either year prior to June 1.
Not including the first six days of January, preceding time when
«

Not including earnings of New

*

receiver took possession.

Coins.—The following are

quotations in gold for various

coins:
Sovereigns

$4 84

Napoleons

3 85

XX Reichmarks. 4 74

®$4 87
tb 3 90

3 96

® 4 78
-a 4 00

Bpan’h Doubloons.15 60
Mex, Doubloons.. 15 55

®15 75
-a 15 65

X Guilders

F ne silver bars
Fine gold bars
Dimes & 4 dimes.




..

Silver J*s and 4s.
Five francs
Mexican dollars..
Do uneommerc’l.
Peruvian soles....

English silver

....

1 069a® 1 074 U. 6. trade dollars
par ® 4 prem U. 8. silver dollars
— 99V®
par

—
—
—

994®
92 ®
833*®

par.
—
—

94
85

—

fc34®

—

—

—

76 4 ®

—

—

4 78
—

....

4.275.600

® 4 84

84®—-—
994® par.

Tradesmen’s
Fulton

Chemical
Merchants’ Exch.
Gallatin National..
Butchers’ & Drov..
Mechanics’ & Tr..
Greenwich
Leather Manuf’rs.
Seventh Ward....
State of N. Y
Americ’n Exch’ge.

679.100
106.100
522.200

3,359,300

794.100
377,000

178.100

377,000
630.200
370,000

7,042,500
7.371.500

623.100

1,580,400

1,334,100
1.282.400

32,000

158,000

1,695,000

242.800
6,696,700
2,101,000
591,000
1.340.500
4,642,200
2.238.500
237.500

185.100
1,386.000

990,000
17,112,500
8,268,000

497.100
239.500

154.500

582.000
510.000
288.900

135,000
188,000

1.741.500
1.882.500

195.200
104.600
794,000

1,005,800

1.148.400
2.981.500

594.000

2.335.300

The following are

L. Tenders.

’

*2*600
501.500

44,100
771.400
900,000

834.400

4*23*6*0*0
45,000
5,400

306*6*0*6
288,000

263,600
436,200

433,6*0*6
153,500

975,900

1.200.300
3.812.200

989,900

45,000

221,*500
180,000
297,000
41,000
45,000

445,400

178**1*0*6
225,000,
180,000

45*666
180,000
43,600
177,700

135,000

Circulation Agg.
$

$

Clear’gs

$

302,384,400

Specie.

Loans.

1885.

“
28
Mar. 7

Deposits.

$

$

4,276,300
4,807,500
5,171,100

7,679,000
8,025,700
8,063,900

141,427,700
141,515,200

totals of the Boston banks:

L, Tenders.

$

$
F’l).21 142,840,000

91.869.800 22,871,600
95,228,700 22,788,700
95.275.800 22,549,300

follows:

1885.

Lawful Money.

Loans.

$

*

73,002,922
72,742,637
73,389,609

21
28

7

Circulation Agg.
$

Philadelphia Banks.—The totals of the
are as

*

293.400

466,053,626
298,231,500 101616000 36,139,600 352,171,000 10,977,300 423.037,387
298,590,600 101604400 35,123,200 350,667.800 10,907,900
103789700 32,027,000 353,726,400 11,080,500 512,245,391

Boston Banks.—Following are the

“

3,012,000
1.858.600

Deposits.

$

$

$

Mar.

81**500

totals for several weeks past:

Specie.

Loans.

1885.

Feb.

2.192,000

196,000
100,000
212.800
113.500
188.900
291,000

656,000
346.900

2.781.700
1.491,000

420.800
168.300
233.100
150.300

5,628,800
1.276.700
2,043,500
2.407.100
2,63 ,800
4.185.200
3,014.800

360,000
411.700

869.600

2,650,000

„

2,939.000
5.438.700
20,170,600
1.535.400

398.900

1,100

248,500

1.910.100

23.930,000
23,632,400

1,533,100

352*000

302,384,400 103789700 32,027,000 353.726,400 11,086,500

Total

28
Mar. 7

117.200
649,000

653,000

1.964.100
1.847.500
2,838,000
2.581.200

Germania
United States
Lincoln
Garfield
Fifth National....
B’k of the Metrop..

598.800
416.300
172,201)

430.500
425,400

1.108.500

German-Americ’n.

509.700

1,000,700

4,162,000

585,000
183.500

930,200
2,095,500
1.109.200
3.998.900
14,137,000
17,539*600
4,088,400
7.174.700
2.800.600
6.179.600
4.222.500
1,653,000
3.581.700
9.207.300
3,000,500
3.210.800
2.881.400
2.601.800
.1,927,200
3,501,000
4.339.100
5.630.100

353,400
828.600
407.300
418,000
638.100
126.900
293.800
339.100

2,097,800

17.834.100

3.851.100
1.832.600
1,033,000

119.000

220,000

$

450,000

145.700

1.540.500

tion.

12,527.000
9,309.000
8.300.400
8.629,000
3.517.500
11,934.800
2,420,000
16,732,100
1.761.300
1,550,000
18,965,200
2.820.900

.

1,382,000
2,070,000

12.748.700
7,044,000
2,172,000
4.763.700

Chase National...
Fifth Avenue
German Exch’nge.

1,097,300
675.900
542,700

6,411.000
6,120,200

1,598,000
1,043,600

Bowery
N. Y. County

98,800
179.200

679.300

...

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

1,535,000

965.700

...

“

179.200
901.100
147.200

175.900
196.600
66,600
301.700

2.651.800

1.130.800
3.637.800
12,127,000
18,119,400
Commerce
5.618.400
Broadway
6.570.900
Mercantile
2.487.300
Pacific
;
5.401.500
Republic
3.702.300
Chatham
1.532.600
Peoples’
3.186.600
North America
7.413.500
Hanover
2,272,000
Irving
2.468.700
Citizens’
2.325.800
Nassau
2.752.900
Market
2,052,600
St. Nicholas
3,092,000
Shoe & Leather..
4,977,000
Corn Exchange
4.121.200
Continental
1.850.100
Oriental
Importers’^ Trad. 18.865.100
16,749.600
Park

F’b.21

440,000

1,80S,700
939,000

71,000
126.300
578.700
271.800

1,013,000
876,000

Circula¬

$

$

923,000

10,948,200 3.832.600
610.000
2.652,000
6,552,000 11,021,300
352.700
2,029,700
965,100 1.130.600
14.934.700 6.376.500
386.000
2.935.200
5.160.500 1,030,300
449.600
1.719.100

City

other
than U. S.

Tenders.

$
3,053.000
2,397,000
952.000
3,104,000
782.700

11,847,000
8,777,000
7,627,000
7,577,000

Net Deposits

Legal

Specie.

$
New York
Manhattan Co

Union

203,241
64,512
924.764
170.679

Loans and
Discounts.

America
Phenix

$

the

Average Amount of—
Banks.

Merchants’
Mechanics’

1834.

1885.

the

New York City Banks.—The following statement shows
condition of the Associated Banks of New York City for
week ending March 7, 1885:

given below.
earnings of all railroads from which returns can be obtained.
tThe columns under the heading “January 1 to latest date”
furnish the gross earnings from January 1 to, and including,
the period mentioned in the second column.
latest date

[VOL. XL

Clear’gs
$

56,238,776

54,989,614

68,992,403

Philadelphia banki

Deposits.*

Circulation. Agg.

Clear’gs

$

$

$

$

26,204,760
26,099,231
26,412,336

72,657,482
72,547,276
73,224,273

7,718,854

41,038,753

7,740,708
7,697,789

33.544,105
42,042,465

other banks.”

including the item “due to

quotations for a

Unlisted Securities.—Following are latest
week past:
Securities.

Bid.

Ask.

Bank.&Merch.Tel.—1st M

85
7

95

Gen. mort

Boat. H. & E.—New stock
Old
Bost. H.T.& West.—St’k.
Debentures
Buff. N. Y.& Plula
Trust bonds, 6s

California Pacific—Stock.
Chicago
Can. So.—Isr..
Chic. & Atlantic, ben. st’k
Continental Const.Imp.Co
Denv.<fc Rio Grande—uons
5a

Denv.A Rio Gr. W
Den. R. G. & W., 1st M.,
Guar, by D. &
Edison Electric

R. G

Light....
Georgia Pac.—Stock

1st mort., 6s
2d mort
:..
I. B. & W. Income bonds.

Keely Motor
Louisv. & N.—AdJ. bonds
Mexican National
Pref
1st mort
M. K.&T.—Income scrip
N. Y. M. Un. Tel.—Stock.
N. Y. W. Sh. & B.—Stock.
North. Pac.—Div. bonds..
North Riv. Cons.—100 p.c
N. J. Southern
..

.

Ohio Cent.—Riv.
Incomes

1

Pensacola & Atlantic

5V
46

Pittsburg & Western

37*3
5

1st mort

1st mort.
;.......
Postal Telegraph—Stock.
1st mort., os

17 Hi
2

24
67Hi
6H1
52
2
19 >4

33
50
12
95

43»4
14 *3

Settlement, 6s

54
68
24

Texas &

114
22 ^

23

i

40

Pac.—Scrip 1884.

Old scrip
New scrip
Tex. & St. Louis—
M.& A. Div., 1st

-mmmmm

Incomes

2i*
71

2=8
22

3
10

20

4
1
mm.

...

.

m

174
494
*

96
35

384
mort..

22

24 4
4

0

Pref
1st mort
2d mort

18 Hi

424

52,

3V
3*8
77 hi 79 i
11
I 124:
4l
V

Ask.

64

Postal Tel.A Cable-Stock

2
Rutland RR
Southern Tel.—Stock
16
1st mort
Hi
Sel. R. & D.—1st, stpd ’80
Hi
1st mort., stamped 1682
20
®8
8
2d mort., sta nped 1880.
%
2d mort., stamped 1882.
167a
St. Joseph & Western
St. Jo. & Pac., 1st mort. 115
4834
2d mort
144
Kans. tfc Neb., 1st mort. 110
36
48Hi
2d mort
44 78
1534 State of Tenn.—Set,’ni’t,.3* 60

454
18 Hi

34
48

Div., 1st

Hi
4

4

35
2 Hi
20
3
11

Bid.

Securities.

90
50

53

13

•

March

THE CHRONICLE.

14, 1885.]

1881.

% u n je s t m z t* t

Operating expenses—
Maint’nce of way*
Maint’nce of equip’t.

AND

Intjelligencjc.

Transp’rt’t’n exp’n’st.
Taxes

Miscellaneous

The Investors* {Supplement contains a

complete exhibit of the

funded Debt ofStates and Cities and ofthe Stocks and Bonds
of Railroads and other Companies. It is published on the
last Saturday of every other month—viz., February, April,
June, AugusU October and Decembert and is furnished without extra charge to all regular subscribers of the Chronicle.
Extra copies are sold to subscribers of the Chronicle at 50
cents each. and to others than subscribers at $1 per copy.

ANNUAL

REPORTS.

:

Capitalization

*

ct.op.ex. to earns.

$100,634,000

$40,000

Less land grant bonds, 1st series, redeemed
Second mortgage bonds, redeemed
Iowa & Minn. Division bonds, redeemed

3,000—

debt....*...

430,000

$100,254,000

stock and bonds:
$30,904,261
16,540,983

Common stock
Preferred stock

Includes renewal of track.

Including elevators, stock-yards, personal injuries and damages to
property, legal, insurance, rent of cars, &c.
INCOME

1881.

chasedroads

Total income

Tot. dishurscm’nts.

6,093,111
1.249,727

100,254,000

$147,699,244
capitalization, stock and bonds
For 4,801 miles, bcng at the rate of $30,745 per mile.
In 1884 the total extraordinary expenditures on road,
terminals and equipment were
$1,457,631
“
At the date of last report the company owned 4,760 miles of
road. During the year 1884 there were constructed 44 miles,
as follows:
In the State of loiva—
Completion of the Ottumwa Line
In the State of Wisconsin—

40 Miles.
-.

3 Miles.

From Fox Lake Juuction to Fox Lake
On line Eau Claire to Chippewa Falls

1 Mile.

—

4 Miles.

Length of road at last report

4,760 Miles.

Making the present mileage of the road

4,804 Miles.

“All of which is owned

by the company.
No part of
leases on which rents are reserved, and the
property is only encumbered by the bonded debt above men¬
tioned. The company has never guaranteed the bonds or in¬
debtedness of any other company, and has no contingent
liabilities of any kind or description. The narrow-gauge road
from Fond du Lac to Iron Ridge Junction, acquired late in
1883, has be*n widened to the standard gauge. Since the last
report 269 18-100 miles of new steel rails have been laid, of
which about 40 miles were laid on the new Cedar Rapids &
Ottumwa Line, and 229 miles in replacement of iron rails.
The condition of the property has been fully maintained and
in many respects greatly improved.
“The great depression in commercial affairs during the past
year has prevented the increase of earnings which was ex¬
pected. The earnings during the year have, however, fallen
short of the earnings of the year 1883 only $188,825. A return
of general prosperity will bring largely increased earnings,
and an increase may also be expected from the new lines of
the company in Dakota, as a result of the natural improve¬
ment of the country tributary to those lines.”
The comparative statistics for four years, compiled for the
Chronicle, are as follows :
it is held upon

*

ROAD AND

1881.

EQUIPMENT.
1882.

1883.

1884.

4,804

4,217

4,520

4,760

527
375

626
461

657
507

658

16,772

18,557

19,734

19,690

547

OPERATIONS AND FISCAL RESULTS.

1881.

1882.

1883.

1884.

3,956,814
4.591,232
Passengers oarried
2,985,885
4,904,678
Passenger mileage.. .137,940,086 200,790,926 235,579.660 225,851,443
..

2-86 cts.
4,276.088

2*58 cts.
5,127,767

2*52 cts.
5.661.667

2 55 cts.
6.023,016

Freight (tons) mil’ge.697,347,607 945,250,159 1176605032 1247737233
Av. rate p. ton p. mile.
1*39 cts.
1*29 cts.
1*70 cts.
1-48 cts.
$

Passenger
Freight

Mail,

express,

&c

$

3,938,989

5,179.078

11,884,795
1,201,677

14,002 335

Total gross eam’gs... 17,025,461




ACCOUNT.

1882.

.

$

1883.

8,200,653
623,814

$
9,881,787
164,707

8,824,467
$

10,046,494
$

4,786,054

5,373,925

2,461,042

3,212,895

7

7

7,247,096
1,577,371

1884.
$
9,611,369
82,307

9,693,676
$
5,918,608
3,321,167

7

7

8,586,820
1,459/674

9,239,775
453,901

A portion of these dividends was stated as payable out of the earn
ings of the previous year, as follows: In 1881, $973,306; in 1882,
$T,218,201; in 1883, $1,552,311, and in 1884, $1,660,584.

1881.
^

1882.

^

1883.

^

1884.

^

Railroad, equipm’t,&cl20,073,630 138,015,099 146,093,665 149,426,734
St’ks&b’ds own., cost
768,846
1,265,364
1,161,980
1,228,283
Bills& acc’ts rec’vable
663,641
2,361,234
1,550,232
1,146,059
Materials, fuel, Ac.
1,028.764
1,495,113
1,223,043
1.483,365
Cash on hand
555,200
2,969,732
3,048,965
2,971,133
Ill. & Iowa coal lands
503,119
689,578
944,132
630,475
Cash due on st’k subs
1,129,215
Miscellaneous items..
417,660
255,061
125,636,593 146,554,663 154,022,017 156,936,049
$
$
$
$
20,404,261 27,904,261 30,904,261 30,904,261
Stock, preferred
14,401,483 16,447,483 16,540,983 16,540,983
Bonds (See Supplm’t) 79.059,000 89,635,500 96,272,000 100,254,000
All other dues & acc’ts
3,899,002
4,943,872
1,711,099
2,093,163
Unpaid pay-rolls, &c.
2,279,836
2,216,630
1,732,687
1,610,601
Land department
1,787,509
1,781,907
Income account
5,079,030
5,593,011 *3,619,408
5,532,981
Total assets

Liabilities—
Stock, common

Total liabilities... 125,636,593
*

1,205,313

$
5,927,668
16,365,354
1,366,802

$

5,766,843
16,128,964
1,575,191

20,386,726 23,659,824 23,470,998

146,554,663 154,022,017 156,936,049

$3,550,974 of income balance applied towards payment for 71,019

shares

Earnings—

7,342,838
$
4,127,389
1,965.722

Total

Rate per pass. p. mile.
Freight (tons) moved.

$
6,707,530
635,308

Disbursements—
Interest on debt
Diva, on both stocks*
Rato of dividend

$17,445,244

Totalstock

Mortgage and laud grant bonds, including all liens on pur-

Operations—

10,317,931 12,186,073 13,778,037 13,859,629
6,707,530
8,200,653
9,881,787
9,611,369
60*60
59 77
58*23
59*05

$3,982,000

of the company’s property,

including roll¬
ing stock, depot grounds, cattle yards, elevators, machine
shops, warehouses, docks, and other property, together with
five bridges across the Mississippi River, is represented by

cars.

$
2,339,635
2,574,437
8,102,668
702,060
140,329

..

337,000

during the year

Freight & otinr

1834.

$
2,548,609
2,489,257
8,011,533
614,609
114,029

GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.

225,000
800,000
3,000,000 —4,412,000

.

Miles owned
Locomotives
Pass..mail & exp. cars

1883

t

$387,000

Real estate bonds..’.
Chicago & Pacific Western Division bonds
Terminal bonds

cost

Pr.

$
2,479,429
1,999,504
7,023,918
589,613
93,609

*

$96,272,000

purchased roads
Issued and so d in 1884 :
Consolidated mortgage bonds

The entire

exp.

1882.

-

$
2,350,794
1,367,674
6,051,930
473,166
65,367

and cost or property.

on

Total bonded

operating

Balance for year.....

Total bonded, debt at date of last report, including all liens

Increase

Tot.

Net earnings

Receipts—
Net earnings..'
Other receipts

Chicago Milwaukee & St. Paul Railway Co.
(For the year ending December 31, 1884.)
The annual report of President Mitchell, beyond the figures
and statistics given, is limited to less than one page of reading
matter. The changes in debt and capitalization are stated as
follows

335

common

stock issued to shareholders at 50 cents

on

the dollar.

Cincinnati New Orleans & Texas Pacific Railway.

(For the year ending Dec. 31, 1884.)
pamphlet report of this company has recently been
issued. The company is lessee of the Cincinnati Southern Rail¬
road, owned by the city of Cincinnati, and at the late annual
meeting held in Cincinnati there was much discussion in regard
to the failure of the city to furnish the terminal facilities
which had been promised.
The following resolution was
adopted :
The

Resolved, That the b^ard of directors be authorized and requested
forthwith, if they deem best, to terminate the lease of our road, and sur¬
render the railroad to the lessor, upon the ground of the entire failure Of
the lessor to perform its covenants and obligations thereunder, whereby
it Is rendered impossible for the lessee to successfully and profitably
operate the road.
The President’s report has the following :
“
I had to make allusion to the depression of the year 1883 in
my last report as explaining the small increase of gross receipts
for that year. In 1884, however, the depression has become
much more marked. Pig iron rates, which had reached the

lowest figure in the sliding scale, have in 1884, by force of
adventitious circumstances, Deen still further reduced. The
local industries on the line of road have suffered severely.

Taking the freight from local stations, which pays a much
better rate than through freight, your business shows that at
fifty-four stations there was a decrease of freight forwarded of
$143,015. Your road had again to undergo a visitation by flood,
which, besides adding largely to your expenses, resulted in a
decrease in receipts for February as compared with 1882, the
last year in which there was no flood, of $21,511. The total
number of tons sent forward from all stations on the road for
the year 1883 was 969,600 tons and the revenue $1,843,781, being
at the rate of $1 90 per ton.
Taking the increased tonnage for

77,466 tons, at the same rate of revenue per
been an increase in your
actual increase has been
$12,074 only. To compensate for the large decreases on the
line of road, Cincinnati shows an increase of $82,400 and Chat¬
tanooga shows an increase of $33,574. This is in part due to
the opening of new roads of the system which are worked in
complete harmony with your road, but more so to the energy
and perseverance of your traffic department, all members of
which have worked most assiduously to overcome the large
1884, which

was

last year, there would have
business of $147,185, whereas your

ton

as

which must have arisen through
alluded to above.” * * *

loss to your revenue

special

causes

The operating expenses,
And for 1883 they were

inolnding taxes, have amounted to..$1,836,974

1,851,320
$14,346

Decrease

being at the rate of 69T1
1883.
“I cannot

direct your

the

per cent, as

against 69*93 per cent for

charge that this result is satisfactory, but I would
special attention to the following increases:

THE CHRONICLE

336
Expenses of steam oar hoist,

rendered necessary by the break

of gauge
Bents of connection tracks and switching charges
Kent of Grand Cent ral Depot and proportion of expenses .......

$10,165

mortgage hold

[VOL. XL.

$724,000 first consolidated mortgage bonds,

$170,000 second mortgage bonds, $5,000 mortgage on real
estate sold, and $1,193 in cash.
The company has sold during

13.227
9,551 the year 1884 $150,000 second mortgage bonds at 96 and accrued’
Total increase
$32,944 interest, and applied the proceeds to reducing the amount
JJ? “ As these charges show an increase of 35*87 per cent .over temporarily borrowed. It lias in its treasury $200,000 second
similar items for 1883. it requires little calculation to foretell mortgage bonds and $462,000 income bonds.
The freight earnings for 1884 show a decrease from 1883 of
the inevitable result thereof.” * * *
,
$75,265.
That this decrease is almost entirely owing to the
“Since October 12,1881, the date your company took charge
of this property, you have paid, as under, on account of lack prevailing depression in business, and not to a diveision of
traffic, is shown by the fact that the freight between local
of terminal facilities :
1881-2.
1883.
1884.
Total.
stations and bet veen Charleston and local stations, shows a
Bent
of
connection tracks,
falling off in revenue of $71,479, or nearly the entire decrease.
freight depot and switching
The following tables for three years have been compiled for
charges
$96,794 $86,812 $100,039 $283,646 the Chronicle :
Kent passenger depot
967
10,519
11,486
OPERATIONS AND FISCAL RESULTS.
“

$96,794
“

The break of gauge has

Extra labor,
Bteam hoist

transferring cars

$87,770

resulted
in direct
charges,
as under:
1 >3 81-2.
1883.
1884.
Total.
$21,573 $13,564 $18,135 $53,273
4,063
14,229 18,292
$21,573

“

$110,558 $295,132

$17,627 $32,361 $71,566

by your board of directors, I wrote
November 20, 1883, for permission to change

As instructed

Trustees

on

the

344,131

36,917,920

mile..

377,109
41,870.737

42,881,613

390,257
2-12 c-ts.

$

$
296,105

$
302,292

966,658
51,058

968.742

55,935

279,769
893,859
59,664

1,313,821

1,326,969

1,233/292

Freight

earnings

2-35 Cts.

2-69 cts.

Mail, express, Ac
Total gross

1884.
273.6*5

1883.

213,981

Freight (tons) moved
Freight (tons) mileage
Average rate per ton per
Earnings-—

the

22 -•.676

1882..

Operations—

Passengers carried

Operating expenses—
The^ accorded such permission on September 19,1884,
147,362
190,018
186,733
Maintenance of way, Ac
a condition being that you should pay the whole of the expen¬
155,242
156,2 14.
157,366
Maintenance of equipment
490.283
ses thereof, which will be about $100,000.
495,421
The change of Transportation expenses
437,217
57,681
52.3Si '
31,309
.<■
gauge will make a considerable increase to your capacity for Taxes
handling business, and will also reduce your expenses consid¬
850,568
894,094
812,630
Total
erably.” * * *
382,721
432,375
501,191
“This question of capital expenditure is a grave matter for Net earnings
63-96
67-33
61-76
P. c. of oper. exx>. to earn’gs...
your interests, and it should be taken speedily in hand. With
INCOME ACCOUNT.
a capital of $3,000,000 you had to pay about $2,000,000 for the
1884.
1883.
1882.
property of the Common Carrier Company, and the engineer’s
$
$
$
Receipts—
382,724
estimate of expenditure needed to complete the road called for Net
432,875
501,191
earnings
5,830
13,890
3,497
a sum of $2,5G9,374, of which it was suggested that 80 per
Other receipts
r
or
should
expended
in
first
years.
cent,
$2,055,499,
be
the
fiv6
338,604
446,765
504,688
Total income
You also had to consider expenditures on capital account on
Disbursemcn Is—
382,722
373,754
other items, such as rolling stock and rails, not included in the Interest on debt
357,317
76,140
126,900
on incomes
Interest
engineer’s estimate. With the tightest hold upon requirements,
3
5
Rate paid on incomes
252
your capital has been over expended, and you have now to Miscellaneous
2,472
4,149
consider liow to provide for further expenditure, chief among
382,974
452,366
488,866
Total disbursements
this being the re-lining of tunnels, on which you should expend
sur. 5,630
def. 5,601
sur. 15,822
Balance
$100,000 per annum for nine years.
Missouri Pacific.
It cannot, in my opinion, be said that the outlook for your
property is such as to cause undue apprehension. The lease
{For the year ending Dec. 31, 1884.)
has so far shown itself not a good one, but the road has, under
At the annual meeting this week, the old board of directors
the most depressing circumstances of needed and unforeseen
was re-elected.
The following is given in advance of the
expenditure, and with a lack of facilities to economically han¬
pamphlet
report:
dle the business it can get, done so well, that with a fair pro¬
1884.
1883.
1882.
995
990
portion of terminal facilities and the gauge changed, it can Miles of road operated Dec. 31.
9#0
undoubtedly show such results as will enable it to easily pro¬ Passengers carried (No.)
1,757,862
1,567,683
1,475,311
2,839,524
cure and pay interest on the capital needed to complete com¬
3,270,721
3,194,353
Freight carried (tons)
$8,094,618 $9,153,731 $8,777,628
Gross earnings
pliance with the terms of the lease.”
4,492,877
gauge.

.

..

“

...

...

...

EARNINGS AND EXPENSES.

1884.

1883.

$654,197
1,855,856
148,131

$634,940
1,843,78 L
168,622

$2,658,184

$2,647,343

404,846

91.024

507,418
223,382
1,044,013
76,478

.$1,836,974
$321,210

$1,851,321
$796,022

$300,000
12,0 0

$800,000
12,600

$812,000

$812,000

Receipts from—

Expenscs-

248,914
1,092,190

.

Taxes and insurance.

Deduct.

Paid to Trustees.

Sur. $9,210 Def. $15,978

Balance

South Carolina Railway.

Operating expenses

...

Net earnings
Per ct. of

...

op’at’g exp’es to earn’gs.

4,324,888

$3,769,730

4,978,465

$4,175,266 $4,284,751
54-39

53-44

GENERAL BALANCE DEC* 1 31.

1882.
Assets—
....$39,298,901
Cost of road and equipment
Investments in stocks and bonds.. 20,856,312
624,117
Materials and supplies on hand.

Cash on hand
Uncollected earnings
Advances to railroads

....

1,238,990
202,579

1883.

51-18
1884.

$39,950,939 $40,618,132

22,324,316 21,776,077
779,050

1,094,682
577,344

731,661

2,343,359

1,185,718

709,441

$62,930,340 $64,971,684 $66,410,094

Total assets
Liabilities—
Stock

Funded debt
Interest, due and accrued
Vouchers for Dee. & bills payable.
Miscellaneous
Income account.

$29,958,900 $29,962,125 $29,974,800
25,379.000 26,895,000 28,895,000
496,433
504,693
468,972
2,395,920
2,430,651
2,150,806
92,386
122,911
5,064.564 4,884,794
4,635,162

Total liabilities
:
$62,930,340 $64,971,684 $66,410,094
{For the year ending Dec. 31, 18S4.)
St. Louis Iron Mountain & Southern.
The annual report of President II. P. Talmadge remarks of
{For the year ending Dec. 31, 1884.)
the surplus income for 1884 :
“ As this balance is less than 1
The annual meeting was held this week and the old board of
per cent upon the $2,538,000 income bonds outstanding, your directors re-elected, except Mr. Sidney Dillon, Mr. G. W.
directors have not distributed it, but it will be taken into
Allen taking his place. The figures below are in advance of
account when the interest payable to income bondholders from
the publication of the report:
the earnings of 1885 is declared. The fixed charges for 1885
1882.
1883.
1884.
will not exceed those for 1884.
The only addition to the prop¬ Miles of road operated Dec. 31
882
905
923
erty of the company during the year 1884 was the completion Passengers carried (No.).
955,787 1,028,913 1,216,240
of 13 box freight cars, at a cost of $6,487, being the balance of Freight carried (tons)
1,500,491 1,557,954 1,611,221
100 cars begun in 1883.
All other expenditures upon the prop¬ Gross earnings
$7,582,209 $7,904,683 $7,451,897
3,846,587 4,214,503 3,987,298
erty have been included in operating expenses. During the Operating expenses
year 1884 the company has sold real estate not necessary to its Net earnings
$3,735,622 $3,690,120 $3,464,599
operation to the amount of $16,005, and the proceeds, $11,005 Per et. of op’at’g exp’es to oarn’gs.
50 73
53-32
53*51
in cash and $5,000 in a purchase money 1st mortgage, have
GENERAL BALANCE DECEMBER 31.
been delivered to the trustees of the 1st consolidated mort¬
Assets—
1882.
16£3. .
1«84.
$51,164,896 $52,705,985 $53,521,639
gage, and applied to the payment of bonds prior thereto in Coat of road and equipment
2,951,440
Land grant lands
3,214,452 3,022.598 5,646,592
Ben, which bonds have been canceled.
5,240,603
1,333,9^5
“The company has sold during the year 1884 $261,000 first Investments in stocks and bonds.
1,518,032
Due from railrds and individuals.
*37,856
37,564
306,279
consolidated mortgage bonds received from the trustees for Miscellaneous...
109,922
Income account.
a like amount of bonds prior thereto in lien paid off and can¬
celed, and the amount of such prior bonds outstanding has
Total assets
$57,647,566 $61,006,815 $62,357,527
been reduced to $903,197. Of these $175,837 are due January
Liabilities—
$22,084,085 $22,083,865 $22,082,445
1, 1885, or prior thereto, and will be paid and canceled on Capital stock
debt
33,929,901 35,319.199 35,564,338
presentation, full provision having been made for them by Funded
Interest due and accrued
706,576
1.311,377
867,138
sale at a premium of the first consolidated mortgage bonds
322,203 1,799,940 2.319,216
Sundry accounts payable
to be received for them from the trustees.
Income account
936,573 1,684,952




'

.

“

For the purpose of
bonds above mentioned,

providing for the $903,197 prior lien
the trustees of the first consolidated

Total liabilities

$57,647,566 $61,006,815

$62,357,527

THE CHRONICLE.

March 14, 1885. J

337

Illinois Central.—At Chicago, March 11, the thirty-fifth

GENERAL INVESTMENT NEWS.

annual

meeting of the stockholders of the Illinois Central

Champaign Havana & Western.—The bondholders’ com¬ Railroad Company was held. The directors whose terms expire
mittee of this railroad has issued a circular to holders of bonds this year, Messrs. Clarke, Ayer and Luttgen, were re-elected,
of Wabash St. Louis & Pacific Railway Company, known as and William Waldorf Astor of New York was elected to fill
Havana Division bonds, stating that they took all necessary the vacancy caused some months ago by the resignation of
legal steps preliminary to foreclosure suit, and rested there William Bayard Cutting. The books of the comp my show
under repeated assurances from receivers it was their inten¬ that there are 3,638 stockholders. Of these, 43,445 shares are
tion to retain this division in the reorganized Wabash system, registered in the name of a syndicate in Amsterdam, which
and for that purpose an order would be obtained from Court, for more than twenty years has represented a large but un¬
authorizing payment of overdue coupons. Receiver applied known number of small proprietors in Holland. The remain¬
several times for the order, which has been refused, reason al¬ ing 2,637 stockholders hold 246,555 shares, making the average
leged that accounts do not show the division to be earning in¬ holding of each less than ninety-four shares. Of the entire
terest. The committee instructed the attorney to push legal number of stockholders, including the Amsterdam syndicate,

proceedings, and hope for a hearing April 6.

The treasurer

of the committee was instructed to call on bondholders for
their subscription of $5 per bond, to be paid immediately.

four own 5,000 shares each or over, twenty-four own 1,000
shares or over, forty-seven own 500 or over, 658 own 100 shares

Jamnary.
1885.
1884.

/

Gross earnings....:
Operai’g expenses.

/

,

July 1

$170,318

$203,444

$1,495,00.9

114,452

134,096

9o4.062

Net earnings
Fixed charges

to Jem. 31.

.

lc84-5.

1833-4.

$1,548,614
967,985

$55,866

$69,348

$530,947

$580,648

50,033

50.000

353,918

349,1‘-'6

$5,783

$19,315

$177,039

$231,522

Surplus

Cleveland Columbus Cincinnati & Indianapolis.—At the

of this company, President Devereux
The gross earnings and expenses were

recent annual meeting
read his annual report.
as follows:

Disbursements.

Receipts.

$2,518,8 73
899,434

Freight
Passenger
Mail

9(5,497

Express.

85,540

$2,756,748

Operating expenses
Taxes
Interest on bonds.
Interest and exchange.

115,104
602.539

40,132

55,678
355,717

Rents
Interest and dividends.

i
Total.
$3 518.525
$293,2 L7
$3,811,742 ' Surplus
An abstract of the report will be published as soon as the

Total

pamphlet is ready.
Dubuque & Sioux City.—Comparative statement for the
ending Dec. 31 :
iqqci
oa i

year

C
b

i
1884.

1883.

$1,092,024 Dec. $169,721
$343,545 Dec. $51,172

Gross earnings
Rental from Ill. Ceil., net. ..$292,373
Other income
31.638

17,369

..

$3 ->0,914

Total net

Interest and expenses....

62,805

...

8urplus Jau. l
Total surplus

..

Dec. 31

.

14,269

Dec.
Dec.

$36,903
139

$36,761
99,988

$61,369

Def. $1,855

$63,224

95,31 L

97,165

I ue.
Dec.

$156,680

$95,310

Inc.

$61,370

$261,345
199,976

,

$298,109

6 p. c.

1,854

Fitchburg—Boston Barre & Gardner.—The Fitchburg
sumes

full control of the Boston Barre & Gardner

as¬

assumed by the Fitchburg, fixed charges being guaranteed so
that interest on the bonds will be paid. Outstanding liabilities
are to be paid at once.—Boston Transcript.

Fort Madison & Northwestern.—This road has been placed
in the hands of a receiver upon application of the creditors.
It was originally intended to run from Fort Madison, la., to

Oskaloosa, about 100 miles. In 1882 it was completed to Bir¬
mingham, 45 milf s. The funded debt consists of $150,009 in
first mortgage bonds and $6,000 in second mortgage bonds.
The road is of 3 ft. gauge, and its earnings, although light,
have, according to the reports made, been sufficient to meet
the interest on the funded debt. Toe Fort Madison Construc¬
tion Co. built and owned the road.—Railroad Gazette.

Hoii'.ton & Texas Central.—The court has ordered the
receivers of Houston & Texas Central to issue $150,000 receiv¬

certificates, bearing 8 per cent interest and running nine

months.




$589,071

Gross earnings,
Gross earnings,

1884
1833
Net earnings. 1834

573,491
l.$245,582
238,291

Net earniugs, 1883

Interest charges, taxes and
Interest charges, taxes and

general ^expenses, 1884. about— $225,000
general expenses, lh83
220,414

Surplus, 1884
Surplus, 1883

$20,000
17,876

Acres of land sold, 1884
Acres of land sold, 1883

$28,091
40,673
$39,000

Amount of land sales, 1834
Amount of iand sales, 1883

.

-

Land notes
Land notes

on
on

143,688

$126,747
171,747
$73,000

Total cash receipts, land department, 1381
Total cash receipts, land department, l S83
Amount of bonds canceled by laud sales, 1884
Amount of bonds cauccled by land sales, 1883

120,000
$503,586
532.83&

hand at close of 1884
band at close of 18S3..

The total charges were increased last year by reason of the
increase in the coupon scrip in 1883. The capital stock and
debt remain as at the close of 1883, save the cancellation of

seventy-eight bonds,

as

noted above.

Thus far in 1885 $3,500

bonds have been canceled, and the trustees have $18,000 in
hand, to be used for bond cancellations.
Manhattan Elevated.—The following is a statement of the
Manhattan Elevated Railroad Company for the quarter ending
March 31,1885, the earnings
March being estimated, viz.:

for the remaining portion of
1884 (Actual.) 1885 (EstimatedA

Gross earnings and income

$:,661 ,^’46

$1,778 438

959,^64

928,475

$701,982

$849,963

369,547

415,069

$332,435

$4 4,894

Operating expenses
Deduct interest, rentals and taxes.
Net income
Dividend 11i> on

390,000

$26,0u0,000

$44,894

Surplus
Surplus for quarter, ending Dee. 31, 1884
Total

RR., the trans¬

fer having been made for one year, during which legislation
will be‘received by which the Gardner road can be merged
into the Fitchburg. All the liabilities of the Gardner road are

ers’

own

ber of shareholders last year was

Net

Dfce.
Dec.

4 per cent

8urplus

Inc.

299,964

Balance
Dividend

Changes.

over,

and 1,905

less than 100 shares apiece.

The num¬
2,218, and the 400 new ones
Chicago & Grand Trunk.—The annual report of this com¬ are chiefly small investors in the New England States and in
pany shows that considerable expenditure on capital account rural New York. The prevalent opinion that the Illinois Cen¬
was made for improvements.
The revenue was as follows : tral stock is owned entirely in England and Holland is a mis¬
take. Over one-third of the stock is owned in this country,
Gross earnings, $3,178,180; operating expenses, $3,415,503,
leaving net earnings of $763,677, as compared with $716,478 which is more than twice the amount owned in Holland. Over
for 1883.
After providing for interest and rentals there forty per cent of the stockholders live in America.
remains a balance of $1,954.
The small revenue is attributed
Lake Shore & Michigan Southern.—This company is about
to the low rates prevailing during the year.
Freight earnings
to
issue $5,685,000 of its bonds to take up bonds maturing to
were only 57*100 of a cent per mile per ton.
The tonnage car¬
ried during the year increased 21 per cent, but the earnings the amount of $6,835,000, or $1,150,000 more than the bonds
were only 8 per cent larger than the year before.
The passen¬ about to be issued. The premium on the $5,635,000 L ike Shore
firsts is expected to be more than the difference between the
ger earnings were $1 66 for each passenger. The directors say
Recent quotations for Lake
that the pooling system has worked badly for the road, the issuing and the maturing bonds.
Shore firsts have been in the neighborhood of 128.
If the new
system itself being not so much to blame as the failure of
other roads to co-operate. The competition between the New bonds are placed at 125, the receipts for them will amount to
This will give the Lake Shore
York Central and the West Shore seriously affected the inter¬ something over $7,251,000.
ests of the Grand Trunk, as well as Eastern roads, and is sup¬ Company a cash surplus of $416,000 after paying off the ma¬
posed to be one of the causes of the loss in revenue. The work¬ turing bonds, and the company will also save $80,000 per year
as the difference in interest on the old and new bonds.
ing expenses amounted to nearly 76 per cent of the earnings—
about the same as last year.
Little Rock & Fort Smith.—The annual report has not
Cincinnati Indianapolis St. Louis & Chicago.—The gross yet been printed, but the Boston Transcript remarks that
and net earnings in January, and for the seven months from some erroneous figures having been published, the following
may be of interest:
July 1, in 1883-84 and 1884-85, have been as follows :
or

surplus first lialf of present fiscaly’r

37,574

...

.

$32,468

Missouri Kansas <fe Texas.—The annual meeting was held
this

week, and the old board of directors re-elected. The fol¬
a comparative state:nent of the earnings of 1884 and

lowing is
1*83:

1884.
Gross earnings
Operating expenses

4,347,246

1 383.

Decrease.

$7,843,511
4,64.-,503

$526,261
299.257

$3,197,007

$.27,003

155,807

123,078

*32,789

Balance
Fixed charges

$3,073,929
2,492,516

$259,792

2,450,000

Surplus

$364,137

$581,4t3

$217,276

Net
Taxes

*

earnings

42,516

Increase.

This does not include miscellaneous debit and credit
Fixed charges show a decrease on account of
counts.

ac¬

the

exchange of 6 per cent incomes into 5 per cents. The surplus
was expended in reducing debit income account.
N. Y. City & Northern.—An application for leave to issue.
$150,000 receivers’ certificates by the New York City & North¬
ern road has been refused by Judge Andrews.

[Vol. XL..

THE CHRONICLE.

338
New York & New England.—It is reported
that as this company owes the State of

from Hartford

Connecticut about
compromise has been made
between the State Treasurer and the company, which, if the
Legislature sustains it, will result in the road paying $150,000,
one-half by Aug. 1, 1885, and the other half by May 1, 1886.
This will be in full, but if the second payment is not made and
the regular taxes are not paid in October, 1885, then what
may have been collected will be only reckoned as paid on
account of the whole sum now due.
—A meeting of the directors of the Connecticut Central Rail¬
road was held to consider the foreclosure proceedings brought
against the company in the interest of the New York & New
England Railroad, which leases the road and also holds its
bonds. A vote was passed directing Vice-President Gowdy to
$183,000 and interest for taxes, a

owned by the

Reserving for improvements, &c.,
Total

new

first mortgage

For all present
face value in

$4,100,000

500,000
$1,600,000

estimated that with the cash now on hand and net earn¬
ings to May 1,1885, and receipts from sales of old rails,
the total will amount to
From which deduct bridge tolls unpaid, estimated to May 1,
1885, at $2 and $3 per car

It is

-

$400,000’
115,000
$285,000

453,156
Leaving total for improvements, &c
$738,156
The securities hereinbefore called first mortgage and second
mortgage bonds represent the first and second mortgage
bonds known as the St. Joseph & Pacific and Kansas &
Nebraska bonds; and the stock hereinbefore called the St.
Joseph & Western represents the stock of the St. Joseph & West¬
ern Railroad Company, also all outstanding stocks of the St.
Joseph & Pacific and Kansas & Nebraska railway companies
entitled to be converted into the St. Joseph & Western stock.
It is proposed that the Union Pacific guarantee the interest on
the $7,000,000 first mortgage bonds, both by a satisfactory
lease and a stipulation on the bonds setting forth the condi¬
tions of the Union Pacific obligation; all net earnings above
$420,000 to be applied first to payment of interest upon

Add surplus bonds

Exchange.—New securities have been listed

Trans-Continental—$1,553,000 6 per cent first
mortgage bonds, due November 1, 1922. These bonds have
been issued on new mileage of completed road, and they make
the total amount listed to date $9,553,000.
Chicago & Eastern Illinois Railroad—$2,500,000 of first
consolidated mortgage 6 per cent bonds. These bonds aro
part of a total issue of $6,000,000 of bonds, and the rest
remain in the hands of the Central Trust Company, as trustee,

for outstanding bonds.

St. Joseph Bridge stock (owned by Union
like amount in common stock of the new com¬

IMPROVEMENTS.

Exchange as follows:

asks the Stock Exchange to

to he exchanged

pany

of the company.”

for the purpose of exchange
Louisville & Nashville

a

cent of their
bonds
$1,680,000'

STOCK.

outstanding St. Joseph & Western stock

Pacific)

be brought to an

New York Stock

second mortgage bonds 70 per

non-cunmlative 5 per cent income

share for share
For 5,000 shares of

The Boston Transcript says:
issue shortly by a request
from the New York & New England for an order from the
Court for the removal of the car trust property.
As the New
York & New England will have nearly a half interest in it,
the non-assenting car trust bondholders can take their prop¬
erty and the New York & New England will take its propor¬
tion. All of the October coupons of the New York & New
England second mortgage bonds have been taken care of, and
the February coupons are in such a position that they can be
at the Stock
Oregon &

453,156

$7,000,000

bonds

NEW COMMON

All

bonds with interest scaled.

handled in the interest

375,000

in new first mortg. bonds.

INCOME RONDS.

employ counsel and fight the case.
—The New York & New England car trust bondholders are
not assenting rapidly to the proposition for the reorganization
of the finances of the company. Out of $1,200,000 in bonds,
only the holders of $425,000 have consented to take second mort¬
“The matter will

784,000
720,000

& Grand Island
first

v

gage

$169,869

For back coupons on same, their face value
For St. Joseph Bridge first mortgage bonds
Union Pacific Railway Company a like amount in new
first mortgages
For all second mortgage bonds of the St. Joseph & Western,
30 per cent of their face value
For $375,000 first mortgage Hastings
bonds owned by Union Pacific, a like amount in new
mortgage bonds
».

already mentioned

dividends upon stock.
Francisco.—In advance of the

income bonds and then to

St. Louis & San

list

report, the following summary is given
ations in 1884, as compared with 1883:

annual
of the results of oper¬

$753,000 10;40 6 per cent adjustment bonds, making the total
Inc.or Decr'se
1883.
1884.
listed $2,613,000 out of an authorized issue of
Inc. 51 milesmiles.
734
786 miles.
Average mileage
$5,000,000.
Inc .$747,031
$1,643,596 $3,896,565
Northern Pacific asks to have listed $1,562,000 first Gross earnings
Inc. 361,419
1,592,158
1,953,577
Operating
expenses
mortgage land grant gold bonds, issued on 62,h£ miles of new
road. Total amount issued, $49,684,000, on 1,995 miles of road.
Inc.$385,612
$2,690,019 $2,304,407
Dec.
49,169
230,970
181,801
and
taxes
New York West Shore & Buffalo.—The bondholders’ com¬ Improvements
Inc .$434,781
mittee of the New York West Shore & Buffalo Railway Com¬
$2,508,218 $2,073,437
Net earnings
Inc. 471,764
1,354.439
1,826,203
pany have appointed a sub-committee with authority to adjust Int.chargejSkg.fds.jrent’lSj&c.
contingent claims against the property. It has been reported
Dee. $36,983
$718,998
$682,015
Surplus earnings
in Wall Street that the committee had agreed on a scheme of
Inc.
$601
$5,305
$5,906
Gross earnings (per mile)
316
Inc.
reorganization, but this does not appear to be true.
2,168
2,494
Operating exp’nses (per milt )
State
(Quarterly
Railroads in New York
Reports.)—The
Inc.
$367
$2,823
$3,190
Netearnings (permile)
following abstract, showing the operations for the quarter
4086
42-07
Operating expenses, per ct...
ending Dec. 31 has been compiled for the Chronicle from Operating expenses, Improve¬
46-79
45-99
returns made to the Railroad Commissioners.
ments and taxes, per ct
Lake Shore <6 Mich. So
1883.
Southern Pacific.—A circular has been issued by Leland
1884.
Receipts—
$4,754,247 Stanford, President of the Southern Pacific, in which- it is
Gross earnings
2,537,242
2,159,406
stated: “Arrangements having been effected by the various
Operating expenses
$2,217,005 railway companies interested between San Francisco and New Net earnings
39,635 Orleans, comprising the following roads, namely, the Southern
Tneome, other sources
Pacific of California, Southern Pacific of Arizona, Southern
$2,256,640
$1,720,636
Total net receipts
Pacific of New Mexico, Galveston Harrisburg & San Antonio,.
Deductions—
$796,367 Louisiana Western, Texas & New Orleans and Morgan’s Louis¬
$837,492
Interest on bonds *
132,559 iana & Texas railway and steamship lines, and roads controlled
116,543
All taxes*
119,310
117,969
Rentals*
by them, for a unification of their joint administration, with a
$1,046,895 view to a more economical working of the properties, it has
$1,073,346
Total deductions
$1,209,745 been deeidqjl that on and after March 1, 1885, these properties
$647,290
Balance surplus
will be operated under one general organization, known as the
Proportion for this quarter of the amount for the year, whether paid Southern Pacific Company, with headquarters at San Fran¬
or not.
cisco, Cal., divided into two sections. All west of El Paso will
Rome Watertown & Ogdensburg.—The gross and net earn¬ be known as the Pacific system and all east thereof as the
ings for January, and for four months from October 1 to Jan¬ Atlantic system.”
*
*
*
“Officials of the line: A. N.
uary 31, have been:
Towne, General Manager Pacific system, San Francisco ; A.'
January.
^Oct. 1 to Jan. 31—4 mos
C.
Hutchinson, General Manager Atlantic system, New
188 1.
'
1884.
1885.
1885.
Gross earnings
$81,040 $114,395
$537,316
$584,086 Orleans; J.[C. Stubbs, General Traffic Manager, San Francisco.
88,960
Operat’g expenses.
94,353
361,244
358,955 All other officials and agents will be continued on the various
roads and divisions as under the previous organization until
Net earnings....def. $13,317
$173,072
$225,130 further notice
$25,435
by the General Manager.”
St. Joseph & Western.—The bondholders’ committee h^ve
Wabash
Louis & Pacific.—The annual meeting of the
St.
issued a circular which states the proposed plan for reorgan¬
stockholders of the Wabash St. Louis & Pacific Railroad was
izing this company as follows:
held at St. Louis and the following directors elected for three
The line as reorganized is to include the St. Joseph &
Western Railroad Company, the Hastings & Grand Island years: James F. Joy, Charles Ridgely, George L. Dunlap,
Solon Humphreys, Sidney Dillon. The report of Mr. A. L. Hop¬
Railroad Company and the St. Joseph Bridge Company.
It covers a period from
It is proposed to foreclose the present mortgages and to kins, Vice-President, was read.
January
1
to
May
28,
1884,
at
which
time receivers took pos¬
organize a new company which will issue
session of the property, and shows: Earnings, $6,129,460;
First mortgage six per cent bonds to the amount of
$7,000,000
Five per cent income bonds to the amount of
1,680,000 operating expenses, $5,528,218: surplus, $601,242. There being
And new stock to the amount of
4,600,000 no quorum present, a meeting of the board of directors was
The same to be applied as follows :
postponed till April 2, in New York.
—A press cable dispatch from London, March 12, says: “The
To the Union Pacific Railway Company, in exchange for its
English holders of Wabash bonds at a meeting to-day resolved
present holding of $2,418,030 first mortgage bonds, a like
amount in the new first mortgage bonds
2,418,030 to reject Mr. Joy's scheme for reorganization, and decided to
For back coupons on the same there will be issued in new
have a most rigid investigation made into the affairs of the
flr-t mortgage bonds up to the amount of 16*2 per cent
(being a waiver of 17^ per cent of their back interest) say.
397,975 company, and to seek the removal of the present management,
To the holders of the remaining first mortgage bonds,
which was violently denounced.
Mr. Joy was not present at
amounting to $1,381,970, a like amount in new first mort¬
the meeting.
gage bonds
1,381,970

amount




...

«.

c

•

„

*

,

>

March 14,

THE

1885.]

CHRONICLE.

339
COTTON.

%\xt (&mxmzxtml jinxes.

Friday, P. M., March 13, 1885.
The Movement of the Crop, as indicated
by our telegrams
from the South to-night, is given below. For the week
ending
this evening (March 13), the total

EPITOME^

COMMERCIAL

receipts have reached 42,581
Night, March 13, 1885.
bales, against 06,866 bales last week, 50,312 bales the previous
Cold, wintry weather still continues, and in many parts of week and 54,324 bales three weeks
since; making the total
the South preparations for planting have been thereby further receipts since the 1st of September,
1884, 4,489,481 bales, against
delayed, the thermometer being reported down to the freezing 4,485,924 bales for the same period of 1883-84, showing an
increase since September 1, 1884, of 3,557 bales.
point in extreme Southern latitudes. But no serious damage
has been done, and there is a change for the better at the close.
Sat.
Receipts at—
Mon.
Tues.
Wed.
Thurs.
Fri.
Total.
The belligerent aspect of the relations between Great Britain
Galveston
186
145
44
894
54
463
1,696
and Russia caused some speculation in wheat and other food
Indianola, &c.
21
21
staples but depressed cotton. Business continues about as last New Orleans... 3,034 7,893 2,824 1,936 2,547 3,900 22,184
93
301
74
100
114
reported, and prices of all staple merchandise are very low. Mobile
33
715
There have been strikes among employes on the Gould rail¬ Florida
1,299
1,299
Savannah
555
425
515
242
99
156
1,992
roads, which at one time threatened serious complications.
Brunsw’k, &c.
8
8
The ice has disappeared from our harbor, but inland
561
122
304
transport¬ Charleston
296
423
116
1,822
ation in northern latitudes will probably
Pt Royal, &c.
89
open later than
89
Friday

....

....

...

usual.

Moreh’d C.,&c
Norfolk

....

....

....

....

60

57

....

....

....

....

Wilmington....

Lard futures have been variable and

....

....

94

....

....

„

....

:

.

15

.

.

34

66

326

65

65
unsettled, and to-day
528
382
2,068
36S
353
233
3,987
early advance was lost, the market closing at 7’20c. for
West Point,&o
1,359
1,359
March, 7*22c. for April, 7*30c. for May and7‘37c. for June. Spot New York
821
150
405
757
575
2,708
Boston
91
lard has been only moderately active and an
236
384
398
480
86
1,675
early advance was
Baltimore
1,120
1,120
lost, closing at 7‘10c. for prime city, 7’25c. for prime Western5
39
Philadelp’a, &o.
113
43
207
1,113
1,515
and 7*50c. for refined for the Continent. Pork has been
selling
Totals this week
5,929
11,436
5,139
10.177
5,009
4,891
42,581
fairly active, but prices are barely maintained at $13 50@
For comparison, we give the
$13 75 for mess and $15 25@$15 50 for clear. Cut meats have
following table showing t he week’s
been rather pressed on the market, and there is some reduction total receipts, the total since Sept.l, 1884, and the stock to-night,
and the same items for the corresponding periods of last
year.
in values, especially for bellies, but the close is active at
1884-85.
I
for pickled bellies,
1863-84.
1
Stock.
5%@53^c. for shoulders and 9^@
Receipts to
This
Since
This
Since
Sep.
9}£c. for hams. Beef and beef hams nominally unchanged,
Sep.
March 13
1885.
1884.
Week.
Week.
1, 1884.
1, 1883.
but meeting with rather more
inquiry. Tallow in good
Galveston
demand at 0^@G 3-16c. Butter has further
1,696
446,429
5,009
570,292
26,427
35,930
declined, and new
21
Ind’nola,&o
47
10,367
8,312
24
State creamery closes at 22@32c. Cheese is
steady at 8@12^c. New Orleans. 22,184 1,428,161 13,752
250,375
1,433,146
288,291
for State factory. Fresh eggs close at 24@26c. The Cincin¬
Mobile
715
224,351
2,567
240,392
25,776
27,526
nati Price Current reports the number of swine
1,299
73,630
2
slaughtered Florida
2,816
39,199
1,826
at the West, for the season November 1 to March
1,992
693,374
3,396
630,988
22,206
1, at 6,210,- Savannah....
41,576
8
Br’sw’k,&c
9,692
7,684
995, against 5,402,064 last season, and the average weight for
Charleston...
1,822
502,050
4,450
404,437
16,489
the pa9t season shows some increase over the
39,371
previous season.
89
Pt.Royal,&c
203
6,225
45
13,229
The following is a comparative summary of
326
aggregate exports Wilmington..
92,484
638
88,676
1,014
6,378
....

....

....

....

....

....

....

....

....

an

....

....

....

....

•

•••

....

....

....

...

from October 27 to March 7

1884-5.

M’lieadC.,&c

:

Norfolk

1883-4.

Pork, lbs

19,453,000
17,197,400
Ine.
2,260,000
Bacon, lbs
194,738,276
167,480,294
Inc. 27,251,982
Lard, lbs
114,089,399
83,475,443
Inc. 30,613,956
Brazil coffees did not sustain the improvement noted at the
close of our last, but experienced a fresh decline.

To-day the

market

was weak; fair cargoes Rio
quoted at 8^0., and options
again lower, closing with buyers at 6*85c. for March,
7‘05c. for May, 7*30c. for July and 7‘45c. for September.
Raw
sugars have been dull and close lower at 4^@4^c. for fair to
good refining, and refined crushed is quoted at 6i<j@6;^c.
Molasses has further declined, and a cargo of Cuba for Boston
sold at 2OL4C. for 50-deg. test. The speculation in teas has
been quite dull, but to-day 15,000 lb3. standard
Japans sold at
24%c. for May, with only 237ac. bid for April, against 24c.
last Friday. Rice is quiet.
The speculation in crude petroleum certificates has been
much less active, giving latterly a downward turn to
values,
and the close this afternoon is at
Crude in barrels quoted
at 7@7]^c.; refined in barrels for
export, 7/30., and incases,
8]^@10)^c.; naphtha, 7c. The speculation in spirits turpen¬
tine was duil till towards the close, when there was a revival
of activity
encouraged by the small stocks in the country.
To-day the sales embraced 400 barrels for March and April at
81c. Rosins continue dull at $1 20(3) $1 25 for strained.
J^The
demand for wool has somewhat improved, linseed oil is
more active at full
prices. Hops are lower.
Metals have been generally dull, but block tin has shown an
improving tendency. At to-day’s Exchange iron was dull and
unchanged at $16 25@$17. Tin firm, closing still stronger
though quiet at 17@17‘20c.; 10 tons spot sold at 17*10c. Tin
plate nominal—$4 40 asked. Copper quiet and weaker at lO’TO
@llc. Lead neglected.
Spelter steady at 4)^@4*35c. for
domestic.

W.Point,&c.
New York...

Boston

Baltimore

Total

were

Ocean

freights have been more acti ve, especially in the mat¬
grain shipments, stimulated by the war-like news, but
the close is quiet. Late engagements include oats to London
at 2s. 61
per quarter; wheat to Leith and London, 4341 P9r
bush.; grain to Liverpool quoted 3d.; steamers from Baltimore
to Cork for orders at 33.
9d.@43. Petroleum charters include
refined to Naples, 3s. Id.; cases to Java, 27@28c.; refined to
Hamburg, 2s. l^’-L
'
ter of




•

...

Philadel’a.&c

65

3,987
1,359
2,703
1,675
1,120
1,515

9,572
529,636
269,923
55,833
76,064
25,808
35,882

42,581 4,489,481

75

12,217

6,460
1,945

550,593

16,664

211,633
93,665
141,379
19,683
20,399

418

343,821
6,310
16,223
10,303

341,980
7,410

49,876 4,485,924

736,103

840,472

1,208

5,123
31

2,156

18,715

14,885
16,560

In order that

comparison may be made with other years,
give below the totals at leading ports for six seasons.
Receipts at—

1885.

1884.

1883.

1882.

Galvost’n,&o.

1,717

5,056

15,178

New Orleans.

22,184

13,752

41,264

715

2,567
3,396
4,653

2,817
10,850
9,602
1,935
16,276
13,259

Mobile

Savannah....

Cliarl’st’n, &c
Wilm’gt’n,&c
Norfolk, &o..

1,992
1,911
391

713

All others....

5,346
8,325

8,405
11,334

Tot. this w’k.

42,581

49,876

111,181

1881.

we

1880.

4,476
9,063
4,073
9,395
6,239
1,610
12,103
9,960

922

563

13,694
13,833

9,581
5,940

57,454

108,200

49,611

12,611
42,447
5,562
10,186
8,945

4,396

17,837
3,337

5,368
2,589

Since

Sept. 1. 4489,481 4485,92 4 5137,721 4174,689 4913,420 4394,250
Galveston includes ludianola; Charleston includes Port
Boyal, &o..
Wilmington includes Morehead City, &c.; Norfolk includes West
Point,&o(
The exports for the week ending this
evening
reach a total
of 68,857 bales, of which
47,235 were to Great Britain, 7,901
to France and 13,721 to the rest of the
Continent, while the
stocks as made up this evening are now
736,103 bales. Below
are

the exports for the week and since
Week Ending March 13.

Exported to—
Great
Brit'n. France

Galveston

......

New Orleans..
Mobile

11,910

6,801

Total

nent.

Week.

......

7,958

2,423

Florida

......

26,669
2,423

Charleston*...

2,409
4,392

Wilmington...

1,700

Norfolkt

1,575
......

......

3,273

New York

14,149

Rnstnn
.

Philadelp’a, Ac

1,100

4,695
2,103

3,858
330

From Sept. 1,1884, to Mcli. 13,1885.
Exported to—
Great
Britain. France

7,470
145,599
585,813 250,123
89,602

S’SSO

••••••

Savannah

Baltimore...

Conti-

September 1, 1884.

3,981
4,392
1,700
3,273
19,107
4,695
2,433

181

181

178,375
161,142
51,197
301,826
312,981

•

•

•

•

nent.

11,699
22,259
6,375
32,399

700

40,302

198,206
148,710
14,040

389,280
332,111
65,237

25,670

333,871

3^585

124’068
418

3,050

Total.

60,439
213,508
278,426 1,114,362

•

94,345

107,929
43,982

Conti-

36,930
4,787

469A51

94,763
147,909
48,769

Total

47,235

7,901

13,721

68,857 2,026,379 333,375

892,391 3,252,148

Total 1883-84

61,829

10,957

20,861

93.647i 1,989.685 388,504

768.217 3,146,406

*

Includes exports from Port Royal, &c.
t Includes exports from West Point, Ac,

to-night also give
shipboard, not cleared,

In addition to above exports, our telegrams
us the following amounts of cotton on
at the ports named.

for New York,

We add similar figures

which are prepared for our special
& Lambert, 89 Broad Street.

Great
B/ ilain.

Ft'ance.

21.299
2,700
800

New Orleans....

Mobile
Charleston
Savannah
Galveston
Norfolk
New York
Other ports

None.

8,108
6,318
8,800

3,500

Total 1885.
Total 1884

Other

Foreign

Coast¬
wise.

OD

to©
< 2.

1,614

41,334

None.
None.
None.
None.
None.
300
None.

None.

2,500

3,000

1,000

5,200
4.800

1,351

®
®

ca

a!

®

®

*0

11,689
21,106
16,289

10,138

M

716

7 534

9,180

15,900
5,000

327.921

tv

6,800
1,500

None.
None.

29.345

01
00

52,025

11,781

23,361

6,839

94,006

45,957

11,726

28.267

13.470
9,31»

99,420
160.522

741,052
726,023

63.939

speculation in cotton for future delivery at this market
has been fairly active for the week under review, but there
has been a sharp decline in prices, due almost entirely to the
apprehensions of an outbreak of hostilities between Great
Britain and Russia, and their effect in Liverpool and Manches¬
ter, and upon the price of British consols. Last Saturday the
market showed increased strength, the elfect of renewed spec*
ulation, but there was a decided decline on Monday and a very
sharp reduction on Wednesday. The lateness of the planting
season caused some effort to sustain the next crop, but it had
no effect on Wednesday.
The movement of the crop continued
to show a reduction, but the deliveries at this market on March
contracts continued very large, as was noted last week. Yes¬
terday there was much excitement; a sharp decline was fol¬
The

then the failure of Von Gundell &
Mayhoff was announced, when a fresh decline took place, and
the close was barely steady. To-day an advance in Liverpool,
higher consols, a smaller crop movement and reduced stocks
caused a sharp reaction, in which the decline of yesterday
was recovered, but for the week there is a loss for this cropof 13@19 points.
Cotton on the spot declined l-16c. on Tues¬
day, again on Wednesday and again on Thursday. To-day
the market is steadier but quiet; middling uplands 11 3-10c.
The total sales for forward delivery for the week are 513,200
bales. For immediate delivery the total sales foot up this week
1,045 bales, including — for export, 1,017 for consumption,
28 for speculation and — in transit. Of the above, — bales
The following are the official quotations for
were to arrive.

Sat.

Ordin’y.^lb

SPa

•

a

week.
TEXAS

NEW ORLEANS.

|

Sat.

Moil Tues

Sat.

Moil Tue»

cm

,

Strict Ord.. 99ie
Good Ord.. lPSg
Str. G’d Ord 1034
Low Midd’g 11*18
Str.L’w Miu 11*4
Middling... 1138

Good Mid
lly16
Str. G’d Mid 1134
Midd’g Fair 121a
1234
Fair
.

1034

11*18
nq
11 3ft

llyi8
"4

12^
1234

9L3

913i6

AVed

Fri.

Wedj XL.
Ordin’y.$ ib
Strict Ord..

938

9*3„.

Ul5y

lOSg

11
1 lo,6
11 *2

11

115,0

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123s

125,0

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9q

9316

93m

9*4

93,0

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95g

95g

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10;>l6
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1078
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103 iff

10*S

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11*4
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1

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11716
n*s
25g

1278

! Sat. j

STAINED.

lb. i

Good Ordinary ...
Strict Good Ordinary

;

1

Middling

Middling....

.

834
9‘ifi
10*4

I 107s

107,6 107,0 10*2
10*3,0 10*3,0 1078
ills
ll*g
113,0
11 °16 115,0 113b
H716 l*7m 11*2
11 ®8
11*8
lll*m
1113m 11*310 11 70
123,0 12*4
121m 1213,0 I27s
M011 TuesWed

834

97m
10*4

1078

S**16|

858

| -93,0

938

103,0 | 10*8
10*3,01 1034

107,„

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Total.

Til.

Fri.

89m

89,0

9*4
10i,r.




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eries.

65

250

163,200

6,800
7.800
6.400
5,900
3.400

120,000; 2.800

1,045 515,200 33,100

Total

actually

delivered

the

day

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previous to ttiat cn which they are

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158,2ot); Septemfor November*
September-December, for December, 967.800; Beptembet-

Includes sales in September, 1884, for September,
ber-October, lor October, 421,800; September-Noveraber,
*

582,200;

.

deliveries given above are

Sv^

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©

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5

MM

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'
Sat.. Dull
Dull but steady.
Mon
Tues. Quiet at Lb dec..
Wed
Q’t & st’y,*m dec
Thurs Weak at i l6 deeJ
Firm
Fri

The daily

—

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TRANSIT.

Tran-]
sit. j

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o

Oi Oi
WM

1150

115s

closed on same days.

port, sump uL’t'n

l

950
107,0
ins

-

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93,0

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

SPOT MARKET
CLOSED.

m-j

1

The total sales

SALES OF SPOT AND

I a to:
i—l- to©©0©
M

0

MARKET AND SALES.

glance how the market

OI

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11*16
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1 ly 16 ;liyic 1 176
11 loI6 11 b>i0 12*4

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UPLANDS.
March 7 to
March 13.

cn

W

lo

lowed by some recovery;

each day of the past

•

W

GO

§

:

,

:
:

80 ct

•

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80

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.

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0

206.041
20 576

1.100

300
679

800

ft-.

Stock.

9,910

&

®

Leaving

Tl

00

"'Wf!

§2gf §2®l
o2|!
®* P

Gha acH
c

the daily and total sales.

bids, in addition to

the closing

®

Total.

follow¬

found the
daily market, the prices of sales for each month each day, and
®

11.481

18,266

The Sales and Prices of Futures are shown by the
ing comprehensive table. In the statement will be

&

642,097

68.976

Total 1883

by Messrs. Carey, Yale

Shipboard, not cleared—for

On

March 13, at—

use

[VOL. XL.

CHRONICLE

THE

340

February,

January, for January, 2,114,100; September-February, for
1,95b,200.
We have included in the above table, and shall continue each
week to .give, the average price of futures each day for each month.
will be found under eacli day .ollowing the abbreviation “ Aver. * The
average for eacli month for oe week is also given at bottom of table.

It

Tuesday,
ll*25o.

Transferable Orders-Saturday, ll*40c.; Monday, 1135c.;
ll*30c.; Wednesday, ll-25c.; Thursday, il*l5o.; Friday,
Short Notices for March—Wednesday, ll'26c.

during the week:

The following exchanges have been made
•20 pd. to exch. 200 Mar. for June.
exch. 100 May for Juno
•11 pd. to exch. 100 May for June.
•T2 pd. to exch. 100 April for May.
•23 pd. to excli. 200 April for June.
*11 pd. to exch. 300 May for Juno.
•22 pd. to excli. 500 April for June.
Even 100 March for April.
•15 pd. to exch.-20.0 Dec. for Oct.
•11 pd. to

March 14,

THE CHRONICLE

1885.]

The Visible Supply of Cotton to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat, are this week’s returns,
and consequently all the European figures are brought dowr
to Thursday evening.
But to make the totals the complete
figures for to-night (Mch. 13), we add the item of exports from
the United States, including in it the exports of Friday only.
1885.

Stock at Liverpool

bales.

1883.

1884.

1^-2.

990,000 1,046,500
34,000
62,000

920,000
68.300

757,000
57,000

Total Great Britain stock .1,024,000 1,108,500
Stock at Hamburg
4,000
'
7,600
Stock at Bremen
50,400
69,300
Stock at Amsterdam
52,000
54,000
500
Stock at Rotterdam
1,600
Stock at Antwerp
2,300
1,000
Stock at Havre
210,000
213,000
6,000
Stock at Marseilles
5,000
Stock at Barcelona
55,000
81,000
Stock at Genoa
5,000
13,000
Stock at Trieste
5,000
5,000

988,300
3,200
40,200

814,000

Stock at London

Total Continental stocks

420,500

33,100
19,600

900

287
1.400

125,000

137,000

4,300

4.700

2,320
43,500
7,000
2,388

271,000

248,995

2,000

55,000
8.700

419,600

bales less than at tbe

same period last year.
The receipts at
the same towns have been 23,073 bales less than the same
week last year, and since September 1 the receipts at all the
towns are 119,235 bales less than for the same time in 1883-84.

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

day of the past week.
Week

CLOSING QUOTATIONS FOR MIDDLING COTTON ON—

ending

Satur.

2.400

27,000

Galveston
New Orleans.
Mobile
...

14,000

15,000

736,103

..

Total visible supply

167,256

42,000
840,472
170,209

26,009

Egypt,Brazil,&c.,attt for E’r’pe

Stock in United States ports
Stock in U. S. interior towns..
United States exports to-day..

46,000
920,484
252,673

42,000
886,545
267,608
22,400

16,500

2,794,859 3,197,781 3,313,853 2,967,652

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

Liverpool stock.
Continental stocks

bales

American afloat for Europe...
United States stock
United States interior stocks..
United States exports to-day..
Total American
East Indian, Brazil, die.—

767.000
312,000

768,000

658,000

321,000

137,000

279,000

377,000

736,103
167,256
14,000

840,472
1 70,209
15,000

587,009
886,545

2 ,275,359

Egypt, Brazil, <teo., afloat

267,6l»8
22,400

16,500

84.000

215,000
57,000
103,995

244,000
42,000

303,000
46,000

262,000
68,300

278,500
62,000
98.600

225,000
42,000

Total visible supply
2 .794,859 3 1,197,781 3,313,853 2,967.652
5 Sad.
Price Mid. Upl., Liverpool—
578d.
6I1ie'i.
5i516d. *

The

imports into Continental ports this week have been
31,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 402,922 bales as compared with the same date of
1884, a decrease of 518,994 bales as compared with the corres¬
ponding date of 1883 and a decrease of 172,793 bales as
compared with 1882.
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1883-84—is set out in detail in the following statement
H
o

e+

l&sr.Sf-!
ogwgc-S-g
«?,J 2*3

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<—<JM©

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Boston

Baltimore....

1114

11%

Philadelphia.
Augusta
Memphis

115a

11%
115s

11
1138
ll;i to

10%

10%

10%

10%

lojia
10®

I07ifl
10»16

10716
109,6

10716

10%

10%

105a

1058

10%
I05g

P c p 00 torf* 050 OC O’-1 © 05 4* -1 to QC 00^
►— c: ©i-* C5 Viob'xio o o,'coo5 a -i *o«
<-•

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©*4&^|Mt0C0C0M©

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lOWtOj-*

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MM

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H*.

WM

M to O’Vi O’
©05
WO’©W©©X^-XXtOX90MX-4XW©
toaoow — O’©x-i0J’^-wit*©wMO’tox

X

Q0»

• a—

M

tOMiP*^;
O’to ©on to onx
O’ O’© ©ioO’ •
^if*©X35©<lX

tox

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|

£

23

M

5.

j p*
>
•

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.

Thisyear’d tigures estimated.

The above totals show that the old interior stocks have
decreasedr-ring the week 17,112 bales, and are to-night 2,953




30%
10%
105a

107a

113a
11%
11%
10%

11%
11%

11716

10%

10%
10%
103a
10%

105s

10%

107l6
107la

following table is
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are some¬
times misleading, as they are made up more largeiy one year
than another at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following. In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts
or Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
RECEIPTS FROM PLANTATIONS.

Week

Dec. 26

2

“

9

*

16

“

23

“

30

Feb.

6

“

13

“

20

“

27

Towns)Rec'pts from PlanVns.

Receipts at the Ports. St'kat Interior

Ending—

’82-’S3.

[ ’83-’84. j ’84-’85.

’82-’83-1 ’83-’84. ’84-’85. j ’82-’83.{ ’83-’84. j’84-’85.

251,923 201,686 207,893 37P,855j422,310 363,520 294,785 200,419 297,547
224,997 140,612 154,075 3S3,647 407,974 349,488 228,789 126,278 140,043

175,3821

90,245 133,994 380,248 889,898

320,7851171,983 72.169' 105,291

304,859'138,109

150,300 110,467 130,951 j807,967,36 >,715
136,400 104.533
298,080 119.182
171,316,112,110 75,295 347,523 299,754 280,872'168,090
165,869 111,481 89.785'343.584 282,475 271,790 101,929
140,130 105,921 68,621 326,796 208,069 250,045 129,342
134,443' 65,013 54,324 321,424 254,450 234,231 120,070

93,9111350,7491330,900

135,8211

81,284 115,025
74,718 87,132
80,964
94,202
01,515
51,394

58.087
80,703
52.876
32,510

76,487 50,312 308,417 227,265 216,482 122,314 49,302 32,563

124,826, 69,720 56.866 304,621 205,477 199,179 121,030 46,932 39,563
18...... 111,881- 49,876 42.5811297,173 184,414 181.132 103.733' 28.8131 24.534

Mch. 6
**

The above statement shows—1. That the total receipts from
the plantations since September 1, 1884, were 4,653,393 bales;
in 1883-84 were 4,621,182 bales; in 1882-83 were 5,418,409 bales.

2.—That, although the receipts at the outports the past week
42.581 bales, the actual movement from plantations wa3
24,534 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 28,813 bales and for 1883 they were
were

sight March 13

Northern spinners’
March 13

1883-84.

| 1881-92.

1882-83.

163,917

135,258

280,688

239,968

4,621,182 5,41*.409 4,413,657
461,070

526,556

190,000

2t 0.000

155,000

5,335,180 5,272,252 6,141,965 4,922.012

takings to

1,099.690 1.157,659 1,356.761 1,250.111

tbe above that tbe increase iu amount in sight
compared with last year, Is 62,928 bales, the decrease
1882-83 is 809,785 bales, and the increase over 1881-62 is 413,163

will bo seen by
as

Galveston

ftp

© X O © OI X © X to X O’ O’ on <-•

to CJI oi -J C

O0<|

H®18

10»316

1078

Telegraph.—Lower temperature

considerable portion of the South during a part of %h$»
week has hindered farm work, and in consequence planting,
operations are further delayed.

H3
5?

fa

m

WHCOMWHW

QDlbiJClMHHM

*

oo

1138

IOUiq

Receipts from the Plantations.—The

Weather Reports by

MMX©00«<1cO

O’ 05 OO O’ -4 C. CB

^

is

10Wlfi
v

over a

.

^JO’C^XO’MM
M X o M ip* CO

O’

10%
107a

078

bales.

II sA

(3

tOMftce

M

<1

10%
1078

11
1138

from

b«k>V©'b’MX

toto.

—Li—i—:

1

101316

It

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n
113a

to-night,

M

.
M
t3 K>
0DOC5C0|^.C5ClH.I-*®t^O05 00e-400-J05 I
©t0W©O«O»*4©'©«M©MMW©C0tvM

s-i

11

Tot. receipts from plauta’tns 4,653,398
501,782
Net overland to March 1
180,0u0
8outhem consnmpt’n to Mcli.l

MS

w_mwMj-mw

wx;

M

won CO CO Ip.

10516

Interior stooks on Mch. 13 iu
excess of September 1

1

bo HO X tO

103a

Receipts at the ports to Mch.13 4,489.481 4,485,924 5,137,721 4,174,689

00 M M CO M O’ hO

©

CO

m O’

I07la
1078

10916

i-1

x:

o’ ©

107lQ
1078

1884-85.

-v.es

M«4©COXXtOO’MXMiO©X©XO»XCO

-4 fO O CO O’ o* to

107lQ
I07g

1013lrt

Total in
cn m

10%

107!S
1078

107ie

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

&

—

OiMXXMW©M<J©M-4WtCWXtO-lW

M©

to

1058

10%

to them the net overland movement to

p.

OT

MHvlOO
© to X X <1 to CO X © -J

tox ©

1 ‘hi 16

we

QD

tO©
XW>-tO
© M O’ CO CO O' ©

M'

to to

10UiQ
10%

Amount of Cotton in Sight March 13.—In the table below

3

O85

—

z

10Ji16
10ig

Norfolk

Louisville....

Fin.

I0i he

Wilmington..

St. Louis
Cincinnati...

Thurs.

103,733 bales.

H

te

©£■

ra
P

©To'It*
MMX — if* tC 03
,<l r* tO © © X O’

P

P

•

M

2-0

m

O

g..
ss. a
P.
•

w

5 3 § 55
Irsega pss'ns-i- Pc*
© c; ©

»~oq
sc p

25

H'

P

Wednes.

1078®11

Jan.

7< >5,300
724,995
706,100
2, ,275,359 2 ,491,681 2,608,553 2,242,657

519.500

Total East Iudia, &o
Total American

Taes.

lCMa

25,491,681 2,608,553 2,242,657

223,000
34,000
108,500
128,000
26,000

Liverpool stock
London stock
Continental stocks
India afloat for Europe

542,000
145,000
366,000
929,484
252,673

Ifon.

Savannah...
Charleston..

....

Total European stocks
1.444,500 1,523,100 1,259,300 1,062,995
India cotton afloat for Europe. 128,000
303,000
249,000
225,000
Amer’n cott’n afloat for Eur’pe 279,000
587,000
366,000
377,000

841

Texas.—We have had one light shower during

the week, the rainfall reaching two hundredths of an inch.
The theimometer has averaged 62, the highest being 72 and
the lowest 52.

tndianola, Texas.—We have had drizzles

on two

days, and

the remainder of the week has been pleasant. The rainfall
reached two hundredths of an inch. Corn planting continues,

and cotton planting has begun. The thermometer has aver¬
aged 64, ranging from 51 to 77.
Palestine, Texas— It has been showery on two days of the
week, the rainfall reaching forty-five hundredths of an inch.
Farmers are busy planting corn and plowing for cotton.
The
railroad strike hinders business. The thermometer has ranged
from 39 to 73, averaging 57.
New Orleans, Louisiana..— We have had rain on one day of
tbe week, the rainfall reaching three hundredths of an inch.
The thermometer has averaged 58. -

[”Vol, XL,

THE CHRONICLE.

342

881

Shreveport, Louisiana.—During the week the rainfall
reached thirty-seven hundredths of an inch. Average ther¬
mometer 55, highest 79 and. lowest 36 ’8.
Meridian Mississippi.—Ice formed on three nights of the
week. The weather has been too cold for the season, and it

planting later than usual.
Columbus,
Mississippi.—The weather has been too
cold. It has rained on two days of the week, the rainfall
reaching forty hundredths of an inch. Average thermometer
55,- highest 70 and lowest 24.
Leland, Mississippi.—The weather was cloudy and threat¬
ening on the 11th and 12th. . The thermometer has averaged
60, the highest being 81 and the lowest 25.
Little Rock, Arkansas.—We have had two cloudy days,
with light rain on each, and the remainder of the week has
been clear and spring-like. The rainfall reached seventy-seven
hundredths of an inch. The thermometer has averaged 51,
ranging from 28 to 74.
Helena, Arkansas.—It has rained on two days, and the
remainder of the week has been pleasant. The rainfall
reached fifty-three hundredths of an inch. The thermometer
has ranged from 28 to 76, averaging 51.
Memphis, Tennessee.—We had light snow on Saturday and
Sunday mornings. It has rained on three days, and is now
threatening rain. The rainfall reached one inch and sixtytwo hundredths. The thermomrter has averaged 49, the high¬
est being 70 and the lowrest 29.
Nashville, Tennessee.—It has rained on two days of the
week, the rainfall reaching eighty-t-wo hundredths of an inch.
Of the receipts this w-eek 486 bales were from Montgomery.
The thermometer has averaged 43, ranging from 22 to 69.
Mobile, Alabama.—It has been showery on one day of the
week, the rainfall reaching one hundredth of an inch. The
thermometer has ranged from 30 to 70, averaging 51.
Montgomery, Alabama.—It has rained on one day of the
week, the rainfall reaching five hundredths of an inch. There
have been four killing frosts and one light frost.
The ther¬
mometer has ranged from 24 to 50.
Selma, Alabama.—We have had rain on two days and the
balance of the week has been pleasant. The rainfall reached
seventy-five hundredths of an inch. The thermometer has
averaged 50, the highest being 72 and the lowest 28.
Auburn, Alabama.—It has rained slightly on one day of the
week, the rainfall reaching forty-five hundredths of an inch.
There have been killing frosts on three nights. The ther¬
mometer has averaged 48, ranging from 26 to 71.
Madison, Florida.—We have had no rain all the week.
The thermometer has ranged from 33 to 72, averaging 52.
Macon, Georgia.—There has been no rain all the week.
Average thermometer 40, highest 71 and the lowest 26.
Columbus, Georgia.—We had a severe hail storm on Thurs¬
day night. The rainfall reached fifty-one hundredths of an
inch.
The thermometer has averaged 46, the highest being 60
will make

and the lowest 30.

Savannah, Georgia.—It has rained on one day and the
remainder of the week has been pleasant. The rainfall reached
six hundredths of an inch.
The thermometer has averaged
57, ranging from 33 to 71.

Augusta, Georgia.—The weather has been clear and pleas¬
ant during the week, with one light sprinkle.
Planters are

busy preparing land for putting in cotton. The thermom¬
eter has ranged from 28 to 74, averaging 49.
Atlanta, Georgia.—Telegram not received.
Charleston, South Carolina.—We have had no rain all the
week. The thermometer has averaged 50, the highest being 66

BOMBAY RECEIPTS

Great

BriVn.

This

Conti¬
nent.

Great

Conti¬
nent.

Receipts.

Sftipmeni* since Jan. 1.

Shipments this week•

Year

YEARS.

AND SHIPMENTS FOR FOUR

Total. Britain

Total.

5,000 11,000 16,000 42,000 125,000
6,000 12,000 18,000 134,000 172,000
1383 26,000 33,000 59,000 129,000 227,000
1882 30,000 11,000 41,000 253,000 141,000

1885
1884

Since
Jan. 1.

Week.

262,000
442,000
536,000

25,000

167,000
306,000
356,000
394,000

48,000
72,000
59,000

514,000

foregoing,* Bombay appears to show a

According to the

compared with last year in the week’s receipts of
23,000 bales, and a decrease in shipments of 2,000 bales, and
the shipments since January 1 shew a decrease of 139,000 bales.
The movement at Calcutta Madras and other India ports for
the last reported week and since the 1st of January, for two
years, has been as follows.
“Other ports” cover Ceylon,
Tuticorin, Kurrachee and Coconada.
decrease

Shipments since January 1.

Shipments for the week.
Conti¬

Great
Britain.

Calcutta—
1885

Great
Britain.

Total.

nent.

6.000

21,700

7,000

39,000

500

500

3,600
7,500

2,000

2,000

11,5C0
10,000

8,000
7,500

36,800
56,500

2,500
1,000

3,500
6,000

Madras1885

1884
All others—
1885
1884

Total all1885
1884

2,500
1,000

5.500
6.500

Total.

Continent.

28,900
54,000

7,200

15,000

,

3,600
7,500
13,500

2,000

10,000
9,200

46,000

15.000

71,500

the movement from
bales more than same

The above totals for the week show that
the ports other than Bombay is 500
week last year. For the whole of India,

therefore, the total

1, 1885, and for the corresponding
periods of the two previous years, are as follows:

shipments since January

EXPORTS TO EUROPE

FROM ALL INDIA.
1881.

1885.

Shipments
alt Europe
from—

Bombay

16,000

167,000

18,000

306,000

8,000*

46,000

7,500

71,500

24,000

213,000

25,500

377,500

All other ports.

Total

Since
Jan. 1.

This
week.

Since
Jan. 1.

This
week.

to

1883.

,

This
week.

Since
Jan. 1.

59,000
5,700

356,000
65,500

64,700! 421,500

of

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

Alexandria Receipts and Shipments.—1Through arrange
ments we have made with Messrs. Davies, Benachi &

Co., of

receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
the receipts and shipments for the past week and for the

Liverpool and Alexandria, we now
are

corresponding week of the previous two years.
Alexandria, Egypt,

Receipts (cantars*)—

Since
This
week. Sept. 1.

Exports (bales)—
jlo Liverpool
To Continent

....

14,000
2,180,000

12,000

50,000
3,198,000

This week....
Since Sept. 1

1382-83.

1883-81.

1884-35.

March 11.

2,573,000
This

Since

week.

Sept. 1.

Since

This
week.

Sept. 1.

7,000 273.000
11,000 141,000

6,000 216,000
3,000 103,000

4,000 210,000
3,000 71,000

18,COO .414,000

9,000 319,000

7,000 281,000

and the lowest 34.

received.
*A. cantar i3 98 lbs.
Stateburg, South Carolina.—It has rained very lightly on
This statement shows that the receipts for the week ending
one day of the week, the rainfall reaching only one hundredth
March 11 were 50,000 cantars and the shipments to ail Europe
of an inch.
Ice formed on three nights of the week. The
18,000 bales.
thermometer has ranged from 28 to 66, averaging 48*2.
Manchester Market.—Our report received from Manchester
Wilson, North Carolina.—We had rain on two days in
the early part of the week, but the latter portion has been to-night states that the market is flat with quotations slightly
clear and pleasant.
The rainfall reached twenty-eight hun¬ lower. We give the prices for to-day below, and leave pre¬
dredths of an inch.
Average thermometer 47, highest 60 and vious weeks’ price for comparison.
Columbia, South Carolina.—Telegram not

lowest 30.
The following

showing the height of the rivers at the points named at 3 o’clock
Mai ch 12, 1885, and March 13, 1884.
)lch. J2, '85. Uch. 13/84.

New Orleans

Below high-water mark

Memphis

Above low-water mark.

Feet.
G
19

Nashville

Above low-water mark.

7

Shreveport
Vicksburg

Above low-water mark.
Above low-water mark.

19
24

Feet.

Inch,

1
6
1
O

0
32

4

45

0
2
6
0
11

Inch.

47
25

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

India

Cotton

Movement

from

all

Ports.

—

We have

1883-84.

1884-85.

statement we have also received by telegraph,
32j

Cop.

Twist.
d.
d. a.
Jan. 9 S7nv® 9iie 5
“
5
16 8% @ 9
“
5
23 85ie—
“
30 8oi6-8lbi6 5
Feb. 6, ^5ie—S15ie 5
“
13 8016281^16 5
“
5
20 8*4 ©87e
“
27 8*4 © 878 5
Mcli. 6 8*4 ® 878 5
“
13 3*4 © 834 5

CotVn

8*4 lbs.

Mid.

Shirtings.
e.

d

7*2®7
7*2®7
7*2®7

0

d.

7
7
7
6
6
6

5

0

0

©6 10*2
©6 10*2

<0610*2
©6 9*2
©6 9*2
©6 9*2
©« 9

TJplis
d.

325 Cop.
hoist.
d.

* d.

s.

8*4 lbs.

CotVn
Mid.

Shirtings.

Xfplds

d.

8*2 ib
8*2 a
8*2 ft
6
8*2 ©
8*2 ©
6*8
6*16 8*2 ft
5*°ia' 8*2 ©

6
6
6

New York Cotton Exchange.—A
bers of the Exchange on Thursday, 19th

9

9
9
9
9
9
9

5
5
5
5
5
5
5

8.

©7
©7
©7
5*2®7
7 ©7
7 ©7
7 ©7
7 ©7
6*2®7
7 ©7

5 7
5*516 8*2 © 9
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578
5 10
51516 8*2 © 9

d.
1
2*2
2*2

d.

5*b16
51516
578

1
2*2

5L516

2*2
2*g
2*2

513l6
513I6

2*2
2*2

578

578
578
578

meeting of the mem¬

inst., has been called

by the Board of Managers to consider the following proposed
amendments of the by-laws, namely: To. strike out the 5th

section 96,

to make our reports more paragraph, page 76 of Article IX., “Commission, ”
detailed and at the same time more accurate. We had found and also to strike out sub-division (d), Title III. of section 29,
it impossible to keep out of our figures, as cabled to us for the “Suspension and Expulsion.*’ It will be interesting to learn the views of those who are in
ports other than Bombay, cargoes which proved only to be
shipments from one India port to another. The plan now favor of or opposed to the amendments* The probable result
followed relieves us from the danger of this inaccuracy and of the meeting will be to refer the question to a general vote,
keeps the totals correct. We first give the Bombay statement when a two-thirds majority is required to carry the proposed
for the week and year, bringing the figures down to March 12. change into effect.
,
... &

re-arranged




our

India service

so as

„

*5

March 14,

THE CHRONICLE.

1885.]

European Cotton Consumption

313

March 1.—We have

consumption, and stocks do not show any material increase.
There is a steady tone to be noted, and sellers are not willing
to accept less than quoted figures, though a buyer of a large
parcel might obtain a concession. At the close the asking
been received and are given for comparison.
The takings by figures are 9c. for % lb., 9f£c. for 1% lb., 10}±c. for 2 lb. and
11c. for standard grades.
Butts are in moderate demand, and
spinners, in actual bales and pounds, have been as follows:
the market is steady.
There have been some arrivals since
our last, but most of these had been xolaced previously.
Continent.
From Oct. 1 to March 1.
Total.
; Great Britain.
On
paper grades are quoted at 1 ll-16c.@l:\£c., while bagging
spot
For 1884-85.
qualities are held at 2c.@2%c., as to quantity.
to

received to-day, by cable, Mr. Ellison’s cotton figures, brought
down to March 1. The revised totals for last year have also

Takings by spinners.. .bales
Average weight of bales....
Takings in pounds

1,619,000:

1,480,000

3,099,000

444!

436

440

718,936,000!

645,280,000 1,364,216,000

For 1883-84.

Takings by spinners.. .bales
Average weight of bales....
Takings in pounds

1,622,000!

1,330,000

2,952,000

4311

436

433

699,082.0001

580,128,000 1,279,210.000

According to the above, the average weight of the deliveries
pounds per bale to March 1 this season,
against 431 pounds during the same time last season. The
Continental deliveries average 436 pounds, against 436 pounds
last year, and for the whole of Europe the deliveries average
440 pounds per bale, against 433 pounds last season.
Our
dispatch also gives the full movement for this year and last
year in bales of 400 pounds each.

Comparative Port Receipts and Daily Crop Movement.
—A comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same day of
the month. We have consequently added to our other standing

tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
for
the years named.
movement
The movement since
September 1, 1884, and in previous years, has been as follows:

in Great Britain is 444

_

Tear Beginning September 1.

Monthly
Receipts.

1884-85.

Bales of 400 lbs. each,
000s omitted.

Great

Conti¬

Britain.

nent.

89,
409,

152,
233,

supply
Consump. Oct., 5 wks.

498,
360,

385,

Spinners’ stock Nov. 1
Takings in November.

1883-84.

.

Conti¬
nent.

241,
642,

124,
372,

401,
199,

525,
571,

325,

883,
685,

496,
360,

600,
325,

1,096,
685,

138,
403,

60,
314,

193,
717,

136,
337,

275,
312,

401,
649,

Total supply
Consump. Nov., 4 wks.

541,
288,

374,
260,

915,
548,

!

473,
288,

587,
260,

1,060,
548,

Bpinners’ stock Dee. 1
Takings in December.

253,
331,

114,
415,

367,

!

135,

327,

584,

529,

288,

260,

1,113
518,

Total

;

!
•

Total.

receipts Feb. 28..

Total

supply
Consump. Dec., 4 wks.

746,

!

296,
376,

269,
340,

565,

supply
Consump. Jan., 5 wks.

672,
360,

609,

1,231,

325,

Spinners’ stock Feb. 1
Takings in February.

312,

278,

284,
311,

supply—..
Consump. Feb., 4 wks.

590,
288,

595,
260,

Spinners’ stock Mar. 1

302.

335,

Spinners’ stock Jan. 1
Takings in January..
Total

Total

248,

301,

512,
549,

433,
2S3,

628,
260,

1,061,
543,

145,
414,

403,

513,
847,

685,

539,
340,

771,
325,

1,360,
665,

596,
589, "

219,
346,

44G,

695,
581,

595,
272,

631,
2G0,

1,276,

323,

421,

744,

1

716,

:

|
I

1,185,
548,

j

637.

!

36S,

235,

385,933

595,598

532,

89*75

429,777
458,478
853,195
963,31S
974,043 1,006,501

333,643
838,492
942,272

996,807 1,020,802
487,727
571,701
291,992
572,729

956,464
647,140
447,918

85-45

80-78

This statement shows that up to

84-28

73-28

Feb. 28 the receipts at the

ports this year were 45,897 bales more than in 1883-81 and
463,487 bales les3 than at the same time in 1832-93. By adding
to the above totals to

February 28 the daily receipts since
an exact comparison of

that time, we shall be able to reach
the movement for the different years:
1884-85.

1883-34.

1882-33.

1881-82.

1879-80.

1880-81.

Tot.Fb.23 4,399,411 4,353,604 4,862,898 4,033,541 4,593,528 4,215,929
S.
6,519
20,473
14,5SS
16,279
11,840

Mchil....
“

.

261,449

1879-80.

1880-31.

1.399,411 4,353,604 4,862,898 4,033,541 4,598,528 4,215,929
Perc’tage of tot. port

Great

8pinners’ stock Oct 1.
Takings in October...

1981-32.

Total year

Britain.

Total.

1832-33.

343,812
345,445
326,656
3ept’mb’r
October.. 1,090,385 1,046,092
930,5S4
Sovemb’r 1,122,164 1,030,380 1,094,697
Decemb’r 1,101,211 1,059,653 1,112,536
487,729
752,827
January
475,757

February.
1884-85.

Oct. 1 to March 1.

1883-34.

2....

10.707

S.

24,223

«

3

4....

“

5....
6....

11,144
11,606
8,443
7,494

19,836

“

10,336
6,318
7,148
12,980

“

7....

5,929

18,193

26,858
22,876
16,430

“

8....

S.

8.128

13,081

“

9....

11,136

“

10....
11....

5,139
5,009
4,891

“

“

“

12...

“

13....

10,177

S.

7,625
10,803
6,913
S.

12,465
16,505
22,115
21,006

9.829

S.

8,342
8,610

13,932
8.

13,485
8,582
11,056
6,673
12,038
5,909

7,207

19,421
16,729

S.

19,011
28,150
17,256

10,207

S.

25,695

8.

19,721

12,171
12,432
10,056
13,404

28,948

8.

24,435

16,415

18,576

6.724

10.944

6,711
13,745
7,707

4,489,481 4,474,335 5,077,162 4,133,351 4,827,468 4,352,346

Total

Percentage of total
port rec’pts Mch.l3

92-24

'

8 4-33

87-57

82-17

87-02

This statement shows that the receipts since Sept. 1 up to
striking comparison with last year is reached by to-night are now 15,146 bales more than they were to the same
bringing together the above totals and adding the average day of the month in 1884 and 537,681 bales less than they were
to the same day of the month in 1883.
We add to the table
weekly consumption up to this time for the two years:
the percentages of total port receipts which had been received
to March 13 in each of the years named.
1884-85.
Oct. 1 to March 1.
1883-84.
Shipping News.—The exports of cotton from the United
Bales of 400 lbs. each.
Conti- i
Great
Conti¬
States
the past week, as per latest mail returns, have reached
000s omitted.
Total.
Britain
Britain
nent. ]
nent.
63,665 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
401,
Spinners’ stock Oct. 1.
89,
152, |
241.
124,
525,
the Chronicle last Friday.
With regard to New York we
1,747,
Takings to March 1— 1,797, 1,613, | 3,410,
1,450, 3.197,
include the manifests Of all vessels cleared up to Thursday
Supply
! 1,986,
1,871,
1,851, 3,722, night of this week.
1,765, 3,651,
A

more

1

~

„

„

Coneumpt’n 22 weeks' 1,584,
Spinners’ stock Mch.l

.

r

.

1,430, ! 3.014,

335,

302,

;

1,548,
323,

637,

Weekly Consumption,
005 omitted.

:

j

j 72,0

65,0

137 ,0

In November

!

65.0

137 ,0

In December...

1

72,0
72,0

65,0
65,0
65,0

137 ,0

72,0

137 ,0
137 .0

In

January

In February

72,0
72,0

3,078,

421,

744,

72,0
72,0

137,0
137,0

63,0

65,0
65,0
65,0
65,0

63,0

65.0

133,0

137,0
133.0

We

change last year’s estimate of consumption in Great
Britain, as Mr. Ellison deducts 4,000 bales per week during
January and February, 1884, for diminished consumption,
arising out of the strike in Northeast Lancashire.
Making this change the foregoing shows that the weekly
consumption in Europe is now 137,000 bales of 400 pounds
each, against 133,000 bales of the same weight at the correspondin time last year. The total spinners’ stocks in Great
Britain and on the Continent have increased 41,000 bales
during the month, but are now 107,000 bales less than at the
same

date of last

season.

Jute Butts, Bagging, &c.—The demand for bagging has
been fair for the past week, though the market is not active.
The orders continue to be for the present wants of the trade,
but these are taking a considerable quantity of goods into




Total bales.

NewJYork—To Liverpool, per'stearners City of Richmond, 3,072

.;

.

In October

,

1,430,

Nevada, l,7t.3
Republic, 965
Roman, 5,526
Scythia, 1,027
Spain, 1,79 L
14,149
To Havre, per steamer Canada, 1,1 CO
1,100
To Bremen, per steamers Elbe, 93
Neck.ar, 500
599
To Hamburg, per steamer Bohemia, 803
800
To Antwerp, per steamers Jan Breydel, 729
Westcrnland,

730
To Cronstadt. per stealner Crystal, 1,000
New Orleans—To Liverpool, per steamer Explorer, 3,738
per bark Palestine. 4,722
To Havre, per ship Dora, 3,916
per bark Aqnila. 3,123...
ToRcval, per bark Bay of Fundy, 4,373—Carrie Delap,

3,810
To Cronstadt, per bark Skjoldmoen, 1,420
To Genoa, per bark Ukraiue, 1,407
Charleston—To Liverpool, per barks Lancelield, 2,900 Upland
and €0 Sea Islaud
Ossuua, 2,044 Upland
To Reval, per bark Lovfald, 2,135 Unland
To Norrkoping, per bark Eskedal, 1,200 Upland
To Barcelona, per brig CoDsellor. 9i4
Savannah—To Liverpool, per bark Maid of Ain, 1,497 Upland..
To Reval, per bark Quelle, 1,975
Themis, 1,661..?
To Ilango, per bark Engelbrekt, 1,600 Upland
Galveston—To Cronstadt, per bark Mitbassel, 3,080
To Vera Cruz, per steamer Whitney, 247
Baltimore—To Rotterdam, per steamers Blagdon, 803
Lero,
500
Boston—To Liverpool, per steamers Bulgarian, 616
Norse¬
man, 1,329
Philadelphia—To Liverpool, per steamer British Princess, 1,061

Total

The particulars of
form, are as follows:

1,459

1,000

8,460

7,039

8,213
1,420
1,407
5,604

2,135
1,200

914
1,497
3,636

1,000

3,080
247
1,300
1,945

1,061
68,665

these shipments, arranged in our usu$

THE CHRONICLE

344

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

Rcval,

Gronstadt,
Rotter- Hango

Bremen

5,004

8avannab..

1,497

Galveston
Baltimore
Boston

1,945

1.000
9,633
3 335
4,636
3,030

1,459

1,300

Below

we

otherwise stated.

5

add the clearances this

914 1,107 68,665
247 bales to Vera Cruz,

week of vessels carrying

cotton from United States ports, bringing our data down to
the latest dates:
New Orleans—For Liverpool—March 9- Ship Ryerson, 3,875—March
10—B.irk Euro, 1,869.
For Havre—March 7—Steamer Paris, 6,801.
For Br» men—March 9—Steamer Lnnghirtt, 2,702.
For Antwerp-March 7—Steamer Paris, 47.
For Vera Cruz—March 7—Steamer Estaban

de Autunano, 411.
Mobile—For Liverpool—March 10—Bark Stormy Petrel, 2,423.
Savannah—For Liverpool—March 7 - Bark Eleanor, 2,409.
ForHaugo—March?—Bark Erstatingen, 1,309.
For Genoa—March 7—Bark Giovanni; i, 27a.
Charleston—For Liverpool—March 1L—Bark James Kenway, 4,392.
Wilmington—For Liverpool—March 11—Bark Trio, 1,700.

3—Steamer Virginian, 1,630
March
March 7—Steamer Missouri, 2,26 .
Baltimore—For Liverpool—March 2—Steamer Oraumore, 2o7
March
March 9—Steamer Nessmore, 1,196.
6—Steamer Sussex, 700
For Bremen—Mat ch 11—Steamer Nuruberg, 330.
Philadelphia—For Liverpool— March 11—Steamer Indiana, 181.

8at. Mch. 7.

Jlon., Mch. 9.

Tues., Mch. 10.

Open High Low. Clos.

Open High Low. Clos.

Open High Low. Clos.

d.

d.

d.

d.

d.

d.

d.

d.

d.

d.

0 03

6 03

6 03

6 03

6 03

6 03

6 03

6 00

6 01

6 00

6 01

March-Apr. 6 03

6 03

0 03

6 03

6 03

6 03

6 03

6 03

6 00

601

GOO

6 01

April-May..

0 0?

6 07

6 07

0 07

6 07

6 07

6 07

0 07

6 04

6 05

6 01

605

May- iune..

Oil

6 11

6 11

0 11

6 11

6 11

6 11

6 11

6 08

6 09

6 08

6 09

J une-July..

014

6 14

614

0 14

6 15

6 15

615

6 15

612

6 13

6 12

6 13

July-Aug... 0 18

6 13

rt

18

O 18

6 18

6 18

0 18

618

615

6 10

6 15

6 16

6 21

6 21

6 21

0 21

6 21

6 21

6 21

6 21

018

6 19

618

619

March

4ug.-3ept...
Sept.-Oct...
Oct.-Nov...

•

Nov.-Dee...

....

■

we

steamer. Her passeugors have arrived at Key West.
Neophyte, bark (Br ), Porter, from Mobile Feb. 1 for
ashoie March 4 at Point Ayre, Isle of Man. She is reported

•

V

Dec.-Jan....
Jan.-Feb....

...

....

....

....

....

....

....

....

....

....

....

....

....

....

....

....

.

.

.

..

....

..

.

.

.

• •

*

....

Thurs., Mch. 12.

Open High Low. Clos.

Open High Low. Clos.

the past week have been as follows:
Mon.

Tues.

Wednes

Thurs.

Fri

%*

%*

%*

%*

%*

%‘

sail...(Z.

Do

Havre, steam—c.

...

510’

516*

516*

516’

516*

510*

...»

•

•

.

....

c.
Do
sail
% 2)1332
Bremen, steam..c. %®1332* %@1332* % 3,1330* %2>133o* %2>1332‘
sail
Do
c.
...

...

451

Amst’d’m, steam.c.
Do
sail.-.e.
Do

1304®%* 1564®14

d. 1%4<z>%* 1504 2/%* 1o643>%

fteval, steam
sail

c

45!

...

...

-

...

...

..

**32*

**32*
%

Barcelona, steam, c.

**32*

**32*

**32*

**32*

Genoa, steam—c.
Trieste, steam ..c.

%*

%*

%'

%*

%*

%®9lfl

%29ia'

%2;9e4’

%@**64*

Antwerp, steam..c.
*

f’ompressed.

%^916*
%a%4*

•

%0'91«

%39lft*
% a)\4‘

rH
.«•

..

451

451

45t

451

.

...

...

....

IO

516*

510*

5ie*

51(J*

516*

Hamburg, steam.c.
Do
sail—c.

%2>9i0*

t Per 100 lbs.

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.
Feb. 20.

March 6.

Feb. 27.

....

....

....

....

...

....

..

.

....

....

....

....

Frf„ Mch

13.

Open High Low. Clos.
d.

d.

d.

d.

d.

d.

d.

d.

d.

5 63

5 59

5 59

5 58

5 58

5 57

5 60

5 57

5 60

March

6 00

6 00

March-Apr.

6 00

6 00

5 63

5 63

5 59

5 59

5 53

5 58

5 57

5 60

5 57

560

6 04

0 04

6 03

6 03

5 63

*

63

5 62

5 62

5 61

5 63

5 61

5 63

6 08

6 0S

6 07

6 07

6 03

6 03

6 02

6 02

0 01

6 04

6 01

0 04

June-July..

6 12

012

6 11

0 11

6 07

6 07

6 00

0 06 i

6 05

6 0S

6 05

6 0S

6 10

6 15

6 15

610

610

6 10

6 10

0 09

Oil

6 09

6 11

July-Aug...

6 10

Aug.-Sept...

619

619

618

6 18

0 14

6 14

613

613

6 13

0 14

6 13

6 14

6 07

6 09

607

6 09'

April-May..
May-June..

....

....

Sept.-Oct...
Oct.- Nov....

....

....

Nov.-Dee...

....

....

.

...

Dec.-Jan

....

....

•

•

...

Jan.-Feb—

.

....

•

•

.

.

.

....

....

....

....

....

....

....

...

....

....

...

•

.

....

....

....

....

....

....

....

....

....

....

....

....

....

....

....

....

....

....

1

SREADSTUFFS.
Friday, P. M.,

March 13.

week somewhat depressed.

market opened the

The flour

March 13, 1885.

quite limited,and under pressure a to sell some
in bags sold below $3 per bbl. Bat there was

The demand was
common

extras

Tuesday and Wednesday large purchases
export were made, some speculation was developed* and
the market was generally active and firmer.
Rye flour was
purchased quite freely. The movement was not sustained,
however, and to-day business in wheat flour was compara¬
tively quiet, with no decided change in values; desirable

a

Satur.

....

....

•

5 63

March

...

....

.

d.

d.

as not

badly injured. She was discharging cargo on the 8tli. Her cargo
consists of 3,532 bales cotton valued at$L75,500, and 1,220 staves.
The vessel is iusured in St. John, N. B., for $5,000. Up to March 9
800 bales of cotton bad been saved.
, bark. -A bark on tire, supposed eotion laden, was
passed,
4, forty-live miles southeast of Key West, by schooner David W.
Hunt, from Harmon’s Harbor, Me., for Morgan City, which was
spoken March 6 off Key West by pilot boat Nonpariel. The master
of the D. W. Hunt thinks that all hands were taken from the burn¬
ing vessel by a schooner which passed an hour before be did.
When lie passed there was no one on board.

Liverpool, steam d

....

.

•

....

Liverpool, went

Cotton freights

....

-■

Wednes., Mch .11.

d.

....

.

....

-

....

....

....

....

....

605

give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.:
Alamo, steamer. Bolger, from Galveston March 3, with a cargo of i ,625
bales of cotton, luo bales of bides, &e., for New York, went ashore
on the Southwest reef, Tortugas, March 6.
Attempts are being
made to get her off ; her cargo is being discharged. She was lying
in a daugej ous position on the 9th with the sea breaking over her,
and vessel hard aground from amidship aft. Several wrecking
vessels arrived at Key West on the 9th with cotton from the
Below

d

d.
0 03

Boston—For Liverpool—March
6—Steamer Pavonia.

and 64ths, thus: 5 62 means

OP The prises are given in pence
62-64eJ., and 6 03 means 6 3-6id.

1,061-

8,139 1,399 2,759 21,684
Included in tlie above total from Galveston are
32,116

..

14.107
.. ....
1,407 26.539
914
9.253
6,133
3,327
1,300
1,945

1.061

Philadelp’a
Total

Total.

Anhv’p.hoping. Iona. Genoa.

Havre, burg.
New York. 14,119
l,li>0 1,399
N. Orleans,
8,460 7,039
Charleston.

Barce-

& Ham- dam <£ <& Non'-

Liverpuoi.

[Voi,. XL.

recovery,

and

on

for

grades wfcre rather scarce.
from Europe exciting apprehensions of war
bet ween Russia and Gre it Britain, together with some improve¬
ment in foreign markets, caused an excited speculation in
wheat and an important advance in prices.
It began on Tues¬
day and culminated on Wednesday.
Thursday saw some
re-action, the weather in Europe proving quite favorable to the

lines of low
The

news

growing crops and our visible supply continuing excessively
large. The active speculation was attended by a much larger
business for export and a brisk milling demand. To-day spot
wheat was quiet, but about steady; futures closed at some
decline, under the less favorable foreign news.
DAILY CLOSING

PRICES OF NO. 2 RED WINTER
Sat.

tn elevator

March

delivery

8'%

Mon.

Tues.

9082

90%

a?78

89

WHEAT.

Wed.

Thurs.

Fri.

92

92

92
89%

91%

90%

90
91%
2.000
J
92%
delivery
24,000 July delivery
36,000
23,000
93
5,000 An gust delivery
5,000
6,000
—
93%
Actual export
22.000
19,000
21,000
Forwarded
990,000
945,000
speculation
Indian corn has
921,000
Total stock—Estimated
767,000
707,000
727,000
Of which Americau—Estim’d
has
at
times
been
active,
in
latter
respect
but
the
it
was quite
72,000
95,000
73,00 1
Total import of the wTeek
51,000
71.00C
51,000
Of which American
200,000 eclipsed by the speculation in wheat. There was some advance
232,001
262,000
Amount afloat
163, uOO
in prices, especially.for contracts for April, when some scar¬
202,000
234,000
Of which American
Western white has been active
The tone of the Liverpool market for spots and futures each city seems to be anticipated.
day of the week ending March 13, and the daily closing prices and rather firmer, and Southern white has brought extreme
of spot cotton, have been as follows:
prices. Yellow corn is neglected. To-day speculation was
Friday
Wednes. Thursday
sluggish and prices favored buyers, No. 2 in elevator selling
Tuesday.
Monday.
Saturday
Spot.
Sales of the week
bales.
Of wlib'll exporters took —
Of which speculators took..
Sales American

Market,
12:30 p.m.

(

J

Mid. Upl’ds
Mid. Orl’ns.
Sales

Spec.&exp.

39,000

3 >,000

3,00<
6,000

3,000
2,000
26,000
6,000
19,000
974,000
752,000
88,000
62,000
232,000
187,000

4,000

Dull.

Steady.

Weak.

6%e

6%6

6*10

6%

6%

7,000

1,000

Irregular.

April delivery
May delivery
ino

More inq.,
not much

at

5,000

7.000

500

1,000

1,000
Flat at
1-32 de¬
cline.

6

g1516

6hs

6

6,030
1,000

51%6
6
6.050

1,000

DAILY CLOSING

Sat.

(

Quiet but
steady at

but

1-64 dec.

firm.

Market,

j
^

5 P. M.

*

Quiet
Dull.

Dull

out

steady.

1-04 ad¬

Fiat.

Dull.

vance.

Steady.

Barely
steady.

Barely
steady.

Mon.

51%

51%
51%

50%

50%

5L%

April delivery
May delivery

50%
50%

July delivery

at

S878
90%

PRICES OF NO.

In elr.vator
March delivery...,

June deliverv
Steady

92%
•
9359
91%
91%
94%
91%
95%
91%
96
been active for export, and the
88%
90%

90
91%
92%
93%

91%
92!%
93%
94%

51^c.

doing.

6%
5.000

Quiet




56,000

Steady.

Futures.

Market,
12:30 p.m.

37,000
6,000
3,000

51
50%

51

2 MIXED CORN.
Tues.
Wed. Thurs.

51%
51%

51%
51%
51
51%

51%
51%

51%
51%

51%

51%

50%

51%
51%

prices.

Prime Western sold at

51%
51%

51%
507g

—

Rye has sold to a moderate extent, including
B irley hat been more active

bond at 74@75c.

Fri.

52
51%

Canada in

at very full

73c. The close is firm.

March 14,

THE CHRONICLE.

1885.]

Oats have continued to be taken

freely for export and the
©peculation has been active at rather better prices for the later
deliveries, but no important advance has taken place, and
supplies seem ample. To-day the exporters bought No. 2
mixed in store at SSJgC.; lots afloat were scarce. The specula¬
tion was dull; No. 2 closing at 38c. for March, 37 %c. for April,
37c. for May and 36?4'c. for June.
The following are closing quotations :
FLOUR.

Flour.

Exports
for iceek
to

Minn, clear and stra’t.
Winter shipp’g extras.
Winter XX & XXX..
Patents

3 80 9
-

4 35®
4 65®

City shipping ex

3 15 ®

Soutli’n

3 50®

com. extras..

5 25

Fine
Corn mea’-

3 10 n 3 40
5 25
5 85
4 75
4 65

Western, Ac
Brandyw ine. Ac
Buckwheat fiour per
100 lbs

2 50®

5 50
3 85
2 Sj

a 00 ?

3 25

3 25 >

3)

2 00®

2 30

Wheat—

.•Spring,per bush.
Spring No. 2

82

Ul 00

80
8 L
50

a
3>
9
9

i ttye—Western
|
State

e

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

i

i

....

99

!

95
55

51*4®

52^2

50
55
50

53
65

'cb
it
9

52*2

7u ®
74 n
37^ i
37^ *
331a «
38^®

Oats—Mixed
White

No. 2 mixed..

No. 2 white*
Bariev ^No. 1 Canada. 83
80
No. 2 Canada
State, two-rowed
61
State, six-rowed
68

&
9
9
9

72

Oth.e’n’ts
Total...

143,842

39*2

39*3
92
83
63
72

Wheat.

Oats.

Barley.

Bbls.imbs Bush.QOlbs Bush.53 lbs Bush.32 lbs BushAH lbs Bush.Sfti

Chicago

91,091
10/01
2,6S0
3,239

381,272
210,409
105,613
137,015

..

4,431

43 500

...

20,406

20,375

Milwaukee..
Toledo
Detroit

..

..

Cleveland.
St. Louis
Peoria
Duluth

732.610

231.733

27,267
7,467
23,002

151,400

173,050

1,035,402
18,180
101,025
1 .’4,555
54,500
801,240

184,002

33,238
3,000
61,200

8,350

497,740'

352,185

27,600!

40,422
9.500
3.141

25,000

75,900

s

13,500

—

_

nTts since

2,158,005

1,561,672

3,782,538
18,444,231

3,217,630
14,944.739

6,825.642
1,427,44 4

4.307,568
18,010.528

0,499,058
1,456,022
463,675

2,788,469

Barley
Rye

379,634

Total grain

7.307,133
43 i, 3 09

3,565,963
13,609,156
5,896 353

32,260,482

24.005 300

24,162,418

22.131,- 7q

The visible
at the

Flour

Wheat..
Corn...,

bbls.

bush.

„

230,970

115,574

282,323

296,489
1.589,849
620,372

supply of grain, comprising the stocks

principal points of accumulation

238,750

m granary

at lake and seaboard

ports, and in transit by rail and water, March 7, 1885, was as
follows:
Wheat,

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

bush.
5,125,817
150,627

Albany

2.200

Buffalo

1,431,000

Chicago
Do

afloat

....

15,551,403
142,313
7,537
5,180,952
5,923,070

Milwaukee
Duluth
Do afloat
Toledo
Detroit

2.833,405
1.094, L72
I 35.OU0

2,683,59 8
39,750
32,242
345,721
2lo,570
745,376
9,876
82,000
515,490
952,285

Cincinnati
Boston

Toronto
Montreal

Philadelphia
Peoria

ludiauapolis
Kansas City
Baltimore
D jwn.

Mississippi.

On rail

384,166

Tot, Mar. 7,’85.
T >i Feb. 28, ’85.
rot. Mar. S. ’84.
T a. Mar.lO, '83.
Tot. Mar.ll, ’82.

43,628,570

Oats.
bush.

Corn,
bush.

395,4 62

285,767
95,268

120,415
5,500

33.560
4.400

1,959,740

567,721

Barley,
bush

201,4 21
145,674
85.000

Bye,
bush.
5.039

133,962
16,500
22,000

322,600
123; 118

133.974

85,933

21.339

136,831
43,733
11,50 4

5,700
31,281
46,027
60.000
322.017

3,103
65,973
1,000
2,953
45 4,899
275,468

15,195
3 2,931
53,615
17,353
242,674
12,10)
10. 199

5,699
54,604
41,2 2

177,40 >
35, LI3

2,500
9.680

8,427
579

3,580
1,755

162,212
411.535

46.000

17,943

73,0)0
1,98 4
4,832

529

10,991
8,827

901.959

236,771

30,117

145,971
398,256
206,690

2,144,346

3,563
4.510
122,971

900

7,387,869 2 ,931,454 1 ,647.875
430.826
4 <6,820
2 ,505.887 1.560.021
5,110,399 2,160.962 2,212 612
4,301,937 1,987.508 1,871,823
2,022,885 1,869,803 1,091,706

43,435,833 6.503,453
30.549.883 16,247,095
23,626,345 14,159.098
14,452,318 12,928,173

552.445

1883.
1882
Week
Week
March 10. March 11
220,463
148 17£

381.919
1,958,184
97.-*,254

•

1,050,293

1,215.725

30,859,539
26,581,124
32,845,007
24,839,642
Below are the rail shipments from Western lake and rivei
ports for four years:
1884.
Week.
March 3.

4,-22.901

Bush.

4,257,910

THE

....

1885.
Week
March 7.

15,709,330

Bush.

4,82->,662

Total

.

Corn
Oats

17,653 7051

Bush.

98.346

14

1.698,863

14,523.741

111,988

40,833,790
32,922 219

bush.

Bus li.
10.729.171

Mar. 8.

63.324

3,850,749
5,808,707
3,252.500

Wheat

Bbls.

2,862,183

Mar. 7.

17,567

13.545.148

2,278,794

Mar. 8.

18,278

38.716.979

bbls.

Mar. 7.

4I,16S

125,800

Fionr

Mar. 8.

8,010

442,100

1881-2.

1883-4.

Aug. 25 to Aug. 27 to

146

1,223,931

1882-3

Aug. 27 to

26.078

209,703

same

Aug. 25 to

1884-5.

1.000

Same wk. ’83

1883-4.

Aug. 27 to

Corn.

1883-4.

453,247
330,427
18.3S3

St. Louis

ports from Dec. 22, 1884, to March 7, 1885, inclusive, for four
•
years, show as follows:

1884-5.

5,419,718
738,81*2
242.01!

Oswego

The comparative shipments of flour and grain from the

1883-4.

831

52,738

1884-5.

IS84-5.

Wheat.

9,428,479

85,366

12,470.908

and last

43,314

252.760

50.435.441

season

15,474 573

817,017
1,017,463

00.974.544

806.557

227.197

2,946,012
3,165,520

•

480,09S 1,616,904

360.479

007,511

410,574

697,833

412,780
400,750
329,029
80.078

141,481'

6.898,007

1,095

250,823

Same wk. !84

6.445.000

85

11,900

kmtlnent...

511201

1883-4

21,403

335.275
57,006
6,320

8 & C. Am...

1,352,433

1882-8

Bush.
426.861

3,338.590

2,032.042

61,356.712
77,310.482

1884.
Week.
Mar. 8.

On. Kingdom

1,135,823

84,239,072
57,488,933

'i*,ooo

l'O 3,873

Bbls.

159,083j

6,355,374

1865
Week.
Mar. 7.

Bush,
j
Bush.
343 862i 1,010,541
.“'53.183
124,216
31.687

42

25. to — Aug. 25 to

Tot. wk. ’85

Since July 2s
1884-5

Mar. 3.

'

Flour.

Newport News...
18.803

Bush.

•291,338
405,550

Week,

following statement of exports this

Brit. Col’nies

Ryr.

Bh!s.

72,314
9,693
5,63 3

188 i.

season:

0 th. oountr’s

Corn.

8.

Corn.

•

Bv adding this week’s movement to our previous totals we

have the

West Indies.

'

1865
Week.
Mar. 7.

16.621
4.565

Mar. 7.

York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the compara¬
tive movement for the week ending March 7 and since Aug. 1
for each of the last three years:
Flour.

23,021

-

The movement of breadstuffs to market is indicated in the
statements below, prepared by us from the figures of the New

Receipts at—

Mar

1,407
272

lug.

76
40
41

Wheat.

1884
Wetk,

Bbls
105.626
5,519
7.967

Contin’nt
S.& C.Am
W. Indies
Brit, col’s

E

GRAIN.

18S5.
Week.
Mar. 7.

-

Un.King.

Fine

2 90 | S juthern bakers’ and
$ bbl. $2
Superfine
2 75® 3 10
family brands
$4 75 ®
Spring wheat extras. 3 10® 3 40 Rve fiour, superfine.. 3 50 ®

315

301 311
653 750

DRY

GOODS

TRADE.

Friday, P. M., March 13, 1885.

The past week has witnessed a much freer movement in
most

descriptions of dry goods from jobbers’ hands, and the
by the principal jobbers—if not quite
to expectations—was at least fairly satisfactory. Retailers

volume of business done

up
from all sections of the interior

were well represented in this
market,
and
their
joint purchases reached an important aggre¬
Barley
130.077
349 946
89.816
Rye.
43,231
51.142
30,009
45,033
gate amount, but there was no real snap to the demand, in
Total
3,265.659 - 2,666,796 3,723,415 1,456.331
spite of the extremely low prices prevailing for nearly all tex¬
The rail and lake shipments from same ports for last four tile fabrics at present. The improved condition of business at
weeks were:
distributing.points in the West and Northwest was reflected
Week
Flour,
Wheal,
Barb y,
Corn,
Oats,
in a more general demand for re-assortments
Bye
endina—
through the
bbls.
bush.
bush.
bush.
bush.
bust.
Mar. 7,’85 237.374
282.323 1,906,109 1,070.960
medium of orders, and a moderately enlarged distribution of
189,417
43,234
Feb.28,’85 216,531
320.462 1,429,478
672.293
123,255
28,079
seasonable fabrics wras therefore made by agents for domestic
Feb.21,’85 111.89 3
237,757 1,375.311
444,429
24.194
98,538
Feb. 14,’85 192,780
‘292,244 2,104,012
105,650
547,986
27,676
manufacturers and importers. The re-order demand by South¬
ern
Tot., 4 w.. 788.583 1,132,786 6,815.010 2,735,663
jobbers continued light and disappointing, but there was
516.860 123,187
4w’ks'84.. 568,458 1,021,895 6.045,017 2,922,071
425,071 142,169
more
inquiry for re-assortments of spring and summer fabrics
The exports from the several seaboard ports
for the week
by the New York State and near-by trade. As a whole the
ending March 7, 1885, are shown in the annexed statement:
situation has decidedly improved the past week, and though
Expbrts
few merchants look for a large spring trade a moderately good
Wheat.
Oorn.
Flour.
Oats.
teas.
from —
Rye,
one is generally
expected.
Bush.
Bush.
Bbls.
Bush.
Bush.
Bush
Domestic
New York
Cotton
Goods.—The exports of cotton goods for
549,868
578,678
69,215
150,108
82,217
4,302
Boston
100,838
1 1,862
the
week
were 1.582 packages, including 556 to Great Britain,
Portland.
30,225
79,59 1
9,100
3,600
51,015
Montreal.
467 to China, 158 to Argentine Republic, 117 to U. S. of Co¬
Philadel..
105.802
69,400
12,480
Baltim’re
lombia, 89 to Venezuela, &c. There was a slightly increased
48,395
722,001
41,150
75
N. Orl’ns.
29,942
35
demand
for staple brown, bleached and colored cottons at
N. News.
1
first hands, but buyers continued to gauge their purchases
Total w’k
697,888 ;1.616,904
143,842
S2.217
154,660]
55,317
8’me time
by actual requirements, despite the abnormally low prices still
1884.
480,098
806,557
103.373'
5271
95,478
29,621
ruling. The jobbing trade was decidedly more ac.ive, and a
The destination of these
exports is as below. We add the large business in brown, bleached and colored cottons was
corresponding period of last year for comparison:
done (in package and assorted lots) by the principal jobbers#

1,707.630

......

Oats




1,043,055
189,417

•

.

1

366,366

THE

346

Southern sheetings were mostly quiet, but a fair business was
done in certain brands by means of slight price concessions,
Bleached goods continued in steady, though moderate,

request at first hands and there was a fair demand for denims,
•cheviots, tickings and other colored cottons by jobbers and
converters.
Light cotton fabrics, as white goods ,were freely
distributed, and a fair trade was done in quilts and table
damasks. Print cloths were in fair demand, and steady at
Prints were rather
2%c. for C4xG4s and 2%c. for 56xG0s.
moie active, because of an improved re-order
demand from
interior jobbers, and a fair business in printed and woven
wash fabrics, ginghams and lawns was done in commission
and jobbing circles.
Domestic Woolen Goods.—The demand for mens’-wear
woolens has not realized expectations, and the general situa¬

tion in this branch of the trade
was a fair demand for a few

is still unsatisfactory. There
of the most popular makes of

coatings and suitings, adapted to the fall trade,
but order s were placed with exceptional caution.
Fancy cassimeres lacked animation, although some fair orders for a few
specialties were booked by agents representing certain leading
makes.
Overcoatings were in irregular demand, but mostly
quiet, despite the temptingly low prices at which certain
makes have been put on the" market. Satinets were lightly
dealt in, and Kentucky jeans and doeskins were almost ne¬
glected in agents’ hands, though low prices enabled jobbers
to effect some pretty good sales.
For flannels and blankets
the demand was light, as usual at this stage of the season,
but a fair business was done in all-wool suitings, sackings,
tricots, &c., for ladies’ wear, and worsted dress goods wTere
in steady request, while carpets remained sluggish.
Foreign Dry Goods were a trifle more active in first hands,
and a fair business in the various descriptions wras reported by
jobbers. The market has presented no new features calling
for special mention. Imports continue light, and really desira¬
ble fabrics are therefore steady in price.
Silks are selling very
low, privately and through the auction rooms, but dress goods,
linens, white goods, embroideries, &c., are generally held with
heavy worsted

considerable firmness.
Importations of Dry Goods.

importations of dry goods at this port for the
ending Mch. 12, 1885, and since January 1, and the same
for the corresponding periods are as follows:
The

Brinckerhoff, Turner

DUCK,

CAR

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Atlantic Cotton Hills,

Chicopee Hfg. Co., Peabody Hills,
Saratoga Victory Hfg. Co.,

Ellertou New Hills, White Hl'g. Co.,
Uncasville Hlg. Co.,
Underwear and Hosiery Hills.

OFFICE
CARPETS.

STEEL PENS
^Sold By ALL DEALERSThrouchoutThe WO R LD
.GOLD MEDAL PARIS




EXPOSITION-1878.

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ALLOWED

ON DEP0SIT8,

depository for

James Low,
S. B. Chittenden,
John H.Rhoades
W. W. Phelps,
D. Willis James, Anson P. 8tokes,
John J. Astor,
Robt. B. Mintum
John A. Stewart, Geo. H. Warren.

S.M.Buckingham George Bliss,
H. E. Lawrence,

William Libbey,

Cor. of Montague & Clinton

*1,000,000
500,006

Authorized Capital
Paid-up Capital

Acts as Executor, Administrator, Assignee, etc.
and executes trusts of every description known to
the law.
All trust assets kept separate from those of the

Company.
Burglar-Proof Safes to rent at $5 to $60 per annum.
Wills kept in Vaults without charge.
Bonds, btocks, and other valuables taken under
guarantee.
Paintings, Statuary, Bronzes, etc., kept in FireProof Vaults.
Money received on

deposit at interest.

V.-Pres’t

JAS. LONG, Pres’t. JOHN G. READING,
MAHLON S. STOKES, Treasurer & Secretary.
D. R. PATTERSON, Trust Officer.

Directors.—James Long, Alfred S. Gillett, Joseph
Wright, Dr. Charles P. Turner, William S. Price,
John T. Monroe, W. J. Nead,Thomas R. Patton, John
G. Reading, Jas. S. Martin. D. Hayes Agnew, M. D.

C. Engel,
Perkins,
Philadelphia; 8amuel Riddle, Glen Riddle, Pa.;
Dr. George W. lteily, HARRISBURG, Pa.; J. Simpson
Africa, Huntingdon ; Henry S. Eckert. Reading;
Edmund S. Doty. Mifflintown ; W. W. H. Davis,
Doylestown ; R. E. Monaghan, West Chester ;

Jos. 1. Keefe, Robert Patterson, Theodor
Jacob Naylor, Thos. G. Hood, Edward L.

Ohas. W. Cooper, Allentown.

steamships.

sts.,

This Company is authorized by special charter to
act as receiver, trustee, guardian, executor or ad¬
ministrator.
It can act as agent in the sale or management of
real estate, collect interest or

registry and transfer books, or make purchase and
sale of Government and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction of business, will
And this Company a safe and convenient depository

RIPLEY ROPES, President,
EDMUND W. CORLIES, Vice-Pres’t.

Josiah O. Low,
E. F. Knowlton,
Alex. M. White, John T. Martin,
A, A. Low,
Fred. Cromwell.
Alex. McCue,
.John P. Rolfe,
Chauncey,E
Mich 1
W. Corlies,
Wm.

613 CHESTNUT STREET,

PHILADELPHIA.

STREET.

Henry K.Shold on

C. D.Wood,
Henry Sanger,
Wm. II. Male,
Ripley Ropes.
B.Kendall, H. E. Pierrepont.
Jas. Ross Curran.

Secretary.

Before

JOSEPH Ci LLOTTS

>.

Cl

TRUSTEES:

buying your Carpets, Linoleum, Oil
Cloths or Mattings, call at BENDALL’S
Carpet Store, 114 Fulton St., basement
floor. Cheapest place in the city. If not con¬
venient to call, send for samples.

J b- to i-

Brooklyn Trust
Co.
Brooklyn, N. Y.

for money.

'

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bo

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p

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H- OTO 4- 4*

dividends, receive

AGENTS FOIt

bo

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George T. Adee, Isaac N. Phelps, John C. Brown,
Erastus Corning, Edward Cooper.
Samuel Sloan,
W. Bayard Cutting.
HENRY L. THORNELL, Secretary.
LOUIS G. HAMPTON. Assistant Secretarj

Trade.t

1

o

$2,000,000
3,541,608

Dan. H. Arnold,
Thomas Slocorab,
Charles E. Bill,
Wilson G. Hunt,
Wm H. Macy,
Clinton Gilbert, •
Daniel D. Lord,

Hosiery

V*P ©P©

©to

TRUSTEES:

SHIRTINGS

CO

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WALL

In stock

SHEETINGS,
PRINTS, DENIM3, TICKS, DUCKS, &C.

.»•••©
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WILLIAM II. MACY, Vice-President.
JAMES 8. CLARK, Second Vice-Prest

AND

Ocean Hills Co.,

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will find this company a convenient
money.
JOHN A. STEWART,

Boston, Philadelphia,

86 & 88 Franklin St.,
NEW YORK.

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be made at any time, and withdrawn after
five days’ notice, and will be entitled to interest for
the whole time they may remain with the company.
Executors, administrators, or trustees of estates,
and females unaccustomed to the transaction of busl¬
ess, as well as religious and benevolent institutions,

BUNTING CO.

BROWN Sc BLEACHED

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which may

Bliss, Fabyan & Co.,
SELLING AGENTS FOR

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The Union Trust Co.,

INTEREST

supply, all Widths and Colors, always
No. 109 Duane Street.

New York,

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for moneys paid
as guardian or*'

Also, Agents

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Mieo l Flax. Silk Coto Wool Manuft

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This company Is a legal depository
Into court, and is authorized to act
receiver of estates.

COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, &C„ “ONTARIO” SEAMLESS
BAGS, “AWNING STRIPES.

UNITED STATES

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Capital,
Surplus,

And all kinds of

FELTING

Miscal Flax Silk. Coto Wool Manufi

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OF NEW YORK,

COTTON SAILDUCK
CANVAS,

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United States Trust Co.
No. 49

Manufacturers and Dealers in

COTTON

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[VoL. XL.

CHRONICLE,

ONLY

Direct Line to

France.

GENERAL TRANSATLANTIC CO.
Between NEW

YORK and HAVRE.

From Pier (new,) 42, North River,
Travelers by this line avoid

railway and
in

a

foot of Morton St

both transit by HJnglisl

the discomforts of crossing tho Channo.

small boat.

-

LABRADOR, P Do Hauterive.Wed., Mar. 18, 6 A.
NORMANDIE, Frangeul
Wed., Mar. 25, 1 P.
ST. LAURENT, de Joussclin..Wed., April 1, 7 A.

AMKU1QUE, Santelli

M.

M.
M.

Wed.. April 8. 11 A. M.

Price of Passage (including wine):—To HavreFirst cabin, $100 and $80; second cabin, $60; steer¬
age, $20—including wine, bedding and utensils.
turn tickets at very reduced rates. Checks on Banque

Re¬

MetropolitanWailTrust
Co.,
St., New York.

Mills Building, 35
PAID UP CAPITAL, $1,000,000.
Designated as a legal Depository 6y order of Su¬
preme Court. Receive deposits of money on interest,
act as fiscal or transfer agent, or trustee for corpora
tions and accept and execute any legal trusts from
persons or corporations on as favorable terms as
other similar companies.
THOMAS

HILLHOUSE, President.

FREDERIC I>. TAPPEN. Vice-President
WALTER J. BRITTIN, Secretary.

Transatlantique, Havre and

Pari,sin amounts to suit.

Special Train from Havre to Paris,
The Compagnie Generale Transatlantique delivers
at its office in New York special train tickets from
Havre to Paris. Baggage checked through to Paris

without examination at Havre, provided passengers
have the same delivered at the Company’s dock in
New York, Pier 42 North River, foot of Morton St.,
at least two hours before the departure of a steamer.

LOUIS DE BFBIAN, Agent,
No. 6 Rowling Green.