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HUNT'S MBECHANT8' MAGAZINE,
BEPRBSENTING THE mDCJSTRIAL AND COMMERCIAL IMTSRE3T3 OP THE UNITED STATB8
VOL.
NEW
36.
FlHanclai.
BKOADWAT, IfEW TORK.
Business Founded 1705.
Hew
beoiTOiatel under Lava of State of
DIAMONDS.
Alfred H. Smith
7otk, 1858.
BONDS, POSTAGE & REVENUE STAHJPS,
LEGAL TENDER AND NATIONAL BANK
of the UNITED
Foreign Governments.
NOTES,
STATES| and
for
Diamonds,
and
ENGRAVING AND PHINTING,
BAXK NOTKS, SHARK CKRTIFICATES,
BONDS FOR GOVKKNMKNTS .VXD
COKPORATIOSS, DRAFTS, CHECKS,
BIU^ OF EXCHANGE, STAMPS, &0.,
in the finest and most artistic style
FROM
ith
SAFETY COLORS.
Work Executed in
use of
Ha
SAFETY PAPERS.
Fireproof Bail^dings.
LITNOCRAPNIC AND TYPE PRINTIIIB.
KAILWAT TICKETS OF IMPROVKD 8TTLE8.
Bhow
Card., Labels,
Calendars.
BOOKS OF EVERT DESOBTPTIOM'.
BI.AirK
ALBERT G. GOODALL, President.
VICE-PRESIDENTS
A. D. SHEPARD,
TOORO ROBERTSON.
Treas.
H.
STAYHER,
S.
H. Taylor
Centrale
Anversoise,
AM TIVE RP.
FILIZ GBI8AR, President.
Alfbid MAuriNAY (uraff& Maquinay), Tlce.PrflB
J. B. Von dkk Beck» (Von der Becke & MarsllT).
Otto Gi'nthkr (Corneille-David).
Emili d« Oottal.
Ad. Fbakk (Frank, Model & Cie.)
Aco. NOTTKBouM (Nottebofam Freres).
Fb. Dhanis (Mtchiela Loos).
Job. Dan Kuhruann, Jr. (Job. Dan. Puhnxiami.:
Louis >v«BEK(Kd. Weber t Cle.)
llAUTBNSTBArCH
(C.
Scbmtd
TRANSACTS
9t
ir. €or. Tblrd
S.
GENERAL BAMKINH
Asa
Kddt, Cwbler.
Pottib. Preau
J. J.
Maverick National Bank,
BOSTON,
.......
.......
$400,000
400,000
Aooonota of Banks and Bankers solicited.
Collections made upon favorable terms.
QoTemment Bonds bcufrbt and
sold.
Post, Banker,
BUYS AND 8BLL8
Mate, Ctty and County Secarttle«.
COnBBS POWDgllCB SOLICITkiD.
STOCK BROKER.
Lansdale Boardman,
TKOY.N.
BROADWAY
NBW
HALL BLlLl)'NO.
80
4 5
oppuHlte Stock KxcbfiDiie.
v., 14
4
and Cbestnnt
STOCKS AND BONDS BOUGHT AND SOLD OH
COMMISSION.
J.
Sta.,
PHILADELPHIA.
Ac
Investment Securities.
Mew York, Baltimore and other places
Beasley & Co.,
BANKEB8
AND DEALERS IN
W.
A.
W. Middkhdobf, w.
b. outxr, c. a. Al.BCBn,
Members Baltimore Stock Exchange.
Middendorf, Oliver & Co.
BANKERS AND BROKERS,
4>«mian Sc Sootb Sta.,
W. Corner
S.
BALTIMORE,
P. O. Box 397.
Hd.
Special attention given to the negotiation of Foiw
eign Bills of Exchange, ColUterai Loans and Oooi.
INDICATORS AND TELEPHONE IN OFFICK
N. W. Harris & Co.,
INVESTnEIWT BANKERS,
DEARBORN BTBEET,
CHICAGO, II.I..
No. 176
INTESTIHESfT B O Mf D S RnXmC;
SUte, County,
Town,
JJVy rN LfiJj and Car Trust Bought and
No. 98 Broadvray, Neiv York.
We
SIX
offer
a large
PER CENT
line of
CHOICE
Railroad
bonds on desirable terms to
Clt7,
Car Trust Bonds;
WE MAKE A
SPECIALTY OF THESE VERl
SAFE SUCURITIKS. AND BUY AND SELL SAME
AT MARKET PRICE.
WS OFFEtl A LIMITED AMOUNT OF DBSIU'
ABLB CAR TRUST ISSUES, ADDITIONALLY
SKCLRBD BY THE DIRKOT OBLIGATION Of
THK RAILROAD E QUIP MENT COIHPANV.
POST, MARTIi^
34
A.
CO.,
PINE 8TBBET.
Simon Borg
&
Co.,
UTALL STREET, NEIT VORR.,
No. 8
DBAI4BRS IN ALL KINDS OF
Railroad and Investment Securities
First National
Bank.
Grand
First
Gmnd
Rapids, Mich.. Feb. iM, 1883.
National Bank, of Grand Raplda. located
Haplds, in the Stat« of Michbcaii, Is clo«tna
it« corporate existence, having expli^
All note holders and other
24, 1883.
creditors of sala association are therefore hereby
notified to present the notes and other claims atre^iui
the association for payment.
J. HOLUSTER, Cashier.
UARVKY
The Old N^ional Bank
OF GRAND RAPIUS, MICH.
Capital Limit, •
Capital Paid In,
i'[
f 1,500,000
400,000
Referring to the foregoing the ofllcers and directors
of the OLD NATIONAL BANK OF GRAND
RAPIUS. beg leave to announce that on Monday,
February 26 Inst., they will continue the business of
banking in all Its branches, at the same place uf buslnees. as sue essor of the First National Bank of
Grand Haplds.
As
substantially the
same management
will
con-
tinue in the new organisation, with equal capita
(which will be speedllv doubled) It is Iwped Itao
generous confidence and patronage so ioiw bestowed
upon it.s predeoessor, will be oonunued to
|
UM
institution.
S. L.
H. J.
WITHBY.
President.
HOLLI8TKB, <
SOUTHBBN eECURITIBB A SPECIAITT.
Henry
Bros.
&
BROKERS
PrlVHto Wire to Troy.
Beonritle. carried ot; marsin. loterest patd on balances
The
up itH iitfalrs.
on Februarr
Warfield,
IN
AND BONDS, UNLISTED SECURITIES AND MINING STOCKS,
ST.,
entire Issues receives special atteiw
Write us if you wish to buy or sell.
tlon.
at
54TOCK8
16
School.
Sold.
The funding of
The
buyers and Investors.
.
NASSAU STBEEX,
MEW YORK,
Co.,
Deposits, received subject to check at sight, and
interest allowed on daily balances.
Stocks, Bonds,
bouKbt and sold on commission in
Philadelphia and other cities
Particular attention triven to Information regarding
Cte.J
A
BUSINESS.
36
&
PINE STREET,
NBW YORK.
,
Pald-Up Capital, -^^,000,000 Francs.
BOARD OF alRECTOBS
Aug. T.
Stewart Brown's Sons,
No. 38
BANKERS,
Banque
CAPITA L,
SURPLUS,
Fine Babies, Sapphires,
Precious Stones,
Whitely,
(Branch Office, 180 Pinh Ave.)
All classes of Ilalltray and Mining Stocks bought
and sold on Commission.
Private Telegraph Wires to Phlladelpbis, Wilmington, Baltimore, Wosbington, Boston, Bridgeport and
New Haven.
O
THEO. H. FREELAND, Seety.
p.
St.,
otlier
Prlrate wire to
:
^ J. MACDONOUGH,
* W. M. SMILUE,
JTn.K8
Co.,
EXCLL'SIVELY.
L.
&
BROADVTAr, NEtT YORK.
No. 64
LONDON. 33 HOLBORM YIADCCT.
qiedal lafeguarls to prereit COITlTTESrZITQTS.
for
D.Pbinck. Jas WHrrxtr, H. CBroiR OAKure
IIAHKY C. LOOAN,
MAYNARD C. EYKX.
W. B. TUAViKS, Special Partner.
Prince
Members N. T. and Philadelphia Stock Exchanges.
STKET, PLATES,
Sipecial papers mainfactsrel excltuirel;
0omp(s7.
&
183 Broadnray, Cor. John
IMPORTERS OF
Reorganized 187U.
AND pRlNTERa OF
ESfiRAVF.ns
925.
Financial.
J.
Bank Note Company,
14S
NO.
17, 1883.
Financial.
AMERICAISr
.
MARCH
YORK,
52
BROADWAY.
ruAKJUBi SCTON BKN'BT.
DODOUA8 HKNKY.
Member N.Y. Stock Ki. Member N.Y.Mln. Stock ExDaniel WABrucu).
Montana National Bank,
HELENA, n. T.
UNITED STATES DEPOSITORT.
$250,000
Capital,
BaoABWATKB. Prest. A.a CLABKg.Y.-Pras'U
S. SHARPS, Oaaiiler.
C. A.
.
THE (JHRONICLE
& Co
Drexel, Morgan
,
WALl. STREET,
COENEB OF BKOAD, NEW YORK.
Drexel. Harjes & Co
Drexel & Co.,
Jesup, Paton
the world.
Attornits and Agkntb of
J.
inOKG.%^ &
No. S9
Brothers
WALL KT.,
&
Co.,
N. ¥.,
BUT AKD SBLL
''
OF FXCIIAWGE
6ILL.S
CIRCL'LAR MOTES
&
Co.,
Issued for the use of travelers in
all parts of the world.
Bills drawn on the Union Bank of London'
Telegraphic transfers made to London and to
various places In the United Stales,
Deposits received subject to check at sight, and Interest allowed on baiances.
Government and other bonds and investniert se
enrltio. h^.Dffb' Tfl ^n'<f. or <*OTnM"i«« on.
John
BANKERS,
CO.,
OLD BKOAD STREET, LONDON.
Brown
r-
S.
.
and their correspondents.
Commercial Credits and Transfers ot Money
on California, Europe and Havana.
Securities
K E W
V W U K
LETTERS OP CKEUIT AND
parts of the
all
.Vlso
'
memra
130 Broadway (Equitable Balldlng>,
DE ROTHSCHILD
MESSRS).
boUKi.t and BOJd on CoD'nils^lon. Interest ailowed
Credon Deposits ! oreiun ExchanKe. Commercinl
Ircular Letters for Travelits. Cable Transfers.
No. 22
Brothers,
BANKERS,
21 Na»»au Street,
Issue Travelers' Credits, available in
world, tbroutfh the
PARIS.
ers, available in all parts of
&
No». 19
DOMESTIC AND FOREIQN BANKERS.
Deposits recelred subject to Draft.
Kountze
August Belmont &c Co.,
BANKERS,
Ho. 34 South Third Street 31 Boulevard Haussmann
PHIIiADEl^PUIA.
Forciffn Fxcliaiive.
lilxviiuii^ie.
Forei^fii
Kxeliaiiee.
l\»rcign
'WlUlam
6a
Street,
J.
New
Accounts and Agency of Banks, Corporations,
flrms and Individuals received upon favorable terms.
Dividends and Interest collected and remitted.
Act as Htfents for corporations In paylo.; f upona
and dividends; also us transfer agents.
Bonds stocks and securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought
In
Francs, In Martinique and Quadaloupe.
BAKBTKLEGKAPHIC IKANSFERS Kidder, Peabody & Co.,
OF nONKY
BSTWEEN TEIS AND OTHER COUNTRIES.
BOSTON, MASS.,
drawn
COLLECTION-" OF DRAFTS and
MAKE
Koints In the United States
abroad on
all
Canada, and of Drafts drawn in the
United States on Foreign Countries.
&
&
Stuart
New York.
BAiVIiERS.
Cor. Wall and Nassaa Sts.,
FOREIGN
Co.,
CABLE TBAN8FEK8, BILIJ9 OF EXCHANGE
J.
AND
33 NASSAU STREBT.
COMMEBCIAL AND TRAVELBB8' OKBDITS.
BILLS OF EXCHANGE ON
C0SRESP0NDJSNT8 :
SniTH, PAVNK & sraiTH'S,
BANKJBR8, LONDON;
BROTHERS Si CO., London.
BARING
UANCHESTES * COUNTY BANK.
PERIER PRERES & CO., PnrU.
"LIMiTBB;"
MENDELSSOHN ds CO.. Berlin.
MANCHEBTKR, PAYABLE IK LONDON;
OLSTER BANKINCI COITtPANir,
J.
NATIONAL BANK OP SCOTLAND,
ALSO.
'CABLE TRANSFERS AND LETTERS OF CREDIT
-J.
& W. Seligman & Co.,
BANKERS,
^.
f,
}{
16
International Rank of London
(Limited) London.
Messrs. John Berenberg, Cosaler ic Co.
Hnnibura:.
Messrs. Mareiiard, Kranss & Co., Paris
:ouimerclalandTrHvelers'CredltB. Bllisof Exchange
('able Transfers.
J.
New^ York.
OOADBY
ft
B. E.
WALKER,
JOINT AGBNT8
Issue Letters of Credit for Trayelers,
Payable In any part of Europe, Asia, Africa, Aua*
fcraHaand America.
Draw Bills of Exchange and make Telegraphic
Transfers of Money on Europe and California.
&
John Munroe
H.
Co.,
Canadian Bank ot Commerce,
16 EXCHANGE PLACE.
BUY AND SELL STERLING EXCHANGE, CABLB
TKANSFKR8. ETC.
ISSUE COMMERCIAL CREDITS, AVAILABLE
IN
ALL HARTS OF THE WORLD
No. 8 lYall Street, Neir York,
No. 4 Post Offlce Square, Boston.
CHEQUES AND CABLE TRANSFERS ON
James T. Bates & Co.,
(ESTABLISHED
BANKERS AND BROKERS,
nUNROE & CO., PARIS.
STERLING CHEgUES AND BILLS AT BIXTT
Members of the New York Stock Exchange.
.
AYB' SIGHT
ALEXANDERS &
CTftOITLAB
NOTVB AVI)
NEW YORK:
ON
LONDON.
CO.,
TBTtTiTT*
FOU
Tit*
LONDON:
PARIS:
1868,^
MlUs Bnlldlng, New York.
Checks and Cable Transfers on JAMES T.
CO., Geneva, Swltaerland.
J.
27
Si" &\"?5™r. W.Rnssiu-Wisiu T.K.DATI8.
William Heath
(Established
&
Co.,
W.
&
29
BEAVER
NEW
Bills of
&
Wilson
BATES &
ST.,
Exchange and Letters
Credit on Slexlco.
ot
Members
of
New York
Stock Exchange.
William Heath
&
Co.,
Anglo-Californian Bank
(LIMITED).
LONDON, Bead Offlce, 3 Angel C'ean.
SAN FRANCISCO Office, 42-' California
NF.W
81
Agonta, J. & W. Seiieman * c.
Orreaiiond'tB, Massachusetts N. B'k.
YORK
10 ThroKinorton ATe.^ London, Kug.
BOSTON
Draw Bills of KxchHPKe and transact a ireneral
flmincial commlMtlon bueines*. Particular attention
(iTen to American becurttlea.
vnthorlzed Capital, Fald np and Reserve,
William Heath
Bne
Companies.
iKmif c >n?mercial credits, also foreign and dome'^tlo
travelers' letters of credit In pmnrts sterling & dollars.
Offer Investment Securities.
Buy and sell bonds, stocks and securities in all Amand Dutch markets, on Com-
erican, Canadian. British
mission.
.
.,.,..
Iniana
and
and^ ^foreign
1 o tectdlTldends. coupons
I
Drafu.
Sell Bills of Exchange on
Fvans 4 Co 0. J. Hambro & Son. LONDON
and on H. Oyens & Sons, AMSTERDAM.
Melville,
'
;
Bank(;r>.
Forviuii
Nederlandsch Indische
Handelsbank,
tmSTERDAIfl, HOLLAND.
EBTABI.I8HBD LN
&
Co.,
Scribe, Paiift.
Ordere Bolldted for I.K>ndon and American marketa
for Investment or on margLn. HaUwaj, State and City
t«otui8 nesotlatod.
•
-
t6,0OU,0OO
1,7UO.OOO.
Transflot a general bankinff bufllness. Issue Commercial oredits and Bills ot Exchange, available In
all parts of the world. C^ollectioos and orders ""or
ilonds. stocks, etc.. execnted upon the most favor
FRKD'K K. LOW,
iManaoer.
laNATZ STKINAABT.!*""^*"
LILIENTUAL, Ca«Uer.
able terms.
p. N.
1863.
Pald-Hp Capital, 12,000,000 Guilders
($4,800,000 Gold.)
BEAD OFFICE
Agencies
in
AMSTERDAM.
IN
Batavia. Soerabaya and Samarana
Correspondents
In
Padang.
Issue commercial credits, make advances on »hl»
ments of staple merchandise, and transaot othet
business of a flnanoial character In connection with
the trade with the Dutch East Indies.
BLAKE BROTHERS &
18
CO..
AGENTS FOR NORTH AMXRICA,
-WALL STREET, NEW YORK.
28 STATK STBRRT. BOSTON
Bank of
Australasia,
(INCORPORATED
1835.)
No. 4 Tlirendnecdle St„ London, EnElan4.
PAID-UP CAPITAL, f 1 .200,000.
UNDIVIDED PROFITS lincliirting Guarantee an*
Reserve Founds) £463,114.
Letters of Credit and Drafts Issued on the 101
branches of the Bank in the Colonies of yueensland,
Australia, TasmaNew South Wales, Victoria, pouth
nia, and New Zealand. Bills negotinted or sent for
Collection. Tclegniphic transfers made. Deposit*
received in London at interest for fixed periods oa
terms which may be iiscertained at the oftlce.
PKIDKAU.X SKLBY. Secretary
Hong Kong & Shanghai
BANKING CORFOKATION.
CAPITAL (paid-up)
*o?Sl«&
2,Sti3,(»0
RESERVE FUND
HEAD
BONO KONO.
OFFICE,
The Corporation grant Drafts,' Issue Letters of
Credit for use of Travelers, and ne^totiato or colIe<!»
Saigon
Bills payable at Bombay, Calcutta, Singapore,
Manila, Hong Kong, Foochow, Amoy, ^I'W?
Shanghai, Hankow, Yokohama, Ulogo, San Iranclsco and London.
A.
'»l.
TII\VNSKNn. Agent. 4r WIIHnw "t
Boissevain
BANKERS
AKD
& Co.
MERCHANTS
AMSTERDAM, HOLLAND
N. Y. Correspondents-M essm.
FOREIGN EXCHANGE. CABLE TRANSFERS.
No. 10
BANKERS.
1861.)
BROADWAY, NEW YORK.
Co.,
WILLIAM STREET,
COMOTISSION
YORK.
BANKERS AND BROKERS,
Ho. 80
No. 63
Y. Stock Exdl.
&
Kennedy
Adolph
Co.,
northcote,
o. h.
Alexander Bartno,
Member N.
Act as Agents for Banks, Bankers and Railroad
BANK ER8,
EXCHANOC PLACE, NE\Y YORK
BROAD STREET,
No. 23
Ruckgaber,
S.
J.
COHKESPO.VIIKNTB Or THE
EDINBURG. AND BRANCHES;
.hi<
&
Schulz
BELFAST, IRELAND
AKI> ON THK
Kennedy.
8.
KiNNKDT Tod:
York.
ON OKEAT BRITAIN AND IRELAND, KIlANrB,
and sold.
DKAW ON
GERMANY, BEIAHUM.BWITZKRLaKD. NOK_WAy. DENMARK, SWEDEN AND HOLLAND.
THE UNION BANK OF LONDON:
Issue Commercial and Travelers' Credit* THB DEUTSCHE BANK, BERLIN, HAMBURG
AND BRB.\1KN:
IN SIERLINQ,
ANDRE GIROD & CO., PARIS.
ATAELABLB IN ANT PART OF THE WORLD.
And
aaXVi
iVOu.
Blakb Bros. A
Co.
Gerhard & Hey,
R E V AATL,.
OFFICES
LEIPSIC, BERLIN, MOSCOW,
Fair
NIJNI-NOVGOROD,
during the
Commissioners & Forwarding Agents,
SHIP BROKERS.
Advances and Freightof Banking
ASounl-- execute all ordere in the lineon
the mo,i
CtmVtilssiLn and Forwarding Business
TTniio-tnkp to cash Bills,
bom«l
"i'wp'^^^wne™ are requested to address vewels
of
for Reval unto the cure
& HE Y,
GERHARDBU88IA.
KEVAL.
,,
Mabcii
THE CHllONICLE.
1883.]
17,
New EnKland
Foreign Bankers.
The City Bank,
&
... £4,Qoo.ano
... 3,-J'OO.UtIO
bUU.UOU
Ursfrvo Fuml. £330,000.
HEAD
THREADNEEDLE
OFFICE,
8T.
BRAyOBES:
Bond
Tottonham
Street, Iiondnn,
LadKata
l.onilun.
Piiddliitfton,
Ilia. I.iindon,
London.
AJdK»te, London.
Uolborn. London,
Old Strout, London.
Tho bank. Willie conducting tho ncncnil buBlneM
KniKtatabrldKO. London.
KKNNKUY,
Mliniwor.
C. F.
SMITHERS,
W.
Nob.
J.
Dealers In nnnlclpal, Stale, Railroad
and United State* Bonda.
Alcx'u LA.va,
I
Bank of Canada.
CAPITAL (paid up),
RESERVE,
-
-
1).
K.
-$1,300,000
$460,000
-•
U.
S.
IIOWF.AND, Pres't.
WILKIK,
Parker
BIIAXCIIES:
Colbomo,
St.
Thomas,
Ingcrsoll,
W
:
I
B08ANQir«T, SALT 4 CO.. BA.NK
I
Merchants Bank
OF CAIVADA.
$5,700,000 Paid Up.
President, sin TIUGH ALLEN.
„„„„ _
-
IIOBKKT ANDEHSON, Ew)
HEAD OFFICE,
GKOKOK
OTONTREAli.
II.VGUK, General Manager.
J.U.PLUMMKIt. Assistant General Manager.
BANKERS:
I/ONDON, ENG.— The Clydesdale Bank (limited.)
NEW YOllK— The Bank of New York, N.B.A.
sells Sterling Exehange. Cable Transfers, Issues Credits available In
an parts of the world, raukos coUectluas In Cwnada
anadwwhere.and issues DniftH payable at any of
tbe offices of the b^iuk in i:Hn;ida. l>eiQand Drafts
Issued payable In Scotland and Ireland, and every
description of foreign bunking business undertaken
TTie
New York Asency
JOUN
B.
UAUUIS.
JR..
52
&
Stackpole,
C. E. Jackson
^^
W.I^WBON.
Gzowski
&
{
&
Co.,
iiaok,
LoBdoa.
New
York,
N«w
made on
all
N. C.
parts of the United State*
CIIARLE!$TON,
CO.,
Se.
STOCK BROKER?,
AICII.MOND, VIRUINJA,
Buy and
Government.
sell
and
State, Municipal
Railroad Bonds and Stocks. &c. Virginia StateTaxReceivablo Coupons bought and sold. Alt order!
promptly attended to.
New York Correspondent. VERMILTE A CO.
MERCHANTS' NATIONAL BANK,
RICIimOND, VIRGINIA.
made on
terms : prompt returns.
John
all
Southern points on beat
_
JOUN
F.
Glenn, Cash.
P. BRANCH, President.
Fkei>. R. Bcott, VIce-l'reBt.
Thos. P. Miller
&
Co.,
BANKBR9.
MOBILE, ALABAMA.
Spedttl attention paid to cillcctlnns, wltl) prompt
remltlunces at current nitca of excliiinne on day of
payment. Buy and sell State of Alubitniu and Clt7
of Mobile Bonds.
Correspondents.— Bank of the Ptat« of New Tork»
Louisiana National Bank. New Orleans ;
Bank
:
of i>iTerpi>ol. Limttod. Liverpool.
PcnnsylTanfa Bankers.
Virginia Bends funded nnder the Funding Aet
per cent commispassed by the Ustl-egislature, Un
sion. New North Carolim « per c«nt btinds, secnrM
by lien on the State's stock In the North CaroUns
JOS. M.
Tos.
SHOEMAKER.
RICHmOND, VIRGINIA.
Railr<->ad.
for sale.
M. Shoemaker & Co.
BANKERS AND STOCK BROKERS,
No.
BRANCH
H
BOBCRT M. JANNKY.
SOVTB THKHB STREEH
134
PIIIL,ADEL,PIIIA.
W.
DEALERS
Clark &
BANKERS,
Co.,
CAR TRC8TB AND OTHER
VESTMKNT SECURITIES.
1«-
Stocks and Bonds bought and sold on Commission
&
Co.,
207 WALNUT PLACK.
PHIIiADELPHIA.
&
Co.,
BROKERS,
PITTSBVRO, PA.,
sell all dasses of Western PannsylTania
B««urlU«. C«rr«»p«adence soUdiW.
Btu and
wk. w. TniiR.vrow,
<
TIIORXTON & SON,
F.
BANKERS AND BROKERS.
80ELBYVILLE, IIXINOIS.
Collections made in Shelby and adjoining CcoaUe*
of Payment,
and Proceeds remitted on pay
eJtaw
ankofl'ommei
of Commerce,
_
Hank
RKFBRKNCEtl—National Kr
York. Union National Bank, Cincinnati.
Nnlionai Bank, St. Louis. Traders' Bank, Chloago.
TUM
ESTABLISHKD
P. F.
1«71.
KEL.EHER
CO.,
Sc
8TRKKT, ST. LOUIS,
Dealers In 'Western Sccnrltles.
300 OI.IVE
Defaulted Bonds of MNsouri Kansas and
Illinois
s
Specialty. Good Investment SecurlUes, paytn« Dosa
'
sale.
colli for
•i to 10 I cr cent,
in New York, by permisrtOB. laarj
Referetu'eK In
References
St.
.jodge 4
. IS
Dodge
A Co.. \v.ili .«t.: Uatch A Koota,
-,,
References In St. Loul.". Banks generally.
Sto
BANKERS AND BROKERS,
No.
W.
Indiana Banking Company, Indianap olis.
IN
A. P. Turner
Western Bankers.
Thos. M. thohntos.
(EstauUstacd lSSi>J
In all issues of United States Bonds. InvestSocurltlOHasiK'Ci.iity. Correspondcnre Invltei
full information upon tlnandul subjects f umisho'l
Geo. B. Hill
Tofki
Cashier
&. CO.,
TIIO.HA^
BANKERS AND COMMISSION MERCILANTa
rrompt attention given to Collection of Commer«tal Bills and Canadiun Funds on all pointsln Cajiada;
American and Sti^rling li:jcchan4'e, and blocks. Bonds,
Corr.'spondcnts— Hank of
WILiniNGTON,
Collections
New Yerk
sell
BANKERS AND STOCK BROKERS,
{,(iUI.
Walkku.
First National Bank,
Government, State, Municipal and
Railroad Bonds and Stocks. Investments for Barings Banks a specialty. Correspondence solioited.
Buy and
Buchan,
TORONTO, CANADA.
A. K.
I'res't.
Collections
No. 33 i^ouih Third Sireet, I'hlladelphln.
D.A.MCTAVISH.I A«ent«.
._„,.
acted.
and Alllaace
& Co.
miDDIiETOlVN, CONN.,
and
Exchange and Cable Transfers. Ismie demand drafts on Scotl.ond and Ireland,
also on Canada. British Columbia, Portlnnd. Oregon
Ban'FVanclsoo and Chicago.
Bills collected and other banking business trans-
all
BGNJ. A. BOTTS.Preat.
WKK.MS. Oishler.
R. U. niAVRY
Dealers
sell Sterling
on
National Baskiso Association,
CIIARL.E»«TON, 8. C.
Bpeclal ArrKNxroN oivjc.v to Collictionb.
ment
-WALL STREET.
C._
B. V.
BANK OF
IXTEYBOSSET STREET,
PROVIDENCE, R. I.
North America,
No. 52
colleetlons
WM.C.COlTKTNBT.Prei. BHyitsTH. PBIXOLl.Cajll
Dealers In Commercial Paper. GoverBm?nt and
other lirHt-eluss Bunds and Hecurities and Forelfi:n
KxchauKt'.
l»rlvate Telesrraph Wire to Now York and Boston.
E.
etc., boutfht utid
Co.,
BANKERS AND BROKERS,
-^B^^"*
Bank
Bay and
&
Wilbour, Jackson
S
AQ£NCY OF THE
Texas.
attention to
P. A. Rice,
BaldwUi. . W... B. Botts, Rob't Brewster, 8. K
E. K. BtiURL'ss,
.
Charles H. Sheldon, Jb.
JosHPA wn.Bom,
Benjauln a. Jackson, William BmsEY, Jb.
buys and
New York Agency, 48 Exchange Place.
British
.
-
Vlcs-l-rcfiileiit,
$500,0(K>,
Mcllhcnny, B. K. Wvems.
Water SiK„car.opp.l'.0.
DEVONSHIRE STREET,
BOSTON.
No. 60
OF MONTRKAl,
BO Wall Street.
Promptest attention paid to collections payable In
any part of Cunadu.
^.
.
j .
Approved Canadian business paper discounted at
the Head Office on reasonable terms, and proceed*
York.
New
on
draft
remitted by
TO Lombard Street.
•
give special
acoosslblo pglnts.
BANKERS,
Cllfkler
Wclland, Fergus, Woodetock, Innipeg, Man .,
Brandon.
Beolars in American Currency * Sterling Exchange.
Agents In New York:
Agents In London
Capital,
180
A. Hawley
F.
BEAD OFFICE, TORONTO.
et. Catharines, Port
Sonthern Baakert.
We
Interest oii deposits subject to elieel:.
Bonds a7id other investments bought and told.
Correspotideitce invited.
Orders exteulaf at Boston and yew York lltock
Exchanges, of which we art incmftcrs.
Blrcbln I,auo.
No.
fttr-
A Co.
THE CITY BANK OF HOUSTON,
CAPITAL,
BANKERRS.
Office,
Imperial
Chicago and throughout the
and Infomatloa
N. y. Correspondents— McKIm Brothen
Houston,
Bank of Deposit,
B O ST O.N
Agents.
and VIIUilMA SECUBITiaB •
('orrespondonce solicited
nlshed.
UiKKCToiis.— Benjamin A. Botts, Tres'tj
H4 Devonithlrc A-
Sterling EiohanKe, Francs and Cable
naoafan; grant Commercial and Travelers' Crcdita,
•Tallable In any part of the world; l.ssue drafts on_
Iiondon
BALTIinORE.
INVESTMENT
Co.),
STATE STHCET,
BOSTON, MASS.
General Afanagcr.
Boy and sell
In,
Co.,
Dealers In Municipal, State and Kaliroad Bondi.
WALTER WATSON.
Co.,
BANKERS AND BROURS,
No. 40
KEW TOHK OFFICE,
so & 61 ^WALI. STREET.
and make collections
Donlnlon of Canada.
Sweet A
AJTD
specialty.
&
Dupee
Perkins,
&
Wilson, Colston
ALSO,
(Formerly CnAS. A.
President.
BUCHANAN,
7
BALTIMORE,
BOSTON STOCK EXCHANG»>».
$13,000,000, Oold,
$5,500,000, Gold.
dUKPLVS,
Sons,
8c
BANKERS,
SOUTH STREET,
CONGRESS STREET,
TRANSACT A OENBKAL DOMmTIO
FOHKION BANKINO BD8INC88.
BOtiTON.
MEMBERS OF THE NEW YORK AND
BANKERS AKD BUOKERS,
Bank of Montreal.
No.
No. 35
Canudiun Bankers.
CAPITAL,,
Estabrook,
to too
of London Uiinltorj.Klvoa Bpocliil iittonllon
•KCncy of Foroinn and Colonlul lluiikB.
A. O.
Robert Garrett
BANKERS,
BOKl
Coalt,
Balttmore Bankers.
Banker*.
Cobb
Brewster,
(LlillTICD.)
Ami""''''-"' ''"Pl'n't
HubM-rlliril Ciipllult
l>Ktd-i:p Diipltii'
ill
~.^
M
C. F.
PkNZBL,
President.
WsU
'
}
(
STATE BANK, ICT. WALBl
Incorporrted 18T8.f
Caahler.
German Bank,
LITTLE ROt'K, ARK.
CAPITA f,
SCUPI.UMi,
....
(PaW-ln)
...
.
....--
«73.0M
sa.1
Prompt attention given to all ko»l°"« '""•'ft??
N. y.OoB;it»i'0»t>«JIT»— I)onn«ii,Ls»«o«
and Ui« MetxufKiUUUi National Bank.
awj
THE CHEONICLE
JT
^Vestcrn Bankcri.
Finuncial.
Mortgages on Farms
&
Barker
Financial.
Kansas City Real Estate, No.
FORDTCK
HKNKT
Semi-Annnal Interest to Inyestors.
We negotiate Ijoans on Improved and productlTe
DEPOSITS
Babexb, Member N. Y. Stock Eich.
KKNSSELAKR WESTOX.
D.
TiNKIl
C.
Howard
&
Lapsley
K»TAKI, IMUKU
1884.
Now York.
Coleman Benedict & Co.
No. 21 BROAD
NEW YORK,
STOCKS ANI> BONDS,
AGREEING TO STAND ALL EXPENSE and SHIELD INVESTORS FROM LOSS.
TITLES GUARANTEED. ALL FUNDS PROMPTcollections,
ST.,
PLACED. Write
for circularand full particulars.
Stating amount you would wish to invest on satlsfac
Address,
tory evidence as to securities, titles,
&c
MEMBERS OF THE N. Y STOCK BXCIIANQH
A strictly commission business conducted in thft
H. P. IHOROAIV,
AOENT FOR NEW EJfOLAlfD
House Street,
PROVIDENCE, B. I.,
OJSNJSBAL
the
BANKERS,
WALIi
Transact a General Banking Business, including
the purchase and sale of STOCKS and BONDS for
cash or on margin.
Co.,
Invektment Secnrltlea.
P. O. BOX 2,647.
WATLAND TRASK. H. J. HoRSK.
Sell
A. H. KIDDSR.
W. C. HILL.
FARMS.
KORK.
*ranoh Ofllce with Private Wire at 23 West TwentrThird Street.
Buy and sell on commission for investment or on
margin. aU securities dealt In at the New York Stock
^
^^
Excnange.
Mead.
f.
i.
Member N.
market
MORTGAGE LOANS UPON IMPROVED
FIRST
Co.,
B. B. Lear.
E.AWRENCE, KANSAS,
Offers to Investors the beat securities in the
Mead &
iTOCK BROKERS,
80 BROADTVAT, TiBXV
F.
I.
New York,
Bnr and
^^
correspondents.
STREET,
No. 18
ivesteriv
Farm Mortgage
purchase and sale of Stocks and Bonds on Margin
'
or for investment.
Complete Financial Report Issued weekly to our
CAJf Co.
Ho, 3 Castom
OR
JARVIS, COIVKI.IIV ac CO.,
LOAN BROKERS,
KANSAS CITT, mSSOURI.
Bonds.
Private telegraph wires to Providence and Boston
O. B. TAINTOR.
OKO. H. HOLT
STREET,
WALI.
5
Interest and principal paid on day of
W.
Dyie Pearl,
Member N.Y.
ma-
New York. Funds promptly placed. Large
experience. No losses. Send for circular, refcrencci
nd sample forms. F. M. PERKINS. President; J. T.
WARNB. VIoe-Prest.; L. n. PERKINS. Secretary!
CHAS. W. GILLETT. Treas. N. F. HAUT Auditor.
8BCIUUN
8. J
KW«TT, Pres. JOSI AH JEWITT,V-Pre«
William
CoHNWELL, Cashier.
C.
Bank of
Buffalo,
CAPITAI.,
S300,000,
BUFFALO,
making
P. O.
CoiiHKSi-ONDENTS.-New York, National Shoe*
Leather Bank London, Union Bank of London
Box
A. BOODT,
447.
W. McLellan, Jr.
C.
Reuben- Leland.
col-
lectioDs on all
the United
gtates. Canada and Europe. Liberal terms extended
to accounts of bankers and merchants.
16
B A N K E K M,
3M Broadway, cor. Exciiango Place, N. Y
Branch Office, ViS I.a Kalle tit., Chicago.
TRANSACT A OENEHAL BANKING BUSINESS
INCLUD1N(J TIIR I'UUCHASE AND SALE OF
STOCKS AND IIONDS FOR CASH OR ON MAHGJfl. BUY AND SELL INVESTMENT 8KCUHITIKa INTEREST ALLOWED ON DEPOSITS
SUBJECT TO CHECK AT SIGHT.
D
facilities for
accessible points in
&
Pearl
N. Y.
This bank has anperlor
t. H. Cctbhs.
Y. Stock Eich
Pearl.
B.
turity in
FiiHtncial.
allowed o
OOVBRNMBNT, MUNICIPAL an4
sell
RAILROAB
Co.,
BANKERS AND BROKERS,
No.
INTEUKST
received aad
balances.
,
Buy and
farms in the best portions of Kansas and Missouri,
worth from three to Ave times the amount loaned.
Acknowledged to be the most SAFE and PROMTABLE form of investing money known.
In an experience of many years and loaning two
million dollars, not one dollar lost.
Wo assume the responsibility of MAKING ONLY
BAFB LOANS; of collecting the interest and principal and remitting to investors. FREE O'-' CHARGE,
and in case of anv trouble or delay in making such
1/T
8TUEET. NEW YORK.
TRANSACT a QBNKRAL BANKING business.
No, 10 WAI.T,
New York.
NETTING SEVEN PER CENT
Holt,
BANKERS,
EXCHANGE COURT,
2
&
Taintor
Tinker,
BANKERS AND BROKERS,
AND
XXXVI.
fVoL.
Co.,
BANKERS AND BROKERS,
BROAD STREET, NE\r YORK.
Stocks and bonds bought and sold on commissten.
Interest allowed on deposits subject to Bight draft.
Letters of inquiry cheerfully answered.
John
S.
&
James
Co.,
Commission Stoclc iirolierg,
No. 16 BItOAD STREET, NEW YORK.
John S. Jamks,
Wahhen T. JAMig.
Member N.
(oLLij^s.pouDE]^ 3Je]vi^ins,
Stock Ezeb.
Y. Stock Exch.
Stocks, Bonds, Ac, bouRht
and sold for cash or oa
margin.
;
R. A. Lancaster
&
25 f me
BANKERS AND BKOKSRS,
BROADWAY, NEW YORK,
tte
STOCK BXCHANGB,
WASHBVRN &
B17II.DING,
BROADWAY AND WALL STREET.
Transact a general Banking Business, Including the
Purchase and Sale of all Securities dealt In
at the
New York Stock Exchange.
Interest allowed on deposits subject to sight
draft.
Caldwell.
l C WAsnnTTBv
TowNSEMD. Member N. Y. Stock
Be.
Sch^
WAL8T0» H-^B^^^^-^^^irXli^^^
J.
Walston H Brown & Bros
New
STOCKS
and
TUe Dudersigned hold
SALES
ERTS.
n. Denblow, Member N. Y. Stock Exchange.
D. A. EASTON.
H. H. HERTS.
8. H. NICHOLS.
K.
P. O.
BOX
1589.
TO ExcbauKePIace, Near Broadway, N.Y.
<t
Stocks and bonds bought and sold on commission at
New York Stock Exchange. Advances made on business paper and other securtUes.
Wm,
B.
Kendall.
STOCKS AND BONDS
ON
WEDNESDAYS AND SATURDAYS.
ADRIAN
H.
N«. 31
&
]IIIJL,L,ER
SON,
Ho. 7 PIKE 8TKEET, NEW TOBK.
,
Corner Broadway.
COMMERCIAL PAPER.
Wm. D. HATCH,
Member N. Y. Stoca Exch.
WALL, STREET,
BANKERS AND BROKBKS,
•
Beter ts
Wescott,
No. 82 Broadnrar.
Mewn. Fisc A BATOH.
&
P.
WiscoTT.
Bixby,
BANKERS AND RROKERS.
85
Bay and
NASSAU STREET. NEW YORK.
sail
on commission, or carry on manrin, all
New York Stock Eichai
A. J. Bizbt
securities dealt in at the
Wm. Pollock,
Member N.
Y. Stock Exchange.
&
Oilman, Son
63
I.
Street,
BOXDS
&
Sc
Stephen Cahoone, Jr..
wm.
Member N. Y. Stock Exchange.
BANKERS,
Wall
REGULAR AUCTION
Street
Pollock
CHICAGO & CAI,III»IET STOCK,
PENSACOLA ^k AT1.ANTIC STOCK,
PENSACOL.A & ATI. ANTIC BONDS.
STOCKS,
of all daseea cf
New
STOCKS AND INVESTMENT SECURITIES
TimE I.OANS NEGOTIATED.
IN
AMERICAN BANK NOTE STOCK,
UNITED BANK B CI D I N G
At Auction.
Cahoone
GOVERNMENT BONDS,
Yoi«.
BONDS
WALL STREET, NEW YORK.
BANKERS'
SPECIAL ATTENTION GIVEN TO THE NEQOTIATION OF
RAILROAD SECURITIES.
No. 3
Stocks, Bonds and GoTernment Securities bought
and sold on commission. Interest allowed on deposits subject to cheek at sight.
No. 3
AND BROKERS AND DEALERS
.
BANKERS,
Broun,
BANKERS AND BROKBRS
NEW YORK
or all reputable Securities
^ASTON
&
UNITED BANK
&
Vyse, Son
ENSLOW,
TOWNSENB,
BANKERS AND BROKERS,
No. 20 Nassau Street,
l^euu^ORKj
bought and sold in the OPEN MARKET. LOANS
and COMMERCIAL PAPER negotiated. Interest
paid on DEPOSITS, subject toobeek.
eOUlUJiltX S&CUJtlTJBS A SPBGlALlr
LOANS NEGOTIATED.
INTIRIRT Allowed on Deposits.
0. B.
-
classes of Securities dealt In at the
SKc(jRITIH8
Bought and Sold on Commlsglou.
-JfrPH"" Tax-IifceivabU Caupom Bouoht
CHA8.
§t.
Purchase and sell on Commission OOVBRNMBNT
and RAILROAD BONDS and STOCKS, and all
PIrat-Class Inveatment Securities.
OOVKKNMENT BONDS, STATE, CITY, COUNTY
KAILROAD « MISCELLANEOUS
CALDAVELL,
Thob. a. Vyse.
c. C. Broun.
W. E. D. Vyse, Member N. Y. Stock Exchange.
-BnriKERS-
Co.
Co.,
BANKERS,
CEDAR STREET.
In addition to a General Banking Business, bny
and sell Oovernment Bonds and Inyestment Seonrlties.
Qkorge Stabk.
John
George Stark
&
f.
Stams
Co.,
BANKERS,
No. 33 Nassan Street Nevr York,
TRANSACT A GENERAL BANKING BUSINESS
AND BUY AND SELL INVESTMENT
SECURITIES.
Have constantly on hand and
for sale
WESTERN CITY AND KARM MORTGAGES,
Bearing 7 to 8 per cent Interest.
WESTERN MUNICIPAL BONDa
Clronlars with foil particulars mailed on appUcatloa.
a
:
MABcn
THE CHRONICLK
17, 1883.J
Mortgage Security Co.
OFFKnS FOR
MAI.B
per cent SO-year Hoiids, $1,000 eoch,
8KC.'UUKI> IIV FIltST M()llT(!A(iK8 ON
IMl'lU)Vi:i>
KAKMS.
und
(.iimrjvnteotl, Prtnclpiil
Intt-rGst,
CAPITAL, ST0<;K of
by
43 niLK STItKKT, BOSTON.
KHIKCTUKS.
HIXKY SAI.TUSHTAU, AtmXIS COKBtN.
J. IIAXTKK L'PIIAM,
K. Km rUTON I'llATT,
(Jll.MAN S. MOULTOS,
L U. KAKNBWOIITH,
CilAltl.XN
I..
H.INT.
vk'k-1'kksiuknts.
C
uictiarijson,
Jon.V WKB8TIH,
AUUK T. FmiTUl.VGIlAM.
ClIAItl.KS L. KI.INT, President.
(Iko.
ATKIXS,
J|t.IKHA
J. K. K.
BKEWS'J'KU, Troaaoror.
Bonclis or Surety ship.
FIDELITY A CASUALTY CO.
OF
NEW
TOBK.
1400.000 00
260.000 00
On dcpustl with lusuriince Department.. 100.000 00
Trunsportatlon
OfOclulB of Blink!*, UttllroHd!) and
Companies. ManiKfors. Sucrotaries and Clerks of
Publle Companies. Institutions and Couimcrclal
Qrma. ooxi obtain security from this Company, at
Asaeu
OaplUl inTestad
moderate
In U. S.
Member of N.r.
charifcs.
'The brands of this Company are aceepted by the
courts of the State of Now York.
Full Information as to details, rates, &c., can be
obtained on application to head office, 179 Broadway. S. Y.
Wm. M. RicHARBS. Prest. John M. Crank. Seo'y.
II. BLACK and W. UARVKV I,«E. Inspectors.
DiRKCTOit:*— Ueorae T. Hope.G. G. Williams, Geo.
B.Coe, Charles Uennls, J. S. T. 8tranaban. A. B.
Hull, A. 8. Barnes, S. B. (.hlttenden, U. A. Uurlbut.
u. Low. David nows. J.
Mitchell. Wm. M. Richards.
D.
McKian
tttock Kzoh'g..
& McKean,
Lloyd
BUY AND 8KLLr-ON COMMISSION
OoTernment, Railway an4 nia««Ua«
neons Securltlea.
Safe Deposit Vaults
or
NEW
OK
314
A
Vermllye,
Alex.
YORK.
Bankers' Safe Deposit
Wall
Cor
Co
and Broadway.
Street
s
aIFe
s
OF MOST APPUOVKD CONSTBUCTION FOB
Bankers, Brokers, Merchants, &c.
DEPOSIT YOVR SECURITIES
IN
TH»
State Safe Deposit Vault,
Cor.
WlUlam St.
tc
Excbange Place,
Under the National Bank of the State of
New York.
BCRGLAR AND FIRE PROOF.
Gwynne & Day,
rOR OFFICEKS AND KMPLOYKKS IN
POSITIONS OF TKU8T.
The Guarantee
Co.
52
1300.000
375.000
200,000
Deposit with Insurance Department
Mana^rlng Director:
President;
EJIWAKV RAWLIKOS.
eiB. ALEX. T. OALT.
NEW YORK
17 Nasftan
PAID
LTp
St.,
New
CAPITAL.
Tork.
$1. 000.000*
Poaljtnated aa a leKiil depository by order of Supreme Court. Uecelve deposits of money on interest,
act aB fiscal or transfer ii«eiit. or trutntee for corporaUoiu and accept and execute any letfal trusts from
personA or corporationa on as xaToruble terms as
other similar companies.
UILLIIOUSE, Preslden,.
FKKDEiUC D. TAPI'KN. Vice-President
Secretary.
J.
THOMAS
WALTKU
&
WILLIAM STREET.
FIRST-CLASS
20
BEOAD STREET, NEW YOEK.
H.
connected by
NEW
J. P. WINTRINOeAM.
GAS, INSURANCE, BANK STOCKS,&0.
Geo. K.
•'
NASSAU
ST.,
T.
IT
Sistare's Sons,
NASSAU ST., NEW YORK,
DEALEB3 IN
FIRST-CLASS
Boy and
IIDTESTSIENTS.
on Commission, for cash or on margin, all securities dealt In at the New Tork Stock
Exchange.
Interest allowed on dally balances.
Bell
Alt deposits subject to check at sight.
Parttcalur attenttoa to orden br BUtU or tele-
graph.
tlS 00
«
74
SI
00
'
S3
18— a,«B3,70O 00
SCUK.NCK.
Cashier.
Subscribed and sworn to before me this I9lh day of
March, 1883.
V. A. K. Bkyax,
Notary Public. N. Y. County.
Correct—Attest
WM. P. ST. JOUN, 1
CHA8. M. VAIL.
\ UlrMton.
:
ISAAC WALLACH.
)
Financial.
Seaboard Bank,
New
York.
Broadway,
N. K.
9500,000.
W.A.PULLMAN
8.O. BAYNB
President.
Vice-President.
Caahler
8.a.NKLSON
DIRECTORS
D. O'Dat.
Cbaklks Whekijh,
n. Meulex,
Jos. Seep,
J. J. VANI>EROBarT,
W. A. Ross,
B. O. Batne,
L. H. Smith,
W. A. PULI-MAN.
Solicits deposits from banks, on which lltMral Intwon diiHy baliinces. Blake. oolleetion.,
transacts a KOnorul bunking bu.slnesa. Make, call or
time loans on Oil Certificates, Produce Kecetpt., BUla
of Lading and other marketable aecurttlM.
RAILROAD BONDS,
FIRST-CLASS
PAYING
5 Per Cent to 7 Per Cent
FEB SNNTJU: ON AMOUNT INYESTSD,
FOR BALE BY
TOBEY
dc
KIRK,
BROAD STREET, NEW YORK.
DEFAULTED SECURITIES
No. 4
full
market
rates,
when desired.
—^^
BROADWAY
BKCDJUniSS BOUGHT AT THB AUCTION SAXIS.
36 PINK 8TRKBT, N. Y.
Bee advertisement in the JourruA o/ ComT»«TC«.
21
V. B.
lief.
—
TOllK.
Uttnber of Now York Stook Exchange.
Stoeioi and bonds bousht and sold on commission
for ooab or on approved margin. CoUectloiu mode In
United 8UUW and Enrope.
&
108^7 VT
7C6.000 00
:
taken In payment at
L. Grant,
prlTSte wire. Norwich. Conn., Uloucester, Mass., and
ISl Ifevonslilre Street, Boston, Mass.
19
110100.000 00
I5S.000 OO
Total
I8,«7S,M0«
State of New York, County of New York, sf
BCHSNCK, Cashier of the above-naaed
I. V. B.
bank, do solemnly swear that the above itatement la true, to the best of my knowledge and be-
Railroad Securities a Specialty.
Intimate knowledge of all for paat fifteen year*.
Information cheerfully glren. Investors or dealer,
wishing to buy or sell are Invited to communicate.
All stocks dealt In at New York Stock Exchange carried on margins.
No. 146
C. H. Bachem,
(LATE LIMBEBT & CO.),
BANKER AND BROKER,
In
UndlTliled proflts
National bank notM oat.tandlng
DiTlduuds unpaid
IndlTlduat dopuslts subject t.>check
la.iai.sw
Demand ctfs. of deposit..
».187
IB8,«SH
Oertlned checks
Cashier's chocks outst'd'g
77,.V)0
Due to other Nat'l banks. 2,607,109
Dae to Stat. bk. & b'kers I,4S:,00S
Foote,
Offices,
|M7S,8Ma«
uABiuma.
CaplUI stotkpald
Surplus fund
Investment Bonds.
H. Smith,
STOCK AND BOND BROKER,
NKW TOBK.
BANKERS, No. 12 \l^all Street, N. Y. CITY RAILROAD STOCKS ft BONOS
We make U. S. Bonds and Investment Securities a
BOUOBT AND SOLD.
Aeclatty. execute orders In STOCKS and BONDS
fcr cash or carry tho same on murgln. We transact
Bee qnotatlons of City Railroads in this paper.
ageneral HANKINU buHincas and ALLOW INTEKB3T on DKI'OSITS. Brunch
Total
M
H,4«8 87
CAPITAL
Fred.
BUmiN.
Hatch
171.1173
State bank.
'Welles Bulldlns, 18
Investment Bonds.
OFFICE;
Metropolitan Trust Co.,
•
oth<tt National
cst will bo p:iUl
BBOADIVAY.
Nkw Tobk Dirkctohs.— Joseph W. Drexel, A. L.
Hopkins, U. Victor N'ewcomb, John Paton, Daniel
Torrance, Kdw. F. Wlnalow. Krastus WIman.
Transacts no other business.;
6WJM74
Bederapt'n fund with U.
H. Treasurer 15 pr. M,
of circulation)
REED & HURLBUT,
OF NORTH AMKRICA.
«,se4M
for CiMrtsg
Organized under the State T.aws of
interest allowed on deposits.
Inreetments carefully attended to.
Casta Capital
Caali Assets over
No. 178
House
Due from
Transact a Keneral bankinx and brokera«;o bus!
ness In Railway Shares and Bonds and QoTernrnt nt
•eoarltles.
Fronds of Suretysliip
other oaab
Items.
BzchangM
No. 4S Wall Street.
[EatablUhedl854.]
81
^'
U. H. bonds to seenr. etrevlatloo
Other stookj. bonda and mortgage. ....
Real estate
Current ezpeoMs and tax*. p<ld
Premiums paid
Specie
tMl.liM(
Ixigal-tender notes
S7;t,IO0 (
Bins of other banks
77.8M I
and bunkers
BANK BUILDING,
"
WSMiAK
^^
OrordrafU
banks
EMTRANCB THROUGH THE BANK.
XTNITED
asKiuaou.
I/oansand dIsooanU
Due from
BROADWAY.
aie
MERCANTILE NATIONAL BANK
New York, In Ih. Mate of Nnr Tork. at tha
eloH of boalnMs March IS, lasS:
Checks and
The National Park Bank
Statoaimit.
J^BPOar OK TIIK CONDITION OF TUB
at
NEW YORK.
STRBET,
No. 34 IVALI.
Bonda
W.
c.
Its
«1, 000,000.
IntorCBt Coupons piiyH»)I« Jtlly 1 ftnrt Jan. I.
BonilH rettlfttpri'i! to onlor or iMiyitblo to b«arer at
option. Tliono b<indHurocoiDmendeiltothetttt«nUoa
of tlio ino»t CTinstTvutlYO InTOaton,!* thojare D«ItertKl to b« iia iHTfoct a aocurlt; a> can be obtalnea.
A paniplili't with full Information wlU ba aant on
a^pllcatlun to tho cotupuny'B oni(*e.
Thomas Wigoi-khwohtu.
W.
ioatiru e. LLoro.
The New England
fi
Bank
FInanotal.
Financial.
C. Walcott
&
Co.,
BANKERS AND BROKERS
New York.
No. 3 Pine Street,
Transact a Qonernl Banking Business; Biiv and
on Commission, for caah or on margl^.aU SeonrltiM dealt in at the New York, Philadelphia, Beatoo
and Chicago Stock Eichangea.
BrancU Office, 320 Broadway.
Members of IhoN. Y. PtoA
Joa C Waicott
KUANK K. DIOKINHOV. iiind Mining Stock E.lch'goa.
Sell
/
R.T.Wilson
&
Co.,
BANKETtS AlTD COMMISSION MERCHAHT8
% ExcaaDse Coort H«w York.
No. 21
NABSAU STREET,
SIALKB IN
CITY RAILWAY STOCKS.
QAS STOCKS.
Telegraph and Cable Stocks.
TRVST COS.' STOCKS.
Bank
Insnra nce Stocks.
Stocks.
DESK ROOKI TO LET.
M. Gillespie
I NSURANCE SCRIP, Ac
J.
No. 1
Member
HASOVER
ST.,
.
NEW YORK.
of N. Y. Prod uce and Maritime Kxohangea,
E.
S.
f
Bailey,
PINE STREET.
USAI.IKOB IX
INSURANCE STOCK*
A SPBCIALTV.
tfcar
raah oald at onee fo» the above MoartttM ( at
THE CHRONICLE.
Financial.
Financial.
&
TO THE CREDITORS
Prentiss
Staples,
Late City of Selma.
AND
mONTAGUE
SOS
BROOKLITN.
ST.,
Financial.
Wall and Pine Street
OFFICES TO 1,ET.
OF THE
STREET, NEXT IfOKK
No. 11 WAIili
Under and by virtue of an Act of the General Assembly of the State of Alabama, entitled " An act
to vacate and annul the charter, and dissolve the corporation of the City of Selma, and to provide for the
THE WHOLE OR PART OF THE LIGHT AKD
COMMODIOUS OFFICES on the FIRST FLOOR OF
AND
application of the assets thereof to the puymont of
the debts thereof," approved Dec. 11, 1873, tho said
corporation has been dissolved ; its power to levy and
collect taxes for the payment of its debts has been
resumed by, and lodged in, the State ; and the under-
«AS SECrUITIES,
Street Ilailroad Stocks and Bodids,
AND ALL KDTDa 0»
BROOKLYN SECURITIES
DEAIiT
IN.
SEE GAS QUOTATIONS IN THIS PAPKE.
CibubB. Staples.
Geo. H. Prentiss,
Member N.
Y. Stock Exchange.
signed have been appointed CommlsBionera to apply
the assets to the payment of its debts, and to negotiate with its debtors a settlement of tho balances
which may remain due.
By virtue of a subsequent Act of said General Assembly, we are further authorized to make and enter
into a^eements with the creditors of said corporation, for the settlement of Its debts, and to issue
bonds, in tho name of the late " City of Selma," to
carry such agreements into effect subject, however,
to the approval of the City Court of Selma. which is
a State Court of general jusisdlctlon. And in order
to secure the payment of said bonds, and the interest
thereon, the General Assembly, in and by the act last
above mentioned, has levied an annual ta.T of five
mills on the dollar, upon the value of all ta.Tablo
property within the territorial limits, formerly
embraced In the City of Selma, and provided for its
collection and application accordingly
and has
pledged the State to increase said rate of taxation,
from time to time, if necessary for the payment of
the principal and Interest of said bonds, to a rate not
exceeding the constitutional limit of one per cent
per annum and has reserved this power of taxation
to the State, to bo exercised through the agencies
and machinery of the State government, free from
the influence and control of local authorities.
We have entered upon the discharge of our duties,
and desire to bring the business to a close as speedily
as practicable. The outstanding debt amounts to
about four hundred thousand dollars, and bears interest at the rate of eight per cent per annum, payable semi-annually. It was contracted many years
ago, in aid of railroad enterprises, in anticipation of
correlative beneflts, Increased population and enhanced values, which have not been realized and
but few of those who were inhabitants of the eity
when this debt was contracted now reside, or own
property, within its limits. During all this period,
taxes for the State, for the County, on behalf of the
public schools, for tho government of the city, and
for tho payment of the interest on said debt, have
;
Albert E. Hachfield,
17
NASSAU STREET.
Bonds and luvestmcnt Securitie§
TT A N T E »:
Indianapolis
&
St.
Louts
Ista.
with entrance also on Pine street, having a frontage
of 24 feet on the latter, large and Improved safes, ana
open flre-piaces and grates.
Also a suite of offices on tho third
& Northern
Indiana
Cincinnati Hamilton
A
Missouri Eansas
Ists.
& Dayton
Texas
Bonds.
Scrip.
;
N. T.
Brooklyn
Beers, Jr.,
Securities, City
Gas Stocks,
No.
Bond§,
dec.
NEW STREET,
1
NEW
TOBK.
To
Investors.
BROOKI.YN AND NEXT ITORK
FRANK
16 Ceurt St,
31 Pine
NEW
J.
WALL
St.,
been regularly levied and collected, and faithfully
disbursed. Those taxes have amounted, In the aggretwo and one-half per cent per annum,
upon the value of property. In addition to income,
occupaticm, and personal taxes, and the like. Anxious
to discharge their obligations, the people have borne
these heavy burdens with commendable patience. In
the hope that in the progress of time, the debt would
be greatly reduced, and iltlmately extinguished. In
this they nave been disappointed; the debt has continued to increase, while tlielr ability to discharge it
has diminished. A portion of the debt has matured,
and been reduced to judgment, and tho remainder Is
rapidly approaching maturity. As the matter stood
the Interest could not be met as it accrued, much less
the principal; and with this heavy debt outstanding,
and while such onerous taxes were iinnuallv levied
and collected, there was no reasonable hope of improvement in the prosperity and pecimiary condition
of the people of Selma.
Tho creditors of the city, we respectfully submit, owe It to their own interest, as well as to
the circumstances of tho debtor, to make such
abatement of the debt, and such agreements In reference thereto, as will enable the people to carry tho
burden, and Insure the punctual payment of the principal and Interest of the bonds which may be Issued
under the provlsiuna of tho act aforesaid, according
to the tenor and effect thereof.
And in view of the
pecuniary condition of our people, the shrinkage In
value of their real estate, and the character and
amount of the debt, we will undertake to pay, to such
of said creditors as are willing to accept It in satisfaction, fifty cents on the dollar of the principal and
accrued mturest of the debt to July 1, 1883. payable
in cash, at such time as may be agreed upon and
to such of said creditors as prefer bonds, as provided
for in said act. to be u.sod and received, In discharge
of the old debt, upon such basis of the scaling or
abatement tliereof, as mivy be agreed upon, we offer,
and propose to isiuo said bonds, bearing such rate of
RAILROAD
gate, to over
STOCKS
Chew,
C.
No. 7
BONDS,
GAS STOCKS,
YORK.
STREET,
TEXAS RAILTTAirS,
NEW YOKK.
BONDS, LANDS,
&.c,
Dnirable Texsa Becoritiei tor Investment conBtactly on hand.
WESTERN
UNION TELEGRAPH
COMPANY, NEW YOHK. March M.
1883.
DIVIDEND No. 63.
.,Tne Board of Directors have declared a quarterly
olTldend of One and Throe-fourths per cent upon the
Oapttal stock of this Company, from the net earnings
Of |p« ttree months ending March 3l8t lust., payable
ttbe office of the Treasurer on removal of legal reitntnt prohibiting such payment, on and after the
•Ixteenth day of April next, to shareholders of record
on the 20th of March instant.
The transfer books will be closed at 8 o'clock on the
afternoon of March SiOth Inst., and opened on the
morning of the 17th of April next.
B. H. ROCHESTER, Treaaurer.
QFFICE OF THE HOmESTAKE
MINING COMPANY,
TOBK, Mar.
18
WALL
NEW
STREET,
18, 1883.
;
DIVIDEND NO.
85.
The regular Monthly Dividend of Forty Cents per
»6are has been declared for February, payable at the
OtBce of the transfer agents, Lounsbery & Haggin, 18
Wall Street, on the 26th inat.
Transfer books dose on the aoth inat.
Interest, and payable at such time and place, and on
such other terms and conditions, within the limitations of tho act aforesaid, as may be agreed upon In
the conference which we Invite.
In order to facilitate negotiations, adjustment and
settlement, wo respectfully suggest that the creditors appoint agents and representatives here, authorizort to act on their behalf, to the end that, upon
conference with us, and a survey and consideration
LOUNSBERY A HAGGIN, Tran sfer Agents.
rpHE OREGON & TRANSCONTINENT.
AL COMPANY, NEW YouK, March 15, 1883.
A Quarterly Dividend of One and One-half per cent
of the situation. Including tlie condition and debtpaying capacity of the people and property within
the territorial limits aforesaid, a solution may bo
speedily reached, and an agreement made, alike
equitable and Jiwt to tho creditors and debtor.
Our term of office Is limited by law. and an early
response is respectfully requested.
WILLIAM B. GILL,
(IW per cent) on the capital stock of this
win be paid on and after April 16, 1883, at theCompany
office u*
"">•»
of
the Farmers' Loan and Trust Company
rhe transfer books will be closed March 31, 1883
and reopen April 17 I8«3.
'
C. A.
SPOFFORD,
'
Assistan t Secretary.
HORACE H. STICWART,
County, Ulty & Town Bondaol Went.Mtntn.
Wisconsin Central KH. Old Land Grant »uuu»
Bonds
& Western RB. stock.
i PaclUc Kit. Ilonds.
KMILEGILLMAN,
Commissioners of the City of Selma.
Selma, Ala., Feb. 20, 1883,
8t. Joseph
8t. Josepli
City of St. Joseph Mo.. Old Bonds.
International Improvement Co. Subacrtntlona
Brooklyn Klevated Kit. Securities.
American ('Hble Co. Subscriptions.
Schuyler
Midland Itiiilroad of N.J. Securities.
Chicago 4 Grand Trunk RR. Securities.
South Carolina RR. Securities.
Grand Kaplds Jt Indiana HU. Stock.
Cincinnati Richmond A Fort Wayne Stock
BouKbl by Win. K. IITLEY,
fio 31 PUJK £ TUKKT, NBW
VoBK
with use of
Apply ou the Premises.
Welles Building.
Some
offices, both large and small, suitable
for
Banking, Insurance, Brokers, Lawyers, and other
business purposes, are still unlet in this magnlfloent
building, situated on Broadway and Beaver Street
opposite Bowling Green. This building Is so thoroughly flre-proof that the owner has no Insuraaoe
thereon whatever. Tho boiler-room is outside and
separate from the building, which avoids all dan.
ger from explosion. Every office is well lighted and
ventilated, and the plumbing work is on an entirely
new system, and so constructed as to exclude sew«
gas and noxious odinji of every kind, and every office
is abundantly suppfed with pure spring water from
an artesian well on the premises. For rent and particulars apply In said building to
M. VAIE,
Itt.
New
No. 18 Broadirajr,
A
York.
Railroad For Sale.
The Washington
Cincinnati & St. Louis Raih'Md,
47 miles of right of way,
grading, &c.. and !3.259 acres of mineral leases, wul
be sold by us ujider decree of court, on Saturday,
April 7th, 1883, at public sale, at Harrisonburg, Virginia. For further information write to either of tho
undersigned, or c;ill at office of Chronicle for memorandum, &c.
with
its charter, franchises,
J.
W.
JOHN
JOHN
O.
8
ALLBMONO,
F.
UAHRIS, Jr.
ROLLKN,
W. BERLIN,
T.
K.
1
(Commissioners,
f
UarriaonbuiB,
• Vs.
)
% First Mortgragres
ON
;
SECURITIES.
B. BEERS, CITY
BBOOKLTN.
floor,
elevator.
;
JoUet
TVALL STREET,
56
:
OAS STOCKS
XXXVI.
[Vol.
N.Warren & Co
51 Excliango Place.
IXVESTMEKT SECURITIES.
.
i
Clty.KaUroad, Gas, Electric Light and MlsceUaneool
Stocks and Bonds.
COTTON PLANTATIONS,
WORTH THREE TIMES THE LOAN.
For security, profit, income and area, these afford
most desirable Income security in existence.
These investments are made under our personal
supervision, and are only to be obtained during tho
Winter Months. Send for circular.
tlie
FRANCIS SmiTH
Sc CO.,
VICKSBUR6, MISS.
COLUMBUS, MISS.
INDIAN.\POLIS, IND.;
MONTGOMERY, ALA.;
Company
Central Trust
OF
15 Nassau
KEW
St.,
YORK,
Cor. of Piae
CAPITAL, $1,000^ in U.
AFltU $1,000,000
S.
St.
Bonda.
SURPLUS.
Allows Interest on deposits, returnable om demand,
or on spe^IOt^d dates.
Ih a legal depository for money paid into Court. Is
authorized to act as Executor. Administmtor, Guar*
dian. or In any other position of tiust.
Also as Itegistrar or 'J'mnafer Agent of Stocks and
Bonds, and as Ti ustee for Railrotid Mctirsges.
V. Sl'AULDl.NG, President.
HKNRV
FRKDKRICK P. OLCOTT,
KKM AN.
B. B. Sll
C. H. p. BA
i ,„„. r.....,,»-».
VIce-PresldenU.
)
liCOCK. Secrclnry.
GJIORGB SUEK.H.VN,
Assistant Secretary.
BOARD OF TRUSTEES,
Class of
1884.
Class
op' 18815
Class OF
1886.
A. A. Low,
S. D. Babcock, David Dowg,
Kred'k H. Cossltt. 1. N. Phelps, (ieor;fe W. l,ane,
Jac'bD. Vernillve Jno. Thome,
Ilonj. n. ."^herujotl.
WmAllen Butler Amos R. Eno, J. I'ierpont Morgat
Percy R. Pyne,
(inst'v Schwab elms. L;iiiior.
Wra. II. Appleton J. P. Wallace, George I. Seney,
E'lm.
W.
(.orlien.
JosiahM.I'iske f'has. G. liiindon,
Oeo.MacCMIller. H.F.Spauidlng Wm. H. Webb,
J. S. Kennedy, Fred. P.Oloott.
CoruellusN. Bliss
Oeo. F. Peabody.
Spencer Trask.
Spencer Trask & Co.,
BANKERS AND BROKERS,
70 Broadway,
New York
City.
Transact a General Banking Business
Stocks
Bought aod Sold on Margins.
Allowed on Deposits.
Interest
Bhascu Offices,
Connected by Private Wires,
Philadelphia, 132 So. Third
Albany ,N.Y., 65
St., C.
F.FoX,
& 67 State St.,W,A,GRAV2a
Saratoga, N. Y., Grand Union Hotel.
xmtk
HUNT'S MERCHANTS' MAGAZINE,
JEPRESKNTING THE INDUSTRlALi AND COMMERCIAL INTERESTS OP THE UNITED STATES
f Bnteied,
aooonUii« to act of Congreaa, In the year 1883, by
VOL.
Wu.
B, Djlsjl
A Co.. In tbe office of tbe LlbrarUn of Oongreaa, Wuhlugton,
D. C.|
SATURDAY, MARCH 17, 1883.
NO. 925.
bond even at 104, with the current rate of interest formoney
CONTENTS,
36.
at 6 per cent, could be
THE CBBONICLE.
nik Circulation andOoTerninent Bondn
I'lie Fiuunclal Bttuatlun
Illlnnla Central
Tlio 8t. Pujl's Floutlug Debt
Tlio
Situation
In
Whither Drifting
205
296
298
299
Muuetury
and
301
Commercial
English News.
302
Couimorolal and Mlsoellaueous
.'
News
303
THE BANKEK8' QAZETTB.
Money Market, Foreign Ex-
Quotations of Stocks and Bonds
New York Local Scourltio;*
Hatlread Earnings and Bank
Koturns
tnrestmeuta, and State, City
and Corporation FluaHoes..
change, U.S. Bvourltlea, State
and Railroad Bonda and
BtookB
305
Bange In Prices at the N, Y.
Stock Exchange
306
THE COMMERCIAL
314
Cotton
314|DryOood8
|
307
308
309
310
TIMES.
Oommerolal Epitome
320
321
Breadstufta
made
to
favor of taking out circulation.
Franco—
show a nominal balance
It
is,
in
however, correctly
termed nominal, as the calculation makes no allowance for
premium by the speedy redemption
the possible loss of tho
of the
bond or
for
to for incidentals
many
little
extra expenses a bank
ia
pat
connected with circulation, and farther
it is the compounding of interest on its
whole capital every 90 days by the bank, and therefore the
much higher average rate than 6 per cent, which enables
for the fact that
the bank to pay taxes, running expenses, and after that
dividends.
Hence, although as we say there has been
hitherto a nominal profit in keeping circulation, yet ever
since the conversion of the 3^s into 3s
Ttal CoiOiERCiAL AND FiHASCiAL Crboxiclb is pvblished
Next York every Saturday rnorning.
i
I
Entered at the Post Office,
New York, K.
Y., as aecond-oloas
TERMS OF SUBSCRIPTiON-PAYABLE
IN
mail matter.
$10
6
3s to a
premium
(that
i?,
and the
rise of the
ever since October came
in)
the
Comptroller's monthly statement, as t6 issuing and retiring
I
AOVANCEi
For One Year (Including postage)
ForSlxMonths
do
Annual aubacrlptlon
Blxmofl.
do
in
20.
10.
London (Including postage)
A2 7b.
do
do
1 Ss.
Subscriptions will be oontinned nntU ordered stopped by a wriiUn
order, or at the publwiUtyn offU€. The Fubll.sliera cannot be responsible
tor Hemlttanoes onleaa made by Drafts or Post-Office Money Orders.
Iitverpool Ofllce.
n>e omoe of the CnsoinCLE m Liverpool Is at No. 5 Brown'a BnlldIngs. where subscriptions and advertisementi; will be taken at the
regular rates, and sinele copies of tlio paper supplied at Is. each.
A neat file cover Is furnished at 50 cents postage on the same la 18
eents. Volumes bound for subscribers at $1 00.
In
bank notes, has shown a small but constant decrease.
Thus the total bank notes outstanding October 1, 1882, was
$362,077,630 and on the first of March, 1883, it was
—
alossof about 1^ millions in the 5 months,
nearly nine hundred thousand dollars of it being lost in
$360,566,380
February.
The
fact therefore to be
borne in mind
since the conversion of the 3^s into the 3s
rates for the
is
that
and the high
bonds which have subsequently ruled, the
taking out of bank circulation has been unprofitable.
:
WILUAM
JOB«
DKHX.
FLOYD.
B.
WILUAM
DANA k
B.
00., PabUshtrs,
79 fc 81 WUliani StrMt,
YORK.
I
NEW
"With such conditions, then, our banking institutions
come under the operation of the new law
tax on bank capital. That tax was ^ of
BANK CIRCULATION AND GOVERNMENT one per cent on the average amount of capital in excess of
Thus up to the
that invested in United States hands.
BONDS.
The internal revenue portion of the tarifElaw passed by present time there has existed a premium of ^ of one per
O.
i
POST Offick Box 953.
are about to
taking
ofi the
Congress, has incidentally aEected the currency question
cent in favor of keeping capital in United States bonds,
This seems to have been
and to that extent an inducement to retain the bonds
which were the basis for the circulation, and therefore for
In other words, under the
retaining the circulation.
old law, here is clearly a premium of ^ of one per cent,
which has always been given to the bank taking out circulation, while now, under the new law, this inducement
or profit is wholly gone; hence to the extent of this old
tax on capital the net result to the bank on the currency
in quite
a sensitive point.
hitherto wholly overlooked, both in the discussions during
the consideration of the
the results. The truth
is
made up
particulars,
of so
so
is,
many
bill
and
in the later
comments on
the circulation of the United States
sorts
and
kinds,
and
is,
in several
unresponsive, to natural forces,
keeping pace with
that in
varying phases, one has not only to
follow the ordinary commercial influences, but perhaps
its
more especially to have a constant watch over legislation it holds is of course less favorable.
The retiring of bank notes is also in a measure facili•nd Treasury regulations.
The point we now have in mind ia the effect on bank tated by the provision in the Bank Extension act of Jnly,
note circulation of the remission by Congress of the tax on 1882, authorizing banks of $150,000 or less capital to
bank capital. These two facta may seem at first sight to diminish their bond holdings to one quarter of their capihave little relation to each other, but a moment's reflec- Ul. At the time the act passed, the Comptroller sUted
tion will show that they are very intimately connected. that there were 1,341 banks which would come under
It should be remembered however at the start, that the tho provision in question; that is to say, there were within
actual profit to the banks on circulation has been for a con- the national system that number of banks having each $150,d^atable question. We say this while well 000 or less capital. Previous to that date every organiknowing that, previous to the repeal referred to, a 3 per cent zation under the national law (even those with bat
siderable time a
.
.
,
THE CHRONICLE.
296
was required
capital)
:$50,000
in United States bonds; and
been accustomed
all
to
keep $50,000 invested
of these small banks
amount
carry the full
to
XXXVI.
[Vol,.
and the corporations,
receivers, trustees, directors, or others
owning
or operating the same, and also by all sleeping
and drawing-room car
or corporations, and by aU other associations,
partnerships
companies or corporations engaged in transporting
passengers or freight
upon any railway as lessees or otherwise."
have companies
of circulation
they were authorized to take out. But now, as we see,
If the State Commission would only follow
the revenue law takes away the advantage hitherto
up the idea
and
spirit of this resolve, with the purpose of
derived from holding bonds, and hence takes away just so
forcing into
much of the profit on circulation, while the Bank Extension broad day-light all acts in reference to bond and stock
act permits the reduction in the amount of bond holdings. issues, and of giving speedy publicity to all the traffic
Thus in a particular where there was only a debatable returns and expenditures of the roads under its control,
made up on
a uniform basis,
have given the best posexistence.
To be sure,
any doubt as to the result, and do not such conclusions New York State is not the country. But let us set our
suggest that this question of bank circulation is likely to own house in order first, and we shall go far towards
become a very urgent one by the time the next Congress building up an enlightened public sentiment which
will make openness and straightforward
meets ?
veracity the
among directors and managers and not the
It may be asked whether some change may not be rule
advantage, the law comes in and removes one half of one
per cent from the profit side of the account. Can there be
effected in the conditions attending the taking out of cur-
sible
it
will
proof of the necessity for
its
exception.
A
humorous phase in railroad management has lately
rency and whether some relief in this particular may not
grown
out of the matter of floating debts, and the queer
be reached through lower market rates for Government
twists
and turns their manipulation appears to make
That is of course in a measure possible; and
securities.
desirable.
There is certainly nothing marvelous in the
when we remember that not only national banks, but
also
banks,
State
private
now
and to some extent
inducement than heretofore
banks,
fact that a road,
which
is
pushing
finds its cash account in arrears
extensions rapidly,
its
it would be almost
would certainly seem as if the supply marvelous if it were not so. But only harm comes in try.
afloat might increase. "We leave that question, however, for ing to make an asset out of a debit.
Rabelais's facetious
announced that he had
the reader to settle for himself, remarking simply that at will which
nothing, he
and the rest he gave to the poor
present prices the tendency to retire bank notes must owed much,
conceived
in
much the same spirit.
hereafter become more active, and the temptation for was
A
savings banks, have
for holding bonds,
less
in fact
;
it
—
better policy perhaps than this, though
we do not advowould be to follow the plan adopted by a celebrated banking house during the war, which, while the
THE FINANCIAL SITUATION.
Government was increasing its obligations daily by milThe past week has been conspicuous mainly for the lions, used to console and humor the people by considering
high rates of intere^ which have prevailed here for the whether after all a public debt was not a blessing. A
steadier tone even under this adverse condition of our debt may in some sense be a blessing adversity not unbut we can conceive of no condition in
Stock market
for the continued, though irregular, frequently is
retrograde movement in the breadstuffs speculation under which, or process worth adopting by which, the debt
banks and bankers to hold Government
securities
must
cate
diminish.
it,
;
—
—
;
a return of favorable weather in Europe and America for itself can be figured out of existence.
crop development and farm work and for the improving the attempt.
It will not
pay for
;
feeling
Among the unsatisfactory exhibits made public
among manufacturers and mercantile classes
many failures which have become so week is the abstract of the Wabash report for 1882.
notwithstanding the
this
It
is more remarkable, perhaps, for what it omits than
important a feature in tne situation.
for
circumstance also which marks the week, as it like- what it proclaims.
The total of the funded debt is menwise did the previous one, is the great number of railroad tioned, and gross and net earnings are given, but there is
reports which have been made public for the calendar no statement of the income account.
Not even the
A
year of 1882.
Two and
—
a half months are undoubtedly interest and rentals paid Supposed to be essential items
and doing the in interpreting the year's results are furnished, though
—
required for gathering in the returns
,
work, where long, elaborate and detailed statements are
prepared.
But to withhold information on most points
through the year, and then two or three months after the
year closes to give the public a few totals without the means
no pains are spared to place the net receipts for 1881
alongside of those for 1882, so as to make it conspicuous
that there has been a gain in that particular.
give
We
here, as
we have not had room
to
do so elsewhere, a com-
of proving their worth, is the treat most railroad man- parison with previous years, so far as this year's reagers now-a-days offer investors. Not infrequently—
port permits us to make it.
as
is the case in some instances this week
in examining
—
the
a
figures
desired
creasing
thus
result
or
pushed
has
out,
evidently
increasing
it
can
been
running
1880.
be
seen
forced
expenses,
that
by
or
de-
by
Mileage end of year
Gross earnings
Operating expenses
.
.,
3,518
$16,851,690
11,664,752
$4,640,763
33,601
$3,674,846
277,245
$5,186,938
328,760
$4,674,364
$3,952,091
$5,515,098
$483,255
2,057,380
514,569
$1,009,079
3,447,027
637,504
.
bility the
rule,
not the exception
now
;
it
is,
therefore,
with the utmost gratification we learn that at a
meeting of
the
State
Kailroad
Commission
held
last
week
Eontals paid
Interest on debt
Taxes, rent of oars,
&c
Total payments . . .
1882.
3,348
$14,467,789
10,792,943
Not earnings.
turning trafBc temporarily on or off a given line,
or by a Other receipts.
mere fiction in book-keeping. This manner of dealing
Total income
Zess—
with the public has become in varying degrees of
culpa-
1831.
2,479
$12,423,112
7,787,349
(I)
(!)
m
$3,655,184
.$5,094,210
Sur.$l,019,180 Def *$1, 142,119
Mr. Bemainder
(1)
(J)
O'Donnell oUered the following resolution.
"Resolved, TUat every raUroad coloration in
the 8tat», In adflltlon
to its annual report to tlio Board of Railroad
Commiesioners be required to nialic quarterly reports, beginuins witli tlie
Urst day of Julv
upon forms provided by this Board, showing Us financial
condition and
that SUCH reiwrt be published at least once in a daily
newspaper nubashed at the place whore the principal office of such
railroad oomp-mv
ehaUbe; and bucH report BhaU bo made by all railroads
and
raUways
* This was Increased by divldenda paid upon preferred stock to a dell
Clency of $2,472,037.
The above
interesting.
year.
it
begins to be
Rentals must certainly have increased this
How much
not know.
1882 just where
stops for
shall
Interest
on
we put down
debt
for
— which
them
debt
?
We
do
the exhibit
March
1888
17,
THE CHRONICLE.
J
announcea to be $70,000,000
— must reach somewhere near
Importers therefore must be content to bring onk Britiah
$4,600,000, as the most of the company's obligations are
The report of last yaar gave the interest
at 7 per cent.
sovereigns or
on the debt outstanding, February
for
$
at
1,
4,380,082.
and leaving the
millionB,
Calling then the interest 4J
taxes, rent of cars &c. the same as in 1881, the reader can
work out the amount
•Bsily
It
of the deficit.
proposed
is
property instantly valuable by hitching
whereas the Iron
it on to the Iron Mountain road
Mountain is apparently only able to work out a satisfac-
now
to
make
this
;
tory balance in
its
own
favor during
1882,
by a kind
of
book-keeping which decreases expenses more than a million dollars compared with the previous year.
Considering the fact that money
so active, the stock
is
market has been pretty firmly held
leaders
have,
lo
the
best
week.
this
The
ability, resisted the
of their
tendency or efforts for a decline, and as often as prices
2e7
American
coin.
pay the advanced price for floe ban or
Of course, in the absence of demand
sterling, those
holders of commercial
bills
who can
them are not pressing their offerings on the market.
last week made up the shipments of gold afloat at that
retain
We
The withdrawal oa
which we announced in our last,
we have since learned was consigned to Speyer & Co.
date,
about
at
4
million dollars.
Friday of £200,000
The Adriatic arrived here yesterday with £100,000, the
first consignment to the Bank of British North America.
We hear as we write of a further shipment to-day
of one million marks ($250,000) from Bremen and
£20,090 from Havre.
Money has continued very active during the week and
borrowers have been comptlled to resort to the Stock
Exchange for funds which they could not obtain at the
banks, the latter being so low in reserve as to prevent
them from making loans with their usual liberality. There
does not seem to be much prospect of any effective
relief
to
the market
speedily.
The gold now
in transit from Europe will not be available until next
week and will not appear in the bank statement until the
posed to lease that property to the St. Louis Iron 24th inst. Meanwhile the demand for customs is likely to
Mountain & Southern, which in turn is already leased and be large, and the inquiry for the interior shows as yet but
The manipulators appa- little indication of abating. It is reported from Washingis a part of the Missouri Pacific.
the Treasury is
rently forget that all three of these roads are virtually now ton that the Acting Secretary of
the cliques would come to the relief of their specialand move them up again. Advantage has been
taken of the declaration of an increased dividend on
Western Union, to advance the market price of that
The Wabash stocks have been pushed up on
stock.
the rumor already referred to that the managers profell off,
ties,
under one management, and possess whatever advantage indisposed to anticipate the payment of the 120th call
they could obtain by such au alliance. The trunk-line for bonds, or indeed to make a new call for extended 3^8
If this be true, the supply fro m the Treasury
shares have been favored by unofficial reports of enormous at present.
will be confined to the payment of $7,389,713 50 interest
traffic receipts during late weeks, while the South westerns
on the 4 per cents, which is due April 1, and lo the
have felt the influence of official support.
It is almost needless to say that non-professionals are redemption of $2,000,000 called bonds owned by this
out of the market as buyers at present, and while money State, which the authorities have requested shall be paid
The overdue called bonds come in very
continues so active all small speculators must stand aloof. on that date.
And yet the conditions are such that valuable properties slowly although there are nearly $14,000,000 still outUsually about
are well held. The truth is, earnings continue satisfactory, standing, interest on which has ceased.
the
1st
April
there
amounts
of
produce
of
is
a
demand
upon
this
centre from
large
the
and in view of
the
during
East
and
other
near-by
points
for
funds
for
the semithat
they
must
it
is
felt
moved,
still
be
to
summer compare very
the
favorably with
We
this
week
have received
the Chicago Burlington & Quincy
the
for
net
last
year.
figures
of
We
see
January.
that the gross earnings record a falling off of $33,000, but
as operating
expenses decreased
were actually $37,000 greater than
$70,000, net earnings
last
year and larger than
annual settlements.
year as
it
absorb about
and what
If
this
inquiry
is
as urgent
this
demand may possibly
money now on the way from Europe,
has been previously, the
is
all
to
of the
Treasury, thus extending
The Treasury operaweek ended the 16th appear to have resulted
the period of
tions for the
the
come out
activity into April.
The special significance of this, is the fact in a gain, which is a loss to the banks, of $2,436,277.
Western
roads sustained heavy losses this year The interior movement is as follows.
that many
on account of snow. The Burlington & Quincy, being
ever before.
further South, probably suffered
much
less
than such
ReeeipUal andShipmerHtfromlT. T.
To show how
St. Paul or Northwest.
Qold
compare not only with 1882, but also
Total
with 1881 and 1880, we have prepared the following
as
lines
the
the
figures
Keeeived.
nipped.
$1,007,000
21,000
$1,339,000
tl.028.000
(2.265,000
87(1,000
The Bank of America neither paid out nor received
statement.
anything on account of the associated banks during the
1880.
January.
Operating expenses
1883.
1882.
1881.
$1,432,740 $1,307,948 $1,658,834 $1,625,680
818,283
651,394
711,g8a
888,919
week.
Last week's bank statement doubtless very nearly reConsider-
flected the actual condition of the institutions.
$781,310
Netearain^ts
But besides the favorable
our foreign trade
still
$590,059
traffic
$769,915
$807,397
returns, the state of
ing this
this
fact,
the following will indicate the character of
week's return.
continues to encourage hopeful views
Into Bank*.
&s to the future. After our last report, exchange recovered
extreme depression, as we indicated
its
do
;
but the condition of the
the close
trade
it
was
balance,
money market, soon brought
likely to
aided by
the rates
down
Interior
movement
Total.
Outo/Bankt
Wit Lou.
1.02S.00O
$2,436,277
2,265,000
$2,436,277
1,237,000
n.02S.00O
$4,701.277
$3.673,877
Sub-Treasury operations, net.
It is not expected that while our exchanges are in the
In calculating now, however, the profit on the
import of gold, allowance must be made for the fact that present condition, there will be much trading in securities
fine bars cannot be procured from the Bank of England, between London and New York, and this week cable
again.
that the price has slightly advanced in the
open market,
and that American double eagles are held at a premium.
quotations have been irregular.
relative prices at the
The following
opening each day.
will
show
1
.
1
THE CHRONICLE,
298
,
Mar.
War.
12.
14.
The
Afar. 15.
London N.T. Lond'n sr.r. Lond'n N.T. Lond*n N.Y. Lond'n w.r.
Dricu." prices. pricca.* prices prices.* prices, prices.* prices prices.* priea
U.S.4s,c.
D.S.3)is
U9H
119-18
103 87
108>^
37 66
37H
119-43
Brie
2d con.
98M
98-55
97
9700
144
144-28
12870
I28K
188-64 127JS 126-66*
36-70*
26-74
525i
26-00
26-25
25J1
102-57 101« 102-24
28-78t
26-51
53«
27-03
25}i
25-48
102-82
101«
103-89
87-51
103-54
Reading
Ont.W'n
101-B7
37>i
103}^
N. Y. C.
St. Paul.
103
108 86
37-70
98-75
143-92
97>^
144
Cent.
117-61}
118-70
96-22
144-21
128-90
111.
n9H
119?^
37-70
102Js
144
120
143-09
118-09!
1035^
108-21
s-a
96M
37-38
90-80
120
103«
26
101«
144
ma
4-88
•ExpresBedin tlieirNe-w York equivalent.
Reading on baai-s of $50, par value.
I
Ex
interest.
)
Govefument bonds have been irregular this -week
There was a disposition to realize upon the short-date securities, and at the same time the long bonds were so
that
property at
time
a
when
sum, offers
strong evidence of the sagacity of the policy that secured
But more important is the marvelous change that has
was
made
in it within
1877
in
of
a comparatively brief period.
that the Illinois Central
the
large
then
finally
The company
line.
advances
operating
to
had
the individual
It
took full
previously
organizations
road— the
the
Mississippi
CentraL
Jackson & Great Northern—
but as these became more and more involved in debt with
each succeeding year, and as negotiations looking to their
and
4-84
4-84
of
for a comparatively small
1
XXXTI.
it.
charge
52ii
26-2S
101-88
Kzoh'Ke.
cables.
acquisition
could be had
it
been made
86^
148 99
128« 128-82*
t2H 26-49)
144
[Vol.
New
the
Orleans
direct control had failed, it became necessary to put
them
through the process of bankruptcy, and in the year mentioned the Illinois Central bought them in at foreclosure
scarce that they readily advanced in consequence of the
sale and united them (after the needed legislation
had
investment demand usual at this season. Eumors early
been secured) under the name of the Chicago St. Louis
&
in the week that the Secretary of the Treasury would
New Orleans. This, however, did not by any means end
issue a call for bonds aided this movement in the 4s and
the diiBculties.
The line had not only to be made self-
The Bank
changed
of
England rate
sustaining, but as a first pre-requisite
of discount
remains unit
at 3 per cent,
although money in the open mar-
it was necessary that
should be put in at least fair running order, for it came
into the Illinois Central's
hands in an exceedingly dilapidated condition, with track worn out, with equipment and
week is £260,000 and the reduction of
motive power no better, besides being inadequate, with
the proportion of reserve to liabilities is 13-16 per cent.
shops, stations, &c., almost useless
in fact, it was in just
The Bank of France reports a loss of 1,975,000 francs
that condition that one would expect any bankrupt congold and 9,775,000 francs silver, and the Bank of
cern hardly paying expenses for years, to be in.
Germany, since last return, shows a decrease of 194,000
Yet at the end of 1882, but little more than five years
marks. The following indicates the amount of bullion in
afterwards, the property is surrendered to the Illinois
the principal European banks this week and at the corCentral in a state of efficiency second to none in the
responding date last year.
country steel-railed its entire length and of standard
gauge, comprising 548 miles of main line and 31 miles of
MarcA 15, 1883.
Marc?i 16, 1882.
branches, with an equipment of 2,241 cars and 106 locoket
is close
up
to
the
minimum
of the
Bank.
The
loss
of bullion for the
—
—
Gold.
Silver.
Gold.
Silver.
motives, and
*
Bank of England
Bank of France
Bank of Germany
. .
Total this week
Total previous week.
M
22.088,56?
23.171,738
39,747,580 42,776,363 33,926,427 45,539,386
7.918,825 23,756.475
7.057,250 21,171,750
70,351,972 66,532,838 64,155,415 66,711,136
0.538,284 66.453,217 62.940.472 66.287.653
The Assay OfEce paid through the Sub-Treasury $233,747
for domestic bullion, and the Assistant Treasurer received
the following from the Gustoni House.
Comisling of—
Date.
"
10...
•'
12...
"
13...
"
14...
15...
*474,980
507,091
631,864
683,283
460,638
337,499
73
75
54
12
22
71
$18,000
15,009
26,000
26,000
22,000
26,000
U.S.
Gold
Silver Oer-
Notet.
Cerlif.
Ufleale$.
$29,000 $375,000
36,000 386,000
40,000 528,000
40,000 479,000
13.000 387.000
15,000 254,000
that
its
be replaced
at 5 per cent.
Surely this is a triumph of
and prudence in railroad management such as Messrs.
W. H. Osborn, J. C. Clarke, Stuyvesant Fish, and the
gentleman in the Illinois Central directory, can safely
skill
point to with pride, and the experience
in
onr railroad
life
that
we may
is
so phenomenal
well be pardoned this
it.
The example almost inspires us
and encourages the thought that some
day not very remote, under the demands of an enlightened
public opinion, we may be permitted to chronicle hosts of
detailed reference to
Dutia.
Gold.
tfob. 9...
having besides $1,125,000 of bonds and
its treasury, and its credit so improved
old maturing bonds bearing 6@8 per cent could
$623,043 of cash in
with
$53,000
69.000
87,000
138,000
39.000
42.000
new
hope,
other instances just like
The
it.
figures contained in the report issued this
week are
given so fully in our railroad columns on another page,
that we need not go into details here.
But we may refer
Total. $3,145,367 07
S133,000 $173,00(1 2,409,000
$428,000
briefly to the effect upon the company's capital account
of the consolidation. As is well known, the strong feature
ILLINOIS CENTRAL.
in the Illinois Central hitherto has been its small debt, the
There are a few railroad reports that one always takes
total amount outstanding at the end of 1882 being only
up with a genuine feeling of satisfaction, convinced that
$9,800,000, or actually $700,000 smaller than it was in
no jugglery, no stock-jobbing arrangement of figures,
no 1877, though mileage during the same time has been
book-keeping fictions or tricks— nothing to deceive in
any increased by 220 miles. This reduction has been effected
way— will be met with, but a plain, straightforward state- through
gradual redemptions from year to year, and
ment, whether the year's results be good or
bad.
The through the sale in 1881 of 2
J millions of Chicago St.
Illinois Central
is
pre-eminently of this class
its Louis &
New Orleans bonds which the company held,
management have not only earned well their reputation
while on the other hand there has been an increase of
for a skillful and wise conduct of
affairs, but the road $2,200,000 on
account of the new mileage built or
stands conspicuous as a type of the few
properties that acquired, $1,600,000 of this being in bonds of the
Springhave always been worked in the interest of their
stock- field Division and $600,000 in bonds of the Middle
Diviholders.
Take their most prominent of late enterprises—
sion.
Thus in the matter of funded debt its. position has
the Chicago St. Louis & New Orleans—
which has now steadily improved, and on December 31, 1882, the annual
finally been merged with the Illinois
Central.
What call for interest was only $531,000, while its gross earnmore striking illustration can be given of careful
and ings in the year on the Illinois lines were but little less
honest management thaa it affords.
than 7 million dollars (the Iowa lines contributing the.
"
THE
;
I
MAiica
THE CHRONICLE.
17, J868,J
Now
remainder of the company's earnings).
company
will the
is,
lose
hereafter
its
Let us
respects small Gxed charges.
the question
strong position as
see.
earned more than sufficient to cover this item, and therefore will not be a burden to the Illinois Central.
The present position of the Illinois Central may b«
Of course the Illinois Central assumes the whole of
debt,
the Chicago St. Louis & New Orleans Company's
and consequently that must be considered as part of its
The amount
own debt now.
$18,000,000,
of
this
on January
Illinois Central.
But not
all
18 millions
of the
standing, as over 5 millions of
was
it
briefly
will
Its
be 10 millions of leased line
was two items precede the stock and
1
was
in the Illinois
Its stock of 29 millioDS
debt will be $23,000,000, and there
sumiparized as follows.
remains unchanged.
certificfttes.
call for
The
latter
a payment of
$1,763,460 annually. Then there is the rental of the leased
Iowa, which.varies with gross earnings, but which in
1882 amounted to $761,226. Adding this on, we get &
This is absolutely the
total of about 2^ million dollars.
of the
that
as
or nearly twice as largo
299
lines in
out-
Cen-
is only 13
tral treasury, so that practically the debt
the Illinois
on
the
$9,800,000
to
millions, which, added
than
23 millions
less
somewhat
total
give
a
Centra], would
whole of the fixed charges that precede dividends upon
the stock, and against this thereis the revenue to be defor rived from 1,909 miles of road, after deducting only
for which that company is responsible, calling
These 1,909 miles earned
In addition, the Illinois Central operating expenses and taxes.
$1,303,460 annually.
namely
$6,959;780 on the
in
1882,
gross
$12,752,299
of the
stock
($10,000,000)
guarantees 4 per cent upon the
Now Orleans road, requiring $400,000 more.
Illinois lines,
This
expenses are not known, and besides do not enter into the
Illinois Central for 1882, we find that the
the
Central stockholders on the 2d of July next accounts of
the Illinois
and Iowa lines were
$8,905,312, of which $3,998,566 was absorbed by exDeducting what was
penses, leaving the net $4,906,746.
gross earnings
form of a 17 per cent dividend, which would
absorb all but $640,000 of it, so that we may regard virAdding the
tually the whole 10 millions as being out.
the $400,to
debt
millions
($832,460)
13
on
the
interest
000 dividends on the stock, we get a total charge to
the Illinois Central on its Southern line of $1,232,460
which would take precedence of dividends upon its
in
the
first
of
upon
ment
ment's
the
seem
would
this
sight,
the
company and
returns
consideration
of
weaken
an
few
A
serve
will
facts
per cent dividends upon the stock,
the
was left after paying in full
mo- pany employed it to the extent
to
own net earnings, and the
upon for any portion of it.
its
the
is,
The
St.
Louis
& New
Or-
Company has never furnished any statement of its
earnings, and we can not therefore say just what they
leans
net
The expenditures
of $1,271,452 in
for betterments in
1883,
it
is
stated, will not exceed $500,000, so that $750,000 from
this source alone could be applied to the charges of the
Southern line without any efiect upon the net result.
Central not be called
Illinois
actual
of
new conreport
can
company
1^
What other
struction in Illinois.
millions spent in 1882 on new property out of net earn-
Southern line will
dispel that idea.
charge out of ings?
whole
the
meet
to
able
be
probability
in all
The truth
leaving an
$1,427,326— all this
every charge, and the com-
surplus on the year's operations
encroach-
stockholders.
to
a
to
argue
Illinois
land and other sources swelled this to $3,988,326, from
which was paid $531,000 for interest and $2,030,000 for
7
At
the
of
paid ($1,245,977) for rentals, taxes, &c., there remains
Receipts from sales of
$3,660,739 actually available.
stock.
position
$1,945,532 on the Iowa lines, and $3,846,987
Leaving out the latter because its
line.
on the Southern
stock is at present in the company's treasury to the extent
of $5,670,000, but, as is known, it is to be distributed to
have been in recent years. The reason for this omission,
according to Mr. Clarke, the general manager, is that no
particular pains were taken to keep construction ex-
PAUL'S FLOATING DEBT.
Milwaukee & St. Paul Company has
THE
ST.
this
The Chicago
the
for
account
income
of
its
exhibit
an
week made public
penses and ordinary expenses separate, all the net earn- year 1882, and also a statement giving the nature and
ings, after the payment of interest, being used for im- amount of its floating liabilities at the end of the year.
The latter is
provements and betterments. He feels convinced, how- The former is certainly quite encouraging.
imand
steadily
operated
now
be
can
road
a good
that
the
ever,
hardly less so, but has produced the reverse of
proved for about 60 per cent of gross earnings. As we impression because it is so arranged as to make the net
have been furnished with the gross earnings for each
year since the reorganization,
we can
what that would leave
The following are the
of gross
St.
Louis
& New
rear.
1878
1879
1S80
'.'.'.'.'.'..'.
for
interest
figures
easily
favorable than the facts really
that
warrant; and under the revulsion of feeling
seem
thing
a
make
to
attempt
any
invariably follows
result appear
calculate
and other charges.
earnings of the
better than
Orleans road for five years.
rear.
Earnings.
$2,842,434
3.H57,305
3,716,902
Average
flre years.
it is,
the figures have
wholly failed of their
object.
At
EarninffS.
$4,059,151
3,846,987
1881
1892
much more
$3,564,556
the basis of 60 percent for expenses, the gross earn
ings of 1881 would yield $1,623,660; those of 1882, when
the revenue was reduced by reason of the contraction
On
the
railroad
moment,
floating debts
corporations
And
seem
yet,
to
bo the bane of
although undesirable,
and especially so in periods of distrust
like the present,
a corporation
they are a necessary evil connected with
a large
requiring
prosecuting considerable new work
must
which
pay
to
outlay of money, the bonds necessary
happens to
be reserved until the work is completed— as
Paul on
St.
the
of
bonds
divisional
be the case with the
in the yield of cotton in the season of 1881, $1,538,794
do not
we
known,
being
This
lines.
new
and the average for the five years, embracing the year many of its
managewithin
kept
was
it
as
long
so
debt—
1878 (the first under the new management) when the think such a
were it not that
able limiU— would create any uneasiness,
receipts were a million less than in 1882, $1,425,822
managers, so
losing confidence in railroad
while the amount required for the 4 per cent dividend on the public is
out only
doling
whom persist in perverting and
the stock and interest on the debt (always excluding in the many of
convenience
or
information as it suits their purpose
latter .the 5 millions bonds held by the Illinois Central such
that no such dechne in
It may be broadly stated
give.
to
transitself, the paying interest on which would simply be
place since July 1881
taken
market as has
ferring money from one account to another in the same the stock
properties, except that
good
in
would have been possible
ofiSce) is $1,232,460, showing that in each case the road
;
;
THE CHRONICLE.
300
with each day's developments
becomes more and more
[Vol XXrv.
company could not wind up its land business
some time yet, since most of the sales had been made
the interest of their stockholders, as the poor deluded on long time, and the
last payment would not fall due
for
investor at one time supposed, but in the interest of those at least five years.
One of the company's officials who
who for the time being happen to be in control and could " give no information except
such as the
it
that the
•evident that in the majority of cases roads are run, not in
for
who
directors authorized
board of
usually find a profitable pastime in milking both the
public and the company.
But
us see
how
the St. Paul reaches the result that
it has no floating debt except the little sum of $334,424.
As a first step the directors give us an enupaeration of liabililet
ties to the amount of $7,160,502.
Then follows a statement of assets available against this, mad? up of $2,969,732 cash on hand, $1,787,509 due from sales of land-
him
to,
from time
to time," expressed
himself to us to the effect that the cash was
actually due
now, but obviously we cannot accept such a statement
without full confirmation from some one directly
in
authority, and we are therefore left in doubt as
to whether
the If millions
from land
sales
is
immediately or only
prospectively available.
But, most
important of
all, is the fact
that though
whole of the company's half-yearly
payable on the 1st of January— there are only
•$573,724
from agents and miscellaneous accounts, &c.,
and $1,495,113 materials and supplies on hand, which
pretty nearly the
together aggregate
four small issues altogether, aggregating less
than 5^.
millions, having a different interest date than
January and
July— absolutely no allowance for the same is made in the
published statement.
This has always been the case, it is
interest is
$6,826,078, leaving apparently only
$334,424 of floating debt without any offset. The reader
will readily see that in the first place this is
objection that
the
Union
Pacific
exhibit
open
was
to the
last
same
week,
namely that of counting
—
fuel and materials as a convertible true— in the company's
balance sheet, at least but the
should the company's notes become due and the omission is
especially important this year from the circumcreditors clamorous, the company could sell its materials stance
that the company has issued what purports to be a
without suspending all operations. "We do not believe that complete
exhibit of its current liabilities, and as this inthe company's own officers consider this item as a proper terest
was due the very next day after the date to which
deduction.
Indeed, they betray their feeling in the the report
was made, it should certainly have been inmatter in an unmistakable way. The Union Pacific gave cluded.
Whatever may be said of the Union Pacific in
the item bare and naked, but the St. Paul people go into other
respects, it must be acknowledged that it squarely
specifications as if conscious of their weakness, saying toes
the mark in this particular, for it does not fail to ad d
" materials, consisting of steel and iron rails, timber, fuel, on
in full that interest.
It does even more.
It gives
ties," &c., and add " to be used in 1883,
for which the separately an item showing interest accrued to
the 1st of
company had advanced cash." One cannot help asking if the yeai-, although
neither due nor payable.
the company had to advance 1^ millions cash in 1882
To get, therefore, at the correct total of the St. Paul's
for
materials to be used in 1883, will it not require a
corres- floating debt— that is, without offset— we should add
to
ponding amount in 1883 for materials in 1884 ? The the net
amount given in the company's statement
company's officers have certainly given evidence in their
$1,495,113 for fuel and materials, and say $2,650,000 for
former reports of the fact that a stock of materials must interest
due on the 1st of January, which would give a
always be kept on hand, that it cannot be sold
under any total of 4^ millions unprovided for. This is by no means
circumstance, and that it cannot therefore form
part of alarming, but it is certainly quite a different sum from
mere current accounts. Moreover, as the company is grow, what
the company makes it out to be.
Further, if
ing so rapidly, this stock must be increased from
time to " cash due from sales of land " is not all available,
time, so that the gain of $470,000 this
year over 1881 then just to that extent is the floating debt still further
which is shown in that item may be taken as
a necessary increased.
In some quarters theie is a disposition to add
consequence of such growth and larger use, and
in no also the amount required for the dividends due on
stock
degree a convertible asset.
April 1, but as this is not called for until three months after
The next defect in the statement pertains to the
item the close of the year, and the company could undoubtedly
of cash due from sales of land.
The amount so due is meet it out of current earnings, that would
be scarcely
given as $1,787,000, which is certainly very
large, con- fair.
As to the interest which was due January 1 and
sidering that on the 1st of January, 1882, the
total amount not allowed for, this much is clear, the
company held the
reported due on contracts of all kind was only
$767,746, full amount of cash to meet it, which was not the case
while as to the ordinary sales per year, the
last report last year; and to show how 1882 and
1881 compare on the
shows that but a little over $300,000 was
realized in different items, we give the following table.
cash from this source during the whole
asset, as
if,
of
1881.
It
would certainly seem that under the circumstances
the
company might better have elaborated this item, rather
than that of materials. Scill, we know enough of its
Description of Debt.
18S2.
Bills
affairs
payable
Unpaid vouchers and pay-rolls
to be able to affirm that, its land sales were very
large
during 1882— not, however, on account "of sales
in
Miscellaneous accounts
&
current balances
Dividends .and interest unclaimed
Encumlirances assumed
the
way to settlers, but because of the disposal of
several parcels to English, Danish and other
syndicates. In
fact, the company is believed to have
virtually closed out
its land grants during the year—
at any rate all lying
in
Minnesota.
But the point is,
ordinary
Total
Add interest due
payment
question
1
(cstiojated).
Grand total
Less—
Cash on baud
Ca^li due on stock subscription
Due from asents, &o
is
especially pertinent
when we remember that only
If all the assets here
the item of
'
this
land
1881.
2,490,:-97
2,161, lOi)
1,401, HoO
11P,727
6.755
2,65C,000
6,178,838
2,400,000
9,810,502
8,578,838
2,969,732
226,987
555,201
1,129,215
315.245
34.'i,138
347,396
l,787,f.09
for the
a few months ago the land agent of the St. Paul was
in
a telegraphic despatch from Chicago, reported as saying
2.71l',038
2,216.630
2,141.916
S3. 163
6,755
7.160,!)02
Jan.
when will it Miscellaneous acoouuts
Duo from lojnA sales
same ? Certainly not at once for Bills
receivable
the whole of it.
Yet the company reports as an available
Total.
cash item If millions of cash due on land sales. Gash
due Net floating debt....
when? This year, next year, or several years hence? This Fuel and materials.
receive
December 31, December 31,
1,600
1,000
5.330,966
2,348,057
4,479,53d
1,495,113
6,230,781
1,028.761
mentioned are available (including
then the company's floating debt
sales),
year makes quite a favorable comparison with a year
;
Mxncn
ago,
17,
THE CHRONICLK
18);8.J
showing as
it
does a decrease in
demand
net
liabili-
301
when he compared France
to t nervoos
woTntn,
whos»
and whose temper are subject to snddon and an>
stock of supplies on hand and there was, therefore, no reasonable changes.
For one cannot help saying that
reason whatever why the company should not have made there is something in the character of the French people
a full and complete exhibit after the manner of the above. which predisposes them periodically in favor of a change
Had this been done, the frankness and sincerity of the of government. Probably no people in Europe are mor*
management would have commanded universal confidence, disposed to attribute their periods of depression to the
and tended to enhance the value of the company's securities government. In times of prosperity the Government is
ties of 1} millions,
besides an increase of $470,000 in the
position
;
As
it
there
is,
better than
is
a
feeling
that
the
company has
to represent its condition in this respect to be
endeavored
it
really
is,
and consequently
it is
suSering in
public estimation.
THE SITUATION IN FRANCE — WHITHER
DRIFTING.
praised.
In times of
equal unreason,
is
adversity, the
blamed.
We
Oovernment with
think there
is truth, also,
statement of Prince Napoleon, that the French people like a strong government, and that they have a pre*
in the
ferment for the living embodiment of that government ia
one man. Ctesarism in its milder sense is not offensive
Furthermore, there is abundant evidence that
them.
France is now in one of her periodic moods for change
and that she is dissatisfied with things as they are.
One wish of the people seems reasonable they want
It is by insisting on this point that Prince
a plebiscite.
Napoleon is more and more commanding the ear of the
was imn:.inent. It is doubtful, indeed, whether, if Gam- nation. The republic has now been in existence for more
betta had been spared, changes of more or less importance than twelve years, and yet the people have never had a
It might have been possible for direct voice in the election of their chief magistrate.
could have been averted.
It
him so to have controlled and shaped events as to have saved was distinctly stipulated when Marshall MacMabon was
Now that he is gone, and no competent made President by the Chambers for seven years, that at
the republic.
to
no very acute perception to enable one to
see that the situation in France Las become somewhat
critical.
Since the death of Gambetta it has been apparent to the most casual observer that the Government was
daily more and more losing its grip, and that some change
It requires
leader has appeared in his place,
it is
difEcult to resist the
conviction that the existing form of government
is in
some
danger of being set aside.
"We are not disposed to place too much reliance on the
rumors and reports which come to us daily from the
French capital, or upon the declarations of the Bonapartist
It is not difEchief or the head of the House of Bourbon.
cult to understand why the republic should have few attractions to Prince Napoleon or to the Count de Chambord.
In the opinion of Prince NapoIt is in the way of both.
—
the expiration of his term of office his successor should be
by a vote of the whole people. MacMahon, it will
remembered,
did not complete his seven years and in
be
elected
;
spite of the
protestations
electing the President
many
of
had
fallen to
that
the
right of
the people,
it
was
by the Chambers on the
ground that the stipulated seven years had not expired.
claim put forth on behalf of the ChamIf the
bers was well founded, they had the right to elect
again claimed and exercised
but they exceeded that
and elected President Grevy for a second period of
of the one-man power; and few can doubt, in spite of his seven years.
It will be seen from this statement of the
generous assertions to the contrary, that the restoration of case that much depends on the course which M. Grevy
the one-man power means the re-establishment of the may pursue.
It is undoubtedly desirable that he should
empire in the interests of the House of Bonaparte. The hold on and complete his term. But it may be impossible
declared opinion of the Count de Chambord is that the for him to do so, with a proper regard to his own comfort,
Should he
republic is infallibly leading France to ruin; and it was and with a view to the welfare of France.
doubtless his intention on Tuesday last, when replying to resign it would be difBca.lt for the Chambers to repeat the
If they should
the address of the four hundred workingmen from Lyons, experiment of filling the vacant chair.
to convey the idea that there was no way of safety except claim the right, there is certainly a probability that
through the restoration of her legitimate sovereign, and there would be trouble. If the claims shpuld be
the proclamation of Henry V., king by divine right. conceded,
hard to
say what might
really
is
it
Although not disposed to attach much importance to either happen.
If Gambetta had been alive he would un-
leon,,
the salvation of France depends upon the restoration
declaration,
situation
is
impossible not
is
it
to feel that the present
favorable to the restoration of such pretensions.
only for the unexpired term
;
right,
doubtedly have found his opportunity. In the circumstances, the chances are perhaps in favor of Prince
If the times had not been in some way disjointed, we Napoleon, for somehow, amiable and excellent men as
should not have had either the proclamation of the one they all are, the Orleans Princes are not popular.
Prince
or the
gloomy prediction of the other.
France Napoleon is not unwilling to accept the title of President
is ill at ease, and
seems no longer to be careful to but knowing as we do the traditions of the Bonapartes,
conceal
the
fact.
that President
position, but
It
may
or
may
not
be
Grevy meditates the resignation of
true
his
the instability of cabinets, the comparative
powerlessness and inefiBciency of the executive, the grow,
and remembering the examples of 1848 and 1852, we cannot doubt that the election of Prince Napoleon would be
soon followed by the re-establishmeal of the Empire.
It is, however, possible that President Grevy may be
ing power of extreme radicalism, the depression of trade, able to hold on. and complete his term of office.
In such a
and the general want of confidence in the Government, are case the conflict may be postponed and perhaps averted.
visible manifestations of a state of things wkich cannot
—
last.
The annual meeting of the
St. Lonis & San Francisco
would be unjust, as we have said again and again stockholders of this company was held at the company's omce
C. P. Hantington, James 1). Fish, Leiand .Stanin St. L-iuis.
in these columns when speaking of the later troubles of
ford, William F. Buckley, Jay Gould, Horace Porter, KaaieU
France, to say that the present state of things is due to Sage, A. S. Hatch, Jesse Seligman, Walter L. Frost, K. F. WinCharles W. Rogers were unanimously
a want of ability on the part of the men who have lat- slow, R. S. Hayes and
elected directors. The number of shsres voted was 174,764 ont
terly controlled the destinies of that country, or to any of the total of 250,000 shares. The new board will meet at an
organization. The only change in
actual mismanagement.
Perhaps Prince Napoleon did early day in New York for
Gen. Horace Porter, of J<ew
It
the directory
not really
make
a
maladroit illustration the other day
York, for A.
is
W,
the substitution of
Nickerson, of Boston.
.
.
.
THE CHRONICLE.
302
IVOL.
IIK^ttctargf CPommcrctal ^uqUsU ^ews
Time.
On--
Amsterdam
AmBterdam
Antwerp
Hamburg
.
.
Latest
Pate.
Rate.
3 mob. 12-4'3 »12-5
20-63
Mch.
Mch.
Mch.
«4
-25'30
U
51 'a
a23-65
eOdajs
Is. Tijd.
"
Calcutta..
Hong Kong..
l^A.
Is.
.
MchV
Mch.
Mch.
.
25-22ia
29-24
11-98
Short.
25-30
1883.
Mch.
Feb.
3mu8.
Short,
4-8213
tel'gh.
tr'sfYs.
VIcU.
Inioj.
Is. 79ied.
18. 7n;,2d.
38. 8i4<l.
97
own
1883.
The directors of the Bank of England have this week reduced
their minimum rate of discount to three per cent a movement
which has occasioned no surprise in any qu arter. The demand
money
for commercial purposes
1880.
1881.
«
£
26.9.54,665
both departments.. 23,142,567 21,780,969
Proportion of reserve
27,581.556
securities.
Other securities
Res've of notes A^ coin.
Coin and bullion in
37%
43-01
3 p. c.
102 14
5 p. c.
IC014
4l8. 9d.
59ind.
458. 7d.
6>3d.
9.926,362
25.971,140
16.532,021
21,.^44,230
16,561,320
28,515,985
45%
46>«
3
3
p. c.
9y-%d.
40a. 9d.
p. o.
D7''8
438. Od.
Mid. Upland cotton
6a6d.
No. 40 Mule twist...
lOiad.
lOifld
9%d.
10%d.
Clear'K-house return. 137.836,000 130.093,000 161,859.000 156,886,000
.
—
for
2M
25,751,200
10.522,076
25,700,508
14,831,808
23,019,294
16,^30,266
Bug. wheat, av. price.
3,
2
«
24,835,613
9.697,166
22,812,629
12.383,372
24,563,579
14.036,952
Bank rate
Consols
correspondent.]
LoNDOX, Saturday, March
2«
2
2Hi
25,016,455
9.136.618
23,853,766
13,133,684
25,883,187
12,514,534
Qovemm't
0%d.
1882.
«
™
Carenlation
PubUc deposits
Other deposits
Mch.
Mch.
Mch.
5s.
2«
8X
SX
»H
2M
3
average quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair second quality,
and the Bankers' Clearing House return, compared with the
three previous years:
to liabilities
[iFrom our
3 ®Sii
2563
.
3
3
3
consols, the
Short.
Mch.
Slumglial....
8^@4
3«®3«SHi@3« 3X®33s Sim*
3 ® — 3 ®
3«®3« 3J^4
@ — 3 a 3 & 9!4@SH 3X®4
.
Annexed is a statement showing the present position of
Bank of England, the Bank rate of discount, the price of
20-44
20-43
20-44
Checks
3 mos.
9H® - 3^® -
.
the
®51l3i8
....
..
2525
Mc'hV
312-r
*'
20(53 820-65
Berlin
"
20-63 ®20-65
Frankfort...
'*
23% ®23<S9
St. Petersb'g
Short. 25-20 S25-271S
Paris
Paris
3 mos. 25-37i2®25-42i«
it
12-10 ®12-12is
Vienna
u
4616 a4e
Bladrld
"
4618 ®46
Bilbao
Bombay..
BhoVt.
121
Feb. 2
"
9
" 16
" 23
Mar. 2
12-98
25*5 ®25'50
Oenoa
Rate.
Short.
Short.
. .
_,
^"^
Mch.
3 mos.
•*
Lisbon
Alexandria..
New York...
EXOHANQE ON LOJfDOlf.
}or
Dejwaits by
Bank BWs.
Traax BiUe.
Disc^nt Hoiuet.
Joint
Stock
Tkree
Four
Six
At
7 to 14
Banfca.
Months, Months Months Months Months
Call.
Dayt.
BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
3.
AUowti
Jnttrett
Open Market Jtata.
London.
mXOBANGE AT LONDON-ifeh
XXXVI,
.
March
1.
Ffhruan/
22.
February
15.
February
8.
Bates of
interest at
has become so restricted of
Bank
Bate.
Open
Market
Bank
Open
Bank
Rate.
Market
Rate.
Open
Market
Bank
Rate.
Open
Market
late that the supply of mercantile bills remains extremely scarce,
and there seems
in
is
it.
to be
Trade, however,
well known,
it
is
no prospect of any immediate increase
is
not in a depressed condition, but, as
being conducted with small profits, com-
petition being very keen in nearly every department of busi-
The
which took place towards the close of last
ness.
year, the very unfavorable weather for agricultural operations,
and the long continuance of a 5 per cent rate of discount, have
undoubtedly had an adverse influence, but, now that the money
market is in a very easy condition, and that the weather has
not only improved, but has also the appearance of being settled
and dry, we may hope for some revival in cottimeroial affair.'?.
In fact, with the adverse features mentioned disappearing, the
prospect has become more bright than it has been for so me
months past.
The position of the Bank of England is now quite satisfactory, and as the foreign exchanges continue favorable to us, a
failures
continuance of the present easy condition of things, as far as
the money market is concerned, is more than probable. Speculation in Stock Exchange securities has for some time past
been kept wiihin very narrow limits, owing to the fact
that it is injudicious
to
buy either for the rise, or
to sell for a fall, in prices. Several failures have taken place on
the Stock Exchange this week, but they have had no special
significance.
They have been mostly for small amounts, and
have not, in consequence, exercised much influence, though
they may have had the effect of producing a larger measure of
2«
S«
Paris
Berlin
HH
Frankfort
Hamburtz
2-H
5«
Amsterdam
Brussels
Madrid
Vienna
St.
8«
2«
2«
Petersburg
B
3
6%
25*
s
4
4«
m
*^
6
5«
4
6
SH-
B-H
2H
5«
5
5%
4
4H
SM
4«
6
6
6
3
4
2%
2M
m
5
3«
*H
4
a
(1
Tenders were received in the Bank of Eigland on Thursday
The amounts allotted were as
follows In bills at three months, £1,206,000, and at six months,
£450,000. Tenders for bills at three months at £99 8s. 4d. will
ppr cent, and above in full ; and for bills at six
receive about
This represents a
months at £93 16s. lOd. and above in full.
discount rate of £2 6s. 8d. and £2 63. 4d. per cent, respectively,
or about 2 5-16 per cent per annum.
for £1,656,000 in Treasury bills.
:
M
The traflic receipts of railways in England since the commencement of the year now amount on eighteen principal lines
to £7,643,031, against £7,597,832, showing an increase of £45,On the four principal Scotch lines, since
199, or 059 per cent.
February 1, they have been £474,637, against £466,581, being an
increase of £8,056, or 1-72 per cent.
The committee of the ten associated Australian banks
have
been instructed by the Government of Victoria to offer for subscription the unissued portion of the Victoria 4 per cent railway
loan of 1881, amounting to £3,.399,300. The debentures will be
for £100, £500 and £1,000 each, and interest is to date from
New
companies, however, continue to be introduced January 1 last.
many of those which
India Council bills have been disposed of this week at Is.
have been brought forward during the last two years have been 7J^d. the rupee. During the current financial year the Council
a disappointment to the subscribers, some of them now under- have disposed of bills and telegraphic transfers to the amount
going the process of liquidation.
of about £13,500,000. It was ofiieially stated that £14,200,000
The proportion of reserve to liabilities at the Bank of would be required.
England is at present 43 per cent, which compares with 31%
Messrs. Morton, Rose & Co. offer for subscription £226,500 six
per cent last year. This is indicative of strength ; but it is not per cent Rterling debentures of the city of Winnipeg, tiie capital
regarded as probable that the Bank rate will fall below its of the Pr .vince of Manitoba, Dominion of Canada. The loan
present figure, viz., 3 per cent. The supply of gold held by is repayable in 1907, and the price of Issue is 107.
the Bank now amounts to £23,142,567, against £21,780,989 last
The revenue receipts for the current financial year, viz., from
year ; while the total reserve is £14,056,952, against £12,51 4,534. April 1 to February 24, including the previous balance, now
At this period a year ago the Bank rate was 5 per cent, and the amount to £86,085,549, against £84,480,956 in 1881-2. Those
open market rate 4}^ per cent, the former is now 3 per cent from customs duties reach a total of £17,814,000, against
and the latter 2% per cent. A feature in this week's retu
is
£17,560,000; from excise, £24,759,000, against £25,035,000;
that the total of " other securities " has been augmented to the from stamps. £10,630,000, against £10,399,305; from property
extent of £1,109,784, due, no doubt, to loans granted to the and income tax, £8,800,000, against £8,073,000 from the Post
Stock Exchange, a fortnightly settlement having been in pro- Office, £6,636,000, against £6,432,000 ; and from the telegraph
gress during the early part of the week. The following are service, £1,515,000, against £1,445,000.
The expenditure in the
the quotations for money to-day, and the interest allowed by same period has been £78,386,960, against £77,105,930, the naval
discount houses to-day and same date of the previous three and military
having
been £47,807,724, against
outlay
YCeks.
£45,609,920.
caution.
to public notice, notwithstanding that
m
;
:
MArcn
Advices from the Hagaa ntaU) that the Datch GoTerament,
in demonetiziog 25,000,000 florina of silver, will saffer a low of
aboat 6,000,000 florins ; bat it is understood that that estimate
sale of standard silver at 49 ^^d. per oz.
,
In the gold marlcet, daring the weelt, the only feature has
been that some small sunxs have been purchased in the open
market for India. In the siver market there has been a fair
degree of firmness, there having been a demand for coinage
purposes as well as for India. The price of fine bars is now
Bid. per ounce. Mexican dollars, after realizini; SO 13-16d. per
ounce. Lave declined l-16d., owing to a liberal supply having
come forward from Mexico. The following prices of bullion
are from Messrs. Pixley
&
Abell's circular
BILTER.
per
per
Barellver.flno
Bar sUvor.ooutalu'g 5 grs.gold
CakOBllver
d.
qt.
oz.
Mexicnu dollars
CMllan dollars
d.
standard. 51
«
standard. 51% 9
peroz. 55
a
peroz. 49' lie's
peroz
£5
d08
^^
Orti
Pm«
BMna
Indian
i8«8-a.
1M1.9.
lido-i.
7,40ft,603
l,67a,f»43
032.ft7»
B.194.OT3
i,:42,84i
1,2Ba.407
7,600,711
8,498.39n
oom
noar
KCrPLir.fl AVAILAIII.E
\fiM^OI
8,7ea,»»3
11.013.043
5,(04.397
1880-1.
1881-2.
Total
63,805,745
Av'xe url(« of BuRlUh
wheat for seaiOD, qr.
ill. Id.
1879 «0.
33.340,131
S,8«l,3»7
13,303,760
53,543,010 33,397,378
56,160,783
40*. lOJ.
iOt. 8d.
43«. 04.
The
following are the present qaantitiea of wheat, floor and
Indian com afloat to the United Kingdom
Atpraenl.
l^tl wok.
1863.
1881.
qrs.2,0:iO,000
Wheat
2.0.'S0,0OO
2,003,000
3,3M,000
Flour
242,000
250,000
183,000
130,000
ludlnnoom
203,000
258.000
l.^B,0O0
28ai000
a
EncUah Market Report*— Per
The
Cabl«.
daily closing quotations for securities,
Ac,
London,
at
and for breadstuffs and provisions at Liverpool, are reported
by cable as follows for the week ending March 16:
....
London.
Hon.
Sat.
Wed.
Tuet.
'
l%«r«.
JW,
Ulscount. 3 per cent.
178. Cd.
peroz
d.
the Secretary of the British Iron Trade As- Consoig for money
Consols for account
has issued some additional information, in advance of (Voh rentes (Id PariB) fr.
U. 8. 5e ext'u'd Into 3>4S
the annual report.
From this it appears that important pro- D.
8. 4>«8 of 1891
gress is being made in steel manufacture. The total production O. 8. 4b of 1907
Chlo. Mil. &St. Paul....
of Bessemer steel ingots in the United Kingdom is stated at Erie, oommon stock
1,673,649 tons, an increase of 231,930 tons on the production of Ulinols Central
N. Y. Ontario & West'n.
the previous year.
Seventy -four per cent of the ingots made Pennsylvania
&. Reading.
were manufactured into Bessemer steel rails, against 70 per Phlladclplila
New York Central
cent in 1881 and 1880, the production of rails being 1,235,785
Liverpool.
tons, an increase of 212,045 tons on that of 1881.
The largest
quantities of ingots were turned out in South Wales and Sheffield.
The number of Bessemer converters at work during the Flour (ex. State). .100" lb.
WTieat, No. 1, wU.
"
year was 80, two less than in 1881, the average output per conSpring, No. 2, n.
"
Winter, West., n
verter having increa.sed from 17.582 tons to 20,920 tons. In 1879
"
CaJ. white
the average yield per converter was only 12,641 tons. The best <k>m, mix.. West. "
Pork, West, mess .. V bbl
result obtained during 1882 was a make of 78,202, with two con- Bacon, long clear, new.
J. S. Jeans,
The make
1.205,131
ie,9liB.ie'i
4,174.415
roR OONRnMrriON— 20 WRBKH.
1882-3.
sociation,
verters.
010,»3»
1M3S,757
IroporU of wheat. owt. 33, 1:13.900 31,248,270 20.4a.V208
tuiporta of Ooiir
8,403,383
4.171,«13
0,700,993
SalM of hoino-KTOwn
produce
....22,233.400 20.738,100 17,330.790
Silver,
Mr.
ia7«-M,
yWM*
ilsaiJwt
i.3:i7.A«a
:
i
GOU).
».
<l.
I.
a.
per oz. standard. 77
9 «
Barfcold.dne
silver...
per
oz.
standard.
10>«»
Bnr Kold. ooiitaiu'f; 20 dwtn.
77
Spnnlsli doiililiKMig
peroz. 73 JO a 731014
South Amork-an doiihloous
'...peroz. 73 aia ®
per oz. ...
United .SUitcH gold coin
peroz. ..
Qenuau Kold oolu
Quioksllver,
.
THE CHRONICLE.
17, 1888.J
was based npon the
:
of " open-hearth'' steel
was 436,000
tons,
against 338,000 tons in 1881. Scotland is the chief seat of this
industry, the production of the Scotch open-hearth works having been more than doubled during 1882, as compared with that
51J,«
51»1«
51»i.
1023,8 1023i8 102 >4
511s
102'e
61»I.
1023,, 1011*18
lO.'Sig 102'»,e 102 1«
102»,- 1021,,
81-80 81-70 8207 »9 81-72l» 81171»
lOOTg
loe^a
106^ 106 ig 106 >9
II6I4
115'8
116^8
11618
1 :61s
12278
122'8
122'$ z21i« 1221«
105i«
104 14
lu5i>8
105^
100>a
8878
38^
39 >4
88 •«
38»B
14818 I46I3
148% 148% 1481s
2«i8
26i«
26'8
2718
26%
102%
8190
tOG'a
US'a
122''s
104
38>3
148 !lt
2618
6414
64 •«
27l>8
I
271«
132»8
131ig
I
1
Uon.
Sat.
28
27»8
132>3
133
Wed.
Tue*.
I.
d.
t.
d.
12
9
9
9
3
12
3
2
9
9
9
9
9
9
6
9
6 712
80
51
6
82
52
95
58
93 O
58
Cd
Beef, pr. mess, new,flto.
Lanl, prime West. V cwt.
Obeese. Am. finest
om
27!>8
64 tg
6i!>e
6
6
5
27%
x30%
129 Is
Thuri.
9 6
9 »
IW.
12
3
9
1
9 6
9 6
«is
6
67 6
95
53 3
07 6
63 6
®0mmcvclal awiX I^bXtsccllatteous ]^txoB
—The following national banks have lately
On January 1, 1883, there were 1,083,487
tons of steel, iron, and wooden shipping in process of construct^ATI0SAL Basks.
ion, or about to Be built, in the United Kingdom, 182,116 tons been organized
of the previous year.
less
than on January
The weather
is
1,
2,897— The First National Bank of Aurora, Neb.
1882.
much more settled, and is, in fact, all
The land is in a much more satisfactory
could be desired.
and is daily improving.
that
con-
T.
A. McKhv, Presidout
;
Capital, $30,000.
Win. C. Wentz, Cashier.
2,898—The Sdxton National Bank of Saint Joseph. Mo. Capital. flOO,000. A. M. SaxtoD, President R. W. Hocker, Assistant Cashier.
2,899- The Pcnn National Bank of BouiUng. Pa. Capltxl. $100,000.
;
Farmers have therefore been
Isaac W. Levan, President; Calvin D. Moses, cashier.
able to resume ploughing, and are now busy with planting
Imports ard ExpoRxa fob thb Wbbk. The imports of last
spring wheat. Floods are now, to a considerable extent, caused week, compared with those of the preceding week, show a deby the rapidity with which the water is carried off the land by crease in dry goods and an increase in general merchandise. The
an extensive system of drainage but this fact leads to the con- total imports were $10,305,183, against ?11,339,601 the preclusion that a brief period of dry weather should exercise a ceding week and $6,927,115 two weeks previous. The exports
speedy influence in bringing the soil into a condition fit for for the week ended March 13 amounted to $7,507,419, against
ploughing and sowing. With the aid of machinery arrears are $7,720,703 last week and $5,909,490 two weeks previous. The
soon made up, and It is quite possible that a very gloomy following are the imports at New York for the week ending
prospect will soon be converted into one giving enaour- (for dry goods) Mirch 8 and for the week ending (for general
agement with regard to the future. The meat question merchandise) March 9; also totals since the beginning of first
has already become a very serious one, prices, though week in January
high, still tending upwards.
It is satisfactory to know,
POREIOR IMPORTS AT KBW TORK.
therefore, that the pastures promise to be luxuriant, and
1882.
1883.
1881.
For Week.
1880.
that graziers will be able to allow their stock to mature at
»2,3 15,99-2
«3,430.42»
$2.768.' 1.1
W.214,«29
a comparatively small cost. The fact, however, cannot be Dry goods
6,884.754
5,907,255
7,142,102
6,235.503
len'Imei-'dlse..
obliterated that our stocks of beasts and sheep are annually
$8,223,217 $10,305,183
Total
$9,530,192
$9,910,917
,
diminishing; but it is understood that the supply of pigs has
Since Jan. 1.
dition,
—
;
largely increased. This, however, is not sufficient to cheapen
the price of meat, and we can only look forward therefore to
heavy butchers' bills for a long time to come.
The finer weather has caused the wheat trade to rule qniet,
and millers hiving purchased somewhat freely of late, they
are now operating with great caution. Prices are scarcely so
strong as they were, but no desire is shown to force sales.
The following return shows the extent of the imports of cereal
produce into the United Kingdom during the first twenty-six
weeks of the season, compared with the corresponding period
in previous seasons:
mPOBTR.
__
wheat
Barley
1882-3.
OWt.33.133.PflO
9,887,021
18S1-2.
3880-1.
31.248.270
7,550,742
29,465.268
7,448.683
187C-80.
33.849.121
9,064,151
Qen'Imer'dlse..
*29.I7.\271
04,231,498
$26,458,413
53,318,067
$31,246,509
61.348,76^
$30,496,458
60.873,030
Total 10 weeks
9.-J.109.769
$79,976,480
$9.1.505.277
$01,370.38
Pi-y
goods
In our report of the dry goods trade will be found the imports
of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port "of New York to foreign ports for the
week ending March 13, and from January 1 to date
XPURT8 PROII WBW TORK FOR THB WOK.
1880.
1881.
1883.
:
1883.
$8,326,399
67,393,592
«6.180,10O
Pre V. reported..
$6.9:)2,979
55,5-2 1,06S
37,929..503
$7,507,419
62,798.810
Total 10 weeks
$62.4.'(4.047
$75,719,901
$64,109,663
$7a30«.335
For the week...
—
—
:
,
THE CHRONICLE.
304
The following
at the port of
since Jan.
1,
and imports of specie
week ending March 10, and
table sliows the exports
New York
1883,
for the
and for the corresponding periods
in 1882
and 1881:
EXPORTS iND IMPORTS OF SPECIE AT
NBW TOBK.
Importt.
Exporlt.
Bold.
SinceJan.l.
Week.
$
WeBt Inaios
Week.
9
$1,600
3,569
190
408,959
............
Bouth America....
32,865
50,785
8,885
$20,000
750,000
$33,650
9,863,999
116,210
$14,054
32.441
1,482.877
$506,000
$2..573.282
26"6o6
All other oouutrles
Tatal 1883
Total 188i
Total 1881
SiiieeJan.l.
$1,600
65.639
6,500
$482,938
377.219
6.283,547
IVou iXiVL
serve three years: Jay Gould, Russell Sage, Sidney Dillon, R.
S. Hayt^s, T. E. Tntt, James F. How, Samuel Sloan, G. G. Haven, S. Humphreys, C. Eidgely, James F. Joy. James Cheney,
George L. Dunlap and A. L. Hopkins. The only change made
in the new directory over the one retiring is that of Mr. B. W.
Lewis, who was withdrawn at his own request and his place
filled by R. S. Hayes.
The annual report was read and accepted, and a brief synopsis of the figures, as telegraphed, ia
subjoined. Without the particular details of interest and rentals, however, the exhibit is of little use.
Earnings for year
Operating expenses
$16,851,690
11,664,752
Net earnings
$5,186,938
Miscellaneous receipts
328,760
Total net receipts for 1882
$5,515,698
$3,952,092
70.937,854
3.276,056
8,667,696
Net income, 1882
Funded debt
Loans and notes p.ayable
Sundry securities on hand
Silver.
$
$
122,615
German/ .......
Weat ludtcS
.
100
160.989
2.504
226,278
45.159
602,957
17.361
2,400
$235,114
22,316
72,333
$894,158
318.398
643,533
62.52i
....
Boutb America
All otber countries
2.77
i'..V68
Total 1883
Total 1882
Total 1881
$.507,563
190.403
361,024
i
$2,698,701
2,367,7)1
2,331,371
—It was reported in Wall Street that the Wabash Railway
was about to become by lease a part of the Southwestern system; that it was the intention to lease the road to the Missouri
Pacific, but for the purpose of avoiding legal complications it
had been decided to lease it to the St. Louis Iron Slountain &
Southern, which is owned by the Missouri Pacific. By this
means the laws of Missouri
i>- ating to the leasing or the uniting
of parallel lines of railroad won Id not be violated.
Russell Sage, who is a director of the three companies,
replied to questions of a
York Tribune reporter about
the lease; " The directors have been authorized to make such a
New
Of the aboTe imports for the week in 1883, f 3,935 were
American gold coin and $63,771 American silver coin. Of the lease whenever thev think it will be advantageous to all conexports during the same time $20,000 were American gold coin. cerned. It hasn't been done yet because, you see, there are a
good many legal questions about it. That's about it; its a
FoBBioN Trade of New York — Mosthly State.ment.— Iu ad- question for the lawyers they
are at work on it now. Perdition to the foregoing tables, made up from weekly returns' haps it cannot be done, but the directors favor it, and I guess
we give the following figures for the full months, also issued our lawyers will fix it somehow. Yes, yes we were talking
by our New York Custom House. The first statement covers about it for six weeks. It will be a great thing for all of us
there is no doubt about that. Why, it will be another Kansas
the total imports of merchandise.
and Texas lease that's it.
We shall givn the Wabash its net
;
!
—
IMPORTS INTO
NEW
But
1883.
Dru
Merchan-
Goods.
Goods.
dise.
January
February
13.730.717
87.915.300
28.749.010
27.078.02a
54.884,310
13,845,812
.
11.280.612
40.479.727
Merchant
29.545.S.')4
41.872.274
16.804.077l 25.3S6.S83
41.990,660
28.930.517l 54.932.417
83.862.934
CUSTOMS RECEIPTS.
At Hew
Total Merchandise.
1883.
18S3.
t
t
28.891.982
Total
67.315.292
27.84-'.940
25.735,057
83,583,997
January
February
Total
rorfc.
We
done yet, and perhaps
it
shall guarantee nothing.
won't be for a few weeks."
debt, $11,807 State taxes, and $177,785 in dividendn at the rate
of 10 per cent on the capital stock. The cost of operating the
road was 66-71 per cent of the gross earnings. The company
will pay oflf at maturity its $81,000 6 per cent bonds maturing
on the 1st of January.
N. T. N. H.
k Hartford.— At
directors of this road the plans to
This
$1,000,000, were approved.
the monthly meeting of the
improve the road, at a cost of
sum
will
be used in reducing
the grades and in shortening the curves.
12,574.838
13.387.516
12,191,603
13,585,053
24.780,441
—
Virginia Bond Decision. A Washington dispatch of March
13 in the New York World gives the following relative to the
recent bond decision
"Tliere seems to bo a pood deal of misapprehension afloat as to the real
bearing of the decision just rendered by the supreme Court of the United
States in the suit affcetiusl he VirKinia bonds. Thequestiouof thclegality
of the Virginia actof 1872 prohibiting tax-collectors from receiving anythiuf? iu payment of taxes exempt coin. Treasury notes or national bank
notes was not raised before the Supreme Court at all in this suit, for the
reason th.it it hiis been settled by a decision of the Supreme Court of
Appeals of Virginia long ago in the suit brought b.v Antoni against one
Wright. The highest court in the State decided that the law was unconfititutlouai, and its decision was accepted by both sides without an
appeal.
"Then the State, seeing that it could not force collectors against the
decision of its own courts to refuse to take the coupons, enacted anotlier
law which did notprohibit the reception of coupons fortaies.lmt which
made a change in the means to be employed by the hondboidcr to
enforce such reception. Previous to the enactment of that law the bondholder could obtain a writ of mandamus to compel the collector to take
the coupons. Afterwards he had to establish the genuineness of every
single coupon by a formal and vexatious aclion in the State courts, paying hlg taxes meanwhile In money. In other words, the law of 1832
changed the remedy open to the bondholders from a simple mandamus
proceeding to a proceeding of identlHcation in the local courts in the
case of every separate coupon. The question brought before the United
States Supreme Court was not at all the constitutionality of the act of
1872. It was whether this change of remedies made by the laws of 1882
was such as to Unpair the obligation of the State's contract with its
bondholders. The court held that it was not. The unconstitutionality
of the act of 1872— the original " coupon-killer" act— and the obligation
of the State to receive the coupons for taxes were settled some time ago
in the case of Antoni vs. Wright, and those questions have never been
raised since.
" Mr. Royal has been quoted as sayirg that ' when the taxpayer has
tendered to the tax collector the State's couponsln payment of his taxes
he has done all his duty It is of no conscqi-ence to liim whether the
State gets any revenue or not. If she chooses to refuse his coupons and
•
be out her revenue it is no concern of his.'
" This is all wrong. The law provides that, pending the conclusion of
the suit to establish the genuineness cf the coupons, the taxpayer shall
pay his taxes in mouev. the amount to bo subsequently refunded to him
'1 he
If the coupons are declared genuine.
State therefore gets its revenue in money regardless of thetenderot the coupons. Of course she
will have to refund if she concludes to recognize tic coupons, but Mr.
Koyal's statement that the taxpayer has nothing to do hut oflfer the
coupons, and that his whole duty Is then done, Is all wrong, as his clients
will And if they take such advice."
St. Lonig & Pacific.— At the annual meeting of the
stockholders in St, Louis, the following directors were elected to
TFabash
isn't
Cnmberland Valley.—The Cumberland Valley earned last
year $793,316, an increase of $68,546. The onerating expenses
were J2i^9,858, an increase of $57,744, leaving net earnings of
$229,452, out of which was paid $26,548 intere-'t on the bonded
General
dise.
(
12.326.440
EXPORTS FROM NEW YORK.
January
February
it
18.S3.
General
Dry
Montlu.
earnings, but nothing more.
YORK.
—
The Guarantee Company of North America publishes its
annual report for 1882, showing that during the year it issued
7,874 bonds for new business, guaranteeing $8,879,125
The
total revenue was $122,878.
The company has been managed
with much enterprise, having Sir Alexander T. Gait as its
President In Canada, head office in Montreal, and the following
New York directors Jos. W. Dreiel, A. L. Hopkins, H. Victor
Newcombe, Erastus Wiman, John Paton, Daniel Torrance
and Gen. E. F. Wlnslow. The New York office Is 178 Broadway.
:
—The First National Bank of Grand Rapids, Mich., is now
closing up its affairs, but the Old National Bank will continue
the bu.siness of the former bank. As the management of the
Old Nat. will be s-ubstantially the same as that of its predecessor,
the officers hope for the continued patronage and confidence so
long enjoyed by the First National.
—
&
Messrs, Thomas P. Miller
Co., of Mobile, Ala., oflfer their
services to persons in New York having banking business to
transact with Mobile. They deal In foreign exchange of every
kind, and are prepared to cash good drafts or ship-bills drawn
on European
—
cities.
is called to the advertisement In another colnmn
of a suite of offices to let on the first fioor of 56 Wall Street,
having an entrance also on Pine Street. For banking or insurance purposes the offices are desirably located.
Attention
—
The Homestake Mining Company has declared its fifty-fifth
dividend (for February) of $50,000, payable at the office of the
transfer agents, Lounsbery & Haggln, on the 26th Inst.
Anction Sales,— The following, seldom or never sold at the
Stock Exchange, were sold at auctloa this week by Messrs.
Adrian H. Mnller & Son:
Shares.
Shares.
150 Mechanics' Nit. Bank.. 150
360 Manhattan Gas Light
Company
231>s-235
430 New York Gas Light Co. 125
40 Municipal Gas Light Co.,
New York
1895i
18 East River Nat. Bauk.. Ill
121
20 North Kiver Bank
50 Bnioklyn Fire Ins. Co.. 17.5
70
28 Howard Ins. Co
80 Phenlx Ins. Co. of Bkln. 140
87
15 Nation.il Fire Ins. Co.
140
50 Home lus. Cj
. .
15 N. Y. Equitable Ins. Co. 146i«
175
20 Broadway Ins. Co
10 Guardian Fire Ins. Co.. 61
15 New York Bowery Fire
Ins. Co
165
50 Eeal Estate Trust Co... 50
50 Rich. & Danv. Ext. Co.
for $50
(40 p. c. paid up)
Hand 8.
A New.
due 1909.. 116«4
$4,000 Sand'kv Mans
KR.
1st 7s.
$1,000 New York Mutual Gas
Light Co. 1st 6s.. 103 <4
& lot
.
MAncn
THE CHRONICLE.
17, 1883.J
805
IMS.
188S.
Jhe
Jgauliers' (Sa^ctte.
JTor.
dlvldenits have reo«ntly been aunoanoed:
HatlroadB.
Cblo. Mil.
Duhuqiio
& St.
City
Lohigli Viilliy (iiuiu.)
Oregou
it
3
a
April 16 Mch. 27 to April 17
April 16 April 1 to April 16
April 16 \lch. 18 to
April 16 April 1 to April 10
6
On
1\
April
3»9
TriiiiKcontlueut'l (quar.)
IUKuraure>
Jefferson
niMcellaneaua.
Weaiern Uiitun
Tel, (nuar
Soolu Cloud.
(Day inelviot.)
Cent.
A prof.
raul com.
i.'kSluu.x
Wlun
Par
Hamt of Company.
)
.
pnnoiutitsk.
JTor. II.
i,000l
(»an*anadU. •33&.ltO,O0OlDM.«S,2O3.3OO
DIVIDKNDB.
The (olio wlnjt
y
10
doni.
16 Mch. 21 to April 16
HEW YORK, FRIDAY. MARCH 1«. 1883-5 P. M.
The Money Market and Financial Sltaatlon.—Tlie stringency in money has been the absorbing topic of the week in
•
«t9«,3M900
Spm'lfl
Cirpuliitlon...
ITet depoalta
I/sgal teuilem.
BI.6l9,700|Deo. 8,t«13.200
10.609,200 Ino.
64.000
2H8.1ll.«00Oaa. 7,842.a00
17.017.OJO Deo.
998,800
liBRal reeerre.
(74 602.»ODeo.tl,n60.n2S
BoiierTe held.
69,488.700 IiM. 4,812,000
•7I.filOe76
73,l»8,dOO
55.864,000
18.460.100
371.608.900
13.466.600
ffl7.9 17.300
04,331,600
•«s.•.ri«.l.^o' r><w.«2 )»."Si.a7.'»
M87.828
»447.400
*
ii^i.(}ii.^OO
te,3IO.OIH*
ueliuii.
Exclmngo.— Foreign Exchange van firmer early in the week
on a good demnn<l for Vmnkors' Hhort-bills, but with the tight
money, rates quickly fell off, and the tone ban been weak moat
of the time. To-day there was rather more firmness, and prime
bankers' 60 days' sterling bills sold about 4 81 demand bills,
4 fiS\4; cables, 4 84. Continental bills as follows, viz.: Franca,
6 28>4^ and 6 31 V^; reichsmarks, 94'4@M^i and 04(jO94^;
guilders, 89J^®40.
In domestic bills New York exchange was quoted as foUowa
Savannah buying l{,
to-day at the undermentioned cities
gelling par@i^ prem.; Charleston buying 1-16 to par; aelling
par to }i,\ New Orleans com., 100 dis.@par; bank, 100 prem.;
St. Louis, 25 prem. Chicago, 50 dis. Boston, 40@45 dis.
Quotations for foreign exchange are as foUowa, the highest
prices being the posted rates of leading bankera;^^
;
:
The actual scarcity of loanable funds appears to
be undeniable, and all the charges of manipulation for
Wall
Street.
speculative effect are of little consequence, when the banks are
80 low in tlieir reserves that they are obliged to call in money
from all quarters to keep tlieir statements near to the legal
requirement. Ou the other hand, it is true that in such a time
as this the absolute control of a few million dollars in casli enables the owners, if they desire, to exercise an influence over the
monej- market from day to day which they could not possibly do
in ordinary times. The question is anxiously asked, how long
And it is impossible
is this tight money likely to continue ?
to give a precise answer. The demand for money at the
West is large, and our banks tliis week show a further loss
by shipments to the country, but the supply which is to make
up for the loss in this direction is somewhat uncertain. In
the first place, there is the natural increase in loanable funds
which will take place by the attraction towards this centre
of all available money which can be sent here, to obtain for a
while the 10 to 15 per cent rate. Then there are the gold receipts from abroad ($500,000 in this morning), variously
estimated as a total of three to four millions. And finally,
the possible action of the Secretary in offering to pay in advance the bonds embraced in the call maturing May 1.
What the result of these various forces will be it is impossible
now to predict with certainty, but the better opinion points
towards a firm, if not stringent, money market until the early
days of April, and a gradual relaxation after tliat.
In the meantime tliere are some circumstances in the Situation bearing upon railroad stocks which are particularly good.
It is rather fortunate that just when the price of money puts
such a check on animation at the Stock Exchange, the facts in
regard to tonnage and railroad earnings are in many respects
so favorable. In fact, it is possible to detect a reason for the
higher rates of money in the movement of cotton and breadFor tiie latest week reported the receipts of
stuffs alone.
breadstuffs at Western cities and cotton at Southern cities
oompaied as follows with the corresponding week of 1882:
Cotton.
Flour.
Com.
Wheat.
Oats,
111,000
209,703
1,223.931
bush.
3.16.^,620
1,017,463
57,454:
123,i;84
287,175
691.090
489,313
OblB.
bates.
1883
1882
bush.
bush.
These figures, and the railroad earnings derived from the larger
tonnage, are not exceptional or limited to a single week, and
they go far to confirm what has heretofore been said in this
report of the excess of the crops of 1882 over those of 1881.
The money market has worked very closely throughout the
week, and at no time have loans on stocks been made at low
rates, unless it happened to be near the close of business when
most acounts had been made up
such exceptional rates are
not worth noticing. On strict government bond business the
rates on new loans have been 5@6 per cent, and on stock collaterals the rates have ranged in the week from 6 to 17 per cent,
but during the past few days the bulk of transactions has been
at 10(315 per cent. Commercial paper is in little demand, with
nominal quotations for prime paper 6@7 per cent.
The Bank of England weekly statement on Thursday showed
a decrease of £260,000 in specie for the week, and the percentage of reserve to liabilities was 42 3-16, against 43 last week
the discount rate remains at 3 per cent. The Bank of France
;
;
and 9,775,000 francs silver.
The New York City Clearing-House banks in their statement
of March 10 showed a further decrease of $3,851,375 in their
lost 1,975,000 francs-gold
legal reserve,
the total deficiency
$3,314,775 March'lO.
The following table
being
$5,166,1.50, against
shows the changes from the previous
week and a comparison with the two preceding years:
;
March
;
Demand.
Btxly Days.
16.
sm
Prime bankers' sterling bUla on London. 4 8o<494
Prime commercial
4 80 «4 80>4
Dodimcntary commercial
4 78\«4 79i4
Paris (francs)
Amsterdam
5 2Qt4»5
23%
30>4»
93>a«
if9\
94>8
(guilders)
Praulcfort or
Bremen (relobmarksl
'
4 83
44
83>4
4 82>4»4 83
4 81>t»4F>2
5 23^»5 21>4
39>i9
9414a
40
94%
—The following are qnotationa
in gold for various eoina:
— 99\-a par.
eoverelgns
Silver
and
Coins.
$4 82 «$4
Napolsons
3 82 •« 3
X t Kclohmarks. 4 72i«» 4
XGuilders
3 95 » 3
8pan'liI)i)ubloon8.15
86
86
Five francs
7ti\
Mexican
99
uni'iiiiimerc'l.
Engii».. :,iiver ....
Prus. silv. tUalers.
U. 8. trade dollars
U. 8.
»15 73
915 65
10^3 1 11>4
60
Mez. Doubloons. .15 50
b'lne silver bars .. 1
Fine
gold bars
par^^^prem.
"^
99S1
- 99
Dimes Jc ^ dimes. —
Ha par
148
>«8.
— 92 « —
— 86i«a — 86'*
— Sft 9 — Sft"*
4 75 « 4 83
— 68 « — 70>«
— 99 a — 91 %
O.'i
dollars..
Do
sUverdoUan— 99\»
par
i.
—
United States Bonds. There has been no particular feature in the dealings in government bonds, except that on moderate transactions the prices have yielded but little. The
demand for money has evidently not led to the selling of many
bonds.
The closing prices at the N. Y. Board have been as followa;
Interest
Periods.
Hi, continued at 3>3..
rog.
4>i8, 1891
4'«8, 1891
coup
reg
4s, 1907
Mar.
Mar.
Mar.
Mar.
Mar.
Jfor.
10.
12.
13.
14.
15.
10
10338 •lOS"*
•I0313I 103 >s M03>, 103
•iiass, 11238 •1121... •112T8 112''8' 112V
•11239. lliiJa '112i« •ll-j-'a'n-i-'a II24i
-118»8' 11=% 119
119
119>d 119>s
1...
119''8 120
'120
120
103'8 103^1 103>s' 103%
101
128
128
128
128 •123
'129
129
129
129 •129
'130
130
130
130 '130
'130
'130
130
130 '130
•130
'130
130
ISO •130
board; no sate was made.
State and Kailroad Bonds. The transactions in State
bonds at the New York Board have been quite limited. Some
sales of Louisiana consols were made at 09, and to-day at the
call Tennessees were quoted at 413^(342.
Railroad bonds have fallen off slightly in activity, and some
bonds also in prices. In periods of tight money there is
usually a good opportunity for investors to purchase bonds
for cash, and at the present moment it is worth their while
to look into the market, as just prior to this stringency in
money the tendency of bonds was evidently upward.
4«,
1
907
conp
119^ 1194
•104
reg
8
'128
68,our'cy, 1895. .reg.
'129
6€, oar'cy, 1896.. reg.
•130
1897.
.reg.
68,cur'oy,
•130
6a,our'oy, 1898.. reg.
*130
68,oar'oy. 1899. .reg.
morning
bid
at
the
•Tbls is the price
I
I
3s, option U.
'
1
—
—
Railroad and Miscellaneous Stocks The course of the
market was reasonably well foreshadowed in our
remarks of last week, when it was stated that any advance
which might fairly be expected in certain stocks would
probably be checked for a while by stringency in money.
There is little reason to doubt that there is still a strong undertone of confidence in stocKs, and this has recently been fortified by the generally good character of the annual reports for
1882 which Yiave been coming out l-»tely, and by the very fair
stock
outlook for traffic during the next three months. This week
we have the dispatches from St. Louis giving an excellent
report of the Gould roads in 1882, and if tne figures are all as
strong as stated in these dispatches, Mr. Gould could not do a
better thing for his companies than to have published a full
and fair report of their operations and financial condition. It
is hoped that this will be done.
The general market the past few days has been rather weak,
under the pressure of tight money. The amount ef sales has
been rather small, and where parties are able to earn- their
stocks, the disposition is shown to hold on for a while with
the hope of a re-action as soon as money relaxes.
In the statement of joint income of the Michigan Central
and Canada Southern roads for January, the figures $173,000
were the net income over fixed charges, and not the net
earnings over operating expenses.
It is rumored quite positively that the lease of Wabash to
Missouri Pacific or Iron Mountain has been arrangetl. and
will probably be consummated on the basis of giving Wabash
The items of railroad earnings and
its net earnings only.
income accounts on another page are worthy of special
attention.
1
THE CHUONICLE.
306
Vol. XXXVI.
NEW YORK STOCK EXCHANGE PRICES FOR WEEK ENDING MARCH
DAILY HIGHEST AND LOWEST PBICES.
STOCKS.
Monday.
Saturday,
March
10.
March
12.
59=4
6818
69=4
6918
March
RAIIiROADS
Boston
80
prei.
N. Y. Air-Line,
<fe
&No..
Burlington Cedar Kap.
•80
Ganada Southern
Cedar Falls ,)^ Minnesota
Chesapeake
7l»8
Ohio
Istpref
24 pre!
ChIcaffo<& Alton
Jt
D^
D8
Do
—
81%
*21ia
«30>ii
•23 "a
134
& Qalnoy.
A St. Paul
Marob
14.
15.
81=4
Sviis
22 "a *22
32
31=4
24 "a •24
1341s 134=4
221a
72%
81% 82%
•22% 22%
S2
-24
133
32%
24%
72%
80% 81%
135
71% 72%
81
81%
71=4
•21
'21
22%
31=4 32
•23
24%
'134
135
•SO
83
(Shares).
22
~;
•30% 33
2,090
26,600
71% 71%
80% 80=4
•20
22%
27,174
14,260
•23
24%
124=4 134=4 133
120
135
120=1
102% 101% 102=4
119%119% 119 119
120% 120% •119 120
132% 132=4 131=4 132%
133% 133% 132% 133% 132=4 133
160
148 148% 148 148% 147% 147=4 147% 147% 146 146%
pref.. tll8
Do
122% 123%
1-J3»4l24% 124 124% 123=4 123=4 123=4 124
Chicago Roolc Isl. A Paclflc... 123 124
49=4
43% 49% 47% 48%
4814 48=4
48=4 49=4
49% 50% 411
Chicago St. Paal Minn. A Om.
106=4 107%
lOTi 106
pret 108=4 108=4 108% 108=4 108=4 109% 107% 108
Do
48% 48%
Cincinnati Sand. <fc Cleveland.
"72% '72%
74
74
75
•Ts" "is"
74% 74=4 •74
Uleveiaua
liid
Do
Uhicairoti:
Col. Clu. A
A Plttsbarsj guar...
& Greenville, pret..
Columbue Chic. A Ind. Central
Delaware Lackawanna tb West
Denver* Itio (Jrande
Dubuque A Sioux City
A Ga
Bast'lennessee Va.
Do
pre!...
Hoaeton
<& Texas
CejitL'al
Central
Do
leased line
Indiana Blooin'u A Western
Lalte Erie <ft Western
.
Lake Shore
Long Islaiid
A
Nashville
New Albany A Chic
Manhattan
DC
7
16'4
Blanhattau Beach Co
Memphis & Charleston
41
7
0%
6%
•6=4
•86%
9% 0%
17
17%
31% 31%
9«s
17%
6%
7
9%
•16
6%
6=4
43
'
9%
•16% 17
13
'3
6=4
43
•
9%
9%
9%
9%
17% 17%
...
122=4
46
•86% 89
U%
*lb
y=i
17
6=i
42
42
'
6%
46%
124%
82
75
144
't
46
87
46
22
•85
•45
21=4
46
85
»80
46% 46%
46
87
46
85
•45% 47
23% 23=4 26
85
•80
85
•43% 44%
•46
•83
•54
45
47
87
*45
•83
•45
4'J%
24% 20
42%
95% 96%
44% 44%
94=8 95=4
Sh.& Western
6=4
92
92
43
-.SO
M
Do
88
41
Metropolitan Elevated
iohigan Central
L.
7
125% 124% 125% 124% 124% 124 124%
45=4 47
46
45% 46
47% 46% 47%
•30
81
82% 80
81% 82% 81
82% •80% 82
•72% 78%
72%
•72% 78% •72% 78% 78% 78% •72% 79
143 143
143 143%
144
144 144
144% 144% •113 144
80
80
34% 34% 33
33%
33% 34
.34
36% 35
33% 34
34
31
31% 30% 31
30
31
29% 30 14 SO
30% 30% 31
110 111% 111%111=4 110=4 111% 110% 110% 110%110'4 109% 110%
03
62% 6214 62% 62% 62% 62% 02% 62% 63% 63% 63
64% 65% 55
65% 55
55% 64% 65% 54% 65% 53% 64%
81
46
common
41
•6
44% 45%
•85
•45
21
Istpref
Do
Milwaukee
41
•6
9%
pref.
Do
40
124% 125 14 123
•8«
Fort Worth A Denver City
Green Bay Winona tfc St. Paul
Hannibal A St. Joseph
Louisville
Louisville
119=4 11 9=4
1323^ Vai'^
Cleveland
Colnmljla
ZUinois
100 ii 101 "4 101
pre"
Northwestern
85
95% 96%
25
40
41
85
41
«80
•80
26%
40
85
94% 05%
96% 95%
40
80
93%
60
43
87
46
26
40
80
05
<fc
Loals
St.
Do
pref..
27% 27%
00% Gl
31% 31=4
101 102%
26=4
61
44=4
27
26=4
61
Northern PaclJlc
Do
pref
OhloCentral
Ohio A M ssisslppi
Ohio southern
Oregon & Traua-Contluentai..
Peoria Decatur A KvausviUe..
PhllEdelphiii * KeaiUng
Pittsburg Ft. Wayne A Chic...
Kensseiaer A Saiatoga
Rich.& Allegh., st'ck trust ctls.
Richmond
Klohmoud
•
tfc
Jt
Danville
West roint
Bocheater &
8t. LouisAitou
I'ittsburg
A Terre
Do
Bt.
A
Louis
pref.
Do
Do
Bt.Faul
pref . ..
Ibt pref.
A DDlutb
«fc
A Manitoba
tinion Pacilic
Wabash wt. Louis A
De
Pacilic
...
pref
MISCEI.I.ANEOUS.
Americjn Tel. A Cai.le Co
Americin District Telegraph.
Ooloraoo Coal
84
A
iron
<fc Hudson Canal
Homestake Mining
Mutual Union olograph
Delaware
135
10=4
•54
•24
55
25
•29
*48
*90
Adams
EXPRESS,
94%
Fargo* Co
A
4>4
93
93
94%
94=4
140
145
137
•53
•23
65
25
64
174
25% 25=4
41% 41%
4'J% 49%
84=4 85%
12
33
12=4
33
83
22
83=4
52
5:
19
19
22%
52% 52%
137
P4=4
146
41
99%
30
60%
9%
19
70
70%
99=1
•97
'30
99=4
10%
69% 70%
-97
•30
•48
•91
•94
lU
231.
34
16
19
19
'23"
23"
139
139
19
93
3H
H5
143
40% 40%
95% 96%
29% 311%
49% 60%
66
66%
22% 23%
6S% 70
97% 97%
30
34
30
•91% 94
48=4 48=
*J1% 01
•35
•94
•33
•94
49% •48% 50
38
03
143%
33% 40 '2
93% 98%
29% 30
49
50%
143*
41
46
SS's
84=4
133
90
63
122% 123
59
9%
46
•
84% 83
130
90
•60
•120
41%
122
...
•8=4
10
130
90
«2
126
•25
41=4
122
•8% 10
40=4
122
20
84% 83%
•120
132
90
60
123
25
23
•128
89%
60
41
122
•8%
9%
84=4
86%
46
•
40,514
1,900
Feb.
Fob.
Feb.
Feb.
Feb.
Feb.
Fell.
1071,
•17
•17
19
19
Jan.
40% 41%
•121
•8%
90
84% 85%
130
90%
37
123% 123
40% 41
120=4 120=4
•8
•13
83=4
;25
130
89
60
-,57
9%
46
46
1.30
122
90%
88
124
62
121
•120
•25
....
•23
•57
9%
48
84%
130
90
62
125
•15
0%
53
85%
39
785 117
8
2,000
37%
79%
Oamerou Coal
6%
6%
66
37
42% 82%
3
17% 36%
20% SO
55
94%
31
46%
43
100% J.in.
28
88
97%Jas.
147% Jan.
27
27
10
17
Jan. 16 17
Feb. 2 270
8%
Feb. 17
Feb. 27 18
%Jan. 29
74
GO
53%
102\ 119=4
13% 19=4
19% 30%
13% 23
16 91% Mar.
20 144 Jan.
23 43% Jan.
33
40
128
163%
32=4
Mar.
Mar.
Mar.
48%
145
117
8
Jan.
27% Jan.
56
83
31
25
Mrvr.
Jan.
99%
98% 119%
23% 39%
71%
45''i
69 % Jan.
Feb. 19 126
42=4
34
3.1% Fob.
109% Jan.
19 Jan.
25 Jan.
14 Jan.
35% Jau.
23 126
1
9%
26 46 %
5 83 %
108%
108% 186%
43
13
66
79=,
40%J,au.
47
40
250
263
13
71=4 Mar.
Jau.
34% Jau.
54 % Jan.
7
131% 144
62
23
1011=4
Mar. 13
Deadwood Mining
14%
62%
76% 93%
133
149%
90
97%
62
80%
40
6
6
8 126
19
132
27% 36%
1% 2%
1% 2%
26
Jan. 15 13
Feb. 2 240 24S
Jan. 8
4% 19=4
Jan. 3 18
37%
%Jau. 12
%
4
Excelsior Mining
%
Robinson Mining
Silver Cliff Mining
S to rmont Mining
Tbese are Uie prices bid and uked; no
16
60%
98%
'27% Jan. 15 20% 31%
49=4 Jan. 20 44% 80
51% Jau. 20 28=4 64%
87 % Jau. 18 66=4 100%
ll'i,
23%
13% Jau.
42
31 % Jan. . 27
13=4 Jan. 8 11
23%
Ko
89 Jan. al 60
98%
23
28 Jau.
39%
46=,
5rf% Jau.
07%
138 Jan. 16 130 139
26
14
Central Arizona Mining
78
67
13 33% 43%
83 Jan.
87
88%
62 14 Jan, _ 43
60%
175 Jan. 10 168 186
Mar. 9 133 Jan.
Mar. 16 _ 3 Jan.
Mar. 9 63 % Jan.
6%
92%
89% Mar.
40% J.iu.
Mar. 6
L3-S
160%
- 77
93
19 77
105
4 13
21
20 41=4 68%
36S4
18 19
18 69
77
18 26% 42%
19 86% 112%
6 12
35%
9 119=4 128
-!2
47
87%
129% Mar. 10 123% 138
15% Jan. " 10% 17%
35 Jan. . 27
37%
105 Feb. 16 100
109%
64-% Feb. 26
30 Jan. 22
Feb.
Feb.
Feb.
Mar.
Feb.
Jan.
Feb.
Feb.
Jan.
Feb.
61
127
40
82
40
Jau.
.04=4 Jan.
91% Feb.
36% Jan.
26% Feb.
44=4 Feb. 28 57% Jan.
16
19
IS
18
111%
98
120%
49% 65
46% 100%
Jan.
Jan.
100% Jau.
18 Jan.
48 % Jan.
30=4 Jan.
6s% Jan.
31% Jan.
105% Jau.
19% Jan.
124 Jan.
04% Jan.
36=4 J.ln.
28% Feb.
105% Fob.
16
110
45
72
30
49%
23% 46
26% Mar.
Mar.
270
6%
6
Jan.
Feb.
Jan.
Jau.
Jan.
Jan.
10 130
503 88
25 60
48 122
18
96%
8
16
15% 28%
29% 42%
82
Jan.
Mining
Peansylvauia Coal
Standard Consol. Mining
3% 21%
38% 74%
63% Fob.
15
Feb.
Feb.
Feb.
Feb.
Feb.
50
62
92=4
140
104
116% 150%
Jan.
60
29
22
% Feb.
851,
58% Jan.
144
29
44
133
35% Mar
33% Jan.
114% Jan.
68
175
140%
68%
97% 117
Mar.
65
160=4
29',
Mar.
Jan.
21
Fob.
16=4 Feb.
48 Jau.
90 Jan.
48
124
138
122
Jan.
Jan.
Feb.
10
100
Jan.
6=4 Mar,
Mar.
Feb.
Feb.
47
70
150
100
96% 128%
114% 144%
146
120% 141
46=4 Jan.
87=4 Jan.
79 Jan.
147 Jau.
81 Jan.
Feb.
Feb.
10
1,145
1,300
2,290
4,175
100
110
10ti%J.ln.
29
21
10% Jan.
18% Jan.
33% Jan.
Feb.
Feb.
Mar.
Feb.
Feb.
Feb.
23
2, 3 06
285
60
130
92
85 % Mar.
34% Feb.
75 Feb.
45 % Feb.
2.W 169 Jan.
2,502 24=4 Mar.
380 37% Feb.
60.017 44 % Feb.
33,035 79% Fob.
20,309
H%Feb.
50 29 Feb.
100 10 Feb.
22,545 79 Feb.
3,400 19% Feb.
22,.')00
49% Fob.
419 135 Jan.
2,000
2,304
Feb.
125% Jan.
7% Mar.
Jan.
51% Jan.
Feb.
101
133
32=4
127% 145%
143
129%
124% Fob.
600
07
137%Jan.
49% Mar.
65% Jan,
2,350
35
82% 97%
19% 27
27% 41%
84
142
41
97=4 Fob.
13
63% 97%
Jau.
113% Jan.
Mar.
73
30
44
14
Jan.
23=4 Jan.
35% Jan.
27 J,in.
55
85
22%
62
29%
80%
85%
55
545
177,013
12,800
63,505
Jau.
36
70 %
90
15
42
K8.U0
94% 95=4
2J% 29
4S% 49%
16
122
46,210
510
100
230
350
J.in.
90
332 120
3,600
41,576
3,480
1,100
Jan.
Jan.
Feb.
71=4
84=4 Jan.
48 Fob.
15 Feb.
40
3S)%
18
•18
41% 41%
41
120% 123
623
300
,32,531
61%
For Full
Year 1882.
Low. High
136% Jan.
151% Jan.
127% Jan.
3% Jan.
33
95
144% 143
83% 85%
120
Feb.
116% Feb.
128% Feb.
89
33
91
07
35
16
1,200
1883.
88
15=4 Feb.
97%
1883.
76% Jan.
139% Jan.
64%
23%
32% 32% .<!2% 82 _ 32% 32% 31%
108 108% 108 108% 107% 107=4 107
32=8
Consolidation Coal
Little Pittsburg Mining
Mariposa Land
Maryland Coal
84
49
40% 40% 40%
97% 98% t96%
29
29% 29%
49
49% 40
32% 33
108% 108% 10a%108%
32
89
COAL AM) MINING.
•30
67 'a
130
United states
137
•.<6
oS
144
40%
9.-1=4
97%
28=4 29%
48% 49%
prof
American
Wells,
34
49%
91% 92
143% 144
67^8
--6
137
36% 37%
174
175
25=4
•4'i
136
•29
•4S
34
50
84
Oregon Improvement Co
Oregon Kailway «& Nav. Co
Do
43
11% 11%
65
65%
24=4 24=4
21% 24=^
19% 19% 19% 19%
71
71=4
70% 70=4
9J% 99% •98% 99%
19% 19%
0a% 99%
•13
Western! nionTe'egraph
37% 37%
107
88
1
650
26,310
11
70=4 71=4
Ontario Silver Mining
Pacilic Mall
Pullman Palace Car
Quicksilver Mining
89% 80%
37% 37%l
175
43
11%
54% 55%
11
'1
New Central Coal
I
100
H8
107
26% 26 26%
42% •41% 42%
60% 51% 49=4 60% 49% 60
88%
86
86% 87% 86% 87
12% 131, 12% 12% 12% 12=t
•32% 33%
•32%
12% 12%
84% 83% 84% 84% 84 84 %
23% 24
23
23% 23=4 23=4
62% 62% 52% 52=4
02% 53
25% 25%
84% 85%
23% 23%
53=4 53%
84=4
22% 23%
63% 63%
39 's
i'acittc
107
'100
,
pref
Paul Mluneap.
100
107
88% 88=4
37% 88
49% .SO^
86% 86=4
12% 12%
*35
Do
Bt.
Texas
Haute
San Francisco
49% 40 Si
85=4 861
12% 13
•100
82
83
231.620 118% Feb.
67,830 .39% Jan.
58 87 % Feb.
7,115
8% Feb.
2,400 14=4 Feb.
30 Jan.
200
5
Feb.
38 Mar.
1,700 72 Jan.
100 73 Feb.
833 I41%Jan.
100 77 Feb.
8,820 27 Feb.
9,070 26 Feb.
48,153 106=8 Feb.
1,076
60 J.->n.
17,540 51% Feb.
53 Mar.
1,000 45
Feb.
000
100
•ii0%
Jan.
Feb,
5SI4 Fob.
e3=4 Fob.
12
Fob.
08% Jan.
79 Fob.
143
118
44=4
3,'^00 102=4
100 46
406 68=4
138=4
400 31
4,448
H
New York Elevated
lUO 107
100 107
New York Lack. A Western.
89
89
New York Lake Krie A: West. "37% '38"
3?% 37%
prof.
Do
New York A New England
New York Now HaveuA Hart.
173% 174
New York Ontario A Western. •24'e--.
25% 23%
Norfolk & Western, pref
41% 41%
182,575
1,266
14,950
3,020
4,300
12,300
7
•44
•26
•14
79
20% Feb.
12,'i68
1,
1,
Highest.
700 29% Fob.
400 22% Feb.
683 130 Feb.
140 leb.
16=4
16=j
16=4
17
46%
88
46%
•31
45
•85
•45
•23
45
45
45% 44% 44=4
27
27
*2b
27
27% 27
•59
60
61
61% •30% 61
Missouri l^ansas^ Texas..
31=4 32%
31% 32% 31% 31=4 31% 31% 30% .31%
102% 102=4 101% 102%
Missouri Pacilic
101=4 103
102% 103% 102% 103
•17
18
Mobile A Ohio
18
19
19% 19% •18% 19% 18
Morris (t Ksaex
122% 122%
123% 123% 123%123%
•58
Nashville Chattanooga ASt.L.
68% 59
60
69
69
69
69% •59% 60% .58% 69
New York Central A Hudson 127% 129% 128% 128% 128 128% 127=4 128% tl23%128% 125 125%
12=8 12=4
New York Chis. A St. Louis..
12% :2'i 12=4 12% 12% 12%| 12% 12% 12% 12%
28%
Do
pref.
28% 28% 29
29
29
29% 29% 29 %l •28% 29% 28
pref.
Ulnneapolis
Lowest.
80%
59% 59%
66% 67%
137
120% 120% 119=4120%
101% 101% 101% 101=4 100=4 101%
120%121%
120=4
67% 68
68%
63
•138
119%
118=8 1191*
13.
JAN,
Range Since Jan.
110
72
32
28
136
March
AND SINCE
Salea of
the Week
Friday,
80
59% 59%1
08% 69%
72% 73
72=8
81=4
•13.1
pref
OblcaKO BnrllDgtou
Obicago Milwaukee
March
13.
•80
...
Canartiau Pacific
Central ol New Jersey
Cential i*acitlc
Wednesday, Thursday,
Tuesday.
16,
1
2
1%
sale
was made
at the Board.
t
Lowest price
Is
ez-dlvldend.
r*
2'4
1%
.
.
.
SlAHcn
..
.
...
THE CHRONICLE.
1888.1
17,
...
'
807
QUOTATIONS OF STATE AND BAILROAD BONDS AMD HISCELLAMEOUS SKCUBITIBS
raATE BONDS.
SKCtTRITlES.
saoVRITIKS.
Ask.'
Bid.
A8k.
ntd.
SSODRITIES.
BBOVftlTIEe.
Aak.
Bid.
Bid.
Aik.
I
OlMsA, 3ta5, 19011...
Clus A, tu S, amaU...
\i
81'
H*
Loulaliuift-K7ouUnu<Hl~
Kx-niAUiriMl coupon
83
Mloliiiraii
88
104
08, fandeil, 18901900 ..
7», L. Itock it Ft. s. Inn.
Momp.A
Canouctlcuc-On, 1883-1..
OeorKia - (la, 1886
78, m'w. 1886
7a, eQiloraert, 1886
7a, Kold. 1890
ilual883
ea,dii» 1886
101
68,da«1887
107
100
7e»up'aofr.A.A().
Pundlnii act, IWIIS UIOO
inti>g
85
iba'
. .
New Tork—
gold. r«g., 1887
sold, coup., 1887
loan, 1891
loan, 1892
loan, 1803
N. Carolina—68, old, J.AJ.
0A,old. A.AU
i06>
1061
114
68,
68,
6a,
68,
08,
69
IHUHIHOS
Ilo
New liouila, J.A.J., 'O'ia
ila«1888
do* 1889 or 1890.
Aayl'm or UnlT.. duo '92 11213
110
KundlnK, 18B4.95
Hannibal <ft at. Jo., '80.
ll'i
'87
Oo
do
113
S.'S
1914
7a, eonsol.,
7a, amall
Do
6a,
68,
I,.Uock ItH
7», L. U.I'.B. &N.O. HIl
7», Miss. O.A U. n. RH.
78, Arkansas Out. RR.
lis
6a,
ArkansoA—
7i,
—
7a, 1890
Mlaaonri—
101
ClMsII. '», 10IMI
ClllMC. 4.H, lUOU
6». IO-'JOd, lUOO
N. Can>lln»~(;onUuuoU'
No Carolina Rlt., J.AJI Its
Do A.AO
)
ISS
Do 7coup'BotT, J.AJ.
A.AO
Vo
Ohatbam
nu
Special tax,cla8a
Do
Do
Do
Do
Do
1 ,
'989
cla8a2
to W. N. G.
RR
WeatemRR...
Wll.O.ARu.R.
South C'arollDa—
ea, Act Mar, 2S,
I
10
IS
(."inp'mlsfl3-4-6-6s,19I3
%
Vlrxliila-amnld
es,new,IHe6
6
6s, new, 1867
6e, conaol. bonds
6s, ex-matnred coupon
Os, eonsol.. 2d aeries. .
fi
fiv
6»
»'
6s.do(erKid
8668, 1924
Hmali bonds
Redstered
FoniUngSs, 1899
109
68.1888
Do
Do
Rhode Island—
6a, conimn. 189309
'.20
small
roilsiered
..
HAILUOAD BONDS.
Del.
Kallrond Bonds.
Atcli.T.A.8.Fo-4'a,19'iO
Sinking fund, 08. 1911.
Reus.
100
L—
lowaC. dtWest.— l8t,7a
97
Ang.— Ist.Vb 108
Ohio— i'nr. m'vfd.
6s, gold, scries A, ld08.
6a, gokl, series 11,1908.
68, curreucy, 1918
Mortgage (Is, 1911
Chicago & Alton— Ist, 7b.
Binklnz fun<l, Cs. 1903.
lA. A Mo. Riv.-lat, 78.
2d,7a,1900
St. L. Jack.* Ohlc— Ist
l8t, guar. (5e4),7s,'94
2d(;UiO).7«, 1898
2d, guar. (188),78.'98.
Ml88.K.Br'go-l8t,8.f.6s
C.B.AQ.-Colisol. 7s,1903
6a, Sinking tnnd. 1901..
52
100
91»4
V
54
I
117V
USHi
llti>a
109
117
117
120 la 127
IO6H1'
V
.
V
.
119
58,l.aC.ADav.,1919
lst,8.Minii.Dlv.69.1910
iBt, H.
D., 7s, 1910..
Pac. I)iv.,Gs,1910
Ch.
lit,CIiic.AP.\V.,5s.l921
Min'l Pt. Dir.,D.s, 1910.
A
A
104
C.
96
lOU
ioo"
6.s,
1929.
124
"a
124'4
112>a
Eaoan'aA I..8.— lst.68.
Dea M. A MIn's— 1st. 7a
114
113>a
M iillund— 1 St. 8a.
PenluHula— lst,conv. 7s 120
Chicago A Mil.— 1st, 7a 118
2d, 78,1907
133
121
107'« 108
MlI.A&(ud.-l8t,e8,1903
C.C.O.A Iurt'8-l8t,78,e.f.
Conaol. 73, 1914
121 la
0.8t.P.M.AO.— ConsoL.Os
107
0.8t.l>.AM.-l8t,Bs,1918
N. Wia.-lst,
«8,
8d. 6s, 1926.
Col. H. Val.
Tol.— lat. 6s
Del. L.A VV.— 7», conv., '92
A
Mortgage
1907
8yr.Blng.AN.Y.-l8t,7a
Morris A Kssex.— l3t.'78
2d, 78, 1891
Bonds, 7b, 1900
7aof 1871, 1901
Ist. eonsol., guar.. 78
7b,
N.Y.Lack.
Det
AW.— Ist, 68
A H.— 1st, 7s, 1884..
78,1891
1st, ext., 78,
"
i'u"
115
iVi"
113
97
95
"si"
116
l'.i6
130
135 >a 137
110
'123'a
122
121^ 121
113 >a
104'
1891
a,
Equilim't bds., 83, 1883.
lie
63,1909
Coupon,
iii'
Jack.Lau.ASag.—68.'91
i'lS'
Coup., 78, 1894
Reg., 7s, 1894
lat. Pa. Div.,cp..7p.l917
Pa. DlY.,reg..7s. 1917..
.
.
.
1930
Chlc.AK.Ill.— l8t,8.f.,cur.
Col.Aar8en.-l8t,«s,191B
|
1
'121V
8t.P.AS.(;.-lst,«s,1919
.
•
lOlV---.
101=4..-
Win.A tit. P.— lst,7s,'87
.
I
binking fund, reg
Sinking fund, u.s, 1929.
Sinking f uud, reg
lonnra
.
.
C—
10.1 "a
loft's
1-24
StnTcing fund,
>,
1
924
1885
Coupon, gold,
Reg,
114
2d, 08.1901
Bellev. ,«M. III.— lat, 88 via"
N. Y. (Central— 68, 1883.. 103 19
92
1st, 68, 1920
107 "s'
68,1887
St.P.Minn.AMan.-lat,7a 108 >«
93
109
Ellz. Lex. A IllgS.—68...
OS's
-08, real estate. 1383 .... •102 |102>a
2d, 6.S, 1909
102
'•125>al'27
108 <B 109
Erte-lat, extended, 78...
Dakota Ext.-6s, 1910
68. subscription. 1883..
'a'
110
N.Y.O. A ll.-1»t,cp.,78 I30<4 130=4
Mln's Un.-lst.63.19'.'2
2d, ext«nded, 5s. 1019. lOSia lUCa
130
lat, reg.. 1903
4th, oxtondod, Bs, 1920. 'lOSia
St. P. A Dnl.-lst.53.1931 ioo
5th, 79, 1888
Huds. ir.-7s,2d,s.f.,'85 106^9 107^ So. Car. Ry.— l8t,68, 1920 102% 103
I'iO
93
95
Ist cons., gold, 78, 1920. 125
Can. So.— l8t,int.g'ar.5s
OO^a' 96'«
2d, 6s, 1031
Ift cons., id. coup., 78..
Harlem- Ist, 73, coup •130
Tex.Cen.— l8t,B.(.,7s,1909 107 108
•130
106
Reorg., 1st lien, 6s,1908
Ist, 78, reg., 1900...
lstmort.,78, 1911
117^4 Tol. Del. A Bur.-Malu,68
"fi"
I.oog Dock b*ds. 7s, '93. , _-- 120 >t N. Y. Blev'd-lst.,78,1906 116
Ist, Dayt. Div., 8.3, 1910
Bn(r.N.Y.AE.-lBt,1916 131
lN.Y.Pa.AO.-.Pr.rn.0a.'95
N.y.L.E.A\V.-New2d0 -••
N.Y.C.AN.-Gen. ,08,1910 46
lat, Ter'l trust, 63, 1910
B2%
95
46
Trustee., rocoipta
Va. Mid.-M. lnc,6a, 1927
2d, eonsol., fd. cp., 5a.
Buf.AS.W.— M. 6s, 1908
Wab. 8t.L. A P.— Oeu'1,69 79'a 79 >•
N. Y. A New Eng.— l3t, 78 1:5
98
Ev. AT. 11.— l8t.cons.,6a
Ist, fla, 1903
Chic Div.-58, 1910 ....
81>B
114
95 'a 96
87
Hav. Dlv.-6a. 1910
Pl't AP.M'rq.-M.6s,1920
N.Y.C.ASt.L.-lst,e8,192l
Gal. «ar. A .S. Ant.— lst,6a
N.Y.W.Sh.A Buff.-Cp.58 76
70% Tol.P.AW.-l8t,78,1917 107 108 <
89
104
•2d,7s,1905
Nevada Cent. —Ist, 69
Iowa Div.— 6a, 1931....
*
ox's N. Pac.— G. 1. g., l3t.cp.Os
101
Ind'polls Dlv.-6a, 1921
Mol. A Pac.— Ist, 53. ..
Detroit DIV.-6S, 1921
2d, 6s. 1931
•••.:
Registered, Oa, 1921 ...
80
(Ir'nBayVV.AS.P.— lat.Os *78
87 "a
N.O. Pac.-lst, Os, g.,1920
Cairo Dlv.-Si). 1931..
OS's
aulfCol.AS.Fe—78,1909 112 112'3 Norf. A W.-G'l. Os, 1931. 101
Wabasli-M.,'78, 1909
118
108 V
Tol. AW.— l3t,oxt.,7s 106
Han.ASt.Jo8.— 88.conv.. 101 "i
Ohio A Miss.- Conaol. 8. f.
100 V
117=4
Conaol. 6s, 1911
1st, St. I,. Dlv.. 7a, '89 100
Consolidated 78, 1898
;„,:••, 105
100
2d, ext, 7s, 1893
Hon9.AT.C.-l8t.M.L.,7a lOSij
2d consolidated 7s. 1911 120
lOBij.
80
iio"'
Equip. b'da,78.1883..
Ist. West. Div.. 78
Ist, SprlugHeld Div., 7s
94
112 1.
89
Consol. conv., '7a, 1907 •«2
Ist, Waco A N., 73
OhioOentral-l3t,03,19'20
105
126
80
Ot West.-lat, /a, '88
2d eonsol.. main line. 88
1st Ter'lTr., 03,1920...
100
'2d, 7s, 1893
2d, Waco A No.,83,1915
Ist Min'l Div., 03, 1921.
103
'si'!
Q. AT.-l3t,78, 1890.
General, 6a, 1921
Ohio So.— lat, Ga, 1921
Han. A Naples— lst,'7s
91
Hous.E.AW.Tex.— lat,78 91 102
Oreg'nACal.— l8t,0.s,1921
93 '«
m.ASo.Ia 1stEx..63
93
Or. A Trans' 1— Os,'82. 1 922
Ill.Cent.— Sp.Dlv.— Cp. 6s
91
8tL.K.C.AN.-B.e.7a 107'< 108
Oreg. Imp. Co.— Ist, Os...
91>a
Middle Dlv.- Reg., 5a.. ..
100
Om. Div.— lat, 78
Panama— S.f.,sub.0s.l910 103
C.St.L.AN.O.—Ten.U73,*113
Clar'daBr.-6s,1919
Peoria Dec. A Ev.— Ist.Oa
Ist conaol.. 7s, 18S)7 ..'113
1*100
St Cliaa. Br.— IstOs
Evans.Div., lat,6s,1920 •96
2d, 7s. 1907
*102
130
102
103
No. Mlaaouri- lat, '7a.
Peoria A Pek. U'n— Ist.es 100
Gold, 68. 1951
117
Pac. RR3.-Cen. P.-G.,69 114
1141a Weat Un. Tel.— 1900, cp. 116
2d Dlv., 78. 1894
I1I3
ilB%
- 116
1900,reg
.
San Joaquin Branch..
Ccd. F.A Minn.— 181.781*
N.W. 'relegrapli-7B.1904
...
... 106
Ind. Bl. A W.— 1st prf. 73 118
Cal. A Oregon— 1 St, Os
8«i^' 88
Mut Dn.'r:-S.P.,6.3,1911 83 83V
State Aid bds., 73, '84
Ist, 4.5.08,1909...
*V3iai 74
Spring Val.W.W.-l»t «a
Land grant bonds. Os.
2d, 4-5.03, 1909
Oregon RU. A N.-lst, 63 ib6i« 106%
West Pac— Bonds, 03
East'nDlv.-Os. 1921... *91i3 »»
So. Pac of Cal.— lat, Os. 103
103>a
Indianap.D.ASpr.-l8t,7s' 100
INCOME BONDS.
.—
Union Pacific— let, 6s. 11419'
2d, 68, 1911
(JnUrfMt pui/ahle tf e'trntd,)
Land grants. 73, '87-9. 109
Int.A Ot.N0.-l8t.6s,g0ldl 107 |....
Ala. Ceut— Inc 6s. 1918.
82
SB's
Sinking funds, 8s, '93. 115V
Coupon, 68, 1909
Alleg'y
'•leg; Cent— I uc, 1912.
Registered 83, 1893...
Kont'IiT Con.— M.,68,1011
!1"'.".
.tl.A Pac— Inc, 1910.
i03
Collateral Trust. Os
Lake Snore A Mich. So. —
8S
Central of N. J.— 1908
Kans. Pac— l3t,03,'95 108 4' ...
Mioh.S. A N.I.— S.fd.,78 100=4'
Inc. 7s. '90
Col. C. A I.
108 Si' 109
1st, Os, 1890
Clove. A Tol.— Sink, fd.j 105 >a!
70
Reorga'u Tr'st Co. cert
Den. Div.,0a,a3'd,'99 107=41084
Newbonds, 7s, 1886.. 107 107 '(
60
Cent. la.— Coup.debtctfs.
1st consul., (>3, 1919.
991a 100
Clere. P. A Ash.— 7s.... 113
Ch.3tP.AM.-L.g. iuc.Os
C.Br.U.P.-F.C.,73,'95 •99 la]..-.
Buff. A Erie— New bds. 118
Chic. A E. Ill.-lnc. 1907
91
At.C.AP.— lst,03,1903
Kal. A W. Pigeon— iBt. *100
894 DeaM. A Ft D.-l at,lnc..6a
At. J.Co. AW.— Ist, 68
Det.M.AT.— l8t,78.1900'
Det Mac A Marq.— Inc.
Oreg. Short L.— lat.Os *95
Lake Shore— Dlv. bonds i21 I'-'Sij
33% 84V
E.T. V.AOa... tnc.,0a.1931
Ut.So.— Oen.,7s,iyo9 101 103
<.'ousol., coup., 1 St, 7s. 125 '4 I23-Ti
El.C. A No. -2d. Inc., 1970
|l'.i«
99
Exton., 1st, 73, 1909
Conaol., reg., 1st, 78..
10
ATo. Pac— lat, cons., O3. 102>a'l03'>4 O. BayW.A StP.— 2d,lnc
Consol., coup., 2il, 78. 12078:....
Ind. Dl. A W.-Inc, 1919
112
120
•Sd, 78, 1906
Conaol., reg., 2d, '7a...
49
Consol., Inc.. Os. 1921..
118
105 "a
Pacific of Mo.— lat, 63 105
Long Isl. R.— lst,7a, 1898
30
40
Ills
Ind's Dec.A Spr'd— '2d inc
96^
2d, 78, 1891
98
IstcousoL.Bs. 1931 ....
Trust Co. certificated...
St. L.AS.F.-2d,03,cl.A •98 "a 100
Louisv. AN.— Con3.7s,'98 118
Wilkesb.
Caal-'88
Leh.
A
class
OS
3-08,
C,
1906
....
102
gold,
•At ,78,
1883
46
97 -4 Lake E. A W.-l nc.7s, '00
93
3-08, class B., 1906....
CocllianBr'ch-78,1907 lOl'a
aand'kvDlT.— Iuo.,1920
9j
l8t, 6s, PelrcoC.AO..
N.O.AMob.-lst,«8l930
Lat.Bl.AMnn.—
Ino.'Ts.'Stf
103
1893..
100
102
Equipiucnt,
7s,
11.
N.-lst.«s,1919
E.
A
99
99 <a MIL L. S. dk W.— Incomea
Qen. murt., Os, 1931..
General, 08, 1930
93
95
85
Mob. A O.— lat prt. deben.
103%
80. Pac. of Mo.— Ist
Pensac'la Dlv.— 6s, 1920
•
3d pref. debentures.
104
l8t,6s,1905
Tex.APac—
98
St. L. Div.— Ist, 68,1921
3d pref. debentures..
Consol., Os, 1905
911a 94
2d. 33.1980
so
Income A Ld. gr., reg. 63 '9 63 <a 4tli pref. debeuturea.
Nashv. ADec— Ist, 78. lli'allS'a
96
l8t,RioG.Dlv..«8,1930
81% 81 « N.V.Lake E.AW.—lno.6a
S.AN.Ala.-S.f.,6s,1910
65
N. Y.P.AC— Isl lno.ao..7s
Pennsylvania UK.—
Leban'n-Knoi- 0s,1931 100
30
Ohio Cent- Income, 1930
96
Pa..t;o's gu >ir. 4 'as.lst c.
Louisv.O.A L.— Os, 1931 100
Itta7s.l931
Uln'lDlT.—
1921
Registered,
98
99
L. ErieAW.— lst,0s,1919
36
SO
Ohio so.— '2d Inc. 6s, 1921
Pitt-C.ASt. L.-l8t, 0.7s
Sandusky Dlv.— 68,1919
95
Ogden«.AL.a— Inc., 1930
lat, reg., 78. 1900
lAf. lil.AM.- l3t.Ba.l919 ••98>» 100
Small
102 H
2d, 7a, 1913
Loulsv.N.Alb.&C.-lat.08
PeorlaD.AET.-Inc,1930 •*
Pitta. Ft. W. A Ch.-lat 136 <«
88
Mauhat.H'chCo.—78,1909
es
Evans. Dlv.-Inc 1920
•133
".id. 78. 1912
125
N. Y.AM. B'h-l8t,'?8,'97
PeoriaA Pek. U n.— Ino.,6s
131
3d.7a,1912
Marietta A Clu.— let, 73.
43 S 44"
136 >3 Roch. A I'ltls.-Incl931
Clov. A Pitts.—Cons. s.f. 125
Ist. sterling
if
Rome W. A Og.-lnc, 7s. 48
4th. sink, fd., 63. 1892. 108 la
Metr'p'lifn Kl.— lat,1908
97 •«
»7«» Hi"
.•*o. car. Ry.— Inc.,6s, 1931
Col.C.AI.C'.— l8t,consul. 143
2d. 6a. 1899
3t Louis I. Mt. A So.—
2d conaol., 7s. 1909...
Mex. Con.- l8t. 78, 1911. •73
1st, 7a,pref.,intaccom. 131
1 8t, Tr'atco.ctf 3.,a3s'd
Mich. CKn.-Con.,7a,1902 125
3d, 6s, int. accum'laUre 118
2d, Tr'st Co.ctfa.,a83'd
Consolidated 58, 1902 .. 104
B..lnc'94
I
"2
Conaol, bonds, 78, 1915.
Extons'n bonds, 78, '85.
7». 1902..
gold, 7», 1902
Arkansas Br.— 1st. 7s...
Cairo A Fulton— lst,7«
1
119
111
923, 93
109
Interest bon<ls,78, 1883 103
lat, 78.
92
Hi
108 >a
108 110
107
108%
109 V
Cairo Ark. A T.— Ist, 7s
Oen. r yA 1. gr., 68, 1931
79
St. L. Alton Ar. H.-lst,
108
2d, pref., 7s, 1894
2d, Income, 78, 1894 ...
106
2d, 7s. 1897
1
A MTu. v.. 58. 1921
A N'west- 8.trt.,7s.'83
117
Morgan's l,a.AT.— Ist. fls
72<» Nasli.Chat. ASt, L.-l8t,7s
72%
76%
A
I
iOU
123
110
C.A L. Sui).Dir.,58,19'21
Wis.
116
.
93 is^ 04^
63
64 ^a
Scioto Val.— 1st, cons., 7a.
St L. Iron Mk-lat, 78
80
•105
Cona. 7s. 1904.3.6
67
Cons. 2d, income, 1911.
H. A Cent. Mo.— l8t,'90 •106 108
Mobllo&ohio.-New. 08. 107'*
106
Collat. Trust. Os. 18'J2..
A
Incomea, 1900
W
1
l',!3
120i< 123
l8t,73, 1.&U. E.\t.,1908 •120
8. W.Div., Ist. 08,1909. 108
lat,
K.T. Va.A «.-lst,78,1900
103 >a
79
1920
68. 19'27-.
Atl. ACh.-l St. p., 7e.,'97
1
'IO8H1I
la. Dlv.-H. F., 58, 1919 102 >a
8818
8. F.,4.s, 1919
Denver Dlv.-4s, 1922. •83 "a 84
4e,1921
O. R. I. & P.-68,cp.,1917 *123'a 125
125
68, reg., 1917
Keo. & Des M.— 1st, Ba. i03Hi
Central of N. J.— Ist, '90. 114
lat cousol. assented, '99 111
114
Conv., a3sente(1,78,190'.£
106 106
Adjustment, 7s, 1903.
I,eh.& W. B.-Cnn.g'd..i8 100
Am.Dk&Imp.— 5s,1921 88
132
C.M.*St.P.-l8t,88. I'.D.
2d,7 3.10, P. D., 1898.. 120 122
l8t.7s, $g.,R. D., 1902. 125
lat, LftC'.Div., 7.S, 18113. 118
Ist, I. A M.. 78, 1897... llOHi 120'a
Ist, 1. A ».,7s, 1899....
l8t,C. A M..7.s.ly03...
Consol. 78, 190j
2d, 7s, 1884
91
*95
Os.
lllia
EUz.C.A N.— S.(.,deb.0.68
l»t,S8,lff21
96 Hi
Buf. N. Y. & Fhll.— I8t,e8
Central Iowa— Ist, 7», '09 '103
Cliea.A
loo's
1st conaol. .7s, 1910....
Denv..So. I'.A Pac— 1 at.7B.
Det.filac.
Marq.— l8t,63
Land grant, 3 '•as. 8. A
Debenture
8'thw.Ext.— l8t,7a,1910 •111
Pac. Ext.-l8t.6s.l9ai. •102
Mlaaouri Kan. A Tex.—
Qcn. con.,
Denv.AKloar.— lst.1900
100
2d, 7e, 1891
115
*
lat, c^)U8.,5b, 1930
Divisional 58, 1930
C.Rap.Ia.F.*N.-lst,6s
.
138
'183
1921
Rich. A Al.-let, 7a. 19'JO
Rich. A Danv.—ConB.g.,68
Mlnn.A8t.L.— l8t.78,192 •119
IowaExt.-lat,78, 1909 •115
1
Ill
106V.
A Sar.— Ist, coup.
lat, reg..
94>«
& Pac— l»t. 6s. 1910 94
H»lt.& o.-l»t.6«,Prk.Br. llS'a 114
46 'a
45
BoBt. lliTll. .t K.-l8t, 78
Guaraiiteod
Uur.C.ltai). i JJo.— l9t,Ss 100 14 101
Mlnn.i
n. ASt.
Ist.Ts.KU '120
,t
H. -Continued—
2d, 78, 1885
l8t,cons.,gnar.7s,1908
latcon«..68, 1906
Atl.
Char. Col.
A
Alb. ASu8q.-lst,78...
(Stock fCxctuiuof Pricft.)
Ala.(;eiitral-l»t,(i8, 1918
Allef5'y Ccil.-I St, 68,1923
n
District o( Coliunbta—
Ohlo39
a*
6s, aair, 18M-8-1A0O
68. new series, 1914 ....
78
77
Small
101
01%
TenDanaa--3^ald,lft934l
W'n,.tTarR.
Conaol. 48, 1910
1
non-fnndabl*. 11
_ Brown oonaol'n 8a.
iVs'
124
58, 1931
Registered. 5s. 1931
A
No.-lst, 6a. 1910.
Mil.L.H.A\V.-lst,6s,1921
Mil.
•100%
90
No piled FrltUr—these aro Utes( quotaUozu made tUla voek.
96
98
lBt,Tr'tCo.ctf8. supul.
116
St. L. V.AT.H.-l8t.g.,7a
2d, 7a. 1898
2d, guar.. 7s. 1898..-.
Pitta. B.AB.-lst.89.1911
W. Og.—Con. 1st,
Pitt.- Ist.Rs. 1921
114
Rome
A
Rmh.A
t
A uy.-Sor.
Plain incomes. 6s. 1896.
URy.— Incl)!
8terlln«
8tL.A. * T.H.-DIV. bds.
St'K I.
M
I>eLAB.~lnc.6s,I910
Dayton Dlv.-6s. 1910..
Tol.
73
104
Coaponj on slaoo 1869.
Tux.A-'t-I.— t..T..ln e
IMP
74%
Hi
——
.
..
..
. ...
.
THE CHRONICLE.
308
New York
Bank
Butchers'
Central
Chase:
156
100 151
100
100
25
. .
4 Drov's'
V26h
7 Pine
Park
People's*
Fhenlx
Produce*
Bepnblic
St.Ntcholas*
Seventh Ward
Second
ShoeA Leather
New York'
Third
Tradesmen's
Union
United States
Wall street
Side*
American
Amer. Exchange
Bid.
40
100
30
60
145
105
160
174
165
140
109
120
90
230
220
70
85
117
17
10
70
75
100
100
50
60
26
100
116
190
50
100
25
26
17
..
Bowery
Broadway
20
70
Citizens'
City
Clinton
180
136
100
60
100
Commercial
126
Continental
Eagle
Empire City
16
Excliange
Farrflgut
Firemen's
Firemen's Trust.
Franklin & Emp..
.
German-American
.
Oeiiuania
Glohe
Greenwich
Guardian
Hamilton
no
15
60
60
100
60
Howard
Importers'&Trad's' 60
100
Irving
30
Jelferson
Kings C'nty (Bkn.), 20
40
Knickerbocker
100
Lamar
Long Isl'd (B'klyn) 60
26
Lorillard
Manufac. & Build.. 100
100
Manhattan
Mech.* Traders' .. 25
Mechanics' (Bklyn) 50
50
Mercantile
50
Merchants'
Montank (Bklyn.).. 60
Nassau (Bklyn.) ... 60
37 >i
National
36
N. Y. Equitable
100
N. Y. Fire
N. Y. <t Boston ..-. 100
100
New York City
60
Niagara
26
North River
26
Pacific
100
Park
20
Peter Cooper
60
People's
50
Phenlx
60
Belief
100
Repnbllo
25
Butgers'
60
Standard
100
Star
100
Sterling
26
Stuyveaant
25
Tradesmen's
26
United States
10
Westchester
Williamsburg City. 50
Hanover
Hoffman
Home
140
98
115
117
110
240
60
114
130
80
140
75
80
60
130
180
70
70
110
i
101 >4
125
25
Oriental*
Pacific*
COMPANIES.
Brooklyn
25
.
West
S. Bailey,
by B.
60 160
100
2S
20
60
100 133
100
100
100
100
100
100
40
60
100
50
100
140
136
110
160
105
55
107
BOSTON.
Atch. A ToiMska— Ist, 78.
Land grant, 7s
Atlantic A Pacific—6s ...
Income
Bo.ston A Maine— 7s
Boston A Albany— 78
Ask
160
no
A Lowell—78
Boston
A
240
240
80
100
125
80
85
120
200
ChicBurl.A Q.-D.EX.
5
GAS COMPANIES.
Par.
A
Staples, Brokers, 11
Wall
78
N. Mexico
So.
Citizens' Gas-L. (Bklyn.)
i
Bonds
50
20
50
100
600
100
Jersey City & Hoboken.
Manhattan
Metropolitan
Bonus
Mutual (N. Y.)
Bonds
Nassau (Bklyn.)
York
10 1,000 000 .[. &
375, 000 M.&N.
125 000 Var's
466 ,(M)0 F. &A.
1,000,,((00 Quar.
1,000,,000 A. &0.
People's (Bklyn.)
Bonds
Bonds
Central of
1,000
Var's
60
50
1,000
100
100
New York
Williamsburg
Bomis
Metropolitan (Bklyn.)
Municipal
3 Jan.,
3 "a Oct.,
3 |Aug.,
7'3 Jan.,
6
iDec,
8
3
'Feb.,
I
2>2 Jan.,
6
3
1982
I
55
90
126
62
105
87
80
70
100
81
188
106
70
IScpt,
31a Nov.,
5 [Nov.,
J. 3>3 Jan.,
Scrip
New
&
&A
&
&
&A
O.
315,,000 A.
1,860,,000 F.
J.
750,.000;J.
J.
4,000, ooo;j.
2,600,,000,M.<S S.
750,,000 F.
3,500, 000 Quar.
1,000 1,500, Olio M.&N.
25 1,000, 000 Var's
700,;ooo M.&N.
Var's
100 4,000,,000 M.&N.
1,000
Harlem
...
B.mds
Fulton Municipal
100
AN
3 Hi Nov.,
3
[Oct.,
Aug.,
3
IHj Feb.,
3
lOct.,
1,000,,000 M.
3,000.1.000'
750,,()00,M.&N
1,500,'.OOO:
Jan.,
Feb..
18f
&
T.
J.
J. Jt J.
7
Q.-J.
Q
I
I
I
j
I
42d <t Grid St.F'ry— Stk
1st mort
Central Crosstown—Stk
Ist more
Houst.W.St.&P.F'y-Stk
Istmorr
Second Av.— Stock
3d mort
Consol. conv
Sixth
A v.— Stock
l8tli.i.il,
Third Av.—Stock
Istmort
Twenty-third St.—Stock
latmort
*
100
748,(K)I)
1,000
286,000
600.000
200,000
250.000
500,000
100
1,000
100
600
100 1,199,500
J.
&J).
Q.-F.
100
•-'600.000
'83
Q.^I.
Q.-J.
Q.-J.
J.
&
J.
(i.-J.
J.
F.
J.
&D.
& A.
& J.
'83
210
102
'83 190
•20U
105
'83! 160
Jan.,
'83 143
Jan.,
Uec, 1902 115
Feh., '83 108
1898
106
112
'83 2.50
'93 116
'83 250
'84 100
26.)
Feb.,
J.
A
J.
M.&N.
A.&O.
M.&N.
J.
J.
&
A
J.
J.
!•.
A A,
250,000 M.&N,
June,
Nov
10'.i>a
'82 270
Jnly,
'90 110
'83 165
'93 113
10 "a
CityAChic— 1st,
Creek- l8t,
125
104
101
tJ8
6s, coup
6s, reg.
Pennsylv.— Gen.,
Oen
1
12413126
6s, cp., 1910..
Cons, 68, reg., 1905....
Cons., 6s, coup., 1905...
Cons, 6s, reg 1019-...
7s, 1896.
N. Y.
Pa.
,
104
126
126'4
..'124
1191a 12OH1
119
106
120
123
C—
STOCKS.
i-j
.
.
—
61\
65"^
65 '4
68 14
613,
Penn.HV Ivania
A
.
20
106
Erie.
Philadeliihia
Phila. Ger. & Norristown
N.Y
Phila. Newtown
Rc.idlug
Phila.
Phila. A Treutoii
Bait....
Phila. Wilm.
61
'i
21
81,
561a
14
49
RAILROAD BONDS.
No.Ceiitral— 68,
6s, 1900, A.
41
41l«
9
66
14 Vi
107%
7813
105=14
102
14^4
RAILROAD BONDSAllegh. Val.— 7 3-lOs, '96
7s, E. ext., 1910
16=8,
1221a 126
122
45
Inc. 78, end., coup., '94
Belvid'e Del.— 1 8t,68, 1 902
..
102
2d, 68, 1885
104
.Id, 68, 1887
Buff. N.O.A Phil.- l8t,68
2d, 78, 1908
Cons. 68. 19il
1 St. '1-r. <-•«. 1322
104
1171a
115
109
108
110i«
J.AJ.
6s, gold, 1900, J.AJ...
Ceu. Ohio.— Bs. Ist.M.AS.
W.Md.-6a, l8t, g., J.AJ.
Ist, 1890,
J
2d, guar., J.
J.AJ
A
. .
Preferred
'85,
AO
33
CANAL STOCKS.
123
49
121
i
f
l'2e
120
50
50
50
50
Central Ohio— Com
Pittsburg A ConnellsvlUe
65 '(
Parkersburg Br
56
Northern Central
Western Maryland
69
191>,
Companies.
Bx-diTideud.
Par
100 199
80
N.W.Va.-3d,guar.,JAJPlttsb.AConefla.- 78JAJ 12 i=, i22i^
West Cheater- Cons. pref.
West Jersey
West Jersey A AtlanticLehigh Navigation
Pennsylvania
Schuylkill Navigation
Ohio
.
Pittsb.Cln.A St. L.— Com
St. Paul A Duluth— Com
Preferred
J.
A
1st pref
2d pref
107
Atlanta A Charl.— 1st.
26 14 26%
76
Inc
100 191
Balt.AOhio—68,'35,A.AO 105
611a 61>4 ColumbiaA Greenv.— Isls 101
78
2ds
"35"
A
A
United N.
Baltimore
52 la
4108
—
A
RAILR'D STOCKS.
69
64
'
110
This coltunn ebows last dividend on Hockt, but date of maturity a( bond:
10»«
reg
6a,
A West.—Gen..68
133
123
87 'i
1031a 104
120
,
—
117
113
162
114
102»4
line
Valley
Nesqnehoning
""
Norfolk
A Wesfnt—Com.
Preferred
Northern Central
North Pennsylvania
821a
108
Keb.,
Oil
Oil
Preferred
78
Nov.,1904 103
80
'94
July,
110
'83 180
Jan.,
April, '85 103
May,
Debenture
Norfolk
110
123
,
iis"
Fel).,
Cons. 68, CAR., 1923711a N. O. Pac— 1st, 68, 1920
105 >» No. Peun.— Ist, 6s, cp., '85
1141a
2d, 7s, cp 1896
Gen, 7s, reg., 1903
Gen.,7s,cp., 1903
—
118
112
112
108
250
116
,'9S
1910
—
250
'88 lO'i
'82 240
'90 110
1900
— lst,68,C-AR
.,
Aprii, '93 110
Nov.,
Nov.,
July,
I.eh.V
2d, 7s, reg.,
Atchison & Topoka
Boston A Albany
Boston Clinton A FltehbBoston A Lowell
Boston A Maine
Boston A Providence
14513
115
185
2d, 6s,
>a
120 >«
A
•
7,1906
81 1« 81'i Perkiomen—
104
1 st, 6s,cp-'87
175
1761a Phil AErie— 2d.7B,cp.,'88 1121a
55
66
Cons.. 6s, 1920
9i
96
1041a
Cons., 6s, 10'20
161
93
97
Phila. Newt. A N.Y.— Ist
i62ia
121
Phil.AR.-let,6a,1910..
120
Cheshire, preferred
2d, 78, coup., 1893
Chic. A 'SV'est Michigan..
Cons, 78, reg., ^911 .... 125'!i 1281a
126 a 126
Cinn. Sandusky A Cleve.
Cons., 78, coup 1911
101
01 "a
Concord
Cons., 6s, g., I.R.C.19n 112
Connecticut Tiiver
1897
Imp., 68, g., coup.,
96 14
96
Conn. A Passumpslc
Gen., 6a, g., coup.. 1908
102
101
Counotton Valley
Gen., 7s, coup., 1908
95
92
Eastern, Mass
Income, 7a, coup., 1890
83
E.tatem, New Hampsh..
Cons. 68, Ist ser.,c.,1922
119
67
65
Fiichburg
Cons. 5s, '2d 8or.,c., 1933
25
87
Flint A Pere Marquette.
Conv. Adj. Scrip, '86-88 83
98
75
1«
Preferred
Debenture coup., 1893J
Fort Scott A Gulf— Pref
Deb. coup, off, 1893 ....
114
Common
Scrip, 1882
Iowa Falls A Sioux Cltv.
Conv, 7s, R. C.,1893..«
31
78
Little Rock A Ft. Smith.
off,
1893
coup,
Conv. 78,
60
Maiue Central
Conv. 7s, cp.off, Jan.,'85
Manchester A Lawrence.
931a 94
Ball.—48,tr.ct
Phil.Wll.A
&5ia
Marq. Hought'n A Onton.
Pltts-Cin.ASt.L.-73, reg 1201a I2II4
96
95
Preferred
Pitts. Titus. A B.— 7s.0]
160
Nashua A Lowell
Rich. A Dan— Cons.iut.t
122"
461a
N. Y. A New F.ngland ..
7a
Potta.—
ShamokinV.A
Northern of N. Hampsh 110
Sunbury A Erie— Ist, 78
88
Norwich A Worcester.. 157
Sunb. Uai. A W.— 1st, 6e
27
Ogdensb. A L. Champlaln
2d,6a,1938
136
Old Colony
Com.—
1st, 78
Syr.Gen.A
Portland soco A ("ortsm II211
Pacific- lst,6s,g. ibs" loi"
A
Texas
121
122
Pullman Pal.are Car
Rio Gr. Dlv.- 1930
17
18
Rutland- Preferred
93 >B "si"
Cons, 6s, gold, 1906 ....
115
Revere Beach & Lynn
Inc. A L. Or., 7s, 1915.
"3"4
Tol. Clnn. A St. Louis
Union A Titusv.— Ist, 78. 951a
Verm't A Massachusetts
United N. J.— Cons.68,'94
Worcester & Nashua...
A F.— 1st, 7s, 96 111
22<i|,
22 »< Warren
Wisconsin Central
West Chester— Cons. 78.. 117
30
Preferied
West Jersey— 6s, dob. cp.
116
1st, 68, coup., 1896
PIIIl.AOELPHIA
123
1st, 7s, 1899
RAILROAD STOCKS, t
112
2
Cons. 6s. 1909
Allegheny Valley
16=6
W. Jersev.t All.— 1 8t,6s,C. 110 110
Butlalo Plttsb. A Wesfn
31
Western" Penn.—6s, coup, 109 10913
Preferred
107
6s, P. B., 1896
Camden A Atlantic
Gen., 78, coup.. 1901
Preferred
21
CANAL BONDS.
Caiawlssa
86
67
80
68
Ches. A Del.— lst,0a,1886
1st preferred
54
66
Lehigh Nav.— 68,reB.,84. 103 103 14
2d prefen-ed
Mort. RK., reg., 1897 .. 11^14
Delaware A Bound Brook 130 135
1181*
Cons., 7.3, reg., 1911
E.ist Penn.svlvanla
Greenw'd Tr., 7s, reg...
Elmlra A wllliamsport.- 40
68
Morris— Boat Loan rg.,'85
Preferred
86
Pennsvlv.- 63, CO., 1910-Har. P. Mt. Jov A LancT 70
107
141a '5
Schuvlk. Nav.— l3t,6s,rg.
Huntingd'n A Broad Top
90
89
30
2d, 6s, reg., 1907
Preferl ed
65a,l 65»8
Lehigh Valley
BAI..TIMOK.E.
Main
'83, 150
1888
Jan.,
112
90
21
D.iy ion Division
77
Feb.,
Juno,
D.
Cons 5,3,1895
IthacaAAth.— 1st, eld ,7s
Junction— 1st, 6s, 1882..
63
ids
84
190
110
Jan.,
Jan.,
Q.-F.
Q.-J.
24
June, '84 102
J.&
H
Little Schuylkill
Minehlll A Sch. Haven
July, 1900 107
Tot,
'B^ 144
'83
Jan.,
M.&N.
1,000
150,000 A.AO.
1,000 1,050,000 Ht.&N.
100
750,000 M.&N.
500,000 J. & J.
1,000
100
000,000 Q.-F.
1,000 2,000,000 J, & J.
1,000
I
1071a
perpetual
Harrtsb'g-lst, 68, 1883
AB.T— lst,78,g.,1890
Pueblo A Ark. Val.— 73
Rutland— 6s, Ist
Sonora— 7s
T. Clnn. A St L— 1st, 6i
Income
70
86
136
106
74
60
126
75
136
126
260
26
112
14U
103
216
110
'I'jan.,
121
5s,
OldColimy-78
[Qootations by H. L. Grant, Broker, 145 Broadway.]
Bl'cker St.A rult.F.-Stk!
100
900,000
Ist mort
1,000
694,000
Br'dway A 7th Ay.— St'k.
100 2,100,000
1st mort
1,000 1,500.000
Brooklyn City— Stock
10 2,000,000
Ist mort
1,000
30(K000
Br'dway (Bkln.)— Stock.l 100
200,000
Bklyn. Crosstown—Stock'
100
400,000
mort.
bonds
1st
300.000
1,000
Bushw'kAv. (Bkln)— Si 'k. 100
500,000
Cent. Pk.N.A E. Riv.-Stk
100 l.Ron.ooo
Consol. mort. bonds
1,000 l.'-'OO.OOO
Chi isf ph'r&lOth St— S tk
100
050.000
Bonds
1,000
250,000
Drylik.E.B.A Bat'y-Stk
100 1,200.000
Ist mort., consol
500*c 900,000
Eighth A v.— Stock
100 1,000,000
•-03,000
1st mort
1,000
—
126'
coup
7s, 1901
1900-04 115
A cp.,V. 124
El AWmsp't-l8t,68, 1910 115
Pac— 7s
.
Nov.,
6
cp.,
6s, r^.
6.<,
EastonAAmb'y-5s, 1920 106
Ogdensb.A L.Ch.— Con.63
Income
117
165
116
145
116
77
110
100
160
235
190
110
120
106
60
95
127
55
108
92
90
A
1121a
DelawareDel. A Bound Br -Ist, 78 124
East Peun.— lst,7s, 1888
...
K. City Lawr. A so,— 6s..
K. Cltyst. Jo. A C. B.— 78
little B. A Ft. 8.-78, Ist
Mass. Central— 6s ...
Mexican Central- 7s
N. Y. A N. England— 63..
70
110
115
150
93
160
80
10
66
160
103
170
114
75
105
98
155
230
188
105
116
103
Ex.
V.— 1st,
Connect'?
A
PC.
26 2,000, 000 Var's
20 1,200, 000 Var's
Brooklvn Gas-Llght
Chart'rs
116
113
104
gr., 7s.
A
140
Ask.
Providence- 7s
A Mo.— Ld.
112
119
102
78, con. c.
New 78, reg. A
5s
California Sou'hei-n- 63..
East'rn, Mass.— 6s, new..
Fort Scott
Gulf—73...
Hartford
Erie— 73
113
Bid.
2d,0s, 1904
Cons., 6 p. c
12114 Cam. A Burl. Co. -6s, '97.
Conn. A Passump-sic— 7sConuottou Valley— 6s
Street.]
Bate.
Ajnonnt.
Mort., 68, 1889
Chat. M., 10s, 1888
Nebraska, 68
Nebraska, 6s
Nebraaka, 4b
1121a
65
6
60
160
103
160
109
168
108
140
60
75
120
100
70
60
120
65
130
120
220
Burl.
145
120
280
65
117
135
88
145
80
85
70
135
210
80
75
125
Cam.
Catawlssa— 1st,
Boston
1
W.— Gen ,(j8
A Ambov— 6s, c.,'89
Cam. A All.- \sl,7s,g.,'93
Bnff.Pitts.it
118 »s 119
Os
165
180
175
160
116
125
97
116
130
60
100
108
140
85
146
70
SECURITIES.
SECURITIES.
Ga« and City Railroad Stocks and Bonds.
[Gas Quotallona by Prentiss
XXXV I.
[Vol.
St.]
PRICE.
Ask.
Bid.
100
100
25
Chatham
100
Chemical
25
Cltizehs'
100
City
100
Commerce
100
Continental
100
Corn Exchange*
25
East River
25
Eleventh Ward*..-.
100
Fifth
100
rifth Avenue*
100
First
100
Fourth
30
Fulton
60
Gallatin
German American*. 75
German Bxchaoge* 100
100
Qermanla*
25
Greenwich*
100
Hanover
100
Imp. & Traderg'
60
Irvine
60
Island City'
100
Leather 51 annf rs'
50
Manhattan*
100
Marine
100
Market
25
Mechanics'
26
Mechanics'* Trads
100
Mercantile
60
Merchants'
60
Merchant*' Excb...
100
Metropolis*
100
Metropolitan
100
Murray HiU100
Nassau*
100
New York
N. Y. Nat. Exch... 100
100
Ninth
70
North America*
30
North River*
State of
Lilst.
PRICE.
Markert thne (•) are
not National.
America*
Amer. Exchange
Innnrance Stock
[Piloes
-
Quotations in Boston, Plilladelphia and Baltimore.
Local Securities.
Stock Uiit.
COMPANIES.
Bowery
Broadway
..
Per share.
2d, pref
2d, guar. byW.Co.,J. AJ
J
68,3d, guar., J.
A
Mar.ACin.— 78, '91,F.AA 132 133
MAN 1041a 104%
2d
8a, 3d,
J.AJ
53 'f
Blchm. A Danv.— Gold, 6s
Union RR.— let, gua.JAJ
Canton endoraed.
Oils
—
A Tenu.— 68
A Weldon— Gold, 7a
Wilm. C. A Aug.- 68
Virginia
8s
1091a
{
95 >s
102
101
1231a 125
120
Wil.
tin default.
64 H
I
11014
Ex-rlghts.
—
..
..
.
Makch
THE CHRONICLE.
17, 18&3.1
RAILROAD EARNINGS,
railroad caminija and the totals from Jan. 1 to
The statciiient incliiiU-tt tlic f^cws
latest dato are Riven below.
oarniiiEa of all railroads from which roturns ain bo ohtainsd.
columns
under
the
heading
"January 1 to latent date" fur,
The
niHh the KroHH earningH from January 1 to, and iucludiogTlio
:
;
..
,
lati'Ht
309
New York CItjr Baaki^Tha toUowiu •ut«iBMtakowR th«
«oD(UUon of the AMoolftt«d Bank* of !f«w Tork Oitr tor
lb»
week ending at th« eommeneemant of bmlniw on Mareh tOi
the p«riod mentioned in the second column.
Jan. 1
Laltsl Sar>iittg§ KeporUd.
to Laletl
DaU,
Rondt.
Weekorito
1H8S.
1883.
81.708
78,921
W
Contrnl of Ob... January..
FebruHry
Ceutrul Iowa
Centriil I'aoltlc. Februiiry
Clii'Hiip.
A
CliioiiKO <[
Alton IttwkMar
Clilc. Jtiir.
A
Q.. Jail nary.
.
Clile.AKiuit. III. 1st wkMar
Chic.A(lr.Triiiik Wk. Mar. 3
Chic. Mil ASt. P. l.st wk Mar
Chic. A Nortliw. 1st wk Mar
wk Mar
Chin. A W.MIcli. lthwkF.ib
Cln.rnil.Sl.I,.AC Ist wk Mar
Olev.AkroiiACdIi Istwk
Mar
Col. Hock. V.AT. IstwkMur
Danlinry A Nor. January
A
Duty.
lilii
Or
2il
165,899
.50.023
83.'.786
440,6118
96.353
1.424,000 1,780,375
170.053
250,287
150.331
121.791
1,625.690 1.65S.834
37,392
31.532
36.749
57,713
402,000 335.727
419,700 372.200
87.5i)(i
91,500
29.959
27.251
44.895
60,538
10,004
8,295
50,015
63,432
13,41
17,277
121,700
116,700
6,100
wk Mar
Dcnv.A R.tir.W. Istwk MatDe» Mo. A Ft. D. IslwkMar
6,6i»;
"e'o*'8
wk Feb
wk M;ir
4th wk Feb
30,930
26,17s
58,035
E.Tcnu.Va.AOn. Istwk Mar
69,21.8
30,793
21,903
53,909
56.732
26,751
16,389
41.048
A No..
A SloHX C.
Dct. I.an.
4tli
Duh.
Ist
Easlorii
A B.8 February..
EvaiiHV. A T. II. Ist wk Mar
Flint A P. Mar<i. Ist wk Mar
Ellz. Ler.
A
Ucuver. Istwk Mar
February.
Grand Trunk.... Wk. .Mar. 3
Gr.BavW.A.St.P. Istwk .Mar
GuUColASan.Fc'Febiuaiy..
HaiiulbalASt.Jo]lsi wk Mar
Hous.E.AW.Tcx Fobruary..
Ft.W.
Gcorj<i,i
I
Illluol6Cen.(lll.)jFobiuiiry..
Do
(Town) February,
Do 8o. Div
Inil.Blooiii.A
W
Febrtiary..
Istwk Mar
K.C.Ft.8. AfJuIl 3d wk Feb.
L. Eric A Wcat'ii Istwk Mar
L.K. AFt.Snillh FoI)niary
LKk.M.Riv.AT. February.
wk Mar
LouIsr.AN.ishv Ist wk Mar
1st
Har.Uougli.AO January...
Menip.
A
February..
Mexlcau Cent.. 2d wk Feb.
Bo No.Dlv 4th wk Feb
Mexican
Chai-1.
Nat'l..
56.198
15,310
48.977
6,200
143,201
321.175
7.197
133,590
46,383
21,466
417,420
121.995
362,656
71,877
290,724
55,226
28.7.").')
27,22':
29,411
22,09«
33,973
19,975
34.770
35,392
32,000
39.749
260,700
19,203
103 000
39,307
.
liOnK Island
4,571
14,014
18,240
195,105
31.301
74,999
Istwk Mar
Ull.I..8h.A\Vest 2il wk
Missouri Tacitlc. Istwk
Ceulrnl Br'ch. Istwk
Int. A Ot. No.. Istwk
Mar
Mar
Mar
Mar
Ist wk Mar
Mo. Kan. A T..
et.Ulr.Mt.A8. Istwk Mar,
Tex. A Pici'lc. Istwk Mar
137,420
135,940
Whole System
679.516
1st
wk Mar
Mobile A Ohio.. February,
Mash.t'h.ASt.l.J .laiuiary. ..
K. Y.AN. Eiiul'd February..'
Norfolk A West.
Northern ("cut..
Northern Paeillc
OhioCcnfial
Ohio A Miss
Ohio Southern..
Istwk.Mar
103,7.il
172,2,10
197,39?
231,741
41..'-9.")
Januar.y...
Istwk Mar
Istwk Slari
499.252
114.500
16,59.'>
289,713
7.221
82,093
41.936
15.290
540,608
l.)6.f.0()
213,0-'0
{••--bruary.
wk Mar
wk Mar
Coluinl). A Or. let wk .Mar
Va. Midland. '1st wkMar
174,900
115,109
116,796
tlO.493
Kichiii.A D.-iuv. .Ist
Ch'l Col.A.\UK.j Ist
111,375
132,824
79.179
53u,379
159.599
170.753
WkMar
Januar.v
t
;
3,l:)1.311
718,100
219,943
81.49'>
496.533
17.27
1,083,10
55,500
73.316
441,237
13,417
1,114,999
70,017
48,28.)
198,171
2.:!i.630
159,f.30
515.4.50
209,332
429,238
516,199
705,792
103,529
118,809
404,581
55,461
12:>.912
372,479
277,697
215,898
2,787,383,
53,221
2,51,1,301
.'.9,301
295,605
193,029
40,.9,')58!
320,248
46,314
33,576
1.003.0231 1,129,929
31.5,0-i9
243,837
5ti3,433
780,770
522,950
426,905
242,090
233,!'8S
269,174
248,859
90,703
71,588
67,407
41,575
297,396
270,503
2,392,135 2,169,862
111,203
2.5.441
215,996
212,715
31,879
198,731
VIochitnIca*
162,851
1,145.272
147,733
249,570
710,093
511,220
906,213
1,175,89
1,323,979
1,150,321
l,0.')4.32O
681,701
>
399,91)1
4,34;. 470
31 9.263
197,399
490,007
170,753
431,103
1
499.25
879,62
169,323
407.368
.^99,.5,54
156,770
79,095
'63,6'o'9
7,aM,onO
i.oun.ooo
1,000.000
1.000,000
«oo,cao
aoo,ooo
1.000.000
1.000,000
S,HS7,OaO
..
Ward
Y<>rk.
.N.
010,300
319,740
663.905
252.727
639,250
227,266
51.412
270,830
149,906
49.028
587.367
134,959
8. Sub-Treasnry .—The followuiif table shows the receipts
payments at the Sub-Treaxury iii t'ois city, as well as the
balances in the same, for e,»rh aay of the past week;
Balanca.
i,s«;,oao
Rianiw
*,vt;.aiKi
s.soi.too
4.a»i.ooo
1 .iUn,uno
SMUOO
Mar. 10..
" 12..
" 13..
" 14..
" 15..
•'
16..
Trttal....
1.187,580
1.560,995
1,529,773
1,237,638
1,000 688
1,262,602
42
13
81
39
77
33
7.798,339 8-
5 901,705 95l
84
69
29
41
86
•JH.li^l\
1901101,
21.70-/
bwi.woo
8,'U..(Co
1.171,200
3.041.700
2-I.3K1
0:17.8011
M,i'7'l,0nii
l,MM.«no
B.UOO.OOO
1.000.000
1,000,000
16.700,,')()o
I
4ti.10()
*f941,aoO
!)5;,.'i,i
1,500.000
6,12I,0,X)
2:m,«.i/i
ISO.OOl'
£00,01X1
«.8«l,0oo
»27..i;ifi
Peuiile'i
North America..
700.000
i,a«c,,)(io
2.-5').:t00
lluiiover
IrvinK
1,000,000
i-,ia«,iao
600.00(1
MutropMlltan
3,000.000
8,101,700
I8.UI9 "(XI
2. 45 0)0
8.3>x,e
Bruiilintr
Uercantlld
Paolllo
Chulham
NlWHHU
Market
6,KI
6,l>4,t,aoO
X
Oriental
SAarlne
importors'
!,000,'iOC
l.noo.ono
300.000
<0O.t'OC
A
1.800.00C
Tr..
Park
2,000.000
Wall St. Nutlon'l
500.000
North Hirer
KIO.OOO
Itsat Rlrer
Fourth Nattonal.l D.SOO.O*Central Nat
Second Natlon'l
3,000,000
800.000
Ninth .National.
JRO.OOt'
first National..
BOO.OOC
Third .National.
1,000,000
Y. Nat. Kxch..
Boworjr Nattona)
N.York County..
OHi.Oo,,
I7J.7U0
'•'SS:4*!2
ixn
iiiK,
1.670,8IX)
i«a,"ot.
1,«'50J0
22,0oc
6O.700
l,200,7uo
17 047,S.5O
7,8 8.000
3J«a.00O
6.318.100
15,251,000
«l3.0x,
"85.9 >f,
3,0-^1.0),
bSl.Oic
1S2 3.10
200
S, '•33
Oerm'n Amerto'D
200.000
7S 1.000
Otaaae National..
3'i0,u00
,V4rt! I'M)
PIfth Arenue...
loo.ow
2,0;2,900,
Qerman Bzch.
200.00C.
1,705,MC
200.000
500,000
300,000
l,«31,U)i,
Total
««,7,K
0-17,1 J.
17-,H,-,o
3ao
1,415.4)0
1,WB»,100
1,790,500
2.4O3.700
..
3fi>,«ii
4,a»7.«on
aS'^.ooo
Germania
U.S.Nat
Lincoln Nat
41U,3.>;
20.'i84,aio
I7.2."W.300
303,000
.S.
Ov
S30.u,>:
2 in 1. 0,1
2 0«."00
«2ll'.8)o
6,«84,<00
2,12I,1gu
3,4J4,000
soo.uoo
Corn KTchanKc.
Continental
ltl5|f,
27;
1
2,917,«.T0
2,4'
m
l,21ii,
1
B00,00e
ISO0,000
SOO.CJl,
7B7AK.
6««H.»
5,2^4
'OO.WO
CltlKenn'
St. NIchola*
iiio0
Leatlior.
2I7.0.W)
23
8(KI
3M4K,
1.133,8
<.
4«;7.;0,
Sl.OOfl
11
8,101 S30
•<•)(,
4SO.0M
l,i:il,9<i
22 i,5U0
1,2»5,0»
46.000
60,962.700 J25,ia",'l00 51,6H),7Hi n,i)l7.00(' i08.4ll.400 l»JIM.9)0
,
Sdajr.H only.
deviaitoQg trom returns of previous week are as follows
Dec. t2.2U2,:ioo Net deposit*
Dec |*,8;s.60O
Dec 3.813.200 Circulation
Inc.
li98,90C
Lasaltendert
Dec
The following are the totals for three weeks
iMuu.
SpeeU.
L. lendtn.
IMmMia. otrcutatUm. Avu CImr.
;
Loans and dlaoounts
MMv
|
gpeota
i
I
t
3.....S2-.472.:iOO
Mctl.
10 ...32S.18j.0Oo
Boston Kuiiks.
Loaiu.
»
1883.
>
»
«
21.02.1.330
3TJ.«?'.200
$
IS.IUS.TOO
St9.3l>T,eU
.V)..S.S«.M00
1».!I1.3.910
:I04. J.'.I.OOO
t«5l».40O
Tsa.lS^ieD
5. .519.701)
17.91. .OO-i
2U9..11.I00
«
1883.
Feh. 24. ...32.3391,000 SS.501,300
ll).acy.2U0 liUJCUMIi
h.-i.<.iu bankn.
are the totali of
— Following
L.TeiuUtt.
Specie.
Feb. »1.. 190.151.200
117.75 ."00
Mob. 5
U5,l>;i,100
12..
j;
* Including the ileiu
.
4,-)0«.^J
4,991,300
due to
thn
VirculiUv-n. .4v«. fl«tr.
ZJrfiojifj.*
4311.900
29,986 >00
Su.l.t3300
3-),U<,20U
88.019.'<00
3.919.200
S.7;iJ!03
3.8tl,d0a
6 ,417,800
84,141,900
60.781 .fl«S
70.0'U.6e8
69.978.107
oLlier banks,"
The
Philadolphiii Itankg.
totals of th^
L. TentUn,
Loan*.
Feb.
ifl....
*
7^.4«.'\95
Mch.
5...
18
7«,'t!8,19l
75,69 1,181
1883.
Philadelphia banks
& Power
Am. Rallw'y Imp Co—
Kx lion. :s and stock.
Amer. Heat
.
Boat. H.&
61.3 9,U61
»,7J.-,2J«
171^
E.— New BtTt
N. If. .* rn.,uow 30
61
Preferred, new
H
33 >s
63
& Chi. Canal Dock 20
75
Pref
19
Chic i Atl.—Stk
si"
95
Contln'i'lCon9.-S5 p c 50
Den.A K.O.K'y—ecus. 85%
Denver .t'tio. Gr, West 21
6714
1st inort
6,660,707
6,512,724
6,495.940
6 559.915
6,439,371
6,479,435
30
3
8
4>«
67^8
T
20
170
M.U.St'kTnigt(;ert8.. 16
N. J. Southern
*i
2
N.J. A N. Y
N.Y.W.Sh.iBuff.—Stk
del.wli.l(ig.on old snb 33>4
7i\
As
Subs. O. & W., 85 p.c 75°8
73
NoiihPac. div. binnls. 8-^
No. Riv. Const.—9op.c 10
N.Y. &9orantou cons..
1 uo ,>.c,ex-b. & st'ok
Ohi>. C.-Klv. Dlv. l8t. 59»8
Incomes
14
Oreir.iii I nprovem't
m
Orck-on Sh. Line dellve4 when issued
100
Subs. 80 p. c
22>*
(<ens<-tc. A Atl
75
Istmort
* Western.
1 -5
RicU&D.Ext.sul>«.70« ,50'«
Koch.&ruts.con8..1»t 90
8
8t. Jo. A WfSl.
Kaus, ANeb,. I at... 00
2d... 15
do
do
Tex.ACoLImp.— 00p.o
12«»
exlMl
M
Te.v.ASl.lst.M
Tol Clu. A 8U
AA.Dlr
35
lucoines
9. Elcc. LtKht
VIolisb'g A Meridian
ism
U.
35
49
103
17'4
m
3
....
LouU
Istmort
5
S
48
Mlch.&O.—Sub».55ii.c 85
iBt niort
Bid. Aiktd.
N.Y.Cb.&St.L..6qulp.l0l
N Y.81I8. tSLWoat.—3tk S
14
Preferred
PI tt«.
5>4
150
Mexican I'eleifraph
Mcx. Or. luterocan'o
Unxtcan. Nat.
48
88
25
88
24
18
54
89
Edison Kleo. Light.... 300
(In. Pac. R'y.. 1st m.. 82>4
.
JM
1031s
18
74
89>«
101%
M>
14%
1st inort
C;il,
Intoruat. scrip
n
Istninrt
103
•«
Old
Gal. Iloust. & Hen
Gal. Har. &S. Ant...
Ind. l>ec. A Sprlngf. ..
Kecly .Motor
I,chiRh & Wllkeab. Co.
B1 a 19.0
— Following aro ciaotedat 33 New Street
Sul. AMked.
2
Bufl".
Ist inort
5!l.U4.
I7,'fli,-i27
85
20
do
47,981
6i,2,M.7ta
«W. 7rt.«IO
$
«.7<7,««>
9,rH,96-i
* Pac— 68. Ist... 92'«
Blocks 35 per cent.. 102 °8
Incomes
Olrciilatfon.
%
IH.57J.1>9
17,Mia,l2S
Atl.
Cent. Branch
Ati.a—'.
IMpoMt.
%
Uuii8ted Seciiritie9.
it.
Currency,
11
SHii.iin
l.oin.<>ixi
Preferred
$
$
914,404 89 125,316,970
918,116 12 126,007,119
1.149,259 66 126.414.874
1,430,1!)1 07 126,168.346
783,392 28 126,507.097
770,351 93 126,958,343
7»«,ooii
5,000.001,
.
682,673
3,929.357' 3.373.321
125,639
95.990;
1,608,775 1,51)3.073
951,219;
948,391
C
%
.t»MO
i8.<ftj,ino
800,000
8oo,0ir
aoo.ooo
«oo,ooo
Sno.OOO
soc.ooo
her .Man'f'rs
'«
4.>'AI.OaO
<i,»if.4ao
are as follows:
I
Coin.
S.TWI.tMO
ii.o«a.ooo
i.sioo.oao
.I.UOO.IMO
Toe
1,548,031
6,003.0-
7.iu,oao
t.<»OM0
A Tr
Aia«rloan Uxch
Coujtouroe
,417,001.
t.0SO,(XIO
Bulchors'ADror.
"
118.225
166,110
160,700
181,881
29,302
232,038
138,054
66,150
564,872
133,913
93«,847
80,998
123,107
Paymentt.
Natlon'I
Republic
Mi(}
Bceeiptt.
Uorch'nM* Rxch
.cntli
.:.iluuf
3,116.63
FreU'ht eatninRS.
i All lines lucluded.
TralUc Interrupted by floods.
Dale.
(Mienilnil
(iitllntin
,tt
14,119
123.028 1,010,602
1(',417
80,124
9,037
129,432
129,432
125.467
6'.', 433
80,002
80,002
69,433
945.953 869,431 4,209,357 4,391,265
109.il 89
99,181
99.181
109.989
90,321
93.947
44.709
43,012
307,736 291,256 2,636,277 2,655,989
53,413
61,820
53,418
61,920
37.099
35.159
tills year aj^aliist 2,9l7 iu 1982,
13dys Mar
.
290.721
42J.570
3.019.000
3.0a0,30
672,100
193.173
Phoanlz
Oltr
TriuleBinea'a
Ifulltm
.r.ttfltwictl..
147,'(94
72,768
19.998
131,297
wk.Mar
Bouth Carolina. January...
Tol. Cin. ASt. L. January...
.
1.1
183.4781
1,771
63,434
Vlcksb'rKA Mer Kebruarv..
Wab.8t.L.A Pac. Istwk Mai
January...
Weet Jersey
WlBConsIn Cent. ;td wk Feb
* Eariuugs on l.',9l^5 lulled
1,625. IHli
179,8.J6|
3,711
Union Pacific
Utah Central
1. _••.« -.iw
U2,860
22.657
15,012
Ist
Scioto Valley.... Ist
1,327,262
163,6
112,611
13,765
Minn.AM.
;i97.799
35,500
407,369
84,230
1?,190
260,139
31.905
17,500
Bt. P.
3,.'>60,I44
217,2ti2
M.ar
wk
127.305
62,190
528.477
332.786
180,384
4114,420
6.5.219
wk Mar
wkMar
Do
St.Loult> A Cairo, 4th wk Feb
Bt.UASan Fran. 1st wk Mar
Bt. Paul A DuL.i Istwk Mar
A
T.ll. Ist
Bt. L. Alt.
(brclis.) 1st
l.'i7,265
I5,33.j
tl 1,704
t2,:n'J
.
Ist
311.200
25.441
97,616
123,553
18.229
unton
America
3,142,000
113,7'
283,99"
8,159
6,16^
1st wk Mar
82,400
Oregon A (Jal... Januiu-r. ..
OrCKon K.AN.Co February.. !2dl.700 289,234
Januar.v.
3,929.357 3,373.321
Feimsylvania
13.240
14.838
Peo. Dec. A Eve. 4th wk fcb
Phlla. A Bead.. Manuary... l,608,77.i 1.503.075
Do C.A trou Tanuiiy. .. 951,219 949,391
319,720 252,727
Phlladelp.A Erie! January. ..
West No. Car.
78,821
>.0OO.OM
Co..,
jlMlwaloa'
*
60,731
62,150
7!i,9iS6
Olilii. l'\-,bruiirv
CU.St.r.Mln.AO. Ist
5H,'.0.>
311,200
Mrebanu
1883.
S
«
S
AI».Ot.Rontbeni Kebninry.
Juuuury.
Buff. Pittob.A
Biir.('(vl.K..tNo. 1st wk Mar
1883,
HtvTork
MsohUtao
let inert
2d inort
4
10
95
54
Income*
S."*
prcf
.
.
.•
Wisconsin Central....
'iW
2«
so"
60
1»
59
90%
11
05
100"
es"
9%
38%
11
140
5
96^
59
30
93%
Pref
••••• ii"
mort lit pref... <B
35
1st
76i«
2d mort
75 \
Isliuort
;"•
«»
it
..
.
.
THE CHllO>flCLR
310
XXiVl.
[Vol.
1879.
1880.
1881.
1882.
Fi-'ght (tne) mUeage. 335,470,860 381,288.482 336.035,424 417,792,652
Av. ratep. t'np.mile.
1-54 ct8.
1-52 cts.
1-42 ct«.
I'52ct8.
%nvitstmtnts
Earnings—
AND
of Railroads and other Companies. It is pxMished on the last
Saiurdav of every other month— viz., February, April, June,
August," October and December, and is furnished withuut extra
tharge to all regular subscribers of the Cheosicle. Single copies
are sold at $2 per copy.
^^
'
ANNUAL REPORTS,
$
$
1,368,526
5,116.962
763.695
1,691,429
5,883,123
847,575
1,775,721
5,875,649
935,027
2,037,712
5,918,152
949,448
Total gross earn'g*
7,249,183
Operating expenses$
8,322,127
8,586,397
8,905,312
958,646
757.788
Mail, express, &o..
The iHTBaroRS' Scpplembht contains a complete exhibit of the
Funded Debt of States and Cities and of the Stocks and Bonds
$
$
Passenger
Freight
STATE, CITY AND CORPORATION FINANCES.
.
Mamt'nceofway,&c.
706,106
519,877
Maint'Dce of equip.
Transportat'n ukp'bs
Miscellaneous
1,558,332
257,105
902,207
658,709
1,845,359
284,013
Total
Net earnings
P.c. olop. ex. to e'ngs
3,041,470
4,207,763
41-95
3,690,287
4,631,840
44-34
307,431
771,925
789,257
2,005,197
432,187
4,158,166
4,428,231
48-42
3,998,566
4,906,746
44-91
1881.
2.134,301
INCOME ACCOUNT.
Illinois Central Railroad.
{For the year ending December
Net earnings
3^
3^
these are expenditures for increased terminal
facilities in Chicago, two additional freight tracks for a distance
of 9^ miles, and the extension of the double tracks from
Kensington to Monee, 19/^ miles, 9138 miles of track have
been laid with steel rails 7969 miles of road ballasted 526,889
ties placed in the track
a considerable addition made to
station grounds 16'21 miles of new sidings laid 4,021 feet of
crib wall and 6,243 feet of piling were constructed for protection on lake shore, and a considerable addition ma«le to the
After these deductions,
company's passenger equipment.
there is a balance of income for the year of $155,451. The
of
the
Illinois
Central
proper,
as well as that from
entire line
Cairo to New Orleans, is now laid with steel rails, and the
increased net result shown is largely owing to this fact. The
estimated expenditures for betterments in 1883, in Illinois, will
probably not exceed $500,000.
"On the Ist January. 1883, this company took formal possession as lessee of the Chicago St. Louis & New Orleans Railroad
(which will be known in future as the " Southern Division"),
thus increasing its mileage to 1,908'65 miles.
"During the past 3'ear $4,422,700 of the stock of the Chicago
St. Louis
New Orleans Railroad Company has been exchanged
for this company's leased line stock certificates, bearing four
per cent interest. Of this sum $1,100,000 was issued against
stock formerly held by this company and sold, and the remaining $3,322,700 was exchanged by other holders, thus placing
with this company all but $7,300 of the $10,000,000 of stock of
the Chicago St. Louis & New Orleans Railroad Company, of
which $4,422,700 is pledged against the leased line certificates,
and $5,570,000 is the unencumbered property of this company." * * *
" There has been expended during 1882 $108,000 upon the construction of a branch road running to the important manufacturing town of South Chicago. This, as well as the extension
of the Middle Division to Bloomington, will be open for business in the early spring. Two important branch lines connecting
with the Southern Division are also under construction, one
from Jackson, the capital of Missii^sippi, to Yazoo City, 48 miles,
which will be laid with selected iron taken from the track la.st
year and retained for that purpose; the other is a continuation
of the Kosciusko Branch from tbat point to Aberdeen, 97 miles.
It is estimated that about $2,000,000 will be required during
1883, in addition to the money already spent and material
provided, for these branches." * * *
" During 1882, 23,455-13 acres of land were sold for $114,331 -26,
an average price of $4 87 per acre. $127,508 has been received
from the sales of lands and collections on contracts, and passed
to the credit of income. The company now has 206,589 acres
remaining unsold." * * »
" Since the close of the year the directors have sold $310,000
of the company's registered 5 per cent Middle Division bonds
of 1921, against outlays on this division during 1882.
Neither
the bonds nor the proceeds of the sale are represented in the
accompanying balance sheet.
" The directors have ordered the distribution to the shareholders on July 2, 1883, of stock of the Chicago St. Louis cSi
New Orleans Railroad Company, in the proportion of 17 shares
to each 100 shares of Illinois Central Railroad stock, as registered at the close of business on June 15, 1883."
The comparative statistics for four years compiled for the
Cheonicle are as follows:
HOAD AND EQUIPMENT.
—
—
—
—
&
879.
l,28tj
1880.
1,320
1«81.
1,320
203
175
213
189
2^^^
203
22.1
5,155
21
5,368
21
5,951
21
e,0Hl
3
Total road operated.
liOComotivca
Fa«8.,mail&exp. cars
FrelKht cars
l>erneks & otber cars
1882.
1,330
224
21
OPEKATIONB AND FISCAL RESULTS.
Operaitons—
Passengers carried..
Paeeenger mileage..
-Freight (tone)
moved
1879.
1,807,744
44,586.972
2,324,485
18S0.
2,753.544
63,306,528
2,703,582
1881.
4,008,047
82,068,222
2.875,833
4,631,840
112,000
165,551
4,428,231
161,105
286,224
1882.
9
4,906,746
181,825
145,732
4,423,545
4,909,391
4,875,560
5,234.303
615,830
669,484
395,011
1,740,000
$
708,702
672,600
444.1^5
1,740,000
735,696
663,000
465,352
2,030.000
761,227
531,000
484,750
2,030,000
8
1882.
4,3J0,211
8,5,.331,954
2,900,578
.
Interest
Miscellaneous
Total net income..
$
Disbursements—
Rent'ls pd.ou fa.lines
Interest on debt
Taxes
Dividends
Construction in Illinois during year. ..
Total disbursem'ts
Balance, surplus....
among
—
4,207,763
102,321
113,461
Receipts—
31, 1883.)
The report of the directors to the shareholders for 1882
Btates that the gross traffic was $8,905,312, as against $8,586,397
for the year 1881, an increase of $318,914. The passenger
The net earnings from
traffic shows an increase of |261,991.
traffic were $3,660,769, as a^inst $3,227,181 for the year 1881,
an increase of $433,587. The net receipts from all sources
were $3,988,326.
" From this f and, besides paying the intereston the debt, and
per cent on March 1,
the usual dividends on the shares, viz.
per cent on September 1, 1882, permanent im1882, and
provements have been made to the extent of $1,271,451.
Included
1830.
1879.
$
386,016
812,323
925,380
1,271,452
3,806,341
4,407,750
501,641
4,824,428
51,132
5,078,429
155,874
617,204
GENEnAL BALANCE AT CLOSE OF BACH FISCAL TEAR.
Assets—
1879.
Railroad, buildings,
1880.
34,040,853
1,600,000
200,000
33,936,782
1,600,000
200,000
Sjiringfleld Division.
Middle Division
Southern Division..
& E. Division
Stocks owned
>
Bonds owned
j
W.
6,745,943
Assets
Assets
Assets
Assets
in Chicago...
in
Yorli
in N. Orleans.
in Ins. fund..
New
Total
Liabilities—
Stock, common
Bonds
(81
1882.
$
9
862,764
2,668,000
6,631,522
479,269
119,503
882,154
24,606
45,143
43,819,254
46,666,444
34,080,728
], 600,000
500,000
31,190,295
1,600,000
1,355,355
28,000,000
141,000
2,668,000 •4,456,000
3,632,000 15,028,000
534,678
841,977
195,008
180,871
921,256
922,471
114,213
61,963
65,185
44,193.633
29,000,000
12,100,000
$
29,000,000 29,000,000
12,004,030
9,919,500
sfk
ChJc.St.L.&N.O.bil's
Dividends
Insurance fund
MJscell'8 liabilities..
Bal. surplus account
Bal. income account
Total liabilities.
24,636
117,229
504,530 J
2,072,839 5
29,000,000
;9,831,000
10,000,OQ(J
18.000,000
1,160,000
05,185
45,143
222,212
5,395,089
5,212,170
8,839,182
43,819,254 46,660,444
44,193,633
76,895 367
*
55,700 shares Chicaffo
t
Chic. St. L.
;
76,895,367
$
$
e Snp'ja'T).
Chic. Bt. I..&N.O.
3
429,109
Materials, fuel, &c.
1881.
$
$
equipment, &e
St.
Louis
& N.
O.
RR.
61,963
Co. at
& N. O. 5 per cent gol.l bonds of 1951.
Of this amount $31,000 bonds have been called in.
80 per cent,
Lonis & San Francisco Railway.
{For the year ending Deo. 31, 1882.)
The annual report for 1882, just issued, presents the following
condensed statement of the earnings and expenses for that
year in comparison with those of the preceding year:
MAIN LINE AND BRANCHES.
St.
Inc. or Dee.
Operating expenses
Expenses New York office.. -.
Taxes
$3,572,240
$1,420,723
34,013
81,125
1881.
$3,160,523
$1,335,182
3S,907
93,987
Ino.$ill,717
Inc. $35,539
Dec.
1,864
Dec.
12,862
Net earnings
Deduct impr.>vemeu ts
$2,036,349
89,890
$l,695,44t
152,886
Iac.$310,904
Dec. 62,096
$1,910,458
$1,542,558
Ine.$403,900
1882.
Gross' earnings
Net surplus earnings
Mr. E. F. Winslow, the President, says in his report "The
aggregate of earnings, both gross and net, for 1882 was the
A small proportion
largest in the history of the company.
only of the favorable results above shown for 1882 was attained
during the first six months of that year. Owing to the partial
failure of the crops of the preceding year the traflio on our
:
During that
lines in the period named was greatly curtailed.
period, also, the percentage of operating expenses was confor
the
year. In
siderably larger than the average of the same
the latter half of the year a very great change in this respect
was effected, reducing all expenses and taxes for the whole
year to 43 per cent of gross earnings." » * *
" To the surplus earnings for the past year, as stated ($1,946,458), there was added $36,609 for income andproHts from other
sources (not including dividends on the first preferred stock in
the company's treasury).
There was paid or appropriated
$1,080,841 for interest and sinking fusda for the year on the
bonded indebtedness, and also $294,752 for two semi-annual
dividends of three and one half (3)6) per cent each on the first
prefrrred stock outstanding. The payment of these sums,
together with others chargeable to income account, as shown
by statement of that account herewith, leaves $543,561. By
reason of the transfer of $40,000 of interest on Wichita bonds
accrued to January 1 1882, from rental account to general
income account, the balance of the income account for the year
The last semiis shown by the statement to be $503,561.
annual dividend, payable Feb. 1, 1883, is the fifth that has been
declared in consecutive order." * * *
" The changes in the bonded indebtedness since the state,
.
Makch
THE CHIIONICLR
17, 1863.]
31J
m
Attm or TUB LAKD DsrAaTiiaaT mc. ai, iMx
ment given in my laat Aonaal report have been
followm The
amoant of eqaipmi^nt bonds oaUtaoding I>«c. 81, 1HV3, was South Pnrifln Und*
^.„m Aruiti*
"'''''^'"'^"'.'.'.'.'.','.'..'/!^.'.
1603,000 agaiuMt $63n,000 at the same date in the pr<>cfldiDff AtUntIo * PiMjino land*
M47t
Tear, there having been issued $'42,000 additional of theae
On hand Ooc. 31, 1882
^,
Donds during the year, and f78,000 of outMtamling bunds E«tiniaied value of the aboT*,....
•M1,M1
daring the Hame time having been pnrcha-sed and csDueied by Town loUonh»nd Deo. 31.
1883...,
t aot
„..,
the truHtees with moneys in the sinking fund.
IC«tlinat«d volue of tamo at (30 p«r lot.
..•......*,*.'".* M&
OM
"In the tinanuiat statement it will be noticed that bills payCoiilracU nn hand Dn. 31, \6i2—
able are stated at $l,120,3iil. ThiH is for indebtedne^H incurred
for new constrnction and eqnipment under the general mortgage, and in anticipation of the fate of the bonds under (hat
mortgage. In addition to the :f2,500,000 of these bond.s shown
to be issued and outstanding, the company has given to the
syndicate which purchaced the same an option to call for and
take an additional i^l.SOO.OOO. The time of this option is as
yet uneipired. and meantime the company has agreed to aaspend any other sales of the same. The total amount which
the company may issue to this time is ^5,000.000. The indebtednera referred to under the head of bills payable is
Erincipally secured by the pledge of the general mortgage
onds, the Bales of which are thus held in abeyance. And, in
connection with this matter, it is important to note, and attention is particniarly called thereto, that, on the contra side of
the statement, there is shown a large amount of available
resources as an offset to such indebtedness. The aggregrate
value of these resources, lai^ge as it is in excess of the amount of
the indebtedness to be met, does not include the value of the
bonds pledged for the latter (and of others of the same
description which the company is now entitled to issue;,
nor of $360,000 of the company's equipment bonds unsold, nor
of any of the shares of the capital atocli of the company owned
by it as hereafter stated; besides which there are large amonnts,
the proceeds of laud sales, shortly to be received, as well as
other assets of considerable value, under agnements which have
been made, and which are soon to be consummated.
" In the last report the amount of the general mortgage bonds
outstanding Dec. 31, ISSl, was stated at $1,OCO,000, the same
bearing interest at the rate of five per cent per annum. It was
subsequently found to be necessary and expedient to raise the
rate of interest on the earlier issue ot bonds under this mortgage from five to six per cent, as is authorized by the terms
and provisions of the instrument, and as duly sanctioned and
directed by the stockholders. The directors accordingly took
due action in the premises, and the first .'$1,000,000 of the bonds
issued, at five per cent, has been called in and canceled, and,
in place thereof, an issue of a like amount of general mortgage,
six x)er cent bonds has been made.
There has also, during the
past year, i)een a further issue of $1,500,000 of such bonds, and
the total amount of the same outstanding Dec. 31, 1883, is
The entire proceeds of the sale of these bonds
^2,500,000.
have been used for the construction and equipment of new
extensions
lines and
as prescribed by the mortgige, reference
to which is hereinafter more fully made." • » *
"In my last report I stated the mea-sures which had been
taken and were then pending looking to the consolidations of
the companies owning the various branch lines operated by
this company, and the subsequent consolidation with or acquisition by tnis company of the same. These have all been duly
consummated, and at the last annual meeting of our stockholders
all further necessary action on the part of this company in
these particulars was duly taken.
The lines of road thus acanired are as follows
From Plymouth, Mo., to Fnrt Sraitb, Ark
"
"
Oswejro to Wichita, Kans
Galena to Olrard, Kana
:
,.
,
and the same, together with
a'.l
miles.
133
145
47
the rights, franchises and
now owned and
flniith Pnrltln Iniidn,
Atlantic
«
vulao
.'....^
•«*b«** *«'•*• •«*>/,
.'
I'MilHo UodJ*. vrIoa..
The comparative
statlstios for
threa yean,
:
Optra tiont—
PM««nfn<ni curried
PaosonKer mileage
Rate per pBH»fn)(e,r per mile
FrelBnt (toiiB) moved
Freight (tuiiK) mllemto
Average rate per tou per mile
MSntTII.
ighO.
184,744
11,4H6,882
3'97 oU.
638,886
....„.„.
109,178,009 133.867,774
l-OO ct«.
1-80 oU.
Bamingt—
f
Paaaooger
Freight
Mail, express,
mCAL
&o
Total gross enmlngs
424.102
3,180,833
03,936
ees,33i
3,S4J.U10
2,698.371
8,160.S33
3,572.240
489,r>82
447,578
437.890
Operating txpcniet—
Maintenance of way, Sio
Eqiitpmeut and motive power
TrnuHportatlon expenses
222,116
93,984
103,231
152,887
1,506,160
1,192,202
1,617,966
1,943.557
1,025.781
1,946,1S9
TllJCCH
4a,3'i2
Uencral and miscelianeoos
Extraordinary
l-.t.l,706
Total
Nctcamings
— Distance,
n<C0UJS ACCOUNT.
1880.
Ncteai-nlngs
Other receipts
Totnlni't income
Disbursfmenig —
1882.
8
1,642,557
50,648
1,94^459
1,217,800
1,593,20^
2,003,316
56357
and sinking fund
705,B50
821.402
1,071,«15
Int.
accrued, not due, to Deo. 31.
lilvldends
I0I,2.'>1
109,81)5
31.5,00 J
315.000
Miscellaneous
157,500
105,022
Interest ou debt
Total disbursements
Balance, surplus
4!i.02a
162,57 i
(13.913
1,0C9,7::0
1,403,932
1.499,754
148,074
18-1,273
903,5M
GENERAL HALAHOB AT CLOSE OP BACn FISCAL TEAR.
18S0.
1881.
1882.
A 83CtS "*
S
«
«
RaUraad, buildings, eqnlpm't, Ac. 38,015,382 38,280,340 42.061,062
Stocks owned, cost
•551.785
1,121,025
1,121.583
Bonds owned, cost..
402,314
tt6n..55«
483,551
Bills receivable
710,ti-5
710,685
1,032.512
MatcriuiR, fuel, ,Vo
108,756
138,407
154,656
Cash (tn hand
271,911
156,848
878,428
Sundry construction aocouuis
3,245,232
4,426,435
4.614.0.-1S
Accounts receivable
100,092
82.653
81.458
MispellancouB Items
8l,2ti9
83,31!«
188,451
Total
Liabilities
44,600,461 45,615,131
—
49,285.363
Stock, common
Stock, preferred
Stock, Ist preferred
10,500.000 10.500.000 10.500,000
10,000,000 10,000,000 10,000,000
4,50t%000
4,50t>,000
4. .500.000
Funded debt (see Sdppi.ement)
17,900,000 18.650.000 20,301,000
15S,891
Intcrc.«t accr'd to Dec. 31, not duo
141,251
149,865
22:i,3»4
Coupons due
225,145
297,445
Due for current operations
289,916
217,«47
247,863
Bills i)AyablBand loans
1,120..391
.
4.^1.977
114,735
152.213
286,092
910,534
76.133
1,371,096
44.690,461 45,615.134
40.285363
144,694
311,627
96.613
625,005
Balance of ineouie uccouut
assets,
;
1881.
1,192,203
29,508
latter poin*.
—
3(»2,383
8
lieceipti—
34 miles;
White River Brnneh. This is a road extending in a southerly direction from Springfield on the main line, which was
recently determirjed upon, and is projected at this time for a
distance of about 35 miles.
Twenty miles are now completed
and were opened for traffic shortly before the close of the
year.
Sixty-five miles additional of the Central division of the Atlantic & Pacific road from Vinita to Tulsa, on the Arkansas
River (99 miles in alD, in the Indian Territory, were recently
completed and are now in operation from the western terminus
of the St. & S. F. main line at Seneca, and it is proposed to
continue the furher extension of the Fame.
"The sales of the company's lands during the past year have
amounted to 225,36'! acres for the sum of $360,294, and 835
town lots were sold for $6,776 total sales, $367,071.
"In my last annual report mention was made of a negotiation then pending for the sale of a large body of land* to a
company of Scotch settlers. This was duly consummated, the
sale embracing about 165,000 acres of lands, and beinp the
second sale by this company to parties representing similar
interests.
The agent acting for these parties has just exercised their option to take about 170,000 acres more of our lands,
and the company has also just concluded negotiations for the
sale of about 150,060 acres additional to a party of American
capitalists. Both transacticns will be closed at an early date."
•
40l,5^«
47U,106
421,125
81,135
101,609
89,871
376,190
80?, 184
Stocks owned as follows St. Louis
pref., $231,«i00; 1st pref. *213.-J85.
Louis.
for tk«
IS08
OPBRATIORS A«D
eight and onehalf miles eastwardly from Pacific have been completed, and
further work has been and is now being doae.
Arkansas Division —The work on this line, from Brentwood
to Fort Smith, a distance of 4.5))2 miles, has been completed
during the year, and the whole line is now in operation to the
Pacific to St.
prpMrad
•
1880.
MUoa opomtod.
this
as follows
-
CHB0.1IOLB, are as follows:
controlled by L,and Department
Dividends
company."
ruct ion accounts
Ths work of new construction during the past year has been Const
All other dues »ud accounts
properties pertaining thereto, are
Kia 2*«
"
_:?
M>,tf7a
'..,-.
•
Total llablUUes
*
<
& Son Franclseo
Western.
Louis
Wichita
&
Bonds owned are St.
:
com., $106,900;
balance sheet does not inclade the land department
which are estimated by the company as follows:
The above
Contracts
Cash balance
1881.
1880.
82,036,312 $l,74!».4.^5
50.240
41,720
.^4^,9V5
637.702
177,40J
43,952
Leas land deb. bonds ontatonding
82.767,636 $2,517,909 $2,019,371
118.00O
Ij^jnds
Town
lots
Value of assets...
l'»82.
8391,962
9.\050
663.307
46i),063
$2,640,636 $2,517,509 $2,019,371
GENERAL INVESTMENT NEWS.
Boston & Hnine— Eastern.— At Boston, March 13, at a meeting of the directors of the Eastern Railway Company, an <^k«ment for a consolidation of that road with the liiistou k Maine
lUiln 'ad Company was adopted, and a special meeting of the
stockholders to ratify the same was called for Jlarch 28. The
Boston & Maine Railroad Company has already ratified this
agreement. The Traveler says : "The basi* of the consolidation is 7 per cent to the Boston & Maine liailroad. the iotcNat
on the Eastern Railroad bonds, payment of the fix>-d cbargM
on both roads, and 6 per cent out of the surploa to the KaatMm
Railroad."
Canada Sonlhern.—This company owns all the bonds ofMt
Bide lines except some seventy or eighty, which are in Ut%a-
:
THE CHRONICLE.
312
Its mortgage of $14,000,000, the friends of the company
say, in effect covers its side lines, since their bonds were taken
np by means of the C. S. bonds and the C. S. mortgage itself is
drawn so as to cover the C. S. interest in these side lines. The
C. S. bonds are, therefore, in this view a lien upon seme 400
miles of road,— or at the rate of aboat $35,000 a mile. The
interest (not principal) is guaranteed by the New York Central
tion.
Cleveland Lorain & Wheeling.— At Cleveland, Ohio, March
board of directors of this road, successor to the Cleveland Tuscarawas Valley & Wheeling road, organized by electing Selah Chamberlain", President; W. S. Streator, Vice-President; Oscar Townsend, General Manager; C. D. Cutter,
Secretary and Treasurer; W. H. Park, Auditor; and William
Thornby, Superintendent.
Kailroad Company for twenty years from Jan.
and under the recent traffic agreement with the
Michigan Central Railroad Company, that company virtually
But,
guarantees it for twenty-one years from Jan. 1, 1883.
aside from all guarantees, the Canada Southern road has in the
past two years earned more than the full interest charge on its
bonds. During January and February the car movement on
the Canada Southern was increased over 70 per cent in comparison with the same months of 1882, and the business could
be increased much more if equipment could be obtained rapidly
tnough. Thirteen new engines were placed on the C. S. in
January and ten in February, and yet the motive power is
Canada
reported not sufficient for the business offering.
Southern 5 per cent bonds are lower than many of the firstclass 5 per cent bonds not bearing any guarantees.
Central New Jersey. The figures given below are from
the report filed with the State Comptroller of New Jersey.
They are only for the lines in New Jersey and show very little.
Since this company went into the receiver's hands in February,
1877, there has been no full report of its operations. This
calls for some explanation, as the court and its officers are supposed to be the protectors of such property for the benefit of
the stock and bond holders and creditors. What holder of
stock or bonds has any information to-dav as to the real income account of the Central Railroad of Isfew Jersey in any of
the past five years ? Such secrecy in regard to a property under
of a court of equity seems unpardonable.
control
the
The following is a synopsis of the report on the lines of the
company operated in the State of New Jersey for the year
ending December 31, 1882, filed with the State Comptroller at
Trenton
—
:
1882
Ket earnings
1881.
$6,460,155
3,765,335
$6,594,883
4,364,235
$2,694,819
$2,230,648
& Savannah.— At
the annual meeting last week
the resolution authorizing the issue of the $150,000 of first
mortgage bonds, to take up the pressing judgments,was adopted.
It was also resolved to increase the authorized amount of bonds
to $1,000,000 for the purpose of buying new equipment and
improving the road. The President reported that list year's
earnings were about $50,000 more than those of the pre v ions year.
Chicneo Burlington & Quincy.— Earnings for the month of
January, 1883, were as follows, compared with corresponding
Charleston
time
last
year
Expemes,
$818,283
Orosg earnings.
1883
188;
$l,6-.i5,HH0
1,U58,8.J3
Kct
enrnintjfi.
$307,39';
769,91 I
8S8,'J18
& Eastern Illinois— Chicago Danrillc &
—The following was in the press dispatches from
Chicago
ceunes.
VinChi-
cago March 14: In the case of the trustees, Fosdick and Fish,
Chicago Danville & Vlncennes Railroad Company, Judge Blodgett, of the Federal Court, to-day made
a number of rulings. The Court denied the motion of the
stockholders of the old Danville & Vincennes Railroad that the
property be ordered back into the hands of a receiver, on the
ground that the Chicago & Eastern Illiuois Railroad Company
18 a responsible corporation. The Court also denied the motion
for reference to a master in chancery, pending the hearing of
a case in which the Chicago & Eastern Illinois RaiUoad Company is defendant; also the motion to strike the bill from the
files, on the ground that the Chicago & Eastern Illinois Company claimed to be bona fide purchasers, and might have a
against the
right to a decree,
Chicago MilwiiHkee
&
St.
Pnnl.—United
State=i
Commis-
sioner Ryan, special master in the old suit of Barnes et
al. vs.
the St. Paul road et »1., returned a report favorable to the
bondholders. The report amounts practically to a decision,
and contains the following points
All bonds embraced in the
claims of Mathew H. Robertson, William H. Sis-'on, A. S.
Bright, A. T. Gunnison, Andrew J. Riker, August V. Suelflohn,
M. M. Comstock, Marie Christie Emmons, Reid & Smith, and
J. H. Tesch, and genuine bonds of the La Crosse and the Milwaukee Company, secured by mortgages or deeds of trust to
Wm. Barnes, and that all said bonds were issued and negotiated
hona fide for value, by the La Crosse Company; that all of the
bonds referred to in the last finding of a former decree of
Court are embraced in $259,000 bonds, as to which the plea of
defendant, the St. Paul Company, has been overruled by this
court ; that none of said bonds have ever been converted into
stock of the Milwaukee, Minnesota Company to be surrendered
to be canceled, but that all of said bonds are now held and
owned in good faith by the respective persons claiming under
them ; that no valid, legal or equitable defense has been presented before the master as to any of said bonds, or claim based
thereon, that said claim upon bonds presented as justly due,
and in equity ought to be enforted against the property given
aa security in said mortgages ; that each of the claimants has a
claim against such security to the amount of the principal of
his books, forty-nine coupons and interest on coupons from the
dates of their maturity to this date.
The counsel of the St. Paul atmpany said the case would be
immediately Appealed to the U. 8. Supreme Court, and probably
reversed.
:
—
Connotton Valley. The new subscription for $760,000 having failed to realize quite $300,000, the directors have issued
the following circular letter: "The subscription to the securities offered under the circular of this company, dated Feb. 15,
1883, being insufficient to carry out the entire plan, the organization of the company to build the railroad to Lanesville
will be for the present postponed,
Your subscription will, as
contemplated by the circular, with your consent, be applied
to the completion of the subscriptions to the Boston Car Trust
Association and the Cleveland Terminal Trust Association, and
be ratably divided between them."
The Straitsville division of the road is now completed to a
point five miles from Coshocton, and trains are running to
1878,
Gross earnings
Operating expenses
XXXVI.
14, the
& Hudson River
1,
[Vol.
Buena Vista. The c impany will have sufficient funds to finish
and equip the road and extend the line at the Cleveland end.
The business of the road is increasing, particularly the coal
*
*
*
tonnage.
Boston Herald.
Erie— " Nickel-Plate." A fast freight line is to be put on
the New York Lake Erie & Western and the New York Chicago
& St. Louis (Nickel-Plate) railroads, and trains will begin running about April between New York and Chicago and intermediate and tributary points. It will be known as the "Traders'
Dispatch." The contract was signed for the Erie by George R.
Blanchard, the Vice-President, and for the New York Chicago
& St. Louis by William K Vanderbilt, the President. Four
thousand cars will be put into the service at the outset, an
officer of the Eiie said, and more will be added as needed.
The time and rates will be the same as by other lines. The
main points besides New York & Chicago fr^m which freight
will be taken will be Boston, Philadelphia and St. Louis. Among
the other roads that will participate in the arrangement will be
the Lehigh Valley, the Jiew york & New England, the Fitchburg, the Boston Hoosac Tunnel & Western, the Delaware &
Hudson Canal Company's roads and the Cincinnati Hamilton &
Dayton. * *—N. Y. Times.
hansns City Fort Scott & Gulf. Track-laying on the
Memphis extension of the Kansas City Fort Scott & Gulf Railrcad has been completed to the station of Koshkonong, 152
miles east of Springfield, Mo. From Koshkonong to Memphis
the distance is 152 mile.s, of which about 40 miles of the tra«k
has been laid, which leaves 112 miles of track yet to be put
down. The entire length of the road between Kansas City and
—
—
—
Memphis
will
be 482 miles.
Litmolllc Yrtllcy Extension Co.— At St. Jolmsbury, Vt.,
March 13, the annual meeting of stockholderi of this railroad
It was voted to issue bonds to the amount
c impany was held.
of igSSO.OCO, to complete the road, and accept of the PhelpsVanderbilt contract, which leases the road on completion in
perpetuity to the Ogdensburg & Lake Champlain railroad.
This road forms a connection between the Ogdensburg & Lake
Champlain and the St. Johnsbury & Lake Champlain railroads,
forming a through line from the West to the seaboard. Contracts have been made and work begun, and it is expected the
road will be completed by the first cf September next.
&
St. Joseph Bonds.—The State Audthe payment of interest on the Hannibal & St. Joseph Railroad State Bonds, that the Board of Fund
Commissioners still adhere to the resolution adopted on that
"The question
subject on the 14th day of January, 1883, viz.
is now in litigation before his honor, Judge McCreary, in the
United States District Court, and will again be heard at the
March term pro.vimo, and at present the Fund Commissioners
are not disposed to take any action in the matter until it is disposed of by the Court."
Missouri— Hannibal
itor says, in reference to
:
—
Missonri Pacillc. The annual meeting of stockholders was
held at the general offices of the company in St. Louis, March
13, and 245,171 shares of stock were represented. The following
directors were elected, being the same as those composing the
board during the previous year: Jay Gould; R. S. Hayes, St.
Louis; A. L. H'lpkins, Russell Sage, Fred. L. Ames, William F.
Buckley, Sidney Dillon, Thomas 1'. Eekert, George J. Forrest,
Samuel Sloan, H. G. Marquand, George J. Gould; S. H. H.
Clark, Omaha, Neb.
The following exhibits the salient points in the report of the
operations of the road submitted by Captain R. S. Hayes, First
Vice-President: The mileage operated Dec 31, 18'=2, comprised
990 miles, an increase during the year of 20o miles. The equipment at the close of the year was: Locomotives. 152; passenger
cars, 81; baggage, mail and express cars, 30; stock cars, 533; box
cars, 2,474; flat and coal cars, 1,475; cabooses, 93; road service
cars, 27; refrigerator cars, 100; total cars, 4,813, together with
three transfer and ferry boats. The capital stock of the company on Dec. 31, 1882, was $29,958,900. Amount of funded
debt Dec. 31, 1882, was $25,379,000.
The reports of gross and net earnings are compared with
1881, but the comparison does not amount to much, since the
receipts from " miscellaneous" sources in 1881 constituted so
large a part of the income.
'The gross earnings for the year were $8,094,618. showing an
increase of $1,372,141.
The operating expenses for the year (including improvements, betterments, taxes, &c.), were $4,476,210, showing an
—
MABcn
17,
iooreMe of
(includiufr
—
—
:
THE CHRONICLE.
1888.J
818
Ratio of opantlng: eipvoHtia to tMirningii
improvcraeDta, bvtt<trnientii, tales, &o.), •^5 The
tSlS.On'^.
cost of all lmprov«mHnt« and bi^ttnrmentii wat) charijod to
"operating fipensHH," there bHinjf no improToment or betterment account, and no eipenditnre wa8 uharfred to " constraetion," excepting the first coMt of the roads conntnicted, with
their equipment.
Total amount of improvementn »nd betterments included in "operating expenses," lM0!»,7i»». The net
earnings for the year after pajment of eipenses, taxes and
cost of improvements and betterments), were $3,618,408, Hhowing
an increase of ?B49,873. The main track contained at the oloae
of the year 718 miles of sieel, or 72 per cent.
A second track from St. Louis to Laclede (eight milesi waa
completed with steel rails, ballast and iron bridgeH. All conetruction in progress during the year was ftnished, with the exception of the extension of the Jefferson City Leavenworth &
Southwestern Railway from Cooper to Odage River, about six
miles of which will soon be completed.
i
«KT ABHiaoa.
fttrwary.
'
„.
R ohmond.
.
ft
Danville
..
Vlriftnlu Miillrind
Chiirll'iiC.I.AAnK...
C.>lumMa * (inwnv
....
We«t. Mo. C'Mollna
Total
»
ftM.
aM.nfl
'"'S.
$l«3..^93
23Jm
50..M4
<-
Tito ttmlha.-
IM3.
$301319
77.fOft
r.8.783
a»l,'5iO
»JI.0ft4
Oo..>7-»
S3.X01
13.740
0*0,077
77.«'i»
$366,203
$180,989
4fljM
17,763
$Se7,2M
$301 J>»
* 8f«t>>«rii.-Thertoekhold«.
«f^V-''!i?'^'Tt**""i'''
of
the St. Louis Iron HoanUin
& Sontham Railway at tb«dr
annual meeting In St. Loals re-elected the old dlr«ctor»,
thera
beinir repreMnted aao.aw shares of stock.
The followln* Gentlemen compceed the board
Jay Gould. New Yorkj R. 8.
Hay«., St. LoniS! Thos. T. Kckert, F. L. Amea, Sidney Dillon.
H. G. Marqnand, Henry Whelen, J. 8. Lowrey. J. T. Terrr
Samuel SheOier, Russell Sage. New Yorkj R. J. l!«ckland, H.
:
C. Kerens, St. Louis.
The report of Captain R. 8 Hayes, First Vice-President, eon.
Natchez Jackson & ('oliimbns.— This Railroad Company
has completed its road from Natchez to Jackson, Miss., 100 tamed a summary of the company's boMiness daring the year.
miles, and commenced running through trains early in Novem- The mileage of the road on December 31, 1882, consisted of iSl
ber, 1883. Forty miles of the road were built during last year. miles; increase during the year, 163 miles.
The miin track
Total cost of road and equipment, |1,095,4S9 to 1st January. contained at the close of the year 889 miles of steel, which waa
78 per cent ot the whole mileage. The locomotive and car
188S.
equipment at the close of the year was: Locomotives, 141; p«s.
The funded debt Is
S2O1.900 senger cars, 62; baggage, mail and express cars,
34; stoek cam.
FloatlDKdebt....
170,»G1
Bonda ot City ol Matvhec for wtUdi Ibo'euiopany la Ualile.'.'.".". 2'23|ooo 576; box cars, 2,447; flat and coal cam, 1,433; cabooses. M;
.
Total
$597,461
GROSS BABNINOS.
freight
$75,690
24,843
4,154
SS***?,""
MlaoeUaneooa
Total.
$104,188
Operating expenses
(15,86.5
Ket earnings
$38,323
Gross receipts for the months of November and December,
when the road was opened to Jackson
:
$26,201
8,718
Totnl
$31,978
N. Y. Mntiitil Gas Light <'o.— This company has canceled a
f 1,000,000 mortgage which had been put upon its works on the
Ea-st River, at Eleventh and Twelfth streets, its pipes, franchises, &c to secure an old issue of bonds, and recorded a new
mortgage for $1,500,000 to Cornelius Vanderbilt and George J.
Forrest, to secure a new issue of 6 per cent bonds of the par
value of f 1,000 eieh, issued in November last and payable in
,
1902.
New York & Sea neach.— This road
sale in New York, March 20, by George
Smith, trustees.
The statement of gross and net earnings is quite inconelusiva
without any details and without the full income account, but
as Mr. Hayes reported the fiKures they are as follows : Gro«
earning for 1882, $7,682,208; increase over 1881, $178,976 j
operating expenses for 1882 (inclading taxes, improvement!,
betterments, etc.), $3,910,883 ; decrease, as compared with 1881,
$1,020,980 ratio of operating expenses (including taxes, improvements, betterments, etc.>, to earnings was 51 percent; the
cost of all improvements and betterments was chaiged to " operating expenses," there beiag no improvement or betterment
account, and no expenditure was charged to •'construction.**
excepting the first cost of the roads constrnc'ed. with their
equipment. The total ammnt of improvements and betterments included in " operating expenses" was $277,321. The net
earnings for the year (after payment of expenses, taxes, improvements, betterments, etc.), were $3,671,325. Increase over
S. Bowdoin and J. W.
The road extends from Bay Ridge. N. Y., to
Ohio & Mississippi.— The following is the report for February of John M. Douglas, Receiver of the O. & M, Railroad
Company, llled in the United States Circuit Court
RECEIPTS.
Cash on hand Feb.
Received fioiu
CoiKliirt oi-s
DIRIIUKSEMENTS.
1.'83. $119,425
ageuts
29,-(.824
7,!I0J
Individuals, &o
An). ExpreBH Co
26,348
Vouchers paid subaequ'nt
to Nov. 17, 1876
$156,545
Reinlt'dtoN.Y.topayco'p
Pay-rolls
803
AnearHKeB
750 Cu8honbaiidMaronl,'33
Zlnn
Total
$454,145
1881, $1,199,957.
The
floods of the Miasissippi
Total
.
100.000
149,630
,^64
47,404
$454, 145
Railroad Constrnctlon (New.)— The latest information of
the completion of track on new railroad is as follows:
De« Moluos Osceola & Soulhern.— E.xt^'nded from Davis City, Iowa,
southwest to Dicatiir. 2.') miles. (iau::e 3 feet.
Kuusas Clt.v Fort Scott .t Uulf.— This company's Memphis lino Is extended froHi West flains, Mo., touthca*t to KoshkonhiK. II miles.
Norfolk A Western.— The New ixiver divislou is extended northwest to
Foosbontas, Va.. 7 miles.
Pltiaburi{ .McKeesportA YonfchloRbeny.—Track laid from West NewSt.
Louis
<t
8iiu
—
Western Union Telegraph The corrected statement for the
quarter ended December 31, 1882, shows that the net revenues
of that quarter were $2,053,145, instead of $3,150,000 as waa
estimated by the statement of December 13. For the current
quarter ending March 31 the statement now issued gives tho
income as follows compared with the same quarter in 1882:
QCABTEUB BHDIHO XABCH 31.
^Actual for 1882.-<
^MlFm'dfar 188S-.
Frouclsco.— Jixteuded from Faolflo. Mo., east to
This la a total of 68 miles, making 329 miles thus far reported for
1883. aiBralDSt 823 miles r HM.rted at the corresiionilnjf time In 1 882. 427
mlleslu 18^1. 733 miles In 1880 and 204 miles lal87y.—iJa«roud Uaztlte.
Richmond & HanvHIc System.—The increase in
net earnings
quite extra-
on the Ilichiaoud & Danville sy.stem of roads is
ordinary. Not only are the gross earning.s much larger than
in 1882, but with this improvement there is also a large decrease
in expenses, resulting in an increase of the reported net earnings of nearly 90 per cent in the two months. The following is
a comparative statement of the gross and net earnings in February, and for the two montha—January and February, in
1883 and 1882:
GROSS EARNIM08.
.
Filruary.
IS82.
$2'j6,021
113,822
94.15a
,
188.^.
Blohmond A DanvlUe
VlrRlnlii
Midland
Charl'fn
Col.
A
Aug....
Columbia A Greouv
West
No. Caroliua
Total
.. $.i2!>.'.?47
.
94,108
95,615
27,557
73.467
77.272
13.917
$6C0,351 $544,866
tributaries during the
—
ton. Fa., Nortlivrest lo Uoston, 18 milig.
Eureka. 7 miles.
and
1882 did considerable damage to the road. The
transfers and traffic at Cairo and Belmont were suspended for
nearly a month, while the southern part of the road in Arkansas suffered severely from high water; all the cost of the**
repaira, however, was included in "operating expenses."
The only construction in progress at the close of the year
was upon the White River Branch, Newport to Batesville (98
miles), of which 13 miles remain to complete, and the Doniphaii Branch, Neeleyville to Doniphan (20 miles), of wbich 10
miles remain to complete. Almost the entire expenditures had
been made upin them before the close of the year, and their
completion will only occupy a short period.
West Jersey. At Camden, N. J., March 6, the annual meeting of the West Jersey Railroad Company was held, and the
report was read showing that after paying all liabilities and two
dividends cf 3 per cent, one in stock and one in cash, there remained a surplus of $103,921. During the year a read was
built to Sea Isle City at a cost of $40,000. The extension to
Salem wa.s flnished and a double track was laid from \7inona to
Temperanceville at a cost of $93,000. The net income for the
year was $310,930.
spring of
will be sold at public
Coney Island, 6 miles, and the property includes tne dock and
4>6 acres of land at Bay Ridge, and the Palace Hotel at the
Coney Island terminus. The funded debt consists of $200,000
first mortgage bonds, $200,000 second mortgage bonds and
about $30,000 real estate mortgages. Railroad Gazette.
r.
1882, $33,929,901.
;
Freight
FassrnKcrs
Adm'rs
road service care, 23; refrigerator cars, 100; total car*; 4.889.
In addition to the above equipment two transfer and ferry boats
are in use at Cairo and Belmont. The capital stock and funded
debt at the close of the year were as follows: Capital stock
December 31, 1882, 123,840,085; funded debt December 31.
Monlkt.
1882.
$589.00,^^
$575,050
170,177
210,773
135.243
164.727
147,840
166.692
20.990
47,647
Tvco
.
1883.
$1,173,844
$1,035,900
Netrevennes
Deduct
$1,606,458
$108,700
Interest on bonds
Sinkmgfund
Metcamlnnper
20,000- 120.700
quarter
$1,479,759
Dlvldeuds.miu 1882 and l\ln 1883. 1,199,500
Surplus for quarters
Jan. 1
Add surplus
Surf lus March 31
$I,7J
,750.000
$106,500
2V,000- 126,500
$1,623,500
1,390,750
$280,258
$l-i3.7.'M>
1,035,273
3,3»3.88S
$1,315,531
$3,617,634
that " the business of the oilendar year
ended Deo. 81, 1882, being fully balance up, shows a groti
revenues for the year of $18.398,96.8. and net proBts $7,624,881
The rentals of all leased lines and cables are charged ta
current expenses, leaving onlv the intenwt and sinking fun d
bonded debt, amounting to less than $470,000, as fixed chaigM
on net profits. Deducting this, leaves the net profits for the yeor
1882 over $7,150,000 above fixed liabilities, being about nine per
cent on the capital stock outstanding."
The statement says
O
;;
THE CHRONK^XE.
314
3?he
(^ommtvcml
Feidat NiaHT, Marcli
Friday, P. M., March 16, 1883.
Crop, as indicated by our telegrams
from the Stmth to-night, is given below. For the week ending
this evening (March 16) the total receipts have reached 111,181
bales, against 124,826 bales last week, 135,321 bales the previous
week and 134,448 bales three weeks since; making the txDtal
receipts since the Ist of September, 1882, 5,137,721 bales, against
4,174,689 bales for the same period of 1881-82, showing am
increase since September 1, 1882. of 963,032 bales.
The Movbibbnt op tub
16, 1883.
The weather ha'i become more spring-like, and some progress
the
has been made in the resumption of inland navigation at
come
should
which
trade
impulse
to
the
But
Korth and West.
from these influences is not so much felt as it ought to be,
to the dearness of
money, which seriously impedes the
new
tariff
at—
Receipts
ex-
discount of mercantile paper. The
cluding packages from the computation of the dutiable cost of
will
all foreign merchandise, goes into operation at once, and
have the effect of stimulating certain classes of imports which
clause in the
XXXVI.
[Vol.
COTTON.
^xm^es.
COMMERCIAL EPITOME.
owing
;
.
Hon.
Galveaton
ludlanola, Ac.
New Orleans...
Mobile
Wed.
Tues.
Ihurs.
Pri.
lotal.
2,750
2,519
1,938
2,067
2,040
3,085
15,049
129
4,490
6,732
5,425 15,124
2,899
6,594
363
756
631
519
383
175
129
41,204
2,817
175
10,850
Sat.
l.'JS
Florida
1,842 2,666
1,899
1,175
1,142 2,126
can come in only under the higher rates of duty after July 1st. Savannah
Brunaw'k, Ac.
The provision market closed easy and speculation was slow.
1,108
1,447
9,219
2,434 1,320 1,149 1,711
The Western advices were quiet but no pressure to sell was Charleston
....
363
383
Pt. Eoyal, &c.
activity
noticed. The feature of the week here has been the
522
330
199
305
170
209
1,735
Wllmingtou....
sold
mess
pork
To-day
delivery.
May
lard
for
in
advance
and
200
200
Moreh'd C.,&c
3,606 3,363 1,269 1,425 1,467 12,687
1,557
on the spot at ?19 25@S19 50 April contracts quoted $19 15 Norfolk
3,589
3,589
West Polnt,&c
asked. Bacon was quoted at lOj^c. for long clear on the spot
701
981
513 1,147
533
92G
4,831
New York
long and short sold at the West at lO^e. Beef hams were quiet
654
206
775 1,226 1,038
515
4,474
Boston
at 521 50@$22 for Western prime. Beef was qujet at $25@$27 Baltimore
650
650
The
irregular.
weak
and
was
Lard
mess.
684
957
177
485
223
603
3,129
for city extra India
Phlladelp'a, &c.
export df mands were fair, but speculation lacked animation and Totals this -week 13.932 19,121 16,729 24,551 12,952 23.596 111,181
tone. Sales on the spot of prime Western at ll-70@ll-62)^c.;
For comoanson, we give the following table showing the week's
refined to the Continent, 1170c.; South America, II '900.;
;
options sold at ll-75@ll'69e., closing lower and weak ;
April, ll-55e.; 2,000 tcs. May, 11 60c.,
June, ll-63@ll-65e.; July, ll-66c.; August, ll-70c. Tallow was
firm at 8M@8/^c. Stearine in better t^ale at llMf^H 13-16c,
for choice. Butter is steady and cheese steady and fairly
May
March, ll-50@ll-55c.
total receipts, the total since Sept.l. 1882,
and the stocks
and the same items for the corresponding periods of
1881-82.
1882-83.
Beceiptt to
itarch 16.
Since Sep.
This
Week.
active.
1,
1882.
This
Week.
to-night,
last years.
Stock.
Since Sep.
1,1881.
1883
1882.
Kio coffee has been quiet and unchanged on the spot at 9>ic.
4,392
382,812 66,522
Galveston
706,442
48,887
15,019
options have sold fairly, but have not flucfor fair caigoes
84
13,278
Indlanola,&c.
129
15,651
tuated widely, though the closing prices to-night show a deNew Orleans... 41,264 1,428,925 9,003 1,095,459| 327,239 291,222
cline compared with a week ago. No. 7 standing at 7'20
4,073 238,861 37,540
26,959
Mobile
2,817
294,673
@7-30c. for March, 7-35@7-40c. for April, 7-50@7-55c. for May,
45
26,712
14,590
175
mild grades Florida
7-65@7-70c. for June, and 7'85(g7-90e for July
9,895 679,367 70,894
61,939
10,850 733,308
have been fairly active for Maracaibo at steady prices. Tea 8avannah
6,961
Brunsw'k, &o
5,508
has been weak for green and Japan and firm for blacks, espe6,021 460,560 55,316
9,219 525,089
41,292
cially Oolong, of which important sales have been made ; a Charles ton.
218
22,172
21,533
417
Pt. Royal, &c.
383
failure in the trade has inspired a certain distrust among deal1,566
129,170
120,160
15,433
4,643
1,735
ers for some days past. Kice has been fairly active and steady Wilmington.
74
25,493
17,096
200
M'hoad C, Ac
for domestic, though sales of Rangoon have been made at 4%c.
10,631
541,954
orfolk
61,947
12,687 635,393
46,683
Foreign dried fruits have sold moderately at lower prices
1,477
173,486
West Point,&c
3,589 202,588
green have been in good demand. Spices have been quiet.
1,107
138,016
117,070
4,831
210,493 334,443
Cuba molasses has been active at an advance to 32^c. for 50- New York
5,232 170.503
4,174 137,535
5,885
11,215
degrees test, with sales of cargoes here and at Delaware Break- Boston
14,077
650
37.322
25,914
35,437
water approximating 5,000 hogsheads ; grocery grades have Baltimore ....
55,470
3,129
64,838
3,326
8.445
been quiet and steady ; choice New Orleans has been scarce Phlladelp'a.Ac
17,729
only
and wanted. Raw sugar has been steady but
fairly active,
111.181 5,137,721 57,454 4,174.639 886,545 920,484
Total
and to-day, with a failure reported in the trade, the market,
though still steady, was quiet at 7'l-16@7/^c. for fair refining
In order that comparison may be made witli other years, we
centrifugal of 98-degrees test, has sold at 8c., and 96-degrees give below the totals at leading ports tor six seasons.
;
;
;
test closed at 7
13-16@and 7%c.
Eacetpts since March 1
Bales since
March
1
Btook March 14, 1883
Btook March 15, 1882
Hhdt.
23,196
22,358
19,365
11,613
Boxes.
5,459
5,132
Bags,
101,011
138,168
466,784
Metaito.
200
200
31.5,141
137
Refined has been quiet of late, and closed at 8%e. for standard soft white " A," 9@9>^c. for powdered, 8 13-16c. for granulated and 9^c. for crushed.
Kentucky tobacco has been quiet, owing mainly to the want
of suitable stocks, and sales for the week are only S.'ifl hhds., of
which 150 for export and 200 for home consumption. Prices
are firm at 5}im%e. for lugs and 7@10?6c. for leaf. Seed leaf
was quiet, but steady prices are the rule; sales for the week
1,000 cases, including 400 cases 1880 crop Pennsylvania at 6@
16e.; 150 cases 1881 crop New England at 16@35e.; 200 cases
1881 crop Wisconsin Havana seed at 14@18c. and 250 cases
1880-81 crops Ohio at 5)6@6J6o also 600 bales Havana at 88c.
@$1 15 and 600 bales Sumatra at $1 05@$1 40.
Naval stores have been irregular, while rosins have ruled
steady at $1 65@1 70 for common to good strained. Spirits
turpentine has declined to 49M®49J^c. Refined petroleum is
quiet, but in the main steady; 110 test quoted 8%c.; 70 test,
8^c.; crude certificates opened irregular at 993i@98^c., but
recovered and sold at 99Mc.; the closing figures were $1 01%
bid and $1 02 asked. Hups rule steady, and the best grades of
State 1882 are held at 87)^@90c, Lard and cotton seed oils
are quiet, but otherwise the market is steady. Ingot copper is
essentially steady; 300,000 lbs. Lake were sold at 17%@17Mc;
Baltimore, 15%c. Wool is less active; poor grades are weak.
Rates for ocean freight room have declined; the tone at the
close was irregular and the movement small.
Liverpool steam
grain taSen at 3Jimd.; flour, 158.; bacon, 17s. 6d.@20s.;
cheese, 20® 25?.; cotton. 9-64@5-32d
grain to London by
steam quoted 5^@6d.; do. taken to Glasgow at 4^d.; do. to
Hullat4?4d.; do. to Bristol at 4^d do. to Hamburg at 70
pfennigs.; do. to Marseilles at lie; do. to Havre quoted 12c.;
j
;
;
do. to Antwerp, 4^d.; do. to Amsterdam and Rotterdam, 9c.;
do. to Coik for orders, 5s. per qr. ; refined oil to Bremen or
Hamburg, 3h. ]i^d.; do. in cases to Japan, 34c.; do. from
Philadelphia to Venice, 20c.
Receipts
at—
1882
1883.
1881.
1880.
4,476
9,063
4,073
9,895
6,239
1,610
12,103
9,960
12,611
42.447
5,562
10.186
8,945
All others....
15,178
41,2 !J4
2,817
10,830
9,C02
1.935
16.276
13,259
Tot.thisw'k
lll.lSl
37,451
Qa1vesl'n,&c.
New Orleans.
Mobile
Savannah
Oharrst'n,&c
Wllm'gt'n,&c
Norfolk,
Ac
1879.
4,396
17,837
3,337
5,368
2,389
1878.
4,237
19,521
4,632
4,136
3,063
1,144
922
503
13,691
9,581
7,(il8
13,33'J
5,910
14,846
6,092
25,330
8,063
9,251
5,430
3,166
7,520
10,305
103,200
49,611
60,202
73,723
5137,721 4171,689 1918,422 13VH,2.>0i 4.158.522 3827,988
Galveston iacludes ludianola; Ciiarlestoii includes Port Royal, Ac,
WilmiuKton Includes Morohead City, ^c; Norfolk includes Citj'. Point.&o
Since Sent.
The
1.
week ending
which 55,098 were
exports for the
of 107,213 bales, of
thLs evening reach a total
Great Britain, 7,561 to
to
France and 41,554 to the rest of the Continent, while the stocks
made tip this evening are now 886,545 bales. Below are the
exports for the week and since Seotember 1. 1882.
as
Week Ending Mar.
Exported to—
Great
ContiBrU'n. Pranct nent.
from—
Qalveston
New Orleaas..
MoMle
1m
1,723
17,355
5,188
16.
From
Sept.
Total
Great
tr«ic.
Britain.
17.031
5,612
13,627
36,170
3,!00
2,83i
12.175
3,186
15,275
5.524
s.eie
3,788
7,414]
4,335
11,813
4.664
1. 1832, to Mar.
Exported to—
Frame
£63,423 "3i,"«00
624,630 217,227
81,742
5,423
Continent.
16, 18fc3.
Total.
128,505 426,617
328,612 1,170,478
30,165
yiorian
^Tannah
Charleston *..
WllmlngtOD..
Norfolkt
Sew York
•
680
Biiltlmore
Hhlla<Jelp'a,*c
6,3«8
4,664
3,471
1,500
ToUU..t...
55,098
7.5':i
Total 1881-82
55.147
8,19
Boston
...
..
1,321
1,792
4,51jO
ssd.ess
339,060
117.250
121.020
57,116
25,6.-8
24,-75
221,433
185,035
1,500
23,037
13997
IIK.MO
S,419
36.393
443
1,868
314,921
309.840
43,466
350.685
481,317
117,693
101.832
58,801
14.554 107,213 2,150,133 383,189 1,016,076 3,500.248
24.8101 81.796, 1,653777;SS5 8:4I
exports from Port Royal, &c.
IncJudea exports from West Point, &o
• Includes
97,230
140,000
46,t66
623.874;2.536 535
„
THK
Madoh 17,1888)
On
mmM mm
mm
A
Fratue.
New Orleans....
Mobile
Onaruaton
Bavannah
Salyeaton
Norfolk
New York
Otter ports
Total 1883
rotan882
OoattWitt.
21,501
1,200
3,750
22,300
10,145
1.300
1,150
1,133
1.100
1,300
1,400
66,(104
663
3,638
None.
260,373
28,340
45,166
42.694
40,506
49,905
207.043
51,594
13,720
3.600
None.
30.213
3,000
3,600
4,500
14,237
7.104
2.300
4,000
None.
046
Stock.
Total.
9.000
10,H50
UB.'IIM
500
None.
26,010
12,012
3,430
4,300
68,976 'l8!26e
63,939
9,341
160,322
726,023
15,088
32,331
01.311
0,123
6,322
127,413
191,014
793.060
664.566
None.
None.
None.
73,071
99,078
Total 1881
Olhtr
Foreign
The speculation
23.'i03
trir
i
been
cotton for future delivery has
in
I
I- iiMrijir
Leaving
Oreat
816
nil 11.
Sklpboara, «o« elcarui—for
Britain.
I
(JHRUlViCLK.
In additino to above exports, oar telefrnuiM to-aiKht aiao ttirt
us the folluwinfr amoanta of aotton on snipboard, not olearecL at
the portH nainHii. We add Hlmilar flffareH for New York, which
are prHpari'd for onr spttcial axe by Uemra. Carey, Yale &
Lambert , 60 Beaver Street.
Mar. 16, XT-
1
1
:
quite slow at this market during the past week, and in general
the fluctuations in values were unimportant. On Saturday
Monday and Tuesday, in the morning, prices were stronger,
There was scarcely any
and in the afternoon, weaker.
change from the close of Tuesday to the close of Thursday.
But to-day was dull and weak, the close being steady though
some further
at
began
The
decline.
flood? in the Missis-sippi Valley
and no serious overflow
The weather has become more
to recede early in the week,
this season is apprehended.
and the prospects are now fair that
he opening planting season will be a good one. Receipts at
the ports and at the interior towns have fallen off somewhat,
but still very largely exceed last year. Foreign advices have
not been of a character to support prices, though less depression has been reported at Manchester. Cotton on the spot has
been in rather better demand for home consumption, and
tocks continue light. Quotations were advanced l-16c, on
Thursday. To-day the tone was weak and the close nomina]
00
o
spring-like at the South,
at 10)^c. for middling uplands.
The total sales for forward delivery for the week are 313,500
bales. For immediate delivery the total sales foot np this week
4,713 bales, including 480 for export, 2,840 for consnmptioD,
in tran-sit. Of the above, 1,100 balns
1,393 for speeniation and
were to arrive.
The following are the official quotations for
each day of the past week.
—
itareh 10
March
to
16.
UPLANDS.
Sat. RIou Tnea
Ordln'/.^lb
BtrlctOrd..
Good Ord..
7^1
7"-i«
H\
H^
G'd Onl
Ix>w Midrt'e
93,8
9»16
9''l«
Btr.
7ifl
7l^,R
9'Mn
Btr.L'w Mid 10
MiddUiig... 103,8
Good Mid.. 10»9
Btr.G'dMid lO'R
Mldd'g Fab 1138
Fair
1218
H^
10
103,8
lOag
lOTg
I13a
Sat.
713,8
814
O'lH
93,8
911I
UU,fl 10
1014
10
103,, 101,8
lOTg
1058
lO'a
113g
ll»8
12ie
1238
l'J«8
7'8
79ifi
71'>,8
Good
8
8SI.
813,8
Ord..
G'd Ord
Mldd'g
Low
OM
9»I(.
Oitja
9«»
101,8
IOI4
10:ii6
101»,„
ll',«
123,8
Btr.L'wllia 10
MiddUnff... lO'-.g
Good Mid.. 10°8
Btr.G'dMld lO'g
Midd'g Fair 1138
1218
Fair
7910
8
8>3l8
914
9%
Low
Middling
U'lf,
9>,8
91,8
91TI,
94
10
10
lOTfl
IOI4
107,8
lO'i"
nifl
lllfl
lO"!
107,6
lo^i"
III9
U6«
12%
ITh
UOS
U>4
9J,g
912
H'-is
77«
H'l«
»a.«
i'3,8
1238
Wed Tb. Fn.
io4
lOia
1015,8
113,8
1111,8
127,8
lOliiie lO'e
ll3l« ll'fl
778
7'8
<•»„
S'ls
93 J
93^
»»«
»»in
101,8 101 8
105 J 105,8
lOii
io4
1015,8 1016,8
113,8 lll3,i'
1111,6 ll°8
127,8 1239
1127,8 ll-27,i"
M»1«
101,8
9>',8
101,
101,8
losil;
raonlTae*
7i«
716,8
8«s
^4"
She
97,8
713,8
H'4
91,8
Oifl
10
IOI4
101,8
Wed
719
-Th.
VrL
73,.
73,8
ii!" 8tli8 SII18
9'm
oV
9i«'
MARKET AND SALES.
and fature deliveries each day daring the
week are indicated
in the following statement.
For the convenience of the reader we also add a colomn which shows at a
glance
how
the market closed on
same days.
BALES or SPOT AMD TRANSIT.
SPOT TtKKKBT
CL08i:i>.
Sx-
1
Con-
Spec- Tran-
port.'^eump. uPfr.
tit.
Total.
rirroREs.
DeUv-
SaUe.
eriee.
•«:
»« = a
>
o-Oui
PC—
a»
:
ff
-*l
2
I
--I
I
e»^
?2?
»lO-i
too
00
2
^
M—
00
fc
to to
2
rs -.^
...
CtO
CO
00
It
til
oiw
I
4
1
»
o
I
Cto
M
^ OS
to
''
:
:
4
l»
« so
?l o9 o
I
toto
toto
tots
St."
1
i
*
to
o__.
I
ISM-—
*^M#
tOfO*t
titioi'
tot^^
"^
M » otm
:
.'?
»-
o
to
r-i—
t^
Cm
'I
if
toto
"^
»jo:
«•=:
bm:
MMojM M M M ^ ^ ^
i
i
I
.-*
..,
CO
9
M Cm
I
I
I
k'
» <.
ca
I
99 J
toto
«
«-:
I
f
Mm^mIii*
1
oooc coco
MmC^ mmCm M— O —
MmOm
coot
*
».i^
— M to MM >
CO 5 cc 1;
•I
M— a MM
u
«
la
tt:
MM^M
mS
MMcoM MMmM
ooSo CCoO
CCoC
9|:
^^zi.:.
MMCr^
mmOm c ea
o<oi
tffc
,
I
:
:
•010
M—
C050
I
"
r"
cooc
«.-:
M.-MI-
00
lOM
? 00 ^1
2 toto
<=o
Mto
ISO
'
I
CO
mU
OtCr
coo
oopc
.i.iO.\
M—
00 4
00 >
IJ
M.^ a
" to*. "
OM 00
«m:
to:
« ^M
00^0
0050 MMCOM
.:,hio,^ m-Om
M
toto
MM N.
00 ij 2i
MM 2
Mto
M
CO
10 to
d
2
*f
qdOoo
'
O?
5
2
MM
SoSo
OCOOOCD
olcibOcD
ff>QO
"».-i:
I
00*9 0009
I
2
•j»»
«:o:
t
OCrO
eoo9 cooo OO5O
wi:J«o
0»0i0^
lOK 10 M» CO
to
Uia
H»8
1238
-1
«5 i 00 ^ «2 ^ 00
o>o>
«* 2
2
CO ^ 00
-j-j
-1^
BH
91,8
94
10>4
107,8
lO'i
123e
fOdi
I
OSJO
OOcO OCc o OOpO 55g? mm',"
« = 2«
S 06O0
« o©
«»io000 00
713,8
10
2
ves:
I
oSo
I
'
Ji
IOI4
107,8
Fri.
718
7">I8
8»R
9T,8
sV
5
oi«
Zi
• w:
«.-:
I
u
00
Tae>
10
77fl
Sat.
»»
94
9>fl
Tta.
|11»8
123,8 Il238
.".
total sales
'"is
713„
U'le
Middling....:.
The
713,8
«14
1238
101,8 IOI4
IOI4
107,8
lOiiigilO's
1015,8 11 19
STAINED.
Good Ordinary
Btrlet Good Ordina.rv
814
107,8
lO'a
10
Sat. Inion.
713,8
9i«
c;.i-i
00
0,0,
*»:
CO
TEXAS.
713,8
814
10
10 »4
Wed Th. Fn. Wed
—
ORLEANS.
Mon Toes
im im
11»«
Ordln'j-.Slb
Strict Ord..
Btr.
710
716,8
NKW
I
CO 5
rf^
?
I
I
I
l«:
I
I
l»|
I
l«:
I:
I
I:
I
I
l«:
I:
I
I
I*
I:
I
I
1
1
I*:
l«:
'*;
li
m!
I
^
I
9
l«:
I
I
I
1!
I
I
'4
I
I
I:
I
t*:
I
I:
* Ini'liideo uiles in September, 18H2. for 8t>iitouiner, bOU.2i>\i: Scp.«u>ber-Octol)cr for Octolwr. 8 l.i.nOO Scpt^-mlipi^Soveinber for No%'e>uaer.
731,000; 8»-i>teni!i6r-Deccmt>er for Ufccnibor. 1.097,100: September*
Janiiniy for January, 2,070,200; September-February for February.
;
1,300,200.
Trauaferable Orders—Sitnrdar. 10'13e.: Monday. 10 15c.: Toeadarf
10-200.; Wednewlay. 10-200 Tliiiraday. 10 20c.: Pri'lay. I0-15o.
10 ll*IO'IIe^
Short Nolloee for March— Satur<lay. 10 r.;.'.: Munda
Tnesdny, 10-13c.; Wednesday, 10-l43il0-17c.: Thursday, 1* 14c; Friday, 10-14C.
:
.
Bat.. Q.Uet
Hon . Firm
Toes. Qiilot and flrm..
Wed. Firm
200
255
762
897
£69
674
487
....
1,074
....
4.713I313.5OO
3.600
255
!!nn
1,252
Fri..
206
50
30
600
330
253
Total
480 2,940ll,393
Thiu-s Stviulyat liaadv
47,000
3«,300
5D,500
500
500
800
800
700
3U0
....
397
963
770
'die daily anliveriee gwtm itiiuve »r« aoiuitiiy deuvnred
vlona to that on wliiou tbey are reported.
Ths
8AI.8S
67,900
47,000
35, SOO
Ciio
day pre
AND Pricks or Futubbs are shown by the
.
follow-
ing oompr«hens)ve table. In this statement will be iVnnd the
daily market, the prices of sales for each month each day, vid
the dosing bids, in addition to the daily
total valee.
ud
gp- Wo have Inctudivl In the aTx>v<> table, and ahnll oonMone eaw
VKfi to iflve, the aver.wo price of futures ea'-'h tajr for e-.teii pjitnUi. i»
win !>! found imdnr ciu'li diiv foll.iw1n;{ the abbrevlaaon " A»or." T*e
avcraso for oaoh lULHith for the wiok 1» aUj iflvaa at bottom of talMe.
The following exchangea hare baen made dnriog ths woak.
10 ptl. to oxch. 2i»0 Mar. for Apra
•04 pd. to oxch. 100 March 8. n.
-30 pd. to cToti. 2i» Mitr. lor Jue12th for rcgulnr.
\ih. 5<K) A^>'-ll ftrjnaa.
^t; ikI. to
•13 iHi. to cxcb. :u>0 Apr. for May.
l.tHKi JaoctBrAu*.
27 iHl. to rich. 3(H» April for June. -24 pd. to vxeh. 4r>0
^"v• f'W *«.
-67
|id.
to
cjrru.
July.
for
aoo
April
•40
t<i
exi;h.
pd.
-~*^
,,._...-isprf. lofxch. iOO Ai>rU forMay.
•52 pd. to cxcli. I'HI .Vpril f.ir Auk28 pd. to exib. 400 Api II for Jniie. •13 Bd. to pxob. 600 April for May.
•13 pd. (Q ezch. 200 AprU (W Mar13 pd. to eich. 300 Apr. for May.
•
.
THE CHRONICLE.
S16
^
—
At thb Intbrior Towns the movement that is the receip 6
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for th** corresponding
period of 1881-82 is set out in detail in the followinfr statementi
—
Quotations for Middlino Cotton at Othbr 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.
CLOSING QCOTATIOKS FOK
Galveston....
Now Orleans.
M»
!»» C)>
r-
W
IP-
M
10 CO
OS
CO 1^ to re
if>-
fcO
ppa^_r-w^
cc w b* Qob^ bo**
F- "" Of c; CD x o
K. c o
0^ CO
*f^
iFk.
Mobile
Savaunata
Charleston. .
WO'-coC'«6'C;<'-rf*.wa — lO^if^tscOKJOi
Oii*^CDO:»-'OJCOCO<II-»00>*-Il~'tOCO*^WO
M
Wilminptton'.
Ni.rfclk
|fr.l-il--^-
oriQDiFwocotOi^cocaotocot^a<cotcc^oa
Mpy> JCo:aiKi_"^c;'Xw<iH*ppt^c«tocc
Boston
Baltimoi'e .
PliiladelpMa.
ffi'bb'®UVcccaDV) o5M'ioc>;K''^ik.robt
((k>—
.
ixwi-'Coccrf^a'*i-cno--j»P'CowcDii^m
(tk-q^-'-Jtoc.
iOr--^oo-qc;<xtf-tocotow(0
Augusta
Memphis
oo^r*]^ "^
WlCtP'.-ICOCOl
toicc rccccor'-j
ro
c OD
CJ"
to 00
c
- 00 1-
o
W O
o H" too:*--Jto
C" Ci to W !&
O
oa"0:<)acoto
CO
•^lO»OlO»OC3»p-»
WM^pi*^tO*k,
—
^^T* "^ •^ j^
Pr* -'
H tC to O' M
St.
Louisville
o» CO
oi *» to
m co oi
'-"
COWOSO.eOCCQOWOlCOi-'CDOD'-lMCO
©ooos*»-c;'0:Of-<ioocooi*-3*»*-«owto
lUr-TT.
WCO
1-.
M
—
CO
OWlO*3»-iCCit.tOMO'i-'tOC;iO'OCOCnCOW«
pp en CO O.Cp;Jp GCjO** O 00 O to OC CO **
aco'<»bM*-^csH''ioco'--it;'C£(C».Go*aco'o^
^
*"
r- Oi 'X 00 Oi
c: tD f-* ci OJ lo
Mrf-Mit-O'— OiCOOiWi(kt—i—CDC*.r*^CO
•vi
CS-^aOlXOiX — iB-00H-O5CDH'Ki<X>-^C0-^
COUiUif>.
O
Oif>.W"-C0 J»CC
lU
cop
tOM
MpO
COiU
*Mtooo<ocncoco-'i'0*».
'
"cobsfcoi^^bw
CT)CC0DCHtOtOr-ajcDCOO>
l«'-»tO*JOiO.C;'
COtCt^lO lt*.OK3
Wetk
M
tDoawoctoi(-ooOrf»>. tu-vi^occ^w
O
00COl^r00aCa>C^Oi0i|ft.^MQDMt00JM
This year's ttgures estimated.
OO'-'tDK/CCO
*
I
!^
reb.
The above totals show that the old interior stocko have decreased during the week 7,415 bales, and are to-night 14,935
bales more than at the same period last year. The receipts at
the same towns have been 19,861 bales more than the same week
last year, and since September 1 the receipts at all the towns
are 608,872 bales more than for the same time in 1881-2.
The Visible Sopplt
oi 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 ailoat, are this week's returns,
and consequently all th« European figures are brought down
to Thursday evening.
But to make the totals the complete
figures for to-night tMarch 16), we add the item of exports from
the United States, including in it the exports of Friday only.
1883
1882.
1881.
1880
Stock at Liverpool
bales. 920,000
757,000
796,000 573,000
Stock at London
68,300
57,000
51,200
20.904
Tnlal Great Britain stock
at Ham DiiTK
at Bremen
988.300
Stock
Btook
Stock
Stock
Stock
3,'.'00
40.200
27,000
2.000
at Amsterdam
at Rotterdam
at Antwerp
Bwck at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Oenoa
Stock at Trieste
814.000
2,400
33,100
19,600
287
900
125,000
4,300
55,000
8,700
4,700
1,400
137,000
2,320
43,500
7,000
2,388
271,000
248,995
837,200
6.0O0
37,000
37,800
1.083
607.904
3,000
22.340
26,900
1.410
810
420
138.000
25,100
3,000
3,700
48.930
2.130
27.128
2,500
1,3&0
257,490
136,148
Total European stocks. .
1, 259.300 1,062,995 1,094.690
India cotton afloat for Europe. 249.000
303,000
177.000
Amer'n cotto* atloat for Eur'pe 587,000 366.000 650,000
Egypt,Brazll ,<fec. .aflt f or E'r'pe
42,000
46.000
21.000
Stock in United States ports .. 886,545
920.484
856.180
Stock In U. B. Interior towns.. 267,608
252.673
287.314
United States exports to-day
22,400
16,500
10,500
744.052
168,946
538,110
22.862
817,266
281.047
11,000
Total continental stocks...
5,00<t
. .
.
Total visible supply
3,313.853 2,967,652 3,096,981 2,583,283
Of the aBove,tli8 totals of American and other descriptions are as follows:
American—
Uverpool stock
638,000
187.000
587.000
886,545
267.808
22,400
Oontlnental stocks
Amerteanatloat for Europe....
United States stock
Onlted States Interior stocks..
United States exports to-day..
Xotal American
Eatl Itidian.BrazU, <te.—
Uverpool stock
liOnrton stock
Oontlnental stocks
India afloat for Europe
Sgypt, Brazil,
<Jic.,
afloat
Total East India, <Seo .
Total American......
Total visible supply
Price Mid. Upl., Liverpool
laf The
542,000
145,000
366,000
920,484
252.673
16,500
599,000
195,000
650,000
856,480
287,314
10,500
421,000
1 28,000
833,110
817,266
281,047
11,000
2,608,553 2,242,657 2,598,294 2,196,423
262.000
68.300
84,000
249,000
42,000
215.000
57.000
103,995
303,000
46,000
187,000
157,000
29 904
8'l48
16S'946
22'862
51200
62 490
177 000
21.000
705,300
724.995
498,690
386,860
..2,608,553 2,242,657 2,598,294 2,196,423
,..
3,313.853 2,967,652 3,096,984 2 583 ''83
5=8d.
6iiiad.
63iail.
'
7i>\'^d.
imports into Continental porta this week have been
34,000 bales.
The above
figures indicate
an increase in the cotton in sight
tfae same date of 1882,
to-night of 340,^1 bales aa compared with
9%
9%
9=8
9'a
958
9iit
SI'"
9=8
958
9=8
10
10
9=8
9l'l8
1038
lOls
lOij
9^8
9=8
9»li8
1038
lOie
95,
911,6
913
958
10
10 Hi
9%
9%
1038
1018
101a
938
938
9I3
9^
9^
958
9=8
958
95,
938
9>a
9H,
JFVt.
9^8
9Ul8
913
958
91a
938
10
1038
101a
lOHi
9111
913
10
Thurs.
9i<i
9«16
9%
9%
958
95(;®si»
10
95,
9?i
958
1038
1038
10i«
101a
938
91a
1018
10i«
939
9l2
9H
99,
9^
9%
Sl'k atlnterior Towns. Rec'ptt/rom PIant'n»
Reeeipta of the Portt.
•ndfno—
Qocntolobimoi
--1 c;"
9%
MIDDUNO COTTON ON—
Wednes.
RECBIPT8 FBOH PLANTATIONS.
Jin.
o i" OJ
Tues.
CO**
Dec
-^1
Jlfon.
Receipts from thb Plantations. The following table i»
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are sometimes misleading, as they are made up more largely one year
than another at the expense of the interior stocks. We reach
therefore, a safer conclusion through a comparative statement
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 out-ports.
<) CO *1 CK O* CC'i
(-rf^Ot^fcOfcO<iowaDOt^wi-wcoCAO'
to
...
Salur.
—
-•
COO;OtQO-300i|t>-000
CDOttOOOOTCDW
Ciiuocw>t'*---JU'c*;o'c:*-ioc;cDCiOo:Co
o:'-] <i -a"'-'
.. ..
Louis
Cincinnati
w Is
M H" o-'nU oj *i •^V'C •t'-'to b"eo
i^i
0<05r-C^«C:OODW.-»-*<ieDO'.t-'*.|t>.^tOOS
CiF-ooo:tvit*Oiu*i^ooctowtocoi;;>Qotoc;i
- J*
K.k-C0*kM|3
QD OiQD aclo CD tO
00 t— '1 CJ« OC Oi
CO CO CD I-*
QD
"^
[Vou XXX M.
«n increase of 216,869 bales as compared with the corresponding date of 1881 and an increase of 730,570 bales as compared with 1880.
Week ending
March 16.
OD
a
..
.
•SO-'Sl. '81-'S2. 'd2-'r3. 'SO-'Sl. '8I-'S2. '82-'c.3
'80-'81.|'(Jl.-'82. '82.'c3.
196,435 200.624 25!,P23 388.025 466.
110.735 153.429 224.997 3S;.634 4iS.
128.604 114.8rtS 175,382 309,650 435,
138.8:9 99.990 IM.StO 309.262 419,
12S.O70 92.031 1J6.400 306.321 400,
147,129 95.057 I< 1,318 317,866 390,
S0;A73
133,723
U6.S39
133,859
Ilch.
133.931
U0.126
108,200
83,779
72,031
60.190
51 .980
58.747
67.451
317,523
343.684
3J6.796
331.424
303.417
301.621
297.173
le6.88« 813,837
146,130 312,551
124.&2e 319 252
111.181 320.600
—
1.
101,490
171.983
138.: 9 i
138,109
119.182
160.090
122.1^9
131.448 317,688
135.321 322.453
The above statement shows
294,7f5
210.
85.374
That the
158,674
l'^9.d01
,288|l6',.929
145,252
,957 129.942
136
113,397
U9.076
138.80;
,634 122.314
136.900
648 121,030
,874 103.73S
109,468
total receipts
from the
plantations since September 1, 1882, were 5,418,409 bales; in
1881-83 were 4,413,657 bales; in 1880-81 were 5,200,084 bales.
2. That, although the receipts at the out-ports the past week
were 111,181 bales, the actusil movement from plantations was
only 103,733 bales, the balance being taken from the stocks at
the interior towns.
Last year the receipts from the plantations for the same week were 25,874 bales and for 1381 they
were 109,468 bales.
Amotht of Cotton in Sight March 16.— In the table below
we give the receipts from plp^ntations in another form, and
add to them the net overland movement to March 1, and
also the takings by Southern spinners to the same date, so aa to
.
give substantially the
amount
of cotton
1882-33.
now
in sight.
1881-82.
1880-81.
1879-80.
Receipts at the ports to Mch.l6 5.137,721 1,174,689 4,918,422 4,394,250
Interior stocks on
March 16
in
excess of September 1
280,689
238,968
281,662
285,795
Tot. receipts from plantat'ns 5,418.409 4,413.657 5,200,081 4,680,04.'5
Net overland to March 1
.526,556
353,355 415,047 445,723
Southern oonsumpt'n to Mch.l
200,00t
155,000
135,000 120,000
Total in sight March 16
6,144,965 4,922,012 5,750,131 5,245,768
It will be seen by the above that the increase in amount In slifht
to-night, as compared with last year, is 1,222,953 bales, as compared
with 1880-81 is 394,834 bales and with 1879-80, 899,197 bales.
Weathkb Reports by Telegraph.—Weather
conditions
have in general been quite favorable during the week throughout the South. The rainfall has in the main been small, and
farm work has made fair progress. In the earliest districts
planting has already begun. The Mississippi is now falling
rapidly and the people are relieved from the the fears of an
extensive flood.
Qalveston, Texas. It has rained hard on two days of the
week, the rainfall reaching one inch and twenty-four hundredths. The roads are bad, but improving. The thermometer has ranged from 53 to 70, averaging 62.
Indianola, Texas
have had hard rain on three days of
the week; nevertheless corn and cotton planting are making
good progress. The rainfall reached two inches and fiftyhundredths. Average thermometer 62, highest 73, lowest 41.
Dallas, Texas. It has rained on two days of the week, the
rainfall reaching fifty-three hundredths of an inch.
Work is
proceeding fairly. The thermometer has averaged 53, the
highest being 72 and the lowest 34.
have had rain on one day of the
Brenham, Texas.
week, the rainfall reaching one inch and five hundredths.
Corn planting is making good progress. The thermometer has
averaged 54, ranging from 36 to 78.
—
—We
—
—We
.
.
Maboii
THE CHRONICLE
17, 1888.]
—We
have had showers on two days of the
Palestine, Ttxa«.
woek, the rainfall renching one inch. Plowing is progreasioK.
T1k> tiu'rnionieltT lins rangod from 45 to 75, ATeraxing 00.
IftinUtville, Texas.— It haa been showery on two days of the
week, the rainfall reaching one inch. Fami work Ih proceeding slowly. Average thermometer 58, highest 70, ana lowest
40.
—
817
liiDU OoTKW HoTBNurr no» au. Pom.— W* Ufa
dofloir
th« past y«ar bnen end«ii»orlnK Ut n^mngn oor ladla
•arvie*
«o a* to makM oar mportii mnr« dxtalled and at th« laa*
tlm
more aoearatn. HitbHrto we havit fonod It ImpoMrtM* to kMB
oat of oar HgarM, as cablvd to os fur the porta othar »^^
Horabay. cargowi which pf»>T«d only to b« ahipinaiilji frjin
liidia port to another.
Th« plan wb havs now adopted, as w«
havB reason to b«li«Te, will rHllnvn ns from ths daoffer of thll
(oaooaracy and k»ep thn totals norreet.
We Unit glre tk«
Bombay statemHot for the week and rear, brinffiaff tha flnfM
oM
WeaOierford, Texas. We have had showers on two days of
the week, the rainfiill reaching fifty hundredths of an inch.
Crop preparationa are boginiiing. The ttiermotuuter has avuragud 58, the highest being 73 and the lowest 34.
down to March 16.
Belion, Texas. It has been showery on two days of the
noMnAr BBoiim akd snipitmm roa rooa tiam.
week, the rainfall reaching one inch. Farmers are busy plowSMpmenlt
tku wtak.
ni»t«.
ing and planting corn. The thermometer has averaged 59,
ranging from 37 to 81.
rev ar*at OrniUOrtat
OOHtiTMt
n>iai. BriUtin
tMat.
BrU'n.
neiU
IMHl.
W»*k.
Lnling, J'exas. It hag rained hard on one day of the
/OM.!.
week, but no serious damage has been done. The rainfall 1883 28.f>00 33,000 59,000 120.000 V27.000 356.000
72,000
twenty-five
one
inch
and
hundredths.
reached
Corn has gener- 1882 30,000 11,000 41.000 26.4.000 141000 891.000 59.000
ally been planted, and cotton planting is making good 1881 11.000 21,000 32.000 71.000 143.000 314.000 38.000 3S0.0M
B,UOO O.OOOl 72.000 11^.000 184.000 U.OOO
progress. The thermometer has ranged from 41 to 73, averag- 1880
fag 57.
Aooordin/ir to the foregohig, Bombay appears to show an
New Orleans, Louisiana. It has rained on one day of the inarea.ie compared with last vear in the week's reeeipti of 18,000
week, the rainfall reaching one hundredth of an inch. The bales, and an increase In soipments of 18,000 balM. and th4
thermometer has averaged 61.
thipment/) since Jannary 1 xhuw a decrease nf 38,000 bal<M
Shreveport, Louisiana. We have had generally fair The movement at Calcatta. Madras and other India ports for tha
weather during the week, with light rain yesterday, followed last reported week and since the Ist of Jaaaarv, for two rear*,
by North winds and clear weather to-day. The rainfall has been as follows. " Other porta" oorer deylon, Tatiooria
reached sixtv-seven hundredths of an inch. The thermome- Karrachee and Coconada.
has ranged from 3C to 70.
\ii:ksburg, Mi.s.iissippi. It has rained on one day of the
SkipmtnU far Ut* vofk.
thiprntnH line* January 1.
week, and the remainder of the week has been pleasant. The
Oreat
OonliOrtat
Oonliweather is turning colder.
Total.
Total.
Britain.
netU.
Britain.
Columbus, Mississippi. We have had no rain during the
week. The days have been warm but the nights have been Calcutta—
—
—
—
—
—
—
cold.
Little Rock, Arkansas. The weather has been cloudy on
three days of the week with rain on one day and the remainder of the week has been clear and pleasant. The rainfall
reached twenty-one hundredths of an inch. Average thermometer 47, highest 63 and lowest 81.
Memphis, Tennessee. It has rained lightly on one day of
the week. The roads are in good condition and the crop is
being marketed freely. The river is now ten inches below the
danger line, is falling fast, and will soon be inside of its banks.
Preparations are being made for the next crop. The thermometer has averaged 49*5, ranging from 33 to 6i.
have had no rain during the
Nashville, Tennessee.
week. Average thermometer 47, highest 66 and lowest 26.
—
—
—We
—
Mobile, Alabama. It has been showery on one day of the
week, the rainfall reaching four hundredths of an inch. The
thermometer has averaged 55, the highest being 74 and the
lowest
41.
Montgomery, Alabama,
—We had rain on four days during
the early part of the week, but the latter portion has been
clear and pleasant. The rainfall reached thirty-seven hundredths of an inch. The weather has been too cold at night.
have had frost three nights and ice one. Seven million
crop is getting to be the popular estimate. The thermometer
has ranged from 36 to 73, averaging 52.
Selma, Alabama. It has raine(i on two days of the week
and the remainder of the week has been pleasant. The rainThe thermometer
fall reached fifteen hundredths of an inch.
has averaged 49, ranging from 83 to 67.
Madison, Florida. Telegram not received.
Maeon, Georgia. It has rained ou one day of the week,
and we have had some ice. The thermometer has ranged
from 30 to 70, averaging 49.
Columbus, Georgia. We have had rain on one day of the
week, the rainfall reaching thirty-five hundredths of an inch.
Average thermometer 56, highest 69 and lowest 30.
Savannah, Georgia. It has rained on two days, and the
remainder of the week has been pleasant. The rainfall reached
eighty-nine hundi-edths of an inch. The thermometer has averaged 55, the highest being 69 and the lowest 48.
Augusta, Georgia. We had light rain on three days
during the early part of the week, but the latter portion has
been clear and pleasant. The rainfall reached fifty-nine hundredths of an inch. The crop is being marketed freely. The
thermometer has averaged 51, ranging from 33 to 74.
Atlanta, Georgia. It has rained on one day of the week,
the rainfall reaching forty hundredths of an inch. The thermometer has ranged from 29 to 68, averaging 48 -5.
Charleston, South Carolina. We liave had rain on two
days during the week, the rainfall reaching seventy-eight
hundredths of an inch. Average thermometer 51, highest 70
and lowest 36.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
We
—
—
—
—
—
1883
1882
4,000
11,800
1,000
2,300
600
200
200
—
March
15, 1883,
and March
43,000
63,700
9.000
33,400
54.000
89,100
700
200
4,500
4,300
I,0OO
3.000
5.500
e,34M
i'soo
4,000
11,600
2,000
4,300
6,000
15,000
5,700
15.600
53,500
81,600
12,000
29.700
esfioo
111.300
5,000
1883
1882
AU others1883
1882
i',30d
Total all-
1883
1882
4,500
13,300
1,200
2,300
The above totals for the week show that the movement from
the ports other than Bombay is 9,900 bales less than same
week last year. For the whole of India, therefore, the total shipments since January 1, 1883, and for the oorrespondinif period*
of the two previoos years, are as follows:
EXPOBTS TO BCBOPC raOM AU. DTDIA.
1882.
1883.
Bkipmenti
Europe
to ait
Thit
from—
Bombay
AU other p'rta.
Total
TMt
teeek.
week.
Since
Jan. 1.
weeAs.
Jan.
59.000
5.700
356.000
63.500
41,000
15.G00
394.000
111,300
32.000
6,200
214.000
125.200
64.7001
421.500
56.600
505.300
33.200
839.200
I.
statement affords a very interesting comparison of tha
total movement for the three years at all India ports.
This
last
—
Alkxasdbia Rbceipts Airo Shipmbsts. Through arrangements
we have made with Messrs. Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movementa
of cotton at Alexandria, Egypt.
and shipments for the past week
of the previous two years.
l.texandna, Egypt,
March
The following are the receipta
and for the coi responding week
This week
Bliice
•
Liverpool.
To Contluent
•
Total Europe.
A oantar Is 93 lbs.
Since
TkU
Sine*
Sept. 1.
yottk.
Sept. 1.
Nasbvilie
Bhreveport
Vlokeburg
New Orleans
mark
Above low-water mark.
AI>ore low-water
iTUSh.
2
2
11
8
33
10
24
43
10
1
Fat.
3S
38
33
48
m»ee
4.000 210,000 4,500 221.000
3,000 71,000 11,000 165.838
5,000 189,000
4.160 9S.0S1
7.000 281.000 15.500i376.838
9.100 282.624
This statement shows that the receipts for the week ending
14,000 cantars and the shipments to all Boropa
were 7,000 bales.
Mai»che3Tkr Maekkt.—Oor report received from Manehester
to-night states that there is a better bnsiness. We give the prieas
of to-day below, and leave previous weeks' prieas foroompariaoa
1882.
1883.
Feet.
ThU
Thit
%eeek.
March 15 were
16, 1882.
Below high-water mark
Above low-water mark.
Above low-water mark.
36.000
3.616,000
28,000
2,711.000
14.000
3.130,000
Sept. 1
Exports 0>ale«)—
32« Oop.
IfcA. 13, '83, JfcA. 16, '82.
Memiiliid
1880-81.
1881-32.
1882-83.
15.
Beoeipta (oantar»*>—
OotPn
New Orleans
1881.
TkU
Since
Jan. 1.
Since
—
—
L4,100
Madrag-
TwUL
8*4 Ibi.
ShirUngi.
MH.
Uplle
8>« Of.
Skirtinft.
32* Oop.
IwitL
Ottrm
JTM.
Inek.
8
d.
4
1
Jan 12 808
" 19 8»8
1
Fob. 2
" 26
reported below high-water mark of 1371 antil
Sept. 9, 1S74, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-lOtha of a foot above
1871. or 16 feet above low-water mark at that point.
S\
" 9 8\
" 16 8\
" 23 8=8
Mcll.2 8>«
•'
"
9
16
8%
8^
t.
d.
8.
97
« 9<«
« 9H O 97
« 9%;6 19 7
97
• U>8 6
• 9V6 O •7
• 9>ii|r>ll «7
a 938 3 10 «7
• 9*4^6 10 97
9 0>4^510 »7
»7
« OHi
d
d.
6
4>fl
6%
6
5>li«
61
l"*
«
iH
3
5»»
3
3
3
d.
d.
03R910
9«i9l0
9^9 »''»
Ot 9 9^s
9^9 9'»|f
9T,.910
6
&<>8
•.
d.
6 98
7>t»8
OH»10
94 910
9><910
6
6
A.
9's910»i«'6
7% as
6 98
« 98 O
6
6
6%
6H
• <a
9710<*
9710>t
6 97 10>a r4*
97
10<t
7>«»80
6>f
«lTf
Hi
..
.
IHE CHRONICLE.
t^3l8
—
EuEOPEAif Cotton Consumption to JIakch 1. Tlie cable
brings us to-daj Mr. Ellison's cotton figures brought down to
March 1. We have also received the revised totals for last year,
The takings by spinners, in
and give them for comparison.
actual bales and pounds, have been as follows.
From
Oct. 1 to
March
Continent.
Great Britain.
1.
Total.
by spinners., .bales
Average weight of
3,050,360
440-6
642,370,800 1,313,976,480
1,466,600
1,5S3,760
443
bales. ...
43S
701,603,680
For 1881-3.
Takings by spinners., .bales
Average weiglit of bales
1,431,040
1,135,240
2,566,280
440
439
197,235,120 1,129,754,800
442
632,319,680
According to the above, the average weight of the deliveries
in Great Britain is 443 pounds per bale to March 1, against
442 pounds per bale during the same time last season.
The
Continental deliveries average 438 pounds, against 438 pounds
laat year, and for the whole of Europe the deliveries average
440-6 pounds per bale, against 440 pounds during the same
period last season. la the following table we give the stock
held by the mills, their takings and their consumption, each
month since October 1, all redaoed to bales of 400 pounds each
for this season and last season. It is a very convenient and
«sef nl summary.
Oct. 1 to
March
1882-3.
1.
Jtala of 400 lbs. each.
000s omitted.
Spinners' stocli Oct 1.
laklnge in October.
.
Total supply
Great
Britain
1881-2.
Oontir
nent.
Total.
233,
139,
149,
221,
382,
336,
240,
133,
265,
469,
288.
244.
603,
528,
361,
280,
373,
232,
734,
512,
31,
75,
82,
Great
Britain.
25,
Oo7iti-
Total.
in Oct..
Bt^ners' stock Nov. 1
XUkings in November.
387,
44,
320,
707,
81,
438,
141,
363,
222,
800,
Total supply
Oonsomption ia Nov
418,
355,
S64,
305,
782,
060,
519,
330,
503,
290,
1,022,
.
Spinners' stock Doc. 1
63,
59,
TkkiBgs in December.
301,
397,
122,
693,
169,
263,
213,
253,
382,
516,
Total supply
eonsuiuption in Dec.
364,
284,
45U,
244,
820,
528,
432,
280,
460,
232,
898,
512,
Spinners' stock Jan.
Takings in January..
80,
389,
212,
312,
292,
731,
152,
261,
234,
253,
386,
514,
Total supply
fX>Daamptiou in Jan..
469,
288,
354,
248,
1,023,
536,
413,
280,
487,
232,
900,
512,
Spinners' stock Feb. 1
181,
444,
306,
398,
487,
842,
133,
283,
255,
242,
388,
525,
Consumption In Feb.
625,
360,
704,
310,
1,329,
670,
416,
280,
497,
232,
913,
512,
Sidoners' stock Mar. 1
265,
394,
659,
136,
265,
401,
Ij
Takings In February.
Total supply
A
more striking comparison with
640,
year ia reached by
bringing together the above totals and adding the average
weekly consumption up to the present time for the two seasonsOct. 1 to
March
tola of 400
000«
to
1831-2.
lbs.
Spinners' stock Oct. 1
XUdngs
last
1882-3.
1.
each.
omitted.
Marcb
1
.
Bnpply
Consumption
[pinners' stock Mcb. 1
Wtekly Consumption
008 omitted.
October
In November
In December
m
In January
In February
XXXVL
maintain the rates recently eatablished, aul at theTclose the
quotations are 9e. fori
lb
9^c. for IMIO., lOMe. for 2 lb. and
Butts are in moderate request, but
lie. for standard grades.
the demand does not show any improvement over our last
report. There have been sales of about 2,000 bales both grades
at full rates; prices are rather easy, and holders are quoting 2c.
for paper grades and 2X@2%o. for bagging quality.
^
,
—
Comparative Port Receipts and Daily Crop Movement.
comparison of the port movement by weeks is not accurate
as the weeks ia different years do not end on the same day of
the month. We have cjnaeqaently added to our other standing
tables a daily and monthly statement, that the reader may
conKtantly have before him the data for seeing the exact relative
movement for the years named. The movement each month
since September 1, 1882, has been as follows:
Oreal
Britaln
82,
1,754,
Continent.
Total.
Oreal
Britain
Year Beginning September
Monthly
Receipts.
Bept'mb'r
October.
1882
1881.
326,656
930,584
429,777
458,478
833,195 968,318
974,013 1,006,.'.01
996,307 1,020,802
487,727 571,701
291,992 572,723
Novemb'r l,094,6;t7
Deoemb'r 1,112,536
January
752,837
.
February.
595,598
1880.
1.
1879.
1878.
333,643
888,492
943,372
956,464
647,140
447,918
288,84b
689,264
779,237
893,664
618,737
566,834
1877.
98,491
578,533
822,493
900,119
689,610
472,054
Totalyear 4,863,898 4,033,541 4,598,528 4,213,929 3,336,564 3,561,300
Pero'tage of tot. port
85-15
78-28
84-28
86-27
TBCBlptsFeb. 2381-95
.
This statement shows that up to Feb. 28 the receipts at the
ports this year were 839,357 bales more than in 1881-82 and
264,370 bales more than at the same time in 1880-81. By adding
to the above totals to Feb. 28 the daily receipts since that time
we shall be able to reach an exact comparison of the movement
for the different years.
nenl.
315,
284,
OmBumption
[Vol.
A
For 18S2-3.
37aikmgs
.
ContiTotal.
nent.
139,
221,
265,
3,360,
25,
1,531,
240,
1,608,
1,243,
3,824,
1,836,
1,571,
1.745,
1,351,
3,581,
2,922,
1,606,
1,470,
1,483,
1,218,
3,069,
2,688,
265,
394,
659,
136,
265,
401,
1882-83
1881-83.
1880-81.
1879-80.
I
1878-79.
1877-78.
Tot,Fb ,28 4,962,898 4,033,541 4,598,528 4,215,929 3,836,364
Mch.l..
14,538
6,519
20,473
16,279
10,317
' 2..
7,625
24,228
12,46:
12,171
8.
" 3..
10,803
19,886
16,505
12,432
19,628
" 4..
8.
6,913
22,115
10,056
19,633
" 5..
26,858
8.
21,00t
13,404
7,947
" 6..
22,876
13,485
8.
9,829
9,860
" 7 .
16,430
8,582
23,948
B.
13,631
" 8..
13.081
11,050
24,435
16,115
12,430
" 9..
23,695
0,673
18,576
6,731
8.
" 10..
13,932
12,038
19,011
6,711
18,764
"11..
S.
5,909
28,150
10,914
14,887
" 12..
19,421
a.
17,256
13,745
8,298
"13..
16,739
10,207
8.
7,707
10,344
" 14..
24,551
10,900
8.
25,282
13,767
" 15..
12,952
10,289
19,161
13,435
7,331
" 16..
23,596
7,077
13,192
7,411
8.
,561,300
17,754
9,863
S.
32,985
17,175
9,746
8,873
12,300
8,728
a.
19,179
11,487
14,234
13,992
14,641
11,210
5,137,731 4,161,617 4,883,116 4,373,192 4,005,851 3,763,473
Peroentag* of tota'
88-16
83-16
87-43
port reo'pta Mob. 16
86-60
90 07
Total
This Statement shows that the receipts since Sept. 1 up to
to-night are now 976,104 bales more than they were to the same
day of the month in 1882 and 252,605 bales more than they were
to the same day of the month in 1881.
add to the table
the percentages of total port receipts which had been received to
March 16 in each of the years named.
We
The Exports
of Cotton from
New York
this-week show an
increase, as compared with last week, the total reaching 11,813
Below we give oar usual
bales, against 10,499 bales last week.
table ghowiag the exports of cotton from New York and their
direction, for each of the last four weeks ; also the total exports
and direction siaca September 1, 18S2, aad ia the last column
the total for the same period of the previous year
Ejcpobtsof corroH
(B.iLES)
fkom New York since
Sept.
1.
Exported to—
Feb.
22.
9,348
Liverpool
March, March March
1.
15
a,
8,985
1882.
Same
Week ending—
Total
since
period
previ'ua
Sept. 1
year.
7,078
6,323 333,634 249,165
3,426
6,707
7,078
6,328 339,060 255,872
Other Britisli ports
I
Total to Osbat Bbitain 9,348 8,983
71,0
71,0
71,0
72,0
72,0
61,0
61,0
61,0
62,0
62,0
132,0
132,0
132,0
134,0
134,0
70,0
70,0
70,0
70,0
70,0
58,0
58,0
58,0
58,0
53,0
128,0
128,0
123,0
128,0
123,0
Havre
1,111
Other French ports
Total Fbench
Bremen and Hanover
Hamburg
The foregoing shows that the weekly consumption
ia Eu- Other ports
is now 134,000 bales of 400 pounds
each, against 132 000
Total to North. Eubopk
bales of the same weight in December.
The mills, both in
Spain, Op'rto, Qibralt'r,&o
Great Britain and on the Continent, have been
purchasing
rope
freely during the month, and the total spianers'
stocks are
SS8,000 bales in excess of last year.
very
285
Spain,
&o
.
19,380
1,111
285
650
23,037
19.360
1,050
1,206
400 "671
1.730
3,328
80
1,159
39,343
24,869
17,138
29,827
14,084
4,829
736
3,136
4,567 111,333
48,740
1,200
1,136
1,721
75
Another
now Total
650 22,937
100
200
268
2,785
5,110
837
200
268
7,895
1,037
3-20'
73
320
Qband Total ....
12,139 13,137 10.499 11,813 481,347 333,029
Jote Butts, Baooinq, &c.-The market has not
been very
jj^ve, the only business doing being of a
The FoLLOwi.xa are the Gross RsGEipra op Cotton at New
jobbing character
York, Boston, Philadelphia aad Baltimore for the past week,
There is no change to report In price, holders
continuing to abd since September 1. 1832:
.
MABcn
Ktceipti
17, 18c
3
THE CHRONICLE.
J
ir*» York.
Botton.
ThU Since
Sine4
week. iSepi. 1. vie»k. Sept. 1.
I
I
5,473 173,3111 2,200
a.471 U0.47:tl 1,45(1
1,705 180,25al 1,885
1.403
"lin' n.226
4.408 148,480
2,9UO 40,O.S!I
38'Jl
P\UaiUlpMa.
tfUt
loeek.
Stnet
\
MoaroLK-For
BaUtmor:
nu
I
Sine*
Sepl.l.\ >et4k.\atpi.
I.
10,1115
13U 12,080
182 75.814
1,405
"808
5,013 134,878
ig,UdO,385,531
"aii
780 I7,78i
317 1A.08J
6',223
2,739 43,2id
1,723
91,^)13
200
2,18* 54,098
5.301
ItMt r ear. 14,043 933, 4891 5.003|33 1,499
• 1,015,587.
t il»,2bO
Livt-rpioi,
U7.'S
Manitoba, 618
8ualD. 1,672
Paitliia,
2,145
WlaooiiBlu, 760
URI.BAN8— To Llverimol. per steamers Antwerpla, 3,137
.Leonora. 5.570. ...per
lu bark Clytio, 3,660..
To Havre, per steamer iSryhurifli Abbey, 4,340
To Koueo, per steamer Boadioea, 200.
To Bremen, per steamer Eiiropa, 4,514 .per ship
—
80
70
910
179
268
200
Excelsior,
To Genoa, per brig Mirra, 100 Upland
Post Roval— To Bremen, per ship Port Royal, 2,990
HalKat.
Sardinian, 1.833
To Bremen, per steamer Weser, 2,763
Boston— To Liverpool, per steainore Batavla.
3,
3,27^
2,419. ...Istrian,
1, 603....
4,343
2,765
1,043. ..Bavarian,
Kansas, 2.39S
To Annapolis. N. 8., per steamer Hunter, 100
PHlLADBLPHiA— To Liverpool, per steamers Lord Cllve, 1,350
Pennsylvania, 400
7,460
100
1,750
bales damaged cotton, which were JettUoaed from
steamer .Veto (Br.), from Oalveiton for Liverpool, while aaher*
near Tortutfoa.
Cotton freights the past week have bann as
Satur.
129,313
particnlars of these shipments, arranged in oar nsnal
form, are as follows:
AtnsUr- Seval,
Bremen dam, Oron-
and
Roller- stadt
Hum- dam A
Liver-
Havre,
FortBoyai.
Saranuab.. 2.741
Texas
r..57l
Norfolk... 16.364
4.313
7,480
1,750
and
Do
sall...d. "s«-'5s4
c.
^18*
Bavre, steam
(ollow't:
Do
c
sail
Bremen, steam,
Do
.e.
sail
"»»
"sa-
....
....
e.
V
Oamborg, steam.<f
Do
sail.-.d.
Do
Baltic,
Do
steam
saU
«••
*•>.
"»•
....
....
..-•
.>••
T>J»V
Tm»'4-
7„»V
....
...>
S3>sl
53>al
....
....
....
....
....
....
...d.
V
V
Barcelona.stcam.c. l'l8»'8-
"leaV
'»!«»'«•
V
%•
'I*
• •••
"»«•
1»i9<*'
....
H'
«*.
"»•
•
ka^sa*
e.
Oenoa, steam
>•-
"S9-
.--.
d.
JH.
»»•'« »»97tt HjWHt
'499S3saU...(f.
Tkun.
Wtdnti.
"64-'»M "•!-"« "e*-".* "m->»« "•«->»u
%•
H*
*i*
H'
n«'
52
i
52
m
V
....
V
....
....
....
•f
ii„»V
V
'»i»»V '>i««V
*•
V
»1-
Compressed.
t Per 100 lbs.
LiTBRPooL. B/ cable froai Liverpool, we have the following
statement of the week's sales, stocks, Ac, at that port.
add previous weeks for comparison.
—
W*
Feb. 33
263
1.159
8,585
13,441,
1,223
1,030
2,990
2,600
1,350
3,270
2,281
1,437
3,765
Vera
Criu.
rotal.
11,813
43,379
3,500
13,203
2.990
6.011
1,290 10.832
18.364
7,303
7,560
1,750
Total... 6-I.729 4.990 21.002 4,129 19,531 2,811 1,290 129.512
In the above totals are, from New Orleans to Rouen, 200
bales, to Sebastopol, 6,210 bales; from Charleston to Qonoa, 100 bales;
from Boston to Annapolis, N. 8., 100 bales.
Indndnd
afloat
SO'i.OOO
Actual export
Forwarded
Total stock -Estimated
Of whieli American- Estim'd
Total Import of the week
Of whioh Amerloau
Amount
brii;
Bodewate-, 4,012.
Liverpool— March 10—Steamer Chancellor, 3,631
March 12— Steamer Yucatan, 3,720.
For Havre-March 13— Bark Mod, 3,233. ...March ll-Bark Qln-
Nbw OKLE4N3— For
—
seppl Lanauv, 1,933.
For Bremen— March l2-3tsaraor Egbert, 3,988.
lor Birooinna-Maroh la— Bark Aranoa,
For .Malaga-March 13- Bark Eutella,
For O0iio.a-M irch 13— Bark Ferrerl,
8ATvNXAi£-For Barcelona-March 10—Steamer Amaryllis, 5,350.
OUARi.ESTOX-For Liverpool-March 10-Bark Mathlldo, 1.400
March 14— Bark Vlretnla. 938.
Vjt Baroelona-HarcH 9— Bark Maria Lulsa. 530 ....ICaroli 10—
Bark Qeflon, 1,536. ...March 13-Bri/j Alfredo, 1,100,
.
.
.
MeK.9.
41, .500
saooo
4.600
1,870
30.0J0
7,800
31,300
5,300
4,309
38,000
96V000
9 88 .000
692,000
81,000
44,500
290,000
220.000
701.000
79.000
02,000
3)<2,eOO
201.000
13..^00
2 :,500
ir<lA.1«.
61.000
5.500
3.500
45,000
6.500
27.000
920.000
658.000
37.000
^W
306,
870.1
The tone of the Liverpsol m\rket for spots and futures each
day of the week ending Harch 16 and tae daily closing price*
of spot cotton, have been as follows.
Wedntt.
Saturday
lAwMTy.
JVufaqr.
Spot.
Mod.
Market.
12:30P.M
DaU.
Inq.
freely
supplied.
Hid OpVds
I Hturee.
Market, \
Doll.
12:30 P.M. J
)
5p. H.
(
Fair
Ini.
freely
sappllaJ.
Steady.
8,00c
1,000
8.000
1,0 JO
3^
51 Its
6>'l«
5"i«
13.000
2.000
10.000
1.00*
rut.
In boysrs'
favor.
Oall.
Steady.
Barely
Barely
Barely
stssdr.
steady.
steady.
easier.
easier.
13.000
2,000
steady.
Dalt
and
dem md
freely met
5"8
5l'is
Bpecdcexp.
Market,
Mod.
6»18
d.OOO
1,0 JO
Sales
Plat.
The opening, highest, lowest and closing prioes of futures at
Liverpool for each day of the week are Kiven below. These
priceH are on the bails of Uplands, Low tliadliog clause, uolea*
otherwise stated.
}^The prieet are given in ptiiee and 6 iUt, tkui: 5 63 meatu 5 63-«i<
and 6 03 mean* 6 3-64<l.
Mch. 10.
Sat..
Juliana. 1,290.
For Havre— .'Maroh 13— Bark .Snoranza. 1,723.
For Brcmen-.March 10— Bark Tancred, l,000....March 13—Steamer
2
JfcA.
Of which Aranrloan
bales.
Of which exporters took
Of which speculators took..
Sales American.
Below we add the clearances this week of vessels carrying
ootton from United States ports, brin/^ing our data down to the
latest mail dates:
Q.iLVEsTos— For Liverpool— March 9— Bark Embla, 1,900... March 10—
Hbip Guld(?ren, 2,316;
week
41.300
5,700
3.100
29,500
7,500
26,000
960.000
696.000
113,000
112,030
286.000
Sales of the
Mia.Orl'ns
Baree-
hnrg. Antufp.Malmo. loha.
6M) 3.408
N. Orleans. 12.387 4,340
Mobile
3,500
Oharlesiou.
8,105
Phlladelp'a
Tutt.
ifoit.
Uverpool, steam d. li«4a'4 "«4»'« •«.«T»»;
Total
The
Boston
bJ
West 370
2*
loS
-,„93
2,99;
2.74"
2.74
Herbert C. Hall, 3,09S
5571
To Bremen, per barks Dillgentia, 1,075... Wilhelm Fo»s,l,209 2.284
To Cronstadt, per bark Fraternitas, l,4'*7
1.437
To VeraCru/,, per steamer Whitney, 1,2I10
1,290
KORKOLK— To Liverpool, per steamer Faderioo, 5,828
per b.irks A. E Kfllam, 2,228.... Calcutta, 2,881
Plymouth. .1,421
16,364
BALTtMoRE—To Liverpool, per steamers Mississippi, 2,710....
Baltimore.
...mi*
.j
.
i
1,3.3"
BAVAjraAH— To Liverpool, per bark Wm. Uorden, 2,741 Upland.
To Amsterdam, per bark J. Walter Seammell, 3,270 Upland.
Texas -To Liverpool, per steamer Alice, 3,473
per bark
6,3 i8
rii«
,
II loll
UoDso.t, steamer, from New Orleani at Now York. A Sre broke eat
among the cotton In the hold of stoaner llodaon, Preeman, al Metr
•
York from Now Orbinns, early A. M. of March 13, and waa do*
extlagulshud by tho Hre department till 1 P. U. About 50 baUe at
oottou were damaged
1/ms by water between 410,000 and
flS.OOO: vessel slightly Injured.
She wa« belof ptuaped eat
•ame evening.
Meto, steamer (Br.), before ropor.'ed. Stomer San Marooe, from Oatveitou. which arrived nt Now York, .March 8, bronght from Ititf
.1,328
4,0.M
8,56S
Reval, per ships MoDougall, 4,278.... Lizzie Moses, 4,450
per bark Formosa, 2,200
10.938
To Cronstiult, per b.irk Agostluo C, 3,073
3,075
To Maliuo, per bark J. A. Brown, 1,441
1,441
To 8ebastni)ol. per steamer Urachoufels, 6.240
0,240
To Barcelona, per bark AKUStina Calzada, 1,223
1,223
Mobile—To Liverpool, per bark Aiistraiiu, 3..'i(X)
3,500
Charlbsto.s— To Lireriwol. per barki Lady DulTorin, 2,712 Opland and 246 Soa Island
Molilarao, 2,575 Upland
Saifona, 2,332 Upland and 190 Soa Island
8,105
To Bremen, per bark All, 1,030 Upland
1,050
To Reval, per barks Hindoo, 1,190 Upland
Lovetand,
1,410 Upland
2,600
To Barcelona, per brigs Ataulfo, 650 Upland
Paratons,
Mew York.
.,«,,««»
II.uul>urh', wUloit towed linr (nr nloateaa
the loth tho Mlwourl look lu tow and towed bar to
On
hours.
G50
To
vooi.
i,..« ..r ,)>.,
1
6,338
12,367
4,310
700 Upland
mllu.H fr.im Mainly
.r.'!,
:
steamer 8iiovla from
Liverpool, per steamcirs Baltic, 1.033
To llavre, per stoiuuBr Franco, G.'iO
To Bremen, per .xtcainors Hohenstauffon, 3,33J.-Neokar, 995
To Hamburg, per steamer Polyueaia. 80
To Rotterdam, per steamer Moas, 70
To Amsterdam, per steamer Schiodam, 910
To Antwei-p, per steamers Uormann. 79
Pennlaad, 100..
To Baroelona. per steamer Aloaia, 208
M
arrived at HiiirnT.
MIsH.iiirl (llr). <H'Tii|. riMiii
C'it/ of (-'li.'!«!rr l)r..k.' Iii-r h
4,033' 17G. 747
Lako
Peruvian, 100
O-aninT OfMiMraTTMCV
-.March
^^
3,002l33j.ll9
330 70,308
Ak
Mi
U-«|MS?OMaSlM.^?
158... March
.ntarlo, 1,5M.
PorRrrni."
Btoaraer AtMrtr*,—
PuiLAOKM'iiiA
••ol-Marobtt-OMamwBinMiCfVwa.MaO
....March 1 J Steaiuur Indiana, 2.800.
Bdlow we give all news reoi^lvei to d«te nf dUaitera to ?•«•!«
•arryin? oitt )n frona Uult^d ,Sta'Ai porrt, Ac:
Ciri OK i:iiK«rKR, stonmnr (nr.), Watkliis, fr.im Srtw York. March 8. tor
30,328
SaiFPiJta Nbw3.—The export!! of cotton froa the [Taited
States the past week, as per Ulest mail returns, have reached
129,512 bales. So far as the Southern ports are concerned, these
are the same exports reported br telegraph, and publish^id in
toe Chboniolb last Friday. With reyard to Nevr York, we
Inolade the manifeits of all vedsels cleared up to Thurdday
nicht of this week:
HBW York—To
I
1
.suau.
II
„
13-Bark K.4U Caoo, 3.070
-Mark Follx. a,7««.
liroh 7-MtMronr MlMoarl. a,tM..
l.lveriiool-MaroU
For Koval-Mir.r.
BosTox-K.ir I.
ii,.^20
Tblijrear. 33,300
319
BAi.ri«..„R -I.
Maroli U)
00.347
4,212! .13.777
Oil 3,2!) :(' 106,078
70'
\
7,105
8,8i'9 lOl.S.'iSl
4,831 117.070
K«w
.
.
Op«n mjti Low.
Clot.
d.
d.
d.
Marob
Mar .-April.
d.
Moa., Mch. 13.
Open Hl«k Lov.
d.
d.
•
••
d.
.
...
Cloi.
0pm
i.
d.
....
5se iSi sae 8SS
April-May B40 B40 BS» B39 B«0 8 41 940 S41
May-Jane.. Si-I S4) 543 943 548 843 949 BIB
Jane-Jnly.. 6 47 SiT SM 5 46 |B47 54S B4« B«S
880 BSS 880 B8I
July- Aug...
Aag.-9spl.. BH BM BB4 BM 884 BBS 8St Bsa
8 SI BBS su • li
8apt.-0«t...
•
...
.
Oot.-Nov...
N0V.-DW1...
....
....
....
....
....
...
Tae«^ Meh. IS.
....
BBS
ssa
64t
B4B
84*
BSi
BBS
....
B«B
Si(k|lM«. Os*.
d. Id.
SBB BSi
BSe BSS
sti su
*.
»»
nm
Btt
84T'S4'>
BM
84t>
880
954 BBS
98* BSe
Bsa
8 81
....
BM sa
BU
•^
•4
....
.
..
THE CHRONICLE.
3^0
Wednes., Mch.l4.' Thnrs., Mch. 15,
.L
Open Bigh
Cios.
541
5 41
5 40
S44 541 5
Hay-June.. 5 48 548 5
42
5
4fl
5 51
5 54
5 58
5 54
Jnno-July.
July-Aug...
Aug.-Sept.
8ept.-0ct..
Oot.-NoT...
Mot .-Dec.
5 51
6 64
6 58
45
5 63
6
5
5
5
40
42
45
49
5 5J
5 58
558
554 551 S64
5 48
5 46
5 46
d.
d.
5 40
5 40
5 43
5 45
6 49
5 62 5 53
656 5 56
5 52 5 52
5 48 548
516
5 50
5 54
5 57
5 50
5 64
5 67
566 556
5 49
5 49
5 49
5 47
5 47
5 46
5 43
5 43
5 46
6 43
5 48
6 49
6 63
6 43
5 46
5 49
6 68
6 43
d.
6 40
6 40
6 42
5 46
6 49
Uarch
Mar.- April.
Aprll-Msy.
Mch. 16.
Open High Low.
Open High Low, Clos
d.
d.
d.
Frl.,
5 49
5 46
Ot08.
d.
5 38
538
538
638
6 44
6 41
5 45
648
548
5 52
5 62
5 53
6 55
5 52
648
548
5 41
555
No. 2 spring... S bbl. $2 85®
No. 2 winter
a 00«
Superflne
3 703
Spring wheat extraa.. 4 25®
do bakers'
5 00»
Wis. & Mien, rye mil. 5 50a
Minn, clear and stra't 5 00 a
Winter slilpp'g extraa. -lOO*
Patents, spring
6 50®
Patents, winter
5 50®
Spriug.per bush.
Spring If 0. 2
Red winter
Red winter. No. 2
90
1
West. mix. No. 2.
Wliite
YeUow
Buckwheat
FBIDAT, P. M.. Marcli 16, 1883.
Flour has sold to only a moderate eiteat, and prices have
The supply is ample of most kinds, and even Min-
declined.
nesota grades, of which this can scarcely be said, have shared
The export demand
for the lower grades of
both State and Western flour has fallen
off
sale.
In addition there has been a certain sympathy with the weak-
To-day there was a
fair tiade in
the commoner brands at steady prices; otherwise, trade was
dull.
to
more favorable weather both here and
abroad and the increase
in the
supply in this coantry,
visible
his declined, especially for the later deliveries.
been a
fair foreign trade
ness.
The
good
Kansas
of
favorable
have
and
condition,
other sections
more
and
as
rule
here
of
shorts
ja
prices at
but
the
the
but-i
have been,
Advices from
reported
a
recently,
Illinois,
wheat
winter
though
conflicting.
at
times
Covering
when the weather became suddenly
milder weather
and
manipulations
designed
weak holders have again given the bears the advantage, especially when the dispatches reported the European
to shake out
markets as depressed.
By far
7 00
4 30
7 75
715
delivery.
To-day
the market was firm for cash wheat, but again lower for
options No. 2 red sold at $1 195.^@*1 19% for March, |1 20%®
;
$1 21 ?6 for April, $1 22%@$1 23% for May and $1 2.S%@$1 24%
for June. After ,'change the [market was weak and unsettled
after a decline for the day of 1 to l^c, caused mainly by free
sales to realize ; cash wheat was also depressed ; Nc. 2 red
21^ cash, delivered, |1 19 for March,
22M for May, and $1 22% for June.
closed at $1
April, |1
$1 20 for
it is now reported that this design has
been abandoned!
notwithstanding the statements that the short sales
for May
outstanding are ten times larger than the supply of No.
2 corn
there. Whenever there has been a decline here or at
the West,
shorts have embraced the opportunity to cover pretty
freely'
To-day there was a further slight decline; No. 2 mixed sold
but
at
70%@70^c. for March, 70M@71c. for April, YlJ^OTl^c. for
May, 10%@nyse. for June and 72c. for July.
Rye has been rather weak. Barley has sold moderately
•
steady
Oats have been declining here of
late,
notwithstanding the material decrease in the
supply
within a fortnight, this fact being offset by
larger receipts at the West, the weakness in other cereals,
and a falling off in the speculative demand both here and at
Chicago.
To-day there was a fair business at a slight decline, No.
2
mixed selling at blYso. for April, 62i4c. for May and 52%c.
for
at
prices.
'
'
June.'
The following are
3
2
&.
®
3
50 «
52 la a
50%»
72
73
Canada..
»
54
No. 2 white
BarleyCanada No. 1....
Canada bright...
Canada No. 2....
76
77ifl
52
58
....
....
1
01
»1 02
1
04
96
93
85
a
3
3
State, 4-rowed.
State, 2-rowed...
al 06
97
95
90
Wheat.
OaU.
Corn.
Barley.
Rue.
BusKBO tbs Bmh.saibs Bluh.S2 16* Bush.iS i6» Biwh.56 163
1
Chicago
91,651
Milwaukee
Toledo
188,686
171,899
809,192
399,401
24,500
188.982
63,798
.
3,115
Detroit
ClBTeland..
St. Lonta....
Peoria
Oulutta
Tot.wk.
wk.
'83
Same wk.
'81
7,198
3,444
89,210
1,295
1,22,1,931
6,445,900
5,163,728
6.389.918
201,259
174,584
4,140
24.695
4,617
111,831
21,0»0
76,638
21,951
1,017.483
442,100
181,494
70,354
125,860
45,070
185,726
97,809
27,500
789,990
382,600
6,950
65,842
209.703
125,684
94,215
'82
620,877
83,622
33,528
15,749
20,775
77,337
185,575
1,876,825
3,165,620
691,090
287,475
651,999
1,992
386
10,410
14,500
1,609,179
489,313
346,924
60,974,544
56,485,441
32,922,219
12,470.998
8,252,598
32,244,8;i8
77,697,414
23,322,831
10,301.004
59.892,565
74.943,320
28,801, 569
10,144,903
3,216,487
2,aS9,77«
52.314
27,026
SlnoeAug.l—
1882
1881
1880
The comparative shipments
Flour
bbU.
Wheat
bush.
Com
1881-82.
1,561,672
1880-81.
1,649,215
1879-80.
4.307,568
18,010,528
7.307.133
2.788,469
431,309
3,565.963
13.609,156
5,896,353
1,215,725
452,445
2,906,363
8,542,914
5,096,s8S
1,286.668
460,183
2,394.310
13,111,174
2,510,912
732,811
356,184
32,845,007
24.839,643
18,293,013
19,095,391
Rye
Total gialji
....
of flour and grain from the
to Mar, 10, 1883, inclusive, for
1882-83.
2,158,005
Cats
Barley
Below are the
869,218
shipments from Western lake and river
rail
ports for four years:
1882,
1883,
bbla.
220,468
148,179
113,996
381,919
1,958,184
979,234
349,946
51,142
301,311
653,750
366,368
89,816
47,088
239,114
996.375
336.077
47,733
30,222
1,741,181
358,836
84,496
27,345
3,723,445
1,458,331
1,619,551
2,593.032
and lake shipments from same ports for
last four
Wheat
Com....
Oats
Barler
Rye
Total
...
rail
If 80.
Week
'rish,
Flour
The
1881,
Week
Mar. 14^
114,784
Week
Week
afar. 11.
10.
Jf«r. 12.
383.194
weeks were:
Week
Flour,
bocs.
endina
Mot. 10.. .220.468
Mar. 3...21y,236
Feb. 24.. 15S.030
Feb. 17.. .174,896
537,274
385,707
357,697
418,365
Tot.,4w. 772,630
4 w'ks 82.. 595,857
1,699,043
1,016,897
Corn,
Wheat,
bush.
bush.
Oats,
bush.
2,507,453 1,015,699
2,480,972 821.817
1,312,146 881,761
1,883,541 725,181
Barley,
bush.
Rye,
bush.
349.948 51,142
314,723 03.088
300,211 25,834
328,470 24,293
8,214,112 3,544,458 1,203,355 199,359
4,369,094 1,450,825 333,912 151,258
The receipts of flour and grain at the seaboard ports for the
week ended March 10, follow;
Bye,
Flmtr,
Oats,
Barley,
Wheal,
Com,
At-
NewYork
oUs.
110,895
67,175
.
5.985
10,095
.
Pliiladelphla.. . 21,561
B.'iltimore
.
27,811
New Orleans.. . 22,731
Boston
Portland
Montreal
.... .
.
bush.
bush.
biish.
bush.
bush.
425,484
75.899
108,507
20,602
892,163
310,070
8,300
243,394
142,775
2.800
72,600
26,500
22,964
1,300
6.363
79,.500
294,200
657,803
402,858
5,900
28,820
12,850
36,090
198,127
100,383
Total week.. .272,5371,008,802 2 ,578,771
530,218 684,425
Cor. week '82. . 247,527
59,.500
503,772 133,820
261,318 135,390
450
1,500
1,710
27,924
8,122
The total receipts at the same porta for the period from
Dec. 25, 1882, to Mir, 10, 1883, compare as follows for four
years:
1882-83,
3,156,138
1881-82.
2.361,730
18S0-81.
2,601,620
1879-80.
1,797.411
bush. 10,417,715
18,956.239
4,201,531
1,006,058
202,662
6.145,232
8,241,145
4,286,521
1,250,452
112,165
9,067,259
13,300.681
4,398.730
1,107,341
361,606
7,148,328
20,977,969
Total grain.... 34.817.205
20.035,515
g3,235,620
32,774,774
Flour
Wiieat
Com
Oats.,
Barley.
Rye
closing quotations
State
®] 13
54 •a 72
71>3a 72 Jn
69 a 73
69 3 72
70 '3 73
—
Indian corn has also declined, fartly owing to larger receipts,
partly by reason of a decline at the West, and partly in eympathy with wheat. A moderate export trade has been done
and options have been fairly active. Fears of a corner on May
delivery at Chicago have prevented any very marked decline,
.
053 3 65
633 3 80
759 2 90
3
Rye—Western
12
ilfar.
May
Corn mealWestern, &o
Brandywlne, Ao
Buokw'tfloor.lOOlbs.
I
®130
the larger portion of the trans-
actions in options here have been for
,
from same pons from Dec. 25, 13S2,
four years, show as follows:
advices
and at the West has caused a re-action
intervals
7 50
4 85 a 5 90
3 40 a 3 75
Soutli'n stlp'g extras.
Rye flour, supertlne..
12
09
Flowr.
BN>.19eib«
the winter-wheat belt have been of a
character than
the statements have been somewhat
colder,
in Chicago,
largely due to manipulation.
and
Missouri
in
BeceipU ot—
There has Same
and a rather larger speculative
fluctuations, both here
it is stated,
5 50
6 00
6 00
The movement of breadstuffs to market is indicated in the
statements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
Lake and River ports, arranged so as to present the comparative
movement for the week ending Mar. 10 and since Aug. 1 for
each of the last three years:
.
Wheat, owing
600a
family brands
materially, and
holders have at the same time pressed their supplies for
ness of the wheat market.
303 6 00
City shipping extras. 95
Southern bakers' and
4 00
ai 14
Oats1
31 24
Mixed
120^53 221a
White
101 31 26
No. 2 mixed
1
Corn— West, mixed
BREADSTUFFS.
3 30
3 65
Wheat—
White
White No. 1
in the depression.
XXXVI.
fVoL.
bbls,
':
3.3r,4,l7'2
1,091,27,8
203,020
I
...
—u
.
MAr.CH
THE CHRONICLE.
17, 1888.J
The ezporta from the Mvenl a«»bo»rd porta for w««k •ndlag
Mar. 10. 1883, are shown in the Mneied itatementt
S*poru
from —
NewYort
Bucion.
.
Wlmtr.
Whtat.
Oom.
OaU.
BbU.
B<uh.
Itiuh.
Biuh.
1I2.A94
309.99.^
38,Ut)2
179.781
109.607
S90.419
71,031
4,-286
lS2.H2i
136.844
Portlaoit
Montreal.
PblUdal..
Baltlm're
N.Orl'us
Buth.
477
2,360
412
171,249
976.948 1,169,143
70U
39,139
2,946
673.830
4.802
46,508
40,806
131.791 1,2.14.004
.
BtuH.
30,139
100.684
193.648
£13,761
U,310
Total w'k.
8'na timr
1882.
709
fuu.
Jly*.
We
destiaation of these exports is as below,
florrespoading period of last year for comparison:
add the
Com.
Wheat.
Xxportt
for week
1883.
Week.
to—
1882.
Week.
Uar. 10.
Mar.
11.
QrMt Britain, 143 to Haytl. 101 to BrsttI and tk«
in small lota to other marketa. Th« j^>bbini( trad* la pUia
aad
Miored aottons was quite aotive, and af sat* tiytilsawd •.
to
i
steady though moderate dem tnd for genera) ra-asMrtiMalai
Prieea remain firm on all th» moitt deirirabin brown aodUaa«k«d
goods, and some additional makes of wide sheeUDgs, const
sateens, Ac, have baen slightly advanced by agcata.
Print cloths were in moderate demand at 8 ll-16e. for
"spoU" and "futares to July," and 8 I 160. for MieOs. Prints
were freely distributed by Jobbsra.aad there was a steady ra-assorting demand for fancies, shlrtlngn, combinatioa saitiags^
Jeans,
MxM
The
riour.
S21
1383.
Week.
1882.
Week,
ilar. 10.
Uar. 11.
1883.
Wetk,
Mar. 10.
1882.
Wetk.
Uar. U.
fine sateens, &c., at first hands, resaltiDg in
a good aggrvgato
Qiughams continaed active with Jobbers, and a fair
thought somewhat irregular movement was reported by agentc
basiness.
DoMBSTio Woolen Qoods.— The demand for men's- waar
woolens has not been particulary brisk and few large trawaetions were reported in any class, but tht>re was sneh a steady
small duplicate parcels of casalm^ref, worstisdi, suitwas fair in the aggregate. Prices of
clothing woolens remain steady, and stocks are generally ia
very good shape, some of the leading mills making caasimerea
and worsted coatings having orders on hand to the fall extent
call for
BbU.
Jiblt.
Va.Kln«;.
CoDtin'nt
B.AC.Am
W.
lodlea
Brit. Col'*
Otb.o'nt's
Total..
Btuh.
709.620
263,314
13ii.826
82,742
11,307
6.327
14,024
0,703
2
23.840
11,042
8,080
171,249
131.791
By addiof
4.0S1
Btfh.
416.018 1,031.332
807,410
123.017
Buth.
JBiuA.
20
3ni,(i00
248..t44
10.271
3,365
1,198
6,219
26,540
887
976,948 1.254.054 1,109,143
673,820
2,000
of their capacity.
movemeat
to oar previoas totals we
have the furiuwiag statement of exports since September 1, thit
season and last season.
this week'n
Wheat.
Flour.
MvporUtince
Sept. 1, to-
Mar.
Sept. 1 10
afar. 11.
\0.
BbU.
BbU.
Vn. Kingdom
Coattnent
B.ac. Am...
.
.
s,saa,»«3
aae.3S2
Cbrn.
1W1-8S.
1881-88.
188S-«3.
Sept. 1 to
Kept.
Mar.
1
to
Sept.
Mar.
10.
1 (0
11.
1888-83.
1881-88.
Sept. 1 In
Sept. 1 to
Mar.
10.
Mar.
II.
Buth.
Buth.
Buth.
Buth.
2S.e07.473
Ill,«»t305
lS.M8.3(y7
I».807,068
1S13A8 30.W7.I63
8,004.540
1.788.601
3,083.740
l.T80,9«»
ings, &c., that basiness
Overcoatings ruled qaiet as regards new
was a steady movement on account of back
orders. Jersey cloths continued in good request and firm.
Satinets were in irregular demand with most relative activity in
medium and floe qualities. Kentucky jeans were jobbed more
freely and there was a limited call for jeans and doeskins at
first hands.
Dress goods, as wool suitings and sackings, nun's
veilings, cashmeres, lace bantings, figured worsteds, Ac., wera
in moderate request by package buyers, and a satisfactory distribution was made by jobbers.
basiness, bat there
FoRBioN Dry (Joods.—The jobbing trade in foreign goods
was fairly active, and a good business in c-<rtain specialties waa
7.806
done by importers. Black and colored silks and trimming
Otb. ooontr'i
M».410
200.968
velvets were in steady request at unchanged prices, and dreas
Total
5.5«8.?44
a.wi.ns 4(l.lie.l83 49,613.474' 16,391.804 80.Se3.878
goods continaed to move with considerable freedom. Lacea,
The visible sapply of grain, comprising the stocks in granary
at the principal points of accamalation at lake and seaboard embroideries and white goods were in steady request, and a
ports, and in transit by rail and water. Mar. 10, 1883, was as moderate btisiness was done in shirting and housekeeping linen
follows:
goods. Uen's-wear woolens remained quiet, bat good sales of
Oatt,
Wheal,
Com,
Barley,
Bvf,
cloakings were reported.
In itore at—
huth.
buth.
hnih.
buth.
buth.
W^wt
Indies.
Brit. Col'nles
Hew
4' .S,4SI
6i5.s;s
818,490
«4.177
York
(est.)
Biifralo
M
Ohloa^
Do. afloat
Kilwaokee
Dolntb
313.000
1,160.111
1.269,098
2.178,041
1,362,600
Toledo
Detroit..
Oawetro
Bt. Louis
Cinoinoati
Boaton
Toronto
Montreal
FUladelphia
Peoria
Indianapolis
Kansas City
Baltimore
Down Miaslssii-pl.
On rail
Tot
42.000
799.490
5.864. 1,S2
88.803
4.603
19.780
4S.M8
868.134
390,000
80,000
5,871,345
Do. a&oat
Albany
Tot.
Tot.
Tot.
Tot.
Tot,
379,718
S44.STH
a78.ice
21.466
444,017
9.'>,794
12.=s.000
94.000
90.000
273.628
16J,115
1
17.000
29.199
4,908.451 l,526.4(iS
217,000 102.000
1,758
47,801
57,722
570.726
86.879
11,384
0.5.000
35.000
1,600
cu,u»3
903.005 1,335,769
9.3^5
82,087
99,215
93,103
149,420
120,102
1.401
505,112
500
il0,5."i5
205,873
5.016
90,366
674.392
688.101
3.787
828.704 198.129
23,200
361.500
77.700
20,026
229.810
439,157
933.420
733,627
l.-)2.3.'i3
36,445
549,209
462.101 2,579,257 1,210,914
Mar. 10.
Mar. 3.
'83. 23,B20.39.'5 14,150.038
'83. 23.332.271 13.64.'5.6-ll
Feb. 24, '83. 22,.^09,914 H,.528.y-'i3
Pel). 17. '83. 21.971.108 10.140.170
Fel>. 10, '83. 2'.>,'288.094 10.570.733
Mar. 11, '82. 14.452.318 12,928.173
161,700
iM6,037
68.^66
84.194
3-5.»45
303.810
87,»07
39.908
222.767
217,000
95,000
24.348
713,225
...
280,251
82,646
soo
a
109,7^3
8,500
4
ImportatloBs of Dry Goods.
The importations of dry goods at this port for the week
ending March 15, 1883, and since January 1, and the same facta
for the corresponding periods of 1883. are as follows:
n
a
i!»,o
4o,.,12
70.6o6
57.7J6
71. ICO
215,457
4,922
140.832
35,400
23.623
8*499
150.495
"aio
29,835
451,859
83,838
S:
:
P
751
I
I
15..'>00
CWA04.0
-new — —
0> -^ 91 ^1 CO
o-j>
IS
•suoaw
oat
4.H01,037 1,9^7,508 l,871.8-'3
4,194,411 1.916.472 1,832.070
4,165. '.jao 1.55«.859 1.647.1(13
4,008.420 l.HOO,.'>07 1.600.429
4.020.082 1,029.054 1,356.101
2,022,885 1,869,803 1,091,706
cncc
Gobi #.05 05
— tewotp
CJ^ — M —
giswis—
ots—
«DCIt
THE DRY GOODS TRADE.
*-o
g.01
Frioat. p. H.. March 16, 1883.
There was daring the past week a continnance of the activity
lately developed in the jobbing branches of the trade, and a
large distribation of seasonable goods was made in this connec-
Soathern'and Western retailers have taken hold with
such freedom that they evidently look for a prosperous spring
trade, but there was not the least trace of speculation in the
demand. Basiness was somewhat irregular with the commission houses, but staple cotton and woolen goods were in steady
request, and a very good trade was done in a few specialties
suitable for the coming season. The settlement of the tariff
question has stimulated the demand for imported goods^
operations on the part of retailers having footed up a very fair
aggregate amount. Valaes were firmly maintained on most
kinds of domestic and foreign goods, but there was more pressure to sell certain makes of domestic ginghams, which object
was accomplished by means of reduced prices.
Domestic Cottox Goods. The exports of domestics for the
week were 1,198 packages, of which 661 packages were shipped
•-wtiOS
Ki
^
ift»
0D- — ©Oil
yyfiPf
VcOODQStD
SgtuSg
X •»
tion.
—
>!
-•»
I
ff OP
OO
'-^
gOD
L
ODIO
•-en
<e«tt—
tt— *»'—
52
mo
s
QatesH
e
u
S
-JSHiM
*4»oi-»b
a o c wo.
'w'-4
&
^
I
o ^w— a-1
- is3»»B
I
wis
? 2 at
00
V*,'^ OS
ISW0»9Oi
.'IP
THE CHEONICLE?
3^2
The Brooklyn Trust Co.
Montague & Clinton
Cor. of
eta.,
Brooklyn, N. Y.
This Company is authorized by special charter to
act as receiver, trustee, guardian, executor, or administrator.
It can act as agent in the sale or management o
real estate, collect Interest or dividends, receiv
registry and transfer books, or make purcmise and
Bale of Government and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction of business, will
And this Company ii safe and convenient depository
CHAS. K. MARVIN, Vice-President.
for money.
TRUSTEES:
John
Chas. R. Marvin,
P. Rolfe,
Josiah O. Low,
B. F. KnowJton,
H. E. Pierrepont, Alex. McCue,
Henry K.Sheldon,
John T. Martin,
Edm'd W. Corlies
Alex. M. White, A. A. Low,
Fred. Cromwell.
Henry Sanger,
WM. H. MALE, Secretary.
JAS. R. CuRRAN, Assistant Secretary.
5 & 7 Nassaa Street, Neir irork.
31 Sontb Third Street, PblladelpbiaPortland Block, Cblcago.
$1,000,000
&
Special attention to business of oountrv banks.
EXPLANATORY BOOK,
just
CAPITAL FURNISHED OR PEOCURKD
BAGS, "AWNING STRIPES.
OPERATORS IN STOCK EXCHANGE 8ECCRITIES should test this system, by which large profiti
»Te realieed, and the possibility of losses reduced to
\v. gvtteribge: & co.,
BROKEtlS, No. 7 DRAPERS GARDENS
Eugland.
€••
WILL BUr OR SELL DEFAULTED BONDS
1SS3.
OT
them into interest-paying Investments.
Circulars and other information furnished on ap-
convert
A YEAR BOOK
Wierum,
foreign excbasojb,
Otio c. Wxikvu
N. T. Stock Exchange.
Wm. P. Humbert &
BBOTTN
iNFORMATION
Wm. p. Hdmbekt.
Edivaiu)
Member N.Y. Stock Exch'ge,
Member N.Y. Produce Exch'ge.
8.
Bkkediot.
43
Figures anfl
Hiiestis
Co., CommercialUnited States— Foreign Commerce, Trade
ST., NEW YORK,
Balance, U. S. Exports and Imports ol
PINE
SUCCKSSOKS TO
WOOD &
year,
DAVIS.
&
Pondir
stocks,
AITO.
N 4THAN
Co.,
Bonds & Investment
Securities,
PI.ACE, NEW YORK.
Orders executed on the London and European
30
EXCUANHE
assrkets.
K. C. Humbert,
Member N. Y. Stock Exch.
E. C.
Joux J.
Humbert
C.
Hombkht.
&
Son,
BANKERS AND BROKERS,
No*. 37 & 39 VTAI^Ii
QUXKN BuiLDINa,
STUEET,
NEW YORK
Wm. M. Eahl, a. n. DATioN. Geo. H. Stattnib
Member N.Y. Stock Exch.
Special.
Earl
&
Dayton,
BANKERS AND DROKERS.
53 TO 59 DREXEL BUrLDING,
NcTV Itork.
STOCKS ANP BONDS BOUGHT AND BOLD
_^
ffraiCTLY
Bank
E. K. iriUDGE,
& 45 WHITE Stueet,
NEW TORK.
ON COMMISSIONj
&
Motley,
SAW^YER &
15
CO.,
Chauncey Street.
BOSTON.
AGENTS FOR
Ocean mils Co., Atlantic Cotton MlUs,
Feabody Klllls. Clilcopee mis;. Co.,
Rllerton
NcwMIUs,
Columbia
Wlitte HIfg, Co.,
Bicycles.
in dally uso by doctoifl,
lawyers, ministers, editors, merhunts, Ac, &c. Send 3-cent stamp
for eleKiintly illustrated 3e-pa«*
of
<
catalogue to
The Pope
842 Washington
Returns, &o.
Tbe money market-
Bzecute orders in all securities listed at the New
York Stock Exchange. For Sale,
FIBST-CLABS KAIUIOAB " 18T MOBTaAOE BONDS.
«K0ROU C. WOOD. C. H. HUBST18. L.M.SWAN
JOEK PONDIB. EDCAKD MKBTIN9.
London—Review
Articles.
for Export Trade.
Thoasands
London— Money Market and Bank Returns
Leading
4C.
Saratoga Victory Mljj. Co.,
Hosiery and Varn JUills,
Currency Movements.
BAMKEllS AND BROKERS,
PRINTS, DENIMS, TICKS, DUCKS,
Towel.% QniltSj'Whlte Goods & Hosiery
SUCCESSORS TO
New York City— Bank Ketnms, &c.
&
BLEACHED SHIRTINGS
AND SHEETINGS,
Joy, Lincoln
Investors.
CONTENTS:
Retrospect of 1882.
mercantile Failnres.
Banking and Flaanclal —
United States— National Bank
Co.,
Sc
Drills, Wheelings, die,
Bankers,
8tock Brokers,
Merchants,
BANKERS AND BROKERS,
Fabyan &
York, Boston, Philadelphia,
SELLING AGENTS FOR LEADING BRANDS
FOR
Co.,
Ifork.
IN
96 'Wall Street, New York,
10, 13 & 14 East Bay, Charleston,
108 Bay Street, Savannah,
41 Sc 43 North Peters St., New Oilcans
Sec'y and Treat.
50 EXCHAKGE PLACE,
Brokers in Railroad Stocks and Bonds,
31
AND COMMISSION MERCHANTS
New
OF
SHORT, President.
FiNANGiAL
Wood,
MILLERS, FACTORS
Bliss,
pIleatloB.
New
Street.
(ANNUAL.)
WILL BUT AND SELL INVESTMENT SECUR-
No. 7 Nassan Street,
Duane
RICE,
Financial Review,
ITIBS on Commission.
Member
CO.
Colors, alwsj-s in stock.
DanTalmage's Sons & Co
Publications.
trmfitees.
oovjEittfMEinca *
Chas. k. RANjjiiu^,
A full supply, all Widths and
No. 109
8W0RN
IZATION of Railroad Companies and other Corporations whose property is in the hands of Receivers or
&
Also, Agents
UNITED STATES BUNTING
OPINIONS OF THE PRESS.
Gazette—'"The system recommended
by Messrs. Gutterldpe & Co., Is easy to comprehend
and safe." John Bull— ''An easy and apparently safe
system, worthy of public confidence." Cmirt Journal—
"An excellent, way of speculating, ably set forth
dmlian—VAn Interesting book. This system commends Itseil as being a very safe one." News oi the
WortA—'" This book is well worth reading. One cannot do better than retain th^ services."
foi
WILL CONDUCT THE FINANCIAL REORGAN.
Randall
TWINES, Ac, "ONTARIO" SEAMLESS
publis^ied, gratia
and post free upon application,
furnlshei!
Railroad Companies having lines under construction
and their bonds purchased or negotiated.
FINANCIAL NEGOTIATIONS conducted fOl
Counties, Towns and Cities, and for Railroad Companies and other Corporations.
€.
COTTON S AILDUCK
SPECULATION AND INVESTMENT
And all kinds of
IN STOCKS AND SHARES
COTTON CANVAS, FELTING DUCK, CAR
WITH A MINIMUM RISK.
COVERING, BAGGING, RAVENS DUCK, SAIL
to Corporate and Private Investors.
JOHN
Co.,
Manufacturers and.Dealers to
.
liOndon £•
SOUND INVESTMENT SECURITIES
XVm. P. ATATSON,
Brinckerhoff, Turner
Co.,
BANKERS AND BROKERS,
7 Wall St., Cor. New, New ¥orIl,
INVESTMENT SECURITIES.
Civil Service
FINANCE COMP'Y,
-
&
A. H. Brown
A minimum.
AMERICAN
Capital Stock,
Commercial Cards.
liisnrancc.
Financial.
XXXVI
[V^L.
and Prices ot Call Loans and
Commercial Paper since 1874.
Influences,
mfg;. Co.,
BOSTON, Man.
St.,
New YOTk Riding School,
Neau Thikd ATI
214 E. S4TH St.
Gold and Silver-
Production, Exports and Imports of Gold
and Silver in the United States and abroad.
Porelsn ExchangeMarket and Prices in New York, 1871-1882
Investments and Speculation—
Compound Interest Table, Bliovrtns Acoumulatious ol Money in a Series of Years.
Table Showing the Rate Per Cent Realized
on Securities Purchased at different prices
(without regard to date of maturity.)
Stock Speculation in New York.
C7nlted States JUeot and SecuritiesDebt of the United States.
Prices of U. 8. Bonds, 1860-1882.
State De1>t8 and SecuritiesState Debts and Immunity from Prosecution.
Prices of State Securities, 1860-1882.
itailroads
and
their Securities-
clolli, . 9'i
To ChronlcIeSubscribcrsione copy only
PostaKC (when scut by
WILXIAM
B.
Alaili)
....
1
00
00
X9
DAK A & CO,
PDBLIBHEES,
19
*
81
Insurance.
MUTUAL LIFE
INSURANCE COMPANY
OF NEW YORK.
Railroad Statistics of tlio United States.
Railroad Eaniings.
Prices of Railroad Bonds, 1878-1883.
The New York Stock Market. 187^-1882.
Prices ot Railroad Stocks. 1878-1882.
Price ol tbe ReTlew. bonnd In
lAeSOLUmYRELIABLEl
JBUSINESSPURPOSEsf
WUlUm Street, Nctt York,
F. S. WIISSTON, President.
ISSUES ETERT DESORIPTIOS OF
LIFE dk END
WMENT POLICIES
Ratei Lower than other Companies,
OBGANTZED AFKIL
14TH, 1842.
ASSETS. $95,000,000.
Mahcb
17,
CHttOMcLK
IHfc,
\mi.\
•teooubl^
Iniamnco.
ONLY
OFFICE OF THK
Charter of
the rnllowInK Statement
In coiiforiulty to the
the Cninpauy, mibiiiit
ItR uflnini on the 3Ut Oeceitiber, 18ti2:
PreiiiluiuM un Marine Risks From
1st jHiiiary, 1S82, to 3l8t De$4,412,693 58
cember, 188^
Preinluiiison Policies not marked
1,516,844 83
off Ist Janiwry, 1882
of
i-i
M
W
i.
Klr»t aibln,»liiO uimI c-'i. «.•... n.i cabin. I«10: ataariie, <)M-lnvluaiii« oiiic. K'<i.iinu anil utaDallt. Katnrn tickata at verj n.huajU nitoa. (•hoeka '" Banqua
Tranaatlaotlque, lUTru and Faria, In amoiinutuault.
Trom Havre to Parts.
Tho C'dmpiwnlo (JoniTiile Traniwllantlquo (lellyem
llckclii from
III New Vork pt'Clal tniln
Special Train
at lt« unieo
Havre
til I"iM
ll^.tt.iti'
1.1.
choi'kofi
ihrnimh to
.- l
,
-
•
Dnlted States and State of
York Stock,
Asset*, vli.:
Mew
Ibk oertiQcates of pniflts will be paid t<> the
holders thereof, or their legal representatives,
on and after Tuesday, the Sixth of February
next.
THE OUTSTANDING CERTIFICATES
'a
dividend OF FORTY PER CENT
Cotton Commigglon Merchants,
NSW VOUK
and after Tuesday, the
By order of
May
First of
Special attention Ktveo to the pnrolusaand sale ol
Future Gontraots.
next.
MEKCHANTt
COMjriSSlON
1«
Si
IH Exehaaeo
Rountree
&
Special attention ulren to ttaa porehaaa and aala of
contracts for fntore dellTery on tba Cotton and PndF
noa Btnhangea.
B.F.BABCOCK&CO.
TOBK.
COTTON BROKER AND AGKNT,
8S RITB DB I.A ROCR8B, HATRBa
112
OLD
Seeretarr.
SLIP,
NEW YORK,
I3« PBAHI.
<»THI?t="r.
Liberal advanoea
TRD8TEK»«t
J.
D. Jones,
OharleH I>ennls,
W. H. K. MiK>re,
Lewis
(.'uitifl,
CharleM H. KuaaeU,
James fx>w,
David I.ane,
Gordon W. Bumham.
A. A. Raven,
Wm.
Horace Gray,
Edmund W. CorUea,
John Elliott,
Adolph Lemoyue,
Bobi. B. Mintuim.
Charles H. Marshall.
George W. Lane,
Edwin D. Morgan,
Jam<« G. De Forest.
Bamnel
Bturgis,
Wtlletts,
Benjaiuiu H. Field,
Jjelah O. Low,
WUUaui E. Dodge,
Charlee D. I^rerloh,
William Bryoe,
WUUam U. Fogg,
Royal
Thomas
Plielps,
Thomas
F.
Youngs.
C. A. iianil.
John
ti.
Horace K.
Coildlngto<>
rhiirOer,
William .egro'X,
iikT,
John
N. Denlon Siulth,
l>. Bnwlett.
William U. Webb,
Charles P. Buntett.
'
.
A. A.
RAVEN, 84
Vioe-Presidtnt.
Vio^Frealdent.
&
Co.,
cotton brokers.
Mtreet, New York.
bpot Cotton and Futares prompt!;
IIT Pearl
Orders for
executed.
Parisot
&
Bullard
119
IHISS.
Orders to purchase Cotton in oar market solicited.
Uefer to Messrs.
Ne w V(.r«.
:j 'I I
i I
Felix Alexander,
COnON BKOKKK,
AOOOSTA, OBOROIA
NEW
YORK.
TIES,
<FOR BAl.lNO COTTON.)
Aaenta for thefollowine brands of Jnta Baaalar.
•Kanle Mills," "Brooklyn CItT ••••(Je.)rila,""CaroMnak*<
•NeTlnaO, •Uu.^a .stjtr," -ttaiem," "llociaoB 11*11*
'Jerae; Mills" and -Dorar MUla."
WARREN, JONES
A.
ORATS
ST. LOUIS, Mo.
Mannfaataren' AaauU far Umt aata at J*U Bw*
Ik*
(li«. FamKh ooTerloc ti*'"'~"t tor oaa4Ktk at
""
entil* Cotton Cro».
daal«r>acll. :•'•<>.
Chronicle Volumes
COTTOM To
SPINNKltS and KXl^tUTKIUi
Coas»in>Ku«iios Bouorrao.
Beferencea :— Nauoual xaas of Angnsu, e«o gla,
Henrr 'ipnti a Co.. Coramlaaion Merch^n' , New
York : Wllllani B. Dana A Co., Proprleton CouM KoiAL a>u rmaiiaLU. CHioinoiA aad ouiai Naw
«V4NTED.
for
i
Tork llotuefc
MAIDBN LANB,
BAGCINC AMD IKON
WUOUWABD.A^^LLMAN
anllre attention glTcn to parahaae or
Wheeler,^ i
BAGGING.
Cotton Factor*,
Wm.
&
IMPOKTBUS or IRON TUB.
Campbell,
VICKNHUKO,
.lUDKK
JOHN D. JONES, President.
CHARLES DENNIS Vice President.
W. U. H. MOOKb, 2d
uade on consUenmanta.
Dennis Perkins
SKIK YORK.
Bllscelianeouii.
Special attention given to the execnttoa ot
orders for the purchaiie and sale of Cott4)n for tutoxa
delivery.
Co.,
COTTOS BROKERS,
And NORFOLK, VA.
9*
&
Geo. Copeland
Co.,
COTTON COMMISSION MEUCUANTS
No.
HofFmann,
F.
Plaae.
NKW
Post building.
Baily,
COTTON FACTORS
AND COHHISSION UEBCHAHTS«
No. 89 Pearl Street, New Torka' '
Receive conRlKQmtfDcaof C >cton and otner l'T.>aaea
and execute unlKn at i><e Kxcti .a,ifla In Urerpoel,
Kepreaented id New Vora at Uie oOlca of
BAiiCOOK BKUTBBB8 * CO..
90 Wau. Sraaar.
Art
Cor. Water Street,
CHAFMAN,
COTTON brori:rs,
RBAVBR STRBBT, NBW YORK.
17 Water Street, LIVBRPOOI.,
COTTON FACTORS
>-^-'^
the Board,
J. H.
Stock, Cotton and Prodnoa E»ehsn«aa
Orders In " irntnraa" azaontad at N. T.Cotton Kzab.
COMMISSION MERCHANTS,
& Gwynn,
Fielding
is
Aedarecl on the net earned premiums of tbt
Company, for the year ending 3l8t Deeember.
18s2,for which certiHcatea will be issued od
BzaciinMi
Cumming &
of
the Issue of IsTS win be redeemed and paid to
the holders thereof, or their legal rcpresentatlvee.onaud after Tuesday, the Sixth of Feb
ruary next, from which data all interest theieon
irlU oease. The oertlHoates to be produced at
the time of payment and oanoeled.
rm
ORDERS roR FUTURE CORTRAOIS. '
Manbars of
58
Robert Tannahill& Co.,
Cation Ezchante Balldinc,
PER CENT INTEREST on the out«tand-
Orleans, La.
WALTER & KROHN,
CO.,
PHILAOBLPUIA.
$13,171,675 02
Amount
Mew
York.
Special AmirrioH Oitkr to
116 ciii'3rMjr stkeu!:t,
No.
Bank and
City,
I
Mew
COTTON COM-HISSION MEKCUANT8,
$8,071,558 00
otherStocks
Vonaa secured by Stocks and
1,575,600 00
otherwise
Keal Estate and Claims due the
531,118 16
Company, estimated at
Premium Notes and Bills Re1,726,575 02
oelvablc
364,923 85
Cash In Bank
^
sDccnaoBS to
CLAOIIOK.N UKKKINO A
$823,304 60
The Company has the following
ORAVIBH ST.,
&
Edward H. Coates& Co.
Premloms and Ez-
138 PEARI. ST., 18S
Co.,
H. Tileston
COTTON, STOCKS, BONDS, *e.,
M WIU.IA.M HTKEKT. NKW VOKK.
t
$2,013,767 35
of
& Co.,
Mohr, Hanemann
or
Aicent,
Cmtliiitl
same
pensea
BIX
81.
"f a steamer
Hr.tt
BetnnM
GroM * Co., SalTMrtoa, TnM
No. 8 Bowllus Ureen.
January, 1882, to 31st Deoem$4,390,305 90
b«r. 1882
penoa
New York.
wilMohb. a.w.UAiiatAiai. C&aamia
I'arla
Morton
:
l.^
LOUIS UK BKHIAN,
FTcniltiius luiirkeil oft frotn Ist
Leases paid diirlns the
Co.,
1
v..
at least
JemlsoB,
pwiaeniiBra
.ny'a Dock In
without
Now
No. 10 OI4 Slip,
U
I'ier (new)
Ni.rth Ul»«r, twit of Mortnn St.
'I'mvelen bj iliii linn itTOtit twlb tnuult b; Kiia»*i>
lUllwnr and the dUouiuforts of oroMtoil tbaCbanoal
In a ftmall bo«l.
,.
Wad.. Mar. «1. 8 P. M.
ST. HIMDN. Durand
LAiillAlioii.i .>ill,ir
.WmI.. March W. HA. M.
AMKKIOl.K. Sttnlolll
Wsd.. Aurll «. » P
.Wed., Mar
NOU.M AN 1)1 K ui«™ S.TYKH
iiirlu.lliiK wine); To llavr*I'Kui or I'AHBAui
Krom
buTOtli'
$5,920,538
&
*nt>
January 25, 1883.
Total Maiiuu Premiums
E. S. Jemison
A N K BK
OENKKAL TRANSATLANTIC CO. COTTON 00MMI88ION MBK( HAim,
Between l«BW YORK and HAVHK,
Mutual Insurance Co.,
NEW YOHK.
France.
Direct Line to
ATLANTIC
The TruHtoen,
Cotunt,
Volnnie*
1, S, 4,
8, 9, 10, IS« I*« l(*
16, IT, 18
««
19.
THE CHRONICLE
fUI
Cotton.
Woodward &
[Miu^H
Coitun.
Stillman,
INMAN,SWANN&Co W.
fost Building, 16 & 8 Exckange Place
NEW VORK.
COTTON MERCHANTS,
U>ANa MADE ON ACCBPTABLR 8ECUHITIES.
COTTON EXCHANGJ- BUILDING,
1
18M,
iniscellaneou§.
Walter T. Hatch.
Nath'l W. T. Batch.
MERCHANTS,
17.
Renry
P. Hatch.
Arthur M, Haleh,
&
T. Hatch
Sous
BANKERS,
1* NASSAU STREET, NEW YORK,
Branch OFFICES i.J2« ,9J'"'"f,'' '»«"«». N. Y.
ana Chapel St., New HaTea
(
Oath Advaneet Made on Oonstgnments.
New
PBCIAI. ATTIXr ON TO OaDIKS FOB COITrRACTS
FOB FUTUK i DBLrVIBT OF COTTON.
OOTTON, ALL ORADSS, SUITABLB TO
OF 8PINNKRS,
Offsbsd on Tibms to Sen.
„
Hbnbt
B. Wabk.
WANTS
SOUTHERN
-5Sr?n''t'eTL?!S?n'IS?nTe°s:'^'"^'°"''~^ •'"<""
Special attention paid to INVESTMENTS
aa*
a ccounts of CODNtEy BANKERsf
iiECVRITIES.
]. P.
New
GEO.
ALBERT KROHN,
Nos. 16
SpedaL
Special attention given to Che Purchase
and Sail
'Contracts for future delivery of Cotton.
CHABIiBS D.
MII.I.EB.
&
Waldron
Tainter,
Cotton and Petroleum Merchants,
PEARL AND 60 STONE STREETS. New York
J^Fpt dre" Orde rs Pbom ptlt Executed.
IgamentB.
ensiAnrs c. Hopkins. Lucius Hopkins Smith.
Ezchanse Place,
NEW YORK
18
If
COTTOrv
advances made on con-
&
08T BUELDINO,
STONE STREET, NEIT YORK.
64
for the purchase or sale of contracts for future deXtlberal
Co.,
COMMISSION MERCHANTS,
STABER,
York.
Special attention paid to the execution of order s
&
Billups
COTTON
Schroeder,
111 Pearl Street,
BXCHANGKS
^'^OCKSand BONDs'fo,
JLVoro^nra?Sfn.'''«°'
LOANS MADE ON
COTTON COMMISSION MERCHANTS
of cotton.
Tork.
aiU.lAT SCHBOIDia
Ware &
ll very
Personal attention given at the
strictly Brokerage and Commission.'
HOME
Hopkins, Dwight & Co.,
Henry Hentz & Co., Insurance Company
C O T T OW
COMMISSION
OF NEW YORK,
MERCHANTS,
COMMISSION MERCHANT.^,
PEARL STREET,
No. 134
|NEW YOKK.
^t-
Obdibs fob Future Contracts Executed in
new tobk and litehpool.
&
Sawyer, Wallace
Co.,
COMMISSION MERCHANTS,
No. 47
BROADWAY*
Special attention given to orders for contracts for
future delivery of cotton in New York and LtverpooL
&
Co.,
COTTON BROKERS,
No. 110 Pearl Street, New ITork.
Future Contracts A specialtt.
> Jt^RBEN EWEN, Jr.
John M. Bwen.
Ewen
A.
Brothers,
33 Rroad Street,
NEW
YORK.
&
John C. Graham
(Suoceaaon to R. M.
WATERS &
CO.),
SELMA, ALA., PH(ENIX BUILDING.
MONTGOMERY,
ALA., MOHBIS
Bank BUILDING.
New York
tor futrae Contxaou Executed In
and Liverpool.
_^
William H. Beede
'
^j. o.
Gwathmey &
Correspondents
BL088.
New
N. \,
Eatabllahed (In Tontine BuUdtng) isio.
41 WALKER
York.
STREET.
Liabilities
Co.,
&
CO.,
cotton buyers,
:mont«!omery, a la.
Wire
R
-~ "^
A
.
STEEL AND CHARCOAL
IRON of superior quality
suitable for MINING AND
HOISTING PURPOSES.
Inclined Planes, Transmls-
islon of Power, ic
Also,
uGalvanlzed Charcoal and B B
Ifor Ships' Rigging, Suspenf .-^ion Bridges. Derrick Guys.
/ Herry Ropes. 4c.
A large
stock constantly on hand
'
from
wliicii
any
lengths are cut.
NET 8UEPLDS
No. 2 Courtlandt
JOHN
43 Broadway,
New
ALEXANDER,
York.
Agent.
hntish
& Mercantile Ins. Co
United States Board
2fSW
ManagemeDtj
of
FORE
:
iOLON HTJMPHRBYS, Ch'r'n,(B. D.Morgan & Co
JAVID DOWS, Esq. (David Dow8&Co5
P. FABBRl, Esq. (urexel, Morgan* Co.)
rfoK. 8. B. CHITTENDiSN.
iZRA WHITE, Bea.
J. ASTOB, Esq.
il.
I .
mXS.
E.
WHITE, SAM.
P.
BLAGDEN,
Office S4 Vt^llllRin
«it..
iMow Vork.
K^OfPtnterdal
Union Ins. Ca
lOr LOlTDOlli,
ALFRED
PELL,
desired
K
for .Mining purposes
f:i('tnrefl to order,
\V. iraAM>N
$3,193,182 13
St.,
Nortii
Ij
A T
JUtUtent Uanagtr,
STKEL ANDIltON KOPKS
—
1,861,428 46
4,000,000 00
MANAUBKS.
COMMISHI.
o pe
$9,054,610 58
OF
Special attention given to the ;>urchase
and sale
of contracts for future dell- ery.
PITRCHABE ONt T ON OHnERS. FOR
1883
and re-insurance fund
Capital
JAS. A.
COTTON COMMISSION MERCHANTS,
9» Pearl St., New York.
H. CLISKY
1,
for unpaid losses
LONDON AND EDINBURGH.
Hyman &
COTTON BHOKBKe,,
WaU,
OF HARTFORD.
Assets January
Norfolk. Va.
^" ^""^
Secretary.
Company
Insurance
HYMAN8 A DANCT,
York.
07
President.
J.
Montgomery, Ala.
Orders executed at the Cotton Exchanges In
New
York and Liverpool and advances made on
Cotton
and other produce consigned to us. or to
our oorre
spondenta In Liverpool. Messrs. B. Newgass
& Co
and .Messrs. L Rosenheim & Sons
Wennian & Co.,
No. 146 Pearl Street, near
Lehman, ouRB&i;a
AND
conntnssioN rierchants.
No. 40 EXCHANGE PLACE,
I
J ames F.
CHAS. J. OTARTIN,
H. ITASHHURN,
M
$7,208,489
Cotton Brokers.
Co.,
"
Dancy,
1883
1,
:
LEHMAN BRO'S,
Cotton Factors
Special attention given to the execution of orders
y;i,ye^r/l"a"JeTY'yrta°g^\?ve°rXr'
&
Lehman. ABRAHAM * Co!,
New Orleans. La.
Bloss,
New
Cash Assets, January
2'll«'832 00
317 596 01
1,774;0B1
.
& Co., Liverpool, London and
Messrs. Flnlay, Mulr & Co., CalcutU and Bombar.
Messrs. Samuel H. Buck & Co., New Orleans.
COTTON MERCHANTS,
ho. ia3 Pearl Street,
Also orders for
NEW YORK COFFEK EXCHANGE.
Messrs. James Flnlay
& Co.
^^^^^ss^^ssr^^fu^j?,^^ i"^^'^r^
Reserve for Unearned Premiums.....'
Keserve for Unpaid Losses and Claims
Netburplus
.'.'.'
AND NEW OR-
COFFEE
at the
JOHN
COTTON BROKERS,
No 114 PEARL STREET.
^ »• OWATHl«i^^
COTTON
YORK, LIVERPOOL
LEANS COTTON EXCHANGES.
Co.,
COTTON COMMISSION MERCHANTS,
Ho. 18 \rilUam Street, New York.
Olden
NEW
UPJTOWK OFFICE, NOS. 39 4
COTTON BROKERS,
No*. 31
at the
^Messrs. Smith, Edwards
Uberal advances made on cotton consignments.
Geo. Brennecke
8 Soutb Trilllam St., New Yorli.
OFFICE, 119 BROADWAY.
EXECUTE ORDERS FOR FDTURB DELITBRY CASH CAPITAL
»80000000«
A CO.,
manu-
New Vork.
i7<S
^ WaU Street,
@FedFRASER